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V O L .
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In d u s tria l
C o n v e n tio n
S e c tio n
S e c tio n
SATURDAY, APRIL 20 1912
9 4
" g ilt
Clearings at —
( P i t - a n k l e .
PUBLISHED WEEKLY.
Term s of Subscription— Payable in Advance
F o r O n o Y e a r ....................................................................................................................... $ 1 0 qo
F o r S i x M o n t h s .................................................................................................................
e 00
E u r o p e a n S u b s c r i p t i o n ( in c l u d in g p o s t a g e ) ...........................
1 3 qo
E u r o p e a n S u b s c r i p t i o n s ix m o n t h s ( in c l u d in g p o s ta g o ) .
............... 7 5 0
A n n u a l S u b s c r i p t i o n i n L o n d o n ( in c l u d in g p o s ta g e )
............... £ 3 1 4 s
S i x M o n th s S u b s c r i p t i o n i n L o n d o n ( in c l u d in g p o s ta g e )
.....................£ 1 11 s '
C a n a d i a n S u b s c r i p t i o n ( i n c l u d i n g p o s t a g o ) .................................! ! ” " $ ! 1 50 ’
S u b s c r ip t io n i n c l u d e s f o l l o w i n g S u p p l e m e n t s —
BANK AND Q u o t a t io n ( m o n t h ly ) | R a il w a y a n d I n d u s t r ia l (3 t i m e s y e a r l y )
R a il w a y E a r n in g s ( m o n t h ly )
E l e c t r ic R a il w a y (3 t i m e s y e a r l y )
S t a t e a n d C it y ( s o m l - a n n u a ll y ) | B a n k e r s ’ c o n v e n t i o n ( y e a r ly )
Term s of A dvertising— Per Inch Sp ace
T r a n s i e n t m a t t e r p e r i n c h s p a c e ( 1 4 a g a t e l i n e s ) ............................................... $ 4 2 0
/ T w o M o n th s
(* t i m e s ) ................................ 2 2 0 0
S t a n d in g B u s i n e s s C ard s < T lir e o M o n th s
(1 3 t i m e s ) ................................ 2 9 0 0
) S ix M o n th s
(2(5 t i m e s ) ................................ 5 0 0 0
( T w e l v e M o n th s ( 5 2 t i m e s ) ................................... 8 7 0 0
C I I I C A G O O F F I C E — P l i n y B a r t l e t t ,S i r : M o n a d n o c k B l o c k ; T e l .H a r r i s o n 4012.
L O N D O N O F F I C E — E d w a r d s <fc S m it h , 1 D r a p e r s ’ G a r d e n s , E . C.
P,
W IL L IA M
O. B ox 9 58.
B . D A N A C O M P A N Y , P u b lis h e r* ,
F r o n t, P in o a n d D c p c y s te r Hts ..
N ew Y o rk .
P u b lis h e d e v e ry S a tu r d a y m o rn in g b y W IL L IA M B . D A N A C O M P A N Y .
J a c o b S e ib e rt J r ., P r e s id e n t a n d T rc a s .; G eorge S . D a n a a n d A rn o ld G . D a n a ,
V ic e -P re sid e n ts; A rnold G . D a n a , See. A dd resses of a il, O ffice of th e C o m p a n y ,
C L E A ItIN G -H O U S E R E T U R N S .
T h e f o llo w in g t a b l e , m a d e u p b y t e l e g r a p h , & c ., I n d ic a te s t h a t t h e
t o t a l b a n k c le a r in g s o f a il c le a r in g h o u s e s o f t h e U n i t e d S t a t e s f o r w e e k
e n d in g A p r i l 2 0 h a v e b e e n < 3 ,4 6 6 ,1 7 4 ,1 4 4 , a g a i n s t $ 3 .5 6 5 ,8 0 7 ,6 6 7 la s t
w e e k a n d < 2 ,0 5 0 ,2 5 8 ,7 4 0 t h e c o r r e s p o n d in g w e e k l a s t y e a r .
Clearings— Returns by Telegraph.
Week ending A p ril 2d.
Per
Cent.
1012.
1911.
C h i c a g o ................................................... .......
S t. L o u t s ..............................
N ew O r le a n s ......... ........................................
Baltimore.
......................
S I , 781,133,419
131,283,222
132,649,217
3 0 ,9 3 9 ,0 0 8
207,642,201
69,094,293
15,344,906
S I . 4 1 2 ,533,977
119,192,090
136,175,626
28 ,2 0 1 ,6 3 0
2 3 5 ,377,940
6 6 ,4 15,877
16,071,664
+ 26.1
+ 10.1
— 2.6
+ 9.7
+ 13.7
+ 4 .0
— 4 .5
S even c ities, 5 d a y s .
O th e r c ities, 5 d a y s . . .
.
8 2 ,4 2 8 ,0 8 6 ,2 6 6
5 2 8 ,974,637
8 2 ,013,968,804
4 9 0 ,143,487
+ 2 0 .6
+ 7.9
82,9 5 7 ,0 0 0 ,9 0 3
509,113,241
8 2 .5 0 4 ,112,291 j + 18.1
4 6 2 ,1 4 6 ,4 4 9 | + 12.6
T o ta l a ll c ities for w e e k .......................... 1 S 3 ,4 6 6 ,174,'l4 I
$ 2 ,9 5 0 ,2 5 8 ,7 4 0 1 + 17.3
N ew Y o r k ..........................................................
B o s t o n ...................................................... .........
P h i la d e l p h ia ................... ................................
T o ta l all c ities, 5 d a y s ______
All c ities, 1 d a y ____ . .
.
T h e f u ll d e t a i l s f o r t h e w e e k c o v e r e d b y t h e a b o v e w ill b e g i v e n n e x t
S a tu rd a y .
W e c a n n o t f u r n i s h t h e m t o - d a y , c le a r in g s b e in g m a d e u n b v t h e
c le a r in g h o u s e s a t n o o n o n S a t u r d a y , a n d h e n c e in t h e a b o v e t h e l a s t d a v 'o f
t h e w e e k h a s t o b e In a ll c a s e s e s t i m a t e d , a s w e g o t o p r e s s F r i d a y n l e h t
W e p r e s e n t b e lo w d e t a i l e d fig u r e s f o r t h e w e e k e n d in g w i t h S a t u r d a v
n o o n , A p r i l 13 f o r f o u r y e a r s . '
Week ending A pril 13.
Cleavings at —
1912.
N ew Y o r k . . .
P h ila d e lp h ia . . . .
P i tt s b u r g h ______
B a l ti m o r e ______
B u ffa lo ...................
W a sh in g to n . . .
A lb a n y ...................
R o c h e s te r ______
S c r a n t o n ............
S y r a c u s e ............
R e a d in g .................
W ilm in g to n .........
W ilk e s-B arre . . .
W heeling ............
T re n to n _ ..........
L a n c a s t e r ............
Y ork .....................
E r i e ........................
B in g h a m to n . .
G r c c n s b u r g ..........
C h e ster ............
A l t o o n a .................
1011.
1010.
1909.
s
S
S
%
S
2,138,671,767 1,538,246,073 + 3 9 .0 1,073,673,802 1 ,953,632,259
128,918,131 + 27.9
164,825,257
152,914,730
152,353,164
40,499,721 + 3 9 .4
61,819,525
5 4 ,0 51,187
51,969,051
37,118,641
3 1 ,5 22,150 + 17.8
20,007,403
30,993,661
— 4.3
9,657 ,5 3 8
10,089,228
0,305.961
8 ,2 9 2 ,3 9 2
7,650,082
+ 9.2
8,361,463
7.363,205
6 ,5 2 8 ,7 9 7
5 ,8 1 0 ,5 8 )
+ 3 .4
5 .6 1 0 ,3 9 2
0,7 5 3 ,9 7 5
5 ,3 3 1 ,9 4 5
4,201.011
4,796,811
3 .0 0 2 ,3 2 0 + 20.1
3 ,3 5 3 ,2 5 4
+ 9 .6
2,707,539
2.52 5 .8 1 0
2 ,8 0 5 ,1 0 0
2,91.33) )1
2.389,694
+ 2 .0
2,341.551;
2 ,4 3 7 .3 1 2
2 ,1 6 0 ,1 4 0
2.265,653
1,807,537 + 21.3
1.828.948
1.880,.385
1,805,157
1,494.030 + 20.8
1,581,997
1.412,75 1
1,394.021
— 1.1
! ,3 /3 ,3 ! 1
1,100,645
1,050,308
1,872,914
+ 4.5
1.992,301
1,791,181
1.701 208
1.944,032
1,702,730 + 14.2
2 ,2 )1 ,5 7 1
1 .9 3 7 ,9 8 )
2 ,024,557
1,191,054
1.290,993
+ 7.0
1,358,598
960,554 + 41.4
1,190,337
U 13,981
963,500
872,063 + 21.9
876,246
81 9 ,1 3 8
611,100
560,600
570,800
+ 9.1
431 + 0 0
671,953
501,374 + 3 3 .1
663.557
j
.j,-()
5 n0,820
473,283 + 2 4 .8
596.131
4863)69
551,500
433,583 + 29.5
5 11,0 0
408,576
T o ta l M id d le .. 2 ,455,202,270 1,790,685,737
B o sto n ___ __
P r o v id e n c e ..........
H a r t f o r d .......... _
N ew H a v e n ..........
S p rin g fie ld ............
W o r c e s te r ______
P o r tla n d ____
Fall R iv e r ............
N ew B e d f o rd . .
L o w e l l ...................
H o l y o k e ...............
B a n g o r....................
Inc. or
I)cc.
17'*,925,921
8,820,600
5,681,004
3 ,286,782
2,874,673
2,709,881
2,223,350
1,161,273
1,303,850
561,248
677,202
487,081
T o t. N ew E n g .
148,874.658
8 ,7 0 5 ,0 0 0
1,258,536
2,837,332
2,333,064
2,50 2 ,2 3 7
1,933,819
1,131,609
1,17.6,976
574,151
652,922
4 4 8 ,9 2 4 1
+ 3 7 + 2,259,365,094 2 ,2 2 9 ,0 8 9 ,6 3 6
+ 20.9
+ 0.4
+ 3 3 .5
+ 14.6
+ 23.2
+ 8.3
+ 15.3
+ 2.6
+ 10.8
— 4 .0
+ 22.5
+ 8.5
163,596.108
8 ,6 4 7 .2 0 0
4.65 5 ,7 0 5
3 ,0 7 6 ,6 6 i
2 ,5 7 4 ,4 0 5
2 ,611,124
1.839,384
1.339,391
1,116,945
5 )0 ,9 7 0
537,037
194.218,482
8 ,4 1 6 /)0 0
4 ,3 8 0 960
3.0 2 L 148
2 ,2 4 0 ,2 8 6
l ,7 8 l ! o / 5
1,5 °8 739
1.115:349
9 60.030
615 551
5 03,336
1 75.450,578' + 19.6
200,721,458
180,104,994
218.891 9.59
N o te .—For Canadian clearings see “Commercial and Miscellaneous News.”
C h i c a g o ...............
C i n c in n a t i ..........
C l e v e l a n d ..........
D e t r o i t .................
M ilw a u k e e ............
I n d ia n a p o li s ___
C o lu m b u s .
T o l e d o ____
P e o i i a _________
G ra n d R a p id s __
D a y t o n .................
E v a n sv ille _____
K a la m a z o o
S p rin g field , 111
F o rt W a y n e ___
C a n t o n .........
Y o u n g s to w n ___
L e x in g to n ..
R o c k fo rd _.
A k r o n ...............
Q u in c y ................. ..
S p rin g tle ld , O h io .
S o u th B e n d .
B lo o m in g to n ___
D e c a t u r .................
M a n sfield _______
D a n v i ll e ................
J a c k s m .................
J a c k s o n v i l l e ___
L a n s in g ________
L i m a ......................
A n n A r b o r . . ___
A d ria n .................
O w e n s b o r o ..........
T o t .M id .W e st .
S a n F ra n c is c o __
L as A n g e le s..........
S e a ttle .................
P o r t l a n d ...............
S a lt L a k e C i t y . . 1
S p o k a n e .................
T a c o m a .................
O a k la n d .......
S a c ra m e n to ..........
S a n D ie g o ............
P a s a d e n a ...............
F re sn o . . . . .
S to c k to n ...............
S a n J o s e .................
N o rth Y a k im a . .
R e n o ______ _. , .
T o ta l P a c if ic ..
K a n sa s C i t y ___
M in n e a p o lis_____
O m a h a ..........
S t. P a u l .................
D e n v e r ...........
S t. J o s e p h ..
Des M o in e s..........
SI n ix C i ty ............
ft l e h l t a .................
D u l u t h ...................
L incoln .................
D a v e n p o r t............
T o p e k a .................
C e d a r R a p i d s .. .
F a rg o ...................
C o lo rad o S p rin g s.
P u eb lo .................
F re m o n t ..............
W a te rlo o ............
H e le n a .................
B illings _____
A b e rd e e n ...............
H a s t i n g s ..............
T o t. o th . W est
S t. L o u is ...............
N ew O r le a n s ___
L o u i s v il le ............
H o u s t o n .......... ..
G a l v e s t o n ............
R ich m o n d __ _
F o rt W o r t h ..........
A tla n ta .................
M em phis ..............
S a v a n n a h ............
N a sh v ille ............
N orfolk .................
B ir m in g h a m ____
C-h i t t a a ioga __
A u g u s ta .................
J a ck so n v ille ___
L ittle R o c k ..........
K n o x v i l l e ............
C h a r le s to n : ..........
M o b il e ___ ..____
O k la h o m a . _____
M acon . . . . . . .
A u s t i n ...................
V i c k s b u r g ______
W ilm in g to n , N . C
J a c 'a m .................
T u h a ...................
M u sso g ce ............
T o ta l S o u th e rn
T o ta l a n ............
O u tsid e N . Y _ .
E le c tric
S ta te
R a ilw a y
a n d
S e c tio n
C ity
S e c tio n
N O .
2 4 4 3
THE CHRONICLE
1 0 8 2
[V O L . L X X X X I V .
I s i t n o t a g r a v e e r r o r n o t t o r e c o g n iz e t h i s f a c t r a t h e r
OUR RAILWAY EARNINGS ISSUE.
t h a n lu ll o n e ’s s e lf i n t o a f a ls e s e n s e o f s e c u r i t y w h ic h m a y
W e s e n d to o u r s u b s c rib e rs to - d a y th e A p ril n u m b e r
b e f r a u g h t w ith m o s t s e rio u s c o n s e q u e n c e s ?
R em em
o f o u r “ R a ilw a y E a r n in g s ” S e c tio n .
I n th is p u b lic a
t i o n w e g iv e t h e f ig u r e s o f e a r n i n g s a n d e x p e n s e s f o r
t h e l a t e s t m o n t h o f e v e r y o p e r a t i n g s t e a m r a i l r o a d in
b e r t h a t M r . R o o s e v e l t ’s t r i u m p h s a r e b e i n g w o n w h ile
s t a n d i n g o n h is l a t e s t p l a t f o r m o f r a d i c a l i s m , w h ic h
th e
th e m o s t d a n g e ro u s p ro p o s a l e v e r s u b m itte d to th e
e le c to ra te in th is c o u n try .
T h e a p p e a l is a ll t h e m o r e
U n ite d
S ta te s
r e tu r n s w ith
w h ic h is r e q u i r e d
th e I n te r - S ta te
t o file m o n t h l y
C o m m e r c e C o m m is s i o n
p r o v i d e s f o r a r e c a l l of j u d g e s a n d o f j u d i c i a l d e c is i o n s ,
in s id io u s b e c a u s e in e s p o u s in g th e d o c trin e o f ju d ic ia l
a t W a s h in g to n .
A s a n n o u n c e d la s t m o n th , th e e la b o r a te s ta tis tic a l
r e c a ll M r . R o o s e v e l t p o s e s a s t h e c h a m p i o n o f p o p u
d a t a c o n t ; .i n e d in t h i s E a r n i n g s S u p p l e m e n t a r e n o w
la r rig h ts .
I f t h e D e m o c r a t s c o u ld b e d e p e n d e d o n t o p u t i n t h e
p r e s e n te d in a n e w a n d g r e a tly im p r o v e d fo rm .
A n
o t h e r i m p r o v e m e n t m a d e is t h a t w e s u p p l e m e n t t h e
r e t u r n s o f t h e I n t e r - S t a t e C o m m e r c e C o m m is s i o n w i t h
t h e c o m p a n i e s ’ o w n s t a t e m e n t s w h e r e t h e s e d if fe r
f ie ld a c a n d i d a t e f o r t h e P r e s i d e n c y w h o w o u l d d e c l a r e
u n q u a lif ie d o p p o s itio n to th is d a n g e r o u s p r o p o s a l,
t h u s p r e s e n t i n g a c l e a r - c u t is s u e o n t h i s q u e s t i o n a s
f r o m t h e C o m m e r c e r e t u r n s o r g iv e f ix e d c h a r g e s in
b e t w e e n t h e tw o g r e a t p a r t i e s , t h e r e w o u ld b e n o o c c a
a d d i t i o n t o e a r n i n g s , o r w h e r e t h e y h a v e a f is c a l y e a r
s io n f o r a n x i e t y .
d i f f e r e n t f r o m t h e J u n e 3 0 y e a r , a s is t h e c a s e w i t h t h e
w e r e t o b e w e lc o m e d , s in c e t h e is s u e w o u ld o n c e a n d
N ew
T h e d r e a d fu l d is a s te r to th e W h ite S ta r o c e a n lin e r
f o r a ll b e d e c is i v e ly d i s p o s e d o f, a n d a t t h e s a m e t i m e
a n e n d b e p u t t o t h e a s p i r a t i o n s o f t h e m o s t d e m a g o g ic
f ig u r e t h a t h a s e v e r a p p e a r e d in A m e r i c a n h i s t o r y .
B u t, u n f o rtu n a te ly , th e in d ic a tio n s d o n o t p o in t t h a t
w a y — d o n o t fa v o r a n y s u c h p ro s p e c t.
In d e e d , th e
T i t a n i c h a s o v e r s h a d o w e d a ll o t h e r e v e n t s t h i s w e e k .
p r o m in e n t D e m o c ra tic c a n d id a te s sh o w a d is p o s itio n
Y o rk
C e n tra l
L in e s ,
th e
P e n n s y lv a n ia
R R .,
a n d o th e rs .
THE FINANCIAL SITUATION.
I n d e e d , in t h a t e v e n t t h e c o n t e s t
P r a c t i c a l l y n o t h i n g e ls e h a s b e e n t a l k e d a b o u t o r d i s
t o t r a i l b e h i n d M r. R o o s e v e l t in e s p o u s i n g r a d i c a l i s m
cu ssed ; a n d as th e m a g n itu d e of th e c a ta s tr o p h e h a s
and
g r a d u a lly d a w n e d u p o n th e m in d , th e effec t h a s b e e n
p o lic ie s .
in
a d v o c a tin g
d e s tru c tiv e
c iv ic
and
e c o n o m ic
A t t h e s a m e t i m e t h e r a n k a n d file of t h e
in a m e a s u r a b l e d e g r e e t o c h e c k t h e o r d i n a r y c o u r s e
D e m o c r a t s a p p e a r to b e o b l i v i o u s o f t h e f a c t t h a t t h e
o f a f f a ir s in t h e b u s in e s s w o r l d .
T h e b lo w w a s s o u n
p a r t y is b e i n g b y d e g r e e s c o m m i t t e d t o t h e s e d i s t u r b
e x p e c t e d , s o w h o lly u n l o o k e d f o r , t h a t e v e r y o n e h a s
t o p a u s e a n d m a k e a n e f f o r t t o r e c o v e r o n e ’s s e n s e s .
I t w ill t a k e a l o n g t i m e t o b l o t f r o m m e m o r y t h e s u f f e r
in g p o litic a l d e c la r a tio n s .
O n l a s t S a t u r d a y n i g h t a ll t h e s h i n i n g l i g h t s in t h e
D e m o c r a t i c P a r t y a t t e n d e d t h e a n n u a l d i n n e r in c o m
m e m o r a t i o n o f t h e b i r t h o f T h o m a s J e f f e r s o n , a n d lis
i n g of t h e s u v i v o r s a n d t h e h a r r o w i n g s c e n e s e n a c t e d
te n e d s e re n e ly to ta lk a n d p r o p o s itio n s f u lly a s d is
b e e n m o r e o r le s s d a z e d , a n d t h e d i s p o s i t i o n h a s b e e n
la s t S u n d a y n ig h t, w h e n th is m a m m o th o c e a n s te a m
tu r b in g
s h i p , w h ic h w a s s u p p o s e d to t y p i f y p e r f e c t i o n in n a v a l
T h e l a t t e r , a s is k n o w n , m a k e s i t a p r a c t i c e t o c a ll u p o n
as
a n y th in g
p ro c la im e d
by
M r.
R o o s e v e lt.
a r c h i t e c t u r e a n d t o e m b o d y a ll t h e s k ill a n d i n g e n u i t y
t h e s h a d e s o f A b r a h a m L i n c o l n t o j u s t i f y h is d i s t u r b i n g
f o r w h ic h t h e w o r l d ’s s h i p y a r d s h a v e b e c o m e f a m o u s ,
th e o rie s a n d p r o p o s itio n s .
T h e D e m o c ra ts , o n th e ir
p a r t , o r a t le a s t th e D e m o c r a tic p o litic a l le a d e rs , u n
d e r t a k e t o c i t e J e f f e r s o n in s u p p o r t o f a ll s o r t s o f r a d i c a l
id e a s .
M a y o r G a y n o r w a s o n e of th e s p e a k e rs a t th e
e n c o u n t e r e d q u i c k d e s t r u c t i o n a s a r e s u l t o f a c o llis io n
w i t h a m a s s iv e i c e b e r g . S o m a n y p e r s o n s o f p r o m i n e n c e
to o , h a v e s u ffe re d d e a th , t h a t a se n se of b e r e a v e m e n t
is p r e s e n t e v e n w h e r e o n e d o e s n o t fin d h im s e lf p e r
s o n a lly b e re a v e d .
F o r th e s e re a s o n s
d e v e lo p in g
d in n e r,
and
h e ex p re ssed
n e a rly
as m u ch
c o n t e m p t f o r t h e c o u r t s a n d f o r j u d i c i a l d e c is i o n s a s
th e
u n fo rtu n a te
in t h e p o l i t i c a l w o r l d
d e g re e ig n o r e d .
Je ffe rso n
s itu a tio n
has been
fast
in g r e a t
A t t h e p r i m a r y e l e c tio n s h e l d t h r o u g h
M r. R o o s e v e l t h im s e lf .
M r. G a y n o r is s o m e t i m e s m e n
t i o n e d a s a p o s s i b le “ d a r k h o r s e ” f o r t h e D e m o c r a t i c
n o m in a tio n .
I f h e re a lly e n te r ta in s a s p ira tio n s fo r th e
o u t P e n n s y lv a n ia o n S a tu r d a y la s t M r. R o o s e v e lt re
P r e s i d e n c y i t is e v i d e n t t h a t h e m e a n s t o r e a c h
p e a t e d t h e v i c t o r y a c h i e v e d b y h i m a fe w d a y s e a r l i e r
g o al b y th e sa m e s o rt
in I l l i n o i s .
T h e r e is , t o b e s u r e , m u c h in M r . G a y n o r ’s o w n p e r
e le c tio n
I t is f ig u r e d t h a t M r. R o o s e v e l t a f t e r t h e
of th e
tw e l v e
d e le g a te s
at
la r g e
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s i x t y - n i n e o u t o f t h e s e v e n t y - s i x d e l e g a t e s to t h e
N a tio n a l R e p u b lic a n C o n v e n tio n .
I t is n o w e v i d e n t
h is
o f a p p e a ls a s M r. R o o s e v e lt.
f o r m a n c e s w h ile o n t h e b e n c h t o e n g e n d e r l a c k o f c o n
f id e n c e in t h e a c t i o n a n d d e c is i o n s o f j u d g e s .
I t w as
M r. G a y n o r a s a S u p re m e C o u r t J u d g e w h o is s u e d th e
d a c y w a s a m is ta k e .
H is c a m p a i g n is t a k i n g o n f o r
m i d n i g h t o r d e r , a t t h e i n s t a n c e o f W i llia m R . I i e a r s t ,
t h a t s e n t t h e b a l l o t - b o x e s s c a t t e r i n g a ll o v e r t h e s t r e e t s
m id a b le p r o p o r tio n s .
T h is la te s t tr iu m p h , w ith th e
of N ew Y o rk w h e n M r. I ie a r s t w as a n u n su c c e ssfu l
t h a t t h e a t t e m p t to p o o h - p o o h t h e R o o s e v e l t c a n d i
d e l e g a t e s h e is s u r e t o g e t in o t h e r S t a t e s , w o u ld a p p e a r
t o b r i n g h im m e a s u r a b l y n e a r t o t h e n o m i n a t i o n .
N e v e r t h e l e s s t h e r e is t h e s a m e d i s p o s i t i o n a s b e f o r e t o
m in i m iz e
p r iz e .
th e
p o s s ib ility
o f h is g e t t i n g
th e
c o v e te d
W e a re to ld t h a t P r e s id e n t T a f t h a s a lr e a d y
c a n d id a te
fo r
th e
m a y o ra lty .
I t w a s M r. G a y n o r,
t o o , w h ile s t i l l o n t h e S u p r e m e C o u r t b e n c h , w h o
t a l k e d in s u c h a r e c k le s s w a y o n e s u m m e r a b o u t t h e
rig h t of th e
ra ilro a d s to
c o l le c t a t e n - c e n t f a r e o n
t r o l l e y r id e s t o C o n e y I s l a n d t h a t a lo n g s e r ie s o f r i o t s
s e c u r e d so m a n y d e l e g a t e s a n d is c e r t a i n o f s o m a n y
w as p re c ip ita te d
m o r e t h a t t h e r e is n o c h a n c e o f t h e n o m i n a t i o n b e i n g
m o r e t h a n fiv e c e n t s , b a s i n g t h e i r a c t i o n o n t h e a d v i c e
o f M r. G a y n o r .
L a te r th e m a tte r w a s c a rrie d in to th e
w re s te d
fro m
h im .
B u t t h e w id e g a p a t o n e t i m e
b e c a u se p a sse n g e rs re fu se d
to
pay
e x i s t i n g b e t w e e n t h e n u m b e r o f d e l e g a t e s p le d g e d t o
c o u r t s a n d M r. G a y n o r w a s s h o w n to lie c g r e g io u s ly in
M r . T a f t a n d th o s e p l e d g e d t o M r. R o o s e v e l t is b e i n g
e rro r.
S u c h a c t i o n o n t h e p a r t o f j u d g e s is , o t c o u r s e , to b e
r a p i d l y n a r r o w e d , a n d it is b e c o m in g p l a i n t h a t a r e l a
t i v e l y fe w c h a n g e s in t h e s u p p o s e d o r d e c l a r e d p r e f
e re n c e s of th e d e le g a te s b e tw e e n n o w a n d C o n v e n tio n
d e p lo re d .
t i m e m i g h t g iv e t h e e x - P r e s i d e n t a n a c t u a l m a j o r i t y
i n s t a n c e s t h e f a ll ib le h u m a n i n s t r u m e n t s t h a t h a v e t o
o f th e d e le g a te s .
lie r e li e d u p o n , o n o c c a s io n s e r r lik e o t h e r h u m a n a g e n
I t d o e s n o t fo llo w , h o w e v e r , t h a t o u r j u d i
c ia l .s y s te m is a t f a u l t ; r a t h e r , i t s h o w s t h a t in i s o l a t e d
A pr.
c ie s .
I n th is p a r tic u la r in s ta n c e th e p o s s ib ility of a
re p e titio n
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a c ts of in d iv id u a l ju d g e s
is , in t h e n a t u r e o f t h i n g s , r e d u c e d t o a m i n i m u m .
F o r if o n e j u d g e b l u n d e r s , t h e r e is n e a r l y a l w a y s
th e r ig h t of a p p e a l to a n o th e r ju d g e , a n d a p p e l
la te tr ib u n a ls e x is t f o r p a s s in g o n th e w o rk
lo w e r c o u r t s .
T h i s is in m a r k e d
of th e
c o n t r a s t w ith th e
p o s s ib ility o f d a n g e r fro m th e a c ts of a G o v e rn m e n t
o f f ic ia l.
I n m o s t o f h is a c t s a h i g h G o v e r n m e n t o f
f ic i a l, if h e c h o o s e s , c a n b e v e r y m u c h o f a f r e e la n c e ,
n o t s u b j e c t t o r e s t r a i n t a t a l l.
I t is M r . G a y n o r ’s v ie w , h o w e v e r , t h a t t h e C o n s ti
tu tio n
s h o u ld b e f r e q u e n tly
am ended.
H e s u g g e s ts
t h a t th e F e d e r a l C o n s titu tio n b e c o m p le te ly re v is e d
e v e ry tw e n ty y e a rs.
O b v i o u s l y , t o t h i s t h e r e w o u ld
b e n o o b j e c t i o n if C o n s t i t u t i o n a l m e t h o d s t o t h a t e n d
w e re e m p lo y e d .
B u t t h e s p i r i t t h a t M r . G a y n o r d is
p l a y s m a k e s i t o b v i o u s t h a t lie is s i m p l y c o p y i n g M r.
R o o s e v e lt.
T h e f o llo w in g f r o m
t h e M a y o r ’s a d d r e s s
o f la s t S a t u r d a y h a s a d e c id e d R o o s e v e lt r in g : “ T h e
ju d g e s w h o a re th u s p u tti n g th e m s e lv e s in th e w a y of
j u s t a n d h u m a n e l a w s , c a lle d f o r b y t h e s p i r i t o f C h r i s
t i a n i t y a n d s o c ia l p r o g r e s s , s a y t h a t i t is t h e i r d u t y t o
p r o te c t th e p o p u la c e fro m th e m s e lv e s .
J u s t t h i n k of
th a t.
W h e n a n d w h e re a n d h o w d id w e e v e r c o n fe r
a n y s u c h m is s io n a s t h a t u p o n t h e m ?
W h o s e t th e m
u p t o p r o t e c t u s f r o m o u r s e lv e s ?
t o c a r r y o u t o u r w ill b y la w s .
tio n s
have
th e y
fro m
a re
th e
see
th e
W e e le c t le g is la tu re s
.
.
.
O u r c o n s titu
a d o p te d b y v o te o f th e p e o p le , a n d th e p e o p le
r i g h t t o a m e n d t h e m in t h e s a m e w a y w h e n
f i t . A n d t h a t is w h a t t h e y h a v e b e e n d o in g
b e g in n in g .”
H e r e M r. G a y n o r c o n f u s e s t h e
r i g h t t o a m e n d , w h ic h is a l w a y s r e s e r v e d a n d a l w a y s
o p e n , w i t h t h e r i g h t o f j u d i c i a l r e c a ll, w h ic h is a t o t a l l y
d i f f e r e n t t h i n g a n d w h i c h w o u ld d e s t r o y t h e i n d e p e n d
e n c e o f t h e j u d g e s a n d w e a k e n t h e c h a r a c t e r a n d in f lu
e n c e o f t h e w h o le j u d i c i a r y .
M r . G a y n o r a ls o r e f e r s c o n t e m p t u o u s l y t o t h e a c t i o n
o f t h e m e m b e r s o f t h e b a r in d e c l a r i n g o p p o s i t i o n t o t h e
d o c trin e
of
ju d ic ia l
r e c a ll.
H is
com m ent
on
th is
a c tio n w a s to th e e ffe c t t h a t “ th e o th e r d a y a lo t
o f la w y e rs p u t f o r th a s t a te m e n t w a r n in g th e c o m m u n
ity a g a in s t c h a n g e s of th e C o n s titu tio n b y p o p u la r v o te .
W h a t d o th e y m e a n ” ?
P a s s in g th e s lu r u p o n e m in e n t
m e m b e r s o f t h e b a r , M r. G a y n o r h e r e a g a i n f a i l s t o
p e r c e iv e t h e d if f e r e n c e b e t w e e n a m e n d i n g t h e C o n s t i
tu ti o n in th e r e g u la r w a y b y p re s c rib e d m e th o d s a n d
h a u l i n g a j u d g e o v e r t h e c o a ls b e c a u s e h e m a y f a il t o
y ie l d t o p o p u l a r c l a m o r .
B u t M r. W illia m J . B r y a n , th r ic e th e c a n d id a te of
t h e D e m o c r a t i c P a r t y f o r P r e s i d e n t , w a s a ls o a t t h e
d i n n e r , a n d t h e n e w s p a p e r a c c o u n t s te ll u s t h a t
th e
d i n e r s fe ll u n d e r t h e s p e ll o f h is o r a t o r y in t h e u s u a l
w ay.
H e g lo a te d o v e r th e a d v a n c e to w a rd s ra d ic a lis m
t h a t h a d b e e n m a d e s in c e h e f i r s t r a n f o r t h e P r e s i d e n c y ,
s ix te e n y e a rs a g o .
A fte r lis te n in g to th e r e m a rk s of
M r. G a y n o r a n d of W o o d ro w
M r. B r y a n h a d to sa y :
W i ls o n , h e r e is w h a t
“ I a m g la d o f th e c h a n c e to s p e a k to - n ig h t
b e f o r e a n a u d i e n c e in N e w Y o r k C i t y .
I have
b e e n h e re b e fo re [la u g h te r], b u t n o t u n d e r su c h
f a v o ra b le c o n d itio n s .
O n e of th e s p e a k e rs [M ay o r
G a y n o r ] h a s t o l d u s w h a t J e f f e r s o n w o u ld s a y if h e
w ere h e re .
I a m g l a d lie s a i d w h a t h e d i d .
T hey
u s e d to d r i v e m e f r o m th e s e p r e c i n c t s b e c a u s e I s a id
le s s . I t is g r a t i f y i n g t h a t t h e d a y h a s c o m e w h e n y o u
1083
h a v e p u t a t th e h e a d o f y o u r c ity a m a n n o t so c o n
s e rv a tiv e a s I a m , a n d to h e a r th e m ta lk o f h im fo r
P re s id e n t— w h a t a c h a n g e !
O h, w h a t a change! A nd
t h e n w e h a v e h e a r d w h a t J e f f e r s o n w o u ld d o .
[F ro m
G o v . W i ls o n .] A g a i n I w a s d e l i g h t e d .
“ W ith th e s e tw o r a d ic a ls to p re c e d e m e , h o w c o u ld
y o u r e j e c t m y m o d e r a t e s p e e c h ? A n d is t h i s t h e E a s t ?
A m I liv i n g ?
O r is t h i s a d r e a m — t h e N e w E a s t ?
W ith th e s e tw o s p e e c h e s a p p la u d e d in N e w Y o rk a n d
R o o s e v e lt c a r r y in g P e n n s y lv a n ia tw o to o n e , w h a t
is c o m in g ? ”
M r. B r y a n h e r e a s s u m e s t h a t t h e D e m o c r a t i c v o t e r s
w o u ld t o - d a y t a k e k i n d l y t o t h e d o c t r i n e s w h ic h t h e y
re je c te d in 1896.
I n t h i s , h o w e v e r , h e is m i s t a k e n .
I t is t r u e t h a t M r . R o o s e v e l t h a s a p p r o p r i a t e d a ll M r .
B r y a n ’s o ld d o c t r i n e s a n d h a s g a i n e d a la r g e p o p u l a r
f o llo w in g in s o d o i n g , b u t t h e g r e a t m a s s o f o u r c i t i z e n s ,
g iv e n a c h a n c e t o d e c l a r e t h e m s e l v e s , w o u l d , w e a r e
c e rta in , m o s t e m p h a tic a lly r e je c t su c h e x tre m e d o c
trin e s .
T h a t th o s e p r e s e n t a t D e m o c ra tic b a n q u e ts
g o o d - n a t u r e d l y t o l e r a t e t h e e x p r e s s i o n o f s u c h v ie w s
p ro v e s n o th in g to th e c o n tra ry .
T h e fa c t, h o w e v e r,
t h a t M r. B r y a n a n d o th e r s p la c e a w ro n g c o n s tr u c tio n
u p o n th e e a s y -g o in g a t t i t u d e o f t h e D e m o c r a ts w h o ,
f o llo w in g t h e
c u s to m
of d in e rs , a p p la u d
e v e ry th in g
t h a t h a s a s m a r t r in g to i t , w h e th e r th e y b e lie v e in i t
o r n o t , s h o u l d w a r n t h e t h i n k i n g c i t i z e n o f t h e f o lly
of su c h a c o u rse .
C o m p la c e n c y o f t h a t k in d m a y r e
s u lt in g iv in g t h e c o u n tr y a r a d ic a l D e m o c r a tic n o m in e e
w h e n t h e g r e a t n e e d o f t h e h o u r is a c o n s e r v a t i v e c a n
d id a te , w h o s h a ll s q u a r e ly a n ta g o n iz e M r. R o o s e v e lt.
T o t r a i l b e h i n d t h e R e p u b l i c a n s is a g o o d o ld D e m o
c r a t i c t r a d i t i o n , b u t i n t h e p r e s e n t y e a r i t is g o in g t o
b e a t te n d e d w ith u n u s u a l p e rils fo r th e c o u n tr y .
f a s h io n e d
D e m o c ra ts
o u g h t to
O ld -
e x e r t th e m s e lv e s
to
s e c u r e t h e n o m i n a t i o n o f a D e m o c r a t w h o w ill r e s o
lu te ly s e t h is fa c e a g a in s t e r r o n e o u s p o litic a l a n d e c o
n o m ic d o c t r i n e s .
A s a m e re m a t t e r o f e x p e d ie n c y ,
th is , to o , w o u ld se e m to b e th e b e s t c o u rs e fo r t h a t
p a rty .
I t is o n l y a l o n g s u c h lin e s t h a t t h e D e m o c r a t s
can h o p e fo r su ccess.
T h o s e c itiz e n s w h o f a v o r e x
t r e m e p o l i t i c a l p o lic ie s w ill n a t u r a l l y v o t e f o r t h e m o s t
r a d i c a l c a n d i d a t e w h o m a y b e i n t h e f ie ld .
T h is m e a n s
t h a t t h e r a d i c a l e l e m e n t i n b o t h p a r t i e s w ill v o t e f o r
M r. R o o s e v e l t , s h o u l d b e b e t h e R e p u b l i c a n n o m i n e e ,
fo r n o D e m o c ra tic c a n d id a te c o u ld h o p e to o u td o M r.
R o o s e v e lt in r a d ic a lis m .
O n t h e o t h e r h a n d , i t is t o
t h e c o n s e r v a t i v e v o t e r s in b o t h p a r t i e s t h a t t h e D e m o
c r a t s m u s t t u r n if t h e y w o u l d w i n .
E n o rm o u s n u m
b e r s o f v o t e r s w ill f lo c k t o t h e i r s t a n d a r d if t h e p l a t
f o r m , w i t h t h e m a n s t a n d i n g o n i t , is s a t i s f a c t o r y .
T h e s p e e c h e s a t th e J e ffe rs o n d in n e r a r e d e p re s s in g
b e c a u se th e y su g g e st th a t, th ro u g h a p a th y on th e p a r t
of th e D e m o c ra tic m a sse s a n d
a fa ilu re o n th e ir p a r t
t o a s s e r t t h e m s e l v e s o n b e h a l f o f s o u n d v ie w s , t h e
D e m o c ra tic c a n d id a te m a y n o t b e a m a n of th e r ig h t
c a lib r e , b u t s im p ly a n e c h o o f R o o s e v e lt, B r y a n a n d
H e a rs t.
I t is in t h i s a s p e c t t h a t t h e p o l i t i c a l s i t u a t i o n
is m o s t d i s t u r b i n g .
W e s u p p o s e i t is i n o r d e r t o c o n g r a t u l a t e M r. J . P .
M o rg a n fo r h a v in g c o m p le te d th r e e -q u a rte r s of a c e n
tu ry
o f lif e , h e h a v i n g a t t a i n e d t h a t d i s t i n c t i o n
W e d n e s d a y of th is w eek .
on
I n r e a l i t y , h o w e v e r , i t is
th e p u b lic — in d e e d , th e e n tir e c o m m u n ity of n a tio n s —
t h a t s h o u ld b e c o n g r a tu la te d b e c a u s e o f th e e n o r m o u s
b e n e f i t s e n j o y e d a s a r e s u l t o f h is b e n e f ic e n t a c t i v i t i e s .
T h e r e is t h e f u r t h e r r e a s o n f o r c o n g r a t u l a t i o n t h a t t h e
c o n d i t i o n o f M r . M o r g a n ’s h e a l t h is s u c h a s t o p r o m i s e
a n e x t e n s i o n o f h is c a r e e r o f u s e f u l n e s s t o t h e w o r l d fo r
so m e tim e to
com e.
W e h a z a rd
n o th in g
w hen w e
1084
THE CHRONICLE
s a y t h a t M r . M o r g a n is t h e g r e a t e s t c o n s t r u c t i v e f o rc e
h o p in g
t h a t th is a g e h a s p ro d u c e d .
fu tu re .
m ent and
d e v e lo p m e n t
In an e ra of a d v a n c e
w h i c h lia s y i e l d e d
so m a n y
[VOL. L XXXXIV .
th a t
it
c o n ta in s
som e
le a v e n
fo r
th e
H e p r o n o u n c e s t h e S h e r m a n la w
near
“ o n ty a n
a t t e m p t t o c u r b t h e s e lf is h n e s s o f b u s i n e s s t h a t h a d
t r u l y p r o g r e s s i v e m e n — so m a n y “ e m p i r e b u i l d e r s ” in
b een p am p ered
th e f u lle s t s e n s e o f t h e w o rd — h e e a s ily s ta n d s o u t a s th e
have
m o s t c o m m a n d i n g f ig u r e o f t h e t i m e .
a m e n d e d t o a p p l y o n l y “ t o b u s i n e s s f o s t e r e d b y s p e c ia l
th e s e
m en
o f p r o g r e s s w o u ld
E v e r y o n e of
v o lu n ta rily
y ie ld
firs t
p l a c e t o M r . M o r g a n f o r h is w o n d e r f u l a c h i e v e m e n t s .
th is
b y th e
and
p r iv ile g e .’
e v e ry
G o v e rn m e n t,” a n d
o t h e r la w
h e w o u ld
c o n c e rn in g b u s in e s s
H is s o le t e s t w o u ld b e : “ D o e s t h e b u s i n e s s
in q u e s t i o n r e c e iv e G o v e r n m e n t p r o t e c t i o n a n d a s s i s t
H is a c tiv itie s h a v e b r o a d e n e d w ith t h e g r o w th o f
t h e c o u n t r y , a n d h is r e s o u r c e f u l n e s s h a s b e e n a m a r v e l
ance?”
I f s o , h e w o u ld r e g u l a t e i t ; if n o t , h e w o u ld
le a v e it to u n tr a m m e le d d e s tin y , u n d e r th e in e x o ra b le
t o h is c o n t e m p o r a r i e s .
la w s
E a r l y in h is b a n k i n g life h e
w a s o f g r e a t s e r v ic e t o
p u b lic lo a n s .
of s u p p ly
and
dem and.
T h is
re a s o n a b le
d is
t h e G o v e r n m e n t i n f lo a t i n g
tin c tio n h a s b e e n o v e rw h e lm e d , a s a n y b o d y c a n se e,
W h a t h e h a s a c c o m p lis h e d fo r t h e r a il
u n d e r th e e m o tio n a l d e m a n d t h a t G o v e rn m e n t s h a ll
r o a d s o f t h e c o u n t r y i t w o u ld t a k e v o l u m e s t o r e l a t e .
m ake
W h e n th e ro a d s w e re a t w a r, a n d w ere th e re b y im p a ir
b een d rag g e d
in g t h e i r r e s o u r c e s , h e c o m p e ll e d p e a c e .
i t is “ a f f e c te d w i t h a p u b l i c i n t e r e s t ; ” a n d t h e lo g ic a l
O n e o f h is
life
sm o o th e r.
For
e x a m p le ,
in s u ra n c e
has
in u n d e r t h e m i s c h i e v o u s e x c u s e t h a t
s p u r s o f t h a t k in d h e w o n w a y b a c k in th e tim e o f th e
c o n c lu s i o n w h ic h w ill a p p a r e n t l y u p s e t t h e w h o le a t
t r u n k - l i n e s e t t l e m e n t in 1 8 8 4 .
t e m p t b y i t s i n t o l e r a b l e w e i g h t is t h a t e v e r y b u s i n e s s
W h e n th e ro a d s w ere
in n e e d o f n e w c a p ita l to c a r r y th r o u g h th e ir sc h e m e s
s h a ll b e G o v e r n m e n ta lly
of e x te n s io n a n d d e v e lo p m e n t, h e b ro u g h t th e m o n e y
t h e y g o t in v o l v e d i n f i n a n c i a l d i f f i c u l t i e s , h is w a s t h e
e v e r y t h i n g s h a l l b e f a i r a n d a ll t h e p e o p l e c o n t e n t .
M r. S a t t e r l e e ’s o w n d e s c r i p t i o n o f w h a t “ s h o u l d b e
r e g u l a t e d b y t h e G o v e r n m e n t a s l o n g a s i t is p r o t e c t e d ”
h e lp in g h a n d
s o lv e n c y .
s e e m s t o u s b r o a d e n o u g h t o t a k e in e v e r y t h i n g e x c e p t
d is c re d ite d ra ilro a d
a g r i c u l t u r e . A n d w h a t is i t t o b e “ p r o t e c t e d ” ? T h e g r e a t
m a r k e ts o f A m e ric a a n d E u r o p e to th e ir a id .
th a t
b r o u g h t th e m
back
A s a re o rg a n iz e r of b a n k r u p t a n d
to
W hen
re g u la te d ,
to
th e e n d
th a t
p ro p e rtie s , h e h a s a re c o rd of a c h ie v e m e n t t h a t h a s n o
“ p r i v i l e g e ” t a x o f 1 9 0 9 (so c a l l e d ) is fo llo w e d b y p r o p
p a r a l l e l in t h e w o r l d ’s h i s t o r y .
o s it io n s w h ic h w o u ld m a k e o u t n e a r l y e v e r y t h i n g t o b e
A s a c o n s p ic u o u s il
lu s t r a tio n , h e to o k u p th e ta s k o f re o r g a n iz in g th e
p r o p e r tie s t h a t go to m a k e u p th e p r e s e n t S o u th e r n
“ under
R a ilw a y - s y s te m , a f te r s e v e ra l p r e v io u s a t te m p ts b y
o th e rs
had
h o p e le s s .
been
In
m ade
and
th e
ta s k
abandoned
m o re re c e n t y e a rs , h e h a s tu r n e d
a c t i v i t i e s i n t o t h e i n d u s t r i a l f ie ld .
as
h is
T h e U n ite d S ta te s
p ro te c tio n
or
a s s is ta n c e ,”
and
M r. S a t t e r l e e ’s n o t i o n o f o r g a n i z i n g l a b o r “ i n s e p
a r a te a s s o c ia tio n s u n d e r G o v e r n m e n t a u s p ic e s ,” a n d
h a v in g e a c h a s s o c ia tio n “ p a y its a n n u a l F e d e r a l ta x
o n t h e a g g r e g a t e e a r n i n g p o w e r o f i t s m e m b e r s , ” is
a n i n t e r e s t i n g o n e , b u t i t w ill b e v i g o r o u s l y o u t o f
S t e e l C o r p o r a t i o n is a m o n u m e n t t o h i s g e n i u s .
I n a l l o f h is u n d e r t a k i n g s a n d e n d e a v o r s h is p o lic y
h a s in v a r ia b ly b e e n a b r o a d a n d e n lig h te n e d o n e .
G o v ern m e n t
th e re fo r e s u b je c t to a t a x o f t h e p riv ile g e o f e x is te n c e .
F u ll
a g re e m e n t w ith th e la b o r u n io n n o tio n (la rg e ly s h a re d
b y m e n n o t o r g a n iz e d )
t h a t ta x e s a re fo r th e ric h .
p u b l i c i t y r e g a r d i n g t h e a f f a ir s o f t h e c o r p o r a t i o n s w i t h
H is m o d e l c a n n o t, o f c o u rs e , b e ta k e n u p s e rio u s ly b y
w h ic h h e h a s b e e n id e n tifie d h a s
i te m s ,' b u t i t s g r e a t e s t d e f e c t is t h a t “ G o v e r n m e n t ”
tu r e o f s u c h p o lic y .
b e e n a c a rd in a l fe a
K n o w in g t h a t t h e c o u n tr y p o s
ru n s rig h t th ro u g h it fro m e n d to e n d .
Y e t, a s h e h a s
b o u n d le s s , a n d h e h a s e v e r b e e n p r e p a re d to s ta k e
w r i t t e n i t , i t is a l m o s t a s u n l i k e t h e r h e t o r i c a l c r ie s o f
t h e d a y a s J e f f e r s o n i a n d e m o c r a c y is u n l i k e w h a t n o w
c l a im s t h a t t i t l e .
h is a ll o n t h a t b e l ie f .
N o p e t t y a c t s h a v e m a r k e d h is
ca re e r.
H e h a s n e v e r th riv e n o r s o u g h t to th riv e
m a k e r s in s e e e k i n g s u c c e s s .
se sse d u n lim ite d n a t u r a l re s o u rc e s , w ith a th r i f t y p o p u
l a t i o n , h is f a i t h in i t s p r o g r e s s a n d f u t u r e h a s b e e n
a t th e e x p e n se of o th e rs .
H e h a s a lw a y s b e e n e n g a g e d
in b u i l d i n g u p , n e v e r in t e a r i n g d o w n .
a n d th e c a p ita lis t a re g a in e rs
and
g la d ly
T h e in v e s to r
b y r e a s o n o f h is w o r k ,
a c k n o w le d g e th e i r in d e b te d n e s s to
h im .
T h e p la tf o rm - m a k e r s a re o n e w ith
th e c a n d id a te -
T h e m i s t a k e o f b o t h is
lik e ly t o b e i n c o n s i d e r i n g t h e d r i f t a t t h e s u r f a c e t h e
s a m e a s t h e s lo w m o v e m e n t o f t h e d e p t h s .
It m ay
s e e m t o t h e m t h a t s u c c e s s t h i s y e a r w ill g o w i t h t h e
w il d e s t
p ro p o s itio n s ,
th e
m ost
T h e i n d e b t e d n e s s o w in g t o h i m b y t h e p u b l i c w ill p e r
s tre tc h e s
h a p s b e m o r e g r u d g i n g l y a d m i t t e d in t h i s a g e o f r a d i
t a k i n g , a n d t h e l o u d e s t n o is e .
of
G o v e rn m e n ta l
v io le n t
re g u la tio n
a d d itio n a l
and
u n d e r
c a l p o l i t i c s a n d d e m a g o g is m , b u t h is p l a c e in h i s t o r y
T h i s o v e r lo o k s t h e s i l e n t v o t e a n d a s s u m e s t h a t t h e
is s e c u r e , a n d f u t u r e g e n e r a t i o n s w ill r a t e h i m a s p e r
g r e a t m a jo r ity o f t h e e le c to r a te a r e e a g e r ly r u s h in g
a b o u t f o r n e w t h i n g s a n d f o r p r o m is e s w h ic h w ill o u t d o
h a p s t h e m o s t p o t e n t f a c t o r in t h e c o u n t r y ’s i n d u s t r i a l
advance
d u rin g
th e
p e rio d
w hen
o n ly
a
d o m in a n t
a n y t h i n g y e t o f f e r e d ; t h a t e v e r y t h i n g lie s in t h e d e g r e e
g e n iu s c o u ld g r a p p le w ith its n e e d s a n d w a s f itte d to
of
c o n tro l its d e s tin ie s .
c h o ic e ; i t c o n t a i n s n o r e a l is s u e .
ra d ic a lis m .
T h is
o ffe rs
no
a lte rn a tiv e
and
no
W e b e l ie v e i t is a
w r o n g a s s u m p t i o n , a n d t h a t if t h e l e a d e r s w e r e s h r e w d
M r.
H erb ert
L . S a tte rle e
has
p re s e n te d
an
open
l e tte r to th e p la tfo rm -m a k e rs of th e tw o g r e a t p a r tie s ,
a c c o m p a n ie d
by
a
s u g g e s te d
m odel
p la tfo rm .
e n o u g h to a p p e a l to s o b e r se n se b y a d e c e n t c o n s e rv a
t i s m , t h e y w o u ld f in d t h e s i l e n t v o t e s t i l l p o t e n t .
He
c o r r e c tly n o te s t h a t t h e o v e r la p p in g is n o w s u c h t h a t
t h e r i g h t w in g o f e a c h p a r t y is n e a r e r t h e r i g h t o f t h e
F u rth e r
e x p a n s io n
in
th e
v o lu m e
of
th e
c o m m e r c e o f t h e U n i t e d S t a t e s is t h e s a l i e n t
f o r e ig n
fe a tu re
o t h e r t h a n t o i t s o w n l e f t ; h e is s u r e n o p o s s i b le p l a t
o f t h e o ffic ia l t r a d e s t a t e m e n t f o r M a r c h i s s u e d t h i s
f o rm c a n u n ite a ll f r a c tio n s , a n d p r e d ic ts t h a t to m a k e
w eek.
o n e o n w h i c h o n l y t h e m a n w h o is t h e c h o ic e o f t h e
fo r th e p e rio d .
p a r t y m a c h i n e c a n s t a n d w ill i n c u r t h e r i s k o f s e n d i n g
to ta l.
n e a r ly o n e -h a lf t h e v o te r s t o t h e o th e r c a n d id a te .
H i s m o d e l is n o t b r i e f , a n d i t h a s t h e e s s a y f o r m
so c h a ra c te ris tic of p la tfo rm s in th e s e d a y s .
l e t t e r i t fills n e a r l y a p a g e o f t h e “ T i m e s . ”
W i t h h is
I t is a n
i d e a l i t y a t p r e s e n t b a r r e n , y e t h e m a y b e r e a s o n a b l e in
T h e e x p o r t t o t a l is b y f a r a n e w h ig h r e c o r d
T h e i m p o r t s f a ll b e lo w t h e M a rc h 1 9 1 0
T h e i n c r e a s e in t h e e x p o r t s , h o w e v e r , is i n l a r g e
p a r t d u e t o t h e h e a v y s h i p m e n t s o f c o t t o n , t h e o u tf lo w
o f t h a t c o m m o d i t y f a r e x c e e d i n g t h a t o f M a r c h 1911
o r th e c o r r e s p o n d in g m o n th o f a n y p r e c e d in g y e a r a s
r e g a r d s q u a n t i t y , a n d m o r e t h a n d o u b l i n g l a s t y e a r ’s,
v a lu e , n o tw ith s ta n d i n g
th e
m uch
lo w e r p r i c e s
now
A
pr
r u lin g .
. 2 0 1912,1
In
THE
a d d itio n ,
i t is e n c o u r a g i n g t o
f in d
C H R O N IC L E
1 0 8 5
th a t
1 h e M e x ic a n s i t u a t i o n , w h ile i t h a s b e e n v e r y l a r g e l y
m a n u f a c t u r e s , & c ., f r o m w h i c h , l a t t e r l y , m u c h o f
o u r in c r e a s e i n e x p o r t s h a s c o m e , s h o w a g a i n o f 14
o v e rs h a d o w e d b y th e u n f o r tu n a te o c e a n d is a s te r, h a s
m il lio n s o v e r M a r c h 1 9 1 1 .
T h e a g g re g a te m e rc h a n d is e
S u n d a y a n o te of w a rn in g w a s s e n t b y th e S ta te D e
e x p o r t s f o r t h e m o n t h o f 8 2 0 5 ,3 3 2 ,9 3 8 a r c g r e a t e r b y
p a r t m e n t t o P r e s i d e n t M a d e r o a t M e x ic o C i t y a n d t o
4 3 % m il lio n s t h a n i n 1911 a n d (31% m il lio n s i n e x c e s s
of 1910.
F o r t h e n i n e m o n t h s o f t h e fis c a l y e a r
O r o z c o , t h e r e b e l c h ie f , c a l l i n g a t t e n t i o n t o t h e e n o r
re a c h e d w h a t se e m s to b e a h ig h ly c ritic a l s ta g e .
On
m o u s p r o p e r t y lo s s e s s u s t a i n e d b y A m e r i c a n s in M e x ic o
1 9 1 1 -1 2 , t h e o u tf lo w o f a ll c la s s e s o f c o m m o d i t i e s ,
r e a c h i n g a t o t a l o f S I ,7 1 1 ,3 2 9 ,7 3 3 , is a ls o o f g r e a t e r
s iz in g t h e b r u t a l t r e a t m e n t a n d m u r d e r o f A m e r i c a n
m a g n i t u d e t h a n e v e r b e f o r e f o r t h e lik e p e r i o d , a n d
c itiz e n s .
e x c e e d s 1 9 1 0 -1 1 b y 115 m il lio n s o f d o l l a r s .
w as f o rm u la te d a t a C a b in e t m e e tin g o n W e d n e s d a y ,
T h e m e r c h a n d i s e i m p o r t s f o r M a r c h 1 9 1 2 a t 815(3,-
a s a re s u lt o f th e p r e s e n t d is tu rb a n c e s a n d e m p h a
I n t h e M e x ic a n G o v e r n m e n t ’s r e p l y , w h ic h
(325,083 e x c e e d e d t h o s e o f 1911 b y a l i t t l e o v e r 1 7 %
t h e M e x ic a n G o v e r n m e n t r e f u s e d t o r e c o g n iz e o u r
r i g h t t o i n s t r u c t i t in i t s d u t i e s in i t s o b s e r v a n c e o f
m il lio n s , b u t w e r e 6 % m il lio n s b e lo w t h o s e o f
in te rn a tio n a l
t h e r e c o r d f o r a n y s in g l e m o n t h .
1910—
F o r th e n in e m o n th s
s in c e J u l y 1 1911 t h e i m p o r t a g g r e g a t e a t $ 1 ,2 0 3 ,1 1 3 ,
137 is t h e h i g h - w a t e r m a r k f o r t h e p e r i o d , i t b e i n g
4 8 % m illio n s o v e r 1 9 1 0 -1 1 a n d 19 m il lio n s o v e r 1 9 0 9
10.
T h e n e t r e s u l t o f o u r f o r e ig n t r a d e f o r M a rc h is a
m e r c h a n d i s e e x p o r t b a l a n c e o f 8 4 8 ,7 0 7 ,8 4 5 , i n c r e a s i n g
la w .
The
M e x ic a n
G o v ern m e n t
a ls o
e x p re s s e d r e g r e t t h a t a n id e n tic a l n o te s h o u ld h a v e
b e e n s e n t to
O ro z c o .
F o ll o w i n g is t h e t e x t o f t h e
t e l e g r a m , w h ic h w a s s ig n e d b y H u n t i n g t o n W i ls o n ,
A c tin g S e c r e ta r y of S ta te , a n d a d d re s s e d to H e n r y
L a n e W i ls o n , t h e A m e r i c a n A m b a s s a d o r , o f M e x ic o
C ity .
to 8 5 0 8 ,2 1 (3 ,5 9 6 t h e b a l a n c e f o r t h e e l a p s e d p o r t i o n o f
t h e fis c a l y e a r .
1 h is is G 6 % m il lio n s a b o v e t h e b a l a n c e
f o r t h e n i n e m o n t h s o f 1 9 1 0 -1 1 , a n d e x c e e d s a ll e a r l i e r
y e a r s e x c e p t 1 9 0 0 -0 1 a n d 1 9 0 7 -0 8 .
F u r t h e r g o ld e x p o r t s d u r i n g M a r c h , m a i n l y t o F r a n e e
a n d S o u t h A m e r i c a , b u t m o s t l y l a r g e l y to t h e f i r s t n a m e d c o u n t r y , w e r e o n l y in p a r t o f fs e t b y t h e i m p o r t s
of t h e m e t a l , o f w h ic h M e x ic o f u r n i s h e d t h e g r e a t e r
p a rt.
T h e n e t o u t w a r d flo w w a s 8 3 ,1 1 7 ,9 1 1 , i n c r e a s
in g t o 8 7 ,8 0 3 ,2 4 5 t h e b a l a n c e o f e x p o r t s f o r t h e n i n e
m o n t h s o f 1 9 1 1 -1 2 .
T h i s l a t t e r c o n t r a s t s w i t h n e t g o ld
i m p o r t s o f 8 4 8 ,1 8 7 ,6 0 9 in 1910-11 a n d n e t e x p o r t s o f
8 4 6 ,4 4 2 ,8 3 3 in 1 9 0 9 -1 0 .
Im m ig r a tio n d u r in g th e firs t q u a r t e r of 1912 w a s
u p o n a r e s t r i c t e d s c a le , f a l l i n g b e h i n d t h e m o v e m e n t f o r
t h e s i m i l a r p e r i o d o f e i t h e r 1911 o r 1 9 1 0 .
T h i s is i n d i
c a t e d n o t o n l y b y t h e o f fic ia l f ig u r e s f o r J a n u a r y f o r t h e
w h o le c o u n t r y , m a d e p u b l i c t h i s w e e k , b u t b y t h e r e
t u r n s w h ic h w e h a v e c o m p ile d f o r t h e p o r t o f N e w Y o r k
fo r th e m o n th s of F e b r u a r y a n d M a rc h .
D u rin g th e
c lo s in g d a y s o f M a r c h , h o w e v e r , t h e r e w a s a n o t i c e a b l e
in c r e a s e in t h e in f lu x o f s t e e r a g e p a s s e n g e r s , a n d s in c e
A p ril o p e n e d t h e a r r i v a l s h a v e b e e n o n a r a t h e r f re e
s c a le ,
'f l i c l a t e s t o f fic ia l s t a t e m e n t a t h a n d , a s i n t i
m a t e d a b o v e , c o v e r s t h e m o n t h o f J a n u a r y 1 9 1 2 , in
w h ic h m o n t h t h e n u m b e r o f a l ie n s a d m i t t e d w a s 4(3,820
( m a d e u p o f 3 8 ,4 5 3 i m m i g r a n t s a n d 8 ,3 6 7 n o n - i m m i
g ra n ts );
t h i s c o m p a r e s w ith 4 3 ,6 0 4 in t h e c o r r e s p o n d
in g p e r i o d o f 1911 a n d 5 7 ,4 7 2 in 1 9 1 0 .
F o r th e se v en
m o n t h s o f t h e fis c a l y e a r 1 9 1 1 -1 2 ( J u l y 1 t o J a n . 3 1 )
t h e t o t a l a r r i v a l s w e r e v e r y m u c h le s s t h a n f o r e i t h e r
1 9 1 0 -1 1 o r 1 9 0 9 -1 0 , c o m p a r i s o n b e i n g b e t w e e n 4 8 3 ,4 1 3
a n d 5 7 2 ,9 8 3 a n d 5 6 1 ,4 1 5 .
T h e in f lo w t h u s f a r in t h e
c u r r e n t fis c a l y e a r w a s m o s t l a r g e l y f r o m I t a l y , b u t t h e
in f lu x o f H e b r e w s , G e r m a n s , P o le s a n d
a ls o r e l a t i v e l y l a r g e .
E n g lis h w a s
A g a i n s t t h e s e a l ie n a r r i v a l s t h e m o v e m e n t o f s t e e r a g e
p a sse n g e rs fro m th e c o u n try d u rin g th e se v e n m o n th s
o f 1 9 1 1 -1 2 w a s m u c h m o r e e x t e n s i v e t h a n in a n y v e r y
r e c e n t y e a r , a n d a l m o s t a s g r e a t a s in 1 9 0 7 -0 8 , w h e n
d e p r e s s io n h e r e s e r v e d t o g r e a t l y a u g m e n t t h e t e m
p o r a r y e f f lu x o f t h e l a b o r e l e m e n t .
T h e o u tf lo w f o r
t h e e l a p s e d p o r t i o n o f t h e c u r r e n t fis c a l y e a r a p p r o x i
m a t e d , in f a c t , n o le s s t h a n 4 0 0 ,0 0 0 , a g a i n s t 3 0 5 ,7 6 3 in
1 9 1 0 - 11; c o n s e q u e n t l y , t h e n e t g a i n in t h e f o r e i g n - b o r n
p o p u l a t i o n o f t h e U n i t e d S t a t e s f o r t h e s e v e n m o n t h s in
1 9 1 1 - 12 is f o u n d t o h a v e b e e n o n l y
8 3 ,4 1 3 , a g a i n s t
2 6 7 ,2 2 0 in 1 9 1 0 -1 1 a n d 3 4 5 ,3 0 8 t w o y e a r s a g o .
You will immediately communicate the following to the
Minister of Foreign Affairs:
1he enormous destruction, constantly increasing, of valu
able American properties in the course of the present un
fortunate disturbances; the taking of American life contrary
to the principles governing such matters among all civilized
nations, the increasing dangers to which all American citi
zens in Mexico are subjected, and the seemingly possible in
definite continuance of this unfortunate situation, compel
the Government of the United States to give notice that it
expects and must demand that American life and property
within the Republic of Mexico be justly and adequately
protected, and that this Government must hold Mexico and
the Mexican people responsible for all wanton or illegal acts,
sacrificing or endangering American life or damaging Ameri
can property or interests there situated.
Meanwhile it should be apparent to all sections of the Mexi
can people that those who spread baseless rumors or provoke
just resentment by attacks upon Americans or other foreign
persons or property are working against the best interests
and the honor of their country, for which the United States
is known to hold,and in the present grave situation is mani
festing, the greatest and most sincere friendship, and are
seeking for their own selfish ends to burden the future of
their countrymen with heavy obligations of enormous dam
ages for their wrongful acts.
IIow strongly the Government of the United States depre
cates even the very few cases of participation by its citizens
in the present insurrectionary disturbances is well known to
the people of Mexico, and was shown by the President’s
proclamation of March 2 and the various other acts of this
Government looking to the same end.
The Government of the United States must insist and
demand that American citizens who may be taken prisoners,
whether by one party or the other, as participants in the
present insurrectionary disturbances, shall be dealt with in
accordance with the broad principles of equitable justice
and humanity, as well as in accordance with the principles
of international law which may be involved and to which the
people of Mexico have given their assent and adherence in
numerous international engagements. This Government
must hold the Mexican people strictly responsible for any
departure from such principles.
Notwithstanding press reports that certain Mexican
officers have announced a contrary policy, the Government
of the United States has every confidence in the disposition
of the Government of Mexico in the premises, and must re
quest that appropriate instructions be immediately issued
to the proper military officers and officials in the sense
indicated.
Letcher reports receiving a letter from Orozco which
states that in view of the non-recognition of their belliger
ency on the part of the United States, the insurrectionary
heads would refuse to recognize consular representatives of
the United States, and that henceforth he should not address
the military insurrection on behalf of this Government.
The Department is sending Letcher a copy of the above
instructions and is directing him to deliver it to Orozco with
a statement that it sets forth the attitude which must be
THE CHRONICLE
1086
assumed by the Government, and directing him to make
further representations as follows:
The Government and people of the United States have
viewed with grave concern the practical murder under the
positive order < ( one of your chief lieutenants of an American
citizen, who is reported to have been taken prisoner during
or at the end of a regular engagement, the prisoner said to
have been dressed in regulation uniform and obviously one
of the regular forces of the established Government of Mexico.
The Government of the United States must insist, in so
far as the treatment of American citizens taken prisoners by
whatever force is concerned, that the rules and principles
accepted by civilized nations as controlling their actions
in time of war shall be followed and observed; and the Gov
ernment of the United States must give notice that any devi
ation from such a course, and indeed any maltreatment of
any American citizens, will be deeply resented by the Ameri
can Government and people, and must be fully answered
for by the Mexican people, thus tending to avoid difficulties
and obligations which it is to the interest of all true Mexican
patriots, as it is the desire of the United States, to avoid.
You will also call this to the attention of the Minister of
Foreign Affairs and will at the same time point out that the
press reports received here state that Gen. Villa has threat
ened that if Orozco murders American citizens taken prison
ers from the Federals he will retaliate by murdering American
citizens taken prisoners from the rebels. You will, while
pointing out the utter inhumanity of such action, call atten
tion to the fact that retaliation, if it be invoked by the Fed
eral forces, should certainly never be used against American
citizens.
T h e im m e d ia te c a u s e of th is w a rn in g w a s th e s h o o t
[V O L . L X X X X I V .
o r d e r , b u t w o u ld
c o n s id e r i t
a d e c la ra tio n
of w ar.
“ P a s s p o r t s w o u ld i m m e d i a t e l y b e h a n d e d t o A m b a s s a
d o r W ils o n ,” h e s a id .
I t seem s q u ite e v id e n t th a t
P r e s i d e n t M a d e r o is m a k i n g c o n s i d e r a b l e c a p i t a l o u t
of th e A m e ric a n n o te .
O n e d i s p a t c h f r o m M e x ic o C i t y
s t a t e s t h a t h e is a r r a n g i n g “ t o r a i s e $ 1 0 ,0 0 0 ,0 0 0 t o
p re p a re
M e x ic o
S ta te s .”
a g a in s t a n
in v a s io n
of th e
U n ite d
T h i s s t a t e m e n t is a s c r i b e d t o t h e S e c r e t a r y
to th e P re s id e n t, w h o m a d e it as a d ire c t q u o ta tio n
fro m
M a d e ro .
s h o w in g
M e a n w h ile
c o m m e n d a b le
our
ow n
G o v e r n m e n t is
fo rb e a ra n c e ,
but
is
e v e ry p re p a ra tio n fo r w h a te v e r m a y o c c u r.
m a k in g
T h e m il i
t a r y d e v e l o p m e n t s i n M e x ic o a s b e t w e e n t h e M a d e r o
fo rc e s a n d th e r e v o lu tio n is ts th is w e e k h a v e n o t b e e n
im p o r ta n t.
T h e n e w s t h a t t h e I t a l i a n w a rs h ip s h a d a tta c k e d t h e
o u t e r f o r t s o f t h e D a r d a n e l l e s o n T h u r s d a y f o llo w s v e r y
c lo s e ly o f f ic ia l s t a t e m e n t s t h a t t h e P o w e r s h a d t a k e n
th e firs t s te p to e n d e a v o r to b rin g a b o u t m e d ia tio n
b e tw e e n T u rk e y a n d I ta l y .
T h is s u g g e s ts t h a t t h e
I t a l i a n s a r e m a k i n g a f in a l e f f o r t t o s e c u r e a n a d v a n
t a g e o u s p o s i t i o n i n t h e n e g o t i a t i o n s t h a t w o u ld n a t u r
a lly
re s u lt.
C a b le
d is p a tc h e s
fro m
C o n s ta n tin o p le
r e p e a t a n “ o f fic ia l a n n o u n c e m e n t ” t h a t t w e n t y - s e v e n
Ita lia n
w a rs h ip s o n T h u r s d a y
b o m b a rd e d
th e fo rts
K ilid -u l-B a h r a n d S e d d -u l-B a h r, a t th e e n tra n c e of th e
i n g o n O r o z c o ’s o r d e r s o f a n A m e r i c a n c a p t u r e d in
D a r d a n e lle s , fo r th r e e a n d a h a lf h o u r s .
M e x ic a n u n i f o r m a f t e r o n e o f t h e g u e r i l l a e n g a g e m e n t s
w ith d re w
in th e N o rth .
T h e T u rk ish P a rlia m e n t w as o p en e d o n T h u rs d a y a n d
t h e S u lta n , in h is o p e n in g s p e e c h , r e f e r rin g to t h e w a r
in T rip o li, s a id : “ W e d e s ire p e a c e , b u t t h a t p e a c e m u s t
O r o z c o h a d a l s o r e f u s e d t o r e c o g n iz e
t h e a u t h o r i t y o f o u r C o n s u l, M r . L e t c h e r , i n C h i h u a
h u a , b e c a u s e w e r e f u s e d t o r e c o g n iz e t h e b e l l i g e r e n c y
o f t h e i n s u r r e c t o s . T h e M e x ic a n r e p l y , a f t e r r e v ie w in g
t h e d e m a n d s t h a t A m e r i c a n lif e a n d p r o p e r t y b e
r e s p e c t e d , fo llo w s :
The Mexican Government is perfectly acquainted with its
duty.
Neither word nor deed warrants doubt of our sincerity or
of our adhesion to international privileges. Your Govern
ment has realized our adherence to such principles and the
Mexican Government certainly cannot recognize the right
of your Government to give us instruction as to the method in
which we should perform our duty, especially since no act
of our Government has been in violation of international
rights.
Our Government certainly cannot undertake the responsi
bility for acts committed in those sections beyond our control.
The American Government can be assured of our intention
to adhere to and to make our people respect international
principles in regard to Americans captured by our troops,
and although we have no data which induces us to believe
that our officers declare they will execute Americans sum
marily, we have, nevertheless, ordered them to treat foreign
prisoners according to the laws of Mexico and international
practice.
The Mexican Government and people lament the fact that
some sections have uprisen and we hope to subdue them at
an early date. We are far from disclaiming responsibilities
accruing under international practices which all govern
ments must respect, but we certainly disclaim and always
will disclaim other responsibilities.
We don’t believe your Government intends making us
responsible for acts not included in such principles.
Our Government notes the communication sent to Orozco
and laments that your Government saw a necessity for
treating with the rebel leader, who is responsible for his
treason only to the Mexican Government. This Government
and people cannot, therefore, be responsible for any acts
Orozco commits, according to the communication sent to
him by your Government. The Mexican Government re
grets exceedingly that your Government should have sent to
Orozco an identical note with that to which I have the honor
to reply.
I n a n in te rv ie w P e d r o L a s c u r a in , M in is te r of F o re ig n
w ith o u t
h a v in g
done
T h e y th e n
im p o rta n t
dam age.
b e o n t h e c o n d i t i o n o f a n e f f e c tiv e a n d i n t e g r a l m a i n
t e n a n c e o f o u r s o v e r e ig n r i g h t s . ”
T h e P o rte h a s p ro
c l a im e d a b l o c k a d e o f t h e D a r d a n e l l e s , a n d h a s n o tif ie d
t h e f o r e ig n P o w e r s t h a t t h e S t r a i t s h a v e b e e n m i n e d .
T h e r e p r e s e n t a t i v e s o f t h e f o r e ig n P o w e r s o n W e d n e s
d a y p r e s e n te d a n id e n tic a l n o te to th e T u r k is h F o re ig n
M i n i s t e r , A s s im B e y , a t h i s p r i v a t e r e s i d e n c e . T h e
s u b s ta n c e of th e c o m m u n ic a tio n w a s t h a t , h a v in g
a s c e rta in e d th e I t a l ia n c o n d itio n s o f p e a c e , th e P o w e rs
d e s i r e t o k n o w T u r k e y ’s t e r m s .
T h e F o re ig n M in is te r
a s k e d f o r t i m e t o f o r m u l a t e h is r e p l y , t h o u g h , a c c o r d in g
t o C o n s t a n t i n o p l e a d v i c e s , i t is p r a c t i c a l l y c e r t a i n t h a t
T u r k e y w ill d e c lin e t o e n t e r i n t o n e g o t i a t i o n s
on th e
b a s is o f th e I t a l i a n p r e te n s io n s .
T h e B r i t i s h P a r l i a m e n t is n o w c o n c e r n e d w i t h t h e
d e b a t e o n t h e H o m e R u l e B i ll, w h i c h p a s s e d i t s f i r s t
r e a d i n g in t h e H o u s e o f C o m m o n s o n T u e s d a y n i g h t b y
a v o te of 360 to 2 66.
B e fo re th e v o te B o n a r L a w ,
s u m m in g u p fo r th e ^ O p p o s itio n , s a v a g e ly a s s a ile d b o th
t h e b ill a n d t h e G o v e r n m e n t .
H e d e c la re d t h a t p e o p le
o f U ls te r w e re r e a d y in w h a t th e y b e lie v e d to b e th e
c a u s e o f l i b e r t y a n d j u s t i c e t o l a y d o w n t h e i r liv e s .
“ Y ou
w ill n o t , ”
he
s a id ,
s u b m ittin g i t to th e p e o p le .
w ill
succeed
m a c h in e .
o n ly
in
“ c a rry
th is
b ill
w ith o u t
I f y o u t r y to d o so y o u
b re a k in g
th e
P a rlia m e n ta ry
T h e b illfh a s b e e n in tro d u c e d b e c a u s e th e
G o v e r n m e n t is d e p e n d e n t u p o n t h e I r i s h v o t e . ”
N o t
w ith s ta n d in g th is se v e re c ritic is m , th e v o te w a s a v e ry
s a tis fa c to ry
o n e to th e G o v e rn m e n t.
S e c r e ta r y of S ta te K n o x r e tu r n e d to W a s h in g to n o n
W ednesday
a fte r
h is j o u r n e y
of m o re
th a n
1 0 ,0 0 0
m il e s , v i s i t i n g t h e C a r i b b e a n r e p u b l i c s a s t h e s p e c ia l
re p re s e n ta tiv e of P re s id e n t T a f t.
I n a n in te r v ie w h e
e x p r e s s e d h im s e lf a s w e ll p l e a s e d w i t h h is t r i p .
By
R e l a t i o n s , s a i d t h a t M e x ic o w o u ld n o t c o n s i d e r i n t e r
p e rs o n a l c o n ta c t w ith th e h e a d s of th e g o v e rn m e n ts h e
v e n tio n a n e f f o rt o n t h e p a r t o f A m e ric a n s to r e s to r e
h a s v i s i t e d , M r . K n o x b e l ie v e s h e h a s b e e n a b l e , p a r -
A pr . 20 1912.
T H E C H R O N IC L E
tially at least, to counteract influences, actuated by
selfish motives, that have operated to perpetuate mis
rule by misrepresenting the attitude of the State
Department toward these countries. The Secretary
declined to comment upon the results his mission might
have except to make the single prediction that if the
Senate would ratify the Nicaraguan loan convention,
then that particular country would be instantly bene
fited and take on new economic and political life. In
view of the press reports that have been received during
Mr. K nox’s absence, it is interesting to read that Mr.
K nox regards it as “ most gratifying to observe the
genuine friendliness toward, and interest in, the people
of the United States in all the countries I have visited
and the warmth of its manifestation when the real
purpose of my mission was appreciated. In no country
was our reception one of mere formal courtesy. We
left each country with the firm belief that we were
better understood when we left than when we came,
and that the almost indescribably bountiful hospitality
and kindness showered upon us reflected a sentiment
as cordial as it was genuine toward the country and the
people whom were presented.” Mr Knox further said
that in view of the repeated and emphatic announce
ments of the Monroe Doctrine at all periods in our his
tory and by all shades of domestic political opinions,
and the emphasis which seems to have been given to
that doctrine by the extreme care the Senate recently
took to prevent the possibility of any phase of its asser
tion being submitted to arbitration, he was more than
ever convinced of the logic and wisdom of our helping
the weaker republics to help themselves to avoid
specific conditions where we might be embarrassed
by its assertion. The almost incalculable native
wealth of the Caribbean countries, the great variety
and beauty of scenery and the salubrity of climate
were the physical conditions that most impressed the
Secretary and his party. With political and financial
stability in such countries and under the benevolent
sway of peace, there is bound, the Secretary believes,
to be a steady development of resources and of growing
appreciation of their natural charms and attrac
tions.
On Saturday last the Senate at Washington adopted
the House resolution congratulating the people of
China on their assumption of the powers, duties and
responsibilities of self-government and expressing “ the
confident hope that in the adoption and maintenance
of a republican form of government, the rights, liberties
and happiness of the Chinese people will be secure and
the progress of the country assured.” This action
was in the form of a concurrent resolution and does not
require the signature of the President. It does not,
therefore, commit the State Department to recogni
tion. In China itself, as is quite natural, a state of
unrest continues, though the Government is succeeding
in all instances, so far as reported, in quelling the
rebellious troops. A manifesto issued by President
Y uan urges the five races to amalgamate through inter
marriage. It is reported from Peking that represen
tatives of the “ Six Power group” have stopped pay
ment of advances on the Chinese loan as a protest
against the acceptance of the 25,000,000 tael loan by
the Belgian syndicate. France and the other Powers
are opposed, according to a Paris dispatch, to any par
ticipation by Belgium, and it is likely, according to
Paris advices, that the French market will be closed
to any loan arranged outside the Six-Power syndicate.
1087
Private foreign bank discounts indicated a more com
fortable situation in Germany, but otherwise quota
tions were maintained. There is no general disposition
to expect a permanently easier market, even in Berlin.
In order to get through the close of the quarter success
fully, it was found necessary to make over-provision in
the shape of borrowings. In other words, the borrow
ings were much larger than were needed after the
strain had passed and these excessive funds are
being loaned on the market. A new form of quotation
for discounts has been suggested by the Bourse Com
mittee in Berlin. It is proposed to provide double
quotations for private discounts, one to apply to the
regular 90-day bills and the other to those running any
where from 56 to 70 days. This means separate quo
tations for long and short bills. An indication that
the lower discounts in Berlin are temporary is the fact
that 4% is being bid for the renewal of most of the
New York loans to Berlin that mature at the close
of the present month. New Y ork lenders are
not inclined to accept this figure on all the ma
turities, and thus far Berlin is not willing to pay
more. Unless a change should take place, there
fore, the loans will be paid off. However, advices
from Berlin suggest that neither London nor Paris is
showing any inclination to lend freely in Berlin, and,
so far as Paris is concerned, there seems still to be a
regular campaign against loans to the German centre.
We are informed that one of the large Paris credit
associations was subjected to widespread criticism as
a result of the report that it had loaned 300,000,000
francs to Berlin at the time the Moroccan crisis was
at its height last year. The criticism become so active
that the President of the institution found it advisable
to make a formal denial that the loan had been made.
Closing rates in London as cabled yesterday were
3 7- 16@ 3L£% for spot and S%% to arrive, both for
60 and 90 days’ bankers’ acceptances. A week ago
the spot rate was 3^ % and the forward rate 3 7- 16@
3>2% . At Paris the closing quotations are 3 to 3j^ %
for all maturities. A week ago the range was 3 @
3j4 % . ’ Berlin closes 3% @ 3% % for spot and to
arrive, all maturities. Last week’s closing quotations
were 3% % for spot and 3% @ 4% to arrive. Brussels
is cabled unchanged at 3% % and Amsterdam also
unchanged at 3% % . The official Bank rates at the
centres named still remain as follows: London, 33^ % ;
Paris, 33^ % ; Berlin, 5% ; Brussels, 4y2%, and
Amsterdam, 4% . London exchange in Paris closed
yesterday at 25 francs 25 centimes, a further advance
of y2 centime for the week, indicating a continuance
of investment by French banks in English bills.
London exchange in Berlin closes at the same figures
as a week ago, namely 20 marks 483A pfennigs.
The weekly statement of the Bank of England
suggests further improvement, the gold and bullion
holdings, according to the cable of our special cor
respondent, showing an expansion of £ 1,424,149
The reserve increased £ 1,737,000, bringing the pro
portion to liabilities up to 45.39% from 42.85% last
week. A year ago the proportion was 47,72% ,
in 1910 it was 50.68% , in 1909 49.73% , and in
1908 51.77% . The B a n k ’ s gold holdings total £ 37,
817,240, against £ 36,472,431 one year ago and
£ 35,736,927 in 1910. There were no appreciable
repayments by the market to the Bank, the item
“ other securities” showing a decrease of only £ 1,000.
Public deposits were reduced by £ 1,039,000, represent
ing disbursements by the Government, while private
1088
T H E C H R O N IC L E
deposits were increased by £ 1,484,000. Government
securities decreased £ 1, 262, 000. Of the £ 770,000
gold which reached the London market from the
Cape on Monday, India took what seems to have
become its usual weekly quota of £ 200,000, the re
mainder being bought by the Bank at the Mint price.
Our special correspondent furnishes the following
details of the gold movements into and out of the
Bank for the Bank week. Im ports,£ 705,000 (of which
£ 17,000 from France, £ 27,000 from Australia and
£ 661,000 bought in the open market); exports,
£ 250,000 (of which £ 100,000 to Argentina and £ 150,
000 German coin sold) and receipts of £ 969,000 net
from the interior of Great Britain.
The weekly statement of the Bank of France did
not contain any of the spectacular changes so notice
able in the figures of the two weeks preceding, which
indicates that the disturbance of the financial equil
ibrium resulting from the enormous subscriptions to
the French R ailw ay loan has been corrected. The
Bank’s gold holdings registered an increase of 3,
975,000 francs, the silver holdings were higher by
11.500.000 francs; notes in circulation decreased
7.875.000 francs; discounts were increased by 22,
950,000 francs and general deposits showed an expan
sion of 15, 600,000 francs. The gold stock now aggre
gates 3, 224, 600,000 francs, comparing with 3, 229,
825,000 francs in 1911 and 3,430, 260,000 francs in
1910.
The weekly statement of the Imperial Bank of
Germany which was published on Wednesday reflects
a further strengthening of reserves, the cash on hand
recording an increase of 104,436,000 marks, including
71.829.000 marks gold. Loans were increased by
2.097.000 marks but discounts were 258, 549,000
marks lower and notes in circulation were reduced
209.834.000 marks. The deposits in the Bank in
creased 60, 156,000 marks.
While quotations have been maintained for early
maturities, our local money market has still shown a
continuance of the easier tone that we noted at the
close of last week. This condition may be to some
extent at least ascribed to the increased uncertainty
in the political situation that has been indicated by
the overwhelming success of Colonel Roosevelt in the
Pennsylvania primaries. The interior banks have
been drawing on their New Y ork reserves in connection
with their spring requirements. The highest rate for
call money this week has been 3)^ % , which compares
with a maximum of 4% last week. On Monday the
range was 3® 3)^ % , with 3% % the ruling figure; on
Tuesday it was 2y @ 3y % , with 2% % the renewal
rate; Wednesday’s extremes were 2@ 3% , with 3%
the renewal basis; on Thursday 2y @ 3% were the
lowest and highest figures, respectively, while 3%
remained the renewal figure; on Friday 2y2°/0 was
the lowest, 3% the highest and 2% % the ruling rate.
Time money, while, as we have intimated, not firm,
is nevertheless not pressed on the market, and quota
tions for the week have not been changed from 3y@
3M % f ° r b0 and 90 days. For 4, 5 and 6 months
3%% is quoted at the close, comparing with 3y @ 4%
a week ago. Mercantile paper is not offered freely,
but is, on the other hand, not in active demand.
Discounts remain unchanged at 4@ 4)^ % for 60 and 90
days’ endorsed bills receivable, and also for 4 to 6
months’ single-name bills of choice character; others
are quoted at 5% .
[VO L. LXXXXIV.
Sterling exchange throughout the week has shown
a firm undertone, quotations indicating a steady de
mand for remittances. Money is in demand at the
British centre, although the Bank of England state
ment shows distinct improvement. American bank
ers, however, are credited with having drawn quite
liberally on their London balances, and it is not un
likely that a further reduction of these balances
will take place in anticipation of the foreign subscrip
tions that are expected for a considerable part of New
York City’s new stock issue which is to be publicly
offered on M ay 7 . New Y ork City securities have
become quite a favorable investment in London and
there is reason to believe that foreign investments will
take a measurable part of the new $ 65, 000,000 issue.
The British Board of Trade statement for March,
which we referred to in last week’s “ Chronicle,” did
not show any marked disturbance of trade by the
British coal strike. London advices to bankers here
suggest, however, that the effect of the decrease in
manufacturing activity, which was a feature of March,
will be more clearly shown in the export statement for
April. Therefore, while imports of foodstuffs and
raw materials for manufacturing will still continue
active, the outward movement of manufactured goods
will not be so large, and will have to be compensated
for by actual payments for the imports. The gold
engagements for export for the week comprised $ 800,
000, all for the Argentine, and we are informed that
negotiations are in progress for additional amounts for
the same destination. Of the total, Hallgarten & Co.
will forward $ 300,000, the Anglo-South American
Bank $ 250,000 anch Goldman, Sachs & Co. $ 250,000.
These engagements are for foreign account— that is to
say, they represent the remittances of foreign bal
ances to Argentina. The Argentine has had a good
maize crop and the exportable surplus is large, which
may explain the movement of the precious metal to
some extent. But in banking circles here intimately
connected with recent exports of the metal to the
southern republic, the belief obtains that the Paris
banks which underwrote last year’s Argentine loan
are still remitting on account of it. Foreign exchange
houses here have seen evidences during the last week
or so of a transfer of lines of mercantile credits from
London to New Y ork. The steadiness of the private
discount rate in Lombard Street at virtually the Bank
rate furnishes a strong incentive to make this change
when merchants can sell their paper at 4% not in
New Y ork. With a 3l/ 2% discount rate in London
and y % commission for every three months, borrow
ing abroad would cost 5y % . The March statement
of foreign commerce, showing an excess of exports
over imports on merchandise account of $ 48, 707,845,
comparing with $ 22,801,276 in March of last year,
did not seem to affect sentiment in sterling exchange
circles.
Compared with Friday of last week, sterling ex
change on Saturday was irregular; demand was firmer
at 4 87@4 8705, although sixty days declined to
4 8390@4 84, while cable transfers were again quoted
at 4 8740@4 8745. On Monday rates were firmer
on the easier tendency in the local money market and
demand advanced to 4 8705 @4 8710, cable transfers
to 4 8755@4 8760 and sixty days to 4 84@4 8410.
The tone remained firm on Tuesday, although business
was practically at a standstill, the Titanic disaster
having caused a curtailment of operations in all direc
tions; demand moved up to 4 8710@4 8715, while
cable transfers and sixty (.lays showed no change from
A pr . 20 1012, J
T H E C H R O N IC L E
Monday’s final figures. Trading continued very dull
on Wednesday, with quotations firm and unchanged
from Tuesday’s close at 4 8710@4 8715 for demand,
4 8755 @4 87G0 for cable transfers and 4 84@4 8410
for sixty days. There was an advance of about 10
points on Thursday, which was ascribed to a scarcity
of offerings, and demand rose to 4 8720@4 8725, cable
transfers to 4 8770@4 8775 and sixty-day bills to
4 8415 @4 8425. On Friday the market continued
firm, with an advance of 5 points in 60 days, checks
and cable transfers. Closing rates were 4 8420@
4 8430 for sixty days, 4 8725@4 8730 for demand
and 4 8775@4 8780 for cable transfers. Commercial
on banks was quoted at 4 82% @4 83% and documents
for payment 4 83% @4 84% . Cotton for payment
ranged from 4 83%@4 84, grain for payment was
4 84% @4 84% .
The following gives the week’s movement of money
to and from the interior by the New York banks.
Received by
S h ip p e d by
N . Y . B an ks. N . Y . B an ks.
W eek ending A p r il 19 1912.
N e t Interior
M ovem ent.
C u rr e n c y ..............................................
G old ................... .....................
SI 1,521,000
1 ,940,000
G ain
G ain
8 8 ,0 7 1 ,0 0 0
1 ,050,000
T otal gold and legal tenders
S 13.467.000
$4,346,000 G ain
8 9 ,121,000
With the Sub-Treasury operations and gold exports
the result is as follows:
Into
B an ks.
W eek ending A p r il 19 1912.
B an ks’ Interior m ovem en t, as a b o v e .
Sub-Treasury oper. and gold exp orts
T otal gold and legal ten d ers. .
Out ol
B an ks.
N et Change in
B an k H oldings.
513,467,000
2 6 ,100,000
8 4 .346.000 Gain
2 7 .500.000 Loss
$9,1 2 1 ,0 0 0
1,400,000
$39,567,000
5 3 1,846,000 Gain
S 7,721,000
The following table indicates the amount of bullion
in the principal European banks.
A p r il 18 1912.
B an ks of
England _.
Franco . .
Germ any
R u s s ia ___
A u s.-H u n .
S p a in ____
Ita ly ____
N eth erl’ds
N at. Belg
Sw eden . .
Sw ltzerl’d.
Norw ay . .
fA p r i l 20 1911.
Oold.
Silver.
Total.
Gold.
S ilver.
Total.
£
3 7 ,817,240
128,983,960
44,476,600
148,329,000
32.609.000
16.972.000
41.936.000
12.105.000
6.580.000
4.793.000
6.486.000
2.042.000
£
£
3 7 ,8 1 7 ,2 4 0
161,300,280
6 2 ,5 2 6 ,6 0 0
155,581,000
65.2 8 0 .0 0 0
4 6 .9 9 4 .0 0 0
45.6 1 6 .0 0 0
13,132,400
9 .8 7 0 .0 0 0
4.7 9 3 .0 0 0
6 .4 8 6 .0 0 0
2.0 1 2 .0 0 0
£\
3 6 ,472,431
129,192,840
3 9 ,9 2 1 ,3 5 0
145,782,000
55.2 2 9 .0 0 0
16.504.000
3 9 .8 0 0 .0 0 0
10.971.000
6 .4 3 2 .0 0 0
4 .5 2 3 .0 0 0
6 .1 2 3 .0 0 0
1.939.000
£
£
3 6 ,4 7 2 ,4 3 1
102,858,360
5 5 ,0 1 2 ,1 5 0
1 53,223,000
6 8 .1 3 8 .0 0 0
4 7 .4 3 4 .0 0 0
4 3 .3 4 1 .0 0 0
1 3 ,187,100
9 .6 4 8 .0 0 0
4 .5 2 3 .0 0 0
6 .1 2 3 .0 0 0
1.939.000
32,3161320
18.050.000
7.252 .0 0 0
12.671.000
30.022 .0 0 0
3 .680 .0 0 0
1,027,400
3 .290 .0 0 0
33,665^520
15,090,800
7 .441.000
12.909.000
3 0 .9 3 0 .0 0 0
3 .5 4 1 .0 0 0
2,2 1 6 ,1 0 0
3 .2 1 6 .0 0 0
.................
T otal week 503,129,800 1 0 8 ,3 0 8 ,720joi 1 ,438,520 192,889,621 109,009,420 601,899,041
Prev. week 197,995,868 107,541,353j605,53 7,221 490,847,942 109,077,940 5 9 9,925,882
THE TITA N IC DISASTER.
The heartrending disaster which befell the new
White Star steamer Titanic last Sunday night at 10:30
o’ clock has unquestionably brought a shock to the
entire community such as the world has seldom wit
nessed in our time. The essential details of the dis
aster arc that the steamer was running at high speed,
though in clear weather, in the region east of Cape
Race along the Banks of Newfoundland, at a time
when it was known that, owing to the severity of the
past winter, icebergs had formed far south of their
usual latitude. A t a distance of approximately 400
miles from the shore of Newfoundland and 1,150 from
New Y ork, the 1itanie collided with a towering ice
berg. I he force of the collision tore into her side,
breaking the iron protection of her engine rooms and
placing her in a sinking condition. The ship herself
went down something like three hours later. Other
vessels on the ocean pathway were summoned to the
relief of the Titanic, but were, unfortunately, at too
great a distance to arrive in time to assist in trans
ferring passengers from the ship. The Carpathiam f
the Cunard Line, the Olympic of the White Star and
the Virginian of the Allan Line all endeavored to give
assistance, but only the Carpathia was able to serve
any purpose. B y that ship twenty boatloads of pas
1089
sengers, launched from the Titanic before she sank,
were taken on board, and the Cunarder set sail for
New Y ork.
This is all that was known on Monday concerning
the disaster; indeed, the information which reached
the public on that day was wholly perverted through
wireless canards whose origin is not yet explained,
and which explicitly declared that the Titanic was
being towed into port by the Virginian. The relief
of this news greatly aggravated the shock which
came next day when wireless messages relayed
from the Carpathia broke the news that the boat
loads which had been picked up comprised only
about 700 out of the 2,300 passengers and crew
of the Titanic. The rescued passengers were mostly
women. Among the lost were Col. John Jacob Astor,
Mr. Charles M. H ays, President of the Grand Trunk,
Mr. Isidor Straus, Mr. William T . Stead of the London
"R eview of R eview s,” Major Archibald B u tt, Presi
dent 1aft’s m ilitary aide, Mr. George D. Widener, Mr.
Benjamin Guggenheim and a long list of other men
well known in the walks of trade. The President of
the White Star Line and the International Mercantile
Marine, Mr. J . Bruce Ism ay, was saved. Beyond
this alarming batch of news, details were withheld
by the Carpathia pending her arrival in port Thursday
night, even after the steamer had come into the zone
of wireless communication. Quite inevitably, and
quite rightly as the event proved, this absence of
authentic news gave rise to the worst apprehensions
regarding the nature of the disaster and to a host of
flying rumors, which so possessed the public mind as
to cause by Wednesday something like a suspension of
business in the financial district. On Thursday night,
the Carpathia docked at New Y ork and the full story
was told.
We have not at this writing the official and formal
story of how and why the disaster became possible. W hat
did appear, from the more or less incoherent accounts of
the passengers, was that the sinking of the ship was
not generally expected even after the collision, and
that the end came with startling suddenness. Ju st
how far this explains the remarkable story of the ship’s
band playing, up to the moment when she sank, it is
difficult to determine. What seems to be unques
tioned is the good discipline of the crew and the courage
and self-possession of the "passengers—notablyjTt he
well-known men who remained on the Titanic and went
down with her. All agree that, had the ship carried
anything like an adequate supply of life-boats, all
might have been saved. With commendable prompt
ness, the United States Senate Committee on Com
merce has at once instituted a formal inquiry, which
began y e s te r d a y ............................................ > • r} •
■
• Some conclusions to be drawn from the tragedy arc
reasonably clear. The first, without any . question
whatever, has to do.with the life-boats. ^Unlike|m any
other ocean disasters of the sort, all the life-boats
were launched and apparently all the passengers who
went in them were rescued. In other words, the loss
of life which actually occurred was distinctly attribut
able to an insufficient supply of life-saving apparatus.
Such life-boats as the Titanic carried were sufficient to
hold barely one-third of the vessel’s passenger list. In
defense of the practice which this sensational event
has brought to light, two arguments have been ad
vanced—one, that the ship had been declared "unsinkable” ; the other, that life-boats to carry the entire
passenger list could not be maintained on an ocean
steamer in any case.
1090
T H E C H R O N IC L E
B u t the first of these presumptions has this week been
declared altogether incorrect by the builder of the
Titanic, who now admits— what should equally have
been known beforehand— that no ship is unsinkable;
and as for the second argument cited above, it does not
seem to possess much force. Even supposing it to be
impossible to carry sufficient boats on steamers of
the present type, then it would manifestly be time to
construct steamers of a different type. But the claim
must in any event be held untenable so long as great
stretches of space on board up-to-date steamers are
allotted to gymnasiums and golf links, and the like,
thereby using up room which at least might have made
possible the maintenance of sufficient lifeboats.
Furtherm ore, let us consider for a moment what this
argument actually means. The rule of the sea is to
save the women first, and it is to the honor of the race
that the rule has again been observed, irrespective even
of station in life; showing that the spirit of chivalry
is not yet extinct in the twentieth century. But
let it be observed that, if this rule on the one hand is
applied, and if on the other hand the rule of inade
quate supply of lifeboats is insisted on, then the two
things amount to proclamation that in case one of
these great ocean steamers sinks, provision is made
for rescuing immigrant women from Italy, Poland or
Bohemia, but denied to eminent men whose services
are useful and necessary to the world; yet who, under
this presumption, are condemned to drown helplessly
because it is inconvenient to give up space to lifeboats
on the steamer. Such a situation would especially
apply, let it again be noticed, to the largest and most
luxurious'ships and, therefore, to those most patronized
b y well-known citizens, and to those ships which
would as a rule be least adequately equipped, because
of the magnitude of their passenger list, with provisions
for safety. The thing seems absurd. We imagine
very little will be heard of the argument hereafter.
Presum ably both the American and the British gov
ernments will by proper legislation make the main
tenance of sufficient life-saving facilities compulsory
upon shipowners. Entirely apart from this, however,
we m ay be sure that ocean travelers, in view of the
present lamentable disaster, will not be slow about
taking the matter into their own hands. Some of the
suites of rooms on these ocean palaces cost over $ 4,000
for the trip. We m ay suppose that hereafter first
and second cabin passengers at least will insist that
payment of passage money shall ensure each a seat
in a life boat. It is quite conceivable that the stipu
lation m ay be insisted on that the different members
of a fam ily shall all have seats in the same boat.
Government, on its part, can be depended on to see
to it that equal protection is extended to those travel
ing in the steerage.
Probably, also, the risks of the northerly route,
where icebergs are sure to be encountered in certain
seasons of the year, will hereafter be avoided. There
remains for consideration the question of.mammoth
ships. A t this very moment, the record-breaking
fifty-thousand-ton displacement of the Titanic is to be
further increased to sixty thousand or more by vessels
now building for the Hamburg-American and Cunard
lines. We have reached a stage of such expansion that
we have had to extend our docks in order to give these
enormous craft facilities for unloading, and the ques
tion in harbors like New Y ork has arisen, whether such
extension of dock room can be carried very much
further without actually interfering with other harbor
traffic. Y et the steamship designers and ocean trans
[VOL. LXXXXIV.
portation companies have been in the habit of answer
ing that, barring limitations from harbor room, there
is substantially no limit to such increase in capacity.
But what are the actual facts in the case, as sug
gested by the fate of the Titanic? There is, first, the
fact that in case of collision, impact of such an enor
mous mass of weight, driven at high speed, with an
armored sheathing quite unlikely to be correspondingly
increased over the ordinary thickness, will render such
a huge ocean vessel more vulnerable even than smaller
vessels to which a far smaller number of human lives
have been entrusted. Again, the grave question of
maintenance of order and discipline, by a commander
arranging for the disembarkment of several thousand
people simultaneously, as compared with the making
of similar arrangements for one-half or one quarter of
that number, must be seriously considered. That the
Titanic met this test proves nothing for the future.
And, last of all, the chance of wholesale loss of life
is certainly greater when several thousand people are
carried on one ship— this for the simple reason that
the ratio of probable accidents would scarcely cause
the simulanteous loss of two or three ships carrying a
smaller number in the aggregate. The numerical
chance of disaster, in other words, is the same for a
vessel with two thousand passengers as for a vessel
with one hundred, and, therefore, the greater the
passenger list, the more serious the numerical possi
bility of loss of life in ocean travel. This, it must
again be observed, applies primarily to vessels patron
ized by well-known and influential citizens.
One minor but far from unimportant consideration
is left. We refer to the matter of supervision of
wireless messages. The only explanation at any time
advanced regarding the false information sent by
wireless during Monday was that under existing cir
cumstances, and under the existing absence of Govern
mental regulation, wireless telegraphy is in a chaotic
condition. A mere amateur, with a private wireless
apparatus on the coast of Maine or Nova Scotia, may
signal vessels on the sea or intercept messages between
them and the shore, and what the possibilities of such
a system are we have learned on this occasion. A t
the very least, it should be possible to provide by law
that amateur experts of the sort should be required
to use apparatus so adjusted as not to interfere with
ocean communication.
LABOR CONDITIONS IN THE STEEL INDUSTRY.
The prominence of the United States Steel Corpora
tion, not only in all financial respects but in advanced
and wise methods of dealing with its industrial prob
lems, gives timely interest and importance to the re
port submitted at the annual meeting last Monday
concerning labor conditions in the steel in d u stry. This
report, presented by Chairman Stuyvesant Fish, of the
committee on that subject, pronounced the seven-day
labor week detrimental to those engaged in it. Present
records indicate, said the report, that this work has
been relegated to the past except in two or three
plants, “ and no m atter what alleged difficulties in
operation m ay seem to hinder abandonment of the
seven-day week, they must be m et." As to this all
intelligent men are agreed, everywhere. The seventhday rest proclaimed from Mt. Sinai was as much a re
lease as it was a religious command, and all experience
from that day to this goes to show that uninterrupted
labor is not profitable.
As to the length of the working day, the records of
•*•75,715 employees of the corporation (exclusive of
A
pr
.
20 1912 ]
T H E C H R O N IC L E
officers and clerical workers) show that 25% are now
working twelve hours a day; this is largest in depart
ments more or less continuous, such as rolling mills and
blast furnaces, in which the percentage is from 50%
to G0% of twelve-hour workers. Some work cannot
stop until completion; yet mechanical improvements
have been steadily reducing the drudgery and severe
physical labor which once characterized m any pro
cesses in the industry. This is especially true of openhearth and blast furnaces, where the intermittent na
ture of the work demands less expenditure of actual
physical energy than in many eight or ten-hour places;
notwithstanding, the opinion is expressed that a twelvehour day, followed continuously by any group of men
for any considerable number of years, means decreasing
efficiency and lowering vigor and virility. Here, also,
general experience and observation confirm the view
taken, and the report adds, in language which could
have been used by any pronounced apostle of labor,
that “ the question should be considered from a social
as well as a physical point of view .” Not only the
prodigious drain upon the man must be reckoned, but
his virtual separation from fam ily, his loss of home
and nearly complete denial of opportunity for self
improvement.
The long day has become entrenched, so that any
sudden change would involve such changes in mill oper
ation that a shorter day could perhaps not be success
fully undertaken unless all employers in the same in
dustry would agree. This recalls and agrees with the
certainty that all wage advance or other amelioration
of industry is in the long run conditioned upon assent
of the balance sheet; for example, the Lawrence mills
may agree to concessions under pressure, but cannot
fulfill them long if thereby they come under a competi
tive disadvantage because rivals elsewhere do not have
to meet the same conditions. Realizing this, the com
mittee “ recommend to the intelligent and thoughtful
consideration of the officers” the problem of reducing
the long hours of labor, but cannot go farther than
this.
Another subject which received consideration is what
is called “ the speeding” of workmen. Labor unions
always level criticism at the payment by piece-work,
but the committee “ do not believe there has been
evolved a fairer or more generally accepted method of
payment for labor.” The “ bonus” system, largely
employed by the Corporation, “ as incentive to increas
ing output and efficiency, is objected to as tending to
result in a system of speeding, harmful to the men.”
That a possibility of abuse exists is admitted, but the
committee see neither desire nor tendency to carry
this policy to a harmful point. Here we recall the
“ efficiency” talk of some months ago as to railway
operation, but progress in that direction is hindered by
the labor unions, whose erroneous rule prefers to re
tard the best and most ambitious workmen instead of
stimulating the poorest and most shiftless. The com
mittee believe piecework and bonus to be best for all
parties, “ guarding, as they do, against that dead level
of wages, regardless of the ambition, resourcefulness
and efficiency of the individual.”
At the end of 1911, 24,588 employees were stock
holders under the well-known plan, their aggregate
holdings of preferred stock being 102,245 shares. Sub
scriptions in response to the 1912 circular were 17,233
shares, taken by 15,349 men receiving under 8800 per
year; 35,255 shares, taken by 20,090 men receiving
8800 to 82,500, and 8,800 shares taken by 1,501 men
receiving over 82,500 a year. Belief that this plan h
1091
worked to encourage thrift is strengthened by the re
mark of several of the men that they had never saved
anything until they began in this way.
It was stated at the meeting that of 15,000 stock
holders who had been consulted by circular on the
matters assigned to the committee for investigation,
only about ninety had replied, although it was
inferred that a feeling of confidence in leaving the
subject to the management might be the explanation.
Some of the replies indicated a desire for reducing
hours of work, and some even hinted willingness to
see this done at the expense of dividends. Judge
G ary was not entirely sure against the twelve-hour
day, when he remembered that he himself had gone
through many longer ones on a farm and when work
men are willing and anxious to have long days in
order to make larger earnings. But the Corporation
has over and over again demonstrated its interest in
the welfare of its employees, and planned wisely for
the amelioration of their condition
It is hard work to work hard, and it always will be;
no resolutions or strikes or popular oratory can alter
that. But in a campaign year, when the chief stockin-trade of the loudest Friend of the People who ever
pranced consists of denouncing alleged woes of wageearners at the hands of capital, it is well to note that
the largest industrial combination in the country has
been doing its utmost for some years (short of attempt
ing miracles) to improve the conditions of its own
men. That Mr. Gompers and his close associates
highly disapprove its efforts implies that they are
practically successful.
THE
THOROUGHNESS OF GERMAN
COMMERCIAL EDUCATION.
“
The review of the first five years of the work of the
“ University of Commerce,” established by the Mer
chants’ Corporation of Berlin, which has just come to
hand, gives us an opportunity to note the distinctive
aim of German commercial education and its success in
the effort to raise it in its higher departments to the
established university standard.
The “ Handels-Hochschule,” as it is called, was or
ganized, as we have before indicated, in 1900, with
Professor Jastrow , of the University of Berlin, as its
head. Its purpose was to teach, after the university
method, everything that a business man should know.
The successful merchants of Germany were ambitious
to put business as far as possible on the plane of the
professions as an occupation, and to secure for the
business man such a thorough special education as
would fit him for effective competition in the markets
of the world, and at the same time secure to him
standing and respect in the professional world.
The idea, which originated with Mr. von Mevissen,
a merchant of Cologne, in 1879 led to the opening of
the Cologne Handels-Hochschule by that city in 1901.
Frankfort followed; and then Berlin in 1900. The idea
has rapidly spread over Germany, and now similar
colleges, as they may be called, exist in Leipzig,
Mannheim, Munich and other places. The underlying
question is, “ Is it necessary to teach young business
men theoretically, and if so, how is it to be done?”
The answer is found in the fact that in the last half
century tremendous changes have taken place in the
business world, and, while these are largely technical,
they are connected with such an array of social, legal,
political and economic disturbances that the modern
business man finds himself confronted with a host of
problems of which his grandfather had barely an ink
1092
T H E C H R O N IC L E
[VOL. LXXXXIV.
ling, and which cannot be solved b y ‘ rule of thumb. w ay is prepared for his uniting, in the actual business
He needs understanding of political economy, of tech life which follows, theory and practice in comprehen
nology, of geography, of commercial law and of various sive relation, the preliminary professional instruction
other things as an initial equipment.
making his thinking and his daily work harmonious
Education in Germany has the advantage of a and fruitful.
thousand years of development. While our American
To round out the course, groups of students are
theory of education is intended to develop independ taken by their professors each summer to visit neigh
ence of thought and action, and gives large place to boring countries, to study their industries and methods
the unfolding of the personality of the pupil, in Ger of business; and there are at the close certain fellow
many he is trained to obedience and to the performance ships established by different merchants to give
of clearly defined tasks which arc closely related to a selected graduates a year or two of travel and advanced
completed system, and have a definite practical result. work in some foreign land.
Manual training is everywhere there the task of the
A notable fact marking the particular demand made
elementary public schools, while our common-school by the Prussian Government that the Handels-Hochsystem as a rule leads away from hand-work and aims sclnilc shall, scientifically speaking, be on the same
more particularly at giving every boy and girl of the high level as the University of Berlin, is that the
people a better start than his parents had, or at least professors shall not only teach but shall do research
a start upon a higher social plane.
work. The results of this particular combination of
When it comes to the training of its young merchant the chemist investigators with the great manufacturers
material Germany has at hand the practical methods were pointed out in our recent article on this subject.
passed down by the guilds and corporations of the
Among the plans devised by the Chambers of Com
Middle Ages. To this it is now uniting thorough merce of various American cities to prevent the diver
theoretical professional instruction, which has already sion of trade and to develop their business, it is easy
so far advanced as to open the markets of the world to see that none is more important or further reaching
to German commerce and manufactures. The purpose than this of raising the standard of equipment of their
of the new commercial universities is to train teachers younger business men. The effectiveness of this
for the schools of lower grade as well as to teach the modern method of specific commercial education of
elect of the young merchants.
high grade is now abundantly established, and, fur
The Berlin school has a faculty that numbers sixty, thermore, the seriousness of the foreign competition
teaching political science, jurisprudence, commercial that it has already produced in the markets of the
science, physics, chemistry, international law, English, world is increasingly evident. The New Y ork Chamber
French, Italian, Russian and Spanish, besides the of Commerce has been none too early in determining
technique of a vast variety of businesses, and all in in to do something to encourage similar instruction with
numerable courses extending to the minutest detail. us, and its recently appointed committee m ay well feel
Of their 450 students matriculated last year, 136 the importance of the task committed to it. Various
were from twenty-one foreign countries. The different beginnings have been made in different parts of the
homes from which they came are interesting: 185 had country; the merchants of the metropolis ought not to
fathers in independent business, 20 directors of banks allow it to be indifferent .
and manufactories, 63 in public office, 34 land-owners,
29 in the learned professions and 29 retired men of
RAILROAD GROSS AND NET EARNINGS
fortune. Besides these matriculated students, there
FOR FEBRUARY.
were 220 taking the regular courses, but for various
personal reasons not regularly matriculated, and 1,278
The earnings of United States railroads, as compiled
more attending various courses, making in all nearly by us to-day for the month of February, make a very
two thousand persons under instruction.
much better exhibit than had been expected. This is
The course contemplates three years of study, but true as regards the comparisons of both gross and net
can be compressed into two and a half, or even two results. Weather conditions still remained unfavor
years. Only young men of a certain standard, given able in February, though not to the extent experienced
by the Government school examination that entitles in Jan u ary. Extrem ely low temperatures continued
them to a one year’s service in the arm y, and who have to prevail most of the month over the greater part of
finished a business apprenticeship of two or three the country, and west of Chicago some of the roads
years, tested by examination and certificate, are ad suffered severely from that cause; with a few of these
mitted to the regular course, though, in lieu of the latter snow-storms were also a feature, though as a
apprenticeship, three years more of school work that rule the interruptions to traffic operations from snow
would admit to a university is accepted. Once ad blockades were not of especial’ prominence. In the
mitted, the student is pushed ahead as rapidly as is case of certain important systems, and more particu
consistent with thoroughness. The responsibility is larly the Chicago & North Western and the Chicago
laid upon his instructors to see that he shall acquire St. Paul Minneapolis & Omaha, heavy losses in net are
a well-founded, thorough preparation for business. recorded because of the added expense arising out of
The aim is not to make a man a complete economist, a the extreme cold and other adverse weather features.
complete lawyer, a real chemist or an engineer, but to
As against, however, the unfavorable agencies hero
have him understand the elements of all these lines of narrated, there were a number of agencies that served
activity. He must acquire a thorough knowledge of to swell the amount of the revenues, gross and net, and
business management and of the goods that are these in their effects more than offset the former. In
handled, his mind must be awakened to a keen and in the first place, it should not be forgotten that the
telligent mterest in his occupation, he must be taught month contained an extra day. As this is a leap year,
to think swiftly, accurately and to a definite conclu Feb. 1912 had 29 days, as against 28 days in Feb. 1911.
sion, and to grasp comprehensively all related matters; Allowing for Sundays, there were the present year
he must learn to read human nature and gain personal 25 work days, as against only 24 work days last year.
habits of order, exactness and conscientiousness. The * This alone is equivalent to an addition of over 4% . In
T H E C H R O N IC L E
A m . 20 1912.]
the second place, with the knowledge that coal strikes,
or suspensions of work at the coal mines, were almost
a certainty in numerous parts of the United States,
mining operations during February and March were
carried on at a greatly accelerated rate. The result
was that the coal traffic on many different roads was
greatly increased. The contrast with the previous
year in that respect was made all the more marked by
the fact that in the early months of 1911 coal mining in
the bituminous regions of most of the Middle and
Middle Western States was conducted on a restricted
scale, owing to the circumstance that general trade
at that time was depressed and supplies of coal were
greatly in excess of demand. Then, also, it should not
be forgotten that for February we are comparing with
reduced earnings last year, both gross and net, and
trade the present year,though by no means entirely
satisfactory, was in volume at least far in excess of that
for the early months of last year.
In the matter of the gross earnings the addition this
time is very substantial; in fact the amount of gain is
the largest recorded in any monthly statement for
a long time— that is, the largest since June 1910. Stated
in brief, with the help of the extra day and the other
favoring circumstances set out above, the expansion in
gross receipts reaches $ 20,752, 155, or 10.52% . A
large part of this improvement in the gross revenue
was, of course, consumed by heavier expenses; in some
of the separate systems, indeed, the additions to
operating cost greatly outran the gains in gross revenue.
Still, in the case of the roads as a whole, there remains
a gain in net earnings of $ 8,275, 149, notwithstanding
the augmentation in expenses, the ratio of improve
ment in this instance being over 16% — 16.84% .
February (523 roads) —
1912.
1911.
Miles o f road ...........................
23 7 ,0 8 2
233,191
Gross e a r n in g s ..........................$218,031,094 $ 1 9 7 ,278,939
O perating e x p e n se s__ ____ 160,619,987
148,142,981
N e t earn in gs.............................$57,4 1 1 ,1 0 7
$ 4 9 ,1 3 5 ,9 5 8
— Increase or D ecrease—
A m ount.
%
Inc.
3 ,891
1.67
In c.S 2 0 ,7 5 2 ,1 5 5 10.52
Inc. 12,4 7 7 ,0 0 6
8.42
Inc. $ 8 ,2 7 5 ,1 4 9
16.84
1093
Pittsburgh, reports $ 3, 157,700 increase in gross and
$ 1,067,403 increase in net, and this follows a loss of
$ 1,872,629 in gross and $ 1, 240,802 in net in the same
month of last year. It evidently indicates a decided
change for the better in manufacturing conditions in the
territory tributary to the lines of the system. The
New Y ork Central the present time has $ 443,179 in
crease in gross and $ 170,504 increase in net. This is
for the Central proper. Including the various auxili
ary and controlled roads, the whole going to form the
New York Central System, the result is a gain of
$ 1, 964,998 in gross and of $ 1, 187,940 in net. Last
year in February the New Y ork Central System showed
$ 176,055 loss in gross and no less than $ 1,770,764 loss in
net. It deserves to be noted, too, that New England
roads, likewise, have good returns this time, the New
York New Haven & Hartford having added $ 666,188
to its gross and $ 389,008 to its net, and the Boston &
Maine $ 251,252 to gross and $ 233,900 to net.
Southern roads continue to do well, but are feeling
the influence of the increase in operating cost. The
Louisville & Nashville, it is true, has enlarged its gross
by $ 535,162 and its net by $ 351,417, but the Southern
R y ., with $ 373,880 gain in gross, has added only
$ 92,102 to net, and the Seaboard Air Line falls
$ 129,839 behind in net and the Atlantic Coast Line
$ 129,095 behind, though both roads made small
increases in gross— the former $ 5,261 and the latter
$ 90,992. In the following we show all changes for the
separate roads, whether increases or decreases, for
amounts in excess of $ 100,000, in both gross and net:
P R I N C I P A L C H A N G E S I N CiRO SS E A R N I N G S I N F E B R U A R Y .
I ti c r e a s e s .
In c r e a s e s .
P e n n s y lv a n ia ___________t /$ 3 ,1 5 7 ,7 0 0 C h ic a g o & N o r th W e s te r n $ 2 0 6 ,3 4 6
1 9 4 ,3 9 6
B a lt im o r e & O h io ________
8 8 9 ,1 8 1 N o r th e r n P a c i f i c _________
1 9 1 ,5 7 1
G re a t N o r t h e r n ___________
7 5 0 ,2 9 1 C le v e C in e C h io & S t L . . .
1 7 8 ,5 2 5
A tc h T o p ek a & S a n ta F e .
7 1 2 ,4 4 1 I n t e r n a t & G t N o r t h e r n ..
1 6 8 ,9 1 6
N Y N ew H aven & H a rtf.
6 6 6 ,1 8 8 R o c k I s la n d _______________
C h ic a g o B u rl & Q u i n c y . .
6 1 2 ,5 0 3 D e n v e r & R io G r a n d e ____
1 6 7 ,8 1 6
U n io n P a c if ic _____________
5 6 0 ,4 6 7 S a n P e d r o L o s A n g & S L .
1 6 5 ,4 1 5
L a k e S h o r e & M ich S o ____
5 5 0 ,8 3 3 H o c k in g V a l l e y ___________
1 5 1 ,4 5 0
L o u is v ille & N a s h v i l le ___
5 3 5 ,1 6 2 V i r g i n i a n _________________
1 4 1 ,8 1 2
P h ila d e lp h ia & R e a d i n g . .
5 1 8 ,7 0 1 P h lla B a lt o & W a s h _____
1 4 0 ,0 8 8
N o r fo lk & W e s t e r n _______
4 8 6 ,4 8 2 C h ic a g o & A l t o n _________
1 3 1 ,2 0 8
4 7 9 ,4 3 7 W h e e lin g & L a k e E r ie ___
1 2 9 ,9 0 9
M isso u r i P a c ific ___________
1 2 6 ,1 1 0
N Y C e n tr a l & H u d R l v . . a 4 4 3 ,1 7 9 M ic h ig a n C e n t r a l_________
1 2 2 ,5 1 6
C h ic a g o M ilw & S t P a u l . .
.4 1 9 ,6 4 8 N Y O n ta r io & W e s t e r n . .
1 2 2 ,2 0 8
C e n tr a l o f N e w J e r s e y ____
4 1 3 ,4 7 3 N o r th e r n C e n tr a l_________
1 2 1 ,8 6 2
S o u t h e r n _________________
3 7 3 ,8 8 0 B u ffa lo R o c h e s t e r & P i t t s
3 4 2 ,5 9 1 M a in e C e n t r a l_____________
1 0 8 ,3 8 1
L c h ig h V a l l e y ...........................
E lg in J o lie t & E a s t e r n ___
3 2 4 ,5 6 1 T r in it y & B r a z o s V a l l e y . .
1 0 6 ,5 2 7
D e la w a r e & H u d s o n _____
3 2 2 ,0 9 4 C e n tr a l o f G e o r g ia ________
1 0 2 ,6 2 2
E r ie ______
2 9 5 ,8 3 4 E l P a s o & S o u t h W e s t e r n .
1 0 1 ,4 7 9
D e la w a r e L a c k & W e s te r n
2 8 5 ,9 7 7 C o lo r a d o & S o u t h e r n ____
1 0 0 ,3 4 4
S o u t h e r n P a c i f i c --------------2 7 1 ,0 7 1
C h e s a p e a k e & O h io _______
2 5 6 ,8 2 4
R e p r e s e n t in g 4 8 r o a d s
B o s t o n & M a in e ___________
2 5 1 ,2 5 2
in o u r c o m p i l a t i o n . . $ 1 7 ,5 9 7 ,8 9 9
M in n e a p S t P a u l & S S M .
2 4 5 ,3 5 8
P itt s b u r g h & L a k e E r i e . .
2 4 0 ,7 3 8
D e c re a se .
T e x a s & P a c if ic ......................
2 1 2 ,5 3 2 Y a z o o & M is s iss ip p i V a lle y $ 1 2 7 ,7 3 8
As far as the separate roads are concerned, the effect
of unfavorable influences is noted in the case of the
Chicago & North Western, which, while managing to
add $ 206,346 to its gross earnings, falls $ 387,026
behind in net; the Chicago St. Paul Minneapolis &
Omaha, which the North Western controls, has
$ 46,132 decrease in gross and $ 174,052 decrease in net.
The Illinois Central, evidently still suffering from the
N o te .— A ll t h e fig u r e s In t h e a b o v e a r e o n t h e b a s is o f t h e r e tu r n s file d
effects of the shop-men’s strike, reports $ 21,354 de w it h t h e I n t e r - S t a t e C o m m e r c e C o m m is s io n . W h e r e , h o w e v e r , t h e s e r e
tu r n s d o no't s h o w t h e t o t a l fo r a n y s y s t e m , w e h a v e c o m b in e d t h e s e p a r a te
e t h e r e s u lt s c o n fo r m a s n e a r ly a s p o s s ib le t o t h o s e g iv e n
crease in gross and $ 499,966 decrease in net. The rino atdhse ssot aatse mto emn task fu
r n is h e d b y t h e c o m p a n ie s t h e m s e lv e s .
u r e s c o v e r m e r e ly t h e o p e r a tio n s o f t h e N e w Y o rk C e n tr a l I ts e lf.
Yazoo & Mississippi Valley, which is under the same I n ca luTdhine sge tfig
h e v a r io u s a u x ilia r y a n d c o n t r o lle d r o a d s , lik e t h e M ic h ig a n C e n
a l, t h e L a k e S h o r e , t h e “ B ig F o u r ,” t h e “ N ic k e l P l a t e , ” & c ., t h e w h o le
control, has $ 127,738 decrease in gross and $ 181,251 tr
g o in g t o fo rm t h e N . Y . C e n tr a l S u s le m , t h e r e s u lt is a g a in o f $ 1 ,9 6 4 ,9 9 8 .
r e s e n t t h e lin e s d ir e c t ly o p e r a te d c a s t a n d w e s t o f
decrease in net. On the other hand, the other Harri- P itt1/ sTbhuersgeh ,figEuarsetse rrne plin
e s s h o w in g $ 1 ,9 8 5 ,2 9 5 in c r e a s e a n d t h e W e s te r n
lin e s $ 1 ,1 7 2 ,4 0 5 .
F o r a ll lin e s o w n e d , le a s e d , o p e r a te d a n d c o n tro lle d , t h e
man roads give a good account of themselves at this r e su lt fo r t h e m o n t h is a g a in o f $ 3 ,6 6 9 ,2 8 1 .
time, the Union Pacific having added $ 560,467 to gross
P R I N C I P A L C H A N G E S I N NET E A R N I N G S I N F E B R U A R Y .
for the month and $ 415,324 to net, and the Southern P e n n s y lv a n ia ....................... t /$Il n,0c6r 7e a,4s 6e s3. C h ic a g o B u r l & Q u i n c y . . I n$ 1c r1e8a,7s e6s6.
G re a t N o r t h e r n ___________
7 5 4 ,1 8 9 I n t e r n a t & G t N o r t h e r n ..
1 1 3 ,1 8 7
Pacific having added $ 271,071 to gross and $ 68,999 to M isso u r i P a c ific ___________ 6G 3.081 B a lt im o r e & O h i o . . ............ 1 0 7 ,9 3 7
A tch T o p ek a & S a n ta F e .
5 6 9 ,0 4 5 R o c k I s la n d _______________
1 0 4 ,0 5 7
net. Among other roads that are distinguished for L a k e S h o r e & M ich S o ___ 4 7 2 ,6 5 8 H o c k in g V a l l e y _____ :_____ 1 0 1 ,6 2 9
U n io n P a c ific _____________
4 1 5 ,3 2 4
good results m ay be mentioned the Great Northern, N Y N e w H a v e n & H a r t f . 3 8 9 ,0 0 8 R e p r e s e n t in g 2 6 r o a d s
in o u r c o m p il a t i o n ___$ 7 ,7 0 1 ,6 7 3
L o u is v ille & N a s h v i l le ___
3 5 1 ,4 1 7
Tlprrpa
th e r n P a c i f i c . ------------3 0 1 ,8 7 1
which has $ 750,291 increase in gross and $ 754,189 in CN eonr tr
$ 4 9 9 ,9 6 6
a l o f N e w J e r s e y ------2 5 3 ,7 2 4 I llin o is C e n tr a l----------C
h
ic
a
g
o
&
N
o
r
th
W
e
s
t
e
r
n
.
P
h
ila
d
e
lp
h
ia
&
R
e
a
d
i
n
g
.
.
2
4
3
,2
0
1
crease in net; the Atchison, with $ 712,441 increase in B o s t o n & M a in e ___________ 2 3 3 ,9 0 0 Y a z o o & M is s iss ip p i V a lle y 318871,0,2 25 16
1 7 4 ,0 5 2
1 9 5 ,5 4 6 C h ic S t P a u l M in n & O . .
gross and $ 569,045 increase in net; the Chicago Bur ED lge lainw Ja roelie&t &H uEdas os tne_____
1 6 1 ,6 6 3
r n ...
1 8 7 ,3 9 1 W a b a s h ____________________
C h ic a g o & E a s t e r n I llin o is
M
in
n
e
a
p
S
t
P
a
u
l
&
S
S
M
.
1
8
5
,4
7
9
lington & Quincy, with $ 612,503 addition to gross and N Y C e n tr a l & H u d R l v . . a l 7 0 ,5 0 4 S e a b o a r d A ir L in e ________ 11 24 93 ,8,6 32 90
& S t P a u l..
1 5 4 ,3 4 3 A t la n t ic C o a s t L in e _______
1 2 9 ,0 9 5
$ 118,766 to net; the Missouri Pacific, with $ 479,437 CMhicichaigg oa nMCilw
e n t r a l_________
1 4 7 ,4 6 4
& W e s te r n ----------1 4 2 ,5 1 3
R e p r e s e n t in g 8 r o a d s in
gain in gross and $ 663,081 gain in net, and the Mil SNaonr foP lk
edro L os A n g & S L .
1 2 9 ,0 8 2
o u r c o m p il a t i o n ........... $ 1 ,8 0 6 ,5 1 2
waukee & St. Paul, with $ 419,648 improvement in C h e s a p e a k e & O h i o --------- 1 2 8 ,8 9 4
a T h e s e fig u r e s c o v e r m e r e ly t h e o p e r a tio n s o f t h e N e w Y o r k C e n tr a l i s t e l f .
gross and $ 154,343 increase in net.
I n c lu d in g t h e v a r io u s a u x ilia r y a n d c o n t r o lle d r o a d s , lik e t h e M ic h ig a n C e n
t r a l, t h e L a k e S h o r e , t h e " B ig F o u r ,” t h e “ N ic k e l P l a t e , ” & c ., t h e w h o le
The Eastern trunk lines make very good returns, g o in g t o fo rm t h e N . Y . C e n tr a l S y s te m , t h e r e su lt is a g a in o f $ 1 ,1 8 7 ,9 4 0 .
1/ T h e s e fig u r e s r e p r e s e n t t h e lin e s d ir e c t ly o p e r a te d e a s t a n d w e s t o f
and in this furnish evidence at once of the somewhat P i t t s b u r g h , t h e E a s t e r n l in e s s h o w in g $ 7 7 9 ,3 1 5 in c r e a s e a n d t h e W e s te r n
lin e s $ 2 8 8 ,1 4 8 in c r e a s e . F o r a ll lin e s o w n e d , le a s e d , o p e r a te d a n d co n
greater activity prevailing in general trade and the tro lle d , t h e r e s u lt is a g a in o f $ 1 ,2 6 1 ,9 4 5 .
larger coal shipments. The Pennsylvania lilt , on
We have stated above that comparison is with
the lines directly operated, both east and west of diminished earnings, both gross and net, in February
T H E C H R O N IC L E
1094
[VOL.
LXXXXIV.
SU M M A R Y B Y G R O U PS.
last year. According to our own compilations for that
Section, or Group—
-------------------------Gross E arnings----------------------1912.
1911.
l n c .( + ) o r D e c .l— )
month, comprising 235,483 miles of roacl, there was
F ebruary—
S
$
S
%
1 (19 roads), N ew E n g la n d ... 1 0 ,248,082
9 ,1 2 3 ,9 9 9
+ 1 ,1 2 4 ,0 8 3 12.32
a loss in Feb. 1911 of 83,409,167 in gross and of Group
Group 2 (101 ro a d s).E a st & M id d le .. 5 3 ,6 8 1 ,3 1 9 4 7 ,0 0 7 ,1 8 0
+ 6 ,6 7 4 ,1 3 3 14.20
3 (71 roads), M iddle W estern. 2 9 ,3 2 5 ,4 8 0 2 6 ,1 1 0 ,0 2 3
+ 3 ,2 1 5 ,4 5 7 12.31
86,861,744 in net. According to the exhibit of the Group
Groups 4 & 5 (96 roads), S o u t h e r n ... 3 1 ,0 6 8 ,8 9 5 2 8 ,7 8 9 ,5 1 7
+ 2 ,2 7 9 ,3 7 8 7.92
Groups 0 & 7 (81 roads, N orthw est
4 5 ,3 7 1 ,6 1 9 4 1 ,8 5 9 ,3 7 8
+ 3 ,5 1 2 ,2 4 1 8.39
Inter-State Commerce Commission, issued several Groups 8 & 9 (108 roads), S o u th w est- 3 5 ,7 5 0 ,4 1 7 3 3 ,0 0 3 ,1 2 6 + 2 ,7 4 7 ,2 9 1 8.33
Group 10 (47 roads), Pacific C o a s t .. . 1 2 ,585,282 11,3 8 5 ,7 1 0
+ 1 ,1 9 9 ,5 7 2 10.53
months later, and comprising 242,640 miles, the loss
T o ta l (523 r o a d s).................................... 218,0 3 1 ,0 9 4 1 9 7,278,939 + 2 0 ,7 5 2 ,1 5 5 10.52
was 83,456,863 in gross and 87, 032,202 in net. In
-------M ileage----------------------------- N e t E a rn in g s— ------------------ 1912.
1911.
1912.
1911.
I n c .( + ) o r D e c .(— ).
Feb. 1910 the showing was satisfactory as far as the
•S
s
s
%
Group N o . 1 ..................... 7,8 0 7
7,764 2 ,o i.5 ,2 0 9
l,s i7 ,9 6 3
+ 7 9 7 ,2 4 6 4 3.85
gross was concerned, but rising expenditures were Group
N o. 2 ..............
2 6 ,657
2 6 ,458 13,358,151 11,072,161 + 2 ,2 8 5 ,9 9 0 20.64
N o. 3
25,453 2 4 ,910 6 ,1 3 4 ,3 6 6
4,7 9 7 ,0 0 4 + 1 ,3 3 7 ,3 0 2 2 7 .8 8
already a feature at that time, and, accordingly, an GGroup
roups N os. 4 & 5 .
40,173 3 9 ,6 3 8 9 ,3 3 7 ,3 1 9 8 ,9 9 3 ,1 0 0
+ 3 4 4 ,2 1 9 3.83
N os. 6 & 7 .
65,544 64 ,9 2 8 11,8 3 1 ,2 2 6 1 1 ,0 4 2 ,8 9 8
+ 7 8 8 ,3 2 8 7.13
expansion of 828, 250,418 in gross receipts (according Groups
Groups N os. 8 & 9 .
55,337 5 1 ,1 3 2 9 ,3 7 8 ,6 1 3
7,6 5 1 ,0 6 9 + 1 ,7 2 7 ,5 4 4 2 2 .5 8
to the returns of the Commerce Commission) produced Group N o. 1 0 .................. 16,111 15,361 4 ,7 5 6 ,2 2 3 3 ,7 6 1 ,7 6 3 + 9 9 4 ,4 6 0 26.43
T o t a l ............................... 237,082 233,191 5 7 ,4 1 1 ,1 0 7 4 9 ,1 3 5 ,9 5 8 + 8 ,2 7 5 ,1 4 9 16.84
a gain in net of only 87, 734,299. In Feb. 1909, when
N O T E .— Group 1. Includes all of th e N ew England S ta tes.
the carriers were still retrenching on a large scale
Group I I . Includes all of N ew York and P en n sy lv a n ia e x c ep t th a t portion w e st
P ittsburgh and Buffalo; also all of N ew Jersey, D elaw are and M aryland, and
(owing to the policy inaugurated after the panic of of
th e extrem e northern portion of W est V irginia.
Group I I I . Includes all of Ohio and Indiana; all of M ichigan e x cep t th e northern
1907) a gain of 813,338,338 in gross was attended by peninsula, and th a t portion of N ew York and P en n sy lv a n ia w est of B uffalo and
P ittsburgh.
an augmentation of 811,883,173 in net. The year
Groups I V . and V . com bined include th e S outhern S ta te s so u th o f th e O hio and east
of th e M ississippi R iver.
Groups V I. and V II. com bined Include th e northern peninsula of M ichigan, all o f
before ( 1908) there were losses of tremendous magni
M innesota, W isconsin, Iow a and Illinois; all of So u th D ak ota and N orth D ak ota and
tude. Our compilation for Feb. 1908 recorded a de Missouri north of S t . Louis and K ansas City; also all of M ontana, W yom ing and
N ebraska, together w ith Colorado north of a lino parallel to th e S ta te lino passin g
D en v er.
.
. .
,
crease in gross of no less than 817, 713,009, or 12.55% , through
Groups V I I I . and I X . com bined Include all of K ansas, O klahom a, Arkansas and
Indian
Territory;
Missouri
south
of
S
t.
Louis
and
K
ansas
City;
Colorado
sou
th
o
and a decrease in net of 88, 764,602, or 25. 10% . Even D enver, th e w hole of T ex a s and th e bulk of Louisiana; and th a t portion of N ew M exf
ico north of a line running from th e northw est corner of th e S ta te through Santa F e
this was merely the falling off as registered by the roads and
ea st of a line running from Sa n ta F e to E l Paso.
X . Includes all of W ashington, O regon, Idaho, California, N ev ad a, U tah
contributing returns to our tables. On account of the andGroup
Arizona, and th e western part of N ew M exico.
generally poor character of the exhibits, some quite
important roads .withheld their figures at that time BANKING, FINANCIAL AND LEGISLATIVE NEWS.
and our tables covered only 151,580 miles of road,
— The p ublic sales of b a n k stock this week aggregate 107
whereas the total railroad mileage was in the neighbor shares, and were a ll made a t the S tock E xchan ge . N o tru s t
hood of 230,000 miles. We estimated at the time that com pany stocks were sold. S ix shares of H a n o v e r N a tio n a l
for the whole railroad system of the country the loss in B a n k stock were sold a t 650, an advance of 20 p o in ts o v e r
gross, as compared with the year preceding, must have the price p aid a t the la st p re viou s sale, w hich was m ade in
Decem ber 1911.
reached 826,000,000 and the loss in net 813,000,000. S h a r e s . B A N K S — N e w Y o r k . L o w . H ig h . C lo s e . L a s t p r e v io u s s a le .
In 1907, too, our February statement had shown a loss 3 3 C ity B a n k , N a t i o n a l .....................4 3 5 4 4 5 4 3 5 A p r il 1 9 1 2 — 4 4 0
6 6 C o m m e rc e , N a t . B a n k o f ______ 2 0 0
201
200
A p r il 1912
201
in net, though gross earnings then were still recording 2 F o u r th N a t io n a l B a n k _________2 0 0 3A 2 0 0 M 2 0 0 5-4 J a n . 19 1 2
205
6 H a n o v e r N a t io n a l B a n k _______ 6 5 0
650
650
D e c . 1911
630
moderate gains.
— T h e d eplorable disaster w h ic h befell the W h ite S ta r
In the following we give the February totals back to
1896. For 1911, for 1910 and for 1909 we use the steam er T ita n ic e a rly on M o n d a y m o rn in g , and the a p p a llin g
loss of life suffered w ith the s in kin g of the ship a fte r th e
Inter-State Commerce totals, but for preceding years collision w ith an iceberg, has resulted in the in tro d u c tio n in
we give the results just as registered by our own tables Congress of a n u m b e r of measures intended to m in im iz e the
each year— a portion of the railroad mileage of the p erils of sea t r a v e l. A Congressional in q u ir y in to the disaster
country being always unrepresented in the totals, is a lre a d y u n d er w a y u n d e r a u th o r ity of the fo llo w in g resolu
b y the U n ite d States Senate on the 17th inst.:
owing to the refusal of some of the roads to give out tioRne sadopted
o lv e d , T h a t t h e C o m m it t e e o n C o m m e r c e , o r a s u b - c o m m it t c c t h e r e o f .
Is h e r e b y a u th o r iz e d a n d d ir e c te d t o i n v e s t ig a t e t h e c a u s e s le a d in g t o th e
monthly figures for publication.
N e t E arnings.
Gross E arnings.
Y e a r.
Feb.
1896 . . .
1897 . .
1898 . . .
1899 . . .
1900 . . .
1901 . . .
1902 . . .
1903 . . .
1904 . . .
1905 . . .
1906 . . .
1907 . . .
1908 . . .
1909 . . .
1910 . . .
1911 . . .
1912 . . .
Year
Given.
Y ea r
Preceding.
Increase or
Decrease.
Y ea r
Given.
$
45,989,629
51,338,343
59,070,798
58,557,395
72,738,157
86,357,583
89,028,687
91,360,580
99,543,306
95,184,283
120,728,671
123,920,810
123,389,288
174,423,831
2 0 2 ,8 2 5 ,3 8 )
199,035,257
218,031,094
S
41,6 0 3 ,8 1 3
5 1 ,656,357
51,904,681
59,965,541
59,566,162
78,722,604
8 4 ,8 5 9 ,7 4 5
80,8 9 8 ,0 1 6
9 6 ,130,791
9 8 ,4 8 7 ,8 4 8
9 5 ,6 2 5 ,9 3 8
115,123,660
141,102,297
161,085.493
174,574,962
20 2 ,4 9 2 ,1 2 0
19 7,278,939
$
+ 4,3 8 5 ,8 1 6
— 318,014
+ 7,166,117
— 1,408,146
+ 13,171,995
+ 7 ,634,979
+ 4 ,168,942
+ 10,461,964
+ 3 ,4 1 2 ,5 1 5
— 3,3 0 3 ,5 6 5
+ 25,102,733
+ 8 ,7 9 7 ,1 5 0
— 17,713,009
+ 13,338,338
+ 28,2 5 0 ,4 1 8
— 3 ,456,863
+ 2 0 ,7 5 2 ,1 5 5
S
13,003,324
15,311,914
18,163,731
15,538,962
21,6 3 7 ,1 3 5
26,5 3 7 ,6 0 7
20,478,954
24,115,381
23,0 4 5 ,3 0 7
20,072,964
33,486,634
30,6 6 9 ,0 8 2
2 6,154,613
4 9 ,1 9 4 .7 6 0
5 0 ,976,253
49,888,584
57,4 1 1 ,1 0 7
Y ea r
Preceding.
Increase or
Decrease.
S
S
10,827,770 + 2 ,175,554
14,095,623 + 1,216,291
15,396,058 + 2 ,767,673
1 8 ,626,170 — 3 ,0 8 7 ,2 0 8
15,650,437 + 5 ,9 8 6 ,6 9 8
2 3 ,4 8 5 ,4 7 8 + 3 ,0 5 2 ,1 2 9
+ 555,168
2 5 ,923,786
+ 961,987
23,153,394
25,3 8 2 ,8 7 5 — 2 ,3 3 7 ,5 6 8
23,618,871 — 3 ,5 4 5 ,9 0 7
19,937,363 + 13,549,271
3 2 ,3 1 9 ,6 8 3 — 1,650,601
34,9 1 9 ,2 1 5 — 8 ,7 6 4 ,6 0 2
37,3 1 1 ,5 8 7 + 1 1,883,173
49,241,954 + 7 ,734,299
5 6 ,920,780 — 7,0 3 2 ,2 0 2
49,1 3 5 ,9 5 8 + 8,2 7 5 ,1 4 9
N o te .— Includes for F ebruary, 130 roads In 1896, 121 In 1897, 136 In 1898, 125 In
1899, 123 in 1900, 131 In 1901, 117 In 1G02, 106 In 1903, 101 In 1901, 98 In 1905,
101 In 1906, 94 In 1907; In 1908 th e returns were based on 151,580 m iles of road; In
1909, 232,007; In 1910, 239,725; in 1911, 242,640; In 1912, 2 37,082. N either the
M exican road3 nor th e coal-m lnlng operations of the anthracite coal roads arc In
clu ded In any of these to ta ls.
When the roads are arranged in groups or geographi
cal divisions, it is found that every division shows an
increase in both gross and net. Such a result is
obviously evidence of the generally favorable character
of the returns in different parts of the country. In
the net, however, the geographical division comprising
Groups 4 and 5 has a relatively small ratio of improve
ment— only 3 .83% . This division covers the railroad
systems in the Southern States south of the Ohio and
east of the Mississippi, where, as we have already seen,
rising expenses were a feature of the returns the present
year. Our summary by groups is as follows:
wreck o f t h e W h ite S ta r lin e r T i t a n ic , w it h Its a t t e n d a n t lo s s o f life , s o
s h o c k in g t o t h e c iv iliz e d w o r ld .
R e s o lv e d , F u r t h e r , t h a t s a id c o m m it t e e o r s u b - c o m m it t c c th e r e o f Is
h e r e b y e m p o w e r e d t o s u m m o n w i t n e s s e s , s e n d fo r p e r s o n s a n d p a p e r s , a n d
t o ta k e s u c h t e s t im o n y a s m a y b e n e c e s s a r y to d c t c im in e t h e r e s p o n s ib ilit y
th e r e fo r , w it h a v ie w t o s u c h le g is la t io n a s m a y b e n e c e s s a r y t o p r e v e n t
a s fa r a s p o s s ib le a n y r e p e t it io n o f s u c h a d i s a s t e r .
R e s o lv e d , F u r t h e r , t h a t t h e C o m m it t e e s h a ll in q u ir e p a r tic u la r ly in to t h e
n u m b e r o f l if e - b o a t s , lif e -c r a ft s a n d life -p r e s e r v e r s .arid o th e r e q u ip m e n t for
t h e p r o t e c t io n o f t h e p a s s e n g e r s a n d c r e w , t h e n u m b e r o f p e r s o n s a b o a r d
t h e T it a n ic , w h e t h e r p a s s e n g e r s o r c r e w , a n d w h e t h e r a d e q u a t e I n s p e c tio n s
w e r e m a d e o f s u c h v e s s e l, In v ie w o f t h e la rg e n u m b e r o f A m e r ic a n p a s s e n
g e r s tr a v e lin g o v e r a r o u te c o m m o n ly r e g a r d e d a s d a n g e r o u s fro m Ic eb er g s,
a n d w h e th e r It Is fe a s ib le fo r C o n g re ss t o ta k e s t e p s lo o k in g t o a n In ter n a
t io n a l a g r e e m e n t t o s e c u r e t h e p r o t e c t io n o f s e a t r a f f ic , in c lu d in g r e g u la tio n
o f t h e s iz e o f s h ip s a n d d e s ig n a tio n o f r o u t e s .
R e s o lv e d , F u r t h e r , t h a t In t h e r e p o r t o f s a id C o m m it t e e It s h a ll r e c o m
m e n d s u c h le g is la t io n a s It s h a ll d e e m e x p e d ie n t; a n d t h e e x p e n s e s In cu rred
b y t h is I n v e s tig a tio n s h a ll b e p a id o u t o f th e c o n t in g e n t fu n d o f th e S e n a t e
u p o n v o u c h e r s a p p r o v e d b y t h e C h a ir m a n o f s a id C o m m it t e e .
A sub-committee of seven m em bers, u n d er the c h a irm a n
ship of Senator W illia m A ld e n S m ith , who intro d uced the
resolution, was nam ed on T h u rs d a y b y the C o m m ittee on
Commerce to u n d e rta ke the in ve s tig a tio n , and a n o th e r sub
com m ittee of three was ap p o inted b y M r. S m ith to m eet th e
C a rp a th ia upon its a rr iv a l T h u rs d a y n ig h t w ith the T ita n ic 's
s u rvivo rs . These thre e m em bers, who w ill conduct a p re
lim in a ry hearing in N ew Y o rk , are Senators S m ith , B ourne
of Oregon and N ew lan ds of N eva d a . T h e y were accom
panied b y S ena to r R ansd ell, the Sergeant-at-Arm s of the
Senate, and D e p u ty Sergeant-at-Arm s Cornelius. T h e fo ur
o th e r m em bers of th e fu ll sub-comm ittee are Senators Per
kins of C a lifo rn ia, B u rto n of O hio, Sim m ons of N o rth
C aro lina and F le tc h e r of F lo rid a . J. B ruce Is tn a y , M anaging
D ire c to r of the W h ite S ta r Lin e , and one of the s u rv iv o rs ,
appeared before the C o m m ittee ye s te rd a y when the hearings
were opened a t the W a ld o rf.
I t is understood th a n an in
q u iry in to the disaster is also to be m ade b y the Lo nd o n
B oard of T ra d e . A m o ng the proposals before Congress th is
A pr . 20 1912.]
T H E C H R O N IC L E
week b earin g on m ore adequate safeguards fo r ocean passen
gers was a resolu tio n of S enato r M a rtin e fa v o rin g treaties
w ith o th e r m a ritim e g o vernm ents w ith a v ie w to d ire c tin g
th e course of a ll vessels engaged in the c a rry in g of passengers
a t sea, and co nferrin g as to a ll m a tte rs re la tin g to the safety
of such c ra ft and the passengers. S enato r P e rkin s has
offered a reso lu tio n calling upon e v e ry seagoing vessel to
c a rry a s uffic ien t n u m b e r of life-boats to tra n s p o rt e v e ry
passenger and e v e ry m em ber of the crew.
1095
in the m o n th fo r s tren g the n in g the levees. T h e a c tio n the
p resent week was ta ken in accordance w ith a reco m m end atio n
m ade b y P re s id e n t T a f t in a special message sent to Congress
on the 15th in s t. T h is called fo r an im m ed ia te a p p ro p ria
tio n , based on the estim ates m ade b y the S ecreta ry of W a r,
of a to ta l of $787,897, to be used in m eeting expenses in c id e n t
to the floods— the $300,000 referred to above; $275,000 to
cover expenses of the Q u arte rm aste r- G ene ral’s D e p a rtm e n t
in fu rn is h in g shelte r, forage fo r c a ttle and horses, tra n s p o r
ta tio n , & c .,a n d $212,879 11 w hich the Com m issary-G eneral
estim a ted w o uld be req u ired to cover the expenses of the
ra tio n s fo r d e s titu te persons in the flood regions.
T h e T ita n ic was on her m aiden t rip and le ft S o u th a m p to n
on W ednesday, A p r il 10. She was the newest, the largest
and the m ost sum ptuous ship a flo at. She carried a fu ll lis t
of passengers, com prising m a n y names w ell kn o w n on b o th
— T h e U . S. Senate on the 15th in s t. passed the b ill ap pro
sides of th e A tla n tic . She s tru c k an iceberg off the G rand p ria tin g $20,000 to enable the Presid e nt to propose and in v ite
B an ks of N ew fo u nd la nd on S un d a y, A p r il 14, a t a b o u t 10:30 foreign governm ents to p a rtic ip a te in an in te rn a tio n a l con
p. m . (N e w Y o r k tim e ) and sank a t a b o u t 2:20 on M o nday ference to p ro m o te an in q u ir y in to the hig h cost of liv in g .
m o rning . She had on board 330 first-class passengers, 320
— T he Senate Finance C o m m ittee decided on the 18th
second, 750 third-class and 940 officers and crew, m a k in g a in s t., b y a vote of 8 to 6, to re p o rt a d verse ly the b ill re visin g
to ta l of 2,340. O f this n u m b e r o n ly 705 were saved, w hich in the chem ical schedules, passed b y the House of R epresenta
cluded 202 first-class, 115 second-class, 178 third-class and tives in F e b ru a ry .
210 officers and crew. O f the m em bers of the crew saved 4
— A t a special m eeting of the N e w Y o r k S ta te B a r Associa
were officers, 39 seamen, 96 stewards and stewardesses and
tio n held on S a tu rd a y la s t a t A lb a n y , the d o ctrine of the re
71 firem en. T h e usual courage and d iscipline expected on a
c a ll of judges was denounced in a reso lu tio n u n a n im o u s ly
B ritis h ship w ere disp layed and the ru le of the sea, “ wom en
adopted, w h ic h calls fo r the a p p o in tm e n t of a co m m ittee of
and ch ild re n firs t,” seems to have been scru p u lo u sly ob
fifteen, w h ic h is to co-operate w ith the A m e ric a n B a r Asso
served. P ra c tic a lly e v e ry w o m an and child , w ith the excep
c ia tio n in o rd e r “ th a t the p rincip les in v o lv e d in the m o ve m e n t
tio n of those w ho refused to leave th e ir husbands, was saved.
fo r the recall of judges and ju d ic ia l decisions m a y b e th o r
T h e iceberg th a t caused the disaster, according to the m a n y
o u g h ly exp lained to the people.” T h e m eeting was a t
accounts, was la rg e ly subm erged, and the ship s tru c k a
tended b y fifty- fo u r m em bers, representing b a r associations
glancing b lo w w hich rip p ed h e r g re a t sides lik e a kn ife , b u t
of alm o st e v e ry c o u n ty of the S tate. T he action, i t is said, is
did no t g re a tly ja r the vessel. T h e steam er C a rp a th ia of the
p a rt of a p la n to have e v e ry S tate b a r association record its
C un ard L in e answered the wireless call fo r help, b u t a rriv e d
p o sition w ith respect to the recall m o ve m e nt in tim e to be
a fte r the T ita n ic had foundered. She picked up a ll of the
rep o rted a t the A u g u s t m eeting of the A m e ric a n B a r Asso
T ita n ic ’s passengers who had ta ken to the life-boats before
cia tio n. T he resolu tio n referred to above was offered b y
the ship w e n t dow n. T h e C a rp a th ia had le ft N ew Y o r k fo r
W illia m B. H o rn b lo w e r and is as follows:
the M e d ite rra n e a n la st S a tu rd a y , b u t w ith the call fo r assist
“ R e s o lv e d , t h a t It Is e s s e n t ia l t o t h e w e lfa r e o f t h e c o m m u n i t y , t h e
ance reversed h er course and came to the rescue of the T ita n ic . p e r p e tu a tio n o f o u r fr e e I n s t it u t io n s a n d t h e p r o t e c t io n o f t h e p e r s o n a l
l
ib
e r t y a n d p r o p e r ty r ig h ts o f t h e I n d iv id u a l, t h a t t h e I n d e p e n d e n c e o
A f te r p ic k in g up the T ita n ic s u rv iv o rs , she re tu rn e d d ire c t to
t h e j u d ic ia r y s h o u ld b e p r e s e r v e d a s e s ta b lis h e d b y t h e w is d o m o f t h e
N e w Y o rk , a rriv in g a t he r p ie r T h u rs d a y evening a t f o u n d e r s o f o u r I n s t it u t io n s , S t a t e a n d n a t io n a l.
R e s o lv e d , T h a t t h e r e c a ll o f ju d g e s o r t h e r e v e r s a l o f j u d ic ia l d e c is io n s
9:30 o’clock. Th e re were no t enough life-boats on the
b y p o p u la r v o t e w o u ld d e s t r o y t h e I n d e p e n d e n c e o f t h e ju d ic ia r y a n d t h e
T ita n ic to save m ore th a n a th ird of the passengers.
A m o n g the w ell-know n persons who are am ong the m issing
are Is id o r S tra u s, B e n ja m in G uggenheim , Charles M . H ays,
Col. John Jacob A s to r, M a jo r A rc h ib a ld B u tt, George D .
W id en e r, John B . T h a y e r, E d g a r J. M eye r, Clarence Moore,
W . T . Stead, J. B ra d le y Cum ings, &c. M r. S traus, who was a
p a rtn e r in the firm of R . H . M a cy & Co. and A b ra h a m &
S traus, was a m em ber of the F ifty - th ird Congress; he was a
d ire c to r in the H a n o v e r N a tio n a l B a n k and the Second N a
tio n a l B a n k of this c ity . M r. G uggenheim , Presid e nt of the
In te rn a tio n a l S team P u m p Co., was a son of M e ye r Guggen
heim , w ho founded the A m e ric a n S m e ltin g & R e fin in g Co.
M r. H ays was Presid e nt of the G rand T r u n k R y . Col. A s to r
was a d ire c to r of a n u m b e r of ra ilro a d companies, as w ell as a
m em ber of the board of the A s to r T r u s t Co., the N a tio n a l
P a rk B a n k , the P laza B a n k , a trustee of the N e w Y o r k L ife
In s ura n c e Co. and of the T it le G uarantee & T r u s t Co. M r.
W id e n e r is th e son of P. A . B. W id e n e r, the tra c tio n m agnate
of P h ila d e lp h ia .
M a jo r B u t t was Presid e nt T a f t ’s m ilita r y
aide. John B . T h a y e r was Second Vice-President of the
P e n n s ylva n ia It R .
M r. M e ye r was a b ro th e r of Eugene
M e y e r J r., the b anker. M r. Moore was a W a s h in g to n , D . C.,
banker. M r. Cum ings was a p a rtn e r in the N ew Y o r k Stock
E xchange house of Cum ings & M a rc kw a ld , and M r. Stead
was the e d ito r of the Lo nd o n “ R e vie w of R e vie w s .”
T h e House of R e presen tatives a d jo u rned a fte r a tenm in u te s ’ session ye s te rd a y o u t of respect to the m e m o ry
of the v ic tim s of the T ita n ic .
I m p a r tia l a d m in is t r a t io n o f j u s t ic e a n d d e p r iv e a ll c la s s e s o f t h e c o m
m u n i t y o f t h e p r o t e c t io n n o w a ffo r d e d t o I n d iv id u a l r ig h ts b y s u b s t it u t in g
fo r t h e tr a in in g , in te llig e n c e a n d c o n s c ie n c e o f t h e J u d ic ia r y a n d s e t t le d
r u le s o f la w , p u b lic c la m o r a n d a g i t a t io n a n d t h e c o n s t a n t l y v a r y in g
o p in io n s o f v o t e r s o v e r r u lin g t h e j u d g m e n t s o f t h e c o u r ts a n d p u n is h in g
t h e J u d g e s fo r u n p o p u la r d e c is io n s .
