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4
4
Bank and Quotation Section
(Monthly)
Railway and Industrial Section (Quarterly)
State and City Section (semi-Annuaiiy)
Street Railway Section f^aST*)
Entered according to Act of Congress In the year 1906 by William B. Dana
Company. In Office of Librarian of Congress, Washington, D.O
VOL. 84.
NEW YORK
ffinanciaL
APRIL 27 1907.
financial.
financial.
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
BANKERS
Engravers
BANK
$3,250,000.
Organized 1856.
Capital
$3,000,000 00
Surplus and Profits
8,415,344 14
Deposits March 44,1907.... 91.411,004 81
Harvey Fisk & Sons,
Printers
NEW YORK
BOSTON
NOTES, SHARE CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
The National Park Bank
of New York.
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, -ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING
LITHOGRAPHIC
AND TYPE PRINTING
RAILWAY
TICKET8 OF IMPROVEDr STYLES
NATIONAL BANK,
NEW
FRED’K B. SCHENCK. President.
CHARLES tL STOUT
D. G. REID.
Vice-President.
Vice-President.
CHARLES W. RIKCKS,
JAMES V. LOTT
2d Vice-President.
Cashier.
HENRY P. DAVISON,
FRED’K P. McGLYNN
Chairman Exec. Com.
Asst. Cashier.
DIRECTORS:
Geo. P. Baker.
K. C. Converse,
T. A. Gillespie,
Henry C. Tinker
E. F. C. Young,
F. L. Hlne,
Daniel G. Reid,
H. P. Davison,
Charles A. Moore.
Arthur F. Luke,
Ch&nes H. Warren.
J. Rogers MaxwelL
Frederick G. Bourne.
Ambrose Monell.
Charles H. Stout.
Fred’k B. Sobeuck.
Reorganised 1879
»
THE LIBERTY
YOKK.
Capital, Surplus and Undivided Profits,
Government Bonds
Investment Securities
78 to 86 Trinity Place, New York
BngtnflBF. Founded 119*.
NO. 2183.
62 CEDAR
RICHARD DKLAFIELDl
OFFICERS:
Warren l. Green,
...
President
D. E. Woodhull, .
.
Vice-President
Joseph Fleming, Vice-President
Chas. L. Lee, ....
Treasurer
PRESIDENT.
GILBERT G. THORNE.
vice-president.
Johnson,
...
CLEAF,
vice-president.
Secretary
TRUSTEES:
T. H. Freeland, Chairman of the Board
Edjnnnd C. Converse
Francis L. Potts
“Warren JL. Green
Andrew V. Stout
Phintas 0. Lounsbury
A. Jaretzki
C. McKEON,
VICE-PRESIDENT.
JOHN CL VAN
.
Frank K.
JOHN
MAURICE H.
EWER,
O. JONES,
ASST. CASHIER.
NEW YORK
-
Government, Railroad and
Municipal Bonds,
and other
WILLIAM A MAIN
ASST.
FHKD’K O. FOXCROFT
-
Bankers and Dealers in
CASHIER.
WILLIAM
ST.,
INVESTMENT SECURITIES.
CASHIER.
ASST. CASHIER.
Philadelphia, represented by
Jambs U.
Chapman, 421 Chestnut St.
Chicago, represented by D. K. Drake.
Continental National Bang
*-
—
■■
CHARTERED 1810.
■
Members ot Kichmond and Baltimore Stock
Jfixcnangee.
MECHANICS’
Tohn L. Williams & Sons,
RICHMOND, VA.
Capital,
Baltimore Correspondents:
Surplus,
MlDDENDORF, WILLIAM8 & Co
of
N. W. Cor. 10th
-
-
-
-
--
BANKERS
$3,000,000
3,000,000
Richmond,
Sirkkts,
and
Francis Ralston
JOHN SKELTON WILLIAMS, President.
NOLTING, Vice-President.
Chase National Bank
Welsh,
THE
328 CHESTNUT STREET, PHILADELPHIA.
GARFIELD NATIONAL
New York.
Capital
Surplus
EQUIPMENT OF THE
BANK
-
•
-
-
$1,000 000
1000 000
OF THE CITY OF NEW TORE
Founded in 1784.
—CORNER NASSAU AND PINE
THE
STREETS
—
IS
ESPECIALLY
BANK OF NEW YORK
'
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS,
,,
BANK,
23d Street and Sixth Ave.,
Henry W.Cannon. Chairman, James J. Hill
Oliver H, Payne George F. Baker John L Waterbary
Grant B. Schley
A. Barton Hepburn
Albert H. Wiggln
George F. Baker Jr.
NATIONAL
Philadelphia.
BONDS.
Director* r
FOURTH
New York.
ORIGINAL CHARTER 1829.
Cap. ft Surp., $9,436,000 Deposits, $63,346,000
THE
Exchanges.
511 Chestnut Street
MUNICIPAL RAILROAD AND OTHER
Clearing House Building
A. B. HEPBURN, President
A. H. WIGGIN.Vioe-Pres. EL J. STALKER, Cashier
Members New York and Phila. Stock
INVESTMENTS.
OFFICERS:
T. K. SANDS, Vice-President & Cashier.
H. A. WILLIAMS, Asst. Cashier.
.u D. CRENSHAW JR.. 'Trust Officer
INVESTMENT SECURITIES
7 Wall Street,
Main
Richmond, Va.
&
Capital
Surplus, $0500,000
FREDERICK E.
-
Building.
application.
Edward B. Smith & Co.
33 Wall Street.
Corner 9tli and Main Streets,
on
NATIONAL.
BANK.
BANKERS,
Bank
Our list of Investment Securities sent
National Banking Association.
ACCOUNTS INVITED.
GALLATIN
NATIONAL BANK
OF THE CITY OF NEW YORK
Capital .....
$1,000,000
Surplus Sc Profits (earned) 2,300,000
OFFICERS
Samuel Woolverton, President
Alexander Hi Stevens, Vice-President
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
DIRECTORS
Adrian Iselxn Jr.
Frederic W. Stevens
A LET ANDES H. STEVENS
-
W. Mount Roosevelt
Chas. A. Peabody
Samvel Woolvebtov
CHARLES H. TWEED
Thomas Denny Js-
n
THE CHRONICLE.
[VOL.
LXXXIV.
2ktwhets and Drawers of foreign gr change.
]. P. Morgan & Co., Maitland,Coppell & Co., Kidder,
Peabody & Co.,
YORK.
wall street corner
WILLIAM
52
broad,
NEW YOUK,
Drexel & Co„
Morgan, Harjes& Co.
0*r.ot5tb & Chestnut Sts. 31 Boulevard llanssmann,
P If IL A DELPHI A.
PARIS.
BOM ESI 2 C AND JrOliElON BANKERS,
Secnriti
Deposit* received subject to Draft.
bought
ou Commission. Interest allowed on
Foreign Exchange. Commercial Credits.
Cable Transxers.
Circular Letters for Travelers
available in all parts of tbe world.
and sold
Deposits.
attorneys and Agents of
Messrs. J. S. MORGAN Sc
No. 22 OLD BROAD STREET.
-
CO.,
LONDON.
-
Brown Brothers &
NEW
PHILA.
Co.,
BOSTON.
YORK.
59 Wall He.
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
Union of London & Smiths Rank, Limited,
London,
Messrs, Mallet Freres dtCle., Paris,
LETTERS OF CREDIT
Available throughout the United States.
August Belmont & Co.,
BANKERS,
FOR
s~\
Available In all parts of the world.
Exchange and make Telegraphic
Transfers to EUROPE.
including South Africa
Buy and sell Bills of Exchange
and make cable transfers on all
j*.
OT Oreait.
TRAVELERS,
Draw Bills of
BROWN, SHIPLEY & CO., LONDON.
Issue
Execute orders for
Investment Securities.
Mexico and California.
the purchase and sale of
Cuyler, Morgan & Co.,
44 Pine Street,
Letters of
Available in
anv
Credit to Travelers
Part of the World,
DRAW BILLS OF EXCHANGE AND MAKB
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
issue Commercial and
Travelers' Credits, available in
of tbe world.
BANKERS,
Street, New York,
No. 21 Broad
Cuba,
points,
all parts
J. & W. Seligman & Co.,
the otner West Indies.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT
T pf+p-|»Q
ijcuuc
ROTHSCHILD,
London* Paris and Vienna.
ISSUK LETTERS OF CREDIT
1 TlVftStm ftnt
tions. Firms and individuals
kM5diJL lltLCO.
on favorable terms.
Collect
drafts drawn abroad on all points in the United
States and Canada; and drafts drawn in tbe United
States on foreign countries,
Messrs.
Fax
CnrtnritiDa
LETTERS OF CREDIT.
TRAVELERS'
Y^ Phila„ Boston A Baltimore St’k Exch’s.
Bankers, Corpora-
•
FOREIGN EXCHANGE.
Agents for the Bank of Anstralasla. the British
Guiana Bank, Demerara, etc., etc.
No. 23 NASSAU STEE1,
Buy and sell first-class In-
INVESTMENT SECURITIES.
Banco Naclonal de Mexico
And Its Branches.
Agents and Correspondents of the
vestment Securities on comReceive accounts
BANKERS.
ON
connected by private wire.
mission.
ot Banks,
STREET,
BOSTON.
issue Loans.
Bills of Exehange, Telegraphic Transfers,
Tetters of Credit,
ALEX. BROWN & SONS, BALTIMORE.
Moms. N.
/
STREET,
NEW
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres Sc Cie., Paris.
Alsberg, Goldberg Sc Co., Amsterdam.
Anglo-Callf ornian Bk., Lt.,San Francisco
New York.
BANKERS
TA1LER&CD
INVESTMENT
SECURITIES.
YORK. STOCK
MEMBERS OF NEW
IRedmond&ta.
EXCHANGE.
27 Pine Street, New York
33 Pin© Street, New York
KESSLER
BANKERS
CO..
&
Cables “Mimosa”
BANKERS.
54
WALL
NEW
STREET,
Do a General Foreign and Domestic
Banking Business and issue Letters of
Credit, Bills of Exchange and Cable
YORK.
Member* of the K, Y, Stock Exchange.
INVESTMENT
Transfers.
Bny and Sell Bills of Exchange and
SECURITIES
Cable
Transfers
all
on
Principal European Cities.
ISSUE
COMMERCIAL
CREDITS, BUY
STOCKS.
CEDAR
NEW
SELL
AND
RAILROAD
INVESTMENT
SECURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
Winslow, Lanier & Co.,
59
BONDS
TRAVELERS’
AND
AND
INVESTMENT SECURITIES.
STREET,
Philadelphia: 507 Chestnut Street
Heidelbach- Ickelheimer & Co..
YORK,
BANKERS.
BANKERS.
37
William
Street,
Deposits Received Subject to Dralt. Interest
MEMBERS N. Y. STOCK EXCHANGE.
Allowed on Deposits. Securities
Execute orders for purchase and sale of
Bought ana Sola on
Foreign Exchange, Letters or Credit.
Schulz &
11
Ruckgaber,
William Street,
-
Members New Vork Mock
PINE STREET, NEW
a
Gene ai
foreign
YORK.
ana
Domestic
Lansing JEusmess.
607 Chestnut
Issue Commercial and Travelers' Credits
available in all parts of the world.
HANKER*,
BANKERS,
BANKERS
Foreign Exchange Bought and Sold.
Kean, VanCortlandt&Co
Transect
Graham & Co.,
Stocks and Bonds.
Commission,
30
Members Xew York Stock
Exchange; Execute Commission Orders.
Foreign Cable Service a Specialty
the
Government
Securities
Railways and Gas companies
of
«orreerxjndentA or Meesis.
Frothing it. (loscbro. London
Job. BereiiUcrg. dossier & Co.. Hamburg.
isMie
Commercial & Irivdeic Credits.
Buy anti Sell Bill* ot Excnauge.
and
Municipal Bonds,
of Railroads,
Street
-
New York.
Exchange.
Marcumd & Co., I'aria.
Bremer Bank. Filiate Dresdner Bank. Bremen.
Street.
PHILADELPHIA
established
Act
Issue
as
'Foreign
value
Financial Agents
and Domestic Letters
1 ravelcrs’Cheques
of
Credit and
Came transfers and Investment Securities
Dealers in Investment Securities.
LawrenceT urnure&Co. MOSLE
John Munrof. & Co.,
No. 30 Pl»i«' Street, New
York.
No. 1 PoKtOfifre N«jttar«>, Boston.
Jjbfcuc Circular Jitter* of < rfin.
tor Travelers’ Use
Abroad Agalns*
<..<•> *i **ai lsfaetory
Guaranty o! K<.; av/m-iji.
Exelittuge
on
London, Purls, Berlin,
/.uricli and
Vur-Jjnt Oj
knko a no
Pa
st.t.aU.
vmekts
Maoe
ijv
Caui.k
Parts Houie-.tlLNiUili A: CO.
50
Wall Street, New York.
Deposits received subject to draft. interest «l- !
lowed on deposits.
Securities bougnt and sold on j
Commission. Travellers credits available through- j
out the United Mates, Cuba. Puerto llico, Mexico,
Central America and main. Make collections mand
issue drafts
and cable transfers on above countries
London
Honkers:
Hit D U. l.tlllillMt.
i'uri« Hunkers
1
—
London
---Heine A
BROTHERS,
Hi St 1W EXCHANGE
ISunkcr*,
Co.
Jolui-*locU
PLACE,
NEW YORK.
COMMERCIAL
CREDITS,
FOREIGN EXCHANGE.
ATTOKNEY8 AND AGF.NTP OF
MESSRS. KONIG BROTHERS Bankers
LONDON
Alp.
271907.] -
THE chronicle.
in
jankers.
jankers
Wm.A.’Read &;Co.
BANKERS.
Investment Securities.
Street, BOSTON.
25
NASSAU
NEW
The Kookery.
STIIEET.
43 State St,
203 E. German St-
BOSTON.
BALTIMORE.
Stock
205 La Salle St.
CHICAGO:
Boston.
Conservative
Members New York Stock
Exchange.
Boston* lO Post Office Square.
Members N. Y. Stock
CO.,
Exchange
ST*, NEW YORK,
DEALERS IN
New York
50 Congress St.,
New York*
BANKERS
48 WALL
Exchanges
Chicago.
Exchanges.
J. B. RUSSELL &
Members New York and Chicago Stock
232 La Salle St.,
Street,
HIGH-GRADE BONDS
YOKE.
Members New York and Boston
27 William St.,
& Broad
Dealers in
CHICAGO OFFICE,
Piympton,Gardiner & Co,
Hagen,
BANKERS
Lee, Higginson & Co.,
44 State
Millett Roe &
Hiorh-Crade Bonds
AND
Investment Securities.
Investments.
Geo. P. Butler & Bro.
Safety Deposit Vaults for Use of Customers.
BANKERS
LISTS ON REQUEST
Member.:
Fmancial
{"*7
Yor*
S'°Ctk E«ha“«e( Chicago
Stock Exchange.
Representatives of the Illinois Tunnel
Company.
Railroad and other
Investment Securities
Financial Representatives of the Automatic
Electric
N.W. HARRIS & CO.
Company.
BRANCH OFFICES:
CHICAGO, ILL.
BANKERS
CARBONDALE, PA.
BARRE, PA.
READING, PA.
SCRANTON, PA.
DAYTON, OHIO.
BINGHAMTON, N. Y.
WILKES
Fine Street, Corner William
NEW
YORK
35 Wall Street
Receive deposits subject to check
allow interest on balances.
and
Act
fiscal
as
palities
and
letters
of
asrents
tor munici¬
Goldman, Sachs & Co.,
corporations.
credit
and
Issue
deal
In
BONDS FOR INVESTMENT
BANKERS
EXCHANGE
43
PLACE,
NEW
Members of New York Stock
YORK.
Kissel, Kinnicutt & Co,
1 NASSAU
Exchange,
will
Execute orders for purchase and
sale of
Stocks and Bonds.
LIST ON APPLICATION
50
Exchange Place,
84 State Street,
NEW YORK,
BOSTON.
Dealers in
NEW
YORK
and other
Commercial Paper.
Investment Securities.
Members New York & Boston Stook
Exchanges.
Rudolph Kleybolte& Co.
BANKERS.
DEALERS IN
Investment Securities
and Commercial
BONDS.
27-29 PINE STREET, NEW YORK.
DailvandTime Deposits,
Schmidt,
FOREIGN EXCHANQE.
INVESTMENT SECURITIES.
27 WILLIAM HTHKKT, NEW YORK.
.
37 Wall Street
New
telephone number will be
1369 Broad
Paper
H. B. HOLLINS & CO. N. W. HALSEY
& CO*
Cor, of Wall and Broad Sts., New York.
.
Draw' Bills of
V. Stock, Cotton and Coitee texchau^e.
Exchange and moke
BANKERS.
BONDS
FOR INVESTMENT.
Cable Translers to Europe, Asia, Aus-‘
interest Allowed on Deposit Accounts.
tralia, the West Indies, Central and
Fiscal Agents for Cities and Corporations.
South America aud Mexico.
Issue Letters ol Credit lor Travelers,
available iu nil parts ol the world.
Zimmermann &
49 Wall Street, NEW Y0BK.
Philadelohia.
Chicago,
San Francisco
Forshay,
BANKERS.
NEW YORK
PHILADELPHIA
9 and 11 Wall Street, New York.
J1embers New York Stock
8TREET RAILWAY
Clumbers N
about
TO
Available in all parts of the world.
MUNICIPAL, RAILROAD and
Stern &
'•COLDNESS."
Issue Commercial and Traveled
Letters of Credit,
DEALERS IN
on
remove on or
CITY
MUNICIPAL BONDS.
Interest Paid
AJJDREdt*
ST.
May 1st, 1907
Buy and Sell Foreign Exchange.
CABLE
Blake Brothers & Co.,
NEW YORK
Exchange.
Ordors executed for stocks nnd bonds for invest¬
ment or on margin.
FOREIGN EXCHANGE
E. D. SHEPARD & CO.
Bought & Sold
LETTERS OF CREDIT ISSUED.
Cable
Transfers to all Parts of the World.
BIRD S.COLER,
Member N. Y.Stock Exchange.
BOSTON
LONDON
LEONARD H. HOLE.
W. N. COLER &
CO.,
BANKERS
C. B. VAN
NOSTRAND.
M WALL ATKUT,
59 CEDAR ST., NEW YORK.
INVESTMENTS
Investment Securities
THE CHRONICLE
IV
[VOL.
foreign.
ganafllatr gauhg.
of Montreal
BANK, The Union Discount Co. Bank [ Established
1817.}
DEUTSCHE
BERLIN, W.
of London, Limited.
BEHREN8TRA88E 9 TO 13.
39 CORNHILL..
Telegraphic Address, Udlseo, London.
•APITAL
347.610,000
M.
LXXX1V.
$7,500,00$
Capital Subscribed
Reserve Fund
023,810,000
RESERVE
M. 100,000,000.
OmDlKDl PAID DUB INO LAST TEN TEAKS:
10.10)411,11,11,11,11. IS, 12,12
per oent.
46—A1 STERLING.
NOTICE IS HEREBY GIVEN that the BATES
OF INTXBE8T allowed for money on depoelt are
as follows:
paid in
-
•
•
•
-
UNDIVIDED PROFITS
3,750,000
2,250,000
Paid Up
800,000,000.
CAPITAL
BEST
-
$14,400,000.00
11,000,000.00
159,881.84
-
Head Office—Montreal,
Rt. Hon. Lord strathoona and Mount Royal
G. C. M. G
Honorary President
Hon. Sir George A. Drummond K.C.M.G.Prevident
E. S. CLOUSTON..Vice-Pre8t. and General Manager
Call, 2& Per Cent.
Days’ Notice, 234 Per Cent.
The Company discounts approved bank and mer¬
At
BREMEN, DRB8DEN, FRANK FORT-ON-M.,
HAMBURG,
LEIP8IC,
MUNICH.
NUREMBERG, AUGSBURG
W1BBBADEN,
*
Dftutsche Bank (Berlin) London
No.
cantile acceptances, receives money os deposit
at rates advertised from time to time, and grants
loans on approved negotiable securities.
Agencvt
Yard, Lombard St.
LONDON, E. C.
FRENCH FINANCE CORPORATION
OF AMERICA.
Securities for the French
(Deutsche Ueberseelsche Bank.)
Issue drafts
market.
ACT
$4,100,000
17,600,000
$698,000
M. 2,982.000
FOR
AS
RAILWAY
AMERICAN
CORPORATIONS
IN THE OBTAINING OF LOANS AND SALE OF
t
BERLIN.
NEW
Branches!
25
Bahia-Blanca,Bell-Vllle, Buenos Aires,
Cordoba, Tueuman
Bolivia : La Pa-z, Oruro.
Ohhj : Antofagasta, Concepcion, Iqnlqne, Osorno,
Puerto Mcntt, Santiago, ValdiYia, Valparaiso.
Peru : Arequips, Callao, Lima.
PARIS,
YORK,
Broad
Street.
Uruguay: Montevideo.
SPAINi Barcelona, Madrid.
Musts# Agents: Banoo Mexicano do Comercio e
tftrrjeigu.
The London City &
Midland Bank, Limited,
HEAD OFFICES
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
ESTABLISHED 1836.
SUBSCRIBED
CAPITAL,
CAPITAL,
BE8ERVE FUND,
PAID-UP
BASLE, ZURICH, 8T. GALL,
s
GENEVA, LONDON.
of credit issued,
Capital, Paid Up
-
Surplus
Fr. 62,800,000
Fr. 14,280,000
BOISSEVAIN &
24
Adolph Boisaevain & Co.,
Amsterdam, Holland.
**
“
GENERAL BANKING
TRANSACT A
AND STOCK EXCHANGE BUSINESS.
BREMEN.
STINTBRUCKE 1
Berliner
LONDON, K. C.,
Handels-Gesellschaft,
NORTHCOTE,
BERLIN, W.,
DUDLEY & COMPANY
68 CORNHILL.
Telegraphic Address, Disoontoge. Berlin.
**
Disoontoge, Frankturtmain.
Schwolde, Bremen.
BehrenstrasBeI82-88
SooNDiTO, London.
and
Fransoslsche-Strasse 42
49 Wail
Telegraphic Address:—Handelschaft, Berlins
11
CAPITAL, fully paid,
....
807 Monadnock Bloc
London, B.C.
$40,476,209
-
Street, New York,
Poultry, Chespslde
ESTABLISHED 1856
Chicago
FOREIGN FUNDS
Al. 170,600,000.
BESERYE,
CO.,
STREET,
Members New York Stock Exchange.
Established 1851.
“
BROAD
NEW YORK.
Disconto-Gesellschaft,
•
$75,428,400
15,714,250
15,714,250
E. H. HOLDEN, M.P., Managing Director.
Direction der
FRANKFO RT-ON-M^
Rossmarkt 18L
Chicago and
With Branohes in all the Principal Cities and Towns
of England.
cable-transfers and letters
BERLIN, w„
and make collections in
5 Threadneedle Street, London, England.
Bills sent for cotlecHon, negotiated or
advanced upon.
London Agents.
Deutsche Bank (Berlin) London agency.
4 gkohge Yard, Lombard st., London, E.G.
^Agents.
F. W. Taylor, Manager.
Industrlm, Mexico.
44-44 Brhren Btrassr.
)
MOLINEUX,
Office, No. 46 & 47 Threadneedle St.
9, rue Plllet-Wlll
Argentina;
Drafts,
on
FINANCIAL AGENTS IN FRANCE
SECURITIES.
HEAD OFFICE
)
J. T.
throughout the Dominion of Canada.
$4,761,000
Reoerve Fiad
R. Y. Hebden,
W. A. Bog,
Bny ana sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Trav¬
elers’ Credits available in any part of the world;
London
BANCO ALEMAN TRANSATLANTIC!)
M.
PINE STREET.
<•
Purchasers of First-Class Investment
Subscribed Capital
M. 20,000,000
Fald Up Capital
31
CHRISTOPHER R. NUGENT, manager.
AND THE
4 George
NEW YOKE OFFICE:
At 8 to 7
Branches:
$18,712,526 Banking Transactions of Every Description.
For Investment in the United States.
ML. 37,590,611.
Wtfh the unlimited personal liability of
the following partners:
A. SCHOELLER,
I
M. Schinckxl,
A. Salomonsohn
I
J. HOETER,
e. Russell,
F. Urbig.
Capital,
-
-
M.100,000,000
Hong
Kong & Shanghai
BANKING
Reserve,
-
-
M. 29,000,000
Paid-up Capital (Hong Kong Currency).. 110,000,000
CORPORATION.
| }Sg?^r ‘lO^oSo j »>JtB0.00t
Brasilianische Bank
The National Discount
fur Deutschland.
RM.rveF.ma.
••
Reserve Liability of Proprietor*
10,000 000
GRANT DRAFTS, ISSUE LETTERS OP CREDIT, NEGOTI¬
ATE OR COLLECT BILLS PAYABLE IN CHINA, JAPAN,
PHILIPPINES. STRAITS SETTLEMENTS, INDIA. ETC.
WADE GARD’NER, Agent, 50 Wall St.
CAPITAL
m 10,060,000 00
Head Office: HAMBURG.
Branohes: Rio db Janeiro Sao Paulo, Santos
Porto Alegre.
Company, Limited.
35 CORNHILL,
Cable
Bank fur Chile und
Deutschland.
CAPITAL
M 16,000,000 00
HAMBURG, with branches In CHILI (Banco Se
Chile St .4issnasln): Valparaiso, Santiago, Conoepdon, Temqeo, Antofagasta; and In BOLIVIA
(Bcuioo do Chile A Aleman la. Beodon Boilvlana),
Lap&z and Orura
The above-named banks,
Europe by the
_
ounded and represented
Direction der Discontent!esellschatt,
Bnujx, Bremen, Franktobto m and London
k#rddevt*«be Bank In Hnnabnrg,
RAnnuKG. Oder their servlosster t very description
regular
banking transactions.
LONDON, E. C.
Address—Natdle, London.
-
-
Subscribed Capital
$21,166,025
Paid-Up Capital
4,234.325
Reserve Fund
2,000,000
<46—£1 STERLING.)
NOTICE LB HEREBY GIVEN that the RATES
OF INTTDBE8T allowed for money on deposit am
fellows i
as
At Call, 2% Per Cent
At 3 to 7 or 14 Days’
INTERNATIONAL BANKING
CORPORATION.No" ft™V'iK”"’
CAPITAL Sc SCUPLCS, *6,500,000
Buy and Sell Sterling and continental Exchange and
Cable Transfers. Negotiate. Draw or Reoeive
for Collection Buis on Points in the
Orient. Issue Letters of Credit
Branches at London, Bombat, Calcutta, Singa¬
pore,
Canton, Hong Kong, Manila. Shanghai,
Kobe. Yokohama, San Francisco, Orrr or
Mexico, Washington, D.C.. Panama, Colon.
Per Annum.
Nstiee, 234 P. C.
Approved bank and memantlle bills dlasonnted.
Meaey resolved on deposit at rates advertised from
time te time, and for ftxed periods upon terms to be
espeelally agreed upon.
Loams granted on approved negotiable sseuntts*.
PHILIP HAROLD WADE. Manager.
H. SCHERER & CO.,
BANKERS.
Celleetlens, Foreign fcxchango and Invest¬
ment
Securities*
MEXICO.
Ape. 27
1907.]
THE CHRONICLE.
Canadian
THE
faults.
CANADIAN
Hanks and Sanfeevs.
BANK
OF COMMERCE,
BARING
HEAD OFFICE, TORONTO.
PAID-UP
CAPITAL
NEW YORK OFFICE:
,
Nea. 16 AND IS EXCHANGE PLACE,
Wm. Gray and H. B. Walker. Agents
LONDON OFFICER—60 LOMBARD 8TRXXT, 8L CL
Bankers la Great Britaint
Th* Bank or England,
The Bank or Sootland.
Lloyds bank Luaixud,
union or London and Smith’s Bank. Limited.
Bar and Sell 8 ter ling and Continental Ex¬
change and Cable Transfers, (Jean me rot nl
and Travelers* Credits. Collections mode at
all point*.
Basking and Exchangebusiness of every
description transected with Canada.
Drafts, and telegraphic transfers
CO
&
Mackay & Co.
BANKERS
llO,ON,Mt
5,000,000
SURPLUS
v t
15 Wall Street* New York.
Buy and Sell Foreign Exchange
Issue Commercial and Travelers9
Letters of Credit,
INVESTMENT SECURITIES.
BROTHERS
&
Members of the New York and
Boston Stock Exchanges. Deal
era in Government Bonds and
other Investment Securities. In¬
terest
Agents and Attorneys for
BAKING
BANKERS
C0M Ltd„
allowed
deposits.
on
Nassau and Pine Streets
New York
LONDON.
pn
tho Bank’s branch It COBALT, Ontario,
issued at lowest rates.
ESTABROOK &
The Bank of
British North America
BANKERS,
CO.,
15
Congress St.
421 Cheetnut St.
Boston
Philadelphia
Established in 1886.
15 State Street* Boston.
Incorporated by Royal Charter in I84t
Paid-up Capital,
,
,
61,000,000 Sterling
460,000 Sterling
,
Reserve Fund
Head Oxtice:
London. E. C.
New York Office: 52 Wall Street
H. M. J. McMICHAEL.l Agents.
W. T. OLIVER.
94
5 GracertJurch Street
]
Buy and sell Sterling and Continental Exchange
HEAD OFFICE: MONTREAL.
GOVERNMENT,
118 branches in the Provinces of
Quebec, Ontario,
fforetgn
The English Association of American
Bond & Share Holders- Ltd.,
England
and
American and
Industrial Companies.
Corporation Bonds
The Association’s Agents in America and Can¬
ada are The Morton Trust Co. and the Bank of
Montreal.
STOCK EXCHANGES
INVESTMENT
SECURITIES
1 Naaiau
Street,
H. W. POOR & CO.
19 Oongren Street,
New York
Boaten
INVESTMENT
SECURITIES
Homer Loring
S. D. Loring,
C. Sidney Shepard, j
S. D. LORING &
Sp*®1*1-
SON,
NEW YORK
BOSTON
33 Wall Street
33 Congress St
BANKERS,
64 Devonshire Street,
.
.
Boston.
Tucker, Anthony A Co,
BANKERS *
INVESTMENT BONDS
63 STATE
THOMAS1LINDLEY, Secretary.
THE
& CO.,
HAGUE, HOLLAND.
Tel. Address, Vooo.
Codes, Hartfleld’s Wall St., W. U. A Lieber.
New Orleans
Real
Securities
913 CAMP ST.,
-
D. M. MASON & CO
PARIS.
0«Mla4s4
m mxi pass
Tlemhers Bestaa aid New Yerk Bleak
Exchange*.
.
IN, $600,000
SIMON BORG &
The South
to-day pretent8 the promise of
industrial advancement
CO.,
BANKERS,
Members of Nose York Stock
Ns. 20 Nissan Street,
Southern Municipal Securities
and Real Estate Loans
Sockange.
New Tort
•
High-Grade
Investment
Securities
the greatest
H. AMY & CO.,
Jordaan Cohen & Wennink,
BANKERS.
Company
NEW ORLEANS, LA.
Dealers In
London Cortespondents.
39 Lombard Street, LONDON. £. C.
STREET,
Estate, Mortgage 8b
CAPITAL PAID
Purchasers of First Class Investment Securities
for the British and Foreign Markets.
BROKERS,
BOSTON.
Place American Investments in Europe.
IVrsIgi
SO WALL STBBBK
for
Trustees and Directors.
Alfred W. Smith ers. Chairman
Lord Welbv, W. Lim»lky, T. Reynolds— London
T. P. Fowler—Nmv York
VAN OSS
NEW YORK
UBUBBB8 NEW YORK AND BOSTON
S*GREAT WINCHESTER STREET, LONDON.
Acts as Agent In
Canadian Railway
Municipal, Railway
67 MILK STBJUCT
71 Branches Throughout
the
Dominion
NEW YORK AGENCY. 95 PINE STREET
BANKERS
BOSTON
BAN KISS
Bank of Scotland.
Sovereign Bank of Canada
Member! Beaton stock Exchange
AND
JACKSON & CURTIS
tiona in Canada. Bay and sell Sterling Exchange
and CanJe Transfers. Issue Commercial and Trav¬
elers’ Credits, available In any part of the world.
The
Geo. A. Femald & Co.
and other
Manitoba. Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for enectlng promot collec¬
London Agents—Royal
MUNICIPAL
CHOICE RAILROAD BONDS.
CAPITAL
S6.0SO.OOO
Best and Undivided Prefits
3,674.596
NE W YORK OFFICE: 68 and 66 Wall 8t.
W. M. Barnsay, Agent.
NEW YORK.
STREET,
INVESTMENT SECURITIES.
and Cable Transfers; Grant Commercial and
Travelers’ Gredlts available In any part of the
world.
Issue Drafts on and make Collections In
all parts of the United States and Canada.
Merchants’ Bank of Canada.
BROAD
beiitrm, stims 1 bmscbm.
BANKERS.
44
and 46 Wall St., New York.
INVESTMENT SECURITIES.
Bills oi
Exokange.
Letters ol Credit.
UAJXuae,
Land Title
EsIMMsf,
FMUmggMU.
4S WsU Street,
mt* YttUL
INVESTMENT SECURITIES,
/
THE CHRONICLE.
yi
ikexs mud
ffoxxtgu.
National Bank of Cuba
Havana, Cardenas
Cienfuegos Matanzas Santiago,
Manzanillo, Sagua la Grande, Caibarien, Guantanamo, Santa Clara, Pinar del Rio, Cama*
grohers outsi&t
PHILADELPHIA.
E. W.
Havana
Street,
Galiano
CLARK
&
CO., Ross,
GENERAL BALANCE SHEET DECEMBER 31 1906.
ASSETS.
Cash—
In Vaults
$4,135,064 83
Banks and Bankers
548.169 59 $4,683,234 42
Bonds and Stocks Owned—
' >
Government Bonds
$2,585,135 82
City of Havana Bonds
1,096.255 24
PHILADELPHIA
321 Chestnut Street.
Members Phila. and New York Stock
Interest Allowed
a
263,735 22 $5,763,735 22
Deposits
$19,474,629 14
Deduct
able
$200,000 4%
131 South 6th Street
62
PHILADELPHIA
semi-annual dividend, pay¬
Bldg
Members of Phila. & N. Y. Stock Exchangee.
Investment Securities
J. W. SPARKS & CO.,
BANKERS.
Corner Chestnut and Third Sts.,
f PHILADELPHIA STOCK EXCHANGE
| NEW YORK STOCK EXCHANGE
lCHICAGO BOARD OF TRADE
Investment Securities
MEMBERS
13,710,893 92
Total
a
at’l*Bakk!*'
DEALERS IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
FOR
INVESTMENT PURPOSES
$5,000,000 00
500,000 00
Undivided Profits
112 80.4th St. and 100-102 Girard Trnst
BANKERS AND BROKERS
LIABILITIES.
Morgan & Co.,
PHILADELPHIA, PA.
Battles, Heye & Harrison
$19,474,629 14
Capital
Surplus
\
Sew York Correspondents:
Exchangee
JJepoHta.
on
TJoth
BANKERS & BROKERS
'
Other Bonds and Stocks..
88,603 33
3,769,994 39
Loans, Discounts, Time Bills, &c
■_
10,496,331 64
Furniture and Fixtures
73.171 03
Bank Building
1..:
377 853 03
Sundry Accounts
74,044 63
Total
BANKERS,
Cuba.
LXXXIV.
PHILADELPHIA
-
guey,
[VOL.
Broadway
NEW YORK
Private
Wires, N.Y., Pittsburgh, Chicago
January 1. 1907.
United States Depositary In Cuba.
Depositary for the Funds of the Republic of Cuba.
of
Bank
Acts
as
ot
dent
Havana
ffituwjcial.
Members Philadelphia Stock Exchange
Banks
UNITLH
BANK
Benj. C. Warnick
Send for latest circular
New York, Chicago, St.
BEPOSITABlf,
Capital and Surplus, 12,500,000
OFFICERS:
Piled Vogigl Jh.. Pres.
Uenkv Ki.oes, Cashier.
Wm. Bigelow, V.-Pres.
Oscar KAHTEN.Ast.Cnsh.
Kurd. T. Goll, V.-Pree.
E. J. Hughes Ass’tCasn.
a. W. Book. Ast.«'»*«D
W. C. Haas, Mur. loreign & Savings Dept.
C. E. Lndd
W. M. Ladd
WILLIAM
PORTLAND
R.
COMPTON, President.
Building
HIGH-GRADE RAILROAD 4ND OTHER
CORPORATION BONDS AND STOCK.
Send, for our Circular.
BOSTON.
new
issue
4% REQD. GOLD BONDS
Banking Business
MATURING
NOV
jADAMS & COMPANY
7 CONGRESS ST.
BONDS FOR
paid on Time Deposits
T. W. STEPHENS &
Jiccotmtauts.
2 Wall
1st Nat. Bank Bldg.
AND
ALL
-
-
20 Broad Street
FIRST
CO., ALBERT
New York..
20
CERTIFIED PUBLIC ACCOUNTANT8
52 Broadway, New York.
189 LaHalle Street, Chicago.
ROSE & CO.,
Certified Public Accountants
50 Pine Street
NEW YORK
Telephone 4201 John.
SONS,
BOSTON, MASH.
P
MILLER Jr.
1NDUS1 RIAL TRUST CO
BUILDING
AND BROKERS
MORTGAGE
Local Securities
Gas, Electric Lighting & Railway
Bonds and Stocks
GOLD
TOPEKA.
Gas Bonds
30 Broad Street New York.
Tel, 4958 Broad.
-
BAKER & VAUGHAN,
LOOMIS, COFANT & CO.
CERTIFIED PUBLIC ACCOUNTANTS
JAMES PARK & CO.,
J. HAYES &
CLEVELAND, OHIO.
PROVIDENCE, R. I.
BANKERS
HOW,
-
New York
Special Department for Bank Examinations under
the management of a National Bank Examiner
of many years’ experience.
Sold.
PROVIDENCE.
W. E. R. SMITH &
Broadway,
and
SECURITIES.
•
CERTIFIED PUBLIC ACCOUNTANTS
MUNICIPAL AN!)
W
MARKETABLE
UNLISTED
Wall Street Exchange Building.
NEW YORK.
52
Pine 8tN.
PUBLIC FRANCHISE CORPORATION
Bought
BONDS
Land Title Building
Pllil.ADKL.PHlA.
Wilkinson, Reckitt, Williams & Co.
Sc 37
BONDS
Public Accountants
(Ptnniylvuta)
New York Office, 40-Wall
CHICAGO
Continental BuUdlng.
ROSS BROS &
MONTGOMERY
CO.,
Street, New York.
BALTIMORE
LYBRAND,
Certified
INVESTMENT
MEMBERS BOSTON STOCK EXCHANGE
Savings books issued on Savings Deposits
interest
BOSTON.
1956
Department
Bank
Savings
Philadelphia, Pa
-
NEW YORK CITY
OREGON
-
Street,
Dealers in
J. W. Lndd
Established 1859
Transact a General
Louis and
4 Wardell
BANKERS
-
BANKERS & BROKERS,
141 South 4th
Kansas City references
LADD & TILTON
-
W. G. HOPPER,
H. 8. HOPPKB,
Members of Philadelphia Stock Exchange.
Hopper & Co.,
MILWAUKEE.
STATES
PHILADELPHIA
School, City, County and Drainage
Our list gives a wide selection of Wm. G
many attractive issues in 6izes of
STOCK AND BOND BROKERS.
$2,000 to $100,000.
28 South Third Street, Philadelphia.
Opinion Chicago counsel, full legal
Investments receive our special attention. Infor¬
papers furnished
mation cheerfully furnished
regarding present
We buy direct and handle nothing holdings or proposed investments.
on brokerage
Close buying, large volume and small
& Co.,
profit make our offerings attractive
tyiXVLliCXS
NATIONAL
Street,
(Established in 1889)
UNITED STATES DEPOSITARY
OF
Stocks and Bonds
104 South 4th
MACON, MISSOURI.
MISSOURI MUNICIPAL BONDS—
FIRST
Syracuse Rapid Transit
William R. Compton
Bond & Mortgage Co.
Cuban Correspon¬
American
JOHN H.McQUILLEN & CO.
BROAD STREET.
KANSAS
NEW
YORK
I buy any of the older issues of
Kansas bords
D. H. MARTIN,
FRACTION. GAS & ELECTRIC
FINANCE CO.
TOPEKA,
KANSAS
NEW JERSEY.
JOS. B. MAYElt, President.
EDWIN R.
11 Pine Street
Ye will Par chase or Finance Electric
Railways,
Lighting and Gas Properties
LARGE PROPOSITIONS PREFERRED.
CASE,
ESTABLISHED 18-9
NEW JERSEY
SECURITIES,
15 EXCHANGE PLACE
Telephone 751.
JERSEY CITY.
Apr. 27
1907J
THE CHRONICLE
vn
jankers and gfookers outside f^ewDovh.
BUFFALO.
LOUISVILLE.
JOHN
MEADOWS, WILLIAMS & CO.,
ESTABLISHED 18b\*
Banker and
Broker.
ROBINSON BROS.,
INVESTMENT SECURITIES
DEALERS IN
Street
BUFFALO, NIAGARA FALLS AND
LOCAL
DUNLAP,
i.OUJSVILLE. KY.
MEMBERS NEW YORK STOCK EXCHANGE
OTHER
L.
PITTSBURGH.
Railway Issues
a
Member Louisville Mock
SECURITIES
New York
Bankers,
Specialty
Excnang'
Correspondent. MIDLER
.
MEMBERS
OF
NEW
YORK
AND
PITTSBURGH STOCK EXCHANGES
CO.
&
Wood and Diamond Sts., PITTSBURGH
J. J. B. HILLIARD &
GEORGE R. TELLER,
Investment Securities
&
Oldest Pittsburgh. Membors N. Y. Stock
Exchange
BOWEN,
ROBERT C. HALL,
LOUISVILLE, KY.
INVESTMENT SECURITIES.
Building.
Municipal
C New York Stock Exchange.
Rochester Stock Exchange.
C Chicago Board ol Trade.
MEMBER PITTSBURGH
and Corporation Bonds
SPECIALISTS ROCHESTER SECURITIES
BANKERS
AND
Avenue,
PITTSBURGH, PA.
BROKERS.
LOUISVILLE.
Application.
4% to 6% Bonds
MYRON W. GREENE
BOND llOUHE OF
BANKERS
Municipal and Corooration
MILWAUKEE
Brothers,
BROKER*,
OUice;
11
Wnll
SOUTHERN.
MOTTU
NASHVILLE, TENN.
WISCONS N
Pittsburgh, Pa.
ot
James 8. Kuhn,
L. J,. iVlTlelland.
President
Sec. X Treas.
PA1D-U P BA PITAL, $£00,000
COULDMsTg MARR,
LANDIS BANKING CO.. BANKERS
x
►Securities.
Sons.
NASHVILLE,
Members Indianapolis Stock Exchange
INDIANAPOLIS
ATLANTA
DARWIN G.
Fletcher Bank Building, Indianapolis.
PROVIDENCE
Richardson & Clark.
AUGUSTA, GA.
CORRESPONDENCE SOLICITED.
BANKERS,
Dealer* In Southern Investment Se¬
curities ol livery Description.
WILMINGTON, N. C.,
AND
WASHINGTON, D. C.
JONES,
SECURITIES, NEGOTIATIONS.
BROKER,
AUGUSTA, GA.
Hugh MacRae St Co.,
40H Colorado
ATLANTA, GA.
John W. Dickey,
SECURITIES,
TENN
NASHVILLE, TENN,
STOCKS AND BONDS
LOCAL, STOCKS AND BONDS.
BUSH,
BROKERS
NOUFOLE, VA.
-
THOS. PLATER & CO.,
TRACTIONS AND
SOUTHERN SECURITIES.
AND
6% REAL ESTATE BONDS 6%
NEWTON TODD
AUGUSTA.
-
CO.
Sc
Telephone and Street Railway
Investment Securities
WILLIAM E.
Correspondence Solicited
NASHVILLE.
CO.,
BONDS
150 STOCKS)
Stvet.
Dealer in
American Nat. Bank Bldg.
INVESTMENT
Securities Co.
York
NASHVILLE STREET KY. SECURITIES
CUMBERLAND TELEPHONE STOCK
&
PITTSBURGH.
We Buy and Sell
and
Joseph T. Elliott &
RONDS.
CORPORATE
INDIANAPOLIS
INVESTMENT
INVESTMENT SECUIIIT1ES.
Columbia Bank Bld*v
Municipal and Corporation
Now
ESTABLISHED 1850
Co.,
LOCAL STOCKS AND -BONDS.
R. M. FRIEND
SCHLEY
Ad
Members Pittsburgh Stock Exchange.
Birmingham.
Alabama.
Investment Securities.
MUNICIPAL
-
YV. .1. JOlacli
HANKERS AND
ITnlonTniKt Hid-., DETROIT. Midi.
•
of the United
States Steel Corporation
BROKERS,
AND
Steiner
BONDS
MILWAUKEE,
AND
STOCKS
BANKERS
CHAS.
Underlying Securities
Birmingham, Alabama.
MOSS S COMPANY
BONDS
We Deal In
Otto Marx & Co.
DETROIT, MICH.
Taylor & Company
£48 Fourth Avenue, PITTSBURGH
BIRMINGHAM, ALA.
Rochester Securities
CHAS. SCHLEY
H. P-
N.Y. Correspondents: KELLEY, MILLER &
CO.
BANKER
E.
EXCHANGE
240 Fourth
INVESTMENT SECUKITIES.
W.
STOCK
We make a specialty of all the Securities ol
the great Pittsburgh District.
Halsey & Halsey,
s
BROKERS,
FRICK BUILDING.
EX. NORTON & CO., N. Y.
WOOD
BONBRIGHT & HIBBARD
STOCK
RAILWAY SECURITIES
A Specialty.
Correspondents.
on
Whitney, Stephenson & Co.,
INVESTMENT BONDS.
STREET
ROCHESTER, N. Y.
Daily Lists Mailed
Established 1371.
BANKERS AND BROKERS.
Local Stocks.—BONDS.
Members:
PITTSBURGH, PA.
*
LOUISVILLE, KY.,
BUFFALO, N. Y.
100 Powers
SON.
Davenport &
Co.,
BROKERS,
BANKERS
ESTATILIPHLn 1800.
Correspondence solicited and information fur¬
nished about Southern State, Municipal and Rail¬
road Investment Securities.
Roforence—Rank of New York. N. B. A.
BALTIMORE.
Exchange Street, Providence, K. I.
Transact a general banking business. Bonds,
Stocks and Local Securities.
Private wires to
Hew York. Boston and
Philadelphia.
William Wilson & Sons.
Established 1802.
Strassburger,
Southern Investment Securities.
JMONTG OMER Y, ALA.'
Wilson, Colston <fc Co.
Established 1807.
Wilson, Colston Sc Co.,
Members of Baltimore Stock
MONTGOMERY.
A.
AND
RICHMOND. VIRGINIA.
BANKERS,
25
Building.
Exchange,
BANKERS,
£16 E. Baltimore Street, Baltimore.
,
.
Investment
and
specialty, and whole
Miscellaneous
issues handled.
tacilitles lor denim ir in ali classes
Bonds.
Doans
on
Securities
a
Exceptional
of Houthern
Collateral Securities negotiated.
VIII
THE CHRONICLE
[ VOL LUIIV,
Datifejece arid ^xoUtvs antsi&z Hero ^0rfe.
CINCINNATI.
4% Bonds
i,
v~',7 v*/",;?
*'.;y
8T. LOUI8.
Bartlett, Frazier
C/V;*
4^% Bonds
,.
CHICAGO.
&
*
5% Bonds
A. G.
Carrington,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
(Municipal and Corporation)
IB BROAD STREET
NEW YORK.
WESTERN UNION BLDQ.; CHICAGO.
CINCINNATI, OHIO
PRIVATE
W. E. HUTTON &
CO.,
INVESTMENT BANKERS
5
STOCK
Bonds and Stocks of Ohio
Companies.
-
NEW
]90ti.
Pric*
Jr. & Co.,
Due July 1, 193t».
I02M.
AND
CINCINNATI,
WHITE, WAGNER
AND
cioal and
CO.,
COLUMBUS
STOCK
Corooration
Bonds
are
DENVER, COL.
as
collateral.
Cor¬
W. B. McKeand <&
Municipal and Corporation
The Rookerv
Co.,
Chicago.
BONDS
GROUND FLOOR EQUITABLE BUILDING
E.
PRICE,
A. G. Becker &
and Corporation
BONDS
BANK
STOCKS
COMMERCIAL
*
St.
Louis
WELLS
Investment Securities.
WHITAKER
Co.,
Alunicipal and Corporation
PRIVATE WIRES TO
Sts,, Chicago.
300 N. 4th ST.
8l
DICKEY CO.
SECURITIES A SPECIALTY
CEO.
Commercial
B.
LANE,
ST.
-
MINN.
-
KANSAS CITY, MO.
CALIFORNIA BONDS
municipal, (School District and Corporation
THEY PAY A BETTER RATE OF INTEREST
IH AN BONDS OF THE SAME MERIT ISSUED
IN THE EAST
H. P.
Missouri and Kansas Securities
Monthly Offerings Hem
BONDS
CO.,
SECURITIES,
MEMBER LOS ANGELES STOCK EXCHANGE
a
Specialty
on Reguest
COMPANY
Bonds and other
*■*
• •
Hayden, Miller & Co.
Investment Securities
Citizen* BulldlnS.
CLEVELAND, O.
Kansas City, mo.
*
CENT
ANGELES.
\
CLEVELAND.
ORTHWEIN, KcGBCM INVESTMENT
; ‘
dealers
J. STILSON
LOS
Exchange.
Investment Securities.
f K.O.
Ry. & Light Securities
i Local Bank Stouts
{ Kans.A Mo. NfaufotpalBonds
EMERY, ANDERSON & COMPANY
PASADENA
INVESTMENT
^oul8 Btoclc
Government
v<w>-R-W-Oi~.r.~ ~
municipal and Corporation
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
FIELDMSJG
j gt
BOltfBS
WM. R. STAATS CO.f
LOS ANGELES
LOUIS, MO.
DEALERS IN
Established 1885
LOS ANGELES, CAL.
PER
Street,
Wright Investment Co.
us
Adams-Phillips Co.
d
ST. LOUIS
Mflmhfirn)New York Stock Exchange,
Members
Paper and Investments.
LOS ANGELES.
4 TO
-
-
307 North 4th
MUNICIPAL fvnd CORPORATION
MINNEAPOLIS,
NET
-
G. H. WALKER & CO.
BONDS
TO
CO.,
principal markets
BONDS
Correspond, with
&
Special Attention to St. Louis Securities
MINNEAPOLIS, MINN.
PHILADELPHIA
COAST
Exchange,
Exchange,
MINNEAPOLIS.
MORRIS BROTHERS
PACIFIC
Stock
Chicago Stock Exchange.
PAPER,
S. W. Cor, Monroe Sc La Salle
PORTLAND, ORE.
PORTLAND
Member* New York Stock
(IH CORPORA TED.)
Banker Sc Broker,
Municipal
ST. LOUIS.
Investment Securities
SEATTLE. WASH.
JOHN
Street,
respondence invited.^
William E. Sweet & Co.,
•
Investment Securities.
suitable for the investment
of trust funds and would alwavs
EXCHANGE
be available
'
DEALERS IN
vieldingr from 4% to 5%, which
BONDS
Miscellaneous Securities in all Markets
MEMBERS
Chicago
Board ot Trade.
Chlea
214 N. 4th
We have at all times lar^e
amounts of Hicrh Grade Muni-
&
( New York Stock Exchange.
j
Chlea
} Chlcftff°
Stock
Change.
Stock Exchange.
J St.
St. LouU
L<
t ^
I
OHIO.
-
COLUMBUS
STOCKS
Members
DEALER
-
Broadway, NEW YORK.
FRANCIS, BRO.&CO.
EDGAR FRIEDLANDER
BROKER
71
CHICAGO. ILL.
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated July 1
St. Louis.
BROKERS,
New Vork Stock Exchange,
New Vork Cotton Exchange.
New York Cottee Exchange.
New York Produce Exchange.
Chicago Stock Exchange,
Chicago Board ot Trade,
St. LouIn Merchants Exchange.
Membersi
ISSUE
410 and 412 Olive Street,
Successors to A. O. SLAUGHTER A CO„
139 MONROE STREET,
OHIO.
-
STOCKS AND BONDS,
wires.
A. O. Slaughter
-
CINCINNATI,
»>
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
139 East Fourth Street
&
SONS,
MEMBERS:
WEIL, ROTH & CO.
EDWARDS
MUNICIPAL
OTTO JULIUS MERKEL
AND
BR.KER
PUBLIC SERVICE CORPORATION
44
AND
44
WALL
ST.,
NEW
VORK.
INVESTMENT SECURITIES.
Correspondence Invlbed
BONDS
Garfield
Bulldlnc,
-
Cleveland
Ape. 27 1907. j
THE CHRONICLE
IX*
Hem ^3ork <§toch gxcltauge gottses
T. A.
McIntyre & Co.,
JOHN F. HARRIS.
)
H. R. winthrop,
> General Partners
T. E. CUNNINGbAM )
J. A. ripley, Special Partner
New York Stock Exchange.
New York Cotton Exchange
New Orleans Cotton Exchange
New
New York Stock
Exchange
Chicago Board of Trade
Chicago Stock Exchange
Branctt
Offices, 516 Fifth A venae
Oelmonico’s and 305 Broadway
EFFINGHAM LAWRENCE & CO.
Members New York Stock
STREET
240 La Salle Street
CHICAGO
PRIVATE
C.
I.
WIRES
HUDSON &
CO.,
CORNER WALL.
Telephone 3070 J ohm.
Miscellaneous Securities
in all Markets.
PRIVATE WIRES TO PRINCIPAL CITIES
STREET,
Members N. Y. and Phila. Stock
to supp'ytnsr high class
1N VEnT M E N T
Interest Allowed
on
SECURITIES
Deposits Subject to Check
Newburger, Henderson & Loeb,
Members of the N.Y. and Phila. Stock Exchanges
Broadway,
New York
P. J. GOODHA RT & CO.,
527 CHESTNUT ST., PHILADELPHIA
Hankers
STOCKS-BONOS
Telephone 2240 Rector
Robert H. Allen.
326 Walnut St., Cincinnati
Bank and Trust Co. Stocks
LADD &
HARRIMAN&
TRINITY
Exchange,
BANKERS AND BROKERS,
Newport Office: Audrain Building.
A. M. KIDDER & CO.,
BANKERS,
18 WALL. STREET, NEW YORK,*
Established 1865.
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow Interest
or on
Margin,
INTEREST ON BALANCES.
Hanover Bank
Bldg,,
NEW YORK.
deposits subleot to sight oheck.
RAILROAD BONOS
MIUKANTEED SfOCHS.
CO.,
BANKERS,
Orders Executed on All Leading
Stock Exchanges.
Members
24 Broad Street. New York.
:
New York Stock Exchange
Philadelphia Stock Exchange
Members
388 Chestnut St.,
N. Y. Stock Exchange.
Jas. Lobimer Graham
PHILADELPHIA
-
Henry f. Tatlob
Wm. Sharp Leggett
GRAHAM, TAYLOR & CO.
H.
Goadby & Co.,
BANKERS AND BROKERS,
NO.
74
BROADWAY.
NEW
Successors
R. T. Wilson &
18 WALL
BANKERS
33
COMMISSION
&
STREET,
NEW YORK
Branch Office.
YORK.
Co.,
to
8. F. JOHNSON A CO.,
Troy N. Y.
MEMBERS NEW YORK STOCK KXCHANQ*
Members N. Y. Btook Exchange,
Orders Executed for Cash
on
Buy and sell on commission st <cks and bonds, and
ALLEN, McGEAW & CO.,
W.
Wilson, Watson & Herbert,
Exchange
of
BRANCH OFFICE, NIGHTdk HAY BANK,
527 FIFTH AVENUE.
Stanley D. MoGraw
INVESTMENT SECURITIES.
7 WALL STREET.
CO.,
BUILDING, NEW YORK
Transact a General Banking and Stock
Business. We make a specialty
William M. Vance.
WOOD,
Members New York Stock
Syracuse, N. Y.
Schenectady, N. Y.
Troy, N. Y.
Utica, N. Y.
CHARLES FEARON &
NEW YORK
-
-
Montreal. Can.
St. Louis, Mo.
deal In
lOO
57 BROADWAY
Erie. Pa.
Exchanges.
Orders for St tckn and Bund* executed upon all
Exchanges In this country and Europe.
Especial attention given
Williamsport Pa
Wllkesbarre, Pa.
Scranton, Pa.
Investment Securities.
BANKER* AND BROKERS,
NO. 10 WALL
OFFICES
Waldorf-Astoria, N. Y. C.
Flatiron Building, N.Y.C.
2 East 44th St., N. Y. C.
Buffalo, N. Y.
Cincinnati, O.
Cleveland, O
Dayton O.
Detroit, Mich.
Nos. 34-88 WALL 8T., NEW ¥0BK.
Telephones 4255-4*5(5-425? Rector.
CO.,
Postal Telegraph Bldg
BRANCH
Member* of New York and Chicago 8took Exchanges
JOHN H. DAVIS &
and
IN
DEAL
Railway Exchange Bldg.
Exchange,
PRIVATE WIRE8 TO PRINCIPAL CITIES.
Cotton
Board of Trade
Stock Exchange-
Private wires to principal cities.
Tel 5555 Bro
CHICAGO. ILL.
MEMBERS
25 Pine Street
Robert H. otmpeoa
and
Chicago
MISCELLANEOUS SECURITIES
IN ALL MARKETS
NEW YORK
Rtnagham Lawrence
Stock
York
Stocks, Bonds and Grain
Orleans.
CORRESPOND ENOE SOLICITED
-
STOCKS, BONDS AND
Direct wire connection Boston,
NASSAU
Exchanges
New
Harris,Winthrop& Co.
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
Chicago, and
the
of
Cleveland
MEMBERS:
1
Member,
STREET
BROAD
30
BROADWAY
71
BROWN & CO..
O.
A
Chas. Fairchild & Co.,
Member* N. Y. Stock Exchange
MERCHANTS
29 WALL STREET AND 3 BROAD STREET
Wall Street New York.
BRANCH OFFICE
Howard
Lapsley & Co.,
15 BROAD NTKEET, N. Y.
Transact
a
General
Banking and Stock
ExoUange Business.
ACCOUNT8 OF BANKS A BANKERS SOLICITED.
EX. NORTON & CO.,
Exchange Place, New York.
Bx-Norton, Mem. NY. Stock Ex. Goo. F. Noeton
■ N VEST in K NT
INTEREST ALLOWED ON DEPOSITS.
Private Wires to Cincinnati and Chloago.
R. B. Dodson.
Fahnestock &
Co.,
BROKERS AND DEALERS IN
INVESTMENT
WEBB
BANKERS,
No. 57 Broadway, New York City
Members New York Btook Exchange
R. J. JACOBS &
CO.,
N.
Y.
41-43 Wall St.
Parkinson & Burr,
SECURITIES.
or on
Margin
43-49
Exchange PI,
NEW YORK
perley morse
henryc
ptm.)
DAvis.s*cy.$
Certified Pubic
Accountants
Telephone 22<K>-8270 Broad
SECURITIES
Stock Exchange.
Orders Executed for Cash
C0„
STANDARD AUDIT CO.
INVESTMENT
41 FEW STREET.
Memben
&
BROADWAY, NEW YORK
STOCKS, BONDS and INVESTMENTS,
ORDERS EXECUTED
Per Investment er ea Margin
Campbell & Co.,
STOCK
INVKSTMENT
74
BOODY, McLELLAN & CO..
H. G.
EDWIN P. CAMPBELL.
Securities Bought and Sold on Com¬
mission*
SECURITIES.
2 WALL STREET-
CAMPBELL,
11 Wall Street. New York.
MEMBERS NEW YORK STOCK EXCHANGE
Fahnestock, Memb. N. Y. Stock Ex.
T. j. Mumford,
HENRY G.
Financial.
Branch Office. 500 Fifth Ave.
Wm.
SECURITIES
Barclay Bldg., 299 Broadway
Hotel Empire. 63d Street and Broadway
•J. G.
BON»*B
LOANS
BANK AND TRUST
COMPANY
STOCKS
Zachry & Co.
BANKERS, 46 Wall St., New York
r WALL
BROKER8,
STREET,
53 STATE STREET.
NEW YORK.
BOSTON.
Members of New York and Boston Stock Exchanges
Private wire between the two offloes.
Information given in regard to all Boeton Securities
and quotations furnished.
Jas. H. Oliphant & Co.,
J
BANKERS AND BROKERS,
20 Broad Street,
.
.
New Yerfc.
TSLXPHOHS No.8^5 RlCTOR
JAS. H. OLIPHANT
FLOYD W. MUNDY
ALFRED L. NORRIS
J. NORRIS OL1P1LANT
Members New York Stock Exchange.
JTS. & R. D. FARLEE,
MEMBER8 NEW YORK STOCK EXCHANGE.
BROKERS AND DEALERS IN
INVESTMENT
SECURITIES
11 WALL STREET. MEW YORK
X
THE CHEONICLE.
(Ettvreni S 'tuX
Colorado
[VOL.
inquiries
Springs & Cripple Creek District 5s
43^s
Fonda Johnstown & Gloversville
High Gr* de
Toronto Hamilton & Buffalo 4s
Gulf Beaumont & Kan. City 6s
Hoosac Tunnel & Wilmington 5s
InvrHtment Securities.
List
St.
BANKERS
Southern Indiana 4s
AND
ALL .STEAM
RAILROAD BONDS DEALT IN
BY
J. LISMAN & COMPANY,
SPECIALISTS
IS
BROAD
Telephone
35 Broad St*.
3945 Broad
Mew York
NEWBORG & CO.,
STEAM RAILROAD SECURITIES
Member* If. Y. Stoek Exchange
44 <& 46 BROADWAY, N. Y,
STREET, NEW YORK.
45 NEW STREET.
Land Title & Trust Co. Building PHILADELPHIA
169 East Jackson Boulevard, CHICAGO
404 Connecticut Mutual
Members New York *tock Exchange.
Building:, HARTFORD
Short*Term Notes
New York
New York
A.
LISMAN &
Southern
Railway Cons, os
Georgia Pacific Os
New Yoik & Long Branch 4s
CO.,
*
Specialists in Uncurrent Issues.
Tel. 5950-1-3 Broad.
35 Broad St.
&
Equitable Building, New York.
!
ATLANTIC
COAST
Telephone, 0746 Broad.
“NEWROSK.”
7s
Hartshorne, Bogert & Battelle,
Members New
Royal Baking Powder preferred.
U. S. Printing Company preferred.
Union Typewriter.
LINE
March. 1907.
Due March,
1910
Price, Market ; to net over 5 H%
Cable Address:
International Coal & Coke Stock.
Weetingliouse 5s
3-Year 6% Gold Notes.
Dated
stock markets.
WANTED.
Ship Island os
Indianapolis & Vincennes
BORDEN
Scrip.
Deal in Bonds, Stocks and Investment
Securities and transact an arbitrage
business with the principal European
Central Pacific 34s
Erie Consol. 7s
Gulf &
PROCTER
5s, 1936
Wabash New 4s and
30 Broad Street
Short-Time Bonds.
•
City Bonds
Allls-Chalmers
LIB BEY &STRUTHERS
RAILROAD NOTES.
A
Request.
6. W. Walker & Co.
Joseph & Grand Island 4s
Wilkes=Barre & Western 5s
New York & Jersey 5s
30
on
Boonville St. Louis & South 6s
tL
F.
LXXXIV.
21 Broad
York Stock Exch&cc.
Steet, New York.
Telephone No. P480-1-2 Broad
WE
ARE
PREPARED TO BUY OR SELL
Lake Shore Deb. 4s, 1931.
WANT
MATURING
The bond market
now
portunities to Investors.
righted book
BONDS
Wadsworth &
affords’unusual op¬
Send for
our
Members New York Stock Exchange
copy¬
2 Wall Street.
"INVESTORS’ MATURING BONDS,”
with comparative
tables—a useful book for
bond buyers.
April
of offerings sent
Lincoln &
Investment Bankers.
on
NEW YORK.
COFFIN
18 Wall St., N.
34 Pine Street. New York.
Tel. 6109-1-3-3-4-5 John.
Flint & Pere Marquette Cons. 5s.
Roch. & Pitts. Cons. 6s.
Y
Rhoades
Chicago & Western Indiana Cons. 4s
Cuban Government Internal 5s
BECKER & STERLING,
Tel. 985-986-987 Rector.
COMPANY,
BONDS
Company
New York & Jersey 5s
Lake Shore (new) Deb. 4s, 1931
Artesian Water (Memphis) 1st 5s
Terminal R.R. Asso. St. Louis 4s
&
Members N.
Company,
Y. Stock
Exchange
7 Wall St., Corner New
NEW YORK.
American Light & Traction common
American Light & Traction preferred
Denver Gas & Electric stock
Denver Gas & Electric bonds
St. Paul Gas Light General 5s, 1944
Lincoln Gas & El. Lt. Co. stock
TOBY &
Telephone 1135 Rector.
LAMARCHE,
26 Broad St.. New York
St.#
Lighting
and
Traction Securities
A SPECiAi_TY
Savannah Electric 5s
City of Austin (Texas) 4s and
Lake County (Colorado) 4s
Naumkeag St. Railway 5s
Lynn Belt Line 5s
18 Wall St., New York
BAKER, AYLING
&
COMPANY
*
5s
Swift 5s
Dealers in Unlisted Inactive Stocks and Bonds
F.
W.
MASON
&
CO,,
53 State St.. BOSTON. HI ASS.
Investment Bonds
Land Title
&
application.
Southern Minnesota 6s.
CbM* Add, ’• Beckster.”
Iowa Cent. 5s, 1938.
Cin. Day. & Iron. 5s, 1941.
United N. J. R.R. & Canal 4s, 1944
St. Louis Merchants Bridge 5s, 1930.
Wright,
Building
PHILADELPHIA
Lake Shore & Mich. So. 4% Deb. 1934
Pacific of Missouri 1st 4s, 1938
50 Congress Street
BOSTON
Washington Term. 1st 34£s, 1945
American
Toledo
M.
2 JSORIPTIVE CIRCULARS SENT ON APPLICATION
Cigar 4s, 1911 & 1912
Ry.r& Term. 4y£s, 1954
WOLFF,
Cabl« Add. “MOWOLF” 27 William St., N
Phones: 6557-6558-6559 Bread
Y
Apr. 27
1907.)
THE CHRONICLES
(giirvent gtotid
5629018—Choenmsta.pke
XI
Inquiries.
Pennsylvania Railroad Co.
First Nat. Bank, New York, stock
Georgia Midland 1st 3s
5% Gold Notes, due March 15, 1910
Price
99
PRnPfToJdlscrlmlnatlng Investors, these
Missouri Kan. & Okla. 1st
5.35
and interest; yield over
New York &
notes appeal as probably the most'attractive of Railroad Note8
not alone because of the high credit of the maker, but because they have what most recent Issues lack,
namely, collateral security consisting of
Sav. Elec. (S. T. & I.
25
20 BROAD
BROADISTREET. NEW YORK.
Ashmore, Lutz Si Hitchcock
145 Brond St.
IN VESTMENT ^SECURITIES
7$
Sutton, Strother & |Co.,
|'£ (BANKERS AND ^BROKERS,
Q.d V U04 South Calvert'Street,
!
*
If
•
•
*•'-
i BALTIMORE. £2
•
y Members of BaltlmorelStocklExehange.
Public Service
Corporation Bonds and Stocks
Exclusively.”
South Ferry (Met. St. Ry., N Y.) 1st 5s 1919.
2d Av. Ry.(Met.St.Ry..N.Y.) 1st 5s’09&cns5s’48.
28&29St.Cross.Ry.(Met St,.Ry.,N.Y.) 1st 5s ’90.
B’way &7th Av.Ry. (\U t.3t.Ry.,N. Y.)2d 5s ’14.
Union Ry. (N. Y > 1st 5a 1942.
Central Union Ga*_Co.(N.Y.) lst;5s 1927.
Tel. 3785-378&,Kector
20:New'St., N.Y. City
SCOTT & STRINGFELL0W
Tel. 4301-2 Broad
Lack. &
Wyoming Valley Col. 5s 1951
Rich. Pass.&JPow.5s 1925 and Rec’ts
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application send our circulars on
the following properties.
Members N
A. H. Bickmore &
Co.,
CO.,
Boston.
porations
carefully
for
conservative
20 Broad St.
N
Y.
Chicago Indianap. & Louisv, 5s &J6s
Louisville New Albany & Chicagof6s
Westchester Lighting Co.£5s
New York & Jersey 5s
o
N
TO
NET
30 Pine
434%
5*4%.
to
Members N. Y. Stock Exchange.
NASSAU
5
JJew York
Street,
S. C. HENNING &
New York.
ST., NEW
Pennsylvania
Bequest
on
Telephones
j
YORK.
Rector
CO.,
BONDS
Louisville.
FOR
INVESTMEMT
Ry. & Light Securities
Springfield Ry. & Light Securities
specialit* In
Northeastern Pennsylvania Securities
International Traction of Buffalo and
other Traetion Securities
A. N. CHANDLER & CO.
BANKERS.
Jester & Co.,
BROADWAY
27
PINE
STREET,
TELEPHONE
NEW
YORK.
237 JOHN.
FIRST
AND
NET
W. A.
WILLIAMSON,
Investment Securities,
PHILADELPHIA
MORTGAGE
3 H
TO
RAILROAD,
5%
BONDS.
WATER
5)4%.
AT
List
GAS
PRICES
upon
TO
Application
Burlington (Iowa) Ry. & Light Co. 5s
Consolidated Gas Co. of New Jersey 5s
Green Bay Gas & Electric Co. 5s
Kingston Gas & Elec. 5s(Guar.by Amn.GasCo.)
NEW YORK
STREET.
THE BOURSE
NEW YORK
E.I.duPont deNemourP. Co. pfd.&com .stocks
Am. Vulcanized-Fibre Co. pfd. & com. stocks.
GEO. P.
BISSELL,
11N Sooth Fourth St.
Philadelphia. Pa.
Bank Stocks
Trust Company Stocks
Insurance Company Stocks
Guaranteed Stocks
U. S. Steel 1st 5s, 1951
Utah Lt. & Power 4s, 1930
Staten Island Water Supply
INQUIRIES INVITED
FREDERIC H.
HATCH,
Dealer In Unlisted Securities of Railroads and other
Corporation* in the United States aud elsewhere
TeL 6320 Broad.
30 Broad
St. Naw York
LEONARD
i
66
402 Land Title
SNIDER,
Building, PHILADELPHIA
Tel. 4640 John
INVESTMENT SECURITIES
E. C. Stanwood & Co.
BANKERS.
96 MILK STREET
BOSTON
6s, 1911
Broadway; NEW YORK
Y.
Rosen, Stillman & Go.,
York City
Exchanges
BANKERS
CO.,
St.
St. Louis & San F. 43^s, 190S.
Montana Central 6s.
Louisville & New O. 1st 6s.
Winona & St. Peter 7s.
American Invest. Sec's Stock
Minn. & St. Louis Cons. 5s,
30 Pine Street, New
and Phila. Stock
High-Class Industrial Issues
CO.,
20 Broad
PA.
MEGARGEL & CO.
investment
Telephone 6150 John.
1931
C. L. PARMELEE &
Y
Manual .of
selected
Inactive Railroad Issues
Tel. 910-1 Rector
-
Northeastern
Securities, Now Out, Mailed free
BONOS of Public Service Cor¬
55 WILLIAM
Lake Shore & Mich. Southern
Tel. 1985 Rector.
liOfl
Ill
Appleton (Wis.) Water Co. 1st 6s
Randolph W.Co. (Moberly, Mo.) 1st 6s
MetropolitaniWater Co. Istj4s
PATEKSON &
-
DEALERS IN
Our
HIGH-GRADE BONDS
Palatka (Fla.) Waterworks Co. 1st 6s
Defiance (O.) Water Works Co. 1st 6s
Deb. 4s,
-
HIGH GRADE BONDS
& Ohio
Northeastern Pennsylvania Investment
B. & O., C. & O. and N. & W
Securities
C. & O. and N. & W.
Correspondents: Edward B. Smith & Co.
& Ohio Dividend
Omaha Water Co. Consolidated 5s
-
SCRANTON
of Ga. Income Bonds.
R.R. Notes & Inactive Securities
Bank & Trust Co. Stocks
5
27 State Street
CO.,
BANKERS,
New Orleans
Lackawanna’SteerCo. Stock & Bonds
Specialists in Inactive Ronds,
&
MEMBERS NEW YORK STOCK EXCHANGE.
Members New York Stock Exchauge
H. C. SPILLER &
BROOKS
Bankers A brokers
PHILBRICK & HALL
145 Broad pit.. N. Y.
NEW YORK
BANKERS
LEONARD F. HEPBURN, Broker
**
ST.,
Jr.,
PHILADELPHIA
RICHMOND, VA.
Tel. 2072-8-4 Bd
H.) 1st 5s
GEORGE C WHITE
Co.
BANKERS
f»T BOSTON
Jersey 1st 5s
New Amsterdam Gas 1st 5s
$45,000,000 PENNSYLVANIA 4% EQUIPMENT CERTIFICATES
10,000,000 PENNSYLVANIA 4% WATER SUPPLY BONDS
8.800,000 PENNSYLVANIA COMPANY STOCK
Pfaelzer
os
in
THE CHRONICLE.
[VOL.
LXXXIV.
fjitiatuciat.
fftmmcial.
UlinoisTrust & Saving s Bank
Travelers'
Letters of Credit
CHICAGO
Capital and Surplus,
-
$11,800,000.
-. -
Payable throughout the World
Pays Interest
Time Deposits, Current and Reserve Accounts.
on
Deals in Investment Securities and Foreign
Exchange.
Transacts a General Trust Business.
CORRESPONDENCE
Foreign
Cheques and
Bills of
Exchange
INVITED
CABLE TRANSFERS
Collections made in all Countries
Jones, Caesar, Diddnson,Witalot & Co.
Certified
Public
The Farmers’ Loan & Trust Co,
16-22 William street
Accountants, (III.)
NEW
475 Fliili Avenue
YORK
54 WILLIAM STBEET
.
LONDON
18 Bishopsgate St. Witbiu
CHICAGO
Tribune Bidg.
ST.
Stock
SEATTLE
307
LOUIS
SAN FRANCISCO
Monadnock Bldg.
Exchange Bldg.
MEXICO, D. F.
Epler Block
PITTSBURGH
People’s Bldg.
LONDON
Apartado, 1403
3
78 Rue de
Richlieu
MELBOURNE
[ENGLAND!
Fredericks Place, E. C.
[AUSTRALIA]
9 Queen Street
LATHROP, HASKINS & COMPANY
BANKERS AND BROKERS
municipal
RAILROAD
CORPORATION
Kf
i
Selected
for
Successors to
) 4%
.BONDS
6%
conservative
Lathrop Sc Smith
A. B. Leach & Co.,
investors.
have moved from 37 BB0AD STBELT to
Number One Wall Street
BANKERS,
Tele hones: 5193, 6193 «nd 5194 Rector
LI8T8 MAILED UPON APPLICATION.
149
Lawrence
Barnum &
Co.,
St., BOSTON
CHARTER NUMBER 8634
Pittsburg
421
I! t\
Broadway and 73rd St.
elites.
28 State
27 AND 29 PINE ST, NEW YOitK
Philadelphia,
Branch Office,
140 Dearborn St., CHICAGO
BANKERS,
Washington,
Broadway, NEW YORK
Chertnnt
PHILADELPHIA
St.,
Chicago & North Western Scrip
TREASURY
DEPARTMENT,
Office of Comptroller of the Currency.
Washington, D. C., April 6, 1907.
Whereas, by satisfactory evidence presented to
undersigned, It has been made to appear that
"THE BEAVER NATIONAL BANK OF NEW
YORK," In the City of New York in the County
of New York and State of New York, has compiled
with all the provisions of the Statutes or the
United States required to be complied with before
the
BOUGHT AND SOLD
HQDENPYL, WALBRIDGE & CO.,
SCHMIDT & GALLATIN
7 Wall
Members N. Y. Slock Exchange
St., New York.
an association shall be authorized to commence
the business of banking;
Now, therefore, I. William B. Rldgely, Comp¬
troller of the Currency, do hereby certify that
,
i i
*
Tel. No. 8260 Reotor
111 BROADWAY
.
Railroad, Street Ry.f Gas & Elec. Light
SECURITIES.
Knox,
Wallace
&
Co.,
Thomas L. Manson & Co.
Members N. Y. Stock Exchange
30 Broad
Street,
"THE BEAVER NATIONAL BANK OF NEW
YORK,” In the City of New York, In the County
of New York and State of New York, Is authorized
to commence the business of Banking as provided
In Section Fifty-one Hundred and Sixty-nine of
the Revised Statutes of the United States.
In testimony whereof witness my hand
(SEAL.)
and Seal of office this Sixth day of
April, 1907.
WM.
New York
Transact
General
Commission and
Investment Business in Securities
a
Members N.Y. and Boston Stock
Exchanges
71
5-
Broadway,
-
SAUNDERS & JONES
Private Wires
to
Boston. Hartford, New Haven
ana
Philadelphia
Connecticut Traction Bonds
[
36 WALL ST.,
-
-
R.
M. GRANT & CO.
31 NASSAU
MAX B. BORG & CO.
Miscellaneous Bonds
and
Curb
Street lty., Gas, Electric
York
City Bank, Trust
Fire Insurance Stocks
43 Exchange Place
-
NEW
855,
1098 and 1170, have been drawn for
purpose, and that Interest on said bonds
cease from and after the 1st day of May,
1907, and the bonds taken up at 105 per cent
and accrued Interest to said date.
such
shall
W. H. NEWMAN,
J. D. LAYNG,
HERVEY BATES.
Light & Power
Sinking Fund Commissioners.
DEFALCATIONS
In Trust
JAMES TALCOTT
Banker and Commission Merchant
Manufacturers’ and ofher Accounts
Solicited and Financed
ai
YORK
&
SECURITIES
40 BROAD ST.
PRIMROSE Sc BRAUN,
LOUIS
day made a drawing of bonds to be applied to
Sinking Fund Account of November 1, 1906, In
accordance with provisions of mortgage, and that
bonds bearing numbers as follows, viz., 105, 216.
Securities
NEW YORK.
8306 RECTOR.
INDIANAPOLIS ST.
CHICAGO RY. CO.
ST., NEW YORK
A SPECIALTY.
New
CINCINNATI
522,
NEW YORK
RIDGELY.
New York, Nov. 1, 1906.
The undersigned, Sinking- Fund Commissioners
ander the C. I. St. L. & C. consolidated 6 per
cent mortgage, hereby certify that we have this
NEW YORK
Tel. 2509 Rector
i y.
B.
Comptroller of the Currency.
STOCK BROKERS
SALES CASHED
Equitable Interest Allowed on Deposits
108-110 Franklin St., N£W YORK
and
Companies and Banks
other mistakes
corrected
can
be prevented
without
employ¬
ing public auditors. Address P. O. Box 261, N. Y.
J. 8t«wart
Campbell & Co.
25 Broad Street
Transact
-
NEW YORK
General Commission and
Investment Business in Curb Securities
a
Ape. 27
JftmmciaL
fliuttleurts.
TOPEKA &
SANTA FE
RAILWAY COMPANY.
New York, April 3, 1907.
ATCHISON
THE
XIII
CriRONICLE
1907.]
The Board of Directors has declared a dividend
(being dividend No. 13) on the COMMON STOCK
of this Company of THREE DOLLARS ($3 00)
per share, payable June 1, 1907, out of the surplus
net earnings, to holders of COMMON Stock as reg¬
istered at the close of the transfer books on May
10 1907.
The transfer books for the COAIMON
Stock will be closed at three o’clock p. m. on May
10 1907 and will be reopened at ten o clock a. m.
on June 3 1907.
Dividend cheques will be mailed to holders of
COMMON Stock who file suitable orders therefor
qt this office.
H. W. GARDINER. Assistant Treasurer,
5 Nassau Street, New York City.
The Kansas City Southern Railway Co.
25 Broad St.. New York, April 3 1907.
The Board of Directors this day declared a divi¬
dend of 4% on the Preferred Stock of the cora-
ANNOUNCEMENT
Colonial Trust Co.
The Trust Co. of America.
At the
opening of business to-day COLONIAL TRUST COMPANY
will be merged into THE TRUST COMPANY OF AMERICA.
The offices heretofore maintained by THE TRUST COMPANY
OF
AMERICA at No. 135 Broadway and No. 36 Wall Street, and by the
COLONIAL TRUST COMPANY at No. 222 Broadway, will be continued,
the latter as the COLONIAL BRANCH of THE TRUST COMPANY OF
AMERICA.
Until further notice all business of each office will continue to be con¬
Jany 30,
the payable
net earnings
for1,the1907,
yearto ending
from1907,
on July
stock¬ ducted, so far as both depositors and the public are concerned, in all
holders of record at 3 o’clock p. m. June 10 1907
The Stock Transfer books of the company wIU
respects as though no merger had taken place.
be closed at 3 o’clock p. m. June 10, 1907, and
wIU be reopened at 10 o’clock a. m. July 2, 1907.
New York, N. Y., April 26, 1907.
Checks for the dividend wIU be maUed to
une
stockholders.
R.
B.
SPERRY, Secretary.
THE COLORADO & SOUTHERN
RAILWAY SYSTEM.
Coupons due May 1st, 1907, from the Refunding
Extension Mortgage 4
% Gold Bonds of THE
&
Coupon Notice
COLORADO & SOUTHERN RAILWAY COM¬
PANY will be paid on and after that date upon
_
presentation to Central Trust Company of New
York, 54 Wall .Street, New York City.
JAS. STEUART MACKIE, Treasurer.
Buffalo &
Coupons due a*d payable at the o'fice of
On and After
Susquehanna Railway Co.
F.
of
MINNEAPOLIS & ST. LOUIS RR. CO.
Coupons due May 1, 1907, from Consolidated
Mortgage live per cent bonds of this company will
be paid on and after that date upon presentation
at the office of the Central Trust Company, New
Guaranty
DAVIS, Treasurer.
CHARTERED
AMERICAN GAS & ELECTRIC COMPANY.
DIVIDEND NO. 1.
New York, April
--5s
Trust/
22, 1907.
Trust
OF NEW YORK
1st 3Hs
&\
4s
j
—
Company
1864
$2,000,000
5,500,000
Capital
Surplus
RR. Co
Raleigh Electric Co.
5s
5s
Sacramento Electric. Gas & Ry. Co
Wilkes-Barre & Hazle- RR.Co.(due Mayl5)5s
—
York.
H.
Collateral
Ga.
Michigan Central
Mobile & Ohio RR. Co., St. Louis
Cairo Collateral Trust
Cumberland & Penna. RR. Co—---1st 5s
Lorain St. Ry. Co
1st 5s
THE
F.
RR. &
Central
LEHR, Treasurer.
A.
Con
Banking Co.l
Cen. of Ga. Ry. Co. 1st
this Company
^ay 1st, 1907:
--1st 5s
5s
American Steel Casting Co
First Mortgage 4 VS % Gold Bonds.
Coupon No. 8, due May 1, 1907, will be paid
at maturity at the office of
FISK & ROBINSON. 35 Cedar Street. N. Y.
\
28 Nassau
Street, New York
The regular quarterly dividend of ONE AND
ONE-HALF PER CENT (l.^%) on the Pre¬
ferred Stock of the American Gas & Electric
Company has been declared for the quarter end¬
ing May 1st, 1907. and an additional dividend at
the rate of SIX PER CENT (6%) per annum
period January 10th to Feb¬
ruary 1st. 1907, payable May 1. 1907, to stock¬
holders of record at the close of business April
25th, 1907. on which day tlie transfer books for
Preferred Stock will close and re-open May 2nd,
said stock for
on
Jliuitlcttds
a
1907.
FRANK B.
BALL, Treasurer.
CHICAGO UNION TRACTION CO.
LOUIS V. ENNIS, Cashier.
May 2d, 1907.
Office of
THE CONSOLIDATION COAL CO.
Baltimore, Md., April 18. 1907.
The Board of Directors have declared the regu¬
lar quarterly dividend of one and one-half per
cent on Its capital stock, payable April 30th, to
the stockholders of record at the close of business
April 23rd.
on
Dividend checks will be mailed.
The Transfer Books will be closed at 3 o’clock
p.
m.,
m..
a.
THE
April 23rd and re-opened at 10 o’clock
May 1st, 1907.
T. K. STUART, Treasurer.
NATIONAL
EXCHANGE
AMERICAN
BANK.
128 Broadway, New York, April 23d, 1907.
At a meeting of the Board of Directors of this
bank, held to-day
a semi-annual dividend of
FIVE (5 %) PER CENT on the capital stock was
,
declared,
payable May
1st, proximo, to stock¬
business April 23d,
holders of record at close of
1907.
EDWARD BURNS, Cashier.
GRAPHOPHONE COMPANY
AMERICAN
Consecutive Quarterly Preferred Dividend No. 48.
The regular quarterly dividend (No. 48) of
ONE AND THREE-QUARTERS PER CENT
on the preferred capital stock of the American
Graphophone Company will be paid May 15 1907
to
stockholders of record May 1.
By order of the Directors.
EDWARD D. EASTON, President.
*
THE
DIVIDEND
NO.
161.
00 per
dividend of $2
share, from
net earnings, has been declared payable May 15th,
1907, to Stockholders of Record at close of busi¬
ness April 30th. 1907.
Checks will be mailed.
Chicago. April 20th. 1907.
A. S. WEINSHEIMER, Secretary.
A quarterly
For
dividends
other
page
see
PACIFIC BANK.
470 Broadway, New York, April 23, 1907.
The Board of Directors have this day declared
a
quarterly dividend of
xiv.
j maintained and operated by the receivers of Chi¬
cago Union Traction Company, passed by the
| City Council
and after May 1 next.
be closed to May 1, 1907.
S. C. MERWIN, Cashier.
of the city of Chicago on February 11,
1907, are only available through a
2 Per Cent, payable on j
The transfer books will |
deposit of stock,
both preferred and common, of the Chicago Union
Traction Company as In said ordinance required
and to the
*
amount’therein specified.
A plan of
reorganization Is to be formulated, as provided by
said ordinance, and prompt action on the part of
THE NASSAU BANK.
the preferred and common stockholders of said
New York. April 24th, 1907.
108th Consecutive Dividend
company Is essential to secure proper
A semi-annual dividend of FOUR (4) PER
CENT was this day declared, out of the earnings tlon and consideration In the preparation
adoption of such plan.
of the last six months, payable, free of tax, on
and after May 1, 1907.
j
The undersigned, at the request
To stockholders of record April 30th, 1907.
i of a large proportion of both preferred and comEDWARD EARL, Cashier.
j
representaand
J
:
of the holders
I
mon
stock of Chicago Union Traction Company,
committee on behalf
desire to participate In
I such plan of reorganization and who shall make
j
A Prominent Stock Exchange House desires the deposit of stock hereinafter referred to.
ON AND AFTER APRIL 22. 1907. certificates
the services of a bond salesman.
Absolutely
necessary
to have an important investment of stock of Chicago Union Traction Company, prefollowing.
Full information must be given in
the application, which will be treated in strictest j ferred and common, duly endorsed In blank for
confidence.
Highest references required.
Ad¬ transfer, will be received by Central Trust Comdress BANKER, care of Commercial & Financial
II pany of New York, No. 54 Wall Street, Borough
Chronicle. P. O. Box 958, N. Y.
of Manhattan, New York, as depository under an
i agreement, copies of which will then be ready for
fUtautied.
WANTED.
Manager for last six years of an Important
Stock Exchange house desires new connection.
PULLMAN COMPANY.
Stock
Call for Deposit of
FOURTEENTH STREET BANK.
New York, April 23, 1907.
The benefits of the new ordinance relating to
The Board of Directors has this day declared
the usual quarterly dividend of Two and One-half ! the system of street railways in the north, west
Per Cent, free of tax, payable on May 1st, 1907.
and south divisions of the city of Chicago, now
Transfer books will be closed from April 27th to
1
have consented to act as a
!
of those stockholders who
J delivery at the office of said Trust Company.
'
organization aud man¬ |
handling clerks and clients.
P. O.
Expert and practical In
agement,
Box 261, N. Y.
by said deposlfor stock certificates deposited,
application to list the certificates so to be
Suitable certificates will be Issued
tary In exchange
and
j Issued by the depositary will be made to the
WANTED—Experienced
and
capable
Man for uptown office.
Apply only
J. S. BACHE & CO.. 42 Broadway,
Bond
by letter.
N. Y.
|
New
York Stock Exchange.
The time within which deposits will be received
will expire on May 15, 1907.
Dated April 16th, 1907.
J. N. WALLACE.
Beaver National
lleavpi
go Xcasc
Bank,
n*nl P nrl Htrrtts
Vork City
TO
*ew
GEORGE
M.
COFFIN, President
S. H. VANDERGRIFT
T. P. WELSH
Vice-Presidents
J. V.
LOUGHLIN, Asst. Cashier
Accounts of Merchants, Individuals
and Banks Solicited
The
large and
LEASE
commodious offices on the
First Floor of 66 Wall Street
extending through to Pine Street, with vault am
basement on Pine Street, now occupied by tb«
London Assurance Corporation, who are soon t
remove to William Street, corner Malden Lane.
Apply to WM. O. PLATT, 56 Wall St.. R. 40
Chairman:
CASTLES.
ROBERT M QALLAWAY.
H. B. HOLLINS.
JAMES JOURDAN.
ALFRED SKITT.
JOHN W
Committee.
JOLINE. LARKIN & RATHBONE, Counsel.
FRED C. RANDALL.
Secretary, 54 Wall St.
New YorkClty
XIV
THE CHRONICLE
[VOL.
LXXX3Y
fTitumcial.
We
have
purchased and offer the unsold portion of
$1,291,000
MOBILE & OHIO RAILWAY CO
5% EQUIPMENT
N03&ES
Guranteed by American Car Si Foundry Company
Dated October 1, 1907.
Maturing serially until October 1, 1914.
Denomination, $1,000.
Coupon Notes.
Interest payable semi-annually April 1 and October 1.
Principal and interest payable at option of holder at the Mississippi Valley Trust
Co., St. Louis, or the Guaranty Trust Co.,.
New York City.
MISSISSIPPI VALLEY TRUST CO., Trustee.
Subject to prior sale
or
Amount.
change in price,
we
offer the following maturities:
Yielding
$94,000 due April
1, 1908,T 99.64 and accrued interest.
October 1, 1908, 99.28
94,000
94,000
April
1, 1909, 98.94
October 1, 1909, 98.60
94,000
93,000
April
1, 1910, 98.28
October 1, 1910, 97.96
93,000
92,000
April
1, 1911, 97.65
October 1, 1911, 97.35
92,000
92,000
April
1, 1912, 97.06
October 1, 1912, 96.78
91,000
91,000
April
1, 1913, 96.51
October 1, 1913/96.24
91,000
90,000
April
1, 1914/95.98
October 1, 1914,- 95.73
90,000
a
tt
a
tt
it
ft
it
tt
ii
a
a
a
ii
it
a
u
a
tt
a
It
a
tt
a
a
a
a
c
a
u
a
tt
n
u
tc
i
ft
ft
a
it
It
a
a
u
a
tt
tt
tt
it
it
ii
a
It
a
_____
5%%
5H%
5H%
5M%
5M%
h%%
5M%
5%%
5M%
5M%
5M%
5H%
-
The above issue of Notes will be ready for
delivery on or about October 1st next, and, pending delivery of the Definitive
Notes, Temporary Certificates of the Mississippi Valley Trust Co. will be
issued, exchangeable for notes on and after
October 1, 1907.
Payment may be anticipated under discount.
We recommend the above Notes
as a
safe and conservativel'investment.
MISSISSIPPI VALLEY TRUST COMPANY,
FRANCIS BROTHERS & CO.,
ST. LOUIS
ST. LOUIS
gittideuds.
Winslow,Lanier & Go., 59 Cedar St.
NEW
New York,
Messrs.
Beg to
THE FOLLOWING COUPONS AND DIVI¬
DENDS ARE PAYABLE AT OUR BANKING
HOUSE ON AND AFTER
April 27, 1907.
MAY 1ST. 1907.
American Cotton Oil Company, Debenture 4
Cleveland & Pittsburgh RR. Co. General Mort¬
gage 3J^s.
Cambridge City, Ind., Water Works and Stree
Improvement Bonds.
Connersvllle, Ind., School 6s.
Greenfield, Ind., School 6s.
Massillon & Cleveland RR. Co.. Dividend 2%
quarterly.
Marlon. Ind., School 6s.
Niagara Falls Power Co., Canadian Collateral De¬
benture 6%, Series “B.”
Niagara Falls Power Co., Canadian Collateral Deb.
6%, Series “C.”
Pittsburgh Ft. Wayne & Chicago Railway Co.,
1st Mtge. 7s, Series *‘E.”
Pittsburgh Ft. Wayne & Chicago Railway Oo.l
2d Mtge. 7s. Series “L.”
Portsmouth, Ohio, Water Works 4s.
Rushville, Ind., Water Works 6s.
Starke County, Ind., Court House 5s.
George Leask & Co.
announce
YORK CITY
that they
,
will
at
on
move
to their
new
offices
37 Wall Street, sixth floor,
May 1st.
MAY 12TH.
Portsmouth, Ohio, City Building 5s.
MAY 16TH.
County, Ind., Funding 5s.
Posey County, Indiana, Gravel Road.
Starke County, Indiana, Gravel Road.
Owen County, Indiana, Gravel Road.
Dearborn
bearing Si <&o.,
7 Wall
Street
NEW YORK
BANKERS
Investment Securities
O'CONNOR & KAHLER
BANKERS
49 Wall
BATTERY PARK NATIONAL BANK
14 STATE ST.
(Opp. New Custom House.)
Bonds legal for Savings Bank and
Trust Funds
N. Y.,
4.35%
Due May 1. 1912-14-16-18 and '20, inc.
$10,000 Mam., W st. Co
other
dividends
.
N. Y„ 4
Cuban
see
page
xiii
West. Co., N. Y..
Due May 1. 1912
FRANCKE THOMPSON & ROBB
Members N. Y. Stock
35%
43
PRICE ON APPLICATI jN
Exchange
Exchange Place
Te ephone 1849 Broad
4.4«%
to May 1. 1923, ioc.
Securities
A SPECIALTY
Due May 1 1913-15-17-19 and 21. inc.
Shipping and Export Accounts Invited. $11,000 Tack..
B, A. De LIMA,
President
CALVIN TOMKINS.V. Pres. EDWIN BDAT, Otofcto
For
Street, Manhattan
$10,000 Nam.. West. Co..
THE
MAY 21ST.
Marlon County, Ind., Refunding
BRANCH OFFICE
Bristol
Building* 5th Ave. and 4£d St.
Telephone 1558 Bryant
APE. 27
IV
THE CHRONICLE-
1907J
financial
$3,350,000
Missouri Pacific
Railway Company
EQUIPMENT TRUST 5 PER CENT GOLD BONDS
Dated
May 1 1907.
Maturing annually $335,000 May 1, 1908, to May 1, 1917, inclusive.
Interest
payable May and November 1 at the office of the
KNICKERBOCKER
TRUST
CO.,
New
York,
Trustee
Denominations of $1,000 each.
Coupon bonds registered as to principal only,or bonds registered principal and interest, and interchangeable.
The total par value of the bonds is ninety per cent of the cash cost of the equipment.
Title to the equipment will vest in The Knickerbocker Trust Co., Trustee, until all bonds are paid.
These bonds are a direct obligation of the Missouri Pacific Railway Co.
$693,000
Missouri
Pacific
Equipment Association
5 PER CENT GOLD CERTIFICATES
Guaranteed
principal and interest by endorsement of the Missouri Pacific Railway Company.
Dated December 1, 1906.
Maturing annually December 1, 1908, to December 1, 1916, inclusive.
Interest payable quarterly on the 1st days of March, June, September and December.
Registered Certificates in denominations of $1,000 or over.
The total par value of the certificates is ninety per cent of the cash cost of the Equipment.
Title to the Equipment will vest in the Mercantile Trust Co., Trustee, until all certificates are paid.
MERCANTILE TRUST CO.. New York, 1 rustee
We offer the unsold
maturities, amounting to about $500,000, subject to prior sale, to net 5J^%.
TAILFP & Cf>
27 Pine
Street, New York
$2,500,000
NEW ORLEANS TERMINAL GO. TWO-YEAR 6% NOTES
Guaranteed
principal and interest, jointly and severally, by
Southern Railway and St. Louis &
Trust
San Francisco Railroad
Company of America, Trustee
Due April 10, 1909.
This issue of $2,500,000 OF NOTES is secured by $4,000,000 NEW ORLEANS TERMINAL CO. FIRST MORTGAGE
4% GOLD BONDS, guaranteed principal and interest by the Southern Railway and St. Louis & San Francisco Railroad,
Dated
April 10, 1907.
SHOWING AN EQUITY OF 44%.
The terminal property in the City of New Orleans consists of 49 consecutive blocks in the heart of the City, on which
site a substantial passenger terminal is to be erected.
The Company also owns about 5,500 acres of land on the east bank of
the Mississippi River with a river frontage of about two and one-half miles.
Upon this land are the Port Chalmette Termi¬
nals, with large wharfage and storage facilities, including a grain elevator with a capacity for handling 500,000 bushels of
grain, besides other valuable improvements and leases. The Company owns about 63 miles of track connecting with seven
roads entering New Orleans.
These Notes have been issued for building a handsome passenger station and new terminal and docking facilities along
the river, which, together with other improvements, will complete the property.
The deed of trust and form of guaranty have been passed upon by our attorneys, Messrs. Cravath, Henderson &
which collateral at the PRESENT MARKET VALUE AMOUNTS TO $3,600,000,
,
de Gersdorff.
Having sold
over
three-quarters of the above issue of Notes, we offer the balance
AT 100 AND INTEREST.
Special circular, with letter from President of the Company, fully describing the property, may be
obtained upon application.
POTTER, CHOATE & PRENTICE
BANKERS
Hanover Bank Buildincr
New York
XVI
fHE CHRONICLE.
[Vol.
Financial
E.R
Chartered 1822
THE
FARMERS’ LOAN & TRUST
COMPANY
Nos, 16, 18, 20 & 22 William Street
BRANCH
LONDON
18
OFFICE,
475
FIFTH
AVENUE,
NEW YORK.
PARIS
Bishopsgate St., Within
The
Company is
a
is authorized to act
78 Rue de Richelieu
legal depositary for
moneys
paid into Court, and
Executor, Administrator, Trustee, Guardian,
Receiver, and in all other fiduciary capacities.
Acts as Trustee under Mortgages made
by Railroad and other Cor¬
porations, and as Transfer Agent and Registrar of Stocks and Bonds.
Receives deposits upon Certificates of
Deposit, or subject to check,and
allows interest
on
as
daily balances.
Manages Real Estate and lends
Will act
if
i
It
as
Agent in the transaction of
any
Depositary for Legal Reserves of State
the
City of New York.
Fiscal
bond and mortgage.
approved financial business.
money on
Banks and also for moneys of
Agent for States, Counties and Cities.
Letters of Credit, payable
throughout the world.
Foreign Exchange, Cable Transfers.
I,
EDWIN S.
MARSTON, President.
THOS. J. BARNETT, 2d Vice-Pres.
SAMUEL SLOAN JR.,
AUGUSTUS V. HEELY, Asst. Secy.
WILLIAM B.
Secretary.
CARDOZO, Asst. Secy.
CORNELIUS It. AGNEW, Asst.Secy.
Board of Directors.
.
t
SAMUEL SLOAN,
WM. W. ASTOR.
D. O.
MILLS,
FRANKLIN D. LOCKE,
JAMES F. HORAN,
GEORGE F. BAKER,
A. G.
t
H. D.
fl
h i
AGNEW,
PEABODY,
AUCHINCLOSS,
CHAS. A.
JAMES
STILLMAN,
TAYLOR,
HENRY A. C.
D. H. KING
Jr.,
HOLDEN,
WILLIAM ROWLAND,
EDWARD R. BACON,
HENRY H.
ARCH. D.
EDWIN S.
ROGERS,
RUSSELL,
MARSTON,
MOSES TAYLOR PYNE,
STEPHEN S. PALMER,
CLEVELAND LI.DODGE,
FREDERICK GELLER,
JOHN L.
RIKER,
ROBERT C. BOYD,
HENRY HENTZ,
H.V. R.
KENNEDY,
P. A. VALENTINE.
lxxxiy.
/rfFi,tanri.a*
ommerria
®*frUltnmicb
I
vTCLUDING
INCLUDING
V
^
Bank and Quotation Section (Monthly)
State and City Section (semi Annual/'
Railway and Industrial Section (Quarterly)
Street Railway Section (TUYeaSy1**]'
NO. 2183.
SATURDAY, APRIL 27 1907.
VOL. 84.
Week
ending April 20.
Chr cuticle.
Inc. or i
Dec.
I
PUBLISHED WEEKLY.
Terms of
Providence
Hartford
$10 00
For Qno Year
For Six Months
New Haven
0 00
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)..;
8ix Months Subscription in London (including postage)
IS
7
£2
£1
2,548.698
2,037.600
-
Portland
Worcester
Fall River
New Bedford
1.476.798!
1.635.72K|
|
1.008,567,
725.520
432.392 i
i
Holyoke
Subscription includes following Supplements—
8,209.600
3,802,607
;
Springfield.
00
50
14s,
11s.
$
156.333.821
I
1
I
Boston
Subscription—Payable in Advance
j
... -
Lowell
486.304
■
S
142.201 .664
6.792 .300
2,809 ,6001
—3.1
+ 0.9
—2.4
+ 2.8
161.263,938
8.133,400
3,894,511
2.478.170
1,812.569
1.753,521
1.491.641
980.035
578.204
1.934
412.442;
.611;
+ 12.4
15.8
+ 9.7
+ 2.9
+ 25.5
+ 4.8;
+ 23.7
1.877 .163
1.594 ,688
1.617 ,017|
705 ,110
579 .792!
44b .019;
457 .277,
—2.5!
161,018,241!
—
399.477
1904.
1905.
S
116,271,861
6.892,100
2,722,119
1,800.379
1.562,055
1.334,169
1,177,012
666.375
404,403
493,758
422,468
'
_
Bank and Quotation (monthly)
Railway and Industrial (quarterly)
Terms of
I
|
State and City (semi-annually)
Street Railway (3 tunes yearly)
i
i
•
lines)
(S times)
$4 20
22 00
Months (13 times)
r-trdsThree
lSix Months
(20
29 00
inch
space (14 agate
r Two Months
Transient matter per
Standing
Standing Riisiness
.Business Lams •<
k. Twelve
i
■
1
j
B. DANA
Post Office Box 958.
Peoria
..
Ill._j
Lexington
of Pearl Street,
NEW YORK.
,
1
Akron
Fort Wayne
I
Youngstown
!
!
i
by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$2,685,951,705, against 82,862,770,075 last week and
$2,954,202,181 the corresponding week last year.
up
-Returns bg Telegraph.
Week ending April 27.
Boston
-
Philadelphia
...
.
Baltimore
.
.
...
.
Chicago
.
St. Louis
.
...
......
New Orleans
Seven
cities, 5 days
.
Other cities, 5 days
Total all cities, 5
All cities, 1 day
days...
...
1907.
1900.
SI ,319,191,962
136,378,640
116,955,827
21,670,20s
197,697.207
50.123,550
13,053,424
SI.594,017.307
SI .855,070,878
393,018.406
?2,105,239,669
318,946.298
S2,248,089,284
437,862.481
$2,424,185,967
530.076,214
S2.685.951.765
Total all cities for week
710.515
|
426,362
472.9X0
484.037
129,537.054
128,639,168
22,650,485
170.928,860
45,399.806
14,060,983
$2.954,262, IS 1
—
South Bend
Springfield. O
.
San
Los Angeles
Seattle
Salt Lake City
j
I
!
;
Portland
j Tacoma
17.3
.'!
Spokane
Helena
.
...
+ 5.1 i Fargo
....
'
—9.1
Sioux Falls
■
—4.4
Oakland
+ 15.7 ! San Jose
+ 10.4 i
Total Pacific..
...
,
|_
—7.2
:
11.9
+ 23.2
1
—
|
I
Kansas City
Minneapolis
’
.
1
Omaha
St. Paul
i Denver.
-7.3 ! St. Joseph
—17.4 ! Des Moines
Sioux eitv
Wichita “.
—9.1
! Davenport
,
1
by the above will be
1900 the total for the whole countrv shows a
Outside of New York the increase over
9.K%
the week of
Clearings at
Tot. oth.West.
Louis
New Orleans.
Louisville
Houston
.1
St.
..
.
j
i
j
i
Galveston
Richmond
Memphis
Nashville
...
,
Inc.
1007.
or
Dec.
1906.
1904.
1905.
t
S
New
York
.
..
.
Pittsburgh
.
Washington
Albany.
...
Rochester
Scranton
Syracuse
Reading
Wilmington
Wilkes-Barre
Wheeling
Erie
Binghamton
Chester
Greensburg
Franklin
Harrisburg
S
!
...
...
Charleston
Jacksonville
Macon
Columbus. Ga
Waco
Beaumont
—16.8 2,101.295.644 1.302.650.498
Calgary
I
5 123,769
939.793
490.014
472.950
3,036 201
500 000
95 321.1961
31,190.530
20.057.012
10,812,769
470.062
j
0,545.307
5,297.3841
1,094.539
909.752
612.258
469,522i
504.835!
!
1
.
_
Edmonton
Total Canada.
1.086.1321
57.306.244
19.815.874
13.006.777
8 740.195
4.970.000
1 .912.606
1.0X0, SO.x
615.761
300,000
5.062.867
4.978.538
5.719,295
4.283.886
8.646.202
2.301.706
2.235.759
2,016,160
1,634.125
1,628 379
1.438.397
1.428,950
1.362.895
1.178.391
1.500.000
3X0.000
469.882
337.072
1.150.000
334.484
400.000
54.713.209
146.948.578
1,500.000
400.000
1,503.681!
11.7
+ 34.7
+ 14.6
+ 18.9
+ 22.6
+ 28.5
600,2191
747.176!
758,250!
—
601.000'
696,447!
468,9191
488,503
686.2481
328,4051
400.719!
352,111!
—9.8
+ 12.9
+ 13.0
+ 32.3
+ 35.2
472,194
325.9381
341.880!
208.006;
+ 26.0
—0.8
+ 6.S
+ 12.7
220.012!
103.97.x!
282.328.049j
35,11 x,050.
9,928,456!
5.300,734!
3.384.059,
3.719,8911
2.867.7S0j
2,753.0401
502.111
468.069
313.0301
64,421.256
81.761.677
1.517.368
1,405.193!
+ 1.2
1.9
+ 0.5
—
23,313,290
13,204,616
6,875.437
6.392,937
61.598,424
17.306,129
12,995,047
11.208.015
6.290,500
0.405.841
4.840.572
1.271.166
1.258,002
+ 0.9
—2.8
+ 1.3
+ 67.6
97.436.900
1.323.115
3,947.606
2.597.547
1,969,930;
+ 26.5
+ IL4
2,079,384
1,877.456
1,143.300!
4.004,044
7,795 212’
5.184.901
4.479.6001
56.885,722
3.136.393
629.68X
707,239
617.X93
15,905.1471
11,307,609!
24.658.878:
18.004,437,
8.993,347
7.697.081!
2,304.060!
24.539.8501
+15.8 !
—0.05
+ 20.6
+ 18.1
+ 10.3!
+ 20.9
+ 12.1
304.666.511
17.045 871 + 181.5
+ 11.6
11.901.592
—8.4
10,040,392
+
21.1
4.808,458i
3.893,395 + 91.1
3,928.110 + 16.4
3,633.239 + 41.0
+ 2.6
915,579
406,527; + 20.5
322.559! + 46.6
Not included ! in total!
Not included ) in total
8.901.531
7,778.1 17
6.000 000
j
;
.
,4991
4,573.512
j
i
Savannah ...Norfolk
Fort Worth
:
IX X 1 ,940,652..011 1 103.616.646
.725 859 005 2,126,247.2711
—4
113,269.926 I
12s 551 033
151.207 927
15S.4S5.50I
j
—0
43.12S ,600
41.257.9S4 : Wilmington.A.C. j
53.231 550
53.010,9561
19.S50.541
+ !
21 .047 ,508:
27.345 120
27.033.045
Total Snuthemj
6.329 ,221
0,0.31 050
+ 25
5,704.638
7-191.02S
Total all
2.
4 .090,950
5.930 M>4
+ S.
5.093 ISO i
5,471.394
Outside N. Y.. Jl,
3.40S .907 ;
3.621 077
7.001, 101
5.293 5.39
+ 43,
2.S29 507
4.093 702
3.172, 02s
3.755,229 —15
Canada —
__9
1 .602 101
1.699.199 Montreal
2.145 300
2.193.401
l.llX.fOl
1.824 105
1.377 449
1.583.930; + 1A
1.007.425 j 'Toronto
1.305, 345
—3
1.029 1351
1.451.191
i
o
Winnipeg
1.284 532;
1,097,087
1,315.402!
