The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
w.
Kl
1.
INCLUDING
and City Section (semi- Annually)
Street Railway Section (^^laSrO
State
(Monthly)
Bank and Quotation Section
(Quarterly)
Railway and Industrial Section
''"'^'^l^^'.^^^^^pgr
VOL.
,
i5.
t>o»t
entered sH
of Librarian of Congress,
s
r^
Daka Ooi^ant. in tbeomo^o^J^a
i9Ut>. oy wilu^
..ae
m we year 1906, Dy nVii,ixoi_B._Da n^«-o irr in \\\A otHoo
Yorfc. a^ Heoond-claas mattei--WigJAMB^J>AKAOoM*^
OoQsrreH*.
H,.. r^ Aot or ooQsrreH*.
to A„t.
.iuierea
1
.
SATURDAY, APRIL
21,
Clearings at
©IxramcXc.
lerms
Week ending April
I
..
163.778.254
8.002.400
3.119.043
2,300.056
1.984.051
1.753.235
1,752,596
887,405
475,000
599.573
429.765
Boston
Providence
Hartford
6 00
New Haven
Springfield-
Worcester
Portland _
Fall River
Lowell
New Bedford
-
Holyoke
Subscription includes loUowing Sections—
Total
New Eng.
185.081.378
216,662.3111
26,851,050
16.885.269
13.009.892
8.921,551
6,621,512
5,518,000
4,271,272
2.450.000
2.238.422
2.144.693
1.637.931
Chicago
ol
Advertisiu?— Per Inch Space
agate
Tra..ient matter per inch s^paceuji^
"-X--,::::::::::::::::::
times)
^» ""
„ ^ \ Three Months (13 tunes)
oO 00
(26
etandlnit Business Cards ( gj^ Months
»' ""
times)
Twelve Months {62
1
(
TeDHarrlson 4012
OHIOAGO OFFIOB-P. Bartiett. 613 Monadnock Block:
E. O.
LONDON OFFIOE-Bd-wards & smith. Drapers' Gardens.
WILLIAITI B. DANA COMPANY, Fubllsher.,
Cincinnati
Cleveland
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
Dayton
Kvansvlile
1
Ploe Street. Corner
PfMt
„
ol
I11--
Springfield.
Canton
Kalamazoo
Youngstown
Akron
NEW YORK.
_^___________
«-«
„
Box ».">».
Office
Lexington
Pearl Street.
Fort
Wayne
Rockford
—
O.-Bloomington
Quincy
CLEARING HOUSE RETURNS.
Springfield.
telegraph, &c indicates Decatur
Mansfield
The following table,
the clearing houses of the Jacksonville. Illthat the total bank clearings of all
-071, South Bend --have been $3
Jackson -i
United States for the week ending to-day
Ann Arbor
last week and $2,868,980,4^^
823,225, against $3,093,369,958
Tot.Mid.West
week last yeai\
the corresponding
made up by
—
—
xr«™ v^r
New York
Boston
.
Baltimore
Chieapo
St. Louis
New Orleans
Total
178.598.304
49.559.834
1/. 101. 617
--
Total
5 days
day-i ----:::::"-:"--
all cities
.$2,318,000,037
$2,214,624,352
356.929.127
forweek---
285,789.924
$2,603,789,961
265.190.471
.$2,571,553,479
all cities.
1
$1,817,015,773
119.348.720
99.606.165
16 334.444
198.219.092
53.570.233
13.905.610
2.3.069.695
- -
Seven cities 5 days
Other cities. 5 days
All cities.
Cent.
$1,685,418,281
128,304.646
129.571.9/5
---
Philadelphia
1905.
1906.
Clcarlngs-^Kelurti& by Telegraph
Week ending April 21.
566;269:746
-i
----
$3,071,823 225
Per
I
$2,868,980,432
—7.3
,
1905
is
6.4%.
_
Portland
. -
Lake City...
Spokane
Salt
+ 7.5
+ 30.1 Tacoma
+ 41.2 Helena
Fargo
—9.9
—7.5
Sioux Falls
—4.4
Kansas City
+ 22.9
Total Pacific-
—
+ 24.9 Minneapolis
Omaha
~^1.2
+ 88.6
~ + 7.1
be
the week covered by the above will
Saturday. We cannot furnish them to-day,
given next
houses at noon on
clearings being made up by the clearing
week
and hence in the above the last day of the
Saturday,
we go to press Friday night
has to be in all cases estimated as
We present below our usual detailed figures for the previous
with Saturweek, covering the returns for the period ending
corresponding
April 14, and the results for the
day noon,
Contrasted
week in 1905, 1904 and 1903 are also given.
country shows
the week of 1905 the total for the whole
with
increase over
a gain of 0.8%. Outside of New York the
full details for
The
San Francisco
Los Angeles,
Seattle
St. Paul
Denver
St. Joseph
Des Moines
Sioux City
Wichita -
-
Topeka
Davenport
Colorado Springs
Cedar Rapids
Pueblo
Fremont
Tot. oth.We.st
St. Louis
New
Orleans
Atlanta _
Nashville
Norfolk
Fort Worth
Birmingham
Little
—
Philadelphia--.
Pittsburgh
Baltimore
Buffalo-Wa.shlngton ...
Albany
Rochester
Scranton
Syracuse
WllmlnKton.-.
Readme
Wilkes-Barre
.
7,692,279
5,897.843
5.291.836
3.833.680
1,848.442
1.623,062
1,340.048:
1,627,815'
1,215,4701
.568,907
.557,176
HTlC
Chester
Bingham ton
Franklin
25, .508, 878:
1,079,759
Wheeling
Oreensburg
45,124,541
—
-
547.800
501.928
210,000
Total Middle.. 2,282. 428.872
570,0451
450,000!
220.6481
75.388,580,
59,586.3821
15.712.003
1,822,49.8
1,944,564
1,291,17.S
Rock
..'- -
Macon
Columbus. Ga-Moblle
2,044,054,04fi'2.082, 178,320
129,449,758
133 904,2621
90,396,446
23.981.957
14.397.539
9.305.434
6.383,952
6,590,335
5,026.774
2.800,000
1.803.465
1.057.285
894.627
1.211.283
695,236
6,577,000;
5,786,3471
4.683,967]
4.334,182,
4,598,656
4,578,482'
2,288,019
2,950.945
Chattanooga
-
315.686.732
43.989.807
14,153.131
9,698.017
5,737,043
6.744.470
4.630.579
3,816.875
743,651
506.389
375.484
9,811,925
Richmond
Memphis
Savannah
+ 3.0
1,197,478
1,508,649
1,452.844
1,232,421
562,320
130,638,14S|
6,697,700
2,965.878
1.985,924
1,771,S44
1.050,734
1.436.470
+ 5.5
— 10.5
+ 4.91
+ 15.3
+ 11.7
+ 1.5
+ 13.sl
+ 13.6
880.945
485.830
547,426
448.074
—25.3
—6.0
179,874.242
192,088,180
25.092,850
16,459,636
11.319.811
8,198,779
6,631,303
5,451,900
4.074,484
2.579.210
2.172.052
2.057.881
1.566.811
815.639
833.103
660.476
810.908
610.938
644,400
704,136
557,523
349.479
371.034
352,939
291.035
466.250
259,815
352,693
232.066
130.029
Houston
Jacksonville
Ncw Vopk
1,726,992
779.561
549.809
802.481
457.400
Galveston
Knoxville
Charleston
1906.
753.688
799,425
527.213
859.236
685.157
523.200
773.166
541.261
385.688
393,256
520.277
315.747
409.151
242.086
359,812
272.494
143.972
1,720,270,
1.570,297
12. 106, .353
Louisville
Augusta
Clearings at-
159,004,803
7,582.800
3,486,187
2,193,642
+ 2.9
+ 12.8
—7.0
+ 2.6
+ 14.9
+ 8.8
—0.1
+ 1.2
.9.531.923
5,207,955
4,609.804
3.158.646
3,162.228
3,148.707
547.343
528.789
407.541
73.723.801
24,304.792
+4.r
—5.0
+ 3.0
+ 2.8
+ 4.5
1.240.6261
916.827;
712,482;
—7.6
—4.0
—20.2
672,003
905,332
621.652
560.700
+ 6.0
+ 12.1
—18.8
+9.8
—2.9
'208.6651
—6.8
3,749,53;
3,076,809
1.693,505
2,794.441
1,550,275
1,481,341
128,290
1
l! 20.3, 998
1,253,148
1,213,746
968.137
527.000
255 22.3
.361,937
1,304,0,58 Not included
'l'77".629
92,126!
78.390
252.833.533
28.564,170
7,094.754
3.845.399
4.002,338
2,620,717
2.258.208
+ 1.3
+ 48.5
+ 86.2
+ 24.5
+ 113.5
+ 46.4
+ 21.2
+ 35.9
—4.2
—7
+ 22.6
3,214.61i'
475,849
436,166
344,233
357,622
218,460
238,870
200.715
474,800j
+ 2.0
+ 17.4
+ 10.7
75.557.355
62.706.002
17.210.449
11.773.978
6,357,058
4,873,500
5,310,366
5,301,959
691,780
638,197
864.000
429,109
— 12.2
8,184.069
6.201.534
6,684.128
4.697.949
2.825.091
1,800.740
1.210.924
1.070.485
998,440
057,663
617,738
451.009
173.274
168.243.697
172,940,757
24,820,600
17.850.174
10,607.119
7.255,151
5,60/,321
4,666,900
3,605.609
2.784.199
1.759.439
1.840.576
1,421.200
577,573
672,249
548,624
331,754'
310,104]
238.3171
200,0121
179,533
+ 10.4
+ 6.0
+ 47.4
+ 8.5
15.679, .519
147,944.444
7,465,600
3,036,3/3
1,931,158
1.852,412
1,773,335
1,543,844
965,922
482,074
781,136
467,399
148,908,973
167,911.5061
24.418,750
14,766,884
10.168,552
7.213,771
6.047,445
4.914,100
3,409,856
2,191.077
1.858,277
1.832,428
286.135.360 ~+l(L3
43.420.865
1903.
1904.
Dec.
$
Subscription-Payable in Adrance
14.
Inc. or
1905.
1906.
For OBe linear
For Sii Months
Terms
NO. 2130
1906.
—
PUBLISHED WEEKLY.
ot
^ ^
QiBce^J^
82.
'^Ixe
Wasinngton, D. C
^.^^ ^^
^^^^^
261.678.912
30.705.398
6.272,135
3,655,497
3.457.024
2.819.411
2.401.784
1.870.893
725.086
413.553
279.114
1,909.491
581,773
411.373
277.272
51.565.495
-1.3
—8.2
20.864.287'
12.300.114i
7.621.2841
5.477.596,
4.278.799
4.569.321
2.093.874,
1.040.721'
1.029.4501
939.7261
924.380i
+ 13.7
+ 2.9
—1.4
+ 7.0
—0.9
+0.2
—12.7
— 16.4
+ 21.3
+ 5.7
663.86-2
—7.7
—0.2
52,599.895
23.440.241
13.078.030
8,681,781
6,893,020
4.410,291
5,360.043
2.265,816
1.518,057
876.078
1,222,365
811.921
513.454
479.7031
+ 27.3
127.810
137.274
—0.2
—5.0
—8.7
62.410.933
54,656,878
69.208,.371
+ 2.81
+ 54.3
+ 35.0
+ 9.0
— 11.6
+ 34.8
+ 22.6
+ 48.8
+ 35.1
+ 5.6
+ 17.5
+ 31.3
14.4
—0.5
+ 20.4
+ 19.7
+ 27.
+ 6.7
.3
+ 41.8
16,922,052,
11,317,953'
5,792.2181
3,985,000'
4,729,0451
4,669,85:'
2.706,604
3.313,4241
3.133,07;
1.614.233
2.027.176
1.146,660
843.592
1,299,238
1.067,102
940.nO'Nl
59,167,825
15.517,237
10,964,522
6.694,579
3.478,000
3,711,242
4.109.924
3.951,871
2. 7-16. 749
.'.S6,S.477
1,757,647
1.500,840
288,154
1
1.248,454
1
1.59.608
981.954
1,113,513
884,31!*
851. 5101
396,540
1,304.000
215,305
649.000
122,419.366
1,979,086,890
123.128,881
,354,943.345
836.883.784
908.869.227
.323.045
in total
20,329.441
15,864.359
4.805.335
2.193.089
1.579.861
1.278.967
1.318.195
1.127.7,371
14,390.6.53
14..800,369
3, 459, .508
1,532..55
1,798,124
1.158.276
999.,597
1.064,7.58
770.0781
751,417
853,226
382,511
51.145.689
40.237.763
946.007,
932.628
THE CHRONICLE.
892
[Vol. Lxxxii.
encouragement in such thoughts,
and that those classes are just
now being rapidly recruited by immigration and so
classes readily find
THE FINANCIAL SITUATION.
as leading to socialism,
The calamity which has befallen the beautiful city
is in some respects unprecedented in
constantly diluting the average conservative character
this country.
At this writing scarcely anything seems
of our 84 millions of people
while we are aware of all
to have been saved within the city limits.
The earththat, history has so many times encouraged perfect
quake was extremely destructive; but what, the earthtrust in the mixing, blending and amalgamating
quake left the fires which started in so many places
process, as it is at work in this broad country, that we
have appeared to wipe out; then what the fires loft,
cast ofT all fear of the misguided elements.
Even
the dynamite and powder have made dust of altothose who are flocking to us from all countries now
gether, therefore, when rebuilding starts, it will have
are in good part coming for their own betterment and
to be almost a new creation.
The ground where very
are moving with little delay to our least occupied
nearly all the grand buildings stood will be bare.
lands, and will soon be at work in producing individual
The surroundings, too, differ from the Chicago situwealth and thus becoming strong repudiators of all
of San Francisco
—
—
fire was, as it were, an actual
most favorable period in the history
of the city's growth.
The buildings burned were in
considerable number not desirable as a permanency
and their removal was a further good as it permitted
changes in the streets, &c., which were very needful.
Of course the fire was a great loss to individuals, but
to the city it opened a way for an advance which was
quickly seized by its enterprising citizens, and the new
cit}^ now shows the good judgment used in improving
the opportunity which was presented.
The San Francisco loss scarcely leaves a redeeming
feature which can be called a benefit.
It will be rebuilt quickly, for the whole State was proud of its
chief seaport with its grand and unequaled harbor,
and the dwellers in the city are just the people to tackle
a tough job. They will do what they can to turn the
disaster into a benefit; but the difficulty in that endeavor will not be allowed to discourage the best
ation in that the Chicago
benefit;
it
came
at a
Of course many stop in the larger
and are a source of anxiety there. But even with
regard to them, it is to be remembered that so far as
they do not readily become good citizens, the}" can be
better handled where well-organized municipal governments exist to restrain the disorderly.
We cannot speak here at any length of the inherent
weakness of these suggestions as a moral, legal and
economic proposition. The idea of cultivating national
envy by holding up to scorn and disrepute the accumulation of wealth, a general and most prominent stimulant to human activity, seems hardly wise to the ordinary business man. It is no doubt a chief stimulant
to the best work the race is doing and must continue
to be.
Moreover unless the idea of accumulation is
closely connected with one's work, and carefully
studied, the industry engaged in, whatever it may be,
cannot be successful
Economy and sayings are the
confiscation ideas.
cities
.
.
first
A
essentials to
worse trouble to contend with will be the
people have no use at
fear of another earthquake.
That will not prove much
history is a short one.
of a discouragement to capital, for there are so many
efforts.
attractive features to the situation the city has occupied that it will wear away speedily. One change no
up
of that class.
Many
a prosperous undertaking.
Dun's
Keep
idea of accumulation
for a balance sheet.
all
is
it
in
'
list of failures is
mind
Th^ir
made
therefore that the
the corner-stone of success.
A man may be the most industrious and the most inbe introduced; that is in
genious of his neighbors; as soon as he stops accumuarranging the city water system; it will be so done that
lating his industry begins to fail
It is consequently this
if there should be another earthquake no contingency
essential stimulant to all industry that the President
can cut off the water supply. This lack of water was
proposes to take away from every successful man after
what did the most harm, and that lack we may be sure
his accumulations have reached a certain sum Remei'nthe city will never suffer from again., The whole
ber too that this deprivation extends to and includes
country will grieve over the destruction which has
all those workers who have made a going concern of the
taken place and will feel deep sympathy with the peoindustry they may be engaged in every one of them
ple in the severe setback which has overtaken them
and sincere desire for the city's speedy recovery of its is to have this stimulus for work cut off as soon as
his accumulations have reached a fixed limit.
If he
old influence and success.
works after that, when he dies the profit must go
doubt
in building again will
.
.
—
President Roosevelt's somewhat startling announce- to and can be onl}- for the benefit of the tax gatherer.
as to Federal control of great fortunes has in it
As the proposal stands, therefore, it is not the idlers
an air of such unusual audacity and extreme radicalism but the class on top those who were foremost in every
ment
many
—
—
when spoken. There walk of life whose business activities would be cut
was some justification for the opinion, as the same au- short. What in that case would be left? Merely a nathority has heretofore on occasions thrown out por- tion of pygmies.
What then would become of our
that
took
it
as a half joke
tentous suggestions seemingly to elicit criticism, and boasted progress? We can reach a fair idea of the
subsequently so far modified the views expressed as to situation if we suppose when each man reached the
be hardly recognizable. Later announcements from legal limit that is, the dead line the law enacted
Washington assert that the sentiments so recently put that every one should have his legs cut off at the knees.
forth were entirely serious.
We still doubt, however, It may be claimed that our proposal is absurd; and so
—
whether they
meant
as they have been widely
But
—
no more absurd and no more disabling
to the industrial class and no more harmful to indusIf they must be so understood their general influ- trial progress than the proposal the President has
ence cannot fail to be highly mischievous. We do not made.
mean that such utterances, even coming from our
highest officials, will lead to the decided multiplication
The effort of our ingenious Secretary of the Treasury
of anarchists.
While we are aware that the ignorant to increase gold imports into New York is assumed to
interpreted.
Avere
it is.
it is
APR. 21
THE CHRONICLE.
1906.]
893
have
gold to pay quite a bonus for the metal
of gold as
if it
above interest
been successfully accomplished, nine millions
a result of his device having been engaged in London under the arrangement and being
now on its way to New York. This transaction, as
stated, would seem to be somewhat of a marvel,
making
look at it, it is very like
for, as we
water run uphill; that is, a movement has been com-
and the very large losses foreign insurance companies have incvu'red on that account and will have to pay out in this country may perhaps of itself reverse the trade balance and leave it in
favor of the United States. That depends upon how
municated to gold contrary to the natural current of
trade and financial affairs; the method pursued by
which this end has been accomplished was simply the
payment of the amount of the loss to the American importer of the interest on the money while in transit
United States securities in our market. Unless the
trade balance should be reversed on that account, we
look for a return to Europe not long hence of the gold
we have so recently obtained from London.
was necessary.
The San Francisco
the
money IS
paid.
fii'e
Possibly
may
it
lead to large sales
of
through the deposit by the Government of the gold to
It]will be noted in what we have said above that one
be imported. That this was no marvel but a wholly
legitimate operation is assumed to be proved by the of the most important factors entering into calculations
assertion that the Secretary has only done what the for the determination of international gold movements
Bank of France has often done to attract to its vaults a is the time cost that is, the interest on the metal while
it is in transit in the case of exports, and the interest on
gold movement in progress from America to Europe.
As we look at Mr. Shaw's operation, and as we under- the money disbursed for the purchase of the reimburs-
—
stand a like end reached several times by the Bank of ing bill in the case of imports. In the former instance,
France, we should say they were totally dissimilar in when gold is in urgent request abroad, the metal is
character.
The only point
of
similarity, indeed,
is
that in both cases the trade situation and the gold ten-
dency favored a gold movement to Europe; all that the
Bank of France sought to accomplish by allowance of
interest was to deflect a wholly natural movement to
Europe already under way, so that the destination of
the metal, instead of being to London or Berlin, was
turned to the Bank of France. Mr. Shaw had a trade sitution and a consequent gold tendency to contend with,
and he has secured the gold and brought it to New York
in the face of the fact that in doing so he had wind, tide
and current all tending the other way, but overcame
these various adverse tendencies by simply paying
the loss of interest to the importing bank.
We see no
explanation for this transaction other than the contention that the balance of trade was, at the
when
moment
sometimes sought to be attracted by offering a premium
thereupon either in the form of a higher price for the
gold, as in London, or the allowance of interest while
Importers have
the gold is in transit, as in Paris.
heretofore included this item of time cost in their computations of the rate for exchange at which gold might
be profitably imported, such time cost being based
upon the current rate for money on call. In recent
importations, however, and especially in those which
have been effected by the national bank which has
been the chief importer, the gold as has been stated
in this article for some weeks
has been counted as
part of the reserve of the importing bank while it was
In this way the item of timein transit to New York.
cost has been offset by making the gold available to the
importing bank as reserve for loans in the money mar-
—
—
arrangement was put in force, in favor of the ket until its arrival at this port.
United States and hence that the tendency of the gold
Last week the Secretary of the Treasury put into exemovement was also in that direction; furthermore, cution the plan referred to above, by which the timethat gold imports into the United States had been cost on importations of gold by national banks could
averted by artificial means, an affair accomplished by be offset through the direct intervention of the Departsome special adverse action by European banks, singly ment. He arranged that hereafter national banking
or in combination, and that he only overcame this institutions could bring gold from Europe, through
artificial arrangement.
their exchange departments, by securing Government
This position seems to be against the facts. Our deposits onjpledges of other than Government bonds of
merchandise trade balance has been more than offset, the same class of securities as those that are accepted
first, by the re-purchase of our stocks at speculative by New York savings banks
in sums equal to 110% of
prices, by large sales of new issues of bonds and by our the value of the gold then engaged for import or which
continued borrowings in Europe on finance bills, which might be secured, the deposit so effected to be returned
have been such a prominent feature of past months. to the Treasury upon the arrival of the gold from
This adverse situation has also been clearly indicated Europe. In this manner the Secretary advanced to the
by foreign exchange rates. Such rates arc based on the importing bank public funds which were made directly
state of credit balances and are an expression of their available by that institution without making necessary
condition most strongly affirmed under the high prices the resort by it to the device of counting its gold imfor money which have ruled here, and which should portation while in transit as part of its reserve.
and would have induced free receipts of gold at New
York from Europe had not our borrowings been already
The week has been marked by a great activity on
excessive.
The reason Mr. Shaw's plan met so large the part of the authorities at Washington. Some of
a measure of success was chiefly because it was sprung the happenings have already been commented upon
upon the public without notice and at a time when the above, but the list is an extensive one and it will be
Easter holidays were a concurrent event. If a ten-day interesting and perhaps instructive to pass them
notice of the transaction had been given, it is question- briefly in review.
Saturday morning last the public
able whether the exchanges would not have adjusted was made acquainted with Secretary Shaw's plan for
themselves to this cut in the ordinary expense of trans- facilitating gold imports, the plan having then, howferring gold to New York
It is a further fact that the ever, been already in effect for two days.
In the afterway the affair was managed enabled the importer of noon President Roosevelt delivered his speech on the
this
—
—
,
,
•
.
THE CHRONICLE.
894
"Man
with the
Muck Rake."
I
Vol. lxxxii.
This speecli had been to paying only 3^ of 1% each three months.
From
this low basis the advances have been gradual.
At
delivered on a previous occasion, but then attracted
no attention. This time it was well advertised beforehand, and to make it additionally attractive the JVesident incorporated therein his argument in favor of
placing a limit on large fortunes.
Sunday was a day
of rest, as ordained by the Divine Law.
But with the
opening of the secular week the strenuous life was resumed. First there came the announcement by At-
first
there was
1%.
an increase
in
the quarterly j)ayment to
This was in February
there was
an
increa.se to
of distribution
5%.
1
last
August
In
rate
In February the pre.sent year
was another increa.se. this time to 1}^% placing
the stock on a 6% basis.
Now in addition to the 1}/^%
an extra payment of }4% is decreed for May, making
torney-General Moody that Charles E. Hughes, who ^H% altogether, which is the equivalent of 7V< per
had conducted last year's insurance investigation for year.
the Armstrong Committee, had, together with AlexWe have stated that this action is mainly important
ander Simpson Jr. of the Pennsylvania bar, been as furnishing an indication of the prosperity of the co})retained as special counsel by the Attorney-General per trade, and in this necessarily all the copper pro"to take under consideration all the facts now known ducers, large and small, must share. The consumpor which can be ascertained relating to the transporta- tion of copper is evidently being maintained on a very
tion and sale of coal in inter-State commerce."
To large basis. There have been repeated predictions
this was added the expression of a belief that suf- within the last twelve months of a coming collapse,
ficient evidence had been developed in the investiga- a collapse involving an important fall in price, but thus
tion by the Inter-State Commerce Commission and far these predictions have failed of fulfilment.
Even
otherwise to warrant the step taken. The special if, however, some recession in price should occur, it
counsel are expected to advise the judicial depart- must be remembered that profits would still remain
ment in the matter of beginning proceedings and large. The increased dividend declaration of the
instituting
prosecutions against the coal-carrying Amalgamated Company has had little if any influence
roads.
upon the course of values on the Stock Exchange. In
On Tuesday also the President sent a special message part this may be ascribed to the complete demoralizato Congress dealing with the recent insurance dis- tion of the market, owing to the awful calamity exclosures, in which he urged the enactment of a bill perienced at San Francisco but in addition there have
prepared as a result of a convention of insurance com- been a number of other disquieting influences. The
missioners held in Chicago in February.
On Wednes- attitude towards corporations and accumulated wealth
day another special message went to Congress this on the part of those high in authority naturally creates
time condemning in unmeasured terms the late de- a feeling of uncertainty and the anthracite coal concision of Judge Humphrey in the U. S. District Court troversy also does not appear to be progressing very
at Chicago holding that the evidence collected by rapidly towards a settlement the operators this week
Commissioner Garfield could not be used to convict having emphatically rejected the last proposal of the
the packers incriminated thereby.
By this time the mine workers. The position of the miners is such a
public mind was in astate of bewilderment, not know^- wholly untenable one it is difficult to see how the presing what to expect next. Then came the earthquake. ent deadlock can be terminated except by the complete
abandonment by the men of all their demands. It
One of the favorable events of the week has been the deserves to be noted that the Court of Appeals at Alincrease in the quarterly dividend declaration of the bany by a unanimous decision this week upheld the
Amalgamated Copper Co. This is not so much import- constitutionality of the stock transfer tax law of last
tant as bearing upon the value of the shares of jthat year, under which stock sales on the Stock Exchange
company as it is as an indication of the prosperity of are taxed $2 per 100 shares.
the copper trade. The position of theAmalgamated ComThere was no change in official rates of discount by
pany has undoubtedly been greatly improved in recent
periods, and in several different ways.
The settlement any of the European banks this week; compared with
of the litigation which had been carried on for so long last week unofficial or open market rates at London
with the Heinze people indicates one important source were firmer, and at Paris, Berlin and Frankfort they
of improvement, the work done in the physical up- were steady.
It was reported from St. Petersburg on
building of the property so as to admit of the produc- Tuesday that arrangements for a new' Russian loan
tion of copper in the most economical manner possible for 1440,000,000 had been signed at Paris; the loan is
indicates still another source of change for the better, to bear 5% interest and to mature in forty years, and
while in the third place the activity and demand for it is free from taxation.
It is to be allotted $240,000,copper have raised the price of the metal to a point 000 to France, $66,000,000 to Great Britain, $23,000,where the margin of jirofit has become exceptionally 000 to Austria, $11,000,000 to Holland and $100,000,large.
But full and periodic information concerning 000 to Russia. Payments will be in installments
the condition of the company is still too hard to get to 10^7^, cash on application, 18% on delivery, 20% on
make the stock an attractive proposition for investors, August 6, 20% November 6 and 20% February 6
and hence the shares remain largely a football of specu- 1907.
The statement of the New York Associated Banks
lation.
The course pursued by the management in
raising dividends has been cautious and prudent and last week was quite favorable, showing a restoration of
evidently dictated by conservative considerations.
It the surplus reserve to $4,772,500, largely as the result
will be recalled that after the collapse in the company's of a contraction of $23,434,200 in loans and conseThe
affairs, which occurred in 1901, dividends were quickly quently in deposits and in reserve requirements.
reduced from a basis of 8% per annum to a basis of cash gain was $1,938,200 and deposits decreased $21,only 2% per annum that is, the company got down 579,700. The bank statement of this week should rethere
,
,
—
,
.
year.
14% making the annual
>
—
Apr.
fleet,
2
!
I90«i.
THE CHRONICLE.
1
among other
items, the deposit in four of the
New
895
further advises us that the loss was largely due to the
American gold coin, the details of the
and out of the Bank being as follows:
movement
as announced on Saturday of last week, thus to facili- Imports, £84,000 (wholly from Australia); exports,
tate imports of gold from London for the relief of the £957,000 (of which £55,000 to South America and
then somewhat tense monetary situation. There was, £902,000 American coin sold in the open market) and
however, later in the week transfers by banks through shipments of £343,000 net to the interior of Great
the Sub-Treasury and by express of considerable sums Britain.
to San Francisco, and it was reported that Secretary
The foreign exchange market was strong early in the
Shaw had directed the Assistant Treasurer at New
York to receive from banks and individual bankers week influenced in great part by the announcement on
who desired to remit through Treasury transfer to Saturday of last week that the Secretary of the TreasSan Francisco deposits to the aggregate amount of ury had taken the measures elsewhere noted to facili$10,000,000. Many banks and private bankers took tate gold imports from London. The concurrent reof $19,390,000, which, as elsewhere stated,
York banks
was due to the decision
—
heavy
sales of
of the Secretary of the Treasury,
in
—
advantage of
this
medium
for the transmission of funds
Money market
conditions this week were compara-
tively normal, relief
from tension being assured by the
above-noted deposits in gold-importing banks of public
funds for the purpose of facilitating imports of gold
from London, and the market was also influenced by
the improvement in the situation as reflected in the
bank statement andby prospective, almost immediate,
The news of the appallarrivals of gold from abroad.
ing disaster at San Francisco had only a slight effect
upon call money, chiefly for the reason that the stock
market was depressed by that event, thus materiallv
Time
lessening the demand for funds for speculation.
tnoney for short as well as for long maturities was,
however, more firmly held, and the demand therefor
encouraged borrowing of foreign capital through
Money on
finance bills and sterling and franc loans.
call, representing bankers' balances, loaned on the
Stock Exchange during the week at 6J^% and at 2}4%,
averaging about 4%; banks and trust companies loaned
at 4% as the minimum.
On Monday loans were at
and at 2}^%, with the bulk of the business at
4%. On Tuesday transactions were at 4:}4% and at
6K%
3%,
port that, as the result of such measures, large engage-
had been made for import caused some
buying of exchange in the expectation of a
speculative
demand from the gold importers for sight bills with
which to cover their importations. There was also a
good demand for long and short sterling for remittance
by the steamer sailing on Tuesday. On Monda}' there
was a further advance, due in part to the easier tone for
money and the outlook for even lower rates. On the
following day there was evidence of a largely overThe demand for remittance was much
bought market
smaller than was expected and the Easter holiday
abroad tended to restrict business in exchange, while a
fairly large offering of commodity bills had a depressConsequently rates fell with somewhat
ing influence.
unsettling effect, though by the close of the day there
was a partial recovery. On Wednesday the news of
the disaster at San Francisco contributed to a further
advance. On Thursday there was an unsettling fall in
all classes of exchange, in great part due to large purments
to that city.
4%.
with the majority at
On Wednesday
loans
4% and at 2}^%, with the bulk of the business
3^%. On Thursday transactions were at 43/^0(
of gold
.
chases of securities, chiefly Union Pacific, for
other loan
for time
bills,
encouraged by the advance
money.
ish in the
in the rates
The market was exceedingly
at the close.
Sight sterling
fell
so far below the
make
gold-import point of 4 8515 as to
^-t
there would be efforts to procure the metal in
at
ZH%,
with the majority at
loans were at 43/^%
business at 4%,.
Exchange
5%
On
and
Time
collateral
for all periods
at
On
4%.
Friday
33^%, with the bulk
of the
loans on good mixed Stock
were quoted early in the week at
from sixty days to six months.
Thursday, however, rates were revised,
in
view of
the uncertainty as to the extent of the disaster at San
Francisco and of the requirements for the
situation there,
relief of
the
and quotations were 5% for thirty,
sixty and
for ninety days:
5K@5^%
for
5i<@5H%
for four to five,
5H@5^%
5@5K%
for six to seven
for
fever-
afternoon and fluctuations were quite wide
were at
and
London
account, and also to heavy drawings of finance and
shipment
it
new
probable that
London
hither, notwithstanding the competition
by P'rench bankers. It may be noted that
week the price of bar gold in London deof a penny to 77 shillings 113^ pence per
clined 3^
ounce, but on Thursday it recovered to 77 shillings
113/2 pence, reflecting the French demand and possil)ly
a renewal of the American inquiry.
Tliough the cable reported withdrawals of gold from
the Bank of England and purchases in the London
market at intervals during tlie week for shipment to
New York, it is understood that such withdrawals and
purchases represent previous engagements, some of
which were not completed at the time the contract was
made. Moreover, the fact that no new application
was filed at the Sub-Treasury for public funds, for the
therefor
early in the
and 5%@6% for nine months. Commercial paper
was only moderately active at 43^@5i^9( foi" sixty to
ninety day endorsed bills receivable; 4%(aly^% for
prime and 5(^6% for good four to six months single
names.
purpose of offsetting the time-cost of gold importations,
would seem to indicate that no additional imports had
The Bank of England rate of discount remains un- been arranged for by national banks. On Friday,
changed at 33^%. The cable reports discounts of however, new deposits of securities at the Sub-Treassixty to ninety day bank bills in London 3->g@33^9f
ury, as pledge for public funds, to the amount of
The open market rate at Paris is 2J^%, and at Berlin $6,370,000 indicated that that amount of gold had
and Frankfort it is 3J^@3^%. According to our been procured in London for import. There was an
special cable from London, the Bank of England lost arrival on Thursday of $425,000 from London and
£1,216,259 bullion during the week and held £33,795,- $6,250,000 is reported to he due to-day and Satur396 at the close of the week. Our correspondent dav.
•
THE CHRONICLE.
896
[Vol. Lxxxii.
Nominal quotations for sterlinj; exchanj^e are 4 H2}^
83 for sixty day and 4 85K@4 86 for sight. On RUSSIA'S LOAN AND THE OUTSIDE MARKETS,
Saturday of last week tlie market was strong at an adThere are a number of interesting considerations
vance of 10 points for long to 4 8225@4 8235, of 5 which arise in connection with the Russian Governpoints for short to 4 8490@4 8510 and of 15 points for ment's loan, formally announced at the beginning of
@4
8525@4 8550. On Monday long rose 60
points to 4 8290@4 83, short 70 points to 4 8560@
4 8565 and cables 80 points to 4 8605@4 8615. On
cables to 4
Tuesday long
fell
@ 4 8285,
15 points to 4 8275
short
8545@4 8550 and cables 30 points
4 8575@4 8585. On Wednesday long declined
15 points to 4
week. The terms on which the loan is offered are
themselves impressive; the division of the subscriptions among the various markets is very unusual and,
this
of
way, suggestive; and,
in its
amount and
finally, the
to
circumstances of the loan
25
As announced, the is.sue will be for $440,000,000,
issued at 88 and bearing interest at 5%, with a com-
points to 4 8250@,4 8275, while short rose 10 points to
itself
bring food for thought.
8550@4 8560 and cables 15 points to 4 8590@4 86. mission, it is reported, of 3% to the underwriting
On Thursday the market was unsettled with a fall of 50 bankers. The subscriptions are divided among Paris,
points for long to 4 82@4 8225, of 75 points for short London, Vienna and Amsterdam, Paris taking $240,to 4 8475@4 85 and of 65 points for cables to 4 8525@ 000,000, London $66 ,000 ,000, Amsterdam $11,000,000,
4
The market was weak on Friday
4 8550.
at a decline
Vienna $23,000,000 and Russia itself $100,000,000.
BerUn does not appear among the subscribers, and
75 points for cables.
New York, although it was reported only a week ago
The following shows daily posted rates for sterling that $25,000,000 had been arranged for here, will not
exchange by some of the leading drawers.
be a subscriber.
and
of 100 points, for long, of 75 points for short
of
The
Wed..
Fri.,
Thurs.
Fri..
Mon., Tues.,
Apr. 13 Apr. 16 Apr. 17 Apr. 18 Apr. 19 Apr. 20
Brown
83 H
SeVi
83H
86H
i60 days 4 83
Sight- 4 86
J 60 days 4 83
\Sight-- 4 86
83
J 60 days 4
ISight-- 4 86
60 days 4 82H
1 Sight .
4 86
160 days 4 83
1 Sight4 seVi
J60 days 4 83
ISight
4 86
83
J 60 days 4
jSight
4 86
83M
82^
85H
83
86
fact
first
which
strikes attention
the magni-
is
Last October, when the delegates
tude of the loan.
banking houses gathered at St. Petersburg
82 j|
Baring
83 H
SSH
83H
& Co
86 M
86 H
853^
86}^
to underwrite Russia's loan, and were forced to abandon
83
Bank British
SSH
83M
83H
86
North America
sevi
S&H
86H
their work by the outbreak of the revolution, only
Banli of
83 >^
83 H
83^
82H
83K
Montreal
86
86
86
86
85H
83
Canadian Banli
83
83
83
83
$250,000,000 was asked for. That was. in fact, subof Commerce
86^
mVi
8SH
86H
86M
Heidelbach, Ickel83
83!^
83 H
mVi
83K
stantially the amount named in the budget of last
heimer & Co
86
SF,^
86H
86H
86H
82 J^
83
Lazard
83 H
83 H
83H
January by the Russian Finance Ministry as the sum
86
Freres
86 M
sevi
85}^
86H
83 J4
82}^
Merchants'
60 days 4 82H
83 M
S3H
83H
S5y2
of Canada
86
Bank
ISight
4
86>^
86J4
which would have to be raised by loans to meet the
86M
86K
expenditure of 1906. Evidently some change has
The market closed on Friday at 4 81 @4 8125 for
come over the plans of the Russian Government which
long, 4 84@4 8425 for short and 4 8450 @4 8475
has made necessary the addition of nearly $200,000,000
Commercial on banks 4 8025@4 8050 and
for cables.
It is not difficult to conto the amount asked for.
Cotton for
documents for payment 4 8025@4 81
We have pointed
jecture what this change has been.
payment 4 80|^@4 80^, cotton for acceptance 4 8025
out hitherto in these columns that the budget of Janu@4 8050 and grain for payment 4 803^@.4 81.
ary reckoned on an increase in revenue during the
& Co
Brothers
1
sey2
83 J^
sevi
SSVi
86 J^
of outside
J
J
.
The
to
At the time, we represent year of $254,000,000.
movement of money marked that such an estimate embodied the excess of
hopefulness, there being no good reason in the ecoNew York banks.
following gives the week's
and from the
interior
by the
nomic condition
Shipped by
Y Banks.
Net Interior
Movement.
$6,050,000
2.300,000
$9,410,000
3,090,000
Loss $3,360,000
Loss
790,000
$8,350,000
$12,500,000
Loss $4,150,000
Received by
N. Y Banks.
Week ending April 20 1906.
Currency
Gold
.
.
Total gold and legal tenders .
N
.
.
With the Sub-Treasury operations the
result
is
of Russia to expect,
even with
in-
creased tax levies, so enormous an expansion in Gov-
ernment income. Furthermore, it is probable that
more Russian short loans are now approaching maturity, after the six months which have elapsed since
as
the failure of the
folloAvs:
autumn
negotiations to
make
pro-
vision for their redemption necessary.
Onto}
Banks.
Into
Week ending April 20 1906.
Banks.
Banks' interior movem't as above
Sub-Treas. oper. and gold imp'ts
Total gold and legal tenders-
.
The loan now
Net change in
Bank Holdings.
offered
in that respect, it
Loss $4,150,000
may
is
to run for forty years,
be noticed,
is
the
first
and
genuine
$8,350,000
37,300,000
$12,500,000
27,300,000
Gain 10,000.000
long-term loan put out by Russia since the Eastern
$45,650,000
$39,800,000
Gain $5,850,000
war began
.
What
Russia borrowed in Paris and Berlin
The following indicates the amount of bullion in during 1904 and the first month of 1905 took the form
of loans running five to twelve years; what it borrowed
the principal European banks:
after the revolutionary outbreak of Januarv 1905 was
April 19 1906.
Bank
April 20 1905.
altogether placed in treasury notes with less than a
of
Gold.
Silver.
Gold.
Total.
Total.
Silver.
year to run. Exactly how much of the new loan is designed for refunding purposes, and how much to meet
England..! 33 ,795,396
France ..118 ,218. .3081
Germany ai 35 ,229,000
Kussia
90 ,003,000
AiLS.-Hunbi 46 ,112,000,
Spain
15 ,09fi.000
Italy
28 ,360,000
Neth'lds.
6 ,053,100,
I
Nat.Belg.al
33,795,396' .36,330.5321
36,330,532
42.008.G.S4 160, 226,092 11 1,170.064 44,030,406155,200.470
11,743,000 Hi. 972,000 :t!i.2:f0,(l()0 13.077,000 52,307.000
(i..s:!4,(100 109,2(il.000
4,914,000 !I4,!I77,(KK) 102.127.001'
12,777,000 .')X.HR<),rim -17. N'.).';. 0(10 i:;. 01(1. 000 (io.oii.ooo
23,709,000 :w.s{)5.mo 14. N2 1.0(10 2O.!i07.(100 :i.T.7:il,(inO
3,SS6,700i 32,245,701) 22. (iS:), 0(1(1
:i.;>l 1.100
2ii,200,100
(i. 079, 200
5,890,700, 11,9)3,.S00
6.214.100: 12.32:i.:i00
5,289,000
3,160,000
3 ,520,000
1,763.000
4.749,000
1.5S3.000J
current deficit,
I
I
I
disturbance
I
Much
a The division (botwcon s-'old and silver) given in mir table of coin and bullion
in the Bank of Germany and the Bank of Bclcium is made from the best cstimati^
we are able to obtain: in noither case is it claimed to be aeeurale. as those hanks
make no distinction in their weekly returns, merely reportinj; the total gold and
silver: but we believe the division we make is a close ai)i)ro\iiii;\tion.
b The Au-stro-IIiinf-'ariaii bank statement Is now issued in Kronen and Heller
instead of Gulden and Kreutzer. The reduction of the former currency to sterling
Poimds was by ((iiisiderins; the Gulien to have the value of .'io cents. As the Kronen
has really no greater value than 20 cents, our cable correspondent in London, in
order to reduce Kronen to Pounls, has altered the basis of conversion by dividing
the amount of Kronen by 24 Instt-ad of 20.
to saj'.
It is
reasonable to
suppose that the Russian Railway" sj-stem, which is a
Government enterprise, has incurred a heav}^ deficit
not only during the war, but pending the economic
Tot. H-eek376, 452,804 106.692.084 483. 144. 888 383. 810. 796 109.208.006:493,019. 402
Tot. prev.:378.929,555 106.436,773 485,366,328 382,623,556 108,663,940l491,287, 496
,
is difficult
which
of this loan
payment
of
followed
must
yet
of
peace.
The one plain fact which
that the Government cannot
such a shortage.
arises in the situation is
'
conclusion
necessarily be devoted to the
make both ends meet. It is possible that if so
sum as this is obtained at once, the making of
large a
Ape. 21
THE CHRONICLE.
1906.
897
may
Berlin's refusal to help float the loan has attracted
be deferred for a considerable time.
be again in the market the most attention. Not unnaturally, financial opinion
has leaped to the conclusion that the loan is proscribed
hardly admits of doubt.
Probably this accounts for the extraordinarily by the Kaiser in resentment at Russia's support of
further loans
But that Russia
will present!}^
on this forty-year borrowing. France at the Algeciras
any first-class Power during the many's kindly overtures.
conference,
large interest rate paid
It
may
be doubted
if
past thirty or forty years has offered a long-time loan
in time of peace at a net rate of more than 5}4%,
We
is
terms imposed
b}-
the foreign lenders will
suggested that other and more ordinary considerations
—
have prompted the refusal not least of all the large
impending issues of German securities, both national
and private, which have compelled the great Berlin
banking houses to move cautiously. On the other
hand, it must be said that the announced allotment of
$23,000,000 of the new Russian bonds to Vienna
not be sur- not a very usual reliance for such purposes suggests
—
prising.
Nor indeed were these the only considerations which
might have raised misgivings in the minds of foreign
bankers. We have hitherto pointed out that the
Czar's grant of constitutional liberty last autumn was
so worded as to apparently give to the new Russian
Legislature a practical power of obstruction over all
forbidden
German
the possibility that
legislation.
Xo
Ger-
all
from Berlin have
this theory of pique; in fact, advices
what the Russian Government is to pay.
Considering what had happened to Russia's finances,
and to Russia's public affairs during the past few
months, and considering also that the outstanding
4 per cents of the Russian Government sell now around
85, which amounts to a rating of ^%%, the harsh
which
after
are inclined to question
proposition should go into effect,
at
subscriptions, virtually
have slipped in through the
Berlin,
Austrian market.
London's $66,000,000
Berlin's position, as well as
subscription, gathers interest from the
known fact
that
the loan arrangements provide with care against the
"unloading" of one market's subscriptions on another
This precaution was adopted, clearly enough,
so market.
it was provided, without the sanction of the Douma.
We raised the question then whether this scheme might
not prove unworkable in its relation to issue of public
loans; for if absolute power of obstruction were to be
given to a legislative body whose composition no one
could then foresee, it was clear that endless derangement of financial affairs might thereby be caused.
This fact in the situation seems to have been recognized at St. Petersburg; a week ago a supplementary
ukase is stated to have been issued by the Czar, providing that the power of the Douma shall not extend
to the matter of public loans.
Undoubtedly this
amounts to revoking control of the public purse on the
part of the Legislature, and to that extent interferes
at the instance of Paris bankers;
it
makes
Berlin's
withdrawal more intelligible, and will probably cause
surprise over London's large allotment.
As to this,
the only explanation is that the terms of the loan were
too
tempting
English
for
capital
allotment of $100,000,000 to Russia
A
altogether seriously.
thus to place a
to
is
The
resist.
difficult to
year ago an effort was
take
made
somewhat smaller loan when outside
markets were shutting the door on Russia. The attempt was only partially successful; according to most
reports, the savings banks were induced by the Government to subscribe, but the bonds were eventually
"unloaded" on Berlin. The truth, fully recognized
at the time, was that Russia is a country too poor in
very seriously with the grant of legislative powers. capital to undertake such operations. It is certainly
But on the other hand, it is hard to see how the Russian in no better shape to do so now than it was twelve
Government under present circumstances could safely months ago.
conduct its finances with this great power placed under
such peculiar control.
At
all
events,
it
is
safe
to
assume that the foreign bankers declined to underwrite
the loan until they were assured that the power of
issue was retained by the present Government.
The distribution announced for the subscriptions is
of peculiar interest.
That France should have the
lion's share allotted to it is not strange; the same
thing was contemplated in the loan negotiations of
last autumn.
Paris is at present the world's principal
reservoir of unemployed capital; France, as the holder
of the bulk of Russia's outstanding debt,
is
in a
way
responsible for sustaining Russia's credit, and, finally,
the high rate of interest offered might be depended on
PRESIDENT ROOSEVELT AND THE BEEFPACKING DECISION.
The message which President Roosevelt sent to
on Wednesday criticising the decision
Congress
recently rendered by Judge
U. S.
Government against the beef packers seems to be founded
entirely on a misconception.
The President asks
Congress to pass a declaratory Act stating its intention
with reference to the immunity from criminal prosecution to be extended to persons furnishing incriminatory evidence against themselves in answering inquiries
of the Commissioner of Corporations.
But the real
point at issue is the power thus to compel a person
to testify against himself. The question is simply one
of interpretation of a Constitutional provision, and
who did not weary of Russian
even at the height of the war strain. Nor,
on the other hand, is it surprising that New York
should not participate. This market's position, as that must be
regards the relation between supply and demand for
The message
to appeal to investors
securities,
capital,
money
too well known, and the recent signs of
stringency were too plain to give ground for
is
expecting
it
to subscribe.
Russian securities have
never appealed to American investors in the broader
sense; where older issues have found a market in this
country, it was with a few banking institutions or
with insurance companies whose Russian connections
made such investment politic.
Humphrey
in the
District Court at Chicago in the case of the
Mr.
Roosevelt
left
is
to
in
the courts, not to Congress.
every
indulges
in
takes no pains to conceal
way
a sensational
one.
language
and
strong
his
displeasure over the
ruling of Judge Humphrey.
It will be recalled that
on March 21 the latter took from the jur}' the cases
which the Government had been prosecuting against
the beef packers and discharged the sixteen defend-
ants of the packing concerns, but held the five cor-
porations for
trial
under the indictment returaed by
THE CHRONICLE.
898
;he Federal Grand Jury on July
[Vol. Lxxxii.
had secured from the packers themselves.
Judge Humphrey^held that as this evidence had been
furnished only at the request of the Government,
and the Commissioner under the law had the power
to'ask for it and the packers could not refuse to give
that any incriminating- testimony obtained in this
it
maintenance and preservation of constitutional rights
and safeguards. The very stability of our institutions depends upon it.
Any other course would be
subversive of law and order.
No individual, whether
he is at tlie head of a Government department or the
instigator of a lynching party, can be allowed to take
the law into his own hands.
Doubtless the giving of
information to the Commissioner of Corporations or
the Inter-State Commerce Commission may at times
defeat the ends of justice, but that is a fact for Con-
way would,
gress to consider
1
1905 for conspiracy
The Government's case rested
on the evidence which Mr. Garfield, the Commissioner of Corporations, in his capacity as a Govern-
in restraint of trade.
ment
official,
—
if
used against those gi^ing
it,
be in effect
compelling a person to testify against himself, a proceeding which, under the Constitution and the statutes,
is
He
is
unwilling to abide by this ruling.
"a miscarriage of justice" and
says that "this interjn-etation by Judge Humphrey
calls
the result
of the will of the Congress, as expressed in legislation,
such as to make that
is
He
therefore urges
will
absolutely abortive."
upon Congress the enactment
of
a law "declaring the true construction of the existing
For if
so far as it affects immunit3^"
Judge Humphrey's decision (should be followed by
other judges "the result would be either completely
to nullify very much, and possibly the major part,
of the good to be obtained from the Inter-State Commerce Law and from the law creating the Bureau of
Corporations in the Department of Commerce and
Labor, or else frequently to obstruct an appeal to
the criminal laws by the Department of Justice."
He can see no good reason why the Department of
Justice, the Department of Commerce and Labor and
the Inter-State Commerce Commission should not be
allowed to proceed each in its own way. He admits
that it is necessary under the Constitution and the
laws that persons who give testimony or produce
evidence as witnesses should receive immunity from
prosecution, but he adds the observation that it has
hitherto been supposed that the immunity conferred
was only upon persons who, being subpoenaed, had
given testimony or produced evidence as witnesses
relating to any offense with which they were, or
might be, charged. He cannot understand why, when
n official or employee of a corporation, in response
to an inquiry by the Department of Commerce or the
Inter-State Commerce Commission, furnishes facts
and information on which a criminal prosecution can
be based, those facts and that information should not
be availed of in an attempt to convict the offender.
He declares unreservedly that "such interpretation of
the law comes measurably near making the law a farce."
But the use of incriminating evidence, extracted
from a person who has not the power to refuse to give
legislation
it,
is
besides being abhorrent to one's sense of justice,
manifestly in conflict with the requirements of the
United States Constitution. If
would the passage by Congress
it
whether
this
of
it
— that
is,
it
is
for Congress to con-
wise to require the giving of such
is
infonnation in view of the'possible consequences, not
whether
forbidden.
The President
sider
it
is
wise, as the President urges, to grant
immunity to those who comply with the legislative
mandate to give the information. The granting of
such immunity does not rest with Congress it is a
right assured by the Constitution.
It is to be remembered that only the week before
Judge Humphrey rendered his decision, the United
States Supreme Court at Washington handed down an
opinion in what are known as the Tobacco and Paper
cases, holding that officers and employees of a cor-
—
poration could not refuse to answer questions or pro-
duce books, papers and other documents when summoned before a Grand Jury. They could not plead
their personal privilege against being forced to furnish
evidence against themselves, for the Constitution and
the statutes contained express guaranties
that,
so
they personally were concerned, anything of
an incriminatory character that might be developed
would not be used against them. The situation with
far as
reference to evidence
of Corporations
mission
much
is
demanded by the Commissioner
Commerce Comsame. A person called upon to
or the Inter-State
the
give information has no option but to comply.
Bearing that in mind, the reasoning of Judge
Hum-
The Fifth Amendment provides, among other things, that no person
"shall be compelled, in any criminal case, to be a
phrey seems clear and convincing.
witness
against
observed,
is
himself,"
&c.
This,
it
should be
a Constitutional provision, not a
mere
statutory declaration which can be changed at the
Judge Humphrey's decision was a,ii
oral one and he pointed out that the Hale decision
of the previous week (the Tobacco case) had finally
settled the question that corporations could not be
He said that the Fifth Amendgranted immunity.
ment and the various Acts of Congress intended to
give effect to it, involved one of the most cherished
rights of an American citizen, the right to remain
silent when questioned on any subject when an answer
would incriminate. The Amendment was a privilege.
will of
Congress.
The various immunity Acts
privilege
—
of
this requirement.
Congress rest upon this
He
overruled the con-
view be correct, tention of the Attorney-General that a person, in
an Act declaring order to enjoy immunity from prosecution, under the
the intention of the legislative body that a citizen
provisions of the
immunity
acts,
must indicate
his
should not enjoy immunity be of any avail? Could unwillingness to testify by insisting on being subit make Constitutional an unconstitutional act, and poenaed and put under oath.
He declared that imwould it induce the courts to change their views on munity flows to a witness by the action of the law
without any claim on his part. He said that the
If the packers are guilty of one-tenth the things defendants had given information only under comthat have been charged against them they certainly pulsion, and the right of immunity was theirs because
deserve to be punished. But even the meanest crim- the}^ volunteered nothing, but gave only what was
inal has his rights, and there is one thing more im- demanded by an officer who had a right to make the
that point?
portant than the conviction of a felon, and that
is
the
demand.
An
oath
is
not essential and a subpoena
Apr.
THE CHRONICLE.
21 1906.
when
891)
measure because of increased outlays for improvements. For instance, upon maintenance of equipThis is an aspect of the matter to which the Presi- ment $2,277,249 more was spent than in the preceding
Of this, only $1,241,238, according to the
dent, it would seem, has not given sufficient considera- year.
In fact, it is an aspect of the matter that was report, was due to the greater volume of business
tion.
the other $1,036,011 represents additional
not treated with the importance it deserves at the done;
is
a useless and superficial thing
the parties are
together.
How
lightly the
marks made by Attorney-General Moody.
The quo-
In the same way
Attorney-General regarded the point is evident from the augmentation of $496,753 in the outlays upon
a quotation in the President's message of some re- maintenance of way and structures are ascribed to
hands
of the prosecuting officials.
tation repeats a colloquy that occurred during the
argument of the Attorney-General, wherein Mr. bloody
charges for renewals of equipment.
large expenditures for repairs
and renewals of bridges.
These extra outlays are entirely independent of
amounts specificalh^ charged to expenses for new
said: "I dismiss almost with a word the claim that construction and new equipment, and stated as a
Mr. Garfield promised immunity. Whether there is separate item. These latter aggregated much the
any evidence of such a promise or not, I do not know same sum in 1905 as in 1904, the comparison being
and I do not care." Those who read the accounts of $1,532,721 as against $1,553,019. Altogether, it
the speech in the papers at the time will also recall appears from another part of the report, expenses for
that Mr. Moody undertook to heap ridicule upon his the year included $2,853,718 for extraordinary- exJudge Humphrey penditures on equipment account besides the $1,532,opponents for their immunity plea
the
.
we
nevertheless, as
see,
reached the conclusion that
721 specifically identified as outlays for
new
construc-
immunity by tion and new equipment. The two amounts, it will
them under the be seen, make a total of $4,386,439. Even after these
the indicted persons were entitled to
reason of the right guaranteed to
Constitution.
This being so,
it is
difficult to see
how very
exceptional allowances a surplus of $2,113,348
a Congressional enactment could help the prosecution
remained on the operations of the twelve months over
out of its difficulties. Plainly, the predicament in and above the year's fixed charges and the requirewhich the Government finds itself has resulted from ments for the 5% dividends paid on Central stock.
too much legislation rather than from not enough This $2,113,348 has also been set aside in the main
Obviously, if Congress in its wisdom has for improvements— $1,500,000 being directly credited
endow Government officials with inquisi- to the special improvement fund for new equipment and
powers, the Government must be prepared to betterments and $595,095 being marked off for dis-
legislation.
seen
torial
fit
to
endure the disadvantages as well as to accept the count, commissions, etc., on bonds issued and for
advantages resulting from such legislation. Further- reduction of the value of assets.
more, it is hardly fair to endeavor to make the judicial
Summarizing, then, we find that $2,853,718 of
department of the Government responsible for the extraordinary expenditures were included in the year's
acts of the legislative and executive departments.
expenses and not identified as such, $1,532,721 was
included in the expenses in a special item for
NEW YORK CENTRAL REPORT FOR THE
CALENDAR YEAR.
The annual report
of the
New York
construction and
new
new equipment, and $1,500,000 was
improvement fund for new equip-
set aside as a special
Central
& Hud- ment and
betterments
— making
a
grand
total
of
$5,856,439. This, it will be seen, is the equivalent
been published this week and is a very favorable docu- of about 43^% on the $132,250,000 of New York Cenment. President W. H. Newman's remarks are quite tral stock outstanding at the end of the year. In
brief, but the statistics in the report tell their own other words, besides the 5% paid on the stock, the
story
and an interesting story it is. In the main, equivalent of 43^% more was taken out of the yearis
son River Railroad Co. for the late calendar year has
—
the results serve to give additional emphasis to those
features in the company's affairs to which
we
directed
revenues and devoted to the improvement of the
physical standard
and condition
of the property.
The growth in traffic during the year extended to
when reviewing the preliminary both the passenger and the freight departments. The
attention in these columns in our issue of Dec. 23 1905
(pages 1757 to 1759)
passenger revenues increased $1,587,352 (not counting
months.
The income account shows large growth in the gross the $445,819 gain in mail and express) notwithstanding
earnings, attended by relatively moderate addition to the road lost the extra passenger travel which it had
the net earnings. In brief, there was a gain of $7,522,- enjoyed in 1904 from the holding of the Louisiana
393 in the gross as compared with the twelve months Purchase Exposition at St. Louis. The figures in the
preceding, but a gain of only $2,144,027 in the net, ow- report cover merely the lines east of Buffalo, and the
ing to an augmentation of $5,378,365 in the expense Central reaches St. Louis only through its controlled
but on
the Lake Shore and the "Big Four"
accounts.
It is these expense accounts on which lines
figures for the twelve
—
—
interest converges, for they
furnish the key to the
policy which has been pursued in the administration
any through
travel
the Central, of course, gets
pro rata of the total rate, and
its
we should judge that
Very large sums are being applied passenger revenues for part of the year 1904 at least
had been swollen to a considerable extent by the
On the other hand, during 1905
for advancing the physical standard generally of road travel to the Fair.
and equipment. Of the $5,378,365 augmentation in all the country's industries were in a state of great
expenses, $2,262,771 was in the cost of conducting activity and prosperity, and this naturally increased
transportation, and this was due in the main to the passenger traffic in all directions.
The gain in the freight revenues and the freight
greater volume of traffic moved in both the passenger
and the freight departments. Under the other heads. traffic reached very large proportions. In earnings the
however, the increases have followed in considerable freight results record an increase of $5,380,076 in face
of the property.
out of earnings for improvements and renewals and
THE CHRONICLE.
900
of the fact that the rate reahzed per ton per mile
diniinished from 6.58 mills to only 6.13 mills.
of
many
of
[Vol. lxxxii.
the local linos.
We
The Newman makes the statement
observe that Mr.
that
it
is
expected
moved one mile increased operation by electric traction between the Grand Cenconsiderably more than 17%, the aggregate rising tral Station and temporary terminals at Woodlawn and
number
of tons of freight
from 8,260,496,557 tons to 9,690,533,188 tons.
Obviously, the activity and prosperity of industrial
interests were the
main
factors in this striking
High
As
coming year.
means by which the company is to meet
Jiridge will be installed during the
to the
growth the capital requirements
for all these various purposes,
in traffic, and yet, study of the traffic statistics makes it will be recalled that since the close of 1905 the
of the authorized
it manifest that the efforts of the management to $17,192,500 remaining unissued
develop special traffic in certain directions also con- amount of stock of $150,000,000 has been sold to the
tributed in an important degree to the improvement.
We
stockholders
at
par.
Furthermore,
shareholders
voted the present week
and develop the system's of stock from $150,000,000 to $250,000,000, thereby
coal traffic by providing new feeders and extensions enabling the company to sell additional stock from
The result of these efforts is re- time to time as monev is needed. The company's
in Pennsylvania.
flected in the steady enlargement of the coal tonnage. funded debt during the year was increased by only
The increase in that item in the late year was quite $3,792,096. An interesting feature in connection with
noteworthy, it amounting to 426,642 tons in the case the debt is the fact that with the retirement of $8,671 ,of anthracite coal, 1,455,386 tons in the case of bitumi- 500 of bonds maturing during the year and their renous coal and 248,221 tons in the case of coke, giving placement by 33^2 per cents, the company's refunding
a total addition for the twelve months in coal and coke operations have been completed. The Central now
The aggregate ton- has no bonds of its own maturing before May 1 1934.
•of no less than 2,130,249 tons.
One. of the events of the year was the acquisition
nage in coal and coke for 1905 was no less than 16.245,252 tons, forming over 37% of the entire freight ton- of a number of important connecting or affiliated roads.
In January 1905 the purchase of 46,941 shares of the
nage of the year.
Operating results also were further improved upon preferred stock of the Rutland RR. was authorized,
during the year. We have already shown that the this being 50.7% of the entire capital stock of that
In the same month all the outstanding
large increase in expenses during the twelve months company.
followed entirely from two causes, namely the en- stock of the St. Lawrence & Adirondack Ry. was
In Feb. 1905 the New York & Ottawa Ry.
larged volume of traffic moved and handled and the acquired.
During the year also the Cherry Tree &
increased outlays for improvements, betterments and was leased.
The test as to the efficiency of operations Dixon ville RR. in Pennsylvania was opened, while
additions.
is found in the record of what has been accomplished the extension of the Clearfield Southern section of the
in the direction of further enlarging the train-load. Beech Creek Extension RR. to Irvona also added to
Hence, it is important to note that the lading of the the mileage of the system. The Rutland RR., as is
trains was increased by 27 tons, bringing the average known, is still operated as a separate property, but
the results on all the other lines mentioned are inload (including company freight) up to 459 tons
very good average, considering the character of the cluded in the accounts of the New York Central,
company's freight and the large proportion of branch the mileage having increased 259 miles during 1905
Good management and by reason of that fact.
line mileage in the system.
The report also contains a brief reference to the comcareful attention to details have been one element in
The large amounts pany's ventures in the street railway field. There
the improvement here established
have often
in the past referred to the endeavors
to raise the authorized limit
in recent years to extend
—
.
spent in constantly raising the physical condition of were acquired in 1905, we are told, 14,990 shares of
the property has been another element. It is worth the capital stock of the Rochester & Eastern Rapid
pointing out that the improvement outlays paid for Ry. Co., operating an electric line between Rochester
from earnings, large though they were, do not by any and Geneva; and 3,000 shares, or one-half of the
means measure the extent of the expenditures for the capital stock, of the Schenectady Ry. Co., operating
improvement of the physical standard of the property. an electric line in the city of Schenectady, with branches
Indeed, President Newman gives a little table in his to Albany, Troy and Ballston. These stocks, together
remarks, showing that the extraordinary expenditures with the securities previously acquired by the company
during 1905 aggregated no less than S16,400,413, this in various electric lines in New York State, have all
representing $4,386,440 taken from earnings, $553,618 been exchanged for $6,000,000 of the capital stock of
improvement fund, the Mohawk Valley Company, this forming 60% of
charged against the special
additions to property charged to cost of the latter company's entire outstanding stock of
$2,715,491
road and equipment, and $8,744,864 covering con- $10,000,000.
struction and equipment on leased lines and which
JUDICIAL REVIEW.
is to be charged in part against funds provided by
The brilliant debate over the Constitutional and legal
lessor companies.
In the last two items here enumerated .amounting questions involved in the relations of a quasi-legislatogether, it will be seen, to $11,460,355, we see how tive rate-making commission to the Federal Courts,
extensive are the company's requirements for new which has been in progress in the Senate since the Comcapital, notwithstanding the large drafts on earnings mittee on Inter-State Commerce transferred to the coneach year for improvement outlays. It is obvious, stituent body a controversy which it had vainly sought
too, that the requirements in this way will be heavy to solve, has, perhaps, not yet disclosed to most layIf it be assumed that
for a considerable time to come, considering the cost men the precise points at issue.
of reconstructing the Grand Central terminals and Congress can authorize a subordinate tribunal, that is
the extensive plans under way for the electrification to say the Inter-State Commerce Commission, to exer-
Apr. 21
THE CHRONICLE
1906.]
any part of the legislative power to regulate commerce among the States, any practical application of
a statute containing such authorization must raise the
judicial question whether, under the special state of
facts of the particular case, the attempted exercise of
the power is in accordance with the terms of the grant
No direct interference with property
of authority.
rights by the Federal Government, under color of a
cise
Federal statute,
tion,
to
and
is
possible without raising this ques-
the right of the citizen
its judicial
determination
is
owner
of the property
always inviolable and
Such an amendment would render inoperative
any statute in which it was contained. The same is
do.
by Senahis Demo-
true of the "no-suspension" clause advocated
tor Bailey, with the approval of several of
cratic colleagues.
If the
permanent enforcement of a
by the Commission
particular group of rates ordered
would be confiscatory of the carrier's property, their
temporary enforcement pending judicial determination
would, measurably, effect the same result unless, at
least, there was some one from whom an adequate
bond could be required and against whom compensatory damages could be enforced. In the cases presented to the commission there is rarely such a party.
complete. To deprive him of this right is to take his
property without "due process of law" and the purpose
to deprive him of it, declared in a statute, simply ren- Therefore
ders the statute unconstitutional and void.
As the relevant portions of the Federal Constitu-
901
enforcement of the Commission-prescribed rates, under the assumed state of facts, would
the
cause irreparable injury. The Constitution of the
and a limitation upon every United States happily was framed so as to protect proplaw which Congress may enact, the question presented erty rights from such injury.
We conclude, therefore, that no rate bill will be conto a court on the review of the action of a rate-making
commission may be whether such action deprives the stitutional and effective unless it contains such a
court-review amendment as that contended for by the
owner of property of:
conservative Senators, and permits the suspension of
(a) Any right guaranteed by the Constitution, or
Any right established by a Federal statute, in- the Commission-made rates, at the discretion of the
(6)
cluding that under which the Commission claims to courts, pending such review. Those who wish to add
such an amendment are, consequently, the real friends
have done the act under review.
The foregoing principles are generally recognized; of the bill.
There is, however, another consideration which may
they are nowhere matters of dispute. What, then, is
The be briefly mentioned. Clearly, if the view here taken
their application to the present controversy ?
"Hepburn-Tillman" bill authorizes the Inter-State is correct, every contested decision of the Commission
Commerce Commission "to determine and prescribe must go to the courts. Then why not go to the courts
what will, in its judgment, be the just and reasonable at once, as proposed by Senator Foraker? The Comand fairly remunerative rate or rates," and compel mission could institute court proceedings on behalf of
their substitution for those previously fixed by the the shippers after only so much in the way of inforrailway carrier; but it is not permitted to do so until, mal inquiry as should be needed to show the existence
upon complaint and after full hearing, "it shall be of of reasonable ground for belief that existing charges
the opinion" that the existing rate or rates are "unjust were exorbitant or unjustly discriminatory. The enor unreasonable, or unjustly discriminatory, or unduly tire cost of such litigation would be borne by the United
tion are, in effect, a part of
preferential or prejudicial," or otherwise in violation
States.
On
these proceedings the Federal courts of
grant complete and adequate relief.
Such a measure would be prompt, ample and effectpresent purpose to discuss the constitutionality of the
proposed law as a whole, the inquiry whether the terms ive. It would also be in accordance with the princi"it shall be of the opinion," and "in its judgment" do ples of government approved by American experinot indicate a delegation of legislative discretion which ence, as the pending bill is not.
Congress has no power to make, it is evident that two
distinct and separable questions are thus left to the
RAILROAD GROSS AND NET EARNINGS FOR
decision of the Commission. These questions are:
FEBRUARY.
(a) Is an existing rate or group of rates unjust and
unreasonable?
Our compilation of the gross and net earnings of
What rate or rates ought to be substituted for United States railroads for the month of February
(6)
the existing rate or rates that are condemned?
is like that for the month of January
one of those
Both of these questions are, in succession, of vital exceedingly favorable types of statement which are
importance to the owner of the railway property over met with only on rare occasions, when conditions are
which the challenged rates are in force. The first is al- in the highest degree favorable. Trade and business
ways and beyond controversy a judicial question; the in every line and branch of industry have been exsecond, beyond all dispute, becomes a judicial question tremely active and the winter weather during February,
as soon as the Commission has commanded the substi- as in January, was such that transportation movetution of new rates, and the most competent lawyers ments were hardly impeded at all in any part of the
believe it to be at any time a proper subject of judicial country, whereas the usual experience is for our rail
inquiry.
It necessarily follows that any measure carriers to encounter at least some obstructions bewhich deprives the carrier of the right to have either cause of the weather. Then, also, the bounteous
of these questions reviewed in a court of competent harvests of last summer are being reflected in the
jurisdiction must be unconstitutional.
But it is returns. Crop movements contributed their part to
claimed that the limited-review amendment said to swell the revenues of the roads, and furthermore the
be favored by the President does seek to prevent any fact that farming interests are in such a prosperous
review of the act of the commission in condemning state has served to swell the general traffic of the
the existing rates and to restrict the inquiry as to the roads. Western grain deliveries during February ran
new rates prescribed by its authority. This will not considerably in excess of those of the same month last
of the statute.
Passing over, because
it
is
not our equity could
—
THE CHRONICLE.
*>02
year.
The Western live-stock movement
that of the previous year.
excceeded
Finally, Southern roads
also
PHI.
NCI PAL
[Vol. Lxxxii.
CHANGES
Aldi Top
Southern
<t
Santa Pe.
had an advantage from a larger cotton movement,
though, as is known, the last cotton crop was not as
Caiiailiaii i'acific
large as the previous one.
SoiitluTii
IJock
iMic
1906.
1905.
S
'
roads.)
Inc. or Dec,
1905.
1906
s
!
Fihriiar;/ 28.
I'j
(1)9
Inc. or Dec.\
S
1
s
s
s
Gr.cirns 120.728,671
95,626.938+25,102,733 248,918,920 202,201.570+40,657.350
Op. exp. 87,242,037' 75,688,575 +11.553,402 170,91 1,386 1.55,385,536 +21,525.850
Notearni 33,486,634, 19.937,303, +
13, 549, 271
72,007,540 40,876,034+25.131,500
sy.stem
.
Ohio
Railway
1, IK,-), 100
l,l«S,:j.')S
1,0.57,K48
iV
1,021,152
....
922,:i39
Fran-
<n4,.j.-)8
_
& San
St. Louis
January
l,818,2.-)0
l,419.84(i
I'acific
Islaiiil
Baltimore
Fihriiary.
(101 Toads.)
tJuion I'acific
'jOli.WIO
IlhnoisCeiitraP
.
..
Chic Milw & St I'aul-.
Mo Pacilicsyst (2rds.)
Louisville & Nashville
Hr>:i ,:j88
I'hiladelphia A: Read'g
(Tiesai)eake A: Ohio
xtj.-)l,071
Norfolk
<t
7:53, 7K(i
718,4.').-!
(i.'')8,442
.'520,438
Wetitern...
4<)1,<.)77
434 ,8.'-)0
304,784
354,078
320,704
.Atlantic Coa.st Line
Wahash
Valley
LeliiKh
The
month, as (Ji-and Trunk rds.).
Denver & Rio Grande
net earnings, surpasses even the Mo Kansas & Texas...
increase in gross earnings for the
also the increase in
(.3
phenomenally large gains reported in January. In
brief, in the
gross the improvement amounts to
N J
& Sou
313,1<)8
27(),4t)()
Central of
Colorado
2<)0,f)75
258,359
syst...
Central of Georgia
Clev Cin Chic & St L..
Minn
St
P
d-
2.53,568
247,857
240,872
232,758
232,233
178,839
178,614
M
H S
$25,102,733, or 26.25 per cent, while in the net the Yazoo & Miss Valley.
Mobile & Ohio
increase is $13,549,271, or 67.96 per cent.
For the St Loui.s Southwestern
two months combined the improvement reaches
of very exceptional proportions,
totals
the figures showing
$46,657,256 gain in ^the gross and $25,131,506 gain
and tliis, though a number of quite large
in the net
—
IN GROSS
Increases.
P<iniinvlva.nia (2 roads) 2/$3,(X)3,]00
Kansas City Southern
EARNINGS IN FEHKUARY.
Increaacs
$175,1 13
168,3.56
Nashville Chatt & St L.
Cine N O & Tex Pac. .
Northern Central
Chlcau'O <t Alton
ChicuKO <^ Gt Western.
Wisconsin Central
HockiriK Valley
Phila Halto <fe Wa.sh. .
Alahaiiia
Wheeliiic
(it
165,400
160,990
148,525
129,170
127,894
117,200
110,916
107,853
95,115
89,977
84,904
83,802
81 ,41
68,701
65,827
60,300
55 ,080
51,112
45,217
43,980
43,466
42,849
41,573
38,990
38,074
37,907
35 ,505
32,313
Southern.
Lake Erie.
,V
Toledo &. Ohio Central.
Western Maryland
LoiiK Island
Tol St L <fc Western...
liuff Roch & Pittsh
RutTalo & Sus(iuehanna
Georsia RR
& Sea Sh .
Chicago I nd & Louisv .
Gulf & Ship Island
Minneapolis & St Louis
Louisiana & Arkansas.
AVest Jersev
Iowa Central
Baneor &. Aroostook
Pacific Coast
Colorado Midland
N Y Ontaiio &. West..
St Joseph & Or Island.
Kanawha & Michigan .
Georgia Sou & Fla
Total (66 roads)
$24,830,403
X These figures are for the Railroad Co.; the Coal&Iron Company reports a decrease of $367,132.
y These figures cover the lines directly operated east and west of Pittsburgh and Erie. The gros.s on Eastern lines increased $2,216,300 and
the gross on Western lines increased .1876,800.
PRINCIPAL CHANGES IN NET EARNINGS IN FEBRUARY.
roads are not included, since they do not furnish
Increases.
IjirCvcdscs
SI
monthly exhibits. It is proper to say, however, that Atch Top & Santa Fe.. i/l ,465,975 Northern Central
Pennsylvania (2 rds.)..
,.396,600 W^isconsin Central
Canadian Pacific
903,572 Chicago Great Western
for February comparison is with diminished earnings Rock Island .system. _.
878,825 Buff Roch & Pittsb
Illinois Central
723,572 Wheeling
Lake Erie.
in 1905, which was not the case in January.
Still,
St Louis & San Fran...
721,756 Toledo & Ohio Central.
Southern Pacific
622,232 Mo Kansas & Texas...
the loss last year was trifling alongside the present Mo Pacific syst (2 rds.).
621,510 Phila Balto & Wash...
601,348 Kansas City Southern.
gains it amounting to only $3,303,565 in the gross Erie
Baltimore & Ohio
572,310 Tol St L & Western.
378,684 Chicago & Alton
and to $3,545,907 in the net. The year before there Wabash
Chesapeake & Ohio
339 ,865 Louisville & Nashville.
Union Pacific
339,783 Chic Milw & St Paul...
was a gain in the gross but a loss in the net. Prior Norfolk & Western
329,685 N Y Ont & Western..
Southern
303,933 Atlantic Coast Line
to that time the record was one of continuous gains Clev Cin Railway
Chic & St L...
175,837 Buffalo & Susquehanna
$100,300
92 ,483
91,538
88,747
86,119
82,490
82,203
79,000
77,738
76,167
71,308
68,945
64,188
54,198
53,914
44,693
efe
—
for
.
many
years back, as will be'seen by^the following.
Net Earnings
Gross Earnings.
Year.
Year
Given.
Feb.
1896 .
1897 .
1898 .
1899 .
1900 .
1901 .
1902 .
1903 .
1904 .
1905 .
1906 .
Jan.
1896 .
1897 .
1898 .
1899 1900 .
1901
1902
1903
1904
1905
1906
.
.
.
.
-
45,989,029
51.338,343
59,070,798
58,557,395
72,738,157
86,357,583
89.028,687
91,360,580
99,543,300
95,184,283
120,728,0711
to
Year
Preceding.
Increase or
Decrease.
+
41,603,813
4,385,816
—318,014
51,656,357
51,904,681 + 7,166,117
59,965,541 —1,408,146
59,566,102 + 13,171,995
78,722,604
7,634,979
84,859,745
4,168,942
80,898,616 + 10,461,964
96,130,791 + 3,412,515
98.487,848 —3,303,565
95,625,938 +25,102,733
+
+
Year
Year
Given.
Preceding
13,003 324
15,311 914
827.770
095,623
396,058
626,170
650.437
26,537 607(23 485.478
20,478; 954 25, 923,786
24,115,
153,394
23,045,
382,875
20.072,
618,871
33,486,
937,363
18,103, 731
15,538, 962
21,637, 1.35
Feb 28.
95,102 ,277l 86, 458,209
101,492 516105, 374,919
119.859 :737 104, 874,285
124,415 326,121, 243,645
151,924,,150'l26, 666,851
181,194 493104, 437,169
190,330 238^177, 922,896
192,204 654 173, 131,367
200,743 375
086,011
202,400 948
274,819
248,918 926
261,570
,644,068
—3 ,882,403
+ 14 ,985.452
+ 3 ,171,081
+ 25 ,257,299
+ 16, ,757,324
+ 12, ,407,342
+ 19 .073,287
— ,342,636
+ 3 ,126,129
+ 46 ,657,356
27,311, 39S 23, 035,060
29,291, 805,29, 164,314
36,089, 534'30, 082,953
34,842, 470136, 738,371
46,684, 999 35, 171,210
58,302, 140 50, 580,097
59,535, 970 56, 959,585
54.136, 648 .52, 894,125
46.770, 405i57, 073,860
47,315, 959148, 063,845
72,007, 540 46, 876,034
i
i
Increase or
Decrease.
+ 2,175,554
+ 1,210,291
+ 2,707,673
—3,087,208
+ 5.986,698
+ 3,052,129
+ 555,168
+ 961,987
—2,337,568
—3,545,907
+ 13.649,271
Yazoo & Miss Val
Central of
Minn St P
N
&
J
S S M
Colorado Sou system..
Denver & Rio Grande..
Grand Trunk
(3 rds.)..
Mobile & Ohio
Hockin.g Valley
Central of Georgia
St Louis Southwestern.
& Reading
a;42,879
41,551
40,000
39,642
39,372
38,775
32,718
30,670
Gulf & Ship Lsland
Chic Ind <fc Louisv
Nashv Chattan & St L.
New Or & Tex Pac
Iowa Central
Cine
Total (54 roads)
$13,206,593
X These figures are for the Railroad Co.; the Coal & Iron Company re*•
ports a decrease of 819,544.
y These figures cover lines directly operated east and west of Pittsburgh and Erie. The net on Eastern Unes increased $1,139,300 and the
net on Western lines increased 8257,300.
say that when the roads are arranged
in groups every group records a large increase in both
It is needless to
—10,303,455
—747,886
+ 2£, 131,506
—
Group
February
Trunk
same
unique character as for the roads as a whole. The
Pennsylvania Railroad, with its gain for the month of
$3,093,100 in gross, stands at the head of the list,
but there are many other roads in various parts of
1906.
1905.
Increase.
I
lines (10)-.-
Anthra. Coal (5)-East &Mid (16)---
Mid West
1905.
S
3.3,616,931 27,590, 797i 8 ,136,572 4,874,607 3 ,261,965 66
8,099,002
252,378 11
6.792, 000 2 497,076 2,244,698'
4.163,145
816,891
471,881 136
3,403, 499
345,010
7,927.235 6,335, 338 2 ,466,071 1,242,384| 1 ,223.6871 98
(15)
Northwest and Nor.
16,251,818 12.732,2&7 4,829,873 3,094,659
Pacific (14)
of the
Net Earnings.
Gross Earnings.
Section or
1906.
is
Phila
Western Maryland
West Jersev & Sea Sh..
+ 4,276,338
+ 127,491
+ 6,006,581 gross and net. The evidence is furnished in the state—1,895,901
+ 11,513,789 ment we now give.
+ 7,722,049
+ 2,576,385
+ 1,242,523
SUMMARY BY GROUPS.
Note.
Includes for February, 130 road.s in 1896; 124 in 1897; 136 in 1898; 125 in
1899; 123 in 1900; 131 In 1901; 117 in 1902; 106 in 1903; 104 in 1904; 98 in 1905 and
101 in 1906. And from Jan. 1 to Feb, 28, 129 roads in 1896; 123 in 1897; 135 in 1898;
123 in 1899; 123 in 1900; 131 in 1901; 110 in 1902; 100 in 1903; 104 in 1904; 98 in 1905
and 99 in 1906. Neither tlie Mexican roads nor tlie coal-mining operations o£ the
anthracite coal roads are included in any o£ these totals.
For the separate roads the showing
175,245
144,124
143,345
139,698
135,284
125,070
122,977
109,496
108,927
107,302
Southwest and Sou.
31,020,204 23,683, 84S:
19,650,336 15.08S, 159
Pacific (17)
Southern (24)
Total (101)
Mexican
9,
5,
001.7.34
738.417
1,735.214 66.07
4,096,2941 4, 905.440,119
4,039,7111 1 698,706 42
120.728,671, 95.625, 938,33, 486.634; 19.937,363113, 549,271
(4)-
4,431,979,
3.958, 831'
1,
450,258, l,189,2S0l
261,005
Feb. 28,—
Trunk Lines (10)--! 70. 380,247' 57,714, 81218,453, 056ill,272, 780 7,180, ,276 63
Anthra. Coal (5)--i 17, 059,028 14.461, 411 5,616, 753 5,159, 303
8
457. 450
Kastand Mid (16). 8, 626,308 7,036, 438 1,774, 610
950 ,205.116
824, 405
Mid West (14)
15, 608,195 12,919, 670, 4,892, 010 2,824, 447 2,067 563, 73
Northwest and Nor.
Pacific (14)
33,646,267, 27.087,19510,781,622 7,451,4281 3,330.094 44.6»
Jan.
1 to
|
the country.^ whose increases also reach very excep-
!
I
I
and
though they do not equal those of the Southwest(17) Sou 63, 294.740 51,157, 42118,471 .526 10.672,6841 7,798, 842 73
Pacific
40, 304,141 31,884, 623;i2,018;063; 8;670 987| 3,347, 076 as
Pennsylvania Railroad. In the net the Atchison, Southern (23)
Total (99)
1248.918,926202,261, 570 72,007.54046,876.034^25,131,506
with an increase of $1,465,975, actually surpasses the
Mexican (4)
9,295,314
8,220,679 3,145, 143| 2,547,9661
697.177
Pennsylvania, whose gain is $1,396,600. The following table will show the general and striking character
Besides the roads embraced in the foregoing, there
of the gains.
It is intended to embrace all changes, are a few large companies which are necessarily exwhether increases or decreases ,|f or amounts in excess cluded because while furnishing returns of gross they
of $30,000.
As it .happens, the list is made up entirely do not give out figures of net. Starting with the totaj
of increases, there being no decreases in any case as of the gross contained in the foregoing, we now add
large as $30,000, and only three decreases of any kind on these other roads, thus getting a total of the gross
in the gross and ten in the net out of the whole 101 comprising every road in the country from which it
roads contributing returns.
has been possible to procure figures.
tional figures,
I
1
THE CHRONICLE.
ROADS REPORTING GROSS BUT NOT NET.
—The New
Apr. 21
903
1906.
York Senate on Tuesday defeated the Pag e
repealing the tax on the surplus of New York State
A similar bill, introduced by Senator Foley,
savings banks.
A bill for
is now before the Senate Judiciary Committee.
Bill,
1905.
1906.
February.
Reported above (101 rds.) 120,728,671
Ala N O & Tex Pac—
New Or & Nor Eastern
Alabama & Vicksburg.
Vicks .Shreve & Pac
90, .333
97,013
3,403,306
761,000
322,095
2,970,511
217,748
251,305
2,376,297
177,406
26,891
Montana Central
172,656
121,433
113,358
4,589,363
943 ,828
. _
18,421
397,3.59
8,637
Southern
& Gt Northern
Illinois
458,400
Internat'l
Macon & Birniinsrham...
Mobile Jack
NY
& Kan
& Hud
Central
Nortliern Pacific:
Texas
&
Kiv.
Pacific
Tex Sabine Val & Nor
Toronto
Ham &
W
Buffalo.
'"•Total' (118 roads)
Net increase (26.36%).-
In
this
13,133
103,197
6,582,124
4,023,893
1,113,014
13,000
55,931
City.
way,
Decrease
95,625,938 25,102,733
259,9.52
Chicago <fe Northwestern.
Chicago St Paul Min & O
Det Tol <fe Ironton, inrl.
Ann Arbor system
Great Northern system..
Increase.
the repeal of the tax succeeded last year in passing the Senate but was defeated in the Assembly.
87,296
31,100
16,345
1,186,057
182,822
—The Tacoma Clearing House recently adopted a resoluby P. C. Kauffman, Second Vice-President of
the Fidelity Trust Company of Tacoma, and seconded by A.F,
Albertson, Vice-President of the National Bank of Commerce, indor.sing the bill now pending in the House at Washtion, offered
70,790
.594,214
40,342
8,470
61 ,041
ington to provide a uniform formula relating to
4,496
61,925
1,186,790
853,497
255,131
4,300
13,936
41,272
5,395,334
3,170,396
857,883
8,700
41,995
— A movement
be seen, the aggregate of the gain
in gross earnings for the
month
is
raised to $29,761 ,285,
the total of the gross for February 1906 being $142,656,542 as against $112,895,257 for February 1905.
The ratio of gain, it will be seen, is 26.36 per cent.
Last year there was a loss, according to the same
method of computation, of $3,537,629, or 3.01 per
cent.
ITEMS ABOUT BANES, BANKERS AND STOCK
— The
public sales of
bank stocks
this
of
headed by Albert H. Lawrence, a member
Produce Exchange, is under way to organize a new
bank to be called the Commercial Exchange National Bank,
and to occupy the old quarters of the New York Produce
Exchange Bank in the Produce Exchange Building. The
subscribed capital is to be not less than $300,000 and not
over $500,000 in shares of $100 each, payment being made
at the rate of $150 per share, $50 being for surplus account.
A representative board of directors, it isstated, will be chosen
from the leading and active members of the Produce, Cotton,
Coffee, Maritime and Stock Exchanges and the Custom
House Brokers' Association, and the directors selected are
not to be connected with other banks. The organizers of
the new institution propose to do a strictly commercial and
mercantile business, catering to the merchants, manufacturers and shippers in the lower downtown district, which
will receive renewed impetus with the opening of the new
Custom House on BowUng Green.
of the
142,656,542 112,895,257 29,761,285
29,761,285
it will
bills
lading.
CO.'S.
week aggregate
278 shares, of which 208 shares were sold at the Stock
Exchange and 70 shares at auction. The transactions in
trust company stocks reach a total of only 9}/^ shares.
With the exception of Title Guarantee & Trust Co. stock,
which on a sale of 2 shares shows an advance of 20 points
over the price paid in March, only shght changes in quotations are noted.
—
N. Penrose HaUowell, Hugh G. Levick and David Shaw
were admitted as partners to the firm of Lee, Higginson &
Co. of Boston on the 16th inst.
—
The stockholders of the New Amsterdam National Bank,
Broadway and Thirty-ninth Street, of which Miles M.
O'Brien has been lately elected President, will be asked at a
meeting May 14th to consider a proposition increasing the capital stock from $500,000 to $1,000,000.
special
Shares. BANKS
New York. Low. High.
6258 Commerce, Nat. Bk. of. 188J^ 190
20 Gallatin National Bank. 395
395
TRUST COMPANIES—A'cw York.
219
7J^ Bowling Green Trust Co. 219
2 Title Guar. & Trust. Co. 660
660
amount 208 shares were
Close.
190
395
Last previous sale.
April 1906— 188
Feb.
1906—
395
— A.
Bank
219
660
1906— 219M
March 1906— 640
April
E. [G. Goodridge, Vice-President of the Interboro
was elected a director of the Atlantic Safe
of this city
,
Deposit Co., William Street and Exchange Place, at the
annual meeting held Tuesday.
—
The'^banking house of J. & W. Seligman & Company
calamity at San Francisco this week fell with will erect a fine new eleven story bank and office building on
especial severity upon the banking community there.
Al- the corner converging at WiUiam, South William and Stone
most the entire business section of the city was consumed streets. The purchase of the ground by^the Messrs. Seligman
by fire, and with it the various bank buildings and banking was announced in this department more than a year ago.
oflBccs.
The International Banking Corporation of this The concern will occupy the street floor and basement. A
city received a dispatch yesterday from William H. High, mezzaninegallery will be built over the main offices, an innoManager of its San Francisco branch, fully confirming this vation very extensively adopted of late in the large banking
statement.
Mr. High, who was formerly a California Bank rooms of the newest buildings in the financial district. The
Commissioner, stated tersely that all the banks, hotels, exterior of the building is to be Italian Renaissance in
Hall of Justice and City-Hall were gone.
He also advised style, the facade of granite at the first story and limestone
that in Oakland, which suffered from earthquake alone, above. It will be ready for occupancy in about a year. J.
considerable damage had resulted to three of the bank & W. Seligman & Company have been located on their
buildings.
present site, at the northeast corner of Broad and Exchange
The New York State Assembly this week concurred in the Place, where the^ Mills Building now stands, since the firm
Senate amendment to the Wainwright bill regulating the was organized in the early sixties.
reserves of trust companies within the State.
Senator Lewis's bill, designed to]jbring private banks
The bill now
awaits the Governor's signature.
under State supervision in Iowa, was defeated in the Iowa
The U. S. House of Representatives on Monday, by a vote Senate before the Legislature's recent adjournment. The
of 193 to 7, passed the bill amending the National Banking Act bill had been passed out of the Senate Committee on Banks
so as to permit banks to lend to a single firm or individual to on March 13 by a vote of five to four in its favor.
6
Of
this
sold at the Stock Excliange.
— The
—
—
—
the extent of 10% of capital and surplus combined, but not
exceeding in total 20 per cent of the capital stock. Under
the present law the banks are permitted to loan only to 10%
Resolutions recommending the passage of the
bill have been adopted by various Clearing House Associations throughout the country.
of capital.
—The Court of Appeals at Albany handed down a decision
on the 17th
unanimously sustaining the constitutionlaw of New York State, which
went into effect June 1 last year, and which imposes a tax of
$2 per 100 shares on stock transfers. The decision affirms
the ruling of the lower courts the Supreme Courtjand the
Appellate Division (First Department) in the case of Albert
J. Hatch, brought to test the validity of the law.
inst.,
ality of the stock transfer tax
—
—
— The
stockholders of the Northern National Bank of
hold a special meeting on May 21 to vote on
this city will
a resolution
to
authorize
an increase
in
the
maximum
number of directors, and to elect the additional members.
The intention to enlarge the board was referred to in our
issue of March 24, at the time of the announcement of the
completion of arrangements for the bank's purchase by a
syndicate and the election of Hcniy Dimsc to the presidency.
—Wilbur F. Hendrix, Cashier of the Rye (N. Y.) National
Bank, and Secretary of Group VI. of the New York State
Bankers' Association, informs us that the annual meeting
of the group will be held this year at Lake Mohonk Mountain House, Lake Mohonk, N. Y., on J'riday and Saturday,
June 8 and 9.
904
— Frodorick
C.
Colton
has
resigned
as
THE CHRONICLE.
—The directors
Second Vice-
Brooklyn Trust Company of Brooklyn
Borough, the resignation to take effect on May 1. Mr.
Colton severs his connection with the company because of
He has for forty-five years been
his desire to take a rest.
actively engaged in business, and for the pa,st twenty-two
years has been identifled with the trust company.
President of
the
—
It is stated that the new stock to be^voted by the stockholders of the Franklin Trust Company of Brooklyn Borough next Tuesday will be sold at $300 per share of $100.
—
At a meeting on Tuesday the directors of the North
Side Bank of Brooklyn Borough elected Paul E. Bonner
Mr.
President, to replace Thomas W. Kiley, resigned.
Bonner was formerly Cashier. Henry Billman succeeds to
the latter
office.
—The Comptroller of the Currency
[Vol. LKXXiL
of the Western National Bank of Baltimore, Md., at a meeting on the 17th inst, adopted resolutions
recording expressions of regret over the death of Gustav
Gieske, for twenty-four years a member of the board.
— The]Comraonwealth|Bank of Baltimorejhas called a specmeeting of its stockholders on May 17 for the purpose of
acting on a proposition to increase the capital from $100,000
ial
to $200,000.
—
The entire amount of $1,030,000 which the State of
Pennsylvania had depo.sited with the Enterprise National
Bank of Allegheny, Pa., at the time of the suspension of
the latter last October, has been repaid to the State, together
with interest amounting to $14,343 15.
John A. Topping, President of the Republic Iron &
Steel Company, and Chairman of the Board of the Tennessee
Coal Iron & RR. Company, has been elected a director of
the Iron City Trust Company of Pittsburgh to succeedJMurry
A. Verner, resigned.
Robert McDonald Jr., Vice-President of the Iron &
Glass Dollar Savings Bank of Pittsburgh, died on the 8th.
'
—
approved an applicaNaIn the
tional Bank of Jamaica, N. Y.; capital $100,000.
"Bulletin" of the 16th inst, issued from the Treasury Department, it is stated that this is in lieu of the application inst.
of W. A. Faulkner and others for authority to organize
—The Bank of Pittsburgh, N. A., of Pittsburgh, has, it
under the same title, approved February 13 1906. The
is announced, established a bond department for the purpresent application is made by W. C. Baker of Jamaica,
It will
chase and sale of high-grade investment securities.
Ludwig Nissen and R. W. Jones Jr. of the Oriental Bank,
be under the management of E. C. Morey.
New York, James C. Van Siclen, D. L. Van Nostrand,
The election of officers of the new Terminal Trust ComH. A. Van Allen and others.
pany of Pittsburgh, organized by interests in the Pittsburgh
Robert S. Ross has been elected President of the Third Terminal Warehouse & Tran.sfer Co. and the Pittsburgh
National Bank of Jersey City, N. J., to succeed John D. Trust Company occurred on Tuesday. James I. Buchanan
Mr. Ross is a Vice- has been chosen President; Charles H. Hays Vice-President,
Carscallen, who died on the 8th inst.
President of the Commercial Trust Company of New Jersey and James L. Carson Secretary and Treasurer.
Particulars
at Jersey City, and had held a similar office in the bank of concerning the company's organization were given in this
which he has now become President.
column in our issue of February 3.
A dividend of 10 per cent, payable on or about May 10,
The South Side Trust Company of Pittsburgh announces
has been declared by Receiver C. L. Williams of the Fre- its removal to Fifth Avenue and Cherry Alley. The instidonia National Bank of Fredonia, N. Y. The bank failed tution began business in June 1901. Its officers are BenjaA 25 per cent dividend was paid last Decem- min Page, President; J. B. Laughlin'and Charles E. Breitin June 1905.
ber, making in all thus far 35 per cent.
weiser, Vice-Presidents; George Kirch, Secretarj'^ and TreasNational Bank of Springfield, Mass., now urer; A. W. Ballard, Assistant Secretary, and W. S. Thomas,
The Second
forming part of the Union Trust Company, was placed in Solicitor.
The proposition to increase the authorized capital of
voluntary liquidation on the 30th ult. This was the fourth
institution to transfer its business to the trust company, the Treasury Trust Company of Pittsburgh from $250,000
similar action having previously been taken by the City to $350,000 will be submitted for the ratification of the
James E. Glass, President of the
National, the First National and the John Hancock National stockholders on June 6.
company, last month acquired a controlling interest in the
banks.
tion
on the 11th
inst for the organization of the First
—
—
—
—
—
—
—
—The stockholders of the
Bunker Hill National Bank of Traders' & Merchants' Bank of Pittsburgh.
Reese G. Brooks has been elected President of the Dime
meet on the 23rd inst to vote on its liquidation.
Control of the bank was lately secured by the City Trust Deposit & Discount Bank of Scranton, Pa., to succeed the
Company, and it is to be operated by the latter as a branch. late Charges du Pont Breck. The new President was forRobert G. Shaw Jr. has been elected Assistant Treasurer merly Vice-President, and his successor in the office he
Charles F.
Cashier.
of the Beacon Trust Company of Boston. Control of the vacates is H. G. Dunham, previously
Wolfe Assistant Cashier.
institution lately passed to interests identified with the Hess becomes Cashier and O. R.
Boston
—
will
—
—
Henry C. Herbig, Treasurer of the Ohio Bankers' AssoCompany of Boston.
Monument National Bank of Boston, whose busi- ciation, and formerly Cashier of the Commercial National
was taken over by the Bunker Hill National Bank in Bank of Coshocton, :^Ohio, died on the 15th inst. He was
Mercantile Trust
—The
ness
May
1905 has paid a third dividend in liquidation, making,
reported, the total distribution thus far $165 per share.
fifty-five
years of age.
—
During the past five years the Central National Bank
it is
of Cleveland has enjoyed a noteworthy increase in its busiJohn S. Bioren has been elected to the directorate of
We give the following comparative statement:
ness.
the Merchants' Trust Company of Philadelphia.