R e s o lv e d , T h a t t h e N e w Y o r k S t a t e B a r A s s o c ia t io n d e c la r e s I ts p r o fo u n d
c o n v ic t io n t h a t a n y s u c h r e v o lu t io n a r y p r o p o s a ls w o u ld b e f r a u g h t w it h
Im m e a s u r a b le d a n g e r t o o u r C o n s t itu t io n a l I n s tit u tio n s a n d t o t h e fu n d a
m e n ta l r ig h ts o f t h e I n d iv id u a l, r ic h o r p o o r , a n d It u r g e s t h e b a r o f t h e
S t a t e a n d o f t h e n a t io n t o u n i t e , ir r e s p e c tiv e o f p a r t y . In o p p o s it io n t o s u c h
p r o p o s a ls a n d in d e fe n s e o f a n I n d e p e n d e n t j u d ic ia r y .
R e s o lv e d , f u r th e r . T h a t a c o m m it t e e o f f ifte e n b e a p p o i n t e d b y t h e
P r e s id e n t o f t h e A s s o c ia t io n t o c o -o p e r a te w it h t h e A m e r ic a n B a r A s s o
c ia t io n a n d t h e b a r In e a c h o f t h e s e v e r a l c o u n t ie s o f t h is S t a t e In o r d e r
t h a t t h e p r in c ip le s I n v o lv e d in t h e m o v e m e n t fo r t h e r e c a ll o f ju d g e s a n d
j u d ic ia l d e c is io n s m a y b e t h o r o u g h ly e x p la in e d t o - t h e p e o p l e .”
R esolutions acknow ledging the existence of e vils in the
ju d ic ia ry , and suggesting the a p p o in tm e n t of a co m m ittee
to consider remedies were offered b y J. A s p in w a ll Hodge of
N e w Y o rk , b u t were voted down; the proposal, how ever,
of ex-Judge D C ady H e rric k th a t the B a r ta ke steps to in
vestigate w h e th e r there are a n y reasons fo r the existence of
the s e n tim e n t fa vo rin g the re c a ll,a n d ,if so, to suggest rem e
dies, was endorsed, and the co m m ittee a u th o rize d u n d e r the
re s o lu tio n rep o rted above was directed to u n d e rta ke such in
vestig a tio n.
— T h e O hio C o n s titu tio n a l C o n ve n tio n a t Colum bus on the
17th in st., b y a vo te of 50 to 48, decided ag ainst the p ro
posal p ro v id in g fo r the recall of S ta te and local officials, in
clud ing judges.
G o vern o r D ix signed on the 4 th inst. the b ill p ro
— I n its fin a l re p o rt, m ade p u b lic on the 7 th in s t., the v id in g fo r the a n n u a l e x a m in a tio n of savings banks.
N a tio n a l W a te rw a y s Com m ission recommends to Congress
— S enato r B a y n e ’s b ill, p e rm ittin g c e rta in corpora
th a t the p ow er of the In te r- S ta te Commerce Com m ission be tions to issue shares of stock w ith o u t n o m in a l o r p a r
extended so as to include co n tro l o ve r a ll w a te r lines. I t va lu e , was signed b y G ov. D ix a t A lb a n y on the 16th inst.
fu rth e r recommends th a t a ll w a te r lines be m ade sub ject to A s im ila r b ill has been before the L e g is la tu re several tim es in
the same rules and reg u la tio ns as are now imposed on r a il the past; in 1909, a fte r h a v in g passed b o th branches, it was
road corporations in so fa r as th e y are applicable. I n the vetoed b y G ov. Hughes. Fra ncis L y n d e Stetson has ta ke n
o p in io n of the Com mission the tim e has a rriv e d w hen steps an a c tive in te re s t in the proceedings to b rin g a b o u t the
should be ta ke n to p re ve n t the e lim in a tio n of w a te r compe en ac tm en t of the measure, and, i t is u n d ersto o d , d ra fte d
titio n th ro u g h ra ilro a d ow nership.
the b ill.
— U n d e r a new ru le adopted b y the P h ila d e lp h ia C learin g
— A b ill ca llin g fo r an a p p ro p ria tio n of $300,000 fo r the
purpose of m a in ta in in g and pro tecting , against the im p end ing House Association re la tiv e to the collection of checks on tru s t
floods, the levees on the M ississippi R iv e r and riv e rs tr ib u t a ry companies in P e n n s ylva n ia , the lia b ilit y of the collection of
th ereto was passed b y the House of R e presen tatives on the such checks w ill be carried b y the depositor instead of the
15th in s t. and b y the Senate on the 16th. T h is sum is in b a n k. T he P h ila d e lp h ia “ Press” states th a t the ru lin g is an
a d d itio n to the $350,000 em ergency fund a u th o rize d e a rlie r o u tg ro w th of the recent decision of the D a u p h in C o u n ty C o u rt
1096
THE CHRONICLE
in the case of the failed A m e ric a n T ru s t Co. of P h ila d e lp h ia ,
w here i t was held th a t the claim s of depositors of the com pany
to ok precedence o ve r the d ra fts g iven b y the in s titu tio n in
p a y m e n t of its ow n checks ju s t p rio r to its suspension. H e re
a fte r, i t is stated, the depositor w ill be lia b le u n t il the check
is a c tu a lly collected.
— George B . C aldw ell, Vice-President of the C o n tin e n ta l &
Com m ercial T ru s t & Savings B a n k of Chicago, w ho is p ro
m o tin g the e s ta b lishm en t of an In v e s tm e n t B a n k e rs ’ Section
of the A m e ric a n B an kers' Association, announces the a p p o in t
m e n t of the fo llo w in g G eneral O rg a n iza tio n C om m ittee:
G e o rg e B . C a ld w e ll,
f C o n t i n e n t a l & C o m m e r c ia l I C h i c a g o , 111.
C h a i r m a n -----------------\
T r u s t & S a v i n g s B a n k ___ /
L . B . F r a n k l i n _________ G u a r a n t y T r u s t C o __________ N e w Y o r k , N . Y .
do
do
A lle n G . H o y t __________ N . W . H a l s e y & C o __________
G e o . G a r r H e n r y ______ W m . S a l o m o n & C o __________
do
do
J . R . S w a n _____________ K e a n , T a y l o r <& C o ____________
do
do
do
do
L a w r e n c e C h a m b e r l a in . K o u n t z e B r o s ___ _____________
C h a s . S a r g e n t __________ K i d d e r , P e a b o d y & C o _______
do
do
H o r a t i o G . L l o y d ______ D r e x e l & C o __________________ P h i la d e l p h ia , P a .
G e o . W . K e n d r ic k 3 d ___E . VV. C l a r k & C o _____________
do
do
H . W . B r i g g s ................._ E . H . R o l li n s & S o n s _______ B o s t o n , M a s s .
S . W . W e b b ____________O ld C o lo n y T r u s t C o _________
do
do
J . L . M a r t in J r . ________E s t a b r o o k & C o _______________
do
do
C . T . W i l l i a m s ...................F i d e l i t y T r u s t C o ____________ B a l t i m o r e , M d .
H a r r y L . S t u a r t ................ N . W . H a l s e y & C o ....................... C h ic a g o , I llin o is
C h a s . H . S c h w e p p e ___ - L e e , H l g g l n s o n & C o . _ . .
do
do
C . F . C h i ld s ......................... - C . F . C h ild s & C o _________ _
do
do
F . R . F e n t o n ___________ . D e v i t t , T r e m b l e & C o _ ___.
do
do
C . H . M o o re J r ............- - W o o d i n , M c N e a r & M o o re
do
do
C h a s . C o u n s e l m a n ____ - S p e n c e r T r a s k & C o ___ __ _ _
do
do
I I . C . W a r d . .................... - J . S . & W . S . K u h n _____ __ P i t t s b u r g h , P a .
J . R . W a r d r o p ________ - H o l m e s , W a r d r o p & C o ___ . . .
do
do
W . S . H a y d e n _________ - H a y d e n , M ille r & C o _______ - .C l e v e l a n d , O h io
P . T . W h i t e ___________ - C l e v e l a n d T r u s t C o ________ - do
do
• ■
H a r r y E . W e i l ________ - W e l l, R o t h & C o ___ _______ . . C i n c i n n a t i , O h io
J . H e r n d o n S m i t h ____ - A . G . E d w a r d s & S o n s ___ — S t . L o u i s , M o .
D . A r t h u r B o w m a n ___ - D . A r t h u r B o w m a n & C o . .
do
do
H a r o l d K a u f f m a n ____ - G . H . W a l k e r & C o ____ __
do
do
W . R . C o m p t o n _______ - W m . R . C o m p to n & C o ___ _ _
do
do
H e n r y G . S c h w i t z g e b e l - C o m m e r c e T r u s t C o . ______. . K a n s a s C i ty , M o .
O. C . F u l l e r ......................... - W i s c o n s i n T r u s t C o _______ . M ilw a u k e e , W is .
E u g e n e M . S t e v e n s ____ - S t e v e n s , C h a p m a n & C o ___ - .M i n n e a p o l i s , M in n .
C . E d g a r E l l i o t t ---------- J o s e p h T . E l l i o t t & S o n s _____I n d i a n a p o l i s , I n d .
J . I t. M a rtin
-------------- J a s . I I . A d a m s & C o ________ L o s A n g e le s , C a l.
I I . W . N o b l e -------------------I I . W . N o b le & C o _________. . D e t r o i t , M ic h ig a n
J o h n I I . P o r t e r ................ . B o e t t c h e r , P o r t e r & C o _______ D e n v e r , C o lo r a d o
F . R . F e n to n , S e c re ta ry .
There is also a P u b lic ity C o m m ittee and a Special Com
m itte e on A m en d m en ts, the la t t e r consisting of Messrs.
F u lle r (C h a irm a n ), F ra n k lin , H o y t, K e n d ric k , W illia m s ,
H a yd e n , B o w m a n , C aldw ell, F e n to n , Schweppe and Counselm an. T h is special co m m ittee w ill m eet the E x e c u tiv e
Council of the A m e ric a n B a n k e rs ’ Association a t B ria rc liff on
M a y 6 and 7, a fte r w hich a t least one m eeting of the G eneral
O rg a n iza tio n C o m m ittee w ill be held a t some co nvenient
p o in t to be named la te r.
— Th e w o rk w h ich is being done b y the com m ittees fro m
th e d iffe re n t b a n k e rs ’ associations on A g ric u ltu ra l D eve lo p
m e n t and E d u c a tio n is the sub ject of a c irc u la r re c e n tly sent
o u t b y Joseph Chapm an Jr. of M inneap o lis. M r. C hapm an is
C h a irm a n of the A g ric u ltu ra l C o m m ittee of the A m e ric a n
B a n k e rs ’ A ssociation and of the E x e c u tiv e C o m m ittee w hich
represents the a g ric u ltu ra l com m ittees of e ig h t b a nkers’ asso
ciations in the N o rth w e s te rn States. M r. Chapm an urges
th a t a ll the S ta te associations a p p o in t a s ta nd ing com m ittee
on a g ric u ltu ra l d eve lo p m e nt and education, and advises th e ir
attendance a t the second a n n u a l conference of the C om m ittees
on A g ric u ltu ra l D eve lo p m e n t to be held in M innea p o lis and
S t. P a u l the second week of A u g u st. A s u m m a ry of some of
the special features w hich are h o ld in g the a tte n tio n of the
d iffe re n t com m ittees of the va rio u s b a n ke rs ’ associations is
fu rn ish ed b y M r. Chapm an as follows:
O r e g o n — H a s p l a c e d t w o fie ld e x p e r t s , t o v i s i t e a c h c o m m u n i t y a n d
s c h o o l in t h e S t a t e , o u t s i d e o f P o r t l a n d , f o r t h e p u r p o s e o f I n t e r e s t i n g t h e
c h il d r e n In a g r i c u l t u r a l d e v e l o p m e n t , t h e c i t y s c h o o ls a ls o b e in g o r g a n i z e d
a lo n g t h e s a m e l in e .
W a s h i n g t o n — I s r a i s in g $ 1 0 ,0 0 0 a m o n g t h e b a n k e r s t o a id In p u s h in g
a g r i c u l t u r a l e d u c a t i o n a l w o r k : v o c a t i o n a l e d u c a t i o n h a s t a k e n a g r e a t h o ld
o n t h e p e o p le o f t h a t S t a t e , a n d t h e b a n k e r s a r e a s s i s ti n g in a g r e a t m e a s u r e
in t h i s w o r k , a n d e x p e c t t o p a s s a g r i c u l t u r a l e d u c a t i o n a l la w s a t t h e n e x t
L e g i s l a tu r e , s im il a r t o t h o s e o f M i n n e s o t a .
K a n s a s . — H a s a p e r m a n e n t C o m m i t te e o f n i n e , c o n s is t in g o f t h e P r e s i d e n t
o f t h e a s s o c i a ti o n a n d o n e m e m b e r f r o m e a c h o f t h e C o n g r e s s io n a l d i s t r i c t s
o f th e S ta te .
T h i s s u b j e c t w ill h a v e a p r o m i n e n t p l a c e o n t h e p r o g r a m
o f th e S ta te C o n v e n tio n .
I ll in o i s .— I s s e n d in g o u t s u g g e s t i v e a n d d e f i n i te i n f o r m a t i o n i n c ir c u l a r s ,
l e t t e r s , p a m p h l e t s , & c ., o n t h e s u b j e c t o f b o y s ’ c o r n c lu b s , s o il - s a v i n g
le a s e c la u s e s , A c . W ill h o l d a c o n f e r e n c e w i t h a n u m b e r o f p r o m i n e n t
e d u c a t o r s a n d m e m b e r s o f t h e L e g i s l a tu r e t o d r a f t a b ill p r o v i d i n g f o r
a g r i c u l t u r a l e d u c a t i o n in a ll c o u n t r y s c h o o ls in t h e S t a t e .
I s w o rk in g fo r
b e tte r ro ad s.
I s t a k i n g a p r o m i n e n t p a r t In s e c u r i n g F e d e r a l a i d I n d e m o n
s t r a t i o n w o r k f o r a ll a g r i c u l t u r a l S t a t e s , s im il a r to t h a t n o w e n j o y e d b y t h e
S o u th e rn ^ S ta te s .
■
J S N o r t h D a k o t a — I s I s s u in g b u l l e t i n s t o b a n k s , c a l l i n g a t t e n t i o n o f t h e
m e m b e r s to v a r i o u s D h a s e s o f a g r i c u l t u r a l d e v e l o p m e n t . I n c l u d i n g g o o d
s e e d , l o ta tlo n o f c ro p s ,j& c .
I s c re a tin g s e n tim e n t to w a rd s th e p a ssa g e
o f r u r a l a id la w s , p r o v i d i n g S t a t e a i d f o r r u r a l s c h o o ls t h a t t e a c h a g r lc u t u r e ,
d o m e s tic ls c le n c e ja n d m a n u a l tr a in in g .^
r » 'I i n n e s o t a . — I s f o r w a r d i n g b u l l e t i n s t o a ll m e m b e r s r e g a r d i n g t h c " c o n d i t i o n o f t h e s e e d c o r n , a d v i s i n g f a r m e r s t o t e s t a ll j s e e d b e f o r e J s o w ln g :J th e I
[VOL. LXXXXIV.
c ir c u la r s a
c o p ie d b y a ll t h e l e a d i n g n e w s p a p e r s o f t h e S t a t e , a n d t h u s
g i v e n w id e p u b l i c i t y .
I s c o n s id e r in g p r o p o s e d l e g i s la t io n c o n c e r n i n g
r u r a l d e v e lo p m e n t.
H a s a rr a n g e d fo r a c o n fe re n c e w ith v a rio u s c o m
m e r c ia l o r g a n i z a t i o n s o f t h e S t a t e t o c o n s id e r t h e s e s u b j e c t s .
— Joseph A n d rew s, heretofore A s sis ta n t Cashier of the
B a n k of N ew Y o r k , N . B . A ., of this c ity , has been appointed
Cashier, to succeed George P. H a ll, w ho retire s a fte r serving
forty-one years in the b a n k ’s em p lo y.
H a rv e y E . W h itn e y
and W illia m R e id have been m ade A s sis ta n t Cashiers.
— A rtic le s in c o rp o ra tin g the Corn E xchan ge Safe Deposit
Co. of N e w Y o r k have been filed a t A lb a n y . T h e new o r
g a n iza tio n w ill have a c a p ita l of $200,000, and w ill be oper
ated in connection w ith the Corn E xchan g e B a n k of this c ity .
— A le x a n d e r H . De H a v e n , of the N e w Y o r k and P h ila
d elp hia S tock E xchan ge firm of D e H a v e n & Tow nsend, died
on the 16th inst. a fte r a b rie f illness. H e was in his seventys ix th y e a r. M r. De H a v e n was a d ire c to r of the S ta nd a rd
T r u s t Co. of this c ity .
— R o b e rt D . W in th ro p , a m em be r of the b a n kin g firm of
R o b e rt W in th ro p & Co., m em bers of the N e w Y o r k Stock
E xchan ge , died on the 16th in s t.
H e was a d ire c to r of the
Nassau C o u n ty T ru s t Co. of M ineo la and the Nassau L ig h t &
P o w er Co.
— T h e well-know n b a n kin g firm of W h ite , W e ld & Co.,
5 Nassau S t., this c ity , to-day announce the re m o v a l of
th e ir offices to the 2 0 th floor of the new B a n ke rs T ru s t Co.
B ld g ., a t 14 W a ll S t. The com pany w ill occupy the e n tire
2 0 th floor, w hich w ill p ro vid e m ore accom m odation fo r a ll
the d e p a rtm en ts of th e ir business. The f irm ’s new q u arters
are situ a ted w ith an abundance of d a y lig h t on three sides,
and the office equipm ent and furnishings are v e ry a ttractive.
— A t a m eeting of the d ire ctors of the G u a ra n ty T ru s t Co.
of this c ity on W ednesday, W . K . V a n d e rb ilt Jr. was elected
a m em ber of the board.
— E . K . S atterlee, who fo r the past seven years has been
connected w ith the G u a ra n ty T r u s t Co. of N e w Y o rk , has
been ap po inted a n a tio n a l b a n k e xa m in e r.
M r. S atte rlee has
been conspicuous as an a c tive w o rk e r in N e w Y o r k C h ap ter
of the A m e ric a n In s titu te of B a n k in g fo r several years, and
a t the tim e of his a p p o in tm e n t was C h a p ter Consul fo r the
G u a ra n ty T r u s t Co.
— T h e Mechanics B a n k of B ro o k ly n B o ro ug h is p re p aring
to open a b ra n c h a t T h ird A ve n u e and 51st S tre e t in th a t
borough. T h e premises w hich the proposed office w ill
occupy are opposite the fo rm e r b ranch of the failed B orough
B ank.
— R . L . C u rtis of F r a n k lin v ille , N . Y ., has been appointed
receiver fo r the failed F ir s t N a tio n a l B a n k of N ew B e rlin ,
N . Y ., w hich was closed on the 11th in s t., fo llo w in g the dis
co very of an alleged shortage in the accounts of F ra n k T .
A rn o ld , who resigned as Cashier on the 9 th inst. A n a c tu al
shortage of $70,000 is said to have been b ro u g h t to lig h t in
the firs t in ve s tig a tio n made b y the a tto rn e y fo r the b a n k .
I n its issue of the 13th in st., the U tic a “ D a ily Press” says:
“ Basing his figures upon a conference w ith the new Cashier,
M r. R orebeck (the n a tio n a l b a n k exa m in e r) said the b a n k
a p p a re n tly held d u m m y notes a m o u n tin g to $57,000 in b ills
receivable; the bond account was o u t p ro b a b ly $100,000 and
there were $100,000 in certificates of deposits o u ts ta n d in g not
on the books of the b a n k .” T h e b a n k had a ca p ita l of
$100,000; on Feb. 28 the dem and deposits were reported as
$209,727, w h ile the deposits sub ject to check were $157,311.
M r. A rn o ld had been connected w ith the in s titu tio n fo r over
t h ir t y years; he is said to have conducted i t in p ra c tic a lly
his own w a y, and, i t is rep o rted, was n o t in the h a b it of con
s u ltin g the c o m m ittee of d irectors delegated to pass on loans.
Since the disclosures of the past tw o weeks, he is reported to
have deeded to the b a n k p ro p e rty valued a t $50,000.
Plans
are being perfected to establish a new in s titu tio n to ta ke the
place of the closed b a n k, whose assets w ill be sold and tra n s
ferred to the proposed o rg a n iza tio n . A n in c id e n t to the
em b arrassm ent of the in s titu tio n is the action of th e Suprem e
C o u rt a t N o rw ic h , N . Y ., in re tu rn in g an in d ic tm e n t on the
17th in s t. a g ainst Charles E . H o lla n d of N e w Y o r k , charging
h im i t is stated w ith e x to rtio n in o b ta in in g $625 fro m
Cashier A rn o ld . T h e accused is said to have obtained the
m oney b y th re a ts to expose secrets and m ake p u b lic le tters
reflecting on A r n o ld ’s character.
— T h e B a yo n n e T r u s t Co., B ayo nn e, N . J., is to have a
new g ra n ite and m a rb le s tru c tu re to be erected on the site
a t B ro a d w a y and N in t h S tre et. T h e com pany was form ed in
1902 and has a c a p ita l of $100,000.
— R o b e rt K . R o o t was elected Vice-President of the M a rk e t
B a n k of B u ffa lo , N . Y ., on the 9 th in s t. H e is a d ire c to r
of the b a n k jv n d also of thejBank^ofj-Buffalo. • F ” | j.
A pr . 20 1912.j
1097
THE CHRONICLE
Savings In s tit u t io n of P itts b u rg h .T. I t has g ro w n to be one
of the larg est fin a n c ial in s titu tio n s of the c ity . It s la s t
sta te m e n t showed a c a p ita l of $600,000, surp lus and p ro fits
— C o nsideration of the question of consolidating the busi of $470,276 and deposits of $15,733,572. The present
ness of the A m e ric a n N a tio n a l B a n k of H a rtfo rd , Conn., w ith officials are: Jas. S. K u h n , P resident; L . M . P lu m e r and
th a t of the P h o e n ix N a tio n a l B a n k of th a t c ity , w hich was W m . S. K u h n , Vice-Presidents; W . J. Jones, S ecretary and
to have been ta ke n up b y the stockholders of the A m e ric a n Tre as u re r, and A . X . V o e g tly , A s sis ta n t Tre asu re r.
on the 9 th in s t., was deferred, o w ing to the p re se nta tio n of
— James B . H aines J r., P resid e nt of the d ry goods firm
a m odified p ro p o sition . U n d e r the e a rlie r offer i t was p ro
of James B . H aines & Sons, P itts b u rg h , has been made a
posed th a t the P h o e n ix ta ke o ver the assets and assume the
d ire c to r of the C o lu m b ia N a tio n a l B a n k , P itts b u rg h .
lia b ilitie s of the A m e ric a n , g uaranteeing to the la t t e r ’s stock
— I t is rep o rted th a t E d g a r G. M ille r Jr. w ill re tire fro m
holders the book va lu e of th e ir shares, n o t less th a n $87 50
per share. Accord ing to the H a rtfo rd “ C o u ra n t,” the new the presidency of the T it le G uara ntee & T r u s t Co. of B a lt i
p ro p o sitio n is to p a y $80 a share, plus the difference between m ore a few m on ths hence. H e has been a t the head of the
the la t t e r figure and the liq u id a tio n va lu e . T h e A m e ric a n T it le Co. fo r a b o u t th irte e n years, and i t is said to be his
in te n tio n to re tire fro m a c tive business. H e is also a direc
N a tio n a l has a c a p ita l of $600,000 in $50 shares.
to r of the B a ltim o re T r u s t Co., and was a d ire c to r of the old
— T h e d irectors of the U n io n T r u s t Co. of Providence,
B a ltim o re T ru s t & G uarantee Co. I t is stated th a t George
It . I. , have vo ted to p a y on M a y 4 the deferred v o tin g tru s t
C. M o rriso n, a Vice-President of the B a ltim o re T ru s t Co.,
certificates w hich, u n d er the p la n of reo rg a n iza tio n in M a y
w ill succeed M r. M ille r as P re s id e n t of the T it le Co.
1908, were issued to the stockholders. T h e o b ligatio ns to the
— T h e stockholders of the P a rk B a n k of B a ltim o re have
depositors u n d e r the reo rg a niza tio n p la n were discharged
w ith the p a y m e n t of the fin a l 10% in F e b ru a ry of the present decided to increase the paid-in c a p ita l fro m $50,000 to $100,
y e a r. T h e deferred certificates were issued to the stock 000, the au th o rized a m o u n t. T h e a d d itio n a l stock (p a r $10)
holders in 1908 in exchange fo r th e ir holdings, w hich were w ill be offered to the present stockholders. T h e d ire ctors
transferred u n d er a vo tin g tru s t agreem ent to A r t h u r L . have declared a d ivid e n d of 2 1 4 % , an increase of 1 % o ve r
B ro w n , R a th b o n e G ard ne r, A r t h u r L . K e lle y , H e n ry D . the in it ia l p a y m e n t la s t ye a r.
— T h e C in c in n a ti Clearing-House A ssociation has ta ke n
Sharpe and H e rb e rt J. W e lls, as vo tin g trustees.
W h e n the
a rrang em ents u n d er w hich the stockholders w ill receive charge of the Second N a tio n a l B a n k of th a t c ity and has
back th e ir stock are carried in to effect, M r. G ard ne r, i t is guaranteed the p a ym e n t of its depositors. 'I he action is
stated, w ill re tire as head of the com pany. I t is understood due to losses w hich are said to have w iped o u t the $2,000,000
th a t w hen he accepted the presidency a t the tim e of the re combined c a p ita l and surp lus of the in s titu tio n ; a ll of the
o rg a n iza tio n , he agreed to o fficiate in th a t ca p ac ity o n ly u n til old d irectors, w ith one exception, have resigned, and a new
the fu ll re h a b ilita tio n of the com pany should be effected. board, representing the Clearing-House banks, has been
In te re s ts frie n d ly to M arsden J. P e rry and S am uel M . N ic h o l elected to serve u n t il the shareholders have perfected plans
son, i t is said, w ill co ntinue in co n tro l of the in s titu tio n , fo r the in s titu tio n ’s re-organization. H a r r y L . La w s has
and efforts arc being p u t fo rth to induce the la tte r to consent te m p o ra rily replaced E . E . G a lb re a th as President. T h e
to (ill the vacancy w hich M r. G a rd n e r’s resig natio n w ill cre s ta te m e n t g ive n o u t b y the Clearing-House Association in
— B a in b rid g e D . F o lw c ll was elected to the d ire c to ra te of
the B a n k of B u ffa lo , B u ffa lo , on the 9 th inst.
ate.
the m a tte r says:
The
C i n c in n a t i
C le a rin g -H o u s e
A s s o c ia t io n
has
u n d e rta k e n
th e
re
— T . Jefferson Coolidge J r., fo un der of the O ld Colony o r g a n i z a t i o n o f t h e S e c o n d N a t i o n a l D a n k o f C i n c in n a t i a n d g u a r a n t e e s
T r u s t Co. of B oston, and e q u a lly as p ro m in e n t in in d u s tria l I ts d e p o s i t s .
,
,
A ll o f t h e m e m b e r s o f t h e p r e s e n t b o a r d o f d i r e c t o r s h a v e l e s i g n - d , a n l
as in financial affairs, died on the 14th in s t. I l l h e a lth , i t is
t
h
e
f
o
llo
w
in
g
b
o
a
r
d
h
a
s
b
e
e
n
e
le
c
t
e
d
:
, .
stated, had p revented M r. Coolidge fro m ta k in g an a c tive
W . S . R o w e , P r e s i d e n t o f t h e F i r s t N a t i o n a l B a n k ; C h a r le s A . H i n s c h ,
in te re s t in business fo r o ver a ye a r; he had spent the past P r e s i d e n t o f t h e F i f t h - T h i r d N a t i o n a l D a n k ; C liffo rd B . W r i g h t . P r e s i d e n t
w in te r in the S outh, and had o n ly a few weeks ago re tu rn e d o f t h e U n i o n .S a v in g s B a n k & T r u s t C o .; F r e d e r i c k H e r t e n s t c i n , P r e s i d e n t
of th e W e ste rn G e rm a n B a n k ; B . I I . K ro g e r, P re s id e n t of th e P r o v id e n t
to his sum m er home a t M anchester, Mass., w here his d eath S a v i n g s B a n k & T r u s t C o .; C a s p e r H . R o w e , V i c e - P r e s id e n t o f t h e M a r k e t
occurred. M r. Coolidge was fo rty- nine years of age, h a v in g N a t i o n a l B a n k ; C h a r le s E . W il s o n , P r e s i d e n t o f t h e F o u r t h N a t i o n a l B a n k ;
been b o rn on M a rch 16 1863. H e was b u t twenty-seven H a r r y L . L a w s o f J a m e s H . L a w s & C o ., a n d J o h n O m w a k e , P r e s id e n t, of
n ite d S ta te s P la y in g C a rd C o.
years of age w hen he established the O ld C olony T r u s t Co. t h eH U
a r r y L . L a w s h a s b e e n e le c t e d P r e s i d e n t .
in 1890; he was its firs t Preside nt and continued in th a t
T h e n ew b o a r d w ill m a n a g e th e b a n k u n til th e s h a re h o ld e r s h a v e fo rm u
office u n t il 1903, w hen he became C h a irm a n of the E x e c u tiv e a t e d p l a n s f o r i t s r e o r g a n iz a t io n t o t h e s a t i s f a c t i o n o f t h e C o m p tr o l le r
y.
C o m m ittee , w h ich post he held a t the tim e of his d eath. H e o f t h Fe I Rc uSrTr e nNc A
T IO N A L B A N K , b y W . S . R o w e , P r e s id e n t;
F I F T H - T H I R D N A T I O N A L J B A N K , b y C h a r le s A . H i n s c h , P r e s i d e n t ;
had also, since 1904, been P resid e nt of the B a y S ta te T ru s t
F
O
U
R
T
H
N
A T I O N A L B A N K , b y C h a r le s E . W il s o n , P r e s i d e n t ;
Co., and since 1890 had been a Vice-President and d ire c to r
C I T I Z E N S ' N A T I O N A L B A N K , b y G . P . G r i f f it h , P r e s i d e n t ;
of the N a tio n a l B a n k of Commerce of B oston. F o r a tim e
G E R M A N N A T I O N A L B A N K , b y G e o rg e H . B o h r c r , P r e s i d e n t ;
W E S T E R N G E R M A N B A N K , b y F r e d e r i c k H e r t c n s t e i n , P r e s i d e n t;
d u rin g 1907 he was P resid e nt of the A m e ric a n T r u s t Co.
A
T L A S N A T I O N A L B A N K , b y W m . G u c k c n b e r g e r , V i c e - P r e s id e n t ;
H e had also been P resid e n t and a d ire c to r of the Law rence
M A R K E T N A T I O N A L B A N K , b y C a s p e r H . R o w e . V i c e - P r e s id e n t ;
M a n u fa c tu rin g Co. T h e d iv e rs ity of his interests is in d i
C IT Y I I A L L B A N K , b y G eo rg e S c h m d t, P r e s id e n t;
U N I O N S A V I N G S B A N K & T R U S T C O ., b y C . B . W r i g h t , P r e s i d e n t ;
cated in the fa ct th a t he was a d ire c to r of the A m e ric a n B ell
C E N T R A L T R U S T & S A F E D E P O S I T C O ., b y A . C . S h i n k le .
Telephone Co., the A m e ric a n Telephone & Te le g ra p h Co.,
P r e s id e n t.
the W e ste rn
U n io n
Teleg rap h C om pany, the E dison
P R O V I D E N T S A V I N G S B A N K & T R U S T C O ., b y B . I I . K r o g e r .
P r e s id e n t;
E le c tric Illu m in a tin g Co., the G eneral E le c tric Co., the
M em b ers o f the C in c in n a ti C lc a rin q -llo u se A sso cia tio n
Boston E le v a te d R a ilw a y Co., the Seaboard A i r L in e R a il
T h e conclusion of the C learin g House to stand b ehind the
w a y , the Am oskcag M a n u fa c tu rin g Co., &c., &c. M r. Cool
idge was a H a rv a rd g rad uate and a son of T . Jefferson Second N a tio n a l was reached la te S u n d a y n ig h t, a fte r
Coolidge, now in his e ig h tie th yea r, fo rm e r A m bassador several d a ys’ conference, and the com pletion of the e xa m in a
tio n of the paper of the b a n k w h ic h convinced the Association
to France.
of
the solvency of the in s titu tio n . T h e p rim a ry cause of (he
— W illia m F . H a r r it y , fo rm e rly C h a irm a n of the D em o
c ratic N a tio n a l C o m m ittee and a d ire c to r of several fin a n c ial em b arrassm ent of the-bank, is, according to the C in c in n a ti
in s titu tio n s of P h ila d e lp h ia , died on the 17th in s t.
M r. “ E n q u ire r” , excessive and bad loans. T h e “ E n q u ire r” says:
H a r r it y was also fo rm e rly P o stm aster of the c ity of P h ila
d elp h ia and S ecreta ry of the C o m m o nw e a lth of P e n n s yl
v a n ia . T h e o rg anizatio ns of whose board he was a m em be r
are the E q u ita b le T ru s t Co. of P h ila d e lp h ia (of w hich lie
was a t one tim e P reside nt), the F r a n k lin N a tio n a l B a n k ,
the M a rk e t S tre e t N a tio n a l B a n k of P h ila d e lp h ia , the M u tu a l
L ife Insurance Co. of N ew Y o rk , the P h ila d e lp h ia E le c tric
Co., the A m eric a n R a ilw a y s Co., the K ansas C ity S o u th e rn
ll y . , the L e h ig h V a lle y T ra n s it Co., the M id la n d V a lle y
R I l. , &c., &c.
— W a lte r J. S te in m a n has been elected A s sis ta n t Cashier
of the S o u th w a rk N a tio n a l B a n k , P h ila d e lp h ia .
— T h e P itts b u rg h B a n k fo r Savings, P itts b u rg h , cele
b ra te d its fiftie th a n n iv e rs a ry on the 11th in s t. I t was o r
ganized A p r il 11 1862,^and was o rig in a lly styled th e JD im o
T h e w o r s t lo s s c o m e s t h r o u g h t h e i n t e r l o c k e d b u s in e s s r e l a t i o n s w i t h t h e
d e f u n c t C i n c i n n a t i T r u s t C o ., w i t h w h ic h t h e S e c o n d N a t i o n a l w e n t " h a l f
a n d h a lf ” o n th e F o rd & J o h n s o n C o . T h is c o n n e c tio n a n d in tim a te
a s s o c i a t i o n o f t h e t w o i n s t i t u t i o n s h a s c o s t t h e S e c o n d N a t i o n a l n o t le s s
t h a n $ 1 ,5 0 0 ,0 0 0 in a c t u a l c a s h t h r o u g h v a r i o u s v e n t u r e s , t h e b i g g e s t
o f w h ic h is t h e F o r d & J o h n s o n C o ., in w h i c h t h e S e c o n d h a s $ 9 2 0 ,0 0 0 .
N e x t t o t h e F o r d & J o h n s o n t h e r e is a l o s s o f $ 1 5 0 ,0 0 0 t h r o u g h a B i r m i n g
h a m ( A la .) b a n k ; a b o u t $ 2 5 0 ,0 0 0 o f m i s c e l l a n e o u s lo s s e s t h r o u g h v a r i o u s
i n v e s t m e n t s a n d u n d e r w r i t i n g s in a C o l o r a d o r a i l r o a d in t h e C r i p p le C r e e k
d i s t r i c t a n d in t h e B u f f a lo & S u s q u e h a n n a R y . ; a c h a r g e o ff o f $ 3 0 0 ,0 0 0
o r d e r e d b y t h e G o v e r n m e n t o ff t h e b u i l d i n g , f u r n i t u r e a n d f i x t u r e s a c c o u n t ,
w h ic h r e d u c e s i t t o b e t w e e n $ 3 5 0 ,0 0 0 a n d $ 4 0 0 ,0 0 0 a s a n a s s e t , a n d a n
a c c u m u l a t i o n o f s m a l l lo s s e s o f p a s t y e a r s t h a t a r c c a r r i e d a s " h o p e f u l s "
b e c a u s e o f l a w s u it s b r o u g h t b y t h e b a n k t o r e c o v e r .
T h i s m a k e s a g r a n d t o t a l o f $ 1 , 6 5 0 ,0 0 0 o f s t u f f t h a t h a s a c t u a l l y b e e n
f o r c e d o u t o f t h e b a n k a s l iv e a s s e t s b y t h e C l e a r i n g H o u s e E x a m i n e r a n d
th e G o v e rn m e n t.
O n to p o f th is th e in d iv id u a l m e m b e rs o f th e d ire c to r a te
a r e s a i d t o h a v e b o r r o w e d s u m s t h a t a g g r e g a t e c lo s e t o $ 5 0 0 ,0 0 0 o n t h e i r
o w n n o te s a n d o n s e c u r itie s t h a t a r e o f q u e s tio n a b le v a lu e .
H e a v y re
c o v e r i e s h a v e a l r e a d y b e e n m a d e o n t h e s e b o r r o w in g s b y d i r e c t o r s a n d
f u r t h e r r e c o v e r ie s o f l a r g e s u m s a r e in p r o s p e c t .
1098
THE CHRONICLE
A n assessment of 100% on the S I, 000,000 c a p ita l of th e
Second N a tio n a l was ordered b y the C o m p tro lle r of the
C u rre n c y on the 15th in s t. T h e stockholders, it is u n d e r
stood, w ill ho ld a special m eeting n e x t m o n th to co nsid er
th e plans w ith respect to the fu tu re of the b a n k.
The
deposits of th e in s titu tio n am ounted to 8 % m illio n d o llars
on D ecem ber 5, and i t is said to hold $400,000 of c o u n ty
fu nd s. C in c in n a ti is one of the cities where the C le a rin g
house system of e x a m in a tio n has been adopted. T h e
d e p a rtm e n t was ina u g u ra te d there some m on ths ago, w ith
S am u el L . M cCune as C hief E x a m in e r.
A n e x a m in a tio n
of the Second N a tio n a l, i t is stated, was m ade b y h im on
J a n u a ry 30, and he is rep o rted to have exercised super
v is io n o ver i t in F e b ru a ry ; based on his re p o rt, the b a n k is
said to have been called upon to m eet c e rta in req u irem e nts
of the C learing House C o m m itte e b y A p r il 1 and certain
o thers b y A p r il 15. A n appeal to the C o m m ittee , the
“ E n q u ir e r ” states, was made b y the b a n k on the 6 th inst.,
w hen i t found its e lf helpless in the s itu a tio n . T h e n a tio n a l
b a n k e x a m in e r also interested him self in the m a tte r, w ith the
results as ind icated above. M r. M cCune was this week made
V ice- President of the b a n k, succeeding W illia m A lb e rts . The
C lea rin g House, i t is understood, has consented to release
h im te m p o ra rily fo r a few weeks pending the reo rg a niza tio n
of the b a nk.
— W m . B. C o n k lin , fo r m a n y years an officer of the P ra irie
S ta te and the P ra irie N a tio n a l banks of Chicago, has accepted
an a p p o in tm e n t as the a c tive Vice-President of N o rth W e st
S ta te B a n k ,o f w hich the o th e r officers are Joseph R . N oel,
P resid e n t; James D a vis , Vice-President; A lb e r t S. Boos,
Cashier; F ra n k W . H a u sm a n n , A s sis tan t Cashier.
— Ben G. V e rn o r has been m ade A ssistan t to the P resident
of the O ld D e tro it N a tio n a l B a n k , D e tro it, to succeed the la te
Ir v in e B. U ng er.
M r. V e rn o r lias been w ith the b a n k for
tw e n ty- tw o years, and p rio r to His present p ro m o tio n was an
A s sis ta n t Cashier.
— George S. B a k e r, an A s sis tan t Cashier of the D e tro it
Savings B a n k , D e tro it, has been elected Cashier of the in s ti
tu tio n to succeed the la te C yru s Boss.
— I I . B . M u n d t has been m ade A s sis ta n t Cashier of the
W isconsin S ta te B a n k , M ilw a u ke e ; he had been connected
w ith the M erc h a n ts ’ & M a n u fa c tu re rs ’ B a n k of the same
c ity fo r the past fo u r years.
— A u nio n of the interests a ffilia te d w ith the C e n tra l B a n k
& T ru s t Co. of M em p his, the S ta te N a tio n a l B a n k and the
U n ite d S tates T r u s t & S avings B a n k is proposed in a rra n g e
m ents w hich are said to have the a p p ro v a l of the respective
directors, and a lre a d y endorsed b y the stockholders of the
C e n tra l.
I t is expected th a t these proceedings, if con
s um m ate d , w ill re s u lt in the e s ta b lishm en t of tw o in s titu
tions, to be operated jo in t ly — the C e n tra l S ta te N a tio n a l
B a n k and the C e n tra l S ta te Savings & T ru s t Co. As in
dicated in o u r issue of N o ve m b e r 4 of la st ye a r, the sto ck
holders of the S ta te N a tio n a l B a n k ow n a ll of the stock
($100,000) of the U n ite d States T r u s t & Savings B a n k .
T h e S ta te N a tio n a l B a n k has a c a p ita l of $250,000, w h ile
the C e n tra l B a n k & T ru s t Co. has a c a p ita l of $500,000.
— T h e Texas T ru s t Co. of A u s tin filed its c h a rte r w ith the
S ecreta ry of S ta te on the 4 th inst.
I t has a c a p ita l of
$200,000, and a surp lu s of $25,000 w ill be created th ro u g h the
sale of the stock a t $112 50. F o rm e r S ta te T re a s u re r Sam
S p a rks is to be P resident of the com pany.
— P . A . G o rm an, S r., has been elected P resid e nt of the
E xch an g e N a tio n a l B a n k of W aco, T e x ., to succeed the la te
D a n ie l S. E d d ins. Jo hn F . W rig h t, w ho was Cashier of the
in s titu tio n has been made a c tive Vice-President w hile W . W .
Woodson, Cashier of the F ir s t N a tio n a l B a n k of M a rt, Texas,
has been chosen to succeed M r. W r ig h t as Cashier of the
E xchan ge N a tio n a l.
— T h e new S e c u rity N a tio n a l B a n k of Pasadena, Cal., w ill
open fo r business as soon as its handsome new b a n kin g q u a r
ters are com pleted. T h is in s titu tio n , of w hich E . H . M a y,
fo rm e rly President of the F ir s t N a tio n a l B a n k of th a t c ity , is
th e head, has a te m p o ra ry c a p ita l of $100,000 and surp lus
of $10,000, the stock h a vin g been la rg e ly over-subscribed a t
$110 in less th a n five days. T h e lo cation of the new b a n k
is in the h e a rt of the business section and its e q u ip m e n t and
fix tu re s w ill be the finest in the c ity .
M assive new safety
deposit v a u lts are now being ins ta lle d ; the m a in v a u lt is
18x20 feet, the m a in c irc u la r door w eighing 10 tons. Asso
ciated w ith M r. M a y in the new b a n k ’s m anag em ent w ill be
H a rris o n I. D ru m m o n d , fo rm e rly of N ew Y o rk and S t. Louis,
[VOL. L X X X XIV .
who w ill be a c tive Vice-President; N . E . M acbeth w ill be
Cashier and E . C. M a y , A s sis tan t Cashier.
— George I . H a m , P resid e n t of the d efunct U n ite d States
B a n k in g Co. of M exico C ity , was sentenced on the 3d inst. to
tw e lve ye a rs ’ im p riso n m e n t on three counts in an in d ic tm e n t
charging h im w ith the m is a p p lic a tio n of the b a n k ’s funds.
T h e in s titu tio n closed its doors Jan. 26 1910.
P% 0 txctanii(£o mm cvcLtl
(F ro m o u r ow n c o rre s p o n d e n t.)
L o n d o n , S a t u r d a y , A p r i l 13 1912.
T h e B o ard of T ra d e re tu rn s fo r M a rch w hich were issued
a t the b eg inning of the week have surprised eve ryb o d y .
T h e y show fo r the m o n th of the great s trik e an increase in
the im p o rts o f as m uc h as £2,649,567, or 4.5 per cent; in th e
e xp o rts there is a decrease of no m ore th a n £149,941, o r
0.3 per cent, w h ile in the re-exports there is a v e ry large
increase of £1,692,040, o r 18.4 per cent. O f course, there
is a large decrease in the e x p o rt of gold, b u t the increase in
o th e r articles is such th a t the net decrease in the w hole
e x p o rt trad e of the c o u n try is no m ore th a n is stated above.
I t is d iffic u lt to account fo r such a state of things, since
so m a n y factories were closed, and so large a p ro p o rtio n of
the p o p u la tio n was e ith e r a c tu a lly idle o r w o rk in g sh o rt
tim e . T h e o n ly e xp la n a tio n th a t can be offered is th a t
a t the end of F e b ru a ry there was an e x tra o rd in a ry pressure
to get w o rk com pleted, and th a t, therefore, e a rly in M a rch
the a m o u n t of b o th e xp o rts and im p o rts m ust have been
e xc e p tio n a lly g reat.
W h a te v e r e xp la n a tio n is accepted,
the fact rem ains th a t, ju d g in g b y the B oard of T ra d e re tu rn s,
v e ry lit t le im pression was m ade b y the g re a t s trik e upon the
trad e of the c o u n try . N o d o ub t prices were high. I n
some cases th e y were v e ry e xc e p tio n a lly high, o w ing to the
s trik e . B u t the rise in prices was never expected to neu
tra liz e the d islocation of business th a t a c tu a lly took place.
I t is n o te w o rth y , fu rth e rm o re , th a t the Clearing-house
re tu rn s show a s im ila r state of things. F o r exam ple, the
Lo nd o n C learing House re tu rn s for the five weeks ended
w ith A p r il 3 record a decrease of no m ore th a n 1.4 per cent;
w h ile the clearings th ro u g h the ten p rin c ip a l p ro vin c ia l
tow ns show an increase of 2.3 per cent.
In the case of
L iv e rp o o l alone the increase is as m uch as 7.2 per cent.
W h e tn e r the in te rru p tio n of trad e w ill m ake itse lf serio usly
fe lt in the im p o rts and exp o rts of the present m o n th rem ains
to be seen. M eanw hile, the s trik e is p ra c tic a lly over, tho ug h
o n ly a b o u t h a lf the m iners have y e t a c tu a lly re tu rn e d to
w o rk . T h e feeling in trad e circles continues hopeful, and
upon the Stock E xchan ge, tho ug h there has been some set
back this week, and less a c tiv ity , there is y e t an o p tim istic
feeling. E v e ry b o d y is hoping th a t the setback is m e re ly
caused b y the desire of successful operators to take th e ir
pro fits, and th a t we shall v e ry s h o rtly see a resum p tio n of
a c tiv ity .
On the o th e r hand, m oney in the open m a rk e t
continues to be b o th scarce and dear. T h e B a n k of E n g la n d
has complete control of the open m a rk e t. T h is week the
m a rk e t has had to b o rro w again fro m the B a n k , and it has
renewed considerable am o unts th a t fell due d u rin g the
week. T h e general exp e ctatio n now is th a t the B a n k w ill
re ta in control fo r some m onths since the G o ve rn m e n t is
keeping u n u s u a lly large balances, and the Chancellor of
the E xc h eq u er in his B u dg e t s ta te m e nt announced th a t
the large surp lus of 6 % m illio n s s te rlin g w ill no t be em
ployed in the red em p tio n of d ebt as in no rm al tim es it w ould
be.
U po n the C o n tin e n t there has also been m ore quietness
on the bourses tha n fo r somel ittle tim e past. P a r tly this
is due to the continued scarcity of m oney. T he re is a
general apprehension th a t there w ill be a considerable de
m and fo r gold b o th fro m N e w Y o r k and fro m A rg e n tin a
d u rin g the n e xt three m onths. T h e A rg e n tin a m aize crop
promises to be the largest ever g row n, and as the e x p o rt
season begins in M a y, it is apprehended th a t A rg e n tin a w ill
be able to take a considerable a m o u n t of gold. As regards
N ew Y o rk , the fear is th a t the surp lu s reserves have ru n
so low th a t i t m a y be necessary to d ra w upon the large
balances w hich stand to the cred it of N ew Y o r k in E uro pe .
Consequently, as m oney is b o th scarce and dear a lre a d y
a ll o ver E u ro p e , there is some apprehension th a t a d ra in
of gold m ig h t cause a general and serious fa ll. On the o th e r
hand, the B a n k of E n g la n d is exc e p tio n a lly strong, and
w o uld be able to p a rt w ith some m illio n s w ith o u t serious
inconvenience. T h e B a n k of France, how ever, is w eak
fo r France, and as th e French banks arc no longer financing
trad e in G erm a n y, th e G erm a n su p p ly of cash is sm a ll.
M o ney in V ien n a, like w ise, is b o th scarce and dear. I t is
im p ro bab le, therefore, th a t gold could be o b tained in a n y
considerable am ounts e ith e r fro m P a ris or B e rlin or V ien n a,
if b o th N ew Y o r k and Buenos A y re s were d ra w in g upon
Lo nd o n on a large scale a t the same tim e .
T h e In d ia Council offered fo r tender on W ednesday 60 lacs
of its b ills and telegraphic transfers a nd the a p plicatio ns
am ounted to n e a rly 57 1% lacs a t prices ran g ing fro m Is.
4 l-32d. to Is. 4 l-16d. per rupee. A p p lic a n ts fo r b ills a t
Is. 4 l-32d. per rupee were a llo tte d 10 per cent and above
in fu ll, w h ile ap plicants fo r telegraphic transfers a t Is.
4 l-16d. per rupee were a llo tte d 10 per cent.
English Financial M arkets—Per Cable.
T h e d a ily closing q u o ta tio n s fo r securities, &c., a t Lo nd o n,
as rep o rted b y cable, have been as fo llo w s the p a st week:
London.
Week ending A p ril 19.
Sat.
M on.
S ilv e r, p e r oz ........................ d . 27
26 %
C onsois, 2 % p e r c e n ts ______ 77 15-10 78 1-16
F o r a c c o u n t _______ ______ . 78 1 16 78 3-1C
92.50
F re n c h R e n te s (In P a r is ) , fr . 92.90
82 X
A m a lg a m a te d C o p p er C o_ . 8 2%
85%
A m c r. S m e lt. & R e fin in g Co 87
8X
8X
b A n a c o n d a M ining C o _____
110%
1105-s
106
106
110
B a ltim o re & O h io ................. 110X
00%
oo X
2 59%
.256
81X
82 X
18%
19%
C hicago G re a t W e s te rn -----112%
C hicago M ilw . «fc S t. P a u l . . .113
24
24
43
44
38%
E ric
.................................... 39 X
56 %
57 X
F irs t p r e f e r re d -------------48
Second p r e f e r re d ----------- 4 7 X
1 34%
G re a t N o r th e r n , p re fe rre d . 135
132%
.1 3 3 %
162%
L ouisville & N a s h v ille ------- .1 6 3 %
30%
M issouri K a n sa s & T e x a s .. 3 0 X
66%
P r e fe r re d ............................... 66 X
44
4 3%
M issouri P a c l f l c ---------------6 5%
N a t. R R . o f M e x ., 1st p r e f . 65 %
30%
Second p r e f e r r e d ----------- 30 X
117%
N . Y . C e n tra l & H u d . R iv e r 117X
41%
N . Y. O n ta rio & W e s t e r n . . 4 1 X
115
N o rfo lk * W e s te rn ............... 116
P r e fe r re d ................................ 92 X
123%
N o r th e r n P a c lflc ................. - 124 X
64 %
a P e n n s y lv a n ia ------------------ 64 X
85%
a R e a d in g C o m p a n y ............ 85 X
46 %
a F irs t p r e f e r r e d ------------- 4 6%
a S econd p r e f e r re d ............. 50
29
R o c k Isla n d ______________ 29%
114%
S o u th e rn P a c lflc ---------------- 114 X
30%
S o u th e rn R a i l w a y ................. 3 0 X
76 %
P r e fe r re d ...............................
75X
U n io n P a c lflc ........................... 176
175%
P r e fe r re d ....................... —
93
U. S. S te el C o r p o r a tio n ___
72
71X
P r e fe r re d ................................ 115X
115%
9
W a b a s h ....................................
8%
P re fe rre d ______________
22 %
22 X
E x te n d e d 4 s ...........................62 X
65
a P ric e p e r s h a re .
Tucs.
Wed.
Thurs.
26 15-16 2 7 %
78 1-16 7 8%
78 3-16 78%
92.32% 9 2 .2 7 %
85 %
85 %
87%
88
9
8%
111%
110%
106
108
110
110%
90%
91
2 59%
258%
82%
82%
19%
19%
114
113%
24 %
24%
43%
14
39%
38
57 %
57%
47
47%
135%
135%
133%
133
164%
163%
30%
30%
66 %
66%
46
45
65%
65%
30%
30%
122
120%
42
41%
1 15%
115
92%
92%
124%
124%
64 %
64 %
85 %
84%
46 %
46%
49%
30
29 %
116%
115%
3 0%
31
76
76 %
178%
176
93%
93%
73%
71%
115%
115%
9
9%
22 %
21 %
64%
65
,
Fri.
27 5-16 27 %
77 15-16 78 1-16
78 1-16 78 3-IU
9 1.90
9 1 .85
84%
8 6%
87 %
86%
8%
8%
111%
111%
106
106
1 10%
110%
91
91
259
260
82
81%
19
19
113%
114
24
24%
4 2% 43 %
38%
37 %
57%
5 7%
47
47%
134%
'
136
133%
133%
163% f
164
3 0 % KH
30%
67%
66%
4 4%
45%
6 5 % 1,31
65 %
3 0 % *r*
30%
122
VS
122%
41
[”
41
115% ly
115
124
64 %
85
46%
124%
64,%
84% 1
46% ]
30%
116%
3 0%
76 X
177%
93 %
73%
115%
9%
22
65
29% V
115%
30% ' '
76 8
176%
3 9 % rw
73%
115%
9
2 2 % -V
6 5 % If®!
FS
Ea
5 £ s te rlin g .
c o m m e r c ia l and P ^ isce X la a co iiB ^ cm !
D IVIDENDS.
\w
T h e fo llo w in g shows a ll the d ivid e nd s announced fo r the
fu tu re b y larg e o r im p o rta n t corporations:
D i v i d e n d s a n n o u n c e d th is w e e k a r e p r i n t e d i n i t a l i c s .
N am e of Company.
Per
Cent.
W hen
Payable.
Books Closed.
Days Inclusive.
R a ilro a d s (S te a m )
A tc h . T o p e k a & S a n ta F e , c o m . ( q u a r . ) . .
Atlantic Coast Line R R ., preferred ____
Central R R . of New Jersey (quar.) ...............
C lev. CIn. C h ic . & S t. L ., p ref. ( q u a r . ) . . .
D e la w a re L a c k a w a n n a & W e ste rn (q u a r.)
Iilm ira cfe W illiam sport, common .................
Georgia Southern A Florida 1st A 2d pref .
G ra n d T r u n k , g u a r a n te e d ...............................
F irs t a n d seco n d p re fe re n c e ..... ................
T h ird p re fe re n c e ..............................................
G re a t N o rth e rn ( q u a r . ) ....................................
M exican Northern ................................................
M issouri K a n s a s & T e x a s , p re fe rre d ..........
M orris & IOssex E x te n s io n ...............................
N ashua A Lowell................................................
N orfolk & W e ste rn , p refe rre d ( q u a r .) ____
N o rfo lk & W e ste rn , p re f. ( q u a r . ) ...............
N o r th e r n P aclflc ( q u a r . ) ...............................
P a s s a ic & D e la w a re E x te n s io n ......................
P itts . CIn. C hlc.& S t. L ., c o m .* p f.( q u .)
Reading Company, 1st pref. (quar.) ............
R e a d in g C o m p a n y , co m m o n ( a u a r .) ..........
S t . L ouis & S a n F ra n cisc o , 1st p ref. (q u .)
S o u th e rn R a ilw a y , p re fe rre d .........................
U tic a C h e n a n g o & S u sq . V a lle y ...................
W e ste rn M a ry la n d , p re f. ( q u a r .) .................
S tre e t a n d E le ctric R a ilw a y s.
C ape B re to n E lec. C o ., L t d ., c o m .(N o . 4)
P re fe rre d (N o. 1 2 ).........................................
C o lum bus (O .) R y ., p ref. ( q u a r . ) _______
C o m m o n w e a lth F o w ., R y . & L ., p f. (q u .)
C o n n e c tic u t R y .& L tg ., co n .& p ref. (q u .)
East St. L ouis A Sub. Co., pf.(qu.) (No. 24)
G e o rg ia R y . & E le c tric , pref. ( q u a r . ) ___
Hartford A Springfield Street R y ., pref . . .
H a v a n a E le c tric R y ., c o m .& p f. ( q u a r .) .
J a c k so n v ille T r a c tio n , co m . (q u .) (N o . 5)
P re fe rre d (q u a r.) (N o. 5 ) ..........
L ew . A u g u s ta & W a te r v ., p f.(q u .) ( N o .8 )
Lincoln (Neb.) Traction, pref. (quar.) ___
M exico T ra m w a y s ( q u a r . ) ...................
M ilw aukee E l. R y .& L t„ p f .( q u .) ( N o .5 0 ) .
Pensacola Electric Co., pref. (No. 11)
P h ila d e lp h ia C o., c o m . (q u .) (N o . 1 2 2 ) ..
P u b lic S e rv . I n v e s t., p ref. (q u .) (N o . 1 2 ).
R a ilw a y s Co. G e n e ra l ( q u a r . ) ........................
ltlo d e J a n c rlo T r a m ., L . & P . ( q u a r . ) . . .
Tam pa Electric Co. (quar.) (No. 3 0 ) ..........
Toledo Bowling Green A Sou., pref. (quar.)
V irg in ia R a ilw a y & P o w e r, c o m . (N o . 2 ) .
W a sh in g to n -V a . R y ., c o m m o n ...................
P r e f e r r e d ................................. - - - - - - - - —
West Penn R y s ., pref. (quar.) (No. 2 6 ) . . .
H anks.
Chemical National (bi-monthly) ....................
Corn Exchange (quar.) ......................................
Pacific ( q u a r .) ................... - ...............................
T r u s t C o m p a n ie s.
Central (extra) .......................................................
M iscellaneous.
Amalgamated Copper (quar.) ------. . . - - - - A m e ric a n B e e t S u g a r, com . (q u .X N o . 3 ) .
Am erican D lst. Tcleg. of N . J ■(quar.)
A m or. G as & E le c tric , p re fe rre d ( q u a r . ) . .
A merican Glue, common ....................................
Common (extra) ............................. - ----------A m c r. G ra p h o p lio n e . pref. (N o . 5 5 > . ..
1099
THE CHRONICLE
A p r . 2 0 191 U.j
1 % ’ Juno
2 * M ay
M ay
A pril
A pril
2.26 M ay
2 % M ay
62
M ay
62 H M ay
61 % M ay
1% M ay
2
M ay
M ay
2
M ay
1-1% M ay
M ay
1
A ug.
1% M ay
2
M ay
1 % A pril
Ju n e
1 % * M ay
M ay
2
A pril
3
M ay
1
A pril
&
2
3
l 'A
IX
1
1%
1%
2
IX
1%
IX
IX
IX
m
IX
3
IX
IX
1
IX
2X
IX
1
ix
2
IX
2X
4
2
M ay
1 H o ld e rs o f rec . A p r. 17a
M ay
1 H o ld e rs o f re c . A p r.1 7 a
1 H o ld ers o f rec . A p r. 15a
M ay
1 H o ld e rs o f re c . A p r.1 2 a
M ay
M ay 15
1 H o ld e rs o f rec . A p r. 17a
M ay
A pril 20 H o ld e rs of re c . A p r. 10a
1 H o ld e rs o f rec. A p r. 10a
M ay
18 M ay 2
M ay
to
M ay 28
1 H o ld ers o f re c . A p r.1 6 a
May
1 H o ld ers o f re c . A p r. 16a
M ay
1 H o ld ers o f rec . A p r. 15a
M ay
1 A pril 21
to
A pril 30
M ay
1 A pril 15
M ay
to
A p ril 30
April 30 H o ld e rs o f rec . A p r.2 0 a
1 H o ld e rs o f re c . M a y 15a
Ju n e
1 H o ld e rs of re c . A p ril 1
M ay
1 H o ld e rs o f re c . A p r.1 6 a
M ay
1 A p r. 21
M ay
to
A p r. 30
1 H o ld e rs o f rec . A p ril 10
M ay
M ay 15 H o ld e rs o f rec . M a y l a
M ay
1 A p r. 21
to
A p r. 30
A pril 20 H o ld e rs o f re c . A p ril 6a
M ay
1
A p r. 24<i
M ay
1
A p r. 24d
M ay
1 H o ld e rs o f rec . A p r. 24
M ay
M ay
M ay
M ay
1
IX
1
IX
2
1
1
1 H o ld e rs o f re c . A p r.3 0 a
10 A p r. 30
to
M a y 10
1 H o ld e rs o f re c . A p r.1 9 a
20 H o ld e rs o f re c . A p r. 5a
20 H o ld e rs o f re c . A p r. 3 a
1 A p r. 20
to
A p r. 30
10 A pril 28
to
M ay 10
3 M ch. 16
to A p ril 18
3 M ch. 16
to A p ril 18
3 M ch. 16
to A p ril 18
1 H o ld e rs o f re c . A p r. 12a
1 H o ld e rs o f re c . A p r.2 0 a
10 H o ld e rs o f rec . A p r.2 0 a
1 H o ld e rs o f rec. A p r.2 5 a
1 H o ld e rs o f rec . A p r .l5 a
18 H o ld e rs o f re c . A p r.3 0 a
19 H o ld e rs o f rec . J u ly 3 1 a
1 H o ld e rs o f rec . A p r. 8 a
1 H o ld e rs o f rec . A p r.2 5 a
25 H o ld e rs o f rec . A p r.1 5 a
13 H o ld e rs o f rec . M ay 29
9 H o ld e rs o f re c . A p r.2 3 a
1 H o ld e rs o f re c . A p r. 16a
24 H o ld e rs of re c . M ch.SOa
1 H o ld e rs o f rec . A p r. 15a
20 H o ld c re o f re c . A p r.1 3 a
M ay
M ay
A pril
M ay
M ay
M ay
M av
1 A pril 26
to
A p ril 30
1 H o ld e rs of re c . A p r. 30
1 A p r, 17
to
A p r. 30
1 H o ld e rs o f rec . A p r.2 3 a
27
15
29
1
1
1
1
H o ld e rs o f re c .
H o ld e rs of re c .
A p r. 20
to
A pril 16
to
A p r. 21
to
A p r. 21
to
H o ld e rs o f re c .
A p r. 27
A p r. 2 7 a
A p r. 28
M ay
1
M ay
1
M ay
1
A pril 15
Per
Cent.
N am e of Company.
M iscellan eo u s (C o n clu d ed ).
A m e r. L ig h t & T r a c . ,c o m . ( q u a r . ) . .
2%
C o m m o n (p a y a b le in c o m m o n s to c k ) . .
2% )
P re fe rre d ( q u a r . ) .................................. .
1%
A m e r. L o c o m o tiv e , p re f. ( q u a r . ) .......... ..
1%
2
A m e ric a n M a lt C o rp o ra tio n , p ref. (N o . 8 ) .
A m erican M a ltin g , p r e f e r re d ........................ S I .24
Bergner A Engle Brewing, p ref ..................... S4
B o n d & M o rtg a g e G u a ra n te e ( q u a r . ) ___
3%
B rill (J . G.) Co., preferred (quar.) ___
1%
Butte Electric A Power, pref. (quar . ) . .
1%
Cambria Steel (quar.) .........................; . . .
1%
Canada Cement, L td., pref. (qu.) (N o. 9 ).
1%
Canadian Car A F d y ., pref. (quar.)
.
1%
C hicago P n e u m a tic T o o l (q u a r.) (N o . 26)
1
1-3
Cities Service, common (monthly)
Preferred (monthly) ...............................
X
C lafltn (H . B .) 1st p ref. ( q u a r . ) ............
1%
S eco n d p re fe rre d ( q u a r . ) . .
.
1%
C o m m o n w e a lth E d is o n (q u a r.)
1%
Consolidated Ice, Pittsburgh, pref. (quar.).
1%
Consolidation Coal (quar.) ..........
1%
Books Closed.
D ays Inclusive.
When
Payable.
M ay
M ay
M ay
A pril
M ay
M ay
M ay
M ay
M ay
M ay
M ay
M ay
A p r.
A pril
M ay
M ay
M ay
M ay
M ay
A pril
A pril
Subscription receipts for stock carrying
to
A p ril 30
I A pril 17
to
A pril 30
1 A pril 17
A p ril 3 0
1 A pril 17 t o
to
A p ril 22
22 A pril 5
to
M ay 2
2 A pril 20
1 H o ld ers o f rec . A p r.1 9 a
to
M ay 1
1 A p ril 21
15 H o ld e rs o f rec . M ay 8
to
A p r. 30
1 A p r. 26
1 H o ld e rs o f rec. A p r.2 0 a
15 H o ld e rs o f rec . A p r. 30
M ay 10
16 M ay 1 to
25 H o ld e rs o f rec . M ch .3 0 a
25 A p ril 16
to
A p ril 25
1 H o ld e rs o f rec . A p r.2 0 a
1 H o ld e rs o f re c . A p r.2 0 a
1 H o ld e rs o f rec . A p r. 2 2 a
1 H o ld e rs o f re c . A p r. 22a
1 H o ld e rs o f re c . A p r .l5 a
toKJ A p r. : 3
23 A pril 14
30 H o ld e rs o f re c . A p r.2 E a
dividend after J a n . 31 1 9 1 1 ...........
1 % A pril 30 H o ld e rs of re c . A p r.2 5 a
C u y a h o g a T e le p h o n e , p ref. ( q u a r . ) __
1% A p r. 30 H o ld e rs o f rec . A p r .15a
D istille rs S e c u ritie s C o rp . (q u a r.) (N o . 38)
X A pril 30 H o ld e rs o f re c . A p ril 9 a
D istillin g Co. o f A m e ric a , p re fe rre d (q u .)
1
A p ril 29 H o ld e rs o f re c . A p r.1 0 a
d u P o n t ( E .I ) d e N e m . P o w ., p re f. (q u .)
to
A pril 25
1% A p tll 25 A pril 16
E a s tm a n K o d a k , c o m m o n ( e x t r a ) ............... 10
1 H o ld e rs o f re c . M ch .30a
M ay
E d iso n E le c. 111., B o sto n (q u a r.) (N o . 92)
1 H o ld e rs o f rec . A p r. 15
3
M ay
E le c tric a l S e c u ritie s C o rp ., p re f. ( q u a r .) .
1 H o ld e rs o f re c . A p r.2 7 a
1% M ay
E le c tric B o n d & S h a re , p re f. (q u .)(N o .2 8 )
1 April 19
to
A pril 30
1 % M ay
E u r e k a P ip e L in e ................................................ 510
M ay
1 H o ld e rs o f re c . A pril 15
Fall River Gas W orks (quar.) (N o. 7 0 ) . . .
3
M ay
1 H o ld e rs o f re c . A pril23a'
F e d e ra l S u g a r R e fg ., co m . ( q u a r . ) ............
1% A p r. 29 H o ld e rs o f re c . A pr.20aP r e fe r re d ' ( q u a r . ) ............ ..............................
1 % A p r. 29 H o ld e rs o f re c . A p r .2 6 a ’
F t.W o r th P o w er & L t ., p f. (q u .) (N o . 3 ) .
1 H o ld e rs o f re c . A pr.20a1% M ay
General Chemical, common (quar.) ...............
1 H o ld e rs o f re c . M ay 21
\ x June
G en eral M o to rs, p r e f e r re d ............................... 4% 2 M ay
1 H o ld e rs of re c .A p ril 1 5 a
G oldfleld C o n so lid a te d M ines ( q u a r . ) ____ 30c. A pril 30 H o ld e rs of rec . M c h .3 0 a
E x t r a ............... .................................................
20c. A pril 30 H o ld e rs of rec . M c h .3 0 a
G o rh a m M a n u fa c tu rin g , co m . (q u a r.)
2 % M ay l i d H o ld e rs of re c . M ay d8a
Guanajuato Pow. A Elec., pf. (qu.) (A’o.15)
1 A p r. 20
to
M ay
1
1% M ay
H a rb ls o n -W a lk e r R e f ra c t., p ref (q u a r.)
1% A p ril 20 H o ld e rs o f re c . A p ril 10
H o m e s ta k e M ining (m o n th ly ) (N o . 449)
50c. A p r. 25 A p r. 21
to
A p r. 25
H o u g h to n Co. E le c . L t ., co m . (N o . 14) 62 % c. M ay
1 H o ld e rs o f rec . A p r. 10a
P re fe rre d (N o . 1 9 ) ..........
75c. M ay
1 H o ld e rs o f rec . A p r. 16a
In d ia n a P ip e L in e ......................................
S3
M ay 15 H o ld e rs o f re c . A p r.1 5 a
In g c rs o ll-R a n d C o ., com . ( a n n u a l) ............
5
A p r. 30 H o ld e rs o f re c . A p r. 15a
I n te r n a tio n a l N ick el, c o m m o n (q u a r.)
7
June
1 M ay 14
to
June 2
P re fe rre d ( q u a r .) .............
"
1 A p ril 14
to
M ay 1
1% M ay
I n te r n a t . S ilv e r, p ref. ( e x tra ) I I I I 1 1 ” I ’
1«
M ay 15 M ay 2
to
M ay 15
I n te r . Sm okeless P o w .& C liem ., p r e f .
'
4
M ay
15 H o ld e rs o f rec . M ay 4a
I n te r n a t. S te a m P u m p ., p f. ( q u .) (N o .5 2 )
1 H o ld e rs o f r e c .A p r il2 0 a
1% M ay
Kansas City Stock Yards (quar.) .................
1 H o ld e rs o f re c . A p r.1 5 a
1% M ay
L a R ose Consol. M ines ( q u a r . ) . . .................
2 % A pril 20 M ch. 31
to
A p ril 17
M a ssa c h u se tts G as C o s., c o m m o n (q u a r.)
1
M ay
1 H o ld e rs o f re c . A p r. 16a
M exican L ig h t & P o w ., L t d ., p r e f ............
3 % M ay
1 A p ril 20
to
A p ril 30
M iam i C o p p er (q u a r.) (N o . 1 ) ...................... 50c. M ay 15 H o ld ers o f re c . M ay l a
M ilw aukee & C hicago B rew eries, L t d ____
15
1 % M ay
2
M in n eap . G en . E le c ., co m . (q u .) (N o . 19)
M ay
1 H o ld e rs o f rec . A p r. 17a
Montreal L ., U . A P . (quar.) (No. 4 4 ) . . .
2
M ay
15 H o ld e rs o f rec . A p r. 3 0
National Lead, pref. (quar.) ....................
to
M ay 28
1% J u n e 15 M ay 25
New Central Coal ..................... .....................
2
M ay
1 A p r. 26
to
M ay
1
N lp issin g M ines ( q u a r . ) .............................
A pril 20 M ch. 31
5
to
A p ril 17
E x t r a .................................................. .......
2 % A pril 20 M ch. 31
to
A p ril 17
P a c illc C o a st C o ., co m m o n ( q u a r .) __
1 A p ril 16
to
M ay
1
1% M ay
F irs t p refe rre d ( q u a r . ) ...........................
1 A pril 16
to
M ay 1
1% M ay
Seco n d p refe rre d ( q u a r . ) __
to
M ay 1
1 A pril 16
1% M ay
Pacific Power A Light, pref. (qu.) (No. 7)
1 A p r. 21
to
A p r. 3 0
1% M ay
People's Gas Light A Coke (quar.) ____
1% M ay 25 H o ld e rs o f re c . M ay 4 a
P itts b u rg h C oal, p re fe rre d ( q u a r . ) ______
1% A p ril 25 H o ld e rs o f rec. A p r. 3 a
Pope M anufacturing, preferred (quar.) __
1% A pril 3 0 H o ld e rs o f rec . A p r.2 5 a
Public Service of N or. Illinois, com. (qu.).
1
M ay
1 A p r. 25
to
M ay
1
Preferred (quar.) ......................................
1 A p r. 25
to
M ay
1
1% M ay
Q u a k e r O a ts , p re fe rre d ( q u a r . ) ............
1% M ay 31 H o ld e rs o f re c . M ay l a
-Scars, Roebuck A Co., common ( q u a r .)...
15 H o ld e rs o f re c . A p r.3 0 a
1% M ay
S h a w ln lg an W a te r & P o w er ( q u a r . ) . .
1% A p ril 20 H o ld e rs o f r e c . A p ril 8
Siegel Stores Corp., pref. (quar.) ..........
1 H o ld e rs of rec . A p r. 15a
1% M ay
S ie rra Paclflc E l. C o ., p f. (q u .) (N o . 11) S I 50 M ay
1 H o ld e rs o f re c . A p r.1 5 a
S ilv e rsm ith s C o. ( q u a r . ) .............................
15 H o ld e rs of re c . M ay 8 a
1 % M ay
S ta n d a r d OH o f I n d ia n a ..................................
M a y 14
(h) M ay 15 A pril 2 to
Trenton Potteries, non-cum. pref. (quar.)
1
A pril 25 H o ld e rs o f rec . A pril 18
Cumulative preferred (quar.) _...................
5
A p ril 25 H o ld e rs o f re c . A pril 18
U n ite d C ig ar M frs., co m . ( q u a r . ) .................
M ay
1
1 H o ld e rs of re c . A pril 25
U n ite d D ry G oods C o s., co m . ( q u a r . ) ___
2
M ay
1 H o ld e rs o f rec . A p ril 25a
U n ite d E le c tric S e c u ritie s, p r e f e r re d ..........
1 H o ld e rs o f re c . A p r. 18a
3 % M ay
U. S . Bobbin A Shuttle, pref. (quar.) ___
1 A p r. 21
to
A p r. 30
1% M ay
U n ite d S ta te s E x p re ss (N o. 1 5 7 ) ............ S3
M ay 15 M ay 1 to
M ay 15
U . S. R e a lty & Im p ro v e m e n t ( q u a r . ) ___
1 H o ld e rs of re c . A p r. 2 0 a
1% M ay
U . S. R u b b e r, c o m m o n ( q u a r . ) ...................
1
A p ril v 30 H o ld e rs o f re c . A p r. 15a
2
F i r s t p refe rre d ( q u a r . ) ..................................
A p ril 30 H o ld e rs o f re c . A p r. 15a
S eco n d p re fe rre d ( q u a r . ) .............................
1 % A p ril 30 H o ld e rs of rec . A p r. 15a
U ta h C o n so lid a te d M in in g ............................. 50c. M ay
to
A pril 30
6 A pril 25
V u lc a n D e tlq n ln g , p re fe rre d ( q u a r .) ..........
1% A pril 20 H o ld e rs o f re c .A p ril 10a
Wamer(Chas.)Co.of Del., \stA 2 d p f. (qu.)
1% A pril 25 H o ld e rs o f rec . M ch. 3 0
4
M ay
15 H o ld e rs o f re c . A p r. 30
Warwick Iron A Steel ........................................
1
A pril 30 H o ld e rs of re c . A p ril 5 a
W e stln g h o u se E le c . & M fg ., co m . (N o . 1)
1 H o ld e rs o f rec . A p ril 20
W h Ite (J .G .)& C o ., In c., p re f.(q u .)(N o .3 6 ).
1% M ay
1 H o ld e rs of re c . A p ril 20
W o rth in g to n ( H . R .) , I n c ., p r e f .................
3 % M ay
a T ra n s fe r b o o k s n o t clo sed fo r th is d iv id e n d . 6 L ess In co m e t a x .
e O n a c c o u n t o f a c c u m u la te d d lv s. / P a y a b l e In c o m m o n s to c k ,
d e n d o f 2 ,9 0 0 % .
d C o rre c tio n ,
h S to c k d iv i
Canadian Bank Clearings. —-The clearings fo r the week end
ing A p r il 13 a t C anadian cities, in com parison w ith the same
week of 1911 show an increase in the aggregate of 3 .4 % .
Week ending A p r i l [13.
Clearings al—
In c. or
Dec.
C anada—
M o n tr e a l ..............
T o r o n to .................
W in n i p e g ............
V a n c o u v e r ..........
O t t a w a .................
Q u e b e c .................
H a l i f a x ............ ....
H a m ilto n ............
S t. J o h n ...............
L o n d o n ................
C a l g a r y .................
V ic to r ia .................
E d m o n t o n ..........
R e g i n a .................
B r a n d o n ...............
L e t h b r i d g e ..........
S a s k a t o o n ...........
B r a n t f o r d ...........
M oose J a w ..........
F o r t W illiam . . .
T o ta l C a n a d a .
4 0 ,3 26,125
3 8 ,2 12,171
2 2 ,6 47,909
9,5 5 5 .0 0 0
4 ,242,127
2,352,641
1,660,425
2,800,324
1,273,463
1,39 3 ,9 1 5
4,0 1 8 ,6 5 7
3,83 2 ,9 4 1
3 ,1 2 6 ,2 3 6
1,694,013
480,395
503,609
1,7 9 3 ,8 1 0
422,364
839,303
453,950
50 ,0 1 1 ,3 0 5
30 ,3 7 3 ,7 7 7
19,005,749
11,069,941
4,2 6 2 ,6 3 2
2 ,2 2 4 ,6 2 6
1,961,654
2 ,1 3 5 ,7 3 5
1 ,3 6 6 ,8 5 5
1,389,107
3 ,4 0 4 ,4 8 8
2,95 5 ,7 8 2
2,093,741
1,209,300
506,653
541,399
964,458
487,891
593,089
N o t In clu d e
141,175,428 136,558,182
1910.
1909.
%
S
— 19.3 3 5 ,6 6 9 ,4 8 3 2 2 ,7 04,201
+ 2 5 . 8 28 ,8 5 3 ,6 9 3 2 6 ,2 71,469
+ 19.2 1 5,115,553 1 0,571,841
— 13.7
3 ,7 97 ,2 3 3
8 ,0 1 8 ,8 7 8
2 ,6 57,821
— 0 .5
3 ,8 5 3 ,2 7 5
1 ,535,934
1,923,641
+ 5 .8
1 ,674,230
1 ,354,774
— 15.3
1,942,954
1 ,5 89,566
+ 3 1 .1
1 ,325,792
— 6 .8
1 ,0 7 9 ,4 4 0
+ 0 .3
1,374,153
1 ,2 45,426
+ 18.0
2,71 7 ,7 8 3
1 ,2 30,570
+ 2 9 .7
1,522,351
1 ,1 76,783
+ 49.3
1 ,299,208
774,457
+ 40.1
822,076
— 5.2
440,547
— 7.0
+ 86 .0
— 13.4
+ 41.5
d In t o t
+ 3 . 4 106,553,617
75 ,9 89,515
[VOL.
THE CHRONICLE
1100
A u c tio n Sales.— A m o n g o th e r securities, the fo llo w ing , n o t
u s u a l l y d e a lt i n a t th e S to c k E x c h a n g e , were re c e n tly sold a t
a u c tio n in N e w Y o r k , B oston and P h ila d e lp h ia :
B y Messrs. A d ria n H . M u lle r & Sons, N e w Y o rk :
Per cenL Shares.
Shares.
B y Messrs. Fra ncis H enshaw & Co., Boston:
S per shS per sh. Shares.
10 N ew E n g la n d I n v e s t. & Se
155 A rlin g to n M ills ___________ 1 2 0 -1 2 0 K
c u rity C o ., p r e f ...........................96 M
8 H a m ilto n W oolen C o . . ----- 95JC-102
Bonds.
Per cent.
10 T re m o n t a n d Suffolk M ills------116
1 B a y S ta te S tre e t R y ., 1 st p r e f . 1 2 8 K 81 ,0 0 0 H o u s to n , T e x ., C om prom ise
5s, 1 91S ....... ...................- .....................101
10 C oncord & M o n t. R R „ C lass 4 .1 5 7 1 4
59 N ew H a m p s h ire F.lec. R y s.,c o m 814
Shares.
B y Messrs. It . L . D a y & Co., Boston:
t p e r s h . Shares.
5 C a m b rid g e G as L t. C o. r i g h t s . . . 14
14 F ra n k lin C o .. L e w isto n , M e ------10514
5 H a m ilto n M a n u fa c tu rin g C o ----- 87
Surplus.
T r u s t C os.
00s omitted.
Per cent.
100 N . T . & B k ly n . B rew in g C o ._
100 C a y u g a & S u s q u e h a n n a R R .2 1 2 ? $
6 85( C o m m e rc ia l T r . C o ., S t. L o u is 10
Bonds.
Per cent.
10 H a n o v e r F ire In s. C o ............ - .2 0 6
$1 ,0 0 0 A rizo n a P o w e r Co. 1st 6s,
25 M e tro p o l. C as. In s. Co. o f N . Y.1B5
.......................
1933, M . & N ............ 8 5 * i & In t.
175
N a t. B a n k of N o.......
r th A m e r . . . 30
Shares.
D E T A IL E D
S per sh.
5 M e rrim a c k M fg. C o ., c o m m o n .. 46M
10 S e a lslilp t O y s te r S y s te m , c o m . . 10
27 W ilto n R R ., N . I I ........................2 2 0
L X X X X IV .
R E T U R N S O F T R U S T C O M P A N IE S .
Net
On Dep
Specie. Legals. with C M Deposits.
Loans.
Average. Average. Average Banks. Average.
S
$
%
2 .0 3 5 .0 1 4.800.0 1 5 .8 + 1 1 .9
12.365.0 109.566.0 1 5 .0 + 1 0 .1
5 .5 0 4 .0 2 6 .2 3 7 .0 1 5 .0 + 1 7 .1
1 .968.0 1 5.477.0 1 4 .8 + 1 0 .2
2 .5 0 3 .0 2 2 .1 0 4 .0 1 5 .0 + 1 0 .0
13.127.0 114.099.0 1 5 .9 + 1 0 .3
5 .0 0 3 .0 15.4 + 11.4
8 6 7.0
1.5 9 3 .0 1 5.314.0 1 5 .0 + 9.3
1.4 0 4 .0 12 .3 4 1 .0 1 5 .0 + 1 0 .2
1 .8 5 9 .0 14 .8 5 2 .0 15.2 + 11.1
2 .0 1 0 .0 1 5.339.0 15.2 + 11.3
3 .5 0 0 .0 3 1 .5 1 4 .0 15.G + 10.0
8 .9 9 9 .0 15.5 + 11.0
1.1 3 2 .0
1.2 6 5 .0 1 0.582.0 15.2 + 10.6
2 .5 6 2 .0 18 .8 8 9 .0 1 5 .0 + 1 1 .9
8 .6 8 4 .0 1 0 .4 + 8.2
790.0
B ro o k ly n -----B a n k e rs ...........
U .S . M tg . & T .
A s t o r ------------T i t . G u a r. & T .
G u a r a n ty ..........
F i d e l i t y ............
L a w y e rs ’T .& T .
C o lu m b ia -----S ta n d a r d -----P e o p le ’s ..........
N e w Y o r k ___
F r a n k l i n ..........
L i n c o l n ............
M e tr o p o lita n . .
B r o a d w a y ------
S
S
2 ,4 2 6 ,2 19.2 4 8 .0 1 .892.0
14.376.4 145.135.0 16,210,0
4 .5 6 4 .5 4 6 .4 8 2 .0 3 .4 1 8 .0
1 .220.5 19.733.0 2 .2 6 3 .0
11.870.4 3 5 .7 4 5 .0 1 .690.0
2 3 .0 6 4 .5 169.482.0 1 6,759,0
6 75,0
7 .7 6 1 .0
1 .278.0
6 .2 0 1 .6 19.897.0 1.2 3 9 .0
1 .950.0 19.715.0 1 .766.0
1,377,9 16.370.0 2 .2 4 0 .0
1 .725.7 1 7.255.0 1.8 6 3 .0
11,631,3 4 6 .7 0 7 .0 4 .7 7 4 .0
1,316,4 1 0.889.0 1 .075.0
5 57,5 1 1.272.0 1.3 8 8 .0
6 .1 4 7 .8 2 6 .1 6 4 .0 2 .8 2 6 .0
8 .6 9 1 .0 1 ,041,0
559,9
$
4 7 3 .0
182.0
517.0
2 9 .0
1 .644.0
1.4 1 9 .0
2 3 8 .0
1.0 6 6 .0
8 0 .0
2 7 .0
4 69.0
173.0
3 2 6 .0
2 2 5 .0
13.0
3 9 0 .0
T o ta ls , A v g e .
90 ,2 7 1 ,6 6 2 0 ,5 4 6 ,0 6 1 ,1 9 9 ,0
7 ,2 7 1 ,0 5 4 ,4 9 0 ,0 4 4 4 ,7 9 0 ,0 1 5 .3 + 1 0 .9
A c tu a l fig u re s
A pril 1.5 6 2 0 ,1 9 4 ,0 6 4 ,7 9 6 ,0
7 ,2 1 6 ,0 5 9 ,5 7 6 ,0 44 4 ,9 7 2 ,0 16.1 + 11.8
B y Messrs. B arnes & Lo fla n d , P h ila d e lp h ia :
$ per sh.
Y. 1
Shares.
* P fr f h Shares.
20 P h ila . T r u s t & S afe D ep . C o .700
50 A m e ric a n G as C o ........................t o i
10 R e a l E s t a t e T r u s t C o., c o m . . 57
21 A m or. T y p e F o u n d . C o., co m . 401s
12 2 d & 3 d S tre e ts P a s s . R y ___ 2 5 1 H
100 A m p a ro M in. C o.. S I e a c h . . .1 .3 5
68 S ta n d . R o lle r B e a r. C o., p r e f . 9%
5 B a n k of N o r th A m e ric a ..........30514
200 T r a m p Consol. M ining C0 . . . S 6 lo t
21 B nrgner & E n g e l B re w . C o .,
5 V ic to r T a lk in g M ach in e C o . . 203
p r e f e r r e d ...........................9 714-97M
3 C o m m o n w e a lth T . I. & T . C o .2 4 5 /4
Per cent.
25 C o n tin e n ta l P as3. R y . . . 12214-123 Bonds.
1,000 E a g le ’sN e stF alrv Ie w M g .C o . S21 lot $ 1,000 B a y a n o R iv e r L u m b e r Co.
1st 6s , 1 9 1 8 ........................................... 10
2 F a rm e rs & M och. N a t. B a n k 14314
$200 D el. I tlv . W a te r C o. 1st 5s, ’32.100
3 F id e lity T r u s t C o --------- - - - l l u o
$5 ,5 0 0 F e n tre s s Coal & C oke Co. 1st
20 I n d u s tr ia l T r u s t T . & S . C o .,
5s, 1 9 2 6 .................................................. 60
S50 e a c h ..........................
J o '’
S2,000 H u n t. & B . T . R R .,e q . 4 H » - 95
7 .fohn B . S te ts o n C o ., p r e f . . - - 185
200 K e n d a ll G old F leldM g.C o - - » J 0 ‘o t $ 8 ,COO Jo n e s & L a u g h lln S te el Co.
1st sin k in g fu n d 5s, 193 9 ...............100M
5 M a rk e t S tre e t N a t. B a n k . . 1791s
11 M echanics In s . C o ., $25 e a c h . oOU $ 1 ,000 L eli. V al. R y . 1st 4 M s, 1940.105
100 N e v a d a A lpine M ining C o . . . 81 lo t S l ,000 L e h .V .R R .c o n s .4 >4s, 1 9 2 3 .. 1 0 3 %
10 N o rth e rn N a tio n a l B a n k . . 20514 $1,000 N o r. S p rin g . W a t.C o .5 s, ’28 .1 0 0
33 N o rth e rn T r u s t C o --------- .4 0 0 -4 0 < $ 1,000 O liv er H . B a ir C o ., I n c ., 1st ££
4 .9 s, 1 9 1 6 .............................................. 100
5 P e o p le ’s N a t . F ire In s . C o .,
$1,000 S p rin g !. W a te r Co. 5s, 1 9 2 6 .1 0 0
eaCh
____ __ ____ __ Ji)
$3,000 U n io n R y ., G as & E le c. Co.
10 P e o p le ’s T r u s t C o ., $50 e a c h . 50
coll, t r u s t c o n v . 5s, 193 9.............. 96
4 P h ll.& E a s to n E l.R y .C o .,c o m l$ l
4 P h i l.* E a s to n E l.R y .C o .,p re f/
lo t $3,482 U n ite d P o w er & T ra n sp . Co.
i13
o rPiihii
o. L
^ ife _______
6 % n o te s , 1913-1915..............’95J4-98J4
ila
In s. C o .,__________________
$ 1 0 e a c h . 10M
B y Messrs. S am uel T . Free m an & Co., P h ila d e lp h ia :
Per cent.
$ p e r s h . Bonds.
$1 ,0 0 0 N o rth u m b e rla n d Co. G as &
9 D e la w a re I n s . C o ., $10 e a c h ----6
E lc c . C o. 1st 5s, 1 9 4 6 .. ................. 9214
4 W . P h ila . T . & T . C o., $50 e a c h . 1 2 6 'A
B in d s:
Percent. $ 2,000 P h ila d e lp h ia C ity 4s, 1 9 3 8 . .10114
S600 S p rin g field W a te r Co. 5s, 1926.100
$1,000 N o r. S p rin g !. W a t. C'o.5s’2 8 .1 0 0
Shares.
S ta te m e n t of N e w Y o r k C ity Clearing-House B a n ks and
T r u s t C om panies.— T h e detailed s ta te m e n t below shows the
c o n d itio n of the N e w Y o r k C ity Clearing-House m em bers
fo r the w eek ending A p ril 13. T h e figures fo r the separate
b anks are th e averages of the d a ily results. I n the case of
the to tals, a c tu a l figures a t the end of the week are also g iven.
F o r d efin itio n s and rules u nd er w hich the va rio u s item s are
m ade up, see “ C h ro n ic le ," V . 85, p. 836. in the case of the
b anks, and Y . 92, p. 1607, ia the case of the tru s t companies.
B an k s.
M e tro p o lita n ,
Week
ending
A p ril 13.
Capital. Surplus.
T o ta l...
...............
—
200,0
1 ,900,0
7,7 2 8 ,0
1 ,160,0
587,0
1 ,519,0
148,0
4 ,8 2 6 ,0
6 2 1,0
1,196,0
1 ,003,0
2 40,0
5 ,8 9 2 ,0
2 ,1 0 7 ,0
2 ,0 3 5 ,0
113,0
1 ,900,0
156,0
2 ,1 4 1 ,0
1 ,949,0
02,0
676,0
2 19,0
7 ,3 4 1 ,0
9 85,0
4 84,0
2 5 3 ,0
6 96,0
2 3 7 ,0
5 49,0
1 ,862,0
2 7 7,0
2 ,1 0 3 ,0
1,3 9 1 ,0
6 6 3,0
3 6 5 ,0
1 ,173,0
504,0
1 ,323,0
2 71,0
%
25 .6
25 .7
25.1
25 .2
25 .9
2 5 .0
26.3
25 .7
25 .7
2 4 .6
25.3
25.3
24.2
25 .9
23.4
25.1
25 .9
2 6.2
25 .9
24.4
20.8
2 5 .8
2 5.6
2 6.6
25.3
24 .5
2 6 .0
25.1
25 .2
26 .6
26.3
23.3
27.1
25 .2
2 5 .2
25 .3
2 5 .9
2 4 .5
2 6 .8
2 6 .8
2 5 .0
26.3
20.1
2 6 .8
2 6 .7
25.4
2 5 .8
2 5 .9
2 5 .9
21.8
T o ta ls , A v g e . . 135,150,0 199,918,5 1391,394,0 2 8 2 ,8 8 9 ,0 75 ,8 9 4 ,0 1408,071,0
25.4
............... 1383,505,0 2 8 4 ,2 8 5 ,0 76,1 13,0 1402,868,0
25 .6
A pril 13.
reg u la tio n .— O n t h e b asis o r a v e ra g e s, J lrc m a tlc n o t n a tic n a l h a n k s In th e C learing
H o u se a m o u n te d to $ 4 3,3 3 1 ,0 0 0 , a n d a c co rd in g to a c tu a l ffc.ures w as 8 4 8 ,2 5 2 ,0 0 0 .
Specie.
On Dep.
Legal with C M .
Net
Tenders. Banks.
Deposits
2 ,0 0 3,699,0l|349,0 8 1,0 8 3 ,3 5 9 ,0 59 ,5 7 6 ,0 1 ,8 4 7 ,8 4 0 ,0
S T A T E B A N K S A N D T R U S T C O M P A N IE S .
W eek ended A p ril 13.
Trust Cos.
State Banks
Trust Cos.
Slate Banks
outside of
outside of
in
in
Greater
N.Y.
Greater
N
.
Y
.
Greater N . Y . Greater N . Y .
$
9 ,4 0 2 ,9 0 0
$
9,5 2 5 ,0 0 0
S
*$22,387,400
$
61 ,9 5 6 ,0 0 0
S u rp lu s a s of D ec. 2 1 ------
*38,732,700
176 ,8 5 0 ,1 0 0
11,874,043
1 1,826.516
L o a n s a n d I n v e s tm e n ts ..
C h an g e from la s t w e e k .
2 9 2 ,671,200 1 ,1 80,404,300
+ 9 ,6 3 5 ,7 0 0
+ 5 6,600
1 0 5 ,098,600
+ 212,700
1 6 2,720,300
+ 467,800
___________
......................
s
4 ,0 3 4 ,0
8 ,3 2 7 ,0
3 ,6 3 5 ,0
12 ,2 6 9 ,0
4 ,9 2 3 ,0
4 0 ,9 2 7 ,0
5 ,0 3 1 ,0
1 ,808,0
1 ,527,0
4 2 8,0
2 ,3 5 1 ,0
8 ,2 6 6 ,0
2 0 ,3 3 6 ,0
1 ,9 7 1 ,0
3 8 4 ,0
2 ,8 7 7 ,0
4 3 1,0
1 6,223,0
5 ,3 5 9 ,0
1 ,961,0
1 ,512,0
2 ,8 8 5 ,0
8 ,9 4 7 ,0
4 ,2 9 4 ,0
21,2 9 0 ,0
3 1 5 ,0
7,2 3 6 ,0
3 ,4 4 1 ,0
2 4 ,9 2 4 ,0
5 ,5 4 3 ,0
863,0
1 ,3 5 1 ,0
8 4 4,0
1 8 ,944,0
3 ,012,0
4 2 4,0
1 ,4 4 4 ,0
3 ,4 8 0 ,0
2 ,3 3 3 ,0
4 0 6.0
1 ,257,0
1,0 4 3 ,0
5 ,8 6 2 ,0
4 ,2 8 0 ,0
2 ,2 5 2 ,0
5 ,1 1 7 ,0
2 ,6 5 5 ,0
1 ,219,0
1,151,0
1 ,491,0
$
1 8,721,0
3 8 ,3 0 0 ,0
2 0 ,8 3 8 ,0
5 5 ,7 9 6 ,0
2 7 ,3 4 7 ,0
1 89,995,0
2 7 ,2 9 4 ,0
7,5 5 7 ,0
7 ,3 7 0 ,0
1 ,997,0
10 ,0 6 2 ,0
4 0 ,0 4 4 ,0
1 13,420,0
1 2,068,0
4 ,1 3 3 ,0
17,478,0
2 ,2 2 8 ,0
8 0 ,1 1 8 ,0
2 3 ,0 6 9 ,0
1 2,903,0
9 ,3 5 7 ,0
1 2,108,0
57 ,8 8 9 ,0
2 4 ,0 2 4 ,0
9 2 ,2 1 4 ,0
1,741,0
3 5 ,1 3 3 ,0
1 4,316,0
107,020,0
2 8 ,1 1 1 ,0
3 ,5 0 4 ,0
8 ,6 7 2 ,0
3 ,9 1 7 ,0
1 03,949,0
15,812,0
3 ,5 8 1 ,0
6,5 3 0 ,0
17,039,0
9 ,5 5 7 ,0
3 ,5 6 3 ,0
1 2,479,0
5 ,0 0 0 ,0
3 0 ,2 2 5 ,0
2 1 ,0 8 4 ,0
1 0,901,0
2 1 ,5 0 8 ,0
1 4,807,0
6 ,6 4 0 ,0
0 ,5 5 2 ,0
7 ,1 0 0 ,0
Loans.
are m ade up, see “ C hro nicle ,” V . 86, p. 316.
3
2 0 ,9 1 3 ,0
3 3 ,6 0 0 ,0
2 0 ,5 3 5 ,0
5 7 ,1 0 7 ,0
2 6 ,8 5 2 ,0
193,938,0
2 9 ,7 0 2 ,0
7 ,1 8 4 ,0
0 ,0 6 2 ,0
2 ,1 8 5 ,0
8 .7 8 4 ,0
4 0 ,9 6 5 ,0
1 39,064,0
14,854,0
4 ,5 0 5 ,0
1 7,301,0
1,992,0
7 1 ,7 9 3 ,0
2 3 ,6 2 0 ,0
10,790.0
9,2 5 7 ,0
11,770,0
48 ,7 1 0 ,0
2 6 ,1 6 0 ,0
8 7 ,7 0 2 ,0
1 ,442,0
3 3 ,6 2 5 ,0
1 4,619,0
115,513,0
2 5 ,6 5 6 ,0
3 ,3 2 1 ,0
8 ,5 8 5 ,0
4 .0 7 7 ,0
'9 2 ,7 9 5 ,0
1 4,015,0
3 ,3 9 2 ,0
5 ,5 2 8 ,0
1 6,416,0
9 ,1 2 3 ,0
3 ,4 0 3 ,0
12,571,0
4 ,3 8 1 ,0
2 5 ,4 0 6 ,0
1 9,570,0
8 ,9 1 0 ,0
1 5,358,0
1 1,431,0
6 ,4 0 6 ,0
9 ,3 7 6 ,0
8 ,1 3 0 ,0
s
769,0
1 ,528,0
1 ,609,0
1,8 4 2 ,0
2 ,1 5 9 ,0
6 ,4 0 3 ,0
2 ,1 5 9 ,0
137,0
369 0
6 4 ,0
t o ta l.
fo llo w ing :
F o r d efinitio ns and rules u n d er w hich the va rio u s item s
Sptcie. Lcgals. Net Depos Re
Average. Average. its, Aver. serve.
$
$
2 ,000,0 3 ,7 2 4 ,8
B a n k of N V . .
4
,7
6 5 ,3
2^050,0
M a n h a tta n Co.
2 ,ooo !o 1,949,6
M e rc h a n ts ’ —
8 ,4 9 7 ,5
(j[000,0
M ech.& M etals
0 ,2 1 4 ,6
1 1500,0
A m e r i c a ..........
C ity ................. 25,0 0 0 ,0 27 ,8 2 4 ,4
7 ,0 7 8 ,0
3
,0
0
0
,0
C he m ic a l ___
551,1
600,0
M e rc h a n ts ’ E x.
1 ,000,0 2 ,5 6 0 ,5
G a l la t in --------142,1
30 0 ,0
B u tc h . & D rov.
929,0
500,0
G reenw ich —
4 ,672,3
5 000 0
Am. Exchange
C o m m e rc e ___ 25,0 0 0 ,0 1 5,917,8
2 ,775,4
3 ,0 0 0 ,0
M e rc a n tile . . .
952,9
500,0
P a c ific ............
1,239,0
2 ,2 5 0 ,0
C h a t. & P h e n .
461,6
200,0
P e o p le ’s ..........
3 ,0 0 0 ,0 1 3,105,5
H a n o v e r ..........
1,996.2
2 ,5 5 0 ,0
C itiz e n ’s C e n t.
548,6
500,0
N a s s a u ............
1 ,000,0 1,831,2
M a rk e t & F u lt .
1,665,6
2 ,000,0
M e tro p o lita n .
5 ,559,4
3 , 000,0
C o rn E x c h a n g e
7,631,1
1,500,0
I m p .& T r a d e rs ’
5,00 0 ,0 1 3 ,075,7
P a r k .................
62,9
250,0
E a s t R iv e r . . .
5,8 0 7 ,7
5 ,000,0
F o u r t h ............
1 ,000,0 2 ,3 9 1 ,3
S e e o n d ............
F i r s t ................. 10 000,0 2 1 ,2 7 0 ,7
2 ,000,0 2,0 5 0 ,3
I rv in g E x c h ._
803,1
250,0
B o w e ry -------1 ,673,8
500,0
N . Y . C o u n ty .
709,2
750,0
G e rm a n -A m e r.
9 ,1 0 2 ,7
5 ,0 0 0 ,0
C h a s e .................
100 0 2 ,2 0 5 ,0
F if th A v e n u e 834,1
200 0
G e rm a n E x c h .
200,0 1,057,2
G e r m a n i a ____
1 ,000,0 1 ,701,0
L i n c o ln ............
1 ,000,0 1 ,249,5
G a r f i e l d -------533,6
250,0
F i f t h ________
1 , 000,0 2 ,156,1
M etropolis . . .
1,041,1
200,0
W e st S id e ___
1 ,000,0 2 ,1 3 6 ,2
S e a b o a rd _____
1 ,000,0 2 .7 4 1 ,5
L i b e r t y ............
861,1
N .Y .P r o d . E x .
1,000 0
867,1
1 ,000,0
S t a te .................
457,6
1 ,000,0
S e c u r i t y ..........
479,2
1 ,000,0
C oal & I r o n . . .
1 ,000,0
964,6
U n io n E x c h . .
1 ,000,0 1,092,7
N a s s a u , B ’k ly n
S l.0 0 0 ,0 0 0 ;
re tu rn s of the S ta te b anks and tru s t companies u n d e r its
charge. These re tu rn s cover a ll the in s titu tio n s of th is class
in the w hole S tate, b u t the figures are com piled so as to
d is tin g u is h between the results fo r N e w Y o r k C ity (G rea ter
N e w Y o r k ) and those fo r the rest of the S ta te , as p er the
J.oans.
Average.
Surplus.
B ro a d w a y ,
$
%
S
$
$
S
A v e ra g e s.
$
1 ,4 08,071,0
B a n k s . . . 135,150,0 199,918,5 1,391,394,0 2 8 2 ,8 8 9 ,0 7 5 ,8 9 4 .0 54,490^6 4 4 4 ,7 9 0 ,0
7 ,2 7 1 ,0
T r u s t c o s . 3 9 ,6 2 5 ,0 90 ,2 7 1 ,6 6 20,546,0 6 1 ,1 9 9 ,0
1 ,8 52,861,8
T o t a l . . . 174,775,0 290,190,1 2,0 1 1 ,9 4 0 ,0 3 4 4 .0 8 8 .0 8 3 .1 6 5 .0 5 4 .4 9 0 .0
A c tu a l.
1 ,4 02,868,0
7
6
.1
4
3
.0
1281.285.0
1
,383,505
0
B anks . . .
7 ,2 1 6 ,0 5 9 .5 7 6 .0 4 4 4 ,9 7 2 ,0
6 20,194,0 i| 6 4 ,7 9 0 ,0
T r u s t c o s.
C a p ita l as of D eo. 2 1 ------
Capital.
$2,0 0 0 ,0 0 0 ;
S U M M A R Y C O V E R IN G B O T H B A N K S A N D T R U S T C O M P A N IE S .
D E T A IL E D R E T U R N S O F B A N K 3 .
We omit Hco ciphers (00) in all cases. __ _________________
00s omitted.
A c tu a l fig u re s
L in c o ln . $ 1,000,000;'
$ 3 9 ,6 2 5 ,0 0 0 .’
S p ecie
__________
C h an g e fro m la3t w e e k .
52 ,9 1 1 ,6 0 0
+ 721,500
121,760,800
+ 1 ,748,400
L e g a l-te n d e rs & b k . n o tes
C h an g e fro m la st w e e k .
23 ,7 5 3 ,8 0 0
+ 1 ,158,800
......................
- ....................
1 1,770,300
+ 9 8,700
......................
......................
D e p o sits ...............................
C h an g e fro m la s t w e e k .
3 4 9 ,4 8 8 ,5 0 0 1 ,2 72,830,300
+ 2 ,3 8 7 ,1 0 0 — 1 0,795,900
111,954,000
— 423,700
172,320,600
+ 10,400
R e s e rv e o n d e p o s its ..........
C h an g e fro m la s t w e e k .
102,133,500
+ 4 ,7 5 4 ,6 0 0
141,400,100
— 211,100
22 ,7 0 7 ,2 0 0
— 757,300
2 5,3 7 7 ,8 0 0
— 332,200
P . C. rese rv e to d e p o s its . .
P e rc e n ta g e a s t w e e k ..
3 0 .1 %
2 8 .9 %
16.5%
16.5%
2 1 .5 %
2 2 .2 %
15.8%
16.0%
+ In c re a s e o v e r la s t w eek. — D e c re ase fro m la s t w e e k . * A s of M a rc h 21 1912
Plate.— " S u rp lu s ” In clu d es a ll u n d iv id e d p ro fits. “ R e s e rv e o n d e p o s its ’’ Include#
fo r b o th t r u s t co m p an ies a n d S ta te b o n k s , n o t o n ly ca sh Item s b u t a m o u n ts d u e
f ro m r e s e r v ^ a g e m s l81'T r u s t co m p an ies In N ew Y o rk S ta te a re req u ire d b y law to
k e e p a rese rv e p ro p o rtio n a te to tlic lr d e p o s its , th e ra tio v a ry in g a c c o rd in g to lobM ow
T h e p e rc e n ta g e o f rese rv e re q u ire d Is c o m p u te d on th e
a g g re g a te of d e p o sits, ex c lu siv e of m o n ey s h eld In t r u s t n n d n o t p a y a b le w ith in
t h ir ty d a y s a n d also e x clu siv e of tim e d e p o sits n o t p a y a b le w ith in th ir ty d a y s ,
r e p r e s e n t e d ! ^ c e rtif ic a te s , a n d a lso ex clu siv e of d e p o sits se cu re d b y b o n d s or
nhU tr'ittons of th e S ta te o r C ity of N ew Y o rk , a n d ex clu siv e of a n a m o u n t e q u a l to
t h e m a r k e t v a lu e (n o t ex ceed in g p a r) of b o n d s o r o b lig a tio n s of th e S t a te o r C ity
of N ew Y o rk o w n ed b y th e b a n k o r held In t r u s t fo r It b y a n y p u b lic d e p a rtm e n t.
T h e S ta te b a n k s a re likew ise re q u ire d to k e e p a rese rv e v a ry in g a c co rd in g to lo ca
tio n , th e reserv e b ein g c o m p u te d o n th e w hole a m o u n t of d e p o sits ex c lu siv e of tim e
d e p o sits n o t p a y a b le w ith in t h ir ty d a y s , re p re s e n te d b y c e rtifica te s (ac c o rd in g
to th e a m e n d m e n t of 1910) a n d e x clu siv e of d e p o sits se cu re d (ac c o rd in g to a m e n d
m e n t of t i l l ) b y b o n d s o r o b lig a tio n s of t h e C ity o r S ta te of N ew Y o rk , a n d e x
c lu siv e of a n a m o u n t e q u a l to th e m a r k e t v a lu e (n o t ex ceeding p a r) of b o n d s or
o b lig a tio n s of th o S ta te o r C ity of N ew Y o rk o w n ed b y th e c o m p a n y o r h e ld in t r u s t
fo r It b y a n y p u b lic d e p a rtm e n t.
_ T rB I, C o s. _
s t a l e B a n ks-
Reserve Required lor Trust Companies
and State Banks.
Location—
Total
Reserve
M a n h a tta n B o r o u g h ........................ . . . . . .
. lo %
B ro o k ly n B o ro u g h ( w ith o u t b ra n c h e s in M a n h a t.) 15%
O th e r B o ro u g h s ( w ith o u t b ra n c h e s In M a n h a tta n ) 15%
B ro o k ly n B oro u g h , w ith b ra n c h e s In M a n h a t t a n . .1 5 %
O th e r B o ro u g h s, w ith b ra n c h e s in M a n h a t t a n ----- 15%
C ltle 3 o f th e 1st a n d 2d c h ts s ------- •----------------------10%
C ities o f th e 3 d class a n d v illa g e s ................... ........... 10 /«
E lsew h ere In th e S t a te .......................- .....................................
Of
which
15%
10%
10%
15%
15%
5%
3%
Of
Total
which
Reserve
. Required, in Cash.
25%
20 %
15%
20 %
15%
is %
15%
10 %
20 %
15%
6%
T h e B a n k in g D e p a rtm e n t also und erta kes to present sepa
ra te figures in d ic a tin g the to tals fo r the S ta te b anks and
tru s t companies in the G re a te r N ew Y o r k n o t i n th e C le a r in g
H o u se.
These figures are shown in th e table below , ns are
also the results (b o th a c tu a l and average) fo r the Clearing-
A pr . 20 1932 ]
THE CHRONICLE
110 L
House banks and trust companies. In addition, we have
Boston and Philadelphia Clearing-House Members. —Be
combined each corresponding item in the two statements, low is a summary of the weekly totals of the Clearing-House
thus affording an aggregate for the whole of the banks and institutions of Boston and Philadelphia:
tru st companies in tne Greater New York.
W e omit two ciphers (00) in all these figures.
NEW YORK CITY BANKS AND TRUST COMPANIES.
Capital
and
Surplus.
Banks.
Clear .-House State Banks <k Total cf all
Members.
Trust Cos. not Banks & Trust
Average.
in C .-H . Aver. Cos. Average.
Clear .-House
Members.
Week ended A p r il 13
ActualFtgures
$
3
fN a t.
B anksl
C a p ita l |F c b . 20 a n d )
{ S ta te B a n k s
S u rp lu s i M arch 21.
J
S
% v i* .
174,775,000
1 7 4 ,775,000
3 4 ,6 5 2 ,0 0 0
0 0 ,4 2 7 ,0 0 0
290,1 9 0 ,1 0 0
2 9 0 ,1 9 0 ,1 0 0
9 3 ,1 3 0 ,3 0 0
3 8 3 ,2 2 0 ,4 0 0
L o a n s a n d In v e stm e n ts 2 ,003,6 9 9 ,0 0 0 2 ,0 1 1 ,9 4 0 ,0 0 0
C hange from la s t w eek — 26,3 7 6 ,0 0 0 — 2 8 ,0 8 7 ,0 0 0
6 3 4 ,3 7 2 ,4 0 0 2 ,6 4 6 ,3 1 2 ,4 0 0
+ 1 2 ,8 84,600 — 1 5 ,2 02,400
D e p o s i t s ........................... 1,847,840,000 1,8 5 2 ,8 6 1 ,0 0 0
C hange fro m la s t week — 22,0 2 7 ,0 0 0 — 2 7 ,1 0 9 .0 0 0
0 6 3 6 ,8 5 9 ,4 0 0 2 ,4 8 9 ,7 2 0 ,4 0 0
+ 10,796.100 — 1 6 ,3 12,900
C h ange fro m la s t w eek
349,0 8 1 ,0 0 0
+ 6,99 1 ,0 0 0
3 4 4 ,0 8 8 ,0 0 0
+ 8 6 1 ,0 0 0
6 6 ,3 2 4 ,2 0 0
+ 1 ,29 1 ,1 0 0
4 1 0 ,4 1 2 ,2 0 0
+ 2 ,1 5 2 ,1 0 0
L egal t e n d e r s ...............C h ange fro m la s t w eek
83,3 5 9 ,0 0 0
+ 939,000
8 3 ,1 6 5 ,0 0 0
+ 9 1 5 ,0 0 0
6 1 1 ,135,400
+ 4 70,800
9 4 ,3 0 0 ,4 0 0
+ 1 ,385,800
B an k s: c a sh In v a u l t . .
R a tio to d e p o s it s . . .
3 60,4 2 8 ,0 0 0
25 .6 9 %
3 5 8 ,7 8 3 ,0 0 0
2 5 .4 8 %
12 ,3 9 1 ,1 0 0
13.68%
3 7 1 ,1 7 4 ,1 0 0
T r u s t cos.: c a sh in v a u lt
7 2,0 1 2 ,0 0 0
6 8 ,4 7 0 ,0 0 0
6 5 ,0 6 8 ,5 0 0
1 3 3 ,538,500
A ggr’te m o n ey h old in g s
C hange from la s t w eek
432,4 4 0 ,0 0 0
+ 7,93 0 ,0 0 0
427 ,2 5 3 ,0 0 0
+ 1,776,000
7 7 ,4 5 9 ,6 0 0
+ 1 ,761,900
5 0 4 ,7 1 2 ,6 0 0
+ 3 ,5 3 7 ,9 0 0
M oney on d e p o s it w ith
o th e r b k s . & t r u s t cos.
C h a n g e fro m l a s t week
59,5 7 6 ,0 0 0
+ 5.79 4 .0 0 0
5 4 ,4 9 0 ,0 0 0
— 2 ,6 2 9 ,0 0 0
2 2 ,9 7 8 ,4 0 0
+ 1,197,200
7 7 ,4 6 8 ,4 0 0
— 1,4 3 1 ,8 0 0
T o ta l re s e rv e .................
C hange fro m l a s t week
492,016,000
+ 13,724,000
4 8 1 ,7 4 3 ,0 0 0
— 853,000
1 0 0 ,438,000
+ 2 ,9 5 9 ,1 0 0
5 8 2 ,1 8 1 ,0 0 0
+ 2 ,1 0 6 ,1 0 0
S u rp lu s C A SH rese rv e
B a n k s (ab o v e 2 5 % ) . .
T r u s t c o s .(a b o v e l5 % )
9 ,7 1 1 ,0 0 0
5 ,2 6 6 ,2 0 0
0 ,7 6 5 ,2 5 0
1,751,500
......................
......................
T o t a l ...............................
C h ange from la s t w eek
14,977,200
+ 13,040,750
8 ,5 1 6 ,7 5 0
+ 8,1 3 3 ,4 5 0
::::::::::
% of c a sh rese rv e s of t r u s t cos--16.18%
11.80%
C ash o n d c p . w ith bk s.
15.39%
10.91%
15.26%
1.02%
2 7 .9 8 %
2 7 .3 0 %
16.28%
T o t a l ................. - ............
Boston.
F e b . 2 4 ............... .
M ch. 2 .................
M ch. 9 ...............
M c h .1 6 .................
M ch .2 3 .................
M c h .3 0 .................
A p r. 6 .................
A p r. 1 3 . . . .
P h ila d e lp h ia .
F e b . 2 4 .................
M ch. 2 .................
M ch. 9 .................
M ch. 1 6 .................
M c h .2 3 .................
M c h .3 0 ________
A p r. 6 .................
A p r. 1 3 .................
Loans.
Legals. Deposits. Circu
a
lation.
Specie.
$
8
S
%
$
41,575,0 231,160,0 26.262,0 4,176,0 279,028,0
41,575,0 227,561,0 25,297,0 4,063,0 275,067.0
41,575,0 224,429,0 24.385.0 4,145,0 266,625.0
41,575,0 226,444,0 23,852,0 3,987,0 270,195,0
41,575,0 229,680,0 23,785,0 3,986,0 275,858,0
41,575.0 223.551.0 25,079.0 3,815,0 275,872.0
41,575,0 220,107,0 26,405,0 3,725,0 271.258.0
41,575,0 223,761,0 25,029,0 3,998,0 265,259,0
80,623,2 382,191,0
100,407,0
423,857,0
80,623,2 382,674,0
103,057,0
427,256,0
80,623,2 386,493,0
103,691,0
429,044,0
80,623,2 383,887,0
428,109,0
102.295.0
80,623,2 385,248,0
101,852,0
427,350,0
80,623,2 386,529,0
101,610.0
427,254,0
80.623,2 387,969,0
103,578,0
432,871,0
80,623,2 388,787,0
99,849.0
431,057,0
Clearings
$
7,859,0 145.599.0
7,891,0 214.401.4
7,907,0 165.875.5
7,923,0 174.819.2
7,921,0 173.251.1
7,921,0 192.954.3
7,934,0 217.714.3
8,044,0 179,925,9
15,377,0
15,407,0
15,195,0
15,149,0
15,130,0
15,158,0
15,129,0
15,102,0
123.819.5
153.858.5
160.965.8
163.547.2
154.190.8
142.360.7
152.101.7
164.825.3
a Includes Government deposits and the Item “due to other banks.” At Boston
Government deposits amounted to 52,375,000 on April 13, against $2,371,000 on
April 6.
Im ports and E xports for the W eek. —The following are
the imports at New York for the week ending April 13; also
totals since the beginning of the first week in January.
FOREIGN IMPORTS AT NEW YORK.
For Week.
1912.
19 11.
1910.
1909.
Dry goods............................
General merchandise............
$3,312,979
21,131,195
$2,482,625
14,426,076
$2,491,229
16,078,528
$2,649,883
14,120,877
Total................................ $24,444,174 $16,908,701 $18,569,757 $16,770,760
Since January 1.
Dry goods............................ $46,315,017 $46,910,811 $53,204,233 $54,478,343
General merchandise_____ 254,090,928 211,116,685 243,810,197 203,340,312
Total 15 weeks................. $300,405,945 $258,027,496 $297,014,430 $257,818,655
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 13 and from Jan. 1 to date:
+ Increase over last week. — Decrease from last week.
a These are the deposits after eliminating the Item “Due from reserve depositories
and other banks and trust companies In New York City"; with this Item included,
deposits amounted to $715,619,900, an Increase of $108,000 over last week. In the
case of the Clearing-House members, the deposits arc "legal net deposits” both for
the average and the actual figures, b Includes bank notes.^
^
, ta
EXPORTS FROM NEW YORK.
1912.
1911.
1910.
1909.
For the week...................... $18,468,989 $12,663,846 S ll,718.467 $9,869,720
Previously reported............. 231,606,365 214,043,207 176,489,624 175,120,141
Total 15 weeks................. $250,075,354 $226,707,113 $188,208,091 $184,989,861
The averages of the New York City Clearing-House banks
and trust companies, c o m b in e d with those for tne State banks
The following table shows the exports and imports of
and trust companies in Greater New York outside of the
Clearing House, compare as follows for a series of weeks past: specie at the port of New York for the week ending April 13
and since Jan. 1 1912, and for the corresponding periods in
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
1911 and 1910:
GREATER NEW YORK.
^
W e omit two ciphers in all these figures.
Week
Ended.
10..
Loans and
Investm ents.
Deposits.
S
2,607,204.4
2,626,743,3
2,632,117,7
2,626,630,2
2,645,472,7
2,650,795,6
2,649,129,8
2,650,810,6
2,601,514,8
2,646,312,4
$
2,497,993,9
2,506,444,9
2,510,486,5
2,503,391,2
2,512,212,1
2,511,749,0
2,510,225,6
2,507,172,7
2,506,033,3
2,489,720,4
Specie.
8
Legals.
Tot. Money Entire lies,
Holdings. on Deposit.
$
08,317,6
97,569,6
96,941,0
97,254,2
95,718,0
96,714,3
96,212,5
95,293,3
92,914,6
94,300,4
S
$
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
G old.
Week.
645.004.1
626.814.9
619.721.2
613.273.3
612.402.9
603,028,6
595,574,2
591.973.0
580.074.9
582.181.0
G re a t B r ita in ............................................
F r a n c e .......................................................
G e rm a n y .......................... .......................
W e st I n d ie s ____
.......... ..............................
M exico
S o u th A m e ric a _____ ______________
A ll o th e r c o u n tr ie s .
Reports of Clearing Non-Member Banks. —The following is
the statement of condition of the clearing non-member banks
for the week ending April 13, based on average daily results:
S ilv er.
G r e a t B r i t a i n ............................................
F ra n c e .............
G e rm a n y ...........................
W e st I n d i e s . ......................
M exico ...............................
S o u th A m e ric a .........................................
All o th e r c o u n tr ie s _______
Feb.
Feb.
Feb.
M«h.
Mch.
Mch.
Mch.
Mch.
Apr.
Apr.
17 ..
24..
2..
9..
16 ..
23..
30..
0..
13 ..
451,204,5
445,282,4
439,851,0
434,068,6
432,182,7
425,451,2
422,044,4
417,151,9
408,260,1
410,412,2
549,522,1
542,852,0
536,792,0
631,322,8
527,900,7
522,165,5
518.256,9
512,445,2
501,174,7
504,712,6
W e omit two ciphers (00) In all these figures.
Capi
tal.
Banks.
Mow York City.
Manhattan
Bronx.
Aetna National.........
Washington Heights.
Battery Park Nat---Century ...................
Colonial ...................
Columbia...................
Fidelity.....................
Gotham National---Mount Morris...........
Mutual........-.............
New Netherlands---Twenty-third Ward..
Yorkvllle .................
*
300,0
Sur
plus.
$
322,8
318,0
107,9
514,5
501,5
799,9
171,4
123.0
340,7
402.4
286,8
72,3
507,3
Loans,
Legal
On
Disc’ts
Tender Deposit
and
Specie. and
with
N et
Invest
Bank
C .-H . Deposits.
ments.
Notes. Banks.
$
2,744,0
1,521,0
1,421,0
5,441,0
6,601,0
S
$
547,0 39,0
142,0
09,0
325,0
54,0
42,0 883,0
785,0 389,0
668,0 584,0
00,0 125,0
390,0
20,0
458.0 51,0
474,0 324,0
324,0 107,0
249,0 108,0
50,0 782.0
%
%
78,0
205,0
153,0
967,0
838,0
754,0
176,0
137,0
401,0
484,0
256,0
256,0
614,0
2,342,0
1,264,0
1,515,0
6,269,0
6,872,0
7,726,0
1,218,0
1,382,0
2,928,0
4,604,0
2,812,0
2,061,0
4,854,0
393,0 152,0
403,0
291,0 100,0 472,0
500,0 295,0 823.0
281.0 1,706,0 1,899,0
479,0 130,0
862,0
200,0 118,0
253.0
291,0 456,0 1,907,0
218,0
88,0 049,0
119,0 146,0
524,0
201,0 49,0 352,0
193,0
67,0
102,0
Totals April 1 3 ---- 6,597,0 11,594,9 90,217,0 7,740,0 0,842,0 13,625,0
Totals April 0 ___ 6,597,0 11,501,9 88,630,0 7,297,0 6,472,0 15,220,0
Totals March 3 0 ... |6,597,0:11,594,9 87,607,0 loi.o 6,4 90.-O14,309,0
3,179,0
2,695,0
5,492,0
12,889,0
3,711,0
2,383,0
Brooklyn.
100,0
200,0
500,0
400,0
300,0
200.0
290,0
250,0
200,0
200,0
200,0
100,0
200.0
1,257,0
1,274,0
2,619,0
4,297,0
2,893,0
1,836,0
4.337,0
514,0 3,205,0
Broadway.................
First National______ 300,0 664,8 3,524,0
Manufacturers’ Nat.. 252,0 877,0 5,899,0
Mechanics’ _______ 1,000,0 882,0 10,960,0
National City............ 300,0 578,2 3,755,0
North Side................. 200,0 169,0 2,343,0
Jersey City.
First National........... 400,0 1,317,8 4,916,0
788,9 3,665,0
Hudson County Nat.. 250,0
Third National......... 200,0 419,1 1,936,0
Hoboken.
First National............ 220,0 633,3 3,781,0
Second National........ 125,0
272,3 3,201,0
4,150,0
1,916,0
1,641,0
T o ta l 1912 .
T o ta l 1 9 1 1 ..............................................
T o ta l 1 9 1 0 ..............................................
T o ta l 1 9 1 2 ..............................................
T o ta l 1 9 1 1 ..............................................
T o ta l 1 9 1 0 .......... ...................................
Week.
Since Jan. 1
$ 1 2 ,0 3 0 ,4 8 7
$ 1,938
$1 ,735
430,994
$100
55 0 ,8 0 0
2 50,000
7,4 9 2 ,3 0 4
3 2 ,5 0 0
990
260,440
2 8,556
17,430
75,570
4 ,5 8 3 ,957
801,143
522,342
$250,100 $ 2 0 ,106,091
2,0 3 8 ,2 9 4
3 ,000
4 ,0 1 6 ,0 4 0 18,990,374
$309,354
S67.217
109,402
S 6 ,415,741
$3 ,0 3 7 ,142
4 ,8 1 7 ,055
—
$472,389 $ 1 1 ,878,374
2 ,3 4 9 ,4 0 0
2 33,000
1,000
26 ,2 6 0
‘ "2 6 6
14,168
3 0 4 ,9 2 0
$398
13,799
3 2 ,969
5,006
$ 3 ,268
2,802
15,335
9,476
1,757,421
1,107,141
3 82,372
$706,589 $14 ,5 7 3 ,1 2 2
763,027 14,133,851
8 55,790 1 2,657,759
$ 52,172
72,691
71,526
$ 3 ,2 7 7 ,815
2,0 9 0 ,121
1,170,433
Of the above imports for the week in 1912, $240 were
American gold coin and $398 American silver coin.
g jm M tig and fftn a n c ia L
Railroad and Industrial Stocks
Write for our Circular No. 614, entitled “ Railroad and Industrial
Stocks," which describes 126 Issues listed on the New York Stock
Exchange, and classified by us as follows; Investment Stocks, Semi
Investment Stocks, Speculative Stocks.
Spencer Trask & Co.
43 HXCHANOE PLACE— NEW YORK.
Chicago. III. Boston. Mass. Albany, N. Y.
M em bers N ew
Y o rk S to c k E xch a n g e.
White, Weld & Co.
1,594 0
1,373,0
85,900,0
83,742,0
85,17 g!o
Imports.
Since Jan. 1
Bonds and Investment Securities
D NA SSA U S T R E E T ;
NEW YORK
THE
ROOKERY.
CHICAGO
THE CHRONICLE
1102
fS a n U e r i*
W a l l S tr e e t, F r i d a y N i g h t , A p r i l 19 1912.
T h e M o n e y M a rk e t and F in a n c ia l S itu a tio n .— Business in
W a ll S tre e t has been p a rtia lly p a ra lyze d this week b y the
tra g ic m arine disaster w ith w hich a ll are so fa m ilia r. N o th in g
in recent years has had such an effect here, and the same is
tru e to a g re a te r o r less e x te n t a t Lo n d o n and perhaps o th e r
E u ro p e a n centres. T h e depressing influences of the event
h a ve been m ore and m ore m an ife st d a y b y d a y, u n t il the
vo lu m e of business a t the S to ck E xchan g e is o n ly a b o u t
one-third its recent average. P o litic s a re fo r the m om ent
p ra c tic a lly fo rg o tte n and a ll o rd in a ry m a rk e t factors have
a p p a re n tly ceased to e xis t as such.
Th e re seems to be no d isp o sition to liq u id a te fo r a n y
cause, i t h a v in g been rep o rted to-day th a t the dem and fo r
shares is in excess of the s up p ly, and y e t the m a rk e t was
v e r y d u ll. T h is dem and is, how ever, of a negative character
and n o t s u ffic ie n tly aggressive to cause a n y appreciable
advance in prices.
T w o o r three o th e r item s of news m ig h t have caused such
an advance b u t fo r the foregoing conditions. W e refer to
an im p ro v e m e n t in the iro n and steel in d u s try , w hich the
le a d ing trad e jo u rn a l describes as “ h ig h ly encouraging,” to
the G o v e rn m e n t re p o rt of in te rn a tio n a l trad e fo r the m o n th
of M a rc h , to the announcem ent of an increased d ivid e n d
ra te on A m a lg a m a te d Copper shares and to s lig h tly easier
m on ey m a rk e ts a t hom e and abroad.
T h e B a n k of E n g la n d rep o rts a s u b s ta n tia l a d d itio n to its
percentage of reserve and the B a n k of France la rg e r gold
h oldings. T h e m o ve m e nt of currency th is week has been
fro m the in te rio r tow ards this centre and rates ha ve shown
a tendency to decline.
.
T h e open m a rk e t rate fo r call loans on the S tock E xchan ge
d u rin g the week on stock and bond co llaterals has ranged
fro m 2 % @ 3 % % . To-day rates on call were 2 % @ 3 % .
C o m m erc ial paper quoted a t 4 @ 4 % % fo r GO to 90-day en
dorsem ents and fo r p rim e 4 to 6 m o n th s ’ single names and
5 % fo r good single names.
T h e B a n k of E n g la n d w e e kly s ta te m e n t on T h u rs d a y
showed an increase in b u llio n of £°1,424,149 and the percent
age of reserve to lia b ilitie s was 45.39, ag ainst 42.85 la s t week.
T h e rate o f discount rem ains unchanged a t 3 % % , as fixed
Feb . 8. T h e B a n k of France shows an increase of 3,975,000
francs gold and 11,500,000 francs s ilve r.
NEW
YORK
C IT Y
C L E A R IN G -H O U S E
BA NK S.
(Not Including Trust Companies.)
1912.
Averages tor
week ending
A p ril 13.
S
135 .1 5 0 .0 0 0
C a p i t a l ...............................
199 ,9 1 8 ,5 0 0
S u r p lu s ...............................
L o a n s a n d d i s c o u n t s .. . 1.3 9 1 .3 9 4 .0 0 0
4 8 .3 3 1 .0 0 0
C irc u la tio n ......................
N e t d e p o s its ...................... 1.4 0 8 .0 7 1 .0 0 0
2 8 2 .8 8 9 .0 0 0
S p e c ie ...............................
75 .8 9 4 .0 0 0
L e g a l - t e n d e r s .................
Differences
from
previous week.
S
D ec. *23,94 £ 6 6 6
D ec.
2 24,000
D ec. 2 2 ,9 1 1 ,0 0 0
In c .
8 ,000
In c .
1 ,016,000
1911.
1910.
Averages for
week ending
A p ril 15.
Averages for
week ending
A p ril 16.
S
S
134.150.000
130,350,000
2 0 0 ,2 3 4 ,4 0 0
185,325,600
1,3 5 0 ,6 9 7 ,3 0 0 1,226 ,4 8 3 ,0 0 0
45 ,7 6 7 ,1 0 0
4 8 ,4 1 4 ,6 0 0
1 ,391,370,600 1 ,212,462,800
3 0 1 .4 5 6 .0 0 0 2 4 8 ,0 1 1 ,9 0 0
7 4 ,9 93,500
6 6 ,0 8 3 ,8 0 0
R e s e rv e h e ld ...................
2 5 % o f d e p o s its ...............
3 5 8 .7 8 3 .0 0 0 In c .
3 5 2 ,0 1 7 ,7 5 0 D ec.
1,0 2 4 ,0 0 0
5 ,7 2 7 ,7 5 0
3 7 9 ,4 4 9 ,5 0 0
3 4 7 ,8 4 2 ,6 5 0
3 1 4 .0 9 5 .7 0 0
3 0 3 .1 1 5 .7 0 0
S u rp lu s re s e rv e --------
6 ,7 6 5 ,2 5 0 jln c .
6 ,7 5 1 ,7 5 0
3 1 ,6 0 6 ,8 5 0
10,980,000
N ote .— T h e C learing H o u se n o w Issues a s ta te m e n t w e ek ly sh o w in g th e a c tu a l
c o n d itio n o l th e h a n k s o n S a tu rd a y m o rn in g a s w ell a s th e a b o v e a v e ra g e s. T h ese
fig u res, to g e th e r w ith th e re tu r n s o f th e s e p a r a te b a n k s a n d t r u s t c o m p a n ie s, also
th e s u m m a ry Issued b y th e S ta te B a n k lh g D e p a r tm e n t g iv in g th e c o n d itio n o f
S ta te b a n k s a n d t r u s t c o m p a n ie s n o t r e p o rtin g to t h e C le a rin g H o u se , a p p e a r o n
th e se co n d p a g e preced in g .
F o re ig n E xch an g e .— T h e m a rk e t has shown a steady ad
vance th ro u g h o u t the week and closes firm .
T o - d a y ’s ( F r i d a y ’s) n o m in a l r a t e s f o r s t e r l i n g e x c h a n g e w e r e 4 8 5 f o r 6 0
d a y s a n d 4 88 f o r s i g h t . T o - d a y ’s a c t u a l r a t e s f o r s t e r l i n g e x c h a n g e w e r e
4 8 4 2 0 @ 4 8 4 3 0 fo r 60 d a y s , 4 8 7 2 5 @ 4 8 7 3 0 f o r c h e q u e s a n d 4 8 ? 7 5 @
4 8 7 8 0 f o r c a b le s . C o m m e r c ia l o n b a n k s 4 8 2 % @ 4 8 3 % a n d d o c u m e n t s
f o r p a y m e n t 4 83 % @ 4 84 % . C o t to n f o r p a y m e n t 4 83 % @ 4 8 4 a n d g r a i n
f o r p a y m e n t 4 84 q @ 4 8 1 A .
T h e p o s te d r a t e s f o r s t e r l i n g a s q u o t e d b y a r e p r e s e n t a t i v e h o u s e , w e r e
a d v a n c e d A c . t o 4 88 o n T u e s d a y f o r s i g h t a n d t o 4 8 5 f o r 6 0 d a y s o n F r i
day.
T o - d a y ’s ( F r i d a y s) a c t u a l r a t e s f o r P a r i s b a n k e r s ’ f r a n c s w e r e 5 2 0 % @
- 5 2 0 le ss 1-16 f o r lo n g a n d 5 17 'A le ss 3 - 3 2 @ 5 17 'A le s s 1 -10 f o r s h o r t . G e r
m a n y b a n k e r s ’ m a r k s w e r e 94 9 - 1 6 @ 9 4 % f o r lo n g a n d 9 5 3 -1 6 le s s l - 3 2 @
9 5 3 -1 6 f o r s h o r t . A m s t e r d a m b a n k e r s ’ g u i ld e r s w e r e 4 0 3 1 @ 4 0 3 3 f o r
sh o rt.
E x c h a n g e a t P a r i s o n L o n d o n , 2 5 f . 2 5 c .; w e e k ’s r a n g e , 2 5 f . 2 5 M e . h ig h
a n d 2 5 f . 23 M e. lo w .
E x c h a n g e a t B e r li n o n L o n d o n , 2 0 m , 4 8 'A p f .: w e e k ’s
r a n g e , 2 0 m . 49 % p f. h i g h a n d 2 0 m . 4 7 % p f. lo w .
T h e r a n g e f o r f o r e ig n e x c h a n g e f o r t h e w e e k f o llo w s ;
S te rlin g , A c tu a l—
S ix ty D a y s .
Cheques,
Cables.
4 8730
4 8780
H i g h f o r t h e w e e k ___4 8 4 3 0
4 8700
4 8740
L o w f o r t h e w e e k ___ 4 8 3 9 0
P a r is B a n k e r s ’ F ra n cs —
5 1 7 % le s s 1 -16
5 1 6 % le s s 3 -3 2
H i g h f o r t h e w e e k ___5 2 0 le s s 1 -16
5 18 A le s s 1-32
5 17 A le ss 5-6 4
L o w f o r t h e w e e k ___ 5 2 0 A le s s 1 -32
G erm a n y B a n k ers' M a r k s —
9 5 5 -1 6 le s s 1-32
9 5 3 -1 6
H ig h fo r th e w e e k —
94 1 1 -1 6
9 5 3 -1 6 le s s 1-6 4
9 5 % le s s 1-3 2
L o w f o r t h e w e e k ___ 94 9 -1 6
A m ste rd a m B a n k e r s ’ G uilder : —
4 0 37
4 0 33
H i g h f o r t h e w e e k — 4 0 15
4 0 33
4 0 29
L o w f o r t h e w e e k ___ 4 0 12
D o m e s ti c E x c h a n g e . — C h ic a g o , 3 5 c . p e r * 1 ,0 0 0 p r e m i u m .
B o s to n , 5c.
p e r * 1 ,0 0 0 p r e m i u m .
S t . L o u is , 3 0 c . p e r * 1 ,0 0 0 p r e m i u m .
N e w O rle a n s ,
c o m m e r c i a l, 2 5 c . p e r * 1 ,0 0 0 d i s c o u n t ; b a n k , *1 p r e m i u m . S a n F r a n c i s c o ,
2 0 c . p e r * 1 ,0 0 0 p r e m i u m . S a v a n n a h , b u y i n g , 3 - 1 6 % d i s c o u n t ; s e llin g , p a r .
S t . P a u l , 4 5 c . p e r $ 1 ,0 0 0 p r e m i u m .
M o n tr e a l, 4 6 A c . p r e m i u m . C h a r le s
t o n , b u y i n g , p a r ; s e llin g , 1 - 1 0 % p r e m i u m .
S tate and Railroad Bonds. — Sales of S ta te bonds a t the
B o a rd includ e $153,000 N e w Y o r k Canal 4s 19G0 and 1961
a t 102, $98,000 N . Y . 4s 19G1 a t 102 to 102% and $15,000
V irg in ia 6s deferred tru s t receipts a t 49.
T lie m a rk e t fo r ra ilw a y and in d u s tria l bonds has been
r e la tiv e ly a c tive , due to an u nusual in te re s t in a few issues.
[VOL. L X X X X IV .
Prices have g e n e ra lly been steady b u t a few issues h a ve
flu c tu a te d w id e ly.
A m o n g the la tte r are In te rn a tio n a l
M ercan. M a rin e 4 % s, w hich declined o ver 4 p o ints and
Allis-C halm ers 5s w hich have lo st a p a rt of tn e ir recent
advance.
B ethlehem Steel 5s have advanced o ve r 6 p o in ts
and W ab ash ref. e x t. 4s are o ve r 2 p o in ts hig her.
U n ite d States B o nds.— Sales of G o ve rn m e n t bonds a t the
B o a rd are lim ite d to $17,000 P a n a m a 3s a t 101% to 101%
and $4,000 4s reg. a t 114% . Closing prices have been as
follows; f o r y e a r l y r a n g e se e th i r d p a g e f o l lo w i n g .
Interest A p ril
Periods
13
2 s,
2s,
3 s,
3 s,
4s,
4 s,
2s,
3 s,
1930 ....................reg iste re d
1 9 3 0 ...........................c o u p o n
1 9 0 8 - 1 8 ............reg iste re d
1908-18 ................. c o u p o n
1925 .................r e g is te r e d
1 9 2 5.......................... c o u p o n
1 9 3 6 .P a n a m a C a n a l regts
1 9 6 1 .P a n a m a C a n a l c o u p
Q— J a n
Q—Jan
Q— F e b
Q— Feb
Q— F e b
Q— Feb'
Q— F eb
Q— Mch
A p ril
A p ril
15
16
A p ril
17
A p ril
A p ril
18
19
*100% * 100 % *100% *100 A *100A *100 A
*100% *100 A *100% *100 A *100 % * to o %
*102 A *102 A *102 A *102 A *102 A *102 A
*114
114 A *114
*114
*114
♦ in
*114% *114 'A * 114% *114 q * H 4 ,q *114 q
*100 A * 100 % * i o o q *100).,' * io o q *100),'
*101% 101A
101%
R a ilro a d and M iscellaneous S to cks.— F o r reasons noted
above, the stock m a rk e t has beep decidedly irre g u la r and
showed an increasing tendency to in a c tiv ity and weakness.
T h e transactions, a m o u n tin g to o ve r 900,000 shares on
M o n d a y, w hich was a b o u t the average of la s t w ee k’s busi
ness, d im inishe d to lit t le m ore th a n 1-3 th a t a m o u n t to-day.
T h e best prices of the week were g e n e ra lly recorded on
Tuesd ay, before the f u ll e x te n t of the disaster referred to
became kno w n, b u t fro m these there has been a s u b s ta n tia f
reaction and closing prices are an average of a b o u t 2 po ints
below the highest.
A m o n g the excep tio na l features N ew Y o r k C e n tra l is
conspicuous fo r an advance of o ver 4 points. Sears, Ro e
b u ck has m ade a s im ila r advance. P itts b u rg h Coal p referred
is o ve r 5 p o ints h ig he r th a n la st week. A m . Can p referred
n e a rly 6 points. C anad ian Pacific m oved up 4 points e a rly
in the week, a b o u t h a lf of w h ic h i t has lost. O th e r flu c tu
atio ns have been re la tiv e ly n a rro w .
F o r d a i l y v o lu m e o f b u s in e s s se e p a g e 1112.
T h e fo llo w in g sales have occurred this week- of shares n o t
represented in o u r d etailed lis t on the pages w hich fo llo w :
ST O C K S .
W ee* ending A p ril 19.
A m e r T eleg * C a b le ___
B a to p lla s M in in g ............
B ru n sw ick T e r m in a l___
C an P a c su b s, 2d p a i d . .
C hicago & A lto n ..............
Chic M il & S t P a u l rig h ts
C hino C o p p er r ig h t s ___
C o lo rad o & S o u th e r n . _.
1st p r e f e r re d .................
C o m sto ck T u n n e l ______
C rex C a r p e t........................
G en eral C hem ical, p r e f . .
G en C hem ical r ig h t s ___
G reen B a y & W d e b B . .
H o m e s ta k e M in in g ..........
L a k e S h o re & M ich S o u .
N Y Chic & S t L o u i s . . . .
2 d p r e f e r re d ...................
N ew Y ork D o ck , p r e f . . .
N Y S ta te R a ilw a y s ___
P e o ria & E a s te r n ______
P itts b u rg h S teel, p r e f . . .
R u tla n d , p re fe rre d ..........
S e a rs, R o e b u c k & C o ,p f.
So P o r to R ico S u g , p re f.
S ta n d a r d M illin g .
P r e f e r r e d _____
T e x a s P acific L a n d T r _ .
U S R e d u c tio n & R e f g ..
V irg in ia I ro n , C & C . . . .
V u lcan D e tln n ln g ............
P r e f e r r e d ........................
W e y m a n - B r u to n _______
P r e f e r r e d ........................
Sales
for
W eek\
Range for W eek.
Lotvsst.
100 78
A pr
1,900 S l% A p r
150 10
A pr
300 245 A A p r
A pr
200 22
42,469
A A pr
2,550 35c. A p r
100 45
A pr
100 75
A pr
4,000 11c. A p r
600 70 A A p r
130 i o n 1 ; A p r
76
2% A p r
6 12
A pr
100 96
A pr.
25’495
A pr
2,210 57% A p r
110 89
A pr
A pr
100 47
1,837 88 % A p r
2,400 13 A A p r
A pr
100 102
A pr
50 60
400 123% i A p r
A pr
50 110
200 20 'A A p r
400 59
A pr
200 89
A pr
2% A p r
100
220 64
A pr
100 21
A pr
175 80 A A p r
A pr
150, 200
100' 114
A pr
Highest.
17 78
13 S2%
18 10
15 246 A
16 22
16 9-16
13 42c.
17 45
19 75
19 15c.
17 76%
16 106%
15 2 A
16 12
15 06
18 495
17 6 1 A
17 89
18 47
13 92 A
18 15 A
19 102
16 6 1 A
15 124 A
18 110
13 20%
15 60
17 89
17 2 %
17 65
13 21
17 8 0%
15 200
15 114
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
A pr
Range since Ja n . 1.
Lowest.
17 76
16 S H
18 8
15 2 2 2 %
16 17
15
%
18 30c.
17 42
19 74%
13 11c.
18 70
16 106 q
15 2 %
16 10%
15 8 6 ' i
18 450
18 54
17 87
18 47
18 8 8%
19 1 6 ',
19 101
16 50
15 121
18 110
13 K A
15 53
17 89
17
1%
13 54
13 15
17 70
15 170
15 112
Highest.
Mch 78
M ch S2%
J a n 10
Feb 247
Jan 22%
A p r 9-16
A p r 50c.
Mch 45
M ch 76%
A p r 16c.
A p r 76%
M ch 111
Mch
2%
F e b 12%
M ch 96
J a n 495
F e b 6 1%
J a n 90
A p r 50
A p r 92 %
A p r 15%
Feb 103
J a n .65
J a n 124%
J a n 110
Jan 21%
J a n 61%
A pr 90
Mch
2%
Mch 90
J a n 2 7%
J a n 85
J a n 200
Mch 114
Jan
A pr
A pr
A pr
M ch
A pr
A pr
Feb
Jan
Feb
A pr
Feb
A pr
M ch
A pr
A pr
A pr
Jan
M ch
A pr
A pr
Feb
Jan
Feb
Jan
M ch
M ch
Jan
A pr
Jan
Feb
M ch
A pr
A pr
, O utside M a rk e t. — In te re s t in the general ru n of “ C u rb ” se
cu rities this week was of sm a ll pro p o rtio ns, the m eteoric rise
in the M a rco ni W ireless issues absorbing the a tte n tio n .
W it h in a lit t le o ve r a week the old stock (p a r $25) of the
M a rco ni W ireless Teleg. of A m e ric a has been ru n up a lm o st
300 p o ints to a ro u n d $345. T h e new stock was rep o rte d
trad ed in, “ w. i. , ” up fro m $7 to $16. U n u su a l a c t iv it y in
A m . W r itin g P a p e r com. was accompanied b y an im p ro v e
m e n t of a p o in t to 3 % , tho ug h i t closed to-day a t 3. B ritish A m e r. Tobacco san k fro m 24 to 2 2 % , b u t recovered to 2 3 % .
In te rc o n tin e n ta l R u b b e r com. gained o ver a p o in t to 1 8 % ;
and finished to-day a t 18 % . M ovem ents in L e liig h Coal
Sales were irre g u la r, the stock fro m 246, la st w eek’s close, sell
ing as hig h as 252, and down to 245. T h e close to-day was
a t 248. S ta n d a rd O il of N . J. advanced fro m 394 to 400,
reacted to 389 and ended the week a t 390. S tu d e b a ke r Corp.
com. w eakened fro m 39 to 3 7 % and recovered fin a lly to 38.
U n ite d C igar M frs . com. lo st a p o in t to 58. U n ite d C igar
Stores, a fte r a d ro p of 6 p o ints to 180, sold up to-day to 187,
w ith the close a t 185. R ecent lis tin g on the E xchan ge of
several of the m ore a c tive “ c u rb ” bond issues has c u rta ile d
business in th a t d e p a rtm e n t. W e ste rn Pacific 5s declined
fro m 8 8 % to 88, m oved up to 8 8 % and reacted to 8 7 % .
N . Y . C ity 4 % s w e n t down fro m 102% to 101% . T h e f o rth
com ing issues of 4 % s appeared and sold, “ w. i. , ” dow n fro m
10 1% to 10 0% . Th e re was lit t le change in the m in in g de
p a rtm e n t. Greene Cananea declined fro m 9 to 8 % and re
covered to 9 % , the close to-day being a t 9 % . In s p ira tio n
Cons. Copper im p ro ve d a t firs t fro m 1 9 % to 19 % , b u t dropped
to 19 % .
O utside q u o ta tio n s w ill be fo un d on page 1112.
New York Stock Exchange— Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G T W O P A G E S
F o r r e c o r d o f s a le s d u r in g t h e w e e k o f s t o c k s u s u a ll y i u W i v e . sc ? o rec e d irv » n i ? » .
STO C K S--H IG H E S T AM D L O W E ST
Saturday
A pril 13.
Monday
A pril 15.
Tuesday
A p ril 10.
SALE
Wednesday
A pril 17.
PRICES.
Thursday
A pril IS.
Friday
A pril 19.
Sa '3 0
the
Week
Shares
108V 10712 1087t 107% 109% 107% 1081
108% 1087, 108 108% 33,251
lUiP, §103% 103% 103% 103% *103% 103'% 103% 1033, 1033® 1083,
1,225
141
14012 142
141% 1413. 141
►140% 1413.
1411
141 141
2,701
107% 107% 107% 1071,8 107% 10(5% 1073; 107% 1081, 107 107% 12.905
881; *87% 881,
*873 , 80
*873i 89% *873, SOI,, ___
83L
82% 83 b
82% 83
4,30'
82% 833/
827s 831. *3273 83%
250% 251 254
250% 2527f 2503, 2523. 252% 2537, 251% 2523/ 39,770
375
365 30.5 5305 305
*365 375 *365 375 +363 375
110
80b
791.1 80-3.
791® 80%
79% 80
79% 80%
78% 79% 17,922
19
1834 19%
19
191.
183., 19
3,74."
19
191, *1834 19
*30
38
37
30
.37
37
30% 3 6 b
36% *37
38
775
110b 1093.1 1113, 110% 1121. 110% 111% 1103s 111% 110% 1103, 22,45(1
144
375
144% 1411. *142 144% 142% 1421; *142% 144% + 142% 144%
143% 1431- *143
144 *143
144
144
144 *143% 144
800
143
*194 197 *194 197 *194 197 *194
198
198
►
194 190
23,
3%
2b
21® 27f
2b
33S 3%
21.
3%
3,500
3-'-s
0%
*51® 7%
01® 8%
83., 10%
9% 10
0b
*5
4,800
__
*58
00
*58
00
*58% 53% *58
*55
GO
00
00
no
101 % 101 % 1011® 101b * 1 0 1 % ____ 101% 101%
110 *101
*101
300
171b 170 171
170 170
1701® 171 *170 171% 170% 171 *170
800
*547 504 *547 504 *547 504 *547 501
*547 500
*547 500
*22
24
24
*22
24
23
233,8 *22
23%
300
2312 23% *22
42% 42%
<12% 43
42% 42%
42% 4 2 b
417s 423,s *40
42%
1,700
101, 510% 1 0 b *10
103., *10
105; 5101.
*10
103/ *10
10%
75
22
*201,i 21%
20
^20^2 21% *201- 21% §21% 21% *20% 213, *20
37
38%
37% 38b
30% 37%
30% 37
3658 37%
3758 38
78,250
5034
o
5
\
55
50
5512 561?
5 318 50%
5512 56
50
50
7,980
40
40
40% 461® *441,4 4 63.i *44^2 46-% *45
*40% 47%
463.i
200
131
132
131 131% 130% 132% 131% 133
13H7 132
1311,8 1313s 17,310
40%
40b
40% 40%
40
39% 40%
397g
39% 39%
39% 39%
5,900
129% 1307s 1291® 130 §1293., 1293., 1297s 130
129 130
129 129
1,050
201/
20
19% 20%
19% 193.,
197g 20
193, 20%
18®, 193, 11,700
58% 00
59% 601.J
58% 59*%
58% 59%
583,7 59
573., 58% 14,900
13
*12
*12% 13
*12
13
*12% 13
*12% 1.3
*121® 13
28
*20
29
*20
30
*26
*20
.30
*20
30
*20
30
28
28
28
28
281?
*27
28
28
*27
28% *27% 28
400
*017$ 65
*62
65
*617g 65
*03
05
*03
04% *02
05
16
15
*14
15
15
15
15% 15%
16
10
15% 15%
800
*34
37
*32
37
*34
37
*34
37
37
3734 *30
38
200
1G478 1053.1 163*58 166
164% 1063,8 1633., 104% 1041® 105b 101 105
24,450
1581® 10912 15838 10U4 159 101% 1583., 1.593, 15933 1G0
1593, 1593, 57,000
*135 137 *135 138 *135 137 *135 1.37 *135 1.38 *135 137
241.i 24%
23% 23%
2234 223.,
223, 23
22% 22% *22% 23
700
*50
56
56
*51
49% 49%
49
49
4833 4 9
*48
50
810
141142%
141 i n
141% 143
111 142
1413, 142
141% 142
3,713
1501® 150% 1513, 1517g §150% 150% *150% 152 *150% 151
*150 ’ 152
414
*80% 89
*80% 89
*80% 89
*8612 89
*80% 89
*80% 89
29% 30^4
29% 30
30
303s
29% 29%
2978 301.1 *29% 30
2,500
6434 6 434 *65% GO
65% 66
*6312 00
05
65
*03% 03%
500
4234 43%
43% 44%
43% 44%
43% 44%
43
44%
43% 43% 26,300
*02
*62
00
00
*02
60
*62
00
*02
GO
*62
00
*29% 30
29% 29%
*291® 30
303s 303s
29% 29%® 29% 293.8
1,100
1143, 115
114% 118
117 119% 117% 119% 119 120
118'% 1195s 111,900
*136 139 *136 140 *136 139 *137 140 +130 138
137 137
200
*40% 40%
40
41
40% 40%
40
4038
40% 401,s
39% 393,
2,100
*40% 48
*401., 48
*47
48
*46% 48
*40% 48
*40% 48
112% 1123. 11178 112% 111% 112% 1113., 11.3% 112% 11338 112% 113% 20,370
92
*90
*90
92
*89
92
*90
92
*90
92
92
*S8
_ *001,i 07
061® 06*4 - - - 07
07% *003, 07%
400
120% 122% 120 1211., i2034 121% 1203, 12H., 35,550
120% 121% 120 122
1245® 1247c 124*% 125b 124% 125% 121 % 125% 125% 1253s 1243, 125
15,513
100
10.51® 1051® 104 105
101% 105% *104 105
*10611 100% + 104
1 ,900
*10834 110 *109% 110 + 1031., 110% *100% 1101.,
200
110% 110% *109 115
1045s 1603,8 164 1655$ 195,S00
105% 100% 165% 167% 104% 10734 163% 100
*90
903., *90
*90
91
901® 90% *90
91
91
00% 90%
400
90
90% *90% 90%
*9678 97%
96% *90
90% 90% *90% 97
700
273, 293.,
28% 293g
28% 293,
28% 28%
28% 29%
28% 29% 40,400
543.! 553,|
50% 57 %
55% 57%
5634 58%
50% 58%
56% 50%
1 .750
27% 27%
*28% 29
28% 28%
26% 28%
27% 27%
27
27
900
09
*66
08% *05
*05
08
*07
08
673s 67.% *00
68
229
42
41% 42
41% 41%
41
41% *41
411? 41%
403., 41%
2,735
*33
34%
34
33
33
34
*32
34
32% 3.3
331® 34
900
*75
70
70
77
*70
77
*70
77
*76
76%
70% 70%
400
*2578 26
25% 257s
2531 26
*25% 26
25% 25?s
*2 512 25-3 j
*51% 513.
51 “ 511®
+501,7 51
R\ U
❖ 5010 51
111% 1123c 111% 113% 112% 114 “ 112% 1123., 112% 113
112 % 112 % 18,450
293.1 30%
29% 30
29% 301.,
293, 301,s
29% 297,
293,8 29% 10,500
74
743g
74% 743,
733, 74%
74
74%
7334 733/
75%
74
4,200
24% 24%
241® 2434
24% 241.,
24
24%
24% 24%
24
1,100
38% 49%
37% 37%
38% 39%
37
39%
37% 38%
9,000
37% $7%
10
10
9% 103,s
9
9% 10%
9% 10% *10
10%
7%
6,998
*15
10
15% 157H *15
*15
10% >15% 155g *15
10
153,
300
34
3453
35% 35% *34
35% *34
35%
34% 34% *31
35%
1,000
*104% 100
*104% 100
*104% 100
105% 105% 106% 106% *105% 1003/
500
171% 172% 170% 173% 171% 174% 171% 172% 171% 173% 171% 172% 214,200
91
911.,
ON., 913, *91
01% 911.,
91% 91%
9 1 b *91% 913/
1,400
3334 333,
.333, 333,
*333.i 34
34
34
333, 34
*33
34%
520
62
*00
01
01% *6012 6l3.j
*G0% G2
613, 013, *00% 013,
400
*40% 49
*46
49
*4G% 49
*4612 49
*40% 49
*40% 48%
107%
iu;p<
14034
1U/
*8712
8275
248%
*365
79%
1!)
37
110
*140
*143
*104
*2
8%
8%
8%
21%
21% .21%
017s 6178
62%
*79
80
81
8
*7
8
23
23
23
12
11% 11%
563.1 56*3.1 * 54 %
*205
1*2
6
801,i
*60
100%
033.1
*98
*94%
*132%
28%
110
59
*117
52%
*90%
*220
9
22
02%
80
9
25%
13%
58
83.1
21
623.1
*791®
8%
24
13
503,1
*83.1
9
213.,
21
023,
61%
*78
84
8 'g
8%
25
253,
1.3
13%
5634 +511®
225 *205 225
*205 225
1%
112
1%
1%
1%
5
4% 4%
334
4
833,
80%
81%
821., 84%
01
00% 001.,
60% 00%
100% 100% 100% *99% 1007g
04%
63% 65%
05% 66%
99
*97
99
98% 98%
90% *943,! 90% *913., 90%
134% a 3 2 1 2 13412 *132% 134%
30%
29% 35%
31% 353«
11134 111% 11734 111
117
60
58**4 00%
587# 601?