1.0X6, 350
Ottawa
899, 000
856.425
1.250, 3S4J
1,021,76X1 +23:
Vancouver
X01 100
1.139 SI 7|
603,844
+ 6,
1,074.353
478 530 ; Halifax
498 107:
711 '252
657,371
+ X.
! Hamilton.
—0
444.200
534 900
012, 600!
627,700
384 50s
516.292 Quebec
529 735!
+ 9,
484,252
London
454 392
355 ,791
4S0. 000'
+ 21,
401.767
St. John
210
225,044
247 929
368,4661 —32
Victoria
in
tot;
1.400 000 Not included i
Total Middle.. 1.995.103.303 2.397.907.690
—
S
'
—
Philadelphia
Baltimore
Buffalo...
I
1
47 976,521
13.280,565
9.201,151
5.X21.816
7.441,105
4,975.726
2.094.395
2.694,395
3.215.091
2.281,052
1.488,060
Atlanta
Mobile
Little Rock..
-
679,200
653.795
579,131
557,987
553.129
188,065
Chattanooga.
pril 20.
735,227
312,150
111.869
541.498.432
+ 12.1
+14.8
774.OSS
333 333
1 ‘>r. ik,
1.2x8.511
Lincoln
Augusta
Week ending A
6,458.907
5.130,900
3,706,234
2,624,040
2,501 ,688
2.129,330
1.863.596
976,276
291.630
328.903
212.152
.
Birmingham
Knoxville
*.N%.
13.628,938
8,589,308
450.444
1.199.7001
Pueblo
Fremont
25.170.650 1
15,506,424 !
391.152
414.431
210.832
1.091.108!
.
1 S3.197,9081
419.072
428.762
340.527
1.443.1341
Colorado Springs
Cedar Rapids
i
i
1900 is
.!
.
Mid.West.i
Francisco ..1
•
of
j
Ill.
Tot.
given next Saturday. We cannot furnish them to-day, iI
clearings being made up by the clearing houses at noon on J
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the n't urns for the period ending with Satur¬
day noon, April 20, and the results for the corresponding
week in 1900, 1905 and 1904 are also given.
Contrasted with
loss
'
!
Jackson
Ann Arbor
j Topeka
The full details for the-week covered
I
...
Jacksonville.
1
New Y'ork
:
I Mansfield
I
957,570
777,844
649.393
915,000
748.970
OKS .502
684,332
Bloomington
] Decatur
Per
Cent.
1.886,4281
Canton
Quincy
Clearings
2,646,719
2.431,994
2,156,952
....
Springfield,
CLEARING HOUSE RETURNS.
following table, made
I
i
1
! Rockford
The
4.4X1,755
Milwaukee
Indianapolis
Grand Rapids... I
I Dayton
!
i
Evansville
Kalamazoo
__j
COMPANY. Publishers,
Pine Street, Corner
.
!
i
,
WILLIAM
!
Detroit
Toledo
178,697.635,
28.905,100
17.961 72 x
13,622,587
10.362.029
7,625,258
5,601.400
'
i
BarUett, 513 Monadnock Block; Tel. Harrison4012.
OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
CHICAGO OFFICE—P.
LONDON
I
Cleveland
! Columbus
50 00
87 00
times)
Months (52 times)
_j
| Chicago
| Cincinnati
Advertising—Per Inch Space
|
Total New Eng.
'02.770,675 3.173,428.086
+ 20.2
+ 15.6
+ 18.8
+ 13.3
+ 17.1
+ 25.9
+ 26.2
+ 9.6
+ 19.9
+ 2..X
+ 50.6
+ 22.4
+ 16.2
6.503.X 13
4,092.053
2,0X6.787
1,819,094
1,123.498
969.0X7
1.130.101
723.719
566.751
453.104
156.687
+18.6
-
-
..
.
133.747.059
175.589.429
22.250,500
12,680,998
9.414.931
6.836.038
5,810,218
4,014,400
8.063,021
2,417,465
1,713,212
1.442.919
1.343,956
664,000
608,422
791,339
630,000
557.552
519,665
655,013
338,536
385.262
364.955
239.315
190.725
175.005
186,851
79.968
252.963.494
27.867.641
6,832,486
3.498,335
2,324,104
3.659.891
2.000,539
2.199,549
619.200
398,581
222,963
49.622,599
19,240.453
10,991,817
7,578,304
5.980,797
4.743.563
5,004,256
2.107.835
1 .169.143
1,114,223
964,7X8
973.255
431,093
398.399
172,05 i '
.
+ 19.2
70,610.980
60.929,977
+ 7.5
12.7
0.09
+ 28.2
+ 26.6
+ 27.7
—2.8
60.694,397
126 757
1.689.663
865,405
48.801,212
16,962,526
11,036,910
4.918.295
2,821,000
4,013.000
4.681.795
2.556.840
2,570,642
2,556,728
1.833.148
1 .304.283
1.173 924
1.225 971
999.768
730,703
1,021.371
1.416,877
1,091,213
524.696
281.840
977.354
1.018.276
892,496
1,164,000
213,840
350.000
‘325,000
129,656.262
112,807,711
13.931.267
—
1 1.837,502
—
5,118,817
4,64.8,000
5.444.734
4.3.88.719
2,645.735
—.80.0
3,769.989
3.439.942
1.801.038
2.273.879
J ,346.419
+ 16.2
12.5
+ 16.9
+ 4.8.8
+ J3.1
—9.0
18.X
+ 5.5
+ 3.8.8
—6.7
+ 6.8
+ 12.1
+ 31.0
1 1.0
+ 30.4
+ 19.6
—
1
—
—
—5.0
+ 5-3
—9.8 2,869.330.432 1,912,691,338
80.911.010 1,045.180,815
+ S.8
92S.67S.421
809,074,092
20.025,346
21.180.742
7,243.302
,2.155.851
1.820,675
1.260,000
1.407,481
1 .255.752
1.067.107
+ 35.4
24.280.327
16.252.103
5.349.840
2.167.279
17,978,362
13,440,726
4,518.125
27.931 .862
23.154.7S2
10.158,6X9
3.003.278
8.473.467
1.541.640
1.742.531
1,857.141
1.472,100
+ 9.6
+ 40.2
+ 42.1
+ 90.8
+ 22.4
+ 23.8
+ 47.9
+ 37.9
874.138
+ 32.2
1.150.032
350.777 + 184.4
997.494
1.297.877 Not included in total
1 .000.000 Not included in total
76.549.019
59.191.171
+ 29.3
1,669.9.80
1.565.207
1.097.041
1..501.071
^
SI 4.395
933.605
594,292
56.225.090
1,857,769
1,287.025
1.513,825
1,091.070
1,261,678
869,387
974,756
678,065
45.471.388
960
THE CHRONICLE,
[Vol.
lxxxiv.
and set both circles
astir, being startled and disturbed.
The President disclosed his
purpose in an illustrative
way. He brought with him a bundle containing the
“RAILWAY AND INDUSTRIAL’’ SECTION.
A new number of our
“Railway and .Industrial”
Section, revised to date, is sent to our subscribers to¬
names of all officials in New York in the
gift of the
day. The editorial discussions in the same embrace
Government,
and
through an object lesson explained
the following topics:
“Improvements in Railroad to Mr.
Hughes
what
this gift meant. The lesson was
Superstructure” and “Railroad Conditions in the
made obvious by the removal of one officer the Presi¬
South.”
dent thought was in the way of the Governor’s desires
THE FINANCIAL SITUATION.
and the
appointment in his place of another who
Crops and the President’s political campaigns have the President believed would be serviceable to Mr.
gotten to be the engrossing topics discussed the past Hughes’s plans; it is reported he then told Governor
week by the daily press, if not the
controlling influ¬ Hughes, in substance—all the offices in New York
ences
on
the markets.
As
we
said in
our
State the General Government has to
last
issue,
being in good part phenomenally back¬
ward, weather conditions are in favorable shape to
give a quasi basis for a real setback to the develop¬
ment of agricultural products and to float even
base¬
less rumors of crop deterioration.
Cotton, where the
plant has been forward, as was 'the case jn many
districts, has suffered from the recent cold; in some
instances it has been killed,
requiring replanting.
The weekly Government weather bulletin issued at
Washington April 23 stated that the current week
was the third of
abnormally cold weather, especially
in the districts east of the
Mississippi River. It is like¬
wise reported to be true that east of the
Rocky Moun¬
tains the last seven days have shown a mean tem¬
perature considerably below ordinary. In the plateau
regions, and in all districts to the eastward, with the
exception of Florida, the temperature has been
notably low, with the most marked deficiencies
occurring in the central valley, and freezing weather
has extended as far South as Northwestern
Texas,
central Mississippi and the western
part of North
Carolina, with heavy frosts as far South as Arkansas
the
season
your
give I put at
disposal.
It is also
reported that
similar gift with regard to
subsequently made to Mr. Taft; only in
that case the gift was in a different
form; instead of
consulting the United States Senators from that
State, the appointments hereafter would be left to
Ohio
a
was
Mr. Taft’s approval.
Consulting United States Sena¬
tors from the State concerned has in the
past been
approved only because that body
was a
co-ordinate
branch of the Government and has been
given the
power to confirm the more important appointments.
Taking the consulting and approving power from
Senator Foraker and putting it where it can be made
of service in carrying an election is not
likely to re¬
ceive
Mr.
Taft’s
approval or harm Mr. Foraker’s
prospects in Ohio. We are of the opinion that both
of these putative candidates will be embarrassed
by
this gift.
It is too unfavorably suggestive; leaving a
chance for
troublesome opponent to make capital out
of the situation. Some
might even ask, Which is the
more
reprehensible—buying votes and political influ¬
a
by paying in offices or by paying in gold. Does not
too, the fact, and in truth the whole machinery, by
which an acting President might seek to name his
points, by lack own successor, partake a trifle too much of a reaching
of moisture.
The damage hitherto due to these after
kingly power to be popular in this country?
causes may
not be very serious,, though at the
moment it promises to cut the winter-wheat
Discount conditions at the principal
crop
European cen¬
somewhat short of last year’s. This can be made
good tres, with the exception of Paris, showed marked
by the planting of the spring variety of wheat,should improvement this w*eek/ as was indicated
by the re¬
future weather conditions be favorable.
duction in the Bank of Germany’s rate
by
of 1% to
53^%; in the Bank of the Netherlands to 5% and in
If current reports can be
depended upon, the dis¬ the Bank of England to 4%. There were good rea¬
closures with respect to Presidential
politics are highly sons for the maintenance of the French Bank rate at
sensational.
Although Mr. Roosevelt’s intention, as 3}/2% and for the firm tone in the unofficial
quotation.
heretofore announced, seems still not to be a Presiden¬
Paris bankers are now
withdrawing from London the
tial candidate himself a
year
hence, diis purpose gold which they advanced to the British market
early
appears not to allow
ence
and Tennessee.
Winter wheat is also said to have
suffered from the
low-temperature conditions; also
from insect destroyers, and, at
any one else to be a candidate in the year, in order to relieve the
tension which then
except a lineal descendant of his opinions and policies. prevailed
at that centre, and the maintenance of the
Those are not the words by which the claim is
put forth, Sy2% rate of discount seems to be desirable to facili¬
but the statements made seem to
represent that con¬ tate such withdrawals. When
they shall be com¬
clusion. Take New York and Governor
Hughes as illus¬ pleted, as seems likely soon will be the case, it
appears
tration. The Governor has been
struggling all through probable that the Bank of France official rate will be
the legislative session in a
dignified, proper way to get reduced. The fact that London bankers view the re¬
certain things done and Acts
passed that outlined a pol¬ call of French capital without concern is indicated
by
icy which he believed was desirable for the State. His the low
open market rate of 3@3j^%.
This seemed
plans did not develop as smoothly as he wished, but
met impediments in the
shape of sensational opinions
to
foreshadow, early in the week,
Bank
a
reduction in the
minimum, which occurred on Thursday, when
opposed to the Governor’s. That was a proper pro¬ 4% was recorded. Another
manifestation of the ex¬
ceeding for grinding out in a constitutional way the istence of
entirely normal conditions in the London
problems between these contestants and bid fair to discount market was the low
contangoes at the end of
produce wholesome results. All at once, and with the April
settlement,these rates being the lowest in many
the suddenness and force of a tidal
wave, President
months, reflecting an easy speculative situation. It
Roosevelt whooped down on this
peaceful situation appears probable that nowT the German loan of 100
APR. 27
million
THE CHRONICLE.
1907.]
Sufficient data bearing upon the current production
placed, the Imperial
Bank will again reduce its rate; and, indeed, condi¬ of gold in the world has been made public to warrant
tions hold out the promise that then normal discounts the conclusion that the output of the mines in 1907
will rule at all the European centres. That seems is quite fully meeting, if not exceeding, expectations.
likely for the reason that the Bank of England will be It is not possible, of course, to obtain monthly or quar¬
able soon largely to increase its gold reserve through terly returns from all the important producing coun¬
the purchase of the metal which is now in transit tries, but such results as are at hand reveal the same
from South Africa, amounting to about $10,000,000. tendencies as were the features of 1906 and 1905.
With this fortification of its reserve, the Bank will be For example, the Witwatersrand district of Africa re¬
in a position to meet all requirements, even though they ports for the quarter ending March 31 1907 an output
should be large, as the result of its international promi¬ of 1,516,037 fine ounces, against 1,225,252 fine ounces
and 1,093,841 fine ounces respectively in the corre¬
nence, and dominate the European situation.
sponding periods of 1906 and 1905. And the re¬
The measures of relief to the New York market, mainder of Africa—Transvaal outside the Rand,
through the timely intervention by Secretary Cortel- Rhodesia, West Africa, &c.—has furnished approxi¬
you, have largely, as has been heretofore noted, in¬ mately 250,000 fine ounces in 1907, against 225,000
directly contributed to the restoration of normal mone¬ fine ounces a year ago and 165,000 fine ounces in 1905.
tary and discount conditions abroad. The direct re¬ Hence, the output for the whole country for the first
sults thus far are shown in the purchase of $23,467,- quarter of the current year has been 1,766,000 fine
750 4s of 1907, the refunding into 2% consols of $39,- ounces, wifibh compares with 1,450,000 fine ounces last
196,550 and the increase of deposits in national banks year and 1,259,000 fine ounces two years ago, the gain
by $28,000,000 since March 4, including $17,510,000 this year over 1906 being about 22%.
customs collections placed in New York depositories.
Advices from the mines in the United States, with¬
When the purchase of $25,000,000 4s, which Mr. out giving actual statistics, report an increasing out¬
Cortelyou called for redemption, shall be effected, and put in leading fields and refer in a very confident man¬
when refunding of the $50,000,000 set apart for this ner to the bright prospects for a further very material
purpose shall be ended, there will be no further opera¬ gain in production in Nevada now that the labor diffi¬
tions either in refunding or redemption; on July 2, culties at Goldfield have been amicably adjusted.
On
however, the amount of 4s then outstanding, about the other hand, the mines of Australasia (not includ¬
$35,000,000, will be redeemed in cash. Meanwhile, ing Tasmania and South Australia, the least import¬
deposits of public funds in the banks will continue, ant fields of the country) have collectively produced
for it is stated that the Secretary has not changed his only about 875,000 ounces in the quarter this year,
policy in this respect. Therefore, it appears likely that against 945,000 ounces in 1906 and 963,000 ounces in
there will be no suspension of relief measures, as pro¬ 1905, and the principal East Indian workings return
vided by the new financial law, at least until Treasury totals of 132,000 ounces, 147,000 ounces and 152,000
conditions shall make necessary withdrawals of public ounces, respectively, in the three years. But combin¬
deposits in order to meet the Government require¬ ing the aggregates for Africa, Australasia and India, we
ments for disbursements.
have a result for the first quarter of 1907 of 2,773,000
The advance in foreign exchange rates this week ounces, against 2,542,000 ounces in 1906 and 2,374,000
seemed to indicate the possibility that the gold-export ounces in 1905, the excess over 1906 being at the rate
point would soon be reached. If there were any in¬ of a little more than 9%; for the full year 1906 the pro¬
ducements for shipments of gold, such as a premium duction of the three countries specified showed a gain
on the metal in London, or an urgent demand therefor
over 1905 of slightly under 8%.
Consequently, as
at Paris, it seems probable that a much further rise the United States is looked to for a greater increase in
in sight sterling would cause a movement hence. the full 12 months of 1907 than was recorded in 1906,
Though French bankers are drawing gold from Lon¬ it seems at this writing a safe assumption that the ratio
don, they seem to be procuring the metal without of gain in the world's aggregate production of gold
difficulty, and so long as withdrawals are not ob¬ will show a considerable increase over 1906.
structed and the movement is for the purpose of col¬
The world's visible stock of gold is, of course, increas¬
lecting an indebtedness incurred through advances to ing yearly. The general stock in the United States
British bankers, when they were inconvenienced by on Jan. 1 1906 was reported by the Treasury as $1,monetary stress, exports to Paris from London will 419,943,124, of which $1,135,107,044 (either in the
probably be free. Moreover, about one-fourth cf form of coin or certificates represented by coin in the
such indebtedness is said to have been already remitted, Treasury) was in circulation. On Jan. 1 1907 the to¬
and the remaining $7,500,000 will soon be paid. Then, tals had risen to $1,587,018,385 and$1,273,018,763,
presumedly, the rate for exchange at Paris on London, respectively, and on April 1 a further augmentation to
which is
dollars
now
will rise and
so
has
961
low
been
as
to facilitate the
movement,
$1,611,373,750 and $1,300,612,758 had been shown.
It is thus seen that in this country the stock of gold has
shipments will cease. Under these cir¬
cumstances, there would be little if any advantage to materially increased. During the same interval Euro¬
our bankers in shipping gold to Paris, even if exchange
pean banks increased their holdings of the metal mod¬
rates and other conditions were such as to indicate a erately, and it is to be presumed that in other quarters
profit as an arbitrage operation. It may be observed, of the globe there were additions to stocks of the pre¬
though, that if exchange at New York on London should cious metal. In fact, we have only to mention, by
continue scarce, and be so difficult of procurement way of illustrating how gold is accumulating at some
as to make necessary remittance with gold, the metal
points, that the Argentine Government's conversion
would go forward, but probably not in great volume. office is reported now to hold nearly $118,000,000 in
gold, against only $93,000,000 at the close of last
962
October; that
THE CHRONICLE
more
is
the way, and that the
[VOL.
LXXXIV.
commendable; while it makes for greater efficiency, it
by the middle of May,is expected to at the same time is an assurance of increasing interest
reach at least $125,000,000, or $19,000,000 more than of
employers in the welfare of labor—a cementing of
at that date last year.
But despite all these additions, business fellowship between employer and employee.
with gold an almost universal basis or medium of trade
Mr. Samuel T. Hubbard of this city opened the after¬
between nations, there is yet more or less need for a noon session of the first
day with a paper on “The
larger stock.
New York Cotton Exchange and its Contract for De¬
livery of Cotton.” Mr. Hubbard’s long years of ex¬
A noteworthy event of the week in textile circles
perience in the New York market qualified him to
was the semi-annual
meeting of the National Associa¬ defend the .contract against the various attacks made
tion of Cotton Manufacturers, held in the Massachu¬
upon it.
Carefully reviewing the difficulties encoun¬
setts Institute of Technology, Boston, on
tered
in evolving a desirable contract, he in effect said
Wednesday
and Thursday of the current week. Including the that the
system now in use guarantees the grade,
annual gatherings of its predecessor, the New
England permits re-tendering without" loss in classification,
Cotton Manufacturers’ Association, this was the enables
shippers or planters to tender merchantable
eighty-second, and most successful, meeting of the or¬ grades without change in the differences and makes
ganization, not only in point of attendance, but in public the exact grade of the New York stock. In
the scope of its proceedings.
The Secretary’s report, fact, offers advantages not offered by any other sim¬
which was submitted at the opening session on Wednes¬ ilar institution in the world.
day, showed the recent growth in membership had been
The final session of the meeting—that of
Thursday
large, 879 names being on the roll, a gain of 82 morning—was devoted to elections and to the reading
within the year.
In a carefully prepared address, of papers more or less technical. Mr. James II. McColl, the presiding officer,
concisely
reviewing the important happenings of the year,
Some exceedingly significant events and
happenings
pointed out the mistake of the cotton-growing interests have marked the course of the week. On Thursday
in securing a fraud order against the New York Cotton it was announced that the
syndicate formed last year
Exchange. His characterization of the New York to float $35,000,000 25-year 4% debenture bonds of
Exchange as an institution of high record, with rules the Lake Shore & Michigan Southern Ry. would be
enforcing strictly honorable dealings, merely stated dissolved on May 1 and that the members of the syn¬
well-known facts.
He also'advocated the establish¬ dicate would be
obliged to take over a large portion of
ment of a cotton
exchange in New England (at either the bonds, very few of them having been sold. When
Boston or Providence), where two-thirds of the
spin¬ a railroad of such superlative strength and earning
dles of the country are located.
As to the wisdom of capacity as the Lake Shore cannot- find buyers for its
such an undertaking, there is room for doubt.
Mr. 4% bonds, at a figure below par, there is evi¬
McColl, in referring to suits brought by the Federal dently something radically wrong in the situation.
Government against cotton manufacturers in North But, as
every one knows, the Lake Shore case is only
Carolina for breach of the immigration law, stated it one instance.
For more than fifteen months it has
to be an entirely unwarranted
been
assumption on the part
practically impossible for the best of our railroads,
of certain Southern newspapers that the actions were those of
highest credit, to borrow money except on
based on complaints from New England manufactur¬
very stiff terms.
While there may have been other
ers.
He well said that such action would have been
contributory causes, the main reason for the inability
as;unlikely as it would be narrow-minded and foolish, to raise new capital is found in the distrust created
if for no other reason than that Northern
capital is in the minds of investors bv the hostile attitude mani¬
largely interested in Southern mills. Among the pa¬ fested against the railroads and against corporate in¬
pers submitted at the first session were “Corporations terests generally.
Another event of the week that is
and the Public Welfare,” by Mr. Everett W. Burdett in like manner
typical of the present state of things
of Boston, who referred at length to the
spirit of un¬ and must be regarded as the direct outgrowth of
rest and discontent which seems so
prevalent, and to adverse legislation and public hostility is the failure of
the especial antagonism displayed toward
corporate the Rapid Transit Commission in this city to secure
interests, but offered no tangible suggestion for better any bids for the new subway routes for which proposals
conditions.
Mr. Harvey Stuart Chase’s paper on were asked.
Not a solitary bidder appeared.
What
“Cost of Maintenance and Depreciation in Cotton was the reason? The need for additional transit facili¬
Mills,” as well as that devoted to “Taxation and Valua¬ ties in this borough and in Brooklyn was never so urgent
tion with Reference to Industrial Plants,”
by Mr. as at present and capital is ready and willing to
Henry K. Rowell, showed, intimate knowledge of the embark in new subway enterprises if only a moderate
subjects covered,and would well repay careful reading profit can be assured. But by legislative enactments
we have done
by practical men.
everything to discourage investments
In the afternoon session, the regular order of
in
additional
pro¬
subways.
gram was changed to permit Mr. William W. Crosby,
Our readers will recall how difficult it was to get the
former principal of the Lowell Textile School, to ex¬
existing subways built. Year after year nothing was
plain a plan for investigating the condition of wage- accomplished until finally the Belmont syndicate
earners in textile mills.
The plan has the advocacy came along, raised the needed
capital and carried the
of the National Society for the Promotion of Industrial
undertaking to success. The fact that the promoters
Education, and it aims to find out what may properly of this scheme were able to make considerable profits
be done for textile workers, when they first enter the aroused a
feeling of malevolence and straightway our
mills, in order to increase their efficiency when they legislators went to work to render it impossible for any
become operatives.
A move of this kind is highly future subways to be built at a profit. The length
amount in hand
now on
Ape. 27
1907.j
of the franchises
tions made
THE CHRONICLE.
was
reduced and the terms and condi¬
in other ways.
President
Slionts of the Interborough-Metropolitan Co., in a
letter addressed to the Board of Rapid Transit Com¬
missioners, points out that under the new conditions
imposed and the increase in the price of labor and
materials the proposed subways would cost when fully
equipped $2,250,000 per mile of single track, as com¬
pared with the cost of $1,130,000 per mile for the exist¬
ing Rapid Transit lines, an increase of about 100%.
But this is not all.
Under the proposed form of con¬
tract and the existing law, the
expenses which must
be provided each year out of income are further
largely
added to as compared with those under the original
subway contract. In the first place, from one-half to
three-quarters of 1% more interest will have to be
paid upon the bonds to be issued by the city for the
cost of construction.
Jn the second place, unlike the
original subway, the entire investment in the new
subway will be subject to taxation. In the third
place various advantages conferred by the original
contract are now eliminated, and
finally the lease is
limited to twenty years.
Another important consideration is the
exceptionally
broad power conferred by the form of contract
upon
the public authorities to require from time to time
any changes in the construction of the subway and
in the equipment and other
appliances used therein.
The Interborough people would like
very much to
complete their system, but under the circumstances
they do not feel t hat it would be safe for them to assume
responsibility for the $88,000,000 new capital which
would be required for the purpose—using the
city’s
credit for $64,000,000 and providing $24,000,000
themselves for equipment, &c.
Mr. Shonts says that
more
onerous
the terms and conditions
are
such that “it would not
be
possible to make net earnings above operating and
maintenance expenses, sinking fund payments and
taxes, sufficient to provide the interest upon the city’s
bonds and 5% upon the additional capital invested.”
So the Interborough Co. found itself reluctantly obliged
to refrain from bidding for the new routes.
In view
of the facts stated, it is difficult to see how the Inter¬
borough Co. could have followed any other course;
but think of the inconceivable folly, on the part of
our Legislature and the
public, in rendering it im¬
to
the
possible
do
thing which the company so much
desires to do, and which those compelled to rely on
local transit facilities
There is
are so
anxious should be done.
evidence of the
‘JG3
necessarily suffer very greatly and considerable idle¬
ensue.
They conclude with these pregnant
words:
“We do not object to the regulation of the
railroads by the National Government in the
proper
manner, but we do object to going through a period
ness
of hard times similar to that between 1893 and 1897
in order to accomplish alleged railroad reform.
The
situation is serious.
or
business will
Immediate action is necessary,
diminish; bank accounts will be re¬
duced, profits will
disappear, salaries will be cut,
wages decreased, men discharged and thousands will
be looking for work.
Every laboring man, every
business man, every professional man—in fact,
every
man—is and will be affected.”
Are those upon whom .rests the
the present unfortunate movement
responsibility for
paying any heed
Quite the contrary. At Albany the
Assembly has this week passed, with only five dissent¬
ing votes, the bill providing for a five-eent fare to
Coney Island, though the Brooklyn Rapid Transit
to
this
crv?
officials have declared
Island traffic at such a
Other bills of the
eration
by
our
same
over
and
figure
over
can
nature
that the
Coney
not be made to pay.
are
also under consid
State Legislature, in particular
aimed at the New York Central.
one
In Minnesota the
Sundberg Investigating Committee lias just made its
report to the State Senate, valuing railroad property
in Minnesota and seeking to show that railroads in
that State have been enormously
over-capitalized.
Especial reference is made to the case of the Chicago
Great Western, the market value of whose shares has
never
been
more
than
a
few cents
committee recommends that
a
on
the dollar.
committee
or
The
commis¬
sion be
appointed to investigate generally the ques¬
capitalization of the railroads of Minne¬
sota, with the view of the enactment of “appropriate
legislation” on the subject. It passes our comprehen¬
sion what can possibly be gained through these move¬
ments directed against the capitalization of the.rail¬
roads.
Capitalization never has and never will con¬
trol railroad charges, either freight or
passengers, and
to treat certificates like Chicago Great Western stock
as if they
represented something real, instead of some¬
thing nominal, borders closely on the ridiculous.
But our legislators evidently think that continued
agitation is popular, whether based on legitimate
grievances or not.
In the meantime, they are totally
unmindful of the harm being done.
It is difficult to
escape the conclusion that in all this we are sowing the
wind and later on shall reap the whirlwind.
tion of the
awakening of the
At the Louisiana State Bankers’ Convention, held
public mind to the harm that is resulting to all inter¬
ests from the present crusade.
at
From Chicago we
Shreveport last week, Mr. Charles G. Dawes, for¬
learn that several hundred manufacturing and business merly
Comptroller of the Currency and now President
firms throughout the country have united in an address of the Central Trust Co. of
Illinois, delivered an interto the public.
They point out that at present business esting address on the Sherman Anti-Trust Law in its
is good on old orders, but it is certain to become bad relations to the
public, and earnestly argued that the
unless the existing policy is changed.
They say, law should be amended. Congress, of course, is not
what is incontrovertible, that if present conditions now in session and will not convene until
December,
continue, all classes of labor and every business in¬ but sucFi addresses as Mr. Dawes’s serve an important
terest will be injured.
Every manufacturer, every purpose in educating the public in anticipation of the
jobber and every retailer in the United States does meeting of that body. Mr. Dawes asserts that the
business directly or indirectly with railroads or their Sherman Law sprang out of just such conditions as
officials and employees.
The railroad interest is, we have in the country to-day, from widespread in¬
next to farming, the largest in the country.
When terest in the matter of corporate abuses, and it was
railroads begin to economize it seriously affects every hostile legislation.
It was legislation that resulted
other business.
Under such conditions labor must from an excited condition of the country, and it was
some
964
THE CHRONICLE.
ill
considered, and for that reason, until recently,
for sixteen years it was a dead letter upon the statute
book. The Act provides that all agreements in restraint of trade are criminal, whether they are vicious
in intent or not.
But this is the day of the trade
agreement. We have national, State, city and dis¬
trict associations of business men, who are brought
together by their desire to formulate what might be
called the rules of trade.
Very often these combina¬
tions are made for the purpose of preserving existence,
not for the purpose of extorting.
Very often, too,
the agreements in restraint of trade which these busi¬
ness
men
make are beneficial to the public.
Mr.
Dawes urges that agreements of that kind should be
favored by the law instead of being placed under the
ban.
He points out that competition in this country
has run riot. Small businesses are being crushed out.
Under the law of evolution it must be recognized that
the trade agreement in the United States has come to
stay. Hence the statute should in some way provide
for the trial of the trade agreement, much in the same
way that a man is tried when charged with a crime.
Let not the trade agreement be presumed guilty before
trial, says Mr. Dawes. He contends that it is as much
a measure
of reform to correct the Sherman Act
as
to
[VOL.
LXXXIV.
negotiation of. the loan reserved one-quarter of the
sum for private disposition; the remainder was offered
to the public, with the results above stated.
The most notable feature of the statement of the
New York Associated Banks last week
was
a
further
increase in loans of
$25,347,800, following an expansion
$36,968,300 in the previous week, and an increase
in deposits of $26,501,600, making $71,350,400 for the
fortnight. The loan expansion seemed to indicate
shifting of loans from trust companies to banks and
also important syndicate borrowings.
The cash gain
last week was $2,477,300 and the required reserve was
augmented $6,625,400. The surplus was reduced
$4,148,100 to $11,704,825.
of
There have been
the
some
indications this
week,
as was
last week, of the withdrawal of balances by
interior banks from their New York correspondents, in
case
order to
employ such balances in the home market,
opportunities are offered for their more profit¬
use.
The Sub-Treasury operations have resulted
where
able
in smaller contributions to
our
market than have been
latterly made, and consequently it has appeared prob¬
able that the bank return of this week would show
a
laws in connection with railroad rates. Every further diminution of cash and of reserve. Such out¬
one will agree with him when he asserts that it does
look has, however, had no special influence upon the
not require courage for a public man to stand for rates for money on call,
chiefly for the reason that the
those things which are popular in the country but we requirements for stock speculation have been limited,
need men who will stand for that which is right and owing to the abstention of commission house clients
that which is reasonable, even if it brings down upon from trading operations; indeed, such trading has been
them, for the time being, the castigation instead of so small that the ordinary balances carried by these
the applause of the radical portion of the public.
houses has been much more than sufficient to supply
the needs of their customers, so that borrowing from
The Bank of England rate of discount was reduced the banks has been greatly restricted.
The time-loan
this week from 434% to 4%, following a reduction by branch of the market shows some recessions in rates
the Imperial Bank of Germany on Tuesday of its rate for short maturities, but money for such periods is
from 534% to 5% and by the Bank of the Netherlands not in request, partly because of the abundance of
also to 5%, thus indicating a quite general improve¬ offerings on call and also for the reason that it is ex¬
ment in discount conditions, at all the European cen¬ pected that the distribution of Government
money in
tres.
It may be noted, however, that the official rate July, for the payment of the balance of the 4%s of
of discount of the Bank of France remains unchanged 1907, which will then be unredeemed, will contribute
at 334%? but special reasons exist for the maintenance to extremely easy monetary conditions.
There is a
of this rate, as elsewhere stated.
It appears likely good demand for loans maturing in the fall and in the
that were it not for the withdrawals of gold which later months of the year; but offerings thereof are not
are now being made by French bankers from London,
liberal.
the English Bank rate would have been further reduced
Money r on call, representing bankers’ balances,
this week, for the low open market quotation seemed loaned at the Stock Exchange during the week at
and at 1J4%> averaging about 234%; banks and
clearly to indicate that the Bank no longer controlled
the discount market.
Possibly when the French re¬ trust companies quoted 1%% as the minimum. On
quirements for gold shall have been satisfied, the Bank Monday loans were at 2%% and at 1^4% with the
rate will be further reduced.
As the result of the bulk of the business at 234%On Tuesday and on
lowering of the English Bank rate unofficial discounts Wednesday transactions were at 234% and at m%,
were quoted at the close of the week at a decline in
with the majority at 234%On Thursday loans were
London, compared with last week, of 34 of 1%, at 234% and at 2%, with the bulk of the business at
while open market rates at Paris were unchanged; 234%On Friday it is noteworthy that transactions
those at Berlin and Frankfort were 34 of 1% were at 2% all day without change. Time loans on good
lower.
mixed Stock Exchange collateral were 334% for sixty
A Berlin cable on Friday reported that the German and 4@434% f°r ninety days, 434@4J4% for four,
and Prussian loans for $50,000,000 each, which were 4%@5% for five and six months and 534% for seven
issued, as announced in the “Chronicle” last week, to eight months; one transaction is reported at 5%.
have been largely over-subscribed; the books closed on for a loan of $1,000,000 for nine to ten months, and
Thursday. The amount offered, as stated in the cable, other equally large amounts could probably be placed
was $75,000,000, instead of $100,000,000, the total of
at this rate, for 5J4% is the quotation.
Commercial
the emissions by both governments.
The difference paper is still affected by competition with corporation
of $25,000,000 between the two amounts is explained notes and business is small; rates are 534 @5% f°r
by the fact that the syndicates which undertook the sixty to ninety day endorsed bills receivable, 534@5%
pass
,
,
Apr. 27
for
1907.]
THE CHKONICLE.
prime, and 6%% and above for good four to six
single names.
months’
The Bank of
England rate of discount was reduced
this week from 4*4%, at which it has stood since
April 11th, to 4%; the Imperial Bank of Germany
lowered its rate on Tuesday to 5}4% from 6%, which
has been maintained since January 22d, and the Bank
of the Netherlands reduced its rate to 5%.
The cable
reports discounts of ‘sixty to ninety day bank bills in
London, 334%- The open market rate at Paris is
S%% and at Berlin and Frankfort it is 4@434%
According to our special cable from London, the Bank
gained £296,408 bullion during the week and held
£36,191,304 at the close of the week. Our corre¬
spondent further advises us that the gain was due
almost wholly to purchases in the open market, the
movement from the interior of Great Britain
been very moderate.
The
into and out of the Bank
details of the
were
as
follows:
having
movement
Imports,
£509,000 (wholly bought in the open market); exports,
£284,000 (of which £254,000 to Paris and £30,000 to
South America), and receipts of £71,000 net from the
965
any increase
the following
in offerings. The market was easier on
day and steadier on Friday.
Nominal quotations for sterling exchange are 4 84
@4 8434 for sixty day and 4 87@4 8734 for sight.
Flic market was firm on Saturday of last week and
though long was unchanged, compared with Friday,
short rose 20 points to 4 8580@4 8595 and cables
25 points to 4 S625@4 8650.
On Monday there was
an advance in
long of 30 points to 4 8310@4 8315, of
25 points in short to 4 8605@4 8610 and of 25
points
in cables to 4 8650@ 4 8655.
On Tuesday long rose
25 points to 4 8335@4 8340, short 35
points to 4 8640
@4 S645 and cables 30 points to 4 8680@4 8685. On
Wednesday long was 10 points higher at 4 8345@
4 8350, short 25 points 'lower at 4
8615@4 8630 and
cables 30 points at 4 8650@4 8655.
On Thursday
long fell 15 points to 4 8330@4 8340, short 20 points
to 4 S605@4 8610 and cables 15
points to 4 8635@
4 8645.
The tone was steady on Friday and un¬
changed, except for long, which was 10 points lower.
The following shows daily posted rates for
sterling
exchange by some of the leading drawers.
1
interior of Great Britain.
|
Tucs.,
Mon.,
Wed.,
Thurs., Frt..
Apr. 19 Apr. 22 Apr. 23 Apr. 2A Apr. 2.5 Apr. 26
j Frt..
.
The
foreign exchange market was generally strong
this week, influenced chiefly by relatively lower rates
for money in New York than for discounts abroad.
This contributed
to
a
demand to remit in settlement
of
Brown
Bros. & Co
Baring
«fc Co
Bank British
North America
Bank of
Montreal..
Canadian Bank
of Commerce
Heidelbach. Ickelheimer & Co
Lazard
Freres
Merchants’ Bank
of Canada
J 60 days 4 83^
.1 Sight- 4 86*2
84
87
60 days 14 83 }•$
.1 Sight__ 4 864
87
l
j
60 days;4 834
-\Sight..
|4 864
60 days;4 834
.1 Sight.. 4 864
160 days;4 834
i
-\Sight-. !4 864
1 60
days 4 S3 4
4Sight..|4 864
l 60 days 4 83 4
-1 Sight. .14 864
j 60 days 4 83 4
4Sight-.i4 864
84
84
87
84
*87
84
S7
84
87
84
87
84
87
84
87
84
87
84
87
84
87
84
87
84
87
84
84
87
84
87
87
84
87
84
84
84
87
84
87
84 H
»*j
87}i
87
84
87
84
87
84
87
84
87
87)4
84
87
84
84
87
S4
87
84
87
87
84
maturing and other obligations and also to transfers
87
84
84
84
of balances that could be more profitably employed at
87
87
87
84
84
84
84
European centres. There was a good inquiry for re¬
87
87
871
87X
mittance in payment for securities which had been
The market closed on Friday at 4 8320@4 8330 for
sold for foreign account and that had recently arrived
from London.
The reduction in the Bank of England long, 4 8605@4 8610 for short and 4 8635@4 8645
Commercial on banks 4 8280@4 8290 and
rate had been so distinctly foreshadowed by the fall for cables.
in the unofficial figures that it had little influence, documents for payment 4 8225@4 83.
Cotton for
payment
4
8234
@4
cotton
for
82%,
except to stimulate buying of long sterling and to
acceptance 4 S280
lessen the demand for short.
One feature wras the @4 8290 and grain for payment 4 82%@4 83.
limited supply of commodity bills, indicating a small
export movement of cotton; the grain drafts that came
The following gives the week’s movement of
money
forward were not in sufficient volume to make any im¬
to and from the interior by the New York banks.
pression on the market. Continued selling of securities
for London account and quite small purchases on arbi¬
Received by
Net Interior
Shipped by
Week ending April 26 1907.
.V. Y. Banks. N. Y. Banks.
Movement.
trage caused a steady demand, which absorbed all
Currency
$3,209,000
$5,350,000 Loss $2,141,000
offerings of bankers’ bills; therefore, when the inquiry Gold
906,000
1,400,000 Loss
494,000
for the outgoing mails became urgent, rates sharply
Total gold and legal tenders
$4,115,000
$6,750,0001 Loss $2,635,000
rose, and early in the w^eek about the highest prices
With the Sub-Treasury operations the result is as
of the year were recorded for sight sterling.
Then
follows:
quotations therefor were apparently so close to the
j
gold-export point that it was thought likely that ship¬
Into
Out of
I Net Change in
Week ending April 26 1907.
l
Banks.
Banks.
Bank Holdings.
ments to Tendon might soon become possible were
Bank's interior movement
above.. j
$4,115,000
$6,750,000 Loss $2,635,000
conditions to develop which would make the operation Sub-Treasury operations
26.300.000
500,000
25.800,OOOjGain
Total gold and legal tenders
profitable. The fall in exchange at Paris on London
j $30,415,000 $32,550,000' Loss $2,135,006
j
1
also gave rise to some expectations that gold might
The following table indicates the amount of bullion
go forward as an arbitrage transaction—the metal
being shipped to Paris in order to purchase sterling in the principal European banks:
exchange, at that centre. In the absence, however,
April 25 1907.
April 26 1906.
of any inducements for exports, either to London or to
Bank of
Gold.
Silv(T.
i
Total.
Gold.
Silver.
Total.
Paris, bankers were of the opinion that no shipments
£
£
£
£
£
£
would be made unless, indeed, exchange conditions England.. 36,191,304
36,191,304 33.102.326
33.102,326
France
.
.
i
as
i
,
should become much
than at present
more
favorable for the movement
seemed likely. On Wednesday, there
was a sharp recession in rates, which appeared to indi¬
cate liberal drawings of bankers’ bills; it seemed,
though, that the fall was due to the temporary satis¬
faction of the'inquirv for Thursday’s mail and not to
Germany.
103.567.576
35,327.000
Russia
119,527,000
Aus.-Hun. 45.460.000
Spain
Italy.....
Neth'lands
15,450,000
32.422.000
5,155.200
Nat.Belg.
3,287.333
Sweden
4.152.000
Tot.
..
39,223,084 142.790,660 119,826.156
11,7754)00 47.102.000 38,000.000
5,888.000 125,415,000 90.063,000
12,458,000 57,918,000 46,112,000
25.270.000 40,720.000 15.101,000
5.019,000 37.441.000 28.360.000
5,615,500 10,770,700
5.469.300
1,643,667
4.931.000
3.703.333
4.152.000
3.833.000
42.185.455 162.011,611
12,067,000 50.667.000
4.914.000 94.977.000
12.777,000 58.889,000
23,884.000 38.985,000
3.886.700 32,240.700
5,923.300 11.392.600
1,851.667, 5.555.000
3.833.000
week400,539.413 106.892,251 507,431.664383,570,115 108.089,122491.659,237
Prev. week 397.712,902 106.095.771 503.808.673 380.286.016 106,691.930486.977,946
966
THE CHRONICLE.
THE BRITISH GOVERNMENT AND SOCIALISM.
A
[VOL.
LXXX1T.
purpose.
In short,-the question is left very much
where it was before, except that a certain sum was laid
budget of income expenditure and taxation, sub¬ aside to be used if anything further comes of the oldby a Government for a coming year, is apt to age pension project.
be dry reading for the general
It would be rash to assert that nothing more will
public. Perhaps this
principle applies less to the annual British budgets come of it. Nevertheless, Mr. Asquith's own showing
than to those of any other modern
Government, for of the public finances threw light on his hesitation in
the double reason, first, that the
political success or this case, and gave pretty clear evidence of what so¬
failure of an English Ministry is
peculiarly dependent cialistic schemes of this nature, whether right or
on the
reception given to its fiscal expedients; and, wrong, must involve to the tax-paying public. In
second, that with the wide latitude assumed
by Parlia¬ order to provide even for the ordinary estimated needs
ment in the alteration of an
existing system of politics of Government in the coming twelve-month, the Chan¬
or finances, a
budget of taxation mav^easilv be made cellor of the Exchequer not only found it necessary
the entering wedge for a change, not
only in the finan¬ to increase the “death duties,” or inheritance tax on
cial but in the social attitude of the Government.
large estates, to a rate fully 2% more than the rate
dhus the “budget speech" of Mr.
Asquith, in the imposed by Sir William Harcourt in 1894, but was also
House of Commons last week, was awaited with
par¬ compelled to deny the very reasonable demand for
ticular curiosity, because it was felt that the taxation
general reduction in the income tax. It was
notorious
expedients proposed would indicate the Government’s
that the “shilling income tax,” which in
attitude toward the socialistic movements of the day. England touches small incomes in a
way it has never
Socialism, as all attentive observers of the news must done here, stands to-day at a rate not reached in half
be aware, has a score of varying forms in modern con¬ a century, outside of war times. Indeed it is doubtful
troversy; it does not always, or in fact often, mean if the 5% annual tax represented by exaction of
the same thing in one country as in another.
Never¬ twelve pence in the pound has ever been paralleled
theless, there is no difficulty in seeing when a particular in England at a time of profound peace, when the fair
move of government is a distinct concession'to social¬
presumption was that recovery from the strain of war
istic tendencies, and in this class of legislation the had been completed.
It was reasonably contended
mooted plan for “old-age pensions" in Great Britain by the tax-payers that, since 8% was the
highest
would undoubtedly be classed.
income tax imposed between 1863 and 1900, it is unfair
To understand the position occupied by the British to maintain so large a tax at the
present time. To
Government in this regard, it must be remembered this the Chancellor of the Exchequer, while
admitting
that the Liberals had made a bid distinctly, in last the force of the complaint, nevertheless was able to
year’s elections, for the Labor Party. It is true, their respond only to the extent of granting a reduction of
majority was in the end so great that on a vote in the tax to 9 shillings in the pound for incomes below
Parliament they might easily
dispense with the £2,000 per annum, not derived from investments.
One can hardly wonder that this extremely moderate
support of the Labor members, properly so-called;
but. on the other hand, there were certain distinct concession has been badly received, and it is obvious
ante-election pledges, with which the Ministry was enough that a situation of the sort must serve as a
confronted on assuming power,and whichjit could not warning, both for the general public and for the Gov¬
well repudiate simply because it had learned, when ernment, as to what will be the price of indulgence in
the votes were in, that they had not been necessary socialistic experiments.
If it were not for the uneasy
to the party’s success.
agitation
which
has
seemed
to be in the air throughout
Very naturally, therefore,
pressure on the Ministry from the socialistic-ally in¬ the'world, the suggestion of so enormous a drain as
clined political groups increased as the time for the old-age pensions must impose on the public revenues,
budget of taxation drew near. It was proclaimed, by would be regarded in Great Britain’s case, under the
the Labor Party in particular, that the Government
present circumstances, as a wild absurdity. Nothing
would now be compelled to show its colors in the matter can be more plain, from the simple figures of Mr. As¬
of old-age pensions.
On the other hand, all advices quith’s budget, than the fact that if such experiments
from London’s financial markets indicated a feeling are tried, the preliminary step must be, not only
of misgiving as to the tendencies and precedents which abandonment of all plans for cutting down the income
might be shown to have a place in the new scheme tax, but announcement of further increase, in that
mitted
of finance.
Mr.
or
Asquith’s budget turns
out to
be
a
compromise*
—in
which, however, more is denied to the socialists
than is granted to them.
The Chancellor of the Ex¬
chequer concedes, from the $27,000,000 surplus of
the fiscal year ending March III. t he amount of $7,500,000 to be invested
nucleus for the
old-age-pension
project ever be adopted. This
was at least a sop to Cerberus; but Mr.
Asquith’s own j
statement of his purpose was calculated to throw cold
scheme should
as a
that
broad inferences from the fact that the pen¬
sion scheme had made its beginning.
While admit¬
water on
that the Ministry regarded the project as “the
serious and most urgent of all the demands for
social reform,” lie flatly declared that for his own part
he would not commit himself to any scheme for the
ting
most
in other
periods of
taxes, to the level reached at the critical
war.
Just how such
proposition would appeal to that
part of the community which has placed itself, by its
savings, on a footing of real prosperity, is not difficult
to judge.
We suspect that the British Ministry has
already judged the matter for itself and has discov¬
ered considerable doubt, even from a purely political
point of view, as to whether experiments of this sort
can be altogether safe.
The recent vote in the London
municipal (‘lections, wholly adverse to the scheme
of extended municipal ownership, resulted admittedly
from burdens, fast becoming intolerable, which pre¬
vious experiments had heaped on the tax-payers’
shoulders.
The astonishingly complete defeat of the
Socialist Party, in the German elections earlier this
a
Apr. 27
1907.)
THE CHRONICLE
and the abandonment of purely socialistic doc¬
trines by a French Ministry regarded as ultra-radical,
are
equally noteworthy symptoms of the times.
year,
What the
English episode in particular points out is
the strong probability that a party which goes just a
step too far in tampering with taxation for the sake
of a purely socialist undertaking will inevitably be
unseated by such majorities as will long be remem¬
bered in Parliamentary history.
Perhaps the lesson
as to what the simple enthusiast over socialism must
pay from his own pocket for the pleasure of seeing
his theories tried, even tentatively, has not
yet been
fully learnedVby the world at large. It is characteristic
that a British Ministry, even when brought face to
face
with a project of the sort supported by its own
partial
pledge, should balk at it.
MUNICIPAL OWNERSHIP AND THE CHICAGO
STREET RAILWAY DECISION.
967
of the
municipality, must be held to be an indebtedness
municipality within the scope of the constitu¬
tional mandate against the creation of debt
beyond
certain prescribed limits.
These grounds for consid¬
ering street railway certificates a municipal indebted¬
ness are
very broad, -and will act as a bar against the
taking over of street railways by other municipalities
in Illinois, except,
possibly, in the case of some very
small places without any extensive indebtedness and
over-abundantly supplied with cash. * Of course, the
matter is also of
importance in other States, for the
courts in those States
may elect to follow the doc¬
trine laid down in Illinois.
With the judiciary, we
all know, precedent counts for a
great deal, and when¬
ever important
questions of law come up there is a
constant search for authorities, not
only in the home
of the
State but in outside States.
The Mueller Law derives its name from the fact that
it was introduced in the Illinois
Legislature by Senator
Carl Mueller.
Its proper
title is “An Act to authorize
by the Supreme cities to acquire, construct, own, operate and lease
Court of Illinois in the case involving the
validity of street railways and to provide the means therefor.”
the $75,000,000 of street
railway certificates which the The Act provides that no city shall proceed to operate
City of Chicago' purposed issuing under the so-called street railways unless the proposition to operate shall
Mueller Law, enacted in 1903,
appears to be far-reach¬ first have been submitted to the electors of such city
ing in its import and, we should judge, of wide appli¬ and been approved by three-fifths of the electors vot¬
cation and bearing-.
The Court holds the proposed ing thereon. The voters of Chicago on April 3 1906,
$75,000,000 certificates invalid because, owing to the it will be recalled, voted
against municipal operation,
manner in which
they are to be secured, their issuance but at the same time voted in favor of the issue of
The decision rendered last
would be tantamount
the
city, and such
total
an
to
an
week
addition to the debt of
addition would bring the city’s
indebtedness far above
the
limit
for
Mueller certificates for the purchase,
ownership and
maintenance of street railways. Two methods are
Illinois
provided by the Act for obtaining funds with which
to acquire and
municipalities fixed by the Illinois Constitution.
equip street railways. The first method
In the last analysis, the decision is a blow at munici¬ is to issue bonds based
upon the faith and credit of the
pal ownership—and a blow from the effect of which municipality. This method was not open to the City
it is not easy to see how recovery
will be possible. of Chicago, since its indebtedness is already close up
The ruling, however, we are glad to say, will
operate to the prescribed limits. The second method, and the
in no way to interfere with the
carrying out of the one adopted in this instance, is to issue and dispose
scheme for the rehabilitation of the
Chicago trolley of interest-bearing certificates to be known as street
companies, as provided in the municipal ordinances railway certificates. These certificates, it is provided
approved by popular vote at the city election held by Section 2of the law ..shall “under no circumstances
this very month.
These ordinances give the city the be or become an obligation of the city or payable
right to purchase these properties upon certain terms out of any general fund thereof, but shall be
payable
at any time on six months’ notice
by paying $50,000,- solely out of a specified portion of the revenues or in¬
000, the agreed valuation, plus the cost of rehabilita¬ come to be derived from the street
railway property
tion, which latter is estimated at not less than $40,- for the acquisition of which
they were issued.” It is
000,000.
The inability of the city to issue the certifi¬ further
provided that “such certificates shall not be
cates under the decision of the Court,
making it im¬ issued and secured on any street railway property in
possible, therefore, for the city to float obligations excess of the cost to the city of such property, as herein
which would give it the funds to purchase the roads, before
provided, and 10% of such cost in addition
thereto.’'
obviously defers the time when the idea of municipal
ownership can be carried out. But this is not a matter
Authority is granted to secure these certificates by
for regret.
Rather it is an occasion for rejoicing. mortgage or deed of trust. Any such mortgage or
Moreover, it will render it less difficult for the com¬ deed must carry the grant of privilege or right to main¬
panies to raise the large amount of capital needed for tain and operate the street railway
property covered
the reconstruction of the properties, inasmuch as de¬
thereby for a period not exceeding twenty years from
ferral of the day when the municipality itself shall and after the date such
property may come into the
take over the roads means a corresponding
lengthening possession of any person or corporation as the result
of the time during which the franchises will be held
by of foreclosure proceedings. Obviously the privilege
the present owners.
For, we need hardly say, capital of foreclosure would possess no value unless
coupled
is very timid about going into
enterprises of this kind with the condition that the purchasers shall have a
where the tenure of Life is short.
To the
general public, the question of chief interest
grounds upon which the Illinois
Court
rests
its conclusion that certificates
Supreme
in the decision is the
of this kind, secured
chased, and
not
by a pledge of the property pur¬
purporting to be a direct obligation
franchise for the operation of the road; but it is
pre¬
cisely on that ground that the issue of the certificates
is declared invalid.
The Court holds that the mort¬
pledges something beyond the mere physical
property of the street railways.
It gives a mortgage
on Chicago streets for
twenty years, and therefore
gage
968
THE CHRONICLE.
the certificates involve the
city’s general
revenues to
that extent.
Under the
Illinois
Constitution
no
county, city,
township, school district
or other municipal corpora¬
tion is allowed to become indebted in any manner or
for any purpose to an amount, including existing in
debtedness, in the aggregate exceeding 5% on the
vidue of the taxable property therein. It was averred
in the bill of complaint that the total assessed valua•*3ti©n of all the taxable property in Chicago for the year
?1905 was $407,991,625, while the outstanding indebt¬
edness of the city aggregated $20,298,985, or almost
the full 5% allowed bv the Constitution.
The only
question therefore was whether the proposed certifi¬
cates were an indebtedness of the city within the lim¬
itations imposed by the Constitution.
The opinion
quotes from previous decisions to show that the clear
and unmistakable purpose of tlie framers of the or¬
ganic law in inserting such a limitation'in the Con¬
[VOL.
LXXXIV.
mains: Is not the property
of the city pledged or mort¬
gaged for the payment of such certificates in such
manner
of
as
to make said certificates
an
indebtedness
the
city within the constitutional prohibition?
were proposed to do were to
pledge the
property acquired and its income, there would be no
If all that it
indebtedness
within
But the Act goes
the
constitutional
inhibition.
further than that. What is to be
purchased with the proceeds of the certificates?
Clearly, not the streets of the city of Chicago on which
the street car lines are to be laid and upon which they
will be operated, says Justice Hand, for the obvious
reason that the title to these streets and the
right to
control them are already vested in the city.
The
funds derived from the certificates will go solely to
acquire the physical property of the roads, but under
the mortgage the city’s right to control the streets
is also pledged as security for the certificates.
Justice
Hand says it is too clear for argument that the use of
stitution was to effectually pfttect persons residing the streets for street-car purposes is to be mortgaged
in municipalities from the abuse of their credit and for the benefit of the holders of the certificates for a
the consequent oppression of burdensome, if not ruin¬ period of twenty years after a sale is made under fore¬
ous, taxation.
Also that the prohibition is against closure. And if the right to the use of the streets is
becoming indebted—that is, voluntarily incurring a property, then it follows that the issuance of the cer¬
legal liability to pav “in any manner or for any pur¬ tificates would create an indebtedness within the con¬
pose” when a given amount of indebtedness has pre¬ stitutional prohibition. The law is well settled in
viously been incurred. The character of the indebt¬ Illinois that a city has a property Tight to the streets
edness which the constitutional provision was intended —that it usually holds the fee.
Obviously the most
to cover is also defined.
A debt payable in the future, valuable security which the certificate holder would
it was stated in one of the earlier decisions, is obviously receive would be the right granted by the trust deed
no less a debt than if
payable presently, and a debt to the purchaser at foreclosure sale to operate the
payable upon a contingency, as upon the happening street railways which he may acquire at the sale in
of some event, such as the rendering of a service or the streets of the city for the period of twenty
years
the delivery of property, &c., is some kind of a debt from and after the date of his purchase.
and therefore within the prohibition.
As if to emphasize the importance of the decision—
If a contract
or undertaking
contemplates in any contingency a in the fact that without a franchise a street railway
liability to pay, when the contingency occurs the lia¬ property possesses no value, while granting the same
bility is absolute —the debt exists—and it differs from makes the certificates a city indebtedness—the Court
a present, unqualified
promise to pay only in the man¬ lays great stress upon that feature. It says without
ner by which the indebtedness was incurred.
the franchise the certificate holder would only have a
To be sure, it is expressly provided in the Mueller lien on the rails in the street and other
equipment
Law—and the provision in the Statute was in substance of the street railway, which would be of little value
incorporated in the ordinance providing for the issue without the right to operate said street railways in the
of the $75,000,000 certificates and copied in the cer¬ streets of the city.
But by the deed of trust granting
tificates and trust deeds—that the certificates shall to the purchasers the franchise to
operate the road,
“under no circumstances be or become an obligation the city would lose the right itself, or.
through its
or liability of the
city, or payable out of any general grantees or licensees, to use its streets for the period
fund thereof.”
But the Court points out that in the of twenty years from the date of the foreclosure sale
case of the City of Joliet vs. Alexander (194 Illinois,
for street railway purposes, and also the
compensa¬
457), which we reviewed in our “State and City ” tion which it receives as license fees or otherwise
Supplement for Oct. 12 1901, it was held that it is from the street railway companies now occupying its
not essential that there should be a right of action streets with their tracks.
The surrender of such rights
on the certificates (the certificates were water certifi¬
would entail upon the city not only the loss of the con¬
cates in that instance) against the city in order to trol of its streets for
street-railway purposes for twenty
constitute a debt where its money or property can be years, but would deprive it of
many hundred thousands
taken in payment.
of
dollars
which
would
otherwise be paid into the
The city of Joliet in that case
was indebted
up to the constitutional limit, and in treasury during that period by street railways as com¬
order to extend its water-works system sought by pensation for the use of the streets.
The decision therefore comes to this:
mortgage to pledge the income of the existing water¬
Without the
works system and a proposed extension of the same.
right to a franchise in the event of default and fore¬
But the Court held that the certificates thus sought closure, the street
railway property would be worthless,
to be secured created a debt within the constitutional and it would be
impossible to sell the certificates,
inhibition.
for they would have no value.
On the other hand,
Justice Hand, who delivered the opinion in the to grant the franchise rights as
provided in the law
and
issue
present instance, says that while it must be conceded
street-railway certificates containing such
that there is no liability resting upon the city to pay a condition is to create a
municipal indebtedness,
the street railway certificates, the question still re¬ since by such act the
city .is parting with something
Apr. 27
1907.]
valuable and
THE CHRONICLE.
depriving itself of
969
present source of of somewhat similar tenor. The report in this in¬
city has presented to it two horns stance was submitted by a sub-committee which hid
of a dilemma, escape from either of which means been asked
to investigate the
subject of what would
being impaled on the other. Justice Hand takes be the best way to
legislate on telephone matters.
occasion to point out that the Court has
nothing to do This sub-committee went into a
revenue.
a
Thus the
consideration of the
with the
policy of the municipalization of street rail¬ circumstances and conditions
regarding telephone
ways in the cities of the State. • It is its duty to enforce service
existing in the New England States and in
the provisions of the Constitution
regarding the limi¬ other parts of the country, and reached the opinion
tation of indebtedness
instrument.
it finds them written in that
The Constitution must be enforced and
as
that the best method of
treating
would be by proper legislative
telephone affairs
regulation and with
applied by the courts until its provisions are changed only one company in the field as at
present in Hart¬
by the people in the manner provided in the Consti¬ ford—that nothing is to be
gained by competition ia
tution itself.
the telephone service.
This
COMPETITION NOT THE REMEDY IN THE
TELEPHONE SERVICE.
It is
quite noteworthy how unanimous sentiment
among mercantile bodies is becoming that competition
in the telephone service is not
altogether desirable—
that if reductions in rates and good service are
sought,
these ends are more likely to be attained under the
present system than by inviting the entrance of oppo¬
sition companies. Two recent reports serve to em¬
phasize this conclusion. Early the present month a
report was made in Chicago by a special committee
which had been appointed by the Council Committee
on Gas, Oil and Electric
Light to investigate the tele¬
phone system and service in that most important
Western city. This special commission consisted of
three telephone experts, namely Professor
D. C. Jackson, William H. Crumb and George W. Wilder.
Two
telephone companies are now in operation in Chicago
—the Chicago Telephone Co. and the Illinois Tele¬
phone Co., the latter an automatic system in the busi¬
Hartford sub-committee’s report was
given
and printed in full in the “Hartford
Courant” of March 28. It contains
many interesting
facts and details. The committee first took
out to the press
up the
question of how the existing company, the Southern
New England, was
covering the field in Connecticut.
On this point it expressed the belief that the demand
for
telephone service has grown much faster than it
possible to keep pace with. It found, however,
that the company had
practically doubled its wire
mileage in the late year and actually increased the
was
number of its stations from 41,S29 at the close of
1905 to 52,476 at the close of
1906, an addition of
more than
25%, at a cost of about one and a half
million dollars.
The conclusion therefore was that
the company had pushed the extension and
develop¬
ment of the telephone service in Connecticut
1906
during
rapidly as was consistent with thorough work¬
manship and a view to permanency and best efficiency
as
and that in much of the work that had been
done,
particularly in the line of conduits and cable work, the
ness district and without
long-distance connections. future has been anticipated by provisions for immedi¬
The franchise of the Chicago Telephone Co., it
appears, ate and active growth all along the'lines where these
has only about two years to run, and in view of that have been
established.
fact a third company, the Manufacturers’
On the point whether existing rates are
Telephone
exorbitant
Co., had applied for admission, claiming that it could and whether the company’s
capitalization is excessive,
have its system completed in two years.
the answer in both cases is in the
negative. When,
The special committee referred to
reported against the Southern New England was organized, $500,000 of
the new proposal.
The committee based its judg¬ its stock went to the Bell Telephone Co. for the
right
ment
on
a
variety of considerations, but the to use the latter’s patents and franchises in Connecti¬
main points in its argument were that the
project of cut. The company has been gradually charging
the Manufacturers’ Telephone Co. was not feasible. this
amount, which has now been reduced to $113,123.
It is asserted that a plant to replace the service of The committee finds
that, with the exception of this
the Chicago Co. could not be constructed in less than
$113,123, “every dollar of capital stock represented
double the two years1 time available5? It is also as¬ has been
actually paid in, in cash, and that the enxjhe
serted the Chicago Telephone Co. has a desirable plant amount thus
paid in has been actually invested.”
in use and can furnish good service at minimum cost. Pains were also taken
to investigate the common re¬
Furthermore, it is stated that the methods of charging port that the Bell Telephone Co! has been
exacting
and the rates proposed by the Manufacturers’ Co. are onerous terms from
the Southern New
England
for
not adapted to enable the
company to give first-class the use of its instruments.
It was found that the
service and pay ordinary interest on the investment.
4H% of the gross earnings paid over to the Bell e»>:>
It was the committee’s opinion that instead of
granting cern amounted for the calendar year 1906 to $77,318,
admission to the Manufacturers’ Co., a better
plan which, with 52,476 stations, made practically SI
would be to renew the francliise of the Chicago Tele¬
per station.
On the other hand, the Bell Company
phone Co., inasmuch as control over its affairs is supplied without other charge the transmitter and
possible by two alternative means (a) to reserve to the receiver for every telephone used
by the Southern
city the right to regulate rates at certain intervals; New England, and not only
furnished them but kept
(b) to limit the net earnings of the company and to them all in repair at its own expense and
replaced there
require any excess above such limit to be paid to the with new ones whenever and wherever it was found
city.
necessary.
Certainly these items and maintenance of
About the time this Chicago committee made its
same, says the committee, cost no inconsiderable part
report, or, to be exact, the latter part of March, the of the $77,3IS which the Bell
Telephone Co. received
legislative committee of the State Business Men’s from the Southern New England.
Furthermore, from
Association of Hartford, Conn., also adopted a
report the long-distance service which tjie Southern Xew
t>?0
THE CHRONICLE.
England
able to furnish through connection with
the Bell Company the Southern New
England realized
an income
during the year 1906 of no less than $449,571. Accordingly, the committee
gave it as its opinion
“that the American Bell, instead of being an incubus
upon the Southern New England, is,as a matter of
fact, of material benefit to it, and through
its affiliation
and connections the public
is especially benefited.”
was
,
The committee
New England is
was
convinced that the Southern
pursuing a progressive policy in the
way of extending its system, and that, as to rates,
reductions will follow just as rapidly as the earnings,
less maintenance and expenses, shall warrant.
As to the desirability and advisability of encouraging
independent telephone service with a view to reducing
rates by competition, the objections, to such a course
are plainly stated.
If it be conceded, as it must, that
•capital is entitled to reasonable returns, and that in
addition to the capital invested in the existing tele¬
phone service in Connecticut much more capital is to
be invested by independent companies, then a return
must be earned on a .double capitalization.
It is
that
this
being
so,
the
urged
managers of both com¬
panies would be justified in so curtailing their ex¬
penditures for service and maintenance as to leave a
fair profit for distribution in the way of dividends.
But curtailment of expenditures in that way would
mean a detriment to the efficiency of service, an ob¬
viously undesirable result. Furthermore, it must be
admitted that good service is vastly more important
to
business
men
than
minor
reductions
in
rates.
'
[Voi.
lxxxiv.
pany, thereby making it difficult for it to get capital
necessary to install improved service and extend the
area
of its operations.
The competing
company
ordinarily installs highly efficient apparatus, but within
a limited area.
In the course of a few years its facili¬
ties are practically congested, all its capital has been
absorbed, its low rates have not provided for depre¬
ciation, it has hardly paid operating expenses, and its
financial history gives no incentive to the investment
of the additional capital necessary to extend its opera¬
tions.
The result is, in a huge degree, paralysis of
development after the first abnormal spurt due to
competition has been made. This condition actually
exists in several competing cities at the present mo¬
ment.
So far as the independent companies are con¬
cerned, the condition is certain in the near future to
become more widespread, inasmuch as the time has
arrived when all of the older independent companies
are feeling the effects of
depreciation and the necessity
of increased capital,and recapitalization is
becoming
manifest and in some cases pressing.”
Reference
might also be made to the exhaustive
examination of the question,"as it affects New England,
made by G. W. Anderson of Boston, who declared it
was the plain
duty of all sound-thinking and publicspirited citizens to oppose by every legitimate means
the admission of competitive telephone
companies.
Under all these circumstances it is not strange that the
Hartford committee should have thrown the weight
of its opinion on the same side, concluding its report
with the remark that “your committee could not fail
to be convinced by the preponderance of evidence that
the Connecticut business men as a whole were
likely
in the future to receive
more
efficient and better tele¬
Another result of
competitive telephone service would phone service by fostering and encouraging the present
portion of a community would be on one invested capital than by the introduction of competition
line of service, while the other would be on the com¬ in
telephone business of the State.”
peting line, with no possibility of intercommunication
except at the added expense which merchants and
business men would find necessary in having both AN ENGLISH AUTHORITY ON THE CHICAGO
& ALTON RECAPITALIZATION.
’phones in their places of business. To this the naive
In the issue of the “Statist” of London for
observation is added that “it is not possible to suppose
April 6 there
that competition will so reduce the rates that we can is an interview with Mr. Robert Fleming on the railroad
have two ’phones in our places of business at the same situation in this country.
Probably there is no one
outside
the
United
States
better informed as regards
price we are now paying for one.”
In the course of its investigation of the subject the railroad affairs than Mr. Fleming.
He represents
Hartford committee found that similar committees large investments in American roads, and he has in
had recently been appointed to investigate the subject the past been prominently identified with a number
not only in New York City, but in several important of important railroad reorganizations in the United
New England points, such as Boston, Springfield and States.
His statement for the “Statist” was made
Lowell.
The Springfield (Mass.) Board of Trade, upon his return from his recent visit to this
after consideration of the advantages and disadvan¬ country. After noting that there has been little or no
tages to the community of the establishment of a market for bonds for eighteen months, he expresses
second telephone system in that city, voted unani¬ the opinion that the anti-railroad crusade must remain
mously that under existing circumstances the public for some time a factor against higher values. He says
interests would be best served by one system.
The the public has been so frightened and made such large
report of the Board of Trade of Lowell, Mass., instanced losses that a big “bull” campaign in stocks is unlikely.
What most enlists our attention, however, is Mr.
the cases of several New England cities which had tried
duplicate service with either complete failure or at Fleming’s remarks concerning the Chicago & Alton
least an entire lack of benefit to the community at¬ reorganization—an old event dating back eight
years,
but which has recently been brought conspicuously
tempted to be served.
With the report made to the Board of Estimate and to view through the investigations conducted by the
Apportionment of this city in 1905 by the Merchants’ Inter-State Commerce Commission. The criticism
be that
one
Association
readers
doubtless familiar.
The
of this
reorganization he thinks has been an element
result of the findings in that case are embodied in the tending to intensify the feeling of distrust of railroad
main in the following paragraph:
policy, and unjustly so. Mr. Fleming is undoubtedly
correct in that regard.
We know of no railroad
“In another way experience has shown that com¬
transaction which has been so generally and so sweeppetition exerts a most pernicious influence upon devel¬
opment. One of the first effects of competition is to ingly condemned. And it is difficult to see why this
greatly impair the earning power of the original com¬ should be so. In its main features this reorganization
our
are
Apr. 27
did
1907.]
THE CHRONICLE.
971
differ
essentially from numerous other expenditures directly to expenses, and it remained for
reorganizations none of which have been criti¬ the accountants to determine the amount. Moreover,
cized.
high figures were paid for the old shares by the syn¬
We can explain the general expressions of disappro¬ dicate (200 in cash for the
preferred and 175 for the
bation on no other theory than that the facts are but common) on the
understanding and knowledge that
imperfectly understood or not understood at all, the intrinsic value of the property had been thus en¬
owing to the sedulous efforts that have been made to hanced through the application of earnings in the
create erroneous impressions with regard to the same.
making of capital outlays.
In the argument the present month before the
Newspaper headlines and editorial and other comment
give the impression that in this reorganization a few Commission by Paul D. Cravath, of counsel for the
leading financiers got together, secured possession of syndicate, reference was'made to’the fact that Mr.
the property, looted it, at the same time fleecing the Blackstone, the former President of the
company,
security holders, while in all the years since then the in his annual report of 1894 stated that the capitaliza¬
road has been engaged in robbing its patrons by charg¬ tion of the
company, including its bonds and all obli¬
ing them exorbitant prices for the transportation gations assumed bv it, aggregated less than 60% of
services rendered them.
Nothing could be further the actual cost of the property in its then condition.
from the truth.
The syndicate comprised not merely This was because of the
application of earnings in the
Messrs. Harriman, Schiff, Gould and Stillman, but
way mentioned] instead of their ‘distribution in the
about 100 individuals, firms and corporations.
form
of dividends to the shareholders.
None
Furthermore,
of the security holders of the original company suffered Mr. Cravath called attention to a letter of Mr. Blacka loss to the extent of a
single dollar, while as for the stone’s dated February 1899, and written at the time
road’s transportation charges, shippers in 1898, the of the contest for control of the
property between him
year before the property*changed hands, paid an aver¬ and the syndicate which finally got possession of the
age of S 3-10 mills per ton per mile for the freight property, in which Mr. Blackstone himself
distinctly
moved over the Alton’s lines, and in 190G paid an stated that in case he should remain in control he would
average of only 6 4-10 mills.
advise “the refunding of the outstanding bonds of the
in view of the general misapprehension
prevailing company and the issue of a stock dividend to repre¬
upon the subject, it seems desirable before setting out sent earnings heretofore invested in
permanent im¬
Mr. Fleming’s views to devote a little further
space provements.”
Obviously, it was the intention of Mr.
to a consideration of the points against which criticism
Blackstone himself to have the accounts re-cast, with
has been mainly leveled, though we discussed the the view to
distributing the earnings which had been
matter quite at length in our issue of March 2.
With, applied to improvements.
the facts clearly before him,the reader will be better
The investigation of the books led to the conclusive
able to understand Mr. Fleming’s remarks. The trans¬ establishment of the fact that the undistributed sur¬
actions connected with the Alton’s reorganization which
plus income at the time of the taking over of the prop¬
have been mainly called in question are: (1). The
erty aggregated $14,824,931. In this last we have
declaration of the 30% dividend (calling for $6,669,- at once the basis for the
30% stock dividend and the
180) after the new owners got control of the company sale of the new 3% refunding bonds to the stockholders
with
the view of returning to the shareholders at a
large discount. The stock dividend was a easily
a part
of the earnings which had been applied in distribution calling for $6,669,180. The earnings to
new
capital outlays.
(2) The revision of books represent the dividend having been spent on capital
and accounts so as to show the extent of these
account, the company reimbursed itself for the outlay
capital outlays paid for from year to year out by selling bonds, and used the proceeds to pay the
of current income.
(3) The sale of $37,350,000 dividend. We must presume from the letter written
3% refunding bonds at 65. (4) The creation of new by Mr. Blackstone that, in the event of his success in
securities for an aggregate so very much in excess of the contest for the control, the whole of the $14,824,931
the capitalization before reorganization.
surplus would have been distributed in the shape of
not
,
The revision of the books and accounts
appears to
be treated as a particularly heinous offence, and one of
the present officials of the
the Commission, expressed
road, in testifying before
the opinion that it was an
unheard of proceeding and quite unjustifiable.
But
what
is the
which any
dividends to the shareholders.
The
new
owners,
as
distributed only $6,669,180 in dividends, and
appropriated the balance, $8,155,751, towards meet¬
ing the greater part of the discount of 35% involved
in selling the 3% refunding bonds at 65.
But entirely apart from the application of surplus
we
see,
prudent man pursues
possession of a going concern income on the books to offset the discount on the new
or
to
acquire a large interest in the same? j bonds, these latter were issued at such a low rate of
Does he not at once proceed to have the books interest that no one could have been induced to take
and
accounts
examined
and
thoroughly over¬ them except at a discount. This discount could
hauled, and if the books have been kept in such undoubtedly have been reduced to some extent if it
a
way as to conceal important
facts, does lie had not been desired to give shareholders the benefit
not authorize the auditors and accountants to
go | of surplus income, but at no time could par have been
ahead and devise a new system, and to state results ; obtained for them.
When issued, ruling rates of in¬
in a way which will give him a correct idea of the busi- | terest in the
money market were extremely low, and
ness and profits of the concern?
The fact that the hence for a very
britjj time the bonds sold in the
old Alton management had applied large amounts of j
neighborhood of 90, enabling the holders to dispose of
earnings in the making of improvements has never a portion of them at a considerable profit; but they
been disputed.
The only question was as to the i quickly found their proper level. To-day the market
amount.
It had been the practice to charge such i
price is 75, or only 10 points above the figure at which
course
when he is about to take
972
they
THE CHRONICLE.
sold. Even at 65, the rate of return on the
investment to the maturity of the bonds is no more
were
than 4%%> and thus it will be seen that the
company
in the sale of these 3% bonds at 65
paid no high or
unusual rate of interest for the
money, but a very
moderate rate.
We come now to consideration of the
question of the
increase in the capitalization of the
company.
On
Dec. 31 1898, immediately
prior to the acquisition
©f control by the syndicate, the total
outstanding
atock and debt of the Alton Railroad amounted to
$34,574,650. Adding to this $22,500,000, for new
capital expenditures since then ($3,000,000 represent¬
ing the actual cost of the Springfield & Peoria line
acquired and $19,500,000 representing new cash raised
and put into the
property for additional equipment,
reconstruction, &c.), and the total is brought up to
$57,000,000. As against this, the total par value of
stock and bonds now
outstanding is $111,046,218.
This shows on its face a
very wide difference.
But
it must be remembered that the old
securities
acquired at their
already
were
not
value.
The stock, as we have
seen, cost the new owners almost double the
nominal value. The bonds and guaranteed
par
par or
stocks also commanded
the nominal
a
premium.
In other words,
par value is no index of what the prop¬
cost
or
what
erty
had to be paid for it. Obviously, in
the re-capitalization account had to be taken of mar¬
or
ket values and not of par values.
) - Contrary to general belief, the managers of the
syn¬
dicate when they undertook the
reorganization of the
property had no easy task before them. They had to
[VOL.
$22,500,000 oh
property,
We
new
are now
capital has been put into the
have
as we
LXXXIV.
seen.
prepared for Mr. Fleming’s
comments
and remarks. Mr. Fleming pointed out that he him¬
self was a member, and so were
many others abroad,
of the syndicate which purchased the
and which represented
Chicago & Alton
practically all the stock of the
company. Though its members had nothing to do
with the scheme of
re-capitalization, that syndicate
got the benefit, he says, of past earnings which had
been withheld from the stockholders and
put into the
property as well
the profit on 3% bonds bought at
doubling of the capital stock. What does
the reader imagine were the
profits of the syndicate?
Let Mr. Fleming answer in his own words.
“The
whole profit of the syndicate (which
implied a lock-up
for twenty months), after
charging the account with
as
65 and the
interest, was only 8% on the money—about 5% per
annum—nothing very extraordinary, surely. We sold
our bonds and stocks at the
high prices then prevailing
for everything.
Had the bonds and stocks received
been held till
now
there would have been
heavy loss.”
points out that the assent of both Houses of
Parliament in England has more than once been
given
to operations by which the
Ordinary stock of English
a
He also
railroads has been converted from £100 of
stock into £100 of preferred Converted
bearing
Ordinary
Ordinary,
a low rate of dividend, and £100 Deferred
Converted Ordinary, thereby
doubling the amount of
the original stock. He well
says there is no essential
difference between that operation and the
Chicago &
Doubling the capital does not double
provide for raising a large amount of cash in order to the value.
Chicago & Alton preferred is quoted to¬
bring plant and equipment up to modern standards. day at 59% and the common at
16%. In England
The sum was originally estimated at
$6,000,000, but, the idea was that the conversion gave in the preferred
as we have
already seen, $19,500,000 was actually a medium for the less speculative
part of the com¬
Alton
plan.
needed for the purpose aside from the
for the Springfield-Peoria
line,
$3,500,000 paid munity and in the Deferred Ordinary for the more
making $22,500,000 speculative, it being thought that the two things
of new capital required.
This was in addition to the would sell in the market for
something more than the
large original outlay in acquiring the property at 200 undivided stock. That
idea, he is prepared to admit,
for the preferred and 175 for the
common.
Pro¬ has now been largely exploded as iar as the Alton is
vision had also to be made for the
refunding of the concerned, and in that sense the doubling of the stock
old debt of the Alton, then about to
mature.
It was was a mistake.
But in any event it
not increase
likewise essential that fixed and
preferred charges
should not be materially
enlarged, as the country was
does
the
revenue
one
cent.
He refers to the
case
of the
Midland
Ry., whose Ordinary was thus increased
only just emerging from a long period of business de¬ from £38,000,000 to
£76,000,000; but that line cannot
pression. To attain these various ends it was deter¬ on that account
get from freight or passengers higher
mined to create low-rate
obligations; the refunding rates and fares than the London & North Western.
bonds carry only 3% and the prior lien bonds
Mr. Fleming is also led to
33^%,
say that in condemning
and even the preferred stock no more
than 4% non- watered capital the American
public is led by theor¬
cumulative.
With the interest return so
low, the ists. If a law prohibiting the issue of stock ex¬
volume of securities to be issued
necessarily had to be cept for par in cash had existed in this country in the
correspondingly increased. It is to be remembered, past, many of what are
now_ large systems, he obfurthermore, that the $19,542,800 of‘new common serves, would never have been
built; and if in the
stock put out in reality
represented only a nominal future the capital of railroads is to
represent no more
addition to capital.
No dividend has ever been paid than the money spent, it follows that no new
railroads
on it and it sells
to-day in the market at only 16 for will be built unless by
existing dividend-paying sys¬
$100 share.
every
tems.
After all the real test is
as
To
our
to how the
mind this last involves
the*real, the
yearly pay supreme danger connected with the present agitation
ments after and
before reorganization
compare. against allowing railroads to issue new securities except
Notwithstanding the great increase in the volume to represent the actual cash cost of new work. Such a
of securities put out, the fixed and
preferred charges policy might not work insufferable harm in the older
were
not added to in any
great amount.
Including
sections of the
country—in New England and the
the newpreferred shares, total Middle States,
already well supplied with railroad
payments in 1906 for interest and dividends were
facilities; but what of the remoter parts of the coun¬
$3,228,864. Ten years before, in 1896, interest and try—the West, the
South, the Southwest, the Pacific
dividendfpayments were $2,933,618, and since then Coast? Will not such a policy remove all inducement
the4% dividends paid
on
roads in sparsely settled
communities? And will not the cessation of new rail¬
road building mean a check to the wonderful develop¬
ment of these remoter sections which has been such
a striking feature in their recent history?
for the construction of new
ITEMS ABOUT BANKS, BANKERS AND
—The
TRUST CO.’S.
public sales of bank stocks this week aggregate 132
shares, of which 100 shares were sold at the Stock Exchange
The transactions in trust com¬
and 32 shares at auction.
pany stocks were limited to the sale at
10 shares each of stock of the Trust
as
Carnegie Trust Co.
against 225 at last week’s auction.
BANKS—New York.
Shares.
auction of two lots of
Company of America
For the latter 235% was
and of the
paid,
170
High. Close.
172
172
Last previous sale.
April 1907— 170
235
235
Nov.
Low.
xlOO Commerce, Nat. Bank of-.
32 Mercantile Nat. Bank
235
1905— 270
TRUST COMPANIES—New York.
10
'
x
235 *4 235 % 235 H April
732 H 732 ^ 732 H April
Carnegie Trust Co
10 Trust Co.
of America
Sold at the Stock
973
THE CHRONICLE.
1907.]
Apr. 27
1907— 225
1907— 745
Exchange.
—Pueblo, Colorado, was designated a reserve city on the
16th inst, under the Act of March 3 1887 as amended b}' the
Act of March3 1903.
Exchange membership was reported
The last previous sale, reported
at $78,500.
maintain
perfect and full accord with their friends and
patrons, the merchants of St. Louis, and as a recognition of
the invariable courtesy that has characterized their relations
with
banks.”
Petitions to reduce the charges had been
presented to the banks by the merchants and business men
or six years, according to the
“Globe-Democrat”; the present negotiations were opened
more than a month ago with a committee representing the
merchants.
Their argument was that the old schedule was
based on collection charges in the smaller cities in force
twelve years ago; that these had since been lowered and
that the St. Louis banks could make a corresponding reduc¬
tion without losing money.
—“Bills of Lading in Inter-State Commerce” was the
theme of an address made by Thomas B. Paton, Editor of
the Banking Law Journal of this city, before the Arkansas
Bankers’ convention at Little Rock yesterday.
Mr. Patoh
went fully into the subject, bringing out the weak points in
bills of lading as governed by existing laws.
In the course of
his remarks he referred to the bill of lading measure drafted
in 1906 by the Bankers’ Committee and introduced in Con¬
gress last December as an amendment or addition to Section
20 of the Hepburn Rate Bill, enacted last June.
Under this
latter section the carrier is required to issue a receipt or bill
of lading for property receivedforJnter-State transportation,
several times in the last five
—A New York Stock
and the initial carrier is made liable to the holder of the bill
sold this week for $79,000.
Clearing House, which are to be acted on at the nex;
meeting of the Association, were not correctly stated in this
column last week.
It is not usual for the Clearing House
to make public proposed amendments until after their adop¬
tion, but to avoid further misunderstanding the correct
wording of the proposals, as noticed for adoption at the
meeting on April 12, has now been given out. We print
loss, damage or injury to the property not
only when caused by such initial carrier, but when caused by
any subsequent carrier.
The new^measure proposed, Mr.
Paton points out, does not seek^to codify the entire law
governing the issue, transfer ^adredemption of bills of lading,
but is confined to those points of regulation which the bank¬
essential.
ers deem
The general object of the proposed
amendments is, he states, to provide by national law a
distinctive inter-State order of bill of lading with precise
definition of the title and rights acquired by a bona fide
them herewith:
transferee for value and of the duties and liabilities of the
Banks acting as redeeming agents for other institutions not members
of this Association shall keep and maintain in their own vaults a cash re¬
serve of net deposits equal to the highest percentage of reserve required
bv law of any member of this Association.
No member of this Association shall send or pay through the ex¬
(2)
changes checks or other Items drawn on banks, bankers or trust companies,
not members of this Association, by customers thereof in Greater New York,
and made payable at a Clearing-House bank, unless the same shall first
be accepted and made payable at a Clearing-House bank by the bank,
carrier, having due regard to the nature of the business, the
last week, was
—The two amendments to the constitution of the New
York
(1)
of lading for any
safety of the banker who loans upon such documents, and
the relation and rights of the carrier.
The committee which
drafted the bill does not, of course, claim that this is a perfect
measure, or that it cannot be improved upon; it solicits the
banker or trust company upon which they are drawn.
This provision
aid of bankers in the different sections of the country, and to
shall also apply to non-members making exchanges through members of
this Association.
this end asked for the appointment of a committee of three
It will be observed that the first of these amendments,
from the Arkansas Association to co-operate with other State
instead of being a requirement that non-member banks bodies and the American Bankers’ Association, and to assist
must hold a cash reserve of 25% as had been supposed,
in procuring the necessary Congressional legislation.
provides that banks acting as redeeming agents for other
—On Monday of this week the Chemical National Bank
institutions not members of the Association shall keep a of this
city began business in its handsome new home,
reserve to that extent.
The second amendment is aimed erected on its former site at 270
Broadway. This old insti¬
at the practice pursued in many instances by those having
tution has now one of the most complete banking houses in
accounts at banking institutions outside of the Clearing
the country.
The main room is 70 feet wide by 170 feet
House to draw checks on these institutions and stamp them
long, and is 85 feet high, surmounted and lighted with a
as payable at some Clearing House or non-member bank.
magnificent stained-glass dome.
Four allegorical figures
Hereafter such checks can only pass through the Clearingappear in the corners below the dome, representing Ceres,
House if stamped as payable at a Clearing-House bank
Boreas, Helios and Neptune, typifying the earth, air, fire
by the bank, banker or trust company upon which they are and water of ancient chemistry. Green, veined white and
drawn.
variegated Italian marbles are used extensively throughout
There is also a third amendnient proposed.
This defines the building.
the make-up of the different items in the weekly bank state-'
bo merger of the Colonial Trust Company, 222 Broad¬
ment.
It is as follows:
way,
with the Trust Company of America, 135 Broadway,
Add to Section 10:
The several Items of the weekly statement are to comprise the following:
this city, went into operation yesterday.
The stockholders
Loans and Discounts—Loans, Discounts and stocks and bonds and mort¬
of both companies met last Thursday and ratified the di¬
gages owned by the bank.
Specie—Gold and silver coin. United States and Clearing-House gold
rectors’ agreement effecting the consolidation as outlined
certificates and United States sliver certificates.
—
Legal-tender Notes—United States legal-tender notes of all issues.
Circulation—Amount outstanding.
Deposits—Gross deposits and unpaid dividends, less exchanges for the
Clearing-House, amounts due from other banks for collection, notes of
other banks and checks on non-clearing institutions in tills city.
The
and
Clearing House has
therefore it
will be acted
—A
cannot
no fixed dates for its meetings,
be stated when the amendments
schedule of collection charges
St. Louis
under the
new
schedule the old collection rates in force
cut down
Presi¬
Clearing House,in announcing the
adoption of the new charges, states that “the action was not
taken without realizing that it involved some loss to the
banks, but it was the expression of their earnest desire to
since 1895
are
dent w. H. Lee of the
The Colonial
Company’s
offices in the St. Paul
Building will henceforth be known as
the “Colonial Branch, the Trust Company of America.”
The headquarters of the Trust Company of America at 135
Broadway and its branch office at 36 Wall Street will be
continued until the consolidated institution’s fine
on.
adopted by the
Clearing House Association on the 10th inst. will
go into effect next week—May 1.
In commenting on the
changed rates, the St. Louis “Globe-Democrat” notes that
new
several times in these columns.
an
average
of about 20%.
new
bank
Wall Street is completed.
Douglas, an assistant loan clerk of the Trust
Company of America, and Oliver M. Dennett, a broker,
acting as his accomplice, were arrested this week for stealing
a large amount of securities from the company’s vaults.
They were committed to jail in lieu of $10,000 bail to await
building
W.
trial.
on
O.
The*exact amount of the securities taken has not been
After a meeting of
Oakleigh Thorne,
President, stated “that the maximum Jloss cannot exceed
disclosed, but part has been recovered.
the Executive Committee
on
the 23d inst.,
974
THE CHRONICLE.
SI40,000,and if the
contention of
that the stolen bonds
or
our
counsel is sustained
dividend of 6%, free of tax,
payable May 1 to stockholders
April 25. They also added $250,000 to surplus,
their
proceeds may be recovered from
those to whom they were
delivered, the company wall lose
nothing.” The consolidated company has a capital of
$2,000,000, surplus of over $10,000,000 and deposits be¬
tween $65,000,000 and $70,000,000.
—The Greenwich Bank of this
city has declared
a
[Vol. Lxxxiy.
of record
making that fund $3,000,000. The half-yearly distribution
increased from 5 to 6% last November.
was
—It is reported that the name of the State
Trust & Secur¬
ity Company, now organizing in Philadelphia, has been
changed to the Belmont Trust Company. The new institu¬
tion, as stated Dec. 29, is to locate in West Philadelphia
semi¬
annual dividend of
5%, payable May 1, making the annual
on
rate 10%.
This is the 104th dividend paid by this insti¬ Baltimore Avenue in the
49th
Street.
The
vicinity
of
au¬
tution and is an increase over the rate
paid in 1906, which thorized capital will be $250,000, one-half of -which will
be
was
8%. In 1905 7% was paid, previous to which 6% had paid in.
been the yearly rate for a
long time.
—An exquisite example
of the typographers’ art is fur¬
—The Washington Trust
Company at 280 Broadway, this nished in a book, both original and tasteful in
design, issued
city, will move about June 1 to its new offices on the first by the Bank of
Pittsburgh,
N.
A.,
at
Pittsburgh.
One of
floor of the Postal
Telegraph Building, 253 Broadway.
the striking features of the newest
publication
is
the repro¬
—The Fourteenth Street Bank of this
city, as noted last duction in colors of two mural paintings. As may be in¬
week, will, beginning Monday next, cleaF all transactions ferred from the title of the
book—“The Bank Historical”—
through the New York'Clearing House, of which it has
the work reviews the institution’s
lately
history, and also, at con¬
been elected a member.
The institution commenced busi¬ siderable length, that of the
city. Many illustrations adorn
ness in 1888, and'foUa^number
of years was located at 3
the book—some
picturing the bank’s quarters, others bearing
East 14th Street, oneYloor from its
present site.
Five years on the city and serving to ’indicate its
development. The
ago the building on the northeast corner of Fifth Avenue and
progress of nearly one hundred years is covered in the work.
14th Street was
purchased and fitted up with commodious The bank was organized in 1810, when
Pittsburgh had less
banking offices and spacious safe deposit vaults. Two than 5,000 inhabitants.
Up to that time, we are told, there
branches arc also
maintained—the Gansevoort Branch, at
Ninth Avenue and
14th\Street, and the East Side Branch, at
Avenue A and Second Street.
The last-named branch will
remove
this
about the middle of
being
tomers.
had
at
In 1901 the bank’s
were
increased in 1905
found to exist.
Proceedings
to
the full amount
recover
brought against the Prentice (‘state by Receiver John
Davenport who is also reported to have recovered $32,000
S.
,
from the Ahlman estate.
—S.
Bayard Dod, President of the First National Bank
Hoboken, N. J., died on the 19th inst.
Mr. Dod was
sixty-eight years of ago, and is reported to have been the
of
oldest trustee of Princeton
—At
University.
regular meeting of the directors of tlie? National
Commercial Bank of Albany, N. Y., on the 19th
inst, Jacob
H. Herzog was appointed an Assistant
Cashier.
a
—The New Britain Trust
representing
a merger
Company of 'New Britain, Conn.,
of the Mechanics’ National Bank
and
the Hardware
City Trust Company, commenced business on
Monday the 22d inst. The consolidated institution, as stated
March 9, has a capital of $200,000, and is
officered by W. E.
Attwood, President; L. Hoyt Pease and Charles M.
Jarvis.
Vice-Presidents; Frank G. Vibberts, Treasurer; and II. B.
Boardman, Secretary.
—A meeting of the stockholders of the
National Exchange
Bank of Providence, R. I., will be held on
May 20 to act on
a
proposed change in the par value of the stock from $50 to
The report that the capital of the bank is at
the same
time to be increased is,
according to the “Providence Jour¬
nal.” officially denied.
The bank is controlled by the
Union Trust Company of Providence.
-—Charles W. Kellogg, President of the
Berkshire Loan A
Trust Company of Pittsfield,
Mass., since 1$9S. died on tin1
19th inst. in his sixtieth
year.
—'the
directors of the
Philadelphia National
Philadelphia.^Pa.^orTTlm 24th]|i
st. declared
a
Bank
of
Temi-annual
bank west of the
a
Allegheny Mountains,
Philadelphia institution was located
The organization of the bank had
scarcely
when
new
an
Act
banks
of
the
Legislature made the
practical impossibility, and it
a
forced to
change its name to the Pittsburgh Manufac¬
turing Company and limit its operations somewhat to come
within the bounds of the law.
ing law
was
passed,
a
charter
Four years later a
granted and the
was
Manufacturing Company again became
new
bank¬
Pittsburgh
the Bank of Pitts¬
burgh.
At the time of the financial panic of 1837, a
year of
many failures, banks all over the
country suspended specie
payment.
The Bank of Pittsburgh, in common with all
other banks of the
city, was prevailed upon to sign the
formal resolution
suspending such payment; but it reserved
the right to continue to meet its
obligations in gold, and the
minutes ( f the directors’
meetings show that in all that trying
time it
never did
actually suspend specie payment. In 1899,
having been a State bank for almost
ninety years, the
Bank of Pittsburgh became a national
institution, the Gov¬
ernment allowing it to retain its old
name with the addition
of the words “National
Association.” In 1903 the Iron City
National and the Merchants’ &
Manufacturers’ National
after
Banks
were consolidated'with the Bank
of Pittsburgh, placing
it among the
leading banks of the State. During the ninetysix years of its existence the
institution has had but seven
presidents.
The present
incumbent, Wilson
A. Shaw,
was
chosen to the office in
1903, when the consolidation of the
three banks was effected.
Joseph R. Pauli is Vice-President.
—William R. Christian, Cashier of the Lincoln
National
Bank of Pittsburgh, Pa., died on the
22d inst. in his
fiftyfirst year.
—John Meckes,
Vice-President of the United Banking
Savings Company of Cleveland, and also of the Forest
City Savings & Trust Company of Cleveland, died in
Rome,
Italy, on the 21st inst. Mr. Meckes was a member of the
a
&
Cleveland Chamber of Commerce and of the
Chamber of
Industry. He was sixtv-four years of age.
—Articles of
$100.
-—The directors of the American Trust
Company of Boston
(formerly known as the American Loan A Trust) on Wednes¬
day elected Russell G. Fessenden as President. Since Janu¬
ary, when the former executive, N. W. Jordan, was
elected
Chairman of the board, T. JeflVrson
Coolidge Jr. had been
fulfilling the duties of President, having agreed to
accept
the post until the election of a
permanent head..
a
branch of
Pittsburgh.
was
to
were
been
establishment of
cus¬
capital was but $100,000; this
$500,000, and on January 1 of this
year to $1,000,000.
B. Ross Appleton has been-the Presi¬
dent for the last five years, and to his
progressive spirit,
liberal management and superior executive
ability tin.* growth
and development of the bank are
largely due.
—A verdict of $183.000'was returned
by a Supreme Court
jury at Richmond, S. I., on the 19th inst. against the estate
of the late August Prentice. President of
the Bank of Staten
Island, at Stapleton, which was placed in receivers’ hands
in January 1904.
Following the bank’s elosing^as a result
of the suicide of Cashier Otto
Ahlman, large discrepancies
was
a
been perfected
May to 345-347 Grand Street,
a more convenient location for its East Side
never
although
incorporation for
the Anchor Bank A Sav¬
ings Company of Cincinnati have been filed. The institu¬
tion will have a
capital of $50,000 and, according to the Cin¬
cinnati papers, will cater
principally to the foreign element.
It is stated that the name “Anchor”
has been chosen not
only
because of the ideas of
solidity and safety it suggests, but’
also because it is
spoiled very nearly alike in all languages,
and its meaning will thus be
impressed easily on the
population.
Frank L. Pfaff is
Landesco will be
at
foreign'1
to ,bc
President and A. A.
Secretary and Treasurer. Mr. Landescq is
present Secretary to Mayor Edward J.
Dempsey, and will
continue in
that office until the end of the
year,
will give his sole attention to the
new institution.
when he
—If present
take
plans mature, another bank consolidation will
place shortly in Toledo. The National Bank of Commerce
and the National Bank of Toledo are
the institutions involved
in the latest combination to be
announced.
The details of
APR. 27
the
1907.1
THE CHRONICLE
proposed consolidation have not yet been fully perfected.
“Legislative Tendencies,” and John M. Allen of Tupelo^
Miss., on “The Relation of Banks to the Public.”
on
But it is said that arrangements have progressed far enough
to indicate that it will more than likely be consummated. It
is understood that the National Bank of Commerce will be
retained as the name for the consolidated institution, and
that S. D.
975
—The stockholders of the Olive Street Bank of St. Louis
at
meeting on Tuesday approved a proposition to increase
capital from $100,000 to $300,000. One-half of the pro¬
posed issue will go to present shareholders and the balance
to new interests.
The selling price of the new stock will be
$130 per share of $100.
a
the
Carr, the present head of the Commerce, will
capacity. As enlarged, the bank will have
a capital of SI,000,000 and
surplus of about $200,000. The
present National Bank of Commerce has a capital of $500,000
—C. S. Jobes, who is reported to have
disposed of all but
and the National Bank of Toledo a capital
of $300,000. The a nominal interest in the American National Bank
of Kansas
combined deposits of the two banks exceed $5,000,000.
The
of which he was President, has been elected ViceNational Bank of Toledo was formerly the Holcomb National City, Mo.,
President of the Pioneer Trust Company of Kansas City to
Bank, its name having been changed in 1905.
succeed F. C. Miller.
J. S. Parks will replace Mr. Jobes
—The Commercial Bank of Evansville, Ind., increased as
head of the American National.
John Worthington,
its capital on April 1 from $50,000 to $75,000.
The proposi¬ a Vice-President of the latter, is also said to have
disposed
tion was ratified by the stockholders in
March, and the new of his holdings in the bank.
issue* sold at $110 per share, the
premium being placed to the
—The Commercial & Savings Bank of Macon, Ga., imits
surplus fund, thereby increasing it to $50,000. The addi¬
statement of March 22 1907, shows deposits of
$852,802, as
tional stock was taken by new interests, the old stockholders
compared with $764,956 in 1906 and $546,356 in 1905;
having waived their rights to the same. The bank began
the surplus and undivided profits are now reported as $58,business on March 10 1906.
Its officers are John M. Funke,
655, against $46,883 in 1906 and $34,417 a year earlier. The
President; Gustave A. Hartmetz, Vice-President, and Louis
capital
is $50,000 and the aggregate resources are $961,457.
E. Fricke, Cashier.
E. J. Mallary is President and J. J. Cobb is Cashier.
continue in that
—The directors of the Commercial National Bank of Chi¬
at their weekly meeting on the 19th inst. adopted
fitting resolutions on the death of President James H. Eckels:
cago
Action toward
electing a successor to the late President was
The board, however, created the new office of
Chairman of the Executive Committee, and Franklin Macdeferred.
Veigh, senior member of the directorate, was elected to fill
the post.
The bank’s policy, it is said,will continue thej same
as
under Mr. Eckels’s management,
the creation of the
being simply part of the plan adopted when the in¬
creased capital was decided upon.
The additional capital,
$1,000,000, has been paid in, increasing the amount to $3,000,000 and the surplus to a like sum.
—President Abner Smith and Vice-President Gustav F.
Sorrow, of the failed Bank of America, Chicago, on the 19th
inst. were adjudged guilty of
misappropriating the funds
one
to five years
$1,000 each. Jerome V.
Pierce, the Cashier, was also found guilty and fined $500.
In the case of Frank E. Creelman, a director, who had been
an extensive borrower from the
institution, a verdict of not
guilty was returned. Motion for a new trial has been made
by counsel for the defendants. The bank closed its doors
Feb. 15 1906.
—In the
case
resignation of Maurice Walton as President of the
Bank of Augusta, Ga., is announced.
W. J.
Hollingsworth, heretofore Vice-President, has been chosen
to fill the vacancy until the next annual election.
Charles
T. Pund, a director, has been elected Vice-President.
—At the annual session of the Louisiana Bankers’ Associa¬
tion, at Shreveport,
was
new
office
of the bank and sentenced to a term of from
in the penitentiary and a fine of
—The
Merchants’
of the Milwaukee Avenue State Bank, Chi¬
which failed about a year ago. Judge Brentano, of the
Superior Court, has allowed Receiver Fetzer $20,000 for his
services and $20,000 for attorney’s fees.
The total claims
against the bank were about $4,700,000, of which 70% has
cago,
can
Metropolitan State Bank has been organized in
Minneapolis with a capital of $100,000 and surplus of $10,000.
The
projected bank will be managed by George C. Merrill,
President; M. R. Waters, Vice-President, and V. H. Van
Slyke, Cashier. It is to open shortly in the former quarters
of the Security Bank in the
Metropolitan Building.
—The Mitchell Street State Bank of Milwaukee commenced
business on the 18th inst. at Mitchell Street and Second Ave¬
nue. The new institution was
organized last
August. Its of¬
ficers
Valentine Zimmermann, President; Sylvester J.
Wabiszewski, Vice-President, and J. F. Edgerton, Cashier.
—The program to be presented at the annual convention of
the Missouri Bankers’ Association, to be held at Kansas
City
are
May 22 and 23, has been completed. Addresses are to
be made at the meeting by U. S. Treasurer Charles H.
Treat,
who will devote himself to “Some Comments on the
Opera¬
tion of the Aldrich Law”; Prof. James T.
Young, director
of the Wharton School of Finance and
Commerce, Phila¬
delphia, who will speak on “Financial Depression, Political
Agitation and the University”; E. L. Copeland, Treasurer
of the Atchison Topeka & Santa Fe
Ry., on “Prosperity a
Problem for Railroads”; L. A. Goddard, President of the
Fort Dearborn National Bank of Chicago on
“Capital, and
Conscience”; George E. Allen, Secretary of the American
Institute of Bank Clerks, on “Second-hand
Experience”;
OsearJWellSjJCashieFof^the Fort Worth (Tex.) National Bank.
on
Bankers’ Association with reference to
a
uniform and
negotiable bill of lading for inter-State shipments. A com¬
mittee, consisting of Sol. Wexler, Vice-President of the
Whitney-Central National Bank of New Orleans, Charles
Janvier, Vice-President of the Canal-Louisiana Bank & Trust
Company of New Orleans, and W. J. Bayersdorffer, has been
appointed to co-operate with a committee of the American
Bankers’ Association in securing legislative aid for the enact¬
ment
of such
association
a
bill.
The
new
officers of the
Louisiana
President, Charles Janvier; Vice-President,
Peter Youree, Vice-President of the Commercial National
Bank of Shreveport; Secretary (re-elected), L. O. Broussard,
Cashier of the Bank of Abbeville, La.; and Treasurer, L. M.
are
Poole..
—The Ouachita National Bank and the Monroe National
Bank of Monroe, La., were consolidated on the 20th inst.
under the title of the first named institution.
The
enlarged
capital. The officers are T. E. Flournoy,
President; F. G. Hudson, Vice-President; O. B. Morton,
Cashier; J. T. Austin, Assistant Cashier.
bank has $200,000
—The Hunter-Phelan
been settled to date.
—The
the 17th and 18th inst, a resolution
adopted endorsing and approving the action of the Ameri¬
on
r
Savings Bank & Trust Company of
Fort Worth, Tex., is now operating under its new title of
the
in
in
Waggoner Savings Bank & Trust Company. The change
incident to the acquisition of controlling interest
the institution by W. T. Waggoner, the new President,
name was
and his associates.
—The Colorado Bankers’ Association will hold its annual
gathering
on
June 27 and 28 at Fort Collins.
—May 16, 17 and 18 have been selected as the dates for
the annual convention of the California Bankers’ Association.
The meeting will be held at Santa Barbara.
—The annual meeting of the Oregon Bankers’’Association
on June 14 and 15.
is to be held at Portland
—Under the
of the Union
Exchange Bank, a new
opened for business in Los Angeles at
name
financial institution
Ninth and Main streets
on
the 15th inst.
The authorized
capital of the bank is $100,000, of which $50,000 has been
paid in. The par value of the stock is $100 per share. C. J.
Goodenow is President; B. L. Vickory is Vice-President, and
Guy H. Wood is Cashier.
IMPORTS AND EXPORTS OF GOLD AND SILVER AT
SAN FRANCISCO.
us
The Collector of Customs at San Francisco has furnished
this week the details of imports and
exports of gold and
through that port for the month of March, and we
give them below in conjunction with the figures for preced-
silver
^
976
THE CHRONICLE
[VoL.
IiXXXIV.
ing months, thus completing the results for the nine months drawals for New York which made it
necessary to protect
of the fiscal year 190G-07.
The imports of gold were of the reserve of the Bank of England. When New York
strictly moderate volume, reaching $127,5S3, all bullion withdrew from competition it was recognized that all serious
was over.
As a matter of fact, the Bank has during
and gold in ore.
Of silver there came in $208,274, mainly danger
the week ended Wednesday
night increased its stock of gold
bullion and silver in ore.
During the nine months there was by £1,115,931, the total stock now being £34,345,713.
received a total of $13,740,816
gold and $2,744,229 silver, The general opinion is that all the gold offering in the mar¬
ket will be taken by the Bank for some time to
which compares with $2,180,311 gold
come, and
and $1,886,363 silver
that,
therefore, it will rapidly increase in strength. The
in 1905-06.
The shipments of gold during
February were Imperial Bank of Germany will
not venture to
nil, and the exports of silver were $3,995 coin. For the nine make a change for some weeks. probably
At the end of March the
months the exports of gold coin reached
only $16,735, against note circulation of the Imperial Bank exceeded the legal
$5,401,119 in 1905-06, and $1,644,606 silver was sent out, maximum by over 20 millions sterling. In the first week
of March the return of notes was so
large that the excess was
against $8,677,546 in 1905-06. The exhibit for March and
brought down to about half of what it was on the preceding
for the nine months is as follows:
Saturday. If notes continue to flow back as rapidly as that,
in a week or two the whole excess will have
IMPORTS OF GOLD AND SILVER AT SAN
disappeared,
FRANCISCO.
.and then the general impression is that the
Imperial Bank
of Germany will follow the
example of the Bank of England.
Gold.
Silver.
That the latter has been able to take the
Months.
step is mainly due,
Coin.
Bullion.
Total.
Coin.
of course, to the
Rullion.
Total
promptitude with which Mr. Cortelyou
has
1906-07.
$
5
July
i
August
4,187,090
1,780
September
October
November
December
5.051,046
1,459,950
932
733,796
25
January
February
409,271
408,437
147,945
238,915
270,030
287,457
218.546
198,013
$
409,271
4,595,527
149,725
5,289,961
1.729,980
288.339
952,342
198,038
127,583
$
.
March
127.583
Lv
Total 9 months.. 11,434.619- 2,306,197
13,740,846
EXPORTS OF GOLD AND SILVER
S
174,189
356,370
26,303
255,321;
4,746
31,960
37.080
52,700
33,176
2,555
313,186
209,603
324,735
252,327*
174 1S9
356 370
281 624
282,809
-317,932
241,563
361,815
305,027
315.985
205,719
208,274
^ISS.520 2,374,259 2.562,779
FROM
SAN
Gold.
Coin.
Bullion.
j
!
$
$
1906-07.
July
$
1,055
1,055
August...
September.
October
November
December
January
February
Total.
3,460
1,150
1.470
2,080
2,420
500
2,600
500
1,500
S
5,540i
3,570
1.470:
3,100
500
1,500
March
1
Total 9 months..
J*
3,228
1,315
; 56,450
87,068
134,84S
249,S03
276,442
3.995
(Bullion.
s
419,762
116,000
94,000
67,000
67,000
27,476
greatly.
The Board of Trade returns for March, as will be seen
from the tables below, continue to show most
satisfactory
increases.
The value of the imports for the month was
£57,738,731, an increase of £4,477,401, or 8.4% over the
corresponding month of last year. The value of the exports
of British and Irish produce and manufactures increased
£3,071,872, to £34,723,034, or 9.7%. The value of the re¬
was £8,110,260, an
The value of the imports
in the first quarter of the year increased
11%; the value of
the exports of British and Irish
produce and manufactures
increased 11.7%, and the value of the
re-exports increased
15.6%.
