The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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finanrial
ran id?
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section (^y^™ 69 )
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress. In the year 1904, by William
A
weekly newspaper entered at Post
VOL.
New
Office,
B. Dana Company in the oltloe of Librarian of Congress, Washington, D. C.
York, as second-class matter— William B. Dana Company, Publishers. 7614 Pine St., N. Y.
-
,
SATURDAY, APRIL
78
1
NO.
1904.
23,
2026.
Week ending April 16
^ht
(&\xxomtlz.
Clearings at
—
1904
1903.
Inc. or
1902.
Dec
1901
PUBLISHED WEEKLY.
Terms
of Subscription
—Payable
Advance
in
For One Year
For Six Months
$10 00
6 00
European Subscription (including postage)
European Subscription Six Months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (Including postage)
13 oo
7 50
£2
£1
14s.
lis.
Subscription includes following Sections—
State and City (semi-annually)
Bank and Quotation (monthly)
Railway and Industrial (quarterly) Street Railway (3 times yearly)
Boston
Providence
Hartford
130,638.148
6.697.700
2.965,878
1,985,924
1.771,844
1.050,734
1.436,470
880,945
485,830
547,426
448.074
...
New HavenSpringfield
Worcester
Portland
Kail River
Lowell
New Bedford
Holyoke
Total
I
New England-
148.908.973
147.944 44
7,465.600
3,036,373
1,931,158
1,852,412
1,773.335
1.543.844
965.922
482.074
781,136
467.399
168,243,697
—11:7
122,633.553
7.071.600
2,975.501
1,813.019
1,370.104
1,320,895
1,381.717
918.274
150,304.717
6.526,100
-300
—41
533 017
482.252
285 955
530.601
437.842
262.176
—11-5
140.786.557
172,947.351
—29
173.028.517
22,730,600
15.658.354
10,837,837
6,511.005
5,356,153
4,082.000
2.569.186
2,682,082
1,631,031
1,612,332
905.111
743.000
619,578
630,012
144,206 1192
19.183.900
12.300.471
9,145.096
6,895.848
8,708.317
8,105.050
2,863.956
1.913.345
1,422.036
1,343.413
908,008
6*1,400
47 1.448
499 084
451,532
589.687
328.344
365,452
301.200
252.631
278,735
—108
-23
+2-8
—44
-40-8
—6-9
—88
+08
2,5119
723
1.409.478
1,309.019
1.445.217
1,340 ,816
749.0(1.-.
|
Terms
of
Advertising
—Per
Chicago
Inch Space
Transient matter per inch 6pace (14 agate lines)
$4
22
29
50
87
{Two
Months
(8 times)
Three Months (13 times)
Six Months
(26 times)
Twelve Months (52 times)
L OND ON A GENTS
Edwards
20
00
00
00
0U
each.
.•
<fe
WILLIAM
Post
It.
DANA COMPANY,
Pine Street, Corner
Box 938.
Office
oi
Cleveland
Detroit
Milwaukee
Indianapolis.
Columbus.
Peoria
Toledo
Smith, 1 Drapers' Gardens, E. C, will take sub
•criptions and advertisements, and supply single copies of. the paper at Is.
Messrs.
167.911,506
24.418,930
14,766,884
10,168.552
7,213,771
6,047,445
5.100,000
2,191,077
3,409.856
1,858,277
1,832.428
1,240.626
566.700
712,842
621,652
905,332
916.827
672.003
474,805
429,109
381,754
310.104
238.317
200,912
179,533
208.605
92.126
Cincinnati
Grand Rapids
Dayton
Evansvllle
Akron.
Publishers,
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Pearl Street,
NEW YORK.
Lexington
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Rockford
Springfield.
CLEARING HOUSE RETURNS.
Ill
Youngstown
Kalamazoo
O
Bloomlngton
Quincy
Decatur.
Mansfield
Jacksonville
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the Jackson
Arbor
United States for the week ending to-day, April 23, have Ann
Total Mid. Western
been $1,932,663,951, against $1,977,313,667 last week and
San Francisco
$2,134,097,624 the corresponding week last year.
Los Angeles
Cltarinqt— Returns by Telegraph.
Week Ending April 23.
New
1904.
1903.
P. Cent
253,019.433
Seattle
Salt Lake City
Portland.
Spokane
York.
Boston
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
Seven
Other
cities, 6
cities, 5
Total
days.
days
all cities,
5 days.
All cities, 1 day
Total
The
all cities
for week.
$923,051,348
90,794,293
92,051,040
16.714,560
148,309.082
41,850,305
15,017,342
$1,073,344,168
99.650.072
101,591.296
18,435.807
143.379,210
42.947.187
10.970,326
$1,327,787,970
277,014,963
$1,490,318,066
275,097.642
1.604,802,933
327.861,018
11,765.415.708
368.681.916
$1,932,663,951
$2,134,097,624
Tacoma
Helena
Kargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
1
1
-91
— Ill
the
estimated, as we go to press Friday night.
present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, April 16, and the results for the corresponding
week in 1903, 1902 and 1901 are also given. Contrasted with
the week of 1903 the total for the whole country shows a loss
of 16-1 per cent. Outside of New York the decrease from 1903
is 7*4 per cent.
be in
Paul
Joseph.
Denver
Des Moines
Sioux City
-9o Topeka
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
full details for
mail a
St.
St.
all cases
We
Davenport
Wichita
Colorado Springs
,
Fremont
Cedar Rapids
Total other West'rn
St.
Louis
Orleans
Louisville
Houston
Galveston
Richmond.
Savannah
Little Rock.
Clearings at
Week ending April
—
1904.
New York
Philadelphia
Pittsburgh
Baltimore
Buffalo
Washington
Albany
Rochester
Scranton
Syracuse
Wilmington
Wilkes Barre
Wheeiing
Blnghamton
Greensburg.
Chester
Erie
Reading
Franklin, Pa
Total Middle....
1903.
$
.142.203.106 1,453,074.118
109,329.736
126,262,941
40,828.899
50,933.414
23,118.878
24,510.298
5,836,730
6,074,316
4.112,455
3,881.443
8,689,03
4,314.259
2,814,300
3.098,334
1,500,000
1,804,641
1,300.920
1,351,920
1,133.308
1,330.396
Inc. or
1.750.118.750 2,104.502.892
121,685.790
120.944,487
47,648,100
48.597.054
27,401,721
25,769,893
6,148.451
5.791,673
J-6-0
2,675.4(11
8,924,297
—14-5
2,745.420
3,278.611
2.651.603
2,586,752
—16-9
1,610.454
1.531.464
1,067,642
1,229,183
—152
1,053.513
1,167,497
—11-9
-19-9
—5-7
—3-9
—92
—38
+25"6
-9-0
+8-0
—19-2
1,339,453,274 1,680.083,589
—205
Not
Not
190L
$
-214
741.390
840.439
458,100
516.791
365.682
499,107
931.503
764,283
494,800
417.676
421.053
556,596
1.284,113
211,203
1902.
Dec.
Knox vi lie
Macon
16.
804,254
737,196
403,900
471.769
439,477
+151
Charleston
Chattanooga
Beaumont
Jacksonville
Guthrie
Columbus, Ga
Total Southern
4-11-5
include d in to tal.
Include d In to tal.
1.962,796,257 2,820,778,551
. .
Total all
.
Outside New York
—173
-43
-0-6
+78
+9-3
-213
—54
+56
+0
—2-6
30-9
58-7
22-5
J—0-2
—1-6
—36
—13-8
+91
—15-9
—10-6
+17-8
+17
-33
-7-0
39:5.164
611,016
587,35'
475,608
404,762
273,423
339,313
272,421
240,858
206,858
170,978
81.207
253.159.673
199,544.794
25.237.560
3.122.045
2.249,229
2.398,623
2,146,265
1,003.974
1,046,260
655,138
266,854
179.559
80,000
146 141
132.078
64.495
1.870, 803
+2-1
725 086
413, 553
279, 114
—19-8
—0-5
—0'
28,108,704
5,104.027
3,266.780
3.161,962
2.478.227
1.599.978
1,243,923
508.959
327.374
219.921
52,599 895
—20
46,019.855
38,305,507
-11-0
—5-8
19 431,365
17,848.969
8.721.719
6.494.394
4,489.799
4,439.019
4,806,343
1.602.690
1,470.088
872.624
753,839
483. 166
1,110.294
128,107
+131
+52
—7-1
+15-8
—6-0
—122
—205
—14-8
—9-3
-76
—315
—23-1
+13 9
+17-5
+29-3
-6-9
Not Include d in to
61,652.431
69.208,371 +10-9
876,078
513 454
137,274
59,167.825
15,517.237
10,964,522
6,694.579
3.478.000
3,711,242
8,951.871
4,109.924
2,740,749
2,868,477
1.757,647
1.248.454
1.500.840
-7-6
11.016,546
7,534,910
4.880.838
4,578,210
4.702,832
2.233.597
1,583,629
1,458,515
984,000
485,406
600.000
135.885
tal.
69,626,733
53.233,051
43,516,166
11,184,934
9.981,882
8.500.000
3,697.000
4,134,312
8.225,828
2.821.022
2,328.227
1,449.587
1,863 920
1,185.536
1.216.279
925,000
670.472
632.786
651,000
1.288.154
1,113.513
1,159,608
—110
-156
649 000
+1009
57.463.933
12,989.595
10.425.641
5,877.548
3.470.000
4.760.597
3.354,603
2.620,976
2.528,699
1,645.460
1.579.009
1.229.370
1,227.587
007,169
1,020.410
787,416
627,000
+8-7
981.654
+3-5
823.045
+2-0
500.000
396,540 4-123-0
686.768
574.796
393,702
402.218
113.895.364
91.978.8.H2
+91
—135
+146
+3-2
+27-4
—8-3
+13-6
+206
+9-2
—8-1
—32-4
+35-1
+12-
Publication discontinue d.
215,305 Not Include d in to
-0-7
122.714,061
123,628.881
1,977,313.667 2,355.443.345
-161
292,3 18
ral.
2,576.305.891 2.876.788.139
902,369,227
-7-4
826,187,141
772,285.247
20.320,441
15,864.351
4,805,335
1.579.861
2,193,089
1.278,967
1,318.195
1,127.737
946.007
932.628
770.078
14,390,653
14,800.369
3,459.508
1,798,124
1.5)2,551
1.158.275
989,697
1,064.758
751.4
853.226
282.511
+41-3
+7-2
26,340,472
21,337.390
3,196.335
1,833.412
1,834,115
1.015.476
820,261
1,235,154
782,909
18.173.376
11.959.087
+ 172-0
681.266
615927
51,145.689
40.237.703
-t-27'1
59,009,792
86.232 399j
835,110.561
Canada—
Montreal
Toronto
Winnipeg
Halifax
654.546
3U.Y30O
354,629
312,963
23.440.241
13,078.030
8,681.781
6.893.020
5.360.043
4,410,291
2,265.816
1,518 057
1.222,305
811,921
3,313.424
3.133.072
1.614.233
843.592
2.027.176
1,146.660
940.098
1,299,238
1,304,000
1,067,102
851.510
510,000
884,349
.«
691.780
577,573
548.624
475,849
436.166
344.233
357,622
218.450
238.870
200,715
177.029
78,390
261.678,912
20.864.287
12,800,114
7,621,284
5,477,590
4,569,321
4,000,000
2.093.874
1,040.721
939,726
924,380
1.029.450
063,862
127,816
4/9.703
Atlanta
Augusta
Fort Worth.
Birmingham
672.249
638.19'
61,565,495
Memphis
Norfolk
—1-6
—0-4
—12-7
864,000 —34-4
30,705. 398
6.272, 135
3.655. 427
2.819. 411
3.457, 024
2,401, 784
4,669.&5'~
Nashville
7,255,151
5,607,321
4.666,900
2.784.199
3.605.6K9
1.759.439
1,840,576
1,421.260
28,564.170
7.094.754
3.845.399
2,620,717
4.002.338
2,258.208
1.909,491
581.773
411,373
277.272
54,656.878
16.922.052
11,317.953
5.792,218
3.985.000
4.729.045
2.708,604
New
172,940 757
24,820,600
17,850 174
10,607,119
Ottawa
Quebec
Vancouver
Hamilton
St. John
London
Victoria
Total Canada
+889
—122
48
1
10-4
319
J+59
+25-9
+9-3
1
.86
-
1.540,196
807.662
802.939
THE CHRONICLE.
1464
[Vol. lxxyiii.
common
law and equity powers is competent
to enforce." The injunctions granted staying the
The leading Incidents of the week cl aster around directors' proceedings having thus been set aside, the
the litigation and decisions which have grown out of Securities stockholders met on Thursday at Hoboken,
the effort to Interpret the Intent of the United States New Jersey, under the call by the directors, and
Supreme Court's decree In the Northern Securities case. approved of their plan of distribution, a formal progeneral
THE FINANCIAL SITUATION.
Chief
among
these was the
unanimous decision of the
United States Circuit Court at St. Paul, Tuesday,
denying the application of Messrs. Harriman and
Pierce and the Oregon Short Line Railroad Company for leave to intervene In the action of the
United States against the Northern Securities Company. The purpose of the application was to prevent the distribution of the assets of the Securities
Company according to the plan formulated by the
company's directors. In specifying Jthe grounds on
which the denial was based, the Circuit Court placed
first among them the statement that "the plan of the
directors of the Securities
Company
for the distribu-
Northern and Northern
companies Is not violative of the decree
In the Northern Securities case."
On the previous day, Tuesday, Vice- Chancellor Bergen in Jersey City dismissed the application of Charles
H. Venner of Boston, President of the Continental
Securities Company, for an order restraining the stockholders of the Northern Securities Company from
holding a special meeting in Hoboken, called by the
directors of the Securities Company for the purpose
of confirming the action of said directors and distribtion of the stock of the Great
being read on behalf of the Harriman interests
and notice given of a new suit brought in New Jersey
before Justice Elrkpatrick to enforce their interests.
We do not claim to be acquainted with all the
equities attaching to this case, but we know that the
investment interests of the country cannot afford to
have a prolonged litigation over these issues, nor to have
the matter settled by the courts after a long litigation
leaving the party finally defeated with any greater grievance to nurse than is necessary. Parties who have once
been able, amid much more irritating circumstances
than now exist, to become bed-fellows in the Northern
Securities Company, can certainly find a way or make
a way for a practicable concordat to-day.
test
Pacific railway
uting the holdings of the eald Securities Company in
the Great Northern and the Northern Pacific railway
companies, &c. In denying this application the Vice-
The Wall
shown an undertone of
have been variable and most
Street market has
strength, though prices
Thursday, sagging. On the day
named the tone improved and values advanced. An
unsettled state of the relations existing between the
'eading stockholders in the Northern Securities Company, related above, and the possibility of the breach
widening, helped to restrict operations. The weather
also has been a depressing influence.
Phenomenally
low temperature, attended by strong winds and snow,
has been a feature over the northern half of the country. As the crop situation was already backward, and as
in many departments of business the absence of the
of the time, until
Chancellor said that he could not see from the arguments any reasonable grounds for an Injunction. "The ordinary spring demand and a lack of new orders
stock is an asset." "The plan of division Is fair." were a notable complaint, this re-intrusion of winter
"Each stockholder gets exactly the same percentage as conditions so late in the spring was a disappointment,
another." As this last decision was rendered by a State and by no means an encouraging circumstance. We
New Jersey,
the domicile of the Securities should add that later in the week the telegraph
Company, and as the one of the previous day was in the brings reports of better weather in the winter-wheat sec*
United States Circuit Court of Appeals the Court tions. Crop news of this variable character is for the
pronouncing the decision which the final decree of the time being to be expected; adverse reports, too, are the
court of
—
Supreme Court affirmed
—and as
each determination
seems to hold that the plan of action adopted by the
directors for distributing the assets of the Securities
Oomi any was not violative of the decree, it appears as
if the differences between the two great and every way
Important financial interests represented In this legal
contest had reached a point which ought to lead to a
speedy settlement out of court.
What should encourage the adoption of that course
is that it seems to be the suggestion of the Circuit
Court at St. Paul in its opinion accompanying its
Immediately following the conclusion that
decision.
the plaintiffs could "not intervene and import into
the case new issues to be tried," the opinion adds that
"the due enforcement of the decree does not neces
eitate such action." Nor does the Court in Its opinion
stop theie; it further declares that "if it eo happens
that the decree of this Court in favor of the Govern-
ment
creates a situation
which
shall give rise to con-
more readily believed as the spring growth has been
almost at a standstill, and the prevailing opinion is that
the winter-wheat crop will be late and not a full one.
The improvement in the stock market Thursday was
generally attributed to covering
if
among the shorts;
must have been induced by the very
true,
this,
partial
No
success had in recent efforts to depress prices.
doubt the better financial outlook in Europe, with the
decline in the official
land to 3 per cent,
We
referred
last
is
minimum
Bank
of the
of
Eng-
a condition of promise.
week in a separate
article to the
action of the St. Louis Southwestern Railway in with-
drawing from business (both passenger and freight) at
Memphis on account of an attempt to force it to
adot
t
unprofitable rates.
to report that
that the
sumed
It is gratifying to be able
the difficulty has been adjusted and
company on Monday
its
of
this
train service into the city.
week again
re-
The
we
case, as
the two railway companies ought to be distributed, or
pointed out last week, was a rather unusual one,
more particularly in the fact that it rarely happens that a railroad is so situated that it can
what should be done with such holdings, these are
questions which can be settled amoDg the stockholders themselves, who are more immediately concerned in these questions, and according to those
principles of law and equity which any court havirg
withdraw from business at an Important traffic center.
What enabled the railroad in this instance to take
action in defense of its rights was that the St. Louis
Southwestern does not operate over its own line into
Memphis but uses the line of the St. Louis Iron
troversies
Company
between
as to
stockholders
how the holdings
of
the
of that
Securities
Company
in
APK.
THE CHRONICLE.
23, 1904.|
14G5
Mountain & Southern liiilway for a distance of sixty traordinarily low figures not having led to aay conmiles from Fair Oaks to Memphis. Accordingly, all siderable shipments. The present week an agreement
that was necessary for the St. Louis Southwestern to was reached by which rates are to be restored April
do was to discontinue the use of this piece of leased road 30, and it would seem that for the present at least
and close up its passenger and freight offices in New York has succeeded in having differentials in
Memphis. The Memphis Freight Bureau charged favor of Philadelphia on ex- Lake grain from Buffalo
discrimination against Memphis in favor of Little Bock abolished. The New York llneB would not yield
and Pine Bluff. It demanded certain rate reductions in- on this point, and the matter was finally retended to place Memphis on a more favorable basis ferred to O. C. McCain, the Commissioner of
than heretofore in competiDg for traffic from local the Lake Lines Association. Mr. McCain acted, it
The merchants of Little Rock is stated, as umpire, not as arbitrator, and his ruling
points in Arkansas.
and Pine Bluff on their part protested most vigorously will hold good only until the Inter-State Commerce
against lowering rates to Memphis, threatening to Commission considers the whole matter and reaches a
In other words, Mr. McCain did not
more the St. Louis Southwestern found after careful listen to arguments, but gave a quick, off-hand
calculations that the lower rates would involve such a decision.
He decided against the continuance
serious reduction of its revenue that it would be of differential allowances to Philadelphia.
The
take
effect
April
to
30 will be
better to discontinue its train service altogether to new
rates
rates
Memphis.
in force before
somewhat lower than the
took
great
company
pains
namely
the
broke
out,
4
cents
per bushel,
The officials of
to the war
make the matter plain to those conducting the Mem- against 4 6-10 cents to Philadelphia and 5 cams to
phis Freight Bureau, but the latter, thinking the New York, on wheat and flaxseed ; 3f cents, against
out its determination 4 35-100 cents to Philadelphia and 4f cents to New
railroad would not carry
to stop running trains, felt safe in pursuing a York, on corn and rye; 3£ cents,agalnst 4 1-10 cents to
somewhat arbitrary course. It presented a memorial Philadelphia and 4£ cents to New York, on barley,
to the Memphis City Council, setting forth its case and 3 cents,agalnst 3 6-10 cents to Philadelphia and 4
against the Cotton Belt (as the St. Louis Southwest cents to New York, on oats. Allowing 2 cents as the
em is popularly known in that part of the country), L )ke rate, the charge on wheat from Chicago delivand asking the Council to require the Iron ered alongside ship in New York, Boston ard PhilaMountain to protect the city from the alleged dis- delphia will be 6 cents. Supplies of grain are so
criminations. The St. Louis Southwestern thereupon, small, however, that these changes in rates count for
in accordance with Its previously announced intention, very little and the matter derives its importance from
withdrew from Memphis. It soon became appar- the fact that it does away with a difficulty that threatent that the local authorities felt regret at the ened, if not removed, to involve the whole freight traffic
step
taken and negotiations were quickly re- of the trunk lines. It would appear from latest acsumed between the officials of the Memphis counts, too, that the differences between the roads
Freight Bureau and those of the Cotton Belt. running West and Southwest from Chicago, as conOn Saturday last these negotiations resulted in cerns grain rates, have also been settled.
an agreement whereby the whole controversy is
An Important event of the week has been the anto be placed in the hands of the Inter- State Commerce
nouncement
that New York City will on Tuesday,
Commission, and on Monday of this week, as already
This
stated, the St. Louis Southwestern re-opened its May 3d, receive bids for $37,000,000 of bonds.
offices in Memphis and again began running its trains of course is the largest amount of bonds put out by
into the city. The Inter-State Commerce Commission the city at any one time. The bonds are 34 per cents,
has decided to give a hearing in Memphis on May $32,000,000 out of the $37,000,000 being corporate
11th. According to press dispatches the Commission stock running 50 years. The bonds cover a great
declined to aot as a Board of Arbitration but has con- variety of purposes such as rapid transit, docks and
sented to inquire into the general conditions and ferries, school houses, bridges, street paving, sewmake such recommendations as it may deem proper. ers, parks, library sites, etc., etc. A complete
statement showing the amounts to be issued under
matters
each head will be found on page 1513 of our
Some other important adjustments of rate
have occurred the present week. For many weeks, as State and City Department to-day, and this makes
the reader knows, a war has been in progress among It unnecessary to rehearse the details here. In offering
the Eastern trunk lines with reference to the differ- such a large aggregate of bonds at this time, the city
ential rates allowed Pnlladelphla on grain shipments authorities are evidently desirous of availing of the
to that point.
The war was simply a revival of an old present easy condition of the money market. The
dispute which has come up time and again during the previous public sales this year (of which there have been
last 30 years, the merchants of New York contending two) foot up $13,000,000, besides which $1,606,997
The
that differential allowances in favor of the other sea- of bonds have been taken by the sinking funds.
board cities injured the grain business of this city, and further issue of $37,000,000 will make the total of
merchants at Philadelphia and Baltimore insisting just public sales thus far in 1904 $50,000,000. While
carry the matter into the courts
If
necessary; further-
conclusion.
statement to that effect, we are
The present warfare was carried to such extremes that inclined to think that there will be little, if any,
la
finally grain from Buffalo and Erie was carried for further public offerings during the current year.
merely nominal figures, such as six-tenths of a saying this we do not mean to Imply that the
cent on wheat and 35-100 of a cent on corn city will not have further need for money, but
and rye. Fortunately no great loss to the rail such amounts as may be required we should
roads resulted, as only trifling amounts of grain jadge the sinking fundi would be able to prothese ex- vide.
late,
even
The city's sinking fund?, a3 is known,
have
been
moving of
as strenuously that the differentials
must be maintained.
there
is
no
official
THE CHRONICLE.
146G
[Vol. lxxviii.
Eagland minimum rate of discount
requirements are correspondingly large. In the calen- was reduced on Thursday to 3 per cent, from 3£ per
dar year 1902 the public offerings aggregated $20,160,- cent, to which rate it was lowered in the previous
The cable reports discounts of sixty to ninety
000, while the sinking fund takings were $9,441,968. week.
were
day
bank bills in London 2± per cent. The open
In the calendar year 1903 the public offerings
$26,000,000 and the sinking fund takings $25 522,919. market rate at Paris is 2f @2£ per cent, and at Berlin
Another feature will distinguish the $37,000,000 offer- and Frankfort it Is 3 per cent. Acoordlng to our
ing on May 3d. It will be the first public sale since special cable from London, the Bank of England
the passage of the new law permitting " all or none" gained £481,605 bullion during the week and held
are
large
of
and
proportions,
their
Investment
The Bank
of
£34,540,665 at the close of the week. Our correspondThis ent further advises us that the gain was due to the
return to the situation prevailing prior to 1902 is ex- import of £106,000, of which £100,000 from Egypt
and £6,000 from Australia, to exports to South Amerpected to result in a deoided advantage to the city.
ica of £50,000, and to receipts of £426,000 n* from
disthe Interior of Great Britain.
While there was no change in official rates of
count by any of the Continental banks this week the
The foreign exchange market was generally strong
Bank of England reduced its minimum rate i of 1 per
cent to 3 per cent, following a reduction in the pre- this week, and notably so for long sterling, which was
It is noteworthy influenced early in the week by purchases for investvious week from 4 to 3£ per cent.
that not since June 1901 have there been two successive ment. It was reported on Wednesday that the date fixed
reductions in the Bank rate; on June 6 of that year by the Treasury Department for the payment of the
it was reduced to 3£ per cent, and in the following Panama Canal money will not be earlier than May 10,
week to 3 per oent. Compared with last week the thus contradicting reports that the disbursement
unofficial or open market rate in London Is i of 1 per would be effected by the end of the current month.
cent lower, while at Paris and in Germany It is un- This statement, which was regarded as authoritative,
though not official, appeared to have some influence
changed.
The statement of the New York Associated Banks upon the foreign exchange market, helping to impart
last week showed new high records for loans, deposits, a greater degree of firmness to sixty-day bankers
Loans were increased $4,- drafts. The strong tone for this class of exchange
specie and cash reserve.
741,100 reflecting corporation borrowing. There was was, however, attributed to buying of these bills for
a gain of $5,644,600 in specie and of $1,645,000 in hoarding, otherwise investment., in order to realize
legal tenders, together $7,289,600, while the required about 2f per oent interest per annum on the operaIt was strongly suspected, though, that this
reserve was augmented $2,901,400 through an increase tion.
Consequently the surplus hoarding was not solely for the purpose of realizing
of $11,606,600 in deposits.
reserve was higher by $4,388,200, carrying this item greater interest, but that it was with the obCalculated upon the basis of deposits ject of preparing for the transfer, through the
to $27,304,600.
less those of $56,191,700 of public funds, the surplus hoarded, or investment, bills of the Panama money.
The bank statement of this The reduction in the Bank of England rate also
reserve is $41,362,625.
week should reflect, among other movements, the contributed to increased firmness in sixty day bills and
Sight sterling
transfer hither from San Francisco on Tuesday of likewise in documentary exchange.
$2,811,560 gold representing Japanese yen; also the was strong until Thursday and it appeared to be
transfer hence to New Orleans of $100,000 and the ship- influenced by arbitration operations, as it was sensitive
to conditions in Paris.
The export of $1,502,653 93
ment to Europe on Thursday of $1,502,653 93 gold.
to
Havre
on
that
gold
day was followed by a slight decline
rates,
the
in
the
demand
for remittance being partially
Money on call, representing bankers' balances,
loaned at the Stock Exchange each day during the satisfied by the gold shipment. Cables were easier
early part of the week at 1\ per cent and at 1£ per after the middle of the week, there being a light
cent.
On Thursday and on Friday loans were feeely inquiry for them. There was a little better supply of
made at 1 per cent as the lowest, making the cotton bills, owing to an increased movement of the
average for the week about 1{- per cent. Banks staple from jSouthern ports and also from New York,
and trust companies quoted 1 per cent as the mini- but the offerings of these drafts were promptly abmum, though many of these institutions daily loaned sorbed. On Wednesday Lazard Freres engaged $1,at the current market rate.
Time loans were freely 502,653 93 gold for shipment to Havre by the steamer
offered, without attracting much business, at 2} per sailing on the following day ; this gold was, it was
cent for sixty and 2£ for ninety days, 3 per cent for understood, exported for Japanese account. The
four, 3±@3£ for five, 3i@3J for six, 3f@4 for seven, Assay Office paid $848,294 96 for domestic bullion.
and 4@4 per cent for eight to nine months on good Gold received at the Custom House during the week
mixed Stock Exchange collateral; some loans for $16,837.
Nominal quotations for sterling exchange are 4 86
sixty to ninety days were placed on sterling exchange as security. Commercial paper was in good for sixty-day and 4 88@4 88£ for sight. Rates for
demand, especially by Western banks, but the supply actual business on Monday were 10 points higher for
was by no means sufficient to meet the inquiry. long, compared with those on Friday of the previous
Though some choice Indorsements were sold at 3| per week, at 4 8610@4 8520, short rose 6 points to
cent, this rate was not regarded as fairly quotable; 4 8740@4 8750, while cables were 6 points lower at
the market rates were 4 per cent for sixty to ninety 4 8770@4 8775. The tone was firm, and It so conday endorsed bills receivable, 4@4^ per cent for prime tinued on the following day, when long advanced 15
and 44@6 per cent for good four to b!x months' sin- points to 4 8525@4 8535, short 6 points to 4 8745®
4 8755 and cables 10 points to 4 8776@4 8785. On
gle names.
Wednesday long rose 6 points to 4 8630® 4 8540,
bids on the condition that the bidders also present
alternative bids for all or part of the issue.
'
|
..
.
Apr.
.
..
THE CHRONICLE.
23, 1904. J
while short ieli 6 points to 4 8745@4 8750 and cables
The market was easier on
5 points to 4 8775@4 8780.
Thursday, and though long was unchanged, influenced by the reduction in the Bank of England rate.
1467
BRITISH FINANCES AND THE BUDGET.
The preparation
of the annual British
public income and expenditure
budget of
a financial event of
duplicated in any similar
is
not
Continental exchange proceeding in any other government. Its singular
10 points to 4 8766@4 8770.
The market for importance in the British governmental system has to
was firm thronghout the week.
except for long, do, no doubt, with the historical fiscal relations of
sterling was easy on Friday,
which was firm ; short and cables fell off 10 Parliament with the Crown. For a matter of nearly
three centuries, the hottest contests in the British
points.
The following shows daily posted rates for exchange Legislature have converged on the question of taxation ; and, though the field of controversy has been
by some of the leading drawers.
shifted since the ministry which frames the budget
DAILY POSTBD RATES FOX FOBBIGW EXCHANGE.
has become the actual appointee of its party in
Fri..
MON„ This, WlD.. Thctb., FBI..
Parliament, instead, as In Charles the First's time, of
4pr. 15. Apr. 18. Apr. 19. Apr. 80. Apr. 21. Apr. as.
being the actual appointee of its sovereign, neverthe86
80
86
86
8«
60 days 4 8<s*
Brown
88
88
88
88
{Sight.. 4e8
88
Brothers
less the jealous scrutiny of expedients in taxation,
86
80
86
86
86
Hariri*
60 days 4 86«
81
4
88*
88*
88*
88*
Magoun & C». Sight
88*
and the always-present possibility of unseating a
86
86
86
86
86
60 days
Bank British
88
88
88
488
88
88
Sight
No. America.
ministry on its production of an unpopular budget,
86
86
60 day* 4 85*
85*
85*
85*
Bank of
88
88
88
4e8
88
88
Sight
Montreal
have kept the fiscal side of the administration closely
86
85*
86
86*
86
Canadian Bank 60 dayi
88
88
88
188
88
88
before the eye of political controversy, and have conof Commerce.. Sight
86
86
86
86
86
Heldelbacb.lck- 16 days 4 85*
verged that watchfulness on the "Budget night"
88
88
88
488
88
88
elheimer & Co. Sight
8«
86
60 d>ys 4 85*
86
86
86
Lazard
following the expiration of a fiscal year in March.
88
88
84
88
(Sight.
488
88
Preres
86
m
Merchants' Bk. 60 days 4 86*
86*
85*
The budget problem before the British Ministry
88
88
(Sight.. 4 88
88
8e
88
of Canada
this week was in some ways less dangerous than usual,
The market closed on Friday at 4 8530@4 8540 for in others more so. The more or less unfortunate conlong, 4 8730&4 8735 for short and 4 8765@4 8760 for dition of the public finances was known beforehand,
Oommercial on banks, 4 8485@4 8495 and and the Ministry could not wholly be blamed for it.
cables.
documents for payment, 4 8425Q4 8515. Cotton for Mr. Ritchie's estimates of last year, for the revenue
short declined 5 points to 4
8740@4 8745 and
cables
peculiar character,
)
t
,
.
(
<
.
(
I
J
<
(
'
1
.
}
j
payment, 4 8426@4 8435 ; cotton for acceptance,
4 8485@4 8495, and grain for payment, 4 8510®
and expenditure of the fiscal year just closed, had not
been fortunate. The budget of last April overesti4 8515.
mated the income of the ensuing year, and still more
seriously underestimated expenditure. For the larger
The following gives the week's movement of money expenses of the year the Exchequer was not to blame ;
to and from the interior by the New York banks.
nearly $23,000,000 increase was necessitated by the
policies of Parliament.
But Mr. Bitchie measured
Week ending April
Net Interior
Movement.
Received t>v
Shipped by
N. r. Banks N. T. Banks.
92, 1904.
Gold.
Total gold and legal tenders
910,190.000
1.648.000
$4,781,000
723,000
Gain. $5,409,000
Gain.
919,000
$ll,«3i,000
$5,604,000
Gain. $6,32*,000
With the Sub-Treasury operations and the gold
exports, the result
Week ending
is
Total gold and legal tenders
The
.
1
.
Holdings.
$11,832,000
2^.900.000
$5,604,000
24,400,000
Gain. $6,828,000
Gain. 8.600,000
$38,732,000
$29,904,000
Gain. $8,838,000
amount
of bullion
European banks.
April 21. 1904.
Bank
Bank
Banks.
following table indicates the
in the principal
Net Chawje in
Out of
Into
Banks.
Banks interior movement, as above
Snb Treas. oper. and gold exports
England...
France. ...
Germany*..
Russia
Aus.-Hunt
Spain.
Italy
Netherl'ds.
Nat. Belg.'
Silver.
Total.
£
£
£
34.540,665
•6,378,260
33,342,000
86,838,000
47.368,000
14,664,000
82.120,000
5,444,30*
3,039,333
34,640,665
44,681.619 141,059,779
11.715.000 45,067.000
8.365.000
95.203,000
12.945,000
19,748,000
3.817,200
6,537,800
1,619,667
60,313,000
34,412,000
25,937,200
11,981,500
4,569,000
purpose of his budget was the remission of taxation.
The net result was a revenue $13,600,000 smaller than
the forecast of April 1903 and public disbursements
Gold.
Silver.
lo'al.
£
£
£
34,936,017
100.' 93,148
33,836,000
76,434,000
45,871,000
14,479,000
17,749,000
3,935.700
3,108,667
34,936.017
44,189.633 141.282,775
11,713,000 46,04^,000
8.363,000 84,797,000
18,975,0
20,807.000
2,275.000
6,548.200
1,55 1,3d 3
68,846,000
34,686,000
20,024,000
10,478,900
4,654,000
Tot. week.. 343,734,558 109,328,586 453,063,144 329,936,526 107,817,166 437,763.692
Tot. pre v.. 339,969.153 108,429,986 448,399,139 326,450,536 107,2 10.77c 433,661,311
* The division (between gold and silver) given la our table of ooln
and bullion In the Bank of Germany and the Bank of Belgium Is made
from the best estimate we are able to obtain In neither ease Is It
claimed to be aoeurate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and sUver, bnt we
and so
had Mr. Bitchie
figured on income and outgo that the upshot is an
actual deficit for the year of $27,000,000.
Excluding
actual war expenditure of the South African period,
this is the largest deficit in a generation, and was
particularly unfortunate in coming on the eve of
another fiscal year when plans for naval and military
closely
purposes called for $12,000,000 greater outlay than in
the year just closed.
For
April 29. 190S.
of
Gold.
—
greater by $15,000,000;
as follows.
April 21, 1904.
very imperfectly the productivity of his revised schedules of taxation
an unfortunate mistake when the
this result the
Exchequer might have been held
accountable in Parliament ; but the finances are in
other hands than they were a year ago, and Mr. Bitchie
had
broken with the Cabinet before he left
it.
This on the one hand made the situation simpler
for his successor, Mr. Austen Chamberlain.
Against
the more comfortable position thus created stood,
however, the condition of the Ministry itself. It had
come to be reoognized as a stopgap administration.
In this very matter of fiscal policy, it was not positively known who dominated it, or what its principles
definitely
actually were.
It has
certainly leaned towards the
theories of Mr. Joseph Chamberlain
supposing
those theories to be even in a small degree adopted,
the nature of the budget calculations must be radically
believe the division we make Is a olose approximation.
affected.
There was a watchful opposition, and a
t The Aaitro-Hnngarlan Bank Statement is now issued In Kronen and Heoer Instead of Gulden and Krentser. The redaction of the former ourrenoy to
discontented faction in the majority itself, ready to
sterling £ was by considering the Gulden to have the value of 60 cents. At
the Krone has really no greater value than 80 cent*, our cable correspondent In take Immediate advantage of a slip, and the Chancellor
£, has altered the basis of conversion by
London, In order to reduce Kronen
might equally miss his mark through trifling with the
Kronen by 84 instead of 80
;
dividing the
amount of
;
yet,
—
THE CHRONICLE.
J4G8
[Vol. lxxviii.
and adopting temporary make-Bhlfts, or called our ordinary expenditure." It should be needthrough announcing policies pointing in a dangerous less to remark again tha*; this increase is mainly, if
situation
not wholly, a result of lavish expenditure to prepare
aether the public's
Oa the whole, Mr. Austen Chamberlain has escaped for war which may never come.
with reasonable ease from the Parliamentary Scylla clear comprehension of the cause will eventually lead
and Charybdls. H) recognize and repairs one of the way to discovery of the remedy Mr. Rltohie's
lait year's mistakes of Mr. Ritchie, restoring one suggestion, for instance, of an international conferdirection.
W
—
—
penny out of the fourpence in the pound struck from ence to limit naval outlay is a more complex questhe income tax a year ago. Hs increases the tax on tion. It must frankly be admitted that the present
tea and tobacco, which are revenue duties not at season's incidents in the sea campaign on the coast of
all bound up in the protectionist plans of Joseph Asia do not encourage hope of early action on such a
Chamberlain, and he refuses, very wisely, the seduc. bads.
tlve scheme of once more suspending this income tax.
INVESTMENT
UNDERWRITING AS
By these expedients he hopes to produce this coming
AN
year, even in the f aca of the largely
expenditure, a surplus of some 13,600,000.
What has been most noteworthy, however, in
discussions over the situation,
is
FIELD.
increased public
Finding an investment at onoe satisfactorily
E
iglish
a note of something
adequacy of existing expedl
ents to deal with the constantly rising tide of normal
annual expenditure. What this expansion is amounting to may be fairly judged by a comparison of the
year's expenditure in three years of peace at the ends
of the two past decades 1885, 1895 and the estimate
In 1885 public disbursements footed up
for 1905.
$445,000,000; In 1895 they had risen to $469,500,000—
like misgiving ss to the
—
safe,
remunerative, and readily re-convertible into cash,
is
always difficult enough to test one's sagacity; on the
other hand
and as one explanation of the difficulty
—
the volume of capital which seeks investment steadily
new country grows old.
Government issues in such demand
Increases as a
With the few
that 2 per cants
having a quarter-century to run bring 105, the investor
must look elsewhere. State and municipal bonds in
the most important States yield say 3 to 5 per cent
net at present prices, and the highest figure is
very exceptional. Railway bonds offer a wide range
in nominal and net interest and in estimated security,
and those which the investigator thinks he most wants
are probably the highest in price and the lowest in
yield.
Bank stocks are eminently desirable and are a
quick asset; but those of the most important institutions, paying from 10 to 100 or more on par, are all
the way from 400 to 4000 In market value, the few
which rate the highest (such as the Chemical, Fifth
Avenue and New York County) having small capitals
an Increase of only $24,500,000. The estimate for the
pending fiscal year, however, is no less than $712,500,000, making the second decade's increase $243,000,000.
In the 20 years annual expenditure has been enlarged
by sixty-two per cent. This of Itself need not be
especially disquieting; In a similar period, our own
Federal expenditure has considerably more than
doubled. It Is, however, the abnormally heavy ratio
of expansion within the past few years which is
troubling English financiers. The increase of the
income tax in the present budget, though approved and large surpluses. Book -*alue of stocks and estiby all sonnd critics, reflects the situation, Such In- mated exposure to contingencies of course have a
crease has not been unusual, even in time of profound bearing upon market prices, but in general the prepeace; but the awkward fact in retrospect is that the mium exacted will keep the buyer's net return down
tax itself is already at the highest point touched, out to the dull average which we would all gladly exceed.
Mr.
Iosurance as a field for Investment has not, in our
of war-time, in the past sixty or seventy years.
judgment, received sufficient consideration. The comRitchie's four-pence reduction a year ago was per
proprieties
of plaint abont high insurance rates apparently assumes
haps quite as muoh a concession to the
the occasion relief from an undue burden when ab that capital already in the bnsiness is under some unnormal necessities had ended as it was a matter of defined obligation to write policies, and is not morsimple calculation. The somewhat unpleasant con- ally free to make Its own terms; but no such obligaclusion is, that the naval and military armament, tion can be admitted without implying that capital
even on a peace footing, is coming to play with Eng- not already in this field is somehow bound to go into it.
land a part not altogether unlike that which it has Clearly this will not stand. If a business is deemed
unattractive, capital will not go into it nor stay in it
long been playing on the Continent.
The new taxation does not bring the burden on the when voluntary liquidation offers a way of escape.
British taxpayer baok to the level of the war
but It The public need does not suffice as a motive, and that
leaves the net sum of remitted taxes very small.
The need is no more obligatory on one person than on anshilling registration duty on Imported grain was re- other.
Underwriting is no more altrulsitic than other
mitted a year ago by Mr. Ritchie, and is not restored, business; it must attract capital or it cannot keep
and the income tax is threepence lower than in 1902. capital, much less enlist more.
But Sir Michael Hicks-Beach's two expedients of 1901
The considerations which determine the desirability
the import tax on sugar and the export tax on of underwriting as a field for capital are therefore Imcoal remain, and the twopenoe increase of 1900 in portant and praotioal, and never more so than at
the tea duty is followed now by a further similar in* present. Among them are certain important facts
With all this, moreover, only a narrow margin which are too obvious to need more than the mere
crease.
of surplus Is figured out for the oomlng year.
In the first place insurance is not
It is statement of them.
evident that even Mr. Ritchie's explanation of last only a commodity but an absolute necessity; it ranks,
year, that "making peace has proved almost as as such, only second to transportation.
The decostly as making war," did not cover the case as mand for it does not depend upon custom, or
well as his predecessor's statement that "the real caprice, or circumstances which
are subject to
difficulty
before us Is not so much the cost change.
It has nothing to do with the
fash*
*
*
of the war
as the Increase of what may be ions. It cannot go out of "style," or
become
—
—
;
—
—
;
,
Apr.
THE CHRONICLE.
23, 1904. J
or
unseasonable,
be
Bubj^ct
to
1469
wnetner tne guaranty will be pioHiabla depends, as
Furthermore, demand for everything else depends, upon the management.
becoming "old stock/'
it is very little, if at all, subject to fluctuations; it
Development of business must be conservative and
constantly increases, and what is of the utmost im- careful, with most constant reference to scattering
portance in the case the demand is notoriously far risks. An example on this point, and on agency as
beyond supply, and has been for a number of years. contrasted with local underwriting, is supplied by an
As a proof and a consequence of this, the market is old but small Baltimore company which had $87,000
flooded with underwriting which lacks assets and surplus, but was caught there for $300,000 in one
" local" fire; of course it never expected such a blow,
responsibility.
As we have pointed out on a previous occasion but it left itself uncovered, and fell.
while insurance rates are unpleasant and burdensome,
The new company must have experience in its mannot
come
into
the fact that capital does
the field and agement. If it cannot command the veterans of fullbeing
wide
to unlimited est training it must look to the junior ranks, in which
the
gate
open
reduce them,
competition, proves that for the time being they are are many good men to whom a position of control
not on the whole above what the conditions of hazard might be attractive. Emphatically it must not enterrequire.
On the other hand, capital is invited in by tain the delusion that experience is not necessary; the
the fact that, subject only to the force of competition, contrary is the fact. Those who start without exthat perience will surely get it, and will pay the price.
it can make its own prices; by this we mean
insurance is not one of the things men can do without
though it cornea high, we must
if it seemB too dear
TAXATION WHICH GOMES CLOSE TO
have it.
CONFISCA 7 ION.
With, then, an article in vast and sure demand and
One of the great problems with which railroad
greatly deficient in supply, and so imperatively needed
that the public must pay whatever price is insisted corporations, and to some extent other corporations
upon, and with the field open to entrance under uni- also, have to contend, is the constantly growing tendform general laws, we have the question why does ency to increase their burdens of taxation. If we
capital stay out and yet complain of rates as extrava- may judge by the extent to which the movement has
gant and monopolistic? Taking the dozen joint- stock been oarried in various States nothing seems to be
insurance companies which stand highest, we find more popular than to add to the amounts and kinds
three paying 30 per cent in 1903, one paving 35, one of taxes levied upon railroad companies. And the
paying 60 and the others ranging from 10 to 20; their worst of it 1 8, the railroads in comparatively few cases
stocks range in the market from 170 to 800, and in have any means of redress. It is easy enough to
understand why politicians should be so enamored of
one very extreme case still higher.
Such figures as the foregoing are frequently cited methods of this kind. By enlarging the taxes of the
What railroads the amount of taxes to be borne by the indito show that rates and profits are extravagant.
they do show Is that underwriting is successful under vidual taxpayer Is correspondingly lightened, and of
proper conditions. A notable feature in part ex- course it is not in human nature for the taxpayer to
planation of the limitations imposed by what we have object to a process of that kind. There is, moreover,
called "proper conditions" ii that, as with banks, no inducement for the Legislature to placate the
dividends are largely earned by surplus. In a number roads, for a railroad cannot make its influence felt in
of years the underwriting business has actually been the way that an ordinary taxpayer can. If it had a
done at a loss, the deficiency being made good by vote the politician would seek its favor the same as he
income from accumulated securities; yet this surplus does that of other voters. Not having a vote the railwas originally made out of profits, for providing it by road has no recourse except in an appeal to the courts,
subscription is a modern idea. It has in good meas- and the courts unfortunately often fail it.
But there is a point beyond which such movements
ure been developed by moderation in dividends, as we
Illustrated recently (see Chronicle Feb. 27, page 793) cannot go without doing serious Injury to a State's
by contrasting the policy of the Greenwich and the welfare, and it would seem as if in the case of MichiGlens Falls companies. Moreover the long list of gan the limit must have been reached. In that State
retired insurance organizations upon which, as a taxes on railroad property have been fully doubled
whole, not much money was lost, and the success of under a law enacted in 1901 Act No. 173 of the Laws
of 1901.
Attention is drawn to the question at this
the best, remains as an object lesson.
Indeed, in this fact of an accumulated and accumu. time by the appearance of the annual report of the
lating surplus consists largely, we think, theseoret of Grand Rapids & Indiana Railway Co., which is one of
No new insuranoe venture the constituent properties of the Pennsylvania Railroad
successful underwriting.
should pay dividends In its early life, however prosper lines West of Pittsburgh and Erie. Extracts from this
A surplus must be report were published in our Railroad News Departous the year's business has been.
the firBt aim not provided by subscription but by ment last week, including a brief reference to the
profits. There may be a subscribed surplus, and should increase d taxes forced upon the Grand Rapids Co.
be, or a large capital; but even so, that does not meet the matter, however, is of sufficient general importance
the full condition. Only with the policy of no divi- to warrant extended reference to the subject and some
dends pursued until profits have added a considerable dl8cusBlon of it.
The new tax law was the outcome of the late Gov.
fund to meet the exceptional emergencies which will
—
deterioration
by
—
—
—
—
—
come from time
to time, can
new insurance
organiza-
tions feel assured that they have adopted a system and
reached a plane for a continuous distribution to stock-
ernor Plngree's crusade.
It
was the
reault
of his
campaign for "equal taxation." Before the new law
was passed, steam railroad companies in Michigan
—
were subject to specific taxes that is, they paid a
Of course it is to be remembered also that Insurance certain fixed percentage of the receipts of their busiThe new method provides for an assessment of
capital is exactly in the position of guarantor* mess.
holders.
:
THE CHRONICLE.
1470
the property according to
valuation by the
State
[Vol. iKxviH.
charges for interesi), of less than
Board of Assessors. How this method has operated $700,000.
The property of this little road was
Indiana
assessed by the State Board of Assessors at $10,500,000,
to increase the taxes of the Grand Rapids &
preliminary,
see.
As
shall
presently
a
the
tax rate being, as already stated, $16*553; the asRailway Co. we
however, it is well enough to point out that, nomi- sessment has now been further increased to $11,000,nally, great care was exercised in the execution of 000 with a still higher tax rate, namely $16'911 per
At least, considerable time was $1,000. We take from the report the following
the new system.
Its
(
'Ut
not fixed
spent in making extensive and expensive calculations table comparing taxes for 1902 computed under the
A large num- old method with the taxes for 1903 calculated upon
for fi xlng the valuation of the roads.
ber of men and some "experts" were engaged for the the new basis.
Taxei for 1908 Taxes for 190*
work. But the question of fixing a system of taxaimdemew ^computed under
Per
tion is by no means an easy one, and experts are not
method.
old mtthod.
Increase.
Cent.
OnG. R. &I. By
$186,027 00 ($94,484 03
$91,542 97
969
always fair-minded or capable or free from prejudice. OnM. G.R.&I. BR... 12,684 00
4,749 05
7,934 95 167-1
4,228 00
1,528 51
The labors of one of the men and his methods On Traverse City RR.
2,699 49 1766
confidence in the
certainly did not tend to inspire
results
reached.
Adams.
We
refer
Professor
to
Adams
Henry
Total for the system
inMlohlgan
$202,939 00
$100,76159
$102,177 41
1014
be seen from the foregoing that the taxes of
system have been increaied by the new law
of the Inter State Commerce Commission, and has
always manifested an attitude of hostility to railroad more than 100 per cent that whereas in 1902 the
interests.
Any such work in which he has had a part company was obliged to pay only $100,761, for 1903
the amount is $202,939. The comment of the officials
is felt to be far from judicial by reason of that very fact.
The plan pursued was that of having Professor M. E. of the Railroad Co. upon this doubling of its taxes is
Cooley appraise the physical property of the railroads expressed in the following language, which, in view of
and Professor Adams make an examination of the the circumstances, seems not a whit too strong
C.
Professor
is
the
Statistician
It will
this little
—
financial operations
and
fix
the value of the franchises.
There was also a so-called Board of Review and a host
of crude and clumsy devices intended to aid the Tax
Commissioners in their Herculean task. Ostensibly
the work was done in a fair manner. But every system must be judged by its results and that the
methods employed in this instance were faulty and
worked great iD justice to the railroads is evident from
the very material increase in the taxation of the roads
which they have produced.
There seems no reason to doubt that the assessments
were fixed muoh too high. In addition, the courts gave
the Board of State Tax Commissioners added power
in the matter of the levy of the rate.
The law provides that the rate of taxation is to be the "average"
tax rate of the State. In arriving at this average the
Board of State Tax Commissioners had supposed that
allowance would have to be made for the fact that
other taxable property is not assessed at its full value,
bnt at only a oertain varying proportion of the same.
The Tax Board had no leaning in favor of the roads,
but with the idea mentioned in mind it fixed the rate
at $13.68 per $1,000 valnation.
Without allowance
"Think
of
it
!
The
State of Michigan with
its
present
need of development taxing a road earning less than
$8,000 per mile over 6 per cent of its gross earnings, as
compared with the States of Pennsylvania 2*6 percent,
Indiana 3*03 percent and Ohio 3*46 percent. The taxes
collected from railroads accrue undei the laws of the
State to the School Fund, and It Is credibly stated and
not denied that some of the school districts are at this
time actually loaning money on interest, notwithstanding the railroads are withholding the payment of the
increased tax pending the results of the litigation now
in progress between the railroads and the State.
Your President and General Counsel have used their
best efforts to make known to the Tax Commission
the effect that the doubling of taxation will have on
your property, but wholly without effect, and therefore
it seems proper to your Board to include in this report
the above statement of facts as they exist."
These are the remarks of President James McCrea,
and he argues that the strife for political power has
reached such an acute stage In Michigan that those in
control of the policy of the State government have
apparently been forced to cast aside their business
judgment and be governed by what they think will be
undervaluation of ordinary property, the
rate
was
$16.55
per $1,000.
In
an
aotion politically popular. He well says that Michigan is
brought by the Detroit Board of Education against deliberately giving notice to capital, by unfair and
the Tax Commission the Supreme Court of Michi- unjust taxation, that it is a good State to stay away
gan in a decision rendered May 1 1903 held that the from. The policy seems particularly foolish in the
duty of the Tax Commission in determining the rate case of that State, in view of the State's exhaustion
is purely ministerial and that the Commission has no of its timber resources and its lack of agricultural
for
the
not assessed at lands. On account of this situation, Michigan, more
cash value. The Court at the same time up. than any of the neighboring States, needs to nurse
held the right of the Legislature to pass the new law. and encourage its industries and transportation
The levy hence was at the full rate of $16.55 per facilities rather than handicap them by excessive
right to assume that other property
is
its full
$1,000.
Now let us see what has been the effect of the new
law in the case of the Grand Rapids & Indiana Railway Co. This company will furnish a good example
of the working of the new law and of the methods
employed by the Board of State Tax.Commissioners, as
The Grand Rapids & Indi.
system
ana
comprises altogether less than six hundred
miles of road, with gross earnings (in the latest year)
running somewhat over 4 million dollars, and with net
earnings, after deduoting expenses, taxes and rentals
it Is
a relatively small system.
taxation.
One
casual statement which
of the report of the
we
find in another part
Grand Rapids
&
Indiana Railway
Co. illustrates strikingly how the State's timber
resources are being exhausted. The statement is to
the effect that, "Lumbering operations having ceased,
and there being practically no other business in sight,
operation of the Manistee Branch, thirteen miles long,
will be abandoned during the coming year."
The Grand Rapids & Indiana Railway Is only one
road in Michigan,and, as we have seen, a small one at
.
—
1
Apr.
THE CHRONICLE.
23, 1904.]
All the other roads are suffering In the same
tnat.
way. Taxes in every case may not have increased
proportionately as much as those of the Grand Rapids
& Indiana, since the larger systems have considerable
mileage situated in other States; but nevertheless all
1471
February had an extra day the present time, this
being leap year; but on the other hand the weather
New England and the Middle
Middle
Western
States.
In Canada railroad operaDd
ations seem to have been even more seriously interfered
with by snow blockades than in January.
In Northern
New York, as pointed out on a previous occasion, the
blockades in February seem to have been the worst in
thirty or forty years, not a wheel turning on some of
the lines of the New York Central at times.
In tne
however,
west
and
territory,
southwest of Chicago,
and
Kansas
Louis
City,
conditions
St.
were much
more favorable in some portions better apparently
General trade of
than the avarage for February.
course was on a smaller ssale than a year ago, and in
the iron and steel industry there was obviously acontinued very severe in
have had their tax burdens heavily increased. It is
estimated that the taxes of the Michigan Central for
1903 were $150,000 larger than for 1902, bringing
them up to $700,000. The amount paid out in divl
dends by the Michigan Central In the same year was
$749,520, so that this company's call for taxes was
almost as large as its payments in dividends. In the
case of the Grand Rapids & Indiana the tax payments
were more than the dividend payments. The Pere
Marquette Railroad is being mulcted $180,000 in excess of what the road's officials think it should justly
be asked to pay. There has as yet been no decision decided contraction in the volume of business at
in the Federal courtg bearing upon the validity of compared with 1903.
Bearing: all these facts in mind, the statement of
these various inordinate taxes, though nearly all the
leading roads have actions pending in these courts, earnings, both gross and net, is about as satisfactory
challenging their legality.
as could have been looked for; and the decided imBut the Grand Rapids & Indiana is suffering in provement over the January exhibit Is particularlyencouraging, showing, as it does, that the extremelystill another way, which makes the added burden of
taxation in its case particularly oppressive.
The poor outcome in that month was wholly exceptional
reader may recall that in our news columns two weeks Another fact should not be overlooked: Comparison
ago the announcement was made that the United Is with a month of very large earnings last year, the
States Supreme Court, on the writ of error granted increase in gross then having been $10,461, 96#„
to review the procedure to compel the Grand Rapids though the gain in net at that time (on account
& Indiana Railway to reduce its passenger fares from of the great augmentation in expenses) was only
3 cents per mile to 2£ cents per mile in the State of $961,987. It should be remembered, too, that the
Michigan, had handed down a decree adverse to the anthracite coal roads then were mining all the coal
company's contention. This decision will have the they could get out of the ground (being forced thereto*
effect of materially reducing the company's revenues by the scarcity created by the miners' strike the prefrom passenger traffic. Thus the company loses in a vious year), while during 1904 anthracite production,
double way: Its expenses are augmented through has been of only normal proportions. The following
heavier taxes and its revenues are to be reduced furnishes a comparison of the February totals of
through lower rates. It is only necessary to state earnings, for the roads as a whole, for a series of
this situation to show its injustice.
years past, and also the totals for the two months
But will the railroads alone be hurt by this condi- ending with February.
—
tion of things
?
Will not the
upon the State
trously
itself
new
and
policy react dlsas
its
people
?
We have
seen that, owing to the dying-out of certain industries in
the State, there
capital to build
Is
need of attracting
special
up and extend other
new
stead of inviting a
Industries.
In-
inflow of capital, the State
is
pursuing the very course that must repel it. Is it not
time for the Intelligent people of the State to awake
what the new legislation and the
to a realization of
new
political
affairs of
influences which
the State
mean
dominant
are
in the
?
fur
Gross Earnings.
<t
So. of
Year
Tear
roads.
Given.
Preceding.
Net Earnings.
Increase or
Decrease.
Tear
Tear
Given.
Preceding,
Febru ary.
•98(180)
$
63,763,772
65,877.726
•94(127)
41,119.789
49,652.978
'96il28)
43,014,093
42,881,674
«6(180)
46,68»,6S9
41.603.813
-2,123,953
-3,433,189
+182,422
+4,8b5.81f
-818.014
+7,168.117
-1,408.146
13,716,907
16,598,870
-2.876.70K
10,890,672
12.992,782
-2,102,210'
11,866,081
13,003.3*4
11.357,439
10.827.770
+2.176,564
97(124i
51.S38.813
51,656.357
'98(136)
69,070,793
51,901,681
99(125)
58,657,896
59,986,541
00(128)
73,738.167
59,666,162 +-13.171,995
21,637,136
16,650,437
01(181)
88,367,583
78.722,604
+7,684,97«
26,537,607
28,<85,4'<8
84,869.745
26,478,934
02(117)
89,02*687
•03(1061
91,860,660
4 4,168,942
80.898,616 +-10,461,994
04(104)
99,613,306
96,130,791
110,940,48^
lan.
1
a Feb.
16,311,914
14,095,683
+1,218,891.
16,896.053
15.588,962
18,628,170
+2,787,673
-8,087,206
+5.988.60&
+3,062,12^
25 923.78d
+ 655.16*
<1
23.133,894
+981,987
+3,412,615
23,045,807
26.382,876
-2,387.568
-1.569,038
27,052.214
31,344,569
09,621,866 -16,191,485
21,895,803
25,165.219
-4.29J.886
-3.259,41»
24,116,8
(
29.
RAILROAD a ROSS AND NET EARNINGS
FOR FEBRUARY.
109.372.401
'94(126)
84.429.921
96(128)
Just as expected, the comparison of gross and net
earnings for February is very much better than that
97(123
99(198
89,690 287
95.102.277
101,494,516
119,859.787
124,415.323
00,123)
151,924.160
01(181)
181,191,498
•02(11H)
190.330.239
'0 (106
192,204,454
164,437,169 +16,757,324; 58,302.141
177,9 J2.89' fl2.407.842 59,635,970
173.131,367 +-19,073,«87 64,138.648
'04(104)
200,743,375
202,086,011
In January we had a very large loss in
both gross and net $4,847,915 in gross and no less
than $8,095,639 in net, the latter being a decrease of
over 25 per cent. For February we now have a gain
—
of $3,412,515 in gross
and a
loss of only $2,337,568 in
96(129)
98(185)
+8,692
18,168,731
•98(187)
for January.
Increase o-r
Decrease.
8-<.9i6,388
4643,879
24,157.427
23.224,004
+988.488
86.458.209
106,374.919
+8.614,063j
—3,882,403!
87,811,39 *
28,036,060
29,164.314
30,0-2 963
+4,876.338
?9.Z91.805
101,874,285 +14.986.45s[ 86,089.634
121,243.645 +8 171,691 34.843,470
126.666,851 +86,267.299 16.684.9P9
—1,342.838
48,770,405
34.783,371
+127,491
+6,008,681
-1.896,901
85,171,210 fll,613,789
58 969,585
+7,722,049
+8,576.336
52,894,126
+1,248,588:
60.680.097
67,073860 -10,303,465
Note.— We no longer Include the Mexican roads or the ooal-mlnlng
operations of the anthraolte coal roads In our totals.
net.
The
January 1 to Feb. 29.
(104 roads.)
February.
(104 roads.)
1904.
•
Gross earns 99,643,306
76,497,99b
Oper. exp.
.
Net earn' j
23.046,307
1903.
Inc. orDec.
1904.
1903.
Inc.or Dec.
•
»
•
•
%
70,747,916
+3.412,616 i 0,743.3': 5 202,08*5,011 —1.342,636
+5,750,083 153,972,970 145.012 151 + 8,960.819
26,382,876
-2,337,568 46.770,405
96.180,791
67,073.860 •10 303,456
outcome the present year is largely
due to the good returns made by Southern and Southwestern roads and also by such transcontinental systems as the Union Pacific, the Atchison Topeka &
Sante Fe and the Southern Pacific. The Canadian
roads, more particularly the Canadian Pacific and the
Grand Trunk of Canada, had very heavy losses
satisfactory
)
:
).
THE CHRONICLE.
1472
[YOL. LXXV1IL
Thus the Grand Trunk
$782,633 in gross and $634,500
BUXXART BT GROUTS.
heavier than in January.
suffered a decrease of
and the Canadian Pacific a decrease of $285,433
The east-and-west
in gross and of $660,200 in net.
trunk lines also did poorly, though much better by
far,
as
already indicated,
The
in January.
than
Pennsylvania Bailroad as against the $1,426,100 decrease in gross and $1,607,400 decrease in net for
January, has for February $403,000 gain in gross and
only $211,700 decrease in net. The Erie is both a
large anthracite carrier and a trunk line, and while
its
February
large— $354,441 in gross and
they are not nearly so heavy as the
GROUP.
1904.
February.
Trunk
B
—
I
27.103.316
S6.636.876
0.79S.930
East. & Mid. (14
Mid. West'n.116
North west'n (in
7.667,710
3,029 812
Maminf.
1908.
1904.
1
8.681,120
2.240,119
866.450
Inc. or
t
6,674,427
2,869,810
520,168
6,6:13,089
2,994,992
6,246,041
1.659,767
1.844.883
5.554,461
5.624,666
1,102,842
1,681.747
North Pacific (4
6,795,887
6,372,161
Southwestern A
South Pact 20 26.411.266 24.174.060
Southern
(24
17.684,425 16,048.954
1.617,818
1,883,904
—
Dec
I
—1,993.807
—619.691
—163 708
—185,116
-628,906
—216,091
P.O.
S6'12
21-66
29-55
1003
32-41
11-88
9-42
6,697,211
6.394,620
6,379,986
4,623,426
+602,691
+756.669
16-36
Total (104 r'ds) 99,643.30 o
96,130,791
28,046,307
25,382,875
-2.837.668
9-21
1,624.663
1,414,120
607,642
523,203
-15,561
2-97
63.266,298
56.739,419
7,185.113
13,152.581
-6.017.418
46-68
losses are
$684,528 in net
1908.
•
lines. (10
Anthr. Coal..
Net
Gross Earnings.
Section or
in net,
Jan. 1 to Feb.
Trunk
29.
lines. 10
i
4,315 B5«
6.079,444 -1.763,-83 29-01
Aathr. Coal... 6) 13.536,099 16,959,610
similar losses in January.
1,276.6-2
—640,642 50-92
626,130
East & Mid.. (14
6,800.698
5.969.498
The Southern Paolfic, the Union Pacific and the Mid. West'n.(16) 13.231,337 13,027,440 8,132.627 3.868,237 -735,610 19-01
N irthwest'n (11) 11.672.227 11.527,421 2,880.262 3 451,661 —621,369 18-00
Atchison Topeka & Santa Fe all report very striking North Pacin<(4) 14,2*8,379 18.767,949 3,830,014 4.323,6*8 —493.614 11-42
gains for February, and Southern roads also make very Southwestern A
4*34
—638.046
South Pao. (20 53,610 4"7 61.638,567 14,402.571 15.040.617
good exhibits as a rule. The increase on the Southern Southern. ...(24 35.299,060 33125,017 10.498,032 9,882.070 +616,962 623
Tot. (101 r'ds) 200,743,375 202,088,011 46,770,406 67,073,860 -10,303,456 18-06
Pacific reaches $904,389 in gross and $406,214 in net;
7-13
1,022,300
964,422
67.878
8,079,87
2,867,756
(2)
on the Union Pacific, $704,079 in gross and $477, 163 in Mexican.
net, and on the Atchison, $517,611 in gross and $210,Besides tne roads included in the foregoing, and
204 in net. Among Southern roads the Southern
which
supply returns of both gross and net earnings,
Bail way reports $395,467 increase in gross and $227,quite
711 increase in net; the Louisville & Nashville, $336,- we have a number of other roads, some of them
Western,
365 increase in gross and $179,582 increase in net, important too such as the Chicago & North
and the Atlantic Coast Line, $176,550 gain in the Great Northern, the New York Central, the
Northern Pad So and the Texas Pacific— whloh
gross and $149,647 gain in net. In the following we
show all changes, whether decreases or increases, furnish statements of gross alone. By combining
where the amount in either gross or net exceeds these with the totals already given, we get an even
more comprehensive exhibit as to the gross than that
J
-i
—
$30,000.
PRINCIPAL OHA1CGB8 IN
GROSS
NET
AND
This is done in the following
ROADS REPORTING GROSS BUT NOT NET.
above.
BASHINGS IN
FEBRUARY.
ROAD8 WITH INCREASES IN GROSS.
Increase (+)
Decrease (—
So. Pao Svst..
Union Pacific
Atch.T.AS. h\
Mo. P.&I. M.)
Cent. Br...
(
St.L.&S.Fr.)
Ch.& E. 111. S
Penniylv.t....
Southern Ry,.
Lonls.dtNash.
Illinois Cent..
Atl. Coast L...
& Ohio..
Chic. & Alton.
Bait.
Yazoo &M.V.
Seab'rdAirL.
Ches. ft Ohio.
8t.Ii.Southw.
Gross.
$
+904.3S9
+704,079
1-517,611
+431,084
+403,723
+403.000
+395.467
+336,865
+242, «72
+176.550
-153,334
+134,028
+121,506
+ 120,770
+99,159
+96.560
Net.
$
+4C6.214
-t-477,163
+210.204
+136,025
+76.244
—211,700
+227,711
+179,584
—147,319
+149,647
—214,828
+M5.016
+48,292
+5,454
+4.110
+77,697
Increase (+)
Decrease (—
C. C.
f!.
&
St.
Gross.
$
h
Mo. Kan. AT.
Norf. & West.
+93,338
+86.361
-»--4,042
Long Island..
Wabash
+6W.12?
+63,760
+58,317
+47,423
+40,823
+20,300
+10.X37
+9,889
+9.740
+6.329
Chic. Gt. W...
+5,99tJ
N.Chat.iSt.L.
Ctn.N.O.&T.P.
Ala.Gt.8outh.
Kans.CltySo.
Ban.&Aroont.
Ph. Balt.A
Chi.
M.&
W.
St.P.
Iowa Central
.
Total (representing 80
roads)
Net.
$
-01 .881
+55,244
-5.662
— 3.*5S
+16,877
+1404
+43,005
+17,523
—61,61)0
-219.621
—36,949
-37.262
-153,85s
-63,068
+5,850,575
+909,015
Trunk System (3 r'ds).
•
Net.
•
Gr.
LehiKh
Vall.i.
KR
Paolflc...
Phil. & Read.*
Erie
Can.
Kock Isl. Co .
N.Y.Ont A Vf.
Cent. of N. J..
Colo. & South.
Den.
&
Rio G.
—782,533
—862,408
-354.441
-2-5.433
—220.818
— 162.7H6
-631,590
—252,316
—614.628
—600, 00
—161,002
—317,667
-88.604
—67.029
—52,015
—52,021
—65,154
+8,7d6
—19.025
—95,9.10
Reported above(104
Ann
-50,960
Arbor....
Minn.
Paul
M...
&S.
Buff.R'ch.&P.
N.Y. Sas&W.
Wlscon. Cent.
St.J.&Gr.Isl.
St.
St.
—48.930
-41.486
—34,926
— 16 940
-10.203
Net.
$
-68,305
—84,436
-27,877
—45,289
—54,8 • 3
-30,403
roads)....
-2.627,091
—3,227,799
These figures are for the Railroad Company; the Goal A Iron Company reports an lnorease In gross of $481,818 and a decrease of $247,660 In net.
t Covers lines directly operated east and west of Pittsburgh and Erie.
The gross on Eastern lines increased $116,900 and the gross
o> Western lines Increased $287,100; the net on Eastern lines
deoreased $3,400 and on Western lines decreased $208,300.
; These figures are for the Railroad Company only.
*
Classifying the roads in groups, the part played by
Southern and Southwestern systems in the improved
results disclosed becomes very evident. These are the
only two groups which record larger net than a year
ago, while both groups have quite considerable gains
in gross. On the Southern group the Increase amounts
to $1,635,471 in gross (10'19 per cent) and to $756,559
or 16-36 per cent in net. For the Southwestern and
South Pacific group the gain amounts to $2,237,206 in
gross or 9 30 per oent, and to $6^2,691, or 9*42 per
cent, in net.
Three of the other six groups have
small increases in gross but all show larger or smaller
decreases in net, the falling off in the
Trunk Line
group particularly being noteworthy— $1,993,307, or
35*12 percent, in net.
Increcue.
3,412,515
207,734
119,287
134.654
62,195
3,709,135
773,538
109,123
123,962
134,354
193,937
93,843
109,807
50,730
3,497,39*)
13,797
25,444
24.847
1.465
211,726
2,056,738
2,244,733
A Peo..
184,604
25,573
408,660
346,765
12.246
32,821
5,390,449
2,941,946
678,137
190,225
161,657
50,155
Ham. A Bull.
1,007,511
9,800
41,324
154,354
10,148
393,011
356,845
12,196
21,604
5,810,621
3,015,700
782,851
184,977
146,139
42,006
909,891
9,900
44,994
Total (129 roads).
118,445,889
115,448,816
A Vioksb...
VIckb. Shrev. A P.
Alab
Atlanta Knoxv.&N.
Ohio. & Northwest..
Chic. St. P.
A Ora
Ohio. Term. Transf.
M
Detroit Southern...
11
Evans v. & TerreD H
Great Northern—
A
.
3
M. M,
Eastof Minn
Montana Central
Southern...
Internat'l
A
Gt. No.
Lake Erie & West'n
Blrmlngh.
Macon
<fc
MobtleJaok.&K.r.l!
N.Y Oent & Hud R.
Northern Pacific...
fere Marquette
St. L. Vand. A T. H.
Terre Haute A Ind.
Texas A Pacific
Tex.Sab.Val.&N.W.
Toron.
Net
11
Decr'te.
$
96,130,791
Terre Haute
Total (representing 18
1903.
99,543,306
roads)
Illinois
Gross.
1904.
Ala.N.O.&T.Pao.N.OrL&No.East.
St. P.
ROADS WITH DEC
Gross,
February.
62,973
28,636
5,979
836.511
137,769
129,941
6,029
128,325
lno. (2-60 p. 0.)
187,995
30.250
15,425
15,649
10,080
48
11,317
420,072
78,754
104,714
5,248
15,618
8.149
97,640
100
3,670
3,895,047 897,973
2,997,074
Figures are for four weeks to Feb. 27.
In this way oar grand aggregate of gross earnings,
embracing all roads from which returns can be obtained, reaches $118,446,889 for February 1904, which
compares with$116 > 448 815 for the same roads in February last year, thus showing a gain of 12,997,074, or
J
2-60 per cent.
ITEMS ABOUT BANKS BANKERS AND TRUST GO'S.
—The public sales of bank stocks this week
shares, of
aggregate 163
which 55 shares were sold at the Stock Exchange
and 108 shares at auction. Transactions in trust company
stock were limited to the sale of one 12-share lot of a Brook*
lyn oompany. The firat public sale of Thirty-fourth Street
National Bank stock was made this week, 8 shares selling at
209>£. The price paid for 5 shares of American Exchange
National Bank stock— 227}£— is an advance of 1% points from
what was paid at the last previous sale in March.
Apr.
THE CHRONICLE.
23, 1904.]
Price.
BAirea— AT«v» fork.
6 Amerloan Eroh. Nat. Bank... 227*8
•55 commerce. National Bank of. 306-207
175^
100 MerobantB' Nat. Bank
3 Thirty -fourth St. Nat. Bank. .. 209 1*
Mhares
Tbust Coarkwr—Brooklyn.
12 Williamsburg Trust Co
Latt jyrtnwut §ale.
Mar. 1904— 220
Apr. 1904- 205
Feb. 1904— 175
First sale.
New
241
Mar.
1903— 270*8
Jersey.
new charter under the Trust Company Law
The newly incorporated company has a
up in cash, and is to succeed to and
business lately conducted by the Corporation
Trust Companies of New York and New Jersey. Its list of
directors comprises men well known in the financial world,
Charles T. Barney, President of Knickerbocker
namely:
capital of $100,000, paid
carry on
'Sold at the Btook Exohange.
—A
has taken out a
of
1473
all
New York Stock Exchange was Trust Company, New York; Oakleigh Thorne, President
Thursday
of this week, and the con- North American Trust Company, New York; H. B. Hollins,
posted for transfer on
sideration is said to have been $67,000.
of H. B. Hollins & Co., bankers, New York; John W. Griggs»
ex-United
States Attorney- General Wm. H. Cheeseborough,
—The Smith bill— amending the negotiable instrument law
relative to the payment of forged checks, wnich was recently Vice President of the Company and President of the Century
passed through the New York Legislature— received Gover- Realty Company, New York; Charleton T. Lewis, capitalist,
nor O Jell's signature and has become a law. The law pro- Morristown, N. J., and Howard K. Wood, President.
vides that hereafter no bank shall be liable for endorsements
—George Blumenthal, who retired from the banking firm
forged on checks or other negotiable paper longer than a of Lazard Freres about three years ago, and who has since
period of one year, instead of six years, after a depositor has spent the greater part of his time abroad, will, on July 1
received his vouchers back from the bank. The measure re-enter that firm.
was in charge of the Legislative Committee of the New York
—Group VIII of the New York State Bankers Association
State Bankers' Association, consisting of Major Charles El- will hold their annual meeting to-day at the New York Clear
liot Warren, Cashier of the Lincoln National Bank of this ing
House for the election of officers and executive committee
city, and Mr. W. G-. Nash, Cashier of the New York State
The recent statement made to the Comptroller by the
National Bank of Albany; Captain H. C. Du Val, Vice-PresiNational Bank of North America, 41-43 Wall Street and
dent of the Mechanics' Bank of Brooklyn, and also Secretary
43 49 Exchange Place, of which Mr. Richard L. Edwards is
membership
in the
—
Now York Central Railroad Company, rendered the
President, denotes a prosperous condition of business. Since
Committee valuable assistance. It was reported that the
November 17th 1908 the deposits have advanced to $21,611,Clearing House Association had decided to present Captain
revealing a gain of $4,376,162, while surplus and profits
Du Yal with a silver. loving-cup for his creditable work in 518,
have grown to $2,079,094 and aggregate resources have inThis was afterwards
connection with the Committee.
creased from $22,204,829 to $26,571,722. This old institution
denied.
has $2,000,000 capital and was originally incorporated in
Mr. James Speyer, of the New York banking house of February 1851.
Its present executive, Mr. R. L. Edwards*
Speyer & Co., returned to the city on Monday from an ex- became President in January 1902, when the old Bank of the
tended trip through Mexioo.
State of New York (of which he was President) liquidated
—The National Bank of Commerce in New York will occupy and was consolidated with the National Bank of North
the entire second floor directly above its main banking rooms America. Its well known Vice-President, Mr. Henry Chapin
at 81 Nassau St., when extensive alterations now being made Jr., has been prominently connected with the National Bank
are completed.
of North America's affairs for many years.
Mr. Chapin was Cashier of the old Metropolitan National
—The newly consolidated Mechanics' National Bank of 88
Wall Street, combining the old Leather Manufacturers' Na- Bank and later Cashier of the Third National Bank. When
tional and the Mechanics' National banks of this city, com- the latter was absorbed by the National City Bank he accepted
menced business last Monday. The bank presented a pretty the same position with the Bank of North America and was
of the
—
Mr. Gates W. MoGarrah's many friends and well- elected a Vice-President at the time of its consolidation with
wishers having deluged the officers' quarters with baskets of the Bank of the State of New York in January 1902.
The other officials are Charles W. Morse, Vice-President;
flowers.
On Tuesday the board met for permanent organization and elected Gates W. McGarrah President. Alfred H. Curtis, Cashier J. Frederick Sweasy and Edward
Mr. McGarrah commenoed his banking career in 1883 with B. Wire, Assistant Cashiers. The bank numbers many strong
They are as
the New York Produce Exchange Bank, of which he be- financial interests in its board of directors.
follows
Henry H. Cook, Warner Van Norden, David H.
came Assistant Cashier in 1892. Although a comparatively young man to-day, the management of the Leather Manu- Houghtaling, John H. Flagler, William F. Havemeyer, Henry
facturers' early recognized his marked ability and energy, and F. Dimook, Mahlon D. Thatcher, Richard L. Edwards, August
within a few years' time he was elected successively Belmont, Edward T. Bedford, Charles W. Morse, Robert M.
Cashier in 1808, Vice-President and director in 1899 and Pres- Thompson, Warner M. Van Norden, Oakleigh Thome, Henry
ident in 1903. Mr. McGarrah is also Secretary of the New Chapin Jr., Charles T. Barney, James W. Hinkley, Hugh J.
York Clearing House Association, a member of the Metro- Chisholm and William Carroll. The National Bank of North
politan and Union League clubs of New York, and as a America is a depository for the United States and the City
sight,
:
;
:
banker is widely known in financial circles and State of New York funds.
—The Nassau National Bank. 26 Court St. Brooklyn, has
throughout the Union.
The other officials elected this week were: Messrs. made excellent progress in business since Jan. 22 1904. In its
Alexander E. Orr, First Vice-President
Nicholas F. statement to the Comptroller of the Currency under date of
Palmer, Second Vice-President, and Andrew A. Knowles, Maroh 28 the bank reports deposits amounting to $5,888,117,
Third Vice-President; Frank O. Roe, Cashier, and Rob- showing $686,916 gain in about two months' time. Surplus
ert V. Graff, Assistant Cashier. The directorate of the and profit account has advanced from $730,062 to $743,577,
new Mechanics' National inoludes the boards of both banks, and total assets from $6,048,263 to $6,698,244. The instituthe Leather Manufacturers' entire board having been tion has lately issued a fine memoranda calendar, intended
elected directors at the stockholders' meeting last Monday for complimentary distribution among friends and customas follows: John T. Willets, Nicholas F. Palmer, William C. ers. This useful souvenir is 9x5 inches in size, very attraotSturges, Gates W. McGarrah, Anton A. Raven, Henry B. ively printed and conveniently arranged for daily memoranda
Stokes, William Rockefeller, V. Everit Macy, George W. and notes. Thomas T. Barr and William A. Nash, of the
Quintard, William M. Eingsland, Thomas P. Fowler, John Corn Exchange Bank, New York, are President and ViceEdgar McDonald, who not long
Sinclair, Edgar L. Marston, Lowell Lincoln, Henry Tal- President, respectively.
madge, William B. Boulton, Horace E. Garth, Alexander E. ago celebrated his fortieth continuous year of service with
Orr, Henry Hentz, Charles M. Pratt and Andrew A. the Nassau National, is its Cashier. Daniel V. B. Hegeman
Knowles, to which have been added Gen. Thomas H. Hub- and John W. Seaman are Assistant Cashiers.
bard and Clarence H. Kelsey.
The Mechanics' National
—David Rothsohild, formerly President of the Federal
Bank was originally chartered in 1810.
Bank at No. 590 Broadway, this oity, to the suspension of
—In view of the fact that the new Brackett bill, lately which we referred last week, was arrested in New York on
passed by the New York State Legislature, prohibits the use Monday and held in $25,000 bail on a charge of misappropriof the words "trust" and "surety" by corporations organ- ating about $200,000 of the bank's fundB while he was the
ized under the business corporations law, the Corporation executive head of the institution. The Globe Security ComTrust Company, doing business in New York and Jersey City, pany of No. 150 Nassau Street, in which Rothschild was also
progressive
,
;
THE CHRONICLE.
1474
and in whose affairs the Federal Bank had been
involved, went into the hands of a receiver on Monday.
interested,
—The
Executive Committee of the American Bankers'
Association will hold a meeting at the Lawyers' Club, 120
Broadway, on Wednesday and Thursday the 27th and 28th
After the committee and its guests have erijoyed a
insts.
dinner to be given at the Waldorf-Astoria Hotel, Wednesday evening, they will attend a performance of the "Yankee
Consul" at the Broadway Theatre. It is expected the committee will definitely determine when and where the association's next annual convention will be held.
[Vol. lxxviii.
Savings & Banking Co. of Cleveland, to succeed Mr. J. D,
Cox, resigned.
—Mr.
D. C. Delamater was on Tuesday elected President
of the Detroit Savings Bank of Detroit, Mich., to succeed the
late Mr. Sidney D. Miller.
Mr. Delamater is President, also,
of the wholesale hardware house of Freeman, Delamater &
Co. of Detroit.
—John
C.
McKeon
has assumed the duties of his
sition as Vice-President of the National
Park Bank
new
of
po-
New
York and Cashier Joseph
T. Talbert has been eleoted his
of the Commercial NaVice-President
successor as First
tional Bank of Chicago. Mr. Talbert has also been chosen a
As indicated in our issue of April 9th, stockholders of director in the bank. Mr. McKeon remains on the board.
the Globe National Bank of Boston who paid the assessment
No Cashier has yet been appointed by the Commercial Naon their shares in full are receiving a final dividend, in tional to succeed Mr. Talbert. The latter will hold the dual
liquidation, of $17 per share. Depositors, it will be rememoffice of Vice-President and Cashier until further notice.
bered, were paid in full with interest.
The Chicago Savings Bank will take possession May 1 of
—The Washington National Bank of Boston has declared the quarters formerly occupied by the Merchants' Loan &
to its stockholders the sixth dividend in liquidation, the Trust Company, on the corner of Dearborn and Washington
amount this time being f 2 per share. This makes a total of streets. This office will much better acoommodate the
$146.80 per share paid to date. The Washington National bank's rapidly-growing business than its present cramped
was absorbed in January 1902 by the National Suffolk Bank quarters on State and Washington.
and the latter institution was, in turn, merged into the
—The State Bank of Chicago now has savings deposits in
Second National Bank in September 1903.
excess of $6,000,000, representing over 18,000 active accounts.
The Commercial Trust Co. of Philadelphia, through its This department has during the past year shown a remarkPresident, Mr. Horatio G. Lloyd, is sending out a circular to able growth. And the commercial deposits have kept even
its depositors suggesting that should they intend traveling pace.
With greatly enlarged quarters, the State Bank finds
either in this country or abroad, they will find it convenient the added office room none too spacious for its rapidly into use the letters of credit issued by the institution. The creasing business.
trust company will also store silverware or other values in
—It is reported that the United States Trust & Savings
.its vaults at moderate rates and will undertake the care of
Bank project— the proposed new Chicago financial instituthe depositor's personal property and the collection of his tion—has been abandoned, for the present at least.
—
—
—
income,
if
desired.
—July
— Mr.
William Gillespie, for forty-six years a director of
the Girard National Bank of Philadelphia, died on Tuesday.
—Mr.
Smith
ment
&
G. D. Montgomery, formerly with Messrs. E. B.
Co. of Philadelphia, has entered the bond depart-
of Messrs.
Henry
& West of Philadelphia.
—
The Commercial and Farmers' National Bank of Baltimore has called a special meeting for May 12 to vote upon a
proposition to increase the capital from $256,000 to $500,000,
"or any portion thereof." Three direotors will also be
elected at this meeting, and the articles of association
amended so as
to provide for not less than nine nor
more
As mentioned in these columns on
April 2, former National Bank Examiner William A. Mason
is the new President of the reorganizsd institution, and it is
than
fifteen
directors.
.stated that the
—Mr.
bank
is
now
in first-class condition.
T. B. Barnes has been appointed Cashier of the Tradesmens' National Bank of Pittsburgh to succeed Mr. H. M.
Landis.
new bank
will be opened in the Chicago Stock
the 14th inst. a permit was issued by the
Illinois State Auditor of Public Accounts to R. J. Schlesinger, H. F. Otto and John Oppenheim to incorporate the
Union Stock Yards State Bank of Chicago, with a capital of
$200,000. A new building is in process of erection at the
corner of 47th Street and Ashland and Gross avenues for the
use of the bank.
Yards
1
a
On
district.
brokerage firm of Bartlett, Frazier &
Carrington will open a branch office May 1 on the ground
floor of the Auditorium Annex, Chicago, opening into the
Pompeiian Room of the hotel and with an entrance from
Michigan Avenue. The quarters will be fitted up elaborately
and should prove a great convenience to the transient public
of that vicinity. This will be the only brokers' office in
either the Auditorium proper or the Annex.
—The banking and
—The Wisconsin National Bank of Milwaukee has purchased the Pabst Building, part of which is to be used as
quarters for that institution and for the Wisconsin Trust &
Security Company, the latter institution being controlled by
the same interests which control the former. The building,
which is on the corner of East Water and Wisconsin streets,
—Mr. B. H. Smyers, formerly manager of the mortgage
department, was on Tuesday, elected Secretary of the Pittsburgh Trust Co. to succeed Mr. Charles H. Hays. Mr. Hays is thirteen stories in height, and is built of stone, steel and
—as stated in our issue of February 20 —was formerly Secre- pressed brick, with tile floors, and is fireproof throughout.
tary and Treasurer of the institution, but some time ago he The bank will take possession of the building on May 1 and
was elected Vice-President, although retaining the office of will make extensive alterations to render the banking floor
Treasurer. Mr. D. Gregg McKee, who had previously been suitable for its occupancy.
manager of the savings department, was elected Assistant
—Mr. H. T. Blackburn, Vice-President of the Iowa NaTreasurer.
tional Bank of Des Moines, has been elected Cashier to suc—Mr. Theophilus Sproull has tendered his resignation as ceed Mr. Leland Windsor. Mr. Blackburn will also conPresident of the Equitable Trust Co. of Pittsburgh, to take tinue as Vice-President.
effect May 1, The board of directors of the institution have
learn that the recent reports that the Citizens' Bank
accepted Mr. Sproull's resignation, but as yet his successor of Norfolk, Va. was to be taken over by the National Bank
has not been selected.
of Commerce of the same city, are wholly without foundation.