118^4 *117
U 8% 116% 116%
523.,
53
53
53
53%
* 90%
*90% 98
230* *220 228 §222 222
9
21%
62%
84
8?s
253,
133,
56%
►205 225
1%
1%
334
33.,
82
8.33,
*60
61
* 99.% 101 %
6158 05-58
*97% 99
*9437 90%
+ 132% 134%
33
343.,
115% 117
583.i 59%
§118% 118%
5134 62%
*97
98
*220 220
0%
8%
*21
22
62
635,
*78
84
833
83,
251., 25%
1338 133.,
50
57
§217%
1%
3%
82%
*60
*9978
05%
98
*913.i
+ 132%
33%
115%
5977
§118
52%
*90%
*220
BANKS AND
B anks
Bid
N ew Y ork
A m e ric a 11..
190
612
B a t t e r y R k_
B o w e r y ll___
B r o n x B o ro 1
B ro n x N a t.
B r y a n t P k 11
B u t c h & Ur
C e n t u r y 1|__
C h a s e _____
125
400
300
175
150
130
230
035
Ask
B anks
Hid
Chr.t.fcPhenU 185
o h e ls e a E x t 195
C h e m ic a l __ 440
247'® C itiz e n s ’ Otl 1771?
130 ’ C i t y ________ 1435
__ C o al A I ro n 155
___ C o lo n ia l 1 |. . 425
C o lu m b ia 1). 335
180
C o m m e r c e . 1200
155
C o rn E x 1 i .. 309
140
____ E a s t R i v e r . 105
F i d e lity 1 |._ 105
—
A sk
190
200
14*46”
160
350
f 201
312
115
175
217%
13.8
33,
84%’
01
ion®
003,8
98%
96
134%
34t,i
110
60%
118%
63%
98
220
87g
§21
02
*75
834
*25
13%
56%
*205
1%
3%
82%
*60%
101
65%
*97%
*943;
*132%
32%
115%
59
117
5238
*97
§222
8%
21
WQ
8s
83,
20
13%
56%
Lowest.
A t c h T o p e k a & S a n t a F<
Do
p ref
A tla n tic C o ast U n c H i ! ..
I B a l ti m o r e & O h i o ____ __
*'
D o p r e t ________ _
I lr o o k ly n R a p i d T r a n s i t .
( ’a n a d l a n P a c lf lc
____
v c n tr a l o t N ew J e rs e y .
C h e s a p e a k e & O h io
C h ic G t W e s t t r u s t c tf s
D o p ref tr u s t c tf s .
C h ic a g o M ilw & S t P a u l
D o p r e f ____ .
C h ic a g o & N o r t h W e s te r n
D o p re f..
C h ic U n T r a c c t f s s tm p d
D o p r e f c tf s s t m p d .
C le v e C ln C h ic & S t L
D o p r e f _______
ID e la w a re & H u d s o n .
J - 'e l a w a r e L a c k A W e s t
D en v er & r i 0 G ran d e
D o p r e f ___
D u lu th So S h o re & A tla n
D o p r e f _______
U 'r i e -------------------------------D o 1 s t p r e f e r r e d ___
D o 2 d p r e f e r r e d ___
G r e a t N o r t h e r n p r e f . ___
I r o n O r e p r o p e r t i e s ___
[ l l l n o l s C e n t r a l . _______
I n t e r b o r o - M e t r o p v t c tf s
D o p r e f _____________
I o w a C e n t r a l ____________
D o p r e f e r r e d _________
J 7 " a n s a s C ity S o u t h e r n . .
K do
p r e f e r r e d _______
F a k e E r ie & W e s t e r n . .
YJ
D o p r e f e r r e d ____
L e h ig h V a l le y ____________
L o u is v ille & N a s h v i ll e
] \j a n h a tta n E le v a te d .
l'- M n n e a p o l l s & S t L o u is
D o p r e f e r r e d ___
M in n S t P A S S M a rie
Do p re fe rre d .
Do
le a s e d lin e c t f s .
Mo K a n sa s A T e x a s
D o p r e f e r r e d _______
M is s o u ri P a c lf l c _______
AT a t R y s o f M e x 1 s t p r e f
D o 2 d p r e f e r r e d ___
N Y C e n tra l A H u d s o n ..
N Y N H A H a r t f o r d ____
N Y O n ta rio & W e s te rn .
N o r f o lk S o u t h e r n ________
N o r f o lk A W e s t e r n _____
D o a d ju s tm e n t p r e f . .
N o r O h io T r a c A L i g h t .
N o r t h e r n P a c l f l c _____
P e n n s y l v a n i a ______
P l t t s b C ln C h ic A S t L _
D o p r e f e r r e d _________
l ^ e a d l n g ________________
AY 1 s t p r e f e r r e d _______
2 d p r e f e r r e d _______
R o c k I s l a n d C o m p a n y ___
D o p r e f e r r e d _________
Q t L o u is A S a n F r a n . .
*0 D o 1 s t p r e f e r r e d . ____
D o 2 d p r e f e r r e d _______
S t L o u is S o u t h w e s t e r n . .
D o p r e f e r r e d _________
S o u t h e r n P a c lf lc C o _____
S o u t h e r n v t r c tf s s t m p d .
Do p ret
do
r P e x a s A P a c lf l c ________
A b i r d A v e N e w ________
T o le d o R a i lw a y s A L t ___
T o le d o S t L A W e s t e r n . .
D o p r e f e r r e d _______ __
T w in C ity R a p i d T r a n s i t .
1 f n l o n P a c l f l c ___________
Y)
D o p r e f e r r e d ........... ..
U n i t R y s I n v ’t o f S a n F r
D o p r e f e r r e d _________
V lrg ln li Ky a P o w e r ____
4,000 \ \ f a b a s h ________________
D o p r e f e r r e d _____
4,650 'A
4,100 W e s t e r n M a r y l a n d R y ___
100
D o p r e f e r r e d _________
3,700 W h e e lin g A L a k e E r i e ___
4,725
D o 1 s t p r e f e r r e d _____
4,100
D o 2 d p r e f e r r e d _______
800 W is c o n s in C e n t r a l _______
Range ior Previous
Year 1911.
Range since January 1.
On basis 0 / i'M-shars lots
STOCKS
N E W Y O K Ii S T O C K
EXCHANGE
101% F e b 1
101% J a n 2
133% J a n 10
rl01% F e b 1
88 F e b 2<
70% J a n 2
220% Ale!) 4
305 J a n l
08% F e b 1
17% J a n 29
35 J a i l 3 1
rl()3 % F e b 5
1 42% A pr 17
x 14U4 M eh 1
194 F e b 29
1% F e b 16
4 M ch21
641® M c h 2 8
§95% F e b 24
107 J a n 10
540 J a n 10
19% J a n 2
40 M c h 15
8% M c h 4
16 M c h 8
30% J a n 15
5 0 's F e b 3
40 F e b 3
120 J a i l 15
30 J a n 31
125% M ch 18
10% J a n 3
53% J a n 3
10% F e b 8
24 M c h 16
25 F e b 9
02 F e b 1
11% J a n 26
30 J a n 8
155"3 F e b 5
149% F e b 1
135 J a n 2
21 M c h 14
§40 F e b 2G
i2 9 F e b 3
147% F e b 1
§87% J a n 12
20% F e b 7
61 F e b 29
38% F e b 24
64% M c h 30
28 A p r 1
100% J a n 9
136 F e b 1
35% M c h 7
46% F e b 29
{1073/ F e b 1
90% J a n 4
56 M c h 11
1153s J a n 10
122% J a n 9
98% J a n 2
108% J a n 2
148% J a n 11
89% M c h 5
94 J a n 11
223/ F e b 26
48 J a n 3
23 J a n 5
65 J a n 19
38% F e b 5
293/ J a n 22
68% J a n 17
1 0 5 '2 F e b
20% J a n
0 8 '/ F e b
20% J a n
37 F e b
3 Jan
123/ M c h
31 A p r
101% J a n
160 F e b
91 M c h
30-3/ J a n
58 J a n
41 J a n
0
107$
553/
75
4
11
6
48
1
31
3
3
16
15
4
1
5
1
6
5
2
4
Jan 4
Jan 2
Jan 9
Jan 9
J a n 10
Jan 3
J a n 19
Feb 6
Highest.
L ouis .
Highest.
116% J ’n e
9% S e p
1103S A p r f
105'® J ’n e
10-.% F e b 10 1003/ J a n
139% N o v
117 J a n
143'® A p r (
1093/ J ’l y
13% S e p
1 0 9 '/ A p r L
91 J a n
85% A u g
91 J a u 2u
81 J ’ly
72 S e p
84% M c h 29
19553 J a n
247 J ' l v
251 A p r 15
380 F e b 7 200 A u g 320 D e c
803/ F e b
Sep
81% A p r 11
Jc5*4 J ’i’lC
1i S e p
20% A p r 8
35% D e c
49% F e b
39% A p r 8
133% F e b
112®/ A p r P 1053; O c t
155% F e b
140 J a n 2 141 S e p
138% S e p
1443/ A p r (
150'® J ’n e
191 N o v §209 J a n
198 M eh 2(
33g F e b
1% S e p
37s A p r 18
4-3/ S e p
7% F e b
10% A p r 18
48% S e p
00 J a n
00 J a n 2
98 F e b
94% J l y
10U® A n r 17
1747s J ’n e
176'® F e b 6 159% S e p
670 N o v
505 S e p
569 J a n 29
17.% D e c
35 F e b
24 M c h 27
3034 D e c
74 F e b
401/ J a n 24
155S A lch
9 N ov
l l ' ? M c h 29
17% D e c
30% M ch
213/ M c h 30
38% J ’l y
2 7 '/ J a n
30% A p r 11
45% J a n
0 1 '/ J ’ly
57% A p r 11
35 J a n
48 A p r i l
4a»/ J ’l y
119 S e p
135-3/ A p r 9
140 J ’n e
033/ F e b
D oc
44<x J a n 2
132 J a n
147 J ’ly
141% J a n 23
2033 F e b
13% S e p
21% M c h 27
393/ S e p
56% J ’ly
62 M c h 26
22 S e p
15 M a y
15 J a n 4
42 S e p
23 A p r
30 J a n 4
373s J ’n o
2 5 '/ S e p
29% M c h 25
Oil® S e p
093/ J 'n o
65% M c h 25
10 S e p
17 N o v
10 A p r 18
25 S e p
40 J a n
373, A p r 18
1SG% D e c
1853, J a n 15 151 S e p
1003/ N o v
163 A p r 9 130% S e p
1421® J a n
131% S e p
138-3/ M ch 13
42% S e p
21% A p r
27% J a n 23
68% S e p
35 Alch
§57 J a n 15
1521/ A lch
143 A p r 10 21243/ S e p
140 N o v 160 A lch
152 M c h 15
87% J ’ly
90 '2 A lch
§88% J a n 17
38% J 'n o
27 S e p
315s M c h 29
023/ S e p
70 O c t
00 A p r 17
3 3 '/ S e p
03 F e b
47-3/ M c h 27
00 A u g
71 J a u 4
72-i8 J a n
3S38 F e b
25% A u g
36% J a n 20
120 A p r 18 *99% S e p
115% F e b
151% F e b
142% A p r 1 120% S e p
373/ S e p
41% A p r 12
4 0 's J ’l y
52% J a n 24
45% O c t
60 A lch
993/ S e p
111% N o v
114% A p r 3
853/ A p r
91% J ’n e
92 F e b 17
553/ N o v
39% J a n
67% A p r 10
1377/| J ’lMJ
125-% A p r G 1103/ S e p
130% F e b
1183/ S e p
126 A p r 8
100 J a n
90% S e p
10S A p r 2
112 F e b
102% S e p
117 F e b 20
1617* j ’n «
134 S e p
168% A p r 11
02 J ’l y
83 A lch
92 J a n 17
983/ J a n 20
90% S e p
101 M a y
223, S e p
•>4% J ’n e
30% A p r 8
433/ D e c
085s J ’n e
593s A p r 9
23 D e c
27 O c t
29% M c h 26
69 S e p
6 9 '/ J ’ly
69% J a n 23
49% J ’l y
3 / Sep
43-3/ A p r 11
14 J a n
34 F e b
3 4% A p r 2
593/ J a n
72 J ’n e
77% A p r 8
27 io A p r 4
164 % S e p
115'® A p r 8
31% A p r 9
76% M c h 28
26% A p r 2
493/ J a n 9
1038 A p r 16
163i A lc h 27
30 A p r 8
100% F e b 17
17538 A p r 9
935s F e b 27
3 7 '/ F e b 14
05% F e b 14
60 A p r 2
8812 F e b LA
9% A p r 10
227s A p r 9
64% M c h 25
81 A p r 6
9% M c h 13
25% A p r 18
14 M c h 13
57% A p r 8
____
20 A d a m s E x p r e s s ________ §191 M c h 12 §217% A p r 18
5,201 * Y .llls-C h a Im e rs __ ______
'2 M c h 2 6
1%
3 M ch30
33,
2,957
D o p r e f _____________
3% M c h 2 o
8 Jan 2
00 F e b 1
83% 110,900 A m a lg a m a te d C o p p e r ___
815s A p r 16
58% F e b 27
61
200 A tn e r A g r i c u l t u r a l C h e m .
0358 M ch 22
500
D o p r e f ________________ 100% A p r 16 104% M c h 20
101
53 F e b 20
067; A p r 10
60% 39,315 A m e r ic a n B e e t S u g a r ____
D o p r e t ________________
97 A p r 3 100% J a n 10
550
98%
A m B r a k e S h o e A I 'd r y _ _
91% J a n 2
96% M c h 15
90%
Do
p r e t ______________
130 J a n 2 138 J a i l 22
134%
11% F e b 1
33% 242,690 A m e r i c a n C a n ____________
3538 A p r 16
90% F e b 1 1173/ A p r 15
D o p r e f ________________
110% 34,720
49 F e b 5
01% A p r 9
00% 13,800 A m e r i c a n C a r A F o u n d r y
320
117
D o p r e f ________________ 115 F e b 14 118 M c h 18
55% A p r 4
4 5 % J a n 19
3,450 A m e r i c a n C o t t o n O H ____
99% l ’c b 13
95 J a n 19
98
125 A m e r i c a n E x p r e s s _______ 200 F e b 2 §225 A p r 11
222
24;% S e p
0 1 '/ J a n
19% D e c
31 N o v
4 N ov
12 D e c
347s D e c
104 S e p
153% S e p
89 S e p
28% S e p
52 S e p
37 S e p
5^4
1 4 '/
48%
75
2%
7
3
48
1
1203s J ’n e
3338 J ’ly
<5% J ’ly
3 0 i/F e b
41 D e o
8% J a n
1434 F e b
63 (8 J a n
ill
Feb
1923* J ’ly
90 J ’ly
49 F e b
70% A lch
45 A p r
D ec
D ec
A pr
Jan
Sep
Sep
A ug
S ep ’
198 N o v §245
93/
1% D e c
34
G% D e c
443/ S e p
715s
443/ S e p
63%
991® O c t
105
593/
3 9 '/ J a n
92% J a n
101
97
87 S e p
138
1221® O c t
12%
87; J a n
93%
77 J a u
58%
42% S e p
120
113 O c t
62%
41=8 N o v
92 N o v 105%
201 S e p §255
A pr
M ay
Feb
J ’n e
D ec
D ec
O ct
O ct
Feb
Feb
M ay
D ec
J ’ly
M ay
Feb
Feb
Jan
T R U S T C O M P A N IE S — B R O K E R S ' Q U O T A T IO N S .
B anks
B tl
F if th A v e l . 1500
F i lt h ............ 300
F ir s t _______ 1000
G a l l a t i n ___ 35!)
U a r l i e l d ___ 275
G e r m - A m 1 110
G e r m ’n E x lj 425
G e r m a n ia 1|. 525
G o t h a m ___ 155
G r e e n w ic h 1| 250
H a n o v e r ___ {050
A sk
1750
325
290
440
540
105
B anks
H a rrlm a n . .
t r a p A ’I r a d
I r v in g N E x
L i n c o ln ____
M a n h a tta n l
M a rk ’t A F u l
M c c h & M e t’s
M e rc a n tile .
M erch E x c h
M e r c h a n ts ’.
Bid
290
567
230
595
380
335
250
262
175
162%
186
Ask
B anks
M e tr o p o lis 1
M e tro p o l 'n li
M t M o rrls fl.
Bid
375
195
250
288
N a s s a u ____ 300
N ew N e t h . 1 210
N e w Y o rk O o 875
200
N ew Y o r k . 335
265
P a c if l c l ____ 258
167% P a r k _______ 367%
P e o p le ’s 1 j .. 240
190
575
235
605
400
Bid
A sk
Ua nkg
P r o d E x c h 1 1GS%
400
R e s e r v e ___
90
200
S e a b o a rd . . 415
260
375
2921?
S e c u r i t y H__
S h e r m a n ___ 135
220
____ S t a t e 11____ 250
2 3 d W a r d ’,]. 175
U n io n E x c . 165
265
372% W a s h H ’ta 1 275
W e s t S id e 1 ____
250
Y o r k v lile
000
I * Hid a n d a sk ed prices; no salc3 w ere m ad e o n th is d a y . { E x -rlg h ts. § Cess t h a n 100 sh ares. H S ta te b an k s, a E x -d lv id e n d a n d rig h ts. 6 N ew sto c k .
| Sale a t S to c k E x c h a n g e o r a t a u c tio n th is w eek. /i F irs t In sta llm e n t p a id . » Sold a t p r iv a te sale a t th is p rice, x E x -d lv id e n d .
I F u ll p a id .
183S F e b
40% F e b
00 J ’ly
88% J ’ly
0% F o b
1758 F e b
8 Feb
72% M a y
A sk
1721;
400
145
___
275
___
170
___
650
—
1104
New York Stock Record—Concluded—Page 2
[V o l .
l x x x x iv
For record of sales during the week of stocks usually Inactive. -ee second page preceding
ST O C K S— H IG H E ST A H D L O W E S T S A L E PRICES.
Saturday
A p ril 13
M onday
A p ril 15
Tuesday
A p ril 10
Wednesday
A p ril 17
Thursday
A p ril 18.
Friday
A pril 19.
S o la oj
the
Week
Shares
CTOf WC
N E W Y O R K STOCK
EXCHANGE
Range since January 1.
On basis ol 100 -share lots.
Highest.
I n d u s tr ia l a n d M i s c .(Con)
A m e r ic a n H id e & L e a th e r
D o p r e f ________________
400
4,400 A m e r ic a n I c e S e c u r i t ie s .
20,500 A m e r ic a n L in s e e d
D o p r e f _______ _ _______
9,050
6,700 A m e r ic a n L o c o m o t iv e ___
D o p r e f _______________
100
650 A m e r ic a n M a lt C o r p ____
D o p r e f ________________
2,627
300 A m e r S m e lte r s S e c p r e f B
58,800 A m e r S m e lt in g is R e fin in g
D o p r e f ____
1,100
300 A m e r ic a n S n u ff
Do
p r e f ___
_______
Do
p r e f, n e w ________
100
1,600 A m e r S t e e l F o u n d ( n e w ) .
2,450 A m e r ic a n S u g a r R e fin in g
D o p r e f ................................
100
11,100 A m e r ic a n T e le p h & T e le g
1,200 A m e r ic a n T o b a c c o
D o p r e f _______
____
000
D o p r e f c e r tfs of d e p .
P r e fe r r e d , n e w
6,164
200 A m e r ic a n W o o le n
D o p r e f ________________
400
11,350 A m er W r itin g P a p e r , prf.
14,900 a A n a c o n d a C o p p e r Par% 25
1,100 A s s e t s R e a li z a t io n _______
700 L )a ld w in L o c o m o t iv e , pt
41,800 D c t h le h e m S t e e l________
D o p ref
......................
35,960
B r o o k ly n U n io n G a s ____
100 B u t t e r lc k C o _____________
18,060 I C entral L e a t h e r ________
D o p r e f ...........: .............
2,100 v 2
29.000 d O h ln o C o p p e r ___ P a r 35
19.000 C o lo r a d o F u e l & I r o n ___
6.700 C o n s o lid a te d G as (N Y > .
14,900 C orn P r o d u c t s R e f i n i n g ..
D o p r e f .................................
1,860
1.700 D is tille r s' S e c u r itie s Corp
100 Feder.al M in in g & S m e lt'g
D o p r e f ________________
100
5,975 G e n e ra l E le c t r io ________
1,010 G en M o to r s v o t tr c t f s . .
D o p r e f v o t tr c t f s . . .
600
3,850 ({G oldfield C o n M P a r $ 1 0
n t H a r v e s t e r s t k tr e fts
9,300
D o p r e f s t k tr c t f s . .
450
13.000 I n t M er M a r in e s t k tr c tfs
D o p r e f________________
18,650
6.500 I n t e r n a t io n a l P a p e r ______
D o p r e f ________________
2,000
6.500 I n t e r n a t S t e a m P u m p . . .
D p p r e f________________
440
1,030 L a c le d e G as (S t L) c o m . .
1,766 L ig g e t t & M y e rs T o b a c c o
D o p r e fe r r e d ...................
1,585
300 M a c k a y C o m p a n ie s _____
D o p r e f ________________
400
200 M a y D e p a r tm e n t S t o r e s .
D o p r e f ________________
3,870 dM Iam l C o p p e r___ P a r $5
a t io n a l B is c u it
2,750
D o p r e f____________
'7 0 0 N a t E n a m e l’g & S t a m p ’g
D o p r e f ___
25
5; 500 N a t io n a l L e a d
D o p r e f ________________
5,734 d N e v C o ns C o p p e r . P a r $5
100 N e w Y o r k A ir B r a k e ____
8 ,300 N o r th A m e r ic a n Co (n ew )
a olflo M a ll...........................
1,900
aoU lc T e le p & T e l e g . .
3,775
1,645 P e o p le 's G L & C ( C h ic ).
P h ila d e lp h ia C o ( P i t t s ) . .
14,065 P it t s b u r g h C oal C o _______
D o p r e f ________________
11,290
1,250 P . L o r llla r d C o . ...................
D o p r e fe r r e d _________
200
2,150 P r e s s e d S t e e l C a r________
D o p r e i_____________
700
300 P u b S e r v ic e C orp o f N J .
750 P u llm a n C o m p a n y _______
1,525 Q u ic k s ilv e r M in in g _______
Do
p r e f .............. ...............
1,000
R a i l w a y S t e e l S p r in g ___
*4%
*4%
*4
5
*4%
5
5
*4
5
6
*4%
5
♦24
26
24% 25
*24
25% *24% 25%
21% 243 *24
25%
2234 23%
23
23
23
23%
231.1 24%
23% 241, *23% 24
145S 15
14% 14%
14
16%
14% 15%
1578 165s
155a 1634
39%
37% 3834 3734 38%
37% 37%
33
39
401“ 39% 40
413., 42
40% 43%
423., 44
4234 43
43
43% 433s
1083S 108% *108% 109 *108% 109 *108% 1087s *108% 109
*108 109
14
*4 £
14
§1334 133a *12% 13%
1234 13%
*12
12% 12%
58
57% 58
♦56
58% 58%
583, 583.,
5S5s 59
z5 6
56%
88
*86% 87% *8634 87% *86% 87%
♦86
87
87% *87% 88
837, 84%
833; 86%
84% 863j
813, 86
84% 85%
841.4 85%
107% 1U714 I u75,9 10734 10734 *107 108
*107
10734 107% *107% 108
*133 134 *133% 138 *133% 136
133 133% *130 1,35 *118 135
*106 108 *107 108 *107 108 *106 108 *106 108 *108 108
____ *101
*100
103 *101 1021* 101 101 *100 102 *100 102
35
35
34% 341,,
34% 35% *34
35%
35
35%
•U7« 347«
127 127% 126 1273, 127% 128% *126 128 *126 1281? *126 128%
*121
123 *•120 123 *120 123
123 *120 123
121 121 *121
1457s 1467s
145% 145% 1447* 145% 145 1453., 14558 1457s 1457s 146
261% 263% 262% 263
250% 258 *255 265 *255 264
258 238
105 105 *104% 105
104% 104% *104 105% *104 105
104% 104%
*106 107 *1053,, 107 *1057s 107 *105% 107 *105 107 *106 108
102 1023,3
102 102
1017* 1021* 1015s 1023s 1015£ 1017, 102 102
29
28% 28% *28
*28% 29%
*281,, 29% *28% 29
*28% 29
907s 907*
91
*90
91
91
*90% 92
91
90% 903, *90
3434 35%
34% 35
31
31
34% 35
31% 35%
34% 3538
4234
43
42
42%
4334
43%
43
%
42% 4234
42%
41
431“
114
117 117 *117% 120
114
122 123
115 116 *115 118
106% 106*8 *106% 106% 106% 106V 106 1063, *106 1063s *106% 1003S
373s 385,
34% 35
35% 37%
38
42
30
36%
35% 363,
6234
62% 6412
64% 66%
♦62
663S 74%
62% 64%
63
63
*142% 144 *142 144 *1421* 144 *142% 144 *142% 144 *142% 144
*32%
*32%
*323.4
34
*32l-» 34
34
34
34
*32% 34
34
247g 26
247s 20
263g 27
25
24% 26%
20% 27
25%
933S 9 3 V
923j
92% 92%
92% 93%
92
92% 92%
92
92
2878 29%
29% 29%
281“ 283,
29% 2978
28% 291»
28% 293.,
29% 30%
28
29% 307*
301.1 30%
30% 30%
287S
27% 293,
143% 14334
143% 143% 143% 1441? 1433., 1443j 143% 143% 14334 144
15% 15%
15% 16%
153g 15%
14*3 15
15% 157S
14% 16
83
82
823s 82% §82% 82%
83%
82%
83
83
82ls 82%
323s 323, *32
32
321“ 32-% 3238
33
32% 321*1 32
323,
18
18
*14
18
*14% 20
*14
20
*14
*14
18
18
46
*43
46
46
*44% 48
*43
46
45% *43
453., *43
170 17034 170% 170-% ♦170 171
170 172
169% 1697= 169 171
*35
38%
36
36
35% 35%
38% 36%
35% 353.1
35% 35%
74% 75
75
74% 74%
•75
*78% 81
*75% 773, *75% 77%
43g
4%
4%
43g
43*
4%
43*
‘13s
4**8
41.7
4%
4%
116 116
11534 117% 116 1173, 116 118% 11734 118% 117 117
*_
121
121 121 *115 122
120% 1203.1 1213* *121 12134 121
47s
434
47,
47g
4%
51*
5%
*6
6%
6
51,
512
2Q% 21%
20% 21%
20% 21%
.24
24
20
23%
19% ?0%
12% 14
1378 14%
137S ?4
*13
13%
13
13%
12% 13%
5578 56% *56
55
54
54
50
55
*55
57
*54
57
29
29%
28% 30%
29
29%
30% 303.,
30
31%
30% 30%
83
833., *82% 84
§83
841,
*81
S3
*83% 84% *83
1$
*106% 107
106% 1061“ *106% 107
106% 106% *106 106% *106 106%
192
190 192% 190 192
190 ' 191 *185 192 *185 192
191
10973 10!)7o 10.973 1097s 109.% 10934 109% 10934 * 109% n o
no
no
85
85% 85%
85
87
87%
*84
87%
87
*85
87.% *85
G934 69% *69
70
*69
70
*69% 70
70
69% 69'% *69
70
70
*69
70
*69
70
70
70
*69
70
*00
72
*109% n o
*1083,4 10934
* 109% n o
♦109% 110 *109% 110 *10912 n o
25<8 26
2534 2578
2578 26%
253. 261*
257. 26
26
261,*
150 150 *149 150%
§118*. 1483., 148% 151
150% 156% *146 150
129 *127 129 *137 129 *127% 1-29 *127% 129
*127 129 *127
16
16
16% 16% *16
17%
16% 16%
16% 10%
*16
17
§94
94
*90
94
*90
94
*90
95
95
♦90
95
*91
57% 57%
57% 573.,
57
57
57% 58%
57% 68
57*s 5734
*108 1093, 1083i 1083, *108 109 *108 109 *108 109 *108 109
1934 20
1934 19%
1934 1978
1934 1934
1953 197*
1934 197*
S5% 55% *53
57
*54
66
*54
58
*50
*51
57
57
8334
8334
83
83%
84
83
84
83%
82%
84%
§2%
§173
32% 32% ♦32
33
*31% 32%
32
33%
32% 33
♦32% 1(314
47% 48%
48
48
493S
475*
48%
471* 48
47% 4734
108% 108% 108% 108% ■108% 108% *108% 1083.| 1083S 1085s 10853 10858
107 107% 100% 107 *106 107
108 108
108 108
108 108
213, 2178
215S 21%
203g 203S
21% 2178
1978 221*
21
22
86
827S 875,.
86
86% 87%
86
877g
83
83
80% 87
185 189% *182 190 *182% 189% *182% 189
§188% 188% 189% 190
*109*1,110*1 1097S 10973 *10934 110% *10934 110% 10978 1097s *I0934 110%
34%
34% 35
34
34% 35
34
35%
34
34
35
35
*100% 102% 102 10^% *102 103 *102% 103 *102% 103
103 103
110% *109% 110%
no
*100% 111
110% 110% *109% 110% *109% 111
*160 161
161 161
161 161 *160% 161 *160% 161% *100% 161%
634
634
7
7
634
*7
7%
6%
6%
*6
7%
7
634
67s
*G
678
*5
6%
6%
7
7
7.
/
*014
34%
33% 3334
32% 33
34
32% 3378
333S 34
33% 33%
*9934
102
*99% 101.
*99% 102
*9934 101
*99% 101
*99% 101
19%
19% 1973 17,500
19% 20
19% 20
191*
19
187g 19%
23%
23% 213S 23
23% 2334
23% 24
243,
5,450
23
23% 23%
7778 788,
783, 783.1
785S 7S58 4,425
777S 79
76% 78%
76
77
5,800
158% 1587* 1583s 163% 163 165
1<?2 163% 16234 163% 16338 1633.,
48
*17
49
48
*47
49
550
*47
49
49% 50
471g 48
41
41% *40% 41%
3,700
40% 417,
41
42
407| 41%
' 40% 40%
*94
9G34
96
95% 90
900
963,i 97
96
96
961,1
96
96
1,540
101% 101%
101 101 *100 102
1023j 102% 102% 101% 102
*101
200.
111% 111% *110 111% *110 111%
112
*110 111% 111% 111% *111
934
97,
9,985
10% 107,
93,,
10%
934
97s
10
*9
10
953
25P
*55
60
*58
60
62
*55
60
59% 60
*57
*55
60
70
*100 101% § 1003s 1003s *100% 101 *100% 1Q1 *1005, 101 § 101 % 10 1 %
110
*105% 105% §-10534 1053, 105% 105% *105% 105®s *105% 1053s *1051.1 10558
18
1734 18
173S 17% *17
1,066
17
17% ,175s n s .
17% 17%
5434 55
74
*54% 57
1,052
5414
64
54% 54%
50
66%
§51
*96 180
*96 100
*96 100
*96 100
*98 1 0 0 . *90 100
34% *31
34
34% 343., *32
*31
34
34%
34% *32
100
*32
*08 102
1007, 10078 101
*98 102
103
*99 102
*98 101
300
77
77
77
77%
77% 77%
.773, 773.,
77% 773, *76% 76%
1,700
54% 56
t 55
z55
55%
55
655, 5.V, 10,450
56% 57
561s
1123s 1123s *111% 113%
450
115 115 *112% 114% *112% 114 *112% 114
*7734 781# *78
787S 79
*76% 78%
*773., 78%
400
79
*79% , 8 0
693.1
697S 717g
703.1 72
71
70% '7138 5198,650
69% 71%
69% 701?
11213 , 112% 112% 11234 1123s 112% 5,360
1123* 1121* 1123, 113% 112% 113
69,250
63% 64%
637, 643.,
63% 64
02V 64%
■ 62% 63
31% 633*
6I38
493, 60%
49
49% 4078’ 13,100
5233 53
52% 52%
51% 53
1-1838 11838 *118 119 *118 120
300
n?i% 118% *118.% 121% *1183S 120
147 *144% 147 *144% 147 *144% 147 *144% 117
147 *144
•143
82
13,950
82% 8234
82%
823S 82% 823.,
8258 825S 82% -86
82
75
75
75
75%
75.
1,800
76%
75
*75
76
70
75
*75
I
N
100
P
1,000
2,100
d R a y C o n sC o p p er P a r $1 0
R e p u b llo I r o n & S t e e l ___
' D o p r e f _______
.
S e a r s , R o e b u c k & Co
S lo s s -S h e ffle ld S te e l A Ir
({T e n n essee C o p p . P a r $ 2 5
T ex a s C om pany (T h e ). . .
^ .J n d er w o o d T y p e w r it e r .
t in Ion B a g & P a p e r ______
Do
p r e f ______________
U n it e d D r y G o o d s _______
Do
p r e f ..............................
U S. C a st I P ip e & F o u n d r
D o p r e f ________________
U n it e d S t a t e s E x p r e s s . . .
U S I n d u s tr ia l A l c o h o l . .
Do
p r e f . . ____________
U S R e a lt y & I m p r o v ’t . .
U n it e d S t a t e s R u b b e r . . .
D o 1 st p r e f___________ _
D o 2 d p r e f ____________
U n ite d S t a t e s S t e e l _____
D o p r e f ________________
d U ta h C o p p e r ___ P a r $ 1 0
V ir g ln la -C a r o lln a C h e m . .
D o p ref
e lls F a r g o A C o ___ . .
e s t e r n U n io n T e l e g . .
W e s U n g h ’s e E l A M fg a s s e n
D o 1 st p ref
W
Range for Previous
Year 1911.
Highest.
3 F e b 19
5% A p r 9
20 F e b 26
26% A p r "
18 J a n
25 A p r
9 M ch 6
10?4 A p r 18
30 F e b 20
40% A p r 18
3134 F e b 27
4434 A p r
lfi3 J a n 15 110 A p r .8
434 J a n 10
13% A p r 8
42 J a n 6
69 A p r 8
86 M c h 22
87*4 A p r ‘
67?g F e b
895S M c h 25
1023s J a n
108 M c h 25
123 M c h 6 14473 j a n 27
102% J a n 16 111 J a n 20
99 F e b 9 102 A p r
26 J a n 10
35% J a u
11434 J a n 12 13078 A p r
115% J a n 6 123 A p r 3
1375s J a n 2 149% M c h 2 6
241% F e b 29 287 J a n 26
102 J a n 9 108*4 J a n 19
102 J a n 10 108% J a n 18
101% J a n 11 10638 J a n 19
25% F e b 6
30 J a n 11
86 F e b 7
94% M c h 2 1
25 % J a n 25
3533 A p r 16
$34 F e b 1 $44% A p r 2
105% F e b 7 123 A p r 19
10234 F e b 2 10658 A p r
2734 F e b 27 42 A p r 19
56% F e b 27
74% A p r 19
137% M c h 2 1 143 A p r 9
29% M c h 18
34 A p r 12
16% F e b 27
27 A p r 18
935s A p r 19
80 F e b 27
$25 J a n 15 $30 A p r i l
23% F e b 28
34% A p r 10
138% F e b 17 140 M c h 28
163.1 M cli 26
10 J a n 16
*76% J a n 3
84% M c h 26
28 F e b 5
34*3 A p r 8
11% F e b 28
1834 M c h 26
37% J a n 23
46 M c h 26
155 J a n 2 173 A p r 9
30 F e b 26
38% A p r
74 F e b 28
82 A p r .
84% A p r 2
85 M c h 18
105% F e b
118% A p r 18
116% J a n 26 121*4 A p r 4
4 M ch 7
7% M c h 29
19% M c h 12
26 M c h 29
933 J a n 17
14% M c h 25
*46% J a n 3
59% M c h 22
28 F e b 23
34 J a n 2
79 F e b 1
8408 A p r 8
10-1 M c h 16 108% J a n 4
156% J a n 15 198 A p r 8
105% J a n 12 113% J a n 18
75% J im 31
87 A p r 12
68% J a n 11
707s J a n 2 3
09 A p r i l
74% F e b r
110 J a n 8 112 J a n 11
323% F e b 14 $263.i A p r 2
139% J a n 2 154% M c h 22
12031 F e b 20 129 M c h 1
12% F e b 29
17*4 M c h 26
88 F e b 27
95% J a n 2
51% J a n 9
60 A p r 10
105% F e b 1 10934 F e b 15
$18% J a n 29 $20*4 M c h 25
50 F e b 17
573a A p r 8
74% J a n 3
84 A p r 15
30 J a n 3
35 M c h 27
47 F e b 5
513a J a n 4
103 J a n 8 109 A p r 4
104 J a n 20 111% F e b I 61
1634 M c h 1 2-2% A p r 151
77 F e b 8
877a A p r 19
167 M c h 11 192% A p r fi
10734 J a n 1 2 116 J a n 19
283.J F e b 27
373s A p r 9
96 F e b 28 103 A p r 19
106*4 F e b 17 11134 M c h 28
1 5 8 % .F cb 2 161% M c h 14
3 Jan 4
7% A p r 11
3% F e b 28
7 A p r 15
27io F e b 8
35% A p r O
100 M c h 12 103 F e b 21
$16 J a n 29 520*4 A p r 2
1534 F e b 26
27 J a n 2
64% F e b 27
85*s J a n 3
140 J a n 15 165 M c h 16
39% J a n 30
50 M c h 15
$34% F e b 1 $42% A p r 8
81 J a n 16
99% F e b 8
98% A p r 3 106*8 F e b 23
111 F e b 26 112*4 F e b 13
4% J a n 2»
1078 A p r 19
493.1 F e b 21
60 A p r 9
97 F e b 10 101% A p r 10
1033S F e b 24 106 J a n 4
18% A p r 9
13 F e b 16
67 A p r 17
60 J a n 4
84 J a n 31 §100% A p r 10
35 M chB 3
26 J a n 8
95 J a n 5 104 A p r 4
793.1 A p r 9
67 J a n 31
57% A p r 11
45% F e b 1
109 J a n 30 115% A p r 1!
80% A p e 11
75 J a n 23
731s A p r . 8
58% F e b 13
1073S F e b 13 11334 A p r 8
$53% J a n 29 $05% A p r
67% J a n 20
.49 J a n 17
118% A p r 13 122 M c h 27
§ 142 F e b 7 151 J a n 3
86% J a n 18
79 J a n 2
817j M c h 27
66% J a n 3
11478 J a n 5 122 M c h 23
5 J’ne
3% S e p
18 S e p
lt'% A u g
8 A ug
26% O c t
32% O c t
102 O c t
3 Sep
31% M c h
82 S e p
66% S e p
98*4 S e p
225 S e p
96
A ug
2638 J ’n e
25*4 J ’ly
12% F e b
341* D e c
43% M a y
HO** M c h
6% J a n
4353 J ’ly
89% J ’ly
83% J no
108U J ’UO
325 M a y
105 D e o
25
112%
111
131%
Sep
Sep
Jan
A ug
62% Fe1>
>22% F e b
119% F e b
153% J ’n a
87 A u g
92% S e p
105% D e c
105 D e o
25% D e c
85% O c t
24% S e p
$29 S e p
106% D e c
103% D e c
26 S e p
54 S e p
*129 S e p
28 F e b
183., S e p
91% D eo
510 % S e p
25 S e p
1283, S e p
9% O o t
73 S e p
29 S e p
13 D e c
37 D e c
142 S e p
35 N o v
74% D e c
$3% O c t
99% S e p
115 S e p
3% S e p
14 A u g
9 Sep
445« M a y
23 O c t
80 O c t
101% S e p
M ch
J ’n e
Feb
J ’n e
D eo
D eo
A ug
66*4 J ’ly
148% N o v
31 M c h
33*8 F e b
105 F e b
$27% D e c
303g F e b
148% J n e
15*4 M a v
$5 M a y
38% M ch
36 F e b
60% M a y
108*8 M a y
6134 A u g
80% A u g
$773 J a n
129*8 M a y
128% M a y
6% J a n
22% D e c
13*8 J a n
563s J a n
44 F e b
90% J ’no
114% J a n
74% D e o
08 D e c
70 A p r
10734 S e p
SI6.% S e p
117% J a n
124 J a n
12% D e c
85 J a n
42% S e p
101 S e p
$15% S e p
46 O c t
64 J a n
23% A p r
35 S e p
4 0 1% A u g
99 S e p
17 D e c
6/3.1 .J a n
95 F e b
77 M ch
8 / J ’n e
113% J ’n e
524% D e c
143*1 N o v
130 F e b
22 J ’ly
10034 J ’ly
59 F e b
1(>934 A u g
$21% J ’fle
70 F e b
7634 M a y
3338 N o v
64% J a n
109 J a n
118% J ’n e
23% J ’no
9Q78 J ’ly
36%
96%
34%
$41%
108
107
38%
25 S ep
37®8 J ’no
10234 J ’n e
91 S e p
103 O c t
120 F e b
163 J a n
154 S e p
4% N o v
•2 A p r
2% J 'n b
5% N o v
39 J ’n e
26 O c t
02 J a n
103 J ’no
$ l’2 S e p
$19 D e c
35(4 F e b
IS O c t
74% O c t
99*3 F e b
192 F e b
125% S e p
56% F e b
34 S e p
$44 J ’n e
$30% S e p
74% N o v 13G% F e b
63 M ch 111 J ’lVe
103 M ch 1137s J ’ly
43* D e c
0 Feb
59% J a n
50% N o v
97% S e p
108 J ’n e
10034 S o p
10,7% J ' l y
11 S e p
19- F e b
40% S o p
*01 F e b
81 D e c §105 J a n
24 A u g
30 M a y
90 S e p
§993.1 J ’ly
65% J a n
70*4 M a y
30% S e p
48% D e c
104 S e p
115% J ’ly
06 S e p
79 M ch
50 O c t
82% F e b
103 O c t
12073 F e b
$38 S e p
$5773 D e c
43% S e p
703g F e b
1 14 S e p
128% M ch
139 S e p
177 M a y
84% M a y
71% A p r
68% S o p
79 M a y
110% A u g 123 J a n
B A N K S A N D T R U S T C O M P A N IE S — B A N K E R S ' Q U O T A T IO N S .
B anks *
Bid
'Ask
B ro o klyn
410
B r o a d w a y 1 >390
155
C b n e y I s l ’d f
F i r s t _______ 280*' 295
175
G r e e n o o in t.'. 165
H llls id e H ...
125
100
H o n r o a te a d t
M a m i f a a ’r s
4*10* 425
M e c h a n ic s 'T 235
245
M o n ta u k tfj.
150
N a s s a u ------- 212 * 225
280
295
N a t G lty —
B anks
Bid
B ro o klyn
N o r t h S id e T
P e o p l e ’s ___
P r o s p ’c t P k ?
150
150
140
T r u s t.C o ’ s
H YCf t y
A s t o r ______ 365
B a n k e r s ’ T r 6505U ’w a y T r * . 170
T r u s t Co’i
B id
A sk
T r u s t Co’s
N Y cuy
H u d s o n ___
C e n t r a l T r . . 1040
K n l c k e r b ’k r
C o lu m b ia . . 365
370" L aw T I& T r
C o m m e r c ia l
93
L in c o ln T r
100
E m p ir e
300
M e tr o p o l’t ’u
310
E q u l t b le T r 547
552
M u tu a l A lli
F a r m L o A T 1400 1425
a n c e _____
F ld d llty . . . 220
M u t . ( W e s t225
F u l to n ____ 315
325
o h e s te r)..
5*75* * U u a r ’t y T r . lbOO 1010
G u a r d ia n T r . . . . 105
A sk
Bid
A sk
170
160
155
290
140
150
293
242
150
238
140
420
125
130
140
150
Bid
T ru s t Co ’ 3
N Y L ife & T r 1030
N y T r u s t. 635
S t a n d a r d T r 375
T l tle U u & T r 580
(J n lo n T r
1300
UB M t g * f r 470
U n i t S t a t e s . 1120
W a s h in g to n 390
W e s to h e s te r 150
W in d s o r . . 192
A sk
1045
T r u s t Co’s
B ro o klyn
B ro o k ly n T r
3*85" C i ti z e n s ’ ___
____ F r a n k l i n —
H a m il t o n - 4*8*0** H o m e ___ _
K in g s C o .—
1130
L Isl L & T r
410
N a s s a u ,-----160
P e o p le s ’ —
196
Q ueens C o.
Bid
A sk
465
140
260
270
105
520
295
150
295
100
____
.i .
275
286
115
3*10*'
160
305
no
•l?(d and askodprlcee; no sales on this day. §Less than 1 0 0 shares. tEx-riglits. f> New stock, a Bx-dlv. and rights, d Quoted dollars per share,
t Sale at Stock Exchange or at auction this weok. s Ex Stock dividend, tBanks marked with a paragraph'(ID arc State bank*, x Ex-dlvldend. .
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
Jan.
1 1933 the E xch a n ge m ethod o f q u o tin g bonds was changed , a n d p rice s are now a ll— “ a m i interest" — except fo r in co m e and defau lted bonds.
BONDS
N.
Y. STOCK EXCHANGE
W eek E n d in g A p ril ly .
Hi
|'S
“ a.
TT _
U S
U S
U S
U S
U S
U S
U S
U S
„ U. S. G o v e rn m e n t.
2s consol r e g i s t e r e d ..<11930
2s consol c o u p o n ____<1193C
3s r e g i s t e r e d .................. *19111
3s c o u p o n ........ ..............fc io u
4s r e g i s t e r e d ..................... 19 2 ;"
4s c o u p o n
192J
P a n C anal 10-30*-y’r*2*fffcl93C
P a n a m a C anal 3s g ____ 1901
Q -J
(J-J
Cj-F
y -F
Q -F
y -F
U -N
y -s
F o re ig n G o v e rn m e n t
A rg e n tin e — In te rn a l f.s o t 1909C tilnese (llu k u a n g ) I iy 5s £ ____
Im p e ria l J a p a n e s e G o v e rn m e n t
S te rlin g loan 4 A s ............... 192T
2d S cries 4 A s ................. 1021
T o k y o C ity lo a n ot 1012, 5 s.
Bid
F -A
J-J
J J
M-S
F -A
J-J
M -S
Q -J
J-D
t
R e g is te re d _____________ I lo o r
3 1013g 102%
Q -J
A-O
A-O
N ov
N ov
M-N
J-D
1 - 1)
J-D
J-D
F-A
M -S
J-J
M-S
M -S
M -S
M -S
M-N
J-J
J-J
i\f-N
A-O
A-O
J-J
J-J
Q -J
A-O
Q -J
J-J
M.N
M-N
J-J
NFS
A-O
F -A
J-D
A-O
A-O
j -j
J-D
M-S
M-N
A-O
J-J
F -A
J -l)
,l-.l
J-J
M -S
M -S
F -A
M-N
M-N
O ct
6
22
925a
915S
80
These are p
1)7%____
48% 50
80
81
99% S ale
98% 99%
90% 91%
89
91
91
91*4
107% 108%
79 101% 103
39 997g 100%
54 997g 100%
14 9934 100%
45 107 1077g
102 1023.1
’ "’ 8 .107 1077g
1 102 10278
1 87
87%
88
1023
48 1013.1 1027s
64 101% 10273
102
84 10134 103
102
6 102 102
102
___
86% D ec ’l l
49
49
81%
99%
99%
90%
91 )
91
07
90
03% 95%
15 92% 94
20 91% 93
2 86
88tg
5 102% 103%
99
99
971s 98
*54 94*g 95
12 95% 971,
903.!
19 88
sis 0 / S5 to £ .
94%
95%
90
101% Sale 10112
100 S ale 99%
100 Sale 99%
997s 100 100
107 Sale 107
101 % 102% 102 1
107 S ale 107
101 % 102% 102%
...
88
87%
102 Sale 102
102 S ale 102
102 102% 102
101 % . . . 102
High
1007g 101%
102 1023)
101% 1031,|
4 113% 114%
113% 1143.,
102% 103
____ 102%
111 llltg 11412
114% 115
100% ____
____10134 10 By
{ 923s S ale
t 91% 92
t 85-3g 87%
jl03% Sale
t 99% ____
t 97
97%
943S Sale
t 96 S ale
88 ____
Range
Since
Jan. 1.
is
N o . Low
Ask
100% 101
100^4 1» 134
M -S { 08% 0834 98%
J - D j 95% Sale 05%
S ta tc a n d C ity S ecu ritie s
M -S
N Y C ity — 4 U s ..................... 19i
4 % C o rp o ra te S to c k ____1050 M-N
M-N
M-N
Nov
M N
Nev
M-N
M-N
4A
.
4 )1 % asse ssm e n t b o n d s .1917 M-N
3 A % C o rp o ra te S t o c k ..1 9 5 4 M-N
N Y S ta t e — 4 s........................1901 M-S
C anal Im p ro v e m e n t 4 s . . 1061 J - J
C an a l I m p ’m e n t (new) 4s 1901 J - J
C an al Im p ro v e m e n t 4 s . .1 9 0 0 J - J
So C aro lin a 4 A s 2 0 -40____ 1933 J - J
T c n n new s e ttle m e n t 3 s ____ 1913 J - J
V irginia fu n d d e b t 2 -3 s____ 1091 J - J
0s d e te rre d B ro w n B ros e tts
R ailro ad
Weckfs
Range or
Las ; Sale
P rice
Frida y
A p r il 19.
15
4
86
1
21
*30
40
52%
79% 81%
99 100
98
99%
00% 923g
90% 91
91
925g
106%100%
1053.t 109%
100% 10134
105 n o
C ohv gold 4 s ______
107%
108% " 8 0
103% S ale 103%
C onv 4s (Issue of l b l b ) " 'l 9 0 6
377
108% 109% 10S3a
1 0 -y ear co n v gold 5 s . . *1917
1093s 40
____
D e b e n tu re s 4s S eries K
1913
99% J ’ly '11
9G3g____ 90 M cJl’12
96
9G34
E a s t O k la D lv 1st g 4s
192-6
9334 05
93%
933.1 *’ *4 023.1 94
S h o rt L ine 1st 4s gold
1958
109% . . .
110 M ch'12
S F e P re s & P h 1st g 5s 1942
n o 110 %
*108%____ 100% J ’ly \11
C hic & S t L 1st 6 s . .
1915
95% Sain 951.1
95% 84 95
A tl C oast L 1st gold' 4 s ._ _ / i l 952
9678
94
98 O c t '06
R e g is te re d ......................./jl952
10734109% 108-% A u g '11
A la M id 1st gu g o ld .5 s ...1 9 2 8
95% ____ 9534 J a n '12
*95*34 *90*34
B ru n s & W 1st gu gold 4s 1938
128
'
C harles & S a v 1st gold 7s 1930
94% 102 94
0534
L & N coll gold 4 s ______ ol952
94% Sale 94
124 12584
S a v F & VV 1st gold Cs . 1934
1st gold 5 s.......................1 9 3 4
1093j 112 110% M a y ’l l
97% 100
SU S p O ca & G gu g 4 s ___1018
97 J a n '12
97
07
92% 0234 923s
93 " 1 6 913.t 93
a lt & O hio P rio r 3 A 3 . 1925
91 . . .
91 A p r ’12
R e g i s t e r e d __________ ftl925
907s 91%
03% S ale 981.1
983.J "'5 5 973.4 99%
G old 4 s ................................)jl948
R e g iste re d .......................h l9 4 8
97
98% 98 A p r '12
98
98%
112% ___ 112 J a n '12
112 112
P itt s J u n e 1st gold 0 s ._ .1 9 2 2
88
887g
P Jflp c & M D lv 1st g 3 Us.1925
83
89 ’S8 Meh'111
9034 91% 91%
91%
6 91
92
P L E & W V a S ys ref 4 s . 1941
22 91
S o u th w D lv 1st gold 3 A s 1925
91 S ale Q1
91%
91%
100% 103 103 M ch'10
C en O hio R 1st c g 4 H s .,1 9 3 0
109 1 10% H 0 % M e h ’12
110 % 110 %
Cl L o r d: W con 1st g 5 s . . 1933
1037s
M
eh
’12
1037g 101
102% 10F ,
M o n o n .R lv 1st gu g 5 s___1919
10934 . .
109-% M oll’12 - - - - 1091S 1093g
O hio R iv e r R R 1st g 5 s . .1 9 3 0
G eneral gold 5 s_____ 1937
104 107 ,Q6 J ’.ly ’l l
113%'113%
.13% F eb '12 —
P itt s C lev & Tol 1st g 0 s . 1922
97% 97%
0 7 % . . . . 97% M c h ’12
P itt s & W e st 1st g 4 s . .
1917
S ta t Isl l t y 1st gu g 4 H s.1 9 4 3
87
06
95 N o V 'll
112%
B u llalo R & P gen g 5 s . .
1937
112%____ .12%
1 11*1% 112%
1957
Consol 4 ) ( s _____
107% 107%
105% 10834 1071.1 M ch ’12
96% ____ 97 F e b ’l l
A ll & W est 1st g 4s gu_-__1998
Cl & M ah 1st gu g 5 s . . 1943
103 ____ 103 J ’ly '08
R o ch & P itts 1st gold 0 s . 1921
113 ____ . 133.1 N o v ’l l
C onsol 1st g O st_____ 1922
11533 ____ U67s M c h ’n
B u ll & S u s q 'ls t re t g 4 s . . . d l 0 5 1
____ 60
72 M e h ’10
a n So 1st e x t 0s_________ 1913
101. 101% 101
101%
4 100% 102
2d 5 s...................................1913
100% 100% 100% A p r '12
100% 101
R e g i s t e r e d . . . ___________ 1913
10034 J a n ’l l
1127s S ale 112%
112%
1 112% H33.,
C en tral of Ga 1st gold 5s__ p l9 4 5
iou% n o '
2 109 110%
i
10934
Consol gold 5 s___________ 1945
>N o v ’l l
R e g iste re d ____________ 1945
*____ 110
D eo ’l l
lst-pr.cC Incom e g 5 s____p l9 4 5
>M a y ’l l
S ta m p e d . . . _______________
D ec ’l l
2d p re t incom e g 5 s____p l9 4 5
96 N o v 'l l *
2 d p re t Incom e g 5s s ta m p e d - 3d prof Incom e g 53____plS145
0 / D e c ’l l
3d p re t Incom e g 5s s t a m p e d .85.% O ct ’ll)
C h a tt Dlv p u r m on g 4 s . .1951 J - D
91
91% 91% A p r ’12
8958 91%
M ac & N or D lv 1st g 53 . . 1940 J - .l 107 n o
07% J a n '12 —
107% 107%
105%____ 15 N o v '05
M id G a & A tl D lv 5 s . .
1947 J - J
M obile D lv 1st g 5s
1910 J - .l 107% . .
0934 M ay 1)
C en R R & B ot G a col g 5s 1937 M.-N 103
1027a 103
03 M c h ’12
C e n t o t N J gcn’ l gold 5 s . ..1 9 8 7 J - J 121% 122
121% 12234
22 A p r '12
RCgSitiered...................... /»1987 Q -J 120% 121% 22% F e b '12
‘121% 122%
A m D ock & Im p gu 5s
1921 J - J 106%107
00%
100% ■***i 106% 107
Lo & H u d I t gen gu g 5 s . 1920 J - J 102 ____
L eh & W llkes-B Coal 5 s . 1912 M-N 100 ____ 1 Q0 Fob '12 . . . . 100 100
N Y & L o n g B r gen g 4 s . 1941 M -S 100 ____ 100 D ec '11
C en t V erm o n t l,st g u g 4 s . . e l 9 2 o Q -F
9134 '2 4 9*0 92%
913.4 Sale 91%
B
C
B O ND S
Y . STOCK EX CH A N G E
W e ek E n d in g A p ril 19.
N.
Price
Frida y
A p r il 19.
C h esap e ak e & Ohio—
G en fu n d in g & Im p t 5s__1929
1 st consol go ld 5 s . .
.
1939
R e g is te r e d .......... ..
1939
G en eral g o ld 4 A s ___
199:
R e g is te r e d _______
1992
C o n v ertib le 4 A s
1930
Big S a n d y 1 st 4 s .............” 1944
Coal Rlv- R y 1st g u 4s
1945
C raig V alley 1st g 5 s .
1940
P o tts C reek B r 1 st 4 s____1940
R & A D iv 1st co n g 4s *1989
2d consol gold 4 s .
1989
W a rm S p r V al 1st g 5s 1 9 11
G reen b rie r R y 1st gu g 4s 1940
Chic <Ss A lt R I t ref g 3 s _____ 1949
H a llw a y 1st lien 3 A s ____1950
Chic B A Q D en v er D lv 4s 1922
Illin o is D lv 3 M s ............... 1949
R e g is te re d ____________ 1949
Illin o is D lv 4 s ___________ 1949
R e g is te re d ____________ 1949
Io w a D lv sin k fu n d 5 s __ 1919
S in k in g fu n d 4 s ________1919
N e b ra s k a E x te n s io n 4 s . .1 9 2 7
R e g iste re d ____________ 1927
S o u th w e s te rn D lv 4 s ____1921
J o in t b o n d s See G re a t N o rth .
D e b e n tu re 5 s_____ ______ 1913
G en eral 4 s_______________ 1958
Ghlc & E 111 ref & Im p 4 g s.1 9 5 5
1 st consol g o ld 0 s ________1934
G en eral consol 1st 5 s____1937
R e g is te re d ____________ 1937
C hic & I n d C R y 1 st 5 s . .1 9 3 0
C hic G t W e stern 1st 4 s ____1959
C h ic I n d & L o u lsv — R ef 6 s . 1947
R e fu n d in g gold 5 s ______ 1947
R e fu n d in g 4s S eries C __ 1917
I n d & L o u lsv 1 st g u 4 S ..1 9 5 0
C hic I n d & S o u 5 0 - y r 4 s ____ 1950
C hic L S & E a s t 1 st 4 A s ___1909
Chic MU & S t P tc rm l g 5 s . .1 9 1 4
G en ’l gold 4s S eries A __el989
R e g iste re d __________e l 989
G eu’l gold 3 A s S eries B _el089
R e g is te re d ___________ eI989
2 5 -y ear d eb e n 4 s _________ 1934
C onv 4 A s (w hen Is su e d )_____
C hic & L S u p D lv g 5s _ 1921
C hic & Mo R lv D lv 5s
1920
C hic & P W 1st g 5 s . . .
1921
C M & P u g e t S d 1st gu 4s 1949
D a k & G t So gold 53
1910
D u b u q u e D iv 1st s f 0 s . .1 9 2 0
F a r <Se Sou a ssu m g Cs____1924
L aC ro sse & D 1st 5 s..........1919
W ls & M ian D lv g 5 s____1921
W ls V ail D lv 1st 0 s______ 1020
M il & No 1st cons Cs____1913
E x te n d e d 4 A s ................1913
C hicago & N W e st co n s 7s 1915
E x te n s io n 4 s ______ 1880-1926
R e g is te r e d ..............1880-1920
G en eral,g o ld 3 A s ................1987
R e g i s t e r e d ....................p l0 8 7
G eneral 4 s_______________1987
S in k in g f u n d Cs____1879-1929
R e g is te r e d _______1879-1929
S in k in g fu n d 5 s____1879-1929
R e g is te r e d ..............1870-1920
D e b e n tu re 5 s___________ 1921
R e g iste re d .......... .............. 1921
S in k in g fu n d d eb 5 s_____ 1933
R e g iste re d ____________ 1933
F re m E lk & Mo V 1st 6 s . 1933
M an l G B & N W 1st 3 A s 1941
M ilw 4 S I , 1st g u 3 H s .,1 9 4 1
M il L S 4 W e st 1st g 63__1921
E x t & Im p s f g eld 5 s. . 1929
A sh la n d D lv 1st g 6s 1925
M ich D lv 1st gold 6s 1924
N o rth w U nion 1st 7s g 1917
W in o n a & S t P 1st e x t 7s 1016
h lcag o R o ck Is & P a O s .. 1 9 17
R e g is te re d ____________ 1917
G en eral gold 4 s .......... . '. . . 1 9 8 8
R e g is te re d ____________ 1988
R e fu n d in g gold 4 s ______ 1934
Coll t r u s t S eries L 4 s ____1014
M 4 s .......................
1915
N 4 s.....................................1910
O 4 s .....................................1917
P 4 s .....................................1918
Chic R I & P a c R R 4s_*..2002
R e g is te r e d , j __________ 2002
R I A r|c & L o u is 1st 4 J$s 1934
B ui’ C R & N — list g 5 S .. 1934
.V flg lste rcd ,.................. 1934
G I t x ? & N W 1st gu 5s ’21
M & S t L 1st g u g 7 s __ 1927
C hoc Ole & G gen g 5 s . .01919
C onsol gold 5s_________ 1952
Kcolc & D cs M 1st 5 s____1923
Chic S t P M & O con 6 s ____1930 J
C ons Cs rfd u c e ’d to 3 J ^s._ 1 9 3 b J Ch S t P & M inn 1st g 6 s . . 1918 <MN o r W isco n sin 1st Gs____1930 J
S t P & S C Ity « lst g G s ____1919 A S u p e rio r S h o rt L 1st 5s g . 1930 M
C hic & W e st I n d g en g 6 s . .81932 Q C onsol 5 0 -y ear 4S_______ 1952 J
Cln H A D 2d go ld 4 A s ____1937 J
1 st & refu n d in g 4 s ______ 1959 J
1 st g u a ra n te e d 4 s_____ 1959 J
Bid
Wcekfs
Range or
Las'. Sale
Ask I jOw
High
____103111D34 II H 4
109 . . .
100% 101
103% M e h ’12
111
111
1103g A p r ’12
100%
101
9933 N o v 'l l
93%
93% Safe 03%
88
89
89 A p r '1
87% 89% 88% J ’n c ’l
10134 . . . 1023.1 J ’ly ’ll
83 87
8G34 J a n ’12
____95
93% A p r ’ll
88 % ------ 92% J ’n e 'l l
113% I’cb ’0
95 O c t ’!(
91%
70% 73% 71 A p r 'l l
621;
62
____62
100 . . . 100 M e h 'll
87
87 871jJ 87
85% . . . .
S ep ’io
99% Sale 90%
99%
98% 99% 99% M ch'12
1047s .
105 A p r '12
99% S ale 99%
99%
9834 100
9834 A p r '12
97% ___
98% M c h ’i :
99 % ____ 99% D ec '11
100% S ale 100%
100%
90 S ale 96
96%
79% 79% 79%
79%
12334 124 124 A p r '12
108% 1093s 109 A p r '12
108 ____ 109% F e b ’12
108% ____ 109% A p r '12
7!)7g Sale 797S
80%
127% 128% 127%
128%
110%____ 109 N o v 'l l
____ 933S 05% A p r '11
90% M c h ’12
9034 913j 90% J a n '12
____103
101 D ec 'l l
101% 1023s 1013s A p r '12
98%
98% Sale 98%
97% 9834 97% A p r ’12
____87
86 A pr 'U
81%____ 86 J ’n c ’l l
90% Sale 00%
91
1035g S ale 103%
1033.t
10534 ____ 106% A p r '12
10834 F e b ’12
106 100% 106 A p r '12
9334 S ale 9334
9334
10234 103 103 M c h ’12
113 113% 113%
113%
115 ____ 117% A u g ’l l 1
10434 ____ 10184 A p r '12
100 ____ 106 A p r '12
11234 113 U234 M ch'12
101%____ U)134 D ec ’l l
100%____ 100% N o v ’l l
107% 10S3S 107% A*pr '12
90% ____ 98 M ch'12
96 ____ 9734 N o v 'l l
85% 863g 86
SS%
8634 F e b T2n
9734 Sale 97%
97%
111%------ 1U34 N o v ’l l
110% ____ 1 1 1 % N o v '09
105% 107 107% O o t ’l l
104%____ 1037g D ec '11'
105 ____ 104% A p r '12
103 ____ 106% F e b TO
108 ____ 108% M c h ’12
lb 5 % ____ 1073.4 A u g '11
126%____ 127% M c h ’12
90% S ep '09
____ 873j
113 ____' 115% M c h ’12;
109%____ 110 F e b '12
116%___ 142io F e b ’02
116%____ 116% O c t '11
112 ____ 115 J ’l y ’l l
111% U47g 1133.4 A u g ’l l
io s % ____: 108% A p r T2108%____ 109 A ug TO
95% 96% 96%
96%
9434 96
95% M ch'12
89%
89% Sale 891.4
9734 S ep 'l l
96% N o v 'l l
94 D ec ’09
94% M ay'10
94% J 'n e ’l l
725g Sale 72%
72%
7 134 M c h ’12
9134 S ale 91%
913,
110% ____ 1113g F eb ’ll
120% M e h '4)3
104 ____ 105% S ep 'l l
1023j____
107% ____
10034 Saio
12234 123
91 . . . »
10234 A u g ’l l
108% M c h 'l
10034
100-%
1227g A p r T2
9*3 D ec '03
123% M ch ’12
129% M a y ’09
1'1034 U1% 111 A p r '12
108
108% 109 108% F e b T2
9184 S ale 9134
913.'
____101% 101 M ch'12
____91
907s1 89 MayTV*.
92% 94
87% 88
8634 8684
93% 96
7034 72
02
65%
0934 100
87
88
09% 100%
99% 99%
1047s 105
99% 09%
98% 09
100% 101%
9584 97%
79% 81U
124 125
109 1 1 1 %
109% 102%
109 lOGl797g 83
1271* 129%
88% 90%
90% 90%
1013g 10134
98% 99%
97% 98
85% S67g
*90% *92%
103% 1033d
10G% 108
108 10834
106 106%
9384 95%
103 103
113 113%
104% 104%
106 10(>3g
11234 11234
107% 108
97% 98
85% 87
8634 8684
97% U834
104% 105%
108% 108%
127%'127%
114
110
115%
110
10814 103%
95% 96%
95
9 GI4
89
903.4
71% 73%
71% 72%
91% 93
1107g 11 l!o
IO8I.4 108%
ICO 101
1227g 124
123% 423%
ill "iil%
10S- IO8I0
9U.1 92%
101 101
M IS C E L L A N E O U S B O N D S —C o n tin u e d o n N e x t P a g e .
S tree t R ailw ay
B ro o k ly n R a p T ra n g 5 s . ..1 0 4 5
104 Sale 104
104% 12
1st refu n d c o n v gold 4 s . .2 0 0 2
87% 73
867g S ale 867g
Ilk C ity 1st .con 5s 1910-1941 J J 101% 1(12% 102
102
2
17k Q Co & S con g u g 53-1941 M -N
' 07 N o v T l
B k ly n Q Co & S 1st 5 s . ..1 0 4 1 J - J
B Jdyn U n E l 1st g 4 -0 3 .. 1950 F -A 101% Sale 101% iofi *“*i
IS ta m p c d .g u a r 4 -5 s-------1950 F -A 101% 1023g 102 J a n 'L ___
85
S5% 85 A p r *12 ___
K in g s Co E l 1 s t g 4 s.......... 1949 F -A
84% 86
S ta m p e d g u a r 4 s . . . — 1949 F--A
85
83
2
793g 80
N a s sa u E lcc g u a r g old 4 s .l 9 o l J - J
79%
7934
1
C onn R y ‘& L i s t & ref 5 g 4 J^s..5 1
1013.1 A p r '12
S ta m p e d g u a r 4 t i s ............ 1951
10134 M c h ’12 ___
f c D e t U n ite d 1st cons g 4 ^ 8 . 1 9 3 . j - j
79 Sale' 70
79% 10
F t-S m ith L t <STrac l s t g 53.1936 M -S
93 S ale 03
93 '
1
G ra n d R ap id s R y 1st g 5s . .1910: J - D
9 9 % . . . . 100% M ch'12
H a v a n a E iec consol g 5s — 1952 F -A
99% A p r '12
82% S ale 81%
In te rb o ro -M e tro p coll 4 > is .l9 5 0 A -0
-827. M0
lu t e r b o r o R a p T r S s'S er A . 1952 M-N 104% Sale 101% 10434 33
* N o price Friday; la'test th is week.*
d
D ue April-
e
D ueT Jay.
S tre e t R a ilw a y .
103 105% M a n h a t R y (N Y ) co n s g 43.1990
837s &S38
S ta m p e d ta x - e x e m p t____1990
M et S t l t y g en coll t r g 5 s. .1 9 9 7
101 % 102
G u a r a n ty T r u s t Co c e rtits ____
R e fu n d in g go ld 4 s , _____ 2002
F’a rm e rs ’ L o a n & T r c t f -----161*83 103%
S t a m p e d _______________
101 % 102
B ivay & 7 th A v l s t c g 5 s . 1943
83% 80%
Col & 9 ttt A v 1st g u g 5 sf 1093
84% 86
L e x A v & P F 1 s t g u g 5 s . 1993
78
81
T h ird A v R R co n s g u 4 s . 2000
101 101%
C e n tra l T r u s t Co c e rts -------1013,410.17g
C e n t T rC o c ts s ta m p e d ____
78% 7933
T h ird A v e R y 1st g 5 s . ..1 9 3 7
93
95
100% 100% MCt W S E l (Chic) 1st g 4S.193M
99
9934 Mllw E le c .R y & L't co n s g 5 sl9 2 6
R e fu n d in g & e x te n 4 )^ 3 .1 9 3 1
80% 84%
103% 105
h 'D u c J u ly .
k
Duo A u g .
0D uo
Oct;
A-O
A-O
F -A
A -O
J-D
M -S
M -S
J-J
J-J
F-A
F -A
J-J
06%
96 % ___ 96%
97%'
97
9T% 97%
102 M c h ’12
99 10334 99%
99%
53% M ch'12
62 M ch'12
5934 M c h ’12
10334 Sale 10334 I033j
1023a 103% 103 A p r T
____103% 10234 M ch'12
____ 77% 80 J a n T2
7.6% A p r '12
74% 76
75
75%
____109% 109% A p r ’12
93b> J 'l y '06
104% D ee ' l l
94% . . . . ' 93% D eo 'I I
p D ue N o v
q
Duo Deo.
96% 93
9G34 98%
99% 102
97 10i}%
58% 581 •>
57% 62%
575g 62
103 104%
101% J03%
102 103
80. 80
76% 81%
75
81%
109 110%
i O ption s a le .
N.
[VOL. LXXXXIV.
New York Bond Record— Continued— Page 2
1106
BO N D S
Y . STOCK EX CH AN G E
W e ek E n d in g A pril 10.
P rice
Friday
A p r il 19
C ln H a m Sc D a y to n (C o n tin u e d )
C ln D & I 1st g u g 5 s____1941 M -N
C F in d Sc F t VV 1st g u 4s g 1923 M-N
C ln I & W 1st g u g 4 s ____1953 J - J
D a y Sc &llch 1st cons 4}^s 1931 .1 - J
I n d D ec & W 1st g 5 s____1935 J - J
1st g u a r gold 5 s _______ 1935 J - J
C leve C ln O & S t L g en 4 s . .1 9 9 3 J - D
C airo D iv 1st gold 4 s ___ 1039 J - J
Cln W & M Div 1st g 4 s . -1991 J - J
S t L D iv 1st col t r g 4 s . __ 1090 M-N
R e g i s t e r e d ....................1 9 9 0 M-N
S p r & Col Div 1st g 4 s . . . 1940 M -S
W W Val D iv 1st g 4 s . -.1 9 4 0 J - J
C I S t L Sc C consol Gs__ 1920 M -N
1st gold 4 s ...................... Ic 193G Q -F
R e g is te re d ________ A;193G Q -F
Cln S Sc Cl con 1st g 53___ 1923 J - J
C C C & I consol 7 s ............1914 J - D
Consol s in k in g fu n d 73.1914 J - D
G en eral consol gold Gs.1934 J - J
R e g is te re d __________ 1934 J - J
I n d HI Sc VV 1st pref 4 s . . .1 0 4 0 A-O
O In d Sc VV 1st pref 5 s ._ d l9 3 8 Q - J
P eo Sc E a s t 1st con 4 s __ 1940 A-O
In c o m e 4 s_ ................
1990 A p r
Col M id la n d 1 st g 4 s .
1947 J - J
C o lorado Sc S ou l s t g 4 s ____1920 F -A
R e fu n d & e x t 4 U s ............ 1935 M -N
F t W Sc Den C 1 st g 6 s __ 1921 J - D
Conn Sc P as R lv s l s t g 4s__1913 A-O
C u b a R R 1st 50-yr 5 g _____ 1952 J - J
el L a c k Sc W e ste rn —
M o rris Sc E ssex 1st 7 s . . 1 9 14 M-N
1st consol g u a r 7 s ____ 1915 J - D
R e g iste re d ...........
1915 J - D
1st ref g u g 3 U s ...........2000 J - D
N Y L a c k & VV 1st 0 s ____ 1921 J - J
C o n s tru c tio n 5 s ________1923 F -A
T e rm & Im p ro v e 4 s ___ 1923 M-N
W a rre n 1st ref g u g 3 H s.2 0 0 0 F -A
Del & H u d 1 st P a D iv 7 s __ 19l7j M -S
R e g is te re d ____________ 1917' M-S
10 -y r co u v d e b 4 s _______ 1 9 LG! J -D
1 st lien eq u ip g 4 U s _____ 1922 J - J
1st & ref 4 s ______________1943 M-N
A lb Sc S u s co n v 3 U s ____ 1946 A-O
R e n s Sc S a ra to g a 1st 7s_.1921 M-N
D e n v e r Sc R io G ra n d e —
1 st consol g o ld 4 s ________1936 J - J
C onsol gold 4 U s _________ 1936 J - J
I m p ro v e m e n t g o ld 5 s____ 1928 J - D
1 st Sc re fu n d in g 5 s _______1955 F -A
R io (Jr J u n e 1st g u g 5s__1939 J - D
R Io G r S o 1st g o ld 4 s ____ 1940 J - J
G u a ra n te e d _______;__1 9 4 0 J - J
R Io G r W e st 1 st g 4 s ____ 1939 J - J
M tg e & col t r u s t 4s A . .1 9 4 9 A -O
U ta h C e n t 1 st gu g 4s_a 1917 A-O
Dcs M ol U n R y l s t g 5s____ 1917 M-N
D e t Sc M ack 1st lien g 4 s ___ 1993 J - D
G old 4 s ............................
1995 J - D
D e t R Iv T u n D e t T e r T u n 4 U s '61 M -N
D e t T Sc 1— O S D l v I s t g 4 s l 0 4 l M S
D ul M lssabe Sc N o r g en 5s__194l J - J
D ul Sc Iro n R a n g e 1st 5 s __ 1937 A-O
R e g i s t e r e d ............................1937 A-O
• 2d Gs..............................
1916 J - J
D u l So S h o re Sc A tl g 5 s ____1937 J - J
lgin J o l & E a s t 1st g 5 s . .1 911 M -N
rie 1st co n so l gold 7 s ____1920 M -S
N Y Sc E rie 1st e x t g 4 S ..1 9 4 7 M -N
2 d e x t g o ld 5 s.................. 1910 M -S
3d e x t g o ld 4 U s ______ 1923 M -S
4 th e x t g o ld 5 s ................1920 A-O
5 th e x t g o ld 4 s ________1928 J - D
N Y L E & W 1st g fd 7S .1920 M-S
. E rie 1 st c o n g 4s p rio r ___1996 J - J
R e g is te re d __________ 1996 J - J
1st consol g e n Ucn g 4 3 .1996 J - J
R e g i s t e r e d ............ ..1 9 9 6 J - J
P e n n coll t r g 4 s ______ 1951 F -A
5 0 -y car co n v 4s A ____1953 A -O
do
S eries B ____1953 A-O
B uff N Y Sc E ric 1 st 7 s . .1 9 1 6 J - D
C hic & E rie 1st gold 5 s . .1 9 8 2 M-N,
C lev & M ah o n V al g 5 s . _ 1938 J - J
R e g is te re d .......... ...............1938 Q - J
L o n g D ock consol g Gs___1935 A-O
C oal Sc R R 1st c u r g u Os.1922 M -N
D o c k Sc Im p 1st c u r G S..1913 J - J
N Y Sc G reen L gu g 5 s . .1 9 4 6 M -N
N Y S us Sc W 1st ref 5s__1937 J - J
2 d gold 4 U s .................... 1937 F -A
G en eral g o ld 5 s ________1940 F -A
T e rm in a l 1st g o ld 5 s_ .1943 M-N
M id of N J 1 st e x t 5 s ____1940 A-O
W llk Sc E a 1 st g u g 5 s . ..1 9 4 2 J - D
E v Sc I n d 1 st con g u g Gs__ 1920 J - J
E v a n s & T H 1st cons 6 s __ 1921 J - J
1 st g e n e ra l g o ld 5 s ______ 1942 A-O
M t V ern o n 1 st gold Gs__ 1923 A -O
S u ll Co B ran c h l s t g 5 s . .1 9 3 0 A-O
F lo rid a E C o ast 1st 4 U S ..1 9 5 9 J - D
o r t S t IJ D Co 1 st g 4 U s.1 9 4 1 J - J
F t W Sc RIo G r 1st g 4 s ____1928 J - J
al I I Sc II of 1882 1st 5 s . 1913 A -O
r e a t N o rth e rn —
C B Sc Q coll t r u s t 43____ 1921 J - J
R e g is te re d ./* ________1921
1 st & re fu n d 4 U s s c r A . . 1 9 6 l
R e g is te re d ____________ 1961
S t P a u l M Sc M an 4s_____ 1933 J - J
1 st consol g o ld 6 s_____ 1933 J - J
R e g is te re d .................... 1933 J - J
,*
R e d u c e d to g o ld 4 U s l 933 J - J
R e g is te re d ................1933 J - J
M o n t e x t 1st g o ld 4 s . .1 9 3 7 J - D
R e g is te re d __________ 1937 J - D
D
E
I
G
Bid
Ask IjOW
High
N o . I jOW
10312 M c h ’12
88 M c h 'll
"8712 I I I - 87>2 F eb ‘12
1031* 1U7
Hig',
103*2 104*4
87*o 871;
ld /12 I I I I 104 " F eb " It — | i d i " idf%
10712 D ec '02
92
92 Sale 92
" d i " "93*4
92
94 1- 94 D ec ’ll
"90*4 "93""
£012 04 ‘ 91 M c h ’12
____ 91% 00% A p r ’12
903., 93*2
89 ____ 91 O c t '01
901.i____ 90 D ec '11
90 ____ 91 A p r ’ 12
10o34 ____ 10534 D ec ’ll
97 M ch'12
96
97
95% 06-3j 9 7)« D ec '11
10534 . .
107*s F ^ b '12
107*8 *07%
105i2 M c h ’12
105% - 105% 103*2
123% 124
123*2
94
£0
91
45
45
96
91%
47
49
963..
95I2 90%
11112 111*34
1231;
J ’ly 'OS
OHs A p r ’12
451?
45
475.
47
96
96
96%
9612
1L15;
11153
100
91
92
35
45%
42
58*2
96
07%
97
98*8
111% 112%
M a y ’10
s _.
_
IO8 I4 1083s
105 _.
85
90is
1055s A p r T2
IO8 I4
108*4
lll% D ec ’ll!
DO M c h ’12
1 1 3 5 s IHI4 1135s
113%
106 103 107*2 M c h ’12
98
99
98 D ec ’ll
«5 . . . 102*8 F eb '03
113 117 115% A u g '11
149 A u g ’01
"98 ‘ 98% 98
98*4
101 ion 101*2 A p r T 2
9814 08% 9812
98'V
9 1 1 2 9234 9212
92%
121 . . . 122 Deo ’l l
1053
88
90
98% ____
97 987fi
8G34 83%
95 . . . .
B O ND S
Y. STO CK EX C H A N G E
W eek E n d in g A p ril 19.
Range
Since
Jan. 1.
Week's
Range or
Last Sale
105% 106
108% 109%
"do" "do"
11358 114%
107*2 107%
971i 99
101% 1013.,
98% 99%
91*4 93
88
A p r '12
98 J a il *12
9912 F e b ’12
88I4
88)2
IOI34 M c h 'll
61*2 A p r ’ll
85 M ch '08
. 8512 86
80*2
8534
81 S ale 81
81
97 J a n '02
9 9 ___
S ep ’04
N o v ’l l
9212 95
M ch'12
91
0212
100
09»s 100
F e b '12
i d s " 16 3 '
A p r 'I?
10553 103
M c h ’12
10612 M ch '08
103*8 - - - 104 F e b ’l l
107 108 107 F e b '12
110% 112 11034 F e b '12
] 1753 118 118 A p r T2
‘1003.1 . . . 10112 J ’n e ’l l
10334 ____ 104*4 M c h ’ 12
102% . . . . 1021®M ch ’12
104*2------ 105 F e b ’12
97
99 100 J a n ’12
____116*2 116*2 1 *6*2
89 S ale 89
89*4
85 ___ 86 A p r ’12
79 S ale 79
79*2
77 A p r ’12
89% "81)34 8912
89*2
88
9012 o ils A p r ’ 12
8018 S ale 80*8
8034
1093s 100*2 110 A p r '12
11234 114 113 A p r T2
109 ____ 111 A p r ’l l
108 ____
12334 124Io 124 M ch'12
104% ------ 107 M ch'12
101 ____ 1013i M ch'12
10212 ____ 102% S ep ' l l
104*2 . . . . 10412 A p r '12
8012 ____ LOOI4 D ec '06
88 91*2 88I0 F e b M2
110*2____ 108% D ec Ml
11112 112 110*2 O c t Ml
10012 102 100 A p r M2
106 ____ 110 A u g ’l l
l l 2 t g ------ I I 2I3 A p r M2
10178 1025s 102 A p r M2
10758 . . . 108 N o v ’l l
95 ____ 95 J ’n e ’OS
973|
____ 0734 9734
90 ____ 92 A ug M0
81t2 J a n M2
____80
09*2 S ale 99*2
09*2
88
98
96
86
9034
08
99%
90
88%
81
90
90
75
106
106
75
10P
107
9934100%
107 107
11034 1103.1
117 118%
104% 104*2
1021® 10234
105 105%
100 100
116*2 116*2
88% 90
88
88
77% 7934
77
77
88*8 80*2
85% 91%
75% 80%
10834 1103.1
112% 113%
124
107
124
107
103
105
88% 89
100% 102*2
112% 112%
10178 102%
97
99%
811® 81%
99% 99%
96%
97
97 A p r M2
90% 97
101*8
101 S ale 100%
90
98%
96*2 98%
100% 101 %
9934
993,.
125% A p r M2
132 A p r ’09
1043,
____ 10434 10134
103 ____ 108% J ’no ’09
9712 ------ 98 A p r M2
98 J ’n e ’l l
98*2 9034
125% 1255g
0334 S ale
99l2 . .
125*2--
1043.J 105%
"97% "98%
P rice
Frida y
A p r il 19
S t P M Sc M {C on tin u ed ) —
P ac llie E x t g u a r 4s £ ____ 1940
E M inn N o r D iv 1st g 4 s l9 4 “
M inn U nion i s t g G s __ 1922
M o n t C 1st g u g 6 s ____193
R e g is te r e d ___________1937
1st g u a r g o ld u s ____1937
R e g i s t e r e d __________1937
W ill S: S F 1st go ld 5 s . 1938
G ulf Sc S l 1 st ref & t g 5 s . .61952
R e g is te r e d _____________ 0195"
oc.c V al 1 st co n s g 4 U 3 .1 9 9 9
R eg istered .......................1990
Col .-c II V 1st e x t g 4 s __ 1948
Col Sc To) 1 st cx 4 s ______ 1955
Hows B elt Sc T e rm 1 st 5 s . ..1 9 3 7
r illn o ls C e n tra l—
1 st go ld 4 s _____ ________ 1951
R e g is te r e d ____________ 1951
1 st g o Id 3 U 3 .....
1951
R e g is te r e d ____________ 1951
E x te n d e d l s t g 3 U s ____1951
R e g is te r e d .................
1051
1 st gold 3s s te r lin g _____ 1951
R e g is te r e d ______ ______ 1951
Coll tr u s t go ld 4 s ________1952
R e g is te re d ______ .
1952
1 st ref 4 s . _______ I _ I " 11)55
P u rc h a s e d lines 3 U s . _’ l9 5 2
L N O Sc T e x g o ld 4 s ____ 1953
R e g is te r e d .......... .............. 1953
C airo B rid g e gold 4 s _____ 1950
L itch field D iv 1st g 3s .1951
L o u lsv D iv Sc T e rm g 3 U s l0 5 3
R e g is te r e d ________ . 1953
M id d le D iv reg 5 s ................ 1921
O m a h a D iv 1 st g 3 s _____ 1951
S t L ouis D iv & te rm g 3 s ll9 5 1
R e g is te r e d ............ ............ 1951
Gold 3 U s ..... ................... .1 9 5 1
R e g is te r e d ____
1951
S p rin g D iv 1st g 3 U s . ‘ 1951
R e g is te r e d ____
1951
W e ste rn lines 1st g 4s
1951
R e g is te r e d ............
1951
B elicv & C a r 1st 6s
1923
C arb & S h aw 1st g 4 s . .
1932
C hic S t L Sc N O gr 5 s . . . 1951
R e g is te r e d ................. " 1951
Gold 3 U s ............................1951
R e g is te r e d __________ 1951
M em p h D iv 1 st g 4 s __ 1951
R e g is te r e d __________ 1951
S t L S ou 1 st g u g 4 s _____ 1931
In d III & l a 1 st g 4 s .
1950
I n t Sc G re a t N o r 1st g 6s
1919
Io w a C e n tra l 1st g o ld 5s
1938
R efunding gold 4s .
1951
J a m e s to w n F ra n k lin
O
C learfield 1 st 4 s . _
1959
a n C ity S ou 1 st gold’ 3 s _ Il0 5 0
R e g iste re d
1950
R e f Sc Im p t 5 s___
A p r 1050
K a n s a s C ity T e rm I 1st 4 s . . I960
a k e E rie Sc W 1 st g 5 s . __ 1037
2d go ld 5 s ____________ 1941
N o rth O hio 1 st g u g 5 s ___ 1945
L ch V ail N Y 1 st g u g 4 U s . 1940
R e g is te r e d ______________ 1940
L e h ig h V ail (P a) co n s g 4 8 .2 0 0 3
L eh V T e r R y 1 st g u g 5s__1941
R e g is te r e d __________
1941
L eh V C oal Co 1 st g u g S a il 1033
R e g is te r e d _______
1933
1 st ln t re d u c e d to 4 s _ I I I l0 3 3
L eh Sc N Y 1st g u a r g 4s__ 1945
R e g is te r e d ___________ _ 1945
E l C Sc N 1 st p ref 6 s _ I I " " l9 1 4
G old g u a r 5 s ____
1914
L o n g I s la n d —
1 st consol go ld 5 s____ 7*1931
1 st consol g o ld 4 s .
/*1931
G eneral go ld 4s
.1 9 3 8
F e r r y gold 4 U s .............1 .1 9 2 2
G obi 4 s __________________ 1932
U nified g o ld 4 s ___I I I I I I 1 0 4 9
D e b e n tu re g o id 5 s______ 1934
G u a r ref go ld 4 s . . . ........... 1049
R e g is te re d ____________ 1949
N Y B & M B 1 st con g 5s 1935
N Y & R 13 1st g us_____ 1927
N o r S h B 1 st co n g g u 5s.o l0 3 2
L o u isia n a Sc A rk 1 st g 5 s__ 1927
L o u isv ille & N ash v ille—
G en eral go ld 6 s.....................1030
G old 5 s ___________
1937
U nified go ld 4 s_ .................. 1940
R e g is te re d .......................1 9 4 0
C o llate ral tr u s t go ld 5s__1031
E II Sc N a sh 1 st g 6 s ____1919
L Cln & L ex go ld 4 U s . ..1 9 3 1
N O Sc M 1 st go ld 0 s ____1930
N O Sc M 2 d gold Gs____1930
P a d u c a h & M em d iv 4.s_ 1946
P e n s a c o la D iv gold 6 s_ ._ 1 9 2 0
S t L o u is D iv 1 st go ld Os.1921
2 d go ld 3 s ................
1980
A tl K n o x Sc Cln D iv 4 s . . 1958
A tl K n o x Sc N o r 1 st g 5 s . 1946
H c n d e r E d g e 1 st s f g 0 s . 1931
K e n tu c k y C en t gold 4 s . .1 9 8 7
L Sc N Sc M Sc M 1st g 4 U s 1945
L & N -S o u th M jo i n t 4 s . .19 5 2
R e g is te re d ___________ 7*1952
N F la Sc S 1 st g u g 5 s ------193
N & C B d g c g en g u g 4 U s 1945
P e n s Sc A tl 1 st gu g 6 s __ 1921
S Sc N A la co n gu g 5 s ___1936
L Sc Jeff B d g e Co gu g 4 s __ 1945
Bid
Week’s
Range or
Last Sale
Ask IjGW
92*4____
97% 98%
114 116
127% ____
111%114
Range
Since
Jan. 1.
High
92%M c h ’l l
98% J a n M2
1147s M c h 'll
127% N o v '11
136% M ay *06
112% S ep Ml
113%____ i i 2 % S ep"’i I
95 J a n Mi
____94
161”
H
Low
H igh
96% 98%
114%116
95
95
io'2 %
100*o S ep '08
91 95% 94% D ec ’ll
9 4 % ----- 06% J a n M2
93% 100*. 99% A p r M2
ioi” i03 "
00% .
104
104 F e b M2
100 S ep ’ll
00*4 91 A u g Ml
89% M ch M2
93*2 M ay '01
80
08*2 100
"05% “96
85*4___
00% 98
96% ___
7-1*2___
87 ___
84 ____
106% ___
75 ____
71
77
73% ____
85% 86*;
84*o____
S5 87
84 ____
96
96*;
96% 96%
09*2 99%
104
89% 89%
J ’ly ’61
*09 " A p r"’12
08% A u g 'l l
953.1
953;:
86% F eb M2
97 A p r M2
9434 J a n Ml
97% F eb Ml
76»8 S ep ’l l
86 M c h ’12
83% N o v M0
123 M a y '99
70% J ’n c ' l l
75% M ch M2
99
"86% F eb M 2
101% O c t ’99
100 NOV'00
‘86*2 80%
96% M c h ’12
100
95% 96%
SG% 86%
97
99%
84% 86
75% 75*2
96
96%
112% ___ 117% M a y ’10
95 97*- 95% O c t M0
114*2 116 116 J a n M2
113 ____ 111 F e b Ml
84 .___ 90 O c t '09
91% ____ " 97 % Mch" 16
01*8 . . . . 9S J ’ly 08
93% 94
94
94%
____1081; 108% F e b M2
101*2 102 101% A p r M2
63
08
61%
65%
____94%
73 S ale
K
0«J*2 S ale
____97 *;
100*2 109%
104 105
105 . . .
------ 105*2
104% . . .
____96
113 . . .
111% 113
107% . _ _
L
04% AIch’12
73
73
63 O ct '00
99%
09%
97%
97*;
109*2
109%
101
101
105*2 M ch M2
\ p r '12
104% A p r '12
07% O c t Ml
113% A p r M2
1 1 1 % D ec ’ll
108 N o v ’01
9334 _ . .
937a M ch'12
*02 “ I I I
100% . . .
101*2 F e b ’ Hi
103 M c h ’12
110
110
06*4 M ch M2
94% A p r ’ 12
100 A u g ’ll
90% O c t '01
92% A p r Ml
I H I i o i * 104% D ec '0£
96 A p r '12
____96
95 J a n 'l l
io5%1111 110% N ov'O f
103%____ 105 A p r '07
105% 107% 107% J a n ’ll
97% S ep Ml
____90
109% 112
95 . . .
91 ____
97% 100*2
91% 97
114 110%
111% ____
99 Sale
9712 98%
109%
111 115
104 105*8
121 125
117
96 . . .
1 0 5 % ...
113%____
69% 72*8
____92%
112% 113%
105
9312 94%
104*3-----____89%
80 ____
109% 111*;
101% ___
110% ----110% 111%
91% 92%
94
06
108 108%
101*2 102%
03
GG%
91% 94%
73
74
90*4 100%
97*4 98%
108% 110
104 104%
105*2 105%
IO0I4 106
104% 104%
113% 113%
9373 9373
103
103
109% 110%
96% 96%
94
04%
92
93
93
97*2
100% 107%
116% 117
112 A p r M2
90
99%
98% A p r ’ 12
110% M c h ’12
111% J a n M2
105
105
121 M c h ’12
L17% J a n ’ll'
90 A p r M2
10534 M c h 'll
113 O c t 'l l
69% M ch'12
92%
92%
112 “ O ct 'l l
106 A p r Ml
94 A p r '12
101% M ch M2
89% M ch'12
95 F e b '05
100% M c h ’12
115*2 117%
Lll% 112
98% 5)9%
98% 98%
109% 110*2
111%111%
104% 105
121 121
117% 117%
95% 90
112 M ch'12
11078 110%
01% M ch ’12'
112 112
110% 111*8
91% 91%
69% 6934
92% 93
94
95
04% 104*4
89*2 80%
109% 109%
M IS C E L L A N E O U S B O N D S— C o n tin u e d o n N e x t P a g e .
S tre e t R ailw ay .
M Inneap S t 1st cons g 5s — 1019
N ew Orl R y & L t g en 4 U s-1 9 3 u
N Y R y s 1st R E & ref 4s te m p
T e m p o ra ry a d j in o 5 s_______
P o r tla n d R y 1st Sc ref 5s___1030
P o r tla n d G en Elec 1 st 5 s ___1935
S t JOS R y . L . H Sc P ls tg 5s 1937
S t P a u l C ity C ab cons g 5s__1937
T h ird A v e 1st re t 4s c t f s ______
A d j Ino 5s In te rim c t f s ............
T ri-C ity R y Sc L t 1st s f 5 s . 1923
U n d e rg ro u n d of L o n d o n 5s_1920
4 U » ___________ _________
In c o m e 0 s ______ ________1948
U n io n E lec (Chic) l s t g 5s__1945
U n ite d R y s In v 1st lien coll
t r u s t 5s P i t t s Issu e----------1026
S tre e t R a ilw a y s .
J-J
J-J
J-J
A-O
M-N
J-J
M-N
J-J
A-O
M-N
J-J
101%____ 107*2 F e b '06
86 A p r M2
____ 87%
80% ‘ 157
80 S ale 80
51% 899
52 S ale 51%
99 F e b M2
99% 101
98
101
84 S ale
72% S ale
98*8 S ale
95% 96
87% 00
A-O
M -N
86*2 S ale
08 N o v '08
106 F e b M2
83%
84%
72
73*2
98
98%
98 A p r '09
95%
95*2
89
90
84 O c t '08
86*2
• N o price Friday; la te st bid and asked th is w eek,
itiz e d for
f o r FRASER
FRASER
Digitized
a
86%
D ue Jan .
81
80
12
4
45
1
1034
1924
88%
81% U n ite d R R s S a n F r s f 4s_ 1927
59*2 V a R y Sc P w r ls t& r e f 5 s . . 1934
99
(la s a n d E le c tric L ig h t
A tla n ta G L Co 1 st g 5 s ____11947
io"5% ioe" B k ly n U G as 1 st co n g 5 s . 1945
B uffalo G as 1 st g 5 s ............... 1047
83% 86
72
80*4 C o lu m b u s G as ls c g 5 s _____ 1932
97% 08% D e tro it C ity G as g 5 s _______1023
D et G as Co co n 1 st g 5 s ____11918
95
96% D et E d iso n 1st coll t r 5 s_ _ _ 1933
l
74% 90
E q G L N Y 1 st con g 5 s __ 11932
G as & E lec B erg Co c g 5 s . . 11049
G r R a p G L Co 1st g 5 s ____11915
84% 86% H u d so n Co G as 1 st g 5 s____11040
K an C Ity (M o )G as 1 st g 5 s_ _ 1022
l
84*2
80
51%
99
b
D ue F eb.
d
D ue A pril,
h
Duo J u ly ,
k
J-J
A -()
A-O
j -j
J-D
M -N
A-O
J-J
J-J
P -A
J-J
M -S
J-D
E-A
|>1-N
A-O
78%
83
GU3|
06%
80
87
G!)7j
96
7812 A p r ‘12
85 J a n M2
081.1
G8%
OGla A p r '12
104 ____
107% 10778
62
03
05 ____
100% 101%
107%
fo ils
(11
01
_. ...101 M c h ’12
1)5% S ep ’08
101% ____ 101% A p r ’12
106% A p r M2
101 ____ 61% O c t ’01
100 101 100 O c t '09
105 ____ 105 A p r M2
99% J a n M2
D uo A u g .
0 D uo O ct
8
77%
85
66
06
80
85
70
97%
IO6I4 1077s
60
61
ioo*8 iof
10138102%
106 100%
104% 105%
99% 9934
O p tion sale.
„
N.
pr
. 20 '9 1 2
1107
N ew York Bond Record— Continued— Page 3
,
BO ND S
Y . STOCK EX C H A N G E
W e ek E n d in g A p ril 19.
Week's
Range or
Last Salt
TV/Tanlla R R — Sou lines 4 s . 1930 M -N
-i»-*-cxIcan C en t lno g 3s t r re c ts .
E q u ip A coll g 5s_______ 1917 A-O
2d series g 5 s....................1919 A -0
H e x I n te r n a t 1 s t con g 4 s . .1 9 7 7 M-S
S ta m p e d g u a r a n te e d ____1977 M -S
M in n A S t L 1st gold 7 s____1927 J - l )
P aclllc E x t 1st gold Cs___1921 A -0
1 s t consol gold 5 s_______ 1934 M-N
1st a n d re fu n d gold 4 s . ..1 9 4 9 M -S
lie s M & F t II 1 st gu 4 s . .1 9 3 5 J - J
M S tP A S S M con g 4s In t gu.1938 J - J
M S S M A A 1st g 4s In t g u . 1920 J - J
M ississippi C en tral 1st 5 s . . 1949 J - J
M issouri K an sas & T e x a s—
1 s t gold 4 s ...............................lo o n j D
2 d gold 4 s .............................. 01990 F -A
1 s t e x t gold 5 s..................... 1044 M-N
1st A re fu n d 4 s __
2004 M -S
G en sin k in g fu n d 4 H s . . . 1936 J - J
S t L ouis D lv 1st re f g 4 s . 2001 A -O
D al & W a 1st gu g 5 s____ 1940 M-N
K a n C A P a c 1st g 4 s _____1990 F -A
Mo IC & E 1st gu g 5s___1942 A-O
M K & O k 1st g u a r 5 s__ .1942 M-N
M K & T of T 1 st gu g 53.1042 M-S
S lier Sli A So 1 st gu g 5 s . 1943 J - l )
T e x as A O k la 1st gu g 5s 1943 M-S
M issouri P ao 1 s t cons g 0 s . .1 9 2 0 M-N
T r u s t gold 5s s ta m p e d ._ « 1 9 1 7 M -S
R e g iste re d ...................... <0917 M -S
1 st c o lla te ra l gold 5 s____1920 F -A
R e g is te re d ____________ 1920 F -A
4 0 -y e a r gold loan 4 s _____ 1945 M -S
3d 7s e x te n d e d a t 4 % ___ 1938 M-N
1st A ref c o n v 5s________1959 M-S
C en t H r R y 1st gu g 4 s . .1 9 1 9 F -A
C en t H r U P 1st g 4 s ____1948 J - D
L e ro y A C V A L 1st g 5 s .1920 J’- J
P a c R of Mo 1st e x t g 4 s . 1938 F -A
2 d e x te n d e d gold 5 s __ 1938 J - J
S tL I r M A S gen con g 5 s . 1931 A-O
Gen con s ta m p gu g 5 s . 1931 A-O
U nified A ref gold 4 s . .1 9 2 9 J - J
R e g is te re d __________ 1929 J - J
RlV A a DIV 1 s t g 4 s . . 1933 M-N
V erdi V I A W 1st g 5 s ..l » 2 0 M -S
Mot) A O hio new gold Os__ 1927 J - D
1 s t ex te n sio n gold 03___ftl927 Q - J
G eneral gold 4 s __________ 1938 M-S
M o n tg o m D lv 1st g 5 s __ 1947 F -A
S t L A C airo coll g 4 s ___e l9 3 0 Q -F
G u a ra n te e d gold 4 s ___1931 J - J
a s h v Ch A S t L 1st 7 s . . 1931 J - J
1st consol gold 5 s______ 1928 A-O
J a s p e r B ra n c h 1st g 0 s . .1 9 2 3 J - J
McM M W A AI 1 st 0 s . ..1 9 1 7 J - J
T A P n r a n c h 1st 0 s____1917 J - J
N a t R y s of M ex p r Hen 4 }$s.l957 J - J
G u a ra n te e d general 4 s . ..1 9 7 7 A -0
N a t of M cx p rio r lien 4 H s.1 9 2 0 J - J
1st consol 4 s ______ ______ 1951 A -0
N O Mol) A Chic 1 s t re t 5s 1900 J - J
N O A N E p rio r lien g 6s . . p l o t s A-O
N ew O rlean s T e rm 1st 4 S ..1 9 5 3 J - J
N Y C en tral A I lu d R iv e r—
Gold 3 M s_____ __________ 1997 J - J
R e g iste re d _____ _______ 1997 J - J
D e b e n tu re gold 4 s __
.1934 M -N
R e g is te re d ____________ 1934 M -N
L a k e S hore coll g 3 A s __ 1998 F -A
R e g iste re d ______ ______ 1998 F -A
M ich C en t coll gold 3 H s.1 9 9 8 F -A
R e g is te r e d .................
1998 F -A
B eech C reek 1st gu g 4 s . . 1930 J - J
R e g is te re d ______ ______ 1936 J - J
2d g u a r gold 5 s________1930 J - J
R e g is te re d .......... ..........1930 J - J
B eech Cr E x t 1 st g 3*H s.51951 A-O
C a rt A A d 1st gu g 4 s . . . 1981 J - D
G o uv A O sw e 1st gu g 53.1942 J -D
M oh A M ai 1st gu g 4 s__ 1091 M -S
N J J u n o R g u a r 1st 4 s . .1 9 8 0 F -A
R e g is te re d ____________ 1980 F -A
N Y A H arlem g 3 A s __ 2000 M -N
R e g is te re d ..................
2000 M-N
N Y A N o rth e rn 1st g 5S.1927 A -0
N Y A P u 1st cons gu g 4S1993 A -0
N o r A M o n t 1st gu g 5 s . . 1910 A-O
P in o Creek reg g u a r Cs__ 1932 J - D
R W A O con 1st e x t 5 e .h l9 2 2 A-O
O sw e A R 2d gu g 5 s__ cl9 1 5 F -A
R W A O T It 1st gu g 53.1918 M-N
R u tla n d 1 st con g 4 Lis_1941 J - J
O gA L C ham 1 st gu 4s g 1948 J - J
R u t-C a n a d 1st gu g 4 s . 1949 J - J
S t L a w r A A d lr 1st g 5 s . .1 9 9 0 J - J
2d gold 0S.........................1996 A -0
U tic a A B lk R lv gu g 4 s . 1922 J - J
L a k e S h o re gold 3 A s ____1997 J - D
R e g iste re d ..................
1997 J - D
D e b e n tu re gold 4 s ____1928 M-S
2 5 -y ear gold 4 s ................1931 M-N
R e g iste re d .....................1931 M -N
K a A A G R 1st gu c 5s. 1938 J - J
M ahon C ’l R R 1st 5 s . .1934 J - J
P itts A L E ric 2d g 5s a 1928 A-O
P itts M oK A Y 1st gu Cs. 1932 J - J
2d g u a ra n te e d C s____ 1934 J - J
M cK ees A 15 V I s tg C s .ltH P J - J
M ichigan C en tral 5 s____ 1931 M -S
R e g is te re d .....................1931 Q-M
4 s --------------------------------1940 J - J
R e g i s t e r e d ...- . .......... 1040 J - J
J I. A S 1st gold 3 A s - _ 1951 M -S
1st gold 3 H s ---------------i n 5? 11-N
20 - y e i r d e b e n tu re 4s
1999 , \ - o
N Y Chic A S t L 1st g 4 s . 1937 A -0
N
Low
Range
Since
Jan. 1.
H igh
Low
High
25i2 A p r -09
77 M c h ’10
79 N o v ’10
129 F e b ’12
110l8 A u g 'l l
I I ” I 02 102 A p r ’12
____ 64
63 A p r ’12
------ 80
7S18 M ch'12
____97
97
97
96
97
9S12 J a n '10
94% ____ 98% M ch ’l l
------ 128
129 129
105 105
10 ll 2 105
6112 6978
7818 81
96*4 9734
9514
95i2
95% 96
814.,
82I4
8 H 2 83
100&8 103% 102U A p r 12
78% Sale 78%
787s
87
88I4 87
87
____ 84
7844 N o v ’l l
10558 ____ 1054s M c h ’12
90 ____ 9()12
0012
108 ____ 10953 M cli’12
1054i 103 100
106
IOU4 1027$ 103 M c h ’12
10234101 10378 F e b ’ 12
____103
1037S M c h ’12
107 1073g 10758 A p r '12
905s 100
99*3
9934
99 M c h '10
I I ” 100
99t2 M c h ’12
95 97
8112 81%
101 10212
5 8% 811
87
89I4
10543 10543
901* 901*
10015 no
106 107!2
IO234 104
10334 10334
1037s 105I4
107 10Sl8
9933 10034
’99*14 10034
■f4” '7 5 "74*
*74%
9214 9234 96i2 M a y ’l l
88*4 Sale 88*s
89
92
94
91i2 M c h ’ 12
80 8412 83>2 D ec '11
____102
110 M c h ’05
____ 96t2 96 A p r '12
104 10912 108t2 M a y ’l l
____105
105 A p r '12
____105t2 111 S ep '09
81
8156 81
81
80 M c h ’12
8314 8312 8312
8312
102i2 J a n ’lo
I 20I4 ____ 12044 M ch 12
115 116% 11544 F e b ’12
87
88
87 A p r ’12
110 11034 11044 M ch ’12
83
85
83 A p r '12
93% 9334 9312 M c h ’l l
103U 1037jj 103i2 M c h ’12
10953 n o
10012 F eb T2
1 1 3 4 4 ____ 11573 N o v ’10
10714 ____ IO734 M c h ’12
10714 ____ 113 J ’ly '04
901a 9Hs 90t2
90t2
8414 87
8512 A p r '12
99 10148 99 M c h ’12
73 7948 78%
7St4
91
03
92 A p r T 2
103 IOGI4
88 ------ 83l2 F e b '12
86)4 S ale
86
87
9412 95
82 S ale
81 S ale
70 80
7712 784s
99% -----984,s____
10058 -.
87
86l2
86 A p r '12
96I4
9014
92?! S ep ’l l
81*3
82f2
803.,
81
80 A p r ' 12
78 A p r '12
98*3 D ec 10
99 M a y ’l l
90
103
...
...
07i2 A p r '09
96
100
90's M c h ’l l
105 O ct ’02
____9014
88-%F e b T2
Yo’Js *75*l."i
86l2 8938
92 92
9512 96
105
1003s
791* *83*34
78
80
821* 84
12014 121
11534 1153i
8078 8734
IIOI3 11034
81
83
103% 104
L093a 10938
10734 10734
9012 021*
8412 861*
99 100
78
80
917s 95
88
8312
8612 8812
86
87
92I4 901.1
78
807S
79
7834
78
85
84
821*
7912
8838 8833
. . . 107 108 O c t ’09
___ 081, 977s A u g ’l l
120l8 ____ 13 U 2 J a n " 09
10634 ____ IO7 I3 M ch ’12
101 M ch'12
104 J ’n c ’10
o e tg ____ 98L M ch ’12
8514 87l2 81 F e b ’12
92 J ’li e ’09
10718 ------ 115 J ’ne '09
118 ____ 11912 M c h ’ 12
9944 ------ 9978 N o v ’l l
88 885s 88I4
8SI4
____ 8834 88 M c h ’ 12
93!%
9314 9312 9333
93'4 Sale 9313
03%
923s A p r ’12
1085,____
111%____ 1111* M c h ’l l
1021s------ 100 D ec ’09
12U2 ____ 13018 J a n '09
121 ------ 12314 M ch ’12
108
111 115 111 ' J a n ’12
109 112 119 J ’n c ’00
99
93 A p r '12
O S tjN o v ’l l
____ 881* 90 J ’n e ’08
87 ___ 861* M c h ’12
____ 91% 91l2 A p r ’12
9978
<)978
99ti 100
10713 1073.1
101 101
9712 9814
84
88
1191* 1191*
87% 807,
871.1 8834
931.1 94%
93
937s
92*8 9312
123U 1231.1
i f f ’ ill”
*98* * *98* *
8612 883.1
no oi38
9978 ll)038
N.
BONDS
Y . STOCK EX C H A N G E
W e ek E n d in g A p ril 19.
Price
Frid a y
A p r il 19
N YCA II R — (C o n ) N Y C A S t L—
1st g 4s R e g iste re d ____1937 A -0
D e b e n tu re 4 s . .................. 1931 M-N
W e st S h o re 1st 4s g u a r . .2301 J - J
R e g is te r e d ............
23c 1 J - J
N Y C en t L in es eq t r 4 A s 1923 J - J
N Y N ew H a v e n A H a r tf —
N o n -co n v d e b e n 4 s _____ 1955 J - J
N o n -c o n v 4 s ..........
1956 M-N
C o n v d e b e n tu re 3 ‘j s . . _ 1956 J - J
C o n v d e b e n tu re 0 s _ .
1948 J - J
H a rle m R -I’t C hes 1st 4 s . 1954 M-N
C en t N ew E n g 1st gu 4 s . 1061 J - J
IX ousatonlc It eo n s g 5s 1937 M-N
N Y W ’c h e s A B l s t s e r l 4 A s 'i r , J - J
N H A D e rb y co n s c y 5 s . 1918 M-N
N ew E n g la n d co n s 5 s . . . 1915 J - J
C onsol 4 s .................... 19 45 J - J
P ro v id e n c e S e c u r del) 4 s . 1957 M-N
N Y O A W ref 1st g 4 s . . 01992 M -S
R e g iste re d $5,000 o n ly 0 1992 M -S
1955 J - l )
G en eral 4 s .................
N orf A S o u th 1 st gold 5 s . 1941 M-N
N orf A W e st gen gold Cs. 1931 M -N
I m p ro v e m e n t A e x t g Gs.193-1 F -A
N ew R iv e r 1st gold 6 S ...1 9 3 2 A -O
N A W R y 1st co n s g 4 s . . 1990 A -0
R e g is te re d ......................... 1996 A -O
D lv ’l 1 st 1 A gen g i s . .1944 J - J
10-25 -y ear c o n v 4 s ____1932 J - D
1 0 - 2 0 -y rc o n v 4 s fu ll p d r e t
P o c a h C A C jo in t 4 s . 19 11
C C A T 1st g u a r gold 5 s . 1922
Sclo V A N E 1st g u g 4s 1989
N o rth e rn P a c p rio r 1 g 4s 1997
R e g i s t e r e d . . . ..........
1997
G en eral lien gold 3 s ___ <z2047
R e g is te r e d _____
a2047
S t P a u l-D u lu th D lv g 4s 1990
D ul S h o r t L 1st gu 5s
1916
S t P A N P gen gold 6 s . 1923
R e g iste re d c e rtific a te s 1923
S t P a u l A D u lu th 1st 5s 1931
2 d 5 s— ....................
io n
1 st eonsol gold 4 s .
*1968
W a sh C en t 1st gold 4s *1948
N o r P a c T e rm Co 1st g Cs"*1933
O reg o n -W ash 1 st A ref 4s* *1901
P a c i f ic C o ast Co 1st g 5s 1946
e n n a R R 1st re a le s tg 4 s ~ 1 9 2 3
1919
Consol gold 5 s____
C onsol gold 4 s . . .
1943
C o n v e rtib le gold 3 A s ’ *1912
C o n v ertib le gold 3 A s *1915
R e g is te r e d ..........
'1 9 1 0
1948
C onsol gold 4 s ____
A lleg V al g en g u a r g 4 s _ I l9 4 2
I) R R R A Bgo 1st gu 4sgl03C
P h lla B a lt A W 1st g 4s 1943
Sod B a y A Sou 1 s t g 5s 1924
S u n b u ry A Lew is 1st g 4s 193G
U N J H R A C an gen 4s 19 14
P c n n a Co g u a r 1st g4 A s
1921
R e g is te re d ___
1921
G u ar 3 A s coll tr u s t rc g ‘ *1937
G u a r 3 K s coll tr u s t s er 1*3 .1941
1 r u s t Co e e rtfs gu g 3 H s .1 9 1 0
G u ar 3
tr u s t ctfs C . 1942
G u ar 3 A s tr u s t c tfs D
1914
G u ar 15-25 y e a r g 4s
*1931
CIn L cb A N o r g u 4s g *1942
Cl A M ar 1st g u g 4 J js 1935
Cl A P gen gu g 4 3js s er A 1942
S eries B ____________ .1 9 4 2
I n t red u c e d to 3 W s.1942
S eries C 3 A s .....................1948
S cries 1) 3
1950
E rie A P itt s gu g 3 A s 13.1940
S cries C ____'.....................1940
G r I t A I e x 1st gu g 4 H s ll9 4 1
E ltts F t W A C 1st 7 s . 1912
2d 7 s .................................. 19 12
3 d 7 s ......................
/j 19 1 2
A sh l s t co u 5 s . 1927
T o l W V A O gu 4 A s A . . 1931
S eries B 4 A s _____
1933
S cries C 4 s_____
1942
P C C A S t L gu 4 M s ' a ” 1040
S eries B g u a r _______
1912
S eries C g u a r .....................1942
S eries D 4s g u a r ______ 1945 MS erlcs E 3 A s g u a r g ___1949 F S c r ! e s F g u 4 s g _____ .1 9 5 3 .1 S crlcs G 4s g u a r ______ 1957 M
C S t L A P l s t con g 5 s . .1 9 3 2 AP co A P elt U n l s t g Gs._ 1921 Q
2 d g o ld 4 A ? .......... ..............01921 MP cre M a rq u e tte — R ef 4 s . ..1 9 5 5 J R c fu n d ln g g u a r 4 s ____ 1955 J Ch A W M 5 s___________ 1921 J F lin t A P M g Cs________ 1020 Al s t consol gold 5 s .
1939 M
P t H u ro n l)!v l s t g 5 s . 1930 AS ag T u s A II l s t gu g 4S.1931 F P h lllp p ln c R y l s t 3 0 -y r s f 4 s .'3 7 J P ltts Sh A L E l s t g 5 s ___ 1940 Al s t co n so l gold 5s . .
1043 J O c a d l n g Co g en g 4 s . ..........1997 J 1 1 R e g i s t e r e d _____
1997 j J c rs c y C en t coll g 4 s ___ 1951 AA tla n C ity g u 4s g . ..........1951 J t J o A G r Isl l s t g 4 s _ . 1917 J t L A S an F r a n gen g Cs 1931 J G en eral gold 5 s_________ 1931 J S t L A S F R l t co n s g 4 s . 1990 J G en 15-20 y r 5 s . ..........1927 MS o u th w D lv l s t g 5 s . .1 9 4 7 AR e fu n d ln g g 4 s.............. 195% J R e g l s t e r e d ._____ ___ 1 9511J -
S
Hid
Week':
Range or
Last Sale
Ask Low
98% ____
8934 90
100^3 Sale
98
9838
ond:
Sold
A
=4
Range
■ Since .
Jan. X.
High N o . Low
99*4 M ch ’12 ___ 99
6 897s
8934
90
53 100
100%
1003.
2 97%
98%
98%
100% J ’ly '11
H igh
993i
91
101
98%
93
9438 A u g 'l l
1 92% 93%
92**
92% 925S 92o8
90
9453
93 % ____ 94% A p r ’12
8 130 132%
131
128 130% 130
I 99% 99%
991,,
99 % ------ 99%
93
93%
933s M c h ’l l
____93
111 115
115 ____ 115 M c h ’12
995* 57 99% 100
99% Sale 99%
10238 ____ 107 A u g '09
115
995s------ 99% M ch '12 ___ 99% 100
80
85% 87 M a y ’ll ___ __
1 94% 96
94%
941.1 94^ 91%
93% O ct ’l l
9219
895g 89%
897-3 F e b ’l l
1*02% ___ 102% J a n '12 ___ 1021* 102%
12353 124 12358 A p r ’12 ___ I23*>g 12o3.j
12173 127% 121 S ep ’ll ___ _________
1227,____ 123%O ct ’ll ___
___
9J7g g ale 99%
99%
997s 11 98
_________
9534 ns
98 J a n '11
1 93
94
------ 93
93%
93%
112 113 11134 113% 100 107% 114%
____
109*4
110% 120 108 111%
94
93
93% 93I4
3 •jo
93 U
10534 10634
94
9G38 95
1 95
95
981*
9934 Sale 9953
9U78 73 99% 10034
98% 991? 99
2 98% 99%
99
69% 6J78 0012
6974 11 69
70%
07% GO*,
____ 971- 96% M ch'12 ___ 91)14 IOI4
100 ___
115% 416 115% A p r '12 . . . . 115% 115%
1144s____ 11538 A u g ’l l
109 ____ 107 J a n 12 . . . . 107 107
1023S ____ 102% J ’n c ’l l
92% M c h ’12 . . . . 92% 92%
8 9 % ____ 91% A p r '11
1 111 % 11134
111%
1 1 1 % ___ 1 1 1 %
917-3
917,; 28 9158 <J2%
------ 913.)
1033.J 105 103% M c h ’12 ___ 103% 104
1 101 102
101 10134 101
J 01
110 M c h ’12
108 110
____110
____ 1023, 102% M c h '12 ___ 102 104
9973 100
9973
9978
1 99% 100%
9733 Sale 973,,
97% 111 96% 9773
96 . .
97% F e b '12
97% 97%
103% Sale 103%
103% 41 102% 104
9>S 100
0978 A p r '11
10034____
____102
10173 102
102 M c h '12
102 J a n '03 —
................
*97* I I ”
101% ____ io i% Mch '1 2
101 “ io n *
10338 Sale 103%
103%
7 103% 104
102% ____ 103 M c h ’12
103 103
88% 88%
88*4 ____ 88% A p r ’12
88% 89
8S%
8S%
0 88
88%
9734 ____ 97% M c h ’12
97% 97%
88% 89
88 M o h ’12
88
SS%
8773 ____ 87% J a n T2 ___ 87% 873,
07 S ale 97
97%
9 97
98%
94
9034 96% D ec ’l l
103% 105 110 J a n '05
100% . . . 107% D ec '11
106% . . .
109% J ’ly '09
91 % ____ 91% F e b ’12
91% 91%
911, 93
90 A u g '09
91% ____ 90 M a y '08
91% 94
90% A p r ’l l
91% 94
9S% A p r '04
104 10434
101 105 104 A p r ’12 —
101 F e b ’12
101 101%
____101
10378 F e b '11
____ 101
101 D ee 11
10733 ____ 109 M ay'10
102% 1033,s 101% F eb ’12 . . . . 10134 10134
102% IO355 100 J ’ly '10
95 ___
10578 ____ 10578
1o578
]" 105% 106*4
106 1031? 106*4 J a n 12
10C34 100*4
105%10U1; 100 J ’n c 'l l
97
99% 99 M c h ’12
97
90
937S ____ 93% F e b ’12
931ft Dol.*?
97 .
977s A u g 'l l
9858 ------ 99 M ch'12
99
99
110% .
113% N o v ’l l
104 ____ 103 M a y 'll
____ 99
93% J a n ’l l
___ G7% 06 DCC'11
51 ____ 68% N o v ’l l
9953 F e b '12
9958 99*3
108 M c h ’12
108 103
98
98*% 100 F eb '12 . . . . 99*4 100
____101
08 A u g ’l l
84% F e b ’12 . . . .
83
86
113 ___ 112% D ec ’l l
1121*____! 113% N o v ’l l
98% 102
98% Sale 98
2
98 S ale 98
98
97% 973.1 97 A p r ’12 —
"85
87%
119 120%
107% 108
861,, <
41%
877s S ale
98% .
79
79%
86 M c h ’12
119*3 A n r ’12
107% M c h ’12
88% F e b '12
8773
88
100 O c t ’l l
79%
79%
80% M c h ’l l
84% 84*3
977s 9834
97% 98%'
97
98%
*86 86%
1187g 11933
1071* 108%
88
88%
8 877s 88%
48
79% 81*4
A U SC E L L A N E O U S B O N D S — C o n tin u e d o n N ex t P a g e .
G as a n d E l e d r ic L ig h t
K in g s Co E i L A P g 5s-------1937
P u rc h a s e m oney Os---------- 1997
C o n v ertib le d eb 0 s---------- 1922
E d E l II B kn l s t con g 4 s . 1939
L a c G as I, of S t L l s t g 5 s ..c l 019
lte f a n d e x t l s t g 5 s------- 1934
M ilw aukee G as L l s t 4 s-------1927
N ew ark Con G as g 5 s ............. 1918
N Y G E L II A P g 5 s____ 1048
P u rc h a s e m o n ey g 4 s ____ 1949
E d i'll 111 1st eons g 5s — 1995
N Y A Q El L A P l s t c o n g 5 s . 1930
N Y A R ich G as 1st g 5 s __ 1921
P acific G A El Co Cal G A E
C orp u n ify in g A ref 5 s . .1 9 3 7
P a t A P a s sa ic G A E 5 s____1049
105 M c h ’12
105 105%
116*4____ 117 A p r '12 I ” 115% 117
1193,____ U 8i8 D ec ’ll
8812 D ec ’l l
10 211 ____ IO2 I3
102%
G 102 103
Kill* S ale 1011*
10U2
1 101 101*3
89’s 901* 00 F e b ’12
8973 90
103*4 106% 1047S D ec '1 1
10 33s Sale* 103%
103-% 13 102*3 101%
8H58 Sale 8$1*
89L 43 SHI., 89%
112 1123,, ll.il3 M ch ’12
112% 113%
IOH4 . . . I 1021* M c h ’12
102 102%
9212 J ’ly 'O'
M-N
M -S
no
100
. *N o price Friday; latest bid and asked,
G as a n d E le c tric L ig h t
P eo G as A C l s t con g 0 s __ 1943
R e fu n d in g g o ld 5 s ______ 1947
R e g is te r e d __________l _ 1947
Ch G -L A C ke l s t g u g 5 s . 1937
Con G Co of Ch l s t g u g 5s 1936
I n d N a t G as A Oil 3 0 -y r 5s ’30
M u F u el G as l s t g u g 5 s . .1 9 4 7
R e g is te r e d ..................
1947
P h ila d e lp h ia Co co n v 5 s __ 1919
S y ra c u se L ig h tin g l s t g 5 s . 1951
S y ra c u se L A P 5 s _________ 1954
T r e n to n G A E l s t g 5 s____1949
U nion E lec L A P l s t g 5 s . .1 9 3 2
R ef A e x t 5 s ____________ 1933
961, U tic a El L A P l s t g 5 s____1950
U tic a G as A E ref 5 s _______1957
W e stc h e s te r L lg h l’g g 5 s ___1950
A -0
A-O
M -S
J-J
Q -F
A-O
M-N
J-D
J-D
F -A
J-J
F -A
M-N
S ale 90
____
a D ue Jan .
96%
3G
ft Duo F eb .
04
e
D uo M ay
<j
D ue Ju ne,
ft D ue J u ly ,
H 6I4 A p r ’12
A-O
102
M -S 10178 102% 102
103 F e b ’09
M -S
10338
J - J 103% S ale 10383
J - l ) ____ 1033.1 102 N o v ’l l
891* 93
93 M c h ’12
M-N
M-N 1003.J____ 101% M c h ’12
M-N
F -A 101 106 109 F e b '12
J - D 1001*____ 101 D ec ’l l
J-J
80 ____ 81 J ’n e ’l l
M -S 1 0 2 L ____ 100 F e b ’01
M -S 101 ____ 101 A p r ’12
M -N
96% 07% 96% A p r ’12
J - J 10312 ___
J - J 101 . . . IOOI4 D ec ’l l
1013;
J - D 10134 105% 1043s
p
D ue N o v .
s O ption sa le.
1161.1 1I7?2
I0l7s 102*2
103
1044*
93
93
1003s 101%
101 101
96% 98%
10438 10534
New York Bond Record— Concluded— Page 4
N.
BO N D S
Y. STOCK E X C H A N G E
W eek E n d in g A p ril 19.
Interest
Period
1108
P rice
Friday
A p r il 19.
Week's
Range or
Last Sale
4
Bid
Ask Low
High
S t'L & S a n F r a n (C on )
117l2 A p r '12 .
K C F t S & M con g 63 . . 1028 M-N ____117
7934 A p r ’12
793.1 80
K C F t S & M R y re t g 4 s . 1936 A -0
79 S ep ’10 .
R e g is te re d ____________ 1936 A -0
K C & M H & 15 1st gu 53.1929 A -0
98*8____ lOObi D ec ’09 .
9334100
997s
097g
O z a rk & Ch C 1st gu 5s g_l!U 2 A -0
n u 2 92
92
92
S t L S VV 1 s t g 4s bil c tts ._ 1 9 8 9 M-N
82
82 S ale 8112
2 d g 4s Inc b o n d c t ls ____p l9 8 9 J - .l
833.1 Sale 811;
841?
C onsol gold 4 s ___________ 1932 J - D
9734 ____ OUsvApr ’07 .
G ra y ’s F t T e r 1st gu g 5 s . 1947 J - l )
S A & A P ass 1 st gu g 4 s __ 1943 J - J
86*2 Sale Solo
8'GA,
S F & N P 1st sin k t g 5 s . .1919 J - J 10312 ____ .0 1 O c t ’09 .
87
87
S e a b o a rd A ir L in e g 4 s ___ 1950 A-O
8712
G old 4s s ta m p e d _________ 1950 A-O
87*2 S ale 87*2
R e g is te re d _____ ______
1950 lA-O
80
80%
70
80
A d ju s tm e n t 5 s_________ oi9 4 0 F-A
81/8
813.1 817s 81*8
R efu n d in g 4 s..... .................1959 A -0
88
895s 88 A p r 12
A tl-B irm 3 0 -y r 1st g 4 s . e l 933 M -S
93l2 A p r ’12 .
9212 98
C ar C en t 1st con g 4 s ____1949 J - J
F la Cen & P en 1st g 5 s ___1918 J - J 10173 ------ 103 M a y 'll
1st la n d gr e x t g 5s____1930 1 - .1 103
Consol gold 5 s_________ 1943 J - J 107 ____ 10534 A p r ’l l
G a & A la R y 1st con 5 s _ o l 945 J - J IOGI2 10738 U1G34 M c h ’12
Ga C ar ft N o 1st gu' g 5 s . 1929 J - J 10534 10012 U)534 F e b ’12
S cab & R oa 1st 5 s______ 1926 J - J 106 ____ 106*8 F c b ’ 12
S o u th e rn P acltlc Co—
9178 S ale 9134
02
G old 4 s (C ent P a c coll) _7cl049 J - D
89
9U 4 911 2 N o v ’l l
R e g is te re d ___________ fcl949 J - D
«6
957s S ale 95%
2 0 -y ear co n v 4 s _________ 01929 M -S
9534
9534
C en t P a c 1st ref gu g 4 s . .1 9 4 9 F -A ____ 9534
95i2 96*8 97 F e b ’ 10
R e g i s t e r e d ___________ 1949 F-A
9034 91*4 903.i A p r ’ 12
M o rt g u a r gold 3 H s_ .fc l9 2 9 J - l )
T h ro u g h S t L 1st gu 4 s . 1954 A-O ____ 92'4 927s t e b ’ 12
G H & S A M & P 1st 5 s . 1931 M-N ____ 1067g 107 M c h ’12
G ila V G & N 1st gu g 5 s . 1924 M-N 103 104*8 1043.1 F e o '12
H o u s E & W T 1 st g 5 S ..1 9 3 3 ,U-N 104*4 105*4 lo lls J a n ’12
1st g u a r 5s r e d ________1933 M-N 104bi IO0I4 104U F e b ’12
II & T C 1st g 5s In t g u _ .l0 3 7 J - J 109 ____ 110 A p r ’1 2 .
C onsol g 6s In t g u a r . .1 9 1 2 A-O ____ 110*8 1071?S ep ’l l
95*8
05ig S ale 05'a
G en gold 4s In t g u a r . .1921 A-O
\\ aco & N W d lv 1st g 6 s ’30 M-N 114*2118 H 9I4 M ch ’10
A & N W 1st gu g 5 s____1941 J - J 106 ____ 107l2 F e b '12
A-O I I 2I4 ____ 1121? S ep ’l l
J - J IIH 4 ____ 111 M c h ’l l
A-O
A-O ____1145s 112 F e b '07
J - J IOU4 ___ 102 J ’l y ' l l
M-N 1107g____ 116 M a y '07
So P a c of C al0 U 2 ____ 00 J ’ly '09
J-J
90-3.8 A p r ’12
A-O ------ 0 U8
M -S 10012 ____ 10084 M e h ’12
101*8 M a y 'll
J - J ____105
95*8 S ale 05
OOU
J-J
1077s
J - J 10734 Sale 107*?
105 S ep ’l l
J-J
787g
7S78 Sale 78-3.,
A-O
M -S
87% 87*2 fc7 A p r ’ 12
M em D lv 1 st g 4 H - 5 s ..
J - J 109*4____ 111 F e b ’12
8934 UOM 90bt M eb ’ 12
S t L o u 's d lv 1st g 4 s ____1951 J - J
J - J 10734 10 ')i4 107?s N o v '10
87
90% 001; N o v 'l l
J-J
____ 8234 82bi F e b ’12
J-J
____
86
89
A -0
J - J 105*2____ 10534 D ec '11
HIS 108*8 108U M cll’12
J-J
M-N 111 *3 1113g 1 111 ?. A p r '12
M -S 10534 ____ 106 M c h ’12
07 D ec ’ll
65
72
A-O
J - J 112*8 ____ 1127s M c h ’12
J - J 113*8 ____ 114 M c h '12
J - J 10 4*8____ 1051? N o v '10
78 ____ 78 D ec '11
J-J
IOII4
J - J 104*8____ IO 1I4
A-O 104*4____ 10434 A p r '12
72 I4 ____ 71 M c h ’l l
M-N
M-N 10234 1031.1 10234 102J4
M -S 105 ____ 112 O ct '00
M -S 10334 ____ 104U J ’n e 'l l
1 M -S 106*8 1073s 106 M c h ’l l
M -S 10512 ____ 105 J ’n c ’10
M-N IOSI4 ___ 10SL M c h ’12
__
1081; J ’ly ’l l
J-J
97*2
97*2 Sale 07'2
A-O
9 U s ____ CO M c h ’12
F-A
103 ___ 1031,1 M oh112
1 J-J
IU212 A p r ’l l
S p o k a n e I n t e r n a t 1st g 5 S ..1 9 5 5 J - J ____103
r p e r A of S t L 1st g 4 M s .. 1989 A-(l 10473 ____ 105 M c h ’12
H 2'8
F -A 11212 ____ 112'3
9434 <J6
1 J - .l
95 '8 „ . Op'S
A -0 10018 ___ t 0Sl2 F e b 11
109
) J - L 108 1087? 109
SO M ch 12
50
50
) Mch
J - J 100 ____ 991? A p r ’l l
100*2 NOV’04
) F -A
J - J 100 1091? 109's M c h '12
-> A -0 108 ____ 112 S ep ’09
G en eral gold 5 s__________192 3 J - L 103 1041? 103*2 M c h ’12
9 H4
9 H4
1 A-O ------ 92
7 J-J
U8I4 9S12 9 S*2 A p r '12
94*4
J-J
943s 951g 94ls
'> J - J
86b i ___ 86 M c h '12
64
) A-O
63*2 S ale 63
7 F-A ____ 75
75 N o v ’l l
i J -D
893.,
897s A p r ’12
3 J - D 105 ____ 106
103
ls te r <Ss Del 1st con g 5s
1st re fu n d g 4 s _______ 195; 2 A -0
8512 ___ 8512 D ec ’l l
7 J - J 102 Sale UU38 102
U n ion P acific— G old 43 . .
7 J-J
901? 1091? 100U A p r M2
7 J - J 103U Sale I03U
103 >s
963,,
<)7
S M-S
9<u2 97
i J -D
9538 Sale 9533
957g
2 F-A ____113*? 1 1234 A p r M2
110% 1103, 110*8
i J-J
110*8
9J 3.| Salo 93*2
G u a r re fu n d 4 s _______ 192 1 J - l
94
6 J-J
105*8------ 108 M a y ’l l
9218 ____
3 J-J
94
97
96*8 M ch M2
5 F-A
7 M-N
05*8 07b 97i2 A pr M2
93 N o v ’l l
1 J - J ____ 98
U
Range
Since
Jan. 1.
Imo
N.
[VOL. LXXXXIV.
WceKs
Range or
Last Sale
BONDS
Y . STO CK E X C H A N G E
W e ek E n d in g A p ril 19.
L 010
High
High
10712
107
TX 7abasb 1 st go ld 5 s______ ,1939
117 118
983,j
99M
7934 80' 2 VV 2 d gold 5 s .............’. . . . 1 9 3 9
98 A p r '11
D e b e n tu re S eries B ____1939
100 M ch •12
1 st lien e q u ip s fd g 5 s___1921
S3 D ec ’10
1 st Hen 5 0 -y r g te r m 4 s . .1 9 5 4
9314 100
64l2 1185
GII3
1 st re f a n d e x t g 4 s .......... .1 9 5 6 J - J
01
9212
0U 2 11
fiSU
E q u i t T r u s t Co c t f s _________
8034 8*2
75
6238
0U 2 S ale 00i 2
D o S ta m p e d _____________
79
84 '2
D o t & Ch E x t 1 st g 5 s __ 1941 J - J 106 . . . . . 100i2 M ch 12
79
80's 81i2 M ay 11
D cs M oln D lv 1 st g 4 s ___1939 J - J
SOU 873.1
70 ____ 70l2 M ch 12
C m D lv 1st g 3 M s_______1941 A -0
83i2 M ch 12
80 83
T o t «5j Ch D lv 1st g 4S____19 41 51- S
87, 87
391.1 A p r 12
W ab P itt s T e rm 1st g 4 s __ 1954 J - D
8712 90
39
38i2 Safe' 373.,
C e n t & O ld Col T r Co c e r t f s . .
3814
38Li
C o lu m b la T r Co c t f s ________
79 8 U4
____40
Col T r c tfs fo r C en t T r c t f s . .
81
83
2 A p r ’12
2d g o ld 4 s ______________1954 J - D ____ 3
88
90
212
238 27S 21;
0234 9312
T r u s t Co c e rtf s ____________
86I 2 ____ 8738 O c t ’l l
W a sh T e rm l 1 st gu 3 M s___1945 F -A
1 st 4 0 -y r g u a r 4 s ..... ............ 1945 F -A
97IS - - - - 971,8 M c h ’12
87*2
87
8712 8738
W e st M a ry la n d 1st g 4 s____1952 A - 0
106*3 1071,i W e st N Y & P a 1 st g 5 S ...1 9 3 7 J - J lO/lg 1077s 10S12 M c h 'R
867S 881S 87I4 A p r '12
G en g o ld 4 s .....................
1943 A-O
10yl2 10534
34 F e b '07
I n c o m e 5 s__________
d l9 4 3 N ov
1001s 100's
W h eelin g & L E 1 st g 5 s . . .1 9 2 6 A -0 i03»i 1031 104 A p r M2
913.! 0212
W h e el D lv 1st gold 5 s . . . 1928 J - J 102-% 101 1021s N o v '11
102 J ’n c ’10
E x te n & I m p go ld 5 s____1930 F -A ____103
85bi
851,1 8718 851,i
R R 1 st consol 4 s ________1919 M -S
95'g 97
9812 Fcl) ' l l
9G*s
98*8
J
J
2
0
-y
c
a
r
e
q
u
ip
s
t
5
s
_
_
1922
9553 97
93 M c h ’12
W in sto n -S a lem S B 1st 4 s . .I 9 6 0 J - J . - . 92
93's.
93*8 Sale 927S
l)012 9112 W Is C en t 5 0 -y r 1st gen 4 s . .1 9 4 9 J - J
1 st & re fu n d in g 4s
1959 A-O
92?s 927s
1063., 107
S u p & D u l d lv & te rm 1 st 4s ’36 51-N " JH i "92'lj 9238 M c h '12
10434 10434
A la n u fa c fu rin z a n d In d u s tr ia l
10 Us 10 il 8
66
6 ll 2 Sale 6412
. 1930 J
IOII4 10 4 14 AllIs-ChaLmers 1st 5 s . . .
IO2I4
A m A g C hcm 1 s t c 5 s . .............. 1928 A 10214 S ale 102U
110 110
98
98*8
98
S
ale
A m C o t Oil e x t 4 M s______ 1915 Q
943.1
9434
D e b e n tu re 5 s............................ 19 31
51. . . . 95
9518 9514
91)34
9912 9U3.i 99*2
A m H id e & L 1st s f g 6 s ___ 1919 U
7I)12
79*8
7018
80
10712 10712 A m cr I c e S e c u r d e b g Gs___ 1925 A
106
10134 Salo 10112
A m S m e lt S e c u ritie s s f 0 s. .1 9 2 6 F
10012
100 101 1001*
A m S p irits M fg 1 st g 6 s____ 1915 M
93lo 0 i l 2 9212
931_
A m T h re a d 1 st col t r 4 s_____1919 J
120*2
12012 12034 120M
A m T o b a cco 4 0 -y r g 6s____ 1944 A
12014 F eb ’12
R e g is te r e d .................................1944
A
1203,8 A p r ’1:
C ertific ates of d e p o s it_______
9512
9538 9534 95* 2
Gold 4 s____________________1951
95 F e b ’12
R
e
g
is
te
r
e
d
........................1051
903s 92
95l2
9512 Sale 951*
C ertific ates of d e p o s it_____
10C34 10034
1217S 98
1217s S ale 121%
P L o rllla rd C o 7 s te m ’p r y b d s .
9534
9614 76
96i8
Sale
5s te m p o r a r y b o n d s _______
913.1 953s
1207s 11
1203t S ale 120->,s
LIgg & M y ers T o b Co7s tp y bds
1073s 1083s
229
95
9434 Sale 94%
5s te m p o r a r y b o n d s _______
883!
2
8834
883.i 89
783., 793., Am W rltg P a p e r 1st s f 5 s . .1 9 1 9 J - J
8512 8712 H aldw Loco W o rk s 1st 5 s . .1 9 4 0 5V-N 1033,1104 101 F e b ’12
100i2 S ale 9412 102 1107
B e th S tee l 1st e x t s f 5 s____1926 J - J
IOSI4 111
77
95*s
96*s S ale 95bi
88*8 OOI4 C en t L e a th e r 2 0 -y ear g 5s 1925 A -O
2
9 5 ';
951
C onsol T o b acco g 4 s . . .
1951 F -A ____95*2
57 N o v ’07
R e g is te re d ............................ 19 r>1 F -A
97
821.1 8214 C o m P ro d R e t s f g 5 s .
1931 .U-N '9012 97’ ' 97
96
90
. . . 90
1st 2 5 -y car s t 5 s . .
1934 M-N
0634
0684 Sale 96*2
C u b an -A m e r S u g a r coll t r 6s 1918 A-O
74
74
741.1 733,8
1073, IO8 I4 D istil See Cor c o n v 1st g 5 s . 1927 A -0
0012
Si)i2 S ale 89*2
11C34 1115s E I d u P o n t P o w d e r 4 M s .. 1936 J - D
83
10534 106
8 3 U ------ 83
G en E le c tric d eb g 3 M s____1942 F -A
159 F e b ’12
10-y r g d e b 5 s_____ ______ 1917 J - D
100
093* Sale 0G38
U233 1 1 273 G cn ’l M o to rs 1st lien 6 s ____1915 A -0
923,,
9212 S ale 0212
111 S tee l d eb 4 Ms ( r e c t s ) __ 1940 A-O
115 115
10Hf
In d ia n a S te e l 1st 5s (rects) 1952 51-N 10U 2 S ale 101
I n t P a p e r Co 1st con g 6 s . .1 9 1 8 F -A 101 1043S 104 A p r ’12
89I4 A p r ’12
8OI4 90
C onsol c o n v s f g 5 s_____ 1935 J - J
10414 10434
93l2
9212 933S 9212
104 10434 I n t S t P u m p 1st s f 5 s _____1929 M-S
94
94
. . 95
L a c k a w S teel l s t g 5 s______ 1923 A-O
73
7712 783 7 7 ';
1st con 5s S eries A ______ 1950 M -S
10234 104
91
91 Sale 903,1
5 -y ear c o n v e rtib le 5 s____1915 M -S
97*2
9712 Sale 97*2
M exican P e tr o l L td e n v 6s A '21 A -0
913g
93
95
94*8
N a t E n a m & S tp g 1st 5 s __ 1929 J - D
1011;
N a tio n a l T u b o 1 st 5s r e c t s . 1952 51-N IO P 2 S ale 10038
983.1 100 100 A p r ’12
108 10814 N Y A ir B ra k e 1st co n v 6 s . . 1928 5\-N
97*2 M ch ’IV
9714 08
R y S tee l S pgs 1st s f 5 s____1921 J - J
1027,
96'2 9734 R cp u b I & S ls t& c o l t r 5 s . . 1934 A - 0 103b,------ 10278
923,1
9212 Sale 921,
1 0 -3 0 -y ear 5s s f .................. 1910 A -O
90
90
8012 8712 8 7 '; A p r '12
10314 10312 S ta n d a r d A im ing 1st 5 s____1930 M-N
98l.i
98*r
08ti 99
i'hc T e x as Co c o n v d eb 6 s . .1931 J - J
9418 9412 94i2 M c h ’12
U nion B ag & P a p e r 1st 5 S ..1 9 3 0 J - J
105 ’ 105
94M M c h '12
. 05
S t a m p e d ________________ 1930
112's 1 12I4
(J S L o a th Co s f d e b g 6 s __ 1913
1007s 191 lOQTs A p r '12
0412 96
88*2
87
883S 8812
U S R e a lty & I c o n v d eb g 5 s . ’24
____ 50
50 A p r ’12
1 1 ()12 U S R ed A R efg 1st g 6 s . ..1 9 3 1
1011 ?
U S R u b b e r 1 0 -y r coll t r 6S.1918
104-4 104’2 IOII4
50
R e g is te r e d _______________1918
1027s
IO2I4 S ale 102U
U S S tee l C o rp — J c o u p ___<11963
103
102 S ale 102
S f 1 0-60-yr 5 s \ r e g ____<11963
10818 109i2
100's
9978 S ale 0078
V a-C ar C hem 1 st 15-yr 5 s . .1 9 2 3
1027,
IO2I4 10234 102*8
W e st E le c tric 1st 5s D ec 1922
103 ■ 161
951g
95U
9514
Sale
W
cstln
g
h
o
u
sc
E
&
M
s
f
53.1931
9134 9212
98
98 Sale 97*2
10 -y ear coll t r n o te s 5 S ..1 9 1 7
981,i 991g
9314 9114
T e le g ra p h & T e lep h o n e
86
8712
91
91 S ale 9073
63
695s A m T e lep & T el coll t r 4 s . .1 9 2 9 r - j
11512
C o n v ertib le 4 s ___________ 1930 51-S 115M Sale 114*2
8912 9012 C hicago T e lep h o n e 1st 5 s . .1 9 2 3 J - D
82
85l2 821? M ch '12
C om m ercial C able 1st g 4 s . 2397 Q - J
10573 100
8312 N o v ’l l
R e g is te re d _______________2397 y - j
82 F e b ’12
83
84
K e y sto n e T e lep h o n e 1st 5 s . 1935 j - j
100% 102’
103bi 103 F e b ’12
9912 1017s M etro p o l T el ic Te! 1st s f 5s 1918 51-N 1023,8
100b,
lOObi
lOOb,
Sale
F
-A
M
ich
S
ta
te
T
e
lep
1st
p
s____1924
10 U2 104
963.1 9778 N Y & N J T e lep h o n e 5s g .1 9 2 0 51-N 102 ------ 1031.1 M a y ’l l
100
lOObi
95Li 961 s N Y T e lep 1 st & g en s f 4 Ms 1939 M-N 100*8 KWI4 100
IOOI4
1125s 11334 P a c Tel & T el 1st 5 s................1937 J - J 100 S ale
1021
VVcst U n io n col t r c u r 5 s___1938 J - J 102i2 S ale 102*2
IIOI4 112
99
99
98
99
F d a n d real c s t g 4 M s___1950 51-N
9312 953.1
. . 105 105 F e b ’12
C o n v 4s, series A ________1936 M-N
103 F e b ’l l
R e g is te re d ____________ 1936 M-N
M u t U n T el g u e x t 5 s___1941 51-N 1013s------ 104 J ’n o ’l l
96*3 965S
95 ____ 103 J ’ly '04
N o rth w e s t T e l g u 4 Ms g-1934 J - J
97
9712
b
9'J12 100
5512 6412
59bi G112
6012 623jj
106 107
CSb;
7234
38
3 7 ';
373.1
70*2
8;jl2
39U
421,i
4U2
1
2
3
Vs
971,8
873«
107"4
87*4
971,8
8SI4
10S34
88l2
104bi 105
81
8538
9212 93
9212 U33s
91*8 9212
671,1
IOH 4 10 2 3 4
98
9812
9412 9512
99 100
7212 79*2
10212 105U
10012 101
925g 9312
11878 12112
1187.8 1213,8
1187.8 12 U2
917.8 957g
921.1 05*8
917g 96
1 193.8 1233,1
9U8 96*a
118*4 133
893,, <J6
8SI4 89*8
UKIU 101
031*102
913.1 <16
9 Hi 95*8
9534 97
91
96*2
96M 97*2
71*8 7814
84 7g 112*2
82
83's
15312 159
98*2 1007g
92b* 923.,
101 J01*s
10312 101*4
84 b, 913.,
9184 9312
1)4 97
77
82I2
903., 9234
95
97*2
933.1 9 1
100*8 10U2
97 100
97*2 98M
102'8 1027g
9034 933g
87b* 8834
9412 09
94
9112
9412 9412
1007g 102
87*2 00
50
60
10334 105
10H 4 104*8
101*8 104
997g 101
10218 103IS
03
U514
0612 03
90
0U8
1083.1 116
8212 8212
82
103
100
82
103
101
100 10()7g
l)87s 10012
101 10312
97*4 10()12
104*8 105
M IS C E L L A N E O U S B O N D S— C o n clu d ed .
A lisccllancous
Coal & iron
86
881g
87
87
8712 87
A d am s E x coll t r g 4 s --------1948
97 ____ 97 F e b ’l l
B ufI & S u sq Iro n s f 5 s____1932 J - D
91*8 92U
92
92 S ale 917S
A rm o u r & Co 1st real e st 4 Ms '30
88 ____ 91 N o v ’l l
D e b e n tu re 5 s___________ a l9 2 6 M -S
89bt 92
OOb,
OOU S ale 90*4
1 100 10038 B u sh T e rm in a l 1st 4 s ______ 1952
100'g
Col F & I Co g en s f g 5s____ 1043 F -A
99*2____ 100's
98
99
0712
____971;
C onsol 5 s________________ 1955
97*2
1073.1 10734
Col F u el g en 6 s__________ 1919 M-N 1063.1 108*2 10734 J a n ’12
110 130
130
128 S ale 125
C hino C o p p er 1st co n v 6 s . .1 9 2 1
7612 " 3 2 7212 77
Col In d u s 1 st & coll 5s g u ._ 1 9 3 4 F-A 76*2 S ale 75
16 J ’n o 'l l
C o m sto ck T u n n e l Inc 4 s ___ 1919
85 J ’n c 'l l
C ons In d C oal Me 1st 5 s __ 1935 J - D
9318 N o v 'l l
____ 92
Irrig a tio n W k s & I) of A 4 Ms ’43
91 D e c ’l l
C ons Coal of M d 1st & re t 5s 1950 J-D
03*4 70
«778
65 S ale 033.1
I n t M ercan M arin e 4 M s___ 1922
94 . . . 102*8 A p r '06
G r R Iv C oal & C 1st g 6 s ..h l9 1 9 A-O
7Q34 82I4
8 1 3.)
to S ale 80
973,1 9S12 I n t N a v ig a tio n 1st s f 5 s __ 1929
98i2 A p r ’12
K a n & I t C 4 C 1st s f g 5 s . 1951 J - J ____98*2
80
A
p
r
'11
Mgc
B
o
n
d
(N
Y)
s
cr
2
-4
s___
1966
887s " l 2 8U 2 887s
PocaU C on C ollier 1st s f 5 s . 1957 J - J
8878 S ale 8812
9112
N
o
v
11
8912 807s
M orris & Co 1st s f 4 M s____1939
26 793., 81
S t L R o c k M t & P 1st 5 s . . . 1955 J - J
81 S ale 83*8
84
84
8512
81 A p r '12
____ 85
9 10218 10378 N Y D ock 5 0 -y r 1 st g 4 s ___1951
1037s
T c n n C oal g en 5 s __________ 1951 J - J 1021,8 10312 103%
1 0 0 % ... 102 A p r 'l l
7 1031; 1041g N lag F alls P o w 1st 5 s ........... 1932
IJtrm D lv 1st consol 6 s . .1 9 1 7 J - J 103i2 S ale 10312 104
R efu n d in g & g en 6 s____ «1932
103 101
T c n n D lv 1st g 6 s______ «1917 A-O 103 i 2 106 104 A p r '1
*91 ____
O n ta rio T ra n sm is sio n 5 s___ 1945
110 J a n ' t
C ah C M Co 1st g u g 6 s . .1 9 2 2 J-D ____110
92*s 9414
0 l*s
937s Sale 937,8
P u b S erv C orp N J g en 5 s . .1 9 5 9
U ta h F u e l 1st g 5s.................. 1931 M -S
87 ____ 1001; Sep '05
S t J o s S tk Y d s g 4 M s_______1930
8714 M a y ’ll
V ic to r F u e l 1 s t s f 5 s.............1953 J - J ____ 80
. . . . 1027s 103 *
103
M
c
h
’12
*10212
____
W
ash
W
a
te
r
P
o
w
1
st
5
s
___
1939
96
A'
'
M
-S
96 " 981;
9512 97
V a I r o n C oal & C oke l s t g 5 sl0 4 0
•N o price Friday; la test bid and asked a D u c J a n d D u oA p rll eD u e M ay D u c J u n ’j b D m J u ly ft Due Aug oD uc O c t d D u c N o v qD uc D ec sO p tlon salo
0
CHICAGO STOCrC EXCHANGE—Stock Record—Daily, Weekly and Yearly
STO C K S— H IC H E S T
Saturday
A p r il 13
*170
*i2
♦___
*30
*90
*90
84
*8%
434
M onday
A p r il 15
190
*170
1
*%
2 *___
40
*30
92
*90
98
*93
34
34
91
* 8%
434 *434
*18
20
*49% 50
t)
9
♦40
50
* Is
49
9
*40
283g
110
*350
*130
*57
*102
*145
40
30
111%
375
135
59
104
140
60
29%
111%
*350
*130
*55
*100
*141%
49
85
85
£5
*48
*48
50
*1
1% *1
*0
*0
8
48% 481; *47
AND
'i uesday
A p r il 10
190
*170
+%
1
2 *_
40
*30
92
*90
98
*94
34% 34%
m* 8%
5%
6%
LOW EST
W ednesday
A p r il 17
190
*170
*12
*___
40
*30
93
*90
98
*95
34%
3412
91914
51.i
6%
1
2
190
1
2
40
93
98
35v
9%
5%
26
*18
20
49
49% 49%
9%
9
91834 9
60
48
*40
48 " *40
35
117
375
135
59
102%
145%
51%
32%
115
*350
*130
*55
*102
145%
80%
85
60
60
*48
1% *1
*0
8
48
48
33
110
*350
*130
59
57
10212
104
145% 1451.1
52
50
35
117
86%
*195 198
144% 144-
193 193
*141% 147
151., 15%
*108 109
100% 100%
02% 63
110 n o
60
*47
4
3
201.,
20
♦ 148 150
♦ 127 129
*103 105
*115 117
*108 108%
15734 158%
123% 123%
104 104%
*205 272%
*10S34 109%
1
*%
6934 70%
*11
12%
108 10s;
100% 100%
03
03
. _ ___
*47
50
3% 31
20% 201.1
*148 150
*127 129
*103 101
*115 117
108% 10S%
157% 10 i
123% 124%
104 101%
:-205 275
109 109
%
%
70
713.
*12
12%
*108 108%
+100% 101
63
03%
117% 1171.
♦45
50
3
33
18
20%
*151 152
.‘12-/ 129
104 104
*115 117
*108% 109
102% 1647*
124 124
104 1041.
+205 270
*109 109%
7
7H
71% 717*
*10
12%
5714
1020
1453'
50 '
84?a 85
60
*48
lt£ *1
8
*0
48
*48
*193 198
*140% 147
3 tf.)
1107.
50
I'S
8
491
SALE
P R IC E S .
Ttiu rsia y
A p r il 18
Lflst
Last
Las!
Last
Last
Sale
Sal
Sal
Salt
Sale
F rid a 7
A p r il 19
190
ig
1
35%
92
Sales
o f the
Wee t
S/iares
A pr’l l
J a n ’l
J a n ’12
A pr’12
Mcil’ 12
25
902
215
98
95
95
36% 3534 '34*31 *3*5%
1034 10%
934 11
5I2 51_
Last Sals ,j
D ec’l l
Last Sale 19
A pr’12
*48
51
*48
51
834 87g
*8!2 9
Last Sale 16
A pr’12
31
115
34l4 327g 331?
11512 llOlg llOlg
Last Sale 335 Mch’12
Last Sale 130 F eb ’12
*55
59
*55
59
►102% 10i
10212 103
*140 14‘jl
140 1461s
*50
52 ' *50
52
Last Sal. 17
Apr'12
8434 843.
F eb ’ 12
Mch’12
N o v 'll
48% 481
48
4814
Last S a il 145 Mch'12
190 195 *190 195 *190 195
14512 14512 14014 14614
15
Last Sale /8
J a n '11
‘108 10J
108% 108% 10834 1083.1
100?8 1007. 101 10112 101 % 10 Hg
63
63
*0‘3
0312 ♦03
0312
117 118
*45
50
Last Sale 50
A u g 'll
*3
4
3
3
2
212
13
10
13
14
1212 13
Last Sale 150i2 Apr’12
Last Sale 129 Mch’12
*101 107
105 105
110 118
Last Sale 116 A pr’12
*1081.i 109
10834 109
108% 10S%
162% 104
10234 1037s 103 1033i
*12334 12 41_ 124% 12 412
104% 104% 10414 1043s Idilg 104%
270 270 *260 270 *200 270
109 1091.1 *10834 10912 +1083.1 10912
*34
3.1
7.
v8
0<JS4 70% 71
7H 2 70f2 *7*1%
*11
1212
Last Sale 12
A pr’12
Last Sale
Last Sale
Last Sale 0%
100
455
P ric e
F rida y
A p r il 19
Week's
Range or
Last Sale
Il'ds
Sold
Range
lor
Year 1912
IjOW
High
A m er S tra w b ’d 1st 0 s . 10 11 F - A
A rm o u r fit Co 4 H S ___1039 J - D tJ214
92%
B ooth F is h Co D cb G 5 s’17 J __* 91% 92%
100
D eb g 5 s __________ 1924 J 100
__
S in k F d D cbOs tr r c e . . A - O
C a lu m e t fit S o u th C hicago
R y 1st 5 s __________ 1927 F
{983g 987g
__
Cass A v & F G (S t E) 5s ’12 J
___ ___ 101 % O ct’09 __
...................
C hic B o ard of T ra d e 4sl927 J
t 97
98% 100 May’07
C hicago C ity U y 5s___1027 F
t IO2.34 S ale
1027S 23 102% 103
102%
Chic Consol l i r fit M lt 0s___ J
___ ___ 103
A pr’Oi __
Chic Consol T ra c 4 H s 1939 J - L __ _ ___
50
A pr’00
Chic A u d ito riu m Is t5 s l9 2 0 F - A t 90
94
98-% J a n ’Ot
C hicago E lev R y 5 s . .1911 J {9814 98%
*97% *99*
Chic J c l i l t 1st Al g 5 s . 194 j i l 9412
.1”
Ohio N o S hore E lec Cs.1912 A • O
87
__
Chic P ile l'ool 1st 5 s .a l9 2 1 J : 93
95
93%
25 *92** *95*
Chic R y 5s____________1927 F - A 1007g Sale 1007g
31
997g 101%
Cltlc R ys 5s ..s e r ie s “ A A - L
907g S ale
9034
24
90
97
Chic I ly 4 s ..s e r ie s "A * A - O
96%
90% 973g
Ohio R ys 4 s__series “ B ” J - D
90% S ale
90%
8
90% 91%
Ohio R ys 4s ..s e r ie s "C 1 F - A {94i 2 — .