The India Council offered for tender on
Wednesday 70 lacs
of its bills, and the applications exceeded 660
lacs, at prices
ranging from Is. 4 3-32d. to Is. 4 3-32d. per rupee. Appli¬
cants for bills at Is. 4 3-32d. and for
telegraphic transfers
at Is. 4 5-32d. per
rupee were allotted about 10% of the
increase of £S33,S63, or 11.6%.
Silver.
Coin
very
exports of foreign and colonial produce
FRANCISCO.
!
Months.
put in force the Aldrich Act. London has watched his
with much interest, and his
reputation here has risen
course
Total.
422.990
1,310
172,450
181,060
201,848
107,219
277,279
276.442
3,995
amounts
applied for.
The
9,635
7,100
16,735
853,368
791,238 1,644,606
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, Ac.,
compared with the last four
1907.
April 10.
ffcXou ctai'iji (Co mm cvTia VITu glislt 2Tcws
(From
our
Circulation
own
28,771,900
9,101,645
48,568,233
Governm’t securities 15,447,423
correspondents
The reduction of its rate of discount by
the Bank of Eng¬
land this week has produced a
very much better feeling at
home and abroad, but up to the present time it has not much
increased the amount of business.
There is, indeed, some
improvement in business, but
as yet it is slight.
The gen¬
expectation amongst the most capable observers is that
we shall see much more active markets before
long, with a
rising tendency, but that for the time being the outside public
is holding back, firstly, until it is known what the Chancellor
of the Exchequer will
propose in his Budget statement,
which, it may be added, will be made on Thursday next.
Secondly, the public is waiting for a clearer explanation of
the policy of the new Government in the Transvaal.
So
far as that policy is understood, it has made a
favorable im¬
pression. But before active buying begins, a little more
light is desired.
eral
Over and above
this, the public' is not yet quite satisfied
that the liquidation is ended in New York.
And, in the
last place, there is some
apprehension that speculation has
been carried much too far in
dor
Germany.
When the
new
In Paris there is
a
French Ambassa¬
received
by the German Emperor the other day
the latter made an address which has
given much satisfaction
in Paris.
Also, there are strong hopes that in spite of occa¬
was
sional hitches the Russian Government and tlie
majority
of the Duma will come to an
arrangement.
There has already
been a considerable rise in Russian
securities, and the general
belief is that the rise will be continued.
As the week draws
to a close the Paris Bourse has
given way somewhat because
of the fall in copper, but the best
opinion is that the decline
will prove very
temporary. The reduction of the Bank of
England rate, too, has encouraged the hope that the Bank
France will put down its rate of discount before
long
and generally upon the
Continent, as well as in London,
the expectation is that we are now
entering upon a period
of comparatively
cheap money which will last for several
of
months.
The directors of the Bank of England on
Thursday last
lowered their rate of discount from
5% to ‘l>o%- As soon
as the gold bought
for New York jin the previous week was
re-sold to the Bank of
England, the city generally jumped
to the conclusion that the Bank of
England rate would
have to be put down.
It was the fear of large gold with¬
Other securities
Reserve, notes <fecoin
1904.
1903.
£
April 13.
£
April 15.
£
28,682,005
10,402,156
41,421,239
15,445,306
26,675,206
27,515,436
37.707.441
10,145,721
44,658,624
16,112,581
32,307.687
24,200,860
35,011,655
34.965.151
25,134.744
Coin&bull.,both dep 35.45G.644
Prop, reserve to liabilities
Bank rate
1905.
April 12.
29,260,795
Public deposits
Other deposits
LondonSaturday, April 13 1907.
decidedly better feeling.
£
years.
1906.
April 11.
£
2 S.366,265
29,060,995
8,007,759
39.374,239
S,569,638
42,936,848
19.883,980
25,281,78S
24.142.795
34,039,060
14,524,291
27,807,386
22.S38.712
33,724.707
43 A
p. c.
p. c.
P- c
44A
53
46*4
4SM
3A
2A
*3 A
4
91
GOA
88 J*
91 7-16
Silver
29 Ad24 7-lGd.
2GVnd.
23d.
Clear.-housereturns254,683,000 266,009,000 210,891.000 202.223,000 128.774,000
Consols, 2A
*
4
A
SO H
30d.
April 1-1.
The rates for money
have been
April 13.
4A
Bank of England rate.
Open Market rate—
Bank bills—3 months
—4 months
—6 months
Trade bills—3 months
.*
—1 months
Interest allowed Jor deposits—
By Joint-stock banks..
By discount houses:
3A
3A
3A
4
as
4
March 28.
5 1-\G®dA
4H
5
March 22.
5
l-\G(a}5A
5^5 15 @5 15
5 (<i)5A
3 A (ft 5 9 4
5A <fi]5A
5A @5«
5
5
4%4A
7 to 14 days
5
4%
A &4%
@4 A
At call
follows:
April 5.
3
3A
CO
ii\
3
3A
3A
3A
3
3
A
A
5 A @5A
5A ®5A
CO
3A
3A
The Bank rates of discount and
open market rates at
chief Continental cities have been as follows:
RaUs <>J
Interest at—
Paris
Berlin..
0
6
6
G
5
4 A.
Hamburg
Frankfort
Amsterdam
Brussels
Vienna
8t. Petersburg
Madrid.
Copenhagen
Messrs.
April 11:
April 13.
7
j
April G.
Rank
Open
Rate. Market.
3H
3H
4s*
G
5!4
-1A
G
5H
4 11-16 6
5A
53«
G
5H
4'-$
5
4A
4 5-1G
4A
4%
Hank
Open
Rate. Market.
3A
3A
4'
0
_.
-j
4
5A
7
4'A
6
Pixley & Abell write
..
4
5A
as
March 30.
Rank
Open
Rate. Markit.
3 >5
6
G
G
G
5
4 A
March 22.
Rank
Open
Rate. Markit.
3**
5H
5A
5A
5?s
3A
4t<;
5
4 7-16
7
4A
4
6
5 A
..
the
G
6
6
6
4A
.
3H
5H
5H
Vi
LA
4A
4 7-16
7
4A
.6
follows under date
4
5A
of
GOLD.—The position of the Bank has
materially 1m proved this week, as they were
secure the balance of last week's
gold which was purchased for America,
amounting to £450,000. and in addition have bought all this week’s arrivals of about
£250,000.
The price is now down to 77s. 9d.
Since our last the Bank has received
£1,367,000, of which £1,227.000 was in bars. The withdrawals total £200,000, of
which £ 100,000 is for Egypt.
£562,000 is expected to arrive next week from South
Africa.
The Bank rate, which was fixed at
5% on Jan. 17, was to-day reduced to
4 A%For the week: Arrivals—Cape, £364,000: Australia. £136,000: total, £500,000.
Shipments—Bombay, £73.625: Calcutta, £30,000; total, £103,625. For the
able to
month of March: Arrivals—France,
£621,000; Egypt, £550,000; Brazil, £33.000;
South Africa. £1.793.000; India, £158,000.
Shipments—France. £96.000; Brazil.
£653,000; Argentine, £952,000; India, £572.000.
SILVER.—The market in silver has been steadier, and we have risen
Ad. during
At one time we rose to 30qd., on a good Indian
demand, but, this be¬
ing satisfied, the market reacted and we close at 30Ad.. with a
steady tone. There
have been considerable forward sales
by India, but these have been easily absorbed
and the forward price, which has been'as much its 7-lGd.
under cash, closes at29?id.
with an upward tendency.
The position in China is much firmer.
The Indian price
is Rs. 75fi i>er 100 Tolahs.
For the week: Arrivals—New York. £93.000.
Ship¬
ments—Bombay, £12,000; Colombo, £850; Calcutta, £68,000: Straits (coin), £31.500; total, £112,350.
For the month of March: Arrivals—France. £ 14,000; U. S. A..
£1,193,000.
Shipments—France, £42.000; Brazil. £46,000; India, £1,566.000;
Straits.£148.000. • 1-3^the week.
.
Apr. 27 1907.
|
THE CHRONICLE
MEXICAN DOLLARS.—There have been a few transactions in dollars at their
£55,000 has come from America and £25.000 has been shipped to
Calcutta.
977
DIVIDENDS.
melting value.
The
quotations for bullion
reported
are
The following show’s all the dividends announced for
the
future by all large or important
corporations.
Dividends announced this week are
follows:
as
GOLD.
Apr. 11. Apr. 4.|
SILVER.
Apr. 11.
London Standard.
s.
d.
s.
d.
|
London Standard.
d.
Bar gold, fine, oz
77 9
77 9X | Bar silver, tine, oz.... 30 X
U. S. gold coin, oz
7(3 4X
76 5.X I ** 2 mo. delivery, oz.29%
German gold coin, oz..*76
4% *76 5% iCake silver, oz
32X
French gold coin, oz—*76 4X *76
5X I Mexican dollars. 1
nom.
Japanese yen, oz
*76 4% *76 5X I
printed in italics.
Apr. 4
d.
Per
30 1-16
Name of Company.
29%
i Cent.
32 7-16
nom.
Railroads (Steam)
Atchison Topeka <fe Santa Fe, common..!
Atlantic Coast Line RR., preferred
1
Central RR. of New Jersey
(quar.)
Great Northern (quar.).
Kansas City Southern, preferred
Missouri Kansas * Texas, preferred
Norfolk ct Western, common_
Northern Pacific (quar.)
Nominal.
June
2X
4
2
May
May
May
July
May
2
2%
X
June
IX
May
May
‘>
\%
IX
-
The
the
following shows the imports of cereal produce into
United Kingdom during the season
to-date compared
with previous seasons:
O
.,
Reading, second preferred.
2
.
Rich. Fred. & Pot.
A
Rich. A Pet.
Connection
i
Richmond Fred, ct Potomac, guar
.'
i1
IMPORTS.
Thirty-tico weeks.
imports of wheat.
Barley
Oats
Peas
Beans
Indian
Flour
1906-07.
cwt.51,130,100
15,659,300
6.601,600
1905-06.
1904-05.
49.04S.600
15.44S.100
64,148,500
15,854,000
1903-04.
54.246,321
23,116,068
7,843.400
1.192,645
8,309,600
10,133,19s
1.216.4S0
.
corn.
Supplies available
for
599,440
501,650
31,482,700
S,540,600
29.773,100
9.6S5.200
1,427,641
1.137,440
27.269,000
7.323.320
1.479 .SIS
1,575,579
32,032,154
14,297.087
consumption (exclusive, of stock
on
September^):
Wheat imported
Imports of flour
Sales of
home-grown
1906-07.
cwt.51,130,100
8,540,600
18,789,000
1905-06.
49,048,600
9.685,200
23,707.142
1904-05.
64,148,500
7,323,320
11,174,835
54,246,324
14.297,084
12,635.722
78,459,700
82.440,942
26s. 9d.
26s. 4d.
82,646,655
28s. 7d.
28s. Id.
81.179,127
30s. 9d.
30s. 4d.
27s. lOd.
27s. 2d.
Total
Average price wheat, week
Average price, season
The
qrs.
qrs.
...qrs.
...
Flour, equal to
Maize
The British
Last week.
3.S05.000
205,000
390,000
3.945,000
1905-06.
3,850,000
190,000
460.000
175,000
460,000
imports since Jan.
1 have been
1907.
£
Imports.
January.
February
March
Three
This week.
months
1906.
£
Exports.
January
February
171,192.542
154,241,732
£
March
Three months
£
101.S66.9S0
.
4-7,066.175
+5,400.094
+4.477,101
+13.2
+11.3
+8.4
+16.950.S10
+11.0
follows:
as
1906.
35,070,607
32,073,345
34,723,034
PerCt.
Difference.
Per Ct.
£
30,774,Sll
28,771.123
31,651.162
+4.295,796
+3.302,222
+3.071,872
+14.0
+11.5
+9.7
91.197.096
+10.669.S90
+11.7
The re-exports of foreign and colonial
produce since
show the following contrast:
1907.
Re-exports.
January
February
_
March
Three months
Difference.
£
Per Ct.
£
8,793,276
9.425,830
8.110,260
7.445.S55
7,995,860
7.276.397
+1,347,421
+1,429,970
+833.S63
26,329,366
22.71S.112
+3,611.254
+1S.2
+17.8
+11.6
+15.0
Note.—The aggregate figures are official.
They indicate that slight adjustments
have been made in the monthly returns as issued.
English Financial Markets—Per Cable.
The daily closing quotations for
securities, &c., at London
as reported by cable have been as
follows the past week: •
London,
‘
Week aiding April 26.
Sat.
Mon.
Tues.
Wed.
Silver, peroz
d. 30 3-16 30 X
30 X
30 5-16
Consols, new, 2,X I>er cents.. 85 11- 16 85 13- 16 85 X
85 13- 16
1- or account
85 13-16 85X
85 13- 16 85 Js
French rentes (in Paris) ..fr. 94.40
94.42X 94.60
94.50
Russian Imperial 4s
75
74 X
74 X
74 %
do
' new
do
5s.. 85 X
85
84 X
85 X
Amalgamated Copper Co
90 X
97
99 X
100
^Anaconda Mining Co
12 X
12 %
13
13
Atchison Topeka 6c Santa Fe: 96X
97 X
98 X
98
Preferred
98
98
98 X
USX
Baltimore <fc Ohio
100 x
103
10IX
103
.
.
Preferred
Canadian Pacific
Chesapeake & Ohio.
Chicago Great Western
Chicago Milw. A St. Paul...
Denver A Rio Grande, com..
Preferred
Erie,
common
First preferred
Second preferred
Illinois Central
Louisville A Nashville
Mexican Central
Missouri Kau. ATex., com
93
180 X
42
X
13 X
Pennsylvania
a
Reading Co
a First preferreda Second preferred
31
77 X
24X
56
38 X
150
120 X
..
2IX
37,X
64
54 X
44
43 X
22
85
Rock Island Co.
Southern Pacific
Southern Ry.. common
Preferred
Union Pacific, common
Preferred
21X
67
140X
89 X
U. S. Steel Corp., common.. 38X
Preferred
103X
WTabash
14 X
Preferred
26
Debenture Bs
64 X
—
a
Price per share.
13,X
138.X
137X
Preferred
69
National RR. of Mexico
54 X
N. Y. Central A llud. River. 122 X
N. Y. Ontario A Western
39 X
Norfolk A Western, common 77
Preferred
82 X
Northern Pacific
135
a
93
181
42 X
I 6 £ Sterling.
r
93
1815s
43 X
13 X
140X
31
77 X
24 X
56
38
150
121
22
124
22
37X
38
69
54 X
122 X
39 X
77 X
82 X
138X
64 X
55 X
44
43 X
22 X
86
22
67
142 X
89 X
39
103 X
15
26
64 X
31
77 X
25%
57 X
40
150
X
69 X
54 X
123 X
39 X
79
82 X
140
65 X
5>X
44
43 X
22 X
87 X
22 X
69 X
1455 s
89 X
39X
104X
IX
TwinCityRap.Trun.(Minneap.)
IX
5
1
IX
com.(qu)
Union St. Ry. (New Bedford)
(quar.)
West Penn Ilys. (Pittsb.), pref. (quar.).
Banks.
American Exchange National
2
IH
Bowery (quar.)
Chemical National
(bi-monthly)
5
(
3
,
2%
j
2%
10
J
5
4
l.|
4
Pacific (quar.)
Trust Companies.
,
4
j
2
i
Fanners’ Loan & 'Trust (quar.)
Hamilton (quar.)
3
May
10
MayMay
MayMay
May
2X
j
3
.j
3
2
:
Miscellaneous.
Amalgamated Copper (quar.)..
Extra
American Caramel, common (quar.)...'
Common, extra
i
Amcr. Diet. Ttleg. of N. Y
j
Amer. Gas & Elec., pref. (quar.) (No. 1).|
Extra
j
Amer. Graphophone. pref. (qu.)
(No.48)j
Amer. Light & Traction, com. (quar.).-j
Preferred (quar.)
American Locomotive, common (quar.). I
Bergner & Engel Brewing, preferred...
Preferred, extra
British Columbia Packers' Asso., pref-.|
Butte Elec. & Pow., pref. (quar.) (No. 23)
Casein Co., pref. (qmr.) (No.-28)
j
Central Dist, & Print. Teleg.
(quar.)...;
j
93
181X
43 X
13X
140 X
30 X
77 X
25X
5S
39 X
151X
123X
22 X
3S
69 X
54 X
123.X
39 X
79
82 X
139 X
65 X
57 X
X
43 X
1S1X
43 X
13
139 X
29 X
77 X
140
30 X
77 X
181
247s
58 X
40
152
123
X
OO
37 X
69 X
54 X
122 X
39 X
79
82 X
138
56 X
44
43 X
87.X
22 X
86 X
23
69 X
146X
89 X
38 X
104X
15
26 X
15
27
64X
66,X
22 X
69 X
145.X
89 X
38X
103 X
14 X
11X
24 H
56
39
151
X
123 X
22 X
38
67X
54 X
122 X
39 X
79
82 X
138
65
44
43
X
22 X
S7X
22 X
69 X
14SX
89 X
38X
104X
27
14 X
26 X
66,X
66.X
to
April 30
to
April 30
1%
X
1%
X
•
1
1X
(/)
1X
IX
1%
May
MayMay
May
May
May
May
May
May •
May-
$4
May
May
$4k
May-
IX
1
1
1
1
1
1
6 April
1 April
l i April
1 April
1 April
l Apr.
Procter & Gamble, common (quar.)....
Pullman Company (quar.) (No. 161)
Tennessee Coal, Iron & RR., com.(quar.)
Preferred (quar.)...
United Bank NotcCorp.. com. (quar.)...
United Copper, common (quar.)
May
May
(June
5
2X
May
May
2
2.X
X
May
to
2
1
May
IX May
14
May
IX ! May
IX J une
IX May
IX May
IX [May
3X I May
m iMay
IX May
3
May
2
May
May
IX
•May
May
Apr.
May
May
May
May
1
June
IX
!June
1
IX
3
United Electric Securities Corp.. pref...
U. S. Bobbin & Shuttle, com. (quar.)
Preferred (quar.)
U. S. Cast I. Pipe A Fdry., com. (quar.)
Preferred (q uar.)
United States Express (No. 147)
•
U. S. Realty <k Improvement (quar.)
United States Rubber, first pref. (quar.)i
Second preferred (quar.
‘
Warwick Iron A Steel
Washington (I). C.) Gas Light (quar.)
2
Worthington (H. R.) Inc., preferred...;
3X
3X
1
IX
2
IX
3
2X
I
April
May
April
April
May
May
April
April
to
to
14
to
to
27; Apr. 26
to
27i Apr. 26
to
1 Holders of rec.
l'Holders of rec.
15 May
4
to
1, April 26
to
li April 26
to
15 Holders of rec.
11 Apr. 21
to
to
llApr. 21
to
27 May 11
11 April 21
to
to
1, April 21
..May 10
1 Holders
10 May,
to
of
1
1
1
1
1;
to
to
to
to
May
May
Apr.
Apr.
May
May
May
May
1
April26«
May
9
Apr. 30
Apr. 28
April 39
May 19
May
l
May
l
April 30
j
May
Holders of rec. Apr. 15
to
April 26
April 30
to
April 17
May
1
to
to
April 30
May
l
April 30
May
I
May
l
April 30
April 30
May 15
Apr. 25
1
May
April 27
May rs
Apr. 25
May 15
l
May
May
1
May
1
.
rec.
to
to
rec.
to
to
rec.
1 April 27
to
1 Holders of rec.
15 Apr. 22
to
L Holders of rec.
1 Holders of rec.
1 April 16
to
1
1
1
Apr. 30
May 20
1
May
May 20
rec.
to
to
to
to
to
to
1 Apr. 23
LApr. 23
30 April24
15|June 6
1‘Apr. 16
5
May
May
5
April 10
April 10
May 15
1
May
i
May
l
May
Apr. 30
April 16
April 16
to
to
April 21
1 April 27
22 May
2
151
15 Holders
1 Apr. 11
1 Apr. 11
15 May
2
29 Apr. 17
15 May 11
1 Holders
1 April 21
1 April 21
1 May
2
1 May
2
15 May
1
1 Apr. 25
30 Holders
30 Holders
15 May
1
1 April 16
If April 20
to
to
of
rec.
to
to
to
to
to
of
rec.
to
to
to
to
to
to
of reo.
of rec
April 30
May 21
April 30
May 7
7
May
May 15
Apr. 20
May
15
April22«
April 30
April 30
May 31
May 31
May 15
May
1
Apr.l5«
Apr.l5«
to
May 15
to
April 30
1
May
to
o Transfer books not closed,
b Payable in common stock at par.
e On account
of back dividends—covering period from May 20 to Nov. 20 1905.
h On account ol
over-due dividends,
i Correction,
k On account of deferred dividends.
I At rate of 6% per annum for period from Jan. 16 to Feb. 1 1907.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller tfc Son:
Stocks.
10
15
65
50
32
465
Bonds.
Carnegie Trust Co.
235 H 37,000 Park <5e Tilford Deb.
Kick Baking Co
66
S. F. 1936. J. & D
$100 & Int.
Subur. Auto&CJarage Co. $66 lot $2,000 Chateaugay Ore &
Union Ferry Co
j.
30
j
Iron Co. Ref. 4s, 1042.
Mercantile Nat. Bank
235
J. & J
95 & Int.
Selma Water Co
10 Trust Co. of America
$51 loti
732 X
23
1
30
30
I
1
30
25
May
6
4
May
April 30
April 30
May
I
May
1
to
!May
May
April 27
l! Apr. 11
IX 1 May
4
May
15 Holders of
IX
May
l.| April 20
2
L April 26
MayMay 15 i Holders of
IX
2X May
l; April 26
15 May
IX
May
5
29 Holders of
IX
Apr.
IX
3
h
3h
1
2
!
Preferred
May
to
28
April
...
to
25
21
26
26
IX
IX
..
rec.
1,April 21
Consolidation Coal (quar.)
,
du Pont (E.I.)deNemoursPow..com.(qu>!
Eastman Kodak, common (extra)
|
Edison Elec. III., Boston (quar.)
(No.72),
Electrical Securities Corp., pref.
■
Electric Bond & Share, prof, (quar.)...]
Federal Sugar Refining, pref
....!
International Nickel, preferred (quar.)..
Iut. Smokeless Powder & Chem., pref
Internat.Steam Pump.pref.(qu.)(No.32)
Lord & Taylor, common (quar.)
Montreal Light, Heat & Power (quar.)..
..
or
I
|
l
April 30
May
May
1 Holders of rec.
1 Apr. 21
to
1. Holders of rec. April 30
1 April 24
to
April 30
May
-.
rec.
to
Holders of rec.
to
April 2S
to
April 26
to
April 26
April 28
to
to
April 21
IX
j
1
15
1$
1
IS
10
May
to
of
1
1, April 28
1X
Apr.
May
;
May
15
or rec. April 20
of rec. Apr. 12
to
April 30
30, Holders
1 Holders
15 April 26
1 Apr.
2
15 Holders
1 Apr. 21
15 Holders
j
—
rec.
1 Holders of rec. Apr.
1 Holders of rec. April
1, Apr. 16
to
May
1; Holders of rec. Apr.
20 Holders of rec. May
1 Holders of rec. April
27 Apr. 26
1 i April 21
15 May
1
Pennsylvania Steel, preferred
Pocahontas Collieries, pref. (quar.)
Pressed Steel Car. pref. (quar.) (No. 33).
9SX
April 26
5
2
3
Municipal Gas, Albany (quar.)
rec.
2
April 21
15 Holders of
1
1
'
Century Realty
Chicago Edison (quar.)
City Investing
Claflin (H. B.) first preferred (quar.)
Second preferred (quar.)
98 X
102
93
to
30,Apr. 24
National Carbon, pref. (quar.).c
National Glass, preferred (quar.)..
Nnc Central Coal
i
Ntw England Cotton Yarn. pref. (quar.).\
New England Telephone 6c Teleg. (qu.)
New River Company, preferred (quar.).
North American Co. (quar.)
Pacific Coast, common.
First preferred (quar.)
Second preferred (quar.)
102
93
19; Holders of
1 Apr. ll
May
9
April 30
May 5
l
July
May 9
May 31
May
1
Apr. 23
3,Xf May
IX
May
May
2
Apr.
2
Thurs.
Fri.
30 5-16 30 5-16
85 11-16 85 9-16
85 X
S5X
94.57.X 94.55
75 X
75
86 X
85 X
98 X
97
12 X
12.X
9S
97X
44
43
X
225*
-rjrj
to
to
to
to
-
;
j
j
Kings County, Brooklyn (quar.)
Lawyers’ Title Insurance A Trust
Nassau, Brooklyn (quar.)
1: April 19
1! April 18
1 June 11
10 Apr. 21
10 Holders of rec.
May
May
May
May
MayMay
May
May
May
MayMay
4
Fourteenth Street (quar.)
Germania
Greenwich
Lincoln National (quar )._
Mount Morris.
Nassau (No. 108)
A
June
|
j
—
1906.
£
Jan.'l
May
May
May
May
April
May
May
May
May
May
May
May
May
.
Broadway
follows:
£
53,474.333
47,527.253
53,261,630
1907.
1904-05.
3,770,000
135.000
375.000
Di//crence.
60,540,508
52,927,347
57,738,731
The exports since Jan. 1 have been
as
and
May
Atay
.
City. National
following shows the quantities of wheat; flour
afloat to the United
Kingdom:
maize
Wheat
1903-04.
Rome Watertown &Ogdensb.,guar.(qu.)►
Street Railways.
Cape Breton Electric Co.. Ltd., preferred1
$3
Columbus (O.) Ry.. preferred (quar.)__
IX
Detroit United Railway (quar.)
;• ix
1X
East St. Louis & Sub. pref. (quar.).
IX
Georgia Ry. & Electric, Atlanta, com.33-1-36
33 1-36
Grand Rapids (Mich.), Ry.pref. (quar.)»:
ix
Milwaukee El.Ry.&Lt.,pf.(qu.) (No. 30)
1%
Montreal Street Railway (quar.)
2X
Ohio Traction (Cincinnati), pref.
(guar.).J
to
to
10; May
May
4%
+X ‘May
IX May
Philadelphia Company, common (quar.)
Tampa (Fla.) Electric Co
Toledo Railways 6c Light
May 11
2
1
-
i
5
■
•
-
Books Closed.
Days Inclusive.
3
-
*
When
Payable.
■I
i
978
THE CHRONICLE.
Statement of New York City
[Vol.
lxxxiv.
Clearing-House Banks.—
following statement shows the condition of the New
York City Clearing-House hanks for the week
ending April
20.
It should be distinctly understood that as to all items
New York City, Boston and
Philadelphia Banks.—Below
is a s immary 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
except capital and surplus the figures are the averages of the
daily results, not the totals at the end of the week. In
other words, in reporting loans and
deposits and holdings of
specie and legal tenders, the practice is to tako the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of davs-
Wc omit two ciphers (00) in all these
figures.
The
We omit two ciphers (00) in all
Banks
(X)a omined.
Capital.
Surplus.
Loans.
casts.
Specie.
Legals.
Deposits,
a
!
Re-
1 s’ne
banks:
Capital
Banks.
and
! Specie.
Loans.
Surplus.
Legal s.
Deposits. a! Circa! lation.
J Clearings
|
New York
S
s
1
$
s
s
Mch. 23.. 281 ,286.7 1049,989.6 1S4.974.4
70.271.2 1002,144 6 50,920,3 2,095,084.2
Mch. 30-- '283 157.9 1056,545,2 195.659,7i
72,425,9 1019,817 3 50,820,0 1.994,438,6
Apr. 6. .288 ,090,5 1062,688,8 206,958,0 71.661,5 1036.713
1;50.398-,8
Apr. 13 -.1288 ,090,5:1099,657,1 212,966,3 73.302,1 1081,661 9 50.23S.6 2.006,935.3
1,881.534,4
Apr. 20.. 1288 ,090,5|1125,004,9 215,129,4 73,616,3 1108,163 5
50,100,ST,725.859,7
Boston, j
Mch. 30.. | 43.680,0 178,166,0
16,139,0 3,913.0 201.774,0! 8,473,0
171,180.8
Apr. 6.J 43 680,0: 177,128.0 17,037,0 4.224.0' 209,372,0! 8.511,0
185.972,2
43 ,680.0
Apr. 13
179.053,0! 17,574,0 4,482.0; 213,222,0; 8,495,0;
170,257,6
43 680,0 1S1.796.0
Apr. 20.
18.858,0 4,492,0 225,187.0; 8,520,0!
156.333.8
Phila.
Mch. 30. J 51 165,0' 219,512,0:
51,331,0
246,100,0'14,035,0; 133,947,2
51 165,0 219.592.0
Apr.
54,505,0
248,609,0'14,017.0! 162,345.3
Apr. 13. .1 51 165,0! 219.482,0!
58,548,0
i 253,079,0114.001,0
143.376,5
Apr. 20_-i 51 165,Ol 221,094,0;
62,034,0
I
■
,
-
-
.
$
Bank of N. Y-.
Manliattan Co.
Merchants’
■
Mechanics’
Ameica
Phenix
City
Chemical
Merchants'
Gallatin.
Butch. <fc Drove’s
....
22.552,8
5,634.7
503,7
2,411,3
169,6
910,3
648,6,
4,983.7
14,945.0
5,028,2
3.000,0
Pacific
500,0
450,0
Chatham
People’s
200,0
2,000,0
3,000.0
2,550,0
500,0
1.000.0
2.000,0
3.000.0
750.0
1.500.0
3.000,0
250.0
3.000,0
500,0
10.000,0
2,000.0
250,0
200,0
750,0
5,000,0
100.0
200,0
200,0
500.0
1.000.0
250,0
1,000,0
200,0
1.000,0
300.0
North America.
Hanover
Citizens’ Cent..
Nassau
Market <fc Fult'n
Metropolitan
Corn Exchange
..
Oriental
Imp. &. Traders’
Park
East River
Fourth
Second
First
Irving Nat. Ex.
..
...
_.
Bowery
N. Y. County..
German-Amer
.
Chase
fifth Avenue..i
<German Exch..
Germania
Lincoln
1
Garfield
Fifth
Metropolis
West Side
Seaboard
1st Nat.. Bkiyn
State
i
Totals
841.6
3.401,0
5.682,3
604.0
3,808,6!
4.595.2
1.894.9
831,4
944,6
1,500.4
1.369,1
458,5
1.718.0
852.7
53,972.6
10,119,5
3.438.0
4.899,7
15,659.5
7.717.2
3,213.9
9,499,8
4.283,0
17,825.0
1.357,2
699.2
4.747.0
12,624.5
6,215.6
4 .563.1
12.710,0.
2.291.1
626,5
284 ,K
611.4
1.000.0
1.148.5
2,398,2! 04 9
19,143,0 25.3
6.511,3 21.2
20,973,9 26.5
117,224,5 25.3
16,412,6 26.6
806,5
479.1
446.6
599,3!
825.4
340.2:
306,7
3.262,6 1,273.6
10.739.5 6,613,8
3,456.9
357,1
1,554,2
2.130.2
.
17,133.5 26.4
68,041,0 25.5
20.367,4 25.7
3.962,1 i 19.8
7,319,0 29.2
10,421,5 21.8
43,441.0: 25.3
10,483,1 21.9
22,313,0 24.7
88,065.0 26.5
1,594,2 26.8
20,950,0 25.6
9,930.0 25.0
83.707,1 25.6
16,955,9 25.8
3.590,0 22.2
6,432,5 23.1
3.597,2 22.8
58,818,9 25 3
10,883.7 27.0
4,263.0 22.6
6,486,7 28.3
17.284,7 24.4
7,827.3 23.6
3.282,7 24.3
9,382,6 26.0
4,619,0 24.3
21,037.0 26.5
4.672,0 23.6
10.684,5 24.8
7.306,9 26.5
5.570.9 22.0
15.424,0 25.6
428,7
584,0
141,3
4,153.0
387,5
4.176.0
18.567,0
264.2
3.394.0
1.160.0
19.494.9
3.693.4
744.0
994,1
638.4
1.356.0
4,806,0
163,5
1.982.0
1.331,0
1.488,0
693,8
56,0
497.0
184,6
13.849,3
2.254,1
1.075,2;
692.5
776.0
1,002.5
1.928.3
313.8
190.0
836.7
2,305,5
1,536.9
631,0
868.8
570,0
3.825,0
653,0
2.071.3
1.523.3
809.7
169.0
1,576.4
555,0
1,762,0
451.0
593.0
415,2
421,9
197.0
J3.753.0
G..j
259,564,0; 13.998.0'
128.100,0 159.990.5 1125.(X)4.9 215.129.4 ‘ 73.616.3
1108.163,5 26 0
Imports and Exports for the Week.—The following are
April 20; also
January:
the imports at New York for the week
ending
totals since the beginning of the first week in
FOREIGN IMPORTS AT -NEW YORK.
For week.
Total
Since
Total of United State#
week
Jamiary 1.
General Merchandise
of condition of the
non-member
on
average
Wt omit two ciphers OK); in all
$2,893,598
13,184.783
$2,115,790
11,018,862
$1,655,042
8,319,176
$17,444,342'
$16,078,381
$13,134,652
$9,974,218
$64,013,926' $56,498,667
$48,708,018
190,653.604
$41,993,880
153.606.703
The
following is a statement of the exports (exclusive of
specie) from the port of New York to fo *eign ports for the
week ending April 20 and from Jan. 1 to date
EXPORTS FROM
NEW YORK FOR THE WEEK.
1907.
For the week
Previously reported
Total 16 weeks
$203,054,908
Sur-
plus.
and
;
Century
banks for the
daily
ills-
res
cast's.
100,0
2 >0,0
...
-
...
.,.
.
.
.
.
.
$
174.7
154,0
103,7
427.8
442,3
1.123,4
144.4
424.0
243,3
642.7
219.5
286.5
260.7
342,9
101.1
1
967.8
1,264.6.
1.183.4
4.316,1
6,309,0
6,492,2
1,132,9
7.053,6
4,677,4
4,427,6
2.656,5
3.535,7
3,492.4
174.6
3.924,0
1,935.6
2,501,0
J ,706.9
839.6
9.114.6
384.7
3,294.2
583,8
210.9
121,5
5,050,0
21 1 .3
1,328.7
761,7i
—
200.0
150.0
3<XJ ,0
252.0
•
Mfre’
Nat...
Mechanics’
Nassau Nat
National City
North Side
1.000.0
750.0
.
_
3<X),0
100.0
Jersey City.
First
Nat
Co. Nat
Third Nat
Hoboken.
First Nat
Second Nat.
4fX) ,0
25*0.0
H ud
Total#
1 ot
'J ot
A pi
13
Apr
ti
%
13.3
24,2
72.7
85.8
291.0
874,5
12,6
330,0
279,3
12,2
133,0
19,1
25,0
279,0
12.7
40,0
67.6
426.4
39.1
659,0
330,8
104,7
$
54,5
60,6
50,9
313,7
2 >o ,o
2 20.0
125.0
255,0
37,8
71,0
344,7
228,5
293,9
107,9
306 4
348.8
275,0
122.8
198,0
167,2
211,1
385.3
129,0
6,8
44.3
156,3
3,151 .9
4 *5,4
2,727,0
J 52.8
1,905,2
718.5
4.561.8
896.5 1J 418.7
946.9
5,851,0
625,0 3,137,0
1 .665.8
212,5
1.162,7
713.9
349.7
680,5
193,2
4.243,6
2 506.J
J ,810,9
2.4s2.0
J .607,4
419,7;
471,O'
147,1
58,3;
1,5!
681,7
--I
129,6
114,9
.
145,680,386
Exports.
Gold.
Week.
Great. Britain
France
.
|
108.6
1,175,0
180 3
88.7
296,7
4
2,310.1
148.5
46,2
104,9
J07.8
18,5
4 7.3
3,511,6
4,744.8
4,302,0
2,181,1
..
—-
Total 1907
Total 1906
Total 1905
$3.000
-.
.
-
-
*2.540,353
331.087
1,155,297
$354,000
3,000
2,027
115.206
1.387,336
32,983
29,648
50,290
787,269
147,073
$3,000
$1,744,336
4,299.522
490,037
32,191,807
.
$147,062 $5,126,575
530,3061
4,867,160
302.136
4.570.564
.
"Great Britain
France
$688,230 $12,094,854
$1,237
$2.259
150
1.478
5.042
42.263
540 00(1
Germany
1
West Indies
Mexico
South America
All other countries
1 .(KM)
3,430
58
41,488
600
<»
1,786
Total 1907
Total 1906
Total 1905
$691,660 $12,679,728
929,455 17,719,655
344,751 10.496,909
j
$7,907
24.078
22,309
260,072
333,802
4.917
$643,371
732.849
1,013,850
Of the above
imports for the week in 1907, $941 were
American gol 1 coin and $1,387 American silver coin. Of the
exports during the same time $3000 were American gold
coin and $1,000 were American silver coin.
JJanhtug and Financial.
3,458,3
We shall
circular
Tru»t
92,5
485,01
5.975,5
371.3
147,3
27.6
2.124,5
2.015,0
183,0
99,5
165.5
192.7
2.231,8
1,850,7
...
pleaaed to mall Inventor** copies of our 10-page
Note* and Collateral
Honda.
Spencer Trask & Co.
3.795,0
310,2j 1,914,7
be
describing 5 7 Short-Term
5,617.0
675.0
51 ,4
,
—
-
.
West Indies
Mexico
South America
All other countries
1,421,4
50?. 2
34,5! 2,242,1
397,7
5,084.2
160,2 13,195,4
-
—
[Since Jan. 1
$82,404
.
.
Germany
Week.
8,668,4
54,6’ 2,832,8
357.8
636,6*
1,175,7
457,0
355,0
1 18,8
Imports.
Since Jan. 1
1
—
$199.750.490j$lG9,866,950
$156,695,338
190() and 190.5:
3.888,8
4.776.0
38,8
222,6
$
797,7
1,470.4
1,490,5
5,066,4
6.724,0
5,194,7
1,099,4
7,323.1
5,603,7
4,302,9
3,124,4
2,024,4
*
-
8.3,4
60,0
9.0
678,0
97.5
248,6
1
j
2,909.0
224,5!
180,5
62 .0
'
629,8,
2 >2,4
88,6
J 17,5
71
420,0
327,0
13.9
564,5
30.9
124,1
-276,4
109,0
263.0
J 16,3
42.2
120,3
440,7
235.6
22s,ij
J 27,0
27 4
$
10847,0 14 731,3 124254.9 5,858,1 6.636,3
13.825,5 5,204,0 1.33558,9
1084 7.0 J 4731,3 123882.4
5,885.4 6.804,7 J 4.157,2 4,545.6
133001,9
10847.0 1473 J ,3 123393.3 5.749,8 6.661.4
13.584.8 4 480,5 13J552,0
-
$11,014,952
Silver.
,
S
61,3
114.4
121.2
575,5
537,0
22 L 2
97,0
400.3*
351.8
206,1*
309,1
127 2
558.4
!
Broadway
Brooklyn
$12,962,502
156,904.448
The following table shows the
exports and imports of
specie at the port of New York for th" wee < ending April 20
and since Jan. 1 1907. and for the
corresponding periods in
i
1
1
Brooklyn.
Borough
$12,678,883
187,071,607
1904.
.
i1
!
Chelsea Ex..
100.0
Colonial
100,0
Columbia
1
300,0
Consol. Nat. 1,000.0
2 >0.0
Fidelity
14th Street
1 .<XX> ,0
Hamilton
200,0
J eBeraon
ryxj.o
Mt. Moms..
250.0
Mutual
200,0
19th Ward
200,0
Plaza
100,0
Riverside
1W.0
12 th Ward
2 X>.0
23rd Ward..
1 <X) ,0
Union Exch.
750.0
Yorkville
100.0
Coal <k I.Nat.
SO0.0
34th St. Nat.
2 XJ ,0
Batt.Pk Nat.
200,0
Ho rough of
.
.
i
-
.
Specie.
Invest¬
ments
$
1905.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Legal I
Deposit with
Tender
and
j Clear- , Other j
Net
Hank
Hanks. 1Deposits.
trig
Soles.
Arc.
■
Agent.
L’/ans.
14 an.Ac Hr'x.
Wash. H’g’ts
1906.
$12,957,725
190.097.183
-
-
.
IN. V. City.
H'/roughs of
185,878,123
$285,305,226 $242,376,790 $239,361.622 $ 195.600,583
!
1
....
Ca pital.
1904.
14.237,470,
221.291.300:
Total 16 weeks
1905.
deposit# Included, $31,012,300.
ending April 20 1900, based
Hanks.
1906.
$3,206,872.
Dry Goods
Reports of Non-Member Banks.—The following is the
statement
j,
1907.
Drv Goods
General Mercliandise
a
a
151,297.9
a Including for Boston and
Philadelphia the item “due to other banks” and also
Government deposits.
For Boston these Government deposits amounted on
April
20 to $4.234,000; on April 13 to $4,026,000.
3.938,7 23.5
5.596,6 25.4
2.450,8 26.5
1.792.3
6,859,0
1,910,5
20.295,0
10.412,0
96.080,3
16.817,1
779.9
4.410.0
3.565,6
25,478.7 j
76,681.0
1.299.7
1.038,2
75.3
1,400,0
330,0
20.532.2* 9,228,1
7,409,4
1,900,2
30,036,0 40.7
16.339.0 ■25.0
2 1,506,0 '26.1
25,656,0 26.5
7.657,0 26.6
132,824,8 26.5
25,904,0 27.4
6.311,3 22.5
5,765.4 26.3
613,0.
505,4!
3.450,0
1.053. L
C?
S
16.667,0 26.9
1.754,9
145,1
1.276.7!
904,9
10,690,7.
37,678,0 j
10,142,3
19,981.1
1.0<X> .0
5,349,8j
2.204,5
17.491,5
59.174,2
20.920.4
3,576,9
1.541,4
890,7
4,834,2
1.204,8'
7,130,7
8.415,3
124.4
3,16 1.6
S
1.718.0
2.177,0
1,073.8
2.332,0
2,311,0
136.0
6.927,5
'28,286.1;
20.770,4
3.202.5
5,627.6
8,389,8966.0
346,7
1.000.0
3.009.5!
3.022.0
4,508,9
1.903.0
5,987,0
28.039,8
140,115,0
2.295,3,
1,000.0,
...
N. Y. Prod. Ex
New Arnsterd'xn
10.083,0
16.643.0
784.0
1.048.4
469.5,
1
?
2,777.0
23.624,7
8,150.0
154,383.1
26.302.0
6,165,0
8.283.3
2,365.2
439.1
5.000.0
25.900.0
Mercantile
Liberty
E557.0
3.679.4
4,080,5
500,0
■
$
IS. 16s, 0
21,719.0
13,952.3
20,775.0
2.987.4
2,908,8
300.0
2.000.0
Mech.&Traders’
Greenwich
Araer. Exch
Commerce
5
2,900.0
2,050,0
2,000,0
3,000,0
1,500.0
1.000,0
25,000,0
3.000,0
090,0
1,0<X),0
Branch Office
Albany N.Y.
William and Pine Sts.. New York
Moffat
&
White
Member* New York Hiock
6
NASSAU STREET.
Exchange.
HANOVER RANK BUILDING
Dealers In Inveatment Securities.
OOUMIHMION ORDERS EXECUTED FOIt CA8II ONLY
APE. 27
1907.J
THE CHRONICLE-
igntim’ (Sasjette.
For Dividends see page 977.
Wall Street,
Friday Night, April 20 1907.
The Money Market -and Financial
Situation.—Although
there has been a litle more activity at the Stock
Exchange
this week there seems no other evidence that interest in the
markets has broadened.
Prices have generally fluctuated
within narrow limits.
The prevailing tendency, however,
has been towards a higher level and net
changes show, in
most cases, a slight recovery from the recent
depression.
A reduction of the Bank of England’s discount rate from
4
t° 4% was so generally expected as to
pass with little
effect.
More interest, and perhaps more
importance, at¬
tached to similar action by the Imperial Bank of
Germany
and the Netherlands Bank, showing the relief which has
recently
all the principal money markets of the world.
The crop situation is growing in
importance as a factor in
the security markets.
Reports of damage to winter wheat in
the Southwest caused an advance in the
price of wheat and
were used with more or less effect
by the bear element at
the Stock Exchange.
Of course the extent of such damage,
if any, is a matterof the merest
conjecture, and is quite likely
to be forgotten or ignored in the near future.
The open market rates for call loans on the Stock
Exchange
during the week on stock and bond collaterals have ranged
from 1 % to 2%%.
To-day’s rate on call was 2%. Prime
commercial paper quoted at
5%(a)6% for endorsements and
come to
5Vi@6% for best single
names.
The Bank of England
weekly statement on Thursday
showed an increase in bullion of £290,408, and the
percentage
of reserve to liabilities was 45.32,
against 44.05 last week.
The discount rate was reduced from 4
% to 4%. The
Bank of France shows an increase of
5,500,00*0 francs in gold
and 50,000 francs in silver.
NEW YORK CITY CLEARING-HOUSE BANKS.
j
-
j
j
’
,
1907.
|
Differences
from
April 20.
;
previous week.
-
j
1900
1903.
April 21.
April 22.
£
*
Capital
Surplus
■
'
^
5
128.100.000j
159.990.500j
Loans and discounts-.! 1,125,004,900 Inc.
25.347.S00
Circulation
1
50.106.S00 Dec.
131,S00
Net depositsal .108.163.500 Inc. 26.301,600
Specie
215.129.400 Inc.
2.163,100
Legal tendersj
73,616,300,Inc.
314,200
I
!
Reserve held
2SS,745.700 Inc.
2,477.300
25°i of deposits
•
277,040,S75 Inc.
6,625,400
116.472.700
115.972,700
14S.305.000
137,656,500
1,017.429,000 1,107,294,900
51,481,300
44.433.200
1,007.464.300 1.151.968.600
189,653.6)00
216,116.900
78.579.200
83,323,300
--
.
Surplus
reserve
11,704,825 Dec.
1
268.232.SOO
251.866.075
299.440.200
287.992,150
16,366,725
11.448,050
4.148.100
•
i
$31,612,300 United States deposits included, against §31.356.600 last week
and
$17,438,100 the corresponding week of 1906.
With these United States deposits
eliminated, the surplus reserve would be 819.607,900 on
April
20
and $23,692,075
on April 13.
.Vote.—Returns of separate banks appear on the
preceding page.
a
Fcrcign Exchange.—The market was strong until Wednes¬
day, influenced by a good demand for remittance and by a
scarcity of bills.
The inquiry then subsided and the tone
was
steady at the close.
To-day’s (Friday's) nominal rates for sterling exchange
were -1 84(a':-1 ST 1
j for sixty day ami -1 87(if 1 NT 1
_> for sight.
To-day’s (Friday’s) actual rates for sterling exchange were
4 S320(e 1 8330 for
long, 4 S005(u 4 8010 for short and
4
S035((/'4 8045 for cables.
Commercial
on
banks 4 S2S0(<7)
4 8290 and documents for payment
4 S21.4(<j 183.
Cotton
for payment. 4 S2%(fi 4 82%. cotton for
acceptance 4 82S0(c,
4 s290 and grain for
payment 4 82 ;$(</'■ 4 S3.
Ta-day’s (Friday’s) actual rates for Paris banker’s francs
5 20</(c 5 20 for long and 5 17 1
_.e(a)5 17 *•_></ f*>r short.
Germany bankers' marks were 941 L.(o 9 U’s for long and
were
95 l-10</(c 95 I-10 for short.
Amsterdam bankers’ guilders
10 20(e) 10 28 for short.
Exchange at Paris on London to-day, 25f. lb We.; week’s
were
range, 25f. 20c.
high and 25f. 10 We. low.
The week’s range for exchange rates follows:
Sterling. Actual
Pong—
Low
-4 8285
fu 1 S3
Cans Hankers’ Francs High
3 ,’0</
<<| 5 20
Low-5 21 h
<u.5 20s*
Germany Hankers' Marks —
High
ill',
(«)
94*s
Low
94 5-16
to)
944
Amsterdam Hankers’ Guilders —
High
Low
-
-
.
...
Less:
Ulus:
1 4 $640
,4 8580
.
..
.
Short—
0; t 8350
Cables—
.
1-16 of U'„.
A 1-16 of
a
!5 171 ht*
jo 184
'<C5 174d
(t£5 17.4a
,4 8680
9.4 8685
; 4 8625
<C4 S650
95 1-16(1 t.j> 95 1-16 1
«C 95 3-16
40 26
«C
40 28
|
40 3-16
<sC
4014
|
I
.
The following were the rates'for domestic
exchange on
New York at the undermentioned cities to-dav: Savannah
buying, 50e. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston selling, $1 per $l ,000 premium.
Now
Orleans bank, $1 per $1,000 discount; commercial, 75c.
per
$1,000 discount.
Chicago, 30c. per $1,000 discount. St.
Louis, 25c. per $1,000 discount. San Francisco, 30c. per
$1,000 premium.
State and Railroad Bonds.—Sales of State bonds at the
are
limited to $30,000 Virginia 0s deferred trust
Board
receipts at 23.
The market for railway and industrial bonds has shown
animation this week, if comparison is made with the
exceptionally dull period just preceding.
This increased
i
more
1930
registered
1930
coupon
1908-1918
registered
1908-19IS...
coupon
1908-1918.-small coupon
1907
registered
1907--co: pjn
1925
..registered
*.
1925
coupon
1936 Panama Canal regis
4s,
4s,
4s,
4s.
2s,
*
Q—Jan
Q—Jan
Q—Feb
Q— Feb
Q—Feb
April
20
*104
*104
see
April
April
24
April
22
j
*104
*104
23
!
104 4*104
,*104
,*104
third
April
25
1
*104
*104
page
April
26
1
*104
j 104 4
*1024
*1034
*102 4
*1014
*1014
*1024 X1024 *1024 *1024 *1024
*1034 *1034 *1034 *1034 *1034
*1024,*1024 *1024;*1024 *1024
Q—Jan
*1014 *1014 *1014 *1014;* 1014
Q—Jan
*1014' *1014
1014 *1014 *1014
Q— Feb *1294 *1294 *1294 *1294 *1294 *1294Q—Feb *1304 *1304 *1304 *1304 *1304 *1304
Q—Nov *104
*1044 *1044 *1044 *1044 MM 4
‘.I
This is the price bid at the morning board: no sale
was
made.
Railroad and Miscellaneous Stocks.—The stock
market
has been
more active.
Daily transactions averaged about
050,000 shares, against 550,000 last week, an increase of
nearly 20%. The decline of about 2 points, which was the
result of last week’s operations has in most cases
been re¬
covered, so that closing prices average
nearly the same as
those of
two weeks ago.
A strong upward movement occurred on
Monday. Subsequ< ntlv there was a good deal Of irregularity. some stocks
making furtl er progress towards a higher level and others
Union Pacific and Reading have continued to-be the most
conspicuous features of the market. Trading in them has
been on a large scale and the former shows a net
gain of
nearly 0 points. Reading has covered a range of over 6
points and. at 2 points below the highest, closes 4 points
higher than last week.
Brooklyn Rapid Iran it was weak on the prospect of a
judicial decision limiting the right of the company to exact
more than one fare to distant
points. This, with New York
Central, North West, and Steel common, are the
only active
stocks
which close lower than last week.
The industrial list has followed the general course
of rail¬
way issues'and presents no unusual features.
For daily volume of husiritss see
paac 987.
The following sabs have occur:ed this week of
shares not
represented in-our detailed list on the pag» s. which follow:
STOCKS.
IFtfA: ending April 26.
Alice Minins?
Bethlehem Steel Corp.
Cent et S’i
Ytner
Teleg.
Comstock runnel .'
Dos M lues
Ft Dodge
Federal Sugar, pref.
General Chemical, prof
C»t Northern subscription
40‘ L paid
U'cneUake Mining-.
Inter Met" Marine. prel
N V *fc X J Telephone-..
Ontario siver Mining...
.
..
Standard
Mining
United Cigar Mfrs. prof
Vulcan PoOnnimr, pref
\\ estern Marj land. *
..
Sales
for
Week.
200
100
100
1.600
10
400
30
Range for wetk.
Lowest.
$5
April 26
137
000
200
60
->->
%
_’<)<)
Lou'tst.
.
1.
Highest.
$5
April 26 $4
Mch $74
Jau
12
Vprtl 2 4 12
Vprtl 24 104 Mch 20 4
Jan
♦V*
134 ’April 2:> 134 4 Apr l
1344 April
1344 A pri i
34C. April 26 37 c April 2o
JoO.
Mch 50c.
Jan
12 U April 24
12 4 Vpr’I 24
12
April IS
Jan
874 April 25 87 4 April 25 7t>
Feb '40
Vprtl
100
100
April
April 22 974 Mch lo2 4
Feb
5.267 124
360 00
000
Range since Jan
H ightst.
April 20 127 4 April
Ypril 23 69 4. April
Vprtl -3 21
April
113 4 Ypn! 20 114 4 April
44 Ypril
5 ‘ April
52 4. Apr:! 20 $24 April
VCj
V pri 1 2» 02
April
Vprtl •>*? 534 Aped
*>•>
15
15
April
April
•)■?
»-
\
23 122
Vprtl 130 4 April
2o 60
Apr’’ S.5
Feb
J
25
April 24
April
lus
22
Mch 115
Jan
4 4
20
Jau
Feb
S4
20 $2.40 Mch $3.70
Jan
»
24
23
22
ch
Feb
Vprtl
M
15
U4
s
57
<
304
Jan
Feb
Jan
Outside Market .—-The Giitsid O market in the
early part
t
of
the week showed considerable
improvement over last week
—.—
-
-
prices generally moving
the favorable
h 3-32 of l‘\,.
3-32 of Ig
y
2s,
2s,
3s,
3s,
3s,
completion of the Morse consolidation plan rai
easing off to 2873. Standard Oil opene<
the week at 518. rose to 529. and closes at 520.
Trading ii
Western lee was brisk, the price moving up from
27% to 35
with the close at 3-4%.
International Mercantile Marin
securities were li>ted on the Stock
Exchange this week
Chicago Subway sold down from 19% to 17 and ends the wee!
at 17%.
Boston Consolidated Copper advanced from 27 V
n> 29% and closed
to-day at 29. Butte Coal tion from 251
reached 28% to-day, but closed at 27.
Da vis-Paly Estate,
after advancing from 15% to
17%,sank to 15,but moved u;
finally to '10%. Grgywe Cananea rose a point to 17 bu
closes at 10Vo.
Greene Consolidated Copper also gained ;
point to 25 but fell off to 24%.
United Copper common wa.
active and advanced from
61%
to 62W.
Trinity Coppei
sold down from 22 to 21 %>.
Nipissing Mines was heavib
dealt in, moving up from 13V* to
14% and back to 14. At
outbreak of activity in Nevada-Utah carried the
price iron
3 1 s to 413.
Outside quotations will be found on page 987.
up
'
.
Interest
Piriods
range
.
I
.
daily closing quotations; for yearly
following.
W'ritin;
;
954
1-32 of 14
United States Bonds.—Sales of Government bonds at the
Board include $37,000 4s, coup., 1907, at
101%; $1,000 3sr
reg., 1908-18, at 102%; $1,500 2s, reg., 1930, at 104%, and
$4,000 2s, coup., 1930, at 104 %.
The following are the
Paper preferred lost 2 points to 22. Manhattan Transit vva
conspicuously active and strong, advancing from t1
n
5 4
the close to-day being at 5 %. N. Y. v't Cuba Mail S. 8. oj
j
i
d 1-32 of UJ
j
4.04 8645
'<4 4 8595
Delaware & Hudson, Inter .-Metro, and Central Leather
5s,
which have advanced a point or more.
up on a good volume of business
Later the market drifted' into ‘dillness, business at times be
ing almost at a standstill.
Values, however, held fair!;
Industrais evidenced decided strength.
steady.
Ameri
can tobacco from 325 moved
up to 350,
American
—
High.'.,. .4 S345
activity does not signify a larger investment demand, but
simply a little more extensive movement of a few issues.
The latter includes the various
Japanese bonds, United
States Steel, Pennsylvania and Atchison.
Nearly all the
active issues are fractionally
higher than last week. The
exceptionally strong features are Union Pacific, Rock Island,
reacting.
j
|
s
979
from 26
to 294.,,
-
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
TWO
PAGiCS
STOCKS—HIGHEST AND LOWEST 8ALE PRICES
Mmtvrdav
Monday
April 22
April 20
| S8% 94 4
96
97*4
f
9^4
'*88
l
*90
594
128
*•110
*90
’llu
189 4
84*4
f*
i
176
: *60
1 *186
69
;*134
136
;
152
*195
1*136
161
220
-*160
180
*&
«
16
4
16
i
4%
36
704
70
*106
109
2634
2/
*69
60
*464 48
3 84 4 lbj
474
474
28 4 23 4
*74
78
,
*
*784
*12 4
•22 4
158
137
164%, 155%
225
13-84 13b 1
*15*
‘5
•18
130
O'
10'
4 4
44
16
10
71
72 4
*100
109
264 27 %
57 *v 694
59% 69 h
4 8
•17% 47 4
-184
] 65 ■% 1 88 4
187
188
*
4 < O
*4.2
47 6
47a
*
'
*
128
1 2 %
29
-
73
*12%
24
*
VO
*59 4 7%
*
4
60
3 1
39
*05
*88
38 %
*05
70
93
135
*
'
*470
29
*74
*7-1
*
12 %
*23
•[)
/ 0
93
v8
C
)
tTJ lq
j
7o
78
14 %
53%
3.%
60%
8«4
•12%
*
*
3 1 %
•i>5
*
88
i
80
90
’
854
I
1
cfe Om.
Do
0
c
26
1
80. Shore
Do
Do
70
93
oo»4
■
•
I
k
138 4 138%
*94
99
*21%
2 i%
49
494
*02
b5
107
137
‘•lUO
••130
l
;
364
654
36%
6j4
74 4 74 4
*123
130
*62
64
.
*71%
23
118% llo>4
‘
*41
43
120
•110
•77
•174
v- *37
t
i
t
•
.
179
38
76 4
4
75 4
*76
85
ISO 41544
1164
*9u 4 27 4
116
•Vo
*97
124
•*70
*93
3
lo3
103
J’24-%
72
10O
1054, i07
86
0% 147
04
30%
Do
Iowa
i
*21
nu%
60
*20
*05
96 4 J
(j 0:
'J.h
00
70
139
139
*91
100
214 214
89
49 4
86
193
lo7
2
504
85
107
•82
104
134
13141344
76
123
*62
76%
j‘123
13U
*52
54
j
64
21%;
118% 119%
43% 43%
120
•Ho
78
•77
170
177
3b4 084
38%
75
76 %
764
*
75
85
*75
134 % 130%
134%
110 % 117%
1 10%
27
99
99%
*90
103
*95
120
85
177
80
J126
*
*214,
118% 119%
'110
-77
177
•77
179
30%
7 7
'82
133% 180
'100
*02
36 4
*
21
55%
ITEV/
lixd
!
Ask
^.eiua
...
Jim.
j Chemical
\fJHK
America‘
Auttrr tuxch..
Ilunk*.
375
,’iuzeiiti' Ctri
215
225
509
23a
J
J.
245
Aster
] Coioiuai *,
...
Ceiumbia*
< Commerce...
< .’oneolntii Led
..
jbauery- Dark
ibowery*.
iifcJuu;li%
6c Dr
Ueutiiiv
*
Chaee
Uhat .'lain
CiiifcUea J
120
32<»
100
!"0
-09
<•*
200
!
'
11
350
J20
....
.>
130
330
lopper
jc’rn Lxcli*;
DiacoiiuF.I
j.LaHi itiver..
j I- idi'ioy*'
...
...
i0
11/0
2 55
2 i 5
299
85
83
207
07
30
22%
66%
85 %
*35
30
*20%
22
5o4
55
b5
117
21%
i .0
1 50
i 9 •,
TRUST
IlmikK
409
7 2 5
Do
t&
48
bO
97
iuu
499
799
91,37b
pref
8*3*.830
299
pref
7,7u9
Company
prof
JL.dHs.Pr., 1st pref
Do
2d pref
lAruis Sooth-western..
Do pref
209
29
l>o
SL
7
7
109
Alar25
Alar26
70
172.4 Mar27
34 % Mar25
7 i
Alari4
89
Mar 1-1
114 4 Mar26
Alar 20
Alar 15
1,3
29;»
Alar 20
3d ar i 4
A1 ar'2e.
93 % M ar i b
Alar 14
91
84
Alurio
83
Marie
17% A1 ai”2 < -
40% Alar’20
59
Aliu-18
29
Al ar z5
lb
Marl’d
Mar 25
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025
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..
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.
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.
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..
.
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t.la
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M <*re—TtJb
ttSi
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ttsiHSbsto'tc
16/%
.
'
21.9
595
Ask'
Hunks
Jan
3
Jan
4
Mar 0|
Jail 5
92% Nov 99% J* lie
Jan 3 104
May 184 % J’ne
Jau23
33% J’ne 55% May
’
70% J’ly
24
48
h7% May
J’ly
34 \ Jan
J’ly
03% Jau
77 • Oct
84 i Feb
22 % J’ly
3T% Jan
49
71
J’ly
Jan
27 % J ’ly
44 % Jan
7o
Sep /9J% Jau
-
014 Oct
81% Jan
6 13-J 4 May 150% Jan
149
Jan
Sep 102
4 Jau
103
J’ly 127
18% M ay- 29%
58 % Dec
84 ‘4
90
Apr 100 4
134
Dec 104
103 % Apr 183%
29
May 43%
04 4 Apr
70
O
Jail
*>
Mar
Jan
1
4
1
-
Jau
5
Jau
8
% Jan
25 % .Jan
,*
40% J’ly
1
T-ix-ficiitw.
pnipertlea.
J
A1 etrojioii’n'
M L Slums';..
Mill u:ti*
N
He
Bari*;
New
It 10
1.11 It
.
195
liter.
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.
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.
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190
3.5i>
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17o
390
105
24 0
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New Vut K
1
S'V,
190
1 ft 5
....
< irieiil.i
1
-
...
i
i.»
an
Mur
Jan
Nov
X’ov
Apr
514 Fob
20 ‘.2 ,\1 ay
\
27 v
0 «%
97
%
May
HO j’ly 120 -v
31 % Nov
4 %
93 % 1 )»-c 103
28
-i"%
Mnv
48% May
01
-
121
25
Nov
-4
Dec
25 4 .1 ’ 1 v
45
Fly
Jan
Sep
Sep
J ’ns
Jan
Jan
oct
J an
5ii
Jan
40 o J an
59% Jau
A
,tk!
Hunks
1
lint
Park
230
1 to
lh‘ople%1|....
JO"
FaciKcU
172%
105
200
150
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1'liVZU'!....... ..•To
2 10
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Sea t)i >;t rd
Second
.
39.5
110
,
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_
75
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-
To
.
.
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31 Ih SI reel..
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.
23d
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3-5-1
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79"
3.50
2 2"
45"
li'o
|
|
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|
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nay.
/ Le»M-iua»i 1 o,) Divert*-i
♦ bait at S'.o-.k 1
Exchange or at auciiou tins wea k,
c 16 beueiicta! iuterest iti ore
J an
Dec
J an
8a % May 100% Jan
133
M uy 149 % J an
30
o9% Jan 9
Apr 69% Dec
18
27
Feb 14
4 J’ne 30
Deo
134% Jau lo 126 Nov 150% Jan
59
03 %-Jan \
73 % Apr
Mai
l lo
Jau 10 11 i
Apr 120 -8 Jan
80
M uy
92
91% Jan 7
Dec
189
Jau 9 L->9 % Deo 20-1% Jan
43% May 57-4 Jan
48% Jau 5
81
Feb
92%Jan 6
97% Oct
89 % Apr
90 % Jan lo
90
Jan
189% Jan 1 179 4 May 232 % Feb
134
Feb 13
124 % Jan 7 103
Jan 142
J’us
105
Jan 100
J an
"Alar 8 105 % Jan 135
125
May
14 1% .J an
b 122% J’ly 147 % Jan
76
78
Jau22
Jan
May- 87
106% Jau f) 100
May lo9
Aug
139% Jan 7 112
May- 0101 Jau
89
92
Jan '1
90 Man
Sep
90
94
.Jail
J an
Apr 102
22 % J ’]y
3i% Jan [,
32% Nov
00
01 ‘y J an u
6.1% Aug
J’ly
00
70
Jan 11
Feu
72%
11 hi
Mfttropolm *i.
160
200
220
510
..
..
73 % Feb
5 <
Deo
1189 Mm 23 i% Nov
437% Mm 500
May
30 'tf May
51% Jan
83
uc.
91 % Jan
7 9% Dec 102
Feb
10
22%
Jan
J’ly
32
A pi
45
Jau
38 % May 50% Jan
74% Dec b3 Jan
02 % A pi
70% Jan
08
Dec70
Jan
80
J’ly 94
Aug
c 1/ 8
Dec 348
l-’eb
70 ‘.j Dec
85
Dec
81 t X ov
92% Jan
11% Oct
23 % J an
33% Jan
53
Aug
77 4 Jan
97% May
May
gUOTA I'lONS
16.6
too
1100
llnosbi
5«5
5 25
156
5 00
i - .7
2.50
1 .0
1
*
47 % Mat
00%Apr
43
Jan 17
145%-lau
Mai 20 140
48% Mar23
20% Mar28
15.179 111 % Mar 14
2,699 35 4 Marz3
prof
itoek Island
SL
5
75%Jail
07
Jan
Marl-1 108
19,3 o 9 3" 4 Mar 20 44%
2.750 59
Alar20 72%
7,299 01 Mar U 92%
29 119
Alar Vi 147
;...
1> MUUil*
IvLst peref
21%
414 Jau
Mar26 14 0
lob 13
Mai 28 107
Jan 23
Mar 14
2 7%Jau
6
Jan 15
Api 11 59
Mar20 90
J an 24
1,099 123
Texas
COM PANLWS—BROKERS*
j hid
1 4 l.ii >1 rv*,eV,.
<
1JO
.'05
Mar 13
Alar 25
*
Ave?..'3390 -1200
! Filin
■
•
! t’/O
j'Fifth
il Fir .Hi
2oO
.49
109
2,8U9
Do 2d
5
r. • ■*
1,699 ■1 •’
6’2 % Feb 1
Seertfeera Pacific Oo
134,589 09% Marl4 90% Jan 14
1 1 i
O 19 1 12
Do pref
A! ar26 118% Jan 1 4
22
22
SotcubetsB r.tr. cfs. snteped
13.799 10% Mar 2 5 34 Jau 5
u7 %
0/4 07%
Do
de
2,325 03
pref.
Apr 16 94 % Jan 5
28% 28% 'Poeee 4- Pacific
24 :t Alar25
3 i % Jail
?
*110
120
liirl Av«n« CH. Y.)...
1"1
Mar. 4 .23
Jail 8
20
20
299
TeVede Rail ware 60 Light
24
Mar_b
29
Jau '7
29% 29% TeL St. lx. A W. v. tr. 9\Mh
2,329 23% Mar2ti 3 3% Jail 5
5 3%.
5 4%
Do
4 5
pref. vet. tr. cntf»
4.23
Oar 8
5 4 •„ A pr i 2
84
-
:'/3
Minneapolis <fc st. Loaia.
Naah.
6k St, Louit
aLof Obatt.
ilex, uon-ciiBi.pf
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100
110 4 112'
*83
85
*82
b5
07
7
90
15
103
6U
:
51*9
6k Hudno*..
4 3 % N. Y. Cluo. 6c St.
Louis...
IIS
Do
1st pref
bo
Do
2d pref
180
N. Y. N. Haven 6k Hartf.
33% N. Y. Ontario &, Western.
77
Norfolk 6c Western
BO
Do
adjustment. pref.
154% Northern Pacific
110%
Do Hubecrip. re css...
*48
AND
i
29
7,659 lio
99% I>acific Coast Co
1,799 90
L Do
1st pref
101% 101%
30*0 95*
Do
2d pref
120% 120% PennsylnuiLB
121,455 114
•70
7i
iuo
PiWeb. OLn. Chlo. <fc st, L.
07
*93
•96
72
100
*81%
709
62
08
1,117
119% N. Y. Central
22%
60%
<37% ! 4 7 %
259
Coal <k Iron.
A
iUi
99 4
83 >4
110
117
EA.NKb
1324
109% 111%
84
•43
4
103
102
85
23%
*80
125% 120%
*70
-93
54
*37%
704
77
98%
*96
110% 112%
85 '-2 85 %
21%
tf.iUo
13% FeO
11% J’ly
7
01%Jau 8
28 % J an 12
07 % Apr 20
07 % J iUi 9
194 Marl8
On
Apr 2
*19*9
"11*9
Mar 2 5
45
"
LonbmJle <fc Nashville...
Yf anhattan Elevated...
ilJLfctropoUtan Street
Mexican Central
1,5%
Do
pret...\
7 04 Missouri Pacitlc
125
*52
•109
*75
•179
38%
•80
85
132
134
110 4 117
118
*110 4 U7%
99 %
’UH-2 lot)
103
*96
103
J 03
lot 41014
127 4
125% 1 2 , %
72
'7"
72
100
100
*93
*80
litLIllin
2,959
pief
374 Mo. Kansas
*21%
118 %
42 %
120
85
179
38%
70 %
86
130%
54
53
*21% 23%
1184 ID'
*42% 4 1
'43
1
»
064
75%
]*110
loj 4 1014 *100
125
120 -U 120
(O
724 7^4
*13
loo
1074 Ho% 109% 111%
*
30
76%
75%
130
’
ll»4 120
414 4i-\
pref
Do
pref
104% *lo2%lUd% Minn. 3. P. <fc S. S. Marie.
134 %180
Do
pref
134%;* 132 130
36‘a 37%;
30% 374
65 4
05%] 05‘•j 06'
80 *v 37-V
05 4 05%
74 4
76
123
130
*62
61
*214 23
pref
Dec
Dec 109% Jan
7
89
7 119
J’ly 118 Jan
9
29% Jan
41
Oct
134
Mar 20 1/2
6,223 22 % Mar25 39
2,425 52
Mar25
754 Jan 7
099
18
Mar 14 28%Jau 4
999
39% 51ar25 51
J an 7
74
Mai 29 80
Jan lu
4i9
Marl 4
18
30%Jau 5
Lake
Do Erie<fc
pref Wontern...
139*4 139 4
99
22
14
1,399
Long IbIaikI
1394
4b
209
Jan
Mar
98
Jan
02
Jan
LS4 Jan
42 4 Jan
70
3%May
9
4
14 %
■'
40
Aug
J’ne
Nov
25
.
Jan
Apr 2.) 47
Apr 1 80%
75% Mar 2 8 114
83 % Mar28
94
A pi
9% Apr
21
11
19% Jau
39
30
72
’*690
anaae
00
121
Mar
8
2UU
central
Do
192
10 225
b 108
19 17o
Apr 4
Mar 25
Mar25
120
59
125% Sep
9L
10
ot£.A
KC.Ft.S.«fcM.,tr.
cte. ptd
City Southern..
70
*i>0
12"
139
*94
117*4 1204
*83
9.850
deb. otf.
Do
Mar L i
Mari l
99
40,311
110% Sep
100
Jan
167% Jan
14
15
38% Jan
09%Jan
58% Jan
27%Jan
21% Mai27
5 1 % Apr i 6
3 4% Mar25
1,2 Oo
n ter
00 4
19
254
•52
Istpret
brof
2d
IUinovt
Oanirai
boro-11
etropolitan.
20
80
110
78
170
o&
4
*70
24
23.25U
0,1 70
Bay A W.,4ao.
25
.\iar25
b
Mar, 5
2
5Li rue, 510
Jan 24
Marl 1 42% Jau
Mar25 83 #h *J a n 111
Marla 89 % Jau 10
‘20
Do
in
Mar25
Apr 3-
9 \
Atl..
35
pref
LT'rie.
Hocking Valley tr recta.
Hooting Valley, prof
80
*20
•Gw
22 %
1,100 57 %
1,050 4i
3,* 15 107
1,890 145
1,950 28 %
09%
59$ 05 4
*■ nlted
Do
39
AI
0*270
p
D O 1q
Apr 25
Mar 2 9 141
Jaw
5,828 129
Mar 20
49
Jan
15,577 137 % Mar2. 05 Jail
4uo 209
Jan
Apr 4 34
lOo UU
Alai 25
79
Jan
LOU
Jim 18 05
Jau
5
Mar29% Fel)
3<><
9
Mar-37
25
Jan
4
6,000
Mai 14
0 4 Apr
3.809 11 %-Mari4
li*% J mi
2,900 03
Marf*
92% Jan
100
Feb21 108%Jau
0
1
59
15% Apr25
J,3'2o 122 % Mar2-i
450,145
2,323 L12
10% paid
0
2 m
84
25 4
00
‘18 4
3G4
0
4
Pa
pr**f.ctfs.lO%pai(l
0
10%
3U
84
*
864
100
1,890
Havana
Eleotrio
Do pref
145
145
2 .>4 264
oo
oi
J 8 4
19
*
<fc St.
Mar 19
19% Apr 25
75
Apr 2 4
4,000
prof
74 8 t)
14% D
26
83
•oi
59
59
77
b3
Milw.
Highest
Oct
99 % Jan
71
J’ly 94 % Jan
115, Jan 29 121 Nov 153 % sep
135
Jan 4 139% Nov 150
Deo
85% Feb b
Jan
83
87
F'eb
19 5 % Jail 4 155 % M uy 101
% Deo
05% Jan 14
05%J’ne 70 -* J an
.219% Jan ? 204 May 239% May
50
Jan r51% Nov 65% Aug
27% Jan 5
25% Sep
35% Get
O.t
Jan f.
70
Dec7?4 Oct
18
Jan v
10
j’ne 23% Jan
79
Fet> 25
79% Sep 80 v; Jan
71% Fob 14
79
Dec
80
Jan
20% Jail 5
24%Nov 39 % Jan
157%.Jan 14 4149% Dec 99 % Dec
105% Jan 6 'JlOO Dec- 18
Aug
30% Mar2
i4% Mar
16,4-jO
£ aDHV. & Terre Haute..
l>o prat
135 % 1374 G eat
Northern, pr«i
0 1 % 02
Temp ctfs for ore prop,
93
130%
02%
02
Z3
23%
•J ~ii ^4
'<0
.
08 St
69
23 %
135
02%
02
Oo
05
50U
prof. “A”.
pref. “B”..
com.ctfe
en
-25
40U
li'.950
debenture*
94% Jan 10
83% Jan 7
Marl4
.Jan 4
Feb 18
Mar 2 3
Mar l 4
Mar 35
83
55
0,000
c
4 p. c.
5 p. c.
4 p. c.
Mar 25
454 Marl4
95
Do
1st preferred
•4 7 ‘4
48
47%
Do -2d preferred
l."5 'a 186
1
iso
joiaware
Hudson....
•4iO
*t‘/3
475
Felaw. Lack. <& Wwt’u.
29% 29% D
29%
•74
77
77
Do
rat
'25
24 %
*05
*
8S
13/%] 135% 1 57 %
0l
5' *
'47
1,-0
26%
26%
20%
00 %
87
35
*
*
•23
>4
200
51,840
*
Lowest
82% Marl 4 1084 Jan -7 85%May
Mar 2 5 101% Jail 12 x98
Dec
Mar26 133%Jail 5 131 %J’ly
99% Mar25 122
Jail 5 lo5%Muy
*
75
4 <
4185 Jbl
4,0
4 / 3
30
28% 2-*S%
70%
1 4
78
80
75 4 7•*'*«
14% *12% 14%
25
*23
26
24%
24 4
2 4%
50%
v
"OS
50
*74
i *88
93
183
13.j =
,
604 64
f! t.
*99
004
prwf
Range lor Previot*
Year(1000)
92
94
12,250
Do
t
i
139 %
139% *110
Do pref..
*
84
84% r
175
81 175% /
175%
*02
04
02% V 'awada Southern
*185
193
195
0
4t% 41% C
41% 42
10% C
•14% 10% *15
5'J
59
Do pro!
42%
17
59
99 4 I
90
58%
*
3 61
c
59%
128
CO.700
1,100
2.490
’
64
36 4
f *66
59
13%
76%
69
98%
*89
90
*89
58
*
14
25
231
154
i
153
*200
91
01
RaHrtadh.
toh. Tepeku/fc Santa Fe
Do * yref
94% 95%
96% 97%
104% 104% A
97%
STOCK
EXCHANGE
April 26
104 %
98% 99%
1Oo L
41%
*15-4
Iridav
95%
Range lor Year 1007
Sates 01
On oa&is of 100-share lots
the
Week
Shares
Lowest
Highest
STOCKS
NEW YORK
13
li
- 1 L
1" %
12%
75
7 1
70
*73
76
52
55
51
50
54
52%
1 0 %
17% 17%
1 7 %
15'10% *15% 10%
135% 137% 135 % 1 37 % .135 4 130% 134% 130 8
*
103
*153
150
i 1 54
150
450
4 15-14
129 4 i 20
120
129
120% *119
120
120
130% 137
130
130% 137
137
130
IA 7
162
155 %
in2
153
152
151
152
1534
*2JO
203
212
212
218
2zU
*'>12 2'25
ioi>
’135
110
*135
149
'135
149
1511
ISO
*160
180
*159
180
'150
180
*6
OF
5
0 %
‘5
r>
0 %
0‘s
15
15
‘13
10% •15% 25% *10
17
4
'. -1 %
‘
4
4 %
4%
4 %
4%
4 ’4
13% 15 %
15
13% 15
15%
14% 14%
71
72
7 1%
7 L%
7 2 % *70% 7il
71%
*
1 Oti
loo
10;>
*101
109
109
109
*105
20 %
27 %
‘26 4
20 'e
20%
1174 119'
136
194% 1U 4 %
*88
57%
42%
10-j
10%
*
28 4
t
42
13%
140
*13
*
170=
*10
*55
....
94%
*90
104 %
99
12b
13d1-
*
69
18
184
338 4133 4
^l&l
*
116
118
96%
.
*99
128
*98
*119
139% *110
*
*......
84%
84%
175 % 176%
175 % 170 4
175
02
GO
02%
03 s
*02
*185
195
*185
193
*195
184
70 4
h *75
l *66
Ihursday
April 25
*
•60 4 62
■186
195
414 42'
•
15 4
171
414
174
184
'
‘90
*110
845
176
02
190
94%
I
99% 100'4
89% 89%
69-a 01%
90
61'
124
139'
'
1754
414
*164
’
90
69 4
96%
90%
90
104 % 105
98*4 100
92
69
95%
96
105'
10*4
ednesday
April 24
1
f
Tuesday
Ajrril 23
94% 96i
102*4 ioi 4
»;
W
*|siuto ii.uia.-. a li.x •illvi.lend and ngnts.
6 ,N*'w mnrtlt.
hint ljiHltiin’t paid. H Sold at private sale at thia urice.
New York Stock
1907.]
Record—Concluded—Page 2
STOCKS—HIGHEST AND LOWEST SALE TEJCES
Saturday
Monday
April 22
April 20
136
96 4
137 4
*86
S3
«
94 4
•96
138
*86
Tuesday
April 2d
98
88
37
37
3 i
37
61
*51
61
J 4 4
*
26 4
13
•25
*16
14 4
26 4
144
254
*124
144
13
28
•
25
*15
*18
*39
96
96
140 % 143 4
*86
88
*31
38 4
1414
*37
Wednesday
April 21
Hi
14 4
26
26
13
§13
29
17
19 4
42
*26
*16
14 4
26 4
13
29
17
96
96
Thursday
A pril
Friday
25
*96
*12
97
*86
IVin
57 4
•i-1
26
57
26%
13
Do
pref
abash
\\7
▼
t
Do
prof
Wheeling <fc Bake Erie...
Do
1st prof
-
*
.
100
1,17.
620
113
..
•
1
66
87
82
87
82
106
74
§ 103
74
103
21
*16
19
*304
*79
*99
•/ 0
•16
•62
374
66
•414
•101
•71
36
100
•28
•27
•103
•63
*230
74
*60
42 4
43
102
103
78
4 374
1604
29
544
614
42 4
43
43
7234 7 2 %
*7<4 38 4
100% 101^
29
294
65
103
28 4
29
28%
.....
37% 37%
§85
*28
*72
38 4
101%
101
37%
4
29 4
28%
28%
29
•
*37
38
85
•80
no
*72
*17
*62
.
••
73
38 %
1014
*72
37 4
37% 37%
*81
73
85
12
37%
100'tt101 %
80
284
29 ft,
104% 104%
10 4 %
*68
72
37
101
prel
*28
29
101% *103
104
9
% Mar 4
16% Jan
37% Jail
21% Jan
‘25 % Jan
51 ft,Jan
22% .Carl.
14
16
36
Mar 14
Marl 4
Marl4
•
7
7
5
7
7
6
l(M 1
12 i
7 i
A pi
50
55
Apr
IS
Dec
36 ft, Dec
16
Apr
36
Mh(
4 ft
21% Oct
23
Mu>
44 J’ly
29 ^ Feb
J an
33
61
Jud
104
72
280
4104 4 *103
72
280
108
74
260
*70
*70
*240
•
BANKS
Hunks
Bid
Ask
Union Ex clil 220
240
U S Exchu’el 1°'* % 1^0 ft)
Wash.li’htsl
Weal
Siilo^..
Yorhviilol,
..
2‘2 5
600
400
Hnutis
Mechanical,.
300
320
Nassau
260
305
280
.150
375
165
City
..
..
130
L'ermiual
......
.
150
110
Bid
Ask!
CITY
Bankers’ Tr. 490
Bowl’gGreeu 430
liroadway'l'r. 150
175
BankT
I’rospeetl’kl
Trust ton.
N. Y.
M aim fact rs’.
N at
175
150
Ask
390
160
4 00
North Side*.
Borough*!
Broadway*,
BrooMynl
AND TRUST COMPANIES—BROKERS’
lUtOOKLYN
First
Homo
BUOOKl.YN
Bid
75
•240
3U0
83
83 %
Carnegie.
..
t233%
Central
Ti’st 1350
Columbia.... 220
Commercial. 215
Common w’th
330
Empire
Equitable Tr
Farm Lode Tt
510
450
460
......
lr.
:06b
.’30
.’30
145
4 40
135
300
Trust Co’*
Bui
Fifth Ave Tr
Fulton
300
Guaranty 1% 430
Guardian Tr 2 40
510
250
105
..
..
Vietropolitai^
JdortonTrusi
Mutual
570
.....
120
t Bid and askedunooe; no aalea on this day. § Leas than 100 shares. t Kx-rights. biion stock.
*8aid fct Stook ExQhaugo or at auction tin* week, o Ex stook dividend. « Trait Co. certittcatea.
550
.
Man halt <:tn
c
4 Fe b
......
......
100
125
30b
1,839
1,037
36o
2,425
S8
‘200
Mar 13 90
Mar 25 247
5% Mar 13
8%
♦4 % Mar 5
6%
20
Mar 13 30 ft,
72
Apr 22 88
12
Apr 2 5 19%
25
Apr23 36
dan 21
Jan
51'
5 *2i5
Jan
35
7
55% Mart 5
2-t% Mar27
86
Jau
Aug
114 J an
10
43
Jan
Jan
91% sep
29
Dec
4 Jan
53% Jan
73 4 Jan
103% Dec 120 4 Jan
63 % May
Feb 21
40
Mar 2 5
95
Apr 272
Jan 11 j ' 7 % M ft'
5 ft, Nov
Jau lb.
Jau 7 24 fsov
Jan 2
^4 ^ Ull
Jan lo 16% Dec
75% Feb 15
122 Ml
Mar 2 5 111 % Jan 21
§7% Apr 2 §7 ft, Apr 2
......
Dec
90
....
......
92 % Dec 1014 Jan
138 ft, May 174
Jan
1,550 100 Mar 2 5 117%Jau 7 jl 1*2 Dec 130 Jan
197 ftj Jan 11 205
Jau 18 b>uO
J’ly 220 Jan
§95
Apr 1 § 100 Apr 6 jioo
Dec 107 Jan
50b
7 % Mart 6
16 4 Jau
9% Noi
lo% Jan 5 i
1
34
40
Mar 14 47 ft, Jan 7
May 53 4 Jau
5
151> 114% Mar 14 187
ftj
»}
157
Jan
M
ft, Feb 13 112 7
213,320 104Mar2d
x
93%Jan
7
155 Jun
7
......
......
lb 1*2 2
51 ar
50 11.8 % Mar
1,199
1,06b
665
24
95
46,b6u $53
3y iU8
11
3i5 41
......
2,Oi0
310
13.46U
•1,70b
25
89
29
20
3.793 110
2,477
84 u
6,7 67
5 131
Jau
2
4
25 133
Jau
86fti Mar-iu 98%Jau
iliSftjDec
!l3o
96
6
7 1 18
101
5
lo 1223 ft.
14i li)j ft,
4! 13 %
3i 4/
MarJb 40
Feb 15
33%
Mar26 102
Feb 8
93%
Mar 14 57% Jan 8
40%
Mur 26
Marl 4
36ft,Jan
102%Jan
Mai 14 302% Feb
Mar*. 9 121ft. Feb
Mar 16
14ft,Jan
-Mar 6
49 % J an
140
Jau
j’ly 144-4 Jan
■
J’ly
109
Jan
Nov 43
Jan
J’ly 1104 Jan
May
300
Feb
Nov 173
Jan
J iy
214 Apr
51 ay
Apr 70
Dec 49 4 Jan
Dec 107 4 Jan
Day 834 Jan
17
30 4 Not
May
28%Apr 5
140% Mar 1 130 % Apr 1814 Jan
24% Jan 2J
18% J ly 28 Apr
88
Jan 28
74ft, May 854 Apr
Mar 5
Marl5
17% Mar26
Apr 25
77 ft,
Mart 6 78
51
Jau
Feb 13
74% Sep
31b 137
Jan 199 Jan
Apr 19 163 Jan 16 138
850 SO
Marls 97
91
Jan 14
J’ly 1134 Jan
4,111 xl36 4 A1 at 14 163
Jan 22 X158 Dec 181
Oct
50 120
Mar23 162
Feb 13
600 13
Mur 2 6 18 ft, Jan 7
16 ft, Sep
264 Jan
845 73
90
80
Dec
Apr l 81
Feb11
Jan
500 40
Marl4 50% Jan 15
48
x95
Jan
Sep
2,276 26 Mar25 41 Jan 7 28 Jan 60 51 ay
lOo 7 4 ftj Mar 2 6 81
79
Jan
92
Jau 14
May
60b r62 ft, MurlS
75 % Jan 94)
650 x.i3
Mar 15 71
Jan 24
400 75% Marl4
62
May 79 4 Deo
86% Jan 16
Mar 26 117% Mar 5 113 ft, Jan 113 4 Oct
ill
12
10% Mar26 16% Jau 6
May 18 4 Jan
loo 79
Mar28 87
82
Feb 15
88 4 Mar
Sep
Mart 5 7 8 % J an 7
66
10,99b 49
May 95 4 Jan
920 98
Mari5 103
Jan 5 100% J’ne 1064 Jan
6’2
......
....
.
.....
......
6,800 $18 % Apr 15 $20% Apr 18
2,b3o 100
Mar 2 5 14lft, Jan 7 i33
J’ly
600 69% Mari4 89% Jau 4
37 ft, Nov
1,900 21 ftj Marti 41ft, J an 6
28% J’ne
51ari4 9»%Jan 4
3,000 85
88
J’ly
3bU 11% Apr 13 16% Jan 15
13% May
50 49
Mar 15
50
60% Jan 4
J’ly
2,810 30 Mar 2 6 67 Jan 10 43
May
95
1,561 86 Mar26 99% Jan 24
May
182 150
Mar 14 181 % Jan 8 180
Dec
1,200 39 Mart 6 57 ft, Jau 10 44 May
90
Mar 2 3 99 ft* Feb 15
97% J’ly
6,800 22ft, MariO 41
Jau 7
22% May
Mar
78
2
6
91
2,905
100
Jau 7
May
68 ft, J ’ly
1,510 42
Mai'14 77% Jan 7
100
Mar 5 107
Jan 11 10 4% Oct
**20b
130
Mar 2 6 162
Jan
4
1634 Jan
107
Jan
614 Jan
103
Jan
184 Nor
62 4 Jan
644 Jan
05
10
Fob
Not
624 Jan
107
Jan
414 Dso
110 4 Jan
97 4 Jan
113
Apr
Jan 1166 Not
129
3,480 $34% Mar26 $53 % Mar 1
Mar 26
5% Apr 15
eft
50% Mart 5
85
Jan 17
60
5 ft,
52
7
43 ft,
49ft,Jan 5
83 %
89
Jau15
§117 Jan 9 109
75
90 ft, Jan 4
24
30% Jan 28
60
68
Jan 7
38
52ft, Feb 16
;09% Jan 7 zlU4?t
8% Jan 15
61
Jan
78%Jan 7
5U% Jan^ 7
I07%Jan 7
1.809 $24
Mai'2n $39 ft, Mar 4
700 25 ft, Mar25 3?%Jau 7
460 101
200 55
loo 255
Mar 2 5 108
Mar 2 5 97
May
Sep
88
Oct
84
53
Got
154 Jan
Jan
May
Jan
Dec 96VJan
May 1384 Jan
Aug 914 Jan
Mai
40% jus
„
Mai
81
Jua
J’ly
J’ly
534
Oot
J’ly
53
xll5 Jan
75
May j87 ftj Jan
50 4 Oct
32% J’ly
98% J’iy 1134 Jan
Jau 9
Jan 22
Jan
J’ly 1174 Jan
93
Deo
Mar 305
Oot
Dec 91 4 J an
Jan
Aug 176
Nov 188
Jan
May
QUOTATIONS
Ask
Hudson
95 ■
kniek Tb’k’r 1250
Law T 1 dJTi
27b
Liucolu Tr... 370
390
M©roantil©
53% Feb
*21% Feb
......
31
104
72
70
70
Virginia lion Coal ds 0..
38
•
260
300
*240
IvToils Fargo dfc Co
300
Apr 12 §290 Jan 26 233
83 4 834
*824 83
82
824 83 4
est’n
83% *33
Union Tele’gph
83%
1,581 79 ft, Mar 0 85 Jan 10 X33%
•144
146
145
145
*1444 145
'144% 145
143% 144% 144
144% Wesl’gh’seEldbMfg asset,
1,150 1 43% Apr 25 151 Jan 2j ,143
*147
165
*147
165
•147
165
*147
*147
165
165
}U5
143
Do
10 §145 Apr26 1X45
1st
pref
162
6Apr
105 4
71
280
98
* an
93 ft. Jan
26 4 Jan
§280 Marl4 §295 Feb 14 §240 J’m *300 Aug
Mar 14
10
1 t) 'g
16
illl [)
J’ly 27% Jan
25
Mar 14
40
67
Jan
43% Jau 3
Sep
255,340 78% Max -0 1217a 3 an 5
92% J’ly 118% Feb
450 19
Mar23 25%Jan 8
20
J ly
34 4 Jan
90
Dec 102
Jan
90% Martu 95
Feb 20
20b
14 ft> MarL4
Jan
23 ft,Jau 7
20% May 35
200 7 5
51ar 5
sO
Jan 21
b2 > Oct
89 4 J an
300
5% Mar 14
7 ft, Apr 11
1,965 48% Mar20 60 ft, Apr 10
3,000 31
Murto 45% Jan 14
32% J’ly 47 4 Jan
2UU
92 ft2 Marts 103
Jan 12
98 ft, J’ly 105
Jan
1,140 27
Mai 2a
28
44 4 Jan
Mft>
33% Feb i‘-
U. S. Cast 1. Pipe do Foun.
30% Mart5
Do pref
200 74
Mtu-26
United States Express...
255 100
Mar 5
U S Realty do lmpiove’ut
40b 71 % Apr 1 6
U b Reduction do lietin’g
13 ft, Mar25
Do
100 43% Mar 15
prei
United States Rubber....
400 36% Mar2(
Do
lsi pref
736 99% Mui'tf
Do
2d pref
68
‘200
Martt>
United Stales Steel
218.710 31ft, Mar_5
Do
9
1
prel
24,784
ft, Mai'2 5
Virgiuia-Caiolina Chern..
Do pref
62
Jau
71 % Jan
18 ftj Jau
38 % J au
953
700
200
720
37%
1014
29% 3 It dUtali Copper.... Par $W
29 4
28 4
28%
] mon Bag 2b Paper
U ho
•
105
no
§111% 111%
•
*72
76
75
77
*17
20
20
•17
20
*62% 65
55
•52
66
‘42
*42 4 43%
43
§11% 41%
103% 103% §103 4103 4 •101% 101 4
75
4
85
§105
102% 103
•72
37 4
101
*28
••••••
,
Mar 26
Mar 2 7
12% Mar 14
21 ft Mar25
44
Dec 122% Jan
7 102
5 133 ft, Maj a95% Sop
7
91 ft, M a},
99*4 Jau
......
*
*
Lowest
87% Marl4 t08ft,Jan
120% Mar 14 183 Jan
85% Apr 6 94
Jan
12b
......
Highest
27
1,30b
1,200
*
*
54
54
87 4 37<4
*75
85
1U5
105
74 4 74 4
*15
19
Lowest
355
pref
Eange ro\
Year
Week
Shares
10b
29
17
*15
17
Do
2d pref
$19 4 194
*184 19%
17
194
19%
18 4 Wisconsin Central
•39
42
*40
42 4
§42
42
42
*37 4 42 4
Do pref
Industrial & Iliac oil
*280
300
300
*280
*280
*280
300
300
*280
300
*280
300
4 dams Express
12 4 12 4
12 4
114 114
12 <4
12% 12 4
12 4 12 4
12 4 12 4 5k llis-Chalmers
31
*28 4 30
33
33
33
83
33
*32
31
*32
35
Do
pret
94 4
92 4 94
964
95% 07*4
95% 974 XJ3ft, 94%
93
91% AmalgamatedCouper
20 4 20 4
20
*19
21
*20
20
21
*19
20
21
20
Amei Agricult Chemical.
•
‘.-0
95
95
*80
*80
95
95
*80
95
*80
95
Do' pref
16 4
*16
17
17
16
16% *16
16
i 6 %
*15 4 161. Ainer Beet
16
%
*
Sugar
*
*
*
*
83
82
*
82
82
82
82
Do
pref
*
6
6 4
*6
*6
64
6 4
04
6
6%
6
6 4
6
American Can
*57
09
67 4 58
*564 58
67 4
67 4
57
55 4 5 6 %
57%
Do
prof
37
30% 364
37 4 37%
374
374 374
37 4 3 14
*37% 37% American Car & Foundry
*98 4 1U0
99
•984 100
994 *99
*98 4 99 4 *98 4 99 4
99%
Do
prel
•30 4
31
•304 3 L
30 4 3u%
31
3i%
30
30 %
30% 30% American Cotton Oil
*62
*80
83
*82
92
92
*82
92
*82
92
*82
92
Do
pref
*200
*200
22U
220
*200
*200
220
220
*205
*200
2-0
220
American Express
*
*6
6
6
6 4
5\
6 4
*5%
64
6
6 4
‘6
6 4 American Grass Twine
*4 %
4 'a
5
4 %
5
U‘%
44
*44
6
4%
*4%
5
Amer Hide ifc Leather
*20
22
214 *2U
*20
20'4 20 :,4 •20 4 22
22
20 4 20 0
De pret
7 2
72 4 7 3
74
74 4 74%
-74 4 74 4
73% 74 4
76
76
American Ice Securities.
*12
*13
15
15
13
13
12 4 12 4
12
*12
12 4
American Linseed
U
*25
*3u
35
35
*25
35
254 2a4
25'
*25
25
30
Do pref
03
63
034 6 4
64
634 614
64
63 4 63 4
62% 63
American iutcomotive...
•loo
110
§1064 106 4 •106 109
105
105
*104
•103
110
Do pref
h*7
‘5
*6
8
*5
8
*5
8
8
*5
9
*5
8
*27
*28
32
32
*27
*27
32
32
*26
32
*26
32
Do pref
*89
91
ft 9
*89
91
91
§894 894 *89
*89
ol
91
Amer Smelters See pref B
130 4 131-4 132 4 1354 133 4 13a
i83
135 4
131% 133 4 l»2% 131k Ainer. Smelt’ g <fc Relin’g.
1U3
108 4 108 4 1084
1 Ob 4 1084
10.8 4 108 4
lU87a tu8
Do pref.„
10ft410ft%
*195
240
*180
240
•183
*18.i
240
20 J
*185
200
*185
210
American Snull
•90
*90
1U0
*90
*90
liO
100
*90
100
*90
100
100
Do pref
8
8 4
•8
8 4
84
*8
8
8 4
8
8 4
8% American Steel Foundr’s.
*37
*37
39
39
*37
*37
39
40
*37
*37
40
Do pref
40
124 4125
125
1224 1234 124 4 125
1.6
121% no
124% 12541 American Sugar Refining
•rt3
126
*122
*122
§ 125
125
127
♦122
127
*122
127
Do
1-JO
pref
*
•
i.20
i 2o
125
♦120
125
*120
125
125
*123
125
§(.25
Amer. Telepli. <& Teleg...
l_'5
93
93
•914 93
92 4 92 4
93
92% 924
93
Amer.
92% 93
Tobac. (new), pref.
•29 4 30
30
30
30
30
30
30
304
29 %
30
2'.'% American Woolen
*96 4 97 4
964 964 *j4
964 *94 4 96% §96 4 96 4 •J4 4 97
Do pref
62 4 63 4
02 4 63 ‘v
614 62
62
62% 63 4
62 % 63
62 %
if Anaconda Cop..Far $25
*112
•112
125
*112
*112
125
125
125
♦lie
§120 120
125
Orooklyn Union Gas
*
*11
11
13
13
•11
*11
13
*11
13
*11
13
13
Drunsw. Dockdfc C.Imp’i
*40
*40
47
47
*40
*40
49
48
4 17s
48% 48%
43% Buttenck Co
*
29 4 30
*29
30
30
274 23 4
2J
30
30
29% 29% / leuiral Leather
97
97
*96
97 4
97
*96
97
97
§97
*96
i > Do
97
y7
pref
35 4 36 4
35
35
36 4 3 7
35 4 36
36% 06%
35 4 35% Colorado Fuel A; Iron
26 4 2i %
*26
27
2 74
*27
27 4
27% 27%
28
*26-b 27% CoL db Hock. Coal & Iron.
•130
1 3 L
132
133 4 134
*132
133
134
134
133
133
134
CousoBdated Gas (N. V.).
20
20
*194 204
20
204
203b
19% 20
20
*19% 20
Corn Products Refg
•
i 8
*78
79
78 4 78 4
794
77% 78 4
7<4 774
77% 77%
Do prel
*69
70
70 4 70%
704 71
704 714
70
'70% 0 70% 704 Distillers Securit’s Corp.
140
•136
145
140
*126
140
*136
140
*136
150
150
Federal Mining & Smolt’g
150
*84
90
ft 7
84
84
88
88
87
85 % 86 4
87
Do pref
87
147
147
147
150
149
149 4 148
1484 1484 I48ft< 14741474 General "Electric
•126
*125
135
135
♦12a
*125
*125
13o
136
196
§130
130
Granby Cons MS* P....
15
144 144 •14
*144 14%
134 14
14 4 14 4 1 nternational
*144 15
Paper
*74
75
*734 75
*74
75
7-*
74% 74’4
744
73% 73% I Do pref
*43
*43
49
*43
49
*43
49
*43
49
43
49
International Power
43
29
26 4 284
•27
*29
314 §30
30
30
*28
30
Internat Steam Pump....
30
*77
79
80
*76
79
*75
80
•78
80
81
*784 81
Do proi
69
•684 70
•684 70
70
694 *69
70
70
69% 69%
*68
69
Oas 68 4
09
69
69% 69% §69
60
69
Do prtf
69%
*76
76
70
774 774
77*,
76% 76% *76 4 77
•764 77
Vfational Biscuit
* 113
•112
116
•1124115
•112% 115
*1134115
*113 4115
% 1 15
It Do pref
*114 12 4 •114 12 4 *114 12 4 *12
12 4 *114 12 4 *13
12 4 Nat Enaineiing&Stamp’g
'81
*81
85
85
83
82
*8 L
84ft, *81
*81
ft8
85
Do
pref
00
62
614 62 4
62 4 63
63 4
614
62
62
62 4
62% National Lead
99
99
99
99
*984 99
99
•08% 99
99
§99
Do
99
pref
19
19
19 4
194 20
194
18% 19
18% 19% *11% 19% Newh’se Mines JaSPar$ 10
•114
116
117
§117 117
116 7* 116 4 11 9 % *117
119 4 119% New l ork Air Brake
120
*
74
•72
73
<4
75
744 74 H. *74
74%
75
*724 744 North American Co., new
28 4 29
28
28
29
27 4 28
284
27 4 27 4
26 4 28
pacific Mail
93
92 4 927$
93 4
93
93 7e
92% 93% *92 4 93
*92% 93 4 t eop. Gaa-L.»fc C. (Chic.)
•12
12 4
•114 124 *11% 13
114 12 4 *12
13
*U% 13
Pittsburgh Coal Co
*63
66
*53
56
*53
152
62
65
*53
*53% 55
55
Do
pref
*
36 4 37%
37 4
37
37
•354 364
36 ft, 37
37
36
36% Pressed Steel Car
93
93
4 93%
yj
94
934 934 *93
934
Do pref
934 §y4
94
•165
•105
170
168
•165
*168
170
168
•166
170
170
Pullman Company
170
43 4 434
44
45
44
44
454 454
*43% 45
*43 4 45
pailway Steel Spring...
•90
93
*90
*90
•90
*91
93
94
94
•91
95
LvDu pref
95
29
29
29 4
29 4
284 284
28% 29
28% 29
28% 28% Republic Iron db Steel...
*84
85
85
85 4 85 %
85
8c
85 4
85 4
85
85
86
Do pref
•63
64
64
63
64
64
64
64
63% 64
53% 534 Oloss-Shettieid SU dc Iron
•
*
•
•
*
100
100
100
100
100
•98
O Do pref
100
146
146
Tenn. Coal, Iron db RR...
40
89 4 394
39
404 404
39
40^
404 404
4 39% ^Tennessee Cop.Par #25
39%
•71
78
*71
78
•70
80
*70
*70
80
•74
SO
Texas Pacific Land Trust
78
*
Eange for Year 1907
804.S51
UnitRysiuv’tof San Fran
*•
14 4
*12
♦25
City Rapid Transit.
|U-l1 mon Paeitio
Do
88
3S
*35
13
29
17
*25
*15
*18 4
‘40
the
EXCHANGE
142% 144%
*
13
29
17
Sales 0.’
April 26
!
*95% 9 7
1414 1-13% 141
143%
b6‘b 86 4 j *86.
88
3ft
3 7
§38
37
57 4 57 4 *...... 60%
14 4 14 4
U
15
*25 4 27
26
26
*12
*26
*15
*18 4
STOCKS
NEW YORK STOCK
981
!
Ape. 27
450
s.50
>90
.'25
a 3b
j| Trust Co’s i
Mul Alliance
N Y LUedi i'r
N ew York Tr
SUndardlVt
lhtleGu dc Tr
Tr Co of Am.
U men Trust
U S Mtg& Tr
U ait SKfces
Van N’denTr
.
Washiagum
VN’indaor
Bid
Ask
195
205
1000
715
730
410
525
3»0
.
.....
1752%
1230
1300
4 SO
1*70
300
470
1Y40
275 •
4 00
200
,
115
Trust 1%’s
aaoukLYX
Brooklyn Tr 125
ClUx«iis’
450
150
140
Flat bush
KrwaJi.Ua
Haau.lUe
Hoius
Jenkins
....
....
360
*10
315
I
1320
40*3
330
175
LA«r.
Numb
200
460
310
*60
475
[335
J70
Pss^ls’s
3164
.....
Kuvgs Os
L
Is!
.P..
•ftAisass^’g.
125
Ex-dividend and righto. «4Now quotsd dollars pei'snaz
11 Banka marked with a paragraph <10 axe AWM*
>r
New York Stock
Exchange—Bond Record, Friday, Weekly and Yearly
OCCUPYING
BONDS
Price
N. Y. STOCK EXCHANGE
Wkkk Ending April 26
U. S. Dovenimem
U S 2s consol registered.al93i
U 3 2« consol coupon
dl93<
U S 3s retristere-i
/cl91,'
If S 3s coupon
A;19lb
U B 3s reu small bonds..fcl91b
U S3« con small bonus..k 191."
U 8 4s reelstered
/il907
If S 4s coupon
A1907
U S 4s registered
1925
U H 4s coupon
1925
USP^nC.-n 10-30 yr 2s.fcl93t
PhiliopiMo islands 48.1014-34
Pubwkx ai d imp rev 4s 1935
Pub wks and imp reg...l93f
Koreimi Lovei imiunt
Japanese Govt 6s sterl’g.1911
2d series Gs
1911
£ loan 4%s cits lull pd. 1925
2d series 4 %s ctfs full ]iaid.
£ loan 4s ctfs full paid.. 1931
Repub of Cuba 5s exten debt..
U S or Mexico s t g 5s of 1H99
Gold 4s of 1904
1954
Slate Securities
Alabama curr rund 4s ....192b
Dist of Columbia 3-65s
1924
Louisiana new consol 4s.. 1914
North Carolina consol 4S.191U
Ga
1919
So Carolina 4 %s 20-40
1933
Tenn new settlement 3s..1913
Virginia fund debt 2-3s... 199j
6s deferred Brown Bros ctfs.
Weekfs
Friday
April 26
Range
Range
or
Last Sale
Bid
Ask Low
104
104*2 104 %
104 *2 Salt
104*2
Since
January 1
High
Low
104 %
104 b
10234 103*4 102%
10234
103*i 104
10334 Apr’07
102 *4
101*, 102
10o°b Mar’u?
101*4 102
101% 101 %
1294 130*2 13034 Mar’O 136*2 131*4 130%.vpr’07
104*4 105*4 105 % Oct ’06
109*2
111
t 98*4
t 08*4
t 91%
f 91 %
t 83 %
Sale
Sale
Sale
Sale
bale
4102
Sale
97% 99
!
00% 101%
100% 101%
37
129
1303,
129*4 135%
98*4
98*4
91%
9 1 %
S334
102
97%
9034
91
83%
102
,
30b
194
197
259
9G34 100%
90% 100%
8 734 94%
b7 *u 92%
79
.«5*4
9.S% 1U334
90% 99
92*2 94%
6
98% Apr’07
94*4
94*4
the 0
0 n
to £.
of So
111
Mar’02
117*2 J’ne’Ot
105*2 Dec’04
100*4 Apr’07
103
100
124
126
120
96*2 96
*96'
93
100% 100*4
126
126
Mar’07
Mar’OO
*95** *96
Apr’07
95’4 Jan ’07
24*
23
23
9634
30
9534
20
23
!
li1
4sl941
8outhw Div 1st g3*29... 1925
f'
Registered
■
86
A1995
PLE&WVaSysrer
9876
3ale
Sale
*92
Sale
86*4
863.
93 °8
99*8
10 i
Jan’07
91*4
92
Sep ’05
92
101%.
95
*92
Sale
Sale
100
99
91*4
100
99
100
96
80*2 91
97% 102%
101
10134
37
90
92%
93*2 108%
Feb’07
99
99
96** 96*
91
91
91
9234
9S%
Apr’07
95*2
32
1*3*2 % j'an’66
112% Jan ’04
114% Nov’05
99*2 Mar’O0
88
88
84
89%
90*a
93%
90*4 Dec’06
93 *2 Sale
89
100*8 Sale
92 %
93*2
95
J’ne’06
99%
10U%
120
‘*9*3%
88 34
*9*S% 1*0*2%
100*4
100%.
98 % 101 *2
Oct ’01
Mar’07
9434
9434
*89** *9*6**
93
90
89
89
88%
9034
89
8934 Sale
89 7e
Oct ’06
Feb’07
190b
1*05% 1*0*6%
i’13%
....
....
*
1st refund
conv g
1945
4s....2002
BkCity lstcoii5s.1916.1941
.
?
BkQ Co A S con gu g 5s.1941
Bklyn Uu El 1st g 4-6s.l950
1950
Stamped guar 4-5s
Kings Co El 1st g 4s
1949
Stamped guar 4s
1949
Nassau Elec gu g 4s ....1951
Conn Ry A L 1st A ref
g 4 %s ’51
Stamped guar 4 %s
1951
Den Con Tr Co 1st g 5s...1933
Det United 1st 0011 g 4%s.iy32
Havana Elec consol g 5a. 1952
Inter-Met coll 4 %s
1956
Internal Trao coll tr 4a.. 1949
Louis Ry Co lstcon e5s..l930
Manila Elec 1st A coll 5s. 1953
*
No price
101
86
108
too
105
110
87
1*0*5”
84%
Friday; latest prioe thia week,
Apr’07
85*4
Apr’07
105%
107
79% 92%
102% 163*4
103
100
56 100
Feb’96
Feb’07
8434
86
100
84*4
Apr’07
101%
108
*87” **89*
84%
88%
81
86
103*4 Nov’06
104
Deo’00
J’ne’OO
93% Oct ’06
95
89
90
Sale
72%
*88%
92% Jan ’07
78%
79% 169
72 % Apr’07
109
Mar’98
98
May’06
a Due
Jan
d
DneAnr
91
74
71
93
82
73
«Due May
124
122
125
123
Sale
105
Gold 4s
1949
sink fund 5s..1919
85
10 j *4 Sale
102
92
SalG
93
102%
1*1*3” ii*5**
iio”
126
j
105
107
107
....j 11.1%
102%
Miiy’Obl
116
4 3; j
997alo5a4
2;
90% 1U0%
92% 92%
j|
Feb’06
4H\|
|
99
92
100%
92%
89%
J’ly’06
104
Apr’07
106
Apr’07
92
ocl ’06
102 % Apr’07
132
Oct’06
108
126
107
103*4
104%
104%
103
102% 104
106
104
91%
16*6*7a i*02%
i‘13% 1*1*3%
126
125
126
107
111 %
104 % 104 %
103
100*4
LOl
107
Apr’o7
9*6% *92%
9134
92
91%
115*4 06t ’05
H234 112 Apr’07
108
Apr’Oo
111%
111% Apr’07
lo5%
1O034 Feb’07
109*8
112
10 4 %
******
103%
104%
100‘4
”9*6 * ’*9*8**
io*6%
i*3*4%”"”
ib‘3" *!*”!