—Mr. Enoch W. Pitts, for ten years Cashier of the People's All that has occurred is a change in the ownership of some of
Bank of McKeesport, Pa., has been elected President to the individual shares of the Citizens' Bank. The Citizens' will
succeed the late C. R. Stuckslager. Mr. H. R. Stuokslager, continue the business under the same management that has
formerly Assistant Cashier, has been appointed to Mr. Pitt's been identified with it for the past 15 years. The President
(pro tern.), Mr. G. M. Serpell, is General Manager of the Norplace as Cashier.
—The board of directors of the Prudential Trust Co. of folk & Carolina branch of the Atlantio Coast Line and is very
prominent both in commercial and financial circles. The
Cleveland has formally ratified the consolidation of the inother officials are Messrs. J. W. Perry and McD. L. Wrenn,
stitution with the Citizens' Savings & Trust Co., and as a
Vice-Pretidents; Mr. Tench F. Tilghman, Cashier, and Mr.
result the Prudential closed its doors on Saturday last and
Norman Bell Jr., Assistant Cashier. Mr. Tiltrhman has been
went into voluntary liquidation. The enlarged Citizens
working for the interests of this well-known institution for
Savings & Trust Co. opened for business on Monday.
the past twenty-one years.
—Mr. E. G. Tillotson, Vice-President and Manager of the
—The Merchants' & Planters'-Farley National Bank of
Cleveland Trust Co., has been eleoted a director of the Dime
Montgomery, Ala., is distributing an interesting circular,
—We
,
9
Apr.
THE CHRONICLE
23, 1904. J
showing the statements of all the national hanks in that city
under date of March 28 1904. The capital of the institution
mentioned, it appears, is more than double that of any other
local bank, the surplus is more than the combined surplus of
all the other national banks, and the individual deposits are
nearly $700,000 in excess of the combined individual deposits
of all the other national banks in Montgomery. Mr. Joseph
L. Hall is President, Messrs. 8. B, Marks Jr. and M. P. Le
Grand, Vice-Presidents; Mr. Louis B. Farley, Cashier, and
Mr. Henry T. Bartlett, Assistant Cashier.
—Mr. Joseph J. Dale, Vice-President of the National
Bank
Savannah, of Savannah, Ga., died on April 1st. The board
have passed appropriate resolutions on Mr. Dale's death, expressing their appreciation of
his sterling qualities. He was one of the incorporators of the
bank. Mr. Dale was also President of the Oglethorpe Savings
& Trust Co. of Savannah, in which latter position he has
been succeeded by Herman Myers, formerly Vice-President.
of
of directors of the institution
Mr.
Myers
is
also
President
National
the
of
Bank
National Bank of Fort Worth, Texas— to
which we referred in our issue of February 27— opened for
business on April 11 in its quarters on the corner of Main
and Tenth streets. Deposits for the first day, it is stated,
were $707,988. The officers are: President, W. H. Eddieman; Vice-President, Cicero Smith; Cashier, E. M. Lanham;
Assistant Cashiers, Claude McCauley and
W.
J.
Eddleman.
—The
stockholders of the First National Bank of
Angeles on April 14 ratified the proposed increase in
capital from $400,000 to $500,000. Present stockholders
have the privilege of subscribing to the new stock at the
of one new share for each four shares of old stock held.
prioe at which the
Los
the
will
new
stock will be sold is $300, the $200,000
premium to be added to the surplus fund, thus increasing
that item to $750,000. At this meeting the articles of association were amended to allow of the election of two new
W.
Those elected were
Stoddard Jess.
directors.
T.
S.
Hammond
and
—The eleventh annual
convention of the California Bankers' Association will be held in Los Angeles on May 19, 20
and 21 next, the Hotel Angelus having been selected as headquarters. Papers will be contributed by A. Kains, of the
Canadian Bank of Commerce; J. A. Graves, of the Farmers'
and Merchants' Bank of Los Angeles; W. C. Patterson, of
the Los Angeles National Bank; Lovell White, of the San
Francisco Savings Union; Hon, Herman Silver, of the Board
of Bank Commissioners, and others.
—Mr.
Joseph A. Donohoe, formerly Vice-President, has
been eleoted President of the Donohoe-Kelly Banking Co. of
San Francisco, to succeed the late Mr. Adam Grant, whose
death was announced in these columns on April 2d. Mr.
John Bermingham has been elected Vice-President to succeed Mr. Donohoe.
Bank Commissioners of California
authorized the Home Savings Bank of Los An-
State Board of
on April 11
geles to begin business with a capital of $200,000, only half
of which, however, has been paid up. Mr. R. J. Waters is
President of the new institution, Messrs. W. F. Swayze and
Isaac Springer, Vice-Presidents, and Mr. O. J. Wigdal,
Cashier. The new institution, it is stated, will be located on
the corner of North Spring and Court streets.
IMPORTS AND EXPORTS FOR MARCH.
The Bureau
of Statistics at
Washington has issued
the country's foreign trade for
March, and from it and from previous statements
we have prepared the following interesting sum-
the statement of
maries.
FOREIGN TRADE MOVBMBMT OF THB UMITBD 8TATE8.
[In the following table* three olpher* (000*) are In a U eases om ltted.l
1903-04.
,
Export*.
[Uerch'dlae. S
July-SepU.. 291.025
Oot.-Dec....
January....
February...
March
Total
Import*.
Exceu.
t
$
I
10,801
2,810
17,665
33.037
690
788
3.083
8.22*
5.034
8.868
-7.464
-30.817
-7.035
-4.301
—5.793
.
Import*.
Exceu.
I
$
118.800
119.813
246.054 +43.671
236.698 +258.784
82,593 +59,453
88.821 +29.979
91.302 +28.511
1.167 J00
~7 45.468 +422^898
493.477
14*2.045
190203.
.
Export*.
t
Import*
I
Ex*e*t.
%
245.803 +59,161
267.107 +150.364
85,175 +48.817
82.082 +42.964
132,094_ 96.230 +35.864
3O4.B09
417.581
133.992
125.680
lill47loii
777.002 +337.100
Export*.
,
Import*.
%
Exce**.
%
%
Weld and G*ld In Ore.
July-Sept...
Oct. Deo.
January..
February.
March
73,407
17.897
Total
0.780
5,034
80
1.500
1.013
11.719
19.287
2.011
1.817
4,568
-999
-14.868
-1.986
-811
-3.526
-56,010
18.389
39.402
-21,013
13,062
13.092
3,678
3.867
3.065
6.483
7.099
1.495
1.087
1.479
+6.609
+5.998
+2.083
+2.180
+2.180
37.854
18,843
+19,011
1
Silver and Silver In Ore.
3,808
4.110
•2.107
'2,108
+788
+8.354
+2.164
+1,095
+2.002
35,t05
20.817
+14.988
7,403
July-Sept...
Oot.-Deo....
6.680
7.378
2.609
15.727
4.703
January
February...
March
Total.
—
i-Hxce*«of exports.
We
for
silver
Bxoeis of Imports.
subjoin the totals for merchandise, gold and
the
nine
months since July
for
1
six
yean*
MBBCHAKDISl.
Mo*. Export*. Import*.
"i~
03-04
02-03
01-02
00-01
99-00
98-99
GOLD.
Excess
Ex-
Im-
Export*
port*.
port*.
$
1
Of
I
$"
745.403 422298 17.897 73.407
777.002 337160 18.3*- 39.403
1.080,987 678694 402893 43.365 44.573
1,139.069 499.427 340843 32,822 58.76*
1.063.6U 641.776 411865 26.0C2 33.772
947,9^8 300.028 447970 13,402 80.296
1.107.760
1,114,162
8ILV1B.
Exce**
Ex-
Of
Exports port*.
Import*.
Exce**
of Export*.
i"~
~~
%
•56,010 35.806 20.817 14,983
21.01? 37.864 18,843 19,011
1.808 38,966 22 421 16 625
•25, 94* 50.371 29,3X6 21.085
7.770 41.346 24 578 16.774
66.^94 43,967 23>20 20.037
t
$
i
Excess of Imports.
Similar totals for the three
for six years
rate
The
1902-03
4
ExporU.
Nine
—The Western
—The
1903 04-
,
of
Savannah.
1475
make the
months
following exhibit.
MlECHANDlll.
GOLD
Thru
Mo*.
Bxport*. Import*.
Exce**
of
Ex.
Im-
Exportt port*.
1
%
t
1904- 380,658
1903. 391.072
1902. 337.401
1901. 373.757
1900. 371.181
262.716
264.087
231.716
209.696
231.253
1899 313.988 191.319
* Bxoess of imports.
since January 1
X
8ILT1R.
Bxciu
of
port*. Exports
t
t
Export*.
Exceu
Im- of
Ex-
port*.
%
117943 4.3S7 22.110 •17.729 12,076
127646 2.685 8.390 5.761 11.109
9.834 11.752
105749 15.073 5.739
484 14.520
164061 9.128 8,044
2.36! 15,004
1399*8 8,176 5.824
122669 3.433 14.789 •11.296 14.768
t
port/.
t
6.824
4.600
6.420
8.085
8,104
5.851
6.449
5.S32
6,485
6,840
7682
6976
In these tables of totals, gold and silver in ore for
all the years are given under the heads respectively of
gold and silver.
The
following shows the merchandise balance for
each year back to 1875.
BXOBSS OF MERCHANDISE IMPORTS OB EXPORTS.
3 months ending Mar. 31—
9 month! ending Mar. 31 —
875
Exports.
«5S6,917
876
ExportB. 60,200,205
877
Exports.154,775,992
878
Exports.208, 114,701
879
Exports.229,272,061
880
Exports. 159,08 2,291
881
Exports. 234,840,790
882
Exports. 66,094,218
883
Exports.105.410.462
884
Exports. 83.222,414
885
Exports. 157,994,856
886
Exports. 44,5)3,454
887
Exports. 68,580,226
888
Exports. 15,647,454
889
Exports. 33,548,303
890
Exports.111,902,104
891
Exports. 79,731,751
892
Exports.209,383,006
893
Exports. 9.652,488
894
Exports.228,457,3^4
895
Exports. 87.518,4061
896
Exports. 70,590,561
897
Exports.323, 4 13,622
898
Exports. 470,65 1,994
Exports.447,970,376
899
Exports.41 1,854,666
900
901
Export8.540.241.95a
902
Exports. 402,292.975
903
Exports.337,159,810
904
Exporta.422.297.610;
.
1
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
.
Exports. $1,695,570
Exports. 30,620,507
Exports. 41,520,311
Exports.101, 165,003
Exports. 72,647,006
Exports 22.861,873
Exports. 73,128,038
Exports.
245,495
Exports. 60,834,993
Exports. 21,162,333
Exports 48,646,123
Exports.
553,978
Exports. 17,626,656
Imports. 17,925.209
Exports. 5,623,324
Exports. 24,662,466
Exports. 26,905,666
Exports. 63,932,822
Imports. 37,454,805
Exports. 50,951,614
"
Exports
7,215,171
Exports. 42,664.737
Exports. 74,112 377
Exports. 150,500,077
Exports.122,669.317
Exports.139.927.859
Exports.164,060,645
Exports.105,748,543
Exports.127,644,768
...Exporta.l 17,943,254
JP0netarijiCamnxcrciitIgttfl[XisTx^xu0
l
From oar own correspondent.]
London, Saturday, April
9, 1904.
Dr. Morrison, the "Times" correspondent, cabled his
journal yesterday that the provisional agreement arrived
at between the Government of the Transvaal Colony and
that in the Court of Pekin relative to the importation of
Chinese labor has been published in that city. Dr. Morrison
says that it has been received most favorably by the general
body of opinion in China. He adds farther that the actual
time when the ordinance is published is most opportune. It
appears that an immense number of laborers, estimated at
.
:
.
THE CHRONICLE.
1476
between 80,000 and 100,000 men, annually migrate to Manchuria when the ice breaks up, as agricultural laborers. This
year of course, owing to the war between Russia and Japan,
this source of occupation will be virtually closed to them.
Consequently the Transvaal mine owners will have this large
supply to draw upon. Some technical details have still to
be gone through as between the home and the colonial governments before the aotual importation of labor oan be authorized.
But we may take it that the first draft of men will
shortly arrive in the Transvaal.
The importance of this question is very much greater than
one as to whether the shareholders in the various Transvaal
[Vol. lxxviii.
Bank
the matter of reducing the
about 23 millions
rate.
sterling, say £250,000
time a year ago.
The reserve
more than
just
is
at this
Its proportion to the liabilities is 44
per
cent.
The India Council offered for tender on Wednesday 60 lacs
and the applications amounted to 816 lacs, at
of its drafts,
prices ranging from Is. 4d. to Is. 4 8-82d. per rupee. Applicants for tills at is, 4 1 82d. and for telegraphic transfers
at Is. 4 l-16d. per rupee were allotted about 14 per cent of
the amounts applied for.
The following return shows the position of the Bank cf
England, the Bank rate of discount, theprioe of oonsols, &c.
oompared with the last three years:
mines are or are not to reoeive dividends. Gold is now vir1904.
1908.
1908.
1901.
tually the standard of value in nearly every civilized counApr. 8.
Apr. 6.
Apr. 9.
Apr. 10.
try in the world. It is contended by many economists that
j
i.
•
a
llremlatlon
2P,fl86,860
88.878,800
20.382.240
29.629.1H0
the demonetization of silver has left the commercial world Public deposits.
W,4<'4,6.-i»
Il.409.9t2
7.861.656
7.308.626
deposits
40.664,718
89 463.398
89 807,806
89,9 1,067
somewhat inadequately supplied with the circulating me- Jtier
*( .8*8.980
»OTernment securities
14 SOO.IHl
14.77«.886
IS 832,73e
28.K' &272
>ther securities
25 852,>>68
27.802,065
20 629.160
dium. The immense amount of gold raised from the teserre
8n.t3l.076
fc2.8-H9.fc70
83
637.488
of notes and coin...
21,9^6,619
84.360.320
;oln*bnillon. both lepartir'ts 83.469,876
88.1-20.679
36,244.6o2
Transvaal mines previous to the war was gradually righting Prop,
reserreto llaDlllties.p.o
48%
46 7-16
4794
UH
8
peroent.
4
4
4
the balance. But there can be no reasonable doubt that the lank rate.
93 '5-10
'onsols.a* percent
915-16
86 13 16
^5*
22 ll-16d.
87 9-164.
26Md
84M
check to the increase in the output which has since taken BlTW..
asarlne-Honse returns.
166.eW3.000 204,485.000 193.428.000 187.621.00c
place has contributed very materially to the prolonged deThe
Bank
rate of discount and open market rates at the
pression in the London money market and upon the stock
chief Continental cities have been as follows:
.
..
markets.
Naturally the announcement already referred to regarding
the import of Chinese labor has had a most favorable effect
But quite apart from this, as
upon the stock markets.
reported last week, there has been both before and since the
holidays a very much firmer tendency than we have been
accustomed to of late. When the Russo-Japanese war broke
out, there was a temporary panic upon the Paris and Berlin
Bourses. It was feared that the genuine investor would
throw Rassian stock upon the market, and that the price of
that stock might fall to any figure which the nervousness of
the operator might suggest. As a matter of fact, there has
been no selling worth talking of, and the Russian Government has itself supported the market. Russian bonds are in
fact higher than they were at the time the war broke out.
Moreover, people have had time to look the matter in the
face, and although a war period is rarely favorable to
financial business, it is hoped and believed that in this case
the war will be localized; consequently the European markets in general and those of France and Germany in particular have taken heart of grace and have been generally
supporting prices. This of course had a favorable influence
in London. The English public are doing but little, However, owing to the stringent bourse laws enforced both in
Paris and Berlin, a very large part of the arbitrage and
option business which was formerly transacted on the
bourses of those cities is now done in London on both French
and German account.
Another favorable feature is the announcement which is
hourly expected of an agreement between France and England, settling the various subjects of contention which have
long existed between the two countries. This highly satisfactory result of the entente cordiale is welcomed on bot
sides of the Channel. It is generally understood that there
is also an arrangement between the French and British Governments to refrain from taking any part in the present war
between Russia and Japan.
boom on the stock markets
is not expected, at any rate for the present.
There is a very
large amount of stock, from consols to mining shares, which
have been issued at various times during the prolonged depression, and which, to use a technical phrase, have never
been placed. In other words, either the underwriters have
had to take up the stock or some more powerful people have
taken up the position of underwriter. Until these varions
stocks have been disposed of, anything like a boom would not
be possible. But at the same time, if the public once came to
the conclusion that the depression is at an end, and began to
buy to any considerable extent, the load that has so long
proved so great a burden to the small number of professionals wonld rapidly be shown to be a very light one when
divided amongst the vast numbers of the investing public.
Owing to the payment of the dividend on the Imperial
Government stock this week, the temporary stringency of
the few days before the holidays has now passed away. It
cannot be said, however, that money is either very plentiful
or very cheap. But the supply of loanable capital is likely
to increase very shortly in the London market. The Bank
of England directors may be trusted to act with caution in
April
April 9
March
2.
26.
March 19
Ratttot
Inter ett at
Bank
Open
Bats. Market
3
4
i"H
4
iH
2«
4
4
SH
Madrid
Copenhagen.
SH
SH
..
8
4
4
8J4
4
2N
tH
SH
SH
iH
SH
nom.
BM
SH
4
4
*H
iH
*H
Optn
Rate. Mark*)
SH
SH
3
SH
Peters b are.
Bank
m
4
3
St.
Open
Rat*. Mark*
2M
2«
8
4
Berlin
Bank
SH
SH
iH
tH
4
iH
SH
SH
SH
8
4
4
tH
8
8
BM
BM
BM
iH
nom.
SH
4
Open
iH
SH
SH
SH
iH
iH
4
SH
8
nom.
SH
Bank
Rat*. Market
3
non.
SH
4
&
Messrs. Pixley
Abell write as follows under date of
April 7, 1904
Gold— Most of the arrivals have again been bought on Paris aooonnt
and, following on the drop In the exohange, higher prloes have been
paid.
The Bank h*s received £259,000 In sovereigns, of whtob
£250,000 Is from Eiypt. There have been no withdrawals. Arrivals:
South Afrloa, £ 157.000; Bombav. £112,000; Australia, £50.000; River
Plate, £41.000; West Africa. £7,000; West Indies. £2 7,000; total,
£394.000. Shipments: Bombay, £59,250; Madras, £3,000; Calcutta,
£3,040; total, £«\290.
Stiver— The tendency during the past week has been downwards as
India has given but little support, whilst China exohanges have been
decidedly weak, and we hear of sales of silver in India on aooount of
China The market closes quiet at 251, a d. for cash, but forward sliver
Is reoelvlng rather more attention and is now quote l 3 1A d. under spot.
The Indian price is Rs 64*4 per 100 tolahs. Arrlral*: New York,
£214,000; Chile, £3.000; Australia. £2.000; West Indies, £9,000;
total, £227,000. Shipments: Bombay, £105,500; Madras, £250; Calcutta, £10,000; total. £111,750.
Mexican
iliars— These have been negleoted
D
24 7ed. per
and are now quoted
oz.
The quotations for bullion are reported as follows:
Gold.
Apr.
Mch.
SILVXB.
uondon Standard
7.
80.
London Standard
S.
(1
->7
D. S. gold coin. ..oz 76
76
,
6
d
1.
Bar <old n ne .... o r 7710*4
Oern'n gold coin. or *76 bh *76 5i«
French gold ooln.oi *76 6 *76 5
Japanese yen
os "76 5 *76 43g
Bar silver ,flne... os. 2P1, 6
Do 2 mo. delivery 2478
Bar silver, oontaln'g
do 5 grs.gold.o*. 26»i«
do 4 grs.gold.oi. 2630
do 8grs.gold.oz. JM*i«
27Ms
Mexican dollars. .01. 27
V
"Nominal.
A
Mch.
30.
d.
9f%
43*
—
Apr.
d.
2?»o
253 ie
26
SrU3, e
268b
27 »«
2536
The following shows the Imports of oerea I produce into
the Jnited Kingdom during the thirty-one weeks of the
season oompared with previous seasons:
IMTOBTB.
1903-4
1902-8.
(mp'ta Of wheat owt.53.255,161 48.872,582
iarl-y
.968
22.818
19,140,695
)ats..„
.
.. 10.029.098
8.958,209
Peas
1.448.919
1.175,408
Jeans
1.535.848
1,165,975
Indian oorn
31,261.697 23,896,316
riour
14,020,524 11,435,542
-..
——
1900-01.
1901-2.
37.612,700 40,974 500
16,632,400 14.619,300
10,633,400 13,012.200
1,678,430
1,311,200
1,117,400
1,118,640
38,846,100
27,911,800
12,616,000 18,247,000
Supplies available for consumption (exolusive of stock
on September 1):
1903-4.
rVheat Imported, cwt. 62,2.' 6.161
14,020,5^4
Imports of flour
tales of home-grown.l2,S>63,388
1900-1.
1902-3.
1901-2.
48,872,582 37,612700 40.974,500
11,485,542 12,616 000 13.247,000
16,987,822 17,890,260 16,573,633
78,629.073 76,245,946 68,118.960
Total
25s. 3d.
37*. 3d.
ver.prlee wheat, week .27». lid
251. 6d.
26s. lOd
iverage prlee, season. S7s. 2d.
a.
The following shows the quantities
nalse afloat to the Uuited Kingdom:
This utaak. La* week.
8.680.000 3,485,000
t
Wheat
qra...
flour, equal to ars. .
qr»...
tfalie
230,000
616,000
235,000
600,000
70,795,033
26s.
27s.
06.
2d.
of wheat, flour and
1902-3.
3,053,000
342,000
480,000
1901-2.
8,945,000
250.0CO
370,000
8
.
APR.
%
.
THE CHRONICLE
23. 1904.
English Financial markets— Per Cable.
The daily oloslng quotation! for aeourltlei, eto. at London
are reported by oable at follows for the week endlnp Apr. 22:
The receipts of flour and grain at the seaboard ports for
the week ended April 16, 1904, follow:
f(««r,
•rasas,
Otrn,
Oatl,
Barn,,
kM,
»«••*
•Ml*.
km*.
k«a*
,
JLOHDOM.
Sat-
liver, per ounce
24i*
d.
Consols., new, 2 ^ p.ots.
88i*
For acoonn t
ffr'chrentesUn Parle) fr.
9735
Anaconda Mining
A Bants Fe..
Preferred.....
.....
Baltimore A Ohio ......
At oh. Top.
96
82
Preferred
Canadian Paolno. .„... 119V
Chesapeake & Ohio
33k
Chios. Orest Western.. 17J*
Ohio. Mil.
Den.
Do
&
8 1. Paul...
Gr.,oom....
do Preferred.
1484
A Bio
224
Mon.
Wed.
Tuet.
88
B§*ie
891 16
210a
884
884
973 *•«
psilaaelpkla..
3V
93
1204
1194
119V
120*8
33
32V
32V
17
17
1484
147V
334
174
1484
214
72V
224
214
725a
273e
Brie, common ..........
1st preferred .........
2d preferred.... ......
28
Illinois Central
.Louisville
Nashville..
134
A
1D4
1114
Mexican Central.......
3fo. Kan. A Tex., com.
184
18
18
89V
39
17V
394
40
394
394
119V
1)94
1194
1 19
2178
1194
22
22
59V
914
594
914
223a
5908
1014
604
22V
1014
671*
481*
74
40
Preferred
National RR. of Mex.—
1st preferred
m. T. Cent' 1 A Hudson 120
3T. T. Ontario A West'n
223s
* orfolk A Western
Do
pref.
Seourltles....
Northern
Pennsylvania
Southern Paolno
Souta'n Railway, oom
60<>8
60V)
234
23
2208
914
604
22V
404
2278
404
384
504
224
874
404
834
5000
220a
Si
404
8*4
493s
49 7e
22
22
874
864
95
95
11V
60V
594
194
11V
614
194
20
20
40
64
40
64
404
644
«...
874
884
874
S84
95
U. 8. Steel Corp., oom.. H*i
Do
pref.. x60*j
do
lU*ti9t
"
4u
;|
•ftTtflj •••••«••••••*••
'jVsa •••••••••••••••••
WM*t,
6C3a
<ew York
50
2238
forfolk
95
114
114
584
114
aobiis....
57'g
H.John. N.B.
19
40
194
404
644
65
oom. (qu.)
Astor National (qnar.)
Bowery (qnar.)
Oermanla
„
Greenwich
N. Y. National Exchange (qnar.)
Paoiflo(quar.)
Trait Companies.
Hamilton, Brooklyn (qnar.)
Kings County, Brooklyn (qnar.)
Mtaesllaneeaa.
Amalgamated Copper (qnar.)
Amer. Dlst Teleg. of N. J. (quar.)
American Olne, oom
American Graphophone, oom
8ame time
—
.—
Apr.
0.
Apr 16
20o.
14 May
4 May
May
6
May
8
10 May
May
8
May
2
May
2
May
24 May
4 May
2
May
16
Holders of
Apr
Apr
Apr
Apr
Apr
2
2
May 16
to
28
20
reo.
21
21
20
Apr 26
Apr 26
Apr 22
May
May
May
May
May
to
to
to
to
to
May
May
to
to
31 Apr 29
Apr 22
May
2 Holders
$2
1
I
A
Figures Brought from Page 1509. - The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending April 16
and since Aug. 1, for each of the last three years have been:
Same wk. '03.
Same wk. '03.
Since Auq.
1903-1904
Wheat.
Corn.
OaU.
Barley
901-1902,....
1801.
6,700.886
83.788 643
614 760
31,867,803
68,181,797
34,411,900
1,087,948
887,903
48,099.574
117.316.848
6.6'3.S> 6
11.-72.8 8
1.875.-60
Rye,
Oats.
buth,
4«.«»1
10,950
66,922
•
Peat
luik
uik.
Barley
16,887
3,381
"1,181 '17.880
90
600
7,849
18.367
"4,940
186,6^4
970,981
127,513
245.848
"1.898
1,181
82.066
90,591
69,710
18.718
8.475
Week
bbli.
263.942
L8,2o8
8.499,714
1.847,419
748,041
1,101,8>6
148,680
C60.487
——
1,
1908.
Apr. 16
but*.
£>ui/i.
36.47o.660
16,80 >,309
10,020
405.786
188,684 12.880.699
970,981 13.386.967
-Corn.-
Week
Binee July
Apr. 16.
bu$h,
1908.
1.
Wheat.
r-
271,460
1,413,450
65.192,625
97,764.353
Binee Jalty
1,
1903.
but A.
234.294 24.691.191
308.604 86,673.871
5 7
^87,495
14,260
843376
2.400
138,084
2.095
1,418.960
607.3S0
1,168.981
62.993.406
66,188,878
Wheat,
iMitsnat-
busk.
'aw York
Oo
My$,
buth.
Bar«t
160,000
387,000
Oati,
Osrw,
kwsa.
bttik,
616.000
456,000
7,000
33.009
882.U06
05,000
872,000
360.00C
49,000
121,000
613,000
buss.
afloat..
Boston
Philadelphia
Baltimore
231, >00
New Onaaoi*
taiTSStOn
aontreal.
oronto...
464.000
703.000
..
48.
•-••••^
taflalo
36.000
913.000
„.
^o
"T
iie.boe
11*9,000
211,000
71,000
246.000
4,000
21,000
"2.OOO
80,000
189,000
'o'o'.b'o'o
afloat...
Toledo
ju
350,000
311,000
882,000
"V.bb'o
85.00f
'is.ob'o
67.000
"8.066
3,000
....
"
8,048. »«>'•
995,000
*70,bo6
100,800
672,000
'lOOOO
oVs'.'aeo
afloat
Dairolt
Oo
afloat
•ISagO
2,103.000
Do
afloat
oiwaokee
O"
««nat
640.oon
176,000
8.451,0 iu
Fort William
Port Arthur
1,894.000
4.447,000
Duluth
4,8^9.', ',
343,000
880,000
60,000
18.000
2.173,000
188,000
603,090
i2,047,ooc
2,448,000
•••.•••
afloat......
89,000
888,000
1,835.000
48.10C
3,000
994,000
17.000
SansatOlty
612,ooo
673,000
Peoria
ladisnaaolli
1,000
127,00 c
25,000
92,000
03.000
508,000
85,oor
36.000
81,000
152, 000
138,000
88,000
17,000
69.000
Total Apr 18. 1904. 81,869,000
Total Apr
9 in 04. 31,1-0.000
Total Apr 18 1908. 87,271,000
Total Apr 19. 1008. 44,^-2.000
Total Apr. 20. 1901. .49868.000
9.878,000
9,509 oi'O
8,844.000
7.838 000
9 1,324.000
10,350,000
10,34 is.000
1,017.000
945.000
6489 000
881,000
8.114.000
10.911,000
1.M 3.0<H)
s!007,0CO
3.018.000
1,618.000
1,366.000
718,000
Ou
afloat
aiaaaapolis
H. LOBlB
Do
_
78.000
Buth.OOlbi Bims.56 lb* £lMA.32lb 9tMA.481i» Bu.56 ibt
160,500
327,8(8
23,000
967,600
926,661
183.30T'
92.000
147,647
700.890
89,450
13,690
161,50
133,000
25.480
81.000
146.445
156,835
117,70'
153,719
7.987
302.600
8.800
189,620
816,000
19,000
68,400
5,600
276,300
121,400
814.400
1.633.865
9,003.928
2,021,940
1,656,788
1,620,603
1,075.975
611.749
517.872
848,990
56.526
137.786
41,176
16.332
78,586
119.700
27.844
47,570
19.902
10,400
1.636
13,300
1,700
67.806
79.SO"
^385.8
""
1
8.617,272
2.259.70:<
a
Lakes
•
New
•
68.571.372
48.743.710
37.801.991
.
1,013.000
Orleans, last week's stocks; this week's not received.
90
Auction Sales- Hy Messrs. Adrian H. Muller & Son
Bond 8.
Shares.
5 Amer. Exob. Nat. Bank. 227*6
6 Gainesville Water Oo. or
Texas
$2 lot
6.600 Olumblan Mining &
Milling Oo.. $10 eaoh..*l lot
6 Sun Printing & Pub Assoolat'n, $1,000 each,
$2.0iiO per share
100 Merchants' Nat. Bank..l75 1«
12 Wll.iamsburgh Tr. Co. ..241
50 Nat. Bank of Cuba
85
70 Jonroeay & Burnnam... 36
18 United N. Jersey RR. &
OsnalOo
10 Belleville
15,915,425 193.553,025 128,622.666 188.094,833
15.211,466 815.348.4S9 116,268.628 146,970.55
16.665.419 198.179.515 97.689,768 106,36 t,50o
••••
• eansiandrlTer.
Rye.
1.
1902-1908.....
1B0B.
n Mississippi Rlrsr
Breadstuff's
204,290
363,695
356,764
Orleans for foreign
The visible supply of grain, comprising the stocks in
ranary at the principal points of accumulation at lake and
(•aboard ports, April 16, 1904, was as follows:
»
Tot. wk. 1904
16.
31.114
13,081
84,973
9,416
1,975
N.Am Colo's
tksr oountrlsi
'Transfer books not closed.
Kansas City.
63,107
69,715
79,i67
18.781
Sine* July
boil
97,525
Amarlsa.
Total
.
89.975
8,900
1.886
1-7,6 16
6.082.668
1.696 840
914,704
17.976
1,500
23,410
18.737
8,0*4
JTlour.-
Week
rsst Indies
.
6,600
New
16.o7l.fi29
Flour.
bbU.
68,133
607.230
'08.. 1,413, 450 1,468,001
Fotal 1908-08....
to
A
Cleveland ...
St. Louis ....
86.180.0S8
107.267
Assarts for
week and tints
July 1 to—
.
Minneapolis.
63.999.447
Total waak.r~971.460
1. 4%
(Day I Incluxin.)
A
.
32 322.103
45.175,864
34,286
37,000
lalveeton
Jnlted Kingdom
Jontinent
May 8
to
to
Apr 22
reo
Apr
of
22
J'ne 16 Holders of reo J'ne 1
1
do
do
pref. (quar.)..
IV May 15 Holders of reo May 1
Amer. Light & Traction, pref. (quar.). IS May 2 Apr 24
May 2
to
Anaconda Copper Mining
50o. May 19 Apr 24
May 18
to
Butte Eleotnc
Power, pref. (quar.). 14 May 2 Holders of reo Apr 27
Chloago Edison (quar.)
May 2 Apr 24
May 1
2
to
Clallln, H. B., 1st pref. (quar.)
May 1
to
14 Apr 30 Apr 22
do
do 2d pref. (quar.)
May 1
14 Apr 30 Apr 22
to
Consolidated Gas of Baltimore
2
J'ne
1 Holders of reo. May 14
National Carbon, pref. (quar.)
May 15
to
IV May 14 May 2
Procter
Gamble, oom. (quar.)
3
May 14 Holders of reo. Apr 80*
Pullman Co. (qnar.)
2
May IB Holders of reo Apr 30
Trenton Potteries, pref. (quar.)
Apr 25 Holders of rec Apr 21
2
XT. 8 Bobbin <fc Shuttle, com. (quar.).. $1 50 May
2 Apr 21
May 2
to
do
do
do
pref. (quar.).. $1 75 May
2 Apr 21
May 2
to
XT. S. Cast Iron P.
Foun., pref. (qu.)
May 31
1
J'ne
1 May 12
to
United States Express
May 16
to
2 May 18 May 1
United States Rubber, pref
to
J'ne 15
14' J'ne 15 J'ne 1
Mllwaukee
1,181
857
itwo'itNlwi
954
Book* Clo»*&.
Cent Payable
Banks.
American Exchange National
163.365
17.460
08,000
6".922
4,910
17,477
1.875
to April 16 compare as
1
18.P58.186
25.6*3 019
in.630.7b9
1,400.019
466.414
171,497
188.570
9.668
fawOriaans
874
When
Per
San Fran, (m'thly)
Tr., Miune.,
Ifl>li.l9fll5i
6.1*8
1,1X0,119
1.48J.646
616,606
1,746,508
1008.
6.809,403
118.7HO
62.600
84.148
loston
•ortiand, Ma. 140,085
kliadslpkla
laltlmora
,
Flour.
800
105.8SI
42,102
29,000
1,400
1904.
6,073.861
Oeru,
»u«k.
Mxtorti fretn- hut*
234
404
334
87 'e
Street Rallwaya.
California 8t 8an Fran, (monthly)
75o. Apr 13
•4 May
Nor. Texas Trao., Fort Worth (quar.).
2 Apr 26
Receipts atr-
"
Tstsl grain......
Jr.
Ferries,
18,980
1.800
40.72
8.295
1,176
600
Toe destination of these exports for the week and since
1, 1908, is as below:
JVoom of Company.
&
69.HOO
11,416
The exports from he several seaboard ports for the week
eading April 16, 1904, are shown in the annexed statement:
t&ommzv cial and !JliscjcUawje0ttsH£Xtf5
DiTiDRNDs.
Presidio
647,268
1,970.460
bash.
July
Twin Otty Rap.
882.530
819.83J
boil.
orn
ah»p»
* F*M*»# rtmr
...... ......
874
64 4
107,267'
•)-
88
95
39V
2.400
140,036
16.000
1*,387
B....
fstat
394
914
9.90
7,H4t>
i903_. ......
now.
6V
394
394
813.500
144.444
1S.V68
85,000
81,<86
Total receipts at ports from Jan,
ollows for four years:
18
39
101
870a
Preferred..............
_.
Wabash
Do preferred.. ....
Do
neb. "B"
224
64
18
84,774
10.048
9,-34
1,000
Receipts do not lnolode (rraln passing through
on through bills of lading.
*
134
111
UOV
181,69%
141.8H9
3,657
67,805
102.118
4<)0
1400
porta
66V
424
134
6
60*8
5079
Union Pacific
Preferred
7
7V
1004
834
.
42
1334
110V
59V
914
1004
A
43
'
Totsi wssk...
Week
840.000
657
••••••« ••••
Ms
Miblls
St. John, H.
273b
664
424
6609
133V
1114
10-4
914
-Phlla. A Bead
•Phils. A Read., let pref.
•Phlla.
Read., 2d pref.
434
134
69 V
598*
do
274
66V
27 '8
67 4
TtlanS,
93
17
147 V
724
274
torfolk.
talTSItOB
93V
81V
.....
wport News......
•
75 4
814
924
22
73
sw Orleam*.
3V
80s
...
•Himond
884
740g
9->4
......
Baltimore
97 60 97 70
744
954
814
924
167.464
4S.H68
6,868
6B.5-8
36,327
2.940
11.888
13,781
Boston
Moat r sal. ............
88S ia
883 l§
»83 16
97374 9750
3*
3V
7ft3s
754
954
96
817a
81V
334
174
1484
224
734
tffsw i ori.........^.
Fri.
24i3, e ~24l3ie
24V
884
98
120
Thurt.
1477
6,753,884
8,829,738
4.680.974
&
Oo. pref
St. Nat.
3 34th
265M
So.
111.
Bank
RR.
$1,000 Gainesville Water Co.
of Texas 2a modified 2-4a,
$100
J&J
Trust, oertif. ser. O of benef.
int. in judgments aeaiast
Olty of Austin, Tex., issued
in lieu of $1,000 Olty Water
$55 lot
Oo. 2ds
$68 92 Trust, oertif. ser A of
benefioial Int. Id judgments
agst. Olty of Austin Tex .$6 lot
$5.o00 General Gas EW-ot.
Pow. Oo.
<fe
of OonDersvllle,
Iud., 1st 5s. 19 12.
$40,000
120
209 1*
:
F&A..$25
Amerloau
lot
Cotton
70
deb.6s. 1905
$75,000 U. B. 8hlpbldg\ Co.
1st ser.
A
5s. 1932.
1903, coupons on
July,
25
.
1
1
THE CHRONICLE.
1478
New York City Clearing House ttanks.— Statement of
condition for the week ending April 16, 1904, based on average of daily results.
We omit two ciphers (00) in all case*.
BAXKS.
Capital.
Surplus.
Loans.
Specie.
Legate.
t
Deposits £e-
[Vol. lxxviii.
New York
City, Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
We omit two ciphers (00) in
Capital <IBANKS Surplus.
Loans.
all these figures.
Legals.
Specie.
De-
Circu-
pos-its.t
lation.
Clearings.
ft'CP.
$
Bk. of N\ V
Manliat. Co
Merchants'
Mechanics'.
America
Phoenix
...
City
Clirmical
..
Merch. Kx
.
tfal latin
But. ct Drov
Mech.&Tra.
Greenwich
Leath.MIra.
Amer.Exch.
Commerce..
Mercantile
Chatham
People's
...
...
N. America
Hanover
...
Citizens'
..
Nassau
Mar.ifc Fult.
Shoe.fcI-.thr.
Com Kxch
Oriental ...
liny. & Trart
.
Park
East Kiver
Fourth
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Ave..
Fifth
German Ex.
Germania
..
Lincoln
Garfield
Fifth
Bk. of Met..
West
2,000,0
2,050,0
2,000,0
2.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
600,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
500,0
300,0
Liberty
N.Y.Pr.Ex
New
Amst.
Total
...
1,000,0
1,000,0
500,0
350,0
2,812,
18,8
17,675,'.'
7,595,1
361,4
2,223,9
117,5
346,8
537,7
919,9
4,127,1
11,860,0
4,
200,0
Side..
18.911,0
20,560,0
14,041.8
i
i
608,5
1,091,8
896,0
2,079,1
6,460,0
1,047,3
541,7
313,4
1,273,9
367,7
3,291,3
1,042,0
6,681,4
7,009,1
141,8
3,017,4
1,380,4
13,714,0
891,*
775,9
660,7
613,8
3,955,5
1,746.3
665,5
882,7
1,320,5
1,274,1
380,6
1,470,7
539,2
1,418,0
595,1
1,939,8
502,1
561,3
546,9
$
$
2,536,0
2,399,3
1,418,9
3,562,4
270,2
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
Seaboard ..
IstN.Bklyn
$
$
21,473,9
3,981,0
172,603,2
24.037,5
6,359,0
7,944,5
2,044,8
4,346,0
2,236,1
4,772,5
31,492,0
165,276,2
25.182,6
2,892,3
6,003,2
2,112,3
16,465,0
47,512,2
6,290.0
16,879,8
2,530,0
6,657,2
7,173,0
29,099,0
7,172,0
24,610,0
67,236,0
1,148,2
20,821,7
8,762,0
82,798,5
7,498,6
2,884,0
4,543,4
3,508.1
39,616,3
9,085,2
2,663,0
3,202,4
9,985,1
7,386,1
2,451,1
8,368,5
3,144,0
14,272,0
4,243,0
11,188,9
5,046,5
5,520,4
4,839,0
$
P.C.
3,411,0 1,487,0 18.528,0 26-4
8,479,0 2,190,0 27,71 8,0 38-4
3,017,9 1,335,2 16,368,7 26*6
2,173,0 1,780,0 14,334,0 2< ;>
3,409,9 2,108,3 22,760,3 24-2
195,0
887.0
8.762,0 2S-,
37,898,0 7,561,8 174,712,3 260
6,321,1 1,809,1 24,741,1 854-8
661.6
5,679,6 24'5
833,9
610,9
940,1
6,674,4 *6-6
39,1
581,2
2,354,6 26-3
632,0
560,0
4,620,0 23-6
407,3
649,1
2,164,1 44-1
180,8
1,342,6
4,915,4 301
4,073,0 1,784,0 24,430,0 23'tl
27,938,0 11,388,1 150,314,6 2a-l
4,6(57,1
1,201,4 22,339,9 2 b 2
603,0
430,0
3.787,0 24-tf
870,4
637,8
5,963,4 2.T2
145,3
538,5
2,645,9 25 8
2,763,6 1,577,4 15,959,6 27-1
13,055,9 3,997,7 59,759,9 285
971,7
539,1
5,723,0 2b-4
3,690,5 1,385.2 19,713,8 25-7
426,0
352,0
3,151,6 24-6
633,4
964,4
6,619,0 24-1
306,0
2,023,0
8,580,0 av*i
6,028,0 2,879,0 35,396,0 25-1
349,1
1,347,7
7,071,4 24/0
4,175,0 1,351,0 22,120,0 24'9
18,134,0 4,535,0 79,370,0 2S-o
166,0
179,1
1,289,4 26'/
3,548,1 2,656,6 23,421,6 26'4
1,118.0 1,442,0
9,737,0 20-2
27,212,4 1,932,5 84,776,0 34-3
486,3
1,320,7
6,835,5 204
430,0
276,0
3,270,0 21-5
969.6
484,8
5,700.3 260
628,4
214,5
3,369,2 25-0
14,173,7 1,623,4 50,344,7 31-3
225,2
2,376,1
9,937,0 26-1
180,0
578,0
3,254,9 23-2
425,1
761,4
5,161,1 230
733,8 1,605,1 10,011,9 23-3
307,1
1,649,0
7,538,4 259
493,9
148,2
2,668,6 240
917,2 10,128,0 24-8
1,602,4
704,0
324,0
3,972,0 25-8
3,104,0 1,539,0 17,003,0 27-3
614,0
713,0
4,570,0 29-0
240,0 10,294,2 28-4
2,690,3
825,5
339,1
5,159,1 22 -b
790,3
829,2
6,439,0 25-1
256,0
1,032,0
4,910,0 26-2
115,572,7 134,279,0 10432641 228,746,0 72,838,2 10971184 27-5
t
t
Total United States deposits included $56,191,700.
—
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Apr. 16, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
N.Y.
9
$
Mar2t; 247,938,9 10078637 217,727,1
247,938,!i 10227071 228,390,1
249,851,7 10385330 223,101,4
249,851,7 10432541 228,746,0
Apr 2
Apr 9
Apr 16
Capi-
Sur-
00a omitted.
tal.
plus.
Invest-
Specie.
ments.
Net
Leg. T.
&Bank
Notes.
Clear'g Other
Deposits
Agent. Bk&.&c
52,635,4 174,499,0
62,635,4 173,817,0
52,635,4 172,451,0
16,441,0
16,115,0
17,385,0
Man&Br'nx
58,936,0
60,153,0
64,050,0
48,167,1 190,519,0
48,167,1 191,296,0
48,167,1 189,544,0
$
10Q.0
300,0
100,0
200,0
Hamilton .. 200,0
Mt. Morris
250,0
Mutual
200,0
19th Ward
200,0
Plaza
100,0
Kiverside ..
100,0
State
100,0
12th Ward
200,0
23d Ward ..
100,0
Yorkville ..
100,0
200,0
Fidelity ....
Jefferson ..
400,0
Century ...
100,0
Wash. Hats 100,0
United Nut. 1,000,0
Columbia
..
14th Street.
Gansevoort.
$
226,9
266,0
112,0
78,0
120,2
118,9
178,3
204,0
248,2
102,7
571,8
103,1
93,6
271,4
119,1
271,2
58,7
129,7
114,5
$
2,165,3
3,301,0
1,570,1
1,764,4
2,784,5
2,317,1
2,600,8
1,337,3
3,017,0
1,090,0
7,237,0
1,588,0
1,253,5
1,924,4
741,2
2,001,3
619,8
698,1
2,034,9
$
58,8
184,0
83,5
19,3
163,8
142.6
20,4
25,5
147,0
18,3
468,0
62,0
49,4
31,8
10,0
13,6
19,8
11,2
261,2
$
203,2
107,0
104,9
94,7
91,8
85,2
221,8
134,2
132,0
77,2
269,0
208,0
142,9
202,4
44,6
83,1
25,6
26,8
59,4
378,5
322,0
476,5
155,9
134,9
330,1
200,0
239,9
446,0
75,2
99,0
140,0
148,3
408,9
52,0
205,3
35,6
62,4
82,6
$
713,7
3,5
100,0
82,6
225,0
64,9
1,2
364,1
209,7
727,0
6,2
174,1
1,8
83,1
87,6
3,098,4
3,458,0
2,168,8
1,963,4
3,169,8
2,995,1
2,670,4
1,807,7
3,425,0
1,305,2
8,380,0
2,052,0
1,681,2
2,260,9
714,9
2,012,7
633,6
475,5
1,325,3
Borough ol
Brooklyn.
Broadway
Brooklyn
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau
Nat.
-Nat
!lty
(
North
..
Side.
Peoples
17 th
Ward
.
Spra^uoNat
Wallalmut
Borough
.
...
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
325,7
156,5
530.9
376.9
68,9
743,6
687,0
171,4
177,0
83,2
256,0
110,7
76,7
86,9
2,057,3
1,542,9
8,078,3
6,282,0
1,019,6
5.149.0
3,266,0
1,034,4
1,243,0
610,4
1,131,0
1.160,0
752,5
1,559,4
26,4
106,6
283,1
210,9
14,6
200,0
139,0
14,1
40,2
10,7
98,0
44,2
62,6
21,8
163,0
408,3
67,8
317,2
145,7
721,2
534,8 1,099,9
63,4
113,3
350,0 754,0
379,0
692,0
67,7
34.4
149,4
220,0
68,8
25,0
88,4
45,0
117,0
64,3
228,0
112,3
47,2
122,6
25,7
60,7
60,0
10,0
27,0
225,0
263,4
103,1
78,4
30,0
375,0
72,1
80,1
2,296,9
1,757,5
3,860,4
7,974,2
1,118,9
5,433,0
4,133,0
1,138.7
1,659,2
667,4
1,170,0
1,470,0
791,5
1,682,4
lstNat.,S.l.
100,0
106,1
743,3
66,S
10,0
131,6
400,0 1,040,8
3,755,8
161,1
250,0
250,0
200,0
648.8
277,9
287,0
2,097.7
1,017,7
1,209,7
79.3
56,8
05,4
67.9
18,0
80,3
110,0
125,0
520,9
147,0
2,329,5
1,008,9
161.1
86,0
26.5
37,6
Hudson Co
National
.
Second Nat.
Third Nat..
804,6 1,686,1
—
;
FOREIGN IMPORTS.
For week.
Total
Since Jan.
5,780,1
401.1
228,9
738,9
157,9
14,0
4,9
2,090,9
1,107.2
1,868,5
120,3
240,7
177,3
2,359,?
1,223,5
Houokkn.
First Nat...
Second Nat.
Tot.
Tot.
Tot.
Apr 16
Apr 9
Apr 2
8
1.
8.387,0 101638 81.997.7 3,041.8 5.097.6 12321 5,784,1 95,812.6
8.487.0 10228'J 82.781,9
:.,i 13,6
5,326,8 96,637,4
8,487,0 102070 81,880.1 3,490,3 4,691,6 117965 5.334,1 93,633,5
1902.
1903.
1904.
General Merchandise
1901.
$1,960,596
9,320,643
$2,897,138
8,627,224
$2,212,898
8,295,844
SI, 99 7, 02 5
$11,281,239
$11,424,362
$10,508,742
$12,534,444
$40,3S1,123
142,323,798
$47,470,966
137,885,356
$40,863,964
125,537,980
$35,503,931
132,608,850
10,537.419
1.
Dry Goods
General Merchandise
Total 15 weeks
$182,654,921 $185,356,322 $166,401,914 $168,112,781
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 18, and from January 1 to date.
The imports
EXPORTS FROM
For the week
Previously reported..
Total 15 weeks
NEW YORK
FOR THE WEEK.
1904.
1903.
1902.
1901.
$8,128,543
137,551,843
$8,765,912
148,947,814
$9,977,480
135,182,913
$12,729,536
147,122,516
$145,680,386 $157,713,726 $145,160,393 $159,852,052
Note.— As the figures of exports as reported by the New York Cnstom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending April 16
and since Jan. 1, 1904, and for the corresponding periods in
1903
and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Exports.
Gold.
Week.
Great Britain
France
Imports.
Since Jan.
Week.
1.
Since Jan. 1.
$2,000
4,489,992
$1,520,000
$16
1,173,457
49,235
1,800,525
2,000
1,803
60,025
All other countries
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
$1,571,828
47,000
24,4151
$24,431
10.41Q
51,142
$7,517,209
2,479,725
16,787,427
$2,047,346
598,332
1,149,512
106,423
33,119
437,624
23,327
$4,395,683
2,391,584
1,051,264
$5*5,716 $12,653,443
301,559
France
$1,422
7.117
60,630
136,478
60,356
$80
West Indies
923
89,117
1,350,800
8,653
3,6b"<7
457
$547,095 $14,403,572
573,745
11,240,631
822,118 12,186,136
$3,080
30,460
23,189
Mexico
South America
All other countries
Total 1904
Total 1903
Total 1902..
1.937
$257,940
862,625
414,066
Of the above imports for the week in 1904, $
were
American gold coin and $80 American silver coin. Of the
exports during the same time $25 were American gold coin
and $250 were American silver coin.
Auction Sales.
^^^^^^^^—
'
'
—See page
preceding.
^^-^— !
—
'
"
!
,.,,.,
.^—^^—^^—^^^^—
.
I
—^^
..
^atiliiw0 aucl IJtuatictal.
Spencer
&
Trask
Co.,
....
Bankers,
NEW YORK.
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying; the investor 5%.
741,7
984.3
90,770,4
117,063,7
109,329,7
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
April 14 and for the week ending for general merchandise
April 15 also totals since beginning first week January.
Jersey City
First Xat...
221,196,0 10,847,0
224,670,0 10,905,0
228.485.0 10,928,0
;
WILLIAM & PINE STREETS,
Borough ol
Richmond.
116,101,2
131,160,6
130.63S,
" due To other banks,"
t Including for Boston and Philadelphia the item
and also Government deposits. For Boston these Government deposits
amounted on April 16 to $5,072,000 on April 9 to $5,066,000.
Mexico
South America
Colonial
7,248,0
7,255,0
7,238,0
4,873,0 197,324.0
4,928,0 202,984,0
5,246,0 208,648,0
I'liila.
Apr 2
Apr 9
Apr 16
Germany ............
West Indies
N. Y. City. J
Boroughs ol
1,141,098,3
1,064,278,7
1,155,994,1
1,142,203,1
Bos.
Apr 2
Apr 9
Apr 16
Deposit with
BANKS.
$
$
$
71,908,9 10486685 36,936,0
71,707,:. 10693694 36,880,0
71.193,2 10856128 35,622,8
72,838,2 10971184 35,314,2
Members N.
INVESTMENT
SECURITIES.
Stock Kxchan«e.
Branch
Y.
Moffat
OUice. 05 state
&
St.,
Albany.
White,
Members New York Stock Exchange,
1 NASSAU STREET, CORNER WAI..L,
JDculerti In Investment Securities.
Tel. 5820*5821 Cortlandt.
Telephone Stocks a Specialty.
Apr.
6
2
:
THE CHRONICLE.
23, 1904.]
1479
The market for railway bonds has been dull but generally
steady to firm in tone. The largest volume of business was
recorded on Tuesday, when the transactions aggregated
For Dividends see page 1477.
about $3,250,001) par value, although the average has been
little more than half that amount.
WALL. STREET, FRIDAY, APRIL. Zi, 1904.-5 P. M.
United States Steel 5s have been prominent for activity,
The Money Market and Financial Situation.—The events
and
after a tendency to weakness close with a small fracof the week have not been such as to change the character
Wabash debentures were strong on a good
tional
loss.
of the markets or stimulate an investment demand for
Island RR. 4s and St. Louis Southwestern
Rock
demand.
rather
wide
been
some
fluctuations
There
have
securities.
a point on limited transactions.
advanced
con.
4s
in special issues, but the market as a whole has attracted
Sales of. Government bonds at the
Bonds.—
States
United
but little attention. More consideration has been given in
certain circles to the developments in the Northern Securi- Board were limited to $10,000 4s, reg., 1925, at 182Jg. The
ties case, although general public interest in that subj;ct is following are the daily closing quotations; tor yearly range
see thxra page following
subsiding as it narrows down to a matter of details.
Another week of unusually cold weather has had a deInterest Apr.
Apr. Apr. Apr.
•40
Periods
18
19
16
pressing effect in all departments of activity, including
Wall Street, where the securities of several railway equip- 2s, 1930
-Jan *106»4 106'4 l'J5»« *1054 •1064'*1064
registered
ment companies have suffered a severe decline. Reports of Ss, 1930
-Jan *106»4 106»4 106»4 *105»« *i064*io54
ooupon
railway earnings have been disappointing in many cases and Ss, 1930,amaU.regl8tered
ooupon
la, 1930, small
future traffic depends so largely upon the crops that more 3s, 1918
•106
"106 *1064 1084 1064
-Feb *106
registered
-107 •107 •107
-Feb *107
'107 4 107 4
ooupon
seasonable weather is looked for with interesc.
Is, 1918
-Feb
1918, small.reglsterert
Gold exports have been renewed, $1,500,000 having been 8s,
105*4
105*4
*
*
ooupon
-Feb
•ioe'4
•1064*1054
*io64
small
8s, 1918,
engaged for shipment. This movement, however, has no 4s, 1907
registered
Jan *107»4 "107 »4 -107*4 •107=8 •1074*1074
ooupon
-Jan *107»4 *107»4 •10734 •107 «fe •10741*1074
perceptible effect upon the money market, and large sums 4s, 1907
registered
-Feb •1324 •1324 *132's 132?e *183 1*184
4s, 1926
have been negotiated on call at 1 per cent, the lowest rate 4s, 1926
coupon
-Feb •1324 •1324 •1824 *13278 •18* 1*133
for actual business in many years. The Bank of England's
"This is the price bid at the morning board; no sate was made.
discount rate has again been reduced, this time to 3 per
Railroad and Miscellaneous Stocks.—The stock market
cent, showing that easy money market conditions and proshas continued dull and generally irregular throughout the
pects are universal.
week. The tendency was downward until Thursday, when
The open market rates for oall loans on the Stock Exchange a better tone developed and a noteworthy advance has
during the week on stock and bond collaterals have ranged been made in several cases.
from 1% to 1% per cent. To-day's rates on oall were 1 to
The anthracite stocks were favorites, Delaware & Hudson
1% per cent. Prime oommeroial paper quoted at 3%@4 per and Lackawanna being exceptional in an advance of about
cent for endorsements and 4@4% p. c. for best single names.
Metropolitan Street Railway was conspicuous
5 points.
The Bank of England weekly statement on Thursday on Tuesday for a decline of nearly 4 points, which later
showed an increase in bullion of £481,605 and the percent- it has recovered. Canadian Pacific and Manhattan Eleage of reserve to liabilities was 46'70, against 46-78 last week; vated have been relatively strong, and Rock Island prethe discount rate was reduced from 3% to 3 per cent. The ferred, on limited sales, advanced nearly 2 points. Union
Bank of Franoe shows an inorease of 35,725,000 francs in Pacific and Southern Pacific, on the other hand, have been
gold and 4,900,000 franos in silver.
notably weak, and a large proportion of the active railway
WBW TORK OTTT CLEARING-HOUSE BANKS.
list is fractionally lower.
flankers'
(5a*jettje,
UT
Differences
1904
Apr. 16
1903
from
previous week
115.572,700
Surplus
134.279,000
discounts
Ino
1,048,254.100
Loans A
Circulation
35,314,200 Deo
Capital
4,721,100
308,600
•1,097.118.400 Ino 11,606,600
228,746,000 Ino 6,644,600
72,838,200 Ino 1,645,000
Net deposits
Specie
Legal tenders
Beaerreneld
36
p. 0. of
deposits
301,684,200 Ino
274,279,600 ino
1902
Apr. 19
Apr. 18
108 822,700
127,666,500
905 207,300
43 496,000
!*887,29O,200
160,972,500
66,857,700
83,622,700
103,665,700
894,491 400
30,978,900
962,774,200
172,332,400
72,439,800
227,830.200
244.772,200
238,193,550
7,289,600
2,901,400
221,822550
37,304 600 Ino 4.388.200
6,007,650
6,578,650
Surplus reaerre
•$56,191,700 Cnlted States deposits included, against $56,121, 400laat
week and $37,264,400 the corresponding week of 1903. With these
United States deposits eliminated, the surplus reserve womld be $41,362,625
on April 16 and $86,946,750 on April 9.
Norn.— Returns of separate banks appear on the preoedlng page.
Foreign Exchange.
—The market for foreign exchange was
generally strong this week, influenced by a good demand
for remittance; the tone was easier at the close except for
long, which was firm. Gold exports for the week, $1,500,000.
To-day's (Friday's) nominal rates for sterling exchange
Towere 4 86 for sixty day and 4 88@4 88% for sight.
dav's (Friday's) actual rates for sterling exohange were
4 8530 @4 8540 for long, 4 8730@4 8735 for short and 4 8755®
4 8760 for oables. Commercial on banks, 4 8485@4 8495, and
docn tnents for payment, 4 8425@4 8515. Cotton for payment,
4 8425@4 8435; ootton for acceptance, 4 8485@4 8495, and
grain for payment, 4 8510@4 8515.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 17%*@5 17% for long and 5 15%f@5 15% for short.
Germany bankers' marks were 95@95 1-16 for long and
95 7-16f@95 7-16 for short. Amsterdam bankers' guilders were
40 3-16(340 3-161T for long and 40%**@40%TI for short.
Exchange at Paris on London to-day, 25 f. 12% c; week's
range, 25 f. 13% c. high and 25 f 12% c. low.
The week's range for exchange rates follows
.
I
»
4 8540
4 8745
I
* 4 8520
4 8730
Pari! Bankers' JYanes—
High... 5 174t
® 6 174
6 lS^t
Low... 5 174* »5 174
6 16H*
Germany Bankers' Marks—
957 16
High...
95
3 96h«
Low....
PoM
94"is * 96
Amsterdam Bankers' Builders—
40%**
High...
40» 19 * » 408ie
Low... 14 8610
|
I
I
I
I
t
I
I
I
I
I
Low....
Less
:
I
* i
40411
u of 1%.
•
t
I
40» le *
H% of 1%.
-Cables.
-Short.-
-Long.-
Sterling Actual—
High... 4 8530
406ieT;
* »as of
1%.
-» 4
*a>
8755
4 8786
1
«
4 8785
4 8775
4 8755 -3 4 8760
5 15"s
6 15»8t
«
®
96»i«
96*4
«
®
40H"l
40*»
Plus
:
*I
lis of
1%. **
*«« of
1%.
New Orleans, bank, 40@30c. discount; oommeroial,
75@50c. per $1,000 discount; Chicago, 20c. per $1,000 premium; St. Louis, 40c. per $1,000 premium; San Francisco,
$150 per $1,000 premium.
State and Railroad Bonds.—Sales of State bonds at the
Board include $1,000 Tennessee settlement 3s at 96%, $500
Virginia fund, debt 2-3s at 92% and $1,000 Virginia 6s de;
ferred trust receipts at 7%.
Industrial issues have been more active than of late, and
in some cases the fluctuations have been wide. Pressed
Steel Car declined nearly 5 points, and American LocomoFoundry have been decidedly weak on untive and Car
favorable traffic reports and outlook.
Coosolidated Gas
advanced 7 points on the prospect that its revised charter
will become operative, and United States Rubber preferred
United States Steel preis 4 points higher than last week.
ferred has covered a range of nearly 5 point3, closing with
a net loss of 4.
For daily volume of business see page 1488.
The following sales have ocourred this week of shares not
represented in our detailed list on the pages whioh follow.
&
stocks
Halts
WttK Ending April 22
Week
400
Allis-Ohalmers Co
Preferred
Amer Agrloul Cbetn
Amer Teleg & Cable
Assoc Merchants, 1st prt
Cleveland & Pittsburgh.
Commercial Cable
Consolidation Coal
Detroit City Gas
>
Homestake Mining
Nat Enam & Stamping..
N Y Dock
Preferred
NT4NJ
Telephone ...
Phoenix Cold Mining...
Standard Mining
Toledo Peoria <& West...
United Fruit Co
Range }or Week
for
Range
since Jan. 1.
64Apr22
7 Aprl9
6 Mai 15 Feb
404Apr22 394Mar 64 '.Feb
13HAprl9 13 Mar 14*4 Jan
86 Apr 19 82 Jan »6 34Jan
924Apr21 92 4 Apr 92 4 Apr
165
180 Apr 20 1784Apr 181 Mar
210
187 Apr 2
1634Jan 193 Feb
120
66 Apr 16 644Apr 88 Mar
200
724Aprl6 724Apr 764Jan
10 5178 Apr21 5 IT, Apr 21
494Mar 61»a Apr
100 194Apr21 194Apr21
17 Jan 21 Jan
100 20 Apr 21 20 Apr 21
20 Apr 20 Apr
100 40 Apr 16 40 Apr
40 Apr 41 Feb
30 1434Aprl9 1434Apr20 140 Feb 150 Jan
3,g00 •11 Aprl» •11 Apr 20
08 Mar -16 Jan
400 2 66 Apr21 255 Apr21 2-25 Feb 2 75 Apr
10 17 Apr 22 17 Apr 22
17 Apr 17 Apr
700 101 Aprl6 105 Apr22 96 Feb 106 Apr
300
200
139
100
40 Apr 2
Apr 21
86 Apr 19
92 4Apr21
179 Apr20
170 Apr 18
644Apr22
72 4Aprl6
13
'i
1
Ontside Market.— Trading in the market for unlisted sebeen on a limited scale again this week, and
while some weakness has been displayed, the general trend
of values has been toward a higher level.
In the early part
of the week the price of Northern Securities stook declined
from 98^4 to 97%, but on Tuesday, on the announcement of the decision of the United States Circuit
Court of Appeals at St. Paul, denying to the Union
Pacific interest the right to intervene in the Northern Securities suit, the stock developed considerable activity, which
was accompanied by an advance to 99% later in the
week the price reacted to 98% and then "rose to 99%; the
close to-day was at 99. Northern Securities " stubs " sold
curities has
;
It
The following were the rates for domestic exohange on
New fork at the under-mentioned cities to-day: Savannah,
12%o. per $1,000 premium; Charleston, 25c. per $1,000 pre-
mium
%
to-day at $250, an advance of $47% from the last previous
reported sale.
Great Northern preferred (when released)
dropped 6 points to 169 and later recovered to 170. Noithern
Pacific (when released) lost %% points to 133, but to-day reacted to 134%.
After a gain of 1 point to 631, Standard Oil stock sank to 622.
American Writing Paper
common rose from 2% to 3%, while the preferred moved up
2 points to 14%; the bonds advanced from 71)4 to 75%.
Light, Fuel & Power of W. Va. gained 2% points to 36^,
closing to-day at 36%. Mackay Companies common rose 6
points to 24%, while the preferred lost 5% points, to 68, recovering, however, at the close to-day to 70. Brooklyn
Union Gas debenture 6s moved up from 171 to 175. Tonapah
Mining of Nevada gained 2% points, to 10%; the close today was at 10. Greene Consolidated Copper moved irregularly between 14% and 15%, closing to-day at 1534.
Outside quotations will be found on page 1488.
4"
New York
Stock
4
54
3
1
.
Exchange— Stock
65
Weekly and Yearly
Record, Daily,
OCCUPYING TWO PAGES
STOCK*— HIGHEST AND LOWEST SALE PRICES
Monday
Saturday
April 16
•24
•62
73 4
93 4
•24
•62
27
06
27
•24
27
'24
56
•52
72 14
57
vv_>
73%
92% 03 Hi
73%
92% 934
78% 8H'„
73
934
79% 79%
{90% 90 34
464 46 34
•120 4
«132
704
79*4
•90
•.in
90
45%
46=8
'1201s
•132
116%
•65
66 Hi •66
4
168
•166 158
32=8
32 4 32»4
f
1164
116 3
32 %
•180
•121
200
*374
3s
90 3
4
•80 Hi 83
•180 200
•121
130
'132
66
160
31% 32
156
'
132
Hi
i'eo
l.'io
8i
37
37%
32
'4
•80
80 Hi 80 H
•180 200
'121
•121
130
37%
83
130
734 73%
034 94
70 4 79%
•904 91
01
464 474
45 4 46%
•115
1204
•132
132
116% 117 Hi
•65
65 4
1174 118
159
1604 161
65^ 65%
161
324 324
37% 37%
•S04 83
200
130
164 16
•85
00
1
140
175
'135
140
135
105
17.r)
169
*8% 10
"19% 21
{8
8
6%
•19% 204
5% 0%
32
•31
32
•75
•106
76
120
'106
120
17
•54
"23
•153
•270
•17
55
£4
1544 153
276 •269 4
•31
Hi
I
75
764
17
174
65
24
55
24
154%
274
21Hi 214 •214 224
«71% 71% 70 4 704
•20
•20
25
25
*84 OH
»63
64 Hi
8
"7%
144
26% 27%
654 66
42 4 42 34
»12
•58
63
78
•70
•404
•70
•804
81
13034 130 34
•18
20
•35
37
•24
30
27
100
275
108 4108 34
142 1424
•77
81
113 34 1144
74
•125
•47
•85
6134
•117
74
173
•108
•36
24
•26
•00
250
•48
108
142
78
100
275
•00
•250
40
96
61
•117
•17
37 34
4
110
383* 39
"18
10
65
100
66
117%1184 1174117%
•17
77
70
20
774
78 34
78 34
644 644
23
23 4
634 634
64
64
•10
•38
•18
12
41
•10
20
•18
12
41
20
*:;s
10
6
32
'105
754 754
•20
25
10
20
4
25
10
20
20
•614 63
•0
74 8
•74
•12
•114 14
264 26% 264
26%
66
64% 65
65
•41
41
42
414
57
78
170
180
69
69
81
•57
170
8
•804
37
28
•35
37
•24
28
•00
100
275
49
'250
77
6%
6%
{120
•47
86
'60
•117
•17
63
'70
p. c. pref.
p. c. pref.
&
"A"..
"B"..
St. Paul.
11
pref
Do
Do
pref
Chic.
pref
&
Cm.
L.
St.
404
•60
68
81
81
i*»>%13l
180
•36
*23
70
'
80% 80%
184 194
37
20
100
275
1424
77
64
120
56
06
61
110
'00
'250
Detroit United
Duluth
So.
*
Shore
Evansv.
& Terre
Atl..
Haute
Do pref
Worth* Den. a.stmp.
Great Northern, pref..
Green Bay* W.. deb. ctf.A
Do
Hocking
deb. ctf.
B
Valley
Do pref
Lllinois Central
Kanawha*
Michigan..
684
C.Ft.S.*M.,tr. cts. pfd
104 Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs
364
184 Keokuk * Des Moines..
62
Do pref
284 Lake Erie & Western.
100
Do pref
i
276 L. Shore * Mich. South'n
•49
48 63 Long Island
107% 1084 •108 108 34 Louisville* Nashville...
142 4142% 142% 1434 A/Ianhattan Elevated...
70
704 70
804 i'-Letrop. Secur., sub. rec.
111% 114
1134114% Metropolitan Street
Met. West Side El. (Chic.)
64 6%
120 135
5
•120
•47
•85
136
55
05
61
•117
120
•47
55
85 05
•604 61
•117 120
Do pref
64 Mexican Central.
4
61
>
Michigan Central
* St. Louis.
* S. S. Marie.
Kansas * Texas
Minneapolis
Do
pref
Minn. S. P.
Do pref
Mo.
Do
pref
Missouri Pacific
Nash. Chan. & St. Louis
at.of Mex, non-cum.pf
Do 2d pref
N. Y. Central * Hudson..
N. Y. Chic & St. Louis...
•100 110 •100 110 •100 110
Do lstpref
•60
66
65
•60
60
65
65
Do 2d pref
1804 189 41804 {188% 189 4 180 4{189 34 N. Y. N. Haven * Hartf.
214 214 214 214 214 21% 21% 21% N. Y. Ontario * Western.
67% 68% 57% 6734 68
584 58
584 Norfolk & Western
88 90
89 4 80 4
88% 88% •88
00
Do adjustment, pref.
•62
•52
•52
66
5»
•62
65
55 Pacific Coast Co
•85 100
•86 100
•85 100
•86 100
Do lstpref
•63
•62
66
*«2
66
•63
65
66
Do 2d pref
116 34ll7% 116% 117% 117 117% 1174118 Pennsylvania
"17
•17
•17
20
20
•17
22
20 Peoria* Eastern
• 784 79
78
78
78
78
•764 70 Pore Marquette
•100
•60
•180
110
62 4
03 4
44%
•78 4 78%
64 Hi 644
22% 234
634 63 4
•10
•38
'18
65
•92
60
{9«
12
41
•0
•37
•17
60
00
pref
*
•68
•91
45
624
034
Piltsb. Cln. Chic.
•37
12
41
St. Josepli*Gr'd Island.
Do latpref
Do 2d pref
Da
St. L.
pref
444 464
45 4 Reading, vot'g tr. otfs..
•78
78% •7*4 78% •784 78%
1st pref. vot. tr. ctfs...
66
65
65 4 65 4 •63
2d pref. vot'g tr. otfs.
65
22% 23
23
23% 234 23% Rock Island Company....
•02 4 63 4
64
654 63
63
Do pref
30
324 Rutland, pref
44
•10
•37
•17
12
41
20
Do
55
93 4
44 4
20
12
41
20
17
20
Jan
18
II
Dec
41
544Dec
69
25
94% Apr 8
85% Jan 27
02 Jan 28
52 4 Jan 2 204 Sep
127 Jan 12 121 Nov
140 Sep
1214 Jan 22 115% Oct
684 Jan 2 67 4 Sep
163% Jan 19 153 Oct
36 Jan 28 274 Nov
40 Feb 6 184 Sep
854 Jan 21 60 Sep
5170 J'ly
J 182 Jan 14
5135 Mar24 105 J'ly
3
17 4 Jan 22
13 Aug
864 Apr 12 83 4 Sep
71 Jan 23 63 Oct
31 Jan 21
24 Sep
14 s4 Jan 22 1334 Aug
MO Aprl2 168 Aug
L72 4Mar29 153
Sep
2144Jan23 190 Aug
132 Oct
145 Jan 21 117 J'ly
176 Jan G {165 rsov
Aug
8
1
26 4 Jan 15
15
4
3
44Feb20 7% Jan
294Feb23 33% Jan
Qhest
Jan
Jan
54 An° 89% Jan
84% An t 103 4 Jan
71% Sep 104 Jan
824 J'ly 96 34 Feb
Jan 22
Feb
754 April
27
{54
12% Jan
1
Sep
May
May
Aug
714Feb
Feb
Feb
150
160
138%^'eb
784 Jan
190 Jan
53 4 Jan
374 Jan
754 Dec
Mar
5184
1384 Jan
20% Jan
90% Jan
85 4 Jan
46% Feb
183 4 Jan
l944Jan
2244 Jan
25o Jan
200 4 Jan
162 Jan
104 Jan
19% Jan
36 Jan
17 4 Jan
50% Jan
99% Jan
119 Jan
314 Jan
72 Jan
48 Jan
1834 Feb
276 4 Jan
43 Feb
904 Feb
474 Jan
20% Jan
3934 Jan
90 Jan
194 Feb
29% Feb
42% Jan
74 Feb
64% Feb
72 4 Jan
91 Jan
74% Feb
200 Jan
85 Jan
274 Jan
1064 Feb
18 30
Mario 8034 Jan 22 66
100 Feb
1104 Marl 4 112 Dec
935 14 4Feb23 10 Jan 12 10 J'ly
200 52 Feb 23 584 Jan 2
444 Aug
800 22 Feb 23 28% Jan 22 17 Aug
24,262 149 Mar 12 168 4 Jan 22 149 Aug
2,520 2504 Feb 23 275% Apr 7 '30 J'ly
700 18 Marl4 23% Jan 22 18 Oct
335 644 Feb 24 74% Jan 22 62 Nov
19 4 Jan " 24% Jan 22
1
Sep
7 34 Aug
'4OO
8 4 Apr 13 1434 Jan 23
300 16% Apr 14 20 4 Jan 25 14 Nov
250 61 Feb 25 67 4 Jan 22 55 Oct
74Aprl4 104 Jan 22
Aug
10 Nov
"'ioo 11 4 Feb 29 16 34 Jan 23
39,430 22 Feb 26 204 Jan 2 23 Aug
4,662 61 4 Feb 29 6934 J an 27
62 4 Apr
1,550 374Feb29 504Jan 2 44 J'ly
303 57 Apr 20 664 Jan 27 39 4 J'ly
72 Feb 23 72 Feb 23 78 Aug
62 4 Feb 4 54 Feb 3 31 Sep
100 170 Marl 7 186 Mar23 160 Oct
73 Dec
72 Mar24 79% Jan
11 ll%Feb26 15 4 Apr 6 10 Aug
7oo 69 Apr 21 77 4 Jan 22 63 Sep
77 Oct 994 Mai
115 77 Marl2 85 Jan
2,044 125 34 Feb 24 134% Jan 28 125 4 J'ly 151 Jan
200 1 7 Feb 18 22% Jan 8 16 J'ly 48 Jan
32 Feb 25 42 Jan 14 304 Oct 77% Jan
25 Mar23 29 Jan2l 25 4 Oct 47 4 Jan
200 65 Feb 8 70 4 Apr 12 62 4 Oct 82% Feb
164 Feb 24 21 Jan 21 16 4 Oct 364 Jan
Feb 20 38% Jan 10 29 Oct 614 Jan
i',400 31
400 104 Jan 11 19% Apr 12 10 Oct 40 Mai
45 4 Apr 7 52 Apr 12 48 J'ly {55 Apr
""650 26 Marll 304 Jan 25
23 4 Nov 53 Jan
{80 Jan 16 95 Feb 23 89 Nov 118 Feb
{271% Feb 2 4 {271% Feb 24 275 Dec 3344 Jan
100 40 Max23 55 4 Jan 2 49 Deo 83 Jan
Feb 23 111 4 Jan 22 95 Sep 130 4 Jan
4,100 101
6,100 13934 Mar 12 146 4 Jan 22 1264 Sep 155 4 Jan
3,900 724 Marl4 92 Jan 21 704J'ly 128% Jan
99% Sep 142% Jan
62,320 10434 Marl 4 124 Jan
16 Jan 15 174 Jan
17 Dec 38 Jan
45 Mar 9 {50 Feb
51 4 Dec 88 Jan
2
2
Apr
54
8 4 Not 20 Mai
144Janll
27,665
10 {1194 Feb 1 138 Feb 2 102 May 135 Jan
61 Feb Is 67 34 Jan 18 41 Oct 110 Jan
90 Jan 6 94% Jan 21 83 Nov 118 Feb
700 55 Jan 4 67 Jan 20 42 Aug 704 Feb
117 Feb 2 12634 Jan 28 l()9 4J'ne 1324 Feb
965 14% Feb 24 10 Jan 21 15 4 Oct 30 4 Jan
42 4 Jan 22 33 Oct 63 4 Feb
875 35 Feb 2
05% Jan 22 8534 Aug 115% Feb
16,750 87 Feb 2
1014Feb24
1244 Jan 11 85 Oct 133 4 Deo
510
700 34% Feb 25 41 Jan 11 34 4 Mar 47%Ma>
63 16%Feb2o 21% Jan 8 17 Nov 284J'n«
4,610 11 2% Mar 12 122 Jan 8 112% J'ly 156 Jan
25 4 Mar 7 32 4 Jan 23 10 4 Sep 45 Jan
108 Jan 21 108 Jan 21 loo Oct 118 Jan
63 Jan 10 60 Jan 20 50 Sep 87 Jan
555 {1884 Apr 12 196 Jan 23 US" 4 May !25 4 Jan
19 Sep 354 Feb
5,835 19% Mar 14 24 4 Jan 25
4,080 53 4 Marl 2 624 Jan 28 53% Nov 764 Feb
200 88% Feb 25 90 Apr 12 85 Aug 93 4 Feb
61 Feb 24 564 Jan 22 30% Sep 72 Jan
80 J'ly 100 Feb
614 J an" 12 67% Jan 22 50 4 Aug 76 Jan
1114Marl2
1234
Jan
110%
Nov 157%Jan
27
159,628
17 Marl6 23 4 Jan 22 15 J'ly 39 Jan
"Too 75 Feb 24 81% Jan 23 74 J'ly 01 4 May
{74 Dec {76 Sep
200 55 Apr 20 6ii% Jan 22 55 Sep 94 Jan
40 90 April 98 Jan 22 00 Oct 115 Jan
41,340 38% MarU 48 Jan 25 37 4 Nov 69 4 Jan
400 76 Mar 1 8 1 Jan 25 73 Sep 80% Feb
944 654 Feb 2 5 66 Apr 14 55 34 Nov 81 Jan
19.035 10 4 Marll 27 4 Jan 22 19 4 Aug 53% Jan
1,625 67 34 Jan 6 68% Jan 22 55% Sep 86 Jan
200 30 Apr 22 38 4 Feb 9 30 Aug 72 Jan
Marl5 14 Jan 23
7
Oct 154 Jan
36 Feb
45 Jan 19 32 Oct 68 Jan
16 Jan 8 20 4 Jan 19 13 Oct 24% Jan
"200 75
.
owa Central
Do pref
10
37
4,850
84 Feb 24
Lowest
"
tr. ctf
pref. vot. tr. otfs.
Do
10
•35
•25
S67 34
18
•35
250
Dodge.
Ft.
130% 130%
•00
100
275
62
*
Detroit South, vot.
Ft.
170
180
Des Moines
Mar22
Jan
135
176
100
850
Chicago Union Traction.
Cleve.
4
1,18(1
&
Do
Mar
173
1614 Marll
50 207 Feb 8
North Western
Chicago Term'l Transfer.
78
174 174
17 4 174
38
384 38% 38%
02% 03
034 034
109 100 •108 110
100 1004 •1084110
•384 39
384 384 384 384 38% 38%
•17% 18
5174 184 •17% 10
•18
10
116 1164 116%116
115%1164 116% 116%
•26
•25
•26
20
-26
27 4
29
29
17
4
Do pref
26% Erie
Do lstpref
654
414
Do 2d pref
•57
63
78
70
40 4
33 Jan 15
75 Jan 2
{181 Jan 18
121 Feb 11
6,910 14 Feb 24
100 83 4 Keb
233 65 Feb 25
100 25% Mar2
85,92 1374 Feb 24
Quincy..
14
134
135
55
03
61
119
5
284 Marl4
200
Do pret
Chic. Rock Isl'd & Pacific
Chic. St. P. Minn.
0111.
Do pref
120
8
14
•404- ...
6%
624 •55
624 •60
93 4 {93 34 93«4 •02
45% 444 464 44
4 65 4
23% 23 34
70
764 77 34
1LO
•52
66
32
61% •614 624
1104 1144 1114 112%
•214 21% 214 21%
68%
684 684 67
•88
89%
89% •88
45
•78
•17
61
•26
29
•100 110
60
60
•1894189 4 {188 34 180
•61
•02
18
108
7
04
5
76
200
174
384 {374 374 •36% 384
02% 03% 92% 93 4 92 4 92%
•85
•63
140
175
19
30
Do
Do
171 34 Chicago
•84
19
6
20
9
•48
29
105
65
•76 4 "78
25
108% 107% 1084 108
1424 141% 142% 142
135 •125
•47
56
•85
03
61 34
61
119 •117
18
17
&
4 145% Chicago Milw. &
177
Do pref
684
684 }>S84 684 67
19% •174 184 •174 194 •17% 204
X>
35
35
35
35
36
36 4
•17
184 •17
184 18
184
184
5§4 •48
53 4 48
534 •48
634 •47
•26
264 27 4 274 274 284
27
27
78
Chicago Burl
69 34
29
'135
'165
•67
62
6%
200
ISO
pref
lor Prevxout
Year fl9U3;
Highest
Lowest
1,400
Chicago* East. 111., pref.
16% 164 Chicago Great Western..
90
Do 4 p. c. debentures
04
4
10
*5
•30
•74
105
04 10
18
78
•35
•384 304
•174 19
117 1174 116% 11634
•26
•100
•60
•20
72
•804 81
•24
<8
1^
2,4:15
17
17
164 164 17
17 Colorado & So., vot. trust
•534 544 "534 54
51
Do 1st pf. rot. tr. cfs.
24
23
234 23 4 •23
234
Do 2d pf. vot. tr. ctfs.
15441564 15641604 1584150% Delaware & H udso u
260 2714 271% 274 4 '270 273
elaw. Lack. & West'n.
•19
•20
22% 204 21
21 Denver* Rio Grande
70% 70% 70
714 70% 70%
Do pref
19
63
8
180
165
Do
Range
1904
of 100-sharelots
Week
Shares
54
94
13 4
37
20
68
1134114
'85
111
20
"54 6
•30
32
•75
76
105 120
140
175
135
04
10
174 174
•534 544
•84
140
175
13041304 {130% 130 34 130%131
104 104 •18 Hj 104 •184 19*
•126
•47
62
110
32
75
•84
"23 4 24
154 1554
268 2694
*19
22
§71
71
"20
25
170
13 34
60% 70
•804 81
135
66
4174 174
384 384
' 93% 03%
120
•404
•404.--
•674 684 68
•18
194 •18
36
•354 37
•174 184 184
•48
634 •48
•26
•00
•250
6
•70
78
13 34
72
6
•31
75
105
•135
•166
61%
624 624 •614
•74
•74
•74 8
•12
•114 14
13
13
264
26% 274 264 27
64 J4 65
64%
65
654
41
42
41
41% 42
•58
63
{58% 584 67
173
•
•19% 20 H
•17
20
17
140
84 1759\
80%
144
•17§
170
Tor Year
27 Jan 22
(52 Apr 14
Atch. Topeka & Santa Fe. 110,165 64 Feb24
Do pref
4,552 87% Jan 6
28,175 72% Marl
Baltimore* OI110
492 87% Feb 19
Do pref
Brooklyn Rapid Transit .
65,175 38 Feb24
Buffalo Roch. & Pittsb'g.
1184 Mar 2
Do pref
I Canadian Paoific
8,490 109 4 Mar 12
V Canada Southern
100 64 4 Mar23
Central of New Jersey...
1,100 1544 Feb 20
81
85
•67
27%
'JS'
Range
On basis
Arbor
Ann
Do pref
32 4 Chesapeake & Ohio
384 Chicago * Alton
32
:,
ot
the
EXCHANGE
38
•180
•121
•180
•121
4
16% "l6% 164 16% 16^ 16% 164 16 4
"84
•85
9(1
90
00
86 4 864 •84
3
•67
•68
69
67%
67%
•68
70
70
68%
68%
4
•28
-27% 28 4 27% 23 34
284 28 Hi •27% 29
143% 144% 144 144%
144 4 145 4 143»4 144H? 143% 145
•175 176 '174% 179% '174% 179 4 177 177 174%178
171 171
160% 169 'j •168 Ha 170Hi 169% 169% 160 170
421442144
•135
•165
27
56
•52
904
Sales
STOCK
Railroads.
24
27
56
74
93 4
72%
93%
79 4 79%
72',
116 4 116%
•65
lie's iVf'»4
•66
65 Hi
)
Hi
'4
•24
•52
92% 93
78% 794
90 Hi 90 4
44% 45%
Eriday
April 22
Thursday
April 21
27
44% 464
•120 120 4 '1204
(>.">
•374 384
*80 4 83
72
•132
116 7
•156
Wednesday
April 20
Tuesday
April 19
April IS
STOCKS
NEW YORK
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
BnnliH
Bid
YORK
America ..
600
AincT Exch..
1227
1
A
st
or
700
Bowcryl
Butch's* Dr 160
Century I)... 170
e
Chatham
Chemical
...
...
City
....
615
4
900
180
600
320 340
4000 4100
Citizens' Ctri
265
Mid
Ask.
NICW
Ask
Rid
ltanks
Coal * Iron.
Colonial 1i ... 405
177 4
Columbia 1| ..
Commerce. .6
3.V)
400
t'206
Consolidated 164
t207
160
(iansbvoortlj
Garfield
O'rnExohgef 335
350
Discoumil
l.V,
165
German Amj
German E£x|
hasl liivor.. 155
165
Federal
...
Birth....
First
..1 11.11
300
580
1100
210
100
140
500
155
165
.175
270
]]
..
170
500
520
S60
225
Hanover
Imp .fc Trad. 550
Irvmtr
215
Liberty
Lincoln
...
950
Maided Lane 105
Manliiittan1|. 310
Market A- Kul 226
240
Mechanics'
Mech * Trail 140
Mercantile .. 230
Meroh Exoh. 160
Ask
147
530
1050
330
240
{60
150
23S
170
Merchants'.. tl75 4
Metropnew^ 376
Mt Morris'
..
210
425
230
Bid and asked prioe.s; uo salos wore made 011 11114 a n'. t Ijo.sh 1,11.111 i».t su.ire>. i iis n,'.iM.
sl.uo
Sale at Stock Exchange or at auction this week. t Croat Co. cortiiloates.
h Assessment paid.
1
<
Rid
140
.
600
HaiinltonV
Banks
Jeffersonll.
200
380
in
Greenwloh
1|
160
1
Ask
UlistreetlJ. 300
Fourth
Fidehtyli
19(1
ISO
Filth AvelL» 3600 4000
270
1
Hanks
Rid
270
Nassaull
Ask
290
180
190
400 450
1500
190 210
280
200
19th Wanlll. 150
North Ainer. 206 215
Northern
115
Oriental^
225 236
PaciUoll
260
Park (new).. 150 170
People'sll
270 200
.
New Amster
New York Co
N Y Nat Ex.
New York...
o.iuks.
a
Ex
Rid
Hank-.