95
933.1 95%
Chic liy s coll 0s ._ .l O l .i F - A
100
100 100
OlUc liy s F u n d 0 s . .1013 F * A
Jan 11
100
Chic liy s T e m C tfs 1st 5s
100
D ec’l l
Chic I ly P r m Al g 4 s .c ’27 j " - ' j { - - - . 81l2 81U A pr’12
*77% *85**
C hic R y A d J In c 4 s c l0 2 7 A layl
67 S ale
57
13
57
43
00
Clllc It 1 * P l i t i 4 s . .2 0 0 2 Al • A
...................
O ollat tr u s t g 5s___101b Al •
{
1021.1
Sale
.1
•
L
Chic T e lep h o n e 5 S ....1 9 2 3
102%
30 102% 103%
9078 Alch’12 -- -- 907g 91%
Chi C lty & e o n R y s 5 s _ d l9 2 7 A - O { 893g 90%
{ 993g S ale
C icero G as Co ref GAI 1932 J 13
99
—*
973g 993g
C om uioinv-K dtson 5 s . 1943 il {103% Sale 10312
27 102% 103%
C hic E dison d e b 0 s . 1913 J - J
1007g N ov'10
1st g 5s____ J u ly 1920 A - O
100
F c b 'll
D e b e n tu re 5s___ 1920
100% Aug'09
)1 C om iiionw E lect 5*61943 -1 {103% 10312 1033g A pr’12 __ 102% 10334
C u d a h y P a c k lstM 5 s_ 1 0 2 4 At - N {lOOOa 10034 100% A pr’12 __
9973 1003.,
D la M atc h Con d b 0 s .. 1920
{109 11014 110% A pr’12 — 107 110%
Illinois T u n n e l 5s____ iu2a r : \ :
80
D ee’08
K an C ity l i y ft L ig h t
Co 5 3 .........
1913 n - n ( 94i4 Sale
6 94%
94%
94%
94%
K n lck ’b’k e r Ice 1st 5s 192s A • O
100 A liy’ 11
L a k e S t E l— 1st 5s___1928 J . j ( *89* 90* '
88% A pr’12
87%
88
%
In co m e 5 s . ___
19 2 .. Feb
10 Alay’05
M c tr W S ide El 1st 4s 1938 F - A {84% *8*5”
85
85
7 8434 8534
E x ten sio n g 4s____ 1938
J 827g S ale
82.%
827g
9 82
83
M o rrli fit Co. ' - A ____ 1939 J - J { 89% 90
2
89%
897g
89% 90%
N ortn West El 1st 4 s . . 1911 Al - 8
100 J u ly ’l l
N W G I, & C oke Co 5s 1928 Q - Al
99*4 1*00% 9973 Mch’12 __
9934 100
O g d en G as 5s________ 1945 W - i\
90
07
5 953.1 90%
96
90
P e a rs o n s -T a ft 5s-------- 1910 J - L)
0 8 % ___ 100% AIeh’09
M- S
95
90% Mch’10
00
4.00s S eries E --------------- M - N
97
Fcb’10
4.80s Series F __________ Al - IN 97 %
08% Nov’ l l : : : :
A
O
P c o G as L & C 1st 6 s . 1943
118% J a n ’12
11*8% 118%
R efu n d in g g 5s------ 1947 A l- S {10178 102'% 1017g
1017g
2 1017S 102%
C hic G as LfitC 1st 5S1937 J - J { 1033g 104
103% A pr’ 1: — 103% 10:J1|
C onsum G as 1st 5 s . 1930 J - D {102 102% 103
J a a ’12 — 102% 103
M ut’l F uel G as I s t5 s l9 l7 ,\1 - N {10O14 101% 101% J a n ’12 — 101 % 101 %
S o u th S ide E lev 4 ^ 3 -1 0 2 4 J - J { 913, 95% 95
95
10
95
90%
S w ift & Co 1st g 5 s . ..1 9 1 4 J - J {100% 101
100% M ch’12 — 100% 10034
85H
U n io n El (Loop) 5 s . .1 9 4 5 A * O {80
85
85
35
89
U n ite d B o x B oard col Os’20
70 A pr” 10
G eneral m tg e O s.______
00 M ob'll
W e ste rn E lec Co 5 s . . 1022 I - J {1023., 103% 103
Mch’12 — 102% 103
N o te . — A ccrued In te re st m u s t be a d d e d to all C h ic ag o b on;l prices.
Lowest.
,
R a ilro a d s
C h icag o C ity K y _____ 100
C h icag o & O a k P a r k 100
D o p r e f ------------------ 100
C h icago E lc v R y s coni
D o p r e f ______
""
C hic R y s p a r t c tf “ i ’"
C hic R y s p a r t c tf ” 2 ”
Clllc R y s p a r t c tf ’’3 ” *
C hic R y s p a r t c tf ‘’4 ’’. . I
C h icag o S u b w a y
_ 106
K a n s a s C ity R y & L t.1 0 0
D o p r e f ------------------ 100
S tre e ts W S ta b le C L 100
D o p r e f .......... ............ 100
Range jo r Previous
Year 1911
1912
lllq>ieil
M ch 11
A pr 3
M ch 28
J a u 30
20i2 J a n
50i2 J a n 19
ID s A p r 10
40 A p r 10
1S5 J a n
1% J 'n e
3 J ’ne
21 J ’ly
85 J ’ly
80 A p r
2034 M ay
8 Alay
4 !2 Mcll
% N ov
15 S ep
39 S ep
7 D ec
33 N o v
lU 2 J a n 2
91 F e b 1
325 F e b 1
131 J a n 15
47 M ch 19
100 F e b
139 J a n 11
39 M ch 14
43i2 F e b 28
77 M ch 14
35 A p r 15
in
A p r lb
335 Mch 20
133 F e b 0
59 A p r 11
1041s J a n 18
1487g Aleh 17
52 A p r 10
50 J a n 9
88 J a n 15
9 Jan
70?g J a n
165 J a n
126i2 Mch
48 N ov
10012 Sep
131% A ug
35 A p r
30 J ’ne
60 S ep
ig J a n 29
ig J a n
1 J a n 29
1 Jan
32 M ch 19 38 J a n
91 J a n
93X4 J a n
93 A p r 4 1043g J a n
33ig M ch
38 J a n
9 M ch 2
11 J a n
57s J a n
4i 2 M ch 11
19
49
6
35
49
1
Feb 9
M ch 11
60
1
29
29
22
20
13
9
12
13
F e b 26
M ch a
44 Aleh 15 51 M ch 2
137% J a n
145 M ch 9
181 J a n
I98i4 J a n 9
13514 J a n 4 150 M ch 7
10 F e b 13
lo M ch 27
100 J a n
i l l s / F o b 's
100% M ch 22 10212 M ch 8
50 J a n 9 6312 M ch 4
100 F e b 14 118 A p r 17
2 M ch 15
11 M ch 15
143i2 J a n 15
120 J a n 15
103 M ch 5
115 F e b 10
103i2 J a n 2
140 J a n 5
12 1 X2 J a n 11
9S3j J a n 2
215 J a n 15
105i2 J a n 2
63 M ch 12
585g F e b 13
10 J a n 17
40i2 J a n 4
92 J a n 0
154 M ch 22
129 M ch 9
112 J a n 3
120 J a n 2
10912 A p r 8
1647g A p r 16
124l2 A p r 18
109i4 A p r 4
275 M ch 27
110 J a n 15
1?3 J a n 18
72% A p r 8
14?gFeb 7
190
A pr
11. J 'n e
0 Aleh
32 D ec
'94 N o v
191 A ug
377. D ec
12 % A ug
71; Aug
0 " Aleh
15 F e b
721 F e b
13 I4 F e b
50 J a n
12U M ay
93 ’ D ee
304 O c t
133 N o v
79 F e b
113 M ay
152l4 J ’ne
5914 Aleh
5734 Aleh
883g D ec
49i 2 A p r
52 F e b
1 J ’ly
l i 4 J ’ne
3 i 2 Mch
7 N ov
39i 2 S ep
65% F e b
115 J a n
14 H4 N o v
151% J a n
180 D ec
113 J a n
137% J ’ly
934 O ct
15% j ’n e
78 J a n
73 J a n
92i2 F e b 11034 N ov
100 Sep
10334 D ec
497g S ep
70 J a n
99i4 S ep
H o Alay
47 J a n
50ig A ug
38i2 N ov
0/ Jan
90 “ O ct
98 F e b
117i4 J a n
142% D ec
123 J a n
130 M ch
100 A ug 120 Aleh
117 S ep
120 Aleh
101 Sep
108% J a n
19234 J a n
12334 S ep
110 Sep
122 Aleh
9734 S ep
104 J ’n e
165 Mch 212 D ec
102 % F e b
10712 J ’Jy
1 D ec
7 J a il
SOU Oer
817g F e b
13 D ec
25 J a n
Chicago Banks and Trust Companies
N o.
j*-*j
Range lor Y ear
M iscellan eo u s
4,395 A m erican C a n ______ 100
1,115
D o p r e f .......... ............ 100
A m erican R a d ia to r 100
Do p r e f _______
100
05 A in e r S h ip b u ild in g ., 100
24
D o p r e f___________ 100
75 A m er T c le p & T e le g ____
690 B o o th F ish e rie s c o m l l .
V o tin g t r u s t c t f _____
D o 1 st p r e f _________
D o 2 d p r e f __________
C al & Clllc C an al & D .10 0
C hic I3rew’g & M a lt’g ____
D o p r e f ______________
C hic P n e u m a tic T o o l . 166
C h icago T e le p h o n e .. 100
10 C h icago T itle fit T r u s t . 100
70 C o m m o n w ’th - E d ls o n . 100
100 C orn P ro d li e f Co c o m . . .
Do
do
p re f
72 D iam o n d M atc h . 166
287 H a r t S h a irn c r & M arx p f .
820 Illin o is B ric k _________ 106
205 I n t e r n a t H a r v e s te r C o . .
M aso n ic T e m p le
*"
545 M cC ru m -H o w ell C o " 1 166
482
D o p r e f _______________
N a tio n a l B is c u it___I I 166
Do p r e f _________ IIlO O
55 N a tio n a l C a r b o n .
100
Do p r e f __________ 1 100
227 P e o p le ’s G as LfitC oke.lO O
10,305 S e a rs -llo e b u c k c o m . . 100
300
D o p r e f ....................... 100
800 S w ift fit C o____________100
87 T h e Q u a k e r O a ts Co__100
47
Do p r e f ___________ 100
564 U n it B o x lid fit P C o .100
1,725 U n ite d S ta te s S tee l c o m .
W e ste rn S to n e ______ 100
Chicago Rond Record
BONDS
C H IC A G O S T O C K
EXCHANGE
E W eek e n d in g A p r i l 19
STO C K S
C H IC A G O S T O C K
EXCHANGE
N AM E
Outstand
ing
Stock
(f)
American S ta te __________
C a lu m e t N a t i o n a l . . _
C hicago C it y ___________
C o n tl’ta l f t C om m N a t .
C o rn E x c h a n g e N a tio n a l
Douglas S ta t e .__________
D rex cl S t a t e ___________
D ro v e rs ’ D ep N a tio n a l.
E n g lew o o d S t a t e ____
F ir s t N a tio n a l______
F ir s t N a t E n g le w o o d .
F o re m a n B ros B ’k ’g C o .
F o r t D e a rb o rn N atio n al
H ib e rn ia n B ’k ’g A ss’n . .
K a s p a r S ta t e B a n k ____
Lake View S ta te _________
L a S alle S t N a tio n a l___
L iv e S to c k E x c h ’gc N a t
N a t B a n k of R e p u b l ic ..
N a tio n a l C it y __________
N a tio n a l P r o d u c e _____
N o rth A v e n u e S t a t e ___
N o rth S id e S ta te S a v 'g s
N o rth W e st S t a t e _____
P e o p le ’s S tk Y d s S t a t e .
w P r a ir ie S t a t e _________
Second S e c u r i t y . . __ ___
. S e c u r i ty _______ _____ _
S o u th C h icag o S a v in g s .
S o u th S id e S t a t e ____
S ta te B a n k of C h ic a g o .
S to c k Y a rd s S a v i n g s ..
U nion B a n k of C h icag o
W a sh in g to n P a r k N a t’i
W endell S t a t e _____
w C e n tra l T r Co of- I I I I I
C h icag o S a v B k & T r .
C hicago T itle fio T r u s t .
C itizen s T r u s t & S av in g s
C olonial T r u s t & S a v in g
C o a t & C o m m T r fie Sav
D ro v ers’T ru stficS av in g s
F irs t T r u s t & S a v in g s .
F t.D e a r b o r n T rfiiS av Bk
F r a n k lin Trfit S a v B an k
G reenebauinS o.-isB kfi: 1 r
G u a ra n te e T r u s t & S a v .
H a rris T r u s t ft S a v in g s .
Home B ank fit T ru s t___
Illin o is T r u s t 6: S av in g s
K en w o o d T r u s t fit S av g s
L a k e View T ru s t& S a v g s
M e rc h a n ts ’ L o a n fieT r Co
A llchigan A v e T r C o ___ 1
A lld-C lty T r ft S av B k . '
N o r th e r n T r u s t C o ____
N o r th -W e s te rn T rfiiS av
Old Colony T r fit Sav Bank
P e o p le ’s T r fit S av B k . .
P u llm a n T r u s t fit S a v g s .
S h e rid a n T r fit S av B a n k
S ta n d a r d T r fit S a v in g s .
S to c k m e n ’s T r u s t fit S av
U n io n T r u s t C o _______
W e st S id e T r& S a v B a n k
W o o d law n T rfitS av B an k
S200.000
100,000
500,000
21,500,000
3,000,000
200. 00v
200,000
600,000
200,000
10, 000.000
150,000
1 , 000,000
2, 000,000
1.500,000
400.000
200,000
1 . 000,000
1,250,000
2, 000,000
2 , 000,000
250,000
200,000
50,000
200,000
300.000
500,000
200,000
400,000
200. 00O
200,000
1,500,000
250,000
500,000
100.000
50,000
3,500,000
1 ,000.000
5,000,000
50,000
000,000
3,000,000
200,000
5,000,000
250.000
200,000
1,509,000
200,000
1.500,000
300,000
5,000,000
200,000
200,000
3,0Cf0.000
200,000
500,000
1,500,000
250,000
200,000
500,000
300,000
200.000
1 ,000.000
200,000
1 , 200,000
400,000
200,000
Surplus
amt
P ro jils
(t)
D im d ena
In
1910
In
1911
/ ecord
Per
iod
Last P a id .
%
$168,436 Org. A prll 3 1911 V.92, p.1001
48.5S1
0
0
278,161
10
10
J-J Jan ' l : , 7
9,173,470 _ _
10
Q-J Meh30 12 2%
5,932,907
10
16
Q-J Apr ’12, 4 “
1,131 Beg. b ue May 31 1 l. V.92.pl538
65,034
8
0
Q-J Apr '12, lb.
460,389
10
10
Q-J Apr '12. 212
53,564
0
6 % Q-J Apr '12, 2
11,789,514
12
12
Q-Al Mch '12 4% v
203.1OS 10
12
Q-Al .Mch3F12 21o
536,917
Prlv ate Ba ak
037,830
8
8
Apr 12 , 2
1,335,092 8 + 2
Q-J
(I)
fll
132,123 10 + 15
10
J-J D ec3 0 'll, 5
15,441 Beg. D ue Apr 3 11 V.92,p. 1004
287,778 Beg. b us. Ala y '10 V.90, p. 1277
511,822
10
Q-Al McMOT 1,21 •>
10
1,371,085
8
8
Q-J Mch30’12,2
587,504
6
6
Q-J A prj '12, 1197,958
4
6
Q-J
72,250
7
Q-J Apr '12. 134
0A
36,939
6
6
Q-J Apr '12. 1 %
4
32,304
5
Q-J Apr '12, 1 %
145,992
7
9 A Q-J i in ' 12 , 2%
09,669
6
6
Q-Al A pr '12, 11 3,557 Beg. b U3.NOV l ’l l V.93, p.1235
Q-J Apr ' 12 , 1 %
141,540
sG
4H
104,000
8
Q-J Apr ’12, 2
7A
15,345
0
0
Q-J A pr '12. 1 %
12
12
Q-J Apr '1 2 ,3
2,194,591
Q-.U Mch 30'11, 2
203,337
8
8
.11-N a o v ' 1 1 , 3
142,820
6
6
u9,820
0
6
Q-J Apr ’12. 11 19,678 None None Q-Al Dec31’03,llo
1,524,579
Q-J Apr '12. 2 "
8
7A
231,115
0
6
Q-J
<2,031,511
8
7 Pi
Q-J
18,004
0
10
Q-J A pr '12, 3
490,855 8 + 2
8+2
Q-J Apr '12, 2%
1,222,180
159,583
8
3 A Q-J
1,521,907
12
16
y-M Dec30‘ 1 1 , 4
11,913 Beg. b US. Ape 3’ 11 V. 92, p. 929
59,000 Beg. b us. Apr 3 ’ 12 V.94,p, 1030.
__
91,486
Q-J Apr 12, 2%
31,222
J-J Ja n '12, 3
2,003,214 11 + 5
12
Q-J
00,138 Beg. b US Api l v ’l 1 V.92. p.1004
9,378,090 10 + 4 10 + 4
q
75,440 .’ + 1%
7
Q-J Mch30’l l 134
59,287
5%
0
Q-J
0,492,219
12
15
Q-J Apr '12; 4
59,982 Beg. b us. Oct 29 J 0 V 91,p,1221
70,665 Com. b US. Ap rlX) ' 11V92 pl004
2,661,097
l+J M ch30'11; 2
8
8
117,744
J-J J a n '12. 4
8
6
50,000 Beg. b us J ’ne 1 11 V.92,p. 1537
161,270
Q-J Apr '12. 2
273,729
8
8
Q-J
32,502 Beg. b us. J'ly 12 '0 i V.89,p.141
334,008 Comm euced bus. Sept 61910
45,455
6
5A
J-J
1,428,925 t 8 + 2
8 + 2 Q-Al AIchiO'11,2
6
59,647
8 + 2 Q-M Apr '12, 2
81,200
7H
9 A Q-J Apr '1 2 , 2%
BOSTON STOCK EXCHANGE—Stock Record, Daily, Weekly and Yearly
SHARK
Saturday
A p r il 13.
P R IC E S — N O T
M ond ay
A p r il 15,
PER
Tuesday
A p r il 16.
CENTUM
Wednesday
A p r il 17.
P R IC E S
Frida y
A p r il 19
Thursday
A p r il 18
10S-% 1033s *1081; 10S12
Last Sale 103% A pr’12
*103% 1033;
218 218
218 218
12812 129 *129 131
East Sale 212 A pr’12
*___ 211
100 IOOI4
100 100
A pr’12
Last Sale
*298 300
J a n ’12
Last Sale
*13
15
Last Sate 771* Feb'12
*7612 8114
Last Sale 123s J a n ’12
___
1012
*50
*50
...
Last Sale 167 Mch’12
107 169
:___ 112 * ___ 112
271 271
125 125
125 125
. . 125
* ___ 125
125 125
iA s t Sale 12512 Apr’12
* 1 2 5 % ----- 123% . . . . *12312 12712 >123% -----*8512 SO!; *SS34 80i2
*8612 87
8612 8612 *8612 87
Last Sale 143 Mch’12
143 145
*142 144 *142 144 *142 144
21
21
21 * ___
20-% 2034 *2014 2H4 *201‘> 21
*81
81%
81
8134 81
8112 8112 S ll 2 813.| 81
138 13814
138 13812 137 1371 137 13712 13712 138
Last Sale 14012Mch’l
Last Sale 21312 J a n ’12
183% 18312 ___ 183
*18312 185 *18312 185 *18312 185
63l4 67
02
63
61
61
*00
62
60
60
17Hs 1711s 1713s 17234
17133 17134 17034 172% 1713g 174
Last Sale
Mch’12
9112 *9114 91l2
*91
9U 2 *9U 4 9U 2 *91
Last Sale
Mch’12
841
*84
8412 *84
*83. 84
83
84
* ___
84
<___ 101t2 ■_____ 10 U 2
10112 10 U 2 K___ 1011 ;
* ___ 10 U 2
* lOSla 1081 >103% 1087; lOSIg 109
*10312 103^4 *103% 1037s *10312 1037g
216 21614 216 216
*210 220
13 U.t 13U2 131 13114 12912 130
1___ 213
>211 215
*
____________215
*9912 100*2 IOOI3 10012 100 100
*298 300 *298 300 *298 300
*13
15
*13
15
*13
15
*761'' 81% *7612 8 H4 *7612 8 H4
*
____________
1012 1012
—
1012 i___
53
53
*50 . . .
*50
...
*167 169 *107 169 *167 189
. . 112
11212 11212
* ____112%
CO
60
10014 1001;
*378 4%
111 -. lH
6033 60%
100
60!;
6014
10012 100 % 1001
4
4
4
141; *14
127
120 128
127 127
12U-' 122 *121% 122% 122
115 145% 14434 145% 145
601
6012 0012 60
100;% 1 U012 100% 100-%
33; 4
33; 4
4
14
1412 14
141; *14
127% 128
128 “127 128
1223s 12112 1221 ; 122 122
14534 145% 14578 145% 146
9U3; 91
91
91
90% y i
*77
79
79
79
79
79
103 103 *103 104 *103 104
7% *738 8
73s
7% 7115% 15*2 *15!' 16
15% 15
141
14% 14
1-1% 14
14
2843; 285
287 288 s28 5 285
1701; 172
16JU 1691- 109 171
90
90
92 U 290% 901*92
96
97
97
97
97
97
*217 221 *217 221 *217 221
*31;
4
4
*31;
4
*31;
102 102
102 102
*102 105
*102 105 *100 105 *100 105
*159% 160% 100 160% 160 16012
___ *93
...
*93
*93
I 6OI0 161
101 161
100% 161
*16
___
17
17
17
17
104 1013s 104 1043S 104 10412
31
31
30
301g *30U 31
*29
2912 291o 2912 ■2912 291;
3
23; 3
3*4
314 33S
1833S 1S338 184 185
*1833S 184
51
51
5012 50% 50% 51
29
29
29
2834 233; 29
71-%
6912 701g 69l2 7134 70
112 % 1133; 112 t4 U25S 113 113
uo
*7 7
104
P A T R IO T S
DA Y —
EX
CHANGE
CLO SED.
Last Sale
91% 91% 91%
79
*77
79
101
103 103
7
*7^3 8
*15% 16
*15% 16
14% * 1-1 . . .
14
283 285
“281 286
17078 1707S
170 170
90
90% 90% 90
96
96
97
97
Last Sale
‘219 221
A pr’12
4
Last Sale 3
*31;
A pr’12
102 102
'102 104
Last Sale 101% Apr’12
<100 105
160% 1601 158-3; 158-%
Last Sale 90
*93
Mch’12
160% 161
161 161
17
16% 16% 17
10334 104% 104 1041
31% 313;
31% —
*30-3; 31
30% 31
3
3%
3%
3
185% 1861
184 185
52
51% 52
29% 29% 29%
29
6978 7i>% 7078 7178
112 -% 112 % >112% 113
Sales
o f the
Week
Shares
S TO C K S
B O ST O N S T O C K
EXCHANGE
R a ilro a d s
A tch T o p He S a n ta F e .lO o
Do
p r e f . . . ______ 100
162 B o sto n & A lb a n y ____ 100
329 B o sto n E l e v a t e d . . . . . 1 0 0
B o sto n & L o w ell_____ 100
B o sto n He M ain e_____ 100
B o sto n He l ’ro v id e n o o .1 0 0
B o sto n S u b u r b a n El C o s.
Do
p re f_____________
B o sto n & W o re E lec C o s.
Do
p re f_____________
C hic J u n o Ily * .U SY .1 0 0
D o p ref
C o n n e c tic u t R iv e r ___100
F itc h b u rg , p re f_______ 100
G a R y & E lec s tm p d .1 0 0
Do
p r e f __________100
•laln e C e n tr a l________100
200 Mass E le c tric C o s____ 100
Do p ref S t a m p e d . 100
11
413 N Y N H & H a r t f o r d . 100
N o rth e rn N I I _______ 100
N orw ich & W o r p re f.1 0 0
8 Old C o lo n y __________ 100
449 R u tla n d p re f_________100
900 U n io n i ’ac lflc____. . . 1 0 0
Do
p r o ;__________ 100
V erm o n t & M ass____ 100
W est E n d S t_______ _ 50
Do
p re f___________ 50
Range since January
O n basis 0/ 100-share
Highest.
6-%
9
714
45!;
831;
26-%
6 !;
.52
73;
41_
8%
07s
9
7%
47
84%
267s
6%
.55
7%
47S
9
9%
7
07S 71|
48% 491o
47
82% 83% 83 “
26% 26?s 263;
6
61;
6
% * .50
%
7%
7% 8%
478
4% 51;
8%
107S
.7%
50
84%
27
6%
,55
M iscellan eo u s
68% F e b 28
\m e r A g rlcu l C h c m _100
Dp re f__________ 100 100 A p r 11
3% M ch 13
Amor P u c u S e r v ic e .. 50
14 M ch 26
Do
p r e f ___________ 50
A m cr S u g a r K e lin ___ 100 11434 J a n 10
Do p r e f __________ 100 115% J a n 1
A m cr T e U p <Ss ie le g .1 0 0 137% J a n 2
25 J a n 31
A m er c a n W o o len ____100
86 F e b 5
Do
p re f__________ 100
384
77 J a n 3
32 A m o sk cag M an u factu rin g
Do p re f____________ _ 100 J a n 2
29
7 Jan 4
352 A tl G ulf & W I SS L.iO O
15 M ch 15
Do p r e f__________ 100
130
10% J a n 2
1,323 E a st B o sto n L a n d ____ 10
231 E dison E lec I liu m ___ 100 z283 A p r 15
252 G eneral E le c tric _____ 100 155 J a n 2
90 A p r 18
308 M assa ch u setts G as CoslOO
93% J a n 6
Do
p .e f .....................100
177
M erg en th aler L in o ___100 218 F e b
2% M ch 14
M exican T e le p h o n e .. 10
N E C o tto n Y a r n ____ 100 102 M ch 20
Do
p r e f______ . . . 1 0 0 zl03% J a n 15
N E T e le p h o n e _______100 152 J a n ~
72% J a n 17
P o rtla n d (Me) E l e c . .1 0 0
164 P u llm a n C o __________ 100 158 F e b '
1334 J a n
146 Ueeco B u tt o n - H o l e .. 10
98% J a n
365 S w ift & C o ___________ 100
30 F e b 20
552 T o r r la g to n ____________ 25
Do p r o f ___________ 2 '•> 28 J a n
129
1,12 U n io n C o p p er L & M 25 .85 J a n
U n ite d F r u i t _________ 100 178 J a n 29
46% J a n 15
2.11 Un S h o e M ach C o r p . . 25
27% J a n 10
Do p r e f ___________ 25
103
5b% F e b 13
U S S teel C o rp ______ 100
Do p r e f . . . _______100 107% F e b 13
219
592
400
65
53
166
3,780
12,678
1,525
2,296
17,351
3,007
10,042
300
3,965
2,060
Range tor Previous
Year 1911
Lowest.
Highest.
116% J ’ne
1037s F e b 10 110 A p r 8 100% Sep
105 J ’ne
101% J a n 12 104% F eb 7 101 S ep
216 A p r 15 222% A p r 3 210 A pr 226 F e b
130% A ug
128% A p r 17 134% M ch 25 124% S ep
210 A p r 6 218 J a n 4 207 F e b 218 S ep
122% F e b
96l-> O ct
z98% Mch 2 100% J a u 3
298 M ch 22 299% F e b 29 292 Mch 300 M ch
16 M ch
12
S
ep
13
J
a
n
24
13 J a n 24
76% J ’ne
70 O ct
77% F eb 20
75 J a n 25
13 J ’ly
6 Feb
12% J a u 6
12 J a n 6
58 J ’ly
38%
J
a
n
57
J
a
n
8
53 A p r 6
rl6 7 M ch 14 170 J a n 19 156 A p r 171 D ec
108% J a n 2 111 F eb 19 107 Mch 115% J ’ly
272 J 'n e
271 J a n 3 272 J a n 18 265 J a n
125 A p r 12 128 J a n 25 125 A p r 130 J a n
125 A p r i l s i 79 A p r 1 51171 * J a n 3164 O ct
86 F e b
93% J 'n o
91% J a n 6
851•> M ch 21
215 J a u
143 M ch 7 145 F e b 27 135 S ep
24 J ’n e
16
A
p
r
23%
J
a
n
8
20 F e b 8
797s F eb 13 83 F e b 2S
151% F e b
136 F e b 2 142% A p r 2 127% S ep
142 M ch
140% Mch 19 143 J a n 24 139 J a n
214 N o v
211 J a n b 212% J a n 29 210 J a n
183% M ch 29 187 J a n 31 133 M ch 190 N o v
45 D ec
32 J a u
41 J a n 2 70 J a n 24
192% J ’ly
160% F e b 1 174% A p r 9 153% S ep
95% M ay
90 Mch
91 J a n 26 92% F eb 8
164 J a n 5 164 J a n 16 156 Mch 164% Dec
93 M ch
S ep
83 A p r 15 88 % F e b 26
A ug 105 J a n
101% J a n 2 103% M ch 19
M in in g
5% M ch 28
A dventure C o n ___. . . 25
4% J a n '
A lgom ah M in in g _____ 25
381; F eb
25
A
lio
u
ez______
45%
44
60 F eb
A m a lg a m a te d C o p p er 100
82%
8033
24% F e b 15
. 1.1 Z inc L e ad & 3 m . 25
2634
2612
2 Jan ~
A
rizo
n
a
C
o
m
’l
c
tfs
d
ep
So8
6
.40 M ch 9
B o n an za D ev C o____ 10
*.50
.52
6% F e b
B os& C orbC op& SllM g
5
8
034
*7
3% J a il 22
B u ttc -U a la k la v u C o p . 10
5%
438
412
2134 J a n 18
B u tte C o a litio n _____ _ 15
Last Sate 23
19% F e b “
b',95S B u tte & S u p Cop (L td ) 10
’ 3 I ' 31% " j l " 32% ’ 30% 31% 30% 31
311; 32
57% F eb
6,338 C alu m et & A r iz o n a .. 10
73% 743S 73% 743s 73% 74%
7338 7212 74
72
405 F e b
298 C alu m et He H e c la ____25
495 500
495
485 487
485 485
485 485
17% J a n 51
4,905 C e n te n n ia l____________ 25
253.; 25% 27%
24%
231; 23
2 H 2 2112 22
251; F eb 28
1.877 C h ino C o p p e r............... 5
2934 2S34 29% 287s 29% 291; 297s
2812 283; 29
.03
Mell 26
_____
Cons
M
ercur
G
o
ld_____
1
Last Sale .07 A pr’12
.06
.06
.06 *____
.06
*.04
50 J a n 31
2.98S C opper R a n g e Con Co 100
66
64% 65% 60
06
66
63% 6412 63 % 65
5 J a n 19
424
D
aly
-W
e
st____________
20
0
%
63,
6
1
,
6
%
63
4
63;
7
7%
6-3; 634
12% J a il 15
4,027 E a st B u tte Cop M in .. 10
14% 143;
14% 14%
1412 14% 14%
14
1 1 1 ; I 4I4
11% J a n 15
4,082 F r a n k l i n _____________ 25
15
15
15%
15
15
15
143; 1134 1434 15
4% F e b 27
3,000
G
iro
u
x
C
o
n
s
o
lid
a
te
d
.
57
8
5%
6
53;
5l%a 578
512 5% 5910 5 13X8
8,317 G ran b y C o n s o lid a te d -100 33 F e b 5
577s 5978
5478 56% 5534 57
57
56
55% 56%
-7% F e b 29
5.020 G reene C a n a n c a .......... 20
9%
9
7-16
9%
9%
9%8
9%
SU18 912
8*3;o 9
29 J a n 6
3,880 H an co ck C o n so lid a ted 25
36
34% 35
33
33
32
32
3112 323; 32
1 Jan 3
520 H elv e tia C o p p er_____ 25
* 1 % 1%
1
%
13
4
1>2
1%
1
%
4*2
1>2
1>2
11% J a u 10
15,490 In d ia n a M in in g ________25
18% 197g
18% 19
19
15l2 1512 18% 18
*15
18
Feb 6
1,255
In
s
p
ira
tio
n
Consol
C
.
20
19% 19-%
193s 195S 19% 1934 19% 19% 19% 193;
187 Islan d C reek C o al____ 1 40% J a n 17
44
*43% 44%
43% 43% 44
44
4334 44
44
85
J
a n 13
305
Do
p
re
f__________
1
88
88
88
88
88
88% 88
87
L*S6% 871
20% J a n 15
4,655 Isle R o y ale C o p p e r .. 25
29% 29%
2778 28% 2S
2%
27!; 27% 27% 28
2 A pr 9
770 K err L a k e ___________ 5
2%
278
278 278
*2 <s 2 , 3i 6
278 278 2>%8 2 l%g
.80 J a n 2
2,510 K ew eenaw C o p p e r___25
*li%10 2
2
2%
2%
*13; 2
17S 2
32% F eb 1
5,077 c a k e C o p p er C o _____ 25
47% 4734
46
46
401; 47% 46% 47% 467s 48
41* F eb 15
7,815 I,a S alle C o p p e r_____ 25
6%
6
7% 8
6% 8
512 512
512 57s
10?s F eb 8
3,022
M
acon
V
alley
M
in
e
s___5
12
%
121;
12%
12%
12
%
12
12%
12
12 t8 1212
71; F eb 13
1,435 vlass C o n so l___________ 25
9
8%
81;
8
8
8
*712 8
*712 8%
2-% J a u 3
7.020 .M ayflow er____________ 25
17%
17
15% 153; 173;
143; 1512 14% 15% 15
23%
J a il 29
350
Miami
C
o
p
p
e
r____.
.
.
5
*253.;
26%
253.;
25%
26
26
26%
261S 2618 26%
2 Jan 2
287 M ic h ig a n ______________25
5
31;
3
*3% 3%
3
3%
*314 33;
3
50% J a n 30
948 M o h aw k_______________25
67%
65
643; 651;
65
66%
65
63
63
63
181; J a n 29
1,625 N ev ad a C o n s o lid a te d . 5
19% 197S 193; 1978 193; 193;
20
20
19% 20
3% F e b 8
1,960 New A rc a d ia n C o p p er 25
5%
5%
51;
5% 53;
5%
5
6
5% J a n 3
590 N iplsslng M ine.'_____ _ 5
7
15-10
8
8
%
*8
71:Jifl
8*16
8
%
*8
81s
8
22%
F eb
12,28.3
N
o
rth
B
u
tte
................
15
33
33%
3214 33 I4 31% 33% 32% 33% 313; 33%
5% J a n 30
2,740 N o rth L a k e ___________ 25
7% 8
8
63.; 7
7% 734
7% 77$
7
4% J a n ”
2,299
O
JIbw
ay
M
in
in
g
_____
25
6
6
-%
5%
5%
534 53.;
5%
5%
5%
5%
2% J a n
14,555 O ld C o lo n y _________ 25
97S 10%
834 934
9-% 1 1 % 103; 11%
9% 1038
44 J a n 31
2,560 O ld D o m in io n C o____ 25
54-% 56%
53
53% 53% 54% 53% 543;
52
53
106 J a n 15
721
O
s
c
e
o
la
_______________25
119%
121
121
116
115
116
116
113
116
116
15 M ch 27
300 P o n d C reek C o a l ____10
15% 15% 15% 15%
*1518 151; *15% 15% 15% 15%
73% J a n 29
80S Q u in c y ________________ 25
90
89
8678 91
87
87
8512 8512 85
87
16% J a n 29
2,456
R
a
y
Consol
C
o
p
p
e
r
..
10
197S
20
1978
19%
193s 1S78 19%
19% 19%
19
1 J a n 31
23,
1,695 8 a n ta F e G old & C o p . 10
2%
23;
2%
234 234
2%
278
23; 23
9 J a n 31
6,583 S h a n n o n ____________ 10
15% 15% 15%
IH 4 1414 1 1 1 ; 153.,
143; 15% 15
,60 F e b
1,200
S
o
u
th
U
ta
h
M
&
S
___
1
1
%
1
1
%
.99
.99
.99 *1
.99
1%
24 F e b
7,335 S u p e rio r_______________25
37%
36% 36
34
3212 3234 32
333; 32% 34
2% sApr 13
5,275 S u p e r io r * B o sto n M in 10
3% 33,
3%
31;
3
3%
2%s 23io
23g 3%
26 J a n 31
7,890
T
a
m
a
r
a
c
k
____________
25
51
48
473
4
43
30
3478 33% 39
36% 42
5 J a n 15
1,821
T
rin
ity
................................
20
8
8
8
8
8
73;
8
8
8
73;
3% J a n
730 T u o lu m n e C o p p e r __
‘
*3% 334
33;
37S 3 u ;o 3 15io *33; 3 15-16
378 37S
34
J a n 31
2,383
U
S
S
m
elt
Hef
&
M
in
.
50
39%
39%
3914 3914 39
39% 39% 391; 39%
391
47 J a n 10
1,360
D > p r e f .......................50
48% 48%
"
•1812 49
483; 49
4S78 49
48% 49
2% J a n
195 U tah -A p ex M illin g___
234 27S
3
*234 3
3
*234 2 >310
2%
2%
12% A p r
2,727 U ta h C o n s o lid a te d ___
14% 143,
14%
14% 14
15
14
14% 1 -1% 14
52% J a n 29
1,950 U ta h C o p p er C o _____ 10
04%
64% 61
62t2 62% 02
63% 62% 64% 64
4% M ch 21
1,585 V lc .o r ia _______________25
5
5
5
5
434 43;
*43;
478 5%
5% J a il 25
725 W in o n a _______________25
63; 7
7
5% 03;
6% 7
7
7
7
94% J a n 29
805 W o lv e rin e ____________ 20
115 110%
113 1137s 113% 113% 114 117
*112 113
134' J a n
115
W
yanc’
.
o
t
t
____________
25
*
2
%
27S
2
%
*21
"
2
%
2%
21
2*2
2*2
• Bid and w xed p r .c a
a Nuw stoox" e Asa’t paid. o E x -s ta o ; di v. h E c-ri p u ;. a Ex-dl v. ;m 1 r l; its. ^U nstam ped.
7l4 73
7
*03s
44% 4412
8014 8 Hg
263s 2634
53.; 6
.52
.52
7%
*7
4% 412
1
lots
46 S ep
63% M ch 23
99 J a n
105 M ch22
3% A ug
5% J a n 15
12% Aug
17% J a n 16
130-% A p r 6 112 S ep
123 A p r 6 1 1 1 % J a il
149 M ch 25 131% Aug
26i •>Deo
30 M ch 22
85% O ct
94% Mch 23
77% D ec
81% Mch 20
99 Dec
105 Mch 26
7% D ec
9 F e b 14
14% N ov
20 J a n 18
71; J a u
16% J a n 27
300 M ch 27 275 S ep
172% A p r 9 142 S ep
87% .Jan
94 M ch 16
93 D ec
98% F e b 19
225 J a n 18 211 J a n
3 O et
4 J a n 20
105 J a il 18 103 O ct
101
N ov
M
ch
26
107
164 M ch 11 13/ J a u
0234 J ’ly
90 M ch 20
162 J a n 30 153 S ep
17-% A p r 11 z l2 J a n
9734 S ep
109 M ch 27
29 S ep
32 J a n 10
27 M ch
31 A p r 17
% M ay
3% A p r 8
187% M ch 20 /;17S D ec
401; A ug
531; Mch 13
26% S ep
29% M cll2t
50 O ct
73 A p r 8
113% M ch 26 103% Sep
4 Sep
107s A p r 18
2% O ct
/-% Mch
21 Aug
50 A p r 18
4434 Sep
84% A p r 16
19% O ct
28% M ch 15
l-% D ec
078 A p r 2
.55 A p r 11 .30 O ct
334 Aug
9 J a n 16
3
N ov
5% A p r 2
14 A ug
23% J a n 3
33 A p r 8
45 S ep
75 A p r 1
500 A p r 1 360 S ep
8 Aug
27% A p r 18
16-% S ep
30 A p r 11
.09 J a n 19 .03 N ov
46% S ep
66% A p r 11
3 Feb
7% Mch 27
878 A ug
15% A p r 11
5% Aug
16% A p r 1
3% S ep
6u ioA pr 6
26 A ug
59"s A p r 18
5%o O ct
9%a A p r 3
1/ S ep
33 A p r 18
•% S ep
17g A p r 11
51; O ct
197s A p r 18
21 % J a n 21
291; May
45 F e b 21
82% S ep
88% A p r 15
111-. Aug
29% A p r 17
2% O ct
3% F eb 13
1* Nov
2% A p r 17
22 " A ug
49 A p r 10
3 Aug
8 A p r 17
6% A p r
13 % M ch 29
-i% A ug
9% J a n
20 F eb
173; A p r 8
16% S ep
27 A p r 21
11; N ov
5 A p r 18
36 A pr
07% A p r 18
15 Sep
21 M ch 26
61; A p r 10
2 A ug
*0% Dec
8% M ch 25
35 A p r 11
20 S ep
. 8 Mch 27
33; Aug
e0% J a n 11
3% D ec
1 1 % A p r 8 .50 J a u
561; A p r IS
34% S ep
121 A p r 17
81 S ep
16% F eb 10
91 A n r 17
55 S ep
20% A p r 2
12 S ep
34 A p r
31s A p r 0
7 O ct
153; A p r 2
% D ec
11; A p r 3
20 O ct
37% A p r 18
f2% O cr
478 J;tn 13
20 S ep
51 A p r 18
27s O ct
9% A n r 9
134 S ep
4n io Mch 20
3038 S ep
403; A p r 11
451, Aug
49% Mch 28
17s N ov
3 l l io F e b 9
93.; J a n
20% A p r 2
38 S ep
651s A p r 8
1 A ug
578 J a il 20
334 N ov
73; Mch ’
74 N ov
117 A p r 17
;10 N ov
31; M ch ‘
6334 D ec
105% M ch
6% J a n
13% J a n
122 F eb
120% M ay
153% J ’no
30% M ch
96% J ’ne
81 N o v
100% D ec
1 1 M ay
26 J a n
12 M ay
297 D ec
lO /i; M ay
90% A ug
98% O ct
235 A u g
47s J a n
119 Mch
116% M ch
165% D ec
7334 N ov
163 J a n
15 M ay
104 J ’no
36 J a n
31 J ly
1% M ch
197% J ’ly
58% F e b
29% J a n
82% F e b
120% F e b
7% J ’ne
11 J ’ne
44% D ec
715.S J ’no
30% J 'n e
2u io D ec
.75 M ay
15% M ay
0% J a n
23% D ec
03% Deo
545 J a n
19 D ec
27% D ec
.15 J ’ne
69% F e b
7 D ec
1434 J ’ne
14 J ’ne
8% F e b
43% J ’ne
8% D ec
31% D ec
2 Fob
11 J 'n e
44 lic e
91 J ’ne
23 Dec
77S J a n
3% J ’ne
40 J ’ne
6 Jan
1178 D ec
H 9 J 'n e
3>n Dec
24% D ec
3% J a n
57 D ec
21% J 'n e
4% A o r
11% F eb
301; j ’no
934 J ’ne
8% J 'n e
3% J 'l y
49 J ’ne
124 J a u
70 D ec
19 D ec
13; J 'n e
121 ; F ob
1*13 M ay
42% J a n
8% J ’no
£2 J a n
5% Dec
47s M ay
401s J ’no
49% J 'n e
3% J'no
20 J ’no
67% D ec
4% D ec
9% F eb
122 F eb
3 F eb
A pr . 20 1912.]
1111
Boston Bond Record
U ao
A m A grlcul C hcm I s ; 5 s__ 1028 A -0
A m T olep & T el coll t r 4s__1929 J - J
C o n v e rtib le 4 s __________ 1936 ,Vl-S
A m W rit P a p e r 1st s t 5s g-__ 1010 J - J
A m Z inc L <5s S d e b 6 s _____1915 M-N
A riz Com Cop 1 st Gs c tfs ot dep_
A tc b T o p <5s S F e g e n g 4 s . .1 9 9 5 A -0
A d ju s tm e n t? 4 s____J u ly 1995 N ov
S ta m p e d ............... J u ly 1095 M-N
5 0 -y ear c o n v 4 s _ .____ 1955 J - D
10 -y e a r c o n v 5 s______ 1917 J - D
A tl C u lt & W 1 S S L ines 5S.1059 J - J
B o s to n E lev 3 0 -y r g 4 s------ 1935 M-N
B o s to n & L ow ell 4 s________1916 J - J
B o sto n & M ain e 4
l 944 J - J
Im p ro v e m e n t 4 s -------------193 < F -A
P la in 4 s . .............
1942 F-A
B u r <Ss Mo R lv co n s 6 s _____ 1918 J - J
C ed ar H ap & Mo R 1st 7 s . .1 9 1 6 M-N
C en t V e rm t 1 s t ? 4 s— M ay 1920
C B & Q Io w a D lv 1st 5s— 1919
Io w a D lv 1st 4 s ...................}» 9 A -0
D e b e n tu re 5 s------------------1914 M-N
D e n v e r E x te n 4s-------------- 1922 F -A
N e b ra s k a E x te n 4 s..............1927 M-N
B & S W s f 4 s ..............
1021 M -S
Illinois D lv 3 'A S .................1949 J - J
Chic J e t R y & Stic Y ds 5 s . .1 9 1 5 J J
Coll tr u s t re fu n d in g g 4s . 1940 A-O
Ch M ilw & S t P D u b D 0s . . 1920 J - J
Oh M & S t P W Is V d lv 6 s . . 1920 J J
Oh & No M ich 1st gu 5s------ 1931 M-N
C hic & W M ich g e n 5 s.......... 1921 J - D
C oncord & M o n t cons 4s .
1920 J - D
C u d a h y P a c k (The) 1 s t ? 5s 1924 M-N
C u rre n t R iv e r 1st 5 s..............-1920 A -0
D et Gr R a p & W 1st 4s . . . . 1946 A -0
D o m in io n C oal 1st s t 5s------ 1940 M-N
F itc h b u rg 4s.............................. 1915 M-S
4 s ______ _ ___________ ___ 1 3 2 1 M -S
F rc m t E lk & Mo V 1st 6s ---- 1933 A -0
U n sta m p e d 1st 6s ------------ 1933 A -0
N O T E . __B u y er p ay s a c c ru e d In te re st
n
1011410234
OOlg 9 U4
'95* F e b *12
103*4____ 103*3 A p r '12
1113s S ep '11
*91* *92* 911., A p r '12
1103 O c t '07
99i2 M ch'12
100 101 1007s A p r '12
997g F eb '12
99 . . .
9812 M ch '12
99*8 F e b ’l l
87
87
87 £8
101
100-3,10 U4 101
8912 901? 90 A p r 12
111 J a n '11
1133s F eb '11
99 J a n '12
97 A p r '12
97l2S ep '11
IOOI4 A ug '02
100 ____ 100 M ch ’12
86I4 F e b ’12
*9812 *9*9*12 99 A p r '12
I031-s A p r '05
96 A p r '08
127*2 M ch’12
127 M ch ’12
95
1031s
109 Sale
81 Sale
99% 993,
903., 913,
903, 913,
60 I2 Sale
10834 1153.,
05*2 GSI4
95
951s
89*2 9214
99*2 99*2
10078 IOH 2
997g 100
98*2 98%
8634 8734
1003., 10134
89 91
99
101
9914 103
86I4 8614
9S34 99*4
1271212712
127 127*2
In a d d itio n to th e p u rc h a s e prlco fo r all B o s to n B onds.
High
99L F e b '12
9634
97
96%
96%
100%
100%
117 A p r '08
97 M ch'12
11C34 A p r '12
____117
9212 ------ 92% M c h ’12
86
80 S ale 86
10214 103 1021? M c h ’12
115 J ’n e '08
99
99
98*2 99
100% A p r '12
98%
98*s
*97*% I I I
1013s M c h 'll
100ii S ep '08
0978 J a n ‘12
G en eral M o to rs 1 st 5 -y r 6 s . 1915
G t N o r C B 4 Q coll t r 4 s . .1921
R e g iste re d 4c___________ 1921
Illin o is S tee l d e b e n 5 s_____ 1913
l a F a lls & S io u x C 1 st 7 s . . .1 9 1 7
K a n C C lin & S p r 1st 5 s ____ 1925
K a n C F t S c o tt & M em 6s . . 1928
K a n C M & B g en 4 s ________ 1934
A ss e n te d In co m e 5 s_____ 1934
K a n C & M R y & B r 1 st 5 s . 1929
M arq H o u g h & O n t 1st 6 s . .1 9 2 5
M ass G as 4 p is ______________ 1929
M ich T e le p h o n e 1st 5 s _____ 1917
N ew E n g C o tto n Y a rn 5 s . .1 9 2 9
N ew E n g T e L p h 5 s.............1915
5s ................
1916
N ew E n g la n d co n s g 5 s____ 1945
B o s to n T e rm 1st 4 s _____ 1939
N ew R iv e r (The) c o n v 5 s . . 1934
N Y N H & H co n d e b 3 > $ s.l9 5 6
C o n v d e b 6 s ......................... 1948
O ld C o lo n y g o ld 4 s ...................1924
O reg o n R y & N a v co n g 4S .1946
O reg S h L in e 1 st g 6s ______ 1922
P ere M a r q u e tte d e b g 6 s ___1912
R c p u b V alley 1 st s f 6 s ____ 1919
S a v a n n a h E lec 1 st co n s 5 s . . 1952
S e a ttle E lec 1 st g 5 s________1930
S h a n n o n -A rlz 1 st g 6 s _____ 1919
T e rre H a u te E lec g 5 s_____ 1929
T o r r in g to n 1 s t g 5 s _________ 1918
U n io n P a c R R & 1 g r g 4 s . .1 9 4 7
2 0 -y e a r c o n v 4 s__________ 1927
U n ite d F r u it g en s t 4 H s ._ .1 9 2 3
D e b e n tu re 4 H s .................. 1925
U S S te e l Co 10 -6 0 -y r 5s A p r 1963
W e st E n d S tr e e t R y 4 s ____1915
G o ld 4 M s .................................1914
G old d e b e n tu r e 4 s______ 1916
G old 4 s _________
..1 9 1 7
W e s te rn T e le p h & T el 5 s . . . 1932
W isc o n sin C e n t 1 st g en 4 S ..1 9 4 9
103 110
51 82
99
9934
91
921s
91i4 91%
1081s 108*3
99
97
Ask !m u >
Hid
Low
High
102
102i4
9()7S
91
115 A p r ’12
9834O c t 'l l
10.)
109
80
81
99L A pr T2
91 M c h ’12
91L M ch T2
IO8I3 M ch'12
110'>8 M c h ' 11
65%
66
951s F e b 12
IOOI4 M ch'09
10412O c t '08
la n g e
Since
Jan. 1.
Week':
Range or
Las'. Sals
Price.
Thursday
A p r il 18
BONDS
B O STO N STO C K E X C H A N G E
W e e k E n d in g A p ril 18
Range
Since
Jan. 1.
Week’s
Hang e or
Last Sale
BO ND S
B O STO N STO C K E X C H A N G E
W eok E n d in g A p ril 18
100 100%
963, 967f
9612 ____
100*8 S ale
103i2 ____
104 * 105 *
9678 Sale
957g 96*8
100
S ale
75 D ec 1
92% M c h ’12
132 M ch'12
101 A p r '09
987g S ep '09
11334 F e b '12
95 J a n '12
103 J a n ' l l
70% D ec 'K:
104 M c h ’12
91 A p r '12
97 A p r '07
9934 F e b '12
100*-> M ch'12
103% D ec '11
9G78
967f
90
96
102-% M ch'12
99% M c h ’12
1001,, F e b T2
987g A p r T2
9Sl*>Nov’l l
IOOI4
10 0
035c F e b ' U
* N o p ric e F rid a y ; l.ate;t b id a n d ask ed .
Lose
H ig h
9914 99%
96% 98*2
9638 97%
100*8 10034
9612 *9*7*"
llliSj 117%
92
92%
85
89
102% 102%
*9*8** 9*914
100*8 100*8
96*2 9834
9934 997g
02% 923g
13134 132%
11334 11334
95
95
104 104%
83*2 91
9934 9934
100% 100%
95% 97*8
9534 96*2
*01%104
99*s 99%
100*4 100%
99* •>100%
035; 93%
11 F la t p ric e
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Sales
o) the
Week
Shares .
Sbaro P ricoi—Not Per Centum Prices
Saturday
A p r il 13
M onday
A p r il 15
115 115
113 114
115
115*2 11434 11434 115
* 10% 10% 10 % 10% 10*8
62% 6312 623S
63
63
130
2534 2.53,
25
♦ ___
26
♦___
51
51
52
51
213g
21 % 2 1 % 213*
21
*13.
4
4334
* 12 %
55
44
20
63
Wednesday
A p r il 17
Tuesday
A p r il 16
115
115
*115
114
117
114
10*8 10*3
0234 623.,
10*8
Frida y
A p r il 19.
Thursday
A p r il 18
*114% 117
114 114
*10
63
62»*
___ .
*129
130 *128%
25%
*25% 26
25% 26
25
52
*50
*50%
51
22
21 % 2 1 % 21 %
21 % 2134
2*4 *1**4 2%
44
44
44
43*; *43*2 44
123* * 12 % 121;
515s 51*V
55
195s 20
20
65
611; *64
6
6
313, 32
*3134 32%
89
89
*88*2 89%
*823S 82%
82
82
12 % 12 %
12*2 121;
29
20% 2934 29
62*2 62**4
62*s 621;
53*4
53
53% 531?
18**8 181;
18*2 181;
23*4 23% 23% 23%
82*8 82 **,0 8238 83
8
7I6,o 8
8%
50*4 SO*.,
50*., 60*.,
873S 873* 87*8 87*2
♦ 134 2*4 +I 84
2*4
*4334
♦4334 44
44
44
44
43% 4312 43*2
437g 43% 43112 % ♦12% 121, * 12% 12*4 * 12 %
545g 543.,
55
547g 55
55
20
20
*197g 20% 20
20
64
*63%
04
64% 64
64
32
32%
321o 32
33
32
90% *88% 89%
♦89
88*2 89
82®io 82 **,0 825,o 8234 83*g 83%
12 % 12 %
12 % 1212
12 % 12%
29% 20% 29% 29% 2934 297*
625,o 623,
62% 627, 0 G2sio 625*
53% 5312 53% 5312 53% 53%
18*2 18*2 183g 185* 18*2 185*
23
23
♦23
23% 23% 23%
83
83% 831; 827,o 83**io
83
8*4
8
77g 8
8*8 8%o
SOS* 503,
603, 503,
50% 605*
8734 877g 87% 873* 873g 873*
P H IL A D E L P H IA
In a c tiv e S to ck s
P h lla Co (P itts) pr
P h il G erm an & No:
IHd
..1 0
..50
.100
100
TOO
50
’.5 0
..5 0
100
..1 0
1.50
..1 0
TOO
TOO
..5 0
..5 0
TOO
..1 0
..5 0
..5 0
TOO
TOO
..5 0
..5 0
TOO
100
..5 0
..5 0
..5 0
..1 0
r _ .l
TOO
f.50
TOO
TOO
..1 0
,10u
.100
100
..5 0
..5 0
100
. .5 0
..5 0
1'8
Ask
1%
2
44
44
*5458
20
64%
*6
31%
*89
82%
*12
29
627,s
*53
18*4
23
823,0
*715,o
5012
87*8
130
25%
81*2
2 1%
254
140
255
420
50
661
131
6,842
B altim o re
C on G as E l L & P o w .1 0 0
Do
p re t ..............100
H o u sto n Oil t r c t f s . . 100
Do
p re t t r c t f s . 100
N o rth e rn C e n tr a l____ 50
S e a b o a rd A ir L in e ___100
Do
p r e £ ________100
U n ite d R y & E l e c t r i c . 60
P r ic e s are all “ and
in terest'
P h & R e a d 2d 5s 1933 A -0
E x Ip iP M 4s 1 9 4 7 .A -0
T c rm ln . l 5s g 1941-Q -F
92
P W & B col t r 4« '2 1 . .J - J
87
87*4 R ea d T r a c 1st 6s ’3 3 . . J -J
95*2 96
R o ch R y & L co n 5s’5* J - J
S p a n lsh -A m I r 6 s ' 2 7 . . J -J
S ta n ’d G as & E 6s’25 M-N
S ta n d S tl VVks ls t5 s '2 8 J -J
U T r a c I n d g en 5s T 9 . J -J
103
U n R y s T r c tfs 4s’4 9 ._ J - J
104%
U n ite d R y s I n v 1 s t coll ti
s f 5s 19 2 6 .................. M-N
88% W e lsb ach s f 5s 1 9 3 0 ..J-D
W ll-B G & E co n 53 ' 5 5 . J - J
Y o rk R y s 1 st 5s 1 9 3 7 . J -D
83**s
6378
B A L T IM O R E
83 %
In a c tiv e S to ck s
A la C ons Coal & Iro n .1 0 C
78
P r e f e r r e d .....................100
A tla n C o a st L (C o n n ). 100
109% C a n to n C o ____________ 100
G eo rg ia S ou & F la ____ 100
1 s t p re fe rre d ________ 100
115% 116 *
2 d p r e f e r r e d ________ 100
148% G -B -J B re w in g ________100
S e a b o a rd A ir L in e ____ 100
*97*34 98
P r e f e r r e d .....................100
B onds
Lowest
96
101
Jan
Jan
98*4
92%
*97%
103*4
82%
106
|| }15 p a id ,
t
513 M p aid -
Hillses'.
Highest
3
2
8% J a n 3
5334 J a n 25
127 F e b 28
22% M ch 7
45*2 Mch 14
18% J a n 2
115
116
107g
64%
130
27
52%
22
A p r 15
A pr 3
F e b 14
M ch 26
A pr 8
A pr 3
A pr 6
A p r 16
04 J a n
89 J a n
7 Mch
45 F eb
121 J a n
20 J a n
33 J a n
161® J a n
2
44
41%
HTg
Feb 9
5 N ov
7 J a n 10
42 J a n
A pr 9
45% F e b 1
4U78 S ep
M ch 2 4434 M ch 28
F eb 2
12*4 J a n 29
11% J a n
5234 J a n 16
5634 Mch 21
48l-> J a n
28% A ur
18 A p r 2 33*4 J a n 3
73 J a n 3
08 A ug
5934 A p r 2
8 *i* J a n 8
6% D ec
6 A pr 4
21% S ep
27% J a n 3 33 A p r 15
83% J ’ne
87 78 M ch 20 9OI4 J a n 3
7534 S ep
78*8 F e b 5 927S J a n 16
123, A p r 6
0*4 J a u
8% J a n 3
18% J a n
23 J a n 12 297s A p r 6
5938 S ep
62'g A p r 8
61*,« J a n 27
48% S ep
50% J a n 11 66% F e b 16
1834 J a n 25
15% N ov
167S J a n 2
243g J a n 25
2234 M ch 22
17 A p r
74% J a n 11 84*18 A p r 11 GO*5, « S ep
634 J a n 11
8*4 A p r 15
5% J ’ly
52*4 J a n 26
43 J a n
4934 F e b 28
84% S ep
80% J a n 9 89 H ch 15
95 % D ec
101
10
79
S ep
A ug
J ’ly
13034 j ’n e
27 J 'n e
50 N o v
197g J ’ly
17% J a n
46% N o v
4834 F e b
12 % J a n
56*8 J ’ne
39 % O c t
837g J a n
9*8 J a n
32 F e b
98 J a n
93 7t8 D ec
97S O c t
25% O c t
65 F e b
69% J 'n e
18 J ’ly
24*8 A u g
8O34 F e b
8% J a n
5234 A u g
89*3 J a n
B A L T IM O R E
1153S
9934
125
101
101% 101*4
78*4
831 83*4
903,
501;
1 18
81
4
4%
251? 26
5034 51%
P r ic e s a n a ll “ a nd
interest’ ’
9734
B a lt C ity 3 M s 1 9 3 0 ._ .J-d
100
4s 1 9 5 4 -1 9 5 5 ...V a r io u s
5s 19 1 6 ___________ M-N
A n a c o s tla & P o to m 5s A-O
A tC o a s tL c o n v d eb 4 sM -N
A tl C o ast L ( C t) c tt 8 5s J-D
C tfs of ln d e b t 4 S . . . . J - J
93
5-2 0 -y r 4s 1925.......... J -J
103%
B S P & C 1st 4 M s ’53 F-A
98
B a lt T r a c 1 st 5s 2 9 . . M-N
104
N o B a lt D iv 5s 1942 J-D
82*2
C ar P o w & L t 5s 1938 F-A
C en t R y co n s 5s ’3 2 . . M-N
Range tor Previous
Year (1911)
Range Since
January 1
P H IL A D E L P H IA
B onds
H E x -d lv .& rig h ts .
S lo ck s see below)
P h ila d e lp h ia
20 A m e ric a n C e m e n t____ 50
2
44
91 A m erican R a i lw a y s .. 50
566 C a m b ria S te e l_________ 50
44%
E le c tric Co of A m erica 10
12 %
65
428 E lec S to ra g e B a tte r y .1 0 0
660 G en A s p h a lt t r c t f s ___100
20
Do
p re f t r c t f s . 100
64%
481
7
10 K e y s to n e T e le p h o n e . 50
32
5,501 L a k e S u p e rio r C o rp ._ 1 0 0
85 L e h C & N av t r c t f s . . 50
90
358 L eh ig h V a lle y ............... 50
82*2
365 L eh ig h V alley T r a n s it 50
12%
550
29
Do p r e f ___________ 50
1,081 P e n n s y lv a n ia R R ____ 50
62%
445 P h lla d c l C o (P lttsb i . . 50
53%
18% 19,380 P h ila d e lp h ia E I e c ||._ 25
595 P h il R T v o t t r c t f s . . 50
23
82% 11,083 R e a d in g _______________ 50
1
3,497 T o n o p a h M in in g _____
8
5034 1,262 U n io n T r a c tio n ______ 50
8734 1,776 U n io n G as I m p t _____5o
P H IL A D E L P H IA
*80* *82* A lt & L V ElCC 4 HS’33 F-A
A m G as & E lec 5s '0 7 . F-A
81
80
76 . . . . Am R y s 5s 1917.......... A-O
A tl G as 1st s I 5s ’6 0 . . J - J
B crg& E B rew l 3t Os’21 J - J
—
—
B eth leh S teel 6s 1 9 9 8 .Q -F
Choc & Me 1st 5s 1 9 4 9 .J -J
21% 21% Ch O k & G gen 5s 1919 J -J
Con T ra c of N J 1st 5s ’33
8**4 . . . . Del Co R y s t r c tfs 4 s '4 9 J-J
22 - - - - E lec & P eoples T r t r c t f s . .
F r T a c & I l 1st 5s 1 9 4 0 .J -J
60
____ H I - Gen A sp h a lt 5s 1 9 1 6 .M-S
In d la n a p R y 4s 1 9 3 3 ..J - J
*96* 166' I n te r s ta te 4s 1943___F-A
17% . . . . K e y sto n e T el 5s 1 9 3 5 .J -J
____ ___ L ak e S u p C orp Inc 5s’2 4 . 0
L ehigh N av 4 M s '1 4 ..Q - J
Gen M 4 H s g 1 9 2 4 .Q -F
20
Leh V C 1st 6s g 1 9 3 3 .J - J
70
____
L eh V e x t 4s 1st 1 9 4 8 .J -D
____ m i
Conso' 6s 1923-------- J -D
Consol 4 H s 1 9 2 3 . . . J-D
A n n u ity 6 s ..................J-D
101
G en cons t s 2 0 0 3 ..M-N
43% *44* *
Leh V T ra n con 4s ’35 J -D
151 153
84
1st series A 4s 1935.M -S
841;
91;
1st series B 5s 1935 M-S
10% 10*1*2 M a rk c tS tE l 1st 4 s’55 M-N
N a tL H & P ser B 5s T 9 J -J
39
New Con G as 5s 1 9 4 8 .J-D
____ *4*9** N Y P h & N o 1st 4s’39 J -J
____
In c o m e 4s 1939____M-N
10U *1*034 P a & N Y C an 5s 3 9 .A-O
____ 53% P en n S teel 1st 5s '1 7 . M-N
____ ___ P eo p le’s T r t r c tfs 4s 1913
P Co lst& co ll t r 5s’49 M-S
—
Con & coll t r 5s ’51 M-N
- H I P hil E lec gold t r c tts .A -O
T r u s t e tts 4s 1949 . . J - J
. . . . . . . . P & E gen M 5s g ’2 0 .A-O
G en M 4s g 1 9 2 0 ...A - O
?B ld a n d ask ed ; no sales o n th is d a y .
117
114
*115
114
10%
10 % *10
63
, B258 625s
A C T IV E STO C K S
t F o r B o n d s a n d In a c tiv e
103% 1035*
921;
92
9G%
103*
C R y E x t& I m p 5 i ’32 M-S
C has C ity R y l i t 5 s’23 J -J
C has R y G & El 5s ’99 M-S
C ity & S u b 1st 5s 1922 J-D
C ity & S u b (W as) 1st 5 j '48
Coal & C R y l i t 5s T 9 A-O
Coal & I R y 1 st "s '2 0 . F-A
C o l& G rnv 1 st 6s 1916 J-J
C onsol CMs 53 1 9 3 9 .. . J - D
G en 4 M s 1 9 5 4 ____A-O
C ons G E & P 4 H s ’35 J-J
F a ir & Cl T r 1st 5s’38 A-O
G a & A la 1st con 5s '45 J -J
G a C ar& N 1st 5s g ’2 9 .J - J
G eorgia P 1st 6s 1 9 2 2 ..J - J
G a So & F la 1st 5s ’4 5 . J-J
G -B -S B rew 3-43 '5 1 . M-S
K n o x v T ra c 1st 5s ’28 A-O
M aco n R y JcL t 1st 5s’53 J-J
M d E lec R y 1st 5s ’31 . A - 0
M em p h is S t 1 st 5s ’4 5 .J - J
M t V er C o t D u ck 1st 5 s . .
N p t N i O P 1st 5s’38M -N
N o r & P o r t T r 1 st 5s’36 J-D
N o rth C en t 4 M s 1925-A -O
Scries A 5s 1 9 2 6 .. . . J - J
S eries B 5s 1926____ J-J
P .tt Un T ra c 5s 1 9 9 7 ..J-J
P o to Val 1st 53 1 9 4 1 ..J-J
S av F la & W est 53 '34 A -0
S cab A ir L 4s 1 9 5 0 . . . A-O
A d ju s t 5s 1949____ F-A
S cab & R o a n 5s 1 9 2 6 .. J - J
S o u th B o u n d 1st 5 s_ _ A -0
U E l L & P 1st 4 M s'2 9 M-N
U n R y & E l 1 st 4s ’49 M-S
In c o m e 4s 1949___J-D
F u n d in g 5s 1936___ J-D
Va M id 3 d s er Gs T 6 ..M - S
4 th s er 3 -4 -5s 1 9 2 1 .M-S
5 th scries 5s 1 9 2 6 . . M-S
V a (S tate) 3s n ew ’3 2 . J-J
F u n d d e b t 2-3s 1991 J-J
W est N C con 6 s 1 9 1 4 .J-J
W ll & W eld 5s 1 9 3 5 . . . J - J
103
105
105*4
94
104*:
105
98%
98
90%
90
10034 101
10534 106*2
107
49% 50
101%
75%
109
111
1071: 108%
105% 106
94%
85
6534
873-
94*4
85*4
657g
88%
85% 86%
85
87%
103
110
1113
THE
C H R O N IC L E
Ask
F erry C om panies— (Con .) B id
15
N Y & E R F erry sto ck . 100
8
55
45
1st 5s 1922.................. M-N
100
N
Y
A
Hob
5s
May
'
4
G
..J-D
9912
TRANSACTIONS AT T H E NEW YORK STOCK EX CH A N G E
H ob F y 1st 53194 0 . .M-N 104
D A ILY . W E EK LY AND YEA RLY .
N Y & N J 5s 1940___ J-J
97
35
10th & 23d Sts F e r r y ... 100 25
65
1st mtge 53 1919____ J-D
57
Rallroad i
23
Union F erry sto c k ......... 100
21
V . S.
State
& e..
Week ending
99
1st
5s
1920..................
M-N
90
Bonds.
Bonds.
Bonds.
Shares.
P a r Value.
A p r il 19 1912.
Short-Term Notes
Amal Copper 5s 1 913..A-O 100-% 100%
$12,000
$1,030,500
303,232 $28,238,200
S aturday __
$0,000 S alt & Ohio 4 ^ 3 1913.J-D 1001s 10012
33,000
2,317,000
908.127 80,450,200
M onday . . .
Bethleh Steel 0s 1914..M-N 101% 10112
40,500
2.190.500
71,244,050
771.204
T u esd ay ___
Ches A Ohio A A s 1 9 1 4 ..J-D
09% 99>2
152.000
2.309.500
40,207,000
508,309
Wednesday
9J14 99%
190,500
13,606 Chic A Alton 5s 1 9 1 3 ...M -S
2.842.500
41.141.400
439,201
T h u rs d a y ...
Chic ElOV Rys 5s 1 9 1 4 ..J - J
981s 98*2
197.000
3.407.500
20.149.400
282.494
F r id a y ____
Cln H am A D 4s 1 9 1 3 .. . J - J
991. 99%
$031,000 $21,000 Erie 6s April 8 1914..A-OS IOU4 10U2
T o t a l ........................ 3,212,090 $299,430,850 $14,703,500
Coll 5s O ct 1 1 9 1 4 ... A-O 99*2 99%
99%
Coll 6s April 1 1915. .A-O
99
J a n . 1 to A p r il 19.
Week ending A p r il 19.
Sales at
rOeneral Motors 0s ’15.A&0 9912 100
New Y ork Slock
H
udson
Companies—
1912.
1911,
1911.
1912.
exchange.
Os Feb 1 1913............. F-A
99% 997s
ct 15 1913...A & G 15
9912 99%
43,391,827
30,771,163 In t03&O G
1 ,666,002
3,212,699
Stocks—No. shares__
t N or 5s 1 9 1 4 ..F-A
97% 98%
$3,829,672,900
$2,724,270,650
$144,392,550
P ar value_________ $299,130,850
10058
In
te
r
H
arvester
5s
'15.FA
A
100%
$276,900
$823,700 K C R y A Lt OS 1 912..M-S
$56,500
S10.700
Bank shares, p a r ____
98
97
Bonds.
96
Minn A S t L g 5s 1 9 1 3 ..F-A
94
$736,500
$
122,000
$
12,000
$ 21,000
99%
Government b onds__
Mo
K
an
A
Tex
5s
1913.Al-N
991.
7,707,000
40,099,500 Missouri Pacllic 5s 1914.J-D
843,000
631,000
S tate b o nds......... ..........
95% 90
271,660,000
220,156,000
10,697,500
14,763,500
R R . and mlsc. bonds.
N at Rys or Mex A A s '13.J-D
97% 98
Y C Lines Eq 5s 1912-22 t>l%% 4.40
$230,103,500
$266,377,500 e N414s
$15,415,500 $11,552,500
J a n 1913-1925. . .J - J 61.45 4.30
4 ^ 9 Ja n 1913-1927. .J - J 64.45 4.30
DAILY TRANSACTIONS AT T H E B03TO N AND P H IL A D E L P H IA
N Y Cent A 'As 1914___ M-S IOOI4 IOUI2
EXCHANGES.
S t L & S F os 1913 opt J-D
99% 99%
S outh R y g 5s 1913___ F-A 100l4 I0j%
101%
Tidew
ater
0s
1913
g
u
ar.J-D
101
Philadelphia.
Boston.
97
W abash A A s 1913___ M-N 94
Week ending
101%
W
estlngh’so
El
&
M
03
1913
101*8
Bond
Listed
Unlisted
Bond
Unlisted
Listed
A p r il 19 1912.
98
e
5%
notes
Oct
1917.A
-0
9712
sales.
shares.
shares.
sales.
shares.
shares.
Railroad
25
21
5,823
341,700 sC hlc & Alton co m ___ 100
$19,000
4,326
7,698
16,162
S atu rd ay..... .......... —
60
e P r e f e r r e d .._______ 100
35
18,473
48.000
55.000
13,091
32,191
M onday____ _______ 38,662
140
<5Chic St P M A O m ___ 100 135
11,043
10,812
87.000
37,100
26,990
25,640
T u e s d a y ......................
160
e
P
re
fe
rre
d
__________100
150
10,726
11,562
70,752
31.000
25.457
W ednesday_________ 47,368
11,093
8.533
47,600 Chic Subway 3d asst p d . 100
58.000
24,795
Thursday ................... 40,138
45
49.000 e Colo A S outh com ____100 44
5,260
8.533
H O LI DAY
F riday _________. . .
76
75
e 1s t preferred______ 100
72
06*2
e
2
d
preferred
.............
100
56,857 $294,152
62,418
Total ___________ 107,970 117,13X1 $250,000
61
58
e N Y Chic A S t L com ..1 0 0
e 1 st preferred_______ 100 103 110
e 2d preferred.............. 100 87% 90
100 105
N orthern Securities Stubs
35
P itts Bess & Lake E r i e . . 50 *31
All bond prices are now “and Interest” except where marked •T "
70
P r e f e r r e d ........................50 *60
e R ailroad Securities Co—
87
85
Ask
B
id
Street
R
ailw
ays—
(Con.)
III
C
stk
tr
ctfs
Ser
A
___
B
id
Ask
S treet Railways
West Pac 1st 5s 1 9 3 3 ..M-S 87% 33
United Rys of S t L—
Standard Oil Stocks
14% 15
Com vot tr c tfs ........... 100
e P referred....................100
45% 46% Anglo-American OH.........£1 *14% 15
26
Bleeck S t A Ful Fy s t k . 100 22
Wash Uy A El C o........... 100
8a% 803.J Atlantic R e fin in g _____ 100 430 450
00
Borne-Scrymscr Co____ 100 180 220
9312 94
P r e fe rre d ___________100
105 172
Buckeyo Pipe Line Co__ 50 125 135
86% 37
4S
1951........................
J-D
99% 100%
2d m tge 53 1911.........JA J
Chesebrough Mfg c o n s .. 100 625 675
Colonial OH......................100 125 150
1st 5s 1924................. JA J 102% 103% Electric, Gas & Power Cos
C ontinental OH_______ 100 850 950
Neio Y o rk C ity
5
10
60
Crescent Pipe Line C o__ 50 *56
91 Cent Un Gas 5s 1927___ J-J 10214
/ 85
90
Cumberland Pipe L in e .. 100 80
___ (3Kings Co El L & P C o ..100 130 131
10
Cen P k N*A E Rlv s to ck . 100
275
290
Eureka
Pipe
Line
Co__
100
New
Am
sterdam
G
as—
140
130
Christopher A 10th St stk 100
1st coasol 5s 1948___ J-J 101% 102% Galena-Signal OU c o m .. 100 225 235
P r e fe rre d ___________ 100 140 145
100 101% N Y A E R Gas 1st 5s'44 J-J 104 100
Indiana Pipe Line Co___ 50 *90 100
Consol 5s 1945_______ l-J 101 103
50
/ 45
37
E ighth Avenue stock— 100 310 160 8 N Y M utual Gas L ___ 100 177 ---- - N ational T ransit Co......... 25 *36
New York T ransit Co__ 100 275 290
60
/ 99 100% N Y A Q El L A Pow C o. 100 50
100
90
85
75
N
orthern
Pipe
Line
C
o
..
100
n
o
P
re
fe
rre
d
......................100
42(1 A G r S t Fy s t o c k ...100 285
48
Ohio OH C o........................25 *93 102
N Y A Richm ond G a s ... 100 37
Prairie OH A G as______ 100 250 260
N inth Avenue s to c k ___ 100 160 180 N orth’n Un 1st 5s 1927 M-N 101 103
60
___Solar Refining_________100 580 620
Standard Gas L com ___ 100
5
u
Second Avenue sto ck __ 100
95 ____
Southern Pipe Lino C o .. 100 182 192
P re fe rre d ......................100
43
Consol 5s 1948_____ F-A f 45
104%
106
South Penn O il......... ......100 590 330
135
1st
5s
1930..................M-N
125
8 Sixth Avenue s to c k ... 100
Sou West P a Pipe Lines. 100 125 115
Other Cities.
83
80
Sou Boulev 5s 1945____ J-J
S tan d ard Oil of Calif__ 100 178 188
86
95 Am Gas A Elec com ......... 50 *83
90
So Fer 1st 5s 1919......... A-O
S tand Oil of In d ian a___ 100 232 237
47^2
Preferred
......................5
0
*4012
80
f 75
S tan d ard Oil of K an sas. 100 175 225
30 Ain L t A 'Irao com ......... 100 292 296
28th A 29th St3 5s '9 6 ..A-O / 23
P re fe rre d ___________ 100 100 106% S tand OH of K e n tu c k y ..100 325 100
2J0 250
S tan d OH of N ebraska. .100 175 225
73
103% 101 Amer Power A L t c o m .. 100 70
S tand Oil of N J (old). . . 100 zSOO 815
90
87
Preferred ......................100
90
75
390 395
95 Bay S tate G as............. ......50
84
*% ®10 S tand OH of N J
S tan d ard OI1 su b sid iaries.. . 2110 125
Blngh’ton (N Y) Gas Wk
97 100
S tan d ard Oil of N Y ___ 100 395 105
1st g 5s 1938............... A-O
2% 4
S tandard OH of Ohio__ 100 200 225
A tlan Ave R R con 53 '31 A-O 101 103 Buffalo City Gas s to c k ..100
92
91
Swan & F inch_________ 100 750 S50
90 100 Cities Service Co com __ 100
55
45
80*4 86% Union Tank LlneCo___ 100
P re fe rre d ......................100
158 162
98 100
Vacuum OH.......................100 140 150
99 102 Con Gas of N J 5s 1 9 3 6 ..J-J
50
*40
W
arrants
Consumers' L H A Pow—
30
20
W ashington O il.................10
5s 1938........................ J-D 100 —
93 101
2600
2300
95%
96%
W
aters-PIerce
OH...........
100
Denver
G
A
El
53
1949.M-N
93%
96%
Tobacco Stocks
80 Elizabeth Gas L t C o___ 100 300 . . . .
75
Coney 1st A B klyn......... 100
(See also Stock BxchangeLisl)
00
90 Essex A Iludson G as__ 100 142 145
23%
90
80
Brltlsh-Am erlcan T o b a c .£ l *23
82 Gas A El Bergen C o___ 100
77
Conley F o il____________ 100 275 285
96 100 e Gr R ap G L 1st 5s '1 5 .F-A 100 101
Brk G A N 5s 1 9 3 9 ...J -J
85
85% e Helmo (Geo W) c o m ..100 160 170
Gr’t West Pow 5s 1946..J -J
112
e P re fe rre d .....................100 107
1st 5s 1944..................A-O 102 104 Hudson County G as___ 100 141 143
Johnson Tin Foil A Metal 100 160 170
e 1st 5s 1949................M-N 105 -----N Wmsburg A F latbush—
40
43
MacAndrews A F o rb e s .. 100 175 185
90
91 Indiana Lighting C o___ 100
1st A A s July 1941..F& A
Porto-R lcan-A m er Tob.100 235 245
74
73
4s 1053 o p t................. F-A
Steinway 1st 6s 1 9 2 2 ...J -J 103 105
25
Reynolds (R J) Tobacco. 100 217 222
18
Indianapolis G as................50
Other CUies
70
80
U nited Cigar Stores CorplOO 185 186
1st g 5s 1952............... A-O
Buffalo S treet R y—
3 Weyman- B ruton Co__ 100 190 200
97 100
105 105% Jackson Gas 5s g 1937..A-O
114
e Preferred . . . _______ 100 110
93% ____
sLaclede Gas preferred. . 101
Deb 63 1917............... A-O 104%
Young (J S) Co................ 100 170 175
Madison Gas 63 1920__ A-O 101 109
«C ona R y A L tg c o m .. 100 79
*91%
95
N
arragan
(Prov)
El
Co
.50
81
Industrial and Miscellaneous
37% 39'% Newark Gas 6s Apr'44_Q-J 126 123
Adams E x p g 4s 1 947..J-D / 84% 85%
97
99
79% 81 Newark Consol G as____ 10U
Alliance R e a lty ................ 100 117% 122%
____
e Con g 5s 1943......... J-t> 10512 100%
t H av ana Elec R y c o m .. 100 112
48
Amer B ank Noto com __ 50 *46
No H udson L H & Pow —•
8 P re fe rre d ............. ......100 120
P re fe rre d ..................
50 *51% 53
5s 1933 ......................A-O 100
105 105l(j
66% 67*4 American B ook________ 100 170 180
36D Paclflo Gas A E com ___ 100
8 New Orl Rys A L t com 100 33
128
91% 92% American B rass................ 100 120
P re fe rre d ......................10U
e P referred ....................10C
78
79
93% 94% American Chicle com ___100 225 230
P a t A Pas Gas A Elec__ 100
eN V Westch & Boat R y—
P re fe rre d ......... ............. 100 101 103
e Con g 5s 1949____ M-S 10314 103%
1st g 4 A s 1046______ J-J
99% 99%
15 ____
90
Am Graphophono c o m .. 100
94
e Pub Serv Corp of N J — Sec Stk E x list S t Joseph Gas 5s 1937__ J-J
05
P re fe rre d ..... ................. 100 55
*23
S
tandard
Gas
A
Elec(Del)
.50
21
111
T r ctfs 2% to 6% perpet
131
132
52% American H ardw are___ 100
P re fe rre d ..... .................. 51 *x62
90
80
N orth Jersey S t R y ..l0 C
Amer Malting 6s 1 9 1 4 ..J-D 100 102
90
95
83
83% United Electric of N J ..1 0 0
1st 4s 1948............. M-N
85
80
83
83% Amer Press Assoc’n ___ 100
1st g is 1919............... J-E
70
76%
Cons T ract of N J ----- 10C
99 100D
32*2 33% Am Steel Fdy 6s 1935..A-O
1st 5s 1933..............J-E 101% 105 Western Power com ___ 100
6-1
60
01
Dob 4s 1923................ F-A
P re fe rre d ......... ............ 10*.
61%
New’k Pass R y 5s '3 0 .J-J 103 108%
American S u re ty .............. .50 295 ____
Telegraph and Telephone
R apid T ran S t R y ___ 101 210
78
American Thread p ref___ 5 *4% 54.J
80
8 Amer Teleg A C able__ 100
1st 5s 1921............. A.C 103
52
Amer Typefounders com. 100 48
8 Central A S outh A m er. 100 119 121
J C Hob A P aterson—
P r e f e r r e d .......................100 99 101
82
82% Comm'l Un Tol(N Y )— 25 108 115
4s g 1949............... M-N
Deb g 6s 1939..............M-N 100 102
75
So I 0:13 El A T’rao__ 100 133 137 Empire A Bay S tate T e l. 100 05
2% 3%
'10
Amer W riting P a p e r___ 100
59
Gu g 5s 1953.........M-S
99% 100 Franklin .......................... IOC
88% 89
e l s t s f g-5s *19 red 105. J-J
8 Gold A Stock Teleg— 100 120 125
No Hud Co R y 0s 1914 J-J 192%
A tl Gulf & W I S3 Lines. 100
7% 8
8 N orthw estern Teleg----- 50 112 120
Con M 5s 1928.........J-J 103
15% 16
68
P re fe rre d .......................100
75
E x t 53 1024
M-K
66
65
Coll tr g 5s 1939.........J-J
P a t R y con 6s 1931..J-D l i t
r n r 8 Pac Telep A Teleg p ref. 100 93
25
90
10
95
B arney & Sm ith Car cornlOU
2d 63 1914 o p t___ A-C 100 102 S outhern A A tlantic......... 25
90
P re fe rre d ___________ 100
29% 30 S outh Bell Telep A Teleg—
Republic Ry A L i g h t... 10(
85
75
78% 80
1st g 5s 1941 op 1916.J-J 100 100% Bliss (E W) Co co m ____ 50
P r e f e rre d ............... ......101
Ferry Companies
P r e fe rre d ____________ 80 122% 127
97 100
T rent 1* & II 53 1043__ J-D
90
96
B A N Y 1st 6) 1911___ J-J
Bond A Mtge G u ar____ 100 294 298
Volume of Business at Stock Exchanges
Inactive and Unlisted Securities
* Par share. 6 Basis. e Sells on Stock Exchange: sae s alss-rco rd oa a preceding pag
w Ex-$00 paid AprH 15. s Ex-V acuum Oil, S, O. of Indian.- end N ebraska,
[VOL. LXXXXIV
Indust and Miscetl— (Con.) B id
Borden’s Cond Milk com .100 124
P re fe rre d ___________ 100 108% 10912
*5% 6%
B ritish Col Copper C o___ 5
2% 2%
Casein Co of Amer c o m ..100
Preferred ......................100
50
53
Casualty Co of A m erica. 100 115 130
Celluloid C o___________100 140 145
51
53
City Investing C o_____ 100
P r e f e r r e d ___________ 100 100 101
e Clailln (II B) Co c o m ..100 90 102
80
92
e 1st preferred_______100
93
90
e 2d p referred_______ 100
62
59
Consol Car H eatin g ___ 100
8% pU
Consol R ubber T iro ___ 10U
48 "
40
P r e f e r r e d _____ _____100
60
D ebenture 4s 1951__ A-O
12% 12%
8 Crucible Steel com ___ 100
83% 84
P re fe rre d __________100
*1%
Davts-Daly Copper C o ...1 0
1%
8 Diam ond M atch Co— 100 108 108%
d uP ont ( I) de Nem Pow 100' 169 175
9034 95
e P referred ..............— 100
89% so
8 Goal 4 A s 1936___ J-D
15
10
Empire Steel A Iron com 100
43
36
P re fe rre d ___________ 100
8 General Chemical com . 100 125 135
8 P referred __________100 107 103
*9% u%
G reeno-C ananea_______ 20
Guggenheim K xplor’n_.100 228 230
e Hackensack W ater Co—
80
Ref g 4s '52 op 1912__ J-J
7
3
H avana Tobacco C o___ 100
12
0
P re fe rre d ..... .......... ......100
67
1st g 5s June 1 1 9 2 2 ..J-D f 64
Heckcr-Jones-Jcwell Milling
1st (>S 1922..................Al-S 102 104
15
5
H erring-IIaU -M arvln__ 100
Hoboken Land & Im provo't
1st 5s Nov 1930......... M-N 104
9
10
Hocking Val P ro d u c ts .. 100
59
62
1st g os 1 0 6 1 _____ ..J - J
10
11
Houston Oil com c t f s . . .100
62%
62%
Pref c tfs ........................100
8 Ingersoll-lland com __ 100 101
97
e P r e f e r r e d ........... ......100
Inspiration Consol C op__ 20 *19% 19%
18
19
Intercontin R ub com __ 100
87% 90
In tern at Banking Co__ 100
International N ickel___ 100 290 300
P re fe rre d ......................100 100 107*2
1st g 5s 1932............... A-O 100 101
2
4
International S a lt_____ 100
50
1st g 63 1951_______ A-O f 47
International Silver com 100 100
P re fe rre d ___________ 100 120 130
1st 6S 1948..................J-D 111 111*2
In te rn at Smelt & Refg.lOu 124 128
Jones & Laughlln Steel Co
1st s f g 5s 1939......... M-N 10O% 101%
66
68
Kayser (Julius) A Co__ 100
1st preferred......... ......100 107
31
0 Lackaw anna S teel___ 100
77% 78-%
e 1st con 5s 1950____ M-S
e Deb 5s 1915............. Al-S
90-% 01%
95
90%
Lanston M onotype____ 100
Lawyers' Mtgo C o_____ 100 224 228
L eh ig h V al C oal S a le s ..50 *218 250
Leh A Whkes-B Coal___ 50 300
*w 1
8
Madison Sq G arden____
M anhattan T ra n sit............20 * l ‘ *10 l ,5l»
MonongahelaR Con CAC.50 *11
Preferred ............. .......... 50 *32
Mortgago Bond Co......... 100 107 110
8 National S u re ty ........... 100 215 225
20% _ „
c Now York Dock c o m ..100
48
50
e P referred ....................100
N Y Mtge A Security__ 100 210 215
*4% __5%
N Y T ran sp o rtatio n ____ 20
88
90
Nllas-Bem-Pond coni__ 100
*77s
8
Nlplsslng M ines....................5
*1% l'Ji«
Ohio Copper C o................. 10
8 O ntario S ilver_______ 100
1% 2
76
78
Otis Elevator com _____ 100
P re fe rre d ___________ 100 100 102
+9-% 9*2
Pittsburgh Brewing____ 50
P re fe rre d ____________ 50 *39% 40
e P ittsburgh Steel p r e f ..100 102 103
42
37
Pope Mfg Co com _____ 100
80
P re fe rre d ___________ 100 78
08 102%
P ra tt A W hitney pref__ 100
Producers OH.................... 100 95 100
R ealty Assoc (B k ly n )..1 0 0 118 122
Royal Bak Powd c o m ... 100 195 203
P re fe rre d ___________ 100 110 112
99% 99%
Rumeiy (M) Co p ref___ 100
Safety Car H eat A L t__ 100 118% 119
e Sears, Roebuck A C o .. 100 1027s 163*2
8 P referred .....................100 123% „ _ _
Singer Mfg Co_________ 100 z291 295
1
2
S outh Iro n A S com ___ 100
2
4
P r e fe rre d ___________ 100
30
40
Standard Coupler c o m ..100
P re fe rre d ___________ 100 105 110
22
8 S tandard Milling Co— 100 20
59
8 Preferred.............. — 100 57
8012 87%
e 1st 5s 1930-----------M-N
3;
40
Studcbakcr Corp c o m ...100
97
98
P re fe rre d ..................- - JJJx
Sulzberger A Sons Co pf-100 10 1 % 102
Toxa3 A Pacllic Coal . 100 99 102
8 Texas Pacllic Land JTr.100 89 __
l'ltlo las Co of N Y ......... 100 120 125
Tonopah Min ( N e v a d a ) ... 1 *7'% 8
T renton Potteries c o m .. 100
4
8
Preferred new ----------- 100
50
55
Trow D irectory................ 101,
25
40
10% 10%
8 Union Bag A P a p e r ...100
0 P referred.................... 100
58
60
Union Typew riter c o m .. 100
11
43
1st p referred................ 100 100 109
2d preferred...................luo 101 107
United Cigar Mfrs c o m .. 100
58% 59
a Preferred..................... 100 105 107
11.,
United Copper...................loo
1
20
P re fe rre d ...................IIlOO
10
U S C asu alty.............. ’ " 1 0 0 200
._
U S Envelope coin.......... 100 90
Preferred .
100 115 116
95
U S Finishing.....................100 89
Preferred ....................... 100 103 108
1st g 5s 1919................J-J 100 105
95 100
Con g 5s 1 9 2 9 .............J-J
32
34%
e U S ln d u st Alcohol__ 100
99 102
e P referred__________ 100
U S Steel C orporation—
Col s f Apr 5s 1951 op 1911 111% 112%
Col s f Apr 5s 1951 not opt 112 113%
U S T it Gu A In d em ----- ,100 90 100
W estchester A Bronx 'lltlc
A Mtge G u ar................ !00 160 166
W estlngh’so Air B r a k e ...50 *108 109
Woofworth (F VV) C o— 100 76% 78
P referred ..............— - J4)0 112 112%
Wort III ngtonfH IU Co pf.100 107 —
7 F lat price, n Nominal, s Salo price. (N ew stock, x Ex-dtv. v Ex-rlghta.
APR. 20 1912.]
THE
C H R O N IC L E
1113
Imrestmeut and fljUilrcrad Intelligence*
i^ATLJRToA^D gTr Tc Ts s
EA^RN I MGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can bo obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whoso fiscal year does not begin with July, but covers some other
period. T h e r e tu r n s o f th e e le c tr ic r a i l w a y s a re b ro u g h t to g e th e r s e p a r a te ly o n a su b s e q u e n t p a g e .
J u ly 1 to Latest D a te .
L a test G ross E a r n in o s .
no ADS.
W eek o r
M o n th .
C u rre n t
Y e a r.
P re v io u s
Y e a r.
C u rre n t
Y e a r.
P r e v io u s
Y e a r.
A la N O & T e x P a c *
$
341,084
304,027 2,892,038 2 ,7 6 1 ,8 7 5
N O * N o r E a s t M a r c h ___
133,073
146,138 1,290,529 1,393,284
A la & V ick sb u rg M a r c h ___
123,368
121,020 1,142,432 1,182,744
V icks S h re v & P a M a r c h ___
14,189
11,000
A la T e rm & N o rth . F e b ru a ry _
81,017
111,025
51,203
36,826 1,693,415 1,521,509
A n n A rb o r________ 1st wlc A p r
A tc k T o p e k a & 8 F e F e b r u a ry . 8.592.050 8,000,818 71,862,096 72 ,2 6 5 ,3 9 0
08,980
46,071 2,571,287 2 ,2 2 8 ,4 8 9
A tla n ta B lrm & A tl11st w k A p r
A tla n tic C o ast L ine. F e b ru a ry _ 3,043,542 2,952,543 21,578,125 20,576,014
a B a ltim o re & O h io . F e b ru a ry
0,802,014 5,913 433 60,395,120 59,3 2 3 ,1 2 6
B & O Oh T e r R R F e b ru a ry .
99,890
92,412 1,024,010
096,603
B a n g o r & A ro o sto o k F e b ru a ry
302,858
281.502 2,255,478 2,058,201
B o sto n * M a in e ___ F e b ru a ry . 3,339,112 3,087,800 30,670,388 29,988,209
B rld p e to n & S aco It F e b ru a ry _
3,739
35,981
3,909
39,244
B uir Ito c h & P i t t s b . 2d w k A p r
119,310
173,960 7,501,798 7,412 ,1 1 0
B u ffalo & K usq ____ F e b ru a ry _ 189,702
179,305 1.655.026 1,553,325
C a n a d ia n N o r th e r n . 2d w k A p r 374,700
306,500 15,095,400 11,557,700
C a n a d ia n P a c ific ___ 2d w k A p r 2,528,000 1,989,000 94,203,055 80,580,433
C e n tra l of G e o rg ia .. 1st w k A p r 299,400
233.300 11,193,829 10,454,484
C e n tra l of N ew J e r . F e b ru a ry
2,381,990 2,003,991 20,328,006 19,349,050
C e n tra l V e rm o n t___ F e b ru a ry
259,798 2,711,780 2,605,621
280,515
C hes * O hio L ines 2d w k A p r
602.502 26,678,301 25,9 2 3 ,9 4 7
055,810
C hicago & A lto n ___ 1st w k A p r
250,023 11,631,325 11,325,762
248,488
C hic B u rl & Q uincy F e b ru a ry . 0,771,218 6,158.715 59,250,992 61,041,879
p C hic G re a t W e s t. . 1st w k A p r
242,310 9,901,973 0 ,8 1 4 ,4 8 6
242,334
C hic In d & L o u lsv 2d w k A p r
123,948
119,782 5,114,776 4,8 3 2 ,8 2 5
C hic M em p h & G ulf J a n u a r y __
19,765
19,135
162,306
97,230
C hic M ilw & S t P au l F e b ru a ry . 4,903,318 •,483,070 12,504,222 44,74 2 ,0 8 3
Ch Mil & P u g Sd_ F e b ru a ry . 1,143,187 1,090,260 10,498,294 9,5 9 4 ,8 3 0
©Chic & N o rth W est F e b ru a ry . 5.969.051 5,692,971 51,020,739 52,9 0 6 ,5 6 0
©Chic S t P a u l M & O F e b ru a ry . 1,153,030 1,186,209 10,390,889 11,379,113
C hic T It & S E ____ J a n u a r y . .
177.955
140,019 1,130,101 1.309.534
Cln H am & D a y to n F e b ru a ry .
697,155
6 4 9 ,6 9 “ 0,753,502 6,4 1 1 ,1 0 0
C o lo rado M id la n d .. F e b ru a ry .
117,972 1,315,999 1.374 .5 3 5
118,605
267,870 11,420,009 13,093,074
6 C o lorado & S o u th . 2d w k A p r 223,062
10,508
14.875
C ornw all _________ F e b ru a ry .
109,083
127,528
18,829
21,993
C o rn w a ll* L e b a n o n F e b ru a ry .
228,971
205,611
315,921 2,318,513 1,893 ,6 4 0
367,376
C u b a I ta llr o a d _____ F e b ru a ry .
D ela w are * H u d so n F e b ru a ry . 1,804,388 1,482,295 14,035,475 13,810,072
D el L a c k & W e s t . . F e b ru a ry . 2,763,755 2,477,778 24,700,965 23,890,108
D cn v & R io G ran d e 2d w k A p r 421.000
420.300 18,431,615 18,572,303
W e ste rn P a c i f ic .. F e b ru a ry .
326.058
3.588.027
D e n v e r N W & P a c . F e b ru a ry .
52*315
09.875
855,189
755*824
D e tro it T ol & Iro n t 1st w k A p r
31,201
29,090 1,428,405 1,448,049
D e tro it * M ackinac 2d w k A pr
27.734
23,315
931,503
058,740
D ul & Iro n R a n g e .. F e b ru a ry .
138,312 4,644,701 5,3 6 5 ,8 0 0
113,998
D u l So S h & A tl___ 1st w k A p r
55,007 2,387,045 2,41 2 ,0 3 1
57,076
E lg in J o lie t & E a s t : F e b ru a ry _ 849,214
524,052 6,557,069 5,34 1,197
El P a so & S o u W est F e b ru a ry .
507,110 4,939,039 4 ,8 5 8 ,4 4 8
008,589
E r ie ______ _________ F e b ru a ry . 4,391,671 4,001,893 38,627,162 37,8 0 4 ,8 4 3
2,536
F a irc h ild & N E ___ F e b ru a ry .
10,008
2,024
17,548
499,212 2,542,022 2,2 8 4 ,9 0 5
548.757
F lo rid a E a s t C o a s t. F e b ru a ry .
04,250
65,849
028,594
F o n d a J o h n s & Glov F e b ru a ry _
620,890
2 9 2 ,70C 271,084 2,341,915 2,2 1 7 ,8 0 2
G eo rgia R a ilro a d
F e b ru a ry .
891,154 38,507,459 35,2 1 9 ,5 3 0
G ran d T r u n k S y s t . . 2d w k A p r 937.000
178,101
108,405 4,905,494 4 ,6 5 8 ,6 3 0
G ran d T rk W e s t. 4 th w k Moll
55,050
51,634 1,705,274 1,552,840
D o t G r I l a v & MU 4 th w k M ch
52,850 1,554,234 1,414,605
55,205
C a n a d a A tla n tic . 4 th w k M ch
4,799,511 1,429,957 49,540,268 40,1 1 1 ,3 7 0
G reat N o rth e rn S y st M arch
105,461
G ulf * S h ip Is la n d F e b ru a ry .
159,025 1,339,191 1,348,276
H o c k in g V a lle y ____ F e b ru a ry
418,980 5,023,473 5,0 8 8 ,3 8 6
570,430
Illin o is C e n t r a l ____ M arch . . .
5,048,805 5,194,038 44,537,393 47,7 4 2 ,8 9 5
I n tc r n a t& G rtN o rtb 2d w k A p r
100,000 8,391,204 7,4 4 8 ,2 5 8
167.000
a In te ro c e a n lc M ex 2d w k A p r
149,127 6,705,270 7,039,878
173,280
K a n a w h a & M ic h .. J a n u a r y _ .
233,930 1,902,380 1,929,497
231,529
K a n s a s C ity S o u th . F e b ru a ry .
749,938 0,395,225 6,070 ,4 3 7
791,301
K C M ex & O rle n t. 4 th w k J a n
53,340
58,323 1,090,008 1,169,028
L c h ig h V a lie y _____ F e b ru a ry . 2,968,954 2.026,30 25,067,250 2 4 ,2 4 ' ,129
47,444
L e x in g to n & E a s t._ F e b ru a ry
38.734
356,236
330,160
121,394
L o u isia n a * A r k a n . J a n u a r y . .
125,246
800,365
844,429
L o u lsv fie n d & S t I F e b ru a ry
88,686
100,072
804,578
830,206
sL o u tsvIllc & N ash v 2d w k A p r 1,076,090
083,460 44,565,323 43,4 6 2 ,1 0 5
M aco n & B lrm ’h am M arch
15,57
16,820
125,945
129,074
M ain e C e n tr a l_____ F e b ru a ry .
698,078 7,138,284 6,618 ,3 3 6
807.059
M a ry la n d & P e n n a . F e b ru a ry
27,787
28,732
200,020
289,780
a M exican R a ilw a y . 3d w k Mch
107,100
187,800 5,951,000 0,2 3 9 ,8 0 0
14,459
M in eral R a n g e _____ 1st w k A p r
14,685
589,087
580,800
140,117 6,074,752 0,8 0 1 ,2 7 4
147,022
M inn & S t L o u i s . . ] 1st w k A p r
Io w a C e n tra l___/
391,008 20,817,510 17,442,295
M in n S t P & S S Ml 2d w k A p r 521,527
C hicago D ivision]
72,725
66,804
591,255
M ississippi C e n tra l. F e b ru a ry .
018,995
452,136 22,894,102 23,6 4 0 ,9 7 0
433,129
u Mo K a n & T e x a s . 2d w k A p r
928,000 43,277,282 42,1 4 8 ,5 0 7
930,000
M isso u ri P a c llc ____ 2d w k A pr
089,026 1,032.685 8,040,738 8,1 4 8 ,0 0 6
N a sh v C h a tt & S t L F e b ru a ry .
988,645 19,335,437 50,33 7 ,4 6 3
a N a t R y s of M e x .f. 2d w k A pr 1,251,109
0,234
265,593
0,053
256,423
N cv ad a-C a l-O reg o n 1st w k A pr
141,800 1,092,069 1,115,752
120,812
N O G re a t N o rth e rn F e b ru a ry .
152,847 1,292,603 1,237,207
106,790
N O M obile & C h ic . F e b ru a ry .
© N Y C * H u d R Iv . F e b ru a ry . 7,539,404 7,113,781 70,832,927 07,838,544
L a k e S h o re & M S F e b ru a ry . 3,905,558 3,414,725 33,429,389 32,8 3 8 ,3 1 4
386,494 3.761,218 3,7 7 9 ,5 4 6
n L a k c E rIc & W . F e b ru a ry _
438,801
C ldc In d & S o u th F e b ru a ry .
299,832 2,650,054 2,424 ,3 8 3
372,105
M ichigan C en tral. F e b ru a ry . 2,311,431 2,188,321 20,805,408 20,25 7 ,0 5 2
Clove C C * S t L _ F e b ru a ry . 2,424,027 2,232,456 20,674,721 20,81 9 ,0 7 3
P e o ria & E a s te rn . F e b ru a ry .
262,507
252,550 2 ,1 47,465 2,5 0 2 ,9 8 8
C in c in n a ti N o r th . F e b ru a ry _ 100,542
81,790
885,7 1 5
900,749
P itts & L a k e Erie F e b ru a ry . 1,257,911 1,017,173 10,862,037 10,800,045
N Y C hic & S t L . F e b ru a ry .
913,835
827,205 7,003,731 7,5 0 7 ,6 2 7
T o l & O hio C e n t. F e b ru a ry .
380,817
284,138 3 ,0 0 8 ,7 1 0 3,5 4 7 ,3 1 7
T o t all lines a b o v e F e b ru a ry . 19900998 18095531 177330412 173202107
J u ly 1 to Latest D a te .
L atest G ross E a r n in o s .
ROADS.
W eek o r
M o n th .
C u rre n t
Y e a r.
P r e v io u s
Y e a r.
C u rre n t
Y e a r.
P re v io u s
Y e a r.
5
N Y N II & H a r t f .. F e b ru a ry
4,848 .9 6 2 4,182 ,7 7 4 42,695,568 41,3 2 5,7 1 5
N Y O n t & W e st . . F eb ru ary
727,068
604,552 6 ,1 5 3 ,5 8 5 6 ,2 6 3 ,7 9 4
N Y S u sq & W e s t . . F e b r u a r y
295,2 1 6
310,652 2 ,6 1 7 228 2 ,5 1 6 ,2 5 4
N o rfo lk S o u t h e r n . . F e b r u a r y
251,182
228,622 2 ,0 7 8 ,8 1 5 1,886,934
N o rfo lk & W e s te r n . F e b r u a r y _ 3 ,0 4 9 ,5 6 2 2,563,081 2 5 ,9 7 3 ,3 9 7 2 3 ,9 8 8,7 4 0
N o r th e r n P a c ific ___ F e b r u a r y _ 4 ,2 5 2 ,9 2 8 4,058 ,5 3 2 4 2 ,6 5 1 ,3 7 0 44,79 2 ,0 0 0
P aolflc C o a st C o ___ F e b r u a r y .
462,623
449,023 5,068,259 5 ,3 5 6 ,8 7 5
P e n n s y lv a n ia R R _ . F e b r u a r y . 13171737 11186442 108113858 105451698
B a lt C hes & A tla n F e b r u a r y _
12,082
190,724
13,065
189,895
C u m b e rla n d V a il. F e b r u a r y _ 226,618
213,566 1,958,146 2 ,0 8 3 ,0 2 5
L o n g I s la n d _____ F e b ru a ry .
645,043
561.354 7,14 5 ,7 5 6 6 ,6 6 3 ,5 3 5
M a ry l’d Del & V a F e b r u a r y .
4,958
6,231
9 4 ,1 1 5
95,032
N Y P h lla & N o rf F e b r u a r y .
244,152
229,907 2 .1 9 7 ,4 1 5 2 ,2 4 3 ,5 5 3
N o r th e r n C e n tra l. F e b r u a r y . 1,003,636
881,4 2 7 8 ,4 9 7 ,2 9 8 8 ,5 7 6 ,4 5 9
P h lla B a l t * W ash F e b r u a r y . 1,464,505 1,324,41 12,696,151 12,724,997
W J e r s e y & S eash F e b r u a r y .
348,039
317,134 4 ,3 2 8 ,0 0 6 4 ,1 9 1 ,2 3 9
P e n n s y lv a n ia C o ___ F e b r u a r y . 3 ,9 3 6 ,0 9 7 3 ,4 4 6 .3 2 4 3 5 ,2 9 3 ,7 8 2 3 5 ,5 3 2 ,8 0 3
375,034
G ra n d R a p & I n d F e b r u a r y .
380,302 3 ,4 2 0 ,4 8 8 3 ,5 0 1 ,7 5 0
P i t t s C ln C h * S t L F e b r u a r y _ 3 ,1 8 7 ,8 3 2 2,746,208 2 0 ,8 0 0 ,9 7 7 2 6 ,7 3 1 ,6 2 5
V a n d a l i a _______ F e b r u a r y _ 837,247
751,617 0,88 6 ,5 6 8 7 ,2 2 8 ,5 8 0
T o ta l lin es—
E a s t P itt s & E . F e b r u a r y . 17862477 15465501 154347631 151491751
W e s t P itt s & E F e b r u a r y . 8,421,328 7 ,4 0 6 ,3 9 7 7 5.204,652 7 5 ,4 7 4 ,4 3 4
A ll E a s t& W e st F e b r u a r y . 26283805 22871898 229552286 220966188
P o re M a r q u e tte ____ 1st w k A p r 331,939
291,851 12,930,415 1 2,412,157
R e a d in g C o m p a n y P h ila & R e a d in g . F e b r u a r y . 3 ,6 8 2 ,8 1 4 3,233,079 3 0,728,092 2 9 ,9 9 6 ,4 4 9
C oal & Iro n C o ._ F e b r u a r y . 4,031,46212,306,915 2 6 ,0 9 7 ,6 5 6 2 2 ,4 8 9 ,6 0 5
T o ta l b o th c o s ___ F e b r u a r y . 7 ,7 1 4 ,2 7 6 5,539,994 50,825,748 5 2 ,4 8 6 ,1 1 4
R ic h F re d & P o to m F e b r u a r y .
224,328
189,191 1,591,170 1,463,571
R io G ra n d e J u n o ___ J a n u a r y . .
67,261
62,050
629,402
616,110
R io G ra n d e S o u t h . . 1 st w k A p r
10,311
10,469
385,674
4 4 4,519
R o ck Is la n d L i n e s . . F e b r u a r y . 5,03 3 ,6 1 4 4,864 ,7 0 5
,8 7 3 ,0 2 4 4 6 ,7 0 9 ,4 8 5
R u tla n d ________
F e b ru a ry .
227,624
218,900
306,266 2 .3 1 1 ,2 3 3
S t J o s & G ra n d I s l. F e b r u a r y _ 114,382
107,180
,075 ,9 9 0 1,164,403
S t L o u is & S a n F r a n F e b r u a r y . 3 ,3 8 7 ,5 9 0 3 ,3 1 9 ,0 1 9
.922 ,0 8 7 29,70 2 ,5 3 7
/ C hic & E a s t 111. F e r b u a r y . 1,210,725 1,117,874
,598,159 1 0,405,817
T o ta l all lin e s ___ F e b r u a r y . 4 ,6 0 4 ,3 1 5 4 ,4 3 0 .8 9 2
,5 2 0 ,2 4 6 4 0 ,1 0 8 ,3 5 3
S t L R o c k M t & P __ F e b r u a r y .
183,987
139,885
,318,475 1.457,111
S t L o u is S o u th w e s t. 2d w k A p r
188,000
189,000
,636,309 9 ,8 1 9 ,8 5 8
742,169
S a n P c d L A & S L . F e b ru a ry .
576,754
815,310 5 ,3 3 7 ,8 2 6
S e a b o a rd A ir L i n o .. 1st w k A p r 573,229
537.810
723,984 16,898,238
S o u th e r n P acific Co F e b r u a r y . 9,992 ,7 5 7 0,614 ,7 2 6
067,273 9 0 ,7 4 1 ,5 3 5
S o u th e r n R a i l w a y . . 2d w k A p r 1,266,557 1,144,913
390,710 4 8 ,5 3 8 ,6 2 4
130,831
M o b ile & O h io ___ 1st w k A p r
207,575
742,590 8 ,5 7 8 ,4 5 4
159,027
177,417
C ln N O & T e x P . 1st w k A p r
3 8 4,483 7 ,0 8 7 ,5 1 4
74,209
79,395
A la G re a t S o u th . 1st w k A p r
663,100 3 ,5 0 0 ,1 0 6
G eo rg ia S o u & F la 1st w k A p r
43,850
48,120
914,329 1,891,771
2,234
T e n n A la & G eorgia 1st w k A p r
2 ,196
74,811
81,159
T e n n e sse e C e n t r a l . . F e b r u a r y .
109,202
114,030 1,009,241
9 9 8 ,0 0 5
T e x a s & P a c ific ____ 2d w k A p r 278,498
239.810 13,891,876 1 3,100,730
T id e w a te r & W e s t. F e b ru a ry .
7,166
7,482
6 4.617
57,217
T o led o P o o r & W e st 1st w k A p r
19,373
18,273 1,000,478 1 ,0 0 4 ,9 0 0
T o led o S t L & W e st 1st w k A p r
6 8,679
04,121 3 ,0 3 8 ,2 3 8 2 ,9 1 4 ,5 0 5
T o m b lg b ec V a lle y . . F e b r u a r y _
10,013
U n io n P acific S y s t . F e b r u a r y . 6,198.320 5,627 ,6 7 3 59,0 2 4 ,4 0 3 6 1 ,7 6 2 ,8 0 5
V irg in ia & So W e s t. F e b ru a ry .
139,240
114,829 1,156,174
928,281
V lr g ln t a n __________ F e b r u a r y .
392,448
250,636 3 ,1 6 0 ,1 7 6 2 ,3 4 1 ,5 0 3
W a b a s h ___________ M a r c h ____ 2 ,251, 637 2 ,472,44 2 2 1 ,6 2 5 ,5 4 7 2 2 ,7 0 2 ,2 8 5
W e s te rn A lary la n d . F e b r u a r y .
553,290
476,437 4 ,7 4 0 ,1 8 7 4 ,8 2 1 ,1 4 5
W h e el & L a k e E r ie . M a r c h ____
680,543
501,484 5,816 ,4 4 2 5 ,0 9 7 ,2 4 8
W r lg h ts v & T c n n llle F e b ru a ry .
29,470
30,784
245,574.
228,448
Y azoo & M iss V alley M a r c h ____
862,501
910,177 7 730,185 8 ,5 0 2 ,8 3 3
V a r io u s F is c a l Y ea rs .
P e r io d .
D ela w are * H u d s o n _____ _____
N Y C e n tra l & H u d so n R i v e r .e .
L a k e S h o re & A llchigan S o u th
L a k e E rie & W e s t e r n . n _____
C hicago I n d ia n a & S o u th e rn .
M ich ig an C e n tr a l____________
C levc Cln C hicago & S t L ouis
P e o ria & E a s t e r n ____________
C in c in n a ti N o r th e r n ............ ....
P itt s b u r g h & L a k e E r ic _____
N ew Y o rk C h icag o & S t L ouis
T o le d o & O h io C e n tr a l______
T o ta l all l i n e s . . * ........................
P e n n s y lv a n ia R a ilr o a d ............ ..
B a ltim o re C h esap & A tla n tic .
C u m b e rla n d V a lle y .................
L o n g I s l a n d ............ ....................
A la ry la n d D e la w a re * V irg in ia
N Y P h ila d e lp h ia & N o r f o lk ..
N o r th e r n C e n t r a l..........
P h ila d e lp h ia B a lt & W a s h . . .
W e st J e r s e y & S e a s h o r e _____
P e n n s y lv a n ia C o m p a n y .................
G ra n d R a p id s & I n d i a n a ___
P itt s b C IncIu C hic & S t L ouis
V a n d a lia ...........................
T o ta l lin es— E a s t P i t t s & E rie
W e st P i t t s * E rie
All lin es E & W .
R io G ra n d e J u n c t i o n __________
R u t l a n d _________________ _____
T e x a s & P a c ific ________________
Jan
Jan
Jan
Ja n
Jan
Ja n
Ja n
Jan
Ja n
Jan
Jan
Jan
Jan
Jan
Jan
•Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Ja n
Jan
Jan
Jan
Jan
Dec
■Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to F eb
to F eb
to F e b
to F eb
to F eb
to F e b
to F eb
to F eb
to F eb
to F eb
to F e b
to F eb
to F eb
to F eb
to F eb
to F eb
to F e b
to F eb
to F eb
to F eb
to F eb
to F eb
to F e b
to F eb
to F eb
to F eb
to F e b
to F e b
to F e b
to J a n
to F e b
to A p ril
29
29
29
29
29
29
29
29
29
29
29
29'
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
31
29
14
C u rre n t
Y e a r.
P r e v io u s
Y e a r.
5
3,50 1 ,5 5 7
15,086,728
7,81 3 ,4 3 4
864,566
700,289
4 ,7 0 0 ,3 3 3
4,60S,691
493,460
192,756
2,49 0 ,7 7 3
1,797,529
778,337
40,1 8 6 ,8 9 6
25,95 2 ,1 2 8
21,608
458,097
1,311,400
9,776
469,406
1,959,234
2,90 1 ,2 4 6
007,726
7 ,8 2 2 ,6 0 3
733,983
0,392,658
1,686,230
35,2 7 7 ,6 5 2
10,812,045
5 2,089,098
145,036
463.380
4 ,6 8 6 ,2 0 1
S
3 ,0 5 4 ,9 0 0
14,900,864
7,131 ,2 3 1
8 3 7,103
610,474
4 ,5 5 0 ,2 4 0
4 ,5 7 7 ,3 3 8
558,678
181,404
2 ,0 3 1 ,8 6 9
1,718,273
623,018
3 7 ,7 2 0 ,4 9 2
23,54 0 ,2 7 4
2 5,980
4 4 6,510
1,198,422
12,456
469,518
1,916,101
2 ,7 6 5 ,8 6 0
634,061
7 ,1 2 9 ,8 3 3
775,779
5,858 ,9 2 3
1,576 ,1 4 0
3 2 ,5 6 0 ,6 0 7
15,505,568
4 8 ,0 7 2 ,1 7 6
137,981
447.741
4 ,1 5 5 ,6 0 0
AGGREGATES OF GROSS EARNINGS—Weakly and Monthly.
•
W eekly S u m m a rie s .
O u r 'n t Y ear P re v 's
$
2 0 ,138,140
13.109,182
13,233,616
13,450,409
14,943,017
13,281,812
13,603,439
13,740,405
19,496,029
14,119,697
$
Y ear
I n c . o r D e c.
%
S
+ 2 ,2 00,875 12.27
+ 1,170,711 9.81
+ 603,327 4.78
+ 798,444 6.31
+ 2,09 1 ,0 1 6 16.27
+ 747,009 5.96
+ 471,471 3.59
+ 694,648 j.3 2
+ 2 4 8 ,3 1 0 1.29
+ 0 0 9 ,9 1 1 6.89
M o n th ly S u m m a rie s .
M ile a g e . G u r . Y r .
P r e v .Y r .
C u r’ rU Y e a r P re v 's
Year
In c . or D ec.
w eek J a n (44 r o a d s ) -----17,936,265
J u n o _______2 43,732 240,012 2 3 1 .6 9 7 ,0 5 3 238,1 5 6 ,7 5 5 — 6,459 ,7 0 2 2.71
w eek F eb (39 r o a d s ) -----11,938,471
J u l y ________244,508 240,088 2 3 1 ,6 8 8 ,0 0 6 2 3 3 ,1 6 9 ,8 8 7 — 1,481,881 0 .6 5
w eek F eb (40 r o a d s ) -----12,630,319
2 4 0 ,1 7 0 253,0 4 3 ,1 0 2 2 5 4 ,8 8 6 ,9 4 4 — 1.84 3 ,8 4 2 0.72
A u g u s t_____ 244,531
w eek F eb (42 r o a d s )-----12,651,965
S e p t e m b e r . . 245,494 2 4 0 ,8 2 5 2 5 7 ,2 5 6 ,7 6 256,7 4 8 ,7 7 5
+ 507,987 0.19
w eek F eb (43 r o a d s ) -----12,852,001
241,321 266,0 6 4 ,1 2 9 2 6 3 ,6 3 7 ,3 5 6 + 2 ,4 2 6 ,7 7 3 0.92
O c t o b e r ___215.633
w eek Mch (43 ro a d s ) -----12,534,803
231.563 2 4 1 ,3 4 3 ,7 6 3 243,1 1 1 ,3 8 8 — 1 ,7 0 7 ,6 2 5 0.73
N o v e m b e r ..2 3 4 ,2 0 0
w eek Mch (43 ro a d s ) -----13,131,968
2 3 5,685 2 3 3 ,6 1 4 ,9 1 2 2 3 2 ,2 7 5 .1 7 7 + 1,339 ,7 3 5 0.57
D e c e m b e r ..2 3 8 ,5 6 1
w eek Mch (41 r o a d s ) -----13.045.757
234,402 2 1 0,704,771 2 1 3 ,1 4 5 ,0 7 8 — 2 ,4 4 0 ,3 0 7 1.14
J a n u a r y ___237,8 8 8
w eek Mch (39 r o a d s ) ____
19,247,719
F e b r u a r y ..2 3 7 ,0 8 2 233,191 2 1 8,031,094 1 9 7,278,939 + 2 0 ,7 5 2 ,1 5 5 10.52
w eek A p r (43 r o a d s ) -----13,209,786
A larch ............. 88,168
8 6 ,4 9 5 ' 6 8,404.320 64,7 0 1 ,4 0 2 + 3 ,7 0 2 ,9 1 8 5 .7 3
a M exican c u rre n c y .
a r e In clu d ed , o In c lu d e s th e B o sto n & A lb a n y , th e New Y o rk & O tta w a , th e S t. L a w ren o e & A d iro n d a c k a n d th e O tta w a & N . Y . R y .. th e l a t t c r
o f w h ich , being a C a n a d ia n ro a d , docs n o t m a k e re tu rn s to th e I n te r S ta t e C o m m erce C o m m issio n . / In clu d es E v a n sv ille & T e rre H a u te a n d E v a n s"
y lllo * In d ia n a H R . a Includesi th e C leveland L o ra in * W h e elin g R y . In b o th y e a rs , n In c lu d e s th e N o r th e r n O hio R R . p In c lu d e s e a rn in g s of
M aso n C ity * I 't. D odge a n d W isconsin M in n e so ta * P acific, s In c lu d e s L o u isv ille & A tla n tio a n d th e F r a n k f o r t & C in c in n a ti, t In c lu d e s th e
M ex ic an I n te r n a tio n a l fro m J u ly 1910. u In c lu d e s th e T e x a s C e n tra l. © In c lu d e s n o t o n ly o p e r a tin g r e v e n u e s , b u t also all o th e r r e c e ip ts .
4 th
1 st
2d
3d
4 th
1st
2d
3d
4 th
1st
THE CHRONICLE
1114
I N D U S T R I A L C O M P A N IE S .
-D a l. o f N e t E a r n s .—
- I n t . , R e n ta ls , & c .—
C u rr e n t
P r e v io u s
C u rre n t
P r e v io u s
Y ea r.
Y e a r.
Y ea r.
Y e a r.
C o m p a n ie s .
$
S
5
S
2 4 ,3 5 1
2 3 ,9 6 4
2 3 ,0 8 9
2 4 ,9 9 9
.M c h
7 1 ,4 5 3
7 3 ,0 5 6
7 0 ,5 6 0
7 5 ,1 1 9
J a n 1 t o .Mch 3 1 .
2 8 1 ,0 6 2
6 4 ,7 3 6
2 7 1 ,9 7 1
7 2 ,2 3 6
igs Co E le c t L t & P .M c h
2 3 1 3 ,3 0 8
2 2 9 0 ,5 9 0
1 9 4 ,2 0 8
2 1 6 ,7 0 8
J a n 1 t o M ch 3 1 .
6 ,5 8 8
4 ,8 8 1
5 ,0 3 3
6 ,3 2 3
.M ch
2 1 ,7 9 3
1 4 ,6 4 4
1 4 ,9 8 2
1 8 ,9 5 4
J a n 1 to M ch 3 1 .
5 ,9 3 5
9 ,0 4 0
7 ,3 1 2
7 ,8 1 6
.M ch
2 0 ,2 7 0
3 0 ,4 4 5
2 1 ,3 3 9
2 3 ,4 9 9
J a n 1 t o M ch 3 1 .
2 2 ,8 4 1
2 4 ,5 6 1
1 0 ,8 4 1
.M ch
1 1 ,8 8 0
Latest Gross Earnings by Weeks.— I n the table w hich
follow s we sum up s ep a ra tely the earnings fo r the firs t week
week of A p r il.
T h e ta b le covers 43 roads and shows 6.8 9 %
increase in the aggregate o ver the same week la s t yea r.
F ir s t W eek o f A p r i l .
Alabama Great Southern_____
Ann Arbor------------------------Atlanta Birm & Atl--------------Buffalo Roch & Pitts________
Canadian N orthern...................
Canadian Pacific____________
Central of Georgia___________
Chesapeake & Ohio....................
Chicago & Alton____________
Chicago Great Western_______
Chicago Ind & Louisville_____
Cine New Orl & Texas Pac____
Colorado &Southern_________
Denver <5c Rio Grande________
Detroit & Mackinac_________
Detroit Toledo & Ironton-------Duluth So Sh & A tl_________
Georgia Southern & Fla--------Grand Trunk of Canada—
1
Grand Trunk Western------ |
Detroit Grand Hav & Milw. }
Canada Atlantic___________ J
International & Gt Northern—
Interoceanic of Mexico---------Louisville & Nashville.................
Mineral Range-------------------Alinneapolis & St Louis_______1
Iowa Central______________ I
Minneapolis St P & S S M____ )
Chicago Division------- ------ !
Missouri Kansas & Texas-------Missouri Pacific_____________
Mobile & Oiho______________
National Rys of M exico-------Nevada-Cal-Oregon--------------Pere M arquette...........- ............
Rio Grande Southern-----------St Louis Southwestern---------Seaboard Air Line---------------Southern R a ilw ay---------------Tenn Ala & Georgia...................
Texas & Pacific...........................
Toledo Peoria & Western..........
Toledo St Louis & Western-----
1912.
1911.
S
7 9 ,3 9 5
5 1 ,2 0 3
5 8 ,9 8 0
1 2 8 ,1 4 4
3 8 1 ,8 0 0
2 ,5 1 9 ,0 0 0
2 9 9 ,4 0 0
6 3 7 ,5 3 1
2 4 8 ,4 8 8
2 4 2 ,3 3 4
1 2 0 ,5 7 6
1 7 7 ,4 1 7
2 3 1 ,9 4 4
4 1 8 ,7 0 0
2 9 ,5 6 9
3 1 ,2 6 1
5 7 ,0 7 6
4 8 ,1 2 0
S
7 4 ,2 0 9
3 6 ,6 2 6
4 6 ,6 7 1
1 7 3 ,9 5 9
3 2 8 .3 0 0
2 ,0 4 6 ,0 0 0
2 3 3 .3 0 0
5 4 4 ,4 2 2
2 5 0 ,0 2 3
2 4 2 ,3 1 0
1 1 5 ,2 7 1
1 5 9 ,0 2 7
2 4 9 ,0 3 8
4 0 2 ,9 0 0
2 1 ,9 4 1
2 9 ,0 9 0
5 5 ,6 0 7
4 3 ,8 5 9
I n c r e a s e . D ecrea se
9 3 9 ,7 5 3
8 5 7 ,7 9 7
8 1 ,9 5 6
1 5 0 .0 0 0
1 3 9 ,1 2 0
1 ,0 7 8 ,8 4 5
1 4 ,6 8 5
1 4 7 ,0 2 2
1 3 9 .0 0 0
1 9 1 ,1 2 5
9 9 8 ,7 8 0
1 4 ,4 5 9
1 4 0 ,1 1 7
8 0 ,0 6 5
226
6 ,9 0 5
5 7 4 ,2 4 3
3 9 7 ,8 5 5
1 7 6 ,3 8 8
4 3 7 ,1 6 6
9 1 9 .0 0 0
1 3 0 ,8 3 1
1 ,0 5 0 ,3 7 6
6 ,6 5 3
3 3 1 ,9 3 9
1 0 ,3 1 1
1 8 4 .0 0 0
5 7 3 ,2 2 9
1 ,3 2 0 ,1 5 0
2 ,1 9 6
2 6 1 ,1 8 8
1 9 ,3 7 3
6 8 ,6 7 9
4 4 2 ,1 3 7
9 5 1 .0 0 0
2 0 7 ,5 7 5
1 ,2 4 1 ,6 2 4
6 .2 3 4
2 9 1 ,8 5 1
1 0 ,4 6 9
1 9 9 .0 0 0
5 3 7 ,8 1 0
1 ,2 1 7 ,5 3 2
2 .2 3 4
2 2 8 ,2 4 0
1 8 ,2 7 3
6 4 ,1 2 1
$
5 ,1 8 6
1 4 ,5 7 7
1 2 ,3 0 9
4 5 ,8 1 5
5 3 ,5 0 0
4 7 3 ,0 0 0
66,100
A fte r a llo w in g fo r o th e r in c o m e r e c e iv e d .
y A f t e r a llo w in g fo r o u t s id e o p e r ., h ir e o f e q u ip , a n d o t h e r in c o m e .
2
9 3 ,1 0 9
ELECTRIC RAILWAY AND TRACTION COMPANIES.
24
5 ,3 0 5
1 8 ,3 9 0
1 7 ,0 9 4
1 5 ,8 0 0
7 ,6 2 8
2 ,1 7 1
1 ,4 6 9
4 ,2 6 1
11,000
5 2 ,0 0 5
4 ,9 7 1
3 2 ,0 0 0
7 6 ,7 4 4
1 9 1 ,2 4 8
419
4 0 ,0 8 8
158
1 5 ,0 0 0
3 5 ,4 1 9
1 0 2 ,6 1 8
3 2 ,9 4 8
1,100
4 ,5 5 8
1 4 ,1 1 9 ,6 9 7 1 3 ,2 0 9 ,7 8 6 1 ,3 4 6 ,5 1 9
9 0 9 ,9 1 1
T o t a l (43 r o a d s) . . .
N e t in c r e a s e ( 6 .8 9 % ) .
4 3 6 ,6 0 8
Net Earnings Monthly to Latest Dates.— I n o u r “ R a i l w a y
E a r n i n g s ’’ S e c tio n o r S u p p l e m e n t w h ic h a c c o m p a n ie s t o - d a y ’s
is s u e o f th e “ C h r o n ic le ,” w e g iv e th e F e b r u a r y f i g u r e s o f e a r n in g s
o f a ll s te a m r a ilr o a d s w h ic h m a k e it a p r a c tic e to is s u e m o n th ly
r e tu r n s o r a r e r e q u ir e d to d o so b y th e I n te r - S ta te C o m m e r c e
C o m m is s io n .
T h e r e a d e r i s r e fe r r e d to th a t S u p p l e m e n t f o r
f u l l d e ta ils r e g a r d in g th e F e b r u a r y r e s u lts f o r a ll th e s e p a r a te
c o m p a n ie s .
t
I n the fo llo w in g we g ive a ll statem ents th a t have come in
the present week covering a la te r o r a d iffe re n t period from
th a t to w hich the issue of the “ R a ilw a y E a rn in g s Section”
is devoted.
W e also add the re tu rn s of the in d u s tria l com
panies received th is week.
------- N e t E a r n in g s ------------- G ro ss E a r n in g s —
C u rr e n t
P r e v io u s
C u rr e n t
P r e v io u s
Y ea r.
Y ea r.
Y ea r.
Y e a r.
J
i
S
S
B o s t o n & M a i n e .b — ■
_____ __
2 ,8 0 6 ,1 7 6
2 ,5 0 1 ,4 6 9
O c t 1 t o D e c 3 1 ________ 1 1 ,7 4 1 ,2 6 4 1 1 ,3 9 9 ,2 0 4
5 ,9 5 3 ,3 2 9
6 ,0 3 0 ,6 6 3
J u ly 1 t o D e c 3 1 _____ „ . 2 4 ,0 3 9 ,5 3 0 2 3 ,5 2 9 ,7 8 2
9 .5 8 9 ,0 4 5 1 0 ,8 7 9 ,4 1 8
J a n 1 to D e c 3 1 ________ 4 5 ,3 2 4 ,8 3 1 4 4 ,1 3 0 ,7 6 7
N e w Y o r k N e w H a v e n & H a r t .b —
5 ,9 4 7 ,0 6 4
5 ,4 0 2 ,2 0 0
O c t 1 to D e c 3 1 ________ 1 6 ,5 1 7 ,8 0 7 1 5 ,8 8 9 ,8 8 0
J u lv 1 to D e c 31
3 2 ,9 6 3 ,0 0 1 3 2 ,3 6 5 ,2 2 1 1 2 ,2 1 9 ,6 8 0 1 1 ,7 2 1 ,4 4 2
J a n 1 t o D e c 3 1 .................6 2 ,7 5 1 ,2 1 4 6 1 ,9 7 7 ,8 2 3 2 1 ,7 5 3 ,0 4 0 2 1 ,5 9 1 ,4 8 2
2 1 4 ,7 2 3
1 0 3 ,3 1 5
P e r e M a r q u e t t e .b _______M ch 1 ,2 9 9 ,3 1 6
1 ,3 0 4 ,0 4 1
2 ,4 6 3 ,6 5 5
2 ,4 2 9 ,6 3 8
J u ly 1 to M ch 3 1 .............. 1 2 ,5 9 8 ,4 7 6 1 2 ,1 2 0 ,3 0 6
I N D U S T R I A L C O M P A N IE S
R oads.
--------G ro ss E a r n in g s -------- -------N e t E a r n in g s ------C u rr e n t
P r e v io u s
C u rr e n t
P r e v io u s
C o m p a n ie s .
M ch
A t la n t ic C ity E t e c tr ic .
J a n 1 to M ch 3 1 .
M ch
I*
J a n 1 t o M ch 3 1 . ____
E d is o n E l 111 ( B o s t o n ) . .M c h
.M c h
.M c h
K in g s C o E l L t & P . a .
.M c h
Jan
1 to M ch 3 1 .
.M c h
J a n 1 to M ch 3 1 .
.M c h
$
3 0 ,9 0 8
9 2 ,4 2 4
3 0 ,1 1 3
9 6 ,4 5 4
5 0 5 ,8 4 3
4 ,4 3 0 ,5 3 0
9 9 ,3 0 0
2 9 4 ,3 1 7
4 2 3 ,0 2 0
1 ,3 6 9 ,0 6 8
3 3 ,3 6 0
9 9 .2 2 9
3 6 ,1 5 2
1 1 3 ,6 9 0
6 7 ,3 5 0
$
2 7 ,0 6 4
8 1 ,4 8 0
2 6 ,3 1 6
8 1 ,5 8 5
4 7 1 ,6 3 0
4 ,0 2 2 ,2 7 6
9 5 ,8 6 2
2 8 6 ,4 3 8
3 7 3 ,7 1 7
1 ,2 0 2 ,5 1 4
2 7 ,7 2 5
8 4 ,6 4 5
3 2 ,8 8 4
1 0 4 ,1 6 5
6 0 ,5 1 9
?
1 4 ,5 8 7
4 2 ,7 0 9
1 5 ,1 7 0
5 2 ,1 7 1
2 9 7 ,5 3 3
2 ,6 6 4 ,7 9 4
4 8 ,9 6 3
1 4 6 .5 7 2
1 4 8 ,5 9 8
5 4 5 ,8 7 8
1 2 ,9 1 1
4 0 ,7 4 7
1 6 ,8 6 2
5 3 ,9 4 4
3 0 ,1 4 1
$
1 3 ,4 6 9
3 5 ,4 1 2
1 4 ,9 6 5
4 5 ,9 5 4
2 7 7 ,2 8 7
2 ,3 4 4 ,7 9 0
4 8 ,0 4 0
1 4 3 ,6 2 2
1 3 1 ,8 8 0
4 7 5 ,0 6 2
9 ,9 1 4
2 9 ,6 2 6
1 3 ,2 4 7
4 1 ,6 0 9
3 3 ,6 8 2
a N e t e a r n in g s h e r e g iv e n a r e a fte r d e d u c t in g t a x e s ,
b N e t e a r n in g s h e r e g iv e n a r e b e fo r e d e d u c t in g t a x e s .
Interest Charges and Surplus.
- I n t . , R e n ta ls , A c .—
C u rr e n t
P r e v io u s
Y e a r.
Y e a r.
$
$
R oads.
B o s t o n & M a in e —
O ct
1 t o D e c 3 1 .................. 2 ,6 3 3 ,3 4 0
J u ly
1t o D e c 3 1 ________ 5 ,1 8 1 ,8 6 3
Jan
1 to D e c 3 1 ________ 1 0 ,2 5 4 ,2 5 6
N e w Y o r k N e w H a v e n & H a r t—
O ct
1 t o D e c 3 1 ________ 5 ,6 5 0 ,9 8 5
J u ly
1 to D e c 31
.
.1 1 ,0 6 6 ,3 4 9
Jan
1t o D e c 3 1 _________1 0 ,2 2 7 ,2 2 9
P e r e M a r q u e t t e . ______ M ch
3 9 6 ,3 9 0
J u ly 1 t o M ch 3 1 _______ 3 ,5 3 1 ,1 5 6
— D a l. o f N e t E a r n s .—
C u rr e n t
P r e v io u s
Y ea r.
Y ea r.
5
S
2 .6 5 4 ,7 2 0
g 4 4 5 ,8 6 3
2 9 6 ,4 6 6
5 ,1 7 2 ,7 3 9 x l . 2 7 4 ,2 4 8 x l , 2 6 9 ,9 3 0
1 0 ,1 9 4 ,6 1 8
2 3 5 5 ,3 0 2 2 1 ,5 1 3 ,9 3 3
5 ,1—6 1 ,1
3 3 ------------2 2 ,0 8 2 ,3 7 3 2 1 ,6
,—
. 0 5 ,4 1 6
1 0 ,4 8 5 ,3 2 8 2 5 ,2 1 5 ,4 6 0 2 4 ,5 5 7 ,1 2 0
2 1 ,5 0 7 ,4 0 7 2 1 3 8 4 5 ,6 5 2 2 9 ,7 1 4 ,9 2 2
4 0 3 ,5 7 1 ( /d e f 3 4 7 ,4 4 3 2 d c f 2 3 5 ,2 6 0
3 ,3 0 3 ,3 3 3 y d f 1 5 8 7 , 2 8 1 ( /d f l3 1 7 ,0 0 8
IN D U S T R IA L C O M P A N IE S.
9 ,0 9 1
7 ,2 1 7
2 6 ,6 5 6
2 0 ,6 8 4
4 ,7 5 7
4 ,2 9 3
1 4 ,2 7 0
1 2 ,9 5 0
A t la n t ic C ity E l e c t r i c . . .M c h
J a n 1 to M ch 3 1 ---------C a n to n E le c t r ic -------------- M ch
J a n 1 to M ch 3 1 -----------
5 ,4 9 6
1 6 ,0 5 3
1 0 ,4 1 3
3 7 ,9 0 1
[VOL. LXXXXIV
6 ,2 5 2
1 4 ,7 2 8
1 0 ,6 7 2
3 3 ,0 0 4
L a te s t G ro s s E a r n in g s .
N a m e of
R oad.
W eek or
M o n th .
Jan.
1
to la te st d a te .
C u rr e n t
Y ea r.
P r e v io u s
Year
C u rr e n t
Y ear.
S
S
S
0 9 9 ,3 1 2
A m e r ic a n R y s C o ------ M a r c h ____ 3 7 5 ,2 6 7 3 4 7 ,0 3 3
6 3 ,7 2 4
2 0 ,7 0 0
2 3 ,7 7 0
A t la n t ic S h o r e R y — M a r c h ____
2 4 6 ,3 5 7
c A u r E lg in & C h ic R y F e b r u a r y . 1 2 0 ,6 4 0 1 1 2 ,2 9 6
1 0 4 ,9 6 6
4 1 ,9 0 0
5 1 ,5 1 8
B a n g o r R y & E le c Co F e b r u a r y .
2 3 ,1 8 0
8 ,3 5 1
1 1 ,0 1 9
B a t o n R o u g e E le c Co F e b r u a r y .
9 6 ,6 2 3
2 9 ,0 0 0
3 3 ,1 6 9
B in g h a m t o n R a ilw a y M a r c h ____
1 4 ,0 4 5
6 ,4 2 0
6 ,8 8 2
B ro ck & P ly m S t R y . F eb ru a ry .
2 3 3 ,5 9 9
1 9 2 0 ,2 7 4 1 8 0 4 ,0 3 7
B k ly n R a p T r a n S y s t D e c e m b e r
5 2 ,0 2 0
2 2 ,0 8 3
2 3 ,6 9 3
C a p e B r e t o n E le c C o . F e b r u a r y .
1 0 4 .0 3 3
2 9 ,1 5 1
3 3 ,6 9 2
C a r o lin a P o w & L t Co M a r c h ____
6 3 8 ,0 6 3
5 0 ,1 8 0
5 3 ,0 2 8
C e n t P a r k N & E R lv D e c e m b e r
6 6 ,9 7 8
2 0 8 ,1 5 1
7 0 ,8 0 6
C e n tr a l P e n n T r a c — M a r c h ____
1 5 7 ,6 6 1
6 9 ,2 6 4
7 6 ,6 5 7
C h a tta n o o g a R y & L t F eb ru a ry .
4 4 ,6 2 5
2 1 ,0 5 3
2 1 ,7 1 7
C lc v P a ln e s v & E a s t . F e b r u a r y .
1 5 6 ,9 8 9
7 4 ,4 0 6
7 7 ,4 1 8
C le v S o u t h w & C o lu m F e b r u a r y .
86,200
4 7 ,0 2 4
4 1 ,8 8 4
C o lu m b u s (G a) E l Co F e b r u a r y .
,4 0 9 .2 7 3
1 0 3 ,1 9 0 1 0 3 ,5 0 8
C o n e y I s la n d & B k ly n D e c e m b e r
2 6 4 ,9 2 1
1 2 9 ,7 5 1 1 1 9 ,9 6 5
D a lla s E le c t r ic C o r p . F e b r u a r y .
,9 6 0 ,8 8 6
1 8 3 ,3 7 3 1 6 0 ,5 8 8
D e t r o it U n it e d R y . . 2 d w k M ch
6 1 7 .0 3 4
4 7 ,7 1 2
5 2 ,9 4 0
D D E B & B a t (R e c ) D e c e m b e r
1 7 1 ,4 9 1
7 8 ,0 9 1
8 3 ,6 4 7
D u lu th -S u p e r io r T r a c F e b r u a r y .
3 7 6 ,8 4 4
E a s t S t L o u is & S u b . F e b r u a r y . 1 8 5 ,8 0 9 1 6 8 ,6 8 0
1 3 1 ,4 1 9
5 4 ,8 5 0
6 1 ,6 4 4
E l P a s o E le c t r ic ____ F e b r u a r y .
1 1 4 ,8 2 6
4 9 ,7 6 3
5 6 ,0 8 6
F a lr m & C la rk s T r C o F c b r u a r y .
,6 0 6 ,3 8 2
1 3 4 ,0 4 3 1 1 3 ,2 0 8
4 2 d S tM & S N A v (R e c ) D e c e m b e r
2
8 2 ,4 5 2
9
9
,9
2
8
1
3
6
,4
4
5
F
e
b
r
u
a
r
y
.
G a lv -H o u s E le c C o . .
1 8 9 ,0 7 5
8 1 ,8 3 6
9 1 ,6 2 7
G ra n d R a p id s R y C o . F e b r u a r y .
7 1 7 ,8 4 3
4 4 ,6 6 1
5 0 ,3 8 2
H a v a n a E le c tr ic R y . W k A p r 14
I lo n o lu lu R a p id T ra n
3 7 ,8 2 4
91 ,3 8 6
4 5 ,9 0 0
& L a n d C o ------------- F e b r u a r y .
44 ,0 9 5
2 0 ,5 6 7
2 1 ,9 7 0
H o u g h t o n C o T r a c Co F e b r u a r y .
8 8 9 ,5 3 1
H u d s o n & M a n h a tta n F e b r u a r y . 4 3 4 ,3 2 3 3 6 2 ,2 7 1
616 ,7 0 4
I llin o is T r a c tio n C o . . J a n u a r y ___ 6 1 6 ,7 0 4 5 7 3 ,9 7 1
I n te r b o r o R a p T r a n . D e c e m b e r 2 8 4 5 ,0 9 6 2 7 6 0 ,3 8 9 3 0 ,3 3 1 ,5 8 2
9 5 ,7 9 0
4 6 ,9 7 3
4 5 ,9 1 2
J a c k s o n v ille T r a c C o . F e b r u a r y
169 ,2 7 1
7 6 ,2 5 8
8 2 ,1 1 8
L a k e S h o r e E le c R y . F e b r u a r y .
2 0 9 ,2 5 6
1 3 ,2 1 1
1 4 ,0 7 0
L o n g I s la n d E le c t r ic . D e c e m b e r
1 1 4 8 ,6 8 5 1 1 1 6 ,9 1 9 1 3 ,6 5 6 723
M e tr o p o lita n S t (R e c ) D e c e m b e r
4 6 6 ,5 4 6 4 2 3 ,5 2 4 5 ,0 3 8 ,691
M ilw E l R y & L t C o . D e c e m b e r
8 0 .8 9 4 1,121 ,2 0 5
9 0 ,3 3 3
M ilw L t . l i t & T r C o . D e c e m b e r
811 ,9 5 7
M o n tr e a l S t r e e t R y - - F e b r u a r y . 3 9 3 ,9 9 5 3 3 0 ,7 3 7
3 2 6 ,0 7 3
N a s h v ille R y & L ig h t F e b r u a r y . 1 5 9 ,9 3 9 1 5 1 ,2 8 2
6 ,3 8 0 ,9 0 0
N e w O r le a n s R y & L t D e c e m b e r ..
21*452
3 1 4 ,101
3 3 ,7 3 3
N Y C ity I n t e r b o r o .. D e c e m b e r
2 4 ,7 9 5
3 8 9 .1 6 8
2 8 ,1 3 1
N Y & L o n g Isl T ra c D ecem b er
8 5 ,6 0 5 1 ,2 5 3 ,981
9 8 ,9 5 9
N Y & Q u eens C o . . . D ecem b er
10,868
23 ,4 7 3
1 1 ,9 6 9
N o r th a m E a s t o n & W F e b r u a r y .
2 0 ,8 7 3
2 5 2 ,1 7 4
2 4 ,1 2 4
N o C aro P u b S e r v Co D e c e m b e r
4 0 7 .5 9 8
N o r th O h io T r a c & L t F e b r u a r y . 1 9 8 ,2 0 9 1 7 2 ,4 1 3
228,1 8 3
N o r th T e x a s E le c C o . F e b r u a r y . 1 1 3 ,4 8 8 1 0 9 ,0 8 8
3 ,1 0 1
123 0 8 7
4 ,2 5 3
O c c a n E le c t r ic (L I) . D e c e m b e r
2 0 ,7 0 5
47 ,6 2 3
2 2 ,9 3 0
P a d u c a h T r a c d c L t Co F e b r u a r y .
2 2 ,3 2 0
4 5 .2 7 6
2 3 ,0 1 5
P e n s a c o la E le c t r ic Co F e b r u a r y .
P h lla R a p id T r a n s Co M a r c h ____ 1 8 8 3 ,3 7 3 1 7 8 1 ,6 7 0 5 ,4 1 7 2 5 4
P o r t(O r e ) R y ,L & P C o . F e b r u a r y . 5 1 8 ,9 2 7 4 7 8 ,2 6 3 1 ,0 5 0 ,1 4 0
2 0 3 ,8 0 9
P u g e t S o u n d E le c C o . F e b r u a r y . 1 2 8 ,7 3 4 1 3 2 ,1 3 5
2 3 ,4 0 0
362, 033
2 5 ,7 8 0
R ic h m o n d L t & R R . D e c e m b e r
R Io d e J a n e ir o T r a m
L ig h t & P o w e r C o . F e b r u a r y . 1 0 8 0 ,9 2 6 9 4 1 ,2 1 3 2 ,1 8 9 ,9 4 5
S t J o s e p h (M o) R y .L t
1 9 4 ,2 4 2
8 3 ,1 2 6
9 1 .7 0 1
H e a t & P o w e r Co F e b r u a r y .
7 2 1 ,2 9 3
S a o P a u lo T r a m ,L & P F e b r u a r y . 3 5 7 ,7 8 2 2 7 9 ,4 5 7
1 1 4 ,7 9 8
5 1 ,3 0 1
5 6 ,4 3 9
S a v a n n a h E le c t r ic Co F e b r u a r y .
8 6 3 ,0 5 4
S e a t t le E le c t r ic C o . . F e b r u a r y . 4 1 3 ,8 3 8 4 2 8 ,5 5 7
0 3 7 ,4 6 6
6 4 ,0 1 5
7 7 ,2 6 0
S e c o n d A v e ( R e c ) ___ D e c e m b e r
1 2 5 ,6 6 3
8 ,5 9 7
9 ,8 5 3
S o u th e r n B o u le v a r d D e c e m b e r
5 2 ,7 6 6
1 4 ,5 9 1
1 7 ,8 4 0
S o u W is c o n s in R y Co M a r c h ------2 7 9 ,7 3 0
1 5 ,7 8 9
1 8 ,0 2 6
S t a t e n I s l’d M id la n d . D e c e m b e r
1
2 0 ,4 1 0
5
7
,3
3
5
5
9
,6
5
9
F
e
b
r
u
a
r
y
.
T a m p a E le c t r ic C o .
3 1 6 ,6 2 9 2 9 1 ,4 1 6 3 ,6 8 0 ,4 0 9
T h lr u A v e n u e ( R e c ) . D e c e m b e r
4 ,8 5 1 ,5 4 1
T o r o n t o R a ilw a y C o . D e c e m b e r ..
5 0 4 ,4 5 2
T r l-C Ity R y & L t C o . F e b r u a r y . 239', 6 0 9 2 2 0 ,2 0 9
T w in C ity R a p T r a n 1 s t w k A p r 1 5 0 ,4 1 3 1 4 0 ,5 7 0 2 .0 4 9 ,7 9 1
U n d e r g r o u n d E le c R y
of L ondon—
£ 2 1 7 ,2 5 0
T h r e e t u b e l i n e s . . W k A p r 13 £ 1 3 ,6 2 0 £ 1 2 ,6 6 5
£ 1 8 7 ,9 1 5
M e tr o p o lita n D ls t W k A p r 13 £ 1 2 ,0 7 0 £ 1 1 ,2 4 5
£ 8 5 ,1 9 6
£ 0 ,7 5 0
£ 8 ,1 8 5
U n ite d T r a m w a y s . W k A p r 13
£ 6 1 3 ,4 8 5
L o n d o n G e n ’l B u s . W k A p r 13 £ 5 0 ,9 2 6 £ 3 5 ,7 3 9
2
.4
7 1 ,0 3 3
1
7
2
,7
5
8
1
9
9
,8
5
0
D
e
c
e
m
b
e
r
U n io n (R e c )
6 0 7 ,2 7 6
U n io n R y .G & E C o d ll) F e b r u a r y . 2 9 3 ,5 5 4 2 5 1 ,0 8 5
F e b r u a r y - 8 9 3 ,9 1 9 8 6 3 ,9 9 0 1 ,8 2 6 ,8 1 4
U n it e d R y s o f S t L
U n ite d R R s o f S a n Fr F e b r u a r y . 6 4 9 ,2 7 9 5 7 7 ,5 8 0 1 ,3 2 0 ,0 7 2
6 0 1 ,8 9 8
4 1,9 4 1
4 5 ,7 4 6
W e s t c h e s t e r E l (R e c ) D e c e m b e r
6 0 ,5 1 3
3 1 ,3 5 0
3 4 ,0 0 4
W h a tc o m Co R y & L t F eb ru a ry .
5
2
,3
7
5
0 7 8 ,4 2 7
5
7
,0
3
6
Y onk ers R R (R e c ). D ecem b er
1 5 ,8 6 7
3 4 ,4 1 7
1 7 ,1 5 9
Y o u n g s t & O h io R lv F e b r u a r y .
P r e v io u s
Y e a r.
$
,0 1 9 ,9 0 7
5 4 ,9 6 9
2 3 3 ,4 9 2
8 7 ,0 7 6
1 8 ,1 8 7
8 4 ,0 5 4
1 3 ,8 9 1
,8 0 8 ,8 8 7
4 9 ,5 2 6
8 9 ,1 1 7
4 3 5 ,2 6 6
1 0 4 ,7 3 6
1 4 2 ,7 9 8
4 4 ,1 0 7
1 5 4 ,5 1 3
7 6 ,0 0 2
,4 9 6 ,3 8 6
2 5 5 .1 4 5
,7 3 3 ,9 2 3
6 0 6 ,7 8 5
1 6 2 ,2 8 8
3 5 7 ,4 0 4
1 1 6 ,6 1 9
1 0 2 ,1 2 7
,4 3 3 ,2 8 4
2 1 1 ,0 9 4
1 7 3 ,9 0 3
6 8 4 ,2 0 5
7 6 ,7 4 5
4 3 ,8 2 3
7 4 8 ,6 6 8
5 7 3 .9 7
20 ,3 4 9 ,5 2 5
9 9 ,7 3 8
1 0 0 ,8 2 7
2 0 7 ,5 4 7
3 ,3 3 0 ,2 3 0
4 ,0 9 4 ,3 9 2
1 ,0 5 6 ,7 5 0
7 0 0 ,8 6 2
3 1 3 ,1 8 5
6 ,0 9 9 ,2 3 4
2 3 3 ,2 5 8
3 7 0 ,6 7 7
1 ,1 2 2 ,1 3 8
2 2 ,7 9 0
2 1 7 ,3 1 2
3 5 8 ,6 8 5
2 3 3 .0 9 7
1 1 0 ,5 7 0
4 2 ,4 9 2
4 4 ,6 8 9
5 ,0 9 9 ,3 8 1
9 8 9 ,8 8 7
2 7 4 ,3 8 6
3 4 0 ,4 8 5
1 ,9 4 0 ,7 8 8
1 7 4 ,1 1 4
5 6 1 ,8 1 3
1 0 5 ,1 0 4
9 0 7 ,2 8 5
8 4 5 ,0 6 2
1 1 1 .1 4 5
4 3 ,2 3 2
2 6 1 ,2 7 6
1 1 0 ,5 5 9
3 ,4 3 2 ,0 1 3
4 ,3 7 7 ,1 1 6
4 6 2 ,7 3 0
1 ,9 5 3 ,6 8 1
£211,000
£ 1 7 8 , 190
£ 8 0 ,0 2 1
£ 4 6 7 ,0 5 1
2 ,2 2 5 ,2 7 6
5 2 8 ,0 0 7
1 ,7 8 4 ,9 0 9
1 ,2 1 5 ,8 9 3
5 3 2 ,4 2 5
6 4 ,7 8 7
' 3 2 ,7 8 8
c T h e s e fig u r e s a r e fo r c o n s o lid a t e d c o m p a n y .
Electric Railway Net Earnings.— T h e fo llo w in g table gives
the re tu rn s of E L E C T R I C ra ilw a y gross and net earnings
reported this week:
— G r o s s E a r n in g s -----C u rr e n t
P r e v io u s
Y ea r.
Y e a r.
$
$
2 0 ,7 0 0
2 3 ,7 7 0
A t la n t ic S h o r e R y . b ____ M ch
5 4 ,9 6 9
0 3 ,7 2 4
J a n 1 t o M ch 3 1 _______
2 9 ,0 0 0
3 3 ,1 6 9
B in g h a m to n R y ________M ch
8 4 ,0 5 4
9 6 ,6 2 3
J a n 1 t o M ch 3 1 _______
2 9 ,1 5 1
3 3 ,6 9 2
C a r o lin a P o w e r & L t .
M ch
8 9 ,1 1 7
1 0 4 ,0 3 3
J a n 1 t o M ch 31
6 6 ,0 7 8
7 0 ,8 0 6
M ch
C e n tr a l P c n n a T r a c t .
1 0 4 ,7 3 0
2 0 8 ,1 5 1
J a n 1 t o M ch 31
2 0 ,7 0 5
2 2 ,9 3 0
P a d u ca h T ract & Lt a . . Feb
4 2 ,4 9 2
4 7 ,6 2 3
J an 1 to F eb 2 9 .
1 .,7 8 1 ,6 7 9
P h lla d c lp h la R a p T r a n s M ch 1 ,8 8 3 ,3 7 3
1 6 ,7 6 1 ,6 6 2 1 5 ,8 3 1 ,9 1 5
J u ly 1 to M ch 3 1 .
3 6 2 ,3 7 2
3 4 7 ,1 2 6
V lr g ln ia R y & P o w e r . . M ch
3 ,2 3 5 ,2 4 7
J u ly 1 to M ch 3 1 . . . . . 3 ,4 1 5 ,0 1 9
-------N e t E a r n in g s ------C u rr e n t
P r e v io u s
Y ea r.
Y ea r.
S
5
450
4 ,8 0 0
2,112
5 ,7 5 4
9 ,8 3 9
1 3 ,7 5 5
3 2 ,1 9 9
3 9 ,0 7 0
1 1 ,0 7 3
1 0 ,0 8 2
3 5 ,3 9 5
3 7 ,7 7 8
1 8 ,4 3 5
1 9 ,9 5 0
4 8 ,8 2 8
5 5 ,5 0 8
0 ,4 4 4
8 ,3 3 7
1 2 ,8 2 5
1 7 ,3 6 9
6 6 3 ,4 2 1
7 1 4 ,2 8 9
6 ,4 4 6 ,7 4 2
6 ,0 6 2 ,3 3 5
1 6 7 ,7 9 4
1 4 7 ,7 5 6
1 ,5 9 0 ,3 4 7
1 ,5 0 1 ,8 5 7
a N e t e a r n in g s h ere g iv e n a r e a fte r d e d u c t in g t a x e s ,
b N e t e a r n in g s h ere g iv e n a r e b e fo r e d e d u c tin g t a x e s .
m •1
A pr . 20 1912.
THE CHRONICLE
Interest Charges and Surplus.
— I n t ., R e n ta ls , & c .—
C u rr e n t
P r e v io u s
Y e a r.
Y e a r.
R oads.
$
$
— R a l . o f N e t E a r n s .—
C u rr e n t
P r e v io u s
Y e a r.
Y ea r.