...
.
113
101%
99*4
102
123%
113
Saio
122%
122%
100
11.5*4
113*4
102% 105%
104
104
107 % 11 0%
Apr’07
102
104
100% 106%
110% 111%
119% 121
..'102
102
Jan’07
Feb'07
102%
101
107
104
104
95% Mar’07
95
Feb’07
111
Oct’06
111 % Feb’06
106% Nov’OG
107 % J’ne’OG
102%
Apr’07
96%
98
95
95
il00*4 102%
1100*8 10 L
Jan'07
j
10834 Jau ’04'....
107
113% Apr *07
113% I R34
...
117
Feb’06
105*4
100*4
102%
122%
Dec’05
Mai’07
Dec’06
Feb’07
113
100*4 102%
113
142% Feb’(*2
128% Feb’061
109
Sep ’03
113
114
11C54
116% 1 16%
31
9834 100%
99% 9934
100
9934 Feb’O?
80*4
89%
97
J’ly’04
113
.
Mar’07
100
107
*12*2*% 11*2%
116% Mar’07
Sale
102% 103
105*4
Jan’07
114
Sale
8*9%
105%
111
Nov’OG
102 % Apr’07
100% Feb’07
111% Feb’07
120% Feb’07
120*4 123
101.
100
*1*08*4 i*08**4
104
109
109%
103
113
108*4 Feb’07
Aug’04
182% Apr’06
lUG
105*4
+
i*i*6** iYi‘%
10034 10634
137 % .1 ’lv ’99
10i%
♦
112** *1*1*5%
......
119
108
107 %
102*4
109
i*i*2** ii*7%
104%
103
Mar’07
103%
lo3 %
104% Oct ’06
1*0*2% "”I*
1*0*6
89
91*4
90*4
90%
92 % Nov’06
90*4 Jan’07
May’ll!
9034 Feb’U7
93
86
sale
73% Sale
*88” Sale*'
116
111%
80
86
72%
73%
79
87
Dec’05
88
117
Jan’07
9o34
86
08
24
91 >4
117
117
120% Mar’03
105
111
Nov’05
Next Page.
Railway
Met St Ry gen col tr
g 5s. 1997
Ref g 4s
2002
BwayA7tli Av 1st eg os 1943
Col A 9th Av 1st gu g 5s. 1993
Lex Av A P F 1st gu g 5s 1993
Third Avo RR cou gu4s 2000
Third Ave Ry 1st g os.. 1937
Met WS El (Chic) Istg4s.l938
MU El Ry A L
g 5s. 1926
Minn St Ry 1st con g 5s..1919
N Orl Ry A Lt gen 4%s ..1935
St Jos Ry Lt H A P 1st g Os ’37
St Paul City Cab con
g 5s. 1937
Underground of Lon 5s... 1908
Union El (Chic) lstg 5s..1945
United RRs San Frsf 4s. 1927
United Rys St L 1st g 48.1934
W Chic St 40-yr con g 5s. 1936
104
80
107
109
Sale
Sale
110
112
86*4
111%
—.I.
98
36-yr
^Duej’ne
8b %
100
....
112*4 Apr’07
118% Feb’UG
””” 113% Feb’07
Debenture 5s
on
85
-
’ne’OGj
9r
90
102
103*4
IO534
Sinking fund 5s... 1879-1929
Registered
1879-1929
..1934
J
100
1879-1929
Registered
99 ‘4 100
99
101
Sep ’06
10234 Sale
102% 222 *1*0*6*' 1*0*2%
105%
110% Jan ’05
9b % 99% 99%
i»9;V
*9*9% i< 4”
101%...,
101% Feb’07
101% 1U2
101% Dec’06
Sinking fund Gs... 1879-1929
C RIF A N W 1st gu 5s. 1921
M A St L 1st gu g 7s..1927
123*4 125
ill
||109 %
Mai ’O'. J
113% Feb’O;
100
99a4 Feb’1 n
70*4 7 6 %
76 %
68% Gy*4 GS3,
691
80 % May’U5
99
99%
99%
pl987
1909
Registered
1909
Debenture 5s....
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
North Illinois 1st 5s....1910
Ott C F A St Paul 1st 5s 1909
Winona A St Pet 2d 7s.. 1907
Mil L S A West 1st g6s
1921
Ext A Imp sfund g5s 1929
Ashland Div 1st g 6s.. 1925
Mich Div 1st g 6s.
1924
incomes
1911
Chic Rock lsl A Pac 6s...1917
Registered.
1917
General gold 4s
1988
Registered
1988
Refunding g 4s
1934
Coll trust SenesII 4s ..1910
J 4s
1912
M4s
1915
N 4s
1910
O 4s....
1917
P 4s
1918
Chio R I A Pac RR 4s..2002
Registered
2002
Coll trust gold 5s
1913
Bur Ced R A Northern—
Con 1st A col tr g 5s...1934
Feb ’11
98%
Registered.’.
1937
Chic A indC Ry 1st 5s.1930
A Erie See Erie
Chic In A Louisv ref Gs... 1947
Registered
Apr 0Apr’0-
High
lu5 '4 *08
123% 12 0%
...
Apr’07
92 **
Han A St Jos consol 6s. .1911
Chic A E Ill ref A imp g 4s 1955
1st s f cur Gs
1907
1st cousol e Gs
1934
General consol 1st5s.... 1937
Chic Mil A St P term g 5s 1914
General g 4s series A..el989
Registered
el989 OGeneralg 3%s series B.el989 JChicA L S11 Div g 5s....1921
Chic A Mo Riv Div 5s... 1926
Chic A Pac Div 6s
1910
Chic A P W 1 st g 5s
1921
Dak A Gt So g 5s
1916
Far A Sou assn g Gs
1924
Hast A D Div 1st 7s
1910
1st 5s
1910
I A D Exten 1st 7s
1908
LaCrosse A D 1st 5s....1919
Mineral Point- Div 5s....1910
So Minn Div IstGs
1910
Sou tli wes t D i v 1 st 6s.... 19 09
Wis A Minn Div g 5s....1921
Mll A No 1st M L 6s....1910
1st consol 6s
1913
Chic A Northwcons7s
1915
Extension 4s
1886-1926
Registered
1886-1926
General gold 3%s
1987
^
Low
100
101
107
1 15
110
102
104
112
104
114 % 115
1927
Registered
100
101%
1989
Iowa Div
Street
102
86
102
...,
Q-F
Warm Spr Vai 1st g 5s..1941
Greenbrier Ry lstgug 4s ’40
Chic A Alt RR ret g 3s...1941'
Railway 1st lien 3%s... 1950
Registered
1950
Cldc Burl A Q—DenvD4s 1921
Illinois Div 3*28..
1949
Registered
1949
MISCELLANEOUS BONDS-Continued
Street
108
1992
Registered....
Craig Valley 1st g 5s
1940
RA A Div Ist-con g4s.. 19.89
2d consol g4s
Since
January 1
Ask Low
High Ao
93
J’ne'06
1 15 *2 Dee ’(in
115
Nov’05
loo
</l9lo
Refunding gold 5s
1947
Louisv N A A Ch 1st 6s. 1910
Feb’07
98*2 Nov’04
94
Nov'06
Monon itiv 1st gu g 5s..1911
101
105%
Cen Oliio R 1st Cg4%s..l93n
109
Apr’05
01 Lor A W con 1st g 59 1935
10934
110
i’10”
Apr’07
Ohio River RR 1st g 5s.1936
116
May’06
General gold 5s
1937
in*%
113*2 Nov’OG
Pitts Clev A Tol 1st c 6s 1922
1L0
119*2 Mar’04
Pitts A West 1st g 4s... 1917
92%
94
Mar’07
94
94
Btat IbI Ry 1st giig4*29 1943
100
Nov’04
Bat Creek A S .See Midi Cent
Baecli Creek See NYCA II
Bnllev A Car See Illinois Cent
Bklyu A Moutauk See lxmg 1
Bruns A West .See AM Coast L
Buffalo N Y A Erie See. Erie
Buffalo RAP gen g 5s... 1937
114
115
Apr’07
112
118*2
All A West 1st g 4s gu.. 199b
97
103*2 Feb’07
102
103%
CIA Mali 1st gu g5s
110
1943
103
Apr’97
Rocli A Pitts 1st g 6s... 1921
•116
124
Apr ’(>6
Consol 1st g 6s
1922
121%
11834 Mar’07
118*4 123%
Buffalo A Southwest .See Erie
Buff A Susq 1st ref ir 4s.dl951 J-J
94
94*a Apr’07
89*4 96%
Bur C R A N See C III & P
J-J
101% 101°8 101*4 101*2 39 100 101%
d 5s
1913 M-S
101*4
102*4 Apr’07
101
105%
Registered.....
1913 M-S
103
100%
Nov’06
rb A Shawn See- III Cent
)lina Cent See Seab Air L
Jiage A Ad See N Y C A H
R la FAN
See B C R A N
Oen Brunch Ry See Mo Pao
Cent of Ga RR 1st g 5a..pl945 F-A
115
116
Mar’07
118
116
Consol gold 5s
1945 M-N
109*4 Sale 108*2
109*4 26 105
111
Registered
1945 u-n
107
13
Apr’06
let pref income g 6s....pl945 Oct
90
853s Apr’07
*8*5*” *9(3“
8tamped
♦85
86
86
90
Apr’07
2u prei uicome
70
g 5s....pl945
75
74
Apr’07
73*a 76%
Stamped
7434
73
Apr’07
74»4
3d pret income g
6s....pl945
60*8 63*2 Jan ’07
63*2 65
Stamped
62
62
62
66
Apr’07
Railway
Brooklyn Rap Tr g 5s
4%s
90** *92% Chicago
Jan ’06
94%
A192 5
anada South 1st 5s
guar
Joint bonds See Great North
Debenture 5s
1913
Ann Arbor 1st g 4s
A1995
AtCh T A 3 Fe—Gen g 4s.1995
Registered
1995
f'1
ext
Range
or
Last sale
115% A iie’05
106% 105 % Apr '07
123 K
123%
123 % Mar’07
108%
109% Apr ’071
102 %
♦100
looloos
Southwestern Div4s....1921
Albany A Susa See Del cfe Huii
Allegheny Valley See Penn KB
Alleg A West See Bull It & 1
[1\
Bid
.
N Y A Long Br gen g 4s 1941
Cent Pacific
see So Pacific c<CentVermont 1st gu 94s.e P'20
Chits A Sav see Atl Coast, Line
dies A Ohio g 6s ser A../ti90b
Gold Gs
al911
1st consol g 5s
1939
Registered
1939
General gold 4%s
1992
Week's
Range
April 26
Cent of Ga IiK—(Con)
Chatt Div pur umu g 48.1951
Mao A Nor Div 1st g 5s.1946
Mid Ga A Atl Div 5s.... 1947
Mobile Div 1st g 5s
1946
Cen RR A B of Ga col g 5s 1 937
Centot N J gen’l gold os.1987
Registered
./il9S7
Am Dock A Imp gu 5s.. 1921
Le A Hud K jren gu p os 1920
Leli A Wilks B Coal 5s.. 1912 '
Registered
Cent
SeeCoast
So ByLine
Alabama
laba M ldi
See At
A1995
A1995
1955
Debentures 4s Series F.19U8
Senes G
1909
Series H
1910
Series 1
1911
Series K
1913
East Okla Dlv 1st g 4s.. 1928
Atl Knox A N See L A N
Atlantic Coast 1st g 4S.A1952
Charles A Sav 1st g 7s..1936
8av F A W 1st gold 6s.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s ..1928
Bruns A W 1st gu g 4s ..193b
LAN coll g 4s
ol952
811 Sp Oca A O gu g4s ..1918
Atlantic A Danv See South Ry
Austin A N W -See Sou Pacific
¥)ait A Ohio prior lg3%B. 1925
D Registered
A1925
Gold 4s
A1948
Registered
h 1948
Pitts J line 1st gold 6s... 1922
P Jun A M Div 1st g 3 *281925
Price
Friday
Sinking fund 4s
1919
Nebraska Extension 4s.1927
Railroad
Adjustment g 49
Registered
Stamped
Conv g 4s
PAGES
BONDS
N. Y. STOCK EXCHANGE
Week Ending April 26
C'on
May’06
97%
best are pr ices
High
104*8105%
104*2 106%
lo‘234 102%
102% 104
107
J’ne’02
104 % Oct ’0;
*‘II
FOUR
hDue J’ly
kDueAng
103%
80
110
*75
79
0
76
76
81%
82
99
Due Oct
11
11
Apr’07
J’ly’06
13
80
108
85
113
**8*5% *89**
1 111
114%
....
1
75
100
5
76
1
82
Jan ’07
76
82
Deo’97
p Due Nor
102%108%
113% 113%
107% Feb’06
90% Sep ’06
103% Oct ’06
110% Nov’OG
77
77
100
*8034
104
80
113% Feb’07
11334 Dec’06
80
86%
111% 111%
93% J’ly’06
109
90%
,
s
94
100
83%
85
Option Sain
,
Apr. 27
New York Bond Record—Continued—Page 2
1907.]
■a
BONDS
Bhlc Rock I & Pac—(Con)
CHOC Ok So G gen g 5s .©1919
Consol gold 5s
1952
Keok Sc He s M 1st 5s
1929
BMC si l So N O See 111 Cent
flfcic St L So Pitts See Penn <_'•
Ohio St P M A O con 6s..*.1930
Cons 6s reduced to 8 48-1930
Ch St P & Minn lstg Us 191'
Nor Wisconsin 1st 6s...l93<>
St P & S City 1st g 6s. ..1919
Chicago Ter Trans g 4s... 1941
Coupon ort
OhiCite West Inrt gen g 68 0199*.
Consol 50 year 4s
1952
Chicde W .Mien *ee Pere Mart:
Choc O &, Gulf See C K 1 & P
Cin H & D 2d gold 4 48.... 1931
Cin D rb i 1st gu g 5s... 194 i
C Find So Ft W 1st gu 4s m’2;■
Cin 1 Sc W 1st gu g 4s. 1959
Ind Dec A W 1st g 5s... 1935
1st guar gold 5s
1935
C I 8t L So t
see C C C cfc St.
Oln S & C See C C C St L
Clearfield <fc Mali See B R Sc 1
Olev (Jin C A st L gen g 4-s 199;
Cairo Div 1st gold 4s....1931
Oln W & -M Div 1st g 49; 199j
6t L Div 1st col tr
Friday
Bm
j.j
M-N
10738
A-O
M-N
J.J
A-0
♦
D--M
J. J
1917
1916
Alb Sc Sus
1946
conv
3 4s
107 4 Sale
1 l(,7s
•97
101
"98*
98
128
131
Apr’07
974 Anr’u7
107 4
108
42
1104 Apr’07
974 Apr’07
101
994 Jan ’o7
100
108
97
974 98
104 4 105 4
83
83
U 44 105
13
90 41O2
974 Apr’O'.
97
Apr’07
97
974
1104 113
Jan’O'
83
974
Jan ’i><
994
994
97
97
97
98 4
084
97
994 Feb'65
98
Sep ’Uli
96
107 4
98 4
105
J-J
1164
128
*126
97 H?
98 4
Han
Sc St JoSeeSeeN CY BN ScH Qdb H
ousatonic
Hock Val
118 4 118 4
132
1
*3*1*4 i*32**
7.o-
914
92 4
914
A pi
62
63
62 4
62 4
62
J-j
68 4 Sale
90
904
92 4
68
69
67
89 4
95
95
914
91
Feb’07
95
724
744
94 4
A-0
1014
....
1014
12*1*4 i21*4
1214 Apr’07
127
J’lie" 05
109
109
Apr’07
1024 Aug'OO
102
133
149
1024 Sale
99 4 Sale
1314
95
103
194o
914
864
93
Des Mot Sic Ft 1> See M <C St i
Des Moi Uu Ry 1st g 5s..1917
Det & Mack 1st lien g 4s. 1995
Gold 4s
1995
Detroit Sot.tlieru—
Ohio Sou l)iv 1st g 4s...1941
Dul <& iron Range 1st5s.. 1937
90
89
844
1931
2d 6s
1916
Dul Slier' l»mo See Nor Pac
Dul So Shore A Atl g 5s.. 1931 J-J
94
94
102 4 Jan ’07
105 4 Feb’07
95 4 109 4
95
110
934 974
10241024
1044 105 4
109
Mai ’05
76
89
92
Dec *05
Jan’05
92
914
95
874 Feb’07
874
874
92
89
92
92 4
Jan *02
Sep *(>4
Mar’07
89
lstextgold4s
....1947
2d ext gold 5s
1919
3d ext gold 4 4-s
1923
4th ext gold 5s
1920
5th ext gold 4s
192s
1st consol gold 7-s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior..1996
Registered
115
M-N
1996
lien g 4s..1996
1996
M-N
M-S
M-S
AO
Oct ’06
86
111
111
112 4 Feb’UG
ill
J-D
31-S
M-S
J-J
J-J
J-J
tat consol geo
J-J
Registered
Penn coll tr g 4s
1951 F-A
50-year conv 4> A
..1958 A-O
do
Series B...1958 A-0
Bui! N Y Sc Kne 1st 7s.. 1916 J-D
Bjlft Sc S W gold 6s
1908 J-J
Chic So Erie 1st gold 5s..1932 M-.N
Clev so Mahon Val gus.193.'- J-J
Jett RR 1st gu g 5s
a 1909 A-O
Long Dock consol g 6s.. 1935 AO
Coni A- RR 1st cur gu 68.1922 M-N
Dock A Imp 1st cur6s.. 1913 J-J
N Y it Green L tru g 5s. 1946 M-N
106 4
1114
Jan’07
1104112
1U64
114 4 Nov’06
109
1004 Feb’07
1204 127 4 1264
127
82
83
85
82
80 4
74
119 4 122
104
117
118
115 4
994
124
130
7t*4
1294
95
994
SO
88
85 4 854
84
914
76
1034
73
87
Apr'07
85
73
127
22
125
82
75
Nov’05
1044 Feb’06
1164
1164
Kings Co El L Sc P g 5s. .J 937 A-O
Purchase money 6s
x997 A-O
Ed El II Bkn lstcon g4s 1929 J-J
No price
Friday;
Registered
Keutueky Cent
195o
." 70
134 VSale
100
100
984
......
......
86 4 8a) b
......
65
132
4a.2008
g 5s.1941
.1941
g 5s. 1938
Leh tfc N Y 1st guar g 4s..1945
......
104 ;4
il6
ire
Apr ’07
Apr’0*7
93 4 Mar
latest bhVand asked tins week, v
g
1945
El C Sc N 1st pf 6s
....1914
Gold guar 5s
1914
Leh Sc Hud R See Ceut of N J
Leli Sc Wilkesb See Cent of N J
J-J
M-N
M-S
M-S
J-D
104
107 4 Sale
99 4
Mar’07
41064
108
84
112
100
103
87
94 4
953, 148
Apr’O
894
Sb*8
99
Apr’07
99
954
....
984
96 4
102 4
104 4
104 4
5
Nov’ue
103=8 1054
984 Nov’06
99
99
4
99
99
109 4 Sep ’06
107S
107:V
*>
1(H)
100
1
107;«8 107.4
100
1U07«
954 J’ly '<n
99 4 J’ne’06
101
......
......
......
......
70
101
102
”
Oct '04
Apr’07
Oct Mil
1004 Mar’07
100
May’06
10234 Jan ’07
894 Feb’O?
1624
101
....
....
,
i‘064
103 4
10*24 102*4
8934 91
123
Mav’99
78 4 Apr’06
80
99 4
......
784 Feb’07
....
*89* Mar’07
lol 4 Oct ’99
100
Nov’OO
*39
......
V
100 4
1004
122
Dec’Of.
97
Mar’07
118 4 Sale
1184
1184
1194 Mar’04
93*'8 May’04
100 4
97
100 4 Mai’oT
97
Mar’O.
99
114
97 4
65
98
754
109
60
M-S
70
71b
A-O
107 4
73 4
....
1394
100
100
100
100
105
105
....
1
.
....
1
....
06|....
86 b
80
......
103
104
iiti
i*17
M-N
A-O
A-O
J-J
M-S
M-S
A-O
A-O
Leroy So Caney Val See Mo 1
Long Dock See Erie
Long Ial’d—1st con g5s./il931 Q-J
1st consol gold 4s
A1931 O-J
General gold 4s
193.*^ J-D
Ferry gold 44s
1922 M-S
193*
J-D
1949 M-S
Gold -Is
Unified gold 4s
Debenture gold os
Guar ref gold 4s
g
1934 J-D
1949 M-S
6s..l911 M-S
1st 5s
1911
N Y Bit M B 1st con g5s 1933
NY&RB 1st g 5s
1927
NorShB 1st con gguosol932
Louisiana Sc Ark lstgos.1927
BONDS—Continued
106
4
63
66
1344 140 116
105
Feb 07
614 Oct ’01
86 4
864
1074 Dec *00
104
104
Dec’06
98
F-A
J-D
M-S
J-1)
J-I)
J-J
J-J
North Ohio fst gu g os.. 1945 A-O
See N Y Cent
L Slio So Mich S
Leh Val N Y 1st gu g 4 43.1940 J-J
Registered
1940 J-J
100 4 101
130
130
Apr’(>7
Apr’07
1004
F-A
Iako
Erie os
Sc W 1st g os. .1937
2d gold
1941
on
784
7834
884
89
100 4
i02
97
97
1184 1184
I
10()
114
98
....
1004 1004
97
97
Feb’07
100
Apr’ol
1134 1134
i
98
727f Apr’07
111
83
Feb’U?
Feb’07
73
63
73
Oct ’00
100
99*4
95
71
109
79
111
bi)
M-S
A-O
113
Mar’07
*1*06 4 i*07 4
106 4
Apr’O
1094
110
^.
110
107 4 1064 Apr’07
1U0
112 4 N uv’05
Oct ’06
95
116
Oct ’01
112 4
109 4 Oct ’99
i 12 4 112 A pr ’0>
95 4
964 Jan ’07
1
107
67 4
73
1114112*4 112
94
96
....
....
.
-•
.
964
964
.
....
Apt’07
....
Nov’05
99 4 Oct ’06
94
96
947s Apr’07
J’ne’Ol
110
97 4
loi
1 00*8
105
112
........
102
_
97 4
Apr’07
Mar’O.
100
105
Apr’07
109
Nov’Ui
103 4 Feb’u7
1144
.
,
....
„
.
_
^
99
95 4
....
95 4
94
.
....
....
1104 Nov’OO
102
O-J
M-S
LOG3* 1074
....
Apr’07
......
957b
*94
112.4 114
7 78
110
1104
106 4 10
1134 Jan ’00
1054 Jan ’0«
1024
994
M-S
96
994
100
1024
1*05
1094
w
....
1034 1034
Light
Lac Gas L of St L 1st g 5a.«1919 Q-F
Ref and ext 1st g 5s
1934 A-O
Milwaukee Gas L 1st 4s.. 1927 M-N
NYGELH&Pg 5s...1948 J -D
Purchase money g 4s. ..1949 F-A
Ed El III 1st conv g 5s..1910 M-S
1st consol gold 5s
1995 J-J
NY&6JK1 Life P 1st con g5sl 930 F-A
<fc
Rich
1st
N Y
Gas
g 5s. 1921 M-N
Pat So Pas G So E con g 5s. 1949 M-S
Peo Gas So C 1st con g 6s. 1943 A-O
Refunding gold 5s
1947 M-S
ChG-Ltfc Cke 1st gug 5s 1937 J.J
Con G Coof Ch 1st gu g5s.’36 J-D
Mu Fuel Gas 1st gu g 5s. 1947 M-N
Syracuse Lighting 1st g 5s.’51 J-D
Trenton G So El 1st g 5s..1949 M-S
Westchester Liglit’g g 6s.1950 J-D
Due Jan oljue-Feb—ciDue
1
Next Page.
(>as and Eleclric
ib7
105
Mar’98
112*
112
84 *4 Apr’07
104
Sec L Sc N
Bklyn Sc Mont 1st
0
107 4
Dec’06
105 4 105 4
Kal A Sc G R See L S Sc M S
1094 Oct. ’05
1214 Dec’06
108
110
98 b
an Sc M ich
See Tol Sc O C
K C Ft S & M
See St L Sc S F
K C Sic M R Sc B
Sec St L Sc S b
Kan C Sc Pacific See M K & B
Kan City Sou 1st gold 3s..1950 A-O
115 4 119
1164 Jan ’0^.
100 4
100 b
130
Mar’O?
118
Sep’06
.UlSC’KIihASEOUS
C«ns and Electric Light
Atlanta G L Co lstg 5s... 1947 J-D
Bklyn U Gas 1st con g 5s. 1945 M-N
Buffalo Gas 1st g5s
1947 A-O
Cousol Gas conv deb 6s.... 1909 J-J
Uonsum Gas See P G Sc C Go
Detroit City Gas g 5s
1923 J-J
Det Gas Co con 1st g 5s...1918 F-A
Ed El ill Bkn See K Go E L Sc P
Ed E ill see N Y G Sc E L H Sc P
EqG LN Y 1st con g 5s..1932 M-S
Gas As Elec lierg Co c g 5s. 1949 J-I)
Gen Electric deb g 34s.. 1942 F A
Jr Bap 6 LCo 1st g 5s...1915 F-A
Hudson Co (fas 1st <' 5s..1949 M-N
Kan City (Mo) Gas lstg 5s 1922 A-O
109
1004 1004
133
Feb’06
96
974
99 4 Oct ’06
814
82
85 4 Feb’07
Ind Bl ifc West See C (J C Sc St L
Ind Ill ifc la 1st g 4s
1950
iutA Great Nor 1st g6s.. 1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Gold 4s
1951
Jetlersou lilt see Erie
Registered
98
*974 Sale'
J-J
1951
1951 J-D
1951 J-D
Mempli Div 1st g 4s. ..1951 J-D
St L Sou 1st gu g 4s....1931 M-S
Lehigh Val (Pa) cons
Leh V Ter Ry 1st gu
Registered
Leh V Coal Co 1st gu
1084 Aug’06
110 4 Oct ’06
103
117
103
99
J-D
J
107 4 Jan’06
109
Apr’07
*1014
104 4 Sale
•
Kook ifc Des Mo See C R I&P
Knoxville Sc Ohio See So Ry
1/aat of 31 in n See St P 31 Sc 31
See LehSc S 3
116
Registered
103 4 220
99 4 152
98 4
133 4 Dec’06
112
107
Registered
Aug’Ol
97
1014
Gold 3 4a
1024
89
in"
1114
Feb’03
Feb ’06
lio
92
A-O
M-N
M-N
F-A
J-J
J-J
1951 J-J
Western Lines 1st g 4s..1951
Believ Sc Car 1st. 6s
1923
Garb & Shaw 1st g 4s...1932
Chic St L & N O g 58...1951
1214 Sep ’06
123 4
121
95 4 Sale
Registered
1951
Spring Div 1st g 34s...1951 J-J
98
1194
Mgeandcoi trust 4sA.194o
Utah Cent 1st gu g4s a 1911
Erie
1952
Gold 343
1014 1044
119 4 Nov’OO
120 4
*119
4s....1939
ibast Ten Va & (4a See So Ry
Elgin Jol it Fast 1st g 5s. 1941
Registered
L N O Sc Tex gold 4s ...1953
....1958
Cairo Bridge gold 4s....1950
LomsvDivcfcTerin g3 43-1953
Middle Div reg os
1921
Omaha Div 1st g 3s
1951
St Louis DivAterm g 3s. 1951
1951
Registered
Improvement geld 5s... 192s
Rio Gr June 1st mi g5s. 1939
Rio gr So 1st gold 4s
1940
Run Cort A No
lstconsolg44a-1999 J-J
Registered
1999 9 J
95
*06
Apr’07
Apr’06
102 4 160
99
Oct
4108
1004103
1104 1104
/
Col & H VLstext g 4S..194* A-O
Col & Tol 1st ex 4s
1955 F-A
Houst E & W Tex See So Pac
Houst <& Tex Cen See So Pac Co
I lliuois Central 1st g 4s..1951 J-J
B
Registered
1951 J-J
1st gold 34s
1951 J-J
Registered
1951 J-J
Extended 1st g34s
1951 A-0
1st gold 3s sterling
1951 M-S
Coll Trust gold 4s
1952 A-0
Registered
1014
1194
84
Since
January 1
108
1044 104 4 Apr’07
114
Apr'05
106 4 Feb’(Hi
112
86
Rangy
High No Loio& High
105 4
-
Feb’O?
90 4
111
31CC
Mar’07
1004 Deo’06
100 4 Feb’07
1104 Apr’07
io i 4!!!!!! *1*04 4
105
99
lb
108
105 4
(7ray’s Pt Term .See St L S W
Gt Nor—C B&gcoli tr4s 1921 J-J
Registered, k
1921
Greenbrier Ry
See dies Sc (>
Gull Sc s I 1st ref Sc t g 5s 5195*. J-J
994
WttVs
or
Last Sale
Range
Ask Low
100 4
Ill
Mid RRof N J 1st g 6s. 1910
Wilk A Ea 1st gug 5s. 1942
£va Ind lstcon gug6s..!926
Erie & Pitts See Penn Co
Evans <fc T H 1st cons 6a. 1931
1st general gold 5a
1942
Mt Vernon 1st gold 6a..1923
Sufi Co Branch 1st g 5a.1930
L'argo So So See Ch M So St P
r lint tfc Pere M See Pere Mar
Fla C & Penin Sec Sea Air Line
Fort St U D Co 1st g 4 48.1941
Ft W A Den C 1st g 6s....1921
Ft W A Rio Gr 1st g 4a. ..1928
i
1 ai Har Sc S A
See So Pac Co
' ^al H* Hof 1882 1st 5s.l913 A-0
Georgia Sc Ala See Sea A Line
Ga Car & Nor
See Sea A Line
See So Ry
Georgia Pacitic
Gita V G Sc Nor See So Pac Co
Gouv Sc Oswegat 6'ceN Y Ceni
Grand Rapifc Ind Nee Penn RR
99
984 Apr’oT
113 4 J’ne’Oc
1184 Jan ’07
104 4 Nov’Ol
F-A
M-N
Mid
110
Erie—(Con)
Jau’O-1
97 4 Mar’u7
99
April 26
2d gold 44s
193?
General gold 6s
1940
Terminal 1st gold 5s... 1943
Dec’08
113
Oct- ’(it
104 4 Apr’07
Sale
99
Price
Friday
A Y Sua <fc W 1st ref 68.1937
116** 1204
J-j
Dei Riv UK Bridge See Pa lilt
Denv <fe R Or 1st con g 4s. 1930
Consol gold 4 4s
1936
Registered.
High
116^
J-J
& Saratoga 1st 7s. 192 J
Guaranteed
Rio Gr West 1st g
Apr *07
Feb’O'
107 4 Dec'01
J-1
Low
BONDS
N. T. STOCK EXCHANGE
Week Ending April 26
Regis §5,000 each...1948
130
93
104 4
1934
Registered
January 1
1164
88
Ind Bl A W 1st pret 4e.l94<
O Ind A W 1st pt 5s...dl93c
10-yr oonv deb 4s
Since
1314 1314
/d930
Peo<fc Fast 1st con 4s...1940
1990
Income 4s
Clev <fc Marietta .sec Penn KB
Clev A Bit is
.see Penn Co
Col Midland 1st g 4s
194.
Colorado A 8<>'i 1st g 48...1922
Be.und A ext. 4 4s
1935
Coluiu A (jiemv see So Ry
Col tfc Hock Val
.see Hock Va.
Col A Tol .See flock Val
Col Conn Sc Term
.See N ife W
Conn A Pas Rivs 1st g 4s.1943
I \ak Sc Gt So
SeeC M A; St P
I "alias ite Waco See M 1C So '1
Del Lack Sc Western 7s... 190'.
Morrisct bosses 1st7s...1914
1st consol guar is..... 1913
Registered
1915
1st ref an *r 3 4s
20l>o
N Y l^ick A W 1st 6s. ..1921
Construction 5s
1923
Berm A improve 4s
1923
Warren 1st ref gu g 3 48.2000
Del Sc PLud 1st Pa Div 7s. 1917
Bangt
• ©
1314 Feb’07
1294 Mar’Of
105
C 1 St L A C consol 6s.. 1920 M-N
1st gold 4*
...«193*. Qf
Registered
xts
•90
128 4
125 78
J.J
191H M-N
6ur«k Col l)iv 1st? 4s..1940 M-S
W W Val Div 1st g4s...1940 J-J
Cin S <t Cl con 1st g 5s ,192s
C (J C & i consul 7s
1914
Consol sink fund 7s....1914
General consol gold 6s. 1934
or
Last Salt
Atl Low
High No
Nov’06
109
111
May’OH
102 b 1054 Nov’06
1294 131
J-D
J-1)
g4a..l99o M-N
Registered
Bangt
April 26
Registered
Kens
Weetft
Price
Jf. T. 8TOCK EXCHANGE
WlU ENDING APRIL 26
c. v.
983
Apr e Due May h Due J ’ly
103
1023*
102
105 4
1024
914 914
994 1034
102
102
103
Feb’07
102
914 Jan ’07
814
1004
105
103
103
83 4 84
100
103 4
Apr’07
Apr‘07
1134 J’ne’06
984 99 Apr’07
103
80
-
844
99
100
99
99
Nov’05
1043* Nov’05
114
1194
1034
1054
1004 108
119
101
100
119
Feb’07
118
101
103 4 101
105 4 Apr’07
105
100
1004
1004
1034 Dec’05
1024 103
1044
*1*1*6** M*V’&6
1014102
1014 Feb’07
k Due Aug 0 Duo Oct g Dae Dee
t
Option
984
New York Bond
bond*
3
o
**
N. Y. STOCK EXCHANGE
Week Knwno April 26
ss
Price
Week's
Friday
April 26
Last Sale
Range
Record-^Continued—Page
22
or
Range
BONDS
Since
N. Y. STOCK EXCHANGE
Week Ending April 26
January 1
Rid
Ask Low
High No Low High
J-D
115
115 *4 Mar’07
115
1154
M-N
112
108
Mar’07
108
1174
) J-J
1014 102
100 4
1007L
97
101
) J-J
1014 J’ly ’06
A-O
107
Dec’05
M-N
109
Mar’07
109
109
A-O
96
97
96
96
95
98
> J-D
112
U2*8
Apr’07
112
112
M-N
109
Mar’OS
> J-J
121
Mar’07
121
121
1 J-J
122 4 Mar’06
M-8
1074
i*08*4
.
M-8
1144
M-8
; j -o
M-S
J-J
M-S
120
72
......
724
96 4
108
87
L X A «fc Ch
See C
t
88
McK’pt & B V
Metropolitan El
994101
A-O
A-O
J-J
io278
See N Y Cfcnt
See Man Ry
SO
23
J’ly
J’ly
82
125
130
106
87
J-J
J-J
95
J-I)
F-A
M-N
M-S
J-J
A-O
M-N
F-A
A-O
hM-N
M-S
J-D
M-S
M-N
M-S
M-S
F-A
M-S
M-N
F-A
98
92
J-J
F-A
J-J
g 5sl931 A-O
A-O
J-J
M-N
95 4 Sait
103
104
1034
102
874
97 4 98 4
92
94 4
92
Salt
116
1104
..
8* hi 85 4
t>*2 4 Sale
974
1224
Apr’07
95 4
984
88
105
'86
£* 4
87
104 4
95 4
1084 1114
1064 1074
1064
102
101
104
ill8
104
107
1194
1004 105
102
i02
107 4 Feb’06
1014
101 4
89 4 Apr’07
98
Apr’07
93
Ma. ’07
92
92
110
Mar’06
101
Apr’0
1164 Mar’07
110
110
109 4 Mar’07
86
85
91
924
107 4 Apr’06
98
Dec’06
101
80
98
105
90
98
93
92
Friday, latest
92
101** l*0*i«4*
116
1174
1094114
10941094
5
80
884
14
86
924
1214 124
122
Deo’05
90 4 Apr’07
1084 Mar’07
92 4 Aug’06
89
94
1084 1084
Nov’04
1164117
1164
1114
113*4 Mar’07
1194 Feb'06
L174 Mar’06
113
J’ly’U4
1154
32
1164
116
1174
1134 116
102 4 Jan ’07
82
Apr’07
86
94
Sal©
93 4 Sait
98
Sale
84 4 Bala
83 4
84
83 4
*
934
94
93 4
98
944
1024 1024
82
874
53
13
1
14
98
844
844
83 4 Apr’07
84 4 Apr’07
84*4 Jan ’07
100*4
102
102
90
924
94
92 4
94
83
99
88 4
81»«
87
83
87 4
844
Feb’07
Mar*04
If-a
90
A-O
J-J
F-A
F-A
J-D
J-J
63
96
87
1U7 4
102 *V
104-V
104
J-D,
F-A
M-S!
|
.
106
....
100 4
914
bid and asked.
92
Mar* 07
Apr’07
102
g 4s
1928
Ka A AG R Istguc5s.l938
Malion C’l RR 1st 5s..1934
Pitts A L Erie 2d g 5s.al928
Pitts McK A Y 1st
gu 6s.1932
2d guar6s
844
1024
4s..
Registered
J L A S 1st
g 34s
1104 Sale
•
•
•
....
65
96
1004
87
87
bDuoFeb
*69
764
—
....
"is" '78 4
Feb’07
93
2
6
f
-
9n
l (Ml 4 10(1 4
104 4 106 4
™
...J
I
....|
_
100
J00
90
08
03 4 9.14
cDueMar
Low
Hig\
97 4
ll()h
i
137
1104
Nov’97
UOh
1104 114 ‘
-
113*4 Jan’02
100 4 Oct ’05
95
Feb’07
95
Feb’07
122
Jan’06
A-O
98
94 4 salt
92 4
95 4 Sale
J-D
J-D
M-S
J-J
J-J
A-O
J-J
19
72
126 4 Mar’OO
107 4 Nov’06
139
Jan’03
103
1184
95
95
95
95
91*4
94*4
....
1037»i Aug’OO
93 4
94l4
92 78 Mar’07
94 4
97 4
120
9278
94
92
99 4
....
no
1014
104
112
V-S
Deo’06
1184 J’ly ’06
Q-M
119
J-J
J’ne’06
100*4 Jan ’07
106 4 Nov’OO
99
106*4166*4
94 4 Dec *06
94 4 Jan ’07
93 4
1004103
'944
100 hi Apr’07
102 4 Mar’07
i04** Sale*
103*4
101*4
1014103
124
98 4
93*8
c/1992 M-S
*9
104
101*4
944
lot) hi 103 4
102 4 102 4
10l*4 105
6 100 4103 4
Feb’06
115 4
4s..fitl992 M-S
1
93*8
96
101 4 J’ne’06
10)4
-
Registered
a2047
-F
St Paul-Dul Div g
4s
-D
1996
Dul Short L 1st gu
6s..1916 M-8
C B A Q coll tr 4s See Gt Nor
8t P A N P gen g
6s....1923 F-A
Registered certlfio’s..l923 -F
St Panl A Dul 1st
6s....1931
A
2d 6*
1917 A-O
1st consol gold 4s
1968 J-D
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s..1933
Nor Ry Cal See So Pac
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
104
130
128 4
128
884 Sale
97 4
99
984
102^ Sale
1024
99
7 l7e
70
Apr’07
1094
113
110
rs
07 4
99\
95
10
86
90 4
91 4
3
98
99 4
9i
72
100
1024
98 4102
20
Mar’07
J
694
744
70
71
95*4
95*4
120
120
’ly ’99
Mar’OO
108*4 Feb’07
98 4 Oct ’06
90
02
Apr’07
96*4 Jan ’07
954
120
132
S:1
129 4130
....
98 4
1014
72 4
70
90
Feb’07
127 4 Oct ’06
97*4
98 4
100
Feb’06
95
Mar’07
84
8S*4
109 4 Feb’U5
954
99
72
Sep ’06
130*4 Feb’06
128
98 4 Sale
90
Q-F
....
1084 108*4
93
May’Od
113*4 Mar’07
Ill
113*4 113*4
L
1004
J-D
gSee
6s....1940
ac of Missouri
Mo Pac
Panama 1st s fund g44«..1917 A-O 102
4
Penn RR 1st real est
g4s. 1923 M-N 102
Consol gold 5s
1919 M-S
Consol gold 4s
1943 M-N
ioi
Convertible g 34s
1912 M-N
96
Convertible g 34s
1915 J-D
92*4
All eg Val gen gu
g 4s...1942 M-S
99
DK1UU Bge 1st gu 4s g.’30 F-A
074
FhllaBal A W 1st g 4a..1043 M-N
ftod Bay A So 1st g
5s...1924 J - J
Amu A Lewis 1st
g 4s.. .1930 J-J
VNJ RR A Can gen 4s. 1944 M-8
Penn Co—Guar 1st g 44-8.1921
J-J
iofi 4
Registered
1921 J-J
Guar 34h coll trust
reg.1937 M-S
Guar 34« col Ur ser B... 1941
F-A
Tr Co eertif’H gu
g 3 48.1916 M-N
94*4
Gu34strctfsC
1942 J-D
87
G J 3 4s tr ctls D
1944 J -D
Guar 15-25 y arg4s
1931 A-O
Cl A Mar 1st gu g 4
48..1935 M-N
Cl A P gen gug4 4a»er A.’42
J-J
1064
Series B
1942 A-O
106 4
Series C 3 4a
1948 M-N
Series D3 48
1950 F-A
107
Mar’07
103
J’ly *06
103
Apr’07
111 4 Sep’04
106
Aug’03
95 4
95 7h 186
92
92 78 •J-JU
1044 Oct ’05
103
....
97
Sale
107
109
101
103
904 1004
88 4
95
107 4 Oct ’Ob
102
Jan’03
110 4
106 4
Se*p*’*0*i
......
....
Apr’07
106*4 Feb*07
904 J’ne’00
90
96
91
-
106
107
105*4 105V
uot ’06
06*8 Apr’07
....
89
Oct ’(hi
90 4 MarhlO
97 4 Jan’07
L084 Aug’03
06
96
*****
«.*«»**•
97 4
974
....
96
084 Deo’06
96
Jan’04
86 4
90
Jan ’07
96 4 J 'ue’00
90
90
104
Feb ’07
97
Feb’07
105 4 J'ly’03
101
1014
104
03
104
98
Next Page
and Telephone
Aju Telep is Tel coll tr 4s
1929 J-J
Comm Cable Co 1st g 4s..2397
Mot T A T 1st s 1 g oh
1918
Mich. State Telep. 1st 6s.1924
N Y & N J Tel gen
g 6s..1920
Weat Union col tr cur 5a. 1938
Fd and real est g 4 4h...19oO
Mnt UnTel h fund
6s...1911
Northw Tel gu 1 4 4s g.. 193-1
F-A
M-N
J-J
M-N
M-N
J-J
1014 Sale
99
Sale
105
Hon Hi no tu ring A Industrial
Am CotOil ext 4 4h
1915
Am Hide tte L 1st s f
g 6h..1 919
Amer lee Hecur deb
g Oh.. 1925
Am Spirit© Mlg
lstg Oh.. 1915
Am Thread 1st col tr
4s...1919
Am Tobacco 40 yr
g Oh
1944
4«
1
1951
dDuoApr h Due J’ly k Due Aug
o
974
1104111
1014 Dec’06
1104
J-J
M-N
M-N
F-A
A-O
g
A-O
Registered
1996 A-O
Div’l 1st 1A gen g 4s... 1944 J-J
Pocah C A C joint4s.. 1941 J-D
C C A T 1st gu g
5s
1922 J-J
Scio VANE 1st
gu g 4s 1989 M-N
North Illinois See Clii A N
W
North Ohio See L Erie A W
Nor Pac—Prior lien
g 4s.. 1997
J
Registered
-J
1997
General lien gold 3s....a2047
on
Since
January 1
No
High
1104
97
J-J
J-J
X Y A Put See X Y C
A H
X Y A R B See
Long Island
X Y S A W
See Erie
X Y Tex A M See So
Pac Co
Nor A South 1st
g5a
1941
XTorl A West
gen g 6s
1931
Imurovem’t A ext g 0s..1934
New River 1st g 6s
1932
X A W Ry 1st con
4s.1996
OTndAW See C C C A
Range
1014 J’ly ’06
M-N
A-O
A-O
A-O
J -D
A-O
F-A
M-N
J-J
J-J
M-S
1st g 348
M-N
Bat C A St-nr 1 st
gu g 3s. 1989 J - D
X Y Ohio A St L 1st
g 4s 1937 A-O
Registered
1937 A-O
West Shone 1st 4s gu...2361 J-J
Registered
2361 J-J
NY & Greenw Lake See Erie
N Y A Har See N Y
C & Hud
X Y Lack AW See D L
A W
X Y L E A W See Erie
X Y A Long Br See Cent of
NJ
New York New Hav A Hart—
Housatomc R c6n g 5s.. 1937 M-N
X H A
Derby con cy 5s.l9l8 M-N
N Y A North See X Y
C A H
N Y O A VV ref
Istg
hio Riv RR See Balt ASt
O
Ore A Oal See So Pac Co
Ore RR A Nav See Un Pac
Ore Short Line See Un Pac
Oswego A Rome See NYO
O O FA St P See C A N W
Bonds Sold
or
97 4 Mar’07
105
Oct ’02
M-N
1934 J-J
...1931
1931
1940
1940
1951
1952
LXXXIV
Telegraph
Apr’00
Apr’02
94
1 06 4 Jan ’c>7
105
105
102
Dec'03
100
Feb’07
92
Apr’o7
93 4 Feb ’07
aDueJan
•
Ask Low
97*4
McK-ees A B V 1st g 6s 1918 J - J
Mich Cent 1st consol
6s.1909 M-S
BONDS—Continued
Oct ’04
95
63
•4
107 °n Dec’04
107
Maj-97
106 4 Dec ’00
105
Oct 8)0
78
93
AO
J-J
J
Sait
106
J-J
J-J
*
92 4
Range
1034
......
'F-A
J
-
964
4s 51951 A-O
Ran A H C A C 1st sf
g5s.lf»51
Pleas Val Coai 1 st g s f 5s. 1928
fcmnday Creea Co g 5s
1944
leiin Coal gen 5s
1961
Tenil Div lstgOs
al917,
Birai Div 1st consol 6s..1917
Cali C M
9° 1st gu g 6s. 1922:
De liar C A I Co
gu g 6s. 19J 0
Vs I roll Coal A Col at
g 6s. ] 949
Victor Fuel 1st e f 6s
..1953
99
804
MISCKLL ANKOUts
*N© pnoe
1184
102
81
83
82
104 4
2
4*5 4
21
1224 Apr’07
1074 ilO
130
105
95
11741194 118*4 Apr’07
102
J-J
Col Fuel Co gen gold 0b. 1919
Gr Riv Coal A C 1st
g Gsl919
Clearl Bit Coai 1st s f 4s...1940
Col Indu 1 HtA c oll 6a cu..
19.34
Cont in’tal Cists! gu 6s
g.1952
1 eO A Clear C A 11st g
5«.1926
1997
Pac Coast Co 1st
J-J
( onl and Iron
Debenture
Regis $5,000 only
1084 Apr’07
101
J-J
3
21
97
107
Feb’07
103 4
103 4
104
Mar’07
104
Apr’07
J-J
F-A
F-A
F-A
a
86
274
14 4
105 4 110 4
92
94
97*4
96 hi
107-\
1004
.
X
Beech Or Ext 1st
81
Xov’01
974
Week's
Last Sale
Bid
Rut-Canadlstgug4s.l949
St Iiaw A Adir 1st
g 53.1996
2d gold 6s
1996
Utica A Blk ltivgu g4s.l922
Lake Shore gold 3 4s
1997
Registered
204
130
106
118
104 4 Jan ’07
no
Q-F
81
Apr’07
65
101
J-J
A-O
J-J
McM M W <fc A1 1st 6s..1917 J-J
TAP Branch let Oh. ...1917 j.j
Nash Flor & Shef see LAX
Nat of Mex prior lien 4 4s. 1926 J-J
l8t consol 4s
1951 A-O
New HAD See X Y X H A H
N J June RR See X Y Cent
New A Ciu Beige See Loo A X
N O A X E prior lien g (Jh
p\915 A-O
N Y Bkln A Man Bch See L J
N Y Cent A II Riv g 3 ^h. 1997
J-J
J-J
Deben g 4 s
1934 M-N
F-A
ReiriHtered
1*004 ioST*
S3 4
84 4
105
105
Mar’07
834 81
80
80 4
85
83 4
•
M-S
J-J
J -D
O-J
M-S
F-A
Gnara lit tied g 4s
1931
M & O coll 4s See Southern
Mohawk <fc Mai SeeX Y C <fc H
Monongaheia Rlv See B <fc O
Mont Cent See St P M & M
Morgan’s La & T See S P Co
112
974 100*8
Apr’()7
96
103
P9
84*8 Sale
106
100
J-D
con
112
Jan’07
113 4 M ar’05
1U7 vj A pr’t)7
934 Feb’07
97
Apr’OO
110
Price
JYiday
April 26
J-D
J-D
M-S
F-A
Registered
2000
N Y A Xortli 1st g 5s...1927
X Y A Pa 1st con gu
g4s 1993
Nor A Mont 1st gu
g 5s.1910
Pine Creek reg guar 6s. 1932
R WA O con 1st ext
5s./i.l922
Oswe A R 2d gu g 6s...el915
R WAOTR 1st
gug 58.1918
Rutland 1st con g4Vs..l941
Registered
10 109 4109
4
Mar’07
118
See St PM <fcM
8t L Ir M A Siren
80
92
113 4 113 4
105
,
f
97*8
904 J’ly’01
Ma.y’00
J-D
J-D
J-D
Pacific Ex 1st gold Os...1921 A-O
J-D
XJ-N
M-S
Des M a- Ft L) 1st gu 4s...
J-J
s
95 4
Apr’07'
1734 Apr ’07
184
,\i-s
Mex Nort h 1st gold Os
See X Y Cent
Mid of X J
See Erie
Mil L S As W Sec Chic <fc
Mich Cent
Gen
81
23
24
......
A-n
n
N Y Cent A H
R—(Continued i
Cart A Ad 1st gu g 4a... 1981
Gouv A Oswelstgu g5s 1942
Moh A Mai 1st gu
g 4s..1991
N J June R gu 1st
4s...1936
N Y A Harlem
g 348...2000
5s
J-J
Minn U
96 4
994- 99 4
104
Apr *05
103
1034
......
724
0Q -Z
So K
[VOL.
OgALCliam lstgu4s gl948 J-J
112
Jan’07
109 4
109 4
97
May’06
108 4
129
724
J’ly ’06
87 4
874
1184 Mar’07
& L
Mahon
Coai RvSee
L S 4&s.l99<
MS
anhattan
consol
120
J’ly T6
1084 Jan ’06
F-A
F-A
F-A
M-S
Jan ’07
Feb’07
116
......
95 4
J-J
Aug’06
3
Q-K
M-S
A-O
M-S
J-J
A-O
FA
00
91
87 4 Hale
83
84
98
«<Ue
92
Sale
Hale
100
74
Dueuct
Sale
p
984
104
103
91
87 4
84
08
95
104
UK)H
104
J’ly’04
Apr'07
83
Apr’07
19
1
98
92
92
1054
1064
73
10*6*4 i'08~
99
Apr’07
74
1
555
210
90
80
84
98
90
9S
914
89
102
98
1044110*4
714 T§4
Due Nor q Dae DM «Optima
femlm
Ape. 27
New York Bond
W07.j
Record—Concluded—Page
•0
*1
BONDS
'in.
lYidav
Y. STOCK EXCHANGE
Wkkk ENDING APRIL 26
perm
April 96*
Bid
Co—(Continued)
5 J-J
1 j.j
J-J
J.J
2 J-J
>
A-0
M-N
A-O
A-O
M-N
M-N
F-A
J-D
A-O
?
)
2
2
3
PCCtkStLgiuVA...
*
5
2
Bange
WctWs
Bange or
Last Sale
Price
Aak
Oq
Since
s
*Q January 1
So
Utah
Lew
92
92
©
Low
92
Apr’07
High
92
98*4 Api ’04
109
107 3e
108 4
.
108
127 4
119
119
116
10s4
1094
112 4
Sep’06
Oct ’02
....
....
Apr’04
Mny’05
Oct *06
Feb’07
J’ne’05
-
1144
Feb’07
116
Mar’Oi
.
-
....
10034 Mar’07
91
10941094
....
....
98
1004
....
91
91
116 4
116
l
Poo A East Sec O O O <fc St
Peo A. Pek Un 1st g 6s....
L
1
Flint <fc PM gOs...
Q-F
M-N
J-D
9 AO
9«I-N
) A-O
123 4 Jan ’05
106
100*4 Dec’03
109
115
....
Apr’02
Jan’07
100*4 Apr’07
1104
101
L
106 4
-a
BONDS
"S-2
EXCHANGE
Wkrk Ending ArniL 26
N. Y. STOCK
L,
v
.Morgan’s La<fc T 1st
1st gold 6s
78.1918
192(1
Sep’06
NVCA.-4
Range or
Last Sale
April Jt>
Southern Pac Co—( Continued)
A-O
.1- J
i
ill
,
074
101
1U14
1,
115
115
103*4 1004
....
....
....
^
Nov’06
Feb’07
Mar’O)
104
•
....
...
9
4
112
101
10.54
1014 104*8
107
....
103*8 104
....
10*7 *4 Feb ’07
106
11‘2
98
107
Jail’06
Mar’07
04
Jiig\
103 4
,A„
119
118 4
D/2 4
Low
...
....
/
Apr 07
1144 Dec’04
a..
107 4
107 4
104
SOp 06
93 4
94
110 4
1107,.
114
Nov’06
89 4 88 4 Apr ’07
Mar’07
113 4 115
92
Mar’O.
91
Jan’06
113
96
J’uc’06
914
92
J’ne’Oi
83
Xlob A Ohio coll tr g 4s.. 1938 M-S
Mem l)iv 1st g 4 4-os...1996 J-J
89
St Louis <liv 1st g4s
1951 J-J
Ala Ceil K 1st g 6s
HRS J-J1 * 110
Atl A Danv 1st g 4s
194* J-J
2d 4 s
19 t* J J
a ii1
Atl iv Y’ad 1 st g guar 4s. 1919
K-7
”...
Col A Greeny 1st 6s
1916 J J
ET Va* Oa luv g 5s.. 1930 -J J ,3 12
117
118
Con 1st goal 5s
1951) M-N
110*1
E Ten reor lieu g 5s
,1938 •VI- S
1910' A O
Ga .Midland l«t 3s
! IS
Ga Pac Ry 1st g 6s
1922 J-J i.
1 Di
Knox A Ohio 1st g 6s... 1925 J J
1 0 >
.liohtfc Rir prior lien g5s 1945 1. j
Mortgage gold-is
1945 J J
i
1 -4
J-J
Rich A Dan cou g 6s
1915
Deb 5s stamped
1927 A-O 10U
Rich A Meek 1st g 4s... 191* M-N
:
So Car A Ga 1st g 5s
1919 M-N ! 106 4......
109
M-F
Virginia
ser
95
108*4 1 13*4
90
93 4 Sale
110 4 Sale
-
F-A
Sep’06
4 Feb ’07
lo, 4....... 10
*
....
loi
104
104
Since
Jamuary 1
|3
High So
Ask Low
127
116
112
117
No of Cal guar gos
1938 1A-C
Ore A Cal 1st guar g 5s. 1927 I.I-Jt
So P of Ar gu 1st £
J * J |1
1st
<r Gs
So Pacific or Cal—
1st g Os series Kit F...1912 AO
1st gold 6s
1912 AO
1st con truar g 5s
1937 M-N
S Pacof N Mex 1st g 6s..1911) J-J
So Pac Coast 1st git 1s g. 193, J-J
Tex&N’OSabDivlst g6s.l912 .M-S
*J “ J
.-o Pac RR 1st ref 4s
1955 J-J
Southern—1st con c 5s
1994} J - J
Range
Price
Pridau
i Bia
Gs...cl^09j
J’ne’06
985
4
4
4
94
116
88
115
.
....
j Og
....
944
j
1
j
-
See l'enn RR
Phil B & W
1
115 4 Mar’06
J.D
•
Pitts Cm A St L
Pit ta Olcve A ToL
Pitts Ft W A Ch
D
See
B A O
f
*
120
98
A-O
i
4 J-J
Pitta & West
See
BAG
7 J-J
7 J-J
L A 0
Reading
Co
Regmere.
Mar’06
....
J’ly’97
-
....
97
974 198
1 <*04 J’ne’OOi —
15
94
94 4 94
97 4 Sale
94*4
93*4
95-4
924
96 4
ReiujseJaer A Bar
See D A 11
Rich A Dan
See South Ry
Rich A Meek
See Southern
Rio Gr We*t See Den A Rio G r
Koch A PULS See BRdP
Rome Wat A Og See N V Con
Rutland See M X’ Cenit
Tn« A H See Pere Marq
91
91
904 91
Ot Jo A Gr Lai 1st p 4b...194'7 J-J
St LA Cairo
-See Mot) A Oh D
St LA Iron Mount See M P
8t L K C A N
See. Wabaah
St L At Br
See T RU A of St -J
St Louis A San Franowco—
♦
123 4
123
1244
J.J
J J
IU87* 1U9W 1(W 4 Apr’07
•
Feb’07
91
86 4
1 J-J
102 4 Aug’Oft
A-O
814
J-J
80*4
814 Salt
9K
-i j -D
Nnv’06
) j -1) ....... *97 4
119
Jail’07
tt-N
•80
5 AO
804 80 4
80 4
A-O
A-O
1
St Louis So See Illinois Oent
8t L S W 1st g 4s bdctfs.1981 * M-N1
2d g 4s Inc bond ctf8.../>193S 1 j .j
j-b
944 Sale
SO
76
77
....
54-
119
6
97" 4
93
80
76
Feb’07
StPANorPao
....
62
944
Apr ’07
764
102 4105 4 105-4 Jan’07
131
131
129?8
Dec’08
134
108
Mar’07
1074 i’ri
116 4 Apr’01
J.J •i<m
I M-N
107
1074 Mar’o?
99
100
99 <v 100
J-D
1004 Oct ’05
J-D
98
1004 Dec’06
A-O
A-O
] j7 4
124
May’05
’J-J
130
127
J-J
Apr’07
1364 May’06
J-J
112
112
J-J
Apr’l)7
115 4 Dec'06
j-b 112
ed..
77-4
82 4
l
A-O
J - j
j. J
j-J
Minn Union 1st
Mont C 1st
itgu g os.
92 4
2 123 41234
107
110 4
91
93
119
784
82*4
97 4
97 4
92
79 4
73
11
95
83
79
10141014
1014 Apr’07
J -D
St Paul A Dal
91
....
97 4
10541054
....
6 131
131
108
108 4
1064107 4
1
97 4 1004
130
1314
112
3^12
Series f> 4-58
1921
Series F. 5s
1920
General 5s
1930
Guar stamped
1 TOO
W O A W 1st cv gu 4s.. 1924
West N 0 1st cou g Os.. 1911
8 A N Ala
See L A X
Spok Falls A Nor 1st g Os.1939
'I'er A of St L 1st g 4 4s..1939
1 1st cou gold 5s
1894-1944
Gen refund s t g -is
1953
St L M Bge Ter gu g 5s. 1936
See So Pac Co
Tex A S O
l ex A Pac 1st gold 5s.
2000
2d gold inc 5s
92OOO
Lalliv B L 1st g 6s
11931
W Min W A N W 1st gu as ’30
Tot A O C 1st g ;5s
....1935
Weste.ru Div 1st g 5s... 1 935
General gold os
1935
Kan A M 1st gu g 4s.... 1990
Tol P A W 1st gold 4s
1917
Tol St L A W pr lien g 3 4s. 1925
50-year gold 4s
M-8
J
J
See A11 Co
Sav F A Weat
Scioto Val A N K ^Nor A W
>
A-O
M-N
M-S
74
Sale
9J;!4 Sale
1074 Aug’06
J-j
109 4
Mar’06
-T-J
106
Mar’07
110
J
106
Mar’07
Ui9
J-J
Gal
6
J-J
J-J
J-j
A.15H
9
74
100
734
984
88
Jan’07
964 Mar’06
”
J -J
Sher Shr A So See M K A T
Btl Sp Oca A«J See Atl Coast
So Car A Ga
See Bon thorn
South ern Pacitic Co—
Gold 4s (Cent Puo coll).fclP^
J-D
J -I)
F-A
F-A
J -D
A-O
F-A
M-N
M-N
M-N
M-N
J - J
A-O
A-O
Y.-N
J-J
16
854 Sale
86
854
106 4 106 4 Feb’07
Oct ’05
110
an
73 4 82*4
97
100 4
88
89
106
1074
106
106
85
90
’05
8834 Sale
6
88
96 4 Sale
4
88 4
884
Dec’06
9d
96 4
97
99
Jan’07
84
84
84
864
98 4 Feb’07
94
Mar’07
103
103
Nov’06
109
109*4
110
106 4 J’lT’OO
1 05
107 4 Feb’05
104
107 4 104
Aug’06
1114 Apr’07
1114
108 4
1114 Jan ’07
94
94
91
93
116
Dec’06
109 4 Feb’06
.
81
87
106 4 108*4
95
1004
99
99
3
82 4 86
98 4 98 4
105 4
103
.
....
i
109 4 1114
111
112
92 4 94 V
M-K
Registered
....1929
103
105
......
loo 4
109 4
F-A
J-J
-
J-J
A-O
J-D
A-O
J-J
J-J
A-O
J -D
J-D
5».2003
1939
1939
Debenture series A
1939
Certificates of deposit
Series B
1939
Certificates of deposit....
1st lien equip s Mg os..1921
1st lien 50 yr g term 48.1954
interim etts 50-j’r 4s
DetACh Ext 1st g os..1941
Dee Mom Div 1st g 4s..1939
Cm Div 1st g 34s
1941
Tol A Ch Div 1st, g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 4s. 1954
2d cold 4s
1954
Warren See Dei Luo A West
Wash Cent
See Nor Pac
Wash O A W
See Southern
West Maryland 1st g 4s...1952
Gen A eonv g 4s
!9o2
\V Va Cent A P 1st g 6s 1911
West N Y A Pa 1st g 5s..1937
Gen gold 3-4s
Income 5s
West No Car
See South
1943
d 1943
J-J
117
108
J’ly’OO
1 i 2 4
93 4
112
Jan ’0.
Ill
Dec’Ou
0
6 106 4
......
....
110
111
1094 110
91*4 ’<6 4
3 109 4 109 4
Jan’0<
10 1124 117
93 4
94
....
111
....
.....
Ill
118s*
......
111
....
10*2*4 io*2*4
"i
...J
6
90*4
97
80
S5
80
89 ”
87 4
82
110
....
97
110
99*8 1024
1014
93
3
97*8
1
1
6
1U0*4
HO
994
117*4 126
111
83
114
94*4
.s7*4
87*.
....
103
1034
106
1114
J’ne’06
1024 Fob’06
110
112
101
98
“Sep’06
106
112*8 1114
Mat’07
112 4
102 4 101
95
80
101
Nov’06
114
67
J.J
i'06
ii>2
J -J
63
65
102
93
65 7s Sale
J-J
J-J
A-O
M-S
A-O
J-I)
J-D
1
102
J-J
M-S
113
Feb’05
87*4 Mar’o?
103 4 Feb’07
J-D
M-N
F-A
L1L 4
-
116
90
\J audalia cousol g4s ....1955 F-A
y era Cruz AvPl8tgu4 4sl934 J-J
Ver Val Xml A W See Mo P
\17 abash 1st gold os
W
2d gold os
\>8
1 i 8*4
....
16(5
Mar’07
Oct’06
112
108 4 Dec ’06
113
Dec ’(>.■
110
Ajir’OT
J-D
M ar
J J
F-A
loO
116
jiXO
112*4 Jan ’()■
ill
Apr’O J
92
Nov’06
Mar’06
110
106 4 Nov*04
111
110
Apr’07
May’04
107*8 108 4 111
102 4 Mar’O 7
102
91
91
Sale
91
86
60
83
Apr’07
Mar’07
So 4 86 4 85
80
80
80
95
Dec’06
Mar’07
110
1084112
93
93
Sep’06
urn
S102 4 Sale 1014
99
99
Apr’07
98 4
98
98 4
119
119
1184 120
112
112
1114 113
92 4
92 4 Sale
92 4
Utah A; Nor 1st 7s
1908 J-J
Gold 5s
1926 J-J
Uni N J RR A C Co See Pa RR
Utah Central See Rio Gr Wes
Utah «fe North see U11 PaciticUtica A Black R See N Y Cent
See South Ry
Apr’O,
lo-4 Apr’06
96
tu t ’05
112 4
ll‘24
115
105
112 *a
94
117*4
11104 1 1 4
I 6s
694
1117 4 119 4
1116
....
109 4 Apr’07
96 4 Jan '07
10:) 4
169 4
ill
jll278 113*8
....
117
1
111
Ill
■
..
.
113;V Mar’o7
i 17 4 Apr L:7
110 4 Mar’07
68
Jan’o7
1174
117 4
J - J
A-O
F-A
J-J
A-O
Ure Short Line lstg68..1922 F-A
1st consol g 5s
1946 J-J
Guar refund 4s
1929 J -D
Va A Soutlnv’t 1st gu
j-j
....1950
M-8
M-S
M-N
Tor Ham ite Bull 1st g 4s./il940
I 1 Ister A Del 1st cou g os 1928
vJ
1st refund g 4s
1952 A-O
U11 Pae RR A I gr g 48 ...1947 J-J
Registered
1947 J-J
Ore Ry A Nav con g 4s. 1946 J-D
Virginia Mid
&e«Nor Puo
Registered
C Os...1916
Mid
-
■)
-
l«’el)’07
111
A-O
N ov
Nov'04
Feb’07
Lec’06
100
74*4
75>
24 4 Sale
214
24 4
114 4 115
90 4
T
„
107>
82
-
-
75
68
106 4 Aug’O
1144
1U4
744
55 4
06 4
109
80
80 4
54
100
102
69 4 SO
£
20
32 4
19
33
824
71
55
lb
3
III 4
99
68
1154
93 4
90
34
Apr’07
Fcb'O,
34
34
108
Apr’07
lOS
10s
110
Dec’06
1114 Aug’06
87 4 Jan ’o?
'
LOT
664 268
97
80
93
97*4
100
74 4 Sale
5i> 4 Sale
1014
Mar’06
Apr’07
Ky
Wheel’g A L E 1st g 5s... 1926 A-O
Wheel Div 1st gold 5s.. 1928 J-J
Kxten A Imp gold os. ..1930 F-A
RR 1st cousol 4s
1949 M-S
20-year equip s f os ...1922 J J
Wilkes A East See Erie
Wil it Sioux F See St P M. it M
Wis Cent 50-vr 1st gun -is. 194 J J
Mar’07
7$ *alo
75
114
57
764
67 4 75
101
102
20
63
Apr’07
109
1084
A-O
A-O
J-J
J-J
614
18 110
12
99
....
....
87 4
87 4
69
—
88
87
87 4
9
86
994 100
99
99
7 ;
0S*4 103
87
MISCELLANEOUS BONDS—Concluded.
1934
U a ia^ath (.*> at deb g6a..l#l8
U S Realty A 1 coot deb g&« ’24
U S steel Corn— \ coup .d1063
A-O
F-A
AO
F-A
J-J
J-J
J-J
AO
M-N
J-J
M-N
M*N
Westinghavwo RAM arts ’31 [j-j1
No price
96
Sale
72 4
8t 4 Sale
104 *j N*ie
89
90
96
95
73
83 4
104 4
Aug’06
96 4
Apr’07
84 4
104\
884 Apr’07
too
97 4 Oct ’05
99
99
87 4
82
Jan’07
•
70
70
Apr’U7
95 4 96
Apr’u7
Mur’d 7
105 4
104
•
86
8 /
874 86 4
98 4
99 4 Sale
99*4
96 4
97 4 8alo
97 4
97
96
Apt ’07
94
Salt
93*4
94
100
100
A-O
AO *99
81
M-N
Sf 10-60 yr U. \ re* ..J19«*
Va-Car Oheru oel it 6s a. .1C12 A-O
*
-
Friday; latest bid and asked this week.
u
.
.
.......
80
*6*9
44
....
4
...1
1
......
99
93
724 79
82 4 90
1G3 4 108 4
884 92
97 4 106
......
....
94
4 102
82 4
70
97
70
95
4
67
106 4
94
36 4 95
99
93 4
99 4
94 4
99
97
Nowp Ne Ship A 1> 1> 5s (U;‘90j J - J !
N Y Dock oO-yr 1st g 4s..1931} F-A;
l92t‘M-Sj
StJooephStk YMs 1st4 4s. 1930: J-J ,
St L Tor Cnpples Stat’n A i’rdp!
Co 1st g t 4s 5-20 year.. 191?j J -I>
Provident Loan Soo 4 4s.
1923; J - J
Sp Val Wat Works lst Os.IWO M-S
IT S lied A Ret 1st s t g Os. 1-93T
8 Y nba Wat Co eon g 6a._
70
82
Sale
41
Oct ’06
HU
70
70
Mar’8 7
97
....
Sep’06
70
h
|ioi“ ibT‘
70
45i
*
70 4
87
-
^
93
93
Apr’07
99
May’06
100 4 Sep ’05
1
92
95
**”(
ii;
95*s 91
41
j Duo Feb d Due Apr * Due May pDueJ’ne h Due J'\j
934
Due Jan
Adams Kx col tr g4s
1948 M-S
Am D.c A Imp 5s
see Cent N J
Am SSCool W Va g 5s
19201M-N
B’kl’n FerryCo 1st cons g 5s ’-is! F-A
Clue J c A Sl Vard ool g 5s. 1915! J - J
DetM A M Id gr incomes.. 1911! A-Oj
Int .Mfrcini Marine 44s..l922|A-O;
lnt Navigation 1st a f 5s. 1922; F-A>*
Mail Bell'll A L gen g 4s.. 1910} M-N
i
Repub 1 AS 1st A ooltr
dliscellaneou.H
J-J
'
Mnmilnetuiing «.V lutf««rtrinl
Beth Steel 1st ext sf 5s.. 1928
Ceut Leather ’JO-year g 5a. 1925
Consol Tobacco 50-yr g 4s. 1951
Distil SocCoreonv 1st g 5s.’27
lnt Paper Co 1st eou g 6s.l9ltf
Consol coby s f g 5s
1935
lnt St Pump 10-yr oonv. Ge T3
Knioker loefOhtc) 1st: gbn.u/S
Lackaw Steel l.ft g 5a
1928
Nat Starch MlgOo 1 stg'4s l99d
Nat Stardi Co a f deb »*._lVhl5
j*iy’04
[iS4rvr’m'
90
Mar’OY
1 90
*»T*
CHICAGO STOCK EKGHAYGKE—-Stock
STOCKS— HIGHEST AND LOWEST SALE
PRICES
Saturday
Monday
April 22
April 20
•180
200
5
*4
182
183
185
6
•4
*4
*15
19 V
*4b
5
16b
*15 4)
•
4b
•
84b
65
43
25
60
8"
*
*
*79 4.
*28 42
*95
17 4a
14
4
*
84 4a
♦24
26
*64
*35
•
80
“28 V
*95
30
29b
35
40
25
60
bO
*
98
301
204i
19 V
5
74b
•
26
Thursday
April 25
April 24
185
5
16
54
85
Wednesday
*180
200
•4
5
16
•14 b
54
•84 b
•24
•64
*36
Tuesday
April 23
*
+
M>
29 b
98
30
•284a
*95
•29
19
4b
14
54
84 V
26
65
35
25
60
idb
4 ‘b
14b
15
84 b
54
84 b
♦
37 b
17 b
4 4
37 b
*
25
58
58
81b
91 b
81b
29 b
98
32
29
2.9
30
31
Friday
April 26
Record—Daily, Weekly and Yearly
STOCKS
CHICAGO STOCK
EXCHANGE
Unilroads
*180
200
*180
200
Chic City Ky
1<*
Last Sale 4
Mar’07 Chic & Oak Park
lot’
15
15
*14b
15 b
D»
pref
10c
17
18
17b - 17b Chicago Subway
10b
4 b
4 4
5
*4b
Chic Union Tract....100
*
*
14
15
14 b
16
Do
pref
100
Last Sale '54
Apr’07 Kans City Ry «fc Lt ..100
84-, 84 4
94 b
84 V
Do
pref
100
Last Sal \26
Apr’07 Metropol W S Kiev.. 100
Last Sale 65
Do
Apr’07
pref
100
*35
40
36
36
North Chic street....100
23
24
22
22
.Northwestern Elev..lOO
*58
60
58
58
Do
100
pref...
•81b 83
*80
83
South Siae Kiev
100
.*28 b 29'
•28 b
29 b Streets W Stable C L lou
-
Last Sale 9S
31
31
•25
Anr'Oi
26
Do
pret
West Clue street
100
100
Miscellaneous
6b
6 b
6 b
6b
6b
6=8
6=8 American Can
IOi
57 b
67 b 67 b
57 b 57 b
56
56
Do
*
pref
101
130
130
•126
130
*126
130
Amer Radiator
-127
100
•127
136
130
130
*127
136
*
128
128
Do pref
100
73b
*72
•71b 74
*73b 74
74
74
73 V
V
73
Amer
104 b
1UU
Shipuldv
*104
106
Last Sale 105
Apr'01
Do pref
*35
40
•35
100
*40
*35
40
-35
40
Last 5 a. 1 e .7S'
Apr
0Amer
Straw
34
•
Hoard
24
*35 4? 37 4
*35
3 5 b 37 4
37 4.
*1^,') ^
’■>7 \
35 b
57 4 Booth (A) A Co
106
10b
•106
110
1001
*
106
1 10
*106
110
•106
110
106
lit)
Do
*
*48
53
pret
50
100!
50
49
53
52 b 52 4
•50
53
Last s a i • 16 j
Mar’07;
...1
Last Sah '16
Mar’OO'
*1
*1
IV
1
'1
IV
Last sati
IV
IV
*5b
ew’g A Malt’g.
6
AIur’oTj
6
*5b
6
•6b
Last Sale 6
*5b
6
Do pref
*140
Jan’071
113
V
*140
143
143
113
143
143
113
143
*140
143
•40
4 Is
•40
41 4
•40
11 4
41
4 l
41
4 1
41
41
*
130
IV)
130
130
130
130 V 13UV 1 oO [4 13U
124
130*4
130 b
*
•105
lot)
•105
106
105
106
'105
105 4
1(>5
105
105 b
i 05/ b
124
124 b
124 b 124 4
124
124 b 123 b 124
124
121
124
124
*53
54
53V 64
*54
65
55
53=8 53 V *54
*54
55
Illinois Brick
lot;
Last Sale 31 Q
Nov’05 Knickerbocker Ice...100
Last Sal* so
Feb’06
Do pret
10(
Last Sa l■ 4 b
Jan ’01
Last 'iah 2 b
Jan’07
Last S a. l, 27
Alar’07
Do pref
7 C b 76 4
77
76sg 77
77 b
77
*7 7 b *7Gb 7“ bj * 7 6 b
77 b
•
tional Biscuit.
*113 b 114
114
114
1J 3 4a 11 4 4
114b 114 4 *114
•113
114b1
b
114
4
•
Do pref
•70
75
.100
75b *70
75 b
'70
77 4
Last sale\70
*
tional Carbon.
Apr’-//
*114
115
*
.100
UOb *110
116
1164 Last SaVe\lll
Ayr’07
Do pref
.101/
Las t S al e io>b
Al ety’05
Last Sale 99^
J’lv’06
40
4 14
41
43
-40
42
42
4243
43
*40
44
*88 4a 89b
toebuck com. 100
8b b s9l90
90
89 b 89190
99b
90
90
Do
106 V105b
pret
100
105b lbob 105 V 105b 105=8 105 V l05 b 105 V 105
7a
10
J
Co
140 b 14 0 b
100
143
148 b
146
156
I5u
153
155
150
'j
A
aker
100
Oats
iUO
Co.
100
i01
U L
101
101
101' •ICO
101
100
lUOb
Do pref
'-‘8
100
2b
2
*
2
2
‘J
*2
2V
2
2 V
*2
2 V
it'd
]
EJox
12
lid
A
P
12
Co
100
12
12
12
12
12
11-..
11=8
12
11b
Do pref
lib
•26
26 4a
100
26=8 26 V
“25 b 26b •20
26
n Stone
100
6b
67
6b
G°e
57
130
136
•
*.»*._*_
130
128
6\
«
,
„
w
^
6%
57
.
Lowest
70
*’T6
1,660
1,035
24:
Highest
153
300
200
IDs
100
i
:
*405
415
010
;
60:
5(
•
..
i
6
82 12 J
155
125
4 5s
(5u
i “
S' a l
| Hi
r
e\
Sa l
Salt, i
Jan ’07 I
b
Apr’07 1
25
Feb
40
Apr 17
88V Apr 17
101.4a Atari 5
133
08
1
6
25
20
Nov’06 1
Feb
76b Mar20
112
Mar 2 6
70
Apr 18
107
Apr 9
Con Mm:n2 50
-West
Apr
<2
Apr
J an
Mar
Apr
6
J'nt
li7e
51
J’ly 72
Fet. 130
115
128 42 Dee 136
54
Jan
81
112
3 i
40
Jan
Jan
Nov
Jan
Nor
Nov
b Deo
Feb
113 4: J’ne
64
web
M ay
I68:,e May 175
16
Feb; 16 b Feb
o:
1
1
Alar
Atari
6
Nov
7
Jan
136
Feb
J’ly 165
45 b Dec
63
Feb
lol
Jan
Apr 130
103
Aliiv Id 8
Jan
113
J’ne 147
Feb
41 b Sep
71b Jan
*
JFtniiur
m
Jan
Jan
'
45:,b Jan 31
2 4a J an 23
*
Sale 32 b
1
:
Jan 9
6
Alar21 149
4«
Alar15
51
115 b Jan 2 134
lt>2 b Atari6 108
119 b Jan 24 126
44b Feb 1 54
---
Last
L a st
Last
u as t
J an
....
260
Highest
Marl9 205
Aj»r e! 140
Sep 200 Jan
Marl5
5
Dec
JaD2;j
7b Jan
Feb 20
16
Api ej 15 Dec 23^ Jan
Atarii
46 Si Jan 2i 3034 J’ly
5’.)
Maj
6 *4 Apr
Apr 2.;
4
J ’ly
1
13 b Feb
Apr2> 19b Jan
12^ M a) 46 b Alai
Mar 2.
65
Jan, Id! 54 4a Jan
Gs 4j Feb
Mai 2 5 87
Jan IV
85
Oct
03 b Feb
Alar i
28
Jan 24
25
Oct
30
J’n«
Apr 4 72
Jan 15
65 4: Oct
72 42 No?
4 5
Apr D
25
Apr 4
Mar 85
Max
Apr 26 25 b Jan 25 23 b j’ly 28 42 Feb
Apr 2 4 64 b Jan 15
60
68
Atay
42 Mar
Atari •'
00
.tan 4
80 42 A pi
00
J’n*
MaiJ2f 3 4
Jail 1
27
Alav
35b Nov
Feb 2- 08
Jan 21
07
Dee 102
J’m
Alar10
35
23
Apr 3
60
Feb
Api
Jan 25
7 4* Aprl
AlarlS 60
Apr 1
Jan 7 133
Fe p i
Mar 28 130
Apr:
Mar20 st) >2 Jan ]
Apr in loo
Jan
JaD 2]
40 .M ail
Apt 201 33 b Feb
A prvo! Ill
F eb
Mario! 54
J an
Feb 27 165
fell i
......
....
Lowest
o|
56*u
•
*
Range tor Threoiott*
Year(1906)
1907
*
*
130
129
74
Range tor Year
Sales
o/ the
Week
Shares
’79 V Feb
8*o
Feb
May
Ma)
43
Sep
2
b Feb
J’ne
23
Mar
Jan 11
46
.Jan 23
lb
Mar 4
21
Jan 14
62
Jan 7 113 42
Jan 11
73
Jan 17 112
Jan
Dec
05
Alar
122 b Alar
'*8b
i'ly
0*3 b May
57
05
May V 0 4j Dec
Jan 110
Oct
Jail lo
50
Aug 63 b Deo
Jan 26
02b Nov
00
Sep
1 13 42 J an 1»
101b Jan 110b Sep
Apr 0 150 Apr 20 11 5
Ala' i 52 4» J an
b Apr
1o234 Jan lo 00 b Dec 106b Feb
Jan 2
2b Apr 8
2 b Jan
•'*4 Dee
J an 2
5 b De<
12b Apr 8
17 Q J an
Mar2o 30
Feb 14' 28
Dec
42
Alar
32 b Jan 24
32 b Jan 24
1014 Apr 15
2*6”
29b J’ne
7b J’ly
Jan 22!
14b Mar
J b J’iy
14b Feb
14 b Mar
20% Nov
4b Oct
11 A
Chicago Bond Record
BONOS
CHICAGO STOCK EXCH’Gh
Wkkk Ending apkil, 26
i
k
Friday
April 26
.-J
Amer Biscuit 6s
.1910
Amer Strawboard 1st 6s. .1911
Cess Ave & F o (St L)—
6a
Clue Board oi Trade is
.1327
Clue Consol Br <fc AlitOs
Chic Consol Trac 4 l‘j#
.1339
Chic Ediaoi.—
..
5
Thrice
to
s
......
Bid
J-J
J-D
J-J
J-D
.1913 J-J
V1920 A-O
st 5s.. .1929 F-A
Cluo Dock Co 1st 4s
.1929 A-0
Chic No Shore Elec 6s... .1912 A-0
Chic A Alii Elec By 5s
.1919 J-J
due Fneam Tool—
1st 5s
al921 J-J
Cine Bock I A Pac BB 4s .2002 ,i-N
Collat Trust g 5s
_191Mil-S
Commonwealth Elect—
08
>1943 M-S
Illinois Tunnel 5s
1928 J -D
Kaxis City By A Lt Co 5s .1913 MS
Kmckerb cker Ice 1st 6s .1928 A-U
Lake street El—
1st 5s
.1928 J-J
Income 5s
.1925 Feb
Metr W side El—
1st 4s
.1938 F A
Extension g is
.1938 J-J
ifortn chic St 1st 5s
.1909 J-J
1st 5s
.1910 J-J
.1931 A-U
Refunding g 4 bs
No Chic City By 4bs
.1927 M-N
North West’n Ei—
1st 4s
.1911 M-S
Ogden Gas 5s
.1945 M-N
Pearsons-Taft 5s
.1910 J -l>
4*4Us
M-S
4'60s Series E
M-N
4'80s Series F
M-N
People’s Gas LAC 1st 6s 1943 A-O
Refunding g 5s
M-S
1947
Clue Gas Lt A C i st 5s. 1937 J-J
Consumers’ Gas 1st 5*. 193b J-D
Mutual Fuel Gas 1 st 5s 1947 M-N
South Side Elev 4 b«
1924 J-J
Swift A Co 1st g 5*
1914 J-J
Union El (laxip) 6s
1945 A-O
Union Facilic eon v 4s
1911 M-N
United Box Board 6s....
West Chic St 1st os
1928 M-N
Tunnel 1st 6s
1909 F-A
Debent 6b
1914 J-D
Consol g 5s
1930 M-N
West Div City By 4 bs.. 193. J-J
West’rn Stone Co 6s
1909 A-0
...
....
......
Note*—Accrued interest
....
mus t
1
Week’s
100
......
......
,
.
.
...
100
.
.
_
^
0
......
101
t
100
98
t
High
So.
Max’07
....
100b Apr’07
101
103
55
High
100
1UU
101b 102
....
Alar’06
....
Apr’b4l....
Apr’o7
100b Nov’06
100b
101
96b Jan ’06
87
......
......
......
*55
55
....
5
LOO V 101
....
...
Feb’06
......
....
■
80 V Salt
7UV
8Gb
Nov'O'i
Apr *04
20
77
2
100
90
101b
Dec’06
98
Jan’07
79
80
101b Sale
......
......
......
.....
......
......
101b
91b
31b Feb’07
16
Aiay’UO
89
84
90
84 b
90
84 b
Apr’07
90
Dec’06
*7o
Aug’06
Vo
Feb’O,
......
90 b Sale
93
93 b
U’7
498
499
......
103
101
99
100
93
69
90
......
......
104
102
be added
...k
i
....
Is
....
99
100b 10U»4
100 v 100
72
95
76
to all
_
-
„
„
^
98
98 V
90
*93 b
90
80
90 V
85
114
70
85
76
75
89b
92
90 =h
95
97
97
....
....
i
1
103b Feb’06
93 b
68 b
75
-
102 b
....
89 b
90 b
93 b Mar’07
100 b Mar’06
97 "Mar’07
99
Oct ’06
99 b Sep *0..
118
Nov’06
101
Apr’07
103 b
103 b
101
101
39
3
100b
LO I
102 b
104 b 104b
101
102
98
100 b
102 V
100
3
98 b 100
o
100
Nov’04
Apr’0,
Apr 07
68
85
75
85
Sep ’06
72 b Dec ’06
76
Apr’07
h7
Dec’06
96b Jan ’00
Chicago Do
Dividend
Surplus
if
In
IToftUt
1905
Jn
lyiR
Record
Per
ion
Last Paid
°T)
Bankers National
$2,000,000 $1,210,477
8
8
Q-J Apr ’07, 2
Calumet National
100,001
31,932
5
5
J-J
Chicago City
500/000
10
137,411
10
J-J Jan ’07, 5
Commerciai National.. 1)3.000,003
12
4.ioo;oog
12
Q-J Apr ’07, 3
Continental National..
4,000.000 2.772,579
8
8
Q-J Apr ’07, 2
Cook Co State Savings:
50.0001
7./73
6
6
Q-J
Apr '07, lb
Corn Exchange Nat...
3,000,000 i 1,528,030
12
12
!q-j Apr ’i)7, 3
Drexel State
j.
6
200,300
33,017
t5
|Q-J Apr ’07, 1 b
Drovers Dep National
600,000
339.335
8
8
Q-J Apr ’07*, 2
Englewood State
200,000
31.488
3
Q-J Apr ’07. lb
Federal National
!
500.000
74,>29 Began busin mss Oct 16. 1905
First National
! 8,000,000 7,036,667
12
12
Apr ’07, 3
Q-J
FirstNat Englewood..
10
100,000
141,834
10+10 Q-J Apr ’07, 2 b
Foreman Bros B’k’gCo
500,000
Priv ato Ba iik
646,57
5
Fort Dearburu Nat
1,300,000
6
376,120
6
Q-J Apr ’07, lb
Hamilton National
500,000
181,778
F-A Feb ’07, 2 b
Hibernian B’k’g Ass’n 1,000,030 1,LOS,760
8
10
Q-J Apr '07, 2
Kaspar state Bank
•200,003
91,359
Monroe National
.r’ou o()o
23,259
y-F Feb ’07, 1
Mutual Bank
: 509)00
65,07 J
Jan ’07, 4 b
Nat Banket Republic.
2,000,000 1,202,868
6
6
Q-J Apr ’07. 2
National City
1,500,000
357,746 Began busin ess Feb 5, 1907
National Live Stock...
1,000,000 1,319,011 12+3 12+3 Q-J Apr ’07. 3
North Ave State
5 1,58 i Began busin ess
290,000
Dec 8, 1906
North Side state Sav..
5.728
60,000
6
6
Q-J Apr ’07, lb
Oakland National..
100,000
6
6
33,751
Q-J Apr ’07, lb
Prairie National
250,000
63*48'
c500,000
8
55,961
1|33 Q-J Apr '07, ie
Railway Exchange....
250,000
9,106 Began busin ess July 3, 1906
Soutli Chicago
200.000
Savings
60,245
4
5
Q-J Apr ’07. lb
Security
300,OOU
8J,
135
Orga nixed Oct 12, 1906
State Bank of
Chicago. 1,000,000 1,022,496
8“
8
Q-J Apr ’07, 2
Stock Yards Savings..
14 5,20 4 None
250,000
Union Bank of Chicago
200,000
38,345 Began May 1, *190 5.
Union Stock Yds state
200,000
49,168 None
6
Q-J Apr ’07, lb
Amer Trust A Savgs..
3,000,(MM) 2,154,866
8
8
Q-J Apr ’07, t
central Trust; Co of Ill
2,000,000
966,162
5b
7
Q-J Apr ’07, lh
Chicago Suv Blc & Tr
n 5oo ooo
nH3,22'.i
Citlzeu8 Trust & Sav
50 000
.....
.
’
•>
84 b
......
......
81V
99b Nov’061....
91
......
ing
Stockt
Low
....
......
Outstand¬
NAME
"
.
100
......
Range
for year
1907
Ronds Sold
or
Last Sale
Ask Low
98
Chicago Banks and Trust Comoanies
Range
F-A
J-J
Debent 6s
1st gold 5s
Chic Auditorium 1
„.
"
•
colonial Trust A Sav..
Drovers Trust A Sav..
First Trust «fc Savings
Harris Trust & Sav
Illinois Trust A Sav..
Kenwood Tr A Savings
Lake View Tr A sav..
Aloroliants’ L’nATrCo
M etropolitau Tr A Sav
Northern Trust Co....
Northwest Tr A Sav...
Peoples Trust A Sav
Pullman Trust A Sav.
..
Royal Trust Co
stockmen’s Tr A Sav
Union Trust Co
Western Trust A Sav.
W Side Tr A Sav Bk.
Woodiawn TrASav Bk
.
70
.
.
nd
78
.
price a.
• * *
******* mmmm
7,443
600,000
200,000
2,000,000
1,250.000
4,500 000
200,000
200,001)
539,676
7l),03e
24,966
4,116,636
323,745
1,719,515
200,000
51,060
256,002
545,693
6(M),0()()
200,000
1,000,000
1,000,000
200,000
200,000
6
10
6
863,892
258,122 Began busin
7,616,208 12 + 4 12+4
36,901
3,000,000
750,000
1,500,000
200,000
kJOO.OOO
5+5
35,906
*53239
898,992
288.760
Orga
12
6
8
12
6
8
Orga nized
’07, 3 b
Q-J Apr ’07, lb
ess
u
Feb 4, 1907
Feb ’07, 1
Jan
Nov
’07, lb
18, 1905.
Q-J Apr ’07,
’
S
Q-J Apr *07, lb
Q-J Apr
’07, t
J’ly 28, 1906
8
8
Q-J Apr ’07, 2
0
8
Q-F Feb ’07. 1
Incor porate dM arch, 1909
6
18,722 Began
24,832
nixed
Q-J Apr
6+1
basin
6
Q-J Apr
Sep
’07*, l‘b
5, 190$
Q-J Apr ’07. lb
K Dividends are paid Q-J with extra
payments Q-F.
1! Include* special dividend of
and Mat ch 23, *u7 for State
30% paid Dec. 18. 1906.
t Match 22, *07 for National Banks
institutions.
* Bid and asked
prices; no sales were made ort this day.
5 Due June.
t No prioe Friday; latest price thi« week, a Dae Deo. 31.
eCapital increase.!m. 1. 19o7 from $J5O,O<)0, a cash dividend of 30
A. Due
per
cent
declared
and
to
being
be
taken
as part payment for new stock.
July, k Capital to be increased to $560,000, a stock dividend of
33b P c. being declared in part payment therefor.
increased.
o Capital increased from
n Capital and surplus to be
$2,000,000. and $2,000,000 added to surplus.
8 Capital to be increased to
.
$300,001
Ape. 27
Telegr A Telephone
Volume of Business at Btuik Exchanges
Stocks
l»o?
Sh
74,(504.750
67.277,95o;
61.758,750
1.3 71,000
1,450.500;
39,172,SOU!
1,278.000
3u5,00U
31,424,3001
1.149,0'JU
6M.500
3.372,9S 71 $285,952.4 50i
Excn ange
,00"»
4
$43,500
April 26
1907
1906
1907
1906
89.188.041
101,761,909
$7,616,605,910 $9,165,480,950
3.372.987
6,902,627
Stocks—N o. shares
$285,952,450 $610,774,700
Par vaiuo
Bank shares, par..
$10,000
$157,500
*240,90
i
BONDS
Government bonds
State bonds
RR. and mis. bonds
7.240.000
Total bonds....
$8,625,500
$13,818,100
1,2*2,000
156,769,500
$694,400
34,895.450
259,660,300
$176,998,400
$275,250,150
$299,500
*29.000
2,094.900
11.694,200
$43,500
19.929,400
DAILY TRANSACTIONS AT THE BOSTON
EXCHANGES
April 26
Unlisted
shares
Listed
shares
1901
Saturday
Monday
Tuesday
Wednesday..
Thursday
Friday
Philadelphia
Bond
sales
4,425
$19,500
71.500
4,566
18,516
15.797
15,490
18,626
9,027
18,866
10,740
52,000
46,000
26,000
74,136
$270,000
5 5.0 JO
25.054
28.3'6
53,495
-
Bond
sales
Unlisted
shares
Listed
shares
$8,747
32.6S4
22,227
i.7,108
118,318
Total
AND PHILADELPHIA
Boston
Week ending
$11.300
11,025
19,50u
65.500
104,600
47,'00
8.494
2,6 22
7,859
187,736
42,753
73,800
$322,200
Outside Securities
A Weekly
Review o'
Outside Market will be round
8treel Railways
Bid
MEW YOKE CITY
27
Bleeck St A Ful F stk 100
85
Ijlst mort 4s 1950 ..J-J
220
j A 7th Ave stk ..100
100
dmort 6s 1914 ...J-J
See Stock Exch
on 6s 1943
102
B’way Surf 1st 5s gu 1924
llCent’l Croast’u stk..100 250
t
IjlstM 6b 1922 ...M-N
Cen Pk N A E R stk. 100
Chr’t’rA loth St stk 100
oLfc 9th Ave 5s See Stock
108
175
150
Exch
Dry D E B A B—
lllst gold 6s 1932...J-D 106
95
IjScrip 6s 1914 ....F-A
Eighth Avenue stk.. 100 315
96
iiScrip 6s 1914
F-A
U42dAGrStF’y stk..100 350
60
42d St M A St N AV..100
Ijlst mort 6s 1910 .M-S i 102
l!2d income 6s 1915 J-J
Inter-Met—See Slock Ex
Lex A v A Pav F 5s see St
Metropol Street Ky. 100
Ninth Avenue stock.100
Second Avenue stocklOO
67
clia’ge
k
Exc
95
160
175
Ijlst mort 6s 1909 M-N J100
Consol 5s 1948
F A $107
150
ou Boulev 6s 1945..J-J $100
So Fer 1st 5s 1919...A-O $100
Third Avenue see stock Exch
Tarry WP AM 6s 1928 $ 95
YkersStRR 5s 1940A-O } 98
28th A 29th Sts 1st 5s ’96 $101
HTwenty-Th’d St stk 100 360
SSixth Avenue stock 100
UnlonRy lst6s 1942 F-A $100
Westcliest 1st 5s '43 J -J $100
Street
Ask
30
90
235
104
list
106
300
115
190
170
list
108
98
360
98
400
70
103
72
list
list
4s g
165
104
105
list
100
lOl
105
400
106
105
So J Gas El A True 100
Gu gos 1953
M-S
No 11 ud Co Ry Os’ 14 J•J
6s 1928
J-J
Ext 6s 1924
M-N
Pat City con 6s ’31. J-D
2d 6s....1914 opt A-O
So Side El (Chic)
see C
102
hicago list
Gan Securities
NKW
g’27.JAJ $100 Hi
102
See s>t k Exc h list
181
100 165
IlMutual Gas
New Amsterdam Gas—
1st consol 5s 1948..J-J
N YA EKGus 1st 5s’44J -J
J-J
Consol 5s 1945
NY A Richmond Gas. 100
Nor Un 1st 5s 1927.M-N
1jStandard Gas
oom
96 Hi 97 4
1 u i Hj lt'3 4
$ 98
102
$
$
35
98
$
42
102
80
100
..100
11 Preferred
1st 6s 1930
Exch
100
M-N $104
Buffalo street Ry—
1st consol 5s 1931..F-A $1064 107 S
Deb 6s 1917
A.O $104
Chicago City Ry
See C liicagoi list
102
Columbus (O) St Ry..l00 iui
100
Ky....l()0
loo
84
See <■ hioago
66
87
list
liLomsv si 5s 1930..J AJ $104 4 107
107S
LynnA Bos 1st5s’24.J-D $105
24 4
2-G,
1]New Orl Rys A Lgt. 100
x
100
70 4 71
Preferred
i]Geu M g 4 4s ’35 See Stk K x list
Fort Wayne 6s 1925.. J-J
Gas A Ei Bergen Co.. 100
40
63
Hudson Co Gas
7..100
Indiana Nat A ill Gas—
1st 6s 1908
M-N
111
1j Gr Rap G 1st 5s ’15 F-A $102
North Chic Street See O
Pub Serv Corp t»f N J100
Tr ctfs 2% to 6% perpet
Coll 6s g notes ’09 M-N
North Jersey St Ry lou
1st 4s 1948
M-N
Cons True of N J...10U
1st 5s 1933..
J-D
New’k Pas Ry 5a’30J-J
Rapid Tran St liy.. 100
A-O
15
50
50
A O $ 90
$ 95
’37.A-O
Inca go
85
list
95
06
65
JU
$ 93
50
40
72
70
/
72 4 74
104
; 103
90
46
$106
235
$105
125
7
list
92
122
45
56
103
113
20
68
9/
100
94
94
52
32
Madison Gas 6s 1926. A-O $106 4 110
$130
132
Newark Gas 6s 1944.Q-J
89
91
Newark Consol Gas..l00
106
IjCon g 5s 1948
J-D 105
No Hudson L H A Pow —
os 1938
A-O $ 102
mo
1st 6s 1926
J-D
Pat A Pas Gas A Elec 100
1j Con g 5s 1949....M-8
JosepliGas 5s 1937. J-J
65
98
t
$
82
70
102
85
Electric Companies
Chicago Edison Co See C hicago list
128
1, K in gsCo El LA P Co 100 123
98
N arragau (Prov) El Co 50 f
60
70
N Y A (j El L APowColOO
70
80
Preferred
100
60
70
U lntco Electric ot X J100
4s 1941*
J-I) $ 09 4 71
accr’d int. r Price per sh. {Sale price,
^
a
Guggenheim Explo’n. 100
93
97:V
9 7 7ty
97«,
98 4
100
"
1st
100
preferred
2d preferred
100
Am St Found 6s *35 AAO
American surety
50
American Thread pref..5
AmTobac(uew)
Am
com
luO
TypeloTs com...100
100
Preferred
100
1st sf g 5s '19 op ’09. J • J
1] Barney A Sin Car
100
D Preferred
100
^Bethl’m Steel Corp .100
U Preferred
100
Bliss Company oom
50
...
Preferred
50
Bond A Mtg Guar....100
Borden’s CoudMilk.. 100
100
Preferred
British col Copper
5
Butte Coalition Min.. 15
Casein Co of Am com.. 100
Preferred
10o
Casualty Co of Amer. 100
Celluloid Co
100
Cent Fireworks oom. 100
Preferred.
100
Central Foundry
100
Preferred
100
Deb 6s 1919 op ’01M-N
Century Realty
100
CUesebrougli Mfg Co 100
City Investing Co.... 100
IlClatlin (H B) com.... 100
Ijlst preferred
1l2d preferred
100
100
Col & Hock Coal A l pi 1UU
1st g 5s 1917...... J-J
Col tr 6s Oct 1956..J-J
Cousolnl Car Heating 100
Cons Ry Lt* A Ref rig. 100
Consol Rubber Tire.. 100
Preferred
.100
Debenture 4s 1951 AAO
Con
Copper...
Consol
10[f
Uold...lOjt
Gold-Silver.... 10 (
63
107
Her’g-Hall-Mar.uew.lOO
9u> 1004 Hoboken Land A IinplOO
98 4
9S3n
98 ^
93*4
99 4
93
4
93 4
98
97 4
95 4
96
984
9738
115s 1910
1i Preferred
.10u
nteruat’lBaukmgUolOO
Mar...100
Iflut’n’l Merc
1
95 4
96 h
1j Pref vt tr ctf <
100
li’Col tr 4 4 See Stock
Luternat’l Nickel ....loo
100
Preferred
International Salt....100
1st g 5. 1951
A-O
International Sliver. 100
Preferred
loo
1st 6s 1948
J-D
Lackawanna Steel...loo
Lianston Monotype
20
9J 4
994
98
99 4
9J4
100
99 °b
994 100
98»« 99
964
96,
95;,4
96 4
95
99
98 J,
95 4
99 4
99 4
97 4
M-N
Houston Oil
100
Preferred
100
Hudson Realty
luO
1 [ngersoll-Raud com. 100
iOO
Lawyers Mort Co
100
Lord A Taylor
Preferred
100
IjLell A Wilkesb Coal.50
100
IlLonllard (P) pref ...100
Mack iy Companies See
99'S 1004 Madison So Garden.. 100
2d 6s 1919
M-N
963, 97 4
IjManhatt Beach Co. 100
1
1
90
66
6
Manhattan Transit....20
Mex Nat Construe.pf 100
Mitchell Mining
10
17
Stk
3
3
100
65
10
E
Monongahcla R Coal..50
Preferred
X
50
Mortgage Bond Co... 100
Nat Bank of Cuba....lOo
National Surety
100
Nevada Cons’d Copper.5
Xev-Utah Miu A om.li
17*4
^
list
1iNew Central Coal
20
N J Ter Dock A Imp. 100
N Y Biscuit 6s 1911 .M-S
N Y Mtge A Securit/TlOU
$104 4 106
t
t
100
125
34 4 36 4
70
74
liNew
York Dock ....100
100
^'Preferred
83 4
N Y Transportation...20
Niles-Bem-Pond coin. 100
89
Nipissiug Mines
98
Exch list
Ahineek Miulug
’ 25
Alliance Realty
1UU 120
Allis Chalmers Co 1st m
s f os ’36 opt ’16.. J- J $ 72
American Book
155
100
147
American Brass
lou
1i American Can See Stoc K fc.X
175
American Chicle Co..100
99
Preferred
100
GraphopUo com..100
Cananea
Hackensack Water Co —
Ref g 4s 52 op 12...J-J
Hall Signal Co
100
Havana Tobacco Co.. 100
Preferred
100
1st g 5s June 1 ’22. J-D
Hecker-Jones-Jew’l Mill
1st 6s 1922
M-S
1] Railroad Securities Co.IU.C.stk.tr. cfs.ser.A’52
Seaboard Air Line—
Coll os ext May ’ll.M-S
Seaboard Co....See Balt
2(>if
93
94
99
93
97
99
99
Deposited stock
Undeposited stock
Prior lien g 4 4s’30M A s
Con intg g 5s 1930.JAJ
Income os 1930
Chic Subway
100
Ft W A Den Cy ttd..l00
Great Northen Ore
See
N Y N H A HartfordCon deb 34s 1956. J A J
North’u Securities Stubs
Pitts Bess A L E
50
Preferred
50
1!f
Chopper
j:
90
9*14
Railroad
Preferred
30
LogA WabV lst6s*25.J-D
St
91
Westingh El A M 5s. 1907
Wheel’g A L E 5s ’08-F-A
Preferred
50
IOO
ion
lio-fc rnrif?NAr «& Ml
Gold Hill
Greene
Greene
Greene
Greene
75
29
91
(>0
100
lljGeneral Cliemicai ..10o‘
1iPre|erreil
loo!
30
...
Amer Press Assoc’n.100
Am Soda Foun com.. 100
1) Preferred
100
107 4 1084 Laiay’eGaslst6s’24.M.N
Colum Ry oon 5s See Ph da list
10?
Croast’wu 1st 5s *33. J-D $100
7100
5s g 1910
M-S
Lake Sli A M So 5s’ 10 F-A
Lou A Nash g 5s ’iO.M-S
Mich Cent 5s 1910
F-A
Minn A St Lg os’ll.. F-A
ido Pac 5s Feb 10 ’08. F-A
Nat of .Uex os ’07.opt A-O
N Y Cent 5s 1910.... F-A
Penn Cogu4 4s 1907M-N
eaRR 5s Mar 15 ’IO.M-S
St L M So'east 4 4s’09 J -D
StLASF g4 ^ ’08... J -D
South’n colltr os ’09. A-O
South Ry g os 1910.. F-A
Tidewater Con Co 6s 1909
U S Rubberg5s’08..M-S
Wabash os. May lo 1909
Am
1OO^ X 90 4 92
50
$ 95
100
Gas
104"
107
.06
mirt'RochAP g4 4s’09F-A|$
Cent Cross’n gu5s’09M-N $
Chic A Alt 5s 1912... J-J $
Cii R I A Pac 4 4s’o7. J - J >
A-O $
44 s 190Chic A W 1ml 5s’10 FA-A $
Cin Ham A D 4 4s’08.M-S
Erie 6s, Apr 8 190-1
lnterb R T ir4s L908 M-X
5s Mch 19 LO
M-S
Kan CSo g5s Apr ’12 J-J
A Tract. 100 XlOOHl 102
6s 1909 oonv ’07...M-S 110
5
Buffalo City Gas stocklOO
Exch
1st 5s 1947 See Stock
Con Gas of N J 6s ’36 J -J i 89
Consumers’ L H A Pow—
J-D $102
5s 1938
275
1 On
Elizabeth Gas 1 ,t (hi
118
Essex A Hudson Gas 100
v l jw.iede
SO
$loo
Am Cig aer A 4s ’ll.M-S
Ser B 4s Mch 15 ’ 12.M-S
Am Tel & Tel g 5s’10 J-J
Atlan Coast L 7s ’ io.M-"
loo
Ti Preferred
Short Term Notes
Amer Hardware
100
Am MaltingOs 1914.J-D
1st g 5’s 1952
Jackson Gas 5s g
k auaas Citv Gas
7o
$ 105
$
.100!
’Federal Sngar.com.. 1
60
1i Union Ferrv stock .100
111st 5s 1920
M-X
108
Indianapolis Gas
|| Empire
Steel
Preferred
$ 93
liUutario Silver
f
5
100
Otis Elevator oom....100
Preferred
100
Phoenix Securities....
industrial and .lliscel
YOKK
Cent Uu Gas 5s
Con Gas (N Y)
Brooklyn Union Gas deb
105
list
list
180
92
OTHKK CITIES
$107
$100
$110
$100
BA NY 1st6s 1911.J-J
X Y dc E R Ferry stk. 100
1st 5s 1922
M-N
X Y A Hob Con 5s’46.J-D
Hob Fy 1st 5s 1946 M-X
X Y A X J 2d 5s 1946. J -J
iOtli A 23d Sts Ferry 100
1st mort os 1919...J-D
Chic Peo A St L pref.100
Gen 4s 1934
See Stk Exch list
U nit RysSan Fran AeeStk Exch list
393, 404
Wash Ry A El Co....100
80
81
100
Preferred
79Hi 804
4s 1951
J-D
28
31
IjWest Chicago St ....100
75
76
IjCon g 5s 1936
M-N
Bay State Gas
......
4 Buyer pays
115
$ 97
$109
69
116
98
105
Syracuse Rap Tr 5s 1946 $104
102
Trent P A H 5s 1943J-D $100
United Rys of StL—
34
35
100
Com vot tr ctfs
71*, 713«
11 Preferred
100
Amer Light
Preferred
150
88
104
Gr*pt ALorimer St 1st 6s 102
Kings C. El—4s See Stock Exch list
65
75
6s 1944
A-O 104
k
Exc
U
list
1st 4s 1951
See St
99
N Wb’g A Flat 1st ex 4 48
112
Steinway 1st 6s 1922.J-J $108
laths 1921..
35
M-N $ 68
1949
Ask
96
180
195
102
109
Brk CAN 6s 1939.J-J
l,jAke St (Clue) El
Bid
OTHEB CITIES
Bklyn Rap Tran See Stk
UConey Is. A Bklyn ..100
l8tcon8g4a 1948. .J-J
Grand Itapids
Preferre<l
Railway*
Pub Serv Corp N J (Con)
J C Hob A Paterson 1 oo
BROOKLYN
Atlan Ave 6s 1909..A-0 $ 99
Con 5s g 1931....'..A-O $103
99
BBA WE 5s 1933..A-O
Brooklyn City stock...10 195
list
Con 6s See Stock Exch
99
Bkln Crosstn 6s 1908.J-J
Bkn Hgts 1st 5b 1941 A-O 100
Bkln Q Co A Sub See Stk Exoli
Preferred
preceding page.
on a
Ferry Companies
Brooklyn Ferry stocklOO!
looi
,
LackSteelgos ,909..M-S
2,751
10,002
31,537
44,989
RiverTeleph 100!