—
—We have prepared the following table to show the extent
to which the business of the
Corn Exchange National Bank
of Philadelphia has increased during^the past fifteen years:
Surplus
Date.
Deposits.
Proits.
May
May
4 1891
April
24 1901
6 1906
April
&
$355,065
430,438
740,485
998,487
7 1896
$2,471,561
4,250,840
12,567,612
15,532,805
have advanced to
and profits have risen from
Benjamin Githens is President,
$998,487.
William W. Supplee Vice-President, Charles S. CalwcU
Caihier, and M. N. Willits Jr. Assistant Cashier.
The
deposits, in 1891 only $2,471,561,
$15,532,805,
$355,065 to
—
while
surplus
Rurplus and
Date.
Dec. 19
Dec. 13
Dec. 13
Jan. 11
6
Apr.
Deposits.
1890
1895
1900
1905
1906
Profits.
Total.
$938,482
$38,519
164,919
279,082
393,195
544,313
$2,004,291
3,297,490
5,823,622
6,684,573
8,769.701
1,842,571
4,364,540
4,683,877
5,304,888
As shown above, deposits, which were only $938,482 on
Dec. 19 1900, 'have reached a total of $5 304,888; surplus and
profits have advanced from $38,519 to $544,313 and aggreThe bank
gate resources from $2,004,291 to $8,769,701.
has a capital of $1,000,000. The amount was increased
the past year from $800,000, and it is proper to state that
a portion of the addition to surplus and profits since January
1905 resulted from the sale of the stock at a premium.
Colonel J. J. Sullivan is the well-known President; E. W.
Oglebay is Vice-President, C. A. Paine is Casliier and L. J.
Cameron Assistant Cashier.
The new Kensington Trust Company of Philadelphia,
which will have offices at 2638 Kensington Ave., is preparing
The capital is $150,000, and
to open for business on May 1.
The stockholders of the Dime Savings Bank Company
the officers are George S. Cox, President; James Henry and
E. T. Flood, Vice-Presidents, and Charles^L. Martin, Secre- of Toledo will decide next month upon the question of
increasing its paid-in capital of $100,000 to the authorized
tary and Treasurer.
—
Apr. 21
amount
waive
THE CHRONICLE.
1906. J
The shareholders
of $200,000.
will
new
declared a semi-annual dividend of 2 per cent on its present
This, it is stated, is the first dividend
capital of $2,000,000.
about a
since the defalcation of former President Bigelow
new
year ago.
be asked to
their rights to one-half their holdings so that
may become identified with the institution.
interests
— Preliminary
steps have been taken to organize a
905
—
—
J. H. Van Dyke Jr., President of the Milwaukee Trust
Company, of Milwaukee, Wis., and a director of the First
National Bank of Milwaukee, died on the 12th inst. He was
President of the Van Dyke Knitting Company of Milit is to be entirely independent of all similar institutions or also
waukee. For a few months last year, following the anbanking interests.
nouncement of the troubles of the First National Bank,
Frank L. Powell, President of the Capital National Bank
trust
company
name
in Detroit, the
which
of
in all prob-
The instituability will be the Securities Trust Company.
tion is to have a capital and surplus of $500,000 each, and
of Indianapolis, Ind., died at Gulfport, Miss., on the 11th
Mr. Powell had been in ill-health for some months
inst.
past and had gone South in the hope of recruiting his strength
He had been President of the bank since June 1904, and
was also President of the Madison Safe Deposit & Trust
Company, of Madison, Ind., where he was born forty-six
,
years ago.
—The demolition of the buildings at the northeast corner
of Meridian
and Pearl
streets, Indianapolis,
replaced by the new banking house
National Bank, is about to be started.
to be entirely of granite,
and
will
of
which are to be
the
Merchants'
The new bank
build-
have a ground
floor
ing is
Designed exclusively for the
area of 5,200 square feet.
institution's own needs, the building will be sixty-five feet
Four Ionic columns will be the most striking
in height.
Van Dyke served the
He was in his forty-eighth
Mr.
waukee
in
—The
latter as
First Vice-President.
year, having been born in Mil-
August 1858.
Bank
of Tidewater, of Portsmouth, Va., has been
incorporated to conduct a general banking and safe deposit
The management will be under the direction of
business.
T. L. Cleaton, President; E. L. Lash, Vice-President, and
R.
S. Marshall, Cashier.
— At a special meeting on the
of the First National
Bank
12th inst. the stockholders
of Nashville, Tenn., authorized
the increase of $100,000 in the capital, making it half a
The plan, mentioned last week, to sell the
million dollars.
new stock to the shareholders of the Merchants' National
(which is to consolidate with the First) and the other interests
The Merto be allied with the latter, was also ratified.
The banking room proper will be chants' National, it is stated, will begin liquidating at once.
located on the ground floor, and a second-story gallery will E. A. Lindsey, its President, has been elec ted a Vice-Presi
be made use of by the clerical force. A complete safe de- dent of the First National.
posit department is to occupy the basement, and in a subA charter has been granted to the Hibernia Bank of
basement the bank's heating and ventilating plant will be Savannah, Ga'. The institution is to have a capital of
Until the completion of the building the insti- $200,000 and a surplus of $50,000.
installed.
M. A. O'Byrne is to
tution is occupying temporary quarters at 35 South Meridian be President, Charles Ellis Vice-President and Joseph W.
Street.
Heffernan Cashier. The latter was Assistant Cashier of
The Commonwealth Trust & Savings Bank, the new finan- the Southern Bank of the State of Georgia at Savannah,
Citizens'
cial institution organized by the Federation of Labor in prior to its consolidation in February last with the
"Chronicle" of Nov. 25, is Bank.
Chicago, and referred to in the
advertised to open for business May 19 in the ciuarters forG. B. Thomas has been elected Vice-President of the
merly occupied by the Colonial Trust & Savings Bank, on Central Trust Company of Mobile, Ala., to succeed F. B.
George M. Merrill, resigned.
the corner of La Salle and Washington streets.
Dreblow is to be President and Manager. The Board of
The American Savings Bank & Trust Company has
Directors consists of A. B. Adair, Chairman; C. M. Rau, lately been organized in Shreveport, La., with an authorized
Vice-Chairman; K. G. Torkelson, Treasurer; C. F. Strubbe, capital of $500,000. The bank will start with a paid-in
Secretary; J. C. Harding, J. G. H. Lampadius, John G. capital of $100,000.
Senne, J. J. Soutesby and C. P. Shanke. Claim is made
An application to organize the Exchange National Bank
that $264,000 of stock has already been subscribed. The
of North Fort Worth, Texas, capital $50,000, has been
amount of capital stock has been fixed at $500,000 instead
approved by the Comptroller. The bank is a conversion
The bank, which
of $2,000,000 as at first contemplated.
of the North Fort Worth State Bank.
was organized under the laws of Arizona, will be placed
A petition was filed several weeks ago to change the
under the jurisdiction of the Illinois laws as soon as arrangeincorporated in 1888 as the Market
ments can be made. Officials of the new institution state name of an institution
Street Bank, to the West Side Bank, and its place of business
that offers have been received to clear through three Chicago
Francisco to Los Angeles. This bank, which is said
banks, and that an application for membership in the Chicago from San
to have carried on businessfor awhile after its incorporation,
Clearing-House Association is to be made.
has no connection, it is said, with the present Market Street
Charles Albert Ward, a Vice-President and director
Bank which has been in operation in San Francisco at
of the Bankers' National Bank of Chicago, died at his home
Seventh and Market Streets.
Mr. Ward was also a direcin Evanston, 111. on the 15th inst.
The April 6 statement of the Fidelity Trust Company
tor of the Commercial National Bank of Port Huron, Mich.
an increase
of Tacoma, Wash., shows deposits of $2,640,774
A permit has been issued for'^the organization in Chicago of $621,290 since the first of the year. The aggregate rethe Northwest Savings Bank
of two new State institutions
The company's capital is
sources are now $3,024,431.
and the Northwest State Bank. D. Avery Kimbark, C. R.
its undivided profits $83,406.
$300,000 and
Lathrop and M. Peterson are the incorporators of both, and
Branches of the Canadian Bank of Commerce (head
A title .similar
the capital in each instance is to be $250,000.
which re- office Toronto) have recently been opened at the following
to the above has been adopted for another bank,
in
This is the points: Canora, Sask., with H. J. White temporarily
ceived permission to organize early in February.
charge; Crossfield, Alta., James Cameron temporarily in
Northwestern Trust & Savings Company, projected by John
charge; Latchford, Ont., W. H. Collins temporarily in
T. Smulski.
Sask., J. C. Kennedy temporarily in charge;
On May 1 the State Bank of Kansas City, Kansas, will charge; Vonda,
Wingham, Ont., A. E. Smith, Manager.
have a capital of $100,000 the amount being increased from
The stockholders of the Traders' Bank of Toronto on the
$50,000. The new issue, authorized by the stockholders on
March 29, is now being sold at $103, and is payable not later 17th inst. unanimously approved the proposition to increase
than April 25. The institution started business on May 1 the authorized capital from $3,000,000 to $5,000,000.
1905.
Its officers are C. K. Wells, President; F. S. Mer- They also authorized the change in the date of the annual
meeting from June to January, and the payment of divistetter, Vice-President, and C. N. Prouty, Cashier.
feature of the exterior.
—
—
—
—
—
—
—
—
,
—
—
—
—
—
— A.
—
H. Bates has
retired as Cashier
—
and director
of the
dends quarterly, instead of semi-annually as heretofore.
—The sale of the Merchants' Bank of Prince Edward Island
Bank of Topeka, Kansas, to engage in
board V)y E. B. (head office Charlottctown) to the Canadian Bank of ComHe is succeeded on tiio
merce has been ratified by the former's stockholders. AnMerriam.
According to the new.spapcrs, the First National Bank nouncomont of the purcliase was made in this department
B3
of Milwaukee has resumed the payment of dividends, having March 10.
Capital National
private business.
—
i
'
INTEREST-BEARING liEBT MARCH
IMPORTS AND EXPORTS FOR MARCH.
The Bureau
of Statistics at
WafshiiiRton has is.sued
tlie
913,585
839,430
13,730
19,954
2,606
2,080
5,625
—1,007
Total... 25,809
43,995
-18,186
86,778
Ocl'.-Dcc.
.lamiarv
..
February
.
...
Silver
and
4,480
3,508
33,440
Total... 51,-597
+ 5,027
+ 6,639
+ 2,830
+ 1 ,955
+ 1,706
—2,741
+18,157
+ 6,860
+ 4,595
+ 2,443
+ 1,975
+ 1,660
5,902
6,410
1,922
2,061
2,532
36,360
+17,533
18,827
Gold.
yferchandise.
Silver.
Excess
Excess
Ex-
Im-
ports.
Months.
ports.
S
S
1905-06.. 1,343,914 913,585
1^4-05.. 1,145,039 839,430
1903-04.. 1,167,835 745,710
J902-03-- 1,114,162 777,002
1901-02.. 1,080.987 678,694
1900-01.. 1,139,069 599,427
01
Im-
Ex-
Exports ports.
$
430,329
305,009
422,125
337,100
402,293
540,242
8
a
$
1
25,809 43,995 018,186
86,778 46,202 40,516
17.398 73,407 056,009
18,389 39,402 021,013,
43,365 44,573 al,20S:
32,822 58,768 025,946
c
51,597
36,300
36,131
37,854
38,956
50,371
Im-
of
ports.
Exports
$
33,440
17,5.33
i
a Excess ot imports.
Similar totals for the three
years
make
months
January
since
1
for six
$40,200 00
26,700 00
i:j5,150 00
937,375 26
$1,139,425 26
$346,086,016 00
,
r^V'B.l 59
00
.-
-
—
National bank notes redemption account
Fractional currency, less $8,375,934 estimated as lost or destroyed.
41 .583.908
6.865.959 08
.
.$395,184,165 58
Aggregate debt bearing no interest
RECAPITULATION
Debt—
Classification ol
Interest-bearing debt
Debt, interest ceased
Debt bearing no interest...
Af eft. 31 1906.
3895,159,170 00
1,1.39,425 26
395,184,165 58
Irurease (
or Decrease
/«6. 28 1906.
$895,159,170 00
1,156,705 26
393,923,766 08
Total gross debt.
$1,291,482,760 84
309,859,322 46
Cash balance in Treasury.o
(
)
—
)
—$17,280 00
+ $1,260,399
+ $1,243,119
$1,290,239,641 34
302,718,086 16
$981,623,438 38
+
$987,521,555 18
50
50
7.141,236 30
+
—$5,898,116 80
opncluding $150,000,000 reserve fund.
The foregoing figures show a gross debt
of $1,291,482,760 84 and a net debt (gross
in the Treasury) of $981,623,438 38.
on March 31 1906
debt less net cash
TREASURY CASH AND DEMAND 'LIABILITIES.—
The cash holdings of the Government
March 31 are set out in the following:
ASSETS.
Trust Fund Holdinm
—
as the items stood
LIABILITIES.
I
—
Trust F und Liabilities
$
544,746,869 00 Gold certificates
409,729,000 00 Silver certificates
7,794,000 00 lYeasury notes of 1890..
Gold coin
Silver dollars
Silver dollars of 1890...
$
544.746,869 00
469.729.000 00
7,794;000 00
Total trust liabilities. 1,022,269,869 00
Total trust fund
1,022,269,869 00
Gen .Fund Liabiliteis
GemralFund Holdings
National Bank 5% fund.
21,441,301 12
Gold coin and bullion
462,034
Outstanding checks and
Gold certificates
916.250
drafts
10.760,126 70
Silver certificates
,618,305
Disbursing ofiQcers' balSilver dollars
,994,429
ances
56,809,490 33
Silver bullion
72,350
Post Office Department
United States notes
,156,935
account
11,134,918 21
Treasury notes of 1890.
25,905
Miscellaneous items
1,863.917 91
National bank notes
13 ,589,751
—
(
the following exhibit:
Merchandise.
Three
Gold.
Silver.
Excess
Ex-
Im-
ports,
MonUis.
United States notes
Old demand notes
18.157
18,827
20,818 15,313
18,843 19,011
22,421 16,525
29,336 21.035
26,700 00
137.150 00
93/, 655 26
DEBT BEARING NO INTEREST.
Excess
Ex-
of
Exports ports.
ports.
^^jJ-iOO 00
.$1,156,705 26
Interest has ceased
Total net debt
subjoin the totals for merchandise, gold and silver for
1 for six years:
Mch. 31.
Feb. 28.
of 1891. continued at 2%. called May 18
1900: Interest ceased Augu,st 18 1900
Funded loan of 1891, matured September2 1891
-.
Loan of 1904. matured February 2 1904
Old debt nuitured prior to Jan. 1 ISOland later
Funded loan
inaport.s.
the nine months since July
Nine
registered 4s, loan of 1907: of $50,000, registered 28 ot 19.J0
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
+40,516
12,762
11,005
4,365
4,036
4,192
— Excess of
Excess of exports.
We
+ 3,136
+ 6,406
Silver in Ore.
9,334
11,431
4,687
+
+ 22,064
+ 14,932
+ 12,601
Of S20,006,
—6,340
46,262
38,172
16,828
14,794
2,393
.
14,591
3.50
ARuregate Int.-ncaring Debt. 1.737.996.060 796,654.860 98.477.900 895,159.170
Note.
IJcnonilnatlons of bonds are:
.
....
...„„
Of $10 only retundInK ocrtiDcates: of $20, loan of 1908, coupon and registered.
Ol $50 all iM.sw(\s oxcx-pt 3s of 190H: ot $100, all Issues.
Of $.500. all except 5.>< of 1904 coupon: of SI .000, all Itwues.
Of $5,000, all rcKistered 2s, 3s and 4s: of $10,000, all reKl8t«red bonds.
Debt on which
2,846
4,117
5,742
8.486
4,618
—10.884
—15,837
.lulv-Sept
+305,609
20,931
16,108
1,896
2,193
5,134
-(-430,329 1,145,039
in Ore.
Total.
$
i
%
387.840.650 8.101,700 595,942,350
000 33.080.100.30,805.300 a5.945.4G0
J9S'792
740 932,900 82.473,550 34.281,500 116,755,050
20,410
40'012 750
162 '315,400 93.260.500 25.229,400 118.489.900
595 942
—
(In the following tables three ciphers (000) are in all cases omitted.)
-1904-051905-0(V
Excess.
Excess. Exports. Imports.
K.Tports. I m porta.
$
$
S
Merchandise. S
-1-68,086
311,743 243,057
.361 ,.583 282,332
Julv-Sipt
-1-181,335
465 ,K.5() 284,515
Oct. -Dec 524.4.39 306,871
98,343
-f- 25,254
123, .597
170,(iO;?
106, ,522
.lanuarv
103,0X4
+ 3,787
106,X71
Februarv .141,767 104,235
110,431
-t- 26, 547
136, 97S
March . 145,522 113.625
Qold and Gold
Coupon.
Iteaisteretl .
issued
9
Interest
—
payable
Loan
Q.—J.
Consols of 1930
Q-— F38, Loan of 1908-18
4s, FiiiKkd loan, 1907. ..Q.— J.
48, Hefund'K ccrtlflcates.Q.— J.
Q.— F.
48, Loan of 1925
Title of
28.
KORERIN THADK MOVliMENP OF THE UNITED STATES.
Total .1.343,914
31 190C.
-A mount OulsUinding
Aniount
etatement of the country's foreign trade for March, and from
it and from previous statements we have prepared the following interesting summaries:
March
[Vol. Lxxxn.
THE CHRONICLE.
906
ports.
of
Excess
Ex-
Im-
Exports] ports.
$
18,846
1906
1905
1904
1457,892 324,.382il33,510
1367,446 311,858! 55,588 34,015
.?80,733 262,900 1 17,773
4,387
1903
1902
1901
.591 ,072:264, 027127,
645
337,404231,715105,749
,373,757 209,696,164,061
I
Exports ports
ports.
Im-
Ex-
of
"f
ports. [Exports
i
S
8,535
9.223 24,792
22.115 017,7281
2,635
8,390 OS, 761!
15,073!
5.739
9,334i
9,128;
8,644
484
10,311
Excess
19,106 12.675
i.^,.jao:
6,515'
12.593
13,026!
11,109.
11,7521
14,520
6,8251
4,660|
6,420
8.085
$
6,491
6,078
6,201
6,449
5, 3.^2
6.435
Fractional silver coin
Fractional currency
Minor coin
Bonds and interest paid.
,274,242
102
102.009.754 27
Total gen'l liabilities
855,027
31,265
Tot. in Sub-Treas'ies. 180,596,598 631
In Nat. Bank Depositaries
Credit Treasurer of U.S.
07,118,791 60
Credit U.S.dis. officers.
9,231,931 051
Total in: banks.
76,350.722 71
In Treas. of Philippine Islands
Credit Treasurer of U.S.
Ccuih balance and Reserve
2.805.367 201
Credit U.S. dis. officers.
2.116,388 19 Total cash and reserve. . 309.859.322 46
—
J
!
a Excess ot imports.
Made up
1
Total in Philippines..
In these tables of totals, gold and silver in ore for all the
years are given under the heads respectively of gold and
of
149,859.322 46
4,921,755 39 |.\vailable
and
Reserve Fund HoldingsReserve Fund
Gold coin and bullion
150.000,000 00 Gold&bull. 150.000.000 00
Grand total
silver.
Grand
1,434,138.945 73
total
1,434,138,945 73
The following shows the merchandise balance for each year
TREASURY CURRENCY HOLDINGS.— The following
compilation, based on official Government statements, indiback to 1875:
cates the currency holdings of the Treasury on the first of
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
February, March and April 1906. Statement for correspond—
9 months end ng March 31
3 months ending March
1875
Exports.
$536 917 1875
Exports.
1876
Exports. 60,200 205 1876
Exports.
1877
Exports. 154, 775 992 1877
Exports.
1878
Exports. 203,1 14 701 1878
Exports.
1879
Exports. 229, 272 061 1879
Exports.
1880
Exports. 159 ,082 291 1880
Exports.
1881
Exports. 234 ,840 790 1881
Exports.
1882
Exports. 65,094 218 1882
Exports.
1883
Exports. 105,410 462 1883
Exports
1884
Exports. 83,222 414 1884
Exports.
1885
Exports. 157 ,994 856 11885
Exports
1886
Exports. 44,513 454 !1886
Exports.
1887
Exports. 68,580 226 11887
Exports.
1888
Exports. 15,647 4,54 11888
Imports.
1 889
.
Exports. 33, .548 303 !18,S9
Exports.
1 890
Exports. 11 1,902 104 !1890
Exports.
1891
Exports. 79,731 751 !1891Exports.
1892
Exports. 209, :?83 006 il892.
..Exports.
1 893
Exports. 9,652 488 !1893.
.-Imports
1894
Exports. 228, 4.57 354 11894
Exports.
1895
Exports. 87,518 406 1895
Exports
1896
Ext)orts. JO, .590 56 ilS96
Exports.
1897Exports. 323, 413 622 I1S07
Exports
1898.
Exports. 470, 651 994 11898
Exports. 1
1899
Exports_447,970 376 !1899
Exports. 1
1900
Exports. 4 11, 8.54 666 11900
Exports 1
1901
Exports. 540, 241 953 11901
Exports.
1902
Exports -402,292 975 |1902...
Exports
1903
ExportS-337,1.59 810 1903.1
Exports 1
1904
Exports. 422, 124 982 11904.
Exports. 1
1905
Exports. 305, 609, 123 1905.
Exports
1906.
Exports. 430,329 1.39 11906.
Exports 1
.
.
-
.
1
!
1
,695 ,570
620 ,507
1.55 ,003
647 ,006
,561 ,873
,128 ,038
245 ,495
,834 ,993
,162 ,333
646 ,123
5.53 ,978
,626 ,656
,925 ,209
,623 ,324
,662 ,466
905 ,566
932 ,822
454 ,805
951 ,614
31 1906.
331.066,575
150,000.000
(1330.596,598
169,953.763
64,343.644
5.148,603
181,066,575
65.333,465
5,064,704
180,596.598
76,350,723
4,921,755
banks. Sub-Treasuries... 239. 446. 009
liabilities. a
95,560,926
251,464.744
98,740,658
261,869,076
102,009,754
152,718,086
159,859.322
'
•
Total cash In Sub-Treasuries.
Less gold reserve fund
Cash balance in Sub-Treasuries
Cash in national banks
Cash in Philippine Islands
Net cash
in
1906.
$
Deduct current
.Available cash balance.
143,885,083
n "Chiefly disbursing officers' balances."
d Includes $1,072,350 silver bullion and $886,396 minor coin. Ac.
in
1906
.319.953.762
..150,000,000
Treasury notes
1
1
284.378.284
15,285,084
25,905
9.156.935
13.589.751
7.274,243
886,396
150.000.000
,
not included
statement "Stock of Money."
pXoncl^rijlCommcvcialSnoUsTt^^tcttrs
[From our own correspondent.]
London, Saturday, April 7 1906.
In the early part of the week the stock markets were
very hopeful and more active than previously.
But as
the week went on
hope declined and business became
more and more stagnant. The first cause of the setback
March 31 1906. For statement of Feb. 28 1906 was undoubtedly the action of the British Government in
iasue of March 10 1906. page 546; that of March 31 1905, South Africa.
The whole South African policy of the
April 22 1905, page 1455
Government is exceedingly distasteful to the city, and
figures issued
see
S.
Net legal-tender notes
" national bank notes.
Net
Net fractional silver
Minor coin, &c
112 ,377
,500 ,077
(569 ,317
,927 .8.59
,060 ,645
,748 ,543
644 ,768
773 ,626
588 ,117
,510 ,483
I'.
Apr.
Mch.
1 1906
$
276,418.068
19,840.529
56,545
10.594,139
13,588,277
9,787.503
781,514
—
Net gold coin and bullion
Net silver coin and bullion
Net.
Feb.
59,856,877
22,000,537
28.72i
8. 987. 735
18,740,257
9.521,847
817,788
Holdings in Sub-Treasuries
215 ,171
664 ,737
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
see
TREASURYjNET HOLDINGS.
.520 ,311
!r
DEBT STATEMENT MARCH
ing dates in previous year will be found in our issue of April 22
1905 ,'^09^6 1458.
ArR. 21
THE CHRONICLE.
1906.]
907
coming out a Chilian loan for £3,700,000. Other issues
known to be in preparation. Over and above this
the immense sum which the Japanese Government has
standing to its credit gives it such control over the Euroit.
The rise in the value of money in New York also made pean and American money markets as makes it unlikely
people here more cautious. It had been hoped that the that the open market will be foolish enough to put down
pinch in New York was practically at an end aiid] therefore rates unduly.
The India Council offered for tender on Wednesday 30 lacs
that the danger of gold shipments was over. When, however, call loan rates were reported to have risen on Wednesday of drafts and the applications exceeded 341 lacs at prices
at one time to 19%, an uncomfortable feeling was created ranging from Is 3 15-16d to 1. 4d. per rupee. Applicants
A third thing that depressed markets was for bills at Is. 3 31-32d. and for telegraphic transfers at
in the city.
the further dechne of the Paris exchange upon London. ls.4d were allotted about 34% of the amounts applied for.
The following return shows the position of the Bank of
The exchange is now so low that Paris is taking far the
offering in the open market.
It England, the Bank rate of discount, the price of consols, <fec.,
larger part of all the gold
compared with the last four years:
is obvious, indeed, that the debt due from London to Paris
1905.
1903.
1906.
1904.
1902.
consequently Paris has it in its
is very heavy, and that
April 5.
April 6.
April 8.
April 4.
April 9.
£
£
£
£
£
power to take an indefinite amount of gold. Nobody Circulation
29,178,035 28,700.065 28,878,300 29,685,.350 29.382,240
7,851,565
15,580,440
12.797.002 11,409,902
9,404,589
actually disturb the market by Public deposits
expects that Paris will
42,750,451
41,830.513 40,664,712 39,453,398 39,911,067
Other deposits
ie,112,5S0
14,509,791
14,774,386
15.443,673
withdrawing gold from the Bank of England, but it will Governm't securities 33,553,741 28,571,965 20,883,980 27,802,065 28,808,272
25,952,853
Other securities
23.637,422
compete actively with the Bank of England for the gold Reserve, notes&coin 20,447,174 28,434,604 23,031,075 22,839,970 35,244,062
Coin&bull.,both dep 37,175,809 38.744.609 33,459,375 34,350,320
offering in the open market, thereby preventing the bank Prop, reserve to lia44 '4
52
48 H
bilities
p. c.
45Ji
4
3
4
Bank rate
p. c.
2H
from largely augmenting its reserve.
93 15-16
86 13-16
91 5-16
Consols, 2i4 p. e
90 15-10
24?id.
29 U-IOd.
25 1.3-16d.
25Md. 22 ll-16d.
The general impression is that the state of the Paris Silver.-house returns 284,635,000 345,370,000 166.693.000 204.435,000 193,422,000
Clear
exchange is mainly due to the impending Russian loan.
a Aprils 1906.
It was believed until a few days ago that the Russian loan
The rates for money have been as follows:
would be international, that it would be brought out not only
March 23.
March 16.
April 6.
March 30
4
4
4
in Paris, but in Berlin, Amsterdam and London likewise, Bank of England rate
Open Market rates —
and possibly also in New York. Now it is understood that
3 9-16®3^
15-16@3
Bank bills — 3 months
3 3-16@3M
— 4 months
3^
SH
2%
3H
— months
It is officially announced that
Berlin will not co-operate.
3 1-16
2% 2 15-16@3
3H(
3%®4
SVsd
Trade bills — 3 months
3J4®3J^
the Prussian governments are
— 4 months
the imperial German and
3H@3H 3M@4
Interest allotoed 1or deposit —
about to apply for a loan of 28 millions sterling bearing
By joint-stock banks
2H
By discount houses:
As trade is exceedingly active, and as,
interest at 3J/^%.
3
3
3
Atcall
2H
3^4
3Jf
7 to 14 days
2H
3Ji
moreover, an immense quantity of goods imported just
come into force is being
before the new commercial treaties
The Bank rates of discount and open market rates at the
carried on borrowed money, it is the opinion of the best
chief Continental cities have been as follows:
Elgin intervened in Natal, there was a general
outcry against him. When later the troubles in Natal
increased, the irritated feeling in the city increased with
when Lord
is
are
—
-6
informed in Berlin that the 28 millions sterling
will
absorb
Germany and that, conGermany cannot be counted upon to assist in
practically all the available
money
in
sequently,
the Russian loan.
ators
who
Paris
Berlin
has
for the
time being discouraged oper-
are afraid of further legislation of the
same kind.
In Paris, business is almost suspended in preparation for
the Russian loan. In Germany, however, business continues
very active, as is evident from the fact that the clearings
for the first three months of the year exceeded those for the
corresponding period last year by 130 millions sterling.
It is to be borne in mind, of course, that the imports to
evade the new Customs duties were on an extraordinary
•scale and that, therefore, comparison with 12 months ago
is not quite legitimate.
Still, the fact is obvious that
trade is exceedingly active in Germany.
The directors of the Bank of England reduced their rate
-of discount on Thursday [from 4 to 33^%.
It had bo( n
expected that a reduction would be made soon, but few
were prepared for it this week. The general impression
is that great pressure had been brought to bear upon the
bank by financial institutions of all kinds, and that the
directors felt that it was useless to keep up the rate, since
they could not retain control of the outside market unless
they practiaclly borrowed all the surplus money in the
market, and it was exceedingly doubtful whether, under
the circumstances, the joint-stock banks would help them
in such an operation.
The best opinion is that although
perhaps it would have been prudent to wait a week or two
before actually putting the rate down, yet upon the whole
little harm will be done, since it is very unlikely that rates
in the open market will decline much further.
The principal
rea.son, of course, for this opinion is the great activity of
trade lit home and abroad.
The second is the large loans
that are in prospect. A great Russian loan is impending.
Next w-eek there is to be a German Government loan
for 28 millions sterling.
In France there are several local
Joans of various kinds in preparation.
Here in London th(!re
was a Brazilian loan on Thursday for £1 ,100,000, and there
Amsterdam
Brus.sels
Vienna
7.
Open
Rale. Market.
3
3
5
3H
5
3^
5
3^
2'4
3
4
3?^
4
4H
8
nom.
4
4i4
5
414
Frankfort
One other cause why markets are unsatisfactory is
coal strike in France and the threatened coal strikes in the
United States and Germany. Here at home the Trades
Disputes Bill introduced by the Government is very much
disliked by the city and indeed by the employers of labor
everywhere. Even Liberal employers are strongly against
It therefore
—
Hamburg.
the
it.
April
Bank
Rales of
Interest at
_
St. Petersburg
Madrid
Copenhagen
&
Messrs. Pixley
April 5:
March Zl.
Open
Bank
March 24.
Bank
Open
March 17
Open
Bank
Rale. Market.
3
3
5
4H
5
4ys
5
4 1-16
3
2%
4
3H
Rate. Market.
3
2H
5
4«
5
4i^
5
4 1-16
3
2!^
4
3?^
414 4 1-16
Rale. Market.
3
2%
5
414
5
4H
5
4H
3
2H
4
3!^
4H 4 5-16
8
nom.
4
4H
5
4)4
4H
4M
nom.
8
4i4
5
8
4)4
4
414
5
nom.
4
4H
Abell write as follows under date of
—
GOLD. The demand'for Paris has continued and a fair proportion of the week's
The Bank also has bouu'ht £216,000, in
arrivals has been secured for that quarter.
bars, out of a total of £733,000 received, and £594.000 has been withdrawn for Uruguay. The Bank rate, which has stood at 4' n since the 2Sth Scptoiubor, was lowered to-day to 3^'~^. £300.000 is due from the Cape next week. Arrivals South
Africa, £612,000; Australia. £557.000; Bombay, £117,000: West Africa, £41,000;
West Indies, £7,000: Now Zealand, £5,000: Chili, £5,000: Brazil. £15,000; total,
—
£1,359,000. Shipments— Bombay, £87,500; Colombo, £2,500; Calcutta, £10,000;
Madras, £2,500; total, £102,500.
SILVKR. The market has been very quiet during the pa.st week and quotations
bxve steadily fallen, until to-day we close 29^'sd. for spot. There has been no great
pressure to sell and the market has fallen, owing to the indifference of buyers. At the
Forward has been quoted 5 lOd. to 7-16d. unclose the market is quiet but steady.
der spot .and closes T^d. under. The Indian price is Rs 75H per 100 Tolahs for shipment. Arrivals— .New York, £298,000; West Indies. £24.000: total, £322,000.
Shipments— Bombay. £202,550; Calcutta. £43,700; Madras, £5,000; total, £251,250.
MEXICAN DOLLARS. There have been no transactions in these coins to reArrivals— New York, £47.000; Hong Kong, £50.000; total. £97,000. Shipport.
ments—Bombay, £7.200; Calcutta, £97,900; total, £105,100.
—
—
The quotations
GOLD.
London Standard
Bar gold, fine, oz
for bullion are reported as follows:
Apr. 5. March
SILVER.
5. March 29.
April
s. d.
77 10,^
I
77 10
7fi
U.S. gold coin, 07,
5H 76
German gold coin, oz_. 76 5K a76
I
5
5
a70
a70
5
5
Ftenchgold eoin,oz.- 76
.lapanese yen, oz
76
29.
\
s. d.
.
5H
5M
London Standard.
d.
Bar silver, fine, oz
29^
" 2 mo. delivery, oz.29>i
C.akesllvfcr, oz
32H
32
Mexican dollars
I
|
d.
.30W
29 11-16
nom.
tiom.
I
a Nominal.
The following shows the imports of cereal produce into
Kingdom during the season to date compared
the United
with previous seasons:
IMPORTS.
1905-00.
46.913,800
15,277.000
7,556,500
1,175,235
Thtrlv-lwo weeks
Imports of wheat, cwtB.arley
_-.
Oats
Peas
Beans
-..
1.111.7.30
20,094,200
7,147,120
Supplies available for
1903-04.
.52,255.161
22.S1S,90S
10,029.098
I,44S.919
1.535.848
31,251,697
14,020, .524
1902-03.
4S.S72.582
19,140.095
8,958,209
1,175,408
1,105.975
23, .396.316
11.4.35,542
consumption (exclusive of stock
1):
1905-00.
46,913.800
9.435,700
23,201,680
Wlioat Imported, cwt
Imports of (lour
Sales Of
],3SO,07I
501..300
28,805,200
-- 9,435,700
Indian corn
Flour
on September
1904-05.
01,652,100
15,023,900
8,048,100
home-grown
Total
Average price wheat, week
Average price, season
1904-05.
61,052.100
7.147,120
10.952.968
1903-04.
52,255,161
14,020.524
12,353.388
1902-03.
48.872.582
11,435,542
15.93/, 822
79,551,180
28g .3d
79,752,188
30» 9d
30s. 4d.
78,629,073
27s 1 Id
27s. 2d.
76,245,946
.
28s. Id.
.
.
The following shows the quantities
.
.
of wheat,
.
2.5s
.
;jd
259. 6d.
Hour and
maize afloat to the United Kingdom
Wheat
-
Flour. equaltO
M»zo
-
This week.
nrs. 3,900.000
qrs.
105.000
.505.000
tirs.
l.nxlwrrk.
4,005.000
ISO.OOO
ISO.OOO
1904-05.
3,990.000
|:!0.000
rjOO.OOO
1903-04.
3,-580,000
2.30.000
515,000
THE CHRONICLE.
908
English Financial Markets— Per Cable.
closing quotations for securities, &c., at London
as reported by cable have been as follows the past week:
The daily
London
Week ending April 20:
Mon
Sat.
Silver, per 02
For account
French Kcntes (In Par.) tr..
ft Anaconda Mlulne Co
Atchison Topeka & Santa Fe
29 IS-IO 29 15-16
90 13-16 90'i
90 15-16 90^
99.10
98.90
'
1
;
\i%
& Ohio
Preferred
106
116li
178H
;
I
1
Canadian Pacitlc
Chesapeake & Ohio
Chicago Oreat Western
Chicago Milwaukee & St Paul
Denver >t Olo Grande, com.
14H
965^
106
115
99
n<iH
1
Preferred
Baltimore
I
60^
'
22
!
182H
48
1
Preferred..
Illinois Central
91
|
Erie, common
First preferred
Second preferred
A&H
80H
;
72
_
^
..
& Texas com 2
5
H
National RR of Mexico
.i
N Y Central & Hudson
O
N Y Ontario & Western
K
Norfolk & Western, common
Mlssiuiri
155 J^
26
Kansas
Preferred
35H
74H
_
41
149
53 }i
92%
;
Preferred
Northern Pacific
a Pennsylvania
<
71
1
a First preferred
a Second preferred
Rock Island Co.
Southern Pacific
46^
..
Southern Railway, common.
Preferred
Union
94
227 M'
73>i
',
aReadinsCo
50 J^
29
71J4
41?^
103
162J^
1
;
>
Pacific
;
Preferred
United States Steel Corp, com
Preferred
_
_
Wabash..
•
ilH
1
1
112H'
23
;
Preferred
50%
Debenture "Bs"
83
1
b£
a Price per share.
95,
ThuTS.
29 13-16
903^
90 M
98.70
14
93 H
105H
IH'-I
983^
17851
59 Ji
99
CAVh
21M
22H
182
48
91
46
80 J^
181
46
^VA
71
90!^
45'A
80
k
180^
]
Louisville & Nashville
Mexican Central
Wed.
Tues.
d 29 J^
Consols, new, 2i^ per cents..
Fri.
297^
90
90'A
98.85
135i
92^
104
114
GOVERNMENT REVENUE AND EXPENDITURES.—
Through the courtesy
of the Secretary of the Treasury, we
are enabled to place before our readers to-day the details of
Government receipts and disbursements for the month of
March. From previous returns we obtain the figures for
previous months, and in that manner complete the statement
for the nine months of the fiscal years 1905-06 and 1904-05.
For statement of March 1905 see issue of April 22 1905,
page 1458.
RECEIPTS AND DISBURSEMENTS
9SA
15:04
25
35>i
74
40
147
36H
75
41
148
bZH
ft
o
'^
'211
*
2
ts
'' <^
ad
44
93 Ji
94
222>A
72y»
73 J^
70
esA
46H
50 'A
28 ?4
rovs
50 J^
27
68 H
403^
103
159 J-g
M
41H
103
161
98
44
97^
43%
iim
111
22
49
22H
51
,
,
'
?r'
'
1
ClO
'
I
:
i
i
'
'
w
'
O
I
:
c2
0.5
91^
CCOi
-J
tOh-
OCJ
OOO
A
« 01 ot r; o w
CO—
27A
66H
40^
K)0
004^
98
43 Ji
uo
boto
•JCO
CO*J
22
48H
81>^
toto
to
tOCn
to
to
C-.
^o
»o—
o<i
COCJI
OJO
-
NATIONAL BANKS ORGANIZED.
Certificates Issued February 19 to April 7 Inclusive.
of Corning, Iowa.
Capital, $25,000
Charles C. Norton, President; S. C. Scott, Vice-President;
Nelle Belding, Cashier.
8,101
The Lahaina National Bank, Lahaina, Territory of Hawaii
Capital, $25,000.
Chas. M. Cooke, President; F. C. Atlierton, Cashier.
8,102— The First National Bank of WeHington, Texas. Capital
$25,000. M. W. Deavenport, President; R. H. Cocke. VicePresident; C. J. Glenn, Cashier.
8,103— The First National Bank of Pleasanton, Texas. Capital, $25 000
H. G. Martin, President; A. M. Avant, Vice-President; J.
0000
COJ^
-4rf*
D0 4i.-J
OMtO**
o
OCOO
-m'oo«»
lOMCD
eneno
COMCn
CiOOCO
"— to'oo^
I
— to
—
— OOMCOM
CO to en 000 to CO
,
OOtO
I
'
—'to
—
tUcD
CO 00
— CO
to to
COOM
00 ocoo
MCnO
— coen — 00
rfi.
COC5
Hugh Waddell, Cashier.
National Bank of Benedict, Nebraska. Capital
Geo. W. Post, President; E. J. Wightman, Vice-
B. B. Crownover, Cashier
8,106— The First National Bank of Clyde, Texas. Capital, $25,000
B. C. Clemer, President; J. M. Estes, Vice-President; J. B.
Stokes, Cashier.
8,107— The First National Bank of Mound Valley, Kansas. Capital
$25,000. Thomas P. LaRiie, President; E. B. West VicePresident; U. M. Albin, Cashier.
8,108— The Capital National Bank of Saint Paul, Minnesota. Capital,
$250,000. J. R. Mitchell, President; W. F. Myers, VicePresident;
Cashier; E. H. Miller, Assistant Cashier.
,
Name
Per
two seasons:
GCrf>.CO
MCDcD
When
Payable.
this
week:
Books Closed.
Days
Inclusive.
Railroads (Steam)
Boston
& Maine common
Central of
New
(quarterly)
Jersey (quarterly)
Grand Trunk, guaranteed
First preferred and second preferred
Third preferred
.
Banks
American Exchange National
Chemical National (bi-monthly)
Germania Bank
Greenwich
New York National Exchange (quar.).
Pacific (quarterly)
Trust Companies
Farmers' Loan
July
May
2
2
April
April
April
2A
2
Street Railways
California Street, San Fran, (monthly)
Helena Lisht & Railway, pref .(quar.)
Twin City R T., Minneap., com. (quar.)
United Traction, Albany, N. Y. (quar.)
Am. Graphophone
of the last
00 to
OOM
00
O—
004ii.MOlO
§3
rfl.
*Jrfi.M
CO
en
Oto or". 4^
Cent.
Company.
0}
following figures for the
months
— OMOO
— to
CO
——
DIVIDENDS.
Central, extra
ceipts for the nine
OMrf>.
The following dividends have been announced
FOREIGN TRADE OF NEW YORK— MONTHLY
STATEMENT. — In addition to the other tables given in this
department, made up from weekly returns, we give the
full months, also issued by our New
York Custom House. The first statement covers the total
imports and exports of merchandise and the Customs re-
4*. to
rfi.--4
4i.
'oV^**
000
— CO
4i.O4*.00MOO
'
4».
K
Lawhon, Cashier.
8,104— The First National Bank of Colville, Washington. Capital
$25,000.
Frank H. Crombie, President; Donald Ryrie, Vice-
— CO CD to Cn Cn O
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8,100— The Farmers National Bank
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bo ^ Co'— — o'j*
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bo—
following information refrom the Treasury Department:
— >— CO -J — -1
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to en CO
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CD
103
NATIONAL BANKS.— The
First
c
'
i
- — Cncc — CDOOO
00 — Vj — CD bo en
OOOtO — >— OCD
tcto
en CO
OJi.
h-Cl
$25,000.
President;
"1
re
IE
OC:Cn*-l4ktOO
coco
94
221>^
715^
65
463^
50
CO to
Pre.'iident;
C
IT
00 01
8,105— The
=-E
fD
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60
H-
5
3£^5
»
"
;
tOCn
is
.
0.2
.
C
£5
•-1
,
1°
152
25
35
73
40
146'A
sterling per share.
garding national banks
C 3
;=:;:; 55
00 00a
79 Ji
69
111
SIA
83
SJK
r
51
51
94
94
227
(OOOs omitted).
DO
178)i
59 Ji
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177 j|
46
90>i
177H
155
26
[Vol, lxxyil
&
Tru.st (quarterly)
iVliscellaneous
Amalg.amated Copper (quarterly)
Extra
pref .(quar.) (No. 44)
American Light &Traction, com. (quar.)
Preferred (quarterly)
Bethlehem Steel Corp., pref. (quar.)
Ciaflin, H. B., first preferred (quar.)
Second preferred (quarterly)..
Consolidated Ice, Pitt.sburgh, pt. (quar.)
Electric Bond & Share pref. (quar.)
Electrical Securities Corp., pref
Montreal Light, Heat & Power (quar,)..
National Carbon, preferred (quarterly)..
New Central t.'oal
North .\meriean (quarterly)
Procter & Gamble, common (quar.)
Pullman Co. (quarterly) (No. 157)
Trenton Potteries, pref. (quar.) (No. 33)
I'nited Electric Seciu-ities, preferred
United States Express (No. 145)
m
VA
2 Holders of rec. June 1
April 30
1 April 24
to
20'
20
20
April
April
90c.
May
IH May
May
5
May
25
May
10
May
4
May
2
May
2
May
20
May
10
lA May
H May
1% May
May
1
May
I'i May
iH May
iH May
lA April
l« May
2A May
May
May
May
lA June
May
3
2
May
9
April
3H May
2
May
-
April 24
to
Holders of
rec.
1
Holders oJ rec.
I
April 20
April 21
April 30
May
-April
May
May
May
May
1
20
1
1
liApril21
II April 20
1 April 21
to
to
to
to
to
April IS
April 22
to
to
April 30
May
1
April 27
April 27
to
to
Slay
6
6
li
1
1
June 19
Holders of rec.
m
May
May
April 22
April 22
to
to
April 30
April 30
22
22
to
to
to
to
to
Mar
May
April
April
April
April
April
11
17
28
6
April 27
15
1
May
1
1
1
April 20
May
1
April 30a
to
to
May
Holders
15 Holders
15 Holders
25 Holders
1 Holders
1
of
of
of
of
of
May
May
15
to
May
15
1
rec. Mayloa
rec. April 30a
rec. .4pril 30
rec. .\pr,19a
rec. Apr. 21a
a Transfer books not closed.
—
Auction Sales. Among other securities the following, not
regularlv dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
[
'
The imports and exports of gold and
months have been as follows:
silver for the nine
Stocks.
50 Germania Fire Ins. Co
451
130 Little Miami KH. Co.
(Guar
Gold Movement at
Month.
New
— New York.
Silver
Exports.
Im))orts.
York.
Imports.
1904-05.
I
July
. .
AUKUSt
September
October
469,424
413.224
1905-06.
S
1,041,294
127,900
1,699,643
13,114,764
8,744,567'
5,772,435! 73,885,4051
January .
February
290,015
266,134
Total ..
1904-05.
$
!
314,196
610,959
3.333,176
7,455,721
261,740
376,927
March
1905-06.
5;«.552
8,283.022
285,100
1,256,.S45
95,320
3,323,990'
175,000 20.4.38.886
280.370
8,138,902
1,043,875 15,008,907
2,589,500 14,047,636
134,046
2,292,099
1,8SI,9.3(>
November
December
.
S
155,369
248,588
455,428
1,.
384,045
935,.369
1.312,437
;
I
484.575
173,883
50 Nat.
15k. of
147 Tlie
Hoft'man Cafe Co__S500 lot
30 Realty Associates
170H
S
4,1967255'
37,320^93
Gr. Trust Co.. 219
Emericli & Maus-
— Attention
20 Gallatin Nat. Bank
395
2 Title Guar. & Trust Co.. 660
Bonds.
$50,000 Devlin Coal Co. 1st 6s
subject to confirmation
District Court of U. S.
for the Dist. of Kansas
83 J^
.sale
Commerce __lS9Ji
1905-00.
300.429
280,334
577,002:
The Triton Fish & Game
Club of Canada $300.. $150
7M BowhnK
2,781,010
3,670,154
4,774,160
3,224,823
2,766.754
4,090,875
7,120.032
5,054,270
3,832,597
1,231,S:«I
403, .523
281,057
343,659
230"^
Exports.
I
1905-00.
1
8%)
Stocks.
is
called
to
by
$40,000 Qiiincy Quarries Co.
l.st 5s 1924, A & O.
April
1 906
coupons on»
$500
the
lot
advertisement of Potter,
& Prentice, offering the equipment notes of the Cincinnati New Orleans & Texas Pacific Ry., the Alabama Great
Southern RR. and the New Orleans & Northeastern.
The
Choatc
notes are offered at a price to yield 4.90%.
Particulars
be found in the advertisement on another page.
will
Apr. 21
THE CHRONICLE.
1006.]
statement of New York City Clearing House Banks.
The following statement shows the condition of the New
York City Clearing House banks for the week ending
understood that as
14.
It should be distinctly
items except capital and surplus the figures are the
averages of the daily results, not the totals at the end
of the week. In other words, in reporting loans and deposits and holdings of specie and legal tenders, the practice is to take the aggregate of the amounts for the several
days of the week and divide this aggregate by the number
of days.
We omit two ciphers (00) in all cases.
New York City, Boston and Philadelphia Banks.— Below is
a
summary
of New
figures
April
to
of the weekly returns of the Clearing House banks
City, Boston and Philadelphia.
The New York
do not include results for non-member banks.
York
IVe omit two ciphers (00) in all these figures.
all
Banks.
Surplus.
Capital.
Loans.
Specie.
Legals.
Deposits, a
00s omitted.
Bankot N. Y.-
2.850.0
2,000,0
Manhattan Co2,590,4
2,050,0
Merchants'
1,417,7
2,000,0
Mechanics'
3,544,1
3.000,0
3,867,7
America
1.500,0
303,3
Phenlx
1,000,0
_. 25,000,0 19,726,3
City
300,0
Chemical
7,870,8
600,0
430.3
Merchants' Ex.
Gallatin
2,274,4
1,000,0
150.3
Butch. & Drove
300.0
Mech.&Trad'rs
700,0
370,7
Greenwich .
500,0
605,5
4,724,2
American Exch
5.000,0
Commerce.
25,000,0 12,923,7
4,552,8
Mercantile
3,000,0
005,7
Pacific
422,7
Chatham
450,0
1,006,9
442,7
People's
200,0
North America1,979,4
2,000,0
Hanover
3,000.0
7,397,8
Irving
1,000,0
1,118,8
Citizens' Cent..
2,550,0
746,4
Nassau
500,0
331.3
Market & Fult'n
1,000.0
1,416,1
Shoe & Leather
487,5
1,000,0
Corn Exchange
2,000,0
3,390,9
Oriental
750,0
1,112,3
Imp. & Traders'
1.500.0
6,858,9
Park
3,000,0
7,468.4
East River
250,0
122,3
Fourth
3,000.0
3,002,9
Second
300,0
1,638,9
First
10.000,0 17,48^,"
N. Y. Nat. Ex_
1.000,0
901,4
Bowery
250.0
775,1
N. Y. County200.0
835,1
German-Amer .
750,0
550,8
Chase
1,000,0
5,490,1
Fifth Avenue ._
100.0
1,753,4
German Exch_200.0
762,2
Germania
200.0
904,4
Lincoln
.300.0
1,539,8
Garfield
1,000.0
1,310,5
Fifth
250.0
440,8
Metropolis
1,618,7
1.000,0
We.stSide
200.0
769,8
Seaboard
1.000.0
1,128,3
First N.,Bklyn.
667,1
300.0
Liberty
1.000.0
2,143,5
N. Y. Prod. Ex
1,000.0
544,4
New Amster
618,2
500.0
Astor
350.0
663.7
16,632,0
23.983,0
10,820,4
18,141,0
22,518,1
0,559,0
145,049,6
25,373,6
5,203.0
8,310,8
2,042,5
6,114,0
5,053,7
27,825,8
131,277,1
21,513,4
3,370.2
5.876,1
2,179,8
14.398.7
47,903,4
7,790,0
18,244,7
3,471,6
7,225,3
4,885,9
31,125,0
9.210,6
23.8.30,0
68.589.0
1.171.1
17.014.5
10.320,0
83,617,3
8.783,3
3,449,0
4,804,4
3.986,1
47,736,6
10,372,2
3,226.9
3.229,7
13,490,5
7,967,2
2,959,2
10,199,6
4,218,0
16.410.0
4.321,0
10,646,9
5,704,0
6.157,8
4.372.0
$
2,427,0
4,440,0
2,653,6
2,648,0
4,100,6
1,026,0
26,712,6
4,547,3
789.9
1,033.8
500,2
954,0
792,9
2,964,2
15,858,1
2.860,4
307.4
591,0
162,6
1,806,2
6,625,5
1.246,8
2,673,0
285,5
1,029,6
1.136,0
6,213,0
1.096,3
3,673,0
16,287.0
212,4
$
1,585,0
2,245,0
1,118,7
1,674,0
2,156,5
127,0
8,360,2
1,755,8
009,1
5.89,8
83,2
682,0
442.5
1,659.2
10,601,4
1,.344.7
394.9
875.1
513.2
1,238.8
7,2.39,1
.355,7
1.571.1
403.5
064.2
354.9
3.349.0
412.7
1,519.0
3,679,0
128,4
2,857,31
1,657,0
1,8.30.1
1.081.0
17,526.1
1.832.5
461,0
926.2
740,3
12,193,6
2,289,4
196.0
477.7
1,597,3
1,701,3
2,154,5
369.7
242.0
463,6
184,6
1,4.83,6
812,0
855,0
7.89,0
1,957,6
342,0
155,5
935,1
392,0
1,810,0
621,0
593,0
389,7
556,3
180,0
6.35,9
1,401,0
715.0
3,283,0
566,0
1,656,2
1.426,0
1,085,2
770,0
Capital
and
Banks
14,591,0 27.4
27,088,0 24.7
13,750.9 27.4
17.018.0 25 ..§
24,184,2|25.8
5,375,0 21,4
126,466,7:27.7
23.997.1 26.2
5,437,2i25.7
6.194,7j26.1
2.721,S'23.6
,6,640,0 24.6
5,427,4122.7
19,779,4 23.3
100,630,0124.8
17,621,8:23.8
3,836,0!l8.H
5,847,0;25.0
2.662,0125.3
13.406.9 22.7
55,000,5 25.2
7,220,0*22.1
17.822.2 23.
3,714,8 18..5
6,825,5 24.x
6,124,5124.3
37.810,0'2i.2
9.270.8'22.7
20.773.0i25.0
78.081,0 25.5
l,300.5|25.fl
18,.399.4:25.4
10.7,S0,0i25.3
71.246.0 27.6
8.4S6.6i25.9
10,032,023.2
4.516.0!24.5
19.372.0126.2
4.513,0;26,:i
8,744,4
6,729,7 26.9
7,214,1 22.7
4,071.0 23.3
182,424,5
177,895,0
171,758,0
172,704,7
42,9.36,0
42,936,0
42,930,0
181,249,0
181,934,0
181,318,0
16,377,0
16,627,0
16,129,0
49,860,0
49,860,0
49,860,0
211.713,0
212,516,0
213,540,0
Sur-
Banks.
Capital.
plus.
Invest-
Specie.
Bank
ments.
N V City
Man .it fir X.
!H all cnses.
and
V otes
Century
Chelsea Exch
Colonial
Columbia -.
Con.sol. NatFidelity
14thStreet--
Hamilton
..
Jefferson
Mt. Morris-.
Mutual
19th Ward..
Plaza
Riverside...
State
12th Ward..
23rd Ward..
Union Exch.
United Nat.
Yorkvllle.-.
Coal & I. Nat
Metropolitan
34th St. Nat
Batt. Pk.Nat
Borough of
Brooklyn
Boroueh ...
Bro.adway ..
Brooklyn...
Mfrs.' Nat..
Mechanics'..
Na.s.sau Nat.
Nat. City...
North Side..
Union
Nat...
Hoboken.
Nat ...
First
Second Nat
.
7,400,0
7,421,0
7,478,0
142,720,7
177,093,3
163.778,3
237.151,0 14,091,0
241,112,0 14,085,0
242,772,0 14,102.0
143,503.8
157,409,8
133.904,3
—
FOREIGN IMPORTS AT NEW YORK.
For week.
1906.
Dry Goods
1903.
$15,565,316
$14,697,161
$11,281,239
$11,424,362
$53,453,940
170,152,422
$47,114,218
177,858.698
.$40, .33 1.1
23
$47,470,966
137.885,356
$1,960,596
9,320,643
$2,897,138
8,527.224
1
Dry Goods
General Merchandise
1904.
$2,735,170
11,901,991
General Merchandise..
Total
Since January
1905.
$3,518,250
12,047,066
.
Total 15 weeks
142,.323,798
$223,606,362]$224,972,916 $182,654,921 $185,356,322
The imports of dry goods for one week later will be found
in our report of the dry goods trade
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 16 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE 'WEEK.
1906.
For the week
Previously reported
Total 15 weeks
1905.
$12,152,985
174.918,622
-
$10,189,404
146,715,044
1904.
1903.
$8,128,543
137,551,843
88,765,912
148.947.814
$187,071,607 $156,904,448 $145,680,386 $157,713,726
— As the figures of exports as reported bv the
from week to week frequently show divergence from
Note.
New York Custom House
the monthly totals also compiled by the Cu.stom House, we shall from time to time .adjust the totals' by adding
to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending April 14
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
Exports.
Week.
1
Clearing
Banks
Agent.
Net
&c.
Other iDeposits
Since Jan.l
Great Britain
France
$455', 751
Mexico
Deposit with
Imports.
Gold
$485', 126
229,046
3,551,000
34,350
2,000
Total 1906
Total 1905--Total 1904
2'4",356
-
.
-
-
$482,101
11,500
1,571,828
.
S
S
8"69,0
154,4
136,1
1.173,1
75,2
784,8
332.4 4,170,1
.300,0
379,3 6,567.0
1,000.0 1.079,8 5,215.0
200,0
1.30,2
1 046,2
500,0
114,3
4 940,9
200,0
142,5 4 752
400,0
435,2 4,106,6
250.0
161.4
2.907.1
200.0
285,4 3 892 1
200,0
224,9 3 423 7
100,0
280,4 3,817 5
100.0
103,1
1805
100
1,186,3 12.060
200
159,3
2,437,0
1(0
137,2
1,848 8
750
668,2 7,845,7
1,000
184,8 2.284 6
100
327,3 3,483,9
.300
266.5 3„324,0
1,000
344,0 4,896,5
200.0
206,6 1,257,6
200,0
108,8
668,2
13,1
26,7
55,4
70,1
323,0
708,9
17,2
175.8
229,6
7.3
142,9
24,2
22,0
221,0
15.7
769.0
.30.0
64.6
435,3
230,2
60,5
626,7
291,9
251,0
121,5
200.0
150.0
119,0
376,2
300,0
252.0
164,4
1,965,1
654,8
822,3
829,1
4,623,7
9,902
5,971,0
3,318,0
43,0
22.1
127,3
406,0
309,3
226,0
133,0
202,9
1,937 8
444,2 10,700
25,1
256,0
1,000
7.50.0
.300.0
100.0
608,1
2,400,8
2,728,5
S
31,6
55,0
23,5
297,4
284,0
63,5
60,6
,326,6
187,9
198,0
112,8
312,
273,5
208,0
135.9
389,0
209.0
170.1
215.7
.83,0
274,2
57,9
88,9
17,5
4,8
181,9
237,1
s
82,7
84,9
34,0
467,9
266,0
433,7
85.0
336.1
128.0
245,5
193,3
123,2
251,5
202,0
89,6
1,092,0
314,0
107,3
298,0
77,0
202,7
479,4
397.6
97.5
54,0
297,6
194,3
73,1
238,1
171,5
477,9
452,0
119,1
581,0
974,9
837,0
443,0
54,3
514,0
1.128,0
2,85,0
693,5
29,1
1,1.80.9
90,0
196,3
3,7
35,0
4,.S93,7
6, .804,0
'23'; 6
235,0
132,0
57,2
57,8
115,
7.87,0
47,0
121,4
433,3
65,8
125,(;
.56,0
704,1
1,8
94,5
.5S,7
917,0
3,961.3
1.043.6
5.724.9
5.219.5
4.133.7
3.349,8
3,.83 4,
3,559,4
4,097,0
1,995,7
14,206.0
3.015.0
2,203,4
7,6,88,4
1,294.0
3,974,6
3,760,1
5,071,5
1,205,7
490.1
Great Britain
France
Germany
Week.
Since Jan.l
$450,655
480,284
24,200
27,666
1 1
,998
$608,298
469,955
2,457,589
123,212
111,4.30
471 613
18,456
94,757
$4,299,522 $1,013,205
31,701,770
2.38,214
7,517,209
24,431
$4,336,854
4,268,428
4.395,683
1,039,424 $16,323,350
442,000
9,650
"""772
15,209
---
West Ind ies
Mexico
Total 1906.Tota 1905.Total 1904
_-
-
400,0 1.148.6
681,5
322,7
4.668,4
2,730,8
2,066.3
162,3
103,4
56.3
329,7
90.7
76.7
1,598,6
159,2
323.6
353,0
87,1
43,1
5.623,4
2,347,0
2.261,0
657.7
183.8
2,782,(5
152.5
54,0
28,4
57.3
136,1
53,3
191,0
88,5
2.694,8
2.50.0
200,0
1,474.0
1,593.1
Tot, Apr. 14 12,537.0 14738.91 146845.4 7.009.9 7,175,
13,161,9 5..524.9 1.56321,1
Tot. Apr. 7il2087.0 14640.3:144649.7 6.710.2 6,985,9 14.90.5,5 5..S32.9 156316,3
Tot. Mch. 31 12287,0:14966,7 142552,9 0,742.9 7,157,2 14.491,71 5,876.9 153977,5
$1,040,196 $16,790,209
340,390 10,152,158
547,095 14,403,572
$ 44,053
121,6.85
3.0.80
$1,583
10
49,012
216,508
415,816
25,842
$708,771
991.541
257,940
Of the above imports for the week in 1906, $24,428 were
American gold coin and $1 ,609 American silver coin. Of the
exports during the same time $4,000 were American
gold coin and
were American silver coin.
Auction Sales.
— See
preceding page.
IJaulUiig iiud l^iuancial.
&
Spencer Trask
2,786,2
2,920,5
58,8 2,1.82,7
186,0
4,981.0
167,4 11, .3.50.8
5,775.0
105,0 3.709.0
165,4
2.018.2
610,0 11,755,0
$'2,754
16,106
24,992
201
.South America
All other countries
Co»,
InveRtment nankcro.
We transact a general banking biisineBs sell and porobase Inveatniant secnrities issue circulars describing sbort-term and long-term
liigb-grade bonds; execute commission orders upon tJie New York
Stock Kxcliange and in the flnancial markets of the leading oitt««.
We also have special representatives in all of the principal citiM.
;
;
Jersey City
First
201,189,0
207,835,0
204,904,0
Silver.
$
100,0
200,0
100.0
100,0
500,0
Hud. Co. Nat
Third Nat...
4,210,0
4,089,0
4.695,0
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
April 12 and for the week ending for general merchandise
April 13; also totals since beginning first week in January.
.South America
All other countries
Boroughs of
H'g'ts
77.207,1 1013,071.3 51,359,7 1,681,9.33,7
78,.308,9 1004,290,5 51,845,0 1,701,120,4
76,541,7 1003,441,3 51,717,4:2,225,525,0
77,533,2 981,861,6 51,452,3 2,044.054,9
53,994,0
56,626,0
56,015,0
(Jermiiny
West Indies
Legal
Tender
Clearings.
.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
results.
Loans
and
Circu-
a Including tor Boston and Philadelphia the item "due to other banks" and
also Government deposits.
For Boston these Government deposits amounted on
April 14 to 82,580,000; on April 7 to 32,579.000.
—
omit two civhcrs^tOO')
Deposits, a
lation
3.852.224.0
53.999.625.3
11.697,7126.5
4.265,4:24.6
5.844,4 21.6
14.542,5124.4
8,251,3 24.7
3.087, 1I25.
Legals.
1029,333,6
1025,503,9
1032,709,4
1009,275,2
3.825,0: 1S.3
5.702.3124.3
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending April 14 1906, based on average of daily
00s omitted.
Specie.
262,127,8
262,127,8
262,127,8
264,777,7
a Total United States deposits included, S12,2,S0.700.
We
Loans.
Surplus
/?rse'o;
116,472,7 148,305,0 1009,275,2 172,704,7 77,533,2 a981,861,6 25.4
Totals
Wash.
909
Branch
Office.
Albanv.N.Y,
WJIHiim ami Pin*
Moffat
st«. N<kw
VoHr
& W^hiie,
membern New York Htook K.xchnn«e.
6 NASSAU 8T«KHT,
HANOVKR BANK UUILUINO,
lOealers In InTeirtinent §e<HrrlUe«.
COMMIl!^I(>iM OKDKItH EXECUTED FOR CAKII ONLY.
THE CHRONICLE.
910
For Dividends
of business is about the same as last week and
the decline in prices is generally limited to a narrow range.
There are a ftnv exceptional features, including Union
Pacific convertible 4s, which are down over 4 points, Wabash
debenture Bs and Consolidated Gas conv. deb. 6s, which
are 23^ points down, and some of the Atchisons, P>ies,
Burlingtons and Brooklyn Rapid Transits, which are from
On the other hand, Pennsylvania
}/2 to \]/2 points lower.
convertibl(3 33^s, Northern Pacifies, and the Colorado Industrial issues are fractionally higher.
The volume
©a^jctte*
aixkjers^
page 90S.
see
[YOL. LXXXIL
Friday Night, April 20 1906.
There was a
Situation.
decidedly bettc-r feeling in linaiieial eiieles early in the week,
owing to the relief which had been afforded the money marEven the depressing influence of an impending strike
ket.
in the anthracite coal fields was more than offset by easier
United States Bonds. Sales of Government bonds at
money, and the security markets were stronger than for some
news of the dis- the Board include $25,000 4s coupon 1925 at 131M, $21,000
time past. The situation was changed by
coupon 1907 at 1033^ to 103>g and $2,000 2s coupon
aster which had overtaken San Francisco on Wednesday, 4s
and Wall Street, in common with all the country, and indeed 1930 at 103 '5-^. The following are the daily closing quotathird page following.
the whole civilized world, has been appalled by the later in- tions: for yearly range see
formation from that stricken city.
Apr Apr Apr Apr Apr
Interest Apr
Id
14
17
19
20
Ptriod*
18
Relief to the money nuirket has come chiefly, as is well
known, through the deposits of gold preliminary to its 3a, 1930
*103''g;»103»4 10334
regiflterodQ— J»n '10S'«
receipt from abroad, in accordance with Secretary Shaw's 38, 1930
*10334 10334
eouponQ—Jan a03»B 103=8 *108i^ •lOS'e '
*103i4 103»« »103'4
to assist the banks in the process of importing gold, Ss, 1908-1918. .rejrtstoredQ— Feb IO314 •108'4l*103'*
flan
•104
104
ooapon Q— Feb •104 •104 *104 *104
39, 1908-1918
t remains to be seen— and the matter will be watched with
*103
*103
•108
103 l»103
3«, 1908-1918, smail.ooup Q— Feb •103
registered Q—Jan •1031a •103>2 •lOS'u •103>« 103'-i;*103>«
considerable interest how permanent will be the relief 4s, 1907
1907
coupon Q— Jan •103 4 103=8 * 103 'u •103 "^ io;;hji«io3>9
acquired by such methods. In the meantime, however, 4a, 1926
130^4 rl3034 *130»t> ISO's *130V
regiflterediQ— Feb •xSOa.
4s,
coapon!Q— Feb •131»4 »13134!*13134 •13112 13ml 181V
other influences may be at work, and if there is no offset to ia, 1926
* Tbis is the price bid at tbe morning board no sale was made.
the exchange which would naturally be created in the settlement of the San Francisco losses of British insurance comRailroad and Miscellaneous Stocks. The firmer tone
panies, the amount would doubtless have an appreciable which characterized the stock market at the close last week
exchange market here.
effect upon the
continued in force until Tuesday. On that day, under the
The open market rates for call loans on the Stock Ex- influence of a more definite prospect of a coal strike and
change during the week on stock and bond collaterals have liberal sales for accrued profits, there was a reactionar}^
ranged from 23^ to 6J^%. To-day's rates on call were tendency. The latter was, however, limited in scope, owing:
4@6%. Prime commercial paper quoted at 4^@53^% for to an upward movement in Penn.sylvania and some of the
endorsements and 4^@5J^% for best single names.
Wednesday's market opened with a hesiallied stocks.
The Bank of England weekly statement on Thursday tating tone, and later was decidedly weak on the news from
showed a decrease in bullion of £1 ,216,259 and the percentage San Francisco. This weakness increased as later developof reserve to liabilities was 43.70 against. 44.10 last week.
ments there became known; the volume of business also
The discount rate remains unchanged at 33^%. The increased, owing to the liquidation induced, and there are
Bank of France shows a decrease of 3,100,000 francs in practically no exceptions to the general decline of prices
gold and an increase of 100,000 francs in silver.
which has taken place. Reading was exceptional in a drop
of nearly 14 points, but North West, declined 10, Union
NEW YORK CITY CLEARING-HOUSE BANKS.
Pacific and Northern Pacific about 83^, and St. Paul, Great
Differences
Northern, Southern Pacific, Pacific Coast, Atchison, Dela1906.
from
1905.
1904.
ware & Hudson and Brooklyn Rapid Transit showed a loss
April 15.
April 16.
April 14.
previous week.
Anaconda Mining and Butterick
of from 41/^ to 63^ points.
$
Capital
Co. have covered a range of 20 points, Smelting & Refining
116.472,700
115,972,700
115,572,700
Surplus
148.305,000
137,656,500
134,279,000
8 points and Amalgamated Copper 7 points, and other
Loans and discounts
1.009,275,200 Dec. 23,434,200 1,099,611,100 1,043.254,100
Circulation
51,452.300 Dec.
265,100
44,407,900
35,314,200 issues in this group from 4 to 6 points.
Net deposits
0981,861,600 Dec. 21,579,700 1,139,702,000 1,097,118,400
The tone improved about noon to-day, however, and a
Specie
172,704,700 Inc.
946,700
210,954,800
228,746,000
Legal tenders
77,533,200 Inc.
991,500
83,323,100
72.838,200
substantial recovery has taken place in many cases.
For daily volume of business see page 920.
Reserve held
250,237.900 Inc.
1,938,200
301,584,200
294,277,900
25% of deposits
245,465,400 Dec. 5,394,925
284,925,500
274,279,600
The following sales have occurred this week of shares not
Surplus reserve
4,772,500 Inc. 7,333,125
27,304,600
9,352.400
represented in our detailed list on the pages which follow:
Wall
Street,
—
The Money Market and Financial
—
—
;
—
a $12,280,700 United States deposits Included, against 811,730,800 last week and
$17,020,500 the corresponding week ol 1905. With these tjnited States deposits
eliminated, the surplus reserve would be $7,842,675 on April 14 and $372,075 on
April 7.
Note. Returns of separate banks appear on the preceding page.
STOCKS
Bales
Week Ending Apr SO
Week
for
—
—
Foreign Exchange. The market was strong at the beginning of the week because of speculative purchases and easier
money.
Monday it fell
by a pressure
off and it was w-eak at the
of loan and of security bills.
To-day's (Friday's) nominal rates for sterling exchange
were 4 82}4@4 83 for sixty day and 4 85}^
86 for
sight.
To-day's (Friday's) actual rates for sterling exchange
were 4 81(^4 8125 for long, 4 84@4 8425 for short and
4 8450@4 8475 for cables.
Commercial on banks, 4 8025@
4 8050, and documents for payment 4 80J^(5);4 81.
Cotton for payment, 4 80J^@4 80^, cotton for acceptance
4 8025@4 8050, and grain for payment 4 80Ji@4 81.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 21i^@520^a for long and 5 18^@,5 18}/^a for short.
Germany bankers' marks were 94 1 16@94i^ for long and
94 9-16@945/^ for slxun;, Amsterdam bankers' guilders
were 39J^@39 15-16 for .short.
Exchange at Paris on London to-day, 25 f. 9i^c.; week's
After
close, influenced
@4
range, 25f. lie. high and 25f. 9Hc. low.
The week's range for exchange rates follows:
— Long
Sterling, Actual
4 8290
High
Short-
(n)4
83
8125
4 81
©4
Paris Bankers' Francs
High
5 195^a
@5 19?^
Low
Low
—
5
@5 20Na
21M
Germany's Bankers'
High
Low
Marks —
94ii
94 1-16
®
@
Amsterdam Bankers'
..High
Low
Less:
Plus:
a 1-16%.
A 1-16 of
1
I
I
4 8560
4 84
®4
®4
5 lGJ4d
18H
@5
@
@
3-32 of 1%.
2 1-32 of 1%. j/ 3-32 of
of
1%.
-Cables-
(3)5 ICyVs
5
94 5-161 94 1.3-16rf®
94 H
94 9-16
Guilders—
40h
(<a
39 J^
d 1-32
1%.
I
8565
8425
I
I
4 8605
4 8450
®4
®4
8615
8475
IH'Aa
94 13-16
945^
40a
39 15-10
ft
1%.
The following shows the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; .selling 75c. per $1,000
premium. Charleston \2y^v,. per $1,000 premium. New
Orleans, bank par; commercial, 25 cents per $1,000 discount. CWcago,par. St. Louis 20 cents per $1,000 premium.
Sales of State bonds at the
State and Railroad Bonds.
Board are limited to $65,000 Virginia 6s deferred trust
—
receipts at 23 i^ to 24}^.
The market for railway
Lowest
bonds has been less
disturbed by current events than the market for stocks.
industrial
Mighest
Lowest
100
5% Apr 18 53sAprl8
Preferred
600 ^S^AprlS 285»,Aprl8
Asso Merchants, Ist pref 170 111 Aprl9 111^4 Apr 17
4=8Apr20
5 »4 Apr 17
Atlan Coa.st Line ri.'hts 2,000
Canadian Pacific riglits. 9.600 im2Apr2'i 12 Apr 20
lights
Chiccfe N
14,946 20SjAprl9 2234Aprl6
CleveLor & Wheel
200 93 Aprl4 95 Apr 16
igAprlS
^Apr 1
Culife Hock Coal right.s. 5,300
Comstock Tunnel
1,900; 15c. Apr 20 24c.Aprl8
600 lu3i2Aprl9 104 Apr 18
General Chemical, prcf.
100 $2 Apr 17 .$2 Apr 17
Horn Silver Mining
200 $6 Aprl7 $6 Apr 17
Iron Silver Mining
100 80 Apr 16 80 Apr 16!
Knlck Ice, pref
200 10»vAprl6 lOVzAprie
Manhattan Beach
400 42 Apr 19 42''. Apr 18
N Y Dock
75 14(5 Aprl9 146 Apr 19
N Y & N J Teleplione.
2i8Aprl9
100
2 >8 Apr
Ontario Silver Mining...
4 Apr 17
4 Apr
Quicksilver Mining, pref 200
ei-iAprU
738 Apr 14
900
Tennessee Coal rights.
:-!00
lU8Apr20 1234Aprl7
Vulcan Detinning
Preferred
800 63 >a Apr 20 65 ^g Apr 17
Amer Malting
W
.
1
1
.
HigTust
Jan
Jan
6'4Jan
25
29»4Apr
106«8Jan 112VjMar
4'>8Apr
SSsApr
1 1 i^i Apr
12 Apr
20>aApr 22^8 Apr
85 Jan 95 Apr
HiApr
'sApr
10c Mar 40c.Mar
103 Mar 106»4F«b
5
$1-70 Jan
$5
Jan
$2>4Feb
$6 Apr
77 's Feb 80 Jan
10 Feb 1534 Jan
34 Jan 50i<2Jan
14 6 Apr 155\iFeb
2i«Apr
4 Jan
Feb
6>aMar
9 Jan
50 Jan
3
—
6
Feb
8 Mar
ISi^Jan
67 Apr
Outside Market. The San Francisco disaster has been an
Busiunsettling influence in the outside market this week.
ness at the beginning of the week showed signs of improving,
the .shares less frequently dealt in receiving some attention,
On the news
while prices generally maintained a firm tone.
of the earthquake and fire prices weakened and the market
became deranged. American Can shares suff'ered tlie most,
and on heavy selling the preferred sank from 64 to 60, ending
to 7^.
The common weakened from
the week at 60)^.
Mackay Companies stocks were prominent, the common susIt gained
taining a loss from 653^, Friday's closing, to 62^.
The preferred adstrength later and closes to-day at 643^.
vanced from 72j/g to 74, but fell back to 73 J/^. Standard Oil
Chicago Subrose fractionally to 656, but weakened to 647.
way from 55!^ reached 57 J^, sank to 54^ and ends the week
Interborough-Metropolitan issues were affected
at'563<^,
by the general weakness; the common, after advancing from
The preferred rose from
535^8 to 543^, closed to-day at 52.
90 to 90i^g, but dropped to 87 J^. United Copper common
was erratic, and after moving up from 67 i^ to 683^, broke
Nevada Consolidated
to 63 J^, advancing again to 663^.
Copper touched its high point of several weeks ago, advancing
from 17K to 20; it closed to-day at 1934. Greene Consohdated Copper advanced to 31 J^ early in the week, but closes
Butte Coalition opened the week at 3634 advanced
at 29 J^
to 37^8 and closes to-day at 35.
Outside quotations will be found on page 920.
S%
.
and
Range sines Jan 2
Range for week
.
Hew York
Stock
Eocord, Daily, Weekly and Yearly
TWO PAGES
Exchange— Stock
OCCUPYING
STOOLS—JI16Ji£ST ANV LOWMST
Monday
Tue.'>dav
April i€
14
St.Aprii
April f?
BAL,Ji^
fS.lCES
Wednesday Thursday
tridav
April 20
April 29
April IS
STOCKS
NEW YORK STOCK
-Si'i.V*
.Sales 01
Range for Previoui
Year (1905)
1906
for Year
O" "a^is of 100-share lets
the
Week
EXCHANGE
Hfiares
Mighest
lAneest
I
93«8
102^2
94k
102^
153 12 154
011^ 11134 Hl\2ll2
•»6
*8»
(172
•'*67'4
'•216
59
-••il
16
'21
84
^78
•183
•iso
184
•185
12 >s
29
!•
18
(•IOOI2IO3
(•100 115
18
'71^ 72
50
6^
17^8
"w
51
»100
35
7134
51
ail^211>s 213
*4!t0 460
440
46 »s
90
99
46^8
•88
,•97
•19 »a
"iii'^e
•41
43
4539
T8«a
453^
7812
.70
70k
•73
76
95
323^2
20
'4
i2Hi
2SV:
183
185
256
188
190
4034
88 k
*97
20^^
*413,
4538
7838
'183
185
5914
S-S^,
76 »,
21*8
85
78
-1
6k
18^2
6k O"*
18k 18k
100
35
115
35 k
71
50
715^
213
213
2133.
dtiO
213
188
190
9'4
3834
72^.
513i,
47
88^2
99
60%
•6
6k
17k
20k 21k
42 k 43k
46
45k
2036
43
6
17
17',
lOOSslOOSe look
'100
100 115
34»8
33
34
70k 71k 71
•49
49 k 50
206^4
210 aio
•78
70
70
•73
76
96
86
Sa3ia326i»
•73
•85
323
ft9k
79
70
76
95
325 k
41k
44k
78%
4334
78
69 k
3021
30^4
69
61^ ;61k
*8ite •82
28»» 29
42
129''8 131>2
98
98 »i
17434 175»4
-30
69
61i
6884
'"41-k
"
•8234
82^8
130
69',
•73
76
6
17 \
loo's
115
95
323
a;315
85
130 132
96 k 96k
173 174k
•30
30%
•68
60
60
6i
66
eS'i
*S2
83
83
175 k
30
41
81
132
82 k
•57
60
60
64
28
69
28
38 k
90
•3d
•88
40
36
•88
36
9ii
74k 74k
• 72
76
70
72
38
•70
74
76'2
161 15134
15534 156»4
160 k 15138 148 k 160k 146kl483<
•155 1S7
156 155k
15534 156
"7434 "7478
117 11734
"74" 'Yik "72"'4"73
73
117 117
115k ll«k 112
7334
14938160^
157
,"73^a"74'i
lie
96
78
98
158
176
»94
,168
J»173
•34>2
72^1
35
'J-^x^
96
*70
80
•90 100
157 157
•173'3l75
34 12 347,
723* 73
76
*90
157
76
100
169
17334 17414
34 k 36k
72k 7314
•70
•90
90
100
156k 158k
173k 173k
34 k 353.
72
96 hi
9618 96^2
9434
96 k 96 H.
'3.42
142
*140 145 *140 145
*140
39*4 3y34 *39
'38
40
•38
40
•19»4 -^l
•1934 21
•20
21
20k
144^8 144". 144 146k 141 145k 142
70
7U-'s
7034 711
7312
71
71k
111 114 112 116 114 116 *114
80
88
86
89
89
•bV
90
•IU9342OU
19934 1993.1 199k 199k no 1134
«51'8 52-\
8U^ 8US
•90
92
Hi
,2i8-'8 2ly'4
6 134
5^2i.
8934 yo
*90
92'
21934221=
.12Ukl3U'» a;12734l30
108 "lUl
28 '2 *125
m
51k
81)34
"91
Sl'i
yp,
92^.
219k2iil
127 128
•101 110
•123 128
142kii334
•37
42
82
83
108
128
14134 142 "2
-37
42
82
82
105 105
138iel3U
137 k 139
137 138 '<
•90
91
90
90 k •90
91
•96 100
•96 lo 99
*96k 99
27^8 28
28 k 2812
2734 28\
66*8 66 't
6634 67
66 '4 663^
70
•C5
69
•68
69
69 \
4812 4914
49
493,
4709 4S1<
»176 185
•175 185
'175 185
•23
24
2334 24
23k 24k
'•64 k 571.J
66
56
57
671.
69 k 69 Hi
69 k 69 \
6S'8 69J;
•118 118^4 118k 11814 '118 llSi,
40->8 4u»8
40 k 40 7(
40 k 40\
100klU0<« 100 100
loo's look
33^8 3J\
34
34
3358 333l
•132 136
13ikl31k 133kl33'2
35a. •34
'Sa
•32
36
85
36 k ;^«
36
36
36k 36I4
55k 65k 55k 65
55 k 5514
-
14138 141^4
•37
42
82
82 >s
•100 lOV
;
,•
'
'
'
7 2^4
95
143
deb.
Electrie
Do pref
Hocking Valley .
Do pref
B
Havana
3334
70 k
y4k
3,-
114
24
'142
*70
*90
156
*138
38 k
40
20k •19
I43I4 141
73
69k
116 112
86
90
19934 5197
61
49 k 50
50k
24 k
150
80
100
166
Street
CerUflcates of deposit..
Mexican Central
Michigan Central
Mmueapolis & St. Louis.
Do pref
Minn. S. P. & S. S. Marie.
Do pref
liSi"
i36k
•37
42
125kl33-'5,
1,80(
1,60.
2;-*,uuo
6,200
15,601
lOO
300
•37
*77
•100
125%
41
81
107
1283*
*89
90
90
90
90 k
96 k 99
•95
99
99
26 '4 27
27 k
27
27 k
65 '2
63
65 k 66
653.J
66 69 *6« 69
69
69
47
46^8 48
46k 46 k 46
•175 185
•170 185
175 185
22 k 23 k
22% 23
235s 241.
541-;
67',
54 k
5134 60
66
6634 es^L
64
66
64 k 66 •'8
117kll8
118k 118'4 11734 118
393,
39
39 k 401.
38 k 3v.%
9934 100 k
100 100
99% 99%
32 k 32 "2
33k 33% 32 k 33
*130 135 132 135
'130 136
•32
35
*S2
35
•32k 35
3534 36
3534 36
35 k 35'
54
55
64
64
54k 54 k
90
•96
26 k
63
reonaife Eastern
rutsb. Cin. Chic. &
St. L.
.
2d pret
Rock Island Company
Do
2;i
pref
pref
Do prof
Soatliern Paclllo Co
Do pref
Southernv.tr. els. Btmpoo
Do
'pexas
X. Uird
do
pref.
<fe
Pacific
Avenue
(N. Y.).
Toledo Railways
Toh
& W.
&
Light
V. tr. ctts
St. L.
pref. vet, tr. otIs
Do
734
20 J'ne
42 k J'ly
Jan
17 k Jan
13% Feb
6 J'u(
3034 J'ly
10
Mario
11834
Apr 4
19% Mar 2
Aprl
u9
400 111
900 81
12,900
2134
8]
106 Oct
145 Deo
173 Deo
30 k Nov
Aug
73
1
10%.Mac
Apr
45 Jau
158
76 "4 Dec
122 k J au
Dec
95
Aprl4 r20%j^,u27| 114 J'ly
Mar 1 '•H34jun 9 74 Mav
204% Jau 19 J191'4 Deo
311 197 Jau
5714 Jan2-.
40-% Jau
J] 0,430 48k Mar C
*50,8UO 81 Feb2f- 9 Ik Feb 1! 76 Maj
2001 89kAprl- 96 Jau 6 91k Feb
88,3j0il99 Jan
23Jkhebl4' 165 Apr
18,5UO|103 Jau 10 l'i>''6Apr li
78k Jan
^216 Sep
64 Mar
88 '2 Mar
06 Aug
216 k -Vug
109 k Oct
'.
105 Jan 5 106 Jau 29
1,100 105 k Jau 10 128 k Apr 14
414,490 136% Jiar21 U7kJau2:-!
*0 2 Jau 15
3Vk Apr
i',206 78
Feb 28 «7 Jau 24
100 lOo Jiar 5 108 k Jau 2;
,cl64 J an 23
615.^00 125 Mar
700 89^2 Mar 1 96 Jau 22
90'.^ Jau 2 102^ Jau -20
26,406 233gj;m
-^%Apr 2
8,625 61k Jau 4 68%Mar31
200 60 Feb 20 7234 Apr 3
3,900 45 Febl- 51k Feb 6
190 Jan 3 190 Jau 3
4i5'o6 20 4 Jan 2 27 k Jan 19
2,300 53 Jau 5 61 Jau 15
185,850 04 Apr 20 72% Jau 2^
1,100 117
Feb2S 118% Jau 19
51,200 3534 Jan 2 4,i''b Jau 26
2,060 99 Feb 17 103 Jan 16
3,500 32 k Apr 19 39% Jan 24
" ri:iaJ4 Jan 17
200 130 k Fob
3<)
Jan 22
32k Jan
1,^00 35 Jan 6 40*2 Jan 19
1,350 54 Mar 9 59% Jan 19
Oct
843^
Jau
42
'i';^kAprl7t
:Aiat
Mar
Aug
26
165
1734 J'nt 24 I2 Jau
13634 May I6734 .Mar
Keb21
15b'4.;au
Fob
Jau 108
Jan 109
loo
85
131
k May
27
70
105
Jau
Oct
Aug
148
4834
8734
IMay
Apr
Mar
Mar
Feb 112
Jan 14334 Nov
May 97 bep
Jau 101 Nov
21-34 Dec
37% J an
60 Uj Not 85; Jau
:!;79
90
84
67
45
-
C.dbE.l.com stock tr ctls
St. Louis Southwestern
k Mar
Mav 89 Sep
60 J'ne 78 k Sep
29 Maj 37 k Apr
108 « Mav 187 hi Apr
18210 Jan 192 k Apr
olBOJ^J'ne 249 Jau
234 Jau 265 k Feb
150 Jan 225 Jau
195 Jau 230 Jan
;h
pref
Mar
Apr
8334
fc
stpret
Is
Do
17k Mrt
25
."
Dd pref
Reading
St, L.<fc,S.Fr., 1st
t-33.;
44'.>
Oct,
23 k Mar
26-'8Janl9 18 k May
140 Mai-19 149 Feb 26 4130 J'ne
73kMar22 8414 Janll 56 k Jan
95 Apr 2 100 k Jau 3 86 Jan
141k Jan 4 164 Mar24 89 k Jan
169 Aprli l8334jauH 148 JuD
1'33
Jtar 5 40% Jan 12 24 Max
68 Feb2S 74% Jau 18! 56i4May
93 Mario 10034 Jan 20 94 k May
140 April 1-19 k Jau 12 137 Jau
37-14 FeblO 41.
Marl4 33 k Ma\
16,0 16 141
prel.
'2
42
81
200
95 k Missouri Pacific
142
NasU. Cliatt. & St. Louis
at.of Mox, non-cuiu.p1
41
Do 2d pref
2L
142 N. Y. Central & Hudson..
69 k N. Y. Chic. <& St Louis...
Do Istpref
115
Do 2d pref
88
1973. N. Y. N. Haven & Hartf.
4J1-, N. Y. Ontario & Western.
Xorfolktfe Western
90^8 91-''e
S8k 91
Do adjustment
93
91k 91 '2 9ik 91k 90
2Uik217k a;212k216i4 Northern Pacific
215k219
5>acLfic Coast Co
123 k 125
125 k 122 125
121k
101 110 *102 li(» lOJ 108 L Do latpref
Do 2d pref
123 125
125 k 125 H
123 125
141 14 k 138^4 141% 13^kl40ij Pennsylvania
•37
8U
3,800 112
17,701)
8k
87k Sd\
>4
GOk^i-ar
75
V:
Id9kl71
33^2 34% Mo. Kansas <fc Texas
69 If
Do prof
x66'^
95k 94 k
*136
140
'6S^ •38
*19
21
143
141
68
7l7f
IIG •110
•84
86
19734 S197
7;
114'2
Nov 7434 Aug
Mav 235 Oct
45kMa.\
30 Dec
-J
26 k 273. Kansas City Southern ...
67
67 k
Do piet
•86
39
Lake Erie <fe Western...
83
88
Do pref
L. Shore & Mich. South'n
73
73 Long Island
146k 148k Louis^vUle & NaehyUle...
164 k 155 Manhattan Elevated...
etrop. Siicur., sub. roc.
of deposit..
116
24 '2
160
*70
80
•90 100
155 k 166 k
169 I70I4
Jan 177%.Sep
I")
6m Kanawha & Michigan..
813,
O.Ft.S.<SiM;.,tr. cts. pfd
81k
67
190
&4 Feb
16kM;ul5 46% Feb 21
96 Mar 5 109% Jan 15 90 Jan 111 -Mar
il8 Jan 23 115k J'ly 12 13^ Mar
115 Apr
6.600 29 k Jan 4 37 Jan 24 22 k Jau 30 'a Apr
73 Feb 9 52 May 69% Dec
5,800 68 Jan
56^4 Jan 12
1,900 48 Mar
32 k May 55 Deo
2,900 202 Mar 5 229 k Jan 18 178k May 24U»4 oet
300 440 Apr 20 47 4 'i Feb 2 335 Jan 498 k Oct
8,850 38 Jail 4 51% Jan 26 27 k May 393, Deo
83 14 May 91k Deo
1,350 86kMarl9 91k Jan 2--'
»93i4 Janll 102 Feb 9 76 k Jan 96 k Deo
22% Jan 11 1134 May 2234 Nov
2,210 16 'e Mar
45 Jau 11 21 May 4634 Nor
4,200 36 Mar
50% Jan 16 37 k May 52-^4 xVug
72.900 41 k Mar
4330 76 Mar21 83 JiiulS 74%Ma> 85 k. Aug
3,010 66 k Mar2
76% Jan 16 5512 Jan 78% Aug
75 Jan 8 76 Jan
63 J'ly 75 Aug
.s.S
88 beb
Feb 6 86 Nov 96 Aug
30,400 283 Jan 5 348 Feb 9 236 Jau 335 Apr
9^12
92 "2
90 Jan
""17 19 Jan 2- 23 Jan 22 S3 Feb 24 >2 J 'no
k Apr 20
k Jan 19 17 May
33 k Jan 19 42 April) 15 Apr 38 k Doc
2,900
930 77k Jan 15 84 19 Jan 30 50 J'ne 82 Dec
1,160 113 k Feb t 132 Apr 19 86% Jan 121k Dec
l,9zl 93 k Mar 6 98 k Apr 16 90 Jan 97 k Nov
7,12 liio
Mar t' 182 Jau ir 15234 Jau 183 Sep
1,900 28 k Apr 20 34^<4 Jan ]'.
24 May 32 Feb
100 56 Marl9 63-14 Jau 13 50 May 61 Dee
6,050 52 Mar 7 65% AprlV
29 k May oS-'i Deo
500 81kApr20 84 Fob 7 81% J'ne 87 Oct
6 k Apr 20 37% Jan 5 22 k May 36 '4 Deo
4,700
65U 57 Apr 20 71 Jau f- 52 Jau 70 Feb
600 31 Feb 2
44% Jan 12 28 >< J'nt 47 k Dec
200 ^»7kMarl3 i9JkJan26 91 J'ne 106 Mar
290 Jau i350 Mar
1,80U 67 % Jan 4 8I34 JanlUi 50 k May 73 k Nov
38.100 144 Mar 5 156 k Jan 19] rl34k Jau 15?%:^ep
Feb
1,100 154kApr20 162 Jan 26 161 May 175
65 Feb 28 7512 Jan 15 68% Nov 91 Mar
5,500 70k Mar 2 74% April!
975 111 Feb 27 i27 Jan 16 114 May 133 Aug
ctf.A
ctl.
13034
l.'^OU
73% '7'2%"72k Certiticales
Metropolitan
117k
118k 11834 xll7 117 k 117%1173fe •116 k 117 k 114
25^ 25'.^ 25 k 2512 26 k 25 k 24k 25k 24
•142 150 li2 160 142 150 *142 145
'142
•73
132
96 k 964
6O34
28
90
92
81
Do
k April
Mar 8
77% May 93% Mai
JaJi 105% Sep
Jan 170 Apr
100k Jan 117 Aug
91 Mar 100 Aug
5G%May V 1 'o Nov
84 Deo 91% May
99
120
3,600
17034 1713. LDinola Geutral
28 k 29 k owa Central
•67
60
Do pret
81k 81k
28
1934
41
'125
133,
96k 97k
171k 173
29k 29 k
•88
110
100
115
41
81
413,
•87^ 40
•153
6
&
Om.
CUie. St. P. Minn.
Do pref
Chicago Terra'l Transfer
Do pref
CJhicago Union Traction.
Do pret
Cleve. Cin. Ohio. <fe St. L
Do pref
Green Bay<fcW.,deb.
41k 41''t
81k 8mi
92
128
10(J
'10<.>
40
•102
5%
10k 18
24':
l«;j
331.
*37
•88
,
28
Jan 15
270 Mar30
"loo
198 Jau 15
188'2Mai-30 202 Jan 15
600
9*4 .4.pr 1
18k Jan 19
28 Feb 23 4234 Jan 22
5
60U
Mail.') 13'kFeb20
CUlcago;* JSForth "Western
Do' pret
73 76 Evans'v. «fc Terre Haute
76
•65
95
95
Do pret
318 k 315k318i,, Great Northern, pret...
73
•86
320
1313^
9812
•67
64
•82 k
82 >2
29 k
•5ak 59 k
82 "e
*96k
31
6234
41k
175
59
82
29
,
58»4
934
1912
•128 »a 130
*i»7»a 98
a7*»4l7558
•57
185
190
Jan 22
1,00a Ib2kiiill2l 190
10,330 0."> Apr 10 240
pref
32k 341. Colorado & southern
71
69% 70k
Do Ist preferred
•49
50
60
Do 2d iircf^rod
20s k 206 208
Delaware & HuUson...
'440 460
440 440
olaw. Lack. & West'n
44k 46 »s 43k 44% Denver* Rio Grande
"
87 k 87'iJ 86 k 87
Do pret
97
•97
99
98 Detroit United
19% 19% Doluth So. ynore <& Atl.
19% 20
40
39 k 40 k
40
Do pret
42% 43
42k 43% I7rie.
763,
76
76
77'e
Do Istpret
67^4 68
66 k 68
Do 2d pref
20^1
19k
41
208
250
9*4
10<4
So
183
'
460
440k 440k
4636
45
46
46 k
88
88 k
8ftk 83"k|
•97
97k 99
99
4534
7834
".35
'180
-185
30
...-..
'440
115
183
205
l»2kl!33
209
2t>5
240 250
'182
188
185 190
•10k Ilk "10k Ilk
28
'5
's,
20
•393* 397e
'*-S2h
,
184
190
212k2l3k 208
2iU
lOlklOl^ 10134102
36%
34''8
*10k
«
6k
/•^6
,
86^ 88k
177«8l78% 176k 1^7\ 174*. 177 '4
1«5
ifeS'.jiesii Iti5kl85k 185
185
lyo
•934
«8S
S22
lllkll2'b
•95
96
89
r^lO^ Jill's 212^2 215
•240 255 240 265
b
'152 '^154
8S%Mar 1 96%
91
89k Oil-, f^^
A tch. Toueka&Santa Pe 7/,700 100 Apr 19 106 Jan 13:
2.000
Jan 3:
k
Do'pref
100k 102k 100 k 101 14 iX
2,000 150 Apr 20 167% Jan 20
152 '2 152 k 150 ISl"., A.tlaiitlcCoa.st Line RR..
S9,2()U I08
Mar 5 117 Jan 27
llUklll% 10934 111 Baltimore & Ohio
7 (XI 94 k Apr 12 99 k -Tan 5
95 k 95 k
95 k 95 k
Do pref
83
8t5
82 k 843^ Brooklyn Rapid Transit.. 171,949 78 '2 Keb;7 94 Jan 2
83 Jan I'J 87 Feb 8
83 86 Buffalo & Snsque, prel...
•83
86
32,280 tifiukApr2y 17734 Jan 19
172 17312 1 160k 161=, / tanadlan Pacific
67kl't.ar 5 70kJau 8
*67
6:^
V ^lanada Sou thern
•67k 69
600 212 Feb 19 231k Jan 22;
212k 212 k 212 2123, Central of New Jersey...
21,250 54''4 Mar 6 6-k Jan 2j
57k 58% 67 14 58 k Chesapeake* Ohio
30 Jan 4 •3SkJanl5
-30 k 33 14 *30k 33 Chicago & Alton
r,3"(j(j
75'-.
74k Jan 10 80 s J an 12
75
75 k
Bo pret
21% 20k 21I4 Cbie»;^,(}reat Western.. 45,5;>0 20kFeb20 23% Jau'iO
loO 84 Apr e SOSi Jaul7
84 85
84
Bo 4 J). c.'debcntTires
600 75 Jan 10 80 Jan 31
7Tk 77k -77 k 77 k
Bo 5 p. -c. pref. "A"..
6,7011
39% Jan 22
0?,
3<6&
36k 30
Bo i'p-*). pret "iJ".. 68,0,19 :;i'-. Jan
171k Apr 1 193 Jan,2.'j
1Y1'^17&04 17Akl'7a% Ghl«5agr) jrfilw. <& St. Paul
91k 93
102 k 103
150 -•154
11 Ik 112 k
96
96
85k 87 k
•83
86
17234 17334
•67 k 69
215 215
•83
86
*83
86
8C
172 >* 172'2l72»2 172»4l74'%
•67
-67 '4 69
69
69
'215
220
220
'216 220
59I4
58k
59
bins
59
59 H)
*31
33^2 •31
38k *31
7534
7*
76
76fk
76
76
21k 22 k 21
21k 21^ 21
*84
14
86
86
84
77 k
78
78
77»2 77»a
5Tk
-37k 38
37 k 37
186
•IS6
96
8734
'
'J6
98 >2
93 k 93 Tt
102 k
1027;,
UigJiett
Lowest
Kailroa<ls.