$
$
B in g h a m t o n R y ________ M c li
9 ,5 1 9
9 ,3 0 4
4 ,2 3 6
535
J a il 1 t o M ch 3 1 _______
2 8 ,8 0 2
2 8 ,7 4 0
1 0 ,2 6 8
3 ,4 5 9
P a d u c a h T r a c t A L t -------F e b
6 ,2 2 0
5 ,7 9 8
215
2 ,5 3 9
J a n 1 t o F e b 2 9 _______
0 1 2 ,4 7 2
1 1 ,5 9 4
352
5 ,7 7 5
P h ila d e lp h ia R a p T r a n s -M c h
7 4 4 ,5 7 7
7 3 7 ,4 0 5 d c t.3 0 ,2 8 8 d c f 7 3 ,9 8 0
6 ,6 8 1 ,7 6 6 d e f 2 9 7 ,9 2 2 d c f 6 1 9 ,4 3 5
J u ly 1 t o M ch 3 1 ---------- 6 ,7 4 4 ,6 6 4
V ir g in ia R y & P o w e r . . . M ch
1 1 8 ,8 1 7
1 1 4 ,7 6 6
* 5 3 ,9 6 0
* 3 5 ,5 9 2
J u l y 1 t o M ch 3 1 ----------- 1 ,0 6 4 ,0 5 4
1 ,0 4 0 ,0 4 6
* 5 8 7 ,7 0 8
* 4 7 5 ,0 6 1
* A fte r a llo w in g fo r o t h e r I n c o m e r e c e iv e d .
year of subsidiary co m p a n ies.) In bonds ow ned th e principal changes were th e new
Item of Lake E rie A P ittsburgh R y . 1st M. 4 H % . S 2 ,150,000, and th e following
decreases: Penn. S teel R olling sto ck tr. 4% , $300,000, P enn . S teel Freight Car tr.
4 % , $1,000,000; P enn . S teel E q u ip . Im p t. tr. 4% , $1,000,000; P enn . G en. freight
E quip, tr. 4% , S 2 ,200,000; P enn . R R . W ater sup p ly tr. 4% , $ 1 ,0 0 0 ,0 0 0 .— E d .]
O p e r a tin g R e v e n u e s —
N o n - t r a n s p o r t a t io n r e v e n u e .
T o t a l o p e r a t in g r e v e n u e
E pen ses—
A N N U A L R E PO R T S,
Annual Reports.— A n
in d e x to a n n u a l rep o rts of steam
railro a d s , stree t ra ilw a y s and miscellaneous companies w hich
h ave been published d u rin g the preceding m o n th w ill be
g ive n on the la s t S a tu rd a y of each m o n th . T h is in d e x w ill
n o t include reports in the issue of the “ C hro nicle” in w hich
i t is published. T h e la te s t in d e x w ill be found in the issue
of M a rc h 30. T h e n e x t w ill appear in th a t of A p r il 27.
1115
E ACCO U N T
1911.
5
3 7 ,2 2 7 ,1 8 3
8 ,4 4 5 ,0 1 1
1 ,0 7 5 ,9 5 9
1 ,2 9 9 ,1 2 9
1 ,7 7 3 ,8 3 4
2 8 9 ,4 7 4
1910.
$
4 1 ,7 0 0 ,9 6 7
8 ,1 5 5 ,6 4 7
1 ,0 1 0 ,7 3 4
1 ,3 2 6 ,7 3 9
1 ,5 9 3 ,2 2 5
2 9 3 ,5 6 2
1909.
S
3 6 ,7 4 8 ,2 2 8
7 ,1 9 0 ,1 0 9
1 ,0 0 6 ,6 9 4
1 ,2 0 8 ,2 0 5
1 ,4 1 4 ,9 8 9
2 0 6 ,5 3 7
-- 5 0 ,1 1 0 ,5 9 0
5 4 ,1 7 0 ,8 7 4
4 7 ,7 7 4 ,7 6 3
!S
T r a ffic .
O u ts id e
6 ,0 9 6 ,7 3 7
8 ,9 0 4 ,2 3 0
8 9 2 ,2 8 4
_ 1 7 ,4 9 0 ,7 6 9
1 ,0 4 1 ,7 8 3
7 ,0 3 3 ,8 2 8
9 ,4 6 4 ,7 1 0
9 1 9 ,3 1 1
1 8 ,6 4 7 ,3 3 3
9 9 8 ,0 8 9
6 ,0 0 0 ,7 2 7
7 ,4 7 9 ,5 1 9
8 0 7 ,0 5 3
1 5 ,3 0 9 ,7 0 3
8 7 5 ,6 7 7
3 4 ,4 2 5 ,8 0 3
1 5 ,6 8 4 ,7 8 7
3 5 ,8 2 5
2 ,2 2 2 ,9 0 6
3 7 ,0 6 3 ,2 7 1
1 7 ,1 0 7 ,6 0 3
5 9 ,2 6 1
2 ,1 0 5 ,6 6 8
3 0 ,4 7 2 ,6 7 9
1 7 ,3 0 2 ,0 8 4
3 3 ,4 0 9
1 ,8 6 8 ,3 8 2
1 3 ,4 2 6 ,0 5 6
1 ,4 9 6 ,0 7 7
1 4 ,9 4 2 ,6 7 3
2 ,5 6 9 ,2 0 5
1 5 ,4 0 0 ,2 9 3
3 ,6 3 3 ,5 1 8
1 1 ,9 2 9 ,9 7 9
1 ,1 9 3 ,9 4 5
1 8 ,9 3 4
1 2 ,3 7 3 ,4 6 8
1 1 ,7 3 6 ,2 9 2
6 9 ,9 7 0
1 ,0 6 1 ,5 5 4
3 4 ,2 1 9
1 1 ,7 6 6 ,7 7 5
1 0 ,6 7 1 ,7 1 0
3 4 3 ,4 1 8
9 5 6 ,1 0 4
1 6 ,1 5 8
2 5 ,5 2 2 ,2 9 2
2 5 ,2 7 5 ,5 0 3
2 3 ,7 5 4 ,1 6 5
4 ,7 5 9 ,4 1 8
3 5 3 .8 1 8
7 8 3 ,1 4 3
8 ,0 9 9 ,4 1 4
4 ,8 1 7 ,6 4 8
2 6 1 ,8 8 1
1 ,1 2 8 ,2 7 9
7 ,4 1 8 ,4 0 7
4 ,8 7 5 ,9 2 2
2 8 3 ,8 0 6
7 3 0 ,2 5 7
6 ,8 1 7 ,9 2 8
o p e r a t io n s — d e f i c i t .
Pennsylvania Company.
{ R e p o r t f o r F i s c a l Y e a r e n d i n g D e c . 31 1911.)
P res. M cC rea, P itts b u rg h , M ch. 27, w ro te in substance:
I n c o m e .— T h e r e v e n u e s o f th e lin e s d ir e c t ly o p e r a te d s h o w a d e c r e a s e o f
5 4 ,0 6 0 ,2 8 4 , o r 7 .5 0 % , d u e c h ie fly to a r e d u c tio n o f 3 4 ,5 6 3 ,7 8 4 , o r 1 0 .9 2 % ,
in fr e ig h t r e v e n u e , a n d p a r t ia lly o ffs e t b y a n in c r e a s e o f 5 5 3 5 , 19 7 , o r 1 .9 7 % ,
In p a s s e g e r , m a il a n d o t h e r tr a n s p o r t a t io n r e v e n u e . T h e r e d u c t io n in
fr e ig h t r e v e n u e w a s c a u s e d b y a d e c r e a s e o f 1 1 .2 8 % in t o n m ile a g e . T h e
c o m m o d it ie s s h o w in g th e la r g e s t d e c r e a s e s w e r e b it u m in o u s c o a l, c o k e , o r e s,
s t o n e , s a n d a n d lik e a r tic le s , p ig a n d b lo o m ir o n , c a s t in g s a n d m a c h in e r y ,
a n d b a r a n d s h e e t m e ta l; t h e s e a r t ic le s b e in g p a r tic u la r ly a ffe c te d b y th e
d u ln c s s p r e v a ilin g In th e Iron a n d s t e e l b u s in e ss in th e e a r ly m o s . o f t h e y e a r .
T h e fa llin g o ff in r e v e n u e s w a s p a r t ia lly o v e r c o m e b y th e r e d u c tio n o f
5 2 ,6 3 7 ,4 6 9 , o r 7 .1 2 % , in o p e r a t in g e x p e n s e s . T h e r e w a s a d e c r e a s e o f
5 9 3 7 ,0 9 1 , o r 1 3 .3 2 % , in m a in t e n a n c e o f w a y a n d s tr u c t u r e s .
In m a in t e
n a n c e o f e q u ip m e n t th e r e d u c t io n w a s 5 5 6 0 ,4 8 0 , o r 5 .9 2 % . T h e d e c r e a se
o f 5 1 ,1 5 6 ,5 6 4 , or 6 .2 0 % , in t r a n s p o r t a t io n e x p e n s e s w a s d u e to a r e d u c tio n
o f 1 7 .9 1 % in m ile a g e o f fr e ig h t tr a in s a n d t o a h e a v y r e d u c tio n In t h e y a r d
fo r c e s . T a x e s in c r e a s e d 5 1 1 7 ,2 3 7 , o r 5 .6 %
I n c o m e fr o m in v e s t m e n t s , I n te r e s t, r e n ts , & c ., in c r e a s e d 3 6 9 0 ,2 7 9 . A fte r
d e d u c t in g fix e d c h a r g e s a n d s in k in g f u n d s , th e r e w a s a n e t I n c o m e o f 5 9 ,7 9 7 ,
5 3 5 , a d e c r e a s e o f 5 3 9 ,4 4 5 .
O u t o f t h is n e t in c o m e , $ 1 ,5 0 0 ,0 0 0 w a s s e t
a s id e to t h e g e n e r a l fu n d ; $ 1 6 8 ,2 0 5 w a s p a id o n a c c o u n t o f p r in c ip a l o f
m a t u r in g c a r tr u s ts; d iv id e n d s a g g r e g a tin g 7% w e r e p a id u p o n th e c a p it a l
s to c k ; 5 2 ,5 0 0 ,0 0 0 tr a n s fe r r e d to t h e r e s e r v e fo r a d d it io n s a n d b e t t e r m e n t s ,
a n d t h e b a la n c e o f 5 2 9 ,2 7 0 w a s c r e d ite d to p r o fit a n d lo s s a c c o u n t
C o n str u c tio n a n d E q u ip m e n t.— T h e r e w a s e x p e n d e d fo r c o n s t r u c t io n
e q u ip m e n t a n d real e s t a t e o n t h e lin e s w e s t o f P it t s b u r g h 5 1 2 3 5 0 4 4 8 o f
w h ic h 5 8 ,2 5 9 ,5 4 0 w a s c h a r g e d to c a p it a l a n d 5 4 ,0 9 0 ,9 0 7 to s u r p lu s in c o m e
o r r e se r v e for a d d it io n s a n d b e t t e r m e n t s , a s fo llo w s :
C a p it a l.
In c . or R es.
P e n n s y lv a n ia C o m p a n y lin e s (c h ie fly P e n tia . C o .,
P i t t s . F t . W . A C h ic . R y ., C lc v . A P i t t s . R R . a n d
P i t t s . Y o u n g s t o w n A A s h t a b u la R y . ) ____________ $ 6 ,2 3 2 ,3 7 7
5 2 ,7 5 7 ,3 5 4
0 6 5 ,0 7 2
P i t t s . C ln . C h ic. A S t . L o u is R y . l i n e s ______________ 1 ,2 8 1 ,3 7 1
6 6 8 ,4 8 1
V a n d a lia a n d o th e r l i n e s ______________ _______________
7 6 5 ,7 9 2
S e c u r itie s O w n e d .— -Y our h o ld in g s o f s t o c k s w e r e in c r e a s e d b y t h e p u r
c h a s e o f a d d itio n a l C le v . A k r o n A C o l. R y . C o . s t o c k a n d t h e e n tir e o u t
s t a n d in g s t o c k o f th e C in e . A M u s k in g u m V a lle y R R . C o. a n d t h e b a la n c e
o f t h e o u t s t a n d in g s t o c k o f th e C le v . A M a r ie tta R y . C o ., b y t h e r e c e ip t o f
s p e c ia l b e t t e r m e n t s t o c k fr o m t h e le a se d lin e s in s e t t le m e n t o f b e t t e r m e n t
a c c o u n t s , a n d o f c a p it a l s t o c k fr o m t h e L a k e E r ie A P it t s b u r g h R y . C o .
in p a y m e n t fo r c a s h a d v a n c e d fo r c o n s t r u c t io n p u r p o s e s .
C o n tro lle d , A f f il ia te d a n d L e a se d R o a d s .— T h e C le v e la n d A P it t s b u r g h
R R . C o . in c r e a s e d it s a u th o r iz e d c a p it a l s t o c k fr o m 5 2 2 ,0 0 0 ,0 0 0 to $ 4 0 ,
0 0 0 ,0 0 0 , in o r d er to p r o v id e 4 % s p e c ia l g u a r a n te e d b e t t e r m e n t s t o c k , to
b e is s u e d o n a c c o u n t o f a d d it io n s a n d im p r o v e m e n ts .
A c o n s o lid a t io n w a s e ffe c te d b y a g r e e m e n t d a t e d J u n e 13 1911 b e tw e e n
t h e T o le d o W a lh o n d ln g V a lle y A O h io R R . C o . a n d th e C le v e la n d A M a ri
e t t a R y . C o ., fo r m in g th e T o le d o C o lu m b u s A O h io R iv e r R R ., h a v in g a n
a u t h o r iz e d c a p ita l s t o c k o f $ 1 2 ,0 0 0 ,0 0 0 , o f w h ic h $ 8 ,0 0 0 ,0 0 0 h a s b e e n is s u e d .
T h e P e n n s y lv a n ia C o m p a n y w ill c o n t in u e t o o p e r a te th e p r o p e r ty .
A c o n s o lid a t io n w a s e f fe c te d , b y a g r e e m e n t d a te d J u n e 13 1 9 1 1 , b e t w e e n
t h e C le v e la n d A k r o n A C o lu m b u s R y . C o . a n d t h e C in c in n a ti A M u s k in g u m
V a lle y R R . C o ., u n d e r th e n a m e o f t h e C le v e la n d A k r o n A C in c in n a ti R y .
C o ., w it h a n a u th o r iz e d c a p it a l s t o c k o f $ 1 2 ,0 0 0 ,0 0 0 , o f w h ic h $ 7 ,5 0 0 ,0 0 0
h a s b e e n I ss u e d . T h e ro a d w a s o p e r a te d u n d e r Its o w n o r g a n iz a tio n u n t il
t h e c lo s e o f th e y e a r , a n d w ill h e r e a fte r b e o p e r a te d b y th e P e n n s y lv a n ia C o.
T h e C in c in n a ti L e b a n o n A N o r th e r n R y . C o . is s u e d 5 4 0 0 ,0 0 0 o f it s c a p it a l
s t o c k , $ 1 1 0 ,0 0 0 to r e p r e s e n t a p o r tio n o f th e s u r p lu s in c o m e e x p e n d e d fo r
c a p it a l p u r p o s e s in p a s t y e a r s , a n d th e b a la n c e to p r o v id e fo r a c q u is it io n s
a n d I m p r o v e m e n ts .
T h e a u th o r iz e d c a p it a l s t o c k o f th e P e n n s y lv a n ia T e r m in a l R y . C o .,
o p e r a t in g In t h e C ity o f L o u is v ille , K y „ w a s in c r e a s e d to 5 1 ,0 0 0 ,0 0 0 , o f
w h ic h $ 7 5 9 ,6 0 0 w a s Issu ed t o e n a b le t h a t c o m p a n y t o p u r c h a s e v a r i
o u s p r o p e r tie s In L o u is v ille fro m t h e P it t s b u r g h C in c in n a ti C h ic a g o A S t .
L o u is R y . C o. an d th e P e n n s y lv a n ia L a n d C o.
T h e L a k e E r ie A P it t s b u r g h R y . C o ., in w h ic h th e P e n n s y lv a n ia C o . lia s
o n e - h a lf in te r e s t, In c r e a se d Its a u th o r iz e d c a p it a l s t o c k to 5 6 .0 0 0 ,0 0 0 , o f
w h ic h $ 1 ,3 0 0 ,0 0 0 w a s is s u e d t o p a r tly r e p a y c a s h a d v a n c e d fo r c o n s t r u c
t io n p u r p o s e s , a n d a ls o is s u e d fo r a lik e p u r p o s e a n e q u a l a m o u n t o f Its
fir st m o r tg a g e 4 J 4 % b o n d s , d a t e d J u n e 1 1 9 1 1 .
S T O C K H O L D IN G S O P T U P P E N N S Y L V A N I A C O M P A N Y D E C . 31 1911
A G G R E G A T IN G (A T P A R ) $225 ,5 3 2 ,4 5 0 .
B a lto . A O hio H it., p r e f_____$5,00 0 ,0 0 0 P enn sy lv a n ia Term inal R y __ $7 5 9 ,6 0 0
B a lto . A O hio H it., c o m ..........13,451,200 P enn. Tunnel A Term . R y ___ 10,0 0 0 ,0 0 0
Cambria S teel C o .......................... 2 2 ,5 0 4 ,1 0 0 P itts. Cln. Ch. A S t. L „ p r e f. 2 2 ,4 6 2 ,2 0 0
C entral Indiana R y ..... ................
6 0 ,000 P itts. Cln. Ch. A S t. L ., com .2 3 ,3 9 0 ,3 0 0
C lev. A P itts. H it. guar. s p e c . 2 ,6 5 2 ,9 5 0 P itts. F t. W ayne A Chicago
C leveland Akron A Cln. l t y . . . 7,49 8 ,4 8 8
R y . C o., guar, s p e c ia l_____4 4 ,1 0 1 ,8 0 0
Cln. R lchin. A F t. W a y n e ___ 1,276,000 P itts. Y oungstow n A A sh ta
Chic. Ind. A E astern R y .......... 1 ,000,000
bula R y . C o., p r e fe r r e d .. . . 5 ,7 7 5 ,0 0 0
Erie A P itts. R R ., guar. s p e c .
725,400 P itts.Y 'to w n A A sh. R y ., com . 2 ,1 0 0 ,0 0 0
Grand R apids A Indiana l t y . . 2 ,9 6 5 ,9 0 0 P itts. Joint S tock Y ards C o . . .
500,000
Lake Erie A Pittsburgh R y . 2 ,1 5 0 ,0 0 0 S outh Chic. A Southern R R . .
84 2 ,5 0 0
L ittle Miami I t lt ., spec, b e tt’t . 2 ,0 9 9 ,4 0 0 Terre H aute A P eo . R lt ., p r e f. 1,1 1 7 ,2 0 0
L ouisville Bridge C o ............ ..
900,300 Terre H aute A P eo . R R . ,com .
193,800
N orfolk A W estern R y ., pref
5 ,0 0 0 ,0 0 0 T oi. Peoria A W estern R y ___ 2 ,0 0 7 ,7 0 0
N orfolk A W estern R y ., c o m .. 2 ,2 8 0 ,0 0 0 T ol. C olum b. A O hio Itlv . R y . 8 ,0 0 0 ,0 0 0
Ohio C onnecting R y --------------- 2 ,0 0 0 ,0 0 0 V andalia R R ___ ........................... 11,633,400
P en n sylvan ia S teel C o., p r e f .. 9 ,1 5 8 ,3 0 0 W heeling T erm inal R y ............ .. 2 ,0 0 0 ,0 0 0
P enn sylvan ia Steel C o ., c o m . . 7 ,3 8 8 .9 0 0 M iscellaneous ................................ 2 ,5 3 8 ,0 1 2
B O N D S O W N E D B Y T H E P E N N S Y L V A N I A C O M P A N Y D E C . 31 1911,
A G G R E G A T IN G ( A T P A R ) $39 ,1 9 0 ,2 1 7 .
Cln. L cb. A N or. cons. M. 4 % . $ 4 00,000 P enn. S teel R o ll’g S tk . T r. 4 % $ 1 ,2 0 0 ,0 0 0
Chic. Ind. A E ’n 1st M. 5 % . .
5 0 0,000 P enn. S t. F r . Car T r. 4% g o ld . 4 ,3 0 0 ,0 0 0
C hic. Ind. A E ’n gen. M. 6 % . .
100,000 P enn . S t. E q . Im p t. T r. 4% . . 5 ,0 0 0 ,0 0 0
C en. Ind . R y. 1st M. 4% g o ld .
750,000 P enn. G en. F rt. E q . T r. 4% ..1 1 ,0 0 0 ,0 0 0
Gr. R ap. A Ind. R y. 2d M. 4% 3 ,2 3 7 ,0 0 0 P enn. R R . W ater S up p ly T r . . 6 ,0 0 0 ,0 0 0
Ind . A S t. L. R y . 1st M. 6% . .
5 0 0,000 T ol. Peoria A W est. 1st M. 4% 1,044,000
L. E . A P itts. R y. 1st M. 4H % 2 ,1 5 0 ,0 0 0 M iscellaneous b lo c k s .................... 1,009,217
L ong Island R R . equip, tr u s t. 2 ,0 0 0 ,0 0 0
T otal par valu e of stock s, $ 225,532,450: par v a lu e of bonds, S39.190.217; to ta l,
$234,722,667; cost, as per general balance sh e et, 5 2 0 3 ,4 1 0 ,2 5 6 . Of th e foregoing
securities there arc deposited as collateral w ith the various m ortgages and trust o b li
gations stock s of a par value of $ 1 1 4 ,0 2 7 ,1 0 0 . [The principal changes In th e stock
holdings from a year ago (all Increases) were: C leve. A P ittsburgh R R . special guaran
teed , $1,073,950; Lake Erie A P ittsb u rgh l t y ., $ 2 ,1 5 0 ,0 0 0 (new Item ); Norfolk
A W estern l t y ., com ., $780,000 (due to conversion o f bonds); P itts. Cln. Chic. A
S t. Louis co m ., $1,481,000; P itts. F t. W ayne A C hicago special guaranteed, $ 3 ,
3 3 8 ,3 0 0 . and the new Item s o f C leveland Akron A Cln. l t y ., $ 7 ,4 9 8 ,4 8 8 and Toledo
Colum bus A O hio Illvcr H it ., 8 8 ,0 0 0 ,0 0 0 (b oth due to consolidations during th
a
-- 1 2 ,2 0 0 ,5 1 5
.1 7 8 ,9 1 9
In te r e st,
S u n d ry a cc o u n ts.
D e d u c t—
I n t e r e s t o n b o n d s __________________
I n t e r e s t o n e q u ip m e n t t r u s t ______ . _
H ir e o f e q u ip m e n t __________________
P a y m e n t s a c c o u n t c a r s le a se d fr o m
P e n n s y lv a n ia H R _________________
A d v a n c e s to r a ilr o a d s _______ _______
S in k in g f u n d s ________________________
S u n d r y a c c o u n t s . _____ ______________
A d d e d t o g e n e r a l f u n d _______________
C ar t r u s t s , p r in c ip a l_________________
5 5 ,0 0 8
1 9 ,5 6 2
2 8 ,7 9 8
2 8 ,8 1 8
1 ,6 3 2 ,4 4 6
1 ,7 0 5 ,1 6 8
1 ,7 7 7 ,7 7 0
7 6 ,9 5 6
7 8 ,3 4 1
8 0 ,7 5 7
1 ,5 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
5 0 0 ,0 0 0
1 6 8 ,2 6 5
1 9 5 ,2 3 2
2 6 7 ,9 9 0
2 ,0 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
.( 7 ) 5 ,6 0 0 ,0 0 0 * ( 7 ) 5 ,6 0 0 ,0 0 0 ( 8 ) 4 ,8 0 0 ,0 0 0
B a la n c e , s u r p lu s ______________
2 5 ,4 9 3 ,0 2 2
2 0 ,2 7 0
2 4 ,7 3 3 ,7 5 4
5 4 1 ,7 4 9
2 2 ,7 1 8 ,2 5 6
1 ,0 3 5 ,9 0 9
♦ A lso a s t o c k d iv id e n d o f 3 3 1-3 % p a id J a n . 1 9 1 0 , c a llin g fo r $ 2 0 ,0 0 0 ,0 0 0 .
N o t e .— T h e lin e s “ o p e r a te d d ir e c t ly b y t h e P e n n s y lv a n ia C o m p a n y ” ,
a g g r e g a tin g 1 ,4 1 5 .8 1 m ile s D e c . 31 1 9 1 1 , t h e g r o s s a n d n e t e a r n in g s o f
w h ic h a r e s h o w n a b o v e . I n c lu d e :
Operated under Lease—
M ile s.
Controlled by Stock or Otherwise— M ile s.
P itts. F t. W , A C hicago.................... 470.53 P itts. O hio V alley A C in c in n a t i... 15.09
M assillon A C le v e la n d ............ ............ 12.23 S o uth C hicago A S o u th er n ............ .. 23.05
Erie A P ittsb u r g h . ..................
82.97 Branches W . N . Y . A P a . R y _____51.52
C leveland A P ittsb u r g h ___________ 205.50 Y oungstow n A R a v e n n a , A c ____ 5.72
P itts. Y oun gst. A A sh t. R y ____ ..1 3 7 .5 6 U sed jo in tly w ith o ther c o m p a n ies. 73.70
T oledo Colum bus A O hio R iv e r ___337.94
G E N E R A L B A L A N C E S H E E T D E C . 31
1911.
1910.
1911.
1910. I
A ssets—
s
s '
L ia b ilitie s—
S
S
Road A equip __a 16 ,819,645 14,547,595 C om m on s t o c k . . 80 ,000,000 8 0 ,000,000
Secure, of p rop .,
Funded d e b t . . .1 2 2 0 94,548 123,758,548
A c ., c o s .—
E quip, tr u s ts ___ 8 106.332
9,715,121
Stocks pledged.86 100,816 8 6 ,6 8 3 ,0 7 8 M lsc. funded obi.
147,500
147,500
Stirs, u n p le d ..3 5 729,341 2 3 ,4 9 7 ,4 9 5 Loans A bills pay. 5 6 00,000
2,200,000
5,7 0 6 ,8 4 9 Traffic b a la n ces. 1 6 2 9,200
B d s., u n p le d .. 7 471,251
1,543,925
Other In v e sts__ 683 ,442,547 91,8 4 9 ,0 4 7 V ouchers A w ages 4 529.798
4 ,680,974
5,680,381 M atured ln te r c st.
790.799
Cash"....................... 4 122,632
812,957
6 ,3 0 1 ,7 5 0 Misc. a c c o u n t s ... 4 0 0 5 ,5 4 0
Markblc secure
6 ,301,750
5 ,034,704
2,78 3 .7 0 2 U n m a t’d ln t., Ac
895,497
Loans A bills rcc. 1 592,052
906,446
891,014
1,004,326 T axes acc ru ed
Prat., A c., b a l . . .
1 242,492
1 ,104,947
733,916
\g c n t s , A c ..........
949,363 Opcr. reser v es__ 1 619,464
912,729
M aterials A supp 2 827,652
2,96 6 ,4 7 3 Llabil. on account
Miscellaneous . . . 2 866,339
2 ,2 0 8 ,7 5 7
o f prov. fu n d s. 3 940,754
3 ,501,234
a d v a n ces, A c __ 5 103,132
4 ,8 5 0 ,5 8 7 O ther deferred
6 ,4 4 2 ,1 8 7
Sink., A c ., funds. 7 455,275
credit Ite m s. . . 1 051,231
1,028,841
5 2 9,000 A pprop. surplu s,c l 8 8 85,952 1 3,925,235
Special deposits .
1 ,035,162 Profit and lo s s __ 7 855,800
0 th .dcf.deb.Item s
937)545
7,762,591
T o ta l.
..2 6 2 ,3 9 4 ,9 0 7 257,03 5 ,7 5 2
T o t a l ............... 2 6 2 ,3 9 4 ,9 0 7 25 7 ,035,752
a After ded uctin g reserve for accrued depreciation o f eq u ip m en t, $ 3 5 5 ,4 4 7 .
b Other Investm ents in 1911 Include advances to p rop., a ffll., A c ., cos. for construc
tio n , equ ip m en t "and betterm ents, S 12,049,722: p hysical p roperty, S3,435,686; and
securities, p ledged, $ 1 0 ,3 0 7 ,5 0 0 , and unpledged, $ 5 7 ,6 4 9 ,6 3 9 . c Appropriated sur
plus In 1911 includes $ 3,939,471 for additions to property since June 30 1907, through
Income; $8,3 0 6 ,1 3 3 Invested in sinking and redem ption funds; S3,572,373 Invested
in other reserve funds, and $ 3,067,974 as a reserve for additions and b etterm e n ts.
— V 94, p. 983, 768.
The Long Island Railroad Company.
{ R e p o r t f o r F i s c a l Y e a r e n d in g D e c . 31 1911.)
P rest. R a lp h Peters, N . Y . C ity , A p r il 2, w ro te in subst.:
E a r n i n g s .— T h e g r o s s r e v e n u e s in c r e a s e d $ 7 3 8 ,6 3 5 , o r 7 .5 5 % , d u e
c h ie fly t o a g e n e r a l in c r e a s e in t h e p a s s e n g e r t r a ffic a n d t h e u s e o f th e
P e n n s y lv a n ia tu n n e ls a n d s t a t io n d u r in g t h e e n t ir e y e a r . T h is in c r e a s e ,
h o w e v e r , w a s, t o a c o n s id e r a b le e x t e n t , o ffs e t b y th e h e a v y lo s s in fe r r y
e a r n in g s , n o w I n c lu d e d In " o u t s id e o p e r a t i o n s .’’ T h is lo s s , a m o u n t in g
t o $ 1 3 2 ,8 3 3 , w a s d u e t o t h e r e d u c tio n in t h e E a s t R iv e r fe r r y t r a ffic o n
a c c o u n t o f t h e o p e r a tio n o f tr a in s e r v ic e th r o u g h t h e t u n n e ls t o th e P e n n
s y lv a n ia s t a t io n , to o p e r a tio n o f tr o lle y c a r s o v e r t h e Q u e e n s b o r o B r id g e
a n d th e u s e o f t h a t b r id g e b y a la r g e a m o u n t o f v e h ic u la r tn a ffic , o n w h ic h
t h e c i t y a b o lis h e d t h e t o ll s . O u r f r e ig h t r e v e n u e in c r e a s e d 5 .1 % , p a ss e n g e r
r e v e n u e 8 .9 % a n d m is c e lla n e o u s r e v e n u e 5 .9 % .
T h e p a s s e n g e r m ile a g e in c r e a s e d 1 0 .6 % a n d t h e p a s s e n g e r tr a in m ile a g e
in c r e a s e d 1 1 .6 % ; s te a m s e r v ic e s h o w s a d e c r e a s e o f 1 1 9 ,7 4 7 m ile s , e le c tr ic
s e r v ic e a n I n c rea se o f 6 9 6 ,7 5 0 m ile s , d u e t o u s e o f t h e P e n n s y lv a n ia s t a t io n
th r o u g h t h e y e a r , c o m p a r e d w ith th r e e m o n th s in 1 9 1 0 .
F r e ig h t to n
m ile a g e s h o w s a n In c rea se o f 4 .9 % , fr e ig h t tr a in m ile a g e a n in c r e a s e o f 6 .8 % .
T h e o p e r a t in g e x p e n s e s , e x c lu d in g t a x e s , I n c rea sed $ 4 8 3 ,1 7 2 , o r 6 .5 1 % ,
d u e to t h e e x p e n s e s o f th e N e w Y o r k te r m in a l a n d t o in c r e a s e d e le c t r ic
tr a in m ile a g e ; t h e la t t e r in c r e a s e is la r g e ly fr o m a d u p lic a t io n o f s t e a m
tr a in m ile a g e t h a t w ill p r a c tic a lly b e e lim in a t e d w h e n t h e n e w te r m in a l
a t J a m a ic a is c o m p le t e d .
E x tr a o r d in a r y c h a r g e s t o e x p e n s e s a g g r e g a te d
$ 4 0 3 ,0 0 0 , o f w h ic h $ 1 3 8 ,0 0 0 w a s o n a c c o u n t o f p r o p e r ty a b a n d o n e d in
c o n n e c t io n w ith v a r io u s im p r o v e m e n ts a n d t h e r e m a in d e r fo r r e n e w a ls
a n d d e p r e c ia tio n o f e q u ip m e n t . T h e t a x e s p a id o n a ll lin e s a m o u n t e d
t o $ 6 0 7 ,1 1 6 , a n In c rea se o f $ 5 1 ,3 6 4 , d u e to h ig h e r a s s e s s m e n t s .
I n c o m e fr o m o t h e r s o u r c e s s h o w a n e t In c r e a se o f $ 6 7 ,9 3 9 , a c c o u n t e d for
b y a n I n c rea se In in t e r e s t o n in v e s t m e n t s a n d in c r e a s e d e a r n in g s fr o m t h e
R iv e r A H a r b o r T r a n s p o r ta tio n C o.
T h e in t e r e s t o n fu n d e d d e b t in c r e a s e d $ 1 6 ,1 5 9 , d u e t o th e f u ll y e a r ’s
I n te r e s t o n t h e is s u e o f a d d it io n a l d e b e n t u r e b o n d s in 1 9 1 0 t o c o v e r a d
v a n c e s m a d e to y o u r c o m p a n y fo r im p r o v e m e n ts , le ss t h e s a v in g In In te r e s t
o n b o n d s m a tu r e d a n d p a id o r e x c h a n g e d fo r r e fu n d in g m o r t g a g e b o n d s .
H ir e o f e q u ip m e n t in c r e a s e d $ 3 8 ,7 7 3 a n d r e n ts in c r e a s e d $ 3 3 5 ,4 6 6 , d u e
t o r e n ta l p a id fo r t h e u s e o f t h e P e n n s y lv a n ia s t a t io n a n d t u n n e ls , r e n t o f
g e n e r a l o ffic e s in t h a t s t a t io n , A c .
A fte r p r o v id in g fo r t h e I n te r e s t o n fu n d e d a n d o t h e r d e b t , a n d a ll o th e r
lia b ilit ie s . I n c lu d in g a d v a n c e s o f $ 2 9 ,3 7 4 , t h e y e a r s h o w s a d e fic it o f $ 4 5 7 ,
9 5 6 , a s c o m p a r e d w it h a d e fic it o f $ 3 2 8 ,5 6 3 In 1 9 1 0 . w i 3 -S M B M rT M M M _
THE CHRONICLE
1116
B y t h e u s e o f t h e P e n n s y lv a n ia tu n n e ls a n d s t a t io n , t h is c o m p a n y In
c r e a s e d it s e x p e n s e s a n d r e n t a l c h a r g e s b y a p p r o x im a t e ly $ 1 ,0 0 0 ,U 0 0 , a n d
in a d d it io n p a id fo r t h e e n tir e y e a r t h e I n c rea se in w a g e s m a d e in 191u
a n d a s s u m e d I n c r e a se d t a x e s a n d c h a r g e s u p o n n e w c a p it a l s p e n t fo r Im
p r o v em en ts.
N e v e r t h e le s s t h e p r o p e r ty s u c c e s s f u lly c a r r ie d th e g r e a te r
p a r t o f t h is b u r d e n a n d a n im p r o v e m e n t in f u t u r e o p e r a t in g r e s u lt s is
a n t ic i p a t e d fr o m t h e I m p o r ta n t b e t t e r m e n t s a n d a d d it io n a l f a c ilit ie s
p r o v id e d a n d t h e e lim in a t io n o f d u p lic a t e s t e a m t r a in m ile a g e t o L o n g
I s la n d C ity u p o n t h e c o m p le tio n o f th e n e w te r m in a l a t J a m a ic a .
S u b s i d ia r y C o m p a n ie s .— T h e s u b s id ia r y lin e s o w n e d in w h o le o r in p a r t,
o u t s id e o f th e R iv e r & H a r b o r T r a n s p . C o . a n d t h e M o n ta u k S t e a m b o a t
C o ., L t d ., a n d n o t I n c lu d e d In th e g e n e r a l in c o m e a c c o u n t ,s h o w a t o ta l
s u r p lu s fo r th e y e a r o f $ 1 5 4 ,4 3 5 . T h is Is r e ta in e d b y t h e v a r io u s c o m p a n ie s .
T h e O cean E le c tr ic l i y . V o . (5 .5 m ite s) s n o w s g r o s s e a r n in g s o i 5 1 2 4 ,Oo?
a n d s u r p lu s o f $ 9 ,8 2 9 . N a s s a u C o u n ty R y . C o . ( 1 'A m ile s a t S e a C liff), g ro ss
e a r n in g s o f $ 1 5 ,8 3 2 a n d s u r p lu s o f $ 5 ,0 0 3 . G len C o v e R R . (3 .2 8 m .) , g r o ss
$ 2 5 ,3 9 7 a n d s u r p lu s o f $ 6 ,4 8 9 .
N o r th p o r t T r a c tio n C o . (2 .6 9 m . ) , g r o ss
$ 1 1 ,5 4 9 a n d lo s s o f $ 6 1 6 . H u n tin g to n R R . C o . (1 8 .5 m .) , g r o s s $ 4 9 ,4 4 9
a n d lo s s $ 1 ,3 5 8 . M o n ta u k W a te r C o . g r o s s $ 4 3 ,7 5 2 a n d s u r p lu s $ 5 ,7 4 8 .
P r o s p e c t P a r k & C o n e y I s l a n d R R . C o ., g r o s s in c o m e $ 7 4 ,9 9 6 a n d s u r p lu s
$ 1 ,5 3 8 . T h e r e n t a l o f t h e p r o p e r ty a t C o n e y I s la n d s h o w s a la r g e d e c r e a se
o n a c c o u n t o f a d is a s tr o u s Are e a r ly In 191 1 t h a t m a d e it im p o s s ib le t o
c o lle c t r e n t fr o m s o m e o f t h e t e n a n t s .
N e w Y o r k & R o c k a w a y R ea c h R y .
C o ., g r o s s I n c o m e $ 1 ,1 3 8 ,9 3 4 a n d s u r p lu s $ 1 2 2 ,7 4 9 .
T h r o u g h th e L o n g I s la n d C o n s o l. E l . C o s ., a o n e - h a lf I n te r e s t Is a ls o o w n e d
in th e N . Y . & L o n g I s la n d T r a c tio n C o . (3 5 m il e s ) , o p e r a t in g b e t w e e n
J a m a ic a , M ln e o la , H e m p s t e a d , F r e e p o r t a n d t h e B r o o k ly n B o r o u g h lin e ,
a n d t h e L o n g I s la n d E le c t r ic R y . C o ., o p e r a t in g b e t w e e n J a m a ic a a n d
B e lm o n t P a r k , J a m a ic a a n d F a r R o c k a w a y , a n d J a m a ic a a n d t h e B r o o k ly n
C it y lin e , 2 7 m il e s .
,
T h e tr o lle y lin e s m e n tio n e d c a r r ie d 1 6 ,2 9 2 ,7 9 8 p a s s e n g e r s d u r in g 1 9 1 1 .
B o n d s .— B r o o k ly n & M o n ta u k R R . 1 s t M . b o n d s , $ 7 5 0 ,0 0 0 5% a n d
$ 2 5 0 ,0 0 0 6 % , m a tu r e d M arch 1 1911 a n d L o n g I s la n d C ity & F lu s h in g
R R . $ 6 0 0 ,0 0 0 1 s t M . 6% b o n d s m a tu r e d M a y 1 1 9 1 1 . T o p r o v id e f o r
th e s e b o n d s , $ 1 ,6 0 0 ,0 0 0 o f o u r r e f. m t g e . 4 % b o n d s o f 1 9 0 3 , g u a r a n te e d b y
t h e P e n n s y lv a n ia R R . C o ., w e r e I ss u e d , t h e d is c o u n t b e in g c h a r g e d to
p r o fit a n d lo s s .
T h e s a v in g in in t e r e s t a g g r e g a te s $ 2 4 ,5 0 0 p e r a n n u m .
A d d it io n s a n d B e tte r m e n ts .— T h e e x p e n d it u r e s a c c o u n t o f B a y R id g e
I m p r o v e m e n t a n d e lim in a t io n o f B r o o k ly n g r a d e c r o ss in g s a g g r e g a te d
$ 3 5 4 ,0 0 3 , w h ile e le c t r if ic a t io n , & c ., a m o u n t e d t o $ 5 4 ,3 8 9 . O th e r a d d it io n s
a n d im p r o v e m e n ts a g g r e g a te d $ 3 ,4 8 8 ,3 3 9 (n o t a b ly r e a l e s t a t e , $ 1 5 2 ,0 7 8 ;
J a m a ic a im p r o v e m e n t, $ 6 8 4 ,7 1 7 ; e lim in a t io n o f g r a d e c r o s s in g s , $ 1 2 6 ,8 7 8 ;
a n d e q u ip m e n t , $ 2 ,0 8 8 ,7 3 8 ) .
L e s s c r e d it s o f $ 8 7 4 ,4 3 8 , m a k in g t h e n e t
c h a r g e s to r o a d a n d e q u ip m e n t $ 2 ,6 1 3 ,9 0 1 a n d t o o t h e r a s s e t s $ 4 0 8 ,3 9 2 ;
t o t a l, $ 3 ,0 2 2 ,2 9 3 . T h e c r e d it s m e n t io n e d e m b r a c e : e q u ip m e n t s o ld a n d
r e tir e d , $ 2 2 1 ,2 8 7 ; M o n ta u k c u t - o f f , p r o p o r tio n p a id b y P e n n s y lv a n ia
T u n n e l & T e r m in a l R R ., $ 1 4 5 ,2 0 1 ; fe r r y b o a t “ S a g H a r b o r " , $ 6 0 ,0 0 0 ;
p r o p e r ty a b a n d o n e d , $ 4 3 6 ,0 7 3 ; o th e r it e m s , $ 1 1 ,8 7 7 .
T h e c o m p a n y h a s f in a lly e x e c u t e d a c o n t r a c t w ith t h e B r o o k ly n R a p id
T r a n s it C o . w h e r e b y th e la t t e r p u r c h a se s t h e r a il a n d m a te r ia l la id a lo n g
A t la n t ic A v e . a n d a p p lic a t io n h a s b e e n m a d e fo r a fr a n c h is e fo r a t r o lle y
lin e fr o m A t k i n s A v e . t o F la t b u s h A v e . W h e n t h e lin e is fin a lly c o m p le t e d ,
it is t o b e o w n e d a n d o p e r a t e d b y t h e N a s s a u E le c t r ic R R . C o ., w h ic h o w n s
th e r ig h t o f w a y ; i t w in f e e d y o u r F la t b u s h a n d J a m a ic a lin e .
T h e w o r k o n th e B a y R id g e im p r o v e m e n t c o n s is t e d o f f in is h in g b r id g e s
a n d th e n e w s e c t io n o f w o r k b e t w e e n N e w L o t s a n d A t la n t ic A v e . T h e
tu n n e l s e c t io n b e t w e e n A t la n t ic A v e . a n d C e n tr a l A v e . w ill p r o b a b ly b e
s t a r t e d in 1 9 1 2 . M u c h w o r k w a s d o n e in t h e p u r c h a se a n d c o n d e m n a tio n
o f p r o p e r ty ; a ll p u r c h a s e s a r e n o w p r a c t ic a lly c o m p le t e d . T h e c o m p a n y
h a s o b t a in e d s u b s t a n t ia l p a y m e n t s fr o m t h e C ity fo r Its p r o p o r tio n o f th e
c o s t o f w o r k d o n e , t h e d e la y e d p a y m e n t s n o w a m o u n t in g t o a b o u t $ 1 0 0 ,0 0 0 .
' T h e w o r k in c o n n e c t io n w ith th e n e w te r m in a l a t J a m a ic a a n d th e
e lim in a t io n o f g r a d e c r o s s in g s t h r o u g h R ic h m o n d H ill a n d J a m a ic a w a s
c a r r ie d o n v ig o r o u s ly . S e v e r a l b r id g e s w e r e c o m p le t e d , a la r g e a m o u n t o f
e x c a v a t i o n w a s m o v e d fr o m th e W a d in g R iv e r b r a n c h a n d p u t In p e r m a n e n t
p o s it io n s o t h a t y a r d t r a c k s c o u ld b e la id , f o u n d a t io n fo r t h e s t a t io n a n d
o ffic e b u ild in g c o m p le t e d , r e a l e s t a t e p u r c h a s e d , a n d a la r g e a m o u n t o f
m a te r ia l o n t h e g r o u n d t o f a c i lit a t e t h e w o r k in 1 9 1 2 . T h e c o n tr o l o f a
n e c e s s a r y p r o p e r t y is in t h e c o u r t s a n d a d e c is io n is e x p e c t e d s h o r t ly .
In c o n n e c t io n w it h t h e J a m a ic a im p r o v e m e n t a n d t h e m a in lin e im p r o v e
m e n t b e t w e e n W o o d s ld e a n d W in fie ld a n d t h e e lim in a t io n o f g r a d e c r o s s in g s
th r o u g h R ic h m o n d H ill o n th e M o n ta u k d iv is io n ,‘ t h e c o n t r a c t m e n t io n e d
in t h e la s t r e p o r t w a s fin a lly c lo s e d a n d th e c i t y h a s a g r e e d to c o n t r ib u t e
$ 5 7 5 ,0 0 0 t o w a r d s t h e im p r o v e m e n ts n a m e d . W h e n t h e w o r k is c o m p le t e d
th e r e w ill b e n o g r a d e c r o s s in g s o n t h e m a in lin e d iv is io n b e t w e e n L o n g
I s la n d C ity a n d J a m a ic a a n d th e c r o ss in g s o n th e M o n ta u k D iv is io n th r o u g h
R ic h m o n d H ill a n d J a m a ic a w ill a ls o b e a b o lis h e d . B e t w e e n W o o d sld e
a n d W in fie ld a g r e a t d e a l o f p r o p e r ty h a s h a d t o b e c o n d e m n e d ; i t is e x
p e c t e d t h a t t h is w o rk w ill b e u n d e r ta k e n In 1 9 1 2 .
. . . .
T h e P u b lic S e r v ic e C o m m is sio n a p p r o v e d o u r a p p lic a t io n t o a b o lis h th e
g r a d e c r o s s in g s o n t h e P o r t W a s h in g to n b r a n c h th r o u g h F lu s h in g , a n d th e
S t a t e a n d t h e c i t y a r e r e q u ir e d to c o n t r ib u t e $ 4 0 0 ,0 0 0 t o w a r d s th is w o r k ,
w h ic h it is e s t im a t e d w ill c o s t $ 1 ,0 0 0 ,0 0 0 . T h e w o r k w ill b e c o m p le t e d
in 1 9 1 0
S e c o n d tr a c k w ill b e e x t e n d e d t o G r e a t N e c k , a n d t h e lin e th r o u g h
to P o r t W a s h in g to n a n d to W h lt e s t o n e L a n d in g w ill p r o b a b ly b e e le c tr ifie d
d u r in g 1 9 1 2 . T h e e lim in a t io n o f s e v e r a l g r a d e c r o ss in g s a t p o in t s o u t s id e
o f G r e a te r N e w Y o r k w ill a ls o b e p r o s e c u te d in 1 9 1 2 . T h e P . S . C o m m is sio n
h a s o r d e r e d t h e e lim in a t io n o f s e v e r a l o t h e r c r o s s in g s In G r e a te r N e w Y o r k
lo c a t e d o n t h e M o n ta u k d iv is io n a t B u s h w ic k J u n c t io n a n d o n t h e m a in lin e
b e t w e e n H o llis a n d Q u ee n s; t h e c o s t w ill b e a b o u t $ 1 ,0 0 0 ,0 0 0 a n d th e C ity
a n d S t a t e w ill p a y o n e - h a lf th e r e o f . C r o ssin g g a t e s w e r e in s t a lle d a t a b o u t
3 0 c r o s s in g s . P r a c t ic a lly a ll o f th e g r a d e c r o s s in g s In G r e a te r N e w Y o r k a r e
n o w p r o t e c t e d b y g a t e s o p e r a te d b y fla g m e n d a y a n d n ig h t .
T h e r e w e r e 1 ,8 2 9 t o n s o f n e w s t e e l r a il a n d 1 0 5 ,6 1 2 t ie s u s e d fo r r e n e w a ls
a n d 1 ,1 8 3 t o n s o f n e w r a il, 4 7 2 t o n s o f s e c o n d - h a n d r a il a n d 3 6 ,5 8 2 tie s
u se d in c o n s t r u c t io n o f a d d it io n a l t r a c k s a n d s id in g s . T h e tr a c k m ile a g e
in c r e a s e d 1 7 .0 7 m ile s , v iz .: m a in tr a c k (1 s t, 2 d , 3 d a n d 4 t h t r a c k ) , 8 .9 5 ;
y a r d s a n d te r m in a ls , 6 .8 0 ; a n d s id in g s , 1 .3 2 m .
E q u ip m e n t.— T h e fo llo w in g n e w p a s s e n g e r e q u ip m e n t w a s r e c e iv e d :
50 s t e e l m o to r c o a c h e s ; 4 7 s t e e l c o a c h e s w it h o u t m o to r s ; 5 s t e e l m a ll a n d
b a g g a g e car s; 5 s t e e l c o m b in e d p a s s e n g e r a n d b a g g a g e ca r s; 1 s t e e l p a r lo r
car; 10 s t e e l c o m b in e d p a s s e n g e r a n d b a g g a g e c a r s, w ith m o to r s , a n d 1
s t o r a g e b a t t e r y p a s s e n g e r c a r , le a v ln g O s t e e l p a r lo r c a r s s t ill t o b e d e liv e r e d .
C o n tr a c ts h a v e b e e n m a d e fo r 1912 d e liv e r y fo r 2 0 s t e e l m o t o r c o a c h e s ,
15 s t e e l c o a c h e s w it h o u t m o to r s , a n d 5 s t e e l c o m b in e d p a s s e n g e r a n d
b a g g a g e c a r s w it h m o to r s , r e p r e s e n tin g a d d it io n s .
T h e p a s s e n g e r c a r e q u ip m e n t s h o w s a n e t In c r e a se o f 11 6 c o m p a r e d w ith
1 9 1 0 . W h e n t h e s t e e l c a r s n o w u n d e r c o n t r a c t a r c r e c e iv e d , y o u r c o m p a n y
w ill h a v e In s e r v ic e 4 6 5 s t e e l p a s s e n g e r c a r s, o f w h ic h 3 8 1 w ill b e e q u ip p e d
w it h m o t o r s .
F o u r la r g e f r e ig h t lo c o m o t iv e s a n d 2 s w i t c h in g lo c o m o t iv e s
w e r e r e c e iv e d , a c c o u n t o f r e n e w a ls; 13 o ld lo c o m o t iv e s w e r e s o ld , b r o k e n
u p a n d s c r a p p e d , n e t d e c r e a s e 7 . T h e f r e ig h t c a r e q u ip m e n t d e c r e a s e d 2 0 .
D e v e lo p m e n t o f T e r r it o r y .— D u r in g t h e y e a r 7 ,4 2 9 d w e llin g h o u s e s , 4 4
f a c t o r ie s , 8 2 0 s t o r e s a n d 7 5 3 m is c e lla n e o u s b u ild in g s , m a k in g a t o t a l o f
9 ,0 4 6 , w e r e b u ilt in v illa g e s a lo n g y o u r lin e s o u t s id e o f L o n g I s la n d C ity
a n d B r o o k ly n , s h o w in g a n in c r e a s e o f 5 2 9 ; 31 n e w I n d u s tr ie s w e r e lo c a t e d
a t v a r io u s p o in t s . T h e e x p e r im e n t a l fa r m s c o n t in u e t o s t im u la t e a g r i
c u lt u r e . T h e t o n n a g e o f p r o d u c ts fr o m s o il s h o w s a n In c r e a se o f 1 8 .6 % .
P a s s e n g e r s C a r r i e d .— O u r g e n e r a l b u s in e s s s h o w s a h e a lt h y c o n d it io n .
T h e a v e r a g e n u m b e r o f d a ily c o m m u t e r s p e r m o n th s h o w s a n In c r e a se o f
fr o m 6 ,3 8 7 In 1 9 0 5 t o 1 3 ,5 2 6 in 1 9 1 1 . O f t h e t o t a l n u m b e r o f p a s s e n g e r s
c a r r ie d ( 3 3 ,8 5 7 ,2 2 8 ) 3 0 .3 % w e r e c o m m u t e r s , 1 8 .6 % lo c a l p a ss e n g e r s o n
A t la n t ic A v e ., 4 .5 % R o c k a w a y B e a c h p a ss e r g ; r s fr o m D e la n c e y S t . , N . Y .,
a n d th e b a la n c e , 4 6 .6 % g e n e r a l b u s in e ss a t f l.s t - c l a s s r a te s to a n d fr o m a ll
p o in t s o n t h e I s la n d . T h e a v e r a g e n u m b e r o f c o m m u t e r s p e r m o n t h s h o w s
a n in c r e a s e o v e r t h e p r e c e d in g y e a r o f 1 4 % .
T h e lo s s in t ic k e t s a le s a t th e te r m in a ls a t 3 4 t h S t . a n d L o n g I s la n d C ity ,
d u e t o o p e r a t io n o f t r a in s t h r o u g h th e t u n n e ls to t h e P e n n s y lv a n ia S t a t io n ,
a m o u n te d in 1 9 1 1 , c o m p a r e d w it h 1 9 1 0 , t o $ 7 5 1 ,1 7 2 . T ills w a s o ffs e t b y
I n c r e a se s a t t h e F la t b u s h A v e . a n d P e n n s y lv a n ia t e r m in a ls , w h ic h le f t a
n e t in c r e a s e fo r th e fo u r te r m in a ls o f $ 3 0 4 ,3 1 8 . T h e n u m b e r o f p a s s e n g e r s
a r r iv in g a t a n d d e p a r t in g w a s a s fo llo w s : F la t b u s h A v e ., 1 4 ,0 9 4 ,0 0 3 ;
L o n g I s la n d C ity , 3 ,3 0 8 ,9 3 8 ; P e n n s y lv a n ia S t a t io n , 6 ,2 2 1 ,4 2 9 .
.
O P E R A T IN G S T A T IS T IC S .
1908.
O p e r a tio n s .
1911.
1010.
1909.
392
M ile s o p e r a t e d __________
399
399
391
3 ,9 9 6 ,7 1 7
3 ,8 1 4 ,2 0 9
3 ,5 9 5 ,6 5 7
3 ,0 7 2 ,5 2 1
T o n s c a r r ie d , N o ________
T o n s o n e m ile , N o _______ 9 7 ,4 7 6 ,1 3 1
9 2 ,9 5 1 ,7 4 2
9 0 ,0 4 1 ,4 9 6
79 ,8 2 2 ,4 9 5
R a te per ton per m ile ___ 3 .3 4 3 cts. 3 .3 3 5 cts.
3 .3 0 1 cts.
3 .1 7 9 Cts.
P a s s e n g e r s c a r r ie d , N o . . 3 3 ,8 0 7 ,2 2 8
3 0 ,9 7 8 ,6 1 5
2 7 ,4 6 6 ,7 6 1
23 ,2 4 2 ,8 3 8
P a s s e n g e r s 1 m ile . N o . .5 0 8 ,5 3 1 ,8 0 4 4 5 9 ,7 9 9 ,3 1 4 4 0 7 ,2 7 0 ,6 1 1 3 5 2 ,2 2 8 ,0 6 0
R a t e p e r p a s s , p e r m i l e . 1 .3 5 8 c t s .
1 .3 7 4 c t s .
1 .3 9 8 c t s .
1 .4 8 2 Cts.
9 3 .9 6
8 5 .5 2
P a s s , p e r tr a in m ile , N o .
» 1 .4 2
9 2 .2 2
1 6 6 .8 4
1 6 2 .5 6
T o n s p e r t r a in , N o . . « * «
1 5 6 .2 5
1 5 9 .0 8
[VOL. LXX X XIV
IN C O M E A C C O U N T .
1911.
$
3 ,2 5 7 ,4 7 7
6 ,7 8 1 ,4 2 1
::::
1 8 1 ,5 3 0
O th e r t r a n s p o r t a t io n r e v e n u e .
2 5 3 ,3 7 3
N o n - t r a n s p o r t a t io n r e v e n u e . .
4 3 ,9 4 9
M a i l ___________________________
L i n e s D ir e c tly O p e ra te d —
1010.
$
3 ,0 9 9 ,1 8 3
6 ,2 2 5 ,5 3 2
1 4 5 ,0 7 7
2 6 4 ,4 6 4
4 3 ,0 6 0
1909.
$
2 ,9 7 1 ,2 7 9
5 ,6 0 9 ,6 8 0
1 3 2 ,8 4 2
2 0 3 ,8 6 9
4 2 ,7 2 5
1 0 ,5 1 7 ,7 5 1
—
O p e r a tin g E x p e n s e s —
M a in te n a n c e o f w a v a n d str u c tu r e s .
1 ,3 5 6 ,6 6 3
M a in t e n a n c e o', e q u ip m e n t _____
1,2 7 9 ,0 0 o
1 8 1 ,0 2 3
4 ,8 0 9 ,3 1 8
2 7 7 ,7 0 7
G eneral .
9 ,7 7 9 ,1 1 6
8 ,0 6 0 ,3 9 5
1 ,1 5 4 ,4 4 4
1 ,3 9 1 ,9 9 1
1 9 0 ,2 9 7
4 ,4 2 9 ,6 1 4
2 5 4 ,2 6 1
9 8 9 ,5 1 9
1 ,2 4 6 ,1 8 7
1 6 3 ,4 0 0
3 ,7 7 9 ,7 2 0
2 2 0 ,3 5 2
7 ,9 0 3 ,7 7 9
2 .6 1 3 ,0 7 2
* 6 9 5 ,0 0 3
7 ,4 2 0 ,6 0 7
2 ,3 5 8 ,5 0 9
* 7 5 3 ,7 8 7
6 ,3 9 9 ,1 8 7
2 ,5 6 1 ,2 0 8
* 8 8 4 ,6 4 6
6 0 7 ,1 1 7
3 ,1 1 2 ,2 9 6
5 5 5 ,7 5 3
3 ,4 4 5 ,8 5 4
5 0 1 ,8 3 6
2 ,7 0 1 ,8 5 8
3 3 5 ,1 7 0
2 ,5 5 6 ,5 4 3
3 6 1 ,3 2 1
2 ,9 4 4 ,0 1 8
3 2 6 ,2 9 2
2 ,3 6 6 ,6 8 8
2 ,1 0 5 ,2 2 2
2 ,6 1 7 ,7 2 6
2 4 8 ,6 9 1
9 4 ,3 0 0
2 1 2 ,9 0 0
6 2 ,0 6 1
2 0 4 ,5 2 2
7 6 ,0 8 6
2 ,7 0 9 ,6 7 0
2 ,4 7 0 ,2 7 3
2 ,8 9 8 ,3 3 4
2 5 5 ,1 3 0
2 ,1 0 2 ,0 0 7
7 3 ,2 0 7
9 6 ,5 4 7
1 1 3 ,7 6 3
1 3 2 ,8 8 0
276
3 6 4 ,4 5 1
2 9 ,3 7 4
2 5 5 ,0 9 5
2 ,0 8 5 ,8 4 8
7 3 ,7 0 7
1 0 9 ,0 4 0
7 4 ,0 9 0
1 3 2 ,8 8 0
300
2 8 ,0 8 6
3 7 ,0 9 0
2 5 5 ,1 2 7
1 ,8 0 3 ,3 3 0
7 4 ,2 0 7
2 6 2 ,9 2 3
2 9 ,9 1 2
1 2 3 ,6 5 3
563
1 6 ,3 6 8
1 5 ,4 6 0
3 ,1 6 7 ,6 3 5
d e f 4 5 7 ,9 5 6
2 ,7 9 8 ,8 3 6
d e f 3 2 8 ,5 6 3
2 ,5 8 1 ,5 5 3
s u r 3 1 6 ,7 8 0
2 5 0 ,0 0 0
____
O u t s id e o p e r a t io n s — n e t .
R e n t a ls ( n e t r e v e n u e ) .
M is c e lla n e o u s I n c o m e —
I n c o m e fr o m in v e s t m e n t s .
R iv e r & H a r b o r T r . C o ____
T o t a l n e t in c o m e .
D e d u c tio n s —
____
I n t e r e s t o n m o r t g a g e s -----------I n t e r e s t g e n e r a l a c c o u n t ---------H ir e o f e q u ip m e n t -------------------I n t e r e s t o n e q u ip m e n t t r u s t s .
P r e m iu m o n e x c h a n g e -----------R e n t s -------------------------- --------- - -
C o.
B a l a n c e __________ __________ _
E x t r a o r d in a r y e x p e n d it u r e s .
• T o t a l r e v e n u e s o u t s i d e o p e r a t io n s , $ 1 ,7 3 9 ,0 0 4 in 1 9 1 1 , a g a in s t $ 1 ,8 4 9 ,7 2 0 In 1 9 1 0 a n d $ l,9 3 7 ,9 7 5 J i n 1909; e x p e n s e s , $ 1 ,0 4 4 ,0 0 1 , a g a in s t $ 1 ,0 9 5 ,9 3 3 a n d $ 1 ,0 5 3 ,3 2 9 .
G E N E R A L B A L A N C E SH E E T D EC. 31.
1911.
1910.
1910.
1911.
L ia b ilitie s—
S
S
S
A ssets—
S
R oad & eq u lp ’t.a 5 9 ,9 7 3 ,7 3 5 57,0 3 7 ,6 3 7 C apital s t o c k ______12 ,000,000 12,000,000
F unded d e b t ...........51 ,231,654 5 1 ,231,654
S ecur’s o f proprie
E qu ip , tr u s ts ______ 3 ,322,000 3 .3 2 2 .0 0 0
ta r y , A c ., co s—
463,679 R eal e sta te m tg e s . 1 ,969,918 1,969,918
S to ck s— pledged
4 53,679
088 ,5 5 0 C onstruction and
B o n d s— pledged
9 88,550
eq u ip m e n t..........
35,8 4 0
S to ck s— u n p l’d . 1,067,026 1,06 7 ,0 2 6
6 6,840
21 6 ,3 3 5 Loans A bills p a y . 9, 537,810 4 .7 0 0 .0 0 0
B o n d s— u np l’d .
2 16,335
T ra ffic, A c ., b a ls .
493,997
485,083
S ecu r’s Issued or as
980,934 1,319,144
9 56,488 Vouchers A w ages.
sum ed — pledged
956,488
35,234
31,772
5 4,215 M atured I n te r e s t..
M arketable secur’s
54,215
486,586
3 8 8,448
M iscel. ln v estm ’ts .6 5 ,7 1 4 ,1 2 8 4,6 7 5 ,8 6 2 M iscel. a c c o u n ts ..
617,017 M at. m tg e ., bonded
C a s h ...............
5 24,417
5,000
A sec. debt unp’d.
526,667
L oans & bills r e c . .
527,917
604,055
532,075
897,509 U nm aturod i n t . . .
M aterial A supplies
8 43,738
93,509
100,172
993,055 T a x es a cc ru ed ____
M iscel. a c c o u n ts .. 1,031,932
2 0,226
T em porary a d v ’es. 2 ,8 8 7 ,3 1 0 3 ,0 0 6 ,8 5 2 D ef. credit I te m s ..
3 5 ,8 5 7 O utstanding secur
O th. def. deb. item s
60,842
ities of leased est. 3 , 888,000 3 ,8 8 8 ,0 0 0
P r o p ’ty abandoned d324,081
L easehold e s ta te s . 5,3 8 8 ,0 0 0 5 ,3 8 8 ,0 0 0
P rofit and lo s s ___ c3 ,723,340 c3 ,0 89,957
T o t a l ................... 84,7 3 5 ,7 6 3 80 ,0 0 4 ,7 0 6 |
T o t a l .................... 84,7 3 5 ,7 6 3 8 0 ,0 0 4 ,7 0 6
a A f t e r d e d u c t in g r e s e r v e fo r a c c r u e d d e p r e c ia t io n , $ 5 2 9 ,8 6 8 .
b I n c lu d e s p h y s ic a l p r o p e r ty , $ 3 0 ,0 0 0 , a n d s o o u r itlo s — p le d g e d $ 4 1 0 ,0 0 0 ,
a n d u n p le d g e d , $ 5 ,2 7 4 ,1 2 8 .
c A f t e r d e d u c t in g $ 2 5 0 ,0 0 0 fo r a d d it io n s t o p r o p e r ty s in c e J u n e 3 0 1907
h r o u g h in c o m e .
a C h a r g e a b le t o o p e r a t in g e x p e n s e s .— V . 9 1 , p . 1 0 5 7 .
New Orleans Railway & Light Company.
( R e p o r t f o r F i s c a l Y e a r e n d in g D e c . 31 1911.)
P re s t. M cC lo sky, N e w O rleans, A p r il 8, w ro te in substance:
R e s u lts .— O p e r a tin g r e v e n u e In c r e a se d $ 4 1 5 ,3 8 1 , o r 6 .6 6 % ; o p e r a tin g
e x p e n s e s I n c rea sed $ 2 0 7 ,4 3 8 , o r 5 .8 8 % ; n e t o p e r a t in g r e v e n u e I n c rea sed
$ 2 0 7 ,9 4 3 , o r 7 .6 8 % ; n e t I n c o m e I n c r e a s e d , $ 1 3 5 ,8 0 4 , o r 2 1 .3 6 % .
T h e n e t I n c o m e , a f t e r a p p r o p r ia tin g $ 1 4 0 ,0 1 7 fo r r e n e w a ls a n d r e p la c e
m e n t s , Is t h e la r g e s t In o u r h is t o r y .
, .
.
C a p it a l E x p e n d it u r e s .— T h e r e h a s b e e n e x p e n d e d fo r c o n s t r u c t io n a n d
ip r o v e m e n t s $ 6 7 0 ,5 0 2 , n s fo llo w s : R o a d w a y a n d lin e , $ 1 8 0 ,4 3 2 ; e le c tr ic
QA d o u b l e - t r a c k lin e fr o m W e s t E n d J u n c t io n t o S p a n is h F o r t w a s p la c e d
in o p e r a tio n M a rch 19 1911 a n d t h e e x t e n s io n fro m t h e S la u g h te r H o u s e to
C lia lm e tte a n d th e A m e r ic a n s u g a r r e fin e r y In S t . B er n a r d P a r is h A u g . 16.
F o u r u n d e r g r o u n d tr a n s m is s io n lin e s w e r e I n s ta lle d fro m C e n tr a l S t a t io n
to t h e e s t a b lis h e d u n d e r g r o u n d d is t r ic t . A t C e n tr a l S t a t io n t h e e le c tr ic a l
e le m e n t s o f t w o 1 ,5 0 0 k .w . tu r b in e s w e r e c h a n g e d t o 2 .5 0 0 k .w . t h e r e b y
I n c r e a s in g o u r o u t p u t c a p a c i t y 2 ,0 0 0 k .w .
l o m e e t t h e d e m a n d s o f lo a d
g r o w t h a d d it io n a l I n s t a lla t io n s w ero m a d o a t th r e e s u b - s t a t io n s .
W e in s t a lle d a t t h e g a s p la n t a n 1 1 - f t . g e n e r a to r ; c o m p le te d I n s ta lla tio n s
o f s t o r a g e o il t a n k o f 2 3 0 ,0 0 0 g a llo n s c a p a c i t y , r e lie f h o ld e r o f 2 5 0 ,0 0 0 c u . f t .
c a p a c i t y , tw o R o o t s e x h a u s t e r s , t w o 1 2 -ft. c o n d e n s e r s , o n e ta r e x t r a c t o r ,
o n e ta r w a s h e r a n d w o r k s p ip in g . In c r e a s in g o u r c a p a c it y o u t p u t fro m
4 , 0 0 0 , 0 0 0 c u . f t . p e r d a y t o 6 , 0 0 0 , 0 0 0 p e r d a y m a x im u m ; a n d t h i s m a y
b e b r o u g h t u p t o a m a x im u m o f 1 0 , 0 0 0 , 0 0 0 p er d a y b y in s t a lla t io n o f a d d it lo n a l a p p a r a t u s o n s a m e p ip in g .
E x t e n s io n s m a d e t o o u r e le c tr ic a l lig h t in g s y s t e m s in c lu d e a lin e t o
S p a n is h F o r t , o n e t o E d g e w o o d a n d G e n tllly T e r r a c e , a n o t h e r t o s e r v e
M e ta ir ie R o a d In t h e P a r is h o f J e ffe r so n .
G e n e ra l — S in c e J a n . 1 4 9 1 2 w e h a v e c o m p le te d t h e w o r k n e c e s s a r y to
a b a n d o n in g V llle r e S t . fr o m S t . P e t e r t o C a n a l S t . a n d o p e r a tin g ea r s
th r o u g h R a m p a r t S t .; a ls o c o n n e c t in g t h e T c h o u p lt o u la s a n d F r e n c h M a r k e t
lin e s . T h e 1 0 0 ,0 0 0 c u . f t . g a s h o ld e r a t V a le n c e S t . , in d is u s e fo r s e v e r a l
y e a r s , w a s p u t In s e r v ic e a t A lg ie r s . C e m e n t a n d ir o n p u r ifie r s a t N e w
O r le a n s g a s p la n t w e r e r e p la c e d b y s t e e l o n e s , d o u b lin g c a p a c it y a n d re
d u c in g c o s t o f o p e r a t io n .
O n g a s s tr e e t m a in s a n d s e r v ic e s le a k a g e w a s
r e d u c e d fro m 1 1 .8 6 % o f g a s s e n t o u t ill 191 0 t o 8 .9 6 % In 1 9 1 1 .
O n M a y 2 8 1911 o c c u r r e d th o o p e n in g o f S p a n is h F o r t P a r k a n d r e s o r t,
b u ilt b y th e R a ilw a y s R e a lt y C o ., o n e o f o u r a f f ilia t e d c o m p a n ie s , a n d le a se d
t o t h e N e w O r le a n s R y . & L ig h t C o.
B o n d s .— D u r in g t h e y e a r w e so ld t o B c r tr o n , G r lsc o m A J e n k s $ 8 0 0 ,0 0 0
5% 4 0 -y e a r r e fu n d in g a n d g e n e r a l lie n g o ld m o r t g a g e b o n d s , t o c o v e r e x
p e n d itu r e s m a d e fo r c o n s t r u c t io n , im p r o v e m e n ts a n d b e t t e r m e n t s ; tn c
d is c o u n t w ill b e a m o r tiz e d d u r in g th e life o f t h e b o n d s th r o u g h t h e In c . a c c t .
S T A T IS T IC S .
1911.
R e v e n u e m il e a g e _______ 1 9 .2 7 7 ,0 0 4
P a s s , c a r r ie d (r e v e n u e ) - 8 2 ,5 2 4 ,9 5 5
T r a n s fe r s r e d e e m e d ( N o .) 2 0 ,0 9 5 ,5 8 1
1910.
I 0 .0 2 t .4 2 9
8 0 ,4 0 8 ,0 8 5
1 9 ,2 4 6 ,0 0 6
1909.
i « .7 J 8 .6 0 5
7 8 ,6 4 3 ,6 8 0
1 7 ,8 1 6 ,7 4 6
1908.
1 8 ,6 7 1 ,2 5 6
7 7 ,4 5 9 ,4 9 9
1 5 ,4 9 2 ,3 6 3
A y r . 20
THE CHRONICLE
1 9 1 2 .]
C O M B IN E D IN C O M E A C C O U N T F O R Y E A R S E N D IN G D E C . 31.
R evenue—
1911.
1910.
1911.
1910.
H allw ay d e p t____$1,465 ,1 9 4 $ 4 ,2 1 4 ,7 6 9 Gross I n c o m e ___ $ 2 ,4 1 9 ,1 4 0 $ 2 ,2 5 3 ,8 2 8
E lectric d e p t.......... 1,182 ,4 9 8 1,074 ,6 0 5
D eductions—
Gas d e p t . . . .......... 1,005 ,2 4 5 . 9 48,182 In t. on fund. d eb t. 8 1 ,5 8 4 .3 7 3 8 1 ,544,032
10,591
O ther ln t. charges
12,616
T o t a l ..................... $0,652 ,9 3 7 8 9 ,2 3 7 ,5 5 3 1)1v s. on m in ority
E xpenses—
4,438
stk s. leased c o ’s.
4,130
R ailw ay d e p t____ $2,764 ,0 3 7 8 2 ,5 6 5 ,4 3 7 A m ort, o f funded
E lectric d e p t_____
533,254
56 4 ,4 5 6
35,597
37,833
d eb t, d isc.& ex p .
Gas d e p t_________
403,803
399,794 T axes on non-opcr.
14,321
16.785
land aod f in a ls .
T o t a l __________S 3 .7 3 7 ,1 2 ! 8 3,52 -,".03 -V IBceilnneous___
4,343
8 ,8 9 /
N e to p e r . r e v e n u e .S 2,915 ,8 1 3 8 2 ,7 0 7 ,8 7 0 D lv . on stock of
T axes ..............
8535 ,3 4 0
8502,949
oth er affll. cos.
Uncol. consu. accts.
5 ,1 9 0
5 ,3 3 6
4,554
ow ned b y others
3 ,0 8 0
Pref. d iv id en d s. (5 % )4 9 9 ,750(2 >3)249875
N e to p e r . Inc. ..$ 2 ,3 7 5 ,2 8 3 $ 2 ,1 9 9 ,5 8 5
O utside op erations
14,454
18,291
M lscell. I n c o m e ...
29,703
3 5,952
T otal d ed u c tio n sS 2 ,147,494 $1,867,811
8386,017
Gross I n c o m e .. .$ 2 ,4 1 9 .4 4 0 $ 2 ,2 5 3 .8 2 8 B alance, s u r p lu s .. 8 2 7 1 ,9 4 6
C O N S O L ID A T E D B A L A N C E S H E E T D E C . 31.
1911.
1910.
A sse ts—
S
8
P roperty,
p lan t,
franchises, & C ..65 ,686,420 64 732,280
4 4,700
21 ,1 0 5
.Securities o w n e d . .
N .O .R y . & L .C o .
6,000
Btks. re-acqulrcd
3 00,203
370 ,9 6 7
M atorlals& su pplles
75,920
3 8 5 ,4 3 0
Cash In banks, &c.
382 ,7 6 5
393,943
B ills r e c e iv a b le .. .
326,762
4 10,229
A ccts. receiv a b le .
597
266
I n t., & c .. r e c c lv ..
S pec’I d ep osits to r
1
3 9 9 ,1 7 1 )
397 ,3 4 0
c o u p ., d lv ., & c .
68.759J
Sinking fu n d s ____
3 9,791
42,179
Prepaid ln su r .,& c .
208,387
Tem porary ad van .
D iscou nt, & c., on
,042,775
bonds s o ld .......... 1, 139,585
45,408
2 8,109
O ther susp . Item s.
1911.
L ia b ilitie s—
S
Preferred s to c k
10 ,000,000
Com m on s to c k
20 ,000,000
S to ck s o f s u b . c o s .
219,300
G en. m tg e. 4>3s 17 ,544,000
U cf.& gen.llenM .5s. 3, ,381,000
F unded debt of
sub sid iary c o s . . 12, ,204,950
B ills p a y a b le..........
12,500
A ccou n ts p a y a b le .
7 51,839
I n t., d lv s. & rents
714,225
M isc e lla n e o u s____
50,214
D ep rec’n re se r v e . .
9 66,428
R eserve for bad
d eb ts, & c ............
9 3 ,6 1 5
N ew equ ip . & b et288,453
te r m ’ts lessor co .
S u r p lu s .................... 2, 5 41,505
1910.
8
10,000,000
20,000,000
2 20,800
17,544.000
2 ,5 8 1 ,0 0 0
1 2 ,324,500
2 5,000
518,623
1 ,1 2 7 ,3 3 0
19,992
1,004 ,3 9 0
130,937
2 ,2 8 4 ,4 9 3
T o ta l...................6 8 ,7 6 8 ,0 2 9 67,< 8 1 ,0 8 6
T o t a l.....................6 8 ,7 6 8 ,0 2 9 6 7 ,7 8 1 ,0 6 6
T h e s t o c k s o w n e d o n D e c . 31 1911 a m o u n t e d t o $ 2 1 ,1 7 8 ,5 0 0 , b e in g s u b
s t a n t i a lly s a m e a s a y e a r a g o ; s e e li s t V . 0 0 , p . 4 4 5 .— V . 9 4 , p . 1 0 5 7 , 7 6 8 .
Youngstown & Ohio River RR.
( R e p o r t f o r F i s c a l Y e a r e n d in g D e c . 31 1911.)
P resident W ill C h ris ty , C leveland, says:
A d d it io n s a n d b e t t e r m e n t s h a v e b e e n m a d e t o a t o t a l o f $ 2 5 ,1 3 4
A dd!
tlo n s m a d e t o t h e r o llin g s t o c k c o n s is t e d o f a n e w 1 0 0 -to n B a ld w in lo c o
m o t iv e a n d t w o c a b o o s e s t o t h e f r e ig h t -h a n d lin g e q u ip m e n t a n d fo u r tr a il
c a r s t o t h e p a s s e n g e r e q u ip m e n t , a n d in a d d it io n t h e p a s s e n g e r c a r s w e r e
e q u ip p e d w ith a u t o m a t ic a ir b r a k e s , r e p la c in g s t r a ig h t a ir -b r a k e e q u ip m e n t ,
t o p e r m it o f t h e o p e r a t io n o f tr a ile r s , t h u s a d d in g g r e a t l y t o t h e f le x ib ilit y
o f t h e p a s s e n g e r e q u ip m e n t .
T h e b o n d Iss u e h a s n o t b e e n I n c r e a s e d , t h e o r ig in a l I ssu e h a v in g b e e n
d a t e d A p r il 1 1 9 1 0 a c c o u n t s fo r t h e d iffe r e n c e s h o w n In b o n d I n te r e s t p a y
m e n t s d u r in g t h e y e a r s 1 9 1 0 a n d 1 9 1 1 . O w in g t o a c h a n g e In t h e s y s t e m o f
t a x a t io n o f p u b lic s e r v ic e c o r p o r a tio n s , r e s u lt in g fr o m t h e e s t a b lis h m e n t
o f a S t a t e T a x C o m m is s io n , t h e t a x e s w e r e In c r e a s e d d u r in g t h e y e a r 19 1 1
a n d p r o v is io n f o r s u c h In c r e a se h a s b e e n m a d e In o u r 191 1 r e p o r ts , a lt h o u g h
t h e t a x e s fo r t h e la s t h a lf o f 191 1 a r e n o t p a y a b le u n t il J u n e 1 9 1 2 .
R E S U L T S F O R C A L E N D A R Y E A R S 1911 A N D 1 9 1 0 .
1911.
1910.
1911.
1910.
G ross e a r n in g s ___ $ 2 3 4 ,4 5 9 $ 2 0 8 ,7 0 6 I n t . o n b o n d s ------ $ 5 0 ,0 0 0
$ 3 7 ,5 0 0
O p e r a tin g e x p . . . $ 1 2 2 , 1 3 5 $ 1 1 3 ,9 4 6 P r e f . d l v s -----(3 > 3 )3 5 ,0 0 0 (1 >3) 1 5 .0 0 0
T a x e s a n d r e n t a ls
1 6 ,2 3 0
1 2 ,4 6 8
S u r p l u s ________ $ 1 1 ,0 9 4
$ 2 9 ,7 9 2
N e t e a r n i n g s . . . $ 9 6 ,0 9 4
$ 8 2 ,2 9 2 R a t io o p .e x .t o e a r n .
52
5 4 .1
A n a ly s is o f e a r n in g s In 1 0 1 1 : P a s s e n g e r , $ 1 6 6 ,8 3 5 ; f r e ig h t . $ 4 7 ,9 2 8 ;
p o w e r , $ 1 7 ,9 2 7 ; m is c ., $ 1 ,7 6 9 ; t o t a l, $ 2 3 4 ,4 5 9 .
M ile s o f m a in t r a c k , 36;
g r o s s p e r tr a c k m il e , $ 6 ,5 1 4 ; n e t , $ 3 ,1 2 0 . C ar m ile a g e : P a s s e n g e r , 5 0 8 ,9 1 3 ;
fr e ig h t , 1 8 6 ,0 7 7 .
G ross in c o m e p e r c a r m ile : P a s s e n g e r , $ 0 .3 6 6 5 ; fr e ig h t ,
$ 0 .2 5 7 5 . P a s s e n g e r s c a r r ie d , 8 1 6 ,2 7 8 ; a v e r , fa r e p e r p a s s e n g e r , $ 0 ,2 0 4 .
B A L A N C E S H E E T D EC. 31.
1911.
1910.
A sse ts—
S
$
R oad & e q u ip m e n t.3 ,2 0 0 ,0 0 0 3 ,2 0 0 ,0 0 0
N ew co n st’n & b c tt’ta 29 ,6 2 2
4,488
Cash ..............................
8,071
40,462
A ccts. receivab le___
18,092
7,832
M aterial & su p p lies.
1,503
233
392
Prepaid a cc o u n ts___
380
T o t a l ...................... .3 ,2 5 7 ,6 8 0 3 ,2 5 3 ,3 9 6
— V 94, p. 913.
1911.
L ia b ilitie s—
$
Preferred s to c k ........... 1 ,000,000
Com m on s to c k ........... 1 ,000,000
B onds Issued................ 1 ,000,000
B onds to be Issu ed . . 200,000
Bills p a y a b le...............
8 ,0 6 6
A ccounts p a y a b le___
8 ,0 5 0
I n t., ta x es, & c.,accr.
10,573
A ccident, & c., res’vc
13,391
S u r p l u s ........................
17,600
1910.
$
1,000,000
1,000,000
1,000,000
200,000
"9^654
2 1 ,1 0 9
7 ,303
15,330
T o t a l .........................3 ,2 5 7 ,6 8 0 3 ,2 5 3 ,3 9 6
Standard Oil Co. of New York.
( B a la n c e S h e e t o f J a n . 1 1912, F i l e d i n M a s s a c h u s e tts .)
T he large reduction In th e to ta l assets and liabilities In 1912 a s com pared w ith
1911, show n below , Is due to th e liquidation o f loans and other readjustm ents of
accoun ts. A great part o f th e llnanclng for th e Standard Oil group o f properties
w as. It Is said , form erly done through the N ew York com p an y, b ut since the disin
tegration , each o f th e separate com panies h a s, o f course, done Its ow n financing.
1912.
1911.
1912.
1911.
A sse ts—
8
L ia b ilitie s—
s
§
8
R eal esta te , nmC apital s to c k ........... 1 5 ,000,000 1 5 ,000,000
ohln., eq u ip .,& c .’ 25,300,5 5 4 2 3 ,0 9 8 ,7 8 8 A ccounts p a y a b le. 16,254,608 7,794 447
M aterial in s tk ., &C.34,557,083 29 877 070 S u r p lu s .....................4 5 ,1 0 1 ,1 2 7 38,7 4 0 ,3 5 8
Oa3h&dcbts r e celv.26,423,1 9 0 85,787*471 F lo a tin g d e b t-------15.854,609 80,750,021
S tock s and b o n d s. 5,92 4 ,4 1 7 3 ,5 2 1 ,4 9 4
T o t a l ....................9 2 ,2 1 0 ,2 4 4 1 4 2 ,2 8 4 ,8 2 6
American Ice Securities Co.
( B a la n c e S h e e t o f D e c . 31.)
T o t a l ....................25,6 2 5 ,8 8 0 2 4 ,934,734
1911.
1910.
L iabilities—
$
$
Stock Issued..........1 9 ,045,100 1 9 ,043,100
D e b e n tu r e s ............ 3 ,0 0 0 ,0 0 0 3 ,0 0 0 ,0 0 0
Accrued I n te r e s t..
4 4,598
4 4,598
A ccounts p a y a b le .
44
44
S u r p lu s...................... 3 ,5 3 0 ,1 3 8 2,84 0 ,9 9 2
T o t a l .................. .2 5 ,6 2 5 ,8 8 0 24,934,734
* 70 ,5 6 5 .7 shares A m . Ice com m on stock a t $66 2-3 per share — V . 9 3 , p. 1192.
Corn Products Refining Co., New York.
( R e p o r t f o r F i s c a l Y e a r e n d in g F e b . 29 1912.)
IN C O M E A C C O U N T
Y E A R E N D IN G F E B . 29.
1912.
1911.
1910.
1909.
P r o f it s fr o m o p e r a t i o n . . $ 3 ,3 2 6 ,1 7 0
$ 3 ,4 3 7 ,3 1 8
$ 3 ,3 0 0 ,8 5 9
$ 3 ,5 4 9 ,6 5 3
I n t . o n d e p o s i t s & lo a n s .
3 2 ,6 4 3
3 8 ,9 1 8
7 4 ,8 4 3
8 7 ,4 3 0
I n t .,& c .,o n s c c u r ’s o w n e d
1 6 ,6 8 1
4 5 ,0 7 1
5 2 ,0 2 3
3 9 ,8 4 1
R e n t s r e a l e s t . n o t u se d
In o p e r a t i o n ___________
8 ,4 6 7
1 0 ,2 9 7
1 0 ,8 5 0
7 ,5 4 1
T o t a l in c o m e ________
$ 3 ,3 9 0 ,2 3 6
D e d u c t—
•
I n t e r e s t o n b o n d s _____
$ 3 5 6 ,0 1 3
I n t . o n b o r r o w e d c a p it a l
T a x e s _________________
1 4 9 ,0 2 6
I n s u r a n c e _______________
1 5 8 ,8 2 0
M is c e lla n e o u s e x p e n s e s .
P r o f lt - s h a r in g r e s e r v e . .
D iv . o n p r e f. s t o c k (5 % )
1 ,5 0 0 ,0 0 0
D e p r e c ia t io n . ________
4 1 5 ,1 5 6
R e p a ir s & r e p la c e m e n t s
2 0 0 ,5 6 9
D is c o u n t o n b o n d s s o l d .
6 0 ,0 0 0
R e s ’v c fo r g e n . S t a t e &
c o r p o r a te t a x e s _______
$ 3 ,3 8 9 ,4 2 3
$ 3 ,5 7 4 ,4 8 1
$ 3 ,6 8 4 ,4 6 5
$ 3 7 3 ,7 0 7
$ 3 7 4 ,3 0 3
2 2 ,0 9 5
1 0 2 ,8 7 9
1 0 3 ,1 4 5
2 2 ,5 7 6
1 7 5 .0 0 0
1 ,5 0 0 ,0 0 0
3 8 2 ,5 4 7
$ 9 2 ,7 7 8
4 0 ,4 2 3
7 1 ,5 2 1
1 2 5 ,9 8 5
3 0 ,1 4 8
5 0 5 ,0 0 0
1 ,5 0 0 ,0 0 0
T o t a l d e d u c t io n s . 1 ___ $ 2 ,8 3 9 ,5 8 4
S u r p l u s ------------ -------------- £ $ 5 5 0 ,6 5 2
$ 2 ,7 8 6 ,8 1 2
£ $ 6 0 2 ,6 1 1
1 4 1 ,8 6 4
1 5 9 ,2 3 7
1 ,5 0 0 ,0 0 0
4 2 1 ,5 3 8
1 9 0 ,4 6 5
* 3 4 7 ,4 1 1
2 5 0 .0 0 0
7 0 ,0 0 0
$ 3 ,0 0 2 ,5 4 5
£ $ 5 7 1 ,9 3 6
$ 2 ,7 1 3 ,2 6 6
$ 9 7 1 ,1 9 9
’ A d d it io n s a n d b e t t e r m e n t s c h a r g e d o ff In lie u o f d e p r e c ia t io n , x F r o m
th e -? u/ P i US.e?<38 «alb-,o v e J
M 1 0 -1 1 a n d 1 9 0 9 -1 0 t h e r e w a s d e d u c t e d
$ 3 1 7 ,6 2 6 , $ 3 0 3 ,5 1 7 a n d $ 3 0 5 ,5 0 0 , r e s p e c t i v e ly , u s e d fo r p a y m e n t o f b o n d
s in k in g fu n d r e q u ir e m e n t s , le a v in g $ 2 3 3 ,0 2 6 In 1 9 1 1 -1 2 , a g a in s t $ 2 9 9 ,0 9 4
a n d $ 2 6 6 ,4 3 6 .
C O R N P R O D U C T S R E F I N I N G C O .— G E N E R A L B A L A N C E S H E E T F E B . 29
1912.
1911.
1012.
1911.
A sse ts—
S
S
L ia b ilitie s—
$
$
P la n ts & secu r's.a 8 9 ,9 6 9 ,8 1 7 88 ,2 7 4 ,3 6 9 Pref. s tk . o u tst’g . 2 9 ,8 1 8 ,5 3 3 2 9 ,818,533
35,051 Com . s tk . o u ts t’g .4 9 ,7 5 6 ,5 3 3 4 9 ,756,533
47,907
F urniture, & c ___
2 76,228 1st M. 5% gold b ds 5 ,7 4 9 ,0 0 0 4 ,8 7 0 ,0 0 0
Cash .........
315,662
...............
D em an d lo a n ........
40 0 ,0 0 0 1st M. 6s (G ranite
B o n d , & c.. Interest
C ity p la n t ) ____
300 ,0 0 0
3 0 0 .0 0 0
3 4 ,721 25-yr. 5% d eb .b d s. 1,575,000 1,68 9 ,0 0 0
a c c r u e d _______
24,496
N o tes & a cc ts.re c. 2,792,234 2 ,2 3 6 ,9 2 8 N . Y . G lue. 1st 6 s . 1,454,080 1,54 4 ,9 6 0
D ue from a ffll.co s. 1,067,241
9 13,138 Vouchers p a y a b le . 1,088,025 1,01 6 ,9 4 8
3,221 .3 3 1 A ccounts p a y a b le .
M e r c h a n d ise _____3 ,5 1 4 ,5 3 0
34 4 ,2 9 6
237,203
Prepaid ex p e n se s.
3 0 ,7 2 5
20,843 A ccr’d Int. on b d s .
125,583
111,517
Insur. prem s. (unD lv . p ay. Apr. 1 0 .
6 00,000
6 0 0 .0 0 0
explred propor.)
44,694
51,903 O u tstand ing stock
N a t’l Starch C o ..
9 20,070 1,694,946
659,641
o f m erged c o s . .
659,641
R e s e r v e s ________ 6647,014
4 9 0,105
S u r p l u s ...................c6,6 15,670
6 ,0 6 5 ,0 1 8
T o ta l ................... 9 8 ,7 3 3 ,3 7 6 9 7 ,1 5 9 ,4 5 8
T o t a l .................... 9 8 ,7 3 3 ,3 7 6 9 7,1 5 9 ,4 5 8
a Includes $3,7 5 7 ,6 8 9 m iscellaneous securities In 1912 (Including S I ,89 0 ,500
pledged under th e m ortgage securing th e C om Products R ef. C o .’s 1st M. 5% gold
b o n d s), against $ $ 3 ,4 7 1 ,5 9 7 In 1911. 6 R eserves In 1912 Include $ 15,000 for bad
debts; S135.000 for general, S ta te and corporate taxes; $ 76,986 for profit-sharing
and $420,027 for acco un ts In course o f a d ju stm en t, c T he surplus a s a b ove In 1912,
$ 6 ,6 1 5 ,6 7 0 , Includes S2,6 90,096 proportion represented b y Investm ents in plants
and sto ck s of m erged com panies: $1,8 9 6 ,1 7 2 proportion represented b y in v estm en ts
In m iscellaneous securities; $ 1 ,427,284 proportion used for pa y m en t o f bond sinking
fund requirem ents and $ 6 0 2 ,1 1 8 proportion reserved for w orking cap ital.
N ote.—'T he com p an y, In addition to Its ow n bonded d eb t, also guarantees th e
principal and Interest o f th e $ 5 ,1 6 6 ,0 0 0 N a tio n a l Starch Co. 5% debenture bonds o f
1930, w hich were Issued in exchange for N ation al Starch Co. debenture 1st M. o f
1925, and N ational Starch Mfg. Co. 1st M. 6% bonds; o f th e bonds so surrendered,
3 5 ,1 6 6 ,0 0 0 are held b y th e Farm ers’ Loan & T rust C o., tru stee under th e provisions
o f th e bondholders’ agreem ent o f A pril 8 1910.— V . 9 4 , p. 98 5 , 829.
In te rn a tio n a l S a lt Co., N e w Y o rk .
( R e p o r t f o r F i s c a l Y e a r e n d in g F e b . 29 1912.)...
President Mortimer B. Fuller says in substance:
R e s u lts .— N o t w i t h s t a n d i n g t h e g e n e r a l u n s e t t le d c o n d it io n s w h ic h , fo r a
t im e a t le a s t , a ffe c te d t h e s a lt b u s in e s s , th e e a r n in g s fo r t h e y e a r w e r e
$ 5 1 9 ,1 3 4 , o r a n In c r e a se o f $ 3 0 ,3 2 7 . O w in g t o t h e lo w p r ic e s p r e v a ilin g
o n e v a p o r a t e d s a lt , a n d th e d e c r e a s e d d e m a n d s fo r a ll g r a d e s o f s a lt , th e
e a r n in g s fo r t h e 3 m o n t h s e n d in g M a y 31 w e r e a p p r o x im a t e ly $ 4 0 ,0 0 0 le s s
t h a n in 1 9 1 0 , b u t w it h t h e im p r o v e d c o n d it io n s fo r t h e r e m a in in g 9 m o n t h s ,
t h e g a in s h o w n w a s o b t a in e d .
T h e la r g e p la n t s a t W a t k in s a n d L u d lo w v ille , N . Y ., a r e o p e r a t in g s u c
c e s s f u lly . T h e c o s t o f p r o d u c tio n h a s b e e n r e d u c e d a n d t h e q u a l it y o f t h e
p r o d u c t w a s a ll t h a t c o u ld b e d e s ir e d .
R e f u n d in g .— O n J a n . 1 191 2 a n o p p o r t u n ity p r e s e n te d I tse lf t o r e tir e a ll
t h e o b lig a t io n s s t ill o u t s t a n d in g (3 -y e a r n o t e s , d u e J u ly 1 n e x t ) th r o u g h a
n e w is s u e o f $ 4 0 0 ,0 0 0 3 - y e a r n o t e s d u e J a n . 1 1 9 1 5 , t h e r e b y p la c in g th e
c o m p a n y in e a s y c ir c u m s ta n c e s .
S e ttle m e n t— B o n d s .— N o t ic e h a s b e e n g iv e n b y t h e r e c e iv e r s o f t h e N a
t io n a l S a lt C o . t h a t t h e s u it a g a in s t th e m w a s f in a lly s e t t le d b y a d e c isio n
n t h e ir fa v o r ; t h a t t h e c la im s o f a ll c r e d ito r s h a v e b e e n s a t is f ie d , a n d t h a t
t h e b a la n c e r e m a in in g in t h e r e c e iv e r s ’ h a n d s fo r d is t r ib u t io n w ill bo u s e d
fo r th e p a y m e n t o f a d iv id e n d t o t h e h o ld e r s o f t h e p r e f. s t o c k o f t h e N a t io n a l
S a lt C o . T h e fu n d s r e c e iv e d fr o m t h is s o u r c e (p r o b a b ly a b o u t $ 8 0 ,0 0 0 )
w ill, u n d e r t h e t e r m s o f t h e c o lla te r a l tr u s t m o r tg a g e , b e a p p lie d b y th e
m o r t g a g e t r u s t e e t o t h e r e tir e m e n t o f b o n d s (V . 9 4 , p . 4 1 9 ) .
O u tlo o k .— T h e g e n e r a l m a r k e t c o n d it io n s a r e s a t is f a c t o r y a t t h e p r e s e n t
tim e , a n d it is h o p e d t h a t a n In c r e a se c a n b e s h o w n o v e r t h e y e a r j u s t e n d e d .
F IN A N C IA L O P E R A T IO N S FO R F IS C A L Y E A R S E N D IN G F E B . 2 9 .
*
'
,
1911.
1910.
N e t e a r n s , o f t h e s u b s ld . c o s . a f t e r d e d u c t in g a ll e x p . o f
...........................
...........................
o p e r . a n d p r o d u c in g , a d m in is ’n , t a x e s , in s u r ., s e llin g
c o s t . & c - - ---------------------------------------------------------------------------- $ 5 1 9 ,1 3 4 $ 4 8 8 ,8 0 7
R e c d In c a s h , a s p a r t c o n s id c r ’n fo r s a le W e s te r n p r o p . . _______
1 0 0 ,0 0 0
T o t a l -------------------------- --------------------- ------------- ----------------- $ 5 1 9 ,1 3 4 $ 5 8 8 ,8 0 7
D e d u c tio n s —
. . .
I n t . o n I n t c r n a t . S a lt C o . b o n d s , o n R e t s o f M in in g C o .
• •
b o n d s a n d o n t h e 3 - y r . c o lla te r a l t r u s t n o t e s . . . _
$ 3 5 1 ,7 4 5 $ 3 4 6 8 9 5
M lsc . a c c t s . a n d in d e b t e d n e s s Incurred p rio r t o M c h . 1 ’10 ____
143*440
N e w c o n s t r u c t io n n o t c h a r g e d o u t o f e a r n in g s _________
1 1 ,0 5 2
4*697
M is c e lla n e o u s e x p e n s e s o f I n t e r n a t io n a l S a lt C o ., in c lu d
in g o f f ic e r e n t s , le g a l e x p e n s e . S t a t e t a x e s , & c _______
3 1 ,0 3 5 • 2 6 4 5 5
D iv s . p a id o n s t o c k o f s u b s id s . o w n e d b y o u t s id e I n te r e s ts 2 8 ,3 2 0 • 10*000
P a id o n a c c o u n t o f 3 - y e a r t r u s t n o t e s ___________
8 0 ,0 0 0 ■
T o t a l .....................9 2 ,2 1 0 ,2 4 4 1 4 2 ,2 8 4 ,8 2 0
* Includes In 1912 real esta te, S 9 ,724,400; m achinery and construction, 8 1 1 ,5 4 0 ,
080: vessels, $ 3 ,0 1 0 ,1 3 1 , and sta b le eq u ip m en t and office furniture, 8 1 ,0 2 5 .9 4 3 .—
V. 94, p. 034, 284.
1910.
1911.
A s se ts —
$
P f. s tk . A m er. Ice. 14,352,600 14,340,700
Com . s tk . A m . Ice.*4,701,380 4,702,380
T rea a .stk .l-5 s h w e
20
20
T reas. bds. & scrip
20,919"' 26,919
N o tes r e c e iv a b le ..
10,000
20,000
A ccu ’d pref. dlvs.
of A m . Ice C o .. 6,530,433 5,843,835
C o s h ...........................
1,403
629
M isc ella n e o u s____
125
250
1117
$ 5 0 2 ,1 5 2 $ 5 3 1 ,4 8 6
. $ 1 0 ,9 8 2
$ 5 7 ,3 2 1
G a in in c a s h a s s e t s .
-V . 9 3 , p . 1536.
GENERAL XNVESTM ENT N E W S
RAILROADS, INCLUDING ELECTRIC ROADS.
Berkshire (Mass.) Street Ry.—L e a s e . — T h e Mass.
RR.
Com m ission has approved the term s of a 99-year lease fro m
Feb. 1 of the p ro p e rty of T h e V e rm o n t Co. to the B e rk s h ire
S tre e t R y . Co.— V . 94, p. 205.
Binghamton (N. Y.) Ry.—E a r n i n g s .—
Y ear—
G ro ss.
1 9 1 1 - 1 2 -------- $ 3 9 9 ,2 0 0
E x pen ses.
$ 2 1 6 ,4 7 2
N e t.
$ 1 8 2 ,7 2 8
—V. 94,'p( 3493,026525
2 U ’829
152:200
Y e a r end. M ch.
In t & T axes
$112 427
Camden & Suburban (Electric) Ry.—S a le
“ W”
31:
S u r n lu s
$ 7 0 301
" jS #
o f B o n d s .— T h e
co m p any has sold to B io ren & Co. $250,000 1st M .
5% gold
1118
bonds due J u ly 1 1946, to re tire the $250,000 Cam den Horse
R R . 5s due M a y 1 1912.— V . 89, p. 1541.
Central Pacific Ry.—T a k e s T i t l e to V a r io u s P r o p e r t i e s .—
T h e C e n tra l Pacific acquired as of Feb. 29 1912 the lines and
o th e r p ro p e rtie s of the fo llo w in g companies w h ic h were
o rganized fo r co nstru ctio n purposes:
C e n tr a l C a lifo r n ia R y . C o .. N ile s t o R e d w o o d C it y . C a L - - - - - - 1 6 .3 1 m ile s
F e r n le y & L a s s e n R y ., p r o je c te d F e r n lc y , N e v ., t o S u s a n v ille .C a l.,a n d b e y o n d
C h ic o & N o r th e r n R R . , C h ico t o S t ir lin g C it y , C a l - - - - - - - - - - - - 3 2 m ile s
M o d o c N o r th e r n R y . , p r o je c te d A lt u r a s , C a l., t o K la m a t h b a lls . O r e.
N e v a d a & C a lifo r n ia . H a z e n , N e v . , t o M o ja v e , C a l--------i8 0
lies
S a c r a m e n t o S o u t h . R y . , S a c r a m e n to t o W a ln u t G r o v e ., C a l., 2 4 m ile s , o f
w h ic h 0 m ile s o p e r a t e d .
T
G o o s e L a k e & S o . R y . , p r o je c te d O r e. lin e a t G o o s e L a k e t o A n d e r s o n , C a l.
O r e g o n E a s t . R y . , W e e d t o K la m a t h F a lls In o p e r a t io n , t h e n c e t o N a tr u n
u n d e r c o n s t r u c t io n .
t _
I n consideration of conveyance of title s , the C e n tra l Pacific
assumes the bonds, w hich, to g e ther w ith the stocks, are
held in the S o u th e rn Pacific tre a s u ry, sub ject to such
d isp o sition as m a y la te r be d ete rm in ed upon to reim burse
the S o u th e rn Pacific fo r advances m ade fo r construction.
T h irty - y e a r bonds have been thus fa r issued b y the C e n tra l
C a lifo rn ia fo r $3,000,000, Chico & N o rth e rn $1,000,000,
S acram ento S o u th e rn $2,500,000, N e va d a & C a lifo rn ia
$8 500,000, O regon E a s te rn $5,000,000.
The bonds are
a ll dated N o v . 1 1911, except the O regon E a s te rn , w hich are
dated Jan. 2 1912. See also V . 94, p. 982.
Chicago City & Connecting Railways. L is t e d . T h e N ew
Y o r k Stock E xc h an g e has listed $22,000,000 c o lla te ra l tru s t
5 % s in k in g fu n d bonds, due 1927 — V . 94, p. 416, 349.
.
Chicago City Ry.— F a v o r a b le D e c is io n .- —J u d g e K o h ls a a t
in the U . S. D is tr ic t C o u rt on A p r il 11 dismissed the s u it
b ro u g h t b y Charles H . V e n n e r to set aside the 20-year
franenise o rdinance of 1907.
Tmio-p K o h ls a a t r e fe r r in g t o t h e p r e v io u s d e c is io n o f t h e S t a t e S u p r e m e
P o u r t fn th e s u it b r o u g h t b y V e n n e r , s a y s t h a t “ th e la w a s g iv e n b y th e S t a t e
Suorcm e C o u r t in it s o p in io n in t h e m a t t e r is fin a l. T h is C o u r t c o n s tr u e s
®curs
a ww it preelieV
as it
^
^
h t h a t t r ib u n a l In it s o p in io n . — V . 9 4 , p . 9 7 8 , 8 2 6 .
Chicago Indianapolis & Louisville R y —B o n d s
O f f e r e d .—
W h it e W e ld & Co., N e w Y o r k and Chicago, a nd 1 o tte r,
C ho ate & P re n tic e , N e w Y o r k , b y a d v e rtis e m e n t pn a n
o th e r page, o ffe r fo r in v e s tm e n t a t 1 1 0 ^ and in t. , y ie ld in g
o v e r 4 .4 0 % , $ 1,558,000 " re fu n d in g (n o w firs t) m o rtg ag e
5%
bonds, Series B of 1 8 9 7 ," due J u ly 1 1947. th e s e
bonds w ere sold b y the c o m p a n y to p ro v id e fo r the p u r
chase of a d d itio n a l e q u ip m e n t, b e in g the fin a l lo t ot a
closed $ 15,000,000 issue, e m b ra c in g $ 4,700,000 Series
“ A ” 6s, $5,000,000 Series " B " 5s and $ 5,300,000 Series
" C ” 4s. T h e b a n ke rs note:
(1) A c lo s e d fir st a n d o n ly m o r t g a g e o n t h e e n t ir e r a ilr o a d o w n e d , 5 0 8 .7 9
m l(2) ’ P r o p e r t y 1ain t r in s le a lly eL T u a b le , Is w e ll m a in t a in e d a n d o f g r e a t im p o r u n c e t o t h e L o u is v ille & N a s h v ille R R . a n d S o u t h e r n R y . , a ffo r d in g
t h e m m i I n d e p e n d e n t o u t le t t o C h ic a g o , & c. [S e e m a p o n p . 128 o f
' ' £( 3 )UVC o n t? o lle (f j o in t ly b ^ th e ^ a fo r c s a ld c o m p a n ie s , w h ic h o w n a b o u t 8 7 %
o f ? h e M p i t a l s t o c k a n d h a v e d e p o s it e d It u n d e r th e ir j o in t “ M o n o n ”
C0E m n rinlg s rfoSr t h e l a T f l s c a l y e m , ' a f t e r d e d u c t in g a ll o t h e r fix e d c h a r g e s ,
w e r e n e a r ly t w ic e t h e in t e r e s t o n t h e f u n d e d d e b t .— V . 9 4 , p . 6 9 7 , 6 2 9 .
Chicago Milwaukee & St. Paul Ry .— N e w B o n d s .— A n
o ffic ia l c irc u la r dated a t N ew Y o r k A p r il 10 1912 gives the
p a rtic u la rs p ublished in the "C h ro n ic le la s t week reg ard ing
the rig h t offered to the holders of the pref. and com. stock to
subscribe a t p a r a t the office, 42 B ro a d w a y, N Y
on o r
before M a y 31 1912 fo r an a m o u n t of new c o n ve rtib le 4>fc%
gold bonds (p a rt of a u th . issue of $50,000,000) eq ual to 15%
of th e ir respective holdings on A p r il 25 1912.
T h e b o n d s w ill m a t u r e J u n e 1 1 9 3 2 , b u t m a y b e c o n v e r tib le a t p a r in to
c o m m o n s t o c k a f t e r J u n e 1 1 9 1 7 a n d p r io r t o J u n e 1 102 2 a t t h e o p t io n o f
th (T h o ld e r s , a n d a t t h e o p tio n o f t h e c o m p a n y m a y b e r e d e e m e d a t 105%
and I n te r e s t a f t e r J u n e 1 192 2 o n 9 0 d a y s ’ n o t ic e . S e e V . 9 4 , p . lOuG.
Chicago Subway Co.— S a le A p p r o v e d . — Judge H o lt in the
U S D is tric t C o u rt on A p r il 15 confirm ed the sale of
the p ro p e rty on A p r il 3 fo r $30,000 to B e n ja m in H a rm o n ,
a cting fo r the re o rg a n iza tio n co m m ittee, and ap pro ved the
tra n s fe r b y th e la t t e r to the new Chicago U tilitie s Co., w hich
has been inco rp o rate d to ta ke o ve r the a llie d p ro p erties.—
V . 94, p . 10 56,767.
Chicago Terre Haute & Southeastern Ry.—B o n d s
O ffe r e d .
__ F . j . L is m a n & Co., Chicago, N ew Y o r k , &c., are offering
a t 97 and in te re s t a b lo ck of firs t and re fu n d in g M . 5 % bonds
due Dec. 1 1960. O u ts ta n d in g a m o u n t $3,950,000.
T h e b a n k e r s s a y t h a t fo r t h e y e a r e n d in g J u n e 3 0 191 1 t h e c o m p a n y ’s
n e t e a r n in g s a m o u n t e d to $ 7 1 9 ,0 0 9 ; In te r e s t o n u n d e r ly n g b o n d s , $ 3 1 8 ,9 8 0 ,
le a v in g $ 4 0 0 ,0 2 9 ; I n te r e s t o n 1 s t a n d r e fu n d in g o s o u t s t a n d in g , $ 1 6 7 ,5 0 0 ,
b a la n c e s u r p lu s , $ 2 3 2 ,5 2 9 . a n d t h a t fo r t h e 7 m o n t h s e n d e d J a n . 31 1912
n e t In c o m e (a fte r d e d u c t in g t a x e s ) In c r e a se d $ 2 1 ,0 0 0 o v e r th e c o r r e s p o n d in g
p e r io d o f t h e p r e v io u s y e a r . C o m p a ie a n n u a l r e p o r t In V . 9 4 , p . 6 2 2 .
Cincinnati Northern RR.—A p p l i c a t i o n
to I s s u e B o n d s . —
See C lev. Cin. Chi. & S t.L o u is R y . b elow .— V . 94, p. 826.
(The) Citizens’ Traction Co (of Venango County, Pa.)—
B a n d s .— E a r n i n g s , A c .— B ro w n B ro th e rs & Co., w ho w ith
R o b e rt G le n d in n in g & Co. and W . I I . N ew b o ld s Son & Co.,
a ll of P h ila d e lp h ia , re c e n tly acquired c o n tro l of the Citizens
T ra c tio n Co. of O il C ity , and are reo rg a nizing i t u nd er the
foregoing t itle , i t is understood, are offering p riv a te ly a t
99 and in t. the new 1st M . 5s (see V . 94, p. 697), subject
to a u th o riz a tio n b y the shareholders n e x t m o n th .
L im it o f a u t h . I ssu e § 2 ,5 0 0 ,0 0 0 .
P r o c e e d s o f I m m e d ia te
a n d a n a d d it io n a l $ 1 5 0 ,0 0 0 d u r in g 1 9 1 2 a r e t o r e tir e $ 7 3 6 ,0 0 0 b o n d s
(o u t o f a n Issu e o f $ 7 5 0 ,0 0 0 b o n d s ) n o w o u t s t a n d in g ; t o e x t in g u is h t h e flo a t
in g d e b t , a n d t o p r o v id e fo r I m p r o v e m e n ts a n d e x t e n s io n s ; fu r th e r b o n d s
c a n b e d r a w n d o w n fo r n o t m o r e t h a n 85 % o f t h e c o s t o f a d d it io n s or
e x t e n s io n s , b u t o n ly w h e n n e t e a r n in g s a p p lic a b le t o fix e d c h a r g e s s h a ll
b e 1 M t im e s t h e I n te r e s t c h a r g e . I n c lu d in g t h e b o n d s t h e n to b e Iss u e d .
I n t e r e s t A . & O . a t P e n n . C o . fo r I n s . o n L iv e s , & c ., P h il a ., t r u s t e e .
S in k in g f u n d , t o b e g in A p r il 1 1 9 1 7 , e q u a l t o 1% o f t h e o u t s t a n d in g b o n d s ;
a f t e r A p r il 1 1 9 2 2 a n e q u a l a m o u n t Is a n n u a lly t o b e s e t a s id e fo r im p r o v e
m e n t s a n d b e t t e r m e n t s R o n d s d a t e d A p r il 1 191 2 a n d d u e A p r il 1 1 9 4 2 .
[Vol.
THE CHRONICLE
LXXXXXV.
b u t r e d e e m a b le a t 105 a n d i n t ., e ith e r a ll o r a n y p a r t, o n a n y in te r e s t d a te
or after March 31 1 9 1 7 , for sin kin g fund purposes.
E a r n i n g s .— 9 M o s . e n d in g M a rc h 3 1 —
------
- 1-9- 1- 1: 1- 2- ’
N e t e a r n in g s (a f t e r o p e r a t in g e x p e n s e s ) ---------------- 8 8 ,3 8 1
6 9 ,8 1 2
O f f ic e r s .— J o s e p h S e e p , P r e s t ., T it u s v ill e , P a .; W illia m H a s s o n , V .- P r c s t .,
G . G . S lo a n , T r e a s . & S e c ., a n d F . D . S h a ffe r , G e n . M g r ., O il C it y , P a .
O v e r a tin a M a n a g e r s .— D a y & Z im m e r m a n , 6 0 8 C h e s t n u t S t . , P h il a .
D ir e c to r s .— J o s e p h S e e p , T it u s v ill e , P a .; P . C . B o y le
a n d W illia m
H a s s o n , O il C it y , P a .; G e o r g e I I . F r a z ie r , a n d J a m e s C r o s b y B r o w n ,
B r o w n B r o th e r s & C o ., P h ila .; J o h n S . N e w b o ld , a n d B . B o r ic J r ., o i l
C h e s t n u t S t . , P h ila .; C h a r le s D a y a n d J o h n E . Z lm m e r m a n n , 6 0 8 C h e s tn u t
St
P h ila .; C . W . W e ls h , 4 0 0 C h e s tn u t S t . , P h ila .; J o s e p h B . M a y e r , c a r e
E q u it a b le T r u s t C o ., N . V . C it y .— V . 9 4 , p . 6 9 7 .
C leve la nd C in c in n a ti Chicago & St. L o u is R y . — A p p l i c a
tio n to I s s u e B o n d s . — T h e com pany and its co ntrolled p ro p
e rty , the C in. N o rth . R R . , have applied to the O hio P . S.
Com m ission fo r a u th o r ity to issue $1,579,000 and $144,000
bonds, resp e ctively, to p a y flo a tin g d eb t and fo r im p ro v e
m ents. A hearing w ill be held A p r il 30 on b o th p e titio n s .
— V . 94, p. 823, 839.
D e n v e r & R io G rande R R . — N e iv D ir e c to r . — E . L . B ro w n ,
Vice-President and Gen. M anager, has been elected a d i
re c to r to succeed H o w a rd G o uld , w ho resigned. V . 94,
p. 911, 697.
.
E n id O chiltree & W e s te rn R R . — R e c e iv e r 's S a l e . — R e c e ive r
I I . G. H e n d ric ks, A m a rillo , T e x ., is a d v e rtis in g fo r b ids fo r
the p ro p e rty .
U pset price, $31,000.
T h e p r o p e r t y c o n s is t s o f 13 'A m il e s o f tr a c k fr o m D a lh a r t e a s t e r l y to
W ilc o T e x . 6 0 - lb . n e w s t e e l ; 34 m ile s g r a d e fr o m D a lh a r t t o D u m a s l e x . ,
112 m il e s r ig h t o t w a y fr o m D a lh a r t t o O c h ilt r e e , T e x .; o n e - h a lf in t e r e s t
In 9 t o w n s lt e s o f 6 4 0 a c r e s e a c h ; 34 a c r e s la n d In D a lh a r t fo r t e r m in a l
g r o u n d s ; 2 r a ilr o a d m o t o r c a r s , 2 p u s h c a r s a n d 1 h a n d c a r , t o o l s . <Scc.
— V . 92, p. 1374.
E rie R R . — O f fe r in g o f T h r e e - Y e a r 5 % C o lla te r a l G o ld N o te s .
__ j
p M organ & Co., the F ir s t N a tio n a l B a n k and the
N a t. C it y B a n k offered on A p r . 16, a t 9 9 M and in t . , y ie ld in g
a b o u t 5.27 U % (see a d v e rtis e m e n t on a n o th e r page) th e u n
sold p o rtio n of the issue of $10,000,000 3-year 5 % coll, gold
notes dated A p r il 1 1912 and due A p r il 1 1915. P a r $5,000
and $1,000 (c*). In te re s t p ayab le A . & O. Tru ste e, B a n k
ers T r u s t Co., N . Y . C ity .
T h e b a n ke rs announced on
T h u rs d a y th a t th e notes had a ll been sold.
L e tte r fro m P r e s id e n t F . D . U n d e r w o o d , N e w Y o r k . A p r il 4 1 9 1 2 .
R e fe r r in g to th e $ 1 0 ,0 0 0 ,0 0 0 o f E r ie R R . C o . 3 - y e a r ;> /„ n o te s d a t e d
A p r il 1 1 9 1 2 , w h ic h y o u h a v e p u r c h a se d fr o m t h is c o m p a n y
are
s e c u r e d u n d e r th e c o lla te r a l in d e n tu r e o f A p r il 1 1912
^
B a n k e r s T r u s t C o ., tr u s t e e , o f t h e fo llo w in g s e c u il t ie s , a g g r e g a tin g a t
E r i e ^ t R ° C o ’.°g en . M . 1% c o n v e r tib le 5 0 -y r . g o ld b o n d s , S e r . C - $ 1 0 ,0 0 0 ,0 0 0
E r ie R R . C o . 1 st c o n s o l. M . g e n e r a l lie n 4.% g o ld b o n d s -------------a ’n o n ’non
o ’n n n ’nno
E r ie & J e r s e y R R . C o . 1 s t M . 4 % 5 0 -y r . g o d b o n d s ------------------G e n e se e R iv e r R R . C o . 1 st M . 4% 5 0 -y r . g o ld b o n d s -------- -2 ,0 0 0 ,0 0 0
W e b e g t o c a ll y o u r a t t e n t io n to th e fo llo w in g f a c t s w ith r e fe r e n c e to
t h e e a r n in g s a n d o p e r a tio n s o f th is c o m p a n y , a n d to Its p la n s fo r t h e e x n c n d ltu r e o t t h e fu n d s r e a liz e d fro m th e s a le o f th e s e n o t e s .
* ( i ) T h e c o m p a n y 's g r o s s I n c o m e h a s In c r e a se d in r o u n d fig u r e s fr o m
$ 4 0 0 0 0 0 0 0 in 1 9 0 2 t o $ 5 6 ,0 0 0 ,0 0 0 In 1 9 1 1 , e q u iv a le n t to 4 0 % d u r in g t h e
10 v e a r s
T h e a v e r a g e n e t in c o m e fo r th e s a m e p e r io d h a s b e e n , a fte r t h e
l°w yS
o f a ll in t e r e s t r e n ta ls , & c ., $ 4 ,5 0 0 ,0 0 0 p er a n n u m ; th e in c o m e
fPoryth e fls c a l y e a r e n d t a g J u n e SO 1911 h a v in g b e e n $ 0 ,5 0 0 ,0 0 0 a n d fo r th e
Six m o n t h s e n d in g D e c 3 1 la s t $ 3 ,6 3 8 ,0 0 0 . T h e s e fig u r e s s h o w a n a m p le
m a r g in a v a ila b le o v e r a n d a b o v e t h e I n te r e s t u p o n th e c u r r e n t o u t s t a n d in g
0 b ( 28)a T h e Ss u m o f $ 4 0 ,1 9 5 ,0 0 0 h a s b e e n e x p e n d e d fr o m in c o m e d u r in g th e
s a m e p erio d o f 10 y e a r s fo r a d d it io n s a n d b e t t e r m e n t s to th e c o m p a n y s
p r o p e r t y , fo r w h ic h e x p e n d it u r e s th e c o m p a n y h a s n o t a s y e t b e e n r e lm (!)C A t o r b e fo r e t h e m a t u r it y o f a ll n o t e s o f t h is
o ^ ^ n d in g .
a g g r e g a tin g $ 2 7 ,0 5 0 ,0 0 0 (In c lu d in g th e p r e s e n t is s u e ) , th e c o m p a n y w ill
h a v e a v a ila b le t o t a k e u p s u c h n o te s $ 5 0 , 0 0 0 , 0 0 0 o f m o r tg a g e b o n d s , in
c lu d in g $ 1 3 ,0 0 0 ,0 0 0 o f 1 st M . b o n d s o f t h e E r ie & J e r s e y a n d G e n e se e R iv e r
r a l(4 °‘T h e Cc°omPpT n y 'p la n s a t o t a l e x p e n d it u r e o f $ 2 0 0 0 0 .0 0 0 in th e : n e x t
th r e e y e a r s fo r a d d itio n a l m a in tr a c k s , s id e tr a c k s , e n la r g e d t e i m ln a ls , & c.
O n e -h a lf o f t h is a m o u n t h a s J u st b e e n m a d e a v a ila b le b y y o u r p u t c h a s c o f
thpCn o t e s h e r e to fo r e d e s c r ib e d . T h e o th e r $ 1 0 ,0 0 0 ,0 0 0 w ill, It Is e s t im a t e d ,
b e a v a i l a b l e f r o m t h e c o m p a n y ’s n e t in c o m e d u r in g t h e n e x t th r e e y e a r s .
T h w k I m p r o v e m e n t s ,0 w h e n c o m p le t e d , it is b e lie v e d , w ill g iv e th e c o m p a n y
a m p le fa c ilit ie s fo r h a n d lin g a g r o s s b u s in e ss o f $ 1 0 ,0 0 0 ,0 0 0 p er .an nu m In
e x c e s s o f t h a t h a n d le d d u r in g t h e la s t y e a r , a n d o u t o f s u c h e x p e c t e d g r o s s
In c o m e It Is c o n s e r v a t iv e ly e s t im a t e d t h a t th e c o m p a n y s h o u ld d e r iv e a n
A d d itio n a l n e t r e v e n u e o f a p p r o x im a t e ly $ 5 ,0 0 0 ,0 0 0 p er a n n u m .
[T h e d e f in it iv e n o t e s w ill b e d e liv e r e d A p r il 2 2 . ] - V . 9 4 , p . 1 0 5 6 , 9 8 2 .
E v a n s v ille & S o u th e rn In d ia n a T ra c tio n Co.— M e r g e r .—
T h e m erger of the E v a n s v ille & S o u th e rn Co. w ith the E v a n s
v ille P u b lic Service Co. (V . 91, p. 339), i t is stated, w as
effected on A p r il 5.
C h a r le s M u r d o c k o f L a f a y e t t e , I n d . , w a s e l e c t e d I 5re s i d e n t ;^11e n r y W .
M a r sh a ll o f I n d ia n a p o lis a n d C h a r le s F i n l e y S m it h o f h v a n s 1v ll lc , V ic e
P r e s id e n t s ; S a m u e l T . M u r d o c k o f L a f a y e t t e , T r e a s .. a n d J o h n J . N o la n o f
E v a n s v i l l e , S e c r e t a r y .— V . 9 4 , p . 9 1 1 .
.
G eo rgia
&
F lo rid a
O ffe r e d a t 5 2 %
R y .— N e w B o n d s U n d e r w r itte n a n d
to S h a r e h o ld e r s .— B y c irc u la r of M a rch 27
shareholders of record M a rc h 19 were offered the o p tio n to
subscribe a t 5 2 % ($520 p er $ 1 , 0 0 0 bond) a t the B a ltim o re
(M d ) T ru s t Co. on o r before A p r il 15 to the e x te n t of 2 2 %
of th e ir respective holdings, fo r $2,000,000 gen. m tg e .6 %
20-year gold bonds to be dated I<eb. 1 1912. A c irc u la r says:
T h o s e b o n d s w ill b e Issu ed In d e n o m in a t io n s o f $ 5 0 0 a n d $ 1 ,0 0 0 ( o ') a n d
w ill b e a r in t e r e s t fr o m a n d a f t e r F e b . 1 1 9 1 3 . p a y a b le F . & A . In N e w Y o r k ,
h,.V t h e I n te r e s t a c c ia iin S u p t o a n d in c lu d in g F e b . 1 1922 m a y , a t t h e d is
c r e t io n o f th e b o a id , b e* p a id e it h e r In c a s h o r In sc r ip o b lig a t io n s b e a r in g
in t e r e s t a t th e r a te o f 5% p e r a n n u m . T h e s e sc r ip o b lig a t io n s m a y b e c o n
v e r te d in t o 5% c o u p o n b o n d s o r o b lig a t io n s a s p er th e t e r m s o f t h e m o r t g a g e
w h e n p r e s e n te d In m u lt ip le s o f $ 3 0 0 . T h e 6% b o n d s a n d t h e 5% sc r ip
o b lig a t io n s m a y b e c a lle d fo r p a y m e n t a t p a r a n d in t . o n a n y I n t. d a t e , a f t e r
d u e n o t ic e a s p r o v id e d in t h e m t g e .
F id e lit y T r . C o .. B a lt im o r e , t r u s t e e
A n u n d e V w r lH n - s y n d ic a t e , fo r a c o m m is s io n o f 1 M % o n t h e a m o u n t o f
b o n d s ” h u s u n d e r w r it t e n , w ill t a k e a n d p a y fo r , o n t h e s a m e t e r m s o n w h ic h
t h e b o n d s a r e h ^ o ffe r e d t o s t o c k h o ld e r s , a ll b o n d s w h ic h m a y n o t b e
a k c ^ y t h e s t o c k h o ld e r s u n d e r t h is o ffe r . [S u b s c r ip tio n s a r c p a y a b le In
2 5 % I n s ta llm e n ts A p r il 1 5 . A u g . 1 a n d O c t. 15 1912 a n d F e b . 1 IB IS .]
D ig e s t o f S t a t e m e n t b y ( ic n . M g r . W . B . D e n h a m . A u g u s t a . M c h . 2 7 1 9 1 2 .
I t is m v o D ln lo n t h a t t h e b u s in e s s m a y b e c o n f id e n t ly e x p e c t e d to In
c r e a s e s t e k d l f y f r o m y e a r t o y e a r , a n d t h a t in le s s th a n fiv e y e a r s t h e
e a r n in g s s h o u ld r e a c h 5 5 ,0 0 0 p er m ile . T h e a p p r o x im a t e e a r n in g s fo r t h e
s e c o n d w e e k in M a rch s h o w a n in c r e a s e o t m o r e t h a n 2 .»/„ o v e r th e c o r r e s
p o n d in g w e e k la s t y e a r .
I b e lie v e w e m a V o u ,n t o nr a n d t h a t ^t h e ctoss
n t a t le a s t 2 5 °f, fo r t h e r e m a in d e r o f t h e fis c a l y e a i , a n d t h a t t n c g r o s s
e a r n ln g s 'm a y 0 b e c o n f id e n t ly e x p e c te d t o exceed 5LO O O ,000 in 1 9 1 3 , If n o t
In t h e c u r r e n t v e n r w h ile o n t h a t b a s is t h e o p e r a t in g r a tio s n o u ia n o t e x c e e u
7 0 k
a n d D erh a n s b e a s lo w a s 6 5 % . T h e c o m p a n y h a s 3 5 lo c o m o t iv e s
b u t t h e I n c r e a s in g b u s in e s s Is a lr e a d y c a llin g fo r a d d it io n a l
w e ll a s fr e ig h t c a r s , o f w h ic h w e o w n 5 6 6
T h e r a ilw a y h asi s u f f e i e 1 c o n
s ld e r a b ly fr o m th e h e a v y r a in -s to r m s w h ic h h a v e d a m a g e d h e r e a n d th e r e
A pr. 20 1912.]
THE CHRONICLE
I ts n e w r o a d b e d a s w e ll n s I n te r fe r e d w ith it s t r a f f ic , b u t t h e n e x t f e w w e e k s
w ill fin d t h e r o a d In c o n d it io n t o h a n d le t h e in c r e a s e d b u s in e s s .
O u ts ta n d in g B o n d o d D eb t a lte r I s s u a n c e o f T h ese N e w G e n e r a l M o rtg a g e Os.
T o ta l.
P e r M i l e O p . R o a d o w n ’d
F ir s t m t g e . 5% g o ld b o n d s d u e 1 9 0 0
$ 5 ,6 0 0 ,0 0 0 1
$ 1 6 ,5 0 0
$ 1 7 ,9 0 0
M lllc n & S o u t h w e s t e r n d iv is io n a l b o n d s .
2 1 2 ,0 0 0 ]
G e n . m t g e . 8% b o n d s (n o w t o b e is s u e d ) 2 ,0 0 0 ,0 0 0
5 ,7 0 0
6 ,2 0 0
T h e a b o v e w ill th e n b e t h e o n ly o u t s t a n d in g b o n d s o f t h e r a ilw a y e x c e p t
$ 1 4 9 ,0 6 8 c a r t r u s t o b lig a t io n s , d u e m o n t h ly fr o m 19 1 2 to 1 9 1 6 , a n d $ 2 0 0 ,0 0 0
b o n d s o f t h e G e o r g ia & F lo r id a T e r m in a l C o ., d u e 19.10, u p o n w h ic h th e
r a ilw a y Is g u a r a n to r a n d w h ic h a rc d ir e c t ly s e c u r e d o n v a lu a b le te r m in a l
p r o p e r t y in A u g u s t a , G a ., a n d V a ld o s t a , G a ., b u t a g a in s t t h e I n te r e s t o n
t h e s e g u a r a n te e d b o n d s th e r e is a n o n s e t o f s e v e r a l t h o u s a n d d o lla r s r e c e iv e d
a n n u a lly fro m o u t s id e p a r tie s fo r r e n t a ls o f p o r tio n s o f t h e te r m in a l p r o p e r ty
n o t r e q u ir e d fo r t h e r a ilw a y ’s u s e .
A fte r p a y in g o il a ll n o t e s a n d b ills p a y a b le , a b o u t $ 5 5 0 ,0 0 0 , t h e b a la n c e
fr o m t h e p r o c e e d s o f t h e b o n d is s u e (w h ic h w ill r e a liz e a b o u t $ 1 ,0 0 0 ,0 0 0
c a s h ) , a f t e r p r o v id in g , s a y , $ 5 0 ,0 0 0 fo r fu r th e r c u r r e n t r e q u ir e m e n ts , m a y b e
u s e d fo r fu tu r e u s e s .
In a d d itio n th e r a ilw a y w ill th e n h a v e in its t r e a s u r y ,
f r e e a n d u n e n c u m b e r e d , $ 6 4 0 ,0 0 0 G e o r g ia & F lo r id a I t y . 1 st M . 5% g o ld
b on d s.
I t is e x p e c t e d t h a t th e p r in c ip a l a n d I n te r e s t o f c a r t r u s t o b lig a t io n s
m a y b o th b e p r o v id e d fo r w ith c a s h fro m t h e s a le o f t h e g e n e r a l m o r t . b o n d s .
1 h a v e b e e n a w itn e s s o f th e e x tr a o r d in a r y d e v e lo p m e n t w h ic h h a s t a k e n
p la c e in t h e S o u th e r n S t a t e s in t h e p a s t 2 0 y e a r s , b u t I d o n o t b e lie v e t h e r e
h a s e v e r b e e n a t im e in t h is p e r io d w h e n t h e o u t lo o k fo r th e fu tu r e p r o s p e r ity
o f t h is s e c t io n w a s a s b r ig h t a s it Is a t t h e p r e s e n t t im e .
[M id d e n d o r f,
W illia m s & C o ., D a ltim o r e , h a v e a ls o p r e p a r e d a c ir c u la r o n t h e o u t lo o k o f
t h e r o a d .]— V . 9 4 , p . 9 1 1 . 8 2 6 .
G eo rgia R a ilw a y & E le c tric Co., A tla n ta , G a.— S ta tu s
u n d e r L e a s e . — Chas. C. H a rris o n J r. & Co., P h ila d e lp h ia , in
a c irc u la r recom m ending the 8 % g uaranteed comm on stock
a t a price to y ie ld between 0 and 6> £% (quoted M a rc h 1911
129 to 134; M a rch 1912, 163 to 177), says in p a rt:
T h e c o m p a n y ’s p r o p e r ty , r e p r e s e n tin g a c o n s o lid a t io n o f a ll t h e s t r e e t r a il
w a y s , e le c t r ic lig h t a n d p o w e r , g a s a n d s t e a m - h e a t in g in t e r e s ts o f A t la n t a
a n d s u b u r b s , h a s b e e n le a s e d fo r 9 9 9 y e a r s b y t h e G e o r g ia R a ilw a y & R o w e r
C o ., w h ic h g u a r a n te e s a ll t h e fix e d c h a r g e s [in c lu d in g in t e r e s t o n t h e b o n d e d
d e b t o f $ 1 2 ,7 4 3 ,0 0 0 ] a n d d iv id e n d s o n t h e p r e f. s t o c k [$ 2 ,4 0 0 ,0 0 0 ] , a n d
d iv id e n d s o f 8% ( Q .- F . 20) o n t h e c o m m o n s t o c k [ $ 8 ,5 1 4 ,6 0 0 ] ; t h e h o ld e r
o f each $100 com m on sto ck
r e c e iv e d , a s a d d it io n a l c o n s id e r a tio n
fo r t h e le a s e , $ 1 2 5 in G a. R y . & R o w e r C o . 2 d p r e f. s t o c k . T h e le a s e p ro
v id e s t h a t t h e p r o p e r ty m u s t a t a ll tim e s b e f u lly m a in t a in e d , a n d s a f e
g u a r d s g e n e r a lly t h e s t o c k h o ld e r s ’ in t e r e s t in e v e r y w a y ; t h e p r o p e r ty w ill
r e v e r t t o th e s to c k h o ld e r s u p o n fa ilu r e t o p e r fo r m a n y c o v e n a n t o f th e le a s e .
T h e G e o r g ia R y . & R o w e r C o . h a s a c q u ir e d w a t e r p o w e r s it e s in N o r t h
e a s t e r n G e o r g ia c a p a b le o f a n u lt im a t e d e v e lo p m e n t o f o v e r 3 0 0 ,0 0 0 h . p .
A la r g e p la n t a t T a llu la h F a lls o f a c a p a c i t y o f a b o u t 9 0 ,0 0 0 h . p ., w ith
tr a n s m is s io n lin e s t o A t la n t a , is n e a r ly c o m p le t e d , p o s s e s s in g a h e a d o f 6 0 0
f t . , a n d is e x p e c te d to b e d e liv e r in g p o w e r t h is fa ll, w h ile s e v e r a l s m a lle r
p la n t s h a v e b e e n In p r o llta b le o p e r a tio n fo r s o m e t im e . T h e c o m p a n y w ill
h a v e a v a ila b le fo r t h e p a y m e n t s u n d e r t h e le a s e a n d fo r Its o w n fix e d c h a r g e s
(1) S u r p lu s e a r n in g s o f th e G a . R y . & E le c t r ic C o ., w h ic h fo r 1911 w e r e m o r e
t h a n d o u b le t h e a m o u n t r e q u ir e d fo r t h e c o m m o n d iv id e n d , a n d s h o u ld n o w
bo la r g e ly in c r e a s e d th r o u g h t h e s u b s t it u t io n fo r s t e a m - g e n e r a t e d p o w e r o f
h y d r o - e le c t r ic p o w e r fro m t h e G a . R y . & R o w e r C o .’s p la n t s a t a b o u t t w o th ir d s o f t h e c o s t .
(2) E a r n in g s fro m t h e c o m p a n y ’s o w n o p e r a t io n s , p a r
tic u la r ly a t p r e s e n t Its w a te r -p o w e r p la n t s . T h e G a . R y . & E le c t r ic C o.
w ill fu r n is h a n im m e d ia t e m a r k e t fo r a la r g e p a r t o f t h e p r e s e n t o u t p u t o f
t h e s e p la n t s , a n d It Is e s t im a t e d t h a t im m e d ia t e e a r n in g s fr o m t h is c o n t r a c t
a lo n e w ill b e s u f f ic ie n t t o m e e t t h e G a. R y . & R o w e r C o .’s b o n d in t e r e s t a n d
t a x e s a n d le a v e a s u r p lu s fo r t h e s t o c k .
C a p ita liz a tio n o f G eo rg ia R a il w a y & P o w e r C o .
B o n d e d d e b t , a b o u t ____ $ 1 0 ,0 5 0 ,0 0 0 I S e c o n d p r e f. s t o c k _______ $ 1 0 ,0 0 0 ,0 0 0
F ir s t p r e f. s t o c k _________
2 ,0 0 0 ,0 0 0 ] C o m m o n s t o c k ___________ 1 5 ,0 0 0 ,0 0 0
E a r n in g s o f G eo rg ia R a il w a y & E le c tr ic C o . fo r C a le n d a r Y e a r s .
1911.
1910.
|
1011.
1910.
G r o s s - ............- - $ 4 ,4 9 3 ,3 0 9 $ 4 ,0 4 0 ,8 8 6 P r e f. d i v s _____ $ 1 2 0 ,0 0 0
$ 1 2 0 ,0 0 0
N e t a fte r t a x _ $ 2 , 1 5 1 ,0 8 2 $ 1 ,9 2 3 ,2 5 5 C o m . d i v s . . (8 % ) 08 1168 (6 p j)5 5 3 4 4 9
I n t . C h a r g e s .. $ 6 0 5 ,1 3 9
$ 5 9 2 ,5 6 4 IS u r p lu s
____ $ 7 4 5 ,3 7 5
$ 6 5 7 ,2 4 2
G ro ss a n d N e t le a r n in g s E v e n / A lte r n a te Y e a r S in c e C o n s o lid a tio n in 1 9 0 2 .
1911.
1909.
1907.
1905.
1903.
G ross
..$ 4 ,4 9 3 ,3 0 9
$ 3 ,6 7 3 ,0 0 6
$ 3 ,3 0 9 ,3 4 1
$ 2 ,5 0 0 ,5 7 4
$ 1 ,8 0 2 ,2 1 9
N e t ..............
2 ,3 8 7 ,8 2 4
1 ,9 0 2 ,8 6 4
1 ,6 4 6 ,0 5 9
1 ,2 8 4 ,5 4 2
8 3 9 ,4 8 0
G e o r g ia ’s p o p u la tio n I n c rea sed fr o m 2 ,2 1 6 ,3 3 1 in 1 9 0 0 t o 2 ,6 0 9 ,1 0 1 in
1 9 1 0 , w h ile it s t a x a b le p r o p e r ty in 19 0 0 w a s $ 4 3 3 ,2 3 3 ,6 9 1 , a s a g a in s t $ 8 1 1 ,
1 7 1 ,3 3 3 in 1 9 1 1 .— V . 0 4 , p . 9 8 2 , 5 5 9 .
G eorgia R a ilw a y & P o w e r Co.— S t a t u s . — See
R y . & E l. Co. above.— V . 94, p. 982,911.
G ra n d R a p id s & In d ia n a R y . — E a r n i n g s . —
G eorgia
C a le n d a r O p e r . N e t (a f te r O ther
N e t.R e v . T o ta l
D iv s .
B a l.,S u r
Y e a r.
R e v e n u e . T a x e s ) . I n c o m e . R c n ts P d . I le d u c . ( 1 1 4 % ) . o r D e f ic it.
$
$
$
$
$
3
$
191 1 ............... 5 ,0 3 1 ,6 6 1 8 9 6 ,1 1 3 3 7 ,0 0 7 2 1 5 ,5 9 8 5 9 0 ,7 2 0
s u r .1 2 6 ,7 9 6
1 9 1 0 _______ 5 ,1 4 8 ,9 9 4 7 0 6 ,3 8 1 4 1 ,3 9 6 1 5 7 ,2 4 7 6 8 2 ,1 5 5 8 6 ,8 0 5 d c f .1 7 8 ,4 9 0
T o t a l d e d u c t io n s a s a b o v e I n c lu d e , In a d d it io n t o fix e d c h a r g e s , a p o r tio n
o f p a y m e n t s o n a c c o u n t o f e q u ip m e n t t r u s t o b lig a t io n s a m o u n t in g t o $ 2 2 ,
9 0 6 y e a r ly a n d $ 3 5 ,9 8 4 fo r a d d it io n s a n d b e t t e r m e n t s in 1 9 1 1 , a g a in s t
$ 9 2 ,0 7 0 In 1 9 1 0 .— V . 9 2 , p . 1 4 3 1 .
G ra n d T r u n k R y . — D e a l C lo s e d . — T h e fo rm a l tra n s fe r of
the pro p erties of the R iv e r & R a il Coal Co. in B e lm o n t Co.,
O hio, to o k place la st week. (V . 93, p. 1786).
I t is r e p o r te d t h a t t h e p u r c h a s e w a s m a d e b y a s y n d i c a t e c o m p o s e d o f
C a n a d ia n s I d e n tifie d w it h t h e G ra n d T r u n k a n d C a n a d ia n P a c ific a n d
T o r o n to c a p it a l is t s , a n d t h a t t h e p r o p e r ty w ill b e o p e r a te d u n d e r th e o ld
n a m e ; b u t Its o u t p u t w ill b e m o s t ly u se d b y t h e r o a d s n a m e d .
O f f e r in g . — T h e com pany offered in L o n d o n on A p r il 12 a t
£ 9 8 10s. per £ 1 00 stock an issue of £1,500,000 p e rp etu a l 4 %
consolidated d eb en tu re stock (in te re st p a yab le Q.-J.), ra n k
ing p a ri passu w ith 817,971,942 of such stock a lre a d y listed
on the Lo nd o n S tock Exchange. T h e proceeds w ill be ap
p lied to general purposes.
D e a th o f P r e s i d e n t. — P resid e nt Charles M . H a y s lo st his
life in th e w reck of the W h ite S ta r steam ship T ita n ic on
S u n d a y la s t.— V . 94, p. 416, 207.
H a n n ib a l & N o rth e rn M is s o u ri R R . — S a l e . — T h e p ro p e rty
was sold on A p r il 11 fo r 82,500 to H e n ry F u n k and associates.
T h e c o m p a n y Is a u th o r iz e d t o b u ild a n e le c t r ic r o a d fr o m H a n n ib a l t o
K ir k s v illc , a b o u t 100 m ile s .
R e o r g a n iz a tio n is p r o p o s e d .— V . 9 3 , p . 4 0 7 .
H o u sto n & B razo s V a lle y R R . — B o n d s A u t h o r i z e d . — T h e
Texas R R . Com m ission on A p r il 8 a u th o rize d the re g is tra
tio n of 8220,000 bonds on the line fro m A n c h o r to Velasco,
20 m iles.— V . 85, p. 793.
In d ia n a U n io n T ra c tio n Co.— M e r g e r P l a n . — T h e new p la n
fo r the m erger of the U n io n T ra c tio n Co. of In d ia n a and
In d ia n a U n io n T ra c tio n Co., w hich lias been fo rm u la te d b y
larg e W este rn interests in the p ro p erties and is also fa vo re d b y
E a s te rn interests, is to be voted on a t an a d jo u rn e d a n n u a l
m eeting on A p r il 25.
T h e n a m e o f t h e c o n s o lid a t e d c o m p a n y w ill b e U n io n T r a c t io n C o . o f
I n d i a n a , w ith $ 9 ,0 0 0 ,0 0 0 c a p it a l s t o c k , c o n s is t in g o f $ 1 ,0 0 0 ,0 0 0 fir st p r e
fe r r e d c u m u la t iv e 5% s to c k ; $ 3 ,0 0 0 ,0 0 0 s e c o n d p r e fe r r e d a n d $ 5 ,0 0 0 ,0 0 0
c o m m o n . T h e p r e s e n t c a p it a l s t o c k o f U n io n T r a c t io n C o . o f I n d i a n a Is
$ 1 ,0 0 0 ,0 0 0 p r e f . a n d $ 7 ,5 0 0 ,0 0 0 c o m m o n , a n d o f t h e I n d ia n a U n io n T r a c
t io n C o . $ 5 , 0 0 0 , 0 0 0 , a ll c o m m o n , a t o t a l o f $ 1 3 ,5 0 0 ,0 0 0 .
1119
T h e s e c o n d p r e fe r r e d w ill b e p r e fe r r e d to th e e x t e n t o f 6% d iv id e n d s o v e r
t h e c o m m o n a n ti c u m u la t iv e fr o m t h e f o llo w in g d a t e s t o t h e e x t e n t o f t h e
r a t e s m e n t io n e d :
1% s e m i- a n n u a l ly (J . & J . 10) in 1 9 1 3 ; 1 M% s e m i- a n n .
in 1 9 1 4 a n d 1 9 1 5 ; 2% s e m i- a n n . in 1 9 1 6 a n d J a n . 1 9 1 7 ; 2 14% s e m i- a n n . In
J u ly 1 0 1 7 a n d J a n . 1 9 1 8 a n d 3% s e m i- a n n . in J u ly 1 9 1 8 a n d t h e r e a f t e r .
T h e lie n s o f o u t s t a n d in g b o n d s w ill b e lim it e d t o t h e p r o p e r t ie s a t p r e s e n t
p le d g e d , w it h p o w e r t o t h e c o n s o lid a t e d c o m p a n y t o is s u e fir st o r o th e r
le n s t o s e c u r e n e w lo a n s o r e x t e n d o ld o n e s .
T erm s o f E x ch a n g e.
A m ount
— R e c e iv e N e w C o . S t k . —
H o ld e r o f E a c h $ 1 0 0 O ld S t k —
O u ts ta n d in g . 1 s t P r e f .
2d P re f. C om .
U n io n T r a c t C o . o f I n d . p r e f ______$ 1 , 0 0 0 , 0 0 0
$100
...
...
. ,,
do
do
c o m m o n . . 7 ,5 0 0 ,0 0 0
__
$40
$40
I n d i a n a U n io n T r a c t io n C o ., s t o c k . 5 ,0 0 0 ,0 0 0
__
. .
$40
— V . 94, p . 911, 826.
K e n tu c k y T ra c tio n & T e rm in a l Co., L e x in g to n ,
K y .—
L i s t e d .— T h e P h ila . S tock E xc ln in g e on A p r il 16 listed the
81,991,000 “ firs t & re f.” 5s. See V . 94, p. 826, 631.
M e tro p o lita n S tre e t R y . , N e w Y o r k . — D i s t r i b u t io n b y
M o r tg a g e T r u s t e e s . — T h e G u a ra n ty T r u s t Co. of N e w Y o r k ,
as trustee, u n d e r the general and c o lla te ra l tru s t 5 % m o rt
gage , announces th a t, p u rs u a n t to a decree of the U . S.
D is tric t C o u rt, S o u th e rn D is tric t of N . Y . , made A p r il 11
in the foreclosure s u it, i t w ill d is trib u te in cash to the
holders of the bonds 863 75 fo r each 81,000 p rin c ip a l upon
p re se nta tio n of the bonds w ith coupons of Feb. 1 1908 and
a ll subsequent coupons annexed.
T h e b o n d h o ld e r s ’ c o m m i t t e e (A . J . H e m p h ill, C h a ir m a n ; G u a r a n ty T r u s t
C o ., d e p o s it a r y ) m a k e s a s im ila r a n n o u n c e m e n t . C o m p a r e e x p la n a t io n ,
V . 9 3 , p . 1 6 0 0 .— V . 9 4 p . 9 8 2 , 7 6 8 .
N e w Y o r k C e n tra l & H u d so n R iv e r R R — O ffe r to P u r c h a s e .
— S u b s c r ip tio n R i g h t s . — See R o m e W a te rto w n & Ogdensburg
R R . — V . 94, p. 1057, 983.
N e w Y o r k Chicago & S t. L o u is R R . — E a r n i n g s .
O p e r a tin g N e t (a fte r
O th er
I n te r e s t, P f . D i v s . C o m .D iv s . H a l .,
C a l.
R even ue.
T a x e s ) . I n c o m e . R e n ts , & c . ( 5 % ) .
(3 % ) .
S u r.
Y ear—
$
$
$
$
$
.
$
$
1 9 1 1 . - .1 1 ,2 5 8 , 0 0 8 2 ,8 5 0 ,0 8 5 1 4 9 ,8 3 4 1 ,4 8 4 ,8 5 0 8 0 0 ,0 0 0 4 2 0 ,0 0 0 2 9 5 ,0 6 8
1 9 1 0 . . - 1 1 ,2 3 8 ,8 7 7 3 ,0 3 8 ,5 5 0 2 8 0 ,3 3 9 1 ,4 5 9 ,0 6 5 8 0 0 ,0 0 0 4 2 0 ,0 0 0 6 3 9 ,8 2 4
— V . 92, p . 1024.
O m aha & C ouncil B lu ffs R y . & B rid g e Co.— B o n d s —
E a r n i n g s . — H a yd e n , Stone & Co., B oston and N . Y ., are
p lacing a t p a r and in t. 8190,000 1st consol, (now 1st) M . 5 %
gold bonds, dated 1902, due Jan. 1 1928. A u th o riz e d ,
82.000. 000; o u tsta n d in g , 81,729,000.
P r o p e r t y le a se d u n t il 1 9 4 7 t o O m a h a & C o u n c il B lu ffs S t . R y . C o ., w h ic h
s p a y in g 5% y e a r ly o n a ll i t s o w n $ 9 ,0 0 0 ,0 0 0 c a p it a l s to c k ; le a se p r o v id e s
fo r p a y m e n t o f a ll o p e r a t in g a n d fix e d c h a r g e s a n d a r e n t a l o f $ 6 0 ,0 0 0 p er
a n n u m , e q u a l t o 4 % u p o n t h e $ 1 ,5 0 0 ,0 0 0 p r e f. s t o c k .
E a r n in g s o f O m a h a
& C o u n c il BluITs R y . fc B r id g e C o . fo r c a l. y e a r 1 9 1 1 : G r o ss, $ 5 0 1 ,1 5 5 n e t (a fte r t a x e s ) , $ 2 9 7 ,8 4 7 ; b o n d I n te r e s t, $ 8 3 ,8 0 3 ; 4% o n p r e f. s t o c k , $ 6 0 ,
0 0 0 ; b a l., s u r ., $ 1 5 4 ,0 4 4 . (C o m p a r e V . 9 4 , p . 3 5 1 ) .— V . 9 3 , p . 1 3 8 7 .
Pa cific Gas & E le c tric C o .— N e w D i r e c t o r s .—
C . O . G . M ille r, W illia m G . I le n s h a w a n d S a m u e l I n s u ll h a v e b e e n e le c t e d
d ir e c to r s , t o s u c c e e d J . C . L o v e , C y r u s P e ir c e a n d J o h n H . H u n t .— V . 9 4 ,
p. 983, 699.
Pascagoula N o rth e rn R R . — S a l e . — J. J. D a n tz le r of Pasca
goula, W . W . Bow den of N e w O rleans and L . C. F ry e of
M obile, A la ., have, i t is stated, purchased the road fo r
850.000, sub ject to tw o m ortgages a m o u n tin g to 816,000. A
new com pany is to be fo rm ed , called the Pascagoula Moss
P o in t & N o r. R R . , to ta ke o ver the p ro p e rty .— V . 94, p. 488.
P o rtla n d (O re.) R a ilw a y , L ig h t & P o w e r Co .— B o n d s
C a l l e d .— T h e e n tire issue of 8500,000 1st M . 20-year 6 % gold
bonds dated Feb. 15 1901 have been called for p a y m e n t a t p a r
and in te re s t a t the E q u ita b le T r u s t Co., N . Y ., on M a y 1.
A ll the o u ts ta n d in g 83,931,000 1st M . 6 % gold bonds of the
Oregon W a te r P o w er & R y . , dated J u ly 1 1902, w ill be called
fo r p a y m e n t a t 105 and in t. on J u ly 2 a t the L a n d T itle &
T ru s t Co., P h ila d e lp h ia , trustee.
T h e la s t m a y b e p r e s e n te d fo r p a y m e n t a n y t i m e p r io r t o J u ly 2 , In w h ic h
c a s e t h e I n te r e s t w ill b e p a id t o d a t e o f p a y m e n t .— S e e V . 9 4 , p . 9 8 3 , 6 3 1 .
R e p u b lic R a ilw a y & L ig h t Co., N e w Y o r k .— S e c u r e d G o ld
N o t e s . — W h ite , W e ld & Co., N . Y ., and Chicago, are placing,
a t a price to yie ld 6 % , 82,000,000 secured 5 % gold notes,
dated A p r il 1 1912 and due Jan. 1 1916, b u t redeemable, a ll
o r'p a rt, on 30 d a ys’ notice a t 100 and in t.
P a r 81,000 (c).
In te re s t J. & J. A u th o riz e d 85,000,000; o u tsta nd in g ,
82.000. 000. B ro o k ly n T ru s t Co., trustee.
S e e m a p a n d d a t a o n p a g e s 1 2 8 a n d 1 2 9 o f “ E l . R y . S e c t i o n .”
D a ta fu r n is h e d b y V ic e -P r c s . G e o . A . G a lliv e r , A p r il 8 1 9 1 2 .
O r g a n iz a tio n .— I n c o r p . in N . J . J u n e 2 8 1911 a n d h a s a c q u ir e d o v e r
9 8 .4 % o f t h e o u t s t a n d in g c a p it a l s t o c k o f t h e M a h o n in g & S h e n a n g o R y . &
L ig h t C o . [ T h a t c o m p a n y , in tu r n , o w n s p r a c tic a lly a ll o f th e c a p ita l
s t o c k s o f e a c h o f 2 6 e le c t r ic r a ilw a y , g a s a n d e le c tr ic lig h t a n d p o w e r c o m
p a n ie s , e m b r a c in g 150 m ile s o f lo c a l a n d in te r u r b a n e le c t r ic r a ilw a y s a n d
t h r e e e le c t r ic lig h t a n d p o w e r p la n t s a n d th e Y o u n g s t o w n a r tific ia l g a s
p la n t . S e r v e s Y o u n g s t o w n , O .; S h a r o n a n d N e w c a s t l e , P a ., a n d th e su r
r o u n d in g t e r r it o r y .
D u r in g 1911 o v e r $ 5 6 5 ,0 0 0 w a s e x p e n d e d fo r im p r o v e
m e n t s .] A ls o h a s r e c e n t ly p u r c h a s e d t h e p r o p e r ty o f t h e P e n n s y lv a n ia
P o w e r C o ., s u p p ly in g fro m it s c o m b in e d s t e a m a n d h y d r o -e le c tr ic g e n e r a t
in g p la n t (V . 9 4 , p . 9 8 3 ) e le c t r ic it y fo r li g h t a n d pow-er s e r v ic e in a n d a r o u n d
E llw o o d C ity , P a .
O u ts ta n d in g S to c k o f R e p u b lic R a il w a y & L ig h t C o . (N o B o n d s O u ts ta n d in g ) .
6% c u m . p r e f. s t o c k , p a r v a l u e ____ $ 5 ,1 8 7 ,8 0 0 \M a r k e t v a lu e o f
C o m m o n s t o c k , p a r v a l u e ...... .................. 6 ,2 0 4 ,0 0 0 / e q u it y a b t . . $ 5 ,8 7 0 ,0 0 0
T h e M a h o n in g & S h e n a n g o R y . & L t . C o . a n d it s s u b s id ia r ie s h a v e o u t
s t a n d in g $ 1 0 ,1 3 8 ,0 0 0 o f b o n d s , o n w h ic h $ 5 1 4 ,2 9 0 w a s p a id a s I n te r e s t d u r
in g 1 9 1 1 . T h e t r u s t a g r e e m e n t w ill p r o v id e t h a t d u r in g t h e life o f t h e n o t e s
n e it h e r t h e R e p u b lic n o r a n y o f Its s u b s id ia r ie s s h a ll c r e a te a n y n e w m o r t
g a g e o r lie n u n le s s a ll t h e o b lig a t io n s Issu ed t h e r e u n d e r a r e s u b je c te d t o th e
lie n o f t h e s e n o t e s , o r u n le s s s u c h m o r tg a g e o r lie n Is c r e a te d fo r r e fu n d in g
o r to r e p r e s e n t I n te r -c o m p a n y in d e b t e d n e s s .
N o te I s s u e .— T h e s e $ 2 ,0 0 0 ,0 0 0 n o t e s w ill b e s e c u r e d b y : (1) F ir s t lie n o n
n e w p r o p e r tie s (in c lu d in g t h a t o f P e n n . P o w e r C o .) t o c o s t n o t le ss th a n
$ 1 ,5 7 0 ,0 0 0 , th r o u g h d e p o s it o f a ll t h e 1 s t M . b o n d s a n d a ll t h e s t o c k o f th e
c o m p a n ie s o w n in g s u c h p r o p e r tie s .
(2) D e p o s it o f o v e r 9 8 .4 % ($ 1 0 5 8 6 9 5 0 ) o f t h e o u t s t a n d in g s t o c k o f t h e M a h o n in g & S h e n a n g o R y . & L ig h t Co
T h e p r o c e e d s o f t h is $ 2 ,0 0 0 ,0 0 0 is s u e m a y b e u s e d , $ fo r $: (a) $ 1 ,5 7 0 0 0 0
t o a c q u ir e t h e e n t ir e o u t s t a n d in g s e c u r it ie s is s u e d a g a in s t n e w p r o p e r tie s
( to b e d e p o s it e d w ith t r u s t e e ) ,
(ft) F o r e x t e n s io n s a n d im p r o v e m e n ts to
p r o p e r tie s o f t h e M a h o n in g & S h e n a n g o R a ilw a y & L ig h t C o. a n d it s s u b
s id ia r ie s a n d to r e tir e $ 2 5 0 ,0 0 0 6% I n te r e s t-b e a r in g n o t e s o f M a h o n in g C o.