1iN Y A N J Teleph...:00!
1!Northwestern Teleg. 50|
$2,500
37,000
400.500
January 1 to
]ool
[l-Dianioiid
100)
Pacific A Atlantic
25;
flSouthern A: Atlantic 25;
$7,2 40,0001 $1,242,000
ending April 26
Week
Sales at
Sew York Stock
Hudson
u s
Bonds
*06,500
122.500
278,000
8857.000
1. M2 5.5 00 j
$1 1,714.400
875,605
781,208
757,680
4 6 l ,8*57
8(58,57 o
Total
*
State
Bonds
Batteryluo!
•
lOOj
Franklin
HGold A Stock
Par value
ares
128,494
Baturday
Monday
Tuesday
Wednesday
Thursday
Friday
«frc|
Railroad
Bonds
April 26
Induwirinl and >liwrei j Bin
AsM
Bid !
1
s
11
Corns Storage
75
I SO
Corn Prod Kef See Stock Exch list
130
; 138
113
j Cramps’ Sli A- En Rldgl oo1
■* '4
9 4
75
j* Crucible Steel
45
1; Prele: red
UMi]
714| 72 4
110
.Match Co.
i*124
124
55
65
; DominionCopper(new)loj
i
1 13 4; 114 4 i Douglas Copper
oP
Electric Boat
IOO
1<_>5 ! 11 ">
72
Preferred
loo
| SO
Electric Vehicle
95
1101
100
Preferred
lOOr
IjAiuer Teleg A Cable 100;
liGentrai A So Amer. 100,
Oornmer Un Tel (N Y).25l
Emp A Bay State Tel lOOj
EXCHANGE
AT THE NEW YORK STOCK
DAILY. WEEKLY AND YEARLY
TRAXSACTrONS
We-ek ending
987
THE CHRONICLE.
1907.]
90
Pittsburg Brewing....50
Preferred
.'
50
Pittsburg Coal See Stock
Pope Manufacturing.loo
1st preterreU
100
*2d preferred..
loo
Pratt A Whitu pret.,100
Public Serv Corp of Va—
lstmg5sJuiy 1936 opt
Realty Assoc (Bklyn)1U0
Royal B&k Powd pref.100
Safety Car Heat A LtlOO
Seneca Mining
2o
130
76
138
150
list
185
102
40
42
86
113 4 115
101
104
90
100
singer aiig uo
iuu
3
Standard Cordage
30
100'
1st
5
M.g.5s.’3i red.. A.O
} 93 4 95
Adjust. M.5s. Apr 1,1931
Standard Coupler oomlOO
187 4 195
f
Preferred
loo
4 '4
3*4
Standard Milling Co. 100
340
30U
Preferred
100
39
42
1st 5s 1930
M-N
y5
100
2 4 Standard Oil of N J..100
24
Swift A Co See Boston St
22 4
24
1st 5s 1910-1914...J-J
83
84
65
72
UTexas A Paoitio Coal 100
1st
6s 1908
n
A-O
139
Title Ins Co of N Y..100
11
12
50
Tonapah Min (Nevada). 1
i*3o 140 Trenton Potteries oomlOO
Preferred new ....100
130
134
Trow Directory
350
3/5
.100
Union
160
170
Copper
10
Union
108
111
Typewr oom..100
1st
t
8
preferred
100
7\
2d preferred
27
27V
100
2
United Bk NoteCorp.,50
5
Preferred
60
70
80
130
UU ni ted Cigar Mfg. ,pf. loO
140
United
128
135
100
Copper
Preferred
100
10
15
65
U. S. Casualty
75
loo
2 4
U S Envelope com...100
3
LOO
144 15 4
U Preferred
100
69
C S Steel Corporation71
185
tr
sf
1084
Col
5s
’ol
i
1
195
opt ’ll
Coltrsf5s’51 not opt.. i 1084
400
430
95
U S Tit Gu A lndem.100 100
98
100
107
1]Utah Copper Co. see S tk Ex
434
90
95
Waterbury Co, com.. 100
93
Preferred
100
74
Westchester
A
Bronx
*76
Title A Mort Guar. 100
1724
$ 82 4 85
97
100
1014 Western Ice
44
46
Westingh JLlr Brake..50
3 4
44 ’[ West El A Mfg—5s See
White Knob Min
10
4 4
6
Preferred
10
20
25
37
40
i Worthiu* Puuip pref. 100
.....
..
j
Ex-njhts xEx-div. i New stock. *jSolls ou S.’k Excli., but not a very active security.
BOSTON STOCK EXCHANGE—Stock
Record, Daily,
£hare Friee#—Not Per Centum Prices
Saturday
April 20
Monday
April 22
Tuesday
April 23
Wednesday
STOCKS
Thursday
April 21
April 25
,
BOSTON
Friday
Hanoe tor Year
Sales
th
Week
Share
Lowest
■
Railroads
95*i ! *95 4 95%
95 4
95 4 Atch Top <fc Santa FelO(
*95*4 961* *954
*05 4 96 4
*954 9641 Last Sale 96's
Do
Apr’07
•235
pref
10<
236
237
235
235
236
237
235
235
235
Boston cfe Albany....10(
236
142^ 142 4 *142
144
1414 143
142
1424 I 142
14 2 7i ,1 142
Boston
142
Elevated
4
1011
•222
225
225
222
225
*223
225
223
,•223 225
223
Boston 6c Cowell
10U
104*4 165
160 4164
1634 164
161
161
1614163
162
163
Boston & Maine
106
160
160
•160
162 4 *160 4162 4 *160
163
*160
1624
Do
pref
101
Last S a It 757
Boston*
ProvideneelOl
*12
Apr ’07
15
*12
16
*12
15
*12
15 1 Lastsai* \i2
Bust
Apr’07
SuburoanEl
Cos.
*62
55
*52
55
*52
55
Do
pref
*26
25 4
254 25 4
25 4 25 4
25*4 25*4 |
26
•
26
26
Boston &Wor Elec Cos..
26
•03 78
95 4
94 *t
934
964
954
954
95*.i
271
72
115
70
115
73
11L
*70
73
*70
148
112
111
73
14*
112
*70
73
73
145
1
Do prel
Chic June Ky & USi
Do
pref
Con & Mont Class 4..
Mar’07 Conn <fc Pass liiv pref
73
145
18414 184 4
131
131
*1084 110
*86
260
♦130
110
260
131
110
*85
87
87
•16
I
Last Sale 156
1
1314132
11078 1 11
*85
132
*110
•85
87
132
112
|
8/
I
132
132
♦Liu
112
I
17
*16
59
69
59'\
*2078 214
177
177 4
18
*16
69
18
69 4
♦214 22 4
177
178
69
*214
22 4
178
177
*
1 6
174 j
4
59
17
59
*214 22 4
177 4 178 4 1
5f 222
641 152
4 160
297
12
55
23
1,00(J
70
li
3< 145
13 L10
195
222
♦195
195
222
195
43
90
97
*
*95
40
88
68
88
8
74
174
123
*125
123
30
40
90
*95
130 4 137
*86 4 87 4
*87
*100
40
♦
97
1394 1414
*87 4 68 h<
174
106
105
20
20
8*4
964
97
•3 4
108
3 4
108
*7 4
8 4
207 4 207 4
210
147abl47:V
61
bl
So3,,
85*8
*
»
•
120 4
12o
167 7g
1674 168
9*4
94
106
21
*26
22
25 4
3
2*4
27*.
106
21
*25
3
1004
7
*7
*70
*9
24
55
88
120
64
28
38*8
3*4
*52
92 4
34
93*4
94 4
34
514
96*4
40
3 /
38 4
•
514
6
6
*•75
64
*•75
1
•
-90
13 4
10 4
13
10
17 4
*
17*b
-00
274
26
160
840
••37
797g
16 4
75
14
10
10*8
184
♦
39*8
3 <*8
80
16 4
a
161
835
30
165
845
•38
80
*38
317g
4
16 4
•1*4
17
132
24
17*4
132
19 4
17*4
6 Hi
12
15
78
2 4
•13
12 4
15
78 4
*4
4
12 4
16
80
12*b
2*4
14
2’8
66*4
14*8
14*6
80 4
87
88
•1
14
53 4
L
136
*214 21*4
14
14
118
lie
6
34
17 4
108
15
85
14
63 7s 55 4
135
138
22
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121
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109
122
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34
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109
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21
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62
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62
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10*b
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55
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lo
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Swift & Co
Do
4
4
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4
184
\>0
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287a
26
166
850
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26*8
30
'30
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-38
80 4
16
80*4
16Ha
814
1104
Last Sale 2
•16 4 17 4
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130
130
164 16 4
18 4
17
6 4
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12^4
♦14 4
82 4
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-
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Arcadian
Arnold
16 hi
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4
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21*4
214
62
62
10 4
514
44*4
Ra.lakl.ila
temp certfH
50
29 4
BostonConCtfeG(rcts)
27 4 Butte Coalition
170
JaiUinot tic Ariz
860
Calumet 6c Hecla....
31
Centennial
-38
Cons Mercur Gold...
Jdl
16
10
25
25
1
82*8 Copper RangeConColOO
Daly - VVrest
20
K^b’07
Apr’07
Elm River
12
17*4 Fra»kiin
25
Granby Consolidated. 100
G1
eeueCana tern ctfs
10*8
10 4
54
44 4
179 10/
87
115
40
Feb b 114
Feb 19 88
100
8>.
.
14*4 Michigan
84
3
87
65
139
22*4
2
122
6
Mohawk
Mon.ana OonsolC& C
Nevada ConsoDdated
North Butte
Old Colony
Old Dominion
Osceola
Parrott (Silv«fc
Pluenix Consol
Copy) 10
25
25
25
Quincy
Rhode Island
3*4 Santa Fe(Gold&
17 78 Shannon
i’amarack
Cop) 10
lo
25
21*8 Trinity
62 h< United
;
16
25
25
25
25
loo
Copper
States
10*8 Unit
Coal*Oil 25
54*4 U S Smelt Ref.&Min. 60
95
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444
62sh
45
62 78
S4
24
9
41
62
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4
62 4
44 4
Do
..
*
75
Feb
a an
Dee
107
95
200
23
75
Apr
20
Mar2b
84
Mar 2 7
6 4 Mar 14
10
Mar27
26
95
Jan
Feb
Jan
Ueo
J’nt
J’n«
28*4 Deo
2u7 *4 Jan
233 Ha Mar
210
J an
53 Ha Oct
MarlO
Marl 5
65
Oct
64
Jan
Oct
Feb
99
95
Jan 106
139 H2 Alay 195
91
Ala) 99*4
170
Sep 178
92
Dee 101
lo7
Sep 1 lOHa
150
Feb 150*2
Sep
Jan
Apr
Jan
ADr
Feb
=
7
.
3 Hi Mar25
6 Hi Feb 20
45
Alai 26
79
Mar 2 6 12L ‘Jan 6
2,773 33 ^ Alai 1 5 53 Jan2:
59
Mar25 75
Feb it
6
Mari 4 i5*b Jan l(
4,260
10
*4 Apr 16
2
Jan
,
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Alar21
l^Jan 9
12
Hi Apr 15 22
1,636
Feb2.v
4,856
9*4 Apr 12 12 Hi ^Pf •2^095 14 hi Mar‘26 37 Jan 14
•5U
Apr 25 •80 Jan 17
6,935
8,822
Hi Alar26
2*>Hj Mar26
20
2,036 i48
JJ^Jau
3 918 J an
*
7
A1 ar 15 198
Feb 8
96 800
Apr 16 1000 Fobli
1,095 27 H, Apr 15 a 7
Feb j
Alar 2 6 •52
2,100 •36
Jail i;
10,053 72
Mar26 105 Jau 1*
1GU 14 4 Marl5 20 Hi 9
2/
60
Feb 6
70i^ Mar 2
l0J7sFeD 1 114 'Janli.
2 'MarlS
4 ‘a J an l*
16
507
Apr 15 2914 Mar i
70 128
Mar 26 LSI
Feb =
8,139 16 Hi Apr 15 17*8 Apr i
3*4 Apr 16
13*4 Mar26
14*4 Marl 4
5
April
425
350 •50
Apr 6
2,0 iO 11H* Mar2 ,
13
Mar 2 6
455
Alar *2 6
2,994 68
430
1*4 Jan 18
13 hi Mar27
800
7,967 72 Mai 26
1
55o
Marl4
6,402 36 Mar26
379 115
Mar26
200
19*4 Alai26
1
425
Jan 5
619 103
Mar20
1,197
ol4 Apr 12
910
3
Alar27
3,530 U*4 Alar20
67 100
Mar 26
2 9 4 Mar2i<
3,435
2.935
2110
800
147s
oJ
67
9
60
6 tj J an 1
30 4 Jan 1
30
Feb i-
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1*4 Jan 24
lo l4 J UU L
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96 u Jan 1
2Te Apr 2:
2o Hi Jan 1
12u
Jan ;
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63
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35
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f 3
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148
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7 Hi 9 an i-
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170
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42
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Mar 20 7 7 '4 Mar 7
MarlS
89
Apr 2'.
Hi AlariS
1314 Jau 2:
4 Ha Dec
31 Ha J’ly
92 Ha J’ly
6 Hi Oct
55 *4 I ico
118 ‘ Feb
8,,58 A tin i|45 Deo
57 Ha Ala\ 74
2 *8 J’ly
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2 *4 Dee
7e J’u<
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1*4 J’ly
10*4
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25
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J’ly
Mu>
49 *8 Feb
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20*8 Ala;
25
107
J’l\
J75
Ala'
42
Oct
Deo
Deo
40 *8 Deo
■70
Jan
86 Ha Jan
21 Hi Not
84
Feb
184
Joo
17 Hi J’ly
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Mar
61 Ha Oct
1 Ha
14
h;
131
<)ct
35*b Oct
J’D
J’ly
3 Ha Deo
Ma
Dec
26*4 Sep
140
Dee
...
15 Ha J’ly
....
.
29*8 Jau
...
6 ha J ’ly
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J’Ut
13
No'
10*4 J’ne
54 Ha Ala
12*8 Jan
1 Ha Jan
14*4 Deo
22 hi Deo
85
Dee
7 Ha Feb
23*b Oct
lr,8 Dee
11
Jau
74*4 Ala 117*2
2 H,
J’lj
33
J’ly
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93
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80
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IHjJ’l)
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J’n.
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J ’ll.
7*4
57*4 Ali.
88
9*4
Jan
sep
Oot
Deo
Jan
2*8 Deo
1.14
Jan
9 *« Deo
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13 78 Not
.22
Jan
52
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20 Ha Deo
78
Feb
11
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48
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90
40
Oct
Deo
151
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4.256
Alar14
70
Jan 2
51
Ala
pref
5o
4 9
2,146 41*8 MarH
Jan
43
Ala
62*4
624 Utah Consolidated
8
5
61
A1
14
4,014
ar
79
84
Jan 14
5 2 '4 J ’m
7*4
84
8 4
84
8*4 Victoria
*14
*
24
25 1,540
6
*14
MarlS
*14
24
5 v8 N 0
14
Last Sale 3U
1158 Feb27
Mar’07 Washington
84
84
25
J an
84
2
3
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9
3
-8 4
h:
Mar
*
•60
Jai
*8
H
8
Winona
165
155
169
160
25
260
7 hi Marl 4 14
100
160
Jau 25
4
160
160
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J’!\
160
160
160
Wolverine
*14
14
25
70 150
•14
14
14
Apr 15 198
Fc U1] 13 L
14
Ja1
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14
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14
14
14 Wyandot
25
200
1 '4 Mar27
3\ Jan 2: l •70
€ Before pay’t of aseeas’ts
J’ly
called in 1007.
*BidandaskoJ pr .ces; u j sales in ule on ilna
day. n No,v st Jit. f Asi’ip.uJ. t Ex-rigu>.s. a Ex-.uv. Jt
017b
J an
21
J’ly 34 j&n
90
Dec 102
Jan
143*Jan 8 10 D Dec 29 Alar
460
33
Jan 8
26
Au^ 46
Apr
Til 110*4 Mar26 137 >4 Feb 11 128
Alu\ 15678 Jan
113 120
.Mari’S 131*4 Jan 1* 130
Dec 141
Jan
2,731 L15 82Mar26 134 Hi Jan 2' 128 J’ly 144
7« Jan
16 25
Marl 5 36 Hi Jan 7
28
Nov
Jan
47*4
9 Ik: xJ314 Mar2o 102 Hi Jan b
100*4 Dec 110*4 Feb
3
65
Mar 28
Jan li,
4
4 Ha J’n«
3*4 Jan
240 107
Mar 2 2 115
Jan lo 115
J’ly 118*4 Mar
16 *4 Mar26 25
Feb 19
21*4 No* 34
Apr
7 ' Alar <
75
9*4 Jail >
10
o58 Jan
Aug
373 200
April 230 J an
1inO
L) cc 250
Jan
115 139*8 Alar26 162
Jan 2-. L67
Dec 184
Oct
8,183 64 *4 Mar20 66*8 Jan 1
44
Mttj 64*4 J’na
3,lU4 80 Mar26 86 Hi Apr 2o
84 Hi Dec
90
Sep
104 199
Jan 2 215
Alar ) 190
Mai 210
Deo
2 x4 Apr i 0
tit*
3
Jan
4*4 Jan) 9
5*4 Sep
5 50
Feb 14
Apr 26 So
27
Alai
60
Not
83 x=7
Jau3o 90
Jail 12
80
Ma:
90 >4 Not
296 U4
Mar 2 7 126
Jan ri 126
Dec 141 =a Apr
264 156
MarlS 182
Jan 7 180
Dec 268 Hi X ov
65 X9*4 Apr 6 11
Jan Lo
11
9H2 Jau
Deo
343 xi04 MarI5 113
J uu 1 fr 101*4 J’ne 120
Sep
100 21
Apr 22 22 Hi J^u 12
22 ‘4 Det
23
Feb
25
Apr 16 26 Hi Feb 12
26
27 Ha Not
J’ly
200
2*8 Apr Lo
2
J’ne
07e Jan 24
5 H, Deo
1,848 l0o*4 Marll 113 Apr25 103*4 Ala) 113*4
1,723 57 MarlS 69 Jan 2 xdOHi Dec 80*8 May
Feb
309
20^ Mar2b 29
Jan 4
28 la Doc
32\ J’ly
6,60.
31*4 Mar25 60*bJan 7
32*4 J’ly 50 *8 Oct
1,U29 921* Mar2a Lo7*4Jan 7
99
J’llr 113*8 Feb
6
Mar 26
9
Jan 12
8
Non
lu 70
Mar 21 82
Jan 17
79
No\
98 ha Jan
6 71 4 Apr 2c
7s Hi Jan lb
86
73*4 Oct
Feb
80
Feb 28 -80 " Feb2r
75
N<n
98
Jan
2,125
l,70o
Mexico Cous M & S
63
Mur 12
Mar
.
1,273
*4 Mayflower
Ant 160
Jan
Dec 246 Ha Apt
Dec 180 Ha Apt
!l64 Oct 175*2 Maj
1199*2 Dec 314 **i Api
13
No\
27*8 Feb
J an 3
Feb25
Feb 10
Jan 1;,
Jan 2
45
Jan 24
94
Jan 21
Apr 6 103 Jan 7
Mar 20 182H2Jan 7
347b Ayr 4 93
Jan 16
105
Alar 7 170
Jan 30
1,310 b7
Jan 25
Apr 22 95
112 105
Apr 2 3 110 Alar 4
147
Jan 15 147
Jan 15
90
9)
95
1,895 124
25
25
25
10
25
25
1<
17 4 La Sade Copper
7
Mass Consol
80*4 J’ly HOHaSep
Dec 105*8 Jait
Dec 257*4 Fttti
r97 7p
,7 239
2 1147
7 (230
20 iloO
197 hi Feb 16 198
J an 11 L97
Ala;
t
14 81 Mar 2 2 20 Hi Jan
17
Jan
370 55
Mar_0 71H. Jan 9
59 Hi J an
19*4 Mar 9 i 26*4 dan 2
21*18 Aug
2,929 173 31ar29 190 Hi Jan 2 190 J’ly
159
Jan 22 |l60
Jan 8
1 222
Feb 2 1228
Apr 23 1226
J’ly
52 L94 ^2 Apr 4 200 '4 Jan 1 iL98
Dec
52
Jan 16 52
Jan 16 1 53
Sep
56
Jan 23 57
Jan L8 j 50
Jan
18*4 Isle Royale(Copper). 26
L 4,
54*8
22*4
17*4
*105
:,_T
Atlantic
S
m
•
2
121
121
5 *4
5 4
25
26
2:»
25
18*4 Biugliam Con Miriife
-------
15
139
22*8
1*4
10
•
*
53*4
"* 13 4
sh Red
26
130
17
6 4
*4
12 4
25
Apr
34 Adventure Con
26
490
514 tllnuez
25
100
94*4 Amalgamated CopperlOO 39.31 =
1
13 4
10
18 4
20
10(i
25
A..
pref
3
Union Cop L’d & Mg. 26
112 78 United Fruit
100
64 78 UuShoe Mach
Corp. 26
Do
27*4
prer
25
37*s U S Steel Corp
loo
Do
pref
1014
loo
7
75
Do
pref
..100
*%i
165 4 165 %
850
850
100
forrington Class
7;*»
13 4
10
uref
Feb’07
*3
*50
93
38
51 0
*4
4
100
N E Telephone
100
Pullman Co
100
Reece
But ton-Hole.. 10
9*4
Apr’07
7
75
c
38
•
pref
Mergenthaier Lino..100
Mexican Telephone., lo
X E Cotton Yarn
100
50
27*4
374
101:4
3*4
7
Do
804
50
63
•3 7*8 37 4
101 4101%.
7
7
*70
75
3 4
51 4
Mass’chusettsGasCoslOO
212
1114
63 4
2 7 <8
L
03 *4
120
169
/. a s t Sate 25
*2 hi
3
*2
t ^ a
Do
pref
100
Amer Teiep &
Teiog.100
Amer Woolen
100
Do
pref
100
3*8 Boston Land
10
107 4 Cumberl
Teiep & Tel 100
Dominion Iron dr. St
7*4 East Boston Laud
ol4
Edison Elec Ilium...100
General Electric
117
lOo
Do
106
106
-20 4
cl a
125%. AmerSugar Retin....100
126
125
30
05
\
18 ;4
19 4
17 4
7
63 4
*9u
*
17 4 17 4
16 4 17 4
*130
135
*130
135
16 4 17
1658 10a4
19
17
•6
*•60
12
62
3*b
213
147
212
*24
0
55
*
7 7g
1
-*,
95
*
14=*4 1484
53
^
30
96
3 4
•
107 4
Last Sale
*7-«
8
213
215
3 4
3\
97 4
39
*
104
19
28 4
184
17
04
4
43*4
014*
7*4
7«-
26*8
184
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63 4
n
-90
14
274
17
•100
38
6 4
29 4
164
6
•3
17 4
13
10
18 4
38
28 4
164
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♦
96
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164
634
4
78
974
264
17
130
164
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4
6
3*8
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264
160
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*
1
-90
134
174
37 4
64
3*b
27*b
840
30
‘38
•
•
3*8
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95*4
125
96
9*4
♦7
*70
70
17
125
124 4
124 4
124 4 125
*29 4 30
169
4
Amer Agricul Cliem.iOO
Do
pref
.100
84 Amer Pueu Serv
50
is
Do
pref
50
84
1254
*210
106
*20 4
•25
25 4
♦2 4
3
112 4112*4
•
63
64
27 4 28
374 08
101
101
3
64
17‘4
024
80
215
84
17 4
125
125
Ld
33*
100
.
106
25 4
70
714
87
120
168
9*4
4
4
*
112*8 112*4
76
714
3
168
37 *b
101
101
7
7
75
215
65
88
120
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7
4
85 4
2*4
27*4
•70
62
106
21
*2
112 4
61
274
37»s 38*«
101
1014
264 37 4
Electric
M^r’UT .■Seattle
88
8 4
174
*
7 5a
8
210
211
149
149 4
85*4
9*4
106
21
25 4
112
64
174
83
125 4 12 5 4
126
126
123 4 124*4
*294 30
9514 96
*3 4
3 4
107
107
215
*2*4
88
120
111*4 112
024 64
loo
85*4
215
*
88
8 4
8
*7 4
84
210
211
150
150
62
62 4
85 4 85 4
*210
215
2 4
2 *4
*
66
1674 168
9:4
9*4
1054 106
27 4
84
215
1484H84
617g 62 4
•212
215
*2 4
•
55
*
88
•119
pref...
Alar’O, Mexican Central
X Y N il & llart....100
130
Northern X 11
100
Norwich & Wor preMOO
pi;.
Old Colony
*
100
.I:ni’lt7 Poie
Marquette
100
Do
Jan’07
pref
..10*
Rutland pref
10*
7
8
Feb
Jan
Jan
■
loo
10<
10*
lOo
100
-95
9/
*95
Do
96
pref
loo
14 1 78 14 3 '-4 i 143*
143*j Union Pacific
lOo
L a s t «> a l e!<5? 4
Do
Apr ’07
pref
loo
Last s a l <•
Vermont tic Mass....100
83
89 4
88
West End St
*9
50
105
105
105
do
105^
pref
50
Last Sale 117
Jan’o?
143*4
S0*4
88
18
125
125
123
123*4
•29 4 30
95 4 96 4
-3 4
3 4
107 4 107 4
123
123 4
*29 4 30
3 4
108
88
84
18
125
125 4
8
18
125
*74
97
100
Jliticellnneo us
974
*24
88 4 89 4
105
1U5 4
88
18
125
123 4
30
*21
•26
88 4
105
68
1257e 126
•107
97
14 2 4
*a5 4
88
123
96*4
*34
97
142 4
87 4
100
100
...
Sn.Lp'iUU
Last
pref
Do
54 >•
179 4
r.t.>
195
! 19.5
Last Sn. L ai.'i'J
40
90
97
141
*86
87
106
7*4
40
*
Do
Maine Central
Mass Electric Cos
16 4
50
4«>
90
*
is
.
1
i
*
*
17 7 4 ISO1
Last Sale
!
195
132
112
.ianla 240
Mar27 i52
April 231
Mar 14 165
Apr 15 165
April 301
Mar 1
15
Feb 13
05
Highest
Marl;, 28*4
25
Jan
39 Ha Apr
Apr 22 80
Jan 23
72 Hz Jan
90
Apr
I60
Apr lb
Jan 17 156
Oct 182
Jan
Apr b 120 Jan 2 117 Hi J’ly 127
Jan
Lb414 Apr25 183
Feb 13
.87*4 No\ 190
Mat
156
Mar 1 i
56
Alar 11 153 * OCI 163
Apr
10 260
Mar2b ^80
Jan 8 2.85
Oct 298
Apr
179 128
Ayr 5 135 Jan i 132
Oct 145
Jan
10o
Connecticut River...loo
Fitchburg pret
100
Ga Ry
Elec tric
loo
Mar’07
59
50
59
Last so l( 19 6
i
9
131
*110
Last Salt :.SS’
L Oj s t Sale
Lowest
83*8 Marl4 107 Hi Jan
225
555 140
..
Year(1906)
Highest
9278 Mar2t 10l*a Jan
id:
.
Range for Hretioue
1907
or
STOCK
EXCHANGE
April 26
Weekly and Yearly
.
14*8 Alar
66
Jan
47 78 sep
69*4 J an
9 *4 Mar
2 Ha Dee
13 Ha Oct
.90
Deo
2*« Deo
rights
apr. 27
Boston Bond Record.
1907.]
BOKDS
Week's
Price
BOSTON STOCK EXCE’ftI
Friday
wnx KsiDure April 26
April 26
km Bed Telephone 4»
1908 J-J
taa Taiap A Tel coil tr is.liSt J-J
An Writ Paper let s f 6s g 1919 J-J
kteh A Nebraska let 7a.. 1908 M-S
AtehToo A S Fegeng 4s..1995 A-O
Adjustment g 4s.. “ J’ly 1996 Not
Boston Elect Light 1st 6s. 1908 M-S
1924 M-S
Consol 5a
Boston A Lowell 4s
1907 J-I)
4s
1916 J-J
Boston A Maine4Hj-s
1941 J-J
Boston Terminal 1st 3*2js.l947 F-A
Bur A Mo Riv ex 6s
1918 J-J
Non-exempt 6s
1918 J-J
Sinking fund 4s
1910 J-J
Butte A iloston 1st 6s....1917 A-O
Cedar Rap A Mo li 1st 7s. 1916
2d 7s
1909
Cent Vermt 1st g4s..Mayl920
C B A Q Iowa I)iv 1st 5s. 1919
Iowa tuv 1st 4s
1919
Debenture os
1913
Denver Exten 4s
1922
Nebraska Exten 4s
1927
B A S W s f 4s
1921
Illinois Div 3 *2S
1949
Joint bonds See Gt Northern
Chic Jo Ry A Stk Yds 5s .1915
M-N
Coll trust refunding g 4sl940
Oh Mil A St P Dub D 6s.. 1920
Ch M A St P Wis V div 6sl920
Chic A No Mich 1st gu 5s. 1931
Chic A W Mich gen 5s....1921
Concord A Mont cons 4s.. 1920
Conn A Pass It 1st g 4s... 1943
Current River 1st 5s
1927
Det Gr Rap A W 1st 4s... 1946
Dominion Coal 1st s f 5s.. 1940
A-O
'
104
Mar’06
U82
6
98^
98H
907g Apr’07
U82
98LU01H
90\ 92 ~
loi " Sep ’06
114
Mar’bO
112 LJan’03
106 *4
106 N
102
Sep’05
106
97
lc
J’ne'Ol
i°3l4 Nov’06
111 J8 J’ly ’05
J-D
84
Q-F
8
93
V>f,
84
4
99
98
98*2
100 Mi 100 H
0
j
ps*.
1027s J’ne’06
102
95
J-J
J-J
97 H
102
M-N
J-D
11)1
101
95
122
120
100
101
Feb Ml
Apr ,06
FeU’05
Feb'o"
iUl
Mar ’07
101
993,
New England eons g 5s...
Boston Term 1st 4s
Old Colony gold 4s
9U*a
91 H.
orog
j
J.
..l.i
Last
99
99
98
1 16*2
95
101
A-O
J-J
J’ly
J- J
J-J
97
LOO
102 w94 Hi 95
1
£ i
i
100
loan loj
99
99
,
-
.
-1
89
100
9o
100
98
98
West End Street
Gold 4 ’^s
*.
*i
1 34XovM.O
94 V
92 Hi
i
94 Hi 10-41
Apr ’0.
F-A
J-J
J-J
J-J
Mar’b7
92
"
Apr’(>7
100
92
101
84
85
H
1
.
.
-j
97*4
96
9 2 Hi
Wisconsin
Valley 1st 7s.. 1909
]
J
!
<3>
4
*i
9
96*2 100
99*2 99*«
99H>
100 *« 100*«
100*
Mar’oT
^
Jau’07
107 Hi Nov’05
102
Mai’02
103
103
103
103
101 *2
it>5
98
*2 May’06
lbia.
97
97
i*04
101;*4
i!
97
l
1T‘J984
96
102
>511*5
98
IU0
92 4
....
J
10 7
112 *4
94
T99H
100 Hi 100*a
102
103
J-j
1;997fi
100 Hi Jan ’07
102
102
100
97
100\N102
I00n8 Feb’07
H50 S Apr ’06
112a4
1 12 34
112*4 113
Gold 4s
1917 F-A
Western Teleph A- Tel 5s. 1932 J-J
Wisconsin Cent 1st geu 4sl949 J-J
-Vi.r’Orii
1.111
98*4
101 Hi Sep ’00
Uitt7e Jan ’05
1121 ;<si Mar’OO
J-l)
1915 F-A
11H4;M- S
Ry -Is
100*4
120
100
-
J
High
98
98
99*2 Jan ’07
Savannah Elec 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s
1930 F-A
rerre Haute Elec g 5s
1929 J -J
19l8;M-S
rorringtou 1st g 5s
Union Pac RR AT gr g 4s. 19-17UI J
1st lieu cuiiv 4s
1911 M-N
U mleit Fruit ennv gen 5s. 1911 M-S
U -S steel Cor)> 10-6t>yr 5s. 1963 M-N
ibO
Low
10 114
102 Hi Aug’04
97
97
98
1
.
100*4 Sep '06
113^, Nov’06
101 *4 Sep ’05
118
Maj ’04
84*1, Feb’07
26 *2 Oct ’06
1734 Aug’Oo
J’ly
F-A
A-O
A-O
98
\
Since
102H» Not *06
116Hi
117
94 Hi Dee ’04
92
100
83
81
'
Range
January 1
High A o
1007* Oct ’06
V
99Hj
99 H
122 *4 Nov’06
100
A-O
J-D
M-N
M-S
M-S
A-O
J-J
A-O
A-O
or
Sale
Ask Low
1945 J-J
1939 A-O
1924 F-A
Ry A Nav con g 4s.. 1946
Oreg Sli Line 1st g 6s
1922
Repub Valley 1st s f 6s... 1919
Rutland 1st con geu 4*28.1911
Rutland-Canadian 1st 4sl949
i
.
99
112 *4 .1 ii n ’03
104. * Nov MO
89
Mar’oT
loo
.Jan ’o,
98
Apr’u:
103
Apr’05
94 Si sale
98
"
98N Dec’Ot j
90*4
90!4
90 L Sale
101
90
J-J
A-O
A-O
I?
*
Range
Friday
April 26
Bid
1910
Illinois Steel debaa 6s
Non-coavert deben 5s...1913
la Falls ASioux Cist 7s..1917
Kan C Clin A Spr 1st 5s... 1925
Kan C Ft S A Gulf let 7s.. 1908
Kan C Ft Scott A M 6s....1928
Kan CM A B gen 4s
1934
Assented income 5s
1934
Kan CAM Ry A Br 1st 5sl929
Kan C St Jo A C B 1st 7s. .1907
Maine Cent cons 1st 7s...1912
Cons 1st 4s
1912
Maro Hough A Ont 1st 6s. 1925
Mexican Central eons 4s.. 1911
1st cons me 3s
Jan 1939
2d eons inc 3s
Jan 1939
.Mich Teleplst 5s
1917
Minne Geu Elec con g 5s 1929
New Eng Cot Yarn 5s
1929
New Eng Telepli 6s
1907
1908
6s
1
•S'?:
Week's
Price
mvt Period
BOSTON STOCK KXCH’GE
Wkkk ending April 26
A-O
106 ^
J-J
83
109
May’05
100 H Feb HE
4-0
A-O
M-N
F-A
M-N
M-S
J-J
106*4 107 V
99:,y Oct ’()(>
100
IfTistumped 1st. 6s
1933 A-O
C--S Nor C B A Q coll tr 4s 1921 J-J
Registered 4s
1921 Q-J
pays
98
110
Feb’04
104 *2 Apr'00
4s
.4s
i907
Freint Elk A Mo V 1 st 6s.. 1933 A-O
Noth—Buyer
Av Lie High
30
96*4 OSH
24
82 ■‘b »0Vt
lliyit
T182
93
J-D
A-O
A-O
A-O
M-N
M
N
1908
1916 M-S
Fitchburg 5s
January 1
84H
Apr’07
flSPJU Sale
91
Since
or
Last Sale
Ask Iaw
Bid
97
Sale
W8
85H Sale
83H
BONDS
Range
Range
9"9
,
.
3
100*2 100*2
91 *2 99 ~
lot1 Hi Jan ’o i
92 G
92 *v
1|94 *2 Sep '05
109^ Aug’05
J-J
/
accrued interest in addition to the purchase price lor all Boston Bonds.
"No price Friday; latest bid and asked.
Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Share Price*—Not Per Centum Prices
1007
ot
Saturday
Monday
April 20
April 24
Tuestiav
Apri l 23
Wednesday
1'hursday
Friday
April 24
April 25
April 26
*30
*80
90
*
90 4
90
19
90*3
90H
*
91*3
91
19
91
91
19
*16
♦
4
*127a
13*4
•
1234
13
13
*
13
13 *s
1‘234
*1234
13*4
*13*«
•49*2
38*2
(For Bonds and Inactive
Stocks see belowJ
Baltimore
Con. Gas El. L. A Pow. 100
Do
pret
10b
50
91*2 Northern Central
19
Seaboard (new)
100
37
Do
2d pref
100
13;*b United Ry & Electric.. 50
Range lor Previous$
Year(1906)
Range for Year
Sales
ttu
Week
Shares
ACTIVE STOCKS
Lowest
33H Jan 15
Hj Apr 1
33
81
80
385
86
Mar 14
19 *3 Feb 25
35
MarlO
10 *2 Mari2
20 b
35
85
97
Jan 9
Jan 10
Jau26
23*4 Jau
7
Jan
7
48
14
Highest
Lowest
Highest
Apr 10
41
90
35*2 Dec
J’na
J’na
80
Oct
97
22
J’ly 111*4 Deo
48
13
62Hi Jan
Dec
Dec
Dec
32
19
Jan
Jan
Sep
Jan
54
Jan
1
*4934
•37
10
•5
50
38
10
86
63 7g
20
12 H
86
64
l*s
62*4
1*4
62*4
*12
•44
45
8*2 bWie
18
18 *»
5213i« 53*18
*42
43
69
91
42 s
43
59
91
38
38*4
10
10
50
38
10 H
60
38
10
"5
49H
4934
4934
4934
38
38*4
10 ‘t?
38
38*v
10 *B
10
*5
24
•12
12*3
1134
88
65
89 Hi
65 7b
88Hi
65*2
1^
02*8 636ie
63*18 63sb
44 *a
8a4 8*318
’.8
18**
*44 l4
63
*44*4
*1*2
86
64*a
12 Hi
88
65 H;
44 *2
587s
91Hi
45
19*4
5413105a1318
53°b
*43
*42
834
18*4
•42
*41
43
43
43
4 1 *2
5S7a
917e
58 V
9234
10*8
•5
25
12
89
66
1H
633«
45
10*4
87Hi
65 *4
1*4
62 7»
•44*4
*4‘J
*41
59:V
5934
92 H.
92
43
41*3
88
88*3
65H
1*2
63*s
65 Hj
6534 Lehigh Valley
*1*4
63H
63:V Pennsylvania RR
10
5
.
25
•
10 *2
11*2
45
43
43
5934
92
41*2
5934
92 \
Ask
Bid
Inactive Slocks
Bonds
American Cement
42
50
lou
Amer Gas of N J
Bell Telephone
5b
Cambria Iron
5b
Central Coal A Coke. 100
ConsolTracot NJ...100
Diamond State Steel..lb
Preferred
lb
Easton Con Electric 6.5b
Elec Storage Butt....10b
9.'34
51 Hi
61
34
Bid
PHIIiADELPIllA
Allegheny Val pref....5(:
A1 Val E ext
7s 1910 A-0
Alt ALVElec 4 H.8’33.F-A
107
AmUysoouvos 1911.J-D
All City 1st 5s g T9.M-N
101
”73*4
BergAEBrw 1st Os’21 J-J
103
"53' ”56"
Bet hie Steel 6s 1998. Vi-F
Choc & Mo 1st 5s 1949 J-J
Ch Uk A G gen 58 T9 J -J
Col St Ry 1st con os 1932
ConTracofNJ 1st os.’33
E A A 1st M 6s 1920 M-N
105*2
10b
100
Elec A Peo Tr stk tr ctfs
94H,
Indianapolis St
100
50
*
2* 1
*2
”2‘i”
5b
KeystoneWatchCase.lbb
Lit Brothers
lb
Little Sehuyikili
5b
Minehill A Scliuyi H..6D
N Haven Iron A Steel.5
Northern Central
5o
North Pennsylvania..5b
Pennsylvania Salt
6b
Pennsylvania Steel.. 10<>
Prelerred
10b
Phila Co (Pitts) pref... 5b
Phil German A Norris.5b
Phila Traction
5b
Railways General
15 7b
6Uj4
2*2
90
......
45
Union Tr of Ind
10b
United N J RR A C.. 10b
Unit Trac Pitts pref..6b
Warwick Iron A steel, lb
West Jersey A SeaSh.5b
Westmoreland CoaL...5u
Wilkes Gas A Elec..10b
45*2
34
lb
lb
Tonopali Mining of Nevl
•Bid and asked
100*2
'*937t "9 4 Hi
lb
Susquen Iron A Steel..5
Tidewater Steel
Preferred
Welsbach Co
Ask
Eq II Gas-L 1st g 5s 192s
Top con os ’25 A-O
Indianapolis Ry 4s. 1933
17 Hj
177e
63*4
Lehigh Nav 4*as ’14.Q-J
102*4
..
RRs 4s g
1914.(J-F
Gen M 4 4s g.l924.Q-F
Leh V C 1st os g ’33..J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-l>
Annuity 6s
J-D
Gen eons 4s 2003.M-N
Leh V Trau con 4s ’33J-I)
New Con Gas 5s 1948 J-D
Newark Pass con os 1930
N Y Ph A No 1st 4s ’39 J-J
Income 4s 1939..-M-N
NoOliioTrac con5s’19.J-J
Penn gen 6s r 1910.. Var
Consol 5s r 1919... Var
Penn cfc Md Steel con 6s.
Pa A NY Can 6s ’39.A O
A-O
Con 4s 1939
Penn Steel 1st os T7 M-N
People’s Tr tr certs 4s ’43
248"
8
F-A
Interstate 4s 1943
8*b
64H
P Co IstA col tr os’49 M-S
ConA coltr 5s 1951 M-N
Phil Elec gold trust ctfs.
Trust certiis 4s
P A E gen M 5 g ’20. A-O
GeuM 4s g 1920.. A AO
prices; no sales on this day.
H Kx-riglit*.
48’aApr
1
32H Mar 14
S7b Mar21
194
690
675
20
60
2,650
5,872
78
67
100
4bu
5
101*4
i "19**2
95
110
63 Hi
110*2
10734
iso”
98
66*v
i07H
A8k
111*2
106H, 108
101H
111
100
71*2
85
175
104
248
87
-
105
......
101*2
98 c
Exchange 3 *gs 1930 J-J
106
b, 10 2 V.
99 H 100
102
70
120
70'-,
121 Hi
« $7.50 paid,
Balt A P 1st 6s m 1T1 A-O
Balt Trac 1st 5s..’29 M-N
NoBaltDiv5s 1942 J-D
Cent’l Rycon5sl932 M-N
Ext A imp ys.1932 M S
Clias City Ry 1 st 5s ’23 J-J
t* 15 paad. * $10 paid,
Jan
83
I716ia Jan
51
65
101
32
Bid
Chas Ry G A El 5s ’99 M-S
Chari C A A ext 6s. ’09 J -J
2d 7s
1910 A-O
92
Jan
Aug
Feb
Mar
A*h
-••••«
10.8*2 109
*.
101
102
u2
;
1 l l
114
104V 10434
1U9H.- 110
Georgia P 1st 6s...’22 J-J
GaSo A Fla 1st 5s 1945J -J
72*2 G-B-S Brew 3-4s 1951M-S
101 Hi
2d income 5s 1951 .M-N
Knox v Trac 1st 5s ’28A-0
114
LakeR El 1st gu5s’42M-S
Memphis St 1st 5s’45 J-J
Metsi(Wash)lst5s’25F A
110
107
110
85
111
05
88 *2
......
105
265
92
13
-_r
31*2
3b S
27S
35
92
97
80
74
5
534
lbl
10 i s
94
95 Hi
105
108
83
85
86
84
102 *2 103 *•
lid
111
101 *2 102
116
ill
107
107
93ib octj
234*4 Jan
108
108
118
109
54
24
105
L 15
Bonds
Anacostia A Pot 5s
Atl A Ch 1st 7... 1907 J-J
Atlan C L KK4sl952M-S
Atl Coast L(Ct)ctfs 5s J -D
Ctfs of indebt 4s
J-J
5-20 yr 4s 1925
J-J
Balt C Pass 1 st 5s T1 M-N
Balt Fundg 58.1916 M-N
3*&ie Jan
,3**16 Jan
a64*2 Mar
BALTIMORE
Col AGrnv 1st 6s.l916J-J
Consol Gas 6s... 1910 J-D
5s
1939 J-D
Ga A Ala 1st con 5s ’45 J-J
G a Car AN 1 st 5s g ’29 J -J
83
8434
14
Jan
48
Jan
Nov 23 *4 Jan
Jan
Dec 118
May 86 J’n*
98
9634
109
Nov
Dec
City A Sub 1st 5s..’22 J-D
City A Sub( Was)lst5s’48
Coal A 1 Ry 1st 5s ’20F-A
"99S
39*4 Nov
127e Nov
Maj
120
101
.....
119
BALTIMORE
Inactive Stocks
Ala Cons Coal A lion. 100
Pret
100
Atlanta A Cliarlotte.. 100
Atlan Coast Line RR.100
Atlan CoastL (Conn)lOO
Canton Co
100
Cons Cot Duck Corp...5o
Preferred
50
Georgia Sou A Fla. ..100
1st pret
100
2d pret
loo
G-B-S Brewing
100
Marl4
Mar 14
Jan 2 50J4
51
47 H Jan 24 3034
11
11 *8 J an 14
6
Jau25
8
31
Jan 25
36
10
Jau 8
14*2
103
Jau 7 100
787*Jan 6 65
1
2*2Jan 7
*716Oct
Apr 6
68*2 Mar25 70*ii8 Jan 8 61^ J’ly
47
42 *2 Apr 2 48*4 Jau 4
Apr
6 *e Dec
7 H, Marl 4
9
Apr 4
15 *t Mar27 24
Jail 22 cl 9*4 Dec
4534 Mar26 69**6 Jau 7 56*4 Ma\
43 °8 Api
43
Marl 9 45 **8 Jau 14
44 7a Ma.'
Jan 14
42
Marl 5 47
63
Mar 14
60*8 Jan 22 *58*8 Det
80*i Marl4 96 *8 Jan 5 IjSl Hi Ma>
Dec
Feb li- 25
25*8 Febl 1 30
Bid
Ph A Read 2d 5s ’33. A-O
Con M 7s 1911
J-D
Con M 6s g 1911....J-D
Ex Imp M 4s g ’47. A-O
Terminal 5s gl941.Q-F
PWdjBooltr 4s ’21. J-J
Portland Ry 1st 6s 1930.
lioeh liyA Leon 6s ’54J-J
U Trac Ind gen 5s’19.J-J
Un liys Tr ctfs 4s’49JAJ
United Rys Invlstcolitr
s f os 1926
M-N
U Trac Pit gen 5s ’97 J-J
Welsbach s f 5s 1930.J-D
Wiks-B GAE con5s’53J-J
Apr 9
Marl 5
8*« Mar25
100
PHILADELPHIA
II A B
Keystone Telephone ..5b
Preferred
30
104*2
Preferred
Ft Wayne AW V
Germantown Pass
Indiana Union Tr
100
Insurance Co of N A.. 10
Inter Sin Pow A Cheiu.50
1H. Marsden Co
Balls Ter 1st 5s 1920. J-D
4734
43
8,614
3,110
50 1,577
90
45
Plnladelp’aCo(Pittsb). 50
a1Bn. Philadelphia Electrict. 25 8,670
Phila Rapid Transitc.. 50 68,635
21°g 23
65 *4 56
Beading
50 72,477
*
4 1 :,4
12
1st pref
42
Do
50
7
•41
Do
2d pief
41*2
5U
59 7s 60
Union Tracton
50
3,010
United Gas Impt
94
50 16,105
*20
*27H>
PHILADELPHIA
40
•44 s*
8H
21*-^
5534
*41
59 a92 Hi
Philadelphia
Railways.... 50
American
Cambria Steel
50
10 *8 Electric Co of America 10
5
Gen Asphalt tr ctls ....100
25
Do " pref tr ctfs
100
11
Lake Superior Corp.,..10u
89 «8 Lehigh C A Nav tr ctfs. 5U
•20*2
547e
S;,8
8°8 813ie
193b 21 ‘r
55*,ii 563b
50
112*"
115
100
i $20 paid,
Mt Ver Got Duck 1st 5s.
Npt NAO P 1st 5s’38 M-N
General 5s—1911 M-S
Norfolk St 1st 5a’44..J-J
Nortli Cent 4 His 1925 A-O
Series A 5s 1926
J-J
Series B 5s 1926
J-J
Pitt Uu Trac 5s 1997.J-J
Poto Val 1st 5s 1941..J-J
Sav FlaAWest5s’34 A-O
Seaboard A L4s 1950 A-O
Scab A Roan 5s 1926. J -J
South Bound 1st 5s..A-O
U El LAP 1st 4 Ts’29 M-N
Uu Ry A El 1st 4-S ’49 M-S
I ucome 48 1949
T-D
Funding 5s 1936...J-D
Virginia Midland—
2u series 6s 1911...M-S
3d series 6s 1916..M-S
4th ser 3-4-5s 1921.M-S
5tli series 5s 1926.M-S
Va (State) 3s new ’32.J-J
Fund debt 2-3s 1991.J-J
West N C con 6a 1914 J-J :
Wes Va CA P 1st 6g’ 11 J -J I
Wil A Weld 5s..1935.J-J !
a Receipts,
b f 25 paid.
107
107
108
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104
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95
90
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106
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^
990
THE CHRONICLE.
and
RAILROAD
The
following table shows the
[VOL.
LXXXIV.
^ailrcrad intelligence.
GROSS
EARNINGS.
earnings of every STEAM railroad from which regular weekly or monthly
return*
figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and
including such latest week or month. We add a supplementary
■tatement to show the fiscal year totals of those road3 whose
fiscal year does not begin with July, but covers some
other
period. The returns of the street railways are brought together separately on a
subsequent page.
can
be obtained.
gross
The first two columns of
Latest Gross Earnings.
HOADS.
Week
Current
Year.
or
Month.
July 1 to Latest Date
Previous
Year.
Current
Year.
Latest Gross Earnings.
Previous
Year.
ROADS.
N Y C & Hud River
Lake Shore & M S
Lake Erie & West
Chic Ind & Sou..
....
_
..
_
57,6 ,7.477
2,052,890 1,572,832
40.1 94
43,807.
.
Bangor & Aroostook February
243,4581 205,631 i
Bellefonte Central.. March
5,197 j
4,892;
j
Bridgeton & Saco R February
3,008'
2,937'
31,781
32,284
Buff Roch & Pitts.. 3d wk Apr
172,442'
69,180' 6,64 5,612 6,861 ,760
Buffalo & Susq
February
131,629; 140,204 1,191 .517 1 ,057,116
Canadian Northern. 3d wk Apr
126,200.
122,300: 5,440,700! 4,167,500
Canadian Pattfflc
3d Wk Apri,367,000 1,271,000 56,351
,20G;48,964.118
Centred of Georgia. 2d
wApr | 214,900. 210,4001 9,83 (.610 9,233.354
Central of N Jersey. March
2,075,931 2,101,100 19.449.565; 18,814,376
Chattan Southern.. 2d wlc Apr
4,053!
2,32S;
129,079
107,345
Chesapeake & Ohio. February
1,931,139 1,967,689 16,514,824 16,057.659
Chesterfield & Lane;February
5,190
3,723
32,630
24,794
Chicago & Alton Ry,February
I
1,004,418, 867,479 8,752,110,
1
8,084,937
Chic Great Westemi3d wk Apr
154,711) 143,911 7,641,430 7,133,572
Chic Ind & Loulsv_|2d wk Apr
115,921!
109,945 4,073,217 4,628,685
..Chic Ind & Southern!—See New York
Cenjtral.
I
ChicMIlw 6c St Paul)February
4,331,720 4,045,356 40,711,382 37,427,598
Chic & North West. March
5,706,104 5,067,306'51,713,096|47,437,854
Chic St Paul M & O.I March
• 1,151,115 1,012,176 10,698,509 9,948,046
Chic Term Tran RR 3d wk Apr
35,325(
31,814 1,370,001
1,394,266
Cin NO & Texas Pac
Sec Southern
Rad.way
Cincinnati Northern —See New
tral
Cen
(York
Clev Cln Chic & St L —$ee New York Cen tral.
Colorado Midland.. February
_| 186,338 164,827 1,685.231 1 461,055
h Col & South Sys._ 2d wk
Apri 243,254 210,134 10,574,599 9,257,680
Col Newb & Laur.
February'
28,384:
25,832|
210,689
195,768
Copper Range
January ..j
60,467I
56,9681
456,562'
399,541
Cornwall
February J
16,886
18,062;
143,582(
136,164
Cornwall 6c Lebanon February
38,015.
35,378:
320,377'
304 539
Denv 6c Rio Grande>3d wk Apr.
390.501)1
355,800 16,876,921 15,679,092
Detroit & Mackinac; 2d wk Apri
27,303
23,556 1,008,6991 " 888,471
Det Tol & Iront Sys 2d wk
Apr!
77.1951
65,124' 3,347,840; 3,304,827
Dul So Shore 6c Atl. 3d wk Apr
61 ,833
57,051) 2,580,145 2,438,903
Erie
February .‘3.750,645,3,635.419 34,901,848 33,696,843
Evansville &
_
.
.
.
_
O
.
,
o
—
,
,
.
.
_
_
Ter H
—See Rock
Island S vstem.
i
Fairchild &N E... March
1,648
1,456
13,731
17,950
Fonda Johnst&Glov February'
47,939
46,324
520,119,
484,496
Georgia RR
February
250,686
233,195 2,063,980
1,909,432
Georgia Soutli & Fla —See Sout'hern Kalb wav.
Grand Trunk Syst._ 3d wk
Apr; 868,876) 766,938 34,784,454|31,782,564
Gr Trunk West.. 1st wk Apr!
113,516!
93,933 4,635,520) 4,238,170
Det Gr H & Mil.. 1st wk
Apr!
27,739!
27,374 1,414,000 1,237,815
Canada Atlantic. 1st wk Apri
33,179
32,143 1,523,325) 1,488,306
Great Northern
!March
14,194,207,3,846,685 38,163,318 36.977,852
Montana Central.'March
i
245,948
219,785 2,055,482! 2.054,023
Total system
I March
! 4.440,155! 4.066,470 4
0,218.800; 3 9,031,875
Gulf & Ship Island_!2d w’k
Apr
56,984;
41,915 1,953,602! 1,655,365
Hocking Valley
February J 498,594‘ 533,510 4,524,772 4,493,083
Illinois Central
!March
4,981,842
4.640.563)42,029,560)38,843.1
33
Inter & Great North 3d wk Apr
149,0001
115,000 7.218,958 5,556,198
alnteroceanlc (Mex) 3d wk Apr
143,492
129,561
5,732.805 5,006,218
Iowa Central
3d wk Apr
58,078
54,113 2,561,198 2,425,383
Kanawha 6c Mich.. February
188,796
1 ,538,394
174,103
1 .452,762
Kansas City South. March
785,136
701,057 6,685.352 5.646,520
Lake Erie 6c West’n —See New York Cen tral.
Lake Shore & M Sou —See New York Cen tral.
Lehigh Valley
February
2,349.156 2,306,797 23,453,733 22,560,883
Lexington & East.. February
42,250
36,961
361,106
340,321
Long Island
Inc. 19. 978
February
Inc. 651, 895
Louisiana <Sc Arkan. February'
92,735
94,700
768,614
647,331
Louisville 6c Nashv. 3d wk Apr
966,195
813,215 38,831,317 34,477,810
Macon 6c. Blrmlng.. March
13,8391
14,611
130,688
127,061
Manistee & No East February
46,569!
39,767
Manlstlque
March,
5.403
4,151)
58,596
66,182
Maryland 6c Penn.. February
23,432!
24,547
234,728
241,467
a Mexlcau Central..
February
2,548.389 2,229,926! 19,628.866 18,185,422
a Mexican Jntemat. 3d wk
Apr
178,3301
142,415 6,571,025 5,674,096
a Mexican Railway. 1st wk
Apr
147,5001
126,500 5,764,200 5,019,900
a Mexican Southern 1st wk
23,749
Apr
28,608
973,G70!
927,096
Michigan Central
—See New York Cen tral.
Mineral Range
3d wk Apr,
14,311!
13,571
617,316
607,873
Minneap 6c St Louis 3d wk Apr1
64.855
63,082 3,077,784! 3,012,331
Minn St P 6c S S M. 2d wk
Apr' 255,902
236,787
9,700,308'
9,134
$45
Mo Kansas 6c Texas 3d wk
Apr1 490,3061 363,221 21,117,046 17,334,407
Mo Pac 6c Iron Mt.. 3d wk
Apr! 944,000; 818,000 37,483,105 34,327,077
Central Branch.. 3d wk Apr
35,000,
32,000 1,330,3 22
1,555,313
Total
3d wk Apr
979,000, 850,000 38,813,427 35,882,390
b Mobile Jack 6c K Cj
December
139,700
92,984
743,921
460,475
Mobile 6c Ohio
! —See Sout hern Rail! .vav.
Nash Chatt 6c St L. February
992,703
878,447 7,731,967 7,050,658
a Nat RR of Mexico 3d Wk
Apr
337,051
295.202 12,318,492 11.022,189
Hidalgo & N E._ 3d Wk Apr
18,443
799,564
Nev-Cal Oregon
2d wk Apr
3,702
3,933
203,644
177,794
Nevada Central
February
5,388
3,666
50,132
31,226
N Y Chic 6c St Louis —See New York Cen
tral.
N Y Out 6c Western March
646,418
617,877
.
_
....
or
Month.
5
3
$
$
Ala Great Southern —See Sout hern Rail
way.
Ala N O & Tex Pac.
N O & N East
March
273,352
281,967 2,433,666 2,196,892
Ala & Vicksburg. March
140,097
121,427
1,182,393 1 ,*'25,939
Vicksburg Sh & P March
121 ,687
146,211
1,234,520
946,296
AlaTenn & North.. February
4.697
31 .891
4,435
28,270
k Atch Top & S Fe. March
8,379,627 6,939,538 69,003,636 GO .284 ,833
Atlanta 6c Chari
345 373
January'
325,517 2,492,923 2,375,203
Atlan Blrm & Atl’c. February
1 ,016,676
*116,306
90,971
708 934
Atlantic Coast Line'February
2.308.o39; 2,172,973 17,340,583 15,889,701
Baltimore & Ohio.. March
6,493,268 6,711,095 60,569,317
..
Week,
;
March
March
March
March
Michigan Central. March
Cleve C C & St L. March
Peoria & Eastern March
Cincinnati North. March
Pitts & Lake Erie March
Rutland
1 March
N Y Cldc it St L.1 March
N Y'Susq & West._fFebruary
Norfolk &
Current
Year.
Previous
Year.
Current
Year.
Previous
S
S
S
S
Year.
7,814,163 7,524,362 70,999,312 68,198,290
3,700,694 3,584,210 32,366,419 30,457 120
405,399
453,181 3,879 501
4,070,972
271 .456
239,051 1,920,423 1,699,270
2.350,704 2,203,409 20,374,962 18,860,854
2,014,521 1,908,854 18.896,966 17.803-.275
231,870
249,315! 2,296,701
2,393,793
76,586
79,763
774,626
681 ,430
1 ,077.047 1
,169,291| 10,625,849 10,034,172
I
221.901
201.638
2,125.178; 1.995 048
;
958,686
827,171 • 7.599...<)7i 7 21 1 ,997
226,109
204,497 2,001,459 1.878.417
12,438,706 2,233,548 20,083,718 18,496,052
903,579
835,579) 8,166,469 7,433,069
15,153,720 4 ,807,250 49,707,612 46,352 976
539,493
443,855! 4 .746,031 j 4,428,974
11452860!10824060 102449613:94 .773,713
Inc. 552 ,500
Inc. 4,92 9,000
....
....
...
Northern
July 1 to Latst Dale.
‘
_
Western-j February
Central
February
Northern Pacific
March
Pacific Coast Co
February
d Penn—Fast P& E
February
d West of P & E
February
Peoria a Eastern.. —See New
Phila Balt & Wash.' February
_
Philadelphia & Erie; February'
.
Pitts Cln Chlc& St L March
Pitts 6c Lake Erie —See New
Raleigh & Southport February
Reading Railway.. February
Coal & Iron Co__ February'
Total both cos
February
Rich Fred & Pot
February
Rio Grande June
February
Rio Grande South. .;2d wk Apr
Rock Island System March
c St L & San Fran March
/ Evans & Ter H. March
Total of all lines. March
Rutland
—See New
St Jos & Grand Isl. February
St Louis 6c San Fran —See Rock
St Louis Southwest- 3d wk
Apr
Seaboard Air Line.. February
Sierra Railway
February
Southern Indiana._!March
cSouthern Pacific Co:February
Southern Railway.. 2d wk Apr
Mobile & Ohio
2d wk Apr
Cln N O & Tex P. 2d wk
Apr
Ala Great South. 2d wk Apr
Ga South &Fla_. February'
Texas Central
2d wk Apr
Texas & Pacific
3d wk Apr
Tidewater & West. February
Toledo & Ohio Cent February
Toledo Peo & West. 2d wrk Apr
Toledo St L & West
j 3d wk Apr
York, Con
595,663
543,723
2,677,288 2,439,786
York Cen tral.
7,496
_
_
_
_
.
.
.
_
_
—
.
.
.
I'
ral.
1.166,716; 1,097,216 10,918,494
3
4,733
9.968,494
5,807,016
5,923.797
22,907,647:21,242.841
62.280!
39 579
113,19113,253 274 27,842,175 27.528.268
3,519,340'2,943,198!25,326.845 23,861,239
6,632,531 6,196,472 53.169,020:51,389,507
149,609
132,505 1 ,195,138 1,065,193
58,485!
44,830
561,598
456,870
9,9708,628
475,135'
444,987
5,270,79 5 ;4,167,877 44,729,391139,335,532
4,416,718 3,716,187 37,163,091132,296,898
175,496
188,032 1,719.123 1,656,756
9,869,010 8,072,097 83,611,606173,289.187
York Cen tral
144,538
111,971
1.160,468; 1,049.096
fsland Sy stem.
198,923
157,284 8,566,996 7,276,215
1,393,686 1.318,608 10,590,502 9,870,533
28,104
25.799
293,334
237,329
129.504
133,815 1 ,224,003 1,105,209
10057098 8,001 .844 82,323,983
69,786.156
1,072,018:1,027,884 44,470,478142,497,382
195,481
157,433
68,224
196,911
25,203
273,159
7,366
349,721
23,504
73,008
5,328
64,686
164,079
153,501
64,706
8,241,788
172,624
15,185
6,604,200
3,181,746
7,283,279
6,548,164
2,968.498
1,491 .85)
1,281 ,515
987,065
774,617
224,137 13,665,086 10,701,199
7,033
57,631
58,214
346,596 3,246,665 2,911 ,260
21,414
997,793
1,049,717
65,096 3 309 955 3,326,180
Tombigbee Valley
|
February .
4.667
41 918
32,041
Tor Ham & Buffalo!March
605 032
69,063
557,244
Union Pacific Syst. February
5,053,241 4,728,351 50 029 263 45,660,612
Virginia & So West.'March
95,646
95.980
770 114
735,732
Wabash
3d wk Apr
508,310
459,330 21 947 565 20.106,587
Western Maryland. 3d wk
Apr
125,852
102,959 4 354 070 3.751 .912
West Jersey & Sea. i February
265 444
272,244
3. 61 l 1 60 3,373.160
Wheel & Lake Erie.!2d wk Apt
64 ,548
127,147
4 667 816
4,337,209
W’msport 6c N Hr.. December
1 2,9 .71
LL/S.t
K7 1 7
94,400
Wisconsin Central
January
540.531
532.009
4
.
.
.
_
_
.
_.
Wrlghtsv & Tennllle February
Yazoo & Miss Valley March
_
18,355
870,529
17,871
891,203
347 S3 4
153 293
7 297 098
0,474,469
Cu rrent
l revious
Year.
Year.
3,822,696
14,723
3 619 432
91,828
89 346
4,184.621
142.637
_
.
Various Fiscal Years.
.
Period.
-
....
_
'
_
.
.
_
6.073,542: 5,665,157
Atlanta & Charlotte Air Line
Bellefonte Central
Manistee & Northeastern
Mch
Jan
Jan
Manlstlque
Man
Mexican Railway
Jan
Mexican Southern
Jan
New York Central..
Man
Lake Shore & Michigan South Man
Lake Erie 6c Western
Man
Chicago Indiana 6c Southern.. Jan
Michigan Central.
Jan
Cleve Cln Chic & St Louis
Jan
Peoria & Eastern
Jan
Cincinnati Northern
Jan
Pittsburgh 6c Lake Erie
Man
Rutland
N Y Chicago 6c, St Louis
Jan
Northern Central
Jan
d Penn—East of Pitts & Erie... Jan
d West of Pittsburgh 6c Erie.. Jan
Phila Baltimore 6c Washington!) Jan
Philadelphia & Erie
Jan
Pitts Cln Chic & St Louis
Jan
Rio Grande Junction
Dec
Texas & Pacific
West Jersey 6c Seashore
Jun
1
to
1
1
to
to
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan
Mch
Feb
Mch
Apr
Apr
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Feb
Feb
Feb
Feb
Feb
Mch
Mch
Apr
Feb
31
31
28
31
7
7
31
31
31
31
31
31
31
31
31
31
31
28
28
28
28
28
31
31
21
28
13,291
2,173,900
300,150
15,041
15,101
1
21 ,788.770 21
10,429,137 10
1,192,070 1
733,956
6,718,518
5,664,572
6
5
698,978
222,660
3,191 ,51 1
593,839
2,583.298
1 ,895,715
24.036,572
Inc. 857,
2 412,756
1 .225,459
7,569,622
198,068
5,302,712
552,254
3
2
T
,857,900
347,768
292,254
023,253
323,050
621,099
304,144
516,538
739,974
213,848
249,728
575,251
446,178
783.315
826,572
>00
2 284.556
1 175,358
7 033,629
148,525
4 216,792
529,854
AGGREGATES OF GROSS
EARNINGS—Weekly and Monthly.
Monthly Summaries.
24
week
3d
week
4th week
1st week
2d
week
3d
week
4th week
1st week
2d
week
3d
week
Feb
Feb
Feb
Mch
Meb
Mch
Mch
(39 roads).
(42 roads)
(43 roads)
(43 roads)
(43 roads)
(44 roads).
(41 roads).
April (42 roads).
April (44 roads).
April <27 roads).
Cur'nt
Year\Prev’s Year.
Inc.
2
9,477
9.780
Dec.
%
Monthly Summaries.
2
,4811
.541'
10,828 ,667
9,747
or
.374)
10,161 .319 j
10,149 .406
14,765 ,658
9,726 ,621
10,329 ,969
7,736 ,757)
8,672,351
8.954,573
10.201 .031
9,025,944
9,292,598
8.978,802
13,485,514
8,688,049
9,045,571
6.666,180
'
+805 ,130 9.28
+ 825 ,968; 9.22
4-627 ,636! 6.15
+ 721 430| 7.99
+ 868 .721
9.35
+ 1.170 .604 13.15
4 1 ,280 ,144
0.49
+ 1,038 572 11 .95
4 1 ,284 .398 14.19
4 1 ,070 .577 15.91
Montli
Month
Month
M <jut h
Month
Month
Mouth
Month
Month
Month
June
July
Aug
Sept
Oct
Nov
Dee
Jan
Feb
Mch
Cur'nt
Year Fret’s Year
3
1906
1906
1906
1906
1906
1906
1906
1907
(113 roads)
(117 roads)
(118 roads)
(122 roads)
(119 roads)
(1 23 roads)
< 1 27 roads)
(123 roads)
1907 (122 roads)
1907 ( 66 loads)
146,010 301 130 ,233,293
168,336 461 148 .013,565
179,191 945 159 ,835,022
184.551 471 171 553,520
198,733 229 179 ,405,267
186 696 274
Inc.
or
Dec.
%
S
175 .727,985
184,235 59 5 170 .746.769
173,212 305 162 .623,883
1 62,283, 992 1 52 ,555,191
77,540, 501 ‘ 71 .896.303
+ 15,777,008 12.11
F 20,322,895 13.73
+ 19.356,923 12.11
4- 12,99 7,951 I 7 58
+ 19,327 9 5 2 10.77
+ 10,971 .289
6.24
+ 13,488 8!*«
7.90
F 10.588,422) 6.51
6.05
+ 9,728,801
7.85
+ 5.644,198
Mexican currency
b Includes earnings of Gulf 6c
c. Includes the
Chicago Division
•1 Covers lines
/fears.
Houston 6c Texas Central and Its subsidiary lines In both
directly operated, e 1 Deludes the Chicago 6c Eastern Illinois
In both years.
♦wuing s of Col. & South.. Ft. Worth & Denver
/Includes Kvam
vansvlllc 6c Indiana lilt,
ti Includes
City and all affiliated lines,
ver
ier Enid 6c Gulf
excepting Trinity & Brazos Valley lilt., k Includes In both years earning*
RR., Pecos System and Santa Fe Prescott <k Phoenix
Ry
a
Apr. 27
991
THE CHRONICLE.
1907.]
Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the third
week of April.
The table covers 27 roads and shows
15.91% increase in the aggregate over the same week last year
For March taxes and rentals amounted to $214,994, against $186,945 In
1906, after deducting which, net for March 1907 was $2,891,571. against
$2,339,293 last year.
From July 1 1906 to March 31 1907 taxes and rentals
were $1,879,073. against $1,801,079 last year.
ft For March 1907 additional Income
and from
July 1 to March 31
$9,781, against $3,992 In 1906,
In 1906-7, against $42,492 In
was
$45,560
was
1905-6.
1906.
1907.
Third week of April.
61,833
$
69,180
122,300
1 271,000
143,911
31,814
355,800
57,051
103,262
3,900
96.000
10,800
3,511
34,700
4,782
868,876
766.938
101,938
$
Buffalo Rochester A Pittsburgh
Canadian Northern
Canadian Pacific
Chicago Great Western
Chicago Terminal Transfer
Denver A Rio Grande
Duluth South Shore A Atlantic.
Grand Trunk of Canada
)
Grand Trunk Western
i
Det Grand Haven A Milw
i
172,442
126,200
1 ,367.000
154,711
.
$
~
35,325
390,500
fc For March 1907 additional Income was $12,145, against $16,772 In 1906,
and from July 1 1906 to March 31 1907 was $176,374 In 1907^agalnst
Increase.
$137,863 In 1905-6.
n These figures represent 30 % of gross earnings.
V For February additional Income and net profits from coal, Ac., were
$52,527 this year, against $6o,225 last year; and from July 1 to Feb. 28
$433,985 this year, against $536,700 last year.
were
Interest Charges and Surplus.—The following
addition to their gross and net earnings given in the
also
Canada Atlantic
J
International A Great Northern
Interoeeanlc of Mexico
Iowa Central
Louisville A Nashville
Mexican International
Mineral Range
..
115,000
129,561
54,113
813,215
142,415
13.571
63,082
363,221
818,000
32,000
149.000
143,492
58,078
.
966,195
178,330
14,31 1
.
64,855
490,3061
Minneapolis A St Louis
Missouri Kansas A Texas
Missouri Pacific A Iron Mtn
Central Branch
National RR of Mexico
St Louis SouthwesternTexas A Pacific
Toledo St Louis A Western..
Wabash..
Western Maryland
944,0001
35,000
337,051
198,923
273,159
73,008
508,310
125.852
or
34,000
7,736.757
—Int., Rentals, Ac.—
740
Bost Reyerc Beach A Lynn—
Jan 1 to Mch 31
July 1 to Mch 31
126,000
41.849
41,639
459 330
48,980
102,959
22,893
49,022
7,912
July 1 to Mch 31
Pittsburgh Coal Co
Second week of April.
11)07.
68,224
214,900
4,053
lf> 1,407
_i
Chattanooga Southern
Chicago Great Western
Chicago Indianapolis A Louisv.j
Mobile A Ohio....,
Nevada California A Oregon
Southern Railway
Texas Central
Toledo Peoria & Western
a
167,438
77,103
86,084
283,002
105,481
1,072,018
Wheeling A Lake Erie.
Total (44 roads)
Net i nerease (14.19%)
'
25,203
23,304
>
127,147
10,329,960
1
.
079
Jan
1
to
Mch 31
July 1 to Mch 31
Buffalo Gas Co._
Oct 1 to Mch 31
Buffalo Roch A Pitts
231
2.0901
62,599
9.045,571 1,291.560
1 ,284.398
7.171
1
to
Feb
a
Mch
July 1 to Mch 31....
to
194,368
1,075.931
,449,565
2,101 .100
18,814,376
851,246
9.038,874
976,215
9.162.479
125,360
108,694
841,101
19,590
169.970
def 11.139
956,778
1 .648
1 .456
def .356
tlef.2.077
17,950
275 159
/I90.688
ft95.277
2,257.274
ft750,726
ft507,137
42.250
361,106
36,961
340,321
21.115
144,444
16.122
139.746
46.569
39,767
89.346
22,437
18,025
44.393
44 ,478
332,562
,677,288
2,439.786
7.033.629
Mch 31...
-
-
189,504
183,264
1.947.073
1,624.761
653,235
508.222
1,440,821
1,563,645
Mch
,
319.601
1 ,025,430
1.025.492
19.357
50,819
29.688
84.029
1 7,540
no9.420
><13.4 19
1,049 195
11 738.154
Mch
-
.
Rio Granile Junction
Feb
Doc 1 to
Feb 28...
5 8.4 8 5
STREET
RAILWAYS AND TRACTION
Week or
Month.
Current
Year.
aAmerican RysCo
cAur Elgin A Chic
March
Mch
St Louis A San Fr a
Julj 1 to Mch 31
Mch
l.vansv
July t
Terre It.
to Mch 3 1
A
4
.
.
a.
3
.
Mch
Total of all Lines a
Mch i
July I to Mch 31
s;
United States Teh plume. Feb
Jau 1 to Mch 31.
Western Mar\ land a
Feb
July 1 to I c b 28....
-
198,068
44.830
148.525
,276.795
4,167,877
1 .4 46.069
14,018,649
n
.
,729,391
39,335,532
.416,718
3,716 187
.163,091
32.296.898
,497,684
12.666.709
175,196
.719,123
188,032
1,656,756
73,129
788,780
869,010
S
,072,097
COMPANIES.
1
3,016,882
611,606 73.289,187 1 7,47 1,138
32.426
30,022
21.21 3
4 2.733
65,372
60.769
354.749
125.121
107.049
1.132.799
3,037,937
,527,239
Jan.
Preti aus
Burlington (Vr)
March
March
March
'
February
.
True January
$
227.144
101.354
23.338
185,082.
o ,4So
6. ! 7
15,927
56.903
.
Cape Breton Flee Co. February
_
Central Penn Trac
March
;
Chari Con Ry GalAKl March
Chicago A Milw Elec. March
.;
dChicago A Oak Park March
Clcve Palnesviile A E March
i
Cleve Southw A Col._ March
.
Dallas ElccCorp’n
January
_j
Detroit Jack’n AChlc 2d wk Apr,
f Detroit United Ry. 2d wk Apr1
Duluth Street Ry... 3d wk Apr
East St Louis A Sub. March
El Paso Electric
February
Ft Wayne A Wabash1
_
56,135
64.114
73,916
IS. 585
51.374
87,324j
U‘9,897
16,128|
165.411
.
_
.
.
i
.
Northwestern Kiev., March
Oklahoma City Ry.. March
Peeksklll Light A RR February
Portland Rys Co
January
Puget Sound Elec Ry February
Rio tie Janeiro Tram
March
L'ght A Power
Rockford A interurb February
128.558;
....
.
_
..
.
.
Joseph i Vfo) Ry Lt
Heat A Power Co.. March
Sao Paulo Tr Lt A P March
Savannah Electric Co February
South Side Elevated. March
Syracuse Rap Tr Ry. March
30,598:
uv.uyo,
535,338:
133.834:
..
82 (»89
21.567
149,440
5.401
6.200
17,622
50.528
51,841
40,453
74.145
15,450
42,321
78,327
103.574
15,075
148.715
|
1
latest
to
Current
Year.
.
74.933
138,483
19.012,
10.957
127.5841
$
$
630,704
277.186
65,640
537.129
11 .680
574.532
237,958
61.402.
436.164
11.137
6,200
J 1 7
35.601
,
37,522
145,890
160,972
163,947
179.522
213.069
156.147
120.489
211 .809
52.073
145.639
87.324
671.884
45.238
128.606
78.327
1,657,576
1 .436,284
223.796
206.335
474.559
73,602
425,723
55,143
l
71.9511
18.300
9.140
27.944'
174 518
48, 985
152,096
37.650
18.434
465.307
19 737
529 384
58 .083'
31 .149'
95 .371
541 .440
212.272
19 .427'
9.055
61 ,733
22,371
902 .530
3S6,75U.
75 .032
30.509
34 .176
9,378
229
,000
72,500
688 .900
214,162
887 .681
27 4,026
ton .279
44.785
967 .234
55,927
232
.443
97.232
81 .860
24.497
506,508 l ,076 .992
375 .883
113.167
2m>,,57 7:
116.941
53.535
74, 953
399. 671
131,989
47. 924
11,280
23. 396
9,133
127 584
125.617
26.91L
13,676
39,269
:
105.775
87.766
479.797
420.871
32.683
37,365.
date.
Previous
Year.
.
.
N’JAHR RyAFy Co March
S
190.000
27,797
36,559
83.340,
Valley Traction
February _|
Galveston Electric Co February
23,437
Hartf A Spring St Ry February
9,166;
Havana Fleetrlc Ry. Wk Apr 21.
32.500j
Honolulu Rapid Tr A
Land Co
29.702
February
Houghton Co St Rv.. February
15.205;
Houston Electric Co. February
45.278!
Illinois Traction Co.. February
262.363;
Jackson Consol Trac. February
9.323,
Jacksonville Klee Co. February
80,006
Kan City Ry A Light February _i 423.509
Lex A Inter Rys Co.. February
35,26?j
Madison A Int Trac.
March
11.7H6
ManllaKlecRAL Corp March
78,000
Met West Side Elcv.. March
239.925
MUw Elec Ry A LtCo March
305.419
Milw Lt Ht A Trac Co March
54,205
Montreal Street Ry_.,Wk Apr 20
62,973
Nashville Ry A Light February
109,498
N O Ry A Light Co._• February
Nor Ohio Trac A LtMarch
Xorf A Portsm Tr Co February.
Nor Texas Trac Co.. January
Yegr.
5.719
54,870
28,508
82,346
449.320
18,800
47.284
814,081
68,316
26.687
220,880
605.026
804.539
130.435
838.808
203,164
70.471
1.003,086
334.607
243.600
33,535
374.876
29.553
19.343
125,617
76,814
67.981
198.230
529.147
89.389
433.118
289.636
82.080
145.552
496.116
192,198
502.798
93.439
424,309
252.130
73.711
114.733
460,149
94,050 l 570.313
503,900 ft! .047.498
790.838
2.494.162
5 4.770
20.405
l 393.336
1.164 116
2.286.290
44.376
St
.
378,320
.
.
.
...
Tampa Electric Co
.
February
.
66.820
183.713
43,947
155.350
102,087
38,692
69,081
Terre Haute T A L Co February
Toledo Rys A Light
March
17! .988
Toronto Railway
59.484
Wk \pr 20
2d wk Apr
107,039
February
ft509.504
.
_
«44,557
.
.
Rock Island System a
■July 1 to Mch 3 1
6,341
12,334
sinking fund and preferred stock dividend.
.
Art 27.574
U16.351
298,613
2,813,884 k 1.018,022 k 1,138,277
617.877
5.665.157
7.547
15,139
After allowing for other Income received.
_
294
4.900
256,353
,394,293
,569,622
13,003
26,020
27,594
.
172,296
13,731
.073,542
Pocahontas Collieries.
Jan ! to Mch 31
61.692
30,995
203,900
303.805
July 1 to Mch 31
Pitts Cine Chic A St L.a.Mch
Jan 1 to Mch 31
Pittsburgh Coal Co
62,315
30,555
3,030.278
64 6.418
13,666
_
def256
229,834
Mch
l
def2.170
520,603
,877,901
.
Jan
131 .51 1
2.348.843
Mlnueap A St Louis
5,115
19,557
.
91,828
-
Year.
716,495
28
X V Ontario A West.a.
Previous
6,654.220
Lexington A Eastern, b. Feb
July 1 to Feb 28.
Manistee A No East.b..Feb
Jan
Current
Year.
668.613
.177,784
-
9.212
34,420
.
-Xet Earnings
—
Detroit A Mackinac.a. Mch
July 1 to Mch 31
Fairchild A Northeast.. b.Mch
July 1 to Mch 31
lown Central.a
..Mch
July l to Mch 31
d Includes
Ry
Binghamton Ry
Blrm Ry I.t A Power
Brockton A Ply St Ry
10,018!
15 185;
21 414
64 548
.Mch
b-Mch
8,334
25.000
!
44.134!
Earn'ds
b—
137,942
587,714
S.334
Mch 31
15,069
19,1151
31,402
$
$
$
.379.627
6,939,538 <13,106,565 <12,5 26 2 38
Mch 8.3
>.003.636 60,284.833d 25,763,574023 ,034,306
duly 1 to Mch 31
12.79 3
33.922
Latest Gross Earnings.
month in these columns, and the latest statement of
this kind will be found in the issue of April 20 1907.
The
next will appear in the issue of May 25 .
Topeka A S I\ b..
282.701
2.782
6,605
25,000
Name of
Road.
once a
Roads.
327.330
/16,895
foO,107
b Included In fixed charges arc expenditures for renewals, additions and
Improvements amounting to 579.026 for March, against $85,945 In 1906,
and to $862,396 from July 1 to Mch. 31 1907, against $1.321,681 last year.
12.071
,027 884
Previous
Year.
$
742.791
/16.575
/50,24 4
United States Telephone. Feb
to
$
5.076:
Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained. :s given
Atoll
Feb
3,932
33,1201
Net
Cross
Current
Year.
Rio Grande Junction
Dec. 1 to Feb 28
395
Decrease due to partial train service on account of washouts.
a
Mch
x
I
802
943,
301
134
124
015
787
75,917
Mch
Previous
Year.
$
Year.
M21 ,7S4
603,354
6372,861
5,547.249 63,401,797 63,615.230
6,766
15,571
11,259
30,662
.13,532
30,946
72,604
113,587
110,660
636,796
1,277.672
987,965
249,663
128,657
86,436
669,401
233.165
698,100
31
Pocahontas Collieries
Jan 1 to Mch 31
S
6,545
3 933
3,702
..
S
151
109
153
210
63
41
236
164
243,284
Minneapolis St Paul & S S M
Decrease.
6,501 ,S86 1 ,042,300;
64 706
3.518;
210 400
4,5001
•>
328
1,725;
116,021
Cin New Orleans & Texas Pac._
Colorado & Southern,
|
Detroit Toledo A 1 ronton
Gulf & Ship Island.
i
Incrcascx
Mch
l.-to
Jan 1
$
7,'>,‘17,041
}
final statement covers
in the aggregate over
1906.
$
Previously reported (28 roads).
Alabama Great Southern
Central of Georgia
L
Jan
Current
15,904 Jdefl3.544 xdefl2.578
46,584
£30,450
Z29.549
15,543
46,880
N Y Ontario A Western.Mch
alcove
—Bal. of Xet E ngs.-—
Previous
Year.
S
Central of New Jersey
729,462
Mch
July 1 to Mch 31
5,637,077
Manistee A No Eastern.Feb
6,866
Jan 1 to Feb 28
13,731
3,000
295,202
157.284
224.137
65,096
Current
Year.
$
Roads.
6,666.1ST 1,070,577
1,070,577
1
For the second week of April our
4o roads and shows 14.19% increase
the same wreek last year.
charges:
13,931
„
Total (27 roads)
Net Increase 05.91 %)
report charges for interest, Ac., with the surplus
deficit below these
3,965
152,980
35,915
1.773
127.085
roads, in
fore going,
March
....
February
_
903,145
25,707
63,406
164.754
45,821
147,972
87.762
35 872
54.902
158.285
55.983
1,217,074
10.849,035 !
a Figures for the month In both years Include
operations of the Scranton
Ry.. acquired Jan. l 1906.
ft Figures are from Feb. 1.
c These figures are
82,576 : for consolidated company,
d These are results for main line,
f Now In¬
750,367 i cludes Rapid Ry. Syst. .Sandwich Windsor A Amherst burg Ry. and Detroit
ft These are early preliminary returns;
2.348,845 j Monroe A Toledo Short Line Ry.
decrease tine to earthquake, tire and strike among employees. Aug. 26 to
23,337.356
19,344
38,334
128,486
97 4.455
j
•!
Sept
5 1906.
Street
Railway Net Earnings.-- In tlu*.following
! both iho gross ami
the*
not
we
show
earnings to latest dates <>f aU
'
after det .acting Utxe ^
before d •ducting taxes.
earnings t>f ttie 1 >ett\ er Enid A Gulf UR
|
Ft* Presc ott A Phoenix Uv, In !> tuit years.
.
.
STRKKT railways from which wo have been able to procure
monthly returns. As in the case »*f the steam roads, the
returns.et' tin* different roads are published bv us each week
99*2
THE CHRONICLE
as soon
received, and once a month
reporting, as is done to-day.
as
the roads
we
■Gross Earn'gs
Previous
.
Year.
Year.
Binghamton Ry Co
Mch
1
101,354
978,042
23,338
Jan
1 to Mch 31
65,646
July
1 to Mch 31
228,748
5,485
BrockAPlym’thStfty
Jan
1
Feb
to
Feb
a
28.
11,680
Cape Breton El Co.a--.Feb
Jan
1
1
to
1
to
Jan
1
to
Jan
1
to
to
to
1
Jan
Mch
31
Feb
Feb
28
28
Houghton Co St Ry.a.-Feb
Jan
1
Feb
to
28
Houston Elect Co .a
Jan
1
Feb
to
Feb
28
Illinois Traction Co.a
Jan
1
Feb
to
Feb
28
Jackson Consol Tr Co
Feb
May 1 to Feb 28
Jacksonville Elec Co.a.-Feb
Jan
1
Feb
to
28
Kansas City Ry A Et.b-Feb
June 1 to
FebH28
Lexington A Interurban.Feb
Jan
1
to
Feb
28
Manila El Ry A Lt Co._ Mch
Jan
1
to
14
375
236
178
17,622
37,522
5,949
13,326
20,682
56,520
Feb
to
5,401
11,137
42,321
128,606
Honolulu RapTrALtCo b Feb
Jan
Dallas Elect Corp
Detroit United
51,374
145,639
Galveston Elec Co .a
1
9,817
25,295
103,087
A Col____Mch
Mch 31..
-Mch
El Paso Elect Co .a
Feb
Jan 1 to Feb 28
Ft W A Wab Val Tr Co..Feb
Jan 1 to Feb 28
Jan
214,938
10,235
25,064
104,876
8,638
21,933
.a.
87,324
Mch
C515.764
Jan 1 to Mch 31
cl ,437,727
Detroit Jackson A Chic.Mch
33,125
Feb 1 to Mch 31
60,178
Duluth Street Ry.b
52 857
Feb
Jan 1 to Feb 28
112,341
East St L A Suburban
Mch
165,411
1
21,567
61,402
15,450
45,238
31
Dallas Eletc Corp.a
Detroit United
Jan
392,282
Mch 31
Mch
ClevPalnesv AEast’n
Clev Southw
446,582
40,453
120,489
Charleston Cons Ry Co.-Mch
Chic A Mllw Elect Co
Mch
Jan
870,152
Charleston Cons Ry Co.-Mch
Clev Palnesv A East’n__Mch
Mch 31
51.841
78,327
445,536
1,235,164
83,340
23,437
48,985
29,702
58,083
15,205
31,149
9,260
16.854
262,363
541,440
115,159
229,504
9,323
125,566
9,055
112,067
3,299
50,066
30,006
61,733
22,371
47,284
9,817
20,102
423,509
4,275,151
386,751
3,858,120
30,509
68,316
193,195
2,148,097
10,587
23,216
72,500
220,880
40,250
115,250
35,267
75,032
78,000
229,000
13,268
25,210
1.962
2,269
14,232
31.098
Massachusetts Electric Cos.b
Jan
Oct
1
1
Mch 31
to Mch 31
to
1,526,523
3,241,142
Mllw Elec Ry A Lt.b__.Mch
305,419
Jan 1 to Mch 31
887,681
Mllw Lt Ht A Tr Co.b_.Mch
54,205
Jan 1 to Mch 31
156,279
Montreal Street Ry
2 71 ,588
Mch
Oct 1 to Mch 31
1,599,048
New Orleans Ry A Lt.b.Feb
535,338
Jan 1 to Feb 28
1.076,992
Norfolk A P’tsmouth Tr. Feb
128,558
Jan 1 to Feb 28.
280,577
Northern Ohio Tr A Lt .Mch
133,834
Jan 1 to Mch 31.
375,883
Northern Tex Trac Co a-Jan
74,953
Oklahoma City Ry Co..Mch
19,012
Jan 1 to Mch 31
47,924
Peekskill Lt A Ry Co...Feb
10,957
Jan 1 to Feb 28
23,596
Portland Rys Co
.Jan
127,584
Puget Sound El Ry.a.-Feb
105,775
Rio de Jan Tram Lt A P.Mch
479\797
Rockford A Interurban.Feb
37,365
Jan 1 to Feb 28..
76,814
St Jo RyLtHtAPow Co..Mch
66,820
Jan 1 to Mch 31
198,230
Sao Paulo Tram Lt A P.Mch
183,713
Jan 1 to Mch 31
529,147
.
._
.
_
.
Savannah Elect Co .a
Jan
1
to
Feb
.
Feb
28
43,947
89,389
1,458,399
3,087.393
318,742
804,554
149,421
418,371
28,810
77.825
86,127'
525,391
274,026
804,559
44,785
130,435
233,307
1,406,322
506,508
1,005,086
290,167
569,902
Dec
1
to
Feb
28
Jan
1
to
Mch 31
Tampa Elec Co .a
Jan
1
to
Feb
Feb
28
Terre Haute Tr Co.a
Jan 1 to Feb 28
Feb
Tol
Mch
Jan
1
Twin City
Jan 1
to
Mch 31
..
Rap Tr Co.b.Mch
to
Mch 31
Un Rys of St Louis.a.-Mch
Jan 1 to Mch 31
Whatcom Co RyALtCo
Jan
1
to
Feb
a
Feb
28
4,594
9,977
11,661
22,634
1,001
2,486
11,458
24.398
95,718
206,077
3,121
43,242
7,647
18,023
171,386
1 .954,198
7,447
18,552
106,541
355,362
826,890
133,996
398,611
25,224
73,127’
78,849
477,691
113,167
334,607
50,619
140,377
34,581
110,235
53,535
28.857
5,515
15,523
4,173
17,150
4,323
10,008
11.280
29,553
9,133
19,343
9,714
125,617
87,766
420,871
35,148
30,652
158,125
14,843
29,362
32,685
67,981
65,406
192.198
164,754
32,849
92,950
125.134
358.134
15,724
30,553
502.798
3,524
7,890
47,805
20,345
86,605
.10,854
22 2 2*3
32,019
94,973
107,661
332,440
16,574
34,329
20,569
102,087
289,636
87,762
252,130
38,692
82,686
35,872
73,711
22,158
16,550
33,980
69,081
54,902
114,733
23,706
49,853
18,706
39,387
158,283
460,149
74,923
210,694
73,583
217.134
479,301
1,355.941
418,250
1,206.500
245,570
661 .644
220.194
614,082
903,145
2,494,162
790,838
2,286,290
20.405
44.376
306,898
771,566
269,509
810,552
10,033
23,121
12,217
171 .988
496,416
25,707
54,770
45,089
-
127,383
9,317
37,398
107,826
4.887
Net earnings here given are after deducting taxes,
b Net earnings here given are before
deducting taxes.
Includes earnings of Detroit Monroe A Toledo
Ry. In 1907.
a
c
Interest
Charges and Surplus.—The following STREET
railways, in addition to their gross and net, earnings given
in the foregoing, also
report charges for interest, &c.f with
the surplus or deficit above or below these charges:
—Int., Rentals, Ac-
Roads.
Aurora Elgin A Chicago.Meh
July 1 to Mch 31
Binghamton
Jan
July
Ry Co
Mch
1 to Mch 31.
1 to Mch 31
Brock & Plym’th St Ry.Feb
Jan 1 to Feb 28......
Current
Year.
5
—Bal. of Net E’nos.—
Current
Previous
Year.
Year.
$
$
10,709
2,028
20,992
Previous
Year.
$
24.100
237,310
219,201
8,178
24,182
70,408
7,437
22.184
05.573
34,408
1 .793
1.864
dcfl .781
3,527
3,609
defl ,028
def3,152
def3,431
—
209,272
2,057
882
Jan
1
Jan
to
Feb
Feb 28
173,084
2,380
3,111
37,514
1
to
Feb
28
Feb
Feb 28
Honolulu Rap Tr A Lt CoFeb
July 1 to Feb 28
Houghton Co St Ry Co..Feb
Jan
1
to
Feb
28
Houston Elect Co
Jan 1 to Feb
Feb
28
Jackson Consol Tr Co
Feb
May 1 to Feb 28
Jacksonville Elect Co..Feb
Jan 1 to Feb 28
Kansas City Ry A Lt
June 1 to Feb 28
*
4,250
4,377
8,772
13,517
7,213
21,638
16,550
cl 16,239
Feb
$
def701
940
12,967
5,489
1,425
6,842
20,199
295
t4,939
def391
103,775
288,314
15,012
30,025
17,529
35,104
4,564
9,032
4,167
6,394
12,788
5,080
10,515
3,876
7,835
.
2,966
29,141
3,475
6,950
146,876
1,312.011
def2,546
12,033
*69,977
*198,051
2,425
10,731
3,176
6,342
2,028
5,901
5,502
9.347
3,758
4,167
8,334
1,572
4,554
7.041
defl ,261
CX82.210
17,450
7,507
Year.
$
0*177,132
def7,754
defl7,517
34,986
8,334
8,021
15,816
Year.
.
.
3,867
427
8,708
1,643
*7,168
*13.281
3,824
*7,377
*13,365
defl ,914
def2,823
7,722
def5,566
df 5,236
7,729
15,902
2,796
27,742
3,325
6,650
133,969
6,211
15,282
3,729
8,496
333
325
20,925
15.500
6,342
13,152
4,322
11,373
46,319
836,086
37,417
725,043
407,398 defl 17,410
792,628
def41,889
89,017
*57,405
259,326
*153,012
*defl .631
24,502
68,194 *defl2.118
39,663
42,915
178,625
286,513
148,471
129,766
296,162
246,941
39.947
9,320
119,841
16,348
9,942
18,719
23,800
1,100
def52,036
34,262
1,229,155
Massachusetts Elect Cos—
Jan 1
Oct 1
to
to
Mch 31
Mch 31
436,152
846,443
Mllw Elec R.v A Lt Co..Mch
Jan 1 to Mch 31
.
_
_
95,751
280,267
Mllw Lt Ht A Tr Co
Jan 1 to Mch 31.
Mch
Montreal Street Ry
Oct 1 to Mch 31
Mch
43,212
238,878
New Orleans Ry A Lt
Jan 1 to Feb 28
Feb
Nor Ohio Tr A LtUo
Jan 1 to Mch 31
Mch
Nor Tex Trac Co
30,509
90,147
Jan
160,401
322,961
41,290
124,029
10,138
Puget Sound Elect Ry__Feb
29,552
Rio de Jan Tram Lt A P.Mch
104,166
Savannah Elect Co
Jan
1
to
Feb
Feb
11,335
23,022
Mch
25,185
74,904
28
53,959
4.389
7,531
10,904
21,808
*48.429
*147,558
*790
*5,137
39,186
299,066
113,634
211.040
defo ,366
def9,606
7,208
def3,455
5.670
12,521
Schuylkill Ry Co—
Dec 1
to
Feb 28..
Syracuse Rap Tr Co
Jan
1
to
Jan
1
to
17,125
Mch 31
Tampa Elect Co
33,852
243,600
45,821
95,439
145,552
Rys A Lt Co.a
27,423
59,837
37,404
92,636
116,941
43,737
Mch
20,626
262,105
507,202
42,991
87,230
Schuylkill Ry Co.a—
Syracuse Rap Tr Co
26,972
170,006
475,080
6,592
14,933
3'l .070
67,453
26,911
54,870
13,676
28,508
39,269
82,346
212,272
449,320
45,278
95,371
17,653
15,010
46,765
41 ,328
8,034
1 to Mch 31
18,234
71,376
206,398
17,042
Feb
Year.
%
C332.677
Duluth Street Ry
54,527.
5,581
76,885
214,697
71,951
152,096
18,300
37,650
-..Mch
Mch 31
Galveston Elect Co
148,715
*55,143
to
Jan
El Paso Elect Co
Jan 1 to Feb
12,213
27,797
1
Mch 31
Detroit Jackson A Chic.Mch
6,709
19,954
45,835
425,725.
to
20,008
50,348
104,772
36,559
73,602
Jan
678
7,105
474,559
174,518
16,159
C193.811
C496.185
Jan 1
Year.
8,500
$
26.734
64,114
179,522
18,585
52,073
Mch
Mch 31
Feb 28
to
%
43,701
50,528
145,890
35,661
1
$
82,089
56,903
160,972
56,135
28
Cape Breton Elec Co.__.Feb
Jan
LXXXIY
—Int., Rentals, Ac.— —Bal. of Net Earn.—
Current
Previous
Current
Previous
Roads.
Net Earnlnos
Current
Previous
Year.
Year.
3,549
9,440
10,644
18,681
19,006
31,713
84,083
Feb
to
Central Penn Tr Co
Jan
15,927
bring together all
'
Current
Roads.
Aurora Elgin A Chicago.Mch
Julf 1 to Mch 31
[VOL.
Feb
Terre Haute Tr Co
Jan 1 to Feb
Feb
28
Feb
28
Toledo Rys A Lt Co.. ..Mch
Jan 1 to Mch 31
Twin City
Jan 1
Rap Tran Co.Mch
to
Mch 31
Un Rys of St Louis
Jan 1 to Mch 31
Mch
Whatcom Co RyALtCo.Feb
Jan 1 to Feb 28
*
c
3,444
22.386
66,236
*19,958
*52,641
1,954
Nil
Nil
8,323
20,204
*15,470
*43,090
16,550
33,980
15,207
30,051
12,632
23,049
8,499
19,802
29,586
75,964
6,074
16,338
31,38 3
90,340
130,312
315,869
110,486
284,952
38,034
115,031
994
45,337
42,200
134,730
126,794
109,708
329,125
115,258
345,775
230,868
693,733
6.198
12,412
231,475
695,521
3,904
7,808
76,030
77,833.
3,835
10,709
983
4.409
After allowing for other Income received,
Includes earnings of Detroit Monroe A Toledo In 1097.
ANNUAL REPORTS.
Annual Reports.—The index to annual
reports is omitted
this week because of the publication of the
“Railway and
Industrial” section, which contains references to the
reports
of the principal steam railroads and industrial
companies
printed in the “Chronicle,” not including to-day’s issue.
Philadelphia Baltimore & Washington RR.
(Report for Fiscal Year ending Dec. 31 190G.)
President James McCrea,
Philadelphia, March 11 1907,
says in substance:
Statistics.—There was an Increase In the number of tons carried of 8.03
%:
mileage of 9.01 %; and freight train mileage of 11.55%.
The
passengers carried Increased 10.45%:
the passenger mileage
increased 8,01%; and the passenger train
mileage Increased 4.54%.
The
gross earnings per ton per mile were 0.954 cents, a decrease of 0.31
%. and
the gross earnings per passenger per mile were 2.017
cts, a decrease of 0.05 %.
General Results.—There was a continued Increase In the
volume of the
freight and passenger traffic and In the revenue therefrom, although there
was a slight decrease In the rate
per ton and per passenger per mile.
After
deducting rentals due roads operated under lease, and providing for all
fixed charges, taxes and other liabilities, there was a net
Income of $2„782,552.
Out of this there were paid two dividends of 2% each,
leaving a
balance of SI .842,810, which was
applied toward the extraordinary expendi¬
In tonnage
number of
tures of the year.
Construction, Ac.—The aggregate construction, equipment and real estate
expenditures were 54,546,390, as follows:
Right of way
$49,667
54,723
Gray’s Ferry, engine house, machine-shop, track, Ac
Extension of Kdgemoor yard..
81,968
Wilmington, Flevated line and Justlson St. yard ($588,344);
passenger station
($203,682);
power-house, Ac. ($19,933)
811,959
Havre-de Grace, new-line, bridge, passenger stations at
Perryville
and Havrc-de-Grace, Ac
710,038
Washington. Magruder branch ($178,228); Montana Ave. to Flor¬
ida Ave., Including coach
yard ($485,964); elevated grade.
South Capital to 4 ^ St. ($335,785); elevated and
Maryland
Ave subway, freight yards and othe?
Improvements ($379,023)
Interlocking
Re-bulldlng pool freight
Real estate
.
.
Water supply
Miscellaneous
„
cars,
shop tools, Ac
-
1,399,000
93 ,645
366,182
111,693
73,063
794,450
After applying surplus Income of $1,842,810 toward this
expenditure,
there remained a balance of $2,703,579, which was
distributed as follows:
Charged to capital account—cost of road, $1,899,584, and real 'estate
791,196: charged to construction
of revised line through
Washington,
1). C., $12,799.
The charges to capital account
represented expenditure
for real estate and right of way, a portion
of the cost of the two-track
elevated road through Wilmington and of the new
passenger station at
that point, the completion of the new bridge and revised line
at Havre-deGrace and of the Magruder branch, the construction of the
Joint coachyard, round house and shops, and of additional tracks, In connection with
the new passenger station at Washington,
Increased freight facilities In
that city and at other points, and permanent water
supply. *^n*a*i
Apk. 27
Merger.—Your company, being the owner of all the capital stock of the
South Chester RR., a branch about 3 H miles In length, acquired the same
The charge to
consolidated It with your main line on Feb. 9 1906.
capital account resulting therefrom, $229,700, appears In the cost of
road on our balance sheet.
Elimination of Grade Crossings in Washington, D. C.—The further sum
of $596,407 was expended during the year upon the revision of your line
through the city of Washington for the purpose of eliminating grade cross¬
ings, of which $583,608 was provided for out of your surplus Income.
The
sum of $1,500,000 Is carried on your balance sheet to this account, until
the receipt of that amount from the Government In pursuance of the
appropriation heretofore made for that purpose by Act of Congress.
Washington Station.—The work upon the terminal station has been
steadily prosecuted during the year.
A very large proportion of the steel
work and masonry Is In place, and the construction of the train shed and
United Railways &
and
f
approaches and of the joint coach yard, round-house and shops Is underway.
Stock Holdings.—Our holdings of stock In the Baltimore & Ohio Railroad
Co. have Increased by reason of the allotment made by that company at
par during the ytear (and on Dec. 31 1906 Included at par $1,000,000 pre¬
The South Chester RR.
ferred stock and $1,048,700 common stock—Ed.)
having been acquired, Its stock no longer appears as an asset.
Sinking Fund for Debentures.—The sinking fund for the $1,000,000 Of 5 %
debentures of June 1 1880 having reached such an amount that the principal
and Interest of the securities now held in the fund will be more than sufficient
for the payment of that loan at the maturity thereof In 1910, further pay¬
ments Into the fund have been discontinued.
New Freight Cars.—Eight new cabin and 90 new gondola cars were built
or purchased to replace cars destroyed, and 150 box and 102 gondola cars
were acquired through the Pennsylvania steel freight car trust, to replace
a like number oUold low capacity freight cars destroyed.
Controlled Properties.—The Delaware RR. shows a substantial Increase
both In gross and net earnings, and after paying all llxed charges and
dividends aggregating 7%, It was able to transfer $297,966 to an extra¬
ordinary expenditure fund, to cover future betterments and Improvements.
The Philadelphia & Baltimore Central RR. shows Increased gross earn¬
ings, but a greater Increase In expenses, so that there was a deficit of
$40,021 In meeting all charges.
The Philadelphia & Delaware County RR. shows a surplus of $19,310
alter meeting all charges.
The Delaware Maryland & Virginia RR. shows a deficit of $13,17S In
meeting Its liabilities.
The operation of the Columbia & Port Deposit Ry. was seriously Inter¬
fered with until Aug. 1 1906 by the construction of the low grade freight
line of the Pennsylvania Railroad Co., but the Columbia & Port Deposit Co.
has been properly compensated for the loss of traffic and revenue resulting
therefrom.
The Baltimore Chesapeake & Atlantic Railway Co. shows a considerable
Increase In gross earnings, and paid dividends aggregating 5% upon Its
preferred stock during the year out of surplus earnings.
The Maryland
Delaware & Virginia Railway Co. was unable to meet Its fixed charges, and
an advance of $75,000 was made to It for that purpose by the Baltimore
Chesapeake & Atlantic Railway Co., which Is the guarantor upon Its bonds,
and owns a majority of Its stock.
OPERATIONS AND
Passengers carried one mile
per passenger per mile
carried
carried one mile
per ton per mile
FISCAL RESULTS.
1904.
1906.
1905.
708
706
*
706
9,910,768
11,595,975 10,498,721
347,868,021 320,296,945 292,928,604
2.018 cts.
2.017 cts.
2.015 cts.
Operations—
Miles operated
Passengers carried
Rate
Tons
Tons
Rate
.
..
13.756,835
12,734,681
11,285,178
..795,122,655 725,411,993 676,579.371
0.954 cts.
$
7,589,061
7,015,959
Earnings—
Freight traffic
Passenger traffic
Express traffic.
Transportation of malls
Maintenance of way and structures.
Maintenance of equipment
Conducting transportation, traffic
Conducting transportation, oper.
.
__
15,941,241
14,676,204
13,525,757
1,897,423
2,585,102
290,320
6,550,905
1,710,094
2,378,798
262,490
6,193,651
257,899
1,525,054
2,036,378
249,397
5,921,093
10,802,932
9,989,971
276,237
General expenses
11,599,987
(72.77)
4,341,254
Total expenses.
Per cent of expenses to earnings.
Net earnings
Deduct rentals on basis of net earns..
...
Balance
0.957 cts.
$
196,225
444,495
Total earnings.
Expenses—
0.957 cts.
$
6,944,007
6,465,095
6 o 3,352
408,481
205,269
695,501
Miscellaneous
6,474,532
5,903,947
613,459
366,241
167,578
258.049
(73.61)
(73.86)
832,988
3,873,272
751,526
3.535.786
874,068
3,508.266
3,121,746
2,661,718
682,220
553,933
8,027
58,455
656,009
30,577
40,906
77,447
4,284,822
3,926,686
3,345,650
49,785
900,000
157,308
12,747
373.702
8,728
939,742
1.842,810
49,948
900,000
49,912
876.909
12,747
285,659
24,567
939,742
1,714,023
12,769
262,411
23,569
939,566
1,180 513
4,284,822
3,926,686
3.345,650
Add —
Interest on Investments
Interest—general account
Interest on equipment..
Rents
35,881
Total net Income
Application of Net Income—
Fixed rentals.
Interest on bonds
Interest—general account
Interest on mtges. and ground rents
Taxes
...'
Miscellaneous.
Dividends. 4%
..
Extraordinary expenditures
Total
43,866
78,106
GEN ERAL H AI. ANCE SHEET DECEMBER 31.
1906
1905.
1906.
1905.
Liabilities—
$
S
$
$
23.493.550
Stuck
23,493.550
36 ,806,422 31,.677,138
20,000,000 20,000.000
1,,010,234 Funded debt
1 ,801,431
4 .566,563 4,,566,563 Mtges. and ground
Equipment
rents
200,973
200,973
Rev’d line through
1.452.277
1,,487.201 Pay-rolls & vouch. 1,689,620
Washington.... 1 ,500,000
7.;.379,932 lilt, accrued, not
Stocks owned
7 ,404.451
matured
209,900
209.900
643,319
Bonds owned:
606,319
controlled
143,867 : Due
28.817
Net traffic balance
925.018
!
Due from other cos.
companies
1.190.747
| Accounts payable. 5.263,826 4,750.000
&c.. other than
500,000
302.210 ; Sinking fund
586.54.3
traffic balances.
500,000
518.318 !Car trust principal
Due from agents.
609,891
628.024 j
Materials on hand. 1 .252,490
charged off
55.326
.375,071 [Taxes, await, sett.
678,821
Cash
.246.554
12,652
16.069
500.000 Miscellaneous :
500.000
Sinking fund
3.718.074
3.514.255
39.072
30,568 i Profit and loss
Miscellaneous
Assets —
Cost of road
Real estate
....
.
....
...56,380.820
T >tal
—V'. 84. p. 749.
55.262.445!
Total
56.3S0.820 55,262,445
Tennessee Coal, Iron & Railroad Co.
{Report for Fiscal Year ending Dec. 31 1906.)
report for the year 1906. to be cited more fully next
The
week, shows results for the year as follows:
1906.
Gross sales and earnings
Exp.
repairs and maintenance
Net
Deprec’n, renewals and replacements
a
Balance
1
Charges (less mlsccll. Income)
Surplus
Dividends on common stock, 4 %
Dividends on preferred stock, 8%
1905.
$13,265,971 $10,951,979
1904.
$9,607,578
10,512,811
8,467,840
7,744,947
$2,753,160
770,678
$2,484,139
625,090
$1,862,631
534,789
51,982.482
$1 ,859,049
895,145
830,765
$1,327,842
831,583
$1,087,337
$1.028.284
$902,116
19,786
$950,492
9,964
$496,259
19,006
$477,253
$126,881
$106,382
Balance
a Miscellaneous Income In 1906 amounted to $52,829.—V. 84, p.