.SII4
Dt-c
Miir
Dec 73 k Mar
Jan 194 k J 'lie
May 27 k Jau
55 Nov 66% Apr
57-34 .May
72% Fob
11534 Jan 122 k Deo
28 May 38 Sep
95 Apr 102 "2 Sep
Mar
2934 Apr 41
120 Dec 141 Deo
22k Jan 37 k Apr
175
20
34 k
May
4334
Apr
613<
Jau
66
Apr
k
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
£ia
iKItW TOHK
A.etna
Ask
ISanks
dUemical
Bid
AsIc
4-200
4275
138
273
(Stizeus' Ctrl 132
Oty
205
&.uierica1| ... 615
A.nicr Exch.. 250
ABtor
660
Batt<(r}' Park 130
320
Boweryli
Bntcii's* Ui 175
Cent ury V
175
UJiaso
700
215
185
185
Cousolidatod 165
O'riiExchgol
Discount^ ... 150
East River.. 150
jOO
180
315
F''idelity1|
Ohi«thani
ChelspaKiXcl
53(t
2r.8
750
140
335
268
Ooal <fc Iron. 260
Oolonia^li ... 600
OoUuubiall .. 400
Commerce... tiss'.. tl90
BookM
Bid
340
Fifth
760
First
Ist N'tADav 450
14tliyireoii|.
200
Fourth
21V k
(395
Gallfttin
t5arilold
170
German Aiu'ii I60
330
Ask
785
560
160
200
Fifth Avoli.. 3S00 1200
InterboroD.. 168
Irving
240
163
250
205
500 520
1650 1(>75
Mauliattauli. 300
J 10
275
,\Iarket&Fui 265
:»r>
Moctuinics'
275
Jctfersonll...
217'.. lyihorty
Ijiucolu
100
175
(iorruan Kxl
410
Genilania^ .. .)00
Grocuwioh^i 295
Ilamiltonii .. 210
500
Hanover
Bid Ask
Bid Ask
Bankn
Banks
400
Imp & Trad. 575 600 Metropolis 11.
.
300
.512
Mecli diTra'
Mercantile ..
.Merch (Cxch.
Merchants'..
16,')
2i'.0
170
165
175
;70
17,S
176
Molropoli'uli 180
190
Mt Morrisli..
:f
240
485
300
...... jFooplc'sll
Mutual]!
Nassaufl
New Aiiisior
New York Co
K Y Nat Kx.
Now York...
215
300
202
315
Wardll. {60
North AJuer. 290
Xorthcru
150
260
OrientaJII
'iPark
;
250
495
180
1.S5
570
FIioiux.
6ttO
212
490
ria/a'!
6
f20
!?eaboard
'.J50
36."^
.8'>'cotnl
700
.S'locifc
Leth. 170
1200
.'05
ASiC
I
">'ru»l
Kx('li1|
fiivcrsido^l
i 1
19tli
510
ICO
J70
.
..
170
1700
SUteli
iWh.Mtrecl.. 205
Wardli. 225
l'.;-;h!
Ex-riKlils. ^l.siuto hauks. a lix-dividend and rJiglita.
Bid and asked prices; no sales were made ou this day. i Less than 100 Kii; iircB.
Sold at private sale at this pnwj.
U Asseasmeut paid.
s Trust Co. certificates.
4 tiale at Stock Excliange o>c at auction this week,
•
Bid
Banks
!p.acilioTl
(;New
1,S0
280
:ooo
Slock.
912
Stock Record— Concluded— Page 2
BTOCKS—HiaUBBT AND LOWEST HALE i-HlCKH
Mondav
April 16
120
nui< 11914
118
167i« 16834
•9478 yji-j
Thursdav
April 19
16438 157
95
9a 'a
*84>4
9»
86 "a 86 Hi
1201,
96
98
-118>2l20
Tuetdav
April 17
WBW
87>4
(Wednesday
April 18
119
117'»118'-j
1)0
1l\
25 3h
2638
5i
22
5715 583^
1137ell53t,
28 14
29 3s
95
28
303s
iiT-4
871.
44^2
453s,
'
102
*7^
8
34 >4
102
-3334 35
•88
95
225 238
IOI4
10
734
8
341.
3434
6OI4
343.,
69^8
^^lhi
t>0i4
23^8
*21ivi
*44
63 3f.
24
46
•44
46
tj8^
•114
158 'a
116
*115
y
5^
2-J
281-2
63 '8 64^4
'88
881-2
88 »3 88 >i
*991q100
160 16112
•99muO
•205 225
•IO2I2I07
1021^107
X'Z\ 12%
46^2 46 12
13954 14012
•1214
4634
135
135
104
43
108
282
126
42»4 43 12
•IO61.2IO8
2S4
130
2118 2134
lUo
•
10434
17:^
.•2I4
•Z214
i:43i
8534
88 95
227% 230
10
•7%
2834
61
84
86% 87
99
•99% loo
lOO^s I6134
120 12II2
205
225
102% 107
12
45J8
14034
136
*137
46%
lllilOp
140
140
104% 104%
43%
433fc
20%
46"fe
•95
23
13634 I39I4
10538105%
62% 03%
112
23%
24% 25 14
79% 80 \
B9
8b
>-176
6OI4
86
180
105
IO4I4IO5I4 *104
I70I4I7OI4 170 17134
22 14 2234
22 14 22 S,
85^8 85
8578 85't
68I4 74
73
73
'i
47%
ai85
o4i8
05%
481,
alio 116
1514
15
15
86
83% 87
85 1<
833b 84 li
84
104 104 *103 104%
151 I5II4 15034 151
100 1013^ IOII4IO2
44I4 45
44 14 4434
237
653,
103
3134 32
103 1-2 103 12
83
S3
•108 116
•145 150
•74
77%
31%
32
103%
Mh
9S3
1L\
60
67
99
240
55% 56-4
1023, 104
103
7;
6II2 5
94%
•117
9
12;
891a
8Jis
30
317,
70
67
62 14 53
1121»lljl8
81
81
42^8 4358
11212
45
9218
•169
•
934
-
7%
7%
31%
2834
61
84
100
225
12
12
45
45%
59% 62
22%
4II4
llis-Clialiners
2,3(?0 55
Mar 3
977,980 100 .Mar
Ajner ARncult Chemical
70U 24% Jan 3
100 93% Jan 6
Do pref
AmerBeet Sagar
23,000 2'i Jan 30
50U 85 Jan 22
Do pref
American Car & Foandry 32,200 3939 Mar 5
2,000 99%Jau 4
Do pref.
3,530 31% Mar 6
American Cotton Oil
Do prof
92
'"36 220 Mat 1
Americaa Express
Mar20
American Grass Twiue ..
D,330
9 Feb 17
600
Amer Hide & Leather
7 Marly
1,900 30% Mar 19
De pret
American Ice Securities. 124,681 35% Jan 2
American Linseed
20 Jan 5
400 40% Apr 19
Do prof
3j,
4II4
101
»»
Feb
'.<2%Deo
94% Deo
85 XoT
24 % Sep
48
30
Keb
Dec
1934 ,Mar
48 Feb
2m % Mar
33%.\ug
04%Oet
250 Mar 5 5236 Jan {250 Feb
27-18 Jan 24;
67 Jau 24
118% Febl3;
34 % Jan 2
102 Jan 25
35 Jan 6!
89% Jan Ki
47% Jan 24
105 Jan 24
44% Jan 11
95 Jan 10;
249 % Jan 26
1134 Jau 15'
10 Jan 26
43 Jau 25
63%.\prl7
.
29%Jan2-.i|
13 May
4 '5% .May
May
31
zl'1% Jau
273, J'Jy
89%
J209
1-
J'iv
Jau
434
Aug
6
J'ue
29% Oct
2434 J'ly
15% Jan
5;i7gjau20 36
66% 68 American ijooomotive.
53,15'» 65% Mar 5 78% Jan 4
33
113 116
250 114% Apr 19 120% Jan 16 10334
Do pref
•434
(j
100
Amer. Malt. ctfs. of dep
5
Feb 28
6 % Apr 5
5
27--'4
2778
Do ])ref. clfs. of dep.. 1,700 25 Jan 8 2973 Apr 5 2434
44
47 Am!*r Piienmatic Service
3,100 44 Apr 20 5434 Aprlc;
*hO
87
600 84 Apr 1.^ 8s%Aprl2
Do pref
*98
99 AmerSnielters Seopref ii
r99 78l^eb21 101-4 Jan 18' 97%
154% 15734 Amer. Smelt'g<fe iJelin'g, 143',i'o6 150i4M.ar 5 174 Jan 18 7934
1191-411934
Do prof
3,400 119% Apr 2 130 Jan 12 111%
205 225 American Snull
220 Jan 25 220 Jan 25 163
102% 107
107 Jan 26 107 Jan '.iO 99
Do pref
11% 113. American Steel Foundr's,
1,600 11 M.ir 5 1514 Jan 17
678
!J
24% Dec
OS Fob
Jan 111 '4 Deo
Jan 29%.^pr
89% Feb 95 Aug
23 XOT 35 Deo
77 Jau 89 Deo
70
20
Jan
Jan
Jan
Dec
Dec
43'b Apr
104% Apr
40% Dec
97 Feb
246 Feb
14 Jau
11^ Deo
56% Mai
36 Deo
23 Deo
48 % .Apr
76% Dec
122=, Apr
5 % Nov
26 Nov
Sep 102 Nov
Jan 17038 Dec
Jan 137 Dec
May 250 Nov
Jan 1 10 Dec
18^8 :Mar
J'ly
2,2«J 42% Mar 1 53% Jan 17' 35% J'nc 67% Apr
53,685 \zl^> Mar 5 157 Jau 8 130 May 1543^ Dec
136 138
137 137
10<J 137
Apr20 140 Jan 19 133 May 141 Aug
138 138
•137% 138
200 l37%Mar28 144=8 Jan 19; 131 Dec 148% Jan
104% 104 In
103 103% Amer. Tobac. (ne-w), pref.
4,360 103 Mar21 109 Jan 22; 917g Jan 10936 Deo
41=8 4234
407a 4l\ American Woolen
7,180 40 ^8 Jan 4 48 Jan f>! 20=8 Jan 47 % Nov
107%108i4
106 107%
Do pref
550 103 Jan 3 11036 Jau 2i' 93 Jau L 0.x % Mar
273% 279%
:i65%271 Anaconda Copper
290,300 a;230 Jan "300 Febi.i! 100% May 295 Dec
125 125
123 126 Brooklyn Union Gas
400 125 Apr
178 Jan .^3; 175 Dec a;215 Feb
1914 19%
18
19%
ninsw. Dock & C.Imp't
7,250 14%Mar20 2134 Apr 14
1078 J.
in 22 % Deo
54 %
62
54
60 Butterick Co
9,400 40 Auric 60 Apr.;o 50 Dec 60% Jan
44I4 4434
43% 44 Clentral Leather
17,200 41%Febl7 49 7s Jan 24! 40 Sep 47 % Oct
104% 105
10334 104
* Do
pref
2,400 103% Apr IH 107%J.in 24' 102% Nov lu5%Nov
60% 62
69% 6O34
54,450 55 % Jau 4 8 3 ^8 Tan -0 3S Jlay 59 Mai
"95 115
93 105 Colorado Fuel & Iron
95 Jan 15 112%jauV;9, 80 Aag 105 Mar
Do pref
23
20% 22 CoL & Hook. Coal & Iron. 4,700 17% Jau 4 26% Jan 31 1134 Mav 20 Dec
t23
137% 13834
137% 13934 Consolidated Gan (N. Y.). 68,500 13634 Apr 17 I8I34 Jan23 175 Nov 214 Mai
24I4 25
2334 24% Corn Products Refg
15,450 2334 Apr 19 28 Apr 4'
78
79
Y8% 79
Do pref
5,950 78 Apr ; 8 86 'i Apr 2
5778 59%
661^ 677, Distillers Socurit's Corp. 30,387 51 J an 30 6238 Metros! x34 Jan 54% Deo
86
81 34 Jan 3 87% Jau 19; 76 May 89 % Feb
86
Blectric Storage Battery.
•172 180
•172 ISO Federal Mining & smelt'g
138 Jan 4 199 Jau 22 60 Jau U5 Nov
103 104%
102 1031,
Do pref
3,600 100%,
Mar 1127g Jau22i
Jau 110% Nov
169 170%
167 169% General Electric
181%Jan 9; 169 May 192 .Mai
3,500 165% Mar
22% 221.
21% 21% International Paper
2,000 21 Feb 28 26% Jau 15 18%J'ne 25% Deo
8478 847e
Do pref
_
1,607 82% Marl 6 90 Jan 13; 76% Feb 88 % Deo
681m 69 International Power
J:m 29 48 Oct loo Feb
1,000 68 Jan
a;95
45
47 Internal Steam Pump .
Jan 15 4S% AprlO' 26 Dec 4078 Feb
7,775
•82
»5
1x0 pref
2,400 79 Jan 11 87 Apr & 78 % May S8\.4Lpr
6478 (i5
KnickerDocker Ice( Chic)
8,700 59 Mar a 68 Jau 15 10 Jau 63 Dei*
64% 6436
Biscuit4,000 64 Apr 19 71% Feb 6 52 Aug 69% Deo
116 118 National
Do pref
50 113 "2 Jan 6 118% Feb lu 110 Aug 120'4 Mai
14
14 Mat Enamelmg&Stamp'g
800 14 Mar20 18% Jau 15 11 Aug 31% Apr
86
85 Marl7 88%.Mar b 80 Aug 94 Apr
Do pref
78-(i
81% National Lead
3i',945 70% Feb 28 95 S; Jan 19- 24% Jan
89 % Dec
103 li 10334
Do pref
200 102% Feb 28 106% Jan 2
97=8 Jan' 115%Deo
145 147 New York Air Brake
3,50U 145 Apr20 10334 Jan 5 140 May 1 6834 Nov
981-4 100
.North American Co., now
8,900 97 juar 5 107 Jau 12! 9508N0V 107 Apr
40
413, FaciHc Mail
6,750 40 Apr2u 51% Jan 19 33 May 5334 Deo
93
93
eop. Gas-L.cfc C. (Clue.)
6,900 92 Apr 20 103 Jan 2 97% May 115% Apr
1434 143 Pitts Durgh Goal Co
1,000 14% Apr 10 1758Mar31 12% J'ly 21 Ma;
•66
59
Do pref
100 54 Mario 62% Jan 19 45% J'ly S0%M»J
5338 551, Pressed steel Car
18,300 49% Mar 5 64-8 Jan 24 33% Jan 5334 Deo
98% 99
Do pref
i,;i55 96
Mar 105 Feb 1 87 Feb 101% Oct
237 237% a36%23i>i-. Pullman" Company
6:-!7 236% Apr 20 24734 Jan 15 230
May 258 Aua
65
55%
I » ailway Steel Spring
4,100 63% Ai)r2li 62 )4 Jan 15 30 May 63% Dec
10234 103
iVDo pref
100 102%Mar31 107 Jan^^i 93 Jan 106 Nov
29% 301.;
Uepublic Iron dj Steel
S,550 26% Mar 6 39 Jau 12 15 .Tan 36% Deo
101% 101%
Do pref
3,000 98 '4 Mai-19 110% Jan 9| 67 Jau 108 Deo
80
81%
Sloss-Shellield St. «fe Iron
5,200 75 .Mar
97% Jan 12 60 Jan 118% Feb
108 116
112 Feb
Do pref
113 .\pr 3i 100 Jan 130 Feb
145 160
Tenn. Coal, Iron & RR...
129 Jan 2 3;165 Jiui 12j as J^an 148 Deo
72
72
Texas Pacifio Land Trust
6u0 647gjan 2 83 % Jau 24 37% Jan 66 Deo
8% 9
4,060
8%..i.prl? 15% Jan 19!
Union Bag <& Paper
85e X'ue 15% Got
70
70
Do pref
1.190 70 Apr il 84 Jau 18 68
Tan 82 '4 Deo
48% 497a U. S. Cast 1. Pipe & Foun. 16,200 45 Mar ' 53 Jan 1
197g Jan 48 % Doo
93% 94
Do pref
1,911 91%Mar22 96^8 Jau 24 79% Jan 9/34 Apr
§118 118 Uniteii States Express...
45U ill5 Mar 3 138%.fau26 }110 Dec 134 Fob
89 U S Realty & Iinprove'nt
87
1,400 84 Mar 5 94 % Jau 20 77 Jan 98% Mai
29% 31 U S Reduction & Rettn'p- 8,130 24 Mar 1 35% Apr 16 18 Feb 40% Apr
05
68
60 Mari- 72%.-Vprl6 35 Jan 73% .Aug
Do prei
6,871
6134 53
United States Hul>ber
9,660 4S3^ Mar 1 58% Jau
3334 Jan
58%Sep
108% 110
Do Istpref
2,0S5 108 Feb 19 irllo Jau 15 9S35 Jau 118% Apr
Do 2d pref
79% 80%
1,710 79% Feb 81 a;S7'.j.Ian 15 75 Nov S334 Deo
4134 43% United States Steel
584,910 3Si4itar21 46% Jan 20 2473 Mav 43 % Doo
1U7 10838
Do pref
107,950 104 >, Mar 5 113% Jau 20 9034 May lu7 Dao
47% 48;% Virginia-Carolina Chem.. 10,500 44 Jan 30 58 Jan 2 2834 Sep 58=8 Deo
112 X12%
Do pref
650 HI Mar 1 117%Jan 2 103% May ll8'-'4 Deo
44
4634 Virginia Iron Coal & C.
1,525 43 Mar 3 56% Jan 24 36 .f'jie 52% Feb
4246 250
576 233 Mai-19 260 Apr 16 J22t>%D€C 260 !•«)
Wells Fargo <fc Co
9238 92%
est'n Union Tele'gpli
1,200 j:91 Mar20 91% Jan JO' 92 Jan 96 % J'n«
156 164 West'gh'seElcfcMfg assen
200 160 Mar 2 176 Jan 5 152 May 184 Apr
Do latpref
185
185 Feb 8 188 .Tan 22; 187% Dec 197 Apr
138^8 1403^
4378
13614
44%
Do
prei
Suffar Itolinmg
Do pref
Amer. Teleph. & TeleR.
138% American
.
'.i'-
1081^109
4934 5u
•253
33%
225"' 235"
21
.
1
lllqhett
-J
94% 94
6538
102
2
Jan 3 160%
450 94%Aprl2 99% Jan 2 95%.Vov
.0')
Apr2U 98 JanlH 21%J.-in
37,810 .'^5 Apr 20 93% Jan 17 64% Jan
100 84% Apr 19 87% Jan 13 80 J'ly
G,6i)0 20 U Jan
'.^6% Jau 24
17% May
9,500 40% Jan
^A'\. Ffh i
37 .Mnj
400 31 .Ian
42 Jan 2'.), 27 Kov
900 177,: Jan
2134 KeO 6 15
Max
3JU 41% Jan
4.-<%Kob 6 30 May
000 25 14 Mar20 29% Feb 6 20 May
1,500 25«8 Mar23 33 Jau 17 20 Apr
2,600 51 Apr 19 64 Jan 15; 45 Jau
S246 Feb 28
lO.SWI 19«Bilar
Express
1
83%
•15% 17
•10:^3^
"43%
934
15734 I6OI4
119=8 120
205
"41"%
IOI4
4
Adams
Lowest
10
JaciriJ'-.' Aiir
{l.WSiMay l-jo j'ue
Jan24| 113 Jan 1 < 1 34 Deo
22:
14,."550
1)0
pref
IIUOb AmalgamaterlGopper
102
32
31
Wabaali
25%
Do 2(1 prof
263h Wisconsin Central
52
Do prof
InUtistrinl &, i^liMCvll
"26
28%
98
•26" 27%
3
jircf
United Kyaof St Lou. prol
21% i!l3^
56% 56%
107
122% Jan
_
671,
651;
-1414
9934
842,250 148
pref.
47 1«
Do prof
37 Western Maryland
19 WheeiiDKA. l^ako Erie...
42 14
Do iatprer
265
Highest
Feb
Uange lor trevxms
year(iy05)
.
85
•831-2
•56
56
95
237
102% 107
12 14
52
ISO
42%
283^
50
1
33
61
•21
62%
2UI4
••176
•934
•714
52
45% 46%
59^ 61%
86
427a 44
10134 102
33»8 34!>8
2834
62%
8II4
281,
69I4 70%
6734 6
11512116% 115%115%
'5
5%
5%
6
277 14 284
127 130
13934
2534
27%
94
2634
*90
34
34%
62 14 63%
•21
24
41
41
2134
81
27
•93
225
IOI4
8
106% 108
108
286
130
24=fe
8li2
60^8
86
ISO
•176
104
172
34%
139
2434
140
26
SiiQ
59^8
'44'^
102
34i«
67
67
Ii0»8ll3
86
"44%
102
105 1U5%
t62ia 6334
-93
95
24 la 2434
6238 62 's
139
26
4334
30%
2034
*92\ 95
241-2
140
140
105
2734
40
46
54
4638 46ij
1041-2
1234
47"
140^142
*137 138
•137 140
•104 -Is 1041-^
»51
512
2914
160"8l62'6
J 21
12134
205 225
121i4l:ili4
•127
117
"1=%
*5»2
•2834
53^8
2761-2
71I4
691a
58% 58%
11278 11434
•27
29
94
94
240
4,000 116
prer
Do
1834
1
Lotcen
I'ransll.
UnitUysInv'toJSanKran
2l>4
"<•"!/« 10^ *'<"" JS'Ofl
basis o/lOU'thare loU,
r/n
Union VacUlc.
Do
'244 255
j250 250
21% 22%
223e 2284
(ji\
EXCHANGE
37
265
23
Sates
YfMlK STOCK
UTHillTHz Twin Ctty Rapid
20»4
4«3r
244
STOCKS
(Vol. lxxxii.
112%
4/
'^60
"314
164
185
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bid
Ask
23d Wardf.. 150
Vnion
Exclili
210
107
Banks
Bid
Ask
Bid
y^k
BROOKLYN
220
113
Bid
Ask
Fifth .Ave Tr
580
Guarauty Tr
600
Guardian l"r 225 2^5
Cuick 'rb'kT 1200
Law- r I <&Tr 290
395
Home Baiikli 150
.Mauufactrs'. 395
Mechanicsll 285
Nassau
255
Nat City
300
North Sidel. 3«0
First
Ti'ust Co's
Bid
.,45^
N Y LifeATr
1000
720
323
420
t6J0
750
1400
4a5
1360
345
425
1075
730
NewYorkTr
Trust Co's Bid \Ask
BROOKI.TN
Brooklyn Tr 400 41:8
Citizens'
175 186
Klatbush.... 270 280
Franklin
375
HamUton
350
N. T. CITY
Real Est Tr't
Bankers' Tr. 530 550
StandardTr't
440
Bowl'gtireen t2l9
TitloGu&Ti
liroadway'l'i'. 150
Ijlucolu Tr... 600
165
615
Tr Co of Am.
765
Vorkvilleli . 400
Central Tr'st 2200 2230 Manhattan .. 475
•iOO
Union Trust
1425 Home
195
Colonial
:-85
Mercantile ..
400
900
USMtg&Tr
luO
Jenkins
BEOOKLrN
People's!]
:i50
Columbia
Jletropolitau 590
270 l&J
titO
Unit suites
1390 KinffsCo.... 460 500
Boroughl]
150
Prospect Pkl] 140
Commouw'th 90 100
MorCouTrust 810 S60
Van N'deuTr
LIslL&Tr. 305
Broad wayli.. 400
liidgewooUll. 150
Empire
HIO o20
Mutual
135
140
W.-iJiliuifrtou.
Nassau
205 270
450
Brooklyiil) .. 145
150
Tei'uiinal
140
150
K.finitKbleTr 490
Mut.AUmnce 225 235
315
Windsor
265
People's
345 365
Dealers'TI
150
2-15
Unlouli
2;!0
i'';trni Lo & 'll
1110 1450
Wilfiamsb'K. 225 235
• Bid and askedpricee; no sales on this <iay.
i Loss than li;0 sliares.
Ei-rights.
New stock, c Es-dividend and rights.
t Sale at Stock Bxcluinge or at auction this week
o Ex stock dividend, s Trust Co. certificates. 1i Banks marked -with a paragrapb (IT) are State ^ nT^^^^
"United
VSExcha'el 125
WaslUl'litsI 225
WeslSidell.. GOO
130
-
.
:f
/<
Stock Excliange— Bond Record, Friday, Weekly and Yearly
New York
«m;c'Upyin<;
BONDS
Friday
April 20
Bid
U. W. (iovemiJieiit
U 8 2s ooBSOl registered. dl930
V S 2s conaol coupon dWii;
fciai>^
V a 3s ropjislereil
fcl91>U S 33coupou
.felOlir
U S 3s rec; smrJl bonds. .fcl91i~
TT
U
U
S 3s cou small bonds.
S 43 re!nst«red
a 4s coupon „
V S 43 re?ist«red
£
TJ
102''8l04>4
103V) 104 '«
104VjOct '05
10:^=^, Apr'oy
1043i 10434
103 "2 104 14
lOll'^s
103
104
'8
107
103"
A190i
?a90<
li)3=fc
"lOaHj 110^4 10S»4Feb'0C
t
t
41-2.S
S ot .Mexico s
Gold 4s of 1904
I
g OS
.
92'.^
yiHz
Q-J
K6'4 111
><5
M-S 4:10414101^4 10479
100 100
94
95
95
1954 J-D
\I \>,eae are pr lees
ot 189'.'
98 14 129
98 114
93 »» jOii
92 321
9734
97^4
9734 Sale
97^4 Sale
92=8 Sale
%
104
Api '06
95
'f.
n
7b
103 7s
103 10;-;-.,
10314 lOf'f.
129^8 129'i
12934 I32I4
10834 109 S
131»4 Salt 129^8 Peb'Oij
1311,2 i3iaj 131^4
131-.I
^...19*-'.;;
5s extcn debt
104'.,
H);i
tSovemment
Repub ol Cuba
Hiiih
103410373
103
104''4
ctls mUpd.1925 F'-A j:
2d series 4 ^os ctis tuU paid. J-J X 91 1^ Sale
loan 4s ctfsfnll paid.. 1931 J-J X fcjo bale
loan
hoiv
Hiuli.
2
Alal>a.niaclass
A 4 to 5
Class iJ5s
Class C 4s
190t J-J
„iyU' J-J
190t; J-J
192i'
Currency tundinx 4s
1924
Diat of Columbia S-Gos
Louisiana new consol 4s..l9M
North Carolina consol 4s. 1910
J-J
f-A
So Carolina 4*23 20-40
UG
ii.
J-J
Tenn new settlement 38.. 19 IB J-J
Dec'05
Oct 'Ul
1051..;
5Iar'02
Mar'o-j
Dec '04
9434
2334
25
..
Mar'Ol
9Gk Mar'OG
95 ".J Dec '04
"96'4III".
J-J
ViMinia lund debt 2-3s... 1991 J-J
68 deterred Brown Bros ctls.
Small
Mai'oe
24
4
9GI4
4 34
-Miyj
95
'J
65
20
21)4
labaMidl
.iee
T& S Ke—G*u g 4s.l99:<
,VO
1995 A-O
1950 J -Li
cout
Adjustment g 4s
Begislered
48..
/ilyy.j iio\
hlii'Ji.
Nov
^1995
Stamped
Debentures 4s Series K. 1907 F-A
1908 f-A
Series F
lyoi- F-A
Series G
H
Series
Series 1
Series
1911)
FA
1911 F-A
1913 FA
K
East Okla Div l«t g 4s.. 1928 MS
AU Knox & N SeeXj&H
Atlantic Coast 1st g48.A1952
Cliarles <i; Sav let g 7s. .193b
Sav if <&
1st gold 6s.. 1934
IsCgold 5s
1934
Ala ilid 1st gu fiold 5s ..1928
BrnnscSi Wlstgug4s ..19;;.'01952
coU K 4b
L,&
SU 8p Oco jfc U gu g 4.'5 . . 19ib
Atlantic & Danv vS'c« Soulh Hy
SfeSouVaciti*
Austin <fc N
W
N
M-S
"^4
,
9914 Sale
W
&
&
&
&
&
NT&
&
&
N
Ci& ilaiilstgugSs
* 1297s
IWJ^
.\1-N
-11514
* 99 Hi
il4»BNov'05
J-J
yO'-iMaj'Oe
H-N
J-J
94^4
95
94^2
04 <^
96
A-O 10263 Sale
y-J
10114 103
92
M.-K
M-N
J-J
"97^4
98»4
90 12 91
F-A
A-O
J-J
9434
95
NoT'04
10238 IO3I8
101 "4 Apr '06
92 Apr'06
97 »a
98
IO6H2.
IOGI4
91
91
92 !« J'ne'05
lOSViJ'ly'OS
109 Apr '05
117
96
119VjMar'04
98 Mar'OG
<i-J
,\1-S
9434
99 Vs Apr '06
9938.
.
.
99
'6
H
1908
I & D Exten let 78
Lacrosse & D Ist 5s.. ..1-919
1910
Mineral Point Div 5s
13278l32'(.
1910
So Minn Div 1st 6s
1909
SonUiwestDlTlstGa
Wis & Minn Div g5s.... 1921
MU&NolstMLGs 1910
994 994
1913
934 954
lat consol Gs
,
1915
994 994 Chic& Northw cons 78
1886-1926
Extension 4s
1886-1926
Registered.
1987
.984 954
General gold 34s
Registered
.jj1987
ioi^ 105
Sinking land Ga... 1879-1929
101141034
1879-1929
Registered
9138 92
Sinking fund 5s.. .1879-1929
Registered
1879-1929
974 99^8
90^4 92^
1909
Debenture 5s
Registered
1909
Debenture 5s
1921
1921
Registered
Sinking fund deb 5s
1933
Registered
1933
98 100
Des Mo & Minn 1st 7a.. 1907
M-S
117\i.
jV-O
101
117
1943 J-J
F-A
Cen BrancliU Plstg48...1948 J-D
Con Branch Uy See Mo Pac
Cent or Ga KR Ist g 5s..piy4.0 V-k
1045 ,V1-N
1945 M-N
pl945 Oct
pl945 Oct
Istpreflncomeg 59
2d pret income g Ss
3d pre( uicorae g 58
pl94r) Oct
Chatt l>iv puvmoD g 4s.l9jl J-D
Mac & Xor Div Ist g 5s.l94G J-J
Mid Ua & Atl DiT os
194T J-J
Mobile niv Istg 58
1940 J-J
11641174
117»2 Apr'06
Mich Div IstgGs
.
103
,
12534
12s Vj
126
Apr '97
Dec '05
Feb '06
Incomes
1945 A
2002 J
2002 J
BkCitylstcon5s.1916.1941 J
101 Bg Sale
105 "a Sale
94
119
114i2Sale
110
9G'2
89
88
98^ Apr '06
98
Sale
Sale
94 V?
11134
Il2\i
112
984 994
lOli^ 10214
lOSVa IO512
10534 Jan 'Oo
95
10534 10534
Mai'06
120
101 102'4
IO5I4IO834
Mar'OG
94
95
120
121
11341144
IM"*
1144
113
98
88 4
113
5 113
98 U 74 0334
90 131 80 4
89 4 30 754
874
2(
Scongug 58.1941 WI N
i; 11 El 1st g 4-63.IU60 F A
Siampeil uuar 4-58
195U F A
Kings Co Ki Istg 4s
194!
A
Slaniptxl guar 4s
1949 F A
Nassau Elec gn g 48
1951 J
Bk(j<Jo>!i:;
Bklyn
Nov'05
1154 Aug'06
115
109
,J
I'.y* List* re(g448'51 J J
Starni'cd guar 4 4s
IH.'il J J
Den (Jon 'J'r Co Ist g 58.. .1935 A C
MetRy
Det United
J
J
.1
A
Rock
&
Isl
Pac
106
89
93
261106 109
280 914100
106 4 Apr'06
110
90
92
884
Feb'OG
Feb'OG
10G'8lO()4
884
102
102>4
i024Apr'oG
95
1024104
1134
IG 108
110
9^3^
SS
105
954
Friday; latest price this week.
UH3j
95
Mar'KO
90
92
88
102
no
95
91)4
8;i4
102
10>,%1024
J'ue'OO
96 4 Apr '06
944
lOU
aDuaJan
Registered
Refunding g 48
Coll trust Series
H 43
944
04 4 96 4
9.J4 953.1
Mar'li,--
dDueApr
e
<;•
I'liitcd
Rys St
li
l.st
g4.s
113 4 Feb '05
Km
9VI34
10134
9634
10034 102
'•J
964
963*
80 4
821;^
Feb'OG
80V 80 4 Apr'OG
804 804
804
1 10
Apr'OG
106%
784 82
4 Jan '05
100
1064 Sale 1064
aV
M-
"964;"II
M-
10641074
A-
108 78 110
96
104
133
.\1-
11834
WI-
9934 102
934 954.
10434 10579
1
6-.;
Mar'OG
Mui'OG
107
109
J-
10234-
106
112>4
947^ H634
10378 104 >a
104 4Mar'0
133 Apr'OG
1204 1194
107
109
9634 Mar'OG
130
132
1194
11734 120
11841184
1184Feb'0i;
119 4 118 4 Mar'OG
.\I-
00
1064107
106 4 J'nc'05
100 Api'05
11734 1187^
13473 135
114 115
1144 Apr 'Os:
1324137
11341144
106
JJJJJyJJJ-
137
10734 Mar'OG
1073fil08l8
1074
Mar'OG
10841084
108 4 Mar'OG
108
108
1094J'ne'04
95
95
1154 Oct '05
116 Aiir'OG
W>8
JJJJJJ-
934 97
11 14
JJ-
101
108
10014
11178
107 4 108 »*
113 4 115
109
JJ-
1084
1134
J-
108
102
.
99
114
A-
A
10834 lOJ 4
AAM-
i044
1133i»
10G34 IUG34;
112341151*
10834 lO-?*!
115 Feb'OG
125 Apr'Ot
103 Apr'OG
102 Mar'OG
99 Apr '06
103 Nov'OS
114 4 Nov'05
114 4 Feb'OG
1084 108 4
115
126
115
124
102 41054
1014 102
99 1004
11441144
108
1084 Nov'05
llU44Mar'06
1044 104 Mar'04
1054.
1124 Mai '06
103'4 Jan'04
1163* Mar'OG
117 Feb'OG
JI-
4 1824
1064 108 4
10634 Feb'OG
984 99
y-
4 Apr '06
11234 Apr '(!(:
10834 Mar'OG
1024
il-
182
112
lOO'^ Apr'Oo
.....
122^8
y^
FV-
109
11138 11238
Mar'OG
112
11841
116
1824Apr'0G
JJJ-
liyia
107
93
96
112
114
1U8
1084 HiS4
114 1143.) llo-'4 1143,
108 4
109 Mar'OG
1374J'ly'99
l-G-'i
llO'a
111', Mar'OG
103 '8
106 Ang'U4
41084
1044 10479
.
A
A-
M
MF-
1084
il'^4
il24
IIGJ 117
117 117
98*4
MMM.
1054Dec'0.
Dec'05
1104 Mar'O.
1264Apr'('0
1174 Apr'OG
Iii2i8
104
1054
F-
120
116
M-
I26I4
J-
12G4
"Vl-
F-
1284 Feb 'Ot
98'4
W.-
Iu84
119
119
12068
119 ...
119 Mar'OG
119 1104
02 •'b Sale 10238 102 4
10141034
102'4
102 Feb'Ou
102 102
93-4 94 14 94
04 4 103 94
97
944
97 J'ly'04
9334
9734 Dec'05
92 4
96 Nov'U5
9134
93 May'Ol
91I4
94 4 Dec '05
91'^
90 May'04
8038 Sale
80',
8038
78^4 811a
79 Dec 0.
90 4 Salt
904
9
884 93
.
iVl.Vi.vi-
M-
M
m
•
J
AA-
AJ
128 41284
105f'8oep'0i
109 Sop '03
1 2038 Feb '06
1
M-
M
12G41264
1174118
142 4lcb'0'.
^
lull's
101^"'elu2'11G3<
119
1144
1104
111
125
10638
,
1004 10134
1194 1194
loii^i
Feb'OG
1204Mar'(i
si
Nov'O
106=6 Jan '06
10641104
115
108
110 4 Sale
87 Suit
1104
10G'>8 106<>a
Apr '05
Apr'OG
J'ly
F-A
A-O
J-D
M-S
.v-s
J-J
J-J
F-A
FA
..
108
115
115
:'3
US
4 Sale
lil^^
io4
I-J
86
873j
115
93
115
03
Oct
Oct
92
1134U6\
11941i;»4*
116
9234
^4
1164
95'»
1184119
'05
'91.
10T4Feb'06
Ai7'Til07>ai
ioi
115
J-J
J-D
A-O
A-O
1104117
1104
1184Mar'00
94
106
J-J
-MN
86
UGI4 1 13 4 Apr 'Oi;
1164 119 4 Jan '06
974 Sale
101
Sale
76
B838 90
'-3
il4 4NoV'"06
974
y64
98
IO634 J'ly 'O.f)
8534
71
88 4 Mar'OG
99 IK'C'9,
N
/cDueAug oDueOot i> Duo Not
10:;.!
con g 5m 193G
Duo May (fDueJ'no /iDuo
28 10534 109
105 10&
112 112
l'a,<rc.
Street U.ailway
Met St Uy gen col tr g 53..1997
Rel g4s
.2002
Bway€S!7thAvlstcg68 1943
Colds9thAvl3tgn g 6m..1993
DcxAv&PFlstgugSs 1993
'i'hlrd Ave RR con gu 4.s 2000
Third Ave Ry Ist gos.. 1937
M ct WJS El (Clue) 1st g 4s..1938
M 11 El Ry & L 30-yr g 53..1926
Minn St liy let con g 5s. .1919
8t Jo RyEt II<&Plstgf>8 1937
~^t Paul City Cab con
6s 103^
L'ndcrprornid Eloc Ryoo; Lon
dou I'rolit sharing 6s.. .'.908
Union El (Chic) Ist g os.. 1045
Inilcd RRs San Fraf 4s 1 927
W Chic St 4 0-vr
10134
96»4
100'4
•
on Next
106
Apr'OG
Feb'OG
1074
.ul-
^1-
&G
10534
105
112
80
Wi-
CRIF&NWl8tgu5s.l921
M & St L lat gu g 78.. 1927
1164 Dec'05
AA-
1912
1915
N 4s
1916
„
O 48
1917
P48
1918
Chic R I <fc Pac RR 48.. 2002
Registere<l
2002
Coll trust gold 5s
1913
Bur Uoil K <te No 1st 5s.l90G
Con 1st & col trg 5s... 1934
Registered
1934
Choc Ok
Apr'^JC
JJJ-
..1910
M4S
106 1064;
lOOSgllOi*
118 II913
1104Mar'0'.:
118
10934
1988 J1988 J1934 A-
J 48
1024
10041024,
102
1064Feb'Oe
4
101 6s
96 -'4 Sale
6s.. .1917 J1917 J-
General gold 43
BON OS— l^iitinued
J
J
1st con g 44«.lli3'.
J
Havana Elcc consol g 58.195L' F
I/onia Hy Co Ist con !r58..19:;i J
Noprio*
106
97
103 4104
104
Apr'OG
10341004 1084 109
I'"
Conn
Clilc
101
80 4May'05
io634 102
101 Apr'OG
941* 94 4 Apr'OG
96 4 Feb '05
10434 Mar'OG
105
gen g 59 .ol919 J
Consol gold 6.S
1952 MKeok & iJtsMlstos
1923 AOluc St L <% N O See lU Cent
1154 Dec'05
973^ yalc
J
113
99
93
91
9334 J'ly'06
106
J
J
128 4
127
Registered
98 14
1924
1907
1911
Convertible deb Sa
rtlilSCl<;i.,I..ANEOIJS
Street UaiUvay
Brooklyn Rap'Pr g6s
Ist rotund conv g 43
RogiMtercd 48
gG8..191ii
Co 1st gu g 6a.. 1911
58. ...1910
Ott C F
St Paitl 1st 5s 1909
Winona <fc St Pet 2d 7s.. 1907;
Mil L S <Ss West 1st g Gs 1021
Ext <fc liHU altind g 58 1929
Aslilaiirt Div 1st g 68. .1926
&
Kegisicred
1913
Carb & Sliawn Sec ill Cent
CarolUia Cent SeeSeab Air L
Cartilage & Ad See JNf Y C & H
Ced li la F <fe N See B C It A; N
DenTniniCo con
1024
99
North ilUnois 1st
N
Kegistered
21
1327s Jan '00
I12'*8Jaii'04
Consol Ist g Gs
ll»2>; J-D
Buffalo «& Southwest .See K no
Bull
Snsq Ist ret g 48.caU5i J-J
Bur C K cfa
See C 14 I dc P
1908 J-J
Clauada South 1st 5s
''M 58
1913 ii\- S
Ct>n8oL gold 5a
90St
A-O
A-O
Bocli<fe Pitts IsC g Gs...l'.'21
&
99^4
14'j
W
&M
cur 68
Mar'OG
1114
J1907 J-
,
J-J
T>alt& Oliiopriorlg3^.192u J-J
Bej^lslered
A1920 y-J
/il94b
A194}S
P Jun
l>iv let g 8 »2Sl926
P L. E cS;
Va Sys r«f 4al941
Soutliw lJivlstg3>2S...192r)
UegistxreA
^...?il925
Monon liiv Ist gu g 5s. .191',)
Con Oliio K Ist cs4^s..l9:i(
Pitts Clev
Tol 1st g Gb 1U22
Pitts <fc West Istg 48.. .1917
B«l Creek
a aee iMicli Cent
Beech Creek See
Y C <fe
Bellev
Car See Illinois Cent
Bklyn
Montauk See Long 1
Bruns
West See Atl Coast L
BnUalo
Erie See Erie
BuBalo R
P gen g 6s. ..1937
All
West 1st g 4s gu..l99fc
i
102
132
4 131 13
Il:i3yn3
12s
127
113
101
lul
106
rel g 3s. ..194',) AJ-
1034
1937
1937
Reaastered
CliicA IndC Ry 1st 5s.l93G
Chicago & Erie See Erie
22 94
97
94
96
99
Ohio In &l»uisvr6f6s. ..1947
lOl^s Sale lom 10134 131 101181044
1947
Itelunding gold OS
100
101»8 Mar'ou
101410538
LouisvN A &Ch 1st 63.1910
101i34 Sale 10238
lOS'e 727 102 10534 ChioiiU&StPtermgSa 1914
10134
I0212 311 101341024
General g 48 series A..«1989
95I4 12 94 Is 9738
95>4
95 "4 Sale
Registered
el9S9
95 Sep '06
Generalg 34seerios B.el989
9oi8
95 14
95 H, Sale
97
94
1921
Chic <& L Su DiY g 58
98
99=8 Mny'05
ChiOiS; MoRiT Div 5s. -.1926
"9834 9834
9734
&8\ Apr'Ou
1910
Chic & Pac Div 6s
100 V> Jan '06
91^
10041004
1921
Chic <fePW Istg 58
99 tj Jan '05
97
191G
Dak&GtSog58
9812 JS(ov'04
9G38
1924
Far &: Sou assu g 6s
9439
97 Oct '04
1910
Hast<£i DDivl8t73
99 12 Feb'OG
97 "4
9841014
IstSs
1910
JJ
Qoia,48
Begisiered
KR
latconaolg 6e
General consol 1st 5s
R&
JJegistercd
Conv ^ 4s
"Warrants for SO-yr
Alt
1949
Div 348
194ci
Rcgistered
1949
Gold 4s
lowa^DivsiTLk fund 6s.. 1919
1919
Sinlaiig£und4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Soulhwestern DiT 4s
Joint bonds See Great North
1913
Debenture 5s
Hail<&StJ08<»onaol6a..l911
l8t s
See So Ey
At Coast Liinc-
Albanj- <fc iSusq dee Del <Si; lluu
AHeglieny Valley 6'eePeunKH
V
Alleg & West See Bull
A199f) Q-J
Ann Arbor Istg 4a
Alch
&
113
IIGI4
10534 i?alc
:.".-
Chic
128
1074
118
MU/h No Low Might
4 123 4
127 4Apr'0G
129
103
Chic<feEIUr6£&iinpg4sl955
liailroat!
Alabama Cent
Le & Hud K i^en gn g 58 1920
Leh & Wilks 15 Coal 5s. .1912
fflOlo
Con ext guar 44s
N Y & Long Br gen g 4s 1941
lllinois
UG^j J'ly'Ol
120
5s.. 1921
190Ij JRcflstereil
CliicBurl&Q— UenvD4sl922 F-
10234 (Jet '05
128>a
Imp gn
Railway 1st hen 348.. .1950
11934 Oct '04
J-J
191!' A-O
193;; J-J
Gs
102
IO9I4
102 "2
111
/il987
Kegi8tero<l
Ma,nge
Since
January 1
IOS34 Anc'U5
107
128
125
112
107
102
100
102
-
0/ $5 to
Ask Aow
Bid
>-
tlie b axif.
April 20
Cen RE & B of Ga col g 5s 1 937
Oentof N J gon'lgold 5s. 1987
Am Dock &
Week's
Range or
Last Sale
i'rice
STOCK EXCHANGE
Wkkk Ending Apkil 20
Cent Paciiic <b'ee So Pacilic Co
Chas & Sar See Atl Coast Lmidies & Ohio g Gs ser A../1I90,':
0I911
GoldGs
193;'
1st consol g 5s
1939
9634 1 01 Sp
Registered
97 4 101 14
1992 A?.
General gold 448
1992 V.9<J4 951H
Registered
1940 J89^8 934
Craig Valley Istg 5s
8434 88
R & A Div Ist con g 4s.. 1981* J
10334 108
1989 J2d consol g4s
99 "" 101
Warm Spr Val Ist g 53. .1941
9238 954
Greenbrier liy Istgu g 48 '40 :.I-
State Securities
10054
i'a«k-*
N. Y.
1
Apr '00
104
104
Japanese Govt 6s sterrg.1911 A-O
1911 A-O
2d scries Gs
£
Low
Since
Apr'Ot;
J'ue'Oi
1031.1
19-PliUjppino islands 4s. 19 14-34
Foi'ciOTi
Asic
Jianr;e
Januwry
103^4 10414 lOS^qApr'Ot
103-',
103=e 104^ 103 »8
8 43 coupon
TJ
Week's
Ranije or
Last Sale
Price
STOCK EXCHANOE
Week Endixo ArKiL 20
U. Y.
i-{!uit
84
98"^.
71
88
90
.M
s Option
Sato
'
HON OS
STOCK EXCHANGE
K. T.
WttitK
rrict
t'ons 08 roiliiced to 3^,8.
lt';!l
ChSlPifc Minn IstgCs
191'^
Hill
Couuou olt
\VeatIndfceng689i932
& Midi titt Pero .Mart)
CliocOAUuU Ke«CIlI<fcP
W
& D 2(1 KOtd 4^23.. .19H7
& I Ist KU K 58.. .194)
Clli ii
Oil! 1>
C
MN
l-.'0'8l21
1
HUii\
12l)m24:<K
IL'O'alOil'.j
100'.,
O.S
99'-ilOO', V19W,
991.J
113»4 -..
liaHjilaT'Ob
113iall43a
113
112
ua
^
Opt '00
Mar'03
112
112
91
J.J
J.
Mar'06
91
91
CloarHehl
<fe
.Mali
See
BR
<fe
IO2I4
IOOI4
100^8
100^4
10534
W
WIW
St
C
C
J^ <&
COU80I 6s..l92('
1st gold 4s
Recrlstered
Cm S & CI
....tel93(;
103'4
J-J
J-J
IOII4
M-N
M-N
M-S
19."^4
W
W
19y(
1st k 5s.19o:!
k>ec
lOlS
100 '4
101 -6
103
Oct '04
99^ Feb'05
96
97
J-J
lO?-^
M-N
10234 Apr'06
Feb'Ot-
103
11 2 5),
122
2^4 i'ii'
121»8
J-J
Apr '06
JaB
134
1 1
Feb '06
'00
IP^^ollS
122 122
135
134
96».
96 ^la
97>2
97
74
74
Apr
A-O lllVt.
115 ^a Mar'06
118
96Vj101
7334 80
116HiJan'05
Penn liU
.Maliou Val u, us. ..193!:: J-J
<fe Pitta
6ee Ponn Co
ColilidhiiKllst !?4s
1947 J-J
Colovacioifc Sou 1st k4s...192'J F-A
Greenv Hee So liy
Colum
7334
7@MSale
76
94
94 >« Sale
11513 11512
7612
74'4
T9i«
94 \«
90
9Q\
&
Col <fc Hock Val See Hock Vai
Col <fe Tol See, Hock Val
Col Conn & Term See ]Sr <fe
Conn & Pas Rivs 1st g 4S.1943 A-0
Gt So
Dak <fe <fc WacoSee C M & St P
alias
See M K <fe T
Del Lack & Western 7s.. .1907 M-S
W
10478 Apr'06
I2418I251 'Mi% 123I0
1^123
.27
126
Jau '06
10478
Morrisifc Kssex 1st 7s.. .1914 M-Jf
Istconsol ^ar78
Registered
1st ref gti g 3 i^s
N T Lack & W
1915 J-D
1915 J-D
2O()0
127
J-D
124^.
1st 6s... 1921 J-J
Constrnction Ss
De» it & Mum
DeeMoi Un By
102
.
101%.
12818.
13713
^
&M
Gold 48
1995 J-D
Det Sou Istg 4s..... ^...1951 J-D
Ohio Sou Div 1st g ^...1941 M-S
Dnl & Iron Range 1st 58.. 1937 A-O
Registered
1937 A-O
2d 68
1916 J-J
„
Dul Short Line 1st ffu 58.-1916 il-S
Dili So Shore & AXL g 5s.. 1937 J-J
126 ig Mar'06
112 laai'Q6.
Wo Oct*05
104'^4 Jan'06
102 Feb'W
J33 Feb'OG
149 Aug'Ol
10258 Jan '06
lOO^i lOOiu 1003,
1 08
Mar'06
1076s 108
105
96>^4Sal6
*88Hi
m^
Kast Ist g os.l941 M.N
12618 13«"4H
112 li:4«*
..A-v
l'04i4 1«4'^|
108 Apr '06
96 14
97 >2
89 19 Apr '06
97 Jan '02
W
W
133
'lal
Har
cfe
S
A
>al H <fe H of 1882 1st 58.1913 A-0
Geortia & Ala See Sea A Line
See Sea A Line
Georgia Pacitlc See So Ity
QUa V G & Nor See So Pac Co
Gout & Oawegat See N Y Cent
Grand Rap& Ind see Penn RR
Gray's Pt Term See St L S
Q^i Nor—CB<feQcolltr48 1921 J
Registered. A.
1921 QGreenbrier Ry See Ches & O
W
l8tref<fet
Retrlstered
Col&
Col
Tol 1st ox 4s
1955
W
Honst E &
Tex See So Pac
Houst & Tex Cen See So Pac {;o
Registered
Ist gold 312a
Registered
Ext^^nded Ist g Si^s
1st gold Ss sterling
CoU Trust gold 48
Registered
L N O & Tex
G L Co Istg 5s.. .1947
Bklyn U Gas 1st con g 68.1945
Buffalo Gas 1st g 5s
1947
Consol Gas coov deb 63
1909
Consiuri Gas Se-e P G ifc C Co
99 >4 Feb '06
96^4 Mar'06
97
81^4 Mar'05
89^8 88
88
112
113 Apr'06
.mis 112i2Feb'06
991a 101 7,
9838 1011a
102
103
102 la
90
110 Dec'05
113i2Mar'0O
100 Feb '06
94 Mar'03
100 12 Jan '00
70 Oct '04
100
104'2
Oct
104>2l07<«
'01
ioii^ ibs'ia
911a 9434-
123 May'99
78'aApr'OC
8212
91
81
78'a 731a
8212 821a
82 la Feb '06
92
101
92'Hi
Is
100
lOO'alOOia
KJ538 10.0% 10535
106'2J'ly'O6
1061a Mar'08
91 la Apr '06
10514
7713.
*
107 14 110
lOO'slOli*
100 100
Dec'05
Oct '99
Nov'OO
10734 Jan '06
100
10334
12134
107^4 107^4
Deo '05
122
90
99
Nor'98
I2II2 123»4 1231.1 Mar'06
II9I4.
1193^ Mar'04
87I2.
123 14 123 la
93S8M.iiy'04
ioi'is!
97
1 id'i^ Jan''05
103
.
Nov'04
1
106
106
100
l935
1960
1909
1921
Iowa Central Ist gold 5s. .1938
Gold 4s
1951
Jetterson
BB
lOS'g Jan'06
10713 Dec'02
lOS's lOST^
Apr'06
II8I4 Mar'06
99 100
118'4l20
93 IO2I4
100
11818 120
991a
2d gold 5s
3d gold 48
76
112
80'e
Sale
be
99
112
86
99
Dec'05
112
Mar'06
73
63
Oct 'OU
78
112
86
115
86
See Erie
KalAdfcGB SeeLS&MS
an&Mich SeeTol&OG
K C Ft S & M See St L S F
KC&MR&B SceStL&SF
Kan O & Paciho See M K T
Kan City Sou
9914
95
113^2.
113»2Apr'06
US'* Mar'06
117
7*
Ist gold 38. .1950
1950
Kentucky Cent See L & N
9634. Keok & Des Mo See C R I&P
KnoxvUle <fe Ohio See So By
9334 Lake Erie <fe
Ist g 6a. . 1937
88
113 114
1121211213
2d gold 6s
W
106
11134
103>4
130
*12S
101
92
130 lu 13018
133
Sale
lOOi*
lOO'*
SaJe
92
88
92I4
92^4 Sale
101
123
ISO's
Feb '06
10114
IOOI4
93
Nov'04
9284
105
105
106
126^8 127 Nov'05
104=8 Feb '06
122
122
121-Hj
10I»8.
10234 Dec 05
*129 .
136 la Feb '06
•115:^.
118 J^ly '04
112 .
115aeDec'05
12113 Oct '05
llSHi 1161a IISI3
101 106 103 Feb '06
106 Sale W6
108
118 I2OI2 11834 Deo '06
.
112
116
113
10914 Jan '06
113 Apr'06
118
Jan
'08
Ga8g68
1923 J.J
Det Gas Co con Ist g 63. ..1918 F-A
KdEllUiJkn SeeKCoEL<feP
112 Apr'06
75
75
Sale 14113 1453,
.10213
10313
•
103
106
EdEIllSeeNYG&ELH&P
EqG LN Ylstcou g 68. .1932
loa.
Sep '05
Begistered
75^
117
110
'06
noi.
112 Is Nov'05
109131101*
100^4 Dec '06
11334 Apr '06
9613
114
9614
EIC&N
Ist pf6s
1914
Gold guar 5s
1914
& Hud B See Cent of N J
130 134'i2 TLehcfc WLLkesb See Cent of J
133 133
Leroy & Caney Val See Mo P
99I4IO2
Long Dock See Erie
IOOI4 10014 Long Isl'd— let cong5s.A.1931 Q-J
91 14 9312
Istconsol gold 4s
ftl931 Q-J
General gold 4s
1938 J-D
91
Ferry goid4>28
1922 M-S
98
Gold 48
1982 J-D
1041a 10976
TJuilied gold 48
1949 M
10468 104^8
Debenture gold 58
1934 J-D
119 12234
1949 M-S
Guar ref gold 4s
Bklyii<S; Mont lat g68..1911 M-S
13618 135 li
1911 M-S
l8t6s.
1091a...
102'a
118341201a
1091-2 Oct '99
1123g -Apr'06
9818 Dec'05
112
iiSH:
HS'allS^
llS-'gJaB'Oe
IO6I4 Jan '06
n.05i4l05i«
N
114!^ 114», II413 Apr'06
lOl"*
102
MarOe
1001a
lOlis
9613
102
Nov'06
98
100 14
99I4 Oct '06
1940 J-J
1940 J-J
1931 M-N
6-20-yr col tr deed g 48.192S A-O
E <& Nash 1st g 63.. ..1919 J-D
H
BON DS-Continned
1
J'ne'04
1001* lOe^s .36
lOlialOt-i*
98 101»*;
9934
10614
105"
112 Mar'02
111 Jan '06
lI2i8J'iy-03
105 Jan '06
118
119
il4"il6
9734 Sftlb
111
116
120 121 Hi
102 "a 104k.
115
12
114 14 J'ne'06
Q-F 107
AO
M-N "94
106
11818120k
IO312
101'8J'ne'04
115 Mar,06
97 i^
98
111
105
121ieFeb'06
103 !« Sale 103>4
102%
iSeo'Dd
10713 10713 1074
1051a May-OS
" 9413 Apr'06
108 107 13 107 Is
87=8 S734
88
llS^ii
97'^10O>t
on Next Fa«re.
Electric Li^bt
Lao Gas Lof 8t L lat g da.el919
Bef and ext Ist g 68
1934
110 liaia
1 75
8O34 Milwaukee Gas L 1st 48.. 1927
392 141 "3 16834
5s.. .1948
Purchase money g 4s. ..1949
Ed El III l8t oonv g 5s. .1910
loa 10334
Istconsol gold 6s
1995
NY&QEl L& P 1st con g 5sl930
Y & Rich Gas 1st g 5s.l921
Pat & Pas G & B con g 5s. 1949
Peo Gas & C 1st con g 68.1943
86I4 90
Refunding gold 5s
1 947
ChG-L<feCkelstgug5s 1937
Con G Coof Ch Istgu g5s.'36
Mu Fuel Gas 1st gu g 5s. 1947
98
98
Syracuse Lighting 1st g os.'ol
Trenton G & El 1st g 5s. .1949
121 122
93 12 93 V Westchester Light'g g 5s. 1950
n.nil
NYGELH&Pg
N
c
98
98
9934 110
A-O 111
M-S 109
Nor ShB 1st con ggu58 01932 Q-J
116 lane's Iieaisiana<& Ark lat g 6s.l927 M-S lOlialOS
103 103
Louisv <fe Nashv gen g 6s. 1930 J -D 11713
Gold 58
....1937 M-N Il»a8
106 110
Unified gold 4»
Begistered
CoU trust gold 6a
114k 117.
100
N YB&M Blstcong6sl93b
1927
N Y<fe BB Ist g OS
108ia.l09i4
lll='4ll3
•118
118
iief^iM
ll»l8.113%
117 117
11014
110
Jan
.JL946
Leh
M-S
112 Nov'03
61 13 Oct '01
ea«& Elec Berg Co eg 6s. 1949 J-D
Gen Electric delj g 3ias..l942 F-A
$3 89
90 Mar'(H)
Gr Bap G L Co Ist g 5s.. .1915 F-A
10734 Dec'OO
Hudson Co Gas Ist g 5s.. 1949 M-N 108 la.
10912 Feb '05
Kan City (Mo) Gas Istg 5s 1922 A-0 90
98 Feb '06
Kings Co El L <t P g 5s... 1937 A-O
Purchase money 6s
1997 A-O 110 120 121 Peb'OU
Ed El II Bkii Ist con g 4s 1 939 J-J
OS'aMar'OO
Wo price Friday; latest bid and asked this week. » DueJaa 6 Due Feb d Duo Apr
.
73
]
nil*.
II312
Gas
J-D
M-N 11118 112
A.O 76
77
7ai4
1153».
1153.
11534
11339 11 »i2 Mar'06
1941
North Ohio 1st gug 5a.. 1945
L 8ho <fe Mich S See N Y Cent
Leh Val N Y l8t gu g 4 las. 1940
Begistered
1940
Lehigh Val (Pa) cons g48. 2003
Leh V Ter By 1st gu g5s-194i
Begistered
11634 1193»
1941
113
Sale
9914
103 i-j
142 »a
'
"a
102
Int& GreatNorlstg6s..l910
'04
98
J-J
I>«troitGity
115
91
<fe
Sep
Light
Atlanta
"a
1951
Registtsred
10a«8,l.e2*6H IstguargoldSs
ltJ2'8l«2i8| iBdlUcfe la Istg 48
IMISCEL.L.ANBOI1S
anil Electric
100»« 53S
09'. 105
Feb'Ofi
104'* 10412
Mem^h Div lat g4s... 1951
L Sou 1st gn g43-...l'B31
Ind B & West See C C C & St L
iBd Dec
W 1st g 5s 1^5
Registered
110
MldRRo£NJl8tg6s.l910 A-0 105 4
Gas
101
9714
\mi
114 II412
10814 10814
1151*11514
WiUt«fc Ifial8tgug5s.l94 J-D
g6B.. 1)^.^6 J-J
104
lOo
100
gold 48 ...1953
Registered
1953
Cairo Bridge gold 48
1950
IiOuisvDivi&Tenn g3i23.1953
Middle DivregSs
1921
Omaha Div 1st g 38
1951
St Louis Div&term g3s.I951
•Registered
1961
Gold 3128
1951
Registered
1951
Sprint Div Ist g 3i2S...1951
Wsstern Lines l8t.g 4s. .1951
Bellev&Car 1st 6s
192S
Carb <fc Shaw 1st g 4s. ..1932
Chic St L <fe>N O g 58...1951
Registered
I'JSl
Gold3^«
99
logia
1951
1951
1951
1951
1951
1952
1952
114»aFeb'0U
108^4 Mar'06
II514 Jau'06
103 Feb'05
ETi&Ind Istoon gu
112
89
10812 1031, 109 Apr'Of
105 12 J 'ly '04
100
lOli, FeU'Oi:;
105
100 Apr'06
H Vlelext g4s..l94b
&
9912
10219104
19;i',>
107i2J'an'06
W
Dec '05
99
Hock Val letconsoi g4i2B.l'J99
Ill's
K
101
114i«
11
107 "8
W
103
991a bale
g5s M952 J-J
St Jo See
Han &tonic SeeN C B & Q
ousa
YNH
iW-K
Y&
....
^
1919 M-S
1923 M-S
1920 A-O
1928 J-D
1920 M-S
iBt consol gold 78
1920 M-S
1st consol g fund 78
Erie 1st con g 48 prior. .1990 J-J
Registered
1990 J-J
let contol gen lien g 48.. 1996 J-J
Registered
1990 J-J
Penn coll tr g 4s
1951 F-A
60-year conv 4a A
1953 A-0
Erie 1st 78..1916 J-D
ButtN
gold 68
Btifl'.fc S
1908 J-J
Chic<fc Erie Ist gold 58.. 1982 M-N
Jeff BR Istgu g58....al909 A-0
Iiong Dock consol g 6s. .1935 A-O
Coalife BR Istcurg-u 68.1922 W-N
Dock<fe Imp Ist cnrOs.. 1913 J-J
Y <fe Green L gu g 5s. 1946 1W-N
K Y Sua & 1st ret 5a. 1937 J-J
2d gold 41118
1937 F-A
General gold 5s
1940 F-A
Tenniual 1st gold 53. ..1943 IW-N
Regis §5,000 each... 1943 M-N
2d ext gold 6s
Sd ext gold 4^28
4th ext gold 58
6th ext gold 48
Mar'OC
Ga Car & Nor
Leh V Coal Co 1st gu g 58.1933
IO712IO712 Leh <fc'N Y Ist guar g48..1945
Elm Con & No SeeLeh&JSrY
Ene 1st ext gold 48
1947
105
114
89
86
SeeSoPacCo
cfe
99 101
106 12 108
107 109
96'* 100
88
92
106 '4 io«^
Mar'9S
90
11414 Sale
. .
St
183
lOW>./10Uia
<fe
East Minn SeeStPM&M
ast Ten Va & Ga See So Ry
•&
126% 127
i42H!Mar'05
of
Elgin Jol
104^8 10778
12312 12018
J'ue'05
102-^ Jan '06
ANW
See Oh
Ist g5s..l917 M-N
& Tol See L S
Det
So
Det<& Mack 1st lien g 4s.l995 J-D
M
11134.
1923 B".A
1923 Wl-N
Term & improve 48
Syr Bing <fe N Y 1st 78..190t5 A-O
Warren ist ret gug 3 '28.2000 F-A
©el & Hud 1st Pa Div 78.1917 M-S
Registered
1917 M-S
Albd^ Su3 1st con gu 7s. 190(3 A-0
Guar gold 6s
1900 A-0
Rens<fe Saratoga 1st 7s. 1921 M-N
Del Riv RK Bridge See Pa UK
Denv & li Gr 1st con g48.193(.; J-J
Consol gold 4^28
1936 J-J
Improvement gold 5s...l92S J-D
lfi39 J-J
Bio Gr West 1st g 4s
Mge and col trust 48A.1949 A-O
UtaliCenllstgag4s ol917 A-O
Bio Gr So gu See Rio Gr So
DesMoi&fftD SeeM.<feStL
.
Low MlgK
HtQh
Oct '06
122
10912 109 12
im\
IIII4-..
114 Apr'Oo
10614 Fcb'Oe
iUiiiois Central 1st g48.. 1951
104i3Nov'01
99 >4.
124
lianit*
hittee
Janvartf X
IOC
FlaCfcPenln See Sea Air Line
FortSt U DCol8tg4i28.1941 J J
Ft
Alien C lat gCa.... 1921 J D
b^
& Rio Gr lat g 48. 1928 J J
l«i
10212 103 J^i
103 103
Ask Lots
But
=3.
M
Guli&SI
94'i2Aug'03
105 Jan '04
.
103
Q-F
5s. .19'iS J-J
Kepisterott
&
101"4
100
Ind Bl &
lsti)ret 4s. 1940 A-0
Istpi 5a....ii9:J.- Q-J
O Ind &
Peo & lOa-st Ist con 4s...] 94U A-0
Clev
Clev
lOO'^Keb'OO
100 Vi Apr '06
102
I cousol 73
1914 J-D
Coiisolsiulcfund7s
1914 J-D
Gene; al coiisol gold (5s. 19:54 J-J
Income 49
CI Lor & Wli con
Clev <fc -Marietta
104 Vj Apr'06
99%
J -I)
fclSHO Q-1-
con lat %
CCOA
1'
P
Clev Cin C <fe St L, Ren g 4s 1993
Cairo Div let jrolii 48
1989
Cln
& .M l)iv 1st g 43.1991
8t L UlT lat eol tr g 43..1990
Registered
1990
8pr «Si Col Di V 1st 1? 48. . 1940
Val Div l8tK4«...194()
<fr Pitta
Hee Penn Co
<fe T H l»t ecus Ob. 1921 J-J
lat general gold 58
1942 A-O
Mt Veruou Ist gold 6.s.. 1923 A-O
Snll Co Branch 1st g 63.1930 A-O
<fc St 1'
I^^argo do So See Ch
- liut& PoreM
See Pcre -Mar
Brans
Z'
Flmltfc
Cln <fc
c 1 St L. <fc c &«« o c & at 1.
Cln S & C Sfe O C O St 1.
trill ay
April SO
Erie
136
133
Week's
J^'aiKjt or
Last Sale
Priee
STOCK a.iCCHAXGE
Week EraiiNo Arnii. 20
N. T.
Htnce-
January
133 Apr 'OH
93 Dec '03
135 U Keb'oi
129^ Mar'04
120 '« Apr'06
lOO'^Apr'OiJ
133
130
Q-ii
M-N
PtAV l8tSu48?."2H M-N
W Ist gu t? 4s.l95;i J.J
Low
As)i
i»a
j.r>
j.t>
Isor WisooDRbi 1st i)8...19:<ii J.J
St P ifc S City l8t g 6s...l«ll A-O
Clucas'o Ter Tnui8 g4a...l94V J-J
Chic
JiiMffS or
Last Sale
[Vol. T.TTTii.
2
KONDK
Ha/nge
Friday
April 20
4^
Enbino Apun. 20
Clue bt Li db Pitts net reun C
Chto St P M <fe U con 68...1U31I
ChiCife
—Continued—Page
Bond Kecord
914
Due May /iDueJ'ly
A;
J-D
F-A
M-S ibik
MS
A-O
M-S
J-J
-102
941a
10934
S7I2 92
10178 1041a
11 5 Va 118
101 '8 10413
107
IO4I3 Jail '06
103 Nov'05
1043* Nov'05
101 "a
120
120 l2i- 120
103
10313 103V
107 12 Hos'ii
Jan '06
I2JIO7
108 Feb'Oe
103 "a Deo '06
J-D
M-N
J-D
M-S
J-D 106
lOSk
93
102 13 Apr'06
118 Apr'06
J-J
F-A
M-N
107
120
123
1031a 107'g
107 107
108
108
106
10884
1^6"
110
il ay'05
10613
Due Aug oDi^eOct
lOQiii
« Due
Deo
5
* Option Sale
915
Bond Record—Continued— Page 3
Apr. 21 1906
;1
BOtiUS
i'C
jr.
tioulsv
Oln &
NO&M 2<iRold 6a
IstsoW Os....li):«
NO<fc M
JL,
litol
Last Sale
ma
iiaBhv—(COTUinxuf<tj
Lex gold 412S... 1933
<fe
^Rcmge or
April do
Y. STOCK EXCHANGK
Wbbk BNDise apkel 20
Prxot
frirtaM
Weel<f*
Ask Lotp
no's
109
120
72
. .
--'•
122
1X4
.,
1^1.
Hk
A;Br'Ou
'2 ifar'OO
Oct '05
70
119
>a
'^
Ill's Sep '06
Hecdor Bcl,g6l8talft63.19ai M-S 106 '4 1001^ 10014 Jan '06
iyo\
99
Kentuck}' CJent froW 4s. 1!'S7 JMar'06
L <fc X ife M & M 1 s t g 4 'tis 1 4 5 M-S 108 lOS lOSij Apr'06
06
96
L<fc N-SQUtii M joint 48.1952 J.J
N ifla & S 1st 9-u g 5s.. .1937 F-A 114 119 11434 Mar'v6
11213 Mar
Pena <& Atl lat fpi g 6s..iy'2a F-A
H514 .Mar' 03
S & :s Ala coa 8"u g 5a. .1936 F-A
107 Dee '05
1910 A-O
Sink iauil gold 6s
97 12
97 >a.
97>a
L cfc Jell Bdge Co ea g43..1946 SW-S
L 1* A <fe CU 5«« O I <fc L
Olson Coal ;iS>(r L S & M S
1011.1
anUattan Ky consoU3.1990 A-O 101 IOII2 101
104 Apr '05
1990 A-O
Roclstered
.
'J
M
1908
Metrorioi Kl 1st g t>s
Y Ceut
IIcK'pt<fc B
-Se«
Metropolitan El Hee Man Ky
MexCent consolgoi(148..1911
1st consol income {T 38. 01939
2fl consol income K 3s.. al939
1919
K(mip& coil gold 58
CoU tr f? 4Vs l»t Ber....l907
Mexlnternat IsJ con g 4s.l977
1910
MexJiorth 1st gold 6s
Y Ceut
Mich Cent Sse
N
V
K
10538.
J-J
10538
10511;
80 ig Sale
23 'a Sale
18
20
80
J'ly
J'lT
A-O
F-A
98»8
98^Apr'0«
J-J
811s
2Z^
24\
20 V:
1979
.
90»8J'ly'0]
M-S
J-D
105
Mid of N J /See Brio
Mil J[>S & VV See Ciiic & N
Mil & KortJi Bee Cli M & St P
May'OO
St
\fi\
137
lii'^i'.V".'.
;ni
<iV?e
M con
p-
B
tiee
Tex
cfe
Ist g 4s... 1990 J-D
9x990 E-A
2d gold 4s
IstexE^old 5s
lst& refnnd 4s
194=^ il-N
2O04 M-S
Gene 1 4.^s sut) rects
St IxDiv Ist rel g 48... .2001 A-d
Dal* Wa Ist gug 53... 1940 JtN
Kane Pac 1st g 4s.. .1990
Mo K & E Ist gn g 03. 1942
<fe
F-A
A-O
MK& Oklstgubs 1942 iW-N
MK<feTo£TlsCgag5s.l94: il-S
. .
<fc So Ist gu g 58.1943 J-D
T6x&Oklalsts-ug58-..1943 M-S
1906 M-N
1st consol gold 6s
1920 M-N
Trust gold 58 stamped. dial? M-S
Registered
al917 M-S
1920 P-A
lat ooU gold 53
Slior Sh
Missouri Pacific Sdvs
1945 ivus
40-year gold loan 4s
gn g 4s. 1919 FA
Leroy<feOVALl6tg5sl920 J-J
P*c a, ot Mo 1st ex g 43-1938 F-A
Ceut Br
Ky
1st
2d extended gold58...193S
St L Ir M<fe Sgen con g 5sl931
Gfen con stamp gtd g 5s 1931
TJnlficd & rer gold 4s. .1929
Eiv & G Div lat g 4s.. 1933
Verdi Y 1 &
1st g 58.1920
Mdb&Birm prior hen gSa 1945
Mortcage gold 48
1945
Mob J <& K C Ist cons g 5s. 1053
Mob & Ohio new gold 68. .1927
1st extension gold 6s../i-1927
(ienerai gold 43
1938
MontgomDiv Is* g 5s. .1947
St li <fe Cairo coa g 48..«1930
Qnaxanteed g 4s
1931
& O coll 48 bee Soutliem
Moliarwk <fe Mai /SeeXYCt&H
W
M
J-J
A-O
A-O
J-J
120
-
101
J-J
J-J
J-J
J-D
Q-J
M-S
F-A
Q-K
J-J
W
Shel
&e JL
<fe
N
.Nato£Mexpnorllen4i28.1926 J.J
1951
Feb'Oe
N Y & Har See K Y C & Had
N Y lack & W Sef D L W
XY-LEi-W Sec-Erjv)
N \' & LoBgBr AfeCeutofNJ
Xew YdijcXew HaT & Ilart—
Monaatonic^ con g 6s.. 1937
120 1201^
N H Derby con cr 5s.l918 4VI-N
N Y' & STorth See NY C & H
il»"il4i-2f N Y.O ^Wref Istg 43..(/19i)3 il-S
E.-egiS S5,O00 only
941a- 97
c/1992 5197
971 •N Y' & Put See N V C cfc-R
:N Y;
R B See Long IsUnd
10034 102
N Y S & W See Erie
N Y Tex M See Ho Pac Cn
Ifor & Soutli 1st g 58
1941 cVi-N
100 103
Sforf & West gen g 68
1931 M-N
h>8V 92 -V
Improvem't & extg6s..iy34 F-A
lOS'^s 107 li
New RiTer l8tg6s.
1932 A-O
9II5
»S
N & W.Ey let con g 48.1996 A-O
IM
10212 101 la IO2I2
Sale
89
90
Sale 107
1071^;
88 =i Sgi^ Apf'06
89
107 lo
88
--J
<fc
19
6
I'i
88 »« 121
83
..._ 91ig 90
107%
108
fey
Apr'06
Feb'oa
90
96I4
96I4
11363 ApT'Ou
110 168'^2Apr'06
107s 106 Apr'Otf
10814 Apr '08
ice's 10©i8 106 >s
95^8
111"
i'lsii
108 14
10. i
lOSW
106
103^4
l'i2i4Sale
104 Is Sale
104
I22I4
IO418
106
....
93
106 109 12
103 101
12214 125
103^2 107 ifl
IO4-I2 107 i-i
106, lOgH:
94I2
91
9413 9»
104
I223g
IO4I8
97
110
Mar'05
103
103 Apr'06
11934 12038 Jan 'OC
llSin...^. 114
Ill's
"90" "Si' 116 Nov'05
9II12
1<H>
...
...
103
119
2S 114
911a
94^4
913(1
Dec '05
98^4 J an '06
U3i2Apr'06
122
^.
96
1203a
11734
9S'8
9834 99
113'9ll3'5
95
98
Mar'Oe
Nov'04
93
101
II912.
ll9'^Apr'06
II8I4
113!^
112
iia;
llS-a 11213
110i4,Feb'06
H2ia
112*1 115 Is
II914II9I4
uojife
ll7i4Mar*05
113
.
10*4...
M-N
Registered
1^98 F-A
MlcUCentcoUgS'ss
1998 F-A
Registered
195J8 F-A
Beech Creek 1st gu g 4».193U J-J
Registered1930 J-J
2d gii gold5s
19S0 J-J
Beech Cr Est latg 3 "ijs 61961 A-O
Cart & Ad Ist gu g 48.. .1981 J-D
Clearf Bit Coal Iste I is.I
WO
J-J
Mai
Ist gti
4s.. 1991
1996 A-O
gen g43... 1944 J-J
joint 48. . 19£41
& T Ist gn g 6s
1922
V & N E 1st gu g 4s 1989
Nortli Illinois See Clii & N W
Nei'th Ohio See L Erie & W
C.C
F
<fe
Coa.! unci Iron
1 Co gen s f g 5s. .194.3
Couv-ertible deb gOs
1911
Col C
1 Dev gu 58 g.. 19pt>
CoLFuel Co gen gold 6s. 1919
Or Rlv Coal cfe Ist g 681919
&
Indu8l8tconv5eguA.1934
cfc coU 68 gu Ser B. 1934
Contin' lal C Ist s l gu 58 g. 195',^
a e(t cfe CI oar C cfe Il8tg5a.l920
•Col
1
1st g
2d gold 59
I
Uegistered
J
1997 U-J
0-e^eral lien gold 3a
o2047 Ci-F
Useglstered
a2047 (4-F
St jPanJ.Dal Div g 4s. ...1996 J-D
li^rastcred
1990 J-D
C JSt&QcoUtr4s 5««OtKdT
N
St^f &
P gen g 6a. ...lJ>-2o
Registered certi tic's.. 19^3
St Paiilifc DiU 1st 5a....l9»l
2a-5S':
1917
1st consol gold 4s
1968
98
Saae
Ore RB & Nay /See
Ore Short Line See
ioA
i()7" ioS'l
10GI4
*"
105 4
105%
10734]
99
100 4I
Api'OO
9SI4 Apr'06
10l»
9SI4
i>3=»i1
9934 113 98
9S
lOl'i
lOligFeb'Ob
101 4 101 iS
122 % i25%l
i25'>-lM'ar'06
139 Jan '03
109'5g
—
Apr'04
120
JftB'06
J'ue'05
1064NoY'00
Apr'06
120
104%
119
104 4Mar'O6
97
-J
120
104ia|
97
98%|
105i8Mar'05
119 la Mar'05
11334 Apr'06
11334 Jan '02
I13»4ll8
107% Fob '05
104
10379
103
Oct
12 10334 106
Feb'0€
H)o
1024105
83 4 sr>2
8SI3;
9734
101 12
884 93
88
914
8914 934
89
90 >4
106 41054
lX)6i9 PeJj'06
i02
108
•
984
10034 102
89^
8a >a Apr '06
.. 89 1« Apr'06
89 Agpr'06
89
95^4
98 14
Feb '06
101 Is
881a
10V12 Sale
883* Sale
Mar'04
100
!»
125
102
1014
101 Bk
lt}6»8
Oct '06
jioo 410434
FA
105
111 Feb'OC
10734 111
l324F«b'95
132;% 1323^
130 Si..*.. 13934 Feb'OC
13034 1303*
124
12934 Nov'05
100 i^s Salb 1004 1003^ 126 100% 103
100
100 Feb '06
98
99 12 994Aitr'0e
9S4 100
9234
9224
95 1»
92
""'.
1324
ioo"
1091.2
102 4 Sale
1024
Apr-oe
1<»5
NoT'0^
105 Oct 'oa
ICWVjFebHJe
104
76'8 Sale
7434
124
Missouri See Mo Pac
Panama 1st 3 fxmd g4i23..1917
Sink fund subsidy g 6s.. 1910
Penn Co— Guar Ist g 4 48. 1921
Regiatere<.l
1921
Guar 34s coll trust reg.1937
Gtuur 8 4s coll tr ser B . . . 1941
A-O
J-D
1071*;....
113
M-N
J-J
J-J
M-S
F-A
gu g 348.1916 M-N
1st con g 68.1932 -A-O
cfe
2878
78%
75ii
ICO 4 101
124
125
J'lv '99
M;ir'06
118
115
1093,j
Mar"06
1094 110
1004Nov'0
934 94 Dec '05
.116
lOi
11634 Mar'OO
118
115
1163^
Nov'05
11434 Jan '06
too
110411434
Mai'OC
112
112
10634
i02
108
100
111
Jan '06
Apr '02
1063* 107341
914 Mar'06
9738Sale
9736
9714
H7i8
91%
56
ll9iaF6b'0e
113»8.
ist real eat g4s.l923 M-li
B A I ex fit gu g 4 48 1941
100^
114
1064107
10734 Apr'06
10734 Deo '06
9359 Nov'05
92»4'
97
98
108'4 Ang'o;
1194122
984 iJeo '06
974.
9719.
96
Jan
'04
96i4Jan'0l>
9834
102 >4.
9614
Apr "04
9^\i
112'8Feb'06
.\
1124 Feb'OC
IO3I4.
103""
11:^4 H2?'8!
1124.J'ne'05
103 4 Dec '05
92 "a Mar'06
92% 94V
127 "a Oct '02
1912 J-J
..M91i: AvO
3tt79
Qr
106
7514
1932 A-O
PCC&StLsm44«A...1940 A-O
Series B guar
1-942 A-O
Series
guar
1942 ja-N
Series D 48 guar
1945 jH-N
Sertea E 34 iuar g
1949 F-A
Series F 4s gtiar
1953 J-D
PttteJTtWdfc O 1st 7s. ..1912 J-J
-
104
76
103
AG
CI <& P gen gag 4ias ser A. '42 J-J
Series B
1942 A-O
Series C 348
1948 M-«
Series D3ia3
1950 F-A
PenniBR
103%106\«
77
75 14 Feb'OC
101 Jan '06
NYC
W
<st
certif's
1044
Mar'06
764
132
113
1144
99
104
100 4 103
125 Apr'06
Q-F
F-A
118'
118
119
ibs'i
'.
118
Apr'04
lo7 Dee'OS
111 4 Sop '04
106 Aug"!);.
117
M-S
M-K
9©% Sale 9579
9«34 480 95''8l0t
J.D
salfc
10038 102-W 232j 100 105»4i
M'N 10
1044 Oct '05
M-S
,
llO
DJtJtRA Bgelstgu43g.'36
104 41041.^
1044 1041s
104
Oswego & Rome See
O C F & St P -Sec C * N
9734,
05i'rk& Cher C 1st g^ 5s g.l913 A-O
112 14.
I'Jiij J-D
PaoCoftHtCo 1st g5s
Tr Co
Feb '05
1024
Pao
XSrt Pac
Consol goldds
1919
Consol gold 4s
1943
Convertible g 34s
1915
convertible g 3 48
_ 1912
AJleg Yalgen gu g 4S...1942
CI A Mar Ist gu g 448.. 1935
.
91>2.
"82' 103«8
124
Un
Registered
98
98'4
98
lOl^^s Sale
91
Wast Cent lat g4s
1948 Q-^f.
Nor Pac Ter Co 1st g 68. .1933 J-J 11634...
Nor Ry Cal See So Pac
J'ly '04
...
J
an '06
102
J".
J
::•.-
loSiJaFttb'oe
....
108
1083^!
Paso
Tclvanmph and 'Vetephouc
.1024 lO?
Mar'Oa
91 4 Mar'OO
68
102
102 4106
77 4 Sale
76<4 Sale
ibs"
102»8l05
91 4 102 14
Am TeJep cfc Tel ooU tr 4s 1929 ICo mm Cable Oo 1st g 48.. 2397
95i4Jan'0«
944 964 97 .Mar'06
Met T cfc'T Ist 8 f g 58. ...1918 M-N 10»
1094 May '05
N Y cfc H J Xel gen g 68..1920 Wl-N
1091.2 10514 J'ly'Oa
West Union col tr cur 58.19*- J-J
IO&I4
109V4
Fd and real est g 4%b...195(i M-N
88 4
105
ttra
Mut Un Tol a fund 6s. I9li M-N iinVibiJ" 1064Max^Kl
83 H
106
Nortliw Tel gu X 4 %9 g 193-1 J-J
103 J'rytM
94I4
95«4
97
98
.
,
107 4 Oct '04
1024 J'ly '04
76%
?92
77% V29
107«8Dec'04
1014.
1920
H
'|Kan cfe
C cfc 1st 8 fg 5a.l95
iPloas Val Coal 1st g s f 5s.192j
J-J
N«K Pac— Prior lien g 4s.. 1997 Q
inXSC£I.I;.AIf£0'U8 BO!)]>!^$—Continned on Next
Ool
J-O
B.1940 J-J
1940 J-J
W* G Bdge gen gu g 4 "as 1946 J-J
N J JODOrt g\i latg48. ..1986 fM-S
F-A
KY & Pu lat con gu g48 1993 A-O m<fe
cfe
Pitta gug34s
Series C
Gouv*03W6lfitgag5s 1942 J.D
Moh
C
<§cio
Eirie
.
JbAke Shore ooll g 3^8. ..1998 F-A
Istlcfc
Pocah
CStLJfcP
105 Apr '08
831a
83%
A-O
1997 J-J
l'J34
2]
Low UigJV
124
123 14
aInd&W
1131*. ,„. llo^s 115%
8419
96 Oct 'Oo
96
96 Apr '06
127^4 127 Apr'0«
95
114
105
RegisteredDi-v-"!
96
NorWlB A'eeCStPM&O
IO712IO7I2 Nor <fe Mont See N Y Cent
113 U53s
&'eeCOC&StL
iio Eirer BR 1st g 53.1936 J-D
941^ "aT'
General gold 5s
1937 A-O
126 la 127
Ore & Cal See So Pac Co
9534
107 12 Apr '06
i*5=4
VilH
961*
1081a 100 's
1U6 loy^e
ltJ8^4 108A;
Apr'06
93
95I3 961" .97
89 "s
94
108
113% 116
107 12 Feb '06
106
92
s«%
107
<fe
g 48
Since
January
<fe
cte
I>el»en
Range
Jiigh
-ow
lbs
l'^
<fe
Apr'06
Nov'Ol
103
-NewH&D A'eeJ{YKH&H
» J June IIR ,See K Y Cent
Ke\T
Cin Bdge &ee Penn Co
N O&NE prior lien g 6s »1915 A-O no
Man Bch See 1,1
Jf Y Bkln
NY Cent& H Rivg 3128.1997 J-J 98
96'
P.aKiSt«r«d
&
ac
StLlst 7sll913 J-J
i.~ Ist consol gold 58
1928 A-O
Jaaper Branch Ist g 6s. .1923 J-J
McM M <& Al Ist 6s. .1917
T di P Branch 1st 6a 1917
<fe
H
<fe
.
J'ne'05
'05
10214 102
.yf-s
&
1st oonaol is
Ceut
Y'
.
cfe
Kasli Elor
N
N
113 '" rCi" 114
114
94i2Mar'06
93 Sj
97
97
97
M-N
MonouiTHliela Kiv iSee B & O
Mont Cent /S'e«3tPM<feM
Morgan's La & T Bee, S P Co
Morris
Essex See Del L & W
\] ash Chat
Last Sale
r^
11314 Mar-OS
K & ^'
4 mt gii'as J-J
gu
&
M SAM n A 1st s4 intcfcM1926 J-J
St P M
Mlnp U
Mo Kan
Mange or
April VO
ApniL^SO
L&
nils Oct
1909 J-D
Ex 1st cola 78
PacUiC Ex lst?oM 6b.-.19'21 A-O
South West Ex Isc g 7s.l9iU j-r.
1934
1st coasol gold 5s
latandrctTind gold 48. .1949 ft/l-S
Doa Mcfc Ft B 1st gTl 4s.. .'35 J-J
loTva
Minn A Bt ij
ilKti' <fc S S
E.ndin-o
Week's
<fe
1st sold 7s. .1927 J -I)
L,
Week
Sid
Ash
\l—(ConUnii^.)
Xor Mont 1st .wi g 58.1016 A O '.'.'.'".
12'*" ibVi'.i
i'tij'h
Wc^t Shore Ist 4s gu...23iSl J-J
122i4l'.'v;'^
2361 J-J
Registered
ii.0'2
1997 J-D
La3;v3 Shore gold 34s
9:1
i'i6"'ii'j6i-j
1997 J-D
ale'_-istered
OS's Sale
iiV-28 .v:-s
Dtljonlure g 4s
984
Det Aion * Tol I8t7s.l90(; F-A
lOgialcS's
KaA&&Blstgac5s.l93» J-J 12034
99 101
Mahon C'l RR 1st 5s. .1934 J-J
'.'".'.'.
1061-illO
PmsMeK:& Yl8tgu6s.l932 J-J i28"'
"95 '4 96 14
19S4 J-J
2d guar 6a
112 .
Il4»4ll7
McKees <fe B V 1st g 6a 1918 J-J
H2121121-2
Mich Cent 1st consoIOs. 1909 M-S 103 .
1931 i«.S 1174.
5s
Hi .
1931
Registered
la 100 Is
1024.
97
1940
4s
Registered
1940 J-J
M-S
1951
J
§ 1st g 343
11 101
97
103 ^a
1952
lstgS48
Bate & Stur 1st gngSs. 1989 J-D 754.
104
103^4 105 'a
Y <fe Harlem g 34s. ..2000 M-X
2000 M-N
Registered
JT Ycfe North Ist g 5s... 1927 A-O 112
131
7513, sn
R "W,& O con 1st ext 5s h 1922 A-O 113 117
leo 23I4 26->8
Os-we <& R 2d gu g Ss. ..elOlr F-A
lb I8I4 21
RW&OTRlstgug 53.1918 M-N
Ut.ica& BlkRivgug43.1922 J-J
9812 99^8 :s Y Chic & St L, lat g 4a.iy37 A^O IO418.
Registered
1937
X Y&Greenw iiake Sec Erie
W
Minn .fe
Price
t'ridav
STOCK EXCHAarGE
N. T.
J
No Low Migh
Apr'OC
122^4
l«6-i
Pensaooia Div gold >3«, lySU M- S
Hl'^l M-S
St L inv I-st gold 68
lti«tr!W-6
2agoR! Ss
'
- "
Atl Hnoi & Xor Ist c5s.a!»4i. .7.
January
Jiiah
Mar'tly
129
J.J
J-J
BO.NO.S
Kanije
Hinee
76
7479
. .
105
Oct
f06%107'
. .
107 May'97
102 4 Oct 'OS
1054 Oct
107,4 loo's)
l04i« 105'.
^fanuiactarins &. Industrin
\m Cot Oil ext 44s
191; Q-l
'D:"'
'01
954 90
90
90
96
93
s^en Ss
-Viu Hide lb L l8l3tg6B..191'.
1951
907^
9734 101'.
961..
95
95 1004
95
96
997a Sale ,9078
Tenn Div 1st g 6s
ol91'i
Ainer Ice Sccnr deb gCs.. 192. .A.('
107
108 n "a Mar'Oi
109 1 1
'.»3%:
iH)
92
9
90%
87
Blnu Div Istcon.'tol 6s..l9r(
\m Spirits Mlg l.st g68..191. i-r 102 102' 102 4 102'.
106
1OOI4IO8I4;
109 Mar'0(
109 1101
Cah G M Co iHt gu g 6s. 192'.
Am Thread Istcol tr 48. ..191'. J..
.I03p 'JOSb.
102
Dpc'O;.
9()!^ JanOi
91^8
De Bar C ifc I Oo gu g 6s.I9I(
101
.\m Tobacco 40-yr g Os
10.^ Vj 10:t''.
103 4 Feb 'Ot194
113?,
.13 1171*
\-c 113>4.Salc 113
V Iron Coal Co 1st g 5s. 194i
9.5
.Sale
9."i
05
91', i'lj797.
'284 S4
J9.')
b'-t
79'8SaK:
79%
'Noprice Friday; latostbidandaalcod. aDue Jan 6DueFoU cDao:dar d Duo .\pr /tDue.J'iy /cDue Aug oUaeOot j>Daefior gDueDco sOptionSnl*
*renn Coal
1-.
I
cfe
."
•l:-i
'
Bond Record—Concluded—Page 4
916
BUM»
STOCK KXCir ANOB
WrrK KNDIN" APRIL 20
I^rice
term
^e.
Range or
JMst Sale
Pliilalial<fc\V iHtR4s..l943
Bull Jb Lewis Isl K 4H...l'.':i(
.J
J
January
110 "2 Sop
AU
L ifc >ii\s\
Poo cfc KaHt fife C O C cfc Bt L
lUJl Q-F
Peo A. Vck Un Ist gGs
2ii FOl<l 44a
t>l'J-_'l M-N
Jfc
M &3
Peril -Miiro— Cli»Vs \V
M
ji Us
ilint ct 1>
lat cousol R0l<l5s..
I'.cJl
I'J'M
lyj
J-D
A-O
M-N
123
11-2 13
Puts aicKeea
Y
<k
&
i, i. l8t
IslcoDgol frolil 5s
t>li
Pitt.s
^ West
Puts V
/ieeN YCen
g 58...rj4U
A-O
iy43 J.J
See 1! <fc O
1st con 58.1027 il-N
^eug 48
liH>7 J-J
& AsU
X>e:!(iujjr Co
It. Ue_L;ist€rea
I!»it7
<fc
Hec
!?ar
A&
'05
lll'alll'-i
UCi^Mar'Ofi...
137 NoT'97 ...
llS',.
127«8....
115 12
116
12fl
114
116
loo's Sale
Con gold 5s
Southern— l8t con g 5s
J-.1
99 14
120
118
lOO^t 18'J lOOi^lOz^
I0OI4 IOOI4
Jan 'Oft
yO'aApr'Oti
9938 101 Is
Rock & puts
aee
Rome Wat A O?
B K
See
<fc
Vad Ist g guar 48. 1940
Col <fe Greenv Ist 68
1916
ETVa&Ga Dlv g 58. .1030
Con Ist gold 5s
1956
K Ten reor Uen g 58
1938
Ga Pac Ry l8t g Gs
1022
82
P
Dec '05
Jan '06
IOC's
ice's Oct '05
»6
100 Peb'Oe
lOlijNov'Ol
92
94 ^g 93i4Mar'06
. .
2tl ttolU 68
Cairo
8t Li
8t 1, <fc Iron
199t)
See Mot) & Ulim
&
Mount see
P
8t L IC C <fe Jsr See Wabash
8t h
15r See T Eli A ot St L
St L & S Fran 2cl g 6s CI B 190G
190U
2d gold 68 Class C
General gold 6s
1931
General gold 5s
1931
St L <fc S J<" liK cons g 48. .'9(;
Southw Div Istg 5s. .1947
Retauding g48
1951
5-}'e;ir gold notes 4i2..190(K C Ft S & :*1 con g 6s.. 192!;
K C Ft S & Ky re* g 4s 1936
122
92't2
Jan '06
122
122
S
M-N
J-J
J-J
J-J
A-O
J-J
J-D
A-O
A-O
J-D
A-O
A-O
J-J
&
8A&AP
P
<!)««SoPacCo
8 F & N Ist sink t g 5s.l91fc J-J
8av F & We.st iS'ee Atl Coast I,
Seioto Vai & N IS See Nor<fe
Seaboard Air Line g 4s ...I960 A-O
CoU tr refund g 5s
1911
Atl-Birm 30-3Tlst g 4s.el9o3 M-S
Car cent Isicon g4s...l94;> J-J.
Fla Ceu <fc Fen Ist g 58.191.'^ J-J
let land gr ext g 6s .. .1931 J-J
Consol L'oUl 58
1943. J-J
Ga& Ala Ky 1st con 5s 01945 J-J
Ga Car <te iso Istgugus 192h J-J
Seabtfe ltoal8t5s..'
192c J-J
Slier Shr & So See JVl K. & T
Sii Sp Ocn <fc G See Ati Coast L
Sod Bay <fc So 1st g Ss
1924 J-J
SoCar<fe Ga See Southern
80 Pac Co— KR 1st ref 48.1955 J-J
Gold 43 (Cent Pac coll)./cl949 J-D
Registered,
A;1949 J-D
A<fc N
IstgngSs
1941 J-J
Cent Pac 1st ret gu g 48 1^49 F'-A
Registered
1949 F-A
Mort guar gold3i28../cl929 J-D
Throuiili St L 1st gti 4s '54 A-O
Gal Har& S A Istg 6s. .1910 F-A
Mex& Paclstg5s 1931 M-N
&
1933 M-N
H €feTClstg6sintgn..l937 J-J
Consol g 6s int guar. ..1912 A-O
Gen gold 4s int guar.. 1921 A-O
N Wdivlstg0s'3O
lump
U
iH^
\QW
Registered
Utah
May'05
Feb'06
13434 Dec'04
llSJalW Mar'06
121 Hi Oct "05
i24
130
,
116
1923
AO
NatStaxch .MlgColstg6sl020 ,*1-N
Nat Starch Co s t deb 5s.. 1925 J-J
Stan Rope & T 1st g 68... 1046 F-A
iDOonio gold 58
U S
Ivcath
Co
8
t
deb g 6s.. 19 13
109 ^a.
10734
1121a 112 's
112'2Jan'06
110
.
Oct
"
Black
R
See
,
88
88
8S
103 14 1023* Apr' u6
951:
107
10238.
109
109 ^a.
.112
]
94
'iT'^
go's 97
107=8100
lOy^Mai'Uo
.
1
10-i-j
Jan '05
llli4May'03
109
102
Jan '03
96^4 Sale
OC*
9634
92
93
92
93
93
92
993, 100
^
99
"si'^
89^2
95
99
10534 ."..
Ill
106
92 »a 963^
92
92
109 "si 10
991210234
100
10038
99'4Mar'03
88 '2 Apr '06
90 Mar'06
106 F'eb'06
Ill's Jan '06
107i8J'nc'05
107'4F"eb'06
107H. 105 "-J Apr '06
193ti J -J
108
109
93^
112 '2 114
C)
&
W
Mar'OC
..I
lOo^s
Ill's
110
111
97
llli-i
99',
ya^
122i4l'.^2ia
114>9
114
11234 11234
>•,
Feb '05
08
10713 108 !«
107 Is lo7's
123 Feb '02
110 Dec '04
113 Dec '0.5
1141s Jan '06
11412 Jan '06
114 114'<i
1141211412
9734 May'05
II214 Mar'06
11214 llSi^
J'ly'OO
NoT'04
10934 110
112 Jan '06
110 1.2 Sale II912 1191^.