O f t h e r e m a in in g $ 3 ,0 0 0 ,0 0 0 n o t e s , th e r e m a y b e s o ld (1) $ 1 ,0 0 0 ,0 0 0 t o
p r o v id e , $ fo r $ , fo r e x t e n s io n s a n d im p r o v e m e n ts o r fo r a c q u is itio n s , a n y
o b lig a t io n s s o a c q u ir e d t o b e p le d g e d t o s e c u r e th e s e n o t e s .
(2) T h e la s t
$ 2 ,0 0 0 ,0 0 0 t o p a y fo r (a) e x t e n s io n s a n d I m p r o v e m e n ts w h e n c o n s o lid a te d
n e t e a r n in g s fo r 12 m o n t h s a r e t w ic e a ll I n te r e s t c h a r g e s , in c lu d in g t h e
n o t e s o u t s t a n d in g a n d c o n t e m p la t e d t o b e is s u e d .
(6) N e w p r o p e r tie s .
1120
V U E CHRONICLE
p r o v id e d t h e y c a n b e v e s t e d
a n d w it h a p p r o v a l o f W h it e .
C o n s o lid a te d I n c o m e A c c o u n t
L ig h t
in t h e t r u s t e e o f th e s e n o t e s w it h o u t p r io r lie n
W e ld & C o.
o f S u b s i d ia r y C o m p a n ie s o f R e p u b lic R a il w a y &
C o .— C a le n d a r Y e a r s .
1908.
1909.
1910.
1911.
Revenue fr o m a ll s o u r c e s _____ $ 1 ,7 7 6 ,4 7 0 $ 1 ,9 6 1 ,9 0 6 $ 2 ,2 8 3 ,6 2 9 $ 2 ,3 9 5 ,7 0 9
N e t in c o m e (a fte r t a x e s ) _____ $ 5 8 9 ,1 1 5
$ 7 9 0 ,4 1 2
$ 9 0 1 ,3 0 4
$ 9 3 8 ,2 5 2
I n t e r e s t _______________________
4 3 8 ,8 4 0
4 5 1 ,9 7 1
5 0 8 ,1 6 4
5 2 9 ,2 9 0
[VOL. L XXXXIV
Digest of Statement by Pres. 6. A. Heron, San Francisco, Mch. 25 1912.
T h e S a n F r a n c is c o -O a k la n d T e r m in a l R a ilw a y s o w n a n d o p e r a te a b o u t
2 3 0 m ile s o f s t a n d a r d - g a u g e tr a c k a n d 2 .7 m ile s o f fe r r y r o u te , s e r v in g
d ir e c t ly a r a p id ly g r o w in g p o p u la tio n o f o v e r 6 2 5 ,0 0 0 , in c lu d in g th e c i t ie s
o f S a n F r a n c is c o , O a k la n d a n d B e r k e le y a n d t h e t o w n s o f R ic h m o n d ,
E m e r y v ille , P ie d m o n t , S a n L e a n d r o , S a n L o r e n z o a n d H a y w a r d s . T h e
lin e s a n d p r o p e r ty c o v e r e d b y th e m o r tg a g e o f t h e S a n F r a n c is c o O a k la n d
& S a n J o s e C o n s o lid a te d R y . p r o v id e s u s w ith a n e n tr a n c e in to t h e c i t y o f
S a n F r a n c is c o b y m e a n s o f a p ie r e x t e n d in g n e a r ly 3 m ile s in t o t h e b a y ,
B a la n c e , s u r p l u s . . ................ $ 1 5 1 ,2 7 5
$ 3 3 8 ,4 4 1
$ 3 9 3 ,1 3 9
$ 4 0 8 ,9 6 2
a n d fiv e h ig h -s p e e d p a s s e n g e r fe r r y b o a t s (w h ic h c o s t $ 1 ,2 0 0 ,0 0 0 ) g iv in g
f a s t fe r r y s e r v ic e to t h e f o o t o f M a r k e t S t . in s a id c i t y .
T h e lin e s c o v e r e d
T h e s t a t e m e n t fo r 1911 h e r e in c lu d e s $ 1 5 ,0 0 0 in t e r e s t o n flo a tin g d e b t ,
b y t h e m o r tg a g e a ls o e x t e n d o v e r th e p o p u lo u s d is t r ic t s o f O a k la n d , B e r k e
w h ic h w ill b e r e tir e d b y t h is is s u e , a n d d o e s n o t in c lu d e t h e n e t e a r n in g s
le y , P ie d m o n t , C la r e m o n t a n d o th e r t h r iv in g c i t ie s o f A la m e d a a n d C o n tr a
o f t h e P e n n . P o w e r C o ., w h ic h fo r 191 1 w e r e $ 1 5 ,4 4 4 , a ll a p p lic a b le to in
C o s ta c o u n t ie s , a n d a rc o f p r e s e n t s ta n d a r d c o n s t r u c t io n a n d e q u ip m e n t .
t e r e s t o n th e s e n o t e s .
B o t h in 1 9 1 0 a n d 1911 t h e c o n s o lid a t e d n e t e a r n in g s ,
T h e c o s t o f r e p r o d u c in g th e o p e r a tin g p r o p e r ty c o v e r e d b y th e m o r tg a g e
e x c lu d i n g t h e P e n n . P o w e r C o ., w e r e 1 H t im e s t h e t o t a l o f a ll In te r e s t
h a s b e e n e s t im a t e d a t $ 5 ,7 8 6 ,4 0 0 a n d th e re a l e s t a t e a n d r ig h ts o f w a y a t
c h a r g e s , in c lu d in g , w ith t h e a m o u n t s a b o v e s h o w n , $ 1 0 0 , 0 0 0 in t e r e s t o n
$ 1 0 ,5 7 2 ,4 5 0 ; s u b s e q u e n t e x p e n d it u r e s o n th e p r o p e r ty h a v e e x c e e d e d
th e s e n o t e s . T h e p r o p o se d e x t e n s io n s , b e t t e r m e n t s a n d a c q u is it io n s
$ 5 0 0 ,0 0 0 , s o t h a t th e t o t a l v a lu e o f t h e p r o p e r ty c o v e r e d b y t h e m o r t g a g e
s h o u ld la r g e ly in c r e a s e n e t e a r n in g s d u r in g t h e n e x t f o u r y e a r s . T h e n e w
is a p p r o x im a t e ly $ 1 7 ,0 0 0 ,0 0 0 , a ll c o v e r e d b y th e s e b o n d s , s u b j e c t o n ly t o
p r o p e r ty w ill In c lu d e th e P e n n . P o w e r C o ., a n a d d it io n a l p o w e r h o u s e o f
1 0 ,0 0 0
k .w . in it ia l c a p a c i t y , a 3 0 - m ile t r a n s m is s io n lin e a n e w c a r b a rn $ 1 ,5 0 0 ,O O O underlying b o n d s , to r e tir e w h ic h a ll t h e r e m a in in g b o n d s o f t h is
is s u e a r e r e s e r v e d .
T h e c o m p a n y o w n s , a lo n g w ith th e r a ilw a y , r ig h t s
a n d 13 n e w c a r s .
o f w a y a n d r e a l e s t a t e , 103 p a s s e n g e r c o a c h e s , 16 c o n s t r u c t io n c a r s, 5 m o d
T e r r ito r y S e r v e d .— A b o u t 3 0 0 s q . m ile s , e m b r a c in g im p o r t a n t ir o n a n d
er n fe r r y b o a t s . 14 w a it in g r o o m s a n d m is c e lla n e o u s b u ild in g s a n d a p o w e r
s t e e l d is t r ic t , w ith p o p u la t io n o f 2 0 2 ,9 1 7 in 1 9 1 0 a n d 1 2 3 ,2 2 4 in 1 9 0 0 —
s t a t io n g e n e r a tin g 1 0 ,0 2 5 h .p . T h e fr a n c h is e s ru n till 1951 to 1 9 60 a n d
in c r e a s e 6 4 % . S e e a ls o V . 9 4 , p . 8 3 1 , 9 8 3 .
p e r m it th e tr a n s p o r t a t io n o f e x p r e s s a n d f r e ig h t th r o u g h th e s t r e e t s o f
O a k la n d . T h e s in k in g f u n d , c o m m e n c in g in 1 9 1 5 , w ill r e tir e b e fo r e m a
O f f e r .—
t u r it y $ 4 ,3 4 5 ,0 0 0 b o n d s .
T h e N e w Y o r k C e n tr a l & H u d s o n R iv e r R R . h a s s e n t o u t c ir c u la r s to th e
F r o m 1 9 0 0 t o 1 9 1 0 t h e c i t y o f O a k la n d I n c r e a se d in p o p u la t io n fr o m
s t o c k h o ld e r s d a t e d A p r il 10 in c o r p o r a tin g i t s o lfe r , g o o d fo r 60 d a y s : (1) t o
6 6 ,9 6 0 to 1 5 0 ,1 7 4 , o r 1 2 4 .3 % , a n d th e c i t y o f B e r k e le y In c r e a se d 2 0 6 % ;
p a y S I 28 p er s h a r e in c a s h a n d a ls o ( 2 ) in d e p e n d e n t ly o f th e fir st o fle r t o
w h ile th e to w n o f R ic h m o n d s p r a n g fr o m n o t h in g t o 1 0 ,0 0 0 , d u e p r in c ip a lly
g iv e t h e s to c k h o ld e r s t h e r ig h t t o s u b s c r ib e fo r N e w Y o r k C e n tr a l 3 0 -y e a r
t o t h e f a c t t h a t th e re fin e r ie s o f t h e S ta n d a r d O il C o ., t h e s h o p s o f t h e A t c h .
4% d e b e n t u r e s d a t e d J a n . 1 191 2 a t 92 (a y ie ld o f 4 .4 9 % ) , p a r t o f a n u n
T o p . & S . F’e R y . a n d t h e P a c ific C o a st s h o p s o f t h e P u llm a n C o . h a v e b e e n
a u th o r iz e d I ss u e o f $ 5 0 ,0 0 0 ,0 0 0 (V . 9 4 , p . 2 0 8 ) .
lo c a te d th e r e .
It is p o in t e d o u t t h a t t h e p r ic e o fle r e d ,$ 1 2 8 p e r s h a r e , w ill, it r e -in v e s te d
a t 4 % , y ie ld $ 5 12 p er a n n u m , o r , if r e -in v e s te d a t 4 > * % ,w ill y ie ld $ 5 7 6
M e r g e r . — S .B . W a kefield & Co., San Francisco, re p o rt the
p er a n n u m , a s c o m p a r e d w it h $ 5 , t h e p r e s e n t a n n u a l in c o m e u n d e r th e
basis of m erger as follows:
le a s e .
S t o c k is t o b e d e liv e r e d a n d p u r c h a se o f d e b e n tu r e s m a d e a t th e
C a p ita liz a tio n a n d B o n d e d D eb t B e fo r e a n d A f te r M e r g e r .
o ffic e o f th e fis c a l a g e n t s o f t h e N . Y . C e n tr a l c o m p a n y , J . P . M o rg a n & C o .,
N e w Y o r k . T h e is s u a n c e o f t h e d e b e n tu r e s t o th e e x t e n t o f $ 1 4 ,2 2 3 ,0 0 0
O a k l.T r .C o . S .F .O .& S .J . E .S h .& S u b . C a li f .R y .
N ew C o.
h a s b e e n a u th o r iz e d b y th e P . S . C o m m is s io n t o p u r c h a se R . W . & O . s t o c k .
C o m m o n s t o c k . 8 1 0 ,8 7 5 ,0 0 0 $ 2 ,7 5 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 $ 5 0 0 ,0 0 0 $ 1 5 ,1 2 5 ,0 0 0
T h e N . Y . C e n tr a l w ill p a y t h e t a x e n t it lin g t h e h o ld e r s o f t h e d e b e n tu r e s
P r e f . s t k . (" A ” ) 7 ,0 5 0 .0 0 0
5 ,0 0 0 ,0 0 0
.................................
1 2 ,0 5 0 ,0 0 0
t o e x e m p t i o n fr o m t a x e s in N e w Y o r k S t a t e .
_________
_________
______________ ______
1 ,0 0 0 ,0 0 0
do
(" B ” )
S im ila r c ir c u la r s is s u e d b y t h e N . \ . C e n tr a l c o n t a in in g t h e o ffer t o p u r
T o t a l b o n d s < u t . 1 2 ,0 0 0 ,0 0 0
7 ,5 0 0 ,0 0 0
7 5 0 ,0 0 0
..............
2 0 ,2 5 0 ,0 0 0
c h a s e w it h in t h e t im e n a m e d a t 180 th e $ 1 ,1 0 3 ,0 0 0 U t ic a & B la c k R iv e r
T h e t o t a l c la s s A p r e f. s to c k o f th e m e r g e r c o m p a n y is t h e s a m e in a m o u n t
R R . s t o c k n o t o w n e d b y t h e le s s e e (th e R . W . & O .) p o in t o u t t h a t th e
a s t h e c o m b in e d t o t a l Issu e o f p r e f . s to c k o f th e O a k la n d T r a c . C o . a n d t h e
price o f f e r e d ,$ 1 8 0 p er s h a r e , w ill, if r e -in v e s te d a t 4 % , y ie ld $ 7 2 0 p er a n
S a n F r a n . O a k la n d <N: S a n J o s e C o n s o l. R y . , b u t it h a s b e e n m a d e p r e f . b o th
n u m o r ,if r e -in v e s te d a t 4J-$% . y ie ld $ 8 10 p er a n n u m c o m p a r e d w ith $ 7 ,
a s to d iv id e n d s a n d a s s e t s . T h e n e w c o r p o r a tio n .a ssu m es t h e t o t a l ( $ 2 0 ,
th e p r e s e n t a n n u a l in c o m e u n d e r th e le a s e . T h e a m o u n t o f t h e N . Y . C e n t,
2 5 0 ,0 0 0 ) b o n d e d d e b t o f t h e s e v e r a l m e r g e d c o m p a n ie s .
d e b e n t u r e s a u t h o r iz e d fo r t h e p u r c h a se o f s t o c k is in t h is I n s ta n c e $ 2 ,2 0 6 ,0 0 0
T h e t o t a l is s u e o f t h e n e w c o m m o n s t o c k Is th e s a m e a s t h e c o m b in e d t o t a l
— V . 94, p. 1058, 280.
is s u e o f t h e c o m m o n s t o c k o f t h e fo u r m e r g e d c o m p a n ie s ; $ 1 ,0 0 0 ,0 0 0 c la s s
B p r e f. s t o c k w a s Issu ed t o t h e s t o c k h o ld e r s or t h e E a s t S h o r e & S u b u r b a n
— E q u i p m e n t T r u s ts O f fe r e d . — E . H . R o llin s R y ., t h a t c o m p a n y h a v in g n o p r e f. s t o c k is s u e , 'r ills a d d it io n a l s t o c k
& Sons of Boston, N ew Y o rk , Chicago, &c., this week (5 1 ,0 0 0 ,0 0 0 B p r e f.) is o ll s e t b y th e a d d itio n o f t h e p h y s ic a l p r o p e r tie s o f t h e
S a n J o s e S h o r t L in e a n d t h e S a c r a m e n t o S h o r t L in e a n d t h e d o c k p r o p e r ty
offered the $500,000 4 ] 4 % gold e q u ip m e n t tru s t certificates k n o w n a s t h e K e y R o u t e B a s in , w h ic h h a v e b e e n p u r c h a s e d b y th e n e w
c o r p o r a tio n a n d a r e in c lu d e d in it s a s s e t s . A d d it io n a l p r o p e r tie s h a v e r e c e n t ly
of 1912 as follows:
b e e n a p p r a is e d a t b e t w e e n $ 7 ,0 0 0 ,0 0 0 a n d $ 8 ,0 0 0 ,0 0 0 .— V . 9 4 , p . 9 1 2 .
D a t e d M a y 1 1 9 1 2 ; in t e r e s t M . & N . a t t h e G u a r a n ty T r u s t C o ., N . Y .,
tr u ste e .
D e n o m in a tio n $ 1 ,0 0 0 ( c * ) .
M a tu r ity $ 2 4 ,0 0 0 M a y 1 19 1 3 a n d
B o n ds,
5 3 4 0 0 0 y e a r ly fr o m 19 1 4 t o 1 9 2 7 , in c lu s iv e .
P r ic e s 1 0 0 .3 6 fo r 1 9 1 3 m a
T h is com pany, inco rp . in C a lifo rn ia Sept. 3 1911, has filed a
t u r it y , 1 0 0 .6 7 fo r 191 4 a n d r a n g in g fr o m 9 8 .3 9 t o 1 0 0 .1 4 (in t e r e s t y ie ld
m ortgage to the G arden C ity B a n k & T ru s t Co. of San Jose,
4 .6 5 t o 4 .4 5 ) fo r 1 9 2 7 t o 1 9 1 5 m a t u r it ie s .
T h e c e r tific a te s a r e is s u e d to p r o v id e fo r 90'% o f t h e c a s h c o s t o f 5 0 0 s t e e l
as trustee, to secure $1,000,000 5 % bonds dated M ch. 16 1912.
f r e ig h t b o x c a r s , 6 p a s s e n g e r lo c o m o t iv e s a n d 4 s t e e l p a s s e n g e r c a r s .— V . 9 4 ,
T h e r o a d is t o b e o p e r a t e d w ith e le c t r ic it y ; c o n s t r u c t io n h a s b e g u n .
p. 1050, 6 8 .
.
B o n d s d u e M a rch 16 1 9 3 2 , b u t c a lla b le o n o r a f t e r M a r ch 16 101 7 a t 1 0 5 .
P a r $ 1 ,0 0 0 .
I n t . M . & S . a t o ffic e o f t r u s t e e . S t o c k $ 1 ,5 0 0 ,0 0 0 c o m m o n
E a r n i n g s .—
s ( o c k a n d $ 1 ,0 0 0 ,0 0 0 7 % n o n -c u m . p r e f.
P a r $ 1 . O n ly th e $ 1 ,5 0 0 ,0 0 0
In te r e s t
B a la n c e ,
Y e a r e n d in g
G ro s s
N et E arn s.
c
o
m
m
o
n
is
o
u
t.
P r e s ., H u g h C a rter; S e c ., M . J . G a r d n er , S a n J o s e . S e e
C h a rg e s.
S u r p lu s .
M a rc h 3 1 —
E a r n in g s .
a fte r T a x e s .
a ls o V . 9 4 , p . 9 1 3 .
$ 8 6 ,7 9 1
$ 7 2 ,0 2 1
191 1—12
- - ____ $ 3 3 2 ,0 1 3
$ 1 5 8 ,8 1 2
8 1 ,6 2 2
3 9 ,0 1 2
i 9 i o - t i : : : : : : : _____________ 2 7 7 . 5 3 5
1 2 0 ,0 3 4
— E n g r a v e d B o n d s R e a d y . — T h e O ld
— V . 94, p. 124.
C o lo n y T r u s t Co., B o sto n, announces b y a d v e rtis e m e n t
Rome Watertown & Ogdensburg RR.—
Rutland RR.
San Jose (Cal.) Terminal (Electric) Ry.
cfee.—
Rutland (Vt.) Railway, Light & Power Co.—
Seattle Electric Co.
St. Louis & San Francisco RR.—B o n d s S o l d . — N o te s
C a l l e d . — T h e co m p a n y has sold to W illia m S alo m o n & Co.
of th is c it y and G. H . W a lk e r & Co. of S t. L o u is $ 12,300,
000 N e w O rle a n s T e xa s & M exic o D iv is io n 1st os. due
M ch. 1 1940, and has called fo r p a y m e n t a t p a r on Ju ne 1
th e $ 8,000,000 secured 5 % gold notes due M ch. 1 1913,
w h ic h a re secured b y $ 10,000,000 of th e bonds sold.
T h e s a m e b a n k e r s p la c e d t h e $ 1 6 ,0 0 0 ,0 0 0 b o n d s o f th e is s u e p r e v io u s ly
... , vviz
iz
$ 1 1 ,0 0 0 ,0 0 0 5s a n d $ 5 ,0 0 0 ,0 0 0 4 K>s (s p e c ia l F r e n c h s e r ie s ).
s o ld
I n c o n n e c t io n w it h th e c a llin g o f t h e s a id $ 8 ,0 0 0 ,0 0 0 S t . L o u is & S a n
F r a n c is c o R R C o . 5% n o t e s , t h e f o llo w in g s t a t e m e n t is m a d e:
" I t is in t e r e s tin g t o n o t e t h a t t w o y e a r s a g o , w h e n th e s e n o t e s w e r e
is s u e d th e g r o s s e a r n in g s o f t h e N e w O r le a n s T e x a s & M e x ic o R R . C o . w e r e
n o t e x c e e d in g $ 3 ,7 0 0 a m ile , w h ile a t t h e p r e s e n t t im e th e p r o p e r ty is
e a r n in g a b o u t $ 5 ,2 0 0 a m ile .
t
" I n c o n s e q u e n c e o f t h e s e im p r o v e d e a r n in g s a n d th e fu t u r e p r o s p e c ts
o f th is lin e , t h e b a n k e r s r e a liz e t h a t t h e fir st m o r t g a g e b o n d s a r e a g o o d
in v e s t m e n t a n d th e ir p u r c h a s e o f th e s a m e e n a b le s t h e c o m p a n y t o p a y
ofT it s n o t e s , th e r e b y liq u id a t in g th e o n ly la r g e m a t u r in g o b lig a t io n in th e
n e a r f u t u r e .” — -V. 9 4 , p . 9 1 2 , 4 8 8 .
St. Louis Southwestern Ry.— B o n d s
A u t h o r i z e d . — The
stockholders on A p r il 17 a u th o rize d a m ortgage to secure an
issue of $100,000,000 firs t te rm in a l and u n ify in g 5 % bonds,
of w hich $7,500,000 have been sold. Com pare Y . 94, p. 488,
560.— V . 94, p. 912, 632.
St. Louis Springfield & Peoria RR .— I n c r e a s e
o f S t o c k .—
T h e co m p any on A p r il 16 filed in the office of the S ecretary
of S ta te a certificate of increase of cap ita l stock fro m $6,
505,000 to $7,850,000.— V . 90, p. 304.
San Antonio Uvalde & Gulf RR.—C o n s tr u c tio n . — A n
o fficer
w rite s u n d e r date of A p r il 10:
W e h a v e n o w in o p e r a tio n 121 m ile s o f r o a d fr o m U v a ld e , T e x . , to
F o w le r to n T e x . W e h a v e o n ly Issu ed $ 1 ,0 0 0 p e r m ile c a p it a l s to c k a n d
h a v e n o t is s u e d a n y b o n d s .
W e a r e n o w b u ild in g fr o m F o w le r to n to S a n
A n t o n io a n d fro m S a n A n t o n io to t h e G u lf. W e d o n o t e x p e c t t o issu e
a n y b o n d s u n t il t h e ro d is c o m p le t e d , a lth o u g h it is Ju st p o s s ib le t h a t w e
m a y is s u e b o n d s w h e n t h e lin e fro m F o w le r t o n to S a n A n t o n io is c o m
p le t e d . P r e s id e n t , J . E . F r a n k lin ; 1 st V lc c - P r e s t . a n d G e n . M g r ., A . R .
P o n d e r ; 2d V ic e -P r e s t . a n d P u r . A g t . . M . E . L e m m in g . O ffic e S a n
A n t o n io . T e x a s .
San
Francisco-Oakland
Terminal Railways.— U n d e r
C om pany,
N e w Y o r k , are o ffe rin g b y a d v e rtis e m e n t on a n o th e r page,
a t 9 3 ^ and in t . , y ie ld in g a b o u t 5 ^ % > th e unsold p o rtio n
of a b lo c k of $1,500,000 San Fra ncisc o O a k la n d & San
Jose C o nso lid ated R y . ( “ K e y R o u te " ) g e n e ra l consol. M .
s in k in g fu n d 5s, d a te d 1908 and due M a y 1938, b u t re
deem able on a n y in te re s t d a te a t 1 0 2 a nd in t.
A u th o r
ized, $7,500,000; reserved to re tire u n d e rly in g bonds,
$4,500,000; o u ts ta n d in g , $3,000,000.
ly in g
B onds
O f f e r e d . — S m ith - T e vis - H a n fo rd
E a r n in g s o f P r o p e r tie s M e r g e d in to S a n F r a n .-O a k la n d T e r m in a l R a il w a y s .
G ro s s .
N e t.
I n t.C h g s .
S u r p lu s .
$ 8 5 7 ,8 2 8
$ 6 6 0 ,8 7 3
Y e a r e n d in g M c h . 31 1 9 1 1 ___ $ 4 ,2 1 4 ,7 8 8 $ 1 ,5 1 8 ,7 0 1
H a lf - y r . e n d in g D e c .3 1 1 9 1 1 . 2 ,4 6 2 ,7 6 6
1 ,0 4 5 ,1 9 0
5 6 7 ,1 7 8
4 7 8 ,0 1 2
Y e a r e n d in g J u n e 3 0 1912
o f f ic ia l e s t i m a t e ....................... 4 ,9 0 0 ,0 0 0
2 ,0 9 0 ,0 0 0
1 ,1 3 5 ,0 0 0
9 5 5 ,0 0 0
on a n o th e r page to the h o ld ers of in te r im ce rtific ate s fo r
S e a ttle - E v e re tt 1st M . 5 % gold bonds th a t the p e rm a n e n t
bonds are re a d y fo r d e liv e ry up on s u rre n d e r of in t e r im
c e rtific a te s issued u n d e r a g re e m e n t d ate d M a y 1 1911.
C o m p are V . 92, p. 1244.— V . 94, p. 124.
Shamokin Sunbury & Lewisburg RR.— P a y m e n t o f
B o n d s — E x t e n s i o n . — T h e $ 1,000,000 1st M . 5s w ill be p a id
a t m a t u r it y , M a y 1, a t the office of D re x e l & Co., P h ila .
T h e b a n k e r s o ffe r h o ld e r s o f b o n d s th e o p p o r t u n ity t o e x t e n d th e m a t th e
r a t e o f 4 % p er a n n u m u n t il J u ly 1 1 9 2 5 , th e e x t e n d e d b o n d s t o b e g u a r a n
t e e d , p r in c ip a l a n d in t e r e s t, b y R e a d in g C o . — V . 5 1 , p . 2 1 .
Sherbrooke (Qus.) Railway & Power Co.— Ronds.— Th e re
were re c e n tly offered in Lo nd o n, a t £ 9 0 per $500 bond,
$300,000 5 % cons. 1st M . 30-yr. s in kin g fu n d gold bonds
(V . 91, p. 95).— V . 93, p. 590.
Tennessee Railway Light & Power Co.
-N e w H y d r o - E le c
fo llo w in g securities
have been subscribed three tim es over, na m ely: $7,500,000
firs t m ortgage 50-year 5 % gold bonds of Tennessee P o w er
Co. (of T e n n .), to bear in te re s t fro m M a y 1 1912, and $3,
750,000 6 % pref. stock (cum . fro m June 1 1912), and $7,500,
000 comm on stock of T e nn. R a ilw a y , L ig h t & P o w er Co.
(p ro b a b ly of M a in e ), on the basis of $1,450 (and in t. if a n y )
fo r each blo ck of $1,000 bond and $500 pref. stock and $1,000
comm on stock. T h e prospectus, dated A p r il 3 1912,shows;
tr ic
E n te r p r is e — O v e r s u b s c r i b e d . — T h e
S e c u r itie s to B e O u ts ta n d in g .
(1) T e n n e s s e e R a ilw a y , L ig h t & P o w e r C o . (p r o b a b ly o f M a in e )—
P r e f . (p . & d .) s t o c k . T o t a l a u t h ., $ 5 0 ,0 0 0 ,0 0 0 ;
sold through this subscription, par $100 a share. .$3,750,000
Issued in part payment for properties acquired
(of which $ 3 ,500,000 will recclvo no dividends
till a fte r D e c . 1 1 9 1 2 ) -------------------- ------------- 6 ,5 0 0 ,0 0 0 — $ 1 0 ,2 5 0 ,0 0 0
C o m m o n s to c k ; t o t a l a u th o r iz e d (p a r $ 1 0 0 a s h a r e ) ..................$ 2 0 ,0 0 0 ,0 0 0
(2) Tennessee Power Co. (of Tennessee)—
■
Common stock, $20,000,000, all (except qualifying shares of
directors) will be owned by Tenn. R y., Lt. & Power Co.
•
F ir s t M . 5 0 -y r . 5% g o ld b o n d s , d a t e d M a y 1 1 9 1 2 . T o t a l
a u t h . I ssu e , $ 5 0 ,0 0 0 ,0 0 0 ; $ 7 ,5 0 0 ,0 0 0 n o w s u b s c r ib e d ; re
m a in d e r r e s e r v e d fo r fu tu r e e x t e n s io n s , a c q u is it io n s a n d Im
p r o v e m e n ts u n d e r c o n s e r v a t iv e r e s tr ic tio n s .
B an k ers T ru st
C o ., N e w Y o r k , t r u s t e e .
G u a r a n te e d a s t o p r in . & in t . b y
T e n n e s s e e R y . , L ig h t & P o w e r C o . ........................................................$ 7 ,5 0 0 ,0 0 0
[T h e 5% in te r im r e c e ip t s Issu a b le t o s u b sc r ib e r s a r e c o n v e r tib le in t o b o n d s
o n M a y 1 1 9 1 5 , w ith o p t io n t o T e n n . P o w e r C o . fr o m M a y l 191 3 to M a y 1
1 9 1 5 to d e liv e r e ith e r p e r m a n e n t b o n d s o r p a y s u c h h o ld e r in c a s h 90 %
a n d I n te r e st, b u t if c a s h is o lfe r e d , th e r e c e ip t-h o ld e r s m a y h a v e th e ir
b o n d s for I n v e s t m e n t o n a g r e e in g n o t to s e ll w it h in a y e a r a t le ss t h a n 9 6 . J
S e c u r itie s W hich W ill D e O w n ed b y T e n n essee R a il w a y , L ig h t & P o w e r C o .
A ll t h e $ 2 0 ,0 0 0 ,0 0 0 c a p it a l s t o c k o f T e n n . P o w e r C o . ( e x c e p t d ir e c to r s ’ s h s .)
A la r g e m a j o r ity a n d p r o b a b ly a ll o f t h e $ 4 ,0 0 0 ,0 0 0 c o m m o n s t o c k o f t h e
N a s h v ille R a ilw a y & L ig h t C o . (see V . 9 4 , p . 8 2 7 ) .
A ll th e b o n d s a n d s t o c k o f C le v e la n d (T e n n .) E le c t r ic L ig h t C o.
A la r g e m a j o r ity a n d p r o b a b ly a ll o f (a) t h e $ 2 ,0 0 0 ,0 0 0 p r e f. s t o c k a n d (ft)
t h e $ 3 ,0 0 0 ,0 0 0 c o m m o n s t o c k o f t h e C h a t t a n o o g a R y . & L ig h t C o .
A n e s t im a t e d w o r k in g c a p it a l o f $ 8 8 2 ,0 0 0 .
P roperty
of
Tennessee
Pow er
C om pany.
T h e T e n n e s s e e P o w e r C o . w jli o w n free o f a ll e n c u m b r a n c e (o th e r t h a n it s
1 s t M . b o n d s ): (a) T h e h y d r o - e le c t r ic d e v e l o p m e n t o n t h e O c o e e R iv e r a t
P a r k s v llle , T e n n ., c o m p le t e d w it h in t h e la s t 60 d a y s ; in s t a lle d c a p a c i t y ,
APE. 20 1912.1
THE CHRONICLE
1121
American Agricultural Chemical Co.
2 0 .0 0 0 h . p ., n o w In o p e r a t io n .
D a m , o f s o lid c o n c r e te ; p o w e r h o u s e ,
— L i s t e d .— T h e N e w
brlclc a n d s t e e l , a ll o f b e s t t y p e . (6) T r a n s m is s io n lin e s n o w In o p e r a tio n
Y o r k S tock E xchan ge has listed §6,119,000 a d d itio n a l p re
fr o m P a r k s v llle . v ia C le v e la n d t o C h a tta n o o g a ; fr o m C le v e la n d t o K n o x
v il le , T c n n ., n o w n e a r ly c o m p le te d ; fr o m C le v e la n d t o G e o r g ia S t a t e lin e
ferred stock, m a kin g the to ta l a m o u n t a u th o rize d to be
( c o n t in u in g u n d e r a n o t h e r o w n e r s h ip t o H o m e , G a .;) t o t a l, 148 m ile s ,
listed §27,053,700, in c lu d in g a m o u n t reserved to re tire
(c) T h e G r e a t F a lls p o w e r a n d r e s e r v o ir a t t h e j u n c t io n o f t h e C a n e y F o r k
a n d C o llin s R iv e r s , n e a r H o c k I s la n d , T c n n ., w h ic h is c a p a b le o f d e v e l o p
c o n ve rtib le bonds.
m e n t fo r a t o t a l in s t a lle d c a p a c it y o f 8 0 ,0 0 0 h . p . , a n d g e n e r a lly r e g a r d e d
O f t h e s t o c k j u s t lis t e d . $ 6 ,0 0 0 ,0 0 0 w a s r e c e n t ly olTercd t o s to c k h o ld e r s
a s o n e o f t h e f in e s t w a te r -p o w e r s it e s In T e n n e s s e e .
(d)
T w o a d d it io n a l
a t p a r (V . 9 4 , p . 6 3 2 ) a n d $ 1 1 9 ,0 0 0 w a s I ssu e d in e x c h a n g e fo r 4 7 6 s h a r e s
p o w e r s it e s o n t h e O c o e e R iv e r ; t h e s e c o n d s it e b e in g c a p a b le o f d e v e l o p
o f t h e c a p it a l s t o c k o f t h e P a i m c t t o P h o s p h a t e C o . In a d d itio n t o t h e
m e n t fo r a n I n s ta lle d c a p a c it y o f 1 0 ,0 0 0 h . p . , a n d a th ir d fo r a n I n s ta lle d
$ 3 0 8 ,1 0 0 s t o c k p r e v io u s ly o w n e d (V . 9 4 , p . 2 0 9 ) .— V . 9 4 , p . 9 1 3 , 6 3 2 .
c a p a c i t y o f 3 0 ,0 0 0 h .p .
(c) ‘ A n d th e c o m p a n y w ill h a v e in Its t r e a s u r y
5 2 ,4 7 8 ,0 0 0 , w h ic h It Is p r o p o se d t o u s e fo r n e w c o n s t r u c t io n a n d o th e r
— E arn
c o r p o r a te p u r p o s e s .
A la r g e p a r t o f t h e a b o v e - m e n t io n e d p r o p e r tie s w ill
in g s — L e a s e .—
b e a c q u ir e d b y p u r c h a s e fr o m t h e E a s te r n T e n n e s s e e P o w e r C o.
C a le n d a r
G ro s s
O p e r a tin g
N et
D iv id e n d s
B a la n c e ,
T h e fo llo w in g c o n s t r u c t io n w o r k w ill b e u n d e r ta k e n I m m e d ia te ly b y
Y ear—
E a r n in g s.
E x p e n s e s . E a r n in g s .
P a id .
S u r p lu s .
t h e c o m p a n y : A n a d d it io n t o t h e fir st d e v e lo p m e n t n o w in o p e r a t io n o n
t h e O c o e e R iv e r o f 1 5 ,0 0 0 h .p . g e n e r a tin g c a p a c ity ; a h y d r o - e le c t r ic p la n t
1 9 1 1 ----------- .
.$ 2 ,1 6 2 ,7 8 4
$ 1 ,3 6 9 ,8 5 7
$ 7 9 2 ,9 2 7
$ 3 9 8 ,5 5 2
$ 3 9 4 ,3 7 5
o f 1 0 ,0 0 0 h .p . g e n e r a tin g c a p a c i t y , o p e r a tin g u n d e r a h e a d o f 2 5 0 f t . , a t
3 ,0 9 0 ,8 3 2
8 0 3 ,7 4 6
3 9 8 ,5 4 9
4 0 5 ,1 9 7
19 1 0 ---------------------- 3 .8 9 4 ,5 7 8
t h e s e c o n d s it e o n th e O c o e e R iv e r ; a d d itio n a l t r a n s m is s io n lin e s fro m
T h e r e p o r t s t a t e s t h a t t h e d e c r e a s e In e a r n in g s a n d e x p e n s e s d u r in g 1911
P a r k s v llle , b y w a y o f G r e a t F a lls , to N a s h v ille , T e n n ., a n d fro m N a s h v ille
(w h ic h a r e a b o u t t h e s a m e ) a rc d u e c h ie f ly t o t h e le a s e o f t h e m e s s e n g e r
th r o u g h th e s u r r o u n d in g c o u n t r y , to r e a c h t h e v a r io u s p o w e r u s e r s , In
b u s in e s s to th e W e s te r n U n io n T e le g r a p h C o . a s o f J a n . 1 1 9 1 1 fo r a n a n n u a l
c lu d in g th e la r g e p o w e r r e q u ir e d in t h e p h o s p h a t e b e d s , w ill b e c o n s t r u c t e d
r e n ta l In m o n t h ly I n s t a llm e n t s b a se d o n t h e fo r m e r o p e r a t in g r e tu r n s , s u c h
r e n ta l p a y m e n t s b e in g s u b l e e t t o I n c r e a s e d e p e n d e n t u p o n t h e g r o w t h o f
a n d e q u ip p e d .
, ,
T h e T e n n e s s e e P o w e r C o. w ill o w n : (1) T r a n s m is s io n lin e s n o w in o p e r a t h e m e s s e n g e r b u s i n e s s .— V . 9 2 , p . 1 0 2 9 .
t io n a n d u n d e r c o n s t r u c t io n , 148 m ile s; t o b e c o n s t r u c t e d I m m e d ia t e ly ,
— F ir s t
2 7 2 m ile s; t o t a l, 4 2 0 m ile s .
(2)
W a te r p o w e r s; P r e s e n t I n s ta lle d c a p a c i t y ,
2 0 .0 0 0 h p , I n s ta lle d c a p a c it y t o b e I m m e d ia t e ly a d d e d , 3 1 ,0 0 0 h .p .; u n d e C o m m o n D i v i d e n d .— A n in it ia l d ivid e n d of 1 % has been de
v e l o p e d . c a p a b le o f a n In s ta lle d 1 1 0 ,0 0 0 h .p ; g r a n d t o t a l, 1 6 1 ,0 0 0 h .p .
clared on the §5,544,522 com m on stock, p a yab le June 1.—
O u t o f th e $ 2 0 ,0 0 0 ,0 0 0 f u lly Issu ed c o m m o n s t o c k o f t h e T e n n e s s e e R y . ,
Tdght & P o w e r C o ., $ 2 ,0 0 0 ,0 0 0 p a r v a lu e w ill b e a v a ila b le fo r th e fu r t h e r
V . 89, p. 1282.
d e v e lo p m e n t o f th e e n te r p r is e .
A ll o f t h e n e w s e c u r it ie s , w h ic h w ill b e
o u t s t a n d in g a s a b o v e o u t lin e d , w ill b e Issu e d b y t h e c o m p a n ie s In r e tu r n
fo r t h e c o n v e y a n c e to th e m o f t h e s e c u r it ie s , p r o p e r t ie s a n d c a s h , w h ic h
— N o te O f f e r in g . — A . G. B ecker &
t h e y a r c t o o w n a s a b o v e s e t fo r th .
A f t e r p r o v id in g t h e b o n d s a n d s to c k s
Co., Chicago, h a v in g sold the m a jo r p o rtio n of the issue, are
n o w s u b s c r ib e d a n d a f t e r a c q u ir in g t h e p r o p e r tie s a n d s e c u r it ie s t o b e c o n
v e y e d to th e T e n n e s s e e P o w e r C o. a n d 'r e n n e s s e e R y ., L t. & P o w . C o ., th e r e
offering a t p a r and in t., b y a d ve rtis e m e n t on a n o th e r page,
w ill re m a in In t h e h a n d s o f t h e o r g a n iz e r s $ 6 ,9 0 0 ,0 0 0 o f c o m m o n s t o c k In
the re m a in d e r of the §1,500,000 5 % gold notes dated M ch. 15
c o n s id e r a tio n o f th e ir s e r v ic e s In a s s e m b lin g a n d p u r c h a s in g t h e s e p r o p
e r tie s , in s e c u r in g o p t io n s a n d c o n t r a c t s a n d fo r tu r n in g o v e r a t c o s t v a lu
1912 and due in 1914 and 1915, b u t callable a t 101, f u lly
a b le w a t e r p o w e r a n d o th e r p r o p e r tie s .
The T e n n e s s e e P o w e r C o ., In a d d it io n t o a la r g e m a r k e t o f Its o w n , w ill described la st week, p. 1058.
h a v e p r o fita b le c o n t r a c t s for th e fu r n is h in g o f c u r r e n t t o t h e f o llo w in g c o m
— S a le o f §450,000 D e b e n tu r e s
p a n ie s , s e r v in g a t o t a l p o p u la tio n o f a b o u t 2 9 4 ,0 0 0 , v iz .: C h a t t a n o o g a R y .
b y S u b s i d i a r y .— See H a rla n & H o llin g s w o rth Corp. below .
& L ig h t C o.: C le v e la n d (T e n n .) E le c t r ic L t . C o ., K n o x v il le R a ilw a y & L ig h t
C o ., N a s h v ille R a ilw a y & L ig h t C o ., a n d G e o r g ia P o w e r C o . ( V .9 3 , p . 1 1 9 4 ),
— V . 94, p. 980.
th e la s t n a m e d s e r v in g a t R o m e , G a ., a n d its im m e d ia t e v ic in it y a p o p u la
t io n o f a p p r o x im a t e ly 1 8 ,0 0 0 .
— D e t a i l s o f S e c u r i t i e s .— T h e
P r e s e n t E a r n in g s S u f f ic ie n t to M e e t B o n d I n te r e s t a n d P r e fe r r e d D iv id e n d .
com pany, inco rp o rated in C a lifo rn ia on Dec. 15 1911, has
T h e e a r n in g s fr o m t h e p r e s e n t d e v e lo p e d a n d o p e r a t in g w a te r p o w e r o f
made a m ortgage to the M e rc a n tile T r u s t Co. of San F r a n
t h e T e n n e s s e e P o w e r C o . a n d t h e a p p lic a b le e a r n in g s a c c r u in g t o t h e h o ld
in g c o m p a n y fr o m s e c u r it ie s It w ill o w n a r e a t p r e s e n t a t a r a te s u f f ic ie n t
cisco, as trustee, to secure an a u th o rize d issue of §10,000,000
to p a y t h e I n te r e st o n t h e $ 7 ,5 0 0 ,0 0 0 b o n d s o f t h e T e n n e s s e e P o w e r C o . a ls o
40-year 5 % “ firs t and re fu n d in g ” gold bonds dated Jan. 1
d iv id e n d s o n t h e $ 1 0 ,2 5 0 ,0 0 0 p r o f, s t o c k o f 'I'enn . R y ., L ig h t & P o w e r C o .
o f w h ic h $ 3 ,5 0 0 ,0 0 0 w ill r e c e iv e no d iv id e n d t ill a f t e r D e c . 1 1 9 1 2 .
1912, w hich are subject to call on a n y in te re s t d a y (Jan. 1
T h e In c o m e s h o u ld r a p id ly In c rea se fro m t h e d e v e lo p m e n t o f Its w a te r
or J u ly 1) a t 105; present issue §5,600,000.
p o w e r s a n d from t h e a n t ic ip a t e d r a p id in c r e a s e In n e t e a r n in g s o f t h e u t ili t y
c o m p a n ie s w h ic h w ill b e c o n t r o lle d In th e a c t i v e a n d g r o w in g c it ie s o f N a s h
T h e b o n d s h a v e a s in k in g fu n d w h ic h w ill “ c o v e r 7 5 % o f th e is s u e a t
v ille a n d C h a tta n o o g a a n d s m a lle r c o m m u n it ie s .
W ith th e d e v e lo p m e n t
m a t u r it y .
I n t e r e s t is p a y a b le J . & .1., a t o ffic e o f tr u s te e ; p r o v is io n w ill
o f G r ea t F a lls t o a n u lt im a t e I n s ta lle d c a p a c i t y o f 8 0 ,0 0 0 h . p . a n d t h e e x
a ls o b e m a d e t o p a y c o u p o n s In N e w Y o r k .
D e n o m . $ 1 ,0 0 0 e a c h . C o m p a n y
t e n s io n o f th e t r a n s m is s io n lin e s to L o u is v ille , C in c in n a ti, E v a n s v ille , C o v
Is a c o n s o lid a t io n o f t h e S is k iy o u E le c t r ic L ig h t & P o w e r C o ., R o g u e R iv .
in g t o n , N e w p o r t a n 1 th e I n te r m e d ia te t o w n s , la r g e a d d it io n a l s u r p lu s e a r n
E le c t r ic C o ., K la m a th P o w e r C o. a n d s m a lle r c o n c e r n s , a n d is e n g a g e d In
in g s a r e a n t ic ip a t e d fo r t h e c o m m o n s t o c k .
e le c t r ic p o w e r a n d lig h t in g a n d s u p p ly in g w a t e r t o c it ie s a n d t o w n s .
No
[S u b s c r ip tio n s for t h e a fo r e s a id s e c u r it ie s w e r e r e c e iv e d b y H . M . B y ll e s b y
p rio r lie n s , w e a r c I n fo r m e d , a rc t o r e m a in o u t s t a n d in g ; a ll b o n d s o f th e o ld
A C o ., C h ic a g o : E . W . C lark & C o ., P h lla .; W illia m P . li o n b r i g lu & C o .,
c o m p a n ie s t o b e r e tir e d .
C a p ita l s t o c k a u t h o r iz e d , $ 1 0 ,0 0 0 ,0 0 0 , a ll o f o n e
N . Y . a n d L o n d o n , a n d l l o d c n p y l , H a r d y & C o ., N e w Y o r k .] C o m p a r e
c la s s .
P r e s id e n t , J e s s e W . C h u rc h ill; S e c r e t a r y , A le x J . R o s b o r o u g h ;
V . 92, p . 883.
T i e a s ., J . P . C h u r c h ill. O ffic e , 5 0 2 C a lifo r n ia S t . , S a n F r a n c is c o . C a l.
C om pare V . 9 4 , p . 489.
American District Telegraph Co. of New Jersey.
American Laundry Machinery Co., Cincinnati, Ohio.
American Rolling Mill Co., Middletown, O. (Sole Producer
of American Ingot Iron).
Bethlehem Steel Corporation.
California-Oregon Power Co.
Toledo Railways & Light Co.— M
c e tin g A g a i n P o s t p o n e d .—
T h e jo in t m e e tin g o f t h e b o n d h o ld e r s ' a n d s t o c k h o ld e r s ' p r o te c tiv e c o m
m it t e e fo r t h e c o n s id e r a t io n o f r e o r g a n iz a tio n p la n s h a s b e e n a g a in p o s t
p o n e d fo r a w e e k , t o A p r il 2 4 . S e e V . 9 4 , p . 1 0 5 8 ,9 1 3 .
C a s tle V a lle y C o a l C o .. S a lt L a k e C it y .— S a le o f C o n tr o l.— S e e U . S
S m e lt in g , R e fin in g & M in in g C o . b e lo w .— V . 9 0 , p . 1 1 2 .
Toronto Hamilton & Buffalo Ry.— E a r n i n g s .
C a le n d a r
G ro s s
R even ue.
Y ear—
1911 ____ .. $ 1 , 2 5 6 , 0 1 2
19 1 0 ____ . . 1 ,1 4 5 ,7 6 9
— V . 92. p. 1110.
N e t (a fte r
T a x e s ).
$ 5 2 3 ,2 2 4
5 0 9 ,7 8 4
O th er
Incom e.
$ 4 6 ,3 3 4
4 2 ,8 6 9
Union Traction Co. of Indiana.—
C h a rg e s,
& c.
$ 2 6 9 ,4 5 0
2 9 2 ,2 9 7
Castle Valley Coal Co., Salt Lake City.— S a le o f C o n tr o l .—
See U . S. S m e ltin g , Refin. & M in . Co. b elow .— V . 90, p. 112.
B a la n c e ,
S u r p lu s .
$ 3 0 0 ,1 0 8
2 6 0 ,3 5 6
M e r g e r P l a n .— See In d i
Cedar Rapids (la.) Gas Light Co.— 90-ceni R a te H e ld
V a l i d .— T h e U n ite d States Suprem e C o u rt on M a rch 11 Held
v a lid the ordinance fix in g the gas ra te a t 90 cents fro m Jan. 1
1907. Com pare V . 89, p. 1485; V . 88, p. 1315.— V . 91, p. 1330.
Central Fuel Oil Co. (of Delaware).— R e c e i v e r s h i p .— Th e
U . S. D is tric t C o u rt a t Muskogee, O kla ., on A p r il 15, on
a p p lic atio n of the B an kers T ru s t Co. of N . Y ., m ortgage
trustee, a ppointed J. A . Veasey of B a rtle s v ille , D. F . Con
n o lly of T u lsa and F ra n k F ra n tz of Muskogee, receivers.—
V . 94, p. 914, 489.
Central New York Gas & Electric Co., N. Y.— N o te s
O f f e r e d .— D aniel B . E ly & Co., N ew Y o rk ; Clarence E .
Tho m p so n & Sons, N ew H a ve n , and H . L . Nason & Co.,
Boston, are offering a t 99 and in t. a ll of the §150,000 5-year
6 % gold c o n ve rtib le m tge. notes.
ana U n io n T ra c tio n Co. above.— V . 94, p. 769.
Utica & Black River RR.— O f f e r .— See Rom e W a te rto w n
& Ogdensburg H R . above.— V . 94, p. 769.
Vallejo & Northern RR.— B o n d s , & c .— T h is com pany,
w h ich in June 1910 increased its c a p ita l stock fro m §2,500,000,
has given fo rm a l notice of an increase in its bonded debt
fro m §2,500,000 to §10,000,000 b y the m a k in g of a new
m ortgage fo r §10,000,000 5 % bonds, w ith a vie w to b u ild in g
a lin e fro m V a lle jo to Sacram ento. The President is T . T . C.
G reg ory, San Francisco.
Wabash RR.— D e p o s i t s .— I t was announced this week
T o t a l a u t l i ., $ 1 5 0 ,0 0 0 ; a ll Issu ed In 1911 In p a r t p a y m e n t fo r th e p r o p e r ty
th a t a b ou t §14,000,000 of the firs t and re fu n d in g extensions D a te d M a rch 15 1911 a n d d u e A p r il 1 1 9 1 6 , b u t c a lla b le , a ll o r a n y p a r t, on
I n t. d a t e a t p a r a n d I n t. o n 3 0 d a y s ’ n o t ic e .
P a r $ l ,0 0 0 c * .
P . & i.
4s had been deposited w ith the E q u ita b le T r u s t Co., depos a'An y &.
O .) p a y a b le a t C o lu m b ia T r . C o ., N . Y ., t r u s t e e . C o n v e r tib le b y
it a r y fo r the Pierce p ro te c tive c o m m ittee. T h e tim e to h o ld e r o n a n d a f t e r O c t. 1 1915 In to 1 st M . b o n d s o f 1911 o n b a s is o f 85%
o f p a r v a lu e fo r p a r In b o n d s , p r o v id e d th e n e t In c o m e fo r 12 m o s . s h a ll,
m ake deposits e xp ired A p r il 15.— V . 94, p. 1058, 984.
a f t e r p a y in g t a x e s a n d r e n t a ls , b e tw ic e t h e 1 st M . I n te r e s t c h a r g e , In c lu d
o b e I ss u e d .
Westchester Street Ry., New York.— D e c i s i o n .— T h e C o u rt in gP rbeosne dn st ctha pe nit atliz
a t io n :
1 st M. 5% b o n d s , $ 6 5 0 ,0 0 0 ; n o te s d u e A p r il 1 91 6
of Appeals on M arch 13 a ffirm e d the decision of Justice Coch ( t h is I s s u e ) , $ 1 5 0 ,0 0 0 ; p r e f. s t o c k ( n o n - v o t i n g ) , $ 2 5 0 ,0 0 0 ; c o m m o n s t o c k
rane in the S uprem e C o u rt, w hich sustained the o rd e r of the (In v o t in g t r u s t ) , $ 2 0 0 ,0 0 0 .
F o r y e a r e n d in g M c h . 31 1912 o p e r a tin g r e v e n u e w a s $ 2 5 8 ,1 4 8 ; o p . e x p .,
P. S. Com mission re q u irin g the com pany to c a rry passengers t a x e s a n d r e n t s ( e x c l . o f $ 1 0 ,8 0 0 fo r d e p r c c ’n ) , $ 1 7 5 ,2 8 8 ; n e t , $ 8 2 ,8 6 0 ;
between W h ite Plains and M am aroneck fo r a single 5-eent o th e r I n c o m e , $ 8 2 1 : n e t fo r I n te r e s t, & c .. $ 8 3 ,6 8 1 .
S u p p lie s a ll t h e e l e c t r i c it y fo r lig h t a n d p o w e r in G e n e v a . S e n e c a F a lls .
instead of a 10-cent fa re .— V . 93, p. 1536.
N e w a r k , L y o n s , P a lm y r a , C ly d e , W a te r lo o a n d P h e lp s ; a ll t h e g a s u se d in
, L y o n s a n d P a lm y r a , a n d s te a m h e a t in g in G e n e v a a n d N e w a r k .
West End Street Ry., Boston.— B o n d s O f fe r e d . — P e rry , NP oe pwualar ktio
n s e r v e d . 4 1 ,0 0 0 .
See V . 9 2 , p . 1313.
Coffin & B u rr, Boston, are offering a t 104.45, y ie ld in g
(The)
City Water Power Co. of Austin, Tex.— B o n d s
4 .1 5 % , §754,000 coupon 4 ) 4 % (p lain ) bonds of 1910, due
O f f e r e d .— Law rence B a rn u m & Co., N . Y ., P h ila . and W a sh .,
J u ly 1 1930, m a kin g §1,604,000 of th a t m a t u r it y o utsta nd in g.
are offering a t 97 )4 and in t., y ie ld in g o ve r 5 ) 4 % income, the
R o a il le a se d t o th e B o s to n E le v a t e d u n t il 1 9 2 2 , fo r m in g 4 0 7 o f th e la t t e r 's
4 8 0 m ile s o f r a ilw a y ; r e n ta l p a y s a ll In te r e s t a n d r e n t a l s , 8% o n p r e f. s h a r e s
unsold p o rtio n of §750,000 1st M . 5 % s in kin g fu nd gold
a n d 7% o n c o m m o n .
A ct o f 1 9 1 1 p r o v id e s fo r t h e m e r g e r o f th e c o m p a n ie s .
bonds, dated A p r il 1 1912 and due A p r il 1 1939. P a r §500
T h e W e st E n d s d e b e n tu r e b o n d s , I n c lu d in g t h e p r e s e n t I ss u e , a m o u n t to
$ 1 8 ,2 7 1 ,0 0 0 ; n o m o r tg a g e d e b t .
I ts p r e f. s t o c k a n d c o m m o n s t o c k n o w
and §1,000 (c). In t . A . & O. a t N ew Y o r k T ru s t Co., N ew
h a v e a t o t a l m a r k e t v a lu e o f a b o u t $ 3 4 ,2 5 9 ,0 0 0 .— V . 9 4 , p . 1 0 5 8 , 5 6 1 .
Y o r k C ity , trustee. A c irc u la r says:
INDUSTRIAL, GAS AND MISCELLANEOUS.
A llis-C halm ers Co. — A p p l i c a t i o n to L i s t .— A p p lic a tio n has
been made to the N ew Y o rk Stock E xchan g e to lis t §11,
148,000 C entral T ru s t Co. certificates of deposit fo r firs t
m ortgage 5 % bonds.— V . 94, p. 1058, 913.
Amalgamated Copper Co.— O n 4 % B a s i s .— A q u a rte rly
d iv id e n d of 1% has been declared on the §153,887,900 stock,
p a yab le M a y 27 to holders of record A p r il 27, com paring w ith
50c. per share ()4 of 1% ) fro m Feb. 1908 to Feb. 1912.
T h is increases the y e a rly rate fro m 2 to 4 % .
P r e v io u s D iv id e n d Iie c o rd (P e r C e n t) .
D I V I D E N D S . ] '0 0 . '0 1 . '0 2 . '0 3 . ’0 4 . '0 5 . '0 6 . '0 7 . '08 to ' l l .
1012.
P e r c e n t ..............J 8
TV,
2 X 2
2
4 ^ 7
7 2 y e a r ly . F c b „ X
— V . 94. p. 8 3 8 . 418 .
P r in c ip a l a n d I n te r e s t p a y a b le b y t h e tr u s t e e o u t o f t h e fu n d s r e c e iv e d
s e m i- a n n u a lly fro m th e c i t y o f A u s t in , t h e final o w n e r o f t h e p la n t . T h e
b o n d s w ill b e d r a w n b y lo t e a c h y e a r a t 102 'A In s e m i- a n n u a l I n s t a llm e n t s
b e g in n in g w ith $ 7 ,5 0 0 in O c t. 1 9 1 3 . a n d in c r e a s in g a b o u t $ 5 0 0 o r $ 1 ,0 0 0 a
y e a r t o $ 2 4 ,5 0 0 , th e fin a l a m o u n t A p r il 1938
U n d e r o r d in a n c e p a s s e d b y C ity C o u n cil a n d r a tifie d b y p o p u la r v o t e , a n
a g r e e m e n t w a s a u th o r iz e d d a te d S e p t . 22 1 9 1 1 , u n d e r w h ic h t h e e n t ir e
p r o p e r ty o f th is c o m p a n y [In c o r p o r a te d In C o n n e c t ic u t A p r il 2 1 9 1 2 w ith
$ 2 0 0 , 0 0 0 o f a u t li. c a p ita l s to c k ] w ill h e o w n e d b y t h e c i t y u p o n p a y m e n t
t o th e tr u s t e e o f $ 6 4 ,8 0 0 p e r a n n u m fo r 2 5 y e a r s , w h ic h s u m w ill p a y t h e
I n te r e s t a n d r e d e e m th e p r in c lp a l o f t h e s e b o n d s . T h is p a y m e n t Is d e r iv e d
fro m t h e g r o s s I n c o m e o f t h e C it y ’s w a t e r , lig h t a n d p o w e r d e p a r t m e n t , a n d
th e c i t y Is re q u ir e d t o m a in ta in w a t e r , lig h t a n d p o w e r r a t e s s u f f i c ie n t to
p a y th e in s t a llm e n t s a s t h e y m a tu r e .
G ro ss In c o m e a n d N e t E a r n in g s fr o m C it y 's W a te r , L ig h t & Poxcer D e p a r tm e n t.
1911.
1910.
1909.
1908.
G r o ss e a r n i n g s ........... - ..........................$ 2 5 1 ,3 6 9
$ 2 3 9 ,8 1 8
$ 2 3 6 ,2 5 7
$ 2 1 0 ,1 5 6
N e t e a r n in g s , a fte r o p e r . e x p . . . 1 3 4 ,0 5 3
1 1 8 ,2 3 7
1 3 0 ,1 5 5
8 8 ,5 9 7
T h e w a t e r , lig h t a n d p o w e r s y s t e m o f A u s t in is n o w o p e r a t e d w it h a
s t e a m p la n t , p r o d u c in g o n ly 4 ,6 8 0 ,0 0 0 k . w . h o u r s p er a n n u m a t a n a v e r a g e
1122
THE CHRONICLE
a n n u a l c o s t o f § 1 1 0 ,0 0 0 . T h e p o w e r p la n t c o n s t r u c t e d b y t h e C ity W a te r
P o w e r Co s h o u ld g e n e r a te a m in im u m o£ 1 2 ,0 0 0 ,0 0 0 k . w . h o u r s p e r a n n u m
a n d elT ect a s a v in g o f § 5 7 ,0 0 0 p e r a n n u m .
.
U p o n c o m p le t io n o f t h e d e v e l o p m e n t a b o u t J a n . 19 1 3 t h e o p e r a tio n o f t h e
p la n t Is t o b e tu r n e d o v e r t o t h e c i t y , w h ic h is h e ld r e s p o n s ib le fo r a ll m a in
t e n a n c e e x c e p t t h e d a m a n d t h e o u t s i d e s tr u c tu r e o f th e p o w e r h o u s e . T h e
c o m p a n y d e p o s it s w it h t h e t r u s t e e $ 5 0 ,0 0 0 a v a ila b le to c o v e r a n y c o n t in
gency
T h e p r e s e n t r e q u ir e m e n t is 5 ,5 0 0 ,0 0 0 k . w . h o u r s p e r a n n u m .
B a s e d 'o n t h e lo w e s t ilo w in t e n y e a r s , t h e p o w e r p la n t w ill p r o d u c e 1 2 ,0 0 0 ,
0 0 0 k . w . h o u r s p e r a n n u m , le a v in g 6 ,5 0 0 ,0 0 0 k . w . h o u r s p e r a n n u m to r
s a le a t a b o u t 1 H o . p e r k . w ., w h ic h w ill a s su r e a la r g e n e t in c o m e t o t h e
c i t y u n t i l it s o w n r e c iu ir c m e n ts I n c r e a s e . T h e p la n t s h o u ld a ls o p r o d u c e
4 0 0 0 ,0 0 0 k . w . h o u r s p e r a n n u m s e c o n d a r y p o w e r , a v a ila b le d u r in g t e n
m o n t h s o f t h e y e a r . T h e c o m p a n y g u a r a n t e e s a m in im u m o f 6 0 0 ,0 0 0 k . w .
h ours per m o n th .
Chicago & D u lu t h T ra n s p o ra ttio n Co.— R e c e i v e r s h i p . —
Judge L a n d is in the U . S. D is tric t C o u rt a t Chicago on
A p r il 19 a p p o in te d C a p ta in D enis S u lliv a n of D . S u lliv a n
& Co., vessel agents, receiver on a p p lic a tio n of creditors.
T h e p r e s s in g lia b ilit ie s a r e s a id t o a m o u n t t o $ 1 6 0 ,0 0 0 , I n c lu d in g 6 m o s ‘
n t c r e s t o n t h e $ 2 7 5 ,0 0 0 5% b o n d s .— V . 9 3 , p . 4 8 .
Chicago (B ell) Telephone Co.— B o n d s . — Lee, H ig g in so n &
Co., N . Y . , B oston and Chicago; H a rris , Forbes & Co., N . Y .,
offered on A p r il 11 a t 102% and in t. (n o t 102), and have
w h o lly sold, $14,000,000 1st M . 5 % gold bonds of 1908.
T h e offering was a success; synd ica te has been dissolved.
Extracts from Letter of President B. (i. Sunny, Chicago, April 10 1912.
O f t h e a u th o r iz e d Issu e o f $ 5 0 ,0 0 0 ,0 0 0 b o n d s , th e r e a re n o w o u t s t a n d in g ,
in c lu d in g t h is I ss u e , $ 1 9 ,0 0 0 ,0 0 0 . T h e p r o c e e d s o f t h e s a le o f t h e b o n d s
s o ld a t t h is t im e w ill b e u se d fo r p a y in g t h e flo a tin g d e b t in c u r r e d in e x
t e n d in g t h e b u s in e s s , c o m p le t in g t h e n e w g e n e r a l o ffic e b u ild in g n o w u n d e r
c o n s t r u c t io n a n d fo r a d d it io n a l p r o p e r ty t o b e a c q u ir e d in t h e d e v e lo p m e n t
o f t h e b u s in e s s . T h e $ 3 1 ,0 0 0 ,0 0 0 e s c r o w b o n d s m a y b e Iss u e d fo r 7 5 %
o f th e a c t u a l c a s h c o s t o f e x t e n s io n s a n d I m p r o v e m e n ts , b u t u n d e r n o c o n
d it io n s t o e x c e e d $ 5 ,0 0 0 ,0 0 0 p er a n n u m .
G ro w th o f B u s in e s s — T o ta l N o . o f E x c h a n g e T e le p h o n e s , & c .
N o . te le p h ’s . M ile s w ir e G ro s s e a r n s
N o . te le p h 's . M ile s w ir e G r o ss e a r n s .
1911
.3 3 5 ,6 5 2 8 0 7 ,5 7 0 $ 1 2 ,6 7 8 ,3 9 1 1 9 0 8 . . .1 7 0 ,8 3 4 3 5 8 ,9 8 6 $ 7 ,9 0 7 ,5 6 8
1910
. . 3 0 0 , 6 1 8 6 6 8 ,7 3 3 1 1 ,3 3 1 ,1 5 3 1 9 0 3 . . . 1 0 1,1 8 7 2 3 1 ,1 9 8
5 .5 3 4 ,5 9 0
1909
2 6 2 ,3 5 9 6 2 6 ,4 3 8 9 ,9 0 7 ,4 5 0 1 9 0 0 . . . 3 6 ,4 1 4 1 1 0 ,6 0 5
3 .1 2 9 ,2 3 8
S e e a ls o V . 8 7 , p . 1 6 6 5 ; V . 9 4 , p . 5 5 5 , 1 0 5 9 .
C leve la nd E le c tric Illu m in a t in g Co.— S a le o f C o n tr o l. —
O f f e r . — P res id e n t Parm elee in a le tte r to stockholders says:
I n c o n n e c t io n w it h e x - G o v . H e r r ic k a n d c e r t a in o th e r la r g e s h a r e h o ld e r s ,
I h a v e s u c c e e d e d In o b t a in in g a n o ffe r fr o m M r. H a r r is o n W illia m s t o p u r
c h a s e a t $ 1 3 0 p e r s h a r e a n d a c c r u e d d iv id e n d s n o t le s s th a n 8 0 % o f th e c o m
m o n s t o c k . O w n e r s o f a m a j o r ity o f th is s t o c k h a v e a c c e p te d t h e o ffer
u p o n t h e e x p r e s s u n d e r s t a n d in g t h a t t h e s a m e o ffe r s h a ll b e m a d e t o a ll
c o m m o n s h a r e h o ld e r s a li k e . M r. W illia m s ' o ffe r h a s b e e n u n d e r a d v is e
m e n t b y t h e m a j o r ity s h a r e h o ld e r s fo r a c o n s id e r a b le t im e a n d t h e y a r e
s a t is f ie d t h a t th e te r m s p r o p o se d a r e t h e b e s t o b t a in a b le a n d t h a t a s a le Is
a d v a n t a g e o u s t o t h e s h a r e h o ld e r s .
I f y o u a s s e n t to t h e p u r c h a s e a g r e e m e n t , w ill y o u p le a s e e x e c u t e a n d d e
p o s it th e s a m e w ith t h e G u a r a n ty T r u s t C o ., N . Y ., or y o u m a y s e n d It to
M r. W illia m s , 6 0 B r o a d w a y , w h o w ill m a k e t h e d e p o s it fo r y o u . T h e m a t
t e r s h o u ld r e c e iv e y o u r p r o m p t a t t e n t io n , a s t h e o p p o r t u n ity fo r p a r t ic ip a t
in g In t h e s a le w ill r e m a in o p e n o n ly fo r a lim it e d p e r io d .— V . 9 4 , p . 3 5 4 , 2 8 1 .
C onsolidated Gas, E le c tric L ig h t & P o w e r Co.— R e d e m p
tio n o f N o t e s .— T h e com pany was on A p r il 15 to redeem b y lo t
a b lo ck of $500,000 (to ta l issue of $4,000,000) 3-year 5 %
c o lla te ra l tru s t gold notes due J u ly 1 1913, a t p a r and accrued
in te re s t, n a m e ly 101.458-, m a kin g , w ith the $500,000 called
fo r p a y m e n t on A p r il 1, a to ta l of $1,000,000 of the issue
re tire d . Com pare V . 94, p. 633, 701, 985.
C o nso lid ated Ice & P o w e r U o. of V a ld o s ta , G a.— S a l e .—
T h e p ro p e rty had been sold to the M u n ic ip a l Service Co. of
P h ila ., H . C. H a rtm a n , P res t., fo r a sum stated as $300,000.
C o rp o ra tio n of U n ite d C ig a r Stores, N e w Y o r k . — S a le o f
S t o c k . — S. M . Stro o ck, counsel fo r the com pany, says:
P r e s id e n t G e o rg e J . W h e la n h a s e ffe c te d th e p u r c h a se o f a la r g e a m o u n t
o f t h e s t o c k , in c lu d in g a ll o f t h e s h a r e s o w n e d b y s u c h o f th e la r g e h o ld e r s
o f t h e A m e r ic a n T o b a c c o C o . s t o c k a s w e r e in d iv id u a l d e f e n d a n t s in th e s u it
b r o u g h t b y t h e G o v e r n m e n t, w it h t h e e x c e p t i o n o f s u c h o f th e s h a r e s a s h a d
a lr e a d y b e e n s o ld b y t h e m . T h e p u r c h a s e a ls o in c lu d e s s h a r e s h e ld b y
o th e r la r g e h o ld e r s o f A m e r ic a n T o b a c c o C o . s t o c k w h o w ere n o t d e f e n d a n t s
in t h e s u it
A ll o f th e 29 d e f e n d a n t s h a v e n o w d is p o s e d o f a ll s h a r e s o f
s t o c k o w n e d b y th e m , a n d in a d d it io n a la r g e a m o u n t o f s t o c k r e c e iv e d b y
o t h e r h o ld e r s o f A m e r ic a n T o b a c c o C o . s t o c k u p o n t h e d is t r ib u t io n m a d e in
a c c o r d a n c e w it h th e d e c r e e , h a s b e e n d is p o s e d o f b y th e m b y s a le s In t h e
o n e n m a r k e t o r o t h e r w is e , s o t h a t n e it h e r t h e A m e r ic a n T o b a c c o C o ., a n y
o f Its s u b s id ia r ie s , a n y o f t h e c o r p o r a tio n s o r I n d iv id u a ls w h ic h w e r e d e
f e n d a n t s in t h e s u i t , o r a n y o f th e c o m p a n ie s o r g a n iz e d p u r s u a n t to th e
d e c r e e , o w n a n y s t o c k o f th e C o r p . o f U n it e d C ig a r S t o r e s .— V .|9 3 , p . 1108_
E m p ire D is t r ic t E le c tric Co.— S a le o f B o n d s . — H e n ry L .
D o h e rty & Co. h a ve sold $1,500,000 40-year 5 % 1st M . bonds
to Lo n d o n bankers, the proceeds to be used to re tire $500,000
6 % notes due M a y 1, to re tire flo a tin g debt and increase
w o rk in g c a p ita l.— V . 94, p. 564.
F e a th e r R iv e r P o w e r & Ir r ig a t io n Co., San F r a n . — N e w
E n t e r p r i s e . — T h is com pany, incorp. in Cal. A p r il 4 1912,
w ith $10,000,000 a u th . stock, has filed a m ortgage to the
M erc. T r . Co. of San F ra n ., as trustee, to secure an issue of
$10,000,000 40-year 5 % bonds.
B a c k e d , It Is s a i d , b y W . P . I la m m o n o f S a n . F r a n ., t h e c o m p a n y p ro
p o se s t o b u ild a p o w e r p la n t In t h e F e a t h e r R iv e r C a n y o n a n d t o Irr ig a te
la n d In B u t t e a n d P lu m a s c o u n t ie s . S . A . M o ss Is P r e s id e n t a n d A . 15.
B o y n t o n , S e c r e t a r y . S e e O ro W a t e r , L t . & P o w . C o . b e lo w .
G o ttlieb - B auernschm id t- S trauss B re w in g Co.— C h a n g e i n
C o n tr o l. — P a y m e n t, i t is stated, was made on A p r il 15 a t the
F id e lity T r u s t Co., B a ltim o re , fo r the m a jo rity stock w hich
accepted th e recent offer, in s u rin g a new m anagem ent.
T h e “ B a ltim o re “ S u n ” re c e n tly said:
I t is s a id t h a t p r a c t ic a lly a ll t h e la r g e h o ld e r s o f s t o c k a n d in c o m e b o n d s
a r e c o - o p e r a t in g in t h e e ffo r t t o g e t I n flu e n tia l o u t s i d e I n te r e s ts , w h o h a v e
e x p r e s s e d a w illin g n e s s t o e n t e r t h e c o m p a n y c o n d it io n a ll y , t o c o m e i n .
P r a c t ic a lly a ll o f t h e s e h a v e g iv e n t h e r e q u ir e d o p t io n s o n a t le a s t h a lf o f
th e ir h o ld in g s [a t $3 a s h a r e fo r t h e s t o c k a n d $ 1 0 fo r t h e In c o m e b o n d s .—
E d .] .— V . 9 3 , p . 6 6 8 .
G u gg enheim E x p lo ra tio n Co., N e w Y o r k . — C h a n g e i n P a r
V a lu e . — T h e shareholders on A p r il 17 approved the change
[VOL. LXXXXIV,
of this s u b s id ia ry of the B e th le h e m Steel C o rp o ra tio n (V . 94,
p. 980). D a te d A p r il 1 1912 and due $90,000 each Jan. 1
fro m 1914 to 1918, b u t callable, a ll o r p a rt, a t p a r on a n y in t.
date on 60 d a ys’ notice. In t . J. & J. T ru ste e, Com m ercial
T r u s t Co. of P h ila d e lp h ia .
Data from Letter of President Wm. 0. Coxc, Wilmington, April 1 1912.
O w n s a t W ilm in g t o n , D e l., s h ip b u ild in g a n d c a r b u ild in g p la n t , a lar ge
d r y d o c k a n d e x t e n s iv e b o ile r s h o p s , In c lu d in g 4 3 H a c r e s o f im p r o v e d la n d
a n d 17 a c r e s o f u n im p r o v e d .
D u r in g la s t 7 y e a r s h a s e x p e n d e d u p o n t h e
p la n t ( c h ie fly fro m n e t e a r n in g s ) a b o u t $ 1 ,2 5 0 ,0 0 0 ; w ill n o w c o m p le t e Its
p la n o f e x t e n s io n a n d I m p r o v e m e n ts . A b o u t $ 2 5 0 ,0 0 0 w ill bo e x p e n d e d
m r e p la c in g tw o o ld ca r s h o p s , In c r e a sin g th e a n n u a l o u t p u t o f p a s s e n g e r
ca r s t o a b o u t 3 4 0 . T o t a l n e t p r o fits p a s t 7 y e a r s , $ 9 2 8 ,8 5 4 , th e g r o s s e a r n
in g s b e in g a b o u t 4 0 % e a c h fr o m t h e s h ip b u ild in g a n d c a r b u ild in g a n d 20%
fro m m a k in g b o ile r s a n d r e p a ir s . A c o n tr a c t j u s t c lo se d for tw o la r g e
S o u n d p a s s e n g e r s t e a m e r s w ill k e e p t h e s h ip d e p a r t m e n t w e ll o c c u p ie d fo r
12 o r 13 m o n t h s .
S h o u ld th e c o m p a n y m o r tg a g e a n y o f t h e p r o p e r tie s n o w o w n e d , th e s e
b o n d s w ill I m m e d ia te ly b e c o m e d u e a n d p a y a b le .
B a la n c e s h e e t D e c . 31 1911 s h o w s : C a p ita l a s s e t s , $ 2 ,2 4 0 ,0 1 9 ; c u r r e n t
a s s e t s , $ 1 ,0 0 0 ,5 4 9 ( m a te r ia ls , s u p p lie s , & e ., $ 5 4 9 ,9 9 0 ; a c c t s . r c e c lv ., $ 3 5 0 ,
19 2 ; c a s h , $ 9 1 ,3 4 3 ; in is c e ll., $ 9 ,0 1 5 ) ; d e fe r r e d c h a r g e s , $ 1 4 ,9 2 5 ; t o t a l, $ 3 ,
2 5 5 ,4 8 4 . O ffse ts: C a p ita l s t o c k o u t s t a n d in g [a ll o w n e d b y B e t h . S t e e l
C o r p .— E d .] , $ 1 ,4 1 0 ,0 0 0 ; c u r r e n t li a b i lit i e s , $ 1 9 7 ,1 1 1 ; r e s e r v e s , $ 5 2 3 ,4 9 3
(fo r d e p r e c ia t io n , $ 5 2 1 ,3 7 9 ) ; s u r p lu s , $ 1 ,1 2 4 ,8 7 9 (a s a t J a n . t 1 9 0 5 , $ 4 8 1 ,0 2 5 - J a n . 1 1 9 0 5 t o D e c . 31 1 9 1 0 , $ 4 3 3 ,4 0 6 ; n e t I n c o m e y e a r 1 9 1 1 , $ 2 1 0 ,4 4 8 ) .
— V . 85, p. 724.
Hawaiian Commercial
&
Sugar Co.-
R e p o r t .— F o r yea r:
C a le n d a r
N e t P r o f it s O th er N e t T o ta l N e t
Y ear—
on S u g a r.
P r o f it s .
P r o fits .
19 1 1
..$ 1 , 7 7 6 , 7 0 1
$ 8 7 ,7 3 1
$ 1 ,8 6 4 ,4 3 2
1910
- - 2 ,2 2 6 ,7 4 2
3 4 ,2 6 5
2 ,2 6 1 ,0 0 7
— V . 9 2 , p . 1113.
D iv id e n d s
P a id .
$1,600,000
1,600,000
B a la n c e ,
B u r p lu s .
$264,432
661,007
International Cotton Mills Corporation.- - N o D i v i d e n d s a t
P r e s e n t . — T h e d irectors on A p r il 13 decided to defer p a y
m e n t of d ivid ends on the $5,748,125 7 % c u m u la tiv e p re
ferred stock. I n Jan. and Oct. la s t q u a rte rly p aym ents
were 1 % each. A n o fficial s ta te m e n t says:
N o t w it h s t a n d in g t h e w o r ld -w id e d e p r e s s e d c o n d it io n s in t h e c o t t o n g o o d s
n d u s t r y d u r in g th e p a s t y e a r ( 1 9 1 1 ), th is c o m p a n y p a id d iv id e n d s o n Its
p r e fe r r e d s t o c k , a n d , n o t w it h s t a n d in g t h e f a c t , h o w e v e r , t h a t fo r t h e p a s t
q u a r te r o f t h e p r e s e n t y e a r t h e b u s in e s s o f t h e c o r p o r a tio n s h o w e d m a r k e d
im p r o v e m e n t, it w a s t h o u g h t a d v is a b le to d e fe r a c t io n fo r t h e p r e s e n t o n
t h e c u r r e n t q u a r te r ly d iv id e n d o n t h e p r e fe r r e d s t o c k o f t h is c o m p a n y ,
o w in g to t h e d e s ir e o f t h e m a n a g e m e n t to m a in ta in it s c a s h r e so u r c e s,
t o e n a b le It to b e t t e r h a n d le t h e la r g e ly in c r e a s e d b u s in e s s o f t h e c o r p o r a
t io n a n d t o a s s i s t in p r o v id in g fo r t h e e x t e n s iv e im p r o v e m e n ts m a d e In th o
p la n t o f c e r ta in m ills o f th e c o r p o r a tio n .— V . 9 4 , p . 5 6 4 , 2 1 1 .
International Motor Co., New York.—P r e f . S to c k — A c q u i
s i t i o n . — E d w a rd B . S m ith & Co., P h ila . and N e w Y o r k , are
offering a t a price to y ie ld o ve r 7 % , c u m u la tiv e pref. 7 %
stock (stock tru s t certificates). A u th o riz e d , $4,000,000;
issued, $3,600,000.
D ivid e n d s Q.-J. 15. F o llo w ed b y
$5,628,125 comm on stock.
Information Furnished by Pres. C. P. Coleman. March|18 1912.
T h e c o m p a n y h a s r e c e n t ly a c q u ir e d t h e e n t ir e I n te r e s t o f t h e I l e w l t t
M o to r C o ., m a n u fa c tu r in g t h e H e w i t t t r u c k , w h ic h w a s o n e o f t h e e a r lie s t
o f t h e A m e r ic a n tr u c k s t o b e p la c e d o n t h e m a r k e t. T h e H e w i t t s h o p s
a r e lo c a te d in a n e w lir e -p r o o f f a c t o r y b u ild in g a t 6 4 t h S t . a n d W e s t E n d
A v c N Y C it y . T h e r e a r e n o w a b o u t 3 0 0 o f t h e s e t r u c k s In s e r v ic e , th e
1 0 -to n t r u c k s b e in g p a r tic u la r ly n o t ic e a b le In N Y . C it y , w h e r e m a n y o f
th e m a r e o p e r a te d w it h g r e a t s u c c e s s in th e c o a l tr a d e — 17 b y o n e c o m p a n y .
H e w i t t tr u c k s a r e a ls o o w n e d b y s o m e o f t h e la r g e s t b r e w e r s , e t c .
T h e M a c k C o m p a n y a t Its p la n t in A lle n t o w n , P a . , is n o w m a k in g a t th e
r a te o f m o r e t h a n 1 ,5 0 0 t r u c k s p e r a n n u m . T h e S a il re r p la n t a t P la in Held N J is in fu ll o p e r a t io n , m a n u fa c tu r in g a t t h e r a t e o f b e tw e e n 3 0 0
a n d 4 0 0 tr u c k s a y e a r , a n d a n in c r e a s e d o u t p u t is n o w b e in g p la n n e d . T h e
I n t e r n a t io n a l M o to r C o . is p r o v id in g fo r a n o u t p u t d u r in g t h e c o m in g fis c a l
y e a r o f o v e r 2 ,0 0 0 tr u c k s . S a le s d u r in g th e th r e e m o n t h s e n d e d F e b . 29
1912 w e r e m o r e t h a n 50 % in e x c e s s o f t h o s e fo r a s im ila r p e r io d in th e
p r e c e d in g y e a r , a n d th e n u m b e r o f o r d e r s fo r tr u c k s c lo se d In F e b r u a r y
1912 w a s o n e -th ir d m o r e t h a n in a n y p r e v io u s m o n th d u r in g t h e lif e o f
t h e th r e e c o m p a n ie s a n d liv e t im e s th e n u m b e r o f tr u c k s s o ld In F e b . 1 9 1 1 .
I n a d d it io n t o t h e d ir e c to r s a lr e a d y a n n o u n c e d [V . 9 3 , p . 1 1 9 4 ], t h e f o l
lo w in g w ill s h o r t ly b e c o m e m e m b e r s o f th e b o a rd : E d m u n d C . C o n v e r s e
(P r e s id e n t B a n k e r s T r u s t C o ., d ir e c to r U . S . S t e e l C o r p .), w h o h a s a ls o
c o n s e n t e d t o b e c o m e C h a ir m a n o f t h e b o a r d , a n d A m b r o s e M o n e ll, P r e s id e n t
I n t e r n a t io n a l N ic k e l C o .
T h e r e a r c n o lie n s a h e a d o f th e p r e f. s t o c k e x c e p t $ 6 8 ,0 0 0 b o n d s a n d
m o r tg a g e s o f tw o o f th e s u b s id ia r y c o m p a n ie s , fo r w h ic h p r o v is io n h a s b een
m a d e . S e e fu r th e r p a r tic u la r s , V . 9 3 , p . 1 1 9 4 , 1 3 8 9 .
Kinloch Long Distance Telephone Co. of Missouri.—E a r n s .
C a le n d a r
G ro ss
N e t (a fte r
B ond
D e p r e c 'n
M ts c e l l.
B a la n c e ,
Y e a r .— E a r n in g s .
T a x e s, & c . ) . I n te r e s t.
H e se rv e. I le s e r v e s .
S u r p lu s
1911
$ 1 ,4 4 8 ,2 7 3
$ 7 3 9 ,7 3 1
$ 2 7 1 ,8 8 7 $ 1 8 0 ,0 0 0
$ 8 ,4 0 0
$ 2 7 9 ,4 4 4
191 0
1 ,4 1 0 ,7 8 4
7 1 0 ,5 3 4
2 6 3 ,0 2 1
1 8 0 ,0 0 0
8 ,4 0 0
2 5 9 ,1 1 3
D iv id e n d s a t th e p r e s e n t r a te o f 6% p er a n n u m o n t h e $ 2 ,8 0 0 ,0 0 0 c a p it a l
s t o c k o u t s t a n d in g c a ll fo r $ 1 0 8 ,0 0 0 y e a r ly . A u t h o r iz e d is s u e o f 1 s t M . os,
$ 5 ,0 0 0 ,0 0 0 , o f w h ic h $ 2 ,5 4 9 ,0 0 0 is o u t s t a n d in g , $ 7 9 8 ,0 0 0 in t r e a s u r y an d
$ 1 ,6 5 3 ,0 0 0 r e se r v e d fo r e x t e n s io n s u n d e r r e s t r i c t io n s .— V . 0 - , p . 1 -- 1 0 .
Lehigh Coal & Navigation Co.— N e io P r e s i d e n t P r o - T e m . —
Lew is A . R ile y , one of the v o tin g trustees and C h a irm a n of
th e E x e c u tiv e C o m m ittee, has been elected P re s id e n t pro tern
pending the selection of u successor to the lu te Iic s id e n t
W . A . L a th ro p .— V . 94, p. 1052, 986.
Madison Square Garden, New York City
— L iq u i d a t i o n . —
T h e shareholders received on A p r il 15 a p a y m e n t of $o0
a
T it l e 't o t h e p r o p e r ty p a s s e d o n F e b . 14 19 1 2 t o t h e " F . & D . C o ., w h ic h
h a d a g r e e d t o p a y $ 3 ,5 0 0 ,0 0 0 th e r e f o r . T w o m o r t g a g e s w e r e t h e n m a d e
b y t h e p u r c h a se r , t h e first m o r tg a g e fo r $ 2 ,3 0 0 ,0 0 0 f o r 3 y c a r s a t 5 % t o
th o T it le I n s u r a n c e C o . o f N . Y .» w h ic h , i t w a s s a id , w o u ld t ia n s f c r i t
t o th e N . Y . L ite I n s . C o .; th e 2 d m t g e . f o r $ 0 5 0 ,0 0 0 t o T h o m a s W . J o y c e
o f B r o o k ly n . T h e c o m p a n y I s a N . Y . c o r p o r a tio n ; a u t h . s t o c k , $ 1 ,2 0 0 ,0 0 0 ,
I s s u e d , $ 6 5 0 ,0 0 0 .
G . L o u is B o ls s e v a in Is P r e s id e n t; G e o . C . C o m s to c k ,
V .- P r c s .; L e s lie R . P a lm e r , S e c .
P r o b a b ly a f t e r 3 y e a r s t h e c o m p a n y w ill
r e p la c e t h e p r e s e n t b u ild in g w ith a m o d e r n 2 5 - s t o r y o ffic e a n d lo ft b u ild
i n g .— V . 9 2 , p . 1 2 4 6 .
Manhattan Beach Estates, New York.—N e w
O ld M o r tg a g e
M o r tg a g e -—
C a n c e le d . — T h e com pany on A p r il 3 filed a
new m ortgage fo r $850,000 to T it le G u a r. & T r.C o ., trustee.
A t th e
years ago
m o r tg a g e
m o r tg a g e
s a m e t im e a c e r tific a te o f s a t is f a c t io n o f t h e ^ ^ f ^ n d e r ’th e^ old
fo r $ 1 ,0 0 0 ,0 0 0 w a s a ls o file d . T he a m o u n t Iss I S l i f 1 T h e n e w
h a s . It Is r e p o r te d , b e e n r e d u c e d b y o v e r
c “ ‘r'v
Is m a d e t o p r o v id e fo r I m p r o v e m e n ts u n d e r w a y .
v . 8 4 , p . U J4.
Marconi Wireless Telegraph Co. of America.
S to c k I n
A p r il 18
in the nu m b e r of shares of c a p ita l stock fro m 220,000 to au th o rized an increase in the c a p ita l stock fro m m ,0(j/ , oU0
880,000 and the p a r v a lu e fro m $100 to $25 per share. Com (of w hich $1,547,500 is o u tsta n d in g ) to $10,000,000, and a
pare V . 94, p. 1059, 696.
red u ctio n in the p a r va lu e fro m $25 to $5 pei snare.
H a rla n & H o llin g s w o rth C o rp o ra tio n, W ilm in g to n , D e l.—
S t o c k h o ld e r s o f r e c o r d A p r il 2 0 a r e o ffe r e d t h e r ig h t, t o ^ M r l b e fo r
B o n d s . — E lk in s , K ru m b h a a r & M o rris, P h ila d e lp h ia , p u r $ 7 ,0 0 0 ,0 0 0 o f t h e s t o c k In t h e p r o p o r tio n o f 2 5 Shar e ? 2 ? , A 1 , ! I ™ ,u ®
f o r e v e r y s h a r e h e ld b y t h e m , r e s p e c t iv e ly ,
10% ($2 p e l sh a r e)
chased la s t week, and have e n tire ly sold a t 100 and in t. , the a($5)
t t h e t im e o f m a k in g th e s u b s c r ip tio n , o n o r b c f o t e M a y 6 , a n d 6 0 /0 on or
to ta l a u th . issue of $450,000 6 % seria l gold d ebenture bonds b e fo r e J u n e 10, o r o p t io n a lly In fu ll o n or b e fo r e M a y 0 .
c r e a s e d — S u b s c r ip tio n R ig h ts . — T h e stockholders
THE CHRONICLE
A pr . 20 1912.]
A ll s u b s c r ip t io n s a n d p a y m e n t s m u s t b e m a d e t o t h e C o r p o r a tio n T r u s t
C o ., th e r e g is te r e d a g e n t , 15 E x c h a n g e P la c e , J e r s e y C it y , N . J .
S to c k h o ld e r s w h o h a v e n o t h e r e to fo r e e x c h a n g e d t h e o ld c e r t if ic a t e s
(p a r S 100) fo r t h o s e o f $ 2 5 e a c h , a s p r o v id e d b y t h e a m e n d m e n t t o t h e c h a r
te r , m a y n o w e x c h a n g e e a c h $ 1 0 0 s h a r e fo r 5 s h a r e s o f $5 p a r v a lu e , a n d
m a y , c ith e r b e fo r e o r a fte r s u c h e x c h a n g e , s u b s c r ib e fo r t h e n c w s t o c k o ffe r e d
o n t h e b a sis a b o v e s t a t e d for h o ld e r s o f $ 2 5 s h a r e s . S e c V . 9 4 , p . 9 1 5 , 4 3 .
Miami Copper Co.—R e s u l t s .—For calendar year 1911:
S a le o f 14 9 7 0 557 lb s . o f c o p p e r a t 1 3 .0 3 c ., $ 1 ,9 5 0 ,6 6 9 ; a ll e x p e n s e s ,
$ 1 ,3 9 6 ,0 9 2 - r e c e iv e d from s a le o f s ilv e r a n d h o u s e r e n t a ls , $ 3 3 ,2 7 3 ; b a la n c e .
$ 5 8 7 ,8 5 0 - in t e r e s t o n b o n d s , & c .. $ 9 8 ,2 4 6 ; b a la n c e , s u r p lu s , $ 4 8 9 ,6 0 3 .
O n e s e c t io n o f th e c o m p a n y ’s m ill w a s s t a r t e d o n M a rch 15 1 9 1 1 , t h e
p r o d u c tio n b e in c r e a s e d fro m t im e t o t im e u n t il t h e e n d o f t h e y e a r ,
w h e n fiv e s e c t io n s w e r e r u n n in g , t r e a t in g a b o u t 2 ,5 0 0 t o n s d a lly . T h e s ix t h
s e c t io n w a s c o m p le te d a b o u t F e b . 15 19 1 2 a n d t h e e n t ir e p la n t is n o w o p e r
a t in g w it h a d a ily c a p a c it y o f 3 ,0 0 0 t o n s . — V . 9 4 , p . 9 8 6 .
Nashville (Tenn.) Gas Co.—S a l e .—See Nashville Gas &
Heating Co. below.— V. 92, p. 730.
Nashville (Tenn.) Gas
&
C o .—The
H eating Co.— F r a n c h is e
to N e w
electors voted April 15, 3,201 to 1,844, to grant
to the company the 40-year franchise passed by the City
Council Oct. 9 1911 and approved by Mayor Howse Oct. 10.
The franchise provides in effect:
T h a t t h e c o m p a n y m a y a c q u ir e t h e N a s h v ille G a s C o . b y s a le , le a s e or
o t h e r w is e , a n d Is t o e x p e n d w it h in 5 y e a r s a t le a s t $ 5 0 0 ,0 0 0 fo r Im p r o v e
m e n t s o r e x t e n s io n s t o t h e p r e s e n t p la n t .
T h e g r a n t t o t h e N a s h v ille
G as C o. a p p r o v e d l-’c b . 20 19 0 0 is t o b e s u r r e n d e r e d .
R a t e fo r g a s Is n o t to
e x c e e d $1 10 p er 1 ,0 0 0 c u . f t . , w it h 10 c t s . d is c o u n t If b ills a r c p a id w ith in
5 d a y s a f t e r b e in g r e n d e r e d . A t I n te r v a ls o f 10 y e a r s t h e r a te s a r e t o b e
fix e d b y a r b it r a t io n , b u t a r c n o t t o e x c e e d $1 10 p er 1 ,0 0 0 c u . f t .
T h e su m
o f $ 1 0 0 ,0 0 0 is t o be p a id t o t h e c i t y w it h in 10 d a y s a f t e r t h e e le c t io n a n d
5% o n t h e g r o s s r e c e ip t s fr o m g a s a n d b y - p r o d u c t s ( p a y a b le h a lf - y e a r ly ) ,
u n le s s a n d u n t il t h e M a y o r a n d C ity C o u n c il a n d v o t e r s a t a n e le c t io n h e ld
fo r t h e p u r p o s e s h a ll g r a n t a lic e n s e t o a n y o th e r c o m p a n y t o e n g a g e In t h e
s a m e o r s im ila r b u s in e s s o r th e c i t y Itse lf s h a ll e n g a g e t h e r e in . T h e c i t y
t o h a v e t h e r ig h t t o p u r c h a s e a t a fa ir v a lu a t io n t o b e fix e d b y a r b itr a tio n
a t a n y t im e a f t e r 30 y e a r s o n 12 m o n t h s ’ n o t ic e . C o m p a r e N a s h v ille G as
6 F u e l C o ., V . 9 2 , p . 1 9 2 , 5 3 0 .
New York Dock Co.— D i v i d e n d O m itte d — S t a t u s .—The
directors decided on March 19 to omit the semi-annual divi
dend, usually paid this month, on the $10,000,000 (5%
non-cum.) prof, stock. Last October only 1% was paid.
Brest. F. S. Landstreet, in a circular dated March 19, said:
T h e s u r p lu s e a r n in g s fo r t h e s i x m o n th s e n d e d D e c . 31 1 9 1 1 , a f t e r d e d u c t
in g ta x e s a n d a ll c h a r g e s , w e r e $ 4 2 ,9 9 0 . T h e lo s s In e a r n in g s w a s p ra c
t ic a lly e n t ir e ly d u e t o t h e c o n t in u e d d e p r e s s io n in t h e s t o r a g e b u s in e s s ,
t o g e t h e r w ith a n in c r e a s e o f a b o u t $ 1 3 ,0 0 0 In t a x e s . S in c e t h e a n n u a l
r e p o r t [c ite d In “ C h r o n ic le ” o f O c t. 14 1 9 1 1 , p . 1019] t h e c o n d it io n s In th e
s h ip p in g h a v e s o m e w h a t I m p r o v e d , th e r e v e n u e fr o m p ie r r e n ta ls havingin c r e a s e d fo r th e 6 m o s . $ 1 3 ,0 0 0 . T h e n e t e a r n in g s fo r t h e p e r io d d e
c r e a se d $ 1 2 1 ,0 5 2 , o r 1 0 y 2 % : t h e e x p e n s e s d e c r e a s e d $ 4 2 ,6 1 6 , o r 12 '/> % ,
w it h o u t c u r t a ilm e n t In u p - k e e p .
B y r e a so n o f o u r f a c ilit ie s fo r s h ip p in g b o th b y w a te r a n d r a il, i t lia s
b e e n fo u n d t h a t a v e r y s a t is f a c t o r y r e v e n u e c a n b e o b t a in e d fr o m m a n u
fa c t u r in g a n d w h o le s a le c o n c e r n s e s t a b lis h e d o n th e u p la n d p r o p e r t y o n
lo n g -te r m le a s e s .
I n a d d it io n t o th e tw o m a n u f a c t u r in g lo f t b u ild in g s
p r e v io u s ly p la c e d u n d e r c o n t r a c t (V . 9 3 , p . 101 9 ) th e c o m p a n y h a s c lo se d
le a s e s d u r in g th e p a s t 3 0 d a y s w ith tw o m a n u f a c t u r in g c o n c e r n s fo r th e
c o n s t r u c t io n o f b u ild in g s o n p r o p e r ty w h ic h is n o w n o n - p r o d u c t iv e . T h e s e
le a s e s a r c m a d e u n d e r lo n g te r m s a n d o n a v e r y s a t is f a c t o r y b a s is .
W e h a v e s u f f ic ie n t c a s h o n h a n d t o c o m p le t e a ll c o n s t r u c t io n a u t h o r iz e d .
P ie r r c p o n t S t o r e s N o s . 4 8 t o 53 in c l. h a v e b e e n r e m o d e le d in to fir e p r o o f
b u ild in g s , w ith c o m p le t e s p r in k le r s y s t e m , a d d in g 2 8 6 , 0 0 0 s q . f t . o f fire
p r o o f s t o r a g e s p a c e , w h ic h c a r r ie s a r a t e o f in s u r a n c e 10% o f t h e p r e v io u s
r a te , b o th o n b u ild in g a n d c o n t e n t s .— V . 0 3 , p . 1 1 6 9 .
Niagara Falls Power Co.— C o m b in e d
3 M o s .en d .
G ro ss
M c h . 3 1 - K a r n in a s .
1912
_ .$ 6 1 1 ,7 8 5
1911 ................ 5 5 1 ,3 0 2
— V. 91. p. 2 0 4 , 127.
N et
E a r n in g s .
$ 4 7 8 ,9 9 6
4 3 6 ,3 3 1
O ther
in c o m e .
$ 1 1 ,5 1 5
1 2 .1 0 6
I n c o m e A c c o u n t. —
F ix e d
C h a r g e s ,& c .
$ 3 0 5 ,1 7 0
3 1 7 ,4 5 5
B a la n c e ,
S u r p lu s .
$ 1 8 5 ,3 4 1
1 3 0 ,9 8 2
N orthern Colorado Power Co.— E x te n s io n o f N o t e s .—
The time of payment of the principal of the 8450,000 2-year
6% collateral trust notes due May 2 1912 will be extended
until May 2 1913, with interest at 6% per annum (the lien
to continue unimpaired) if presented for endorsement as
to the extension) prior to May 2 at the International Trust
Co., Denver, ex May 2 1912 coupon. A premium in cash
amounting to 1% of the face amount of the notes so ex
tended will be paid to holders.
H o ld e r s n o t d e s ir in g t o e x t e n d th e ir n o t e s m a y r e c e iv e t h e fa c e a m o u n t
th e r e o f lu c a s h u p o n s u r r e n d e r o f th e ir n o t e s a t t h e o ffice' o f ll a ilg a r t e n &
C o ., 5 N a ss a u S t . , N . Y . C ity , o r I n te r n a tio n a l T r u s t C o ., D e n v e r , o n a n d
a f t e r M a y 2 1 9 1 2 . -V . 9 3 , p . 1 3 8 9 .
O’Gara Coal Co., Chicago. —E a r n i n g s .—For year:
G ro s s
N et
O ther
F ix e d D ep rec'n
D a l.,
P e r io d
E a r n in g s . P r o f it s . I n c o m e .C h g s .,& c . A S u r id .
S u rp.
C oh ered—
$
$
$
$
$
$
Y e a r e n d . O c t .31 ’l l .3 ,6 7 1 ,4 6 0 4 2 2 ,2 18 5 7 ,7 1 4 1 4 4 ,7 9 1
5 1 ,3 6 1 2 8 3 ,8 1 0
P e r . e n d . O c t .31 ’ 10 4 ,1 0 4 ,1 7 0 5 2 4 ,5 1 8 1 5 5 ,9 4 0 1 0 1 ,1 8 2 1 0 4 ,6 6 7 1 7 4 ,6 1 5
T h e p eriod e n d in g O c t. 31 1910 Is a n a u d it p erio d In e x c e s s o f o n e y e a r .
T o t a l s u r p lu s O c t. 31 1911. $ 5 6 8 , 5 1 2 .
N e t p r o fits o f s u b s id ia r y c o m p a n ie s
fo r y e a r 1 9 1 0 -1 1 , n o t I n c lu d e d a b o v e . $ 4 ,2 5 1 .— V . 9 4 . u . 4 9 0 .
Ontario Power Co. of N iagara F alls.— E a r n i n g s .—
3 M o .e m l. S a le o f
G o v t.
G r o ss
N et
O ther
I n te r e s t
B a t.,
M c h . H I— P o w e r .
I le n to l. I n c o m e .
E arn s.
In c.
C lig e s.
S u rp.
1912
$ 281,66.8 $ 1 6 ,2 2 6 $ 2 7 5 ,4 4 2 $ 2 3 0 ,5 8 9 $ 3 0 ,2 6 6 $ 1 8 6 ,9 3 5 $ 7 3 ,9 2 0
1911
2 2 0 ,0 5 7
1 3 ,9 7 9
2 0 6 ,0 7 8
1 7 1 ,0 2 5
2 2 ,8 6 9
1 6 1 ,3 5 5
3 2 ,5 3 9
— V’ . 9 4 , p . 2 8 4 .
1123
o f t h e la t t e r ’s la r g e r e fin in g p la n t a t O ilp o r t, n e a r P o r t H a r fo r d , C a l., a n d
a ls o o f t h e 3 5 - m lle e ig h t - in c h p ip e lin e w h ic h c o n n e c t s t h e r e fin e r y w it h th e
G r a c io s a O il C o .'s p r o p e r ty in th e S a n t a M a r ia fie ld .
N e it h e r t h e r e fin e r y
n o r t h e p ip e lin e h a d b e e n o p e r a te d fo r s o m e t im e , o w in g t o t h e fa ilu r e o f
t h e G r a c io s a C o m p a n y ’s w e lls .
•
Peerless Motor Car Co., Cleveland. —B o n d s .—The com
pany, it is stated, has made a first mortgage to the Superior
Savings & Trust Co. of Cleveland, as trustee, to secure
$1,100,000 6% serial bonds, due serially in from 1 to 12 years,
all underwritten by Cleveland bankers. The Tillotson &
Wolcott Co. of Cleveland is placing the issue. The Cleveland
“ Plain Dealer” April 17 said:
T h e r e h a s a ls o b e e n is s u e d $ 3 0 0 ,0 0 0 a d d i t io n a l s t o c k . T h e p r o c e e d s o f
t h e b o n d s a n d s to c lc w ill t a k e c a r e o f t h e f lo a t in g d e b t a n d e n a b le f u r th e r
d e v e l o p m e n t o f t h e m o t o r tr u c k d e p a r t m e n t . T h e c o m p a n y h a s it s p la n t
a t Q u in c y A v c . a n d E a s t 9 3 d S t . , C le v e la n d , a n d it o w n s t h e g r o u n d a n d
n ln c - s t o r y b u ild in g o c c u p ie d b y It e x c lu s i v e ly o n B r o a d w a y n e a r 5 7 th S t . ,
N . Y . C ity ;.a ls o t h e P e e r le s s M o to r C a r C o s. o f N . Y . , 111. a n d N e w E n g la n d ,
it s d is t r ib u t in g a g e n t s .
I t s r e a l e s t a t e , b u ild in g s a n d m a c h in e r y , a f t e r
d e p r e c ia t io n c h a r g e s , a r e a p p r a is e d a t $ 2 ,3 2 0 ,0 0 0 . T h e r e a r c n o o t h e r
b o n d s . T h e m o r tg a g e r e q u ir e s t h e c o m p a n y t o k e e p n e t q u ic k a s s e t s a t
a ll t im e s e q u a l t o t h e b o n d s o u t s t a n d in g .
N e t e a r n in g s o v e r a p e r io d o f
y e a r s a r e g iv e n a t o v e r $ 6 0 0 ,0 0 0 o n a y e a r ly a v e r a g e b a s is .
L . H . K ittr e d g e Is P r e s .
[A t la s t a c c o u n t s t h e a u t h . s t o c k w a s $ 3 ,0 0 0 ,0 0 0 , o u t s t a n d
in g $ 1 ,2 0 2 ,4 0 0 , p a r $ 1 0 0 .1 — V . 8 8 , p . 1 1 8 3 .
Providence (R. I.) Gas Co.—S l o c k . —Gov. Pothier has
signed the bill providing for an amendment to the charter
authorizing an increase of capital stock from $5,000,000
(all of which except $100,000 lias been issued) to $10,000,000,
to allow for the growth of the company’s business. In
recent years, at least, new stock issues have been put out
at par.—V. 90, p. 506.
Rail & River Coal Co., P ittsb u rg h . — S a l e C o n c lu d e d .—See
Grand Trunk Ry. under “Railroads” above.—Y.93,p .1793.
M. Rum ely Co.— A p p l i c a t i o n to L i s t .—The company has
applied to the New York Stock Exchange to list $10,000,000
preferred stock.—V. 94, p. 921, 491.
' (The) St. Louis County Gas Co.— S u c c e s s o r C o m p a n y .—
This company, incorporated in Missouri March 28 1912, has
taken over the properties and franchises of the old St. Louis
County Gas Co. Controlled, it is understood, by the North
American Co., as was the old company. (V. 92, p. 1105).
A u th o r iz e d c a p it a l s t o c k , $ 1 ,0 0 0 ,0 0 0 , a ll o f o n e c la ss ; Issu ed a n d o u t
s t a n d in g , $ 5 0 0 ,0 0 0 : u s e d t o p a y o ff a s im ila r a m o u n t o f S t . L o u is C o u n ty
G a s C o .'s s to c lc . T h e n e w c o m p a n y lia s m a d e a m o r t g a g e t o t h e H a r r is
T r u s t & S a v in g s B a n k o f C h ic a g o a n d F e s t u s J . W a d e , a s t r u s t e e s , t o s e c u r e
a n a u th o r iz e d is s u e o f $ 3 0 ,0 0 0 ,0 0 0 1 st AI. 5% g o ld b o n d s d a t e d A p r il 1
19 1 2 a n d d u e A p r il 1 1 9 5 1 , b u t s u b j e c t to c a ll o n o r a f t e r A p r il 1 1 9 1 7 , a t
105 a n d ln t .; p a r $ 1 ,0 0 0 , $ 5 0 0 a n d $ 1 0 0 .
In te rest d a te s A . & O.
O f th e
b o n d s th e r e a r e o u t s t a n d in g $ 7 0 0 ,0 0 0 o f $ 1 ,0 0 0 d e n o m in a t io n . 1 'h cr e h a s
r e c e n t ly b e e n p la c e d In o p e r a t io n a w a te r -g a s p la n t , c a p a c i t y 1 ,5 0 0 ,0 0 0
cu . ft. o f gas per d a y .
O fficers: P r e s ., J . D . M o r tim o r c , N . Y .; V le c -P r e s ., A . C . E in s t e in ; S e c .,
S . I I . W a lla c e ; T r e a s ., P . F . S c h r o r e s , a ll o f S t . L o u is .— S e e V . 9 0 , p . 3 7 7 ;
V. 84, p .342.
San Joaquin (Cal.) L ight & Power Corporation. — P r e
f e r r e d S to c k , & c .—Louis
Sloss & Co., San Fran., Cal., and
Sacramento, who recently offered preferred stock, report:
D iv id e n d s , 6% c u m u la t iv e , p a y a b le I H % Q .- J .
Par, $100.
N o in
c r e a se o f c a p it a l s t o c k w it h o u t t h e a s s e n t o f 7 5 % o f t h e o u t s t a n d in g s to c k
o f e a c h c la s s , c o m m o n a n d p r e fe r r e d . A ll n e w c o n s t r u c t io n a n d e x t e n s io n s
u n d e r s u p e r v is io n a n d s u b je c t to a p p r o v a l o f J . G . W h ite & C o . C a p ita liz a
tio n : P r e f. s to c lc . a u t h ., $ 1 0 ,0 0 0 ,0 0 0 ; Issu e d , $ 6 ,5 0 0 ,0 0 0 ; c o m m o n s t o c k ,
a u t h .. $ 1 5 ,0 0 0 ,0 0 0 ; is s u e d , $ 1 1 ,0 0 0 ,0 0 0 ; b o n d s a u t h ., $ 2 5 ,0 0 0 ,0 0 0 ; is s u e d ,
$ 6 ,4 9 6 ,0 0 0 (V . 9 3 , p . 4 1 2 ) .
C a l. Y e a r .
C ro ss.
O p .E x p .& T a x . B d .
I n t.& S .F d .
B a t.,S u r p .
19 1 0
$ 9 8 1 ,2 5 2
$ 3 7 4 ,7 7 8
$ 1 9 1 ,2 4 3 x
$ 4 1 8 ,2 3 1
1911
1 ,1 0 6 ,3 0 3
4 8 3 ,7 6 5
3 1 0 ,0 2 7 x
3 1 2 ,5 1 1
1912 ( e s t . ) _______1 ,3 2 7 ,0 0 0
--------------$ 8 9 7 ,0 0 0 --------------4 3 0 ,0 0 0
x D o e s n o t in c lu d e in t e r e s t o n flo a tin g d e b t , n o w li q u id a t e d .
In" t h e la t t e r p a r t o f 1911 a d d it io n a l n e w e q u ip m e n t w a s p u t in t o o p e r a
t io n a n d t h e c o m p a n y a t o n c e b e g a n in c r e a s in g it s s a le s . T h e e s t im a t e d
In c r e a se fo r 19 1 2 o f 2 5 % in g r o ss s a le s is b a se d u p o n n e w c o n t r a c t s c lo s e d
a n d o th e r s p e n d in g .
M a x im u m o u t p u t D e c . 31 1911 w a s 1 3 ,4 0 0 h . p .;
c a p a c i t y o f e le c t r ic a n d s t e a m p la n t s , 3 5 ,0 0 0 h . p .
E a r ly In 1 9 1 1 , In s t a n d
a r d iz in g t h e r a te s , a m a te r ia l r e d u c tio n w a s m a d e in c e r t a in c o m m u n it ie s ,
m a t e r ia lly in c r e a s in g c o n s u m p t io n . T h is , w ith t h e e n t ir e ly n e w t e r r ito r y
n o w b e in g d e v e lo p e d a n d t h e g r o w th In p o p u la t io n t h r o u g h o u t t h e t e r r ito r y
s e r v e d , p r o m is e s a c o n tin u e d s u b s t a n t ia l in c r e a s e in g r o s s e a r n in g s w it h o u t
a n y m a te r ia l in c r e a s e In t h e o p e r a t in g c o s t .
H a s in o p e r a tio n th r e e h y d r o - g e n e r a t in g p la n t s , c o m b in e d c a p a c i t y 2 5 ,
0 0 0 h . p ., w h ile t h e c o n c r e t e d a m a t t h e m o u t h o f t h e C ra n e V a lle y h a s m a d e
p e r m a n e n t a m o u n ta in la k e w it h a c a p a c i t y o f 5 0 ,0 0 0 a c r e f e e t — s u f f ic ie n t
to In su re t h e m a x im u m o p e r a tio n o f a ll p la n t s d u r in g a ll s e a s o n s .
H as
6 7 6 m ile s o f tr a n s m is s io n lin e s a n d 5 6 3 m ile s o f d is t r ib u t in g lin e s .
S ta te m e n t I n d ic a tin g N e w C o n str u c tio n C o m p le te d in 1 9 1 0 -1 1 .
A u g . 1 ’10.
D e c . 31 ’ l l .
R e s e r v o ir c a p a c i t y ____________________________a c r e f c e t - 4 , 3 0 0
5 0 ,0 0 0
H y d r a u lic g e n e r a tin g c a p a c i t y ---------------------------- h . p . 6 , 5 0 0
2 5 ,0 0 0
S t e a m _____________________ ______ - .................................h . p . 1 , 3 0 0
1 0 ,0 0 0
M iles tr a n s m is s io n l i n e s _______________________ m i l e s . 3 4 2
676
A llies d is t r ib u t in g l i n e s ___________________________ m i l e s . 2 7 2
563
G as Is d is t r ib u t e d in B a k e r s fie ld , K e r n , A lerced a n d S e lm a a n d a s t r e e t
r a ilw a y s y s t e m o p e r a te d In B a k e r s field a n d K e r n .
O ffic e r s a n d d ir e c to r s : W . G . K e r c k h o ff, P r e s id e n t , a n d A . C . B a lc h ,
V ic e -P r e s ., r e s p e c t iv e ly P r e s id e n t a n d d ir e c to r o f P a c ific L ig h t & P o w e r
C o r p o r a tio n ; L . AI. F a r n h a m , S e c .; K a s p a r e C o h n , T r e a s .; A . H a a s , C y ru s
P e ir c e o f N . W . H a ls e y & C o . C o m p a r e V . 9 3 , p . 4 1 2 , 5 3 7 ; V . 9 4 , p . 9 2 1 .
Sm art Bag Co., M ontreal. — D i v i d e n d I n c r e a s e d .—
Q u a r te r ly d iv id e n d s o f 1 J£% e a c h h a v e b e e n d e c la r e d o n t h e $ 4 5 0 ,0 0 0
Pacific L ight & Power Corporation, Los A ngeles.—De c o m m o n a n d $ 6 0 0 ,0 0 0 p r e f. s t o c k , p a y a b le J u n e 1 t o h o ld e r s o f r e c o r d
Is a n In c rea se o f 2 % In t h e y e a r ly r a t e o n t h e c o m m o n , a
scription o f C o m p a n y ’s S y s t e m i n S o u th e r n C a l i f o r n i a . —Full dMisatyr ib2 5u.t io nT hoisf 5%
h a v in g b een m a d e o n A p r il 15 1 9 1 1 fo r t h e y e a r e n d in g
data regarding the properties of this important public service F e b . 2 8 1 9 1 1 .— V . 8 6 . p . 7 2 5 .
corporation are contained in an article by Robley Sibley,
Southern New England Telephone Co.— D i v i d e n d I n
just reprinted in handsome illustrated form from the “Journal c r e a s e d .—A quarterly dividend of 1 % % was paid April 15
of Electricity, Power & Gas’’ of San Francisco, and sent out on the $8,792,800 stock, comparing with 1H% quarterly for
by Louis Sloss & Co. of that city. See V. 94, p. 034, 356.
many years, increasing the rate from 6% to 7% yearly.—
Palm er Union Oil Co.—S o l d . — A majority of the $8,000, V. 94, p. 555, 420.
000 stock was sold on or about March 29 to the Imperial
Spring Valley W ater Co., San Francisco, Cal.—R e p o r t .—ss
O p e r a tin g B d ., & c ., D e p r e c 'n & D iv i d 'd s .
B a la n c e ,
Foreign Corporation of London, in which Alexander McNab CYael.a r — R e v e n uGero
.
E x p e n s e s . I n te r e s t.
C o n itn .F d s . 1 2 % ).
S u r p lu s .
and prominent English statesmen and Cunard SS. stock 1911
$ 2 ,9 9 3 ,3 3 6 $ 1 ,0 5 7 ,1 8 7 $ 7 2 1 ,3 3 9
$ 5 0 0 ,0 0 0 $ 5 6 0 ,0 0 0
$ 1 5 4 ,8 1 0
19 1 0
2 ,8 9 8 ,9 6 3
1 ,1 0 0 ,0 6 5
7 1 4 ,3 6 0
4 3 0 ,0 0 0 5 6 0 ,0 0 0
9 4 ,5 3 8
holders are said to be interested.
T h e P a lm e r U n io n O il C o . w a s In c o r p o r a te d In C a lifo r n ia o n D e c . 4 191 0
w it h $ 6 ,0 0 0 ,0 0 0 o f a u t h . c a p it a l s t o c k in $1 s h a r e s , a n d o n o r a b o u t O c t. 3 0
1911 to o k o v e r t h e p r o p e r ty o f th e P a lm e r O il C o . (p r o d u c tio n fo r y e a r 1 9 l o
l l r e p o r te d a s 1 ,0 1 1 ,7 8 0 b b l s .— t o t a l d iv id e n d s p a id In 2 8 m o n t h s 6 4 % ) ,
o n th e b a sis o f a n e x c h a n g e o f t h e la t t e r ’s $ 2 ,0 0 0 ,0 0 0 s t o c k , fo r $ 2 ,0 0 0 ,0 0 0
s t o c k o f t h e P a lm e r U n io n O il C o . a n d $ 2 ,0 0 0 ,0 0 0 In Its 6 % 2 0 - y e a r g o ld
b o n d s , ln t . A . & ( ) . T h e p r o p e r tie s a r e lo c a t e d in t h e C a t C a n y o n r e g io n
o f S a n t a M arla, C a l., e m b r a c in g , It Is s a id , 3 ,3 6 0 a c r e s a n d 12 o r 13 w e lls,
o f w h ic h in O c to b e r la s t fiv e h a d b e e n c o m p le t e d , a ll o f t h e m o w n e d b y th e
P a lm e r o i l C o.
Hi N o v e m b e r la s t a d e a l w a s r e p o r te d t o h a v e b e e n c o n c lu d
w it h thf> J . L . U a m p r e c h t I n te r e s ts o f C le v e la n d , O h io , fo r th e u s e
— V . 94, p. 491.
Standard Cordage Co.— S a le C o n f i r m e d .—Judge Martin
in the Supreme Court at Boston on April 16 confirmed the sale
of the Massachusetts properties at foreclosure sale for
$150,000 the upset price, to a representative of the
bondholders’ committee, who also purchased the plants in
New York and New Jersey, all of which are covered by the
first mortgage.—V. 94, p. 634.
1134
THE CHRONICLE
Standard Roller Bearing Co., Philadelphia.— I n c r e a s e o f
certificate was filed on April 13 in the office of the
Secretary of State of New Jersey of an increase in the author
ized stock from $5,000,000 (consisting of $4,000,000 common
and $1,000,000 6% non-cum. pref.) to $8,000,000 ($3,000,
000 1st pref., $1,000,000 2d pref. and $4,000,000 common).
S t o c k . —A
O f t h e c o m m o n s t o c k . S 2 ,7 2 5 ,8 5 0 a n d a ll o f t h e o ld (n o w s e c o n d ) p r e f.
is o u t s t a n d in g . I .e n o x S m it h . P i e s .; S . H o w a r d S m it h .S e c .— V . 9 9 ,p . 1 1 4 4 .
Steel Co. of Canada, L td .—E a r n i n g s .
P e r io d
P r o f it s la f te r D e p r e c ’n , I n t. on M is c e lP r e fe r r e d
B a la n c e
C o v e re d — M a i n t . .A c . ) R e n ' ls .A c . B d s . A M . la ri's.
D iv id e n d s .
S u r p lu s .
C a l. y r . ’l l . $ 1 ,3 7 3 ,5 2 3 $ 1 0 0 ,0 0 0 $ 4 4 2 ,1 0 0 $ 3 0 ,0 0 0 ( 7 % )$ 4 5 4 ,7 1 1 $ 3 3 7 ,6 8 1
L a s t h a l f ’10
7 8 3 .C65 1 0 4 ,0 7 1 2 0 6 ,3 0 5 ________
( 3 ^ ) 2 2 7 ,3 7 1 2 4 5 ,0 1 8
''M is c e lla n e o u s ” a s a b o v e in 1911 r e p r e s e n ts th e c o s t o f u n d e r w r itin g a n d
s t a m p i n g o f b o n d s o f t h e S t e e l C o. o f C a n a d a , L t d .— V . 9 3 , p . 7 3 4 .
Swan & Finch Co., New York.— I n c r e a s e o f S to c k . — The
stockholders will vote on May 7 upon a proposition to increase
the capital stock from $100,000 to $500,000 (par of shares
$100 each). James C. Peabody is President and John T.
Lee, Secretary.
Torrington Co., Boston, M ass. — I n c r e a s e o f S to c k —A c q u i
s i t i o n . —The stockholders will vote on April 24 on increasing
the authorized stock from $3,200,000 (consisting of $2,200,
000 common and $1,000,000 pref.) to $4,500,000, by issuing
$1,300,000 additional common stock (par value $25).
S to c k h o ld e r s w ill b e a s k e d t o a u t h o r iz e t h e p u r c h a s e o f th e r e m a in in g
$ 3 7 2 ,0 0 0 p ar v a lu e o f th e $ 1 ,2 0 0 ,0 0 0 c a p it a l s t o c k o f t h e .S ta nd a rd C o. n o t
a lr e a d y o w n e d , a n d to is s u e in p a y m e n t th e r e fo r $ 2 7 9 ,0 0 0 , p a r v a lu e , o f th e
n e w c o m m o n s to c k ; a n d a ls o t h e o ffe r o f $ 9 6 0 ,0 0 0 n e w s t o c k for s u b s c r ip
t io n a t par pro r a ta to t h e e x t e n t o f th r e e - t e n t h s o f th e ir h o ld in g s b y
p r e s e n t s to c k h o ld e r s , b o th c o m m o n a n d p re fe r r e d ; a n d th e d is p o s itio n o f
th e b a la n c e o f t h e $ 1 ,3 0 0 ,0 0 0 n e w s t o c k o v e r a n d a b o v e t h e $ 1 ,2 3 9 ,0 0 0
a b o v e refe rre d to , a n d o f a n y p o r tio n o f th e $ 9 6 0 ,0 0 0 s t o c k n o t su b s c r ib e d
fo r b y th e s h a r e h o ld e r s .
P r e s id e n t A lv o r d in a c ir c u la r s a y s ;
“ T h e c o m p a n y is a ls o in a p o s itio n
t o a c q u ir e a c o n t r o llin g in t e r e s t in t h e b u s in e s s o f tile C . F . S p lltd o r f C o .,
w h ic h is e n g a g e d , a m o n g o t h e r t h in g s , in th e m a n u fa c tu r e o f m a g n e to s ,
a n d it is p r o p o se d t h a t a s u b s t a n t ia l p o r tio n o f th e ca sh w h ich m a y b e
r a ise d b y th e is s u e o f t h e n e w s t o c k s h a ll b e u se d in a c q u ir in g su c li a c o n
tr o llin g in te r e s t, th e b a la n c e o f tiie c a s h r e a liz e d fro m t h e n e w s to c k w h ic h
m a y n o t b e n e e d e d for t h a t p u r p o s e t o b e u se d for th e g e n e r a l p u r p o s e s
o f t h e |c o m p a n y .” — V . 9 3 , p . 1 3 2 3 .
U nited States Gypsum Co., Chicago.— R e p o r t. — For year:
C a le n d a r
N et
B ond
R e p a irs ,
B ond
P re f.
B a la n c e ,
Y ear—
P r o f it s .
R e s e r v e , l ) e p r ..& c . I n t ., A c .
D ie s .
S u r p lu s
1911
. . $ 5 6 6 ,8 3 5
.............
$ 1 7 1 ,9 1 4
$ 3 2 ,5 5 2
$ 2 2 4 ,5 1 1
$ 1 3 4 ,8 5 8
1910
. 6 5 1 ,1 1 8
5 0 ,0 0 0
1 1 8 ,1 1 1
2 9 ,0 2 8
2 1 9 ,7 3 3
2 0 3 ,9 4 3
P r e f. s t o c k o u t s t a n d in g D e c . 31 1 9 1 1 , $ 1 ,3 0 2 ,9 0 0 ; c o m m o n s to c k , $ 2 ,
2 4 9 ,6 0 0 ; 5 -y r . 0% g o ld n o t e s , $ 1 ,5 0 0 ,0 0 0 .— V . 9 4 , p . 7 0 3 , 2 8 5 .
United States Independent Telephone Co., Rochester.—
N. Y.— V e r d ic t A g a i n s t P r o m o te r s A f f i r m e d . —The Court of
Appeals at Albany on April 12 affirmed the decision of the
lower courts in the test suits against the promoters brought
by Charles M.-Lane and Frank H. Downey to recover $4,000
and $1,000 respectively, paid by them in the purchase of
bonds, on the ground that there were misleading statements
in the prospectus. Many similar suits are pending in the
lower courts. Compare V. 93, p. 1480, 290.
United States Smelting, Refining & Mining Co., Boston.—
O f fe r in g o f $10,000,000 6 % o - Y e a r C o a l C o . N o te s U n
c o n d i t i o n a ll y G u a r a n te e d . —Lee, lligginson & Co., New York,
Boston and Chicago, and Higginson A Co., London, are
offering at par and int. by advertisement on another page,
the unsold portion of the total auth. issue of $10,000,000
6% 5-year collateral trust gold notes of the Utah Co., dated
April l 1912 and due April l 1917, but callable as a whole
on or after April 1 1915 at 101 and int. Int. A. A O. Par
$1,000 and $500 (c*). Old Colony Trust Co., Bost., trustee.
Unconditionally guaranteed, as to principal and interest,
by the United States Smelting, Refining A Mining Co., by
endorsement on each note.
D a ta F u r n is h e d b y P r e s id e n t VV. t i . S h a r p , B o s t o n , A p r il 5 1 9 1 2 .
T h e U t a h C o m p a n y w a s in c o r p o r a te d in M a in e o n M arcti 2 9 1912 [w ith
$ 5 ,0 0 0 ,0 0 0 o f a u t h . c a p . s to c k ]. A ll its c a p it a l s to c k (o th e r t h a n sh a r e s
t o q u a lif y d ir e c to r s ) is o w n e d b y th e U . S . S m e lt in g , R e fin in g & M in in g C o.
T h e p r o c e e d s o f t h e s e 8 1 0 ,0 0 0 ,0 0 0 n o t e s w ill b e d e v o t e d to p a y ln g f o r In
t e r e s t s In c o a l c o m p a n ie s a n d p r o p e r tie s In C a rb o n a n d E m e r y C o u n tie s,
U t a h , a n d fin a n c in g t h e s a m e , a n d t o fin a n c in g th e r a ilr o a d d e s c r ib e d
b e lo w . T h e s e c o a l c o m p a n ie s a r e s u c c e s s fu l g o in g c o n c e r n s , h a v in g a
c a p a c 't y o f a t le a s t 3 ,0 0 0 t o n s p e r d a y . T h e ir p r o p e r tie s h a v e b e e n e x
a m in e d b y S id n e y J . J e n n in g s , o u r V ic e -P r e s id e n t In c h a r g e o f e x p lo r a tio n
a n d m in in g I n v e s t m e n t , b y T . II. D a v is , V .- P r e s t . a n d G e n . M gr. o f I sla n d
C reek C oal C o ., a n d b y o th e r I n d e p e n d e n t e x p e r ts . T h e ir r e p o r ts a re
h ig h ly f a v o r a b le , b o th a s r e s p e c ts th e q u a l it y , q u a n t i t y a n d m a r k e ta b ility
o f t h e c o a l a n d t h e e a r n in g c a p a c it y o f th e p r o p e r tie s .
T h e s e c o a l p r o p e r tie s n o w h a v e o n e r a ilr o a d o u t le t , t h e D e n v e r & R io
G r a n d e U K ., r e a c h e d a t P r ic e , U t a h , b y a b r a n c h r a ilr o a d 22 A m ile s In
le n g t h o w n e d b y th e s e c o a l c o m p a n ie s . In o r d e r t o Insu re w id e r m a r k e ts ,
th e U ta h C o m p a n y Is a b o u t t o c o n s t r u c t a r a ilr o a d from th e s e c o a l m in e s
t o a c o n n e c t io n w it h th e S a n P e d r o L o s A n g e le s & S a lt L a k e R R . ( U . P .
S y s t e m ) a t S p a n is h F o r k , U t a h . T h is r a ilr o a d w ill lie a b o u t 8 0 m ile s
In le n g t h a n d a b le t o h a n d le t h e h e a v ie s t lo c o m o t iv e s a n d h e a v y tra in
lo a d s .
W e a r e c o n f id e n t t h a t In t h e first y e a r a f t e r th e c o m p le tio n o f th e
r a ilr o a d e a c h p r o p e r ty (c o a l a n d ra ilro a d ) w ill e a r n s u b s t a n t ia lly m o re
t h a n t h e I n te r e s t o n its c o s t . T h e c o m b in e d c o s t o f th e c o a l p r o p e r tie s
a n d r a ilr o a d w ill b e a p p r o x im a t e ly $ 1 0 ,0 0 0 ,0 0 0 . T h e r a ilr o a d s h o u ld
be c o m p le t e d w it h in 15 m o n t h s .
T h e s e n o t e s w ill b e s e c u r e d b y t h e p le d g e o f c o lla te r a l r e p r e s e n tin g th e
e n t ir e o w n e r s h ip o f th e n e w r a ilr o a d a n d th e I n te r e s ts a c n u lr e d In th e
a b o v e - m e n t io n e d c o a l p r o p e r t ie s . A n y a d d it io n a l s e c u r it ie s o r o b lig a tio n s
I ssu e d b y th e ra ilro a d c o m p a n y , e x c e p t i n g o b lig a t io n s fo r r o llin g s to c k e q u ip
m e n t , w ill b e p le d g e d fo r t h e s e n o t e s . T h e n o te s w ill h a v e e n d o r s e d u p o n
t h e m t h e u n c o n d it io n a l g u a r a n t y fo r p a y m e n t o f p r ln . a n d in t . o f th e U . S .
S m e lt i n g , R c d n ln g & M in in g C o ., w h o s e m e t a l p r o d u c tio n In th e y e a r 191 1 ,
I n c lu d in g n u t i l s fr o m c u s t o m o r e s , w a s: c o p p e r , 2 2 ,1 9 9 ,1 4 1 lbs; le a d .
4 9 ,0 2 2 ,7 9 1 lb s .; s ilv e r , 1 0 ,2 8 5 ,1 5 0 OZS.; g o ld , 1 1 8 ,7 0 3 o z s .
T h e n e t p r o fits fo r 1911 (s e e A n n u a l r e p o r t, p a g e 1051 o f la s t w e e k ’s
‘‘C h r o n ic le ” ) , a f t e r w r it in g o il $ 1 ,1 2 0 ,6 9 0 fo r d e p r e c ia t io n . Im p r o v e m e n ts
a n d r e s e r v e , w e r e $ 2 ,8 4 0 ,4 1 3 , o r 4 .7 3 t im e s t h e In te r e s t c h a r g e s o n tills
$ 1 0 ,0 0 0 ,0 0 0 o f n o t e s , a n d t h e a v e r a g e n i t p r o fits fo r t h e p a s t 6 y e a r s w e r e
$ 2 ,6 9 0 ,6 7 6 , b e in g 4 'A tim e s t h e s e c h a r g e s .
N e t p r o llts fo r J a n u a r y a n d
F e b r u a r y in 1 9 1 2 , In c rea sed $ 1 9 7 ,6 8 6 , o r 3 8 % , o v e r 1 9 1 1 .
C a p ita liz a tio n o f U . S . S m e ltin g , R e f in in g A M in in g C o m p a n y .
C a p ita l s to c k : p r e fe r r e d , $ 2 4 ,3 1 3 ,7 2 5 ; c o m m o n , $ 1 7 ,5 5 3 ,7 8 7 ..$ 4 1 ,8 6 7 ,5 1 2
F u n d e d d e b t: 5% c o u p o n n o te s o f 1 9 1 1 , d u e A u g . 1 1 9 1 4 ______
4 ,0 0 0 ,0 0 0
T h e c o m p a n y h a s n o m o r tg a g e d e b t o r f lo a tin g d e b t a n d o n D e c . 31 1911
h a d a n e t w o r k in g c a p it a l o f $ 7 ,6 4 1 ,5 1 1 8 3 .
N o m o r tg a g e c a n b e p la c e d
u p o n Its p r e s e n t p r o p e r tie s w it h o u t e q u a lly s e c u r in g it s g u a r a n ty o f th e s e
n o te s.
P r e s e n t m a r k e t v a lu e o f t h e p r e f. a n d c o m . s t o c k , o v e r $ 3 7 ,0 0 0 ,0 0 0 .
H a s p a id 7% p r e f. d iv id e n d s c o n t in u o u s ly s in c e o r g a n iz a tio n In 1 9 0 6 ,
a n d o n t h e c o m m o n s to c k a t 4 % , o r m o r e (n o w 4 % ) s in c e J a n . 1 9 0 7 , a g g r e
g a t in g $ 1 3 ,8 9 0 ,9 4 9 .
[VOL,
LXXXXIV
I t Is c o n t ld e n t ly e x p e c t e d t h a t t h e U ta h C o m p a n y w ill it s e lf e a r n a
c o n s id e r a b le s u r p lu s o v e r in te r e s t o n th e s e n o t e s a n d w ill r e fu n d th e m
p e r m a n e n t ly a t or b e fo r e m a t u r it y , s o t h a t th e g u a r a n t y w ill n e v e r b e c o m e
a c h a r g e u p o n th e U . S . S m e lt in g , R e fin in g & M in in g C o ., b u t , o n th e
c o n t r a r y , t h is u n d e r ta k in g w ill p r o v e a n I m p o r ta n t s o u r c e o f p r o fit.
E x t r a c t s fro m L e tte r o f V c c -P r c s id e n t S id n e y J . J e n n in g s , A p r il 5 1 9 1 2 .
T h e U t a h C o m p a n y h a s a c q u ir e d b y p u r c h a se o r h a s a c q u ir e d t h e r ig h t
t o p u r c h a se tw o -th ir d s or m o r e o f t h e o u t s t a n d in g s to c k o f th e C a stle
V a lle y C o a l C o . (V . 8 9 , p . 141 3 ; V . 9 0 , p . 112) , t h e B la c k H a w k C o. a n d
t h e C o n s o lid a te d F u e l C o . (V . 9 3 , p . 1 0 2 4 ), t h r e e o p e r a tin g c o m p a n ie s
In C a stle V a lle y , C a rb o n a n d E m e r y c o u n t ie s , U t a h . T h e s e c o m p a n ie s
o w n th e S o u th e r n U ta h R R . a n d th e C a stle V a lle y R R . , w h ic h
c o n n e c t th e s e m in e s w ith th e D e n v e r & R io G r a n d e a t P r ic e .
T h e s e c o m p a n ie s o w n a t o t a l o f 1 1 ,2 2 6 a c r e s o f l a n d ,o f w h ic h 7 ,5 2 6 a r e
c o a l la n d .
F iv e s e a m s o f c o a l o u tc r o p In t h is a r e a . T h e b o t t o m s e a m
b e in g t h e t h ic k e s t Is t h e o n ly o n e o n w h ich m u c h d e v e lo p m e n t h a s b e e n
d o n e . T h is s c a m a lo n e c o n ta in s a t h a s t 1 4 0 ,0 0 0 ,0 0 0 t o n s o f m ln a b le
c o a l w it h in t h e lim its o w n e d b y th e a b o v e - m e n t io n e d c o m p a n ie s . T h e
s c a m n e x t a b o v e h a s b e e n o p e n e d In s e v e r 1 p la c e s , s o m e a s t h ic k a s 12
f e e t , a r d it Is c la im e d w ill y ie ld a c o m m e r c ia l c o k e . T h e c o a l Is a n e x c e lle n t
b it u m in o u s c o a l. T h e lo w e r s e a m w ill a v e r a g e 16 f t . in t h ic k n e s s , r o o f a n d
floor s a n d s t o n e ; n o tim b e r in g is r e q u ir e d ; a v e r a g e d ip 2 % .
N a tu r a l c o n
d it io n s fo r c h e a p m in in g arc e x c e p t io n a lly g o o d . T h e m in e s a r e p r o d u c in g
a t r a t e o f a b o u t 5 0 0 ,0 0 0 t o n s a y e a r .
W ith a d e q u a t e r a ilw a y f a c ilit ie s ,
th is c o u ld b e d o u b le d In a c o m p a r a t iv e ly sh o r t s p a c e o f t im e .
C o a l T o n n a g e S o ld a n d P r ic e s P e r T o n O b ta in e d a t M in e M o u th in T h r c e S ta te s .
(G o vt. R e p o r t.) ------- 1 9 0 8 ------------ ------------- 190 9---------- ----------------- 1 9 1 0 ---------U t a h _ _ _________1 ,8 4 6 ,7 9 2
$ 1 .0 8
2 ,2 6 6 ,8 9 9
$ 1 .0 0 2 ,5 1 7 ,8 0 9
$ 1 .6 7
W y o m in g - .- - 5 ,4 8 9 ,9 0 2
1 .6 2
6 ,3 9 3 ,1 0 9
1 .5 5 7 ,5 3 3 ,0 8 8
1 .5 5
N e w M e x ic o ______ 2 ,4 6 7 ,9 3 7 1 .3 6
2 ,8 0 1 ,1 2 8
1.2 9 3 ,5 0 8 ,3 2 1
1 .3 9
T o ta l t o n s ____ 9 ,8 0 4 ,6 3 1
1 1 ,4 6 1 ,1 3 6
1 3 ,5 5 9 ,2 1 8
T h e In c rea se o f 1 8 .3 % In 19 1 0 a n d 1 6 .9 ’’;.
In 1909
c o m p a r e s w ith a n
a v e r a g e a n n u a l I n c r e a s e o f t h e w h o le o f th e U n it e d S t a t e s o f le ss th a n 10$;.
p er a n n u m .
U t a h a c t u a ll y c o n s u m e s m o r e c o a l
t h a n it p r o d u c e s . T h e
c o a l o f th e s e c o m p a n ie s Is t h e l u s t a v a ila b le
In t h is m a r k e t a n d w h e n
e n e r g e t ic a lly p u s h e d s h o u ld y ie ld a h ig h r e tu r n o n t h e c a p it a l I n v e s te d .
— V . 94, p. 1051, 1060.
Western Canada Power Co.—B o n d s .—The Royal Secur
ities Corporation recently offered in London at 93 and
int. £205,400 1st M. 5% bonds dated 1909.
P a r t o f a n Issu e lim it e d . It Is s a id , a t p r e s e n t to $ 5 ,0 0 0 ,0 0 0 g o ld (o n e
a c c o u n t s a y s $ 4 ,0 0 0 ,0 0 0 ,w h ic h w a s t h e a m o u n t p r e \ lo u s l y u n d e r w r i t t e n ,
o f w h ic h $ 3 ,0 0 0 ,0 0 0 h a d b e e n is s u e d D e c . 31 1 9 1 1 ) ,a n d in n o c a s e t o e x c e e d
$ 1 0 ,0 0 0 ,0 0 0 .
P r io r t o D e c . 31 1 9 1 5 a d d it io n a l b o n d s c a n b e is s u e d o n ly
in c a s e t h e n e t e a r n in g s fo r 12 m o n t h s a r c 1 'A t im e s t h e a n n u a l In te r e st
c h a r g e s , in c lu d in g t h e b o n d s th e n to b o Issued: a n d a s r e g a r d s t h e fir st
$ 1 ,0 0 0 ,0 0 0 in e x c e s s o f sa id $ 5 ,0 0 0 ,0 0 0 fo r e x t e n s io n s t o t h e p r e s e n t h y d r o
e l e c t r ic p la n t o n t h e S t a v e R iv e r , In t h e p r o p o r tio n o f $ 8 0 b o n d s f o r e a c h
a d d itio n a l h o r s e -p o w e r ; a n d in e x c e s s o f $ 6 ,0 0 0 ,0 0 0 fo r c o n s t r u c t io n a t
n o t e x c e e d in g 75 % o f e s t im a t e d c o s t . A fte r D e c . 31 19 1 5 f u r th e r Issu es
s h a ll n o t b e m a d e In e x c e s s o f 75 % o f t h e e s t im a t e d c o s t o f c o n s t r u c t io n ,
n o r u n t il th e n e t e a r n in g s a r c t w ic e s u c h a n n u a l in te r e s t c h a r g e . T h e
p r e s e n t Issu e o f b o n tls Is m a d e fo r t h e p u r p o s e o f fin is h in g t h e c o n s tr u c tio n
o f th e first I n s ta lla tio n o f t h e p o w e r p la n t a n d o f a d s t r lb u t ln g s y s t e m
w h ic h w ill b e a v a il a b l e to m a r k e t t h e e n tir e d e v e lo p m e n t o f 5 0 ,0 0 0 h . p .
S ee V . 9 3 , p . 1793.
Westinghouse Machine Co.— M e e tin g s P o s t p o n e d . —The
special meetings of the stockholders which were called for
March 29 to vote on making an issue of pref. stock and in
creasing the indebtedness, and later postponed until April 19,
have again been adjourned to May 9.—V. 94, p. 285.
—A second edition of the “ Directory of Directors in
Canada” has just been issued. The first edition was
brought out in 190(5. In addition to the alphabetical list
of directors, giving the companies with which they are
connected, there is a classified list of companies, their
place of business, directors and officers. The book sup
plies a much-needed requirement. Publishers, Houston’s
Standard Publications, 7 King St., East Toronto.
—Printed copies of the third annual report of the Public
Service Corporation, which was made by President Thomas
N. McCarter to its stockholders for the year ending Dec. 31
1911 are now available for distribution. This annual re
port was published in full among the “ Reports and Docu
ments” of the “Chronicle” on March 30. For copies of the
report address inquiries to Percy S. Young, Comptroller of
the Public Service Corporation, Newark, N. J.
—The new firm of Bull A Eldredge have started business in
the Bank of Commerce Building, 31 Nassau St. The part
nership is composed of Charles M. Bull Jr., formerly of
Morgan A Bartlct, and E. I. Eldredge Jr., previously with
Crawford, Patton A Cannon. Bull A Eldredge do a broker
age business in bonds, equipment and short-term securities.
—White, Weld A Co., whose new address, beginning to
day, is 14 Wall St., and Potter, Choate A Prentice, 55 Wall
St., this city, arc jointly advertising an offering of $1,558,000
Chicago Indianapolis A Louisville Ry. Co. ref. (now first)
mtge. 5% bonds, Series “ B, ’ in this issue of the “Chronicle.”
Price 1lOJa and interest, yielding more than 4.40%. See ad
vertisement for full particulars.
—L. von Hoffmann A Co., 5(5 Wall St., New York, have
published a pamphlet describing briefly all the principal rail
road bonds and leased-line stocks which are now tax-exempt
in New Jersey. Tax day in New Jersey falls on May 20th,
and the publication of this pamphlet is timely. Copies may
be obtained from L. von Hoffmann A Co. on request.
—The engineering and construction firm of C. G. Young
has moved from (50 Wall St. to a more commodious suite of
offices on the 28th floor of the Bankers Trust Co. Bldg., 14
Wall St. The firm has been established over three years and
makes a specialty of examinations and reports for financing
public utilities.
—Wm. Salomon A Co. have issued a booklet of 25 pages
entitled “ Modern Preferred Stocks,” being a brief study of
the general principles upon which this type of security is
based, with suggestions for determining the soundness and
desirability of different issues.
—George C. White Jr. and Lucicn Hamilton Tyng have
been elected directors of W. S. Barstow A Co., Inc., 50 Pine
St., managing engineers.
—A Rawson Waller of Chicago, dealer in investment sesecurities, has moved from 200 So. La Salle St. to the Otis
Bldg., 10 South La Salle St.
A pr . 20 1912,]
_ 3 p R
IIE CHRONICLE
® 0 m n x jc m a l
C O T T O N .
J x m c s ,.
COMMERCIAL EPITO M E.
F r i d a y N i g h t , A p r i l 19 1912.
Damage to the winter-wheat crop and delay in planting
cotton have led to higher prices for both, but the general
condition of business as reflected by bank clearings, which
are larger than at this time for two years past, is of a kind
to encourage the mercantile community of the country.
Still, it is manifest that trade is keeping within conservative
bounds. Iron and steel have advanced, with a larger
business. The textile industries are in better shape than
for some time past and the fact is in some degree illustrated
by recent advances in wages.
LAIID on the spot has advanced, owing to a rise in futures,
due to light receipts of hogs; prime Western 10.65c.; middle
Western 10.50c.; City steam 10c. Refined lard has also
advanced; Continent 10.90c.; South America 11.50c.;
Brazil in kegs 12.50c. The speculation in lard futures here
has been at a standstill. At the West trading has been
active and prices have advanced under tin? stimulus of con
tinued light receipts of live hogs. This has caused buying
by packers and commission houses.
D A I L Y C L O S IN G P R I C E S
, ..
, 3cd.
M a y tie v e r y -------------------1 0 .3 0
J u ly d e l i v e r y . ...........
1 0 .6 0
D A I L Y C L O S IN G P R I C E S
,r
...
S a t.
M ay de v er y
...............1 0 .2 0
J u ly d e l i v e r y ---- ------------ 1 0 .4 0
1135
O F L A R D F U T U R E S IN N EW Y O RK .
M on.
T u es.
W ed .
T h u rs.
F r i.
10 4 5
1 0 .4 8
1 0 .4 8
1 0 .4 8 1 0 .4 5
1 0 .7 0
1 0 .7 0
1 0 .7 0
i o . 7 0 1 0 .7 0
O F L A R D F U T U R E S I N C H IC A G O .
M on.
T u es.
W ed.
T h u rs.
F r i.
1 0 .3 0
1 0 .2 5
1 0 .2 5
1 0 .2 5 1 0 .1 7 H
1 0 .5 0
1 0 .4 5
1 0 .4 5
1 0 .4 5 1 0 .4 0
PORK on the spot has been in moderate demand and prices
have risen, owing to the strength of the live-hog situation;
mess $19 50@S20, clear $18 25@$19 25, family $20@$21.
Beef has been quiet but firm; mess $12, packet $13, family
$15@$15 5(3 and extra India mess $26@$26 50. Cut meats
have been in moderate demand and firm; pickled hams,
regular, 10@20 lbs., 12@ 13^c.; pickled bellies, 6@12 lbs.,
n y 2@ l i y sc.
Butter has been in fair demand and easier;
creamery extras 30}^c. Cheese has been quiet and easier;
State, whole milk, current made, white, specials, 18c. Eggs
have been in fair demand and steady at 21@ 2li^c. for
Western firsts.
OILS.— Linseed has been in fair demand for jobbing
quantities arid with receipts of seed small at the Northwest
prices for oil have ruled firm; City, raw, American seed,
75@76c.; boiled 76@77c.; Calcutta, raw, 80c. Cotton
seed has been quiet but firmer; winter 0.75(5*7.49c.; summer
white, 6.45@6.80c.; crude 5.40@5.54c. Cocoanut steady
F r i d a y N i g h t , A p r i l 19 1912.
THE MOVEMENT OF THE CROP, as indicated by our
telegrams from the South to-night, is given below. For the
week ending this evening the total receipts have reached
105,319 bales, against 142,631 bales last week and 151,453
bales the previous week, making the total receipts since
Sept. 1 1911 10,948,564 bales, against 7,980,139 bales for
the same period of 1910-11, showing an increase since Sept. 1
1911 of 2,968,425 bales.
R e c e ip ts a t—
S a t.
G a l v e s t o n _______
T e x a s C i t y ___
P t . A r th u r , & c . .
N e w O r le a n s ____
G u l f p o r t ________
M o b ile _________
P e n s a c o l a _______
J a c k s o n v ille , & c.
S a v a n n a h _______
B r u n s w i c k ...........
C h a r l e s t o n _____
G e o r g e t o w n ____
W i l m i n g t o n ____
N o r f o lk _________
N ’p o r t N e w s , &c.
N e w Y o r k _______
B o s t o n .............. ..
B a l t i m o r e _______
P h il a d e lp h ia ____
T o t a ls t h is w e e k .
M on.
T u es.
W ed.
T h u rs.
F r i.
T o ta l.
3 ,0 5 8
1 ,7 5 6
8 ,9 4 9
3 ,2 9 8
1 ,6 8 9
311
2 8 ,8 0 4
2 ,9 6 9
8 ,9 4 9
1 6 ,2 8 2
1 ,6 8 9
2 ,9 4 0
5 ,0 8 2
316
3 ,7 7 5
132
9 ,4 2 9
236
3 ,2 3 2
385
3 ,5 7 1
3‘, 198
1 ,2 3 5
3 ,3 1 0
1 ,6 7 0
‘ 220
405
469
‘ 456
F ,6 7 9
498
2 ,1 2 5
3 ,5 3 3
4 ,4 0 5
3 ,0 6 6
3 ,3 0 4
2 ,8 2 3
4 ,2 2 8
144
—
—
498
1 9 ,3 4 6
'4 3 7
" 477
250
‘ 38 0
1 ,3 2 7
2 ,0 5 1
1 ,2 7 1
2 ,1 6 7
156
100
504
1 ,0 5 7
2 i3
446
1 ,3 3 8
70 3
1 ,8 1 6
"50
575
465
1 ,3 6 2
1 ,3 8 2
464
1 ,2 8 0
63 0
’ l0 3
131
X, *) —w
485
1 6 ,2 6 2
2 0 ,7 4 2
1 2 ,8 9 6
1 3 ,3 5 0
---1 4 .6 5 8
1 ,9 1 3
100
4 ,7 1 6
1 0 ,6 9 1
1 ,3 8 2
*.0
OU
3 ,1 8 3
I ,Ouh
485
2 7 .4 1 1 1 0 5 ,3 1 9
The following shows the week’s total receipts, the total
since Sept. 1 1911,'and the stocks to-night, compared with
last year;
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
T h is S in c e S e p
W eek.
1 1911.
T h is S in c e S e p
W eek.
1 1910.
G a lv e s t o n ________ 2 8 ,8 0 4 3 ,3 7 1 ,6 7 6
T e x a s C it y _______
2 ,9 6 9
5 8 3 .7 1 2
P o r t A r th u r , & c .
8 ,9 4 9
2 5 2 ,8 8 7
N e w O r le a n s ____
1 6 ,2 8 2 1 ,5 3 8 ,9 4 5
G u lfp o r t ________ :
1 ,6 8 9
6 6 ,0 7 3
M o b i l e ___________
2 ,9 4 0
3 6 3 .1 4 5
_
P e n s a c o l a ________
2 0 6 ,2 1 7
J a c k s o n v ille , & c .
498
4 9 ,4 9 0
S a v a n n a h ........... .... 1 9 ,3 4 6 2 ,2 7 5 ,1 5 5
B r u n s w ic k _______
3 9 4 .2 2 0
C h a r le s t o n _______
1 ,9 1 3
4 0 6 ,4 4 2
100
G e o r g e to w n ____
1 ,0 1 9
W ilm in g t o n ____
4 ,7 1 6
5 3 3 ,4 5 8
N o r f o lk ________ _ 1 0 ,6 9 1
0 9 4 .9 6 8
N 'p o r t N e w s , & c .
1 ,3 8 2
3 4 ,1 4 4
N e w Y o r k - ____
50
5 ,3 6 9
B o s t o n __________
3 ,1 8 3
5 6 ,9 6 4
B a lt im o r e ________
1 ,3 2 2
1 1 2 ,6 1 9
P h i l a d e l p h i a ____
485
1 ,4 5 2
2 0 ,3 0 6 2 ,6 5 7 ,0 8 3
3 0 6 ,8 5 2
2 5 4 ,2 9 5
1 3 ,5 2 2 1 ,4 2 4 ,9 8 9
3 4 ,2 3 9
795
2 3 5 ,7 9 3
1 1 2 ,8 4 3
218
2 2 ,9 8 0
9 ,3 5 6 1 ,3 5 5 ,3 8 2
1 .0 0 0
2 2 1 ,1 8 4
43 3
2 7 5 ,1 3 3
1 ,4 2 4
1 ,0 6 5
3 9 6 ,9 1 7
3 ,2 5 1
5 2 6 ,9 8 8
3 ,9 2 4
488
8 ,6 9 9
271
3 5 ,3 6 6
78 9
1 0 5 ,6 8 3
50
365
T o t a l ___________ 105,3191 1 0 9 4 8 5 6 4
5 1 ,5 4 4 '7 ,9 8 0 .1 3 9
R e c e ip ts to
A p r il 10.
S to c k .
1912.
1911.
2 1 4 ,8 4 6
7 ,8 2 9
8 1 ,2 3 0
1 1 2 ,2 5 6
9 ,6 3 9
1 8 ,0 4 5
8 6 ,2 7 1
2 ,0 7 7
5 ,7 4 7
93~930
7 ,2 5 6
2 6 ,7 3 5
4 2 ,5 5 4
1 ,2 2 4
1 4 ,0 1 6
1 7 ,7 3 6
4 9 ,3 3 1
' 5 ,2 7 8
1 3 ,9 2 2
1 5 0 ,8 5 3
1 1 ,3 4 6
7 ,2 4 7
1 ,7 8 1
1 7 2 ,8 4 5
8 ,9 3 7
3 ,3 1 4
3 ,5 0 4
7 2 8 ,8 2 4
4 4 1 ,0 1 9
In order that comparison may be made with other years,
with the crude material; car-loads 9.85c., smaller quantities we give below the totals at leading ports for six seasons:
5.90c. Cod quiet and steady; domestic 52@53c.
1911.
1910.
1909.
1908.
1907.
COFFEE on the spot has been quiet and steady; Rio No. 7, R e c e ip ts a t— 1 9 1 2 .
14%c.; Santos No. 4, 16h£@16%c. West India growths G a l v e s t o n ___ 2 8 ,8 0 4 2 0 ,3 0 6 2 6 ,3 6 8 4 0 ,3 4 9 1 6 ,4 7 0 2 5 ,9 9 9
T
e
x
a
s
C
lty
,&
c
1 1 ,9 1 8
3 ,8 4 7
6 ,8 2 4
in moderate demand and steady; fair to good Cucuta 16%@ N e w O r le a n s .
1 6 ,2 8 2
1 3 ,5 2 2
2 1 ,8 8 0
2 9 ,1 9 2
2 6 ,5 4 3
2 4 ,1 2 5
163^c. The speculation in futures here nas been on a com M o b i l e _______
2 ,0 4 0
795
50 0
1 ,8 7 4
5 ,1 2 6
1 ,0 3 1
___
1 9 ,3 4 6
9 ,3 5 6
8 ,6 1 3
2 4 ,7 7 2
8 ,3 6 7
7 ,8 9 0
paratively small scale and prices have moved irregularly SBarvuannsnwaich k ___
1 ,0 0 0
1
,7
5
0
927
within narrow limits. Of late the tendency has been down C h a r le s to n , &c
2 ,0 1 3
433
2 ,5 6 5
3 ,2 1 5
328
343
W ilm in g to n .. 4 ,7 1 6
1 ,0 6 5
ward in the main on liberal receipts and liquidation.
1 ,1 1 1
1 8 ,4 3 8
1 ,1 6 2
485
N o r f o l k _____
1 0 ,6 9 1
3 ,2 5 1
1 3 ,4 6 9
1 0 ,1 8 7
3 ,1 0 6
4 ,2 6 9
Closing prices were as follows;
N ’p o r t N ., &c
1 ,3 8 2
496
1 ,0 6 2
April-------- 1 3 .8 2 c . [ J u ly ............ 1 3 .0 6 c . I O c to b e r ._ 1 4 .0 3 c . IJ a n u a r y
13 0 5 c
M a y -------- 1 3 .8 8 c . | A u g u s t . . 1 4 .0 0 c . | N o v e m b e r 1 3 .0 0 c . F e b r u a r y
13 0 5 c
J u n e --------1 3 .0 2 c. |.S e p te m b e r 1 4 .0 5 c. | D e c e m b e r 1 3 .0 5 c . | M a r c h ______ 1 3 .0 5 c ’.
A ll o t h e r s ____
7 ,2 2 7
1 ,8 1 6
T o t a l t h is w k .
1 0 5 ,3 1 9
5 1 ,5 4 4
7 ,5 7 3
8 3 .8 2 9 |
1 ,4 5 7
1 ,5 6 7
3P91
1 3 7 ,0 7 7
5 8 ,9 5 5
7 8 ,6 0 8
SUGAR.—Raw has been irregular, declining early in the S in c c S e p t . 1 . 1 0 9 4 8 5 6 4 7 ,9 8 0 ,1 3 9 6 .6 5 7 ,4 7 7 '8 .0 4 7 ,3 0 2 7 ,5 5 6 ,7 6 8 9 ,1 9 0 ,1 5 5
week and rallying later. Centrifugal, 96-degrees test, 4.11c.;
The exports for the week ending this evening reach a total
muscovado, 89-degrees test, 3.61c.; molasses, 89-degrees
test, 3.36c. The visible supply in the world is stated at of 134,350 Rales, of which 46,874 were to Great Britain,
2,670,000 tons, against 3,180,000 tons a year ago. Refined 17,255 to France and 70,221 to the rest of the Conitnent.
Below are the exports for the week and since Sept. 1 1911:
has been quiet and easier. Granulated 5.20c.