993
THE CHRONICLE.
1907.]
275.
Electric Co. of Baltimore.
(.Report for Fiscal Year ending Dec. 31 1906.)
April 101907, says in substance:
President Wm. A. House,
General Results.—The gross earnings have Increased $559,404, or 9.29%;
operating expenses (after deducting extraordinary expenditures of $929,762
for the year 1905) Increased $385,412, or 13.59%.
The Increase In fixed
charges was $135,520, or 6.08%.
Decrease In amount carried to surplus
for tne year $9,766.
The Increase In operating expenses was mainly due
to Increased car service and to advance In rates of wages; also in part to
Increased cost of materials and supplies.
Fixed charges were Increased by
the Interest on car trust certificates series “B” and ,'C,” Interest on the new
funding bonds and Increase in park and other taxes.
The percentage of operating expenses to gross earnings was 48.93%. as
compared with 47.05 % In 1905. The average earnings per car mile were
25.30 cents, an Increase of 1.60 cents, and the cost of service 12.37 cents,
an Increase of 1.22 cents.
The number of car miles run was 26,035,327,
an
Increase of 603,951 miles.
The total number of revenue passengers
carried was 133,785,601, an In¬
of 11,467,163.
While the earnings show a gratifying Increase, as compared with 1905,
the unusually frequent and heavy rains, which occurred during the summer
of 1906, greatly Interfered with excursion travel, the amount of precipita¬
tion during the three months—June 1 to Aug. 31—being 19.10 Inches.
Financial Plan.—The most Important event of the year was the adoption
of the financial plan (V. 83, p. 156).
First—The funding of Income coupons to and Including the year 1910.
At the time of writing this report the holders of $13,584,000 out of a total of
crease
$13,940,000 of the bonds have accepted the plan.
It Is apparent that under the funding agreement the money becomes
available for Improvements only as earned.
It has been deemed expedient,
however, to press the plans for Improvements, anticipating the company’s
Income by incurring a floating debt and retiring It at convenient periods.
Second—The Maryland Electric Railways Co., the Maryland Electric
Railway Co. (chartered by friendly Interests In the spring of 1906) and the
Baltimore & Annapolis Short Line were consolidated on Aug. 7 1906 under
the name of the Maryland Electric Railways Co.
The consolidated com¬
pany authorized an Issue of $8,000,000 first mortgage 5%
25-year-gold
bonds, the proceeds of which, when sold, are to be used only for the purpose
of acquiring car houses, terminal stations, power houses, excursion resorts,
cai^s, rolling stock, railway extensions, tracks, rights of way, franchises
and such other necessary buildings, structures or additions to our system
as may be approved by the mortgage trustee.
This property is leased to
the United at an annual rental equal to 6 % upon actual cost.
The United
further agrees to pay as rental, beginning In 1910, 1^% per annum on the
amount of the outstanding bonds; also to purchase the property at maturity,
of the bonds by paying an amount sufficient to retire them, and the money
paid as a sinking fund, Including Increments, goes towards the purchase
price of the property.
A special sinking fund Is provided for purchases of
rolling stock, the lease of which Is limited to ten years.
The bonds are re¬
deemable at any interest period at 110 and accrued Interest.
These bonds proved an attractive Investment, and $4,000,000 of them
were purchased by a syndicate, payments for the same. In blocks of $1,000,000, to be made not later than Oct. 1 1906, Feb. 1 1907, July 1 1907 and
Jan. 1 1908 respectively.
The remaining $4,000,000 of bonds, authorized
but unissued, will remain with the trustee to be Issued upon proper certifi¬
cate.
IV. 83, p. 818, 1470.)
There Is available at this date for new Im-
Erovements
onds.
$1,031,667 unexpended from the sale of the first $2,000,000
Sale of Property.—Your company should have available by July 1 next
from the sale of the Pratt St. site to the city $309,737, and from the sale
of property no longer adequate for our uses over $300,000.
amounts,
with the company’s surplus, will be available for our purposes this year.
Construction.—During the year 1906 no charges have been entered to
These
capital account for cost of road, equipment and real estate, except
stances where the proceeds of bonus have been used to provide
The amount so charged for new construction aggregated (net)
In In¬
therefor.
$80,437,
representing extensions and discounts ($16,000) on bond for construction.
Large sums were expended In bettering the condition of roadway, track
and power plants, and in vlewof the Increase of gross receipts It was deemed
expedient to continue as rapidly as possible the plans for improvement.
Extraordinary Expenditure Fund.—In order to preserve an accurate
record of the cost or rehabilitating the property, there was opened an account
referred to herein as “Extraordinary Expenditures,” which account Includes
expenditures for rehabilitating the property distinguishable from the cost
of ordinary maintenance and repair under normal conditions of efficiency.
The extraordinary expenditures for the year were $1,436,693, the details
of which (as reported by the expert accountant) are:
Track reconstruction, Including cast welding
:
$592,035
Reconstruction of overhead lines, viaducts and bridges, Improved'
—
122,802
bonding
New, and reconstruction of old, car houses
104,557
Harford Road Subway
34.394
Improvements to power plant ($152,198); Harford Road sub¬
station ($66,816)
219,014
Payments on account of car trusts
209,360
Construction and reconstruction of cars
18,997
:
13,879
Expense Incurred In sale of property, In funding coupons, &c
Interest on sundry construction loans
80,215
4T.433
Miscellaneous Items
Of the total cost of this work, $9«0,000 has already been charged against
the net Income of the year and credited to extraordinary expenditures
leaving a balance standing to the debit of extraordinary expenditures on
Dec. 31 1906 of $456,693 carried for the present as a deferred asset.
Taxes.—s-The total amount of taxes. Including Park tax and the cost of
paving streets during the year was $652,802, as against $560,368 In 1905,
an Increase of $92,434.
Tracks.—The track department reconstructed during the year, with
standard rails, bonding, fastenings and new ties, 31.625 miles of single
track (22.811 cable and 8.814 eleetrlc).
The Sparrows Point line was ex¬
tended from Jones’ Creek to Bay Shore Park. 7.16 miles of single track.
Including this and other extensions and connections, there were constructed
8.61 miles of new track, or a grand total of 40 miles of single track con¬
structed and reconstructed during the year.
The rail bonding was renewed
on 71.459 miles of single track.
The Falk Company cast welded 4,076
*■
rail joints.
The conversion of the remaining portion of the old cable system
of tracks (22.81 miles) to electric was completed Sept. 28 1906.
The company now operates 394.454 miles of main track, of which 171.867
are laid with “T” rails upon suburban lines
and 172.666 with 9-lnch girder
rails, while 49.921 miles are made up of various types of smaller sections,
the joints upon 40.62 miles of which have been cast-welded.
Cars.—During the year the company has received and placed In service
100 additional double truck 4 motor air-brake cars. 90 of wfilch were bought
under car trust (Series “C”) and 10 purchased outright from the proceeds
of Insurance.
A contract was closed by the Maryland Electric Railways
Co. on Nov. 24 1906 for 40 double truck semi-convertible high-speed cars,
and on Feb. 1 1907 an order was placed for 40 additional cars of same type,
all to be leased to your company.
Ten snow plows and two sweepers,
purchased by tin* Maryland Electric Railways Co. and leased to your com¬
pany,.were received In time, for the heavy snows on Feb. 4 and 5 1907.
Power Plants.—The demands for power have Increased so rapidly that It
has been difficult to keep pace with the situation, notwithstanding that the
5,000 K. \V. reciprocating unit, contracted for In 1905, wras placed In srevice at the Pratt St. power house In the early part of last year.
In antici¬
pation of the dismantling of the machinery' to be removed from the widened
portion of Pratt St., a 5,000 K. \V. turbo generator was placed In service
In January'
1907.
A second
5,000 K. W. reciprocating unit Is now
being Installed at Pratt St.
The Eastern and Northern sub stations were
completed early In 1906 and equipped with three 1,000 K. W. rotaries and
four 1,000 K. W. rotaries respectively'.
The Druid Hill sub-station was
reinforced by the addition of one 1,500 K. W. rotary, which Increases the
The Maryland Electric Railways
capacity of that station to 5,500 K. \V.
Co. has purchased a suitable site adjoining Bay Shore Park and will erect
thereon a power and lighting plant to be leased to your company.
Bay Shore Park.—Bay Shore Park, opened Aug. 11 1906. was acquired
by the Maryland Electric Rys. Co. on Oct. 31 1906 and leased to your co.
'Extensions.—The city ordinance authorizing the construction by the
Maryland Electric Railway's Co. of a double-track extension of the St. Paul
St. line from 31st St., via Merryman’s lane, to the new Boulevard Hue and
the Northern City limit, w'as duly passed by the City Council and approved
by the Mayor.
It Is also proposed to construct and lease to your company:
a double-track line upon 8th St. between Orangeville and Hlghlandtown.
a single-track line 2 mile extension
from Towson to Lutherville: also a
-
994
THE CHRONICLE
double-track line 4Yx
miles in length from Wllkens Av. line to
Elkrldge
Landing, connecting with the new race track near
Halethorpe.
Miscellaneous.—On May 1 1906 the remaining $479,000
Baltimore Trac¬
tion Co. convertible bonds were retired and
canceled, and a like number of
our first 4% consols, were
released.
Contract.—A contract was concluded with the
Washington Baltimore &
Annapolis Ry. Co. and the Baltimore Terminal Co., which lines are con¬
structing an electric road between Baltimore and Washington,
granting
those companies the right of joint-user of the
oustde rail of tracks of th Is
company upon Lombard and Liberty streets and Park
Av., between
Greene St. and the Terminal Co.’s station at Park
Ave. and Marlon St.
Betterments Since the Fire.—Since the
great lire of Feb. 1904 there has
been expended for the general betterment of
your property by the re¬
construction of tracks and power
houses, for the purchase of cars and for
extensions about $6,891,734.
OPERATIONS AND FISCAL RESULTS.
[VOL.
LXXXIV
United Box Board A Paper Co. Balance Sheet Feb.
23 1907.
!
Liabilities—
plants, maI Preferred stock
$14,948,900'
chlnery, &c.
$22,432,578 j Common stock
14,018,500
Stock In sundry corpor’ns
5,117,8511 Bonds and mortgages
4,110,900
Treasury bonds
914,5451 Accounts and bills payTreasury stock
4,705,448 |
able
840,509'
Personal property.
33,601 j Surplus
180,807
Assets—
Real estate,
Sinking fund
21,153|
31,5751
Cash
Accts. and bills receivable
Mdse, and supplies
Total
.
458,583 1
384,282]
$34,099,6161
Total.
...$34,099,616
_c.
Balance Sheet of American Straw Board Co.
(.Including Uncas Paper Co.)
Feb. 23 1907 (Dec. 31 1906 added for
comparison.—Ed.)
Assets—
Feb.23'07. Dec.31’06.1
Feb.23 07. Dec.31’06.
Real est.,plants,
$
$
I
Liabilities—
$
$
and maehln’ry 5,506,065 5,101,371 j
Capital stock
6,000,000 6,000,000
Invest, account.
16,405
250,2951 Suspense acct
245
Stores
425,000
425,000j Bonds
318,000
268,000
Personal prop..
57,397
54,642 I Dividend acct
34,040
Cash
62,363
87,173 j Accts. payable.
40,474
22,726Accts&bllls ree._ 452,599.
360,125 j Int. accrued...
6,700
Mdse. & supplies 235,450
189,31 9 1 Surplus
396,805
136.214
,
1906.
Car miles
Revenue passengers
1905.
1904.
1903.
26,035.327
25,431,376
23,397,515
24,665,973
133,785,601 122,318,438 109,526.908 110,235,977
53,413,492
49,292,821
43,932,210
42,788,205
$6,583,102
$6,023,698
$5,440,942
$5,480,630
Conduct, transportation $1,336,335
$1,202,081
$1,090,4821
Motive power
606,478
419,868
523,713|
Maintenance of
Transfers
Gross earnings.
.
way
230,752
391,805
Maintenance of cars
General expenses
Total oper. expenses.
Net earnings..
Other income..
Deductions—
Interest on bonds, &c..
Park and other taxes
Rentals
int. on loans and notes
887,636
428,999 :•
349,735 |
483,610 j
2,978,554
655,572
660,528
595,179
$3,220,942
$3,362,160
$3,765,291
$2,258,406
$2,876,539
,725
2.725
$2,564,403
$2,978,554
$2,502,076
10,238
90,374
$3,366,885
$2,261 ,131
$2,574,641
$2,592,450
$1 ,738,209
$1,607,294
493,348
$1
4
546,507
10,925
_
.
Total..
.608,295)
447,998 1
$6,755,279 6,467,925 |
Total
6,755,279 6.467,925
p. 692, 105, 52; V. 83, p. 1540.)—V. 84,
p. 876, 808.
Compare V. 84,
Lanston
Monotype Machine Co., Philadelphia.
(Report for Fiscal Year ending Feb. 28 1907.)
Pres. J. Maury Dove, Alexandria, Ya.,
April 111907, writes:
General
Results.—Notwithstanding the
strike In the book and job offices1906, more than a year
material, the gross re¬
payable
361
10,371
CO .781 !
ceipts of the business and profits for the past year have exceeded those
lilt. on car trust ctfs
of
69,585
the year previous and give fair
23,263
3.134J
promise of a much greater Improvement
Int. on income bonds
during the present year.
560,000
The gross business for the year was
$1,312,873, and the net profits (after
Total
*2,365.587
$2,230,067
$2,244,579
depreciation) were $514,733.
Of this amount, $314,733 were
$2.70S,029
c
Balance
trading or
1 001 ,298
531,064
regular business profits and $200,000 were
$330,(162 def$l 15.579
extraordinary profits derived
Written off for extraord.
from the sale of the modern Continental
patents
(patents
not
expenditures subject to
originally
capitalized) to the English corporation.
•final distribution
by
The total number of casting machines
placed
during
the
year
board of directors
just
closed
980,00(1
was 381, and the total number of
keyboards placed was 571.
A large num¬
ber of machines placed in this
country was in plants that had previously
Balance, surplus for yr
$21 ,298
Installed Monotypes.
$31,064
$330,062 def$ 115,579
Owing to the general stagnation of business in England dulrng the year a
BA I..4 NCE SHEET DECEMBER 31.
smaller number of machines was sold to the
English corporation than tile
previous year.
Since Jan. 1 • of the present year, however, business
1906.
1905.
in
1906.
1905.
England
has
improved
demand
and
the
for machines has increased, and we
ASSOS—
$
S
Liabilities
8
are shipping them at
$
present
50
%
more
of
machines
Cost
road.equipmonthly.
Capital stock. ...15,000,000 15.061,000
Improvements.—With our largely increased factory facilities we
ment. <fcc
66.802,712 60,580.662 Underiving bonds. 13,230,000
are
12.029,0<»()
prepared to meet the greater demand that will surely be made
Investiu’ts—bonds
upon us this
First mortgage 4s. 26.450,000 25.971.000
year for both machines and supplies.
The
and stocks
demand
for
122.30
supplies for new
122,302 2d M.'income 4s.. 13,940,000 13.939.000
and existing plants is a rapidly
Current assets:
growing one.
We have been compelled to
Accounts pavabie.
take the entire building in which we are now
376,995
224.567
Cash
located in order to meet our
115,97 7
-S6.S76 Outstanding tickgrowing needs.
Our factory to-day is one of the most
Notes and ucc’ts
complete ami
els, Ac
0.030
up-to-date of its kind In the country.
9.537
receivable
£840,149
1.329.727 Notes pavabie
800.5x0
Patents.—A great many important
392.100
Due by Mayor A
improvements
were
made
during the
Trustee city A: sub.
year and will be protected by patents.
A large number of new patents
City Council in
first mortgage..
was also issued during
50,655
39.497
the year.
con net*,
with
Every
precaution
Is
taken
to
Accrued interest
properly
502.083
425,8X8
protect our patent Interests.
widening
0 f
Accrued taxes.
119.155
New Contract.—On Jan. 1 1907 we
99.441
l’ratt Street.
concluded a new contract with the
309.73 7
309.737 Car trust interest.
17.93.8
English corporation, the former contract
14,562
Supplies
being canceled, for manufacturing
coal
Surplus
its costing machines and keyboards
27.-458
69,250
on hand
covering a period of five years, thus
370,83 ')
224.164 Deferred babbit's z2l .602.227
1,748,086
reserving to our company the exclusive right for that period of
Deferred assets.i/3.633.709
manufac¬
1.360.160
turing every Monotype sold in the world.The sale of our modern i .uropean
Total
patents to the English corporation was
72,195,421 70,022.928
Total
...72.195,421 70,022.928
consummated timing the latter part of the
year for the sum of $240,000,
to be paid for in eight
x Included with ‘‘notes and
years, $30,000 per year, payments to be made
accounts receivable'’=are $540,050 United
quarterly, $7,500 each.
All of said payments are evidenced
Railways &
Electric Co. first mortgage 4s and $27,000 Central
by 32 promis¬
Railway first mortgage 5s.
sory notes of $7,500 each, one
y “Deferred assets' embrace $1,375,750
maturing every three months until the
equipment purchased (ad interim) through
number of 32 lias been paid.
car trust issues:
Said notes are covered In our present financial
ncome bond coupons held
by Maryland Trust Co., trustee, against
statement under the head of hills receivable.
funding bonds under funding agreement dated
The sale
of a
July 25 1006. $1,080,000: extra¬
territory, at a fair price, that we couid not possibly coverdisposes
ordinary expenditures (ad interim) the final distribution of which
ourselves in
is to be made by
marketing
our machines and gives, at the same
the board of directors, $456,693:
time, to the English cor¬
other miscellaneous items. $121,206.
poration double the market they had prior to
z "Deferred liabilities” include:
acquiring these rights.
Our
Accident reserve. $124,791: car trust
series A
company Is also relieved-of the payment
$280,000: car trust series B. $765,000: car
annually of large and growing fees
trust series C, $390,000: and miscellane¬
for taxes, maintenance. Ne.
ous items, $42.430.—V.
95.791
124.371 }
$2,148,029
1
throughout the country, which
was declared Jan. 1
ago, and the great increase in the cost of
labor and
—
•
•
’
—
.
.
.
.
...
.
84, p. 860. 027.
OPERA J IONS AND FISCAL
International Mercantile Marine
(Advance Statement jar Calendar
Company.
Year
Casting machines placed (number)
Keyboards placed (number)
1900.)
depreciation
Brought forward from former period
_
MARINE
AND
CONSTITUENT
CO'S.
Comprising American, Red Star, White Star, Dominion
.
_
.....
_
Total operating. <5cc., expenses
\et earnings
Interest and discount on bonds
Interest on loans.
Income tax
.
.
.
.
.
.
.
.
Total first charges
Surplus
Surplus insurance
.
•Net profit
.
...
.
account.
$37,896,070
$25,533,416
245
—
vest men t ace't
Inventory
.
.
Plant..
<)ffiee furniture.
.
[l 51
-
..
Rights,fran.A: imp.
~0<E625
j
!
$3,731,039
$-E37X,X97
816,740
_
$198,510
$125,000
$916,161
$599,943
Total
V’. XI, p. 934
1906.
Liabilities —
$
22X,978;Capital stock
5,000,000
451,656i Discount (hills re204,3x4 i
celvahle)
265,000
57,6001 Loans and bills payi
able
250.000
672,913! Accounts payable.
34,736
432,517 Dividend account.
72
!
1905.
$
5.000,000
270.000
.
672.913
355,150
46-4.939
5.225
: E794.33S
3.769.029i
4.516,9X1
O.lUo.TWj
1
1.
$
126.217
766,416
305.183
26,60(1
394,7721Contingent
acc't..
3.9 4U Profit and loss
.
..
250,000
11,940
51.012
916,161
03.909
599,944
6.516.981
6,195.793
I
American Can
ol
$724,943-
.
BALANCE SHEET MARCH
190.5.
|
1906.
$
Bills receivable.
Accounts receiv le.
Treasury stock...
Stocks <Sc bonds,in¬
3,907,746
294,972
5<L000
$3,1 27.191
..
Less paymrnt in 1905 on account
trade agreement for 1904
$3,8x0 055
$2,020.689
804,159
.
A ssets
Cash
$27,456,175 $29,786,134
$5,906,744
$8,109,936
$3,349,495
$3,425,263
482J67
4*303
...
$1,1 14,677
517
x The "net profit” in 1906
Includes $31 1,733 from regular profits of the
business and $200,-000 from sale of continental
patents (see text above).
1,086.531
.....
$1,058,837
305,148
419,795
Profit and loss surplus as per balance sheet.
and Atlantic Transp
Combined Income Acct. for 12 trios. end.
Dec? 31.
1905.
1906.
Gross voyage earnings,
$32,435.51 2 $30,809,539
Mlscei. receipts. Incl. commissions, int.
and divs. on
outside investments and trade
agreements
927,407
Total gross income
..$33,302,919
Voyage expenses
$23,071,566
Operating expenses.
4.006,31 1
Administration and general expenses I. M. M.
Co:
327.710
Depreciation on property other than steamship50,587
£$1,312,873
£514,733
599,944
Transferred to contingent account
Dividends Nos.l and 2 paid Apr. and Oct.1906(4
%)
.
MERCANTILE
1905-00.
386
-
-.
INTERN AT.
190607.
381
571
_
Gross business
Net profit after
In connection with the
listing of the company’s securities
»iii the New \ork Stock
Kxchange, tin* following compara¬
tive statement has been given out:
RESULTS.
To tiil
...
Company.
(Djjieial Statement of Feb. N 1907.)
236.0 13 52.X90.848
$5,195,637 l
I lie -official si ;it«* 111 < • i»t made 1o the
The figures for 1900 are estimatedNew York Stock K\they ha\e not ln*« n audited and an
subject to change, but are l>ejlcv« d to he
upon the
of $ll,2dd,d00 cumulative
"The above figures do not include the -ub-tamlally correct-.
pre¬
operation's of th<- Ley hi ml and ' ferred stock and J* 11
,.*{()() common stock
National lines, in which the J. \1. M. («,. has
says in substance:
Imp n taut holdings.
These
lines make separate n parts to their
Organization
Ineoi poi nted March 10 1901 under
stockholder-, ami show profits for th<
laws of New Jerscv.
year 1905 in wot Hug the
companies of cxs.nx for the la yiand Line and !j A in inn I zed capital stock, $88,000,000, consisting of $
11,000.000 cumulative
Cl2.076 lor the Na’ionai Line, all of which was
7%
preferred
stock
and
witicn oil to <h pn elation !
$11,000,000 common stock.
Par of shares $100.
The preliminary m ports lor 1906.
nights af Pnfirred Stocle.
which are parti:, 'stlrnan 4, show
Tilt* ccitliicafc of incorporation
corni
provides da
-.ponding figures for that
carof Cl 36,910 for tin
substance);
The
preferred
shock
shall
heJ.<yiam! Line and 116 877 *
entitfi d, In prefetence to the
for the National Line."
common stock, to cumulative
v
84, 9 934, 341.
dividends at tin- rate of 7
yearly from the
time of the issue thereof, ami
whenever the prefern d stock shall have re¬
ceived, such dividends for fill such time, or whenever
United Box Board &
all deficit ney or arrears
for all such time snail have-been
declared in dividends ami funds set aside
for payment thereof, and the
company shall have declared dividends <ui
(Halnnrt Sheet.s 0/ F(b. 2N l'.j(i7.y
tlie preferred - l oek a11lie rule
aforesaid for,- licit hist past dividend period, and
shall have st l apart funds for tin*
payment thereof, then dividends.on the
The cin-uiur isMP-d under dutr of
common stock may be
1! iGOTbv lVr-ide/rt
deeinnd, pan able out of any sin plus or net profits
then remaining.
The .preferred slock shall also have a
MitcbelJ and
aid d r< a.-m or Hyatt (\>\ i common stock In
preference over the
distribution ol assets other than profits, unlil tin full
84. p. 87 b; contains tin: foliowin" balance ,-|ie< 1- > par-value thereof, any
and 7 % per annum thereon from the time of
issue, shall
of J(‘b. 2.‘i JUU7:
nave been paid b\ dl\id< mis
or (listritmtion.
The preferred stock .shall not
receive any dividend from
profits In1 excess of 7 Vo per annum, nor any share
i <‘hange
Paper Company.
Sidney
(compare V.
\pnl
Secretary
j
listing
7r‘(i
Apk. 27
995
THE CHRONICLE.
1907.]
In excess of said par value of the amount then
unpaid of such cumulative dividends, but the common stock alone shall
receive all further dividends and shares in distribution.
The preferred and common stock have equal voting power, except that
the property cannot be mortgaged without the assent of two-thirds of the
p-eferred stock outstanding.
The first dividend paid upon the p eferred stock was 2
% on Sept. 30
1903, since when dividends have been regularly paid at the rate of 5 % per
annum.
On Dec. 31 1906 the unpaid cumulative dividend amounted to
inf distribution of assets
•
%•
Organized to acquire several of the leading factories in
engaged In the business of manufacturing tin cans and
22 H
the United States
packages. These
factories wrere acquired practically free from debt, and the properties of the
company are to-day free from debt, except a mortgage of $30,000, which is
not due.
The company operates 39 can factories. 2 detlnnlng plants and 1
machine shop, located in Maine, Massachusetts, New York, Pennsylvania,
Maryland, Virginia, Georgia, Louisiana, Ohio, Indiana, Michigan, Illinois,
Iowa, Missouri, Minnesota, California, Oregon, Washington and Hawaiian
».
Islands.
Factories of the American Can Co. (compare V. 72, p. 582; V. 76, p. 969).
Factories Owned.—Atlanta, Ga.; Chicago, Ill.; Cleveland. Ohio; Daven;
port, Iowa; Detroit, Mich.; “Empire,” Geneva, N. Y.: Fairhaven, Wash.;
“Fisher,” Hamilton, Ohio; “Garrison,” Newark, N. J.; “Hasker & Mar¬
cuse,” Richmond, Va.; "Ilsley,” Brooklyn, N. Y.; Indianapolis, Ind.;
(detlnnlngplant), Joliet, 111.; Lubec, Me.; "Manhattan.” New
York. N.Y.;
“Maryland.” Baltimore, Md.; Maywood, Ill.; machine shop, Maywood, Ill.:
“Miller,” Baltimore, Md.; New Orleans, La.; New Castle, Pa.; “Pacific.”
San Francisco. Cal.;
(detlnnlng), Paulsboro, N. J.; Portland, Ore.;
“Rudolph,” Chicago, Ill.: Savannah, Ga.; “Seneca,” Havre-de-Grace. Md.:
“Somers,” Brooklyn, N. Y.; Toledo. Ohio; “Union,” Hoopeston, Ill.;
St. Louis, Mo. (compare V. 81, p. 669; V. 82, p. 162).
Factories Leased.—Boston, Mass.:
“California,” San Francisco, Cal.;
Cambridge, Md.: “Honolulu," Hawaiian Islands: “Horne & Danz," St.
Paul, Mlnn.7 “Illinois.” Chicago, III.; Kansas City, Mo.; North Lubec.
Me.;
Philadelphia, Pa.; "Wagner,” East Brooklyn, Md.; "Woodcock,”
Chicago, Ill.
The compinv’s factories are fully insured, many of them supplied with
sprinkler equ'pmen , and others are being supplied with sprinkler equipment
as rapidly as possiole.
Principal products; Fruit and vegetable cans, meat and fish cans of all
descriptions, lard palls of all kinds, cans for paints, varnishes, oils and
similar products, collee and spice cans, baking pow der cans, <5cc., syrup and
molasses cans, wax top cans for domestic packing, tin cans witli wooden
jackets for holding oils and bulky liquids, pieced and stamped tinware and
galvanized ware, lithographed and decorated tin boxes and packages used
for the packing of druggists’ sundries, talcum powder boxes, tooth powder
Various cans and packages
boxes, tobacco boxes and similar products.
made from black sheet steel, such as lye cans, powder kegs, <5cc.
There are, in addition, many specialties and other packages, amounting
in the aggregate to a very considerable business.
The company preserves
all the tin scrap and clippings used in the manufacture of its goods, and
collects them at two detlnnlng plants, one at Paulsboro, N. J., and the
other at Joliet, Ill., where the tin scrap is treated by an electro chemical
process, whereby the tin is recovered and the resulting black steel scrap is
made saleable to steel works.
The machinery used by the company is in many cases automatic, intricate
and of a special nature, rendering it desirable that the company manufacture
and control its own special lines of machinery.
This company, therefore,
operates a large machine shop at Maywood. Ill., employing steadily from
The
250 to 300 men in the manufacture and repair of its machinery.
knowledge of such special machinery is therefore confined to the company’s
experts.
[The statements of earnings and balance sheets furnished to the Exchange
are those already published in the “Chronicle" from the company’s annual
reports.]
See V. 84, p. 337; V. 82. p. 332; V. 80, p. 1730; V. 84, p. 510.1
Chicago & Oak Park Elevated Ry.—Xew Trustee.—See
569, 21S. <***
Chicago & Southern Traction Co.—New Securities—New
Control.—The “Chicago Economist” of April 20 said:
Lake Street Elevated RR. below.—V. 84, p.
President W. S. Reed announces that the company has increased it
capital stock from $2,000,000 to $5,000,000 and the bonded debt from
Mr. Reed has sold a controlling Interest In the
$2,000,000 to $5,000,000.
C. J,
property to a Detroit syndicate made up of the following capitalists:
Reilly, C. A. Black, Matthew Slush and J. M. Mulkley, President of tie
Detroit Salt Co.
With the Increased stock and bonds. It Is the intention
to extend from the present main line to various points outside the southern
limits of this city, and also to extend the line to La Fayette. Ind., connecting
there with the Ohio and Indiana lines. The road will be in complete oper¬
ation as far as Kankakee within the next six weeks.—V. 82. p. 217.
M
Chicago Southern Ry.—Financial Plan.—Copies of the
subscription agreement of the underwriting syndicate formed
to complete the Walsh roads, together with the estimates
for the completion of the Chicago Southern Ry., were
made public on April 20.
The syndicate managers are
John R. Walsh, John N. Fait horn, of the Chicago Terminal
& Transfer RR. and Orville E. Babcock.
The syndicate,
as was stated by the Clearing House Committee several days
ago (V. 84. p. 930), is organized to raise $2,500,000 to com¬
plete the road and $1,000,000 of underwriting is offered at
this time.
The subscribers will receive for this $2,500,000 the follow¬
ing securities:
$1,500,000 par value of the 5 % first mortgage bonds of the Chicago Southern,
dated July 1.
$1,000 000 par value of 6 % 10-year debentures of the same railway.
$1.000,000 par value of 4
preferred stock of the Southern Indiana Railway.
cumulative after Jan. 1 1908.
$2,500,000 par value of the $10,000,000 of common stock of the Southern
Indiana Railway, SI ,000,000 to lie used if desired to aid in refunding the
collateral gold notes.
(There are $4,000,000 of these 5 % coupon notes
of the Chicago Southern Ry.
They are due July 1 1907 and are guar¬
anteed by the Southern Indiana Ry.
See V. 81, p. 613 725.)
The
“Chicago Inter-Ocean” of April 21 said:
Of these securities, the stocks are
been put up as part of the collateral
trust notes
the property of Mr. Walsh, but have
for the $4,000,000 of 2-year collateral
of the Chicago Southern, due July 1 1907, which will be refunded
that time by $4,000,000 of that company’s 5s.
This will release the
stocks.
The 5% issue totals $5,500,000, and the remaining $1,500,000 Is
the security which Is to be turned over to the syndicate. The debentures
will be Issued at the same time.
Of the subscription. Mr. Walsh and the former directors of his three
defunct banks—the Chicago National. Home Savings and Equitable Trust
Co. — have taken the bulk of $1,500,000. while of the $1,000,000 on the
market the Clearing-House committee which had charge of the Walsh banks
has agreed to take $250,000
Most of the remainder also is said to have
been subscribed.
The statements which accompany the offer of the syndicate declare that
it will require $922,430 to complete the Chicago Southern.
Of the $2,500.000 to be raised it is planned t<> put aside $1,300,000 to complete the con
stmetion of the road and $1,000,000 to pay off its floating Indebtedness
and for Interest and discounts.—V. 84, p. 930.
at
Chicago Union Traction Co..—Deposits Asked.—A committe
GENERAL
RAILROADS,
INVESTMENT NEWS.
INCLUDING
STREET
ROADS.
Berkshire (Mass.) Street Ry.—Xew Stock.—The Massa¬
chusetts Railroad Commission has authorized this company,
subsidiary of the New York New Haven A* Hartford HR.,
$250,000 additional capital stock, to be offered stock¬
holders at S100 per share, the proceeds to be list'd for paying
floating debt and the purchase of property.—V. 82, p. (591.
a
to issue
Boston
& Northern Street Ry.—.Xew
Trustee.—The
directors have approved the substitution of the American
Trust Co. of Boston, as trustee, in place of the Adams Trust
Co., under the SI5.000.000 refunding mortgage of 1904,
subject to the approval of the appointment by the Massa¬
chusetts Railroad Commission.—V. 82, p. 115,").
-Buffalo
Rochester
&
Pittsburgh Ry.—Bond Issue Ap¬
proved.—The shareholders on April 25 duly ratified the propo¬
sition to make a consolidated mortgage for 835,000,000. the
immediate issue to be S3,000,000.
Compare V. 84, p. 867,
930.
Street Ry., Chicago.—Xew Officers.—
following officers and directors were recently elected:
Calumet Electric
The
President. Ira M. Cobe: Vice-President, J. W. McKinnon: Secretary and
Treasurer, Frank H. Murray.
Directors: L. E. Meyers, B. F. Harris. G. E.
Shaw, J W. McKinnon, Ira M. Cobe.—V. 83. p. 93.
Chattanooga Southern RR.—Receivership.—Judge Pardee
in the United States Court at Atlanta on
W. W. Kent and E. C. Osborne
as
April 23 appointed
receivers for this road
application of the Pacific Construction Co. of California.
Tlie receivership, it is understood, is occasioned by the fail¬
ure of the minority stockholders to accept in sufficient num¬
bers the proposition made by the Louisville tfc Nashville RR.
Compare V. 84, p. 748.
on
Chesapeake & Ohio Ry.—Ronds Offered.—Moffat & White,
Nassau Street, and Procter & Borden, Equitable Bldg.,
New York City, arc* offering at 90 and interest, yielding
4.55% to the investor, $000,000 Potts Creek branch 1st mort¬
gage gold 4% bonds, dated July 1 1906 and due July 1 1946;
interest payable Jan. 1 and July 1.
Authorized issue limited
to
$1 ,000,000; outstanding, $600,000.
Trustee, Central
5
Trust Co. of New York.
A circular says:
Tin* above bonds are a direct obligation of the Chesapeake Cfc Ohio Rail
way Co., seeuied by first mortgage on its Potts-Creek Branch at a rate not
to exceed 525,000 per mile
The unissued bonds are held for
mileage on this line at the above rate per mile of completed road, not
including spurs and second track
The company has built this line, ex
tending from Covington. Va., southwest for a distance of about 25 miles,
for the purpose of reaching an extensive iron ore region containing ore
said to be tin* highest grade found In Virginia.
The road is well
and has no grades of consequence in the direction of the movement of iron
ore and heavy traffic, and It Is
expected that it will be in full operation by
July 1 1907.
Ore contracted for by one Iron company alone will probably
suffice, at prevailing freight rates, to provide sufficient earnings to meet the
fixed charges on the bonds outstanding.
V. 84, p. 626. 270.
additional
located,
ecomposed of Frederick H. Rawson, William N. Eisen-
drath, Wallace Heckman. Edmund I). Hulbert, Azariah T.
Galt. R. Floyd Clinch, George E. Adams. Charles L. Ray¬
mond, R. W. Hosmer. Charles W. Leland and George E.
April 24 called for deposits of stocks of the North
railroads with the Chicago Title A* Trust
Co., under the terms of the recent ordinance.
Mueller Certificate Decision.—See editorial on a preceding
page.—V. 84. p. 930, 803.
Cleveland Electric Ry.—Lines Abandoned.—'The company
on
Tuesday ceased to. operate the lines on Central and
Quincy avenues and began to tear up the tracks, but was
prevented by the police. A temporary injunction was ob¬
tained from Judge Ford prohibiting The Forest City Ry.
from operating the lines.
In order to avoid the injunction,
the Municipal Traction Co. on April 23, it is reported, trans¬
ferred its lease of the Forest City Railway Co. to the Low
Fare Co'., but operation of the lines has not yet been resumed.
Compare V. 84, p. 930, 8677
Cleveland Southwestern & Columbus Ry.—Mortgage Filed.
—This company has filed to the Cleveland Trust Co., as
trustee, its new mortgage securing $10,000,000 of 5% 20vear bonds (subject to call after ten years), issued per plan
under “Cleveland & Southwestern Traction Co.” in V. 83,
p. 1590.—V. 84. p. 748, 569.
Columbus (0.) Railway & Light Co.—New Director,.—
Marey.
on
and Chicago street
David E. Putnam. Vice-President of the Commercial National
Bank of Columbus, has been elected a director to succeed
Charles H. Lindenberg, who resigned.—V. 84, p. 338.
Consolidated Ry.—Merger with N. Y. N. H.
//. RR.—
See New England Investment Sc Securitv Co. below.—V. 84,
507, 102.
Dayton Lebanon & Cincinnati RR.—Sold.—At Dayton,
()., on April 16 this trolley and steam road extending from
Dayton to Lebanon. 35 miles of track, was bid in at foreclos¬
ure sale by J. F. Morley for
E. G. Tillotson, Vice-President
and Manager of the Cleveland Trust Co. and Chairman of
the bondholders’ committee, for $200,000, including $194,000
for the real estate and $6.000 for the personal property.
The bondholders, it is said, will re-finance the property and
complete the road 4 miles from Lebanon Junction to Dayton.
V. 81, p. 1436.
Duquoin Belleville & St. Louis Electric Ry.—Mortgage.—
This company, originally incorporated as the Duquoin Rapid
\
Transit Co., lias made a mortgage to the Carnegie Trust Co.,
p.
—
of
New
Yol’k,
as
trustee, to secure an issue of $2,000,000
20-year 5% gold bonds, dated
Feb. 1 1907 and due Feb. I
1927, without option of earlier redemption; denominations
$500 and $1,000; interest payable Feb. I and Aug. I
it Is said, has a franchise covering; 83 miles of load, com¬
Zelglet. in Franklin County, and terminating: at Belleville.
asstng through Benton. Duquoin and Pinckneyvllle
The officers areV
R. Hayes of Duquoin, President: D. R. Archer, Nice President: T. J.
Howell, 'Secretary, and H E. Ross Treasurer.
"\
The company,
mencing; at
•
996
THE CHRONICLE
Equipment Trusts.—Record in the Past.—See circular
under Mobile & Ohio RR. below and
compare editorials in
V. 81, p. 1760; V. 82, p. 361,
839, 873, 1296.
Great Northern
Ry.—Interest
on
pany, referring to the interest at
it on all installments paid to
$60,000,000
Subscriptions.—The
com¬
5% per annum allowed by
May 1 1908 on account of the
stock, gives notice'that,owing to the small
accruing between April 9, when the first
installments were payable on
subscriptions under the terms
of the amended circular
(V. 84, p. 803), and May 1, when
interest whs payable
according to the original circular of
Dec. 11 last (V. 83, p. 1469),
payment of interest accrued
May 1 will be deferred to Nov. 1 1907, when it will be
paid,
together with the interest accruing from May 1 1907 to Nov.
1 1907.—V. 84, p. 803, 749.
Illinois Iowa & Minnesota
RR.—Meeting Adjourned.The meeting to authorize the consolidation with
other lines
under the name of the Milwaukee Rockford
& Gary Ry.,
which was to have taken
place on April 25, was, it is reported,
adjourned for 30 days. Compare V. 84, p. 508.
Lake Shore & Michigan Southern
Ry.—Debenture Syndi¬
cate Dissolved.—The
syndicate headed by J. P. Morgan & Co.,
which underwrote the $35,000,000
25-year 4% debenture
bonds issued in February 1906
(V. 82, p. 392) will be dissolved
on May 1.
The “Wall Street Summary” says:
new
amount of interest
Participants In the syndicate
purchased the bonds at the time at 98 H
and Interest.
The bonds were a part of a
$50,000,000 authorized Issue.
It Is understood that the syndicate
disposed of only a small part of the
bonds, and the balance will be turned over to the underwriters
on the date
mentioned.—V. 84, p. 753, 744.
[VOL.
merged Into the N. Y. N. H. & H. RR
held May 31.
,
a
LXXXIV
meeting for that purpose to be
Assess.—See President Mellen’s letter of Oct. 16
1906
under “Worcester
Railways & Investment Co.” in V. 83,
p. 1100.
(The company’s holdings of Worcester Railway &
Investment Co. stock has since been increased from
shares to, it is said, about 64,000
71.898 shares.—Ed.)—V.
shares, out of
36,971
a
84,Jp. 570.
total of
National RR. of Mexico.—Listed.—The New York
Stock
Exchange has listed $42,600 additional 5% non-cumulative
preferred stock, making the total listed to date
$22,031,600,
with $201,700 further additional to be
added from time to
time prior to Nov. 1
1907, making the total authorized to
be listed $22,233,300.
I,82
Earnings for Half-Year ending Dec. 31.
Gross earnings
Net earnings
1905.
Mex. Cur.
U. S. Cur.
$6,645,375 *$3,322,687
2,483,038
1,241,519
1906.
Alex. Cur.
U. S. Cur.
$7,379,959
2,686,898
Deductions—Taxes ($14,912), rental Mich. & Pac.
($12,423)_
$3,689,980'
1,343,449
27,335
Balance
$1,316,114
Other Income—Int. ($149,980), dlvs.
($212,803), mlsc. ($29,250)
392,033
Total net Income
Deduct—Int. on bonds ($1,005,480) and
gold notes
Six mos. prop, cost
extending 5% gold notes.
Six mos. proportion discount on
bonds sold
Balance, surplus for half
—V. 84, p. 339.
year
$1,708,147
($212,500)..$1,217,980
34,384
A
6,946
$448,837
New Orleans Railway &
The Inter-State Trust &
Light Co.—Debentures Offered.—
Banking Co. of New Orleans, the
trustee for the issue, is
offering for sale $500,000 of this comLake Street Elevated RR.,
4pany’s
Chicago.—Resignation of Mort¬ dated new $5,000,000 5-year 6% gold debenture notes,
gage Trustee.—The Equitable Trust Co. of
Chicago, as suc¬ from May 1 1907 and due May 1 1912, but subject to call
cessor June 24 1898 to the Farmers’
May 1 1908 to May 1 1910 at 103, and on May 1 1910
Loan & Trust Co., as
and any interest day thereafter at
trustee under the mortgage of
April 7 1893, gives notice by
101; denomination $1,000;
interest payable Nov. 1 and
advertisement of its resignation from the
May 1. The proceeds are to
trusteeship,
to
take
be used in the business of the
effect July 1 1907 or earlier if a new trustee shall be
company and for no other pur¬
appointed.
—V. 78, p. 1549.
pose.
So long as the debenture notes remain
unpaid, no
new
mortgage or lien of any kind shall be placed upon the
Ry.—Sale.—See property.—V. 84,
p. 868, 339.
Ry. above.—V. 84, p. 390.
New Orleans Terminal
Missouri Pacific Ry.—Equipment Securities
Co.—Offering of Guaranteed Notes.
Offered.—The
equipment bonds and certificates which were described in —Potter, Choate & Prentice, New York, having sold about
the “Chronicle” last week
(p. 931) have mostly been placed. three-quarters of the issue of $2,500,000 2-year 6% gold
notes, dated April 10 1907 and due April 10 1909, are offer¬
Tailer & Co., 27 Pine St., are
offering the unsold maturi¬ ing the remainder
at par and interest.
The Trust Co. of
ties, amounting to about $500,000, by advertisement on
America, New York, is the trustee for the loan, and the
another page of this issue, at
prices to yield the investor notes are
about 5^o%. ' Compare V. 84,
guaranteed, jointly and severally as to principal
p. 931.
and interest, by endorsement on
each, by the Southern
Mobile & Ohio RR.—Offering of
5% Equipment Notes Guar¬ Railway Co. and the St. Louis & San Francisco
anteed by American Car Ac
RR., as well
Foundry Co.—The Mississippi Val¬ as secured by a deposit with the trustee of
$4,000,000
New
ley Trust Co. and Francis Bros. & Co., both of St.
Louis, Orleans Terminal Co. first mortgage 4% bonds. See
are offering, at
prices to yield the investor 5%% interest, advertisement on another
page of this issue.
$1,291,000 5% equipment notes, dated Oct. 1 1907, matur¬
Abstract of Letter from President C. C.
Harvey, New Orleans, April 12 1907
ing serially until Oct. 1 1914. Denomination $1,000. Cou¬
In New Orleans the
company owns
consecutive blocks In the heart
pon notes.
Interest payable semi-annually April 1 and Oct. of the city, lying between Bernadotte 49
St., Basin St., Bienville Av., St.
Louis
St.
and
Canal Carondelet, with the right to
1. Principal and interest
lay tracks through Basin
payable, at option of holder, at St. to Canal St., where
a passenger station is to be
erected, a site that can
office of the trustee, the
not be surpassed In the
city.
Mississippi Valley Trust Co., St.
There have already been constructed the
following modern first-class buildings: One
Louis, or at the Guaranty Trust Co., New York
three-story brick freight office
Tl\e building, seven freight brick sheds, drip sheds,
stock pens, round house,
American Car & Foundry Co. guarantees the City.
repair shop, stables, warehouses and other buildings for
of
payment
handling freight.
-The main line of track extends from
these notes.
(See advertisement on another page).
Shrewsbury
to Port Chalmette, a
distance of 14.2 miles, making a connection at
The above issue of notes will be
Shrewsbury
the Illinois
ready for delivery on or Central RR., the Yazoo & Mississippi Valley RR. and the with
Louisiana Rail¬
about Oct. 1 next, and
way A Navigation Co., at Pontchartraln
pending delivery of the definitive Nashville RR., at Terminal
Crossing with the Louisville &
Junction with the New Orleans & Northeastern
notes temporary certificates of the
RR. and the New Orleans-Great Northern
Mississippi
Valley
Trust
RR., and at Port Chalmette
Co. will be issued,
the Louisiana Southern Ry.: a branch line
exchangeable for notes on and after Oct. 1 with
from the East City switch
extends to
Lewiston Brunswick & Bath
Lewiston Augusta & Waterville
Street
.
1907.
The issue will mature in semi-annual
follows: April 1 1908 to Oct. 1
installments
1909, $94,000; April and
Oct. 1 1910, $93,000; April 1911 to
April 1912, $92,000.
Oct. 1912 to Oct. 1913,
$91,000; April and Oct. 1914, $90,000.
A circular says in substance:
as
•These notes are a direct
obligation of the Mobile & Ohio RR., secured
by.a first lien upon the cars purchased from the
American Car & Foundry
Co., viz.: 1,000 thirty-ton box cars and 750
forty-ton gondola cars, for
which
payment will be made 15% In cash and the
remainder In the above
• The
American Car & Foundry Co. will
guarantee the payment of
these notes, and said
guaranty will be deposited with the trustee for the
notes.
note-holders
We especially Invite the attention of
Investors to the superiority of car
trust obligations as a security due
mainly to the fact that they are secured
on the rolling
stock, which Is a necessity for the operation
of the road,
and therefore are generally
recognized as an obligation that has to be
provided for underbuy conditions, as evidenced by the fact that
there are
at the present time the
following roads In the hands of receivers, Cincinnati
Hamilton* Dayton Railway Co.,
Pittsburgh Shawmut & Northern Rail¬
road Co. and Pere Marquette Railroad
Co., all of which have oustandlng
equipment obligations which are being provided
for, both principal and
Interest, according to their tenor.
The
railroad companies re¬
organized between 1888 and 1905, either following
with or without foreclosure
pro¬
ceedings. all had outstanding equipment obligations, which In
every ease
were provided for
promptly, both principal and Interest, although all other
securities, with few exceptions, were reduced In rate or
amount:
Topeka & Santa Fe RR., Baltimore & Ohio RR., Central Railroad Atchison
& Bank¬
ing Co. of Georgia, Chesapeake & Ohio RR., Columbus
Hocking Valley &
Toledo Ry. (now Hocking Valley RR.), Kansas
City Pittsburgh & Gulf
RR. (now Kansas City Southern
Ry.), New York Lake Erie & Western
RR. (now Erie RR.), Northern Pacific
RR.. Philadelphia & Reading RR.,
Richmond * Danville RR. and Georgia Pacific
Ry. (now Southern Ry.),
Savannah Americus & Montgomery Ry. (now
part of
Toledo St. Louis & Kansas City RR. Co. (now Toledo Seaboard Air Line),
St. Louis & Western
RR.). Union Pacific Ry.
The following railroads, after
paid their equipment obligations In full, or offered the foreclosure, either
holders an advan¬
tageous exchange of securities, which amounted to
more than payment In
full: Denver & Rio Grande
Ry., Norfolk & Western Ry.—V. 84, p. 52.
New England Investment &
Security Co.—Stock Offered.—
Mackay & Co., Boston and New York, are
offering at 92]/>
anti accrued dividends,
yielding the investor 4.32%, a limited
of
amount
the present outstanding
$10,000,000 4% preferred
stock (tax exempt in
Massachusetts), about $7,000,000 of
which, it is said, has already been placed with the public.
*
The
preferred dividends
are
guaranteed by the Consolidated
Railway Co.,
which owns the entire 100,000 shares of
common stock (no par
value) I
and further protected by
a
three-party agreement between the New
England Investment & Security Co., the Consolidated
Railway
Co.
and
the New York New Haven & Hartford RR.
Compare V. 83, p. 492, 1102.
1474.
The Consolidated Railway
It
Co..
Is
understood, will shortly be
Canal St., 3.9 miles.
The whole line, Including double
track;
sidings and connecting tracks, aggregates 63.4 miles.
Of the main line
and sidings there are 10.45 miles laid
with 85-lb. rails, the balance with
60-lb. rails.
The main line Is ballasted with
furnace slag or cinders, with
the exception of five miles, which is
surfaced on river sand.
There Is in course of construction (now
about 65 % completed) the Chal¬
mette Slip, which will afford
anchorage for nine average ocean steamers.
The slip will be 1,500 feet In
length, 300 feet In width and have a
of 30 feet at low water.
There will, be fire-proof warehouses on eitherdepth
side,
which are nearly completed.
The receiving and shipping yard, In con¬
nection with the slip Is planned to have 20
miles of side track.
The river frontage of the
company at Chalmette extends along the east
bank of the Mississippi
River, about 2 4 miles.
The property runs back
a considerable distance
and consists of about* 5,500
acres, much of which
Is admirably adapted for the
location of Industries.
At the present time
there Is In operation at Port Chalmette a wharf
2,000 feet long, with a shed
feet long: one 500,000 bushel
capacity grain elevator with electrical
power house, besides 80 brick warehouses and an
assorting shed.
The
rolling stock consists of:
7 Mogul engines, 8 6-wheel switch
engines.
69 flat cars, 3 box cars, 1 oil tank and 5
coaches.
Double-track steel bascule lifting
bridges have been constructed over
the new Basin Canal and
Bayou St. John, and there are steel bridges over
all other drainage canals with the
exception of the 17th St. canal, where
there is a wooden trestle.
It Is proposed to erect at once on
Basin St.,
fronting on Canal St., a handsome passenger
depot 82 feet wide and extend¬
ing back 235 feet, with a train shed 700 feet
long
82
and
feet
wide.
The
first floor will be used for
public utilities and the second for our general offices.
The proceeds of the $2,500,000
2 year 6% notes sold to
you are to be
used for the construction of the
proposed passenger terminal, and the com¬
pletion of the Chalmette Slip, and the other
Improvements now In course
of
construction.—V. 84, p. 931.
New York New Haven & Hartford
RR.—Application to
List.—Application has been made to the New York Stock
Exchange to list $3,254,500 additional capital stock, making
the total amount to be issued and
authorized to be listed
under this and previous
applications $99,069,000; also
$13,911,000 Providence Securities Co. 4% 50-year guaran¬
teed gold debentures of 1917.
Valuation of System.—John F.
Stevens, who recently re¬
signed as Chief Engineer of the Panama Canal Co., will, it
was announced* on
Monday, “supervise some special work
for the company.”
This is supposed to be the placing of a
valuation on the
property.
of Consol. Ry. Co.—See Newr Eng¬
land Investment &
Security Co. above.—V. 84, p. 931,804.
North-East Texas Ry.—Receivership.—Joint Receiver W.
J. Moroney, under date of
Dallas, Tex., April 18, has ad¬
dressed a letter to the creditors of this
road, which extends
Shares
Offered-Merger
6091
Ape. 27
Redwater to Munz, Tex., 18>4 miles, and also to the
creditors of the Redwater Lumber Co., saying in part:
On April 13 1907 Harry Munz of Texarkana. Tex., and myself were apolnted co-receivers of the above-named companies by' Hon. E. B. Muse,
udge of the Forty-fourth Judicial District Court of Dallas County. Tex.
Both these companies are owned by the same stockholders, and together
constitute one plant, and for practical purposes they may be considered
one company.
The principal assets are a saw and planlng-mlll plant,
railroad, standing timber, logging outllt and a large amount of valuable
lands, aggregating $515,311, according to a conservative appraisement re¬
cently made by experienced and disinterested experts.
This does not in¬
clude notes, accounts and sundry other Items of uncertain value.
from
that the liabilities will not exceed $150,000, of which more
A receivership became necessary'
secured by sundry’ mortgages.
mainly because a recent Are so damaged the company’s sawmill that opera¬
tions were suspended and all Income ceased.
I nave assurances from men
of known responsibility' that they are willing to purchase a sufficient in¬
terest to pay all debts as soon as the exact condition of affairs can be cer¬
tainly ascertained and other necessary details arranged.
I am advised
than half Is
North Chicago Street RR.—Deposits.—See
Traction Co. above.—V. 83, p. 1524.
Chicago Union
Ocilla & Valdosta RR.—Sale.—This road,
extending from
Ocilla, Ga., to Eroxton, 25 miles, and
Fitzgerald, has been purchased by a
by H. C. McFadden.
The new management
until a new charter can
Hazlehurst & Savannah
under construction to
syndicate represented
“Savannah News” of April 17 said:
took charge Monday, and will operate temporarily,
be secured, under the old charter of the Broxton
RR. The use of the present charter will be Im¬
practicable because the section of the road from
sold recently to the Georgia & Florida Ry.
Broxton to Hazlehurst
was
Philadelphia & Western (Electric) RR.—Foreclosure Sale
May 20.—The Trust Company of North America, Philadel¬
phia, which was recently appointed trustee of the SI5,000,000
bond issue in place of the Mississippi Valley Trust Co. of
St. Louis, gives notice that the property will be sold at
Every share of
auction at West Chester, Pa., on May 20.
stock and every bond is in the possession of the syndicate,
headed by Mackay & Co. and Wm. C. Sheldon Ac Co. of
New York.
The foreclosure proceedings are merely a matter
of form, with a view to the readjustment of the capitaliza¬
tion.
The St. Louis interests, it is understood, have sold
most of their holdings.
The financial plan has. not been
definitely settled, but Joseph S. Clark, Second Vice-President
and General Counsel for the Trust Company of North
America, is quoted by the “Philadelphia Ledger” as follows:
Of the authorized Issue of $15,000,000 first mortgage bonds $2,149,000
worth are outstanding (In the hands of the syndicate.—Ed ).
Besides this,
there are debts of $1,500,000.
The company Is capitalized at $900,000.
This will be increased to between $3,000,000 and $4,000,000.
About the
same amount of the proposed authorized Issue of $50,000,000 bonds will
be
actually Issued.
The company was
incorporated in 1902 to construct a
double-track third-rail electric line between 63d and Market
streets, Philadelphia, and Parkersburg, Pa., a distance of
about 45 miles.
About 12 miles of double-tracked road
the syndicate intends to push
which will probably be more
intended.—V. 82, p. 693.
Portland (Ore.) Railway & Light Co.—Mortgage.—This
company has filed a mortgage to the Trust Co. of North
America, Philadelphia, as trustee, to secure an issue of
815,000,000 general mortgage bonds, of which it is proposed
to issue only $1,500,000 at present, these to be used as col¬
will be opened early in May and
the completion of the system,
extensive than was originally
lateral to secure an issue of
of $1,000 each dated March 1,
$1,000,000 3-year 5%
1907.—V. S4,
p.
notes
749. 627.
Providence Securities Co.—Application to List.—See New
York New Haven Ac Hartford RR. above.—V. 83, p. 1525.
Raleigh & Southwestern Ry.—Mortgage.—A mortgage
has been filed to secure $1,500,000 of 4% bonds to provide
for the building of a road from a connection with the Piney
branch of the Chesapeake Ac Ohio at or near Raleigh Station
up the Piney River and tributaries, thence down any tribu¬
taries of the Guyandotte River in Raleigh or Wyoming coun¬
ties: also from near Raleigh Station up Beavers Creek,
thence into the valley of Glade Creek or any of its tributaries.
The project is currently reported to be a Chesapeake Sc Ohio
enterprise.
Rapid Transit in New York City.—No Bids Received for
New Subways.—No bids were received by the Rapid Transit
Commissioner on April 25, the time appointed for the opening
Compare
of bids for the construction of the new subways.
Interborough Rapid
V. 84, p. 869.
President Shouts, of the
Transit Co., however, wrote a letter offering to
and equip at cost under proper conditions two
of the present system, one on the west side from
Street to the Battery, and the other on the east
construct
extensions
Forty-second
side from
Forty-second Street to the Bronx, provided a reasonable
return on the company’s investment is ensured.
See “New
York Times” of April 26.—V. 84, p. 869.
Rio de Janeiro Tramway, Light & Power Co.—No Light¬
ing and Power Competition.—The “Chronicle” recently
published a statement, furnished to it by a prominent manu¬
facturing concern, as holder of a contract for furnishing sup¬
plies, “from which it appeared that a rival concern had
been granted a concession for supplying light and power in
the City of Rio de Janeiro, the false impression being no
doubt occasioned by the confounding of the State of Rio out¬
side of the Federal District, which includes the City of Rio
de Janeiro, with the City of Rio de Janeiro itself.
General
Counsel of the company, Z. A. Lash, has issued the follow¬
ing detailed denial:
that Gaffre and Gulnle had obtained a concession for lighting
the city of Rio de Janeiro Is absolutely false. This report was
officially denied In London and Fails after receipt of a cable from the VicePresident and General Manager of the company in Rio de Janeiro.
This
table stated that Gaffre and Gulnle have not obtained any concession In
the Federal district. iThe Minister of Industries, Traffics and Public Works
The report
and power In
1197
THE CHRONICLE
1907.1
in Rio de Janeiro, on being applied to, confirmed the above statement.
Gaffre has been granted a franchise by the State of Rio de Janeiro for some
water-power development, but this franchise does not apply to the Federa
district and has no connection with the city of Rio de Janeiro any more
than a New York State franchise for Buffalo would apply to New York City.
The Rio de Janeiro Tramway, Light & Power Co. has the absolute
monopoly for lighting, which was confirmed by the Supreme Court a year
It also has the monopoly for the transmission and distribution In the
This
city of Rio of electric power, generated by water power, until 1915.
has never been questioned.—V. 84, p. 932, 804.
ago.
Sao Paulo Tramway, Light & Power Co.—Report..—Re¬
sults for calendar year and 3 months ending March 31:
Year.
Gross.
Net.
Cliarges. Dirs.(8%) Bal.,sur.
$2,018,704
$359,882
$408,311
$1,368,163
$599,970
1905..
3 mos.
1906
—-V. 83, p.
1,908,405
1,273,832
$479,797
420,871
$158,125
86,605
311 205
363,033
399.594
J
1412.
St. Charles & St. Louis County Bridge Co.— Foreclosure
Suii.—At Clayton, Mo., on April* 17 the Commonwealth
Trust Co."of St. Louis, as trustee, under the $400,000 mort¬
of 1904, brought suit for foreclosure and the appoint¬
a receiver upon request of holders of $160,000 of
bonds, no interest having been paid thereon.
gage
ment of
the
The bridge Is a highway and trolley structure, 2,700 feet In length, ex¬
tending from St. Louis to St. Charles, having been built primarily to bring
the St. Louis St. Charles & Western (electric) RR. across the Missouri
River.
The Midland Bridge Co. of Kansas City, Mo., which constructed
the bridge and which secured a judgment and mechanics’ lien against It
for nearly $18,000, Is made a defendant.—V. 78, p. 703; V. 75, p. 78.
Indiana Ry.—Financial Plan.—See Chicago
Ry. above.—V. 84, p. 932.
Terre Haute Indianapolis & Eastern Traction Co.—Bond
Issue.—A mortgage has been filed to the Fidelity Trust Co.
of Philadelphia, trustee, to secure, it is said, an issue of
$10,000,000 25-year bonds dated April 1 1907.—V. 84, p. 869.
Toledo Railway & Terminal Co.—Foreclosure Sale May 28.
—Notice is given by advertisement that the foreclosure sale
will take place in Toledo on May 28.
Upset price $2,000,000.
—V. 84, p. 932, 627.
Trinity & Brazos Valley Ry.—Bonds.—Application was
made on April 13 to the Texas Railroad Commission for au¬
thority to issue bonds to the amount of $1,500,000 on 14
miles of completed road into Waxahachie, and including
improvements not heretofore valued by the Commission on
the remainder of the company’s lines south into Houston.
Southern
Southern
The “Houston Post” said:
from Waxahachie to Houston, a
already completed the line from
to Fort Worth, using the Santa Fe tracks from Cleburne to Fort
120 miles.
They will also use the tracks of the Katy from Waxa¬
This will complete the line of that road
distance of 220 miles.
The company has
Teague
Worth,
hachie and Dallas and will be operating trains between these points on or
about June 1 1907.
This company has shortened the distance 13 miles between
and
Fort Worth, and has caused the fare on other roads to be correspondingly
Houston
reduced, and has shortened the mileage
V. 84, p. 509,
In various points In North Texas.
Virginian Ry.—Merger Approved.—See Deepwater Ry.
627.
Wabash RR.—Listed.—The New York Stock Exchange
has listed $368,000 additional first lien 50-year 4% terminal
coupon bonds due 1954, making the total listed $3,923,000.
Earnings.—For eight months, ending Feb. 28:
above.—V. 84, p. 694,
Net
Other
Sundry Improv'ts, Bat..
First
Earnings. Income. Charges. Accts.
Equip.,&c. Sur.
8 mos.—
$
$$
$
$"s$
$
1906-07. IS.236,963 5,440,125 775,595 4,371,413 16,290 1,700,000 128,015
1905-06. 16.675,260 4,755,045
—V. 84, p. 932, 869.
Gross
Earnings.
Washington Baltimore & Annapolis Electric
Ry.—Con¬
tract.—See report of United Railways Sc Electric Co. under
“Annual Reports” on a preceding page.—V. 83, p. 1525.
West Chicago Street RR.—Deposits Called For.—See
Chicago Union Traction Co.—V. S3, p.
1349.
Railways.—Earnings.—The Municipal Sc Cor¬
poration Securities Co. of Pittsburgh, in recently offering a
block of the first mortgage 5% bonds of 1905, reported earn¬
West Penn
ings
as
follows:
Cal. Yr.—
1906
1905...
—V. 84. p.
Gross.
..$1,409,493
1,060,238
451.
INDUSTRIAL,
Net.
$635,517
480,480
GAS
Bond Int.
$378,322
326,675
AND
Pref. Dlv.
Bit., Sur.
(5%)$137,500 $119,695
153,805
MISCELLANEOUS.
Albemarle & Chesapeake Canal Co.—Possible Purchase by
United States Government.—The Congress which recently
adjourned passed a “river and harbor bill” in which recog¬
given to the project for the establishment of a
public inland waterway between Virginia and North Carolina.
The “Scientific American” of April 13 says in part:
The reports of the engineers making the surveys authorized by the Acts
nition is
decided
that the
These two
routes are known as the Albemarle & Chesapeake Canal and the Cooper*
Creek routes, respectively, the former contemplating the purchase of the
Albemarle & Chesapeake Canal which connects Chesapeake Bay via Eliza¬
beth River with Currituck .Sound: and the latter neglecting the purchase
of that canal and digging a new one from Elizabeth River to Cooper Creek,
a branch of the Pasquotank River
which Is an arm of Albemarle Sound.
With the purchase price of the already existing Albemarle & Chesapeake
at
a
canai
figure not exceeding $500,000, the former Is recommended.
If the price asked Is higher, the latter route Is recommended.
While no
expression of opinion which Is In any way official can be obtained from
the canal company, it seems to be the general Impression that the amount
of 1902 and 1905 considered carefully all available routes, and
that two were so nearly equal In advantages and disadvantages
monetary consideration alone should form the deciding factor.
named Is sufficient to make the purchase assured.
As the project stands at present, the surveys have
$550 000 appropriated to do the work on the third division;
lower end of the route.
This Includes four miles of solid excavation from
the Neuse River to Beaufort Inlet through Core Creek—the only solid ex¬
cavation necessary in the entire route. If the Albemarle &
Canal forms a part of It.—V. 77, p. 331
all been made, and a
that Is, the
Chesapeake
Albuquerque (N. M.) Gas, Electric Light & Power Co.—
New^Stock.—This corporation tiled at Santa Fe, N. M., on
%
998
March 26
000 to
THE CHRONICLE.
a
certificate of increase of
$500,000, of which
capital stock from $200,part is preferred.
a
Bergner & Engel Brewing Co., Philadelphia.—First
Pay¬
on
Deferred Dividends.—The directors on April 20
declared the usual semi-annual dividend of
4% on the $1
American Gas & Electric Co., New York.—First Dividend.
—The directors on April 22 declared
regular
ment
quarterly divi¬
dend Xo. 1 of 1}
2% on tin* outstanding SI .200,000 preferred
stock for the quarter
ending May 1 1907. and an additional
dividend at the rate of
6% per annum from Jan. 16 to Feb. 1
1907, pavable Mav 1
1907 to stockholders of record
523,900 preferred stock, and, in addition, a deferred semi¬
dividend of 4% on the preferred stock,
payable
May 1 to stock of record April 20. This is the first
payment
on account of the
36% of dividends which accumulated in
1900-1904.
The floating debt was
paid off last year. Com
pare V. 83. p. 1522.
annual
April
Earnings oj Company Whose Assets HV/v Purchased.—See
Electric Co. of America below.—V. 84.
p. 222.
American Ice Securities Co.—Amendment
oj Charter.—The
(B. F.) Berry Coal Co., Detroit, Mich.—Sew Ponds
()jjered.—As stated last week, the Detroit Trust Co.,
Detroit,
Mich., is offering at par and interest the entire issue of
$200,000 first mortgage
6% coupon gold bonds of $1,000 each.
stockholders will vote on April 29 on
authorizing changes in
the certificate of
incorporation, giving the company, among
other things,
to
authority
as
follows:
To manufacture, pat her, harvest,
buy and sell ice'at wholesale and retail:
acquire
by purchase, lease or otherwise, and operate, sell, trade and deal
in all kinds of ice-manufacturinp
plants, iee-makinp machinery. &c., and
deal in coal, wood, lumber,
bulldinp and builders' material; to acquire by
purchase or lease and construct and operate plant,
machinery and appliances
for the distillinp of water, and
peneraUy to carry on the business of buying,
and sellimr water, including natural,
mineral and other waters: to acquire’,
own, equip, operate and dispose of
steamboats, steamships and vessels
of every description, and to deal In
andtlispose of merchandise and com
modlties of all kinds.
Similar powers to those above named are
possessed by the
American Ice Co.. the present
operating company, and it is
supposed the step to be taken is to provide for tin* merger
of the old
company when the consolidation can be made ac¬
cording to law. a> well as the acquisition of other
properties
when deemed desirable.—V.. 84.
p.
933, 750.
tunity of acting
American Silk
Albany
on
Co.—Merger.—This
April 10 with
preferred stock and
stock.
The company is organized for
the purpose of acquiring about 30 silk
mills, located prin¬
cipally in Pennsylvania, and it has acquired a
controlling
interest
Security for mortgage: (1) 80 acres of surface near Granville, Putnam
Co.,
Ill., with store, shaft, tipple, coal-washing plant,
shop and miners’ houses,
dee.: (2) a lease running till July 31 1945 from
the St. Paul Coal Co. (a sub¬
sidiary of the Chicago Milwaukee & St. Paul Ry.
Co.), covering 2,560 acres
of coal land located in Putnam
County, III.: (3) valuable contracts to be
assigned to the trustee: (a) for the sale of 2,000,000 tons
T^-lnch lump coal
to the Chic;*"' Milwaukee & St.
Paul Ry.; (b) with the Chicago
Portland
Cement Co. fo the sale of 840,000 tons of raw
slack.
F. A. Ray, a
mining
engineer, estimates that the property contains
11,520,000 tons of mer¬
chantable run of mine coal, and will give a
yearly output of 300,000 tons.
"The company also has erected a
coal-washing plant with a capacity of
washing 60*) to 1,000 tons of coal per day.
Total valuation of mine, mining
plant and coal washer, $452,850.”
has been elected
a
director.
Earnings.—The “Philadelphia News Bureau” of April 10
j had the following, which is pronounced
approximately
j
1 correct:
i
F.arninus of the
Constituent
•
;
Properties for Calendar
■I.G. Brill American
(to.
Sales
Net earning-_
Other income
.
-
...
.
G.C.Kuhl-
('arc 'o.
Year
1906.
.7.Stephen
* Wasuu
ma n( 'ar('<>.
son ('o.
JI fp. Co
$3,810,974 $962,484 $1,053,992 $1,080,894 $967 155
$401,035 $159,268
$170,348
$159,283
$46,781
78.461
325
725
....
Net in come.
Bond Interest
$479,496 $'.59,268
■:
$170,348
180,000
Surplus
$159,608
2 ),()()()
.
Dividends
common
in tin
i
company, incorporated !
nominal capital of $1,000,
its capital to $6,250,000, of
a
filed a certificate increasing
whi h $2,750,000 is
7% cumulative
$3,500,000
j
!
Surety companies a*-e now limited by the United States (1 jvernmeut
from
taking any single risk exceeding Id % of capital and surplus without reinsuring.
This company has alreadv the
nec?ssa-y
at
These* bonds are dated April 1 1907 and
payable in ten annual install
ments, but are subject to redemption at 103
April 1 1908, or on
date thereafter.
Interest payable April 1 anti Oct. 1 at office ofany Interest
the Detroit
Trust Co., whose President. Alexander
McPherson, is the mortgage trustee.
The principal stockholders are
Benjamin F. Berry and Stanford T. Crapo
of Detroit.
(J. G.) Brill Co., Philadelphia.—Dividends Begun on Both
Stocks.—The directors on Tuesday declared initial dividends
of 1 % %
on the preferred and 1% on the common stocks,
payable May 1 and June 1 respectively. These distribu¬
tions are understood to be
quarterly. though it was not
officially so stated. They are paid on $5,000,000 of each class
of stock.
The old J. 0. Brill
property paid dividends
steadily since its organization in 1869.
j
Sew Director.—^Francis E. Bond, of E. B.
Smith & Co.,
American Pneumatic Service Co.—Amendment
oj Charter.
—The stockholders will vote on
May 1 on amending the
company’s charter so that it shall have the power to re¬
insure the bonds of others given to secure the
performance of
contracts in the course of its business.
President Dillaway
in a circular says:
authority to carry on
this business under the laws of the United
States, and now has the oppor¬
as a re insuring
company on surety bonds of the highest
class and of the least risk, without tne
Investment of any money or the
employment or tying up of any ol its active capital, or
using any of Its
present earnings.
Jf we are successful in getting this additional business
It promises a large increase In our
proiits.
The amendment of the charter
last September *V. 85. p 494» so as to
permit the company to act as surety
on the bonds of its
subsidiary companies having contracts with the United
States'
-“‘<u!ted in a saving of over $18.odd
per year in premiums. —
V. 84, p. 869.
LXXXIV.
have not been made public, but it is
unerstood to bfe the intention to
bring
about closer relations and to provide
funds for extensions to take care of the
rapidly growing electric light business.
There have been rumors from time to time of
the sale of the telephone
and electric plants, but they have
always been denied by those In authority.
—V, 82, p. 283.
Annual pas output about 20,000,000 cubic
feet; No. of meters, 1,200:
miles of pas main, about 15; electric
department capacity, 250 arcs and 30,000 Incandescent
lamps. “The company is a close corporation—held by”
four people—nothinp offered for sale.”
Pres., \W S. Illff; Sec., C. K. Dur¬
bin; Treas.. O. S. Moore.
25 1907.
[VOL..
35,000
35,000
21.000
$299,496 $121,268
$135,348
$118,608
$47,506
250
39 000
$8,256
Statement of VVason Manufacturing Co is for
calendar year 1905.
For
the year 1906 the company
reports its net proiits at "between $65,Odd
and $70,000.”
*
New
York 8iik Manufacturing (to. (V.
81,
p. 1608. 1016). owning and operating mills at York.
Carlisle, i
Approximate Results for Mew Coni pa ny on Basis
Fleetwood and Kutztown. Pa.: tin* Monarch .Silk Co.,
of 1906.
with
Gross earnings..
mills at York: tin* American Silk Co. of
$8-t000,000i Rref. dividends. 7%
.$350,000
Net
Income
Pennsylvania, with j
1,040,0001 Balance (13.8% on com.).. 690,oon
mills at Reynoldsville: also the Clifton Mills and the
'l'lu; total net cannings of tin* Brill Co.
business
and Its subsidiaries for the
of Roger- A
year
1906 were $1,001,897.
This amount, after providing for
Thompson, .-ilk.-. Bond Lssie. if any. not; on
7% dividends
tin* new preferred
kno wn.
stock, would leave a surplus of over 12 % on the
$5,000,001) common stock.
The only bonded debt Is the
issue of $400,out)
A statement published
mortgage 5% bonds of John Stephenson Car Co,
by the “Journal of Commerce and Wist
(V. 72, p. 187.)
The
,----
stantiallv
on
correct, says:
April 13, which i- pronounced sub- j
It Ik suited that when the
present plans are completed the company will
iiave a capitalization of $10,500,000 of 7 %
cumulative preferred and $12,000.000 of common stock, a large
part of which has already been under
written.
The Clifton Mills and the business of Rogers &
Thompson, manu
facturer so fthe famous "Rajah” and "Bond”
silks, have been acquired,
and will be taken over within a few
days, and the remaining factories,
ail of which are modern,
vvil) be taken over as rapidly as pending arrange
ments can be completed.
The preferred stock issue is not to exceed
$700 for each weaving loom
and $350 per loom for spinning and
throwing, Including dyeing, finishing
and printing plants, real estate,
buildings
and complete equipment, and
$500 per loom for working capital.
The company will have in addition
ample cash working capital to purchase raw material at the best
prices ob
tainable, and to manufacture and sell its production on a
large scale.
Matthew G. Collins, General Manager of the
York Silk Mills, will be
tne
Manage/.
H. W. Bennett
enterprise.
A Oj. of 20 Broad St.
The Knickerbocker Trust Co.
are
its
promoting tin*
registrar.
American Strawboard Co. — Balance Sheet.—-See
United
Box Board A Paper Co. under “Annual
Reports” on a pre¬
ceding page.—V. 84, p. 750. 692.
American
000.000 5%
Telephone & Telegraph Co. -Payment oj $20,Wyear Cold ('oupon Soles Maturing May 1 J907.
—The.s>e notes will be-paid in New York at tin* office of the*
Manhattan Trust Co., 20 Wall >St., orDn Boston at
the
office of th<* Old Colony i ru.-t (’o.. Ames
Building. See
advertisement on another page of thi- issue and
compare
V. 84. p. 273, 817.
V. 84, p. 933, 809.
Baltimore (Md.; Electric Power Co.
Deposd oj Ponds.
—The Baltimore Trust A (guarantee Co. of
Baltimore
and tii' Northern 'J rust Co. of
Philadelphia are receiving
dej>o>its ol bonds of this company and its ally, the
Maryland
'J eiephonc A Telegraph Co.
(V. 77, p. 2090; V. 79, p. 03J :
\
SO. p. 1001; V. 81
p. 208; \
82, p. 283.)
An exchange
.
.
.
plants are all working to their full capacity and the
company has
$4 .0(10.000 of orders on hand.
As the capacity of tin*
plants is approx!
niately $8,00*1,000 per annum, the production of the
Is
company
booked up i/i advance for six months.
Compare V. 84, p. 869, 751.
practically
California
,
Oilfields,
j London
Stock
Limited.—Listed
Exchange has listed
in
London.—The
this company’s £*300,000
j 5% first mortgage debentures of £100
each, Nos. I to 3,000
j
i (registered), and a further issue of 135,000 shares of £1 each,
fully paid. Nos. 250,001 to 385,000. Compare'V. 83,
p'. 91;
j
j V.
81, p. 1377.
i
Commercial Bulletin’*
-
j
;
Charleston
(W. Va.j Home Telephone Co.—Status.
—
We
j have been favored with the following under date* of March 30:
i
Incorporated In West Virginia April 1 1902.
i
Authorized capital stock
Is $200,<)<)<) common and
$100,000 «% cumulative preferred; outstanding
common
$160,000; preferred $58,200.
Par $100.
Bonds outstanding
$125,000 (authorized issue under
mortgage originally $200,000, but now
limited to $125,000 at present
outstanding), dated April 16 1902 and due
April 1 1922 without option of earlier redemption.
Interest payable Oct. I
and April 1 at office of Columbus
(().) Savings & Trust Co., trustee.
De
nomination $100 and $500.
Annual sinking fund 2 H % of the
amount of
outstanding bonds.
There Is now In tills fund $13,200
bonds
and
50
$412
cash.
As of April 1 .sufficient
pref stork will be sold to pay all
outstanding
obligations and to provide about $25,000 for new
Improvements. The
plant has operated for about 41 % of t lie gross
receipts. The net earnings
for the year ending Oct. 1 1906 were
$28,716.
Deduct Interest on bonds.
$6,250: sinking fund, $3,125: dividends on
preferred stock, $3,-432; Interest
on borrowed money, $16,000 at
6%, $960, balance, surplus, $14,949.
To
March 1 1907 $35,014 from
earnings had been
President, J. W. Payne; See. and Treas., W. W.expended for betterments.
Morrison.
Chase
Rolling Mill Co., Waterbury, Conn. -Increase.—
T in* stockholders of this
company voted on March 30 1907
to increase the
capital stock from $1,200,000 to $2,500,000.
No bonds or mortgage.
Of the new stock $600,000 is to be
taken by tie- present
stockholders, making outstanding
$1,800,000, all ot one class; par, $100. Company incor¬
porated in Connecticut July 1000; operates a brass
rolling
mill,
H. »S.
Treasurer.
('has**
is
President and
Frederick S. ('lutse,
says.
S*\» /<tl
vo *
k.- ngo lli*' coiup.iiit*
s
si-ul
letters to. the bondholders uskim/
the cunying out of a new
J Jet alls of'the u<*w
p bin
lh<> depos t tiieif bonds in e,onueetion with
bnuncin' pUm
Pi
1 i* rtiO e.ii th* bonds uie in
tnat
Chicago Edison. Sole of Bond*. The first installment,
amounting to $2,500,000, of the new 5r/(/ debentures has
been sold and
jdin-. remaining $2,500,000 were Iasi week
vV
Apr. 27
See full
offered in Chicago at 97
p.
particulars in V. 84,
695.
-The results for
Chicago Pneumatic Tool Co.—Earnings.
the three months ending Mar. 31 were:
Deprcclat’n, Bond
Sinking
Ac.
Interest.
Fund.
Dividends.
1<ju7
.$255,528
$42,717
$28,750 $12,500
(1 %) $61,087
1906
232,322
36,328
28,750
12,500
(1 %) 61,087
Total surplus March 31 1907, $988,883, agtiinst $630,949 March
—V. 84, p. 696, 389.
Net
Profits.
3 mos.
Balance,
Surplus.
$110,474
94,657
31 1906.
Citizens’ Steamboat Co. of Troy.—Offer to Purchase.—The
Monday adopted a resolution to dissolve the
company and to have the stockholders vote on the proposi¬
tion in June next; also in favor of an offer by Charles W. Morse
to the stockholders, through N. H. Campbell, Treasurer of
directors on
the Hudson
Navigation Co.
The offer Is that If the stockholders will send their certificates of stock to
Mr. Campbell, he will issue receipts therefor: that when all the stock Is sur¬
rendered Mr. Morse will make a proposition to purchase such stock, which
will be submitted to the stockholders for their action.
If the offer be satis¬
factory. payment will be made for the shares deposited, but if not accepted,
they will be returned to the stockholders.
The certificates are to be sent In
on or before May 15. and all certificates not purchased to be returned to
the owners on or before.June 3.
(8250,000 at last accounts), over two-thirds,
it is understood, is already owned by Mr. Morse and asso¬
ciates.—V. 82, p. 220.
Clyde Steamship Co.—Amalgamation—Circular.—See Con¬
solidated Steamship Lines.—Y. 83, p. 1231.
Columbus Citizens’ Telephone Co.—Increase of Stock.—
The stockholders on April 24 approved tin* increase of $500,000 in the preferred stock, also the increase of the board of
D. C. Beggs and J. H. Mohler
directors from nine to eleven.
were elected to fill the new positions.
Compare V. 84, p. 751.
Consolidated Steamship Lines.—Exchange of Stock—
Official Announcement.—Circulars signed by Calvin Austin,
President of this company, have been sent to the stockholders
of the Mallory Steamship Co. (compare V. 83. p. 1594) and
the Clyde Steamship Co. (see V. S3, p. 1038, 1231). respec¬
tively, informing them that “over a majority’' of the $14.000.000 stock of the Mallory company and over 810.000,000
of the 814,000,000 stock of the Clyde Steamship Co. have
been exchanged for stock and bonds of the Consolidated
Steamship Lines, and adding:
Of the stock
Is convertible Into stock of the Consolidated
Steamship Lines, share for share, and In addition thereto 4 % collateral
trust bonds of equal par value (i. e., each $10,000 stock Is exchangeable
for $10,000 new stock and $10,000 new bonds.— Ed.).
If you will promptly
send your certificates to N. H. Campbell, Treasurer, Room 902, No. 43
New
York
blank
Exchange Place,
City, endorsed in
and witnessed, he will
send you In exchange therefor the stock and bonds of the Consolidated
Steamship Lines under tills arrangement.
The stock of (your) company
An offer on the same basis, it is understood, will
be made to the minority shareholders of the Eastern
shortly
Steam¬
ship Co. (total stock. 83,000,000.—Y. 83, p. 1232), and the
Metropolitan Steamship Co. (total stock, 83,000.000.—Y. 82.
p. 990), and probably before the end of the year to the
stockholders of the Ward Line, the New York A Cuba Mail
SS. Co.—total stock, 820,000,000.—Y. 84. p. 394). and
the New York A Porto ltico Steamship Co. (total stock,
88.000,000.—Y. 84. p. 452. 871). If the entire stock of all
foregoing companies should be acquired, as aforesaid, the
new company would have to issue $62,00(1,000 stock and
Most of the constituent
$02,000,000 collateral trust 4s.
companies have outstanding bond issues of their own. The
Hudson Navigation Co. (which see above) is not likely, it is
said, to be included. See Y. 84. p. 870. 393, 61.
De Long Hook & Eye Co., Philadelphia.—Re-incorpora¬
tion.—The shareholders of this West Virginia corporation
vote May 2 on re-incorporating under the laws of Pennsyl¬
vania.—-Y.71,p.23S.
Electric Co. of America, Philadelphia.—Report.—This
company, whose security holdings were recently sold to the
American (las A Electric Co. (controlled by the Electric
Bond A- Share Co.), reports as follows:
tin*
Cal.
Income from Other
('tuirges,
Year.
Securities
Interest.
Pec.
1906
$581,311
$11,455
$121,511
19U5...
534,474
4.706
98,259
The special meeting to decrease the
Balance,,
Total,
Paid.
Surplus.
Surplus.
$299.781
$171,674
$1,099,322
285.536
155.383
927,648
Dividends
capital stock has been adjourned
•until June 5.-- V. 83. p. 1593.
Qorham Manufacturing Go.—See
—V. 84, p. 573, 341.
Silversmiths Co. below.
v
Gottlieb-Bauernschmidt-Straus Brewing Co., Baltimore.—
on Income Bonds.—’I'hc directors on April 23 declared
tlu- usual semi-annual interest payment of l %% on the
Interest
bonds, payable on and after May l
No. 5 at the office of Mer¬
cantile Trust A Deposit Co.. Baltimore.
The same amount
was
paid .semi-annually from 1904 to 1906. both inclusive.
Compare. V. SI, p. 162, 510. 628.
Grand Rapids (Mich.) Edison Co. -Stock Decreased. -The
.stockholders voted on April lo to decrease the authorized
second mortgage income
1966
on
presentation of
coupons
81,200.000 to $325,000. to consist of $200,000
common
stock (pur of shares, $100), and $125,000 of 5%
cumulative preferred stock (par, $20).
Of the stock there
slock
from
is outstanding
V. SO, p. t114.
$602,500
common
and $39,750 preferred.
•-
Greene-Oananea Copper Co.
rune for Deposits Extended
-The time fur making deposits of Greene Consoli¬
dated Copper and Canaiteu Central shares for the new stock
of the, (irecnc-Cnnauea Co., the holding company, has been
extended up to noon of June 1.-—Y. 84, p. 870, 806.
to June l.
Hudson
Navigation
Co. -Acquisition.
Steamboat Co. above.—W. p. 84, 823, 162.
999
THE CHRONICLE.
1907.]
-
See
Citizens’
Ingersoll-Rand Co.—Listed.—The New York Stock Ex¬
change has listed 8225.000 additional 6% cumulative pre¬
ferred stock, making the total amount listed $4,725,000,
and has authorized $75,000 additional to be added from time
to time prior to Nov. 1 1907, making the total amount au
thorized to be listed $4,800,000.
Compare V. 84, p. 806,511.
International Mercantile Marine Co.—Listed.—The New
York Stock Exchange has listed the company’s securities and
has authorized additional amounts to be listed as issued and
sold from time to time prior ta Nov. 1 1907, as follows:
Name of Security—
*
Listed.
Mort. and coll. tr. 4s of 1922..$52,744,000
6 % cum. pref. stock trust ctfs_.___ 51,731,000
Common stock trust certificates
49,921,800
Int. Navigation 1st s. f. 5s 1929... 19,618.000
Report.—See
Issuable.
$22,256,000
8,269,000
10,067,200
103,000
preceding page.—V. 84,
a
Total.
$75,000,000
60,000,000
59,989,000
p.
19.721,000^
934, 341.
Breweries.—Receivers.—The
Supreme Court at
Topeka, Kansas, April 25 appointed Judge S. H. Alien.
G. H. Whitcomb and Judge T. F. Carver as receivers for
the property in Kansas of nine foreign brewing companies,
Kansas
(six of which hail from Kansas City, Mo., concerns and three
Milwaukee companies) upon the petition of the Attorney-
are
General, who recently obtained an order from the Court re¬
straining these companies from doing business in Kansas.
The companies propose to fight the proceedings to the court
of last resort.
Keystone Telephone Co. of Philadelphia.—Sale of Xotes.—
The
Philadelphia “Financial Bulletin” of April 17 said:
& Co. have sold practically all of the $200,000 Keystone Telephone
3-year 6% gold notes recently offered by them at 98 and Interest, yielding
6H %.
The authorized Issue Is $600,000.
Compare V. 84, p. 870. 218.
Bioren
Kilbourne-Jacobs Manufacturing Co., Columbus, Ohio.—
Increase in Dividends.—This company on April 16 paid a
dividend of 21o% on its $1,250,000 common stock for the
purpose
of placing the issue
on an
S% annual basis, the
January dividend having been only 1 }.o%\ it is proposed to
pay 2% quarterly in July and October.
A year ago the com¬
mon
shareholders received a 100% stock dividend, since
which time they have had until now 1 lA% quarterly in cash.
There is also $625,000 6% preferred stock outstanding.
Compare Y. 82, p. 1272.
Mallory Steamship Co.—Amalgamation—Circular.—See
Consolidated Steamship Lines above.—Y. 83, p. 1594.
Maryland Telephone & Telegraph Co.—Deposit of Bonds.—
See Baltimore Electric Power Co. above.—V. 82. p. 283.
Massillon (O.) Iron & Steel Co.—Sew Stock.—This com¬
pany, which was incorporated under the laws of Ohio in
March 1900 and in February 1904 increased its capital stock
’
from $150,000 to $500,000. on Feb. IS 1907 tiled a certificate
of increase of the authorized issue from $500,000 to $2,000,000.
The company manufactures cast-iron
H. A. Crqxton is President and Treasurer.
pipe and fittings.
Merchants’ & Miners’ Transportation Co., Baltimore.—
Deposits.—Practically all of the capital stock has been de¬
posited under the terms of the circular in V. 84, p.752, 629.
Mexican Light & Power Co.—Earnings.-—For 3 months
ending March 31:
3 mos.-r1907
1906
—V. 84. p.
Cross.
Net.
$686,792
408 424
Oper.Fxp.
$1,150,312
846,892
$463,519
438.468
Charges.
BaL.sur.
$450,000
284.352
$236,792
124,072
691
Monongahela
Co.,
Water
Dividend Omission.—-A
stockholders explaining
Pittsburgh.—Explanation of
statement
has
been
sent
to
the
the failure to pay the regular quar¬
terly dividend of 2% on the $2,600,000 capital stock, the
rate v>f 8% per annum having previously been maintained
for many years
a quarter
said,
and the entire dividend record covering, it is
The statement says:
a century.
of
This action was taken partly because
Incurred by your company lu connection
of the very heavy expense being
with the appraisement proceedings
pending for the purchase of this company's property by the city of
Pittsburgh, and partly because of the large reduction In water rents made
by the city in 1906. which reduction was followed by your company under
protest: said reduction now constituting one of your company’s claims
against the city under said proceedings.—V. 84. p. 955.
now
Montgomery (Ala.) Light and Water Power Co.—Bonds.—
(’ramp. Mitchell A Shober of Philadelphia recently received
subscriptions for a limited number of the first consolidated
mortgage 5s at 82 U and accrued interest. The bonds were
all subscribed and are now quoted at 85 and accrued interest,
at which price Kglinton, Hanunond A
Indrews of this city
have been offering a small block.
Compare Y. 84. p. 871.
Nipissing Mines Co.~ Stock Reduced.— The stockholders on
April 22 voted to reduce the authorized stock from $12,000.000 to $6,000,000, the amount now outstanding.
Report.— Results of operations of the Nipissing Mines Co.,
the operating compauy. and of the holding company, for
the 11 months ending April l, were;
Vipissing Virus Co.
$ 1.053.2th)! Dividendson Mining Co., bun..
8,2321
stock (.July II 1906 to March
-!
25 1907)
$1,000,000
Total Income.
$1,061.531 Interest on bank deposits.
636
Cost of turning and all other
'
]
expenses
195,1361 Total
$1,000,636
-r-1 Deduct: Dividends U6%) on
Net profit
$866,095!
stock (.$6,000,000) July 20
1906 to March 25 1907
960.000
Surplus May l 1906
624.628
\ipissing Mining Co.. Lim.
Ore production
luterest on bank balances
,
-
-
..
-
...
-
...
.
„
.
—
Total
Dividends (paid to
Net
-
—
Exoenses of administration
25,059
$1,490,723
Mmcs Co)
surplus on hand
.
.
..
1.000.000 ]
Surplus vprtl i Vh)7
$490,723’ — V
$15,577
S4. p. xv)7. 752.
Ocean Park (Cal.) Water Co. - Bonds. - The “Ids Angeles
rimes” in December last announced the authorization o an
issue of $100,900 40-vear bonds.
1000
THE CHRONICLE
Old Colony Coal & Coke
Co., Pittsburgh, Pa.—Sate.—
This company’s property,
real, personal and mixed, is ad¬
vertised to be sold at trustee’s sale
(subject to the lien of
mortgage of June 30 1905 to the Mortgage
Banking Co.,
trustee, $250,000) at the office of trustee J. W.
Keystone Bank Building, Pittsburgh, on April 29.Hardy,
The
“Pittsburgh Gazette” of March 0 had the
fojlowing:
yesterday, at which a commltte
arrange for the underwriting of a bond issue of
between $300,000 and $400,000.
The committee includes W. J.
Ward,
Treasurer; A. H. Schewe, James W.
Melville. Samuel Garrison and VicePresident W. G. Cronkwright, the latter
being
Chairman.
(Among the
assets are 135,007 shares of $10
each of the Glen Gaston Coal & Coke
Co.
—h’d. “Chronicle.”)
Pocahontas Collieries Co.—Consolidation.—Sec
Pocahon¬
Consolidated Co. below.—V. 82, p. 1273.
tas
Pocahontas Consolidated Co.—Consolidation.—This
com¬
pany, having previously acquired (V. 82,
p. 1273) all except
$26,000 of the $3,000,000 of common stock of the Pocahontas
Collieries Co., which has also
outstanding $1,500,000
6%
preferred stock and $1,250,000 first
mortgage
5% bonds, has arranged, under plan of April 151907, to
merge
that company on the follow
ng basis:
cumulative
(a) $1,500,000 of new first mortgage
5% bonds will be exchanged for an
equal amount of the preferred stock of the
Pocahontas Collieries -Co., said
stock to tie
canceled.
(b) $1,250,000 of said bonds to be set aside to
be exchanged for an
equal
bonds of the Pocahontas Collieries
Co., (V. 80, p. 224.)
(c) $3,250,000 of said bonds will remain
In the treasury, subject to un¬
restricted sale or use in the future for the
purpose of paying the present in¬
debtedness of the Pocahontas Collieries
Co., for developments or improve¬
ments, and the extension of the business.
(d) The mortgage of the consolidated
company will permit of a total is me
of $20,000,000 of bonds, but
any increase above the $6,000,000
to be Issued may only be Issued for
prereatly
new property
acquired, and to the extent
of only 70 % of the cost of such
new property, and this
mortgage
shall be
a first lien thereon.
(e) The consolidated company shall have the
option of selling any portion
of the bonds authorized under
said mortgage for the
purpose of retiring alt
its preferred stock at not
exceeding 15% premium and accrued interest,
but the face value of the bonds so
Issued shall not exceed the amount
for preferred stock upon such
paid
retirement.
(/) The present $2,800,000 of preferred stock of
the Pocahontas Consoli¬
dated Co. (6% cumulative, with a
sinking fund of not less than 3 cents nor
more than 5 cents
per ton of coal mined) shall be delivered
up and canceled
and an equal amount of
preferred stock delivered In lieu thereof.
The new
preferred stock shall be 6 % cumulative, with a
sinking
fund
cf a minimum
of 1 u cents and a maximum of 3
cents per ton on all coal mined
after
1 1910, the minimum to be not less
July
than $40,000 per annum, and
to be used
for the retirement of the
preferred stock at prices deemed reasonable
by the
board of directors: or, if tills is
impossible, to lie Invested In the bonds until
the preferred stock may be retired
upon fair terms.
(g) The present $4,513,700 common stock
of the Pocahontas Consoli¬
dated Co. shall be surrendered for
cancellation, and a like amount of the
common stock of the
merged or consolidated Company delivered in
lieu
thereof, and such common stock shall be entitled to all
surplus earnings after
providing for dividends and sinking fund on the
preferred
Assenting stock of the Pocahontas Consolidated Co. stock.
amount of the present
with the Bank of
must
be
Bramwell, Bramwell, Mercer County, W. Va.
Bonds, Etc.—See Pocahontas
below.—V. 83, 1102, 272.
deposited
Consolidated Collieries Co.
Pocahontas Consolidated Collieries
Co.—Consolidation
Plan.—See Pocahontas Consolidated Co. above.
Bonds.—Kean, Van Cortlandt & Co., 30 Pine St., New
York City, it is
understood, will offer for sale, in case the
merger plan goes through, a block of the present
issue of
$6,000,000 new first mortgage 5% gold bonds of the “Poca¬
hontas Consolidated Collieries
Co.,” the merger company.
These bonds will be dated
July 1 1907 and be due July 1
1957, but subject to call at 105; interest payable
and
July. Denominations $1,000 and “convenientJanuary
fractions.”
Sinking fund of 334 cents per ton of coal mined,
July 1 1910, to retire a minimum of $100,000 bonds beginning
annually.
ABSTRACT OF LETTER FROM PRES.
CHARLES S. THORNE, DATED
NEW YORK. APRIL 10 1907.
Capitalization of Pocahontas Consolidated Collieries
Co., to be Incorjxirated in
Virginia or West Virginia.
Now Issuable.
Bonds (see preceding plan.—Kd.)
Preferred stock (see
preceding plan.—Ed )
Common stock
Combined
Average Annual
Earnings,
four years ending
Coal output (net tons)
Aver annual earnings
$1,139,649
Royalties and taxes
212,031
Total Author.
$6,000,000
2,800,000
4,513,700
$20,000,000
2,800,000
5,000,000
etc., of Constituent Companies for
Dec. 31 1906.
2,027,010
Sink,
on
funds
and
Interest
bds. (Collieries Co.)
$116,864
Average net earnings— $927,6181 Available for
dividends
$810,754
Companies and Properties to Be Merged in Pocahontas
Consolidated Coil’s Co.
(1) The Pocahontas Consolidated Co.
was Incorporated
May 20 1904 and
has outstanding, fully paid,
$2,800,000 6% cumulative preferred and $4,-
513,700 common stock.
Upon the common stock dividends of
2% were
paid prior to March 31 1905, 8% for
year ending March 31 1906 and divi¬
dends of 6% per annum for the
year ending April 1 1907.
Absorbed
tlie
Norfolk, Angle, Lick Branch, Delta,
Shamokln, Rolfe, Sagamore, Caswell
Creek and Cherokee collieries (the
last April 1 1905).
The total leases held
represent about 9,625 acres of coal lands
and 1,500 acres of barren
which is fully developed by the nine
land,
plants located on this territory.
There
have been erected 1,920 coke
ovens.
The remaining coal in the No. 3
Pocahontas vein unmined in this acreage
Is estimated at 74,000,000 tons.
In the spring of 1 906 increased its
common stock from
$2,640,000 to pres¬
ent amount and
purchased $2,974,000 of the $3,000,000 common
stock of
the Pocahontas Collieries Co.,
chartered in March 1880.
(2) Pocahontas Collieries Co.
The total leases held and
coal
lands
owned represent about 10,375 acres of
coal, only partly
developed, the only
plant in opreatlon being that located at Pocahontas
Va.,
wliich
Is,
how¬
ever, the largest In the Pocahantas
region.
There have been erected 800
coke ovens.
The coal in the No. 3 Pocahontas vein
umnlned in this acre¬
age is estimated at 106,000,000 tons.
The undeveloped
territory extends
about 10 miles westward from
Pocahontas,
Va.,
along
Laurel Creek, of
Bluestone River.
The Norfolk «Sc Western
Co.
Is now building tile
Ry.
Pocahontas & Western RR.,to
develop this property, and by July 1 1907
about 4 miles of tills road should be
completed to the new Bolssevaln
which the Collieries Co. has about
plant,
completed.
It Is proposed to Install
along tills branch road at least tiirce additional coal
mining plants.
Recapitulation of Properties to Be Owned by
Consolidated
To be acquired from—
Pocahontas Consolidated Co
Pocahontas Collieries Co
Total
Coal
Barren
Acreage. Acreage.
9,625
1,500
10,375
625
20,000
Company.
Remaining
..Vo. of
Tonnage.
Ovens.
74,000,000
1,920
106,000,000
800
2,125
180,000,000
2,720
Tlie plants are all situated in the
Pocahontas Great Flat-Top coal
in Virginia and West
region
Virginia, on the Norfolk & Western Ry.,
upon lands
held under leases for 100
years, or with privilege of renewals on
present-
.
LXXXIV
terms for 100 years,
subject to a royalty of 10c.
Thcse-plants are a'l modern and fitted to handle aper ton on all coal mined*
tonnage great.y in excess
of the average of the
past four years.
To finance tne c.\p....e
;i..uidy made by the Collisries Co. for the
installation of the Bolssevaln plant, and to
provide-for tne construction of
the additional plants, it
is proposed that the new
mortgage, under wliich there Will immediately tie company shall create a
issued .$6,900,000 of 5 %
gold bonds, viz., $1,500,009, to be
excahngjd for $1,500,000 ((preferred
stock of Pocahontas
Collieries Co.- $1,250,0)9 to be
exchangeable for the
present bonds of the Pocahontas
Collieries Co., and $3,250,0)0 to be
ble for the purpose of
issua¬
paying the present indebtedness of the
Collieries Co., for developments or
Pocahontas
improvements,
and
for
the
extension of
the business of the new
consolidated company.
(See further facts in plan
under Pocahontas Consolidated
Co. above.)
302
A meeting of the stockholders
was held
of live was appointed to
[VOL.
Procter & Gamble Co.,
Cincinnati.—New President.—
William Cooper Procter has been elected
President to succeed
his father, the late William A.
Procter.
John Burchenall
is
General
now
Manager.—V. 83, p. 895.
Republic Iron & Steel Co.—Description of New Plant at
Youngstown, Ohio.—See illustrated article in “Iron Trade
Review” of Cleveland for
April 18.
Earnings.—A statement of earnings is given in the Chicago
“Inter-Ocean” of April 17 and
April 20 as follows, but efforts
to get it
officially have been unavailing:
The
Republic Iron <Sc
After all deductions for
of $415,213.
For nine
Steel
Co.’s earnings
for
March
Interest, <5cc.. there remained
a
were
$599,628.
surplus for March
months ended March 31
ttic surplus applicable
to dividends was
$2,816,791.
Out of tills was paid three
dividends of
$765,633 each, being l.q % regular on
the preferred stock and
2% on ac¬
count of the accumulated
dividends, a total of 5 '4 % regular and 6 % ac¬
cumulated, amounting in all to $2,296,991 and
leaving a surplus of $5 19,890 for the three
quarterly periods.
An official estimate of
earnings for the current fiscal year ending June 30
1907 indicates that the
company will have shown by that time, at the 1 east
calculation, $4,167,000 applicable for dividends on
the pieferrod stock.—
V. 84, p. 342.
Seattle (Wash.) Lighting Co.—Bonds
Offered—Status.—
N. W. Harris & Co., New York and
Boston, and the Harris
Trust & Savings Bank,
Chicago, are offering at 9734 and
interest $250,000 first
mortgage 5% gold bonds of $1,000
each (c*),
dated March 21 1904 and due March 1
1944, but
redeemable on and after March 1 1910 at 110
and interest.
Interest payable March 1 and
Sept. 1 at office of N. W.
Harris &Co., N. Y.
Manhattan
Trust Co., N. Y, trustee.
Abstract of Letter from Rufus C.
Dawes, 2d Vice-President, Apr. 1 1907.
This company, a consolidation of the
Seattle Gas & Flectrlo Co. (the suc¬
cessor of the Seattle Gas &
Llectric Light Co.) with the Citizens’
Light <5c
Power Co., does the entire gas business
of Seattle. Wash., and Its
suburb,
Ballard, thus serving an estimated population
of over 200,000.
Financial Statement.
Capital stock Issued (preferred. $1,000,000; common
$3,000,000) .$4,000,000
First mortgage 5s,
including $422,000 bonds
$1,393,000
Reserved to retire a Like amount of Seattle recently issued
Gas & Llectric Light
first 6s due July 1 1912
'
In
escrow to be Issued for
80% of the cash cost of permanent
tensions and additions
729,000
ex¬
878,000
Total bohds authorized
by mortgage.
$3,000,000
Earnings for the Year ended Feb. 28 1907.
Gross earnings
$432,0971 Bond Interest for period
$92,517
Net over taxes—
211,5491 Surplus
119,032
[For the year ending Nov. 30 1906 the
gross earnings were
$395,441 and the net earnings (over
taxes)
reported
as
$192,392.—F.d.j
The statement for 1907 will be
much more favorable,
owing to the rapid
Increase In the population of
the extensive
Seattle,
and
Improvements
and additions recently made to
the company s
practically no earnings have as yet been derived. properties, from which
The first mortgage 5%
gold bonds arc, in opinion of
counsel, secured by
a first lien on all
property, franchises,
as
&t\, of the Seattle Lighting Co., sub¬
ject only to $729,000 bonds on that
part of the property formerly owned
by the Seattle Gas & F.lectric Co., which
bonds will be retired on or before
July 1 1912.
The $878,000 escrow bonds can
only be issued to reimburse
the company for 80 % of the cash
cost of permanent extensions
and additions,
and then only provided the net
earnings for the preceding calendar
shall have been equal to twice the
year
bond Interest.
The company recently
sold a tract of real estate In the
centre of Seattle for
approximately $1,000,000, and this money has been
deposited with the mortgage trustees, to be
expended for permanent betterments and
Improvements, on account of
which no bonds will be,Issued.
The property Is
thoroughly modern, and
to meet Its growing business the
company Is constructing a new water and
coal-gas plant with a generatring
capacity of over 2,000,000 cubic feet of
gas per day.
This plant will be ready for
operation In May, and will cost
approximately $600,000.
'File
least 20 miles of additional mainscompany has 222 miles of mains, and at
will be laid during the
present year.
The
franchise in vSeattle Is
satisfactory and, In opinion of counsel, unlimited In
time.
The franchise In Ballard runs for
fifty
years
from
1901.
Aug.
As shown by the Census of
1900, the population of Seattle,
Wash., was
80,671.
It Is believed that the
present population. Including Ballard,
which will probably soon be
annexed.
Is
200,000.
There arc few cities
tnat have more natural
advantages or brighter prospects than the
city of
Seattle.
Compare V. 79, p. 156.
Silversmiths Co. of New
York.—Merger.—On
April 20 a
filed at Albany
merging under this title, with
$14,000,000 of authorized capital stock, the
following com¬
panies, which are allied to the Gorham
Co.,
Manufacturing
namely, Silversmiths Co. of New York and the Silverware
Stocks Co. of New York.
certificate
was
Fdward Holbrook, who Is head of the
Gorham Company, Is President of
the consolidated company.
John S. Holbrook and Herbert J.
Wells are
among the directors.
Compare V. 84. p. 577 —V. 82, p„ 1045.
Silverware Stocks Co. of New
York.—Merger.—See Silver¬
smiths Co. above.—V. 84.
p. 577, 342.
The company ’ It is
stated, owns extensive cement rock
4 miles from Riverside and
quarries about
proposes to build a cement
capacity of 4,500 barrels at a new town-site to be knownplant with a daily
as
Crescent City.
The same Interests have
Incorporated the Crescent City St. Ry.wlth $100,000
capital stock.
Oakland capitalists are Interested.
The incorporators of
both companies arc:
George W. Reed, P. C. Black, C. N.
Reed, B. H.
Griffin and C. T. Walker, all of
Los Angeles.
Streets Western Stable Car
Line.—Report.—The results,
ending Dec. 31 were:
for the year
Year—
1906
1905
Net.
Charges.
Pref. dlv.
Com. die.
Bal.,sur.
$305,390
$81,102
(7%)$54,383
(2 %)$76,694
$93,210
320,701
89,193
(7%) 54,383
(2 %> 76,694
100,431
The balance sheet of Dee. 31
1906 shows: Common
stock, $3,834,700;
preferred stock, $776,900; first mortgage
during year); car lease wrrnnts, $1,693,337bonds, $79,251 (decrease $48,000
(decrease $79,251); Dills payable,
$70,000; total surplus Dec. 31 1906,
$1,257,644, against $1,164,434 Dec. 31
1905.—-(V. 82, p. 991.)
Union Oil Co. of
California.—Dividend Increase.—The
“Los Angeles ’rimes” of
April 20 says that the company will
increase its monthly dividends
beginning May 20 from
75 cents to $1 per
share, or from 0% to 12% yearly. The
rate was increased in Feb. 1005
from
2.7%
per
anmn»
Apr. 27 1907.
(22U>e. per share monthly) to 6% (50c. monthly) and in
April 1906 to 9% per annum, or 75c. monthly. The Union
Provident Co. and the United Petroleum, both holding
companies for the Union, have increased their payments
from 75c. to $1 and from SI 38 to $1 48 a month, respectively.
—V. 83. p. 91.
Union Sand & Material Co., St. Louis.—New Stock, Ac.—
A certificate filed on April 15 by this Missouri corporation,
increasing the capital stock from SI,050.000 to $3,000,000,
“all full paid.” it is stated, shows assets, $5,320,033; liabili¬
ties, $1,684,857.
About 98 % of thestockof the St. L. Port. Cement Co., it is stated, was
deposited under the recent offer, only one stoekliolder fallimr to come in
within the time set.
The Union Co., it is reported, also takes over the
Memphis Sand & Gravel Co. of Memphis, Tenn., in the same deal, paying:
$300,000 for its assets, and has bought the property of the old St."Louis
Blast Furnace Co., on the river front at the foot of Malt St., in Carondelet.
The Memphis property is In the extreme north end of St. Louis and latter
in the south end.
United Copper Co.—Details of Net Earnings.—At a recent
hearing in the case of Thomas M. Hodgens against President
Heinze, the latter furnished the following particulars re¬
garding the divisions of net income for the year 1906, thus
supplementing the statement already published in the
‘‘Chronicle” (V. 84, p. 44S), and also the same particulars
since the company’s organization on April 28 1902:
Cal. Year
Since
1906.
Organization.
$49,500
$814,500
2,395,970
5,931,565
2.504,000
3,334,770
224,816
466,093
Receipts—
Interest on bonds
Dividend on securities held
Profits on securities held and contracts.