9712 99'*. 99 ig Apr'06
112i8J'ly'04
107-4J...
123
Sale
95
113
110
112 112
119 ISO's
98 Is 100»a
123
123
102 Jan '06
liO Mar'06
loo's Nov '04
121'2l-'3'a
102 102
108 '4 110
Sale 11434 Apr'06
II2I2 HI May'04
11234 115>a
107^8 lOSis 10714 Mar'06
9534
93 14
8912
BO'S
go's
Si's
99
iVo"!^
92'4
1043.4
15334 Sale
9o\ 99 !»
811-.
911a 033*
90
89
81
841a
99's Nov' 05
II3I4 F'eb '06
H23^113>4
90
81
Jan '06
10434
104 Is
105
123 's
"96"
147 Is 160 14
15214 160 1*
140 Dec '05
IOII2
122 Apr'Oi
10038 102
118 14 126
117 118»R
118=8 Mar'06
Sale
io6'8
93
93
IO4I4 10634
102 -2 106 19
Apr '08
1013. loo's
122
10714
107
96
93 14
Mar'06
03
Sale
114'«H5«9
I1914II9S4
1161a
..1121
123
..!lll6
06 '2
96
9615 Dec '05
105 's Jan '06
11412 Apr '02
9534
071a
1051s 10513
102^8 Feb'06
10138
J-J
116 Sale
104 14 105 's
88
93
78'sSaie
J -J
J-J
9.<
no's
90
.
85
90
85
Sale
Is
84 Is
37
102 'bios
ov'06
114 Apr'06
115 I4 116
106
105 ^
95 Feb'Oo
77
80
102 Dec '05
93 Mai'Ot;
110 Apr'06
97 Nov' 04
84
84
97 May'05
1.00
37
IS!
114
108
21 115
105
87
1541
1161a
's
731-2
03
108
109
95
85
03
110
^5l«
Mar'u:
Si's
9013
4II4
go's
8Si^
841-2
85^1
3S'4
See Southern
85
80 ij
72
118
94 'a
S5^
8612
72
721-,
U7'2Apr'0'..
9434
Apr '06
31
96'-
763*
60
117 ll.s
94 '2 S'7'^
31
30
Apr'Ot!
W
104
09 Mai-'06
127 "s Feb '02
9=38
..
122-% Apr 'Ob
11412 114
11234 Jan '06
117
100
AS-S
Exten&lmp
llli^MaT'Oe
lllisApT'OO
97
A
Series B
1930
1st lien equip 8 fdg OS. .1921
1st lieu 50 yr g term 4s. 1954
Det<fc Ch Kxt Istg 58. .1941
Wash
113
113
...
Dec'04
VaCent<fc P Istg 68.. 1911 J-J 107^ ...
110 Aiig'05
106
IU'2111'2 Wlieel'g& L K Ist g 5a. ..1926 A-O 110'2lJ2's 114 Jan'*M3
WlieelDiv Ist gold 5s.. 1028 J-J 111 .... U2isFeb'0
106
116
llliQ
loo's
1930 ivi-N
1930 F-A
West Maryland 1st g 4s. ..1952 -\-0
Gen tfe conv g 4'3
1952 A-O
West .N V«fe Pa l8tg5s..l9o( J-J
Gen gold 3-48
194i. A-O
Income 5s
rfl943 Nov
S7''^*89"
99
99 ''s West No Car See Soutli Ry
Apr'06
loo's Feb'06
Apr'06
Is
no's May'05
11512 Apr'06
no's Apr'06
FA
Des Moiu Div Istg 4s. .1930 J-J
ill's lll'v
Oui Div Istgo'sS
1941 A-O
Toldi Ch Div 1st g4s...l941 iW-S
St Chas Bridge 1st g 6s. 1908 A-O
Wab Pitts Term 1st g 48.1o:)-i J-D
2d gold 48
1954 J-D
Warren see Del Lac & West
95
973e Wash Ceut 6'eeNorPac
Ill's Mar'06
110
.
Mar'06
Debenture series
tli
116 119»9
117i8ll7'H
gsi-t
95
91
1955 F-A
1955
1st gold 6s
2d gold 58
102 1^10311
95 's Apr '06
-yC'^M.ar'Oe
96
lllUlll'*
110
1 10
2ii
1181s Apr'O
98 34
9812
113 Jan '06
90
Vera Cruz &P Istgu 4128 1934 J-J
Ver Val Ind <fc
see Mo P
Wabash
92
83
Jan '('6
Apr'06
11734
ll.>'
117 '8 Jau'oG
N Y Cent
Registered
Virginia Mid See South Rv
VaA; Southvrt 1st gu 58.2003 J-J
28
'4
110
991*
W
'05
98 Tg Sale
7Sia
7OI2
98»a
783^
99
•Vl-N
J-J
Mar'06
85 14
86
1091s Apr'06
•85
100
85 -s
109
9634 Sale
loo's
104
Sale
963,
9612
1031s Apr'O-i
97 12 Oof. '05
104'104
73
m
T3
Apr'06
46
911s
Dec '05
73
Mai'06
109% Apr'06
10734 109 14
95 '4 97
9714
993^ Sale
9738 Sale
09 i-j
Sale
9739
100
973fc,
lot)
lOOi<
10014
98
1021s
ri$ti^
7;; 14
A-O 100 '4
iio price Friday; latest bid
113
Apr '06
134
M-N
April 1963 M-N
Registero<l
Va-Cur Clieiu col tr 58 g..l012
&
Vandalla consol g 4s
1046
U S Realty & I conv <leb g5s '24
U S Steel CorplO-60 yr5s.(i'6;<
118
02
J
1908 J
1926 J
Ist 78
119
gold 5s. ..1930 F-A
1st consol 4s
1949 il-S
equip s t 5s ...1922 J-J
20-year
ER
Wilkes <fe Kast 6'ee Erie
WU & Sioux F See St P M <fe M
Wis Cent 50- yr 1st gen 4s. 104-0 J-J
IO912....
89
114
122
114
Is
112%
lllisAug'O
8919
80 Hj 931a
SS'f,
102i4Dec'05
91 "s Sale
9112
92
102^4 Sale
10234
44
103
OlVj
95
BONOS—t^oncludea.
lYliscc!lnnf>ou8
10-yr conv. 63 '13 J-J
."is
& Nor
19i!9
Gold 58
& IndiiHtrini
Steel 1st g
97
Uni N J P.K &, C Co See Pa RR
Utah Central See Rio Gr Wes
Utah <fe North See Un Pacilic
Utica
Knickor Ice (Clue) l8tg58.'28 A-O
Lackaw
96
lltih
OS's 99
J
W
M-N
Cent Leather 20-year g 53.1025 A-O
Consol To ba ceo 50-yrg 48.1051 F-A
Kegistered 4s
195 F-A
Distil Sec Cor conv Istg 58. '27 A-O
lut Paper Co Ist con g 68.1918 F-A
Consol conv s ( g 58
1935 J-J
Int St
111
loo's
11734 118
J-D
N
iHISt;KLl>ANliOUS
iHaniilnctut'Ui;;
-
-J
Feb
1211-^11^23^ 121=^^
J
90
119
Is
J-J
M
W T Ist g 58.1933 M-N
1st guar 5s red
Wacotfe
& Nor 1st g 6s. 1939
1st gu g 4123.. 1943
N Y Seeiil^A W
102
lOS'i* J'lv'
,
W
li
102 Jan
11334 Feb'
II4I2 Dee'
110 Jan
,
W
VG JbNlstgug5s.l924
lOO-ie Jlai'
100
116
i-j
87 3»
10512
.1 106 V IO634
.:'io2
102
.i 113
11334
1131211434 116's l-eb'06
N
iis"
.l!ioi-'4
M-S
g
<fc
:<|
lift',
119'.j
M
U4
M
Hous
L
Jitg/^
.11102
8'
Mar'
.M-N
St List g4'2S.. 1930 A-O
102»4
10218 Jan '06
102 10218 -L 1st con gold 58
1894-1944 F-A
102^4
102'4 M:ar'06
102 102^4
Gen refund s I g 43
1953 J-J
126 14 129 125 Feb'06
125 127
St L
Bge Ter gu g 58.1930 A-O
113ita
11-1 1« 114
Tex &
113V2
O Se« So Pac Co
98 "2 Sep '05
2000 J-D
93'a OS's Tex&Paelst gold 5s
106
102'4 Aug'05
2d gold ino 59
92000 Mai
87 '2
86 h Sale
86
H5~ "ss"
La DiT B Lietg 58
193DJ-J
i)dK,
96 Feb'06
95'4 96
WMtaW&NWl8tgu58'30 F
12s Is
125 Aug'OS
Tol & O C 1st g 58
1935 J
8412 Sale
8414
84'2
Western Div 1st g as...l935 A
84
87^8
95
General gold 5s
1935 J
Kan<fe
Istgu g 4s
1^90 A
98
98
99
98
96'* 9934 TolP<fe
1st gold 48. ...1917 J
85 Mar'06
85
8612 TolStL* WprU6ng3'2S.1925 J
84'i2 85
79''8
80 Sale
60-year gold 4s
1950 A
80
10 79\ 82
Tor Ham <fe Buft Istg 48./i,1946 J
later <fe Delist eon g 58 1928 J
1061*108 10G>4 IO6I4
106 14 109 V
Ist refund g 4s
1952 A
136 '4 137>v trnPacRB<fc 1 gr g 4s ...1947 J
136 l37'2Feb'0i5
137 J^ 140 May 02
Registered
1947 J
111'*
lllii llli^
Ist lien convert 4s
1911 M
i io>i
11 6 is Apr '01
Registered
1911 «i
"""n'li^ 111 Mar'06
Ore Ky & Nav con g 48.1946 J
iOO's Ul
103 104 102 Mar'Od
102 104'4
Ore Short Line Istg 6s.. 1922 F
108^ Sep '05
Ist consol g 58
1946 J
10114101s*
Guar refund 4s
101 •^
1929 J
1937 J-J
1937 J-J
let guar gold 6s
1937 J-J
Will
S If Ist gold 6fl..l93S J-D
Nor Pac See Nor Pac
St P
St P <fc 8"x City 6'«e C St P
&0
S Fe Pres & Ph 1 8t g 5a...l94i .\I-S
Gfila
See
Ry
M^erAot
MA
Registered
N Ala
Syra B\ng &
W
Monte IstgugBs
<fe
att-is
105"-.,
883,
II3I2
.192-1
<fe
Stat Isl
il-N
10.;
J-J
F-A
W O W Ist cy gu 4s. .1914 J-J
WestN C 1st con 63.
941s
1
Low
118
Aoi
J-J
1921 i^-S
1926 i1-b
1936 IVl-N
1936 S^-N
4-53
K 5s
Spok i'aUs
St liouis So See llluiois Cent
l8t g 48 bd CUS.19W) >I-N
St L, S
2d g 48 ino bond ctfs...2>1989 J-J
gold 4a
1932 J-D
Consol
Gray'8l?tTerlstgug6s 1947 J-D
Paul & Dul See Nor PacUic
St
Man 2d 68.. .1909 A-O
St Paul
Istcousol gold 6s
1933 J-J
Registered
193i J -J
33
Reduced togold44s..l938 J-J
llegistered..
1933 J-J
Dakota ext gold 68
.1910 Ji- N
Mont ext 1st gold 48
1937 J-D
Registere<l
1937
E Minn 1st diT Ist g 53..190fc
194>s
Not L)iv Ist gold 4s
Minn Union Istg 6a
1922
A-O
Sine
'
1
I)
General 5s
Guar stamped
A-O
M
K C& M K<fc BlStgu5s.l92U
Series
Series
99"^ 100 Is
M
M
J-J
J-J
<fc
1941 J-J
Oli&ij Cham 1st gu 4s g.l94S J-J
Kiit-Cauail 1 St gu g 4s. 1 9 4;i J-J
Marc)
Sa^g Tu.s Oi a. See Peru ..1947
t JOifcGr Isl 1st g 4a.
J-J
8t Law & Adlron Istg 5s. 1991; J-J
109
Knox & Ohio Ist g 68-..1925 J- J 1223;, 124
Richcfe Dan con g 6s
1915 J-J II4I4
Deb osstamped
1927 A-O no's
89-., 93
Rich & Meek 1st g 49. ..104^ -M-N
80 Car
Ga Ist g 58.... 1919 M-N 07 -2 Sale
Virginia Mid ser C 68...191u n/l-S 11318
Mar'05
N V Cent
Butlaml 1st con g 412a
&
109
76
89
194.S
Atlcfe
'
lOSTa.
191,--
Hang*
January
'
9'.«
1948^ J-J
2d 4s
Hi
'il
129 Is Not'
118 Feb'
106 Sep
113 Jan
102 Is Mar'
116
19041 J-
AlaCen R Ist g 6s
AtlA Danvl8tg48
-1^97
May' 05
L) i& 11
Rich & i>ini ,if Soutli Hy
Rich tt hleck 6>fl SouUiem
Kio Gr We.st See Den <fc Kio Gr
Kio (ir J niiC Ist uu g J8...193i.' J-D
1940 J-J
Eio gr So 1st gold 48
Guanviiteed
1940 J-J
-
1
Registered
Mar'06
J
1943IJ-J
1904 J J
Mob<feOhiocoUtrg4s..l93« M-S
Mem Div Istg 4'a-58...100(i J-J
St Louis diV Istg 48.. -.1951 J-J
100'4
10014
98
A»k Low
SPacofKMexlstR68..1911 J-J
SoPacCoast l8tgu'lst'.1037 J-J
Xex&NOSabDivlstg68.1912 .M-S 108
115'sll5's
120 Oct '01
112'2Deo'02
113
110
Soj
55
8oPoIArgul8tg68...cl909lj.J 1053
Ist guar g Gs
cl9J0 J-J 107
99
8 PofCallst kOhCAD 1900 A-O
l.stgOs series K& F... 1912, A-O 109
Ist gold 6s
19121 A-O
Ist con guar g 58
1037 M-N 119
Stainned
..1905-1937 M-N
iriisllS
no's 110 >s
"-.i
Jeravy Cent coU ^48. ..11)61 A
Rcnssciiier
Jan
109 Apr '02
liaill'-'in
llO'i llo'.jJan'Ofi
Ill 1 11 Jan '06
W
JD
'«
10(P4 DeC'O."'
AO
Pt lluroiiI)ivl8tg6s.iy;{9
SairTus.fcH 1st KUK4M.UIJ1 FA
Phil U ifc
Hcc i'cnu Ri:
^lu):\ tt Uwuliujf cous 78.1011 J-D
Piiie Creek reg guar 68...1'J32
Pitta Cin & SI li See Penu Co
PittsCleveifcTol aeciiiiO
puts Ft \V <fc Ch *ee Peiin Co
Puts Juno lat foia Gs
IV22 J.J
Pnx« & b line 'Jil g 5s...al'J2^ A-O
Pitts
Ist gold Cs
1920 J-J
Cai iHt gu g Gs
1907 J-J
Guaranteed gold 58
1038' A-O
OreJjCal 1st guar g 58.1927! J -J
8
APaMRl8tgng48.1943i J J
Noof
'04
tiee
118
iree/.-'i
Range or
Latt Sale
1..
166'^'.'.'.'.'.'.
S5
Price
April 20
STOCK EXCHANGE
Wkek K.vdlno Apkil 20
N. Y.
Hid
Low Hi all Southern Pac Co (Continued)
100 110
Morgan's La* Tlst 78.191 8 A-O 121
ASA Low
Hiah
llOViFcb'OG
J Kl'><fcUttnpeD4s.lilll '.1-S
Peiisucola
BONUS
Jiange
Sinze
Hid
tHi—(CoiiHnt(etl)
V S
WeekTt
fyuiav
April -JO
N. r.
[Vol. Lxxxii.
"7"!
78 14
8334
7S7«
8;"2
Adams Ex col tr g4s
1948
Am Dk & Imp os See Cent N J
Am SSCoof W Va g 5s. ...1020
B'kl'n FerryCo l8lcousg5s'4S
8214
107 's no's Chic Jc& St Yard col g5s.l015
Det .M «& M Id gr incomes. .1011
96 100
10138 lOJ '2 Hoboken L& I gold 5s...l01o
Mad Sq Garden Istg 5s.. 1910
103'slO,S3i Man Bch H & L gen n 4s. .1040
03 Is Newp Ne Ship * 1) D 5s (ililOO
85
N Y Dock 50-yr ist g 4s.. 1051
77
73
Providunt Loan 800 4123.1021
1
Is
•-;
-:
8t J o.soph St k
Yds
1
St 4
'.js
.
1
:;:)
Wl-S
10034 J'no'02
.\I-N
F-A
J-J
47
"74"
Feb'06
A-O
48
108
74
J'ly'06
50
44
102
46 '4
104"^
58
F^eb'02
Mar'06
"74"
"Vs"
M-N
.Vl-N
.M-N
J-J
F-A
0:-.l4
M-S
99
95 h
,
J-J
St L Ter CnpplesStiit'n* I'lov
95 14 901.2
Co l8tg4i2S 5-20 year. .1017 J-D
96 '4 100
S Yuba Wat Co con g 6s.. 1923 J-J
96I4 100 14 Sp Val Wat Works 1st Os.lOOi; .M-S
100 lOlis U S Red cfe Ref Lst s f g 0s.l031
li's'i^Apr'Oe
99 Mar'06
100 Is Sep '05
O0I4
99
98
99
98'
niH
107«8 loo's
and asfeadtliia week. aDaeJan
10334,
U2
J'ly'04
il3is J'ly'OO
100
Is
Sale
99 Is
100 Is
tDueFeb «DueMay ^DaeJ'ue ADueJ'ly j^DueNov £OptionSal»
CHICAGO STOCK EXCHAi^GE-Stock
TOCAS—HJOH3ST AND LOWEST SALE PRICES
^
Saturday
Jpril 14
Tuesday
April 17
April 16
Thursday
April 19
Wednesday
April 18
Record-Daily, Weekly and Yearly
STOCKS
CHICAGO STOCK
IiViday
Ranqe
lor Year
1906
tor J^ejioria
year C 190 5)
Week
EXCHANGE
Afril 20
Mange
Sales
or the
Loruest
Sliare.'.
\
Highest
Lowest
Uif/hest
Kaiiroads
*'."'.'.'.
-(53;
"*T\"''j"
'"i"
150
150
150
•150
"y"
*23
*22ia 25
551a b^h
56i4
6234
lil
92
28
68=e
27
64
91
29 H;
101
-6W
125
'W
•36
'.'.'".'.
•125
130
135
106
*
57'-j
'.'.'.'.'.'.
3SI3
112
60
60
•22"
"'i"
164'2l54'2
154
&^
110^2
100
28
8
62^2
128
*65 4
"Th
124
iuVi34io7i8
130
102'5l03i2
*1'20
117
11712
92
*120
117
95
Booth (A)
*6'2
/
7
153
55
110
'109
126 '4
153
o5
110
-^4
110
110
55
92
125
2"J"'22" "64"
65
65 ^2
106^4
107"
10634 i0b34
103
130
103
125
103
120
125
103
•117
'92
117
92
121
117
92
•120
•634
153
•55
110
109
127
IlOH;
129
56
118
95
\\^ 12
41
•40
•40
41
42
1214
1234
129 Diamond Match
100
56 Illinois Brick
100
Nov'05 Knickerbocker Ice... 100
Do
Feb'Ot.
J'no'04
12«8
12
100
100
100
100
The Quaker Oats Co. 100
Do pref
100
Do
12ie
40
46i4Mai-12
6s M Feb V
tfc
P Co
.
26
30
93H2Feb 8
Ai>r 2 2939 Feb 20
Apr 18 72 '8 Jan 13
2ii
67
25 Mar 14
25 Mar27
60 '4 Apr 11
7VAprl9
2,126 60 "2
50 115
136
"215 54
"200
101
28»-Oct
3 '4 Sep
Jail
Feb
Deo
Oct
Aug
bep
Dec l03i4Mar
72 Feb
96
40
60
J'U€
14i«Apr
Dec
Jac
834
73
Hi
J an 23
Apr 2'
40
6
Mar 6
Janl6
1
6i4Mar23
7
Mar2. 165
34
6
J'ne
J'ne
Feb 15 153 Jan
Feb 9 32 Jan
613
Jan 15 125 May
128
Jan 9 95 Apr
1,926
Mai 26 147 Feu 7 134 Hi Feb
1,39:
Apr 16 7134 Jan 23 55 J'ne
11 Feb
IIII" "79'8Feb23 "so" Feb 28
63 Feb
9b 148
54
110
109
126
55
Apr 16 63
Apr 14 130
Apr 18 118
"4 4
3
Feb21 122i2Mar
"'a
2
7
19
Aug,
Uct
.Mar
Jan
Jcu
Jan
I
7
172
Feb,
58^4
Dec
143 Hi Feb
118 Deo
145 Aug
Not
Not
67
42
76
Oct
Mar 48 "2 Aug
2 14 Oct
Jan
23
Sep
6 5234
5 11034
33 liSHiJiin 4 llSHiFeb
124 78 Jan 5 95 Mar 3
115
j'aa
Jan 25 108
Maris 64
Mar
1
Apr
9 128
Apr in 76 Jan 110 Deo
Jan 17 136 Jan 17 125 Feb 134 Deo
Jan 13 5734 Jan 3 38 Jan 59«\ Sep
Jan 11 10934 Apr 4 98^ Jan 105 i-i Mar
i-'eb
Feb 6 "35" Oct' 4o'
Jan 25 105 MiU U2
Feb 6 50 J'ly 70
148 H2 Feb 150
"l6"Febl;^ "l6''^Feb2;i 10 Jan 10
""16
34
',
99
21 May 26
60 Mar 68
901* Mav 100
27 A\ig 30
Jan 20
Jan 25
7e
Sep
93i4:-ep
Feb 19
Feb28 25
17
36
108
"230 60
10
11
Apr 20 72
60
59 Hi Jan
55 J'ly
85
Apr 10 60
28
25
Jan
20
Marl2
28'2Feb2o
""io
GSHzMar 1
If 8 ii2 Apr 19 97 Jan 3
30i4Mar 2
28 \ Feb 1
"""lYi 98
Jaji26 101 Mar2V
V2i
J'ly
82Hj Jau
"47" Jan"l7 '47"'^Jan3i
10534 SwiltifcCo
Unit'd
2
88 "e Apr 11
2i8Mar21
2H2FeD
""68 22 Apil8 23 Mar
1,926 64 Apr 19 71 Feb
100
National Carbon
130
103
723
100
"643s National Biscuit
Do pret
105
•125
*102
l8->4Mar22
541., J an
ii595
x'ret
Do
lis
b5
-'4
r.
pret
London & Chic Contr
Dec -04 Manufacturers' Euel
Feb '06 Masonic Temple
Apr'OG MU& Chic Brew'g
"04"
"*'i^l"'2"
12
12 >2
•40
41
42
*40
42
100
7 '4
Do pref
Chic Edison
100
06 Chic Pneumat ic Tool. 10<.»
lloi« (Jhic Telephone
100
109 Chic Title & Trust... 100
Do
2"
125j.
Co
60 Cal & Chic Canal & DlOC
Mar'05 Central Trust Bank. .100
Mar'06 Chicago Auditorium
Mar'06 Ghic Brew'^ & Malt's"
•116
•92
105 Hi 106
•120 130
•102 103
103
'i
'"iil"'i'\
I't
100
pret
Union BaK
"'iK "T-'l
12 « 12^6
•1^4
OS
100
100
100
153
5534
"64^6
Do
100
Last Sale 121^ Apr'OG
Do pref
Last Salt 534
Muy'Oo Page Woven Wire Ftnce
Do pref
Lastsale it/i^" J'iie'05 People's GasLi&C'kelOO
ioe" 10634
10'2
100
pref....
38
Last Salt ^714
Lastsale So
117
92
121
117
92
•120
Do
25
Jan '06
Mario 200 Jan 5 ISO Jan 205 Oct
" "tJi-lFeb's "71-2 Feb 17
7
""4"j"iy
Jan.
22 April 283^ J au 2 16 J'ly 28 Deo
8,865 44H2Mar
57 Aprl', 40 Oct .'-734 -Aug
I3I4 Kelj20
15
5"t..A.pr 7
e^J'ne 13 '8 Feb
155
"'281
Miscellaneous
100 2,440
American Can
25
Last Salt
132
5512 66
'65ii'66''i
100
100
pret
Amer Radiator
Do pret
Amer Shipbldg
Do pref
Amer Straw Board
Lastsale 47
Lastsale <^4
'65'>^
Do
130
Last Sale 9
66»4
Northwestern Elev.. 100
Do pret
100
South Side Elev
100
Streets WStable C 1, 100
West Chic -btreet
8
6II2
128
Lastsale 17
•65 "2
117
•91
•120
'i.iC
loo
28
7=8
COHj
•36" "38"
154
110
109
130
111
110
133
5618 57
110
•108
132
9i
]\Iru
W
38
Last Sale 108
•60
62
60
Last Sail 158
Last Sale IS
'.'".'.'.
6
b5
Last Salt IHS
Feb '06
5573 56
•55%
56
Last Sale 10(i\ Apr '06
38
112
62
"•i" "T'^
6^4
7
101
30
pre!
Do
Aj«,''06
•60
92
92
7«3
135
•36
•106
•60
•67
32
20^2
65
61
128
*
38
112
62
62
111
132 1^134
55
57
134>2 1343<
bbh. 67
•36
•99
•26
54
HI
113
135
57
'ifiH
68'>B
Do
Kans City Ky
.fa Lt ..100
pret
100
Apr'OL Jletropol
8 Kiev.. 100
'J8I4
Do pre!
100
yo
North Chic Street
100
03
'.>1
Last Sale 30
s-^
125
Gli«
•90
35
•60
92
64 "v
64
•22'" '".'".
•lOii
*H^ 7
7
15SH! •155 158
54
110
56 "a
8I4
834
64 >2 64 H;
112^4
110
•111
101
oO
67
Last Sale
Apr '00
'^1
63^2
91
•30
93
•28
•99
'26
2S;|l2
0^^
Sale
Last Sale
27
65
93
29 Is
101
30
60
65
94
834
9
..„.. .....^
•155
•60
•93
•28
•99
•25
30
101
30
•26
38 li
112
62
»60
•25" "ii"
93'e
•29
•99
56^4
r.ast
91
*26
07
•30
'25
Apr'Oi Chic City Ky
Jhic Pass Ky
"e^i "'("'f Chic & Oak Park
*23
25
Do pre!
55
5G Chicago SubwajClue Union Tract
25
•63
91
63 'f
91
28
68
OS's
68«6
32
27
60 '4
57>2
•36
•106
55^2 57
6'4
68=5.
93\ 98
^22"
•23
54
±00
100
100
iOO
iOO
19
91
-26
H:
28
STg
•
25
23
64
91
28
ti3''b
91
•26
*67<2
32
•25
60 14
65
130
135
65
•125
"•fii^""'?"
•6
I7I2
91
*26
•67
'30
•25
•60
•92 79
•28
*99
•25
100
"(i't
""6'8
25
57
5t>i4
66»2
Last Sale 155
175
Oct
Aug 6734 Deo
Aug 120 Hi Mar
Jan 80 14 Deo
Jan 120 J'ne
534 May
Apr
41
9 110
6
"9953
May
i'1034'
ApV
ioii4Jan"l7 i09"4M'ari2 101 Deo 114 Jan
6 125 Feb 16 152 Hi Jan 5 46 Jan 165 Deo
131 102 Mar 1 10634 Feb 15 86 Hi Jan 109 Hi Nor
i',d69
..100
pref
100
pref
100
100
Box Bd & P ColOO
41 Hi Western stone
1,100
2,796
15
134 Apr 6
234 Jan 12
llHiAprl4 1714 Jan 20
37'aJan20 42 Mar27
138J'ly
2
Hi
Aug 16
Feb 41
8
23
Apr
DeoA-ug
Minins
Lastsale
'i5\^
Mar'OG Adventure Con
25
War'06 Allouez
25
Mar'OB Bingham Con Mining. 50
Black M(>untain.
20
Mar'TO Daiy-Wep't
Peb'u6 No Butte
15
j38
Mar'OOl Shannon
57,
LastSa-le 56 -2
Last Sale 3534
'r2>^ "l2'-4
Last Sale li4
Lastsale
Last Sale
Chicago Bond Record
BONOS
I*ric6
Week's
lYirtay
Range or
April 20
CHICAGO STOCK EXCH'GE
Week endino April 20
Last Sale
Ask Low
Bid
Amer Biscuit 68
1910 F-A
Amer Strawboard ist68..1911 J-J
Cass Ave
FG(StD) 58.1912 J.J
<fe
Clue
Clue
Ohio
Chic
Board of Trade 48 ...1927
Consol Br<fe Mlt6s
Consol Trac4HiS
1939
Edison debent 6s
1913
J-D
J-J
J-D
J-J
/a926 A-0
1st gold 5s
Clue Auditorium Isl 5s. ..1929
Clue Dock Co l8t4S
1929
Clue No 8hore Elec 68
191
ChicS: Mil Klec Ry 6s
1919
Chic Piieum Tool 1st 5s .al921
Chic Kock I & Pac RR 48.2002
CoUat Trust g 58
1913
Commonwealth Elect 58.61943
Illinois Tunnel 5s
1928
Kans City Ry & Dt Co 5s. 1913
Knickerbcker Ice 1st 5s. 1928
L.ake Street El 1st 5s
1928
Income 5s
1925
Metr
Side El 1st 4s
1938
Extension g4s
1938
Norih Clue St l8t 58
1906
1st 5s
1909
Refunding g 4HiS
1931
W
103
F-A
A-O
A-O
87
Jan
Mar'
M-N
M-S
M-S
J-D
iVI-N
A-O
J-J
Feb
F A
J-J
J-J
J-J
9634 Jan'
'2^
Range
85-4
6
January
1
C alum et N ational
104
103
9634
Continental Nation;il.
Cook Co State Savings
Corn Eschauge Nat..
Drexel State
Drovers Dep National
Federal National
First National
First Nat Euglewootl.
Foreman Bros B'k'g Co
Fort Dearborn Nat.
Hamilton National
Hibernian B'k'g Ass'n
Kaspar state Bank
104
10334
9634
Feb'06
87
87
85
79
80
105
85
Nov'04
so'
"jo'
Apr'O'l
105 105 'k
90V 95
100 10014
99 100
98 Hi 100
93 Hi
88
90
90
..
. .
Chicapo City
Chicago Savings
Commercial National.
too 10034
102 Hi 10314
101 101
Manufacturers Bank..
Milwaukee Ave State.
Alonroe National
Mutual Bank
Nat Bank of Republic.
95
89
90
00
National Live Slock...
North Side State Sav..
Oakland National
$2,000,000
100,000
500,000
fc 500,000
2,000,000
4,000,000
50,000
3,000,000
200.000
600,000
500,000
8,000,000
100,000
500,000
1,000,000
500,000
1,000,000
200,000
200,000
250,000
200,000
250,000
2,000,000
1,000,000
50,000
F
.M-N
C Ut 68.1943
Retuniling g 58
1947
Chic GasLl&C 1st 58. .1937
Consumers' Gas 1st 58.. 1936
Mutual Fuel Gaslst 58.1947
South Side Elev 4 HiS
1921
Swift <fc Co 1st g 5s
1914
Union El (I^oop) 58
1945
Union Pacific conv 48
1911
A-O
M-S
LA
J-J
J-D
M-N
J-J
J-J
A-O
M-N
United Box Board 68
WeslChic St
Ist 58
Tunnel Isl 58
Debent 6h
Cousol g 58
West DlvCityRy
1928
1909
1914
1936
M-N
F-A
J-D
M-N
4Hi8..1932 J-J
West'rn Stone Co 5-20 58. 1909 A-O
Note.— Accruo<l interest mils
t
be
fc50,000
4434Feb2i.
Mario
1414 Mar29
1534 Feb 26
Feb 23 85 >4 Feb 23
Feb 24 6 «o Feb 2 6
Mar
7
8
W
I
Dividend Record
Jn Per1900 iod
J-J Jan
10
"i'j"
"i'J
8
6
12
6
8
8
6
12
6
8
'06,
2
'06, 5
'06, 5
Q-J .^jir '06 3
Q-J Apr '06 , a
,
y-J Apr '06 , l-a
y-J Apr '06 3
y-j Apr '06 14
Q-J Apr '06 2
Uct 16 1905
Q-J Apr '06 3
,
Began busin
1-2
Last Paiet
8
<i-3 Apr
None Jan Jan
8+5
1112
ess
.
Q-J Apr '06
10
Hi
Priv ate Ba Ilk
Q-J Apr '06, IHi
6
6
6+4
J-J Jan
'06,
4
44,(i65
15,952
276,065
Q-F b^eb"'66,"i"
J-J Jan '06, 3
6
6
'i8,6;iO Succe d.]\Ifrs 'Bk. Mar.
56,918 Began busin CSS Oct
1,012,45
1,276,294
6.563
fc50,875
Q-J Apr
12+3
6
6
ti
"»
8
5, 1906
2. 1905
'06, 1H»
Q-J Apr
Q-J .\pr
J-J Jan
'06, 3
•06, IHl
'06, 3
-J Apr
-J .\l)r
6
6
12+3
61,836
Prairie National
250,000
80,796 "1138
250,000
92 Vj 92 14 Prairie State
187,634
93 Hi 9434 Pullman Loan <fc Sav..
300,000
8
42,629
89 IOOI4 South Chicago Savings
200,000
5
762,103
6
lOOHilOOHi State Bank of Chicago. 1,000,000
113,522
99 Hi 9978 Stock Yards Savings ..
250,000
27,710 Began
Union Bank of Chicago
200,000
100 100
100
25,360 "7"
100 Apr '06
too KlO
Union Stock Yds State
200.000
Hale 120
1-20
1'20
tl20
120
Amer Trust & Savgs.. 3.000.000 2,210,506
1)01,092
tl05 Sale
5
105
10434 10534 Central Trust Co of 111 2,000,000
4
107
107
630,035
...7
Colonial Trust & Sav..
000,000
6
107 103
105 104^4 Mar'OO
56,92,
104 >4 10.->7f, Drovers Trust <fe Sav..
200,000
6
t
103 '2 Feb'06
103 Hi 103 Hi First Trnst & Savings 1,000,000 1,191,00
I03I4
10318 103', 10314
103 105''„ Illinois 'lYust <& Sav.. 4,000,000 6,726,880 l'2+4
10234 Sale 102 H< 10234
102 '8 103 '4 Jackson Trust & Sav..
66,924
250,000
20,252 Began
Kenwood Tr t& Savings
1 03 Hi 105 H>
200,000
103H 103HiApr'O6
3,72',; Incor
114 NoT'04
Live Stk Tr& Sav Bk.
200,000
165 Sale
65
65
Merchants' D'n<fcTrCo 3,000,000 3,813,535 12
CS
65
•291,428
90
90 Mar'06
750,000
6
80 lomi M ctropolitan Tr <fe Sav
Nortliern Trust Go Bk 1,500,000 1,527,544
68 Ha Sep '05
8
32,622
85 Jan 'OO
Peoples Trust So Sav ..
200,000
75
85
66 ^ Sale
65 i* 15 55
8434 Royal Trust Co
482,692 "«
63 Hi
600,000
95
93 7g 'r.,^2 Union Trust Co
680,81 :j
94 Mar'OO
1,000,000
X
241,986 "«
96 Hi 96 'i Western Trust & Sav. 1,000,000
96Hi Jan'06
3,401 Began
SidePr * Sav Bk..
200,000
added to all Chicago bond price s.
Woodlawu Tr<feSav Bk
17,940
200.000
Dividend." are paid Q-J, with extra payments Q-F.
1| lucUidujt apocial dividond of 30% d(iclaro<l Aug. 10, 1W04.
• Bid and asked prices; no sales were ma<le on this d.-iy.
t No price Friday; latest price Uiia week.
•Due Dec. 31. 6 Dae June. hDaeJaiy. ;c Capital and to be surplus m«roa«e<'
II
634 Feb 26
SOHjMar 7
7
$1,087,245
31,000
86,607
A; 72,120
1.873,388
2,022,986
3,887
3,873,740
16,089
288,844
63,905
6,220,865
117,917
6U9,470
279,443
161,982
1,076,449
A-O
No Cliic City StRy 4Hi8.1927 M-N
92^4 Feb'06
94 ^ Sale
North West'n El I8t4s...l911 .'W-S
94 >4
94
Ogden Gas 5s
95 Hi 99
97
97
1946 M-N
Pearsons-Tatt 68
100 Hi. .... lOOHiMai'06
1916 J-D
4-40S
99 Hi
99 "b Mar'06
M-8
4'608 Scries K
loo
M.N 100 Sale 100
4-808 Series
People's Gas
7
7
Outstand- Surplus
& Jn
ing
Profits
Stock
1904
NADIE
Since
87
.Oj^
104 106
".'3 Hi
93 Hi Sale
93 H
90 Hi
lOos Mar'06
100 Sale
9iiH3
100
100
99
100
16 May'05
94
94
87
88
88 Apr '06
90 Mar'06
90 Feb'06
14 >4
Mar
Mar
Mar
Chicago Banks and Trust Companies
.loo's
J-J
J-J
104
103
"iVf.
3534
1034
10
High No. Low High Bankers National
100 Feb'
103 14 Apr'
101 Mar'
103 Apr'
69 Dec
9a'8
534
36 "2
'06. 2
'06, 2
'06, 1>4
'06, 'J
QJ
Apr
Q-J Apr
4
8
None
Mayl,
191'
None Q-J Apr
Apr
8
5
'2
5+5
6
12
'00, l^a
'06, 2
Q-J Apr '06, 134
y-j Mar '06, 2H»
Q-J \pr
+'4
'06,
IHi
.Vpr'obV'i"
None
Jan
3.
poratc
12
6
8
"e
"6
190
d M arch, 1905
Q-J Apr '06, 3
J-J 1)00 '05, 3
Q-J \pr 'Oe, 2
FA
Keb
'06,
3
Q-J .Vpr"'66,"i*4
basin P88 Sep 6, 1908
Q-J Apr
'oe,
1^
BOSTON STOCK EXOHiTOE -Stock
!4lia.r«
Moniiav
April 16
Saturday
April 14
•9iH
•esog 937g
93»g
—Not
Per Centum Prices
Prices
Tuetdav
April 17
STOCKS
Wedne»d<iy
Thursday
April 18
April 19
April 20
Jirnnge /or
8uUm
BOSTON STOCK
Fridaij
Weekly and Yearly
Record, Daily,
of
S^ar
Raiige /or I^etiout
1906
the
Yemr (1905
Week
EXCHANGE
Utgheat
LoweKt
Sharei
Knilroniln
9334
92 Vj 92 lu patriots
8934
893, Atch Top A Santa FolOO
250 8S78Mar 5 9G7gjanl3
103 « 102'4l03>4
DAY
101
101
Do pref
100
41101 Apr20|l054Jan 3
255
255 255
255
Boston & Albany
265
100
126 253 Jan 10:2574 Feb 19
158
158
Boston Klevated
158>a 158 158
100
203 154 Ma: 5 100 .Tan 10
•244 245
245
244
244 Boston* Ivowell
100
53 240 Jan 312464 Apr 2
179 »-i 179 179
V,Q
179 4 Boston & Maine
100
410 172 Jan 2ll8(i4Apr 2
•175 ....
Last Sale 175
Apr '06
l>o pref
100
173 Mar23'l75 Jan 9
•313 ....
Last Sale 313
Apr '06 Boston & Providence 100
311 Jan 13 313 Feb 10
38
38 Boston&Wor Eleo Co...
38's -384 40
165 25 Jan 17 .•J9 4Apr 7
•88
90
i'O
Last Sale S9
Apr'06
Do pref
724 Jan 16 90 Apr 7
168 •
171
170 Chic June By & U S YlOO
166 -Mar 5 182 Jan 12!
•123 125
124
124
Do pref
100
122 4Mar26 127 Jan 16
Last Sale ISy
Apr '06 Con A MoutCla88 4..100
)«9 .Mar 1 190 Mar24,
Last Sale 1<>3
Apr'06 Conn & Pass Rlv pref 100
It;;!
Apr 6:163 Apr
Last Sale Vy74 Apr'06 Connecticut River... 100
'J98
297 4 Apr
Apr 2'
I43>al43iv 143 144
Fitchuurg pref
100
140 4 Mar 7 145 Jan 3(
Last Sale 104
104 ....
104 ....
Apr 06 Ga Ry& Electric
100
95 Jan 8 102 Aprl2|
*H2i2 95
•92 "a 95
Lastsal' 94
Apr 'Ob
Do pref
100
92 4t'eb ^ 95 Jan 2
198 198
Maine Central
100
10 197 Mar27 198 Apr 13
19i« 191s
1934 1934
19
Mass Electric Cos
19
100
605 17 Jan
207eMail4j
•67
66
66
66
Do pref
67
loo
394 59 4 Jan 2 704Marl4,
•25H 261* *2ii4 251. Last Sale iii4 Mar'OO Mexican Central
100
24 4Mar27 25 '4 Jan 9,
1U9 199 Sj 199 19912
198
1 98
N Y N H <fe Hart 100 2,064 190'8Jan 3 20714 Jan27|
Last Sale 163
Apr '06 Northern N H
100
160 Marl7 163 Feb Tj
Last Sa Le ^3«4 Apr'OU Norwich & Wor pref 100
230 Jan 16 233 4.MarlO:
210 210
210 210
209 4 209 Old Colony
IGO
99 207 Feb 6 210 Jan 15
Last Sale lOl
Oct '0 Pere Marquette
100
65
Last Sale 54
57
Do pref
Mar'OG
100
50 Jan 15 57 Feb 201
Last Sale 58
Apr'06 Rutland pref
50 Marl4 64 Jan 4'
>00
•7412 78
744 744
744
744 Seattle Electric
100
55 65 Jan 10 80 Mar 2;
100 100
100 100
99
lOU
Do pref
100
63 95 Jan 10 106 Feb20j
15738 158 1« 15514 15678
151
15338 Union Pacilic
100 5,227 rl4734Eeb21 1604 Jan 24
94 12 94 Sz •944 954
94'8
95
Do pref
100
27 94 4 Apr 17 9934 Jan -2
LastSale 178 Apr'06 Vermont & Mass
175 Jan 11 178 Apr 4
100
9934 100
994 9934
994
994 West End St
50
252 x98 Mar23 101 Jan 2
'
116
116 116
Do pref
116
50
55 112 Jan 3 1161a Apr 9
Last Sale 31
Oct '05 Wisconsin Central. ..100
LastSale 156*
Oct '05
Do pref
100
LastSale 150 Apr'06 WoicNashife Roch..lOO
150 Feb 5 150i3Febl6
9334
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102*2
254>«254>4 254 U 255
255
166 16t)
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15818159
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Dominion Iron & St
East Boston Land. ..^
2484 Edison Elec IUuin...ib6
General Electric
100
474 Mass'ohosettsGaeOoslOO
8634
Do pref
100
Mergentlialer Lino.. 100
43, Mexican Telephone.. 10
14034. N E Telephone
100
169
•44
44
14034 14034
14034
14 LastSal^l
1% *
Jan '06 PlantCom t'st sU; comlOO
10
10 •
LastSale i54 Sep '05
Do pre!
100
'233
•
474 474
86*4
^44 434
1404141
10
170
169
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8634
'193
239
*
24S4 248 4 2484
170
83
95
IT'i
May
152
Nov 1584Apr
123 Nov 132 Fell
186 Jan I8934 Mar
160 4 Jan 167 Aug
:^85
141
Jan
Jan
Oct
86
175
13
55
1934
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-66
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16
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82
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2054 Jan
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52 4 Dec
164
232
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154 164
73b
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1938
134
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304 314
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224 224
84 S»4
54
1178
67 4
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13
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12i» 12I4
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16^4
1278
17
109 <
41}^ 42
394 40^
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106 108
106 1064
109
164
^
82
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12
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139 4139 4
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14
138
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138
HJetorepay'tolMseas'tsoaUedia 1906
10513
38
384 394
105
124 124
014 6234
464 47
63 4 644
84
84
1
4234
1084
104 41064
2379 Dec
2154 Sep
I6734
May
214 Jan 314Sep
554 Ann 60 4 Sep
Mar 151 Nov
146
237
10
106
255
8,16
990
6,535
264
3,374
187
112
104
23 Jan 3 34 Jan £7 194 Jan 29 4 Apr
92 4 Jan 2 102 Jan 26 86 Jan 964 Sep
11 Jan 3 29 Mar21
44 Apr 15 Dec
30 Jan 4 46 Apr 2 20 Jan 364 Deo
1364 Max 6 15678 Jan 8 1304 Mav 154 4 Deo
1364Aprll 141 Jan2u 132 Mav 140 4 Aug
13534 Jan 8 14478 Jan 17 130i4Dec 148 Jan
41 Apr 20 4734 Jan 24 21 Jan 47 Nov
*103 Jan 3 11034 Feb 2 924 Jan 109 Mar
4i4Feb21
3 14 Mai
334 Jan 11
434 J'ne
11634 Jan 8 11834Marl2 116 Aug 124 Jan
26 Jan 4 34 Apr 3 17 Jan 28 Dec
Jan 31
5^8
1,975
142 240 Jan 4
184 166 Mar 5
361 46 Jan 18
1,079 85 4 Jan 3
25 190 Mar23
3 Jan 2
235
245 132 Jan 2
1
Jan 16
9=8 Apr 11
54J'ly
Jan 13 39 Dec
1804 Jan 9; 169 4 Mav
53 Feb 10 384 Jan
8738 Feb 15
SO 4 Jan
198 Mar 9 tlS5 4 J'ne
5
Feb 24
1
Feb
141 4 Apr 6 131 Dec
1^16 Jan 15
1 Feb
250
734
Jan
Apr
257
191 Jan
5178 Aug
884 May
Apr
206
II34DBO
1404 Apr
234 Jan
10 Jan 17 Jan
230 May 258 Oct
8 4 Jan 104 Feb
100 Dec 114 Jan
18 J'ly 23 Jan
25 May 27 Aug
44 Aug
2 4 May
103 Apr 115 Feb
Pullman Co
100
Reece Button-Hole.. 10
Swift* Co
Aug
90
34 4 Aug
57 Dec
117 4 Apr
434 Deo
107
•67
Dec
4 Jan
22 4 Feb
104
92
100
Feb
Mar
Oct
Miains
•7
74
3934 404
11034 113
•9
11
••62
92 Oct
96 Nor
192 Dec
23 Apr
70 1|
233 May
212 Apr
102 Feb
87 Feb
50 Apr 72 Jan
50 Jan 67 4 Aug
93 4Jai) 102 Sep
113 Jau 151 4 Dec
95 Sep 101=8 Feb
172 Jau 150 Oct
93 Jan 102 Sep
110 Dec 117 4 Apr
Dw
'
Aug
Mar
Jan 300
Dec 148
594 Jan
89 233 Maxl7 246 4 Jan" 2
94Janll 104 Apr 3
30
100
393 2102 Jan 16 10!i4Mar 9
•
23
LatiSale 2ii\ Apr'06 Torrington Class A.. 25
22 4 Jan 11 23 Feb 13
•2534
Last^Sale 86
Do pref
Ajr'06
26iaMar29 26 Jaa 22
25
*24 3
'24
CTnionOopL'd&Mg. 25
2i4Feb20
3
234Jan22(
lOU
1071a 108
1074 1074 United Fruit
100 1,636 103 4 Jan 2 110 Jan 27
834 844
S3 Un Shoe Mach Corp. 25 2,1S^2 73 Jan 10 867gFeb 1 67 J'ue
821a
30i«
304 J>94
304
Do pref
25
477 30 Apr 5 32 Jan 27 j;3C78 Dec
Last S^.i« *S7g Feb "06 U S Rubber
48 7g Feb 19 541a Feb
100
34.^a Jau
Do pref
LattSal* 112Bf Mar'Oe
109 4 Feb 24 113 4 Jan 13 9878 Jan
100
424 434
417,
100 18,381 3834Mar2I 464 Jan 2o 247jMaT
433a U S Steel Corp
1077el<'V'8
Do pref...
100
1071a 1073^1
918 1044 Mar 5 1134 Feb 1 91 May
••45
•60
...
50 West End Land
25
600 40 Jan 26 50 Jan 15 •40 Mar
134 134
IS
West Telep & Teleg.lOO
13
50 12 Jan 2 17 4 Jan 18 11
894 894
•68
Do pref
90
100
76 89 Apr 14 98 4 Jan 19 90 Oct
824 83
81
81 Westing El <& Mfg.. . 50
50 78 Mar 1 86 Feb 7 82 4 Oct
•85
96
LattBale 90
Do pref
86 Apr 2 98 Jan 11 91 May
Apr'06
50
8
40
Mar
z24l May 249 Mar
170 De>5 185 4 Mar
171 Jan 175 Apr
305 Jan 311 Dec
134 Jan 35 Mar
634 Jan 82 4 Apr
160 Jan 182 Mar
8 4 Apr 4
5 Jan 10
25
t234M»y
4 Adventure Con
846
40
4034
4034 411,
40
394AIlouez
R9
25 2,585 35 Mar 6 47 Jan 9 18 Apr
113 II4I2 114 1154 11278 11434
1084 1104 Amalgamated CopperlOO 66,819 9934 Mar 5 118 Febl3 70 Jan
•10
11
11
*104 11
10 April 1634 Jan 8
LattSale 10
8 J'ne
Apr'06 Am Zinc Lead cfe Sm. 26
691a 6yi2
70
70\
25
254 May
, Anaconda......^
..,„
47 a;6078Jan 5 74 Feb 1
•3I2
4
334
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334
4
34 4
Arcadian ..„»..
6 Jan 8
1 May
3 Mar 5
26
34
9\
812
lis
1^8
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•14 14 -14 14
l'._
Arnold
1
Mar30 2 Jan 3 •45 J'ne
1
1
25
500
21 12 21.^,
21
214 20<4 2034 20
20
Atlantic
lSi4
25 1,905 194 Apr 20 284 Jan 6 12 la May
194
Syia 40
3934 41
39
40
384 394
37
38 Bingham Con Min<6; S 50 6,520 33 Jan 26 49 7g Feb 14 28 May
••60
-70
*-60
-70
•60 -70
•65
^65
•60
•65
Bonanza (Dev Co)... 10
Jan 10 75 Maris •50 May
HJS
28,
2334 23=4
2334 24
234 23»s 23 4 24
22T,
534 Jan
234 Bo8tonConC<feG(rots) J£l 3,990 20=8 Mario 33 4 Jan _
1174120
119 1194
116
116 Apr 20 120 Apr 17
116 Calumet & Ariz
10
480
7<M>
705
705 714
710 710
705 710
700
700 Calumet <& Hecla
25
298 680 Mar20 715 Jan 15 601 J'ne
•10
.^LastSale 10
rob'Oe Catalpa (SUver)
10
Feb 8 •12 Jan 12 •10 Mar
264 27
27
274 27
27
2534 2534
25
25 "2 Centennial
26 i',410 23 4 Mar 7 32 Jan 12 1608 Mar
•
6
8
93''8
99 4 Jan loss's Sep
253 Dec 261 Apr
Miscellaneons
•231a 274
9473 9478
2473 264
SSM
LastSale 27
Apr'06 AjnerAgricul Chem.lOO
944
Do pref
941,
100
2178
25 Amer Pnou Serv
50
43
42
434
43 'l
414
Do pref
50
411a
141 la 14212 1383^ 1401a
1367g 137 7e Amer Sugar Refln
100
137141374 *1374138
13634 136''4
Do pref
100
138 1384 138 1384
1374 1374 Amer Telep & Teleg.lOO
*4234 43^2
4234 423.
41
41 Amer Woolen
100
107141074 107 1071a
10678 107
Do pref
100
LastSale 44
Feb '06 Boston Land
10
•2734
li*
*
*
434
Highest
Lowest
1034
7
Brov'05 Central oa
25
^63
Cons Mercur Gold... 6 "691 •61
8O34 Copper Range Con ColOO 10,342 17834
154 Daly. West
25 2,087 544 Mar 5
604 Mohawk
334 Montana Coal <& Coke 25
34Mar21
354
6 16,615 11
'A9°8 Nevada Consolidated
Jan 26
16 37,801 7434 Mar 6
884 North Butte
Old Colony
1
25
1
Mar23
300
25 2,670 35 Jan 2
434 Old Dominion
26 4,417 93 Mar 7
1074 Osceola
Parrott(Sav<fc Copp) 10 5,195 3434 Mar 5
384
Phcenix Consol
78 Apr 17
26
I
150
25
10*4 Quinoy
089 85 J)i& 5
Rhode Island
434 Apr 20
6
26
900
134 SantaFe(QolddfcCop) 10
895
1 4 Mar29
5 '4 Jan 10
7»4 Shannon
„
10 16,713
Tamarack
26
58 xl07 Janl?
ll^Tecumseh
25 1,115 104 Apr 20
48 Tennessee...^...
. 26
200 424 Mar 5
11 Trinity
661s United Copper
Do pref
4578
62
8
63
8
644
7,637
12,860
Mar'Oa
124
694
734
1384
'II4
7
20
100
100
Dominion Coal
Utah Con (Gold)
6
Victoria
734 Winona
1384 Wolverine
14Wyandot.
(JBeforepay'tofawese'tsoaUediniayi.
'
26
25
26
25
-
UidauUawiteO.
»
200
0,879
3,888
9,274
Jan 30
9
Mar
63
88
11
51
Mar
5
43 Mar 5
56 4 Jan 2
638
321
410
6
193 131
100
14
New stock,
5
Jan 9
Jan 2
f
Jan 2
Feb 9
Jan 30
Feb 17
4 Sep
104 Oct
49 Oct
1114De<!
1534
Deo
73 4 Deo
7 Nov
3
Nov
287eOot
37 4 Dec
95 Oct
35 Dec
720
Deo
Oct
34 4 Oct
•20
84Jan
May
864 Dec
18 Jan 6 11 4 Mar 22 Nov
84 Feb 13 60 Jan 8634 Mar
122 Marl9 113 Jan 120 Deo
234 Jan 12
2 May
4 Oct
21 Feb
8 Apr 20>«Oct
1 3!% Mario
6
Jan 10''»Deo
iil^4 AprlO
2034 J'ne 32i«Dec
Jan 22
86 4 Jan 20
870 14 Marl9
150 76 4 Jan 16
Do pref
16 120 Jan 23
Blm River
2
12
2 Feb 23
470
174*'ranlclin
26 6,417 I634 Jan 6
Qranby Consolidated. 10
939 Jan 17
123,
960
30 Greene Consolidated. 10 11,715 25 7^ Jan 29
Guanajuato ConsoU. 6
44 Jan 5 V4Janl"
64
200
83 Isle Royale (Copper). 25 3,265 21 Mar 6 29 38 Jan .
Mass Consol
26
8 4 Mar29 12 4 Jan 13
|J4
797
'26
14 Jan 4
,.,,.. Mayflower
600 •50 Max23
Michigan
13 Feb 16 17^ Jan 3
26 1,142
li
79
123
26
100
100
124 UnitStatesCoaJ&Oili25
603^ U S Smelt ReLdiMln. 50
464
Do prer
60
LastSale 98
6
Jan 2 70
Mar
1
•3(1
Mar
•76
61 Jan
17 4 May
6
•70
May 13 4 Mar
J'ne
10 4 Jan
48 May
178 Oct
18^ Deo
Dee
2 J'ly
64 D*
104 Dec 13 Deo
34 Aug 93 Deo
21^00*
I'sJanll •75 M*y
47 4 Feb 20 234 May 364 Deo
109 4 Jan 8 88 Feb 116 Oct
48 Jan 2 22 J'ne 47 Dee
14 Jan 4 50 J'ne 34 Jan
114 Jan 11 95 May 118 Jan
8 16 Jan 19
14 May 878 Oct
2»8 Jan 16
3 Jan
1 4 May
6234
AprlO
74 Fob 13
6434
Apr 18
923* Apr 16
20
9 Jan
6!^ Feb
84 Apr 16
122 Jan 2 101 May 140 Mar
2 Feb 164 Oct
16 4 Jan 8
52 Jan 6 24 7g J'ne 6334 Deo
738Jan 13'>8Feb
121a Apr 5
9 Mai 76 Deo
78 Feb 7
111 Feb 21 744 Nov 88 Deo
14=8 Mar30
94 Apr 13 »4 Deo
66 Jan 20
47 4 J an 20
6934 Jan 12 393b Mar. 68»8Nov
9 14 Marl 4
May t74 0ct
c2
10 Marl9
7 4 Dec 151a Feb
51 Mario 105 Jan 134 Deo
134 Jan 26
27gFeb
14J'ne
A**'tp»id. |iilx-riglit«. »ai-<Uv.(»rl«kt»
Boston Bond Eecord.
APR. 21 1906.]
Bonus
^ .2
BOSTON STOCK EXCH'GE
Week Khding Apbil 20
Week's
Last Sale
Range
Ask Low
Bid
99 14 Sale
92>ijSale
1908 JA.m Bell Telephone 48
AmTelepcfeTelcoUtr48.192Sl J-J
J-J
Am Writ Paper 1st s t os g 19 IH Wl-S
Atch <fc Nebraska 1st 73.. 1908
84
104
X
48.. ..J'ly 1995
ElecCLlgUtlst 6s. 190S
1924
1907
1916
48.
1944
Boslou& Mame4i2S
Boston Terminal 1st a'liS. 1947
1918
Bur&WoRlv ei6s
1918
Non-exempt 6s
1910
Sinking lund 4s
1917
Butte & Boston 1st 6s
Cedar Bap & Mo R Ist 78.1916
1909
2d 78..:.
M-N
87
W
S9
103
100
1041^.
F-A
9934
124
122
100
101
J-D
J-D
A-0
A-O
ifeQ coll tr 4s 1921
J-J
1921 Q-J
Be&i8t«red48
Hi
99=8
98
94 -a
981a
991^
124 "4 124 14
101
105
106
97
100
106
97
101
IftOislOl
IO212IO2I2
13'7
I3718
If.
987e Sale
98^2
NOTB>— Buyer pays accrued interest in addition to the
Since
January 1
Ask Low
100 V, Idl
loo 101
J-J
A-O
A-O
AG
KtO
101
99
Hi (III
Feb '1)6
'.Oj
Le^o
JI)
100
93
121\123'»
93
94
IO410 1041a
99
94
104
94
A-O
lOlVj.
1st 7s.. 1907 J-J
99
piircha;se prloe for
aU Boston Bonda.
No price
"
Friday
120
Sale
173,
102 14
101
75
84
25^8
T173-''8
23'^
Aug'05
J'ne'Oa
102112
971-3
100^12
98
Aug'04
98
Oct '05
97it2lOO
10112 Feb '06
102^4 Nov'Oi"
106^4 Apr'06
latest bid
;
99 >a
'();'•
lOli^lOlia
104" io7'"
11121*6^12]%
103
103
98
105
98
109
100
100
104-'58lllO-»'8
and asked.
155
154
109
11034
119718^10018
102S8
102-»8l023g
102
1021a 10278
lOOHjlOSia
1-!
36 '9ii^ioi34
gssgioiis
la
100
H? 106
94
Hi Feb'OC
10114 Apr'06
120 Hi Sep '04
101 14 Sep
118 Ma\ '04
80
SO'e
24
24 H;
]-.iia.
99
SVI-S
101
Apr '06
Apr 'HO
i2'iii".I!i;
Wl-S
10114:
98
105
1051- Mar'OO
M-N
Jfifi/i,
101
100
1001-2 .•\.pr'ii6
128 's J'iie'04
--J
1924 F-A
10414 J'ne'04
Old Colony gold 4s
moi'eJan'Oo
Oreg By & Nav con g 48.. 1946 J-D
1112138 Mar'06
1922 FA
OregShLine 1st g 6s
103 Jan 'OS
Repub VaUey 1st s t 6s... 1919 J-J 103
107 12 Nov'05
Rutland lat con gen 4i2S.1941 J-J
Butland-Canadian 1st 4s 194 9 J-J
102 Mai'02
98 100
98 Mar'06
SavannaliElec lstcon85s.l952 J-J
1930 FA 105 lOiJ 106
Seattle Elec Ist g 5s
106
Terro Haute Elec tx 5s
1929 J-J
102 Dec'O."
Torrington 1st g 5s
1918 M-S
100 Jan '06
lOlSgFeb'OG
Union Pac BB <fe 1 gr g 4s. 1947 J-J
1911 WI-N 153 12 154 1-2 nso Feb'06
Ist lienconv 48
United Fruit conv gen 58.1911 M-S 109 110 10934 Apr'06
llOQis 11100 19
U S Steel Corp 10-60 yr 58.1963 M-N
West End Street By 48
1915 P-A
102 Apr'06
1914 M-S
10534 Oct '05
Gold 41^3
1916 M-N
Gold debenture 48
1023&Jan'O6
Gold 48
1917 FA
101*4 Mar'06
Western Teleph <fe Tel 58.1932 J-J 100 Sale 100 1^ 101 12
Wisconsin Cent 1st gen 4sl949 J-J
11941^ Sep '05
Wisconsin VaUey 1st 7s. .1909 J-J io9'4I!!]; 109 «8 Aug'05
105^107
103 J8 Apr'06
102 Ha Mar'06
13719 137
140 Apr'05
98 ^s 111001,2
99 Mar'Oe
100
99=8
97 Jan '06
lOOWlOO^s 100 15 Apr'06
100 14 Apr '08
100 >4
103 Hi Sep '05
M-S
101
100
124^4 Jan '06
IVI-S
'87" "90"
10(»i.jl05i^
11214 Jan '03
106 Feb '06
99
99 'g
100''g
126 Keb'05
109 Nov'05
101
101
109 Vj Mar'02
FremtElk<fcMoVlst68..1933 A-O 136'4
1933 A-O ISe^j
Unstamped 1st 6s
GtNor C B
Fob '06
105 lo 106
994! 99 Hi Apr'06
A-0
IM-N
99
"2
IIII4
Range
Range or
Last Sale
Maine Cent cons 1st 7s... 1912 A-O
1912 A-O
Cons 1st 4s
Marc Hough & Ont 1st 6s. 1925 A-0 115
80
Mexican Central cons 4s. .1911 J-J
Jan 1939 J'ly
Istcons inc3s
Jan 1939 J'ly
2d cons inc 38
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 5s 1929 J-J
1929 F-A
New Eng Cot Yarn 5s
1906 A-0
New EngTelephOs
1907 A-0
68
1908 A-0
63
1915 A-0
5s
New England cons g 58... 1945 J-J
1939 A-O
Boston Term Ist 4s
114
111
105 Hi Sale
J-J
WIN
M-S
KanCStJo&C B
114
105 ''sNov'Oo
100 Mar'06
105 Jan '06
99 =B Jan '06
93 Mar'06
.
J-J
A-0
.
1-3
J-J
ChM&StP WisVdiv6sl920 J-J
Chic <fe No Mich 1st gu 58.1931 M-N
Ist4s...l946
DetGr Bapcfc
Dominion Coal 1st s i 58. .1940
1906
iBt gold 6s
Eastern
1908
FitchburgSs
1915
4s
1927
48
101
.
M-N
W
'.,
.
.
WI-K
iW-S
Mich gen 58.. ..1921
Cliic <fe
Concord <fe Mont cons 4s.. 1920
Ooim <fe Pass K Ist g 4s. ..1943
1927
Ctirrent Klver 1st 58
. .
95
.
llQia.
102
99
A-0
W
101
't
103 I4 Wa,y'05
114 Mar'06
112 2 Jan '03
111 Apr '06
102 Sop '(()
99 "a Apr '06
100 J'ne'Ol
129 J'ue'05
111 'sJ'ly'Oo
88
88
109 May'05
J-J
F.A
J-J
J-J
J-J
1913
1922
1927
1921
8 1 48
B& S
1949
IUinoi8Div3i2S
Joint bonds Sec Gt Northern
Chic JcRyA Stk Yds 58.1915
CoU trust refunding k4s1940
ChMUcfe StPDubD 6s.. 1920
'di
Miu'dO
95
J-D
J-J
Debenture 5s
Denver Exten 4s
Nebra-slsa Exten 48
deben 5s
1910
Non.couTertdebPU n.s...l913
la Falls A Sioux O 1st 7s.. 1917
Kan C Clin & Spr l'3t 5s. 192.">
Kan C Ft S & Gulf Ist 7s. 1908
1928
Kan C Ft Scott c& M 6s
1934
KanCM<fe B gen 4s
1934
Assented income 5s
Kan C <& M Ky cfe Br 1st 5sl929
Illinois Steel
110 Feb '04
104 v Apr '00
1919 .\.0
1st 4s
101
.\I-S
J-D
Cent Vermt 1st K4s..Mayl920 Q.F
C B <fe Q Iowa Div 1st 58.1919 A.O
lowaDiv
^i
E.NUING APRIL 20
Bid
W"^
92^2
88"^ Jau
ii(ih
WEEK
Week's
Price
J'Yidav
April iO
BOSTON STOCK EXCH'GE
or
Jiiffli
Sj
>«
104
95
MS
Boston
CoBsol Ss
Boston & LoweU 4s
98
92
85
10034 101
AtcUTop&SFeseng43..iy95 A-O
Adjustments
IJONUS
J*rice
April JO
a,
919
U Flat price.
PhiladelpMa and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
Share Prices—Not Per Centam Prices
Salurdafi
Monday
Aprill4
Aprilie
->86
30 14
8014
•bgia'Soii
»17
18
Ttiesdav
AprUl?
85
101
85
101
*30
'
101
3018
*59iu
*17
ACnVE STOCKS
Wednesday
TMirsdctfi
AprillS
ApHl 19
85
101
85
101
.101
85
101
lYiday
ApuiiaO
'30
^89
•69
*17
18
Stocks see below)
Range lor PreviavA
Year (1905)
Week
Lowest
Highest
Mighest
Lowest
125 83 -a Jan 3 89 Mar 1
50 101 Apr 10 1071a Jan 29
275 291a Feb 9 32 Jan 17
89iaJan.22 9134Mar30
60 Jan 23 62 "a Jan
400 15 Jan 8 19 Jan 15
100
50
31 Seaboard (new)
100
91
100
Do Istpref
60 "i
Do 2d pref
100
1715 United By & Electric. 50
'1T\»
1734
the
oJ
Shares
Baltimore
*84i« 85iu Consolidated Gas
*100>«101i« Northern Central
30^8
Range lor Year
1906
Sales
CFor Bonds and Inactive
May 90 Apr
May 11034 Sep
34 Deo
83 Mai 91 Hi Nov
477g Jan 64 Dee
12 la Apr 18 Mar
83
99
211a Jan
Philadelphia
53 14 531;,
36 14 36 14
11*4
ll»4
10
531a 54
36I4 36^4
11=8 1134
10
10
109
77
10
41
2014
2II4
109
110
77
109
76''8
703,
60
50
818
28111
6918
•4434
'4878
7016x8
60
8^8
8^18
28ii2
28*4
69 % 68IS18
451,2
63
49 12
63
94\
»29
77112
40
531a 5334
35 's 36
ll^'-
lli-j
2118
10812 1081-j
761a 77
258
7II4
71
2«8
7134
49^4
49 a4
2=f,
8I4
2834
*28i4
69
68«i8 69
•4514 451a
*48i4 4334
*63
631a
9434 9478
^s
43 3g 43^8
*48Hi 49
9434
40
21
3612
50
2'>8
70^
54
03 lo 6334
9434
9434
Rid
Inactive Stocks
Allegheny Val pref. ...50
American Cement
10
Amer Gas of N J
100
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
ConsolTracof NJ...100
Diamond State
28i-i
21
109
74
*20
107
21
109
7213
73
35
UI4
*40
20
21
107
'105
74I4
72
48
10
Baston Con Electric b.bO
Eleo Storage Batt
100
Preferred
100
Pt Wayne
100
Uermaniown Pass
50
IndianapoliH St
loO
Indiana Umon Tr
100
Insurance Co of N A.. 10
Inter 8m Pow & Cheni.50
&WV
Keystone Telephone ..60
60
8I4
451-.!
43
48
^'^^8
62=8
9409
271a 2814
62*4 66II10
4514 45-4
49
»45
•48
6318
93=8
6318
9434
93
*30
9434
49=8
80
28
76
'56'"
.....^
Mlnehill
<fe
E & A 1st M 53
Elec
28
28 1«
14>a
16
39%
67
16
Bailways General
10
Bnaqnen Iron <fe Steel..
Tidewater Steel
10
Preferred
United N J BB & C. 100
Unit Trac Pitts prof. .60
Warwick lron& Steel. 10
West Jers('y & SeaSli.50
Weetmoreliind
105
48=8
99
61a
1
10
Tonopah Mining of Nevl
Union Tr of Ind
100
Coal.... 50
WUkes Gas A Eloc.lOO
..._.
21a
18
261
6I4
94
GO
1920
& Peo Tr atk
II
PHILABEIiPHIA
P & E gen M 6 g '20. A-O
Gen M 4s g 1920.. A&O
Ph & Bead 2d 58 '33.A-0
Ask
10'^
102
"a
M-N
tr ctfs
Gas-L 1st g 58 1928
<fc B Top con 58 '26 A-O
Indianapolis By 48.19S8
Interstate 48 1943 ..F-A
Lehigh Nav 4ia8 '14. Q-J
BBS 4b g
1914. Q-F
NoOhioTrao con5s'19. J J
100
No Penn let 48 '36.. M-N
Penn gen 6s 1910.. Var
fi; Consol58r r1919. ..Vair
Penu <fc Md Steel con 6a.
Pa <fc N Y Can 78 '06. J-D
Con 68 1039
181a
A-O
Con 4s 1939
A-O
'264"'
Penn Steel Ist 5a '17 M-N
People's Tr tr certs 48 '43
512 P Co lHt<fc col tr 5s'49 M -S
Con<fecoltrf)Sl951M-N
Phil Elec gold trust ctta.
Trust cortifs 4s
300
100
084
,573
Bid
P
3034 Jan
11 la J an
9 la Jan
1071a
111 Ill's
100 loo's
107 14
"a
103
111
104
Terminal 5s g 1941. Q-F
124
W& B By let48 1930.
J-J
58
U Trac Ind gen 58'19. J-J
Un Bya Tr ctfa 48'49J&J
U Trao Pit gen 5s '97 J-J
Welsbach s f 58 1930.J-D
Wlks-B Q&E con58'55J-J
88 14
115
72
103
UAIiTIiUOKE
Inactive Stocks
69% 70
Ala Cons Coai<& Iron. 100
00
9U
176
Atian Coast Line BB. 100 160
Atlan CoastL (Con]i)100 360
Canton Co
90
100.
Cons Cot Duck Corp 50
Preferred
60
Georgia Soa& Fla...l00
35
1st pref
100 100
2d pref
84
100
G-B-S Brewing
9
100
Pref
100
AOaata <fc
1910 A-O
Sub 1st 5s. .'22 J-D
City& Sub(Wa3)lst53'48
City <fc
125
Coal <fe I By 1st Ss '20F.A
ColifcGrnv I3t6s.l916 J J
Consol Gas 63.. .1910 J.D
105 14
58
1939 J-D
99
Ga<fe Alalstcon 5s '45 J-J
89
Ga Car & N Ist 5s g '29 J-J
115>a Georgia P 1st 6s. ..'22 J-J
73
GaSo & Fla 1st 68 1945 J-J
104
G-B-SBrew3-4s 1951M-S
2d income 53 1951 M-N
Knoxv Trac Ist 58 '28A-0
LakeB El 1st gu58'42M-S
70
9334
Charlotte. . 100
109
10314 108
"a
114
102
46
101
90
1021k
10«38
106 "a 107
981a 99
Series
«'Jl4
(.91a
| $7.50 paid.
115
paltl.
t
$10 bwO.
68 192(>
UEl
L<feP l8t4ias'29
Un By &
9314
ioti'ia
J-J
1997.JJ
M-N
lil Ist 4s '49 M-S
Income 48 1949
J-D
Va Mid lat fis 1906.. M.S
2a aeries Os 1911. ..M-S
3d series Oa 1916.. M-S
41I1 Hor 3-4-58 1 921 .M.S
.
51 li series &s 1926. iM.S
Vii (State) 3s now '32. J -J
112
Fiinddobt2-38l991.J.,)
WcHt N C con Os 1914 J-J
WCb Va CcfeP l8t Og'll J J
Wil & Wold 58.. 1935. J J
$20 paid,
o Booeipts.
U3
Cent'l Byoon58l932 M-N
Kxt<fe Imp 58.1932 M-S
1
B
Un Trao 58
Poto Val l8t 5s 1941.. J-J
Sav Fla<feWe8t53'34 A-O
Seaboard A L 48 1950 A-O
Seab & Boan 68 1926. J-J
South Bound 1st 5s. .A-O
120
102
Bait Trac l(rt 5s. .'29 M-N
No Bait Div 5s 1 942 J .D
Convertible 5a. '06 M.N
^
102
116
Jan
20I4
Mar
5^4
Jan
73-8
55 14
Aug
Nov
121a
Apr
i36 Apr
7113l6N0V
47 '8 Aug
501a
Hj
6
?25 paid.
Nov
OSiiOct^
12638
31
Apr
Nov
Ask
104
95
96
117
114
113 114
104 Hi 1061a
1041a 1051a
114
1063.
107"
lllia ll'^i<
110 111
110 111
120
1131, 114
61
eiia
341^ 35
105
106>g
115
116 iVs"
85 "a 861a
96
112
116
I
49
123 la Nov
901a Nov
108
110
118
118
112
112
114
88
Pitt
914
Apr
DiM
lesg Feb
1714 J.ia
Norfolk St l8t 5a '44. .J-J
North Cent 4ias 1925 A.O
Series A 58 1926. ...J-J
92
9915
BaltCPasslatSs'llM-N
Bait Pundg 68.1916 M-N
Exchange 3 las 1930 J-J
Ball & P Ist 6h in '1 1 A-O
II8I4
10184
lat os.
Incomes
104 >s 106 la
103
110
90
91
106
110
106
MetSt(Wa3h)l8t5s'25FA
Mt Ver Cot Duck
32
Npt N&O P l8t6s'38 M.N
General 6s.... 1941 M-S
Bonds
Ana«OBtia<& Pot 68
Atl& Gh let 7... 1907 J-J
Allan C L BE4a 1952 M-8
Atl Coaat L(Ct)ctf8 68 J-D
Ctfs of luuebt 4s
J-J
6-20 yr 43 1926
J-J
A ext 5s. '09 J-J
2d 78
'21.
5414
Bid
Chas City By 1st 5s '23 J-J
Chas By G <fc El 53 '99 M-S
Charl C cfc
M 4s g '47. A-O
1-2
BALTIMORE
Ask
1141a 115
Boch By<fe L con 5s '54J-J
»7
3734
121a
f
11534
col tr
5
2
''i
Portland
12615
J-D
J-D i52"'
Gen cons 48 2003. M-N 100^ 101
Leh V Ttac 1st 48 '29. J-D
New Con Gas 58 1948 J-D
Newark Pass con 53 1930
Kx-rights.
500
,826
,316
,462
,770
,605
M73 1911
J-D
ConM 68 g 1911. ...J-D
120
Consoles 1923
Annuity 68
1|
,458
Kx Imp
Gen M 4^8 g.l924.Q.F
Leh V Olst 5s g '33.. J-J 1121a 113
Leh V ext 48 Ist 1948. J-D 110
2ti 78 1910.
M-8 112 1 12"4
Bid and aaked prices; no sales on this day.
146
Marl5 54
Jan 27 48 Jan
Jan 24 2434 May
Jan 10 10 Jan
2 14 Jan 4
8 la Dec
40 Jan 2 48 Jan 19 36 Nov
IS^aJan 2 2334 Jan 15 14 la Ma)
107 Aprly 118 Jan 19 100 la J'ly
71 Mar 8 8534 Jan 18 621a Jan
2iiMar21 31°19 Jan 10
2^8 Dec
68 "a Mar 5 73iii9 Jan 22 65i3jgMay
47 Apr20 a54'2 Mur26 40 Jan
738JaJill
8'a Jan 15
8
J'ne
27 Apr 20 34I4 Jan 27
1734 Jan
()2»16Mar 8 83 Jan 23 39=8 Jan
43=8 Aprl6 471018 Jan 23 45 May
43 Mar 8 51 Jan 23 42 Jan
6 134 Mar28 63^4 Jan 30 6814 Mar
92-18 Marie lOi
Feb 15 90 J'ne
30 J an 6 32 Mar 1 20 Feb
Con
II314
Y Ph &
49" N Income No l.<st48 '39 J J
4s 1939...M.N
95
,411
100
50
50
25
50
50
50
50
50
50
100
93 '6 United Gas Impt
32 Welsbach Co
1\0^
Choc&Molst5sl949J-J 117
ChOkcfeGgen 5s '19 J-J I0714
H
Northern Central
50
North Pennsylvania.. 60
PenuHylvania Salt
50 II314
Pennsylvania Steel. .100
Preferred
100
Phlla Co (Pitta) prof.. .60
Phil German cfe Norri8.50
Phlla Traction
50
Berg<feEBrwl8t68'21J-J
Bethle Steel 68 1998. Q-F
Eq
Schuyl H..60
Steel.
MarsdenCo
Col St By let
"77" ConTracofN con 68 1932
Jla1;58.'33
62
Haven Iron &
234
222
59
Lake Superior Corp
100
Lehigh O <fe Nav tr ctfs. 50
Lehigh VaUey
50
Che <fe D Can 1st 58 '16 J-J
28
10
50
Little SchuylkiU
PHILABELPHIA
Bid
B exl 7s 1910 A-O
AmBysconvSs 1911. J-D
Atl City Ist 58 g "19. M-N
Balls Ter Ist 58 1926. J-D
7
102
,036
,380
48=8 Pliaadelp'aCo(Pitt8b)a
83i6 Philadelphia Electrio:^.
28 PhilaBapid Transits..
62'3 6436 Beading
*44ia 45
Do Ist pref
*46ia 48.
Do 2dpiaf
62 Sg 62=8 Union Tracton
Al Val
634
101
68
KeystoneWatchCase.lOO
Lit Brotliere
20
106
73
47
8
27
49
8
50
69^ 70% Pennsylvania BB
699i9 70*16
545 51
50
111? Electric Co of America 10
101^ Gen Asphalt tr ctfs
100
40 "a
Do pref tr ctfs
100
Honds
Steel. .10
Preferred
63 A-merican Bail ways
35 14 Cambria Steel
83
3534
1138
*2ia
7OI2 7II4
491a 4912
8 la
83g
28 14 28 14
68 14
67
Ask
Preferred
•
53>2
32
PHILADELPHIA
N
1134
5314
3514
III4
•910
41
*20i2 21
*53ia
3638
li's
100
ill
88>g
11034
112
98 100
92 >4 9-2 Hi
73
73 >a
ins"
112
111
lllHi II214
94
95
2
14
"a
96
11(5
108 la lO'J
117 119
THE CHRONICLE.
920
[Vol. lxjlxk.
iioM Sfciiritien
Volume
Business at Stock Exchanges
of
XKAJSBACTIONS AT THE NEW YORK STXJCK EXCHA-NGii
DAILY, WEEKLY AND YEARLY
Wetk mding
SI ocks
Sailroad
ApHlSO
1HU6
Saturday
Monday
815,730
821.338
Tue.sday
Wednesday
1.243,987
Thursday
1,5'.!H,623
Friday
1,232.917
Bonds
*997,()00
l.vi73,500
$14,000
2.850.000
2.121.500
360.500
136,500
211,000
229,500
$12,907,000 $1,161,500
$48,000
150.(J00
2,'.'32.."00
2.732.500
.lii'Aobo
No Hudson L
iV'ioo
110 di
yew
January
Week ending April 20
Sales at
YoTli Stock
Sxchange
$412,378,160
$261,432,050
$15,074,600
DAILY TRA-NSACTIONS AT THE BOSTON AND gHILADELPiilA
EXCHANGES
Week ending
April 20
mod
Philadelphia
Boston
Bond
Listed
sales
Unlisted
shares
Listed
shares
s/iares
40.000
6,047
12,526
9,991
20,214
27,889
24,794
$53,000
32,800
120,800
105,100
126,700
65,800
$144,000
87,133
101,461
$494,200
Wednesday .
17,192
18,690
16.200
28.213
$19,000
56.000
8,000
21,000
Friday
50,065
18,075
220,766
98,370
Monday
Tuesday
H OLID A Y
Total
sales
4.427
13,668
9,649
13,633
26,657
19.099
36,860
64,918
34,020
34,303
Saturday
Bond
Unlisted
shares
Outside Securities
A
Weekly Review
of Outside
Market
vrill be
5s 1949... .11-8
St JosephGasSs 1937.J-J
Telearr
96.082,172
94.859,282
6,434.966
6.119,280
4-538,511,750 $616,110,050 $8,554,706,250 $3,953,845,425
Par value
$240,900
*42i,l00
$4,200
Bank shares, par..
$20,800
BO.VDS
$605,400
$145,050
$1,000
$48,000
ttovernment bonds
$88.S.100
32,800,550
46,986,400
l.liU,500
State bonds
227.966,100
365,246.700
14.185,500
12,907,000
BR. and mis. bonds
$14,116,500
1926
J-U
Pas <jas<fe EleclOO
Ask
£^^
found on a preceding page.
NEW TORK CITY
30
Bleeck Stife Fol F stk 100
92
1ilstmort4s 1950 ..JJ
flB'y&7th Ave3tk..l00' 230
112dmort 6sl914 ...J-J 101^2
Con 58 1943 See Stock Exch
B'way Surf lst5sgu 1924 no6
1]Oent'lGros8t'n8tk..lOO 340
lIlstM 6s 1922 ...M-N 4115
1ICenPkN<feER8tk.lO0 202
flOhr't'r&lOthStstklOO 170
Col<fe 9th Ave 58 iS«6 Stock Excli
Dry
D E B €& 3—
lilst gold 53
112
100
375
100
395
55
103
1932.. .J-D
TIScrip 58 1914....F-A
HElghth Avenue stk. 100
liScrip 68 1914 ....F-A
Tl42d<feGrStF'y8tk..l00
42dStMc& StNAv..lOO
fllstmort 63 1910 .M-S
1l2d income 6s 1915 J-J
Interboro-M etropolitan
Ne'sr com. (wh. issued)
New
]>re£.
Pav F 5s
list
101
400
107
410
75
106
84
52^2
89^
90
227
See St k
91
231
Exc
Metropol Securities See Stk E.
Metropol Street Ry See Stk K
Ninth Avenue stock. 100 180
Second Avenue stocklOO 203
Ulstniort 68 1909 M-N ilOl
I''-Aall3
Consol5s 1948
Sixth Avenue stock 100 170
Tl
Sou Boulev 58 1945. .JJ UOO
So3"er 1st 5s 1919. ..A-O noTK.
Third Avenue See Stock Kxch
P <& 5s 1928 n04
Tarry
YkersStliK5sl946A-0 nOii
28th & 29tU Sts 1st OS '96 «110
^Twenly-Th'd St stk 100 395
Onion Ry 1st 5s 1942 F-A no8
Westchestlst5s'43J-J HIO^^
W
175
87^4
InterboroughKapTr.lOO
<fe
109
360
118
204
52
(wh. issued)
M
"..
list
X
X
list
list
195
205
103
U4I2,
17 S
104
108 H
list
107
108 Hi
112
410
Ul
112^2
BEOOKLTN
Allan
Con
Ave 5s 1909. .A-0
A-O
5s g 1931
noi
IIII12
BB&WE58 1933. .A-O
100
230
Brooklyn City stock. ..10
Con 58 See Stock Exch
BklnCrosstu 5s 1908.JJ
BknHgtsl8t5s 1941 A-O
BklnQCo&Sub
/S'6«
103 Hi
113
102
•236
list
101
105
Stk Exch
108
list
Bkiyn Rap Tran See Stk Exch list
285
llConeyls. c&Bklyn ..100 260
100
95
Ist cons g 4s 1948. .J-J
Brk C & N 5s 1939.JJ 111 113
arSt&Newlst53'06F-A 100
102
Gr'pt (feLorimer St 1st 6s
Kings Co. Elevated—
Ist 4s 1949 See Stock Exch Ust
100
65
Nassau Elec pref
75
A-O 110 113
58 1944
1st 4s 1951
See St k Exc h Ust
N"Wb'g&I'latl8tex4>2S
Steinway Ist 68 1922.J-J
101
(J117
104
119
OTHER crriKS
Buffalo Street
New on
Preferred
Pub Serv Corp
ni2
iWdH
32
of
«
88
90
C hicago bat
N JlOO
llU
Rapid Tran St Ry..l00 245
Ist 58 1921
iih.
aiH
N
1L'>
92
137
115
78
47
120
nO
145
124
80
101
&
So Amer. 100
Commer Un Tel (N Y).25
Kmp <fe Bay State Tel 100
Franklin
100
llGoldcfc .stock
100
Hud.son RiverTeleph iOO
11NY&N J Teieph...lOO
II North western Teleg. 5<i
1)
Central
Pacific & Atlantic
25
TlSouthern <fe Atlantic 25
Ferry Companies
Brooklyn Ferry stocklOO
IH)
B&NY 1st 6s 1911.J-J
5100
05
Ferry stk. 100
Ist 58 1922
M-N 85
N Y <fc Hob con 5s '46.J-D 5107
Hob Fy 1st 5s 1946 M-N 5108
NY&NJ2d53 1946. J-J 5105
NY & So Blykn Ferry&St
Transp 1st 5s 1906M.N
98
lOth & 23d Sts Ferry loo
45
1st mort 58 1919... J-D i 89
27
ITUnion Ferry stock .100
111al5sl920
M-N 96
NY& E R
road
<fe Susq 40yT 3H2S cts
Chie Peo & St L pref. 100
Deposited stocK
Undeposited stock
Prior lien g 4 H28'30M&S
2
2
100
79
6
Chic Subway. .VeeChicag o list
Delaw & Hudson con deS
4s 1906-10 (w i) .. J&D 107 Hi
Worth
&
92
150
128
85
City stamped
73
100
HartfordCon deb3Hjsl956.J<feJ
North'n Securities Stubs
Pitts Bess<fe LE
50
Preferred
50
Seaboard Air Line
Ck)Utr 581907 op. ..M-S
SeaboardOo
/S'ee Bait
Va<fe Southwestern. .100
?113
2 62 Hi
t
t
35
70
Istconsol 6sl931..F.A niO 1121..
Deb 6s 1917
A.0 no6 107
Chicago City Ry
See C hicago list
Columbus (O) St Ry.. 100 102
Preferred
100 110 il2i'^
Colum Ry con 58 See Ph ila list
Crosst'wul8t6s'33.J-U ^107 110
Grand Rapids Ry
100
74
76
Preferred
100
90
92
t
60
20
60
1!
Prelerrc'i
hs of 1896
1
IH.
7
8
Preferred
Electric Vehicle
Preferred
Empire
.Steel
13'.
......
101
130
\
(jug;;enheimKxplo'n.lOO
Hacken.sack Water Co—
Ret g 48 52 op 12. ..J-J
HaU Signal Co
100
Havana Tobacco Co.. 100
Preferred
100
5
60
10
17
2(t
15
8
1;
38
7«
103
r
45
8-2
104
2Hj
29-'i.
1
\
i-'h
3
2%
2.;3<
3
3l»
300
275
i93»6
100
?
!-5
1 '22. J-D
27
35
7«
30
39
80
Hecker-Jones-Jew'l MiU
IslOs 1922
.M-S
Her'g-llall-Mar.uew.lOO
107
30
HI
1st
g 5s June
40
Uoboken Land& implOO 200
1158 1910
Houston OU
Preferred
Hudson Realty
M-N
5102
100
100
8
35
125
^
9
45
65
tngeraoU-Rand pref.. 100
Internat'lBankingColOO 160
n\
Int'n'lMerc Marine. 100
31H,
Preferred
100
2H2
78^4
104
Col tr deb 4H2l922op'07
39:'4
70
International Salt
100
6y
90
Istg5sl951
6
109
International SUver.lOO
50
110
Preferred
100
1st 68 1948
J-D 5107 H2
Lackawanna St«el...loci 70
101
Lanston Monotype
20 t 14
60
Lawyers Mort fnsur.lOO 192
93
JLehA Wilkesb Coal.50 50
30
Lord & Taylor
100 120
97
Preferred
100 100
HLorUlard (P) pref ...100 130
Mackiy Companies ..100 64 14
73
Preferred
100
112H
12Hi
Madison Sq Garden. .100
2d 68 1919
3H
M-N 75
9
6
llManhatt Beach Co. 100
41^
103 Hi Manhattan Transit
20
\
83
12
Tg
6'a
22
70
18
100
100
100
loo
100
loo
!]General Chemical ..100
llPreferred
100
Gold Hill Copper
1
Greene Con Copper.. .10
Greene Consol Gold... 10
Greene Gold-'-^ilTer
10
103
133
13,2
1
Mex Nat
Con.siruc.pflOO
Mine Securities
5
Mitchell Mining
10
Monougaheia R Coal. .50
108 H
Preferred
50
Mont
<fc
Boston Consol
.5
13
i
\
\
95
170
12
323,
79
41
70
10
55
109
75
14%
200
52
130
lU3
155
65
73H»
11
i^
17
I4
9I4
3r
10
8
23
\
\
Mortgage Bond Co.. .100
Mosler Safe Co
100
114 H Nat Bank of Cuba
100
105
^l(V
115
io»" lis"
^^
287% National Surety
100 145
19
20
38
Nevada Cons'd" Copper.5
73
35
TiNew Centr.alCoat
20
N J Ter Dock & Imp. 100
100
101
Exch
N Y Biscuit 68
list
90
46
43 14 4334
102 Hz
190 200
40
421a
NY'Mtge<S; Security. 100
IJNew York Dock
100
60
11
list
27 H,
•J.yi
00
5
A
15
31
28
Exch
Dia?Mond Mat^h Co. 100
Dominion Coi)per
IJouglas Copper
Electric Boat
A tie
65
40
70
«<«
S
Cuban
105
Denver
NYNH &
75
128
103
114
113
111
Con mtg g 5s 1930.J&J
Income 5s 1930
llPort
81
108
iia
255
53
125
Compauies
Electric
96
79
95
110
Chicago KiUson Co See C hicago list
liKingsCo El LcfeP Co 100 140 160
Narragan (Prov) El Co 50 t 99 tl03
NY<fe Q El L<fePowColOO
57
55
Preferred
65
75
100
50
UnitedEloctricof N JlOO
4S1949
74
J-D i 73
711s
A-O U08
Hob& PatersonlOO 25
4s g 1949
M-N 74
So J Gas El & Trac 100 124
Gug5s 1953
M-S noo
No Hud Co Ry 6s' 14 J -J a 12
5s 1928
J-J nio
JC
Si
113
112
80
ctts 2% to 69j) perpet
70
Coll trust 5s gold notes
1909 optional. ...M-N i 95
North J ersey St Ry 100
38
1st 4s 1948
M-N i 77
Cons Trac of
80
J. ..100
1st 5s 1933
J-D il07
New'k Pas Ry 58 '30J-J 5110
Tr
98
Alb
Ask
Bid
liicago Ust
100
iS'ee
95
i
Min
.^lixcfl
1
34
75
105
nnd
1911. M-S
»2Hi 84
IJPref erred
lOO
514
«
Y Transportation.. .2u
Nlles-Bem't-Poud pt.lOO 105
2
3
AUiance Realty
100
llOntario SUver
100
«l4 Otis Elevator com
63
American Can com. ..100
58
100
Ext 58 1924
M-N n02 10ft
60^4 61H
loo 104
Preferred
Preferred
loO
100
3I4
210
Pat City con 6s '31.J-D 4120
American Chicle Co. .100 174 177
Phoenix Securities
2d 6s.. ..1914 opt A-O noo
291*
Preferred
Pittsburg Brewing
100 103 108
50 t 29
So Side El (Chic)
See C hicago list
Am Graphopho com. .100 40 46
Preferred
50 1 4934 50
Syracuse Rap Tr 5s 1946 no7'2 1081a
9934 Pittsburg Coal See Stock Exch list
90
Preferred
.'.. loo
Trent P <fe
105
58 1943J-D no3
09
5
4
Amer Hardware
Pope Manufacturing. 100
100 104
United Rys of StL—
68
74
Am Ice Securities See Stk E list 1st preferred
100
Com vot tr ct£s
60 Hi 60^4 Am MaltingOs 1914. J-D lot 106
100
17"*
15
2d preferred
loo
85 14 85 Hi Amer Press Assoc'u.lOO
llPreferred
100
95 105
Pratt <fc Whitn pref.. 100 102 107
Gen 48 1934
SeeStk Exch list
3
Realty Assoc (BklynllOU 167 tlTOHi
Am Soda Foun com. .100 1
UnilRysSauPran 6'eeStk Exch list
50
55
1st pref erred
Royal Bak Powd pref.loo XiO 112
100
Wash Ry & El Co.... 100 41».2 41^4
7
10
2d preferred
Safety car Heat & Lt iOO 3U5 320
100
90^4 91 Hi Ainer Steel Fouatlrles
Preferred
100
50
Seneca Mining
t
48 1951
J-D
87% 8734
Al 6s 1930
88 H. Singer ,Mlsr Co
AcfcO 5
100 525 545
HWest Chicago St ....100 26
30
190
195
American .Surety
Soul hern Steel
50
HCong 5s 1936.. ..M-N iO
65 ig American Thread prer..5
4
5
Istsf g58 19oOoptM-N 5 92
94
Am Tobacco (ue«^) com.. 450 470 Standard CouplercomlOO 40 ..-.•
list
Prefd
Preferred
iS'ee stock Kxch
100 120 130
Gas Securities
13
10
4s and 6s
SeeStk Exch list Standard Milling Co. 100
NEW YORK
40
35
Am Typefo'rs com. ..100 39 42
Preferred
100
Cent TJn Gas 5s g'27.J&J «i03 105
.S2
84
Preferred
i-8Hj 101
5s
luo
!
Con Gas (N Y)8tk. See St k Exc h list Amer Writing Paper. 100
4>-. Standard oil of n" J ' i 00
4
645 649
Conv deb 6s ctts 6ecStk Exch U.St
27
Preferred
27 H; .SwUt & Co See Boston St k Exc ii'ge
100
TlMutual Gas
100 230 260
84
85
1st 58 1910-1914. ...J-J 5102
106
5s 1919
J-J
New Amsterdam Gas47
UBarney & Sm Car ...100 65
Tennessee Copper
25 t 45
1st consol 5s 1948.. J-J 5104
107
80
llPreferred
70
UTexas <fc Pacihc Coal 100
loo 140
N Y' & East River GasBethl'm Steel Corp... 100
110
2VHl 28
lat 68 1908
A-O 5105
Ist 5s 1944
J-J §
tioea*
87
Preferred
90 H Title Ins Co of N Y..100 185 195
100
Consol 58 1945
J-J 5105
108
103
Coll.tr. g.8.t 6s 1914..
Tonapah Min (Nevada). 1 f 16Hj 17 H*
NY<& Richmond Gas.lOO
42
20
Bliss Company com
TreuLonPotteries comlOO
18
50 al45 150
JSfor Un 1st 5s 1927. M-N 'i'wi
135 140
106
Preferred
97
101
Preferred new
50
100
UStand.ard Gas com ..100 130
150
65
Bond<fe Mtg Guar
Trow Directory new. .100 45
100 400 415
11Preferre4
2
100 155 170
ISO
Borden's CondMiUc.loo 175
Union Copper.
l~.
10 t
ist 5s 1930
M-N 109 112
Preferred
Union Typewr com. .100
98 100
100 114 UV
127
British Col Copper
7
1st preferred
6 t
100 124
2d preferred
Butte Coalition Min..l5
35
36
100 123 126
OTHER CITIES
45
Camden Land
United Bk Note Corp. .50 t 41
3 t....
Amer Light & Tract. 100 116 119
55
Casein Co of
com 1 Oo
Preferred
4
50 t 51
6
Pre-f erred
60 3g 66"^
loO 101 H2 1024
Preferred. _
75
United Copper
lOU
100
Bay State Gas
"16
125 135
93
98
50
Preferred
100
^ Casualty Co of America
Binghamton Gas 58 1938 } 95 100
Celluloid Co
100 135 140
lOo 200
U. S. Casualty
Brooklyn Union Gas deb
12
Cent Fireworks com. 100
17
U S Envelope com.. .100 25
6s 1909 conv '07. ..M-S 128
89
92
Preferred
65
133
100
70
llPreferred
100
Buffalo City Gas stocklOO
9W) Central Foundry
53,
8
100
6
U S Rub 2d pf See Stock Exch lUt
1st 5s 1947 See Stock Exch Uat
22
Preferred
100
24
U S Steel CorporationConsol Gas of N J
84
5113 114
Deb 68 1919 op^OlM-N
Col trsf 5s '51 opt '11
84 H
Ist 5s 1936
114
J-J i 92
Central Leather
See Stk E X list
95
Col trsf 5s '51 not opt. 5112
Consumers' L
& Pow—
Century Realty
100 190 200
U S Tit Gucfc Indem.lOO 124 128
5s 1938
J-D nio
Cliesebrougli Mfg Co 100 440 480
Westchester & Bronx
^Detroit City Gas
180 1^5
50 tllO
Chic Puouhi Tool. <See Cli icago li.st
Title & Mort Guar Co
Elizabeth Gas LtCo..lOO 275
117 122
Weslmgh Air Brake. .50 tl50 I50i«
City Investing Co..
Essex* llud.soD Gas 100 125 129
115
llClaUin (H B) com. ...100 110
West Elec <fe Mfg—
Fort Wayne 6s 1926. .J-J
97 "4
44
98 1011.