I'hemx
Plazall
Prod
Ask
100
525
110
165
rYe"
280
Second
250
600
600
Shoe*
Leth. 145
165
Kxcllli
Riversidell
Seaboard
.
..
800
Stat.ell
34th Street.. t2094
121 li Wanlli. 120
23d Ward", .. 125
Union ExonH 160
United
dividend and rights,
b
07V
New stock.
^
4
4
Apr.
4
—Concluded—Page
Stock Record
23, 1904. j
STOCKS— HIGHEST AND LOWEST SALE PRICES
Monday
Saturday
April 16
-60
47
75
47
47
155 1694
•168
14
14»4
•14
•
21% 21V
4 85 "a
*84
24^
91
91
24 4 24%
119 119
24*4
121
23
.._.,,
25% 26
38% 384
384
*91 34
93
156 41564
167
24
•JO
-21
93
592
226
224
«224
49% 49% 494 504
19 4 19% 19' 4 194
72
72
29%
29%
•88
•23
•185
90
28
195
•714 72
29 4 29 4
•88
•23
"185
90
28
195
914
•8
10
42 4 42 4
•8
•41
•7
7
•64
*3%
274 274
28 4
8 34
3%
*S
•274 31
•274 31
«21% 21% «21
21
•81
83
*3
4
•17
20
-81
•3
•17
484 48%
93% 93%
•112
120
4
484 48%
934 93%
•112
1-0
•90V, »5
•904 95
1274 127 4 126% 1274
125 4125 4 •125 4 126 4
126
70
64
*12
64
•12
4
13 4
207 4
30
9
93
8
41
47
44
25
25%
13%
31
83
40
220
35
4
-3
4
•17
48
20
75
73
206
75
73
206
6
6
38%
26%
38
92
88%
85%
so 4
92 4
43
40
226
31
•
•12
04
13
74
794
6%
7%
80
6%
57 4
67 34
114
60%
23 4
97%
11%
60%
264
97%
110
4 74
79% 80%
•20
24
41
107
7
7
79
64
64
54 4
6%
54% 54% 544 544
•124 13
•124 134
24
,
&
"To"6
500
Adams
Do pref
30% American Cotton
90
Do pref
72
64
124 124
64
*
13
Oil...
Do
81
pref
3
4 American Malting
17% 17%
Do pref
484 48 4 Amer. Smelt'g & Refin'g
93
Do
93 4
112
120
•89
91
•74
7
76
10
"74
7
76
10
424 424 •424 43
104 1054 104 1054
174 174 •17% 18
884 884 88
92
13441344 133 133
-81
86
•82
511
11
207
72
.210
744
704
American Snuff
Do
Do
64
pref
41
110
20
pref
134 134 Col. & Hock. Coal & Iron.
207% 2094 Consolidated Gas (N. Y.).
109
109 4 Continental Tobacco, prel
134 134 Corn Products
•704 714
Do pref
•21
164
•11
•65
•26
22
164
12
06
Distillers Securlt's Corp.
General Electric
International Paper
Do
pref
284 International Power
40 Internat'l Steam Pump..
384
74 76
Do pref
7 10
Beach
424 42% Manhattan
National Biscuit.
104 1054
Do pref.
174 18 National Lead
88 92
Do pref
575
75
7%
454
134 New York Air Brake
82% 82% North American Co., new
132
16
78
40
-
72%
7
6%
7
7
44 4 44 4 44
16
15% 16%
•764 784 76%
39 4
82
%
37%
•27
7
7
7%
794 794
80
20
24
20
Do
•107
7
110
•107
74
794 80%
6% 7
54% 56%
...
pref
27
28
98
1004
•20
24
IO041004
•20
24
624 Jan 27
234 Jan 27
Marl J
386 4 Feb 2.'
9
Feb 17
42 4 Apr 19
17 Feb 24
32% Feb 24
14 4 Feb
42 Feb 21
22 Feb 24
16 4 Jan 4
38 Jan 4
71
•204
208
•88% 89
•160 162
•175 200
208
588% 894
161
•175
161
200
•204
2((7
204
88%
88% 88%
162
175
162
200
159
175
206
b9
159
195
5204 4 205
884 88%
158
}180
158
180
•20
1
210
884 884
157
160
5195
196
1,431
30
10
6,8s2
620
"Too
1,300
240
900
200
310
500
J
12
6
6%Maf24
244 Mar24
8 4 Mar
1
Jan 19
16 4 Jan 6
75 4 Jan 6
3 Jan 8
17 Jan
46 Feb 25
88% Jan 6
110 Jan 21
85 Jan
122 4 Mar 7
123 Jan 4
121 Feb 16
10 Jan 4
69 Jan 25
61 Feb 20
28
8
21% Jan 27
74% Apr 7
32 4 Jan 25
oc.'-iMar
128% Jan
Ian
Oct
Oct
Sep
Ian
Sep 18 J an
Oct 122 4 Jan
Deo
Jan
954 Feb
Jan
6 4 Jan
32% Feb
55 4 Feb
27 4 Feb
J'ni 21594
lot v,
12
l
J'ly
Nov
33
55
64 Jan
827 40 4 Jan
1 7
4 Nov 41% Jan
60 4 No
93 Jan
25 4 Aug 464 Feb
90 Feb 9 82 J'ly 98 Feb
25 Jan 15 24 Nov 414 Jan
4197 Jan 27 171 Aug 235 Feb
84 Feb 15
6 J'ly 29% Jan
54 Jan 27
24 Oct 114Jan
18% Apr
x
10
94 Jan
36 4 Jan
2
4
4
Jan 22
Mar21
23% Feb 16
12
30
Oct
Oct
164 Oct
37% Jan
11% Jan
424 Jan
J'ly
19% Jan
48 4 Jan
31% Feb
6
23 4 Nov
10 4 Oct
67 4 Oct
Mar 2 2
4% Jan 22
83
2
22 Jan 14
51 4 Jan 28
94 4 Jan 28
120 Feb2^(
91 Jan 13
4 Mar
14 4 Sep
36% Oct
804 Oct
90 Aug
80
Sep
1
8% Jan 25
494 Jan 23
14% Apr 15 22 4 Jan 27
200 74% Jan 15" 79% Apr 4
41% Aprl2
526 314Jan
77 Jan
84 Apr 6
10
% Mar . 1% Feb 24
2,860 344 Feb 24 41 4 Apr 7
27 Feb 9 29 Jan 22
2,626
4
45
Mar.".
Feb 24
6% Apr 8
40 Mar24
100 Feb 24
6% Feb 2
75% Jan 4
5 4 Jan 15
40 Jan 14
104 Feb
54 Jan -'
584 Jan 4
84 Jan 21
46
110
Jan 22
Jan 25
84 Jan 25
80% Apr 18
9% Jan 21
59
15
Apr 22
Mar22
Jan 4 64 4 Apr 21
9% Jan 6 12% Jan 2
41
544 Feb
1
23 4 Apr 16
Do pref
Wells, Fargo
<fe Co
est'n Union Tele'gph
Wesfgh'seEl &M f g assen
lstpref
4 Feb
2204 Jan 235 Feb
33% Oct 75% Mar
MarU
2,850
Jan
Jan
404 Nov 62 May
20 Ben 384 Feb
14 4 Oct 29 4 Feb
21% Jan 2o
47% Jan 27
(
J'ly
Aug 48% Feb
.
52% Jan 22
29% Jan 2,
'2
67 Jan
28 4 Jan
22
21% Jan 27
41 Jan 25
19 4 Jan 22
Fel)
Feb
Feb
J'nt
65% Aug
219 4 Jan 22 196
300 18% Apr 21 24 4 Mar 2 16
180 71% Mario 78 Jan 4 67
100
400
ghest
684 -Mar
304 Jan
96 Feb
83 4 Aug
Dec
8
35 J'ly
16% Oct
27 4 I Bp
Jan 15
47% Jan
220 Feb
225 Jan
43 4 Feb 8 52 4 Apr
1,164 209
66
i
Oct
131% Jan 25 107 4 Oct
126% Jan 30 1 6 Aug
130 Jan 25 1174 Oct
124 Jan 11
7 4 Oct
75 4 April 66 Oct
804 Apr 12 68 Oct
3,950 185 Mario 210 Apr20 170 Sep
200
5% Mar 1 7 Jan 26
5 Oct
47% Feb 19 49% Mar 7 40 Aug
"975 25 4 Marl
344 Jan27 24 Nov
63 Apr 5 65 Jan 27 65 Dec
435 11% Feb 27 16% Jan 20
9 4 Nov
79,195 185 Feb 8 210 4 Apr 20 164 Aug
800 10I4Jan 4 111 Apr 6 94% Aug
1,975 12 4 MarlC 22% Jan 25 15 4 Nov
120 65 Mar 9 74 4 J an 23 60 Nov
20 J'ly
1,988 20 4 Apr 20 264 Jan 21
625 156 4 Feb 24 179 4 Jan 23 136 Sep
410 10% Jan 6 14% Jan 25
9 J'ly
660 64 4 Feb 9 67% Apr 5 57 4 Nov
100 26 Mar 1 28 Marl 2 23 Nov
31 Jan 2 40 Apr 7 28 Dec
71 4 Feb 9 78 Apr 7 70 Oct
6 4 Mar 21
100
8 Apr 19
6 4 Sep
45 Mario 32 Oot
315 36 Jan
100 4 Jan 16 1054 Apr 13 94 Oct
2,800 14 4 Feb 25 19% Apr 14 10 4 Nov
200 80 4 Jan 26 91 Apr 14 75 Oct
1,500 120 Feb 25 139% Jan 22 105 Oct
780 80 Marl 2 90 Jan 20 68 Sep
400 24 Feb27 334 Jan 18 17 Aug
6,379 92% Marl2 102% Jan 23 87% Sep
12,535 24 4 Apr 21 33 Jan 28 22 4 Nov
260 69 Jan 2 724 Jan 28 02 4 Nov
4,635
9,290
11,485
5,420
12,600
8,750
16.612
57,272
223,305
Virginia-Carolina Chem.. 10,705
Do pref
1,373
Virginia Iron Coal <fe Coke
100
Do
Sep
164 Oct
90 Apr 4
94 4 Apr 6
62 4 Apr 7
344 Jan 25
97% Apr 10 1064 Jan 26
20 Apr 20 20 Apr 20
Vulcan Detinning
•203
904
J'ly
.i
100
5 4 Jan 19
300
2 % J an 5
700 114Jan 5
United States Express...
74 United States Leather
29
56
68
(1
89 Jan 22
23 Mar21
5185 Mar 7
110
57%
4 14 4
64 4
10% 10%
H
Jan 22 6h 4
92 Jan 26 s.">
214 Feb 23 27% an 2
20 4
115 Marl 4 124 4 Jan L3 100
19
A pr 22 22 Jan 21 174
22 Feb 20 29 4 Jan 28
15
32
Feb 24 39% Jan 18 24
87 4 Feb 23 95% Jan 21 79
77 4 .Ian
90 Feb
1
I
13
25 4
Steel
74
Do pref
80% 804
04 7% U S Rea ty<fc Construction
Do pref
564 59
14
United States Rubber
Do pref
61% liS
10% lo% United states Steel
Do pref
56 4 574
59 4
0^
<fe
.
•%
404 41
110
pref
Republio Iron
45
Do pref
16 4 Rubber Goods Mf g
784
Do pref
39% Sloss-Shelneld St. & Iron
85 4
Do pref
1
Standard Rope <fc Twine..
38 Tenn. Coal, Iron & Bit...
284 Texas Pacific Land Trust
nion Bag& Paper
IPDo pref
U. S. Cast 1. Pipe & Form.
394 39
86
854 82
14
1
384 37 4 38
29
284 27
107
VDo
572% 72%
75
Lowest
95% Feb
5 4 Feb
24 4 Jan.
52% Feb
99 4 Feb
126 Mar
98% Jan
134% Jan
123 Deo
14% Feb
Jan
80
125 4 Feb
225 Jan
15 4 Jan
55 Jan
82 4 Jan
122 Jan
22 4 Feb
Jan
Jan
222
119
35
Mar
85 4 Jan
34% Jan
Feb
19%Jan
744 Feb
204
Jan
73
464 May
89 4 Jan
13 May
47% Feb
106% May
29 4 Feb
Feb
Jan
15
91
7
1
.
124i4 Jan
42 %, Jan
108%;
„ Feb
0"5% Jan
9I
J'ly 23 5%
Sep
Nov
37
90
Feb
Jan
Feb
Feb
%Feb
5% Nov 22%
36% Nov 80%.Feb
12 J'ly 30 Feb
60
J'ly
84 4 Feb
224 Oct 72 Feb
67 Nov 97'4 Feb
%Sep
64
4 Feb
25 4 Nov 68%:Mar
22 Aug 40% Jan
4 4 J'ly 15 Jan
57% Dec 79 4 Jan
Feb
6 Sep
16
33 Nov 55 Feb
150
95 Aug
4 Feb
6 Sep 15 4 Feb
96' May
71 4 Oct
4 Dec 284.Jan
304 Nov 73 Jan
7 J'ly 10 4.Feb
304 J'ly 58 Feb
10 Nov 39^, Feb
49% Nov 809 Jan
174 Sep 66% Feb
80 Aug 128 4 Feb
17 Sep 39% Feb
5 4 Dec 33% Jan
70 Sep 81 Jan
J191 J'ly 249 4 Feb
'80 4 Sep
93 Jan
119 5204 Apr 15 521 _ Jan 6
86 Jan 6 89 % Mar 17
950 154 Feb 2b 173 4 Jan 21 130
20 J180 Apr21 104 Jan 19 160
1,120
Feb
169
.
27
26% 274 26
IJacittc Mail
96% 96% 974 974
eop. Gas-L.& C. (Chic.)
25 4 26
24 4 26
Pressed Steel Car
•70 4 72
571
71
70
70
Do pref
209 211
213 213 Pullman Company
211 212
•19% 20 4 18% 19% 17% 20 i>ailway Steel Spring...
264 264
964 974
24% 28
.Mar 11
Feb 24
520
15
Anaconda Copper
Brooklyn Union Gas
V; Do
1
174Apr2i
545
for J'reviout
Year (lu
Highest
5,948
1,600
250
pref
Amer. Teleph. <fe Teleg...
American Woolen
76
*
86
196
55.547
1,351
pref
1274127% American Sugar Refining
125%125%
Do pref
13 4
1,282
1,435
28
192
b0%
3
100
1,900
Erie...
:>
184 194
814 814
414
1«4
A
225
6
•274 31
1,963
39,180
Lake
Range
155
215,521)
American DistTelegrapli
American Express
74
Grass Twine ..
3% 44 American
Amer Hide & Leather...
•164 17%
De pref
74 74 American Ice
27% 28 4
Do pref
-8
American Linseed
•274 30 4
Do pref
194 -0 4 American Locomotive...
64
72
400
2,200
3,990
10
tr. ctfs
tr. ctfs.
v. tr. cfs
Do pref. vot. tr. ctfs.
Industrial
iHisccll
404
71
*'-9%
44
17 4 17 4
7
74
27
8 284
8%
210
350
Express
494 49%
malgamated Copper...
184 18% American Car <fc Foundry
88
71
& w. v.
2,110
lstpref
25
Do 2dj>ref
184 Wisconsin Cent.
220
•23
•135
210
6%
6% 64
54 4
544 54 4
12% 13% 13
13%
58
57
57% 67% 57% 59%
114 114
10% 11% 10% 11
604 614 x57% 59% 56 4 58
244 27 4 24% 25 4 24 4 26 4
S95% 98 Si 984 984 •97 100-s
•"20
100
.
pref
iio
90
64
Do
Wheeling
51
6%
4
414 414
ctfs
tr.
Wabash
17
28
193
70 4 72
205 210
•
74
•107
4.41HJ
Pacific
46
•88
3%
Union
•45
25
18
•40
63
110
do
Do pref. vot.
Twin City Rapid Transit
Do pref
93
16
185
23
roi. st. L.
184 ls%
39
394
44
26
•104 11
•744 76
74
74 74 74
45
545% 454 45% 46
154 10
154
15% 164 •164 16
764 764 764 764 •76 4 79
76%
•40
41
40
404 39% 39% •39 4
•82
'82
•82
86
82
86
86
3
-% 14
•%
*%
14
5%
4
894 394 384 394 384 384 37%
•27
284 •27
284 •27
284 •27
•107
v.tr. cfs.
pref.
O. stock
92 4 92 4
Do pret
•8 4 io UnitRysInv'tofSanFran
•41
43
Do pref
93
10
10^4 11
74% 74%
46 4
S50
Do
M. <fc
Year 1904
or lUO-share lots
}70 Jan 28
Aug 88
49 4 Jan 23
Dec
167 Jan 23 1484
170
12% Mar 9 164 Jan 22 12 Aug 30
29 4 Feb 2 I »B% Jan 2H 24 Auk 66
105,10
stmped
4,820
•5% 64
5% 6 4 •5% B% runs w. Dock<fc C. Imp'
•48 4 50 Butterick Co
•484 50
•484 50
•31
314 30 4 32
31
32
32 4 / Colorado Fuel & Iron...
"76
*75
80
80
"7
8
10
8
•424 43
42 4 42% •42 4 42%
•104 1064 •104 1054 104 1054
174 18
17% 17 34
17% 17%
•89
88 92
89
924 89
1334134% 135 136
13641364
•82
81 86
86
85
«85
•26
•26
27
28
3
3
3
»6 4 96 4
96% 96 4
96 4 96 4
29 4
294 294 •29
2a 4 29
72
•70% 72
«72
71
71
•208 211
210 2104 •209 211
•19% 20 4 '19% 20% •19% 204
75
«74% 74 34
744 744 72
74
1% southern
lor
Lowest
70
2,700
'484 50
80
74
E.I. com stock tret Is
Louis Southwestern..
Do
b."> '4
26%
'
•45
2
26%
203% 206% 205
2054 206% 207 4 210 4 208 4 2104
10841084 4109% 109% 109 4109 4 1094109 4 5109% 109%
•13 4 13%
13 4 134
134 13 4
134 134 134 134
•70% 71% 571*8 71% *704 714 •70
71% 714 714
•224 23
•22 4 23
214 224 204 214 21
21
164 164
163 165
104 164
164 164
16341634
•11
12
11 12
114 H 34 •114 11% •11
12
•66
67
674 674 674 67% 664 664 66
66
•264 28 14 •264 284
•264 284 264 264
•384 40
•384 40
*384 40
384 40 384 40
•76
St.
Range
On basis
Mar
561
1,600 89% Jan
Jan
1 80 150
pref
pref
49 4 Southern Pacific Co....
48%
21%
85 4
494 49%
17% 17%
70% 71
•29% 30%
8%
20
48
C.<fc
14%
3."i 4
2<l
148
Week
Sha res
CHANGE
L&SFr.JPM&Coctts
Do 1st pref
Do
167
14
18% 18%
40
"8
*27 4
F.X
75
•156
1«% 18%
38% 39 4
174 164 174
184 20%
81
814
•104 11
74
•
13
157
18%
39 4
27
the
474 474
12641264 126% 126%
202^205
205 205
*6
•6
7
6%
*484 50
•484 50
324 32 4 31% 32
•
27
530
•60
75
84% 86
10
43
27
Sales 01
St.
4
•17
19
48
484 •48
48 4
592 4 92% ?93% 93%
93
93%
•112 120 5120 120 •112 120
•904 95
90
904 •89
91
1264127
126% 126% 127 1274
•126 126 1254126 •125 4126
120
70
27
59
•82
•3
•17
-104 11
*10S» 114
77
}764 764 *74
•72
914
92 4
74
44
20% 21
83
20
26
38
'64
74
53% 4 4
174 174 •16 4 17 4
•6% 74
56% 64
4!
STOCKS
24 4 24% •23% 844 I'exas <fe Pacific
121 121
5121 121
hird Avenue (N. Y.)...
20
20
19
194 Toledo Railways & Light
21
•224 226 5224 225
49 4 50
494 49%
19
19% 17 4 18%
•71
72
71
714
29% 30
529 4 29 4
•88
•88
90
90
•23
•23
28
28
•185 195
•185 193
•64 74
4
44
4
184 •174 184
7
24 4
83% 85% 83% 84%
92 4 92% 592
92 4
74
•6
*4
-17
7
127*4
"8
155
25% 25%
38
384
92
J-riday
»
2
SEW YORK STOCK
April 22
474 474
120 1214
19
18% 19 4 19
194 194 184
38% 39
38% 39 4 38% 39% 38 4
•164 17^4 •17
174 •164 174 •164
•45
•45
•44
•45
47
48
47
•26
27
•25 4 28
•26
28
25%
184 184 184 1W% 5184 1*4
184
•40% 41
41
40
40
40
40
•224
•60
75
46% 47
25% 25%
37
38%
84% 86
92 4 92 34
85 "a 80 Si
•92% 93
•9
10
•
43
•00
75
24 4 24.%
1204 1204
21
21
26
April zu
144 •13% 14 4 514
144
35 4 35 4
34% 36 V, 34 4 35 4
47% 48% 48% 49 4
47% 49
21% 21% 21% 21% 21% 21%
85
85
854 85
85 4
85»a
344 354
48% 49%
214 21%
85
85 4
35
35 4
49 4 49%
•119
•20
26
38
*92
4
Thursday
April dl
Weaneirtay
0% 47 4
ATI
14%
• 14
Tuesday
April 19
April 18
•60
*1574159
36
t
'i
1
Sep 224
Jan
Jan
Bid
Atk
Oct 221
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
1
Banks
Bid
V'arickH
SVash.H'htsIl 200
WestSidel].. 500
Xorkvillel)
Ask
175
..
375
BROOKLYN
Banks
Bid
Ask
BROOKLYN
Ask
Bid
N. Y. CITY
Bankers* Tr. 280
Bowl'gGreen 19S
BroadwayTr. 140
C'IR'tyB&Tr 500
Central Tr'si 1900
Manufactrs'. 325
Mechanical] 220
Merchants'.. 115
.
Nassau
360
Nat City
305
North SideH. 230
People'slj
Trust Cos.
202
150
550
1950
Trust Co's
Bid
Exchange Tr
Farm Lo <fe Tr 1375 1425
Filth Ave Tr 530
560
Guaranty Tr
(Tiiardian Tr 175
Knick'rb'k'r 870
Lincoln Tr... 325
215
Ask
630
185
890
a 40
500
Trust Co's Bid Ask
Mut.AUiance 200 225
N Y LiIe&Tr 1000 1050
N YSec&Tr
595
North Amer. 245
Real Eat Tr't 325
standardTr't 325
Tr Co of Am. 220
Union Trust
010
255
225
1375
410
Unit States
1475 1500
Van N'denTr 190 200
Aashington. .100
170
180
Trust Co's
BROOKLYN
Brook yn Tr 390
Flalbush
Franklin
Hamilton
Kings Co
190
320
290
400
200
340
300
290
L isl LcfcTr.
2 50
Nassau
Sprague
Cuiimionw'lh \M
1025
2104
325 350
Lia.stern Tr.. 150
Stuyv'tHtsI 180
220
.It.O
Williamsb'g. t241 245
Jon'yl&BBr 140
150
625
Umonli
first
39'3
700
Kqui table Tr 650
WaUaboutTi . 150
895
* Bid and asked prices; no sales on this day.
i£x rigjits.
d
p. .ilor^'iu m C >. certificates.
.
Lies S (ana LO.) 311 ire-..
s Trust Co. certiticitas.
1 Sale at Stock Exchange or at auction this week.
Banks m iriteii with a para?ra,ph (1) are State banKs
o Ex stock dividen
Boronghll
150
Jroadwayli.. 300
JrooklynTl .. 130
17rh Wardli. 150
Colonial
300
.'.20
Manhattan
475
Mercantile .. 1000
Merchants'.. 200
Metropolitan 600
MortonTniM 885
.1
>
..
USMtgcfeTr 390
.
.
I
"J
-
%
'
New York
Stock
H
'
Exchange—Bond
'
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR PAGES
BONDS
U s 2s coiisolcoiipsmall.a'1930
£1918
u s j,s registered
/cl918
U S 3s coupon
U S
U S
U
U
U
S
S
S
3s
Sa
4s
4s
4s
4s
reg small bonds..*] 9 18
cou small bonds. .&1918
registered
/il907
coupon
A1907
1925
1925
registered
coupon
High Ao
Philippine Islands land pur1914-34 Q-F
chase 4s
106 34 Mar'04
107 l4Apr'04
107 J'ne'02
105 H.
107 Hi 108
107*2 108
134 134%
133 133 %
10t> 34
I08 l4 Apr '04
108 Mar'04
132 78 132 7s
133 Mar'04
110
11134 Mar'04
Mar'04
Foreign Government
93
Franklort-on-Main 3*28 ser 1.. M-S
These are price s on the oasis ol
V S of Mexico s 1 g 6s ot 1899 q-j
2 hese are pr
State Securities
1900 J-J 102*2....
Alabama class A 4 too
Glass B5s...
190b J J
1906 J-J
Class C 4s
1920 J-J
Currency funding 4s
1924 F-A 119
Diatof Columbia 3-65s
Louisiana new consol 4s.. 1914 J-J 104 6
Small
Missouri funding.. ..1894-1995 J-J
North Carolina consol 48.1910 J-J
1919 A-O
6s
1933 J-J
So Carolina 4 His 20-40
96
Tenn new settlement 3s. .1913 J-J
J-J
8mall
93 %.
Virginia fund debt 2-3s...l991 J-J
7*2
6s deferred Brown Bros ctfs
.
.
Y&
to o
98% Mar'04
tecs o
n
ne do liar.
98»8 98%
of $0 to
&
the b
104 8Sep'02
109 l4Oct'00
:,
102>2Mar'02
Mar'02
Mar'03
106 Apr '03
109 »a Feb '99
111
121
Feb '04
102
102
136>uJ'ly'01
120 Mar'00
96^2
96 Hi
102*a
95*4
93HjNov'03
92 >« Mar'04
7 "a
96*2
91*a 92*4
8
7
7»a
Mull See
<fc
A1995 Q-J
Ann Arbor 1st g 4s
Atfh X
S Fe gen g 48.. .1995 A-O
<fc
1995 A-O
.Registered
Adjustment g4s
/il995
/il995
'il995
4s.. 1928
Beglstered
Stamped
East Okla Div 1st g
Chic & St Louis 1st 6s. .1915
Atl Knox & Nor 1st g 5s. .1940
Atlantic Coast 1st g4s.Zt.1952
Charles <fc Sav 1st g 7s.. 1936
1st gold 6s.. 1934
Sav F &
1934
1st gold 5s
Ala Mid 1st gu gold 6s 1928
Bruus <fc
1st gu g 4s 1938
SilSpOca<fcGgug4s 1918
Atlantic & Danv See South By
Atlantic & Yatlk See South Ry
See Sou Pacifio
Austin & N
Creek <£> S See Mich Cent
Bat
alt& Ohiopnorlg3*2S.1925
Registered
/il926
Gold 4s
Zi.1948
Registered
A1948
Conv deb 4s
1911
W
W
Nov
Nov
M-N
91%
99 %
92*2
Sale
99
"9*6%
91V,
'92
MS
109
9334 Sale
M-S
J-D
J-J
A-O
A-O
M-N
J-J
J-J
9U8
92
3
99°8
99i4
100
207
993s
9IV4
91
82 Hs Jan '04
91
91
93 a4Dec'0S
90%
MS
.
114 2 Oct '02
93i4
94
134
123
110%
93*a
101*4
99*4 101*4
•"47*4
91*4
82*2 82*a
87 Hi 91
2
21
'.'4
91
94*8
112% 112%
Apr '04
112
87
91%
98%
13
125 1sNov'03
11238 Jan'04
111*2
112
109
Aug'01
91^ Oct '03
93 ^2
95
J-J
Q-J
A-O
Monon Kiv 1st gu g
5s..
1919
ft
1st cg4*2S.. 1930 M-S
Pitts Clev <fcTol 1st g 6s 1922 A-O
Pitts <fc West 1st g 4s. ..1917 J-J
tb Co certfs
J P
Beecli Creek See
Bellev
Car See Illinois Cent
Bklyn <te Montauk See Long 1
Bruus <& West See Atl Coast L
Bullalo
Y «fc Erie See Erie
Bullalo
P gen g 5a.. .1937 M-S
A11& West 1st g 4s gu.. 1998 A-O
CI
Mali 1st gu g 5s
1943 J-J
Koch <fc Pitts 1st g 6s. ..1921 F-A
Consol 1st g 6a
1922 J-D
Bullalo <£> Southwest See line
Bull <fc Susq 1st ref g 4s.<U951 J-J
Registered
dl'JSl J-J
Bur Cedar R <fc No 1st 5s. 1906 J-D
Cou 1st <t coltrustg5s..ni;S4 A-O
M
Sale
100 % Sale
96
94
88% 90
8i)
94 34
95
89% Sale
NttV'03
89
Apr '04
-89*2
8934
21'
106*2
105
117
>-
2
105 l2Mar'i)4
&
1934 A-O
Wlstgti 68.1921 A-O
CKlFJfcN
k
LTsiaiYa"
98 Aug'03
100 l4Feb'O3
Carb
114
112
121
128
103 Apr '97
121 Hi Mar'04
124
124
97"8
103
% 103^4
115%...
M-S
M-S
103*4
117
120
118
107*2.
>.j
103*2
Mar'04
Mar'03
'02
103 a4 104
10638 105*2
107 Aug'03
104 sale
105*3
Shawn
102*a 104
104%107*2
Central Ohio
See Balti
P4s
91
91*2 Mar'04
90
street Railway
Brooklyn BapTr g 5s
1945
1st refund conv g 4s
2002
BkCity 1st Con 6S.1916, 1941
Bk Q Co <t S con gu g 5s. 1941
108
116*4
109 '« Sale
,
70 78 Sale
31
A-O
108%
M-N
100
F-A
1949 F-A
•
It
4s
aaaan Klec gu g 4a
9f>
J-J
City A B By Bait 1st g 6s. 1 922 J-i.
Conn Ryd I, si ,V: rf i; 4 *•>» V>1 J-J
Den Cou Tr Co 1st g 5s. ..1933 A-O
Den Train Co con g 6s.. 1910 J-J
Met Ry Co 1 It gu g 6s.. II)
J-.I
Dot Cit SI Ky lsteoug 68.1905 J-J
1
I
i\
1
I
1
1
1
106% Apr '04
U6*g MPur'Ol
106% 107
1164118
IU8 34
109't 30 103 34 10»* 8
105*2 Sep '01
71
17
IS534 71*2
70Hi
SOH.
31*4 108 28
32
Bway«fe7thAvlst c g
4
85
. .
7
62
l
102*2 Sale
'-j
.M>
79*4 Sale
RR 4s. .2002
2002
1913
|6%
85*4,
79
70%
'i
90
9]
LO
15
113%
109%
103*4
117*2
117*2
115*4 Apr'04
102*2
102 34
110*8111
II434 117 Hi
113 116*4
J-J
J-J
J-J
104
101
M-S
M-N
A-O
104
85
102% Sale
88
76
Apr'01
May'03
101*2 101*4 Apr'04
3
96*2 94 4 Mar'04
106*2 Oct '02
....
95
90%DeC03
83*4
84
83*4
....
100
92*4
106*4 108
112% 114
108%
129%
90*2
114%.
118
Des
M
Lot Bs.. ..1923
113*4
115
d Due Apr
112*2 115*2
112*4 116
e
Due May
97% 98%
115%....
Apr'04
116
115% 119
109% 111
111*2....
110*4 Feb '04
116*4 117
115*4
115*4
110% 111*2 110*2
128*2....
137HiJ'ly'90
114 34 116
HI
116%....
109% 111
Feb '04
118
106
169
116%11^-Hi
106 106
169 169
112%
106% 107
Mar'04
Mar'04
113% Oct 'Ob
107 Mar'04
111% 112
109 34 Feb'04
11()34
110 34
10934
109%
114%
114
11434
114*4
H7%
106%...
Ul 34ll2
U334
112%
116%
129%
107
114%
Oct
113
103
'03
129% 129%
10234 Apr'04
102 34 105
'02
"97*2
Apr'04
Nov'98
ilT*4
111*4 Apr'04
111% Dec '03
108*2 110*2 108*4 Apr'04
106 .... 107 Mar'04
106 109 105 Mar'04
104%
104 Mar'04
107*4
108% Mar'04
10534
108 34 Jan '04
118*2
118 Apr'04
•11534
116 Apr'04
99
103
99*a.
107
112
117% 117%
129% Feb '04
106% Oct
"99%
iii%iii%
;
108*4 110*a
106
107
104*2 106
104%
10S%
108% 108%
104
108*2
115*2 118
116
116
Nov*02
Oct '02
106
108
105%Nov'03
112H)
112% 112%
129
129
117 34 Mar'04
'02
Feb
142 %
131 34Dec'03
103 Apr'04
109 Sep '03
128*4 129
117*4 118%
112*2
122*2
103
120
103% Sale
103*4
103
103
121% 122*2
122*2
Feb '04
I22*s
120
101
H-
120
104
107 Jan '03
98 Aug'03
99%J'ne'02
99*aJ*ly'02
99%J'ne'02
87 Aug'03
72% Sale
71H.
72
Hi
210
66 Hi 74%
88 *4 Jan '03
80*„ Sale
78Hi
80%
143
73
85
104%10i%
103% 103%
Oct '03
90
98
93 3i 98
104*3 106
Jan '04
104*2
104*2
A-O
M-S
M-S
69%
89%
115*2 Mar'01
89
UB%il6"
94% Sale
118
'
FA
J-J
105
89
92%
115H2U9
lit
116%
94 'g 95%
Mar'04
114
114*2
J-J
J-J
F-A
94*4
118
94
106
110
94*2
Apr'04
Lie
us
Feb '04
94
95
Oct
'99
J'ne'02
.v.-
Apr '03
109% Deo '99
1
77*3 Sale
81
W
Miu".l>
169
109
115*4 116*2 Apr'03
A-O 104*2
United BBs San Frsf 48.1927 A-O
United Bya St L 1st g 4s. 1934 J-J
Chic St 40-yr cons g 5s. 1936 M-N
92*2
108
175
110
107% 109
108
on Next Page.
Street Railway
102% Met St Ry—fCoMJBer g 4s2002
Col&9thAvl8tgu g 5s.l99::
72% 76%
LexAv<ft PF 1st gu g6i L993
107% 108*2
Third Avr BROOD gu Is 2000
mo ioo
Third Ave By 1st g 58..1937
100 103*4
S2
87 *s MetWSEl(Clnc) 1st g 48.1938
79% 79*2 Mil 101 By ct L 80-yr g 58.1926
M n a St By 1st run g 58..1919
90
100%
126%129
129
108 J'ly'03
108 Jan '04
175 Sale 175
175
3
109 4 110*4 110
110
109 Sale 108% 109
111 Dec '02
97*4 Mar'04
95*4 Oct '03
&
90*2
112%113
109*4
1905 J-J
1905 J-J
Extension 4s
Hi
114*9115
106*el08i,
129 129
115% 118
Dec '02
Jan '04
96
93
96
Keok
101
93
10534 107
Apr'04
1st 4s. ...1905 j-J
FtD
100
Apr'04
113%
84*a
77*4
iod% ibo%
104% 106
106% Apr '04
115 Feb '04
103%
108
129
118
120
113
74*2
91
90*2
105*8 Apr '04
105 Dec '03
100 34Feb'04
116
81%
99
109*8Dec'03
10034 100 34
104% Jan '04
103% Jan '04
lst2*28
6
104 34Apr*00
99 Mar'04
92
92%
90*2
109Ha
100*2 101
105*4
99 Hi 101 Hi
94*2 94 34
76% 501
Apr '02
76% 76%
101 H.
1004104
103
112
83 34
M-N
M-N
M-N
M-N
M-N
M-N
MN
M-S
Nov'01
1
102
102
117 118
112*2
103
aDue-lan
100
109 34 Mar'04
St JoRvl/t 11 1' 1st g 68.1937 M N
St Paul Cite Cab BOH g 68.1887 J-J
Union Bl (Chic) 1st g 68.. 1946 A-O
Ll3%i
]•
102
101%
110%Apr'04
.J'lm'UO
Apr'04
109
102
101%
Hi
109*4
ii
99*4
J-D
J-J
J-J
K-A
102
Hi
106*2 108
95
92
111 34
105
DesMcfc
Hi
128%
gen g 5s .01919 J-J
1 952 M-N
Consol gold 58
<£>
i
J-D 114*2
Friday; latest price this weeK.
r
Sale
101
102
7634
75
1 OS '2 Apr'04
tOO Mai'O
102
102»4
Choc Ok
BONDS—Continued
1
Gr Rapids Ky 1st g6s...al916
Louis Ry Co 1st eon g 6s. .1930
MarketStC Ry 1st g 6s. .191:;
Met St Ry gen col tr g 6h.19'.i7
•No unco
102
75 3
J-J
J-J
1st g J.5S.1960
Chic R I & Pac
Recistered
1910
1916
1916
1918
Coll trust gold 5s
lUISCELLANEOUSi
Bklyn Uu El
King! 00 1.
92*2
& Ohio
Ceu RR & B of Oa col g 6s 1937 M-N
Cent of Oa RR 1st g 5s..pl945 F-A
Consol gold 5s
1945 M-N
Registered
1945 M-N
1st pref income g 5s
pl946 Oct
2d prot income g5s
p!946 Oct
131
7*2 130
111*4 112
128%
.
1917 J-J
1988 J-J
1988 J.J
H4s
M4s
N4s
H
Ceu Branch U Plstg4s...l94.s J-D
Ceil Branch Ry .See Mo Pa.;
128
J'ne'99
J'ly'03
11134
101*4
101*2.
M
Coll trus tSenesB4s...l904
20 4
129*2 Apr'04
... 104 3j
lien 3*38. ..1950
Registered
General gold 4s
Registered
18
1
Jffj/t.
104
113*2 117
98
Jan
15
20
Aug'02
Feb' 04
Low
A-O
A-O
M-N
M-N
M-S
M-S
J-J
1950 J-J
Registered
Chic B & Q— Ch & la D 5s 1905 F-A
1922 F-A
Denver Div 4s
1949 J-J
Illinois Div 3*28
1949 J-J
Registered
Iowa Div sink fund 5s. .1919 A-O
1919 A-O
Sinkingfund4s
Nebraska Extension 48.1927 M-N
1927 M-N
Registered
1921 M-S
Southwestern Div 4s
Joint bonds See Great North
1913 M-N
Debenture 6s
Han & St Jos consol 6s. .1911 M-S
Chic& E 111 1st s f cur 6s. 1907 J-D
1934 A-O
1st consol g 6s
1937 M-N
General consol 1st 5s
1937 M-N
Registered
Chic & Ind C By 1st 58.1936 J-J
Chicago db Erie See Erie
Chic In & Louisv ref 6s. ..1947 J-J
Refunding gold 5s
1947 J-J
Louisv N A <fe Ch 1st 6s. 1910 J-J
Chic Mil & St Paul cou 7s 1905 J-J
1914 J-J
Terminal gold 5s
General g4s series A..el989 J-J
el989 J
Registered
Generalg 3*28 series B.el989 •J
Chicfe LSuDivg5s....l921 J J
Chic & MoRiv Div 5s... 1926 3 J
1910 J •J
ChiCcSrPacDiv6s
1921 J J
Chic& P Wlstg5s
1916 J-J
Dak & Gt So g 5s
1924 J-J
Far & Sou assu g 6s
1910 J-J
Div 1st 7s
Hast
1910 J-J
lst5s
1908 J-J
Extenlst7s
1919
LaCrosse&D 1st 6s
1910
Mineral Point Div 5s
1910
So Minn Div lst6s
1909
Southwest Div 1st 6s
Wis& Minn Div g 5s 1921
Mil & No let
L 6s.. ..1910
1913
1st consol 6s
1915
Northw
cons
7s
Chic &
1886-1926 F-A
Extension 4s
1886-1926 F-A
Registered
1987 M-N
General gold 3 His
»1987 Q-F
Registered
Sinking fund 6s. ..1879-1929 A-O
1879-1929 A-O
Registered
Sinking fund 5s.. .1879-1929 A-O
1879-1929 A-O
Registered
1909 M-N
Debenture 58
1909 M-N
Registered
1921 A-O
Debenture 5s
1921 A-O
Registered
1933 M-N
Sinking fund deb 5s
1933 M-N
Registered
See 111 Cent
Carolina Cent See Seab Air L
Cartilage & Ad see N Y C <fe
Ced R la F <fc N see B C R & X
<k
M-N
Q-M
M-S
JVo
January
l'»4
Des Mo & Minn 1st 7s. .1907 F-A 107
Milw<& Madison 1st 6s. .1905 M-S 101
North Illinois 1st 5s.... 1910 M-S 103%
121*2 121*2
Ott C F <fc St Paul 1st 5s 1909 M-S 104%
121* 9 124
Winona & St Pet 2d 7s.. 1907 M-N 112
128% 129*2
MU L S <fe West 1st g 6s 1921 M-N
97*2 99
Ext<fc Imp s fund g5s 1929 F-A 118
M-S
129*4
Ashland Div 1st g 6s. .1925
Mich Div IstgOs
1924 J-J 129*4
101% 103 H.
Convertible deb 5s
1907 F-A 103%
117 117
1911 M-N
Incomes
Chic Rock Isl & Pac 6s... 1917 J-J 122% 123
Mar'04
115
J-D
J-J
97
89 34
105*2105*2
119 H, Mar'04
Kegistered
M«fc StLlstgug7s....l927
1908
Ciaaada Soutli 1st 5s
> iA 5s
1913
Beglstered
1913
92*2
87*4
109»4 Oct '03
110
N
R&
87*a
89^
90 '4 J'ly'O
IfYO&H
&
J-J
.
&D
93 78
94 »g 134 92% 95*4
93 Hi Apr '04
92*4 93*2
100*4
I00 a4 130 100*4 102*4
100V 100*2 3 100*4 101%
Q-J
W
CenOhio R
94
MS
PJun<8>MDivlstg3*2sl925 M-N
Registered
pl925 Q-F
P L E & Va Sys ref 4sl941 M-N
Southw Div 1st g3*28... 1925 J-J
'(,1926
RA
J-J
103*8.
102*2.
104
129*2.
128*4.
111*4.
100
\
High
20
92
104
102
103
J-D
since
or
Last Sale
Ask Low
20
Oct
J-J
J-J
J-J
Range
April 22
Rid
Range
Week's
Price
Fri'ltlV
I&D
W
Kegistered
1939
1939
1992
Registered
General gold 4 His
1992
Registered
1940
Craig Valley 1st g 5s
A Div 1st con g 4s.. 1989
1989
2d consol g4s
Warm Spr Val let g 5s.. 1941
Greenbrier Ry lstgug4s '40
Clue <fe Alt BR ref g 3s. ..1949
Railway 1st
Railroad
Cent See So Ky
At Coast Line
Albany & Suaq Hee Del & Hud
Allegheny Valley Hee Penn KK
Alleg
West See Bull B & P
Am Dock & I in Hee Cent of X J
la ba
L
1st consol g 6s
95*3 Feb '02
four marks
,
Alabama
3d pref Income g 5s
pl945
Chatt Div pur mon g48.i;»"jl
Mac* Nor Div 1st g 5s. 1946
Mid Ga <fe Atl Div 5s
1947
Mobile Div let g 5s
1940
106»4 106»4 Cent of N J gen'l gold 5s. 1987
3
106 4 108
?il987
Registered
Am Dock <& Imp gu 5s. .1921
106 4 107*8
Le & H ud R gen gu g 5s 1920
106 34 108*4
Leh & Wilks B Coal 5s. .1912
107 108
pl910
Con ext guar 4*os
10 132 78 13278
N
Long Br gen g 4s 1941
° 134
1323.
Cent Pacittc See So Pacilic Co
Chas & Sav See Atl Coast Line
111»4 Hl 34 Ches & Oliio g 6s ser A.. h 1908
al911
Gold 6s
105*2107*4
105*4 106*4
107
107 % 108
10>>>4
:
U S
-S.=
105 % 105% 106 Apr'()4
105 Hi 105 % 106% Mar'04
U s 2s consol regi8tered.iil930
dl930
U S 2s consul coupon
Js consol reg small. .dl930
STOCK EXCHANGE
54
January 1
Week Endiku Apkil 22
Low High Central of Ga—( Con Untied)
N. Y.
Since
or
Last Sale
Ask Low
Bid
Government
O. S.
Range
Friday
April 22
BONDS
Range
Week's
Price
stock exchange
week Ending April 22
x. y.
<Jum and Electric Light
Atlanta G L Co 1st g .">s...l947 J-D
Bklyn u Gai Isl .on p 5s. 1846 M-N
j/Due.i'ne
h Duo
.rly
fc
Due Aug
1
1
:.
Sale
ollue Oct
09*4
77*8
114
i;
77
*•_
105
Apr'04
81
99
75% 80
81
81
Dec '97
Hi
115
11
11234 116
Due Nov sOption
sale
5
APR.
!
Bond Record— Continued— Page
23, 1904.]
BONDS
STOCK EXCHANGE
Week Ending Aprtl 22
Chic St L See Atcli T & 8a F<N. Y.
K
Friday
April 22
StL&NO
L&
High
,v,.
J un mini 1
Low High
See 111 Cent
Pitts See Penn Co
Nor Wisconsin 1st
St P <fc S City 1st g
6s. ..1930 J-.I
6s.. .1910 A-0
g 4s... 1947 .J -J
Chic* West Indgeng6s</1932 Q-M
Mich See Pere Marq
Chic
Choc O & Gulf See C R I & P
Cin H & D COD801 8 f 7s. ..1905 A-O
&W
1937
gold 4*38
Cln D <fe I 1st gu g 5s. ..1941
C I St L & C i'eeCCCAStL
Cin S & C See C C C 8t L
Clearfield & M ah See B R & P
Clev Cin C & St L gen g 4s 1993
1939
Cairo Div 1st gold 4s
Div 1st g 4s. 1991
Cln W<fe
St L Div 1st col trg 4s.. 1990
1990
Registered
Spr«* Col Div 1st g 4s. .1940
Val Div 1st g4a... 1940
C I St L & C consol 6s. .1920
_..fcl93C
1st gold 4s
£1936
Registered
Cln 8 A CI con lstg5s..l92S
1914
CC0<fc I consols
1914
Consol sink fund 7s
General consol gold 0s. 1934
1934
Registered
Ind Bl &
1st pref 4S.1940
1st pf 5s... d 1938
Peo & East 1st con 4s. ..1940
1990
Income 4s
CI Lor & Wh con 1st g os.1933
Penn
RK
iM
arietta
See
Clev cfc
Clev & Malum Val g 5s. ..1938
Clev & Pitta See Penn Co
194
Col Midland 1st g 4s
Colorado* Sou 1st g 4s... 1929
Coluin & Greenv js'm So Ry
Col & Hock Val See Hock Va
Col Conn & Term See N &
Conn & Pas Riva 1st g 48.1943
2(t
M
WW
W
OInd&W
132*2
93
131
Feb '04
1291, Mar'04
130'4
122 123
80 7a sale
llOHi
Apr
122
111
111
4
112V
J-D
101
10034
M-N
M-N
MS
J-J
M-N
Q-F
H
Sale
Del Lack & Western 7s... 1907
Morris <fe Essex 1st 7s... 1914
1st consol guar 7s
1915
1915
Registered
2000
l8tref gu g 3'as
N YLackifc 1st Gs... 1921
Construction as
1923
Term & improve 4s
1923
Syr Bing&N Y 1st 7s. .1906
W
Warren
1st ret gug 3 H2S. 2000
37
Feb '04
98
L20
122
IIII4
82*<
115*2.
62
J-J
FA
85
Sale
:,
4
lii-j>,
'
128
i"28
116
60*2 Apr'04
85 34
853a
56
48
M-N
J-D
J-D
J-D
J-J
FA
M-N
A-O
FA
A-O
A-0
A-0
M-N
M-N
11038111
130
112-VTan'04
129 '4 Feb '04
131
131^
<fc
131^
J-J
J-J
J-D
J-J
1937 A-O
1910 J-J
Atl g 5s.. 1937 J-J
Elgin Jol & East 1st g 58.1941 M-N
Elm Cort & N o See Leh & N Y
•Srie let ext gold 4s
1947 M-N
2d ext gold 5s
1919 M-S
3d ext gold 4 His
1923 M-S
4th extgola 5s
1920 A-O
6th ext gold 4s
1928 J-D
1st consol gold 7s
1920 M-S
•St consol g fund 78
1920 M-S
Erie 1st con g 4s prior. .1990 J-J
Registered
1990
ist consol gen lieu g 4s.. 1990
Registered
1990
Penu coll tr g 4s
1951
ButlN Y<fc Erie 1st 7s.. 1910 J-U
Butt& S
gold 0s
1908 J-J
Chic it Erie 1st gold 5s.. 1982 M-N
Jeff RR lstgu g 5s... .al909 A-0
Long Dock consol g Os.,1935 A-O
Coal & RR 1st cur gu 0s. 1922 M-N
Dock & Imp 1st cur 0s. .1913 J-J
N Y <fe Green L gu g 58.1940 M-N
N Y Sus & 1st ret 5s.l937 J-J
2d gold 4*28
1937 F-A
General gold 5s
1940 F-A
Terminal lstgold 5s. ..1943 M-N
Regis $5,000 each. ..1943 M-N
Mid RR ot N J 1st g 6s. 1910 A-O
Wilk& Ka 1st gug 5s. 1942 J-DI
W
W
84
89
"a
129*4
11) U 114*2
127
100*4 100*4
109 78 109^
133
4 137*4
;,
105*8 108
106
103
106
103
'.
.
1
09 Hi
.
99*2
99
106 58 May'03
105
106
9534
96
83
83
97 Jan '02
Jan
35
2S
10934
129
98 *s Sale
130
98
115
87
Sale
90«8 Sale
125
104
118 34 Sale
100
132
83
85*2
3o
36
94,
84
79
109 34 112*2
111
111
114*2115
11238112*2
KIS'4 111
Aug'03
98 *2
98*2 Jan '04
86*a
85^1
90*4
114*i
20 131
135*8
95
87
Feb
114
L5S
'04
Extended 1st g3*ss
1st gold 3s sterling
Coll Trust gold 4s
"66
91
100
132
*s
96 *2
98 *a
11014
1909
1921
Iowa Central 1st gold 5s.. 1938
Refunding g4s
1951
gold 5s
3d gold 4s
98 Hi
102i2 Sale
Jetlerson
RR
us'.,
Leh
Leh
110
102 "a 102 "a
113 12 Jan'04
11034
109
11034
109
anil Electric
ButtaloGas 1st g 5s
1st consol gold 4s
'1
s.-
>.,
9:;*.j
:i
113*2113*2
llO'Aj
11" ,111 58
109
uk;>o109
EdEUUBkn SeeKCoEL&P
EdEIll Se«N YG&ELH&P
Eq G LN Y 1st con g 5s. .1932 M-S
Eq G & Fuel See P G & C Co
Gaa«fe Elec Berg Co eg 5s. 1949
Gen Electric deb g 3 His.. 1942
Gr Rap G L Co 1st g 5s... 191
Hudson Co Gas 1st g 5s. .1949
Kings Co El L & P g 5a. ..1937
Purchase money 6s
1997
Ed ElilBkn lstcong4s 1939
LaoGasLof StLlstg5s.el919
Milwaukee Gas L 1st 4s.. 1927
*
No price Friday;
latest
J-D
F.A
Feb'04
65
97
100
98
105
A-O
A-O
J-J
103*aApr'01
102
103*a
1
35 103
106*4
106*4
*2
100*4 100'*
Apr '04
5
101k 101 '4
115
115
10 1*.
101*4 101*4.
Max 03
99*4 Oct OS
94
10134
Nov'03
Oct '01
103
102
103
101
....
103Hj 103*2
101 Apr'04
106*2 106H»Mar'O3
102
103
'103
92
95
Feb '04
110
123
May'99
95
80*2 Mar'04
SO
85 H»
Apr'04
101*8 Oct '99
100 Nov'00
106 34 Mar'04
93
93
106 M , 106 a4
124*2 Apr'04
124*4
90 Nov'98
119 Nov'03
119 34 Mar'04
98 's Apr '04
i24V
lis
87
U'1'4
.
82*a.
92 Hi 95
93
105
125
126
122
12()34
93*2
103Hi
101
101
93 '4
....
102*4
Dec '03
101
Mar'02
106
Mar'04
106
107*2 Dec *02
106*2....
98*2 101*4 101 Feb'04
99
102*4
107
....
119 Mar'04
98*2 100
174
70 Nov'03
119*4 123
100 Sale
70
•
110
110*2 110*4 Apr'04
98*e
106
101
1 19 •*»
1 1 *•*,.
100
97
109*8)12
Feb'04
89
89
1st 5s
89
89.
'-4
Mont
V
B&
M
B
118
70*4
63
Oct '00
26
/tl931
68
70«fe
115' 2 119
11 2*2
Apr '('4
107*2.
112
Feb'04
107*2
110*2 Feb'02
107
107
105 Jan '04
s
113 8 J'ne'03
1 09 H> Oct '99
107 Jan '04
94 Dec '03
105
108
102*2
111*2
l09Ha
115*4
110Hill2*»
111 2 112
*
104 34 107 Hi
105 105
107
107
100
Mar'03
116
Apr'04
116
116
100
101
100
97
111
Apr'04
Feb'04
100
DMM,,
Ocl
97
100
1<J32
1949
1934
118
118
119
97*2
98
HUH.
101
'01
"
Apr'04
Jan '02
96 8 99H»
1st gOs.. 1911
105*4 Mar'03
112 .Mar'02
112*2 Jan '02
112*2 Apr'02
115 8 Apr'04
110*2 Dec '03
1st
Coll trust gold 58
1931
5-20-yr col tr deed g 48.1923
E
Nash 1st g Os
1919
H&
011
70
P
191)
con g 5s 1935
N Y & R B 1st g 5s
1927
Nor ShB 1st con g gu5s 01932
Louisv <t Nashv gen g 68.1930
Gold 5s
1937
Unified gold 4s
1940
Registered
N
70
69*2
HO^llS
112
115' 4
:1
113*8
O984 Sale
H6
99 Hi 100
LOS 98" ibo"
100 Jan '02
110
110 Mar'04
109
,
90%
96' 4
96*4 Apr'04
113*8.
96^«
Nov*03
113
Next Page.
G5
65
96
98
Mut Fuel Gas Co See Peop Gas
Newark Cons Gas con g 5s 1948
97*4
105
98
J'ne'03
18
S
'.
ELH&
i>
g 5s.. .1948
4s. ..1949
Purchase money g
106
107*4 Sale
90 *a 91
107*4
Ed El III 1st convg 5s.. 1910
1033.
10.;
1st consol gold 5s
1995
in
\ Y<tyElL&Pistcong5.sl9:;"
101
N Y & Rich Gas 1st g 5s. 192
100
Peo liasdi c 1st gu g 6s.. 1904 M
102*3
2d guar gold 6s
102*4
19041
1st con gold 68
88
121
1943 A
Refunding gold 5s
194 7 M
103
104 105*2
ChG-L& free lstgu g 6s 1937 J
108 Sale
Con G Co of Ch 1st gu K 58
104H»107
EqG<fe FCh lstgu g 68.1905 J
117 H IIS"
102
.M u Fuel Gas
8t txu g 5s. 19
97
6 ibs" iof"" Syracuse Lighting 1st gSa.'Sl J
Trenton G <fe El 1st g 5s.. 1949 M
*:o5*2
28 87*3 90
ODneFeb dDueApr eDue.May /iDueJ'ly /j Due Aug o Due
i.i
:
Nov'03
112
111
61*2 Oct '01
85*4.
F-A
MN
93*4
1 1
1938
1922
Debenture gold 5s
::
I
&
Leroy <fc Caney Val See Mo P
Long Dock See Erie
Long Isl'd— 1st con g5s./il931
-\
1923 J-J
Det Gas Co con 1st g 5s. ..1918 F-A
94H»
1
<.ns mid Electric Light
Light
1947 A-O
Ch G L & C Co See P G & C Co
Con Gas Co See P G & C Co
Detroit City Gas g 5s
90Hi
100
& Hud R See Cent ot N J
& Wilkesb See Cent of N J
General gold 4s
Ferry gold4*as
Gold Is
I08»a 108>a
I09*a HOS;
101 8 1013a
102 *a lot
I
1
87
132
N
Knoxville & Ohio See So Ry
Lake Erie & Wlstg5s.. 1937
2d gold 5s
1941
North Ohio st gu g 5s.. 1945
L Sho <fc Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Leh Val N V 1st gu g 4*38. 1940
Registered
1940
Leh V Ter Ry lstgu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g os.1933
Leh & N Y 1st guar g4s.. 1945
Registered
1945
Bl
& N 1st g 1st pi Os.1914
Goldguar 5s
1914
85»4
n:;»- 118
V
90
1
see Erie
See L S &
See Tol & O
See St L & S
84
130
9
A&GR
MS
Kal
an & Mich
C
K C Ft S & M
F
KC&MR&B SeeStL&SE
Kan C & Pacific See M K & T
Bklyn<fe
HOHiMar'iM
1018s Apr '04
101 34 103H»
I13*a Mar'00
W
85
I
109
LO6H1
71
92 a4 Apr'04
111
L&
J5 117*2ll8 34
118 84
Aug'02
Apr'04
Apr'04
Mar'04
100*4 Apr'04
.
Unified gold 4s
11-',
Hi
933,
1952
gold 4s. ...1953
1953
Registered
1950
Cairo Bridge gold 4s
Louisville Div gold 3*28.1953
1953
Registered
1921
Middle DivregSs
1951
St Louis Div gold 3s
1951
Registered
1951
Gold 3*28
Registered
1951
Spring Div 1st g 3*28. ..1951
Western Lines 1st g 4s. 1951
1951
Registered
Bellev <fe Car 1st Os
1923
Carb & Shaw 1st g 4s. ..1932
Chic St
N O g 5s.. .1951
Registered
1951
Gold3*28
1951
Regist ered
1951
Memph Div 1st g 4a.. .1951
Registered
1951
St L Sou 1st gu g 4s
1931
Ind Bl & West See C C C & St L
Ind Dec &
1st g 5s
1936
1st guar gold 5s
1935
Ind H1& la 1st g 4s
1950
Int& Great Nor 1st gOs.. 191
125'2J'ne'03
118
113 sNov'03
108 *2 Jan '04
117Hz
112*2
97
May '03
1321* Sale
108*4
110
100
99*2
106
93 "a
'04
1123a Apr'04
108*4 Apr'04
114 Mar'04
10l 76 J'ne'03
131 a4 132»2
Sale
105*2 106
1951
1951
1951
1951
1951
1952
Registered
1st gold 3*28
Registered
Kentucky Cent See L <fc
Keok <fc Des Mo See C R
no
Jan
111
102
103
1999
Col& H V 1st ext g 4s. .1948
Tex See So Pac
Houst E &
Houst <fe Tex Cen See So Pac Co
1st g4s..l951
Central
Illinois
City Sou 1st gold 3s.. 1950
Registered
1950
Apr'04
75*2 Aug'03
79 Apr'04
114
112*ell5
4
Dec '03
93
94
101
94
ousatonic See N Y N H & H
1 8t consol g 4 *2S. 1999
Kan
114 12 Apr'04
II434
96 3
103
94
'04
71
19
106*a
\pr "1
Registered
Feb'01
111
Mar'Os
106*8
'al
MISCELLANEOUS BONDS—Continued
Gns
.
LN O&Tex
03*4
1" 1303„ 131*2
.
99 Hi Sale
107
105 Sale
95 7s Sale
S3 Sale
105
106*2 8a e
73>2 74
1
1
2.1
SeeStPM&.M
J-iast Ten Va & Ga See So Ry
l/astof Minn
.
Registered
112«8 1]258
129 u I29>a
1275e 130 129 14 Mar'04
114 114*2 1 12 14 Apr'04
101 a4 --100*4 Jau '04
107 ...
109?, Feb '04
102 Feb '03
134* 4
13334 Mar'04
149 Aug'01
105 h Apr'04
1(16%
122 J'ne'99
106 Mar'04
103 Ha
103 Apr'04
14334 Nov'02
141V
140
147!2J'ne'02
A-0
Utah Cent 1st gu g4s <*1917 A-0
Rio Gr So gu See Rio Gr So
Den <fc S West gen s f g 5s 1929 J-D
Des Moi <fc Ft D See C R & I P
Des M <fc Minn See Ch & N W
Des Moi Un Ry 1st g 53..1917 M-N
Det M & Tol See L S & M So
Det& Mack 1st lieu g 4s. 1995 J-D 96*a
Gold 4s
1995 J-D
94
95
1951 J-D
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941 M-S
79 ....
Dul<& Irou Range 1st 5s. .1937 A-O 110 110*2
Dul So Shore
W
W Har a
Han<feStJo SeeCB<fcQ
116
Oct '98
140
Dec '03
11 e
103*2
'
Gray's Pt Term See St L S
,,i ,\or— CB&QcoU tr4s 1921
1921
Registered./!.
Greenbrier Ry See dies & O
Gulf* SI lstref<fetg5s 61952 J-J
;is
95
59
65
112ia 112>a
A-O
M-S
J'ne'02
W
Feb'04
116
112
IO?
lie
103
.
105*4.
Hock Val
96
Apr'04
112*2 Feb'04
60
Apr
A-O
i'0'9"
W
us
99S4
99
HO'allO*!
96
59
Mar'04
Mai-"1
1
Utah
AL-
II hi 1
8
103
loo
Sim
^< January
VGA
104*2 Nov'01
95 a4
(
!•
Ask Low
Hid
118
Jt'ange
or
Last Sale
95-MOlip Gouv & Oswegat See N Y Com
lOO^-i 101 14 Grand Rap<& Ind See Penn RB
100 105
lOOValoiHi
Mar'04
128
127
131
L29»4
78
110
'.is
10
110 "a Mar'"!
120 J My '03
111*2.
A-0
J-J
101
10234 102*2 102 Hi
101*2 99 Jan '04
61 100 102 Dec '02
93 ....
94HiAug,0S
105 Jan '04
I06*a
103 101 Hi Mar'04
Q-J
& Hud 1st Pa Div 7s. 1917 M-S
Registered
1917 MS
Alb & Sus 1st con gu 7s. 1900 A-0
Registered
2d 0s
Pitts See Penn Co
& T H 1st cons Os.1921
1942
gold 5s
general
let
Mtveruou 1st gold 6s. .1923
Soil Co Branch 1st g 5s. 1930
Ev«fc Iuil 1st con gu g0s..l920
F^argo ib So See Ch M <fc St P
lmt & Pere M Bu Pere -Mar
it Penin See Sea Air Line
la
Fort St U DCo 1st g 4*28.1941
1921
it Den C lstg6s
Ft
& Rio Gr 1st g 4s. 928
Ft
l
101 4 Apr '04
99
A-0
Del
Registered
1900
1900
Guar gold 6s
Registered
1900
Rens<fe Saratoga 1st 7s. 1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denv<fc R Grist con g 4s. 1936
Consol gold 4*38
1930
Improvement gold 5s. ..192b
RioGr West 1st g 4a
1939
Consol and col trust 4s 1949
&
trie
Week's
Range
April 22
iTalHA H of 1882 1st 58.1913 A-0
Georgia & Ala See Sea A Lino
Ga Car & Nor See Sea A Line
Georgia Pacilio See So Ry
Nor See So Pac Co
Gila
*
J-D
J-D
J-J
J-J
25
Apr '04
l
M-N
J-J
1301-.
i;:i",
80 7 e
80 >4
104 Hi Dec '03
113 Oct '00
113 Deo '03
J-J
J-J
16
132Hi
Deo '03
W
Dak&GtSo SeeCM&StP
alias & Waco See M K & I
Price
fridaii
Brans
P M & O oon 6s... 1930 J-D 133
Cons Os reduced to 3 >*s. 193" J-D
131
Cti St P & Minn lstg6s 1918 M-N
Chicago Ter Trans
1483
2
STOCK EXCHANGE
WKKK EKDtNQ APRIL 22
1
2
1
N. Y.
S nee
as;*
J
BONDS
Range
Last Sale
Ask Low
Hid
<fc
Clnc
Chic St
Chic St
Weeps
Range or
Price
1«
9
.
SS Feb'04
107 4 Dec '00
104 a4 Mar'04
:!
db's"
!
1173all9
933 8
Apr'04
93*4Mav'03
107
107
90
89
119
Q-F 107
90 Sale
M-N
bid and asked this week. aDueJan
1
1
,
90
Hi
107% 16
1
Oil'-
Apr '"1
1
l.M4
Apr'04
Feb'04
Mar'04
101
100
107
n»
91
..
...
...
1083«.
93 34
L02 Hi 105*4
115*4
1"0'-. 102
1"" 100
li.".',
101 H-.J'ly'u..,
loon. Dec "03
12;!',
Mar'04
108
Api'i'4
[03
.Mar'04
1'.-
lOti Hi
101
105
I18'*4
1
Mar'04
..
-Mar'04
...
124
104
103
;'2l08
106«»
104
101»*
|101
105.
105
109 Feb'01
Oct jDueDefl «OpMod
i
6
*
7
.
Bond Record
1484
BONOS
e.3
STOCK EXCHANGE
Week Ending April 22
X. Y.
«|
Price
h^ri&ay
April £2
—Continued— Page
Week's
Range
Range, or
Last Sale
since
2.°
January
BONDS
STOCK EXCHANGE
Week Endim; April 22
X Y Cent & H \i—<Continii*d)
XT
1
Jiigh No Low High,
Rid
Ask Low
<t Hanhv—(Continued)
LCin & Lex gold 4%8... 1931 M-N 104%.... 10Si4 .7:in '08
125 Mar'04
128% 124
X O M Is; gold 68.. ..1980 J-J
Jjouusv
2il
L980
920
1921
1980
g6a 1981
gold 8s
.
.
1
Hender Edge lei si
Kentucky Cent gold 4s.. L987 J-J
MS
st g4%8] 9
L<fc -N A. M & M
1
LA
1
N-South M joint 48.1962
Registered
1952
Fla
X
A S 1st gug 5s. ..1937
Pens A Atl 1st gu g 6s. .1921 F-A
8 & X Ala con go g 5s. .1986
sink lund gold 6s
1910 A-O
FA
LA
Jert
Bdge Co gug4s.. 1945 M-S
L X A A Oh
See
&L
LS&MS
G
Ui2»4
110
121
122
105*4
...
119
122
121
75
113
Nov'99
112
.
19
Jan'04
115
112
112
"West Shore 1st 4s gu... 2361
Registered
2361
Lake Shore gold 3*28... .1997
Registered
1997
Debenture g 48
1928
Det Mon &Tol 1st 78.1906
115
116
Ka A
,
91*2
W
See Man Ry
consol gold 4s. .1911
income g 3s.al939
2d consol income g 3s. .ol 939
coll gold 5s
1917
Equip
2d series gold 5s
1919
Coll tr g4%8 1st Ser
1907
A-0
A-O
102% Sale
102i«
10378
102^
Dec '02
J-J
109*4 109*2 109 1*
109>4
101*a 104
107*4
5s
Registered
4s
Registered
109%
J-D
1st consol
A
J-J
J'ly
J'ly
65*2 Sale
1234 Sale
7*2
6*a
XJ
W
M
68
64
71*2
12»8
13
6 34
12%
16*4
9*4
6>2
A-O
FA
See Erie
Mil L S A
See Chic A
Mil A Mad See Cliic <fe
Mil & Xorth See Ch
A St P
Minn A St D 1st gold 7s.. 1927 J-D
1909 J-D
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921 A-O
of
65 >s
6*4
A-0
96
Mex Internal. 1st con g 4s. 1977 M-S
Stamped guaranteed
1977 M-S
Mex Xorth 1st gold 6s
1910 J-D
Mich Cent See X Y Cent
Mid
95^4
Apr '04
90 s
J'ly'0]
8
105
91
142
117V
115
95 h>
.
120*2120*2
114*2115*2
96
98
MStPASSMcong4intgu'38
98 Apr '01
J-J
MAPlst58Ktpd4siutgii 1936 J-J
103 Nov'01
M S S M A A 1 st g 4 iut gu 1926 J-J
Minn Un See St P M A M
99»4 100
Mo Kan & Tex 1st g 4s.. .1990 J-D 99%
78*4
78 *2 Sale
2d gold 4s
78%
f/1990 F-A
1944 M-N 103 »s sale 102*4 103%
1st ext gold 5a
82 Mar'04
82
St L, Div 1st ret g 4s. ...2001 A-O
102 Jan '04
Dal A Wa 1st gu g 5s. 1940 M-N
96*2 100*2
75*2 81
98*2 103%
80
82
102 102
86
88\
106*2111
99 101*4
100 103
F-A
A-O
M-S
So 1st gu g 5s. 1943 J-D
1st g4s... 1990
Sher Sh A
Missouri Pacific 3d 7s
1906
1920
1st consol gold 6s
Trust gold 5s stamped. «1917
Registered
al917
1st coll gold5s
1920
Cent Br Ry 1st gu g 4s. 1919
LeroyAC V A List g 5s 1926
Pac R of Mo 1st ex g 4s. 1938
2d extended gold 5s. ..1938
St L Ir MA Sgeu con g 5sl931
Gen con stamp gtdg 5s 1931
Unified A ret gold 4s.. 1929
Riv A Q Dir 1st g4s.. 1933
Registered
1933
Verdi
1st g 58.1926
Mod At Birrn priorlieu g5s 1945
Mortgage gold 4 s
1945
Moti J A K C 1 si cons g 5s. 1953
Mob A Ohio new gold 6s.. 1927
1st extension gold 6s../il927
General gold 4s
1938
Montgom Dir 1st g 5s. .1947
St L A Cairo coll g 4s..el930
Guaranteed g 4s
1931
A O coll 4s See Southern
Vl&W
M
86
107
87*2
100% Sale
A-0
A-O
J-J
M-N
MN
100
100
102
113
102*4
104
107
103*4 107 *s
91% 93
May'01
102*4
4
114 se 113
11 1*2
91
J-D 126
Q-J 119 123
M-S
93
94
F-A Ill's
Q-F
89
91
J-J
123*4
130
Mar'04
Feb'04
Dec '03
Jan '04
130 130
90
94
114 114
88*2 91
90 Apr '04
98 *2 Nov'03
St D 1st 78.1913
1st consol gold 5s
1928
123
123
110*4i"l*2%
U0*a
Jasper Branch 1st g 6s. .1923
McM M A Al 1st 6s.. 1917
T A p Branch 1st 8b.. ..1917
W
Nash Flor Ac Ishel See L A N
Nat of Mex prior lien 4 '-js. 926 J-J
1st consol 4s
1951 A-O
New II A D Bee N Y N haN J J uiic RR See N v Cent
NewACinBdge SeePennCo
NO AN (£ prior lien g 6s pl916 A-0
N Y Bklu A Alan Bch See L I
NY Cent <b H Blvg3%8.1997
123
111
120
123*2
110*2 116
113
Dec '99
118
116
.118
111
J'ly '02
Dec '99
CC&Tl8tgng5s
1922 J-J
Scio V & XT E 1st gu g 4s 1989 M-N
North Illinois See Chi & N W
North Ohio See L Erie & W
Nor Pac—Prior lien g 4s.. 199
Registered
1997
General lien gold 3s
«2047
Registered
o2047
St Paul-Dul Div g 4s.
1996
Registered
1996
C B <fe Q coll tr 4s See Gt Nor
St P &
P gen g 6s. ...1923
Registered certiflc's..l923
StPaul&Dul I8t5s....l931
2d 5a
1917
1st consol gold 4s
1968
N
Iron Coal
Wn LEA
I
PC
•No price
1
&C
.1910
See
99%
109%
109%112*4
Jan'04
122
97% 97%
100
I05*2l05*a
97*4
Sep
Mar'04
131*4
Apr '03
101%
100%
101
101% Sale
113
115*,
Jan '02
101
102
97*4
116%117%
104*4 Apr'04
103*4
103*4
124%.
97
'03
113 Apr'04
116*2Apr'04
113*4
122
J'ne-02
103*2 106*4 105*2 Apr'04
106*2 Nov'00
101
Sep
78
104
104*4
102*4
104%
101
101
4
101% 101%
16
100% 103*2
'03
101
101*4
100
Dec '03
104
101
112*? Apr'04
Aug' 03
130
127
111
10 125*4 129
96*2 99
82
91*4
63
107*2J'ly'01
101*2 100*4 101
3
90*4
103% Sale 103*8
72*2 Sale
72%
68
70*4
112*2
Nov'03
125*4 125*4
97*2
98
9 6*2 Sep '03
87%
91*4
99*4 101*2
103% 115 101% 103*4
Apr'04
101
72% 67
Feb'04
97% Jan '04
70*4
68*4
102*2
73
70*4
97% 97%
J-D
F-A
121%.
F-A
A-O
108*4.
105*2.
96*a.
132
J-D
85
122% 122*4
122*4 Mar'04
J'ly '99
112*4 J'ly '03
105% Apr '04
105% 108*4
96% Nov'03
94*2 Feb '02
112% Mar'04
.
112*2.
111
113
105
109*4
114*2 May'03
108*2J'ly'O2
Mo Pac
1st 8 fund g 4*28.. 1917
Sink fund subsidy g 6s.. 1910
1st g 4*as.l921
Registered
1921
Guar 3*28 coll trust, reg.1937
Guar3*2SColl tr ser B...1941
100
73
101
70*4
107
V
98% Sale
98%
98*2
Jan
96*4
'04
98
100
100% 100%
100% Apr '04
V
.
100*2 Mar'04
M-N ioijj
M-N
F-A "89>4 Sale
102%
100*4 100%
100*2 100*2
100% Mar'04
99 Dec '02
101*8 Apr '04
100
100%
88
89>s
88
88
86
86
90
85*«
90
Series
Series
Series
Series
Pitta Ft
105%
2d7s
3d 7s
100*2 101*s
"87%" Sale
87*4
87*4
HI',
91 Jan '03
106*4
105% Mar'04
105*2 102 Mar'04
104
102
112*"
88*4
102
-'
B guar
D 4s guar
E 8*2 guar g
98
72
100
71% Sale
55
106
88
74
71
L6
102%.
107
May'97
102*2.
I02*2<)<
I
1
95U
68
70
83
105
98
79*2
73*v
91
104
J'ly'03
104
101
102
Deo '03
J-J
W
<fe
A-0
M-N
M-N
F-A
J-J
J-J
M912 A-0
RR
103
104
71*4 Sale
103%
71*4
32
Friday; latest bid and asked thla week,
96% 96
Dec '03
,
F-A
J-J
J-J
J-J
Dec '03
95% Mar'04
118
109
106*4 10S*a
108*4 Aug'03
113*4
A-O 112
M-N
on Next
anil
Jan '04
Nov'00
Apr'04
98% 98%
Mar'04
Mar'04
109*9 110
109*4 111%
116*2 Feb'01
101*2 Jan '04
101*2 101*2
96
102
98*4
96
96
102
,110
.110
lit)
110
Feb'04
127% Oct' 02
121 Mar'04
119 Apr'04
107 *2 Mar'04
92
89*a
120*8
119
118*4 122
105*2 108
91
92
121
119
121
119
104*2107%
I'.igc
Telephone
&
Tol coll tr Is 929 J-J
Telep
Conira Cable Co Lai g Is. .2397 Q-J
I
h
Registered
2397
Erie T & T ool tr g s 5s. 926
L918 M-N
Met T dt I Lata a Da
W'esln I'll
Milt. Ull Tel !0
S
X Y <fc X J Tel gen g 5s.. 1920 M-N
1
.
1
1
NoWestnTeleg SmWosI
l
Mar'oi
104
102
104
101% 104
100*2 104
67% 73
71*4
Jan '00
a Due Jan
96*2 Apr '03
91%....
84
86*2 100*2 Apr '02
100 *a Oct '00
109 Oct '99
110*4 Nov'03
112
.
b
Due Feb
Manufacturing
107%.
105*4 J'ly '03
D
West Union col tr cur 5s. L888 J-J
Fd and real est g4*aS...1950 M-N
Mut Un Tel s fund 6s... 191 M-N
Northw Tel gu t 4 '28 g.. 1934 J-J
1
100
104
87
28 108
I
'OS
Oct '00
Apr'02
,
108*8 108*8
107*2 Apr '04
102 Nov'98
92*4
Penn
1st real est g 48. 1923 M-N
1905 J-J
Consol sterling g 6s
Am
105
106*4 Feb '02
105
Apr '03
102
Con currency 6areg...;1906 Q-M
Xov'00
Mar'04
Apr'04
Mar'04
72*4
J'ne'02
1942
1942
1945
1949
C 1st 7s... 1912
1912
C guar
Telegraph
106
M-S
108*2
101*2 102
108*8 Sale
107*2
PCC&StLgu4'-jSA...1940 A-O
99 >a Nov'02
89*4
J-J
J-J
M-N
97%
A-O 115*4 118
1982 A-O
gu g
CI <fe P gen gu g 4 »2S ser A. '42
Series B
1942
Series C 3*23
1948
Series D 3 *2S
1950
Erie & Pitts gu g 8 "28 B. 1940
Series C
1940
N<fe C Bdge gen gu g 4*28 1945
98*2
98
A-O 100
M-N
3*-2S.19i6
1st con g 5s. 1932
certil'a
St L <fc P
Registered
C
928 J.J
1st g El
Co 1st g 5s. 191 9
98
98*2
W
Tr Co
101
RochAb PltCife I jiurin 58.1946 M-N
Tonn Coal gen Ba
J-J
Tenn Div let g 6a
01917
Blrm Div 1st consol 6a. .1917
CaliC M Co 1st gu g e
DeBarCA;
122
127
Oswego & Rome See X Y O
O C F & St P See C & N
1946 J-D 108*2 Sale 108*2
Pao Coast Co 1st g 5s
Panama
Feb'04
73*2Apr'04
76
101
100
I
Va
109%
W
ac of Missouri
101
98
Conl and Iron
Col C & I Dev Co gu g 5s. 1909 J-J
Ool Fuel Co gen gold 6s. ..1919 M-N
Col FAb I Co gen s g 5s.. 1943 F-A
Convertible deli g 5s
1911 F-A
Trust Co ctfs
OrRivCoali&C I si g 6a. .1919 A-O
Jeft' & Clear Cifc 1 let g 68.1926 J-D
2d gold 5s
1928 J-D
Kan A HGAOlstsl K68.1951 .1.1
1
Nov'03
Jan '03
11978
118
97*4
"Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Ry
Cal
Nor
See So Pac
Nor Wis See C St P M & O
Nor <fe Mont See N Y Cent
See C C C & St L
OInd &
MISCELLANEOUS BON 1>.S—Continued
6s.
121
139
102
. . .
i
F-A
F-A
F-A
Beech Creek Istgug4s.l936 J-J
Registered
1986 J-J
2d gu gold 5s
1986 J-J
Beech Cr Ext lstg 3*2S 61951 A-O
r
Feb '02
109%
#1992 M-S
Penn Co— Guar
1
s
114
98
Ore RR & Xav See Un Pac
Ore Short Line See Un Pac
Nash Chat &
Pleas Val Coal 1st g
99*4
118
116
hio River RR 1st g 58.1936 J-D
General gold 5s
1937 A-0
Ore & Cal See So Pac Co
teNYC&H
Monongahela Riv See B & O
Mont Cent See St P M A M
Morgan's Da & T See 3 p Co
Morris A Essex Bee Del L A W
Registered
1997
Debenture 5s ot... 1884-1904
Registered
1884-1904
Registdeb 5s of.. .1889-1904
Debenture g 4s.. ..1890 -1905
Registered
1890-1905
Debt oerta ext g 4s
1905
Registered
1905
Lake Shore coll g 3*28. ..1998
Registered
1998
Mich Cent coll g8%8.... L998
Registered
l'jws
125*2
W
101 102*4
109*«113
Mohawk* Mai
i
118
118
Norf
111*2111*2
91
91
93*2 Apr '04
114 Jan'04
97*2
104*2
106*4 109
106'4 108%
98 100*4
<8s
1
113
20 111%115*2
112% Sale 112*4 113
109*4 Oct '03
87
87 »2 88
88*2
88% 23 84
91*2 92V, 92*2 Apr '04
92*2
91
111
88
99%
Apr '04
99*4
toNYC&H
Put
99%
98
X Y & R B Bee Long Island
N Y S W See Erie
N Y Tex & M See So Pac Co
M-S
J-J
J-J
J-J
V-.
108
107
98 34
Nor & South 1st g 6s
1941 M-N 111*4...,
& West gen g 6s
1931 M-N 127 ....
Improvem't& ext g 6s. .1934 F-A 125*2....
New River lstg 6s
1932 A-O 126 126*2
X & Ry 1st con g 48.1996 A-O 97% 98
107% 107%
Registered
1996 A-O
118% 121*4
PocahC& C Joint 4s.. 1941 J-D 91% Sale
86*2
86 S2
107 Apr '04
100*4 101
103 Mar'04
M-N 108*4
107% Mar'04
121*4 121*4
M-N 121=8
M-S 105 4 Sale 105*4 105%
M-S
F-A 106
106 Apr '04
92
F-A
93
92% Apr '04
J-J
F-A
J-J
X Y&
Oct '02
107%
106%
98 *s
M-N
X Y & Har SmNTCA Hnd
X Y Lack & W SeeDL&W
X Y L E & W Bee Erie
NY<feLongBr See Cent of X J
NY&XE
&ceXYXH&H
New York New Hav & Hart—
Housatonic R con g 5s. .1937 M-N
X H & Derby con g 6s. .1918 M-N
X Y & N E 1st 7s
1905 J-J
1st 6s
1905 J-J
N Y & Xorth See X Y C & H
X Y O & W ref 1st g 4s. .#1992 M-S
Regis $5,000 only
. .
MoK A E 1st gug 5s.. .1942
M K A T ot T 1st gu g 5s. 1942
lstg3*28
1962
Bat C& Star 1st gug 3s. 1989
N Y & Harlem g 3*28... 2000
Registered
2000
N Y <fe Xorth 1st g 5s. ..1927
99
J-D
M-N
M-N
A-O 113
97*2
R W&Oconlstext5s.'il922 A-O 116
Oswe & R 2d gn g 5s...el915 F-A
R
1st gng 58.1918 M-N
Utica & Blk Riv gu g 4s. 1922 J-J 104*4.
N Y Chic & St L 1st g 4s. 1937 A-O 103*41.
Registered
1937 A-O
N Y & Greenw Lake See Erie
Dec '03
11238Dec*03
120*2 Feb'04
121
Jan '02
114*2 Feb'04
96 Mar'04
111*2.
115*2.
MS
108*8
106*2...
W&OTR
May'00
XW
XW
South West Ex 1st g 78.1910 J-D
1934 M-N
1st consol gold 5s
lstandrelund gold 4s.. 1949 M-S
Minn A St L gu See B C R A X
Kan O A Pac
1931
1931 Q-M
1940 J-J
1940 J-J
1951 M-S
JL&S lstg 3*28
Metropolitan El
Mex Cent
J-D
J-D
M-S
F-A
Pitts
I
Million Coal See
anlialtan Ryconsol4s.l990
Registered
1990
MetropolEl 1st g 6s.. ..1908
Coloniz g 5s.... 1934
Man 8
McK'pt A B V See X Y Cent
108
J-J
G R 1 at gu
<fe
106
105*2 Nov'01
58.1988 J-J
J-J
J-J
J-J
J-J
Mich Cent 1st consol 6s. 1909 M-S
97*2
Apr '02
107% J'lv '00
103
C'l RR 1st 6s. .1934
McK & Y 1st gu 6s. 1932
2d guar 6s...
,,.1934
McKees&BV lstg 6s 1918
Mahon
lio Mar'08
97 ] aA]>r 04
97 >a.
98
89*'" "92"'
Dec '03
111
115
112
114*2.
97*4
95
Since
*<| January 1
High So Low High,
Ask Low
Bid
1st
X J June R gu 1st 4s. ..1986
X Y&Pulstcongug4s 199:!
Xor & Mont 1st gug 58.1916
122
J'ne'02
93*2 97»4 Jan '04
102*4 ....
l07"aJ'ne'08
9l»2
91 34
91% 92
Range or
Last Sale
t
Ang*03
116»8Mar'02
J -J
M-S
M-S
M-S
M-S
Ad
<fe
Range
Week's
Price
fridjan
April 22
gu g4s...l981 J-D
Clearf Bit Coal 1st s 4s. 1940 J-J
Gou v & Oswe 1 st gu g 5s 1942 J-D
Moll & Mai 1st gu g 4s.. 1991
Cart
<fc
NT OS M .•' (told 6b
Pensacola J)iv gold 6a.
St I. Div 1st gold 6s
Y.
.
lxxvtil
[Voi-.
3
107*2 108*s 108% Apr '04
104 Sale 103*2 104 *(.
105 116
10?»2J'ne'03
100 Sale 100
102 *4
Q-F
M-S
M-S
90
77
84*4
85*2
85*a
86%
J-J
77
80
78*4
Apr'04
Due
J 'ly
e
g
105 108*2
101*2104*4
12 100
102*4
95
70
82
74
98
81 *a
«v Industrial
1915
Am Cot Oil ext 4*2S
Am Hide& L 1st st g6s.. 1919
Am Spirits Mtg 1st g6s.,1916
Am Thread lbt ool tr 4s. ..1919
Due May
If.
Due
J
ue
ft
100
80
p Due Nov
96% Apr'04
77
s
77
Option sale
88
78%
—
—
Apr.
"a
STOCK EXCHANGE .a
WEEK ENDING APRIL 22
N. T.
UK
1919
Consol gold 5a
1943
Con ho gold 4s
1912
Convertible g 34s
Alleg Val gen gu g 4s... 1942
C1& Mar 1st gug 4ks.. 1935
i
UHKliik Bgel8tgu48g.'36
GrR<fc Iexl8tguR4ksl941
Sun <fc Lewis 1st g 4s. ..1936
U N J RR & Can gen 4s. 1944
Pensacola «fc Atl See 1, & Nash
Peo & East See V C C & St L
1921
Peo<fc Pek Un let g 6s
61921
2d gold 4 ks
5s 1921
Pere Marq— Ch&
1920
Flint* PMgOs
1939
1st consol gold 58
Pt Huron Div 1st g 5s. 1939
SagTus«fc H 1st gug 48.1931
Phila& Beading cons 7s. 1911
Pine Creek reg guar 6s... 1932
Pitts Cin <fe St L See Penu Co
Pitts Oleve & Tol SeeH&O
Pitts Ft
& Ch See Penn Co
1922
Pitts June 1st gold 6s
Pitts & L Erie 2d g 5s...al928
Pitts McKees & Y See N Y Ceu
Pitts Sh <fc L E 1st g 5s. ..1940
1943
1st consol gold 5s
WM
W
Reading Co
H
&
Pitts
Week's
Range or
113
108
97
See
L Ac Iron Mount See M P
L K C & N See Wabash
St L M Br See T RR A of St L
8t L & S Fi an 2d g 6s CI B 1906
High.
114 Dec'03
106 Aug'03
96 k
97
102 Nov'97
3
112 4 Mar'OO
Sale
100%
99
108 k.
99
109 k.
o
10
108k
108 4
117*"'
May'OO
Jitgfl
10 108 4108k
123 k Jan '04
95 J'ne'03
109 Apr '02
118
118
92
10i> 3 4
118%
110k
110
108
Us
110k 1104
1104 Feb'04
119 4 Apr'04
137 Nov'97
118V,
109
II114
lO'.l
».,
1
119V,
111
1194
W
Mont eit
1st gold 4s.. ..1937
Registered
1937
EMinnlstdivlstg58..1908
Nor Div 1st gold 4s. ...1948
Minn Union 1st g 6s.. ..1922
1st gug 6s
1937
Registered.