:
Interest on loans
Total
$5,174,286
Net income
.
$10,566,928
333,515
398,997
$4,840,771
$10,167,931
Expenses
securities held and contracts” in 1906, $2,504,000, In¬
cluded, it is stated, $1,700,000 on account of the variation of the market
value of securities held.—V. 84, p. 755, 577.
The
“profits
on
Westinghouse Electric & Manufacturing Co.—Offering to
Stockholders of $5,000,000 of New “Assenting” Stock.—A
circular dated April 25 1907 offers to stockholders of record
as of 12 m.
May 4 the opportunity of subscribing, on the
June 3 for $5,000,000
rights and priorities as the
existing” assenting” stock, at $75 per share (par $50), to
the extent of one share for every five shares of existing stock
of any class held by them respectively.
company’s warrants, until 3
new
stock, entitled to the
p. m.
same
Subscriptions must be made at the New York office of the company. 111
Broadway, accompanied by New York, Boston or Pittsburgh exchange
The balance will be payable In like
manner during 1907 as follows:
July 1, $10 per share: Aug. 1, $10: Sept. 3,
$10; Oct. 1, $10; Nov. 1, $10; Dec. 2, $15.
Full payment may be made
for $10 for each share subscribed for.
at the time of
subscription or any unpaid balance may be paid on any In¬
stallment date
Interest at 5 % per annum will be allowed on all payments
from the date made up to the time the stock begins to carry dividends.
Discount will also be allowed on installments anticipated.
Stock paid for
In full June 3 carries the dividend payable July 10 1907 and subsequent
dividends: that fully paid for on July 1. Aug. 1 or Sept. 3 will receive the
Oct. 10 dividend and that paid for Oct. 1. Nov. 1 or Dec. 2 the Jan. 10 1908
dividend.
For the convenience of shareholders warrants for fractional
shares will be purchased or sold at current market prices at the New York
office of the company.
Official Circular.—President George Westinghouse, under
April 25, says:
date of
At a special meeting of the stockholders held on March 26 1906, $25,000,000 new assenting stock was created, making the total authorized share
capital $50,000,000.
Of this new stock, $12,500,000 was set aside for the
conversion of bonds (V. 82, p. 755, 222) and the remaining $12,500,000 was
reserved for other corporate purposes.
There Is enclosed an offer to the
stockholders to subscribe for $5,000,000 of the assenting stock at $75 per
share,
price within the limits of the provisions of the bond indenture,
the sale of which will provide additional working capital as required.
The business of your company during the past year largely exceeded that
of any preceding twelve months, and continues to increase.
The orders
entered duiing March 1907 by the East Pittsburgh works were $4,006,348
and by the subsidiary manufacturing companies were $379,229,
a
Orders Received by the East Pittsburgh Works and the Subsidiary Companies
for Five Years Ending March 31.
1904 05.
1905-06.
1902-03.'
1903-04.
$21,916,177
$20,822,010
$18,811,790
$28,154,664
1906-07.
$38,317,918
Value of unfilled orders March 31 1907
$14,616,442
This great Increase In your business, coupled with higher costs of labor
and material, has necessitated a large increase In working capital.
At the
same time the amount Invested in current accounts with customers for
apparatus delivered or In process of erection has been correspondingly In¬
creased
Value of Working Assets Feb. 28 1907, as Compared with Nov. 30 1905
(V. 82. p. 216.)
Inc. Since
W. E. & M. Co. and Subsld’y Mfg. Co's—
Feb. 28 1907.
Nov. 30 ’05.
Raw materials and supplies
$4,916,150
$2,162,132
Work In progress
1
4,053,258
7,355,533
Finished parts and completed apparatus
387,274
4,378.039
Goods on consignment for re-sale, &c.
1,398,530
368,852
Accounts and bills receivable
11,431,076
3,776,500
.
...
Total ’‘working assets”
$10,748 ,016
$29,479,328
Consolidated Income, etc.. Account for 11 Months Ended Feb. 28 1907.
(shipments
Gross earns,
billed)
*
Operating
$30,659,579
expenses
Net earnings
26,206,445
$4,453,134
Deductions —
Interest on funded debt.
Interest and discount
Tax on cap. stock, prems.
on debs, retired, com¬
missions, &c
Other Income—
bonds, Ac
Total
deductions
Dividends (for 11 months at rate of 10% per annum)
Net addition to surplus for
Cost of
the eleven months
607.352
$2,169 ,812
$3,583 ,776
2,291, 272
$1.292,504
shipments, Including factory costs, selling, administration and
general.
they are, have been adversely affected by tin*
development of manufacturing facilities Incident to a rapidly
increasing production.
With the Increased facilities already provided,
and those nearing completion, the production for,the fiscal year beginning
April 1 1907 should greatly exceed that for the past year.
The Income of your company during the past yeaivfrom Interest, divi¬
dends and earnings on its investments. Including those received from affili¬
These results, excellent as
extra cost of
Wagner Electric Manufacturing Co.—Increase of Stock.—
The stockholders will vote on June 12 on a proposition to
increase the stock from $800,000 to $1,200,000.—V. S3, p.
1475.
Westinghouse, Church, Kerr & Co. of Canada (Ltd.),
Montreal.—Incorporated in Canada.—This company was in¬
corporated on April 18 under the Canadian Companies Act
with $2,500,000 capital stock in shares of $100 each.
The
incorporators art*:
Peers Davidson, Advocate: Arnold Wainwright. Advocate; Alexander
Bissett. Assistant Manager: Charles Francis Larkin, stenographer, and
Osias Couslneau, student, all of Montreal.
—A. M. Kidder & Co., bankers, of 18 Wall St., are issu¬
a special circular describing bonds which they
vestors at attractive prices.
These securities return
chaser from 4%('/c to
offer in¬
the pur¬
53-2% > and include: Nassau Electric Ry.
(Brooklyn Rapid Transit), Missouri Kansas & Texas RR.
(St. Louis Division), the Railroad Securities Co. (Illinois
Central RR.), Georgia & Alabama Ry. (Seaboard Air Line),
Rio Grande Southern RR. (Denver & Rio Grande system),
Fort Worth & Rio Grande Ry. (St. Louis & San Francisco
system). Central RR. & Banking Co. of Georgia and the Chi¬
cago Rock Island tfc Pacific Ry. Co.
The list also comprises
a selection of guaranteed stocks exempt from tax.
—The Philadelphia banking house of Julius Christensen
& Co., in the Drexel Building, is distributing a written and
pictorial review of the Illinois Traction system. The de¬
scription includes all the roads comprised in this great interurban railway, their routes and connections, and much valua¬
ble information of public interest relating to the cities and
towns in the territory covered by the system.
There are
many half-tones of the public buildings and the industries of
that section, and also portraits of each road’s officials.
The
book is bound in pasteboard covers and is elaborately gotten
u >.
Investors interested in the
should write for
—The
a
Illinois Traction
property
copy.
corporation of the Berkeley School, 72d St. and
West End. Av., New York, announces that it has engaged
Dr. Adolph W. Callisen as permanent Head Master, and has
acquired and will take over the well-known Callisen School,
of which Dr. Callisen was for many years the head and where
hundreds of boys have been prepared for college and business
life.
From this date Dr. Callisen will spend several hours
daily at the school to meet all who call and to make full
preparation for the new term. The school-year will open
on Sept. 30.
William H. Brown is President of the corpora¬
tion.
—The old established banking house of George Leask &
Co. will move on May 1 to new offices on the sixth floor df
the Trust Company of America Building, 37 Wall Street.
This firm, founded by George Leask and Julian W. Robbins
years ago, leaves its old
floor of the Mills Building at 35 Wall
twenty-five
versary.
r
quarters on the ground
Street on its 25th anni¬
The concern’s high standing
as
large dealers in
commercial paper, stocks, bonds and other securities is
well known in this city.
Mr. Lcask’s son, Edwin M. Leask,
represents the house on the New York Stock Exchange.
—The Boston banking house of Hornblower <fc Weeks has
completed arrangements to occupy new quarters in a build¬
ing to be erected on the site of the old Howe Building, 60
State Street, which the National Shawmut Bank will shortly
vacate.
The proposed structure has been leased by the
firm for thirty-five years; it will be six stories in height and
will be especially adapted to the firm’s requirements.
—Edward Ridgely, formerly a National Bank Examiner
of New York City, has become associated with Warwick,
Mitchell & Co., chartered accountants, at 79 Wall Street.
Mr. Ridgely is a brother of William B. Ridgely, U. S. Comp¬
troller of the Currency, and will manage the firm’s auditing
department.
—On May 1 Stone & Webster, the well-known street rail¬
way house of Boston, will open a Chicago branch office in
suite 604 First National Bank Building.
Arthur J. Veitch*
for some time connected with the bond department of Pea¬
body, Houghteling A- Co., will be their Chicago representa¬
tive.
*
—We have received
a copy of the 1907 edition of “Wash¬
a compilation of financial statistics of
securities dealt in on the Washington Stock Exchange.
'Hie
book also contains a record by months/since Jan. 1 1901, of
sales made at the Exchange, with the lowest and highest
ington Securities,”
prices.
$5,753,588
.Surplus for period
*
57,730
Deprec’n of prop, dc plant,
445,146
equip., acc’ts & bills
rce., sundry stocks and
484,224
Royalties, dec
Total net income
$776,242
728,488
$371,085
Interest and discount
Int. & dlv. on secur’s ow’d
ated companies, foreign and domestic, was above 5% on the aggregate
book value of all such securities.
The management of these several com
panics have been brought to a high efficiency, with the result that the busi¬
ness of each has shown a large growth.—V. 84, p. 225.
ing
Compare St. Louis Portland Cement Co., In V. 84, p. 275.
,
1001
THE CHRONICLE.
—Charles Schley <k Co., investment
brokers, of Milwaukee,
Wis., announce their removal to the New Insurance Build¬
ing, 90 Michigan Street. .The partnership consists of
Charles Schley and Ralph M. Friend.
—Schmidt A: Gallatin,. Ill Broadway, members of the
New
York
Stock ^ Exchange, announce with regret that,
owing to ill-health, Mr. Eads E. Schmidt will withdraw from
their firm on May 1st.
—The bond department of the Royal Trust Company Bank
of Chicago "has recently issued for gratuitous distribution a
booklet on “Bonds as Investments; What They Are and
Their Advantages.”
1002
THE CHRONICLE.
Tflxc
%xmzz.
Friday Night, April 26 1907.
THE MOVEMENT OF THE CROP as
indicated by our
telegrams from the South to-night is given below. For
the week ending this
evening the total receipts have reached
76,608 bales, against 79,481 bales last week and
113,585
bales the previous week,
making the total receipts since
General business is still on a
large scale, though there are
indications of a decrease in transactions here and there.
The situation, however, remains
substantially as it had been
for a long period, with the demand for
most commodities
some
good and prices firm.
become much
more
the 1st of
more seasona¬
Receipts at—
the spot
has been easy in tone but change's in
quotations have been slight. Trade has continued dull.
Offerings from packers have been rather liberal. Small
jobbing sales have been made of late at 8J^@8%c. for city
and at S.75@8.80c. for Western.
Refined lard has been
steady, with trade stagnant. Refined Continent 9.20c.,
South America 10c. and Brazil in
kegs 11c. The market for
on
receipts of live hogs, too, have been liberal.
Port
following
are
June
July
5.45c. December
5.45c. January
J>.45c. February.
5.4 5c. March
5.45c.
5.45c.
5.45c.
5.50c.
6,286
25,999
3,056
107
3,120
34
6,824
2,481
278
6,824
24,125
133
1.031
2,230
1,186
1,569
2,249
1,133
i
20
19
8,367
...
11
Georgetown
Wilmington
250
-
927
27
927
328
91
887
485
4,269
1,062
1,546
-
Norfolk
110
824
..
Newport N., &c_
”81
New York
Boston
Baltimore
Philadelphia.
Totals this week.
58
631
123
661
58
792
45
474
1,062
—
480
4
48
58
10,128
12,796
863
353
46
75
43
88
89
122
197
581
63
17,383
9,743
6,877
19,681
•
675
581
389
76,608
The following shows the week's total
receipts, the tota
since Sept. 1 1906, and the stocks
to-night, compared with
last year:
1906-07.
1905-06.
Receipts to
April 26.
Galveston
This
week.
i.
Port Arthur
CorpusChrlstl.&c.
New Orleans
Mobile
Pensacola
131,658
Jacksonville, &c_
Savannah
Brunswick
Charleston
Since Sep
1 1906.
25,999 3,710,087
132,823
6,824
63,928
24,125 2,162,866
1,031
243,871
_
8,367
927
328
.
Georgetown
Wilmington
485
Norfolk..
4,269
1,062
1,546
NewportNews,&c.
New York
Boston
Baltimore
675
,581
389
Philadelphia
Total
6,962
1,390,653
167,303
145,068
1,095
313,806
529,787
37,621
20,203
69,466
55,514
7,444
76,608 9,190,155
This
week.
Stock.
Since Sep
1 1905.
24,655 2,382,489
111,696
297
32,532
22,713 1,476,335
4,496
217,202
917
133,885
666
17,025
15,091 1,325,197
3,792
169,013
594
16L446
46
L168
2,289
293,244
7,446
572,090
398
19,900
230
5,411
1907.
1906.
145,691
117,776
160,977
20,610
172 967
65.010
53,281
27,603
'
7,690
9,059
1 094
14,286
155,493
60,083
7,769
3,968
25,211
1,840
167,377
11,951
8,672
3,272
84,862 7,042,248
631,328
603,826
381
687
164
55.743
12,573
33,929
6,594
4,279
3,951
In order that
we
comparison may be made with other years,
give below the totals at leading ports for six seasons:
Receipts at—
1907.
1906.
Galveston, &c
32 823
New Orleans.
Mobile
Savannah
Charleston, &c
1905. ‘
1904.
1903.
24,125
1,031
8,367
24,952
22,713
4,496
15,091
9,012
16,866
328
45,506
34,900
5,357
42,154
640
787
474
2.368
10
PhiladelphiaPortland, Me—
78
1,644
8,036
Baltimore....
25c., electrolytic 24^s@24^c.
easy at 6c.
Spelter has been
6.70c.
Tin has been quiet but
has been active and firm; No.
No. 2 Southern $22 75@$24.
Total.
3,400
421
common
24?4@
Lead has been quiet and
quiet and steady at 6.65@
strong; Straits 42%c. Iron
1 Northern $23 20(5)$24 70,
5,627
4,390
288
there has been an absence of
noteworthy developments
in the market.
The demand is less active than usual at
this
time of the year.
COPPER has been firm and more active.
Lake
Fri.
58
4,770
331
firm;
Thurs.
3,042
New York
Boston
good strained $4 65.
TOBACCO.—The demand for Sumatra has been less active
but prices have been firm in the main.
Havana has been
quiet but strong. Crop reports from Cuba of late have been
conflicting. Trade in domestic leaf has continued quiet and
Wed.
•L
SUGAR.—Raw has been quiet, with
slight changes in
prices. Centrifugal, 96-degrees test, 3.73c.;
muscovado,
89-degrees test, 3.23c., and molasses, 89-degrees test, 3.01c.
Refined has been in moderate demand and
steady. Granu¬
lated 4.70(9) 4.80c.
Teas have been quiet and
steady. Spices
have been firm and in light
jobbing
request.
Hops have
been quiet and steady.
OIL.—Cottonseed has been firm, with an increased de¬
mand, partly for export. Prime summer yellow 47c. and
prime winter yellow 52c. Linseed has been firm,
owing to
an increased demand and the
strength of the market for seed.
City, raw, American seed, 42(5),43c.; boiled 43@44c.;
raw,
Calcutta seed, 70c.
Lard has been easy, owing to the dul¬
ness of trade and
increasing stocks. Prime 74@76c. and
No. 1 extra 58@60c.
Olive has been quiet and steady;
yellow 80@90e. and green 70@75c. Cocoanut has been in
moderate demand and firm; Cochin
lOj^c. and Ceylon
9J4c. Peanut has been quiet and steady; yellow
50@60e.
Cod has been
moderately active and steady; domestic 38 @
40c. and Newfoundland
40@42c.
PETROLEUM.—Refined has been active and
strong.
Higher prices are expected by some in the near future,
owing
to the increasing
consumption. Refined, barrels 8.20c.,
bulk 4.75c. and cases 10.65c.
Naphtha has been moderately
active and firm; 73@76 degrees 18c. in
100-gallon drums.
Gasoline has been active and
firm; 86 degrees 21c. in 100-gal¬
lon drums.
Spirits of turpentine has been quiet anti easier
at 69@70c.
Rosin has been in moderate demand and
to
5,318
^
Savannah
Brunswick
Charleston
■
._.
Tues.
Jacksonville, &c.
closing quotations:
5.60c. August
5.60c. September
5.50c. October
5.50c. November
Arthur
New Orleans
Mobile
Pensacola
PORK on the spot has ruled
limited to small jobbing lots.
April
May
3,724
CorpusChrlstl ,&c
CLOSING PRICES OF LARD FUTURES
IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
May delivery
8.6 2'A
8.65
8.70
8.55
8.55
8.67 Pa
July delivery
8.75
8.77 H
8.82 »■$
8.70
8.70
8.8 2V2
September delivery
8.90
8.90
8.95
8.82 H
8.82 H
8.95
The
Mon.
.
DAILY
steady, with trade dull and
Mess $17 50@$18 25, clear
$17 75@$19 and family $19@$19 50.
Cut meats have been
steady. Trade has been quiet but stocks are light. Pickled
shoulders 91^@10c., pickled hams
12@123^c. and pickled
bellies, 14(aD0 lbs., 10l4@llc. Tallow has declined, ow¬
ing to the dulness of trade and increasing stocks. City
Stearines have been dull and easy.
Oleo 9@93^c. and lard
9%c. Butter has advanced, owing to cold and
stormy
weather, which has interfered with the movement to market.
The demand has been light at the advance.
Creamery, ex¬
tras, 343^@35c.
Cheese has been moderately active and
firm; State factory, fancy, 15c. Eggs have been less active
and easier; Western fusts 17c.
COFFEE on the spot has been dull and
steady. Rio No. 7,
0%c., and Santos No. 4, 7^c. West India growths have
been quiet and steady; fair to
good Cucuta 8^@93^c. The
market for future contracts has been
irregular, within mod¬
erate limits.
Early in the week the tendency was downward,
owing to unexpectedly weak cables from Europe, continued
dulness in the spot trade, liberal
receipts, foreign selling and
liquidation by tired local longs. Of late, however, the tone
has been steadier,
owing to buying by prominent local in¬
terests and covering of
shorts.;
Sat.
Galveston
lard futures at the West has been less active.
Prices have
been irregular but the fluctuations from
day to day have not
been very marked.
In the main, however, the undertone
has been rather easy,
owing to the dulness of the cash trade.
The
September 1906, 9,190,155 bales, against 7,042,248
showing an increase
bales for the same period of
1905-06,
since Sept. 1 1906 of 2,147,907 bales.
The monetary situation has recently
favorable and the weather
LXXXIV.
COTTON.
COMMERCIAL EPITOME.
Friday Night, April 26 1907.
ble.
LARD
[VOL.
N’port N., &c
All others
27,611
16,248
19,207
1,668
6,547
647
6,479
23,934
155
6,990
1,829
2,554
3,105
485
2,289
4,269
1 ,062
4,402
16,137
4
7,446
412
47
398
3,224
2,154
4,439
4.118
388
6,837
316
11,929
97
3,672
6,952
3,230
Wllming’n.&c
Norfolk
1902.
Total tbls wk.
Since
76,608
84,862
40.766
163,326
67,199
58,142
Sept. 1. 9,190,155 7,042,248 8,377,808 6,867,341
7,304,869 7,131,442
The exports for the week ending this
evening reach a total
bales, of which 63,493 were to Great Britain,
20,723 to France and 56,123 to the rest of the Continent.
Below are the exports for the week and since
Sept. 1 1906:
-
of 140,339
Week
Exports
from—
ending April 26 1907.
Exported to—
Great j
ContiBritain. Fr’nce nent.
Galveston
Port Arthur.—
Corp.Chris.,&c.
New Orleans—
Pensacola
Fernandina
Savannah
Brunswick
Charleston-
Great •
!
Britain. France}
Conti-
j
nent.
Total.
29.44817,406 15,587 02.441 1.664,106 438.584 1.009.632
3,112.322
1
J
56,962
75,861: 132,823
!
1
j
1,547
1.547
19,169 3,019 30,423 52.611: 864,663 261.276
753,702 1,879.641
;
j
....
3.624
7.329
.1
:
I
•
115,021
!
j
2,367
Newport News
i
4,5Sll
j
9,639
331
'
4,420
171.345
j
2,378
121,082
72,214
..-
S00
78
32.793
7,456
800
San Francisco.
Seattle
Tacoma—
Portland, Ore
Pembina
Detroit.
58.985 29.342
;
i
146,196 46,208
82,821,
,
.-
3,624
7,329
Norfolk
1,108
!
—
1,108
j'
.
Total
j
I Total.
Wilmington
Total
From Sept. I 1906 to April 26 1907.
Exported to—
J
1905-06.' 60,94517,647
1
694
183.601
37.103
I
100
850,587
135.040
21,393
307,286
7.264
5,114
17,217!
6,133:
62,181
3,500
392,049
138,299
140,528
36.293
74,903
82.028
44,168
7,456
74,903
82.028
44,168
i
.....
!
400'
...-
140,676
i
:
4,030
9.579
63.49320.723
_i
6,000
52,349
100,
658,183
52,219
21,393
186,265
4,897:
1
400
4.030
9.579
56,123140.3393.478,534852,7053.344,04S7.675.287
74,759
153,3512,588,771641.2072.334,512 5,564,550
In addition to above
exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar
figures for
New York.
Ape. 27
On Shipboard, Not
Great
Britain. France.
April 26 at—
New Orleans.
Galveston
.
3,535
26,292
Savananh
Charleston
-
-
-
6,811
16,800
-
_
_
2,400
4,000
Total 1907..
Total 1906..
Total 1905..
36,727
33,402
69,765
..
_
„
„
500
Mobile
Norfolk
New York
Other ports—
Other
many.
Foreign
5,496
11,120
14,000
_
..
_
10,599
12,530
«.
4,300
-
-
-
-
—
270
—
23,881
5,356
20,663
2,100
3,000
2,300
40,016
42,326
25,929
27,581
27,047
56 910
FUTURES.—The highest, lowest and closing prices at
Cleared for—
Ger¬
500
Coast¬
wise.
Leaving
Total.
429
stock.
3,589
1;200
26,870
70,331
15,200
541
541
2,200
18,268
7,000
18,268
7,070
7,500
134,107
75,360
49,810
8,518
13,610
6,943
160,307
29,893
26,227 152,780
24,648 133,313
27,425 201,810
478,548
470,513
479,700
—
Speculation in cotton for future delivery has been a trifle
active and prices have advanced slightly, owing, in
part, to manipulation of the May option by bullish interests
and partly to some unfavorable crop and weather reports
from the South and an active and stronger market in Liver¬
pool. The spot sales there have continued large and reports
are persistent that the demand for the actual cotton at the
more
'
South is also, excellent for the better grades, the suppljr of
which is becoming, it is stated, so reduced that increasing
premiums over the low grades are being paid. It is also
stated that the lower descriptions are in better demand.
Some reports are that unduly cold weather has made a good
deal of replanting necessary in Georgia and Alabama if note
in South Carolina, and that the season from being early at
the start has now become somewhat backward.
West of
the Mississippi the temperatures at times have seemed to
be somewhat too low and some replanting is reported there,
but that portion of the belt has during the week been visited,
beneficial rains, so that in many parts
the drought would seem to have been
pretty effectually broken. The receipts at the ports have
been, on the whole, light, spinners’ takings large and the
exports, as a rule, greatly in excess of the receipts. In a
word, the commercial situation of cotton has continued
strong, mainly because of an unusually large consumption.
Speculation, however, though somewhat larger than re¬
cently, has continued to be, in the main, quiet, the outside
public still holding aloof. The May option, which was
recently at such a marked discount under July, reached a
premium over that month of 3 points early in the week and
has since sold even with it or two or three points below.
The
fact that the price of May has been so well sustained,in the
face of a very general belief that, the number of notices to be
issued on Friday would be large, had no small influence in
sustaining and at times advancing the market. Liverpool,
the South, Wall Street spot interests and room traders have
all bought more or less, out of late there have been signs of
liquidation, partly, it is supposed, for some of the leading
bulls.
Then, too, many who have bought May or July have
sold the distant months, especially since the weather condi¬
tions have somewhat improved.
To-day a decline of 11
points on May and 4 to 5 on other months was followed by a
rally,when it was found that May “notices” forsome 70,000
to 75,000 bales were being promptly stopped by leading
bulls and others.
Liverpool’s quotations were disappoint¬
ing, but the spot sales there were large. Furthermore, the
weather at the South was rather cool, including Texas, for
which still lower temperatures were predicted.
Wall Street
and the South bought here and so did some of the leading
bulls.
Spot cotton has been more active and firm. Middling
upland closed at 11.30c., an advance for the week of 10 points.
The rates on and off middling, as established Nov. 21 1906
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
the other hand, by
of the State, at least,
on
Fair.
c.
Strict mid. fair
Middling fair
Barely mid. fair..
Strict good mid
Fully good mid
Good middling
Barely good mid..
Strict middling
Middling
2.00
1.75
on
1.50
1.25
1.00
0.88
0.76
0.57
0.38
on
on
on
on
[Strict low mid..c. 0.14 off Middling tinged.c. 0.12 oft
| Fully low mid
0.32 off Strict low mid.ting 0.46 off
} Low middling
0.50 off Low mid. tinged.. 0.90 d^
j Barely low mid
0.70 off Strict g’d ord. ting 1.25 off
| Strict good ord
0.90 off Fully mid. stained 0.42 off
on !
!
on j
on
on
!
Basis!
1.07 off Middling stained..
Fully good ord
Good ordinary
1.25 ofT Barely mid.stained
Strict g’d mid. tgd. 0.30 on Strict low m. stain.
Good mid. tinged.
Even Fully 1. m. stained
Strict mid. tinged. 0.06 off Low mid. stained.
0.50 off
0.78 oft
1.50 off
1.75 off
2‘00ofl
The official quotation for middling upland cotton in the
New York market each day of the past week has been:
April 20 to April 26—
Sat.
Fri*
Mon. Tues. Wed. Thurs.
Middling upland.
11.20
11.20 11.15 11.25
11.30 11.30
NEW YORK QUOTATIONS FOR 32 YEARS.
The quotations for middling upland at New York on
April 26 for each of the past 32 years have been as follows:
1907.. .C...11.30 1899.__c_.
11.75 1898...
1906..
7.55 1897
1005..
13.75 1896
1904..
10.50
1895
1903..
9.63 1894
1902..
8.31 1893
1901..
9.81 1892
1900..
...
.
.
.
.
.
.
.
6.12 1891..
6.37 1890..
7.50 1889..
8.06 1888..
6.94 1887..
7.50 1886
7.81 1885..
7.31 1884..
_C
8.88
11.94
10.94
9.81
10.62
9.25
10.81
11.88
.
1883. __C
1882.
1881.
1880.
1879.
1878.
1877.
1876.
10 31
12.25
10.75
11.81
11.62
10.75
10.94
12.88
Spot Market
Futures.
M arhet
Closed.
Closed.
Sales of Spot and Contract.
i ConExport sum’ n.
_.
_
Con¬
tract.
1,666
871
200
100
3,000
200
....
700
41
2,571
941
Total.
500
500
Steady
Steady
Steady
Steady
Steady
Quiet, 5 pts. dec—
Steady
Quiet, 10 pts. adv._
Steady, 5 pts. adv.. Steady
Steady
Steady
1,200
971
300
200
741
-
Total
-
New York the past
M
400
3,912
week have been
Feb
Ocf
—
—
as
follows:
*
Sept.
r
April
D
e
c
.
—
J
a
n
.
—
•
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u
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y
—
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a
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—
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o
v
.
—
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n
e
—
Closing Range arch— Closing Range Closing Range Closing Range Closing Range Closing Range Closing Range Closing Range ugst— Closing Range Closing Range Closing Range Closing Range
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m
THE VISIBLE SUPPLY OF COTTON
to-night, as made
by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
up
1907.
April 26—
1,358,000 1.141,000
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
14,000
Total Continental stocks
Europe._
Egypt,Brazil,&c.,aflt.for Europe
Stock
Stock
Stock
Stock
U. S.
In
in
in
In
10,000
1904.
590,000
882,000
657,000
12,000
51,000
c
10,000
10.000
57,000
13,000
427,000
214,000
339,000
265.000
3.000
16.000
78,000
19.000
173,000
4,000
8,000
43,000
7,000
146,000
3,000
29.000
50,000
4.000
202,000
-3,000
21,000
21,000
5.000
822,000
459,000
582,000
589,000
1,000
34,000
613,328
603,826
793,000
681,510
395,293
489,863
13,230
21,855
43,943
397,553
exports to-day
28,000
202,000
38,000
174,000 ' 138,000
818,000 1,065,000
Alexandria, Egypt
Bombay, India..
U. S. ports
U. S. Interior towns
Total visible supply
Of the above, totals of
•
1905.
819,000
320,000
4,000
2,180,000 1,600,000 1,464,000 1,246,000
80,000
195,000
151,000
207,000
378,000
147,000
485,974
340,912
Total European stocks
India cotton afloat for Europe
Amer. cotton afloat for
1906.
bales. 1,256.000 1,058.000
11,000
9,000
72,000
93,000
Stock at Liverpool
Stock at London
Stock at Manchester
27,000
199,000
422,000
386,551
214,639
53,435
.4,927,085 4,349,886 4,160,316 2,891,625
American and other descriptions are as follows:
American—
Liverpool stock
stock
Manchester
Continental stock.
American afloat for Europe
U. S. port stocks
.
U. S. Interior stocks
U. S. exports to-day
bales. 1,132,000
75.000
929,000
61,4)00
767,000
485,974
613,328
397,553
13.230
409,000
.»
.
..
—
Liverpool stock
.
London stock
Manchester stock
Continental stock
India afloat for Europe..—
,*
—
Egypt, Brazil, &c., afloat
Stock In Alexandria, Egypt
Stock in Bombay, India
Total visible
.
340,912
603,826
395,293
21,855
736,000
41,000
547,000
378,000
681,510
489,863
43,943
477,000
46,000
528,000
147,000
386,551
214,639
53,435
3,484,085 2,760,886 i 2,907,316 :1,852,625
Total American.
East Indian. Brazil, <fcc.—
Total East India, &c
Totail American
MARKET AND SALES AT NEW YORK.
Saturday._
Monday
Tuesday
Wednesday
Thursday
Friday..
1003
THE CHRONICLE
1907.]
—
supply
Middling Upland, Liverpool
Middling Upland, New York
Egypt, Good Brown, Liverpool..
Rough Good, Liverpool
Broach, Fine, Liverpool
Tinnevelly, Good, Liverpool
Peruvian
Continental imports past
129,000
124,000
11,000
9,000
11,000
18,000
50,000
55,000
151,000
207,000
34,000
38,000
138,000
174,000
818,000 1,065,000
83,000
12,000
10,000
35,000
80,000
28.000
202,000
793,000
113,000
10,000
11,000
61,000
195,000
27,000
199,000
423,000
1,443,000 1,589,000 :1,243,000 :1,039,000
3,484,085 2,760,886 )2,917,316 :1,852,625
4,927,085 4,349,886 <1,160,316 ;2,891,625
6.39d.
11.30c.
11
d.
10.75d.
5%d.
5Hd.
6.07d.
11.75c.
imd.
8.75d.
5 1 l-16d.
5
Hd.
4.16d.
7.70c.
7Md.
lO.OOd.
4Hd.
4 3-16d.
7.72d.
13.75c.
9d.
10.50d.
'Ad.
6^d.
6
week have been 121,000 bales.
figures for 1907 show a decrease from last week
of 143,413 bales, a gain of 577,199 bales over 1906, an ex*
cess of
766,769 bales over 1905 and a gain of 2,035,460
The above
bales
over
1904.
1004
THE CHRONICLE
AT THE INTERIOR TOWNS the
movement—that is,
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
the
h
i)
period for the previous year—is set out
in detail below.
I
Is
I
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u
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1
New Orleans
Mobile
!c"
?:
©
.
.
cotton at Southern and other
each day of the week:
Galveston
3
$
3
.-t
I*
Week
ending
April 26.
©
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Charleston
'
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Norfolk
Boston
Baltimore
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April—
Range
i
Range
July—
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■
■
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Range
Closing
i
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Closing
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o
Tone—
Spot
Options
The above totals show that the interior
stocks have de¬
during the week 10,007 bales, and are to-night
21,160 bales more than at the same time last
year.
The
receipts at all the towns have been 378,786 bales less than
the same week last year.
creased
THE
WEEK
statement
for the week and since
a
Friday night.
Sept. 1 in the last two
follows:
1906-07
Since
Week.
Sept. 1.
April 26—
ShipTH’d—
Yla St. Louis.
Cairo
Rock Island
..10,578
-10.578
1.846
1,846
1.982
1,027
1.046
2.481
718,041
204.320
74.567
75,183
49,745
412.662
_
...
1,048,143
152.627
1 .462
88.398
51.314
286
823
129,00 6
18,356
37.38 8
8.953
292.339
2.571
184,750
...10,007
1,242.179
21 ,160
863,393
1
..
.
..
movement
a
by rail
to
bales.
Takings.
Week.
Receipts at ports to April 26
76.608
Net overland to April 26
10.007
Southern consumption to April 26. 48.000
.134,615
.tf21,280
......
_
...
Came into sight d uriug week
Total In sight April 26
North.spinners’ takings
a
to
1 .656
,
overland
..
year ago
Since
.
1 .61 0,000
12,042,3 34
301,277
of 378,786
1905-06—3
S trice
Sept. 1
9,190,155
1,242,179
.113,335
Apr 26.
movement
bales for the week
date the aggregate
1906-07-
In SUiht and Spinners’
Total marketed
Interior stocks In excess
219
1,786
Canada.
The foregoing shows the week’s net
has been 10,007 bales,
against 21,160
last year, and that for the season to
net overland exhibits an increase over
a
t
Sept. 1.
452,241
3,682
Total jfross overland
-.18,960
Deduct shipments—
Overland to N. Y., Boston, &c...
3,191
Between Interior towns
5.218
Inland. &c., from South
544
net overland
Since
Week.
13.580
2,808
23.731
.
..
Total to be deducted
1905-06
,534,518
.
other routes, <5&u
The
years
188,847
41,110
86.190
50,351
229.404
..
Louisville
Cincinnati
Including
AND
showing
Sept. 1,
the overland movement
made up from
telegraphic reports
results for the week and since
as
Week.
84 862
21 ,160
7,042,248
46,000
1 .57 1,000
15 979
Sept.
86 3,595
152,022 9,476,641
27,206
260,116
tf
124,816
12,343,611
2.358,094
.
9,736,757
31.571
2,040,852
Decrease durlug week.
Movement into sight in previous
year.'.:
Week
—
3905—April 28
1904
-April
11908—May
1902—May
29
1
2
..
.
.
Jiaies. |
Since Sept. )
197,009 ; 1904-06— April 2
71,906 1908-04 -April -2
103,568 1902 08—May
73.983 1901 02
May
-
11
‘
11 %
'
11%
16%
Thursd’y. Friday.
11%
11%
11%
10%
10%
10%
11%
10%
10%
10%
11.25
i 1730
11%
n%
11.50
11%
10%
10%
11%
10%
Montgomery
|Nashvllle
11 A
11A
10%
11.15
11%
10%
.11 % I
on—
11 %
11.40
10%
11%
10%
11.55
11.55
11%
10%
11%
10%
10%
10%
11%
10%
11%
10%
important
10%IRalelgb
11%
10%
10%[Shreveport
Monday, Tuesday,] Wed’day, Thursd’y, Friday,
April 22. April 23.\April 24, April 25. April
26.
Hales.
.306,418
9,376,051
9,895,994
9,615,468
a
—
—
@
@
10.65-.70 10.61
—
10.58
.
10.46- .51
(5)
j
Quiet
(a)
@
—
10.77
—
—
—jl0.69 —{10.76
10.54.59)10.53.75i 10.72.79
@ —
10.58-.59ll0.69-.70 10.76- .77 10.76-.77
10.31-.32
—
Steady. | Steady.
(a)
—
10.76.85
@ —
10.56-.57 10.70.71 10.81-.82 10.86.87
10.49-.5bl0.41-.43
Firm,
—
i—
—
10.53-.57il0.53-.75
10.63-.70 10.60-.67
10.68-.69 10.61-.62
10.42-.43jl0.34-.35
....
OVERLAND MOVEMENT FOR
SINCE SEPT. 1.—We give below
10 %
10%
11.20
11%
10%
10%
10 H
10 H
11 'A
10 H
10%
10%
10%
11 A
11 H
11.45
11.45
11 H
10%
10%
10 %
j 11.20
1114
11 %
11
10.40-.45:10.35.40 10.28-.33
Closing
January—
0 1)
Range
Closing....
a
10 %
11 A
10 15-16
10.38-.43 10.32-.39 10.27-.31
10.33-.34 10.30-.31
December—
Ran4e
r— 3 s
p—
....
October—
'
Li
■50
Leaving total
110 H
10A
10 A
11 A
10.70- .74 10.60-.69
10.70-.71
10.62-.63
Closing
i
■
Via
Via
Via
Via
Via
10*4
10%
—
....
May—
are as
10 15-16 :10 15-16
10 %
i 10 HS
Sat’day,
X
Closing....
\ii
10.4-2
11%
April 20
—
markets for
NEW ORLEANS OPTION
MARKET.—The highest,
lowest and closing quotations for
leading options in the New
Orleans cotton market for the past week have been as
follows:
!?]
ri —I
Monday. Tuesday, t Wed'day
,
The closing quotations
to-day (Friday) at other
Southern markets were as follows:
r»-T®xi'.-*©©o —■®-<'^,©®©©x©
-r©©1-rr®©0©©'>T©t^©©©©©®©©©©>©rf—t
Pi-CS-NNTa
Little Rock
© ©
Sat’dag.
11.20
Augusta
Memphis
©
principal cotton
Closing Quotations for Middling Cotton
113^
Philadelphia
»r» ©
©
LXXXIV.
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of
middling
|©©«o©i*©r'.«rtrt«*i®©©©©
«-© "»»--->©©©x©
©©©©©©
I ©<0©©^©© ©©©©©©© tv.©©
©©©?OiT©*TeCX''T;Ofi©Or»0
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©* x
I
M
T
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n
f-t
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u
[VOL.
.
—
10.26.A0 10.41-.46
10.36-.37 10.42-.43
—
@
—
10.45-.46
10.26-.40 10.41-.46
(a)
—
10.36-.37jl0.42-.43 10.45.46
10.35-.38 10.32-.45l— (9 —
@ —
10.36.37 10.41-.42) 10.47-.48 10.51-.52
—
ulet.
§ ulet.
Steady, j Firm.
Steady, j Steady.
Firm.
Steady.
WEATHER REPORTS BY
TELEGRAPH.—Our tele
graphic advices from the South this evening indicate that
rain has been quite
general during the week and that in
some localities,
particularly in districts of Louisiana and
Alabama, the precipitation has been excessive. There are
also complaints of too low
temperature by some correspon¬
dents.
As a result of the unfavorable
weather, farm work
has, as a rule, made rather slow progress.
Galveston, Texas.—Frost and cold weather have set the
crop
back considerably in Texas and some
re-planting
is
reported.
We have had excessive rain on three
days during the weeH,
the rainfall being three inches and
thirty-two
hundredths.
The thermometer has averaged
66, ranging from 55 to 77.
Abilene, Texas.—We have had rain on three
days during
the week, the rainfall being
thirty hundredths of an inch.
The thermometer has ranged from
38 to 88, averaging 63.
Brenham, Texas.—Rain has fallen on four days
of the week,
the rainfall being one inch and
ninety-eight hundredths.
Average thermometer 64, highest 79, lowest 48.
Corpus Christi, Texas.—It has rained on three days
during
the week, the
precipitation being seventy-four hundredths
of an inch.
The thermometer has
averaged 63, the highest
being 74 and the
lowest 52.
Cuero, Texas.—There has been rain on four
days during
the week, to the extent of one inch and
ninety-four
hun¬
dredths of an inch.
The thermometer has
averaged 63,
ranging from 46 to 82.
Dallas, Texas.—-We have had rain on three
days during the
week, the precipitation reaching one inch and live hundredths.
The thermometer has
ranged from 41 to 81, averaging 61.
Fort Worth, Texas.—We have had
rain on two days of the
past week, the rainfall being fifty-three hundredths of an
inch.
Average thermometer 61, highest 82 and lowest 40.
Henrietta, Texas.—We have had rain on two
days of the
past week, the rainfall reaching live hundredths of an inch.
The thermometer has
averaged 66, the highest being 94
and the lowest
37.
Huntsville, Texas.—Then*
lias been rain on three
days
extent of one inch and
eighty-six
thermometer has averaged 62,
during the week, to the
hundredths.
from 44
to
79.
Tin*
ranging
Kerrville, Texas.—W<* have had rain on two days
during
the week, tin* rainfall
being forty-three hundredths of an
inch.
Thermometer lias ranged from 35 to 84,
averaging 60.
Lampasas, Texas.—Rain has fallen on two days of the
week, the rainfall being sixty-eight hundredths of an inch;
Average thermometer 61, highest 85 and lowest 36.
Longview, Texas.—We have had excessive rain on four
days^ of the week, the rainfall reaching three inches and
twenty-one hundredths.
The thermometer has
averaged 62,
the highest being 80 and the
lowest 43.
Ape. 27
1907.]
THE CHRONICLE.
Luling, Texas.—Rain has fallen
three days of the week,
an inch.
The thermometer has averaged 63, ranging from 45 to 81.
Nacogdoches, Texas.—There has been rain on four days
during the week, the rainfall reaching eighty-eight hun¬
dredths of an inch. The thermometer has ranged from 39
to 75, averaging 57.
Palestine, Texas.—We have had rain on four days of the
week, the precipitation reaching eighty-two hundredths of
an inch.
Average thermometer 67, highest 76, lowest 46.
Paris, Texas.—There has been rain on one day during the
week, the rainfall being eighty hundredths of an inch. The
thermometer has averaged 50, the highest being 59 and the
the
on
Alexandria, Egypt.
April 24.
precipitation being eighty-eight hundredths of
lowest 40.
San Antonio, Texas.—We have had rain
on
This week
Since Sept. 1
Export (bales)
Orleans, Louisiana.—We have had a rainfall of thir¬
teen inches and ten hundredths during the week, on five
days. Average thermometer 64.
Shreveport, Louisiana.—It has rained on three days of the
week, the rainfall being two inches and seventy-nine hun¬
dredths.
The thermometer has averaged 63, the highest
being 81 and the lowest 45.
Leland, Mississippi.—There has been rain during the week,
the rainfall reaching sixty-nine hundredths of an inch.
Thermometer has ranged from 40 to 70, averaging 52.3.
Vicksburg, Mississippi.—Rain has fallen on five days of
the week, the rainfall being eighty-six hundredths of an inch.
Average thermometer 59, highest 75, lowest 47.
Helena, Arkansas.—Weather too cold for farm work much
of the week and little done.
There has been rain
on
three
days during the week, the precipitation being one inch and
twenty-five hundredths. The thermometer has averaged
55.4, ranging from 43 to 78.
Little Rock, Arkansas.—The weather has been abnormally
cold the past week and there are numerous complaints of
poor stands and damage by cut-worms, necessitating ex¬
tensive replanting.
Rain has fallen on one day of the week,
the rainfall being one inch and thirty-eight hundredths.
The thermometer has averaged 59.5, ranging from 43 to 76.
Memphis, Tennessee.—Weather more favorable and cotton
planting has made good progress, but the week closes cold
and rainy.
There has been rain on one day the past week,
the rainfall being sixteen hundredths of an inch.
Average
thermometer 55.6, highest 76.3, and lowest 40.8.
Nashville, Tennessee.—We have had rain on one day of the
past week, the rainfall reaching eight hundredths of an inch.
The thermometer has averaged 59, the highest being 80 and
the lowest 37.
Mobile, Alabama.—Heavy rains and lower temperature
in the interior early part of week.
Cotton planting is making
moderate progress.
We have had rain here on four days
of the week, the rainfall reaching eight inches and twentyfour hundredths.
The thermometer has averaged 63, rang¬
ing from 53 to 73.
Montgomery, Alabama.—Continued heavy rains and gener¬
ally unfavorable weather have injured cotton considerablv.
Much re-planting will be required and good seed scarce.
V?e
have had rain on five days during the week, the rainfall being
inches
and
six
hundredths.
The thermometer has
ranged from 47 to 78, averaging 60.
Madison, Florida.—-We have had rain on two days of the
week, the precipitation reaching two inches and fifty hun¬
dredths.
The thermometer has averaged 65, the highest
being 80 and the lowest 54.
Savannah, Georgia.—We have had rain on five days during
the week, the rainfall reaching one inch and ten hundredths.
T he thermometer has ranged from 50 to 82, averaging 64.
Charleston, South Carolina.—We have had rain on five days
of the past week, the rainfall reaching eighty-six hundredths
of an inch.
Average thermometer 62, highest 75, lowest 50.
Greenwood, South Carolina.—Rain has fallen on two days
of the week, the rainfall being two inches and five hundredths.
The thermometer has averaged 57, highest 68. lowest 46.
Charlotte, North Carolina.—We have had rain during the
week, the rainfall reaching one inch and sixty-eight hun¬
dredths.
Thermometer has'ranged from 40 to 75, averaging
«
57.
The following statement we have also received by tele¬
graph, showing the height of rivers at the ponits named
a.
of the dates given:
m.
.A
New Orleans
Above
Memphis
Above
Nashville
of gauge.
zero of gauge.
Above zero of gauge.
.
Shreveport..
Vicksburg:
.
.
...
..
Aoove
Above
aero
zero
zero
of gauge.
of gauge.
pril 26 1007.
A prll 27 1006.
Feet.
Feet.
16.0
21.3
1 >.5
S.H
36.1
16.8
20.0
0.0
11.0
47.1
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON .—Through arrangements made with
Messrs.
Choremi, Benachi it Co., of Liverpool and Alexandria, we
now Tooeive 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:
5,822,759
1904-05.
—
Total exports
j
1
9.000
Since
Sept,
Ii
85,000
5,925,176
1
h
TMs '
Since
l.j week. Sept. 1.
2,500 182,781 t
176,862
4,000 293,984
700
99,776 i
TMs
1 week.
.Since
Sept. 1.
1,000 185,7861 ! 2,500 187,542
5,500 152,910
3,000 130,613
1.750 268,1461 i 4,750 252,767
3,0001 66,732j
800 61,228
|
7,200 753,403; ;l 1,250:673,574; 111,050 632.150
.
!
:
•
A cantar Is 98 lbs.
This statement shows that the
receipts for the week
were
3,000 cantars and the foreign shipments 7,200 bales.
EUROPEAN COTTON CONSUMPTION TO APRIL 1.—
By cable to-day we have Mr. Ellison’s cotton figures brought
down to April 1.
We give also revised totals for last year
that comparison may be made.
The spinners’ takings in
actual bales and pounds have been as follows:
61.
New
at 8
3.000
6.825.355
This
week.
To Liverpool
To Manchester
To Continent
To America
82.
three
1905-06.
■
three days
Weatherford, Texas.—There has been rain on two days the
past week, the rainfall being forty-nine hundredths of an
inch.
The thermometer has ranged from 37 to 84, averaging
1906-07.
Receipts (cantars a) —
a
during the week, the rainfall being one inch and ten hun¬
dredths.
Thermometer has averaged 64, ranging from 46 to
1005
Oct. 1 to April 1.
Great Britain.
'
Continent.
Total.
For 1906-07.
*
Takings by spinners
bales.
2,366.000
3,600.000,
5.966.000
505
Average weight of bales. __lbs.
484
492.3
Takings In pounds..
1.194,830,000 1 .742,400.000 2.937,230.000
For 1905-06.
Takings by spinners
Average weight of bides
Takings In pounds
bales.
lbs.
2,175,000
3.005.000
5.180.000
499
482
489.1
1,085,325,000 1.448,210,000 2,533,535.000
According to the above, the average weight of the deliveries
in Great Britain is 505 pounds per bale this season against
499 pounds during the same time last season.
The Conti¬
nental deliveries average 484 pounds, against 482 pounds last
year, and for the whole of Europe the deliveries average
492.3 pounds per bale, against 489.1 pounds last season.
Our dispatch also gives the full movement for this year and
last year in bales of 500 pounds.
'
1906-07
Oct. 1 to April 1.
Bales of 500 Ids. each.
000s omitted.
Great
Conti¬
Britain
nent.
1905-06.
*
.
Total.
Great
Britain
Conti¬
nent.
Total.
Spinners' stock Oct. 1
Takings to April 1
253
556
809
256
621
877
2.390
3.486
5.876
2.171
2.896
5,067
Supply
Consumption. 26 weeks
2,643
1.951
4,042
2.730
6.685
4,681
2.427
1.924
3,517^
2.626
5.944
4,650
692
1,312
2.004]
503
891
1.394
74
74
75
75
76
76
105
105
105
105
105
103
179
179
180
74
74
74
74
101
101
101
101
101
101
Spinners’ stock April 1
Weekly Consumption
In
In
In
In
In
in
000s omitted.
October
November
December
January
.
February
March
The
180j
181
181
74]
74
foregoing shows that the weekly consumption is
'
173
175
173
175
175
175
now
181,000 bales of 500 pounds each, against 175,000 bales of
like weights at the corresponding time last year.
The total
spinners’ stocks in Great Britain and on the Continent have
increased 240,000 bales during the month and are now
610,000 bales more than at the same date last season.
We are also advised that Mr. Ellison, calculating on the
basis of an American crop of 13,500,000 bales, estimates that
stocks of American cotton will be approximately 2,504,000
bales at the end of the season, as follows: at European
mills, 1,000,000 bales; at
and at
American ports,
European ports, 1,004,000 bales;
500,000 bales.
NATIONAL
OF
COTTON
ASSOCIATION
MANU¬
FACTURERS.—Annual Meeting.—It has been announced
by the Secretary of the National Association of Cotton Manu¬
facturers that the eighty-second annual meeting will be held
at Boston on April 24 and 25.
Some of the papers expected
to be submitted will cover the
following subjects: “American
Cotton Textiles in the Far East:” “Corporations and the
Public Welfare;” “Cost of Maintenance and Depreciation in
Cotton Mills;” “Hot Water Heating by Forced Circulation
Applied to Cotton Mills;” “Immigration of Textile Op¬
eratives;” Primitive Designs as Intluenced by the Textile
as
Arts;” “Proposed System for Cleaning Machinery;” “Re¬
Concrete Construction Especially Applied to Mill
Use;” “Sea Island Cotton;” “The Tariff on Cotton Goods;”
“Taxation and Valuation with Reference to Industrial
Plants;” “ The New Whitin Comb;” “The New York Cotton
Contract;” “The Textile School a Future Necessity to the
inforced
Industry.”
The following officers were elected: President. William D.
llartshorne, agent of the Arlington Mills, Lawrence, Mass.;
Vice-Presidents, Charles T. Plunkett, of Adams, and George
Otis Draper of Hopedale, Mass.; directors for three years.
William II. Loftus of Newark. N. J.; John W. Knowles of
New Bedford and Henry F. Mansfield of Utica, N, Y.; di¬
rector for two years, Edwin Faruham Greene of Boston; di¬
rector for one year, Frederick A. Flat her of Lowell; Secre¬
Treasurer, C. J. H. Woodbury of Lynn.
BUTTS, BAGGING. Ac.—The market for jute
bagging has continued quiet the {.vast week. Prices remain
nominally unchanged at 9^c. for 2 lbs., standard grades.
Jute butts dull at 3@4c. for bagging quality.
tary and
JUTE
1006
THE CHRONICLE.
WORLD’S SUPPLY AND TAKINGS OF COTTON.The following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out
of sight, for the like period.
Cotton Takings.
Week and Season.
1906-07.
Week.
Week.
Season.
Visible supply on April 19
5,070,498
4,401,012
Visible supply Sept. 1
1,7*84", 156
American in sight to April 26
113,335 12,343,611
124", 816
Bombay receipts to April 25
86,000 2,293,000
81,000
Other India ship’ts to April 25.
14,000
232,000
4,000
Alexandria receipts to April 24.
1,000
910,000
1,000
Other supply to April 24.a
3,000
229,000
_
2,545,470
9,736,757
2,182,000
218,000
777,000
.
9,000
Total
supply
Deduct—
Visible supply April 26
4,927,085
Total takings to April 26
Of which American
Of which other
a
375,000
5,287,833 17,791,767 4,620,828 15,834,227
4,927,085 4,349,886
360.748 12.864,682
248.748 9,757,682'
112,000 3,107,000
.
4,349,886
270,942 11,484,341
202 942
8,614,341
68,000 2,870,000
Embraces receipts In Europe from Brazil, Smyrna,
West Indies, &c.
INDIA COTTON MOVEMENT FROM ALL PORTS.—
The receipts of cotton at Bombay and the
shipments from all
India ports for the week and for the season from
Sept. 1 for
three years have been as follows:
April 25.
1906-07.
1905-06.
To St. Petersburg—April 23—Ramore Head, 782
To Rotterdam—April 19—Lord
Ormonde, 45
To Antwerp—April 25—Cayo Manzanillo, 2,425
To Barcelona—April 23—Sicilia, 1,347
To Genoa—April 23—Sicilia, 8,927
NEW ORLEANS—To
Week.
Bombay
j
Week.
Sept. 1.
86,000!2,293,000
Since
|
j
l Sept. 1.
Week.
,
Great
Britain.
Conti¬
nent.
Total.
Great
Britain.
.
Great French Ger—Oth.Europe- Mex.,
Britain.
North. South.
ports. many.
&c. Japan.
288
4,770
141
635
3,805
2,000
1,000
2,000
1906-07
1905-06
1904-05
Madras—
1906-07
1905-06
1904-05
All others—
1906-07
1905-06
1904-05
3,000
35,000
17,406
19,169
3,019
.
2 524
7,329
..
5,000
36,000
19,000
42,000
47,000
16,000
781,000
823,000
591,000
239,000
638,000
255,000
7,000
2,000
8,000
2,000
5,000
5,000
1,000
95,000
76,000
17,000
100,000
81,000
18,000
19,000
35,000
12,000
22,000
37,000
14,000
2,000
2,000
i...
1,000
_
_
_
_
—
4.000
1,000
2,000
5,000
2,000
7,000
6,000
2,000
7,000
8,000
10,000
7,000
102,000
90,000
99,000
15,000
39,000
24,000
40,000
40,000
26.000
58,000
64,000
26,000
997,000 1,055.000
792,000
856,000
367,000
393,000
110,000
100,000
106,000
spinning mills have decided by a large majority to work
short time, in order to reduce the large unsold stock of
yarn
in China.
It has been decided to close the mills three
days
a week,
including Sunday, and work only thirteen hours a
day. This arrangement will continue until June 15 next.
MANCHESTER MARKET.—Our report received
by
cable to-night > from Manchester states that the market
is firm for both yarns and
shirtings. Spinners are
ered to
be well under contract.
We give the
for to-day below and leave those for
this and last year for
m
32$ Cop.
Twist.
d.
ings.
to
d.
s.
19% 6
9%
@10 15-16 6
9 13-16®
10J^ 6
d.
2,368
common
finest.
@9
d.
9
9
@9
9
s.
9 13-16®
19%
9%
@
11
10
@
10 %
@
11% 6
11% 6
6
6
8
8
Col’n
Mid
Upl's
Apr.
NEW YORK—To
16,447 10,208 28,360
1,108
1,108 140,339
The exports to Japan since Sept, f have been
200,439 bales
from Pacific ports, 10,000 bales from Galveston and
2,536
bales from New York.*
Cotton freights at New York the past week have been
follows, quotations being in cents
@9
9
@9
9
8% @9 9
9 @
9 10
Liverpool
Manchester
Havre
Bremen
as
100 lbs.:
per
6.03 8 15-16®
6.16 9
@
6.28 9
@
6.39 8%
@
93i 6
9% 6
9% 6
10
6
10% 6
19% 6
19% 6
c.
c.
20
25
c.
30
c.
Japan..
c.
Naples—April 19—Prinzess Irene 373..
Leghorn—April 19—Calabria, 100
Trieste—April 24—Francesca, 200
30
30
18
32
45
30
18
32
45
April 5.
Sales, American
.
Actual export
A
37,000
1,000
4,000
33,000
18,000
.
20
30
18
32
30
18
32
45
45
'.
....
_
..
.
pril 12.
69,000
7,000
April 19.
78,000
April 26.
65,000
3,000
3,000
71 ,000
2,000
2,000
59,000
11,000
80,000
1,256,000
1,132,000
115,000
97.000
218,000
175,000
1
,000
61,000
20,000
Forwarded
83,000
Total stock—Estimated
1 ,258,000
Of which American—Est..l ,130,000
Total Import of the week
112,000
Of which American...
71,000
Amount alloat.
280.000
Of which American
234,000
5,000
94,000
78,000
1 ,229 ,000
1 ,232,000
1,111,000
85,000
92.000
262,000
216,000
1
...
.
,115,000
86,000
75.000
250,000
205,000
The tone of the
each
Liverpool market for spots and futures
day of the past week and the daily .closing prices of
spot cotton have been
as
follows:
Spot.
Saturday.
Monday.
Tuesday.
Hardening
(lood
demand.
Good
demand.
\
J
6.37
6.36
12,000
2 @5 pts.
3 @4 pts.
decline.
5%, 5.77
4%\ 6.00
6
1
Market
6.03
P. M.
7
6.10
7%\
6.16
7%
6.04
7%i 6.07
Total bales.
4,148
The
below.
J
100
Good
demand.
Good
demand.
6.35
6.40
6.39
10,000
12.000
14,000
1.000
1.000
-
Steady at
2 points
advance.
1.000
Steady at
2 points
advance.
Quiet at
1 point
decline.
Quiet at
Firm at
tSeady at
Quiet,
1 ®3Hpts. 1% ©5 pts. 5 @9% pts. 2 @3!<j pts.
decline.
advance.
advance.
decline.
Sat.
Mon.
to
12 %
April 26.
12 %
p.m.
p.m.
-ti.
_
d.
Aug.-Sep.
Sep.-Oct
-----
0
.
Dec.-Jan
Jan. - Feb.
.
Feb.-Mch.
5
5
5
5
5
—
5
5
5
5
5
5 90 tncans 5 90-100d.
Wed.
Thurs.
Fri.
12 %
4
12 %
4
4
4
12%
4
12*4
12%
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
d.
89
__
Thus:
Tues.
April 20
Oct.-Nov_
Nov.-Dec.
200
12,000
1.000
1,000
Quiet at
Steady at
1 @ 1 % pts. 2% @3 pts.
advance.
decline.
The prices are given In pence and 100ths.
1,335
373
Friday.
clause, unless otherwise stated.
April
Apr.-May
May-June
June-July
July-Aug.
1,797
-
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good
Ordinary
372
250
16
272
141
135
500
23—
advance.
Good
demand.
6.29
j
d.
Wednesday. Thursday.
Market
Dull at
?
25
30
vSales of the week
bales.
Of which speculators took.
Of which exporters took
Quiet at
April
20
25
30
Frl.
17
16
22 %
18
18 @20
20
25
30
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &e., at that port:
advance.
6
@9
6% @9
6% @9
6% @9
18020
20
25
30
18
j
4% @9
@9
5% @9
18020
20
25
30
32
45
opened
d.
Hull—April 20—Toronto, 372
London—April 19—Minnehaha, 250
Havre—April 20—La Gascogne, 16 foreign
Moltke, 2
c.
!
5
18020
Thurs.
17
16
22 %
18
18 020
30
18
32
45
c.
Quiet at
1 @3 pts.
s.
Wed.
17
16
22 %
18
_c.
Barcelona
Genoa
Trieste
Futures.
Market
1
Liverpool—April 22—Carmanla, 150 foreign
Marseilles—April 24—Gallia. 272
Bremen—April 24—Chemnitz, 141
Rotterdam—April 22—Tronto, 135
Antwerp—April 19—Finland, 500.
Barcelona—April 26—Holland. 1,335..
Genoa—April 19—Prinzess Irene, 1,795
©20
Antwerp
Ghent, via Ant
Reval, Indirect
Reval, via Canal.
Spec.&exp.
common
finest.
d.
Tues.
17
16
22 ^
18
18
I
\ Mid
| Upl’s
s.
Mon.
17
16
22 %
18
22%
c.
c.
ings,
to
d.
c.
10,000
1,000
32s Cop
Twist.
d.
d.
6.03 m
@
6.01 m
@
5.97 8 13-16®
Sat.
17
16
c.
...
Sales
April 23—Victorian, 3,145 upland, 853 foreign
To
78
8% lbs. Shirt- !Cot'n
SHIPPING NEWS.—As shown on a
previous page, the
exports of cotton from the United States the past week have
reached 140,339 bales.
The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
4
800
78
—
....
Mid. upl’ds
l
To
To
To
331
2,378
"800
—
‘T
—
10
63,493 20,723
12:15
P. M.
1906.
714 @9
8
8
prices
comparison.
8 % lbs. Shirt-
''
—
_
consid¬
previous weeks of
1907.
To
To
To
To
To
To
To
To
—
331
•
3,000
increase of 199,000 bales.
SHORT TIME IN EAST INDIAN MILLS.—Recent ad¬
vices are to the effect that the owners of the
Bombay cotton
5
12
19
26
—
1,108
According to the foregoing, Bombay appears to show an
increase compared with last year in the week’s
receipts of
5,000 bales. Exports from all ports India record a loss of
21,000 bales during the -week and since Sept. 1 show an
9 15-16®
Total.
5,313 10,274
2,360 14,281
1 ,100
13,782
...
Portland, Me
17,000
1,000
Total all—
1906-07
1905-06
1904-05
Mch
15
22
29
78
1,108
‘
1906-07
1905-06
1904-05
Calcutta—
It ;!
10
800
9,639
62,441
52,611
3,624
7,329
_
..29,448
Total.
Bombay—
ft!
331
2,368
140,339
92,000 1,973,000
Conti¬
nent.
1,100
7,329
particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Since
Sept. 1.
Since September 1.
982
Total
.
Exports from—
13,669
5,500
3,019
9,782
4,000
2,360
4,700
1,851
7,730
1,542
The
Boston
For the Week.
Liverpool—April 22—Candidate, 8,669
BRUNSWICK—To Liverpool—April 25—British Monarch, 7,329.
BOSTON—To Liverpool—April 20—Michigan, 331
BALTIMORE—To Liverpool—April 22—Rowanmore, 2,368.....
To Havre—April 20—Hempstead, 10
PHILADELPHIA—To Rotterdam—April 13—Astoria, 800
PORTLAND, ME.—To Liverpool—April 13—Kensington, 28
April 20—Southwark, 50
SAN FRANCISCO—To Japan—April 23 — Korea, 1,108.
Savannah
81,000:2,182,000
t
2,425
1,347
8,927
April 25—Jamaican, 5,000
^
Manchester—April 22—Cuban, 5,500
Havre—April 23—Bordeaux, 3,019
Bremen—April 24—West Point, 9,782
Hamburg—April 24—Hopemount, 4,000
Antwerp—April 20—Oxonian, 2,360
Oporto—April 22—Jose Gallart, 4,700
Barcelona—April 22—Jose Gallart, 1,851
Genoa—April 23—Delphlne, 7,730
SAVANNAH—To Bremen—April 20—Europa, 1,542
To Hamburg—April 22—Nessfield, 982
To Reval—Aprii 20—Europa, 1,100
1904-05.
;
Since
i
782
45
To
To
To
To
To
To
To
To
New York.
Receipts at—
LXXXIV,
Total bales.
GALVESTON—To Liverpool—April 19—Iowa, 22,074
22,074
To Manchester—April 25—Anselma de
Larrlnaga, 6,951
6,951
To Belfast—April 23—Ramore Head, 423
423
To Havre—April 19—Masconomo, 5,465
April 23—Mineola, 11,941
17,406
To Reval—April 23—Ramore Head, 1,951
1,951
To Riga—April 23—Ramore Head, 110
no
1905-06.
Season.
[VOL.
% 87
85 % 94% 82
85 % 94% 82
80 % 79
76 %
77% 76
73%
71 % 70
97%
99% 65 % 93%
63
62
62 % 91%
92% 61 %
63 % 62%
64 % 93%
60
59
59
60
61
d.
d.
92% 86
78
78
72
69 %
93%
59 %
96%
% 56
% 56
81
81
75
72
65
61
57
56
56
%
d.
89
91
83
83
77
78 %
d.
% 85
% 85
73%
75
67
62
68
%
57%
59%
56
56 % 56 % 58
97 % 57% 57
63
59
58
58
58
59
d.
d.
94
96
88
90
88
90
82
84
78 % 80
71 % 74
d.
d.
93
94
87
86 %
87
99%
81 % 80 %
% 79% 77%
72% 71 %
97
99% 69 % 68
62
61
61
61
62
65
64
64
64
65
64
63
63
63
64
63
61 %
91%
61 %
624
Ape. 27
1907.]
THE CHRONICLEThe following are closing quotations:
BREADSTUFFS.
Friday, April 26 1907.
been firm, influenced by the
Prices for wheat flour have
advance in wheat and unfavorable reports in regard to
wheat crop.
At the mills flour quotations have been
the
ad¬
vanced.
Trade here, however, has been so dull that prices
have been to a large extent nominal.
Dealers show as little
disposition as ever to replenish their supplies. Export
business has been stagnant and the shipments from the sea¬
board have been small.
Rye flour has been quiet and steady.
Corn meal has been dull but firm.
Wheat has continued to feel the effects of bad weather in
the Southwest, where there has been too little rain and too
much cold weather, and where, moreover, it is said the crop
has been damaged.
Reports differ as to the amount of the
damage, but the
of opinion is
that it has been
prices, although, as
usual, it has doubtless been exaggerated. In addition, bad
crop reports have come from Roumania and Hungary, and
those from Spain have not been altogether favorable.
It is
significant, too, that European markets begin to place more
credence in the reports of American damage, judging from
the sharp advance there of late, particularly in Liverpool.
That market, however, has also been influenced by the re¬
ports from Roumania and Hungary and the fact that offer¬
ings have been light. Another interesting factor contributing
to the advance here has been a noteworthy increase in the
export demand, which also seems to indicate that Europe
is not altogether incredulous concerning the reports of dam¬
age on this side of the water.
The weather at the North¬
west has been so cold as to delay seeding of spring wheat.
Seeding in the Canadian Northwest is said to be ten days
behind, and some fear is expressed that the acreage may be
curtailed, owing to more or less general floods in the valleys,
which, if not serious, at least mean that there is so much
consensus
sufficient to warrant
water
some
in those sections
now
advance in
that it
retards farm work.
The
Argentine shipments have also fallen off noticeably, although
the total world’s shipments last week, it is worth recalling,
vrere very much larger than in the previous week and in the
corresponding week last year. It is also true that the
Northwestern receipts have been large, and light rains in
Kansas have at times caused selling.
On the whole, how¬
ever, the market has been distinctly strong, flour has ad¬
vanced at the mills, the rise in foreign markets has greatly
encouraged the believers in better prices for wheat, and for
the first time in a long period exporters really show some de¬
sire to take hold and do business, and the actual transactions
with Europe have reached a large /volume.
To-day prices
rose sharply on sensational reports of damage
to the crop
and general buying.
The speculation was active and excited.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
ff
Sat.
Mon. Tues.
Wed. Thurs. Frl.
No. 2 red winter
_.85%
85%
87
84%
85%
88%
May delivery In elevator
87%
87 %
87%
86%
88%
90%
July delivery In elevator
88%
87%
88%
88%
88%
90%
September delivery In elevator
89%
89
90% '89%
89%
91%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat.
May delivery In elevator
July delivery In elevator
September delivery In elevator
78%
81
82%
Mon.
Wed.
Tues.
80%
78%
81%
79
81%
82%
83%
83%
78
Thurs.
78%
81%
83 %
80%
83%
85
layed.
The speculation at the West has been active, and
strength of May has had a bracing effect on the later
positions. The cash market has been strong, moreover,
and at times the export demand has been active.
The
strength of the Liverpool market has had considerable
effect here.
The receipts at Chicago have continued small
and contract supplies are still light.
Leading Chicago op¬
erators have bought freely at times, and there has been a
good demand at the West from commission houses. To-day
prices advanced on the advance in wheat, a strong cash
market and general buying.
the
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW
Cash
---57%
...55%
corn
May delivery In elevator
July delivery in elevator
M on.
Tues.
57%
57%
55%
56%
56
56 %
Wed.
58
57%
YORK.
Thurs. Fri.
58
60
58
59%
57
58 %
57%
---56%
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat.
May delivery In elevator
July delivery In elevator
September delivery In elevator.
..--47%
-48%
...48%
-
_
Oats for future delivery in the
vanced,
Mon.
Tues.
Wed.
47%
48%
48%
48%
48%
49 %
48%
49%
49%
Thurs.
49%
49%
50
50
crop
reports.
damage have caused active buying by com¬
mission houses at times and shorts have covered freely.
Much replanting will be necessary, it is stated.
The cash
market has been firm and active.
The receipts have been
light and the market has sympathized with the upward
movement in wheat.
To-day prices advanced on the rise
in wheat, bullish crop reports, covering, and buying by com¬
mission houses.
Mon.
Tues.
Wed.
Fri.
Thurs.
47
47
47%
47
47%
50%-52 % 50%-52% 50%-52% 50%-52% 50 %-52
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Sat.
Mon. Tues.
Wed. Thurs. Fri.
May delivery In elevator
44%
43%
43%
43%
44%
44%
41%
40% 41
July delivery In elevator
41% 41%
41%
No. 2 white
No. 2 mixed
No. 2 white,
49 @51
47%
50@52
Barley—Western
Feeding
f.o.b.91
clipped..
35%
35%
35%
35%
c.
No. 2 mixed
No. 2 yellow, new
No. 2 white, new.
Rye, per bush.—
No. 2 Western
State and Jersey...
96%
f.o.b.95%
f.o.b.88 %
%
f.o.b.60
.
f.o.b.57%
.
f.o.b.58
.
Nominal.
Nominal.
Nominal.
Nominal.
.
.
..
...
.
GOVERNMENT WEEKLY WEATHER REPORT.—Mr.
James Berry, Chief of the Climate and Crop Division of the
LTnited States Weather Bureau, made public on Tuesday
the telegraphic reports on the weather in the various States
for the week ending April 22, summarizing them as follows:
The week ending April 22 1907 Is the third consecutive week of abnor¬
mally cold weather In the districts east of the Mississippi River.
The period
from the 8th to the 22nd was abnormally cold throughout the country
east of the Rocky Mountains: the last seven days had a mean temperature
considerably below the normal In the Plateau regions and In all districts
to the eastward, with the exception of Florida, the temperature was de¬
cidedly below the normal, the most marked deficiencies occurring in the
central valleys. The general weather conditions of the week were unfavor¬
able In nearly all districts east of the Rocky Mountains, but on the Pacific
Coast and In the Southern Plateau region they were favorable.
Freezing
weather prevailed as far south as northwestern Texas, the central Mis¬
sissippi and upper Ohio valleys, western North Carolina and to the New
Jersey coast, with heavy frosts as far south as Arkansas and Tennessee.
Except In the Gulf States and over the southeastern Rocky Mountain slope,
where the precipitation was much above the normal, the week was genermly
dry, large areas In the central valleys and Lake region receiving no rain
or only Inappreciable showers.
There was also a practical absence of rain
on the northern New England coast, In southern Florida, southern Oregon
and over the western portions of the central and southern Plateau regions
and In California.
The drought in the central Gulf districts has been re¬
lieved
but rain Is needed over a large part of the upper Mississippi and
lower Missouri valleys.
Snow and sleet occurred over a large part of the
central valleys on the 16th and 18th, and scattered hailstorms in the South
,
Atlantic States on the 18th.
There was much cloudiness In the South
Atlantic and Gulf States, but ample sunshine In the central valleys.
The statement of the movement of breadstuffs to market as
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for each of the last three years, have been:
Wheat.
Flour.
Receipts at—
Corn.
Oats.
Rye.
Barley.
bbls.imbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bush 48Mw. bu. 56 lbs.
217,980
188,256
1,988.555
2,156,289
354,290
48,178
63.175
95,000
55.000
227.200
198,000
24,300
40,71>0
1,338,128
5,900
92,391
323,427
4.416
2.256.740
‘69,360
451.610
155,800
Minneapolls.
27,350
Toledo
39.000
121,000
134,900
40R
Detroit-.-.1,200
1,800
96,077
35.724
Cleveland
866
104.568
12,715
3.500
55.819
St. Louis
56.620
170,425
458,415
628,800
"’8’.6l8
58,500
Peoria
16.950
10,800
166,100
219.500
66,000
7.000
Kansas City.
462,000
158,000
296,800
Chicago
Milwaukee.
Duluth
-
__
...
S
Tot.wk.’07
368,417
385,190
Same wk. ’06
Same wk. ’05
269,850
4,603,988
1,782,091
2,078.915
3,222,975
1,902,278
4,299,033
3,264,112
1,835.779
2,253,889
1,159,517
732,598
729,054
119.662
106.455
69.388
Since Aug. 1.
1906-07
15,593,443 191,225,376 157,960.241 155,728.118 58.922.377 6,476,018
1905-06
14,959,384 195.085,279 139,786.956 177.330,186 68,605.778 6,819,018
1904-05
12,903,218 179,595,914 148,534,053 128.515,951 57,953,072 6.064.921
-.
.
-
--
Total receipts
the week ended
of flour and grain at the seaboard ports for
April 20 1907 follow:
Wheat,
bush.
Flour,
bbls.
Receipts at—
New York
Boston Portland
295.000
104,055
22,896
72,660
41,921
134,153
35,088
13.928
Philadelphia
62.700
Baltimore
Richmond
49,697
3,760
Newport News
37,603
19,221
New"
Orleans.o
Galveston
Montreal
Mobile
St. John..
43.170
32,700
199.000
65.719
5,120
4,496
Total week
Week 1906
Com,
bush.
586,950
178.733
25,714
36%
Oats,
bush.
Barley,
Rye.
bush.
bush.
601,500
99,600
1,000
93.370
4,480
150.150
726
‘
_
^
80,526
500.856
33.928
103,120
93,397
107.941
243,000
5,000
71,000
3,900
13,904
2,366
11,191
13.918
1,059,499
116,884
147.823
-----
15.660
2.144
62.716
*
100,096
37.177
402.943
977.217
224,557
1,069,445
1,761.729
1,059,946
1,478,256
168,685
11.111
Receipts do not include grain passing trhough New Orleans for foreign ports
through bills of lading.
a
on
as
Total receipts at ports
follows for four years:
Flour--
from Jan. 1 to April 20 compare
Wheat
Corn
Oats
1904.
1905.
1906.
5,922,042
4.821,951
3,068,995
6,375,245
...bush. 22,316,586
21,236,602
56,464,474
27,669,735
5,412,609
50,323,356
11,858,428
537,381
5,569.201
487,765
2,535,994
166,927
14,206,908
25,838,918
13,513,216
1.563.444
81,806,484
111,427.777
70,297.314
--bbls-
-
42,337,129
14,724,606
1,890,782
Barley
Rye
Total grain
464,659
55,586,046
The exports from the several seaboard ports for the week
ending April 20 1907 are shown in the annexed statement:
New York
Portland
Boston
-
bush.
_
275,008
22,896
206.511
283,300
12,988
Com,
Flour,
bush.
bbls.
79,874
564,913
25.714
86,247
189,670
665,820
103,120
21,729
72,640
1.350
Oats,
bush.
36.520
11.191
Total week
1 L. 145,067 1,731,203 304,568
Same time 1906-- 996.173 1,808.567 170.925
55,070
489,600
Philadelphia
New Orleans
Galveston
Mobile
St. John, N. B—
244.268
100,096
*4
Rye,
bush.
Peas.
bush.
382
Barley,
bush.
4,480
13,928
24,172
48,851
30,698
37.603
24,869
2.900
-4,496
37,177
Newport News
36 to 38
lbs
50 %-52 %
35%
Corn, per bush.—
c.
Oats—per bushel—
Baltimore
clipped,
September delivery In elevator
S3 60 @|3 70
3 10 @ 3 25
4 60 @ 4 96
3 65 @ 4 15
Nominal.
Nominal.
2 75 C 2 85
GRAIN.
Wheat, per bush.—
N. Duluth, No. 1
N. Duluth, No. 2
Red winter, No. 2
Hard
“
"
Exports from—
YORK.
Mixed, 26
47%
3 75 @ 4 00 Graham flour...
3 75 @ 3 90 Cornmeal
Wheat,
DAILY CLOSING PRICES OF OATS IN NEW
to321bs.
White
Patent, winter.
Kansas patents.
1907.
The reports of
Sat.
Straights
Patent, spring..
Fri.
50%
49 %
Western market have ad¬
owing to unfavorable weather and
FLOUR.
%Z 75 OSS 10 Kansas straights
2 90 @ 2 95 Kansas clears...
3 25 ® 3 50 Blended patents.
3 65 @ 3 75 Rye flour
3 95 ® 4 25 Buckwheat flour
Low grades
Second clears..
Clears
Fri.
Indian corn futures have advanced under the stimulus of
cold weather at the West, where farm work has been de¬
Sat.
1007
-----
_
-
747
1,190
-
-
-
—
-
1,689
-
-
-----
—
30
-
13,918
14,665
34.313 203,123
-
—
412
2.882
100*?
THE CHRONICLE.
The destination of these exports for the week and since
There
[VOL.
have been reports
market
for
heavy
LXXX1V.
of
some
inquiries coming
brown cottons for China,
-Flaur-Wheat—Com—
but they have failed to find
expression in the shape of
Since
Since
Since
actual business, and export grades of both brown
Week
Week
July 1
Week
July 1
July
sheetings
Exports 1or week and Apr.20.
1906.
and drills continue irregularly in favor of
1906.
Apr. 20.
1906.
Apr. 20.
buyers. Weights
since July \ to—
bbls.
bbls.
bush.
bush.
bush.
bush.
desirable for home consumption are still scarce and firm for
United Kinpdom... 178,287 5.020,309
429,792 39,479,932
425,089 25,878,865
Continent
near
75.985 2.109.704
712,055 35,842,266 1,253,041 32.030.166
deliveries, with some sellers willing to consider bids for
So. and Cent. Amer. 14,256
652,083
2.252
321,048
8,087
763,462
more distant
West Indies
positions at prices below current quotations.
25,516 1,241,558
968
11,515
42,868
1.927,128
In print-cloth yarn goods this feature is
Brit.No.Am.Colonies 9,641
71,115
8,000
1.100
82,050
quite noticeable, but
Other countries
883
157,801
379,935
1,018
163,403
both regular print cloths and other constructions are
very
firm for spots and for deliveries over the
To Oil
304,568 9,252.570 1,145,067 76.042,696 1,731.203 60,845,074
summer; regulars
Total 1905-06
170,925 8,816,522
996,173 45,601,002 1,808,567102,005,268
are quoted
unchanged at 4Joc. Business in prints has again
been liberal in comparison with the
The visible supply of grain,
supplies available, with
comprising the stocks in
sellers careful in taking forward orders.
granary at the principal points of accumulation at lake and
The printed fab¬
rics also are easier to sell than to
seaboard ports April 20 1907,
buy. Ginghams in all
was as follows:
grades are strong, with some of the lower-priced dress ging¬
Wheat,
Com.
Oats,
Rye,
Barley
bush.
hams advanced about
bu sh.
bush.
bush.
bush
5%: As noted last wreek, bleached
New York-..
1,229,000
779,000
538,000
156,000
30,000
muslins are nearly all held at value, and on that condition
afloat
Boston
orders are coming forward
223,000
2*666
474,000
quite freely. Fine grades are not
Philadelphia
224,000
135.000
139,000
obtainable at first hands in any quantity, and many lower
Baltimore
283,000
1,846,000
223,000
52,000
New Orleans...
195.000
261,000
qualities have wnrked into a like position. The market for
150,000
Oalveston
412,000
123,000
napped
and coarse, colored cottons has not presented any
Montreal
23,000
39,000
*2*9*7,666
1*666
68,000
Toronto
new feature of
22,000
9,000
importance, conditions being against buyers
Buffalo
707,000
899 ,000
619,000
1*58,666
270*666 and current business moderate.
afloat
Linings and other converted
Toledo
goods are in steady request at firm prices.
741,000
459.666
*737*666
1*9,666
afloat
WOOLEN GOODS.—A slight improvement is
Detroit
279.000
270.666
*33,666
"1*5,666
reported
2,000
afloat
this w'eek in the orders
coming
handfor
men’s
wear woolen
to
Chicago
9,756,000
1,9*77.666
l, *2*0*6* 666
5*6*9* 666
2*3*9*666 and worsted
trouserings and suitings;, but the increase has
afloat
Milwaukee
414 ,000
397,000
4lb'ooo
again failed to satisfy sellers’ expectations. Most of the
*2*666
129.666
afloat
business coming forward is in the medium grades of woolen
Fort William
4,263,000
Port Arthur
4,791,000
goods. These are as a rule well sold in qualities up to $1 50afloat
490,000
per yard, and an occasional agent is so well placed that some
Duluth
8,510,000
6,000
952,000
186,000
1,271,000
advance in price is probable in the near future.
afloat
2.590,000
The indi¬
78,000
Minneapolis
10,655,000
265".666
3.080.000
cations of greater favor towards worsted
51,000
573.000
fabrics,
St. Louisrecently
2,075,000
519,003
284,000
7,000
10,000
afloat
noled, have hardly been forthcoming this week, the re-orders
Kansas City
3.536.00J
80*2.630
*7*6", 666
being of quite moderate extent. Sellers are evidently mak¬
Peoria
222,000
195,000
894,000
20,000
ing progress with their spring lines for next year, but as
Indianapolis92,000
134,000
136.000
On Mississippi River
yet
few samp.es have been put out in the market. When
On Lakes.
272,000
77*0*,666
161.666
samples are fu’ly shown, all wool fancies wall, it is expected,
On Canal and River
again figure jrominently. Re-orders for overcoatings have
Total April 20 1907
51,987.000
10,367,000
9,946,000
1,236,000
been indifferent again, and this division of the market con¬
2,670.000
Total April 13 1907-.51.179,000
11,217,000
9.472,000
1,157,000
2,672,000
Total April 21 1906..43,943.000
tinues unsatisfactory.
7.074,000
18,190.000
In wrnolen and worsted dress goods
1,896,000
2,822,000
Total April 22 1905.-30,417,000
11,092,000
14,671.000
1,186,000
business
has reached fully average
1,983,000'
Total April 23 1904.-31.196,000
proportions, voiles,
9.912.000
8,886,000
1,0.43,003 2,858,000
Total April 25 1903-.35,56"3.000
panamas and broadcloths being in best request.
7.734,000
6,505,300 1,137.000
1,355.000
FOREIGN DRY GOODS.—Imported woolen and worsted
dress goods and men’s wear fabrics have
passed through a
quiet week without special feature. Silks and ribbons are
firm, with a fair demand. Linens continue very strong
THE DRY GOODS TRADE.
for both immediate and more distant
delivery. Burlaps are
still tending upwards, with demand in excess of
New York, Friday Night,
April 26 1907.
supply.
A change in the weather to more seasonable conditions
has Importations and Warehouse Withdrawals of Dry Goods
helped local trade somewhat, but reports from the interior
The importations and warehouse withdrawals of
dry goods
indicate that distribution is still held in check to some ex¬ at this port for the week ending April 20 1907 and since*
Jan. 1 1907, and for the
tent by low temperature.
corresponding periods of last year,
The general demand at first
are as follows:
hands has ruled moderate, but still sufficient to disclose how
a
a
g
g
2
g
2 I
g
p *j
H
clearly the market keeps sold up in the great majority of
2 -3 £
a^ng 2
o
c
^ PS
O 3
lines.
2 C+
Jobbers and the cutting-up trade, in their endeavor P I p) s? *
2,9
o c
g Xi+QC
sr o. s?
Cl
a &
n
O *-f?
2
to secure prompt deliveries of some
3
3
«
a
a
descriptions of cotton ’C3 S’
S1*
o
o
*“
3
goods, have gone over the border to Canada, but have found S «i
»■
July 1 1906 is
as
below:
the
to
-
,
..
“
’
’
"
"
“
"
'
**
"
**
“
*
*
’
*'
**
“
•*
"
-.
M
<-f
ft
f rt
—
ft
0s
•—
ce
o
o
■"I
conditions there much
as
here, supplies available for quick
Last week it was stated that some
shipments practically nil.
irregularity existed in the division
of the market most
suscep¬
tible to the influence of the
export trade; this irregularity
is still apparent and the tone in cotton
yarns
week
in
as
last.
It
is
as easy
3
D
§
E
l
05
w
c
a
directions are willing to book orders for the
distant deliveries at a considerable discount from
New York to April 20.
Great Britain
Other
China
European.
__
.
8
4
.
India
.
150
_
Arabia
Africa
_
West Indies
Mexico
Central America
South America
Other
Week.
_
countries
Total
--.
4
407
17
360
910
705
2,574
6,923
4,173
16,223
3,295
7,998
763
5,252
16,571
12,665
74,943
2,917
442
236
28
300
661
195
4,787
o
•
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O
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more
40,596
3,730
12,911
3,555
7,399
679
5.119
19,164
4,611
98,708
The value of these New York
exports since Jan. 1 has been
$4,714,786 in 1907, against $5,423,462 in 1906.
a
H
this
1906
Since
Week.
Jan. 1.
2
373
6
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DOMESTIC COTTON GOODS.—The
exports of cotton
goods from this port for the week ending April 20 were 2,574
packages, valued at $193,186, their destination being to the
points specified in the table below:
Since
Jan. 1.
834
246
i
3 2L
3
1
prices
current for spot
or near positions, particularly in goods
for converting purposes; but there is no evidence of
weak¬
ness in finished fabrics or
any delivery for which buyers are
desirous of placing orders.
Conditions outside of the actual
market, such as the course of raw material, the financial
situation, &c., play little part in current business; nor does
it seem likely that they will become active factors
for some
time to come, or while the present
scarcity of supplies con¬
tinues.
The woolen goods division shows few of the charac¬
teristics distinguishing cotton
goods, and in this buyers
have no difficulty in
securing needful supplies.
1907
,
i
•
<
r+
has been noticeable that manufacturers
some
i
•
ps
•d
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i
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ts
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.
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Apr. 27
State
City D£F/mnvrm.
News Items.
b.In
Cleveland, Ohio.—Future Bond Issues Must Be Authorized
by Vote.—The State Supreme Court on April 16 sustained
the ruling first made by Judge Phillips and later upheld by
the Circuit Court that the city had reached the limit of bonds
which could be put out under the Longworth Act (Sections
2835, 2835b, 2836 and 2837 of Revised Statutes) without
being authorized by
vote of the people.
Improve¬
provided for only by
bond issues which have been sanctioned bj^ the people, the
law specifying that two-thirds majority is necessary to au¬
Local papers state that some of the bonds which
thorize.
were to have been put on the market are as follows: General
sewers, $275,000; intercepting sewers, $275,000; new market
house, $100,000; new city-hall, $250,000; parks, $275,000;
new workhouse, $175,000; tuberculosis and contagious dis¬
ease hospital at Warrensville, $143,000; two new fire-engine
houses, $40,000; .street-openings, $20,000; new appliances
at garbage plant, $20,000, and boy’s farm at Hudson, $10,000.
In addition to these securities, upwards of ten million
dollars of bonds are contemplated for rebuilding the Central
Viaduct, for bridge building, for improvements on the lake
front and for the abolition of grade-crossings.
Connecticut.—House Passes Bill Regarding Savings De¬
posits in Banks and Trust Companies.—The House has passed
the bill regulating the investment of savings deposits of banks
and trust companies which maintain a savings department.
The text of this bill was given in^full in V. 84, p. 949.
Maine.—Amendments to Savings Bank Law.—The Legis¬
lature of 1907 made numerous changes in the savings bank
investment law by an Act approved by the Governor March
IS.
The law as it now stands is given below, that portion
of the old law omitted being indicated by brackets, while
the new portion is italicized.
first
a
ments to be made hereafter can be
SECTION 23.
Savings banks and Institutions for savings are restricted
to and hereafter may invest their deposits as follows:
«•
First, a. In the public funds of the united States and District of Columbia.
the public funds of any of the New England States and of the States
of New York, Pennsylvania, Maryland, Ohio, Indiana, Kentucky, Michigan,
Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas [and] Nebraska,
California, Oregon and Washington.
Second, a. In the bonds of the counties, cities and towns of any of the
New England States.
b. In the bonds of cities and districts In the States of New York, Penn¬
sylvania, Maryland, Ohio, Indiana, Kentucky, Michigan, Wisconsin, Min¬
nesota, Iowa, Illinois, Missouri, Kansas [and] Nebraska, California, Oregon
and Washington, having a population of seventy-five thousand or more,
when issued for municipal purposes, and which are a direct obligation on
all the taxable property therein.
c. In the bonds of counties of twenty thousand Inhabitants or more In
the States of New York, Pennsylvania, Maryland, Ohio, Indiana, Kentucky.
Michigan, Wisconsin, Minnesota. Iowa, Illinois, Missouri, Kansas [and]
Nebraska, California, Oregon and Washington, when Issued for municipal
purposes, and which are a direct obligation on all the taxable property
therein except when Issued In aid of railroads, provided that the net munici¬
pal Indebtedness of such county does not exceed 5 % of the last preceding
valuation of the property therein for the assessment of taxes.
d. In the bonds of any city of ten thousand inhabitants or more in the
States of New York, Pennsylvania, Maryland, Ohio, Indiana, Kentucky,
Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas [andl
Nebraska, California. Oregon and Washington, when Issued for municipal
purposes, and which are a direct obligation on all the taxable property
therein except when Issued In aid of railroads, provided that the net munici¬
pal 'Indebtedness of such city does not exceed 5 % of the last preceding
valuation of the property therein for the assessment of taxes.
e. In the refunding bonds of counties and cities above enumerated Issued
to take up at maturity bonds which were legal and constitutional when
issued, provided that the Interest has been fully paid on such original bonds
for at least five years last prior to such refunding; provided, further, that
such counties and cities can otherwise meet the foregoing conditions.
f. In the bonds and obligations of school district boards, boards of edu¬
cation and other corporate bodies within such cities, authorized to Issue
bonds payable primarily from taxes levied on all the taxable property In
said district; provided that the population of the district is ten thousand or
more, and the population and assessed valuation of the district are equal to
at least 90 % of the population and the assessed valuation of the city within
which such district Is located: provided, further, that the net municipal
Indebtedness of such district does not exceed 5% of the last preceding
valuation of the property therein for the assessment of taxes.
g. In the bonds or obligations of any municipal or quasl-municlpal cor¬
poration of this State, when such securities are a direct obligation on all
the taxable property of said corporation.
Third, a. In the railroad bonds of this State.
b. In the first mortgage bonds of any completed railroads of the States
of New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut,
New York. New Jersey, Pennsylvania, Maryland, Ohio, Indiana, Ken¬
tucky, Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas
and Nebraska.
c. In the first mortgage bonds of the Central Pacific, Union Pacific and
Northern Pacific railroads.
d. In the mortgage bonds of any railroad leased to any dividend-paying
railroad In New England upon terms guaranteeing the payment of a regular
stated dividend upon the stock of such leased road and the Interest on its
bonds.
e. Street railroad companies are not railroad companies within the mean¬
ing of the foregoing clauses of this section.
f. In the bonds of street railroads constructed In this State prior to
April 27 1895, and In bonds of street railroads In this State constructed
after said date, and In the first mortgage bonds of any completed street
railroad In the States of New Hampshire, Vermont, Massachusetts, Rhode
Island. Connecticut, New York, New Jersey, Pennsylvania, Maryland,
Ohio, Indiana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illinois,
Missouri, Kansas and Nebraska; provided that In the case of street railroads
constructed lh this State after April 27 1895, and In the case of street rail¬
roads In the States above named, an amount of capital stock equal to
33 1-3% of the mortgaged debt shall have been paid In, In cash, and ex¬
pended upon the road, evidenced by a certificate of the Railroad Commis¬
-
sioners of the State where the road Is located, filed In the office of the Secre¬
tary of State of this State, that said percentage has been so paid In and
expended In addition to the amount of the bonded debt: provided, further,
that In such of the above States as have no railroad commissioners having
supervision of street railroads the bank examiner of this State may ascertain
the facts and if they meet the foregoing requirement may file certificate
thereof with the Secretary of State: provided, further, that when, for any
reason, it is impossible to obtain a certificate that an amount of capital stock
equal to one-third of the bonded debt has been paid in,in cash.in lieu thereof,
such bonds may be certified as legal for the purpose hereof, on satisfactory proof
to the bank examiner that annual dividends in amount equal to five per centum
per annum on an amount of capital stock equal to one-third of the bonded debt
has been earned and paid for a period of five years next prior thereto; and all
the expenses and compensation of the bank examiner for such service shall
be paid by the railroad company seeking to make Its bonds a legal Invest¬
ment under this section, whether the same are admitted or not.
No bonds
g.In
THE CHRONICLE
1907.j
1009
secured by an open mortgage shaU be legal under this section unless the mortgage
provides that the total amount of bonds certified and outstanding under it shall
at no time exceed seventy-five per cent of the amount of cash expended upon
the road.
cfged..IIinn
consolidated or refunding bonds which
arc
of an Issue to retire the
entire funded debt under the conditions as applied to first mortgage bonds in
clauses b, c and f of this sub-division, and which are secured by a first mortgage
on the whole or any part of the system.
Fourth.
In the mortgage bonds of any water company In the New Eng¬
land States actually engaged In supplying any city or cities, town or towns,
village or villages,or other municipal corporations, with water for domestic
use and for the extinguishment of fires, whenever such
company Is earning
more than Its fixed charges and Interest on its debts and Its running expenses.
Fifth.
In bonds of any corporation other than railroads and water com¬
panies incorporated under the authority of this State and actually conduct¬
In this State the business for which such corporation was created, which
earning and are paying a regular dividend of not less than 5 % a year.
Sixth, a. In the stock of any bank or banking association Incorporated
under the authority of the State.
b. In the stock of any bank or banking association Incorporated under
the authority of the United States, if located within the New England States.
ing
are
In the stock of any
c.
railroad company of this State unencumbered by
mortgage.
d. [In the stock
of any dividend-paying railroad In New England.]
In the bonds, stock or notes of any railroad in New England which tias earned
and paid an annual dividend equivalent to five per cent on a capital stock equal
to one-third of its funded debt for a period of ten years next prior thereto, and
In the stock or notes of the New York Central & Hudson River, the Illinois
Central, the Lake Shore & Michigan Southern and the Pennsylvania Railroad
companies.
e. In the stock of any railroad leased to any dividend-paying railroad in
New England upon terms guaranteeing the payment of a regular stated
dividend upon the stock of such leased road and the Interest on Its bonds.
f. In the stock of any corporation other than railroad and water comthis State
the buslness-for
thiscorporation
State, and was
actually
conducting
{)anies,
incorporated
under authority
which of
such
created,
which
n
and Is paying a regular dividend of not less than 5 % a year.
Seventh, a. In loans secured by first mortgages of real estate In this State
and New Hampshire to an amount not exceeding AO % of the value of such
earns
real estate.
b.
any
•
•
In notes with a pledge as collateral of any [public funds or bonds of
kind or of any stocks] funds, bonds, notes or stocks which the bank or
institution would, by this section, be authorized to purchase: provided the
market value of said collateral is equal to the amount of the loan.
notes with a pledge as collateral of any savings bank deposit book
Issued by any savings bank in this State.
notes with a pledge as collateral [of the stock of any railroad or
railroads mentioned In this sectlonl of such funds, bonds, notes or stocks as
in the judgment of the trustees it is safe and for the interest of the bank to accept,
to an amount not exceeding 75 % of the market value of such [stock] funds,
bonds, notes or stocks.
loans to any
municipal corporation In this State.
loans secured by a mortgage of such personal property as in the
Judgment of the trustees It Is safe and for the Interest of the Dank to accept.
loans to any corporation owning real estate in this State and actually
conducting In this State the business for which such corporation was created.
Eighth, a. The term "net municipal indebtedness of counties” as used in
this
section
shall be construed to Include all bonds which are a direct
obligation of the county less the amount of
any sinking fund available In
the reduction of such debt.
b. The term "net municipal indebtedness of cities and districts,” as used
In this section, shall be construed to Include In the case of either not only
all bonds which are a direct obligation of the cities, but also all bonds of
the districts or boards within the same, as above enumerated, exclusive of
any such debt created for a water supply and of the amount of any sinking
fund available In reduction of such debt.
c. The number of Inhabitants of cities and counties shall be determined
by the last previous official census thereof, as established by the last
United States or State census or city or county census taken In the same
manner as United States or State census and duly certified to by the clerk
or treasurer of such city or the auditor or treasurer of such county.
Ninth.
All investments shall be charged and entered on the books of the
bank at their cost to the bank or at par when a premium is paid.
SECTION 24.
Any such bank or Institution may hold real estate in
the city or town in which such bank or Institution Is located to an amount
not exceeding 5 % of Its deposits or to an amount not exceeding its reserve
fund.
SECTION 25.
No such bank or Institution shall hold by way of invest¬
ment, or as security for loans, or both, more than one-fifth of the capital
stock of any corporation, nor Invest more than 10% of Its deposits, not
exceeding sixty thousand dollars, in the capital stock or notes of any cor¬
poration, nor have more than 50 %of its deposits In mortgages of real estate.
This section and the two preceding do not apply to real estate, or other
assets, acquired by the foreclosure of a mortgage thereon, or upon judgment
for debts, or In settlements to secure debts. This section does not apply to bonds
enumerated In the first five sub-divisions of section twenty-three of this chapter.
SECTION 26.
Savings banks and Institutions for savings may deposit on
call in banks or banking associations Incorporated under the authority of this
State, or the laws of the United States, and receive Interest for the same.
SECTION 27.
The trustees shall see to the proper investment of deposits
and funds of the corporation in the manner hereinbefore prescribed.
No
loan shall be made directly or Indirectly to any officer of the corporation
or to any firm of which such officer Is a member.
Minnesota.—Legislature Adjourns.—The Legislature of
adjourned April 24.
New York City.—Estimated Cost of Improvements.—Chief
Engineer Lewis recently submitted to the Board of Estimate
and Apportionment an estimate of the cost of improvements
already authorized by the Board or now pending, or of which
the Board has knowledge, or for which it will be called upon
to provide before Jan. 1 1910.
These improvements contem¬
plate an expenditure of nearly 200 millions of dollars. The
this State
estimates follow:
Subway loop.
tan
Manhat¬
section
$5,000,000
Subway loop, Brooklyn
section
Rapid transit line, Man¬
hattan and the Bronx
Pipe galleries In same.
Rapid transit line to
Coney Island.
_
Reconstruction ofBrook¬
lyn Bridge Terminal.
Office bldg, at Manhat¬
tan end of Bklyn Bridge
Land for structural ap¬
proaches to Manhat¬
tan
Bridge
Land for Manhattan ap-
?roach to Blackwell’s
sland Bridge.
Constr’n of approaches
to Manh. ana Black¬
well’s Island bridges.
Hudson Memorial Bdge.
City’s share of viaducts
across Grand Central
yard
Repaving streets,
boroughs
all
Relief sewers
Water-front lmp’ts
School bldgs, and sites.
j
Police
and
houses
fire-engine
Bklyn. Municipal Bldg.
Bellevue Hospital
Park const’n, all boro’s.
85,000,000 Metropolitan Museum..
8,000,000 Zoological Society
Department of Health.
15,000.000 Department of Charities
Departm’t of Correction
10,000,0001
4,000,000
1,500,000
1,600,000
1,500,000
1,500,000
250,000
2,000,000
500,000
250,000
3,250,000 Extension of Riverside
Drive to Harlem River
3,500,000 Land required for River¬
5.000,000
side Drive extension.
Park between Riverside
Drive and Hud. River
6,000,000
Owl’s Head Park......
Seaside Park at Rock-
1,500,000
3,000.000
3.500,000
2,000,000
1,500,000
away
Street and Park Open¬
ing Fund
15,000,000
4,700,000 Assessm't bonds to meet
cost of land Imp’ts
3,000,000
above
receipts
from
assessments
600,000 Completion of Public
Library
8,000,000 Margin to be allowed
within debt limit
3,000,000
12,000,000
20,000,000
Total
5,000,000
3,000,000
10,000,000
$199,650,000
Pittsburgh-Allegheny, Pa.—Hearing on consolidation case
Postponed until Fall.—The United States Supreme Court on
April 22 denied the motion to dismiss the writ of error recently
allowed in the suit brought by ex-Govemor William A. Stone
.
1010
THE CHRONICLE
and others to prevent
the consolidation of the cities of Pitts¬
The case was set for argument on
See V. 84, p. 763 and 644.
burgh and Allegheny.
Oct. 14.
Rhode
Island.—Legislature Adjourns.—The General As¬
sembly of this State adjourned April 23.
Tennessee.—Legislature Adjourns.—The Legislature of
this State adjourned April 16 1907.
Bond Calls and Redemptions.
Abington Township, Pa.—Bond Call.—Call is made for
payment May 1 at the Jenkintown National Bank in Jenkintown, Pa., of bonds Nos. 424 to 435 inclusive of the loan of
1904.
Denomination $500.
Altoona, Pa.—Bond Call.—The following bonds have been
called for payment July 1 at the
City Treasurer’s office:
City Improvement bonds of 1895, Nos. 13,
67. 70, 82, 88, 92, 102, 103, 107, 109, 131,
166, 169, 171, 183, 189, 202, 204, 209, 212,
255, 264 and 280.
Water bonds of 1894, Nos. 2, 3. 11, 12, 15,
35, 36, 37, 38, 40, 41, 43, 51, 52, 56, 61, 62,
88. 90, 92, 96, 103, 104, 105, 106, 109, 110,
125, 126, 127, 130, 133, 139, 141, 144, 150,
170, 171, 172, 177, 178, 181, 183, 185, 197,
210, 213, 214, 215, 217, 219 and 220.
20, 23, 26, 27, 36, 48, 51, 55,
139, 148, 149, 151, 156, 161,
213, 222, 229, 233, 236, 250,
16, 18, 23, 24,
63, 71, 73, 74,
112, 113, 115,
156, 159, 165,
201, 202, 204,
25, 27, 31, 34.
78. 79, 83, 84,
116, 119, 122,
167, 168, 169,
206, 207, 209,
Bolckow School District No. 65 (P. O. Bolckow), Andrew
County, Mo.—Bond Call.—Bond No. 5, for $500, bearing
6% interest and dated April 1 1894, was called for payment
April 10 at the Merchants’ Laclede National Bank
Louis.
in St.
[VOL.
LXXXIV
Glasgow, Howard County, Mo.—Bond Call.—Call
was
made for payment March 1 at the National Bank of Com¬
merce in St. Louis of $1,300
6% bonds dated March 1 1898
and numbered 2, 3 and 4.
Greenfield School District (P. O. Greenfield), Dade
County,
Mo.—Bond Call.—Bond No. 7, for $500, dated May
1 1896,
has been called for payment
Bank in St. Louis.
May 1 at the Third National
Hartford-South School District, Hartford
County, Conn.—
May 1
Bond Call.—This district has called for
payment on
at the Fidelity Company of Hartford bonds Nos.
1, 3, 4, 5, 6,
7, 8, 11, 15, 19, 20, 21, 22, 24, 25, 26, 29, 34, 35, 37, 38, 39,
40, 41, 42, 43, 44, 45, 46 and 48.
Iberia and St. Mary Drainage District (P. O.
Jeanerette),
La.—Bond Call.—The Commissioners of this district have
drawm for payment bonds Nos. 37, 55, 56 and 80.
La Plata School District (P. O. La Plata), Macon
County,
Mo.—Bond Call.—Bond No. 3, for $1,000,
bearing
5% in¬
terest, was called for payment April 10 at the State Ex¬
change Bank in Macon. Date of bond Oct. 1 1903.
Leadville School District No. 2 (P. O. Leadville), Lake
County, Colo.—Bond Call.—A. V. Hunter, District Treas¬
urer, called for payment March 11 bonds numbered 25 to 31
inclusive.
Denomination $1,000.
Liberty Township, Schuyler County, Mo.—Bond Call.—
Bond No. 26 for $500, dated March 1 1892,
was called for
payment March 1 at the Merchants-Laclede National Bank
Cape Girardeau Township, Cape Girardeau County, Mo.— of St. Louis.
was made for
Lincoln School District (P. O. Lincoln), Benton
payment April 2 at the
County,
Mississippi Valley Trust Co. in St. Louis of 43^% bonds Nos. Mo.—Bond Call.—Payment will be made May 1 at the
Mis¬
16 and 17.
Denomination $1,000.
Date April 2 1900.
sissippi Valley Trust Co. in St. Louis of 5% bonds Nos. 3 and
Carthage, Jasper County, Mo.—Bond Call.—Payment will 4, for $500 each. Securities are dated May 1 1899.
be made May 10 at the City Treasurer’s office or at the Cen¬
Lincoln School District (P. O. Lincoln), Neb.—Bond Call.
tral National Bank in
Carthage of $2,000 4% bonds dated —Call is made for payment May 1 at the office of Kountze
May 10 1900 and numbered 12 to 15, inclusive. Denomina¬ Bros, in New York City of $25,000
5% bonds dated May 1
tion $500.
—Bond Call.—Call
1897.
Carthage School District, Jasper County, Mo.—Bond Call.
was made for payment
April 1 at the National Bank of
Commerce in St. Louis of 4% bonds numbered 11 to 20 in¬
clusive and dated April 1899.
Denomination $500.
Clinton School District, Henry County, Mo.—Bond Call.—
—On May 1 payment will be made at the Citizens’ Bank of
Clinton of $1,000 5% bonds dated May 1 1897 and numbered
—Call
11 and 12.
Denomination $500.
Dade County (P. O. Greenfield), Mo.—Bond Call.—Bonds
numbered 101 to 107, inclusive, and 138 to 184,
inclusive,
for $500 each, were called for
payment April 1 at the Mer¬
chants’ Laclede National Bank in St. Louis.
Securities are
dated June 1 1894 and bear
5% interest.
Denver, Col.—Tenders of Bonds Requested.—Tenders will
m. April 30 by Chas. F.
Wilson, City
Auditor, for the sale to the city of $40,000 funding bonds.
be received until 12
Series of 1905.
Bond Call.—W. J. Fine, City Treasurer, calls
lowing bnuds for payment April 30:
the
fol¬
STORM SEWER1BONDS.
Capitol Hill Storm Sewer DIst. No. 1. bonds Nos. 400 to 550 Inclusive.
Sub-DIst. No. 5 of the Capitol Hill Storm Sewer Dlst. No.
1, bonds Nos.
9 and
10.
Sub-Dlst. No. 8 of the Capitol Hill Storm Sewer Dlst. No.
1, bond No. 9.
Sub-DIst. No. 10 of the Capitol Hill Storm Sewer Dlst. No. 1, bond
No. 13.
Sub-DIst. No. 12 of the Capitol Hill Storm Sewer Dlst. No.
1. bond No. 3
Sub-DIst. No. 20 of the Capitol Hill Storm Sewer Dlst. No.
1, bonds
Nos. 31 and 32.
Sub-DIst. No. 21 of the Capitol Hill Storm Sewer Dlst. No.
1. bonds
Nos. 14 to 23 Inclusive.
South Capitol Hill Storm Sewer Dlst., bonds Nos. 1 to 3
Inclusive.
SANITARY SEWER BONDS.
North Denver Sanitary Sewer Dlst. No. 4, bond No. 17.
North Denver Sanitary .Sewer Dlst. No. 5, bond No. 14.
SIDEWALK BONDS.
Capitol Hill Sidewalk Dlst. No. 1. bond No. 19.
Mount View Sidewalk Dlst. No. 1, bond No. 4.
Sidewalk Dlst. No. 8. bonds Nos. 17 and 18.
South Broadway Sidewalk Dlst. No. 1, bonds Nos. 20
and 21
South Broadway Sidewalk Dlst. No.
2, bond No. 13.
IMPROVEMENT BONDS.
Ash Street Improvement Dlst. No.
1, bonds Nos. 1 to 3 Inclusive.
Capitol Hill Improvement Dlst. No. 1, bonds Nos. 110 to 115 Inclusive
Capitol Hill Improvement Dlst. No. 2, bonds Nos. 73 to 76 inclusive.
Capitol Hill Improvement Dlst. No. 3, bonds Nos. 71 to 79 Inclusive.
East Capitol Hill
Improvement Dlst. No. 1, bonds Nos. 43 and 44.
East Colfax Avenue Improvement Dlst. No.
1, bonds Nos. 18 and 19.
Grant Avenue Improvement Dlst. No. 1, bonds Nos. 42 and 43.
Highlands Improvement Dlst. No. 1. bonds Nos. 21 to 23 inclusive.
Logan Avenue Improvement Dlst. No. 1, bond No. 32.
Mount View Improvement Dlst. No. 1, bond No. 21.
Ogden Street Improvement Dlst. No. 1, bond No. 9.
South Broadway Improvement Dlst. No.
1, bonds Nos. 47 and 48.