49
100
Const 5s '31 Op '12 J -J i 97
^llst preferred
34
Gas i& El Bergen Co.. 100
68
1[2d preferred
100 101
60
While Knob Min
'ft
Gtrand li-apids Gaa
2
avi
Preferred
Colo IndustricOl. See Stoo k Ex list
Tll8t 6s 1915
F-A §101 103
65
Worthing Puinp pref.loo 118 122>»
Col & Hock Coalcfe 1 pt 100
80
Hudaon Co Gas
100 107 108
J-J 5 74
83
1st g 5a 1917
i
Industrial
and
Ahmeek Mining
3Iiscel
25
N
t
80
120
r
83
130
H
.'C
\
Am
..
.
Ry—
4Buyer pays acor'd int.
IIL0U1.SV St58l930..J<fcJ
Lynnife Bos 1st 5s '24. J-D
Rysifc Light 100
New4H2S
1051s
North Chic Street
Ust
114
65
4^%bond.s(wli. issued)
£iex Av
33
95
240
Street RnilvvBya
Lake St (Chic) El
See C
28
70
a 03
& Telephone
Ita.il
Street llail^vays
6
3Hj
VAmerTeleg& Cable lOi)
Stoclcs— N o. 8 tiaros
Total bonds
&
UO
A-O {108
Ind C Nat ai lU .100
Cong
1i
137"
91
liitlUNlrinl
Consolld Car Heating 100
liCons Kirew'ks com .100
1 00
1] Pref errei
Conn Ky l.tgitltefng.joo
Consol Rubber Tire. .100
Preferred
100
Debenture 4s
Cons .Storai'e BattcrvlO'i
Corn Prod Ref See Stuck
<;ranii)s' Sli <fc En Blitgloo
'Crucible Steel
100
Prererre<l
1005
1906
1905
1906
April JO
1
134
89
109
1st 68
Pat
6,119.280 $538,511,750
Total
110
43
38
10.-)
H & Pow-
08 1938
1
95
38
34
llPreferred
lOO
l.«lay'eG;islst 6s'24.M.N
Lo-jr<feWabVlHt(;H'25.J-li
.MartiHi n (^aslis ]02li.A-O
Newark Gas 6m 1944. Q-J
Newark Consol (ias..lOi>
llCon k5s 194*-'
J-1)
25,000
$39,807,400
76.883.600
70.496,800
111,227.450
131,147,300
108.949,200
4 4 3, '-I? 9
<tc
Bonds
Par value
Share*
........
O S
Bonds
State
A Ik
Bid
&
"dliina Nat
li\ Gas—
Ist Us I'.XJS
26
JI-N
ludljinapulin (jaa
50
82
74
1st p 5s l;)52
97
103
A-O
Jackson G.-is "la g '37. A-O i 98 101
Kansas Cily Gas
4.''i
10<
40
'iLi«cled(.' (ias
loii
97 Hi 102
I
Price per ah. tSale price.
H
aEx-rights. aEx-div.
iNew stock.
USells on
SCk Exch., but not a very acUve security.
Apr. 21
THE CHRONICLE.
1906.
921
and Railroad |tttjelligjencje.
RAILROAD GROSS EARNINGS.
|txtyje$tmjent
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from Jiily 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent -page.
period.
Latest Gross Earnings.
Week or
Month.
Roads,
Previous
Year.
Current
Year.
Ala Gt Southern See Southe
Ala N O & Texas Pacific.
105,481
114,967
East_ 4th wk Mch
61,855
46,427
Ala & Vicksb'g 4th wk Mch
63,437
47,687
VicksbSh & P. 4th wk Mch
Inc. 9 5,984
AUecheny Valley. December .
S Fe_ FeL)ruary . 6,487,556 4,669,306
AtchToi) &
279,179
325,517
Atlanta & Char.. January
90,971
78,798
Atlantic & Birm. February .
Coast Line... February . 2,172,973 1,738,123
Atl
10,669
15,368
Bait & Anns L.. February .
March
6,711,095 5,910,621
Balt & Ohio
162,782
Bangor & Aroost. February . 205,631
5,232
4.892
Bellefonte Central March
2,932
2,937
Bridgt & Saco 11- February .
153,223
70,001
Buff Koch & Pitts 2d wk Apr
140,204
71,443
Buffalo & Susq.. February .
95,513
93,080
Cal Northwestern March
65,900
CanacUan North. 2d wk Apr 127,400
Canadian Pacific. 2d wk Apr 1,308,000 996,000
208,200
174,800
Cent'l of Georgia- 2d wk Apr
Cent'l of N Jersey February . 1,876,568 1,616.893
2,685
2,301
Southern 1st wk Apr
Cbattan
February . 1,967,689 1,447,251
Chesap & Ohio
4,109
4,582
Chesterf'd & Lane March
706,489
867,479
Chic & Alton liy. February .
133,974
151,802
Chic Gt Western 2d wk Apr
112,957
109,045
Chic Ind & Louisy 2d wk Apr
Chic Milw & St P. February _ 4,045,356 3,311,570
Chic & North W. February . 4,589,363 3,403,306
& O. February . 943,828 761,006
Chic St P
30,132
30,927
2d wk Apr
Chic Term Tr
Cin N O .t T Pac. -le Soutne rn Rv. S vstem bel
Ch & St L. February . 1,743,632 1,495,775
CI Cin
208,530
228,032
Peoria & East'n February .
125,837
154,827
Colorado Midland February .
159,592
203,348
Col & South Sys 2d wk Apr
b.
18,543
25,832
Col Newb & Lau. February .
42,379
February .
49,179
Co-pjjer Range
Fel)ruary .
18,062
3,326
Corn<*r3il
19,544
35,378
CornwaE & Leb.. February .
RR
Denver & Rio Gr. 2d wk Apr
Det & Macldnac- February .
Det lol ik Ir and
Ann Arbor Syst 1st wk Apr
Dul So Sh & Atl. 2d wk Apr
- February .
Erie..
Fairchild & N E. February .
Fon Johnst & Gl. February .
Ft W <t Denv City Now inciud
February .
Georgia RR
Ga South & Fla.. See Southe
Gr Trunk System 2d wk Apr
Gr Trunk West 4th wk Mch
Det Gr H & M- 4th wk Mch
Canada Atlan. 4th wk Mch
Great Northern.. March
Montana Cent'l March
Total system. March
Gulf & Shiplsland 1st wk Apr
Hocking V alley. February _
March
Illinois Central.
Illinois Southern. March
Int & Gt North'n 2d wk Apr
a Interoc (Mex).. 2d wk Apr
2d wk Apr
lowa Central
Kanawha & Mich February .
Kan City South'n February .
February .
Lehigh Valley
Lexing & East'n. February .
February .
Long Island
Louisiana & Ark. February .
Louisv & Nashv- 2d wk Apr
Macon & Birm
March
Manis & No East. February .
Manistique
March
Maryland & Penn March
a Mexican Ctent'l. February .
a INIexican Intern 2d wk Apr
4th wk Mch
o Mexican Ry
a Mexican South. 4th wk Mch
MiUen & Southw. February .
Mineral Range
2d wk Apr
Minneap &St L.. 2d wk Apr
Mo Pac & Iron Mt 2d wk Apr
Central Branch 2d wk Apr
Total
2d wk Apr
to Latest
Current
Year.
67,469
53,273
3,635,419
1,687
46,907
ed in Colo
233,195
Rv. S
765,373
156,429
45,769
51,818
3,846,686
219,785
4,066,471
46,305
533,510
4,615,500
m
31 ,003
111,100
121,012
54,531
174,103
667,330
2,306,797
36,961
Inc. 84,
94,700
834,885
13,107
39,707
5,403
28,541
2,229,926
I'l 0,790
192,500
37,8,50
8,133
13,053
60,939
737,000
36,000
773,000
Week
M. 2d wk Apr
Texas. 2d wk Apr
& Mob Jack & K C February .
Mobile & Ohio... See Southe
NashCh &StL.. February .
a Nat RR of Mex 2d wk Apr
Nevada Central.. February _
Nev-Cal-Ore^on. March
N Y C & Hud Riv .March
N YOnt & West- I'ebruary .
N Y Susq & We.st February .
Norfolk & West'ii February .
Northern Central February .
Northern Pacific. March
Ohio Riv & West February .
Pacific Coast Co _ _ February .
dPenn-EastP&E February .
dWest P & E.. February .
Phila Bait & W'sh February .
February .
Phila & Erie
Pittsb C C & St L February .
Raleigh & S'port. .March
Reading Railway February .
Coal & Iron Co February .
Total both cos. February .
Rich Fr'ksb & P. January ..
Rio Grande Jet.. February .
2d wk .'^pr
Rio Grande So
Rock Island Sys. February .
St Jos&Grlsl... February .
e St L & San Fran February .
St L Southwest.. 2d wk Apr
Seaboard .4ir Line January ..
Sierra Railway . . February .
Southern Indiana March
February .
So Pacific Co c
Southern Ry Sys
Southern Ry fc. 2d wk Apr
Mobile & Ohio. 2d wk Apr
Cin N O &TexP Lst wk Apr
Ala Great Sou. 1st wk Apr
Ga South & Fla March
1st wk Apr
Texas Central
Texas & Pacific. 2d wk Apr
W.. February .
TexS V
l"idewater & W'n January ..
To! & Ohio Cent. February .
2d wk Apr
TolP&West
2d wk Apr
TolStL&W
Tor Ham & Buff. March
Un Pacific System February .
Mo Kan &
1 ,8.^0 ,724
1,047 ,426
1,100 219
4,607
44,()92 133
2,182
668
14,009
108
50,358
1,364
43
31
6,306
729
100
748
,170
500
,185
,195
562
430
370
,822
1,151 489
2,9S3 800
39.5'14 018
8,240
14,602
93
13,658
24
8,357
6,049
706
075
960
213
434
761
,528
357
33,588 951
4,3.53
30, .805 ,017
8,190 733
1,192 903
15,251,880
l,46l",656
1 ,341 ,487
54,402 3,226,303 2,682,511
54,381 2,381,852 2,087,607
2,713,080 33,696.843 29,842,427
16,494
26,047
3,343
40,068
630,508
473,798
rado & S out hem S ystem.
167,368 1,909.432 1,640.700
'
bel ow.
714.057 30,456,661
177,2(;2 4,144,041
47,433 1,210.351
47,862
3,205,003 36.977.852
214,702 2,054,023
3,419,705 39.031,875
40,023 1,602,668
405,616 4,493,083
4,355,693 38,818,071
21,173
280.166
108,200 5,422,856
142,375 4,800,691
49,400 2,362,403
138,598 1.452,702
488,716 4,945,463
1,962,719 22,660,883
28,258
340,320
904
Inc 523.
50,720
647,331
751,235 33.(339.144
12,314
113,314
35,()89
267,066
3,920
66,182
24,784
270,009
2,048,138 18.185.421
127,216 5.448,937
183,700 4,892,700
37,708
891,987
6,015
5,379
10,407
.594,303
57,376 2,931,091
684,000 33,497,664
34,000 1,527,726
718,000 35,025,390
ystem
&N
Virginia
28,453,952
3,804,044
1,133,004
31,550,474
1,775,907
33,320,381
1,437,220
4,109,367
&So W'n
Wabash
WesternMaryland
W Jersey
&
Sea'e
WheeUn? & L E.
W'msport & N Br
Wisconsin Central
Wrights & Ten.-
Yazoo & Miss Val
210,607
5,072,749
4,700,905
2,047,480
1,177,051
4,634,832
20.080,684
295,352
392
527,662
30,932,033
104,111
275,027
61,098
237,264
16,764,691
5,218,428
4,501,940
8t)0,117
52,521
547,042
2,389.456
33.100,228
1.271,862
34,432,090
Allegheny VaUey
Atlanta & Charl Air Line
Cur'nt Year Prev's Year Inc. or Dec.
%
Jan
Jan
Jan
Jan
Feb
Feb
Feb
Feb
Mch
Mch
Mch
Mch
Apr
Apr
(42 roads)..
(42 roads)..
(42 roads)..
(44 roads)..
(40 roads)..
(41 roads)..
(42 roads)..
(44 roads)..
(42 roads)..
(42 roads)..
(42 roads)..
(43 roads)..
(42 roads)..
(36 roads)..
7.816.465
8,566,374
8,816,346
13.662,262
8,346,622
8,(>66,444
8,985,618
10,321,944
8,946,686
9,212,578
8,890,918
13, .534 ,041
8.642.723
8,600,108
7,054.032
7,098,133
7.509.082
11,047,757
6,750.991
6.586,963
6,892,688
8,.599, 0.53
8,022,413
8,218,451
8, .377 ,487
12, .566, 9.52
7, 762, .585
+ 762,433
+ 1.467,241
+ 1,307.264
+ 2. 604, ,505
+ 1,.595,(;31
+ 2,079,481
+ 2,092,930
+ 1.722,891
+ 924,273
+ 994,127
+ 613,431
+ 977,089
+ 880,138
+ 907,736
Jan
1
Mar
1
Jan 1
Bellefonte Central
Jan 1
CICC &St Louis..
Jan 1
Peoria & Eastern
Jan 1
a Interoceanic of Mexico
Manistee & North Eastern... Jan 1
Jan 1
Manistique
Maryland & Pennsylvania... Mch 1
Jan 1
a Mexican International
Jan 1
o Mexican Railway
Jan 1
a Mexican Southern
Jan 1
a National RR of Mexico
Jan 1
New York Central
Jan 1
Northern Central
d Penn— East of Pitts & E... Jan 1
Jan 1
d West of Pitts & E
Jan 1
Pliiia Baltimore & Wash
Jan 1
Philadelphia & line
Pitts Cin Chic & St Louis
Rio Grande Jet
Texas & Pacific
Jersej' <t
Seashore
Jan
1
1
J?.n 1
Jan 1
Dec
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Dec
10.81
17.41
23..56
23.63
31.67
30.36
20. (X3
1 1
.62
12.10
6.13
7.78
11.34
11.80
Feb
Mar
6, S3. i, 439
0,049,903
435.813
ow.
7,050.658
10,005,012
31,226
170,641
68,198,290
6,047,280
1,878,417
18,496,052
7,433,009
46,285,643
155,824
4.429,177
95,445,916
/nc.0,60
9,908,494
5,807,016
18.803.055
46,224
27,528,268
23,801,239
51,389,507
932,690
466,870
444,987
.35,167,6.55
1,049,096
28,580,711
7,118,929
8.651,923
6,694.252
9,130,333
21,275
161,145
00,643,492
4,570,472
1,730,357
15,422,278
0,820,069
38,073,472
135,169
4,126,080
79,449,116
3,900
9,067,294
6,144,056
16,4.33,991
30,264
23,730,968
3,182,315
46,913,283
818,474
380,749
379,929
29,706,034
823,848
26,086 ,.560
7,097,678
7,033,132
1,105,209 1,002,914
69,786.157 03,240,992
1905
1905
April 1905
May 1906
June 1905
July 1905
Aug 1905
Sept 1905
1905
Oct
Montli Nov 1905
Month Dec 1905
Month Jan
1906
Month Feb 1900
Month Mch 1900
Previous
Year.
Mch
Feb
Feb
Apr
Feb
Mch
Mch
Apr
Mch
Mch
Apr
Mch
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Apr
Feb
and Monthly.
Monthly Summaries.
Month
Month
Month
Month
Month
Month
Month
Month
Month
9,134.445
16,971,189
672,429
Inc. $1,0 88,627
3,619,432 3,331,614
15,741
15,041
3,607,684 3,110,591
463,527
490,659
1.838,853 1.846,517
78,836
89,346
15,101
13,649
28,541
24,784
2,172,260 1,888,838
1,730,800 1.608,000
300,431
314,701
4,019.037 3, 400, ,556
31,292.2.54 18,443,088
1,783,315 1,410,215
22,956,298 17,999,598
/nc. 1,86 4,000
2,284,656 2,036,556
937,011
1,175,358
4,593,843 3,943,546
117,030
148,525
3,992,886 3, 452, ,858
400,654
529,854
Jan
Cur'nt Year Prev's Year Inc. or Dec.
$
20.67
Previous
Year.
Current
Year.
Current
Year.
Period.
Various Fiscal Years.
West
Latest Date.
S
230,787
142,693
356,371
352,940
103,197
41,272
rn Kv. S ystem bel
878,447 703,334
225,173
257,919
1,855
3,660
14,858
13,985
7,524,362 7,003,298
467,8601 419,792
204,497| 201,393
2,233,548 1.741 571
835,679i 670,179
4.741,970 4,204,651
12.342
16,231
402,282
443 ,855
10906 124 8. 688 .824
Inc. HI 6.800
980,016
1,097,210
447.940
643,723
2.149.467 1,860,545
6,6481
5,414
3,253,274 2,602,203
,943,198 3,310,330
6,196,472 5,912,633
142,718
120,681
44,830
29,002
8,628
8,024
3,979,20-1 2,794,104
74,064
111,971
3,396,492 2,481,9.34
176,752
172,689
1,314,669 1.049.212
24,463
25,799
107.464
133,815
6,581.998
8.001,844
37,826,^)80
S
1st week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
2nd week
Previous
Year.
to
1,025,166
920, 637 42,447,588 38.444,653
164,079
149, 349 7,268,091 6.473,968
156,925
129, 616 6,394,603 5,612,378
60, 746 2,903,792 2,538,069
67,421
144, 488 1,446,701 1,299,638
165,186
070,097
759,430
13. 239
15,075
216,487
2oo: 9<)S 10,477,289 10,449,212
13,000
8, 700
6 633
55,575
53, 070
9,798
,688,037
346,596
251 481 2,911 260
020,155
21,414
19 244 1,048, 458
936,570
68, 492 3,261, 087
68,596
561 291
492,278
69 857
69,616
,826,835
4,728,351 3,821 ,461 45,660 611
476,319
70 ,015
733 594
93,841
March
930,155
416 ,017 19,047 243
2d wk Apr 437,831
993,993
96,315
79 132 3,033 129
2d wk Apr
,932,860
266,444
205 144 3,373 160
February .
4 04,.589
90 ,s26 4,339 533
2d wk Apr
64,648
113,430
10 406
119 674
February .
12,909
382,696
February .
522,525
393 356 4,707, 146
142 635
128,997
12 682
February .
17,871
823,444
March
786,100
820, 163 6,3(59 367
AGGREGATES OF GROSS EARNINGS—Weekly
MorUfdy Summaries.
Current
Year.
or
Month.
M St P & S St
2,196,892
1.025,939
946,296
Inc. 66
61,625,331
2,375,203
708,936
15,889,701
127,180
57,697,476
1,572,824
46,194
32,286
6,797,632
1,067,116
1,266,469
4,045,200
47,093,118
9,230.418
16,713,276
104,898
16,067,659
29,376
8,084,935
6,989,603
4,629,685
37,427,597
42,370,548
8,935,871
1,350,658
ow.
15,894,461
July 1
S
Roads.
Previous
Year.
9,398,677 7,568 840
195,768
150 794
448,720
399 263
130,165
34 ,092
164 ,701
304.539
294,000 15,323,292 13,303 ,644
72,280
732,405
633 ,318
360,100
89,546
Latest Gross Earnings.
Date.
m Ry Sy stem belo w.
NO &N
M
July 1
S
(117 rds) 113,714,506 117,252,135
(118 rds) 143.622,857 130,879,546
(115 rds) 136, .596, 868 127,237,317
(US rds) 144,103,256 129,712,739
(104 rd.s) 125,942,575 114,845,032
(115 rds) 143,658,287 130, 328, .530
(115 rds) 1.54,972,550 141,867,401
(115 rds) 161.431.629 147.709,816
(115 rds) 170,515,148 157.100,827
(115 rd.s) 165,977,137 150,405,695
(113 rds") 159,312,944 142,0.53,423
(117 nls) 152,980,48.5 126, .565 ,862
(lis rds) 142,050,642 112,896,257
%
S
—3.537.629
+ 12,743,311
+ 9,358.551
+ 14,390,517
+ 11,097,543
+ 13.329,757
+ 13.105.089
+ 13,721,813
+ 13,414.321
+ 15,.571.442
+ 17,259,521
+ 26,424.6,33
+ 29,761,2.85
+ 5..334,.S81
3.01
9.73
7.35
11.09
9.68
10.02
9.23
9.28
8.54
10.35
12.15
20.88
26.36
9.61
60,824,7.58 55,4.89,877
(.58 rds)
7,692,372
a Mexican currency. 6 Includes earnings of Gulf & Chicago Division, c Includes the Houston & Texas Central and its subsidiary linens in both
years,
d Overs fines directly operated, e Inoludes the Chir.ago it Kiistern Illinois in both years, h Includes earnings of Ol. & South., It.
Worth & Denver City and all affiUated lines. A: Atlanta Knoxville <fc Northern included in both years since April 1; it had pre\ioi.sly been
Included in 1905 since Jein. 1; earnings of lYansylvania Railroad included from Jan. 1 1906 and of East Division of Tennessee Central (rem Dec. 1
in 1905 only.
THE CHRONICLE.
922
Latest Gross Earnings by Weeks.
— In
the table whieh
we sum up separately the earnings for the second
week of April. The table covers 3G roads and shows 11.80%
increase in the aggregate over the same week last year.
follows
Second week of April,
1906.
Buffalo Rochester & Pittsb..
Canadiaii Nort lieru
Canadian Pacific
Central of Georffia
CliicaKO Great Western
Cliicatio Indiaiiai) >V- Louisv..
Cliicasro Terminal 'iraiisfir _.
Increase
1905.
$
70,601
127,400
1,308,000
208,200
161,802
1()9,94.'>
$
153,223
65 ,900
996,000
174,800
133,974
1 1
i
Decrease.
S
82.622
61,500
312,000
33,400
17.828
3.612
2 ,957
30,927
30,132
795
203,348
360,100
53,273
159,592
294,000
43,756
66,100
765.373
714,057
51,316
111,100
121,012
54,531
834,885
116,790
13,053
60,939
236,787
355,371
737,000
36,000
164,079
257,919
8,628
172,689
1,025,166
216,487
1 21,414
68,595
437,831
96,315
64,548
108,200
142,375
49,400
751,235
127,216
10,407
57,376
142,693
352,940
684,000
34,000
149,349
225,173
8,024
176,752
920,537
200,968
19,244
58,492
416,017
79,132
90,826
2,900
.
Colorado Southern (ncl. Ft.
Worth & Denver
City)
& Kio Grande . & Atl
Denver
Duluth
.^outli .Shore
..
—
Grand 'Jrunk of Canada
Grand Trunk Western
Detroit Gr Haven & Mihv.
Canada Atlantic
International & Gt Northern.
54,381
1
,108
1
}
Mobile <fe Ohio
National RR of Mexico
Rio Grande Southern
St. Louis & Southwestern
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western . .
Wabash
Western Maryland
WheeUng & Lake
Erie
Total (36 roadsl
Net increase (11.80%)
8,600,108
21,363
5,131
83,650
10,426
2,646
3,563
94,094
2,431
53,000
2,000
14,730
32,746
604
4,063
104,629
15,519
2,170
10,103
22,814
17,183
26,278
7,692,372 1,056,608
907,736
148,872
For the first week of April our final statement covers
42 roads and shows 11.34% increase in the aggregate over
the same week last year.
First week
1906.
April.
Previously reported (37rds.).
Alabama Great Southern
Cine New Orl & Tex Pac
Det Tol & Ironton and Ann
Arbor system
Gulf
&
$
.
Total (42 roads)
.
Increase. Decrease.
$
8,289.528
67,421
156,925
7,464,560
60,746
129,615
961,199
6,675
27,310
54,402
40,023
13,239
$
13,067
6,282
1,836
__
.
67,469
46,305
15,075
.
.
8,642,723
_
Shiplsland
Texas Central.-
1905.
S
of
Net increase (11.34%)
7,762,585 1,016,369
880,138
136,231
136,231
—
—
Gro.ss
Earn'gs
Previous
Year.
Net Earnings
Current
Previous
Year.
Year.
Roads.
%
%
$
Ala. Great Southern
See under Southern Ry. system below.
Allegheny Valley. b. . .Dec
Inc.
95,984
Inc. 71,213
Jan 1 to Dec 31
Inc. 1,088, 527
Inc. 928,003
Atch Top & Santa Fe.bFeb 6,487,556 4,669,306 rf2,573,163 dl, 107, 188
July 1 to Feb 28
51,625,331 44,692, 133dl9, 767 ,967dl5, 255,961
Atl & Char Air Line. a. Jan
325,517
279,179
53,821
57,830
Mch 1 to Jan 31
3.619,432 3,331,614
877,632 1,016,653
Atlantic & Birming.a.Feb
90,971
78,798
19,342
22,585
July 1 to Feb 28
708,935
668,748
208,698
175,619
Atlantic Coast Line. a. Feb 2,172,973
649,657
1,738,123
703,571
July 1 to Feb 28
16,889,701 14,009,170 5,293,908 5,029,375
Bait & Annap Sh L.a-Feb
15,368
10,669
5,676
2,954
July 1 to Feb 28
127,180
108,500
46,300
34,844
Balt&Ohio-b
Mch 6,711,095 5,910,621 2,488,817 1,971,040
July 1 to Mch 31
57,697,476 50,358,185 20,998,780 17,527,443
Bangor & Aroostook. bFeb
205,631
162,782
75,513
49,655
July 1 to Feb 28
1,572,824 1,364,195
583,284
479,789
Bellefonte Central _ b _ . Mch
5,232
4 ,892
1,188
1 ,938
Jan 1 to Mch 31
15,041
15,741
3,012
5,106
Bridgeton & Saco Riv b Feb
2,937
2,932
632
809
July 1 to Feb 28
32,285
31,430
11,168
9,581
Buff Roch & Pitts. b-. Feb
613,844
532,433
244,839
156,092
July 1 to Feb 28
5,937,725 5,346,062 2.732,473 2,097,713
—
Buffalo & Susque.a.-.Feb
140,204
July 1 to Feb 28
1,057,116
729,822
55.096
389.617
10,403
230,462
88,728
1,055,976
13,147
471,750
4,683
287,892
214,800
2,577.500
83,500
1,172,700
60,200
871 ,600
Canadian Pacific _a_ ..Feb 4,224,452 3,056,094 1,205,744
July 1 to Feb 28
40,029,118 33,460,618 14,660,377
302,172
9,869,590
Central of Georgia. a-. Feb
961,035
July 1 to Feb 28
7,762,873
Northw.a -Feb
94,338
July 1 to Feb 28
1,172,389
Canadian Northern
301,400
Feb
July 1 to Feb 28
3,354,600
California
71 ,443
Feb
233,195
167,368
56,337
39,593
RR_a
482,730
Julyl to Feb 28
1,909,432 1,640,700
602,842
Georgia Southern & Florida See under Southern Ry system below.
346,008
247,704
Grand Trunk Railway -Feb 1,953,413 1,706.194
20,199,867 18,942,363 5,466,052 5,190,607
Julyl to Feb 28
403,919
365,960
37,472
23,359
Grand Trunk West. Feb
450,184
578,733
Julyl to Feb 28
3,643,499 3,331,020
126,529
19,953
7,300
Det Gr Hav &'Mil..Feb
91,003
297,591
1,073,667 1,001,111
313,710
Julyl to Feb 28
4,866
Feb
117,769
104,629
9,733
Canada Atlantic
58,456
18,814
179,342
128,230
Gulf & Ship Island-a-Feb
294,592
449,371
July 1 to Feb 28
1,367,067 1,220,882
Feb
405,616
194,627
86,131
Hocking Vallev.a
533,510
,.357
Julyl to Feb 28
1,689,572 1,397,585
4,493,083 4. 109
665,809
a-Feb 4,366,911 3,613,523 1,389,381
Illinois Central
34,202,571 33,470,093 10,527,677 10,5.55,515
July 1 to Feb 28
489,0.59
144,064
103,096
Interoceanic of Mex-Feb
488,504
V
211,749
333,460
Jan 1 to Feb 28
1,051,249
971,937
/i40,27S
Feb
213,049
169,583
ft9,608
Iowa Central-a
;i252,070
Julyl to Feb 28
1,982,115
1,705,787
7i501,860
27,512
174,103
138,598
47,566
Kanawha & Mich. a.. Feb
151.401
1,452,762 1,177,061
403.658
July 1 to Feb 28
Kansas City Southern (incl
667.330
488.716
161,841
84,103
terminal business)a. Feb
Georgia
—
Net Earnings Monthly to Latest Dates. The following
shows the gross and net earnings to latest dates of all STEAM
railroads furnishing monthly statements.
The compilation
includes every road from which we can get a return of this
character, and in that form is given once a month.
The
figures are published from week to week, as soon as issued,
but for the convenience of our readers all the roads making
returns are brought together here in the week in which we
publish our monthly article on net earnings say, about the
20th of the month.
Current
Year.
$
.Net Eurtiirty.s
Gross Knrn'gs
Previous
Current
Previous
Current
Year.
Year.
Year,
Year.
lioads.
%
%
%
%
Chattanooga .South. a -Mch
11,038
2,403
1 ,5(J5
12.917
91,659
8,244
7,527
July 1 10 Mch 31
102.213
440,616
Chesapeake & Ohio. b. Feb 1,967,689 1,447,251
780,481
4,887.353
July 1 to Feb 28
16,057,659 13,558,213 6,389,519
2.067
ChesterliclcKt Lanca-S-Mch
4,109
2,462
4, .582
7.208
12,449
July 1 to Mch 31
24,434
20,376
Chicago & Alton. a... Feb
706,489
243.584
867.479
172.276
2.478,888 2,858,197
Julyl to Feb 28
8,084.935 8.357.761
Chicago Gt Western. b. Feb 647,799
499.274
154,240
62,702
July 1 to Feb 28
5,957,668 5.090.492 1,805,833
1,484.883
Chicind & Louisv.a.-Feb
109,182
408,906
353,826
69,810
July 1 to Feb 28
1,393,683
3,965,843 3,649.001
1,303.386
Chic Milw & St Paul. a. Feb 4,045,356 3,311,570
785,361
721,173
Julyl to Feb 28
37,427,597 33,588,951 12,973,160 12,330,019
Chicago Term Trans b Feb
135,562
109,437
48,.529
40,820
1,152,802
1,015,898
426.875
377,380
July 1 to Feb 28
Cine New Or & Tex Pac See under Southern Ry system below
210,834
ClCinChic&StL.b-. Feb 1,743,632 1,495,775
386,671
Jan 1 to Feb 28
3,607,684 3,110,591
791,745
572,969
Peoria &Eastern-b_Feb
228,032
208,530
72,297
60,181
Jan 1 to Feb 28
490,659
463,527
154,089
150.248
Colorado Midland. a.. Feb
164.827
125.837
39.293
14,518
238,996
July 1 to Feb 28
1,461,056 1,341,487
396,599
Colorado & Southern Syst (incl Fort Worth & Den City and all affiliated
652,6.55
Hnes)
911,014
244,367
104,669
a. Feb
July 1 to Feb 28
8,071,990 6,461,304 2,624,281
1,637,689
ColumNewb. &Lau.aFeb
4,765
25.832
18,543
4.720
150,794
July 1 to Feb 28
196.768
38,691
28,462
Copper Range
49,179
42,379
13,795
10,687
a. Feb
448,720
399,263
190,131
153,405
Julyl to Feb 28
Cornwall
18,062
9,247
259
a. Feb
3,326
July 1 to Feb 28
136,166
34,092
71,416
5,173
CornwaU& Lebanon. b. Feb
19,544
7.908
35,378
17„399
64,741
Julyl to Feb 28
304,539
164,701
172,819
495,966
360,682
Denver & Rio Gr.b... Feb 1,405,981 1,092,813
13,162,292 11,421,744 5,249,979 4,696,619
July 1 to Feb 28
18.458
Detroit & Mackinac. a. Feb
89,546
72,280
12.197
732,405
633,318
183.433
194,716
Julyl to Feb 28
'67,910
DetTol & Iron ton -b_. Mch
347.597
277,781
121,400
598.400
July 1 to Mch 31
3,168,834 2,628.109 1,070,819
188,422
40,491
45,635
Duluth So Sh & Atl- b. Feb
204,659
574,803
1,749,824
679.943
July 1 to Feb 28
2,021,931
Feb 3,635,419 2,713,080
761,747
160.399
Erie-a
Julyl to Feb 28
33,696,843 29.842,427 9,673,182 8,053,085
Fairchild& North. b.. Feb
1,687
328
1,394
3,343
16,494
6,828
July 1 to Feb 28
25,047
4,606
46,907
40,068
16,757
9,297
Fonda Johns & Gl- a -.Feb
473,798
224,655
530,508
258,341
July 1 to Feb 28
—
J
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Hexican International
Mineral Hanpe- _.
Minneapohs & St Louis
Minn St Paul A S S M
Missouri Kansas & Texas
Missouri Pacir.c & Iron Mtn..
Central Branch
[Vol. lixxu.
707,467
6,936,499
219,690
2,242,622
110,763
1,901,519
Central of New Jer.b,. Feb 1,876,568 1,615,893
July 1 to Feb 28
16,713,276 14,662,075
832,381
8,186,264
688,257
7,011,350
July 1 to Feb 28
4,945.463 4,634,832 1,165.425 1,164,246
o509,074
o531,605
b.Feb 2,306,797 1,952,719
Lehigh Valley
Julyl to Feb 28
22,660,883 20,080,684 o8,644,609 o7, 808,423
& East. b- -Feb
July 1 to Feb 28
Feb
Long Island -b
Julyl to Feb 28
28,258
36,961
340,320
295,352
Inc 84,904
Inc 523,392
94,700
50,720
Louisiana & Ark-a--.Feb
647,331
527,662
July 1 to Feb 28
2,774,510
Louisville & Nashv-b-Feb 3,432,962
28,265,179 25,910,139
July 1 to Feb 28
39,767
35.689
Manis & Northeast b-Feb
89,346
78,836
Jan 1 to Feb 28
b.Mar
6.403
3,920
Manistique
15,101
13,649
Jan 1 to Mar 31
28,541
24,784
Maryland & Penna--. Mch
Lexington
1;
Feb 2,229,926
Mexican Central
July
to
1
Feb 28
2,048,138
18,185,421 16,764,691
Mexican InternationalFeb 623,040
1,262,021
Jan 1 to Feb 28
8,133
Millen & South w.b... Feb
16,122
10,310
89.004
139,745
20,644
Inc
Dec 182,921
12,264
34.586
194.004
242,736
844.769
913,714
8.276.636 8,471,801
13,850
18,025
36.134
44,478
7 def 1,004
761 def 1,762
6,319
8,726
636,795
5.328.789
644,455
5,107,042
170.848
352,586
1,023,371
258,686
534,404
6,015
2,108
1,643
Feb 28
15.948
59,379
52,521
11.924
Feb
56.295
53.819
Mineral Range. b
106.011
500.727
459.459
July 1 to Feb 28
Feb
237,995
192,778
fc62.934
Minn & St Louis. a
Julyl to Feb 28
2,515,271
1,993,011 ikl,021,926
322,409
764,745
523,873
MinnSt P &S S M- b.Feb
7,758,117 6,826,397 4,174.676
July 1 to Feb 28
296,516
Feb 1,616,303 1,339,837
Mo Kan & Tex. a
14,645,809 13,713,424 4,168,250
July 1 to Feb 28
881,422
Feb 3,4.59,758 2.741,303
Mo Pacific syst-b
29,843,390 29,320,090 9,615,847
July 1 to Feb 28
12.410
9,005
125,813
1;
July
&
1
489,545
to
— See
under Southern
Ry system
878,447
Nashv Chat & St L. b.Feb
7,060,658
July 1 to Feb 28
u National RR of Mex. Feb 1.089,954
Jan 1 to Feb 28
2,294,930
703,334
6,694.252
932,644
1,930,606
Mobile
Ohio
fc37.60S
fc743,046
179,064
2.950.828
214,313
3,799,166
259,912
9,314,270
below.
237,768
1.739.258
198,99a
1.841.488
411,713
906,821
594.572
270,851
APR. 21
THE CHRONICLE.
1906.]
Gross Earn'gs
Previous
Current
Year.
Year.
Net Earnings
Current
Year.
Previous
Year.
Roads.
Nevada Cal & Ore.a.-Feb
July 1 to Feb 28
Feb
Nevada Central -b
11, ,763
12,207
146 ,287
156,656
3,666
1, 865
21 ,275
31,226
Julyl to Feb 28
419, ,792
N Y Ont & Western. a-Feb 457,866
4,570 ,472
5 ,047,280
Julyl to Feb 28
201 ,393
N YSusq & West_a..-Feb 204,497
1 ,878,417
1,730 357
Julyl to Feb 28
Norfolk & Western, b. Feb 2 ,233,548 1,741, 571
18,,496,052 15,422, ,278
July 1 to Feb 28
670, 179
835,579
Northern Central. b. . .Feb
1,410, ,215
1,.783,315
Jan 1 to Feb 28
12 342
16,231
Ohio Riv (fewest -a. -.Feb
135 169
155,824
July 1 to Feb 28
Pennsylvania Lines directly operated
East of Pitts & Erie.FeblO, 905,124 8,688, 824
22,,955,298 17,999 ,598
Jan 1 to Feb 28
Inc. 876,800
West of Pitts & Erie. Feb
Inc. 1,864, 000
Jan 1 to Feb 28
980 ,016
Wash.b Feb 097,216
Phila Balto &
284,556 2,036 ,556
Jan 1 to Feb 28
447 ,940
Feb
543,723
Pliila <fe'Erie.b
175,358
937 ,011
Jan 1 to Feb 28
149,467 1,860 ,545
Pitts Cin Ch & St L.a_Feb
593,843 3,943 ,546
Jan 1 to Feb 28
6,648
5 ,414
Raleigh & Southp't.a.Mch
46,224
36, 264
July 1 to Mch 31
—
3,375
3,858
68,174
65,488
1,435
331
15,619
6.883
74,009
19,811
1,441,497 1,255,652
36,548
47,802
568,562
578,763
913,049
583,364
7.488,284 6.049,904
77,484 def. 22,816
267,512
12,612
5,620
2,486
23,974
24,249
2,377,162 1,237,862
5,562,796 2,989.696
Inc. 257.300
Inc. 749, 600
167,913
88,913
379.596
247,196
36,721
defl0,039
126,003
10,209
369,700
253 ,025
932,599
636,125
3,684
2,022
18,323
11,222
Reading Companies
Phila & Reading. b. Feb 3 ,253,274 2,602.203
1,022,633
979,754
27 ,528,268 23.730,968 11,024,763 10,964,999
Julyl to Feb 28
Coal & Iron Co. b... Feb 2 943,198 3,310,330
201 ,504
221,048
23 861 ,239 23,182,315
Julyl to Feb 28
1,613,897
1.597,286
Total both Co's.b-.Feb 6 196,472 5,912,533
1,224,137
1,200,802
51 389,507 46,913,283 12,638,660 12,562,285
Julyl to Feb 28
Feb
Reading Co. b
137,517
115,821
July 1 to Feb 28
992,550
941,519
Total
all
Co's-b
Feb
Julyl to Feb 28
Jan
Rich Fred & Pot
142,718
July 1 to Jan 31
932,690
Rio Grande Jet
Feb
44,830
Dec 1 to Feb 28
148,525
43,078
Rio Grande South b. Feb
July 1 to Feb 28. _.
387,136
Rock Island Sys.a.-.Feb 3,979,204
July
1 to
Feb 28
35,167,655
& Gr
Island. b_. Feb
111,971
1,049,096
Julyll to Feb 28
St Jo
& San Fran. a. Feb 3,396,492
July 1 to Feb 28
28,580,711
St Louis Southwest. b-Feb
708,738
Julyl to Feb 28
6,019,126
Seaboard Air Line. a. .Jan 1,314,669
July 1 to Jan 31
8,551,923
Southern Indiana . b
Feb
120,290
July 1 to Feb 28
971,394
Southern Pacific. a. ..Feb 8,001,844
July 1 to Feb 28
69,786,157
St Louis
Southern Rv syst
Southern Ry
120,681
818,474
29,002
117,030
35,734
324,001
2,794,104
29,706,034
74,064
823.848
2,481,934
26,086,560
529,899
5,959,385
1,049,212
7,633,132
106,568
955,450
6,581,998
63,240,992
1,361,654 1,316,623
13,631,210 13,503,804
50,108
30,513
321 ,286
246,314
?a3,449
n8,701
n44,557
n35,109
121,978
14,714
172,503
160,394
1,011,112
132,287
10,688,959 8,441,584
28,822
272
359,057
175,150
1,085,353
363,597
9,631,961
8.831,474
137,744
30,442
1,621,347
1,825,728
356,152
268,150
2,505,787
2,230,688
45,240
43,813
380,294
417,935
2,012,441
1,390,209
23,424,302 20,531,846
a.Feb 4,433,002 3,411,850 1,075,852
July 1 to Feb 28
35,590,801 32,072,798 10,216,767
Mobile & Ohio. -.a. Feb
788,371
556,138
260,377
'
July 1 to Feb 28
6,127,619 5,427,415 2,073,101
Cin N O & T Pac-a.Feb
709,423
541 ,067
165,364
July 1 to Feb 28
5,451,291 4,845,118 1,280,322
Ala Gt Southern. a. Feb
326,189
215,273
47,455
July 1 to Feb 28
2,505,302 2,107,418
490,863
Georgia So & Fla.a.Feb
172,624
140,311
34,826
July 1 to Feb 28
1,281,515 1,155,150
333,214
Texas Central a
.Mch
73,427
03,590
24,562
July 1 to Mch 31
744,355
656,858
298,819
Tidewater & West.b-.Jan
9,798
6,633
3,526
July 1 to Jan 31
53,070
55,575
12,283
Toledo & Ohio Cent. a. Feb
346,596
251,481
107,695
July 1 to Feb 28
2,911,260 2,688,037
829,713
Tol Peoria & West. b. Mch
100,958
98,512
16,112
Julyl to Mch 31..:. 1,006,702
985,152
223,391
Tol St Louis <fe West.. Feb
312,998
229,196
86,277
July 1 to Feb 28
2,822,006 2,536,669
750,301
Union Pacific. a
Feb 4,728,351 3,821,461 1,937,951
July li.to Feb 28
45,660,611 39,826,835 21,398,917
Virginia & Southw.b.Feb
75,472
51,562
.33,916
Julyl to Feb 28
639,753
405,304
252,120
Wabash
b.Feb 1 ,940,555 1,575,771
382,645
Julyl to Feb 28
16,675,252 17,233,796 4,755,038
West Jersey &Seash. b.Feb 265,444
205,144
27,084
Jan 1 to Feb 28
529,854
400,654
38,388
Western Marylanil. a _. Feb
264,772
354,749
2/128,486
July 1 to Feb 28
3,037,940 2,514,296
2/974,457
Wheeling & Lake Erie b Feb 406,433
298,580
136,933
July 1 to Feb 28
3,758,142 2,939,945 1,112,843
W'msport & North BraFeb
12,909
10,406
3 ,665
July 1 to Feb 28
119,574
113,430
41 ,004
Wisconsin Central. b.. Feb
522,525
393,355
154,141
July 1 to Feb 28
4,707,146 4,382,696
1,700,527
Wrightsv & Tennille b Feb
sl7,871
si 2,682
6,131
July 1 to Feb 28
si 42 ,635
Sl28,997
54,625
Yazoo & Miss Vail. a.. Feb
791,248
558,490
147,615
July 1 to Feb 28
5,583,267 6,003,281
633,160
a^Net earnings
b Net earnings
771,919
9,170,818
137,400
1,791,640
132,646
1,124,470
30,505
400,393
29,820
287,865
18,125
242,660
def. 36
5,536
25,205
694,849
13,872
196,489
10,110
597,867
1,598,168
18,841,911
24,590
168,270
3,961
3,339,282
def. 12,9 16
def. 52, 812
7/86,935
2/924,369
.50,814
551,556
3 ,987
33,927
61,658
1,479,212
4,910
45,804
def. 27,630
1,638,386
given are after deducting taxes.
given are l)efore deducting taxes.
d For February 1906 taxes and rentals amotnited to 1194,584 against
$186,660 after lieducling which net for Fchruarv 190G was $2,378,579
against 8920,528.
From July 1 to Feb. 28 1906 net after deducting taxes
and rentals is $18,184,465 again.st 813,781,384 last year.
h For February ariditional income is 85,903 this year, against $4,753
last year.
From July 1 to Feb. 28 additional income is S38,500 this year,
against $38,285 last year.
Ic For February additional income is $7,266 this year, against $12,642
From July 1 to Feb. 28 additional income is $121,623 tliis
last year.
year against $86,905 last year.
n These figures represent 30 p. c. of gross earnings.
Iicro
923
o Including other income, total income (exclusive of results of coal
companies) for February is $548,093 in 1906 against $512,377 in 1905
and for period from July 1 to Feb. 28 is $8,986,180 in 1906 against
Deductions from total income for additions and
$8,151,680 in 1905.
improvements were $23,218 in Feb. 1906 against $39,225 in 1905, and
from July 1 to Feb. 28 1906 were $904,186 against $819,387 last year.
s
Includes $430 other income for February this year, against $414
and for July 1 to Feb. 28 $3,654 in 1906 against $3,079 in 1905.
last year,
u These figures are in Mexican currency, convertible into gold at the
current rate of exchange.
2/
For February additional income and net
profits
from
coal, &c., were
1 to Feb. 28,
$60,225 this year against $37,220 last year; and from July
$553,810 this year, against $448,455 last year.
—
Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below these charges:
—
Roads
Atlantic
&
Birming-. -Feb
Julyl to Feb 28
& Aroostook.. Feb
Bangor
July 1 to Feb 28
Mch
Bellefonte Central
Jan 1 to Mch 31
— —Bal.
&c.
Previous
Year.
$
Int., Rentals,
Current
Year.
$
17,042
133,420
59,125
423,543
14,853
116,616
46,322
372,211
300
900
330
990
Bridgeton & Saco Riv.Feb
July 1 to Feb 28
543
543
4,344
4,344
Buffalo & Susque
Feb
31.557
21,371
July 1 to Feb 28,.-.
243,066
161,466
Cahfornia Northw
Feb
22,765
22,931
July 1 to Feb 28
218,860
212,262
Cent of New JerFeb 6692,420
6609,502
July 1 to Feb 28
64,943,895 64,740,734
Chicago Great WesternFeb el71,041
el72,537
Julyl to Feb 28
el ,367,690 el ,376,082
CI Cin Chic & St L
Feb
348,516
321 ,667
Jan 1 to Feb 28
705,870
642,550
Peoria & Eastern. --Feb
45,086
44,582
Jan 1 to Feb 28
90,150
89,149
Copper Range
Feb
8,438
8,438
Julyl to Feb 28
67,500
07,500
Cornwall & Lebanon -.Feb
4,141
4,014
Julyl to Feb 28
33,306
32,168
Denver & Rio Grande. Feb
337,716
344.775
July 1 to Feb 28
2,776,715 2.763.861
Detroit Toledo & Ironton—
Julyl to Mch 31
877,179
581,527
DufuthSoSh &lAtl-..Feb
91,641
85.841
July 1 to Feb 28
703,804
738,816
Georgia RR-Feb
a51,515
a51,093
July 1 to Feb 28
o414,844
a416,099
24,748
Gulf & Sliip Island. -.Feb
26,644
July 1 to Feb 28
203,956
200,100
Hocking Valley
Feb
71,494
63,504
July 1 to Feb 28
527,427
613,006
Kanawha & Michigan-Feb
19,699
19,729
July 1 to Feb 28
160,196
159,732
Louisiana & Arkansas. Feb
16,437
11,350
103,177
July 1 to Feb 28
90,800
Mani.stee & Northeast Feb
6,766
6,672
.Ian 1 to Feb 28
13,532
13,344
Maryland & Penna- -Mch
3,834
3,834
Millen & Southw
Feb
160
1,298
Mineral Range
Feb
9,947
9,446
July 1 to Feb 28
76,671
75,671
Mo Kan & Tex
Feb
388,765
355,402
July 1 to Feb 28
2,940,950 2,830,043
Nashville Chat & St L.Feb
148,500
148,942
July 1 to Feb 28
1,196,006 1,202,456
2,142
Nevada Cal & Oregon. Feb
2,113
July 1 to Feb 28
17,017
17,257
N Y Ont & West
Feb
69,529
60,499
July 1 to Feb 28
564,192
491,335
Norfolk & Western- -.Feb
347,540
317,173
July 1 to Feb 28
2,707,295 2,443,116
Reading all Cos
Feb
868,500
884,015
July 1 to Feb 28
6,948,000 7,072,126
Rio Grani'e Junction --Feb
8,334
8,334
Dec 1 to Feb 28
25,000
25,000
Rio Grande Southern. Feb
17,733
18,899
July 1 to Febi28
145,454
143.880
21,434
21,181
St Joseph & Grand Lsl. Feb
170,608
July 1 to Feb 28
167,342
Jan
254,761
Seaboard Air Line
264,768
July 1 to Jan 31
1,807,529
1,751,819
Texas Central
.-Mch
2. .583
2, .583
July 1 to Mch 31.
.
23,247
23,247
282
361
Tidewater & Western-Jan
2,004
2.523
July 1 to Jan 31. 37,061
Toledo & Ohio Central Feb
38,418
309,740
301,054
July 1 to Feb 28
Toledo Peoria & We.st. Mch
23,472
23,493
206,9.50
216,818
Julyl to Mch 31
60,740
59,376
Tol St Louis & West -.Feb
466,250
488,166
July 1 to Feb 28
W'm,sport & North Br. Feb
2,798
2,,S42
22,657
23,205
July 1 to Feb 28
145,047
Wisconsin Central
Feb
150,923
1,168,363
July 1 to Feb 28
1,197,637
of
Current
Year.
—
Net E'ngs.
Previous
Year.
$
$
2,300
42,199
16,388
169,741
888
2,112
266
6,824
x32,580
x227,174
def9,618
252,890
139,961
3,242,369
7,732
92,082
3,333
107.578
1,608
4,116
89
5,237
x4,197
a;204,090
defl8,248
75,630
78,755
2,270,616
def 16,801 defl09,835
108,801
438,143
z46,649 xdefl09,051
xl03,642 xdef67,551
a:34,548
xl6,849
x71,276
x62,499
2,249
5,357
122,631
85,90&
3,894
13,258
139,513
32,573
/160,385
f62,655
f2,634.850 r2, 107, 370
^
a;216,388
x25,851
xdef49.716 zdef38.948
xdefl4,692xdefl54,027
x5,427 xdefll,325
x77,273
z201,776
x35,717 xdef7,274
x262,123
x99,237
xll,190
131,123
xl, 363,041 xl, 134, 109
x28,420
x8,294
x248,308 xdef3,492
x20,367
xl,360
xl51,228
xl20,956
7,178
11,259
22,790
30,946
2,485
4,892
1,483
810
xdef.259
x2,202
x31,050
x51,371
(lef92,249 defl41,0S9
969,123
1,227,300
60,051
89,268
639,032
543,252
1.716
1,262
61,157
48,231
4,480 dof40,688
877,305
764,317
266,191
505,509
4,780,989 3,606,788
432,608
493,154
6,683,210 6.431,679
367
5,115
10,109
19,557
def4,185
x4.623
x20,867
x36,627
7,388 def20,909
4,542
191,715
x98,045
x20,864
x502,860
x713,123
15,542
21,979
219,413
275,572
def 397
3,244
3,013
10,279
x69 718 xdefl 1,774
x424.797
x523,676
<lef 9,621
def 7,360
clef 20,331
16,441
x26,088 xdof4S,894
xl41,761
x277,392
1,146
867
11,270
17,799
x4,665.rdef 81,435
x335,365
x525,354
,
licrc
a Charges here include road rental (paid by lessee) and other deductions.
6 Included in the fixed charges are expenditures for renewals, additions
and improvements'iimounting to $151 ,479 for Feb. 1906, against $109,863
for Feb. 1905, and to $1,2.35,736 for period from July I to Feb. 28,
against $1,073,045 the previous year.
c Charges include interest on debenture stock.
f These figures are after allowing for other income and for discount
and exchange. The sum of $10,000 is deducted every month from
and placed to the credit of the licnewal Fund.
suri)lus
X After allowing for other income received.
THE CHRONICLE.
924
Miscellaneous Oompaxues.]B
Gross Eurn'(/s
Current
Previous
Yfiir.
y'nir.
*
3
Companies.
Oct
1
to
i'e'ir.
S
30,995
Mch
Buffalo Gas Co.
Mdi
Name
Net Earnings
Current
Previous
220, 6S()
31
Cumberland Tel&Tel a Mch
432,206
Jan 1 to Mch 31
l,30l;734
Cuyahoga Tcleph Co-_Feb
52,136
Jan 1 to Ffl) 28
103,607
Ed ElecIllCoBrookton Feb
14,285
Jan 1 to Feb 28
30,705
Fall Kiver Gas Works .Feb
26,007
Jan 1 to Feb 28
59,559
Houghton Co Elec Lt.Feb
19,888
Jan 1 to Feb 28
45,248
Hudson Riv Elec P Co _ Feb
67,783
Jan 1 to Feb 28
143,822
Keystone Teleph Co.. Feb
67,533
July 1 to Feb 28
535,042
355,448
1,114,559
39,001
76,978
11,853
26,396
25,612
56,531
18,322
37,986
48,323
108,107
Lowell Elec Lt Corp. .Feb
24,099
Jan 1 to Feb 28
50,058
Mil Gas Lt Co.
Feb
Jan 1 to Feb 28
Minn Gen Elec Co
Feb
71,250
Jan 1 to Feb 28
145,091
Pacific Coast
443,855
Feb
July 1 to Feb 28
4,429,177
Pocahontas CoUieries.Feb
July 1 to Feb 28
Wilkes-BGas&ElCo.Feb
28,486
61 932
Jan 1 to Feb 28
20,790
43,278
56,106
119,063
402,282
4,125,080
24,781
52,786
147,773
462,805
30,235
57,333
4,302
10,607
9,093
22,7X1
10,038
25,394
31,471
71,689
30,897
242,703
10,912
21,182
87,235
179,667
39,454
80,311
71,455
991,072
26,221
308,214
14,335
32,489
—
Previous
Year.
$
11,259
39,155
13,929
27,808
ElecIllCoBrockton Feb
Jan 1 to Feb 2S
Current
Year.
$
14,535
49,196
17,343
34,458
729
1,458
FaU River Gas Works.Feb
876
316
759
Companies.
Cumberland Tel & Tel. Mch
Jan 1 to Mch 31
Cuj'ahoga Teleph Co_ _Mch
Jan
Ed
Jan
1
to
Mch
31
..
Feb 28
1,387
Houghton Co El Lt Co .Feb
2,188
Jan 1 to Feb 28
4,375
Keystone Teleph Co.. Feb
a23,278
July 1 to Feb 28
0187,554
Lowell Elec Light
Feb
690
Jan 1 to Feb 28
1,472
Minneap Gen Elec
Feb
9,050
Jan 1 to Feb 28
18,100
Pocahontas CoUieries.Feb
dl6,570
July 1 to Feb 28
d231,256
1
to
670
1
,340
2,188
4,375
930
2,051
10,451
19,986
dl5,512
30,196
202,799
129,512
432.778
19,210
37,070
2,996
9,0tl
7,647
17,697
10,744
22,068
17,984
48,655
10,490
20,717
60,845
132,878
27,711
62,282
55,513
813,405
15,488
13,039
28,989
—
—Bat. of Net E'ngs.
Current
Previous
Year.
Year,
$
$
133,238
118,253
413,609
393,623
a-14,894
a-26,647
.t7,331
a:13,238
3,573
9,149
8,217
21,394
7,850
21,019
7,619
55,149
10,222
19,710
30,404
62,211
9,651
76,958
2,326
7,701
7,331
16,938
8,556
17,693
9,560
18,660
17,260
42,296
def24
Latest Gross Earnings.
Current
Year.
Albany & Hudson. March
aAmerican Rys Co_ March
Atl Shore Line Ry. February .
Aur Elgin & Chi Hy February .
Binghamton llvMarch
Birm Ry Lt & Pow February .
Boston & Worcest'r February .
BurUngt'n (Vt) Tr. February .
Cent Penn Trac
February .
Charleston Cons Ry
Gas & Elect
March
Chi & Mil Elec
March
dChi & Oak Park. March
Clev & S
Tr Co. March
Clev Painsv & E
March
Detroit Mon & ToL (st wk Apr
Detroit United Rv. 1st wk Apr
Duluth Street Ry. 2d wk Apr
East St L& Sub... February .
Elgin Aurora & So. February .
El Paso Electric _.- February _
Ft Wayne & Wab
Valley Traction. February .
Cialve.ston Elect Co February .
Havana Elec Ry Wk Apr 15
Honolulu Rapid Tr
& Land Co
February .
Houghton Co St Ry February _
Houston Elec Co.. February .
Ilhnois Trac Co
March
W
.
.
^
Indianap Col & So. February .
Jackson Consol Tr. February .
Jacksonv Elec Co _ Februar.v _
Kan City Rv & Lt February .
Kan City-West Ry. January ..
Lake Sh Elec Ry.. February .
Lehigh V Transit . March
Madison & Int Trac February .
Manila El Ry & Ltg
Corp Ry Dept„ March
Lighting Dept.. March
Trucking Dept _ _ March
Total
March
Met West Side Elev March
—
Rv&Lt Co March
& Tr Co Marcli
Montreal Street Ry Wk Apr
Nashville Ry &Lt. February
Mil Elec
Mil Lt H
.
_
NJ&HRRy&F Co-
N
Railway Dept
Ferry Dept
O Ry & Lt Co
, _
February
February
February
7
.
.
.
.
Previous
Year.
Jan.
1
to
Current
Year.
latest
date.
Previous
Year.
S
20,381
176,801
6,932
23,099
18,988
111,023
21,951
5,352
36,707
573,034
20,422
78,093
61,402
286,724
57,645
12,715
95,362
60,035
501,474
15,606
49,358
54,360
230,643
44,356
10,591
75,617
51,841
40,453
74,145
42,321
15,450
4,712
94,805
14,325
107,655
37,062
27,797
46,314
30,290
71,918
37,219
14,134
156,147
120,490
211,809
128,606
45,238
137,487
78,715
201,591
102,385
38,688
82,826
12,446
95,425
31,390
21,864
1,282,462
190,299
221,870
77,775
55,143
,l"l"o',824
152,096
37,649
568,461
130, .586
62,020
15,778
2/34,608
26,911
13,676
39,269
215,750
14,999
9,055
22,371
385,019
19,445
52,128
61,621
8,498
24,951
12,144
30,919
178,265
11,455
7,958
23,91fi
310,503
15,134
41,043
53,232
7,314
42,500
28,500
1
$
(i.'^,902
54,869
28,508
82,346
658,566
30,855
18,800
47,284
811,874
19,445
111,756
178,313
17,207
165,402
201,252
65,296
45,709
34,358
526,832
51,240
27,818
65,491
540,005
24,083
15,815
49,476
657,882
15,134
88,877
137,306
15,016
128,000
88,750
72,500
214,162
274,026
44,785
52,363
97,232
13,313
8,693
506,508
Lt Ht & Pow Co.
San Fran Oakl'd &
San Jo.se Ry
Savannah Elec Co.
Schuylkill Ry Co..
Seattle l^lectric CoSouth Side Ele v . .
219,3.50
605,026
804,559
130,435
736,868
203,164
542,989
742,027
111,688
642,222
160,618
8,993
5,450
27,649
18,324
1,005,086
18,601
11,527
1
date
latest
to
Year
$
42,808
67,113
124,775
100,354
71, .580
131,989
118,996
11,369
8,782
7,905
9,133
12,048
14,902
147,409
.
.
7,624
6,252
7,766
9,486
12,956
11,712
124,452
55,702
14,698:
.
.
.
Current
Year.
i
115,345
211 ,235
374,836
240.618
29,830
25,894
7,905
19,343
25,655
31,869
i
,
Previous
Year.
$
92,845
192,890
349,335
205.027
23"627
6,252
16,882
19,428
27,240
305,1701
259,403
March
February
February
February
February
192,197
164,335
49,083
41,170
97,391
81 ,551
.
45,821
39,491
95,439
80,831
12,816
.
9,751
27,365
21,700
.
216,943 179,925
4.52,339
381 ,685
March
147,972 141,645
424,309
396.308
2.-.3,632
Syracu.se R T Ry.. March
88,221
77,153
219,935
Tampa P^lectric Co. February . 35,872 30, .590
61,729
73,711
Terre Hte T tt L Co February .
54,902
40,746
114.733
86,993
Tol Bowl Gr<tSo Tr Marcli
26,083
78,063
Toledo Rys & Light March
430,914
158,285 146",.565
460,149
Toledo & Western. February _
15,789
12,618
36,486
28,070
Toronto Railwav.. Wk .A.pr 14
56,480
46,415
686,913
796,157
Twin Citv Rap Tr. 1st wk Apr
82,6.50 1,294,128 1,111,815
97,710
United liys of St L March
707,482 683,190 2,043,485 1,843,022
United of San Fran February . 563,906 516,966 1,164,116 1,060,337
Wash Alex & Mt V February .
18,868
13,304
36,871
29,657
a Figures for the month in both years include operations of the Scranton Ry., acquired Jan. 1 1906. I) Total is from March 1. d These are
results for main line,
y Spanish silver in 1905, American currency in
1906; also affected
by
.
strike.
—
The following table gives
railway gross and net earnings
reported this week.
A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of March 31 1906.
The
next will appear in the issue of April 28 1906.
Street Railway
the returns of
Net Earnings.
STREET
Gross Earn'gs
Current
Previous
Year.
Year.
s
Roads.
Albany
& Hudson. a. -Mch
t9 Mch 31...
Binghamton Rail way. Mch
Jan 1 to Mch .31
Julyl to Mch 31
1
G& E.Mch
Charl'n Con Ry
Chic & Milw Elec
Jan
to
1
Ry _ .Mch
Mch 31
& Southw .Mch
1
.
to
Mch
31
& East _a_ Mch
Jan 1 to Mch 31
Electric Co. a. Feb
El Paso
Jan 1 to Feb 28
Mch
Duluth St Ry.b
Jan 1 to Mch 31
Galveston Elec Co.. a .Feb
Jan 1 to Feb 28
Hought Co St Ry Co . a . Feb
Jan 1 to Feb 28
Houston Electric Co. a. Feb
Jan 1 to Feb 28
Illinois Traction Co. a _ Mch
Jan 1 to Mch 31
Jacksonv' e Elec Co .a. Feb
Jan 1 to Feb 28
Manila Elec RR & Lt CorpMch
Rv Dept
Jan 1 to Mch 31
Lighting Dept
Mch
Jan 1 to Mch 31
Mch
Trucking Dept
Mch
Total all Depts
Mch 31
Jan 1 to
Jan 1 to Mch 31
Mil Lt Heat & Trac Co ..
Nor Ohio Traction . a _ . Mch
Jan 1 to Mch 31
Olean Street Rv-b._-Moh
Jan 1 to Mch 31
Julyl to Mch 31
Savannah Elec Co. a ..Feb
Jan 1 to Feb 28
Seattle Electric Co. a ..Feb
Jan 1 to Feb 28
Syracuse Rap Tran.b.Mch
Jan 1 to Mch 31
Julyl to Mch 31
Tampa Electric Co. a. Feb
Jan 1 to Feb 28
TerreHauteTr&LtCo.a Feb
Jan 1 to Feb 28
Tol Bowl Gr & So a .Mch
Jan 1 to Mcli 31
Jan
193,522
252 ,833
39,310
46,308
76,246
Jan.
Rv
St Josi-i)h (Mo)
Toledo Rys
,.->oo
Previous
65,406
Ltg& RRCo February
M'K & Green February
Pottsv Union Trac February
Rochester <& East. February
Rochester Railwav February
MilwElecRy&Lt Co. b. Mch
;>23,399
71,951
18,300
Pitts
Clev Painsv
$
21,181
195,856
10,101
38,549
21,567
138,788
27,747
6,515
45,531
2/23,955
Peeks
'
S
54.852
.
Jan
of
Week or
Month.
Current
Year.
or
Norfolk Rv & Light February .
Nor Ohio Tr<tLt Co March
Northwestern Elev March
OaklandTr Cons
February .
Oklahoma City lly March
Olean Street Hy.-. Marcli
Orange Co Traction .latniary ..
Cleveland
STREET RAILWAYS AND TRACTION COMPANIES.
Road.
Week
Month.
July
a Charges here include renewal reserve.
d Includes sinking fund and preferred stock dividend.
X After allowing for other income received.
Name
Latest Orost Earnings.
of
Road.
year.
$
Interest Charges and Surplus.
—Int., Rentals, &c.
[Vol. lxxxti.
1
&
to
Lt Co. a. Mch
Mch
31
21,181
257,641
21,567
61,402
214,938
51,841
40,453
120,490
42,321
128,606
15,450
45,238
27,797
55,143
58,402
163,174
18,300
37,649
13,676
28,508
39,269
82.346
215,750
658,566
22,371
47,284
42,500
128,000
28,500
88,750
1,500
72,500
219,350
274,026
804,559
71,580
211,235
8,782
25,894
94,682
45,821
95,439
216,943
452,339
88,221
253,632
763,659
35,872
73,711
54.902
114.733
26,083
78,063
158,285
460,149
Toledo & Western Rv.Feb
15,789
Jan 1 to Feb 28
36,486
United Rys of St L.a.Mch
707,482
Jan 1 to Mch 31
2,043,485
United Traction Co. faJan 1 to Mch 31
411,910
Julyl to
Mch
31
1,305,966
s
Net Earnings
Current
Year.
»
•
Previous
Year.
s
20,381
228,139
18,988
54,360
191,917
46,314
30,290
78,715
37,219
102,385
14,134
38,688
21,864
45,709
50,863
141,906
15,778
34,358
12,144
27,818
30,919
65,491
178,265
540,005
23,916
49,476
5,581
17.652
9,260
16,854
24,498
65,826
4,594
9,976
1,001
2,486
11,458
24,398
91,492
293,553
7,647
18,023
10,715
23,164
80,218
244,613
10,300
20,925
252,833
742,027
20,000
62,750
13,700
43,600
152
33,852
106,507
133,996
398,611
121,548
352,136
67,113
192,890
7,624
23,027
83,405
39,491
80,831
179,925
381,685
77,153
219,935
660,498
30,.590
61,729
40,746
86,993
5,669
63,544
9,817
25,295
103,098
20,008
18,234
54,527
15,010
46,765
30,293
90,490
3,989
12,599
47,248
16,574
34,329
73,508
153,011
37,856
109,328
336,663
16,550
33 ,980
18,706
39,387
11,502
33,415
73,583
217,134
4,920
52,852
8,302
21,642
89,326
17,495
15,146
34,029
12,584
32,050
4,999
10,845
7,500
16,669
21,646
59,447
def
79
741
28,948
82.171
3,449
11,054
41,813
15,814
31,547
58,352
117,476
32,240
89,525
281,631
12,186
24,405
10,048
26,108
146,565
430,914
12,618
28,070
683,190
1,843,022
4,981
13,028
250,923
761,178
70,893
209,921
1,988
6,823
225,026
544,320
401,420
1,289,982
161,593
458,211
166,607
533,267
a Net earnings here given are after deducting taxes.
b Net earningsPiere given are before deducting taxes.
ArK. 21
New York
Interest Charges and Surplus.
-Int., Rentals,
Roads.
& Hudson
Albany
Mch
July 1 to Mch 31--Charl'n Cons Ry & Lt.Mch
Clev Painsv & East. -_Mch
Jan 1 to Mch 31
Mch
Duluth Street Ry
Jan 1 to Mch 31
El Paso Electric Co... Feb
Jan 1 to Feb 28
Feb
Galveston Elec Co
Jan 1 to Feb 28
Houghton Co St Ry..-Feb
Jan 1 to Feb 28
Houston Electric Co. .Feb
Jan 1 to Feb 28
Jacksonville Elec Co. _ Feb
Jan 1 to Feb 28
Milw Elec Ry & Lt Co .Mch
Jan 1 t oMch 31
Milw Lt H & Trac Co. Mch
Jan 1 to Mch 31
North Ohio Trac Co ..Mch
Jan 1 to Mch 31.Mch
Olean Street Ry
Jan
to
to
1
July
1
Mch
Mch
31
31
Electric Co -Feb
Jan 1 to Feb 28
Savannah
Seattle Electric Co
Jan 1 to Feb 28
925
THE CHRONICLE.
1906.
Feb
Syracuse Rapid Tran-Mch
Current
Year.
$
8,796
48,796
12,967
6,842
20,198
17,496
52,482
3,758
7,507
4,167
8,333
3,824
7 722
7,729
15,903
3,325
6,650
7-89, 01
r259,326
r24,502
r68,193
22,660
68,000
2,809
8,279
24,110
10,904
21,808
27,265
50,495
22,386
66,237
188,742
Ac-
Previous
Year.
-Bal. of Net E'rigs.—
Current
Year.
$
7,021
Previous
Year.
def2,101
5,831
4,579
def 1 ,680
def9,170
4,899
def3,127
14,748
7,041
def 1,261
def2,546
7,002
13,344
5,502
9,347
47,021
12,916
6,679
20,015
16,747
50,187
3,444
6,800
9,260
4,056
9,869
427
3,402
6,809
8,497
16,885
3,017
6,033
r74,101
r219,643
rl9,051
r56,366
22,917
68,751
2,693
8,079
23 ,900
10,554
21,107
24,880
50,015
20,471
61,117
182,842
1,902
3,839
9,098
18,069
1,643
def 2,823
def 5,236
3,729
8,495
4,322
11,373
a:48,429
a;147,558
14,892
a:48,745
a;137,078
x790
473
def 3,532
6,031
13,420
756
2,975
17,913
5,260
10,440
33,472
67,461
11,769
28,408
98,789
10,284
20,566
& Hudson
River Railroad.
ment, &c.
Below is given a four-year comparison of the earnings,
expenses, charges, operations, &c.:
FISCAL RESULTS.
Calendar Year
1905.
Miles operated
Earnings from —
Freight
Passengers
def 3,481
def 6,068
2,218
6,279
7,283
a:5,138
7,627
22,490
1,180
4,320
23,138
5,670
12,521
46,243
102,516
15,470
43,091
147,921
16,550
33,980
6,074
16,338
Central
{Report for Fiscal Year ending Dec. 31 1905.)
On pages 934 to 937, inclusive, there is published the report in full signed by Mr. W. H. Newman, President; also
the balance sheet and comparative tables of traffic, equip-
Express
Mails
UentalVI
Miscellaneous
-
-Year ending June 30
1902-03.
3,422
1903-04.
1904.
3,515
$
3,490
3,774
$
52,312,331
25,761,387
2,868,942
2,711,344
2,179,555
262,042
46,932,254
24,174,034
2.724,231
2,410,235
2,160,660
171,794
46,233,676
24,050,121
2,615,895
2,405,313
2,208,271
168,946
46,858,713
23,581,576
2,387,939
2,398,285
2,175,077
204,189
86,095,602
78,573,209
77,682,221
77,605,778
Maint. of way, &c... 9,984,101
Maint. of equipment. 13,238,125
34,360,221
Transportation
2,385,582
General
9,487,347
10,960,875
32,097,450
2,023,694
10,090,893
11,358,295
32,289,027
2,021,846
10,469,570
10,882,375
30,317,130
1,790,239
59,968,029
54,569,366
55,760,061
53,459,314
1,532,722
1,553,019
Total
Expenses
—
Total
New
construction]
(add'ns, bett'm'ts)[
New equip. (add'ns)J
P. c. of exp. to earns.
Add—
Div. on L. S.
&
(69.45)
(71.78)
(68.89)
24,594,851
Netearnings
(69.65)
22,450,823
21,922,160
24,146,464
3,623,136
3,623,136
3, .585, 395
3,170,244
Mich.
owned. _.
Dividend on Michigan
Central stock owned
Dividend and interest
on other securities.
Int. on loans, notes
and sundry bills. _.
So. .stock
to
1
Tampa
Mch
Mch
31
31
Electric Co
1 to Feb 28
Feb
Nil
Nil
Jan
Terre
H
Tr
Jan
1
&
Lt Co .-Feb
to Feb 28
Tol Bowl Gr
Mch
& So
Jan 1 to Mch 31
Toledo Rys & Lt Co -.Mch
Jan 1 to Mch 31
United Rys of St L-.Mch
Jan 1 to Mch 31
United Traction Co
Jan
1
July
1
to Mch 31
to Mch 31---
12,632
23,049
9,715
29,896
42,200
126,794
198,026
595,244
86,581
259,744
8,048
1,787
3,519
42,863
128,383
199,129
598,472
31,383
90,340
52,897
165,934 def
86,241
259,558
a-78,533
x206,657
28,030
81,538
25,897
54,152
x81,683
x276,714
an allowance for depreciation.
X After allowing for other income received.
r Charges include
1
m.. 1,448.798, 905
Rate per ton per mile
Pas.sencers carried
PaMenKer.s carried one m.
Rate per p;vsscnger perm.
Earnings
Passengers
Freight
—
Total
(Incl. all taxes).
Net earnings
S
994.924
6,258,288
425,095
6.503,3.S9
215.649
962,199
5,265,737
195,256
8.359.422
5,948,237
7.078,307
5,314,253
7.781.186
5.414,788
6,423.192
4,349,208
2,364.054
22.211
552,442
327,946
32,596
31,118,351
Gross income
Dislmrsemcnts
8,223,557
Int. on funded debt.9, .508 ,499
Rentals leased lines.
Taxes on real estate - - 2,726,021
1,143,438
Tax on capital stock
Misc. taxes and misc.
287,381
items
St.L. A. &T. H. Ry.,
109,631
int., rentals, &c
243,974
Use joint facihties
28,919,560
27,928,142
29,419,208
7,579,312
9,479,955
2,617,014
783,148
7,092,483
9,466,767
2,451,901
815,103
7,299,968
9,421,474
2,687,937
794,292
486,453
386,026
191,433
22.242,503
8,875,848
21,064,821
7,854,739
20,212.279
7,715,863
20.394,908
9,024,304
150,000
6,612,500
300,000
6,612,500
300,000
6,612,500
300,000
6,604,158
1,500,000
(?)
707,099
1,750,000
Uncollectible charges
and miscellaneous -
595,095
(?)
75,591
491 ,269
8,857,595
18,253
(?)
(?)
7,695,190
20,673
9,145,427
655,913
—
1.002,148
2.366.398
21,136
Total
Svirplus for year
—
on equipment
Extraordinary exp. fund.
Interest
Fororuaiilzation...
Extraordinary expend's.
Dividend on common stk.
7% Interest on special stk
months only; other six months included in expenses.
Including $177,036 sundry profits.
a Six
b
CONDENSED GENERAL BALANCE SHEET DEC.
As.scts
2.073.984
36.351
3, 013, .594
6,996,748
4,908,768
13,371,116
5,487,635
Equipment
Stocks owned
Honds owned
Advances
p
1,019,150
130,018
8,000
450.000
(4)319,400
168.000
2,225.296
2,094.568
15.707
«.
lionds, past (hie
Special improvement fund
Securities in trust for lessor companies
8.000
550.000
(4)319,400
108.000
62,266
162.2.38
31 1905.
Total
..-31.970.761 31,826.033
402,137,508
132 ,245,100
4,900
230, 414,845
—
Capital stock
Consolidation certificates
l^onded debt (see "Ry. * Ind." Section)
fronds and mortgages payable.
Wages and supplies
Traflic balances payal)le
Interest and rentals accrued
Dividends paya1)le Jaiuiary
9,771,895
5,313,079
3,036,813
2,869,593
411 822,761
Total assets
Liiibilitics
6,262,3.54
6,477,370
3,036,813
3,306,412
132,245,100
4,900
226,622,748
150,000
7,235,745
13, 01 4, .589
Loans and hills receivable
Fuel and supplies
Securities acquired from lessor companies
Items in suspen.se
1,019,150
160,746
.31,970,761 31,826.033
393.
2,5,58,326
1.019,150
172.480
200,000
8.000
345,802
(4)319,400
168,000
2,232,841
153,424
.
Sinking fund
1,019,150
171,840
300,000
8,000
246.265
(6)479.100
1904.
Ct.
1004.
1905.
$
S
$
Construction
30,466,182 30.466.184 Stock, common
985.000
7.985,000
Securities owned..
28,963
28,963 Stock, •special
400,000
2.400.000
Ralls used by tribHond.s
19,823.000 19 .823,000
utary lines
22,102
22,007 Accrued int. on bds
384,988
384,987
Cash
656,288
611,415 Mlsccllanco\is
8,312
8,577
Cash for interest..
262.020
262,320 Renewal fund
235,140
235,146
Renewal fund
235,146
235,146 Extraor'y exp. td.
300, 000
200,000
Extraor'y exp. fd.
300,000
200.000 Profit and Loss...
834,049
789,588
82.
.
Keal estate, not used in operation of road.
bridges at Albany
2,110.335
2,392..355
1904.
Cash
Cost of road
Lea.sed Unes construction, &c
2,387,534
1(58,000
31.
145,859,780
15,477,410
50,565,446
127,184,697
8,621,030
2,945,105
2,256,363
556,865
2,386,205
1905.
Total ...
—
Dividends and interest unclaimed
Sundry accounts payable
Loaus'and liiUs payable
GENERAL BALANCE SHEET DECEMBER
—V.
1905.
.147,942,835
24,084,906
50,536,413
.134,850,608
8,716,204
1,858,484
2,256,363
822,694
Accounts witli lessor companies
Items in suspen.se
Profit and loss
Total
Total
Balance, surplus.
Dr.
all 8, 938
2,454,621
Total Income...
Disburscmenis
Interest on debt
7%
S
1.068,003
6.980.917
310.501
2,411,185
43,436
Other receipts
$
900,590
sundry accts.
Traffic
1904.
1903.
1902.
12.127,094
16.3.50.407
13.640,860
1,221,227.042 1.331.803,010 1,078.027.445
0.512 ets.
0.493 cts.
0.4SS cts.
1,551.547
1,575,139
1,511.350
43,307.028
43.075,498
43.401.387
2.297 cts.
2.295 cts.
2.217 cts.
-S
Mall, express, rents, etc.
Expenses
0.482 cts.
1.646,567
46.871.170
2.279 cts.
897,857
Profits,
balances receivable
Sundry collectit)le accounts
OPERATIONS. EARNINGS, EXPENSES AND CHARGES.
FrciKlit (tons) carr.
1,329,935
—
the slight lalling-off in the earnings per ton per mile, so that there was
a gratifying gain in the receipts from our freight traffic. Tlie increase
in gross earnings was $819,257: but the expenses also sliow a substantia
increase, as tlie heavy tonnage necessitated larger expenditures upon
motive power and a more Hberal outlay on freiglit equipment. The
receipts from passenger traffic show a marked improvement.
The extraordinary expenditures aggregated $446,265, of wliich $233,082
'were for extension and improvement of shops, power-house, tracks, and
other facilities at Renovo.
After applying toward this outlay the S200,000 transferred from income of 1904 to an extraordinary expenditure
fund, tlie balance, $246,264, was charged against the surplus income for
this year; and as further additions and improvements are needed to
accommodate the increasing traffic, the sum of $300,000 has been
appropriated out of this year's income to a like fund for 1906.
The operations, earnings, etc., were as follows:
1905.
12.992,080
672,572
1,069,387
Total
Philadelphia & Erie Railroad.
{Report for Fiscal Year ending Dec. 31 1905.)
President N. P. Shortridge says in part:
The volume of tonnage shows a material increase, and there was a
still greater increase in the ton mileage, which much more than offset
FrelKht (tons) carried..-
672,572
1,195,573
Netincome
ANNUAL REPORTS.
Operations—
672,572
1,272,439
Deduct
Reserve to redeem bds
Dividends (5%)
Special improv. fund
950
672 ,572
and new equipment
Jan
Julyl to
1.50,000
8 ,968,051
5 ,,345,783
5 ,924,878
1 ,653,125
76,161
1 ,751,139
2 ,655,000
4,790
1 ,222,950
3 ,036,813
2 ,017,261
,739,844
14 ,612.120
411 ,822,761
liabilities
2,000,4.59
5,834,530
1,6.53,125
74,022
1.261
,:i93
5,090,000
4,790
276,568
3,036,813
2,0.53,445
14,5'93',.868
402,137,508
New Orleans Railway & Light Company.
{Report for Fiscal Year ending Dec. 31 1905.)
Presid(>nt E. C. Foster under date of New Orleans, April 9
1906, .says in substance:
"The comijanv was organized under the laws
1905
$10,000,000 is iionhoiidid debt of
The company has a
(iimulative 5'*; pi-cfern-d stock.
.«30,()00,000 general 4 '^'^ gold mortgage l)()iuls, out of which there is held
in escrow an amoimt (M|uivaliMit to thf outstaiuling bonds of the underly(On Dec. 31
ing companies amounting to .fl 2,806,000 at this writing.
1905 the amount of general mortgage honds actually outstanding was
$13,623,000.— Ed.) On July 16 1905 the company acquired by purchase
with a (Mpital'stock fixed at
of Loui.siann .lune 12
»;.30,000,0()0, of whi<'h
THE CHRONICLE.
926
at receivers' sale tlu' properties owned, leased and controlled by the New
Orleans llailways Co. (i)er iilaii in V. 80, p. 051).
Thi> fiscal year covers tlie piriod from Jan. 1 to Dec. .31
Tlie coiniiany
therefoi-e during 1905 had a c()i|)orate e.vistmee of l)iil five months anil
.si.xteen days; say, from July Ki to Dee. 31 1005. and the New Orleans
Railways Co. from Jan. 1 to" Jul.v Ki 1005, a period of six months and fifteen days.
The operations of tlie following actinired comiianies then-fore
cover a period of .si.\ niontlis from July 1 to Dec. .'51 1905:
N. O. & CarroUton JUL L. & I'. Orleans ilK. C^o.
Co.
!N.O. * I'ontcharlrain HIl.Co.
St.CharlesSt. UK. Co.
|N.O. l.i^'htin;,' Co., lessee,
and for comijarative purpo.ses only we (five the earniuKs of these properties from .Ian. 1 to Dec. 31 also the operatiiiK expenses, fixed charges and
taxes, and the net earnings, as compared with tlie rorrespondiiiK period of
one year asjo, it being fully understood that the period from Jan. 1 to June
30 for these underlying companies enumerated above covers the j)eriod
during which the New Orleans Hallways Co. was in the hands of receivers.
Improvements. During the i)ast three years there has been expended
on the property for betterments and improvements the .sum of $3,653,302,
;
—
viz.:
N.O. &Poiitchartrain RR. !B85,6791New
Real estate and other additions to KK. propertv
$45,978
tracks
.\dditions to electric light
188,957
255 ,042
projierties
Electric cars
390,968 Arc lamps, meters and apNew i)ower-houses_
pliances
1 ,603 ,253
Reconstruction of tracks. 431,009 New municipal light'g sys.
Reconstruction of overAddition to gas i)roperties
headlines
16,492 New mains and services.-
147 ,476
108,245
179,990
200 213
The construction and betterment work in prospect is: Completion of
main power station; comi)U'tion of addition to Claiborne power station;
completion of distributing system for the electric light and power departent; extension of tracks on'st. Claude St.; Levee & Barracks line, rehabilitating of tracks; extension of lines in the electi'ic light department;
extension of mains and enlarging of plant of gas department, and new
cars to be installed wliicli have been purchased.
Edrninys Prospects. The business for the pa.st year has been very
gratifying considering the fact that we were afflicted during the summer
season of 1905 by an unfortunate health condition; but, notwithstanding
—
—
that fact, the gro.ss earnings increased $419,366.
The busine.ss since Jan. 1 1906 has been very gratifying:
Ju«. 1906. Fel). 1906. Total {2mos.
Gross earnings
$498,579
$506,508
$1,005,087
Oper. expenses, fixed charges, &c
392,873
794,244
401,371
Surplus
$97,208
$210,843
$113,635
So that the dividend declared on the preferred stock for the past three
months, payable on April 14 1906, was more than earned during the first
two months of the year, and if the earnings continue the balance of the
twelve months on the same ratio, as we have every reason to expect,
there will be a substantial suri)lus in excess of the dividend on the preferred stock.
The expenditures in the way of maintenance we believe to be sufficient
to maintain the property in its present serviceable condition.
The
traffic statistics,
earnings, charges, &c.
for
,
two years
past were as follows:
Statistirs
Results for Calendar years 1905
—
]
Revenue passengers
Transfers redeemed
Revenue mileage
18 Hr. cars
Earnings from
Passengers
Electric light
and 1904.
carried
905
1904.
,696,927
,832,572
,354,145
65, 021, 214
..
6, 641, 193
16 ,753 ,874
102,156
—
99,897
,071,929
,541,575
.f 3 ,291 ,961
and gas
1
Miscellaneous
Total
Operatina expenses
Railroad department
Electric fight and gas departments
,705 .807
95 ,942
60,840
$5,093,709 $4,674,344
—
$1 ,901 ,084 $1 ,753 ,721
744,802
770,376
Total
$2,671 .460 $2,498,523
Percentage operating to total earninsrs
(53 .i% )
(52.2'5v )
Net earnings from operation
$2,422,249 $2,175,821
Interest on funded debt, taxes and miscellaneous. . 1 .784,226
2,149,840
Dividend on preferred .stock (1M%)
.
125,000
..
Surplus __
Railroad Department:
double track, 63.33; total
reduced to .single, 190,92;
by tracks, not including 1
earnings per mile of single
$513,023
$25,981
Total miles single track, 52.35; total miles
miles special track, 11.91; total miles ah track,
total miles of .street and right of way occupied
1 ,91 miles of sidings, 115.78.
Gross passenger
track. .?17,243,— V, 82, p, 869.
&
Cleveland Cincinnati Chicago
President
New Road.
W. H. Newman
saJ^s in
— The new 81.
—
—
—
—
The comparative annual statements of operations, income
account and balance sheet are as follows:
OPERATIONS, E.ARNINGS, CHARGES. &c
1904.
1905.
14,771.277
16,673,876
2,465,708,374 2,131,943,327
Tons of freight carried
Tons carried one mile
Average receipts per ton per mile
.598 cts.
Ereight earnings per train mile
Aver. No. tons revenue freight per train mile
Av. No. tons (including co.'s) per train mile.
Freight earnings per mile of road
Number of passengers carried
Number of passengers carried one mile
Average passengers per train mile
Average receipts per pass per mile
.
.
Total car mileage (iiicl. trail
Gross earnings
Operaliny expenses
Maint. way and structures
Maintenance of equipment
Operation of power plant
Car service
General expense.?
—
Total operating expenses
$1,413,312
$.34,470
$38,675
73,007
88.003
315,430
122,795
.58,431
$680,545
9,2.59,825
83,502
300,803
109,525
.$633,706
(41.87)
.'»;590,938
(4169)
.S9."5,782
20,.332
$883,666
18,718
$822,374
$976,114
$902,-384
.$844,115
$72,223
.$83,562
42,2t52
(Q% )720.000
43,178
10.449
(5 )600,000
$60,468
43,270
10 449
)600.000
$844,934
$131,180
$737,189
$165,195
_
Total net income
Deduct
—
Taxes __.
Interest
for .special police
10,449
Dividends
Total
_
_
BALANCE SHEET JAN.
,
Af.tels—
Construction
,
1900.
$
7,035,240
Ecimpmcnt
4,04fi.02:i
Rcalostatc.
1.444,1,50
Renewallund
Insurance reserve.
Cash
Extension account
7-°^l----.
—V. 82, p. 803.
1903.
9,708,974
$1,517,372
120,931
.
Balance
1904,
$38,454
78,066
84.106
358,988
Per cent of expenses to earnings...
Net earnings from operation
Inc. from advertising, rents, &c ..
Tax
and the balance sheets of From
1905.
carsK. 9,818,705
$1,636,327
30,121
110,193
32,670
3,000
1905.
$
(4192)
21,741
(5
$714,187
$129,928
1.
li)Ofi.
I
Liabilities—
Capital stock
4,025,2001 Hond.s
1,:{73,:J45| Tirkets
I
and
loss
1905.
$
S
12,000,000 12,000 000
1,080,000
1 OSO 000
,50,185
4(i'972
171,812
40 300
105,8111
27,55GI
13,301,997 13,107.3321
Total
From
From
—
AZ.Zo'\~Sm 13T67^32
$2.03
327
5 ,989 ,534
328,227,823
48
1
.903 cts
1904.
1,891.02
348
$7,094
6,271,669
410,927,144
61
1.781 cts.
Increase enDecrease
.
+ 92.40
$14,291,108 $13,015,507 -(-$1,275,601
1,073,502
7,452,558
6,379,056
564,662
-f-49,304
613,966
-(-15,348
771,9.50
787,297
..
336,047
413,616
-f- 77 ,,569
386
^ 32,334
1.32,720
freight
pa.ssengers
—
express
Frommails
From rentals
From miscellaneous
+ $376,653
Totals
$22,517,763 $22,141,110
Expenses
For maint of way and structures. $2,999,105 $2,730,943
For maintenance of e(uiipment... 3.390,675
3.082,236
For conducting transportation... 9,989,670
9,625,515
456,908
For general expenses
499,896
+ $268,162
$16,879,345 $15,895,603
234,942
569
—$234,942
—
.
Totals
New construe, (addition better'ts)
New equipment (additions^
Total expenses
$16,879,345 $16,131,113
Per cent of exi>en.se.s to earnings. .
(71 .79<^)
(,74.96'v)
Netearnings
.. $5,638,418
$6,009,997
Other income^
Dividends, interest,
Ac
Gross income
+ 308,438
+ 364,154
+ 42,988
+ 8983,743
—569
+ $748,233
(+3.17%)
—-$371,579
—
42.740
241,477
284.^17
$5,879,895
$6,294,214
—$414,319
$2,865,299
671 ,408
70,070
$2,736,349
610,174
67,424
+ $128,949
+ 61,234
+ 2.646
+9
+ 18,6©2
+ 15,617
Deduct—
on funded debt
Taxes on real estate
Taxes on gross earnings
Interest
7,R.35,2.'S9|
121 U'rotU
1905.
1,983.42
Miles operated
.620 cts.
$2.09
349
376
$7 ,205
—
Earnings
results for three years past
Dec. 31 are as follows:
substance:
.
Capital Traction Co., Washington, D. C.
The
Louis Railway.
Louis Short J.ine division (43.64 miles; was
opened for joint o|)eration with the (Miicago &. PJastern Illinois HK. and
the .SI I.ouis ct San Krancisco KK. on July 1 1905.
The total mileage of track operated has been increased 151 .07 miles, as
follows; Main track; Hillsboro, 111., to Denox, 111., 43.64 miles; trackage
rights, Hocking Nalley Ky., Carey, O., to Kockwell Junction, ()., 46.20
miles; trackage rights, L. S. & M. S. Ry., Rockwell Junction, O., to
Toledo, O., 2.17 miles; re-measurement, .39 miles; total main track, 92.40
miles. Second track; Hillsboro, 111., to Lenox, 111., 43.64; other additional
second track. 7.19; additional >ide tracks, 7.84 miles.
A'dc ,s7or/,-. ^Common stock to the amount of 87,597,463 was .sold during the year under re.solution of stockholders June 21 1905, to jirovide for
current expenditures for additions to the property and other corporate
purjioses and to n-imbiirse the treasury for payments on account of construction and jjiirchase of equipment prior to 1905.
Bonds.- The funded debt has been increa.sed by the i.ssue of general
mortgage bonds, on account of improvements, $1,000,000; to take up
bonds of j)iior issues, $68,000. On the other hand, $58,000 C. I. St. L. &
0. Kv. bonds were n deemed.
Afhiilions.
There was expended for additions to the property, improve
merits, double-tracking. Arc, and charged to construction and equipment,
$3,182,225, as follows; Cairo division, $1,429,890; Chicago division,
$893,037; Cincinnati divi.sion, $240,169; St. Louis divi.sion, $179,368;
Cleveland division, $95,920; at Indianapolis, separation of grades, Ma.ssachusetts Ave., $34,838; new .side tracks and vards, $158,112; new structures, $47,793; new machinery and tools, $47,060; sundry, $56,038.
There has been advanced for real estate and easements on the Cairo
divi.sion during the year $442,928; the total amount charged to Dec. 31
1905 on this account" was $443,934. There has been advanced on account
of the St. Louis Short Line division during the year for construction
$210,458; the total amount advanced on this account to Dec. 31 1905 in
excess of the amount realized from the sale of $3,000,000 of bonds was
$962,300.
Equijiment. The following amounts were expended for equipment:
Locomotives, $822,927; freight cars, $979,945; work cars, 8222,389; passenger cars, $156,122; total, $2,181,383. The reserve fund for renewals of
equipment on Dec. 31 1904 was 81 ,038,600, all of which, along with $188.783 set a.side from expenses during 1905 for renewal purposes, has been
applied against the equipment expenditures mentioned, leaving a balance
of $954,000, which was charged to cost of road and equipment.
General Results.
The gro.ss earnings were $22,517,763, an increase of
$376,653. The freight earnings were $14,291 ,108, an increase of $1 ,275,The
601. due to increased tonnage handled and longer average haul.
passenger earnings were 86,379,056. a decrease of $1,073,502. Efiminating the World's Fair business in 1904 from the passenger earnings in
that year, there would have been shown an increase for 1905 of over $300,000. The rent earnings were $413,616, an increase of $77,569, due chiefly
to rental received on account of the new St. Louis Short Line division
from the Chicago & Eastern Illinois RR
The expenses of operation were $16,879,345, an increase of $983,743.
Maintenance of way and structures showed an increase of $268,162, due to
increasf d road mileage and larger expenditures for renewals of rail. Maintenance of equipment showed an increase of $308,438, due to heavier
general repairs to all classes of equipment and also to heavier charges for
renewals to maintain the standard of equipment. Conducting transportation showed an increase of $364,154, the principal changes being; Engine and roundhou.se men and train service increased $163,021; station
yard and telegraph service increased $144,674; rents for tracks, yards
and terminals increased $64,374, due chiefly to the operation of the new
line between Carev and Toledo; injuries to persons decreased $105,698.
The net earnings were $5,638,418, a decrease of $371,579. Other income was $241,477, a decrease of $42,740, due principally to interest
First charges
chart'.'s Inst year on advances to subsidiary companies.
were $4,009,470, a net increase of .$94,091. occasioned by the i.ssue of additional bonds, increased taxes and a decrease in interest on loans.
.
{Report for Fiscal Year ending Dec. 31 1905.)
St.
(Report for Fiscal Year ending Dec. 31 1905.)
.
I
[Vol. lxxxh.
Railroad commissioners' assessm'ts
U.se joint facilities..
Rentals of other propertv
Miscellaneous interest
Preferrtd dividends. 5%
Common dividends, 4%. L
Total
Surplus
1
,018
1
,009
176,500
113,568
111 ,607
499.925
1,328,950
157,808
97,851
244,763
499,925
1,119,612
$5,8.38,344
$5,534,915
$759,299
$41,550
—133.156
209 .338
$303,429
-$717,749
APR.
THE CHRONICLE.
21 1906. j
CONDENSED GENERAL BALANCE SHEET DEC. 31
1904.
$
1905.
$
Assets —
Cost of road and
oquipment. -.101,092,468
3,512,209
1,433,813
12,064,464
1,235,547
Stocks other COS.
Bonds other cos
Advances
Fuel
&
supplies
Loans
Cash charged
Cash in banks to
pay coupons,
divs.,
Loans
&
&c
bills
I
Bond
I
.
bills rec.
TrafBc bals. rec.
Sundry
&
1,571,403
562,081
554)
124 9811
711 754 ^
17 90 7
699.609
J
10,000
New
concar
tracts (per contra)
1,400,216
es, 197
&
Peoria
RyCo.Kan.
&
1,559,319
'1,406.190
202.522
5.525
3.890
66,826
7,968
2,907
1.661.082
,652,733
East.
Sen.
Ry
Mt. G. Sh. L.Ry.
Reserve fund for
renewals
Profit
and
Total
117.878.523 109.812,306
Total --
400,014
464,500
Bonds redeemed
I
1,559,319
32.527
tra)
Other items
,602,727
,293,201
,615,925
543.0201
1
car
contracts (per con-
0, 000,000
1
due
int.
—
New
1904.
$
27 ,997,700
115 925
443 105
435 (i04
Jan. 1 1900..
479,4411
44,3341 Bond interest
unclaimed
200.7411
|Div. on pret
1,353,529 Div. on com
442,140inivs. unclaimed
489,482
3,040,000
248,258
collecti-
ble accountsSinking fund ---
pay
1,383,945 Traffic bal. pay.
Interest accrued
099,034
Treasurer
1905
—
S
Common stock- 35,595, 103
98 303 243 Proterrcd stock- 10,000 .000
2!967,820 Funded debt(see
"Ry.&Ind."
1,115,618
62,612 727
.Section)
1,181,870
805,225 Wages & suppl's 3,756 785
Liabilities
loss..
..
038.000
.117,878,523 109,812,300
X Kankakee & Seneca Ry. Co., $117,000; Central Indiana Ry. Co..
$529,390; Short Line divi.?ion, 8962,300; real e.state, $453,933; Springfield
UmonDepotCo.,Sl,840.— V.82,i).751, 158.
American Grass Twine Company.
(Balance Sheet of Dec. 31 1905.)
Assets.
Oskhosh plant
Glrass department
Furniture and fixtures.licenses,
Franchises,
shop rights and good
will
Patents
Cash
Accounts receivable
Acc'ts receivable (doubtful)
Manufactured product.
Raw material and supphes
Grass in
Total
—V.
Liabilities.
I
St. Paul plant
Superior plant
fields
$15 ,000,000
82,630,606 Capital stock
266,578
1,066,537 Bills and acc'ts paj'able
574 664 Bonds payable, Oshkosh
344,745
mill
25,000
2.308 Deferred payments, grass
lands
11,299
Interest on loans
15,426
9,889,056 Pay roll St. Paul mill
971
Dec. 31
234,760
42,442 Provisions for doubt36,714
ful acc'ts receivable- 3,002
Manfg. profits- $163 ,050
3,002 Less profit and
loss account- 162,401
382,825
649
61,251
54,018
$15 ,322,928
Total
$15 ,322 ,92:
''
82, p. 630.
Bush Terminal Company.
Additions to the plant, involving an expenditure of approximately $2,500,000, are nearing completion, and should pioduce an increased income
Other addiat the rate of $300,000 per year during a portion of 1906.
tions to tlie [)lant will be begun at once but will not become i)i-oducti\e
until 1907.