PETROLEUM.— Refined for export has advanced; bar
W eek en d in g A p r il 10 1912. From S ep t. 1 1911 to A p r il 19 1912.
rels 8.45c.; bulk 4.85c.; cases 10.35c. The demand from
Exported to—
E xported to—
abroad has been active and a large amount of freight room
from —
I Great
C onti
Great
C onti 1
has been engaged for shipments of case oil to Far Eastern
'Britain. F r ’nce nent.
Total. B rita in . France
nent.
Total.
and South American points. Gasoline has been active at an G a lv e s t o n ___ 21,834
3 ,2 2 1
2 5,055 1,303,194 253,586 1,210,883 2,770,663
advance; 86 degrees in 100-gallon drums 2 1 3 ^c.; drums T exas C ity ___
. . . , | 400,748 92,817
81,637 5 7 5 .202
7', 700
7,700
$8 50 extra. Naphtha has been firmer with a good demand; NP t.ewArthur,Vice.
29,121 69,671
95,149 184,941
O r le a n s..
6,324 10‘3()0 18,624: 748,127 154,569 502,344 1,405 ,040
73@76 degrees in 100-gallon drums 19c.; drums $8 50 extra. M o b ile
...............
3,231
1,100 4.331!
93,616 65,654 116,799 276,069
Spirits of turpentine 47j^@48c. Common to good strained P ensacola ___
----- 1 55,624 62,137 ' 88,844 206.605
G u lf p o r t __ _ J
33 .7 3 2
2 3.302
57.034
rosin $6 50@$6 60.
Savannah ___ 11,431
3«‘9 f i 47’342 4 5 0 ,1 0 8 1 6 4 ,2 9 8 1.063.762 1.678.168
ru n sw ick ___
198,973
TOBACCO.—Domestic leaf is moving slowly at steady CB harleston
159,433 3 58,406
47,030
199,209 246,239
prices. Manufacturers of cigars are believed to be carrying W ilm in g to____
n .. _
152,935 115,441 215,092 493 ,468
small supplies, but they show no disposition at present to N o r f o lk ............
12,939
3 ,0 9 8
16,037
N ew port N ew s
anticipate, and the buying is of a hand-to-mouth character. N ew Y o rk ___ 5 P 1 3
9 ,329 14,442 22R 264 78,801 2 69,742 569]807
The bulk of last year’s crop of Pennsylvania leaf has been B oston ............ 8,396
8,396 15 0 ,5 2 )
9,422 15:*, 951
a lt im o r e ___
'700
700
16,513
5,920
87,129 1<) 1,662
sold, the supply left over being made up largely of low-grade PBhiladelphia
..
Too
J .0 9 0
1,190
57,726
18,335
76,031
tobacco. Sumatra and Havana have been quiet at firm Portland, M e .. ___
4.2 1 8
4,218
Francisco.
1J545
1,646
202',993 202,993
prices.
: SSan
ea ttle ............
___
6,924
6,924
116,626 116,626
T
a
c
o
m
a
............
COPPER has been in moderate demand on the spot and Taco,na.......
59,834
59,834
Portland, O re.
firmer; Lake 15%@15.90c.; electrolytic 15.87Kc. Tin has PernK'
° re‘
P e m b in a ..........
D
etro
it...............
been in good demand and firmer at 43 1 4 c . on the spot. Lead
" 4 ,868
’ 4 ,868
............
has been quiet and steady at 4.20(5*4.25c. Spelter has been j T o t a l ............ 46,874 17,255 70,221 1 3 4 .3503,941.533 1096626 4,523,633 9 ,5 6 1 ,7 92
more active and firmer at 6.80c. Pig iron has been firm, with
large sales, especially at the West, where makers of agricul T otal 1910-11. 22,9551 2 ,947 43,4681 6 9 ,3 7 0 3 ,1 0 2 .9 0 6 868,334 2,856,741 0.827 .9 81
tural implements have placed large contracts; No. 1 Nor
In addition to above exports, our telegrams to-night also
thern $15 25@$15 75; No. 2 Southern $14 75@$15 25. Ac give us the following amounts of cotton on shipboard, not
tivity prevails in all descriptions of finished material and cleared, at the ports named. We add similar figures for
prices are strong.
New York.
THE CHRONICLE
1JL2G
O n S h ip b o a r d , N o t C le a re d fo r—
A p r i l 19 a t—
G re a t
B r ita i n . F r a n c e
G er
m any.
O ther
F o r e ig n
N e w O r l e a n s ..
G a lv e s t o n —
S a v a n n a h ____
C h a r l e s t o n .. .
M o b i l e ________
N o r f o l k ____ .
N ew Y ork .
O th e r p o r t s ___
1 3 ,8 3 5
2 0 ,5 4 2
6 ,2 2 5
1 4 ,1 5 1
6 ,8 0 8
7 ,1 7 9
1 0 ,5 4 5
72
1 ,5 0 0
2 ,4 1 0
1 ,5 0 0
8 ,0 0 0
1 ,4 0 0
----
1 ,2 0 0
9 ,0 0 0
4 ,7 0 0
1 ,0 0 0
T o ta l 1 9 1 2 ..
T o ta l 1 9 1 1 ..
T o ta l 1 9 1 0 ..
5 4 ,4 2 2
9 ,4 5 9
1 6 ,4 9 7
2 1 ,8 4 8
6 ,6 8 9
1 1 .0 4 7
2 8 ,0 9 7
2 8 ,7 7 7
1 6 ,1 6 9
2 7 ,8 5 8
1 7 ,8 4 1
1 9 ,5 7 5
5 ,4 1 7
1 5 ,7 4 1
1 ,0 0 0
C o a s tzuise.
T o ta l.
L e a v in g
S to c k .
3 2 ,6 5 9
5 9 ,0 1 3
1 ,0 0 0
1 ,5 0 0
1 4 ,0 2 7
1 8 ,0 0 0
8 ,8 0 0
1 8 ,0 0 0
7 9 ,5 9 1
1 5 5 ,8 0 3
9 2 ,9 3 0
2 5 ,2 3 5
4 ,0 1 8
3 1 ,3 3 1
1 4 2 ,0 5 3
4 4 ,8 3 4
2 0 ,8 0 4 1 5 3 ,0 2 9
1 0 ,0 7 2 7 2 ,8 3 8
1 9 ,8 6 5 8 3 ,1 5 3
5 7 5 ,7 9 5
3 6 8 ,1 8 1
4 5 7 ,1 4 8
374
1 ,4 3 0
....
1 ,0 0 0
1 8 ,0 0 0
—
Speculation in cotton for future delivery lias been active,
at rising prices. The advance was traceable largely to bad
weather. That is to say, the rains have been very heavy,
especially in the Atlantic and Eastern Gulf States. Cloud
bursts have occurred in Alabama and Mississippi, as well as
Georgia, and the precipitation in other sections of the belt
east of the Mississippi River has at times been very heavy.
In Arkansas, too, the rainfall at one time was large. All
this has tended to create a feeling of uneasiness, as the sea
son was already late. Indeed, some maintain that a late
start for the crop is now almost inevitable. They also affirm
that the probabilities point to a considerably smaller yield
than the last one. They think that there will be little or no
opportunity for such careful preparation of the soil as was
made last season, and which, with favorable climatic con
ditions, had so much to do with the raising of a phenomenally
large crop. Plowing of wet ground is ap t to have bad re
sults; the soil gathers into clods, and this tends to interfere
with germination. Therefore, the custom is for the farmer
to wait for the soil to dry. Waiting now means all the greater
delay at a time when there seems to be little time to spare.
There are some who contend that a late-planted crop seldom
turns out well. However this may be, there is no gainsay
ing the fact that the rains on a large scale, persisting for so
many weeks past, have during the past week electrified the
world’s cotton markets. Liverpool has day after day made
higher prices than the American trade expected. The Con
tinent and New Orleans houses have bought in Liverpool
freely. With the disappearance of the English coal strike,
Lancashire mills have larger supplies of coal, so they
need have no further anxiety on this point, and one re
sult is seen in very much larger spot sales of
cotton at Liverpool. This of itself ha3 greatly cheered the
advocates of higher prices on this side of the water. Also,
spot markets in this country have been noticeably strong,
and the Southern parity is still well above that of New York
futures. Cotton goods at Manchester have been strong, and
the same has been true of American goods on this side of the
water, where, indeed, they have been gradually advancing.
Large spot interests have been at times very heavy buyers
of July and October futures here. Liverpool, New Orleans
and Memphis houses have also made purchases that have
attracted attention. From time to time Waldorf-Astoria
operators have bought, but it seems to be an open secret that
some of the well-known operators of that quarter have recent
ly sold out their holdings at a profit and taken the short side.
On Thursday, however, they were reported to be covering
freely, owing to the continued rains in the Mississippi
Valley and the Atlantic States, more particularly in Georgia
and South Carolina and also to reports of serious breaks in
the levees in the Mississippi delta. It was remarked that
very heavy profit-taking sales were absorbed with rather
surprising ease. New high levels for the season have been
constantly reached. But on the other hand, some experi
enced members of the trade are inclined to doubt the stability
of prices at this level unless subsequent events make it plain
beyond dispute that the crop is to get a poor start and that
the chances are distinctly against the raising of another
big crop this year. The tendency is to accumulate a very
large long interest, although it is also true that certain large
houses have been heavy sellers. Some think the con
sumption is being overestimated and that a big supply will
be carried over into next season. To-day prices declined
in sympathy with Liverpool, rallying later on indications
of unsettled weather. Spot closed at 11.80c. for middling
uplands, an advance for the week of 15 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
A p r i l 13 to A p r i l 1 9 —
S a t.
M id d lin g u p la n d
___________ 1 1 .6 5
M on.
1 1 .5 5
T u es.
I t . 70
W ed . T h u rs.
1 1 .8 0
1 1 .8 5
F f i.
1 1 .8 0
NEW YORK QUOTATIONS FOR 32 YEARS.
1 9 1 2 . c .............1 1 .8 0
1 0 1 1 _________1 4 .8 5
1 9 1 0 . . ............ 1 5 .1 5
1 0 0 9 ________1 0 . «5
1 9 0 8 ________ 9 .9 0
1 9 0 7 ________ 1 1 .2 0
1 9 0 6 ________ 1 1 .7 0
1 9 0 5 __________7 .8 5
1904.C___ .14.10
.10.40
1903 __
1902______ . 9.44
1901. ----- . 8.38
9.88
1900_____
1899____ . 6.25
1898_____ _ 6.25
1897______ . 7.31
1896-c
1895- . .
1894. .
1893. .
1892 . . .
1891 . . .
1890 .
1889___
. . . 7.94
. . . 6.94
. . . 7.56
.
7.94
. . . 7.19
. . 8.94
.11.81
...1 0 .8 1
1 8 8 8 .c _____ 9 .7 5
1 8 8 7 . ______1 0 .6 2
1 8 8 6 . _ _______ 9 .2 5
1 8 8 5 ________ 1 1 .0 0
1 8 8 4 ________ 1 1 .8 8
1883 . . . . . . . 1 0 . 2 5
1 8 8 2 ____
.1 2 .2 5
1 8 8 1 ..................10.8 1
MARKET AND SALES AT NEW YORK.
S p o t M a rk et
C lo s e d .
S a t u r d a y ___S t e a d y _______________
M o n d a y ____ Q u ie t, 10 p t s . d e c . .
T u e s d a y ___S t e a d y , 15 p t s . ' a d v .
W c d n e s d a y . S t e a d y , 10 p t s . a d v .
T h u rsd a y . . S te a d y , 5 p ts. a d v ..
F r l d a v . ____S t e a d y , 5 p t s . d e e . .
T o ta l.
F u tu r e s
M a rk et
C lo s e d .
S t e a d y -------*------H a r cly s t e a d y . .
S t e a d y — --------S t e a d y ----------- - S te a d y - - - - - - -
S t e a d y ...................
SALES.
S p o t.
C o n tr ’ct
T o ta l.
[VOL.
LXXXXIV.
FUTURES.—The highest, lowest and closing prices at
New York the past week have been as follows:
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SU P P L Y
go | | 1
Ig |I
O F CO TTO N
go I§ 8 Ig sA g s
to -n ig h t, a s m a d e
u p b y c a b le a n d t e l e g r a p h , is a s f o ll o w s .
F o r e ig n s t o c k s ,
a s w e l l a s t h e a f l o a t , a r e t h i s w e e k ’s r e t u r n s , a n d c o n s e
q u e n t l y a ll f o r e ig n fig u r e s a r c b r o u g h t d o w n to T h u r s d a y
e v e n in g .
B u t t o m a k e t h e t o t a l t h e c o m p le t e fig u r e s fo r
to - n ig h t ( F r id a y ) , w e a d d th e ite m
o f e x p o r ts fr o m
th e
U n it e d S t a t e s , in c lu d in g in it t h e e x p o r t s o f F r id a y o n ly .
1909.5J
1910.
1912.
1911.
A p r i l 19 —
7 2 9 ,0 0 0 1 ,2 8 8 ,0 0 0
.1 ,3 4 0 ,0 0 0 1 ,0 8 5 ,0 0 0
____-b a it
S t o c k a t L iv e r p o o l
8 ,0 0 0
4 ,0 0 0
5 ,0 0 0
6 ,0 0 0
S t o c k a t L o n d o n ____ __________ .
8 1 ,0 0 0
5 5 ,0 0 0
l o o .o o o
1 1 1 ,0 0 0
S t o c k a t M a n c h e s te r . . — . . .
T o t a l G r ea t B r ita in s t o c k —
S t o c k a t H a m b u r g ...........................
S to c k a t B rem en —
. . . .
S t o c k a t H a v r e --------------- -------S t o c k a t M a r s e ille s _________
S t o c k a t B a r c e lo n a ___ . . . .
S t o c k a t G e n o a ...........- ____ . . _ .
S t o c k a t T r i e s t e ______ _ _____
.1 ,4 5 4 ,0 0 0
.
7 ,0 0 0
. 6 5 6 ,0 0 0
. 3 3 3 ,0 0 0
4 ,0 0 0
2 2 ,0 0 0
5 3 ,0 0 0
1 3 ,0 0 0
1 ,1 9 1 ,0 0 0
7 ,0 0 0
2 4 4 .0 0 0
2 9 6 ,0 0 0
2 ,0 0 0
2 2 ,0 0 0
5 4 ,0 0 0
9 ,0 0 o
1 ,0 8 8 ,0 0 0
6 3 4 .0 0 0
T o ta l E u ro p ea n s t o c k s —
- 2 ,5 4 2 ,0 0 0
9 1 ,0 0 0
I n d ia c o t t o n a llo a t to r E u r o p e .
A m e r . c o t t o n a flo a t to r E u r o p e . . 6 1 1 , 8 7 1
3 6 ,0 0 0
E g y p t . B r a z il, & c .,a llt .f o r E u r o p e
. 2 1 0 ,0 0 0
S to c k In A le x a n d r ia , E g y p t .
6 8 8 ,0 0 0
S t o c k In B o m b a y . I n d ia - -----S t o c k In U . S . p o r t s ................ - - . 7 2 8 ,8 2 4
3 4 3 ,3 1 9
S t o c k In U . S . I n te r io r t o w n s
3 6 ,2 1 1
U . S . e x p o r t s t o - d a y --------- ;
1 ,8 2 5 ,0 0 0
1 4 9 ,0 0 0
2 0 7 ,4 1 9
2 3 ,0 0 0
1 9 1 ,0 0 0
6 0 1 ,0 0 0
14 1 ,0 1 9
4 0 4 ,0 9 8
2 ,7 5 8
T o t a l C o n tin e n ta l s t o c k s
7 8 8 ,0 0 0
7 ,0 0 0
2 8 1 ,0 0 0
3 0 4 ,0 0 0
3 ,0 0 0
8 ,0 0 0
3 0 ,0 0 0
5 ,0 0 0
1 ,3 7 7 ,0 0 0
1 1 ,0 0 0
4 6 4 ,0 0 0
3 3 1 ,0 0 0
4 ,0 0 0
4 2 ,0 0 0
4 4 ,0 0 0
2 ,0 0 0
6 3 8 .0 0 0
8 9 8 ,0 0 0
l , 1 2 0 ,0 0 0 :2 ,2 7 5 ,0 0 0
2 1 6 ,0 0 0
1 5 7 ,0 0 0
2 8 4 ,7 8 8
3 1 2 ,2 3 5
1 6 ,0 0 0
3 3 ,0 0 0
1 2 3 ,0 0 0
2 4 4 .0 0 0
7 2 8 ,0 0 0
4 6 3 ,0 0 0
5 4 0 ,3 0 1
6 0 3 ,5 8 9
3 9 3 ,2 2 9
5 1 6 ,9 6 6
1 0 ,1 2 6
1 9 ,6 1 2
T o t a l v is ib le s u p p l y . -------------- . 5 .2 8 7 ,2 5 5 3 ,8 1 1,294 13 ,7 3 7 ,4 4 4 4 ,6 2 4 .4 0 2
O f t h e a b o v e , t o t a ls o ( A m e r ic a n a n d o t h e r d e s c r ip t io n s a r c a s fo llo w s:
A m e r ic a n —
9 5 3 ,0 0 0
.1 ,2 2 4 ,0 0 0
6 6 4 ,0 0 0 1 .1 7 9 ,0 0 0
L iv e r p o o l s t o c k --------ba
8 2 ,0 0 0
4 3 ,0 0 0
7 9 .0 0 0
6 5 ,0 0 0
......................
M a n c h e s te r s t o c k
5 8 9 ,0 0 0
1 ,0 6 7 ,0 0 0
60 1 ,0 0 0
8 5 5 ,0 0 0
C o n tin e n ta l s t o c k ...........- ..........
2
0
7
,4
1
9
2
8
4
,7
8
8
.
6
1
1
,8
7
1
3
1 2 ,2 3 5
A m e r ic a n a llo a t fo r E u r o p e ..
4 4 1 ,0 1 9
7 2 8 ,8 2 1
5 4 0 ,3 0 1
6 0 3 ,5 8 9
U . S . p o r t s t o c k s .............
4 0 4 ,0 9 8
3 4 3 ,3 49
3 9 3 ,2 2 9
5 1 6 ,9 6 6
U . S . In te r io r s t o c k s . . . . . 2 ,7 5 8
3 6 ,2 11
1 0 ,1 2 6
1 9 ,6 1 2
U. S . e x p o r ts to -d a y T o t a l A m e r i c a n -----------------E a s t I n d i a n , B r a z i l , A c .—
L iv e r p o o l s t o c k ---------- ------------L o n d o n s t o c k ------ —
-----M a n c h e s te r s t o c k ------ ------------C o n tin e n ta l s t o c k — ...........
I n d ia a f lo a t to r E u r o p e -----E g y p t , B r a z il, & c ., a flo a t —
S t o c k in A le x a n d r ia , E g y p t S t o c k in B o m b a y , I n d ia
-
.4 ,0 8 0 ,2 5 5 2 ,6 7 9 ,2 9 4 :2 ,5 3 6 ,4 4 4 3 ,5 5 1 ,4 0 2
.
.
.
.
1 1 6 ,0 0 0
3 ,0 0 0
3 2 ,0 0 0
3 1 ,0 0 0
9 1 ,0 0 0
3 6 ,0 0 0
2 1 0 ,0 0 0
6 8 8 ,0 0 !)
1 3 2 ,0 0 0
6 ,0 0 0
1 8 ,0 0 0
4 5 ,0 0 0
1 4 9 ,0 0 0
2 3 ,0 0 0
1 9 1 ,0 0 0
6 0 1 ,0 0 0
6 5 ,0 0 0
4 ,0 0 0
1 2 ,0 0 0
3 7 ,0 0 0
2 1 6 ,0 0 0
1 6 ,0 0 0
1 2 3 ,0 0 0
7 2 8 ,0 0 0
1 0 9 ,0 0 0
8 ,0 0 0
1 6 ,0 0 0
4 3 ,0 0 0
1 5 7 ,0 0 0
3 3 ,0 0 0
2 4 4 ,0 0 0
4 6 3 ,0 0 0
T o t a l E a s t I n d ia , &c
- - - - - -. 1L,22 0 7 .0 0 0 1 ,1 0 5 ,0 0 0 1 .2 0 1 .0 0 0 1 .0 7 3 ,0 0 0
. 4 ,0 8 0 ,2 5 5 2 .6 7 9 ,2 9 4 2 ,5 3 6 ,4 4 4 3 ,5 5 1 ,4 0 2
T o t a l A m e r i c a n ........... - T o t a l v is ib le s u p p l y ------ --------- . 5 ,2 8 7 ,2 5 5 3 ,8 4 4 ,2 9 4 3 ,7 3 7 ,4 4 4 4 ,6 254. 4,400d2.
7 .8 7 d .
.
6 .0 2 d .
8 .1 0 d .
M id d lin g U p la n d , L iv e r p o o l
1 0 .4 5 c .
1 5 .I 5 c .
1 1 .8 0 c .
0 cu..
M id d lin g U
e w \ o rk
u p ila
and
a, N
iscw
i1u5 ..0
uu
15 q d . 8 l l - 1 0 d
E g y p t G o o d B r o w n , L i v e r p o o l . - 10 3 -1 6 d . 10 1 3 -1 6 d .
7 .7 5 d .
11 .0 0 (1 .
P e r u v ia n , R o u g h G o o d , L iv e r p o o l
9 .1 0 d .
U .2 5 d .
5 5 -1 6 d .
7 H d.
6d.
7 9 -1 6 d .
B r o a c h , F in e , L i v e r p o o l - . . - -----5«d.
7 l- 1 6 d .
T ln n e v c lly , G o o d . L iv e r p o o l------ 5 1 5 -1 6 d .
7 7 -1 0 d .
Continental imports for the past week have been 147,000
. . . .
200
1600
100
100
200
200
70
100
17 0 0
1 ,8 7 0
400
2 .2 7 0
200
70
The above figures for 1912 show a decrease from last week
of 103,957 bales, a gain of 1,442,901 bales over 1911, an ex
cess of 1,549,811 bales over 1910 and a gain of 662,853 bales
over 1909.
AT THE INTERIOR TOWNS the ovement—that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the* same items
for the corresponding period for the previous^year—is set
out in detail below.
M lssoi
N o r th
O h lo S o u th
T enne
T p x ,i s
mmm
’ . .
Ii
! ; j !
jj|j
i
.
.
1
1
l
1
1
n
i
1
1
,
1
1
1
1
S5!
Oi
p 1
p 1
1 1
1 1
1 t
1 1
1 •
o§.
S,
Oi i
S • '
p ' 1
1 1 •
1 t 1
1 » 1
1 « '
» • »
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The above totals show that the interior stoeks have d e
during the week 31,925 bales and are to-night 00,749
bales less than a t the same time last year. The receipts
at all towns have been 21,570 bales more than the same
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement showing the
overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
crea sed
A p r i l 19—
S h ip p e d —
V ia S t . L o u is . . - - _ _______
V ia C airo _____ ________________
V ia R o c k I s la n d . _ _____ .
V ia L o u is v ille . _
____ ____
V ia C in c in n a t i.................. .....................
V ia V ir g in ia p o i n t s ____________
V ia o th e r r o u te s , & c --------------
--------19 1 1 - 1 2 ------S in c e
W eek.
S e p t. 1.
5 0 0 ,5 8 9
. 1 3 ,2 0 4
5 5 ,3 2 7
_
320
.
232
0 ,0 3 1
. 3 ,0 4 9
1 4 3 ,1 0 0
- 2 ,5 1 9
1 1 3 ,8 8 0
1 ,0 8 9
1 7 7 ,0 4 0
- 0 ,3 2 4
4 0 1 ,9 0 9
------- 19 1 0 - 1 1 -------S in c e
W eek .
S e p t. 1.
4 0 0 ,0 0 2
0 ,4 1 4
1 9 3 ,2 9 0
2 ,4 4 0
2 5 ,9 0 7
45
1 2 0 ,8 9 7
043
0 9 ,9 2 1
2 ,2 2 5
3 ,2 7 8
1 5 9 ,1 9 1
1 0 1 ,0 1 0
4 ,8 9 4
T o ta l g r o s s o v e r la n d ......................
D e d u c t s h ip m e n ts —
O v e r la n d to N . Y ., B o s t o n , &c
B e t w e e n In te r io r t o w n s . - - - - - I n la n d , & c ., fro m S o u t h ................
.2 7 ,9 3 7
1 ,4 0 5 ,1 4 2
1 9 ,9 4 5 1 ,1 9 0 ,2 7 8
_ 5 ,0 4 0
. 3 ,7 8 2
. 0 ,0 4 5
1 7 0 ,4 0 4
9 1 ,5 3 0
4 7 ,3 1 8
1 ,5 9 8
809
855
1 5 0 ,1 1 3
5 4 ,0 4 0
4 0 ,0 1 3
T o ta l t o b e d e d u c t e d - ........... - . .1 5 ,4 7 7
3 1 5 ,2 5 2
3 ,3 2 2
2 4 4 ,7 0 0
L e a v in g t o t a l n e t o v e r la n d * --------- . 1 2 , 4 0 0
1 ,1 4 9 ,8 9 0
1 0 ,0 2 3
9 4 5 ,5 1 2
* I n c lu d in g m o v e m e n t b y r a il t o C a n a d a .
The foregoing shows the week’s net overland movement
has been 12,400 bales, against 10,023 bales for the week last
year, and that for the season to date the aggregate net over
land exhibits an increase over a year ago of 204,378 bales.
1 0 1 1 - 1 2 --------I n S lo h t a n d S p i n n e r s ’
S in c e
T a k in g s .
W eek .
S e p t . 1.
R e c e ip ts a t p o r ts to A p r il 19
. 1 0 5 ,3 1 9 1 0 ,9 4 8 ,5 6 4
N e t o v e r la n d to A p r il 19
. 1 2 ,4 0 0
1 ,1 4 9 ,8 9 0
S o u th e r n c o n s u m p t io n to A p r il 19 . 5 0 ,0 0 0
1 ,0 7 6 ,0 0 0
----------1 9 1 0 -1 1
U'eeA:.
5 1 ,5 4 4
1 0 ,0 2 3
4 9 ,0 0 0
S in c e
S e p t. l .
7 ,9 8 0 ,1 3 9
9 4 5 ,5 1 2
1 ,5 6 4 ,0 0 0
T o ta l m a r k e t e d -------------------------- 1 7 3 ,7 7 9 1 3 ,7 7 4 ,4 5 4
I n t e r io r s t o c k s in e x c e s s -----. * 3 1 ,9 2 5
2 4 2 ,9 1 2
1 1 7 ,1 0 7
* 3 4 ,4 8 7
1 0 ,4 8 9 ,0 5 1
3 5 3 ,3 2 0
C a m e In to s ig h t d u r in g w e e k . . . 1 4 1 ,8 5 4
T o t a l In s ig h t A p r il 1 9 -----------N o r . s p in n e r s ’ t a k in g s t o A p r . 1 9 .
1 6 ,3 7 9
8 2 ,6 8 0
1 4 ,0 1 7 ,3 0 0
2 ,0 0 9 ,0 7 7
1 0 ,8 4 2 ,9 7 1
3 5 ,6 4 0
1 ,8 6 5 ,1 1 8
• D e c r e a s e d u r in g w e e k .
Movement into sight in previous years:
W eek—
J ia le s . I S in c e S e p t . 1—
B a le s .
1 9 1 0 — A p r il 2 2 _______________1 1 2 ,4 1 7 11 9 0 9 - 1 0 — A p r il 2 2 ________ 9 ,4 2 5 ,4 8 0
1 9 0 9 — A p r il 2 3 ___________. .1 4 4 ,7 1 3 1 9 0 8 -0 9 — A p r il 2 3 .
1 2 ,1 5 0 ,4 9 4
1 9 0 8 — A p r il 2 6 ______ - - - - - - 9 2 .8 8 7 | 1 9 0 7 - 0 8 — A p r il 2 5 ____ ..1 0 , 2 1 5 , 1 1 0
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below as the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week: |j
C lo s in g Q u o ta tio n s to r M id d li n g C o tto n on
W eek e n d in g
A p r i l 19.
G a lv e s to n ____
N e w O r le a n s ___
M o b i l e .................
S a v a n n a h ____
C h a r le s to n ___
W il m in g t o n . . .
N o r fo lk . ____
B a l t i m o r e _____
P h ila d e lp h ia . .
A u g u sta " _____
M e m p h is __
S t . L o u is ___
H o u s t o n ____
L it t l e R o c k ____
S a t'd a y .
M o n d a y . T u e s d a y . W e d 'd a y ^ T h u r s d 'y . F r i d a y .
11 U
11 9 -1 6
11 X
11
11
11
1 1}'.
11 'A
1 1 .9 0
11 H
11 H
11
11 %
11 M
11M
11 9 -1 0
11 H
11
11
11
l l */i
11 'A
1 1 .8 0
11 U
11 %
11 W
115s
U X
n*A
11 9 -1 6
11H
nys
1l'A
11 'A
1114
1 1 >2
1 1 .9 5
11K
11H
n 'A
11 u
11%
11H
11 11-16
11%
1 l' A
11 'A
11 'A
11%
11%
1 2 .0 5
11%
11%
11%
11%
11%
11 1 5 -1 0
11%
11 'A
11 'A
11 'A
1 1 'A
11%
11%
1 2 .1 0
11%
11 %
11%
11%
11%
11 1 5 -1 6
11 %
11 5-1 6
11%
11 %
11%
11%
11%
1 2 .0 5
11%
11%
11 %
11%
11%
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week nave been as follows:
S a t'd a y , M o n d a y , T u e s d a y , W e d ’d a y , T h u r s d ’y, F r id a y .
A p r i l 13. A p r i l 1 5 . A p r i l 1 6 . A p r i l 1 7 . A p r i l 1 8 . A p r i l 1 9 .
© <0 © >-* 50>-‘©l«5 00lJ©h-eC«O.U©W © © 0G© «.| M © © © 4* © ©
o M4^ © © © © o © COMCOCO© © CCM c< CDto © o CO© © 00 © 00 4*
0>OMCO C« © © h*CO*©00 c»M Vs © £» m 'o '©£*■MIS90 ©oo©©©VCoVi
©©©4**vlCO£.4-.»4© CD© © ©CD£* © 00i-*© M ©©©©£*©©>-* ©0o
MMMtNiOO^QQttKOOO^lOOMMtjeJMCTtOO-vlOlNJCTOOMCTMC
©CO l
© OI
© I
1137
THE CHRONICLE
A pr . 20 1912.)
A p r il—
R a n g e ___. .
----@ -----C lo s in g .
1 1 .0 0 —
M ay—
R a n g e _______ 1 1 .6 6 -.8 1
C lo s in g _______ 1 1 .6 6 - .6 7
June—
R a n g e _______ — (a! —
C l o s i n g .______ 1 1 .0 8 —
J u ly —
R a n g e _______ 1 1 .7 2 - .8 8
C lo s in g _______ 1 1 .7 2 - .7 3
A u g u s t—
R a n g e _______ •— a --C lo s in g _______ 1 1 .5 8 - .6 0
S e p te m b e r —
R a n g e . ______ ---- 0 ---C lo s in g .
___ 1 1 .4 8 - .5 0
O ctober—
R a n g e _______ 1 1 .4 4 -.6 1
C lo s in g .
_ 1 1 .4 4 - .4 5
N ovem ber—
R a n g e ----------- — 1 1 .5 1
C lo s in g ______ 1 1 .4 5 —
D ecem b er—
R a n g e ----------- 1 1 .4 7 -.0 1
C lo s in g ----------- 1 1 .4 7 -. 48
Jan u ary—
R a n g e _______ 1 1 .4 9 - .0 0
C lo s in g ----------- 1 1 .4 9 -.5 1
T o n e—
F ir m .
S p o t . . -------O p t i o n s ............ S t e a d y .
— @ —
1 1 .6 0 —
— @ — — @ — — <® —
1 1 .7 8 — 1 1 .8 7 —- 1 1 .7 9 —
1 1 .5 4 - .6 6
1 1 .0 4 - .6 5
1 1 .8 0 - .9 5 1 1 .8 0 - .9 6 1 1 .8 1 - .8 8
1 1 .8 3 -.8 4 1 1 .9 2 -.9 3 1 1 .8 5 - .8 6
— @ —
1 1 .0 6 —
— <a — —- @ — — @ —
1 1 .8 7 — 1 1 .9 5 — 1 1 .8 9 —
1 1 .6 0 -.7 3
1 1 .7 1 -.7 2
1 1 .9 0 -.0 1 1 1 .8 8 - .0 6 1 1 .9 0 - .9 9
1 1 .9 1 -.9 2 1 2 .0 1 -.0 2 1 1 .9 4 - .9 5
11-8 6 -.8 7 1 1 .7 6 - .8 7 1 1 .7 0 —
1 1 .7 8 -.8 1 1 1 .8 7 -.8 8 1 1 .8 0 - .8 2
— @ —
1 1 .5 7 - . 59
— @ —
1 1 .4 7 -.4 9
IIO L IDAY.
— @ — — @ — — @ —
1 1 .7 0 - .7 2 1 1 .8 1 -.8 3 1 1 .7 4 - .7 6
1 1 .3 4 -.4 4
1 1 .4 2 -.4 3
1 1 .6 1 -.7 2 1 1 .6 4 - .8 0 1 1 .0 2 - .7 2
1 1 .6 5 - . 60 1 1 .7 5 -.7 6 1 1 .6 8 - .6 9
— @ —
1 1 .4 3 —
— @ — — @ — — @ —
1 1 .6 6 — 1 1 .7 7 — 1 1 .6 9 —-
1 1 .3 8 - .4 7
1 1 .4 5 -.4 6
1 1 .0 4 -.7 4 1 1 .6 6 -.8 1 1 1 .0 5 - .7 3
1 1 .6 7 -.0 8 1 1 .7 7 - .7 8 1 1 .7 0 -.7 1
1 1 .3 9 - .4 0
1 1 .4 7 -.4 9
1 1 .7 2 -.7 6 1 1 .7 8 -.8 2 1 1 .6 9 - .7 5
1 1 .0 9 -.7 1 1 1 .7 9 -.8 1 1 1 .7 1 -.7 3
Q u ie t.
S te a d y .
F ir m .
F ir m .
S tea d y .
F ir m .
S tea d y .
S t e a d y .1
S te a d v A
WEATHER REPORTS BY TELEGRAPH.—Our tele
graphic reports from the South this evening denote that rain
has fallen in most localities during the week with the pre
cipitation heavy in a number of sections and excessive in
districts of Alabama, Mississippi and Arkansas. Cotton
planting in Texas is progressing well, but from many other
localities preparations and planting are reported backward
on account of wet weather. The Mississippi River con
tinues at a very high stage and breaks in the levees are
reported at points in Arkansas, Mississippi and Louisiana.
G a lv e s to n , T e x . —It has rained on two days of the week,
the rainfall reaching one inch and seventy-six hundredths.
The thermometer has averaged G7, ranging from 60 to 74.
A b i l e n e , T e x . —We have had rain on four days the past
week, the rainfall being ninety-eight hundredths of an inch.
Lowest thermometer 40.
P a le s t i n e , T e x . —There has been rain on two days during
the week, the rainfall being sixty-nine hundredths of an inch.
The thermometer has ranged from 44 to 76, averaging 60.
S a n A n t o n i o , T e x . —Dry all the week.
Average ther
mometer 65, highest 80, lowest 65.
T a y l o r , T e x . —It has rained on one day of the week, the
rainfall reaching one hundredth of an inch. Minimum ther
mometer 46.
N e w O r le a n s , L a . —We have had rain on five days of the
week, the rainfall reaching four inches and twenty-six
hundredths. The thermometer has averaged 71.
S h r e v e p o r t, L a . —The week’s rainfall has been two inches
and thirty-four hundredths, on three days. Average ther
mometer 68, highest 85 and lowest 50.
V i c k s b u r g , M i s s . — We have had rain on four days of the
week, the rainfall reaching five inches and nineteen hun
dredths. The thermometer has averaged 66, the highest
being 81 and the lowest 50.
H e le n a , A r k . —Too much rain for farming. The river is
2 feet 3 inches above the highest previous level and rising,
but Helena is still dry. We have had rain on five days
the past week, the rainfall being two inches and forty-five
hundredths. The thermometer lias averaged 64.7, ranging
from 48 to 81.
L it t l e R o c k , A r k . —There has been rain on four days during
the week, to the extent of two inches. The thermometer
has ranged from 43 to 84, averaging 63.5.
M e m p h i s , T o r n . —The river is 41.5 feet on the guage, or
6.5 feet above the flood stage, and falling. I t has rained on
three days of the week, the precipitation being ninety-six
hundredths of an inch, and it is now raining. Average ther
mometer 64, highest 81, lowest 47.
M o b ile , A l a . —We have had heavy rain on five days the
past week, the rainfall being ten inches and forty-seven
hundredths. The thermometer has averaged 68, the highest
being 79 and the lowest 61.
^
M o n tg o m e r y , A l a . —Farm work is very backward.
We
have had a heavy downpour of rain on five days during the
week, the rainfall being nine inches and fifty-nine hun
dredths. The thermometer has ranged from 46 to 74,
averaging 60.
THE CHRONICLE
1138
[VOL.
LXXXXIV
SHIPPING NEWS.— As shown on a previous page, the
S e l m a , A l a .— Preparations for the crop and planting itself
are exceedingly backward. Farmers are very much dis exports of cotton from the United States the past week have
couraged. We have had rain on six days during the week, reached 134,350 bales. The shipments in detail, as made
the rainfall being four inches and eighty-five hundredths. up from mail and telegraphic returns, are as follows:
The thermometer has ranged from 48 to 86, averaging 67.5.
T o ta l b a le s.
S a v a n n a h , G a .— We have had rain on three days of the N E W Y O R K — T o L iv e r p o o l— A p r il 1 5 — C e r v lc , 4 , 5 6 0 . .A p r il 1 6 —
C a r m a n la , 3 5 7 u p la n d , 100 S e a I s l ____A p r il 17— C e d r ic , 1 ,1 4 5
0 ,2 5 8
week, the rainfall reaching one inch and thirteen hundredths.
T o H a m b u r g — A p r il 1 3 — P e n n s y lv a n ia , 0 2 5 _________ __________
925
249
T o A n t w e r p — A p r il 12— V a d e r la n d , 2 4 9 _________________________
The thermometer has averaged 71, the highest being 82 and
T o G e n o a — A p r il 12— B e r lin , 5 0 7 ; C a la b r ia , 1 . 5 0 0 . . .A p r il 17—
the lowest 56.
M o ltk e , 5 0 _______________________________________
2 ,0 5 7
C h a r l o t te , N . C .— It has rained during the week, the rain N E W Y O R K — T o N a p le s — A p r il 1 2 — B e r lin , 1 ,1 5 0 ___C a la b r ia ,
1
8
6
.
..A
p
r
i
l
17—
S
a
n
G
io
r
g
io
,
1
5
6
____
________________________
1 ,4 9 2
fall reaching eighty-one hundredths of an inch. Average
T o L e g h o r n — A p r il 12— C a la b r ia , 1 0 0 ___________* ...............................
100
thermometer 62, highest 80 and lowest 44.
T o T r ie s t e — A p r il 1 2 — A t la n t a , 4 0 0 .............. ....................... .......................
400
T o I n d ia — A p r il 1 3 — S w a z i, 4 ,1 0 6 ------------------------ ------------------------ 4 ,1 0 6
C h a r l e s t o n , S . C .—There has been rain on three days
during the week, to the extent of one inch and ninety-six G A L V E S T O N — T o L iv e r p o o l— A p r il 12— R io J a n o , 1 1 , 2 0 2 . . .A p r il
13— S t e p h e n , 1 0 ,6 3 2 ____________________________________________ 2 1 ,8 3 4
hundredths. The thermometer has ranged from 56 to 81,
T o R o t t e r d a m — A p r il 1 8 — K e n d a l C a s tle , 5 4 8 — ---------------- -----548
T o B a r c e lo n a — A p r il 17— P Io I X , 2 ,6 7 3 -------------- ------------------------ 2 ,6 7 3
averaging 69.
P O R T A R T H U R — T o H a v r e — A p r il 19— T e e s b r l g c , 7 ,7 0 0 ----------- 7 ,7 0 0
WORLD’S SUPPLY AND TAKINGS OF COTTON.
N E W O R L E A N S — T o H a v r e — A p r il 19 — B r itis h M o n a r c h , 6 , 3 2 4 . .
6 ,3 2 4
1 9 1 1 -1 2 .
C o tto n T a k in g s .
W eek an d S eason .
W eek.
1 9 1 0 -1 1 .
W eek .
| S eason.
5 ,3 9 1 ,2 1 2
1 ,6 0 3 ,4 1 8
1 4 1 ,8 5 4 1 4 ,0 1 7 ,3 6 6
6 1 ,0 0 0 1 ,8 1 6 ,0 0 0
6 ,0 0 0
1 1 2 ,0 0 0
4 .0 0 0
9 5 2 .0 0 0
2 .0 0 0
1 8 9 .0 0 0
V is ib le s u p p ly S e p t . 1 ---------- -A m e r ic a n In s ig h t to A p r il 1 9 . .
B o m b a y r e c e ip t s to A p r il 1 8 ___
O th e r I n d ia s h i p ’ts t o A p r il 1 8 . .
A le x a n d r ia r e c e ip t s t o A p r il 1 7 .
O th e r s u p p ly t o A p r il 17 •
.
S eason .
3 ,9 5 5 ,3 4 1
1 ,4 9 5 ,5 1 4
8 2 ,6 8 0 1 0 ,8 1 2 ,971
8 4 ,0 0 0 1 ,8 1 4 ,0 0 0
8 ,0 0 0
2 9 0 ,0 0 5
4 .0 0 0
9 9 2 .0 0 0
5 .0 0 0
2 2 9 .0 0 0
T o t a l s u p p l y __________________ 5 ,6 0 6 ,0 6 6 1 8 ,6 8 9 ,7 8 4 4 ,1 3 9 ,0 2 1 1 5 ,6 6 3 ,4 9 0
D e d u c t—
V is ib le s u p p ly A p r il 1 9 .................... 5 ,2 8 7 ,2 5 5 5 ,2 8 7 ,2 5 5 3 ,8 4 4 ,2 9 4 3 ,8 4 4 ,2 9 4
2 9 4 .7 2 7 1 1 ,8 1 9 ,1 9 6
3 1 8 .8 1 1 1 3 .4 0 2 .5 2 9
T o t a l t a k in g s t o A p r il 1 9 _______
2 1 7 .7 2 7 8 ,9 5 7 ,1 9 1
2 5 1 .8 1 1 1 0 .7 8 9 .5 2 9
O f w h ic h A m e r ic a n ___________
7 7 ,0 0 0 2 ,8 6 2 ,0 0 5
6 7 ,0 0 0 2 ,6 1 3 ,0 0 0
O f w h ic h o t h e r ................ ..........
• E m b r a c e s r e c e ip t s In E u r o p e fr o m B r a z il, S m y r n a , W e s t I n d ie s , & c.
INDIA COTTON MOVEMENT FROM ALL PORTS.
1911-12.
A p r il 18.
R eceipts a t—
1910-11.
S ince
S e p t. 1.
W eek.
W eek.
-
1900-10.
S in ce
S ; p t. 1.
S ince
S e p t. 1.
W eek.
B o m b a y .............. .................. .. J 6 1 ,000 1.816.000 8 1 ,000 1.811,000 76,000 2 ,6 3 9 .9 0 0
For the W eek.
Since Septem ber 1.
E xports,
Great C onti J a p a n
Japan
from —
Great
C on ti
B ritain. nent. & China Total. B rita in .
nent.
& China. T otal.
B om bay —
l Ot l - 1 2 . .
1910-1l .
1 9 0 9 -1 0 ..
C alcu tta—
1 9 1 1 -1 2 ..
1910-11.
1 9 0 9 -1 0 ..
M adras—
1 9 1 1 -1 2 ..
1910-11.
1909-10.
All oth ers—
1 9 11-12.
1910-11.
1 9 0 0 -1 0 ..
188,000
615,000
735,000
2,0 0 0
3.0 0 0
3,0 0 0
10,000
2 7,000
3 0 ,000
2,500
18,009!
3 6 ,000
14,500
48,000
6 9 ,000
2,000
8.000
1,000
5,000
18,000
10,000
800
5
1.000
7,800
28,005
15,000
6.000
5.000
13,000
5,000
27,000
19,000
68,000
1S4.000
192,000
16,700
5,000
2,0 0 0
89,700
2 1 6,000
2 1 3,000
1.00C 19,000 16,000 36,000
1.00C 36,000 30,000 70,000
60.000 3 3 .000 93.000
15,000
71.000
101.000
271,000
844,000
9 6 7.000
3,00 0
1 ,000
3 ,0 0 0
1,000
6,000
5,000
13,000
T o ta l a ll—
1 )1 1 - 1 2 ..
1910-11.
1 9 0 9 -1 0 ..
6 11,000 8 3 5.000
4 0 0 ,0 0 0 1,018.000
701,000 1,517,000
6.1 0 0
3 3 ,000
78,000
1,000 13,000 16,000 3 0 ,000
4,000 28,000 3 0 ,000 62,000
46,000 3 3 ,000 79,000
661,000 947,000
4 2 3 ,0 0 0 1,338,000
743,000 1.814.000
ALEXANDRIA RECEIPTS AND SHIPMENTS.
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
3 0 ,0 0 0
7 ,1 3 7 ,8 7 1
3 0 ,0 0 0
7 ,4 4 2 ,9 1 8
6 ,0 0 0
4 ,8 6 3 ,9 7 7
S in c e
T h is
W e e k . S e p t. 1.
S in c e
T h is
W e e k . S e p t. 1.
T h is
S in c e
W eek . S e p t. 1.
5 ,0 0 0 1 7 3 ,8 / 3
1 8 8 ,9 6 1
7 ,6 6 6 3 0 0 ,0 1 6
4 ,0 0 0 8 5 ,6 9 9
4 ,5 0 0 1 9 1 ,8 7 7
1 9 2 ,0 5 1
5 ,0 0 0 3 3 4 ,4 6 5
1 .7 5 0 1 0 0 ,5 2 8
2 ,0 0 0 1 3 8 ,6 3 8
____ 1 1 2 ,3 5 2
2 ,5 0 0 2 5 5 ,1 0 0
500 5 7 ,5 8 2
---------- 1 6 ,0 0 0 7 4 8 ,5 4 9
1 1 ,2 5 0 8 1 8 ,9 2 1
5 ,0 0 0 5 6 3 ,6 7 2
R e c e ip ts (c a n ta r s ) —
T h is w e e k ................... ..........
S in c e S e p t . 1 ...................... ..
E x p o r ts ( b a le s )—
To
To
To
To
L iv e r p o o l_____________
M a n c h e s te r . —
..
C o n tin e n t a n d I n d ia . .
A m e r ic a ______________
T o ta l e x p o r ts .
MANCHESTER MARKET.—Our report received by cable
to-night from Manchester states that the market is firm for
both yarns and shirtings. Spinners are considered to be
well under contract. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison.
_______________________________________ _
1911.
1912.
8% tbs. S h irt
in g s, common
to lines! ■
32.5 Cop
T w ist.
d. s. d.
d.
Mar.
1
8
15
22
29
Apr.
5
12
19
8
9
9
9
9
15-16®
10
1-16®
1041
3 -1 6 ® 10 3-16
3 -1 6 ® 10 3-16
5 -1 6 ®
10%
9 5 -1 6 ®
9 j|
ffi
5
5
5
5
6
10% 6
6
10 H 6
s. d.
Cot'n
MM.
U p l’s
d.
5.91
7%@ll 1
9 @ 1 1 2 % 6.03
10% @ 1 1 2 % 6.18
10
11 2 % 6.11
6.17
0 @ 11 3
0 @ 11 3
1 @11 4%
1% @ 11 5
8% lbs. S hirt
in g s, common
to linest.
32s Cop
T w ist.
d.
10 7 -16®
10% @
10% ©
10% @
10% ©
d. s. d.
11%
11%
11%
11%
11%
s. d.
C o t’n
M id .
U p l’s
d-
5 7 @ 1010%
5 0 % © 1010
5 11 @11 0
5 11 @11 0
5 11 @ 11 0
7.64
7.66
7.75
7.73
7.70
6.17 10 9 -1 6 ® 11 9-16 5 11 @11 0
6.44 10 9 -1 6 ® 11 9-16 5 11 11
1%
6 .6 2 10% @ 11% 6 0@ 11
7.83
7 .9 6
8.10
MISSISSIPPI FLOOD.— Up to'the time of our going to
press last Friday, we had received advices of only minor
breaks in the levees protecting cotton territory along the
Mississippi River. That night crevasses occurred at
Panther Forest, on the Arkansas shore nineteen miles
above Greenville, Miss., and in East Carroll Parish, Louisi
ana, which inundated considerable land in Arkansas and
northeastern Louisiana, much of which, however, is re
ported to be swampy stretches, although considerable
rich farming land also suffered overflow. Another break
was reported at Beulah, Bolivar Co., Miss., on Thursday,
putting a considerable section of cotton land underwater.
T o ta l
........................
........... ........................................... ..............................................1 3 4 .3 5 0
The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
C,rent F ren ch G er- -—O lli.E tr o p e — M e x .,
B r ita i n . P o r ts . m a n u . N o r th . S o lltll. & c . J a p a n .
_ 5 113
N ew Y ork —
925
249
4 ,0 4 9 4 , 1 0 6
. G a lv e s to n . . _ .2 1 8 3 4
548
2 ,6 7 3
7 .7 0 0
F ort A r th u r . „
N e w O r le a n s .
6 ,3 2 4
1 ,8 0 9
8 ,4 9 1
1, 100
M o b i l e _____ _
3 ,2 3 1
2 9 ,9 9 6
4 ,7 1 5 1 ,2 0 0
Savannah —
11 4 3 1
8 396
B o sto n
___
____
___
___
700
B a ltim o r e . .
____
1 ,0 9 0
____ .
___
100
P h ila d e lp h ia .
____
___ 1 ,6 4 6
S a n F r a n c is c o
3 ,0 4 7 3 ,8 77
—
—
—
—
S e a t t le _____
T o t a l _____
1 7 ,2 5 5 3 1 ,6 2 1
.4 6 8 7 4
4 ,7 9 6
1 9 ,9 2 8 8 ,3 5 3
5 ,5 2 3
T o ta l.
1 4 ,4 4 2
2 5 ,0 5 5
7 ,7 0 0
1 6 ,6 2 4
4 ,3 3 1
4 7 ,3 4 2
8 ,3 0 6
700
1 ,1 9 0
1 ,6 4 6
6 ,9 2 4
1 3 4 ,3 5 0
The exports to Japan since Sept. 1 have been 348,431 bales
from Pacific ports, 17,548 bales from Galveston, 28,975 bales
from Savannah and 23,109 bales from New York.
LIVERPOOL.— By cable from Liverpool we have the fol
lowing statement of the week’s sales, stocks, &c., at that port:
S a le s o f t h e w e e k ......... . b a l e s .
O f w h ic h s p e c u la t o r s t o o k . .
O f w h ic h e x p o r t e r s t o o k . .
S a le s , A m e r ic a n ------ . . . . . . .
A c t u a l e x p o r t . -------------- -- - - -
1 9 1 1 -1 2 .
A le x a n d r ia , E g y p t .
A p r i l 17.
T o R o t t e r d a m — A p r il 19— N ip p o n , 1 ,0 0 0 -------------------1 ,0 0 0
T o A n t w e r p — A p r il 17— D e v o n s h ir e , 8 0 9 -------- ------------------------809
T o G e n o a —-A pril 1 9 — D o r a B a lt e a , 3 ,7 0 4 ...........................
..............
3 ,7 0 4
T o T r ie s t e — A p r il 12— M a r a n n e , 1 ,9 6 5 ___A p r il 1 5 — M a r la , 6 4 4
2 ,6 0 9
T o V e n ic e — A p r il 1 2 — M a r ia n n e , 1 ,2 8 1 . .A p r il 1 5 — M a r la , 8 9 7
2 ,1 7 8
M O B I L E — T o H a v r e — A p r il 12— M o n a r c h , 3 , 2 3 1 . .
..............................
3 ,2 3 1
1 ,1 0 0
T o A n t w e r p — A p r il 13— E a s t la n d . 1 ,1 0 0 — ---------- -------------------S A V A N N A H — T o L iv e r p o o l— A p r il 12 — S a lt b u r n , 7 0 0 _____________
700
T o M a n c h e s te r — A p r il 12— S t r a t h a v o n , 1 0 , 7 3 1 . . ____ .
—
1 0 ,7 3 1
T o B r e m e n — A p r il
1 3 — W lr r a l, 7 , 6 1 7 ___A p r il
16— A t h o ll,
7 , 5 8 0 . . . A p r i l 1 8 — O a k ilc ld , 8 ,7 2 7 _____________________________ 2 3 ,9 2 4
T o H a m b u r g — A p r il 13— U r k lo la M e n d l, 2 0 2 ; W lr r a l, 8 7 0 ____
6 ,0 7 2
T o B a r c e lo n a — A p r il 18— F r lg td la , 4 ,7 1 5 ____ ___________________
4 ,7 1 5
T o I n d ia — A p r il 12— S t r a t h a v o n , 1 ,2 0 0 _________________________
1 ,2 0 0
B O S T O N — T o L iv e r p o o l— A p r il 11— M ic h ig a n , 3 , 3 2 6 ___A p r il 12—
C a n a d ia n , 2 , 7 6 7 ___A p r il 1 6 — -F r a n c o n ia , 2 ,3 0 3 _______________
8 ,3 9 6
B A L T I M O R E — T o B r e m e n — A p r il 1 3 — B r e s la u , 7 0 0 ______________
700
100
P H I L A D E L P H I A — T o L o n d o n — A p r il 1 5 — C ro w n P o in t , 1 0 0 ____
1 ,0 4 0
T o R o t t e r d a m — A p r il 1 6 — A m s t e ld y k , 1 , 0 4 0 . . . . . ___________
50
T o A n t w e r p — A p r il 11— M e n o m in e e , 5 0 _________________________
S A N F R A N C I S C O — T o J a p a n — A p r il 1 7 — N ip p o n M a r u . 1 , 6 4 6 . . .
1 ,6 4 6
S E A T T L E — T o C h in a — A p r il
17 -K e e m u n , 2 . 8 6 4 — A p r il
17—
M e x ic o M a r u , 1 8 3 . __________________ ____________ ______________
3 ,0 4 7
T o J a p a n — A p r il 17— M e x ic o M a r u , 3 ,8 7 7 ______________________
3 ,8 7 7
T o t a l s t o c k — E s t i m a t e d ...........
O f w h ic h A m e r ic a n .
T o t a l im p o r ts o f t h e w e e k . .
O f w h ic h A m e r ic a n ________
A m o u n t a l l o a t ...... ............................
O f w h ic h A m e r ic a n ________
A p r il 5.
2 6 ,0 0 0
600
600
2 4 ,0 0 0
4 ,0 0 0
6 9 ,0 0 0
1,2 7 4 ,0 0 0
1 ,1 5 9 ,0 0 0
7 2 ,0 0 0
6 7 ,0 0 0
3 4 0 ,0 0 0
3 0 5 ,0 0 0
M e lt. 2 9 .
4 5 ,0 0 0
1 ,0 0 0
2 ,0 0 0
4 1 ,0 0 0
1 1 ,0 0 0
7 7 ,0 0 0
1 ,2 7 5 ,0 0 0
1 ,1 6 2 ,0 0 0
1 6 7 ,0 0 0
1 4 4 ,0 0 0
3 4 4 ,0 0 0
3 0 9 ,0 0 0
A p r i l 12.
3 2 ,0 0 0
1 ,0 0 0
1 ,0 0 0
2 9 ,0 0 0
2 4 ,0 0 0
8 7 ,0 0 0
1 ,3 6 3 ,0 0 0
1 ,2 5 3 ,0 0 0
2 0 0 ,0 0 0
1 7 8 ,0 0 0
2 7 9 ,0 0 0
2 4 6 ,0 0 0
A p r i l 1 9.
61.0C 0
4.0C 0
1 ,0 0 0
5 4 ,0 0 0
7 ,0 0 0
7 5 ,0 0 0
1 ,3 4 0 ,0 0 0
1 ,2 2 4 ,0 0 0
5 9 ,0 0 0
4 2 ,0 0 0
2 8 9 ,0 0 0
2 5 8 ,0 0 0
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
S p o t.
M arket.
12:15
F . M.
S a tu rd a y.
M onday.
T uesday.
Q uiet.
Fair
business
doing.
Good
dem and.
}
}
j
W ednesday. T h ursday.
Good
dem and.
Good
dem and.
F rid a y.
F air
business
doing.
Mid. U pl’ds
6.53
6.46
6.50
063
6.67
6.62
S pec.& exp.
6,000
500
8.0 0 0
500
10,000
2 ,0 0 0
12,000
1,000
14,000
2,0 0 0
9,000
500
F utures.
S tead y at
M arket
’ 1@ 2 Dts.
opened
j p ts. dec.
M arket,
4
P . M.
Q uiet at
2 %> points
declin e.
Q uiet at
points
a dvance.
1%
S tea d y at Q uiet, itn- S tea d y at
2 points changed to
1 point
a d v a nce.
1 pt. ndv.
ad vance.
S tea d y at Feverish at Barclv sty . Q uiet at
Q uiet at
) Q uiet at
2% @ 3% 4@ 5% p ts
i 1 p t. d e c .to 4 © 6 % p ts. 3@ 8% pts. 5%(« 6%
a dvance.
p ts. adv.
p ts. adv.
a d v a n c e ..
j % p t. adv. decline.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
T h e p r ic e s a r e (liven in p e n c e a n a lO O ths.
A p !. 1 9 .
2 Vi
p .m .
12 %
p .m .
A p r i l ____
A p r ll-M a y
M a y -J u n e
J u n e - J u ly
J u ly - A u g .
A u g .- S e p .
S e p t .- O c t .
O c t .- N o v .
D e c .- J a n
a n .-F e b
F e b .-M e lt.
M c h .-A p r .
M on.
S a t.
A p i. 13
—
6
6
6
6
6
6
6
6
0
6
6
6
6
T h u s: 0 3 0 m e a n s 6 30-100<L
W ed .
T h u rs.
F r l.
12 % 4
12 % 4
12%
12
4
12%
4
4
p .m . p .m . p .m . p .m . p .m . p .in . p .m . p .m . p .m . p .m .
23 %
21 %
21 %
21%
21
18
14
11
09
08 %
15
08 %
15
15 % 09
16
09%
30%
28 %
28 %
28
27 %
2 1%
20 %
17 %
T u es.
24 %
22 %
22 %
22
21 %
18 %
14 %
11 %
09
08 %
08%
09
09%
27 %
25
25
24 %
24
21
16%
13%
11
10%
10%
11
11%
33
30 %
30 %
30 %
30
27
23
20
17 %
17
17
17%
18
ii% 39
36
38
36
38
36
38
3 7 1; 3 5
34 % 32
29
32
28 % 26
23
26
25% 23
2 5 % 23
23
26
26 % 24
39%
% 44 % 43
30
30
% 41
06
.T9
A 41
06
39
41
% 4 0 % 3 8 Yi 3 5 Yj
36
33
A 38
3 2 y* 3 0
34
A 3 0 % 29 % '27
27
25
A 28
27 % 2 6 % 24 %
2 7 % 2 6 A 24
\'%
1 28
27
25
28% 27 % 25 %
37%
34
34
34
30 Yi
0l
28
25
23
22 %
22
23
23 %
THE CHRONICLE
A P R . 'JO 1 9 1 2 . j
BR EAD STU FFS.
19 1912.
Flour has been rather quiet here but, in sympathy with the
sharp advance in wheat prices, have been firm. At the
Northwest there has been, as a rule, only a fair demand in
spite of the .rise in wheat. That caused an advance of 10 to
12 cents per barrel at Minneapolis, but this rise had a ten
dency to check business, and towards the close of the week
most mills reported trade very quiet. The business has been
mostly in small lots. Sales of large lots have been the excep
tion, though some mills report the directions on old orders
as somewhat better. During the week it is stated that
foreign sales from Minneapolis were some 15,000 barrels,
nearly half of which was patents, mostly for the Baltic, the
rest being clears. The output of flour at Minneapolis, Du
luth and Milwaukee last week was only 292,555 barrels,
against 330,430 barrels in the previous week and 356,140 for
the same week last year.
Wheat has been active, excited and higher, owing to re
ports of bad winter killing from the winter-wheat section,
especially east of the Mississippi River. West of the river
reports have come of a more reassuring character. But,
naturally, the speculative element has seized upon the badcrop reports as the reason for a big bull speculation. M ild
fluctuations have occurred: that is, ups and downs of 4 cents
in the May option in a single day, whereby many, in the
hackneyed parlance of the market, have been whip-sawed.
Of late the excitement iias died out to some extent, but the
market is still nervous, and, after a day or two of compara
tive quiet, Thursday witnessed another upturn of prices.
They advanced on assertions that some 3,000,000 acres will
have to be abandoned. The worst reports have come from
Indiana, Ohio and Illinois, and sensational estimates have
been made as to the yields of these States, figures, in other
words, showing a very decided falling off from the crops
of last year. The consensus of opinions seems to be that
the winter, which was the severest, it is said, for some 40 or
50 years, really did do a good deal of harm to the plant in the
shape of winter-killing. At times there were abundant
snows, followed by heavy rains; then would come sudden
drops in the temperature, which, it is said with some show
of reason, had a bad effect. At any rate, a goodly propor
tion of the wheat trade of this country seems to be convinced
that where there is so much smoke, there must be some fire;
and, putting this and that together and bearing in mind the
exceptional severity of the winter, that an unusual amount of
winter-killing took place. Just how much damage was really
done is not yet altogether clear. Speculation and sensa
tional reports alike tend to hide the real facts. Still it is
believed, as already intimated, that a good deal of harm
has been done. On the other hand, the world’s stocks are
still large, and events may yet show that the damage by
winter killing has been greatly exaggerated. It is reason
ably safe to assume that there has been some exaggeration:
Meanwhile the world’s stock is still about 200,000,000 bushels,
or some 27,000,000 bushels more than a year ago and 50,
000,000 more than two years ago. The world’s wheat stock,
too, is not decreasing as fast at it did a year ago; in fact, it
showed a decrease last week of only 1.090,000 bushels,
against 3,986,000 in the same week last year. The stock in
Europe and afloat for Europe, moreover, increased 1,700,000
bushels, against a decrease on the other hand of in the same
week last year 1,200,000 bushels. While there have been
rumors of large sales at Minneapolis and a fair amount of
export business has been done in Manitoba wheat, the cash
markets have as a rule been ratherq uiet. Rumors have
been in circulation that certain large concentrated holdings
at Chicago have been sold, but this rumor has been so often
heard within the last few months that it is received with con
siderable hesitation. The contract stock of wheat at Chi
cago is approximately 9,400,000 bushels, or nearly double
what it was a year ago, and of this large total certain inter
ests of Chicago are supposed to own the bulk. If these
holdings have not been disposed of, there is at least the possi
bility that on hny further advance of moment they may be
thrown on the market. There is another consideration
worth bearing in mind. The speculation has been so wild
and so big that a very large long interest has been accumu
lated, partly in weak hands. Nothing would be less sur
prising, bearing in mind what has happened in the past, than
for the crop reports to suddenly take on a more cheerful
hue, and big bull operators slip out of their holdings and sell
on a big scale for a decline. To-day prices advanced at
hon e and abroad on continued bad crop reports from the
West.
F r id a y N ig h t, A p r il
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S I N N E W Y O R K .
S a t.
M o n . T u e s . W e d . T h u r s . F r l.
H 3 « 1 1 3 # 1 13 # 114 j i n o # 111) #
113 Mi 11274 1 1 3 # 114
its
118#
.U 0K lio n ill
111H l l l l l
113H
N o . 2 red.. .............M ay d e liv e r y In e l e v a t o r .
J u ly d e liv e r y In e l e v a t o r
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S I N
S a t.
M o n . T u es. W ed.
M ay d e liv e r y In e l e v a t o r . .
109# m
n o #
111
J u ly d e liv e r y in e l e v a t o r ....................... 1 0 5 # lor,
106# 100#
S e p t e m b e r d e liv e r y in e l e v a t o r — 1 0 3 # 103
103
102 #
C H IC A G O .
T h u r s . F r l.
112# 113#
100# 108#
103
104 #
1129
fro m K a n sa s a n d N e b r a sk a , th e ca sh d em a n d se e m e d to k eep
p a c e w ith th e m .
I t is b e li e v e d t h a t t h e fa r m r e s e r v e s a r e
u n u s u a lly s m a ll, o w in g to e x p e n s iv e fe e d in g to s to c k b y
r e a s o n o f th e e x c e p tio n a lly s e v e r e w in te r .
T h e a v a ila b le
s u p p l y in t h is c o u n t r y la s t w e e k d e c r e a s e d c lo s e t o 2 ,7 0 0 ,0 0 0
b u s h e l s , w h ic h w a s a g r e a te r d e c r e a s e b y s o m e 1 ,2 0 0 , 0 0 0
b u s h e l s t h a n in t h e p r e v i o u s w e e k , o r in t h e s a m e w e e k la s t
year.
O n T h u r s d a y th e M a y o p tio n w a s p a r tic u la r ly s tr o n g
fo r a t im e a n d o th e r m o n t h s a ls o m o v e d u p w a r d , t h o u g h
la te r o n th e r e w a s a r e a c tio n d u e to p r o fit-ta k in g
and
to
s h o r t s e llin g b a se d o n th e fa c t t h a t a c a r g o o f
A r g e n tin e
c o r n h a d j u s t b e e n b o u g h t b y a N e w Y o r k in d u str ia l c o n
cern .
M a y c o r n h a s a t e n d e n c y t o r e m a in fir m in s y m p a t h y
w ith th e s tr o n g c a s h s it u a t io n .
T h e s a le o f 1 5 0 ,0 0 0 b u s h e ls
o f A r g e n t in a c o r n w a s r e p o r t e d a t 7 4 ^ c e n t s d e l i v e r y in N e w
Y o r k , o r e q u a l to 8 9 3 ^ c . d u t y p a id .
L a t e in t h e w e e k
p r ic e s r e a c t e d , o w in g t o p r o s p e c t s o f im p r o v in g w e a t h e r .
T o - d a y p r ic e s a d v a n c e d o n li g h t r e c e ip t s , a la r g e r c a s h d e
m a n d , b u ll s u p p o r t a n d s y m p a t h y w ith w h e a t.
D A IL Y C L O S IN G P R IC E S O F N O . 2 M I X E D C O R N IN N E W Y O R K .
.. ,
S a t.
M o n . T u es. W ed. T h u rs. F r i.
..................... n o m .
nom . nom . nom . nom . nom .
v a s n co rn
_
.
M a y d e li v e r y In e l e v a t o r ......................n o m . n o m . n o m . n o m . n o m .
nom
D A I L Y C L O S I N G P R I C E S O F C O R N F U T U R E S I N C H IC A G O .
,,
. „
.
,
S a t.
M o n . T u es. W ed. T h u rs. F r i.
M a j d c v e r y n e l e v a t o r . _______
7 9 # 78
76#
77# 77#
78
J u ly d e liv e r y in e l e v a t o r . . . . .
78#
77#
76
77# 75#
76#
S e p t e m b e r d e liv e r y In e l e v a t o r ____ 7 7 #
76 #
75
7 5 # 7 -1 #
7 4 #
O a ts h a v e fo llo w e d o th e r g r a in u p w a r d .
T h e ca sh s itu a
tio n h a s b e e n s t r o n g .
T h e la s t c r o p , it w ill b e r e m e m b e r e d ,
w a s sh o r t.
In th e la t t e r p a r t o f th e w e e k r e p o r ts fr o m I lli
n o is a n d t h e S o u t h w e s t in d ic a t e d t h a t th e r e w a s a f u r th e r
d e la y in s e e d in g , o w in g t o w e t w e a t h e r .
T here has b een
q u ite a g o o d d e a l o f s p e c u la t io n a t th e W e s t o n th e id e a t h a t ,
t h o u g h o a t s h a v e b e e n m u c h h ig h e r t h a n a y e a r a g o , t h e y a r e
b o u n d to g o s till h ig h e r .
F o r o n e t h in g , s e e d in g is r a t h e r
l a t e , fa r m r e s e r v e s a r e r e l a t i v e l y s m a ll a n d a g o o d c r o p is
n e e d e d t o f ill t h e g a p s .
T o - d a y p r ic e s a d v a n c e d w it h o t h e r
g r a in .
T h e c a s h s it u a t io n is c o n s id e r e d s t r o n g .
D A I L Y C L O S IN G P R I C E S O F O A T S I N N E W Y O R K .
S a t.
M o n . T u es. W ed. T h u rs. F r i.
.............. ................. 64 #
64
63 #
64
64 #
64 #
______
. . . . . 64 #
64
63 #
64
64 #
64 #
D A I L Y C L O S IN G P R I C E S O F O A T S F U T U R E S I N C H IC A G O .
S a t.
M o n . T u es. W ed. T h u rs. F r i.
M a y d e liv e r y in e l e v a t o r . . . . .
__ 5 8 #
57#
56#
57#
5 7 #
r, 8 #
J u ly d e liv e r y In e l e v a t o r —
_ .—
55#
54#
53#
54#
s3 #
5 4 #
43 #
42#
43#
43#
4 3 #
S e p t e m b e r d e liv e r y In e l e v a t o r ___ 4 4 #
S t a n d a r d s ___. .
N o . 2 w h it e . .
T h e fo llo w in g a r c c lo s in g q u o ta tio n s :
FLO UR.
W in te r , lo w g r a d e s ____ $3 7 0 @ $ 3 8 0 1K a n s a s s t r a ig h t s , s a c k s . $4 9 0 ® $ 5 2 5
W in te r p a t e n t s . . .............. 5 3 5 ® 5 50 j K a n s a s c le a r s , s a c k s ___ 4 4 5 ®
4 60
W in te r s t r a ig h t s .............. 4 6 0 ® 4 8 0 |C l t y p a t e n t s _____ ______ 6 7 0 @
7 00
W in te r c l e a r s . . .................... 4 0 0 @ 4 2 5 |R y e flo u r ........... ..................... 4 70 @
5 35
S p r in g p a t e n t s ..................... 5 5 0 ® 5 7 0 1G r a h a m flo u r ......................4 1 5 ®
4 60
S p r in g s t r a ig h t s .................5 1 0 ® 5 3 0 1C orn m e a l, k iln d r i e d . . 3 9 0 ® ______
S p r in g c l e a r s ------------------ 4 4 0 ® 4 6 0 1B u c k w h e a t , c w t ________
N o m in a l
G R A IN
W h e a t, p er b u s h e l— t . o . b .
C orn , p e r b u s h e l—
C e n ts .
N . S p r in g , N o . 1 __________ $1 2 2 #
N o . 2 ......................f . o . b .
N o m in a l
N . S p r in g . N o . 2 __________ 1 1 7 #
S t e a m e r ____ e le v a t o r
N o m in a l
R e d w in te r , N o . 2 _________ 1 ' 9 #
N o . 3 -------------e le v a t o r
N o m in a l
H a r d w in te r . N o . 2 ________ 1 23 # R y e , p e r b u s h e l—
O a ts , p e r b u s h e l, n e w —
C e n ts .
N o . 2 W e s t e r n _______
98
64#
S ta n d a r d s ...................... .............
S t a t e & P e n n s y lv a n ia
N o m in a l
N o . 2 w h i t e ________________
64 # B a r le y — M a l t i n g ..............$1 2 5 ® $1 38
N o . 3 ................................................
63#
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August I for each of the last three years has been:
R eceipts at —
F lour.
1
W heat.
Corn.
Oats.
B arley.
R ye.
661*. 196/6?.! bush. 60 tbs. bush. 56 lbs. bush. 32 lbs. bush.AHlbs. bu.56 lbs.
207,800
('l)lcago
6 4 6.050
13 1 ,5 8 1 1
1,224.800
2 1 1,500
2 9.500
18.394
M ilwaukee
3 5 ,6 5 0
5 5 ,460
8 2 ,800
120,900
23,100
218,697
11,105:
64,831
D ullith
11,927
850
281,000
M inneapolis
6 9 ,310
122,580
6 1 ,400
6,400
9,000
To! do . .
5 5 ,000
16,500
Det r o lt____
8.328
17.048
18.272
3 3 ,6 0 8
5,986
(Cleveland
800
3 2 ,9 0 5
5 2 ,440
47,750
S t. Louis .
70.800
290,465
2 8 5,000
4,800
1.100
Peoi la
.
49.300
15,000
197,530
161.403
34,932
7.200
K ansas C ity.
2 37.000
175,200
88,400
................
T otal w k. ’12
267.258' 1,745,181
1,602,562
2,1 3 3 ,0 2 2
175,459
68.150
Sam e w k .’ 11
246,330
1.682.208
2,2 2 1 .0 0 2
54,536
1,917,262 1,103,944
Sam e w k. ’10
2 /9 .5 8 9 ; 2,4 7 7 ,2 0 7
2 ,6 3 8 ,7 7 5
2,289,761
943,337
80.528
Since A ug. 1
19 1 1 -1 2 .
9 ,0 8 3 ,3 2 9 112,548,962 150,392,92® 114,214,913 5 7,766,502 7,272,430
1910-11
. 11,712,751 178.273,128 219,746,124 143,260,372 56,416,954 4 ,620,233
1 2 0 9 - 1 0 ... 15,934,557 2 1 5 .7 1 7 ,6 9 5 U 1 4 ,2 5 4 ,6 0 3 52,303,651 67,147,054 5,8 59.653
Total receipts of flour and grain at the seaboard ports for
the week ended April 13 1912 follow:
Iteceipts c l N ew Y trk .
Boston
P ortland. Me
Philadelphia
Baltim ore
'
N ew Orlcanu > *
N o rfo lk . ............
G a lv esto n __
M o b ile.................
M ontreal............
S t. J o h n ..............
Flour,
bbls.
P 8,278
3 5 ,3 5 0
3 # 2 >3
42,102
20,010
856
W heat,
bush.
769,600
217,401
2 /5 .0 0 0
158,112
3 6 ,730
8,400
8 ,0 0 0
LWO
3 .# 0 0 0
25,405
5 4 1 ,COO
C orn ,
bush.
15,750
15.482
Oats,
bush.
3 5 5 ,3 2 5
103.142
18,238
79,354
106,800
147,140
30.411
77,100
3 .0 0 0
1.000
18,600
B ariev,
bush.
8,925
1,771
R ye ,
bush.
2,300
1,000
2 ,400
11,495
1,000
5 1 ,837
3 0 ,0 0 0
3 5 ,180
17,000
T otal week 1 9 1 2 .. 3 7 9,615 2 ,0 4 0 ,6 0 8
258,233
795,955
6 2 ,8 8 8
17,195
Since J an. 1 1 9 1 2 . .5 .0 2 7 ,0 8 9 19,604,825 2 0 ,8 4 1 ,6 0 7 1 1,049,769 2 688,835 2 14,397
Indian corn has been, like wheat, active and higher, even W eek 1 9 1 1 .................. 31 7 ,4 9 2 9 8 2 ,3G7 540,633 039,866 20,-195 11,458
if the trading has lacked the excitement which has drawn Since Jan. 1 1 9 1 1 . 5,30 9 ,0 8 9 14,271,273 3 4 .5 5 2 ,9 7 0 1 2,536,458 1749,468 211,783
such world-wide attention to wheat. The weather has been
* Iteceipts do not Include grain passing through N ew O rleans for foreign ports
wet, the country offerings light and the short interest found on through bills o f lading.
to be large. Furthermore, the cash markets have been
The exports from the several seaboard ports for the week
strong. While larger offerings have at times been reported ending April 13 are shown in the annexed statement:
THE CHRONICLE
1130
E xports Jrom—
N ew Y o r k ............
P ortland , M e____
B o s t o n _________
P h ila d e lp h ia ____
B a ltim o r e ...............
N e w O rleans____
M obile.......... ...........
S t. J o h n ________
C orn,
bush.
3 4 ,645
..........
78,124
W heat,
bush.
736,472
275,000
263,228
78,000
8,000
20,000
20,000
1,140
40,000
Oats,
bush.
2,4 0 5
F lour,
bbls.
92,309
15*,552
3 4 .0 0 0
15,281
0,514
1,014
P ea s,
bush.
13,835
H arley,
bush.
37,833
..........
20
1,000 3 51.0,00000
541,000
R ye,
bush.
100
..........
T o ta l w eek
1,941,70 0
154,909 20 1 ,5 2 0
W eek 1 9 1 1 ..1111 9 0 2 ,9 9 8 1,170,071 1 32,118
3*0*666
1*7*666
3 2 ,4 2 5
13,880
------54,833
.......................
13,935
11,071
The destination of these exports for the week and since
July 1 1911 is as below:
----------Flour------------------------W heat--------- — ------------ Corn------------Since
Since
Since
W eek
J u ly 1
W eek
J u ly I
W eek
J u ly 1
1911.
1911. A p r . 13.
1911. A p r . 13.
E xports Jor week and I p r .lli.
bbls.
bbls.
bush.
bush.
bush.
bush.
S in ce J u ly 1 to—
78,124 12,403,503
U n ited K ingdom — 97,109 3,7 1 8 ,7 1 7 .,2 1 2 ,0 8 7 42,497,291
2 5 ,3 8 5 10,388,081
085,013 27,470,414
C o n tin e n t............... - - 70,000 1 ,540,115
892,102
23 ,0 0 0
955,090
44,000
079,021
Sou. & C ent. A m er. 22,413
2 8 ,400 1,5 7 8 ,5 3 9
9,954 1,017,080
............
18,328
W est I n d ie s............
.......... ..
13,390
37,930
B rit. Nor. A m . C ols. 1,205
179
258,017
............
2 9 ,738
2 3 ,000
O ther C ou n tries-----____201,52 0 7,405,251 1,911,700 7 0 ,0 9 4 ,0 5 7
151,909 31,4 2 9 ,5 4 1
T otal
T otal 1 9 1 0 -1 1 _____ 132,118 7,140,082
9 0 2,998 4 4 ,3 0 7 ,4 2 3 1.170,074 42,3 9 7 ,8 0 7
The world’s shipments of wheat and corn for the week
ending April 13 1912 and since July 1 1911 and 1910 are shown
in the following:
Corn.
W heat.
W eek
A p r il 13.
Since
J u ly 1.
Since
J u ly 1.
1910-11.
1911-12.
1910-11.
1911-12.
E xports.
Bushels
Bushels.
B ushels.
B ushels.
136.000
N orth Am er. 3.20 8 .0 0 0 137,212,000 101.057.000
298.000
R u s s i a .......... ,000,000 6 6 .3 4 2 .0 0 0 171.112.000
D a n u b e ____ 1.440.000 6 5 .7 6 1 .0 0 0 77.9 7 8 .0 0 0 1,751,000
A rgentina . . 3 .9 9 2 .0 0 0 5 0 .6 7 4 .0 0 0 6 3 .308.000
912.000 4 5 .7 2 4 .0 0 0 45.2 7 2 .0 0 0
A u str a lia __
2 8 0.000 3 4 .9 1 4 .0 0 0 3 7 .4 1 2 .0 0 0
I n d i a ______
0 ,5 5 2 ,0 0 0
8 ,6 9 3 ,0 0 0
O th. countr's 240,000
1
111.000
Since
J u ly 1.
S in ce
J u ly 1.
W eek
A p r il 13.
B ushels.
3 8 .2 3 7 .0 0 0
16.102.000
2 3 .5 7 5 .0 0 0
8 8 .7 8 9 .0 0 0
Bushels.
28.4 7 3 .0 0 0
3 4 .3 4 0 .0 0 0
6 7 .2 4 4 .0 0 0
119,000
T o t a l ____ 11072000 109,320,000 5 02,689,000 2,2 9 8 ,0 0 0 130,476,000 160,694,000
The quantity of wheat and corn afloat for Europe on dates
mentioned was as follows:
April
April
April
April
13
6
15
14
1 9 1 2 ..
1 9 1 2 ..
1 9 1 1 ..
1 9 1 0 ..
United
K in g d o m .
Continent.
T otal.
Bushels.
32.384.000
3 3 .450.000
24.600.000
3 4 ,320.000
Bushels.
21.6 4 0 .0 0 0
20.3 6 0 .0 0 0
3 5 .0 1 6 .0 0 0
15.1 2 0 .0 0 0
Bushels.
54.0 2 4 .0 0 0
5.3.840.000
5 9.616.000
49.4 4 0 .0 0 0
Bushels.
3 .5 1 9 .0 0 0
3 .9 6 1 .0 0 0
2 .7 2 8 .0 0 0
1.530.000
Continent.
Total.
Bushels.
Bushels.
6 .2 7 3 .0 0 0 9 .7 9 2 .0 0 0
6 .4 6 0 .0 0 0 10,421,000
5 .6 3 6 .0 0 0 8 .3 6 4 .0 0 0
2 .5 0 5 .0 0 0 4 .3 3 5 .0 0 0
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports April 13 1912, was as follows:
In T housands—
B o s to n ............
P hilad elphia
B altim ore . . .
N e w O rlean s.
U N IT E D ST A T E S G R A IN STOCKS.
A m er. Bonded Am er. Am er. Bonded A m er. A m er. Handed
R ye. Hurley, H arley.
W heal. W heat. C o rn . Oats. Oats.
bush. bush. bush. bush. bush. bush. bush. bush.
504
467
570
..
488
27
129
i
237
3
"l
18
53
n
191
118
537
24
..
720
334
186
..
11
142
384
168
427
468
178
..
76
329
..
949
21
92
141
..
339
10S
13,758
7,680 3 ,456
444 2 ,500
.
873
128
146
1)0
291
..
931
286
128
1,656 3 ,373
. . 8,195 7,196
189
604
428
16
.1 7 ,0 0 5
253
.364
. 1,044
507
. . 2 ,116
121
2
*46 *” i
68
..
..
1,020
122
12
2 2109
1
424
327
454
390
..4 7 ,9 6 0 8 ,152
.49 ,7 6 7 7,858
. .30 ,9 9 3
T otal April 111 1910 ..2 9 ,4 9 5
C A N A D IA N
C an adian B onded
W heat. W heat,
bush. bush.
In Thousands—
16
M ontreal .................
10,774
F ort W illia m ..........
5,4 3 6
5,5 3 0
8,041
..2 9 ,7 9 7
. 29 ,368
..1 2 ,2 7 2
T otal April 16 1910 . . 9,627
In Thousands—
T otal
T otal
T otal
T otal
3
6
“
a flo a t..
T o le d o ......................
D e t r o i t ................. .
1,380
28
65
12,443 12,892 3,532
14,790 13,111 3 ,216
9 ,258 11,974
12,774 9,973
—
G R A IN STOCKS.
Canadian Bonded
C orn. Oats. Oats,
bush. bush. bush.
342
9
2 ,5 1 1
82
1,427
3,5 0 2
771
882
106
595
1,625
2 ,585
1,530
3.236
9
67
7,927
7,856
7,170
286
32
—
SU M M A R Y .
Bonded
Bonded
Oats.
Oats.
W heat. W heat. Corn.
bush. bush. bush. bush. bush.
8,152 12,443 12,892 3,532
9 7,927
..2 9 ,7 9 7
—
April 13 1912 ..7 7 ,7 5 1
April 6 1912 ..7 9 ,1 3 5
April 15 1911 ..4 3 ,2 6 5
April 16 1910 ..3 9 .1 2 2
8,1 5 2 12,452 2 0 ,819
7,858 14,796 2 0 ,967
9,265 19,144
12,800 10,259
3 ,5 3 2
3 ,2 1 6
—
430
443
___
C an adian Bonded
Rye. H arley. H arley,
bush. bush. bush.
87
—
87
95
I5
50
Bonded
R ye. B a rley. B a rley.
bush. bush. bush.
771 1,625
436
87
771
882
106
595
1,712
2 ,680
1,605
3,286
436
443
T H E D R Y GOODS T R A D E .
N e w Y o r k , F r i d a y N i g h t , A p r i l 19 1912.
Throughout the general dry goods trade the movement of
merchandise continues in good volume, with prices entirely
favoring sellers. The initial advances named on woolens
and worsteds a t the opening of the fall season have been un
altered, but in cotton goods the situation has been firmer
and values continue their upward tendency, despite the
rapid advance of the past few weeks. Demand for new busi
ness is not quite so urgent at present, as buyers are giving
more attention to the delivery of goods already on order,,
and upon which very unsatisfactory deliveries are feared.
Jobbers have been in receipt of good mail orders and retail
ers are beginning to accumulate their late spring and summer
stocks. The latter is rather difficult, as retailers find that
jobbers are not prepared to till their orders. Despite the
better prices prevailing upon all lines of cotton goods, mills
are still undesirous of accepting forward business at current
prices, and will close only upon the basis of value at the time
of delivery. Several lines of wide sheetings have been ad
vanced a full cent during the week, and standard drills are
now being held at 8c. for delivery beyond next August. In
the export end of the market, the rapid advance in prices
has quieted the demand. The unsettlement in China has
interfered with the distribution of goods and stocks are rap
idly accumulating in that market. Little new business can
be looked for from that quarter, therefore, until these stocks
have been disposed of. India has been a good buyer ot
Pepperell drills, having taken about all that were available
up to August at prices as high as 7%c. Most mills are sold
well ahead, and many are of the opinion that mills will be
unable to make the deliveries required on the amount of or
ders which they have booked. Prominent distributers say
that tliey have done a greater volume of business so far this
year than during the whole of either of the two previous years.
This is reasonable enough considering the stringent cur
tailment which has been practiced for so long a time, and
the general awakening to conditions which is taking place
throughout the trade. The New England labor disputes de
layed the mills to such an extent that they will be unable to
catch up, and it is feared that a great deal of business will be
lost, owing to the inability to make timely delivery. Also,
many are expressing fears of other strikes developing in other
parts of the country during the summer, which would be en
couraged by the success of the New England strikers.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending April 13 were $11,
543 packages, valued at $663,295, their destination being
to the points specified in the table below:
1
Corn.
W heal.
United
K in gdom .
[VOL. LXXXXIV.
----------1 9 1 2 -------1
S in c e
W e e k . J a n . 1.
N e w Y o rk to A p r i l 13—
999
.
42
G re a t B r i t a i n . ........................
23
442
O th e r E u r o p e ---------------- --------- .......... .............
3 0 ,9 2 0
..
6 .4 2 3
C h i n a . . ____ . . --------- -----7 ,0 7 9
. . 825
1 7 ,2 7 8
A r a b ia
...... .......................................
2 52
4 ,9 0 9
1 6 ,6 2 4
1 ,1 9 0
01
916
M e x ic o
...
— .................. 5 ,3 0 7
...................... 6 7 0
C e n tr a l A m e r ic a ................... .....
2 2 ,4 3 3
........... 1 ,7 5 8
S o u t h A m e r ic a . . ........................
1 9 ,8 8 3
291
O th e r c o u n t r i e s .. ---------- —
T o ta l
. . ........ ......................... ................ .1 1 ,5 4 3
1 2 0 ,7 0 2
----------19 1 1 ---------S in c e
W e ek . J a n . 1 .
275
05
262
56
2 0 ,5 9 8
___
175
5 ,0 8 2
1 0 ,0 5 7
1 ,593
99
617
11,450146
724
274
i), 5 1 5
1 8 ,7 4 7
640
187
1 1 ,6 3 1
2 ,2 5 9
8 6 ,5 4 4
The value of these New York exports since Jan. 1 has been
$8,666,924 in 1912, against $6,480,671 in 1911.
Although domestic cotton markets rule seasonably quiet,,
prices remain very firm. In some departments, however,,
trading is quite active. A good demand is noted for wide
print cloths and buyers have found it hard to secure small
shipments of brown cottons, which they are in need of to
cover near-by requirements. Prices continue to display an
upward tendency, stocks are light and a number of users of
cloths are said to be badly in need of supplies. Denims
have been ordered so freely that few goods are being offered.
Duck and fancy denims are hard to secure for prompt de
livery. Napped goods, including all lines, are meeting a
steady demand for fall delivery from jobbers. White goods
are rather quiet, although there is moderate activity in
some of the heavier weights, this being true of fine crepes
and white poplins. Advices regarding trade conditions from
all centres continue optimistic, although late reports from
the Middle West note a quieting down of trade, owing to
floods, political developments and less favorable reports
from the wheat fields, which have all tended to make buyers
conservatively inclined.. Reports from other centres, how
ever, notably from the Pacific Coast and the Northwest, are
very encouraging. Print cloths and convertibles are active
and firm, with a good demand noted for wide cloths. Many
contracts have been made for deliveries running through the
balance of the cotton year. Gray goods, 38^-inch standard,
are quoted at 5 % to 5 3- 16c.
WOOLEN GOODS.—In the markets for men's wear and
dress goods prices continue to go steadily upward, and it is
reported that the higher range of values is not in any way
checking the demand, which continues satisfactory. Dupli
cate orders from the larger users of dress materials continue
to come forward.
With the gradual adjustment of labor
difficulties more regular deliveries are hoped for.
FOREIGN DRY GOODS. -There is no abatement in the
demand for linens, which continues active, particularly for
heavy colored dress goods, desirable shades of which are
hard to obtain. Many mills are said to be refusing to accept
new orders on goods to be made for present season’s require
ments, as they are hard pressed to make deliveries on business
already booked. According to advices from abroad, the
outlook is for still higher prices all around. Burlaps have
been very quiet during the past week, with the undertone
easier. Stocks continue light, with business at a standstill.
Light-weights are quoted nominally at 6.15c. to 6.20c.
and 10j^-ounce at 7.15c.
THE CHRONICLE
A pr . 20 1912.]
1131
W inston (P. O. W inston-Salem), F o rsy th County, No.
N ew s Item s.
A rizona. —L e g is la tu r e
R a t i f i e s I n c o m e T a x A m e n d m e n t .—
The proposed Income Tax Amendment to the Federal
Constitution has been ratified, we are informed, by both
houses of the Legislature.
J u d i c i a l R e c a ll A m e n d m e n t P a s s e d b y S e n a t e . —The benate
has adopted a resolution providing for the submission to the
people of a proposed Constitutional amendment providing
for the recall of judicial officers. V. 94, p. 862.
Aurora, Kane County, 111.— C o m m is s io n
F o rm o f G overn
m e n t D e f e a te d .— The question of adopting the commission
form of government failed to carry, it is stated, at the
election held April 16 (V. 94, p. 1072.)
Baltimore, Md.—C h a r te r B i l l V e to e d . —Governor Goldsborough on April 15 vetoed the bill passed at the recent
session of the Legislature proposing a new charter for this
<;ity. This action was taken at the unanimous request of the
Baltimore Charter Revision Commission. See V. 94, p. 995.
Baltimore County (P. 0 . Towson), Md.—R o a d B i l l S i g n e d .
_The Governor has signed the bill providing for the issuance
of 81,500,000 road bonds to take the place of the $1,500,000
voted Nov. 7 1911 but later declared void. V. 94, p. 293.
Cook County (P. O. Grand M arais), Minn. —I n ju n c tio n
P r o c e e d in g s D i s c o n t i n u e d .— Duluth papers state that County
Attorney S. C. Murphy has filed with the District Court a
dismissal of the appeal to the Supreme Court from the de
cision of Judge Cant denying the application for an injunc
tion to prevent the sale of the $60,000 road and bridge
bonds. V . 93, p. 1804.
Emerson, Bergen County, N. J . —E le c tio n o n C o m m is s io n
F o r m o f G o v e r n m e n t .—An election will be held May 7, it is
stated, to vote on the adoption of the commission form of
government.
L aw ton, Okla..— C o m m is s io n C h a r te r S u s t a i n e d . — The
city charter providing a commission form of government,
accepted by the voters on Sept. 7 1911 (V. 93, p. 742), was
sustained on April 10 by District Judge F. II. Bailey of
Chickasha. Judge Bailey’s decision was based, it is said,
upon the recent ruling of the Supreme Court upholding the
Guthrie charter. See “Oklahoma” , V. 94, p. 862.
Lincoln School D istrict, L ancaster County, Neb.-
B onds
State Supreme Court on April 8 de
clared valid the $350,000 building bonds awarded on Aug. 7
to W. E. Barkley Jr. This affirms the ruling of the Lan
caster County District Court. V. 93, p. 1679.
Massachusetts.—H o u s e R a t i f i e s F e d e r a l I n c o m e T a x . —
By a vote of 116 to 94, the lower branch of the Legislature on
April 16 passed a resolution ratifying the proposed Income
Tax Amendment to the Federal Constitution.
New Jersey. — L e g is la tu r e A d j o u r n s . —'The New Jersey
Legislature adjourned late last Tuesday night, April 16.
D e c la r e d
V a l i d . — 1The
New York S tate. — B i l l
P r o v id in g f o r S u b m is s io n o f R o a d
B o n d s .—Governor
Dix on April 13 signed the Murtagh Bill
which provides for the submission to the voters at the
general election in November 1912 of the question of issuing
not exceeding $50,000,000 bonds to construct and improve
State and county highways. Interest not to exceed 4%,
payable semi-annually. Due 50 years from date.
In signing the bill the Governor filed the following memo
randum:
T h e p o lic y I n a u g u r a te d In 1 9 0 7 fo r t h e I m p r o v e m e n t a n d c o n s t r u c t io n e f
h ig h w a y s h a s d e v e lo p e d In to a d e t e r m in a tio n o n t h e p a r t o f t h e p e o p le to
o b t a in t h e b e s t p o s s ib le s y s t e m o f S t a t e w id e h ig h w a y I n t e r c o m m u n ic a t io n ,
in o r d e r t h a t t h e m in im u m tr a n s p o r t a t io n e x p e n s e s w ill b e a d d e d t o th e
p r o d u c t o f t h e s o il a n d o f t h e f a c t o r y a n d t h a t th e s h o r t e s t s p a c e o f t im e
w ill bo r e q u ir e d In r e a c h in g t h e c o n s u m e r , w h o p a y s t h e u lt im a t e c o s t o f
d e T h c m e a s u r e p la c in g b e fo r e th e p e o p le th is y e a r t h e o p p o r t u n i t y t o
a u th o r iz e a b o n d Issu e o f $ 5 0 ,0 0 0 ,0 0 0 to c o m p le t e th e s y s t e m o f I m p r o v e d
h ig h w a y s Is o p p o s e d b y a m e a s u r e p r o v id in g fo r a r e fe r e n d u m t o a p p r o v e
a b o n d Issu e fo r th e c o n s t r u c t io n o f b r a n c h e s to t h e b a r g e c a n a l k n o w n a s
t h e G len s F a lls fe e d e r , t h e H la c k R iv e r a n d C h e m u n g c a n a ls .
A s th e
b a r g e c a n a l h a s h a d t h e a p p r o v a l o f th e v o t e r s , w h o h a v e a lr e a d y a u th o r iz e d
a n e x p e n d it u r e o f $ 1 2 0 ,6 0 0 ,0 0 0 , a n d a s th e c a n a l s y s t e m c a n n o t b e
c o m p le t e d fo r a t le a s t th r e e y e a r s , I a m c o n s tr a in e d t o m a k e a c h o ic e
o f th e tw o r e fe r e n d u m b ills a n d a llo w th e h ig h w a y im p r o v e m e n t t o b e
s u b m it t e d t h is y e a r .”
C o m p tr o lle r A u th o r iz e d to I s s u e C a n a l B o n d s P a y a b l e i n
F o r e ig n C u r r e n c y .—On April 17 the Governor signed Senator
Sullivan’s bill providing that the State Comptroller may
issue canal-improvement bonds made payable in the cur
rency of a foreign country.
Overton County (P. O. L ivingston), T enn. — B o n d
T e m p o r a r il y E n j o i n e d .—Chancellor
Issu e
A. II. Roberts is said to
have granted the application for a temporary injunction
restraining the issuance of $150,000 road bonds. See
V. 94, p. 996.
i P ort of Coos Bay* Ore. — P e t it i o n F o r R e c e iv e r . —A petition
has been filed, it is said, for the appointment of a receiver
to straighten out the affairs of the Port of Coos Bay, which
the Supreme Court recently decided was not legally created.
V. 94, p. 996.j: .
Pueblo, Colo.— C o m m is s io n F o r m o f G o v e r n m e n t U p h e l d .—•
According]to Denver newspapers, Judge Rizerof the District
Court recently rendered a decision sustaining the commissionform chartcr/adopted at an election held Sept. 19 1911.
V.;93,fp. 822.*
Car.—B o n d s D e c la r e d I n v a l i d — The State Supreme Court
declared invalid $350,000 bonds voted last August. The
ordinance providing for the election specified for what pur
poses the bonds were to be issued, but the proposition was
voted for on a single ballot. The Court holds that the
voting of bonds, the proceeds of which are to be divided
among different purposes, on a single ballot, is illegal in this
State unless there is clear and unmistakable legislative
authority for the specific bond issue to be voted on by the
people in this way. Last October the city awarded $160,000
of these bonds to a syndicate headed by A. B. Leach & Co.
Y .
94,
p.
576.
B o n d P r o p o sa ls and N eg o tia tio n s this week
lave been aa follows:
A B S E C O N , A t la n t ic C o u n t y , N . J .— B o n d O ffe r in g .— P r o p o s e s w ill b e
r e c e iv e d u n t i l 8 p . m . A p r il 3 0 b y S a m u e l J o h n s o n , C it y C le r k , fo r $ 2 ,5 0 0
1 5 -y r . fir e -h o u s e a n d $ 2 2 ,5 0 0 3 0 - y r . s c h o o l 5% g o ld c o u p , b o n d s .
D en om .
$500.
D a te J a n . 1 1912.
I n t . J . & J . a t t h e G u a r a n te e T r u s t C o . In A t
la n t ic C it y . C e r t, c h e c k fo r 2 % o f b id , p a y a b le t o W . B . S m it h , T r e a s .,
is r e q u ir e d .
A B IN O T O N T O W N S H I P ( P . O . A b i n g t o n ) , A lo n tg o m e r y C o u n t y , P a —
B o n d s V o te d .— T h e e l e c t io n h e ld A p r il 9 r e s u lte d In fa v o r o f t h e p r o p o sitio n
t o Iss u e t h e $ 1 5 0 ,0 0 0 4 % r o a d - im p t . b o n d s ( V . 9 4 , p . 9 2 9 ) . T h e v o t e
w a s 4 0 4 t o 3 0 0 . W e a r e a d v is e d t h a t t h e s e s e c u r it ie s w ill b e o ffere d fo r
s a le a b o u t M a y 1 5 .
A C Q U A C K A N O N K T O W N S H I P S C H O O L D IS T R IC T ( P . O . C lif t o n ) .
P a s s a ic C o u n t y , N . J . — B o n d O ffe r in g .— P r o p o s a ls w ill b e r e c e iv e d u n til
8 p . m . A p r il 3 0 f o r $ 6 1 ,5 0 0 4 K % c o u p o n s c h o o l b o n d s .
D a t e M a y 1 1912
In t. M . & N .
D u e ? 2 ,0 0 0 y e a r ly fr o m 1 9 2 2 t o 1 9 5 1 , ln c l ., a n d $ 1 ,5 0 0 In
1 9 5 2 . C e r t, c h e c k fo r $ 1 ,0 0 0 , p a y a b l e t o A . D . C h c s t o n , D is t r ic t C le r k , Is
r e q u ir e d .
A L B A N Y , N . Y .— B o n d s A u th o r iz e d .— C h a p te r 3 9 2 o f t h e L a w s o f 1912
a u t h o r iz e s t h e I s s u a n c e o f $ 1 ,5 0 0 ,0 0 0 b o n d s fo r t h e I m p r o v e m e n t o f t h e
r iv e r f r o n t .
A N D O V E R , A s h t a b u la C o u n t y , O h io — B o n d O ffe r in g .— P r o p o s a ls w ill
b e r e c e iv e d u n t i l 12 m . M a y 1 3 ( t im e e x t e n d e d fr o m A p r il 16) b y F . A .
W o o d a r d , V illa g e C le r k , fo r t h e $ 7 ,0 0 0 4 M % ( v illa g e ’s p o r tio n ) s t r e e t lm p t . b o n d s (V . 9 4 , p . 8 6 3 ) .
D en om . $250.
D a t e A p r il 1 1 9 1 2 . I n t .
s e m l- a n n . a t t h e A n d o v e r B a n k In A n d o v e r .
D u e $ 2 5 0 e a c h s ix m o n t h s
fr o m M a r ch 1 1 9 1 6 t o S e p t . 1 1 9 2 9 ln c l . C e r t, c h e c k fo r 1% o f b o n d s b id
fo r , p a y a b le t o t h e V illa g e T r e a s ., r e q u ir e d .
P u rch a ser to p a y accrued in t.
a n d t a k e u d b o n d s w it h in 10 d a y s fr o m d a t e o f a w a r d .
A N D R E W S C O U N T Y C O M M O N S C H O O L D IS T R IC T N O . 2 , T e x .—
B o n d S a le .— T h e S t a t e P e r m a n e n t S c h o o l F u n d w a s a w a r d e d o n A p r il 10
a n is s u e o f $ 2 ,0 0 0 5% 1 0 -2 0 -y r . b o n d s a t p a r a n d I n te r e s t.
A N N A P O L I S . M d .— B o n d O f f e r in g .— 'T h e f o llo w in g b o n d s w ill b e s o ld a t
p u b lic a u c t io n a t 12 m . M a y 2 0 :
$ 1 0 0 ,0 0 0 4 H % 3 0 - y r . w a t e r - lo a n b o n d s .
D a te A p r. 1 1912.
I n t . s .- a n .
1 6 ,0 0 0 4 % s t r e e t - l m p t . b o n d s .
D a te M ay 20 1912.
B o n d s are ta x ex e m p t.
D u e $ 4 ,0 0 0 In 1 2 , 1 6 , 2 0 a n d 2 4 y e a r s fr o m d a t e .
D e
p o s it o f 5% o f b id Is r e q u ir e d .
D e n o m . $ 1 ,0 0 0 . T h e w a t e r b o n d s w ill c o n s t i t u t e a fir st lie n u p o n th e
A n n a p o lis W a te r C o ., t h e c a p it a l s t o c k o f w h ic h Is a ll o w n e d b y t h e c i t y .
J a m e s F . S tr a n g e Is M a y o r .
A T H E N S . A t h e n s C o u n t y . O h i o — B o n d S a l e .— L o c a l p a p e r s s t a t e t h a t
t h e C lt v S in k in g F u n d T r u s t e e s h a v e p u r c h a s e d $ 3 ,4 8 0 E ll io t t S t . a n d
$ 2 ,9 6 0 W e s t S t a t e S t . p a v in g b o n d s .
B E E C O U N T Y C O M M O N S C H O O L D IS T R IC T N O . 4 T e x — Bo n d S a le .—
A n is s u e o f $ 3 ,0 0 0 5% 5 -2 0 -y r . (o p t .) b o n d s w a s p u r c h a s e d o n A p r il 10 b y
t h e S t a t e P e r m a n e n t S c h o o l F u n d a t p a r a n d I n t.
B E L L E V U E , O h io .— B o n d S a le .— O n A p r il 15 $ 5 ,0 0 0 6% 5 'A -y r . ( a v .)
s t r e e t b o n d s w e r e a w a r d e d , r e p o r ts s t a t e , t o t h e F r e m o n t S a v in g s B a n k
C o . a t 1 0 6 .8 0 a n d I n t e r e s t .
B E L M O N T . M id d le s e x C o u n t y . M a s s .— B o n d S a le .— O n A p r il 12 $ 5 ,0 0 0
4 % c o u p , s e w e r b o n d s w e r e a w a r d e d t o B la k e B r o s . & C o . o f B o s t o n a t
1 0 7 .3 1 a n d i n t . — a b a s is o f a b o u t 3 .5 9 2 % . O th e r b id s fo llo w :
A d a m s & C o ., B o s t o n ------------1 0 6 .0 7 9 B lo d g c t & C o ., B o s t o n ________1 0 5 .0 4
E s t a b r o o k & C o ., B o s t o n -------- 1 0 4 .5 9
C u r tis & S a n g e r , B o s t o n ------ 1 0 5 .8 1
M e rrill, O ld h a m & C o ., B o s t . 1 0 5 .3 7 5
D e n o m . $ 1 ,0 0 0 .
D a te J u n e 1 1 9 1 1 . I n t . J . & D . a t th e B ea c o n T ru st
C o. o f B o sto n .
D u e J u n e 1 1 9 4 1 . B o n d s a r e t a x - e x e m p t in M a s s .
B E T H A N Y SC H O O L D IS T R IC T ( P . O . B e t h a n y ) , H a r r is o n C o u n t y , M o .
— B o n d S a le .— O n M a rch 2 8 t h e $ 4 0 ,0 0 0 5% 1 0 - 2 0 - y e a r ( o p t.) b u ild in g
b o n d s v o t e d F e b . 2 7 (V . 9 1 , p . 7 1 9 ) w e r e a w a r d e d t o t h e H a r r is T r u s t &
S a v in g s B a n k o f C h ic a g o a t 1 0 2 .8 2 ., I n t . a n d b la n k b o n d s . A m o n g t h e
o t h e r b id s r e c e iv e d w a s o n e o f 1 0 0 .5 3 ., I n t . a n d b la n k b o n d s fr o m E . I I .
R o llin s & S o n s o f C h ic a g o .
B E V E R L Y . B u r lin g to n C o u n t y , N . J .— B o n d O f f e r in g .— P r o p o s a ls w ill
b e r e c e iv e d u n t il 8 :3 0 p . m . A p r il 2 9 b y T h o m a s L e e , C h a ir m a n o f F in a n c e
C o m m it t e e , fo r $ 4 0 ,0 0 0 4
3 0 - y r . c o u p , ( w it h p r lv . o f r e g .) s e w e r b o n d s .
D en om . $500.
D a t e M a r ch 3 0 1 9 1 2 .
I n t . M . & S . a t t h e F ir s t N a t . B a n k
o f B e v e r ly o r th e C ity T r e a s . o f f ic e . C e r t, c h e c k fo r 2 % o f b id , p a y a b le t o
C . F . S t e v e n s o n , C ity T r e a s ., is r e q u ir e d . T o t a l d e b t , in c lu d in g t h is
Issu e , $ 4 2 ,7 5 0 .
B E X L E Y ( P . O . S t a . R . C o lu m b u s ) , O h io .— B o n d s V o te d .— A p r o p o s itio n
t o Issu e $ 9 0 ,0 0 0 s e w e r a n d w a t e r - s y s te m b o n d s Is r e p o r te d t o h a v e c a r r ie d
b y a v o t e o f 94 t o 3 0 o n A p r il 1 5 .
R I \N C H E S T E R . C lin to n C o u n t y . O h io .— B o n d O f f e r in g .— P r o p o s a ls
w ill b e d e c e iv e d u n t il 12 m M a y 6 b y M . A B a ld w in . V ll C le r k . fo r $2 5 0 0
4 % a r m o r y - b ld g .- s lt c - p u r c h a s c b o n d s . A u t h .. S e c . 3 9 3 9 e t s e q ., G e n .
C o d e . D a t e M c h . 15 1 9 1 2 .
In t. M . & S .
D ue M ch. lo 1 926.
B o n d s to
b e d e liv e r e d a n d p a id fo r w it h in 10 d a y s fr o m t im e o f a w a r d . C e r t, c h e c k
fo r 5% o f b o n d s b id f o r , p a y a b le t o t h e V ll. T r e a s ., r e q u ir e d .
P u rch.
t o p a y a c c r u e d I n t.
B O G A R T , O c o n e e C o u n t y , G a .— B o n d O ffe r in g .— P r o p o s a ls w ill b e
r e c e iv e d u n t il 12 m . M a y 1 b y L . C . C ro w , M a y o r , fo r t h e $ 5 ,0 0 0 5% s c h o o lb ld g . b o n d s v o t e d J a n . 9 (V . 9 4 , p . 2 2 4 ) .
D en om . $500.
D a t e A p r il 1
1912.
I n t . a n n u a l.
D u e $ 5 0 0 e v e r y th r e e y e a r s fr o m 1 9 1 5 t o 1 9 4 2 ln c l.
B O O N E IN D E P E N D E N T SCH O O L D IS T R IC T (P . O . B o o n e ), B oon e
C o u n t y , I o w a .— B o n d O f f e r in g .— P r o p o s a ls w ill b e r e c e iv e d u n t i l 5 p . m .
M a y 6 b v J . J . S n e ll, S e c y . B d . o f E d . , fo r t h e $ 1 0 0 ,0 0 0 4 H % 1 0 -y r . c o u p ,
t a x - f r e e b ld g , b o n d s ( V . 9 4 , p . 4 2 8 ) .
D e n o m . $ 1 ,0 0 0 .
D a te S e p t. 1 1912.
I n t . M . & S . In B o o n e . C e r t, c h e c k fo r $ 1 ,0 0 0 , p a y a b le t o t h e S e c y , is
r e q u ir e d .
B R IG H A M . B o x c ld e r C o u n t y , U t a h .— B o n d s V o te d .— ‘T h e e le c t io n h e ld
A p r il 9 r e s u lt e d In fa v o r o f t h e p r o p o s it io n t o Issu e $ 3 5 ,0 0 0 2 0 - y e a r w a t e r
w ork s b o n d s (V . 9 4 . p . 9 9 7 ). T h e v o te w a s 173 to 15.
B R IS T O L C O U N T Y ( P . O . T a u n t o n ) , M a s s . — N o te S a l e .— O n A p r il 16
t h e $ 1 0 ,0 0 0 4 % 8 - y e a r c o u r t - b u ild in g n o t e s (V . 9 4 , p . 9 9 7 ) w e r e a w a r d e d
t o B lo d g (,t & C o . o f B o s t o n a t 1 0 2 .0 8 3 — a b a s is o f a b o u t 3 .6 9 7 % . O th e r
B la k e ° B r o s <V C o .. B o s t o n . - 1 0 2 .0 7 |E s t a b r o o k & C o ., B o s t o n -------1 0 1 .3 8
B r is t o l C o . S a v . B k ., T a u n t .1 0 2 .0 6 IC u r tls & S a n g e r , B o s t o n ---------1 0 1 .0 2
R . L . D a y & C o .. B o s t o n -------1 0 1 .5 5 9 1
B R O W N T O N . M c L e o d C o u n t y , M in n .— B o n d s V o te d .— T h is p la c e h a s
v o t e d th e I s s u a n c e o f v illa g e - h a ll b o n d s , w h ic h , w e a r e a d v is e d , w ill b e
ta k en b y th e S ta te.
B R U N S W I C K T O W N S H I P ( P . O . B r u n s w ic k ) , M e d in a C o u n t y , O h io .—
B o n d S a le .— O n A p r il 15 t h e $ 6 ,0 0 0 5% 7 - y r . ( a v .) c o u p .C l e v e l a n d R o a d
N o . 1 lm p t . b o n d s , “ S e r ie s C ” (V . 9 4 , p . 9 9 7 ) , w e r e a w a r d e d t o t h e C iti
z e n s ’ N a t . B a n k o f W o o s t e r fo r $ 6 ,2 7 8 ( 1 0 4 .6 3 3 ) a n d I n t .— a b a s is o f a b o u t
4 .2 2 9 % . O th e r b id s fo llo w :
O ti3 & H o u g h , C le v e la n d ____ $ 6 ,2 7 2 H a y d e n , M ille r & C o ., C l e v . . . $ 6 , 2 1 0
S e a s o n g o o d & M a y e r , C in e —
6 ,1 6 7
S e c u r it y S a v . B a n k & T r u s t
C o ., T o le d o _________________ 6 ,2 2 5 S t a c y & B r a u n , T o le d o -----------6 ,1 2 4
N e w F ir s t N a t . B k ., C o l u m . . 6 ,2 2 1 W e ll, R o t h & C o ., G ln c in _____ 6 ,0 9 1
B U C H T E L S C H O O L D IS T R IC T ( P . O . B u c h t e l) . A t h e n s C o u n t y . O h io .
B o n d O ffe r in g .— P r o p o s a ls .w ill b e r e c e iv e d u n t il 12 m , M a y 3 b y J . M o-
1132
THE CHRONICLE
K i n n e y , C le rk B tl. o f E d . , f o r t h e $ 4 0 ,0 0 0 4 'A % b o n d s v o t e d M c h . 19 (V .9 4
p .9 9 7 ).
A u th ., S ec. 3992, R e v . S t a t.
D enom . $500.
D a t e ‘'d a y o f s a l e . ’
D u e $ 1 ,0 0 0 e a c h 6 m o n t h s f r o m M c h . 1 1914 to S e p t . 1 1933 i n c h
C e rt
c h e c k f o r 1% o f b o n d s b id f o r r e q u i r e d .
B o n d s to b e d e li v e r e d a n d p a id
f o r w i t h in 15 d a y s f r o m t im e o f a w a r d
BUFFALO. N. Y.— B o n d s A u th o rize d . — C h a p t e r s 3 7 3 a n d 3 3 1 o f t h e
L a w s o f 1912 a u t h o r i z e t h e is s u a n c e o f $ 2 ,0 0 0 ,0 0 0 b o n d s f o r t r u n k s e w e r s
a n d $ 1 , 000,000 t o c o m p l e te t h e w a t e r - w o r k s s y s t e m .
BUFORD, (iw innctt County, (ia. — B o n d s V oted a n d S o ld . — A n e le c t io n
h e ld A p r il 13 r e s u l t e d In f a v o r o f t h e p r o p o s i t io n t o is s u e $ 5 ,0 0 0 s c h o o l a n d
$ 5 ,0 0 0 w a t e r - w o r k s b o n d s .
W e a re a d v is e d t h a t th e s e b o n d s h a v e b e e n
s o ld .
BURNHAM, Cook County, III.— B o n d s V oted. — T h e q u e s t i o n o f I s s u i n g
$ 1 0 ,0 0 0 H o w a r d A v c . p a v i n g b o n d s w a s a p p r o v e d , r e p o r t s s t a t e , a t a n
e l e c t i o n h e ld A p r i l 16.
BYERS INDEPENDENT SCHOOL DISTRICT (P. O. Byers), Clay
County, T e x .— B o n d S a le . — O n A p r i l 10 $ 3 ,0 0 0 5 % 1 0 - 4 0 - y r . b o n d s ( o p t.)
w e re a w a rd e d to th e S t a te P e r m a n e n t S c h o o l F u n d a t p a r a n d I n te r e s t.
CACHE COUNTY (P. 0 . Logan), Utah. — B o n d E le c tio n . — A n e le c t io n
w ill b e h e ld J u n e 2 5 , i t is s t a t e d , t o v o t e o n a p r o p o s i t i o n t o is s u e $ 1 5 0 ,0 0 0
ro ad bonds.
CAMDEN COUNTY (P. O. Camden), N. J. — B o n d s A u th o r iz e d . — O n
A p r i l 10 t h e B o a r d o f F r e e h o l d e r s a d o p t e d a r e s o l u t i o n , it is s t a t e d , p r o v id i n g
to r t h e is s u a n c e o f $ 5 0 ,0 0 0 4
2 0 - y e a r b r id g e b o n d s .
CAMERON COUNTY DRAINAGE DISTRICT NO. 2. T exas.— .>So A ctio n
[VOL.
p o r t i o n , G r e e n R o a d I m p t . a n d $ 5 ,6 9 2 L a k e
4 Y i% c o u p o n b o n d s . (V . 9 4 , p . 9 3 0 .)
$ 1 2 ,2 5 3
C . E . D e n is o n & C o ., C le v e la n d
_
T i l l o t s o n & W o lc o t t C o .. C le v e la n d
H a y d e n , M ille r & C o ., C l e v e la n d . _
issu e.
P r e m iu m .
.(C$25 1 20
L X X X X IV
S h o re B o u le v a rd
$ 5 4 ,5 2 3
issu e.
P r e m iu m .
« $ 1 ,1 0 5 8 3
B rid g e
$ 5 ,6 9 2
issue.
P r e m iu m .
n $ 1 2 1 60
1 ,0 2 5 0 3
1 12 70
1 ,0 3 0 00
9 5 00
1 ,0 3 8 17
O tis & H o u g h , C le v e la n d .
9 5 4 15
1 0 6 .4 3
9 6 6 00
9 5 9 60
F ifth - T h ir d N a t. B a n k , C in c in n a ti- —
986 87
__________
CUYUNA, C r o w Wing County, M in n . — B o n d O ffe rin g . — P r o p o s a l s w ill
b e r e c e i v e d u n t i l 8 p . m . A p r i l 3 0 b y G . A n d e r s o n , V illa g e R e c o r d e r , f o r
$ 1 5 ,0 0 0 w a t e r - w o r k s a n d $ 1 0 ,0 0 0 s e w e r 6 % b o n d s .
D e n o m . to s u it p u r
c h a se r.
I n t. s e m i-a n n u a l.
D u e : w a t e r b o n d s , $ 5 ,0 0 0 in 5 10 a n d 15
y e a r s ; s e w e r b o n d s , $ 5 ,0 0 0 in 12 a n d 17 y e a r s .
N o d e p o s i t r e q u i r e d w ith
b id .
B o n d e d d e b t , i n c l u d i n g t h is is s u e , $ 3 4 ,0 0 0 .
DAYTON, Ohio.— B o n d s A u th o rize d . — O r d i n a n c e s w e r e p a s s e d o n A p r i l 8,
I t Is s t a t e d , p r o v id i n g f o r t h e is s u a n c e o f t h e f o llo w in g b o n d s , a g g r e g a t i n g
$ 9 9 ,COO: $ 2 5 ,0 0 0 t i r e - d e p a r t m e n t , $ 3 5 ,0 0 0 s e w e r - c o n s t r ., $ 2 0 ,4 0 0 ( c i t y ’s
p o r ti o n ) s t r e e t - l m p t . , $ 8 ,0 0 0 ( c i t y ’s p o r ti o n ) s e w e r - c o n s t r ., $ 3 ,9 0 0 B r i g h t w o o d A v e . e x t . , $ 1 ,0 0 0 C l a y to n S t . e x t . a n d $ 5 ,7 0 0 ( c i t y ’s p o r t i o n ) s id e
w a lk a n d c u rb in g - im p t. b o n d s .
DAYTON. Rhea County, Tenn. — B o n d s O ffered bp B a n k e r s . — F a r s o n , S o n
& C o . o f N . Y . a n d C h ic , a r e o f f e r in g t o i n v e s t o r s t h e $ 2 5 ,0 0 0 5 % w a t e r
w o r k s b o n d s (V . 9 4 , p . 2 9 5 ) .
D e n o m . $ 1 ,0 0 0 .
D a t e D e c . 1 1911
In t.
J . & D . a t F a r s o n , S o n & C o . in N . Y . o r C h ic a g o .
D u e D e c . I 19 11.
T o t a l b o n d e d d e b t , i n c l u d i n g t h is is s u e , $ 3 5 ,6 3 2 . A s s e s s e d v a t . , $ 7 5 3 ,3 0 0 .
DAYTON, Columbia County. W ash.— B o n d S a le . — O n A p r i l 2 t h e $ 1 4 ,0 0 0
1 4 - 2 0 -y r . ( s e ria l) f u n d in g b o n d s (V . 9 4 , p . 8 6 4 ) w e r e a w a r d e d t o t h e U n io n
T r u s t & S a v i n g s B a n k o f S p o k a n e f o r $ 1 4 ,0 0 5 ( 1 0 0 .0 3 5 ) f o r 5 H s .
O th e r
b i d s fo llo w :
F or 5 s.
I
For 5 H s .
H . C . S p e e r & S o n s C o .,
[ J o h n N u v e e n & C o ., C h i c . $ 1 4 ,1 0 2 50
C h i c a g o - - -------------------- $ 1 3 ,8 7 5 0 0 | N . W . H a l s e y & C o ., C h ic . 1 4 ,0 1 5 00
F o r s y te .
I
F o r 6 s.
U n .T r .& S a v .B k ., S p o k a n e .a l l , 4 9 0 0 0 ( E g g l e s t o n & C o ____ ____ 1 4 ,9 0 0 0 0
H .C .S p c e r & S o n s C o .,C h lc .a l 4 ,4 7 5 0 0 I W e il, R o t l i & C o ., C h i c ___a l 4 , 8 5 0 0 0
E g g l e s t o n & C o ---------------- 1 4 ,4 3 0 0 0 S e a s o n g o o d & M a y e r , C l n . 1 4 ,4 4 0 0 0
H o e h l e r & C u m m i n g s ,T o l . a l 4 , 4 2 4 2 5 1 B r a n d ft S t e v e n s , L o s A n g . 1 4 ,3 7 4 98
C a r s te n s & E a r le s , I n c . ,
IC la rk
B ro s, a n d
K le in
S e a t t l e _____ _____________ a l 4 , 3 3 2 0 0
T r u s t C o _____ _________ 1 4 ,2 0 7 00
E . H . R o l li n s & S o n s , P o r t l . a t 4 , 151 20 [ R a m s e y & S h e p a r d , C h i c . 1 4 ,1 5 0 0 0
C a u s e y F o s t e r & C o.. D e n v . a l 4 , t 4 6 0 0 [C . S . K i d d e r & C o . , C h ic
a l 4 , 0 1 5 00
C o l u m b i a N a t .B k ., D a y t o n 1 4 ,1 0 6 0 0 | B r o u g h t o n N a t . B k . , D a y t . _ a l 4 , 0 0 0 00
251
241
239
237
227
219
19
00
84
71
00
33
Y et T a k e n . — N o a c t i o n h a s b e e n t a k e n , w e a r e a d v i s e d u n d e r d a t e o f A p r . 1 0 ,
lo o k in g t o w a r d s t h e i s s u a n c e o f t h e $ 1 0 5 ,0 0 0 b o n d s r e c e n t l y v o t e d (V 9 4
p . 3 6 6 ).
CARLTON, Yamhill County, Ore.— B o n d S a le . — O n A p r i l 1 t h e $ 3 5 ,0 0 0
6 % 1 0 - 2 5 -y r . ( o p t.) g o ld c o u p , w a t e r - w o r k s b o n d s (V . 9 4 , p . 8 6 3 ) w e re
a w a r d e d t o S . A . K e a n & C o . o f C h ic a g o a t 1 0 0 .2 0 .
O t h e r b id s fo llo w .
J . N . W r i g h t & C o ., D e n v - $ 3 5 ,0 0 5 0 0 J C . S . K i d d e r & C o ., C h i c a g o . $ 3 4 ,0 0 0
H o e h l e r & C u m m i n g s , T o l . 3 4 ,3 1 0 0 0 1U le n & C o ., C h i c a g o ________ 3 3 ,1 5 0
CARROLLTON. Carroll County, G a . — B o n d s V oted. — I t is r e p o r t e d t h a t
a n e le c t io n h e ld r e c e n t l y r e s u l t e d in f a v o r o f t h e p r o p o s i t i o n s t o is s u e $ 9 ,0 0 0
s e w e r , $ 4 ,0 0 0 w a t e r - w o r k s , $ 2 5 ,0 0 0 c i t y - h a l l , $ 1 8 ,0 0 0 s c h o o l- b u il d i n g a n d
$ 1 0 ,0 0 0 s t r e e t a n d s id e w a l k - i m p r o v e m e n t b o n d s .
CHANCELLOR, Turner County, So. Dak.— B o n d E le c tio n . — R e p o r t s
s t a t e t h a t a n e le c t io n w ill b e h e ld A p r i l 24 t o v o t e o n a p r o p o s i t io n t o is s u e
$ 4 ,5 0 0 s c h o o l- b u il d i n g b o n d s .
CHATTANOOGA, Hamilton County, Tenn. — B o n d O ffe rin g . — Bids w ill
b e r e c e i v e d u p t o M a y 14 b y T . C . T h o m p s o n , M a y o r , f o r t h e f o 'l o w i n g
4 Vi% c o u p o n b o n d s :
$ 2 5 0 ,0 0 0 p a r k b o n d s v o t e d M a rc li 2 6 (V . 9 4 , p . 9 3 0 ) .
D a t e M a y 1 191
D u e M a y 1 1942.
3 0 0 ,0 0 0 s e .v e r a n d f u n d i n g b o n d s .
D a te D e c . 30 19 1 1 .
D u e D e c . 30
a a n d blank bonds.
1941.
D E C K E R T O W N S H I P SC HO O L D I S T R I C T , K n o x C o u n t y , I n d . D e n o m . $ 1 ,0 0 0 .
I n t e r e s t s e m i - a n n u a l l y a t t h e N a t i o n a l P a r k B a n k in
B
o
n d S a le .— On I 'e b . 26 $13,500 4 % b ld g, b o n d s were a w a r d e d to J F
N ew Y o rk .
C e r ti f ie d c h e c k f o r 1 % . p a y a b l e t o t h e C i ty T r c a s . , r e q u i r e d .
Wi ld & Co. of I n d i a n a p o l i s a t 100.50. D e n o m . $450.
D a te F e b . 26 10121
CHERAVV. C h e s t e r f ie l d C o u n t y . S o . C a r o . — B o n d s V oted. — L o c a l p a p e r s I n t . J . & J . D ue f r o m 1 to 15 y ea rs .
s t a t e t h a t t h e e l e c t i o n h e ld A p r il 1 r e s u l t e d in f a v o r o f t h e p r o p o s i t io n s t o
D
E
L
A
W
A
R
E
,
D
e
la
w
a
r
e
C
o
u
n
t
y
,
Oh
io
.—
B
o
n
d
s
A
u th o rize d .— Lo c al
is s u e t h e $ 4 7 ,0 0 0 w a t e r . $ 3 0 ,0 0 0 s e w e r a n d $ 8 ,0 0 0 l i g h t - p l a n t - i m p t . 2 0 - 4 0 p a p e rs s t a t e t h a t a n o r d i n a n c e h a s be e n p a s s e d p r o v i d i n g fo r t h e Is su a n ce
y e a r ( o p t.) b o n d s (V . 9 4 , p . 8 6 3 ) . I t is f u r t h e r s t a t e d t h a t i t is n o t e x p e c t e d
of $12,000 b o n d s to r ef u n d o u t s t a n d i n g ce rt ll lc a t e s of I n d e b t e d n e s s .
t h a t t h e $ 8 ,0 0 0 l i g h t - p l a n t b o n d s w ill b e i s s u e d , t h e T o w n C o u n c il o n
A p r i l 11 h a v i n g b e e n a u t h o r i z e d b y t h e f r e e h o ld e r s to m a k e t h e b e s t t e r m s
D E L T O N , S a u k C o u n t y , W i s . — B o n d s V o ted .— A v o t e of 111 to 51 w as
c a s t o n A pr il 2, r e p o r t s s t a t e , o n t h e q u e s t i o n of is su ing $1 0 ,0 0 0 r o a d p o s s ib le w i t h t h e B l e w i tt F a l ls P o w e r C o . o f R o c k i n g h a m , N o . C a r o ., t o p u r
construction bonds.
c h a s e t h e t o w n ’s l i g h t - p l a n t , f u r n i s h l i g h t a n d p o w e r t o p u m p t h e t o w n ’s
w a te r s u p p ly .
.
D E N T O N . D e n to n C o u n t y , T e x . — B o n d s V o ted .— T h e q u e s t i o n of is su ing
t h e $9,00 0 5 % sch o o l-b ld g , a n d I m p t . b o n d s (V. 94, p. 930) c a r r i e d , it is
s t a t e d , b y a v o t e o f 122 to 22 a t t h e ele ct io n h el d A pr il 9.
D I M M I T C O U N T Y COMMON SC H O O L D I S T R I C T NO. 2. T e x — B o n d
S a le .— T h e S t a t e P e r m a n e n t Scho ol F u n d wa s a w a r d e d a t p a r a n d I n t e r e s t
$5 ,0 00 2 0 -4 0- yr . (opt.) b o n d s o n A pr il 10.
D O D G E . D o d g e C o u n t y , Ne b.— B o n d E lectio n .— An e l ec ti o n will be held
M ay 1 to v o te o n t h e p r o p o s it i o n t o issue $23,0 00 5 % 5-20 -y r, ( o pt .) s ch oo l
b u il d in g b o n d s .
D O U G L A S S , B u tl e r C o u n t y . K a n s . — B o n d s V o ted .—-R ep o rt s s t a t e t h a t
a t a r e c e n t el ec ti o n t h e q u e s ti o n of Issui ng $3 ,500 sc h o o l- b u i ld in g b o n d s
w a s f a v o r a b l y v o t e d on .
D U B O I S . Clearfield C o u n t y . P a . — B o n d s D efeated.— T h e el ec ti o n Held
A p r il 13 r e s u lt e d In d e f e a t of th e p r o p o s it i o n to Issue t h e $ 25 ,00 0 b ld g ,
b o n d s . (V. 94, p. 930.)
D U V A L C O U N T Y (P . O. J a c k s o n v i l l e ) , F l a . — B o n d O ffe rin g .— P r o p o s a ls
will be r ec ei ved u n t i l M ay 4 for $25 0,0 00 5 % gold c o u p , r o a d b o n d s .
De
n o m . $1 ,00 0. D a t e Dec. 1 1909. I n t . s e m l - a n n . a t J a c k s o n v i l l e .
Due
Dec. 1 1939. Official c i r c u la r s t a t e s t h a t t h e r e is n o l i ti g a ti o n t h e a t e n e d
.affecting th e se b o n d s .
Bo nd s h a v e be e n a p p r o v e d b y S t o r y , T h o r n d y k e
& T h a y e r of B o s to n . T h e s e s ecu ri tie s a r c p a r t of a n issue of $1 ,0 0 0 ,0 00 ,
C LA I RET IE INDEPENDENT SCHOOL DISTRICT (P. O. Clairctte), $50 0,0 00 of w h ic h h a v e b ee n sold (V. 93, p. 609).
E A S T L I V E R P O O L S CHO OL D I S T R I C T (P . O. E a s t Li v e r p o o l) .
Erath County. T exas.— B o n d S a le . — O n M a r c h 2 0 t h e $ 6 ,0 0 0 5 % 1 0 - 4 0 -y e a r
C o l u m b i a n a C o u n t y , O h i o . — V o te.— T h e v o t e c a s t a t t h e e l ec ti o n he ld
( o p t.) b o n d s r e g i s t e r e d o n F e b . 2 6 (V . 9 4 , p . 72 0 ) w e r e a w a r d e d to H a m i l t o n
April 16 o n t h e p r o p o s it i o n to Issue $ 1 35, 00 0 4 % b ldg , b o n d s (V. 94, p.
C o u n ty a t p a r a n d in t.
D enom . $500.
D a te J u n e 1 1911.
I n t. a n n u a l.
1075) was 1108 ’’f o r ” to 923 ‘‘a g a i n s t . ’’
COFFEYVILLE, Montgomery County, K a n — B o n d s V oted . — A n
EA S T O N . T a l b o t C o u n t y . .Md.— B o n d S a le .— O n A p r il 11 t h e $ 34 ,00 0 4 %
e le c t io n h e ld A p r i l 9 r e s u l t e d , i t is r e p o r t e d , in a v o t e o f 1 ,3 2 2 t o 2 8 0 , In
1 6 )( - y e a r (average) s t r e e t - l m p t . b o n d s (V. 94, p. 931) w ere a w a r d e d to
f a v o r o f t h e q u e s t i o n o f is s u i n g $ 1 3 0 ,0 0 0 w 'a t e r - w o r k s - I m p t . b o n d s .
A
T o w n s e n d S c o t t & So n , B a l ti m o r e , M d ., for $32,2 15 (94.77) a n d I n t. O t h e r
s i m i l a r I s s u e o f b o n d s w a s s o ld t o S u t li e r l in & C o ., o f K a n s a s C i ty , M o .
b id s follow:
(V . 9 4 , p . 1074.)
B a k e r , W a t t s & Co., B a l t . $ 3 1 ,912 7 0 [ P o e & Da vie s, B a l t ____ $3 1 ,6 4 3 80
COHASSET, Itasca County, Alinn.— B o n d S a le . — O n A p r i l 15 t h e $ 6 ,3 0 0 W
. C. C r a w f o r d . _ ............... 3 1 ,820 0 0 )
% 1 0 - y r. r e f u n d i n g b o n d s (V . 9 4 , p . 9 3 0 ) w e r e a w a r d e d to t h e F i r s t S t a t e
E D E N , H a n c o c k C o u n t y , M e. — N o B o n d s A w a rd ed .— No a w a r d w as
B a n k of G ran d R a p id s a t p a r.
D e n o m . (12) $ 5 0 0 a n d (1) $ 3 0 0 .
D a te
m a d e o n A pril 12 of t h e $ 20 ,00 0 4 % 15-yr. reg. g r a n t lot b o n d s olfc red on
M a r c h 12 1 9 1 2 .
In t. if . & S.
COLUMBIANA COUNTY (P. O. Lisbon), O h io . B o n d O ffe rin g . — P r o t h a t d a y (V. 94, p. 998 ), a s i n j u n c t i o n p r o ce e d in g s h a v e bee n I n s t i t u t e d .
p o s a ls w ill b e r e c e i v e d u n t i l 1 p . m . M a y 6 fo r $ 8 ,2 8 1 51 4 'A % r o a d b o n d s .
E L E C T R A I N D E P E N D E N T S CH O O L D I S T R I C T (P . O. E l c c t r a ) ,
D e n o m . (16) $ 5 0 0 a n d (1) $2 8 1 5 1 .
D a t e .M ay 1 1 9 1 2 .
I n t . a im . in S e p t .
W i c h i t a C o u n t y , T e x . — B o n d S a le .—-On A pril 10 t h e S t a t e P e r m a n e n t
S cho ol F u n d w as a w a r d e d a n issue of $6 ,0 00 5 % 1 0- 20- yea r (op t.) b o n d s
D u e $ 2 8 1 51 S e p t . 1 1913 a n d $ 5 0 0 y e a r l y S e p t . 1 1914 t o 1929 In c l. C e r t,
a t p a r a n d in t e r e s t.
c h e c k o n a lo c a l b a n k f o r $ 5 0 0 , p y a a b l e to t h e C o u n t y T r e a s . , r e q u i r e d .
P u r c h a s e r to p a y a c c ru e d I n te r e s t.
B id s m u s t b e u n c o n d i t i o n a l .
E L K H A R T I N D E P E N D E N T S CHO OL D I S T R I C T (P . O. E l k h a r t ) , An
CONSHOHOCKEN SCHOOL DISTRICT (P. O. C onshohockcn), Mont d e r s o n C o u n t y , T e x . —B o n d S a le .—-An issue of $1 ,5 00 5 % 10-20-yr. (op t.)
gomery County, Pa.— B o n d S a le . — O n A p r il 17 t h e $ 2 0 ,0 0 0 4 y2 % 15 H - y r . b o n d s w as p u r c h a s e d o n A pril 10 b y t h e S t a t e P e r m a n e n t S cho ol F u n d a t
p a r a n d in t . T h e S t a t e C o m p t r o ll e r r e g i st e r e d th e se b o n d s o n A p r il 13.
( a v .) r e g . f u n d i n g a n d b l d g , t a x - f r e e b o n d s (V . 9 4 , p . 1 0 74) w e re a w a r d e d to
N . W . H a l s e y & C o . o f N . Y. a t 1 0 3 .5 8 5 a n d i n t . — a b a s is o f a b o u t 4 . 1 8 % .
E L L S W O R T H , H a n c o c k C o u n t y , M e. — B o n d O ffe rin g .— P r o p o s a ls will
O t h e r b i d s f o llo w :
b e r ece iv ed u n ti l 7 p. m . M ay 7 b y C. W . J o y , C it y T r e a s . , for $1 7 ,0 0 0 4 %
N e w b u rg e r,
H en d erso n
&
C . I I . V c n n e r & C o ., N . Y ___ 1 0 2 .5 1 3
20-year coup, refunding bonds.
D e n o m . $500. D a t e J u n e 1 1912. I n t .
L o e b , P h i l a d e l p h i a .............. 1 0 3 .3 9
E d . V . K a n e & C o ., P h i l a . .1 0 2 .2 7
J . & D. a t t h e C it y T r e a s . office o r a t a n y b a n k in N ew E n g l a n d , a t t h e
T o w n s e n d , W h e le n & C o
1 0 3 .1 3 3 7 G r a h a m & C o ., P h i l a _ _
1 0 2 .1 5
o p t i o n o f ho lde r.
H a r r i s , F o r b e s & C o ., N . Y . 1 0 3 .0 9 1
R o b e r t G l e n d in n i n g & C o .,
E L M W O O D V I L L A G E S CHO OL D I S T R I C T . H a m i l t o n C o u n t y , O hi o. —
H e y l & C o ., P h i l a d e l p h i a ___1 0 2 .8 3
P h i l a d e l p h i a _____________ 1 0 1 .6 8
B o n d O ffe rin g .— P r o p o s a ls will be r ece iv ed u n t i l 12 m . May 4 b y J . L.
B id s w e r e a ls o r e c e i v e d f r o m t h e T r a d e s m e n ’s N a t i o n a l B a n k , t h e F i r s t
C h a m n l l n , Clerk Bd. of E d . (P . O. No. 126 H ig h la n d A v e . , E l m w o o d
N a t. B a n k a n d G. W . K eys o f C o n sh o h o ck en a n d M . M . F re em a n & Co.
P la c e) , for 54,000 4 u % s c h o o lh o u s c - r e p a lr b o n d s . A u t h . Sees. 7629 a n d
o f P h ila d e lp h ia .
.
7630, Ge n. Cod e.
De n o m . $ 200 . I n t . s e m i - a n n u a l l y a t t h e F ir s t N a t .
COOK COUNTY SCHOOL DISTRICT NO. 38 (P. 0 . K enilworth), III — B a n k of El m w o o d P la c e. D u e $400 y e a r l y fro m 5 to 13 y e a r s Incl. C e r t i
D escription o f B o n d s . — T h e S 2 3 .0 0 0 5 % b u i ld i n g b o n d s a w a r d e d M a rc h 27
fied c h e c k fo r $400 r e q u i r e d . P u r c h a s e r to p a y a c c r u e d in t e r e s t .
t o Y a r d , O t i s & T a y l o r o f C h ic a g o a t 1 0 7 .4 7 8 a n d i n t . (V . 9 4 , p . 1074) a r e
E L P AS O C O U N T Y ( P . O. El P a s o ) , T e x a s . — B o n d s R eg istered .— T h e
in t h e d e n o m . o f $ 1 ,0 0 0 e a c h a n d d a t e d A p r i l 1 1 9 1 2 .
I n t. A . & O .
D ue
$ 40 ,00 0 5 % 1 0 -1 0 -y ea r (o p t.) c o u r t - h o u s e b o n d s sold o n F e b . 27 to t h e
o n A p r i l 1 a s fo llo w s : $ 1 ,0 0 0 in 1 9 2 2 , 192 3 a n d 1 9 2 4 ; $ 2 ,0 0 0 f ro m 1 9 2 5 to
A m e r . N a t . B a n k of El P as o (V. 94, p. 720) w e r e r e g i s t e r e d b y t h e S t a t e
1 9 2 9 , i n c l .; S 3 ,0 0 0 in 1930 a n d 1 9 3 1 , a n d $ 1 ,0 0 0 in 1 9 3 2 .
N o o th e r d e b t.
C o m p t r o l l e r o n A pr il 12.
A s s e s s e d v a l u a t i o n , $ 4 6 8 ,4 5 0 .
E M M E T C O UN TY ( P , O. P e t o s k c y ) , M ic h . — B o n d s D efeated.— An
CORPUS CHRISTI, Nueces County, T ex.— B o n d S a le . — T h e $ 1 5 0 ,0 0 0 e l ec
ti o n held A pr il 1 r e s u lt e d In th e d e f e a t of t h e p r o p o s it i o n to Issue $12,000
5 % 1 0 - 4 0 -y r . ( o p t.) s t r e e t - p a v i n g b o n d s v o t e d o n M a r c h 2 5 a r e t h e s a m e
b o n d s . T h e v o te w as 920 “ f o r ” to 2, 1 56 “ a g a i n s t . ”
b o n d s a w a r d e d t o S u t h e r l i n & C o . o f K a n s a s C i ty in F e b r u a r y (V . 9 1,
E M P I R E V I L L A G E SC HO O L D I S T R I C T (P. O. E m p i r e ) , J e f f e r s o n
p . 9 9 8 ).
D e n o m . $ 1 ,0 0 0 .
D a t e A p r il 1 1 9 1 2 .
I n t. A . & O .
W e a re
C o u n t y , O hi o .— B o n d O ffe rin g .— Tills d i s t r i c t will o il er for s ale a t 6 p. m .
a d v i s e d t h a t S u t h e r l i n & C o . e n t e r e d i n t o a c o n t r a c t w i t h t h e c i t y In
M a y 1 a n issue of $30,0 00 4 '/ ,% school b o n d s . A u t h . , Sec. 7625 c t s e n .,
F e b r u a r y to p u r c h a s e t h e b o n d s , p r o v id i n g t h e s a m e c a r r i e d a t t h i s e le c t io n .
Gen. Code. D e n o m . $500. I n t . A. & O. D u e $500 e a ch six m o n t h s
COYVDEN SCHOOL DISTRICT (P. O. Cowdcn), Shelby County, III.—• fro
m A pril 1 1914 to O ct . 1 1916 incl., $1,00 0 o n A pr il 1 a n d $500 o n O c t. 1
B o n d s V oted. — A n e le c tio n h e ld A p r il 5 r e s u l t e d , r e p o r t s s t a t e , in f a v o r o f t h e
1917, 1918, 1919, 1920, 1921, 1922, a n d $ 1,000 ea ch six m o n t h s f r o m A pril 1
q u e s t i o n o f is s u in g $ 1 0 ,0 0 0 b u i ld i n g b o n d s , t h e v o t e b e in g 92 to 2 0 . A lik e
1923 to O ct . 1 1931 incl. C e r t , che ck for 1% of bid, p a y a b l e to t h e B d .
is s u e o f b o n d s w a s s o ld , It w a s r e p o r t e d s e v e r a l w e e k s , a g o (V . 9 4 , p . 64 6 )
of E d . , r e q u i r e d . N o b o n d e d d e b t . Assessed v a t . , $ 1 , 3 1 0 ,0 0 0. E . S.
t o O . E . M a th e n e y o f S p r in g f ie ld .
M in o r is Clerk B o a r d of E d u c a t i o n .
CROOKSTON SCHOOL DISTRICT (P. O. Crookston), Polk County.
R E N C E . L a u d e r d a l e C o u n t y , A la .— B o n d S a le .— L o c al p a p e r s s t a t e
Minn.— B o n d s V oted. — T h e q u e s t i o n o f is s u in g $ 1 5 0 ,0 0 0 h l g h - s c h o o l- b u i ld - t h aFtL O
a n Issue of $15,000 b o n d s for t h e S t a t e N o r m a l Sc h o o l h a v e bee n
in g b o n d s c a rrie d a t a r e c e n t e le c tio n . T h e v o te , a c c o rd in g to r e p o r ts , w a s
d is p o s ed of.
777 to 144.
FRANKFORT INDEPENDENT SCHOOL DISTRICT. T exas.— B o n d
C U Y AHOGA COUNTY (P. O. Cleveland) , Ohio.— B o n d S a le . — On A p r l 13 S a le
. — T h e S t a t e P e r m a n e n t S c h o o l F u n d p u r c h a s e d $ 2 ,0 0 0 5 % 5 - 2 0 - y e a r
CHICO INDEPENDENT SCHOOL DISTRICT (P. O. Chico), Wise
County, T ex.— B o n d S a le . — T h e S t a t e P e r m a n e n t S c h o o l F u n d p u r c h a s e d
o n A p r i l 10 a n I s s u e o f $ 1 0 ,0 0 0 5 % 2 0 - 4 0 - y r . ( o p t.) b o n d s a t p a r a n d i n t .
T h e s e b o n d s w e r e r e g i s te r e d b y t h e S t a t e C o m p tr o l le r o n A p r i l 11.
CHIPPEW A COUNTY (P. O. Sault Ste Marie), Mich.— B o n d S a le . — O n
A p r i l 9 t h e $ 4 0 ,0 0 0 4 X % 1 5 - y r . r e f u n d i n g b o n d s (V . 9 4 , p . 99 8 ) w e r e
a w a r d e d t o S e a s o n g o o d & M a y e r o f C ln . a t 1 0 2 .8 0 — a b a s is o f a b o u t 4 . 2 4 6 % .
O t h e r b i d s fo llo w :
S . A . K e a n & C o ., C h i c a g o $ 4 0 ,9 4 0 00 O t i s & H o u g h , C l e v c _____ $ 4 0 ,7 0 5 00
I l o e h l e r & C u m m in g s , T o l. 4 0 ,9 0 4 25 A . J . H o o d & C o ., D e t - _ 4 0 ,6 4 5 50
M c C o y & C o ., C h i c _______ 4 0 ,8 1 0 00 E . H . R o llin s & S o n s , C h ic . 4 0 ,4 5 6 0 0
J o h n N u v e e n & C o ., C h i c . 4 0 ,8 0 0 00 I I .C .S p e e r & S o n s C o .,C h ic . 4 0 ,4 0 5 00
A . B . L e a c h & C o ., C h ic . - 4 0 ,7 3 2 00 C . H . C o lf ln , C h i c a g o ____ 4 0 ,2 0 1 00
H a r r i s T r . & S a v . B k . , C h i c . 4 0 ,7 2 8 00 F a r s o n , S o n & C o ., C h i c . . 4 0 ,0 0 0 0 0
CITRUS COUNTY (P. 0 . I n v e r n e s s ) , F l a . — D escription o f B o n d s . — T h e
$ 4 5 ,0 0 0 6 % c o u r t - h o u s e b o n d s (V . 9 4 , p . 9 9 8 ) a r e in t h e d e n o m . o l $ 1 ,0 0 0
e a c h a n d d a t e d F e b 1 1 91 2 .
I n t. F . & A . a t F a rso n , Son & Co. of N . V .
a n d C h ic a g o , o r t h e C o u n t y T r e a s u r e r ’s o f fic e . 'T o ta l d e b t , $ 6 0 ,0 0 0 .
A s s e s s e d v a l . , $ 1 ,7 0 0 ,0 0 0 . T h e s e b o n d s w e r e a w a r d e d t o D u k e M . F a r s o n
o f C h ic a g o a n d l a t e r r e - s o ld t o F a r s o n , S o n & C o . o f C h ic a g o , w h o a r c n o w
o lT e rin g t h e m t o I n v e s t o r s .
6
the following bids were received for the $ 1 2 ,2 5 3 assess, and $ 5 4 ,5 2 3 county’s
( o p t.) b o n d s a t p a r a n d I n t e r e s t o n A p r i l 10 .3liM ia6 B 6 it* fciL H fi« 8 ti/< lA
A y r . 20 1912
THE CHRONICLE
FREDERICKTOWN, Knox County, Ohio.— B o n d S a le . — O n A p r i l 15
t h e $ 1 ,5 0 0 5 % 1 - 3 - y e a r ( s e r.) c o u p , w a t c r - w o r k s - e x t e n s i o n b o n d (V . 9 4 ,
p . 9 3 1 ) w e r e a w a r d e d t o I . C . L i n n f o r $ 1 ,5 3 1 ( 1 0 2 .0 0 6 ) a n d l n t . — a b a s is
of a b o u t 3 .9 2 % .
O t h e r b id s fo llo w :
C . A . B l a c k b u r n __________ $ 1 ,5 1 0 5 0 | J . B a ll ( fo r $ 1 , 0 0 0 ) ............................... p a r
H a y d e n , M ille r & C o ., C l e . 1 ,5 0 1 5 0 |
GALVESTON COUNTY COMMON SCHOOL DISTRICT NO. 19, T exas.—
B o n d s A w a rd ed in B a r t. — O n A p r i l 10 t h e S t a t e P e r m a n e n t S c h o o l F u n d
p u r c h a s e d a t p a r a n d l n t . $ 1 0 ,0 0 0 o f t h e Is s u e o f $ 1 4 ,0 0 0 5 % 2 0 - 4 0 - y e a r
( o p t.) b o n d s r e g i s t e r e d o n M a rc h 2 9 b y t h e S t a t e C o m p t r o l l e r (V . 9 4 , p . 9 9 9 ) .
GARLAND INDEPENDENT SCHOOL DISTRICT (P . O. Garland),
Dallas County. Texas. — B o n d S a le . — O n A p r i l 10 t h e $ 1 5 ,0 0 0 5 % 2 0 -4 0 y e a r ( o p t.) b u i ld i n g b o n d s v o t e d in J u l y 19 1 1 (V . 9 3 , p . 3 6 1 ) w e r e p u r
c h a se d b y th e S ta te P e rm a n e n t S chool F u n d a t p a r a n d l n t. T h e se b o n d s
w e r e r e g i s t e r e d o n A p r i l 13 b y t h e S t a t e C o m p t r o l l e r .
GAYLORD, Otsego County, Mich.— B o n d E le c tio n . — A c c o r d in g t o r e
p o r t s , a n e le c tio n w ill b e h e ld A p r il 22 t o v o t e o n a p r o p o s i t i o n to is s u e
$ 8 ,0 0 0 m u n i c i p a l - b u i l d i n g b o n d s .
GENESEE COUNTY (P. O. Flint). Mich.— B o n d s A u th o rize d .— O n
A p r il 11 t h e B o a r d o f S u p e r v is o r s a u t h o r i z e d t h e is s u a n c e o f $ 1 0 0 ,0 0 0 r o a d
b o n d s , a c c o rd in g to r e p o r ts .
GEORGE INDEPENDENT SCHOOL DISTRICT (P. O. George), Lyon
County, Iowa. — B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t i l 8 p . m .
A p r i l 23 b y J . A . P a r d o n , S e c y , B d . o f E d . , f o r $ 2 ,5 0 0 5 % 1 0 - y r . r c g . b u i l d
in g b o n d s .
D enom . $500.
D a te a b o u t J u n e 1 1912.
I n t . a n n . a t th e
C o n t i n e n t a l a n d C o m m e r c ia l N a t . B a n k , C h ic a g o . C e r t , c h e c k f o r $ 1 0 0 ,
p a y a b l e t o t h e P r e s i d e n t B d . o f E<1., r e q u i r e d .
B o n d e d d e b t , I n c lu d in g
t h i s i s s u e , $ 1 6 ,5 0 0 . A s s e s s , v a l . f o r 1 9 1 1 , $ 5 3 9 ,1 6 8 .
GLEN OLDEN SCHOOL DISTRICT (P. O. Glen Olden), Delaware
County, Pa. — B o n d E lection P ro p o sed . — A n e le c t io n w ill b e h e ld , I t Is
r e p o r t e d , t o v o t e o n a p r o p o s i t i o n t o I s s u e $ 1 5 ,0 0 0 b o n d s , t o j o in w i t h
N o r w o o d , R i d l e y P a r k a n d M o o re s I n e r e c t i n g a h i g h - s c h o o l a t N o r w o o d .
GLEN RIDGE, E s s e x County, N. J .— B o n d O ffe rin g . — P r o p o s a l s w ill b e
r e c e i v e d u n t i l 7 p . m . A p r i l 2 9 b y t h e B o r o C o u n c il f o r $ 4 4 ,0 0 0 4
w a te r
bonds.
D e n o m . $ 1 ,0 0 0 .
D a te M a y 1 1912.
I n t . M . & N . a t th e B o re
C o l le c t o r ’s o f fic e , a n d , a t t h e r e q u e s t o f t h e h o l d e r , p a y m e n t s w ill b e m a d e
in N e w Y o r k e x c h a n g e .
B o n d s w ill b e c o u p o n in f o r m w i t h t h e p r iv ile g e
o f r e g i s t r a t i o n a s t o p r i n c i p a l , o n l y o r a s t o b o t h p r in c i p a l a n d i n t e r e s t a t
th e o p tio n of th e h o ld e r .
D ue M ay 1 1932.
B o n d s w ill b e d e li v e r e d o n
M a y 1, o r a s s o o n t h e r e a f t e r a s p o s s ib l e . C e r t , c h e c k f o r 2 % o f b o n d s b id
f o r , p a y a b l e t o t h e B o r o C o l le c t o r , r e q u i r e d . T h e b o n d s w ill b e p r e p a r e d
a n d c e r t if i e d a s to g e n u in e n e s s b y t h e C o l u m b i a T r u s t C o . o f N e w Y o r k
a n d t h e l e g a l i t y o f t h e is s u e h a s b e e n a p p r o v e d b y H a w k in s D e la f le ld &
L o n g f e llo w , w h o s e o p i n io n w ill b e f u r n i s h e d to t h e p u r c h a s e r . J o h n A
B r o w n is I lo r o u g li C le r k .
T he o ffic ia l notice o f th is bond o fferin g w ill be fo u n d am ong the advertise .
m ents elsew here in th is D epartm ent.
GOLDBERG SCHOOL DISTRICT, Sacramento County, Cal.— B o n d
O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d , It is s t a t e d , u n t i l t o a . m . A p r il 22
b y t h e B o a r d o f S u p e r v i s o r s , f o r t h e $ 1 5 ,0 0 0 5 % b u i l d i n g r e c e n t l y v o t e d
(V . 9 4 , ]). 9 9 9 ) .
D en o m . $500.
GRAND TRAVERSE COUNTY IP. O. Traverse City), Mich.— V o te .—
T h e v o t e c a s t o n A p r i l 1 In f a v o r o f t h e p r o p o s i t i o n to I s s u e t h e $ 1 0 ,0 0 0
b o n d s t o p u r c h a s e t h e g r o u n d s o f t h e T r a v e r s e C i ty D r i v in g P a r k f o r a g r i
c u l t u r a l p u r p o s e s (V . 9 4 , p . 1 0 7 5 ) w a s 2 ,5 5 1 “ f o r ” a n d 1 .9 9 2 “ a g a i n s t . ”
D u e $ 2 ,0 0 0 y r l y . f o r 5 y r s .
W e a r c a d v i s e d t h a t t h e s e b o n d s w ill p r o b a b l y
b e b o u g h t b y lo c a l b a n k s .
GRANT’S PASS, Josephine County, Ore.— B o n d O ffe rin g . — P r o p o s a l s
w ill b e r e c e i v e d u n t i l 4 p . m . M a y 16 b y J . N . J o h n s t o n C i ty A u d i t o r , i t is
s t a t e d , f o r $ 1 4 ,1 4 8 6 % 1 - 2 0 - y c a r ( o p t.) s t r e e t i m p t . b o n d s .
In te re s t
se m i-a n n u a l.
C e r tl l lc d c h e c k f o r 5 % r e q u i r e d .
G R E E N B U S H , R o s e a u County, Minn.— B o n d O ffe rin g . — P r o p o s a l s w ill
b e r e c e i v e d u n t i l A p r i l 2 2 f o r 5 7 ,0 0 0 f u n d i n g a n d $ 2 ,0 0 0 v i ll a g e - h a ll 6 %
bonds.
A u t h o r i t y v o t e o f 3 0 t o 8 a t t h e e le c t io n h e ld M a rc h 12 (V . 9 4 ,
p . 7 2 1 ).
D u e M a y 1 1 92 2 .
GREENE COUNTY (P. O. E utaw ), Ala.— B o n d s D efeated.— T h e q u e s ti o n
o f I s s u in g $ 1 2 0 ,0 0 0 r o a d b o n d s t a i l e d t o c a r r y a t t h e e le c t io n h e ld A p r il 1.
(V . 9 4 , p . 6 4 7 .)
GREEN TOW NSHIP SCHOOL DISTRICT, Clark County, O h io— B o n d
S a le . — -O n A p r i l 16 t h e $ 1 5 ,0 0 0 5 %
1 3 ^ - y e a r ( a v .) c o u p , s i t e - p u r c h a s e
a n d b l d g , b o n d s (V . 9 4 , p . 1 0 7 5 ) w e r e a w a r d e d t o S c a s o n g o o d & M a y e r o f
C i n c i n n a t i a t 1 0 6 .1 0 a n d i n t . — a b a s is o f a b o u t 4 .3 8 8 % . O t h e r b i d s fo llo w :
F a r m e r s ' N a t . B a n k . S p r ln g f .$ 1 5 ,8 3 6 | B a r t o , S c o t t & C o ., C o l_____ $ 1 5 ,7 5 3
1 5 ,8 3 0 | B r e e d & H a r r i s o n , C i n _______ 1 5 ,7 5 0
W e il, R o t h & C o ., C l n -------GREENVILLE, B o n d C o u n t y , III.— B o n d s V oted. — B y a v o t e o f 2 1 9 to
9 8 , t h e q u e s t i o n o f is s u in g $ 7 ,0 0 0 w a t e r - w o r k s - s y s t e m - e x t . b o n d s c a r r ie d ,
I t is r e p o r t e d , a t a n e le c t io n h e ld A p r il 16.