1937
1st guar gold 5s
1937
WU1<£ 8 F 1st gold 5s.. 1938
St P
Nor Pac See Nor Pao
MontC
&
Sabine Div Istg6s....l912
1943
Con gold 58
1994
Southern— 1st con g 5s
115kMar'04
1994
Registered
115 4115 k
98 J'ly'97
Mob & Ohio coll tr g 4s. 1 938
Mem Div 1st g 4k-5s... 1990
120kDec'02
1951
st Louis div 1st g 48
9738
Sale
98 4 16U 94% 984
1918
Ala Cen R 1st g 6s
96kJ'ly'03
1948
Atl & Danv 1st g 4s
92 % 44 91*% "94%
923* 92 k
Atl <& Yad 1st g guar 48.1949
1916
Col & Greenv 1st 6s
Va&Ga Div g 5s. .1930
1956
Con 1st gold 5s
1938
E Ten reor lien g 5s
110 105 Dec'03
1922
GaPac Ry 1st g 6s
63kMar'04
67
Knox & Ohio 1st g 6s.. .1925
63k 634
92 Mar'OO
1915
Rich & Dan con g Os
1927
Deb 58 stamped
115
98 k
92 k
8FePres& Ph
N
lOlkNov'Ol
83
87
Virginia Mid ser
Series D 4-5s
Series E5s
General 5s
ref
gu g 4s 1949
Registered
1949
Mort guar gold 3ka..kl929
Registered
VG&N
W
106*8
113
100
,
106 Feb '04
104 k Dec '03
122»4 Mar'04
.
lllk
105V,.
1054
124
11034
.
12234
lllk
J5 110
96 Apr'04
100 Jan '04
82 k
83
119 k Feb '04
96
100
See
108
108
1004.
101 Feb '04
111 4 Oct >o
103
11334 Sale
113%
A
of St L 1st g 4ks..l939
1894-1944
1st con gold 5s
1. er
77
77
743s 233
.
26
WMinW&NWlstgues'SO F-A
72 4 78 4
1935 J-J
70
74% Tol & O C 1st g 5s
Western Div 1st g
6s. ..1935
General gold 5s
108
107% Apr '04
130»4
131
140
107 «b 1104
Mar'04
May'02
130
108% 108k
116kApr'01
lllk lllk
108
lllk
1935 J-D
TolStL&WprUeng3ks.l925
HO^
100
60-year gold 4s
1950
Tor Ham & Buft 1st g 4s.M946
lllk Ulster<feDellstcong5s 1928
10134
n Pao RR & 1 gr g 4s. .1947
Registered
1947
1st lien convert 4s
1911
1911
Ore Ry <fc Nav con g 48.1946
Ore Short Line 1st g 6s. . 1922
1st consol g5s
1946
1927
4s & participating
Utah & Nor 1st 7s
1908
Gold 5s
1926
Unl N J HH & C Co See Pa RR
Utah Central See Rio Gr Wes
Registered
128 Apr'02
134
135
115 Apr'97
114 k Mar'04
117 Jan '04
1343a.
II434.
*116k.
133
135
U4klUk
117
117
110
Jan '04
110
115
117
101
101
113
1134
11741194
109
1104
118»4 122
20
114
J
120
115
10341054
110 112%
110 34ll034
11241144
J'ly'00
1044 Sep '02
.
J-J
100
117
89
MM
M-N
J-D
F-A
J-J
F-A
J-J
J-J
& North See Un Pacific
& Black R See N Y Cent
Val Ind & W See Mo P
Ver
lrglnia Mid See South Ry
Va & Southw't 1st gu 58.2003 J-J
1939 M-N
70k Wabash 1st gold 5s
114%
.
119
Sale
103
1064
113
1114
108
92
89
91
83 34 Sale
A-O
92
J-D
J-D 109
J-J
J-J
1074J'ly'03
.
1084.
A-O
M 1st gu g 4s. ...1990 A-O
PA Wist gold 4s. ...1917 J-J
Kan &
Tol
132
107kl084
10134 102 >* 10134 10134
106 May'01
104 Aug'03
1014.
1094
108%
*
U94
92
A-O 109 k.
73%
78k
1194
110 34 Mar'04
93 Dec'03
113 Mar'04
.
119
119
107
108
r
96
100
794 84
73*8 Sale
4
4
1144U44
Oct '03
Mar'04
116
113
112%Apr'04
122
97
102
110 Feb'04
108 110
93 4
94 "Yd 93
954
113 Deo '03
93 34
94
93 4 9\5
117k 1174
115 1174
91% Mar'04
914 92
lllk
.
102
'04
i'03" 103
11334 190 111
114
108
109
U4k.
100
80 34
Jan
109
109
122 Mar'04
120 Jan '04
115 Apr'04
108 4 Dec '03
92 Sep '02
105 4 Mar'04
123 FeD'02
112 Feb'03
115 Jan '03
105 4108
1104
95%
78V,
94
100k
96 k Sale
78
78 3
9334
H434
F-A
66
St L M Bge Ter gu g 5s.l930 A-O
1194U94 Tex & N O See So Pac Co
78k 66 78
80% Tex <fe Pac E Div 1st g 6s .1905 MS
2000 J-D
1st gold 5s
2d gold inc 5s
$2000 Mar
La Div B L 1st g 5s
1931 J-J
96k 47 92 4 964
82% Sale
1194
94
100
78
105
106
1064
107 4
10141014
Mar'04
103
121
RR
1244 SyraBing&NY ««DL&W
1114 |>ebo&N SeeilK&T
106% 577 106% 106%
1144
Feb '04
1094 Apr'04
113
119 120
109
12134
C 0S...1916
Penn
130k
904
130
1144
114%
W
Sunb & Lew
Mar'04
Sen '02
119
914
& N Ala See L & N
Spok Falls & Nor 1st g 63.1939
Stat Isl Ry 1st gu g 4ks..l943
1044105
112
113
93 4
1094
93»4
Jligh,
Apr'04
110
Mar'04 "9 112
101 k 1014
102 Oct '03
102 Apr'04
119 34 Feb'03
87
S
694
1124110%
114'.
110
Mar'04
100
Sep
110
110
'03
1174
118
89
85
103 Feb'04
100 k Mar'04
113 Mar'04
111 Sep '03
105 Apr'04
91
91
89
89
8334
83 34
694
69 4
98 Apr '03
1084 109
36 115
13 85
108
101
112
105
91
86
6 81
19 68
1
16
118
93
1104
1064
4H3
105%
92k
89
84
7234
Sale"
1064 109
104 k Sale 103% 1044 80 100 s4 1044
104 Mar'04
100% 104
99
994 395 94k 1004
993s Sale
9634 Jan '04 ""5 9t;\ 96 34
lOl^Sale 101%
12l»8
121%
114% Sale 114%
94*8 Sale
109k
7
101%
984101%
121 34
12 1204 124
111 116
254 90 34 96%
114% 10
95
94 34
112 Dec'03
1144 Apr'02
Utah
110
Utica
102 k.
II334
Dec '01
24 65
69
68 k 69V. 68
98=8100
98k 4 96 99
98k
90 34
90 Oct '03
103
100 Sep '00
102
102
106kFeb'02
103 '2 4S 102 103 k
1034 Sale 103
105 k Feb *04
105 k 105 k
107%
105
lllkMay'03
102
Jan '03
97*8 101
87 k 90
8534 87 34
98
97
.
84
85-2
.
106
100 k 1033,
10538 107
105 106k
103 34 Apr'04
1053s Mar'04
105 '4 Feb '04
105 Dec'03
103 Nov'03
.
.
102 k.
1939
1939
Series B
1939
lien
1st
equip sfdg5s..l921
Det<fc Ch Ext I8tg6s..l941
DesMoin Div 1st g 4s. .1939
Om Div 1st g 3ks
1941
TolAChDiv 1st g 4a.. .1941
St Chas Bridge 1st g 68.1908
Warren See Dei Lac & West
Wash Cent See Nor Pac
Wash O &
See Southern
West N Y <fe Pa 1st g 5s. .1937
Gen gold 3-4s
1943
A
F-A
J-J
J-J
63
Sale
M-S
J-J
108 4
J-J
A-O
M-S
A-O
"8*6"
J-J
116
95
1
117 Hi
108 L4
44
1144117k
3
1004 109 Ha
101k Apr '03
6334
624
lOvi
Jan '04
1084 Apr'04
1013
99
57
102
90
Mar'02
98
Wilkes & East See Erie
Wil & Sioux F See St P
1949 M-S
116
1174 116
95% Oct
Wheel'gA LE 1st g 5s.. .1926 A-O 1104
Wheel Div 1st gold 5s. .1928 J-J 107
Exten <& Imp gold 5s. ..1930 F-A 107
1st consol 4s
90
79% 81%
1094Mar'03
A-O
eil943 Nov
Inoome 5s
68
102
10641084
Feb'O
90
1004104
1034
814 81% Apr '04
West No Car See South Ry
974101% West Shore See N Y Cent
W Va Cent & P 1st g 6s. .1911 J-J 1094
1104 Feb'03
106
104
109
105 k.
2d gold 58
Debenture series
103 4 Sale 1034
1173g 117 34 1174
1084 Sale 108
W
100*8 Sale 10034 100% 37
8978 Sale
89 k
89% 30
87 Jan '04
96
98 Mar'04
99<% Sale
99% 26
99k
99 4Mar'03
85
85 k
85 Sale
/cl929
GalHar<fc S A 1st g 6s. .1910
2d gold 7s
1905
Mex & Pac l8tg5s
1931
Gila
1st gug 5s. 1924
Hous E &
T 1st g 68.1933
1st guar 6s red
1933
1004107
1154
1921
1926
1936
1936
Guar stamped
1st cy gu 4s. .1924
O&
West N C 1st con g 6s. .1914
Dec'03
W
s f 6s.. .1913
1st g 5s... 1942
W 1st gug 5s.. ..1941
Cent Pac 1st
L22
HI
Rioh& Meek 1st g 4s. ..1948
1919
80 Car & Ga 1st g 5s
W
A<S>
'
ET
107
January 1
No Low
934
93 4
4 Feb 'Oj
119k
.
Lake C 1st g
8 A & A P See So Pac Co
S F <S> N P 1st sink I g 5s. 1919 J.J
Sav F & Wast Bee Atl Coast L
soioto Val & N E See Nor <fc
Seaboard Air Line g 4s ...1950
Coll tr iefund g 6s
1911
Car Cent 1st con g 4s.. .1949
Fla Cen & Fen 1st g 58.1918
1st land gr ext g 6s ...1930
Consol gold 58
1943
Ga<fe AiaRy 1st con 5s ol945
GaCarA No 1st gug 5s 1929
Seab & Roa 1st 5s
1926
Sher Slir & So See M K & T
Sil Sp oca <fe G see Atl Coast L
Sod Bay & So 1st g 6s
1924 j.j
So Car <& Ga See Southern
So Pao Co— Coll tr g4ks..l905
Gold 4s (Cent Pac coll). fcl949
Registered
£1949
130
130
103^
N
N
StP&S'xCity SeeCStPM&O
Salt
127
114
114
109
.
100
112
113
101
102
C&
4
110 113
110
93 k
JJif//i
Jiangs
Since
5-°
Jan '01
101\
Jan '04
7!i4Sale
794
80
106 34
106 4 Mar'04
106 4
107 4 Mar'04
of Ar gu 1st g 6e. .
cl910
1st guar g 6s
1905
SPof Cal 1st g 6s
1905
1st g 6s series B
D...1900
1st g 6s series
1st g 6s series E«fc P...191S
1912
1st gold 6s
1937
1st con guarg5s
1905-.. 1937
Stamped
S Pac of Mex 1st g 6s. . 191
1937
S P Coast 1st gu g 4s
1905
Tex& O 1st 7s
120 Oct '01
112 k Dec '02
.
.
Ill
'
;
Last Sale
Ask Low
101
So P
118^
ll)7 4
Week's
Hanye or
127
SA& APassl8tgug4s.l943
.cl909
12341234
8t
M
KC&M R&B
H
W
St
2d gold 6s Class C
1906
General gold 6s
1931
General gold 6s
1931
8t L«fc S F RRoonsg48..'96
Southw Div 1st g 5s. .1947
Refunding g 4s
1951
K C Ft S<fe con g 6s.. 1928
K O Ft S <fc M Ry ref g 4s 1936
1st gu 58.1929
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s inc bond ctis...pl989
Consol gold 4s
1932
Gray's PtTer 1st gug 5s 1947
8t Paul & Dul See Nor Pacilic
St Paul M <fc Man 2d 6s.. .1909
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4ks..l933
Registered.
1933
Dakota ext gold 6s
1910
(Continued)
& TClstg5sintgu.. 937
Consol g 6s int guar... 912
Gen gold 48 int guar. 921
Waco <fc N rti v 1st g Cs '30
Morgan's La <fe T 1st 78.1918
1920
1st gold 6s
N YT&Mex gu Istg4a.l912
1907
No of Cal 1st gu g 68
Guaranteed gold 5s
1938
Ore&Cal 1st guar g 5s. 1927
94k 97
Price
Friday
April 2'J
Bid
Southern Pac Co
.
121%
Hi
stock exchange
Week ending ajpbtl 22
n. y.
January 1
No Low
1485
BONDS
Jiangs
xince
.
B R&P
<fc Og
See N Y Cent
Rutland 1st con g 4k8
1941
Rut-Cauad 1st gu g4ks.l949
Tub & H See Pere Marq
Sag
t Jo & Or 1st 1st g 4s. ..1947
St Law & Adiron 1st g 5s. 1990
2d gold 6s
1996
St L <fc Cairo See Hob & Ohio
Rome Wat
S
Last Sale
Ask Vow
&
See B
O
1st con 5s. 1927
gen g 4s
1997
1997
Registered
Jersey Cent coll g 4s.. .1951
Rensselaer <io Sar See D &
Rich <fe Dan See South Ry
Hicli <fc Meek See Southern
Rio Gr West S««Den&RioGr
Klo Gr June 1st gu g 5s. ..1939
Bio gr So 1st gold 4s
1940
Guaranteed
1940
Koch
Price
Friday
April 32
Bid
(Continued)
Pitts & West
Pitts Y & Ash
.
Bond Record— Concluded— Page 4
23, 1904.]
BONUS)
Penn
1
115
116
'03
40
Mar'01
112
112
Dec'03
1094H4
112
U04 Nov'03
109
91
89
Sale
109
87 k
109
89
34
86
90
Sale
89 k
90
22
88 k 90
2,
109
M M
<fe
W
Winona & St P See C <fe N
Wis Cent 60-yr 1st gen 48.1949 J-J
MISCELLANEOUS* BONOS—Concluded.
Alauulacturing &, Industrial
Bar <S> 8 Car Co let g 6s.. .1942 J-J
ConsolTobacco50-yrg 48.1961 F-A
Registered
1913 A-O
6s. 1918 F-A
Int St Pump lo-yr oonv. 6s '13 J-J
Knicker Ice (Chic) 1st g5s.'2S A-O
Lackaw Steel 1st g 5s
1923 A-O
Nat Starch Mf g Co 1st g 6s 1920 M-N
Nat Starch Co s t deb 5s.. 1925 J-J
Stan Rope & T 1st g 6s. ..1946 F-A
Income gold 6s
1940
V 8 Leath Co s f deb g6s..l913 M-N
U S Steel Corpcoltr2d5s.d'63 M-N
Registered
April 1963 M-N
•No price
59
Sale
65
98
90
90
Sale
1951 F-A
Distil Sec Cor conv 1st g 5s. '27 A-O
Distill of Amer coll trg 5s. 1911 J.J
111 Steel Co deb 5s
1910 J-J
Non-conv deben 5s
Int Paper Co 1st con g
Miscellaneous
105
106k
35
2
106k
24
1114113
78
Friday; latest bid and asked,
59 501
68 k Mar'04
64
654 "59
99 Sep '03
99 Jan '99
92 Feb'04
5734
1064
10134 10134 102
93 Feb'03
14
95
Sale
95
I
90
90
69k 66 Feb'04
42
"s
42
95
88
Jan '00
2k
77k
112
2
4
112
78%
78 34
754
a Due Jan & Due Feb
Sale
2
Adams Ex coi tr g4s
1948 M-S 100 34 101 10034 101
5334 61% Am Dk <& Imp 6s See Cent N J
AmSSCoof
W Vag5s....l920 M-N
100 34J'no'02
67% 684
64 4
63
684 B'kl'n FerryColstconsg5s'48 F-A 64 4 Sale 64
92
92
105 4100 34
102
97
92% 95k
83
65 k
35
1 34
90
66
47
4
4
lo 107 34 112
1513
68 34 79%
14 68 34 79
c
Chic Jc«fc St Yard col g5s. 1915
Oet
& ldgr incomes.. 1911
Hoboken
I gold 5s.. .1910
Mad Sq Garden 1st g 6s. .1919
Man Bch 11 & L gen g 4s.. 1940
Newp Ne Ship & D D 5s <il990
N YDock 50-yr 1st g 4s. .1951
St Joseph Stk Yds 1st 4ks. 1930
St L Ter Cupples Stat'n * Prop
Co lstg4ks 5-20 year. .1917
S Yuba Wat Co con g 6s. .1923
Sp Val Wat Works 1st 6a. 1906
U S Red& Ref 1st sf g 68.1931
M M
L&
Due Mar d Due Apr ADueJ'ly k Due Aug
o
1024
A-O 76 4
J-J
111
M-N
M-N
M-N
50
100% 103
61
Mar'01
764Mar'04
Feb '02
J-J
F-A
91
J-J
100
91
663t
704*83"
90
91
91
J-D
J-J
M-S
S'b Hi
108 Nov'03
1134J'ly'00
79 Aug'03
Due Oct p Due Nov
q Due
Deo
*
Option sale
4
'
4
'
BOSTON STOCK EXCHANGE— Stock
Record, Daily,
Share Prices— Not Per Centum Prices
Monday
Saturday
April 16
April 18
Tuesday
April 19
STOCKS
BOSTON STOCK
Iriday
April 22
Thursday
April 21
Wednesday
April 20
•93
»249
140
250
1404 1404
237 239
167 168
140
'2974
•2974
'182
160
•280
140% 140%
374 374
*743«
1704172 4
•20
20%
•744 75
•7^ 7%
118
182
160
280
14034
•37
*74 34
*33
•89
•65
250
250
238
168
238
169
239
169
139
300 4
138
138
182
160
185
168
141
•280
140
-37
14034
38
7534
92^4
92%
20
20
75
20
74
744
64
228
194 20
83% 84%
91% 91%
•113
113
924 924
111%....
7134
434
19
19
1264 127
127
1254126
126
1264126 3
104 104
Z44 75
126 4
-94
•6%
6
'4
235 4 235 4
165 165
40
40
•80
80 4
175 175 4
21042104 21042104
-7 4
•74 9
8
100% 100%
224
224
24
•2 4
100
3
101
>
W
h-t
28 38
48% 48%
28% 28%
11% 11%
11% 11%
28%
o
°2
>
60 •% 60 % *59
•60
•65
9
•8
80
80
82
100
•80
•90
-2
434
23^
43.
41)38
49%
59 4
••60
-65
•3
•80
•80
•90
9
100
2
2
82
4% 4%
494 504
11% *1034 114
•184 19 4
V45" '-4 5" ••40
-50
*-25
•25 -50
-50
•lO'i
8%
*8
•2238 23
84
22
••40
-60
•40
468
469
20
20
•74
-60
22
63
63
•50
8
8
22
84
22%
214
470
469
469
20
19
19 4
•39
734
•41
•45
734
•50
42
21
42 4
22 4
4
*74
61% 61%
2%
7%
3 '4
•1%
-7
4
••50
•5
2%
7%
3%
•75
41% 41%
*2
3
•70
-••50
-1
12'
57'
124
57%
'24
24
2
2
•85
88
90
•l
64
-2
"•76"
12'.,
4
28%
6
.
•
1
34
86
•96
1
l
•95
41
•70
"]•;
•
%
8%
1
•96
98
2%
2
%
3
*
I
74
13
714
4%
4
•50
4
414
5
5
6
4
72%
•75
6 a4
72
1
'4
•64
Amer Agricul Chem.100
Do pref
100
434 Amer Pneu aerv
50
Do pref
194
50
3
127 4 Amer Sugar Refln
100
126
Do pref
100
127 Amer Telep
Teleg.100
104 Amer Woolen
100
75 4
Do pref
100
13
714
<fe
4%6
54
75
1
14
24%
1
•96
1%
85
1
•1%
l7
8
84
90
109
'4
7%
*7
2%
23
63
•24
8
74
i
95
74
4%6 4%8
•60
•50
5
54
41'.
41
24
•80
22 4
63
••60
12»,
67 s
85
•33
11%
42% "41%
Last Sate
3
12%
57 4
1%
1%
8%
1134
1%
41
2
•40
•35
7%
3%
•76
20 4 20 '4
04
334 33^
34
34
•64 6 4
•72
72 4
•9 4
',
3
4
6 J4
72 4 73
75
1
» Before pay'tof assess' ts called
•60
in 1903.
75
Jan
Jan
'-SO
Last Sale
14 1'4
•12
57
•23 4
4
12
67%
24
-14
1%
82
82
LastSale
1% 1%
8% 8%
•90
96
4
•50
4 34
41
4
£>a si
•9%
574
24
1%
•80
14
*8
20
•'."4
33% 33%
3
34
•64 64
72
72
•60
•60
Bingham Cou
Miiitli
s>
Cons Mercur Gold...
•35
Continental Zinc
"42
5
25
Copper Range OonColOO
23 Daly- West
20
100
644 Dominion Coal
100
Do pref
12
2% Klin River
7%
Franklin
3% Granby
25
Consolidated. 10
Consol..
¥» Guanajuato
74 Isle Royale (Copper).
4 Mass Consol
60 Mayflower
4% Michigan
75
39
Jan 13
Jan 20
42
92
Feb 3
Jan 26
414 Mohawk
88%
3
64
714
'•60
57
24
174Feb26
26
Parrott(Silvi& Copp) 10
Consol
26
1% Phcenix
25
86 Quuioy
Apr'04 Rhode Island
26
1% HantaFe(Gold&Cop) 10
10
84 Shannon
90 Tamarack
25
Deo '03 Tecumseh
25
J'ly'03 Tennessee
25
4
Trinity
26
Mar'04 United Copper
100
20 '4 UmtodStatcs Mining 25
93. Unit States Coal tfcOil 26
33% Utah Con
4
Victoria
6 '4
Winona
72
•75
(Gold)
Wolverine
Wyandot
dBefore pay't of assess' ta called m 1904. •Bid and asked.
||
Jan
145
7
15 4 Nov
26% Jan
384J'ly 52
144 Sep 150
Jau
Jan
12%Aprl4 154 Jan 13
9 Nov 26 Feb
77 71 Jan 5 76 Jan 23 66 4 Nov 864 Feb
250
3 Sep
3% Feb 4 6 Mar31
7 Mar
170 17 Feb27 21 Mar 31 12 Sep 24 Mar
645 122%Feb24 131 4 Jan 25 107% Oct 1344 Jan
347 122 4 Jan 5 1264 Jan 26 116 Aug 123 % Dec
3,291 1194Eebl9 1304 Jan 25 1144 Oct 169 4 Feb
634 Oct
410
9 Feb 19 12% Jan 6
14% Feb
728 684 Jan 19 77 4Mar30 65 Oct 79% Jan
205
34
Mar 2 8
3% Feb 16
Apr 15
7 34 Feb29 10% Apr 11
5 4 Jan 23
6% Apr 14
112 4 Jan 15 1154
70
69
385 230
81 157
Feb 26 240 Jan 16
Feb 26 1784 Jan 22
37% Mario 43% Jan 5
77% Marl4 824 Jan 5
10 174 Feb 10 180 Mar 12
l%Mar30 2 Jan 25
200
112 118 Feb 23 127 Apr 16
866
403
3%J'ly
5 34 Jau
Oct 127 Jan
6 4 Nov 624 Jau
5 4 Oct
8 34 Jan
223 Dec 310 Feb
Sep
138
204 Feb
30 J'ly 48 34 Feb
744 J 'iy 88% Feb
164% Aug 190 Feb
14 Oct
24 Jau
121 Nov 139 Jau
9 Apr 20 Jan
115
Marll
4 Jan 28
Mar28 15 Marl4
515 208 Maris 219% Jan 22 197 J'ly 237
134
6% Dec 10
64 Jan 19 8% Apr 14
54 j;99 34 Mar21 102 Jan 5 99 J'ly 132
1
10
857 <U4 4 Feb 8
7 Jan 5
50
8,005 •33 Apr 22
20
74 Apr 6
Feb 23
2,419 38
3,073 204 Apr 15
24 Mar 29
10534 Apr 22
49 Apr 22
29 4 Jan 25
8 Jan 23
79 34 Apr 22
14% Jan 27
62 4 Apr 22
12% Jan
62% Apr
2
8
11
83
85
100
Jan 14
Jan 25
Jan 21
Jan 21
Jan 15
3
Jan 18
75
5% Apr 5
53 Feb 2
1 Mar 15
11% Apr 6
19% Jan 12
1
Jan 23
25 Jan 13
8% Jan 20
23% Jan 21
Apr
8
7 4 Jan 14
75 Jan
24 Apr
5
Jan
J'ly
Jan
5 Apr
Aug 111 Jan
38% Oct 53 Jau
27 Aug 31 4 Feb
7 Sep 15% Feb
71 34 Oct 95% Mav
9 Oct
18 4 Feb
33 J'ly 57 4 Jan
10 Nov 39% Feb
4934 Nov 89% Jan
•50 Jan •80 Mar
134
91
7% Nov 28
71 Oct 102
67 Oct 108
80 34 Oct 110
Feb
Feb
Jau
Dec
Jan
2
34 Jan
3334 Oct
Feb
Jan
•50
6
15% J'ly
75 Sep
•25
Apr
7
Oct
20
Dec
Dec
Mar23 40
Apr 9 400
22 4
Feb
26 a4 Jau
2934 Jan
J'ne
25
28
Jau
J'ly
•08
Feb
12
J'ly
Jau
18
84
Mar
75% Mar
1 4 Feb
12 J4 Mar
314 Feb
6 4 Feb
•95
Mar
14 4 Feb
39 4 Feb
•90
Mar
551 Mar
Feb
•1
31% Feb
Sep
36 Nu\
10'4 Sep
94J'ly
l a7 32 Jau
534
16 Mar
9
47 4 J an 2 3 7 J'ly 75 Feb
Nov
1
484 May
36 Jan 2 3
450 61% Mar 5 72 Jan 2 5 9 4 Oct 131% Jan
11 107
Mar31 113 Jan 22 1066 Oct 118% Feu
Feb 5
2 Oct
Mar
650
5
2 4 Jan 5
7 J'ly 14
Feb
168
7% .Mar] 5 9% Jan B
1
2 J8 Mar 18 3 16 i Jan 5
3.472
2,060 •62 4 Kebl5
Apr 8
2
105
7 .Jan 1
94 Jan
3
Feb 25
570
4% Jau 18
280 •50 _\l a r
•87% Jan 22
505
44 Feb 29 6 4 J an
104 34 4 Feb s 44 4 Apr b
Jan 1
2
4 Jan 21
"2*0*6 •50 4
Feb 18 •82 Apr 18
iji68 •75
610
9
4 Osceola
Sep 85 Jan
J'ly 71
Jan
7 J'ly 25 Jau
75 Jan 84% Jan
91 4 Oct 104 % Jan
68
.hi)
89% Apr 4 0634 Aug 104 4 Jan
94 4 Apr 6 834 Oct 95 Jan
168 Apr 21 rl62 Sep 178 Feb
93 Marl6 87 % Aug 97 Feb
1124Apr21 108 Sep 116 Feb
1
Apr'04 Montana Coal & Coke
•80
Montreal & Boston..
May'03 National
Old Colony
1
1234
13 Old Dominion
<•
204 204
Atlantic
•60
To
1
90
1
84
22
4
i
Sa
Arnold
•25
133
110
184
160
Nov 196 4 Mar
Jan 170 Mar
281 Apr 6 270 Aug 286 Feb
141 Apr 7 131 J'ly 1434 Feb
38 Apr 6 25 Oct 394 Jan
76^ Mar24 76 Dec 83 4 Jan
42 Mar 42 Mar
174 Mar 5 173 4 May 180 Feb
24 Jan 21 1 7 Nov 3734 Feb
804 Jan 27 75 Dec 96 Jan
14 Jan 11
8% Nov 28% Apr
196 Jan 2 1188 4 May 225 Jan
1634 Apr 7 161 4 Dec 1734 Mar
232 Apr 21 220 Sep 232 Mar
207 Apr 21 196 Aug 212% Feb
804 Feb 1 74 J'ly 91 May
3 •50
4 470
2
80
8
Reece Button-Hole.. 10
100
& Co
1004 Swift
Sep 157
Nov 125
Feb
Jan
1%
2
33% 33%
3
'04
Mar
Jan 26
1244 Jan 19
184 Feb 16
62% Jan
146
2
1%
41
98
4
Jan
Jan
Apr
J'ly 305
Mar
4
•60
20% 20 4
9
1124
Feb '04
J'ly'03
Apr
J'ne 195
J'ne 177
1,603 19
1,000 •40
31 435
*334
4%
9%
92
165
92
Jan
154
Aug 260
Jan 26 161
Jan 13 170
69
71
60
•40
••40
•40
•50
Bonanza (Dev Co)... 10
469
469
469 Calumet <fe Hecla
25
LastSale 08
May'03 Catalpa (Silver)
10
19 4 19%
19% 194 Centennial
26
•7
z7%
74 Central Oil
26
214
334
3
4' B
9%
864
A tig
300% Apr 21 290
Jan 13
Feb 11
*8
t
33 4
70
i
1
100 •25
150
7
•25
%
74
2
82
13
57 4
24
•25
L as Sale •76
L « st Sale 33
'26 4 20%
91
9
100
2
7
4
75
50
*
Feb'04
Highest
544 Aug 89% Jan
Aug 1034 Jan
J'ne 262 4 Feb
85
244
141 4 Apr 2. 134
230
239 Apr
250 4 Apr 2
26
25
'108
74
6
69
32 4
Oct '03
H
Miscellaneous
134
9
108
334
4
92
7134
100 38
100
22
61
4
4
86
•44 434
•19
•194 20
127 127% 127%
1254126
12534
126% 1274 126%
42%
8
4 '4
13
7134
21»4
61
8
•7
80%
168 168
92 4 924
92
112 112% 112 4
42
22
63
•334
•1%
1%
7
4
85% 85%
924 92%
42 4
108
•2
-78
68 4
32 4
•89
•65
90
70
*8
84
2134 2134
20
"s
2064
Last Sale 754
Last Sale 42
•25
408
42 4
2064
H
_
••25
•40
•74
20
74
754 Apr 1
94%Aprll
2,79 s
224 Last Sale 25% Aug' 03 Torrington Class A.. 26
LastSale 28
Sep '03
Do pref
25
•2 4
•2% 3
•24
3
2 Jan 16
3
Union Cop L'd &. Mg. 25
50
10141014 10141034 104
105% United Fruit
100 1,887 95 Feb 8
484 484 484 48 34 49
621 45%Feb26
49 United Shoe Mach... 25
284 28% 284 29
29
991 28 Jan 28
294
Do pref
25
Last Sale 7
Feb 9
7
Apr'04 U S Leather
100
'793
79%
77 Jan 16
Do pref
100
1
4
13% 144
Feb 6
700
10%
U S Rubber
100
614 "62%
60
574 59
Do pref
100
826 40 4 Jan 6
624
a
1034 10%
10% 10% 10 4
934 Jan 6
100
550
10% U S Steel Corp
56% 584 56% 57% 56%
Do pref
100 6,764 54% Feb 1
574
•60
•60
•60
•60
•55
•55
•50
Apr 12
West End Land
350
25
•8
9
84 84 *8
9
West Telep & Teleg.100
25
7 34 Apr 14
•80
*80
•80
Do pref
100
15 76 Marl4
•77
79
•77
SO
80
50 78 Marl4
80 Westing El & Mfg.. . 60
•90 100
LastSale 95
Apr'04
Do pref
50
944 Mar 3
Mining
24
24
24 •2
2 Feb 15
AdventureCon
25
525
2% 8
24
4% 4%
4% 4%
25
852 3% 6 Mar 8
4%
4% Allouez
49 4 49%
494 4934
494
49% Amalgamated CopperlOO 6,484 43 Feb 8
Last Sale •75
•75
Mar21
Mar'04 Amer Gold Dredging 5
•1034 H4
10 a4 1034
104
104 Am Zinc Lead <& Sm. 25 "125 8 Feb 23
Last Sale 29% Apr'04 Anaconda
15% Feb 24
25
•50
••35
•50
•40
*-40
50 Arcadian
25 'Too •26 Feb
•40
•50
42
22
1004
50
8
74
69
35
69
35
84
8
100
100 '4 100*4
24
75
64 Marl 4
37 88 Jan 7
100
215 2424 MarlO
916 zl37 Feb 6
100
Boston & Lowell
100
35 230 Marll
Boston & Maine
237 166 Marl 6
100
Do pref
100
4 166 Apr 16
Feb 24
Boston & Providence 100
1 295
631 13734 Apr 18
Ohic.TuucRy<fc U S Y100
26 119 Mar26
Do pref
100
Con& Mont Class 4.. 100
182 Jan 5
Conn & Pass Riv pref 100
160 Apr 6
Connecticut River... 100
276 Jan 25
246 136 Jan 2
Fitchburg pref
100
Ga Ry <fc Electric
loo
100 244 Jan 2
Do pref
10 73 Jan 27
100
Houston El'trio com. 100
1 172
Jan 6
Maine Central
100
255 16% Feb 25
Mass Electric Cos
1 00
Mar 14
344
72
Do pref
100
371
Mexican Central
100
6% Apr 21
N Y N <fc Hart. ...100 919 189 Apr 8
Northern N
100
162% Jan 25
10 222 Jan 29
Norwich & Wor pref 100
100 1984 Jan 7
Old Colony
100
30 75 Feb 16
Pere Marquette
100
73 68 Marl 7
Do pref
100
Rutland pref
175 32 4 Apr 2 2
100
Savannah Elec com. .100
40 Jan 15
Seattle Electric
100
Do pref
161 90 Jan 26
100
Terre Haute Elec
100
Union Pacific
100 4,278 71%Marl4
63 86 4 Mar 1
Do pref
100
1 163
Marl 4
Vermont & Mass
100
175 89 Jan 4
West End St
50
Do pref
33 108 Jan 4
50
Wisconsin Central. ..100
17 4 Feb 26
Do pref
100
Wore Nash & Roch.,100
145 Jan 7
<fe
64
'14 1%
14 14
126 126
4 127
.100 41004
4838 48%
20
Lowest
ilinail--
:i
104 11
104
74% 74% 75
Last Sale 34
Apr'04 Boston Land
10
Last Sale 2i54 Apr'04 Cuinberl Telep & Tel 100
113
10
*9%
10
104 104
104 Dominion Iron St
•6
6
•5 4
6
64
6
East Boston Land
240
2364 237
2364 238
240 Edison Elec Ilium... 100
163 1644 163 164 •163
1644 General Electric
100
3934 40
404 40% •3934
404 Mass'chusettsGasOoslOO
80
80
80
804 80
Do pref
80%
100
•175 177 •175 1764 *175
Mergentlialer Lino.. 100
14 1 34 14 14 14 17714 Mexican
Telephone.. 10
125 125
125 126
124
124 N E Telephone
100
Last Sale 1
Mar'04 PlantCom t'st stk comlOO
Last Salt 10
Mar'04
Do pref
100
21042104 2104212
212% 213% Pullman Co
100
25
•
126
,
1034
75
75
•9«4
3
714
•4%
126
•104
3734
75%
Mar'03
•173
20
Last Sale 7 7%
Last Sale •*S%
Last Sale 145
•124 134
5
•34
10
6
237% 237 4
•1634 165
40% 40 4
80
80
175 175
165
•
9234
•194 20
127
•37
75%
232
206 4207
•78
80%
90
*65
90
70
140
•4-4
•127 4 12734
1254 126
125% 126 4
-10 4 10"t
75 4 754
230
90
•65
*124 13% •124 134
-71
72
71 Hz 714
5
140
119
232
205 4 20534
•77
80%
•69
70
33
33
140
4%
239
169
lor Previous
Year (19V3)
Highest
Lowest
2504 Boston & Albany
1414 Boston Elevated
64
6% 64
64
64
189% 1894 189% 189 4 189 4 189 4
Last Sale 1654 Apr'04
112% 112 4 11241124
•140
3734
Last Sale 42
90
70
163
9234
-37
*74%
'173
86% 864 844 85%
92 4 92 4 •92
924
•163
•237
169
•168
300 4 •300
137 34
139
119
119
Bangs
for Year
1904
Share*
734 Atch Top <ft Santa FelOO
934
Do pref
100
Last Sale 183
Apr '04
Last Sale 2604 Apr '04
Last Sale 281
Apr'04
140 1404 1404 1404
....
•228 230
205% 205 4 205%
•77
77
80%
70% •69
•33
35
35
•65
93 4
239
169
'
•173
230
70
384
•7434
744 744
74 74
90
1194
119
185
168
174 174
19 4 19 4
91
934
•2974
1894189% 189 4189=8
-228
205 4
77
-68
73%
93%
4 73%
249
13734 139
138
119
185
168
138
119
72
2504 250
14041404 14041414 1414
250
238
168
106
16H
166
724 72%
92 4 93
934 •92%
250
•'237
73 4
73
7308
Range
the
Week
EXCHANGE
I;
73%
Weekly and Yearly
Sales
0!
2
1
:
Apr
4 Feb
18
8
2034 Feb
1
366
460
100
53
73
80
1
Feb 8
4 Mar
•85
400
439
21
"14 Jan 2*3
8
294 Feb 2
3 Jan 26
Feb 25 100
Ma r2 2
14Jaii
2
74Jan
5
90
14 34 Apr
62 % Jan 5
Jan
5
14 Apr 8
24 J an 20
94 J an 18
liar 14 120
Jan 19
:(3,
J'ly
•60
4
'j
31
2
•55
•75
•60
5
2,530
146
6
1,454
25
25
25
01«
76
899
400
New stook.
I
tAss'tpaid.
*
Dec
Dec
J'ly
Nov
Nov
Apr
3
Jau
18
Feb
2
11
4 Jau
4 Feb
58
8
Mar
Feb
2% Jan
l%Jan
May
2%
J'ne
Feb
23 4 Feb
79 Feb
34 Feb
Oct
48 4 J'ly
16 J'ly
4 Dec
74 Feb
Oct 126% Feb
Nov 4 Feb
•75
•
>
80
1
7
75
173.
Mai 26
54 Jan 5
6 Maris
c Maria
18 Jan 4 22 Jan 20
8% Jan 4 10 4 J an 20
30 Jan 2 35 4 Jan 18
d 2 4 Jan 2
4 Apr 22
Feb 23
5
74Jan 5
6!)
Jan 6 76 Mar 9
•50
1 4 Jan 4
3-%
54
174 Feb
4 J'ly
•25
520
J'ly
Dec
•50
J'ly
3
Dec
Feb
l%e Feb
33% Mar
14 Feb
31 34 Jau
274 Feb
Nov
Jan
41 J'ly
4
16i
8
22
11
51
61
•75
Jan
14% Apr
J'ly 190
Dec
J'ly
Dec
Jan
Dec
J'ly
J'ly
Oct
Ex-righta. aEx-dlv.
17 Mar
33% May
9
1
Feb
Mar
Mar
2% Mar
1434
77
& rights
5
5
APE.
%
J
5
Boston Bond Record.
23, 1904.]
BONDS
«.2
BOSTON STOCK EXCH'GE
Week Ending April 22
5£
Am Bell Telephone 48 1908
Am Telep & Tel coll tr 48. 1929
J-
J-J
Atch As Nebraska 1st 7a. .1908 MS
AtchTop<fcSFegeng43..1995 A-O
J'ly 1995 Nov
Adjustment g 4a
Boston Elect Light 1st 6s. 1908 M-S
Improvement 4s
Price
Week's
Friday
April 22
Range or
Ask Low
Bid
97
91
Sale
Sale
January 1
Ho Low
2
%\\
99%
90%
99 % Sale
90 ia
Feb '04
104% Apr'OO
117 Feb '04
110
J-J
97%
S)9%
87
90%
99 % Jan
101 Mar'03
CM
KanCStJo&CB
'02
F-A
Bost& Mon 3d issue 7s. ..1904 M-N
112
102
Mar'04
102
"99 >i Sale'
99%
100
128
99%
113
102
99
J'ne'01
Feb '04
128
128
79
81
100
104
100
Mich Telep cons 5s
Apr'04
80
100
107
Apr '04
IOOI4
Jan '04
Feb '04
104
100
Apr'04
104
91
105% 105
124%Feb'04
123% Mar'04
123%
101 Mar'04
106 34 100%
101
W
98%
1U6%107
109% Mar'02
112% Jan '03
101%.
W
95
.
108
104 "s
Apr'04
Apr'04
Mar'04
101
95
108
.
104% Apr '04
Jan
103
lll%May'02
137% 137%
137
137
92%
Sale
i'0'2
137
137
90
'.13%
90% 93%
Apr'04
93
Note— Buyer pays accrued interest in addition
92%
187%
2 137
Feb'04
137
92%
to the purchase price lor all
Philadelphia and Baltimore Stock
Monday
Tuesday
April 19
April 18
No price
ACTIVE STOCKS
Thursday
April 21
Wednesday
April 20
102
95
Stocks see below)
Mar'OI
65
18
75
104
96
102
102
J'ne'03
91
93
102
92
73
91
9
9
17
17
7%
73
91
91
73
9%
9%
17% 17%
7%
•7
72% 72%
73
'90
A
9%
9%
7
7
18% 19
90
18
72% 73%
*90
....
92
Mar'02
95 %
Jan
18%.
18
*6%
100
50
100
100
18% 18%
Do pref
*6% 7% United Ry & Electric. 50
9%
-6%.
9%
Seaboard Air Line
12
'04
Apr'<>4
97%
96
102
102
L02
102
102% 104%
101% 102%
101%
101
120% 120%
Mar'02
92
92
100
Feb'03
Mar'04
94% Mar'OI
105%
105% 103
107
103
92
101
100% 103
94%
94
100% 105%
47
71% Dec '03
102 34 Apr'04
105%J'ne'03
102 34 Apr'03
102 34 102%
102%Nov'03
F-A
J-J
J-J
J-J
98 34 99
99
99
98% 100%
22
87% J'ly '01
112% Oct
'03
II
Trust Co.
ctfs.
Weekly, Yearly
Daily,
Range for Year
1904
Range
tor Previous
Year (1903)
Week
Lowest
Shares
Consolidated Gas
Northern Central
73
92
73
*90
7%
7%
J'ne'03
Highest
Baltimore
•72
91
63% 70%
13
16%
7
100% Apr '04
J-J
the
•J
Mar'OI
Friday; latest bid and asked.
of
'03
66 %
112 Muy'Ol
100% Oct '02
120% Mar'04
105 Oct '02
F-A 100
M-S
s.">%
L07%108%
101% 101% 101 34 Apr'04
101% 101 V
J-J
J-J
J-J
96
L
120 14 122
101%
F-A
J-D
F-A
J-J
110
118
101% iol 34
102% Apr '01
106% Mar'03
J-J
J-J
Sales
(For Bonds and Inactive
Friday
April 22
Sale
A-O
Exchanges— Stock Record,
Share Prices— Not Per Centum Prices
Saturday
April 1G
*
100
107% Apr '1
101% 101%
120% Apr '01
Sale
j'-'j
rec.1929
5s 1929
Gold 4s
1917
Western Teleph & Tel 58.1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s.. 1909
Boston Bonds.
81
101
'.'7
L28
7% Apr '04
M-N
M-S 104
M-N
West End Street Ry 4s. ... 191 F-A
1914 M-S
Gold4%s
1916 M-N
Gold debenture 4s
103
103
117
92
82
82
104
J'ly
Minne Gen Elec con g
New Eng Cot Yarn 5s
New EngTeleph 6s
104% 104%
'04
117%
93%
98%
96
97
'(
66
1.2
105
98
99
117%
102
NY&N
98% Mar'04
91i?
90%
Sale
114% Oct
1929
1906
1907
100% 100%
6s
1908
6s
104 104'4
1916
5s
99% 100
1906
Eng 1st 7a
1905
latGs
98% its
1924
90% 92% Old Colony gold 4s
Oreg Ry & Nav con g 4s. .1946
1922
105% 106% OregSh Line 1st g Os
97% 98i2 Repub Valley 1st s f Gs... 1919
124% 125% Rutland 1st con gen 4%8.1941
Rutland-Canadian Ist4sl949
123% 124%
1(10
101% Savannah Elec 1st cons 5s. 1 952
1930
105 % 100% Seattle Elec 1st g 5s
1918
Torrington 1st g 5s
Union Pac RR <fe 1 gr g 4s. 1947
1911
1st lien con v 4s
100%101%
U nited Fruit conv genos.1911
97
96
105% 109
US Steel Corp 10-60 yr 58.1963
99%
106% Dec '02
105
97
124
tr
Ji'tlK
109
101 % Sale
Jan 1939
Jan 1939
Vo
L09
1912
1st cons ino 3s
2d cons ino 3s
limit
10(1
82
ry 1
'
109%
7a. ..1912
Marq Hough <fcOnt 1st 68.1925
99% Mexican Central cons 4s. .1911
117% Feb'03
80
Maine Cent cons 1st
Cons 1st 4s
.M,
Jan '(11
Mar'04
Jan '04
Mar'04
96
97
128% 128
98
107
1st 7s. .1907 J-J
L R&.Ft Sm Id grist 7s. ..1905
112% Jan '03
111% 112% 112^ Apr '04
Boston Terminal 1st 3%8. 1947 F-A
1918 J-J
Bur<fcMoRiv ex Ga
1918 J-J
Non-exempt 0s
J-J
A-O
A-O i'27 %
A-O
J-D 108
M-N 117%
M-S
98
HI
M-S
A-O 104
Si
Last
Ask Ln in
Hid
117
117
Range or
m
1910
deben 5s
Non-convert deben 5s. ..1913
la Falls* Sioux C 1st 7s.. 1917
Kan C Clin & Spr l9t 5s. ..1925
KanCFtS&Gull 1st 7s. .1908
1928
Kan C Ft Scott & M 6s
1934
& B gen 4s
Kan
1934
Assented income 5 s
Kan C & M Ry <fe Br 1st 5sl929
110
110
Week's
I*rice
Friday
April
Illinois Steel
88% 94
99%
90%
w-2
Jlufh,
'.17
31
113 % Feb '03
J-D
1910 J-J
Sinking fund 4s
1917 A-0
Butte & Boston 1st 6s
78.191G
M-N
&
Mo
R
1st
Cedar Rap
1909 J-D
2d 7s
Cent Vermt 1st g4s..Mayl920 Q-F
Chic Burl & Q extend 48.1905 J-J
1919 A-O
Iowa Drv 1st 5s
1919 A-O
Iowa Div 1st 4s
1913 M-N
Debenture 58
1922 F-A
Denver Exten 4s
1927 M-N
Nebraska Exten 4s
1921 M-S
B<fc S Wsf 4s
Illinois Div 3 %a
1949 J-J
Joint bonds See Gt Northern
Chic JcRy<fe Stk Yds 5s. 1915 J-J
Coll trust refunding g 4sl940 A-O
ChMilA StPDubD 6s.. 1920 J-J
Ch M & St P Wis V div 6sl920 J - J
Chic & No Mich 1st gu 58.1931 M-N
Chic &
Mich gen 5s.. ..1921 J-D
Concord <fc Mont cons 4s.. 1920 J -D
Conn <fe Pass R 1st g 4s. ..1943 A-O
Current River 1st 5s
1927 A-O
1st 4s... 1946 A-O
Det Gr Rap &
Dominion Coal 1st 6s
1913 M-S
Eastern 1st gold 6s
1906 M-S
Fiichburg4s
1915 M-S
1927 M-S
4s
Promt Elk & Mo V 1st 68..1933 A-O
Unstamped 1st 6s
1933 A-O
Gt Nor C B & Q coll tr 4s 1921 J-J
Registered48
1921 Q-J
since
-High
97
97
90%
1487
HON US
BOSTON STOCK EXCH'GE
Week Ending apkil 22
Range
Last Sale
M-S
1924
1907
1944
1905
Consol as
Boston & Lowell 4s
Boston & Maine 4%s
'
57% Jan 6 73% Apr 13
87% Jan 18 92 Apr 12
8% Feb 25 10% Jan 2
474 15% Jan 16 21% Jan 2
782
17
1,050
6%Fe.b24
105
8%Jaji
Highest
Lowest
58% Dec 72% Jan
84% Oct 118 Jan
10% Deo 2«% Jan
Jan
14% Jan
45
Oct
Oct
20
g
.
•44
20
*%
4
•7%
44%
44% 44% "44% 44% *44% 44% *44% 44%
20
20% *20
20% 20
20% 20% 20 14
20
16
4%
36
68
68
ie
4%
»4
8
34%
15
15.
1
8
8
34% 34 34
68
•30% 37%
3%
68i% 8 59%
l
4
58% 58%
38% 38%
38% 38%
5%
*5 9 ie
•13% 14
22% 8 22%
"39% 40
*32% 33
•49% 49 34
83% 83 34
3
*4
*7%
5%6 o%e
4%
8
*4
68
36% 37
3% 3%
5s%, 5 59
69
33
69
69
37
•36
33
49% 49%
83% 83%
8
33
69
36% 36%
58% 8 58i% 6
3%6
58% 58%
3 1 16
38% 38% 38% 38% 38%
5% 5% 5 6 ie 6% 5% 8 5%
13% 13% *13% 14
*13% 14
13% 13 34
22% 22% 22
22% 22% 8 22
*39
39% 39% *39% 40
40
•32
%
4%
*7%
8
34% 34%
68
68
36% 37
%
*4
'8
•82
33
49% 49%
83
83
32%
22% 8 22% 6
39%39"i6
Philadelphia
44% 44% American Railways
20% 20% Cambria Steel
49% 49%
83
83%
49% 49%
83
83%;
Rid
Inactive Stocks
Ann ricau Cement
10
Anier Iron & Steel
50
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 1%
Diamond State
7%
Ask
AmRysconv5s
40%
Steel
Preferred
Easton Con
1
Electric... 50
Elec Storage Batt
100
58
Preferred
100
Germantown Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
Inter SniPowdfc Chem.50
Keystone Telephone ..50
10
Preferred
50
30
KeystoneWatcliCase.lOO
Lit Brothers
10
Little Schuylkill
50
MineniH & Schuyl H..50
Nesquelioning
50
N Haven Iron & Steel.
1% 3
North Pennsylvania.. 50 103% 104
Penn Gas Coal
50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
80
PhUa Co (Pitts) pref... 50 44
44%
Phil German & Norris. 50 150
155
Phila Traction
50
95% 96
Railways General
10
3
Susqueh Iron & Steel..
1
4
3
Tidewater Steel
10
%
4
Preferred
10
2 34
United N J RR & C. 100 263% 265
UnitPow & Trans
25
United Trac Pitts
50
Preferred
50
48%
Warwick Iron<fe Steel. 10
3% 4
West Jersey & Sea Sh. 50;
Westmoreland Coal. ..50
*
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Berg&EBrw 1st 6s'21 J-J
Bethle Steel 6s 1998. Q-F
Che &D Can 1st 5s '16 J-J
100%
100
111
93
103
115
113
M
Consoles 1923
J-D
E
cfc
gen
M 5 g '20. A-O
U Trac Pit gen 5s '97 J J
Welsbach
a
1
5a 1930.J-D
BALTIMORE
Atlanta* Charlotte.. 100
107
102%
108% 109
109 14 109%
112
122
Atlan Coast Line RR 100
Atlan CoaatL (Conn)lOO
Canton Co
100
Georgia Sou & Fla...l00
1st pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck...
Unit Elec L & P pref. 50
Annuity 6s
J-D 138 4 140
Leh V Trac lst4s "29. J-D
Nat Asphalt 5s rects.
Bonds
New Con Gas 5s 1948 J-D 107% 108% Anacostia As Pot 5s
Atl& Chlat7...1907 J-J
Newark Pass con 5s 1930 112%
Atlan C L RR4sl952M-S
i'03
NY Ph& No 1st 4s '39 J-J
Atl Uoast L(Ct)ctfs 5a J-D
1939..
.M-N
91
Income 4a
:,
1st 4s '36.. M-N
Deben 6a 1905
Penn gen 6s r 1910. .Var
Consol 6s o 1905... Var
Consol 5s r 1919. ..Var
Penn
Steel con Gs.
Pa <fc
Can 7s '06. J-D
Con 5s 1939
A-O
No Penn
MS
& Md
NY
110
112
Ctfa of indebt 4s . . .J-J
Bait C Pass 1st 5s '11 M-N
112
Bait
103 14
.
Fundg 5a. 1910 M-N
Exchange 3 %s 1930 J-J
Refunding 3 %s 1962J-J
Balt<fcPlst6sml'll A-O
Bait Trac 1st os.. '29 M-N
No Bait Div 5s 1942 J-D
110
108 14
111
Ask
Rid
100 100%
66
66%
114% 115%
105%
'.'•
Lowest
is
ex-dividend.
',]
1910 A-O
Sub 1st 5a.. '22 J-D
Sub(Was)lstos'48
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knox v Trac 1st 5s '28A-0
113
57
57% LakeR El l8tgu5s'42M-S
MetSt(Wash)l.st5s'25PA
Mt Ver Cot Duck 1st 5s
Incomes
150
NptN&OPlat5s'38M-N
107% 108
General 5s.... 19 11 M-S
221
Norfolk St 1st 5a '44. .J-J
North Cent4%8 1925 A-O
40
45
J-J
Gs 1904
99
96
J-J
Series A 5s 192G
GG
J-J
Scries B 5s 192G
3% 4
Pitt Un Trac 5a 1997 .J-J
2% 3
Poto Val lat 5s 1941.. J-J
29
31
Sec AvT(Pitts) 5s '34 J-D
Sav Fla & West 5s "34 A-O
95% 96% Seaboard A L 4s 1950 A-O
Seab & Roan 5s 1926. J -J
109
93% 93% South Bound 1st 5s.. A-O
U El Ldj P 1st 4 %8'29 M-N
111
UnRy<i!Ellst4s'49 Ms
90
1-D
Income 4s 1949
108
Va Mid 1st 6a 1906.. M-S
115
6al911...M-s
2dseriea
108 109%
3d series 6a 1916...Ms
4th aer 3-4-58 1921. M-s
5th aeries 5a 1920. M-S
113
Va (State) 3a new '82.J J
114
I
||
Sep 44i% Feb
fl
27% Nov 40% Jan
40% Sep 47% Feb
76 Oct 116%Jau
20 Aug 31 Mar
98
Convertible 58. '06 M-N 102%
Con 4s 1939
A-O
98
CenflRycnn.-,.sl!>:;-2 M-N 115
Penn Steel 1st 5s '17 M-N 106%
Ext <& Imp 5s. 1932 MS
People's Tr tr cert B 4a '4
103% 104
lon% Chas City Ry 1st 5s '23 J-J io3%;
PColst<&coltr5s'4'.t M-S 108
Bid and asked prices; no sales on this day.
36
2d 7s
City &
47% Feb
Oct
Aug 9 Jan
7% Dec 17% Jan
18% Nov 34"i 8 Jan
5
BALTIMORE
Chas Ry G & El 5s '99 M-S
Charl C & A ext 5s. '09 J-J
City<fe
R E Side 4s interim ctfs 103%
U Trac Ind genSa'lu.J-J 97
S
98
116»4
35
Mar 3 43 Jan 22
5% 8 Apr20 6 a ieJanl3
8 Jan 6 1 15% Jan 21
19%Marl4 24 Jan 25
38 Mar 1 40% 8 Jan27
218 20% Feb 19 33% 8 Apri4
823 45% Jan 2 50 Apr 2
455 82% Feb 24 89% Jan 22
10
19
64
Rid Ask
83
113
112
114
85
114
99
100
116'4 117
%
M7s 1911
J-D 119W 119% Col&Grnv Ist6a.l916 J-J
ConM 6s g 1911. ...J-D 112%
Consol Gas 6s... 1910 J-D 112 112%
Ex Imp M 4s g '47. A-O 103 i.O'3% 5a
1939 J-D 112% 113
ConM ot '82 4s '37. J-J 102
Ga& Ala 1st con 5s '45 J-J 103% 103%
Terminal 5s g 1941. Q-F
G a Car & N 1st 5s g *29 J-J 108% 109
123
P W & B col tr 4s "21. J-J 102%
Georgia P 1st Gs... "22 J-J 121% 122%
Rochester Ry con 5s 1930 106% 109
GaSo & Fla 1st 5s 1945 J-J 113% 114
Inactive Stocks
111
38
Gen M 4s g 1920.. A&O
Ph & Read 2d 5s '33. A-O 123
81
106
33% Feb 26 38% Jan 25
2% Mar 3 4% 6 Jan25
56% Marl 2 61% Jan 27
7% 8 Oct IOI4 Jan
Dec 11 Dec
Nov 86 J'ly
Aug 79% Feb
34% Nov 45% Jan
l%Sep
4 Jan
55% Nov 78% Jan
%Nov 9»io Jan
%Dec 40% Jan
Con
104
118
E & A 1st M 5s 1920 M-N 111%
Elec & Peo Tr stk tr ctfs
97%
Elm & Wil 1st Gs '10. J-J
Eq II Gas-L 1st g 5s 1928
H & B Top con 5a '25 A-O 105%
V
PHILADELPHIA
P
40% Dec 52% Jan'
17% Nov 26 34 Jan
100
Phil Elec gold trust ctts
Trustcertifa 4s
Choc& Me 1st 5s 1949 J-J 109 109%
Ch Ok & G gen 5s '19 J-J 107 '4
Col St Ry 1st con 5s 1932
ConTracofN J 1st 5s. '33 105%
Indianapolis Ry 4s. 1933
Interstate Rys—
3-3 %-4s 1943
F-A
Lehigh Nav 4%s '14. Q-J
RRs 4s g
1914. Q-F
Gen
4%s g. 1924. Q-F
Leh C 1st 5s g '33.. J-J
LehV ext 4s 1st 1948. J-D
M-s
2d 7s 1910
50
WelabachCo
Ask
Rid
1911. J-D
50
50
'
22
Bonds
7% Al Val E ext 7s 1910 A-O 114%
51
46
PHILADELPHIA
Do 2dpref
43% Jan 18 45 Jan 30
18% Jan 6 21% Jan 23
% Jan 12 l% 8 Febll
1% Jan 19 5 % Jan 26
7% Feb 8 8% Jan 20
10 Jan 6 13%Feb 8
30 Jan 11 38% Feb 6
62% Jan 14 70 Apr 22
'8
49% 49% Union Tracton
83% 88 34 United Gas Impt
*18
PHILADELPHIA
23
50 1,008
Consol Lake Superior. .100
825
4"
175
4%
Do pref
100
8 Electrio Co of America 10
258
8
Ml 12 Gen Asphalt interim ctfs.. "126
:;;;
33
Do pref interim ctfs..
70 Lenigh Coal & Nav
89
666
50
553
36% 36% Lehigh Valley
50
"3
525
3% MarsdenCo
100
58%58>% 6 Pennsylvania RR
50 5,355
38% 39 Philadelp'a Co (Pittsb) 50 2,095
5% 5 7 ie Philadelphia Electric. 25 7,046
*13% 14 Phila Rapid Transit ... 50
291
22% 22% Reading
50 21,797
«39
40
Do 1st pref
98
50
13 18
32%32l3 le S31% 31%
33
50
Ex-righta.
t
$15 paid.
Fund debt 2-3s 1991 .J J
Weat N C con Gs 1914 J-J
47%
47
16%
100
115
116%
59% 60%
14
16
100
107
108
101%
116
118
118
110
112
112
115
110
69
106
106
75
"s
89%
&
Weld
5s. .1035. J-J
106%
76
90
51
103 34
110
108
109
110 110%
93
94
116
WeaVa C&P 1st Gg'l 1 J-J 111%
Wil
18
101
116%
lie
112
118
——
.
Volume
<Jas Securities
Elizabeth Gas LtCo.,100
Stock Exchanges
of Business at
Stocks
Week ending
April 22
lyui
Bonds
Bonds
3,261,600
1,670,500
1,604,500
1,847,500
1,730,021 $162,789,350
$10,380,500
$1,000
1,1(19,500
$10,000
1,000
$10,000
$2,500
January
Week ending April 22
Halts at
Bonds
$881,000
*9,257,900
25,277,900
40,014,550
33,183,800
30.584,100
24,471,100
90,589
270,057
427,880
352.092
325,006
258,391
Hew York
Railroad Ac
Par value
Shares
U S
State
Stock
Exchange
1903
1904
1903
1904
52,453,687
39,549,681
2.593,242
1,730,021
Stocks— No. share.
$162,789,350 $244,43*.450 +3,671,996,675 $4,963,773,275
Par value
$155,750
$207,700
$35,000
$5,500
Bank shares, par.
i
.
BONDS
$37,400
$293,700
BR. and mis. bond B
11,770,500
207,856,000
$484,400
258,500
223,356,100
Total bonds... .
$10,393,000
$11,807,900
$208,360,200
$224,099,000
210,5(10
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
April 22
19U4
Saturday
Monday
Philadelphia
Boston
Bond
Unlisted
shares
7,761
9,941
1,123
3,812
$17,000
65,200
16,566
18,512
16,078
1,741
2.744
3,076
68.858
12,496
sales
Total
120,000
81,200
67,000
2,246
4,213
6,097
2,918
2,912
$49,500
107,000
8U.600
148.000
38,900
167,600
$350,400
42,711
20,087
$591,600
1,701
Outside Securities
Weekly Review of Outside Market will be found on a preceding page.
Street Railways
NEW YORK CITY
Bleeck St<fc Ful F stk 100
Hist mort 4s 1950 ...T-J
Street Railways
Ask
Bid
32
94
7th Ave stk ..100 238
TJB'y
„ J &niort 5s 1904 ..J-D
99 a4
Tlst
2d mort 5s 1914 ...J-J 104
Jon 6s 1943 See Stock Exch
B'way Surr 1st 5s gu 1924 §110
2d 6s int as rental 1905 8 99 ^
IJOent'l Crosst'n stk. .100 300
UlstM 6s 1922 ...M-N 4118
UCen Pk & E R stk.100 200
1IChr't'r<fc 10th St stk 100 178
Col& 9th Ave 5s See Stock Exch
1
I
N
Dry D E B
Grand Rapids Ry
108
99
1914 ....F-A
100
390
U Eighth Avenue St.. .
UScrip 6s 1914 ....F-A 105
U42d <S> Gr St F'y stk„100 395
50
42d St M & St N Av.,100
fllstmort 6s 1910 .M-S 104
1915
J-J
80
income
6s
f 2d
Iritorborough Rap Tr.lOO 107 >2
Hist gold 5s 1932. ..J-D
101
107
list
NewOrl Rys Co
113
101
320
120
208
186
W
& 29th
Sts 1st 6s '96
UTwenty-Th'd St stk 100
J-J
Deb 6s 1906
Union Ry 1st 6s 1942 F-A
Westchest 1st 6s '43 J -J
28th
3-
8102
3105
J-J
4ks 1952
North Chic Str stock. 100
Pub Serv Corp of N J 100
Tr otfs 2% to 6% perpet
North Jersey St Ry 100
list
N J.. .100
111
101
Ave
106
410
75
107
85
Rapid Tran St Ry..l00
176
106
108
list
106
106
110
5s 1909. .A-O
100
A-O
1st 5s 1921
JC
Hob& PatersonlOO
4s g 1949
So J Gas El
M-N
& Trac
1
00
M-S
GngSs 1953
No Hud Co Ry 6s* 14 J-J
J-J
6s 1928
Pat City con 6s '31. J-D
2d 6s.. ..1914 opt A-O
U2»4 Rochester Ry
100
102
8108 42
396
99
109
101
A-O 108
Con 6s g 1931
Impt 6s See Stock Exo hllst
B B <fe W E 5s 1933. .A-O 99
J-D
New'k Pas Ry 6s '30J-J
Or & New 1st 6s '05 A-O
Essex Pas 6s 1905 M-N
100
100
Preferred
410
101
111
105
75V;
79
65
70
lOO^
41
41k
19
20
71
{70
64
64 14
105 k 106
112 113
8100 102
8101k 102
240
8107 110
13k 18
70
70k
86
88
100 101
112 115
110 HI
8120 124
8100
98 ioi
96*4 98
list
Gas Securities
NEW YORK
102
110
interest.
80
102 102 >a
91
92
8 100 Hi 101
11 34 13
Unit Rys (St LTrans) 100
Preferred
100
63
56
Gen 4s 1934.....See Stk Exch list
UnitliysSanFran /SeeStk Exch list
Wash Ry & El Co.. ..100 11
12
Preferred
100
48k 49 k
4s 1951
J-D
76
77
UWest Chicago St. ...100 40
41
IJCong 5s 1936.... M-N 8 70
74
F-A 8101
Hist 5s 1916
Hartford (Ct) Gas L...25 t 47k
61=»4
10"
Hudson Co Gas
5s g 1949
See Stock Exch
Indiana Nat & IU Gas—
1st 6s 1908
44
M-N
Indianapolis Gas stock 50
1st 6b 1920
M-N ii&k
81
Jackson Gas Co
50
07
A-O
osg 1937
Kansas City Gas
12
100
A-O
97k
1I5sl922
ULaclede Gas
100
80
UPreferred
100
60
Lafay'eGaslst 6s'24.M-N
U>g& Wab V 1st 6s'25. J -I) 50
80
90
85
l
4
.
103
50
62
65
13
60
Cons Ry Ltir&Refng.lOO
3h
Consol Rubber Tire. .100
Debenture 4s
Cons Storage Battery 100
list
7-'
*a
11
K)
ContTobac deb 7s'05A-O 8102
48
75
Cotton OIIAFibre,pref.26
105
"s
98
>«
Cramps'
Sli
15
99
1
loo
5
4»4
36
97
5
100
100
25
Electric Lead Reduc'n.50 t
64
108
137
76
15
)
1st 6s 1947
Chicago Cas
6'eeStook
SeeN YStlt
8106
Exch
290
106k
list
8110*2 112
8107 109
34
104
140
8102
130
155
8110
17')
!''.(
}
94
60
93
list
B in
k
97
4U,
4
Exch
Exch
list
list
99 J4 100 1<
889
92
M-N 8100
101
(las (J City)
1st 6s 1904
Consumers' L
11
.V
6s 1938
^Detroit Cltj '!as
Price per share,
t
Tow
J-D 8100
50
102
t
Sale price,
a
Ex
1
*
15
js
04
60
3,
1
Preferred
Electric Vehicle
Preferred
50 t 1
l 1*
6
100
6
100
9
10
Electro-Pneum'icTranlO
H
Empire Steel
100
6
7
No Hudson L & Pow—
30
42
Preferred
100
os 1938
A-O 8100 101
4^
10
44
5
IJGeneral Chemical ..100
UO&IndCNat<fe III. 100
94
52
UPreferred
100
90
48
1st 6s 1926
J-D
'*
"16
44
47
Gold Hill Copper
Pat & Pas Gas & Elecl 0(
M-S 101 102 Greene Consul Copper.10 15^ 15 1*
Cong 5s 1949
19
20
95 V Hai KensackMeadowslOO
04
StJosephGasSs 1937.J-J
Hall Signal Co
100
85
90
95
93
StPaulGas Gen 5s'44M-S
.100
97
Havana
Commercial
8
15
95 k
Syracuse Gas 5s 1946. J -J
15
Preferred
100
55
30
Havana Tobacco Co. .100 29
Telegr
Telephone
38
Preferred
100
40
85
88
Hecker-Jones-Jew'l Mill
1IAmerTeleg& Cable 100
M-S 93 102
92 100
1st 6s 1922
Bell Teleph of Butlalo 100
1
3
Herring- Hall-MarvinlOO
"Central* So Amer .100 103 104
30
40
35
41
1st pref erred
100
Ches<fc Poto Teleph.. 100
=
4
8
2d preferred
100
104H,
5s 1909-29
J-J 103
Hoboken Land<fc ImplOO 200
-••
UCommercial Cable ..100 170 190
',5s 1910
M-N 8102 104
Commer Un Tel (N Y).'25 115
2
100
5
Emp A Bay State Tel 100 78 82 Houston Oil
13
42
52
Preferred
18
100
Franklin
100
95
110
Hudson Realty
1|Gold& Stock
100 110 120
Rys
Interboro
R
T
Street
.see
U4k8, 1905
98
Intornat'lBankingColOO 140 146
Hudson River Teleph 100 90
4 34
144^ Int'n'l Merc Marine. 100
5
J Teleph. ..100 143
UN
17^6 17k
Preferred
100
5s 1920 .See Stock Ex chang e list
120
125
80
Col tr deb 4 >2l922op'07
IJNorth western Teleg. 50
75
11
82
12
International Salt
100
Pacific & Atlantic
25
40
95 105
41
1st g 5sl951
USouthern & Atlantic 25
10
International Silver. 100
30
35
Preferred
100
Electric Companies
98
100
J-D 8
1st 6s 1948
John B Stetson com.. 100 150
Chioago Edison Co... 100 148 150
Preferred
100 130 150
Hartford (Ct) Elec Lt 100 235 249
**
Kitchener Gold Mining
t
1|KingsCo El L<feP Co 100 180 188
k
88
91
Lanston Monotype
20 t 84>
Narragan (Prov) El Co 50
8k
41
160
170
37
Lawyers
Mort
lnsur.100
Q El L&PowColOO
71
69
270
Lawyers' Title Ins... 100
Preferred
100
35»4 36
18
21
LightFuel&P of WValOO
UnitedElectrioof N J100
67 h OS
HLonllard (P)pre£ ...100 115
48 1949
J-D
15
Madison So Garden. .100
80
2d 6s 1919
M-N 60
Ferry Companies
Ik Ik
Manhattan Transit
20
6
7
5hi
7
Mex Nat Construe. pflOO
Brooklyn Ferry stocklOO
105 109
Monongahela R Coal.. 50
NY 1st 6s 19.11. J -J Exch
list
Preferred
25 k
50
Con 5s 1948 See Stock
102 k
100
N Y & E R Ferry stk. 100 70 75 Mosler Safe Co
18
93 >s 1|Nat Enam& Stamp 100
19k
1st 5s 1922
M-N 8 90
79
82
UPreferred
100
N Y& Hob con 5s'46.J-D 105
100 122 Hi 125
Hob Fy 1st 5s 1946 M-N 8107 110 National Surety
3
NewBrunsCannelCoal 10
N
N J lst5s 1946.J-J 102
40
42
48
60
20
TlNew Central Coal
10th & 23d Sts Ferry 100
92
96
3
New Eng Consol Ice. 100
1st mort 5s 1919... J-D
31
34
N Y Biscuit 6s 1911. M-S 104
IJUnion Ferry stock .100
M-N 90 93 N YMtge<fe Secuiity.lOO 110 130
Hist 5s 1920
16
20
IJNew York Dock ....100
Railroad
40
45
ITPreferred
100
5
85
87
N Y Transportation.. .20
ok
Buffalo & Susq pref ...50
3
4
Lum'r & PulplOO
Nor
Chic Peo & St L pref. 100
l
4
3
8
5
Ontario SUver
100
4
Deposited stock...
S
28
31
itis
Elevator
8^
com
100
Undeposited stook
87
88
109
Preferred
100
Prior lien g 4 ks'30M&S 8106
24
80
92 »a Pittsburg Brewing
50
25k
Con mtg g 5s 1930.J&J
45
16
25
Preferred
Income 5s 1930
50
93 >s
Pittsburg Coal
100
15k 16
ChRI<fc Pac4s (wi)...
80
66^ »>»
86
Preferred
100
Erieconv48Aprl'53A<feO
8S 102
Pratt & Whitu pref.. 100
Northern Pacifio
100
132
113
134
Realty Assoc (Bklyn)lOO 115
When released
98=>4 99
Royal BakPowd pref. 100 100 102
Northern Securities.. 100
61
33
63
Russell & Erwiu
36
25 t
Pitts Bess&LE
50
185
74
Safety Car Heat <fe Lt 100 180
Preferred
77
60
Seminole Mining
Seaboard Air Line—
5
30*
CoU tr 5s '07 op (w i)M-S 87 h 88 Simpson Crawford Co 100 25
'24
25
35
82
Deb s f Os
op '05. .J J
Va<fc Southwestern. .100
Singer Mfg Co
100 380 400
Industrial and ftliscel
6
6
Standard MUling Co. 100
20
24
90
Preferred
100
Alliance Realty
100
74
G^ 8\ 5s
75
100
H AUis-Chalmers
40
625
Standard Oil of
45
J.. 100 620
UPreferred
100
28
62*2
32
Standard
64
Coupler
com
Bank
Note
100
Co. 50
IJAmer
4>4
American Can com. ..100
4^ Preferred
100 110 125
34 >2 35
Storage Power
50 t
Preferred
k
100
k
90
Swift & Co See Boston St k Exc h'ge
95
American Chicle Co. .100
8100
78
81
1st 5s 1910-1914. ...J-J
42 101k
Preferred
100
32
American Elevated
26 r 31
hi Tennessee Copper
Am Malting 6s 19 4. J-D 99 >a 101 UTexasJi PaciUc Coal 100 75 90
86
1st Os 1908
A-O 8105 110
Amer Press Assoc'n.100 75
430
Amer Shipbuuding. . 100 20
26»a Title Guar & Trust ...100 420
Title
Ins
84^
Co of N Y..100 130 140
Preferred
100
Tonapah Min (Nevada).l t 9*2 10k
4
Am Soda Foun com.. 100 2
10
63
70
13
Trenton Potteries conilOO
1 00
1st preferred
S5
11
Preferred new
82
14
100
100
2d preferred
75
Trow Directoryuew..lOO 65
50 158 162
Amerioan Surety
10
Amer Tobacco com ... 50 250 500 Union Cupper
05
Uniun Switch* Signal 50
100 130 140
IJPref erred
Preferred
105
50
Am Typefo'rs com... 100 25 30
82
85
Union Typewr com. .100
84
100
BO
Preferred
3^2
4
1st pref erred
100 104 106
Amer Writing Paper. 100
14
2d
104
106
14
preferred
100
Preferred
V2
100
75
75
2
Unit Boxboard<& Pap. 1 00
J-J
2U
5s 1919
10
20
Preferred
100
13Hi 14k
H Barney & Sm Car ...100
3>4
3
U S Cotton Duck
100
100 110 125
1] Pref erred
26
Bliss Company com
U S Envelope com. ..100
50 140 100
60
65
HPn-I.M-red
100
Preferred
60 140 160
10
6
Bond& Mtg Guar. ...100 340 360 US Light & Heat
Borden's Cond Milk.. 100 118 119
11 US Redd Relining.lOO
109
UPreferred
112
100
100
Preferred
"4 U s shipbuilding
3 t
100
Camden Land
h
Preferred
100
100 115 116
Celluloid Co
13
18
U S St eel Corp new 5s See Stk E x list
Cent Fireworks com. 100
65
00
Col trs 15s '51 opt '11 .. 8104>4 104k
Preferred
100
1 34
Coltrsf os '51 not opt. 2104 >4 104k
Vt
100
Central Foundry
9
Universal Tobacco... 100
lk
100
7»a
Preferred
Preferred
2
4
55
100
Dob 6s 1919 op '01M-N 52
Westchester & Bronx
100 100
Century Realty
Title .v- Mort Guar Oo. 130
160
Chesebrough Mfg Co 100 420 440
88
Westingh Air Brake. .50 tl35
pref
94
1]Clailiii(HB) 1st
100
88
7 a4
White Knob Mining. 10
8
94
1]2il preferred
100
96
Worthing Pump pref. 100 113 117
100
UCommon
H
&
Y&N
NY&
B&
Y&
Am
N
1
.
'.j
112
47
91
Bait
Cincinnati GaaA EGleolOO
Consul (las of N J
100
1st 08 1936
J-J
Consum
107
h list
x list
k
363s
Diamond Match Co. 100 1301s 130
Preferred
86
100
100
10.{
3
Dominion Securities. 100
Electric Boat
95
t
& En BldglOO
Crucible Steel
UPreferred
Cuban Us of 1896
1
17
67
4
1H»
IS
1
Cent Union Gas 1st 6s... 8105 k
Con Gas (N Y) stk. See St k Exc
EquitGaseou5sl932 See Stk E
HMutual Gas
100 260
Buflalo Street Ry—
1st consul 5s 1931. .F-A Silica 1134i
Deb 6s 1917
A.o 8105 107
Chicago City Ky stk.100 155 103
Ohio U uion'i'rac See St'ck Ex oh list
Cleveland Eleotr Ky.loo
731, 75
Columbus (O) St By.. 100 91
02
Preferred
loo 104 105 h
Colum By con 6s See I'll Ha list
Oroast'wn lst5s'33.J-U 103 106
Bayer pays accrued
i
6s 1930 See Plula
2d 5s 1933
J-D
So Side El (Chic) stk.100
Syracuse Rap Tr 5s 1946
103
Brooklyn City stock... 10 231 h 233
Con 6s See Stock Exch list
New Amsterdam (las
Bkln Crosstn 6s 1908.J-J 102 106
106
1st consul 6s 1948. -J-J
iikn Hgts 1st 5s 1941 A-O 105
Stk
Exch list
NVOELll&Pi'cs Stock
Bkln Q Co & Sub See
Bklyn Rap Tran See Stk Exch list
N Y <fe East River Gas—
1st 5s 1944
IjCouey Is. <fe Bklyn ..100 880 360
J-J
Consul 5s 1046
lOOS,
1st cons g 4s 1948. .J-J 100
J-J
Brk C <fc N 6s 1939.J-J 111 114 N Y<fc Richmond Gas.100
Nor
Un
1st
GrSt<feNewl8t6s'06F-A 100 102
6s 1927.M-N
1|StanilanI (ias com ..10(1
Gr*pt dkLorimer St 1st 6s 102
^Preferred
Kings Co. Elevated—
loo
1st 5s 1930
1st 4s 1949 See Stock Exch list,
M-N
Nassau Eleo pref
100
75
OTHER CITIES
A-O 11042 112
5s 1944
See Kt k Exo h list Amer Light* Tract. 100
lst4s 1951
N Wb'R* Flat 1st ex 4 ks 100 103
Preferred
mo
Steinway 1st 6s 1922.J-J 8116
Baltimore ConsoUdat See
Hay state Gas
60
BiuKhamton Gas 6s
OTHER CITIES
Buffalo City GaastooklOO
I
28
Con
BROOKLYN
Atlan
M-N
1st 4s 1948
Cons Trac of
1st 5s 1933
400
Exch
3k
8k 10k
100
100
Preferred
205 209
8102 ^ 103 4a
nn
174
88
99
J-J 8
1st 5s 1928
IJLouisv St5sl930..J&J 8113k 114
Lynn& Bos 1st 5s '24. J-D 8112 114
Minneap St Ry 5s See Stk Exch list
Pav F 6s
Second Avenue stocklOO
Diet mort 6e 1909 M-N
Consul 6s 1948.... F-A
Sixth Avenue stock 100
Boulev 6s 1945.. J-J
on
S
So Fer let 5s 1919. ..A-O
Third Avenue See Stock
P & M 6s 1928
Tarry
YkersStRR 6s 1946A-0
50
85
3
97
Lake St (Chic) El stk.100
109
See St k Exc list
Metropol Securities .See Stk E x list
Metropol Street Ry See Stk E x list
Ninth Avenue stock. 100 185 192
<fc
Ask
66k
Bid
100
100
Preferred
34
95
243
& B—
itscrip 6s
Lex Av
93
64
32
ASy
Bid
65
- -
sales
1,047
4,762
9,189
10,160
9,690
7,263
PA TRIOTS' DAY
Wednesday.
Bond
Unlisted
shares
JAsted
shares
JAsted
shares
Tuesday
Friday
92
60
Industrial and IHiNcel
Col & Hock Coal& I pf 100
J-J
1st g 5s 1917
Compressed Air Co. . 100
Consolid Car Heating 100
IfCons Firew'ks com .100
« Preferred
100
1
$10,000
2,500
10,380,500
Government bond B
Thursday
Ask
Madison Gas (is 1926. A-O 8105
Newark Gas 6s 1944. Q-J 8136
Newark Consol Gas. .100 73
5s 1948 -See Stock Exch list
April 22
1 to
& Hudson Gas 100
Essex
Bid
200
Fort Wayne 6s 1925.. J -J
Was* El Bergen Co. .100
Grand Rapids Gas—
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY. WEEKLY AND YEARLY
A
Vol. Lxxvm.
THE CHRONICLE.
1488
I
.
rights.
seExdiv.
11
Sells
on Stock Exohaage, but not a very aotive security.
.
Apk.
;
.
5
.
»....
.
..
THE CHRONICLE.
23, 1904.|
1489
Invzstmmt and ^ailrxrad %utzlVqmtz<
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every .Steam railroad from which regular weekly or monthly returns
san be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July • to an*! including such latest week or month.
The returns of
t/ie
street
railways are brought together sepuratelu on a subsequent page.
Latest Qr*uJ
ROADS
or
Current
Year
Week
Month
Ala Gt Southern. 2d wk Apr
Ala N O <fc lexas I'Hciiic
NO & No East.
Ala <fr Vtck6b'g
Vioksb 8h <te P.
Allegheny Valley
Ann Arbor
A tell Top A. S Fe.
Earnings
March
M arch
March
51,105
202.022
117,030
120,790
Itec
February..
32.708
2d wk Apr
February.. 5.340.800
307,552
Char.. January...
Atlanta dc
Atl Knoxv <te No.
Atlantic & I'.ir. a
Atl Coast Line..'
Bait A Ann S L..
Bait & Ohio
Bangor & Aroost
Bellefonte Cent'l
Bridgt&Saco R.
Butt Koch & /ittb
Buttalo&Susq...
Canadian North..
Canadian PacificCent'l of Georgia
Cent'lofN Jersey
Central Pacltlc..
Chat tan South'n.
Chesap <& Ohio...
Chio& Alton Ry.
Chic Gt Western.
ChioInd&L'v...
Chio Mllw & St P
Chic& North VVH
Chlo StPJlA O.
Chlo Term Tr RR
CinNO&TPac.
ClCinUh& StL.
Peoria & East'n
Colorado & South
ColNewl><& Luu.
Copper Range
Cornwall
Cornwall &Leb..
Cumberl'd Valley
Denv. & Rio Gr.
63,100
March.
July
Previous
Year
B
52,769
1
to
Current
Year
285,400 298,200 13,033,583
Rio Gr. West. 2d wk Apr
73,913
76,604
641,281
& Mackinac. February.
28,280 1,250,833
22,687
Detroit Southern. 2d wk Apr
47,002 2,030,992
44,797
DulSo8h<fcAtl.. 2d wk Apr
Erie
February. 2,998,800 3,353,241 29,801,902
33,549 1,414,331
35,203
Kvansv <ft TH... 2d wk Apr
3,329
23,429
3,308
F'rchikl <fe N'r'e'r February.
0,038
5,788
47,085
Farmv& Powhat January..
Ft
& Denv City February. 170,021 157.400 1,844,009
227,804 202,805 1,689,774
Georgia RR..
February.
139,267 159,092 1,292,987
Ga South & Fla.. March
29.07S
30,920
235,533
Gila ValGi N.. January
Gr Trunk System Istwk Apr 661,513 637,980 25,986,091
Gr'Tr. West' ii lstwk Apr 110,980 121,570 4,117,874
DetGrH&M. Istwk Apr 16,152 21,223 975,807
Great Northern. March. .. 2,811,426 2.703,407 30,229,000
230,208 190,099 1,694,039
Montana Oent'l March
Total system March
3,041,634 2,899,500 31,923,039
GulfASIupIsland Istwk Apr
36,751
40,701 1,424,242
Hooking Valley.. 2d wk Apr
81,053 120,483 5,594,185
Houh & Tex Cent January .
418,280 460,339 3,461,608
H & E W. Texas January
69,903
81,303
519,271
124,142
Hous&Shrevep't January .
16,514
19,041
Hllnois Central.. Match.... 3,985,184 3,958,057 35,376,493
Illinois Southern March....
29,026
11,695
181,100
Did 111 & Iowa... February.
143,341 148,814 1,038,081
Int& GtNorth'n 2dwk Apr
75,756
89,857 4,729,533
Wk Apr 2. 123,100 111,090 4,320,380
ilnteroo (Mex)
owa Central.. 2dwk Apr
HD.^Ol
44.703 1,913.884
Kanawha <fe Mich 2dwk Api
28,657
28,707 1,280,880
Kan City South'n February.. 545,101 497,678 4,394,405
LakeEne&Westu March
387,745 400,801 3,859,750
Lehigh Vai RR.. February.. 1,990,896 2,353,304 19,285,925
Lexing <& East'n. February..
42,794
432,283
34,087
Long Island
Inc. 9,740
Inc. 311
February..
Louisiana A Ark. February..
436,099
65,291
38,105
Loui8V Heu&st L December.
458,489
Louisv .ft Nashv. 2d wk Apr 603,466 685,695 29,585,807
Macon & Blrui... February
12,240
12,198
Man'tee&Gr.i.a, February
4,071
13,179
56,132
>*
Det
W
.
. .
13,729.054
589,398
1,213,048
2,135,180
29,102.113
1,302,556
26,855
45,179
1,749,263
1,586,785
1,223,218
179,385
25,367,191
3,797,848
952,395
30,201,725
1,507,089
31,829,414
1,304,000
4,527.243
3,358,251
555,001
144,551
33,258,788
113,696
1,159,776
4.445,982
3,896,650
1,954,413
890,087
4,104,281
3,590,561
15,945,427
353,802
,958
331,448
411,597
27,794,905
94,400
VAKIOlJ'S
Missouri Pacific
Central Branch
TotaL
JMexioan Central
i
fexican International
...
Jan.
Jan.
Jan.
Jan.
Jan.
1 to Apr. 11
1 to Apr.
1 to Apr. 14
1 to Jan. 21
M
1 to Feb. 29
Montn
Previous
Year
1
to
Current
i ear
Latest Date
Previous
Year
3,130,452
171,561
15,002;
45,876,035
1,693,210
149.750
1,394,428
1,093,250
70,147
16,032
309,352
11,505,780
491,000
11,990,780
1,432,704'
1,176,105
.
;
{
;
27,006
3.481
18.709
513,539
593,542
124,500
39,632
6,188
11,352
49,154
119,654
271,611
642,000
27,000
669.000
8,283
116,506
186,799
217,390
10,903
-
.
.
.
YT&Mex
.
H
. .
. .
V&N W
.
W
LE
FISCAL l'KAKS,
Current Year iPrevious Year
Decrease.
$
$
267,430
33,879
231,219
50,332
2,170
65.072
200,733
17,900
193,071
425,352 13,890,754 12.074.722
590,574 4,547,430 4,007.414
102,800 4,224,300 3.993.300
838.140
732,532
33.412
38,801
33,256
4,300
Mlllen ASo'w'm February..