Although not completed, the first factory building is more than 95<>(
rented. The remaining snace is under consideration by prospectivitenants and will undoubtedly be rented befoi'e the building is completed.
This building will produce a fixed rental income of ap))roximately .165,000
per annum fi'om May 15 and an additional income from freight shipment.s.
The leasing of the space in the first factory building for satisfactory
rents before the building is completed has demonstrated the success of
this portion of the enternrise, and work is Mlrend.v undpr w;iv unon a s'-cond factory building, and a third will iirobably be started before the end of
the year.
These buildings will i)roduce an average income of $75,000
each per year.
The company's sixth pier will be finished about Aug. 1, and 33 additional warehouses will be completed. at varying dates during the next
ih ee months.
The Bush Terminal RR. is .substantially completed and will l)e piu in
operation within a few months' time
The entire ent?rprise is in a most satisfactory condition and within
twelve months there should l)e a large increase in net income. It must
be borne in mind that the company is carrying several million dollars of
unproductive property which, under proper development, will yield a
large income within a few years.
(Compare official description of enterprise in V. 80, p. 1005.
Kd.)
The condition of the plant and equipment has been thoroughly maintained during 1905, several substantial betterments having been charged
to repairs, and at the Februar.y meeting of the boaid of directors an additional amount of $20,000 was charged to profit and loss. At the same
meeting a dividend of 5% was declared upon the ($1,500,000) i)referr('(l
stock.
—
Income Account
for Fiscal
Years ending Dec. 31
1904.
1905.
(12 mos.) (11 moK.)
from docks, storage, &c., and net
come from the railroad department
0[)Prating expenses
(Jross earnings
Nefearnings
Deduct
Intere.st on debt
—
._
$740,954 $523,392
160.459
311,547
223,748
53,547
Surplus for the year
5%
128,830
55,646
$152,112 '!178,476
32,039
construction bonds.
Remaining surplus carried
to the credit of profit and
$1 20,073 $178,457
Current Assets and Liabilities Dec. 31 1905.
Current a.isels
CurrfntiliabilHles—
$
%
C^ash and accounts receivable .190, 590! Operating accounts
37,622
Advances to subsidiary companies 48,214 [Construction acc'ts, payable from
Advance payments
jjrocecds of bonds sold but not
20,500
Accrued storage and labor
delivered (since paid)
272,700
134.818
Sundries
23,037 Pay rolls
4,im
Accrued Interest on debt
37,060
Sundries
2,0 1
lo.ss
—
I
1
1
i
Total
—V. 82. p.
561,101
ToUil
216.560
807.
GENERAL INVESTMENT NEWS.
hand and forthcoming.
The general subject for .some time has been under
Anthracite Coal Roads.
tornoy-CJeiuMiil
Moody
oil
—Government
by the
con.sideration
Department. It is believed that sufficient evidence has been developed
in the investigations of the Inter-State Commerce Commission and otherwise to warrant the employment of counsel under the provisions of the
Appropriation Act of February 25 1903, aiithorizing the employment
of special counsel and agents in proceedings of this nature.
An important element in arriving at this conclusion is the recent decision of the Supreme Court in Hale vs. Henkel (see item under caption
of -\merican Tobacco Co., V. 82, p. 630), holding that the Federal Government has the right, under legal proceedings, to examine the books
and records of corporations engaged in Inter-State commerce. V. 82,
p. 807, 750.
—
—See Norfolk & Southern
RR. — Stock. — For the convenience of
Atlantic & North Carolina RR.
Ry. below.— V. 82, p. 803.
Baltimore
&
Ohio
European stockholders arrangements have been made
whereby subscriptions for the new stock will be received
by the Deutsche Bank, Berlin, Societe de Credit Suisse,
Zurich, Union Financiere de Geneve, Geneva, Swiss Bankverein, Basle, and Messrs. Speyer Brothers, 7 Lothbury,
London. See V. 82, p. 867.
Pending the payment of subscriptions to the .$27,750,000
new stock (V. 82, p. 867), the company has borrowed
-19,000,000 on three months' time from the National City
Bank, of New York, to provide for the redemption of the
$8,915,000 4H% collateral trust notes due May 1 (V. 78,
After the payment of tliis temporary loan next
p. 1446).
July, there will remain from the new stock issue over
V. 82,p. 867.
$16,000,000;for improvements and additions.
Bituminous Coal Roads. —Government
Anthracite Coal Roads above. — V. 82,
—
Investigation.
—See
p. 807, 750.
—
—
Boston & Maine RR. Temporary Loan. The company
has borrowed $550,000 on its notes (erroneously called "coal
notes") in anticipation of receipts from the new securities
which are soon to be i.ssued. V. 82, p. 567.
—
Canada Southern Ry.
Ry.— V.
—See
Toledo Canada Southern
82, p. 568.
—
&
—
A. A.
Central Railway of South Carolina. Bonds Offered.
Rutis & Co., Pittsburgh, Pa., are offering at 98 and interest
the unsold portion of a total issue of $150,000 6% first mortgage 20-year gold bonds of $500 each, dated Jan. 1 1906 and
due Jan. 1 1926, but redeemable on or after January 1 1911
at 107; coupons payable Jan. 1 and July 1 at the Colonial
Trust Co. of Pittsburgh, trustee under the mortgage. This is
road connecting the Southern Ry. at Heath
a steam
springs, S. C, with the mines of the Southern Granite Co.;
to be completed in Julj^ 1906, about two-thirds of the gradA cirCapital stock, $150,000.
ing having been done.
cular says:
Contracts have been entei'ed into with the Southern Ry. on a differential basis, and also with the Southern Granite Co., which will net this road
on all freights handled about $31,000 a year sufficient alone to pay interest charges, sinking fund, oi)ei-ating expenses and leave a net surplus.
In addition the Southern (Ji-anite Co., a corporation formed under the
laws of South Cai-olina and capitalized at $350,000, guarantees the payl
ment of both principal and interest on the bond issue of $150,000. This
guai-anty is backed by a property valuation of nearly $1 ,000,000, including all the land, equipment, power, machinery, &c., of the said Southern
Granite Co. Gross earnings aggregate about $200,000 animally. Officers,
with headquarters at Heath Springs, S. C: President and Treasurer,
Stewart W. Heath, Vice-Pres. of the Bank of Kershaw, Vice-Pres. of the
Kershaw Oil Mills, &c.; Vice-President, Hon. T. J. Strait; Secretary, E.
D. Blakeney.
Guaranty Endorsed on Each Bond.
For and in consideration of the sum of One Dollar ($1 .00) to it paid by
the Central Railway of South Carolina, the Soutlicrn Granite Co., a corporation duly organized under and by virtue of the laws of the State of
South Carolina, with a capital of $350,000, owningil,088 acre-s of real
estate, including its quarries, machinery and e<iuipment, undertakes and
does hereby guarantee the payment of "both interest and principal of the
(Signed by President and Secretary.)
within bond.
—
Chicago Rock Island & Pacific Ry. —Refunding 4% Bonds.
—Cable advices from Frankfort-on-Main annountre the $11,additional
Investigation.
— Al-
Tuesday made the following
on the Stock Exchange in that city of the
784,000 "first and refunding mortgage" 4% gold bonds
V. 82, p. 803, 750.
cently purchased by Speyer Si Co.
—
—
ari-
re-
—
The
Co. Probable Retirement of Loan.
"Chictigo Inter-Ocean" of April 14, we
understand, is substantially correct:
The authorized issue of Illinois Tunnel 5''; bonds amounts to $30,000,In addition $4,000,000 of
000, of which .$17,000,000 have l)een i.ssueil.
tlie bonds have l)een put uii to seciire a loim of .S:^, 000, 000 ()btaine<i from
loan ar(> being used in pushiiiR
Kuhn, Loeb (t Co. The i)roceeds of this
The loan falls due Dec. 1 and the
the construction work in tlie tunnels.
Chicago
Subway
following, from
tii(>
,
plans include taking care of the loan.
While the earnings at i)resent are necessarily small, it is anno\niced that
bv .June 1 the tuiniels will be in condition to carry a large amount of
tonnage between the r:iilroad stations and the dilTeient otlice buildings in
the downtown distiict.
This will give the company a regular basis of
earnings, which will be incieaM'd as tlie construction work jirogresse-s.
clephonc Co., who.se proiierty
.\t the same time the Illinois Telegrapli iV;
is coven-d bv the present issue of Tunnel bonds, is pushing into the residence (listi-icts, and promises Ix-fore the end of the summer to be making
sul)stantial earnings.
proi)o,se(i linanci;il
I
The subway built aiul building aggregates 45 miles, inV. 82, p. 217.
cluding 14 miles under the river.
Chicago Terminal Transfer RR. Receiver. Judge Kohlsatit of the I'nitc-d Slates Circuit Court at Chicago on April
16 appointed President John N. Faithorn as receiver of the
property, the interest on the bonds being in default.
V. 82, p. .509.
—
RAILROADS, INCLUDING STREET ROADS.
nouncemcnt:
in
listing
in-
$429 ,407 $362 ,933
-
Interest on
Charles E. Hughes, Esq., of the New York bar and Alexander Simpson
the Department of
of the Pennsylvania bar have been retained by
Justice to take under consideration all the facts now known, or which
can be ascertained, relating to the transportation and sale of coal in
Inter-State commerce; to advise what, if any, legal proceedings should
be begiiu, and to conduct, under the direction of the Attorney-General,
such suits or prosecutions, if any, as may be warranted by the evidence
Jr.
Detroit River
{Report for Fiscal Year ending Dec. 31 1905.)
President Irving T. Bush says in substance:
Taxe.s
927
—
THE CHRONICLE.
Railway. —Car
Indianapolis
928
Cincinnati New Orleans & Texas Pacific
Trusts Further Facts.
The 4i/^% f'<)uipnu'nt gold notes
referred to last week aggregate $1,938,000 and are dated
May 1 1906. maturing $97,000 every .six month.s. la.st two
maturities $96,000 each.
Secured on 3,000 standard freight
cars and 40 Rodger ballast cars, total cost, $2,281,08.5, of
which amount $343,085 was paid in ca.sh by the railroad.
See oflfcring of Potter, Choate & Prentice on another page
of this issue.
See V. 82, p. 867.
£i
—
—
—
—
[Vol. lxxxii.
&
Columbus
— Chandler Brothers
Southern Traction Co.
— Earn-
Philadelphia, who are offering at 1023^ and interest a block of the first mortgage
gold bonds of 1903, due 1923, authorized i.s.sue, $1,000,000;
reserved for extensions and improvements at cost, but in no
event at over $15,000 per mile, $365,000; amount outstandings.
&
C^o..
5%
ing, $635,000, report:
Year
Oross.
1905$210,259
1904
170,709
—
Net.
Surplus.
Interest.
$84,747
65,136
$64,747
45.136
$20,000
20,000
Colorado & Southern Ry. Separate Enterprise. See Col- —V. 76, p. 654; V. 78, p. 1440.
orado Southern New Orleans & Pacific under Rock Island
Inland Empire Railway of Spokane, Wash. ConsolidaCompany in V. 82, p. 870.
tion
Prospectus.
The jjlan of merger, which has been apJoint Control.
See Trinity & Brazos Valley Ry. below.
proved by the constituent companies, provides for the au—V. 82, p. 509, 333.
thorization of $10,000,000 each of common and preferred
Columbus Buckeye Lake & Newark Traction Co Sale.— stock, par of shares $100 each.
The shareholders will meet May 16 to vote upon a sale of
T)ie preferred .stock will be 5% non-cumulative for the first five years;
the entire property, franchises, etc. Compare Indiana after that time cumulative, with a further provision that in case more
Columbus & Eastern Traction Co. below. V. 81, p. 1375. than a 5% dividend should be paid upon trie common stock, an equal
dividend should be paid upon the preferred stock, but in no case shall
Fort Smith (Ark.) Light & Traction Co. Bonds Offered.
more than a 7% dividend be paid upon the preferred stock. The preBaker, Aj^lingj-.cfe Co., No. 50 Congress St., Boston, are ferred stock to lie redeemable at the pleasure of the corporation at any
offering at 99 and interest a block of the 5% sinking fund time at $135 per share, and to have no vote.
It is planned to issue at the present time about $6,000,000
gold bonds, dated Dec. 15 1904 and due Dec. 15 1944, but
subject to call Dec. 15 1909 at 102 and interest.
Interest of the common stock and about $4,000,000 of the preferred
payable at First National Bank, Boston; First National Bank, stock. A sufficient amount of each will be set aside for the
New York, or Central Trust Co. (trustee), Chicago, March, purpose of taking over the capital stock of the Coeur d'Alene
June, September and December.
The company owns all & Spokane Railway Co., Spokane Traction Co. and Spokane
the public service corporations (the street railway system, & Inland Railway Co., and the balance will be used for the
gas and electric light plants) of Fort Smith, and the electric establishment of a hydro-electric power plant on the Spokane
light property of Van Buren.
"Population served about River near Spokane, and the building of an electric railway
The constituent propto connect the same w'ith Spokane.
30,000." A circular says in substance:
Common stock, $950,000; preferred stock (cumu erties are described as follows:
It Capitalization:
—
—
—
—
—
—
—
—
5% after Jan. 1907), $650,000. Authorized issue con. mtge.
bonds, $1,500,000; outstanding, $930,000; reserved for extensions,
$370,000; reserved to retire 1st mtge. bonds on part of property, $200,000.
There are outstanding .$48,500 2d mtge. bonds due in four years. The
trustee holds cash for their redemption at maturity.
Comparative Statement of Earnings for 1904-05.
lative
1904.
Gross earnings
8141,992
Net earnings
66.122
Interest on the $1,130,000 bonds calls
1905.
Increase.
$191,428
89,151
35%
34%
$49,435
23,029
for $56,500.
The electric-light
plant of Van Buren, a neighboring town, has recently been acquired, but
the earnings therefrom were not included in the "foregoing statement
until Nov. 1905.
The monthly interest charges are $4,708. and the
monthly net earnings at present are at the rate of about $9,000, the
mild chmatic conditions being favorable to winter earnings. The
recent improvements on the street railway contribute to the increased
earnings, as do also improvements made in the electric lighting property.
The gas earnings also show steady increase due to improved and extended
service, gas ranges and gas heaters.
The company uses fuel (slack coal)
which costs about 81.15 per ton delivered.
Property:
(a) Gas works for distributing natural and artificial gas,
about 43 miles of mains; (b) electric power and lighting plant, generating
capacity about 1,742 horse-power; pole line about 60 miles in length;
(c) street railway system, 15J^ miles in length, 18 closed cars and 15 open
cars, new brick car barn; (d) park of 107 acres with casino: (e) franchise
expiring 1955; terms liberal, with no objectionable conditions.
Directors:
Samuel Insull, Chicago, President Chicago Edison Co.;
W. R. Abbott, Fort Smith, President American National Bank; H. E.
Kelley, Fort Smith, President Kelley Trust Co.; James Walsh, Chicago,
director Central Trust Co.; James Brizzolara, Fort Smith, Postmaster of
the city, H. M. Byllesby & Co., electrical engineers. C. A. Coffin, New
York, President of the General Electric Co., is one of the principal
tockholders.
V. 80, p. 996.
—
—
IBGrand Trunk Ry. Bonds of Subsidiary Companies. See
Montreal Warehousing Co. and New England Elevator Co.
below.— V. 82, p. 692, 452.
Grand Trunk Pacific Ry.—Further Contracts Awarded.
On April 13 the Transcontinental Railway Commission
awarded contracts as follows: Winnipeg eastward to junction
with the Lake Superior branch, 245 miles, to J. D. Mc Arthur
of Winnipeg, price $13,010,000; Quebec northwestward to
La Tuque 150 miles, $5,297,000; Cape Rouge steel viaduct,
to the Dominion Bridge Co. of Montreal, $320,000
V.
(1) The Coeur d'Alene & Spokane Ry. (see page 28 of "Street Railway"
is a standard-gauge electric railway running from Spokane to
Coeur d'Alene City, a distance of about 33 miles. It has been in operation for about two years, and has paid from the start.
(2) Spokane
Traction Co. (V. 81, p. 841), a city street railway with 22 miles of track
in operation, a considerable part of which has been in operation less than
This
a year.
(3) Spokane & Inland Railway (V. 81, p. 1045, 1850).
road will run soutli from Spokane through the rich Moran Prairie country,
via Waverly, to Waverly Junction, at which point the road will branch,
one branch going to Colfax by the way of Rosalia and Thornton, and the
other to Palouse via Oakesdale and Fairfield, both lines running through
the fertile Palouse country
a total mileage of 115 miles.
(4) The three
railways own all the stock of the Spokane Terminal Co.
See V. 81, p.
Section,
—
1045.
Estimated surplus earnings after completion of road, say from Jan. 1 1907.
3d year.
1st year.
2d year.
$110,000
Coeur d'Alene & Spokane Ry. Co..
$75,000
$90,000
84,750
Spokane Traction Co
50,000
75,000
311,880
Spokane & Inland Ry. Co
115,000
275,000
217,500
Power plant and railway to same.20,000
65,000
Estimated surplus'for dividends.
$260,000
$724,130
$505,000
The Spokane & Inland Railway, which
is
now
well under
construction, has not, we are informed, issued any of its
bonds, although they have been sold, and the management is considering the non-issuance of these bonds and in
lieu thereof issuing bonds of the Inland Empire Railway.
The bond issues of the constituent companies which are now
outstanding will probably remain so for a while at least, a
sufficient amount of Inland Empire bonds being set aside
to take care of them.— V. 82, p. 280.
—
Lorain & West Virginia Ry. Wabash Ally. This company, which has begun building {a line for the Wabash
interests from Wellington on the Wheeling & Lake Erie
northerly to Lorain, O., a distance of about 30 miles, has
called a meeting of its shareholders to be held in Cleveland
on April 25 to vote upon a proposition to increase the capital
stock from $10,000 to $2,000,000; par value of shares, $100.
Marion-Bucyrus (0.) Ry. & Light Co. Bonds Offered.^
Buettner & Co., Milwaukee, Wis. are offering, at a price
to net the investor 6%, $100 ,000 first mtge. 5% gold bonds
President Hill in denominations of $50, $100", $500
and $1,000. An
advertisement says:
—
—
—
82, p. 627, 568.
Great Northern
is
Ry
.
New Canadian Lines.
—
cjuoted in substance:
The
which we intend to build in Canada will
There is really nothing new in the work wh.ich we
For the last two years we have been at work on a
line from the Pacific Coast through the mountains in British Columbia,
and we are now working on a line from Winnipeg westward. We are
building the line from both ends, and by the time the Grand Trunk reaches
Winnipeg that is, perhaps in three or four years we expect to have
our line completed from Vancouver, on the Pacific, to Winnipeg
V 8''
total length of the lines
be about 1,300 miles.
are doing in Canada.
—
—
This Interurban road is a link in a chain of railways that connects
Cleveland with Columbus, Springfield, Dayton, Cincinnati and IndianTlip rigid of way is private.
apolis.
Principal and interest payable
semi-annually at office of Cleveland Trust Co. This road is bonded at
$12,500 a mile. The terminal points are Marion and Gallon. V.
—
81, p. 613.
—
—
Maritime Coal & Railway Co., Limited. New Name
Change in Par Value of Shares. The shareholders at a meetIndiana Columbus & Eastern Traction Co. Proposed ing held in Montreal on March 24 voted to change the name
Merger.
Papers for the incorporation of this company, of the company to the Maritime Coal, Railway & Power Co.,
with $1,000,000 of authorized capital stock, was sent to Limited, and increased the par value of the shares from $5
the Secretary of State at Columbus, O., on April 14 from to .$100. The position of the first mortgage 6% bonds is
the offices of W. Kesley Schoepf. The company, it is unchanged except for an increase of $25,000, making a total
understood, will take over the following Tucker- Anthony issue of $125,000 instead of $100,000.
and Appleyard roads, recently accjuired by the Schoepf
Dividend.— A dividend of 1% was declared on the common
syndicate:
stock at the annual meeting March 24, payable May 1 1906.
Central Market, 16 miles (V. 82, p. 451); Columbus Buckeve Lake & Compare V. 81, p. 1178.
Newark, 39 miles (V. 81, p. 1375); Columbus Newark & Zanesville
42 mile.s; Columbus Grove City & Southwestern, 15 miles (V. 82, p.
Mattoon City Ry. Refunding and Extension Mortgage.
452); Columbus London & Springfield, 75 miles; Dayton Springfield & This company, whose
$350,000 first mortgage bonds wer«
Urbana, 57 miles (V. 82, p. 804); and po.s.siI)ly it is supposed the Urbana
Bellefontaine & Northern, 21 miles (V. 82, p. 511) and the Columbus recently oflfered for sale (compare V. 82, p. 100) has filed
& Lake Michigan.
a refunding and extension mortgage to secure $1,000,000
The new company, it is announced, will build a line of 5% gold bonds dated Jan. 2 1906 and due Jan. 1 1936.
between Dayton and Richmond, Ind., 40 miles, (negotiations but subject to call in or after 1916. Of the bonds authorizea
for the purchase of the Dayton & Western having been $350,000 are reserved to take up the first mortgage 53 as
dropped), making a total system of about 290 miles of they mature from year to year, and $150,000 are now to
track, including a road from Zanesville, Ohio, westward be issued; interest payable at Colonial Trust & Savingi
through Columbus, Springfield and Dayton, to Richmond, Bank, Chicago, or at National City Bank, New York.
Ind., where connection will be made with the Indiana See V. 82, p. 100.
properties of the Schoepf syndicate, thus making a through
Mexican Tramway Co., City of Mexico. New Holding
traction line between Zanesville, Ohio, and Terre Haute, Ind. Company Bonds Offered.
Press reports from Montreal state
p. 804, 568.
—
—
—
'
—
—
—
—
—
Apr. 21
THE CHRONICLE.
1906.]
that this company has been formed by Canadian capitaUsts
to take over the tramway hnes of the City of Mexico and is
oflfering $8,000,000 bonds at 90 with 35% bonus in stock, the
entire amount being underwritten by a syndicate most of the
members of which are directors of the Mexican Light & Power
Co. (see "Industrials" below).
Michigan Central RR. Sale of Guaranteed Bonds. See
Toledo Canada Southern & Detroit Ry. below. V. 82,
—
—
p. 805, 687.
—
—
—
Montgomery (Ala.) Street Ry. Consolidation. See Montgomery Traction Co. below.— V. 81, p. 1792.
Montgomery (Ala.) Traction Co. Consolidation. With
—
—
this title, with $2,000,000 capital stock, but, it is said, under
the charter of the Montgomery Street Ry. Co., there were
formally consolidated on April 13 the Montgomery Traction
Co., the Montgomery Street Railway and the Suburban
Railway, all shares in these companies being surrendered in
exchange, it is said, for "full-paid stock of equivalent value
in the consolidated corporation."
The consolidated company has filed a mortgage to the
Heal Estate Trust Co. of Philadelphia, as trustee, to further
secure an issue of $2,000,000 bonds under a deed of trust
made in 1905 by the old Montgomery Traction Co.
The company has filed notice of its formal
Ordinance.
acceptance of the new franchise ordinance in accordance with
which it will for the next ten years pay into the city treasury
$2,500 annually, as a license, and after that time $5,000
The company is also to sell school tickets at the
yearly.
Tate of 314 cents, but the provision requiring the sale of 24
V. 81, p. 1792.
ordinary tickets for $1 was omitted.
—
—
—
Stock Increase
Central & Hudson River RR.
The shareholders at the meeting on April 18
Authorized.
unanimously approved the proposition to increase the
capital stock from $150,000,000 to $250,000,000.
See
V. 82, p. 752, 693.
New York & Jersey RR. Consolidation. See Hudson &
Manhattan RR. in V. 82, p. 804; V. 80, p. 1112
New York
—
—
—
New York New Haven & Hartford RR. —Proposed Merger
of Terminal Property. — See Providence Terminal Co. below
.and compare V. 82, p. 693, 629,
V. 82, p. 869, 805.
and V.
78, p.
1110.—
929
—
Earnings. At the present rate the aggregate net annual earnings of the
properties to be acquired by the company is over $1,050,000; interest on
bonds to be issued, including reserve for refunding, $875,000; balance applicable to stock, $175,000.
Estimated Earnings for tlic First Year after the Property Is Completed.
Estimated net earnings for the first year after the property is
completed by the expenditure of $6,000,000
$1,550,000
("The above estimate is based upon only $4,500 gross earning per mile of road and 65 Tr for operating, although the
Norfolk & Southern is now earning $5,500 gross and $4
•>•
net profit per 1,000 feet, board measure, cut by the lumiv]
her companies, although they are exceeding that estimate
by 33% at the present time.")
Interest
on bonds
875 ,000
Applicable to preferred and
—V.82, p. 805.
common stock
X675 000
"
—
—
Pennsylvania & Ohio (Electric) Ry. Change in Control.
L. A. Robin.son, General Pa.ssenger Agent of the Pittsburgh
& Lake Erie RR. (controlled by the Lake Shore & Michigan
Southern) has purchased a majority of the $700,000 capital
stock of the Pennsylvania & Ohio (Electric) Ry., presumably
in the interest of the railroad company, and it is said
proposes to consolidate the Pennsylvania & Ohio with the
Ashtabula & Lake Shore Electric Ry. and the Woodland
Beach Park Co., of both of which he is President. V 74
p. 478.
—
—
—
Providence Terminal Co. Proposed Merger. AttorneyGeneral Malone, having decided that this company's bonds
are not a legal investment for Massachusetts savings banks
(compare V. 82, p. 693), the stockholders, it is announced,
will vote May 8 on a proposition to sell the company's
property, rights, franchises, etc. to the New York New
Haven & Hartford RR.— V. 82, p. 693, 629.
Raleigh & Pamlico Sound RR. See Norfolk & Southern
Ry. above.— V. 81, p. 1101.
Raleigh & Southport Ry. Bonds Status.
F. J. Lisman & Co., New York, in November la.st placed a block of
the first mtge. 5% 60-year gold bonds, dated 1905 and due
June 1 1965. Interest payable June 1 and Dec. 1 in N.
Y. City. Knickerbocker Trust Co., New York, trustee.
The firm's circular says in substance:
This company acquired on June 1 1905 the Raleigh & Cape Fear Ry.,
Raleigh, N. C, to EiUington, on the Cape Fear River, 31 miles, and
—
—
—
—
building a bridge over the river and extending the Une 30 miles south
to Fayetteville, a prosperous manufacturing town.
To raise part of
the funds for construction, and for the acquisition of the R. &. C. F. Ry.,
the company has authorized a first mortgage for $2,000,000, of which
$167,000 is reserved to take up the bonds of the Raleigh & Cape Fear
Ry.; $30,000 is to be issued on account ot the bridge, costing about
$40,000, and the balance is issuable at $7,000 per mile for line of road
constructed or acquired, and at the rate of $1,000 per mile additional
is
New York & Rockaway Beach Ry. — Notice
to
—
5%
Holders of
.Second Mortgage
Income Bonds and Stock. F. J. Lisman
& Co., No. 30 Broad Street, N. Y., "having concluded to
act for the holders of the above bonds and stock to promote
interests," announce by advertisement on another
Under no circumstances can the mortgage exceed
for equipment.
page that they will receive deposits of the same under a .S8,000 per mile, including equipment, except the ,$30,000 bonds issuable
deposit agreement on or before April 30 1906.
V. 77, p. for the bridge. The total mortgage on the hne from Raleigh to Fayetteville will be about $475,000, anfl at this time there is no intention what2098.
soever of building any additional mileage.
Norfolk & Southern RR.— ilferg-er.— See Norfolk & SouthThe total interest charges will be $24,000 on the 62 miles, while the
present 32 miles are earning net at the rate of over $21,000.
It is estijern Ry. below.— V. 82, p. 805.
mated by competent railroad men that the company will easily earn gross
Norfolk & Southern Ry. Merger. In connection with approximately $150,000, with $60,000 net. The hne connects at
the underwriting (Edward Sweet & Co., managers) the fol- Raleigh with the Southern Ry. and the Seaboard Air Line, and at
Fayetteville with the .\tlantic Coast Line's main line, as well as its
lowing information is given:
division running from that point to Wilmington, tlie nearest seaport;
Proposed "Norfolk d" Southern Railway Compamj ."
also with boats running from the head of navigation on the Cape Fear
•' Acquisitions
A corporation to be organized with the above or some River at Fayetteville, to Wilmington, where connections are made with
Other appropriate name under the laws of the States of Virginia or North the Clyde and other hues for all Atlantic ports. With these connections
Carolina, or both, will acquire the property of the Norfolk & Southern the company will occupy a strong strategic position, as a con.siderable
RR. (Jo., Virginia & Carolina Coast llR.Co. (V.82, p. 753; V.80, p. 2346), amount of long-haul trafhc, such as lumber, cotton and tobacco, originPamlico Oriental & Western Rll. Co. and Raleigh & Pamhco Sound liil. ates along the line. Compare page 124 of "Railway & Industrial" Sec•their
—
—
—
—
Co. (V. 81, p. 1101; V. 80, p. 1363), owning and operating 300 miles ot
well-equipped standard-gauge raih'oad, and the lease of the Atlantic A
North Carohna RR. Co.. owning and operating 95 miles of standardgauge road, together with the valuable terminals of said properties in
.Norfolk and Suffolk, Va., and Elizabeth City, Ed,?nton, Mackey's Ferry,
Raleigh, Washington, Goldsboro, New Bern, Morehead City and Beaufort, in North Carolina, and all of the capital stock and all of the $10,000,(000 sinking fund first mortgage bonds to be issued l),y a lumber company
acquiring all of the property of the Roper, Blades and Belhaven Luinl)er
companies, being over 600,000 acres of timber land in fee and about 200,000 acres of timber rights with standing timber thereon conservatively
estimated to be 4,000,000,000 feet, together with the modern manufacturing plants having a present annual output of 125,000,000 feet, log.ging roads and ample logging equipment.
Construction.
The company will construct an exten.sion of about 200
miles of standard-gauge road] bridging Albemarle Sound and making a
•connected and fully-equipix d railroad system of about 600 miles in lengfli
between Beaufort and Goldsboro, New Bern and Washington, Raleigli
and Washington, Washington and Mackey's Ferry, Belhaven and .Mack-ey's Ferry, Mackey's Ferry, Edenton, Suffolk, Elizabeth City and Norfork, traversing in great part its own land and timber holdings, and will
increase its lumber plants so that they will have an annual output of at
.least 150,000,000 feet.
—
Autfiorized
Capitalization.
mortgage and refunding" 5% 50-year sinking fund
gold bonds, redeemable at any semi-annual interest period
at 110.
As [)art security there will be pledged with trustee
all the .$10,000,000 sinking fund first mortgage bonds of
the lumber company to constitute a sinking fund for the
redemption of the bonds of this issue, through payment to
the trustee of 82 for each 1,000 ft., board measure, of lumber cut or taken from the pro!)erty, together with the net
amount realized from the sale of land, in no year to be less
than $1 75 ,000 and estimated to exceed .'8!300,000
$25 ,000,000
Reserved to provide for retirement of all out-
'•'First
standing liens
Und
.$3
,.500,000
rwritten to provide in part for acquirement
and in full for construction as above
14,000,000
Remaining in treasury issuable for new railroad
or |)roperty und:'r proper restrictions
7,500,000
Preferred stock,
non-cumulative n dremable by company
at par, and unless redeemed exchangeable during five year's
from dite of i.ssue at option of holder for conunon stock,
share for share.5,000,000
Underwritten with the $14,000,000 bonds as
aforesaid
4 ,800,000
In treasury
200,000
•Common stock
20,000,000
5%
As compensation with underwriting
87,000,000
as above
_ 5,700,000
Remaining in treasury for future acquisitions
To conclude acquirement
under proper restrictions
7,300,000
tion.
— V.
80, p. 2400.
Rockford
—
&
Interurban
Ry .—Divisional Bonds
—
Offered
Status.
A B. Leach & Co., New York, etc., are offering
for sale $250,000 of the issue of $1,000,000 first mtge.
$1,000 gold bonds of the Rockford Beloit & Janesville RR.,
now a division of the Rockford & Interurban Ry., which
guarantees the bonds, unconditionally, both as to principal
and interest. Bcmds dated Oct. 1 1905 due Oct. 1 1930,
but redeemable on and after Oct. 1 1910 at 102}/^ and
interest.
Interest April 1 and Oct. 1 at the Am. Trust
Savings Bank, the mtge. trustee, Chicago, or at the first
National Bank, N. Y. City.
circular gives the following
5%
&
A
information about the Rockford
&
Interurban.
—
Capital stock, preferred, $50,000 (issued in April 1906.
Ed.); common, $1,000,000; total, $1,050,000. Bonded debt, $2,525,000 vizRockford & Interurban, .$900,000; Rockford & Freeport Division.
$625,000; R. B. & J. Division, $1,000,000.
Statement of operations for calendar year 1905. (Including the
Rockford Beloit & Janesville and the Rockford & Interurban Co. as
operated independently.)
Gross earnings
$478 ,91 1 Bond interest
$103 ,785
Operating expen.ses, etC-_ 285,056 Dividends
40,000
Net earnings
193,855 [Surplus
50,070
The net earnings for January and February 1906 show a gain over
the corresponding i)eriod of 1905 of $8,297, being an increase of
59%. It is estimated that the earnings for the year 1906 apjilicable
to interest and dividends will be $235,000, without allowing for the
earnings that will imdoubtedly accrue to this property by the completion
of a line now under construction between Belvidere and Elgin, giving
a through hne to the city of Chicago.
The Rockford Beloit & Janesville division extends from Rockford,
111., northerly to the Illinois State line at or near Beloit, Wis., and, by
ownership of all the l)on(ls and stock of the Beloit Delavan Lake &
.lanesville Ry. Co.,
extends also from the State line through Beloit
to Janesville, Wis.
About 27 miles of private right-of-way and
miles of highway and streets; total main tracks about 32><j "miles; 70(toimd "T" rails laid on oak ties, except about 1 J^' miles, which is 72pound 7-inch girder rail. Power house with two Allis-Chalmers engines
of 800 horse power ca))acitv each.
Estimated population served by tills
division, 85,000.— V. 82, p. 393, 162.
1
5H
— See Rock Island-'Frisco Terminal
Rock Island-'Frisco Terminal Ry. —Incorporated. — This
company was incorporated
Rock Island Company.
Ry. below.— V. 82,
p. 870, .335.
in Missouri on April 9 with $5,000,000 of authorized capital stock, the directors being all
THE CHRONICLE.
93U
ofTuials of the St. Louis & San Francisco RR., for the purpose
of coini)lctinK the St. Louis and East St. Louis terminals of
the Hock Island-'Frisco .system and the new freight station
and yards of the; roads in St. Louis. The articles of incorporation authorize:
The con.sfniction of iil)oiit 30 miles of road extending from tlie intersection of tlie Wahiish IIH. witli ilie western boundary of St. Loui.s,
easterly and soutlierly via tlie intersections respectively of Carrie and Bulwcr avenues, Warren and Hall sts., Middle and Collins streets, to the southern limits of St. Louis between JJroadway and the St. Louis Iron Mountain
& Southern Ry.; also the acquisition of the right to .send trains over the
Mississippi Hiver l)v the Merchants' Bridge and to construct terminal
tracks in St. Clair County, 111., connecting with th(^ Merchants' Bridge
and the Madison Illinois & St. Louis Hy. and to a i)oint on the Mis.sissipi)i
The property is now in the hands of Walter Reeves, Streator,
and Jas. E. Hurley and Cyrus Leland Jr., of Topeka, Kaa., as
President
111.;
[Vol. Lxxxn.
recciviis.
.
— V.
81, p. 1067.
—
—
Toronto Railway. A'eu; Stock. The shareholders on
Apiil 17 voted to increase the share capital from $7,000,000
to S«, 000 ,000.
It is said that the new shares will be offered
for sutjscription to holders of record April 28 in proportion
to 7 .shares held.
1
See V. 82, p. 693.
Trinity & Brazos Valley Ry.
Joint Control.
The Rock
Island has acc|uircd a half interest (.see V. 82, p. 870) in this
company, which in April 1905 was purcha.sed by the Colorado
Southern Ry. Co. (V. 80, p. 1423, 2622).
of
—
—
—
New Bonds. The Texas Railroad Commis.sion on March
28 authorized the issue of $.526,000 bonds, covering 26 miles
Mountain & Southern Ry. Purchase.
on March 21 ratified tlie purcliasc of the of completed road from Mcxia south. V. 81, p .560.
subsichary lines, the Little Rock & Fort Smith Ry. and the
United Railways Investment Co. of San Francisco.
Kansas & Arkansas Valley Ry. V. 82, p. 220.
Stat7is.
The old cable power house at Market and Valencia
St. Louis & San Francisco RR.
St. Louis Terminal Com- streets, we learn, has been destroyed in the great conflagrapany.
See Rock Island- 'Frisco Terminal Ry. above.
V. 82, tion, but the insurance of $325,000, it is said, will more than
cover the lo.ss.
The principal power hou.ses, one at Bryant
p. 871, 569.
San Francisco Idaho & Montana Ry. Articles filed in Street, the other at North Beach, have been reported as safe,
Oregon.— This Idaho corporation has filed articles of incor- the latter being almost surrounded by vacant lots. The
near East Carondclel
—
St. Louis Iron
Tiic stockholders
—
—
—
—
—
—
—
—
—
poration in Oregon, its authorized capital stock being
$50,000,000. The company's charter covers the right to
build from San Francisco northerly through Nevada,
Oregon and Idaho via Boise to Butte, Mont., a distance of
1,000 miles, with a connecting hne from Mason to Winnemucca, Nev. Office, Boise, Idalio. V. 82, p. 101.
Southern Ry. Authorized. The shareholders on AprilUS
approved the proposition to authorize an issue of $200,000,000 50-year 4% bonds for the purposes stated in V. 82, p.
397.— V. 82, p. 629, 570.
Stillmore Air Line Ry.
Sale.
A press ^despatch from
Savannah on April 10 says:
The Stillmore Air Line has been purchased by Colonel A. R. Lawton,
Vice-President of the Central of Georgia Railway Co.
H. P. Smart has
become President of the company, which indicates that the road will be
—
—
—
—
—
operated as a separate corporation.
It is said that the purchase price
was about $500,000. The Stillmore Air Line is 54 miles long, running
from Collins, on the Seaboard, to Wadley, on the Central.
Those interested are not prepared, we learn, to make any
statement regarding the matter.
Stock Transfer Act. Law Upheld. The Court of Appeals
at Albany on April 17 unanimously upheld the constitutionality of the law of New York State taxing the transfer of
shares of capital stock.
See further particulars among bank
items on a preceding page and compare V. 80, p. 1443.
Temiskaming & Northern Ontario Ry. Status of Government Enterprise. The Province of Ontario recently placed
in London an issue of £1,200,000 3}^% registered stock,
due Jan. 1 1946 (V. 82, p. 713) in order to finance its requirements in connection with this road. An advertisement says:
—
—
—
—
company's total fire insurance is $3,125,000.
The company's interest in the Philadelphia Co. of Pittsburgh (70% of the $30,000,000 common stock) would, on the
basis of the surplus receipts of that company last year,
entitle the Investment Company to an amount sufficient to
pay its own preferred dividend and
on its/'ommon stock,
'
besides all its fixed charges. -V. 81, p. 1551.
1%
—
Vanderbilt Timber, Mining
—
&
Southwestern Ry.
—Bonds
The directors of this Alabama incorporation are
Offered.
offering at 90%, through the Trenton (N. J.) Trust & Safe
Deposit Co., trustee, $100,000 of the first issue of $162,500
of
30-year gold bonds covering 13 miles of railroad from
6%
Tallapoosa,
Ga., on the Southern
Ry.,to Hopewell, Ala.
"To be extended now
to Montgomery, Ala., a distance of
135 miles in all."
circular says in part:
Denominations of bonds: $1,000, $500 and $250, redeemablejafter
five years at 105.
Bonded issue limited to $12,500 per mile. The
present line of railroad has been in successful operation for the past two
years, handling the timber product of the company, which owns and
controls thousands of acres of long-leaf Georgia yellow pine timber.
Inventory of March 1906 aggregates .$356,717, including 3 locomotives,
A
$13,000; saw mills, $10,500; 13 miles of road, $162,500; 10,000 acres
$100,000; lumber, etc., $21,000.
Profits earned for fiscal
year ending July 1 1905, $50,996, viz.: receipts from sale of lumber,
$33,697; receipts from merchandise, $11,333; receipts from railroad,
$5,966.
The route will extend through an agricultural timber and
mineral belt.
Office, 203 E. State St., Trenton, N. J., or Hopewell, Ala.
Directors.
George O. Vanderbilt, Pres., Princeton, N. J.; William
AUfather, Vice-Pres., Trenton, N. J.; A. B. Haring, Treas., Frenchtown,
N. J.; Lewis C. Lewis, Sec, Chester, Pa.; W.JW. Summerlin, Gen. Mgr.,
Hopewell, Ala.; Wm. B. Wills, Mount Holly, N. J.; Gilbert D. Laird,
Trenton, N. J.
of timber,
—
—
— SeeiNorfoIk &
RR. —Purchase. — This company,
Virginia & CaroUna Coast RR.
Merger.
Southern Ry. above.— V. 82, p. 753.
The
issue is for the purpose of repaying treasury bills of £1,200,000, due May 15,
for the construction of the Ontario Government Ry. from North
(where it connects with the Orand Trunk Ry. and the Canadian Paciflc Ry.).
northerly to the junction with the Grand Trunk Paciflc Ry., a dist.ince of about 265
miles.
The working of the first section of 113 miles from North Bay to Liskeard,
which was taken over from the contractors in January 1905, already shows a considerable net revenue, and the railway, when completed, will have a large local
revenue as well as the through traffic.
West Virginia Midland
which was incorporated in 1905 with $500,000 stock, to build
from Sutton, W. Va., to Marlinton, about 50 miles, on
April 1 took over, under purchase, the Holly. River & Addison Ry., extending from Holly Junction, W. Va., to Webster
The annual report for calendar year 1905, presented to Springs, 30 miles, with a 4-mLle branch. The road, it is
said, will be extended at once up the Elk River Valley above
the Legislature of Ontario on March 1, shows:
Webster Springs, a distance of 20 miles. The old company
Cost of road and equipment to Deo. 31 1905, S7, 475, 473; deduct sales of wood,
interest on deposits, etc., 338,870, leaving $7,346,603 as net cost.
Including the is reported to have had $200,000 stock and $200,000 first
James Bay appropriation the total expenditure is $7,476,441. Liabilities: Loan
from Province, $5,804,004 (represented by above issue of Treasurv bills, now mortgage 5% bonds of 1922.
being taken up by permanent loan); advances from Province, $1,636,164; misWisconsin Central Railway. Bond Issue. The circular
cellaneous, 536,273; a total of $7,476,441.
Gross earnings, $253,721; operating
expenses, $139,773; net earnings, $113,948. There were 86,048 passengers and
of April 10 announcing a meeting of the stockholders for
99,192 tonsot Ireight carried. The earnings for 1906 are much in excess of 1904.
—v. 77, p. 1747. 251.
May 8 states the propositions to be voted upon substantially
Toledo Canada Southern & Detroit Ry, New Guaranteed as follows:
(1) To authorize a series of first mortgage 30-year 4% gold bonds to an
Bonds.— The new 50-year first mortgage 4% gold bonds of
aggregate amount of not exceeding $8,500,000, to be secured by a first
this company are authorized to the amount of $4,500,000, mortgage upon a railroad now under construction extending from Owen,
of which $1,600,000 have been sold to J. P. Morgan & Co., Wis., to Superior, Wis., and Duluth, Minn., and upon terminal properthe proceeds to retire the $1,500,000 7% bonds due Jan. 1 ties in Superior and Duluth; $7,000,000 of said bonds to lje issued to
provide with other funds for the cost of said railroad and terminal prop1906 that were held in the treasury of the Canada Southern erties, including the payment of all construction loans heretofore made,
Ry. The bonds are guaranteed by endorsement by the and the remaining $1,500,000 of said bonds to be reserved for the extenMichigan Central RR., which leases the road from the sion and improvement of said terminal properties.
sale of said $7,000,000 of bonds in the
(2) To approve
Canada Southern, the latter owning the entire $1,547,662 first instance to thethe offer and of this company, and the price at .which
stockholders
In 1913 the stock will go to the Michigan said offer and sale shall be made. V. 82, p. 806.
capital stock.
The bonds are a first mortgage on the road from
Central.
Yosemite Valley RR. Bonds Further Facts.— A copy
Detroit to Toledo, 58.92 miles, with 3.40 miles of second of the mtge. now at hand shows the hmit of the authorized
track and 91 miles of sidings. They are dated Jan. 1 1906. issue to be $3,000,000 first mortgage
5% gold bonds, dated
Guaranty Trust Co. New York, trustee; denominations Jan. 1 1906, and due Jan. 1 1936 without option of earher
$1,000 for coupon bonds and $1,000, $5,000, $10,000 and redemption; amount outstanding, $1,225,000.
'
which were issued
Bay
—
—
—
•
—— —
$50,000 for registered bonds.
Toledo Railway
&
—
Terminal Co. Bondholders' Committee.
Deposits of this company's first mortgage bonds are requested to be made with the Columbia Trust Co. of New
York, as depositary. Committee:
—
Annual sinking fund beginning Jan. 1 1911, for five years, a sura equal
1% of the total bonds then outstanding; for second five
1% yearly; for next ten years, 2% yearly and during the five j'ears
to one-half of
years
ending Dec. 31 1935, 21^% yearly, for purchase of these bonds, but not
exceeding 110 unless the railroad company consents thereto; any fund
not so invested may, if the railroad company so directs, be otherwise
invested.— V. 82, p. 511.
Andrew T. Sullivan, President Nassau Trust Co., Brooklyn, Chairman;
R. E. James, President Easton Trust Co., Easton, Pa.; Samuel C. Eastman, President New Hampshire Savings Bank, Concord, N. H.; Daniel
McCoy, President State Bank of Michigan, Grand Rapids, Mich. V. 82,
p. 753, 220.
Toluca Marquette
—
& Northem|RR. — Sale^of
Amalgamated Copper Co.
—
Bonds. At
auction in this city on March 21 Adrian H. Muller & Son
sold $25,000 of this company's first mortgage
gold
bonds, due 1952, with coupon of January 1905 attached,
for $250 for the lot.
The road extends from Rutland to McNabb, 111., 21 miles, and Broadus
4^%
tolHenry,
1^ mile.
111., 5 miles; trackage (A. T. & S. F. Ry), to Toluca, 111
Capital stock, $150,000; first gold 4 J^s of July 1 1952, $850,000.
1904r05, $111,350; net, $55,585; charges,
balance, surplus, $10,254. The late Charles J. Devlin was
Gross earnings for year
$45,331;
INDUSTRIAL, GAS AND MISCELLANEOUS.
,
—Extra
Dividend.
— The
direc-
on Thursday declared a quarterly dividend of 13^%
same amount as paid in February last) and also an extra
dividend of J4 of 1%. See remarks in editorial column. V.
tors
(the
—
82, p. 754, 570.
—
American Pneumatic Service Co. Listed.
York Stock Exchange has listed 165,814 shares
—The
New
of $50 each
of common stock
aggregating $8,290,700, and 100,000
non-cumulative preferred stock,
shares of $50 each of
agrgegating $5,000,000.
6%
Apr. 21
THE CHRONICLE.
1906.
Report.— See "Annual Reports" in V. 82, p. 866.
American School Furniture Co. Notice to Bondholders
Edward Miohling, 258 Broadway, New York City, requests
—
—
bondliolders who are opposed to the proposed reorganization
plan, which offers them preferred stock in exchange for their
bonds, to communicate with him.
A plan submitted several months ago provided for the
organization of the American Seating Co. (V. 82, p. 336),
with $2,000,000 common stock and $2,000,000 7% cumulative preferred stock (but no bonds), to acquire, it was said:
$3,000,000 in reiil estate, factories and plant equipment; .$1,000,000 of
merchandise and accounts receivable in excess of accounts payable; and
in cash. Foundries and factories in Grand Rapids, Buffalo,
Racine, Piqua, Manitowoc, Rockport, MuskeRon, Walpole and Rloonisburg; in a<ldition, all franclvises, patents, moulds, accounts receivable,
stock on hand and good-will of the American School Furniture Co. and
Average annual sales for five
its constituent plants, 22 in number.
.fl, 000, 000
School desks, 400,000; teachers' desks, 4,200; railroad and reciyears:
The
tation seats, 54,000; church pews, 500,000; opera chairs, 2:38,000.
factories and plants have earned annually for the past five years an
Average annual sales have been .¥2,-S36,592.
average of .$344,492 net.
It was proposed to sell part of the new preferred stock at
par, with 20% bonus in common stock, in order to raise the
$1,000,000 new cash working capital, which it was estimattd
would largely increase the net earnings available for dividends.— V. 80, p. 2217.
—
See American School Furniture
above.— V. 82, p. 336.
American Seeding-Machine Co. Reincorporated CapitaliThis company was incorporated on March
zation Reduced.
American Seating Co.
Co.
—
—
—
20 1906 under the laws of Ohio with $7,500,000 of authorcumulative
ized capital stock, of wliich $2,500,000 is
preferred, and has taken over as of April 1 the business of
the company of the same name, which was organized under
the laws of New Jersey in 1903 (V. 76, p. 596) with $15,000,000 of authorized share capital, the amount issued having
6%
been approximately $6,448,000 common and $6,416,500
7% cumulative preferred. No bonds, mortgage or other
Treasurer B. J. Westcott, under
liens are outstanding.
date of April 10, writes in substance:
With the consent of the stockholders, the directors of the N. J. corporation have sold all of the assets of the company to the Ohio corporation for $1,416,500 of the pref. stock out of a total issue of .$2,500,000,
issue of common; the balance
of the pref. stock, viz., .$1,083,500, is reserved in the treasury for future
purposes and will be sold for cash at not less than par. The proposition
lias been submitted to the stockholders of the N. J. corporation, to
purchase their pref. stock, (.86,416,500) at par, in exchange for 22% in
the new preferred and 78% in tlie new common stock, both at par.
The principal property interests are located in Ohio and near-by States
and the principal stockholders are located in Ohio; so that the' change
to an Ohio incorporation seems a logical one, especially as the laws of
Ohio have, in recent years, been made equally favorable. Also, as an
Ohio corporation, the stocks are non-taxable in this State, which will
add considerably to their market value. The company manufactures
agricultural implements, grain drills and seeding machines of all kinds.
President, Edward L. Buchwalter; Vice-President and Chairman of
Ex. Com., James A. Carr; Secretary, Frank C. Johnson; Treasurer,
Burton J. Westcott.— V. 79, p. 2207.
and $5,000,000 common, being the entire
—
—
Associated Merchants Co. New Stock Authorized. The
shareholders on Wednesday authorized the directors to sell
$5,000,000 additional second preferred stock for the purpose
of effecting "an important purchase now contemplated,"
or for such other purpose as the directors might decide upon.
See V. 82, p. 807, 749.
— Sale& New
— Iron
Bon Air Coal
Stockholders
WiUiams on April
—
Nashville, Tenn.
Notice to
Issue.President John P.
12 sent a letter to the shareholders,
Co.,
—
Bond
saying in substance:
Negotiations are pending for a sale of the company's properties for
S5, 000, 000, to be paid in cash on or before March 1 1907, over and above
the bonded debt. An option contract has been executed in accordance
with which the propo.sed purchaser has put up $100,000, which is to become the property of the company upon its compUance with the following
conditions of the contract.
(1) The company is to add to its properties and include in its conveyance 60,000 acres of land, more or less, adjoining its properties.
(2) The company is to cause all or a majority of its outstanding stock
to be deposited with the Fourth National Rank of Nashville, Tenn.,
duly endorsed for transfer, the bank to issue its negotiable receijjfs
for same.
(3) The company, upon receiving the payment of .$5,000,000
in cash, including said $100,000, is to convey to the purchaser, subject
to its bond mortgages, the properties now owned and the 60,000 acres
to be acquired; or the purchaser may, at his option, take the certificates
of stock deposited upon payment of a sum of money which shall
bear the same proportion to the sum of $5,000,000 as tlie number of shares
deposited and so sold bears to the total number of .shares issued and
now outstanding. The total capital stock outstanding is $1,880,265 94
of preferred stock, and $1,880,265 94 of common stock.
As to the 60,000 acres of land, more or less, to be acquired, the company now has a contract to purchase it, and can immediately acquire it for
51,000,000 of an i.ssue of $1,.500,000 of bonds. Tliat part of the bonds
not used to pay for the.se lands is to be used to develop the lands so to be
acquired, and the purchaser has subscribed for $250,000 of them, to be
paid for at par on demand. V. 82, p. 220, 50.
—
—
Boston Woven Hose & Rubber Co., Mass. Re-incorporation.
Thi.s company was incorporated on March 22 under
—
the laws of Massachusetts with .$1,200,000 capital stock,
in shares of $100 each, of which $7,50,000 is
cumulative
preferred, to succeed the Maine corporation, having the
same title and the same share capital. President Joseph
N. Smith in a circular says:
6%
Each present stockholder will receive in place of each share of his
stock in the present Maine corporation, i)referred or common, a sluiic
of the same cla.ss in the Massachusetts corporation.
Such new shares
will of course be non-taxable in Massachusetts, and as such will have a
larger market vahie than the present shares.
V. 81, p. 1846.
—
Brooklyn Union Gas Co .—Reduction in Rates.— See ConGas Co. of New York below.
AsseLf, etc.
A statement of the company's a!=isets and
solidated
—
Oct. 1 1905, .shows: Capitahzation, $33,000,(capital stock, $15,000,000, first mortgage
bonds
liabilities filed
000
5%
931
$15,000,000 and 6% debenture bonds $3,000,000), and as.sets
aggregating $33,479,733, viz:
Works and holders, $8,920,000; services, $1,125,971; meters and
connections, $2,098,235; street mains and rights at assessed value,
$12,450,000; other real estate, .$5,075,299; pipe and specials on hand.
.?.59,877; office furniture and fixtures, .$47,063; horses, w^igons and
liarness, $40,782; tools and implements, $57,295; net working capital,
$1,605,211; properties represented by .stocks and bonds of sub.sidiary
(Compare V. 80, p. 1853.) V. 81, p. 156.
companies, $2,000,000.
—
—
Buckeye Steel Castings Co., Columbus, O. Distribution.
The shareholders voted on April 17 to increase the capital
stock from $1,000,000 (all of one class) to $2,500,000, of
which 11,000,000 will be 6% preferred, preparatory to a
—
stock distribution of 100%, $500,000 of the common to remain in the treasury. See V. 82, p. 630.
Bunnell & Eno Investment Co. Sale April 25. The
Metropolitan Trust Co., .successor to the Atlantic Trust Co
as trustee, gives notice that the collateral for this company'^
debentures, Scries L, O, P, Q, R, S and T, will be sold
through Richard V. Harnett & Co., at pubhc auction, at th
Exchange Salesrooms, Nos. 14 and 16 Vesey St., New York,
at noon on April 25.— V. 74, p 682.
Central Light & Power Co., San Francisco, Cal. Extra
Dividend.
Tliis company, which began business in San
Francisco in 1897, has not, as reported, increased the rate
of its monthly dividend from 3 cents to 5 cents per share,
the larger distribution being due merely to an extra payment.
There have now been paid 48 dividends of 3c and 5c per
share.
The authorized capital stock is $1,000,000; outstanding 70,000 shares of $10 each; amount paid in on each,
$5.
No bonds. President, Frank Pauson, Parrott Bldg.,
San Francisco.
Columbus & Hocking Coal & Iron Co. Option to Subscribe.
A circular dated April 18 offers to shareholders of record
April 18, the option to subscribe pro rata for $200,000 of the
company's 6% non-cumulative preferred stock and $400,000 6% bonds bearing interest from Oct. 1 1906 (the first
coupon for three months being payable Jan. 1 1907). See
plan in V. 82, p. 511.
The combined .subscription price is, in accordance with the financial
plan, $1,000 for a $1,000 bond, and $500 par value of preferred stock,
and is payable in four instalments of 25% thereof each on or before May
7, July 1, Aug. 1 and Nov. 1 1906, respectively,
at the office of the
Bankers' Trust Co., 7 Wall St., New York City, but optionally all of
said instalments may be paid on or before May 7 1906.
Subscriptions
must be made upon the company's warrant between April 18 and May 7
inclusive, and the first instalment must be paid at the time
1906, both
of the subscription. Each shareholder is entitled to subscribe an amount
equal to 5.7142% of his holdings. See V. 82, p. 754, 511.
Columbus Power Co. Bonds Offered. Estabrook & Co.,
New York and Boston, are offering at 96 J/^ and interest a
block of this company's first mortgage gold 5s. Compare
V. 82, p. 512, 572.
—
—
-
—
—
—
—
—
—
—
Consolidated Gas'Co., New York City. Page Act Reducing Price of Gas.
The bill introduced by Senator Alfred
R. Page and signed by Governor Higgins on April 3, regulating the price of illuminating gas in the city of New York
provides:
Sec. 1. A corporation, association, copartnership or person engaged
—
in the business of manufacturing, furnishing or selling illuminating gas
the City of New York, except in the 5th ward of the Borough of Queens
and in that portion of the Borougli of the Bronx formerly contained
in the towns of Eastchester and Pelham, shall not charge or receive for
gas manufactured, furnished or sold in said city a sum per 1,000 cubic
feet in excess of the following rates:
1. In the Borough of Manhattan, in the first ward of the Borough
of Queens, in the Borough of Brooklyn except the 30 and 31st wards
thereof, and in the Borough of the Bronx, except that portion of it
formerly contained in the town of Westchester outside of the villages of
Wakefield and Williambridge, 80 cents.
2. In the 2nd and 4th wards of the Borough of Queens, and in the 30th
ward of the Borough of Brooklyn, $1 00.
3. In the 3rd ward of the Borough of CJuecns, in tlie 31st ward of the
Borough of Brooklyn, and in the Borough of Richmond, $1 25 for the
remainder of the year 1906; $1 20 during the year 1907; SI 15 during
tlie year 1908; $1 10 during the year 1909; $1 05 during the year 1910,
and $1 thereafter.
4. In that portion of the Borough of the Bronx formerly contained
in the town of Westchester, outside the villages of Wakefield and Williamsbridge, $1 15 during the years 1906, 1907?and 1908; $1 10 during
the year 1900; $1 05 during the year 1910, and $1 thereafter.
Sec. 2. The illuminating gas furnished by such corporation, association,
copartnership or person shall have an illuminating power of not less
than 22 sperm candles of .six to a poimd, burning at the rate of 120 grains
of spermaceti per hour tested at a distance of not less than one mile from
the distributing holder by a burner consuming five cubic feet of gas
per hour and each 100 cubic feet of gas shall not contain more than five
grains of ammonia nor more than 20 grains of sul]5hin- nor more than a
trace of sulphuretted hydrogen.
The jiressure of illuminating gas in any
service mains in the said city at any distance from the jilace of nianiifacture sliall not be less than one inch, nor more than 2)4 inches.
Sec. 3. Any corporation, as.sociation, copartnersliip or person violating
any provision of this Act shalliforfeit the sum of $1 ,000 for each offen.se
to the people of the state.
Sec. 4. This Act shall not apply to gas furnished or sold to the city of
in
New York
.Sec. 5. Chapter 385 of the laws of 1897, entitled "An act to regulate the
price of illuminating gas in cities of 1 ,500,000 inhabitants," and all other
Acts or parts ofActs inconsistent herewith are hereby repealed.
Sec. 6. This Act shall take (>lTect on May 1 ]906.~V. 82, p. 807, 754.
—
Consumers' Gas Co., Toronto.- 5aZc of Stock. On April
3 $500,000 treasury stock was sold at auction at Toronto
at prices ranging from 200 to 201 J^, and averaging 200.7555.
The total stock now outstanding is $2,500,000. V. 81.
—
p.
1608.
—Foreclosure. —
Crawfords villa (Ind.) Water & Light Co.
The Knickerbocker Trust Co. of New York,
filed suit in the Federal Court at
the first mortgage made Feb. 1
as trustee, has
Indianapolis to foreclose
1896 to .secure $225,000
bond.s, of which $195,400 is outstaudiug, the interest thereon
having been defaulted on Jan. 1 1906. There are also outstanding $165,000 second mortgage 6% gold income bonds
dated February 1896
S. C. Rowland is receiver.
THE CHRONICLE.
932
Secretary Victor Cuniberson, No. 44 Wall St., New York.,
signs a circular dated Feb. 1 1906, which says in substance:
A circular was Issued on Dec. 29 advlsInK tlic bondholders that the company would
to pay the Interest on Jan. 1 1906 owinx to the heavy capital expenditures
necessary to comply with the terms of a new 25-year franchise Kranted Sept. 18 1905.
A reorKanlzatloii Is therefore neoe.s.sary, as the repairs and extensions are Imperative.
The present ciipllullziitlon Is; Capital slock, 8300.000: first mortgage bonds outBtandlug. SlU5.:iOO. Income bonds. $175,000.
It la propu.scd. after foreclosure, to organize a new corporation capitalized as folPreferred stock, $200,000: common stock, $175,000: first mortgage 5% bonds,
lows:
authorized Issue. $,'5,000. The present bondholders to receive (without assessment):
For each SI, 000 first mortgage bonds, 10 shares preferred capital stock of new company, $1,000: for each $1,000 Income mortgage bonds, 10 shares common capital
New first mortgage bonds will bo Issued only for the actual capital
stock $1 000.
requirements: It Is believed that a present Issue of S:i5,000 will be sufficient for the
Improvements upon the water plant. The remaining bonds will be left with the
trustee, under stringent provisions as to their future l.ssuc.
The present mortgage covers both the water and gas plants. It may be found
desirable to organize a separate company to hold the gas plant, with capital stock.
$50,000: first mortgage 5';) bonds authorized Issue, 850,000. The (Irst mortgage
bonds will be is.sued only for actual capital requirements, and It Is believed that not
more than 525,000 will be needed tor the reconstruction of the plant. The remaining
bonds will be left with the trustee under stringent provisions. The entire capital
stock of the gas company will be deposited with the triLstee of the new mortgage of
the water company, or will be distributed pro rata amongst the holders of the flrst
mortgage bonds deposited with the Knickerbocker lYust Co.
be unable
The reorganization has been undertaken by the American
Depositary,
Securities Agency, Ltd., of London, England.
Knickerbocker Trust Co., No. 66 Broadway, New York City.
—V. 61, p. 871.
Des Moines (Iowa) Gas Co. Incorporation. This company, organized on Feb. 28 1906 as succes.sor of the Capital
City Gas Light Co., has $2,250,000 of authorized capital
stock; in shares of $100 each, and its indebtedness is limited
by its articles of incorporation to two-thirds of its capital
See V. 82, p. 572.
stock.
—
—
[Vol. lxxytt.
bonus of two shares of stock with every
$100 bond, the entire issue of $100,000 6% first mortgage
Redeemable at 100.
convertible gold bonds due 1926.
for sale, with a
Secured by a first mortgage on the entire plant proi>erties and vessels
maile to the Mercantile Trust Co., of Boston.
Net earnings estitnated
for the vear 1906 over $49,055; deduct interest on present bond issue,
$6,000: balance, $43,055; allowing 6% dividend on $300,000 capital
stock, $18,000; leaving for improvement of plant or to extra dividends,
$25,055.
,
—
General Electric Power Co., San Francisco, Cal. New
Mortgage.
This company, whose stockholders at a
meeting held in the Glaus Spreckels Building, San Francisco,
on Dec. 6 1905 authorized an increase of capital stock from
$1,000,000 to $7,500,000, and on Feb. 15 voted, or were to
vote, on a further increase to $9,000,000, has called a meetStock
—
—
ing for May 15 to increase the bonded debt, recently fixed
Directors:
at $7,500,000, also to $9,000,000.
Kent J. C. Seymour, Guy C. Calden, Secretary; W. E. Cashman,
Harry C. Allen, Albert H. Elliott and Joseph P. Lucey.
Great Eastern Telephone Co. New York City. CorporaCorporation
tion Counsel Holds that Franchise Has Lapsed.
Counsel Delaney on Tuesday rendered his opinion that this
company's alleged franchise, obtained by the New York
He also recommends
Electric Lines Co. in 1883 had lapsed.
that all the old city grants or licenses to the New York
Electric Lines Co. be revoked at once by Commissioner
Ellison.
Compare V. 81 p. 1795.
—
—
—
,
Reduction & Mines Co. Bonds
American Finance & Securities Co., No. 5
Domestic Sewing Machine Co. Sale. See Torrington Nassau St., is offering at par and interest, with a 50% comCompany in V. 81, p. 1491.— V. 79, p. 2088.
mon stock bonus, $250,000 first mortgage 20-year 6% gold
(The) Edison Electric Co., Los Angeles, CaL Bonds bonds (denominations, $500 and $1,000) being the unsold
Offered^Status.—'N. W. Harris & Co., E. H. Rollins & portion of a present total issue, $2,500,000, dated July 1
Sons, and Perry, Coffin & Burr are offering for sale $1,500,000 1904; interest dates Jan. 1 and July 1. Trustee, Empire
An advertisement says:
"first and refunding mortgage 5% gold bonds," of $1,000 Trust Co., New York.
The company has absolute title to the principal silver and gold mines
each, dated Sept. 1 1902, due Sept. 1 1922, but redeemable
Has
of the Guanajuato district, Mexico, whicli it took over in 1904.
on any coupon date on and after Sept. 1 1907 at 110 and recently completed modern reduction mills and cyanide equipment,
Interest payable March 1 and Sept. 1 in New York present capacity, 250 tons per day, to be increased to 500 tons. Directors
interest.
Los Angeles Trust Co., Los Angeles, Trus- Charles L. Kiirtz, Columbus, O.; John S. Bartless, Boston; C. A.
or Los Angeles.
B. Cox, Cincinnati, O.; Henry Hine
New York;
United States Mortgage & Trust Co., New York, Griscom Jr., Guanajuato, George others.
tee.
The total issue under the
and
(President),
Sinking fund 10% of the net earnings, begin- mortgage can be increased under certain conditions to $3,000,000.
Co-Trustee.
ning Sept. 1 1907, for the redemption of the bonds. A circuHudson River Electric Power Co. Bonds Offered Earnlar says in substance:
ings. ~E. H. Gay & Co., having sold $2,000,000 of this comPreferred stock 5% cumulative, authorized $4,000,000. i.ssued $3,840,pany's first mortgage guaranteed gold bonds of 1944, are
200; common stock, authorized $6,000,000, issued $3,840,200; "First
and refunding mortgage" 5s, authorized $10,000,000, issued, including offering an additional $500,000 at 99 and interest; limit of
—
—
Guanajuato
— The
Offered.
(Mex.)
—
"
—
i
—
•
offered, $7,291,000; in escrow to retire sub-company bonds,
$477,000; United Electric Gas & Power 5s assumed (beginning Jan. 1905,
annually is paid to the trustee for their redemption), $497,000;
$15 000
total bonded debt, $8,265,000.
The remaining bonds are held in escrow and can only be issued for
I
75% of the cost of permanent improvements and for the cash cost of
acquisitions, and then only when the net earnings shall be one and threequarters times the interest charges on all bonds outstanding and all
bonds proposed to be issued.
Earnings as officially reported for year ending Feb. 28:
Bond Int. Bal.Sur.
Gross.
Net.
Year
$792,111
$295,524 $496,587
$1,341,685
-1905-06
1,019,241
230,931
518,220
287,289
1904-05
The net earnings as above for the year 1905-1906 were equal to almost
the annual interest charge of $413,640 on the present bonded
double
debt, including the $1 ,500,000 bonds now offered, although no income was
received from the large investment which will increase the water-power
capacity of the company by about 200%.
Operates the electric-light, power, street railway and gas properties
in Santa Barbara, and does a general electric Ughting and power business
in Los Angeles, Pasadena, Santa Monica, San Pedro, Long Beach,
Terminal Island, Redondo, San Bernardino, Highlands, Redlands,
Riverside, Colton, Poinona, Claremont, Whittier, FuUerton, Anaheim,
Orange, Santa Ana and other districts, and a gas-Ughting and heating
business in Redlands, Santa Monica, San Pedro, Long Beach, Monrovia,
Whittier and Santa Ana, serving a population of about 275,000.
Has acquired the franchises, rights, property and all other assets of
the Pasadena Electric Light & Power Co., Santa Ana Gas & Electric Co.,
Redlands Electric Light & Power Co., United Electric Gas & Power Co.,
Santa Barbara and other places; Mountain Power Co., Los Angeles;
Southern CaUfornia Power Co., Los Angeles; CaUfornia Power Co.,
Los Angeles; Edison Electric Co., Los Angeles; Pomona & Ontario
Light & Fuel Co., Whittier Light & Fuel Co., Riverside Light & Fuel
Co., Redlands Gas Co., Colton Gas Co., People's Gas Co. of Monrovia.
"Connected Load" on Feb. 28.
1906.
1905.
1906. 1905.
Incandescent lamps480, 653 360,419 H. p. in motors... 14,451 8,211J^
20,299
1,938
1 ,029 Met connec. elec. . 26,307
Comm.arclamps..
552
3851 Meters connec. gas. 10,601
5,061
Municipal arc lamps
During 1905 generated more than 86% of its current by water-power,
in the Santa Ana, Lytle
and is now operating water-power stations
Creek and Mill Creek Canyons of 11,875 horse-power capacity. In
addition, has steam plants in Los Angeles, Pasadena, San Bernardino,
Redlands, Saitta Barbara and Santa Monica, with a combined capacity
The high economy station in Los Angeles,
of over 11,000 horse-power.
with steam turbines of 7,000 hor.se-power capacity, is about to be enlarged
This, together with
unit of 5,000 K. W. capacity.
by an additional
the two stations just completed at Lytle Creek and Santa Ana No. 2,
will permit a large increase in its business.
In addition, the company owns valuable water-rights on the Kern
River, and is now making an initial development there which will enable
it to deliver in Los Angeles, 110 iniles distant, an average of approximately 20,000 horse-power. This work involves the cutting of a tunnel
through solid rock a distance of 8 2-3 miles to the point where the powerThe inside measurement of this tunnel is 8x9
station will be located.
feet, and water will be delivered at the wheels under an effective head
There are few sources of water supply in Central and
of 841 feet.
Southern California which can compare with Kern River in steady volume for its tributaries are constantly fed by melting snow and rain in
the higher altitudes. The ultimate capacity of the stations now planned
on this river will be about 60,000 horse-power, and. owing to the cheap
cost of production, the net earnings will be largely increased as the new
stations are completed.
^.
,
,
„
Management: John B. Miller (President); Henry Fisher, J. S. Torrance H. H. Sinclair, Wm. R. Staats, Pasadena; J. C. Drake, Los
Angeles- George 1. Cochran; Walter S. Wright, Pasadena; John S.
Cravens. Los Angeles, and A. L. Selig.— V. 81, p. 671.
bonds now
•
—
•
I
.
The earn-
mortgage, $5,000,000; present issue, $2,500,000.
ings are reoorted as follows:
Vear 1903,' $305,938; 1904, .$543,886; 1905, $738,388. For 6 months,
Aug. 1905 to Feb. 1906, gross earnings, $435,396: operating expenses,
On
$209,301; net earnings. $226,095.
the basis of eross earnings for
above 6 months, the revenue for 12 months will be $870,793; add yearly
revenue from transmission line now under construction and to be completed by June 1, $250,000; total revenue one year, $1,120,792 less opererating expenses of, say, $418,602; net annual earnings, 8702,191;
annual interest outstanding bonds of companies owned, $294,175; annual
interest $2,500,000 Electric
Power Co.
$283,016.
5s, $125,000; surplus earnings.
—
See Hudson River Power
Offering of Guaranteed Bonds.
Transmission Co. below.
V. 82, p. 163.
Hudson River Power Transmission Co. Guaranteed Bonds
Moore, Baker & Co., Boston, are offering at 101
Offered.
and interest $300,000 refunding mortgage 5% gold boiids,
guaranteed principal and interest by the Hudson River
Electric Power Co.
Dated June 15 1905, due June 15 1935,
Total issue of $1,250,interest payable April 1 and Oct. 1.
000, of which $600,000 have been issued for improvements
and additions, and $650,000 are reserved to refund, when
Compare
due, an equal amount of bonds heretofore sold.
Capital stock issued, $750,000; bonds
V. 81, p. 1177.
Earnings:
outstanding, $1,250,000.
—
—
—
Gross.
Net.
Net.
Year.
Year.
Gross.
$63,671
$132,614
1902
$75,763
$24,048 1904
127,288
198,347
1903
122,117
75,745 1905
For year ending Dec. 31 1905: Gross earnings, $198,347; operating
expenses and taxes, $71 ,058; net earnings, $127,289; interest on all bonds,
See V. 81, p. 1177.
$64,000; surplus, $63,289.
—
—
Indianapolis Telephone Co. Proposed Increase in Rates.
This company is asldng the city authorities:
To permit an increase in rates for business telephones from $40 to $52
a year and for resilience telephones from $24 to $30; to extend the
franchise (which has seventeen years to run) for 40 years from next
July, the franchise tax to be $6,000 a year flat, instead of $6,000 and
$2 a year for each telephone over 6,000 in use; and to authorize an
additional annual charge of $2 a telephone for each 1,000 telephones over
15,000 that may be installed and used.
The company, it is said, has about 10,000 telephones in use. V.
—
82, p. 163.
—
—
Inter-State Telephone Co., New Jersey. Foreclosure.
Robbins, trustee under the mortgage securing
$1,913,000 bonds, has been authorized by Vice-Chancellor
Bergen to make Receiver Oscar Keen a party to the proposed
foreclosure proceedings.
See V. 82, p. 808.
Kirk (Jas. S.) & Co., Chicago. Re-incorporation. This
company was incorporated on March 29 1906 under the
laws of Illinois with $1 ,500,000 capital stock, all of one class,
to succeed the New Jersey corporation of the same name
and the same share capital. V. 70, p. 794.
Carroll
—
—
—
—
—
Knickerbocker Ice Co., Chicago. Mortgage. The company has made a mortgage to the First "Trust & Savings
Bank of Chicago and Emile K. Boisot as trustee to secure
an issue of $6,000,000 5% 40-year refunding mortgage bonds,
Gas Rates in New York City. See Page Act under a block of which has been deposited as collateral for an issue
Three independent
of $1,500,000 collateral trust notes.
Consolidated Gas Co. above.
Gay Head Fire Brick Co. Bonds Offered. The Inter- ice companies are said to have been acquired recently at a
Trust Security Co., No. 7 Water St., Boston, is offering cost of $700.000.— V. 82, p. 390, 337.
,
„
,
—
—
—
Apr. 21
THE CHRONICLE.
Acquisition. — This
New York &
J90G.J
Long-Bell Lumber Co., Kansas City.
company, whose letter-head reports a capital and surplus
of
$5, 000 ,000, has purchased all of the property of the BiadThe deed
Ie5'-Kam.sey Lumber Co. of Lake Charles, Ind.
Total consideration,
filed for record on April 10 reports:
$3,500,000; cash payment, $750,000, the remainder being
notes falling due at intervals until
represented by 108
The property, it is said, will be operated under the
1915.
name of the Calcasieu Long Leaf Lumber Co. A press dispatch to the "New Orleans Times-Democrat" from Lake
Charles on March 16 said:
For thU sum the I>onp-Bell Lumber Co. acquires the Mount Hope
and Micliisan M\]U of this city, the liisr planini;-mill owned by the same
compnnv, (lie L;ike Charles Chemical Company's ))!ant, designed to
utilize the waste i)roduct of the two mills; the Lake Charles & Lees\ille
narrow-saufje railroad, extendini; from Moss Bay north and a little
west SO^niles; tufrs and barges and C."),0()0 acres of virgin timber land,
5%
in addition to 40,000 acres of timber land that has lieen partially cut
Conii.ar.- \\ 81. ]). 214; V. 78, p. 1:395.
over.
—
Marion Phosphate Co.— A'ew' Trvstee. At Savannah, Ga.,
Judge Cann signed an order appointing the Savanon Feb.
nah Trust Co. trustee of the propert}-, to succeed Joseph D.
Weed, resigned, under terms of trust deed. Central Trust Co.
of New York, trustee, securing .5200,000 first mortgage 20year bonds.
Mexican Gulf Commercial Co. Sold. Judge Hook in the
United States Court of Appeals at St. Louis, on Feb. 10, confirmed the sale of this company's property for $350,000 to
Dr. W. S. Woods, D. J. HaflF and S. W. Mason, all of Kansas
City, representing a group of the old bondholders. The purchasers, it is said, have organized the Dos Rios Plantation
Co. to take over the propertv, including coffee plantations
in the State of Vera Cruz, Mexico.— ^'. 80, p. 716.
Mexican Light & Power Co. Operations. The company
now has two units in operation from its electrical plant at
Necaxa, and has closed its steam plant in the City of Mexico.
The present output is unofficially reported as 13,000 H.P. to
—
—
—
—
(See illusinto the El Oro miniuK district.
trated article in "Electrical World and Engineer," of Oct. 28 1905.)
:30-year gold
Bonds outstanding: $12,000,000 Mex. Lt. & P. Lst
30-year gold bonds
bonds; $6,000,000 Mex. p:iec. Lt. Co. 1st M.
guar. p. & i. by M. L. &. P. Co.— V 82, p. 164.
Mexico City and
4, .500
5%
5%
Trolley
Alliance.
roads" above.
— V.
— See
Mexican Tramway under "Rail-
82, p. 164.
—
&
Georgian Bay Canal Co. Securities,
Bellcourt & Ritchie, solicitors, announced under date
Etc.
of Ottawa, Jan. 4, that application will be made to the
Parliament of Canada at its next session to amend the Act
of incorporation by increasing the capital stock from
$10,000,000 to $50,000,000 and by authorizing the company
to issue bonds, debentures, or other securities to the extent
of $100,000,000; also to extend the time for the commencement and completion of the canals which the company is
authorized to construct.
Montreal Ottawa
—
Mortgage Taxation in New York State.
Higgins on April 19 vetoed the Page-Dowling
— Vetoed. — Gov.
bill
substituting
a recording tax for the present annual tax on mortgages,
on the ground of ambiguities and other defects. V. 82,
—
p.
872.
—
—
National Brick Co., Chicago. New Enterprise. This company, promoted "by Bernard F. Weber, formerly Vice-President of the Illinois Brick Co. (compare V. 80, p. 654), has
now in operation two of its three'plants and expects to have
the third running early in May, increasing its total output
capacity from 300,000 brick daily, as at present, to 1 ,000,000.
Tlie plants are located at Weber,
Ind., and at Chicago Heights, 111.
111., west of Rogers Park, at Maynard,
Tlie company was incorporated June
28 1905 with $500,000 of authorized capital stock, and made a mortgage
to the Metropolitan Trust & Savings Bank of Chicago, trustee, to secure
an issue of $200,000 of 10-year 5^A% bonds. These bonds, placed by
Weber, Kranz & Co., Chicago, at or about par, are dated July 1 1905 and
are due July 1 1915; denomination $500 each; interest payable Jan. 1 and
July at office of trustee. Capital stock authorized, $500,000; outstand1
ng. 1300,000. in .SIQO
.sliares.
Co. — Mortgage
—
National Fire Proofing
Filed.
This comis filing its mortgage, recently authorized, securing an
i-ssue of $2 ,.500 ,000 5% gold bonds maturing in ten annual
instalments of $2.50,000 each until 1916. The New York
Trust Co. is mortgage trustee.— V. 82, p. 866, 808, 755.
National Lead Co. New Directors.
At the annual meet-
pany
—
—
on Thursday the membership of the board of directors
was increased from thirteen to fifteen, and to fill the newpositions, and the vacancy caused by the death of W. H.
Thomp.son of St. Louis, there were elected Daniel Guggenheim, Murray (Juggenheim and Edward Brush. The newdirectors represent the Guggenheim United Lead and
American Smelting & Refining interests, which, it is understood, recently purcha.sed control of the National Lead Co.
ing
—V. 82, p. 865. 808.
New Jersey & West
—
—
Virginia Bridge Co. Consolidation
were recently ccnisolidated the West
Virginia Bridge & Construction Co. of WheeUng (V. 78, p.
717) and the New Jersey Bridge Co., which has a plant at
Manasquan, N. J., combined capacity said to be 3,000 tons
monthly. The capital stock of the consolidated company
is $500,000.
Directors: F. M. Feet, President; Edward Hazlett and Charles F.
Under
this title there
Paxton, Vice-Presidents; F.M.Wyant, Treasurer; andT. H. Thoma.s,
Secretary; (Jeorge A. l,aughlin, C. H. Hubbard, Senator S. I». Elkia.-H,
J. J. Hollowav, W. E. Stone and E. W. Oglebay.
Office, Maiiasuuan,
N.J.
—
—
New York Electric Brake & Coupler Co. History. See
.item erroneously headed "Electric Brake & Coupler Co." in
V. 82, p. 871, and compare V. 69, p. 181; V. 68, p. 1133.
933
—
Queens Gas Co. Rates. See Consohdated
Gas Co. above. V. 81, p. 117S.
New York & Richmond Gas Co., Stapleton, S. I.
See Consolidated Gas Co. above.
Rates.
V. 81, p. 1726.
Northwestern Commercial Co.—Aet^ Interests. ^This company is associated with J. P. Morgan & Co. and the Guggenheims in a project to build a railroad to develop a copper
property adjacent to the Copper River in Alaska. The
Northwestern Commercial Co. is a holding company and
controls the following properties:
Northwestern Steamship Co.; Northwestern Fisheries Co.; North Coast LightNorthwestern Siberian Co. Compare V. 80,
erage Co.;
—
—
—
p. 1179, 2224;
V. 82, p. 696.
—
—
—
Northwestern Developihent Co. Neto Project. This companv has been organized with an authorized capital of
152,500,000 i)ref erred stock and $3,750,000 common stock,
to construct a railroad from Nome, Alaska, 120 miles to
H. C. Davis of A. A. Housman & Co. is
the northeast.
Published reports erroneously associating the
President.
enterprise with the Northwestern Commercial Co. are due,
no doubt, to the fact that there is a traffic agreement between the companies. They are not otherwise related.
See item above as to North-v\^estern Commercial Co.
—
Opelika (Ala.) Sewer Co. New Trustee.—The West End
Trust Co. of Philadelphia has succeeded the City Trust,
Safe Deposit ct Surety Co. as trustee under the mortgage
of Feb. 1902 securing $75,000 bonds.
Paint Creek Collieries Co. Consolidation. This company
was iiu'orporated under the laws of West Virginia in Dec.
1905 with $5,000,000 of authorized capital stock and has
taken over the following properties on Paint Creek Kanawha
County, W. Va., which were purchased by a syndicate composed mainly of Scranton, Pa., men:
—
—
,
Hickory Camp Coal & Coke Co., Greenbrier Coal Co., Grose Colliery
Co., Nickolls Coal <fe Coke Co., Norton Coal Co., Detroit & Kanawha
Coal Co., Banner Coal Co., Paint Creek Coal Co., Scranton Splint Coal
Co., and Wacomah Coal Co.
Capitalization Etc. of Paint Creek Collieries Co.
The stock
is $5,000,000, all of one class and all ovitstanding, par
$100. A mortgage has been made to the Scranton (Pa.)
Trust Co. to secure an issue of $3,000,000 5% gold bonds, of which
$1,800,000 is outstanding. Bonds $1,000 each, dated Jan. 1 1906 and
due Jan. 1 1956, but subject to call after Jan. 1 1909, any or all, at
105; interest pa.yable July 1 and Jan. 1 at office of trustee; sinking fund
There are no jirior liens. The prop5 cents per ton on all coal mined.
erty embraces about 15,000 acres of coal land, with, it is said, an annual
output capacity of about 1,000,000 tons. It is reached by a branch of
the Chesapeake & Ohio R.v. and also has river transportation b.y Kanawha
and Ohio Rivers. President Wm. D. Bo.yer, Scranton, Pa.; Secretary,
A. A. Underwood; Treasurer, E. P. Mucklow.
of shares
—
—
Phoenix (Ariz.) Water Co. Adverse Decision. See "Phoenix" in "State and City" Department of to-day's issue.
V. 80. p. 1000.
Pittsburgh Oil & Gas Bond Co. Bond Issiie. The shareholders will vote April 23 on a proposition to issue $1 ,200,000
third mortgage-collateral trust bonds, covering the entire
property, to provide for the payment of floating debt incurred for improvements and extensions.
Subject to the
vote of the stockholders, the entire issue has been sold.
—
—
An issue of $2,600,000 second collateral trust 6% gold bonds was
authorized in 1904 (due $200,000 yearly beginning Oct. 1 1907), of
which $1 ,600,000 was reserved to retire a like amount of first 6s maturing
in annual installments from 1905-1909.— (V. 76, p. 1146; V. 79, p. 1644,
2208; V. 80, p. 2341, 2348; V. 82, p. 104).
Pittsburgh Stove
—
&
Range Co.
— Meeting
to
Authorize
Sale.
The shareholders will vote April 23 on a proposition
to confirm the action of the directors authorizing the sale
of the companj'^'s property to a new corporation having
$.500,000 capital stock, all of one class, and a like amount
of
bonds.
For the $1,000,000 common stock of the old
company one share of the new, it is said, will be offered for
each two shares no.w held and for 40 shares of the $1 .000,000
5%
preferred stock will be off"ered a $1,000 bond.
An officer of the company under date of April 18, how-ever,
writes: "We are unable at the present time to give you any
data relative to the reorganization, as our plans are not as
yet entirely formulated and thev are subject to change."
V. 82, p. 456.
Quaker Portland Cement Co. Sale^ of Securities. See
Delaware & Northampton RR.. V. 82, p. 868.- V. 82, p. 696.
Queens Borough Gas
Electric Co., Far Rockaway, N. Y.
Rates.
See (\)nsoli(lated Gas Co. above.
V. 75. ]). 669.
—
—
—
&
—
—
—
—
Rogers Locomotive Works. Called. Twenty-five ($25,000) first mtge. bonds drawn for redemptit)n will be paid at
par and interest on May 14 at Colonial Tru.st Co., N. Y.
V. 80, p. 1482.
—
—
Rubber Goods Manufacturing Co. Board Reduced. At
the annual meeting last week the shareholders adopted the
proposition to change the by-laws, retlucing tlie luunber of
directors from 15 to 9, but with the proviso that the board
of directors may, if deemed advisable, incrca.se this number,
but not to exceed 21. The election of directors resulted:
—
Elected.
Chas. H. Dale, Ernest Hopkinson, Charles A. Hunter,
Frank W. Eddy, Arthur L. Kelley, Samuel 1'. Colt, Anthony N. Brady.
Lester Leland and Jolui J. Wat.son Jr.
Uetlred. -Talbot J. Tavlor, Eilward Lauterbaoh, Harry Keene, C. J.
Butler, M. I. Blanchard, H. O. Smith, E. J. Coughlin, W. J. Courtney
and J. H. C«bb.
New Offices. The company removed its offices to 42
Broadway, 11th floor, at the end of last week, those of the
United States Rubber Co. being on the floor immediately
above.— V. 82, p. 866.
—
For other Investment New*. ••# iMge 997.
'
THE CHRONICLE.
1)34
[Vol. lxxxu.
iml Bocunicui5»
S^cpovts
NEW YORK CENTRAL & HUDSON RIVER RAILROAD COMPANY.
THIRTY-SEVENTH ANNUAL REPORT— FOR THE YEAR ENDKD
To
the Stockholders of the
New York
Central
tt
Hudson River
Railroad Compar.y:
The Board of Directors herewith submits its report for
the year ended December 31 1905. witli statements showing
the results for the year and the financial condition of the
company
The report covers the operation
of the
system east of Buf-
falo, as follows:
Main Une
Miles.
808.64
3. 06
---
Propriet ary lines
Lines leased
Lines operated under contract
(1
--
-- -633 .00
9o.21.
-
234.44
Lines operated under trackage rights
3,774^35
Total road operated
« The Dunkirk Allegheny Valley & ritisbingh Railroad. 90.51 miles,
also leased by this company, Imt its mileage and operations are not
included in this report. Separate accounts are kept and independent
reports prepared in its behalf.
is
The following mileage (including
added during the year:
New York & Ottawa Railway
Ottawa & New York Railway
Lawrence & .Adirondack Railway
.•>t.
Cherry Tree & Dixonville Railroad
Beech Creek Extension Railroad
•
Less account re-measurements, etc
Total
traci^age
rights)
was
69 .62
58.67
65.07
27 .82
38.45
259 .63
.15
-J^l!
A statement showing in detail miles of road and track
(See pamphlet
operated will be found upon pages 27 and 28.
report.)
capital stock authorized to December 31 1904 was-. $150,000,000 00
There has been no additional stock i.ssued during the year,
the amount issued and outstanding on December 31
132,250.000 00
1905 being
The
Leaving a balance authorized but not issued on that date of $17,750,000 00
The funded debt outstanding on December
31 1904 was. .$226,622,748 70
has been increased during the year by the following
issues for general purposes of the company:
83,500,000 00
Four per cent gold debentures of 1904
292,096 30
3J^vc Kold mortgage bonds
It
Total funded debt December 31 1905
$230,414,845 00
On Jaimary 4 1905 there was authorized the purchase o f
46,941 shares of the preferred capital stock of the Rutland
Railroad Company, being 50.7% of the entire capital stock
On the same date there was authorissued and outstanding.
ized the purchase of 15,704 shares of the capital stock of
the St. Lawrence & Adirondack Railway Company; and on
January 18 1905 the purchase of 446 additional shares,
tliereby acquiring all the outstanding capital stock of the
latter-named company. The results of the operition of
the railroad owned and controlled by the St. Lawrence &
Adirondack Railway Company, covering 65.07 additional
miles, have been included since January 1 1905 with those
of the New York Central & Hudson River Railroad Company.
The New Y'ork & Ottawa Railway was leased by this company under date of February 1 1905. This lease, by virtue
of the ownership by the New York & Ottawa Railway
Company of the securities of the Ottawa & New York Railway Company the Cornwall Bridge Company and the New
Y'ork & Ottawa Bridge Company, added to the mileage operated 128.29 miles.
The Cherry Tree & Dixonville Railroad was opened during
the year for the operation of the trains of the New York
Central & Hud.son River Railroad Company and the Pennsylvania Railroad Company, under joint contract with the
Cherry Tree & Dixonville Railroad Company, thereby adding 27.82 miles to the mileage operated.
The extension of the Clearfield Southern .section of the
Beech Creek Extension Railroad to Irvona, and the trackage
rights granted by the Pennsylvania Railroad Company over
the Cambria & Clearfield Railroad from Irvona to Amsbry,
added to the mileage operated 38.45 miles.
Under an agreement dated March 30 1905, a new corporation entitled the Beech Creek Extension Railroad Company
was formed by the consohdation of the Beech Creek Extension Railroad Company, the Clearfield Southern Railroad
Company, the Pittsburgh & Eastern Railroad Company and
the Curwensville & Bower Railroad Company, wliose railroads and property liad been previously leased to tiie New
Y'ork Central & Hudson River Railroad Company and opBy the consolierated as part of its Pennsylvania division.
dation the old leases were abrogated and a new lease of the
road of the consolidated company, dated June 22 1905, for
999 years, was substituted therefor. The entire mileage of
the new company's road is 128.34.
,
lJl-:('i:.MIiER 31
1905.
On .May 1 1905 there matured .S3, 577, 500 of the New York
Central A: Hud.>^on River Railroad Coiupanv's
extended
debt certificates and on June 1 1905 .?5 .094 ,000 4% gold
debentines of 1890. There was issued in lieu of these bonds
$8,671,500 of 3]/^% gold mortgage b<»nds. This will effect
an animal saving in interest of S43,357.
^
4%
A rc.-olution was pa.s.sed under date of November 17 1905
providing for the i.ssue to the stockholders, at par. of S17,192. .500 of the balance of capital stock authorized but unissued, being 13% of their holdings.
Tiie new capital stock
will be ntitled to all dividends fieclared subsequent to that
payable January 15 1906.
During the year there were acquired 14.990 shares of the
capital stock of the Rochester & Ea.stern Rapid Railway
Company, operating an electric line between Rochester and
Geneva; and 3.000 shares, or one-half of the capital stock,
of the Schenectady Railway Company, operating an electric
line in the citv of Schenectadv, with branches to Albany,
(
Troy and Ballston.
The
securities in various electric lines in
New York
State,
purchased this year, together with those previously acquired,
were exchanged for $6,000,000 of the capital stock of the
Mohawk Valley Company, which was organized during the
year with a capital stock of $100,000, afterwards increased
to $10,000,000.
Satisfactory progress has been made on the work connected
with the improvement of the Grand Central terminal and the
Croton and North White Plains.
stations at Port Morris and Yonkers are
nearly completed and work on sub-stations at various points
and transmis.sion lines is well under waj'. It is expected
that operation by electric traction between the Grand Central Station and temporary terminals at Woodlawn and
High Bridge will be installed during the coming year.
Among the important improvements under way or completed are the abolition of grade crossings at various points
on the systein the relief of main tracks between Albany and
Buffalo by construction of additional .sidings, etc., and the
eantinuation of double-tracking, revision of grades and the
construction of additional sidings on the Pennsylvania
division.
electrification of lines to
The main power
.
SUM.M.\RY OF FINANCIAL OPER.A.TIONS .-VFEECTING INCOME.
Increase {+) or
1905.
1904.
—
Decrease (
miles
+259 48
operated.
22 $46,932,254 30 +$5,380.076 92
75 24.174,033 90
+1,587.352 85
+144.71106
24
2,724.23118
10
2,410.235 18
+301.108 92
+18.894 92
2,179.555 24
2,160,660 32
262.042 47
171,793 86
+90,248 61
3,774.35 miles 3,514.87
EarninQs from operation
operated.
freight traffic
$52,312,331
passenger traffic. 25.761,386
express traffic
2,868,942
transport 'n of mail 2,711,344
.
From
From
From
From
From
From
rentals
mi.scellan. sources.
$86,095,602 02 $78,573,208 74 +$7,522,393 28
Totals
Expenses of operation.
(69.65%)
For maintenance of way
and structures
$9,984,10115
For maintenance of equipment
13.238,12454
For conducting transportation
.34,360,220 81
For general expenses... 2,385,582 41
+(0.20%)
(69.45%)
$9,487,347 47
+$496,753 68
10,960.874 86
+2,277,249 68
32,097,449 66
2,023.693 96
+2,262,77115
+361.888 45
Totals
-$59,968,028 91 $54,569,365 95 +$5,398.662 96
construction (addi-1
tion betterments")
20,297 55
^1,532,72184
1,553,01? 39
New
—
New equipment (addit'ns
Totalexpenses
$61,-500,750 75 $56,122,385 34 +$5,378,365 41
Net earnings
Other income.
$24,594,851 27 $22,450,823 40 +$2,144,027 87
Dividend on Lake Shore
& iMichigan Southern
stock
$3,623,136 00
.-
Dividend
on
$3,623.136 00
Michigan
672,572 00
672.572 00
1,329,934 77
Central stock
1,272.438 58
Dividends and interest on
other
.securities
+57.496 19
Interest on loans, notes
897,856 63
bills
Totals
900.590 28
-2,733 65
$6,523,499 40
and sundry
$6,468,736 86
+54,762 54
$31,118,350 67 $28,919.560 26 +$2,198,790 41
Gross income
First charges.
Interest on funded debt. $8,223,557 08
Rentals of leased lines.. 9,508,499 37
2,726,02148
Taxes on real estate
Taxes on capital stock.. 1,143,438 14
Taxes on bonded debt .
Taxes on gross earnings.
Railroad Commissioners'
assessments
Canadian provincial taxes
St. L. & A. Railway: Interest, rentals, etc
Use joint facilities: fixed
interest basis
Interest on loans, notes
and
bills
Totals
Netincome
payable
2.413 24
136,470 39
36,216 93
3,186 38
$7,579,31195
9,479.955
2.617,014
783,148
2,579
126.293
49
20
29
52
35
+$644.245
+28.543
+109.007
+360.289
—166
13
88
28
85
28
+10,177 04
+5,52170
30,695 23
+3,186 38
-.
+109.63125
109,63125
243,973 68
all8,93820
109,094 56
326.885 17
n
-t-
1
25 .035 48
—217.790
61
...$22,242,502 50 $21,064,821 40 +$1,177,681 10
$8,875,848 17
$7,854,73886 +$1,021.109 31
ArR. 21
THE CHRONICLE.
1900. J
1904
1905
%8,S7o,84S 17 %7, 854,738 86—
Browjht forward
Reserve for redemption
of 4^c Gold debentures
300,00000
150,00000
of 1890
Balance available for
88,725,848 17
dividend
Cash dividends, four, aggregating 5%
6,612,500 00
+ $1 ,021 ,109
Conducting transportation increased .$2,262,771 15. The
account
per-diem-mileage
increa^sed
$579,245 12. The
locomotive fuel expense increased $384,665 26, due to
grcat(M- voluni(> of business, the average cost per ton being
slightly less than in the previous year.
The balance of the
increase was distributed through the A^arious accounts
affected by the larger volume of traffic.
The net earnings were $24,594,851 27, an increase of $2,144,027 87.
First charges were $22,242,502 nO, an increase of $1,177,681 10, the principal items being interest on additional issue
of debentures of 1904 and heavier proportionate charges oa
account of taxes, largely the result of adjustments of accruals
on account of change in the date of closing of the fiscal j^ear
SI
—150,000 00
$7,554,738 86 +$1,171,109 31
6,612,500 00
$2,113,348 17
$942,238 86 +$1,171,109 31
$2,113,348 17
From the surplus for the year...
There should be deducted
Special improvement fund for new equip$1,500,000 00
nient and betterments
Discount commissions, etc., account bonds
issued
267,965 00
Sui.drv uncollectible charges and reduction
in value of assets
327,130 69
2,095,095 69
Surplus
—
,
Amount
Balance December 3i;i905
$14,612,120 03
a Included in expenses of operation for the first six
The
in 1904.
The profit from operation for the year, after payment of
five per cent (5%) dividend upon the outstanding capital
stock, was $2,113,348 17.