GRISWOLD, Cass County, Iow a.— B o n d O ffe rin g . — P r o p o s a l s w ill b e
r e c e i v e d u n t i l 8 p . m . M a y 6 b y F . B . D c W i t t , C i t y C l e r k , f o r $ 7 ,0 0 0 5 %
5 - 2 0 - y e a r ( o p t.) w a t e r - w o r k s b o n d s .
I n t. se m l-a n n .
C e r t , c h e c k fo r
$ 5 0 0 , p a y a b l e t o I . L . W e lc h , T r e a s u r e r , is r e q u i r e d .
GUNTER INDEPENDENT SCHOOL DISTRICT (P. O. Gunter). Gray
son County, T ex.— B o n d S a le .— T h e S t a t e P e r m a n e n t S c h o o l F u n d w a s
a w a r d e d o n A p r i l 10 $ 1 ,4 0 0 5 - 4 0 - y e a r ( o p t . ) b o n d s a t p a r a n d i n t .
GUTHRIE, Logan County, Okla.— B o n d s P r o p o s e d .— L o c a l p a p e r s s t a t e
t h a t a r r a n g e m e n t s a r c b e in g m a d e b y t h e C ity C o m m is s io n e r s t o m a k e
a p p l i c a t i o n t o t h e D i s t r i c t C o u r t t o is s u e $ 1 5 ,0 0 0 w a t e r - w o r k s r e f . b o n d s .
HALE COUNTY (P. O. Greensboro). Ala.— B o n d S a le . — O n A p r il 8 t h e
$ 1 0 0 ,0 0 0 5 % c o u p , t a x - f r e e r o a d I m p t . b o n d s (V . 9 4 , p . 8 6 5 ) w e r e a w a r d e d
i t is s t a t e d , t o E . H . R o llin s & S o n s o f C h ic a g o .
HAMILTON COUNTY (P. O. Noblesvillc). Ind.— B o n d S a le .— O n A p r il 10
t h e A m e r i c a n N a t . B a n k p u r c h a s e d $ 3 3 ,4 0 0 r o a d b o n d s , i t is s t a t e d , f o r
$ 3 3 ,4 4 1 , m a k i n g t h e p r ic e 1 0 0 .1 2 3 .
HAMILTON SCHOOL DISTRICT (P. O. Hamilton), Butler County. Ohio.
— B o n d E lectio n . — L o c a l p a p e r s s t a t e t h a t t h e q u e s ti o n o f I s s u in g $ 2 5 0 ,0 0 0
b o n d s , t o e r e c t b o t h a h ig h s c h o o l a n d a g r a m m a r s c h o o l b l d g . In E a s t
H a m i l t o n , w ill b e s u b m i t t e d t o a v o t e o n M a y 2 1 .
HAMPSHIRE DRAINAGE DISTRICT, Jefferson County, T exas.— B o n d
E lectio n . — A c c o r d in g t o lo c a l p a p e r s , t h e t a x p a y e r s w ill v o t e o n M a y 11 o n
t h e q u e s ti o n of I s s u in g $ 1 0 0 ,0 0 0 d r a i n a g e b o n d s .
HARBOR SPECIAL SCHOOL DISTRICT (P. O. Harbor), Ashtabula
County, Ohio.— B o n d E lectio n . — A n e le c tio n w ill b e h e ld M a y 2 1 , It Is r e
p o r t e d , to v o t e o n a p r o p o s i t io n to is s u e $ 5 0 ,0 0 0 b u i ld i n g b o n d s .
HARTFOR D , C orn. — A rse n a l School D istrict B o n d S a le . — T h i s d i s t r i c t
h a s d i s p o s e d o f $ 6 0 ,COO 4$;, c o u p . b l d g , b o n d s . I n t . J . & J . D u e J a n . 1 1 9 3 2 .
HELBIG %CH00L DISTRICT <P. O Fcruiront), Jefferton County,
T exa s. — B or.d h a le . — J . r . S l u d t r & C o . o f F a n A n t o n i o h a v e p u r c h a s e d a t
p a r $2 5 ,0 0 0 5 % 3 C - 4 0 - y e a r ( o p l .) b l d g , l e n d s .
D e r c m . $ 1 ,(1 0 .
I n t.
a n n . in A p r i l .
I t w a s r e p o r t e d s o m e w e e k s a g o t h a t t h e s e s e c u r i ti e s h a il
b e e n s o ld t o t h e C o u n t y S c h o o l F u n d (V . 9 4 , p . 6 1 7 ).
HERRIN SCHOOL DISTRICT (P. O. Herrin), W illiamson County, III.—
B o n d O ffe rin g . — W e a r e a d v is e d t h a t t h e $ 2 3 ,0 0 0 4 M % 5 - y r . ( a v e r .) b l d g ,
b o n d s v o t e d M a rc h 4 (V . 9 4 , p . 7 2 1 ) a r c b e in g o f fe r e d f o r s a le .
J u ly
1 1924.
HILLSBORO (P. O. S r n M a t c c ) , C a l .— B o r d S a le . — O n A p r il 11 t h e
$ 1 1 5 , 0 0 0 str< < t - i n r p t . r i d $ 1 5 ,(C o O r e - d tp t . ; % l - 2 0 - y i r . r ( s e r .) b o n d s
v o t e d M a r c h 16 (V . 9 4 , p . 9 3 1 ) w e r e a w a r d e d , it Is s t a t e d , t o t h e M e r c a n ti l e
T r u s t C o . o f S a n F r a n c i s c o a t 1 0 3 .0 9 2 3 — a b a s ts o f a b o u t 4 . 6 2 5 % .
HOLMES COUNTY (P. 0 . Millcrsburg), Ohio.— D escription o f B o n d s .—
T h e $ 1 1 .0 0 0 4 h % e m e r g e n c y b r ld t e b o n d s a w a r d e d o n A p r il 8 t o t h e C o m
m e r c i a l S a v i n g s B a n k o f M J lI e rs b u r g a t 1 0 1 .1 2 (V . 9 4 , p . 1076) a r e in t h e
d e n o m . o f $ 5 0 0 e a c h a n d b e c o m e d u e $ 2 , COO y e a r l y .
In te re s t M . & S .
HOLTVILLE,
Imperial County. Cal.— B o n d s O ffered bv B a n k e r s —
F a r s o n , S o n & C o . o f C h ic , a n d N . Y . a r e o f f e r in g t o i n v e s t o r s $ 1 0 ,0 0 0 0 %
w a te r a n d f ir e -a p p a r a tu s l o n d s ,
D enom . $500.
D a te J a n . 1 1 9 1 2 . I n t
1133
J . & J . a t F a r s o n , S o n & C o . in N . Y . o r C h ic , o r t h e C i ty T r e a s . o f f ic e .
D u e f r o m J a n . 1 1 9 1 3 t o J a n . 1 1 9 2 2 . T o t a l d e b t , i n c l u d i n g t h i s is s u e ,
$ 4 7 ,0 0 0 . A s s e s s e d v a l u a t i o n , $ 5 3 1 ,4 8 0 .
H O N E Y G R O V E , F a n n i n C o u n t y , T e x . — B o n d s V o ted . — T h e e le c t io n h e ld
A p r i l 12 r e s u l t e d in f a v o r o f t h e p r o p o s i t io n t o I s s u e t h e $ 1 9 ,0 0 0 5 % 2 0 -4 0 y e a r ( o p t.) h i g h - s c h o o l- b l d g , b o n d s (V . 9 4 , p . 8 6 5 ) . T h e v o t e w a s 2 2 4 t o 12.
H O R A T I O S P E C I A L SC HO O L D I S T R I C T NO. 55. Sevier C o u n t y , A rk —
B o n d s O ffered by B a n k e r s . — F a r s o n , S o n & C o . o f C h ic , a n d N . Y . a r c o f fe r
in g t o I n v e s t o r s $ 1 5 ,0 0 0 6 % b o n d s .
D enom . $500.
D a te F e b . 1 1912.
I n t . F . & A . a t F a r s o n , S o n & C o . o f N . Y . a n d C h ic .
D u e f ro m A u g . 1
1 9 2 2 to A u g . 1 1 9 4 1 . N o o t h c r d e b t .
A s s e s s e d v a l u a t i o n , $ 3 9 0 ,2 7 4 .
HOWLAND
I N D E P E N D E N T S CH OO L D I S T R I C T ( P . O. H o w l a n d ) .
L a m a r C o u n t y , T e x a s . — B o n d s V o ted .— A t a n e le c t io n h e ld r e c e n t l y , a p r o p
o s it io n t o is s u e $ 1 0 ,0 0 0 b u i ld i n g b o n d s wra s f a v o r a b l y v o t e d u p o n .
H U D S O N C O U N T Y ( P . O. J e r s e y C i t y ) , N. J . — B o n d O ffe rin g . — P r o
p o s a ls w ill b e r e c e i v e d u n t i l 3 p . m . M a y 2 f o r t h e $ 1 2 5 ,0 0 0 3 0 - y e a r F o u r
t e e n t h S t . v i a d u c t a n d $ 1 0 0 ,0 0 0 2 0 - y e a r B r i d g e S t . b r i d g e 4 M % g o ld c o u p ,
( w i th p r iv i le g e o f r e g .) b o n d s ( V . 9 4 , p . 1 0 7 6 ) .
D a te M ay 1 1912.
In t:
sc m l-a n n .
C e r t, c h e c k ( o r c a s h ) o n a n a t i o n a l b a n k o r t r u s t c o . f o r 1 % o f
b i d , p a y a b l e t o S . M . E g a n , C o u n t y C o l le c t o r , is r e q u i r e d .
B o n d s w ill b e
c e r tille d b y th e U . S . M o rtg a g e & T r u s t C o . o f N . Y . a n d th e le g a lity a p
p r o v e d b y H a w k in s , D e la fle ld & L o n g f e llo w o f N . Y .
W a l t e r O ’M a r a is C lk .
T h e o ffic ia l notice o f
m en ts elsewhere in th is
H U N T COUNTY (P.
will b e h e ld o n M a y 2 5
th is bond o fferin g w ill be fo u n d a m ong the advertise
D e p a r tm e n t.
O. G r e e n v il le ) , T e x a s . — B o n d E lectio n . — A n e le c tio n
In P r e c i n c t N o . 1, i t Is s t a t e d , t o d e c id e w h e t h e r o r
n o t $ 4 0 0 ,0 0 0 r o a d b o n d s s h a ll b e I s s u e d
I N D I A N A , I n d i a n a C o u n t y . P a . — B o n d S a le . — O n A p r i l 15 t h e $ 2 0 ,0 0 0
4 'A % 2 0 M - y c a r ( a v .) c o u p , t a x - f r e e b l d g , b o n d s (V . 9 4 , p . 9 3 1 ) w e r e
a w a r d e d t o t h e C o m m o n w e a lt h T r u s t C o . in P i t t s b u r g h a t 1 0 4 .1 1 1 1 — a
b a s is o f a b o u t 4 . 2 0 % .
IR O N T O N , L a w r e n c e C o u n t y , O h i o .— B o n d O ffe rin g . — P r o p o s a l s w ill b e
r e c e i v e d u n t i l 12 m . M a y 2 4 . it is s t a t e d , b y C . K . T u r l e y , C i t y A u d i t o r
f o r $ 2 5 ,0 0 0 s e w e r a n d $ 1 5 ,0 0 0 s t r e e t - l m p t . 4 % 2 0 - y e a r b o n d s .
In t.s e m i
a n n u a l . C e r ti l le d c h e c k f o r $ 1 0 0 r e q u i r e d .
J A C K S O N J O I N T U N I O N H I G H SC HO O L D I S T R I C T ( P . O. J a c k s o n ) .
A m a d o r C o u n t y , C al .— B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d , it is
s t a t e d , u n t i l 2 p . m . M a y 6 b y t h e S u p e r v is o r s f o r t h e $ 2 5 ,0 0 0 5 % h ig h s c h o o l- b ld g . b o n d s v o t e d M a rc h 16 (V . 9 4 , p . 9 9 9 ) . D e n o m . $ 5 0 0 .
J A S P E R C O U N T Y ( P . O. P a u l d i n g ) , M is s .— B o n d s P ro p o sed . — W e a r c
a d v is e d t h a t t h e is s u a n c e o f $ 2 5 ,0 0 0 r o a d b o n d s f o r D i s t . N o . 5 is b e in g
c o n s id e r e d b y t h i s c o u n t y .
J E F F E R S O N C O U N T Y ( P . O. S te u b e n v il l e ) . O h i o — B o n d S a le .— O n
A p r i l 9 tlie $ 1 5 ,0 0 0 4 y ,% c o u p , t u r n p i k e b o n d s (V . 9 4 , p . 9 3 1 ) w e r e a w a r d e d
t o t h e M in e r s ’ & M e r c h a n t s ’ E x c h . B a n k o f S m it h f l e ld a t 1 0 6 .2 1 4 . A b id
o f $ 1 5 ,3 5 0 w a s a ls o r e c e iv e d f r o m t h e S m it h f l e ld N a t . B a n k o f S m it h f l e ld .
J O H N S T O W N , W e ld C o u n t y , Co lo .— B o n d E lection P ro p o sed .— D e n v e r
p a p e r s s t a t e t h a t t h i s t o w n w ill v o t e o n t h e I s s u a n c e o f b o n d s t o e r e c t a
$ 2 0 ,0 0 0 w a t e r s y s t e m .
J O N E S C O U N T Y (P . O . E l l i s v i l l c ) . M is s .-— B o n d s P ro p o sed . — T h i s c o u n t y
a c c o r d i n g to r e p o r t s , p r o p o s e s t o is s u e $ 1 0 ,0 0 0 5 % a g r i c u l t u r a l h l g h -s c h o o l
bonds.
J O R D A N , S c o tt C o u n t y , M i n n . — B o n d S a le . — O n A p r il 6 t h e $ 7 ,0 0 0 3 -1 6 y e a r ( s e r .) w a t e r - w o r k s b o n d s (V . 9 4 , p . 9 9 9 ) w 'ere a w a r d e d t o t h e P e o p l e ’s
S t a t e B a n k o f J o r d a n f o r $ 7 ,1 9 3 7 0 , m a k i n g t h e p r ic e 1 0 2 .7 6 7 .
K E L L E R I N D E P E N D E N T SC HO O L D I S T R I C T ( P . O. K e l l e r ) , T a r r a n t
C o u n t y , T e x a s . — B o n d S a le . — O n A p r i l 10 t h e 5 8 ,0 0 0 5 % 1 0 - 4 0 - y e a r ( o p t.)
b o n d s r e g is te r e d b y t h e S t a te C o m p tr o lle r o n F e b . 27 (V . 9 4 , p . 721) w ere
p u rch a se d b y th e S ta te P e rm a n e n t S chool F u n d a t p a r a n d in te r e s t.
K E N N E D Y H E I G H T S V I L L A G E S CH O O L D I S T R I C T ( P . O. K e n n e d y
H e i g h t s ) , H a m i l t o n C o u n t y . O h io . — B o n d s D efeated. — T h e e le c t io n h e ld
A p r i l 10 r e s u l t e d in t h e d e f e a t o f t h e p r o p o s i t i o n t o is s u e t h e $ 6 0 ,0 0 0 4 %
b l d g , b o n d s (V . 9 4 , p . 9 9 9 ) . T h e v o t e W'as 9 8 " f o r ” t o 117 “ a g a i n s t . ”
KLAA1ATH F A L L S , K l a m a t h C o u n t y , O r e . — B o n d S a le . — R e p o r t s s t a t e
t h a t t li e $ 3 0 ,0 0 0 2 0 - y c a r c i t y - h a l l , $ 8 ,0 0 0 1 0 - y e a r fire a n d S 2 .5 0 0 2 0 - y c a r
g a r b a g e - p l a n t 6 % b o n d s o ffe re d o n A p r il 1 (V . 9 4 , p . 8 6 5 ) , h a v e b e e n
a w a r d e d t o W e ll, R o t h & C o ., o f C h ic a g o .
K O S C I U S K O . A t t a l a C o u n t y , M is s . — B o n d O ffe r in g — P r o p o s a l s w ill b e
r e c e i v e d u n t i l 12 m . M a y 7 b y W . N . N o a h , M a y o r , J . H . H o l l in g s w o r t h ,
C le rk , a n d J . W . R i m m e r . A l d e r m a n , f o r $ 3 0 ,0 0 0 5 % c o u p o n s id e w a l k a n d
s tr e e t- lm p t. b o n d s .
A u t h . v o t e o f 157 t o 29 a t a n e le c t io n h e ld A p r . 1.
I n t. s e m i-a n n .
D u e J u l y 1 1 9 3 2 . C e r t, c h e c k f o r 2 % o f b o n d s b id f o r re
q u ire d .
B o n d e d d e b t . $ 2 5 ,0 0 0 . A s s e s s e d v a l u a t i o n , $ 1 ,3 5 0 ,0 0 0 .
■ K U N K L E S P E C I A L S CHO OL D I S T R I C T ( P . O. K u n k l e ) , W i ll i a m s
C o u n t y , O h i o . — B o n d S a le .— O n A p r il 8 t h e $ 2 ,5 0 0 4 y2"„ 6 t o 1 0 - y e a r
( s e r .) b u i ld i n g b o n d s (V . 9 4 , p . 9 9 9 ) w 'e re a w a r d e d , i t is s t a t e d , t o t h e F i r s t
N a t . B a n k a t G a r r e t t s v i l l e a t 1 0 1 .0 5 2 — a b a s is o f a b o u t 4 . 3 4 % .
LA CLED E COUNTY
( P . O . L e b a n o n ) . M o .— B o n d E lectio n .— A n
e le c t io n w ill b e h e ld A p r il 27 In R o a d P r e c i n c t N o . 1, r e p o r t s s t a t e , t o d e
c id e w h e t h e r o r n o t $ 5 0 ,0 0 0 r o a d b o n d s s h a ll b e i s s u e d .
LA G R A N G E , F a y e t t e C o u n t y , T e x a s . — B o n d s V o ted . — A n e le c t io n h e ld
A p r i l 2 r e s u l t e d in f a v o r o f t h e p r o p o s i t io n t o is s u e $ 1 7 ,0 0 0 5 % 1 0 - 4 0 -y e a r
( o p t.) s e w e r a g e - s y s t e m b o n d s . T h e v o t e w a s 102 t o 7 3 .
W e a r e a d v is e d
t h a t t h e s e s e c u r i ti e s w ill b e I s s u e d s o m e t i m e a f t e r M a y 1.
L A K E W O O D , C u y a h o g a C o u n t y , Oh io .— B o n d S a le . — O n A p r il 15 t h e
fo llo w in g b i d s w e re r e c e iv e d f o r t h e tw o is s u e s o f 5 % 6 - y e a r ( a v e r a g e ) a s s e s s
m e n t b o n d s a g g r e g a t in g $ 3 1 ,7 3 6 (V . 9 4 , p . 8 6 5 ) :
$ 1 6 ,2 5 0
$ 1 5 ,4 8 6
S c a s o n g o o d & M a y e r , C i n c i n n a t i ...................................... * $ 1 6 ,9 0 5 0 0 * $ 1 6 ,1 1 1 00
W e ll, R o t h & C o ., C i n c i n n a t i . . .
1 6 ,9 0 2 0 0
1 6 ,0 6 9 00
O tis & H o u g h , C le v e la n d
.
1 6 ,9 0 0 0 0
1 6 ,1 0 6 00
1 6 ,8 8 5 0 0
1 6 ,0 9 6 00
H a y d e n , M ille r & C o .. C l e v e la n d ________
T i ll o ts o n & W o lc o t t C o ., C l e v e l a n d __________________ 1 6 ,8 6 4 2 5
1 6 ,0 7 1 37
B r e e d & H a r r i s o n , C i n c i n n a t i ________________ ______ - 1 6 ,8 6 0 0 0
1 6 ,0 6 7 00
S t a c y A B r a u n , T o l e d o _____ _______________
1 6 ,8 4 0 4 0
1 6 ,0 3 9 50
N e w F i r s t N a t i o n a l B a n k , C o l u m b u s _______________ 1 6 ,7 6 3 0 0
1 5 ,9 5 3 00
* S u c c e s s f u l b id s .
LAMBERT, Quitman County, /Miss.— B o n d O ffe rin g . — P r o p o s a l s w ill b e
r e c e iv e d a t t h e r e g u l a r M a y m e e t in g o f t h e B o a r d o f M a y o r a n d A l d e r m e n
a t t h e M a y o r ’s o ffic e f o r $ 5 ,0 0 0 6 % 2 0 - y e a r b o n d s , to b u y , e r e c t a n d I n s ta ll a
w a te r- w o r k s -p la n t a n d se w e ra g e s y s te m .
D enom . $500.
I n te r e s t a n n u a l.
C e r tille d c h e c k f o r $ 5 0 0 r e q u i r e d .
S . I n g r a m Is T o w n C le r k .
LANCASTER SCHOOL DISTRICT (P. O. Lancaster), Garrard County,
Ky. — B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t i l M a y 1 ( to b e o p e n e d
a t 1 p . m . a t t h e G a r r a r d B a n k & T r u s t C o . B ld g .) f o r $ 2 9 ,0 0 0 5 % b l d g ,
b o n d s . A u t h o r i t y v o t e o f 2 5 6 t o 5 a t t h e e l e c t i o n h e ld A p r i l 6 (V . 9 4 , p .
9 9 9 ).
D e n o m . 5 1 ,0 0 0 .
I n t . a n n u a l l y o n A p r i l 1.
D u e 5 1 ,0 0 0 y e a r l y .
N o d e b t a t p re s e n t.
A s s e s s , v a l . , $ 1 ,5 0 0 ,0 0 0 . J a m e s B . K l n n a i r d ,
S e c re ta ry B o a rd of E d u c a tio n .
T he o ffic ia l notice o f th is bond o fferin g w ill be fo u n d a m o n g the advertise
m en ts elsewhere in th is D ep a rtm en t.
LAUDERDALE COUNTY (P. O. Florence), Ala.— B o n d E lectio n .— T h e
e le c t io n a t w h ic h t h e v o t e r s w ill d e c id e w h e t h e r o r n o t t h e C o u n t y C o m m is
s io n e r s s h a ll is s u e t h e $ 1 5 0 ,0 0 0 p i k e r o a d b o n d s ( V . 9 3 . p . 3 6 2 ) w ill b e h e ld ,
i t Is s t a t e d , o n M a y 5 .
I n t. r a t e n o t to e x c e e d 5 % In t.
D u e In 2 0 y e a r s .
LAWRENCE, Essex County. M ass .— T e m p o ra ry L o a n .— O n A p r il 15
a lo a n o f $ 1 0 0 ,0 0 0 , d u e N o v . 2 0 1 9 1 2 , w a s n e g o t i a t e d w i t h t h e O ld C o lo n y
T r u s t C o . in B o s t o n a t 3 .9 7 % d i s c o u n t , r e p o r t s s t a t e .
LEBANON SCHOOL DISTRICT (P. O. Lebanon). Laclede C o u n ty ,,Mo.—
B o n d S a le . — O n A p r il 10 t h e $ 2 0 ,0 0 0 4 H % 5 - 2 0 - y r . ( o p t.) h lg h - s c h o o l- b ld g .
b o n d s v o t e d M a rc h 15 (V . 9 4 , p . 8 6 5 ) w e re .a w a rd e d t o F r a n c i s B r o . & C o.
o f S t . L o u is a t p a r a n d i n t .
D a te J u ly 1 1912.
I n t.J .& J .
LEE COUNTY (P. O. Sanford), No. Car.— B o n d S a le . — O n A p r il 16 t h e
$ 1 0 0 ,0 0 0 5 % 4 0 - y e a r c o u p o n r o a d - i m p t . b o n d s (V . 9 4 , p . 1076) w e re
a w a r d e d t o M c C o y & C o . o f C h ic a g o a t 1 0 4 .4 2 5 a n d i n t . — a b a s is o f a b o u t
4 .7 5 3 % .
S e v e n te e n b i d s w e r e r e c e i v e d , r a n g i n g f r o m 1 0 1 .2 0 to 1 0 4 .4 2 5 .
LENOX SCHOOL DISTRICT (P. O. Lenox), Taylor County. Iowa.—
B o n d S a le . — G e o . M . B e c h t e l & C o . o f D a v e n p o r t w e r e a w a r d e d $ 3 0 ,0 0 0
sc h o o l b u ild in g b o n d s .
THE CHRONICLE
1134
LE ROY. Oencsec C o u n t y , N. Y.— B o n d E le c tio n . — A v o t e w ill b e t a k e n
o n A p r i l 2 9 , i t is s t a t e d , o n t h e q u e s t i o n o f I s s u in g $ 1 5 ,0 0 0 v i ll a g e - b u i ld i n g
bonds.
D e n o m . § 1 ,0 0 0 .
D u e § 1 ,0 0 0 y r l y . f o r 15 y e a r s , b e g in n i n g 2
y e a rs fro m d a te .
LIBERTY TOW NSHIP. V a n W ert C o u n t y , O h io .— B o n d S a f e .— O n
A p r i l 13 t h e § 6 ,0 0 0 4 A % 1 5 M - y r . c o u p . L i b e r t y R o a d D i s t r i c t b o n d s
(V . 9 4 , p . 8 6 5 ) w e r e a w a r d e d to t h e C i ti z e n s ’ N a t . B a n k o f W o o s te r f o r
1 6 ,2 4 2 2 0 ( 1 0 4 .0 3 6 ) — I n t . a n d b l a n k b o n d s .
O t h e r b id s f o llo w :
H a y d e n , M ille r & C o ., C I c v . - . § 6 , 2 4 0 I S t a c y & B r a u n , T o l ______ § 6 ,1 0 6 2 0
.S e a s o n g o o d & M a y e r , C i n ____ 6 , 1 2 6 1W e il, R o t i i & C o ., C i n --------- 6 ,0 9 2 0 0
LIMA SCHOOL DISTRICT (P. O. Lima), Allen County, Ohio.— B o n d
E lectio n . — R e p o r t s s t a t e t h a t a p r o p o s i t i o n t o is s u e § 7 5 ,0 0 0 h ig h - s c h o o lb l d g . b o n d s w ill b e s u b m i t t e d t o t h e e l e c t o r s o n M a y 2 1 .
LISBON, Columbiana County, Ohio.— B o n d S a le . — O n A p r i l 13 t h e
$ 1 0 ,0 0 0 4 % 5 - 1 4 -y r . (se r.) c o u p , w a t e r - w o r k s - i m p t . b o n d s (V . 9 1 , p . 8 6 5 )
w e r e a w a r d e d t o t h e F i r e s t o n e B a n k of L i s b o n a t 1 0 0 .0 7 6 5 a n d I n t .
B id s
w e r e r e c e i v e d f r o m t h e P e o p l e ’s S t a t e B a n k C o . o f L i s b o n a n d O t i s & H o u g h
o f C l e v e la n d a t p a r a n d i n t e r e s t .
L O N G BEACH SCHOOL DISTRICT (P. O. L o n g Beach), L o s A n g e le s ,
County, Cal.— B o n d O ffering. — P r o p o s a l s w ill b e r e c e i v e d u n t i l 2 p . m .
M a y 6, It is s t a t e d , b y t h e S u p e r v is o r s , f o r § 1 0 0 ,0 0 0 4 A % b o n d s . D e n o m .
§ 1 ,0 0 0 .
LORIMER SCHOOL DISTRICT (P. O. Loriiner). Union County. Iowa —
B o n d s Voted. — A f a v o r a b le v o t e w a s c a s t r e c e n t l y , i t is s t a t e d , o n a p r o
p o s it io n to is s u e $ 2 0 ,0 0 0 h i g h - s c h o o l- b l d g b o n d s , t h e v o t e b e in g 109 to 7 .
LOWELL. Middlesex C o u n t y , M a s s . — B o n d O ffe rin g .— P r o p o s a l s w ill b e
r e c e i v e d u n t i l 10 a . m . A p r i l 2 3 b y A . G . S t i l e s , C i ty T r e a s u r e r , f o r § 5 0 ,0 0 0
4% co u p o n sew er b o n d s.
D e n o m . $ 1 ,0 0 0 .
D a te A p ril 1 1 9 12.
I n t. A . &
O . a t th e F ir s t N a t. B a n k o f B o s to n .
D u e $ 5 ,0 0 0 y e a r l y A p r i l t f r o m 19 1 3
to 1 9 22, in c l.
B o n d s a r e e x e m p t f r o m t a x a t i o n in M a s s a c h u s e tt s a n d w ill b e
d e l i v e r e d n o t l a t e r t h a n A p r il 2 4 . T h e b o n d s w ill b e c e r t if i e d a s t o g e n u i n e
n e s s b y th e F ir s t N a tio n a l B a n k o f B o s to n , a n d t h e ir le g a lity a p p ro v e d b y
S t o r e y , T h o r n d i k e , P a l m e r & D o d g e , w h o s e o p i n i o n w ill b e f u r n i s h e d t h e
p u rch aser.
LUBBOCK COUNTY COMMON SCHOOL DISTRICT NO. 2, T exas.—
B o n d S a le . — O n A p r i l 10 t h e S t a t e P e r m a n e n t S c h o o l b u n d p u r c h a s e d a t
par a n d i n t . a n is s u e o f § 1 ,4 0 0 5 % 5 - 4 0 - y e a r ( o p t ) b o n d s .
T h e S ta te
C o m p t r o l l e r r e g i s t e r e d t h e s e b o n d s o n A p r i l 13
LUCAS COUNTY (P. O. T o l e d o ) , O h io .— B o n d O ffe rin g — P r o p o s a l s w ill
b e r e c e i v e d u n t i l 10 a . m . M a y 3 b y C . J . S a n z c n b a c h e r , C o u n t y A u d i t o r ,
f o r $ 8 3 ,7 2 0 93 5 % r o a d - i m p t . b o n d s .
A u th . S ec. 7433.
G en. C ode.
D e n o m . (82) § 1 ,0 0 0 a n d (1) § 1 ,7 2 0 9 3 .
D a t e M a y 14 1 9 1 2 .
I n t. M . & N .
a t t h e C o u n t y T r e a s . o f fic e .
D u e in o n e y e a r a n d s ix m o n t h s .
B o n d s to
b e d e li v e r e d M a y 14 1 9 1 2 . A d e p o s i t in c a s h o r c e r t if i e d c h e c k o n a b a n k
i n T o le d o f o r § 1 ,0 0 0 r e q u i r e d .
P u rc h a s e r to p a y a c c ru e d in te r e s t.
McALESTER. Pittsburgh County. Okla.— B o n d S a le .— O n M a r c h 2 8 t h e
$ 5 0 ,0 0 0 5 % 2 5 - y e a r w a t e r - w o r k s - s u p p l y a n d e x t e n s i o n b o n d s (V . 9 4 , p .
86 6 ) w e r e a w a r d e d to G . I . G i l b e r t o f O k l a . C i ty a t 1 0 0 .3 5 a n d i n t . — a
b a s is o f a b o u t 4 . 9 7 5 % .
M A C O N , G a .— B o n d S a le . — O n A p r i l 8 t h e § 5 0 ,0 0 0 4 A % 2 5 'A -y r . ( a v e r .)
c o u p , w a t e r - w o r k s b o n d s (V . 9 4 , p . 8 6 6 ) w e re a w a r d e d , i t is s t a t e d , t o
W . G . S a l o m o n & C o . o f M a c o n a t 1 0 3 .0 8 5 — a b a s is o f a b o u t 4 . 3 0 % .
MANATEE COUNTY (P. O. Bradcntown). Ela.— B o n d s O ffered by
B a n k e r s . — P a r s o n , S o n & C o . o f N . Y . a n d C h ic , a r e o f f e r in g t o i n v e s t o r s
§ 4 5 ,0 0 0 5 % f u n d i n g b o n d s .
D enom . §500.
D a te J a n . 1 1912.
I n t.J .& J .
a t t h e N a t . P a r k B a n k in N . Y .
D u e § 5 ,0 0 0 y e a r l y J a n . 1 19 1 8 t o 1 9 2 6 in c l.
MANHATTAN, Riley County. K ans.— B o n d S a f e .— T h i s c i t y h a s , i t is
s t a t e d , s o ld $ 8 ,3 5 0 s e w e r b o n d s , § 4 ,1 7 5 t o t h e s i n k i n g f u n d a n d t h e b a l a n c e
t o a M a n h a tta n in d iv id u a l.
A1A RICO PA COUNTY SCHOOL DISTRICT NO. 4 (P. O. M esa). Ariz.—
B o n d s Voted. — -A n e le c t io n h e ld A p r il 6 r e s u l t e d in f a v o r o f t h e q u e s t i o n
o f is s u in g $ 6 ,0 0 0 7 % b o n d s .
MARTIN COUNTY (P. O. F a i r m o n t ) , Minn.— B o n d O ffe rin g .— P r o p o s a l s
w ill b e r e c e i v e d u n t i l 1 p . m . A p r il 3 0 b y I I . P . E d w a r d s , C o . A u d . , f o r
§ 1 2 5 ,0 0 0 1 0 ? ; - y c a r ( a v .) d r a i n a g e b o n d s .
I n t . ( r a t e n o t to e x c e e d 5 % )
se m i-a n n .
P u r c h a s e r to f u r n i s h b l a n k b o n d s .
C e r tif ie d c h e c k f o r $ 3 ,0 0 0 ,
p a y a b le to th e C h a irm a n C o u n ty B o a r d , r e q u ir e d .
MASON CITY, Mason County, III.— B o n d s V oted.— T h e e le c t io n h e ld
A p r i l 16 r e s u l t e d in f a v o r o f t h e p r o p o s i t i o n t o is s u e § 1 ,0 0 0 5 % 1 - 2 - y r . ( se r.)
b o n d s to i n s t a ll a b o i le r (V . 9 4 , p . 1 0 0 0 ). T h e b o n d s w ill b e s o ld , i t is
e x p e c t e d , t o lo c a l p a r t i e s .
MERIDIAN SCHOOL DISTRICT NO. 33 (P. O. Meridian), Ada County,
Idaho — B o n d E lection P roposed. — A n e le c t io n w ill b e h e ld , r e p o r t s s t a t e ,
t o v o t e o n a p r o p o s i t i o n to is s u e $ 3 0 ,0 0 0 b u i ld i n g b o n d s . T h e s e b o n d s w e r e
s u b m i t t e d to t h e v o t e r s o n F e b . 28 (V . 9 4 , p . 5 7 7 ) a n d w e r e d e f e a t e d b y
12 v o t e s .
MERTENS INDEPENDENT SCHOOL DISTRICT (P. O. Alertens), Hill
County T exas. — B o n d s V oted.— B y a v o t e o f 63 t o 2 , tile q u e s t i o n o f is s u in g
§ 1 2 ,5 0 0 * b u i l d i n g b o n d s c a r r ie d a t a r e c e n t e le c t io n , i t is s t a t e d .
COUNTY (P. O. T roy), Ohio.— B o n d O ffe rin g .— P r o p o s a l s w ill b e
r e c e i v e d u n t i l 10 a . m . M a y 6 b y M . T . S t a l e y , C o u n t y A u d i t o r , f o r $ 2 5 ,0 0 0
c o u n t y ’s p o r t i o n , § 9 ,0 0 0 t o w n s h i p ’s p o r t i o n a n d § 6 ,0 0 0 a s s e s s m e n t 5 %
T r o y a n d P iq u a p ik e - im p t. b o n d s . A u t h . S e c . 1178 to 1 2 3 1 , G e n . C o d e .
D e n o m .: 10 b o n d s o f § 2 ,5 0 0 , § 9 0 0 a n d § 6 0 0 e a c h .
D a t e A p r i l 10 1 9 1 2 .
I n t . A . & O . a t t h e T r e a s u r e r ’s o f fic e .
D u e o n e b o n d o f e a c h s e rie s y e a rly
A p r i l 10 1913 t o 1 9 2 2 , in c l. C e r t , c h e c k o n a b a n k in M ia m i C o u n t y f o r
2 % o f b i d , p a y a b l e to t h e A u d i t o r , Is r e q u i r e d .
M ILW AUKEE, W is. — V ote. — A c c o r d in g to M ilw a u k e e p a p e r s , t h e
o f fic ia l v o t e c a s t o n A p r i l 2 in f a v o r o f t h e 5 b o n d Is s u e s (V . 9 1, p . 1000)
w a s a s fo llo w s :
§ 490,000 s c h o o l b o n d s — V o te , 1 6 ,6 5 1 t o 8 ,1 3 7 .
265.000 s e w e r b o n d s — V o t e , 1 6 ,5 5 4 to 7 ,8 5 3 .
1 1 0 .0 0 0 h a r b o r b o n d s — V o te , 1 6 ,6 7 5 t o 8 ,0 1 0 .
3 0 .0 0 0 l i b r a r y b o n d s — V o te , 1 3 ,3 3 7 t o 9 ,0 1 3 .
8 8 .0 0 0 s p e c i a l t a x b o n d s — V o te 1 3 ,3 6 8 t o 9 , 9 7 7 .,
lc MIAMI
MONROE COUNTY (P. O. C l a r e n d o n ) , Ark.— B o n d s O ffered by B a n k e r s.
— F a r s o n , S o n & C o . o f N . Y . a n d C h ic , a r c o i f e r in g t o i n v e s t o r s § 1 7 ,0 0 0
6% c o u rt-h o u se b o n d s .
D enom . $500.
D a t e O c t . 17 1 9 1 1 .
i n t . a n n . hi
J u l y a t t h e C o u n t y T r e a s . o f fic e o r F a r s o n , S o n & C o . o f N . Y . a n d C h ic a g o .
D u e f r o m J u l y 15 1 9 1 5 to J u l y 15 1 9 2 2 .
MONTPELIER, W ashington County, Y t . — B o n d S a le .— O n A p r i l 10 t h e
$ 1 0 0 ,0 0 0 4 % 10- 20 - y r . ( o p t.) c o u p . liig h -s c h o o l-b U lg . b o n d s ( V . 9 4 , p . 1000)
w e r e a w a r d e d , i t is s t a t e d , t o t h e C a p i to l S a v . B a n k , M o n tp e l ie r , a t 1 0 2 .0 8 .
MORROW COUNTY (P. O. Mt. Gilead), Ohio.— B o n d S a le .— O n A p r il 12
t h e $ 4 ,4 8 0 4 A % c o u p . C a r d ln g t o n F r e e T u r n p i k e N o . 1 r e f u n d i n g b o n d
(V 94 p . 93 2 ) w e r e a w a r d e d to t h e N a t . B a n k o f M o rr o w C o u n t y in M t.
G ile a d f o r $ 4 ,5 5 5 25 ( 1 0 1 .6 7 9 ) a n d i n t . A b id o f $ 4 ,5 5 1 w a s a ls o r e c e i v e d
f r o m t h e M t . G ile a d N a t . B a n k in M t. G ile a d .
MT. VERNON SPECIAL ROAD DISTRICT (P. O. Alt. Vernon). Law
rence C o u n t y A lo .— B o n d s V oted. — A n e le c t io n h e ld M a rc h 2 5 r e s u l t e d in
f a v o r o f t h e p r o p o s i t io n to Is s u e § 5 0 ,0 0 0 r o a d b o n d s a t n o t e x c e e d i n g 6 %
in te r e s t. T h e v o te w a s 543 to 173.
AlUSKOGEE, A lu s k o g e c C o u n t y , Okla.— B o n d s V oted.— R e p o r t s s t a t e
t h a t t h e e le c t io n h e ld A p r il 16 r e s u l t e d i n f a v o r o f t h e p r o p o s i t io n t o is s u e
t h e $ 1 3 0 ,0 0 0 h i g h - s c h o o l- b l d g .- im p t. b o n d s . (V . 9 4 , p . 1 0 7 7 .)
NAPERVILLE, Dupage County, III.— B o n d s D efeated. — A n e le c t io n h e ld
A p r i l 17 r e s u l t e d in t h e d e f e a t o f t h e p r o p o s i t i o n t o is s u e § 7 ,0 0 0 e le c t r i c l ig h t b o n d s .
NEW GUILFORD SPECIAL SCHOOL DISTRICT (P. O. New Guilford),
Stark County. Ohio.— B o n d S a le . — O n A p r il 10 t h e $ 3 ,2 5 0 4 M % c o u p , t a x free b ld g b o n d s (V . 9 4 , p . 1000) w e r e a w a r d e d t o t h e P e o p l e ’s B a n k i n g Co.
a t p a r a n d in t.
[V O L . L X X X X I V .
s o ld o n M a r c h 4 a t p a r (V . 9 4 , p . 7 8 1 ) w a s t h e M id l a n d N a t i o n a l B a n k
o f N e w to n .
NEW WATERFORD, Columbiana C ounty, Ohio.— B o n d s D efea ted .—
T h e e le c t io n h e ld A p r il 6 r e s u l t e d , i t is r e p o r t e d , in t h e d e f e a t o f t h e q u e s t i o n
o f is s u in g § 1 0 ,0 0 0 s t r e e t - i m p r o v e m e n t b o n d s .
N E W Y O R K C I T Y . — O fferin g o f C orporate S to c k . — C i t y C o m p t r o l l e r
P r e n d e r g a s t h a s a n n o u n c e d t h a t h o w ill r e c e i v e b i d s u n t i l 2 p . m . M a y 7
f o r $ 6 5 ,0 0 0 ,0 0 0 4 M % 5 0 - y e a r c o r p o r a t e s t o c k , d i v i d e d I n to t h e f o llo w in g
c la s s e s : $ 2 5 ,0 0 0 ,0 0 0 f o r v a r i o u s m u n ic i p a l p u r p o s e s , $ 2 0 ,0 0 0 ,0 0 0 f o r
w a t e r a n d § 2 0 ,0 0 0 ,0 0 0 f o r r a p i d t r a n s i t .
NORTHA A1 PTO N T O W N S H I P (P . O. Alt. H o ll y ) , B u r l i n g t o n C o u n t y ,
N. J . — B o n d S a le . — O n A p r il 16 t h e § 2 5 ,0 0 0 4 A % 3 - 2 7 - y c a r ( s e r ia l) c o u p o n
t a x - f r e e r o a d b o n d s (V . 9 4 , p . 72 2 ) w e r e a w a r d e d t o t h e F a r m e r s ’ T r u s t C o .
o f M t. H o lly f o r § 2 5 ,1 0 1 09 ( 1 0 0 .4 0 4 ) a n d i n t .
A b i d o f § 2 5 ,0 5 0 WcS a ls o
r e c e i v e d f r o m t h e M t. H o lly S a f e D e p o s i t & T r u s t C o . in M t. H o l l y .
N O R T H C H A R L E R O I S CH O O L D I S T R I C T ( P . O. C h a r l e r o i) . W a s h i n g
to n C o u n t y , P a — B o n d S a le . — L o c a l p a p e r s s t a t e t h a t a n is s u e o f $ 2 4 ,0 0 0
b u ild in g b o n d s w a s a w a r d e d
o f C l e v e la n d .
to
th e
W e ste rn
R e s e rv e
In v e s tm e n t
C o.
OAK AION T S CHO OL D I S T R I C T ( P . O. O a k m o n t ) , A l le g h e n y C o u n t y ,
P a . — B o n d S a le . — O n A p r il 16 t h e § 1 1 0 ,0 0 0 4 M % c o u p , b o n d s (V . 9 4 .
p . 1077) w e r e a w a r d e d t o E . I I . R o l li n s & S o n s o f N . Y . a t 1 0 1 .9 4 7 a n d
in t.
O t h e r b i d s f o llo w :
C . I I . V e n n e r & C o .. N e w Y o r k . 1 0 0 .1 6 ] H a r r i s , F o r b e s & C o ., N . Y . . 1 0 0 . I 2 6
O G L E T H O R P E C O U N T Y (P . O. L e x i n g t o n ) , G a .— B o n d E le c t io n .— I t Is
r e p o r t e d t h a t a t t h e A u g u s t p r i m a r y t h e q u e s t i o n o f is s u in g r o a d - c o n s t r .
a n d b r id g e - b ld g , b o n d s w ill b e s u b m i t t e d to a v o t e .
O L N E Y I N D E P E N D E N T SC HO O L D I S T R I C T ( P . O. O ln c y ) , Y o u n g
C o u n t y , T e x . — B o n d S a le . — -The S t a t e P e r m a n e n t S c h o o l I 'a n d p u r c h a s e d
o n A p r i l 10 § 1 2 ,5 0 0 5 % 2 0 - 4 0 - y r . ( o p t.) b o n d s a t p a r a n d i n t .
OAIAHA, N e b .— B o n d S a le . — O n A p r il 16 tire f o u r is s u e s o f -1 % % 2 0 - y e a r
c o u p o n r e n e w a l b o n d s a g g r e g a t i n g § 6 0 0 ,0 0 0 (V . 9 4 , p . 1 0 77) w e r e a w a r d e d ,
i t is s t a t e d , t o C . I I . V e n n e r & C o . o f N e w Y o r k .
O N T A R I O SC HO O L D I S T R I C T , Sa n B e r n a r d i n o C o u n t y , C a l . — B o n d
S a le . — A n is s u e o f § 1 0 0 ,0 0 0 b o n d s h a s b e e n s o ld , i t is s t a t e d , to t h e H a r r i s
T r u s t & S a v i n g s B a n k o f C h ic a g o .
O R O V I L L E G R A M M A R S CH O O L D I S T R I C T . B u t t e C o u n t y . C a l . —
B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t i l 11 a . m . M a y 10 b y tir e
C o u n t y C le rk ( P . O . O r o v ille ) f o r t h e § 4 5 ,0 0 0 5 % b l d g , b o n d s v o t e d M c h . 16
(V 9 4 p . 9 3 2 ) .
D e n o m . $ 1 ,0 0 0 .
D a te J u ly 1 1912.
In t. J . & J .
D ue
o n J u l y 1 a s f o llo w s : § 1 ,0 0 0 y r l y . f r o m 191 7 t o 1922 i n c l ., $ 2 ,0 0 0 y r l y . f r o m
1 9 2 3 t o 1941 in c l. a n d $ 1 ,0 0 0 In 1 0 4 2 .
B o n d s to b e p a id fo r o n J u ly 1 19 1 2 ,
C e r t , c h e c k f o r $ 5 0 0 , p a y a b le t o t h e C h a i r m a n B d . o f S u p e r v i s o r s , r e q u i r e d .
C . F . B e ld ln g is C le rk B d . o f S u p e r v is o r s .
O SL O. Alarshali C o u n t y , Alinn.— B o n d s V o ted . — B y a v o t e o f 70 t o 3.
t h e p r o p o s i t io n t o is s u e $ 9 ,0 0 0 6 % 5 - 1 0 - y r . ( o p t.) b r i d g e b o n d s c a n -le d a t
t h e e le c t io n h e ld M a rc h 2 5 .
VVc a r e a d v i s e d t h a t t h e d a t e o f t h e o f fe r in g
h a s n o t y e t b e e n d e te r m in e d .
O S S I N I N G . W e s t c h e s t e r C o u n t y , N . Y. — B o n d S a le . — O n A p r i l 16 t h e
$ 5 4 ,5 0 0 r e g i s te r e d 5 - y e a r s t r e e t - i m p t . b o n d s (V . 9 4 . p . 1 0 77) w e r e a w a r d e d
t o D o u g la s F e n w ic k & C o. o f N e w Y o r k a t 1 0 0 .0 9 a n d i n t . f o r 4 M s .
D enom .
(54) $ 1 ,0 0 0 a u d (1) $ 5 0 0 .
D a t e A p r il 1 1 9 1 2 .
I n t. A . & O . a t th e K n ic k e r
b o c k e r T r u s t C o . in N e w Y o r k .
O W E N S V I L L E . C l e r m o n t C o u n t y , O h io . — B o n d s
A u th o rize d . — A n
o r d in a n c e w a s p a s s e d o n A p r i l 5. it is r e p o r t e d , p r o v i d i n g f o r t h e I s s u a n c e
o f c e m e n t - s i d e w a lk b o n d s .
OXNARD,
V entura C o u n ty , Cal.— B onds
V o ted .— T h e el e c ti o n
held
A p r il 5 r e s u l t e d in f a v o r of t h e p r o p o s i t io n s t o is s u e t h e $ 3 0 ,0 0 0 s t r e c t - l i g h t i n g - s y s te m a n d $ 1 0 0 ,0 0 0 w a t c r - w o r k s - s y s t e m 5 % 1 0 - 1 0 - y r . b o n d s (V . 9 4 ,
p . 9 3 2 ) . T h e v o t e w a s 508 t o 111 o n t h e l ig h t b o n d s a n d 5 1 3 t o 1 2 0 o n t h e
w a te r q u e s tio n .
P A LAI BE A C H C O U N T Y (P . O. W e s t P a l m B e a c h ) , P l a . — D escrip tio n
o f B o n d s . — F a r s o n , S o u & C o . o f C h ic a g o o f fe r to i n v e s t o r s t h e $ 1 6 ,0 0 0 o %
s c h o o l b o n d s (V . 9 4 , p . 1 0 0 0 ).
D e n o m . § 1 ,0 0 0 .
D a t e d F e b . 12 1 0 1 2 .
I n t . A . & O . a t t h e C o u n t y T r e a s . o ffic e o r a t F a r s o n , S o n & C o . in N . Y .
o r C ld c .
D u e f r o m A p r i l 1 1014 t o A p r il t 1 9 2 1 . T h e s e b o n d s w e r e
a w a r d e d t o D u k e M . F a r s o n o f C h ic a g o , w h o l a t e r r e - s o ld t h e m t o b a
so n , S o n & Co.
,
P A R K E R C O U N T Y COMMON S CH O O L D I S T R I C T
NO. 83, T e x . —
B o n d S a le . — A n is s u e o f $ 3 ,3 0 0 5 % 1 0 - 2 0 -y r . ( o p t . ) b o n d s w a s p u r c h a s e d
o n A p r i l 10 b y t h e S t a t e P e r m a n e n t S c h o o l F u n d a t p a r a n d t u t .
P A R K E R S B U R G . W o o d C o u n t y . W . V a .— B o n d O ffe rin g .— P r o p o s a l s
w ill b e r e c e iv e d u n t i l 3 p . i n . M a y 9 , b y t h e C i t y C o m m i s s io n e r s , f o r t h e
§ 1 0 0 ,0 0 0 4 % 2 0 - v e a r c o u p , w a t e r - w o r k s b o n d s v o t e d A p r i l 2 (V . 9 4 , p . 1 0 0 0 ) .
D e n o m . $ 1 0 0 , $ 5 0 0 a n d § 1 ,0 0 0 .
D a te J u n e 1 1 9 1 2 .
I n t . a n n . in J u n o a t
P a rk ersb u rg .
P A S A D E N A , Lo s A n g el e s C o u n t y , C a l . —B o n d S a le .— O n A p r i l 15 t h e
§ 6 0 ,0 0 0 4 M % 1 - 1 5 -y r . ( s e r .) g o ld c o u p , g a r b a g e - i n c i n c r a t i o n - p l a n t b o n d s
(V . 9 4 , p . 1 0 01) w e r e a w a r d e d t o t h e S e c u r i t y N a t . B a n k o f P a s a d e n a f o r
§ 6 0 .5 0 0 . m a k i n g t h e p r ic e 1 0 0 .8 3 3 — a b a s is o f a b o u t 4 . 3 7 6 % .
P A S S A I C , P a s s a i c C o u n t y . N. A .— B o n d O ffe rin g .— P r o p o s a l s w ill b e
r e c e iv e d u n t i l 3 p m . A p r il 29 f o r $ 3 8 ,0 0 0 f u n d i n g , § 3 3 ,0 0 0 lir e - h o u s e a n d
§ 2 6 000 f ir e - a l a r m a n d p o lic e - t e le g r a p h 4
3 0 - y r .g o ld c o u p , ( w i th p r iv i le g e
of reg ) b o n d s .
D e n o m . § 1 ,0 0 0 .
D a te A p ril 1 1912.
I n t. A . & O . a t th e
H o b a r t T r u s t C o . in P a s s a i c o r t h e C h a t h a m & P h e n l x N a t . B a n k in N . Y
B o n d s a r e t a x - e x e m p t In M a s s . C e r t, c h e c k f o r 5 % o f i s s u e is r e q u i r e d
B o n d s w ill b e c e r t if i e d a s t o g e n u in e n e s s b y t h e C o l u m b i a T r u s t C o . in N . Y .
a n d l e g a l i t y a p p r o v e d b y H a w k in s . D e la fte ld & L o n g f e llo w o f N . Y . , w h o s e
o p i n io n w ill b e f u r n i s h e d t o t h e p u r c h a s e r w i t h o u t c h a r g e .
O f f ic ia l c i r c u l a r
s t a t e s t h a t t h e r e h a s n e v e r b e e n a n y d e f a u l t in t h e p a y m e n t o f a n y o f t h e
m u n i c i p a l i t y ’s o b l i g a t i o n s , n o r Is a n y c o n t r o v e r s y o r l i t i g a t 'o n p e n d in g o r
th r e a te n e d c o n c e rn in g th e v a lid ity o f th e s e b o n d s , th e c o rp o r a te e x is te n c e
o r b o u n d a r i e s o f t h e m u n i c i p a l i t y o r t h e t i t l e o f t h e p r e s e n t o f fic e r s t o t h e i r
r e s p e c ti v e o f f ic e s . T . R . W a ts o n is C i t y C le r k .
P A T E R S O N , P a s s a i c C o u n t y , N. A .— B o n d S a le .— T h i s c i t y h a s d i s p o s e d
o f $ 8 5 ,0 0 0 g a r b a g e - d e s t r u c t o r a n d § 4 0 ,0 0 0 s e w e r 4 A % b o n d s .
I n t . M . & t>.
D u e M a rc h 1032 a n d M a r c h 1 0 22, r e s p e c t i v e l y .
PEKIN SCHOOL DISTRICT (P. O. P e k in ),, Tazewell County III.—
B o n d E lection P ro p o sed . — L o c a l p a p e r s s t a t e t h a t a p r e p o s i t i o n t o is s u e
§ 1 0 5 ,0 0 0 b u l td l u g b o n d s w ill b e s u b m i t t e d t o a v o t e o f t h e p e o p le .
P P T O S K F Y SCHO O I D IST R IC T (P. O. P eto s k cy ), E m m et County,
M i c ^ — B o n d * V o te d .— A v o t e o f 4 7 2 t o 2 3 2 w a s p o lle d r e c e n t l y , i t is s t a t e d .
In f a v o r o f t h e q u e s t i o n o f i s s u i n g § 80,000 h l g h - s c h o o l- b u l ld t n g b o n d s .
PICKAWAY
COUNTY
(P. O. Clrclcvlllc), Ohio.— B o n d S a le .— On
A p r il 15 $ 1 7 ,5 0 0 4 A % b r id g e b o n d s w e re a w a r d e d , i t is s t a t e d , t o W e ll,
R o t h & C o . o f C in . f o r § 1 8 ,0 8 0 8 5 , m a k i n g t h e p r ic e 1 0 3 .3 2 .
P I F D R A SCHOO I D I S T R I C T . F r e s n o C o u n t y , C al .— B o n d s V o ted .—
A n e le c t io n h e ld A p r i l 5 r e s u l t e d in f a v o r o f t h e p r o p o s i t io n t o I s s u e $ 2 ,0 2 0 50
6 % 1 -8 -y r. b ld g , b o n d s .
P I E R C E F I E L D . S t. L a w r e n c e C o u n t y , N. Y .— B o n d S a le .— O n A p r i l 15
t h e S 13 000 1 M % 6 M - v r . ( a v .) c o u p , t a x - f r e e h i g h w a y b o n d s (V . 9 4 , p . 369)
w e re a w a r d e d t o t h e ' T u p p e r L a k e N a t . B a n k in T u p p e r L a k e a t p a r .
A
b id o f p a r le s s $ 1 7 8 w a s a ls o r e c e i v e d f r o m D o u g la s F e n w i c k & C o . o f N . Y .
PITTSBURGH P a . — b o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t il
3 p m A p r il 3 0 b y t h e M a y o r a n d E . S . M o rr o w , C ity C o n t r o ll e r , f o r t h e
f o llo w in g 4 H % b o n d s , a g g r e g a t i n g $ 1 ,8 7 1 ,0 0 0 :
$ 1 3 5 0 0 0 H a i g h ts R u n b r id g e b o n d s .
H u e $ 4 ,5 0 0 y e a r l y o n D e c . 1.
6 0 0 ,0 0 0 w a t e r b o n d s , ’’S e r ie s F .
D u e $ 2 0 ,0 0 0 y e a r l y o n D e c . 1.
60 000 S o h o R u n s e w e r b o n d s .
D u e $ 2 ,0 0 0 y e a r l y o n D e c . 1.
4 5 0 * 0 0 0 B lo o m f ie ld B r id g e b o n d s .
D u e § 1 5 ,0 0 0 y e a r l y o n D e c . I
ml.
.i.i,v l Qt oPtVfT IUHHK
H im 1 (11)11 tm a fltr
HOP
N o o th e r b id s w e re re c e iv e d .
NEWPORT, Newport C o u n t y , R. I. — B o n d O fferin g . — P r o p o s a l s w ill b e
r e c e i v e d u n t i l 5 p . m . A p r il 2 5 b y t h e B o a r d o f A l d e r m e n f o r t h e $ 3 0 ,0 0 0 4 %
g o ld c o u p . E a s t o n B e a c h I m p t . lo a ti b o n d s (V . 9 4 , p . 7 8 1 ) .
D e n o m . $ 1 ,0 0 0 .
D a te M a y 1 1912.
I n t . M . & N . a t t h e C i ty T r e a s . o f fic e .
D u e § 3 ,0 0 0
y e a r l y M a y 1 1013 to 1922 in c l .
B o n d s w ill b e c e r t if i e d a s t o g e n u in e n e s s
b y t h e F i r s t N a t . B a n k o f B o s t o n a n d t h e i r l e g a l it y a p p r o v e d b y R o p e s ,
G r a y & G o r h a m o f B o s t o n , w h o s e o p i n io n w ill b e f u r n i s h e d to t h e p u r c h a s e r .
B o n d s w ill b e d e li v e r e d to t h e p u r c h a s e r M a y 1 a t t h e F i r s t N a t . B a n k .
J o h n M . T a y l o r Is C l t y j T r e a s u r e r .
, J
NEWTON SCHOOL DISTRICT (P. O. Newton) .’ Harvey County, Kan,
__ P u rch a ser o f B o n d s .— A c c o r d in g t o lo c a l p a p e r s , t h e p u r c h a s e r o f t h e
§ 7 3 0 0 0 b u i l d i n g a n d § 1 2 ,0 0 0 s i t e - p u r c h a s e A A % 1 0 - 2 0 -y e a r ( o p t.) b o n d s
180,
3 3 * 0 0 0 b r id g e b o n d s ! " S e r ie s B . "
D u e $3*.666 y e a r l y o n M a r c h 1.
T h e f ir s t s e v e n i s s u e s a r e is s u e d w i t h t h e c o n s e n t o f t h e e le c t o r s .
Bonus
w ill b e c o u p o n o r r e g i s t e r e d .
D e n o m . o f c o u p b o n d s $ 1,000 a n d $ 1 0 0 ;
r e g i s te r e d b o n d s , t o s u i t p u r c h a s e r .
I n t . s e m i - a n n u a l l y a t t h e C i ty I r e a s .
o ffic e
B o n d s a r e t a x - e x e m p t in P e n n s y l v a n i a .
B id s m u s t b e m a d e o n
b l a n k f o r m s f u r n i s h e d b y t h e C i ty C o m p tr o l le r .
C e r tif ie d c h e c k o n a n a
t io n a l b a n k f o r 2 % o f b o n d s b id f o r, p a y a b l e to t h e C i ty t r e a s u r e r , is r e
q u i r e d . T h e v a l i d i t y o f th e s e is s u e s w ill b e p a s s e d u p o n b y H a w ■<I n s ,
D e la fle ld & L o n g f e llo w , o f N . Y ., w h o s e o p i n io n w ill lie f u r n i s h e d to t h e
p u rch aser.
O f f ic ia l c i r c u l a r s t a t e s t h a t t h e r e is n o l i t i g a t i o n o r c o n t r o v e r s y
p e n d in g o r t h r e a t e n e d c o n c e r n i n g t h e v a l i d i t y o f t h e s e b o n d , t h e b o u n d a r i e s
A pr . 20 1912.
THE CHRONICLE
_
o f t h e m u n i c i p a l i t y o r t h e t i t l e s o f t h e o f f ic ia ls t o t h e i r r e s p e c t i v e o f fic e s .
S e e V . 91, p . 1077.
PLEASANT RIDGE, H a m i l t o n C o u n t y , O h io .— B o n d O ffe rin g . — P r o "
p o s a ls w ill b e r e c e i v e d u n t i l 12 n i . M a y 8 b y W . T . M o t h e r s h e a d , V illa g e
C l e r k , f o r $ 4 ,0 0 0 s id e w a l k a n d $ 2,000 w a t e r - p i p e 4 ^ % 3 0 - y e a r b o n d s .
D e n o tn . $ 5 0 0 .
D a t e f o r s i d e w a l k b o n d s Is M a r c h 10 19 1 2 a n d f o r w a t e r p i p e b o n d s Is M a r c h 17 1 9 1 2 .
I n t. se m i-a n n u a l.
I lo n d s t o b e p a i d f o r
w i t h i n 10 d a y s f ro m t i m e o f a w a r d .
C e r t, c h e c k f o r 1 0 % o f b o n d s b id f o r ,
p a y a b l e t o t h e V ll. T r e e s . , r e q u i r e d .
P u r c h . to p a y a c c ru e d I n t.
PORT CHESTER, W e s t c h e s t e r C ounty, N. Y.— B o n d S a le . — O n A p r i l 15
t h e $ 3 ,0 0 0 5 % 4 - 9 - y r . ( s c r .) o ld W i l l e t t A v e . l lr c - h o u s e b o n d s (V . 9 4 ,
p . 1 0 7 7 ) w e r e a w a r d e d t o J o h n J . H a r t o f A l b a n y a t 1 0 2 .2 3 — a b a s is o f
a b o u t 4 ,6 0 % .
O t h e r b i d s f o llo w :
E s t a b r o o k & C o ., N . Y .............. 1 0 2 .0 3 I A d a m s & C o .. N . Y ......................1 0 2 .0 3 3
C u r t i s & S a n g e r , N . Y _______ 1 0 1 .2 4 3 |
A b i d f o r $ 3 ,5 0 0 b o n d s w a s a ls o r e c e iv e d f ro m G e o . M . H a h n o f N . Y .
PORTLAND. Ore.— B o n d S a le . — O n A p r i l 8 t h e f o llo w in g b i d s w e r e r e
c e iv e d f o r t h e $ 5 1 8 ,3 9 1 32 6 % 1 0 - y r . l m p t . b o n d s o ffe re d o n t h a t d a y .
Bidder —
Am ount. Price.
Bidder —■
Am ount.
l ’rlce.
fSlOO.OOO 103.17
A s to ria N a t. B a n k $ 25,000
103.75
100,000 103.12
25,0 0 0 103.70
M orris B ro th e rs ,
( 100,000 103.06
25,0 0 0 103.62
P o r tl a n d .......................I 100,000 103.01
[ 100,000 102.91
f 10,000 103.07
25,000 103.57 F . I I . Lew is & C o __ ( 10,000 103.01
l 10,000 102.71
25,000 103.51
25,0 0 0 103.47 P o r tla n d T r u s t C o . 518,391 32 103
I 25,0 0 0 103.35 S e c u rity S a v & T r . C o. 2 5 0,000 102.67
25,000 103.26
A . E . E c k h a r d t ............ / 2 5 ,0 0 0 102.621
l 25,000 103.11
\ 2 5 ,000 102.531
H e n ry T e a l ..................... 20 0 ,0 0 0 102.50
C . N . P r o u d ............
9.000
103.55
10,000 102.16
U . S . N a t. B a n k ,
\ 10,000 103.27
10.000 101.723
Me M lnnvlU e.......... J
10.000 101.289
S e c u rity S a v . B a n k &) 100,000 103.265 B ra n d & S te v e n s,
T r u s t C o .......................I 50,000 103.105
L t d ........................
10.000 100.857
W F W h ite ................. 50,000 103.25
2 5 .0 0 0 100,533
f 25,0 0 0 103.25
10.000 100.427
50,0 0 0 103.125
2 5 .0 0 0 100
G L . & J . A . Me P h e r-J 50,000 103
A e tn a L ife I n s . Co 518,391 32 102 |
s o n ........................
50,000
102.75 W in. A d a m s,C ity T reas. 6 6 ,000 100
T h e b o n d s w e r e a wl a r25,0
d e d 0 0a s 102.50
fo llo w s :
G . F . S . IC a m m e rc r..
2 ,8 0 0 103.25
Purchaser—
A mount.
Price
Purchaser —
Am ount.
Price.
A s to ria N a t. B a n k . . . $2 5 ,000 103.75
C. N . P r o u d .................... $ 9 ,000 103.55
f 25 ,0 0 0 103.70
U . S . N a t. B k ., M cM Inn 10,000 103.27
I 25,0 0 0 103.62 Sec. S av . B k .& T r . C o. 100,000 103.265
L u m b e rm e n ’s N a t.
| 25,0 0 0 103.57 VV. F . W h ite ................. 50 ,0 0 0 103.25
B a n k ...............................j 25,0 0 0 103,51
G . L . & J . A . Me
\ 2 5 ,0 0 0 103.25
I 25,0 0 0 103.47
P h c r s o n ......................../2 1 .5 9 1 32 103.125
I 25,0 0 0 103.35 G . F . 8 . K a m m e r e r . ..
2 ,8 0 0 103.25
[ 25,0 0 0 103.26 M orris B ro s ., P o r tla n d 100,000 103.17
1
PROSPER INDEPENDENT SCHOOL DISTRICT (P. O. Prosper),
^olhn C ounty, l e x — B o n d S a le .— O n A p r il 10 t h e S t a t e P e r m a n e n t S c h o o l
F u n d p u r c h a s e d a n is s u e o f $ 6 ,0 0 0 5 % 1 0 - 4 0 -y r . ( o p t.) b o n d s a t p a r & i n t .
PROSPECT SCHOOL DISTRICT <P. 0 . Prospect). Marion County, Ohio.
— B o n d s V oted. — 1 h e p r o p o s i t io n t o I s s u e $ 3 ,0 0 0 b l d g , b o n d s c a r r i e d , i t is
s t a t e d , b y a v o t e o f 122 t o 13 a t a n e le c t io n h e ld A p r il 6 .
PU L A SK I, Oswego County, N. Y.— B o n d S a le . — O n A p r il 9 t h e $ 1 5 ,0 0 0
1 - 6 - y r . ( s c r .) r e g . t a x - f r e e s t r e e t - i m p t . b o n d s (V . 9 4 , p . 1 0 01) w e r e a w a r d e d
t o A d a m s & C o . o f N . Y . f o r $ 1 5 ,0 1 1 (1 0 0 .0 7 3 ) a n d I n t . f o r 4 .4 5 s .
PUTNAM COUNTY (P. 0 . Palatka), Pla.— D escription o f B o n d s . — T h e
$ 3 5 ,0 0 0 5 % f u n d i n g s c h o o l b o n d s a w a r d e d t o D u k e M . P a r s o n a n d l a t e r r e
s o ld t o P a r s o n , S o n & C o . o f C h ic . (V . 9 4 , p . 1001) a r e In t h e d e n o m . o f
-$1,0 0 0 e a c h a n d d a t e d F e b . 6 1 9 1 2 .
I n t . J . & J . a t P a r s o n , S o n & C o . In
N . Y . o r C h ic , o r t h e C o u n t y T r e a s . o f f i c e .
D u e f ro m J u ly 1 1913 to
J u ly 1 1924.
QUINCY, Norfolk County, M a s s T em p o ra ry L o a n . — O n A p r i l 16 t h e
l o a n o f $ 6 0 ,0 0 0 d u e O c t . 14 1 9 1 2 (V . 9 4 , p . 1 0 7 7 ) w a s n e g o t i a t e d w i t h
P e r r y , C o ffin & B u r r o f B o s t o n a t 3 .5 5 % d i s c o u n t a n d $1 25 p r e m i u m .
RANDOLPH COUNTY' (P. O. Ash boro), No. Caro.— R estilt o f B o n d E lec
tio n . — A n e le c t io n h e ld A p r i l 8 r e s u l t e d . It is s t a t e d , In f a v o r o f t h e I s s u a n c e
o f $ 8 0 ,0 0 0 b o n d s t o a id t h e R a n d o l p h & C u m b e r l a n d H R . A s h b o r o T w p .
Is s a i d t o h a v e v o t e d $ 4 0 ,0 0 0 , R a i u l l e m a n T w p . $ 3 0 ,0 0 0 a n d B r o w e r $ 1 0 ,
000.
P r o p o s i t i o n s t o I s s u e $ 2 0 ,COO t o a i d t h e r o a d w e r e d e f e a t e d In G r a n t
a n d N e w M a r k e t t o w n s h ip s .
REAGAN INDEPENDENT SCHOOL DISTRICT (P. 0 . Reagan), Falls
County, le x .— B o n d s V oted. — I t is s t a t e d t h a t a p r o p o s i t io n t o is s u e b l d g ,
b o n d s c a r r i e d a t a n e l e c t i o n h e ld A p r i l 1 0 .
RICHMOND INDEPENDENT SCHOOL DISTRICT (P. 0 . Richmond).
Fort Bend County, l e x . — B o n d S a le . — T h e S t a t e P e r m a n e n t S c h o o l F u n d
p u r c h a s e d o n A p r i l 10 a n I s s u e o f $ 2 3 ,5 0 0 5%, 2 0 - 4 0 - y r . ( o p t.) b o n d s a t p a r
a n d I n t . T h e S t a t e C o m p tr o l le r r e g i s t e r e d t h e s e b o n d s o n A p r il 1 3 .
RICHMOND SCHOOL DISTRICT (P. O. Richmond). Macomb County.
Mich.— B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e iv e d u n t i l 7 p . m . A p r i l 25
b y E . I I . R o w le y .S e c y . B d . o f E d . , f o r 5 % h tg h - s c h o o l- b l d g . b o n d s . D e n o m .
$ 1 ,6 6 6 6 6 .
D a te J u n e 1 1912.
I n t . a n n . In J u n e a t D e t r o i t .
C e r t, c h e c k
f o r 4 % o f b i d , p a y a b l e t o I I . A . S i m m o n s , T r e a s . , Is r e q u i r e d . B o n d e d d e b t ,
l n c l . t h i s i s s u e , $ 2 9 ,2 0 0 . A s s e s s e d v a l . In 1911 $ 8 7 3 ,8 2 0 .
ROBERTSON COUNTY (P. O. Springfield), Tenn.— B o n d s A u th o rize d . —
T h e i s s u a n c e o f $ 3 0 0 ,0 0 0
2 0 - 3 0 - y r . ( o p t.) c o u p , r o a d b o n d s h a s b e e n
a u th o r iz e d .
D e n o m . $ 1 ,0 0 0 .
ROCHESTER, N. Y. — N ote S a le . — O n A p r il 12 $ 3 0 0 ,0 0 0 8 - m o n t h s e w a g e
d i s p o s a l n o t e s w e re a w a r d e d t o I I . L e e A n s t e y o f N . Y . , a t 4 . 2 5 % . I n t a n d
$100 p re m iu m .
O t h e r b i d s fo llo w :
B o n b r l g h t * H i b b a r d , R o c h e s t e r ............ ................. 4 . 2 5 % I n t . a n d $ 4 5 p r e m .
G o l d m a n . S a c h s & C o ., N . Y -------------------------------- 4 .2 5 % I n t . & $ 1 2 50 p r e m .
B o n d & G o o d w in . N . Y ..............- --------- --------------- 4 .2 5 % I n t . a n d $11 p r e m .
L u t h e r R o b b i n s , R o c h e s t e r -------------------------------- 4 .4 0 % I n t e r e s t .
T . J . S w a n t o n , R o c h e s t e r ................................... ..........4 .5 0 % I n t e r e s t .
D . A . M o ra n & C o ., N. Y _________ - ............... 4 .5 0 % I n t e r e s t .
ROCK COUNTY (P. O. Luvernc), Minn.— B o n d O ffe rin g . — P r o p o s a l s
w ill b e r e c e i v e d u n t i l 2 p . m . M a y 11 f o r $ 6 0 ,0 0 0 5%, c o u p , d i t c h b o n d s .
D e n o m . $ 4 ,0 0 0 .
D a te J u ly 1 1912.
I n t. J . & J . a t th e C o u n ty T re a s .
o f f i c e o r N . Y . o r C h ic .
D u e $ 4 ,0 0 0 y r l y . J u l y 1 19 1 7 t o 1931 ln c l.
ROC Kl I ILL. York County. S o . Caro.— B o n d E lection P roposed. — T h i s
c i t y . I t Is s t a t e d . Is c o n s id e r in g h o l d in g a n e le c t io n t o v o t e o n a p r o p o s i t io n
t o I s s u e $ 5 0 ,0 0 0 w a t e r - w o r k s b o n d s .
R O S C O M M O N C O U N T Y (P. O . R o s c o m m o n ) , M ic h ,— B o n d s D efeated. —
A n e le c t io n h e ld A p r il 1 r e s u l te d In t h e d e f e a t o f t h e p r o p o s i t io n t o I s s u e
$ 1 5 ,0 0 0 J a il b o n d s . T h e v o t e w a s 129 " f o r ” t o 4 6 2 " a g a i n s t . "
ROSWELL SCHOOL DISTRICT (P. O. Rosw ell), Chaves County, New
M ex. — B o n d s V oted a n d S o ld . — T h e e le c t io n h e ld A p r il 9 r e s u l te d In f a v o r
o f t h e p r o p o s i t i o n t o I s s u e t h e $ 3 5 ,0 0 0 5 % 2 0 - 3 0 - y e a r ( o p t.) b l d g , b o n d s
( V . 1)4, p . 6 4 9 ) . T h e v o t e was 3 7 3 t o 2 3 . A s a l r e a d y r e p o r t e d , t h e s e
s e c u r i t i e s w e r e s o ld t o C a u s e y , F o s t e r & C o . o f D e n v e r , s u b j e c t t o a f a v o r
a b l e v o t e a t t h i s e le c t io n .
I n t. se m i-a n n u a l.
ROXBORO. Person County, No. Caro.— B o n d S a le .— O n A p r i l 3 t h e
$ 2 5 ,0 0 0 5 % 3 0 - y e a r w a t e r .an d s t r e e t - i m p t . b o n d s ( V . 9 4 , p . 8 1 ) w e r e
a w a r d e d to th e
tr u s t e e s T e rre ll S c h o o l F u n d ” a t p a r.
D enom . $500.
D a te J u ly 1 1912. I n t. J . & J .
‘
*
, RUNNING LAKE DRAINAGE DISTRICT (P. O. Pocahontas), Ran
dolph County, Ark.—-B ond O ffe rin g .— P r o p o s a l s w ill b e r e c e iv e d u n t i l
11 a . m . M a y 11 b y J . J . L e w is , S e c ., f o r $ 8 5 ,0 0 0 6 % 2 0 - 4 0 - y r . ( o p t.) coup,
ta x -fre e d ra in a g e b o n d s.
D enom . $500.
D a te J u ly 1 1912.
N o d e p o s it r e q u ire d w ith b id s .
N o o th e r d e b t.
I n t. J . & J .
r ST. ALBANS INDEPENDENT SCHOOL DISTRICT (P. 0 . St. Albans)
Kanawha C o u n t y . VV. Va.— B o n d S a le .— O n A p r il 9 t h e S 1 7 .0 0 0 5 % 10 - 34 -
y r . ( o p t . ) c o u p . b l d g , b o n d s (V . 9 4 , p . 7 8 2 ) w e r e a w a r d e d t o F . M . S t a f f o r d
& C o . o f C h a t t a n o o g a f o r $ 1 7 ,1 3 5 (IC O .7 9 4 ) , I n t e r e s t a n d b l a n k b o n d s
ST. LOUIS COUNTY COMMON SCHOOL DISTRICT NO 35 (P
O
B uhl), Atinn.— B o n d S a le . — O n A p r i l 9 t h e $ 100,000 5 % b u i ld i n g b o n d s
<V.s 9 4 , p . 9 3 3 ) w e r e a w a r d e d t o W e ll s & D i c k e y C o . o f M in n e a p o l is a t
1 0 0 .3 6 7 a n d I n t e r e s t . S ix b i d s w e r e r e c e i v e d .
*
ST. LOUIS COUNTY SCHOOL DISTRICT NO. 24 (P
O. Biwabik)
Minn.— B o n d S a le .— O n A p r il 9 t h e $ 1 2 5 ,0 0 0 s c h o o l b o n d s (V . 94 n 9 3 3 )’
w e r e a w a r d e d to F . B . M y e rs o f B iw a b i k a t 1 0 0 .3 2 8 8 a n d I n t . f o r 5 s .
1135
SALEAl, E ssex County, M ass .— B o n d S a le . — O n A p r i l 17 B l a k e B r o s ,
o f B o s t o n w e r e a w a r d e d a t 1 0 1 .6 3 7 , i t is s t a t e d , t h e f o llo w in g 4 % c o u p ,
b o n d s , a g g r e g a t i n g $ 1 2 4 ,0 0 0 :
$ 1 0 0 ,0 0 0 p o lic e s t a t i o n l o a n 191 2 b o n d s .
D u e $ 1 0 ,0 3 0 y r l y . M a r c h 1 f r o m
1 9 1 3 t o 19 2 2 ln c l.
1 8 ,0 0 0 s c h o o l b o n d s .
D u e $ 2 ,0 0 0 y r l y . M a r c h 1 f r o m 1 9 1 3 t o 1921 ln c l.
6 ,0 0 0 lir e e n g in e b o n d s .
D u e $ 1 ,0 0 0 y r l y . M a r c h 1 f r o m 1 9 1 3 t o
1 9 1 8 ln c l .
O t h e r b i d s fo llo w :
A d a m s & C o ., B o s t o n .............. 1 0 1 .4 3 I M e r r ill, O l d h a m & C o .. B o s . . 1 0 1 .2 7 9
C u r t is & S a n g e r , B o s t o n ____ 1 0 1 .4 0 2 | E s t a b r o o k & C o ., B o s t o n . . . 1 0 1 . 2 6
I,
<&Co., B oston--------- 101.29 JR. L . D ay & Co., B oston____ 101.099
N . W . H a r r I s & C o . , I n c . , B o s . . . l 0 1 . 2 7 9 | E . H . R o l li n s & S o n s , B o s . .1 0 0 .8 9 6
. . D e n o m - $ 1 ,0 0 0 .
D a te M a rc h 1 1 9 12.
I n t. M . & S . a t th e M e rc h a n ts ’
] \a t . B a n k of B o s to n .
B o n d s a r c e x e m p t f r o m t a x a t i o n In M a s s a c h u s e t t s .
SAN D U SK Y , Eric County, Ohio. — B o n d s A u th o rize d . — A resolution was
passed on April 8, reports state, providing for the Issuance of $100,000 4%
filtration-plant-fmprovement bonds.
_
,C a l -— H a n d S a le . — O n A p r i l 8 t h e $ 4 0 0 ,0 0 0 4 H %
G e a i y kStj e e t R y '. b o n d s (V . 9 4 , p . 9 3 3 ) w e r e a w a r d e d t o A d a m s & C o . o f
B o s t o n a t 1 0 0 . 0I 6 a n d I n t .
N o o th e r b id s w e re re c e iv e d .
n ^ w ri ° , nR UNION HIGH SCHOOL DISTRICT, Fresno County, CaL—
12 t ll e 5 6 0 ,0 0 0 5 % 5 - 2 4 - y r . (s c r .) g o ld b l d g , b o n d s
( V . 9 4 , p . 1 0 0 1 ) w e r e a w a r d e d . It is s t a t e d , t o E . I I . R o l li n s & 'S o n s o f
S a n F r a n c i s c o a t 1 0 3 .8 3 .
Jr fr ndn ? a le '
SANTA BARBARA, Santa Barbara County, Cal.— B o n d O ffe rin g .—
P r o p o s a l s w ill b e r e c e i v e d u n t i l 5 p . m . M a y 2 f o r 5 3 9 ,0 0 0 4 A % c o u p ,
w a te r- w o r k s -c x tc n s lo n - tu n n e l b o n d s .
D e n o m . $ 1 ,0 0 0 .
D a te O c t. 1 1 9 10.
I n t . s e m l-a n n .
D u e $ 1 ,0 0 0 y r l y . O c t . 1 1 9 1 2 t o 1 9 5 0 ln c l. C e r t , c h e c k o n
a b a n k in S a n t a B a r b a r a f o r $ 4 ,0 0 0 , p a y a b l e t o t h e C i ty T r e a s . , Is r e q u i r e d .
A . D a v i s is C i ty C le r k .
SANTA ROSA, Sonoma County, Cal.— B o n d E lectio n . — A v o t e w ill b e
t a k e n o n M a y 7 , i t is s t a t e d , o n t h e q u e s t i o n o f is s u in g ’ p u b l i c p a r k b o n d s .
SEGUIN INDEPENDENT SCHOOL DISTRICT (P. O. Scguin), Guada
lupe County. T ex.— B o n d S a le . — A n is s u e of $ 3 ,0 0 0 5 % 10- 20 - y r . ( o p t.)
b o n d s w as p u rch ased
a t p a r a n d in t.
o n A p r i l 10 b y t h e S t a t e P e r m a n e n t S c h o o l F u n d
SELMA, Fresno County, Cal. — B o n d s V o ted . — A c c o r d in g t o r e p o r t s , t h e
p r o p o s i t io n s t o is s u e t h e $ 1 0 ,0 0 0 f i r e - d e p t . a n d $ 6 ,5 0 0 p a r k b o n d s c a r r i e d
a t t h e e le c t io n h e ld A p r i l 10 (V . 9 4 , p . 6 4 9 ) . T h e v o t e w a s 3 6 4 to 7 8 a n d
331 to 9 3 , r e s p e c tiv e ly .
SHARON. Noble County, Ohio.— B o n d E lectio n . — R e p o r t s s t a t e t h a t
t h e p r o p o s i t i o n t o I s s u e $ 8 5 ,0 0 0 b o n d s t o e r e c t a m u n i c i p a l e le c t r i c - l ig h t
p l a n t w ill b e s u b m i t t e d t o a v o t e o n M a y 2 1 .
SHELBY, Teton County, Alont.— B o n d O ffe rin g . — T h i s t o w n w ill o i le r
a t p u b l ic a u c t i o n a t 2 p . m . M a y 2 9 t h e $ 2 2 ,0 0 0 6 % w a t e r - s y s t e m - c o n
s tr u c tio n b o n d s v o te d A p ril 1 (V . 9 4 , p . 1 0 7 8 ).
D e n o m . $ 1 ,0 0 0 .
D a te
J a n . 1 1912.
I n t. J . & J .
D u e J a n . 1 1 9 3 2 , s u b j e c t t o c a ll $ 2 ,0 0 0 in 5
y e a r s , $ 5 ,0 0 0 In 10 y e a r s a n d $ 5 ,0 0 0 In 15 y e a r s . C e r t , c h e c k f o r n o t le s s
th a n $300 r e q u ire d .
I I . F . G u t h Is T o w n C l e r k .
T he o fficia l notice o f th is bond o ffe rin g w ill be fo u n d a m o n g the advertise
m en ts elsewhere in th is D ep a rtm en t.
SHERA1AN TOWNSHIP (P. O. Alonroeville), Huron County, Ohio —
B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e iv e d u n t i l 12 m . A p r i l 2 4 b y J . J .
E l m l ln g c r , T w p . C le r k , f o r $ 1 0 ,0 0 0 5 % c o u p o n t a x - f r e e r o a d - i m p t . b o n d s .
A u th o r ity S ec. 7033 to 7052 G en . C o d e.
D enom . $500.
D a t e M a r c h 15
1912.
I n t . M . & S . a t t h e W r i g h t B a n k i n g C o . In B e l le v u e .
D u e fro m
S e p t . 15 1 9 1 3 t o S e p t . 15 1 9 3 1 . C e r t , c h e c k f o r 5 % o f b i d , p a y a b l e t o t h e
C le r k , r e q u i r e d .
B o n d e d d e b t . I n c l u d i n g t h i s I s s u e $ 2 3 ,2 5 0 . A s s e s s e d
v a l . in 1 9 1 1 , $ 1 ,4 1 8 ,7 2 0 .
SHOSHONE SCHOOL DISTRICT. Lincoln County, Idaho.— B o n d S a le .
— O n A p r i l 10 $ 1 6 ,0 0 0 5 % 1 0 - 2 0 -y r . r e f u n d i n g b o n d s w e r e a w a r d e d t
E . I I . R o l li n s & S o n s o f D e n v e r a t 1 0 2 .8 1 .
D e n o m . $ 1 ,0 0 0 , $ 5 0 0 a n d $ 1 0 0 .
D a te J u ly 1 1912.
In t. J . & J .
SMOKY HILL TOWNSHIP, Saline County, Kan.— B o n d s V o ted . — T h e
q u e s t i o n o f I s s u in g b o n d s t o a id t h e S a l i n a T i p t o n & N o r t h e r n R y . c a r r ie d
i t Is r e p o r t e d , a t t h e e le c t io n h e ld A p r i l 9 .
SOCIAL CIRCLE, Walton County, G a .— B o n d O ffe rin g . — P r o p o s a l s w ill
b e r e c e i v e d u n t i l M a y 1 b y P . A . S t a n t o n , M a y o r , f o r t h e $ 8 ,0 0 0 5 % r e g
t a x - f r e e s c h o o l- b ld g , b o n d s r e c e n t l y v o t e d (V . 9 4 , p . 1 0 0 2 ) .
D enom .
$ 1 ,0 0 0 .
D a te A u g . 1 1 9 1 2 .
I n t . a n n . In A u g . a t A t l a n t a .
D u e 20 y e a rs .
T o t a l d e b t , l n c l . t h i s I s s u e , $ 2 4 ,0 0 0 . A s s e s s e d v a l . in 1911 $ 6 5 0 ,0 0 0 . No
d e p o s it r e q u i r e d w i t h b i d .
SOUTHAMPTON TOWNSHIP SCHOOL DISTRICT (P. O. Fcastcrville).
Bucks County, Pa. — B o n d O ffe rin g . — T ills d i s t r i c t w ill o i l e r a t p u b l ic a u c
t i o n a t 3 p . m . A p r il 2 0 a n I s s u e o f $ 6 ,0 0 0 4 % g o l d c o u p , f u n d i n g b o n d s .
D enom . $400.
D a t e A p r i l 2 0 1 9 1 2 . I n t . a n n . In A p r i l a t t h e D l s t . T r e a s .
o ffic e * D u e $ 4 0 0 y r l y . f o r 15 y e a r s . C e r t , c h e c k o r c a s h f o r 1 0 % o f b i d ,
p a y a b le to th e d is tr ic t, r e q u ir e d .
B o n d e d d e b t , $ 9 ,2 0 0 .
F lo a tin g d e b t,
$ 6 ,0 0 0 . A s s e s s , v a l. f o r 1 9 1 1 , $ 1 ,0 4 9 ,9 8 2 .
B . V a n A r t s d a l e n , S e c .B d .o f E .
„ SOUTH BEND SCHOOL DISTRICT (P. O. South Bend). St. Joseph
County, I n d . — B o n d S a le . — O n A p r i l 17 $ 1 3 0 ,0 0 0 4 % c o u p o n s c h o o l- im p t .
b o n d s w e r e a w a r d e d t o B r e e d & H a r r i s o n o f C i n c in n a t i a t p a r a n d i n t .
No
o t h e r b id s w e r e r e c e i v e d .
D e n o m . 5 1 ,0 0 0 .
D a t e A p r i l 17 1 9 1 2 .
I n t.
F . & A . a t t h e S o u t h B e n d N a t i o n a l B a n k In S o u t h B e n d .
D u e $ 1 3 ,0 0 0
y e a r l y A p r i l 17 f r o m 1 9 1 8 t o 1 9 2 7 . ^ I n c l u s i v e , | f e t s a l i
SPENCER SCHOOL,!DISTRICT{(P.IO.''Spencer), Clay'County, Iow a.—
B o n d S a le . — O n M a r c h 2 5 $ 5 5 ,0 0 0 4 A % b o n d s w e r e a w a r d e d t o G e o . M .
B e c h t e l & C o . f o r $ 5 5 ,0 5 0 , m a k i n g t h e p r ic e 1 0 1 .0 8 .
D e n o m . $ 1 ,0 0 0 .
D a te M ay 1 1912.
Int.M.&N.
D u e fro m M a y 1 1918 to 1 9 2 2 .
SPOKANE COUNTY SCHOOL DISTRICT NO. 122 (P. O. Hillyard),
W ash. — D escription o f B o n d s . — T h e $ 2 0 ,0 0 0 5 % 2 0 - y r . h l g h - s c h o o l- b l d g .
b o n d s a w a r d e d t o W o o d in , M c N e a r & M o o re o f C h ic , a t 1 0 3 .0 7 a n d I n t .
o n M a rc h 2 3 (V . 9 4 , p . 1 0 7 8 ) a r e in t h e d e n o m . o f $ 5 0 0 e a c h a n d d a t e d
A p ril 1 1912.
I n t. A . & O.
SPRINGFIELD, Greene County, Mo.— B o n d O ffe rin g . — P r o p o s a l s w ill
b e r e c e i v e d u n t i l 9 a . m . M a y 7 b y J . H . L o n g s t o n .C i t y C l e r k ,f o r t h e $ 5 0 ,0 0 0
" d e p a r t m e n t , $ 5 0 ,0 0 0 s t r e e t - i m p r o v e m e n t a n d $ 7 0 ,0 0 0 s e w e r - s y s te m
7,% « ^ 2 0 " ^ ? a r to P t- ) C0 , 'P - b o n d s v o t e d A p r i l 2 (V . 9 4 . p . 1 0 7 8 ) .
D enom .
5 1 ,0 0 0 .
D a te J u n e 1 1 9 1 2 .
I n t . J . & D . C e r t, c h e c k f o r 2 ^ % of b i d ,
p a y a b le t o t h e " C i t y of S p r in g f i e l d ” , r e q u i r e d . S e p a r a t e b i d s m u s t b e
m ad e fo r e a ch Issu e.
STAMFORD, F a ir f ie ld County, Conn.— B o n d s N o t S o ld . — N o a w a r d w a s
m a d e o n A p r i l l o o f t h e $ 1 5 0 ,oOo p a r k a n d $ 3 0 ,0 0 0 s e w e r 4 % 3 0 - y r . b o n d s .
(V . 9 4 , p . 9 3 3 .)
„ STEGE SCHOOL DISTRICT (P. O. S tcgc), Contra Costa County, CaL—
B o n d s D efeated. — A n e le c t io n h e ld A p r i l 5 r e s u l t e d in t h e d e f e a t o f t h e
p ro p o s itio n to Issu e sc h o o l b o n d s .
STEUBENVILLE, Jefferson County, Ohio.— B o n d s A u th o rize d . — L o c a l
p a p e r s s t a t e t h a t o n A p r i l 5 t h e C i ty C o u n c il a u t h o r i z e d t h e is s u a n c e of
$ 3 2 ,0 0 0 m a r k e t - h o u s c - s i t c - p u r c h a s c b o n d s .
„ STEWART SPECIAL SCHOOL DISTRICT (P. O. Stew art). Athens
County, Ohio.— B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e iv e d u n t i l 12 m .
A p r i l 2 5 b y S . J . B l d d ls o n , D l s t . C le rk , f o r $ 3 ,0 0 0 4 % c o u p , b u i ld i n g b o n d s .
A u t l i . S e c . 7 6 2 5 c t a l , O h io S c h o o l L a w s , 1 9 1 0 .
D enom . $300.
D a te
M a r c h 19 1 9 1 2 .
I n t.M . & S .
D u e $ 3 0 0 e a c h s ix m o n t h s f r o m S e p t . 1 1913
t o M a rc h 1 1 9 1 8 ln c l. B o n d s t o b e d e li v e r e d a n d p a i d f o r w i t h i n t o d a y s f ro m
t i m e o f a w a r d . C e r t, c h e c k f o r $ 3 0 0 , p a y a b l e t o t h e D l s t . T r e a s . , r e q u i r e d .
B id s m u s t b e u n c o n d i t i o n a l .
P u r c h a s e r to p a y a c c ru e d I n te r e s t.
SUMMIT COUNTY (P. O. Akron), Ohio.— B o n d S a le . — O n A p r i l 10 t h e
$ 7 ,5 0 0 4 A %, 1 - 1 0 - y c a r ( s e r ia l) c o u p n M a y fie ld A v e . r o a d - i m p t . a s s e s s m ’t
b o n d s (V . 94 , p . 1002 ) w e r e a w a r d e d t o S e a s o n g o o d & M a y e r o f C i n c in n a t i
a t 1 0 1 . 66 a n d I n t . — a b a s is o f a b o u t 4 . 1 6 % .
O t h e r b i d s fo llo w :
S . A . K e a n & C o ., C h i c a g o . $ 7 ,668 7 5 1F i r s t N a t . B a n k , C l e v e l a n d . $ 7 , 6 2 5 50
SUMTER COUNTY (P. O. Sum terville), Fla.— B o n d s O ffered by B a n k ers
— F a r s o n , S o n & C o . o f C h ic , a n d N . Y . a r e o f f e r in g t o I n v e s t o r s S 7 .0 0 0 5 %
f u n d in g b o n d s .
D enom . $500.
D a te J a n . 1 1912.
I n t. F . & A . a t F a r
s o n , S o n & C o . In N . Y . o r C h ic .
D u e $ 1 ,0 0 0 y r l y . A u g . 1 1 9 1 7 t o 1 9 2 3 ln c l.
TACOMA, W ash. — B o n d S a l e . — O n A p r i l 18 t h e t h r e e I s s u e s o f 2 0 - y r .
g o l d c o u p , b o n d s a g g r e g a t i n g $ 8 4 3 ,0 0 0 (V . 9 4 , p . 9 3 4 ) w e r e a w a r d e d t o
B o lg c r , M o s s c r & W ll l a m a n o f C h ic a g o f o r $ 8 5 5 ,6 6 3 10 ( 1 0 1 .5 0 2 ) f o r 4 A s .
TEHAMA COUNTY (P. O. Red Bluff), CaL—Bond E lectio n .— Local
papers state that the election to decide whether or not this county shall issue
the $250,000 court-house and Jail bonds (V. 94, p. 783) will be held May 29.
1136
THE CHRONICLE
TODD COUNTY (P. O. E l l s t o n ) , K y.— B o n d E le c tto n vP ro p o sed . — I t Is
s t a t e d t h a t t h e m a t t e r o f c a ll in g a n e le c t io n t o v o t e o n a p r o p o s i t i o n t o I s s u e
$ 200,000 r o a d b o n d s Is b e in g c o n s id e r e d b y t h i s c o u n t y . A
[VOL. LXXXXIV.
WACO, McLennan County, T ex.— V o te .— The vote cast on April 2 In favor
of the propositions to Issue the $400,000 water-works and $20,000 (not
$25,000, as-first reported) fire departm ent bonds (V. 94, p. 1078) was)
according to local papers, 743 to 169 and 728 to 150, respectively.
WASHINGTON .— B o n d s A u th o r iz e d .— Reports state that on April 11
the State Capitol Commission authorized the Issuance of $920,000 4%
refunding and temple of justice-erection bonds.
WASHINGTON C. H ., Fayette County, Ohio .— B o n d S a l e .— On April 17
the $2,500 4H % 2-6-yr. (ser.) coup. Market St. sewer bonds (V. 94, p . 1079)
were awarded to Seasongood & Mayer of Cincinnati at 101.08— a basis of
about 4.20% . A bid of $2,517 was also received from the Commercial Bank.
WASHINGTON COUNTY (P. O. Bartlesville), Okla . — B o n d S a l e .— On
April 15 the $115,000 6% court-house, jail and site bonds (V. 94, p . 1079)
were awarded to Speer & Dow of Fort Sm ith at 102.51 and lnt. Other
bids follow:
F i d e l i t y T r . C o ., K a n .C y .$ 1 1 7 ,7 7 7 0 0 A. .1. McMahon. Okla. Cy.$116,685 00
W . R . C o m p to n C o., S t .L . 1 1 7 ,6 5 3 53 Okla. State Bk., Okla.Cy. 116,640 00
H o e h l e r & C u m m ’g s , T o l . 1 1 7 ,4 1 0 0 0 T .A .T ooey,O k la.C ity
116,625 00
W o o d ln , M c N e a r & M o o re ,
G. I. Gilbert, Okla. C ity. 115,654 00
C h i c a g o ________________ 1 1 7 ,2 0 0 0 0 Farson Son & Co., Chic. 115,585 00
E . H . R o l l i n s & S o n s ,C h i c . 1 1 7 ,0 5 8 5 0 Territorial Trust & Surety
W . A . B r o o k s , O k l a . C i t y 1 1 7 ,0 2 6 66
C o m p a n y ----------------- 115,350 00
B a r tl e s v il le N a t . B a n k ,
R . J. Edwards, Okla. City 115,287 50
TRAVERSE CITY, Grand Traverse’CountyJM ich.— N ew B o n d E le c tio n .
— A n e le c t io n w ill b e h e ld M a y 1 a t w h i c h " a l l ” e l e c t o r s w ill b e g i v e n a n
o p p o r t u n i t y t o v o t e o n a p r o p o s i t io n t o I s s u e $ 1 5 0 ,0 0 0 b o n d s t o p u r c h a s e
t h e Q u e e n C i t y E l e c t r i c L i g h t & P o w e r C o . p l a n t , p r iv i le g e s a n d f r a n c h i s e s .
T h e s e b o n d s w e r e v o t e d a t a n e le c t io n h e ld M a r c h 2 8 , a t w h i c h o n l y t a x
p a y e r s v o t e d ( V . 0 4 . p . 1 0 0 3 ) . j * , j j j j , i i t * j u ; . „• . 1
A
TREGO COUNTY ( P . O. W akeeney), Kan.— B o n d S a le . — R e p o r t s ^ s t a t e
t h a t t h e $ 2 0 ,0 0 0 h i g h - s c h o o l- b l d g , b o n d s v o t e d F e b . 13 ( V . 9 4 , p . 6 4 9 ) w e r e
a w a r d e d t o a n O h io fir m a t 101 a n d I n t e r e s t .
, ■ j •
^ •< < i j j
~ TRENTON, N. J . — B o n d s ^ A u th o r iz e d . — A n o r d I n a n c c ,'h a s b e e n p a s s e d
p r o v i d i n g f o r t h e I s s u a n c e o f $ 1 4 9 ,8 5 5 1 0 - y e a r r e g i s te r e d s t r e e t - p a v i n g
assessm en t b o n d s.
D e n o m . $100 o r m u ltip le s th e r e o f.
I n te r e s t (ra te n o t
t o e x c e e d 4 t f % ) p a y a b l e s e m i - a n n u a l l y a t . t h e C i t y T r e a s u r e r ’s o f fic e , . j ,j
TYLER SCHOOL DISTRICT (P.TO. Tyler) /S m ith County, T e x a s . — B o n d
1 0 - 4 0 - y r . ( o p t.) b l d g , b o n d s v o t e d
D e c . 5 1911 (V . 9 3 , p . 1 6 8 4 ) w e r e a w a r d e d t o t h e H a n c h e t t B o n d C o .ifo f
C h ic a g o a t 1 0 2 .1 9 a n d I n t e r e s t . A m o n g t h e o t h e r b i d s r e c e i v e d w a s o n e
o f ,1 0 1 .63 f r o m E . I I . R o l li n s ;& .S o n s ; o f C h ic a g o . ■
4 j A.gj J J : j
S a le . — O n M a r c h 2 5 t h e $ 5 0 ,0 0 0 5 %
UNION TOWNSHIP SCHOOL’ DISTRICT (P. O .’ L ynhurst).’ N. J .—
B a r t l e s v i l l e _____ ______ 1 1 6 ,8 1 7 0 0
B i d d e r s o f fe r e d a c c r u e d i n t . in a d d i t i o n t o t h e i r b i d e x c e p t t h e T e r r i t o r i a l
T r u s t & S u r e t y C o . A b i d w a s a ls o s u b m i t t e d b y S . A . K e a n & C o. o f C h ic .
D e n o m . $ 1 ,0 0 0 . I n t . J . & J .
B o n d s P ro p o sed . — W e a r e a d v i s e d t h a t t h i s d i s t r i c t w ill I s s u e $ 4 5 ,0 0 0 b o n d s , j
UPPER AIERION TOWNSHIP *SCHOOL DISTRICT, M ontgomery
County. Pa. — B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t i l 12 m .
M a y 4 b y F . J . S m ith , S e c y . B d . o f S c h o o l D ire c to rs ( P . O . K in g o f P ru s sia )
for $ 1 5 ,0 0 0 4 H % r e g . t a x - f r e e f u n d i n g b o n d s . D e n o m . $ 1 ,0 0 0 . D a t e
M ay 1 1912.
I n t . M . & N . a t B rid g e p o rt, P a .
D u e $ 5 ,0 0 0 o n M a y 1 in
1 9 2 7 , 1932 a n d 1 9 3 7 . A d u l y c e r t , c h e c k o r d r a f t f o r 5 % o f b i d , p a y a b l e
t o T . B . L o n g , D I s t. T r e a s . , r e q u i r e d .
N o o t h e r d e b t . A s s e s s e d v a l . 1911
$ 2 ,1 4 2 ,5 1 0 . • ,
•!
- j -. • -J J - j H
• i •i
'. i ? ,dj .-a ^ dl , ■ - -
WASHINGTON MAGISTERIAL DISTRICT NO. 5. Norfol k County, Va.
— B o n d S a le . — O n A p r i l 9 t h e $ 2 0 ,0 0 0 5 % 2 0 - y r . s c h o o l-1 m p t . b o n d s (V . 9 4 ,
p . 9 3 4 ) w e r e a w a r d e d t o W o o d ln , M c N e a r & M o o re o f C h ic a g o , I t Is s t a t e d .
W AUKESHA, W aukesha C ounty, W is. — D escrip tio n o f B o n d s . — T h e
$ 1 0 ,0 0 0 4 H % h o s p i t a l b o n d s v o t e d A p r i l 2 ( V . 9 4 , p . 1 0 7 9 ) a r c In t h e
d e n o m . o f $ 1 ,0 0 0 e a c h a n d d a t e d J u l y 1 1 9 1 2 .
In t. J . & J .
W o a re a d
v i s e d t h a t t h e s e b o n d s h a v e n o t y e t b e e n s o ld .
m VANDERBURGH COUNTY$(PAO.’ EvansviHe), Ind.— B o n d S a le .— On
M a r c h 15 t h e C i t y N a t i o n a l B a n k In E v a n s v il l e w a s a w a r d e d a t p a r t w o
I s s u e s o f 4 ) ^ % r o a d b o n d s a g g r e g a t i n g $ 1 9 ,4 0 0 . - D e n o m . $ 4 0 0 .
D a te
A p ril 1 1912. & I n t . J . & J . < a A J j J
z A J ■ £ .* & * » * j
•*
J55VASSAR TOW NSHIP (P. O.^Vassar), Tuscola C ounty,TMich.— B o n d s
W AYNE COUNTY (P. O. D etroit), Alich.— B o n d S a le .— O n M a r c h 1 t h e
$ 1 3 8 ,0 0 0 ( th e u n s o ld p o r t i o n o f a n I s s u e o f $ 5 0 0 ,0 0 0 ) 4 % 2 - 6 - y e a r (s e r ia l)
c o u p o n r o a d b o n d s (V . 9 4 , p . 7 2 3 ) w e r e a w a r d e d $ 5 0 ,0 0 0 t o t h e D e t r o i t
S a v i n g s B a n k a n d $ 8 8 ,0 0 0 t o B u m p u s & Co. o f D e t r o i t a t p a r .
WVICKSBURG.',5Warren County.TM iss. — B o n d s ’'A u th o r iz e d . — T h e ’ C i t y
— B o n d O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d u n t i l 12 m . M a y 4 b y J . R .
W o o t e n , C h a i r m a n B o a r d o f C o m m i s s io n e r s , f o r $ 3 0 ,0 0 0 6 % t a x - f r e e b o n d s .
D e n o m . to s u it p u rc h a s e r.
In te re s t s e m i-a n n u a l.
D u e f r o m 3 t o 12 y e a r s .
C e r t , c h e c k f o r $ 5 0 0 Is r e q u i r e d .
B id d e rs m a y s u b m it fo rm of b o n d s d e
s i r e d . A lik e I s s u e o f b o n d s w a s o f fe r e d o n A p r i l 2 ( V . 9 4 , p . 7 8 3 .)
V o ted . — A n e l e c t i o n h e ld A p r i l 1 r e s u l t e d . I t Is s t a t e d , in a v o t e o f 2 2 6 t o 64
In f a v o r o f t h e q u e s t i o n o f I s s u in g $ 5 ,0 0 0 b r id g e - b u il d in g b o n d s . T h e s e
b o n d s t a k e t h e p l a c e o f t h e $ 1 0 ,0 0 0 is s u e o f fe r e d f o r s a le o n D e c . 2 7 1911
( V . 9 3 , p . 1 6 8 4 ) . I t w a s d i s c o v e r e d t h a t t h e b r id g e c o u ld b e b u i l t f o r t h e
s m a l l e r a m o u n t . 13
J
. f t .. J a ;j • j j j | .< i i
*
W AYNE COUNTY DRAINAGE DISTRICT (P. O. Goldsboro), No. Car.
C o u n c il h a s a u t h o r i z e d t h e I s s u a n c e o f j$ 5 0 ,0 0 0 4
2 0 - y e a r (s e r .) s c h o o l
b o n d s , r e p o r t s s t a t e . j |D e n o m . ; $ 5 0 0 . i £ D a t e ; J u n e 1 1 9 1 2 . 1 , 4. ^ , < i j J
w VICTORIA COUNTY *(P. O. SVictoria.TTex .— B o n d s
R e g is te r e d .— O n
A p r i l 11 t h e $ 2 0 0 ,0 0 0 5 % R o a d D l s t . N o . 2 b o n d s a w a r d e d t o t h e C o m
m e r c e T r u s t C o . o f K a n s a s C i ty o n M a r c h 16 (V . 9 4 , p . 9 3 4 ) w e r e r e g i s t e r e d
b y t h e { S ta te ^ C o m p tr o lle r , [ u j J i 1 4 *
■ ■ ■ 4 f t J J -J ■ •» i j *
» VIRGINIA3SCH00L*IDISTRICT?(P. 0 . Virginia),’ St. Louis County,
M inn.— B o n d E le c tio n P r o p o s e d .— A petition is being circulated, reports
state, asking for an election to ..vote on the question of Issuing $70,000
building bonds.
WEBBERS FALLS, M u s k o g e e C o u n t y , O k l a .— B o n d s V o ted . — L o c a l
p a p e rs s ta t e t h a t th is to w n h a s f a v o r a b ly v o te d o n a p r o p o s itio n to Iss u e
$ 1 7 ,0 0 0 w a t e r - w o r k s b o n d s .
WELLSVILLE SPECIAL ROAD DISTRICT (P. O. W cllsv ille). M o n t
g o m e r y C o u n t y , M o .— B o n d E le c tio n . — R e p o r t s s t a t e t h a t a n e l e c t i o n w ill
b e h e ld A p r i l 2 4 t o v o t e o n a p r o p o s i t i o n t o I s s u e $ 4 5 ,0 0 0 l m p t . b o n d s .
W ESTC ALD W ELL (P. O. Caldwell). E ssex County, N. J .— B o n d S a le . —
O n A p r i l 12 t h e $ 3 ,5 0 0 4 *A% 1 0 - y e a r w a t e r - s y s t e m b o n d s (V . 9 4 , p . 43 1 )
w e r e a w a r d e d t o t h e C i ti z e n s ’ N a t i o n a l B a n k o f C a ld w e ll, I t Is s t a t e d , a t p a r .
NEW LOANS.
NEW LOANS.
$40,000
$ 2 2 5 ,0 0 0
H U D S O N
C O U N T Y ,
4 '/2%
G O LD BO NDSI
N.
J.,
C ity o f S u ffo lk , V irg in ia *
5% BONDS FOR SALE
By virtue of two separate resolutions of the Board of Chosen Freeholders
of the County of Hudson, passed at a meeting held Thursday, April 4, 1912, sealed
bids and proposals will be received and opened at a meeting of said Board to be
held in the Court House, Jersey City, N. J., on
T hursday, May 2 , 1 9 1 2
at 3 o’clock P. M.
for the sale of bonds for the following improvements, viz.:
Sealed proposals for sale of said bonds, payable
thirty years from date, June 1 1912, with 5 per
cent Interest .payable sem i-annually, will be re
ceived until 3 p. m.
MAY 2, 1912,
to be accompanied by certified check for 5 per
cent, and no bid less than par will be received.
The right to reject any and all bids reserved.
For full particulars, address
JO H N
(1) $125,000 NEW FOURTEENTH STREET VIADUCT BONDS, to be
B . P IN N E R ,
Supt. Department of Finance.
ssued under authority of an Act of the Legislature of the State of New Jersey, en
titled "An Act to enable the Board of Chosen Freeholders of any county in this
State to erect, construct and maintain a viaduct between two or more municipali
ties in any such county, connecting streets or roads of such county or municipali A d r i a n H . M u l l e r & S o n ,
ties, and to extend roads to connect with such viaduct, and to acquire lands for
A U C TIO N E E R S ,
the same, and to issue bonds for the payment of the cost of the erection, construc
tion and acquisition thereof,” approved March 28, 1904, and the supplements
Regular Weekly Sales
thereto and amendments thereof.
.
.
(2) $100,000 BRIDGE STREET BRIDGE BONDS, issued under authority
OF
of an Act of the Legislature of the State of New Jersey, entitled “An Act in relation
to county expenditures,” approved April 2, 1878, and the supplements thereto
S T O C K S and B O N D S
and amendments thereof. (See supplements, Laws 1888, p. 362, and 1900, p. 66.)
Both of the above issues to bear interest at FOUR AND ONE-HALF PER
EVERY WEDNESDAY
CENTUM ( 4 } 4 % ) per annum, payable semi-annually, and to bear date the first
Office, No. 55 WILLIAM STREET.
day of May, 1912. Said bonds to be coupon bonds, with the privilege of registra
Corner Pino Street.
tion both as to principal and interest.
The $125,000 issue to run for a period of THIRTY YEARS and the $100,000
issue to run for a period of TWENTY YEARS, and both will have the certification
of the U. S. Mortgage & Trust Company of New York City, and the legality thereof
approved by Messrs. Hawkins, Delafield & Longfellow, of New York City.
Each bid must be accompanied by a bank or certified check upon some Na Bolger, Mosser & W illiam an
tional Bank or Trust Company, drawn to the order of Stephen M. Egan, County
M UNICIPAL BONDS
Collector, or cash to the amount of one per centum (1%) of the bid.
Legal for Savings Banks,
Each proposal or bid must be enclosed in a sealed envelope, endorsed “Pro
Postal Savings and Trust Funds.
posals for Bonds,” and to be accompanied by the bank or certified check or cash
as aforesaid. Bidders may bid for the whole or any part of each issue thereof.
SE N D FO R L IS T .
The Board reserves the right to reject any or all bids if it deems it for the best
19
South
La
Salle St.,
CHICAGO
interest of the County so to do.
WALTER O’MARA, Clerk.
Charles M. Sm ith & Co
E S T A B L IS H E D
1885.
H. C. SPEER & SONS CO.
S tith e r lin
&
C o m
p a n y
First Nat. Bank Bldg., Chicago
MUNICIPAL BONDS
SCHOOL,
COUNTY AND MUNICIPAL BONDS
Commerce Building
KANSAS CITY
MISSOURI
CORPORATION AND
MUNICIPAL BONDS
FIRST NATIONAL BANK BUIL
CHICAGO
A pr . 20 1912.]
„ WESTERN
BRANCH
THE CHRONICLE
MAGISTERIAL
DISTRICT
NO.
1.
Norfolk
County, Va.— B o n d S a le .— O n A p r i l 9 t h e $ 8 1 ,6 0 0 r e f u n d i n g a n d $ 2 0 ,0 0 0
s c h o o l - l m p t . 5 % 2 0 - y r . b o n d s (V . 9 4 , p . 9 3 5 ) w e r e a w a r d e d . I t Is s t a t e d ,
to W o o d ln , M c N e a r & M o o re o f C h ic a g o f o r $ 1 0 1 ,6 5 0 a n d b l a n k b o n d s .
WEST NEW YORK. Hudson County, N. J .— B o n d s
A u th o rize d .—
O r d i n a n c e s h a v e b e e n p a s s e d p r o v id i n g f o r t h e I s s u a n c e o f $ 1 2 5 ,0 0 0 1 5 - y r.
f u n d i n g a n d $ 2 3 ,0 0 0 1 - 2 3 -y r . lir e 5 % g o l d c o u p , ( w i th p r l v . o f r e g .) b o n d s .
D e n o m . $ 1 ,0 0 0 .
D a te J u ly 1 1912.
I n t . J . & J . a t t h e H u d s o n T r u s t Co
In H o b o k e n .
WHARTON COUNTY COMMON SCHOOL DISTRICT NO. 5, T ex.—
B o n d S a le .— T h e r e m a in i n g $ 5 ,0 0 0 o f t h e $ 7 ,7 0 0 5 % 2 0 - 4 0 - y r . ( o p t.) b o n d s ,
o f w h i c h $ 2 ,7 0 0 w e re s u 'd o n M a rc h 11 (V . 9 4 , p . 8 6 7 ) , w e r e a w a r d e d t o t h e
S t a t e P e r m a n e n t S c h o o l F u n d o n A p r i l 10 a t p a r a n d I n t .
WHITESTOWN UNION FREE SCHOOL DISTRICT NO. 1, N. Y.—
B o n d E le c tio n .— A t t h e a n n u a l s c h o o l m e e t in g In O r l s k a n y o n M a y 7 t h e r e
w ill b e s u b m i t t e d t o t h e e le c t o r s a p r o p o s i t io n t o I s s u e $ 1 2 ,0 0 0 6 % b ld g
b o n d s d u e $ 1 ,0 0 0 y r l y . b e g in n i n g N o v . 1 1 9 1 3 .
WINCHESTER, Middlesex County, M ass.— B o n d O ffe r in g .— P r o p o s a l s
w ill b e r e c e iv e d u n t i l 7 p . m . A p r i l 22 b y G . I I . E u s t l s , T o w n T r e a s . , f o r
$ 1 2 ,0 0 0 4 % l - 4 - y r . (s c r .) c o u p , s u r f a c e d r a i n a g e b o n d s .
D e n o m . $ 1 ,0 0 0 .
D a te M ay 1 1912.
I n t . M . & N . a t t h e O ld C o lo n y T r u s t C o . In B o s t o n .
B o n d s w ill b e c e r t if i e d a s t o g e n u in e n e s s b y t h e O ld C o lo n y T r u s t C o . in
B o s t o n , w h ic h w ill f u r t h e r c e r t i f y t h a t t h e l e g a l i t y o f t h i s is s u e h a s b e e n
a p p r o v e d b y R o p e s , G r a y & G o r h a m o f B o s t o n , w h o s e o p i n i o n w ill b e f u r
n ish e d to th e p u r c h a s e r w ith o u t c h a rg e .
WINNETKA SCHOOL DISTRICT NO. 3G (P. O. W innctka), Cook
County, 111.— B o n d S a le .— O n A p r i l 8 $ 4 5 ,0 0 0
b o n d s w ere a w a rd e d
to M c C o y & C o . o f C h ic , f o r $ 4 6 ,0 1 2 (1 0 2 .2 4 8 ) a n d b l a n k b o n d s . O t h e r
b i d s f o llo w :
F ir s t T r u s t & S a v . B a n k ._ .a $ 4 5 ,936
H . T . H o l t z & C o ., C h i c ------- 0 4 5 ,9 3 3
C o m . B o n d & I n v e s t . C o ___ a 4 5 ,9 2 3
W m . R . C o m p to n C o ., C h i c . a 4 5 ,9 0 2
H a r r i s T r u s t & S a v . B k . , C h a 4 5 ,8 2 7
B o lg e r , M o s s e r & W l l l a m a n ,
C h i c a g o _____________________ a 4 5 ,8 0 1
U le n & C o ., C h i c a g o _______ 0 4 5 ,7 5 6
J o h n N u v e e n & C o ., C h i c ._ a $ 4 5 , 7 1 0
N . W . H a l s e y & C o ., C h i c . . o 4 5 ,7 0 2
E m e ry , P e c k & R o ck w o o d ,
C h i c a g o ...... ............... .................. 0 4 5 ,6 9 7
A . I i . L e a c h & C o ., C h i c . . . 0 4 5 ,6 8 8
E s t a b r o o k & C o ., C h i c a g o . .
4 5 ,6 4 8
E . I I . R o l li n s & S o n s , C h i c .
4 5 ,5 9 4
Y a r d , O t i s & H o u g h . C h i c . a 4 5 .5 6 5
o A n d b la n k b o n d s.
A u t h o r i t y , v o t e o f 118 t o 13 a t e le c t io n h e ld D e c . 2 1 9 1 1 .
D en o m . $500.
D a te M ay 1 1912.
I n t. s e m l-a n n .
D u e o n M a y 1 a s fo llo w s : $ 3 ,0 0 0 in
1 9 1 9 , 1 9 2 0 , 1921 a n d 1 9 2 2 ; $ 4 ,0 0 0 f r o m 1 9 2 3 t o 1 9 2 9 i n c l ., a n d $ 5 ,0 0 0 in 1930
WINSOR TOW NSHIP. Huron County, Mich.— B o n d S a le .— T h e $ 5 0 ,0 0 0
c o u p o n h l g h w a y - i m p t . b o n d s o lf e r e d o n A p r i l 10 a s 5 s (V . 9 4 , p . 9 3 5 ) h a v e
b e e n s o ld a s 4 A s a t 1 0 1 .2 5 .
WYANDOT COUNI Y (P. O. Upper Sandusky), Ohio.— B o n d E lection
P ro p o se d .— R e p o r t s s t a t e t h a t p e t i t i o n s a r c b e in g c i r c u l a t e d a s k i n g f o r a n
e le c t io n n e x t f a ll t o v o t e o n a p r o p o s i t i o n t o I s s u e $ 7 5 ,0 0 0 b o n d s t o e r e c t
a m e m o r ia l h a ll In U p p e r S a n d u s k y .
YARDLEY, Bucks County, Pa. — B o n d s P ro p o sed .— A c c o r d in g t o r e p o r t s
t h e C o u n c il w ill I s s u e $ 8 ,0 0 0 s t r e e t - i m p r o v e m e n t b o n d s .
YEADON, Delaware County, Pa. — B o n d s P ro p o sed .— I t Is s t a t e d t h a l
t h e F i n a n c e C o m m i t te e o f t h e C o u n c il is p r e p a r i n g a n o r d i n a n c e p r o v id in g
f o r t h e i s s u a n c e of $ 1 5 ,0 0 0 s t r e e t - i m p r o v e m e n t b o n d s .
ZAVALLA COUNTY COMMON SCHOOL DISTRICT NO. 4, T c x . -
B o n d S a le .— T h e S t a t e
P e rm a n e n t School F u n d p u rch a se d
$ 1 2 ,0 0 0 5 % 2 0 - 4 0 - y r . ( o p t . ) b o n d s a t p a r a n d I n t .
Canada, its Provinces and Municipalities.
ALLANBURG, Ont.— D ebenture O ffe rin g .— P r o p o s a l s w ill b e r e c e iv e d
u n t i l 1 p . m . A p r i l 3 0 b y J . A . C l a r k , T o w n s h i p C le rk ( P . O . F r o n t h i l l ) , f o r
$ 2 ,6 0 0 c o u p o n s id e w a l k d e b e n t u r e s .
, ALLISTON, Ont. — D ebenture S a le .— O n A p r i l 5 t h e $ 4 ,2 9 0 42 5 % 1 5 I n s t a l l m e n t , $ 4 ,0 0 0 5 % 2 5 - i n s t a l l m e n t , $ 4 ,4 8 2 68 4 % 1 7 - in s t a l l m e n t a n d
$ 6 ,6 1 4 7 8 4 % 2 0 - i n s t a l l m e n t d e b e n t u r e s (V . 9 4 , p . 9 3 6 ) w e r e a w a r d e d t o
B r e n t , N o x o n & C o . f o r $ 1 8 ,8 1 1 ( 9 7 .0 2 ) a n d I n t .
O t h e r b i d s f o llo w :
G e o . A . S t i m s o n & C o ., T o r . $ 1 8 , 7 9 8 I O n t a r i o S e c u r i t ie s C o ., L t d . ,
W o o d , G u n d y & C o ., T o r o n t o 1 8 ,6 1 5 1
T o r o n t o __________________ .$ 1 8 ,2 0 7
ARCOLA, Sask. — L o a n E lectio n P ro p o sed .— A b y - la w p r o v id i n g t o r a
l o a n o f 8 1 0 ,0 0 0 f o r e x t e n s i o n o f s id e w a l k s w ill b e s u b m i t t e d . I t Is s t a t e d , t o
t h e r a t e p a y e r s In t h e n e a r f u t u r e .
„ BROCK SCHOOL DISTRICT NO. 2700 (P. O. Brock), Sask.— D ebenture
S a l e . — O n M a r c h 31 t h e $ 9 ,0 0 0 2 0 - i n s t a l l , d e b e n t u r e s ( V . 9 4 , p . 7 8 3 ) w e r e
a w a r d e d t o I I . O ’H a r a & C o . o f W in n i p e g . T h e b i d s f o llo w :
_T
F o r 5 s.
For 5 A s .
F o r 6 s.
I I . O I l a r a & C o .. W i n n i p e g .............. ................ $ 8 ,8 2 6
$ 9 ,1 6 5
$ 9 ,5 0 0
B . K . T h o m p s o n & C o .. W i n n i p e g . . ............. 8 ,7 9 2
9 ,1 3 9
C u r r a n , L a i r d & C u r r a n , R e g i n a ................. .. 8 ,7 5 0
9 ,0 8 0
9 ,4 1 0
B r e n t , N o x o n & C o .. T o r o n t o _____________
____
9 ,0 9 1
N a y & J a m e s , R e g i n a . .................................................. ..
9 ,0 3 5
W . A . M a c k e n z i e & C o ., W i n n i p e g ..........................
8 ,9 4 7
9 ,2 7 6
W o o d , G u n d y & C o ., T o r o n t o ____________
____
______
9 ,1 8 0
C A L D E R , Sask. — L o a n P ro p o sed . — A c c o r d in g t o r e p o r t s , t h i s v illa g e
w ill b o r r o w $ 2 ,0 0 0 f o r p e r m a n e n t I m p r o v e m e n t s .
CANNINGTON, Ont.— L o a n E le c tio n .— A n e le c t io n w ill b e h e ld
s o o n , r e p o r t s s t a t e , t o v o t e o n a b y - la w p r o v i d i n g f o r a l o a n o f $ 8 ,6 0 0 f o r
sch o o l p u rp o se s.
COURTRIGHT, Ont. — D ebentures V o te d .— T h e e le c t io n h e ld A p r i l 5
r e s u l t e d In f a v o r o f t h e p r o p o s i t i o n t o I s s u e t h e $ 1 ,5 0 0 5 % 1 0 - ln s t a l l m e n t
d e b e n t u r e s a s a b o n u s t o t h e s a l t w o r k s (V . 9 4 , p . 9 3 6 ) . T h e v o t e w a s
7 4 t o 4 . T h e s e c u r i t i e s w ill p r o b a b l y b e I s s u e d In S e p t e m b e r .
DELORAINE, Man.— D ebenture O ffe r in g .— P r o p o s a l s w ill b e r e c e iv e d
u n t i l 6 p . m . M a y 16 b y D . L . L i v i n g s t o n e , S e c .- T r e a s . , f o r $ 6 ,0 0 0 6 %
c o u p o n l o c a l - i m p r o v e m e n t d e b e n t u r e s p a y a b l e In 2 0 a n n u a l p a y m e n t s o f
P£VV
l n t - T h e s e d e b e n t u r e s w e r e o f fe r e d w i t h o u t s u c c e s s o n O c t . 26
19 1 1 (V . 9 4 , p . 5 0 8 ) .
EDMONTON, A lta. — L o a n E lectio n P ro p o sed .— A b y - l a w p r o v i d i n g for
a l o a n o f $ 6 0 ,0 0 0 t o p u r c h a s e t h e C o lle g e A v c . s ld e - h tl l f o r p a r k p u r p o s e s
w ill s o o n b e s u b m i t t e d t o a v o t e , a c c o r d i n g t o r e p o r t s ,
o GLEICHEN, A lta. — D ebenture S a le .— I t Is r e p o r t e d t h a t A e m lliu s J a r v i s
& C o . o f l o r o n t o h a v e p u r c h a s e d $ 9 ,0 0 0 6 % 2 0 - i a s t a l l m e n t d e b e n t u r e s .
HUNTSVILLE, Ont. — L o a n E le c tio n .— O n A p r i l 29 t h e e l e c t o r s w ill v o t e
o n a b y - la w p r o v i d i n g f o r a l o a n o f $ 5 ,0 0 0 t o e r e c t a t o w n h a ll a n d f ir e - h a ll.
INGERSOLL, Ont. — L o a n E le c tio n .— On June 1 an election will be held,
it Is stated, to vote on a by-law providing for a loan of $11,000 for a switch.
LETHBRIDGE, A l t a . — C orrection .— I t w a s r e c e n t l y s t a t e d t h a t t h i s c i t y
s o ld t o t h e R o y a l S e c u r i t ie s C o r p . , L t d . , o f M o n tr e a l t h e $ 7 5 0 ,0 0 0 c iv ic im
p r o v e m e n t d e b e n tu r e s (V . 9 4 , p . 1 0 0 5 ).
I t now a p p e a rs th a t th is re p o rt
w a s e r r o n e o u s , a s t i l l s fir m h a d o n l y b e e n g i v e n a n o p t i o n , w h ic h i t l a t e r d e
c id e d n o t t o e x e r c i s e .
L O U G H E E D . A l t a .— D ebenture S a le .— A n I s s u e o f $ 1 ,0 0 0 6 % 1 0 - y e a r
d e b e n tu r e s w a s a w a rd e d to N a y & J a m e s o f R e g in a .
NEW LOANS
BONDS FOR SALE.
NEW LOANS
$ 2 2 , 0 0 0
$44,000
$29,000
TOWN OF SHELBY, MONTANA,
WATER BONDS
N o t i c e is h e r e b y g i v e n b y t h e T o w n C o u n c il o f
t h e T o w n o f S h e l b y , in t h e S t a t e o f M o n t a n a
t h a t t h e W a t e r B o n d s o f s a id T o w n in t h e s u m o f
T w e n ty - tw o
T housand
( $ 2 2 ,0 0 0 00)
D o lla r s ,
b e a r i n g i n t e r e s t a t t h e r a t e o f s ix ( 6 % ) p e r c e n t
p e r a n n u m , in te r e s t p a y a b le s e m i-a n n u a lly o n th e
f ir s t o f J a n u a r y a n d f ir s t o f J u l y in e a c h y e a r ,
w ill b e o f ie r e d fo r s a le a t p u b l ic a u c t i o n t o t h e
b i d d e r o f ie r in g t h e h i g h e s t p r ic e t h e r e f o r a t t h e
C o u n c i! C h a m b e r o f t h e T o w n C o u n c il o f t h e T o w n
o f S h e l b y , in t h e T o w n o f S h e l b y , C o u n t y o f
T e t o n , S t a t e o f M o n ta n a , o n t h e 29TH DAY OF
MAY. A. D. 1912, a t t h e h o u r o f 2 o ’c lo c k p . m .
of th a t d a y .
T h e C o u n c il r e s e r v e s t h e r i g h t t o r e j e c t a ll o r
a n y b id s o r o f ie r s o f p u r c h a s e .
S a id b o n d s a re to b e d a te d J a n u a r y F irs t,
A . D . 1 9 1 2 , a n d Iss u e d in d e n o m i n a t i o n s o f O n e
T h o u s a n d ( $ 1 ,0 0 0 00) D o lla r s e a c h , a n d s h a ll b e
p a y a b l e in t w e n t y y e a r s f r o m t h e d a t e t h e r e o f ,
a n d T w o T h o u s a n d ( $ 2 ,0 0 0 00) D o lla r s t h e r e o f
s h a ll b e r e d e e m a b l e In 5 y e a r s : F i v e T h o u s a n d
( $ 5 ,0 0 0 00) D o lla r s r e d e e m a b l e in 10 y e a r s , a n d
F i v e T h o u s a n d ($ 5 ,0 0 0 00 ) D o lla r s r e d e e m a b l e in
15 y e a r s , a t t h e o p t io n o f t h e T o w n C o u n c il. A ll
t e n d e r s , b id s o r o f ie r s t o p u r c h a s e t o b e a d d r e s s e d
t o F . A . S u l li v a n , M a y o r , a n d a c e r t if i e d c h e c k
f o r n o t le s s t h a n T h r e e H u n d r e d ($ 3 0 0 0 0 ) d o l la r s
t o a c c o m p a n y e a c h b id t o i n s u r e g o o d f a i t h o n
b e h a lf of th e b id d e r.
D a te d a t S h e lb y , M o n ta n a , th is 8 th d a y o f
A p ril, 1912.
B y O r d e r o f t h e T o w n C o u n c il.
I I . F . G U T I I, T o w n C le rk .
$33,000
TOWN
o n A p r i l 10
1137
OF W R A Y , C 0 L 0 . ,
Borough of Glen Ridge, New Jersey, LANCASTER, KENTUCKY,
W t.%
SCHOOL BONDS
WATER BONDS
S e a le d b i d s w ill b e r e c e i v e d b y t h e C o u n c il o f
t h e B o r o u g li o f G le n R i d g e u n t i l 7 o ’c lo c k p . m .
APRIL 29, 1912, a t t h e C o u n c il C h a m b e r In
G le n R i d g e , N . J . , f o r t h e p u r c h a s e o f a ll o r a n y
p a r t o f $ 4 4 ,0 0 0 W a t e r B o n d s o f t h e B o r o u g h o f
G le n R k l g c , N . J . , b e a r i n g I n t e r e s t a t 4 A p e r c e n t
p e r a n n u m p a y a b le s e m i-a n n u a lly . T h e b o n d s
w ill b e d a t e d M a y 1, 1 9 1 2 , a n d w ill m a t u r e M a y 1,
1 9 3 2 , w ill b e c o u p o n in f o r m w ith t h e p r iv i le g e
o f r e g i s t r a t i o n a s t o p r in c i p a l o n l y o r a s t o b o t h
p rin c ip a l a n d I n te r e s t, a t th e o p tio n o f th e
h o ld e r.
B o t h p r i n c i p a l a n d i n t e r e s t w ill b e p a id
in l a w f u l m o n e y o f t h e U n i t e d S t a t e s o f A m e r i c a
a t t h e o f fic e o f t h e B o r o u g h C o l le c t o r , G le n
R id g e , N . J . , a n d , a t th e r e q u e s t o f th e h o ld e r,
p a y m e n t s w ill b e m a d e in N e w Y o r k E x c h a n g e .
B o n d s w ill b e o f t h e d e n o m i n a t i o n o f $ 1 ,0 0 0 e a c h .
T h e b o n d s w ill b e d e li v e r e d t o t h e p u r c h a s e r a t
t h e C o lu m b ia T r u s t C o m p a n y , 135 B ro a d w a y ,
N ew Y o rk , o n M ay 1st o r a s so o n th e r e a fte r as
p o s s ib le .
v v iw iicu
cn ccn
lo r
tw o
p e r
c e n t
oi
m e
p;
v a l u e o f t h e b o n d s b i d f o r , p a y a b l e t o t h e Co
l e c t o r o f t h e B o r o u g h o f G le n R i d g e , N . J . . m u :
a c c o m p a n y e a c h b id .
’
N o b id f o r le s s t h a n p a r a n d a c c r u e d in te r e :
w ill b e c o n s id e r e d .
T h e r i g h t is r e s e r v e d t o r e j e c t a n y o r a ll b i d s .
O n e a c h b o n d w ill b e e n d o r s e d a s t a t e m e n t till
t h e l e g a l i t y o f t h e is s u e lia s b e e n a p p r o v e d b
M e s s r s . H a w k i n s , D e la f ie ld & L o n g f e llo w , w h o :
o p i n io n a n d le g a l p a p e r s a r e file d f o r t h e in s p e c tio
o f th e h o ld e r w ith th e C o lu m b ia T r u s t C o m p a re
a n d a d u p l i c a t e o p i n io n w ill b e f u r n i s h e d t o t i
p u rc h a se r of th e b o n d s.
T h e b o n d s w ill b e p r e p a r e d a n d c e r t if i e d a s t
g e n u in e n e s s b y t h e C o l u m b i a T r u s t C o m p a n y (
N ew Y o rk .
J O H N A . B R O W N , B o r o u g li C le rk
G le n R i d g e , N . J . , A p r i l 1 5 t h , 1 9 1 2 .
WATER WORKS BONDS
B i d s ’ w ill b e r e c e iv e d b y t h e T o w n C le rk o f
W r a y , C o lo r a d o , u n t i l APRIL 20TH, 1912, f o r
t h e p u r c h a s e o f $ 3 5 ,0 0 0 0 0 6% 1 5 - y e a r , 1 0 - y e a r
o p tio n a l, w a te r-w o rk s b o n d s . A c h e c k o f 5 %
c e r t if i e d b y a N a t io n a l B a n k m u s t a c c o m p a n y
e a c li b i d .
N o b id c o n d it i o n a l u p o n t h e l e g a l it y
o f t h e Is s u e w ill b e c o n s id e r e d , a s t h e T o w n w ill
fu rn is h
le g a l
a p p ro v a l.
A ssessed
v a lu a tio n ,
$ 2 2 2 ,1 0 8 4 2 . E s t i m a t e d r e a l v a l u a t i o n , $ 1 ,1 0 0 ,
000 00.
P o p u l a t i o n ( C e n s u s 1 9 1 0 ), 1 ,0 5 0 .
No
o t h e r I n d e b te d n e ss .
S e a le d p r o p o s a l s w a n t e d , w h ic h w ill b e o p e n e d
M AY 1ST, 1912, a t T h e G a rrard B an k & T ru st
C o m p a n y B u i ld i n g In L a n c a s t e r , K e n t u c k y , a t
1 o ’c lo c k p . m .
$ 2 9 ,0 0 0 0 0 L a n c a s t e r G r a d e d C o m m o n S c h o o l
B o n d s 5 s.
I n t e r e s t d u e a n n u a l l y o n t h e f ir s t d a y o f A p r i l .
D e n o m i n a t i o n $ 1 ,0 0 0 , o n e t o b e r e d e e m e d
ea ch y e a r.
A s s e s s e d v a l u a t i o n f o r t a x a t i o n in D i s t r i c t .
$ 1 ,5 0 0 ,0 0 0 0 0 .
N o In d e b te d n e ss of a n y k in d .
E n d o w m e n t f u n d $ 4 5 ,0 0 0 0 0 , w e ll s e c u r e d .
P o p u l a t i o n o f d i s t r i c t a b o u t 2 ,5 0 0 .
P o p u l a t i o n o f L a n c a s t e r , w h ic h is i n c l u d e d in
t h e d i s t r i c t , 1 ,5 0 7 .
L o c a te d o n L . & N . R R . i n c e n t r e o f S t a t e , in
B lu e G ra ss R e g io n .
L a n c a s t e r h a s t h r e e b a n k s , e a c h o f w h ic h h a s
a c a p i t a l o f $ 5 0 ,0 0 0 0 0 .
A g g r e g a t e d e p o s it s in t h r e e b a n k s , $ 4 0 0 ,0 0 0 0 0 .
T w o ( lo u r in g m il ls o f l a r g e c a p a c i t y a n d r u n
d a lly .
O n e f ir s t- c la s s n e w s p a p e r — w e e k l y .
C i ty i n d e b t e d n e s s $ 1 6 ,0 0 0 0 0 , b a la n c e d u e o n
W a te r W o rk s o w n e d b y C ity .
O r ig in a l c o s t o f p r e s e n t b u i ld i n g s a n d g r o u n d s .
$ 2 4 ,0 0 0 0 0 .
G a rra rd C o. o u t of d e b t. A sse sse d v a lu a tio n
p r o p e r t y , $ 5 ,0 0 0 ,0 0 0 0 0 .
J . B . K I N N A I R D , S e c ’t y B o a r d .
L a n c a s te r, K y ., A p ril 11, 1912.
H 0D E N PY L, HARDY & CO.
7 W all S t . , New Y o r k
Railroad, Street Ry., Gas & Elec. Light
SECU R ITIES
BLODGET
& CO.
B O N D S
60 S T A T E S T R E E T , B O S T O N
N A TIO N A L LIGH T,
H
E
A
T &, P O W E R C O M P A N Y
STATE, CITY & RAILROAD BONDS
SO T I N E S T R E E T , N E W
YO RK
GUARANTEED
M U N IC IP A L A N D R A ILR O A D
BONDS
L IS T
O N A P P L IC A T IO N
F. W M. K R A F T
LAWYER.
Specializing in Examination of
S E A S 0 N G 0 0 D & M A Y E R Municipal and Corporation Bonds
Ingalls Building
CINCINNATI
1312 FIRST NATIONAL BANK BLDO..
CHICAGO, ILL.
BONDS
All issues
A . H . B ic k m o re & C o .,
BANKERS
30 Pine S treet,
New Y o r k
| VOL. LXXXXIV
THE CHRONICLE
1138
M A C L I N , S a s k . — L o a n P roposed. — T h i s v i ll a g e Is c o n s id e r in g t h e I s s u
a n c e o f a l o a n o f $ 5 ,5 0 0 f o r v a r i o u s I m p r o v e m e n t s , a c c o r d i n g t o r e p o r t s .
M I R Y C R E E K S C H O O L D I S T R I C T N O . 397, S a s k . — D ebenture S a le .—
O n A p r i l 3 $ 1 ,8 0 0 6 % b u i ld i n g d e b e n t u r e s w e r e a w a r d e d t o t h e W e s t e r n
S c h o o l S u p p l y C o . o f R e g i n a f o r $ 1 ,8 0 5 , m a k i n g t h e p r ic e 1 0 0 .2 7 7 . D a t e
Ju n e 1 1912.
I n t e r e s t a n n u a l l y In N o v e m b e r .
M O O S E J A W , S a s k . — L o a n E lectio n . — A n e le c t io n w ill b e h e ld o n M a y 2 ,
I t Is s t a t e d , t o v o t e o n t h e f o llo w in g b y - la w s : $ 6 0 ,0 0 0 t o I n s t a l l h i g h - p r e s s u r e
s y s t e m , $ 2 5 ,0 0 0 t o I m p r o v e p u b l i c t h o r o u g h f a r e s a n d $ 4 0 ,0 0 0 f o r p u b l ic
p a rk I m p ro v e m e n ts .
N E W D A Y T O N S C H O O L D I S T R I C T ( P . O . N e w D a y t o n ) , A l t a . — Deben
tu res P ro p o sed . — R e p o r t s s t a t e t h a t t h i s d i s t r i c t h a s b e e n a u t h o r i z e d t o
b o r r o w $ 2 ,5 0 0 d e b e n t u r e s .
N E W H A M B U R G , O n t . — L o a n E lectio n .— A b y - l a w p r o v i d i n g f o r a lo a n
o f $ 2 0 ,0 0 0 a s a b o n u s t o a n e w I n d u s t r y t o m a n u f a c t u r e e le c t r i c a l s u p p lie s
w ill b e v o t e d o n b y t h e r a t e p a y e r s . I t Is s t a t e d , a t a n e le c t io n t o b e h e ld
A p ril 29.
N E W L I S K E A R D , O n t . — L o a n E lection P ro p o sed .— A n e le c t io n w ill p r o b
a b l y b e h e l d , i t Is s t a t e d , a t w h ic h t h e r a t e p a y e r s w ill v o t e o n a b y - la w p r o
v i d i n g f o r a l o a n o f $ 1 ,3 5 7 f o r s c h o o l p u r p o s e s .
N E W W E S T M I N S T E R , B . C .— L o a n E le c tio n . — R e p o r t s s t a t e t h a t t h e
f o llo w in g b y - la w s w ill b e s u b m i t t e d t o t h e r a t e p a y e r s o n M a y 1: $ 1 9 ,0 0 0
t o p u r c h a s e s i t e f o r c e m e t e r y , $ 2 0 ,0 0 0 t o e x t e n d e x h i b i t i o n b u i ld i n g s ,
$ 6 ,0 0 0 t o e r e c t b u n k e r s f o r s to w ig e o f c r u s h e d r o c k , s a n d a n d o t h e r m a t e r i a l ,
a n d $ 4 0 ,0 0 0 f o r e x t e n s i o n o f w a t e r - w o r k s .
D ebenture S a le . — R e p o r t s s t a t e t h a t G . A . S t lm s o n & C o . o f T o r o n t o h a v e
p u r c h a s e d $ 3 6 5 ,0 0 0 5 0 - y e a r a n d $ 1 2 9 ,0 0 0 2 0 - y e a r 4 ) 4 % d e b e n t u r e s .
O S A G E . S a s k . — D ebenture S a le . — N a y & J a m e s o f R e g i n a w e r e a w a r d e d
a n Is s u e o f $ 3 ,0 0 0 6 % 1 5 - y r . d e b e n t u r e s .
P O R T A R T H U R , O n t . — L o a n E lectio n P ro p o sed .— T h e r a t e p a y e r s w ill
p r o b a b l y v o t e In t h e n e a r f u t u r e . I t is s t a t e d , o n a b y - la w p r o v i d i n g f o r a
l o a n o f $ 1 0 0 ,0 0 0 f o r a c i t y - h a l l .
P R I N C E A L B E R T S a s k . — D ebentures V o ted . — T h e e le c t io n h e ld M c h . 30
r e s u l te d In f a v o r o f t h e p r o p o s i t i o n t o i s s u e t h e $ 1 0 6 ,5 0 0 4 ) 4 % s id e w a l k
d e b e n t u r e s (V . 9 4 , p . 8 6 8 ) . T h e v o t e w a s 4 0 t o 3 .
D ue 1933. W e a re
a d v is e d t h a t t h e s e s e c u r i ti e s w ill b e s o ld b y t h e c i t y ’s f is c a l a g e n t s , W o o d ,
G u n d y & Co., of T o r o n t o , a t t h e i r d is c r e ti o n .
.
.
..
L o a n E lectio n . — A b y - la w p r o v i d i n g f o r a l o a n o f $ o ,0 0 0 a s a b o n u s t o t h e
Y . W . C . A . w ill b e s u b m i t t e d t o a v o t e , i t is r e p o r t e d , o n M a y 3 .
P R I N C E E D W A R D C O U N T Y ( P . O . P i c t o n ) , O n t . — D ebentures N o t
S o ld . — N o a w a r d w a s m a d e o n A p r i l 10 o f t h e $ 4 0 ,0 0 0 4 ) 4 % 2 0 - I n s t a l l m e n t
ro a d - c o n s tr u c tio n d e b e n tu r e s (V . 9 4 , p . 9 3 6 ).
R O C H E S T E R T O W N S H I P ( C o m b e r ) , O n t . — L o a n E lection P ro p o sed .—
R e p o r t s s t a t e t h a t t h i s t o w n s h i p is c o n t e m p l a t i n g h o ld in g a n e le c t io n t o
v o t e o n a b y - la w p r o v i d i n g f o r a l o a n o f $ 1 ,1 4 0 2 5 t o h e lp I n d r a i n a g e w o r k
RURAL MUNICIPALITY OF KEY WEST NO. 70. Sask.— L o a n P ro
p o sed . — A c c o r d in g t o r e p o r t s . t h i s m u n i c i p a l i t y w ill b o r r o w $ 1 7 ,5 0 0 f o r p e r
m a n e n t Im p ro v e m e n ts .
J . J . L a m b Is S e c .- T r e a s . ( P . O . D a h l n d a ) .
RURAL MUNICIPALITY OF W EYBURN NO. 67. Sask.— L o a n P ro
p o sed . — T h i s m u n i c i p a l i t y h a s b e e n a u t h o r i z e d t o b o r r o w $ 1 0 ,0 0 0 f o r a p u b
lic g e n e r a l h o s p i t a l In W e y b u r n . W . J . B u l ll s Is S e c .- T r e a s . ( P . O . W c y b u rn ).
SELK IR K , Man.— D ebenture O ffe rin g . — P r o p o s a l s w ill b e r e c e l v e d 'u n t l l
12 m . A p r i l 2 9 b y T . P a r t i n g t o n , S e c .- T r e a s . , f o r t h e $ 2 5 ,0 0 0 5 % 2 5 - in s t a l l
m e n t e l e c t r i c - l i g h t d e b e n t u r e s v o t e d D e c . 19 1 9 1 1 ( V . 9 3 , p . 1 8 0 8 ) . —gaj
SHOAL LAKE. Alan.— D ebenture E lectio n . — A
$ 6 ,0 0 0 5 % 2 0 - y e a r s c h o o l d e b e n t u r e s w ill b e s u b m i t t e d
o n A p ril 2 2 .
STRATFORD, Ont.— L o a n E lectio n P ro p o sed . — A n
I t i s s t a t e d , t o v o t e o n a b y - la w p r o v i d i n g f o r a l o a n
T h r e s h e r C o . t o e r e c t a f a c t o r y t o c o s t $ 6 0 ,0 0 0 .
p r o p o s i t io n t o Is s u e
t o a v o t e , I t Is s t a t e d ,
e le c t io n w ill b e h e l d .
t o a i d t h e M c D o n a ld
SU D BU R Y. Ont. — D ebenture S a le . — I t is r e p o r t e d t h a t t h e $ 1 6 ,0 0 0 f lr e d e p t . , $ 1 5 ,0 0 0 p o w e r - h o u s e , $ 5 0 ,0 0 0 s t r e e t - i m p t . , $ 1 5 ,0 0 0 w a t e r - w o r k s
a n d $ 5 0 ,0 0 0 s e w e r 5 % d e b e n t u r e s o f f e r e d o n M a rc h 1 (V . 9 4 , p . 5 8 2 ) h a v e
b e e n p u r c h a s e d b y t h e T r a d e r s ’ B a n k o f C a n a d a In T o r o n t o .
1
SWIFT CURRENT, Sask.— L o a n V o te d — A f a v o r a b l e v o t e w a s c a s t r e
c e n t l y , i t Is s t a t e d , o n a b y - la w p r o v i d i n g f o r a l o a n o f $ 1 5 ,0 0 0 f o r g o o d r o a d s .
TILBURY, Ont. D ebenture S a le .— O n A p r i l 5 t h e $ 5 ,0 0 0 5 % 1 0 - ln s t a l l m e n t d e b e n t u r e s ( V . 9 4 , p . 8 6 8 ) w e r e a w a r d e d t o J . H o p p e r o f C o a t s w o r th
a t p a r a n d I n te r e s t.
O t h e r b i d s fo llo w :
W . A . M a c k e n z ie & C o ., T o r . . $ 4 ,9 5 3 G o l d m a n & C o ., T o r o n t o -------$ 4 ,9 0 5
C . H . B u r g e s s & C o ., T o r o n t o . 4 ,9 5 2 W . L . M c K i n n o n & C o ., T o r . . 4 ,9 0 4
G e o . A . S t lm s o n & C o ., T o r . . 4 ,9 5 1 W o o d , G u n d y & C o ., T o r o n t o . 4 ,9 0 2
B r e n t , N o x o n & C o ., T o r o n t o . 4 ,9 3 3 N a t . F i n a n c e C o ., L t d . , T o r . . 4 ,8 7 8
O n t a r i o S e c u r . C o ., L t d . , T o r . 4 ,9 0 7 R . C . M a tt h e w s & C o ., T o r — 4 ,8 5 0
WEBBWOOD, Ont. — D ebenture O ffe rin g . — P r o p o s a l s w ill b e r e c e i v e d
u n t i l M a y 3 b y T . B r l n s m e a d , T o w n C l e r k , f o r $ 5 ,0 0 4 4 6 5 % 10 - i n s t a l l m e n t
w a lk d e b e n tu r e s .
WESTON, Ont.— L o a n E lectio n . — A v o t e w ill b e t a k e n o n M a y 8 , r e p o r t s
s t a t e , o n a b y - la w p r o v id i n g f o r a l o a n o f $ 4 0 ,0 0 0 t o c o n s t r u c t t r u n k s e w e r s .
W ETASKIW IN, Alta. — L o a n s V o ted . — A t a r e c e n t e le c t io n t h e r a t e p a y
e r s v o t e d In f a v o r , I t Is s t a t e d , o f b y - la w s p r o v id i n g f o r l o a n s a g g r e g a t i n g
$ 3 9 ,0 0 0 f o r e l e c t r i c - l i g h t a n d w a t e r - w o r k s s y s t e m s .
W INNIPEG, Alan.— L o a n E lectio n P ro p o sed . — I t is r e p o r t e d t h a t a b y
l a w p r o v i d i n g f o r a l o a n o f $ 2 ,0 0 0 ,0 0 0 f o r t h e e x t e n s i o n o f t h e h y d r o - e l e c t r i c
s y s te m w ill p r o b a b l y b e s u b m i t t e d t o t h e r a t e p a y e r s .
YORKTON, Sask. — D ebenture O ffe rin g , — P r o p o s a l s w ill b e r e c e i v e d u n t i l
M a y 10 b y C . J . M a c f a r ll n c , S e c .- T r e a s . , f o r $ 6 0 ,0 0 0 5 % 2 0 - I n s t a l l m e n t
sc h o o l d e b e n tu re s .
MISCELLANEOUS.
MISCELLANEOUS.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
N ew
Y o rk , J a n u a r y
23d,
1 9 12.
The Trustees, in conformity with the Charter of the Company, subm it the following statement of its affairs on the
31s< of December, 1 911.
.
,
.
The Company’s business has been confined to m arine and inland transportation insurance.
P r e m iu m s o n s u c h ris k s fro m t h e 1 st J a n u a r y , 1911, to t h e 3 1 s t D e c e m b e r, 191 1................................... $ 3 ,6 53,325 18
P re m iu m s o n P o lic ie s n o t m a rk e d oft 1 s t J a n u a r y , 1 9 1 1 .......................................................................................
tu o .m o o t
.$ 4 ,5 2 7 ,0 0 5 55
T o t a l P r e m iu m s .
P re m iu m s m a rk e d off fro m J a n u a r y 1 st, 1911, to D e c e m b e r 3 1 s t, 191 1 ........................................................$3 ,7 7 3 ,5 7 8 22
I n t e r e s t o n t h e In v e s tm e n ts of t h e C o m p a n y receiv ed d u rin g th e y e a r ------5333,897 03
I n te r e s t o n D e p o s its in B a n k s a n d T r u s t C o m p a n ie s, e t c .................................. 39 ,6 2 8 24
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E x p e n s e s, in c lu d in g o ffic ers’ sa la rie s a n d c le rk s ’ c o m p e n s a tio n , s ta tio n e r y , a d v e rtis e
m e n ts , e t c -------------------------------------------------------------------------------------------------------- -------5 7 0 .4 7 2 18
a c tu a lly s ta r in g y o u in th e fa c e .
A d iv id e n d o f i n te r e s t o f Six p e r c e n t o n t h e o u ts ta n d in g c e rtific a te s o f p ro fits w ill b e p a id to t h e h o ld ers
th e r e o f, o r t h e ir leg a l r e p r e s e n ta tiv e s , o n a n d a fte r T u e s d a y th e s ix th o f F e b ru a ry n e x t
T h e o u ts ta n d in g c e rtific a te s o f th e issu e of 1906 will b e red eem ed a n d p a id to th e h o ld e rs th e re o f, o r th e ir
legal r e p r e s e n ta tiv e s , on a n d a f te r T u e s d a y th e s ix th of F e b ru a ry n e x t, fro m w h ic h d a te a ll in te r e s t th ere o n
w ill ce ase . T h e c e rtific a te s to b e p ro d u ce d a t th e tim e of p a y m e n t a n d c a n ce le d .
A d iv id e n d o f F o rty p e r c e n t is d e c la re d o n t h e e a rn e d p rem iu m s of t h e C o m p a n y fo r t h e y e a r e n d in g 31st
D e c e m b e r, 1911, w h ic h a re e n title d to p a rtic ip a te In d iv id e n d , fo r w h ic h , u p o n a p p lic a tio n , c e rtific a te s w ill be
Issued on a n d a f te r T u e s d a y t h e s e v e n th of M ay n e x t.
c t in t o v n a v n l m i w s
B y o rd e r of th e B o a rd ,
<5. STANTON F L O Y D -JO N E S , S e c re ta ry .
th e o p e r a to r g o es a lo n g , w ith o u t a n y
W rite s a n d a d d s o r s u b tr a c ts a s
TRU STEES.
F R A N C IS M . B A C O N ,
JO H N N . BE A C H ,
E R N E S T G. B L IS S ,
VERNON H. BROW N,
W ALDRON P. BROW N,
J O H N C L A F L IN
G E O R G E G. C L A R K ,
C L E V E L A N D II. D O D G E,
C O R N E L IU S E L D E ltT ,
R IC H A R D H . E W A R T ,
P H IL I P A . S . F R A N K L IN ,
CHARLES M. PR A TT,
H E R B E R T L . G R IG G S ,
DA LLA S B . P R A T T ,
C L E M E N T A . G R IS C O M ,
G E O R G E W . C JU IN T A R D ,
A N SO N W . H A R D ,
AN TO N A . R A V E N ,
TH OM AS H . H U B B A R D ,
JO H N J . R IK E R ,
L E W I S CA SS L E D Y A R O ,
D O U G L A S R O B IN S O N ,
C H A R I.ES D . L E V E R I C H ,
G U ST A V H . S C H W A B ,
LEA N D ER N . LOVELL,
W IL L IA M S L O A N E ,
G E O R G E I I . M AC Y,
L O U IS S T E R N ,
C H A R I.E S H . M A R S H A L L ,
W IL L IA M A . S T R E E T ,
N IC H O L A S F . P A L M E R ,
GEORGE E . TU RNU KE.
H E N R Y P A R IS H ,
AD OLF PA V EN STED T,
A . A. R A V E N , President.
C O R N E i.l U S E I .D E R T , Vice-President.
W A L T E R W O O D P A R S O N S . 2d Vice-President.
C H A R L E S E . F A Y , 3d Vice-President.
J O H N I I . J O N E S S T E W A R T , 4th Vice-President.
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MANILA, SISAL AND JUTE
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65 Wall Street
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T h u s lea v in g a b a la n c e o f ..................................................................................................................................................... 52
A c c ru e d I n te r e s t o n B o n d s o n t h e 3 1 s t d a y of D e c e m b e r, 1911, a m o u n te d t o --------------------------------R e n ts d u e o n th e 3 1 s t d a y of D e c e m b e r, 1911, a m o u n te d t o ............... ..................................... ................ - - - lte - in s u r a n c e d u e o r a c c ru e d , in c o m p a n ie s a u th o riz e d In N ew Y o rk , o n t h e 3 1 st d a y o f D e c e m b e r,
1911, a m o u n te d t o ............................. - .......................................... - .............................. - ........... - ...................................
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c e e d e d t h e C o m p a n y ’s v a lu a tio n b y ................. - ........................................................................................................
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$41,878 80
21 ,9 7 0 46
214,367 00
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450,573 96
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U n ite d S t a te s a n d S t a te o f N e w Y o rk
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N e w Y ork C ity a n d N ew Y o rk T r u s t C o.
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C o m p a n ie s ......................................................
R e a l E s ta te c o r. W a ll a n d W illia m S tre e ts
a n d E x c h a n g e P la c e , c o n ta in in g offices
R e a l E s t a t e on S t a te n Isla n d (h eld u n d e r
p ro v isio n s o f C h a p te r 4 8 1 ,L aw s o f 1887)
P re m iu m N o te s ------------- ---------- - ............. B ills R e c e iv a b le ................................................
C a s h in h a n d s of E u r o p e a n B a n k e rs to
p a y lo sse s u n d e r p o lic ies p a y a b le in
fo reign c o u n tr ie s ......................................... C a sh In B a n k ________________ __________
N ew Y o rk C ity R e v e n u e B o n d s ..................
p a rt.
The
F in a n c ia l R ev iew
1912 ISSUE
A Year-book of Financial Information.
Five-Year Monthly Range of Prices of
Stocks and Bonds.
Bound in cloth—Two Dollars.
Commercial & Financial Chronicle,
@FedFRASER