454,87b
435.112
10,388
Mineral Range.. 2d wk Apr
50.780 2.319,015 2.659,825
Minueap ift St L. 2d wk Apr
132,842 5,635.59s 5,093,444
M 8t P <k 8 St M. 2d wk Apr
300,879 14,407,803 13,878,916
Mo Kan «te Texa>- 2d wk Apr
712,000 33,510,070 30,925,827
Mo Pac & Iron Mt 2a wk Apr
982,100
27,000 1,443,000
Central Branch 2d wk Apr
739,000 34,909,070 31,907,927
2d wk Apr
Total
318.521
193.436
5.777
Mob Jack <fe KC. Wk Apr 9
142.441 6,133,517 5,986,053
Mobile & Ohio... 2d wk Apr
177,33 1 3,010.707 7.401,136
NashChA StL.. 2d wk Apr
188,092 8,910,400 7,889,582
{NatflRRof Mex 2d wk Apr
140.905
142.838
12,753
Nev-Cal-Oregon March
22,062
719
26,345
2,200
Nevada Central.. February..
6,460,258 6,646,920 58,440,872 57,602,065
N Y C & Hud Riv March
N Y Ont <fe West. February.. 455,321 538,925 4,371,049 3,800,084
N Y Susq & West February.. 225,039 259,965 1,089,222 1.538,004
Norfolk <fe West'n February.. 1,686,332 1,002,290 14,847.200 13,417.158
Northern Central February.. 719,579 716,379 6,6s7,009 5,938,769
3,463.715 3,517,657 30,043,100 35,638.131
North'n Pacific. March
389,049
30,321
345,070
33,284
Nor Shore (Cal). February..
14,684
12,751
138,950
127,830
Ohio Riv& West.. February..
385.297 377,744 3,889,081 3,692,911
Paclttc Coast Co February.
e Penn— EastPAE February. 3,345,424 8,229,524 79,290,410 77,040,116
Inc. 1.93 4,500
Inc. 28 7,100
eWestP&E.... February..
Pere Marquette w 2d wk Apr 218,994 211,304 8,861.210 8,035,539
PhilaBalt&W'sh February., 945,416 925,116 8,927,394 8,518.294
498,687 462,034 5,121,050 4,414,769
February
Phlla <fe Erie
2,009,971 2,108,930 18,353,875 17,362,948
Pittsb C C & St L iiarch
37,992
4,707
Raleigh & U Fear March
Reading Railway February. 2,574,171 2,794,984 22,751,869 19,725,864
Coal&IrCo.... February. 3,4 29,204 2,977,386 22,147,733 12,586,873
Total Both Co s February. 6,003,375 5,772,370 44,899,002 32,312,737
110,625 101,414
890,725
786,344
Rich Fr'ksb & P February.
374,609
45,522
44,810
352.755
Rio Grande Jot.. January..,
8,121
305,444
9,330
442,808
Rio Grande So... 2d wk Apr
February.. 3,420,610 3,583,375 31,306,015 31,077,203
Rocklsl'dCo
926,436
116,901 127,109
936,888
February..
3t Jos&GrI
3tL&8an Frang February.. 2,870,434 2,406,711 24,024,150 21,420.793
2d wk Apr 117,330 141,559 0,255,420 5,890,730
St L Southwest
218,221 211,840 1,867,993 1.774,650
StLVan<teTH.. March.
79,141
961,958
84,893 1.010,401
San Fran & N P. Mar oh
Seaboard Air L.. 1 st wk Apr 301,269 292.648 10,253,350 9,762,181
110,200
87,114
980,196
637.628
March
Southern Ind
So Pacific Co 6... February.. 6.822,327 5,918,438 63,703,229 58,903.990
Central Pacific. January... 1,460,659 1,349,578 13,775,430 12,847,305
Gal Har & S A. January... 580,584 593.810 4,221,191 4,014,019
77,226
99,724
807,199
696,201
Gal IIous <te No January...
10,300
90,570
12,547
100,623
GulrWT&P.. January...
161,517 161,821 1,144,280 1,168,165
Louis'a West. January...
Morgan's L & T January .. 417,904 473,030 2,990,794 3,013,301
30,084
292,000
288,262
36,645
N
.. January ..
Oregon & Calif. January... 312,059 283,974 2,576,550 2,344,219
681,749
70,159
65,523
565,101
So Pac Coast.... January...
SoPaoRRCo.. January .. 2,619,233 2,503,802 19.658,844 17,932,714
453,189
SoPaoSS.Lines January.
3,405,092
Tex&NOrl
302,477 287,550 2,253,290 1,917,719
January...
Southern Rallw'y 2d wk Apr 819,089 811,022 30,140,110 33,651.050
Terre
March
172,812 166.458 1.580.H75 1,414,563
& Ind
Terre H <fe Peor.. March
52,411
49,272
482,500
445,578
Texas Central
498,094
2d wk Apr
8,634
8,039
629,771
Texas & Pacific.. 2d wk Apr 176,484 214,421 9,946,894 9,389,222
121,284
TexS
13,000
9,000
118,100
.. March
Tol & Ohio Cent 2d wk Apr
46,732
63,380 2.844,376 2,512,109
TolPA West .... 2dwk Apr 24,544 23,184 1.040,334 974,224
TolStL<feW
2d wk Apr
61,835
52,602 2,577.909 2,514,901
Tor Ham & Bull 4thwk Mar
21,573
14,992
400.027
307,661
Un Pac System February.. 3,837.907 3,133,828 37,923,072 33,522,977
Virginia & So W'n March
44,676
54,4 17
467.559
443,169
Wabash
2dwk Apr 405,618 397,072 18,117,107 16,521,030
Jersey <ft Sea'e Febraary.. 220,044 210,944 2,957,000 2,725,900
Wheel &
2d wk Apr
83,439
80.499 3,429,911 3,234,209
Wm'sport&N.Br. February
125,197
11,694
14,653
113,547
Wisconsin Cent. 2d wk Apr 116,800 115,137 5,110,061 5,105,360
vvrightsv <ft T'n.. February..
128,725
15,819
120,840
18,183
Yazoo & Miss. V. March
651,025 523.704 6,150,083 5,574,062
Manls & No East February..
.March.
Manistique
1,713.041 Mary I'd & Penn.. February
863,315
Mexican Cent'l. 3d wk Jan
959,002
Mexican Intern. February..
335,009
Wk Apr 2.
Mexican Ry
1,503,003 ;Mexlcau8outh'u 4th wk Mar
2,109,181
.
Allegheny Valley
Jan. 1 to Feb. 29
Atlanta &Charl Air Line.. Mar. 1 to Jan. 31
Atlantic & Birmingham a Deo. 1 to Feb. 29
Bellefonte Central
Jan. 1 to Mar. 31
Chicago <fc North West. IT... June 1 to Mar. 31
Chic St P Minn & Omaha.. Jan. 1 to Feb. 29
Cumberland Valley
Jan. 1 to Jan. 31
International & Gt North'n Jan. 1 to Apr. 14
Lake Erie & Western
Jan. 1 to Mar. 31
Manistee & North Eastern Jan. 1 to Feb. 29
Manistique
Jan. 1 to Mar. 31
Maryland & Pennsylvania Mar. 1 to Feb. 29
Current
Year
Week;
or
v
%
2,439,314
197,505 1,874.420
96.770 1.008,920
105,627 1.125,105
inc.
5,019
36.107 1,519,347
4,829,249 46.506.459 41,901,231
254.550 2,00-^. 953 1,859,080
537,383
62,500
517,168
Gross Earnings
ROADS
Previous
Year
53,488
February..
February.. 1,814,949 1,638.399 13.218.232 12,520,137
12.910
10^,530
8,947
78,111
February
5,483,811 5.410.350 48.944,980 46,386,641
March
129,333 1,311,857 1,127,114
February.. 170,150
51.948
7,544
4,984
48,588
Mure 1. ...
30,178
2,974
3,333
31.109
February..
2d wk Apr 130.409 142,648 5,876,022 5,753.189
649,534
02,833
72,547
061,036
February.
51,200
43,500 2,424.500 1,695,150
2d wk Apr
2dwk Apr 961,000 909,000 35,085,949 33,845.405
2d wk Apr 153,080 164,250 7,723,707 7,515,659
1,698.380 1,655,331 15,931,457 13,072,109
March.
January .. 1,400.059 1,349,578 13,775,430 12,847,305
2,479
2.254
80,407
92,570
istwk Apr
February.. 1,440,088 1,340,929 12,642,081 10,481,290
897,100 775,601 7,882,985 6,809.415
February
2dwk Aor 145,607 137,500 6,634,584 6,098,489
2dwk Apr 100,030 98,661 4,151.209 3,926,355
February.. 3,411.192 3,391,355 33,267,288 32,067,472
4,350,831 4,449.370 41,079,906 37,003,^41
March
February.. 773,538 836,511 8,151,467 8,298.197
29,26s
34,085 1,238,437 1.372.967
2d wk Apr
2d wk Apr 118,920 117,710 5,257.535 4,607.548
February 1,464,808 1,371,470 13,903,359 13,180,067
233.240 219,207 2,008,323 1,870,047
February
83,873 102,233 4,005,789 4,810,827
2d wk Apr
23,040
100,469
16,707
126,118
February..
27,535
27,918
345,375
238.594
February..
4,584
5,151
50,887
59,242
February
15.541
13,750
162,089
158,434
February
842,194
January... 149,750 125,193 1,291,195
BO ADS
Ju
Latest (Jross Larninijs
Latest Dale
$ 42.61
2.199,210
ROADS
Oross Earnings
{Mexican Railway
JMexicau Southern
Jan.
Apr.
.National RR of Mexico... Jan.
Northern Central
Jan.
North Shore
Mar.
ePenjoay., East of P & E... Jan.
eWest 01 P<fc E
Jan.
Pore .Marquette.
w Jan.
T
Phiia Baltimore
ash.. Jam
Philadelphia & Erie
Jam
Pitts Cin Chic & st Louis.. Jam
Rio Grande J unction
Dec.
St L Vandalia & Terre
Nov.
Terre Haute & Indianap .. Nov.
Terre Haute & Peoria
Nov.
18,070
41,004,209
1,795,870
125,193
1,468,342
1.129,988
69,359
11.709
283,720
11,252,083
359,000
11,611,083
1,292,931 Texas & Pacific
1,234,967 West Jersey & Seashore.
&W
H
.
1 to Apr.
1 to Mar.
1 to Apr.
$1,550,000
1,091,045
to Feb.
to Feb.
to Feb.
1,410,915
1
1
1
1
1
1
1
1
1
1
1
1
lam 1
.
Jam
'Current Year Previous Year
1
to
to
to
to
to
to
to
to
to
to
to
Feb.
Apr.
Feb.
Feb.
Mar. 31
32313,821)
632,652
16,819.298
Decrease.
$1,432,900
968,527
2,913,655
1,574,515
5317,790,098
I."),ii00
2,971,770
Jam 31
2,811,998
1,901,356
947,866
5,634,899,
97,918'
Mar. 31
Mar. 31
Mar. 31
Apr. 14
Feb. 29
993.163
826,062
250,297
3,438,236
421,354
970,418
775,504
240,506
3,370.993
409,854
1,!!72,856
1,009,996
5,012,000
88.121
t Results on Monterey <fc Mexican Gulf are included from March 1, 1902.
currency.
J Mexican
f Includes trans-Missouri lines
Blnce Feb. 16, 1903, making length of road on which earnings are now reported 7,357, against 5.876 miles previously. 6 Inoludes the Hous. <fc
Tex. Cent, and its subsid. lines in both years and for botn periods.
e Covers lines directly ooerated.
Chicago & Eastern
</ Includes the
w InIllinois in both years.
West, and also Florida Southern and Sanford <fe St. Petersburg Rys. in both years.
t Including Sav. Flor.
* Approximate for June.
oludes Lake Erie'& Det. Riv. Ry. from Jam 1 both years.
a These figures are for the consolidated company,
lnoluding Tifton Thosv.
Gulf and Tifton <St Northeastern
&
&
.
...
,
THE CHRONICLE.
1490
Latest UrosB Earnings by Weeks.— In the table whiob
follows we sum up separately the earnings for the second
we*k of April,
The table oovers 41 roads and shows
3 -21 per oent deorease in the aggregate from the same week
last year.
2d week of April.
Alabama
Gt. Bouthern..
Ann Arbor
A
Baffalo Booh.
Plttsb'g
Canadian Pacific...
Oblo. Ind'plls
&
Louliiv..
Chicago Term. Transfer.
Gin. K. O.
A Texas
Pae..
Colorado A Southern
D n ver A Rio Grande *
Detroit Southern.........
Duluth So. Shore A Atl..
Evans. & Terre Haute.
Hooking Valley
......
International & Gt.No..
.
Kanawha &
Louisville
Minn
<*
&
ft.
1904.
1903.
9
51.105
32.708
180.469
51,200
961.000
153,080
145.667
100.030
29.268
118.920
88.873
286,400
22.H87
44,797
35,203
81,068
76.756
89.804
S
52.769
36,107
142.648
43,500
909.000
Mlohlgan...
28.6 %7
Nashville..
663,460
11,852
49.154
119,654
271.611
642,000
27,000
Louis
Minn. St. P. A 8. Ste. M
Mo. Kansas A Texas
Mo. Pacific A I ro n M t,
Increase.
164,25'
137,560
98.661
84.085
117,710
102.233
298.200
28,286
47,662
83.549
120.483
89.S57
44.703
28.707
685,095
10,388
56,78«
132, »42
Mobile AOhlo
116,-
Hash v. Chat. A St. ixtuls.
National RR. of Mexloo.
186,799
217.890
218,994
300,879
712.000
27,000
142.441
177.334
188,092
211.304
8.121
9,83H
117,330
819,689
141,559
811.622
8.634
8.039
214.421
. .
Rio Grande Sontherm. ..
St. Loots South western..
Texas Central
Toledo A Ohio Central..
Toledo Peoria A West'n
.
Wheeling
A Lak e Erie.
.
66
176.484
46.73S
24,544
61,835
406,618
83.439
116,800
6,868,883
Net deorease (3'21
63386
g
1,664
3,399
12,179
7.700
52.000
11,170
8.107
1,369
4.817
1,210
...
.
- -
18.860
12.800
5.599
2,865
1,654
39,430
14.101
4,899
50
21,635
964
...
7.626
13.188
29.263
70,000
mmmmmmmu
..••
-
-
25,875
9,4«*S
29,2<»8
•••••••
7,690
.... ....
1,215
24,229
.... ...
8,067
695
•
151,201
..
37.987
16,654
- -
7,091,642
.
Includes Lake Erie
378,960
227.759
A
Detroit
For the first week of April our final statement covers
49 roads, and shows 4*42 per cent decrease in the aggregate
from the same week last year
week of April.
Previously rep"d (45r'da
Gulf A Ship Island
Mob. Jackson A K. City H
Texas Central.....
1904.
9
7,305.619
36,751
8.283
202.740
7.936
7,561,329
Net decrease (4*42
1903
Increase.
$
7,646.111
40.701
6.777
9
155,231
210,573
7.693
" 343
7,910.755
158,080
p. e.l.
M Figures are for week ending April 9.
trolt Riv. RR. In both years.
t
Decrease.
9
495,723
3,950
2,506
"7,838
507,606
849.426
Inoludes Lake Erie
&
De-
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 returns of this
character, and in that form is given once a month. Early
returns 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.
—Ourreni
Gross Earnings. —
Previous
Year.
)
rttr.
Xel Earnings.
J'rti ions
Ourreni
Yea.:
Year
.
Roads.
$
$
$
Alabama Great Sonthem — 8ee under Southern Ry. System below.
Deo. 5,019
Deo. 22,039
Deo. 42.615
Deo. 82,958
Ann Arbor. b
...Feb.
114,417
16\377
859
68,964
July 1 to Feb. 29
1,324,413 1,296.984
416,884
483,826
At0h.T.A8. Fe.b. Feb. 6,846,860 4,829,249 tl,987,724 tl.727.520
July 1 to Feb. 29.... 46,566,469 41,901,231 1 18363078 116683664
Atl'ta A Char. A. L.a Jan.
307,652
254,550
99,267
65,628
July 1 to Jan. 81
2,068.958 1,859,080
756,593
654,633
Atl. Knox. A No. a Nov.
53,426
63,998
3,808
7,683
816,178
294,588
July 1 to Nov. 30
65,296
63,589
All antic A B.R» a. Feb.
53,488
8,804
171,561
Deo. 1 to Feb. 29
88,717
717,225
n itlant. Coast L.a.Feb. 1,814,949 1,638,899
567,578
July lto Feb. 29. ...18,218,232 13,520,137 4,912,001 4,182,171
Jan. 1 to Feb. 29....
12,910
108,580
5,483.811
8,947
2,620
2.005
78,111
85,367
27,359
5.410.3S0 1.709,201 1,99H,«29
Bait. * Ohio Cob Mar.
July lto Mar. 31. ...48,944,986 46,386,641 16,469,814 17,231,701
170,156
129,333
66,165
88.682
Bangor AAroosfkbFeb.
482,398
404,699
July 1 to Feb. 29... 1,311,867 1,127,114
4,984
7,544
1,008
BellefonteCentr'lbMar.
3,669
10,002
18.676
3.428
8.625
Jan. 1 to Mar. 31....
Boston Rev.B.&Lynnb—
Jan. 1 to Mar. 81....
100,406
91,725
def.8,677
—
— Gross Earnings,
Previous
,
Current.
Year.
Roads.
8 aco R.b.Feb.
Year.
,
—
Aef Earnings.
Previous
Current
Year.
Year
9
A
474
628
3,383
2,974
July 1 to Feb. 2J...
10,152
12,671
34,109
30,178
8ufl. R. A Plttbs.b.Feb.
172.574
200,451
494,520
535,985
July 1 to Feb. 2a... . 5,020,256 4,835,621 2,131,551 2,071,286
inflalo A S'sqneh.aFeb.
12,785
62.833
72,547
28,676
July 1 to Feb. 29... .
221,418
661.036
300,259
649,534
Canadian Northern. Jan.
76,200
154,700
51,610
211,800
July 1 to Jan. SI... 1,989,800 1,878,900
673,700
452,510
OanadlanPaottlo.a.Feb. 2.541,862 2.827.295
82,541
742,741
July 1 to Feb. 29... 30,344.949 28,490,653 9,108,242 10,455,696
Oent. of Georgia.a.Feb.
114,990
848,147
86,595
884,466
July 1 to Feb. 49... . 6.564,668 6,361,784 1,584,657 1,671,266
Oent.of N. Jereey.b.Mar. 1,698,380 1,655,331
685,387
645,984
July 1 to Mar. 81... .15,931,457 18,672,109 6,987,685 5,298,888
Jentral Pacific. b. Jan.
428.331
434,130
1,460,659 1,349,578
July 1 to Jan. 31
13,775,430 12,847,305 5,556,998 5,379,556
Obatf n'ga Sonth.aMar.
def.298
9,944
1,155
9,959
July 1 to Mar. 81...
90,097 def.2,413
7,691
84,213
Ohesap. A Ohio. b.. Feb. 1,440,088 1,340,929
440,224
436,114
July 1 to Feb. 29... .12,642,081 10,481.290 4,248,922 3,513,202
Ohloago A Alton. a. Feb.
263,672
215,380
775,661
897,166
July 1 to Feb 29... . 7,882,985 6,809,415 2,615,234 2,202,155
Jhlc. Gt. West'n. b. Feb.
73,421
136.479
589,879
595,875
July 1 to Feb. 29... . 5,657.772 5,165,025 1,466,973 1,447,087
Chlo. Ind.&Lonls.a.Feb.
100,282
102,806
356,675
366,687
July 1 to Feb. 29... . 3,545,232 8,273,958 1,800,997 1,261,062
Ohio. M. A St. P.a.-Feb.
753,515
973,038
3,411,192 3,391,355
July lto Feb. 29... 33,267,288 32,067,472 12,164,547 11,680,142
Ohlo.Ter.Transf.b.Deo.
141,461
38,098
56,882
131,878
320,465
363,230
July 1 to Deo. 31...
842,934
877,348
Cln. New Orl. A Tex. Pac— See under Southern Ry. System below.
241,737
Ol.Oln.Ohlo.ASt.L.aFeb. 1,464,808 1,371,470
149,856
July 1 to Feb. 29.... 13,903,359 13,186,067 2,649,627 3,033.995
Peorla&Eas'n.a. Feb.
47,169
49,094
238,240
219,207
441,751
875,337
July 1 to Feb. 29.... 2,008,823 1,876,047
Oolor'do ASouth.b.Feb.
d78,711
399,120
451,735
d82,477
July 1 to Feb. 29.... 4,089,064 4,128,886 dll04,758 d982,439
5.312
6,026
Colum.Newb.A L.b Feb.
23.040
16,707
37,868
126.118
45,416
July 1 to Feb. 29 ...
160.469
27,918 def.4,335
10,218
Copper Range a ...Feb.
27,535
120.681
110,081
345,875
238,594
July 1 to Feb. 29 .,
def.2.859
1,407
Corn wall. a
Feb.
4,584
6,151
15,193 def.41,060
59,242
July l to Feb. 29....
50,887
6,094
5.374
Cornwall A Leban..Feb.
15,541
13.756
162,089
158,484
72,028
65,020
July 1 to Feb. 29
Cumberland Val.b. Jan.
149,750
125,193
21,860
6,783
391,141
372,116
f Den.&Rio G'de.b Feb. 1.088,677 1,140,698
July 1 to Feb. 29.... 11,2*5,083 11,792.254 4,354,050 4,711.997
23,612
73,913
76,604
23,931
Detroit A Maok'o.aFeb.
210,894
175,398
641,281
589,398
July 1 to Feb. 29...,
Detroit 8outhern.li—
146,214
166,857
845.310
755,844
July 1 to Deo. 31...,
55,599
171.758
184,990
30,008
Dul. So. 8h.& Atl. b.Feb.
538,098
654,568
July 1 to Feb. 29..., 1,787,650 1,813,192
267.911
952,439
Feb.
2,998,800 3,353,241
Erle.a
July 1 to Feb. 29..., 29,801,902 29,102,113 7,287,910 9,373,595
1,256
3,329
1,472
3,308
FalrohlldA N. East.Feb.
6,316
7,131
23,429
26,855
July 1 to Feb. 29 .
326
def 359
6,638
Farmv.&Powh't'naJan.
5,788
1,527
47.085
45,179 dei.3,439
July 1 to Jan. 31 .,
19.960
170 021
157.460
34,576
Ft.W.& Den. City. bFeb.
623,272
419,795
July 1 to Feb. 29..., 1,844,009 1,749,263
82,966
62,094
Feb.
227,804
202,805
Georgia RR.a...
568,800
516,176
July l to Feb. 29 ... 1.689,774 1,586,785
Georgia South. A Florida— See under Southern Ry. System below.
29.078
30,920
9,749
18,021
GilaVal.Globe&N.aJan.
235,533
179,385
131,401
108,325
July 1 to Jan. 31
451,124
1,269,670 1,991, 372def.l 20,689
Gr. Trunk of Can... Feb.
July 1 to Feb. 29..., 18,272,091 17,759,6*8 4,564,274 5,054,137
973
302,696
344, ^48 def.32,605
Gr. Trunk West.. .Feb.
394,182
398,630
July 1 to Feb. 29.... 3,634,947 3,215,987
76,891
95,870 def.4,866
24,338
Det.Gr. H. A Mil. Feb.
886,593
816.476
213,323
218,136
July 1 to Feb. 29....
31,642
146,964
122,650
41,796
Gulf & Ship Isl.-.a.Feb.
443,923
400,088
July 1 to Feb. 29.... 1,237,868 1,119,200
101,308
373,077
107,480
401,928
looking Valley. a.. Feb.
July 1 to Feb. 29... 4,019,110 3,789,920 1,342,708 1,30 .,363
460,339
103.117
418,280
86,447
Houst.* Tex.Ceu.bJan.
993,640 1,218,521
July 1 to Jan. 31 ... 8,461.608 3,358,251
81.363
69,903
def.767
9,071
Houst. E.&W.T.b... Jan.
519,274
555,001
16,289
87,168
July lto Jan. 81
16,514
19,041
5,265
6,539
Houst. & Shreve. b Jan.
124.142
144,551
46,772
37,847
July 1 to Jan. 31 ...
3,707,757 3.465,285
964,762 1,112,081
Illinois Central... a. Feb.
July lto Feb. 2*. ...81,391,309 29,300.131 8,179,934 8,846,107
148,814
42,067
143,341
29,313
Cnd. 111. &IowH.a..Feb.
319,130
204,645
July lto Feb. 2».... 1,038,081 1,159,776
190,649
180,763
rl3,058
r50,007
Iowa Central. a .. Feb.
July lto Feb. 29.... 1,613,409 1,661,347 r223,440 r299,294
113,399
105,086
315
6,907
Kamawha&Mloh.a Feb.
80,322
733,029
130,122
July lto Feb. 29... 1,107,537
545,101
111,515
497.678
154,610
Kan. City South. a.. Feb.
July 1 to Feb. 29.... 4,394,465 4,104,281 1,241,384 1,130,112
Lehigh Valley RR.—See detailed statement below.
42,794
34.087
13,564
9,469
Loxiug'n A East.b..Feb.
432,283
353,862
140,869
110,206
July 1 to Feb. 29 ..,
Inc.
9,740
Deo. 37,262
Feb.
i.onir Island b
Ino. 811,958
Deo. 274,499
July 1 to Feb. 29 ...
65,291
38,105
y25,704
y8,636
Louls'na& Ark an. a Feb.
331,448 y 109,509 ylOO.314
436,699
July 1 to Feb 29...
Brldgt.
.
.
—
—
.
Allegheny Valley... Feb.
Baltimore A Annapalls
Feb.
Short Llne.a
July 1 to Feb. 2»...
[Vol. lxxviii.
.
•
...
1,360
9,173
7,946
2,940
1,663
t
Decrease.
9
28,<84
52.662
397,672
80,499
115,137
p. o.)
* includes Rio Grande Western.
Rlv. RR. In both years.
1st
»
•
cost
.
Lou. Hen. &8t. L.—
458.439
411,597
144,708
137,575
July lto Deo. 81....
916,572
Lou lev. A N ash v. b.Feb. 3,113,928 2.777,563 1,096,154
July 1 to Feb. 29... 25,036,443 23,326,511 8,114,699 7,328,683
2.037
16,445
17.706
1.161
Maoon A BlrinlngbOot.
def.779
48,204
54,906 def.6,636
July l to Oot 31
4,071
13,179 def. 5, 238
718
Manistee A Gr. Rap. Feb.
94,466 def. 19,673 def. 7,024
56,132
July 1 to Feb. 29
—
—
—
Aph.
23, 1904.
„
—
Gross Earnings.
Previous
Current
-
,
Xet learnings.
Previous
Tear.
Tear.
Tear.
$
$
$
$
A No. E. a. Feb.
Jan. 1 to Feb. 29....
33,879
27,006
8,186
70,147
69,869
32,852
Manlstlque.b
2,470
def.668
3,484
Mar.
3,733
16,032
11,769
Jan. 1 to Mar. 31..-.
17.906
18,769
3,327
Maryland & Penn.. Feb.
283,720
90,639
Mar. 1 to Feb. 29....
309,352
531.547
c Mexican Cent.e.. Nov. 2,048,999 1,885.090
Jan. 1 to Nov. 30.. ..22,897,992 19,050.898 5,540,972
890,574
844,675
693,542
eMex. Internal'!... Feb.
478,189
Jan. 1 to Feb. 29.... 1,176,165 1,234,967
3.125
6,188
4,360
MlllenA8outhw.a..Feb.
14,479
33,256
38,801
July 1 to Feb. 29....
833
45,859
41,107
Mineral Range. b... Feb.
34,794
364,311
384,513
Jnly 1 to Feb. 29....
v48,242
199.642
Mlnn.A8t.Louls.a.Feb.
178,770
July 1 to Feb. 29.... 1,980,911 2,310,953 v784,356
103,056
389,207
438,137
M. Bt.P.AB. S. M.b.Feb.
July 1 to Feb. 29.... 4,908,859 4,889,278 2,411,708
826.980
Mo.Kan.ATexas.a.Feb. 1,384,393 1,298,032
July 1 to Feb. 29.. ..12,51 8,667 11,970,847 3,569,599
981,488
Mo. Pao.Syatem.b..Feb. 3,521,229 3,090,145
Jan. 1 to Feb. 29.... 7,055,786 6,648,083 1,858,094
15,672
22,257
83,665
Mob. Jaoks. & K. C.Feb.
113.551
272.209
162,839
July 1 to Feb. 29....
20,691
39,950
Month of Maroh
Mobile A Ohio— See under Southern By. System below.
227,564
845,722
776,395
Nash. C'h.ctHt. f..b..Feb.
July 1 to Feb. 29.... 6,764,482 6,211.713 1,810,584
262,967
931,321
823,546
eNat'lBB.of Mex..Feb.
544,111
Jan. 1 to Feb. 29.... 1,903,706 1,632,789
339
Nev.-Oal.-Oregon.a.Feb.
8,949
7,763
52,230
130,002
130,085
July 1 to Feb. 29....
def.861
2,266
719
Nevada Central... .Feb.
22,062
26,345
3,831
July 1 to Feb. 29....
538,925
63,922
455,321
N. Y. Ont. A West.aFeb.
958,328
July 1 to Feb. 29.... 4,371,049 3,800,684
259,965
79,133
225,039
N. Y. Bus. A West.aFeb.
640,308
July 1 to Feb. 29.... 1,689,222 1,688,604
563,678
NorfolkA West'n.a.Feb. 1,686,382 1,602,290
July 1 to Feb. 29. ...14.847,280 13,417,158 5,562.683
716,379
719,579
62,984
Northern Central.bFeb.
98,612
Jan. 1 to Feb. 29.... 1,416,915 1,574,515
83,284 def.13,935
30,321
North Shore (Cal.)bFeb.
538,435
183,505
632,652
Mar. 1 to Feb. 29....
12,751
4,835
14,684
Ohio Blver A West.Feb.
127,830
138,956
38,755
July 1 to Feb. 29....
Pacific Ooast Company -See Miscellaneous Companies.
16,864
27,752
def.776
def.169
3,160
76,951
418,279
5,393,186
228,298
471,975
2,271
10,696
def.761
55,377
v69,601
v893,583
167,492
2,454,764
271,738
3,524,798
845,463
2,077,268
6,716
63,987
231,422
1,816,747
294,905
482,447
1,770
57,981
576
9,769
159,852
925,589
124,422
598,646
569,330
5,308,928
82,984
287,112
4,632
192,685
4,086
41,369
Llnesdlreotlyoperated
8,345,424 8,229,524
1 East Of Pitts. AE.Feb.
1,310,462 1,313,882
j Jan. 1 to Feb. 29... 16,8 19,298 17,796,698 2,454,996 3.681,496
Deo. 208,300
Ino. 287,100
Westof Pitts. AE.Feb.
Deo. 592,600
Deo. 45,600
Jan. 1 to Feb. 29....
808,108
96,408
92,662
780,584
UPere Marquette.a.Jan.
Philadelphia Co.— See statement on page 1494.
146,313
925,116
84,813
945,416
Phll.Balt.AWash.bFeb.
184,196
386,796
Jan. 1 to Feb. 29.... 1,901,356 1,972,856
462,084
83,988
Feb.
498.687
45,697
Phila. AErle.b
94,975
947,866 1,009,996
Jan. 1 to Feb. 29
165,69i
367,502
624,415
Pitts. O.C.& St. L.aMar. 2,009.971 2,108,936
977,875 1,297,342
Jan. 1 to Mar. 31.... 5,634,899 5,642,606
2,416
4,767
Balelgh&O. Fear.a.Mar.
16,609
37,992
July 1 to Mar. 31.
Beading Company—
A San Fr. (lnolud.
A E. Hl)a..Feb.
1,085.338
6,615,271
622,454
1,364,866
1,707,792
7,980,137
107,482
917.923
1,815,274
8,898,060
20,845
229,018
fl8,443
f26,436
19,490
198.779
1,101,273
11,785,038
»4.927
372,611
752,140
828,384
2,870,434 2,466,711
July 1 to Feb. 29....24,624,150 21,420,793 8,132,645 7,688,943
135,497
213,094
572,604
669,164
St.LouisS'west.b.Feb.
July 1 to Feb. 29.... 5,420,400 5,030,764 1,808,948 1,424,037
74,341 def. 14,471
74,972
SanFr.AN.Pac.a.Feb.
4.J83
258,762
210,628
877,065
931,263
July 1 to Feb. 29....
278.284
283.738
1.031.086
Seaboard Air Line aFeb. 1,151,856
July 1 to Feb. 29.... 8,696,348 8,272,200 2,147,504 2.182,593
40,088
36,299
79.782
100,243
Southern Indiana.bFeb.
304,593
385,891
600,514
869,996
July 1 to Feb. 29....
920.757
IBouth.Pao.Co.a..Feb. 6,822.827 5,918,438 1.326.971
July 1 to Feb. 29....63.703.229 58.903,990 20,077.794 18,021,117
434,130
428.331
Central Paoiflo.b.Jan. 1,460,659 1.849,678
July 1 to Jan. 31. ...13,775,430 12,847,805 5,556,998 5,379,656
113.422
593,810
llf.425
580,584
Gal.Har.AB'nA.bJan.
771,892
611,311
July 1 to Jan. 31.... 4,221,191 4,014,019
35,102
3.277
99,724
77,226
Gal.Hous.&No.b.Jan.
242.024
239,805
696,201
807,199
July 1 to Jan. 31....
12,547 def.3,792 def 1,530
10,800
Gulf W.T.APac.bJan.
7,698
2,840
106,623
96,570
July 1 to Jan. 31....
69.166
73,030
161,821
161,517
Louisiana West.b. Jan.
512,932
403,273
July 1 to Jan. 3i.... 1,144,280 1,168,165
241,722
145,657
478,036
417.904
M'g»n'eLa.ATex.bJan.
July 1 to Jan. 81.... 2,990,794 3,013.301 1,160,576 1,430,541
Ohio.
— Gross Earnings. —
,
Roads.
Pennsylvania—
924.336
Phlla.ARead'g.b.Feb. 2,574,171 2,794,984
22,751,869 19,725,864 8,699.019
July 1 to Feb. 29.
374,794
CoalAIronOo.b.Feb. 3,429,204 2,977,386
July 1 to Feb. 29.... 22,147,733 12,686,873 2,105,341
Total both Co.'s.bFeb. 6,003,375 5,772,370 1,299,130
July 1 to Feb. 29. ...44,899,602 32,312,737 10,804,360
116,444
Beading Co.b
Feb
944,962
July 1 to Feb. 29
1,415,574
Total all Comp's.bFeb
11,749.322
July 1 to Feb. 29
34,873
101,414
110,625
Blch. Fred. A Pot. -Feb.
270,471
786,344
890,725
July 1 to Feb. 29....
J 13,657
44,810
45,522
Rio Grande Jnnot.. Jan.
f29,375
88,121
97,918
Deo. 1 to Jan. 31....
11,856
39,466
85,299
Bio Grande South, b Feb.
132,543
386,313
312,607
July 1 to Feb. 29
733,606
Book Island Co.a... Feb. 3,420,610 8,583,375
July 1 to Feb. 29. ...31,866,615 31,077,203 9,355,605
24,524
127,109
116,901
St.Jos.AGd.Isl.b.Feb.
171,904
936,888
926,436
July 1 to Feb. 29....
1491
,
Current
Tear.
Manistee
St. L.
2
,
THE CHRONICLE
]
Roads.
-
Current
Previous
rear.
Tear.
Net Earnings.
Current
Previous
Tear.
1
Tear.
$
Southern Pao.Co.— ( Concluded. J
30,084
36,645
N. Y.Tex. AM. b. Jan.
447
10,363
292,660
288,262
July 1 to Jan. 31
74,821
124,230
312,659
288,974
Oregon A Calif. b. Jan.
62,443
53,672
2,576,550 2,344,219
913,399
July 1 to Jan. 31
651,434
70,159
65,528
254 def. 39, 665
So. Pa*. Coast. .b.Jan.
681,749
565,161
135,580 df.285,505
July 1 to Jan. 81...
p8o.Pao.BB. Co. b Jan. 2,619,233 2,503,802
929,733
722,916
July 1 to Jan. 81... 19,658,844 17,932,714 8,236,623 6,924,537
453,189
So.Pao.S8.Llnes.bJan.
74,772
800,758
July 1 to Jan. 31.... 3,405,692
302,477
287,550
70,526
Texas A N. Orl.b. Jan.
51,933
524,114
July 1 to Jan. Si.... 2,258,290 1,917,719
323,535
Bouthern Rail way Syst.—
Southern Ball w aFeb. 8.779,895 3,334,428 1,021,336
793,626
July 1 to Feb. 29. ...30,513.324 28,212,476 8,768,533 7,945,765
683,642
676.682
258,628
Mobile & Ohio.a.. Feb.
262,556
July lto Feb. 29.... 5,248,308 4,977,895 1,753,048 1.706,129
522,293
458,533
129.850
Cln. N.O.AT P.a.Feb.
113,973
962,031
July 1 to Feb. 2»... 4,457,868 3,857,780 1,023,246
258,882
205,665
43,809
Ala. Gt. South a.. Feb.
42,405
2,075,499 1,777,062
461,001
July 1 to Feb. 29
444,951
149,964
142.806
39,206
Ga. 8outh.AFia.aFeb.
24.614
1,153,720 l,0t>3,526
300,275
July 1 to Feb. 29
286,043
48,667
46,403
5.271
Texas Central. a.... Mar.
15,857
613,201
482,461
175,517
130,375
July lto Mar. 81.—
247,745
230,408
34,958
17,126
Toledo A O. Cent. a. Feb.
2,480,077 2,108,688
547,082
402,440
July 1 to Feb. 29.
112,843
113,803
23,515
ToLPeorla A West.bMar.
23,791
933,071
223,588
226,944
July 1 to Mar. 3i.... 1,002,701
eUnlonPacSyst.a Feb. 3,837.907 3,133,828 1,504,491 1,027,328
July 1 to Feb. 29. ...37,923,072 33,522,977 17,502,461 15,409,199
44,676
54,417
14,458
16,790
Virginia A So'thw.bMar.
467,559
443,169
149,127
180,848
July 1 to Mar. 31....
Feb.
1,522,941 1,516,612
146,161
300,016
Wabash.b
July 1 to Feb. 29.. ..15,561,082 14,034,651 3,747,482 3,925,878
220,644
210,944
5,084
11,784
W.Jersey A Beash.bFeb.
421,354
409,854 def.24,812 def. 6, 61
Jan. lto Feb. 29....
336,450
336,488
56,965
83,195
Wheel. AL. Erie. b. Mar.
872,229
733,489
July lto Mar. 31 ... 3,286,393 3,082,640
11,694
14,653 def.4.465
Wmsp'rtANo.Br.aFeb.
2,052
113,547
125,197
20,026
39,203
July 1 to Feb. 29
440,337
423,397
59,048
113,891
Wisconsin Centr' 1. b Feb.
4,352,261 4,328,339 1,380,766 1,560,798
July 1 to Feb. 29
X15.819
X18.183
6,106
8,281
WrlsrhtBV. A Tenn.bFeb.
32,979
55,714
July lto Feb. 29.... X120.840 X128.725
714,790
580,762
218,286
133,270
Yazoo A Miss. Val.a.Feb.
July 1 to Feb 29.... 5,499,658 5,050,358 1,465,403 1,337,209
a Net earnings here given are after deducting taxes.
b Net earnings hereglven are before deducting taxes.
c These figures are in Mexican ourrenoy, and are convertible Into
gold at the current rate of exohange.
d Net, after deducting taxes, Is $68,600 and $60,653 for 1904
and 1903 respectively for February, and from July 1 to Feb. 29 net
is $931,909 this year against $837,979 previous year.
e Besults on Monterey A Mexican Gulf inoluded from Maroh 1, 1902,
and Cuernavaoa A Paeiiio, Bio Verde Branch, etc., since Jan. 1, 1903,
f Thirty per cent of gross earnings.
In July, 1903, by 562 miles on account
<t Length of road was reduced
ot sale of part of the Oregon Short Line system and figures for previous
year have been revised to conform to the new baBis.
h Inoludes Iron Ball way Oo.'s earnings In both years.
I Houston A Texas Central and Its subsidiary lines are inoluded
both for the month and for the period from July 1.
J These figures lnolude results on the Buffalo A Allegheny Valley
Division in both years.
p Inoludes results on former Southern Pacific of Arizona, Southern
Paeiflo of California and Southern Pacific of New Mexico.
r For February additional lnoome Is $48 this year, against
From July 1 to Feb. 29 additional lnoome this
$976 last year.
year is $43,409 against $59,321 last year.
s These figures are for the consolidated oompany, including the
Ti/ton Thomasvllle A Gulf and Tlfton A Northeastern.
u Including earnings of Savannah Florida & Western In both years
and also Florida Southern and Sanford A St. Petersburg By. In both
years.
For February additional income Is $11,324 this year, against
$7,690 last year. From July 1 to Feb. 29 additional lnoome is
$95,983 this year, against $116,312 last year.
x Inoludes $378 "other lnoome" for February this year, against
$896 last year. From July 1 to Feb. 29, other income inoluded,
amounts to $4,331 this year, against $8,625 previous year.
y Including other income, total net for February la $28,118 this
year, against $11,334 last year. From July 1 to Feb. 29 total net Is
$113,263 this year against $109,933 last year.
t For February, 1904, taxes and rentalB amounted to $203,036,
against $188,217, after dednotlng which net for February, 1904, was
$1,734,688, against $1,539,303. From July 1 to February 5 9, 1904,
taxes and rentals amounted to $1,539,880 this year, agst. $1,423,057
last year, after deducting which, balance is $16,828,198 this year
against $15,260,577.
Inoludes Lake Erie A Detroit Blver Railway for both periods.
fl Inoludes Blo Grande Western for both years.
II
Interest Charges sad Surplms*— The following roads, in
addition to their gross and net earnings given In the foregoing, also report oharges for Interest, &o., with the surplus
above or deficit below those ohargee,
— Int.,
Roads.
Ann Arbor
AX Ian tic A Birm
Feb.
Feb.
Deo. 1 to Feb. 29
Bellefonte Central Mar.
Jan. 1 to Mar. 81
Boston Bev. B. A LynnJan. 1 to Mar. 31....
Rentals,
etc.
—
r-Bal. of \et Earn'ffi.-*
Current
Previous
Current
Precious
Tear.
Tear.
Tear.
Tear.
$
$
$
27,252
9,167
25,875
305
915
15,900
31,238 *df.25,756
def.363
12,842
37,726
433
698
1,299
2,513
3,136
7.326
14,584 Mf.21,460 Mf.10,672
—
v
—
7/i/.,
Rental*,
etc.
A Saco
—
Current
Previous
Year.
Year.
Roads.
507
Rlv.Feb.
.
—
$
$
Miscellaneous Companies.
581
4,168
def.83
— Gross Earnings. —
Year.
97
—
Buffalo
Co.
.
Year.
ear.
to Mar. 3i
1
A Hook. C. A Ir.Feb.
Ii8,079
11173,879
Cumberland Telephone A
Telegraph Co
Feb.
Detroit Edison Oo.bMar.
Jan. 1 to Mar. 31
Edison Elec. Ilium. Co. of
Brockton, Mass.. Feb.
Jan. 1 to Feb. 29
Fall
Co
1
31,016
233,189
lil5,084
h5,069
b 18,067
h208,357 11137,788 11172,689
319.591
54,198
177,377
277.770
44.067
146,637
139,252
22,095
82,204
114,422
14.441
64,398
10,209
22,161
9.867
19,815
4,817
10,785
2,398
4,807
27.764
60,201
14,863
93,678
25,832
59,649
7,992
18,424
4,942
28,271
8,945
21,325
19,470
159,463
124,549
23,401
251,634
20,157
155,162
95.898
21.487
224,954
7.603
64,630
56,169
18,362
122,484
56,097
178,087
Feb.
Jan.
Year.
Works
River Gas
to Feb. 29
Haverh. Gas 8fc.Co.Mar.
Oot, 1 to Mar. 31
Lowell Eleotrlo Light
Corporation
Feb.
July 1 to Feb. 2»
Mexican Coal A C.Jan.
Mexloan Tel'phone Jan.
Mar. 1 to Jan. 31....
Mllwauk. Gas L. Co. Mar.
Jan. 1 to Mar. 3i
Minneapolis Gen. Elec-
5,338
62,011
84.880
8,658
102,470
64,244
179,416
24,166
42,122
61,555
14.386
191,215
406,198
364,202
160,490
Pacific Coast Co. .aFeo.
377,744
44,716
385,297
59.203
July 1 to Feb. 29.
725,335
700,314
3,889,081 3,692,911
Philadelphia Co.- See stal ement on page 1494.
Pittsburgh Onal Co.Nov.
590,583
533,648
Jan. 1 to Nov. no
6,507,645 4,124,070
Poeahontas Coll 1 e r e s
Company
23,689
Feb.
Jan. 1 to Feb. 2a
61,453
tric Co...
July 1 to Feb.
Feb.
2»
1
ti The figures in gross oolumns are net reoeipts from coal sales before
deducting general expenses and those in net oolumns are after deducting general expenses.
Interest Charges and Surplus.
—
Int., lien lals, etc.
—
*
/
—Bal. of Net Earn'gs.s
Current
Previous
Current
Previous
Year.
Year.
Year.
$
$
$
OompanUt.
Year.
A Hook. O. A I.—
Apr.
1
to Feb. 29
Cumberland Telephone A
Teleg. Co
Feb.
Detroit EdisoD Co.. Mar.
Jan. 1 to Mar. 3i
Edison Elec. Ilium. Co. of
Brockton, Mass.. Feb.
Jan. 1 to Feb. 29...
Fall River Gas Works
Co.
Feb.
Jan. 1 to Feb. 29
Lowell Eleotrlo Light
Company
Feb.
Jan. 1 to Feb. 29....
71,349
72,500
66,389
100,189
20,696
5,677
17,943
26,988
2,003
6,726
118.556
•18,403
•67,948
87.434
-14.507
*60,122
1,053
2,121
1,601
3,765
8,664
1,593
3,206
184
403
7,901
18,240
8,945
20.922
1.531
10,754
10,177
8,022
10,162
6.072
53,876
45,992
4,423
43,989
24,718
9,889
78,690
8.937
67.21S
14,177
112,625
5,449
93,277
800
91
July 1 to Feb. 39....
Mexioan Coal A C.Jan.
Minneapolis Gen. EleoFeb.
trlo Co
July 1 to Feb. 29...
Pocahontas Coll 1 e r 1 e s
915
dl4.285
d28,795
9,404
22.658
d Charges lnolude sinking fund and preferred
dividend.
street railways and traction companies.
t
Included In the fixed charges in this flsoal year are expenditures
for renewals, additions and Improvements amounting to $43,615 for
March and to $495,944 for the period from July 1 to Maroh 81.
There were no charges to this aooount the previous year.
a Charges here lnolude road- rental (paid by lessees) and other
IF
deductions.
s These are net charges after allowing for other lnoome reoeived.
1 Houston & Texas Central and Its subsidiary lines are included
both for the month and for the period from July 1.
LBHIOII VALLBT RAILROAD Company.
,
February.
1904.
1903.
$
Gross earnings
Operating expenses
Net earnings
Other lnoome
1,990,896
1,438,894
>
$
,
July 1
1904.
$
2.858,304 19,285,925
1,543,986 12,392,696
to Feb.
29.—
1903.
$
15,945,427
12,445,397
557,002
11,023
809.318
87,038
6,893.329
385,812
3,500,030
274,525
Total lnoome
568,025
taxes (est.) and
other deductions
479,995
Addit'ns Almprovem't*.
57,667
846,866
7,279,141
8,774,655
497.369 8,894,309
67,000
461,383
8,953,852
886,000
664,369
4,789,852
Int..
Total deductions....
637,662
4,355.642
Latest dross Earnings
Gross
Earrings.
WtekorJUo Our'nt
Tear.
oth. oontr'll'd coal cos.
Total net income....
80,363
281,987
104,174
813.714
184,537
595,701
2,923,499 df.1,016,297
561,675
8,475,174
868,694
df. 646,603
Tear
Jan. 1 to Latest Date
Our rent Prevxous
Tear.
Tear.
s
35.975
295,543
66,839
49,6 ">9
31,341
14.748
549,979
112,288
59.873
95,865
Albany A Hudson ... February
M arch. .
American R'ys. Co
Aur. Elgin A Ohio. Ry March
Blnghamton St. Ry. Maroh
Boston A Woroester.. February
17,948 16,965
34,881
103,622 97,566
269,265
24,382
.
17.031 16,976
48,763
17,226
'14,59*2
Burllngt'n(Vt.)Trao. March
6,084 "5,177
Cal. Gas A Electric. February. 273.466
Maroh. ..„ 41,494 36,816
Cent. Penn. Traot.
107.902
22,839 13,356
Chloago A Mil. Elec. Maroh
36.035
83,760 37,851
Oln. Davton ATol.Tr. Maroh
101,384
Oln. Newp. A Coving.
Light A Traction... February.. 94,476 86,262
193,797 180,475
Oitltena' Ry. A Light
(Musoatine, Iowa).. January .
8.381
7,704
8.381
7.704
Cleveland Eleotrlo... February.. 317,399 328,088 649.490 683,717
33,860 81,546
Oleve.A So.W.Xr.Co.. Maroh
89,167
83,729
14.9.*>8
14.359
Oleve. Pains v. A E... Maroh
38,383
38,039
Dan. Urb. A Champ.. February.. 65,208 40,803
"*7.47*6
6.745
Dart. A W'portSt.Ry. January ..
7,476
6.74,5
Detroit United Ry..n 2d wk.Apr 74.046J 74,917 1,074,606 1,070.995
Duluth Street By ... vd wk.Apr 11,825! 12,295 15tf,371
154.826
Kast. Ohio Traction.. Deoember. 13.041! 12,112
201,614 189,780
East St. Louis A Sab. Maroh..... 97.033 78,015
34.543 32,824
Elgin Aurora A Sou.. M*roh
102.368
96*.ib*i
Maroh
57,765 50.112
Grand Rapids Ry
Havana Elec. Ry. Co. Wk Apr 17 1 32,232 [28,715 1480,143 1398,927
.
||
. .
'
Honolulu Rapid Tr.
March
27.164
oughton Co. St. Ry. February. 11.166
Houston Elec. St. Ry. February u26,468
Illinois Traotlon Co.. Maroh. ...I 76.519
II
.
Netlnoome
Net mo. Lehigh Val. and
Prev'u*
~9~
A Land Co
,
$
24,680
180.937
Mar.
.
Apr. 1 to Feb. 2j
After allowing for other Income received.
These figures are after allowing for other Income and for discount
and exohange. The sum of $10,0Q0 Is deducted every month from
surplus and plaoed to oredlt of Renewal Fund.
t Inoludes Rio Grande Western for both years.
§ These figures include $586,319 appropriated for betterments
and additions to properties and equipment in February, and $9,695,254 during period from July 1 to Feb. 29.
Gas
Oct
Col.
Col.
.
)
Companies.
.
Feb.
888,000
895,721
527,574
919,553
All companies
7,104,000 7,165,769 4,845,322 1,732,291
July 1 to Feb. 29
RloGrande Junot...Jan.
5,949
7,708
7,708
5,735
Dee. 1 to Jan. 31
15,416
16,416
13,959
11,020
*2,305
19,033 •def.5,945
Rio Grande SonTh. Feb.
17,838
154,009 •def. 5 ,976
•54,879
144,741
July 1 to Feb. 29
Bt. Jos. A Gr. Isl'd .Feb.
19,242
18,703
6,282
36,224
156,661
151,971
15.243
220,640
July 1 to Feb. 29.-..
22,588
22,675 def.37,054 def. 18,492
San Fran. ANo.Pao. Feb.
180.667
181,400
29,961
77,362
July 1 to Feb. 29....
df.757.954
1 Southern Pao.8ys.Feb. 52.188.105
df.1204163
July 1 to Feb. 29.... §21787760
Mar.
2.583
2.583
2,688
Texas Central
13,274
23,248
152,269
23,188
107,187
July 1 to Mar. 31....
•3,418 *df.27,612
38.595
45,120
lolerto A Ohio Oen.. Feb.
•301,178
•94,410
315.673
320,578
July l to Feb. 29...,
28.266
22.538
249
Tol. Peo. A West. ..Mar.
1,252
202,840
207,759
15,829
23,104
July 1 to Mar. 31
2.791
2.629 def.7.266
def 577
Wmsport A No. Br. Feb.
22,271
20,560 def. 2, 245
July 1 to Feb. 29 ..
18.648
145,389
146,130 •df.82,570 •df. 30,646
Wlsoonsln Central.. Feb.
•248,878
•414,333
July 1 to Feb. 29.... 1,167,075 1,172,947
Net Earnings.
Current
Previous
Previous
Current
$
. .
Beading-
[Vol. lxxviii.
^Jial. of Net Earti'gs
Current
Previoti*
Year,
Year.
8,503
July 1 to Feb. 29...
6,093
4.054
*20,2 7 9
Buffalo A S'equeh. Feb.
•10,857
13.237
12,256
•263.197
•232,398
July 1 to Feb. 2» ..
98,220
98,828
134.856
Oent. of N. Jersey.. Mar.
140,539
11544,848 H5U.078
July 1 to Mar. 3 1 ... 114626.882 1,4141,624 2,360,803 1,157,204
4,389
Oley. Oln.Ch. A at. L.Feb.
240.365
237.848 def.90,509
745.112 1,191.786
July 1 to Feb. 29... 1,904,615 1,892,209
15.406
13.481
Peoria A East
Feb.
33,688
83,688
172,245
105,831
July 1 to Feb. 29 .
269,506
269,606
4.343
Copper Range
Feb.
5,875 def.12.773
8.438
63,081
60,868
July 1 to Feb. 29...,
59,803
47,000
1,457
1,919
Cornwall & Lehan..Feb.
4,175
3,917
33,472
31,548
89,262
July 1 to Feb. 29....
82,766
•107,685
•96,011
1332.339
tDen. A R. Gr»nne..Feb.
t336,813
July 1 to Feb. 29..., 12,667,784 t2,620,454 •1.883.002 •2.243,789
Oul. 8o. 8h. A Atl...Feb.
88.642 •df.56.424 df.32,182
88,642
706,133 •df.l 68,687 •df.46,284
July 1 to Feb. 29...
709.133
•12,093
•31,849
Georgia RR
Feb.
a50000
a52,703
•248,605
•171,557
July 1 to Feb. 29 ... H414.470 a408,277
21.769
14,867
Gulf A Ship Isl
21.010
17,457
Feb.
120.456
280,814
292,319
July 1 to Feb. 29...
159,505
•24,276
•34,361
Hooking VaUey
Feb.
82,699
77,569
676,589 •1,028,390 •1,045,827
662,952
July 1 to Feb. 2rf
24.233
11,4?9
Indiana 111. A la... Feb.
17,834
17,834
142,667
142.667
176,463
July 1 to Feb. 29
61,978
Kanawha A Mich. ..Feb.
20,457
18.092 *df 19,631 *df.l0,651
124,742 *df.29,440 *df.89,887
July 1 to Feb. 29...
164,257
10,814
6,409
Manistee A No. E Feb.
1,776
6,050
15,651
12,819
12,101
19,533
Jan. 1 to Feb. 29...
285
2,875
452
Maryland A P«nn..Feb.
2,875
42,451
Mar. 1 to Feb. 29...,
34,500
34,500
56,139
Mineral Range
Feb.
9,447
9.697 •def 8,460 *def.9,976
76,009
78,073 *df.40,681 *df 21,013
July 1 to Feb. 29...
Mo. Kan. A Texas. Feb.
340,270
312,853 def. 13,290 def. 4 1,1 15
930.274 1,030,325
July 1 to Feb. 29.... 2,639,825 2,494,478
Nash v. Chat. A 8t. L.Feb.
149,581
151,448
79,974
77,983
609,928
1,197,452 1,206,819
613,132
July 1 to Feb. 2y
Nev.-Oal.-Oregon .Feb.
def.422
2,162
2,192 def. 1,823
15,698
34,755
42,283
July 1 to Feb. 29....
17,475
K. Y. Ont. A West. . .Feb.
g56,530
g64,474
7,892
95,378
426,022
604,215
July 1 to Feb. 89..., g454,113 e499,567
Norfolk A Wesfn....Feb.
332,454
354,551
231,224
214,779
July 1 to Feb. 29
1,810,404 1,700,640 3,752,229 3,608,288
North 8hore(CaL)..Feb.
16,708
13,262 nef.30,643 def. 8,630
Mar. 1 to Feb. 2tf
172,455
134,691
11,050
57,994
•
.
THE CHRONICLE.
1492
Brldgt.
..
..
Indlanap. A East. Ry. March
indianap.Shelbyville
A Southeastern Tr. February.
Internat'l Tract. Co.
Svstem (Buffalo)... .February
I
15,008
21,342
13.247
23,337
61.251
9,662
6,790
284.349 272.067
78,039
25,596
u53,905
60,129
26.387
59.386
42,341
24,387
11.953
581.819
563,557
Apr.
——
——
.
..
.. .
,
.
Latest droit Earning*.
GROSS
Week or Mo
Our'nt
Tear.
Jan.
S
32,630
70,264
9,781
London St. By. (Can.)
Mad.
(Wis.) Traction.
Met. Went Side Elev..
MIL Eleo Ry.ALt.Oo
Mll.Lt-HeatATr.Co
Montreal street Ry.
Monde Hartford A
Ft.
Wayne
March.
Tear.
69,129
196,567
30,160
66.779
198,324
28,264
Jan. 1 to Mar. 31
32,662
20,753
536.782
753,484
86.998
537,251
34.3*3
18.226
524,537
698,070
81,319
485,845
Mask. Tr. A Light. Co
5,6^9
5,745
2,996
2,718
3.991
3,626
Maroh
8.994
4,120
Maroh....
63,110 61,609
March.
44,251 34,643
Maroh.
115,233 10^,609
March
94.511 80,171
January
5,316
February
6.400
6.668
6,818
March
January .. 23,002 13,422
6,652
7.765
February
13,987 13,13:
Maroh
March..... 20,162 21 .209
1.922
Maroh.
1,866
Maroh
117,249 100,436
Street Ry. Depart.. March....,
Eleotrlo Light Dep. Maroh
15,879
9 092
Qaa Department...
11,805!
K ew London
Nor. Ohio Tr.
By
A Lt Oo
St.
Northern Texas Trao.
Northwestern Elev..
Oakland Trans. Cons
Olean St. Railway..
Orange Co. Traction
Oreg. Wat. Po. A Ry.
Peeks. L't'g A RR. Co.
Pottsv. Union Tract.
Rys Co.Gen.— Boade.
Light Co'e
Rochester Railway
Bookford Belolt
.
..
A
February
Janesvllle
St Joseph (Mo.) Ry.
Lt. Heat A Pow. Co. Maroh.
7,524
8,055
January
Tract. Co
San Fran. Oakland A
January
San Joee
9,576
..
(111.)
February..
Wk Apr
Bprlngn'd A Xenla Tr
Tampa
.
17
February
Ry
Eleotrlo Co... February..
Terre Haute Eleo.Oo.
Tol. Bowl. Or. A 8o.Tr
Toledo Rys. A Light.
Toledo A Western....
Toronto Railway
Twin City Rap. Tran.
February
March.....
Maroh
February..
Wk Apr 16
2d wk Apr.
Union Trao. of Ind..
Union (N. Bedford)..
United of San Fran..
Va. Pass. A Pow. Sys.
Va. Pass. A Pow. Co
,
January ..
January ..
February
February..
February..
Rloh. Pass. A Pow.
Richmond Tract. . February
Wash. Alex. A Mt. V Deoember.
I
By
January ..
Youngstown-Sharon February
West. Ohio
!
Spanish
117,215'
830,179
94.5111
13 645
18.657
23,002
16,398
57",265
54,961
5.884
339,677
6,099
298,011
14,987
16,265
Milwaukee Eleo. By.
n These
78,341
116.080
361,5 6
410,207
10,957
33,487
36 782
356,346
11.858
30,578
53,225
865,435
328
876
145
274
Orange Oo. Traor.
b—
18,124
17,560
def. 1,154
2,354
7,760
34.616
7,755
PeeksKlU Lt.ARR.aFeb.
16,398
Jan. 1 to Feb. 29
117,2*9
Rochester By. Oo.bMar
339,677
Jan. 1 to Mar. 81....
July 1 to Mar. 31.... 1,008,531
Toledo Bowling Green
19,254
A Houth'n Traot-.Feb.
19,308
Month of Mar
58,309
Jan. 1 to Mar. 31
188.665
Toledo Rys. AL'ht.aMar.
400,220
Jan. 1 to Mar. St....
343,302
Twin City Bap.Tr.bMar.
988,073
Jan. 1 to Mar. 3i....
Virginia Passenger A
6,761
27,460
6,652
14.666
100,436
298,011
878,916
def. 7 2
10,375
2,091
def. 2 42
50,606
133,260
460.876
4,987
1,469
4,011
46,581
140.107
428,039
18,012
22,434
61.237
127,012
367,654
319,556
913,995
3.246
4,429
12.043
60.807
176.453
178.P95
507,412
4,518
9,296
20,760
61.560
178,690
166.252
471,666
Jan. 1 to Mar. 31....
Oswego Traotlon
b—
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
Va. Pass. & Pow.bFeb.
Jan. 1 to Feb. 29....
Rich. Pass. A P b.Feb.
Jan. 1 to Feb. 29
Blohm'nd Tract.bFeb.
Jan. lto Feb. 29....
n These
A
Port
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week, The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be prooured, was given March
26, the next will be given April 80.
Net Earnings.—*.
Gross Earnings.
Blnghamton Ry.b. Max.
.
,
Previous
Current
Previous
Year.
Year.
Year.
Oct. 1 to Mar. 31....
6,421
41,742
7,181
38,776
Cincinnati Dayton A Toledo Traotlon b
Mar.
June 1 to Mar. 31....
33,760
423,809
37,851
404,051
6,225
178,999
14,608
179,466
Jan. 1 to Mar. 31....
14,968
38,383
14,859
38,039
5,566
11,059
5,409
13,236
Cleveland Southwest'n—
Traction Co
Mar.
Jan. 1 to Mar. 31
33,860
89,167
31,546
83,729
9.399
19,640
12,922
28,032
830.155
922,741
327,626
923,644
105,759
366,314
133,300
355,274
18,697
15,774
8,725
6,164
.
.
.
Olev.Palnesv.&E. .Mar.
Detroit United
By.n
Dunkirk A Fredoniab—
Jan. 1 to Mar. 31
Elgin Aurora
A So
12,851
Elgin Auro. ASo.b Mar.
11,304
84,643
82.824
35,909
34,821
Jan. 1 to Mar. 3i....
102,368
96,101
134,076
July 1 to Mar. 81....
187,052
319,978
844,680
Elmlra Water L'ht A RR.— (Street Railway Department only.)
9,375
10,487
Jan. 1 to Mar. 31...
40,266
41,284
37,961
38.699
July 1 to Mar. 31....
146,455
184,970
Rentals,
etc.
— t—Bal. of Net Eam'gs.—.
>
Previous
Current
Previous
Year.
Year.
Year.
Year.
16,318
161,389
15,967 def.10.093
161,640
17,610
def.1,359
17.826
267,669
82,534
244,739
19,495
9,897
52,808
134,387
1,793
9,133
27,522
82.640
1,787
9,216
27,648
81,946
6,932
2,171
7,299
54,412
4,877
8,635
8,261
52,130
74,050
220,604
70.714
209,900
"40,256
*118.823
-41,036
'120,471
15,441
44.934
19,8(9
106,598
*def.635
12,493 *def.4.484
36,723 -df .11,427 *def.6,130
34,793
18,432
16,973
265,296
100,139
250,748
7,324
8,929 *def.7,945 *def.6,041
3,401
10,820
26,240
7H.585
233,129
41.971
124,874
t90,275
1267,498
3,897 *def.3,473 def.3,639
*165 *def.6,841
10,328
*21,486
*24,656
25,461
*64,865
•65,842
76,408
232,650 *202,479
229,861
20.845
40,715
18,886
58,952
119,788
51,579
87,852
88,620
t78,400
236,466
1235,200
239,919
90,31
Mar.
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
Elmlra Water L'ht A RR. - (Street Railway Department only.)
Jan. 1 to Mar. 81....
12.268
11,745 *def. 1,419 *def.2,057
July 1 to Mar. 31
*3,403
36,803
*def.700
35,398
Honolulu Bapld Transit
A Land
Mar.
4,377
2,984
6,140
5,163
Jan. 1 to Mar. 3 ....
13,129
9,312
17,418
15.615
Lake 8h. Eleor. By.Feb.
20,371
20,871 def. 25.1 38 def. 14,592
Jan. 1 to Feb. 29
40,741
37,037 def.46,331 def.27,662
1
Milwaukee Eleo. By. A
Light Co
Mar.
Jan. lto Mar. 31
Milwaukee Lt. Heat A
Trac. Co
Mar.
Jan. lto Mar. 81
St.
By... Mar.
1
Oswego fraction—
Jan. 1 to Mar. 31....
July 1 to Mar. 31 ...
BoohesterBy. Co.. .Mar.
Jan. 1 to Mar. 31
July 1 to Mar. 81....
Toledo Bys. A Lt... Mar.
Jan. 1 to Mar. 81....
Twin City Bap. Tr...Mar.
Jan. 1 to Mar. 31....
Virginia
Passenger A
Power System
(all
properties) .a
Mar.
Jan. 1 to Mar. 31....
Int.,
Current
A Fredonla—
to Mar. 31
Orange Oo. Traotlon
Jan. 1 to Mar. 31....
16,975
100,127
Port
Roads.
Oct
17,081
104,838
A
Interest unarges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o,, with the
surplus or deficit above or belbw those oharges.
Montreal
5,690
166,068
35,900
63,571
10,232
18,189
3,491
8,226
earnings inolude the Detroit United By., Detroit
Jan. 1 to Mar. 31....
24,382
352,149
58.741
113,464
34.867
68,189
21,273
44,716
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
Cincinnati Dayton A Toledo Traotlon
Mar.
June 1 to Mar. 31....
Detroit United By. n (all
properties)
Mar.
Jan. 1 to Mar. 81....
earnings Include the Detroit United Ry., Detroit
Roads.
Aurora Elgin A Chicago By
...Mar.
June 1 to Mar. 81
4 999
a Net earnings here given are after deducting taxes.
b Netearnlngeheregiven are before deducting taxes.
217,660
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
a Decrease due to boyoott by oolored patrons.
These figures are for nine months from June 1 to Feb. 29.
Year.
8,042
24,832
23,186
5,778
9.375
2,394
5,160
29,264
27,892
86,998
81,319
Mar.
184,858
171,902
Montreal St.
Oct 1 to Mar. Si.... 1,122,679 1,017,491
4,120
3,994
Vew London St. By Mar.
11,973
11,238
Jan. 1 to Mar. 31
—
By —
Dunkirk
—
21,342
10.187
60,129
29,631
51,251
84,734
32,080 def. 4.767
66,779 def. 5,590
6.278
2,489
13,286
7,682
Cob
1.
—Ourrent
Year.
110.874
327,702
/
113.464
68,189
44,716
230,258
16,776
dl42,374
73,012
line.
,
Year.
113,387
336,085
.
d
$
236,488
698,070
201,906
78,820
111,017
329.230
399,018
241,354
These are results for properties owned.
These totals are from July
Year.
$
Net Earnings.
Current
previous
Power Sjs'em
sliver.
c Results for main
Year.
255,670
753,484
Jan. 1 to Mar. 8i....
Milwaukee Light, Heat A
...Mar.
Traotlon
Jan. I to Mar. 31
30,048
98.926
85,720
46,713 42,046
891
11,546
870
12,264
124.824
63.927 58,994 18l,0-)8
26,613 22.473
51,600
46,052
81.496
65,155
40,308 81,620
61.237
19.308 22,434
58.309
138,666 127.012 400,220 867,654
12,809
26,175
40,912 40.593 629,829 5'58.689
77.964 74,635 1,145,612 1,063,603
75,131
88,000 75.181
88.000
25.615 26,211
26,211
S5.615
4821403 445,161 1,009,818 917,987
68,741
34,867
21.273
18,963
14,154
36,065
Previous
A
Mar.
Light Co..b
Ry..
ALlghtCo
Syracuse Rap.Tr
11,973
178.600
9,576
30,048
..
Sao Paolo (Brazil)
r
Tram. L't A Po. Co. Feb nary 118,000 99,319
Savannah Elect. Co. February
38.607J 35,298
Soranton Railway... February., 68,830 52,412
Seattle Eleotrlo Co... February 171,743 155,164
143,448 136,383
South Side Elevated. Maroh
Springfield
17,291
10,520
18,025
11,238
175,097
90,391
315,754
80 171
10,873
18,094
13,422
14,666
51,116 42,695
645,482 568,731 1,778,838 1,573,263
Lotus Transit .. Maroh.
San Bernardino Val.
St.
Current
27,164
78.039
76,519
32,140
69,129
6,889
20.753
Mar.
Jan. 1 to Mar. 31
Illinois Trao. Co.... Mar.
Lake Sh. Elee. By.aFeb.
Jan. 1 to Feb. 29
Madison Traotlon. Mar.
85,501
12,654
Roads.
A Land.b
v2 ,870.001
February. 46,270 50,040
14,779 14,333
February.
21,493 18.836
February
11,937 11,534
March.
6,278
6,889
March....
Maroh.... 189.8*6 180.911
256.670 236.488
March.
29,264 27,892
Maroh
184,858 171,902
Maroh.
— Gross Earnings. —
Prewoui
Honolulu Bapld Transit
32,140
70,562
10,578
Maroh....
1493
Latin Dai*
t
17,302
Lake Shore Eleo. By February.
Lake Street Elev.c .. March.
1 to
Prev'ut Ourrent
Tear.
Tear.
Jacksonville Eleo.Oo. February. 21,101
Kansas City By. A Lt. February. 297,386
Lehigh Traction.
Lehigh Val. Trao. Co.
Street Ry. Dep
Elect rlo Light Dep.
Lexington Ry
,
THE CHRONICLE.
23, 1904.]
Kaeningb.
5
-
Pow.. Feb.
Jan. 1 to Feb. 29
Bioh. Pass. A Pow.Feb.
Jan. 1 to Feb. 29
Va. Paes.
<fe
Richmond
Tract.. Feb.
Jan. 1 to Feb. 29
65.138
130,047
22,163
44.705
4,797
9,749
def.29.238
def. 66,47 6
deM 1,931
def.26,516
deM, 306
deM, 523
Fixed oharges Inolude dividend on preferred stock.
earnings Inolude the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwloh Windsor A Amherstburg By.
i
n These
:
THE CHRONICLE.
1494
Including Philadelphia Company, Equitable Gai Co., Consolidated
the City of Pittsburgh, the Allegheny County Light
Oo. and Pittsburgh Railways Oo.
Jan. 1 to Mar. 31
_
Inc. or Dec.
1903.
1904.
Bat Company of
.
+1™' 4 S
4,205,505
Gross earnings
Operating expenses and taxes. 2,273,782
4,030,047
2,07 3,683
.
£
+201,099
Net earnings from operations. 1,931,728
166,567
Miscellaneous lnoome
1,957,364
238,799
-6 7.232
Total earnings and Income... 2,098,290
1.030,484
Fixed charges*
2.191.163
932,651
—9i,9TZ
Remainder
Accrued divid'd on
ofPhlla. Co
1,067,806
1,258,512
-190,706
71,805
71,797
+8
996,001
1,186,716
-190,714
1,753
74,970
-78,217
994^248
1,111,746
-117,497
Netsnrplns
Dae owners
of
1
—26,641
+9 7,833
pref. stock
common
_„«-
stook
of affiliated cos
Available f or Phila. Co
* Fixed charges Include rentals of leased companies, Interest on
funded debt of above oompanles, and aoorued dividends on preferred
stocks of affiliated companies held by others than Philadelphia Co.
ANNUAL REPORTS.
Annual Reports.
—The following
reports of steam railroads, street
.
Missouri
National
National
National
National
—
.
1 107
Continent al Tobacco
Crow's Nes- Pars Coal Co., Llm... 1871
818
Ciocker-Whe»lerCo
Cumberland Teleph. & Telegraph. 817
984
Delaware A Hudson
815
Delaware Lack. A Western
700
Diamond Match
991,1107, 1117
Dominion Coal
1889
llattery
Storage
Electric
1390
Empire Iron A Steel
1272
Pan-noon t Coal
Fay A Egan Co
;
Grand Trunk It', of Canada
Green Buy * Western
1
700
Western Stone
701
Western Teleph. A Telegraph
1220
Westinghouse K'ec A Mfg
9B7
Stkkkt Railways.—
Brooklyn Rapid Transit (applica-
1
1
i
tion to N. Y. Stock Exch.)
1119
Capital Traction (Wash., D. C.)....1219
Chicago Cltv Ry
816
Havana Electric Uy
1446
Indiana Union Tra'tlon
1276
Metrop. West Side El Ry., Chic. ..1392
Uuited Ryu. .* Wlec Bait
818. l.«88
W. India Klec. Co., Kingston, J am. 1279
Havana Electric Railway
(Report for the year ending Dec.
The
1221
Swartzschlld A Sulzberger (balance sheet Jan. i)
1445
Tamarack Mining
1391
Tennessee Coal Iron A RR
1166
Tennessee Copper
992
Texas A Pacific....
116*
Union Bag A Paper.
1445
Union Nat. Gas Corp., Pittsburgh. 986
Union Oil Co. of Calif. (15 mm.).. 701
Union Switch A 3lgnal
819
United Box BoardA Paper(bal.sh.) 766
Dnited States Cotton Duck
817
United States Leather
817
U. S. Steel Corp. (year)
1165. 1172
do
do
(3mos.)
1388
1'nlted States Telephone
..1*21
Utah Fuel (applio. to list) ...1171,1178
1444
1271
1270
Ilerrlng-Ilall-Marvin (bal. sheet
819
Dec. 81)
Hudson River Telephone
...1877
nnt. A Up .iid Top Mt. RR.ACoal.188S
Illinois Brick (bal. sheet Dec. 31). .1221
1165
International A (it. Northern
no?
International suit
1107
Interna lonul Silver
Rlrbv Lumber (balance sheets)... "00
767
Knlckerl.ooker Ice
Laclede (ins Li't (official Btatem't)1273
1443
Erie
Western
Lake
A
11H6
Lehigh Coul A Navigation
ManufacMirorors' Light A Heat... 988
Marconi Wlruleis Teleg. of Amer.l2i3
Carbon....
Fireprooflng
Lead
Springfield Breweries
1170
General Chemical
rand Rapid! \ Indiana
766
818
766
.
—
.
Pselflc
Biscuit
.
990
1274
1166
Cambria Steel
1225
Central A So. Amer. Telegraph
341
Central Union Telephone
Chicago (it. Western (half-year).. 1219
840
Chicago Peoria A St. Louis
1389
Chicago Pneumatlo Tool
1273
Chicago ity. Equipment
1443
Chic. St. P. Minn. 4 Omaha
1274
Chicago Telephone
1272
Clarksburg Fuel
1107
Commercial Cable
341
of New Tort
Consolidated
1220
Consol. Ky. Light & Refrig
988
Consolidated Rubber I'lre
1107
Consolidated Tobacco
Consolidation Coal of Maryland. '271
dm
787
819
1887
1226
1170
1105, 1115
766
Nat. Oil & Pipe Line, Beaumont... 1390
1442, 1450
National RR. of Mexico
New Telephone of Indianapolis... 1226
840
New York Chicago A St. Louis
New York A New Jersey Teleph. 817
773. 9-5
Northern Central..
1220, 1273
Otis Elevator
1387
Panama RR
1164
Pennsylvania Company
Pennsylvania RR
815, 825, 984
765
Peoples' Gas Light A Coke
1168
Philadelphia Bait. A Wash
1444
Philadelphia Electric
Philadelphia A Erie
816
Pitts. Cln. Chic, a St. L.1271, 1887, 1397
7«5
Pittsburgh Coal
1390
Pittsburgh Plate Glass
7S5
Pressed Steel 3ar
Quaker Oats (bal. sheet Dec. 31).. 818
819
Quincy (Copper) Mining
986
Railway Steel Spring
1396
Reece Button Hole Machine
1445
Rubber Goods Mfg
1227
San Francisco Gas A Electric
Sloss Sheffield Steel A Iron.. 1165, 1177
Somerset Coal
1272
Southern Pacific
698. 706
Southern Ry. (Bmos.to Dec. 31).. 1106
987
Sprina Valley Water
—
Butterlck Company
California Wine Association
page.
Marsden Co
Maryland Coal
Maryland * Penn
Mexican Telegraph.
Missouri & Kansas Telephone
.
Co.
31, 1903
)
report for the late fiscal year will be
found on pages 1502 and 1503. The company shows gross receipts of $1,084,508; after deducting operating expenses,
fixed charges, etc., the net profit was $30,235, to which
shonld be added a farther profit of $18,589 from the operation of the stage lines, making a total surplus for the year
There was charged to operating expenses
of $48,824.
$90,000 for new paving and rebuilding of rolling stock. The
company did not realize the full benefit of the additions, improvements, etc., which were completed or in progress
durirjg the year, but which are now causing a substantial
increase in the earnings of the property.— V. 78, p. 1446.
fnll text of the
The
directors, in
deemed it wise to pass the dividend for the fiscal year.
Improvements, Additions, Etc.—The mileage operated
has
not been changed, being 41-98 miles of single track (yards not included). The equipment remains the eame as previously reported—
89 motor oars and 262 coaches, a total of 851 oars. The property has
been maintained at its usual standard, and minor Improvements have
been made in the way of eleotrloal equipment, and the completion of
yard track at 40th avenue on the Douglas Park Extension. A new
coal handling plant has been constructed at 46th Avenue on the
Garfield Park lice, and some progress has been made in the construction of the new terminal station at 5th Avenue, between Van Baren
Street and Jackson Boulevard
The latter improvement wl 1 be completed during the summer, and in ample time for the heavy fall and
winter trafflo.
Operations, earnings, expenses, charges, etc.,
Railroads, etc.—
FAGE.
mnoh more
satisfactory than for the first part.
view of Improvements made during the year, and
those contemplated, and in view of present general flnanolal conditions forbidding sale of bond* on terms that oould be considered,
has been
and balance
an index to all annnal sheets have been as follows
Operations—
1903 04.
railways and miscellaneous Whole No. pass carried.. 41,372,338
Sections.
This index does not include reports in to-day's Chronicle.
RAILROADS, ETC.—
President D. MacAllister says in substance:
in trafflo has been fairly satlsfao"
tory (4-61 p. o.) during the year and was particularly gratifying at
the stations which were pnt in operation last vear, on the extension
of the Douglas Park line. On account of the dosing of the theatres
on Jan. 2. 1904, and during the time thay were closed, this oompany
lost considerable trafflo. The traflio delivered to yoar company by
the Aurora Elgin A Chloago Rv. has shown a satisfactory increase
during the year, partially dne to that company havlDg pnt in operation on May 26. 1903, a branch line from Wheaton to Elgin, Illinois,
thus opening additional territory,
The operating expenses were comparatively high, due to increase
In cost of supplies, fuel and labor, wages having been materially
lnoreaeed March 15, 1903, by decision of a board of arbitration.
Although the lnoreased wages oontiaued throughout the year, other
expenses deoreased during the latter part of the year, and the result
General Results.— The increase
is
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
1274
Alaska Packers' Association
1389
American Beet Sugar
Amer. Cereal (bal. sheet Dec. 31) 818
990
American Clear
Amer. Dist. Teleg. of New York.. .1219
1107
American Ice
787
Amer. Iron & Steel Mfg
988
American Radiator
1445
American Steel Foundries
788
sheet)
Amer. Strawboard (bal.
986
American Snjufl
767
American Sugar
1219
Amer. TelBDDone & Telegraph
11 07
American Tobacco
985,1103, 111«
American Woolen
1221
American Writing Paper.
Associated Merchants (half-year).! 108
1889
Bell Telephone <-'o. of Canada.
Bell Telephone of Philadelphia ..1225
1189
Borax Consolidated, Llm
1277
Brooklyn Ferry
[Vol. lxxviii.
Metropolitan West Side Elevated Railway.
(Report for the year ending Ftb. 29, 1904 J
Philadelphia Company and Affiliated Corporations.
i
.
1901-02.
1900-01.
1902-03.
39,648,354 33,910,790 31,656,972
92,906
86,250
108,352
113,348
Dally average
Earnings—
Passenger earnings
Miscellaneous
$2,065,701 $1,976,326 $1,695,243 $1,582,575
46,162
58,070
81.453
63.679
Gross earnings
$2,147,154 $2,040,005 $1,753,313 $1,628,737
Operating expenses
Malnt. way and works...
$39,496
$64,330
$55,306
$4?, 931
Maintenance equipment.
82,707
137.119
80,057
149,022
Conducting transporta'n
527,086
511,368
670,738
726,790
General
70,335
102,196
89,545
84,135
$1,042,338
$952,708
$737,209
Net earnings
1,104,816
Add Int. on balances, &o.
6,031
1,087,897
9,524
1,016,103
4,640
Total operating
Total avall'e Income. $1,110,847 $1,096,821 $1,020,743
$703,906
924,831
8,352
$933,188
Deduct—
Rentals
$239,509
139,633
474,353
41,351
Taxes
Interest
Miscellaneous
Dividends
Bate of dividend
$190,988
54,517
884,153
49
804,783
<3»s%)
$894,746 $1,117,804 $1,041,996 $934,490
sur.$216,101 df .$20,983 df.$21,253 def.$l,306
Total
BALANCE SHEET FEBRUARY
Assets—
Cash
Materials
28,988.401
192,000
291,900
221,716
66,061
291,900
298,173
87,673
86,116
1.S59
148,402
4,124
receiv-
able
Miscellaneous,
Total
1904.
Liabilities—
$
Road and equipment
29,249,758
Bonds In treainry. 192,000
Preferred stock in
treasury
28.
1903.
1904.
-V. 78,
(3%)
(3%)
Balanoe
Accounts
$201,122
149,335
392,320
37,976
261,243
$230,305
140,870
454.619
30,767
261,243
80 109,409 20.955,672
$
1903.
t
Preferred stock... 9,000,000 9.0OO.CO0
7.500,000 7,500,000
Common stock
Bonds
Coupons unpaid
13,000,000 13,000,000
32,720
"
62.693
46.848
205.382
110,424
Acc'ts payable
120,676
117.779
Taxes accrued
130.7C0
Dlvs. uncalled for.
6,648
4,362
Miscellaneous
22rt,967
10,856
Front and loss
.
.
Int. accr'd.not due,
Total
80,109,409 29.956,672
p. 343. 702.
Lonis Transit Co.
(Report for the year ended Dee.
St.
31, 1903. J
President Murray Carleton savs in substance:
Rental.- Under the lease of the United Railways of 8t. Louis, the
aggregate rental charge for the year (including 5 p. o. on its preferred
stook) was $2,759,781. Deduotlng $3t9.935 acornlng on the securities of the Uuited Railways owned by the St. Louis Transit Co., the
net rental charge was $2,359,846.
I improvements.- The lease requires the Transit Company to make
all necessary extensions ard improvements, receiving in payment
therefor securities of the United Railways.
These expenditures
amounted during the year to $1,868,931. the principal items being;
Seventeenth and Locust streets, sub station building and equipment,
$273,553; oars. $362,205; motors. $233,108; track construction,
$561,598, of which amount $165,640 was for paving between the
rails, between the tracks and one foot outside of the tracks.
By provision of the city ordinances, the oompany has equipped all
of its oars with the approved type of fenders, and is equipping Its
oars with power brakes ("Westinghouse traotlon brake"). The new
repair shop Is practically in full working order. It is equipped according to the most modern methods, and will undoubtedly prove very
economical In the maintenance of the equipment. The new power
stations and equipment have been completed, with the exoeption of
an auxiliary station, whloh will be completed by April 15, 1904.
Plans have been formulated and material ordered for the construction
of proper terminals at the World's Fair grounds. This work Is to be
completed by April 1 next. The oompany has provided for sufficient
car equipment to handle 60,000 passengers per hour to the World s
Fair grounds and an equal number per hour from the same. Contraots
were let for 450 new oars, 71 of whioh have been received. No additional track has been built during the year.
Total Improvements to Date.— Slnoe the Transit Company took
oharge of the property under the lease of Sept. 30, 1899, it has made
additions, acquisitions, Improvements and betterments aggregating
$10,340,990, as follows:
1900.
1901.
1902.
1899.
1903.
$3,836,803
$2,61*3,428
$1,378,839
$662,989
$1,868,931
For the Improvements thus made the Transit Company was paid in
United Railways 4 p. o. bonds and In its preferred stook, both at par.
It was unable to realize upon the securities thus reoelved without suffering a very heavy loss, beoause the market prloes were far below
par. Anticipating that the earnings would ultimately bring these
securities to a higher value, It has been borrowing from time to lme
)J
Apr.
THE CHRONICLE.
23, 1904.J
npon tbem, as collateral, money with whieh'to make the further im
provements required by the lease. The Improvement* necessary to
meet the public demands have been nearly accomplished, except such
as are yet necessary to be marie to equip it to take oare of the Increased business Incident to the World's Fair.
New Bonds —In order to fund the indebtedness thus accumulated,
and to provide for all future improvements under the lease, the
directors advised authorizing an issue of $20,000,000 5 per oent
20-year gold bonds, eeoured by a mortgage npon the leasehold and
upon the securities received and to be received from the United Run-
Washington
1495
(I). C.)
Railway & Electric Company.
(Report for the year ending Dec.
The company reports
31, 1903.
as follows:
Reoelpts from passengers
$1,118,259
Chartered oars ($9,101); mall ($2,535); advertising ($4,998);
rents ($263)
16.947
12,899
Interest ($3,539); options on real estate ($9,360)
Reoelpts from all sources
$1,148,105
ways Co. for Improvements made and to be made. On May 23. 1903,
252,336
the shareholders authorized the issue of these bonds, and the Transit Add "net lnoome accrued from securities owned"
Company also secured the guaranty thereon of the United Railways
$1,400,441
Total
Co. as to the payment of both prlnoipal and interest.
$561,271
Of the amount authorized, the mortgage provides that $8,056,000 Operating expenses
Deduct—
be reserved to refund the outstanding 5 per cent collateral trust
$523,645
notes dated Nov 1, 1901, and due Nov. 1, 1904. amounting to $5,- Charge for Interest
61,891
776.000 ($224,000 of the notes unissued were oanoeled during the Taxes
16,755
year); $8,000,000 to be delivered immediately for funding the float Wages special polioemen
15,000
ing debt and to provide for the construction and equipment expend- Rentals
itures of 1903, 1904 and 1905, and the balanoe to be reserved for
$617,291
Total
future acquisitions, oonstruotlon and equipment expenditures, pro$1,178,562
vided, however, that the amount to be Issued for oonstruotlon and Total operating expenses and fixed oharges
$221,879
equipment expenditures during any one year after 1905 shall not Surplus for the year
exoeed $500,0' per annum.
1875.
paid.—
were
V.
dividends
77, p.