From this sum there was authorized a deduction of $1,500,000 as a special fund for new
$18,252 48
14,593,867 55
December 31 1904
to credit of profit and.loss
months
935
ecjuipment and betterments.
Extraordinary expenditures
of 1904.
Total
t\\f
.^erurities
owned
26
79
69
36
Bond and mortgage
<fe
Syrac\ise
Geneva
Wages and
143,566,811 85
&
Islands
& Corning
2,256,363 36
4,114,847 20
—
$174,900 32
Portland
152.500 00
11 .437 85
483,856 21
04
26,378.927 81
$.59,349 37
25,402 44
675.300 98
1,257,208.55
2,017 ,261 34
——
Fuel and supplies
Securities held in trust for lessor
ProfU and
13
$3,013,594
13,014.589
6,996.747
4,908,727
00
38
00
Special improvement fund
Itemx in suspense.
822,694 38
6,477,370 33
Current assets
Cash charged Treasurer..
Loans and bills receivable
Traffic balances receivable
Sundry collectible accounts
07
10
—
companies
Wallkill Valley Railroad Co...
Carthage A- .Adirondack Railway Co.
Fall Brook Railway Co
Boston & Albany Railroad Co
.Account.') xoith les.ior
Railway Co.
5,;i45.7S3 29
5.924,878
25,074
1,653.125
51.087
4.790
1,751,139
Dividends unclaimed
.
Bonds past due
Sundry accounts payable
.$1,858,483 84
Other companies
$8,968,050 93
2,6.")5,000 00
Loans and bills jjayable.
TrafTic balances jjayable
Interest and rentals accrued
Interest unclaimed
Dividend iiayable .January 16 1906.
$134,850,607 75
8,716,204 10
Putnam Railroad Co
$362,814,845 00
—
Other property —
New York
oa
230,414,845 00
150,000 oa
pai/nble
Total capitalization
Current linhilities
supplies
91
—
Buffalo Thousand
Railroad Co
$132,250,000
.
12.377,038 78
178,846 60
881 .883 73
24,084,906 35
Advnnces other than construction
Presidont.
Gold mortgage bonds
385.000,000 00
Gold bonds. Lake Shore collateral
90,578.400 00
Gold bonds. Michigan Central collateral 19,3:^6.44."> 00
Debentures of 1900
5, 500, 000 00
Debentures of 1904
30,000,000 00
.$3,873,120 22
Real estate, &c., not used in operation
of the road
Hudson River Bridges at Albany
occurred
$132,
E unded debt —
9.')0.066 01
Stock in simdry companies
Bonds of sundry companies
officials
LIABILITIES.
—
624,738
3.335.994
679.626
1,082,767
100.823
in
31 1905.
Capital stock
Capital stock
Consolidation certificates
and equipment-
Pine Creek Railwav
Beech Creek RailroadBeech Creek Exten.sion Railroad
Spuvten Duvvil & Port Morris RR
I'.osion & Albanv Railroad
Other leased Hnes
64
year:
W. H. NEWMAN,
50,536,412 86
<fe
10
92
74
and Mr. Albert H. Harris General Attorney.
On October 1 Mr. Frank E. Herriman was appointed Coal
Traffic Manager.
On December 1 Mr. Charles F. Daly was appointed Passenger Traffic Manage;- and Mr. George H. Daniels was appointed
Manager of the General Advertising Department.
$1 47 ,942 ,834 87
West Shore Railroad
New York it Harlem Railroad
Rome Watertown Ogdensburg RR...
Svracuse Geneva A Corning Railway
25
64
On February 1 Mr. Nathan Guilford was appointed VicePresident, to have charge of all matters piMtaining to traffic
on the lines of this companj^ east of Buffalo.
On April 5 Mr. Ira A. Place was appointed General Counsel
ASSETS.
for leased lines construction
as
$16,400,413 29
The following important changes
during
$198,479,247 73
Adwmces
were
(For details of the above-mentioned e.xpendittn'es see pages. 12. 13
14 and 15 of pamphlet report.)
CONDENSED GENERAL BALANCE SHEET DECEMBER
—
year
the
---
business.
Cost of ro'^d and equipment
Cost of road
Cost of equipment
during
follows:
For additions to property charged to cost of road and
equipment
$2,715,491
For construction and equipment on leased lines to be
chai Ftd in part against funds providt d by lessor companies 8.744.864
For additions and improvements to roadway and structures,
strengthening of bridges, etc. .charged to current income.
1.314.277
For renewals of equipment chargt d to operating expen.ses. 2,853,717
For additional eijuipment charged to current income
218,444
For construction and additional equipment charge d against
special improvement fund
553,617
earnings were $86,095,602 02, an increase of
$7 ..522 ,393 28 over the previou.s j'ear.
The freight earnings were $52,312,331 22, an inerease of
This was due to a hirge increase in tonnage
$5,380,076 92.
hauled, wliich, witli an increase in the average inih^s each
ton was carried, overcame a decrease of four-tenths of one
The decrease in the
mill in the earnings per ton per mile.
average rate per ton per mile is due to the increased propor'-^ion in tonnage of grain, anthracite and bituminous coal,
and other low-cla.ss commodities.
Passenger earnings were $25,761,386 75, an increase of
This was due to the larger volume of both
$1,587,352 85.
long-haul local and commutation traffic.
The earnings from express traffic and the transportation
of mail were $5,580,286 34, an increa.se over the previous
year of $445,819 98.
The expenses of operation were $59,968,028 91, an increase of $5,398,662 96.
Maintenance of way and structures shows an increase of
$496,753 68, chiefly due to large expenditures for repairs and
renewals of bridges.
Maintenance of equipment increased $2,277,249 68, of
which $1,036.01197 represents additional charges for renewals of ecjuipment; the balance of the increase consisting
of heavier charges for repairs due to greater volume of
gros.s
1
companies (per contra).
loss
,222
950 la
1,739 844 16
3,036 813 00
14.61'. 120 03
42
69
85
27.933,659 09
3,306,411 51
3,036.813 00
Ilnns in suspense
Securities acquired from lessor companies (per contra)
$411,822,761 44
$411,822,761 44
CAPITAL STOCK.
N\imber
of shares issued
Consolidation certificates not yet
Total
number
1,322,451
49
converted
of shares out.itanding
|
Total par value issued and outstanding.
Con.solidation certificates outstanding.
,322,500 Total par value outstanding.
1.500.000 Total par value authorized..
$100.00
(808.64 miles). $163,546 20.
of capital 'tock per mile of road
owned
.$132,245,100 oa
4.900 00
.8132.250.000 00
.$150,000,000 00
.1
Nvunber of shares authorized
Par value y)er share
Amount
|
FUNDED DEBT.
iHind.
(;ol(l(l-bentures
amount of funded debt
Amount per mile of road owned
1897
1898
1898
1900
1904
authorized
maturity.
i.-isue.
Gold mortgage
Gold bonds. Lake ."^hore collateral
Gold 1'onds. Michigan Central collateral
T)»-t"i' lure bonds of 1900
.Amount
Dale of
Date of
Cl':.''s (if
.lulv
1
Februarv
February
,Iuly
May
'
1
1
1
1
$100,000,000
100,000,000
2000
1934
5,500,000
50,000,000
21 ,,550,000
Total
(,808.64 miles),
of
i.tsue.
1997
199S
1998
excluding Lake Shore
& Michigan
.4 mount i.fsuedA
Rote of
now oulstandino. interest.
$85,000.000
90,578,400
19,336,445
5. .500, 000
30,000.000
00
00
00
00
00
31-^'*;,
3'ii<~;
Syi^',
3J^'"r
4<;
Paj/able on the first
day
of
.lanuary and .July.
Kebruarv and .\iigu.sl.
Kebruarv and August
,hin>iarv and .lulv.
May and November.
$230,414,845 00
Central collateral bonds and debentures of 1900, $142.2!
1
01*
THE CHRONICLE.
936
Vol. Lxxxii.
I
SUMMARY OF FIRST CHARGES.
lundKl debt
..Rentals 01 l-iis' d lili.s.
Interest, divifi-i'd and rt-ntal of leased
,,-,
Ini
Ta'Cf.s
Use
-
joiiit
f;p
Interest on
Total
•
d
hill")
SS,|i:ia.5o7
-
A. R'y _..
-
-
-
--
intere.st basis
:s and
v
---
&
account of St. L.
line,
-
08
9,508,499 37
I09.ri.jl ia
4,017.746 .5B
...---
-
,..,
pnyiiMc:
109.094
-
.jO
$22,242,502 50
chargt
first
ft:
^^'^'\ ?^
-
-
lb'
DlVTDEiNU.S.
-.81,653,12.5 00
... 1,653.125 00
Ij 1905, \]4% on l,3-'2,500 shares of capital stock
15 1905,114% " l,32:i,500
" l,3i'2,.')00
16H)()5,
"
w'^; '• \ :.'.22.r,ou
i« looi;.
Payable Aiiril
Payable July
Payal)le dctober
Payable Jaiiu n\-
1M%
...'
..-
'
I
...
1,653.125 00
1,653.125 00
S6 .6 12, 500 00
Total
CAR MILEAGE.
FREIGHT CARRIED AND TON MILEAGE.
1904.
1905.
Tons
earning
freight
oi
Tons
company 's
of
Total
,421 ,084
freight .
number of tons car-.-
ried
Tons
37,347,526
6,244,376
42,861,974
revenue
one
carried
43,591,902
49,283,058
-
„,,...„
5,514,448
76,708
1
,
„„,
,
^„
5,691,156
8,421,437,108 7,130,520,337
of company's freight
1,269,096,080 1,129,976,220
carried one mile
Tons
of
carried one mile
tons
9,690.533,188 8,260,496,557
— <w
).
(
504,902,189
459,065,824
+45,836,365
267,216,037
232,131,475
+35.084,562
772,118,226
137,956,383
7,049,419
691,197,299
+80,920,927
+4,843.399
7,821,298
—771,879
917,124,028
Loadf.d freight cars
832,131,581
+84,992.447
3,759.17
3,499.74
+259.43
3,471.49
3,264.98
+206.51
Empty
freight cars (including caboose cars)
Total freight cars
Passenger cars
cars
1.33,112,984
1,290,916,771
^^ ,^ „„^
13 9,119.86
Total car mileage
Miles
number
Total
+)
C
Decrease
1904.
1905.
.
Work
mile
(revenue freight)..-
Increase
increase.
of
trackage
1.430,036,631
DESCRIPTION OF FREIGHT MOVED.
including
road,
operated
in
freight service
Miles of road, including
trackage,
operated in
passenger service
PRODUCTS OF AGRICULTURE.
Increase
1904.
Tons.
1,974,478
899,335
1905.
Tons.
2,5.56,801
Grain
Flour
Other mill products
989,346
936,070
475.550
24,440
130,197
784.711
192.717
Hay
Tobacco
Cotton
Fruit and vegetables
Otherarticles
871,248
490,611
(,
+)
—
Decrease (
Tons.
-1-582,323
-)-90,011
-f 64 ,822
—15,061
19,481
-1-4,959
130,770
923,003
138,409
—138,292
—573
-f-
54,308
PRODUCTS OF ANIMALS.
Livestock
Dressed meats
Other packing house pro-
844.774
333,759
990,488
445,091
—145,714
—111,332
ducts
Poultry,
372,589
93,885
62,847
269,474
72,745
71,907
1 06 ,056
219,642
144,059
79,091
+ 103,115
+ 21,140
4,989,609
10,585,577
670,066
1,094,401
4,562,967
9,130,191
421,845
827,605
+ 426,642
+ 1,455,386
+ 248,221
+ 266,796
1,510,382
271,107
1,089,197
195,468
game and
fish
Wool'.?
.804
244, .538
141
Hides and leather
Milk
Dairy products
204,001
110,222
Otherarticles
—9,060
+ 35,748
+ 24,896
+ 59,942
+ 31,131
PRODUCTS OF MINES.
Anthracite coal
Bituminous coal
Coke
'-
Ores
Stone, sand and other like
articles
Otherarticles
chinery
Bar and sheet metal
Cement, brick and lime...
Agricultural implements..
Wagons, carriat'es, tools, &c.
Wines, hquors and beers.Household goods and furni-
1,089,577
799,122
1,504,897
128,218
138,168
274,590
840,630
632,563
1,089,190
113,886
99,994
232,376
+ 248,947
+ 166,5.59
+ 415,707
+ 14,332
+ 38,174
+ 42,214
117,507
2,780,052
+ 46,141
163,648
3,852,425
.:
ture
Otherarticles
not
commodities
mentioned..
+ 1,072,373
2,460,417
—309,531
42,861,974
Total
37,347,526
+ 5,514,448
PASSENGERS CARRIED AND TICKET MILEAGE.
Local passengers
Commutation passengers-Total number
1904.
1905.
2,835,852
29 .544 ,370
13,126,825
Interline passengers
2,.566,639
27 ,740 .366
12,018,937
of passengers
carried
Passengers carried one mile
1
45,507,047
,463,889.939
1
42,325,942
.369,328,159
Increase (+) or
Decrease ( ).
—
+ 269,213
+ 1,804,004
H 1.107,888
+ 3,181,105
+ 94,561,780
TRAIN MILEAGE.
Freight trains
Passenger trains
20,880.915
Work
19,056,178
+ 1,824,737
22,432,135
977,478
242.648
1,662,344
21,931,203
743,832
194,368
2,625,671
+ 500,932
+ 233,646
+ 48,280
(exclud-
inernail and express trs.)
Maifand express trains
Mixed trahis
trains
46,195,520
Total train mileage
44,551,252
—963.327
+ 1,644,268
----
Total engine mileage--.,
mile per mile of road)of tons
of
revenue-e a r n i n g
per
freight
carried
train mile
Average number of tons
of all freight (including
company's) carried per
train mile
Average number of revenue tons per loaded car
mile
2.577.839
2,360,317
+217,522
399
373
+26
459
432
+27
17
16
+1
-H
+6
Average number
Average number
of
of
Average number
all
19
18
197
191
24
24
empty
13
12
+1
37
-'
36
+1
of freight
cars per train mile
-
PASSENGER RESULTS.
Earnings from passengers$25 .046,848 01 $23,510,370 74
Other pa.ssenger train
earnings
319,802 07
321 ,265 45
Earnings from miscellan342.397 71
eous .sources
394,736 67
Total pa.s.sengerearn's $25,761,386 75 $24,174,033 90
25,183.881
26,153,012
13,742,616
1.761,281
24,118,849
25,435,512
12,072,857
2,688,673
+ 1 ,065 ,032
+ 717,500
+ 1,669,75|9
66,840,790
64,315,891
+ 2.524,899
—927 ,392
+ $1,536,477
27
—1,463 38
+ 52,338
96
+ $1,587,352 85
Earnings from mail and
Earnings per passenger- Earnings per passenger
$5,580,286 34
$0 55
$5,134,466 36
$0 56
cts
express
cts
+ $445,819 98
—SO
01
$112
$108
+0.01
+ $0 04
$1 31
SI .27
+ $0
04
$9.028 31
$8,976 62
+ $51
69
421,689
419,399
5.8
5:8
65
62
32
32
Earningsper train mile-Earnings per train mile
(including mail
and
express
.
1
.73
.
1
.72
Cts.
Earnings per mile of road
operated in iias.senger
service, trackage included (including mail
and express)---.
Density of passenger traffic (i. f ., passengers carried one mile per mile
of road)
.\verage number of passenger cars per train
mile
Average number of passengers i)er train mile-
Average numbpr of mil'^s
one passenger carried.
+ 2,290
+3
EQUIPMENT. INCLUDING EQUIPMENT OF LEASED LINES.
Locomotives
—
1905
338
18
Total locomotives in service
Cost of repairs (excluding renewals)
per engine mile
Cost of fuel per ton
Cost of fuel per engine mile
536
940
307
16
1,022
etc
Average mileage per engine
1904
556
For pas.senger service
For freight service
For switching service
Dummy engines,
ENGINE MILEAGE.
Freight engines
Passenger engines
Switching engines
Work engines--
+$505 72
per mile
2,150,886
previously
S0.04
cts.
—33,515
MISCELLANEOUS.
Other
.045
— — SO. 01
—
$13,410 21
cars per train mile
+ 28.198
+ 220,184
+ 65,598
+ 5,380.076 92
$13,915 93
Average number
+ 88,841
45
+206.363 47
vice, trackage included
Density of freight traffic
(/. e., tons carried one
+ 361,043
378.961
471,499
74.572
456,247
159,690
+ §5,173.713
495,429 84
Total freight earnings_S52,312, 331 22 $46,932,254 30 S
$124
SI 20
cts. 0.6.58
cts. 0.613
$2.45
S2.44
—497,049
467,802
437,984
102.770
676,431
225,288
91 .S46.436,S24 46
701,793 31
Earnings per ton
Earnings i)er ton per mile
Earnings per train mile-.
Earnings per mile of road
operated in freight ser-
661,540
MANUFACTURES.
Petroleum and other oils..
Sugar
Navalstores
Iron: pig and bloom
Iron and steel rails
Other castings and ma-
.?51, 610.537
tation
Earnings from miscellaneous sources
2,705,241
2,208,192
1,022,583
Otherarticles
Earnings from transpor-
tons per loaded car mile
.\verage number of miles
one ton carried
Average number of loaded cars per train mile-
+ 42i,185
+ 75,639
PRODUCTS OF FOREST.
Lumber
FREIGHT RESULTS.
or
).
1,934
34,561 miles
cts.
5.945
1,799
35,751 miles
cts.
$153
cts.
8.927
cts.
5.768
$1,59
8.680
Apr. 21
THE CHRONICLE.
1906.
[
r
Citrs in Passenger Service
Passenger coaches
—
192
201
and excursion
88
cars
23
^19
Dining cars
Buffet and cafe cars
Mail express and Ijaggage cars
484
17
1'9
170
2,163
2,158
-on -1
63,^80 miles
61 ,683 miles
and pay cars
Other cars in passenger service
Totals.-
17
o02
,
Officers'
1904
957
190
199
100
23
'^^'^nA
942
SmokirifT cars
Coiiihination cars
Imniifriaiit
--
18
_^
Total seating capacity of revenue passenger cars
Average mileage per passenger car
Cost of repairs (excluding renewals)
per passenger car mile
Curs in Freight Service
Box cars
Flat cars common
Flat cars .steel
cts.
—
91,514
0.967
cts.
37,429
3,<78
256
,
Stockcars
Coal and coke cars
Refrigerator and produce cars
Caboose cars
0.860
37,281
3,919
258
1,179
19,035
895
763
o '???
21 ,lol
895
812
65,410
63,330
2,000,017 tons
30 .96 tons
11 ,804 miles
1,859,257 tons
29.72 tons
10,914 miles
0.448
cts. 0.408
767
45
711
44
19
1,608
18
755
1,027
3,098
2,555
2
18
18
Totals
Total capacity of freight cars
Average capacity of freight cars
Average mileage of freight cars
Cost of repairs (excluding renewals)
per freight car mile
Cars in Company's Service
—
cts.
Ballast cars
Derrick, cars
Steam wrecking cranes
Cinder, push, gas and oil transport.cars
659
Other road cars
Totals
Marine Department
937
^^
—
TugsWood
Steel
Wood
4
2
10
---
Steam
hoisting barges
Total capacity
hoisting barges
Total capacity
Covered barges
Total capacity
4,100 tons
17
2,900 tons
78
19,600 tons
Hand
-
Open-deck scows
4,100
2,700
19,100
5
2,750 tons
39
20,120 tons
41
Total capacity
Grain boats
Total capacity
Car floats
Total capacity
Ferryboats
Side wheel single deck
Screw, double deck
488 cars
2,750
4
2
10
tons
16
tons
76
tons
5
tons
40
20,600 tons
39
461 cars
2
223
219
81,995,593.29
81,995,593.29
—
—
Total floating equipment
Total value of fleet
—
Louis National Stock Yards. Bonds Offered Status.
& Co., Boston, in offering a block of the
first mortgage 4% gold bonds, dated July 1 1900 and dua
July 1 1930, describe the property as stated in V. 73, p.
1211 and adds:
St.
—
underwriting syndicate. This sale is made subject to the
right of the present shareholders to subscribe on or before
April 30 at the Beacon Trust Co., Boston, on the same
terms to the extent of one share for each four of their respectSubscriptions, in full at par, must be paid
ive holdings.
on or before May 31, and the commission of $5 per .'ihare
and the new certificates will be delivered together. A circular, dated April 11, says:
The company has installed 19 bells (sound producing apparatus)
on the coast, at various important danger points from the .St. Lawrence
River to the mouth of the Delaware Klver, four bells on the German
The
coast, two on the English coast and one on the French coast.
submarine signal is now in practical use on many of the large trans-Atlantic steamships, under contracts with the North German Lloyd,
Hamburg American, White Star, Cunard and French lines; on several
steamships of the Metropolitan Line and of the Canadian Government.
The Shipping Federation of Montreal, which represents 88 steamers
has recommended to their owners the installation of our apparatus.
The Canadian Government has recently ordered 30 acetylene gas buoys
for immediate installation, with the understanding that they shall
The Bm-eau of
l)e provided with receptacles for our submarine bells.
Equipment of the LTnited States Navy has reported to tlie Secretary
of the Navy that the tests made warrant the bureau in stating that the
apparatus is entirely satisfactory, and that they will proceed to install
naval vessels with our receiving apparatus "as fast as the funds of thel
bureau permit."
The directors have recently elected as Chairman of the
Board, in charge of the commercial side of the business,
Henrv L. Higginson
Charles Moore, of Detroit, Mich.
is President.— V. 81. p. 781.
Lee, Higginson
Capital stock, $4,000,000, on which dividends of 6% have been paid
Bonds, authorized issue, $2,500,000, all outstandThe
ing.
Total estimated value of property covered .$6,500,000.
net earnings from 1896 to 1900 averaged over $265,000 per year, and
since then have been 1900, $304,319; 1901, .?346,446; 1902, .$405,309
Interest on the
1903, $406,300: 1904, .$520,995: 1 905, $.531,230.
entire issue of bonds amounts to onlv $100,000 per annum.
V. 80.
p. 2348.
for the last 15 years.
—
Southern New England (Bell) Telephone Co. Earnings.
For the three months ending Feb. 28 1906: Gross earnings,
$405,399; gro.ss expenses, $327,123; net earnings, $78,276;
quarterly dividend, 1J^%, April 14 1906, $75,000; balance,
.surplus for the three months, $3,276.— V. 82, p. 284.
—
Union Gas & Electric Co. of Delaware. Status of ConCompany. See South Shore Gas & Electric Co.
above.— V. 81, p. 1379.
—
trolled
—
United States Printing Co. Property Transferred Under
On April 2 this company's property was formally
taken over by the United States Printing Co. of New Jersey
under the 99-year lease as proposed in V. 82, p. 105, 339.
Lease.
—
Union Bag & Paper Co.
pronounced correct:
5
,
—
—
2
Freight propellers
Steel
—
Submarine Signal Co., Boston. New Stock Option to
The shareholders at a meeting held
Status.
in Maine on April 10, having voted to increase the authorized capital stock from $1,000,000 to $2,000,000, the directors have contracted to sell $250,000 of the new shares at
par ($25 each), less a commission of $5 per share, to an
Subscribe
—Purchase. — The
following
is
The company has purchased for about $1,000,000 the capital stock of
the Gres Falls Co., owning some 1,200 square miles of timber situated on
the St. Maurice River, in Quebec, with large mills and water powers and
transportation facilities.
The purchase price wiU be met by the sale of
a block of the bonds authorized last year.
This purchase, together with
one made last year, and the timber rights previously owned, in all some
2.500 square niiles, will provide enough timber for "an indefinite period.
The lumber business acquired in connection with these purchases, it is expected, will prove a valuable source of revenue. The continued advance
in the cost of wood rendered these acquisitions necessarv.
V. 82, p. 872,
865.
—
—
Utah Copper Co.— Bonds Called. The $750,000 first mortgage 20-year 7% bonds dated July 1 1904 have been called
for redemption on July 1 1906 at 105 and interest at the
office of the Colorado Title & Trust Co., Colorado Springs,
Col., or at the Morton Tru.st Co., New York.— V. 81, p. 1318,
851.
—
—
S. F. Johnson & Co., a New York Stock Exchange
South Shore Gas & Electric Co., Hammond, Ind. Bonds Hou.se at 18 Wall St., have dissolved partnership. Jas
S. K. Martin & Co., First National Bank Building,
Offered.
Lorimer Graham, connected with the firm for the past 30
Chicago, are offering for sale a block of this company's gen- years, has formed the firm of Graham, Taylor & Co., who
eral mortgage 5% gold bonds, dated Dec. 1 1903 and duo will continue at the same location, doing a general stock and
Dec. 1 1933, but redeemable at 105 and int. on Dec. 1 1908 commission business.
Besides Mr Graham the firm conor any interest date thereafter.
Interest payable June 1 sists of Henry F. Taylor, who is the Board member, and
and Dec. 1 at Central Trust Co. of Illinois, Chicago, trustee. William Sharp Lcggett, who has been cashier for S. F.
A circular says in substance:
Johnson & Co. during the past 17 years. They wull also
have a branch office at Troy, N. Y., with Walter R. Bush
Tlie total authorized issue of tliese lionds is $2,000,000, but none can
be issued in addition to the present $7ii7,000, except to the extent of 90'"(
as manager.
of the amount actually expended in acquiring additional jiroperty, in
The style of the Chicago corporation of F. B. Sherman &
extensions, betterments, &c.
These bonds are a first mortgage on the
entire property owned or hereafter acriuired, except for $:i00,000 Ham- Co., dealers in municipal and public service corporation
mond Illuminating Co. (V. 78, p. 1277: V. 77, p. 1749), and .$30,000 bonds, has been changed to Shermait, Hitchcock & Co., with
Whiting RIectric Co., to retire which at maturity $330,000 of the present
Frank B. Sherman as President and Fremont B. Hitchcock
is.'sup is held !)y the tntstee.
Operates under favorable franchi.ses, which run from 30 to 50 years, as Secretary and Treasurer.
They have taken new and
and has the entire ligliting and power buslntss, both gas and electric, more commodious offices at 206 La Salle St.
including street lipliting, in WIiitin<j:, llaniniond and Kobertsdale, and
all of the sas business in East Cbieai:o and Indiana Harl)or. a total
Lee, Higginson & Co. of Boston have issued an inter-
—
—
—
—
I)opulation of 40,000.
This j)oi)ulati()n is steadily increasins.', and even
now the district can be classed as tiie leading industrial snhmi) of the
city of Chicago, from which it is distant only 22 miles.
Gas Saks
(cubic feet)
1905.
1904.
1903.
1902.
05,007.800
48,349,000
31,470,000
14,500,000
Gas Department
Electrical Department
Arc
Flat Street
II. P.
M'lrrs. Rnnqcs. Lamps. Meters. Rale. Arcs.
Motors.
Nov. 11902.
420
0000
000
000
162
145
156
190.5-06
1868
2825
.588
795
28
233
1831^
Total net earnings for .six months ending .Jan. 31 1906, $33,788. l)eing
at the rate of 867,500 per annum, or nearly tv.ico the interest on the
bonds outstanding.
.
The company is operated and
known Union Gas <t Electric Co.
controlled
of
by the
well-
Delaware (V. 81, p.
1379), which operates gas and electric lighting plants in
oiti-.'s.— V. 78, p. 1396, 1279.
numerous other
4%
esting letter regarding the 50-year
convertible gold
l)onds of the Atchison Topeka & Santa Fe Railway Co.,
wliich seem to the firm "attractive, both from an investment
and speculative standpoint."
— "Cincinnati
Securities," a pamphlet giving financial
of concerns traded in in the Cincinnati market
and published by the Finance Publisiiing Co., is l^eing distributed by Claude Ashbrook. 407 Walnut Street, Cincinnati,
statistics
Ohio.
—
The April circular just issued of Pfaelzer & Co. describes
a large number of bond i.ssues whicli the house offers at
prices to net from four to five per cent.
—
St.,
J. M. Fiske
have moved
&
to
Co.. stock brokers, formerly nt 20 Broad
new offices in the 42 Bioadway'Building.
^Mr, Wolff, dealer in bonds, has removed his office from
35 Nassau St, to Lords Court Building, 27 William St.
THE CHRONICLE.
938
[Vol. lxxxii.
COTTON.
Friday .Wight, April 20 1906.
IHi: .MOVK.MK.N'T OF THE CROP as indicated by our
For
telegrams from the South to-night is given below.
the week ending tiiis evening the total receipts have reached
Friday Xii/lil, April 20 1906.
100,788 bales, against 101,601 bales last week and 109,253
Of coxinse the oversluidowing event of the week is the bales the previous week, making the total receipts since
the 1st of September 1905 6,957,386 bales, again.st 8,214,482
overwhelming disaster at San Francisco, one of the mo.st bales for the .same jKiiod of 1904-05, showing a decraase
noteworthy of its kind in liist(»ry, and Avhicli has had a cer- since Sept, 1 1905 of 1,257,096 bales.
tain mural effect on trade generally, although it can hardly
Tues.
Wed.
Fri.
Total.
Thurs.
Receipts at
Mon.
Sat.
be said to have had any directly injurious influence except
COMMERCIAL EPITOME.
—
at the Stock Exchange,
Aside from this the situation contrade being active, prices well
sustained, and the feeling hopeful, although the developments
in California will naturally be watched with intense interest.
Lard on the spot has been dull but prices have remained
firm, owing to the continued smallne.ss of supplies and the
Light sales have
strong market for futures at the West.
Galveston
Pt. Arthur, Ac.
New Orleans..
been made of
Norfolk
tinues
favorable, general
late at S.87J^c. for
Western and 8.70c. for City.
Small
Refined lard has been firm, with the trading quiet.
sales of refined to the Continent have recently been made at
9.35c., South America at 9.75c. and Brazil in kegs at 10.75c.
The speculation in lard futures at the West has been active
with frequent fluctuations in prices, due to realizing sales,
on the one hand, and bull support, a strong live-hog market
and buying by packers on the other. On the whole the tone
of the market has been firm, owing to light receipts of hogs
and a strong market at the stock yards.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
n'ed.
Mon
Tiies.
Thvrs.
Fri.
Snt.
May
8.65
July delivery..-_.-8.80
September delivery 8.92
delivery
8.77 J^
8.90
9.02 "^
8.75
8.90
9.00
8.70
8.85
8.95
8.70
8.82H
8.95
8.60
8.75
8.873^
Pork on the spot has ruled firm. The light supplies, the
strong market for live hogs and the firmness of futures at
the West have sustained prices in spite of the sluggishness
Mess is quoted at $17 50@$17 75, clears
of the demand.
Cut meats have
$16 50@$17 75 and family $18@$18 50.
been firm with the buying quiet and only to supply immediate
needs; pickled shoulders are quoted at 8c.; pickled hams
ll@lli^c., and pickled bellies, 14@10 lbs., 10@llc.
Beef has ruled steady with a fair jobbing demand at times;
family,
mess $8 50@$9, flank $8 621^, packet $10 50;
S12@$12 .50 and extra India mess $16 50@.$17. Tallow
has been dull but firmer with City quoted at 5i^@5J4c.
Stearines have advanced on very light offerings and a fair
demand; Oleo 10c. and lard 10@i0}4c- Cottonseed oil has
advanced owing to higher foreign markets and some demand
here for export; prime summer yellow 40c. and prime summer white 40c. Butter has been in fair demand and firm;
Western extras, 21@21i/^c.
Cheese has been fairly active
and steady; State factory 1434c. Eggs have been firmer
,
Western firsts 18c.
sugar has been dull and lower, due
on lighter
offerings;
I'
to realizing by
Raw
'speculators; centrifugal .96-degrees test, 3.40c. .muscovado, 89degrees test, 2.92c.. and molasses, 89-degrees test, 2 21-32@
2 23-32c.
Refined has been dull and lower; granulated 4.45
•
Spices have been firm with a good demand from
interior dealers.
Tea has been firm and fairly active.
Refin' d petroleum has been fairly active and steady; bbls.
7.60c., <;ises 10.30c. and bulk 4.70c.
Naphtha has been
steady and fairly active at 12c. for 71 degrees in 100-gallon
drums. .Spirits of turpentine has been easier at 683/2 69c.
Rosin has been firmer at $4 00 for common to good strained.
Wool has been dull and steady. 'Hops have been quiet and
@4.50c.
@
unchanged.
Brazil grades of coffee have been dull but firmer, owing to
in futures; Rio No. 7, 83^c., and Santos No. 4,
some advance
6.166
7,950
4.220
3,574
6,777
316
316
4,641
4,568
5.547
7.56,3
2.813
487
28.806
2,452
2,266
20,238
988
988
804
280
464
608
374
4.161
1,994
2.662
5.476
3.924
3,916
178
33
373
33
87
181
497
400
362
265
210
1.915
2,003
1.552
,052
1.117
933
1.203
198
107
Mol.iU'
Pensacola, &c.
Savaiuiah
Brun.swick
Charleston
3,674
239
125
14
134
4
7.860
198
344
165
975
.
GcoiKct'n,
4,461
Wilmington _.
Washingt'n,&c
N'pon .v., &c.
New York
Boston
Baltimore
1
Philadelphia..
11
16,084
16.131
51
34
21.540
1
Galveston
Pt..\rthur. &cNew Orleans..
Mobile
&c.
Pen.sacola.
Since Sep
1 1905.
This
week
Savannah
Brunswick
Charleston
Georget'n, &c.
Wilmington
Washington.&c
Norfolk
N'port N., &e.
New York
Boston
Baltimore.....
Philadelphia ..
30,924 2,357,834
316
143,951
28,806 1,453,622
2,452
212,706
4,461
149,327
20,238 1,310,106
988
165,221
804
160,852
1,122
1,915
290,955
564.644
19,502
7,860
198
344
165
975
342
5,181
55,362
59,396
7,605
May
June
July
-
6.90c. December
7.00c. January
7,10c. February
7.20c. March
Kentucky tobacco has ruled steady with trading quiet,
due partly to the smallness of stocks. Domestic cigar leaf
continues quiet and without change in quotations.
New
Sumatra continues firm but the demand has been quiet, there
being a disposition to hold off for lower prices.
Havana
has been dull and steady.
Copper has been quiet and steady; Lake 183/^@185^c.;
electrolytic 18^c, and casting 18@18i4c.
Lead has been in
fair demand and firmer at 5.45@5.453^c,
Spelter has been
dull and steady at 6.05@6.10c.
Tin has been more active
and stronger with Straits quoted at 38.95c. Iron has been
quiet with No, 1 Northern steady at $18 50@$19 25 and
No. 2 Southern easier at $17 50@$18.
still
Since Sep
1 1904.
This
week.
48,186 2,367,208
1,327
201 ,023
43 ,706 2,305,120
6,402
275,456
1,931
165,583
31,258 1,475,040
428
167,038
1,840
197,181
897
312,467
5.743
122
587,772
16,917
361
11,407
50
23,029
1,461
68,077
1,870
45,714
248
11,348
1906.
1905.
136,059
220,269
223,821
23,963
226,976
34,779
'65,761
55,289
2,350
13,136
5,394
14.901
10.284
13,220
33.994
7.331
5,082
3,607
37,929
205
77,320
3,095
7,323
2,539
683,616
694.430
1
'53
.479
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons:
we
1906.
Receipts at
Galv'n, &c
N. Orleans.
31 ,240
N'p't N.,&c
All others. _
28,806
2,452
20,238
804
1,915
7,860
198
7,275
wk
100,788
Moliile
.
.
Savannah
_
Ch'ston, &c
Wilm'n, Ac
Norfolk ._.
Tot. this
Since Sep.
1904.
1905.
1903.
1902.
29,621
26,509
16,455
23,381
,564
395
9,014
558
16,917
361
5,988
12,145
21.027
128
8,583
492
34
3,500
168
9,338
5,613
523
8,905
7,165
748
1,626
2,744
218
5,855
161,728
55,415
82,785
1901.
58,537
49,513
43,706
6,402
31,258
1
,840
5,74:?
)
478
23.199
22,432
372
12,090
655
761
4,945
7,756
72.220
6,957,386 8,214,482 6,826.575 7,231,434 7,073.300 6,758,983
1
The exports for the week ending this evening reach
a total of 112,875 bales, of which 47,380 were to Great
Britain, 2,933 to France, and 62.562 to the rest of the
Below are the exports for the week and since
Continent.
Sept. 1 1905.
1906.
From
Sept.
Great
:
Total.
1 1905 to .-Vpril 20 1906.
Exported to
7,803
18.264
947.887^273,749
630,024177,286
46,024* 31,995
46,8751
65,9961 32,793
171,007 61,4621
90,251
5,500
Charleston
WilmiuKton
1
5,225
9,000
125,7211
Norfolk
8,816
Newport News
New York
"975
Boston
Baltimore
1,205
1,996
Philadelphia ..
Portland, Me .
San Francisco.
"267
Continent.
,
Britain. iFrance.
47^635
4,188
4.188
100
4.486
18.207 26.010
'4,386
Savannah
Brunswick
7.30c.
7.40c.
7.50c.
7.55c.
Stock.
100,788 6.957,386 161.728 8,214',482
Total
.
6.60c. Augii.st
6.65c. September
6.75c. October
6.85c. November
342
16,591 100,788
1904-05.
1905-06.
Receipts to
April 20.
.
April
50
12,801
total receipts, the total
1905, and the stock to-night, compared with
Mobile
Pensacola
closing prices were as follows:
975
197
The following shows the week's
since Sept.
last year:
West India growths have been quiet and steady;
Week ending April 20
Cucuta 9i4@'9Mc.; good average Bogota 11@
Exported to
Exports
speculation in the market for contracts has been
Great
Contifrom
Britain. Fr'nce nent.
and prices have advanced, owing to a lessened
pressure of liquidation, covering of shorts, buying for long Galveston
16,815
1,449
account, unfavorable crop reports from Brazil and a reduc- Pt Arthur, &c
New Orleans
l'4",266 2'.666 30", 769
The
61
12
17.631
50
Total this week
1
S%^SJ/sc.
good
The
11 3^c.
more active
,
100
(fee.
fair to
tion in crop estimates.
30,924
2,237
4,484
494
100
'4",736
1.951
3.947
"3".
1..305
151,605, 20.011,
125,936,
71,0031 12.099
33,601
""'50
—56
;
Total.
!
624,27o|l.845,908
65,6181 112,493
383.9.371.191,247
28,261| 106.280
46,982i 145,771
581,342!
37,227]
4,4001
145,991:
2,550i
225.
194.5111
8,04&
36.0021
2,500:
9171
i
813, SH
127,478
9,900
276,937
20,366
4,709
366,127
133,982
119,104
36,101
917
33,03ft
Tacoma
'2",254
2'254
Total
Total 1904-05-
46,619
11,611
3,371
2.979
11,611
3,371
Portland, Ore.
Pembina
33,0:39
46,6ia
Seattle
!
2.979*
47,380 2,933 62.562112.875 2,525,647 623,620|2.259,481 5,408,748
89,754
330 31.455121.539 3,118,816680,001 2,960, 494j6.759,311
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at the ports named.
New
York.
Ape.
THE CHRONICLE.
21 1906.
On Shipboard, Not
Britain. France
at
New
1,666
500
300
Tola) 1906
Total 1905
Total 1904
.39,929
16,898
1,266
1,600
1,S00
74,702
25,599
15,486
30,945
2,307
900
58,542
53 ,902
12,460
33,650
26,461
9,200
and New Orleans, if not in New York. But on Wednesday
the market felt the effects of the San Francisco new.s, although it was not at that time known how great the calamity
was, and also of fa\'orable weather and many veiy cheerful
crop reports, as well as a good deal of liquidation, not only
Thursday withere but also at the South and in Liverpool.
nessed a further decline as the magnitude of the calamity at
San Franci.sco became more and more apparent and the stock
market showed increasing depression. It began to be
feared, too, that the event might have a direct effect upon
the cotton trade, through possible stringency of monej' or
in some other wa}^ and the disposition was verj^ plainly to
liquidate long accounts on both sides of the water.
Alexandria, Egypt, operators were said to be selling heavily in
Liverpool, and to all appearance New York bulls in and out
of Wall Street were selling both here and in New Orleans.
Meantime the weather continued favorable at the South,
and there was considerable closing out of May contracts with
the approach of notice da3^ which will be Friday. April 27.
To-day the fluctuations were within moderate limits, but
leaned at first to lower prices under the continued influence
both at home and abroad of the San Francisco disaster,
favorable weather and renewed liquidation here by Southern
and Wall Street houses, while some of the leading spot interests were said to be selling July.
But later, on reports of
rains in Texas, steadier stock markets in New York and
London and considerable buying of the May option here,
the markets uddenly turned, recovered all the early decline,
and ended at a moderate advance for the day. The spot
business in Liverpool was again large.
Spot cotton during
the week has been quiet and more or less depressed, closing
at 11.7,'ic. for middling uplands.
On Ihe basis of the Vates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
UPLANDS.
Tues.
Low
Middling
Middling
Good Middling
Middling Fair
H
GULF.
O
Middling
D
A
Y
A
V
STAINED.
Low Middling
Strict
I
D
Middling
Middling
Good Middling
Middling Fair
O
L
I
Low
11.70
12.14
12.66
11.10
11.72
12.10
12.54
13.06
11.95
12.39
12.91
11.00
11.62
12.00
12.44
12.96
10.20
11.20
11.36
11.70
10.25
11.25
11.41
11.75
13.11
10.40
11.40
11.56
11.90
.
Low
10.70
1 1
.32
Frl.
10.75
11.37
11.75
12.19
12.71
H
L
Good Ordinary
Thurs.
10.85
11.47
11.85
12.29
12.81
11.15
11.77
12.15
12.59
Mon.
Wed.
10.90
11.52
11.90
12.34
12.86
Sat.
Mid. Tinged
Good MiddlingTinged.
10.35
11.35
11.51
11.85
10.95
1 1
.57
The quotations for middling upland at New York on
April 20 for each of the past 32 years have been as follows:
1906.C -11.75
1905.
7.85
14.15
1904
1903.
10.35
1902
9 7-16
1901.
8H
1900.
9 13-16
1899. - 6M
.
.
.
189S.C
1897
1896
18951894
1893.
1892.
1891.
_
6 7-16
7 5-16
7 15-16
.
-
-
/
7 9-16
7 15-16
7H
SV»
1890
13-16
10 5-16
1!
(
1H,89
1888
1885
1884
1 883
MARKET AND
9^4
.10?^
--
1887.
1886.
.
9H
11
11
1.5-16
10!^
-
m £
B
£
3'«
z
S
VI
•
-gjs'c
og.c« 3
S
ffi."
^a
^'^
1.882 r -12
1881
.
1880
18791878
1877
1876.
1875.
'4'
-lOh
.12
-11 13-16
-lOM
.13M
.16H
SALES.
\Sale.s of
Spot and Contract.
ga-l-gssi
9:
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9="|
zr.
5'^
09!*T oeJ
cn 3
5'^
9=
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5.
1
1
THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks, as
as follows.
well as the afloat, are this week's returns, and consequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday), we add the item of exports from the United States,
including in it the exports of Friday only.
up by cable and telegraph,
April 20—
Stock at Liverpool
Stock at London
Stock at Manchester
is
1905.
1904.
1903.
70,000
796,000
12,000
49,000
574,000
10,000
56,000
746,000
12,000
62.000
Total Great Britain stock. ..1,143,000
Stock at Hamburg
10,000
Stock at Bremen
206,000
857,000
10,000
335,000
820,000
12,000
329,000
4,000
221,000
3,000
46.000
38,000
9,000
61,2,000
Stock
Stock
Stock
Stock
Stock
Stock
at
at
1906.
bales. 1,063,000
10,000
l
175,000
4,000
9,000
43,000
7,000
at Barcelona
at Genoa
at Trieste
Total-Continental stocks
1,000
140,000
3,000
29,000
50,000
4,000
640,000
13,000
326,000
4,000
213,000
3,000
25,000
25,000
5,000
454,000
Antwerp
Havre
at Marseilles
572,000
614,000
Total European stocks
I ,.597,000
India cotton afloat for Euroiie. 140,000
Amer. cotton afloai for Europe 319,782
Egvpt, Brazil, &c..af1t. for E'pe
42,000
Stock in Alexandria, Egvpt.-- 144,000
Stock in Bombav, India
1,048,000
Stock in U. S. ports
683,616
Stock in U. S. interior towns-. 422,499
4,115
U. S. exports ot-day
Total visible supply
4,401,012 4,169,273 2,972,646 3,346,640
Of the above totals of American and other descriptions arc as follows:
Amerinin
—
Liverpool .stock
Manchester stock ..
(Continental stock
Aniericaii afloat for
bales.
.
Europe
U. S. port stock
U. S. interior .stocks
U. S. exports to-day...
Total AmericanEn.<<t Indian, Brazil,
Liveriwol stock
d-r.
-.
947,000
60,000
402,000
319,782
68.-?, 616
422,499
4,115
116,000
10,000
Manchester stock
10,000
Continental .stock
52,000
India afloat for Europe
140,000
42,000
Egvpt, Brazil, &(., afloat- ...
Stock in Alexandria, Egvpt... 144,000
Stock in Bombav, India"
1,048,000
London
.stock
Total East India,
Total Anu'rican
719,000
41,000
,'".35,000
420,000
694,430
523,678
3,165
4ra,000
46,000
556.000
1V3,000
428,064
225,575
24,007
656,000
51.000
f.l't.OOO
232,000
390,905
184,203
5,532
2,839,012 2,936,273 1,921,646 2,138,640
—
.
-11 .5-16
York:
i
514,037
481,213
372,622
Speculation in cotton for future delivery has been far from
active, being for the most part confined to professional
traders, and prices, largely under the influence of the great
calamity at San Francisco and the accompanying depression
They advanced modin the stock market, have declined.
erately on Tuesday on the resumption of business after the
Easter holidays, the rise being due to an advance in Liveipool. the continued firmness of the spot markets and more
or less bullish manipulation, as it appeared, in both Liverjiool
Good Ordinary
1:3
150.879
28,298
21,972
27,207
5,876
New
low and closing pr ices at
56,921
14,401
10,599
17.096
7,760
"500
g n w g
S-
m 3
169,549
66,294
_
New York_Other ports.
stock.'
11200
34,220
4,304
.
Savannah
Charleston
Mobile
Norfolk
11,123
1,650
1,713
,
'^?r>to^?^^«>«-H&^
g^s
ofScJotoSotdSoaSgwr
gtosgsi^
Leaving
Total.
347
2 727
13,762
7,988
19,470
5,867
Orleans
Galveston
FUTURES.— High
Cleared for-
CnaMOther
Fore ign ivise.
Gerviany.
Grent
April 20
939
77,000
12,000
8,000
37,000
109,000
30,000
201,000
759,000
105.000
10,000
10,000
90,000
12.000
11,000
.58,000
43.000
167,000
244.000
35,000
203,000
386,000
.57,000
97,000
731.000
1,562,000 1,2:^3,000 1,051,000 1,208,000
2,839,012 2,936,273 1.921,646 2,138,640
itc
Spot Market
Closed.
Con-
Con-
[Erport sum' n. tract.
Total.
Total visible suppl.v
4,401,012 4,169,273 2,972,646 3.346,640
5.44(1
7.90.1.
4.17(1.
6.04d.
Middling I'pland, Liverpool
l.OOc.
I0..50r
7.80c.
11.7.5c.
Middling Upland. New York
9^1(1
!>'4ll.
7iid.
ll>^d.
Egypt, Good Brown, Liverpool
10.,")0(1.
8.40(1
lO.OOd.
8.7,5d.
Peruv. Hough Good, Lixerpool
5.1
4 'id.
74<L
Broach, Fine, Liverpool
5 11-16(1.
5(1
7d.
4 5-16(1.
TinTievellv, Good, Liverpool
5J^d.
Continental imports past week have been 10.5,000 bales.
The above figures for 1906 show a decrea.se from last week
of 99,767 bales, a gain of 231.739 bales over 190.5 and
.
HOLI DAY.
HOLI DAY.
Saturday..
Monday
Tuesday
..
Quiet lOpts. adv. Firm
5 pts. dec. Steady
Quiet 15 i)ts. dec. Barely steady
Quiet 5 pts. adv. Steady.
100
100
Wednesday Quiet
Thursday
Friday
Total
.
109
150
200
309
1.59
an excess of 1,428,366 bales over 1904.
1
THE CHRONICLE.
910
AT THE INTERIOR TOWNS the movoment— that is.
the
and
since Sept. 1, the shipments for
tlie week and tlie stocks to-night, and the same items for
tlie corresponding period for the previous year
is set <jut
in detail below.
receipts fof
tlie
weelc
—
[Vol. lxxxii.
QUOTATIONS FOR MIDDLINCi COTTON AT OTHER
MARKETS. — Below are the closing (juotations of middling
cotton at Southern and other ])rincipal cotton markets for
each day of the week:
Closing Quotations for
M iddling Cotton on—
Week ending
Motiday.' Tuesday. Wed' day. Thursd'y.
Safday.
April 20.
IIH
U*A
ill 3-16
UH
11 7-16
UH
11 3-16
11 5-16
11 3-16
U
\ny»
113^
IIJ^
11
IIH
Galveston
New Orleans.
Mobile
111
Savannah
Charleston
^rri^
:;/?-^23:
<5 O 3-3 E
"O
m
iri
Car
Car
,
1
1
'
1
'
.
s' sp. p
.
.
1
1
'
;
,11^
,12.15
*
1
,
,
:;;;;§;:;
!
!
!
1
1
IIH
IIM
11^
1
11 7-16
OSCOI—
1—
01 en to as
oi'—I'-^'.^it'—
CO to io
C
I
I
030>—
1
Ct— OOOtOtO^-COf^tOCitOtOlnOitO — CTOCsC*^00>^iO(C-,OWtDtOtO
V—
coVjlo"— bi'ib-to"—
*4'-a0OC;<O*'CJiit»»>t^*'rf^OUCt0CTi00C:0Jai—'in*'CO^tOH-C;i*.tD —
•-^-•aooo<o*'"m"it''»'>t^*''rf^o'ucto CTiOo"c:Oj"ai"—'in
—
"- "
—
CDCOO(0^-'^^*^h^'T^iff^f~'to:oCjj.^cotOil*rT^*vi--*^-^
I—
00
to
toi-
*.">;>.
I-"
3-16
IIH
ni4
11.70
UH
12.00
11^
11.95
11 7-16
11 3-16
11 7-16
11 5-16
WVi
iWi
11 5-16
ll»/g
10%
11
Nashville
Raleigh
11?^
Shreveport ,..11 7-16
.11
11
Ji
NEW ORLEANS OPTION MARKET.— The
highest,
closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
a-.
O!
lowest
a>oo'^lOOl^l»^>;^^oc;'OC;^tooo^30"o^^t^ot^cn^o--lmfeooJa^;^^Olt^a^
-*.
Montgomery
Columbus, Ga..ll
Columbus, Miss. 101/2
it'tn^OStCOOtOCDOitOOitO
>-'0'K-'M>-'tOC;>a>4^3>0)*-&50
DOi-"
ni4
11>^
11.85
11 7-16
11 7-16
11
lOJ^
..
11 5-16
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Louisville
Natchez
Atlanta
11?^
11^
tO'-'W
-"— — CO - 01 1035 "to "cc it^-^
i(i-joito:;>-4*^^*- — oe-vjoiicwcio — ^^05-40«oaiO'»ji;k'— c;>c<t)>-io
CSO-^OOOOlOCOH-WiCOOtO'— >t»ife000 03WOi05tOOCnCn)— O"— OOODit»H-i;^
'
Rock
n}4
UH
IIH
IIM
St. Louis
Memphis
!
1
1
i
-400W
I
.
Augusta
1(11
Little
V
4^
day.
Houston
^*
.
.
HoU-
Plhladelphia
P
73
ssee
n^
n%
11.90
UH
12.10
Partial ill>i
Holi- illj^
'11.80
dav.
Hiiltimore
73
f>
.
Norfolk
Boston
i^
:
:
7-16
IIIM
Wilmington.,
-;
t>
J.f-1
il=5i:::
>
Cl
Friday.
and
-I-'
1
^"—tnCOi
ooCTstotOi
COife-OM
i*.O'-^i-'C0>fe.0i-^00Mit^5D*>*^0it0CO0J0:tO*'>*'t0^O^Cnt0
towcoojootooo3:0!0*.o^-a2toooievoo>-coooicRC500o>
AOCTUj^ife->-3:00^roO0:t0^>-'O — O -J^^'— CTOOJi^-^
Sat' day. Monday, Tuesday, Wed' day. Thursd'y,\ Friday,
.April 14. April 16. April 17. April 18. April 19. April 20.
i
May—
Range
inotouoto*.!— oooitoo
->— ~jMOOtDts5COOiCOi-'0;0;OiOJQOOOMCO-a03>f>-OWOOO>^C05D-qo>^
to to to 01 1^ 00 OiQCO^i^OOCO-JOsOJOO'— MOi Oi — -vl "-towtncoiototo*^
tOOOCntO'— tOCDOJOOOtOit^OJCOW^^CnWOO
to
- tOi-.t-- to
H-
Range
-
00 1—
Oi
>--
to
0*-tO^*^tOi^WOtOtOOi OtO" — — en osoo^oco
ClO>t»-'('0i>^C000Cnt0Cnt0-vlO0000i0^O^-vl4iC0it^-'fflO0»*-*'O>-0i
tOtOMON)OtOCOOi>^-OMOOtD^^OOXO>000'OQOOi^tOtOOi-^M<IOOCOeo
0OCOH-'
1^
11.39-.47 11.27-.39 11.05-.3l|ll.00-.20
11.46-.47 11.31-.32 11.08-.09!ll.l9-.20
Closing
July—
>&.00
J^S)
11.49-.59 11.40-.50 11. 20-. 45 11.15-.35
11. 57-. 58 11.44
11. 21-. 22 11.33-.34
—
Closing
October
—
1
Range
Closing
t-co
00
t-"
>-'
(yi
w
to
OOOtocOCO>--k-~ai-'to'-'Cn05CO»J>— <0050iW
h-
Holi-
December
day.
day.
—
January —
i-'w
ilnMO:C;i:O00totO00^^00to
ife-*--ja!Ooo>^tooouiGooJiooitoO'0>-^coooo5^05^i^rf^i— ;Dtoooit^oooi
10. 56-. 64 10.47-. 56 10.31-.52I10.28-.44
Hoh-
10.64
1
Range
10.57-.65 10.48-.57 10.31-.52 10.29-.45
10.64-. 65 10.52-.53 10.31-.32:i0.42-.43
Closing
tO;DOCs^-JH-350J>(^Wai<IW<IWOO^Oi^OOO^OoaitOtO<DlntD:OCOO
coooo^^Oiaiio*.h-'OootototOH-i;^wt— Wht>.tooowoT.o^-^iocDH^toto
-co^it>.ooooto*.H-Kio50o*.oooo30tooooiji.ooow*.o~j;o~ato*-toco
- @—
Range
i-O^-'CO
Cni-'IO
-J -a i— CO I— *k to 15
tocoto^-io
^-tO
Ml—tO
W 05 CO - 01 CO O
01 OJ CO Cn
rf^ -^I
i<^
i-'OciO!
—
rone-
ostototo
CO ao to ^- H- -'
Firm.
Steady
Spot
Options
--I
C0C;i00>^CnC0>b.<IO4^^^0aC0<000i— O>Oa00O<i*>-05l0OCOtO00h-'OC;'C0vI00
>t>C»J~JtDO0iC0^C000t0O>O
1
10.59-. 63 10.45-. 47110. 40
10. 69-. 70 10.57-.59 10.36-.38il0.47-.49
Closing
rf^^
10.51-.52 10.31-.32ll0.41-.42
Cnt00003<35>-«OCni— Cn00-g-aO3>frO5
Quiet.
Steady.
Easy.
Steady.
Easy.
Steady.
WEATHER REPORTS BY TELEGRAPH.— Advices by
^C;i4^CAC0OOsa:t0*»Cn;0Ci*»-0:O000iOC0^C000CO*qH-CnOC0CnC;i"--It0
rfs^CnCO
toco;/aotooj^»-oi£>o--]i<^-jo-vitb.o ©"-"Cooo^Ti^ooo^ecncooco
-JOS.^OOiOOOCOt-'OOOODOtnOit'OihC'OOlOi'— O^^i*>0t0'-'—
The above totals show that the interior stocks have decreased during the week 26,472 bales, and are to-night 101,179
bales less than at the same period last year.
The receipts
at all the towns have been 52,543 bales less than the same
week last year.
telegraph to us this evening from the South are quite generally
The weather has been quite satisfactory as a
favorable.
rule, rainfall in the
made
main having been
excellent progress in almost
light.
Farm work has
the only comfrom Texas that showers have slightly retarded
OVERLAND MOVEMENT FOR THE
AND planting operations. In some of the earher districts planting
SINCE SEPT. 1.— We give below a statement showing is about completed, and some correspondents report that
the overland movement for the week and since Sept. 1, cotton is up and being chopped out.
as made up from telegraphic reports Friday night.
The
In some portions of the State showers
Galveston, Texas.
results for the week and since Sept. 1 in the last two years
have slightly retarded planting operations. We have had
are as follows:
rain on two days of the week, the rainfall being three hun1905-06
—1904-05
Average thermometer 65, highest 70,
April 20.
Since
Since dredths of an inch.
all localities,
plaint being
WEEK
—
Shipped—
Via
Via
Via
Via
Via
Via
Week.
Sept. 1.
Week.
Sept. 1.
1.3,581
St. Louis
15,466
8,893
1,125
3,656
1,618
7,589
511,448
289,284
46,210
80,475
48,321
'263,944
38,347 1,239,682
I.ouisville
1
Cincinnati
other route.s, &c
4,979
399,713
186,039
40,891
84,404
48,695
225,722
23,813
985,464
1,826
398
952
127,544
18,070
36,565
3,629
197
1,626
148,168
19,113
43,492
3,176
182,179
5,452
210,773
20,637
803,285
Cairo
2,623
Rock Island
468
770
Total !?ross overland
Deduct sh ipments
Overland to N. Y., Boston,
—
Between
,392
<tc_
towns
Inland, &c., from South
itnerior
Total to he deducted
Leaving
total net overland. a
a Inoludins movement by
rail to
32,895 1,028,909
Canada.
lowest 60.
Fort Worth, Texas.
year, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 225,624 bales.
1904-05
1905-06
In Sight and Spinners'
Takings.
Receipts at ports to April 20
Since
Sept.].
100,788 0,957,386
Net overland to April 20
20,637
803,285
Southern consumption to April 20 45,000 1,492,000
Total marketed ;
in sight during
Week.
Sept.].
161,728 8,214,482
32,895 1,028,909
44,000 1,404,000
.166,425 9,252,65'1
.a26,472
287,322
Interior stocks in excess
Came
Si7icc
Week.
week
139,953
Total in sight April 20
9,539,963
North, spin's' takings to April 20. 38,034
1
238,623 10647,391
n29,691
462,018
208,932
,..11,109,400
56,972
,970,333
1
,860,95-;
a Decrease duririg week.
Movement
Week—
•
into sight in previous years:
-1
1904— April 22 _,...
1903— April 24 .[._._
1902— April 25
1901— April 26 ...:..
Bah'if.
84,506
110,602
82,025
86,541
Since Sept.
1
—
Bale.':.
190f5-04— Ajnil 22, _,
0,304,145
1902-03— April 24,.. :-,, 9,786, 190
1901-02— April 25,..
9,541,467
1900-01— April 26. .:.
9,277,815
rainfall
has been seventy-
,
—
—
days during the week, the rainfall being two inches and six
hundredths. The thermometer has ranged from 52 to 74,
averaging 63.
— We
have had heavj'' showers on
Corpus Christi, Texas.
three days the past week, the rainfall reaching one inch and
twelve hundredths. Average thermometer 64, highest 72,
lowest 56.
have had heavy showers on three
Abilene, Texas.
days of the week, the precipitation reaching one inch and
The thermometer has averaged
forty-eight hundredths.
63. the highest being 76 and the lowest 50.
We have had rain on two daj's of the week,
Taylor. Texas.
The
the rainfall being fifty-nine hundredths of an inch.
thermometer has averaged 65. ranging from 52 to 78.
Shreveport, Louisiana.
Rain has fallen during the week,
to the extent of forty-six hundredths of an inch, on one day.
The thermometer has ranged from 47 to 77, averaging 62.
jVetf Orleans. Louisiaiia.
We have had rain on one day of
the week; the rainfall being ninety-six hundredths of an inch.
,
The foregoing shows the week's net overland movement
has been 20,637 bales, against 32,895 bales for the week last
— The week's
The thermometer
eight hundredths of an inch on four days.
has averaged 65, the highest being 76 and the lowest 54.
The week's rainfall has been twenty-six
Palestine, Texas.
hundredths of an inch, on two daj's. The thermometer has
averaged 62, ranging from 50 to 74.
San Antonio, Texas. There has been heavy rain on two
— We
—
—
—
Average thermometer 67.
Columbus, Mississippi.
which is progressing well.
— Weather ideal for farm work,
— Planting about completed.
Vicksburg, Missi.'isippi.
is
Conditions favorable during the week except on one day.
We liave had rain on one day during the week. The rainfall
reached one inch and seven hundredths. The thermometer
has ranged from 46 to 79, averaging 63.
Meridian, Mississippi. Weather clear and -favorable all
the week.
—
Apr. 21
Helena,
THE CHRONICLE.
1906.]
Arkansas.
— Farming
made good
has
progres.s.
River is falUng and overgreater than last year.
flowed lands outside the levee may be clear of water in time
Levees are all standing. The week's. rainfall
foi- the crop.
has been eighty-six hundredths of an inch on one day. The
thermometer has averaged 58, the highest being 76 and the
lowest 43.7.
Memphis, Tennessee. Fine farming weather, and cotton
We have had rain on one
planting is progressing rapidly.
day during the week, the rainfall being forty-five hundredths
The thermometer has ranged from 46.2 to 77.8,
of an inch.
Acreage
is
WORLD'S SUPPLY AND TAKINGS OF COTTON.—
brief but comprehensive statement indicates
at a glance the world's supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like periods.
The following
—
averaging 59.4.
Mobile. Alabama.
— Weather in the interior favorable and
progress.
farm work active. Cotton planting has made good
Wc have had rain on one day during the week, the precipiThe
tation reaching one inch and eighteen hundredths.
thermometer has averaged 65, the highest being 76 and the
lowest 52.
—
Montgomery, Alabama. Farm work is progressing splenCotton is up on many places and some planters are
chopping out. It has rained beneficially on one day during
the week, the rainfall being fiftj^-ninc hundredths of an inch.
The thermometer has averaged 64, ranging from 48 to 84.
Planting ha smade good progress on
Sclma, Alabama.
uplands and cotton is coming up. Bottom lands are too
hard to plow and the crop there will be late. Labor is
There has been no rain during the week. The
scarce.
thermometer has rixnged from 46 to 77, averaging 55.
Madison, Florida. We have had no rain the past week.
Average thermometer 64, highest 80, lowest 48.
Augusta, Georgia. We haA^e had rain on three days during
the week, the precipitation reaching forty-three hundredtlis
The thermometer has averaged 65, the highest
of an inch.
being 84 and the lowest 45.
Savannah, Georgia. The week's rainfall has been. one inch
and twelve hvmdredths, on one day. The thermometer has
averaged 67, ranging from 52 to 79.
Charleston, South Carolina.
Wc have had rain on one day
of the past week, the rainfall reaching eighty-seven hunAverage thermometer 65, highest 79,
dredths of an inch.
didly.
—
—
—
—
941
1904-05.
190.5-06.
Cotton Takings
Week and Season.
Week.
Other supply to
18a
.-Vpril
Season.
4.173,801
2,545.470
1,123,887
208,932 11,109,409
77,000 1,881,000
131,000
6,000
778,000
13,000
121 ,000
5,000
9,5.39,993
2.101,000
214,000
776,000
316,000
10,000
. .
Week.
Season.
4,500 779
Visible supply on April 13
Visible supply Sept. 1
r39",9.53
in sight to April 20.
Aiiiprican
83,000
Bombav rt'feipts to April 19.8,000
Otlicr Incha sliip'ts to April 19
ivceipts to A])ril 18
1,000
Alexandria
4,742,732
—
4,483,733 15,144,296
4,441,012
Total supply
Deduct
Vi.sible supply April 20
4,169,273
Total takings to April 20
341,720 11,091,451
234,720 8,339,461
107,000 2,752,000
Of which American
Of which other
4.169,273
314,460 10,975,023
216,460 8,649,023
98,000 2,320,000
a Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
receive a weekly cable of the movements of cotton at
Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
now
Alexandria,
Alexandria, Egypt,
April 18.
Receipts
1903-04.
1905-06.
1904-05.
7,500
5,813,321
95,000
5,839,411
(cantars a) —
This week
Since Sept.
1
26,000
6,361.535
,
—
lowest 53.
—
Greenwood South Carolina. We have had rain on one day
of the week, the precipitation reaching one inch and twentyone hundredths. The thermometer has averaged 62, the
,
highest being 73 and the lowest 51.
Conditions very favorable
Stateburg, South Carolina.
both for preparing of land or planting operations. There
has l^een rain on one day during the week, to the extent of
The thermometer has
fifty-one hundredths of an inch.
Exports (bales)
To
To
To
To
—
at 8 a.
m.
of the dates given:
.April
20 1906.
Above
Above
Above
Above
zero
zero
zero
zero
.\bove zero
Orleans
Memphis
Nashville
Sln-eveport
Vicksburg
of
of
of
of
of
INDIA COTTON
13.5
15.0
10.2
17.3
31.7
April 19.
46.1
Week.
Honibay
—
..
MANCHESTER MARKET.—
We
weeks
For
Exports from
Week.
the
Sept. 1.
77,000 1,881,000
Since
Week.
Sept.
Great
Britain.
1
75,000 1,596,000
Since September
Week.
1
Conti-
Great
Conti-
Britain.
nent.
Total.
23,000
9,000
36,000
23,000
9.000
45.000
46,000
14,000
79,000
656,000
222,000
664,000
602,000
236,000
742,000
4,000
4,000
i',666
"f.ooo
5,000
1,000
3,000
74,000
17,000
22,000
79,000
18,000
25,000
1.000
1
,000
2,000
2,000
8,000
35,000
12,000
26,000
37,000
14,000
34,000
3.000
6,000
4,000
3,000
6,000
4,000
10,000
7,000
5,000
88,000
92,000
98,000
98,000
99,000
103,000
31 ,000
—
31,000
15,000
50,000
63,000
753,000
343.000
810.000
816,000
307,000
905,000
nent.
Total.
Bombay
1905-00
_
1904-0.".
1903-04
9,606
Calcutta—
1905-00.
1904-05
1903-04.
.
.
Madras -
100.".-()(;
1904-0.',
1903-04
.\11 OtlUM*
190.5-00.
1904-05
1903-04
Total all1905-00.
1904-05.
1903-04
..
o'.om
15.000
41,000
and
24 ,000
95,000
last
year for comparison:
1905.
(i.
S5/^
HH
23
@
®
30 8 13-10®
Apr.
13
8 5-16® 10
9
9
C
@
®
lbs. Shirt-
ings,
.
d.
s.
6
9^8 6
lOH
lOH
s.
4>lS®9
9'J-4
9i/s
d.
6
6
6
5
®9
5Jli®9
6
@9
6J4@9
6J^@9
SH
Cot '71
Mid
32s Cop.
UpVs
common
to finest.
COTTON
19030.
Since
Sept. 1.
of this
20
1904-05.
83.000 2,101,000
lbs.
Our report received by
cable to-night from Manchester states that the market
The demand for
is firm for both yarns and shirtings.
give
both home trade and foreign markets is good.
the prices for to-day below and leave those for previous
Mch
the shipments from all
and for the season from Sept. 1 for
Since
98
is
32s Cof
Twist.
Bombay and
1905-06.
—
cantar
8K
three years have been as follows:
Receipts at
7,760 640,936
63,082
1900.
MOVEMENT FROM ALL PORTS.-
receipts of cotton at
India ports for the week
3,850 662,406 14,500 612,692
This statement shows that the receipts for the week were
7,500 cantars and the foreign shipments 3,850 bales.
IG
The
3,500 198,313
118,069
4,2.56 279,806
44,758
50
Feet.
16.0
36.2
14.0
14.2
gauge
gauge.
gauge.
gauge.
gauge.
4,500 181,212
4,750 122,972
3,500 247,962
1,750 60,466
3',6o6
America
A
..Since
Sept. 1.
April 21 1905.
Feet.
New
a
This
week
Since
This
week. Sept. 1
Since
Sep. 1.
800 184,883
147,488
266,353
Liverpool
Manchester
Continent
Total exports
—
averaged 65, ranging from 45 to 83.
Weather fine for crop preparaCharlotte, North Carolina.
tions.
We have had rain during the week to the extent of
The thermometer has
fifty-seven hundredths of an inch.
ranged from 43 to 80, averaging 62.
The following statement we have also received by telegraph showing the height of rivers at the points named,
Tti.is
week
TvAst.
S-.
SHi •5.77
414 6.00
6.03 7yz
6
7
IVi
IVa
6.10
6.16 7 7-16
6.04 1%
&%
®
@
Shir l-
common
5
5
5
5
8 5-16 5
8H 5
d.
9
9
9
9
9
9
s.
Com
Mid
Vpl's
to finest.
d.
d.
lbs.
.iiigs,
d.
@S 714
®8 7H
®8 7Jij
@8 7H
®8 rVi
®8 ry.
d.
4.31
4.28
4.28
4.27
4.24
4.17
ANDALUSIA.— Recent
from
advices
Commercial Attache of
Great Britain at Madrid reports that a company has been
formed in Jerez, under the style of the Sociedad Algodonera,
whose object is to encourage the cultivation of cotton in
Andalusia, by providing seed and insuring the sale of the crop,
which will be transformed into a marketable form.
Europe are
IN
to the effect that the
WEST AFRICAN COTTON.— At a recent meeting of
the British Cotton-Growing Association, West African section, the following information as to progress making was
made
public:
the coUon is now coming forward rapidly, and by the end of
times the (|uanlitv had been shii)ped as for the .saini! period
A con.'^ignnu-nt of about forty bales of cotton of an exceplast vear.
Lagos,
tionally high qualitv had been received from a large planter
and it was decided tliat a special bonus be paid to lum for lus efforts
improving the quality of cotton there. A consignment of 300 bales is on
the wav to England on the Mendi from Lagos.
As to the (iold (^oast it was reported that arrangements had been entered into with the (iovernment whereby the Association agrees to spend
£3.000 per annum for a period of three years 011 the developnient ot
cotton cultivation in this colon v, and the Government of the (.old toast
agreed to make a grant of £1,500 per annum lowards the cxi.endituro.
From Northern Nigeria it was reported that 300 bales of cotton had been
dealt with at the new ginnerv recently erected by the .Vssoriation at
Liverpool.
Lokoja, and about 200 of these bales had just been received
A letter was read from Lord Scarborough, the Chairman of iheNiRer
Companv. on his vi.sit to the Association ginnery at Loko.ia. He was
pleased with the work the Association is doing in Northern Nigeria, and
sjieaks highly of the staff employed there.
Tn Lagos
March
tliree
m
m
m
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
Exports from all India ports record a gain of
6,000 bales.
16,000 bales during the week and since Sept. 1 show an
increase of 449,000 bales.
JUTE BUTTS, BAGGING,
&c.--Thc market
for jute
bagging has been quiet the past week. Prices remain nomU>S-,
inailv unciianged at 6^^c. for 1?^ ^^^^- -'^'^i' <J^8i'- f^'»"
standard grades. Jute butts dull at lj^@l'i'' '"'• '>«r"''quality and 2@.2i:jtC. for bagging quality.
'-'
THE CHRONICLE.
942
EXPORTS OF COTTON OOODS FROM GREAT
BRITAliN'.— Hclow
we. givi' th<' c.xijorts ol » otlon yuru,
month of March
goocl.s, (fcc, from (!roat lirituiii for the
and since Oct. 1 in lUOri-OO and l(K)4-().5. as compiled by U6
from the British Board of Trade returns. It will he noticed
that
we have reduced the movement
to pounds.
all
Vol. lxxxii.
Cotton freights at
Thread.
Total of
Cloth.
AU.
onillid.
.
19,8051
..
20.859
Lbs.
16,758
17,938
19,161
1st qiiar..
.iKiniary
62.815
53.8.57
20.S2(it
February
Manli
1(M52
19,6121
17.151
Lbs.
22,151
October
November
Uecember
2il
20.479
61.872, 54.782
Yds.
509.733
530,139
555,181
Lbs.
Lbs.
Lbs.
Lbs.
486.579, 95,1311 90.767 117.2821107,526
4/4.192i 98,940 88.456 118.7451106,394
560, 718103, 6131104, 59? 124,472!l23.758
,595,053
5/ 1,913
493,412
,521, 4^9 297.684:283,^20 360.499 337,677
Vd.s-.
1
'
4;;,9.5.')
512,'JN'J,
.539,791.
,639,019
1
,.5.30,740
89,2():S 12,',.126 106,356
92,0551 95, /.•$!) lll,(i(i7L12,800
107,032 100,742 128,4(i(l 121,221
305,787 285,6'S4 367,659 340,466
U)(),70()
Havre
Bremen
c.
c.
c.
Antwerp ...
c.
Glifiit V. Ant. .c.
I<i-\al, indirect. c.
Iii\ a! V. Canal. f.
,
Total 6 mos.; 124, 687. 10S,639|3,234,07213.052,229|603, 471. 569,504 728,158 678,143
.•^tockinKS and socks.
Sundry articles
449
22,792
442
20.401
l-arcclona.May.c.
(Icrioa
Trieste
.hipau, i)rompt
•
--
-
-1
751,399 698,986
The foroRoinj^ shows that there has been exported from
the United Kinfi;doin during the six months 751 ,.'}i)9,000 lbs.
of manufactured cotton, against 698,986,000 lbs. last year,
or an increase of 52,413,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following statements, showing the amounts taken by the principal countries
during March and since October 1 in each of the last
three years.
EXPORTS OF PIECE GOODS AND YARNS TO PRINCIPAL COUNTRIES
IN MARCH AND FROM OCTOBER 1 TO MARCH 31.
March.
—
Yards.
Piece Goods
(000s omitted.)
1
to
March
1905.
1906.
1905-06.
1904.
1904-05.
I
North America
other countries
yarns
573,694 539.796 437,81813,234,072 3,052.209 2,573,934
£6,674 £6,201 £4.948 £37,383 £35,029 £28,723
Lbs
H
O
22 (" 25
L
L
I
714
235
1.755
2,301
1.621
All other countries
2.324
1,201
1.890
20.481
21,413
17,051
23,595
6,830
10.190
12,396
Total pounds.
Total value
19,032
18.311
12.126
111.956
96.375
80.310
£1,032
£913
£667
£5.868
£4.948
£4,308
Germany
Oth .Europe(except Turkey)
East Indies
China and Japan
Turkey and Egypt
3,842
3,663
2.598
3,549
1,903
3,380
2,021
1,496
15,186
20,048
11,748
13,388
1.688
8.101
10.151
18,051
21,087
14.054
16,579
3.257
11.401
11.946
kar,
1
,001
975
267
1,660
50
1
.
To Naples, per Koenigen Luise, 181; Prinz Oskar, 200
NEW ORLEANS— To Liverpool— .\pril IS— Dictator, 10,700
April 19— Wm. Cliff, 3,500
Havre— April 16— California, 2,666_ ._.
Bremen— April 17— Etonian, 14,095
Barcelona— April 17— Pio IX, 6,9.50
Genoa— April 1 7— Dora Baltea 9,724
GALVESTON— To Liverpool— April 14— Capella,
To
To
To
To
April
16—Justin,
—
—
—
—
392 Sea Island
To Bremen
— April
14
— Hansa,
5,433
.\piil
18
—Eolo,
6,782
To St. Petersburg— .\pril 18— Eolo,
To Reval— April 18— Eolo, 1.50.
To Barcelona Anril 14 Hermine,
_
20,
.\pril
Ivernia,
4,386
100
7,803
300
April
100
100
17—
1,143
13
— April 10 — Iberian, 57.
..
— Bo.ston, 100 ..
..
PAL'rjMORE- To Liverpool12— I?owanmore, 1,996..
To Bremen — April 12 — Brancienburg, 1,951.
S.\N FR.\NClSCO — To .Japan —
14— America Maru, 50.
T.\COMA — To Japan — April IS — Vangfsze, 2,154
To Manila —
18— Yangtsze, 100
Yarmouth— April
.-Vpril
.
.
1,148
57
100
1,996
1,951
50
.\pril
.\pril
Total
...
.
_.
2,1.54
100
112,875
The
particulars of the foregoing shipments for the week,
arranged in'our usual form, are as follows:
Great French GerOth. Europe
Mex..
—
Britain.
...
975
New York
New Orleans. 14,200
Galveston
Mobile
Pensacola
16,815
999
4.386
7,803
.
12,215
Boston _ .
.1 ,205
Baltimore
1 ,996
San Francisco
Tacoma
Total ...
.
&r. Japan
100
170
5,822
100
1
1,951
,305
3,947
50
2,933 35,108
670 24,380
50
100 2,154
...
47,380
Total.
4,736
47,635
18,264
4,188
4,486
26,010
450
4,188
.
Savannah
—
mony
North South.
267 1,660
50 1,784
2,666 14,095
16,674
ports.
23 (" 24
18
34
55
spe r 100
Ib*^.
.\ii<l
((
18
34
55
34
55
5 per f-rit.
30.
.\pril 6.
.\pril 13.
,000
67.000
2,000
2,000
48,000
2,300
200
39,000
1
2,000
49,000
Aciiial e.xport
8,000
Forwarded
64,000
Total stock— Estimated .1,104,000
Of which American— Est. 981 ,000
Total import of the week
.53,000
46,000
Of which .\mericaii_.
-Amount afloat
196,000
.
Of which .\merican.
.. 144,000
S-iles
5C>,000
.\merican
S ,000
2
89 .(KH)
1,062,000
946,000
54.000
35,000
242,000
187,000
.
,00f;
46.0(J(J
l,0fi8,0(X)
948 .OO'i
54.000
42,000
1.58.00C
39 ,000
1
April 20.
49.000
2,000
1,000
42.000
6.000
104.000
1,063,000
947.000
105.000
88,000
174,000
1 22 000
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:
Monday.
Wed- day.
Tuesday.
Thursday.
Friday.
Fair
Saturday.
Fair
business
doing.
1
12:15
P.M.
Quiet.
}
Mid. upl'ds
H
O
L
Spec.&exp.
Market
opened
busine.ss
doina.
Sales
P.M.
Quiet.
J
I
D
A
Y
\
6.24
0.21
O.IG
6.04
8,000
8.000
10.000
12,000
H
O
L
500
I
D
A
Y
500
Steady at
1@2
Quiet at
2@4
pts.
Steady at
decline.
decline.
Easy at
Quiet at
pts.
decline.
1@3
Steady at
5(§8 pts.
point
1
Quiet at
1
5@7
advance.
j
1.000
1.000
Quiet at
point
1
advance.
pts.
advance.
j
pts.
8@9
decline.
pts.
decline.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and 100th
Thti.'>: 6 06 means 6 06-100<i.
below.
.
Sat.
April 14.
Mon.
AprU
Wed.
Tues.
16. April
17. April
Thurs.
18. April
Fri.
19. April 20.
12^ 1 12^ 4 12K 4 12^ 4 1234 4 12^ 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
April
Apr.-Ma.v.
May-June.
June-July
Julv-Aug.
H
O
H
Aiig-Sept
L
L
Sept .-Oct.
Oct .-Nov.
Nov. -Dec.
Dec. -J an.
Jan .-Feb.
Feb.-Mch.
1
I
D
D
Y
A
Y
A
d.
6 06 6 05
6 06 6 05
6 07 6 05
6 07 6 05
6 06 6 04
6 00 5 98
5 86 5 84
5 77' 5 76
5 76 5 75
5 76 5 74
5 76 5 75
d.
6 03
6 03
6 03
6 03
6 03
5 97
5 84
5
5
5
5
76
75
75
75
rf.
d.
d.
6 98 5 98 5 96 5
5 98 5 98 5 96 5
5 99 5 98 5 96 5
5 99 5 98 5 96 5
5 98 5 97 5 9i6 5
5 92 5 92 5 90 5
5 78 5 77 5 76 5
5 70 5 69 5 68 5
5 69 5 68 5 67 5
5 69 5 68 5 67 5
5 69 5 68 5 68 5
d.
rf.
86 5 89
86 5 89
86 5 89
86 5 89
86 5 88
81 5 83
68 5 70
60 5 6.^
59 5 62
59 5 62
60 5 az
BREADSTUFFS.
999
450
.
To Manchester
To
23 ("24
18
60,000
week
4,038
150
I.tO
5
23 ("24
16,815
4,939
383
38.^
.A.pril
381
12,215
20
Sea Island
..
4,9.39
—
— — 14 — Hermine,
To Triste — April 14 — Hermine, 300
To Venice — April 14 — Hermine, 100
To Fiume — April 14 — Hermine, 100
BOSTON— To Liverpool—
13— Sachem,
To'Genoa
26
32
23 f« 24
18
A
V
6,136
10,679
To Hamburg— April 17 Maria de l.arrinaga, f99
To Rotterdam April 14 Lord Antrim— 450
MOBILE— To Bremen— April 12— Rvton, 4,038
To Hamburg— .A.pril 12— Rvton, 150
PENSACOLA— To Liverpool— April 13— August Belmont,
4,154: Asuncion de Larrinaga, 232_
To Barcelona April 13 Augui-t Belmont, 100
SAV.^NNAH- To Liveriwol- .-Vpril 16— Eretria, 7,411 upland,
—
,403
14,200
2,666
14,095
6,950
9 ,724
,
18(a 20
26
32
26
32
i
Total bales.
Irishman, 582
,
20
22 f« 25
18(&4 20
U
A
Y
22(">25
34
55
I
D
,V/«rc/i
—
To Havre, per La Champagne, 67 .Sea Island; La Gascogne,200
To Bremen, per Chemnitz, 1 ,315; Seydlitz, 345
To Gefie, per Mohawk, 50
To Genoa, per Koenigen Liiise, 164; Liguria, 238; Prinz Os-
17
16
a27
22 ("25
18 ("20
26
32
20
bales.
SHIPPING NEWS. As shown on a previous page,
the exports of cotton from the United States the past week
have reached 112,875 bales. The shipments in detail, as
made up from mail and telegraphic returns, are as follows:
NEW YORK— To Liverpool, per Celtic, 393;
20
Hto
which exporters took. .
Of which speculators took
Sales of the
Market
3.412
3,532
2,787
4,006
1,239
__
a27
20
H
O
(000s omitted.)
Holland
o27
20
Fn.
cable from Liverpool we have the
following statement of the week's sales, stocks, &c., at
that port:
Futures.
Total yards
Total value-
17
In
((27
c.
c.
.c.
Quotations are c
Spot.
264,661 '246,618 211,395 1,426, 451 1,321, 872! 1,135,722
85,142 80.065 57,843
464.353
509,157
393.176
472,831
78,033 83,081 48,912
452,060
265,479
32,054 31,641 26,662
170,913
143,242
151,236
42,664 38,047 39,934
277.723
256,689
275,542
33,400 26,760 22,961
183,611
174,814
172,922
37.740 33,584 30,111
238,190
194,375
179,857
.South .\merica
J'hurs.
17
16
31.
1903-04.
I
a.s
LIVERPOOL. — By
Market
East Indies
Turkey, Egypt and Africa.
China and Japan
Europe (except Turkey)
.411
OctobiT
Wed.
17
16
(;>f
Total exports of cotton manufactures
Tutu.
c
I
i
573,694
21.434
<|tiar-.
1905-06 1904-05 1905-06 1904-06
1904-05
!
the past week huv.- been
c.
,
,1905-06 1904-051 1905-06
Mon.
ial.
I,i\eri)ool
.Miiiicliester
Hamburg
Yam &
OOOs
New York
follows:
2,254
200 2,204, 112,875
Friday, April 20 1906.
wheat flour have been firm and at times asking
quotations have been advanced, but the demand continues
light and only to satisfy immediate requirements, with most
of the business confined to spring patents.
Export bids are
considerably out of line with the quotations asked by millers.
The advices from the Northwest of late have been less favoraPrices for
demand there having fallen off bj' reason of the higher
asked, and the Southwestern milling centers continue
to send unfavorable reports.
The trading in corn meal ha-s
continued dull, with prices steady. Rye flour ha'^ ruled
steady with the trading dull, not even job lots being sold.
Wheat, though it has shown more or less irregularit}-, ha^,
on the whole, exhibited -weakness, and is low^er than it was a
week ago. This is traceable to several causes, namely, the
San Francisco disaster and the accompanjing decline in the
stock market and generally unsettling effect in both financial
and commercial circles, favorable weather at the West, optimistic crop reports in regard to winter wheat, some l)elief that
the acreage of s})ring wheat will be increa.sed, a noticeable
increase in tlie shipments from Argentina and gradually' declining foreign markets.
Moreover, the export demand during the week has amounted to little or nothing.
In fact the
dulness of the cash markets, and it may be added tht^ dulness
of flour, have been among the salient features of the situation and have naturally militated against any improvement
in prices.
Special reports in regard to the winter-wheat outlook indicate that the yield will be large if weather ponditions
are normal during the remainder of the season.
The reports
are almost a unit to the effect that wheat passed through
the winter with scarcely any injury.
In some sections of the
South jointing has begun, which puts the growth" sptnething
ble, the
5:)rices
Apr.
THE CHRONICLE.
21 1906.1
in advance of a year ago, and there are no complaints of HesMeantime the specuhition
sian fly or other insect pests.
laci<s the support of any general interest on the part of the
outside public liquidation of the May option has been noticeable of late and if the receipts at the West are light it is quite as
clear that the export demand is also light, although a good
milling demand is reported at Chicago and in the Northwest.
To-day, under tlie influence of beari.sh factors above enumerated, prices again declined.
,
943
frosts on the 15th and 16tli as far south as the northern portions of the
Southern States. Complaints of too much rain are received from the
Middle .\tlantic States and portions of the Mis,souri Valley. The mild
temperatures and generally light precipitation in the Southern States
were favorable. In the Missouri and upper Mississippi valleys there was
much sunshine, especially during the fore part of hte week, while in the
Middle Atlantic States the percentage of sunshine was below the average.
Violent and destructive storms occurred on the 12th and 13th in portions
of the Missouri, upper Mississippi and Ohio valleys and west Gulf States.
EXPORTS OF BREADSTUFFS, PROVISIONS, COTTON AND PETROLEUM.— The exports of these articles
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK. during the month
Mon.
Tues.
Wed. Thurs.
Fri.
91?^
92
90^
86^
84 1^
S.SJ^
87%
85}^
83%
Q\%
855^
90?^
SOJ^
85
8.3^
Sal.
91
No.2re<l\vinter
Mav
(ieliverv in elevator
Jiilv (leliver'v in elevator
Sep'temberdelivery in elevator--
87^
DAILY CLOSING PRICES OF WHEAT
88^
85M
87«4
84^
S414
^2%
FUTURES IN CHICAGO.
82>^
of March, and the nine months, for the
past three years have been as follows:
1905-06.
Exports
Irom U S.
1904-1905.
1903-1904.
.
March.
I
9 Months.
March.
9 Months.
March.
I
9 Months.
Quantities
Sat.
(Ieliverv in elevator
.InlV ileliverv in elevator-.,
September
il.
,.-
.
Mon.
Tues.
Wed.
Thur.t.
79%
78%
77%
SO^
Fri.
79J^
Mav
81?-g
7QH
78H
7C^
79%
Wlieat. bush.
Flour -.bbls.
79^^
78
78k'
77
Wheat a bush 6,841,704 77.897.1381 3,308.585: 33.659.9591 7,068,1271106,966,316
Corn --bush. 12,828.390:100,831,28314.566,544! 65,417.5751 7,864,780; 49.366.367
79
livery in elevator-- 7SV8
799^
77T-^
Indian corn futures have been active and irregular, advancing at times, owing to very small receipts of contract grade,
a brisk cash demand at the West at stnnig prices, light country ofTerings, decreasing supplies, support from bull interests
and covering of shorts. Reactions have been frequent. Iiowever, owing to heavy litiuidation at times, generally fair and
therefore favorable weather for farm work, which is making
An inrapid advancement, and smaller exports to Europe.
crease in the crop movement is expected next month.
DAILY CLOSING PRICES OF NO.
2
CashcornMav delivery
Tues.
54
in elevator
Julv (Ieliverv in elevatordelivery in elevator.September
DAILY' CLOSING PRICES
54,4
.54i^
.54%
55
5.35^
53%
bZYe.
bSH
53^
53V»
53Vx
53
53
53
53H
53H
53H
53^
53^
Mav
K
M
55
54
53
53
Mon.
delivery in elevator
Jiilv delivery in elevator
September (ielivery in elevator--
Tues.
46'4
46K
46"^
45%
46J^
4QH
4e>}4
4(^14
46}^
H
"^
IN CHICAGO.
Wed. Thurs.
Fri.
46%
46)^
46i^
46J^
473^
45%
4fi
46}i
Sat.
Mon.
36J^
37
3614
Sat.
delivery in elevator32%
July delivery in elevator
.31
September delivery in elevator-- 29J^
Tues.
36i^
37
36%
31%
30%
29%
31%
Wed. Thurs.
Fri.
36H
36%
36^
37
37Ji
37
305^
295^
Wed. Thurs.
32%
32)^
30^^
31
29 J^
29%
Fri.
32%
30%
29%
The following are closing quotations:
FLOUR.
Low
grades
Second clears
-
.$2
. 2
3
Clears-
Straights....Patent, spring
Patent, winter
Kan.sas patents
W
_.
3
4
... 4
3
750$3 25 Kansas
50® 2 60
60® 3 80
75® 3 80
00® 4 15
35® 4 40
95(?'
$3 75(<??3 85
3 00(oi 3 25
4 75(H'- 5 00
straiglits
.
Rye flour
Buckwheat
3 45(a) 4 20
2 GO® 2 05
Graham
3
2
flour
flour
4 lOICornmeal
00®
65®
3 25
2 75
GRAIN.
per bush
N. DuL, No. 1..
N. Dul., No. 2-Red winter, No. 2
Hard "
"
0-Hts
Mixed, bush.
No. 2 white
No. 2 mixed
No. 2 white, clipped
Ilea t
c
.
,
—
Corn, per bush.
55
f.o.b. 55
f.o.b. 553
f.o.b. 56
8914
S7J^
901^
87^^
06
.
Nominal.
52@.57
—
43
EXPORTS OF GRAIN AND FLOUR FROM
for
— The exports of grain and flour from
the week ending April
have been as follows:
P.\CIFIC
Pacific ports
by telegraph,
From San Francisco to Japan and
19,
as received
China,
5. .505 l)bls. flour;
to various South Pacific ports.
6. .562 bbls. flour; from Seattle to South Pacific ports, 6,821
bbls. flour, and from Tacoma, 7.592 bbls. flour.
Combining these figures with those for previous weeks, wv
have the following, which cov(>rs th(> exports to foreign
countries for the period since Julj- 1 1905, comparison being
made with the corresponding period of 1904-1905:
Flour,
Exiinrlgfrom
W)/.s.
.•<iin Francisco
.394,250
Pnuet !^om,d 1.576.989
Wheat.
Corn,
Oats,
Iiu.^h.
bu.-1i.
lut.'ih.
280,250
7,200.000
5,300,000
44,167
106,862
Total
2,886.239 12.780,250
Total 1904-05.2.174.222 4.492,826
151,029
160,041
—
Portlard.. .915.000
1,790
267.000
32
26S.822
681,148
S
.8
I
7.462,940!
146.270.04812. 631. 494' 75.688.902
174,212.69918.857.788142.844.753
333. 942.346 28. 476. 972.305, 420. 892
60,577.940| 7.528, 195i 57.997,653
11,657.451 126.485.089
18.514.302 153.423.001
23, 263, 438 329. 047,48&
5,812.472 56.875,136
Total value69.751.274 715.003.0,3367,494,451 581,962.20059,147.663665.831,722
I
1
a Includins flour reduced to bushels,
b
Including cattle, sheep and hogs in
all
month." and vears.
Note.
.\li of the above figures are based on the monthly preliminary returns
sued by the Bureau of Statistics, and cover about 98% of the total exports.
Barley, Rye,
bu.ih.
hush.
2.134,325
265.000
315
325,6.55
.--
2.724,980 315
5,133.024 1,263
GOVERNMENT WEEKLY WEATHER REPORT.
is-
The aggregate exports from the United States of wheat
and wheat flour, expressed in bushels, for the nine months
from July 1 to March 31, inclusive, have been as follows for
four years:
WHEAT EXPORTS FROM JULY 1 TO MARCH 31.
Wheat.
1902-03.
93.476.627
65,820,604
1905-06.
29,783,031
48,114,107
Totalbushels
1904-05.
4.209.435
29.450.524
77.897.138
bu.shels
Flour, reduced to bushels
1903-04.
33,659.959 106,966.310 159.297.231
41.926.218
65.040,098
The movement of breadstuff's to market as indicated in the
statements 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 Sat urdaj' and
since Aug. 1 for each of the last three years, have been:
,
at —
Flow.
Chicago
Milwaukee.
Wheat.
170.427
50.700
24.200
Duluth
Detroit
Cleveland ..
St. Louis...
Peoria
Kansas City.
4,600
1.007
36.960
14.100
301.994
244.743
294.290
'05
'04
Corn.
Rye.
Barley.
Oats.
60 lbs. bush. 56 lbs. bush. 32 lbs. bush.4Sl6s. bu.seibs.
976.314
288,400
51.000
1.528.700
14.200
31,680
114.800
164.400
66,500
19.200
197.885
1.131.980
23.000
8.000
5.776
168,577
23.400
194,000
Minneapolis.
Toledo
43.400
84.000
92,756
156.541
472,150
256,300
185.000
514 080
74.100
27.200
186,074
622.350
588.000
54.000
1.835.298
1.810.849
1.633,865
2,332,961
2,991,929
2.021,940
3.831.135
1,634,369
2.325,848
121.831
48,994
127.220
5.123
18.380
400
i"4,i6o
35,000
77,000
12.0001
755.114
696.947
611.749
70.203
81.192
55.526
90*
since Aug. 1
1905-06... 14.574.194 193,303.188 137.884.678 174,066,074 67,873.180 6.712,563
1904-05... 12.633.368 177,516.939 146,280.164 126.680.172 57.224.018 5.995,5.33
1903-04... 15.215,425 193,553,025 128.822,666 128.014.833 58,571,372 6.753.284
Total receipts of flour and grain at the seaboard port s for
the week ended April 14 1906 follow:
Receipts at
—
NewYork
Boston
Portland
Philadelphia ..
Baltimore
Richmond
Newport News.
NewOrleans.a.
Galveston
Montreal
Mobile
St.
PORTS.
889.7871
Breadstuffs . .115.532,832
Provisionsb.. 19 467,416
Cotton
26,833.031
Petroleum. &c; 7.917,995
c.
Western mixed..
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush.
No. 3 Western
36%
State and Jersey.
-.36}i
36% Barley Western ..
Feeding
f.o.b.
f.o.b.
f.o.b.
f.o.b.
'
33,686.048' 6,765,468 91,881,802
35,337.086i 4,295,129 27.989.806
1.124
9.365
440.977
471,452
1,847,539|
38.311
666.061
880.750
449,148
4,817.105,
5,526.65.3
95,2991
581,402
meal. 2.059,6831 13,753.836
Barley
Same wk.
Same wk.
Kansas clears
Blended patents
.$
I
Tot.wk.'Oe
Mon. Tues.
May
.S
$
70.364.665' 3.443,499
6,4,58.1271 54,107.205: 7.825.793
bbls.\96lbs. bush.
MIXED OATS IN CHICAQO.
2
'
$
meal-
Receipts
DAILY CLOSING PRICES OF OATS IN NEW YORK.
DAILY CLOSING PRICES OF NO.
&
Rye
Oats &
Corn
4%%,
Oats for future delivery in the Western market have been
active and irregular.
At times prices have advanced, influ
enced by the strength of the cash markets, a good demand for
cash oats, small receipts, decreasing stocks and covering of
On the other hand setbacks have occurred from
.shorts.
time to time, owing to liquidation attributed to leading bulls
and generally favorable weather for seeding operations, which
are now said to be making favorable progress, with the indications pointing to a large acreage.
It is expected, too, that
the receipts will increase in the near future.
No. 2 mixed-No. 2 white clipped
4.209.43a 1,212,943' 41.926,21^
6 544.561] 1,301.152, 14,453.355
—
OF CORN FUTURES
Sat.
Values.
Wheat & Hour 6.029.936
IN NEW YORK.
Wed. Thurs.
Fri.
Man.
13.413
732,216!
Total bush. 19.670.274 178,728,42117.974,929 99,077.53414,932,907 156, 332, 68S
MIXED CORN
Sat.
_
2,499.253 29.783.031
904.989, 10,714.246
Wheat.
Flour,
bbls.
19,000
63,969
96.723
16.306
19.648
22.350
8,5.30
50,000
20,000
108,223
"3',
186
7,189
20,758
John
Total week
Week 1905
Corn.
bush
370.875
323.000
bush.
75.519
28.352
214
43.218
40,337
3.778
18,215
Oats.
Bar lev.
bush
757.500
146.012
51.947
82.146
17,506
16,144
287,815
34,200
26,000
54.000
3,000
9.566
bu.th
270.000
900
11.872
9.4,')0
1
.3.50
42,856
92.501
17.072
672,820
408.912
2,36,219
1.168,240
3,528,254
1.451.891
1.010.303
89,058
27.770
New
a Receipts do not include grain passing through
on through bills of lading.
bbls.
Wheat
4.597..394
2.878,473
14.53S
4.883
Orleans for foreign port«
Total receipts at ports from Jan. 1 to April 14
as follows for four years:
Receipts of—
1904.
1906.
1905.
Flour
13.56*
21,0.'>7
256.601
249,296
Rye,
bush.
62.400
compare
1903.
6.072..361
0.368,493
..bush. 20.167.157
5.247.7.36
IS.S.'iS.lSi.
22.322.103
.55.404.528
47.826.316
11.146,843
2,418,325
153.280
25. .562.039
4.5,
26.191,479
5.421.378
476.654
12,630,7S!»
1,490.019
458,414
16.071.529
1. 695. 846
914.704
107.661.196
66.792.500
53.999.147
S6.lS0.03ff
Corn
Oats
Barley
Rye
Total grain
1
75. .854
several seaboard ports for the week
ending April 14 1906 are shown in the annexed statement:
The exports from the
—
Portland
Bo.ston
Philadelphia
Flour,
Oat.s-,
Oal.i,
Rye,
bush.
hush.
bbls.
Bnrliij,
Bnrliu,
bush.
441,657
40,649
214
bush
bush.
209,531
bu.ih.
bmh.
380,454
96.723
198,653
118,937
Exports Irom
.VcwYork
7.598
,90.492
Wheal,
f'orn.
108.019
430.494
591.712
26.000
13.721
26..502
M. James Berry, Chief of the Climate and Crop Division of
the United St.'ites Weather Bureau, made public on Tuesday
the telegraphic reports on the weather in the various States
for the week ending April 16, summarizing them as follows:
.Ht.
While the week averaged milder than usual throughout nearly the
whole country, the latter part was decidedly cool, with light to heavy
Total week
1,293,852 2.161.093 161,687
Same time 1905- . 203,505 2,227,131 110,987
Baltimore
Newport News.
N<\w Orleans
.
42,484
Cialvcston
105.173
Mobile
.lohns,
406..332
9.4.50
N,
B
456,601
42.856
28.634
18.215
4.605
1.200
7.189
20,758
I'cns
bush.
5,062
24.969
25'. 119
255,000
sisfi
21,057
380,867
380.867
1,200
1.200
1
'
20.000
_
..
.
..
84
816
,3.50
92,.501
17.092
10.684
986.625
22.174
10.109 142.,553
70.185
16.e4»
12.477
THE CHRONICLE.
944
w eek and
The destination
July
1905
1
is
of those exports for the
as below:
Flour
Exports 1or week and
niiiccjuli/
1 to
Apr
July
Corn-
1905.
bOls.
—
\i
I>lils.
.
Unllod Klniidom... 100,834 4,894. IfiO
8,271 1,775,752
5S1,142
.3..S55
W.sl IrullPS
30,598 1.022,749
120,490
Urn. .\n. Am. Cols.
4,840
251,292
.289
Other c'ouiiirics
•
CoiiMiicnt
So, ;iM(l ("put. Araet
•
Since
Since
Week
1
Apr.
July
Week
1
\i.
bush.
1.0.30,904
hUKli.
.SO,?.!!).!.'')'.)
251,4.55 13,190.122
I90,S2.S
5.433
08,893
409,827
July
Apr. 14
1905.
1
1
1905.
Ijush
bush
081,723 43 ,4.39,180
,237,094 54 ,099,381
432,347
89,.39S
47,228 1 ,300,052
112,899
20
140.230
105,633
161,087 8,045,597 1,293,852 44,004.829 2,101,693100,190,701
203,565 10,722,090 2,227,131 67,008,372
110,987 5,200,309
Total-Total 1904-05
The visible supjjly of grain, comprising the stocks in
granar,v at the principal points of accumulation at lake and
seaboard ))orts April 14 1906 was as follows:
Wheal,
bu.'ih
NewYork
416,000
Corn
Oats,
bush
493,000
bush.
302,000
Rye,
bush
72.000
liarley
bush
240.000
.
--
afloat
Boston
Galveston
Montreal
Toronto -.
BuHalo
120,000
97,000
279,000
177,000
307,000
220,000
42,000
689,000
l¥9.666
149.000
419,000
1.249,000
271,000
420,000
937,000
339,000
41.000
28,000
319,000
--.
Philadelphia
B.altlmore
New Orleans
218.000
'
8]666
1.36,000
186,000
44,000
33,000
'l666
38,000
364^666
86^666
4'21^060
Y6,666
afloat
Toledo ..afloat
-
103,000
l'2'9]666
10,666
r5'3^666
3,650,000
3,132.666
4,39'5^666
845^666
—
27'o'.666
501,666
'6'5,666
156,000
1,449,000
22,000
131,000
0.121,000
373,000
1,708.000
570.000
145,000
18,355.000
1,608,000
169,000
11,000
908,000
13,000
Kansas City
885,000
sYs'.ooo
Peoria
Indianapolis
157,000
20,000
167.000
138,000
1,008,000
22,000
942,000
1,058,000
832,000
Total .\pril 14 1906. -46,148,000
Total .A.pril 7 1906.. 40.322.000
Total April 15 1905.-SO.972.000
Total Anril 16 1904. .31.369.000
Total April 18 1903.. 37,271, 000
7,869,000
9,260,000
10,379,000
9,278,000
S.341,000
18,815.000
19,073.000
15,015.000
10.350.000
6.489.000
Detroit
1.000
afloat
Cbicaso
afloat
Milwaukee
366,000
afloat
Fort William
0.043.000
183,000
2,583,000
7.942,000
afloat
Port Arthur
Duluth
afloat
Minneapolis
St. Louis
afloat
On Alississippi River
On Lakes
On Canal and River
and there has been a steady demand for
denims and other coar.se, colored cotton goods, orders
Napped goods
extending beyond the next three months.
have been more freely purcha.sed and prices are steadily held.
Good dujjlicate orders have been received for cotton linings,
and the position of this market is generally satisfactory.
There has been no change in prints, which have met with a
moderate demand at last week's prices. Ginghams are well
conditioned, but have been without particular feature during
the week.
There has been a little better demand for print
cloths, particularly wide goods, which have been more freely
purchased for converters' uses. Narrow goods are slightly
firmer, but regulars are quiet at 3^c.
well .sold ahead,
ticks,
Wlieat
Since
Week
Since
[Vol. Lxxxii.
21,000
..
99,000
2,998,000
3,149,000
2.31S.000
3,007.000
1.618,000
1,998,000
2,045.000
1.227.000
1,047,000
964,000
—
WOOLEN
GOODS. Re-orders for men's wear heavyweight woolen and worsted goods are not coming in as rapidly
as had been expected, and the market generally is dull.
The trade is waiting for more definite information as to what
course the retailer is likely to pursue, and until this is known
it is not probable that business will improve to any extent.
This will probably delay matters a good deal, for there is no
doubt that the amount of goods that retailers will have to
carry over to next season \\all be heavy, and they will not
therefore be in any hurry to make up their minds regarding
the next.
The best business being done at the present time
is in mercerized worsteds, and the output of these is expected
Woolen goods have
to break all previous records next fall.
been slow, but manufacturers of these are not discouraged
and, in fact, think that the outlook is fairly satisfactory.
The market is in a strong position owing to tl:e strength of
the raw-material market, and any further advances in wool
will hurt the worsted market more than it will the woolen.
For this reason woolen goods are expected to be more freely
taken.
Graj'' overcoatings are still being called for on the
fall trade, and plain and fancy grays will be shown during
The dress goods market has been comthe coming season.
paratively quiet, but in many respects it has followed the
course of the men's wear market more closely than is usually
the case.
As in men's wear, grays have been the predomiThe
nating colors, particularly in plaid and check effects.
tendency still continues to adopt lighter weights, and from
present indications this is likely to become a more and more
pronounced feature.
FOREIGN DRY GOODS.— The demand for imported
woolen and worsted dress goods still continues, and the seaSilks show signs of improveson has been very satisfactory.
New York, Fridaij Night, April 20 1906.
ment. Ribbons have been in very good request. The linen
Business in the cotton goods market was somewhat lighter market continues strong and buyers are eagerly awaiting
during the early part of the week, but towards the close be- deliveries.
Burlaps are firm and still in small supply.
came more active, although still falling behind last week.
this, prices showed a decided hardening tendency, Importations and Warehouse Withdrawals of Dry Goods.
In spite of
and there seemed to be a greater disposition to cover requireThe importations and warehouse withdrawals of dry goods
ments during the next three months. Sellers are so well sold at this port for the week ending April 19 1906 and since
ahead that thejj' evince no particular disposition to press sales Jan. 1 1906, and for the corresponding periods of last year,
THE DRY GOODS TRADE.
more definite information is received regarding the
There have been more Southern
progress of cotton-planting.
buyers in the market than for some time, and it is expected
that a good deal of delayed business will be transacted during
the next week or so. The raw material market is being
closely watched, and its course during the week has given
Jobbers
little encouragement to buyers to delay purchases.
are making active preparations for special May sales, and the
The export
prospects are that these will be very successful.
trade has been dull, practically no inquiries having been
received from China, but a normal business transacted with
until
South American countries. Shipments to China still continue heavy, but while some manufacturers have foreign
contracts extending into March of next year, the majority of
The
orders will commence to be completed around August.
men's wear woolen and worsted market has been featureless,
and the dress goods jdivision has been quiet. -J -k-:! M
are as follows:
S
2
o
rv
3.-
s:
S3
o
^^
)(^
I
CO
0100
>;^
K*
Ind
CO cn
oooo-J-^
•:;>'^
OT O! 00 to 00
I
OiO O lO lO >>
H
— 05 CCO^Ol
C5 -J 00 1^ to
H
W to to
F-i-'
H Vj CO*. it..*.tOi^*too
O co^— ot>-^oo
O
I
o
-J 05 rf^
C5 r- r3
I
Ot r-jO
^
to
to
o ^
1
OT"rf>.
IvO
t-05
I
I
I
boo'i-'OooT
I
OTIOKI'-,^
lOCOi^l-'
I
1905
Week.
121
2,714
17
371
565
40,596
3,730
9,994
3,113
7,163
651
4,819
18,503
4.416
18,713
China
93,921
10
..13,460
India
Arabia
'.I
Africa
West Indies
..
Mexico
Central
Soutli
.\ineri(
..
.-
,.
America
Other countries
Total
The value
Jan.. 1.
l',358
565
440
28
Week.
2
—
-4 CD
5,()39
""ii
474
4,142
2,0SS
8,415
43
529
1,898
265
5,338
18,642
5,235
3,347
91,429
0}
has been
It^
New York
1
-j
g
1
cnco
1
—
OT -J ~J
in
lo 05
CO
to to C5
CO
C0>1^
O^
^
b'co"—'"vt^b
OiO~JtOcO
<3>IO
00 00
en CO Ot
^ to
780
$5,182,428 in'
?!• Standard brown drills and sheetings have been more freely
purchased for forward delivery, but these goods are easier
in tone than most otlier lines; this is a condition, however,
that would be quickly eliminated if export business developed
It is claimed that there is not the accumuto any extent.
lation of 3 and 4 j^ard sheetings that has been reported, and
business during the week has been moderately active at reTop prices have been paid for bleached goods
cent figures.
for immediate deliA^eiy, and good-sized orders have been received for shipment up to June.
Cotton ducks have been
.,
—o
OT
CO
00
00
125
exports since Jan.
1906, against $4,961,859 in 1905.
of these
Jan. 1.
265
203
40,682
O5 05O00-4
*U CO *X CO CO
oo -^ Oi
to to
to
•
•
too
00
i-Ot
M
-**
to
to
05
O to to to to
Cl^cOCO*.
00 to
i*^
OT
a 05
o
d o
ts
O
—
0>4k
-q
en
*.
I
O CO ~a OT to
^ o to —
lO*.^Q0to
toco
octo
1-03
tfc-
C5
H
o
S3S
*.0 005
01005
^o
00
-JOS >-
03^ *'=' *oS.—
to^<i Owl ^" j£ to
CO
OTCC"*. to en
!z!
05
CJi --1
—
o
H
a
:^
5 «
O Ot
.'^
*.oo 00
S
°>
Cn»».0 en 01
d
o
2:
>
2;
01 -J 05 05 05
en 01 tooo^i
0(0 OltOtO
oW
loi;»
coo;
10 — 05
oto
5
cr.
to 03 to 00 to
oto
* o to to ^
CO
05 to
I-*
o CO OO CO
a)Co*.c;tr-
-J
— OS05»lf^
— K- — Ohf 00 CO to to
—
^
— Ot O 05
coco — 05^
Ot O to CO 00
03
to to to
bbi — os"*.
C5 05
00 to
OOT
h-l
a
O
O05
I
b to
"
> ^
^ 00
> ^
05
pi
— 00
Ot
OO to 0>
CO 05 05 >— ifc.
O5C0
05
05
d o
d
S OT
o
00 Ot CO
05 03
in OT
to
1
a to
tCOOCO CD 00
CO.t^0505CO
I
•1^
Vi
1
0-4
to
0,«.
WV.JT
1
O
VI
0>
pi
^^
>
1
to J^
tOOi
30
>
aoocnoo»
to CO 05 to
OT 05 to
~J
>- to 10 to I—
iji
I
i
05 Ot *.
I
rfi.
I
Since
bi
I
I
05 Ot
to 4^
CO
o
i-*
points specified in the table below:
Neiv York to April IG.
Great Britain
Ot her European
. .
^
H
r
O
DOMESTIC COTTON GOODS.— TheTexports of cotton
goods from this port for the week ending April 16 were 18,713
packages, valued at .$916,771, their destination being ta the
Since
00
-!
3
o
S-
c
3
jSp-
--1906
I
g
3
o
".<:
!
g
^05 cnOcn
— lo ootc
^ -4 O
"75
bVi
ccos^tooo
o 03 #. -JOO^*.
^ o^ OC)i— ^-J
>
pi
en en 00
'
>o toft
's-os
00 03 coco 05
MO tOOT —
oto 05tOOi
03
I
*-3
'
to
!
o—
—o——
c>
00 en 00 <i to
CO 05 OT 00 05
to to
05 00
— M o — too to
<» O 00 ^1 M
—
*. to CO to to
— — 01 toooOTOc
to O
Ot O O! to O
M M CO ^^ —
tt^l-3
,
>-•
1
>oo
I
>*»
I
— M to —
35 —
— Ot
M M *• *."*.o:
O — M O 05 00 00 05
o CO d 03 o OT o o
Hi X.U coi;i05 0TO
O
V
H-
to 30
—'to
I
'
Ji.
I
'
\
-Vi
>l^
<I
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C
totoeo05ii^
05 4i 05
--I
en
05
Ca3
tt^
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'^i.Vi'to co"o5
^
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"^ P
OT
3-
^M*.tO— „£.—
O500tt^OlO5 «»j£
b OT -n to OT
— 00
o;
en'to
©1)^0050
o
05
>
2:
o
APR. 21
THE CHRONICLE.
1906.]
called for
News
Bank
Commerce
City.
at the National
of
in
—
Richmond City School District, Ray County, Mo. Bond
Call was made for payment April 15 at the office of
Hughes & Co., Richmond, of $1,500 6% bonds. Securities are dated Oct. 1 1887 and are numbered 32, 33 and 34.
Call.
.1. S.
Items.
—
payment
New York
\t
945
—
—
San Francisco. Cal. Earthquake. The extent of the d;un- Denomination $500.
age done by th(> earthquake which visited San Francisco and
Thayer City School District, Oregon County, Mo. Bond
other parts of Cahforuia this week cannot as yet be stated
Bond No. 3 for $500 was called for payment April 16
with any degree of exactness. San Francisco felt the shock Call.—
Bond is dated
at the American Exchange Bank in St. Louis.
at 5:13 a. m. Wednesday, April 18 1906, and its effect \vas
Oct. 16 1899.
to cause the collapse of numerous buildings and the de.strucWarsaw City School District, Benton County, Mo. Bond
But the indirect loss through fires was
tion of many lives.
vastly greater than the direct damage from the subterranean Call.—This district will redeem May 2 $4,000 5% bonds
upheaval. Owing to the lack of water, caused by the break- Nos. 1 to 8 inclusive. Denomination $500. Date April 13
Payment will be made at the Mississippi Valley Trust
ing of water mains, the lires became uncontrollable, with the 1 896.
Co. in St. Louis.
result of causing one of the largest conflagrations on record.
Reports are necessarily meagre but there appears to be no
Washington Township, Lafayette County, Mo. Bond
doubt that the greater portion of tlie city, including the Call. This township called for payment April 4 at the Misentire business section, the Nob Hill section with its pahitial s issippi Valley Trust Co. in St. Louis bonds Nos. 1 to 5 incluhomes, Chinatown, &c., have been wholly or partly de- sive dated Aug. 1 1900. Bonds bear 3J^% interest.
The loss of life is variously estimated at from .500
stroyed.
—
—
—
—
to 3.000, while the property loss will, it is stated, exceed
200 millions.
Relief measures are being activel}' pushed in all directions.
President Roosevelt, Governor Higgins and Mayor McClelian
have all issued proclamations urging relief, and similar action
has been taken by the Governors and Mayors of other States
and cities. Congress on Thursday passed a resolution
making an appropriation of $1,000,000 for the immediate
benefit of the sufferers and this measure became operati\-e
at once through the signature of President Roosevelt.
Governor Pardee of California issued a proclamation making
Thursday a legal holiday in order that the citizens of the
State might set aside their ordinary daily concerns to address
themselves to the catasti'ophe and to render aid to those in
distress
Other places in California have also severely suffered.
Several of the Leland Stanford Jr. University buildings at
Palo Alto have been destroyed, and press despatcliespeak of serious damage at Santa Rosa, Brawle3^. Alameda,
At
Palo Alto, Berkeley, Sahnas, Stockton, San Jose,.&c.
Los Angeles shock.s also occurred, but without doing any
material harm.
—
—
—
The
Chicago, 111. West Chicago Park Bonds Valid.
State Supreme Court on April 16 handed down a decision
small park and the $1 ,000,holding vahd the $1,000,000
impi-ovcmcnt and maintenance bonds offered but
000
See V. 82 p. 882.
not sold on March 21 1906.
Rond Proposals and
—
Oregon. Bonds and Warrants Taxable.
taken from the Portland "Oregonian":
— The
—
is
o"l)inion as follows:
am
of the opinion that under the pro"In the li^ht of the .above authorities, I
visions of our Constitution and the laws enacted in pursuance thereof, all moneys
due or to become due from the State or any subdivision thereof are subject to taxation."
—
—
—
Authority vote of 893 to 51 at election held April 6.
Maturity twenty years, subject to call
Purchaser to furnish blank bonds free of
after ten years.
charge
The official notice of this bond offering loill be found among
the advertisements elsewhere in this Department.
Bond Sale.— On April 9 the $75,000
10-20-year
(optional) coupon sewer bonds described in V. 82, p. 764,
were awarded to the Trowbridge & Niver Co. of Chicago; at
Securities to
101.808, accrued interest and blank bonds.
be datecl May 1 1906. The bids were as follows:
B"OT bonds dated May 1 1906.
IMacDonald, McCoy & Co..
Trowbridge & Niver Co.,
Chicago
a/8S76,356 50
Chicago
-._a/($76,001 00
|N. W. Harris & Co., Chi-.. a7o,975 00
Minnesota Loan & Trust
Interest semi-annual.
4^%
Co., Minneapolis
aA76,030,00| Union Iny. Co.. Mimi'p'Iis. a75,917 00
For bonds dated July 1 1906.
aS76,498 001 S. A. Kean. Chicago
7jS75,150 00
a76,041 00 C. H. Coffin, Chicago
a/;75,001 00
W.J. Hayes & Sons, Cleve.
Seasongood & Mayer, Cin_.
Nuveen & Co., Chicago.Weil, Roth & Co.. Cincin.Spitzer & Co., Toledo
.1.
—
SAI.EM. ore;., .^pi-il 11. AnswcrinK a question of Assessor B. V. Kcpnoy
Lane County, :is to wlietlicr city bonds and county warrants are taxable, .AttorneyGeneral Crawford, after an exhaustive presentation of authorities, sums up his
of
wedc
interest.
.1.
following
this
have been as follows
Aberdeen, S. Dak. Bond Offering. Proposals will be received until April 30 by F. W. Raymond, City Auditor, for
$35,000 electric-light-plant bonds at not exceeding 43^%
4%
4%
Negotiations
aft75,'>17
50 F. L. Fuller
&
Co., Cleve-
land
075.00000
00 Provident Savings Bank &
Trust Co., Cincinnati
00
M. Holmes. Chicago
«75,000 00
fi .\nd blank bonds,
ah .\ccrued interest and blank bonds.
a And interest,
Adams County
a75,r>10 00
a75,44.'5
75..'575
(P.
O.
Decatur), Ind.
—Bond
Sale.
i}4% coupon West Washington
— On
No. 4
macadam road bonds and the $3,520 4}/^% coupon Decatur
and Bluffton extension No. 3 macadam road bonds described in V. 82. p. 710, were awarded to the Old Adams
County Bank of Decatur for $3,668 25 and $3,537 25 reApril 2 the $3,640
Water-Works Decision. The Supreme
Phoenix, Ariz.
Court on March 29 handed down a decision in the suit
brought by the Phoenix Water Co. to prevent the city from spectively.
The complaint of the
constructing its own water plant.
Adams County (P. O. Natchez), Miss. Bond Offering.
water companj', according to the Phoeni^; "Arizona Repub- According to local rept)rts, proposals will be received until
lican," was very lengthy and was boiled down by the Court May 7 by the Clerk of the Board of Supervisors for $92,000
to the following three contentions:
4% refunding bonds.
The first was that there was an implied contract in the Gardiner franchise that
Albion, Edwards County, 111. Bonds Voted.
Reports
the city would not engage in the water works business during the life of the franchise:
second
the building of a municipal system was an unwise enterprise and constate that this place recently authorized the issuance of
trary to the interests of the taxpayers of Phoenix, of whom the plaintiff was one;
$2,000 sidewalk-improvement bonds.
the third that the voting of the bonds had been accomplished by fraud at the registration and at the election.
Alhambra (Cal.) School District. Bonds Voted. This
All three points, it is stated, were decided in favor of th(> district on April 12 voted in favor of issuing $30,000 grammar
city.
and $5,000 high-scliool bonds.
Alma School District, Wabaunsee County, Kan. Bonds
Voted.
It is stated tliat this district on April 14 authorized
Calls and Redemptions.
the is.suance of $11 ,000 high-school-building bomis.
Andrew County School District No. 55, Mo. Bond Call.
Asbury Park, N. J. Bonds Authorized Inj Legislature.
A $500 6% bond numbered 2, dated April 1894, was called A bill authorizing this city to issue $400,000 ocean-frontfor payment April 14 at the Merchants'-Laclede National improAcment lionds has passed the Legislature.
Bank in St. Louis.
Ash Grove (Mo.) School District. Bonds Voted. It is
Carthage School District, Jasper County, Mo. Bond Call. stated that this district on April 3 authorized the issuance
Call was made for payment April 1 at the National Bank of of .$15,250 scliool-house bonds by a vote of 167 to 56.
Commerce in St. Louis of 4% bonds Nos. 31 to 40 inclusive,
Ashtabula, Ashtabula County, Ohio. Bond Sale. On
dated April 1 1899.
April 11 $3,000 5% sewer-construction and $1,050 5%
Greenfield School District, Dade County, Mo. —Bond Call. street-grading bonds were awarded to the Sinking Fund
Payment will be made May 1 at the Third National Bank Trustees at par. Denomination $200. $350 and $400.
of St. Louis of a $500 5% bond No. 6 dated May 1 1896.
Date April 1 1906. Interest April and October. Maturity
Harris County (P.O. Houston), Tex. Bonds Redeemed — from 1906 to 1910 inclusive.
The Count}' Treasurer has been instructed to redeem $12,000
Aspinwall School District, Allegheny County, Pa. Bond
jail boiuls .\os. 77 to 88 inclusive.
Denomination $1,000.
Proposals will be received until 6 p. m.. April 27,
Offering.
Henry County, Mo. Bond Call. Call was made for pay- by H. A. Stout, Secretary, Box 58, Aspinwall, for .$15,000
ment April 10 at the National Bank of Commerce in New 41/^% coupon bonds "Series F." Denomination $500.
York City of 5% bonds Nos. 421 to 436 inclusive of $500 each Date May 1 1906. Interest semi-annually at the Commeras
and Nos. 254 to 270 inclusive; of $1,000 each. These bonds cial National Bank in Pittsburgh. M.aturitv on Maj'
follows: $.500 vearly from 1908 to 1918 inclusive; $1,000
are dated .Lily 5 1887.
192S.
C,-,Lafayette County, Mo. Bond Call. This comity called yeariy from 1919 to 1927 inclusive, and $500 in
tified check for $500 required.
for payment .April 4
bonds Nos. 81 to 101 inclu.sive at
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Bond
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3J^%
tlie .Mississippi
$1,000.
Mound
Date
Vallev Tru,stCo. in St. Louis.
'l
1901.
Denomination
.Jan.
City Independent School District, Holt County,
Call.—OQ April 15 bond No. 5 for $1,000 was
Mo.—Bond
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Athens, Clarke County, Ga. Bonds Propo.'icd. It is
staled that the mat((>r of calling an election to vote on the
issuance of $40,000 school-building bonds is before the City
Council.
THE CHRONICLE.
94()
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County, Mass. Temporary Loan.
borrowed SIO, ()()() from' LawNote is
ix'nci' Barmim & Co. of lio.ston ;it 4.;W% (liscoiiiit.
dated April H) and matures Oct. 5 1900.
Bond
Atlantic Highlands, Monmouth County, N. J.
Sale.— On \\)\\\ 10 the Sli.OOO .')% la-year coupon waterworks Ixuids described in \. 82. |). iS24 were awarded to
Lawrence Banium & Co. of New York City at 10.3.7.') and
Worcester
Athol,
Tlic 'rowii 'l"rc;isuicr iccciitly
—
,
interest.
Auburn School District, Cayuga County, N. Y. -Bond
This district will vote Mav 1.5 on a proposition t(t
Election.
school bonds.
issue .Sl.50,000
.Maturity .*10,0()() yearly
—
4%
bepinniiiK in
19t).S.
Ohio. —
District,
Summit County,
Bond Ek'ction. An election will be held in tliis district April
23 to vote on the (juestion of issuinj;; .'$1.').()00 4i^% coupon
The.se .bond.sjwere voted .some time
school-building bonds.
.since and w^ere awarded on March 19 to Hayden, Miller &
Co. of Cleveland (.sec V. 82, p. 710) but were subsequently
found void V>ecau.se of a technical error in the wording of
the call for the first election.
Barberton
School
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Berthoud, Larimer County, Colo. Bond Offeriny. Proposals will be received until 1 p. in. April 24 by H. A. LoveAuthority,
joy, Town Clerk, for .$20,000 .5% water bonds.
election held Feb. 27 1906 and ordinance No. 10.5, approved
March 29 1906. Denomination $1,000. Date .June 1 1906.
Interest semi-annually at the National City Bank in New
York City or at the office of Town Treasurer in Berthoud.
Maturity fifteen years, subject to call after ten years. Certified check for $500, payable to the Town Treasurer, is required.
—
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Temporary Loan. This
Beverly, Essex County, Mass.
place recently borrowed $30,000 from George Mixter of
Boston at 4.49% discount. Note matures Nov. 1 1906.
Bonds Authorized. -According to local
Biloxi, Miss.
reports the City Council has ordered the is.suance of $15,000
refunding city-hall and $17,500 4)^% refunding
bridge bonds.
(^.Blaine County (P. O. Watonga), Okla.
Bond Sale. The
$45,000 i]/2% court-house bonds originally offered on
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4H%
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March 27, but which offering was subsequently postponed
until April 5, were awarded on that day to the First National
Bank of Watonga at 104.722. The bids were as follows:
First Nat. Bank, Watonga
S47.125 00| Denison & Farnsworth, ClevpJohn Nuveen it Co., Chicago. 47,101501 land
$46,407 00
47,031 271 MacDonald. McCoy & Co., Chic 46,276 50
M. L. Turner, Okla. City
F. L. Fuller & Co.. Cleveland- 45,910 00
R. J. Edwards. Oklahoma
City
47,027 65|W. ,J. Hayes & Sons. CleveI
Mason, Lewis
i;
Co.. Chicago. 46,507 501
land
45,416 00
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Linn County, Mo. Bonds Registered. An
issue of $4. .500 5% bonds was recently registered by the State
Denomination $500.
Auditor.
Loans Authorized. The following loans
Buffalo, N. Y.
were recently authorized:
S1,06S 4% judgment-funding bond dated April 9 1906 and maturing July
1907.
Brookfield,
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1
This bond will be taken at par by the Bailey Avenue Sewer Sinking lund.
18,180 65 491 Lamp Fund certificates dated June 1 1906.and maturing July 1 1907.
Authority Title 4, Chapter 2, Section 73 ol the City Charter as amended
by Chapter 171, Laws of 1903.
17,338 4% City Real Estate Tax Fund certificates dated June 1 1906 and maturing
July 1 1907. Authority Title 4, Chapter 2, Section 73 of the City Charter
as amended by Chapter 171, Laws of 1903.
[Vol..
lxxxll
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Ghisholm (Minn.) School District. Loan Defeated.
At
a special election held .\pril
this district defeated a proposition to Ix^rrow $60,500 for a new school building
Bond Offering.
Cincinnati (Ohio; School District.
Proposals will be recei\('(i until 12 m. May 14 bv Win. Grantman, Clerk Board of Kducation, for .$200.000'3H7c coupon
bonds.
Authority, icsolution of the Board of Education
Hi 1906.
Denomination $.500. Date day of
l)a.sse<l April
sale.
Interest semi-annually at the American Exchange
National Bank, New York City.
Maturity 40 years.
Accrued .interest to be ])aid by purchaser.
Certified check for
5% of ))oiids, ])ayable to the Board of Kducation. required.
Bond Sale. On
Cobleskill, Schoharie County, N. Y.
April 1() the $54,000 1-30-year (serial) coupon paving bonds
described in V. 82, j). 825, w(!re awarded to N. W. Harris it
Co. of New York City at 100.126 and accrued intere.-t for
3.65%. Other bidders were Lsaac W. Sherrill of Pouglikeep.sie. $,54,005 for 4%, and W.J. Hayes & Sons of Cleveland, $54,226 80 for 4%.
Coffeyville School District, Montgomery County, Kan.
Bonds Voted BondOffering. This district on Apiil 3 authorized the issuance of $35,000 20-year high-school-building
bonds by a vote of 1,017 to 922. Propo.sals for these bonds
were asked for until 8 p. m. yesterday (April 20).
At the
hour of going to press the result of this offering was no t
1
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known.
College Place School District, Walla Walla County, Wash.
April 9 $10,000 10-20-year (optional)
bonds were awarded to Morris Bros, of Portland at 103.895
for 53^ per cents.
Other bidders were S. A. Kean of Chicago
at 100.10 for 5 per cents and Wm. D. Perkins & Co. of SeatDenomination $.500. Date April 9
tle at par for 5 per cents.
1906.
Interest semi-annual.
Colorado City School District No 1, El Paso County,
Colo.
Bond Offering. ^Proposals will be received until
8 p. m. May 15 by F. F. Schreiber. Secretary, for $21,000
4/^% gold refunding bonds. Denomination $1,000. Interest
.semi-annually at the office of the County Treasurer or at the
Chemical National Bank in New Y'ork City, at option of
the holder.
Maturity twenty years, subject to call after
ten years.
Certified check for 3% of the bonds is required.
—Bond Sale.— On
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High School District,
—GoltonOffering. — Proposals San Bernardino County, Cal.
Bond
be received until 11a. m.
will
May
8 by the Board of Supervisors, L. A. Pfeiffer, Clerk, for
the $18,000 5% gold school-building bonds, mention of
which was made in V. 82, p. 711.
Denomination $1,500.
Date April 3 1906. Interest annually on April 3 at the
County Treasury. Maturity $1 ,500 yearly from 1908 to 191 9
inclu.sive.
Certified check (or cash) for 5% of the amount
bid, payable to the Chairman of the Board of Supervisors, is
required.
Columbia, Mo.— Bond Sale.— On April 18 the $30,000
water-works and electric-light bonds voted on March 10
(see V. 82, p. 711) were awarded to N. W. Harris & Co. of
Chicago at 101,01.
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Bond Bi II s.~-Chiipter 202, Laws of 1906, permits Buffalo
to issue $600,000 bonds for school purposes and Chapter 203
authorizes the expenditure of $2,500,000 to extend and im-
Comfrey, Brown County, Minn, Bond Offering. Proposals will be received until 8 p. m.. May 14, iyy the Village
Council, Oscar Erickson, President, for $5,000
waterworks bonds. Authoritj', over five-eighths of the votes cast
Securities will be dated
at an election held March 13 1906.
June 15 1906. Interest semi-annually at the State Bank of
Comfrey. Maturity $1,000 yearly on Jan. 1 from 1908 to
W. B. Brooks is Village Recorder.
1912 inclu.sive.
prove the water-works system.
Calgary Protestant Public School District No. 19, Alberta.
—Debenture Sale. —On April 9 the $90,000 43^% schoolbuilding debentures described in V. 82, p. 648, were awarded
to Geo. A. Stim.son & Co. of Toronto at 100.266 and accrued
Following are the bids:
interest.
Geo. A. Stimson & Co., TorontO-S90,240| Oldfleld. Kirby & Gardiner, WinWood. Gundy & Co., Toronto.. 90,2271 nipeg
$89,327
Dominion Secur. Co.. Toronto... 90,006 John Nuveen & Co., Chicago
89,250
Courtland, Southampton County, Va. Bond Offering.
June 1 by W. J. Sebrell
Proposals will be received until 12
Jr., Mayor, for $5,000 6% 1-5-year (serial) registered schoolDenomination $1,000. Date June 15 1906.
house bonds.
Certified check for 10%,
Interest annually in Courtland.
payable to the Mayor, is required.
No bonded debt at
present and no taxes levied, revenue being obtained from
a dispensary.
89,039
88.434
Maturity twenty years. Certified check for 2%, payable
Karl Wardrofs, City Treasurer, is reciuired.
Bonded
Assessed valuation for 1905,
debt at present, $10,800
Custer County (P. O. Custer), S. D. Bond Offering.
Proposals will be received until May 4 by W. A. Nevin,
County Auditor, for $20,000 5% 10-20-year (optional) reCertified check for 1% of the bonds, payfunding bonds.
able to the Chairman of Board of Commissioners, is required.
Dawson, Terrell County, Ga. Bonds Voted. On April 11
this town \()t(>d in favor of the issuance of $30,000 5% sewer
bonds.
Deal (Borough), N. J. Bid. We are informed that an
offer has been received from the Atlantic Coast Realtj'' Co.
for the $130,000 4% beach improvement bonds offered without success on March 30. This bid is being considered b}' the
Borovigh Council.
Bonds .\ot Vet Sold. No disposition has yet been made of
the $75,000 .sewer bonds wdiich were offered on March 30.
De Kalb County (P. O. Auburn), Ind. Bond Offering.—
Proposals will be receivctl until 2 p. m. Miiy 14 by Herman
D. Boozer, City Auditor, for $27,000 5% asylum bonds.
Denomination .$.500. Date June 1 1906. Interest annual.
Maturity: Series "A" $7,000 June 1 1907. Series "B'" $6,500
Dec. 1 1907, Series ''C" $7,000 June 1 1908 and Series ''D"'
Certified check for $810, paj^able to the
$6,500 Dec. 1 1908.
$1,209,810.
Board
Interest will be payable at the office of the City
Comp-
troller.
.
1
Canadian Secur. Co., Toronto... S9,S78|W. C. Brent, Toronto
89.8001 H. E. Smith, Montreal
Ontario Secur. Co. Toronto
Camak, Warren County, Ga.
—Bond Offering. — Proposals
will be leceived until 12 m. May 1 by J. A. Chapman, Town
gold coupon school-house bonds.
Treasurer, for $2, .500
Denomination $.500. Date May 1 1906. Interest semiMaturity on Dec. 1 as follows: $500 in 1910,
annually.
$1,000 in 1915 and $1,000 in 1920. Bonded debt, this issue.
6%
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Cambridge, Neb. Bonds Voted. The election April 3 resulted in favor of the proposition to i.ssue .$20,000 water-
works bonds.
CentraUa School
Voted.
— This
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Lewis County, Wash. Bonds
on March 24 voted to i.ssue $15,000
District,
district
school-house bonds.
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Charlevoix, Charlevoix County, Mich.
Bond Offering.
I'roposals will be received until 12 m. May 9 by H. S. Haisha,
City Clerk, for $16,000 i}^% coupon electric-light-improveDenomination $1,000. Date June 1 1906.
inent bonds.
Interest semi-annually at the office of the City Treasurer.
to
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It is reported that this
Cherryvale, Kan. Bonds Voted.
place on April 5 voted in favor of issuing $10,000 bonds in
aid of the Pittsburgh Independence <k Oklahoma Railroad.
5%
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m
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of Commissioners,
is
recjuired.
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Proposals
Delhi, Hamilton County, Ohio.
BondOffering.
will be received until 12 m. Mav 19 bv E. E. Kirkpatrick
"^street-nnprovement bonds
Village Clerk, for $3,000
4%
APR, 21 1906.
THE CHRONICLE.
J
Authority Section 2835 of the Revised Statutes and ordiDate April 5
nance passed Feb. 6. Denomination $500.
Maturity twenty years. Certi1906.
Interest semi-annual
fied check for 5% of the amount bid, payable to the Village
Accrued interest to be paid by
Treasurer, is required.
purchaser.
East LJvermore (P. O. Livermore Falls), Androscoggin
County, Me. Bonds Authorized. This town recently autliorized the issuance of 33^% 20-30-year (optional) sewerage and
school-house bonds. These bonds, we are informed, will not
be placed on the market before July.
East Pittsburgh School District, Pa. Bond Offering.
Proposals will be received until S p. m. Maj' 2 by P. Mcbonds.
DenominaGla.shan, Secretary, for $35,000
Intere.st April 1 and Oct. 1 at the East Pittstion $500.
burgh Savings & Trust Co., East Pittsburgh. Maturity on
April 1 as follows;
$500 yearly from 1909 to 1917 inclusive',
$1,000 yesiriy from 1918 to 1925 inclusive and $2,500 from
1926 to 1934 inclusive. Certified check for $1,000, payable
to P. W. Morgan, Treasurer, is recjulred.
Edinburg, Shenandoah County, Va. Bond Election. On
April 26 a propo.sition to issue $20,000 20-30-year (optional)
water-wojks bonds at not exceeding 4% interest will be submitted to the voters.
Eldorado, Saline County, 111. Bonds Defeated. ^This city.
it is stated, recently defeated a proposition to issue $12,000
bonds.
Bond Offering. ProElizabeth, Allegheny County, Pa.
posals will be received until 7:30 p. m. April 23 by the Borough Council, F. C. McGinley, President, for the $20,000
43^% coupon sewer bonds voted on Feb. 20. Denomination
Date May 1 1906. Interest semi-annually at the
$1,000.
Chase National Bank in New York City. Bonds are exempt
from State tax. Each bid must be accompanied by a certi-
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4^%
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fied
—
check
Ellis
County
(P.
Waxahatchie), Tex. —Bond Sale.
O.
—The
State Comptroller on April 13 registered the $78,000
refunding court-house bonds mentioned in V. 82, p. 649.
Securities are dated April 10 1906.
Maturity $6,000 on
April 10 1907 and $8,000 yearly from April 10 1908 to
These bonds have been .sold.
April 10 1916 inclusive.
4%
Elyria, Ohio.— Bond Sale.— On April 17 the $15,000 4i/^%
4-8-year (serial) coupon paving bonds described in V. 82,
p. 711. were awarded to Hoehler & Cummings of Toledo at
The following bids were received:
103.363.
Hoehler & C\iinmin2S, Toledo SI 5.504 50 Otis & Housh. Cleveland
$15,475 50
Denison & Fainsworth, Cleve. 15.500 001 W. W. Boynton, Elyria
15,410 00
F. L. Fuller * Co., Cleveland, 15.498 001 New First National Bank, C;oI
Lamprecht Bros. &Co..Cleve_ 15,477
751
lumbus
15,375 00
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Greenesville County, Va.
Bond Offering.
Proposals will be received until May 1 by John R. Grizzard.
Town Clerk, for $5,000
gold coupon water and sewersystem bonds. Denomination $1,000. Interest May and
November at the Merchants & Fai'mers Bank in Emporia.
Bonded debt, including this i.ssue.
Maturity May 1 1936.
$35,000.
Emporia,
5%
Pa. — Bond
Emswoith (Borough), Allegheny County,
Election.— This borough will hold an election May 22 to vote
on the question of issuing $25,000 sewer-improvement,
$8,000 street-improvement and $2,000 debt-funding bonds.
Everett, Mass. Bonds Authorized.
Tliis city, we are
informed, will i.ssue $22,000 4% coupon surface-drainage
bonds. Authority Chapter 125, Acts of 1903.
Denomination $1,000.
Date June 1 1903. Intere.st semi-annuallj'
at the Winthrop National Bank in Boston.
Maturity June 1
Date of sale not yet decided.
1933.
Fannington, Franklin County, Me. Bond Sale. On
April 14 the $30,000 4% 20-year coupon water-works extension bonds described in V. 82, p. 825, were awarded to the
Franklin (bounty Savings Bank of Fannington at 101.70 and
accrued interest.
Following are the bids:
Kranklin C;ounty .Savings Bank,
N. W. Harris & Co.. Boston
$.30,321
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I
& Co., Bo-ston... 30,105
& Merrill. Portland
par
Fishkill Landing, Dutchess County, N. Y.
Bond Sale.
KarminKton
$,30,5101 E. C.
,
S. A. Kean, Chicago
On
April
IS
Stanwood
30.420 Mason
—
1
the
—
$4,000
1-8-year (serial) registered firehouse-improvement bonds described in V. 82, p. 884, were
awarded to the Mechanics' Savings Bank of Fishkill Landing
at par for 414%.
A bid was also received from Isaac W.
Sherrill of Poughkeep.sie for
bonds.
5%
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Fitzgerald, Ga.
Bond Election. The City Council has
1<> hold an election to vote on the question of issuing
iiigii-.school building bonds.
decided
$30,000
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Fort William, Ont. Debenture Sale. This town, we arc
advised, iTciitiy awarded $.50,000 4i/^% 20-year localimprovcin. nt debentures to Wdcid. Gunrly & Co. of Toronto.
Fort Worth, Tarrant County,
It
is
Tex.— Loan Authorized.—
stated that the City Couneil recently pas.sed an ordifor a loan of $35,000 from the State National
nance providing
Bank.
Fostoria, Ohio.
— Bonds Proposed. — According
to local re-
ports, the City Council has been petitioned to call an election
for the purpose of voting on a !)roposition to issue $50,000
oiectric-lighl-plant bonds.
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Frankfort (Townj, Herkimer County, N. Y. Bond Sale.
April 18 the $12,000 2-7-yeur (serial) refunding bonds
described in V. 82, p. 884, were award(>d to W. J. Haves &
Sons of Cleveland nt 100.97 and accrued interest for 43^%
<)ther bids were al.so received from .some local people.
On
947
Fremont, Dodge County, If eh. —Bonds Voted.— On April 3
a proposition to issue $10,000 5% 3-20-year (optional) waterextension bonds carried by a vote of 681 to 231
County, Mich.— Bond Election .—This
May 7 on the question of issuing
$5,000 electric-light and water-system extension bonds.
Georgetown, Brown County, Ohio. Bond Sale. This
city on April 4 awarded the $15,000 4% 19 7-12-year (average) coupon electric-light-plant bonds voted on Jan. 29 (.see
V. 82, p. 408), to Seasongood AjMayerof Cincinnati at 103.888
and accrued interest. Following are the bids:
Gaylord,
village,
it is
Otsego
stated, will vote
—
& Mayer, Cincinn-$15,583
al5,G27
& Hough, Cleveland
& Harnson, Cincinnati. 15.532
—
Seasongood
20 First National Bank-
fJtis
751
Breed
i
$15 12' 63
_
[
.50
W.R.Todd & Co., Cincinnati 15'075 00
W. J. Hayes & Sons, Cleveland 15056 00
Sec.Sav.Bk. A-Tr.Co.. Tol.- 15.452 OOi L. H. Wolte
B.B. Whiteraan, Georgetown, 15,345 201
a Bid rejected: no check enclo.sed as required.
Glen Echo, Montgomery County, Md,
The Legislature has authorized a loan
(for $1
000)
/
-
--
w
10^7 00
x,y,.<
— Loan Authorized. —
for water
and sewer
purposes.
Grand Island, Neh.—Bond Sale.— On April 11 the $35,000
5-20-year (optional) coupon electric-light-plant bonds, described in V. 82, p. 712, were awarded to W.J. Hayes & Sons
of Cleveland for $35,045 and accrued interest for 4i^ per
cents.
We are informed that no other bidders complied
with the exact terms of the advertisement.
Grand Island School District No. 2, Neb. Bond Sale
The $60,000 4i^% 10-20-year (optional) school-building
bonds awarded on Jan. 15 to N. W. Harris & Co. of New
York City, but subsequently refused by that firm (see V. 82.
p. 469), were re-awarded on April 9 to Spitzer & Co. of
Toledo.
—
—
Grand Rapids, Kent County, Mich.— Bonds Voted.— This
on April 2 voted in favor of issuing $125,000 20-year
water-work.s-extension bonds and $66,600 bridge-building
bonds at not exceeding 4% interest, payable semi-annually.
city
Miss.— Bond Offering .—Frowere asked for yesterday (April 20) by H. D. Moore,
Mayor, for the following bonds: $15,000 street-improvement,
$10,000 water-works exten.sion, $5,000 .sewer-extension and
$2, .500 city-jail.
At the hour of going to press we were not
informed as to the name of the successful bidder.
Gunnison, Colo.— Bond Sale.— On April 10 the $100,000
5% .5-1.5-year (optional) coupon water bonds described inV.
82, p. 349, were taken by the contractor, Geo. H. Sethman,
of Denver, at par.
Bonds Not Sold. We are informed that the $9,000 5%
Gulfport, Harrison County,
po.sals
—
5-15-year (optional) coupon light bonds offered on April 10
will not be issued.
Hanover Township School
—
District, Morris
County, N.
J.
—
Action Yet Taken.
We are informed that no action has
yet been taken in the matter of calling an election to vote
on the question of issuing the $40,000 school-building l)onds,
mention of which was made in V. 82, p. 1807.
\o
—
—
Henderson, York County, Neb. Bond Offering. Further
details are at liand relative to the offering on April 27 of the
•$5,000
coupon water-works bonds mentioned in last
week's issue.
Proposals for these bonds will be received
until 3 p. m. on that day by J. R. Carr, Village Clerk.
6%
Denomination
$.500.
Date
March
1
1906.
Interest
will
be {)ayable at the agency of the village in New York City.
Maturity twenty years.
Assessed valuation for 1905,
$298,000.
Henderson County (P. O. Henderson), Ky.
The Fiscal Court has decided to submit
tion.
— Bond
Electo a vote at
the (piestion of building
—
the general election next November
a new $125,000 court hou.se.
Hillsdale, Hillsdale County, Mich.— Bonds Voted.— \ak<h\
reports state that a proposition to i.ssue $60,000 funding and
water-plant bonds carried by a large majority on April 2.
—
—
Holden, Mass. Bonds Proposed. A bill is before the
Legislatun- providing for the issuance of $3,000 additional
bonds.
Honesdale, Wayne County, T&.—Bond Election.— On
May 8 this borough Avill vote on the question of issuing $30,000 4% 1-30-year (serial) street-paving bonds.
\vat(>r
Howard County, Md.
The
i.ssuance of road
lature.
—
—
Bonds Authorized by Legislature.
bonds has been authorized i)y Legis-
Independence (Kan.) School TUstrict.— Bonds Voted.—
The School Hoard was authorized to issue $55,000 schoolbuilding bonds at tlie election held April 3.
Ithaca, N. Y.
Bonds .lulhorizeil hy Legi.^lature .— This city
is authorized by Chapt(>r 215, Laws
1906, to i.ssue $75,000
bonds to retin> floating indebtedne.ss.
(')f
—
—
Bond Election. It is stated in local rethe City Council has made arrangements to submit
to a vote of the jieople tlie (juestion of i.ssuing $2.50,000
Jackson, Miss.
poiis
tliat
water bonds.
Davis County (P. 0. Hazlehurst), Ga,.— Bonds Voted.
stated that- a proposition to i,ssu(> court-iiouse bonds
carried by a small majority on April 3.
Joplin School District, Jasper County, Mo. —Bond Sate.—
On .\])v\\ 10 $5,000 4''/(, cou|)on refunding Ixuids wer(> awarded
to the Joplin National Bank of .lo|)lin at par for bonds maturing in twenty years, subject to call at any time.
Other
Jeff
-It
is
THE CHRONICLE.
948
bidders for r)-20-ycar (optional) bonds as advertised were
tlie C'on(|ueror Trust Co. of Joplin at 100. 10 and the Citizens'
State Bank of Joplin at 100.50.
Denomination $1,000.
Date April 2 ]90(). Interest .\i)ril and October at the National Jiaiik of
('<>niui('rc(> in
—
—
Adair County, Mo. Bonds Registered. The
State Auditor on April 12 registerf^l the S40,6oO 4% sewer
bonds awarded on Keh. 2G to the Wni. K. Compton Bond &
Mortj^'asje Co. of Maeon.
See V. 82, p. 587.
Lafayette, La. Bond Election.
This cit}' will vote on
Maj- 15 on the question of i.ssuing SIOO.OOO 5% various improvement bonds. As stated in V. 82, p. -349, these bonds
have been awarded to F. R. Fulton & Co. of Chicago, subject
to a favorable vote at this election.
Lakewood, Cuyahoga County, Ohio. Bonds Proposed.
The ([Ut'.'^tidn of issuing §25,000 clectric-light-iniprovcment
—
—
—
—
is
lieing con.sidered.
—
Lancaster, Ohio.
Bond Offering .—Frnpoiiiils will be received until 12 ni. May 12 by the City Auditor for $5,000
4% s(>wer bonds. Authority. Sections 2885, 2835b and 2836
Denomination $500. Date April
of the Revised Statutes.
Interest semi-annual.
Maturity April 9 1916.
9 1906.
Accrued interest to be paid by purchaser. Certified check
for 2% of the bonds bid for. payable to the City Treasurer,
Blank form of iMd mav be had upon application
required.
to Brooks E. Shell, Clerk of Council.
Laramie, Wyo. Bonds Defeated. This city on April 10
defeated a propo.sition to issue $80,000 water-improvement
bonds, the vote being 303 for and 356 against.
—
—
Lawrence County (P. 0. Deadwood), S. Dak. — Bond Sale.
— On
5%
10-20-3-ear (optional) coupon
April 3 the $25,000
court-hou.se bonds described in V. 82, p. 712, were awarded
to the Black Hills Trust & Savings Bank of Deadwood for
$26,175.
—
—
Lewiston, Fergus County, Mont. Bonds Authorized.
This city recently authorized the issuance of $35,000 5%
Denomination
10-20-year (optional) water-supply bonds.
Date of bonds and day of
Interest semi-annual.
$1,000.
sale not yet determined.
Miss.— 5o?id Sale.— On
April 10 the $10,000 5%
school-building bonds dated
O. P. Mahan Jr. & Co. of .'ackson at par. Other bidders were C. H. Coffin of Chicago at
100.60 and S. A. Kean of Chicago at 100.10. See V. 82,
p. 826, for description of bonds.
Liberty,
I
:
i
St. Louis.
Kirksville,
bonds
:
.")-20-_year (<jptional) coupon
Dec. "18 1905 were awarded to
—
—
Lima, Ohio. Bonds Authorized. The City Council, it is
stated, recently passed an ordinance providing for the issuance of $25,000 pumjnng-statioii bonds.
I
[Vol. lkkxq.
—
—
—
—
I
I
'
—
Merchantville, Camden County. N, J.
Bonds Voted.
Thi< Ixnuugh recently authorized the i.s.-uance of the sewersystem bonds mention of which was made in V. 82, p. .527,
by a \<)te of 131 to 24. Date of sale not yet determinned.
Metcalfe, Edgar County, 111.
Bonds Defeated. This
place, it is statrd. iccently defeated a propo.sition to issue
bonds for drainage jjurpo.^es.
—
Middlesborough School District, Ky. Bond Sale. On
April 16 the $12,000 6',;, l.-)-20-year (optional; high-.schoolbuilding bonds described in \'. 82, p. 766. were awarded to
the New First National Bank of Columbus for $13,560.
—
Middletown School District, Butler County, Ohio.
Bond Sate— On April 16 the $19,000 3-65' t coupon schoolbuilding-improvement bonds described in \'. 82. p. 766, were
awarded to the Merchants National Bank of Middletown
at 101.027 and accrued interest.
Following are the bids:
Merchants Nat. Hank, Mld-..SI9.I95 20 Well. Roth & Co.. Cincinnati. S19,03S 00
Sea.sonKood & Mayer, CIn
19,057 25 Ccn. Trust<Srf<afe I)ep. Co. CIn 19,011 40
W. R. Todd & Co., Cincinnati 19,055 001
All the above bidders agreed to pay accrued interest.
Minneapolis, Minn. Bonds to be Re-offered.— The City
Council recentlv passed a resolution to re-offer as 4 per cents
the .$100,000 high-school-building and $100,000 gradedschool-building 30-year bonds offered on April 12 as 33.^ per
cents without succ(\ss.
see V. 82, p. 886.
Moberly, Randolph County, Mo. Bonds Voted. It is
stated that a prop().sition to issue sewer bonds carried at the
—
—
cit}' election
—
held April 3.
Monroe, Monroe County, Mo,
—
—Bonds
State Auditor recently registered $18,000
nomination
Registered.
4%
— The
bonds.
De-
$.500.
—
Monroe County (P. 6. Woodsfieldj, Ohio.— Bond Sale.
On April 16 the $135,000 4 14% court-house bonds described in V. 82, p. 766. were awarded to W. R. Todd & Co.
of Cincinnati at
were as follows:
104.077 and accrued interest.
The bids
W. R Todd * Co., CincinnatiS140,505 00 Emory, .Vnderson & Co., ClevS139,lfi5
W. .1. Ilayc? tt SonsClev
i:59,(i9S 00 F. L. iullcr
Co.. Cleveland 1.39,075
<t Hough, Cleveland
139,576 00 New First Xat. Bank, Col.. 139,000
Denison & Farnsworth. Clev 139,388 00 Fnion Sav. Bank Tr. Co. Cin 138,900
Havden, .Miller & Co. Clev_. 139,387 0(i Seasoni-'ood & .Mayer, Cin..- 138.880
White & White. Wheeling . 139,325 001 1.amorecht Bros. & Co. Clev 138,847
Monroe Bank. Woodsfield.. 139,200 00 iN. W. Harris & Co., Chicago 138,565
00
00
00
00
00
50
00
Co., Cincinnati 139,187 00 Security Sav. Bk.&Tr. Co.Tol 138,25000
i
.
<S:
I
Otis
1
Weil Roth
i<:
bidders agreed to pay accrued interest.
The above bids were all referred t(j the Finance Committee.
.\11
—
Montgomery
— We
works
City, Montgomery Coimty, Mo.
Bond Sale.
are advised that this citj'- has sold the $5,500 waterbonds recently authorized. See ^^ 82, j). 471.
—
—
Morrisville, Lamoille County, Vt,
Bonds Proposed.
According to local reports, this village recently adopted a
resolution to issue Cady's Falls dam-building bonds.
It is
Lockhart, Caldwell County, Tex. Bond Election. It is estimated that th(> entire cost of the im))iovement will not
stated that this citj' will vote Maj- 5 on a proposition to issue exceed $50,000.
$15,000 public-school-building bonds.
Mount Vernon, Ohio. Bond Election. The City Council
Maiden, Suffolk County, Mass. Temporary Loan.
on April 9 passed an ordinance providing for an election
loan of $100,000 for .six months was recently negotiated with May 14 to vote on the c[uestion of issuing $30,000 waterworks extension bonds.
W. O. Gay & Co. of Boston at 4.38% discount.
Bonds Authorized. An ordinance authorizing the issuance
On April 16
Malta, Morgan County, Ohio. Bond Sate
the $7,000 4% coupon water-works bonds described in V. of $2,500 street-cleaning bonds was passed by the Council
on April 9.
82, p. 712, were awarded to the Malta National Bank of
Mount Vernon School District, Knox County, Ohio.
Malta at 104.142 and accrued interest. The bids were as
Bond Election. On April 24 this district will vote on the
follows:
question of issuing $90,000 school-building bonds.
M.alta National Bank, Malta -._S7. 290 001 New First National Bank. CoL. 87,087 50
Hvidolph Rleybolto &Co., Cin-- 7.150 50 Lainprecht Bros. & Co. Clev._. 7,080 50
Natchez, Miss. Bonds Proposed. AccorcHng to reports,
7,00.3 50
Woil Roth & (V).. Cinrinniiti--- 7,144 501 Havden. Miller & Co., Clev
7,1 10 50 W. R. I odd & Co., Cincinnati- 7,000 00
OtLs .t llouf-'li. CIcvclaiKl
this city is considering the issuance of $75,000 electric-lightScasongood & .Mayer, Cincinnati 7,091 25l
—
—
—
—
—
—
—
—
—
—
—
—
—
_
|
—
—
Marshall County (P, 0. Britton), S. D, Bonds Voted.
The election April 2 resulted in favor of the proposition to
issue the $40,000 5% court-house bonds mention of which
was made in V. 82, p. 651. We are informed that it is
believed by some that the election was not held in strict conformity with the law and that, therefore, the bonds were not
legally voted.
—
—
—
—
Nevada City, Nevada Coimty, Cal. Bonds Proposed.
The issuance of $20,000 street-repair bonds is being considered.
—
—
Newburgh, Orange County, N, Y. Bond Sale. On
March 30 $4,000 4% 1-10 year (serial) fire-truck bonds
were awarded to the Newburgh Savings Bank of Newburgh
Denomination $400. Date April 2 1906. Infor $4,005.
Pro-
Massillon, Stark County, Ohio. Boiid Offering.
posals will be received until 12 m. Ajiril 30 by J. U. Douglass,
City Auditor, for the following bonds:
$10 500 i'A% coupon city-hall bonds dated April 15 1900. Interest semi-annual.
Maturity 8500 each six months from Oct 15 lOOfi to Oct 15 1910 inclusive.
10 000 4K'/r coupon lire-enuine-house bonds dated Mav 1 190(>. Denomination
Interest annual.
.Maturity 81,000 yearly on May 1 from 1909 to
Sl'.OOQ.
.
plant bonds.
.
1918 niclusive.
Authority Sections 2835 and 2836 of the Revised Statutes.
Interest is payable at the First National Bank of Massillon.
Each bid must be made on a blank form furnisluid by the
City Auditor and accompanicHl by a certified check for 5%
of the bonds bid for, ])ayal)le to the City Treasurer.
Mechanicsburg, Cumberland County, Pa..— Bond Sale.
Wc are just informed that on March 15 $2,000 33^% coupon
street, sewer and fire imi)rovement bonds were awarded,
$1,000 to Kate Hoffer and $1,00;) to the Misses Titzel at
—
semi-annual.
terest
North Platte, Lincoln County, Neb.
— Bond
Offering.
—
Proposals will be received until 5 p. in. May 15 by Charles
Samelson, City Clerk, for $60,000 4% coupon water-works
bonds. Authority subdivision 15, Section 69, Article 1,
Chapter 14, Laws of 1905. Denomination $1,000. Date
1905.
Interest Juue and December at the Nebra.ska
June
Maturitj' June 1 1925,
fiscal agencv in New York City.
Certified check for 2%,
subject to ("all after June 1 1910.
payable to Albert Shuman, City Treasurer, is reciuired.
Bonded del)t, including this i,ssue, $90,000. Assessed valuation for 1905, $470,000.
Nueces County, Tex, Bonds Voted. This county on
April 7. by a vot(> of 349 to 52, authorized the Issuance of
bunds for bridge ])urposi-s.
1
—
—
—
—
Date April 2 1906. InterDenomination $.500
Bonds Xot Sold. Bond
Ontario, Malheur County, Ore.
and July 1. Maturity Jan. 1 1921.
Offering.— All bids received on Ai)ril 9 for the $20,000 to
Mercer County (P. O. Trenton), N. J. Bids. There were S2(),00() 10-20-vear (optional) coupon municipal-sewer bonds
Proposals are
were two other bidders on April 12 for the $54,900 4% 20- described in V. 82. p. 713, were rejected.
year bridge bonds tlated S(>))t 1 1905 and th(> $7,9.50 4% 30- again requested, this time for $26,000 5% ••>ewer bonds,
year bridge bonds dated Dc»c. 1 1905 awarded t>n that day and will be received until 6 j). m. April 30 by C. T. Noe, City
Denomination $500. Interest semi-annual. Mato Kountze Bros, of New York City at 102. Ki -not 192.16 Recorder.
Each
as a typographical error made it read in last \'-eek"s issue. turity twenty years, subject to call after ten years
SucTh(-y were Clark, Crannis & Lawrence of New York City at bid mu.st be accompanied bj' a certified check for $2.50.
100,77 and N. W. Harris & Co. of New York City at 101.^76. cessful bidder will be required to furnish blank bonds. Bond100.40.
est Jan.
1
—
—
Apb.
THE CHRONICLE.
21 1906.
Bond^
ed debt this issue. Assessed valuation $650,000.
will be dated May 20 1906.
Osceola, Ark.— Bonds Ready for Issuance.— We are informed that this city is now ready to issue $31,500 5% 20year water-works bonds. An issue of $34,000 water bonds
was advertised for sale March 3 but the offering was withdrawn for the time until the quantity and quality of the
water could be ascertained. See V. 82, p. 588.
Otsego Union Free School District No. 1, Otsego County,
N. Y. Bond Offering. The Board of Education will sell
at pubHc auction at the office of Arnold & Cooke in Cooperstown, at 2 p. m. Mav 15, $76,000 4% coupon school-building
Authority, Section 10, Title 8, Chapter 556. Laws
bonds
—
Denomination $1,000. Date June 1 1906. Inof 1894.
terest semi-annuallv at the First National Bank in Cooperstown. Maturity $4,000 yearly on Dec. 1 from 1907 to
Bonds are exempt from State tax. Certi1925 inclusive.
Festus Morgan,
fied check for $1,000, payable to
Secretary Board of Education, is required. The district
has no "bonded debt at present. Assessed valuation for
Wm.
1905, $1.837.2,50.
—
Kan
Ottawa, Franklin County,
pos-ils will lie recei\-ed until 8 p.
-Bond Offering. Prom. April 25 by the City Clerk
for the following bonds:
4125.000
iH
w.iter-works bonds. Maturitr S5,000 yearly from 1911 to 1920 inclusive: SG.OOO yearly trom 1921 to 1932 inclusiye and $3,000 in
1933 and thereafter.
_„,
,
,„„„ _
Maturity Sl.OOO yearly from 190S to 1932
electric-light bonds.
,
25,000
4H/t
inclusive.
Authority vote of 859 to 106 at election held April 3 1906.
Denomination $1,000. Interest semi-annually in New York
City.
Of the above bonds $80,000 is to be used for extensions and these bonds will be delivered to the purchaser only
as money is needed, it being provided, however, that all bonds
be turned over to the purcha.sers before May 1 1907.
Bonds Voted Bo7id
Steele County, Minn.
An election held March 13 resulted in a vote of
Offerinj.
661 to 555 in favor of is.suiiig $15,000 5% citj--hall and firedepartment bonds dated July 1 1906. Proposals for these
This is the second
securities will be received until May 1.
time this proposition has been submitted to a vote, the first
election held on Sept. 26 having been declared illegal by the
Court.
Oyster Bay School District No. 5, Nassau County, N. Y.
Bond Sale.— On April 18 the $48,000 4% 1-24-year (serial)
coupon school-builcUng bonds described in V. 82, p. 827,
were awarded to N. W. Harris & Co. of New York City at
100.653 and accrued interest. Other bidders were W. J.
Hayes & Sons of Cleveland at 100.24 and O'Connor & Kahler
will
—
—
Owatonna,
—
—
of
New York
Pass
City at 100.11.
Christian,
Miss.
—Bond
Sale.
— On
April
17
the
5%
coupon school-building bonds described in V.
82, p. 767, were awarded to the Home Bank of Pa.ss Christian
A bid of $25,341 was also reat 103 and accrued interest.
ceived from C. H. Coffin of Chicago; also bids from S. A.
Kean and Farson, Son & Co. of Chicago, which, however,
were not considered, as the}' were not. it is stated, accompanied by a certified check lis required.
Perry School District, Los Angeles County, Cal. Bond
On April 9 $3,500 5% 5-8-year (serial) building bonds
Sale.
were awarded to the American Bank & Trust Co. of Pasadena
$25,000
—
—
949
paving and improvement bonds voted Nov. 27 1905. Denomination $1,000. Date July 1 1906. Interest semiannually at the First National Bank of Calumet. Maturity
on July 1 as follows: $3,000 in 1914, $12,000 yearly from 1915
Certified check for
to 1924 inclusive and $2,000 in 1925.
Purchaser
$800, payable to the Village Clerk, is required.
to paj' for printing the bonds.
Rialto School District, San Bernardino County, Cal.
Bond Offering. Proposals will be received until 11 a. m.
May 8 by the Board of Supervisors, L. A. Pfeiffer, Clerk, for
the $18,000 5% gold school-building bonds voted on March
—
—
24.
Denomination $1,000.
Date April 3 1906.
Interest
annually on April 3 at the office of the County Treasurer
Maturity $1,000 yearly from 1912 to 1929 inclusive. Certified check (or cash) for 5% of the amount of bid, payable to
the Chairman of the Board of Supervisors, is required.
Temporary Loan. Tliis citj- recently
Rochester, N. Y.
sold $207,000 2-months notes to the Bank for Savings of
—
New York
City.
Rockmart, Polk County, Ga.
—Price Paid for Bonds. — We
are informed that the price paid by the Robinson-Humphroy
electric-light-plant bonds,
Co. of Atlanta for the $6,000
mentioned in V. 82, p. 887, was par. The award was made
on March 9. Denomination $300. Date Feb. 1 1906. In-
5%
annually in January. Maturity $300 yearly on Jan. 1
Rockville Centre, Nassau County, N. Y. Bond Offering.
Proposals will be received until 7 p. m. May 1 by the Board
of Trustees at the office of George W. Rorer, Village Clerk,
for $7,000 electric-light bonds at not exceeding 4% interest.
.\uthoritv vote of 72 to 37 at election held March 20 1906
Denomination $1,000. Date June 1
(see V. 82, p. 714).
Interest semi-annually at the Bank of Rockville
1906.
C nitre. Maturity $1,000 yearly, beginning in 1913. Certified check for $500, payable to Bergen T. Raynor, Village
Treasurer, is required.
SaUna, Ka,n.— Bond Sale.— On March 19 $60,000 5%
1-10-year (serial) paving bonds were awarded to Spitzer &
Denomination $1,000.
Co. of Toledo at 101.30.
Bonds Voted. The issuSalina (Kan.) School District.
ance of school-building bonds was authorized at the election
held April 3.
Shaw, BoUvar County, Miss. Bonds To Be Offered.
We are advised that this place will offer some time in Maj'
Authorit}-,
$27,000 5% gold coupon water and light bonds.
Sections 3014 to 3017 inclusive, Chapter 93, Code of 1892.
Denomination 20 bonds of $100 each and 50 bonds of $500
each.
Date May 10 1906. Interest semi-annually at the
Maturity
National Bank of Commerce in New York City.
$100 yearly for 19 years and $25,100 in twenty years. No
bonded debt at present. Assessed valuation for 1905,
terest
.
—
—
—
—
—
—
$.506,681.
—
Shawnee, Okla,.— Bonds' Voted. Local reports state that
the propositions to issue $15,000 school and $78,000 sewer
bonds carried at the election held .\pril 3.
Shiawassee County (P. O. Corunna), Mich.
— The
—Bonds
De-
election April 1 resulted in the defeat of the
proposition to issue the $61,000 court-house-loan and the
$39,000 refunding floating-debt bonds, mention of which
was made in V. 82, p. 652.
feated.
—
Smithville School District, Bastrop County, Texas.
Bonds Voted.— The $20,000 o^'c 10-40-year (optional) schoolPasadena
geles
3,63200 building bonds mentioned in V. 82, p. 652, were authorized
-3,640 00
3,626 00
Oakland Bank of Sartngs, Oak|J. W. Phelps, Los Angeles
on April 3 by a vote of 162 to 19.
land -.3,637 551 Wm.R. Staats Co., Pasadena-- 3,576 00
South Deerfield (Mass.) Water District. Bonds Proposed.
Denominations, three bonds of $1,000 each and one bond
This district seeks legislative authority to issue $5,000
for $500.
Date April 9 1906. Interest annual.
additional water bonds.
Portsmouth, Ohio.— Bond Sale.— On April 17 the $83,000
South Omaha, Neb. Bond Offering. Proposals will be
3.05% coupon refunding water- works bonds described in
V. 82, p. 767, were awarded to the First National Bank of received until 8 p. m., April 30, by John J. Gillin, City Clerk,
Portsmouth at 100.55 and accrued' interest. Following for the $250,000 coupon sewer bonds voted on Feb. 15 (see
V. 82, p. 473). Bonds to bear interest at not exceeciing
are the bids:
Authority, Ordinance No. 1441 and Chapter 22,
First Xat. Bank, Portsmouth -$83, 456 50 Seasongood & Mayer. Cincin. -$83,300 00
Union Sav. Bk. & Tr. Co., Cin. 83,310 OOlCentral Union Tr. Co., Clncln. 83,290 00 Session Laws of 1905.
Denomination $500. Date May 1
Well, Uoth it Co., Cincinnati. 83,302 40l
1906. Interest semi-annually at the fi.scal agency 'of Nebraska
Prosser (Wash.) School District. Bonds Voted. This in New Y''ork
Maturitj' twenty years, subject to call
City.
district recently authorized the i.ssuance of $12,000 building
after five years.
An unconditional certified check on a
bonds bj' a vote of 85 to 30.
national bank (or cash) for $3,000, payable to the City of
Providence, R. I.— Description of Bonds. The $300,000 South Omaha, is required.
Accrued interest to be paid by
school bonds recently authorized by the City Council will purchaser.
carry 3}^% interest and will be payable in gold.
Securities
South Pasadena City H gh School District, Los Angeles
willbe dated June 1 1906. Interest semi-annually at the
County, Cal. Bond Offering
Proposals wi
be received
National City Bank in New York City.
Maturity June 1
until 2 p. m. April 30 by the Board of Supervisors, C. G.
1936.
Kcyes, Clerk, for $65,000 4J^% school bonds. DenominaPuyallup, Wash. Bond Sale. It is stated that an issue tion $1,000.
Date April 30 1906. Interest annually at the
of $33,000 6% water-supply bonds has been sold to the Board County Treasurer's office.
Maturity $1,000 on April 30
of State Land Commissioners.
1910 and $4,000 yearly from April 30 1911 to April 30 1926
Red Cloud, Webster County, Neb. Bond Offering. Pro- inclusive. Each bid must be accompanied by a certified
posals wilL Ijc received until 8 p. m. April 26 by J>. H. Ford, check for 3% of the bonds bid for, payable to the Chairman
City Clerk, for $10,000 4}^% gold registered electric-light of the Board of Supervisors.
bonds.
Denomination $500. Date April 1 1906. Interest
Spalding County (P. O. Griffin), G&.— Bonds Defeated.
annually in April at the fiscal agency in New York City.
The proposition to issue the $65,000 43^% court-house
Maturity twenty years, subject to call after five years. Cer- hnnds
m(>nti()ned in V. 82, p. 652, failed to carry on April 3.
tified check for $500, payable to the City Treasurer, is reSpringfield, Greene County, Mo.
Bonds Defeated
quired.
Bonded debt, including this issue, $36,000. Asproposition to i.ssue $20,000 stre(>t-improvement bonds was
sessed valuation for 1905, $202,lS(i.
Red Jacket, HouThton County, Mich. Bond Offering.— defeated on April 5 by a vote of 194 for to 1,070 against.
Sunnyside School District, Los Angeles County, Cal.
Proposals will be received until 8 p. m. May 1 by N. F. Kaiser
Proposals will be received until 2 p. m.,
Village Clerk (P. O. Calumet), for the $125,000 4>^% street- Bond C//cri/j^.
at 104.345.
Following are the bids:
.feTr.Co., Pasadena. $3, 652 10 W. F. Johnston, Los Angeles. -$3,633 00
Pasadena Savings & Trust Co.,
Los Angeles Trust Co., Los An-
Amcr. Bk
1
I
—
—
—
—
4H%
1
—
—
—
—
—
—
1
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—
THE CHRONICLE.
950
April 30, by the Board of Supervisors, ('. G. Kcycs, Clerk,
.«(iiool bonds.
Denomination $1,000. Date
for §12,000
Interest annually at the County Treasurer's
April 30 1906.
Maturity $1 ,000 yearly from April 30 1909 to April 30
office.
Each bid must be accompanied by a certi1920, inclusive.
fied check for
of the bonds bid for, payable to the Chairman of the Board of Supervisors.
5%
3%
—
Temple, Tex. Bond Election Illegal. The State Attorney
General has declared illegal the election held April 3 at which
the proposition to issue $25,000 5% 10-40-year (optional)
bonds for three school buildings carried almost unanimously.
See V. 82, p. 887. The Attorney General holds that the
question of issuing bonds for these three buildings should
have been submitted separately and not as one proposition.
Toledo, Ohio. Bond Sale.
We are advised that the Sinking Fund Trustees purchased during the quarter ending
March 31 $82,234 64 special assessment bonds. These bonds
were issued in small denominations for sewer, paving and
grading purposes. They mature serially every six months,
some running for five years and some ten years.
—
—
Tonawanda (Town), N. Y. Bond Compromise. We are
informed by the State (.Comptroller that, pursuant to the provisions of Chapter 307, Laws of 1900, the validity of which
Act was determined by the Supreme Court, the State has
Delaware Avenue improvement bonds
accepted $80,000
of the town of Tonawanda in lieu of $124,000 6% bonds issued years ago.
3^%
Triadelphia School District, Ohio County, W. Va. Bond
Proposals will be received until 2 p. m. May 5
by the School Bond Commissioners at the State Bank of
Elm Grove for $41,000 5% Elm Grove school bonds. Denomination $500. Date Jan. 1 1906. Interest annually at
Bonds are redeemable on
the State Bank of Elm Grove.
Jan. 1 as follows: $500 yearly from 1907 to 1910 inclusive,
$1,500 in 1911 and $2,500 yearly from 1912 to 1926 inclusive.
A cash deposit or certified check for 1% of the bonds bid for
—
Offering.
required.
—
Trimble, Dyer County, Tenn. Bonds to be Offered. This
town, we are informed, will offer in May an issue of $5,000
6% school bonds.
NEW
NEW
LOANS.
^106,000
[TOL. Lxxin.
— We
Troy, N. Y. Bond Sale Consummated.
are informed
that the $181,500
additional water bonds legahzed by
Chapter 83, Laws of 1906 (see V. 82, p. 768;, have now been
turned over to the purchasers, W.J. Hayes & Sons of Cleveland.
These bonds were awarded last November to Messrs.
Hayes & Sons, but the sale was not then consummated, as
their legality was questioned.
Chapter 83, as stated above,
legalizes these bonds and the sale has now, therefore, been
4%
concluded.
—
Bills.
Chapter 196, Laws of 1906, authorizes this
borrow $200,000 to pay floating indebtedness, while
Chapter 197 authorizes the issuance of $200,000 water- works
Bond
citj'
to
bonds.
—
Bond Offering. Proposals will be received until 12 m.
April 23 by Hiram W. Gordinier, City Comptroller, for the
following bonds:
$100,000
4%
revenue (temporary) bonds. Authority Section 96, CSiapte
Maturity Oct. 20 1900.
of 1898.
assessment bonds. Authority Section 14, Title IV,
Chapter 070, Laws of 1892,' and amendments thereto. Maturity
S,'5,28.J 81 April 23 1907 and $5,440 11 April 23 1908.
roirlstorod
IH2.
10,723 92 5^c
hawH
rei.'i.stere(l
Date of bonds April 23 1906. Certified check for 1% of
the bonds, payable to the city of Troy, is required.
Turin, Lewis County, N. Y. Bond Sale.
On April 12
$1,600 3.85% 1-4-year (serial) water-works bonds were
awarded to the Jefferson County Savings Bank of Watertown at par. Denomination $400. Date April 16 1906.
Interest semi-annual.
Union, Hudson County, N. J. Description of Bonds.
We are informed that the $8,500 43^% fire-house bonds
awarded on April 9, as stated in last week's i.ssue, to the Weehawken Trust Co. of Union County, for $8,629 51, are dated
Denomination $500. Date July 2 1906. InJuly 2 1906.
Maturity on July 2 as follows:
terest January and July.
$1,500 from 1907 to 1909 inclusive, $2,000 in 1910 and $2,000
in 1911.
The issuance of $60,000
Utica, H. Y. Bonds Authorized.
refunding bonds and $10,000 school bonds has been authorized by the City Council.
Victor, Ontario County, N. Y.
Bond Offering Postponed.
The offering of the $11,000 1-10-year (serial) bonds which
were advertised to be sold on April 14 (V. 82, p. 829) was
postponed, owing to an error in the advertisement.
—
—
—
—
NEW
LOANS.
Sis,ooo
Igl3^,000
CITY OF YONKERS CITY OF ABERDEEN Town
SCHOOL BONDS
MARYLAND,
Electric Light Bonds.
Electric Light Bonds.
is hereby given that sealed bids will be received at the oltice of the undersigned. Auditor of the
city of Aberdeen, South Dakota, at his offlce in said
OF APRIL A. D.
city, on or before the 30TH
1900, for the purchase ot thirty-five thousand dollars
in bonds of the said city for the purpose ot erecting
and maintaining a municipal electric-light-plant.
Said bonds to run twent>' years at a maximum rate of
four and one-half per cent per annum.
Interest payable semi-annually witli an option to pay the same
after ten years, the purchaser to furnish the form of
bonds to be issued without expense to the city. The
city of Aberdeen reserving the right to reject any and
Sealed bids will be received by the Mayor and Treasurer of Hyattsville, Md., up to 5 P. M., APRIL 24TH,
1906, for the purchase of bonds of said town to the
amount of $12,000, for the construction of an Electric
Lighting Plant in said town.
These bonds will bear interest at the rate of 5 per cent
per annum, and will be payable thirty (30) years from
the date thereof. Principal and interest is seemed
by Chapter 74, Laws ot 1906. diUy ratilied by a vote ot
the citizens of Hyattsville.
All bids must be accompanied by a certified check
for $300, and the right is reserved to reject any or all
Notice
Sealed proposals are invited lior 8106,000 Four Per
Cent Resistered Bonds, interest payable April and
October 1.
These bonds are issued in conformity with the provisions of Chapter 543 of the Laws of 1S99, and of
resolutions passed by the C^ommon Council Nov. 27,
1905. The bonds will be dated December 15. 1905,
and will mature as follows:
April
April
April
April
April
April
April
•S15.000
815,000
1,
1,
1.
1.
1,
1,
1,
1923.
1924.
1925.
1926.
1927.
1928.
1929.
SIS, 000
815,000
815,000
810,000
The necessary papers to establish the legality of this
issue will be furnished immediately to the suoces.sful
bidder, who will be expected to take up the bonds on
April 28, 1900, which must be paid for, includins
accrued Interest to date of delivery by certified check
to the order of the Treasurer of the Board of Education,
Yonkers, N. Y.
Proposals mu.st be accompanied by a certified check
lor Ave per cent of the amount bid for, to the order
of the Treasurer, as above, and endorsed "Proposals
for School Bonds," and addressed to J. H. Claxton,
Secretary of the Board of Education, Yonkers, N. Y.
The
reserved to reject any or all bids, which
in the Board Hoom, High School Building, Wednesday, April 25, 1900, at 8 o'clock p. m.
will
rlKht
DAY
all
RUDOLF EICKEMEYER, Jr.,
SAMUEL M. STEVENSON,
4«»rt
35 Congress Street,
BOSTON.
MEMBBB8
NEW TOEK AND BOSTON
8TOOK SX0HAI7OE8.
Investment
on applloation.
CHICAGO,
Bank Bldg.
BOSTON,
Street.
NEWARK.
St..
Bouebt and ^old.
HAYES
J.
CJ.EVELAND. OHIO.
SONS,
&,
BOSTON, MASS.
OF
STOCKS
and
BONDS
EatablUbed 1883.
H. C. Speer
First
60 State
757-759 Broad
MUNICIPAL AND
POBLIC FRANCHISE CORPOEATION
BONDS
& Son
W.
Regular Weekly Saies
Trowbridge &Niver Co.
iBt Nat.
New York and Philadelphia
Stock Exchanges.
Securities.
showing price and Income
STATE* MUNICIPAL. AND HI6H GRADE Omce No. 56 Wll.VlA.Sn. STfEEET
Corner Pine Street.
RAILROAD SECURITIES.
BONDS.
Jersey Securities.
of
Private Wires to
N. Y. & Philadelphia.
HIGH GRADE BONDS
EVERY WEDNESDAY.
MUNICIPAL AND PUBLIC SERVICE
New
And other Hifh-Grade
8 Nassau Street,
YORK.
in
BANKERS,
Members
Carefully Selected
Adrian H. Muller
NEW
RICHARDSON,
EISELE & KINC,
\«'alnut Street,
O.
CINCINNATI,
MUNICIPAL BONDS
AND TREASURER.
Treasurer.
Specialists
CO.,
BANKERS,
Address MAYOR
Care ot W. H.
W. RAYMOND, Auditor.E
Albert K]eybolte& Co.,
Ftill deBorlptlone,
DAY &
bids.
S. D., April 12 1906.
F.
Committee on Finance
L.
.
bids.
Dated at Aberdeen,
is
be opened
R.
of Hyattsville,
(South Dakota)
Issued to the Board of Education
815,000
LOANS.
CITY
Nat Bank
& Sons Co
Balldlng, CUcago.
COUNTY
AND TOWNSHIP
BONOS.
liists
upon
request.
Denison & Farnsworth,
BOSTOIV audi CLEVELAND.
BONDS s^SEk certificates
Engraved on
steel or lithographed, or
partly printed and partly lithographed.
Book of 100 certiflcAtes, steel-plate
border, and seal press. $15; cheaper
styles as low as $2 60 tor a book ot 60.
ALBERT
B.
KING &
CO.,
806 Broadway, N.Y.
Apr. 21
THE CHRONICLE.
1906.1
Proposals will now be received until 12 m. May 1 by T. M.
Norton, Village Clerk, for $11,000 water-works bonds at not
exceeding 5% interest. Authority Section 128, Chapter
Denomination $1,100
414, of the Village Laws of New York.
Date May 1 1906. Interest annually on July 1. Matuiity
$1,100 yearly on July 1 from 1907 to 1916 inclusive. No
debt at present. Assessed valuation for 1905, $502,868.
Wanette, Pottawatomie County, Okla. Bond Election.
An election will be held April 24 to vote on the question of
issuing $20,000 30-year 6% water-works bonds.
Watertown, Jefferson County, N. Y. Bond Sale.—'Yha
following bids were received on April 17 for the $88,000 4%
30-year registered school bonds described in V. 82, p. 889.
W. J. Hayes & Sons, Cleveland. -10.3 .49
Jefferson Co .Sav.Bk., Watertown. 10 4. 50
N. W. Harris & Co., New York-. 104. 423|J. D. Everitt &Co., New York-.103..!75
10.3. .'7
Rudolph Kleybolte& Co., N.Y-. 104. .325 Estabrook & Co., Bo.ston
103.09
Denison & Farnsworth, Clevelandl04.177 George M. Hahn, New York
N. W. Halsey & Co., New York--103.77 A. B. Leach & Co., New York... 102 .555
—
—
—
I
000 from the Worcester North Savings Institution of Fitchburg at 4.25% discount. Maturity Dec 15 1906
Wyoming School District, Hamilton County, Ohio.
Bonds Proposed. The Board of Education will hold a meeting April 23 to con,sider a proposition to issue $8,000 highschool-building bonds.
Yazoo City, Miss. Bond Sale. On April 9 the $25,000
5% city-hall and fire-department bonds described in V. 82,
p. 769, were awarded to F. L. Fuller & Co. of Cleveland at
Following are the bids:
105.20 and accrued interest.
F. L. Fuller & Co., ClevelandoS20, 300 00 Provident Savings & Trust
Farnsworth, Clev. 026,092 50
Co., Cincinnati
Denison &
o$25,710 GO
Robinson-Humphrey Co.,
Browne-EUinwood & Co.,
a26,065 50|
Chicago
Atlanta
_
ft25,539 00
Seasongood & Mayer, Clncin. a25,792 001 W. J. Hayes & Sons, Cleve.. 25,127 00
W. RTodd &Co., Cincin... a25,750 00 O'Connor & Kahler, NY'.-. a25,102 44
I
Blodget, Merritt
Co., Boston. .103.67
Waxahachie,
Ellis
|S.
A. Kean, Chicago
County, Tex.
—Bond
101.10
Election.
— The
—
1
-
1
o
—
City School District, Jasper County, Mo. Bond
Further details are at hand relative to the offering
Offering.
on April 27 of the $20,000 4% coupon school-building bonds
mentioned in V. 82, p. 889. Proposals for these bonds will
be received until 8 p. m. on that day by J. T. Aldridge,
Denomination $500. Date
Secretary Board of Education.
June 1 1906. Interest semi-annual. Maturity twenty years
Accrued interest to be paid
subject to call after ten years.
by purchaser, who will also be required to furnish lithographed bonds. Certified check for $500, payable to J. P.
Stewart, Treasurer of the district, is required.
Bonded
Assessed valuation for
debt, including this issue, $61,000.
1904, $1,400,000.
—
Wilmington, Del. ~5ond Sale.— On April 20 the $95,000
sinking fund bonds described in V. 82, p. 889, were
awarded to the Wilmington Savings Fund Society.
4%
—
Worcester County (P. 0. Worcester), Mass. Temporary
Loan. The County Commissioners recently borrowed $25,-
—
NEW
NEW
LOANS.
#1^0,000
SELMA, ALABAMA,
water-works bonds of Selma, Alabama,
or
bids
all
water-works bonds."
is
reserved
April 6, 1906.
Selma, Ala
B.F.
will
The
right to reject
$125,000
15,000
4%
4%
Offering.
— Proposals
E. H.
Mayor.
ERVIN & COMPANY,
BANKERS,
York.
—
on May
1.
—
the advertisements elsewhere in this Department.
MWESTMENTS^
LOANS.
H. W.
NOBIE & COMPANY,
Penobscot Bldq.,
Corporation
Land-Title Bldq.
Detroit.
Philadelphia.
MUNICIPAL
AND
PUBLIC SERVICE CORPORATION
BONDS.
Chicago.
San Francisco.
Mobile City Bonds
Alabama
Blodget, Merritt
& Co
,
Concyress Street, Boston.
36 NASSAU STREET. NEW TOR.K.
16
8TATE,
cur & RAILROAD
Municipal Bonds.
171
LA SALLE STREET.
CHICAGO.
Drexel Building,
Bonds
W^lre OS your Offering.
MACAETNET & SOHLET
BANKERS & BROKERS
MOBILE, ALA.
BONDS.
FULTON & CO.,
R.
State
Dealt in by uh.
BANKERS,
^"^^ ^^°^^ Exchange,
Philadelphia Stock Exchange.
48 Exchange Place,
refor
Yonkers School District, N. Y. Bond Offering. Proposals will be received until 8p.m. April 25 by J. H. Claxton,
Secretary Board of Education, for $106,000 4% registered
bonds. Authority, Chapter 543, Laws of 1899, and resolutions passed by the Common Council on Nov. 27 1905.
Date Dec. 15 1905. Interest semi-annually on April 1 and
Oct 1. Maturity $15,000 yearly on April 1 from 1923 to
1928 inclusive and $16,000 April 1 1929. Certified check
for 5% of the amount of bonds bid for, payable to the
Treasurer of the Board of Education, required. Bonds
Accrued interest to be paid by
will be delivered April 28.
purchaser.
These bonds take the place of those awarded
on Dec. 20 to N. W. Halsey & Co. of New York City,
which sale was never con.summated.
The official notice' of tliis bond offering will be found among
ROLLINS & SONS,
DenTer.
F.
intesthieivt.
be
BOSTON.
Members P®''
BONDS FOR
will
by John. H. Coyne, Mayor,
redemption bonds. Date May 1 1906. Interest semi-annual. Maturity Feb. 1 1909.
flre-department bonds. Date Feb. 28 1906. Maturity S5,000 yearly
on April 1 from 1924 to 1926, Inclusive.
BONDS.
any
V.B.ATKINS,
City Clerk.
New
blank bonds.
—Bond
ceived until 12 m. April 25
the following bonds:
Service
be re-
,
TOLER
(
And
AND
Sealed bids for one hundred and fifty thousand dolceived till noon of the 14TH OF MAY, 1906, at which
time the bids will be opened at the office of the Mayor.
The bonds are to be issued lor the purpose of purchasing
or constructing a water-works plant, and will bear
Interest at the rate of five per cent per annum, payable
semi-annually, and will run twenty years, with a proviso
giving the City the right to retire the bonds in numerical
order alter three years from date of issue.
Bids will be
received tor the entire issue, or any part thereof, and a
certified check for ten per cent of the amount of the bid,
payable to H. I. Shelley. Treasurer, must accompany
each bid. The bonds will be coupon bonds, will be secured by a mortgage on the plant to be purchased or
constructed, will be exempt from all taxation, and
cannot be sold by the City for less than par. Bids
should be addressed to the City Clerk and marked
for
h
interest,
MUNICIPAL
Public
WATER WORKS BONDS
"Bid
And
Yonkers, N. Y.
Securities will be delivered to purchasers
ment bonds.
lars ot
—
1
City Council has called an election for April 30 to vote on
the question of issuing $10,000 5% water-system-improve-
Webb
—
—
1
&
951
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
60 State Street,
BOSTON.
Philadelphia.
Whiting Papers
MacDonald, McCoy
&
Co.,
R.A.Lancaster
4^
H UK I CIPAL AMD CORPORATION
La
Sons,
NEW YORK,
BONDS.
171
&
BANKERS,
NO. 10 WALL 8TKEET,
DKALSR8 IM
INTESTMENT
Salle Street, Chicago.
and
MISCELLANEOUS
SECURITIES.
SoKtbern Securities a Specialty.
T
B.
MUNICIPAL
POTTER,
and
CORPORATION
onKinc
oWNUO.
L.1HT
•
•
UN APPLICATION.
for General Business Uses are
Btandard, made in Ledger, Bond,
and
Linen
»Mid
Fine Writing In rariety.
WHITING PAPER
172 Washington Street,
CHICAGO,
For Fine Correnpondence
fLL§.
New
York.
Philadelphia.
Millsi Ilolroke.
CO.,
Chicago.
MaM.
MUNICIPAL AND RAILROAD
BONDS.
LIST ON APPLICATION.
SEASONGOOD & MAYER
nercantile Library Balldlnc,
CINCINNATI.
THE CHRONICLE.
952
fVOL. LXXXII.
^itmttcial
g^itiaucial.
CAPJTALAND
Surplus
OFFICE OF THE
JIQ QQQ QQQ
guarantee
Title
ATLANTIC MUTUAL INSURANCE COMPANY, andTRUST company
New York, January
The Trtutet; in eontormity
ioilh the
Charter of the
Company, submit
alJairt on the 3lst of
the tallowing
198
ataUment of iU
December 1905.
Premiums on Marine Risks from Ist January. 1905. to Slst December, 1905
Premiums on Policies not marked off 1st January, 1905
Premiums marked
off
from
less
'^^§'P§-55
99,338.33
Taxes and Expenses
$130,068.69
35,047.85
-
Street.
I'^urniahea
notes and Bills Receivable
in the
Interest.
„„„, „- „„
$395,076. 98
In Charge of Banking Intereiti.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MAR.STON.
WILLIAM
H. NICHOLS.
JA.MES H. OLIPHANT.
CHARLES
A. PEABODY.
JACOB H. SCHIFF.
JAMES SPEYER.
EDWARD O. STANLEY.
166,016.44
in
Bank
m for-
A dividend of Six per cent Interest on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatires. on and after Tuesday the Sixth of February nextThe outstanding certificates of the issue of 1900 will be redeemed and paid to the holders
which
thereof, or their legal representatives, on and after Tuesday the Sixth of February next,- from
date all interest theeon will cease. The certificates to be produced at the time of payment and
A dividend of Forty per cent is declared on the net earned premiums of the Company for the
year ending 31st December. 1906, for which, upon application, certificates will be issued on and
Tuesday the
EDWARD
May
first of
next.
O.
,
„
^
By order of the Board,
.
President.
Vice-President.
Second Vice-President,
D.
BURDICK,
Third Vice-President,
J.-.WRAY CLEVELAND.
Secretary.
ARTHUR TERRY.
PRANK
Treasurer.
SNIFFEN. Manager Brooklyn Banking
L.
Department.
THE SOUTH.
Business Opportunities, Investment
Securities, Real Estate, Timber, Illlines,
Industrial Properties, Farm or Town
Mortgages in all parts of the South.
METROPOLITAN INVESTMENT CO
GEO. B. EDWARDS. President, Charleston, 8. C
Oommerclal and Financial Agent. Business undertaken
to all [>aita ot
a.
KELSEY
STANLEY
Manager Banking Department.
CLINTON
$12 .716.427. 62
Aggregating
after
H.
FRANK BAILEY.
ill'olf" ao
257.865.62
-
-
-
CLARENCE
1,127,674.83
----
-
hands of European Bankers to pay losses under pohcies payable
eijn countries
Cash
to Investors.
Does all Trust Company Husiness.
FINANCE COMMITTEE.
$932,380.11
Premium
Mortgages
$3.012,213.96
$80,615 .47
Returns of Premiums
Expenses, including officers' salaries and clerks' compensation, sta$374,746.88
advertisements, etc
tionery, newspapers,
TheCompany has the following Assets, vis.:
_, ,^o„^„,.„
$5,198,042 00
United States and State of New York Stock, City, Bank and other Secunties
1,583,212.84
Special deposits in Banks and Trust Companies-..
$4,299,000.00
Real Estate corner Wall and WiUiam Sts. and Exchange Place
,000 .00
4 ,374 ,000 .00
75
Other Real Estate and claims due the Company
Cash
Brooklyn Banking Dept.
$3,694,405.94
Losses paid during the year which were estimated in 1904
$271,100.60
and previous years
827,295.95 $1,098,396.55
Losses occurred, estimated and paid in 1905
Less Salvages
Re-insurances
MontBKue
Hxamines & yuaranteea Real Kiitate Titles.
Loans Money on Jiond and Mortgage.
Reeeivea Deposits sub ject to check, allowing
January, 1905, to 31st December, 1905
1st
Interest received during the year
Rent,
$2,977,854.87
616,551.67
---
Total Marine Premiums
146 Broadway, New York.
175 Remicn Street, Brooklyn.
23rd, 1900.
STANTON FLOVD-JONES,
the world.
Satistactory relerencea.
Secretary
TRUSTEES.
VERNON H. BROWN,
WALDRON P. BROWN
JOSEPH H. CHAPMAN,
GEORGE C. CLARK.
CLEVELAND H. DODGE,
CORNELIUS ELDERT,
RICHARD H. EWART,
EWALD FLEITMANN,
W. H. H. MOORE,
NICHOLAS F. PALMER
HENRY PARISH,
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKER.
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM A. STREET.
WILLIAM C. STURGES,
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
GUSTAV AMSINCK,
FRANCIS M. BACON.
JOHN N. BEACH,
WILLIAM B. BOULTON,
,
ANSON W. HARD,
MORRIS K. JESUP,
THEODORE P. JOHNSON,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL
GEORGE H. MACY,
CHARLES H. MARSHALL,
A. A. nXVEiJ, President.
CORNELIUS ELDERT, Vice-PresiderU
THEO. P. JOHNSON. 2d Fic«-Pre«dent,'
JAMESiiL. LIVINGSTON, 3d
SUPPLEMENTS
WANTED.
CHRONICLE
Investors Jan. 1901, 1902 and 1905.
Quotation Jan., Feb. and March, 1901,
Jan. and Feb., 1903.
Street Railway Feb., 1905.
Will pay 25 cents a copy for above.
Vice-President.
COMMERCIAL & FINANCIAL CHRONICLE.
761^ Pine SUeet,
BARROW, WADE, GU7HRIE & CO
CERTIFIED PUBLIC ACCOUIHTANTS.
(New York and
NEW
SAN FRANCISCO,
Mills Building.
Royal Insurance Building.
27 Pine Street
NEW ORLEANS,
Atlantic I^Iotaal Insurance Company Scrip
•t All years JBouKtat and Hold,
JOHN M. GILLESPIE,
Boom No. 518 Atlantic Building,
NEW 10 BK.
49-51 Wall Street,
DENVER, COLO.,
Exchange BIdg.
Hibernia Bank BIdg.
LONDON, ENGLAND,
18
St,
York.
Illinois.)
CHICAGO,
YORK,
New
Swithin's Lane, E. C, Cable, "Adorjest."
J.
G.
WHITE &
CO.,
Engineers, Contractors,
43-49 Exchance'.PIace, • NEW-YORK
luTestiitations and Report* on Electric
itatlway. Gas, EU-ctric Lleht, and
ThTT "P
rii^n
rTiVFPQ
^vjv nr^o
CHRONICLE
j^^^ supplements.
Price for File Covers, 50 Cents.
Posta«ye, 18 Cents.
Charo'e for Bindino' Volumes, $1 40.
JB. I>.A.I^J%. CO., P»ixl3lisliers.
PINE STREET, CORNER PEARL STREET NEW YORK.
WILLI^A^IVI
76>a
Power Transmission Properties
for Ftiiandal Ins'itntlona
and Investora.
and Electrie
Power Plants Financed, Designed and Built.
London Correspondent:
4c CO., Llmtted,
J. G.
Electric Hallways, Electric Light
WHITE
WZa Colleite Hiii. Cannon St.
Canadian Correspondents:
CANADIAN 'WHITE
CO., lilmlted,
Montreal.
Principal Flitllpplne Offire, Olanlla. P.
I.
@FedFRASER