No
Outlook— The large expenditures for construction, equipment,
Jersey.
etc., necessary to provide for the World's Fair trafllo are In excess of
Pennsylvania Steel Company of
what would have been required to oare for the normal growth of the
year
ending
Dec.
(Report
the
31,
1903.
for
business, and should relieve the company from any further material
expenditures of a capital nature for years to oome. The growth of
President R. C. Felton says in substance:
St. Louis during ih«* last year has been very marked, and It has not
be Mining Companies.— At the beginning of 1903 your company
O
been due primarily to the World's Fair. The prosperous condition of
On Nov. 1, 1903,
the State, and, indeed, of the entire Southwest, warrants the belief owned a half Interest in the Juragua Iron Co., Ltd
that there will be a long continued increase In the population of the the term of the limited partnership having expired and a renewal of
the same not appearing desirable, the Jnragna Iron Co., Ltd., was
city, greater proportionately than in the past, and with this a correliquidated, so that your company is now interested In only one mining
sponding Increase in our business.
General Results.— During the year the earnings increased $843.- operation in Cuba, namely, the (Spanish-American Iron Co. The two
628 over the preceding year, a gain of 13*07 per oent; operating ex- properties produced during the year 1903 555,524 tons of iron ore, a
decrease of about 20,000 tons from the previous year. The new
penses and taxes lnoreased $545,793, a gain of 1375 per oent. The
n ines of the Spanish- Amerioan Iron Co which were made accessible
large increase in operating expenses was caused by the inorease In
the price of ooal, rate of wages and a general advance in the cost of bv the railroad completed by that company shortly after the beginsupplies. The inorease in cost of ooal was $99,574. and the increase ning of 1903, have become producers, and during the year shipped 75,000 tons of ore. They can as yet hardly be considered as fully dein pay-roll $251,457. On May 1, 1903, the rate of pay for conductors
and motormen was raised one cent per hour. This inorease amounted veloped. The old mines of the same company are In good condition
and oapable of produoing an amount of ore largely in exoess of that
to about $45,000 for the year.
To olean up the accumulation of previous years, aoorulng from con- shipped during the year.
tingent liabilities, and to balance that aooount, the charges to "damStbbl Companies.— During the first three months the Inability of
age account" were increased above the aotual by the payment of the railroad companies to transport the necessary supplies rendered
$97,000 out of the year's earnings. The same ratio of oharges to this operating to full capacity an impossibility. For five or six months in
account will be continued during the year 1904 and thereafter until the middle of the year the plants were run at a very satisfactory rate,
a sufficient surplus has been created to amply provide payment for while during the latter part of the year, owing to the sudden falling
like contingent liabilities arising In the future.
off in the demand for steel products, the output was again curtailed.
The plants produced in 1903 715,000 tons of pig iron and 837,000
The results for three years compare as follows:
tons of steel, against 625,000 tons of pig Iron and 802,000 tons of steel
1903.
1902.
1901.
in 1902. While the output for 1903 will thus be seen to have been
Total revenue pass'gers oar'd. 147,141,429 130,830,722 117,546,811 larger than that of the year previous, the Increased oost of fuel and
railroad freights caused the profits to be less than those for the preOross earnings
$8,438,788
$7,259,460
$5,777,599 ceding year.
Operating expenses and taxes. 4,513,515
8,967,721
3,692,400
At the Steelton works of the Pennsylvania Steel Co. of Pennsylvania the new frog and Rwitch shops were completed and the maNet earnings
$2,745,945
$2,471,067
$2,085,199 chinery and business transferred from the old shops to the new and
Other income
13,430
36,387
6,313 the new plant] placed In successful operation. The new bridge shop
was a large produoer and among other piece') of work completed the
Total lnoome
$2,782,332
$2,484,498
$2,091,512 Williamsburg Suspension Bridge, between the cities of New York and
Deductions—
Brooklyn, the largest structure of Its kind in the world.
At Its LebInterest on bonds
$1,767,541 anon works the oompany began the oonstruotlon of a by-product coke
$1,771,000
$1,771,000
Dividend on preferred stock
plant, -which at the end of the year was somewhat more than oneUnited Bys. of St. Louis
(5%)587,846 (o%)586,861 (5%)576,210 half completed.
Int. on collateral trust notes..
288,800
262,683
18,560
The Maryland Steel Co. completed and put In operation 200 byOrganization expenses
1,000
1,000
1,000 product coke ovens, whloh are now produoing about 1,000 tons of
Miscellaneous Interest
196,473
131,037
253,830 coke per day. The marine department of that oompany completed
two 12,000-ton freight steamerB for the Atlantic Transport Line and
Total deductions
$2,845,119
$2,617,142 several smaller vessels, and secured an order from the U. S Govern$2,752,581
Deficit
x$62,787
$268,083
$525,630 ment for a large floating dry-dook to be used at the Cavite Naval Station in the Philippine Islands.
P.o.of op. exp. & taxes to gross.
62-30
61-62
6391
Baltimore <& Sparrow's Point RR.—This company, whioh conx As explained above, this deficit was'oaused by oharglng to the nects the Sparrow's Potnt works of the Maryland Steel Oo. with the
year's earnings on aooount of " damages" $97,000 above the aotual
raUway lines centering at Baltimore.lwaslsuooessfully operated during
toward "cleaning up" contingent liabilities, the accumulation of the year. Inoreaeed yard facilities were added, the oost of whioh was
previous years.
charged to operating expenses.
Depreciation.—The amount ($512,313) eharged to general depreST. LOUIS TRANSIT OO. GENERAL BALANCE SHEET DEO. 31.
dation is believed to be conservative and liberal; in addition to this
1903.
1902.
1902.
1903.
amount there have been spent and charged to oost of manufacture
Assets—
Liabilities—
•
•
$
$
$507,920 for permanent improvements or as special depreciation
Securities owned.»«6,570,767 24,927,892 Capital stock
.7,264.300 17,2*4,300
The amounts oharged to general and
of particular departments.
St. L. Tr. ref. &
Collat'l trust notes 6.776,000 6,000,000
impt. bonds
3,000.000
special depreciation are In addition to the sums spent upon the plants
St. L. Tr. ref. and
789,688
629,230
impt. bonds
8,000,000
for ordinary repairs and maintenance. Out of the net profits of the
Mat'rlal A supplies
322,1001
258,891 Int. accr'd on debt
subsidiary companies dividends amounting to $1,419,360 have oome
own.
Div.on stocks
88,992
62,565
88,126
ofUnlt'dRys.Co.
88,124
into the treasury of your oompany. The balanoe remaining has been
Int. on see's owned
67.540
67,640 Inter't accrued on
oarrled to the oredlt of the profit and loss aooounts of the subsidiary
St. L. Tr. Co. coll.
coll. lrust notes.
48,133
48,133
oompanles.
trust notes res'd.
924,000 Dlv. accrued on pf.
Cash
158,867
383,208
stk of U.KysCo.
229.941
209.442
Improvements.—During the year the subsidiary companies have
Securit's due from
5,051,178 2.W 10.774
United Rys. Co..
4*4,188 made expenditures for additions and improvements and oharged the
815.703
98,295 Aud .vouch. &acct s.
345,764
same to capital account, as follows: The Pennsylvania Steel Co.,
Bills and accouuts
25.022
80,440
Outstand'g tickets
receivable
438.188
267,503 Unclaimed wages
7,077
$792,516, principally for completing new frog and swltoh shops and
7,964
Cash to pay coup's 828,520
603,855 Bond coupons due
new bridge shop and for by-product coke ovens at Lebanon; the
Casb to red. bonds
4,110
746,820
7,250
not presented....
748,286
Maryland Steel Co., $628,362, principally for the completion of by511,249
5.200
146,685 Bonds not paid....
3,200
product eoke ovens; the Spanish-American Iron Co., $112,313, for
27.268
76,481
449,685 Miscellaneous,
16.328
completing railroad and opening new mines; a total of $1,528,191
oharged to capital aooount.
Total
i 7.604,027 27.796,299
37,604,027 !7,796,299
The only Important Improvement at present in contemplation at
Includes $17,261,300 United Rys. of St. Louis common stock, $2,852,169 1st the works of either of the subsidiary oompanles is the completion of
mort. 4s and $«.244,808 pref. stock; also $MO,000 Louisiana Purchase Exposi- the by prod not coke oven plant at Lebanon.
tion stock and $^,500 other securities.— V. 78, p. 1110, 989.
New
,
.
i
United Railways Company of St. Louis.
(General Balance Sheet Dec. 31, 1903.)
Assets—
1903.
1903.
1901.
$
$
$
Railroads, prop's & seo's puro'd. 66,828,550 66,833,479 66,832,784
Construction and equipment.... 11,069,722
9,200,791
7,821,952
Paoiflo RR. Co
58,409
46,713
O.B.Holmes, eto
7,316
6,266
General 1st mortgage 4 p.o.bonds
reserved to retire other bonds. 16,708,000 16,708,000 16,708,000
Stcck unissued
9,343,400 10,983.800 12,588,800
Rental due from Bt.L. Transit Co.
189,374
229.941
209,442
County of St. Louis
1,050
Total assets
Liabilities—
Preferred stock
Common stook
104,233,644 103,995,737 104,140,909
20,000,000 20,000,000
25,000,0C'0 25,000,000 25.000,000
Bonds (see Street Rt. Section)... 58, 688,000 58,688.000 58,688.000
Securities due St. L. Transit Co..
263,536
315,703
98,295
Income
189,374
229,941
209,442
Total liabilities.
-V. 78, p. 989.
20,000,000
.104,233,644 103,995,737 104,140,909
The combined statement of earnings by the operating companies for the calendar years 1903, 1902 and 1901; also the
profit and loss account of the Pennsylvania Steel Co. of New
Jersey for the years ending April 7, 1904, April 9, 1908, and
April 10, 1902, and its balance sheets, are given below:
Combined Statement of Earnings of operating Companies.
For the Tear s Ending Dec. 31—
1903.
1902.
1901.
Pig iron produced (tons)
715,000
625,000
Steel produoed (tons)
837,000
802,000
Net earnings
$3,380,434 $3,690,864 $2,879,273
323,559
Rents, lnoome from invests, eto...
329,607
274,187
Gross lnoome
Interest on bonds
Other Interest x
$3,710,041
864.997
143,633
$3,965,051
5
77.04sS
Net lnoome for the year
$2,701,410 $3,293,617
820,085
Deduct lor general depreciation.,
512,313
Net profit of operat. companies. $2, 189,097
Div. paid Penn. Steel Co. of N. J.. 1,419,360
Balance to profit and loss
$769,737
560 114
'
$2,652,718
491,211
$2,473,532 $2,161,507
1,150,750
1,177,500
$1,296,032
x Adjustment of Interest on temporary balanoes
and holding companies.
$3,202,882
$1,010,757
between operating
THE CHRONICLE.
1496
JERSEY).
Apr. 9. '03. Apr. 10, '02
$1,212,336 $1,215,063
3 0,581
29.937
&
Expenses
30,458
...
$1,184,481
$1,183,399
$1,500,003
Netearnlngs
Deduot dividends on
pref. stook. (7)1, 155,000(7) 1,201,930(7)1,152,956
$31,525
$345,003 def.$18,53l
Balance over dividends
BALANCE SHEET.
Apr.
Asset*—
Cash
Loans
7,'04.
Apr. 9, '08.
*
1.027.400
8tocis
St
9W.000
bonds. 25.H18.01O
Acctg.. etc.,
rec.
660.788
606.000
26.610.468
Apr. 7.'04. Apr.9,'03.
Liabilities$
Preferred stock.. 16.500 000 16,500.000
Commod
10,750.000
626.254
stock.... 10.750. 0(K)
and
Profit
loss..
62i,0i2
.
H.H31
Total ltablllties.27.874.042 27.876.264
Total assets.. 27.874,042 27,876.254
— V. 78, p.«92.
San Francisco (Cal.) Gas & Electric Co.
(Report for the year ending Dec. 31, 1903.
PaclfloGan Improvement Oo
Equitable Gas Light Oo
I. G. & P. Oo. and I. E. L, & P. Co
$10,620,672
Equitable G. L. Oo. in cash
Ind. G. A P. Co. and Ind. E. L.
An
therefor as follows:
$708,850
A P. Oo. In
cash
payment of
Floating debt assumed
Pao. Gas Improvement Co. bonded Indebtedness assumed.
interest
38,000 shares treasury stook,
8.
F. G.
& E.
Co., par
6,000,000
89.229
625,000
1,190,000
2,800,000
$11,413,079
The difference between aotual cost of the properties acquired ($10,620,672) and the amount the San Fraolsoo Gas & Electric paid therefor ($11,413,079), amounting to $792,406. was charged against our
accumulated surplus earnings. In addition to the amount, $708,850
paid the Equitable Gas Light Oo., we also paid by a note the sum of
$100,000 to the parties holding an option on the Equitable stook.
Birds.— The Independent oompanles declining to sell on other than
a cash basis, it beoame necessary to underwrite an Issue of bonds.
This I. W. Hellman undertook and successfully carried through. The
authorized issue was $10,000,000; $7,000,000 bonds at 95 realized
$6,650,O00;?thls, with cash (represented in the present floating debt)
liquidated ou>- oash obligations to the independent oompanles. Including their floating debt, and the Equitable Co. purchase, the total oash
payments amounting to $7,423,079. Two million bonds are reserved
for the redemption of the outstanding Pacific Gas Improvement Co.
issue, $1,190,000; the issue of the Edison Light & Power Oo $823,000, and the balance, $187,000, for future requirements of this company. The remaining $1,000,000 is held In our treasury and oan be
applied for the purpose of the cancellation of the floating debt or for
betterments. (Compare V. 78, p. 233.)
Increase in Customers.— On Deo. 81, 1903, we had 65,710 gas
and 9,771 eleotrlo meters in servioe, an increase over Jan. 1,1903,
of 29,919 gas and 4,533 eleotrlo meters. [Of this increase, General
Manager Lawless says that 26,989 gas meters and 2.837 eleotrlo
meters were acquired through the aforesaid consolidations. There
are now in all 5 {0 miles of mains.]
Earnings.— The absorption of the Pacific Gas Improvement Oo. was
completed Oot. 14, 1903; of the Equitable, Nov. 1; of the Independent
Gas <fc Power and the Independent Eleo. Light & Power Nov. 17, 1903.
For several months of the year (prior to these acquisitions) a considerable percentage of the output of gas was sold for 50 oents per thousand feet and eleotrlo rates were made aa low as 2^ oents for K. W.
hour, all at a considerable loss.
Under the new management eleoted In January, 1902, and April,
1908, dividends have been resumed, the plants have been greatly enlarged and Improved and operating expenses so redaoed that notwithstanding two years of warfare your oompany made large earnings, and is now placed on what oan be made a thoroughly sound
foundation.
Total
,
The
output and balance sheets were as follows:
PROFITS FOR TEAR ENDING DEO. 31, 1903.
profits,
Gas income
Eleotrio lnoome
$1,493,746
Depreciation, etc., funds—
1,011,02b Gas plant
$200,000
Eleotrio plant
195,000
$2,504,771
Balance surplus
$574,957
946,432 Dlv. paid Deo 24,1903.
588,382
(V. 78, p. 2287) 2%%.
396,211
Total Income
Deduct—
Gas oper. expenses
Eleotrlo oper. exp
Net
profit
$969,957!
Balance
$178,746
[Dividends were resumed last December by payment of the abovementioned 2 1* p. o., and in Maroh last were made quarterly at the
rate of 5 p. 0. per annum, 1 k p. c. being paid March 31.— Ed.]
NET PROFIT AND CONSUMERS FOR FIVE TEARS.
1903.
1902.
1901.
1900.
1899.
$969,957 $703,937 $458,440 $675,556 $808,271
Consumers Dec. 31 —
Gas
65,710
35,791
34,271
80,809
28,804
Electricity
9,771
5,238
4,286
2.325
1,985
OUTPUT IN 1903 AND INCREASE COMPARED WirH 1902.
Manufactured. Purc/iascd.
Total.
Increase
Oas.oublo feet... .1,672,478,100 78,824,000 1,751.302,100 37%
Eleotrloity.K W.H.
27,543,272
27.643,272 39^76%
Net profits
BALANCE SHEET DEC.
1903.
31.
1902.
1908.
Assets—
Real estate and
plant
16,607,938 10,018,088
Pipes, conduits,
lamp* St meters. 10.097.0C7 4,4A a ,568
150.K00
Patents * licenses
160,000
LiabilitiesCapital stock
Bonds— 10 yrs.,
oil, coal, etc
Bond
tools...
cons'rs..
IUu.ShH
21.4S2
119,672
84V.0M4
276.6S0
lnvestm'ts (stocks
and bonds)
1,054,735
Cash
Sundry assets
Supplies
A
Duo from
64,367
1,988
7P.H91
1
04,11
15
1*5.786
per cents
Pao.
.J37.797.097 15.003,063
4H
8.CO0.O0O
1,190,000
Gas Imo.Co,
L AP.Co.
628,000
71,867
Interest
Uncollected dlv's.
Wages
Bills payable
Outstanding jand
suspended accts.
Oep'na
Ins.
Surplus
Total
1902.
$
$
15,794,280 12,9rf4.285
Edison
Total
funds.
6,460
61.609
Co.
ending Deo. 31, 1903, being the first full year of business of the
oompany. In the balanoe sheet the earnings of all the subsidiary companies are inolud»d for the period mentioned. The balance sheet
shows carried to'surplus for the twelve months the amount of $612,024
after paying quarterly dividends for the year at the rate of 6 p. c. per
annum on its preferred stook and warrants and 10 p. o on its common
stook and warrants, and after oharglng off liberal amounts for depredation on the various plants and S78.404 for speolal reserves.
Attention is again oalled to the fact that the oompany is paying dividends upon a large amount of capital which has been paid in but
whloh has not been Invested. The amount uninvested at the olose of
the period was about $3,000,000.
Results of operations and the balanoe sheet Dae. 31 follow:
Tear
6 wio*.
income account.
1902.
1903.
$4,675,905
445,393
5, 499.374
Total
Eastman Kodak
(Report for the year ending Dec. 31, 1903.
Secretary W. S, Hubbell says:
The directors submit herewith the audited aooounts for the year
$2,925,691
$1,488,295
combined companies
Less— Dividend on preferred stook
(6%)$368,059 (3%)$151,071
"
Dividend on common stook
(10%)1,866.805 (5%) 806,123
"
11,295
Interest on pref. warrants (6 p. o.).....
"
50,697
Interest on common warrantsj(10 p.o.)
"
On stook of outstanding oompanles
400
111
Profits of
President W. B. Bourn eays in substance:
Acquisitions.— The aotual cost to the respective companies of the
properties and assets taken over In 1903 was:
The oompany made payments
[Vol. lxxviu.
NEW
PKWN8TLTA.NI1. STEEL CO. (OP
Apr. 9, '04.
Profit and Loss Account—
Diva, from oper. oos.
mlsoel.lnt.f 1,530,46 1
—
J
J
6*3 000
7.866
6 4W7
985,000
2H.180
1*6,000
855.968
6K4.518
40.911
13»,760
863,707
662,779
27,797,097 16,003,063
[The cost of the plant amounts to $35,704,945, made up as
follows: Gas-plant, $9,470,879; pipes, $7,075,869; meters,
$818,652; lamps, $77,490.
Electric— plant, $6,181,059; conduits, $1,933,820; meters, $198,676.
Report to Supervisors.!J
—V. 78, p. 1227, 233.
"
—
Special reserve
Total
Surplus
78,404
$2,313,668
$1,019,296
$612,0^3
$468,296
EASTMAN KODAK CO. OF NEW JERSEY AND SUBSIDIARY COMPANIES
COMBINED BALANCE SHEET DEC. 31.
1902.
1903.
Assets—
Plant, patents,
good
will. etc.. ..17,513,686 16,817,956
Supplies
Aocts.
Liabilities—
St
2,612,825
bills ree'le 1,043,9U6
'
2,207.432
892,290
Ry. bonds St other
Investments
1,763,596 1,428,286
Call loans
65u,000
600,000
Cash
3,200,270
2o6,211
Miscellaneous
Total assets.
— V. 78, p.
.
3,613,446
Stock
Stock subsld companles outstV...
Accounts payable.
Pref'ed
Jan. 1
Common
Jan.
42,000
554.031
2,000
360.978
dividend
90,080
83,666
470,873
1,081,023
437.068
468,999
dividend
1
Surplus
.27,069.083 25.359.4C9
1908.
1902.
S
*
24.821,076 24,000,704
Total liabllltie9.27,059,083 25.359.409
1448.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Atchison Topeka & Santa Fe Ry.— Sale of Oil and Lumber
Stocks.— See Houston Oil Co. under "Industrials" below.— V.
78, p. 286, 227.
Buffalo Hamburg & Aurora (Eleotrie) Rj.— Re-sale Ordered.— Justice Chllds in Special Term of Supreme Court at
Buffalo on April 15 granted an order vacating the judgment
of foreclosure and sale in the actiou of Weisaer against the
company, and authorizing the receiver to sell the property
within 60 days. Of the $51,500 bid at the sale in November,
1902, only 10 p. o. was paid over.— V. 76, p. 1406.
Purchase.
See Norfolk
Chesapeake Transit Co.
Southern Ry. below,— V. 77, p. 2158.
Chicago & Eastern Illinois RR.— Car Trusts.— The outstanding car trusts now aggregate $2,726,165, contrasting
with $1,266,694 on June 80, 1908. There were issued late
—
—
&
&
last year: Equipment bonds, Blair
Co., Series B, $1,525,000, interest 5 p. c. per annum, payable in June and Decem-
ber; principal payable, $57,000 each June 1 and December 1;
$56,000 each March 1 and September 1, with fraction of the
coupons then due. These bonds are dated Sept. 1, 1908, and
the last of the issue falls on June 1,1910. The previously
existing car trusts represent notes to the American Car
Foundry Co., with interest included, payable one-tenth
yearly to April 5, 1918, in monthly payments of $10,921.—V.
&
78, p. 1446, 819.
Chicago & Milwaukee Electric RR.— Bonds Offered.—
A. C. Frost & Co. of Chicago are offering at 101 and interest $700,000 "first mortgage.5 p. c. gold bonds" of this oompany (see advertisement on another page); denomination,
The bonds
$1,000; dated July 1, 1902, and due July 1, 1932.
are secured by lien upon all the property, rights and franchises of the company, consisting of 70 miles of track, connecting seventeen cities and towns of over 100,000 population with Chicago, having 2,000,000. Out of an authorized
issue of $5,000,000 bonds tbe company reserves in the treasury for future extensions (at 75 per cent of cost) $2,200,000,
The amount of capital stock authorized is $5,000,000 and the
amount issued $2,800,000, We quote from an official circular regarding the Chicago & Milwaukee Electric Railroad:
Tbe property Is of standard railroad construction; 6 5 and 85-pound
steel rail, standard whits oak ties, Iron and cmorete oul verts, stone
and concrete abutments, steel vladnots and bridges. The road-bed,
power plant and equipment are all of tbe highest standard of lnterurban railway construction, permitting the attainment of a speed
of from 50 to 60 miles per hour with safety and comfort There are
no grade orosslogs with steam railroads. All buildings are of stone,
The approximate
brick and steel— practically fireproof construction
oost of this property 1b $3,^00,000, whloh amount lnolndes over $500,000 paid for private right of way whloh the oompany owns in fee
simple. The company's right of way and franchises exclude all competition from Evanston to Wankegan on the shore side. In whioh territory four-fifths of the population reside and whloh territory is oapa-
ble of affording suburban homes to more than one million people.
This railroad commenced operating in August, 1899, slnoe whloh
time it has shown a steady lnorease in earnings. The LlDerty vllle
Division was placed in operation on sept. 1, 1903. This division was
lmiit for passenger and heavy freight business, affording connection
with the Obloago Milwaukee A St. Paul and the Elgin Jollet & Eastern, and offering exceptional freight facilities to towns along the
oompany 's road. Right of way is being acquired through Beach. Zion
City, Camp Logan. Wlnthrop Harbor and Kenosha, and construction
will oommenoe through these towns early this spring, thereby adding
a population of 25.000 to Its territory.
:
Apr.
:
:
THE CHRONICLE.
23, 1904. J
1497
—
Kansas City Southern By.— New Officers
Authorized
Statement.— Herman Sieloken, 77 Broad Street, this city,
was recently elected Vice-President, succeeding George J.
Gould, resigned. John Lambert has retired as director. Mr.
been sold to banks, insurance companies and private invest- Gould retains his membership in the executive board and is
ors."— V..76, p. 1855.
one of the voting trustees. Stuart R. Knott remains as
City Street Railway of Memphlg.— Franchise Formally President. There is no conflict, it is announced, in the
Declined. This company by its President, F. R. Harris, on management, which has unanimously tabled for the presApril 7 formally notified the City Connoil that the franchise ent a proposition to issue additional bonds for new extensions
recently tendered was "wholly unattractive as a business and equipment.
An authoritative statement issued yesterday says in subproposition," and was therefore declined.— V. 77, p. 2097.
The rates of fare are from 6 to 40 oenta per ride, according to the
distance traveled, bein*? only about one half the rate of fare charged
by the Chicago A North Western By. Co., Its only oouipetltor.
"Over $2,000,000 of the bonds of this company have already
—
BR—
New Officers.— The
Fair Haven & WestTille Electric
following changes are announced bringing in the representatives of the New York New Haven & Hartford RR
:
New
Direotors-Chas. F. Brooker, Arthur D. Osborn and Geo.
J.
Brnsh.
F. Day and H. F. Parmelee.
Officer*.— J. B.Oarrlngton resigns as Vice President but remains
a member of the board of dlreotors. John G. Parker elected Secretary
Lererrltt Gandee resigns as Secretary and Is eleoted Asst. Seoretary,
also retains hlB position as Treasurer.— V. 78, p. 988.
Retired— Samuel E. Merwln, Wilbur
New
Fort Smith & Western RR.— New Mortgage.—The mortgage recently filed to the Mercantile Trust Co. of this city as
trustee, is dated April 1, 1904, and secures $7,500,000 of
4 p. c. 50-year coupon bonds. Of these new bonds, $5,838,000 are to be used to retire the old $5,000,000 5 p. c. bonds of
the company; $400,000 may be issued for the construction of
stance
George J. Gould did not retire as Vice-President at the request of
the Dutoh or other stockholders. On the oontrary, Mr. Gould withdrew because he could not give proper attention to the duties
of the offloe; it was solely upon his own insistence that he was not reelected. Thecompany will still have the benefit of his valuable cooperation as a member of the executive committee
Max Pam has not retired as an offioial. The President desiring to
have that part of the legal department relating t the operation of the
road in dlreot oontaot with him at Kansas Olty. the office of General
Counsel was abolished and the offioe of Consulting Counsel created.
Mr. Pam was thereupon eleoted Consulting Counsel. There 1b no
other chance In his relationship to tbe company.
:
>
Mr. Sieloken was not eleoted Vloe- President at the request of the
Dutch holders of securities but upon the suggestion of Mr. Harrlman.
There Is no controversy or conflict between the present management and the holders of the voting trust certificates, whether Holland-
No complaint or dissatisfaction has been expressed
by anybody authorized to speak on behalf of the Dutoh holders.
The subject of making a supplemental bond issue at this time to
acquire and pay for new extensions and equipment had been under
discussion for some time The matter was fully considered, and at
the meeting the Presilent reported that the oompany was in a position to dispense with the making of any additional bond issue for the
present, In whloh conclusion the dlreotors unanimously oonourred.
The voting tru*t continues in foroe until April, 1905, and the voting
trustees are: Louis Pltzneraid, John W. Gates, George J Gould, E. H.
Harrlman, Otto B. Kahn, Herman Sieloken, James Stillman.
ers or otherwise.
the 20 miles between Fort Smith and Coal Creek, over which
the company at present operates under a trackage lease with
the Kansas City Southern; $400,000 par value may be used
to pay for equipment, and the balance may be issued by the
board of directors for any legitimate corporate purpose. The
actual exchange of the old bonds into the new has not yet
been perfected, but the old bonds have been deposited for
Kenosha (Wis.) Electric Rj.— Mortgage— A mortgage has
the purpose of making the exchange. The road is in operation between Fort Scott, Kan., and Guthrie, Okla, 216 miles, been filed to the Northern Trust Co. of Chicago, as trustee,
including tbe 20 miles of trackage above mentioned. A, C. to secure $200,000 bonds.— V. 74, p. 728.
Dustin Is President and Treasurer, Western Reserve BuildLehigh Yalley RR.— New Office*.— On Monday the New
ing, Cleveland.— V. 77, p. 769.
York offices will be removed from 26 Cortlandt Street to 148
Guatemala Northern RR.— Concession Ratified.—The Liberty Street.— V. 78, p. 1446, 1223.
Guatemala Congress on April 9 ratified the concession to Sir
Los Angeles Intemrban Ry.— Conxolid it ion,— Deeds have
William C. Van Home and others for the extension of the
been filed transferring to this company the property of the
Guatemala Northern, which, with the Guatemala Central, California
Pacific RR. Co., Los Angeles & Glendale Electric
will form a continuous line across Guatemala. See Chron
RR.
Co. and Los Angeles Traction Co. Tbe amount involved
icle March 5, page 988.
is stated as $2,088,808, "of which;$l, 646,548 is for the Traction
Henderson City (Ky.) Railway.— Bonds Offered.—The holdings."— V. 78, p. 584.
A. L. Rich Co., Cincinnati, offer at par and interest the
Los Angeles Traetion Co.— See Los Angeles Inter urban
remaining $60,000 of the present issue of $120,000 six per
Co. above.— V. 78, p. 584.
cent first mortgage gold bonds, denomination $1,000, $500
Louisville & Nashville RR.— New Office.—On and after
and $100, dated March 19, 1904, due Jan. 1, 1924, without
option. Interest payable January and July 1st at the Louis- May 2 the executive and financial offices will be in the
Empire Building, No. 71 Broadway, ninth floor. V. 78, p.
ville Trust Co. (trustees), Louisville, Ky, A oircular says:
The oompany is operating about 6 miles of standard-gauge traok 1446, 1392.
under a thirty-year franchise granted October, 1886, and "praotloally
Memphis (Tenn.) Street Ry.— See City Street Railway
exoluslve." Arrangements are being made for the building of about
above.
-V. 77, p. 2098.
2 miles of additional traok to one of the most beautiful natural parks
in Kentucky, located on the Ohio River and owned by the olty, and for
Missouri Kansas & Texas Ry.— See statement for Missouri
the thorough overhauling of the present traok and overhead equip- Oklahoma & Kansas Ry, in V.
78, p. 1447.
ment. The earnings for 1903 were as follows:
Grose earnings,
$19,917; operating expenses, $11,471; net earnings, $8,446. The
Norfolk & Southern RR.— Change in Control.—The conabove expenses inolude considerable amounts expended for better- trol of this company, recently held by New York men, has
ments. The earnings for 1904 so far snow a large Increase, and for
the year gross receipts of about $30,000 and net of $13,500 are been sold to the Chesapeake Transit Co., a company operating electric railways connecting Norfolk, Cape Henry
looked for.
The capital stock is $250,000; the authorized bond issue, $250,000, and Virginia Beach, The new owners propose to equip for
out of whloh $130,000 has been reserved with the trustee for future electrical
operation the line of the Norfolk
Southern lying
extensions under rigorous provisions, leaving $120,000 now outstandbetween Norfolk, Virginia Beaoh and Cape Henry, 27 miles,
ing (about $15, too per mile), being the only mortgage debt.
Officers: President. J. E. Bohannan, Louisville, Ky.; Vice-President, and the branch thereof from Kempsville to Munden Point,
A. L, Rich. Cincinnati; Seoretary and Treasurer, H. ff. Rlohardson, 22 miles.
This will give the Chesapeake Transit Co. in all
Louisville, Ky.
a total of 74 miles of trolley road. The remainder of the
Illinois Central RR.— New Offices.—The New York offices Norfolk
Southern will continue to be operated with steam
will be moved on or before May 1 from 214 to 135 Broadway. power, this including
the line extending from Norfolk
V. 78, p. 989.
southerly to Belhaveu, Va., 113 miles (including 9 miles of
Illinois Tunnel Co., Chicago.—Status.— President Albert ferry), the branch built and building from Washington to
G. Wheeler is quoted as saying:
Mackey's Ferry, 44 miles; other lines, 6 miles. The total sysWe have again extended the free servloe of onr telephones in the tem will embrace 228 miles of road, of which 74 miles elecbusiness dUtrlot until April 30. After that date the contract rates will tric. A consolidation of the Transit Company and the Norgovern. Onr plan Is to have the servloe of the highest value by that
folk & Southern is likely to take place at some future date.
time. The policy of free servloe has operated to introduced the system
and as business houses beoome acquainted with it tbey are willing to The following changes have been made in the management of
oontlnue it on a liberal basis after the free servloe period has elapsed. the N.
S.
We are entirely satisfied with the outlook, and our plans for the tunnel
Dlreotors
Resigned—Chaunoey M. Depew, Charles F. Cox, E. V. W.
transportation service are also progressing nloelv, so that by July 1 we
Rosslter and George R. Turnbuli.
shall be actively engaged in transporting freight.- V. 78, p. 820, 290.
New Dlreotors— A.. H. Flint, Henry Sproul, J. C. Chaplin (President
Kansas City Fort Seott & Memphis Ry.— Called Bonds.— of the Colonial Trust Co. of Pittsburgh) and J. T. Baoon of Flint,
Charle- Merrtam and associates, trustees under tbe mortgage Bacon A Co.
New Offloers— A. H. Flint has been eleoted President in place of
of the Ozark Equipment Co., will pay at 50 State St., Boston, John Oarstensen, Fourth Vice-President of the New York Central
on April 8'', bonds called for payment at par (ex-coupon due Railroad, but the latter will remain a director. Mr. Sproul has sucMay 1, 1904,) as follows: First series due May 1, 1910 $40,000; ceeded Alfred Skltt as Vice-President. Wm. S. Langford has been
ohosen Seoretary and Assistant Treasurer and Mr. OnapUn has been
second series due Nov. 1, 1910, $60,000.—V. 78, p. 1446.
made Treasurer.
Kansas City Shreveport & Gulf Terminal Co.— Status.—
We are authorized to deny the report that the Gould interThis company, whose entire capital stock ($150,000) is de- ests have any part in the purchase.— V.
78, p. 1392, 821.
posited as ooi lateral security under the Kansas City Southern
The "San
North
Not
Shore
RR.,
California.—
Confirmed.—
first mortgage, has in the hands of the pubiic $150,000 bonds,
Francisco
News
Bureau"
says
which are a first and only mortgage on the passenger station
There Is no dlreot confirmation of the reports that E. H. Harrlman
at Shreveport, La., with necessary offices, baggage rooms,
has purchased all the 60,000 shares of the North Shore RR. Co.'s
express offices, etc., connected therewith, as also the real es- stook, for about $800,000. The remainder of the published story is to
tate on which are located the station and tracks used to se- the effeot that Harrlman and his associates were to take at par
$1,500,000 of the 40-year 5 p. o. bonds of the oompany and had deposcure access thereto. Further facts
ited with the Mercantile Trust Co. a bond and are to close the option
The total bond Issue is $150,000, in denominations of $500 each, June 15.— V. 78, p, 584, 103.
running for 30 years from Aug. 1. 1897, with Interest at the rate of 4
Northern Securities Co.— Plan Approved.—The shareper cent per annum, payable Bern i annually on Feb. 1 and Aug. 1, and
subject to call at 105. The Terminal Oompany owos and operates the holders at the special meeting on Thursday, by a favorable
passenger station at Shreveport that Is now used by the lines termi- vote of $294,474,000 stock, no shares being cast ia opposition,
nating ihere, bnt has no long-time contracts. Its only souroe of
from
revenue is from tbe station property and the rental paid by the rail- I adopted the plan for reducing the capital stock
way companies.— V. <J8, p. 187.
$395,400,000 to $3,954,000. This reduction of stock is to be
—
&
&
-
—
&
:
—
.
THE CHRONICLE.
J498
accomplished by eaoh holder of outstanding shares surrendering to the company for retirement 99 per cent of the
shares held by nim, and receiving in retnrn for each share
so surrendered $39 27 of the stock of the Northern Pacific
Ry. Co. and $30 17 of the preferred stock of the Great
Northern Ry. Co. See olrcular in Chronicle of March 26,
page 1223 (compare V. 78, p. 1398).
Just prior to the meeting the following protest was filed
by the Oregon Short Line and Union Pacific interests
:
Notice Is hereby given to the speoial meeting of stockholders of the
Northern Seeurlttes Co. that the undersigned claim that the shares of
the capital stock of the Northern Paolflo Railway Co. dellverel by Edward H, Harrlman and Wlnslow S Pleroe to the Northern Securities
Oo. on or about Nov. 18. 1901, and consisting of $37,023,000 par
value of the common stook of said railway oompany, and #41,085,000
par value of the preferred stook of said railroad oompany and the
common stock Into which said preferred stook has been converted,
belong to the Oregon Short Line BR. Oo. as the legal and equitable
owner thereof; that the Northern Securities Oo. Is not now and never
beoame the owner thereof, but Is simp y aoustodlan, and that the undersigned are entitled to the return and delivery to them of oertltloates
for said stook of the Northern Paolflo Railway Co. upon the surrender
by them of $82,491,871 par value of the oapttal stook of the N >rthern
Securities Co. and the payment of $8,915,629 In cash received by them
on such delivery of said Northern Pacific stock to the Northern Securities Co. as aforesaid.
Notice is further given that the said Northern Securities 09. has no
right to distribute the said Northern Paoilio stook pro rata among the
stockholders of the Northern Securities Co., or otherwise dispose of
the same, except to return the same to the undersigned.
Notloe is further given that the undersigned have Instituted a suit
in the Circuit Oourt of the United States for the District of New Jersey to have it ad) adged that they are entitled to the return of said
Northern Paolflo stook to them, and that in said suit a restraining
order has been granted by the Hon. Andrew Klrkpatrlok, United States
Judge, restraining and adjoining the Northern Securities Co., until the
hearing and decision of the application of the undersigned for a preliminary writ of ioj unction, from parting with, disposing of, assigning, transferring or distributing said stock of the Northern Paolflo
Railway Co. so reoelved from said Harrlman and Pleroe, or the certificates whloh now represent the same, and that a copy of said restraining order and of the bill of complaint, exhibit and affidavits on said
motion for a preliminary Injunction, have been duly served on the offi(Signed)
cers of the Northern Securities Oo.
Edward H. Harrlman, Wlnslow 8. Pleroe, Oregon Shore Line Railroad and the Equitable Trust Co.
The restraining order of Jndge Klrkpatrick (granted on
Wednesday) is returnable on Monday next.
Favorable Decisions. The aforesaid meeting followed two
—
decisions in favor of the company respecting the liquidation
plan. The first was rendered by Vice-Chancellor James J.
Bergen on April 19 touching the application of the Continental Securities Co. for an injunction restraining the stockholders from voting on the plan. The Vice-Chancellor announced that he would dismiss the bill of complaint, adding:
I can't see from the argument on behalf of the complainant any reasonable grounds for an lniunotion. This stook Is an asset to be disposed of as any asset. I think it would be a great mistake to oast a
large amouut of Btook back on the market —the Court must be reasonable—and suoh an action might be disastrous. The division is fair
and all shareholders will get exaotly the same percentage.
In this suit E. T. Nichols, Secretary and Treasurer of the
Northern Securities Co., filed an affidavit stating that the
Continental Securities Co. became a stockholder of record of
500 shares on March 28, six days after the distribution of
stock had been decided upon.
DECISION AS TO HARRIMA.N (UNION PACIFIC) MOTION.
The other decision was handed down in the United States
Circuit Court at St. Paul, Minn., on April 19 by Judges Sanborn, Thayer, Van Devanter and Hook, who unanimously
denied the motion of Harrlman and Pierce and the Oregon
Short Line (Union Paoifio) to intervene in the Government's
suits for the purpose of obtaining the return of their controlling interest in the Northern Pacific.
The grounds for
this denial are summarized in the telegraphic dispatches
(1.) The plan of the direotori of the Northern Securities Oo. for the
distribution of the stook of the Oreat Northern and Northern Paolflo
Ry. companies is not violative of the decree In the Northern Securities case.
(2.) No one but the United States Government can successfully appeal to the Court to enjoin the execution Jof that plan on the ground
that it is in violation of the Sherman Anti Trust Act, and the United
States Government expresses satisfaction with the present deoree.
(3 ) The stock of the two railway oompanlts is not In the custody of
the Court.
(4.) An Intervention Is not neoessary to enable the petitioners to
protect any peounlary Interest or equity they have.
Applications for leave to Intervene In a oase after the entry of a
final dooree are very unusual. They are never granted as a matter of
oourst, and, owing to the tendency of suoh applications to oooasion
delay and prolong the existing litigation, they ought not to be granted
unless it is neoessary to do so to preserve some right which cannot
otherwise be proteoted, or to avoid some oomplioatlou that Is liable to
arise.
Regarding the contentions that the proposed plan would
result iu leaving the control of the two roads in the hands of
the persons who formed the Securities Company, the Court
The
issues suggested are disputed and debatable questions of fact,
whloh the parties would be entitled to litigate with witnesses and evidence, after leave to Intervene had been granted, and we deoilne to
consider them or the affidavits or excerpts whloh present them upon
this motion. Aooordlng to well-established rules, the petitioner oannot intrude into tulB litigation merely to protect the publlo Interest,
so long n't the Government Is present by it* Attorney General ana
expresses its disapproval of suoh Intrusion. The petitioners oan Intervene only for the protection of their own Individual ^interests, and
for that purpose only In the event that they oan obtain adequate protection do other way.
The United States stands on the deoree as affirmed, and submits
that the Court Is only oonoerned to see that It 1b faithfully observed
by the defendants aooordlng to its terms.
For further extracts see New York "Evening Post" of
Tuesday. The Harriman interests, as appears from their
protest above, propose to continue their efforts to recover the
control of the Northern Pacific.
[Vol. Lxxvin.
—
Coal Stock. At the meeting of the stockholders on Thursday Seoretary and Treasurer E. T.' Nichols read from the
minutes of an executive meeting concerning the purchase
of 12,000 shares (par $300,000) of stock in the Crow's Nest
Pass Coal Co,, which stock is now in the treasury of the
Northern Securities Co., makirjg its total holdings in that
stock 41 p. c. of the entire issue. Compare V. 78, p. 1275,
1271.— V.
78, p. 1447, 1393.
Ohio Union Traction Co.— New Securities.—This new
Appleyard Company has amended its charter so as to increase its authorized capital stock from $10,000 to $700,000,
and has made a mortgage to the Security Trust Co. of Camden. N. J., as trustee, to secure $700,009 of S p. c. gold bonds.
A. E. Appleyard is President and C. F. Coney Secretary.
The amended charter permits thejoperation of trolley lines:
From Cincinnati to Toledo, Oolumbus and Zanesvllle, and In Hamilton, Warren, Montgomery, Greene, Olark, Ohampalgn, Logan, Hardin, Hanoook, Lucas, vf adlson, Franklin, Licking. Muskingum, Coshooton, Tuscarawas, Stark, Summit and Ouyahoga counties.— V. 78,
P, 703
Philadelphia & Brigantine RR.— Sold.— At the foreclosure sales in Atlantic City on April 15 this road and the property of the Brigantine Transportation Co. were bid in for J.
O. Heald of Newark, the largest bondholder, the former for
$9,000, the latter for $11,250.
The properties, each covered
by a first mortgage of $50,000 now foreclosed, are described:
Railroad— IS miles of railroad track from Brigantine Junotion to
Brigantine City; one locomotive and half a dozen passenger and baggage oars.
Transportation Company.— Seven miles of trolley traok on Brigantine Beach, a score of trolley oars, power houses and three steamboats.— V. 77, p. 2036.
Pittsburgh
pects.
Shawmut & Northern BR.— Earnings.— Pros-
—The statement of earnings for the three months ending
31, 1903 (V. 78, p. 1886.) while showing gross earnings of
$227,891 and net of $82,010 (contrasting with $186,274 and
$77,575 respectively for the same period in 1902) indicates
after adding "other income" and deducting fixed charges
($71,128 against $85,123 in 1902) a surplus for the quarter of
only $17,997, against $79,492 in 1902. An official explanation
fumiehed to the Chronicle follows
The material ohange in results is due to reduced profits from the
mining companies whloh are operated subsidiary to the Pittsburgh
Shawmut A Northern RR. operations. You will recall that the prioes
received for bituminous ooal during the winter of 1902 were somewhat above normal as the effeot of the anthracite ooal strike during
the preoedlng summer. We are expeotlng to reooup these reduoed
earnings of the ooal property out of Increased railroad earnings whloh
will aoorue out of the Increased mileage of the railroad whioh we put
into operation during January of this year. (V. 78, p. 49.) The advantages from this lnoreased mileage, however, we hardly expect to
materialize until during the coming summer, owing to the fact that
there is still much work to be done on the new road, the uncompleted
condition of whlob Interferes with eoonomloal operation, added to the
extraordinary difficulty of operating during the severe winter and also
in the fact that our coal development has not yet reached a sufficient
tonnage to fully oooupy the lnoreased railroad mileage we have under
operation. We therefore feel that our earnings statement for some
time will not Justly reflect the aotnal value of the property, whloh we
still consider a new property In process of construction and develop-
Dec.
:
ment— V.
78, p. 49.
RR—
New Mortgage.— This
Raleigh & Pamlico Sound
company, whose road is proiected to run from Rileigh, N.
C, via Middlesex, Wilson and Greenville, to Washington,
N. C„ 110 miles, has made a mortgage to the Knickerbocker
Trust Co. of this city, as trustee, to secure $1,530,000 of 5 p.
c. gold bonds.
These bonds are dated Jan. 1, 1904, and are
due Jan. 1, 1934; interest payable July 1 and Jan. 1 at the
offioe of the trustee; denomination, $1,000 each.
The company is authorized to issue $1,000,000 capital stock in shares
of $100. A portion of the road (about 4}£ miles) is expected
to be completed about July 15.
None of the bonds and only
$50,000 of the stock has yet been issued. The President is J.
N. Turner; Secretary and Treasurer. C. B. Barbee.
Rates. -Settlement.— &qq remarks in editorial columns,
page 1465.— V. 78, p. 769.
Reading Company.
Full Registration of Bonds
— No pro-
vision having been made in the following-named mortgages
Reading RR. Co. for the registration
of the Philadelphia
of the interest on bonds issued thereunder, the Reading Co.
has arranged that the holders who may desire to have their
bonds full registered shall surrender to the company for
cancellation all of the unmatured coupons attached thereto,
and have their bonds stamped with an agreement in the fol-
&
lowing form:
Pursuant to an agreement with the owner, all of the unmatured
coupons heretofore attaohed to this bond have been surrendered and
oanoeled, and this bond has been registered upon the books of the
oompany both as to the principal and as to the Interest hereafter to
aoorue; and the principal wheu due and the Interest as It matures will
be paid only to the party In whose name this bond shall be so registered, or his assigns.
The Philadelphia Stock Exchange has ruled that any of the
bonds issued under the said mortgages that may from time
to time be so converted from coupon to registered form shall
be entered on the Stock Exchange list as "Stamped Registered" bonds, and are a good delivery. The following statement Bhows the total bonds in question still outstanding and
listed on the Philadelphia Stock Exchange, and the amount
thereof which has been "stamped registered:"
Outstand- Am, •ml
Date of
"Mamiitd."
\ng.
Mortgage.
$189,fi't0
June 1, 1848 ... .$1,513,700
79.\O«0
867,040
ltt,
18U...
Jan.
t'8,<>00
85.000
Aug. 8. 1>4* ...
07, .mo
23,000
Jan. 9, 18«9
2,696,000
631,000
Oct. 1, 1888
Date of
Mortgage.
June.
Outttand-
Amount
ing.
"Stamved."
1871, «%. $7,804,000
Do.
7%. 7.310,00
1,
i
Oct.
,
Aug.
1, l-»78
86,
1882
9.3ri3,000
5,673.042
$1,567,000
1.908.000
1,938,000
798,500
1
This privilege of registration is extended to all the holders
of the above issues of bonds who may desire to avail themselves of it.— V. 78, p. 1447, 1110.
Apr.
THE CHRONICLE.
23, 1904.]
Rochester & Genesee Valley RR.— Bid Accepted,— See
"Rochester, N. Y." on page 1510 State & City Department.—
V. 78, p. 1276.
Sao Paolo (Brazil) Tramway, Light & Power
The company reports as follows:
Report.
Oal.
year.
.
—
— Gross
earnings.
Iiailway.
Lt. -Power.
.
All
Total
Co.,
Balance,
turplu*.
1903 ..9<<62,W41 $340,234 §890,428 $28«,885 $d9i,37a $22.1,164
705,869
250,000 239,019
243,378
216,850
1902.. 879.P07
119,394
262,957
1901 .. 630,282
In 1903 was paid one quarterly dividend of \\i p. c. and
V. 77, p. 90.
three of \\i p.
c—
Seaboard Air Line Ry.— New Office.—The
New York
office
has been removed from No. 15 Wall Street to No. 24 Broad
Street.— V. 78, p. 989, 821.
499
pated that this railway will be oompleted and in operation by the end
of 1904 or •borcly thereafter. Ths other two roads, lt is expeoted,
will be completed and In operation some time daring 1906. The underground roads when oompleted will be about 45 miles in length.
The London United Tramways system consists of about SO miles of
surface lines operated electrically.
For
Dividends
charges. (b$i%in 1903.)
net.
Llm.—
1
list of
collateral, etc., see
V.
76, p. 1081
report in V. 77, p. 1531.
West Jersey & Seashore RR.— Report.
;
also see last
—The results for the
year ending Dec. 31 were:
Net.
Gross.
Tear.
1903.... $4,260,460
1902.... 3,898,798
Oth. income.
Int., tax, etc.
Bal., sur.
$945,475
$5,619
$382,382
$568,742
308,602
1,002,390
23,190
716,978
Dividends on stock call for $258,842 yearly, the balanoe,
$314,900 in 1903 and $433,136 in 1902, beiDg used for extraordinary expenditures and transferred to the credit of extra-
ordinary expenditure fund,— V. 76, p. 1140.
South Jersey Gas, Electric & Traction Co.— Bonds OJJered.
Western New York & Pennsylvania Ry.— Report.— The
This company, whose property is leased for 900 years to the
fiscal year having been changed so as to end on
company's
Public Service Corporation, with dividends guaranteed on the
formerly, on June 30, the earnings
instead of,
—
$6,000,000 stock at the rate of 3J^ p.c. per annum for the first
year, increasing to 8 p. c. for the sixth and subsequent years,
has outstanding |7,558,000 of "first mortgage 5 p. c. gold
bonds" due March 1, 1958. Of these bonds $5,030,000 have
already been plaoed and the remaining $2,500,000 are offered
West, Philadelphia, and
at 101 and interest by Henry
King, Newark, N. J. See page 895 of Street RailEiselle
&
&
way
Section.— V. 76, p, 1250.
South Pennsylvania By.— Sale
May 1^.— The
foreclosure
sale is advertised for May 14 at Geiger, Somerset Co., Pa. It
will include the 209 miles of projected line from Harrisburg
to Port Perry (Allegheny County); also the projected line
Southwestern RR. Co., exformerly of the Harrisburg
tending from Fannettaburg, Franklin County, Pa., to Hagers-
&
as
for
Dec. 81,
the six months ending Dec. 31 are reported as follows:
Gross earnings, $3,058,222; net, $443,495; fixed charges and
extraordinary expenditures, $963,998; bal., deficit, $520,503.
For the year ending Dec. 81, 1903, the results compare with
those of previous fiscal years as below:
Net.
Charger. Ext'y Exp.
Gross.
Bal., def.
Tear—
$5,685,787 $473,205 $1,142,969 $647,635 $1,317,399
1903
434.029
33,289
1,124.729
1,525.469
1902-3
5,116,343
196,751
1901-2
705,857
1,119,138
610.032
4,764,331
-V.
77, p. 825.
Wilmington & New Castle Electric Ry.— Merger.— See
Wilmington New Castle & Southern Ry. below.— V. 73, p.
1161.
Wilmington (Del.) New Castle & Southern (Electric)
Consolidation. This company was incorporated under
Ry.—
town, Md., etc. The foreclosure decree was entered March
28, 1904, by Judge Bnffington of the United States Circuit tne laws of Delaware on April 2 to merge the New Castle &
Court in the suit of the Union Trust Co. of New York, as Delaware City Ry. and New Castle & Wilmington Electric
trustee, under mortgage of Jan. 1, 1885, on which $9,927,120 Ry. companies. The consolidation, however, will not be
Vice-President Rea of the Pennsylvania completed until May 1. An authoritative statement follows:
is due and unpaid.
Wilmington New Castle & Southern Ry., offloe 909 Market St., WilRR. was quoted as saying that the decree evidently related
—
to the western part of the line, in which the Pennsylvania is
in no way interested. His company, he says, has no direct
interest at present in any part of the South Pennsylvania,
but the eastern portion of the right of way and franchises
are controlled by the Cumberland Valley RR. Co. The lastnamed company's report for 1894 said :
For the purpose of lmnrovtnK oar line, a line was located from a
point on oar road near White Hill Station to the freight tracks of the
Pennsylvania RR. Co. in Harrisburg, crossing the Susquehanna over
the unused piers of the South Pennsylvania Ry. Co. This line has
been secured to our company by the necessary legal proceedings in
condemnation.
As to the South Pennsylvania, see V. 77, p. 770; V. 61, p.
152; V. 50, p. 561; V. 48, p. 188, 160.
mington, Del., to operate electric railroad between Wilmington and
Delaware City, about fifteen miles. Capital stock $330,000, In shares
of $10 each, of whloh $170,000 shall be 6 p. e. preferred stook, cumulative after Jan. I, 1907, the remainder common stook. General consolidated bonds, $650,000, to retire the outstanding bonds of the
former oompanles, $300,000; the remainder to be issued for extensions and improvements when needed. Directors; H. L. Evans, P. J.
Ford, Willard Saulsbary. Francis E. Kelly, Harry J. Scoeokle. H. A.
Richardson. T. B. Helsel, all of Wilmington except Mr. Riohardson.
President, H. L. Evans; Vice-President, Wlllard Saulsbary; Secretary,
O. P. Holoomb; Treasurer, Francis 8. Morlson. Annual meeting third
Tuesday In January.
Suffolk & Carolina By.— Now Standard Gauge— Extension Also Completed. This road, heretofore operated as a
narrow-gauge line from Suffolk, Va„ to Edenton, N. C, 50
miles, has been rebuilt with 60-lb. rails and equipped with
new rolling stock, and on April 19, together witn an extension of 25 miles, to Elizabeth City, N. C, was put in operation as a standard-gauge railway. The property is controlled by Baltimore capitalists, including William H.
Bosley, President; J. Hough Cottman, Vice President; Gen.
John M. Denison, Dr. Charles H. Tilghman, William C.
Seddon, A. H, Rutherfoord and William B. Oliver, directors.
Charles F. Pitt Jr. is Treasurer and John S. Gittings is Sec-
April 15, the usual dividend date at this season, without the
announcement of the declaration of the customary quarterly
dividend of 1% p. c. upon the preferred stock of tnis company, some inquiries have been made upon the subject, and
we learn from authoritative sources that there has been no
meeting of the directors for the consideration of the subject,
and that none is expected in the immediate future.
It appears that since about the middle of March a
change of management has been in progress, and that
the policy of those who now direct the affairs of the
company is to defer further dividends during this period of
reorganization of the personnel, and while the company is
establishing several new departments of manufacture, including steam and water turbines, gas engines, and particuThis latter business the
larly that for electrioal machinery.
company has acquired fully established as a "going concern,"
and capable of ready development under the organization of the Ballock Electric Mfg. Co. of Ohio, the entire capital of which is owned by the Allis-Chalmers Co. This electrical
establisbment is one of the largest in this country, and it
has produced some of the most important electrical machinery made here.
The annual report of the company may be expected at the
usual period, and we learn that although it will show net
earnings in excess of the dividends already paid, it will indicate a less prosperous business than in the previous year,
and that at the close of tne fiscal year the cash working
capital in excess of all current liabilities and reserves will
amount to about $7,500,000. The property of the company
is free of mortgage or other lien, and the company has no
floating or other form of obligation outstanding.
We are assured that there is no intention of issuing any
bonds, but that should the volume of business increase by
improved general business conditions or from the development of the new departments of manufacturing, it may be desirable, to facilitate the current operations, to incur at times
some floating debt, which the net earnings, not otherwise appropriated, will duly provide for.—V. 78, p. 1111, 770.
American Alkali Co.— Proposed Settlement of Claims
Against Preferred Shareholders.— E. C. Miller & Co. and
Cbas. H. Bean & Co., under date of April 16, eay
With a view of effecting a settlement of all claims by the American
Alkali Co and particularly of securing a release of all responsibility
of the subscribers and holders of the preferred stock of said oompany
for assessments on said stock and from any f atore liability, a plan has
been proposed to raise a fund to pay all debts of the said company,
have the reoelver discharged, the assets sold, and some adjustment or
liquidation whloh will give the oommon stockholders the present assets and seoure for the preferred stockholders who may unite in this
movement under the sanction of the Court immunity from all present
and future liability.
—
retary. The "Baltimore Sun" says:
President Bosley said that the net earnings for the month of March
on the narrow gauge— 50 miles— were at the rate of $67,000 per annum. The road, as extended to Elizabeth City and broad-gauged and
equipped, has only a fixed charge of $35,000 per annum. It is expected that the increase of 25 miles and broad-gauging will more
than double its gross and net earnings. The railway and extensions Is a
saving to all freight and passenger business oomtng from the South
and West of over 50 miles, bringing Elizabeth City and Edenton
within 50 miles of Suffolk, Va., where, as heretofore, all passengers
and freight destined for those points and Albemarle Sound had to be
carried via Norfolk, a distance of 100 miles. The Elizabeth City extension outs the celebrated Dismal Swamp east and west a distance of
25 miles, opening up some of the finest timber and trucking lands lu
North Carolina. Elizabeth City Is one of the most progressive towns
In North Carolina, and now claims a population of between 8,000 and
10,000 persons.— V. 76, p. 103.
Underground
—Profit-sharing
Electric Railways Co. of London, Limited.
Notes Offered. Speyer
Co. and Blair
—
&
&
Co. offer at 96}^ and interest $10,000,000 of tais company's
5 p. c. profit-sharing secured notes due June 1, 1908, but subject to call at par in whole or in part (when drawn) at any
time at company's option. These notes are part of an issue
limited to £7,000.000 sterling, of which $16,550,000 are payable in United States gold coin. The notes are payable to
bearer in denominations of $500, $1,000, $2,500 and $5,000,
and have coupons attached, payable June 1 and Dec. 1 at the
office of Speyer
Co., New York, free of British income
tax. The collateral securing these notes is held by the LonWestminster Bank, Ltd., trustee. The proceeds of
don
this issue of notes are being used for the construction and
equipment of the railways of the tube companies and for
electrically equipping the existing lines of the Metropolitan
Distriot Ry. Co.
circular says :
The Metropolitan Distriot Ry. Is at present being operated by steam
locomotives, but lt is confidently anticipated that theeleotrioal equipment will be finished and the road in operation under the new srstem
by the end of 1904. Tne Baker Street <fc Waterloo Ry., Great Northern Piccadilly & Brompton Ry. and the Charing Cross Easton &
Hampstead Ry. are tube roads under construction. Tk« greater part
of the running tunnel of the Baker Street & Waterloo By., Including
the portion under the Thames, has been oompleted and lt is antici-
&
&
A
,
INDUSTRIAL. GAS AND MISCELLANEOUS.
Allis-Chalmers Co.— Status,— By reason of the passing
:
,
of
—
THE CHRONICLE.
1500
[Vol. lxxvtii.
There is, we are informed, no plan of reorganization, the on any of the questions that had been dlsoussed, exoept to hold that
Qulnbv's relation to the oompany was such as to authorize him to sue
scheme being merely to liquidate the indebtedness of the In
the United States Court, and that the case presented was within the
stockholders
preferred
company by contributions from the
Jurisdiction of the Court.
The Court intimated that it was of the opinion that the company
and to turn over any remaining assets to the common stock
oonld not operate as an artificial gas company, but did not make a
holders. There is stated to be a very good prospect for the formal
decision to that effeot, as it was not neoessary to do so in order
success of this plan, whioh will relieve the preferred stock- to dispose of the motion for a temporary injunotlon. Nor did it exliapress any opinion as to the disposition that would be made of the
holders who join and pay their share from all further
bility.
"Preferred stockholders who do not join this move- assets of the oompany when it came to be wound up (for the same
reason), although this question had been dlsoussed to some extent.
ment will not be relieved thereby from their liability for
It will probably be two or three months before any deassessments made so far and which are now in litigation."
cision
of the main question 'n the case can be obtained.
The company's debts are estimated at about $100,000. The
Ferdinand
Winter of Indianapolis is leading counsel tor the
Philadelphia "News Bureau" says
:
understood that of the 120,000 shares of preferred stock out
standing, over 1,000 have paid the $2 50 aspessment levied some time
ago by the management. At least 40.000 shares are said to be held
by persons from whom no money oan be oolleoted. It Is believed,
however, that there are at least 50.C00 shares held by persons who
would be perfeotly willing to pay a voluntary assessment of $2 per
share In order to discharge all liability for $40 per share now, under
the court decisions, hanging over them.— V. 77, p. 1875.
It is
American & British Securities Co., Limited.— Debentures
Offered.- This company, organized in 1900 with paid capital
of £20,000, does business in Chicago and London. It is the
outgrowth of the foreign business developed by Aldis, Northcote & Watson in disposing of the better class of American
corporation securities to British investors. Owing to the
success of the Chicago investment firm the capital of the
Securities Company has been increased to £100,000 and an
ia*ue of 4 per cent terminable debenture stock of £80,000 is
offered.
American
Steel
Co.— President.— General
President. He was recently
Foundries
Charles Miller has been elected
elected acting President.— V. 78, p. 1444.
American Telephone & Telegraph Co.— Output.- The oatput of instruments for the month and three months ended
Mar. 81 was:
3 montha.
Month
>
,
To Mar. 31—
Gross output (number)
Net output (number)
Total outstanding
-V. 78, p. 1448,1219.
1904.
126,522
1903.
84,280
91,479
46,108
>
,
1903.
305.961
301,568
189,315
192,578
3,972,095 3,339,635
1904.
—
Brooklyn Academy of Music— Liquidation. The directors on April 15 declared a dividend of 100 p. c, being $50
per share, from the funds in the treasury, payable on and
after April 25 to stockholders of record April 15, Compare
V. 78, p. 1189, 704.
Central Fire Works Co.— Common Stock Dividend.— No
dividend nas been paid on the common stock (of $1,406,800)
since Ang. 10, 1908.
From Aug., 1900, to Aug., 1903, semiannual dividends were paid at the rate of 2 p. c, per annum.
The dividends on the 7 p. c. cumulative preferred stock (of
$1,267,200) have been paid in full to and including Feb.,
1904.—V. 74, p. 989.
Chics go Edison Co.— Bond Sale.— The company has sold to
the Merchants' Loan & Trust Co., in connection with the
First Trust & Savings Bank, both of Chioago, $500,000 first
mortgage gold 5 per cent bonds, dated July 1, 1896, due July
1, 1926, and optional on or after April 1, 1911, on 6 months'
complainant. -V. 78, p. 1394, 770.
Crow's Nest Pass Coal Co.— Minority Interest.—See last
paragraph under Northern Securities Co. under railroads
above. The Toronto Stick Exchange quotes the stock at
"350 asked;" no sales this month.— V. 78, p. 1271.
Edison Electric Illuminating Co. of Brooklyn.— Payment.— The following notice explains itself:
The remaining unsettled claims, which were taken over at the time
of the sale of the stock of the oompany, have now been fully adjusted.
This committee Is therefore enabled to distribute the balance of the
Notice is accordingly hereby given that a dividend of 40 cents
per share has been declared upon certificates of deposit Issued for
stock, under agreement of Aog. 25, 1898. The said dividend Is payable May 5, 1904. to holders of record April 25, 1904. and ohecks representing amounts due will be delivered to oertifloate holders or their
agents upon the presentation of o«rtlfloat«s at the office of this committee. 54 William St. [SlgneL George Foster Peabody, Ethan Allen
Doty, Edwin M. Bulkley, Committee ]— V. 77, p. 2037.
fund
Federal Telephone Co.— Debts
Finance" on April 16 said:
Ext ended.— "Cleveland
"The agreement for the extension of the telephone 'Indebtedness o1
the Everett Moore synaloate and the Federal Telephone Co. was declared opera'lve on Thursday of this week, and the telephone seourl
ties of the Everett-Moore syndicate, together with certain traction
assets, have been plaoed In the hands of three trustees, consisting of
Frederick 8. Dickson, H. R Newoomb and Calvary Morris. H. R.
Newoomb has been made Chairman of the trustees and B. w. Jadd
Seoretary and Treasurer. The agreement of extension is for eighteen
months from Oct. 13. 1903, and it expires on April 1 *, 1905. Praotloally all of the creditors signed the extension agreement, and the
others have promised to be good. It 1b hoped by the time the extension agreement expires that enough securities will have been sold and
enough plants disposed of to thoroughly clean up the Federal Telephone agreement."— V. 78, p. 1394, 1225.
Franklin County Coal & Coke Co.— Stock Offered.— This
company, whioh holds uader 99-year lease coal properties (it
is said 693 acres) at Benton, Franklin County, 111., is offering a block of its 7 per cent cumulative preferred stock, the
price for $100 preferred, with a like amount of common stock
as bonus, being $125. The authorized stock is $275,000, of
which $75,000 is preferred; par value of shares $1. No bonds
or mortgage. President, C. S. Lusk, Fond du Lac, Wis ;
Secretary, M. E. Parenteau, and Treasurer, T. H. Smith,
First National Bank Building, Chicago.
Hartford
& New York
The company has
Transportation Co.— New Stock.—
a certificate of capital stock from
The existing $200,000 of 6 p.c. bonds will
The company pays 6 p. c. dividends. V.
filed
$252,500 to $500,000.
be paid on
May
1.
—
78, p. 705.
—
Houston Oil Co.— Reorganization Committees. Luther
Kountze of KountzeBros., and John I, Waterbury, President
Clairton Steel Co.— Sale.— Negotiations for the sale of the of the Manhattan Trust Co., both of New York, and Gordon
control of this company by its owner, the Crucible Steel, to Abbott, President of the Old Colony Trust Co. of Boston,
the United States Steel Corporation, have been re-opened, have consented to act as a committee to protect the interests
and are generally expected to be completed next week. The of the stockholders and to formulate a plan of reorganiza"Iron Age" of April 21 gives what it understands to be the tion. Holders of both classes of stock are invited to deposit
terms proposed.— V. 78, p. 1225, 105.
their shares with the Manhattan Trust Co. of New York or
Colorado Fuel & Iron Co.— Called Bonds.— General mort- the Old Colony Trust Co. in Boston under an agreement,
gage bonds issued in 1889 by the Colorado Fuel Co. have, to copies of whioh may be obtained from either depositary. The
the amount of $86,000, been drawn by lot for redemption at usual certificates of deposit will be issued. See advertise110 and interest on May 1 at the Metropolitan Trust Co., 87 ment on page ix,
The Bache committee (V. 78, p. 1112,) announces the deWall St.— V. 78, p. 585, 845.
posit under its agreement of March 3 of a large amount of
Consolidated Gas of Baltimore.— Dividend Increased.— stock, and asks further deposits on or before May 1 (see adA semi-annual dividend of 2 per cent has been declared, pay- vertisement
on another page). Tbis committee is working
able June 1 to holders of record May 14. Tbis increases the in harmony with the Young committee representing the
annual rate from 3 p. c. to 4 p. c. The earnings are said to company's "timber certificates." This last-named committee
be materially larger than a year ago.— V. 77, p. 952.
was mentioned in the Chronicle of Feb. 6, 1904 (page 586),
Consolidated Lake Superior Co. Guaranty Believed to under Kirby Lumber Co. see also to-day's advertising pages,
be Assured. A press despatch from Toronto yesterday said:
where it is announced that the time for depositing timber
The second reading of the Ontario Government's bill to guarantee certificates has been extended until 3 p. m. May 4.
$2,000,000 to reorganize the Consolidated Lake Superior Oo. was
As to the payments ordered for the benefit of the timber
passed last nltht by a majority of three, a strlotly party vote. This
of the Houston Oil Co. and the action touching
certificates
means the passage of the measure finally. The loan will be exeouted
without delay, and Speyer & Oo.'s mortgage will be paid off. Compare the trustee for those certificates, see the Kirby Lumber Co.
notice.
-V.
76, p. 1303, 1194.
;
—
V. 78. p. 1169, 990.
below.
Consolidated Rubber Tire Co.— Reduction of Stock.—The
shareholders will vote May 2 on a proposition to reduce the
common stock to one-fifth the present amount,viz.: from $4,000,000 to $800,000, by surrender of four out of every five
shares outstanding, the par value continuing to be $100 per
snare. The preferred stock (6 p. c. cumulative) will remain
as now, $1,149,500. The report for 1903 was in V. 78, p. 986.
Receivers' Certificates.— In order to pay taxes, the receivers have asked permission to issue $60,000 in receivers' certificates, bearing interest at 6 per cent and redeemable out of
the earnings of the company,
8ale of Stock.— The Atchison Topeka
Santa Fe Ry. Co.
gives notice of the proposed sale Apr. 27 at the N. Y. Real Estate Salesroom, No. 161 Broadway, of the following: Houston Oil Co. preferred stock, $250,000, and common stock,
$250,000; Kirby Lumber Co. preferred stock, $250,000, and
common stock, $250,000.— V. 78, p. 1395, 1112.
Consumers' Gas Trust Co., Indianapolis.— Further Facts.
About QuiTiby Suit.—Vfe have been favored with the following from an autboritative source:
The case of Qnlnby against the company was heard on March 1
simply upon a motion for a temporary injunction to prevent the company from further continuing to supply natnral gas. Substantially
all of the questions of law that oonld arise in the case were, however,
discussed, as the defendants assumed the position that Qutnby had no
such relation to the oompany as a stockholder as entitled him to sue.
This Involved the question of the scope of the organization of the
oompany and as to whether It oould engage in business of manufacturing and supplying artificial gas after it had oeased to do business
as a natural gas company. The Court did not make any definite ruling
&
Jackson (Mich.) Has Co.— Status.— This company is still
an independent enterprise, the proposition of the American
Light & Traction Co. in 1902 having been accepted bv only a
minority interest. A oircular issued by Edward M. Deane &
Co
Grand Rapids,
describes the present status as follows:
mortgage 6 per oeut gold bonds, dated April 1. 1897; due April
1, 1937; Interest payable April 1 and Oot. 1 at New York agenoy; denomination, $1,000; Illinois Trust A Savings Bank, Chicago, Trustee:
,
First
authorised issue, $350,0 jO, reserved for future extensions. $40,000;
—
Apr.
23, 1904.]
—
THE CHRONICLE.
present Issue, $310,000; capital stook, $2*0,000. The net earning!
are more tban three times the Interest charge on the bonds and are
steadily Increasing. Operates nnder a favorable franchise, which Is
perpetual.— V. 75, p. 551.
Kirby Lumber Co.—No Change in Trustee for Timber Certificates—Application of Timber Sales.— Allan MoLane,
Third Vice-President of the Maryland Trust Co., makes the
following statement regarding the recent action of the Federal Court in the receivership proceedings instituted against
the Kirby Lumber Co. and the Houston Oil Co
For some reason the Timber -certificate Committee seemed to have
the impression that the Maryland Trust Co., as trustee, was disposed
to antagonize their Interests, and accordingly they appeared at the
hearing, which took plaoe at Houston on the 16th, and demanded to
be made parties plaintiff, and intimated that the trustee had been
derelict In Its dnty. After full argument the Court denied the application of this committee to be made parties plaintiff or in anywise
pat in oharge of the litigation. It said, however, that they might,
through their Chairman, beoome parties defendant, so that they might
have full notice of all steps taken In the oourse of the litigation. To
this, of course, there oould be no objection on the part of the trustee.
Ibeir oomplalnts against the administration of the trust of the Maryland Trust Co. were practically withdrawn before the discussion
ended, and at the close of the argument the Court expressed its entire
approval of the trustee's conduct in the premises.
As a result of the aotion taken by the Maryland Trust Co., as trustee, at this hearing, the Court decided to make administrative orders,
to take effeot as or the date of the original appointment of receivers
on Feb. 1, requiring the reoeivers of the Kirby Lumber Co to pay, or
seourethe payment, monthly, of all timber out by the reoeivers, temporary and permanently. The Court also indloated a disposition not
to permit the timber to be out by the reoeivers unless they were In a
position to pay for the same'at the oontraot price
This ought to he
:
satisfactory to the tlmber-oertifloate holders, as well as the preferred
stockholders of the Houston OU Co.— V. 78, p. 1395, 991.
Laclede Has- Light Co., St. Louis. Authorized.— At a
meeting on April 18 the proposition to increase the
common stook from $8,500,000 to $17,500,000 and to make a
new mortgage for $20,000,000 was ratified. See full particulars regarding this mortgage and the company's property
and earnings in V. 78, p. 1395, 1378, 1278.
Lone Star & Crescent Oil Co.— Sale Ordered.— Judge
Bryant in the Federal Court of Beaumont, Texas, on April
14 ordered the sale of this property under foreclosure of a
mortgage given Oct. 27, 1902, to secure ten notes of $10,000
eaoh. The Court orders that a portion of the proceeds of
sale shall be held to provide for certain claims.
V. 78, p. 161.
Mntnal Electric Light Co., San Francisco.— Bonds.— The
shareholders will meet at the office, 627 Howard St., San
Franoisco, on June 21, to authorize a mortgage to secure an
issue of $400,000 5 p. o. thirty-year gold bonds, of which
$250,000, it is said, will be issued at once and $150,000 will
remain in the treasury for future requirements. This issue
will replace that for a like amount authorized last fall but
never sold. E. H. Rollins & Sons, who, it is understood,
have contracted to purchase the $250,000 bonds, objected, it
seems, to the unusual provisions of the original bond and
mortgage. Orders have been placed for the building of a
new power station, with a total of 5,000 horse-power, at
Spear and Folsom streets. The old plant at Howard and
New Montgomery streets, it is said, will be abandoned. V.
special
—
—
78, p. 1228, 50.
1501
formally discussed by the directors." The company has
outstanding capital stock having a par value of 124.987,750,
divided into shares of $35 each, on which only $7 50 (30 p. c.)
has been called. The remainder of the face value, representing about $17,500,000, remains open to call from time
to time at the company's option. A call of $2 50 per share
(10 p. o.) would bring the company about $2,5"0,000. The
company began in 1902, and is still paying semi-annual dividends of %% p. o. each on the amount paid in, making 5 per
cent thereon for the year both in 1902 and 1903. The report
published last week should be read with these facts in mind.
—See V. 78, p. 1449, 1444.
Pittsburgh (Pa.) Joint Stock- Yards Co.— New Stock.—
This Pennsylvania incorporation has increased its authorized issue of cai-ital stock from $2,000,000 to $2,500,000. Its
stock-yards,
which are located on Herrs
Island, at Pitts-
burgh, and are very extensive, were formally opened on
Sept. 7, 1908. The company was incorporated as the Pittsburgh Union Stock- Yards Co., but in October last changed
On Jan. 1, 1904, the
its title to that shown in the caption.
Pennsylvania RR. Co. owned $1,162,800 of the th«n $2,000,000 stock, Rob«rt Pitoairn is President, Samuel R^a, VicePresident; F. W, Schwarz, Sec, and Taber Aehton, Treas.
Pope Manufacturing Co.— A, W. Pope has been elected
V. 77, p. 454.
director, succeeding S. C. Winslow.
—
Shawinigan Water
& Power Co.— Status.— This company,
we
are informed, has an income from annual contracts for
consumption of power now in operation to an aggregate of
$214,000. The contracting oompanies include:
Shawinigan Bleotrlo Light Co..
Shawinigan Carbide Co.,
Montreal Light. Heat A Power Co.,
Pittsburgh Beduotlon Co.,
Sorel Electric Co.
Belgo Canadian Pulp Co.,
Against the total income as above there are to be oharged
cost of operation, stated as about $30,000 yearly; interes on
$1,500,000 1st mortgage bonds, $75,000; interest on $1,000,
000 1st oonsol. 5s, $50,000; total, $155,000. Of the oompany's
available power, reported as 100,000 horse-power, only about
30 per cent, it is said, has been contracted for as yet.
Farson, Leach
Co. are offering a block of the first mortgage 53 at 101 and interest. Their circular says:
The company has authorized an Issue of $3,000,000 first consolidated 5 per cent bonds, of which $1,000,000 have been underwritten
and the funds used in improving: the property. It Is the purpose of
the management to issue the balance of these bonds and take up the
present outstanding first mortgage bonds at 105 and interest. Compare V. 73, p. 1258.— V. 76, p. 387.
&
Southwestern Portland Cement
Co.,
White
Cliffs,
Ark.—
Receivership.— Judge Rogers of the Federal Court at Fort
Smith, Ark., on March 31 appointed Treasurer E. O. Haight
receiver of the property. The application for the receiver
was made upon behalf of one of the creditors of the company.
The following is authoritative:
There is a total issue of $2,000,000 stook, of wh'ob $1,000,000 is
preferred and $1,000,000 oommon; there la a bonded debt of $500,000 outstanding and a floating debt of about $111,000. The bonds
bear 5 p. o. interest. We do not know the valne of the plant, but It is
somewhere between 9500,000 and $760,000. Works at Folmina
(White Cliffs), Ark.; office at 551 Gibraltar Building, Kansas City.
Norwich Gfas & Electric Co.— Decision.—The Supreme L. Heyneker, President; J. Van Tyen, Seoretary.
Court of Errors of Connecticut, the Court of last resort, on
It is understood that Holland interests came into control
April 14 affirmed the decision of the Superior Court, which in
1901, at the time of the reorganization of the predecessor
held that the city is compelled to purchase the company's company, the White Cliffs Portland Cement
& Chalk Co.
property, in accordance with the vote of the Common Conn
See V. 73, p. 394, 188.
cil, in two consecutive municipal years, viz., on Jan. 7 and
Standard Hilling Co.—Application to List.—The New
June 6, 1901. The law providing for municipal ownership of
lighting plants is held to be constitutional. Under the de- York Stock Exchange has been requested to list $3,402,000
cision the city is compelled to buy the property, paying there- 5 p. c. first mortgage bonds of 1930, $6,900,000 5 p. c. nonfor $590,000, the price fixed by the speoial commissioners ap- cumulative preferred stook and $4,600,000 common stock.
V. 78, p. 1114, 107.
pointed by the court (see V. 76, p. 976, 1088), plus the value
of the supplies on hand, to be appraised. Of this amount $190,Strnetural Steel Car Co.—Bankruptcy Sale. Under order
000, plus the appraised value of the supplies (probably about
of the United States Court for the Northern District of Ohio,
$20,000), is to be paid in oash, the remaining $400,000 by asEastern Division, U. S. Johnston, trustee, Canton, Ohio, will
sumption of the company's bonds. If the city does not wish offer at public sale on the premises, April
30, the real estate
to take the property, it must pay the company $190,000 and
and personal property of the company, bankrupt, of Canton,
abandon all claim to the property.— V. 77, p. 1229,
Ohio. An advertisement says
Ogden Gas, Chicago.— Statu:— The growth of the comThe real estate consists of S3 acres of land, upon whloh are all the
pany's plant and business as indicated by the statement filed buildings necessary to the construction of steel railway cars. The
some time ago by its counsel Moran, Mayer 4c Meyer, in company was organized In 1901, the buildings completed and fully
with maohlnery of the latest type, and went Into bankruptcy
answer to the city's allegations in the suit then recently in- equipped
for want of snfliolent capital and before a wheel had turned. Original
troduced, appears from the following:
Investment over $200,000.— V. 77, p. 2394.
Calendar
Mains
Meters
Gross Oompensat'n
Gas sold
United States Packing Co.— Status.— We have been favyear—
(miles).
to city.
inust.
(cubic feet)
receipts.
ored
with the following:
76**
1903
$25,422
28,250
862.230,160 $763,664
We are Informed on reliable authority that the company has never
1897
22
6,138
67,978
6,795
89,438,200
Construction aocount In 1900, $86,076; In 1901, $113,868; 1902 succeeded in raising enough money to ereot Its plant in the city of
Pueblo, and that there is no apparent likelihood of enough money
$172,920; in 1903, $99,987; or a total of $472,851.
—
—
:
"This defendant has just completed an addition and extension to its
generating plant which doubles its generating oapaolty and Increases
the same to 6.000,000 oublo feet per day.
During the year 1903. In
order to utilize the mains already laid to their best advantage and to
make new and further connections, this defendant did not lay extensive additional mains, though it very largely inoreased its output."
being raised to ereot a plant. We are also informed that Mr. C. F.
Martin Is no longer oonneoted with this oompany. Under these circumstances the stook ($1,000,000 in $1 "full-paid" shares) has been
stricken from the list of the Pittsburgh Industrial Stook Exchange.—
V. 76, p. 814.
—
United States Rubber Co. Dividends Resumed. The di—V. 74, p. 155.
rectors on Thursday declared a dividend of X% p. c. on the
Paris (Texas) Light & Power Co.— Earnings.— The West- preferred stock, payable June 15 to holders of record May 81.
ern Trust & Savings Bank, Chicago, in offering a block of The preferred stook dividends, for a number of years 8 p. o.
the $200,000 first mortgage 5s, report for the year 1903 gross per annum, were suspended in 1901 after payment in Janearnings, $54,042; net, $20,904; interest, $10,000; balance, uary of one dividend at the reduced rate of 1 p. c. The pressurplus, $10,904. See V. 75, p. 189.
ent dividend is not described as being for any particular
year
Philadelphia Electric Co.— Stock Assessment.—The "Phil- period, but is payable from the earnings of the fiscal
1227.
1449,
ending
Compare
Maroh
1904.
V.
81,
78,
p.
adelphia Ledger," referring to the meeting of the directors
on April 20, at which the officers were re-elected, says: "No
United States Steel Corporation.— Negotiat ions Resumed.
action was taken on the expected assessment, and none is —See Clairton Steel Co. above.—V. 78, p. 1451, 1172.
probable until the next regular meeting of the board, the
17* Investment News Concluded on Pigs 1503.
latter part of next month. The matter has not yet been
:
THE CHRONICLE.
1502
[Vol. lxxviii.
and Qatummts.
Ilcptfrts
HAVANA ELECTRIC RAILWAY COMPANY.
REPORT, DECEMBER
52
New York, March
Company :
Gentlemen:— The following comparative
statistical tables
of revenue and operation for the fiscal years ending Dec. 31,
1903 and 1902, are respectfully submitted
:
77,089
87.738
90,367
92,080
94,980
80,059
May
June
July
August
September
October
94,807 82
89,41199
November
December
87,014 13
91,01160
Miscellaneous Receipts, such
as Advertising, Rentals, etc.
Operating Expenses
Int.
on
92
69
24
94
84
73
94,20029
April
.
1902.
$60,480
62,332
71,873
70,377
85.490
67,046
71,6^7
73,576
78,024
75,516
69,524
78,996
09
6K
17
18
38
00
13
42
97
77
15
44
$1,061,729 34
$864,865 36
22,779 30
7,407 06
$1,084,508 64
641,832 48
$872,272 42
559,429 59
$442,676 16
$312,842 83
Funded
Debt
$289,180 00
35,772 22
9,751 82
$386,028 09
10,474 17
15,938 48
•Floating Debt...
Taxes and Rents,
Profit
way Company:
Gentlemen. —The past year's operation of your company's
property shows a decided improvement over the previous
year, and this is especially gratifying when you consider
company has not realized all of the advantages
but not completed, during the years 1902-1903.
Some changes of an experimental nature have been made
during the past year, and naturally as such, must be given
time to become known to the people of Havana in order that
you may realize their true worth.
On April 13, 1903, your Company increased its tariff, raising the fares to what was decided to be a more equitable
that your
412,440 74
334,704 04
$30,235 42 Loss
$21,86121
basis.
About this time a new route, known as the Cerro-Plaza
Vapor, was established. On the 3d of March the University
Line was opened to the public, and on the 11th of August
the Twenty-third Street and Seventeenth Street Lines were
put in operation.
The Marianao branch of the Insular Railway Company
was formally opened to the public on the 15th of November.
This included a new route — Vedado-San Juan de Dios— to
Muelle de Luz, by passing along Cuba Street. During the
year the Company leased the Omnibus Lines operating
throughout the City of Havana and along many of your
principal toutes.
The traffic receipts for the year 1903 amounted to considerably more than for the year 1902, although the number of
tasseneers carried was considerably less, as will be seen
from the following
•Since liquidated.
The above
profit of $30,235 42 is exclusive of a profit of
$18,589 38 made on the operation of the stage lines for the
nine months ending 31st December, 1903.
Attention is called to the increase of about 20 per cent in
the earnings, while the mileage, as shown by the General
Manager's statements, has only increased about 14 per cent.
The expenses per mile have nominally increased from 10*78
to 10-87 cents per car-mile, but are in reality much lower on
account of considerable amounts expended on betterments,
improvements and renewals, which have all been charged to
operating expenses.
There have also been charged to operating expenses about
$90,000 for new paving and rebuilding of rolling stock.
While no special allowance has been made for depreciation,
the system has been maintained in a high state of efficiency.
The interest charge on funded debt includes about $50,000
for interest on construction capital, the benefit of such new
construction only now accruing to the Company, the line to
Marianao (Insular Railway Co.) being finished on November
15th, last year, and the Wharf Line being opened only on
January 27, 1904, so that neither has contributed to the
earnings, but they are expected to show good results in
the current year.
By the terms of the Trust Deed securing the original First
Mortgage Bonds, the Sinking Fund commenced in the year
1904, and in addition to the $32,000 of bonds then redeemed
and canceled, the Company redeemed and canceled during
the year 19»3 $31,0t0.
Certain properties covered by the mortgage and not required by the Company have been sold and the proceeds
used in the redemption of additional bonds of this issue,
making a total of first mortgage bonds redeemed and canceled to date of $66,000.
During the year 1903 the Company was granted a franchise
for the construction of a line in the City of Marianao, and
which will be connected with and form part of the Insular
system. A portion of this line will probably be constructed
during the present fiscal year, but this will not entail any
large capital expenditure, while it is anticipated that it will
add largely to the earning power of the Insular lines.
Since your Company commenced the construction of the
system, it has met with many ditliculties of a varied charac
ter, some of which have been in the nature of serious
attacks on your franchise rights; but we are pleased to be
able to report that the attacks have been successfully met,
and to day we have reason to believe the Company is more
strongly entrenched in its rights than ever. It is gratifying
to be able to report that our relations with the Government
and with the Municipal authorities are of a character entirely satisfactory.
Appended hereto please find the report of the General
Manager, the Profit and Loss Account and the General Balance Sheet.
EDWIN HANSON,
A. Marcus, Secretary.
1904.
started,
Earnings American Currency.
1903.
$72,9t<6 15
1,
To the President and Directors of the Havana Electric Rail-
1st, 1904.
To the Board of Directors of the Havana Electric Railway
January
February
March
1903.
Broadway,
New York, March
,
31,
President.
Receipts
Registered /ares
Total passengers carried
Transfers Issued
Transfers received
Tickets sold
1903.
1902.
Spanish Silter.
$1,457,772 73
23,990,764
25,757,534
Spanish Silver.
$1,219,838 66
25,675,419
28,692,301
607,432
572,405
2,149,963
1,952,472
10,824,039
25,139
Outstanding tickets
Receipts from sp eoial oar s
$914-00
$2,001-79
818,719
Total round trips, motor cars
18.717
Total round trips, trail cars
5,901,919 84
Total mileage ..
$5,640 00 Cy.
Collected for car advertising
1,390
Average number men employed....
189
Number employees discharged
93
Number employees resigning
Amount tines
colleoted
$724-75
$993-88
697,896
72,282
-.
5,186,847-14
......
The accidents occurring during the year were not of a
serious nature, with but few exceptions, and were not as
great in number as might be expected from operating a
tramway in narrow streets.
Mfg. Co.
In the early part of last March the Niles Car
made its first delivery of cars—an order for fifty having been
placed in 1902. The heavy traffic and shortage of cars made
it necessary to operate the original 110 cars almost continually, so that they were greatly in need of a thorough overhauling when the new cars arrived. When this repair work
was begun it was found, with but few exceptions, that the
cars had to be entirely rebuilt, the corner posts and side-stays
having rotted out. This necessitated adding more machinery
to our carpenter shop and machine shop. This was done,
and there have been turned out, completely rebuilt and repainted from three to four cars weekly, and your Company
is now in position to completely construct any new cars that
may be required in the future.
Owing to the great difficulty experienced in keeping a
supply of coal on hand, the Government not permitting the
storage of coal within the City limits, a coal storage was
constructed just across the Almendares River, in Carmelo.
spur track was run from the Insular Railway Company's
line on a point of land between the ocean and the mouth of
the Almendares River, where a trestle was erected and the
&
A
necessary coal-handling machinery installed. Your Company is now in a position to keep a sufficient supply of coal
on hand.
The extending of the Jesus del Monte Line from the old
car barn to La Vibora has done much for that part of the
city. Real estate dealers have taken hold of property in the
vicinity of Vibora, laid out streets, put in water, constructed
sidewalks, and in some cases constructed dwelling houses,
all of which has had a tendency to attract people to live in
Vibora and has greatly increased the value of property. In
addition to this, many people go to Vibora on holidays, also
Sundays, as it is situated on one of the highest hills surrounding Havana, it is always cool, and the view overlooking the city is very attractive.
The San Lazaro extension was greatly appreciated by the
Havana (public, making it [possible to go from the City to
:
Apr.
THE CHRONICLE.
23, 1904.]
the University and Mercedes Hospital by oars instead of
using the stage-?. The students use this line in going to and
from the University daily and people are now able to reach
the hospital quickly, cheaply and in a most comfortable manner. This line, called the 23d St. Line, also runs to the Cemetery and affords another means of reaching a place where
large crowds are accustomed to go each Sunday and holiday, thus relieving the congestion on the Vedado Division
considerably. People returning from the Cemetery are enabled to do so by the 17th Street Line or 12th Street and the
Vedado Line.
Traffic on the Insular Line has not been quite as heavy as
The
expected, owing to several unfavorable conditions.
weather has been exceedingly cold and disagreeable since
the opening of the Insular Line on November 15th; the line
does not enter the City of Marianao, so that people wishing
to reach Havana by electric cars have to walk some distance,
and as yet the Company is not in a position to handle freight,
owing to lack of freight cars and terminal station.
At the beginning of the year 1903 your Company had
reconstructed, constructed, and had in operation 37*91? miles
of track, and during the year 1903 the following additions
were made
From Switch Point
Assets—
Cash on hand and with Bankers
Materials on hand
Fuelonhand
Long-Term Insurance, Prepaid
State and Municipal Taxes, Prepaid
Deposits made as Securities
Insular Railway Co Stook account
'•
"
"
Construction aooonnt
,
Due by Sundry Debtors
$20,085,267
46,700
216,033
178,930
6,175
10,510
725
5,435
2,700,000
134,948
68,071
08
00
93
9
00
75
00
66
00
00
60
*•
at
Empedrado and Augular
Streets,
via Empedrado, Caba, to Switch Point at Sol St ...
2,674*84 Ft.
From Switch Point at Chacon and Agui<«r Streets, via
Chacon Cortina de Valdes, Tacon, O'Reilly, to Point
of Curve at 8an Pedro Street
2,36804 "
From Switch Point at Mercedes Hospital via 23d Street
to Switch Point at 12th Street
7,72085 "
From Switch Point at 1 2th and 17th via 17th to Switch
Point at 17th and Linea
8,49584 «
52160 "
8an Franoisco 8treet. f rom Neptuno to San Lazaro
.
Espada Street, from Neptuno to San Lazaro
Marianao Line, from Switch Point at Carmelo Barn to
end of Liue at Marianao, lnoludlng all Turnouts and
61175
.
Switches
Track into Coal Storage on Mariana-) Line with
Branches
"
27,949-55 "
all
4,073*07 "
Total Construction Completed 1903
54,415*54 Ft.
or a total of 10305 miles, whloh, added to 37*917 miles,
gives a total mileage of track belonging to your Company of
48*22 miles.
In addition to the above, an elevated structure of approxifeet, extending through the Custom House Yard
in the City of Havana, was nearly completed.
All of which is respectfully submitted.
G. F. Greenwood,
General Mario gtr.
mately 1,739
BALANCE SHEET
Properties
Treasury Stock
1503
1903.
Liabilities—
Stock
Preferred Stock
Common
$7,500,000 00
5,000,000 00
Funded DebtFirst Mortgage Bond 6
out-
standing
$1,152,000
Less First Mortgage Bonds
redeemed on account of
Sinking
Fund
66,000
First Mortgage Bonds
Second Mortgage Bonds
Consolidated Mortgage Bonds
$1,086,000 00
82,000 00
6,983,306 67
8,061,306 67
Accrued Interest of Funded Debt
Outstanding Coupons
Outstanding Tickets
Unolaimed Wages
Dividends of the F. C. Urbano y Omnibus de la Habana
Insular Railway Co. Dividend account
"
"
" Bills Payable
Due to Sundry Creditors
Profit and Loss aocount
168,844
6,547
1,214
2,235
490
2,600,000
59,500
52,113
545
47
36
29
76
80
00
00
54
02
$23,452,797 91
$23,452,797 91
PROFIT AND LO88.
To balanoe brought forward Jan.
1,
1903
Interest
Taxes and rents
Operating expenses
Balanoe carried forward to 1904
$48,279 78
396.502 26
15,938 48
641,832 48
545 02
By
$1,061,729 34
22,779 30
18,589 38
traffic receipts
Sundry receipt s
Profits from operation of stage lines
$1,103,098 02
$1,103,093 02
Jan.
1,
1904.
By
~
balance
A.
New York, December 31,
Virginia Carolina
MARCUS,
Treasurer.
1903.
Chemical Co.— Official
$545 02
Statement.—
A circular under date of April 11 says in substance:
Your board of directors, realizing the importance of having additional cash capital, recommend to yon an increase of 18,000,000 [to
$20,000,000} la the authorized preferred capital stock, and a present
issue and sale of $6,000,000 thereof, as proposed In the notloe of the
speolal meeting of stockholders called for the 18th day of May, 1904.
Your oompany has always required extensive working capital, by
reason of its large purchases of raw material, the time required to
oonvert the same Into marketable prodnot, the fact that the sales are
mainly In the spring and the payments therefor are not received by
your oompany until fall, and these necessities have steadily Increased
with the increase In the business of the company.
At the close of the fiscal year ending June 15th, 1903, the tonnage
sales had lnoreased 26 p. c, and np to April 1st of this fiscal year the
value of the goods shipped has been 9 p. o. more than for the corresponding period of the previous fiscal year. This constant lnorease in
the volume of business has, for the reasons stated, been a serious
souroe of embarrassment to your oompany within the past year, when
the stress of financial conditions made it neoe*sary to obtain money
from other than usual sources, at a high rate of interest and upon unfavorable terms. This experience emphasizes the necessity of an
lnorease in the working capital, If the oompany is to avoid snoh crises
in the future.
It la oar belief that, even In normal times, the dividends on the additional preferred stock, now proposed to be Issued In order to oonvert
Into permanent oapltal existing Indebtedness, will not exceed the expense heretofore met by It through the borrowing of money at current rates, the necessity of keeping large balanoes in bank, and the
acceptance at times of loans In advanoe of aotual requirements. Your
board believes that. If $6,000,000 of preferred stook be Issued, as proposed, it will furnish the oompany funds whloh will pay off the outstanding loans oontraoted in the emergencies of last August and
secure to It a capital requisite for its present current purposes.
For future additions to property or oapltal, there will remain $2,000,000 of authorized preferred stook, whloh may be issued from time
to time by the board if and asneeded. bat not more than $400,000
thereof In any fiscal year, unless otherwise permitted bv a vote of the
holders of a majority of the company's outstanding stook.
If the increase be authorized by the stockholders, all the
stockholders of both common and preferred will be entitled
to subeoribe, at par ratably, to the proposed issue of sixty
thousand snares, approximately 15 p. c. of their holdings.
This will make outstanding $18,000,000 of the total authorized issue of $20,000,000 preferred stock,—V. 78, p. 1451.
Winchester (Ky.) Water Co.— Sale May
The foreclosure sale is advertised for May 14 at the pumping station,
i% miles southwest of Winchester, under order of the
United States Circuit Court for the Eastern District of Kentucky in suit of American Loan
Trust Co. of Boston,
trustee, under mortgage of 1891.
U.—
&
Tampa Anthracite Coal Ce.— New Enterprise.—This comis now acquiring the anthracite
pany, "whloh has been and
Routt County, Col.," is offering a limited
of its $1,000,000 7 per cent preferred stock at $60 per
share; par value, $100. The common stock is $1,000,000; no
bonds nor mortgage. The company claims to control 20,000
acres, of which 4,000 owned in fee.
The company's office is
in tbe Equitable Building, St. Louis. Officers: J. L. Green,
President; L. M. Rumsey, VicePres. and Treas.; Edwin
coal
fields of
amount
Harrison, Sec'y.
—The Haxiig-Scotten Company of Chicago, with $500,000
capital stock, has been incorporated to transaot a general
brokerage and commission business. The offices of tbe new
company are on the third floor of the Chicago Board of
Trade Building. John F. Harris and 8amuel C. Scotten
Co.
were general partners in the late firm of Harris, Gates
&
Besides these two, the other incorporators were Joseph G.
Snydacker and Theodore C. Cunningham.
—The Corporation Trust Company, with offices in Jersey
City and New York, has lately been appointed transfer
agents in New York and New Jersey for the Otis Elevator
Co. and the Rubber Goods Manufacturing Co.
—Coupon No. 2, due May 1, 1904, from the first mortgage
*H P- c. gold bonds of the Buffalo & Susquehanna Railway
Co. will be paid at maturity at the office of Fisk & Robinson, 35 Cedar St., New York City.
—At a meetinc of the board of directors of the Washington Life Insurance Company, held April 12, Graham H.
Brewer was elected Vice-President of the company. He will
continue to perform the duties of the office of Secretary.
.
THE CHRONICLE.
504
1
.
.
[Vol. lxxviii.
COTTON.
©owwjemal 'ghncs.
COMMERCIAL EPITOME.
%\xc
Friday Night, April
as indioated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have readied 55 415 bales,
against 29,413 bales last week and 40.133 bales tne previous
week, making the total receipts since the 1st of 8ept., 1903,
6 826,575 bales, against 7,231,434 bales for the same period of
1902-3. showing a decrease since Sept. 1, 1903 of 404,859 bales.
Friday Night, April 22, 1904.
Over a large area of the country cold, backward spring
weather baa been experienced, and complaints have been
heard in
many
of business.
lines of trade of the unsatisfactory condition
Receipts a'—
Retailers have been slow in ordering stccks of
Jobbers
have been slow In withdrawing supplies from manufacturers on their outstanding contracts,
and new business has been quiet. At the close, however,
there were indications of more seasonable weather, and an
improved condition of business is anticipated. Reports from
the iron and steel trades have reported hesitating markets.
Advices from the interior have reported crop preparations
backward owing to the unfavorable weather. Southern advices have continued to indicate a larger acreage planted in
cotton than last season.
Lard on the spot has been steadier. It was learned that
Germany has been a large buyer direct from the West for
April and May shipment. The close was steady at 6-95c. for
prime Western and 637)£c. for prime City. Refined lard has
been in moderate demand, there being a better export business, and prices have been firm, closing at 7 '10c. for refined
Galveston
and
Sab. Pass, Ac
New Orleans.
dealers, therefore,
47*
665
6
647i«
650
650
6-571*
6-75
. .
Tot
July
Oot
.«.
..
6-30o.
6 45o.
6-550.
I
I
I
Nov
7
567
1,159
250
1
29
4
8
1,292
11,843
302
302
2,956
21,027
4
128
4,016
4,016
8,583
268
292
200
34
200
11
11
352
864
290
168
3.500
70
331
91
94
723
1,506
2,182
2,394
75
81
8,645' 12,060
6,203
10
2
292
376
1,326
377
415
44
539
25
8.633'
168
386
427
43
95
427
319
554>5
S.015 11.859
1
1902-03.
1903-04.
to
8tock.
Since Sep.
1, 1903.
This .Since Sep.
week.
1, 1902.
11,843 2.275,628
302
99,804
New Orleans 21,027 1,872,923
MobUe
128 191.S01
P'saoola, Ac.
4,016 130.516
Savannah...
8,583 1,098,821
Br'wlck, Ao.
120,760
Charleston..
292 153,212
P. Royal, Ao.
200
1,278
Wilmington.
34 320,936
Wash'n, Ao.
336
Norfolk
3,500 453,250
N'portN.,Ao
18,242
168
New York..
12,987
2,182
Boston
25,656
2,394
Baltimore.
427
25,906
Phlladel.Ao.
319
13,019
28,924 2,001,575
697 133,290
26,509 2,136,147
1,664 203,584
151,600
1,723
9,014 1,263,483
3,498 127,020
536 208,560
This
week.
April 22
|
Totals
55.415 6,826575
1
1904.
1903.
|
Galveston...
Sab. P., Ac.
6'67*a
19,847
52,762
217,765
3,963
154,721
6,479
36.266
7,207
4,937
49,006
1.672
4,296
6,345
5,640
6,292
5.237
243
328,797
387
474,600
21,643
28,806
89,139
39,035
23,525
22
478
5.613
523
282
2,801
437
164
82,785
100
206
99,356
24,000
753
69.9C7
33,000
4,914
1.233
3,065
428 0641
390,905
In order that a comparison may be made with other yeare,
the totals at leading ports for six seasons.
we give below
Receipts
at—
1903.
1904.
Galves'n, Ao.
Savannah...
12,145
21.027
123
8,583
Chas'ton, Ao.
Wllm'ton, Ao
492
34
New
Orleans
Mobile
1902.
16,455
23,381
2rf,621
26,509
1,564
9,014
558
478
1899.
1900.
1901.
23,199
22,182
395
372
656
7,165
12,090
7,624
748
655
761
829
171
4,945
3,688
21,982
23,644
1,352
4,680
1,276
20
9,349
8,442
8,408
6,613
N. News, Ao.
All others...
3,500
168
9,338
1,626
2.744
523
218
8.905
5.855
7,756
186
9,814
6.58Z
wk.
55,415
82,785
58,537
72.2V10
39,848
71.179
Norfolk
700c.
Raw sugars have been firmer, itfluenced by stronger advices from Europe on beet sugar, closing at 3 19 32c. for
centrifngals, 96 deg. test, and 3^c. for muscovado, 89-deg.
test.
Refined sugar has been in slightly better demand,
closing firm at 4*45@4 60c, less one per cent cash, for granulated.
Teas have been well held.
Kentucky tobacco has been firmly held. Wf stern advices
have reported a fairly active and higher market. Seed-leaf
tobacco has been steady. There has been a limited inquiry
for old Pennsylvania broad leaf, and there has been some call
for Zimmer Spanish. New crop Sumatra tobacco has been
in fairly brisk demand at firm prices. Havana tobacco has
had a fair sale at foil values.
moderate amount of business has been transacted in
Straits tin and prices for the week show only a slight change,
closing steady at 2790@28-10c. Ingot copper has been steady
at unchanged prices, closing at 13i£@l3 yC. for Lake and
13^@13>^c. for electrolytic. Lead has beeu without changes,
closing at 4*60@4-65c. Spelter has held steady at 5 20@
Pig iron has been in less active demand prices have
5'25c.
not changed, closing at #15 00@15 25 for No. 2 Northern and
$13 75 for No. 2 Southern.
Refined petroleum has been steady, closing at 8'40c. in bbls.
ll'lOc. in cases and 5'50c. in bulk.
Naphtha has been unchanged at 12-400. Credit balances have been unchanged
closing at $1 65. Spirits of turpentine has been in light supply and steady, closing at 58@5«3^c. Rosins have been steady
at $2 80 for common and good strained. Hops have been dull
and slightly easier. Wool has been in fair demand and
firmer.
1
742
.
week
this
Receipt!
6 65o.
6 750.
»eo
March
2,246
Total.
The following shows the week's total receipts, the total since
1, 1903, and the stocks to-night, compared with last year.
Brazil grades of coffee have had a moderate distributing
Offerings of the so-called "commercial grades" have
continued light, reflecting small available stocks, and prices
have been well maintained, closing at 7}^c. for Rio No. 7
and 8c. for Santos No. 4. West India growtna have been
in full supply, but they have not been forced for sale and
prices have held steady at 9c. for good Cucuta. Speculation
in the market for contracts has been qaiet. Neither bull
nor bear interests have been aggressive, and only slight
changes have occurred in prices. The close was steady.
Sept....
4,298
iri.
Sept
sale.
Aug
2,808
3.850
Ac
Phlladelp'a,
Western.
595n.
6 200.
6,978
9
Thurs.
1,997
Wash'ton.Ao.
Norfolk
N'p't News, Ac.
New York.
Cheese has been slightly easier, closing quiet at
for 8tate factory, full cream. Freeh eggs have been
in full supply, but the close was steady at 183^@19c. for bt st
5*95c.
|
809
2,49*
2,774
7
Wilmington
8@ll^c.
April
1,014
Wed.
1
Pt. Royal, Ao.
creamery.
May
100
Brunsw'k, Ac
Charleston
6-67 *
665
6671*
675
Pork has been in moderate demand and the close wa
steady at $13 50@14 for mess, $13 50@14 SO for short c?ea r
and $14(314 50 for family. Cut meats have held steady; business has been moderately active, closing at 6^c. for pickled
bellies, 9J^@10c. for pickled hams and 6%@7J^c. for pickled
bellies, 14«« 10 lbs. average.
Beef has been quiet and featureless at $3 50@9 00 for mess, $10® 11 for packet, $11@12 for
family and $18@14 for extra India mess in tcs. Tallow has
been qniet and unchanged, closing at 4%c. Stearines have
been dull and easier, closing flat at 7c. for lard stearine and 6c.
for oleo stearine. Cotton seed oil has declined, but the close
was steady at 80^@31c. for prime yellow. Butter has been
in fairly active demand and steady, closing at 18@22^c. for
Jolyael'y
1
1,775
Mobile
Pensaoola, Ac
for the Continent. Speculation in lard for future delivery
has been moderately active, and prices have advanced slightly
on reports of a better cash business. The close was steady
DAJLT OLOUira PRICES OF LABD FDTDBHS M CHICAGO.
Hon..
Tuet.
Thun. Jfri.
Wed.
Alt.
del'y-
3,402
.
Tuet.
Mori.
Sat.
seasonable goods, dne to the unfavorable weather.
May
22, 1904.
The Movement of the Crop
Tot. this
294
81noe Sept. 1 6826,575 7231,434 7073,30ol6759,98S 6192,760
The exports for the week ending this evening reach a total
of 111,890 bales, of which 82,983 were to Great Britain, 8,600
to France and 25,357 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1. 1908.
Week Ending Apr.
from—
Great
|
|
Brtt'n.\
Galveston....
Sab. Past, Ac.
New Orleans..
A
Savannah
Bronswiok
Fran6e
\
lotal
Great
Week.
Britain.
10.199
6,078
3,571
11,808
64,977
660
660
4,012
1,012
10,688
8,088
18,tlt0
Norfolk
N'port N.,
773.080 318.61V
17,116
680.71C 235,94!)
88,122 16,308
12.039 18,691
181,087
66,291'
Continent.
Total.
705.211 1,794.910
72.390
89,605
651,41*- 1,171,077
65,64f
66,064
563,00';
7,124
48,055
67,880
1.000
Ac
400
9,087
Boston
2,788
Baltimore....
Philadelphia.
San Fran., Ac.
9,015
400
M
180
106
869
9,192
1,200
1.200
2,844
2,371
988
Total
Total. 1909 "S
Franct
84.801
....
New Tork
I
1, 1908, to Apr. 22, 1901
Exported to—
Sept.
ntnU
Charleston...
Port Royal....
Wilmington...
;
From
Vonti-
6,67d
Mobile
Pensaoola
:!
VI. 1904.
Exported to—
Exports
I
988
82,933
8.600
16.106
4 a8
800
201,372
87.312
61,005
29,316
97
6,85<
200
24,484
934,15b
86H
117,078
180,764
799,843
91.925
13.056
308.688
2.066
1.326
1,926
182,020
36,901
867,882
93,083
89.906
2,916
11,017
32,262
11,041
5,771
25,867 lll,h90 2,2G5,W¥9 66P.3M) 2,S2H,21» 5,154,559
Wfl-'l
1
'«.««« S,H3'..P- 781.3 3 9,'T«7.»
l
'«
«.1*0
7*'»
.
9
,
:
THE CHRONICLE.
Api;. 23. 1904.1
In addition to above exports, oar telegrami to-night also
give us the following amonnta of ootton on shipboard, not
add similar figure* for
cleared at the porta named,
Hew York, whloh are prepared for our special use by Messrs,
1505
— Highest, lowest and closing prices at New Yora.
Futures.
*
**
ft
oscg ^sog gscg Qso asct
We
Lambert
SboSo 72 a So Sop
1
* Barrows. Produce Exohange Building
OH SHIPBOARD, HOT OLBARHD JOB—
April 22 at—
Ltaiint
Other OoattBritain JTr'nee many. for'gn %oitt.
Brtat
Btr-
i!
fed
1
New
Orleans.
Galveston.. ..
Savannah..
16,975
4,824
2,307
C360
8,900
3,800
100
..
23«
338
34.780
9,062
1,000
1,000
182.985
10,785
36,206
2~666
1.800
New York
Other ports
.
Total 1904..
Total 1903..
Total 1902..
25,599
26.688
31.455
"200
i",8o"6
4,300
9,200
2,807 12,460
5,878
55,442
9 9i2 22.977 21,695 8,575 89.887
5 846 42.204 18.206 10,905 108,616
0'50 off
Low Middling
014 ofl Low Middling Tinged.
Low Middling
....... 0*88 off Strict Good Ord. Tinged... 084 ofl
Btrlot Good Ordinary ..... 0-72 off Middling Stained
050 ofl
»ood Ordinary.... ........ l-oo ofl Strlot Low Mid. Stained... 106 ofl
Btrlot Good Mid. Tinged.. 080 on Low Middling Stained.. ... 1 50 ofl
this basis the official prioes for a few of the grades foi
week— April 16 to April 22—would be aa follows.
the past
Sat.
Itton
Tues
Wei
Th. Frl.
1300 13 10 1315 13-15 13 00
1402 13-62 13*72 1377 1877 18 62
Good Ordinary.
13-40
Low
Middling..
Middling
Good Middling.
Middling Fair..
14 40 14 00 14 10 1415 14 15 14 00
1* 84 l«-44 1*54 1459 1459 14-44
15-36 14-96 1606 15-U 1511 14 96
GULF.
Sat.
ITIoii
Tnes
Wed
Th. Frl.
1365 13-25 13 35 1840 1340 13 25
1427 13-87 1*97 1402 14-0* 13 87
1465 14 25 14-35 14 40 14 40 14-S5
15 09 1469 14-79 1484 14-84 14-69
15-61 15 21 1531 1536 15-36 15-21
Good Ordinary.
lx)w Middling..
Middling
..
Good Middling.
Middling Pair..
.
STAINED.
Sat.
Low Middling
Middling
Strlot Low Middling Tinged...
Good Middling Tinged
fllon
Tnei
Wed
Th. Frl.
12-90 12-50 1260 1265 12-65 12 50
13-90 13-50 13-60 13-65 13-65 13-50
1406 1366 13 76 1381 13-81 13-66
14-40 1400 1410 1415 1416 11400
The quotations tor middling upland at New York on
April 22 for eaoh of the piet 82 years have been as follows.
1880....0 ll 7s
1904. ...0.14 00 1896. ...0. 8
1888. ...0. 9%
11 »s
1879
1903
1045 18*5...... 6is ia 1887. ,_..10°8
10%
1878
1902...... 9»a
1894
1886
. 9H
7»i«
116 ia
87 16
1877
1901
1893...... 713,. 1885..—. 10^
1876
13H
1900 ... 9i- 16 1892
1884
ll'e
73s
6I4
10*4
1876
163s
8?e
1899
1891.
1883
17»«
12*4
1874
67 ie
1898
1890..^..11»3 18 1882
101B 16 1881
1873
190s
10*
1897...... 77 16
1889
Note.—On Oct. 1,1874, grades of ootton as quoted were changed.
Aooordlng to the new classification Middling was on that day quoted
._
*30.
lower than Middling of the old olasslfloatlon.
MARKET AND SALES.
The total sales of ootton on the spot eaoh day during the
week are indicated in the following statement, For the
convenience of the reader we also add columns whloh show
at a glance how the market for spots and futures olosed on
same days.
Spot Market
Closed.
PtJTUBBS
Mabkbt
Olosed.
Saturday .. Quiet
Quiet........
Monday.... Dull, 40 pts. do. -Heady
Tuesday... Unlet, 10 pts. ad
Wednesday
Dull, 5 pts. adv.
sxlbs o» Spot
<fc
oobtbaoi
Ex-
Oon-
0»n-
port.
itwmp.
tract.
1,207
1,660
Thursday.. uaiet
St'dy, 15 pts. dc
2. s"7
200
156
50
83
100
619
1,208
2,800
Cotm,
1.407
2.956
50
1,083
1O0
600
1,819
3.4 00
7.415
1
9
MO eta
© cu c©
9
1
l
00 »j
9
I
i
o. tx
I
I
9
I
I
I
301.018
506,080
Strict
UPLANDS.
1
372,622
Speculation in cotton for future delivery has been on a
moderate scale only, and there has been a gradual sagging of
The reports of the dull condition of business in the
prices.
cotton goods trade and tha slowness of the demand from
domestic spinners for actual supplies of cotton have operated
against values. There has been some bear pressure in the
speculative market I and under this selling prices have
yielded. The movement of the crop has continued to run
considerably smaller than at this time last year, and the
strong statistical position is steadily improving. There also
has been a moderate amount of cotton hedged in the Liverpool market, and the fact that it has been possible to sell
cotton profitably in the foreign markets against purchases in
this country has been a factor holding the decline in prices
in check. To-day there was an easier market in response to
weaker advices from Liverpool. Weather reports from the
South were reported more favorable for the new crop, and
this, too, had a bearish influence,
The close was steady at a
net loss for the day of 5@10 points. Cotton on the spot has
been easier, closing quiet at 14c. for middling uplands.
The rates on ana on middling, as established Nov, 18, 1908,
by the Revision Committee, at whloh grades other thar
middling may be delivered on oontraot, are as follows,
fair.....
*». 1'30 on Good Middling Tinged ..0. Even
Middling Fair .._„. ...... 0-96 on Strlot Middling Tinged
06 ofl
0-62 on Middling Tinged
Btrlot Good Middling
12 ofl
0-84
0'44 on Btrlot Low Mid. Tlnred...
ofl
Good Middling
On
i!
o
o©
©
cc-J
to
9
MM
+** *>
il
3
1
to
i» CC
OS to
toto
tCOs
©•J
©to
•
%
tc to
CT 03
*>•*>•
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<]00
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0. *•
toto
cc«i
I
'
I
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3,963
1,993
95,356
87.338
4.300
4.000
2,300
500
1
1
4,9 S7
Oiiarleston...
Mobile
Norfolk
i!
ttoek.
Total.
9
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Ihb Visible supply of Uotton to-night, as made up by
able and telegraph, is ac follows, Foreign stocks, as well
u 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 ror to-night
(Apr. 22), we add the item of exports from the United States,
ooiuding in it the exports of Friday only.
ex
to
1904.
1903.
1902.
1901.
3100* at Liverpool
.bales. 674,000
746.000 1,086,000 788,000
r^ndftw
9ton* at
,,
10,000
12 000
8,000
10,000
Stock at Manchester....
56.000
49.000
Total Great Britain stock. 640,000 8C,000 1,094 ooo 796,000
•took at Hamburg
_..„„ 13000
12 000
14 000
18.000
(took at Bremen .... .......... 326,000
329,000 211,000 252 000
itoek at Antwerp
4.000
5 000
4 000
6.000
itook at Havre
205,000 163,000
213.000 221,000
Itook at Marseilles
3000
2 000
3,000
4.000
M
Itock at Barcelona
25,000
46,000
53,000
29,000
38,000
took at Genoa.... ........ ....
25.000
31,000
41,000
s.ooo
9 000
4000
nock at Trieste . .^*. ..
10,200
Total Continental stocks.
614.000 662,000 625,Oi>0 523,200
ratal European StOCkB_M l,254,000 1,469,000 1,619,000 1,319,200
indla ootton afloat tor Europe 244 000
167,000 122.000 147,000
amer. ootton afloatiorB'rope. 178,000 232,000 218.000 310.000
28,000
67.000
43.000
lg7pt,Brasll,oVo.,aflt.for£ rpe
35,000
Stook In Alexandria, Egypt... 203.000
97,000 170 000 177.000
,
,
.
.
Mookln Bombay, India
a 386.000 731,000 598.000 574,000
Stock In United States ports.. 428,064 390,905 614.696 704,516
305.781 607.2*6
184,203
•took In D.S. Interior towns.. 225,575
3.83 3
5.532
34,392
anited States exports tO-day. .
24,007
Total visible supply
2.97 2,646 3,333 640 3,719 869 3.770,790
Of the ab«Te, totals of American and other descriptions are as fouo w t
Anxtruan—
469.000 656,000 965,000 674,000
49,000
56,000
Continental stocks......
556,000 619.000 488,000 461000
,.
amerloan afloat for Europe. .. 173.000 232,000 2 3,000 315.000
614.696 704.516
390. a05
Jnlted States stook.
...... 428.064
184,203 305.781 507,236
CJnlted States Interior stooks. 225.575
31,392
3 838
5.582
24.007
inlted Statesexportsto-day
Total Amerloan
1,931,646 2,136,640 2,020,869 2,860,590
Matt Indian, Brauil, dc—
_
112,000
90,000 121,000
105,000
Liverpool stock..
10.000
8.000
12,000
10,000
London stock
62 200
37,000
43.000
88,000
Jontinentai stooks.... „,,
244 000 167,000 122.000 147,000
India afloat for Europe .
,,
28,000
43 000
67,000
35,000
•gypt, Brasll, Ac. afloat
97,000 170,000 177,000
stock in Alexandria, Egypt... 203 000
731,000 598,000 574 000
itook In Bombay, IndU..._„ 33b 000
1.04 1,000 1, 197.000 1,099 000 1,110,200
Total East India, *o._
1,931,646 2,136 640 2.620 869 2.660,5 90
Total Amerloan
9Q79 "** 3,333.640 3,719.869 3,770.790
Total Visible "rr'T
*-i«ad.
5-44d.
6H&.
7-tfOd.
SUddllng Upland, Liverpool..
8Bi«o.
9Ui 6 o.
10-50o.
14-00e.
Hlddliner Upland, New York..
6%d.
9i*d.
6X»d.
9Hd
gypt Good Brown, Liverpool
7Ud.
7d.
8-40d.
Peru ». Bough Good, Liverpool 10-aod.
43814%d.
5d.
7»«d.
Sroaoh Fine, Liverpool..
4i3 16 d.
46 16 d.
5d
7d.
Liverpool stock
bales.
Manchester stock......
>
_
_
,
M
.
._
stook for 1908 now inoluded.
tjr Continental Imports pa«t weea have oeen 63,000 bales
The above figures for 1904 show a decrease from last week
of 48,100 bales, a decline of 360,994 bale from 1903, a decrenee
Note —Manchester
of 747,223 bales
from 1902 ^nd a
loss of 793,144 bales
from
1901.
—
-
.
movement— that
the
receipts for the week and since Sept. 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1902-03— is set out in detail below.
At the Interior Towns
the
*
5-1
P
*
©
i
©
is
ii
<
ft 0"
if
'
O
2
"
2? ©§
P
SO *
~ 3 P crS-o
.•?.io
-
pF
P -» ^ ©
o
j
a
•
Sb: EP
*3
go.
» - « « «
s
a
-3
O
Q
H»
o
-w
*o
M
o
i-i
CD
PI
•ssHH
-o>2
closing quotations fob middling cotton
'
Mobile
sat
..
Charleston
Wilmington.
Norfolk
V>
-
>-
1
*.
M
I—
©wcoh
w
H>
00
o^«^)W
to
w
©-
o»;
eo^
V O t3 O
® — -^jccyictcoeoaaKioi
©. >JU
:
-J DC C. tO
t-1
•
M — GSOO'
tCODOiOOOS^IODI-'*]
14
14
14%
1410
1415
14%
1415
1400
14-25
14-65
14-00
14-25
14 00
14-40
14-<0
14-40
Augusta
14 7 16
14
14
14
14!*,
143s
146s
14%
14%
14%
13%
14%
14%
14%
13%
14%
14%
14%
13%
Louis
14»4
14HJ
14ie
14>*
14i«
14-25
14
14%
14%
i*3"%"
14%
Natchee
14
Raleigh
13%
Slirevepo*
14%
14
Nashville
New Orleans Option Market.— The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
m
CtOtOtO
143, 6
Louisville
Montgomery..
.
...
it*.
*>.
— TOW*.
CR#-tO*.
«j»«wcO"'O00tto©h- — *os^o>c*wci:<ioD*>.OiN"wa>i^iftoo»ati
0«-i-'eooiCi5»c<:o6tcwc»tco5xa>Qo06aoccO'tcifi H-i-'<ii-'eoocOK-JO
May-
oooo
OWi^oso<i>-'«jo«o>o»)'-<ooDO»-'a>«i«too;0505«oOr-^oowo<J
—» m y
to
to
CO to
M MO CO V(-"l^*-0»W« CO to
aocOK>©co-i©totoaoc»co*©»©©0>weo«iL-tO>-'»lif'<Io>
w
cd'ji t-1 od
14
14%
Baltimore...
Pbiiadelph'a
.
aocoao©<i©;
- o> m^ m
eDWCOCOlf'OOWWMOlOOUlt^.W.-h-©. (©c^oiao
tft
14
14%
14%
to
to
14
14%
14-00
14 00
14-35
14
Columbus, Ga. 13%
Columbus. Mi.- s 14
,
-3
143g
14%
14is
141fl
Atlanta
tOOCtO»U<«<l*-i(»-MW©M(X>ifkH'Oi;*0«<llf».©«l©tOC>- 01©Ol|^05tO
Ml-11
14%
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
^*&<Z*OCDxa> + ua>a><?o>G>Pz*#-p&>?'& + - ©cow woo 005000
'Vjcoo — "to •-/to'to**- '•jODHaVii' "cob o'J-i'ikflD'^.ViboV ***•» Vie? »o> ©
to*-
143,8
14»„
1440
Houston
Little Rock
HktnifcCOttXlMOiaiCCOll-'
qC0»-'«aCO>-'i-'t-'(->»-'l->CO<»«aa<-5«3a«l^5O
143,g
143,8
143,8
14%
1440
.
m^ji^oo «*©»-' to coco* osiftow^c*;
to^towoo©*! o»e*» o*-wooiei(M»aD#.coo<to.
to »
143i«
1<(
14».«
1438
143s
Boston
Memphis
«0;
Monday. Tuesday. Wed'day. Tkursd'y Friday.
day
14'-'
.
...
Savannah
St.
on—
i
Galveston.
i-t
S2«
d
New Orleans
<1
B
X
—
April, 22.
*
[Vol. lxxvui.
Quotations for Middling Cott >n at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week
a
^2
"JK5G
53 © o
to
.
.
thp: chronicle.
150<>
aits
..
>-•
to
CO 00
0*
Rang6
Sat'day,
Monday, Tuesday, Wed'dav, Thursd'y Frxday.
Apr. 16.
Apr. 18.
Apr. 20.
Apr. 19.
Apr. 21
Apr. 22.
i
..
1417-42 13-73-13 1378
-99 13 92--12
1400 19 13»9--04
1412
114-02- ^3,14-03-05
Closing.. 14-32--33 13-74--75 13-90-91
July
Range
14-65--89 1415--53 14-21--46 1436--59 14-45- «5 14 31-46
1419--20 14-38--39 14-58- '59 1445- -47 14-45!
Closing.. 14-75--76
i^
August—
«jwaoao
~itoMif>.aoo<^osi«'M^«)eooo*.o^i»'OtOMif>-co<itocoeo<iacni^6:
13-66--80 13-20--59 13-35-44 13-45--60 13-<l--66 13-41 --49
jlS-24-25 1343--44 13-59--60'l3-50--51 13-48--49
Range
Closing.. 13-74
M
m"»
oo
m
to
as
to
M^tOOOtOMOOCOfOOI-'aOCJ>0006-l<J05COO
Octob'e—
Range 11-60-74 11-44--60 11-45--55 U-46--60 11-51--65 11-43--48
>-
to
*»C5C*O0©00t0l*»©aitOH'
.
Closing.. 11-72--73
-
Vac<i<)050 3>Vo"oi^»5"rowV— lorfk^aooo Tr>«>ooovja)'ic>'toV'ei"-T to<)
O>»«3-*Cai-'l-'U 03CD0S-JH'^]©CJ<— C505O»©e0t0C0<-l-'M*n-'©W<©:0
-j<iO<k ^io;aDCooDMi^cny>o:<;0<>-03too<^iCU'^<i-ja)U<ooooti-lQO
Dkc'ber—
Range 11-50--60
,
.
Closuig.. 11-55--56
to
w o
I?
10"
tOM
;
hacofe*
COO«COiOtO^Iit«-~JW<J"-COO©«JO»)OWOOCOOl^OO'5:l-'tOOOtOlo;
t3 co(-'OOOwo«Jotitoo'to--ioooa>o<oweo-jo«ooooi-'«>.aco
.*3
tOOl
•aaMTwcooui-'M-coirocoaa
M» M
tO
to
'J3
tow
Tone—
Spot...
Options
-3 05CJI-J
Quiet.
Quiet.
11-46-47 1148--49 11-57--58 11-50--51 11-46--47
11-31--40 11-29--40 1134--42 1139--46 11-27--32
11-32- -34 11-41--43 11S5--37 11-30--31
1131
Steady.
Firm.
Quiet.
Steady.
|
Firm.
Steady
Firm.
Quiet.
Weather Reports by Telegraph.— Advices by
h*
OMOvi'ji-^kMX
•8SS
M00<1»0 05M *^
oswtstoco'-'* o -'*»• l to
CO
to k to <» o os " a> at *> •»
T<otorj.®tcoowM'eoDOcococ500»c»Mi*'acoowo<ico-a-aoto
#» to <^ -J *^ od <~ to
to?r
M05»CO'CI-'»JMl^O<a>tOlOOOa!©^]*«i*>-I^C005t0^050001^l^.*-
Firm.
Steady.
telegraph
to us this evening from the South are, on the whole, of a
somewhat lees satisfactory tenor. The rainfall has been
light as a rule, and in Texas dry weather has been general,
show that the interior stocks have de- but the temperature has been rather low in most sections.
creased during the week 13,699 bales, and are to night 41,372
bales more than same period last year. The receipts at all the Good general rains are claimed to be much needed in Texas.
There are complaints from a number of districts that the
towns have been 36,609 bales leas than same week last year.
The above
totals
cold weather has interfered with planting, as well as delayed
Overland Movement for the Week and Since Sept. 1.
We give below a statement showing the overland movement germination and growth.
Galveston, Texas. — Good general rains over the entire State
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending of Texas are much needed. There has been no rain the past
reports Friday night.
Apr. 22 and since Sept. 1 in the last two years are as follows. week. The thermometer has averaged 61, ranging from
1903-04.
April 22.
W<ek.
Since
Sept. 1.
1902 03.
Week.
Since
Sept. 1.
54 to 78.
Abilene, Texas.—It has been dry all the week. The thermometer has ranged from 86 to 94, averaging 65.
Corpus Christi, Texas.— Dry weather has prevailed all the
week.
Columbus, Mississippi.—Average thermometer 70, highest
852
l,2f>0
84, lowest 56.
250
Brenham, Texas.— We have had a trace of rain during the
335
3,248
The thermometer has averaged 63, the highest being
week.
214
455
86 and the lowest 49.
Via other routes, <&o
2,346
3,270
Cuero, Texas.—There has been no rain the past week. The
Total gross •verland
7,486 1,075,401 19,380 1,335.824 thermometer has averaged 74, ranging from 57 to
90.
Deduct shipments—
Henrietta, Texas.— It has been dry all the week, The therOverland to N. Y.. Boston, Ac,
5,322
77,568
3,684 180,505
Between interior towns...
64
29,714
273
41,340 mometer has ranged from 42 to 94, averaging 66.
Inland, &c, from South
1,310
81,432
1,997
49,348
Dallas, Texas.— There has been beneficial rain on one day
the week, the precipitation reaching sixteen hundredths of
of
Total to be deduoted
6,696 188,714
5,954 271,193
an inch. Average thermometer 66, highest 91 and lowest 41,
Leaving total net overland'..
79
886,687 13,426 1,064,631
Huntsville, Texas.— We have had no rain during the week.
* Including movement by rail to Canada.
The thermometer has averaged 70, the highest being 94 and
The foregoing shows that the week's net overland movement the lowest 45.
Kerrville, Texas.—There has been only a trace of rain on
this year has been 790 bales, against 13,426 bales for the
week in 1901, and that for the season to date the aggregate net one day the past week. The thermometer has averaged 68,
overland exhibits a decrease from a year ago of 177,944 bales. ranging from 50 to 85.
Lampasas, Texas.— It has rained to an inappreciable extent
1903-04.
on two days during the week. The thermometer has ranged
In Sight and Spinners'
from 45 to 92, averaging 69.
Takings.
Si?ice
Since
Wrrk.
1 Ailing, Texas.— Dry weather has prevailed all the week.
Sept. 1.
Sept 1.
Average thermometer 69, highest 93, lowest 45.
Receipts at ports to April 22
65,415 6.826,575 82,785 7,231.484
Longview, Texas. We have had beneficial rain on one day
Net overland to April 22
7a0 8*6.687 13,426 1,064,631
of
the week, the rainfall being twenty-two hundredths of an
Southern consumption April 22.
42,000 1.877,000 41,00( 1.3*9,000
inch. The thermometer has averaged 63, the highest bting
Total marketed
9^,205 9,090.262 187,211 9,665,0fi5 86 and the lowest 40.
Interior stocks in excess.
13.699
218,978 *26,€09
121,125
Palestine, Texas.—The week's rainfall has been twelve
hundredths, on three days; beneficial showers. The therCame into sight durlug week. 84.506
110,602
Total in sight April 22
9.301,235
9,786, litO mometer has averaged 65, ranging from 44 to 86.
Paris, Texas.— We have had rain on one day during the
tak'gs
to
Apr.
22. 15,^32 1.989,^75 88.739 1.931.633
North, spinners'
to the extent of seventeen hundredths of an inch. The
week
* Deorease during week.
thermometer has ranged from 44 to 89, averaging 67.
Movement into sight in previous years.
San Antonio, Texas. There has been no rain during the
Bales.
Week—
Since Sept. 1—
Bales.
week. Average thermometer 70, highest 92 and lowest 48.
82,025 1901-02— Apr. 25
1902 Apr. 2*
9,541,487
Weatherford, Texas.— We have had a trace of rain on two
1901— Apr. 26
86,541 1900-01-Apr. 26..
9,27 7,815
during the week. The thermometer has averaged 67,
days
1900 -Apr. 27
59,660 1899 00-Apr. 27
8.393.114
1899-Apr. 28
84,099 1898-99- Apr. 28
10,359,167 the highest being 91 and the lowest 42.
—
Shipped
Via St. Louis
Via Cairo
Via Rook Inland
Via Louisville
Via Cincinnati
3,739
485,30s
242,297
13,513
113,641
30.891
189,854
10,912
687.633
197,*90
29,347
136,862
34,871
249,721
—
—
.
APB.
THE CHRONICLE.
23, 1904. j
Shreveport, Louisiana.— Vt e have bad rain during the
week to the extent of eleven hundredths of an inch, on three
days. Tne thermometer has ranged from 42 to 85, averaging 64
New Orleans, Louisiana.—It has been dry all the week.
Thft thermometer has averaged 71.
Vtck burg, Mississippi.— Planting: is progressing favorably.
The week's rainfall has been ten hundredths of an inch, on
two days. The thermometer has averaged 63, ranging from
42 to 82.
Columbus, Mississippi.—There has been rain on two days
of the week, the precipitation reaching thirty-nine hundredths of an inch. Average thermometer 50, highest 70 and
lowest 30.
Leland, Mississippi.—There has been no rain the past
week. Tne thermometer has averaged o7'9, the highest
being 78 and the lowest 40.
Little Rock, Arkansas.— Cold, wet weather delays planting.
Rain has fallen on three days of the week, to the extent of
thirty-two hundredths of an inch. The thermometer has
Helena, Arkansas.—There has been too much rain in the
country and the weather has been too cold for crops. But
cotton has yet been planted. The river is falling rapidly and overflowed ground will soon be dry. R»in has fallen
on three days during the week, the rainfall being thirty-nine
hundredths of an inch. Warmer to-day. Average thermometer 52-7, highest 72 and lowest 39.
Memphis, Tennessee.— The wet, cold, unseasonable weather
the past week stopped planting. "There has been rain on four
days of the week, the rainfall reaching seventy-two hundredths of an inch; now threatening. The thermometer has
averaged 51'8, the highest being 697 and the lowest 85*2.
Nashville, Tennessee.—There has been rain the past week,
the rainfall being sixty-eight hundredths of an inch. The
thermometer has averaged 52, ranging from 88 to 74.
Mobile, Alabama.—The weather has been cool and dry in
the interior all the week. Cotton planting is completed in
most sections but germination and growth are slow. No
rain here. The thermometer has rangt d from 48 to 79, averlittle
aging
67.
Montgomery, Alabama.—Cold weather and high winds
continuing throughout the week have retarded crop progress
and some replanting may be neoessary. It has rained lightly
on one day of the week, the precipitation being seven hundredths of an inch. Average thermometer 62, highest 84
and lowest 46
Selma, Alabama.— We have had rain on two days during the week, the precipitation being seventy-five hundredths of an inch. The thermometer has averaged 60, the
highest beiDg 75 and the lowest 46.
Madison, Florida.—There has been no rain during the
week. The thermometer has averaged 65, ranging from 48
to 82.
Augusta, Georgia.— It has rained on three days during the
week, the rainfall reaching fifty-one hundredths of an inch.
The thermometer has ranged from 42 to 84, averaging 57.
Savannah, Georgia.—It has been dry all the week. Average thermometer 6i, highest 87 and lowest 45.
Stateburg, South Carolina.— Cloudy and windv weather
most of the week, with cold rains, has delayed germination of
seed and growth of plants. Rain has fallen on three days
during the week to the extent of fifty-two hundredths of an
inch. Average thermometer 57, highest 83 and lowest 89.
Greenwood, South Carolina.— Vfe have had rain on three
days of the week, the rainfall being ninety-six hundredths of
an inch. The thermometer has averaged 58.
Charleston, South CaroZtna.— Rain has fallen on three
days of the week, to the extent of five hundredths of an
inch. The thermometer has ranged from 45 to 87, averag•
ing
59.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
3 o'olook April 21, 1904, and April 23, 1903.
Apr. 21,
Kew
Above zero
Above zero
Above zero
Orleans
of
of
of
Nashville
Shreveport.... .......Above zero of
Memphis
gauge.
gauge.
gange.
gauge.
Above zero o f gauge
Vlcksburg
'04.
Apr. 28, 0?.
32-6
6
191
332
210
8-5
8 7
466
46 3
165
Ellisons Fiqckes of European Cotton Consumption.—
Under ordinary oircumatances Mr. Ellison's figures covering
takings and consumption by European cotton mills for March
and the six months should have been received by cable this
week. But we have been informed this evening that Mr.
Ellison is seriously ill and is likely to be away from business
some
little
time.
Whether any arrangements have been
to compile the figures during his absence we are unable
to say, but his sickness explains their non-appearance at this
made
time.
New England
Cotton Mill Situation— Curtailment of
New England mill points indicate
that the movement to curtail the production of cotton gocds
Among the corporations to take the
is gradually spreading.
step this week is the Arlington, located at Lawrence, Mass.,
the running time being reduced to four days per week.
Reports from Boston denote that curtailment will be more
extensive the latter part of May.
Production.— Advices from
Movement from all Ports.— The
India Cotton
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending April 21 and for the season from Sept. 1
to April 21 for three years have been as follows.
190102.
1902-03.
_
Week
at—
Receipts
Since
.
7*. 000 1,596,000
Bombay.
Since
Week.
Sept. 1.
-
71,000 1,«62,000
Sept. 1.
57.000 1.78* ,000
Since September
For the Week.
1.
Exports
from—
Great
Britain.
Qreat
Britain.
Continent.
Continent.
Total.
3«,000
13,000
20,000
45,000
14,000
21,000
79,000
59,000
5,000
664,000
536,000
320,000
743,000
595,000
325.000
1,000
),000
1,000
1,000
2,000
1,000
3.000
4.000
2,000
22,000
24.000
19,000
25,000
28,000
21,000
8.000
4,000
1,000
26,000
9,000
5,000
34,000
13,000
6,000
5,000
13,000
1.000
98,000
77,000
44,000
103,000
95.000
80,000
9,000
810,000
646,000
38 -.000
905,000
726.O0O
Total.
\
Bombay—
1903 04..
1902 03..
1901-02..
Calcutta -
9,000
1,000
1,000
!
j
1903 04..
1902-03..
1901-02..
Madras
ranared from 88 to 77, averaging 57.
1507
1,000
-
1903 04..
1902-03..
1901 02..
All others—
4,000
7,000
1903-04..
1902-03..
1901-02..
Total all—
1903 04.
1902-03
1901 02.
50,000
23,000
22.000
41,000
21,000
21.000
9,000
2.000
1
4,000
7,000
000
90 000
45,000
397. ()()(>
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria. Egypt,
April 20.
1903-04.
190203.
1901-02.
26,000
6,361.535
4.000
5.729,593
30,000
6,424,193
Rereipts (cantars)*—
This week
Since Sept. 1
Exports (bales)—
This
Since
week. Sept. 1.
Thin
Sin'e
week. Sept. 1.
This
Since
wtek. Sept. 1.
To Liverpool
To Manchester
To Continent
To America
3,500 198,313
118,059
4,250 279,806
44,758
2,046 189,730
2,386 137,348
8,620 268,297
1.175 76,135
6,335 179,956
105,907
4.8P9 336.091
1,968 90,936
7,750 640.936 14,227 671.510 13,192 712,890
Total exports
*
A cantar Is 98 lbs.
This statement shows that the receipts for the week ending
April 21 were 26,000 cantars and the foreign shipments
7,750 bales.
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is quiet for
yarns and dull but steady for shirtings. The demand for
India is improving.
give the prices for co-day below
and leave those for previous weeks of this and last year for
We
comparison.
1903.
1904.
8»4 lbs. Shirt- Ootl'n
32« Cop. ings,
Twist.
I
il.
d.
common
UpUts
to finest.
s.
d.
s.
Mid.
d.
d.
32s Cop.
Twist.
d.
d.
8H
lbs
Shirt Colt'n
mps. common
Viri.
to finest
Uplds
8.
d.
s.
Mr.18 10 7e@ll»4 6 8 @9 7*3 8-24 71l, 6 @838 5 5»«®8
•'
7-72 711i 6 ®8B, e 5 5 @8
25 10ifl@llie6 6 @9 6
8-28 7»h @8H« 5 4»a®8
Apr. 11 0^e@ 1138 6 8 ®9 8
"
8-28 7H 16 ®Hi4 5 4»a<i'H
8 lCe® H18 6 7i«®9 9
" 15 lOSe® lli« 6 6 -a>9 7>* 8-14 7" 1(,"8i4 5 4V3>8
m
n*
d.
i
i
i^
790 7Ba @8U 5 4l«®fi 1*8
Govebnment Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops in the Southern States for the week
ending April 18, summarizing them as follows:
"
«fl
10»a®llittl6
6
*»9
8
Cotton planting has progressed rapidly throughout the central and
southern pertions of the oelt and nas begun In the more northerl y
dlstrlots. In portions of Georgia and Texas planting is nearly finished
and ohopplng has began In Florida and Southern Georgia. Throughout the belt the weather has been muoh too oold for germination and
growth, the reports Indicating that considerable replanting will be
neoessary In portions of the oentral and western dlstrlots.
Houston Cotton Exchange.— Ann ual Election.—The
fol-
lowing officers and directors were elected by the Houston
Cotton Exchange April 13, the officials being the same as in
the previous year, except that M. E. Andrews succeeds
W. B, Clarkson on the board of directors;
President, W. D. Cleveland; Vloe- President, J. M. Dorranoe; Treasurer, W. B. Chew; Secretary, W. J. deTrevllle; Directors, H. W. Garrow. E. W. Taylor. William Christian, M. E. Andrews, A. L. Nelms,
W. O. Ansley and William V. R. Austin.
Jute Butts, Bagging, Etc.— The market for jute bagging
has been very dull during the past week on the basis of 6^c.
for \% lbs. and 6^c. for 2 lbs., standard grades. Jute bntts
also dull at \%@l%c. for paper quality and 2@2>£c. for
bagging quality.
Shipping News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 111,890 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
e
.
THE CHRONICLE.
L508
New York— To Liverpool, per steamer Bovlo,
3. 142. ...Celtic,
1,803
—
BREADSTUPFS,
Total bales
Oedrlo,
9,027
4,082..
To Havre, per steamer La Bretagne, 11 upland and 18
Friday. April
22, 1904.
A stagnant
market has been experienced for wheat flour.
The small volume of business that has been transacted has
oeen strictly of a hand to mouth character. Mist of the
trade have their wants for the present protected by out41,498 standing contracts, and ar« giving practically no attention
6,00u to the market as buyers. Mills have been slow in lowering
^9
So
100
foreign
Venloe, rer steamer Pooasset, 38.
Trieste, per steamer Pooasset. 100
new Orleans To Liverpool— April 16-fiteamer Wayfarer,
April 18-Steamer Costa Rloan, 4,910
16,588
AdiII 22-Steamer Indian. '^0.000
To London— April 19 Steamer Callfornlan, 5,000
To Havre-April 19-Steamer Fioridlan. 3,571
To
To
3,571
10,523
To Bremen-April 2^— Steamer Mount R >yal, 10.523
1,573
To Hamburg -ADril 2 9 8t samor Mount R >yal, 1,573
To Rotterdam -April 20 dteainer Rtthliu Heal, 2 8 12.... 2,812
6.678
Oalveston -ToUverpMl— April 15 8tr Barbadian, 6.678...
550
Mobile— To Breiii'n-April 16 -steamer Cayo Blanco, 55 '. ..
Pensacola— To Liverpool— April 15— Steamer Gracl*. 4,012.. 4.012
Savannah— To Liverpool April 16 Steamer Comino, 5,073.. 6,073
5,509
To Manchester -April 16— Steamer Llnolulen. 5,509
To Bremen -April l«— Steamer Lord Antrim, 5,432
7,998
April i9-8teamer Mokta, 2.566
100
To NorrbopiDg -April 19-Steamer Mokta. 100
Newport News— To Liverpool—April 16 -Steamer Shenan-
400
doah. 400
Boston-To Liverpool— April 15-Steamer Saohem, 762
1,9«0
Steamer Cymric. 1,198
April 20
[Vol. lxxviii.
778
106
To Manchester- April li—Bteatner Caledonian. 778
Steamer Boston. 106
To Yarmouth -April 18 and 2
Baltimore— To Liverpool— April 15— Steamer Indore, 2,015...
To Bremen— ADrll 15— Steamer Brandenburg, 359
Philadelphia—To Liverpool -April 18— Steamer Merlon, 983
8ap Framoisoo— To Japan— April 16 Steamer Korea, 1,100..
To Guatemala— April 19-Steamar City of. Para. 100
1
2,015
their limits, the indications being that a reduction in prices
would fail to interest buyer?, at least for the present. Rye
fliur has had only a small sale, and the tone of the market
has been easier. Corn meal has had a moderate sale at
slightly lower prices.
Speculation in wheat for f ature delivery has been moderately active. Prices have declined. The weakness has
been most pronounced for the near-by deliveries. Shocks of
York market have been increascontract grades in the
ing and this has prompted selling for the account of speculative holders of May delivery to liquidate their long contrasts.
Statistical developments early in the week had a
bearish iLflaence upon the general situation. The United
States visible supply showed a slight increase, comparing
New
with a large decrease for the same week last year, and
there was a moderate increase in the amount of wbeat
1,100 on passage for Earope. Cable advices have reported
100
quiet European markets, with prices showing a tendency to
111,890
Total
sag. Weather conditions reported from the West have not
Ttie exports to Japan since Sept. 1 have been 40,767 bales been wholly satisfactory for the new crop.
Too cold
from the Pacific Coast.
weather has been reported from many sectioas of the wheat
Cotton freights at New York the past week have been belt and spring seeding has continued backward in the
Northwest. During the latter part of the week, however,
as follows.
beneficial rains were reported in the winter-wheat belt.
Business in the local spot market has been quiet, and advices
Fit.
Satur.
Mon.
Tuet. Wednes. Thurs.
received from the interior cash markets have reported a slow
12
12
12
12
12
Liverpool...
c
12
demand for wbeat. To day there was an easier market
12
12
12
12
12
12
Manchester
under favorable weather reports from the West, large Argen20
20
20
20
20
e
20
Havre
tine exports and freer offerings from India. The spot market
20
20
20
20
20
20
Bremen
....c.
was quiet. Sales were reported of 88,000 bushels for export
359
983
ft
Hamburg
~
Ghent
Antwerp
—
20
SO
15
e.
c.
RevaJ., Indirect.. e.
Reval, via Canal. c.
Baroel'na. direot.e.
Genoa
20
SO
28
85
20
20
15
28
85
22%
22i2
15
28
35
15
15
Trieste
25
c.
25
Janan (via Suez).e.
50
50
Quotations are cents per 100 lbs.
...e.
20
20
15
28
85
20
20
16
28
85
20
20
13915
28
28
22%
22%
22i«
22%
15
25
50
15
25
15
25
50
25
50
50
15
—
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, etocks, &c, at that port.
April
week
Sales of the
A pril
I.
bales.
16,000
Of whioh exporters took. ..
Of which speculators took.
200
200
Bales American.....
Aotnal export
.
13,000
4,000
38.000
567,000
479.000
.
Forwarded
Total stook— Estimated
Of which American— Est'd.
Total import of the
week
34 000
Of which Amerloan
Amount
21,000
153,000
91,000
afloat
Of which Amerloan
The tone
of the Liverpool
8.
April 15 April 22
27,00b
31,-0.
28 -V
1,000
1,000
24,000
7.00C
53,00C
565,000
461,000
58,000
24,000
163,000
108,004
27,00*
2,000
45.00*
555.001
452,001
37,00'
S9.00<
155.00*
24,000
2.000
57.000
574,000
4B9.000
76,000
56,000
184,000
122,000
90.0OC
market for spots and futnres
each day of the week ending April 22 and the daily closing
prices of spot cotton, have been as follows.
Market,
it.
12.30 P
(
A exp.
Moderate
demand.
Dull.
Unlet.
Quiet.
Quiet.
806
7-96
7-92
7'94
7 96
7 90
4.000
5 000
5,000
200
6,000
200
6 000
200
5.0C0
300
HOO
30u
Mid. Upl'ds.
Sales
Spec.
Monday. Tuesday. Wed" day Thursd'y Friday.
Sat'day.
Spot.
Qnlet.
Futures.
Market
opened.
ynlet at
IcaS pts.
nnch. to
decline.
6 pts. adv.
Qnlet,
Quiet at
4«j5 Pts.
Market,
4 P. M.
decline.
V.eady
at
3<as
ota
decline.
'
Kasy at 'Steady
4©20 pts. 2 pts. do
decline.
I
at
Steady
6S10
at
pts.
ttdvanoe.
Steady
to 4?47
ai
pts.
8 pts. adv.l advance.
Ontet at Steady at
647
pts.
«@7
tdvanoe.
Qnlet at
1
.nl
pta.
:pts.
decline.
Steady
at
pta.
7410
advanoe.
deollne,
The
prices of f atnres at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated,
below.
Sat.
(Ion.
Apr 18
Apr. 16
12%|
P.
M
d.
.
\
1 12i*
4 121ft! 4
P. M. P. M P.M. P. M.P. M
d.
\
d.
7 82 7 787 70
7 76|7 72 7 64
April-May
May-June.. 7 73,7 69i7 6l
7 70 7 66 7 58
June-July
July-AuK... 7 66 7 62 7 54
Auk. -Sept.. 741 7 3B7 30
Bept.-Oot.... 6 66761662
Oct. -Nov... 6 35 6 316 33
6 27 6 22 6 24
Nov. -Dec
Dec. -.Ian.... 6 25 6 206 22
Jan. -Feb
6 24 6 196 21
Feb.- Men. ..
April
!
-
Tunis.
Apr. 19
\
d.
\
d.
7 58 7 65
Wed.
Thar*,
Apr. 20
Apr. 21
i2y
p.
d.
761
d.
7
4
mJp.
11,
d.
12%
P.M.
d.
4
P.
M
12ift
4
P.K. P.M.
d.
69 7 65 7 72 7 69
61 7 68 76\
69 7 66 7 63
67.7 64 761
53;7 60 7 67
28 7 36 7 33
60 6 69 6 65
30 6 39 6 36
22J6 31 6 27
20 6 29 6 25
196 28 6 24
7 53 7 60 7 56 7 64 7
7 60 7 68 7 58 7 62 7
7 47 7 66 7 50 7 60 7
7 43 7 51 7 46 7 56 7
7 19 7 28 7 21 731 i7
6 55 6 57 6 54 a 63 7
6 28 6 27 6 24 6 32 6
6 18 6 19 6 16 6 25 6
6 16 6 18 6 14 6 23 6
6 15 6 17 6 13 6 22 6
aTH.
Apr. 22
d.
7
7
7
7
7
60
60
58
56
52
28
60
d.
7 62
7 56
7 54
7 51
DAILY CLOSING PRICES OF WHEAT FUTURES DlNEW YORK.
Sat
Hon.
Tuts.
Wed. Thurs.
Fri.
106
106
105
No.2red winter, f.o.b... 106
105
105
May delivery In elev
94%
94
92!%
9013
90%
91
July delivery In elev
90
89*4
90%
90*
89%
88%
Sept. delivery in elev.... 84%
85%
85
84%
84%
83%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat
Mon.
Tues.
Wed. Thurs.
Fri.
92%
86%
»i»«
89%
89%
88*3
86*
85*
84V 85% 84%
82*8
82%
81*
81%
8U 80%
Indian corn futures have been fairly active in the Western
May
delivery In elev
elev
July deuv.
Sept. dellv. In eiev
m
92*8
market, but at declining prices. The featute has been free
selling for the account of a prominent interest, for the purpose, it was understood, to liquidate their long interest in
the market. According to the reports current, the unsatisfactory conditions of the cash trade and steadily increasing
stocks at primary points were the faotors that prompted the
selling for the account of the large holders in the specuPrivate elevator interests in Chicago conlative market.
tinued turning out fairly liberal stocks of contract grades
of corn, and this, too, operated against the market. Weather
conditions have continued to be reported as rather against
active progress in farm work; nevertheless, some authorities
report that a large corn acreage is indicated, Locally the
spot market has been quiet and easier. To-day the market
was easier under the more seasonable weather reported from
the corn belt. The spot market was dull.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
YORK.
Sat.
Mon. Tues.
Wed. Thurs.
Fri.
58
Cash oorn t. o. b
58
58
57
87%
57
65%
55
May delivery In elev
65*
54
54
54%
July delivery In elev
54%
54%
54%
53%
53%
53%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Sat.
Mon. Tues.
Wed. Thurs.
Fri.
May delivery In elev
61*
52
4>i%
49*
48*
48
NEW
49*
July delivery in elev
50%
49%
4"*
48%
48%
49
49%
48%
48%
4:3%
47%
Oats for future delivery at the Western market have received only a limited amount of speculative attention.
Early in the week prices showed only fractional changes,
but during the second half of the week there was a decline
under reports of the fall of rains in the Southwestern States,
which were favorable for oats where seeded. Ic also was
stated that planting of the crop in the Northern States was
making good progress. Locally the spot market has held
steady. To day the market was easier under the reports of
increased acreage.
DAILY closing PRICES OF OATS IN
YORK.
Sat.
Mon.
Tues.
Wed.
Thurs. Fri.
43%
44%
No. 2 mixed in elev
44%
44%
44%
44%
46%
46
No. 2 white In elev
45%
45%
46
45>ft
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Sal.
Mon.
Tues.
Wed.
Fri'
Thurs.
37 %
38
May delivery in elev
37*
37%
36%
37
in
elev
delivery
37%
July
37%
37%
37
36%
35%
31%
Sept. delivery in elev
31*
31%
31%
30
30%
Sept. delivery In elev
NEW
—
Following are the closing quotations
FLOUR.
7 47
7 23
6
6 57
6 31 6 28
6 23 6 20
6 31 6 18
6 20 6 17
7
at outports,
Fine.......
Superfine...
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
Nominal.
Nominal.
Nominal.
$3 90 rf>4
4 00 1»4
4 80 *5
5 10 ®5
00
70
10
90
Patent, winter
$5 10
Olty mills, patent. 5 15
Rye flour, superilne 4 20
«5
35
-95
70
70
94
Huck wheat flour.. Nominal.
Oorn mealWestern, eto
3 05 93 10
Brandy wine
3 10
:
Apr.
.
THE CHRONICLE.
23, 1904.]
.>09
I
The value of these New York exDorts since Jan. 1 has been
$3,829,825 in 1904, against $6,146,410 in 1903.
61 »5<»
Tbe market for heavy brown sheetings and drills has ruled
f. o. b.57
decidedly dull, with irregularity in prices favoring buyers.
f. o. b.57
f. o. b.56
Only small lots are being taken by the home trade and transactions for export are trifling in extent. The call for coarse,
69 »77
colored cottons of all descriptions has been of limited volume,
85
sa es of denims, tickings, plaids, cheviots, etc, being con55 *65
Feeding
47 ©52
fined almost entirely to small lots for quick delivery.
There
Exports of Wrain and Flour from Pacific Ports.— The is no quotable change ic prices, but wnile leading makes are
exports of grain and flour from Pacific ports for the week generally firm, sellere,in;other quarters are easy to deal with.
ending April 22, as received by telegranh have been «s Low grade bleached cottons are tending downwards in some
follows: From San Francisco to various points South Pacifio makes and prices for them are irregular; the better grades
ports, 2,305 bbls. flour and 900 bushels wheat.
are steady. The demand for all grades is very quiet, no
Combining these figures with those for previous weeks, we transactions of any moment being reported. Wide sheethave the following, which covers the exports to foreigt) ings, sheets and pillow cases share in the general dulnees,
countries for the period since July 1, 1903, comparison being but continue steady in price. The market for cotton flannels
made with the corresponding period of 1902-03.
has been enlivened by a demand for export to China, from two
to three thousand bales being purchased for that market at
Oatt,
Wheat,
Com,
Barley,
Flour,
hxports
Rye.
buxh.
bu*h.
bush.
bbls.
bush.
bmh generally steady prices. Cotton blankets are quiet and unfrom—
471
5,694 7,59-<,280
San Fran. 648,303 1,847 491
1,078 changed.
Bnyers have operated sparingly in the market for
33.894 370,695 787,978
PugetS'd. 1.573,094 1,421,725
344
printed calicoes, so far as staples are concerned, with fancy
6 1,056,539
Portland.. 830,712 2,934.396
prints practically neglected. Prices are without quotable
39,365 376,395 9,442.797
Total.. ..S.OS?.109 6,203,612
1,422
change. There has been no special feature in ginghams or
44,276 923.809 7,460,554 215.132
Tot '02-3.2,879,106 23.477,447
There has been pressure to sell
in fine cotton wasb fabrics.
Government Weekly Grain Report. Mr. James Berry, print cloths this week and prices show a considerable decline.
Chief of the Climate and Crop Division of the United 8tates At the close regulars can be bought from first hands at 3>£c.
Weather Bureau, made public on Tuesday the telegraphic per yard, with odd goods available on correspDndlng basis.
reports on the grain crops in the various States for the
Woolen Goods.— The market for men's wear woolens and
week ending April 18, summarizing them as follows
worsted fabrics snow that the demand has fallen off to such
Corn.— Preparations for planting oorn hare been aotive, under fav- an extent that the business done for the week is practically
orable conditions, in the Missouri Valley and Middle Atlantic States,
even if it has not baen offset by the
but this work has made slow progress in the Ohio Valley. Very little a negligible quantity,
Sellers report that there
planting was aone where planting had not begun at the olose of the cancellation of previous orders.
previous week. In the Southern States low temperature has Droved has seldom been a time in the woolen goods market when so
unfavorable by oheoklng erowth and germination.
Winter Whbat.— In Missouri and over the greater portion of little new business has come forward, There is so little that
Kansas and Nebraska winter wheat has made good growth, but needs there is no test of values, but tbe tone in most directions is
warmer weather. Reports from the Ohio Valley respecting this orop weak. Manufacturers are pushing forward their preparacontinue very nnfavorable, although a slight improvement in Southtions for the new spring season, but many of them are runern Indiana is indicated. In Illinois wheat has made little growth
and lta condition is less promising than ten days ago. In Ohio and in ning only such machinery as is necessary to get out their
This is particularly the case with worsted
Central and Northern Indiana a large acreage will be plowed up for sample pieces.
other orops. Winter wheat has made splendid growth on the Paoiflo fabrics, the orders secured on these for the fall season havcoast, especially in Washingtan and Oregon.
Spring Wheat.— Over the southern portion of the spring-wheat ing proved quite inadequate to keep all the mills employed.
region the seeding of spring whoat has been actively carried on and 1b There has been no material change in the situation of overnearly finished in Iowa, Nebraska and Southeastern South Dakota, but coatings or cloakings; both are dull at previous prices,
In North Dakota and Minnesota very little seeding has been done.
Woolen and worsted dress goods are being shown for fall,
Seeding has also been In aotive progress on the North Paoino coast,
but
buyers are not showing any disposition to order otherabout one-half the area in Washington having being sown.
Oats— In the Central Mississippi and Lower Missouri valleys oat wise than moderately. The current demand is indifferent
seeding has been aotive and 1b well advanoed, having been finished in for quick deliveries.
Kansas. The early sown in these sections is making a slow start. In
Foreign Dry Goods— Fine grades of specialties are in
the npper Ohio Valley very slow progress with seeding hat been made
on aooount of wet soil, In the Southern States the orop as a whole is fair demand, but the market is dull otherwise for imported
doing well, but it is In need of rain in the Carollnas, Western Texas
woolen and worsted dress goods. Piece silks are selling
and Oklahoma.
in fancies.
Ribbons are quiet, Business in
moderately
*" For other tables usually given here see page 1477
linens is checked to some extent by advancing prices. Burlaps are quietly steady.
GRAIH.
Corn, per bush—
Western mixed
9818
N. DuL.No. 1
No. 2 mixed
nom.
N'thern Man., No.2.
No. 2 yellow
Bed winter, No. 2.. f.o.b. lOis
No. 2 white
Hard winter. No. 2. f.o.b. 90»*
Rye, per bush—
Oats— Mixed, p. bush. 44 -346
Western
41 ®52
White
44 1£ft45 1«
State and Jersey....
No. 2 mixed..
45»«?»46J*
Barley— West
No. 2 white
Wheat, per bush—
o.
f.o.b.
f.o.b.
o.
o.
o.
—
:
THE DRY GOODS TRADE.
New
York, Friday, P.
M„
Importations and Warehouse Withdrawals of Dry Goods
April 22, 1904.
branches of the dry goods trade show
that business, in the aggregate, has probably been smaller
this week than any recent wtek, and that for the time of year
it is abnormally light.
Adverse weather conditions are in
part to blame for tnis, as they have told heavily against the
distribution of merchandise at the retail end, and that is
where tbe movement towards a better trade must come
from. Jobbers report that it is exceedingly difficult to interest retailers beyond very small purchasers, while they in
turn are not doing anything more than is absolutely necessary to riece out stccks for current needs. This condition of
affa rs is telling upon the market at first hands and upon jobbers' stocks of unsold fancies.
In the cotton goods division a
Reports from
weak tone
all
noticeable in
is
some
directions
where
New York to
April
Week.
Since Jan.
276
400
China
mala ...... «....••••••..•
Arabia.
i
West Indies
Mexioo
Central America
South America
Total
.,
631
98
202
22,805
3,592
9,155
2,903
6,228
777
1.
Week.
52
200
""l8
603
74
164
1,031
60
4,298
17,618
3,495
2,158
71,542
2,577
1,166
435
Since Jan.
764
417
1.
847
149,924
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1903.
1904.
K
O
a
m
sellers are
anxious for business, with consequent irregularity in prices,
print cloths being the weakest feature, notwithstanding the
fact that tbe Fall River mills are now running short time,
sales of cloths having been made this week showing a loss of
all the advance secured since the beginning of the year.
Whatever the cause may be, it is beyond dispute that the
consumptive demand for cotton goods of all kinds is on an
unusually small scale and email enough to offset the reduc
tion of output by the mills,which just now is also of ut usual
extent. No improvement can be reported in the woolen
goods division for either men's wear fabrics or dress goods.
Domestic Cotton Goods.— The exports of cotton good?
from this port for the week ending April 18 were 2,158
packages, valued at $130,437, their destination being to the
points specified in the tables below
H
to
M
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—
—
THE CHRONICLE
1510
News
[Vol. lx^vitli.
July 1 at the office of the County Treasurer. Maturity, $1,000
each six months from July 1, 1905, to Jan. 1, 1920, inclusive.
Deposit of $500 in cash required.
Aylmer, Oat— Debenture Offering.— Proposals will be received until 6 p. M., April 30, by Junius Bradley, Town Clerk,
for $15 000 4% water-works debentures maturing part yearly
Items.
Arizona— Oklahoma.— Statehood Bill Passes House.— The for thirty years.
House of Representatives at Washington on April 19 passed
Balfour School District, N. D»k.— Bond Sale.— The State
the bill oreating a new State under the name of Oklahoma, has purchased at par an issue of $7,500 4% funding and buildby the nnion of the Territories of Oklahoma and Indian Ter- ing bonds dated May 1, 1904. Maturity, May 1, 1914.
ritory, and also a State nnder the name of Arizona, formed
Bardstown, Nelson County, Ky.— Bond Offering.— Pro-
of the Territories of Arizona and New Mexico.
N. J.-Annexxtion Defeated.—This town at a
special election held April 7, by a vote of 818 for to 1,092
against, defeated a proposition involving the annexation of
the town of Bloomfield to the city of Newark.
by the nnion
Bloom Held,
Cincinnati, Ohio.— Bonds Valid.— The State Supreme
Court on April 12 held valid the $2,000,000 water bond issue
proposed to be put out by this city. See V. 78, p. 242; V. 77,
pp. 2295 and 1553.
New York State.— Rock Island Savings Bank Bill Fails to
Pass Legislature— The McEwan-Agnew bill relating to savings banks investments in the bonds of the Chicago Rock
Island & Pacific Railway failed to pass the House prior to
adjournment. This bill passed the Senate on March 81 and
was given in full on page 1286 of the Chronicle April 2.
Its purpose was to eliminate from the legal investments the
new issue of 4% refunding bonds of the Chicago Rock Island
& Pacific Railway, thereby restricting investments in bonds
bonds due July 1, 1917,
of this road to the first mortgage
and the general mortgage 4% bonds due January 1, 1988. The
failure of the paesage of this Act leaves paragraph C, subdivision 6, of the Savings Bank Investment Law, unchanged.
Rochester, N. Y.— Sale of Genesee Valley Stock—The City
Council on April 14 decided to accept the bid of Albert O.
Fenn of Rochester for the 3,000 shares of the capital stock of
the Rochester & Genesee Valley Railroad Co. owned by the
city of Rochester. As stated last week on page 1461, the bid
posals will be received untii 7:30 P. M., May 2, by the City
Clerk, for $24,000 5% coupon water-works bonds. Authority,
election Nov. 8, 1903. Denomination, $600. Date, July 1,
1904.
Interest, semi-annually at the office of the City Treasurer. Maturity. $1,200 July 1, 1905, and $600 each six months
from Jan. 1, 1906, to July 1, 1924, inclusive. John W. Sisco
is
Mayor.
City, Mich.— Bonds Voted.—The election held April 4
resulted in favor of the proposition to issue $50,000 electric-
Bay
light-plant-improvement bonds.
Beaver City, Utah.— Bonds Not Sold.— No bids were received April 10 for the $10,000 4%<& coupon electric-lightplant and power bonds described in V. 78, p. 1284
Bee County, Texas.— Bonds Registered.— The State Comptroller on April 9 registered an issue of $6,500 4% 5-40-year
(optional) bridge bonds dated March 1, 1904.
Beresford (So. Dak.) Independent School DistrictBond Sale MacDonald, McCoy & Co., Chicago, recently
purchased $7,500 5% 20-year bonds of this district. Danomination, $500. Interest semi-annually in Chicago.
Biddeford, He.— Description of Bonds.— Further details
are at hand relative to the offering on April 30 of $50,000 4%
coupon refunding bonds, the advertisement of which appeared in last week's Chronicle. Proposals for these bonds
will be received until 2 p. m. on that day by Lytton E. Staples, City Treasurer.
Denomination, $1,000. Date, May 15,
1904. Interest semi annually at the office of the City Treasof Mr Fenn was 140'25.
urer or in Boston. Maturity, May 15, 1914,
Vailsburg, N. J. Annexation Authorized. This borough
Birmingham, Ala.— Bonds Voted.— The election April 11
on April 12, by a vote of 427 to 256, passed favorably on the resulted in favor of the proposition to issue $200,000 schoolproposition to annex the borough to the city of Newark. The building bonds
at not exceeding 5% interest. The vote was
matter has not yet been acted upon by the City Council of 2,345 for and 304 against the issue.
Newark.
Bristol, R. I.— Bond Sale— On April 15 $40,000 3^* coupon sewer bonds were awarded to Denison, Prior
Co. of
Cleveland and Boston at 102-15 and interest. Interest will
Calls
be payable March 1 and September 1 at the Industrial Trust
Co. of Providence.
Bond
Call.—
R.
County,
Nek.—
O'Keeffe,
ChairDouglas
Bristol, Tenn.— Bonds Authorized.—This city has authorman Board of County Commissioners, calls for payment ized
the issuance of $10,000 school bonds. These bonds, we
May 1 at Eountze Bros., fiscal agents for the State in New are advised, " have probably already been sold."
York City, $38,000 5* funding bonds, dated July 1, 1891.
Burlington, N. J.— Bond Offering.—Proposals will be reThe official notice of this bond call will be found among
ceived until 8 p. m., May 8, by the Common Counoil, for the
the advertisements elsewhere in this Department.
$23,500 4% school bonds mentioned in the Chronicle Feb. 27,
New Haven County, Conn.— Bond Call.— Hiram Jacobs, page 836. Denomination, $500. Date, March 1904. In1,
County Treasurer, calls for payment Nov. 1, 1904, at the
terest semi-annually at the office of the City Treasurer.
office of the County Treasurer or at the Union Trust Co. of
Bonds are payable in 30 years and may be redeemed as drawn
New Haven, all outstanding bonds of this county. Interest
by lot at the rate of not exceeding $2,000 each year after 20
will cease on the above date.
years; they are coupon in form, with privilege of registraThe official notice of this bond call will be found among
tion as to principal. Accrued interest is to be paid by purthe advertisements elsewhere in this Department.
chaser. Bonds are authorized under an Act approved OctoNew Mexico.— Bond Call.— J. H. Vaughn, State Treasurer, ber 19, 1903. Each proposal must be accompanied by a cercalls for payment May 1 at the National Bank of Commerce
tified check, payable to the city of Burlington, for at least
in New York City $101,800 casual-deficit bonds dated May 1,
2£ of the amount bid for. J. Frank Clime is City Clerk.
1893.
The official notice of this bond offering will be found among
The official notice of this bond call will be found among the advertisements elsewhere in this Department.
the advertisements elsewhere in this Department.
Bond Sale.- On April 15 the $87,000 4%
Burlington,
25-year city bonds were awarded to Merrill, Oldham <ft Co.,
Boston, at 107-079 and interest. Following are the bids
Negotiations this Merrill, Oldham &Co.. Boston.. 107*079 Geo. A. Kernald & Co.. Bostom. .105 026
—
H
—
&
Bond
and Redemptions.
Yt—
:
Bond Proposals and
Konntze
Bros.,
New York
lOH-e'l
week have been as follows
Akron (N.Y.) School District.— Bond
Klodget. Merrltt A Co.. Boston.. l06 47
Farson, Leach & Co., Boston... 10o*S6
Denison, Prior & Co., Cleveland
tion will be held April 28 to vote
$8,000 school bonds.
R.
-
:
Election.— An elecon the question of issuing
Albuquerque (N.Mex.) School District.— Bond Offering.—
Proposals will be received by the Board of Education, R. W.
Hopkins, Pres., until 8 p. M., April 25, for the $84,000 l%%
school-building bonds which were authorized at the election
held April 5 by a vote of 590 to 5. Maturity, 30 years, subject to call after 20 years.
Anoka, Minn.— Bonds Voted.— This place voted on April 5
to issue $10,000 bonds.
Ashland, Ore.— Bonds to be Offered at Home.—
are advised that the $20,000 sewer bonds voted at the election March
17 will be offered at private subscription and will most likely
all be taken by home people.
If not taken locally they will
be then sold at public sale. Bonds will be dated April 1, 19U4.
Interest, 4)f«, payable semi-annually.
Maturity, $1,000
yearly, beginning April 1, 1908.
Ashtabula (Ohio) School District.- Bonds to be Issued
Shortly.— This district will advertise for sale in the near
future an issue of $30,000 sohool bonds.
Auglnize County (P. 0. VYapakoneta), Ohio.— Bond Offering.— Proposals will be received until 12 m., May 17, by W.
H. Meyer, County Auditor, for $30,000 5% bridge bocds. Denomination, $1,000. Date, May 1, 1904. Interest, Jan. 1 and
We
and Boston
L..
Day A
J nckson
A
Estabrook
Co.. Boston
Curtis, Boston
Co., Boston
A
10«*19
]0fl*ie9
105*89
105*678
A Co Cincinnati.. 104827
W. Harris & Co.. New York. 104-88
Trowbridge & Nlver Co.. Chic. .104-199
104*18
Mason, Lewis & Co., Bostom
K.
Stanwood A Co., Boston.. .104*09
lose. Parker a Co Boston
102*19
Merchants' Nat. Bank
100*00
R. Klevbolte
.
N.
C
,
—
Calhoun County, Mich.— Bonds Voted. This county recently vote to issue $3,000 oounty-j ail- addition bonds.
Cannon Falls, Goodhue County, Minn. Bond Offering.
Proposals will be received until 2 p. m., May 10, by Geo. E.
Wilson, Village Recorder, for the following bonds :
—
$5,000 i% coupon sewer bonds, dated June 1, 190*. Denominations, twenty-five
of 8100 and live of $610. Maturity, $1,000 yearly on June 1 from 1909 to
lwlS. inclusive,
10,000 4% coupon water-main-extension and pumping- station bonds, dated
Aug. 1,1904. Denomination, $1,000, Maturity, $1.0i0 yearly on Aug. 1
from 191* to 1928, Inclusive.
Successful bidder must pay acorued interest. Certified
check for 2% of amount bid required. Interest will be payable semi-annually at the office of the Village Treasurer.
Canton, Ohio.— Bond Offering. Proposals will be received
until 12 M , May 16, by A. Ashbrook, City Auditor, for $85,000 refunding bonds at not exceeding 4% interest. Denomination, $1,000. Interest, semi-annual. Maturity as follows :
$5,000 dated July 15, 1904, and payable in 14 years; $10,000
dated Aug. 20, 1904. and payable in 14 years; $%000 dated
June 15, 1904, and payable in 14 years; $5,000 dated July 1,
1904, and payable in 15 years; $10,000 dated July 2, 1904, and
payable in 17 years.
—
— —
Apr.
:
:
—— ——
THE CHRONICLE.
23, 1904.]
1511.
Each bid mut-t be accompanied by a certified check on were awarded to Trowbridge
some bank of Canton for 10* of bonds bid for. The purchaser and interest for 53^ per cents.
will be required to supply blank bonds.
Bids to be
made on
blanks furnished by the city.
Cape Girardeau (Mo.) School District— Bond Offering.—
Proposals will be received until May 14 by W, H. Huters,
Secretary Board of Education, for |1 0,000 4yt % 5-20-year
(optional) bonds, Interest semi-annual. Purchaser will be
required to furnish lithographed blank bonds.
Cattaraugus County (P. 0. Olean), N. Y.— Bond Sale.— On
April 15 the $57,000 4% jail bonds described in V. 78, p. 1409,
flalsey & Co., New York City, at
were awarded to N.
103*41 and interest. Bids were received from Farsoo, Leach
& Co., O'Connor & Kahler, Kountze Bros.,R, Kleybolte &
Co., N. W. Harris & Co. and Rhoades & Richmond of New
York City; Fuller, Parsons & 8nyder, W. J. Hayes & Sons
and Denison, Prior & Co. of Cleveland; the Rochester Savngs Bank of Rochester, the Schenectady Savings Bank, the
Erie County Savings Bank and the Courtland Savings Bank.
Charleston, Mies.— Bond Election.— An election will be
held April 28 to vote on the question of issuing §5, COO bonds
to secure right-of-way through the town for the Oakland
Charleston & Western Railroad.
Checotah, Ind. Ter.— Bonds Voted.— This town on April 5
voted to iseue $15,010 school- building bonds.
Bond Offerings. Proposals will be reCincinnati, Ohio
ceived until 13 m., May 16, by W. T. Perkins, City Auditor,
for the following coupon bonds
W
.
—
:
$7,500 00 4% 20-year coupon viaduct bonds, dated April 1, 1904. Denomination.
$600. Interest semi-annually at the American Exchange National
Bank, New York City.
18,215 76 (or less) 4« 1-10-Tear (serial) coupon Columbia Ave, assessment
bonds, dated April 17, 1904. Interest semi-annually at office of City
Treasurer.
interest to be paid by purchaser. Separate bids to
be made for each issue and each bid must be accompanied by
a certified cbeck for 5£ of the gross amount of bonds, pay
able to the City Auditor.
Claiborne County, Miss.— Bond Sale— On April 4 the
$20,000 5% 20-yearcourt-house-completiou bonds described in
V. 78, p. 1287, were awarded to MacDonald, McCoy & Co. of
Chicago at 10878 and interest. Bonds are dated April 4,
Accrued
For 6K< Bondt.
Trowbridge 4 NlTerCo..Chlc. $66,100 00
Citizens' Sav. Bank, Corinth. 66,000 00
JohnNuveen 4
Co.,
66,665 00
Chic
&
Niver Co., Chicago, at 102
Following are the bids
:
For 6* Bonds.
Fuller, Parsons 4 Snyder.
Cleveland
$68,600 00
Seasongood 4 Mayer, Cincln. 57,907 to
W. J. Hares 4 Sons, Cieve .. 66,000 00
—
Dallas, Texas. Bonds Voted. The election April 5 resulted in 2,457 votes being cast in favor of and 440 against
the issuance of $30,000 4% school- building bonds.
are advised that
Dallas County, Iowa.— Bond Sale.—
this county has sold $60,000 4y<$, funding bonds to Squire
Annis, of Council Bluffs, Iowa, at par. Denomination,
Date, April 15, 1904. Interest, semi-annual. Ma$1,000.
turity, 20 year?, subject to call after 10 years.
We
&
Delaware Ohio. Bonds Authorized.— The City Council on
March 14 passed an ordinance providing for the issuance of
$1,500 5< Winter Street improvement bonds of $300 each.
InSecurities are to be dated not later than May 1, 1904.
terest March 1 and September 1 at the office of the City
Treasurer. Maturity, $300 yearly on March 1 from 1905 to
1909, inclusive.
Detroit, Mfcb.— Bond Offering.— Proposaals will be received until 2 p. m., May 16, at the office of the Board of
Water Commissioners— Benj F. Guiney, Secretary— for
$200,000 3%$ water bonds. Denomination, $1,000. Date,
June 1, 19u4. Interest semi-annually in New York City.
Maturity, June 1, 1934. Certified check for $1,000 required.
Accrued interest to be paid by purchaser.
Dolgeville, N. T. Bond Election,— An election will be
held April 26 to vote on the question of issuing $42,000 4%
sewer bonds. Securities are to be issued in denomination of
$500 and mature $1,500 yearly, beginning July 1, 1907.
Douglas School District No. 27, Cochise County, Ariz.—
Bond Sale.— The $20,000 5* school bonds offered but not sold
last December have since been placed with the Bank of Bisbee at 10050. Date, April 1, 1904. Interest, semi-annual.
Maturity, April
1, 1924.
—
Loan Authorized. At a town meeting held April 9 a loan of $6,500 for a new pump and water
wheel at the pumping station and for repairs at the MounStreet Reservoir was authorized.
tain
1904.
are adLake, Ala.— Bond Election Not Held.—
East
Clarke Countv, 6a.— Bonds Not Sold. All bids received
that
the
ballots had been incorthe
faot
owing
to
vised
that,
April 14 for the $100,000 4% gold road-improvement bonds deprinted, the election which was to have been held on
scribed in V. 78, p. 1186, were rejected. We are advised that rectly
28 to vote on the question of issuing $18,500 publicMarch
be
considered
for
these
bonds.
no bid for less than par will
bonds did not take place.
improvement
Cleveland, Ohio.— Bond Offering.— Proposals will be reare adRapids,
Mich.— Price Paid /or Bonds.—
Eaton
ceived until 12 M., May 16, by J. P. Madigan, City Auditor,
Co. of Chicago
vised that the price paid by John Nuveen
for the following bonds
for the $12,000 4%% 20-year electric-light bonds mentioned in
•100.000 4% coupon elevated- roadway bonds, dated June 1, 19C4. Maturity.
Interest will be payable
last week's Chronicle was $12,175.
June 1, 1923.
25,000 i% coupon fire-department bonds, dated April 1, 1904. Maturity, semi-annually.
Aptll 1, 1920.
Edwards, Miss.— Bonds Voted.—This town on April 5, by
Denomination, $1,000.
Interest, semi-annually at the
a vote of 60 to 4, authorized the issuance of $4,000 artesianAmerican Exchange National Bank, New York City. A cer- well bonds.
tified check on a national bank for 5% of amount bid for,
Ellsworth, Minn.— Bond Sale.— The $7,500 6* 15-year water
payable to the "Treasurer of the City of Cleveland," is re- bonds offered on April 12 were awarded on April 16 to Duke
Bids must be made on blanks obtained from City
quired.
Following
M. Farson
Co., Chicago, at 103 and interest.
Auditor. Purchaser to pay accrued interest.
are the bids
Easthampton, Mass.
We
—
We
&
:
&
Cleveland Township, Marshall County, Kan.— Bonds
nuke M. Farson & Co.. Chic. .$'.726 00 Minn. I/n 4 Tr.Co.. Mlnn'Ma. $7,680 00
Voted.— On April 12 this township voted in favor of issuing Browne-EllinwoodJ
7,600 00
Kor^a.... 7.61B 00 Kaue 4 Co.. Minneapolis
$17,000 6* 20- year bonds in aid of the Topeka Frankfort &
Co.. Chicago
lFor5«s.. 7,628 00
Northwestern RR.
Bonds are dated May 1, 1904. See V. 78, p. 1409, for deCoeur d'Alene Independent School Dist. No. 1, Kootenai scription of bonds.
County, Idaho. Bond Offering.— Proposals will be received
Enid, Okla.— Bonds Voted.—This city on April 4 authoruntil 12 m. April 25, by J. M. Elder, Clerk, for $10,000 10-20ized the issuance of $75,000 80-year water bonds at not exyear (optional) school-improvement bonds at not exceeding ceeding
6£ interest.
10£ interest. Denomination, $1,000. Bonded debt, including
Findlay, Ohio.— Bond Offering.— Proposals will be received
Assessed valuation, $268,000.
this issue, $21,500.
until 12 M , May 2, by Wm. Demland, City Auditor, for the
Coldwater, Mith.— Bonds Voted.—This cityjias voted to following bonds
issue $50,000 sewer bonds.
light-debt-funding bonds, maturing 1600 each six mouths from
Collingswood, N. J.— Bond Offering.— Proposals will be 18,000 5JSApril
1. 1905, to Oct. 1. 1912. Inclusive.
received until 8:15 p. M., May 2, by Josegh E Tatem, Chair4,000 5% sanitary funding bonds, maturing 1600 yearly on October 1 fiom
l'.iuB to 1012. inclusive.
man Finance Committee, for the $150,000 4% street and sewer- 4,000 6$ general-government-funding bonds, maturing 1500 yearly on April
1 from 11-05 t<> it»i
inclusive.
improvement bonds voted at the election held March 8, 1904.
clty-h 11 maintenance bonds, maturing $500 yearly on Oat. 1 from
Denomination, $500. Date, June 1, 1904. Interest, semi-an- 2,000 Bjt190&
to UKK inclusive.
8,500 6% flre-fund bonds, maturing $1,000 April 1, 1906. $1,000 April 1. 1906.
nual. Maturity, 80 years. Certified check on a national
and
$1,600 April 1, lwoT.
bank for 5£ of the amount of bid, payable to the above-named
Date of bonds, April 1, 1904. Interest, semi-annually at
Chairman of Finance Committee, required. Frank M. North
office of City Treasurer.
is Borough Clerk.
Accrued interest to be paid by purCollin woi d, Ohio.— Bond Offering.— Proposals will be re- chaser.
ceived until 12 m., May 2, by Cnas, J. Moses, Village Clerk,
Flandreau, So. Dak.— Bond* to be Issued.—This city will
Denomishortly
for $25,000 5% Callamer street improvement bonds.
offer for sale $17,000 water bonds to be dated June 1,
.
,
.'.
nation, $500. D-ite. April 1, 1904. Interest semi-annually at
the Cleveland Trust Co., Cleveland. Maturity, $2,500 yearly
on October 1 from 1905 to 1914, inclusive. Accrued interest
to be paid by purchaser. Certified check for \% of tre bonds
bid for, payable to D. R. King, Village Treasurer, required.
Colombia, Tenn.— Bond Election.— An election will be
held May 7 to vote on the question of issuing $80,000 4% 20year c >upon bonds to pay off outstanding indebtedness.
Columbus (Ind.) School District.— Bond Offering.— Proposals will be received until 2 p. m., May 4, at the office of
the Mayor, for $75,000 4% high-sohool- building bonds. Danomination, $1,U00. Date, June 1, 1904. Iuterest semi-annually at the First National Bank of Columbus. Maturity,
June 1, 1914, subject to call after June 1, 1907. Securities
were authorized by a vote of 695 for to 451 against at election
held March 22, 1904. The school district has no debt at present of any kmd. Assessed valuation 1903, $5,147,885. John
L. Bonhum is Treasurer of the district.
Corinth, Alcorn County, Miss.— Bond Sale.—On April 15
the $55,000 water and sewer bonds described in V. 78, p. 1287,
1904.
Fowler Township School District, Trumbull County,
Ohio.— Bond Sale —Proposals will be received until 12 M.,
April 25, by W. E. Rand, Clerk Board of Education (P. O.
Cortland), for $6 500 5* school-building bonds. Denomination, $500.
Interest, semi-annual.
Maturity, $500 yearly.
Frankfort Township, Marshall Coonty, K&n.-Bonrts
Voted.—This township, by a vote of 282 to 39, on April 13
authorized the i suance of $10,000 6* 20 year bonds in aid of
the Topeka Frankfort & Northwestern RR.
Franklin County, Ohio.— Bond Offering.— Proposals will
be received until 12 m., May 16, by the Turnpike Commissioners, at the offioe of the County Auditor, for $8,000 6£
Mock Road free-turnpike bonds. Date, June 1, 1904. InterAuest semi-annually at tne office of the County Treasurer.
thority, Section 4808, Revised Statutes of Ohio.
follows
$700
700
800
800
(one
(one
(one
(one
Maturity as
:
bond)
bond)
bond)
bond)
March
March
March
March
1.
l,
1905.
1906.
1, 1»»07.
1, 1908.
$1,000 (two bonds)
March
1,
1909.
(two bonds) March l, 1910.
1,400 (two bonds) March I, 1911.
1,400 (two bonds) March 1, in*.
1,201'
—
—
—
\r>\2
A
J
Co.. Cincinnati. $26.S' 2
W. K.Todd ACo-Clncinnatl.
Lamprecht Bros. Co..CIeve.. $26,115 20
W. J. Hayes* Sons. Cleve... 26,<*2 20
Wt-iern German Bank. Cin.. V6.077 04
Hayden, Miller A Co., Cleve. 26,018*0
20
26.213 20
R. KleybolteA Co.. Clncin... 2*1.207 00
Security Savings Hank Co... 26,15*20
Prov. Sav. B'k 4 Tr. Co.. Cln 26.164 71
Pallia County, Ohio.-Bond Sale— On April 14 $50,000 5*
20-year turnpike bonds were awarded to the Cincinnati Trnst
Co. at 104 70. Following are the bids
$62.SK0 00 w. j. Haves A 8ons. Cleve.. .$51,940 00
Cincinnati Trust to
W. K. Torld A Co. Cincinnati 62.280 00 Fuller, Parsons A Snyder,
51.800 00
Cleveland
Keder. Holzman ACo Cln... 62.280 00
:
,
UulunSav B'kATr.
Denlson, Hrlor A Co.. Cleve51.60000
land and Boston
52.17600
Mayer, Clncin. 62.00000
Co., Cln
A
Denomination, $500. Date, April 14, 1904. Interest semiannually at the office of the Connty Treasurer. Authority
for issue, Section 4769, Revised Statutes of Ohio; also elecHeasonuood
Nov. 3, 1903.
Gardner, Mass.- Temporary Loan.—This town has nego-
tion held
tiated a loan of $60,000 in
t u xes
anticipation of the collection of
Trust Co. of Boston at 3 68$
New England
with the
discount.
Men Cllin, N. Dak.— Bond Sale.-Oa April 11 the $2,500
7<g 20-year fire-protection
bonds deecribed in V. 78, p. 1235,
were awarded to S. A. Kean of Chicago at par and blank
bonds free of charge. Following are the bids :
$2,510 00
'$2,600 00 Thos. J. Bolcer Co
S. A. Kean CbicaKO
I
*
And
I
2,501 00
Chas. H. Coffin, Chicago
blank bonds.
Grand Forks (N. Dak.) Independent School District
Bond Sale.— This district has sold at par to the State an issue
of 135,000 4% 25-year bonds dated May 1, 1904.
Hreen-boro, N.
Bonds Aot Yet Sold.— Ho disposition
has yet been made of the $100,000 water, $75,000 sewer and
$75,000 street 4% 50-year bonds, offered without success on
January 15. The city officials have not yet decided when to
re-offer these bonds for sale.
11 ad don II fid, C&mden County, N. J.— Bonds Not Yet Authorized.
are advised that no steps have yet been taken
looking to the issuance of the $36,000 4% 1-30-year (serial)
sewer bonds voted at the election held March 8, 1904.
Hamilton, Mo.—Bonds Voted.— By a vote of 303 for to 115
against, this oity on April 5 authorized the issuance of $25,000 school bonds. No details of this issue have as yet been
C—
We
determined.
Hamilton, Ohio.— Bond Sale.—Oa April 16 the $25,000 4%%
refunding bonds (two issues) were awarded to E. H. Rollins
Sons. Boston, for $26,708 50. Following are the bids
E. H. Rollins ASons. Bost... $26,708 50 P. 8. BriKtrs A Co., Clncin..
$?6,160 00
N. W. Halsey A Co Chic
26.567 60 Hayden. Miller A Co., Cleve. 26.150 oo
&
:
.
—
.
,
Spitzer* Co.. Toledo
..26. 12600
26.607 00 Second Nat. Bank
K. KleybolteA Co., Clncin.... 26.43' 60 Western German B'k. Cln... 26.117 60
SeasoiiKood A Mayer, ''tnoln. 26.H28 00 Farson, Leach A Co., Chic. .. 26,025 00
Lamorecht Bros. Co.. Cleve.. 26.272 60 Fuller. Parsons A Snyder,
—
—
(TlKONICLE.
Till-.
Fremont, Ohio.— Bond Sale.— The following bids were received April 15 for the $25,948 20 4\£% sewer and street-imp-ovement bonds described in V. 78, p. 1410 :
Well, Roth
—
I
Vol. lxxviii.
W. H. Richardson, Town Treasurer, for $30,000 5% sani
tary sewer bonds. Maturity, thirty years. Payment of
principal and interest is secured by a special sewer tax, as
authorized by Chapter 125, Laws of 1904, duly ratified by a
vote of the citizens. Certified check for $300 required.
The official notice of this bond offering will be found among
of
the advertisements elsewhere in this
Department.
IodianapDlis, Ind.— Bond Sale.—Oa April 20 the $125,000
3\£% flood Donds described in V. 78, p. 1410, were awarded to
E.
Campbell
Co., Indianapolis, for $126,962 50. Following are the bids
M
&
:
K.
J.
M.Campbell A Co..Ind'lls.$196.902 60
F Wild ACo.. Indlau'lis.. 126.313 00
R. Kleybolte
A Co..
A Co.. Indian'lls.$126,325 00
A Sons (160,000). 6i>,350 00
25,12500
Mahan
($25,"00)
O.P.
E. 15. Bush
J. T. KUtott
Clncin.. 125.09'J 00
123,030 00
126,657 60
D. T. Bacon ($7.000)
Indianaoolis Trust Co
J.T. ElliottASons
7,060 00
Indianola, Miss.— Bond Sale.—On April 14 $4,009 6* waterworks bonds were awarded to the Sutfliwer Bank of Indianola at par. Denomination, $100. D*te, May 1. 1904. Interest,
after
semi-annual.
May
1,
May
Maturity,
1,
19i4, subject to call
1909.
—
Ironton, Ohio
Bonds Authorized.—The City Council has
passed a resolution providing for tbe issuance of $5,000 sewer
bonds; also a resolution to issue $26,000 bonds to pay city's
proportion of street improvements.
Johnstown, N. T.—Bonds Voted.— By a vote of 138 for to
14 against, this city on April 14 authorized the issuance of
$31,000 sewer bonds. Details of issue not yet determined.
.Jopliu (Mo.) School District.— Bonds Voted.— By a vote
of 475 to 81, this district on April 11 authorized the issuance
of $30,000 4% 10-20-year (optional) bonds. Date of sale not yet
determined.
Kingman, Kan.— Bond Election.— This city on May 8 will
vote on the question of issuing $25,000 water-works bonds.
Kingston, N. Y. Temporary Loan.— Oa April 18 the $65,010 38 4% 6-month promissory note was awarded to S. D.
Coykendall, President First National Bank of Rondout,
Kingston.
Labelle, Lewis County, Mo. Bonds Registered. The State
Auditor on April 5 registered an issue ot $7,000 5% 5-20-year
(optional) electric-light-plant bonds of $100 each.
La Crosse, Wis.— Bond Sale. This city on April 7 awarded
an ifsue of $15,000 4% 10-20 year (optional) sewer bonds to N.
W. Halsev & Co., Chicago, for $15,139. Denomination,
$1,000. Date, May 1, 11)04. Interest, semi-annnal.
L&kewood (Ohio) School District.— Bonds Authorized.
The issuance of $75,000 school- building bonds has been au-
—
—
—
thorized.
city has
sold at par to various local people $25,000 ot the $100,000 4%
electric-light and power bonds voted at the election Jan. 11,
1904.
Subscriptions for the unsold part of this issue will be
received at any time. Denominations, $100, $500 and $1,000.
Date, May 1, 1904. Interest, semi-annual. Maturity as fol-
Lawrence County, Ind.— Bond Sale.— Oa A.pril 4 $33,000
Co.,
4% jail bonds were awarded to Radolph Kleybolte
Citicinnati, for $34,174 70.
Date of bonds. April 15, 1904.
Interest, May and November. Maturity, 20, years, subject
to call after 10 years.
Lee Connty (P. O. Tupelo), Miss.— Bond Sale.— This county
on April 4 awarded an issue of $50,000
25 year court-house
bonds, dated April 1, 1904, to F. R. Fulton
Co., Chicago,
at 100*53. Interest, semi-annual.
Bond Sale.
Lewis Connty (Wash.) School District No.
The County Treasurer on April 9 awarded an issue of
$5,000 4%% school bonds to the State of Washington at par
lows:
Denomination,
Union Sav. Bk. A
Tr. Co.. Cln. 26,266 00
Denison, Prior & Co., Cleveland and Boston
26,212 50
8. Kuhn ASons, Cincinnati... 26.150 00
See V. 78,
25,876 on
Security Sav. Bank A Tr. Co. 26.837 60
W. K.Todd A Co., Clncin
26,777 0j
First Nat. Bank
25.40000
Cleveland
p. 1410, for description of
Hannibal, Mo.
bonds.
Bond Sale —Bond Offering.— This
9 20,000 4% bonds, $100 each. Maturity, 20 years, subject to
20.000 4%
10.000 4%
10,00" 4*
20,i 00 4%
20.000 4%
call after 6 years.
bonds, $100 each. Maturity, 20 years, subject to call alter 10 years.
bonds, $900 each. Maturity. 20 years, subject to call after 6 years.
bonds. 1600 each. Maturity. 20 years, subject to call after 10 years
bonos. $1,000 each. Maturity, 2i' years, subject to call after years"
bonds, M,000 each. Maturity, 20 years, subject, to call after 10 years'
f>
Charles F. Shepherd is City Clerk and Auditor.
Hallieshnrg, Miss.— Bonds Authorized. The City Council has decided to issue $60,000 electric-light plunt bonds.
Hickory, N.
Bond Sale.— On April 5 the $60,000 5i
water, sewer and street-improvement bonds described in V.
78, p. 1235, were awarded to the Shuford National Bank of
Newton, N, C, at 101.
Hi*h Poiat, N.
Bond Sale.— MacDonald, McCoy
Co., Chicago, recently purchased $40,000 5% 30 year improvement and $15,000 5$ 30-year school bonds of this town. Denomination, $1,000. Interest, semi-annually in New York
City. The pri^e paid was 10050 and interest.
Hillsboro (111.) School District.— Bond Sate.-OnApril 16
an l6sue of $17,000 b% building bonds was awarded to N. W.
Haleey & Co., Chicago, at 106J^. Denomination, 81,000.
Date, May 1, 1904. Interest, annual. Maturity, one bond
yearly, unpaid bonds being subject to call after ten years.
Hoosick (Town), Rensselaer County, N. Y.— Bonds Authorized.— An issue of $18,497 75 4% coupon bridge and highway bonds has been authored. Denomination, $1,000. Date,
Jnlv 1, 1904. Maturity, one bond yearly.
Hope Special School District, N. Dak.— Bond Sale— This
district has sold to the State at par $17,000 4% 20 year bonds,
dated April 15, 1904.
II mi tHY il If,
Mo.— Bond Offering.— Proposals will be received until 7 p. m., April 25, by B. H. Ashcom, City Clerk,
for $17,500 5$ macadamizing bonds. Authority, vote 243 for
to 61 against at election held March 19. Denomination, $500.
Interest, semiannual.
Maturity, $8,500 in ten years, sub-
—
C—
C—
&
ject to call after five years, and $9,000 in twenty years, subject to call alter ten years. Deposit $1,000 required. These
bonds were offered as 4s on April 18, but were not sold.
HyattBTille, Md.— Bond Offering.— Proposals will be received until 12 m., May 11, by the Mayor and Treasurer, care
&
H
&
3—
—
Date, May 1, 1904. Interest, annual
$1,000.
Maturity, May 1, 1924, subject to call after May 1, 1914.
Lincoln, Neb.— Bond Saie.—Oa April 18 the $1,290 5% 1-10year (serial) Alley Paving District No. 14 bonds described in
V. 78, p. 1410, were awarded to W. E, Bark ley Jr. of Lincoln for $1,331 and interest. There were no other bidders
Lincoln Connty (Wash) School District No. IS.— Bond
Sale.—Oa April 9 $7,000 by2 % school bonds were awarded to
the R jyal Trnst Co. of Chicago.
Lincoln Township, Pottavintaiiiie County, Kan. Bonds
— Bonds in aid of the Topeka Frankfort & Northwestern Railroad were authorized at the election April 12.
Voted.
The vote was
33 to
9.
Los Angeles, Cal.— Bonds Voted.— This city on April 15
voted to issue $337,5u0 water-works-purchase, $150,000 impounding-reservoir and $50,000 detention-hospital bonds. The
vote was as follows
1,797 to 324 on the first-named issue,
1,776 to 327 on the second and 1,637 to 445 on the third.
Lowell Special School District (P. O. Low ell ville), Mahoning County, Ohio— Bond Sale.—Oa April 13 the $25,000
6g 1-20 year (serial) school- building bonds described in V. 78,
p. 1187, were awarded to bpitzer & Co., Toledo, at 113*828
and interest. Following are the bids
$28,467 00 New 1st Nat. B'k Columbus. $27,150 00
Spitzer A Co., Toledo..
KoO«r, llolzruan * Co.. Cln... 26,160 00 1'rov .Sav. B'k A Tr. Co. Cm. 27.022 50
W.J. Hayes* Sons. Cleve... 27,030 00 Hayden. Miller A Co., Cleve. 26.975 00
Well, Both A Co.. Cincinnati. 27,012 60 N. W. Hulsey x Co., N. Y. ... 26,827 60
27.817 Ou Fuller, Parsons A Snyder.
Heasoniiood & Mayer, On
Cleveland
26,*62 60
Denlson, Prior A Co.. Cleve27,777 00 Struthers Sav. A Banking Co. 26.005 00
land A Boston
:
:
Cincinnati Trust Co., Clncin. 27,030 00
Lamprecht Bros, f'o., Oieve.. »:.267 5J
Union Sav. B'k A Tr. Co..Cln. 27 260 00
First Nat. Bank. BarjiesvlUe. 26,010 00
First Nat. Hank. Niles
2S.776 00
It. lileybolte ACo. (for 6s)... 25.115 00
Lngouia School District, San Bernardino Connty, Cal.
Bond Sale.-Oa
April 11 the $15,UU0 5% 5 19-year (serial) gold
school bonds described in V. 78, p. 1285, were awarded to the
Adams-Phillips Co., Los Angeles, at 102*64 and interest.
Following are the bids
:
Adanis-Phlllips Co., Los Ange. .$16,:'8C
N W.Harris A Co., Chicago.... 'lo,676
+16,455
\V. H. Allen A Son
*
II.
Kolitns
A
Sons. San Fran.$15,V77
L.08.AiiKeles Trust
15.30S
16.027
Co
check enclosed with bid was for 5S'of bonds, not
Bid rejected. +.No certified check as lequlred.
Certified
quired.
K.
Cliff Koiiers
55C
of bid, as re-
—
Apk.
—
THE CHRONICLE.
23, 1904.1
Luverne, ttuck County,
Minn.— Bona
Offtring.— Proposals
will be received until 8 P. M., May 3, by W. A. Shelbam^r,
Town Clerk, for $5,000 h%i coupon refunding Cedar Rapids
Northwestern Railway bonds. Denomination,
Iowa Falls
Date, May 1, 1904. Interest annually on July 1 t.t the
$500.
First National Bank of Luverne. Maturity, $500 yearly on
July 1 from 1905 to 1914, inclusive.
McGregor, Texas.— Bonds Voted.— This city has voted to
issue bonds for street improvements. The election was held
&
April
5.
Magnolia, Pike County, Miss.— Bond Offering.— Propose
will be received until 12 m., May 4, by L. L. Limpton, lor
water-works bonds. Authority, election Oct. 27,
§25,000
Denominations, $100 and $500. Interest, annual. Ma1903,
turity. $100 yearly on June 1 from 1905 to 1924, inclusive,
and $23,000 ($500 bonds) Juce 1, 1924. Bonds are exempt from
H
Dd^osic of $1,000 reqaired of successful bidder,
Bonded debt at present, §1,000. Assessed valuation, $621,555;
taxation.
real value, $1,250,000.
Mahoning Coaoty, Ohio.— Bond Offering.— Proposals will
be received until 10 a. m., May 7, by the Counry Commissioners, for $18,000 4)4% bridge bonds. Denomination, $1,(0).
Date, May 7, 1904. Interest, March 1 and September 1 at
the office of the County Treasurer. Maturity, $2,000 yearly
on September 1 frcm 1905 to 1913, inclusive. Authority for
issue, Sections 871, 872 and 2825, Revised Statutes of Ohio
Certified check for $500, drawn on some bank of Mahoning
County and payable to the County Treasurer, required, W.
R, Leonard ie County Auditor.
Mancbester, Ohio.— Bond 8ale.—Oa April 15 $6,000 5?
funding bonds were awarded to Weil, Roth & Co., Cincinnati, at 105 75.
Denomination, $1,000. Date, Sept. 18, 1903.
Interest, semi-annual. Maturity, $1,000 yearly from 1911 to
1916, inclusive.
Maryland.— Loan Authr rized.— The State Legislature prior
adjournment authorized a loan of $1,625,000 for various
public improvements. The Legislature also appropriated
$250,000 as a relief measure on account of the fire in Baltito
more.
MassillOD, Ohio.— Bond Sale.-Qn April 16 the $20,000 i%%
street-improvement bonds described in V. 78, p. 1288, were
awarded to E. H. Rollins & Sons, Boston, for $20,523 40 and
interest.
Following are the bids
E II. Rollins* 8ons.Boston.|20,523 40 Denison, Prior & Co.. Cleve-'
20,36t> 00
land and Boston
Well. RothA Co.. Cincin
120,342 00
seasougood & Mayer, Cin.... 80,353 25 Noble, Moss & Co., Detroit.
20.25U 50
N. W. HalseyACo.. N. Y
20,852 00 Fuller, Parsons & Snyder.
:
. .
Dayton Sav.i Trust Bank.
20,49* 00
Several bids were rejected.
.
.
Cleveland
20,010 00
Memphis, Tenn.— Bond Bids.— The only other bid received
April 14 for the $200,000 42 water bonds awarded, as stated
list week to the Memphis Trust Co. at 100*255 and interest,
was that of Seasongood & Mayer, Cincinnati, at par and interest,
Mesa City, Ariz. Bonds Voted.— Sixty-eight votes were
cast in favor of and none against the proposition to issue
$3,500 5% 20 year road bonds at the election held April 2.
Date of sale not yet determined.
Mexia (Texas) School District.— Bonds Voted.—This
trict at the reoent election
dis-
voted to issue bonds for a new
scbool building.
Milwaukee, Wis.— Bonds
Voted.
— The
1 at the First National Bunk of Luverne.
Maturity,
$500 yearly on July 1 from 1905 to 1909, inclusive. O. S.
Anderson is Town Clerk.
are advised
Montreal, (Jne.— Debentuns Awarded.—
that the $476 600 4% debentures, kids for which were opened
on April **. hav« b^en awarded as follows :
on July
We
-
to Montreal Cemetery Co. at 101 25,
lson Smith ill 101'Uf25.
>0to R.
:)ul,600 to Montreal Cny Jt District Savings Bank at 101-2517.
For lint ot bios oee last weea'b Chronicle, page 1459.
)
W
Monut Pleasunt, Mich.— Bond Offering.— Proposals will
be received until 7 P. M., May 2, by W. C. McDonald, City
Clerk, for $8,000 4% ctment sidewalk bond". Authority, vote
4' 8 tor to 179 against at t lection field April i, liJOJ.
DenomDate, May 2, 1904. Interest, semi-annually
ination, $>00.
on May 1 and Novemoer 1. Maturity, one bond yearly.
Mount Vernon
225,000.
Newport, B. I.— Bonds Authorized.— The election held
April 12 resulted in 1,028 votes being cast in favor of and 743
against the proposition to issue $50,000 additional high-school
bonds. This makes $150,000 bonds authorized for this purpose.
See V.
City Comptroller, for $37,000,000
pon corporate stock, as follows
•480,000 for Washington Avenue AMaduct. Vote 14,378 to 7.207.
435,000 ror First Avenue and Sixth Street Viaduct. Vote 12.fc32 to 6 958.
200,000 for torntne bastus in the river. Vote 11,373 to 6e4a.
125.00O for Michigan street Bridge. Vote 11 914 to 6,881.
500,000 for municipal lighting plant. Vote 15,819 to 7.035.
130,000 for Kinnicklnnic flushing works. Vote 18.803 to 6,273.
50,000 tor isolation Hospital and site. Vote 12.709 to 6.764.
15,000 for Fifth Ward engine house. Vote 11.228 to 6,627.
15.000 for Sixteenth Ward engine house. Vote 11,437 to 6 649.
170,000 for new Ure engines and other equipment. Vote ll.fc82 to 7,065.
3,000,000
b, 700,000
600,000
450.100
Offtring.— Proposals will be received until 10 a.m.,
by the Commissioners of the Public Debt, at the
office of the City Comptroller, for $60,000 4% 1-20-year (eerial)
coupon sohool bonds. Denomination, $1,000. Date, Jan. 1,
19C4.
Interest, semi-annually at the office of the City Treasurer or at the Morton Trust Co. of New York City. The
principal of the.bonde may be registered at the option of the
purchaeer. Accrued interest to be paid by purchaser.
Minneota, Minn— Bond Sale.- On April 18 the $6,000 5%
village-hall and lock-np bonds described in V. 78, p. 1236
were awarded to F. E. Magraw at a premium of $35 and
blank bonds.
Minnesota.— Bond Sale.— The State Board of Investment
on April 4 granted $25,225 4% school-district loans, as follows:
26,
Moornead, Clay County, $6,000; District No. 3, Grant County,
$5,500; No. 69, Dodge, $5,000; No. 181, Fillmore, $1,200; No.
8, Itasca, $1,000; No 57, Hubbard, $800; No. 42, Kanabec,
$650; No. 66, Kittson, $600; No. 28, Becker, $600; No, 52,
Benton, $600; No. 172, Otter Tail, $550; No. 86, Crow Wing,
$500; No. 71, Becker, $500; No. 46, Polk, $400; No. 93,
Becker, $100; No. 12, Pine, $300; No. 69, Kittson, $300; No.
66, Roseau, $175; No. 87, Marshall, $150.
Mississippi Levee District, Miss.— Bond Sale— On April
18 only $60,000 of the $1,000,000 5% 40-year bonds of this district were sold, this amount being awarded to A. J. Aldiidge
at par.
are advised that no satisfactory bids were receivtd for the whole issue.
We
Mound (Town), Rock County, Mian.— Bond
Offering.—
Proposals will be received until 8 P. M., May 3, by the Board
of Supervisors at the Council Chamber in the City Hall, in
the village of Luverae, for $2,500 5%% coupon ref undiog bonds.
Denomination, $500.
Date, May 1, 1904. Interest annually
Z%%
gold registered or cou-
:
2,650.000
600,000
Bond
—
City.— Bond Offering. Proposals will be received until 2 p.m., May 3, 1904, by Edward M. Grout,
April 5 resulted in favor of the various proposed bond issues,
aggregating $2 050,000, as follows
April
78, p. 1411.
New York
held
:
d check for
$2l
required.
(N. Y.) {"choid District.— Bond offering.—
Proposals will be received until 8 P. M. to-day (April 23), by
the Board of Education, at the High School Building on
South Fourth AveuU», for $35, f 00 4% registered or coupon
Denomination, $1,000.
Date, June 1,
school-loan bonds.
Maturity, $10,000 on June 1
Iuterest, semi annual.
1904.
from 1934 to 1936, inclusive, and $5,000 on June 1, 1937. Certified check for $1,000, payable to the Board of Education,
required. Edwin Q. Bienvenu is Clerk Board of Education.
These bonds were offered as 8^s on March 26, but not sold.
Napoleon, Ohio.— Bond Offerin g.— Proposals will be received until 12 M., May 3, oy F. W. Hilgendorff, Village
Clerk, for $25,0u0 4%% coupon electric-light and water- worksimprovement bonds. Denomination, $1,000. Date, April 1,
Interest, March 1 and September 1 at the office of the
1904.
Maturity, April 1, 1924.
Purchasers
Village Treasurer.
muBt furnish lithographed forms free cf charge, New York
draft for $500, payable to the Village Treasurer, required.
Bonded debt, including this issue, $228,854.
Newai k (N. Y.) Union Free School and Academy Disti ict
No. 8.— Bond Offering.— Proposals will be received until May
9, by J. A. Reed, Secretary Board of Education, for $7,i 00
Denomination, $1,000. Date, June 1, 1904. In4% bonds.
Maturity, $2,000
tereet, aemi-annualJy in New York City.
on December 1 of each of the years 1910, 1911 and 1912, and
$1,000 in Dec. 1, 1913. This issue takes the place of alike
amount of bonds awarded at par on October 31 of last year,
as stated in the Chronicle November 7. Several irregularities having been discovered, it was deemed best to go
over the proceedings once more, and a new election was
therefore held on April 12, and the bonds re- authorized.
Bonded debt, $18,000.
Assessed valuation about $1,-
Certirit
$4,700,000
election
I.il3
2,60i',00o
will makeMi. 366.000 sucn bonds issued to date.
SH% Btock for Department Docks and Ferries.
M)*% stock for Department Docks and Perries.
3^4% stock for school houses and sites.
3J*$ stock for school houses and sites.
«H* stock for new Kast Klver bridge.
8K% stock for brloge over East River— Manhattan and Brooklyn.
8!** Btock for bridge over East River— Manhattan and Queens.
3J^< stock for bridge over East River— Manhattan and Queens.
SViJl stock for bridge approaches— Harlem River.
8H* stock for bridge approacb— Harlem River at Willis Ave.
S$4% stock for awards tor damages, change ol grade.
?h% stock tor bridge over Harlem River at 20', th Street.
:<H* stock for bridge over Newtown Creek, Manhattan Ave., Br'klyn.
3H* stock for construction of Rapid Transit Railroad. This
30H.O0O
200,0(0
160,000
100,000
lOO.Ooo
350,000
3,000,000 8}«* stock for re-paving streets.
160,000 8^t stock for re-paving streets.
60,0i
i:)4% stock for construction and Installing heat
and light plant
American Museum Natural History.
?J^% stock lor Unlhbing building Amer. Museum Natural History.
3h* stock for easterly wing Brooklyn Ilsi. ot Arts and Sciences.
3H< stock for new Bellevue Hospital.
SH* stock for new narlem Hospital
60,000
itO.OOO
60,000
20J.000
loo.OOO 8H% stock for completing (iouverneur Hospital,
6".o00 W*% stock for new ITordbam Ho»pit«l— Borough Bronx.
K 0,000 M^» stock for buildings— College or tne t »ty of New Vork.
60,000 3h4* stock for Borougn Building- Borough of Richmond.
100,000 3*»J stock for I'nblic Comfort Station— Borough of Manhattan.
20o,i 00 SJ<ji stock for buildings — Department Public Charities.
200,000 «v»* sioc* for buildings— Department of Health.
700,000 S%% stock for new Hall or Recoros.
260.000 3h% siock for Kire Department purposes.
100,000 3** stock for improvement Botaulcal Garden and equipment of Botanical Museum and Herbarium.
100,000 3H* stock for Bronx Paik— New York Zoological Society.
260,0t0 3k.% stock lor sites lor Carnegie libra' les.
100,000 S'/ii stock for improvement Atlantic Ave.— Borough Brooklyn.
1< 0,i 00 3>t? stock for sewers— Borougn Brooklyn.
00.000 3h* stock for new stock or plant— Department Street Cleaning.
760,000 8^* stock for extension Riverside Drive.
600,000 3^% stock for street and park opening fund.
360,000 3)4C stock for interior public baths.
1,0 O.wOO SJiS stock lor additional water supply.
600.COO H^» stock for additional water supply.
650,000 SJ<ji stock for improvement parks, parkways and drives.
lfiO.OlO 3^* stock for improvement parks, pamways and drives.
1,000,000 3^% gtoek for payment of assessments.
200,000 :iH* stock for Police Department purposes.
250,000 3H* stock for armories and sites.
;
May
and the
in-
payable
1 and
1.
$1,000,000 3*4% stock for new aqueduct, maturing April 1, 1054, Interest. A
6,000,000 3)4* assessment bonds, maturing May 1, 1W14. Interest.
AN.
40.
All the abo\e bonds will mature
terest will be
May
1,
1954,
November
M
The
are exempt from taxation except
for State purposes. Either money or a certified check
drawn to the order of the City Comptroller upon one of the
State or national banks of New York City for 2% of the
par value of the stock bid for must accompany proposals.
above issues
——
THE CHRONICLE.
1514
Chapter 274 of the Laws of 1904, which applies to the sale
of bonds of the City of New York, provides that "all ornone" bids cannot be considered by the Comptroller unless
the bidder offering to purchase "all or none" of the bonds
offered for sale shall also offer to purchase "all or any part"
thereof.
Under the City Charter bonds may be
issued in denom-
inations of $10 or any multiple thereof.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Niagara Falls, N. Y.— Bond Election.— An election will be
held In this city on Mav 3, when the people will vote upon
the proposition to iesue $75,000 fire-department bonds.
Norfolk l ountj (P. O. Uedham), Mass.— Bond Offering.—
Proposals will be received until 10 A. M., April 26, by the
County Commissioners, for $100,000 4$ building bonds. Securities are authorized by Chapter 284, Laws of 1901 (as
amended by Chapter 842, Laws of 1903,) for the purpose of
erecting a building for the registries of deeds and probate
and for the Probate Court. The amount of bonds that can
be issued under the Act is $280,000, and the amount issued to
date, not including the $100,000 above referred to, is $120,000.
Interest, semi-annual. Maturity of the $100,000 now offered,
$20,000 yearly on July 1 from 1911 to 1916, inclusive.
Norwich, N. Y.— Bond Offering.— William F. Wilbur, Vil
lage Treasurer, will sell at public auction at 10 A M. May 2
$6,000 1% coupon Plymouth Street macadamizing bonds.
Authority, election March 2, 1903. Denomination, $500. InMaturity, $3,000 Aug. 1,
terest, February 1 and August 1.
19 9. and $3,000 Aug. 1. 1910.
Oakland Comity, Mich.— Bond Sale.— On April 12, the
$100.000 4* coupon court house building bonds described in
V. 78, p. 1236, '.were awarded *to the Pontiac Savings Bank
and the First Commercial Bank of Pontiac at their joint bid
of 100*40. Bonds are dated April 1, 1904.
Oakland (Cal ) School District— Bond Election.— An election will be held to day (April 28) to vote on the question of
issuing $960,000 4* 1-40 year (serial) bonds.
Ocean City, Md.— Bonds Authorized by Legislature.—The
State Legislature has authorized a loan of $15,000. The Governor has signed the bill.
Omaha, Neb.— Bonds Defeated.—Th\a city on April 5 voted
against the issuance of $200,000 8%<t funding bonds.
Bond Offering.— Proposals will be received until 8 p. m.
June 1 by A. H. Hennings, City Treasurer, for $170,000 t%%
20-year paving and sewer-renewal (bonds. Denomination,
Date, July i, 1904. Interest semi-annually at the
$1,000.
agency in the city of New York.
Bids will also be received by Mr. Hennings until 3 pm.
June 2 for $127,000 i%t 20-year renewal bonds. Denomination, $1,000.
Delivery to be
ide as follows
$29,400 on
June 1, $9,000 on July 1, $60,100 on Aug. 1, $12,500 on Sept. 1,
fiscal
m
:
$8,000 on Nov. 1 and $8,000 on Dec. 1.
Bids for each of the above issues must be accompanied by
a check on a national bank for $5,000. Purchaser to pay accrued interest. Delivery and payment of bonds to be made
at the banking house of Kountze Bros, in New York City.
Oneida, N. Y.— Bond Sate.- On April 20 the four issues of
4% sewer and paving bonds, aggregating $33,855 19, were
awarded to the Hudson City Savings InsMtut on at 100*41 and
accrued interest. Other bidders were W. J. Hayes
Sons,
Cleveland, who offered 100*02 and interest, and the Oneida
Savings Bank, whose bid was par and interest. Bjnds were
described in last week's Chronicle, page 1460.
Onondaga County (P. O. Syracuse), N. Y. -Price Paid for
Bonds.—
axe advised that the $1,000,000 At courthouse
bonds Recently awarded to N. W. Halsey
Co., New York
City, were purchased on the following basis: $500,000 bonds
maturing from one to twenty-five years at 105-19 and $500,000 bonds maturing in twenty five years atl08'29
Orange Union High School District, Orange County, Cal.
Bond Election.—The trustees have called an election May
7 to vo'e on the question of issuing $35,<»00 bonds.
Oswegatchie(Town), St. L»*rence County, N. Y.- Bonds
Authorized.—This town has authorized the issuance of $20,000 bonds. John Bl Fell is Supervisor.
Osjka, Miss.— Bonos Voted.— This place on April 4, by a
vote of 74 to 12, authorized the issuance of $15,000 electriclight and water works bonds.
&
We
&
—
Owensburo, Ky.— Bond Offering.— Martin Yewell, Mayor,
offering at private sale $198,000 4* coupon water-works
bonds. Denomination, $1,000. Date, Jan. 1, 1901. Interest
srmi-annually at the National Deposit Bank of Owensboro.
is
Maturity, Jan. 1, 1981, subject to call after Jan. 1, 1911.
Tnese bonds were authorized by a vote of 1483 to 444 at election Nov. 6. 1900. 8ince that date they have been the subject of considerable litigation, but a decision of the United
States Circuit Court filed Sept. 21, 1908 (*ee V. 77, p. 2295,)
was in favor of the legality of the bonds, and this decision
was affirmed upon appeal by the Supreme Court of the
United States on March 7, 1904.
Pawtncket, R. I.- Bond Sale.— On April 20 the $650,000
(four issues) 4* gold bond* described in V. 78, p. 1460, were
awarded to Kouutze Bros,, New York City, at 108521 and
interest.
Paxton,
W.—Bond
Sate.— This place has sold to MacDonof Chioago an issue of $10,000 t%t 1-20year (serial) sewer bonds. Denomination, $500. D*te, May
Interest annually at the office of City Treasurer.
1, 1904.
ald,
McCoy
& Co.
:
:
[Vol. lxxviii.
Pensacola, Fla.— Bond Offering.— Proposals will be received until 12 m June 1, by the Board of Bond Trustees—
L. Hilton Green. President— for $750,000 4* gold improvement bonds. Denominations, $100, $500 and $1,000. Date,
July 1, 1904. Interest, semi annual. Maturity, July 1, 1954,
"unless sconer redeemed as provided by law."
Philippine Islands.— Bond Bids.— Following are the bids
received April 15 for the $-},000,000 4* certificates of indebtedness awarded, as stated last week, to the American National Bank of Kansas City :
,
American National Bank, Kansas
City,
all
101-181
}f<
For *100,000
102 059
(For
Mo.
Thos. Branch 4 Co.. Richmond, Va
Commercial National Bank. Columbus
{
Bacbe A Co., New York
N.
Harris 4 Co., New York
Dudley 8. Harde
J. S.
W
i«W» """"l&WS
{J|»
For
101'50
F
10T126
I»i043
80.OOO
.rl.0O0.0n0
For all or part
For all or any #art..l00»37
10(C67
Nati >nal Kxcnaofre Ba- k. Baltimore
For $*O0,000
National City Bauk. Guarantee Trust Co.. Harvey
100*17
Flsk 4 Sons and Flsk A RoMnson, New York Ciiy.For all or nose
Par
J. Hendrlc»s. North Wales, Pa
For • 10.00(1
Par
J B Mason, Boston
For 2,000
Par
For 1,000
Edward Day Barker, Colorado Springs
Pnoeuix, Ariz.— Bonds Voted.— The election April 11 resulted in favor of the issuance of $67,500 Tonto Road bonds.
The vote was 686 for and 88 against the issue.
Pittsburgh, Pa.— Bonds Authorized.—The City Councils
have passed the ordinance providing for the issuance of the
$1,123,278 29 judgment bonds mentioned in the Chronicle
March 26.
Portland, JHe.—Loan Offering.— Proposals will be reoeived
until 8 P. M April 28, by James L. Dyer, City Treasurer, for
the discount of either $100,000, $150,000 or $200,000 tempo,
rary loan notes in anticipation of the collection of taxes.
Loan will be dated the day of sale and will be payable Oct. 1,
1904, without grace, either in Boston or Portland.
Potter County, Texas.—Bonds Voted.— The vote at the
election April 5 on the question of issuing $50,000 5-40-year
(optional) court-house and jail bonds was 327 for to 66 against
the proposition. The date of sale and details of the issue
have not yet been determined.
Renfrew, Ont.—Debenture Sale.— On April 6 the $5,578 05
i% local-improvement debentures mentioned in V. 78, p 1237,
were awarded to the Dominion Securities Corporation of Toronto for $5,372 an 1 interest. Following are the bids
Dominion
Wm. C
Sec. Corp..
Toronto. 16,372 00 Geo. A. Stimson
6,346 Oo H. O'Hara A Co
Brent, Toronto
Brouse. Mitchell a. Co
4 Co., T^ro...** .^
5
,
Toronto
00
S.341 00
0,S)1 60
Rensselaer, N. Y.— Bond Offering.— Proposals will be received until 10 a. m. May 17, by Philip J. Qjmph, City
Treasurer, for $22,702 71 4% registered paving bonds (city's
share). Denomination, $1,000 except one bond of $702 71.
Date, June 6, 1904. Maturity, $702 71 on June 6, 1905. and
$1,000 yearly on June 6 from 1906 to 1927, inclusive, Each
proposal must be accompanied by a certified check, payable
to the City Treasurer, for 2i of the amount bid for.
Revere, Mass.— Bond Bids.— Following are the bids resewer bonds, awarded, as
ceived April 15 for the $52,000
Co., Boston, at 103 05
stated last week, to Jose, Parker
H
&
101*65
103-05
Blake Bros, 4 Co.. Bostcn
Parker 4 Co.. Boston
101-68
102 20
Kountze Bros New York
Jackson & Curtis, Boston
101*80
Bloduet. Merrltt 4 Co.. Bostou. 101-301
Geo. A. Fernaid 4 Co.. Boston..
100-379
10 1-789 N. W. Harris 4 Co., Boston
K. I .. Day * Co., Boston
B. H. Rollins 4 Sons, Boston... 101'773
Jose.
.
Denomination, $1,000. Date, May 1, 1904.
Maturity, $4,000 yearly on May
annually.
1
Interest semifrom 1905 to
19 7, inclusive.
Richmond (Mo.) School District —Bonds Voted.— An issue
of $12,000 5-year school-building bonds was authorized by a
vote of 819 to 69 at the election held April 5.
Koch port, Ohio. Bond Election.— An election will be
held April 25 to vote on the question of issuing $75,000 waterworks bonds. W, L. Nichols is Village Clerk.
Saginaw, Mich.— Bond Sate.— On April 16 the $25,000
refunding water bonds described in V. 78, p. 1461. were
awarded to E D. Shepard & Co., New York City, at 105*02
and interest. Following are the bids
H
:
Shepard 4C0..N. Y.... 126.265 00 Beasonnood 4'Mayer. Clncln. 125.722 ?5
an.i «a 60
K. Kleybolre * Co Clncln... 26,715 00
Kstabrook 4 Co., Boston
Bloduni. Merrtu «(,,.. Bost.. 26,11260 Farson. Leach & Co..Chlca«o. 26.711 00
E. 11. Rollins & Sons. Chic... 26,11160 Kountze Bros.. New Y«rk .. 2s.6to 25
26,087 25 W. J. Hayes a Sons. Clave.
2i.«30 oo
R. L. Day 4 Co., Boston
Spltier 4 Co.. Toledo
i-enlson, Prior A Co., Cleve26.637 00
26,792 50 Lawrence Barnum 4 Co.,N.Y 26,250 00
land and Boston
E. D.
,
A Co.. Boston.... 25,73 ) 25
Albans, Vt.— Bond Election.— A speoial city meeting
will be held April 27 to vote on the question of issuing $7,000
public-works improvement bonds.
St. Joseph (Mo.) School District.— Bonds Voted and Defeated.— We are advised that the proposition to issue $t)5,000
scbool bonds carried at the recent spring election, but that
the proposition to issue $75,000 manual-training-school bonds
failed to receive the necessary two-thirds majority.
San Francisco, Cal. Suit in Supreme Court.— We are advised that the suit of Herbert E, Law brought to prevent the
issuance of the ten issues of bonds voted at the election
Sept. 29, 1903, is now in the Supreme Court on appeal, and a
decision is looked for about tne first of July. The Superior
Court sustained a demurrer to the complaint. See V. 78, p.
Blake Bros.
St.
836.
Seneca County, Ohio.— Bond Offering.— Proposals will be
received until 1 P. m,, May 17, by Lee Nighswander, County
Anditor, for $25,000 5<S coupon bridge bonds. Denomination,
Date, May 1, 1904. Interest semi-annually at the
$1 000.
-fflceof the County Treasurer. Maturity, $5,000 yearly on
May 1 from 1905 to 1909, inclusive. Authority, Section 871,
Revise! Statutes of Ohio. Cash or certified check for $300,
payable to tbe County Treasurer, required.
—
Apr.
: :
:
THE CHRONICLE.
23, 1904.]
Sjdnej Mines, N. H.— Debenture Offering.— Proposals will
be received until \'i M., May 11, by Dan. C McDonald, Town
Clerk and Treasurer, for $75,000 4^4i 20-y«-ar water-worka
debentures. Authority, Chapter 81, Laws of 1902. DenomInterest, semi-annual.
Also $40,000
20ination, $500.
year sewer debentures authorized by Chapter 90, Acts of
Denomination, $500. Interest, semi-annual.
1903
Shawano, Wia.— Bonds Voted.— This village at the recent
spring election voted to issue $10,000 sewer bonds.
Sidney, Ohio.— Bond Offering.— Proposals will be received
until 12 ii,, May 2, by G. E. Lippincott, City Auditor, for
$5,400 5$ certificates of indebtedness, repayable in six months.
Certificates are as follows
4^
:
Five certificates of 1500 each on tbe sinking fund.
Four certificates of $500 each on the general government, f and.
One certificate of $300 on tbe general government land.
One certificate of (600 on the public healtb fund.
Securities are dated March 1, 1904. Maturity, Sept.
Certified «heok for |200 required with bids.
1,
to issue $16,000 4% school-improvement bonds, to mature
$1,000 yearly beginning Jan. 1, 1906. Interest, semi-annual.
Date of sale not yet determined.
Springfield, Ohio. Bids. Following are the bids received
April 12 for the $40,000 4% street bonds, awarded, as stated
Mayer of Cincinnati
Inst week, to Seasongood
—
&
Seasongood 4 Mayer. Cla
Springfield Savings Bank
Blodget. Merrli & Co.. Bolt.
t
W. J. Hayes *
Bone.
Ueve
R. Klevbolte & Co.. Clnoln. .140,860
B. Todd 4 Co.. Clncin
40.275
Well. Roth 4 Co.. Cincinnati. 40,160
A. Kleybolte 4 Co., Cincln. . 40,020
00
40,465 00
40.460 00
k.40.382 00
*l0,4fifl
.
.
W
.
.
00
00
00
00
bonds.
Spring Lake, N. J.— Bond Sale.— On April 18 $15,000 4%*
board-walk bonds were awarded to the First National Bank
Denomination, $500. D*te,
of Spring Lake at 100*80.
April 15, 1904, Interest, semi-annual. Maturity, April 15,
See V.
78, p. 1290, for description of
1914.
Sumter Connty, Ala.— Bond Sale.— On April 4 the $50,000
5* road bonds described in V. 78, p. 1188, were awarded to
Spitzer& Co., Toledo, at 104*20. Bonds are dated Jan. 7,
1904, and mature Jan, 7, 1934. Interest semi-annually on
January 1 and July 1.
Swainsboro, 6a.— Bond Offering.—Proposals will be received until 12 M May 8, by the Mayor and the City Council, for $12,000 5£ school-house bonds. Denomination, $1,000.
Date, June 1, 1904. Interest annually on June 1 at the Citizens' Bank of Swainsboro. Maturity, June 1, 1934. Certified check for 2% of bid, payable to the oity of Swainsboro,
required. Bidders must be satisfied as to the legality of the
bonds before bidding.
,
NEW
— An
SjkeBton School District, N. Dak.— Bond Sale.
of $4,000 4$ 2U-year school-house bonds has been
ite of issue, May 1, 1904.
by the State at par.
Tecum sen (Neb.) High School District No. 32.— Bonds
Voted— Bond Offering.— The eleotion held April 5 resulted in
303 votes being cast in favor of and 163 against the proposition to issue $17,000 school-house bonds at not exceeding 6£
Proposals for these bonds will be received until 8
interest.
p. m., May 2, by E. H. Grist, Secretary Board of E -location.
Date, July 11, 1904. Interest semi-annually in New York
City. Maturity, 15 years, subject to call after 5 years. The
above issue will represent the only debt of the district. Assessed valuation, $277,898; real value, about $2,500,000. Cer
tified check for $500, payable to L. M. Davis, Treasurer, required.
Toledo, Ohio.— Bond Offering. Proposals will be received
until 7:30 p. M., May 11, by R. Q. Bacon, City Auditor, for
the following bonds
—
$11,474 41 i% Detroit Avenue Improvement No. 4 bonds, o»e for 91,124 41 and
nine for »1.150 each.
8,104 01 *% Kloyd Street improvement No. 2 bonds, one for $314 91 aad nine
for $310 each.
2,419 62 i% Orange Street Improvement No. 4 bonds, one f«r $259 62 aad nine
for $«40 each.
Bonds were authorized by ordinances passed April 4. They
are dated Jan. 15, 1904. Interest, March 15 and September 15
at the office of the City Treasurer. Maturity, one bond of
each issue each six months from March 15, 1905, to Sept. 15,
Accrued interest to be paid by purchaser.
1909, inclusive.
Certified check for 5$ of the par value of bonds, drawn without condition on some bank in Toledo, or else money for that
amount, required with bids.
Topek* (Kan.) School District.— Bond Sale.—The
$131,-
500 school bonds voted at the election held April 18, 1903,
have been sold at par to the State School Fund Commissioners.
Bonds carry 4.% iaterest.
INVESTMENTS.
LOANS.
NEW YORK
3!4%
$37,000,000
CITY
GOLD
i
TAX-EXEMPT BONDS.
NEW YORK CITY 3HX
T.W. STEPHENS
TAX EXEMPT GOLD BONDS
2 Wall Street,
To be sold Tuesday, May
issue
purchased
D
1904-
South Orange (N.J) School District.— Bonds Voted.—
The vote on April 14 was 102 to 98 in favor of the proposition
1515
New
& CO.,
York.
3d, 1904,
as follows
FARS0N. LEA0H &
00..
$32,000,000 Corporate Stock Payable in 50 years.
$5,000,000 Refunding Assessment Bonds Payable in
10 years.
Public Securities,
OFFERED DIRECT TO INVESTORS.
investment for Trust Funds and exempt
from taxation except for State purposes, and will be issued in coupon
or registered form.
Chapter 274 of the Laws of 1904, which applies to the sale of
These
securities are a legal
Bonds of the City of New York, provides that "all or none" bids cannot be considered by the Comptroller unless the bidder offering to purchase "all or none" of the Bonds offered for sale shall also offer to purchase "all or any part" thereof.
Send bids in a sealed envelope, enclosed in an addressed envelope.
A DEPOSIT OF
TWO
PER CENT. OF THE PAR VALUE OF
BID FOR MUST ACCOMPANY BIDS. Such deposit must
money or certified check upon a solvent Banking Corporation.
BONDS
be in
For further information see "City Record," published
Hall, New York.
Consult any Bank or Trust Company, or address
EDWARD
Comptroller City of
New
M.
at
2 City
MEW YORK.
BOSTON.
PHILADELPHIA.
Real Estate Trust Co.
of New York,
30
NASSAU STREET,
DEALS
New York
IN
City Bonds.
INVESTMENT BONDS.
GROUT,
York, 280 Broadway,
•HICACMI.
New
York.
8EN0 FOR
LI8T.
OENISON, PRIOR & CO.
CLEVELAND.
BOSTON.
THIE CHRONICLE.
1516
Bond Sale.— We are advised that the #7S,500 school boads
voted at t ho recent spring election have all been taken by
home
iDVt-stor*.
( iiy
(Mich.) School District.— Pond Sate.- On
April 2 r> >»n election will be beld in this district to vote on
the qrusion. of issuing $20,000 sohool-bnildin« bonds.
Utica, N. Y.— U an Authorized— The City Conncil has authoriz»'l a loan of $10,000 for thi police and fire fnnd.
Bond Sale. -On April 20 the $55,000 %%% public-improveraent bonde described in V. 78, p. 1462, were awarded to the
Savings Bnnk ot U'ica at par and interest.
Wttbpeton, •. Dak.— Bond Offering.- Further details are
at hand relative to the offering on May 2 of $22,000 5<g waterworks bonds. Proposals for these bonds will be received
until 8 p. M. on that day by F. B. Schoeller, City Auditor.
Authority. S etion 2321, Code of 1899. Denomination, $500.
D*te, Mav 2, 1«04. Interest semi-annually in Chicago. Maturity, $11). 0D iu fifteen years and $12,000 in twenty years.
Bonded debt March 1, 1904, $61,000, including $46,000 assessment bonds; floating debt, $25 328 56. Assessed valuation
&
(
Walnut, Iowa.— Bond
infoimed that
offered on March 1 were
ot DaveDport for $7,760.
officially
—We
have only just been
electric light bonds
awarded to Geo. M. Bechtel & Co.
Sale
the $7,400
See V.
H
78, p. 729, for description of
bonds.
Walge<.bnrg. Colo.— Water- Works Purchase Defeated.—
election held in this town April 4 h proposition to purchase the plant of the Huerfano Water Co. was defeated by
a vote of 4 to 1 ajrainst the ipsue.
Wapakoneta, Ohio.— Bond Sale.—On April 4 the $7,000 5%
water works bonds described In V. 78, p. 1238, were awarded
to the People's National Bank of Wapakoneta at 103*967.
Warren, Ohio.- B md Sale.— We are advised that the
§2,400 b% public-lit rary-site bonds described in V. 78, p. 1189,
have been tateen by the Sinking Fund Trustees of the city.
Washtenaw County (P. 0. Ann Arbor), Mich.— Bonds De
At an
:
$8«,000 water bonds. Votes, 919 for to 146 against.
30,000 electrlc-llght bonds. Vote. 97H for to 101 against.
15,000 natural- gas bonds. Vote. 729 for to 281 against.
feated.—The proposition to issue $30,000 hospital bonds was
defeated by over 800 votes at the election held April 6.
Waterbnry, Conn.— Bond Offering.— Proposals will be received until May 2 by George H. Nettleton, City Clerk, tor
Denomination, $1,000.
$10,000 Z%<t, coupon sewer bonds.
LOANS.
Sg4lOO,000
ESSEX COUNTY BONDS.
NEWARK, N. J.
FOR NEW COURT HOUSE.
Under the Provisions of the Act of March
22, 1900.
The Board of Chosen Freeholders of the County
of Essex,
New Jersey,
invites proposals for the pur-
chase of $4«i0,000 Emh'-x County Bonds, in
denomination of 1 1,000 each, interest coupons at 4
per cent per annum, payable February 1 and .August
Bonds
1, principal and interest payable in gold.
paTuble August 1, 1940
The bonds will bear Interest from February 1,1904,
and trie purchaser must pay Interest accrued to date
of delivery.
Sealed proposals will be received by the Finanoe
Committee of the Board of Chosen Freeholders, at
a meeting to be held by said Committee, at the
Freeholders' room In the Court House, at Newark,
N. J., on VVKDNK-tDAY, APKIL. 27, 1904, at 2
o'clock P. M., which meeting will remaiu open for
the reception of proposals until 8:30 P. M. Each
proposal shall state the amount of bid in words and
and must be accompanied by a certified
ohtck for $4,000, which will be applicable on account
of purchase money of bonds, and forfeited by successful bidder who afterwards falls to take the
bonds.
The Finance Committee reserves the right to reject any and all proposals, if, in its Judgment the interest of the County requires such action.
The bonds wi'.l be ready for delivery on May lit,
1904.
By order of
figures,
FINANCE COMMITTEE.
John
Newark, N.
F.
Clakk, Chairman.
J.
j$:to,ooo
Md.,
Sealed bids will be received by the May< r and
Treasurer (.1 Hyattavllle, Maryland, up to 12 M.
11. lH(i4, lor the purchase of bonds of said
town to the amount of |so 0.x '.00 for the construction of ii system of simitar* Bowers.
Those bonds will neitr interest at the rale of 5 per
cent per annum, and will ho parablfl thirty (80)
yenrs from daio thereof.
Payment ot principal and Interest Is secured by a
.! sewer tux. a* authorlied
by Chap. 126. Laws
of 1904, duly ratified by u vote of tho citizens of
MAY
City of Burlington, N.J.
4
MAY
parts of bids.
Tbe price bid should be stated both in words and
in figures, and all aecued interest from March first,
1904 to date of delivery
chaser.
or
all bids.
Address
COUPON BONDS,
Each proposal must be accompanied by a certified
check to the order of the City of Burlington, for at
least two per cent of the face value of the Bonds
bid upon, to be applied on account of the purchase
price in oase of award, or forfeited by successful
bidder who afterward fails to take the Bonds as
awarded.
Tbe Bonds are authorized by proceedings under
the provisions of an Act entitled 'An Act to establish a thorough and efficient system of free public
schools, and to provide for the maintenance, support
und management thereof" and Acts supplementary
thereto, Approved October 19, 1903.
Proposals should be endorsed " Proposals for
Bonds," addressed to the Common Council, and delivered to the chairman of the Finance Committee,
on or before Tuesday, May 3rd, 1904, at eight
For County Uses and Purposes.
Sealed bids will be received by the County Treasurer of Putnam County. New York, until three o'clock
P. M.
15, 190», for the purchase of |25.0oO coupon bonds of the County of Putnam. New V ork,
issued for county uses and purposes. Bids may be
made for the whole amount or any part thereof.
Bonds are to be of the denomination of $1,000, dated
May 26, 1904, and payable June 1, 1907. Principal
and interest payable at the First National Bank,
Brewster, New York.
Interest at four per cent payable annually June 1st.
Bonds are to be delivered June 1, 1904.
These bonds are Issued nnder and In pursuance of
Section 12 and 14 of the ''onnty Law, and of the provisions of the General Mnnicipal Law, and of a resolution of the Board of Supervisors of said County
passed April 9, 1904.
Assessed valuation of real estate in County.
MAY
18,288,487.
No other county
indebtedness.
Each bid must be acconi oauied by a certified check
for one percentof theamountbidfor, to be forfeited
to the said county if bid Is accepted by the County
Treasurer and not complied with by the bidder. All
bids must be endorsed " Proposals for County
Bonds," and directed to "Edward D. Stannard,
County Treasurer, Brewster, Putnam County, New
York." The right to reject any and all bids is expressly reserved.
EDWARD
:
p.
m.
J.
FRANK CLIME.
MUNICIPAL, RAILROAD and
Chairman Finance Committee.
Blodg<;et, Merritt
ll.
B.ICHARD80N, Treasurer.
&
STREET RAILWAY
Co.,
BANKERS
1
16
Congress Street, Boston.
SO
NASSAU STREET, NEW YORK.
BONDS.
NASSAU STREET, NEW
Interest Paid on Dailv and
MacDonald, McCoy
<fc
Go.,
MUNICIPAL BONDS.
C. STANWOOD & Co. MUNICIPAL AND CORPORATION
95
Milk
BONDS,
Street,
BOSTON.
171
La
Salle Street,
Time
YORK.
Deposits.
MUNICIPAL
HTATE. CITY & RAILROAD BONUS.
HANK Kit*.
STANNARD,
County Treasurer.
DEALERS IN
City Cletk.
KICHAKD MOTT,
D.
Rudolph Kleybolte&Co.
RANKERS,
AND
M A Volt, and TREASURER,
care w.
E.
must be paid by the pur-
LOANS.
$25,000
PUTNAM COUNTY, N.Y.
PER CENT SCHOOL BONDS.
Sealed proposals will be received by the Common
Council of the City of Burlington. New Jersey, until
eight o'clock, p. m., on TUESDAY.
3rd, 1904,
at the City 11 all. for all or any portion of an Issue of
Twenty Three Thousand Five Hundred Dollars in
Four per cent School Bonds, at which time they
will be publicly opened and read.
The Bonds are to be in denomination of Five
Hundred Dollars each, in coupon form with privilege
of registration as to principal : d.ted March first,
1904, payable in thirty years, and may be redeemed
as drawn by lot at the rate of not exceeding two
thousand dollars each year after twenty years.
Principal payable at maturity, and Interest paya
ble semi annually at the office of the City Treasurer, in Burlington. New Jersey.
No bid for less than par will be considered, and
the right is reserved to reject any or all bids, or
Hyatt* viiie.
AM bids must he accompanied by n certified cherk
for $i0('.0o, and the right is reserved to reject any
NEW
s
o'clock
Town of Fyattsville,
SEWER BONDS.
These bonds were autnorized at the election held Dec. 29,
but as the three propositions were submittted to the
voters as one, and also for other reasons, the election was held
to be illegal. V. 78, p. 730.
1903,
NEW LOANS.
^a3 500
NEW
Vol. lxxviit.
Date, Jan. 1.1904. Interest semi-annually at office of City
Treasurer. Maturity Jan. 1, 1944. Certified check for 1* of
the par value of the bonds bid for, payable to the City Treasurer, required.
WayuesYiliefJll.) School District No. 28.— Bonds Voted
and Sold.— This district on April 9, by a vote of 83 to 27,
authorized the issuance of $4,500 5% bonds for the building r f
a school-house. These bonds have been sold to MacDonald,
McCoy
Date,
Denomination, $500
Co. of Chicago.
April 1, 1904. Interest am ually in Waynesville. Maturity,
$500 yearly on April 1 from 1907 to 1915, inclusive.
Weber County (Utah) School District No. I.— Bonds Defeated.— k. proposition to issue $55,000 school-building bonds
was recently defeated in this district.
Weilston, Ohio.— Bonds Authorized.— The City Council on
April 7 passed an ordinance providing for the issuance of
$8,000 5£ 2 11 year (serial) sew^r and sewage-disposal-plant
bonds. Denomination. $400. Da'e, July 1, 19)4. Interest
semi-annually at the First National Bank of Wel'stoo.
West Mansfield, Ohio.— Bonds Not Sold.— The $11,000 A%
electric-light bonds offered on April 1 were not sold.
Bands
will be re-offered, we are advised, about the midde of May.
Sae V. 78, p. 1239, for description of bonds.
Wharton, Texas.— Bonds Registered —The State Comptroller on April 7 registered $12,600 o% 20 40 year (optional)
water-works and $2,500 5% 20-4(>year (optional) sewer bonds.
Both issues are dated March 1, 1904.
Whltehonse, Ohio.— Bonds Defeated.— The question of issuing water-worse bonds failed to carry at the election held
recently, the vote being 39 for to 60 against the proposition.
Willonghby Township, Ohio.— Bonds Not Sold.— No bids
were received April 9 for the $21,000 4% cemetery bonds described in V. 78, p. 1413.
Winfleld, Kao.— Bonds Voted.— Three propositions to issue
bonds carried at the recent spring election. The iseues were
as follows
Traverse
1903, $541,224.
i
Public
Service
Corporation
BONDS.
E.H.ROLLINS & SONS,
BOSTON.
cmcago.
Denver.
Chicago.
San Francisco.
:
APR.
THE CHRONICLE.
23, 1904.
—
I. -Bonds Authorized by Legislature.
State Legislature has pa889d the bill permitting this city
to issue $150,000 bonds for the improvement of its water
Woonsocket, B.
J/ilT
YonngstoWD, Ohio.— Bond
Offering.
— Propose
Wm.
will be reDavies, City Aud-
The
ceived until 2 p. m,, May 9, by
itor, for the following bonds
works.
Worcester, Mapg. - Correction.— A typographical error in
last week's Chronicle made it appear that the six months'
loan which this cicy recently negotiated with the Worcester
Trust Co. was $2,000 in amount, whereas It should have read
Improvement bonds (city's proportion). Maturity, one bond $1 OOO
yearly on Oct; 1 from 1906 to 1910, inclusive.
2 500 b% vitiouot. bridge and culvert- repair bond*. maturing one bond $260
yearly on Oct. 1 from 19j6 to 1WU, Inclusive.
Bonds are dated May 16, 1904. Interest will be payable
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to tat» the bonds not later than M*y 16,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer.
certified check for 2% of
the amount of bonds bid for must accompany proposals,
which must be made for each block separately.
Bond Offering,— Proposals will be received until 2 p. m.,
I. Davies, City Auditor, for the following
May 16, by
:
$5,000 6*
$200,000.
(P. O. Upper Sandusky), Ohio.— Bond
he received until 12 m., May 5, by
J. N. Trailer, County Auditor, for $4,000 5* road bonds. Denomination, $200. Date, Jan. 1, 1904. Interest, semi-annually at the office of the County Treasurer. Maturity, $800
yearly on January 1 from 1905 to 1909, inclueive. Cash or
certified check for $500 required.
Yakima County (Wash.) School District Ho. 21.— Bonds
Voted.— This district recently voted to issue $1,000 schoolhouse bonds.
fork (Neb.) School District.— Bond Offering.— Proposals
will be received until 8 p. m., May 2, by Geo. H. Holdeman,
Secretary Board of Eduoation. for $28,000 5£ building bonds.
Authority, vote of 421 for to 210 against at election held Feb.
Interest, semi-annually on Jnn<* 1 and Dec. 1 at the
8, 1904.
State fiscal agency in New York City. Maturity, $1,000
yearly on December 1 from 1909 to 1916, inclusive, and $2,000
yearly on December 1 from 1917 to 1926, inclusive. All
bonds, however, are su ject to call af^er five years. Propo
sitions on these bonds are desired as follows
Wyandot County
Offering,
— Proposals will
A
Wm.
bonds
$'00 b% Glenaven Street sewer bonds. Denomination, $140. Maturity, one
bond yearly on Oct. 1 irom 19 6 to iMf. Inclusive.
960 b% Martin Street sewer bonds. Denomination, $190. Maturlty.onebonrt
yearly on Oct. i from 190h to 1909, tnclus've.
445 5% South Fruit Street sewer bonds. Denomination, $89. Maturity, one
bond yearly on Oct. 1 from 1k06 to 1909. Inclusive.
2,650 6< Pearl ano Rgoy Street sewer bonds. Denomination, $630. Maturity,
one bond yearly on Oct. 1 from 1905 to 19ow, inclusive.
1,985 6$ Hitnrod Avenue sidewalk bonds. Denomination. $U7. Maturity, one
bond yearly on Oct. 1 from 1905 to 1909. inclusive.
2,975 5jt Davis Street sidewalk bonds. Denomination, $595. Maturity, one
bond yearly on Oct. 1 from 1906 to i!ii>9. inclusive.
700 6% Columbia Street sidewalk bonds. Denomination, $140. Maturity. one
bond yearly on Oct. 1 from 1906 to 19U<<, inclusive.
Bonds are dated May 23, 1904. Interest will be payable
semi-snnnally at the office of the City Treasurer. Purchasers must be prepared to take the bonds not later than May 28,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer. A certified check for 2i of
the amount of bonds bid for must accompany proposals,
which must be made for each block separately.
Bond Sale.— The following bids were received April 18 for
the two issues of 5% bonds described in V. 78. p. 1289
-
:
1st. lor
the whole issue of 128,000 bonds, to be dated and delivered Jane
1,
1904.
2d, for $14,000, to be dated and dellveredMune 1, 1904, and $14,000 Sept. 1,
1904.
8d, for the whole Issue of $28,000, to be dated and delivered Sept. 1, 19 1.
Certified
check for $1,000 required.
Bonded
debt, includ-
:
Assessed valuation, $476,616; real
ing this issue, $11,000.
value about $8,5Ou,O0O.
Territory of New Mexico.
TERRITORY OF NEW MEXICO, OFFICE
It
may
NEW
concern:
m
J.
H.
Treasurer of the Territory of
60 State
New Haven
F.
Printed
and prices
application.
lists
issued,
upon
AND STOCK
certificates
in cheaper style
(not cheap looking) partly printed from
type.
Send for samples and estimates.
100 Certificates $3 to $25. Seal Press *1 50. Quick Work.
Street,
Albert B. King & Co.,
Engravers and L/ithugraphers,
New York
CHICAGO.
OUR ANNUAL
& Company
St.,
COUNTY
AND TOWNSHIP
Chicago.
BONDS.
-^
T. B. POTTER,
MUNICIPAL and BONDS,
CORPORATION
County Treasurer.
2 County Court House, New Haven, Conn.
All outstanding bonds of the County of New
Haven, Conn., will be redeemed NOVKMBER 1.
1904, on presentatio
at th's o^ce or at the Union
Union Trust Co., New Haven. Said bonds will
CHICAGO,
I
•
THE FINANCIAL
•
LIST ON APPLICATION.
ILLS.
REYIETV
Gives a monthly range of Stock and Bond
for five years. We can supply
['rices
1887 issue which gives 1882-1886
"
"
"
1887-1891
1892
"
"
"
1892-1896
1897
"
"
"
1897-1901
1902
"
"
1899-1903
1904 "
PRICK. *2 I»BR COPY.
Some
172 Washington Street,
at tb.it date.
Cltr
»H TEAMS.
1882— 1903.
CITY,
County Bonds.
-FO.B
Municipal Bonds,
171 LA SALLE STREET,
159 La Salle
Clerk.
Treasurer.
Municipal and Cor-
Railroad,
R.FULTON & CO., RANGE OF PRICES
H. C. Speer
CALL.
HlllAM JACOB6, County
Burr,
Eaiabllnh'd 1SS3.
Office of the
cease to bear interest
Illinois.
105 William Street,
:
BOND
&
BOSTON.
1ST, 1S91.
ukexkl county
Offers
Mexico.
:
C.
Chicago,
Handsomely engraved, or
hereby given to the holders of the remaining $33,000 yet outstanding Five Per Cent
Funding Bonds of Douglas County, Nebraska, dated
.luly 1st, 1891, to present the same for payment at
Kountze Bros., Bankers, the Nebraska State Fiscal
Ajieicy, on or b«fore MAY 1ST, 1904, as Interest
will cease on said bonds on and alter that dale.
Bv order of the Board of County Commissioners
of Douglas County and by authority of Chapter 18,
Article 1. of the complied statutes of the State of
Nebraska, under which said bonds were issued.
:
K. O'KEEFFE. Cnairman.
:
SEAL.
Board County Commissioners.
John
YORK.
THE AMERICAN TRUST
& SAVINGS BANK,
U
Is
:
Street,
nr^TYTTkd
INVESTMENT BONDS Jlj
E5
KJ 1\
NOTICE TO HOLDERS OF DOUGLAS
COUNTY, NEBRASKA, FIVE PER
CENT BONDS IN THE SCM OF $33,000
:
NEW
Perry, Coffin
CALL.
DOU&LAS COUNTY, NEB.
DATED JULY
3 Nassau
MEMBERS
YORK AND BOSTON
BOND
Notice
BOND DEPARTMENT.
CO.,
STATE, MUNICIPAL AND HIGH GRADE poration Bonds, conservatively
RAILROAD SECURITIES.
yielding investors 4£ to 5%%.
VAUGHN,
New
552 00
MISCELLANEOUS.
STOCK EXCHANGES.
Notice Is hereby viven bv the undersigned, Treas
w
urer of the Territory of New Mexico, that he Is
prepared, to take up and nay otl the issue of bonds
authorized by Chanter 61. 8es»ion J.aws of 1893,
compiled as Section 397, Compiled Laws of 1897, to
the amount of $ 01,800, together with accrued interest on the same. Such issue being da' ed May let.
1893, and payable at the National Bank of Commerce
In New York City, and being payable by the Territory at any time after ten years from the date of
their issue, said period of ten years having now expired, and the Territory now desiring to exercise its
right under said Act and the terms of said bond,
and notice is further given that interest on said
bonds will cease and determine on and alter the 1st
day of May, 1904.
0"
4,8S« CO
>
40 Water Street,
OF THE TREASl HER APRIL, 8TH,
BOSTON.
1»l»4. CALL FOR THE REOEMPTION
OF CASUAL DEFICIT BOND-* OF THE
To whom
4.9i!6
i
BANKERS,
TERRITORY OF NEW MEXICO.
$556 56
564 60
<
Firemen's Pension Fund, Younjrstown
DAY &
L.
4,892 50
4,966
4.W83 Oo
Mahoning National Bank, Younastown
4.82500
* $4,75
6* fire-enjnne bonds were awarded to Denison. Prior & Co. and the
$550 fi< sidewalk bonds t the Western German Bank of Cincinnati.
INVESTMENTS.
R.
•$4,9:000
Security
York (Pa.) School District.— Bonds Not Sold.— The $50,000 3>0 10-20 year (optional) building bonds offered on April
14 were not s^M R«p V 7H p 1290. for dHgcrioMon of bonds.
1550 Sidewalk Bdt.
$4,760 Fire
-Enoine Bonds,
Denlson, Prior & Co.. Cleveland and Boston
Western German Ba k, Cincinnati
S»vmgi & Trust Co .Toledo
W. K. Todd & Co., Cincinnati
Well. Roth * Co.. Cincinnati
District, N. Dak.— Bond 8ale.—k.n issue of
$1,000 4$ 10 year building bonds dated May 1, 1904, has been
sold to the State at pir.
York School
BOND CALLS.
BOND CALL.
I.
earlier issues
WM.
B.
may
be had at $5 00 a copy
DANA COMPANY,
T6W PINE
ST..
NEW YORK.
THE CHRONICLE
1518
^orU
etxr
M>totk ^-ecTxauge gottses.
SIMON BORG &
The Trust Co.of America
wk. w.
ezba Luroour.
PHILIP
Stock Mmehanfft,
No. 20 Nassau Street,
New
•
gvxist Corajranijes.
CO.,
BANKERS,
Mtmbtr$ of Nev> Tork
[Vol. lxxvtii.
York.
oajtwxli
(Northwest Corner Liberty
LINC0LN.0ASWELL400.
.
Hew Tork
KIDDER &
CO.,
Stock Exchange,
CO.
BANKERS,
NEW YORK.
18 WALL. STREET,
LADD,WOOD &
Memberi
A. M.
Capital, Surplna and Undivided Profit*,
85,574,850 38.
subject to check and on Certificates of Deposit
High-Grade
Investment Securities.
Investment Bonds
18 Wall Stree
and Q uaranteed Stocks.
Mat upon Application.
Established 1865.
MEMBERS OF NEW TORK STOCK BXCHANG*
Acts as Trustee, Receiver, Committee, Executor
Administrator, Assignee, Registrar,
Guardian,
Transfer and Fiscal Agent.
OFFICERS:
Ashbel P. Fitch, Pres.
Wm. H, Leupp, V.-P.
Wi, Barbour, V.-Pree.
R. J. Chatry, Sec'y.
A. L. Banister, Treas.
DIRECTORS:
Wm
Allow interest on deposits subject to sight cheek
sell on commission stock* and bonds, anc
STREET.
Gbohob h. Watson Jr.
William Hkbbkbt, Mem. N.T. Stock Ex.
Watson & Herbert,
The Hanorer Bank Building,
Corner Nassau and Pine Street*.
NEW YORK.
9'J
NORTON &
EickftDg. Place,
CO.,
EQUITABLE BUILDING, NEW YORK
BANKERS AND BROKERS,
Certified Public Accountants,
Investment Securities.
BRANCH OFFICE, BRISTOL BUILDING,
J.
Co.,
BROAD STREET,
N. Y.
Transact a General Banking and Stock
Exchange Business.
ACCOUNTS OF BANK8 A. BANKERS SOLICITED.
INTEREST ALLOWED ON DEPOSITS.
STOCK EXCHANGE.
IN
INVESTMENT SECURITIES.
WALL STREET, NEW YORK.
11
&
STOCK BROKERS,
T
WALL STREET,
NEW YORK.
53 STATE
STREET
WM. FAHX1STOCK, Msfflt. N. T.BtOOk
For Investment or on Margin.
Co.,
ST.,
NEW YORK.
J.
Eipoclal attention given to supplying- hlgh-claa*
5T
R.
Jacobs
J.
41
Member*
Order* Executed
New
N.
Y
&
Co.,
Investment or on Margin.
INVESTMENT SECURITIES.
NO.
Goodhart
BROADWAY,
J AMIS G.
BANKERS AND BROKERS,
74 BROADWAY, NEW YORK
&
Co.,
NEW
-
BDWM
P.
YORK.
CAJtmxi
MACLiXAW.
&
&
Co.,
mission,
H. Oliphant
&
Co.
BANKERS AND BROKERS.
Broad Street,
New York.
.
.
TELXPHONB NO. 8907 COBTLAJTUT.
OLIPHANT,
ALFRED L. NOREU
Members New Tor k Stook yvehnnge.
BANKERS A COMMISSION MERCHANTS,
S3 Wall Street New York.
Dickinson,
Grummon & Co
Member* New York Stoek Exchange
15 WALL STREET,
T51 BROAD ST.
NEW VORK.
Chicago.
New
Street,
London, E. C.
Cleveland.
York.
"HASKSELLS."
St. Louis.
Pittsburgh.
W. F.WEISS,
CERTIFIES PDBLIC ACCOUNTANTS
128 Broadway,
New York.
Investigation* an < Audits of Banking and
Stock Brokerage Houses.
Pogson, Peloubet & Co*
PUBLIC ACCOUN TANTS.
Co., NEW
JAS. H.
R. T. Wilson
30 Coleman
Street,
Examinations of Financial Conditions a**" Earnings.
Reports and Adjustments for Consolidations
and Reorganizations.
11 Wall Street, New Yor
MBMBBR8 NBW TORK STOCK BXCHANGB
Necurltle* Bought and Sold on Cox*
20
30 Broad
Stoek Mwehangt,
UlSBT O. CAM PB1LL,
Co., Jas.
BALTIMORE.
CERTIFIED PUBLIC ACCOUNTANTS
" nnof
a Specialty of
H. G. Campbell
Street.
Stock Exchange.
W. H. Goadby &
STREET.
Mtmbtn New Tork
INVKVI:»lhM' SECURITIES.
Fidelity Bnlldlng,
HASKINS & SELLS,
Cable Address,
STOCKS.
P.
Bids;.,
NEW YORK.
IN
BANK AND TRUST CO
HANKERS,
& Bond* executed at all exchangee.
WALL
We Make
PHILADELPHIA.
Ex.
INVESTMENT SECURITIES
2
Stephen Glrard Building,
DODMB
R. B.
BROKERS AND DEALERS
Orders Executed
(Pennsylvania)
BOSTON.
of New Tork and Boston Stock 8x changes
Private wire between the two onto**.
Information given in regard to all Boston securities
and quotation* furnished.
STOCKS, BONDS and INVESTMENTS.
Public Accountants,
Broad Exchange
Members
BANKERS,
No. 57 Broadway, New York City.
Members New Tork Stock Exchange.
Certified
Burr,
B00DY,McLELLAN & CO. Fahnestock & Co.,
WALL
PHILADELPHIA.
MONTGOMERY,
BROKERS AND DEALERS
T. J. MUMFOBJ),
No. 10
Stephen Glrard Bide.
NEW YORK.
& R. D. FARLEE, LYBRAND,
ROSS BROS &
MEMBERS NEW YORK
Private Wire* to Cincinnati and Chicago.
Order* for Stock.
53 Broadway,
S.
Parkinson
&
MARQUETTE BUILDING,
CHICAGO.
INTESTMKNT SECURITIES.
John H. Davis
(Illinois)
Transact a General Banking and Stook Hicham*
Business. We make a specialty of
New York.
Howard Lapsley &
CO.,
Wilkinson, Reckitt,
Williams & Co.,
500 FIFTH AVENUE.
Hi. Morton. Mem. N.T. Stook Ex. Oio. F. Nobt*h.
15
^ccatrntatxts.
BONDS.
HARRIMAN &
BOND AND STOCK BROKER8
EX.
Manning, V.-P.
OLARANTEED STOCKS
Thiodom Wilson, Member N.T. Stock Ex.
Wilson,
S.
Buy and
INVESTMENT SECUEITIE8. RAILROAD
WALL
H.
Asbbel P. Fitch, George Crocker, C. I. Hudson.
Wm. Barbour. Edw.C. Schaefer. Philip Lehman,
Geo.Blumenthal,
H. S. Manning, S. C. T.Dodd.
Saml. A. Maxwell. Joel F. Freeman, Frank Jay Gould.
A Clark,
MyronT.Uerrick. James Campbell,
Emers. McMUlln, U.S. Redmond, John W. Griggs,
E<1w1n
Heeeman
Gould,
Jno.R.
Jas. M. Donald,
George C. Boldt, Wm. H. Leupp.
deal In
7
St.)
Allows Interest on Daily Balances,
Member* of New York Stoek Exchm*
Descriptive Circular
BROADWAY,
149
CtTKTIS.
NEWARK.
N.J
YORK, 42 Broadway.
CHICAGO, Marquette Building.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy Building.
WM. FRANKLIN HALL
Accountant,
aiu
Ixchaao-* Buildin*
i»n aT nN MASS.
BOSTON,
53 State Street
Books audited. Examinations and Investigations conducted with the utmost
care and efficiency.
JAMES PARK &
CERTIFIED
PUBLIC
00.,
ACCOUNTANTS,
52 Broadway, New York.
238 La Salle Street. Chicago.
@FedFRASER