South 14th Street Improvement Dlst. No.
1. bond No. 16.
PAVING BONDS.
Alley Paving Dlst. No. 3, bond No. 16.
Alley Paving Dlst. No. 4, bond No. 10.
Alley Paving Dlst. No. 5, bonds Nos. 1 to 5 Inclusive.
Champa Street Paving Dlst. No. 1, bonds Nos. 64 to 66 Inclusive.
Grant. Logan and 7th Avenues Paving Dlst. No. 1, bonds Nos. 20
and 21.
Eighth Avenue Paving Dlst. No. 1, bonds Nos. 34 to 36
Inclusive.
Welton Street Paving Dlst. No. 1, bond No. 20.
GRADING BONDS.
North Denver Grading Dlst. No. 1, bonds Nos. 72 to
107 Inclusive.
VIADUCT BONDS.
14th Street Viaduct Dlst., bonds Nos. 745 to 750
Inclusive.
PARK BONDS.
Highland Park Dlst., bonds Nos.
1 to 138 Inclusive.
Dunklin County (Mo.) School District No. 2.—Bond Call.
—This district calls for payment May 1 at the Merchants’
Laclede National Bank in St. Louis $1,000
6% bonds dated
April 18 1896 and numbered 3 and 4. Denomination $500.
Macon, Macon County, Mo.—Bond Calls.—Call is made
for
payment May 1 at the office of N. W. Harris & Co. in New
York City of $2,500 4% bonds numbered 8 to 12 inclusive.
Denomination $500.
Date May 1 1899.
On May 8 payment will be made at the Fourth National
Bank in New York City of $2,500 5% bonds dated
May 8
1891 and numbered 16 to 20, inclusive.
Denomination $500.
Memphis, Scotland County, Mo.—Bond Call.—Call
was
made for payment Feb. 15 at the Franklin Bank in St. Louis
of a $500 5% bond dated Feb. 15 1896.
New Orleans, La.—Premium Bonds Drawn.—The follow¬
ing premium bonds of the City of New Orleans were drawn
by lot on April 16 (for payment July 15 1907), this being
the one hundred and twrenty-sixth allotment:
Series Nos. 244, 352,
1928,
4518,
6841,
9878,
1976,
4532,
7339,
9913,
588,684, 1142, 1322, 1344, 1479, 1564,
2190, 2293, 2868, 3112, 3218, 3290, 3345, 3652,
5040, 5105, 5262, 5270, 5310, 5416, 5440, 5482,
7413, 7478, 8242, 8417, 8453, 8508, 9020, 9289,
9990.
1600,
3908,
6029,
9770,
1922,
4308,
6234,
9850,
Springfield, Greene County, Mo.—Bond Call.—Call is made
Exchange National Bank
4^% 10-20-year (optional)
coupon bonds issued May 1 1896 and numbered 8 to 22 in¬
for payment May 1 at the American
in New York City of $15,000
clusive
Tacoma, Wash.—Bond Call.—The following bonds
April 6:
called for payment
Bonds Nos. 1 to 22 Inclusive of Local
Bonds Nos. 1 to
5 Inclusive of Local
Bonds Nos. 12 to 14 Inclusive of Local
vrere
Improvement District No. 226.
Improvement District No. 285.
Improvement District No. 38.
Warsaw School District (P. O. Warsaw), Benton County,
Mo.—Bond Call.—This district called for
payment April 15
at the Bank of Warsaw
5% bonds dated April 15 1896 and
numbered 9 and 10.
Denomination $500.
Wellsville School District, Montgomery
County, Mo.—
Bond Call.—Call wras made for
payment March 18 at the
Wellsville Bank of 4% bond No. 1 for $500, dated
Sept. 1
1903.
Rond Proposals and Negotiations this week
have been
as
follows:
Adairville, Logan County, Ky.—Bond Election.—An elec¬
April 30 to vote on the question of issuing
$6,000 6% electric-light bonds. Maturity 20 years, subject
tion will be held
to call at any
time.
Albany County (P. O. Albany), N. Y —Bond Offering —
William P. Hoyland, County Treasurer, wall offer for sale
at]12 m. May 6 $99,000 4% registered highway-improvement
bonds.
Interest semi-annual.
Maturity $1,000 yearly on
May 15 from 1908 to 1926 inclusive
and
1927.
$80,000
on
May 15
Amsterdam School District No. 12,
Montgomery County,
N. Y.—Bond Sale.—This district on
April 20 awarded an
issue of $5,000 4^% school-house bonds to the Amsterdam
Savings Bank of Amsterdam
Date April 20 1907.
Interest
at par.
annual.
to 1917 inclusive.
Denomination $500.
Maturity from 1908
Athens, Athens County, Ohio.—Bond Offering.—Propos¬
in. May 20 by W. B. Golden, Vil¬
lage Clerk, for $4,000 5% Cemetery Street assessment bonds.
als will be received until 12
Denomination $400.
Date March 1
1907.
Interest
semi-
APE. 27
1907.]
annual. Maturity $400 yearly on Sept. 1 from 1907 to 1916.
inclusive. Certified check for $400, payable to the Village
Treasurer, is required.
Accrued interest to be paid by pur¬
chaser.
Bidders should satisfy themselves as to the legality
of the bonds
before bidding.
Barberton, Summit County, Ohio.—Bonds
1HII
THE CHRONICLE
Authorized.—On
Buffalo, Erie County, N. Y.—Bonds Authorized.—A resolu¬
50-year
Chapter
203, Laws of 1906, as amended by Chapter 84, Laws of 1907.
Date June 1 1907.
Interest ^semi-annually at the City
Comptroller's office or at the Gallatin National Bank in
tion providing for the issuance of $500,000 4%
water-works bonds has been adopted.
Authority
New York
City.
April 15 the Village Council passed ordinances providing for
Burbank School District, Santa Clara County, Cal.—Bond
the issuance of $9,781 31 Sewer District No. 1 assessment
Election.—An
election will be held April 27 to vote on the
and $9,774 67 Sewer District No. 2 bonds.
of
issuing
$7,000 5% 4-10-year (serial) school-build¬
question
Batavia, Clermont County, Ohio.—Bond Sale.—On April
bonds.
Denomination
$1,000.
ing
22 the two issues of 4% 30-year coupon side-walk-construc¬
Burlington School District (P. O. Burlington), Des Moines
tion bonds, aggregating $5,900 and described in V. 84, p. 763,
County, Iowa.—No Action Yet Taken.—No action has yet
were awarded to Seasongood & Mayer of Cincinnati for $5,991 75 (101.555) and accrued interest—a basis of about been taken looking towards the issuance of the $150,000 4%
3.912%. A bid of $5,944 25 was also received from the Prov¬ coupon high-school-building bonds voted on March 11.
ident Savings Bank & Trust Co. of Cincinnati.
Caldwell, Noble County, Ohio.—Bonds Voted.—On April 20
Batavia Union Free School District No. 2 (P. O. Batavia), this village authorized the issuance of $11,000 5% 1-10-year
(serial) paving bonds by a vote of 224 to 42. Date of sale
Genesee County, N. Y.—Bond Bids.—The following bids
not yet determined.
were received on April 20 for the $18,000 434% school bonds
Caldwell County (P. O. Lockhart), Tex.—Bonds Proposed.
described in V. 84, p. 950:
—This county is considering the question of issuing $35,000
W. J- Hayes & Sons. Cleve__$18,360 O’Connor & Kahler, N. Y__a$18,018
Emery, Ander9on&Co.,Clev.al8,275 E. Seymour & Co., N. Y
1 18,000 coupon jail and road bonds. -Denomination $500.
Otis & Hough, Cleveland
al8,110 H. B. Cone. Batavia (for
1,000
$1,000)'
Calgary, Alberta, Canada.—Debentures Voted.—An elec¬
And accrued interest.
—
a
Battleford, Sask.—Debenture Offering.—Proposals will
be received until 6 p. m. May 15 by J. A. Mason, SecretaryTreasurer, for $30,000 5% coupon debentures.
Denomina¬
tion $6,000.
Interest annually on July 1. Maturity one
debenture yearly.
Baxley, Appling County, Ga.—Bond Election.—On April 27
this city will vote on the question of issuing $7,500 6% 20-
improvement bonds.
Bayou Mallat and Plaquemine Drainage District, St.
Landry Parish, La.—Bonds Not Sold.—No sale has yet
been made of the $17,000 5% bonds mentioned in V. 84,
p. 523.
Bayou Terre-aux-Boeufs Drainage District (P. O. St. Ber¬
nard), St. Bernard Parish, La.—Bonds Voted.—An election
held April 16 resulted in a vote of 74 (property value $29,245)
to 10 (property value $2,755) in favor of a proposition to
issue bonds for drainage and irrigation purposes.
Benton County (P. O. Camden), Tenn.—Bonds Defeated.—
On March 30 the proposition to issue the $50,000 road bonds
mentioned in V. 84, p. 705, wras defeated.
Berthoud, Larimer County, Col.—Bond Sale.—On April 9
$8,000 5% water-works bonds were awarded, $7,000 to the
Berthoud National Bank of Berthoud for the Imperial Fire
Insurance Co. of Denver at par and $1,000 to the sinking
fund as an investment.
Denomination $1,000. Date June
1 1907.
Interest semi-annual.
Maturity June 1 1922, sub¬
ject to call after June 1 1917. Securities are part of an au¬
thorized issue of $10,000, and the remaining $2,000 will not
be sold unless the money is needed.
Bethel Township School District (P. O. New Carlisle),
Clark County, Ohio.—Bond Sale.—On April 19 the $2,990,
4% 4-year coupon school-house-improvemcnt bonds described
in V. 84, p. 883, were awarded to F. A. Fissel, President of
the First National Bank of New Carlisle for $3,000 (100.334)
—a basis of about 3.91%.
Billings, Yellowstone County, Mont.—Bonds Not Sold.—
No sale has yet been made of the $400,000 coupon water¬
works, canal and ditch bonds offered on April 10. See V. 84,
year
535.
Binghamton, Broome County, N. Y.—Bond Bill Passes
Assembly.—The issuance of $70,000 Chenango River im¬
provement bonds is provided for in a bill recently passed
by the State Assembly.
Bonner School District No. 14, Missoula County, Mont.—
Bond Sale.—This district has awarded the $8,000 5-10-year
(optional) school bonds offered on March 15 (V. 84, p. 585)
to the Union Bank & Trust Co. of Helena at par for 434s,
purchaser to pay cost of printing bonds.
Bossko Township (P. O. Otto), So. Dak.—Bond Offering.—
Proposals will be received until 4 p. m. May 30 by G. L.
Wooley, Township Clerk, for $2,000 5% coupon funding
bonds.
Interest payable at Sisseton.
The township has no
bonded debt at present.
Assessed valuation 1906, $51,881.
Brenham, Washington County, Tex.—Bond Election.—An
election will be held May 14 to vote on the question of
issuing bonds for a new school building.
Bristol County (P. O. Taunton), Mass.—Bond Sale.—On
April 23 the $100,000 43^% 4-year bridge notes described
in V. 84, p. 884, were awarded to Blake Bros. & Co. of Boston
at 100.44 and accrued interest—a basis of 4.379%.
The
following bids were received:
p.
tion held March 18 resulted in favor of the proposition to
issue $120,000 water and $75,000 sewer 43^% debentures.
Maturity water-works debentures 20 years and sewer deben¬
The vote was 137 to 1.
Chemung County (P. O. Elmira), N. Y.—Bonds Re-
tures 30 years.
Awarded.—We
advised that the sale
are
on
March 20 of the
English & Co. of Elmira (V. 84,
consummated. The bonds were re¬
$26,480 4% land bonejs to
706)
p.
awarded
was
on
never
April 15.
Cherry vale, Montgomery County, Kan.—Bonds Defeated.
defeat of the proposi¬
—An election held recently resulted in
tion to issue $15,000 city-hall bonds,
mentioned in V. 84,
p.706.
Chickasaw County (P. O. Houston),
Miss.—Bond Sale.—
We are advised that the $29,000 6% drainage bonds described
in V. 83, p. 453, have been awarded to J. C. F. Sprankle of
Okolona at par.
Denomination $500. Date Feb. 1 1907.
Interest annual.
Christian County (P. O. Hopkinsville), Ky.—Bond Offer¬
ing.—On April 16 the Fiscal Court authorized the issuance of
$100,000 5% 30-year turnpike-extension bonds dated July 1
1907.
These securities will be offered at public auction on
June 4 1907.
Cincinnati, Hamilton County, Ohio.—Bond Offering.—
Proposals will be received until 12 m. May 20 by W. C. Culkins, City Auditor, for the following bonds, described in
V. 84, p. 951:
$540,000 3.65 % coupon
sale.
Gilbert Avenue Viaduct bonds.
Maturity thirty years.
Date, day of
Fifth Street Market bonds.
Date April 15 1907.
35,000 3.65 % coupon street Improvement bonds.
Maturity April 15 1947.
Date April 15 1907.
25,000 3.65%
coupon
Maturity April 15 1927.
Authority Sections 2835, 2835b, 2836 and 2837 of the Re¬
Statutes.
Denomination $500. Interest semi-an¬
nually at the American Exchange National Bank, New York
City. Certified check for 5% of the amount of bonds bid
for, payable to the City Auditor, is required. Accrued in¬
terest to be paid by purchaser.
Bonds Authorized.—The City Council recently passed or¬
dinances authorziing the issuance of the following bonds:
vised
$16,000 4% 10-year coupon Stanley Avenue (city s portion)
bonds bearing date of Issue.
17,000 3.65 % 20-year coupon Market-house-improvement
April 30 1907.
Improvement
bonds.
Date
Interest semi-annually at the Ameri¬
Exchange National Bank of New York City.
Cincinnati School District (P. O. Cincinnati), Hamilton
County, Ohio.—Bond Offering.—Proposals will be received
Denomination $500.,
can
May 27 by William Grantman, District Clerk,
public-school-improvement
Date, May 27 1907. Inter¬
est semi-annually at the American Exchange National Bank,
New York City.
Maturity 40 years. Certified check for 5%
of the amount bid for, payable to the Board of Education, is
required. Accrued interest to be paid by purchaser.
Coal Dale, Schuylkill County, Pa.—Bond Offering.—J. O.
Ulrich, Borough Solicitor (P. O. Tamaqua), is offering for
sale at 101 an issue of $16,000 4% coupon town-hall bonds.
Denomination $100 and $500.
Date, day of sale. Interest
March 1 and Sept. 1 at the Citizens’ National Bank of Lansford.
Maturity thirty years, subject to call after five years.
Bonds are exempt from all taxes.
The borough has no debt
at present.
Assessed
valuation
for
1906, $827,000.
Blake Bros. & Co., Boston... 100.44 lEstabrook & Co.. Boston
100.05
R. L. Day <Sc Co.. Boston
100.359|N. W. Harris & Co.. Boston..100.01
Cobleskill, Schoharie County, N. Y:—Bond Sale.—On
Brookhaven, Lincoln County, Miss.—Bond Offering.— April 22 the $14,000 5-18-year (serial) coupon public park
Proposals will be received until 6p.m. June 4 by the Board bonds described in V. 84, p. 884, were awarded to Leland
of Aldermen for the $15,000 coupon water and light plant Hodge at par and accrued interest for 4s.
No other bids
improvement bonds mentioned in V. 84, p. 462. Authority were received.
Mississippi Code of 1906. Denomination $500. Date Jan. 1
Cordele, Crisp County, Ga.—Bonds Voted and Sold.—On
1907.
Interest semi-annually at the City Treasurer's office.
April 19 this place, by a vote of 213 to none, authorized the
Maturity Jan. 1 1927, subject to call after Jan. 1 1912. issuance
of $35,000 sewer and $10,000 water-works 5% 30Bonds are exempt from city taxes.
Bonded debt at present,
year
bonds.
These securities, we are advised, have already
$82,000. Assessed valuation 1906, $1,010,000. R. D.
been sold
Lanier is Mayor.
until 8 p. m.
for
$250,000 3.65% coupon
bonds.
Denomination $500.
THE CHRONICLE.
1012
[VOL.
LXXXIV.
Columbus, Ohio.—Bond Sales.—The following bonds have
been purchased by the Sinking Fund at par and interest
$3,000 5 % sewer bonds.
Denomination $100.
10,000 5 % school-building bonds.
Denomination $500.
20,000 5% water-works bonds.
Denomination $1,000.
since Jan. 1:
Authority, General Laws of the State of Florida. Date
May 15 1907. Interest semi-annually on Jan. 1 and July 1.
Maturity May 15 1927. Certified check for 5% of the
amount bid for is required.
$4,000 4 % grade-crossing bonds.
Denomination $1,000.
1,500 4.!^ % Cleveland Avenue Improvement bond dated Oct. 15 1906 and
maturing Sept. 1 1908.
5.000 4% electric-light bonds maturing March 1 1936.
Denomination
•
$1,000.
50,000 4 % public-improvement (city’s portion) bonds maturing Sept. 1
1917.
Denomination $1,000.
5,000 4 % Broad Street Improvement bonds dated Jan. 2 1907 and ma¬
turing Sept. 1 1917.
Denomination $1,000.
1,200 4)i "<> Belvldere sewer bond dated Dec. IS 1906 and maturing
March 1
1909.
9,000 4 3-i % Kelton Avenue sewer bonds dated Jan. 30 1907 and maturing
March 1
3,000 4 K
1908.
Denomination $1,000.
Gates Avenue
March 1
1908.
sewer
bonds dated Jan. 30 1907 and maturing
Denomination $1,000.
1,500 4 33- % LInwood Avenue sewer bond dated Jan. 30 1907 and maturing
March 1
1909.
7,000 4)4 % Lilly Avenue sewer bonds dated Jan. 30 1907 and maturing
March 1 1909.
Denomination $1,000.
4,000 4 34 % Woodland Avenue sewer bonds dated Jan. 30 1907 and ma¬
turing March 1 1909.
Denomination $1,000.
5,000 4)4 % Broad Street Improvement bonds dated Oct. 15 1906 and ma¬
turing Sept. 1 1909.
Denomination $1,000.
4,000 4 34 % Ford Alley sewer bonds dated March 20 1907 and maturing
Sept. 1 1908.
Denomination $1,000.
10,000 4% engine-house bonds dated March 20 1907 and maturing Oct. 1
1936.
Denomination $1,000.
.50,000 4% water-works refunding bonds dated April 1 1907 and maturing
April 1 1937.
Denomination $1,000.
10,000 4)4% street-sprinkling bonds dated April 1 1907 and maturing
April 1 1909.
Denomination $1,000.
15.000 4 % Germania Street Improvement bonds dated Dec. 1 1906 and
maturing Sept. 1 1917.
Denomination $1,000.
11,000 4% Wager Street Improvement bonds dated Dec. 1 1906 and ma¬
turing Sept. 1 1917.
Denomination $1,000.
6,000 4 % Twelfth Avenue Improvement bonds dated Dec. 1 1906 and
maturing Sept. 1 1917.
Denomination $1,000.
5,000 4% Cherry Street Improvement bonds dated Dec. 1
1906 and ma
turlng Sept. 1 1917.
10,000 4% Bolivar Street Improvement bonds dated Dec. 1 1906 and ma¬
turing Sept. 1 1917.
Denomination $1,000.
4,000 4% Sixth Street Improvement bonds dated Dec. 1 1906 and ma¬
turing Sept. 1 1917.
Denomination $1,000.
6,000 4% Euclid Avenue Improvement bonds dated April 1907 and ma¬
turing Sept. 1 1918.
Denomination $1,000.
5,000 4 % Mount Pleasant Avenue improvement bonds dated April 1 1907
and maturing Sept. 1 1918.
Denomination $1,000.
7,000 4% Patterson Avenue Improvement bonds dated April 1 1907 and
maturing Sept. 1 1918.
Denomination $1,000.
9,000 4% Thirteenth Avenue Improvement bonds dated Oct. 15 1906 and
maturing Sept. 1 1917.
Denomination $1,000.
Cuyahoga County, (P. O. Cleveland) Ohio.—Note Sale.—
•On April 20 the $16,150 5% 5-year (average) Kinsman Road
No. 2 improvement notes, described in V. 84, p. 951, were
awarded to Lamprecht Bros. & Co. of Cleveland at 103.832
and accrued interest—a basis of about 4.143%.
Following
are the bids:
Des Moines, Polk County, Iowa.—Bond Offering.—Pro¬
posals will be received until 11 a. m. April 29 by John B.
Lucas, City Treasurer, for $78,000 4^% registered city-hall
bonds.
Authority an Act of State Legislature which became
a law on April 13 1907.
Denomination $1,000. Date May 1
1907.
Interest semi-annually at the City Treasurer’s office.
Maturity $10,000 on May 1 1912; $15,000 on May 1 1917;
$20,000 on May 1 1922; $5,000 yearly on May 1 from 1923 to
1926 inclusive and $13,000 on May 1 1927.
Bonds are taxexempt. Certified check drawn on some bank in Des Moines
(or a Chicago or New York draft) for$1,000, and payable to
the City Treasurer, is required.
D’Lo, Simpson County, Miss.—Bond Offering.—This town
public auction on May 6 at 2 p. m. $2,500 6%
coupon school-building bonds.
Authority Chapters 3415,
3416, 3419 and 3420, Mississippi Code 1906. Denomination
$125.
Date May 1 1907.
Interest semi-annually at the
Town Treasurer’s office.
Maturity $125 each six months
from May 1 1917 to Nov. 1 1926 inclusive.
The town has
no debt at present.
Assessed valuation $104,950; real valua¬
tion (estimated), $125,000. *
will offer at
Edina School District, Knox County, Mo.—Bond Offering.
—Proposals will be received until May 15 by C. R. Fowler,
Secretary of School Board, for $18,000 4% school bonds.
Authority, vote of 325 to 53 at election held March 16 1907.
Denominations, fifty of $100 each and twenty-six of $500
Date May 15 1907.
each.
Interest semi-annually in Edina.
Maturity May 15 1927, subject to call after May 15 1912.
The district has no debt at present.
Assessed valuation
$399,964; real valuation about $1,000,000
Elmwood, Pierce County, Wis.—Bond Offering.—Propos¬
als will be received by Andy Shaffer, Village Clerk, for $6,000
water-works bonds.
Rate of interest to be named in bids.
Maturity $300 yearly from 1908 to 1927 inclusive. Certified
check for $100, payable to the village, is required.
Encinal School District, Santa Clara County, Cal.—Bond
Offering.—Proposals
will be received until 11 a. m. May 20
Lamprecht Bros.&Co.,CIe. $16,769 00 Emery, Anders on &Co.,Cle.$ 16,675 00
by F. E. Mitchell, Chairman Board of Supervisors (P. O.
Hayden. Miller & Co..Cle_ 16,743 00 Rogers&Sons.ChagrlnFalls 16,653 86
Cleveland Trust Co., Clev. 16,727 68 W. J. Hayes & Sons, Clev. 16,620 00
San Jose), for $6,000 6% coupon school bonds.
Authority,
Secu r. Sa v. B k. &Tr. Co., Tol 16.711 00 Otis & Hough, Cleveland. 16,570 00
a resolution of the Board of Supervisors of
Santa Clara
Seasongood & Mayer, Cin_ 16,688 80 Denlson&Farnsworth.Cle. 16,631 50
County, adopted on April 15 1907. Denomination $500.
Bond Offering.—Proposals will be received until 11 a. m.
Date May 1 1907.
Interest semi-annually at the County
May 18 by the County Commissioners for $22,500 4% coupon Treasurer’s
office.
Maturity
$500 yearly on May 1 from
Parma and Brooklyn Plank Road bonds.
Authority Sec¬ 1912 to 1923 inclusive. Certified
check for 5% of bonds bid
tions 4875-1, 4875-2, 4875-3, 4875-4 and 4875-5 of the Re¬
for,
to
Henry
Pfister,
County
Clerk, is required.
payable
A.
vised Statutes; also election held Nov. 6 1906.
Denomina¬
Essex
tion $1,000, except one bond for $500.
County (P. O. Salem), Mass.—Notes Not Sold.—No
Date June 1 1907.
Interest semi-annually, April 1 and Oct. 1, at the County. satisfactory bids were received on April 22 for the $50^000
Treasurer’s office.
Maturity $2,500 on Oct. 1 1912 and 4% 1-10-year (serial) draw-bridge notes described in V. 84,
$5,000 yearly on Oct. 1 from 1913 to 1916, inclusive. Ac¬ p. 752. These securities will be re-offered a3 4J^s.
Note Offering.—Proposals are' again asked for, this time
crued interest to be paid by purchaser.
Certified check for
for notes bearing 43^% interest, and bids will be received
10% of bonds bid for, payable to the County Treasurer, is
until 11 a. m. May 6 by the County Commissioners.
Au¬
required.
Denomination
Danville School District No. 118 (P. O. Danville), Vermil¬ thority Chapter 254 of the Acts of 1905.
Date March 1 1907. Interest semi-annual. Ma¬
lion County, Ill.—Bond Offering.—Proposals will be received $5,000.
until 3 p. m. May 1 by A. A. Partlom, Secretary of Board of turity $5,000 yearly on March 1 from 1908 to 1917 inclu¬
sive.
Education, for $110,000 4% coupon ^school-building bonds.
Galt School District, Man.—Debenture Offering.—Propos¬
Securities will be dated July 1 1907 and will be delivered
als
will be received up to May 15 by W. J. Donahue, Secre¬
Sept. 1 1907. Denomination $500. Interest semi-annually
at Danville.
Maturity $7,500 yearly on July 1 from 1909 to tary-Treasurer (P. O. Lenore), for $2,200 5% debentures
dated March 1 1907.
Interest annually at the Bank of
1916 inclusive and $10,000 yearly on July 1 from 1917 to
1921 inclusive.
Certified check or cash for $2,000, payable Ottawa in Virden.
Maturity twenty years.
to the Secretary, is required.
Granite School District (P. O. Salt Lake City), Salt Lake
Bonded debt at present $61,000.
Assessed valuation $3,511,241.
County, Utah.—Bond Offering.—Proposals will be received
Dawson, Lac qui Parle County, Minn.—Bond Offering.— until 7:30 p. m. April 29 by the Board of Education at its
Proposals will be received until 7 p. m. May 11 by the Vil¬ office, No. 1900 South State Street, Salt Lake City, for $40,lage Council, Jas. O’Hara, President, for $16,000 5% water¬ 000 5% building bonds. Authority vote of 94 to 55 at elec¬
works bonds and until 8 p. m. on the same day (May 11) for tion held April 6 1907.
Denomination $1,000. Maturity
$12,000 5% electric-light bonds. Authority election held twenty years, subject to call after five years. J. D. Cum¬
April 16 1907. Denomination $1,000. Interest semi¬ mings is Clerk of Board.
annual.
Graton Catholic Separate School District No. 13, Sask.—
Maturity twenty years. Like issues of bonds
were awarded last March to Wells & Dickey Co. of Minneap¬
Debenture Offering.—Proposals will be received until 7:30
olis.
If the above offering takes the place of the former one,
p. m., May 15 (date changed from May 1), by L. L. Kramer,
we are not informed as to why the earlier sale failed
of con¬ Secretary School Board (P. O. Box 57, Regina), for $35,000
summation
5% coupon school-building debentures. Securities are
Defiance County (P. O. Defiance), Ohio.—Bond Offering.— dated May 1 1907.
Interest annual. Maturity part yearly
Proposals will be received until 12 m. May 6 by Edwin E. on May 1 for thirty years.
Hall, County Auditor, for $20,000 4*^% coupon infirmary
Greeley, Weld County, Col.—Bond Offering.—Proposals
bonds.
Authority Section 871-1 of the Revised Statutes of will be received until 7:30 p. m. May 21 by J. B. Patton, City
Ohio.
Denomination $1,000.
Date May 1 1907. Interest Clerk, for $25,000 city-hall bonds at not exceeding 5% in¬
semi-annually on March 1 and Sept. 1 at the County Treas¬ terest. Date July 1 1907. Interest semi-annual. Matur¬
urer’s office.
Maturity $5,000 yearly on Sept. 1 from 1909 ity July 1 1922, subject to call after July 1 1917. Certified
to 1912 inclusive.
Certified cheek (or cash) for 2% of bonds check for $500, payable to the City Clerk, is required.
Suc¬
bid for, drawn on some bank in Defiance, is required.
Ac¬ cessful bidder to furnish printed bonds free of charge. Bonds
crued interest to be paid by purchaser.
will be delivered to purchaser at the rate of $5,000 each
De Funiak Springs, Walton County, Fla.—Bids Rejected.— month.
Bond Offering.—All bids received on April 20 for the three
Greensboro, Guilford County, N. C.—Bond Offerings
issues of 5% bonds, aggregating $33,000, offered on that
Proposals will be received until 8 p.m. May 15 by T. J. Mur¬
day (V. 84, p. 706) were rejected. Proposals are again phy, Mayor, for $30,000 5% coupon school-bonds. Author¬
asked for these bonds and will be received until 12 m. May 15 ity,^ election held March 12 1907.
Denomination $1,000.
by D. S. Gillis, Town Clerk. The securities answer the fol¬ Date June 1 1907. Interest semi-annually at the City
Treasurer’s office.
lowing description:
Maturity June 1 1937. Certified check
.
.
?for
1013
THE CHRONICLE
Apr. 27 1907. j
2% of bonds bid for, payable to the
City Treasurer, is
required.
at hand relative to the
offering on May 3 of the $15,000 5%
school-building-addition bonds' mentioned in V. 84.
p. 954.
Proposals for these securities will be received until
8:30 p. m. on that day by the Board of Education.
Denomi¬
coupon
Hamilton, Butler County, Ohio.—Bond Offering— Pro¬
posals will be received until 12 m. to-day (April 27) by Thad. nation $1,000. Date June 1 1907. Interest semi-annually
Straub, City Auditor, for $16,000 4% Maple Avenue and at the Lakewood Trust Co. of Lakewood.
Maturity $1,000
South Second Street (city’s portion) improvement bonds.
yearly
on June 1 from 1908 to 1922 inclusive.
Bonds are
Authority Section 53 of the Municipal Code. Denomina¬
exempt
taxation.
Certified
from
check
for
$500,
payable
to
tion $500.
Date April 1 1907.
Interest semi-annual. Ma¬ the Board of
Education, is required. Bonded debt, includ¬
turity April 1 1922. Certified cheek for 5% of bonds bid
ing this issue, $34,000. Assessed valuation $5,066,125.
for, payable to the City Treasurer, is required. Accrued
Latonia, Kenton County, Ky.—Description of Bonds.—
interest to be paid by purchaser.
We are informed that the $2,100 Park Avenue improvement
Hanford, Kings County, Cal.—Bond Election.—An election
awarded on April 16 to the Central Savings Bank &
will be held April 29 to vote on the question of issuing bonds
Trust Co. of Covington at 104.523 (V. 84, p. 954) carry
$20,000 sewer, $13,000 water-main-extension, $2,000 fireDenomination $100.
alarm-extension and $5,000 fire apparatus 5% 1-40-year 6% interest, payable semi-annually.
Date April 16 1907.
Maturity April 16 1917, subject to call
(serial) bonds. Denomination $1,000. Interest annual.
after April 16 1912.
Hempstead Union Free School District No. 24 (P. O. Val¬
Latta School District No. 20 (P. O. Latta), Marion County,
ley Stream), Nassau County, N. Y.—Bond Offering.—Pro¬ S. C.—Bond
Offering.—Proposals will be received until 12 m.,
posals will be received until 4 p. m. May 1 by the Board of June
1, by J. C. Bethea, Secretary and Treasurer, for the
Education for the following bonds:
$30,000 4M % registered
new-brlck-schoolhouse bonds. Denomination $14,000 5% school-building bonds mentioned in V. 84. p.
Interest semi-annually Jan. 1
954.
Denomination $500.
$1,000.
Maturity $2,000 yearly on Jan. 1 from 1913 to
1927 Inclusive.
Certified check for $1,000, payable to the
and July 1.
Certified
check
for 5% of the bonds, payable
Treasurer of the Board of Education, required.
3,000 4 ^ % registered
schoolhouse-movlng-and-repalrlng bonds. De¬ to J. C. Bethea, Secretary and Treasurer, is required.
nomination $500.
Maturity $500 yearly on Jan. -1 from
Leesburg, Highland County, Ohio.—Bond Sale.—On
1908 to 1913 Inclusive.
Certified check for $200, payable to
the Treasurer of the Board of Education, Is required.
April 13 the $4,000 43i>% water-w'orks bonds described in
Interest semi-annually at the Bank of Rockville Centre
V. 84, p. 886, were awarded to Otis & Hough of Cleveland
in Rockville Centre
at 103.40 and accrued interest.
Herington, Dickinson County, Kan.—Bond Offering.—
Further details are at hand relative to the offering of May 13
of the $43,000 5% registered water-works bonds mentioned
in V. 84, p. 953.
Proposals will be received until 6 p. m.
on that day by B. C. Cray, City Clerk.
Authority, Chapter
101, Laws of 1905. Denomination $1,000.
Date July 1
1907.
Interest semi-annually at the fiscal agency of the
State in New York City.
Maturity July 1 1927. Certified
•check for $500, payable to the City Clerk,
is required
Bonded debt, at present, $36,000.
Assessed valuation 1906,
$287,000.
Hopewell, Mercer County, N. J.—Bond Election.—An elec¬
tion will be held April 30 to vote on the question of issuing
registered water-works bonds for the
purchase of the water-works of the Hopewell Water Co.
and the improvement of same.
Denomination $100 or mul¬
tiple. Date June 1 1907. Interest (not to exceed 43^%)
payable semi-annually. Maturity $3,000 every five years
from June^l 1912 to June 1 1937,inclusive, and$2,000 June 1
$20,000 coupon
or
1942.
Idaho.—Bond Sale.—On April 25 the eleven issues of 4%
10-20-year (optional) bonds, aggregating $279,000, described
in V. 84, p. 765, were awarded to the State of Nebraska at
par.
Ionia
County (P. O. Saranac), Mich.—Bond Election.—
27) to vote on the ques¬
An election will be held to-day (April
tion of issuing $3,500 building bonds.
Island School District, Fresno County, Cal.—Bond Sale.—
On April 13 an issue of $3,000 6% 1-5-year (serial) bonds
was awarded to the First
National Bank of Oakland at
104.453—a basis of about 4.40%.
Following are the bids:
First Nat. Bk., Oakland-.$3,133 60 [ Adams-PhllllpsCo.,LosAng.$3,120 00
Merchants’Trust Co.,Los A. 3,125 001 LosAngelesTrustCo.,Los A. 3,090 00
Denomination $600.
Date April 2 1907. Interest annual.
Jamestown, Stutsman County, N. D.—Bond Election.—
An election will be held April 29 to
issue $20,000 4% city-hall bonds.
for twenty years.
vote on a proposition to
Maturity $1,000 yearly
Kennedy Heights, Ohio.—Bond Offering.—Proposals will
be received until 12 m., May 25, by O. W. Bennett, Village
Attorney, Room 711, Fourth National Bank Building, Cin¬
cinnati, for $1,005 5% street-improvement assessment bonds.
Authority, Section 1536-2S1 of the Revised Statutes. De¬
nomination $201.
Date April 15 1907.
Interest semi¬
annual. .Maturity $201 yearly on April 15 from 1908 to
1912 inclusive.
Accrued interest to be paid by purchaser.
La Crosse, La Crosse County, Wis.—Bond Sale.—This city
has awarded the $20,000 4% coupon school-building bonds
offered on April 10 to A. B. Leach & Co. of Chicago at par.
See V. 84, p. 828, for description of these securities.
La Grande, Union County, Ore.—Bond Offering.—Pro¬
posals will be received until 8 p. m. May 10 by I. R. Snook,
City Recorder, for $160,000 5% gold coupon water-systemextension bonds.
Denomination $1,000.
Date June 1
1907.
Interest semi-annual.
Maturity June 1 1927, sub¬
ject to call after June 1 1917 upon three months’ notice.
Bonds are exempt from local taxation.
Certified check for
$2,000, payable to the City Recorder, is required.
Lakewood, Cuyahoga County, Ohio.—Bond Sale.—On
April 22 three issues of 5% 6-year (average) bonds, aggre¬
gating $17,651, were awarded to the Cleveland Trust Co. of
Cleveland at 103.778 and interest—a basis of about 4.28%.
The following bids were received:
&
Farnsworth,
Cleveland Tr. Co., Cleveland.$18,318 Denison
Cleveland & Boston
$18,094 50
Hayden. Miller & Co., Clev._ 18,232
W. J. Hayes & Sons, Cleve.. 18,169 Rocky Riv. Sav. Bk. &
Tr. Co., Rocky RIver__ 18,091 00
Otis & Hough, Cleveland
18,113
W. R. Todd & Co., CInc_. 17,686 00
For description of bonds see V. 84, p. 766, 828 and 885.
Lakewood Township School District (P. O. Lakewood),
Ocean County, N. J.—Bond Offering.—Further details are
Lewisburg, Marshall County, Tenn.—Bond Election.—An
April 30 to vote on the question of issuing
$40,000 5% water-works-system bonds.
election will be held
Lewiston|School District No. 13, Cache County, Utah.—
Bond Offering.—Proposals will be received until May 1 by
Herman H. Danielson, District Clerk, for $19,750 5% gold
school bonds.
Authority Chapter 14, Title 55, of Revised
Statutes’of 1898 as amended by Chapter 17 , Law's of 1901,
and Chapter 57, Laws of 1905; also vote of 63 to 4 at election
Denomination $500, except five bonds
held March 18 1907.
for $50 each.
Date July 1 1907. Interest semi-annually
at the Lewiston State Bank of Lewiston.
Maturity July 1
1927, subject to call after July 1 1912. Certified check for
5% of bid is required. The district has no debt at present.
Assessed valuation 1906 $494,353.
Lloydminster, Sask.—Debenture Sale.—On April 2 $6,500
5/^% debentures were awarded to Nay, Anderson & Co., of
Regina, for $6,523—the price thus being 100.353.
Magnolia, Pike County, Miss.—Bond Offering.—Further
details are at hand relative to the offering on May 15 of the
$25,000 5% school-building bonds mentioned in V. S4,
p. 954.
Proposals for these securities will be received until
8p.in.on that day by A. L. Lazar, Town Clerk. Authority,
Section 3415, Code of 1906; also vote of 81 to 2 cast at elec¬
tion held April 8 1907.
Denominations $100 and $500.
Date June 1 1907.
Interest annually at the Magnolia Bank.
Maturity $100 yearly on June 1 from 1908 to 1926 inclusive
and $23,100 June 1 1927.
Bonded debt at present $24,800.
Assessed valuation $718,777.
Official circular states^that
no
bonds have been contested and that there is no contro¬
litigation pending affecting the corporate existence
officials.
Mahoning County (Ohio) Road District No. 1.—Bond Sale.
—On April 20 the $100,000 5% coupon road-improvement
bonds described in V. 84, p. 766, were awarded to Rudolph
Kleybolte & Co. and the Provident Savings Bank & Trust
Co., both of Cincinnati, for their joint bid of 105.562—a
basis of about 4.152%.
Following are the bids:
versy or
or
titles of its present
R. Kleybolte &
Co..Cin-|
clnnatl.and Provident ^$105,562
Sav.Bk.A Tr.Co..CIn.J
Union Sav. Bk.&T.Co.,Cln 105,360
Breed & Harrison, Cln__ 105,320
Well, Roth & Co.. Cln.. 105,265
88
Emery, Anderson & Co.,
$104,760 00
Cleveland
F. L. Fuller & Co.. Clev. 104,444 44
00 W.J. Hayes & Sons. Cle.
75 Otis & Hough, Cleveland
00 Dollar Savings & Trust
Co., Youngstown
Hayden,Miller&Co.,Clev. 105,033 00
MacDonald, McCoy&Co.,
Security Savings Bank &
Trust Co., Toledo.:
Chicago
105,015 00
Hoehler&Cummlngs, Tol. 104,987 501W. R. Todd & Co., Cln..
~
-
~
“
103,871 00
103,811 00
103,750 00
103,333 00
103,000 00
Manning Independent School District (P. O. Manning),
Iowa.—Bond Offering.—Proposals w'ere
m. yesterday (April 26) by O. W. Emmons,
Secretary Board of Education, for $24,000 coupon school
building bonds at not exceeding 6% interest. Authority
Chapter 114, Laws of 1904. Denomination $500 or $1,000.
Date about June 1 1907.
Interest semi-annually at Manning.
Maturity ten years, subject to call after five years. The dis¬
trict has nb debt at present.
Assessed valuation $996,124.
Montgomery County (P. O. Dayton), Ohio.—Bond Sale.—
On April 23 the $50,000 4% 7-year (average) coupon bridge
bonds described in V. 84, p. 828, were awarded to the Dayton Savings & Trust Co. of Dayton and the Central Trust &
Safe Deposit Co. of Cincinnati at 101.256—a basis of about
3.795%. The following bids were received:
Well, Roth & Co., Clncln_$50,5l6 25
Dayton Savings & Trust]
Co
Dayton
f$50,628 00 A. Kleybolte & Co., Cine. 50,350 00
Carroll County,
asked for until 12
,
Central Trust & Safe De¬
posit Co.,
Cincinnati._J
Kleybolte & Co., Cine. 50,277 00
Hayden. Miller & Co.. Cl. 50,207 00
R.
Western-Germ. Bk., Cln. 50,580 00 Otis &
Breed & Harrison, Clnc__ 50,535 75
Hough, Cleveland. 50,195 00
Montreal, Quebec.—Debentures Authorized.—The issuance
of £1,000,000 sterling (or its equivalent) of 4% 40-year gold
debentures has been authorized.
We are informed that it
has not yet been decided whether the securities will be offered
at home or whether placed in European markets.
Interest
semi-annually in May and November. Bonded debt
present $31,000,000. Assessed valuation $200,000,000.
at
THE CHRONICLE,
1014
Mount Forest,
be received up to
Ont.—Debenture Offering.—Proposals will
April 30 for the following debentures:
$8,000 4H % debentures dated Dec. 20 1906.
Maturity part yearly lor
ten years.
5,000 4 H % debentures dated Dec. 20 1906.
Maturity part yearly for
thirty years.
5,200 \]/2 % debentures dated May 1 1907.
Maturity part yearly for
thirty years.
1,771 21
% debentures dated Dec. 20 1906.
Maturity part yearly for
twenty years.
W. C. Perry
-
is Town Clerk.
Nampa Independent School District No. 37, Canyon
County, Idaho.—Bond Offering.—-Proposals will be re¬
ceived until 8p.m. May 18 by Ida Hammond, District Clerk,
for SI5,000 5% gold coupon school-building bonds.
Au¬
thority election held March 14 1907. Denomination SI,000.
Date June 1 1907.
Interest January and July at the Han¬
over National Bank in New York City.
Maturity June 1
1927, subject to call after June 1 1917. Bonds are tax ex¬
empt. Certified check for $500, payable to Ida Hammond,
District Clerk, is required.
Bonded debt, including this
issue, $57,500. Assessed valuation $787,000. ,
Napoleon, Henry County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. May 20 by F. W. Hilgendorff, Village Clerk, for the following bonds:
$4 ,320 5% coupon Park Street special assessment sewer bonds.
Denomi¬
nation 5864.
1,650 5% coupon Cary Street special assessment sewer bonds.
Denomi¬
nation $330.
Date March 1 1907.
Interest semi-annually at the village
Treasurer’s office.
Maturity one bond of
March 1 from 1908 to 1912 inclusive.
on
for $100, payable to the
chaser to furnish blank
each issue yearly
New York draft
Village Treasurer, is required. Pur¬
lithographed bonds at his own ex¬
pense.
Nashville, Tenn.—Bond Election.—A bill providing for the
a vote at the next general
sition to issue $300,000 park bonds has
submission to
election of a propo¬
been passed by the
Council.
Newbem, Dyer County, Tenn.—Bonds Voted—Bond Offer¬
ing.—An election held April 16 resulted in favor of a propo¬
sition to issue $25,000 5% school-building and $25,000 5%
street-paving bonds. Proposals for these bonds will be re¬
ceived unitl 2 p. m., May 21, by Wm. A. Shibley, Cashier of
Farmers’ & Merchants’ Bank of Newbern.
Denomination
$1,000. Interest semi-annually. Maturity thirty years.
Certified check for $2,000, payable to the Mayor and Aiderman, is required.
H. J. Swindler is Mayor.
New Haven Township (P. O. New Haven), Huron County,
Ohio.—Corrected Maturity.—In the offering published in last
week’s issue of the $15,000 6% road-improvement bonds,
we gave the maturity of only $14,500 of the bonds—the
$500 maturing May 7 1908 having been inadvertently
omitted.
The following is the correct maturity: $500 on
May 7 in each of the years 1908 and 1909, $1,000 on May 7
1910, $1,500 on May 7 1911, $3,500 on May 7.1912 and $4,000
on May 7 in each of the years 1913 and 1914.
These securi¬
ties are coupon in form and are exempt from all taxation.
The sale of these bonds will take place on May 7, and further
details of the offerings will be found in V. 84, p. 955.
Bonded
debt, including this issue, $26,000. Assessed valuation
1906, $1,540,000.
Niborg, Turner County, So. Dak.—Bonds Not Sold.—No
sale was made on April 22 of the $5,000 5%20-year coupon
water-works bonds described in V. 84, p. 830.
North Olean (P. O. Station No. 1, Olean), Cattaraugus
County, N. Y.—Bond Sale.—The $60,000 2-26-year (serial)
registered sewer bonds described in V. 84, p. 886, were
awarded to W. J. Hayes & Sons of Cleveland at 100.15
for 4%s—a basis of about 4.486%.
The following bids were
[VOL.
LXXXIV
for $6,000 6% coupon school-building bonds.
Denomina¬
tion $1,000.
Date June 1 1907. Interest semi-annually at
place to suit purchaser.
Maturity twenty years, subject to
Bonds are exempt from taxation.
Assessed valuation, $216,380.
Palmer, Hampden County, Mass.—Bond Offering.—Pro¬
posals will be received until 7 p. m. May 6 by the Town
Treasurer for $30,000 4%% coupon grammar-school-loan
bonds.
Authority election held March 25 1907. Date
June 1 1907.
Interest semi-annually in Boston.
Maturity
$3,000 yearly on June 1 from 1908 to 1917 inclusive.
Paulding County (P. O. Paulding), Miss.—Bond Offering.
—Proposals will be received until 12 m., May 6, by T. Q.
Brame, County Clerk, for $35,000 5% court-house and jailDenomination $500.
erection bonds.
Date May 1 1907.
Interest semi-annual.
Maturity May 1 1927, subject to call
after May 1 1912.
Certified check for 5% of the amount of
bonds bid for is required.
Pittsburgh, Pa.—Washington Sub-School District.—Bond
Offering.—Proposals will be received up to May 2 by Wm. G.
Thomas, Secretary, or Edw. Davison Jr., President, for
$60,000 4% bonds.
Denomination $1,000. Date July 1
1907.
Interest semi-annually at the Arsenal Bank of
Pittsburgh. Maturity $5,000 yearly on July 1 from 1912
call after ten years.
Bonded debt this issue.
1923 inclusive.
to
Plano, Collin County, Tex.—Bonds Registered and Sold.—
Comptroller on April 4 registered $4,500 5% waterworks-improvement bonds. Denomination $500. Date March
1 1907.
Interest annual.
Maturity March 1 1947, subject
to call after March 1 1922.
These securities, we are in¬
formed, have already been disposed of.
The State
Plymouth Township (P. O. Plymouth), Richland County,
Offering.—Proposals will be received until
12 m. May 21, by Albert Kirkpatrick, Township Clerk, for
$15,000 5% coupon road-improvement bonds. Authority
an Act of General Assembly passed April 22 1904.
Denomi¬
nation $500.
Date May 21 1907.
Interest semi-annually
March 1 and September 1.
Maturity $2,000 on Sept. 1 1908,
$1,000 on Sept. 1 each of the years 1909 and 1910; $500 on
Sept. 1 1911; $1,000 on Sept. 1 1912; $500 on Sept. 1 1913;
$1,000 yearly on Sept. 1 from 1914 to 1920 inclusive; $1,500
on Sept. 1 1921,
and $500 on Sept. 1 1922. All bids must
be unconditional.
Accrued interest to be paid by purchaser
who will also be required to furnish blank bonds at his own
expense.
Certified check for $200, drawn on soipe bank in
Plymouth, is required.
Providence, Providence County, R. I.—Bond Sale.—The
$300,000 3%% gold school bonds mentioned in V. 84, p.
955, have been awarded to the Board of Commissioners of
the Sinking Funds at par.
Denomination $1,000, $5,000,
$10,000 and $20,000. Date May 1 1907. Interest semi¬
annually at the City Treasurer’s office. Maturity May 1 1937
Pueblo, Pueblo County, Col.—Bond Sale.—Reports state
that this city on April 13 awarded an issue of $136,000 4%%
10-20-year (optional) refunding bonds to E. H. Rollins &
Ohio.—Bond
Co. of Denver at 100.625 and accrued interest.
Ramsey County (P. O. St. Paul), Minn.—Bond Sale.—
following bids were received on April 22 for the $40,000
4% 7-year coupon refunding bonds described in V. 84, p. 955:
The
Scandinavian-American Bank. St. Paul
$40,100 10
Emery, Anderson & Co.. Cleveland
Harris Trust & Savings Bank, Chicago
40,000 00
a40,000 00
a
Less $290 expenses.
Springfield), Tenn.—Bond Offer¬
ing.—Proposals will be received until 12 m. June 1 by Chas.
E. Bell, Secretary, for $150,000 4% coupon pike bonds. Se¬
curities
will be dated July 1 1907.
Interest semi-annual.
received:
W. J. Hayes & Sons, Cleveland (for 4}^s)
100.15
Maturity thirty years, subject to call after twenty years.
G. M. Hahn, New York (for 4.70s)
..100.13
O’Connor & Kahler, N. Y. (for 4.75s)
100.041 The county has no debt at present.
Assessed valuation
100.00
Exchange Nat. Bank, Olean (for 5s)
:
$5,556,570.
Norwood, Hamilton County, Ohio.—Bond Sale.—On April
The official notice of this bond offering will be found among
8 the two issues of 4%% 25-year sanitary and storm-waterthe advertisements elsewhere in this Department.
sewer coupon bonds, aggregating $29,000, and described in
V. 84, p. 648, were awarded to Weil, Roth & Co. of Cincin¬
Rushsylvania Union School District (P. O. Rushsylvania)»
nati at 110%.
Logan County, Ohio.—Bond Offering.—Proposals will be re¬
Okanogan County (Wash.) School District No. 9.—Bond ceived until 1 p. m. Maj' 11 by C. E. Huston, Clerk Board of
Offering.—Proposals will be received until 10 a. m. to-day Education, for $12,000 4% school-building bonds. Author¬
(April 27) by P. H. Pinkston, County Treasurer (P. O. Con- ity Sections 3991 and 3992 of the Revised Statutes of Ohio.
conully) for $400 gold coupon building bonds at not exceed-, Date May 18 1907. Interest semi-annual. Maturity as
ing 4% interest. Denomination $200. Interest payable follows:
bond of $200 each six months from March 15 1908 to Sept. 15
at the office of the County Treasurer.
Maturity five years. $1,600—one
1911 Inclusive.
Bonds are exempt from taxation.
2,000—one
bond of $250 each six months from March 15 1912 to Sept. 15
Certified check for 1%,
1915 Inclusive.
payable to the County Treasurer, is required.
2,400—one bond of $300 each six months from March 15 1916 to Sept. 15
1919 Inclusive.
Omaha, Douglas County, Neb.—Bond Offering.—Propos¬
2,800—one bond of $350 each six months from March 15 1920 to Sept. 15
als will be received until 3 p. m. April 29 by Robt. O. Fink,
1923 Inclusive.
3,200—one bond of $400 each six months from March 15 1924 to Sept. 15
City Treasurer, for $69,000 4%% coupon street-improve¬
1927.
'
ment bonds.
Authority Section 198, Charter of 1905. De¬
Accrued
interest
to be paid by purchaser.
Certified check
nomination $500.
Date May 1 1907.
Interest annually
for
5%
amount
of the
of bonds bid for, payable to the Treas¬
at the Fiscal Agency in New York City.
Maturity $2,000
urer of the Board of Education, is required.
These bonds
on May 1 in each of the years 1909 and 1910; $5,500 on May
take the place of those awarded on April 5 to the Citizens’
1 1911; $6,000 on May 1 1912; $8,000 on May 1 1913; $10,500
Bank Co. of Rushsylvania and the Commercial & Savings
on May 1 1914; $14,500 on May 1 1915 and $20,500 on May
1 1916.
Certified check for $1,000, drawn on a national Bank Co. of Bellefontaine (V. 84, p. 887),which sale was never
consummated, owing to an error in the first advertisement.
bank and payable to the City of Omaha, is required.
St. Mathews School District No. 8 (P. O. St. Matthews),
Oronogo School District (P. O. Oronogo), Jasper County,
Mo.—Bond Offering.—Proposals will be received until Orangeburg County, S. C.—Bond Offering.—Proposals will
4 p. m., May 1, by J. L. Russell, Secretary School Board, be received until 12 m., May 15, by the Board of Trustees
Robertson County (P. O.
1016
the chronicle-
APB. 27 1907, j
Denominations: 20 bonds of $500 each, 40 bonds of $250
each and 50 bonds of $100 each.
Interest semi-annual.
Bonds mature in 1925.
Certified check for 5% of the amount
$10,000 5% 20~40year (optional) coupon school bonds.
Denomination $500. Interest annually July 1. J. H.
LoryeR is District Clerk.
Salem, Harrison Comity, W. Va.—Bonds Not Yet Sold.—
No sale has yet been made of the $31,500 5% 34-year water¬
works, paving and sewer bonds offered without success on
March 14 and again on April 11 1907. See V. 84, p. 410, for
description of bonds.
Sandusky, Erie County, Ohio.—Bond Sale.—On April 25
the $22,000 4% 10-year coupon Monroe and East and West
Park Street (city's portion) paving bonds, a description of
which was given in V. 84, p. 829, were awarded, it is stated,
to Seasongood & Mayer of Cincinnati f or $22,289 50, the price
thus being 101.315—a basis of about 3.841%.
Schenectady, Schenectady County, N. Y.—Bond Offering.
—Proposals will be received until 11 a. in. May 28 by O. S.
Luffman, City Comptroller, for the following bonds:
$30,000 4^ % registered school bonds. These securities are part of an
for
issue of $60,000 bonds maturing
from 1909 to 1918 Inclusive and
bid, payable to the President of the Board of
Shelby, Cleveland County, No. Caro.—Bonds Not to Be
Issued at Present.—We are informed that it has been decided
not to issue the $115,000 water-works and sewerage bonds
mentioned in V. 84, p. 588, until about July 1.
Sherburne County (P. O.
from
The $30,000 maturing $3,000 yearly on June 1 1909
1917 Inclusive will be taken at par by the water
sinking fund as an Investment.
370,000 4H% registered sewer bonds.
Maturity June 1 1927.
Authority Section 96, Chapter 371, of the
Elk River), Minn.—Bond Sale.—
On April 22 the $7,000 5% coupon drainage bonds described
in V. 84, p. 956, were awarded to the Bank of Elk River at
101 and accrued interest.
The following bids were received:
Bank of Elk River, Elk River.$7,0701 Minnesota Loan & Trust Co.,
M. M. Stoddard, Minneapolis. 7,0601
$7,055
Minneapolis
Snake River Valley Irrigation District (P. O. Shelley),
$3,000 yearly on June 1
$30,000 on June 1 1927.
debt
to
Commissioners,
required. Assessed valuation, $1,463,024. Real value,
(estimated), $4,389,072.
Shawville, Pontiac County, Quo.—Debenture Offering.—
Proposals will be received until May 10 by W. W. Ireland,
Secretary-Treasurer, for $25,000 5% 40-year water-works
and sewerage-system debentures.
Interest semi-annual.
is
Idaho.—Bonds Not Sold.—No sale was made on April 15 of
$275,000 5% coupon canal
Laws of 1903.
bonds offered by this district.
being offered at private sale.
Authority vote of 113 to 13 at election held March 16 1907.
Denomination $1,000.
Date June 1 1907. Interest semi¬
annual.
Certified check for 2% of bonds bid for, payable
These
securities
are
now
City Comptroller, is required. Accrued interest to be \ Denominations: 270 bonds of $1,000 each, three of $800,
paid by purchaser. Bonds will be certified to as to genuine¬ one of $700, two of $500 and three of $300 each. Date
ness by the United States Mortgage & Trust Co. and their
July 1 1907. Interest semi-annual. Maturity from 11 to
legality has been approved by J. H. Caldwell, Esq., of New 20 years,inclusive,as provided by the Idaho Irrigation Law.
York City.
| The district has no bonded debt at present. It consists of
Scranton, Lackawanna County, Pa.—No Action Yet Taken. about 25,000 acres, with an average valuation of about $40
The estimated population is 3,000.
—We are advised under date of March 19 that no further per acre.
action has yet been taken on the Mayor's recommendation to
Syracuse, Onondaga County, N. Y.—Bid Rejected.—An
offer of 101.12 and interest was received on April 24 from
issue the $1,000,000 street-improvement bonds mentioned
H. T. Leake for the $225,000 4% registered high-school
in V. 84, p.528.
bonds described in V. 84, p. 887.
This bid was rejected.
Second Drainage District of Pointe Coupee Parish, La.—
Tecumseh,
County,
Rejected.—Bond
Johnson
Neb.—Bids
Bond Offering.—Proposals will be received until 10 a. m.
Offering.—All
16
the
$12,750 4^%
bids
received
April
for
May 22 (date changed from April 27, owing to an error in
10-20-year
(optional)
bonds
described
electric-light-plant
original advertisement) by N. P. Phillips, President of Board
Proposals are again asked
of Commissioners (P. O. Torras), for $25,000 5% bonds. t in V. 84, p. 768, were rejected.
to the
■
NEW
NEW LOANS.
NEW LOANS.
LOANS
-j-_r_n_i-rwvw*»w»*e
ivmvnvi*iVi‘ir<**i*i**>****A*****A^*‘^AA*<w^***
9150,000
#1,000,000
SSOOjOOO
Robertson
City of Allegheny, Pa., City of Allegheny, Pa.,
WATER BONDS
Judgment Fund Bonds
Office of the Comptroller,
City of Allegheny,
April 18. 1007.
.
Sealed proposals will be received at this office
until 3 p. m., April 29, 1907. for the purchase of
the whole or any part of two hundred flfty thou¬
sand dollars judgment fund bonds of the city of
Allegheny, Pa.
Said bonds are a part of an Issue
of four hundred thousand dollars judgment fund
One hundred
bonds to be Issued by said city.
and flfty thousand dollars of which will be taken
Office of the Comptroller,
City of Allegheny,
April 18, 1907.
Sealed proposals will be received at this office
until 3 p. m., April 29, 1907, for the purchase
of the whole or any part of one million dollars
water bonds of the city of Allegheny, Pa.
Said
bonds will be dated April 1, 1907, and will mature
as follows:
$33,000 00 payable April 1, 1908.
$33,000 00 payable each year for
a period
of
for a period of twenty-four years.
Said bonds
will be issued In denominations of one hundred
thereafter.
April 1, 1928.
$34,000 00 payable on the first day of April of
each year for a period of nine years thereafter.
Said bonds will be Issued In denominations of
one hundred dollars each or multiples thereof to
suit purchasers.
The above bonds will bear Interest at the rate
annually on the first days of October and April
In each year at the office of the Comptroller In
the city of Allegheny, Pa., or mailed by check
to the registered holder thereof wherever pur¬
chasers may select.
may select.
A certified
to the order
by the Sinking Fund Commission of said city of
Said bonds will bear date April 1,
Allegheny.
1907, and will mature as follows:
$16,000 00 payable April 1, 1912, and bonds
In the aggregate amount of $16,000 00 payable
on the first day of April of each year thereafter
nineteen years
dollars each or multiples thereof to suit purchasers.
The above bonds will bear Interest at the rate of
four per cent per annum
Interest payable semi¬
of four per cent per annum: Interest payable
annually on the first days of October and April
In each year at the office of the Comptroller In
the city of Allegheny, Pa., or mailed by check to
the registered holder thereof wherever purchasers
national bank payable
to the order of the City Treasurer of the City of
Allegheny. Pa., for five per cent of the amount
A certified check on a
each proposal.
at the time of
delivery of bonds be credited on payment of
bonds purchased: check will be returned to un¬
successful bidders.
Purchasers must pay to the
city accrued Interest on bonds to date of deposit¬
of bonds bid for, must accompany
In case of award said deposit will
ing money.
The above bonds will be awarded to the bidder
whose proposal will be most favorable to
The right Is reserved to reject any and all bids
theclty.
for the Interest of the city.
Bids will be opened by the Mayor and Comp¬
troller in the office of the Comptroller In the city
of Allegheny, Pa., on the 29th day of April, 1907,
at 3:15 o’clock p. m.
AU proposals must be Indorsed “Proposals for
not deemed
$34,000 00 payable
Sealed bids will be received until JUNE 1ST,
1907, 12 O CLOCK NOON, for the sale of
($150,000 00) One hundred and flfty thousand
Dollars of Robertson County, Tennessee, 4%
Coupon Pike Bonds, to be Issued July 1st, 1907,
to run for 30 years,
with 20-year option, Interest
payable Semi-Annually.
The assessed value of property In Robertson
County, Tennessee, Is $5,556,570 00.
Robertson County has no other indebtedness
of any kind.
The right to accept or reject any or all bids Is
reserved.
Address all bids to Clias. E. Bell,
Sec’y, Spring-
field, Tenn.
B. C.
J. E.
J. A.
BATTS.
)
WASHINGTON, ^Committee.
CROCKER,
j
CHAS. E. BELL.
J
semi¬
check on a national bank,payable
of the City Treasurer of the city of
Allegheny, Pa., for five per cent of the amount
of bonds bid for, must accompany each proposal.
In case of award said deposit will at the time of
delivery of bonds be credited on payment of
bonds purchased: check will be returned to unsuc¬
Purchasers must pay to the city
cessful bidders.
accrued interest on bonds to date of depositing
money.
city.
deemed for the Interest of the city.
Bids
will be opened by the Mayor and Comptroller at
the office of the Comptroller in the city of Alle¬
gheny. Pa., on the 29th day of April, 1907, a
3:15 o clock p. m.
not
All
#400,000
Minneapolis
City of
BONOS
Sealed bids will be received by the Committee
Ways and Means of the City Council of the
City of Minneapolis at the office of the under¬
on
signed, THURSDAY, MAY 9, 1907, at 2 o’clock
m.. for the whole or any part of $400,000 00
lty of Minneapolis bonds.
Said bonds bear Interest at the rate of four (4)
.
The above bonds will be awarded to the bidder
whose proposal will be most favorable to the
The right Is reserved to reject any and all bids
proposals must be
City of Allegheny
Indorsed “Proposals for
Bonds” and be addressed to
JAMES BROWN.
Comptroller.
City of Allegheny Bonds” and be addressed to
JAMES BROWN.
*
County, Tenn.
Pike Bonds
per cent per annum,
dated July 1st, ^07, and
payable July 1st, 1937.
The right to reject any
or all bids is reserved.
A certified check on a national bank for two (2)
per cent of the par value of the bonds, made to
O. S. Hulbert. City Treasurer, must accompany
each bid.
Circular containing full
mailed upon application to
particulars
DAN. C.
will
be
BROWN.
City Comptroller.
Comptroller.
INVESTMENT BONDS
R.
DAY
L.
&
CO.,
Lilts »yn
Denison Jb Farnsworth,
BANKER8.
Street,
BOSTON.
8 Num Street,
NEW TORE.
Albert
B0ND8
PHILADELPHIA.
WITHOUT
Municipal,
County, State,
COUPONS
or port¬
City Bonds
EXEMPT Fit Oil STATE, OOXJNTY
AMI CITY TAXES
ly prtntod frem type. If the latter, then aan be
DELIVERED, IN FEW DAYS
Oartifleatas engraved la bast manner, or partly
lithographed and partly prlntad
ALBERT B. KIHG A CO., S06 Broadway, N.
Y.
Itriet,
Cl*Cl IfNATf, *.
with sfceeLilate borders, or lithographed,
New York
KIeybolte& Co.,
499 Walmt
Bomif
fl.BTWi I Jf sal
35 Conprecu
r»f««sL
sad
High-Oimds PiUle Ssrrlse
SssnrltlM
Carrespondanoe SoUoMad
1016
THE CHRONICLE-
for these
bonds, this time until May 14.
City Clerk.
-
C. M. Wilson is
Tilden, Madison County, Neb.—Bond Sale.—On April 6
the $18,000 5% 10-20-year (optional) coupon water-works
bonds described in V. 84, p. 708, were awarded to the Elkhorn Valley Bank of Tilden at par.
No other bids were re¬
ceived.
Troy, Rensselaer County, N. Y.—Revenue Bond Offering.—
Proposals will be received until 11 a. m. April 29 by H. W.
Gordinier, Comptroller, for $100,000 4% revenue bonds.
Authority Section 90, Chapter 182, Laws of 1898, as amended,
also an ordinance adopted by the Common Council on Dec. 20
1900 and approved by the Mayor on Jan. 4 1907.
Date
April 29 1907. Maturity Oct. 19 1907. Certified check
for 1% of bonds, payable to the City of
Troy, is required.
Accrued interest to be paid by purchaser.
Bond Sale.—On April 10 the $21,150
4% public-improve¬
ment bonds, mentioned in V. 84,
p. 708, were awarded to
Arthur Smith at par.
Denomination $1,057.50.
Date
Dec. 1 1900.
Interest semi-nnual.
Maturity $1,057.50
yearly.
Tuscaloosa County (P. O. Tuscaloosa), Ala.—Price Paid
for Bonds.—We are informed that the price paid by Seasongood & Mayer of Cincinnati for the $75,000 5% court-house
bonds awarded to them on April 9 (V. 84,
p. 957) was 102—
a
basis of about 4.801%.
Denomination $1,000. Date
July 1 1907. Interest semi-annual. Maturity twenty-
five years.
LXXXIV.
$50,000 4% public-improvement bonds.
Authority Chapter 188, Laws of
1906.
Denomination $2,500.
Maturity $2,500 yearlv nn
May 1 from 1917 to 1936 Inclusive.
50,000 4 % public-improvement bonds.
Authority Chapter 93, Laws of
1891, as amended by Chapter 131, Laws of 1907.
Denomina¬
tion $5,000.
Maturity $5,000 yearly on May 1 from 1927 to
1936 Inclusive.
l
Date May 1 1907.
Interest semi-annual. Successful
bidder to deposit a certified check for
1% of bonds bid for,
drawn on a national bank or a New York State
trust company
John J.
bank
Bannigan is City Treasurer.
Wakefield, Middlesex County, Mass.—Temporary Loan.—
This
town has borrowed
Tolman &
$40,000 for six months from Loring,
Tupper of Boston at 4.87% discount.
Washington County (P. O. Washington), Pa.—Bond Of¬
fering.—Proposals will be received until 12 m. May 1 by the
County Commissioners for $100,000 4% coupon road-im¬
provement bonds. Denomination $1,000. Date May 1 1907.
Interest semi-annually at the County Treasurer’s office.
Ma¬
turity on May 1 as follows: $5,000 in 1915, $5,000 in 1916
and $10,000 yearly from 1917 to 1925 inclusive.
These
bonds are subject to tax in Pennsylvania.
Certified check'
for $1,000, payable to the
County Cnmmissioners, is re¬
quired. H. R. Campbell is Clerk of the County Commis¬
sioners
The official notice of this bond
offering will be
the advertisements elsewhere in this
Department.
.
found among
bonds mentioned in V. 84, p. 712.
Denomination $500
Date June 15 1907.
Interest semi-annually at the
City
Auditor’s office.
Maturity one bond yearly on June 15 from
1908 to 1937 inclusive.
Bonds are exempt form taxation.
Certified check for $100, payable to the Treasurer of Wash¬
ington C. H., is required.
Bonded debt, at present, $66,555.
Wauseon School District (P. O. Wauseon), Fulton
County,
Ohio.—Bond Sale.—On April 25 the $35,000
4)J% school¬
building bonds described in V. 84, p. 888, were awarded, it
bonds:
NEW LOANS.
NEW LOANS.
$1,000,000
#100,000
Washington County, Pa.
CHARLESTON, S. G,
4% 30-Year
The City of Charleston
proposes to offer One
Dollars ($1,000,000) of 30-year bonds,
with Interest at 4 per cent, payable semi-annually,
on the 1st of July and January, under the author¬
ity of an Act of the General Assembly, entitled,
An Act to authorize the City Council of Charles¬
ton, S. C., to issue Coupon Bonds at a rate of
Interest not exceeding 4 per cent per annum, for
the purpose of taking up or exchanging the 4 per
cent coupon bonds of said city, maturing on
January 1 and July It 1909,” approved on the
13th day of February, 1907.
And of an Ordinance of the City of Charleston
entitled, “An Ordinance to provide for issuing
Coupon Bonds with interest at the rate of 4 per
cent per annum for the purpose of taking up or
exchanging the 4 per cent Coupon Bonds maturing
on January 1 and July 1, 1909,” ratified on the
12th day of March, 1907: ‘‘in exchange for One
Million Dollars ($1,000,000) of the aforesaid 4 per
cent
City of Charleston 4 Per Cent Coupon
Bonds, maturing January 1 or July 1, 1909, with
all coupons on the said bonds falling due subsequent to July 1, 1907, and for this purpose invites
Improvement Bonds
Bonds
bonds, however, to be. Issued upon cancellation
of similar amounts of the 4 Per Cent
Coupon
Bonds of the City of Charleston, falling due Janu¬
ary 1 or July 1, 1909, which may be held by the
Million
City of Charleston,
or
or
and payable to the City Treasurer, is required.
Washington C. H., Payette County, Ohio.—Bond Offering.
—Proposals will be received until 12 m. May 20 by James
J. Flynn, City Auditor, for the $6,000
sewer, drain and ditch
and the $9,000 street and
highway-improvement 4% coupon
Upton, Worcester County, Mass.—Note Sale.—On April 13
$12,000 4% funding notes were awarded to the Worcester
County Institution for Savings of Worcester. Date April 13
1907.
Interest semi-annually in April and October.
Ma¬
turity Jan. 1 1917.
Utica, Oneida County, N. Y.—Bond Sale.—On April 19
the four issues of 4% registered paving bonds
aggregating
$34,607 93, described in V. 84, p. 887, were awarded to
Isaac W. Sherrill of Poughkeepsie at par and accrued interest.
Bond Offering.—This city will offer at public auction at
12 m. on May 3, at the City Clerk’s
office, the following
CITY OF
[ VOL.
purchased under the
terms
II. R.
CAMPBELL,
Commissioner’s Clerk.
ERVIN
&
COMPANY,
BANKERS,
Mftmhnm
•
BONDS
43
(New York Stock Exchange,
} Philadelphia Stock Exchange.
FOR
INVESTMENT.
Exchange Place,
New York
Drexel
Building,
Philadelphia.
!
of the bid next hereafter called for.
THIRD.—For the sale of portion of the present
Issue of 4 Per Cent Coupon Bonds of the City of
Charleston maturing July 1 or January 1, 1909,
not
exceeding $1,000,000, with all Coupons
thereto attached falling due after July 1, 1907,
payable in cash on the first day of July, 1907.
In the event of over-subscription at acceptable
figures In any of the above cases a proportionate
allotment will be made.
Each successful bidder will be required to de¬
posit with City Treasurer within 24 hours a satis¬
factory Surety Bond or a certified check for 5 per
cent of the amount of bid awarded to him as se¬
curity for his compliance with the terms of the
bid; and in the event of non-compliance, sealed
i bids to be called for at a period not less than 15
| days for the amount defaulted on, and any loss
to the city by reason of the re-sale to be deducted
tne following:
out of the deposit or to be paid by the makers or
Sealed bids will be received by the City Treas- sureties on the bonds of bidders.
|
urer on or before 12 o’clock on
In the event of any bidder not depositing a
WEDNESDAY, I
MAY 15. 1907.
certified check or a bond within 24 hours, the city
FIRST.—For the purchase of all or any portion 1 to have the right either of
canceling the said bid
of an issue of $1,000,000 of the aforesaid 30-year and of accepting that of another
bidder, or of
4 Percent Bonds: the principal payable in 4 Per i
holding the bidder liable thereon.
Cent Coupon Bonds of the City of Charleston,
The
reserves
city
further
the
to reject
right
j
maturing January or July, 1909, with all Coupons ! any or all bids made.
thereon falling due subsequent to July 1, 1907:
These Bonds are exempt from State,
County
and any premium bid
payable In cash; settle- j and City Taxes, and in the hands of banks In
ments to be made on July 1, 1907Charleston
exempt their shareholders from all
SECOND.—For the purchase of all or any por¬ taxes to the extent of the
holding as is now the
tion of an Issue of $1,000,000 of the aforesaid case with 4
per cent Brown State Bonds.
Sealed proposals are invited for the purchase of
$100,000 4% road improvement bonds, to be
issued by Washington County, Pa., to bear date
of May 1st, 1907, and maturing
$5,000 in each
of the years 1915 and 1916, and $10,000 In each
year thereafter.
Bids to be presented to the
County Commis¬
sioner’s office. Washington, Pa., on or before
Wednesday, May 1st, at noon, accompanied by
a certified cheek for $1,000
to guarantee com¬
pliance with bid.
Right reserved to reject any or all bids.
30-year 4 Per Cent Bonds, payable in cash; said
Mac
Donald,McCoy & Go.,
MUNICIPAL
AND
CORPORATION
BONDS.
x8i La Salle
Blodget, Merritt & Co
BANKERS,
60 State
Street, Boston
30 NASSAU STREET, NEW YORK.
j
AUCTIONEERS.
Specialists In New Jersey Securities.
Regular Weekly Sales
eisele & king,
STOCKS and BONDS
BANKERS,
EYEBY WEDNESDAY.
Members of New York and Philadelphia
Stock Exchanges.
Private Wires to
N.Y. and Philadelphia.
Street, Chicago.
,
757-759 Broad St.
NEWARK.
F. B. SHERMAN & CO.
OF
Office
No.
66
WILLIAM
STREET
Corner Pino Street.
MUNICIPAL AND RAILROAD
BONDS.
MUNICIPAL
)
AND
CORPORATION
STATE, CHI & RAILROAD BONDS. 205 La Salle
Adrian H. Muller & Son
)
BONDS
LIST ON APPLICATION.
SEAS0NG00D & MATER,
Mercantile
Library B a tiding,
Street, CHICAGO
CINCINNATI.
Apr. 27
1017
THE CHRONICLE.
1907.]
1943 inclusive and $3,000 yearly from 1944
clusive.
The new issue was awarded on April 15
Brothers of New York City at 100.6S.
to
stated, to the Western German Bank of Cincinnati for
$36,580, the price thus being 104.514.
Westchester County (P. O. White Plains), N. Y.—Bond
is
Offering.—Proposals will be received until 2 p. in. May 6 by
Joseph B. See, County Treasurer, for the following bonds:
$27,677 04 4 % registered temporary loan bonds.
to 1947 in¬
to Kountze
Woonsocket, R. I.—Band sBills Pass Legislature.—The
authorizing this city "to issue $200,000 refunding and
8200,000 funding bonds have- passed both Houses of the
bills
Denomination $5,000,
Loan matures June 1 1910.
except one bond for $2,677 04.
275,000 00 4 % registered court-house bonds.
Denomination $5,000
Ma¬
turity $20,000 on June 1 1926, $25,000 on June 1 1927,
$35,000 on June 1 1928, $25,000 on June 1 1929, $15,000
on June 1 of each of the years 1930, 1931 and 1933; $35,000
on June 1 1934, $40,000 June 1 1935 and $50,000 on June 1
State
Legislature.
Wyandotte, Wayne County, Mich.—Bond Sale.—This city
has awarded 820,000 5% coupon Oak! Street paving bonds
offered on-April 11 to the Wyandotte Savings Bank
1936.
of
Denomination $5,000, except Wyandotte.
64,579 75 4 % registered funding bonds.
$1,000.
Denomination
Date
May
1
1907.
one bond of $4,579 75.
Maturity $24,579 75 on June 1
Interest annually at the Wyandotte Savings Bank.
Matur¬
1928 and $20,000 on June 1 of each of the years 193L and
1933.
ity $4,000 yearly on Nov. 1 from 1907 to 1911 inclusive.
Securities are dated June 1 1907.
Interest semi-annually Accrued interest to be paid by purchaser.
at the County Treasurer’s office in White Plains.
Certified
Yonkers, N. Y.—Bond Sale.—On April 26 the two issues
check for 5% of bonds bid for, drawn on a State or national
of 5% 2%-year assessment bonds, aggregating $51,750, were
bank or trust company, is required.
These securities will be awarded to the People’s Savings Bank of Yonkers at 100.595.
certified to as to their genuineness by the United States
York, York Couhty, Neb.—Bond Offering.—Proposals will
Mortgage & Trust Co. of New York City.
be received until 7 p. m., May 13, by George S. Newton,
Westerville, Franklin County, Ohio.—Bond Sale.—On
April 15 the 83,000 43d£% 19j^-year coupon electric-light- City Clerk, for $15,000 intersection-paving bonds at not ex¬
ceeding 5% interest. Date May 1 1907. Interest semi¬
plant bonds described in V. 84, p. 651, were awarded to annually at the Nebraska Fiscal Agency in New York City.
Otis & Hough of Cleveland for 83,070, the price thus being
Maturity May 1 1927. Certified check for 2% of bonds
102.333—a basis of about 4.322%.
bid for is required.
West Seneca (Town), Erie County, N. Y.—Bond Sale.—
Youngstown, Ohio.—Bond Offering.—Proposals will be
On April 25 the 8225,000 5% sewer bonds described in V.. 84,
received until 2p.m. May 6 by Wm. I. Davies, City Auditor,
p. 889, were awarded to Meadows, Williams & Co., of Buffalo,
for the following bonds:
*and Otis & Hough of Cleveland at 106.27.
.
Wilmington School District (P. O. Wilmington), Newcas¬
tle County, Del.—Bond Offering.—Proposals will be received
until 8 p. m. May 13 by the Board of Eucation for 860,000
4% coupon school-building bonds. Denomination 81,000.
Maturity 820,000 in each of the years 1913, 1914 and 1915.
Bids must be made on forms prepared by the Board of Edu¬
cation.
Harry J. Guthrie is Secretary of Board of Educa¬
tion.
Woodbury, Gloucester County, N. J.—Bond Sale— No
sale was made on April 8 of the 884,000 4% coupon sewer
bonds described in V. 84, p. 830.
The city subsequently
changed the issue to 4)^s, maturing 82,000 yearly from 1908
$50,875 5% Oak Hill Avenue paving: bonds.
Maturity $10,175 yearly on
Oct. 1 from 1908 to 1912 Inclusive.
14,250 5% Front and Canal .Street paving bonds.
Maturity $2,850
yearly on Oct. 1 from 1908 to 1912 Inclusive.
1,295 5% sldewalk-contructlon bonds.
Maturity $259 yearly on Oct. 1
from 1908 to 1912 Inclusive.
The above bonds will be dated
accompanied by a certified check for 2% of the bonds bid for,
payable to the City Auditor. Purchasers must be prepared
to take the bonds not later than May 13, the money to be
delivered at one of the banks in Youngstown or at the City
Treasurer’s office.
MISCELLANEOUS.
INVESTMENTS.
A
Or
THE
OF
ATLANTIC MUTUAL INSURANCE COMPANY.
Plea for Conservative
a
OFFICE
Courtship
Financial
Investments
I$rew York, January 22d, 1907.
\ .’
’
(By Fraak W. Rtllu)
The above book will be furnished
without
cost
application
on
E. H. ROLLINS &
to
SONS, 21 Milk
T
ic
Charter of the Company, submit the following
on the 31s* of December, 19,06.
Marine Risks from 1st January, 1906, to 31st December, 1906
Policies not marked off 1st January, 1906
-
Trustees, in conformity with, the
,
Premiums on
Premiums on
St., Boston.
statement of its affairs
$3,190,241 67
98
582,191
—
$3,772,433 65
$3,081,714 32
.
Total Marine Premiums
Perry, Coffin & Burr,
INVESTMENT BONDS,
60 State
Interest
May 13 1907.
semi-annually at the office of the City Treasurer. Bids must
be made for each block of bonds separately and must be
.
Premiums, marked off from 1st January,
Interest received during: the yt,ar
Rent, less Taxes and Expenses
Losses paid during the year
and previous years
Losses occurred, estimated
1906, to 31st December, 1906
$356,457 98
$481,959 83
.125,501 85
x
which were estimated In 1905
and paid In 1906_;
Less Salvages
Re-insurances
$309,817 14
1,009,224 32 $1,319,041 46
$107,170 57
150,190 74
;
Street,
257,367 31
$1,061,674 15
BOSTON.
$62,411 11
Returns of Premiums
Expenses, Including
officers’ salaries and clerks’ compensation, staj
tionery, newspapers,
advertisements, etc
s,
Company has the following Assets, viz.:
United States and State of New York Stock, City, Bank
$344,098 27
The
Special deposits in Banks
THE
SOUTH.
Property and Investments of every
Kind in all Southern States.
METROPOLITAN INVESTMENT 00.,
GEO. B. EDWARDS. President. Charleston. S.
C.,
Established 1885.
H. C.
Speer & Sons Co.
First Nat Bank
CITY
Building, Chicago
COUNTY
ROM
Premium notes and Bills Receivable
Cash in hands of European Bankers
countries
Cash In bank
<&
PHELPS.
New York
National Starch Manufacturing Co.
29 Wall
S+.,
1st
Gold 6%
THE
NORTHERN AUDIT CO.
Broadway, New York
“
CHAS. GRISWOLD
BOURNE, President
Telephone 4592 Broad
Place
700,966 67
-
$4,299,000 00
75,000 00
4,374,000 00
1,191,974 88
---
to pay losses under
policies payable in foreign
271,142 54
562,631 63
—
•
—
1
Aggregating
$12,797.823 72
certificates of profits will be paid to the
the Fifth of February next.
and paid to the holders thereof,
fifth of February next, from which date
of payment, and canceled
earned premiums of the Company for the
application, certificates will be Issued on and
A dividend of Six per cent Interest on the outstanding
holders thereof, or their legal representatives, on and after Tuesday
The outstanding certificates of the issue of 1901 will be redeemed
or their legal representatives, on and after Tuesday the
all Interest thereon will cease.
The certificates to be produced at the time
A dividend of Forty per cent Is declared on the net
year ending 31st December, 1906, for which, upon
after Tuesday the seventn of May next.
By order of the Board,
G. STANTON FLOYD-JONES.
AND TOWNSHIP
VICKERS
91!
and other Securities
and Trust Companies
Real Estate corner Wall and William Sts., and Exchange
Other Real Estate and claims due the Company
Secretary.
TRUSTEES.
GUSTAV AMSTNCK.
FRANCIS M. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN,
JOSEPH IT. CHAPMAN.
GEORGE C. CLARK,
CLEVELAND H..DODGE,
CORNELIUS ELDERT,
RICHARD H. EWART,
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
ANSON W. HARD.
MORRIS K. JKSUP.
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY.
CHARLES H. MARSHALL,
W. II. H. MOORE,
NICHOLAS F. PALMER,
HENRY PARISH.
DALLAS B. PRATT.
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKER.
DOUGLAS ROBINSON.
GUSTAV II. SCHWAB,
WILLIAM A. STREET.
A. A. RAVEN. President.
CORNELIUS ELDERT. Vice-President.
.TAMES
L.
„
LTVTNGSTON. 2d Vice-President.
COBB, 3d Vice-President.
FAY. 4th Vice-President.
SANFORD E.
CHARLES E.
101*
THE
CHRONICLE.
IJCXXXV.
financial
financial.
CA8urpLu« B $11,000,000
TITLE guarantee
and TRUST
COMPANY
176 Broadway, New York.
17S Rem sen Street, Brooklyn.
198
Montague Street, Brooklyn Banking Dept.
Examines d guaraaisef Beal Estate
Loans
Money
en Bond and
Titles*
Mortgage,
Burnishes Mortgages to Investors.
Receives Deposits subject to check,
allowing
Interest.
Does all Trust Gotnpany Business.
FINANCE COMMITTEE.
In Charge of Banking Interests
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MAR8TON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H. SQHIFF.
JAMES SPEYER.
EDWARD O. STANLEY
,
AS AN
INVESTMENT
There s nothing more safe, more sure, more profitable—in the
telephone
business—than tlie securities of an independent telephone
company operating
our AUTOMATIC TELEPHONE SYSTEM—
BECAUSE it gives more service, better service, prompter service, more accurate
service, than
manual system (and also an absolutely secret service, which
no manual system can
give), and
BECAUSE it costs less to operate, less to maintain,less to enlarge than a manual
system, or
TO SUM IT ALL UP, the AUTOMATIC TELEPHONE SYSTEM
produces a
better telephone service, commanding a higher price, at less cost than in¬
ferior service can be produced for by a manual system.
THAT IS THE REASON WHY the AUTOMATIC TELEPHONE SYSTEM
makes the securities of the company using it safe, stable and
profitable,
and why it has been
the following cities:
Aberdeen 8. D.
Akron. Ohio.
Allentown. Pa.
Auburn. Me.
Auburn, N. Y.
Battle Creek Mlcb.
Beaver Falla, Pa.
Bellingham. Wash.
Butte, Mont.
Cadillac. Mich.
Champaign, Ill.
Chicago, IU.
Cleburne, Texas.
Columbus. Oa.
Columbus. Ohio.
Dayton, Ohio.
Denver
Colo.
adopted by the Independent telephone
El Paso, Texas.
Emaus, Pa.
Fall River, Mass
Grand Rapids Mich. '
Hastings. Nebr.
Havana, Cuba.
Hazleton. Pa.
Holland, Mich.
Hopkinsville, Ky.
Jonesboro, Ark.
Lake Benton, Minn.
Lewiston, Me.
Lincoln, Nebr.
Los Angeles, Cal.
Manchester, Iowa.
Marlanao, Cuba
Marlon. Ind.
-
Medford, WIs.
Mlamlsburg Ohio.
Mt. Olive, Ill.
New Bedford, Mass.
Oakland. Cal.
EDWARD O. STANLEY, Second Vice President.
Manager Banking Department.
CLINTON D. BURDICK. Third Vice President.
J. WRAY CLEVELAND, Secretary.
FRANK
ARTHUR TERRY, Treasurer.
L. SNIFFEN
Manager Brooklyn
Banking
Department.
THE INTERNATIONAL BANK,
60
WALL
STREET.
N. Y.
Capital and Surplus, .
Deposits,
.....
$600,000
1,750,000
South Bend. Ind.
Spokane, Wash.
Springfield. Mo.
St. Mary's. Ohio.
Individual and Commercial Accounts Invited
Tacoma. Wash
Toronto, Junction, Oan.
Traverse
Facilities Afforded for Transacting
Foreign and Domestic Business
City. Mich.
.
.
Urbana, Illinois.
Van Wert. Ohio.
Walla Walla. Wash.
Wausau. WIs.
Westerly, R. 1.
Wilmington. Del.
Woodstock, N. B.
Diego, dal.
Frandsoo. Cal.
Morgan Streets
18M
in
Saskatoon, Saak., Can.
Sioux City Iowa.
Ocean Park Cal.
Omaha. Nebr.
Pentwatsr. Mich.
Portland, Me.
Portland. Ore.
Prlnoeton. N. J.
Richmond. Ind.
Riverside, Cal.
Rochester, Pa.
Rushvllle. Ind.
San
San
companies
Santa Monica, Oal.
AUTOMATIC ELECTRIC
Van By ran and
CLARENCE H. KELSEY. President.
FRANK BAILEY, Vice President.
a
INTEREST PAID ON TERM DEPOSITS
Oan.
CO.,
CHICAGO U. 8. A
THOS. H. HUBBARD. President.
JAMBS S. FEARON. Vice-President
JOHN HUBBARD .Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINGOTT. Asst. Gaahier.
1M7
The United States Life
RANGE
OF PRICES
JOHN M. GILLESPIE,
FOR 25 YBAB8.
Insurance Co.
Room No. 518 Allan tie Building,
40-51 Wall Street.
NEW YORK.
188 2—19 06.
IX THE CUT 0? NEW Y0BK
Httjjitieem
Issues Gauranteed Contracts-
JOHN P.
OUB ANNUAL
MUNN, M.D., President.
H.
THE FINANCIAL REVIEW
Finance Committee
JAMES R. PLUM
M.
ASSOCIATED
Leather
OLARKNCE H.
KELSEY. Pres. Tttls Guar. A Tr.Oo.
WM.H. PORTER..J»res. Chamleal Nattsnal Bank
Qtres
a
monthly range of Stock and Bond Prions Mr
five yean.
Good men, whether experienced In life Insurance
or not. may make direct contracts with this Gem
pany.for a limited territory If desired,and secure
for themselves, In addition to first year's commis¬
sion. a renewal Interest Insuring an lnoome for the
future.
Address the Company at tts Home Office.
No. 277 Broadway, New York City.
FOR SALE.
Second-hand set
OHBONIOLE VOLUMES
We
eaa
Wm. Barclay
WITH
Parsons,
Consulting Engineers
supply
00 WALL ST.,
1887
NEW YORK
issue,which gives 1882-1880
1892
«
ft
ft
1887-1891
Examinations, Design, Construction and
Operation
1897
ft
ft
ft
1892-1896
ELECTRICAL PROPERTIES
1902
ft
*
tt
1897-1901
1907
tf
ft
u
1902-1906
Some earlier issues may be had at $5
Unsatisfactory Operation Investigated.
BEADLE & MAXWELL.
a
c*py.
1895-1905.
The volumes contain only one of each
of the Supplements.
Brinckerhoff,
Formerly General Manager and Electrical
Engineer the Metropolitan West 81de Ele¬
vated RJti., Chicago,
Goa and Elootrio
ENGINEERS
82 Beaver St.,
NEW TOBJC
Examination* and Reports
PRICE $2 PER COPY.
ERNEST ABS-HAGEN, C.E., M.E.
CONSULTING ENGINEER
Oommercial & Financial Chronicle,
763^ Pine St., New Tork.
Commercial & Financial Chronicle
76H Fm STREET, NEW TORN
Water Supply,
Sewerage Systems,
Fewer Plants
KxsmlnsUisis asd Reports on Latin;
Ameiioan Industrial Prefect* u Specialty
t BROADWAY
NEW YORK
Mercantile Trust Co.
$xnst ©nmjratties.
CITY TRUST CO. OLD COLONY
Capital and Surplus, $9,500,000
WM. MAFFITT,
FESTUS J. WADE.
Treasurer
President.
Capital & Surplus,
Transacts
16, 1899
Commenced business Nov.
Nov. 16.1899
A
Nov. 16. 1900
Capital and Surplus,
and
A GENERAL
BANKING
BUSINESS.
ALLOWS INTEREST ON
DAILY
BALANCES SUBJECT TO
CHECK.
TRUSTEE UNDER MORTGAG¬
ES.
REGISTRAR.
TRANSFER AGENT.
TRANSACTS
Stock.
Trustee.
BOARD OF DIRECTORS:
PHILIP STOCKTON, President.
Charles F. Adams 2d.
George E. Keith,
1902
621,882,734 64
Nov.16,1903 $21,756,471 73
T. JEFFERSON COOLIDGE
Orlaudo H. Alford,
F. Lothrop Ames.
Gardiner M. Lana
Arthur Lyman,
John S. Bartlett.
Charles E. Cottlng,
Alvah Crocker,
Maxwell Norman,
Robert T. Paine 2d.
Andrew W. Preston.
Richard S. Russell.
Howard Stocktoa
Livingston Cushing.
George A. Draper.
16,1904 $26,608,716 93
$27,292,163 67
William F. Draper.
Wllmot R. Evans.
Charles A. Stone,
Frederick P. Fish,
Robert F. Herrick.
Francis L. Hlgglnson,
Quincy A. Shaw Jr.,
Service is Constant Growyi
AMERICAN
Safe Deposit
Boston
BOSTON, HASS.
81,000,000
SURPLUS (Earned) $1,500,000 Transacts
Banking and Trust
Company Business.
Transacts a General
William A. Gaston,
Rodolphe L. Agassiz,
Elmer P. Howe,
F. Lothrop Ames.
John Lawrence,
Hobart Ames,
John S. Lawrence.
Edwin F. Atkina
Lester Leland.
Frederick Ayer,
S. E. Peabody,
Charles S. Bird,
Francis Peabody Jr..
A. G. Bullock,
Royal Robbins,
Henry A. Reuter.
Samuel Carr,
Gilmer Clapp,
P. L. Saltonstall.
T. Jefferson Coolldge Jr. R. Paul Snelllng,
Gordon Dexter,
Frank W. Stearns,
Eugene V. R. Thayer.
William R. Driver.
F. C. Dumalne,
Charles W. Whittier,
Eugene N. Foss,
T. JEFFERSON COOLIDGE Jr., President.
CHARLES L. BURRILL, VIce-Prest. & Treas.
J. H. PERKINS, Vice-President.
C. F. Adams 2d, •
OF ILLINOIS,
CHICAGO
Capital,
Surplus and Profits
•
•
•
Individuals.
Also acts as Trustee uader Mortgages
Deposits Subject to Check
and aa Transfer
Agent and Registrar of Stocks and Bonds.
interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R.
WHITNEY, President.
CHARLES H. DALTON, Vice-President.
CHARLES F CHOATE. Vtoe-Preeident.
FRANKLIN HAVEN. Vloe-Prestdent,
JAMES R. HOOPER. Actuary.
$1,000,000
2,000,000
•'
•
•
•
•
HENRY N. MARR. Secretar .
FRED K W. ALLEN. Asst .Sea. ATreas,
THOMAS E. EATON, Aset. Treasurer.
FRANCIS R. JEWETT. Trust Offloef
BOARD OF DIRECTORS
William Endicott, Chairman.
Frederick P. Fish.
Walter O. Baynes.
Morris Gray,
Alfred Bowdltch.
Franklin Haven,
Charles F. Choate,
James
R. Hooper.
Alexander Cochrane,
James M. Preodergast,
Edmund D. Qodman,
CHARLES E. ROGERSON, President.
JAMES LONGLEY, Vice-President.
WILLIAM C. WILLIAMS, VIce-Pres't.
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Asst. Treasurer.
HENRY A. FENN, Sec. AMgr.Safe D.D’t,
H. D. HEATHFIELD, Assistant Sec,
F, J, BURRAGE, Assistant Secretary,
George B. SUshee,
Lawrence M. Stockton.
Nathaniel Thayer.
George WUnrtegwortb,
David R. Whltnev
T.Jefferson Ooohdge.
Charles H. Dalton,
George Dexter.
Philip Dexter.
William Farnsworth.
-
Mississippi
Valley Trust Co.
Fourth & Pine
$2,000,000
900,000
CHARLES G. DAWES. President.
W. IRVING OSBORNE, Vice-President.
A. UHRLAUB. Vice-President.
WILLIAM R. DAWES. Cashier.
' L. D. SKINNER
A««t. Cashier.
Sts., St. Louis
)$8,600,000
and PROFITS}^11'
CAPITAL, SURPLUS
John I. Beggs
Wilbur F. Boyle
James E. Brock
Murray Carleton
Charles Clark
Horatio N. Davis
John D. Davis
Aug. B. Ewing
Wm. D. Orthwein
GEO. KINGSLAND, Asst. Real Estate
C. W. MORATH, Safe Deposit Officer
DIRECTORS
Joslah L. Blackwell.
G. Clymer Brooke,
H. Carroll Brown,
John W. Castles.
Grier Hersh.
Ernest Hoen Jr.,
George C. Jenkins,
Joshua Levering.
Joseph R. Foard,
B. Howell Griswold Jr.,
A. Barton Hepburn,
John T. Hill,
Oscar G. Murray,
Henry F. Shoemaker
James Speyer,
Douglas M. Wylie.
OFFICERS
GRIER HERSH
President
L. S. ZIMMERMAN
2d VIce-Prest,
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr...Asst. Treasure
IVAN SKINNER
Asst. Secretary
Officer
NOW READY.
Wisconsin Trust Co
HENRY G.
Saunders Norvell Rolla Wells
$2,000,000
CAPITAL,
HUGH R. LYLE, Asst. Secretary
HENRY C. IBBOTSON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
LOUIS W. FRICKE, Asst. Secretary
FREDERICK VIERLING, Trust Officer
HENRY SEMPLE AMES. Asst. Executive Officer
CHARLES M. POLK, Asst. Trust Officer
WILLIAM G. LACKEY, Bond Officer
WM. McC. MARTIN. Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
Philadelphia.
ADAM A. STULL, President.
BRENGLE, 1st V ce-Pres. * Treasurer.
JOS. S. CLARK, 2d Vlce-Pres., 8uperv*g Trust Dept.
CHAS. P. LINEAWEAVER, Sec. A Asst Trust Officer
DIRECTORS.
Henry G. Brengle,
J. Levering Jones,
James Crosby Brown, Malcolm Lloyd.
John Mcllhenny.
John Cadwaladfcr,
Richard Wain Melrs,
E. W. Clark Jr.,
Clement B. Newbold,
Eckley B. Coxe Jr.,
John W. Pepper.
S.
Edwin
Dixon,
Wi llam F. Read.
Eugene L. Ellison.
Frank Samuel,
Joseph C; Fraley,
Adam A. Stull,
Harry C. Francis,
Edward D. Toland,
Henry L. Gaw. Jr..
Howard S. Graham,
Joseph R. WatawTlght,'
William D. Wlnsor.
Samuel F. Houston,
Registrar, Etc.
Acts as Executor, Trustee,
Becomes Surety.
Complete Set of Safe Deposit
Vaults Interest on Deposits
R. J. O’Reilly,MD
Henry W. Peters
H. Clay Pierce
S. E. Hoffman
J. Ramsey Jr.
Chas. H. Huttig
Breckin'ge Jones James E. Smith
W. J. McBride
Robt. H. Stockton
Nelson W. McLeod Julius S. Walsh
OFFICERS
The Trust Company of
North America
$1,000,000
BALTIMORE.
DIRECTORS
D. R. Francis
August Gehner
WALSH, Chairman of the Board
BRECKINRIDGE JONES, President
JOHN D. DAVIS, Vice-President
SAMUEL E. HOFFMAN, Vice-President
JAMES E. BROCK, Secretary
DEPARTMENTS.
CAPITAL
Maryland Trust Co.
FIDUCIARY
JULIUS 8.
SAVINGS AND TBUST
503-505-507 Chestnut St.,
AND
BUSINESS TRANSACTED
MALCOLM McbOWtSLL, Asst Secretary.
6 AN KINO,
FINANCIAL
GENERAL
A
A. G. MANG,
/•
on
Capital • *» * «
Surplus (Earned)
WILLIAM W. GATES, Amt. Cashier.
Secretary.
/
and
Acts as Trustee under Railroad and other
Mortgages and is authorized to act as Executor,
Guardian, Administrator and Trustee.
Sec.
CENTRAL
TRUST COMPANY
•
Authorized to act as executor and to receive and
hold money or property in trust or on deposit irom
Courts ot Law or Equity, Executors. Administrators.
Assignees.
Guardians. Trustees, Corporations and
BOWEN, Secretary.
E. A. COFFIN. Asst. Treasurer.
G.
Asst.
W • AURYANSEN
i
Trust
General
a
SURPLUS $1,000,000
Deposit Vaults
Safe
BOSTON. MASS
Interest Allowed
.
C. H.
CAPITAL. $1,000,000
Banking Business.
Registrar.
Charles W. Whittier.
B03T0N, MASS.
Trust Company
CAPITAL
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
Stephen M. Weld,
TRUST COMPANY,
AND
Interest allowed on Deposits Subject to Check.
Trustee under Mortgages, Transfer Agent, and
‘2d,
Philip L. Salt-onstall,
Nathaniel Thayer,
Lucius Tuttle.
The NEW ENGLAND
COMPANY,
TRUST
Richard Olney,
Robert J. Paine,
Kobeit F. Herrick,
16, 1906, $27,934,699 63
The Proof of Good
C hairmai
>. Melleu,
George v. L. Meyer,
Laurence Minot,
Reginald Foster,
George P Gardner,
Henry O. Underwood.
W. Seward Webb.
-
-
-
Charles
Frederick P. Fish,
Nathaniel Thayer.
-
Henry S. Howe.
Walter Hunnewell,
Thomas L. Livermore,
Philip Dexter,
Eben S. Draper,
Galen N. Stone,
Henry C. Jackson.
JR.,
Gordon Abbott,
Oliver Ames,
C. W. Amory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolldge,
Charles E. Cottiug,
Sidney W. Winslow.
Nov.
$7,000,000
-
DIRECTORS.
611,780,418 95
16,1905
BOSTON, MASS.
$4,000,000
General Trust and
a
ministrator
Nov. 16, 1901
Nov.
-
legal Depositary for Court Funds, and author¬
ized to act as Executor, Guardian, Ad¬
$4,429,448 02
Nov.
-
Transfer of
and
61,667.051 19
16.
TRUST CO.
Banking BusinessInterest Allowed on Deposits Subject to CheckActs as Trustee under Railroad and other Mort¬
gages; also as Agent for the Registering
RESOURCES
Nov.
BOSTON. MASS.
BUNKER HILL BRANCH:
City Square, CHARLESTOWN. MASS.
Association
St. Louis Clearing House
STATE STREET.
50
St. Louis, Mo
Member
XVII
THE CHRONICLE.
1W.]
APB. 27
FINANCIAL REVIEW.
,
MILWAUKEE.
Capita1,
Surplus,
Transacts
a
---------
General Trust Co. Business.
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
OLIVER C. FULLER. President.
FREDERICK HASTEN, Vice-President
•
•
•
1907 ISSUE.
320 Pages.
$600,000
100,000
GARDNER P. STICKNEY. Treasurer.
FRED. C. BEST. Secretary
R. L. SMITH. Ass t Secretary
yearly book of statistics covering a
of years’ crop figures, money
rates, range of prices for securities, &c.
A
series
PRICE, TWO DOLLARS.
Commercial & Financial Chronicle,
763^ Pine Street, New York.
lyin
THE CHRONICLE
'
.
L
i
'
J
*
*■
*
1
[VOL.
LXSX1V.
-
gvnst ttompunies.
MANHATTAN
TRUST
WALL ST.
NAS8AU, NEW YORK,
Capital, Surplus and Undivided Profits, *
•
7 Wall
Street, New York.
Capital $ 1,000,000
A. BARTON
Pres. Bank of the Manhattan
Go., New York.
EDWARD F. 8WINNEY,
THOMAS W. LAMONT,
GATES W. McGARRAH,
GILBERT G. THORNE,
EDWIN M. BULKLEY,
Spenoer Trask & Co., Bankers,
Yloe-Pres. Nat. Park Bank. N.Y,
EDWARD TOWNSEND,
EDGAR L. MARSTON,
CANNON,
Pres.Importers’ St Traders’ Nat.
Bank, N. Y.
Blair A Co., Bankers, New York.
▼ioe-Pres. Fourth Nat. Bk.N Y
EDMUND C. CONVERSE,
GEO. W. PERKINS,
HENRY P. DAVI80N
WILLIAM H. PORTER,
Vice-Pres. Chase
New York.
Pres. Gallatin Nat. Bank, N.Y.
DANIEL G. REID,
WALTER E. FREW,
Bank,
SAMUEL WOOLVERTON,
Ptm. ('hem teal Nat. Bank, N. T.
Vice-Pres. First Nat. Bank, N.Y
Nat.
EDWARD F. C.
Vloe-Pres. Com Kxcb. Ba„ N. Y.
Yloe-Pres. Liberty Nat. B’k, N.Y.
Aeta ns Executor. Administrator and Guardian
YOUNG,
Pres. 1st Nat. Bank. Jersey City
t Assignee and Receiver t Registrar,
Transfer and Fiscal Agent i and an Trustee for Individuals
and corporations.
ALLOWS INTEREST UPON DEPOSITS.
J. F. THOMPSON
OFFICERS
wrriwtn.i
T. W. LAMONT
E. C. CONVERSE
B. STRONG JR.
Tiox-PBigmnfT
0,'E, POMEROY
•
TRXA8URXR
H. W. DONOVAN
George F. Baker.
August Belmont.
Walter P. Bliss.
H. W. Cannon.
R. J. Cross.
8. L. Bohoonmaker.
and
ASSISTANT TBU8T OTTIOTR
John 1. Waterbary
R. T Wilson.
SURPLUS, $10,000,000.
Chartxrxd 1886.
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar St.
Grant B. Schley.
Girard, Trust Company.
CAPITAL
Acte
73rd.St.&B\vay
James J. Hill.
John Keen.
John J. Mitchell.
Oliver H. Payne.
B. D. Randolph
Amos Tnok French
nOBRAXT
F. N. B. CLOSE
ASSISTANT TREASURER
Francis R. Appleton.
Robert Bacon.
Rudulph Ellis,
is noptnmn
prmidrnt
The Manhattan Trust Company reoelves
deposits
bearing interest and subject to cheque, payable
through the New York Clearing House.
DIRECTORS.
ALBERT H. WIGGIN,
J. P. Morgan St Co„ B’kers, N.Y.
President.
THOMPSON,
Vice-President.
Vlee-President.
Pres. Mechanics’ Nat. B’k, N. Y
New York.
OFFICERS*
[*
Pres. 1st Nat. B’k, Kansas City
JOHN F.
8d
Pres. Seaboard Nat. Bank, N Y.
JAME8 G.
J“|EPBURN,
Pres. Chase Nat. Bank, N. Y.
8AMUEL G. BAYNE,
$3,000,000.
JOHN L WATERBUBY, President
JOHN KEAN,
) v.
AMOS TUCK FRENCH,
.
W. N. DUANE,
l Presidents.
DIRECTORS.
STEPHEN BAKER,
cor.
Surplus 8500,000
Undivided Profits, 8828,069
CO.,
.ftth Ave.A 125th St.
Exoentor, Administrator, Trustee,
as
Assignee and Roeelver.
Financial A goat for Individuals er
Corporations.
Interest Allowed on Individual and
Corporation Accounts.
Acts as Trustee el Corporation
Mortgagee.
Depositary under Plane ol Reorganisation.
Registrar and Transfer Agent.
Assumes entire charge et Real Estate.
Safes to Rent In Bnrglar-Proef Vaults
E. B. Morris. President.
W. Jf. Ely, 1st Vice-President.
A. A. Jackson, 2d Vice-President.
C, J. Rhoads, 8d Vice-Pres, and Treasurer.
Edward 8. PAG*. Secretary.
Issues foreign and domestic letters of credit.
Pays interest on deposits, subject to check.
Special rates on time deposits.
MANAGERS*
Effilngnam B. Morris,
C. Hartman Kahn
James Speyer,
Benjamin W. Richards,
Augustus D. Jnilliard,
John B. Garrett,
Edward J. Berwlnd,
William H. Jenks,
Randal Morgan,
William H. Gaw,
Edw. T. Stotesbnry.
John A. Brown Jr.,
CAPITAL and SURPLUS, $6,000,000.
Francis I. Gowen,
McFadden,
Henry Tatnall,
Charles E. ingersoll,
John Story Jenks Jr.
Geo. H.
Isaac H. Clothier.
Thos. DeWitt Cuyler.
Henry B. Ooxe Jr.
B. C. Felton
If* E. Cor.^Broad and Chestnut
Streets,
PH IE, ADELPHI A.
GUNN, RICHARDS
gufltttcrrs
& CO
H. M.
PUBLIC ACCOUNTANTS
Byflesby & Co.9
INCORPORATED
43
EXCHANGE
PLACE, NEW YORK CITY
ENGINEERS,
DESIQN, CONSTRUCT AND OPERATE
Also at CHICAGO—First National Bank
RAILWAY. LIQHT, POWER,
HYDRAULIC AND
Building,
MONTREAL—Bank
of Ottawa
BOSTON—50 Congress Street,
*
OAS PLANTS.
Bniiding.
Examinations and Reports.
American
BARROW, WADE, GUTHRIE & CO
CERTIFIED
NEW
Royal Insurance Building,
YORK,
FRANCISCO,
617 Market Street.
Exchange Place,
for
■
NEW YORK
Flnamrial
Institutions
and Investors.
NEW
ORLEANS,
Hibernia Bank
LONDON, ENGLAND,
18 8t. 8within’a
co.,
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
Exchange Building,
SAN
St
Engineers, Contractors,
43-49
25 Broad Street.
CHICAGO,
Building., OHIO AGO
J. Q. WHITE
PUBLIC ACCOUNTANTS.
(New York and Illinois.)
Broad
Trust
Lane, E. C., Cable, “AdorJesV
Electric Railways, Electric Light
and Electric
Power Plants Financed, Designed and Built.
.
Bldg.
London Correspondent:
WHITE Sc CO., Limited,
9 Cloak Lane*, Cannon St.. K. C.
J.
G.
Canadian Correspondents:
CANADIAN WHITE CO., Llntlted,
Principal
.
Montreal.
Philippine Olllee. Manila. P. !•
APE. 27
XIX- K
THE CHRONICLE.
1907.1
gvnst Gompautes.
Bowling Green Trust Co*
26
incorporated 1855.
BROADWAY1 INEWVYORK.
United states Trust Gompang of leu M,
Capital, $1,000,000 Surplus, $8*000,000
45 and 4T Wall Street.
OFFICERS!
.
President
fDWIN GOULD,
.
.
WILLIAM H. TAYLOR,
1st Vioe-President CAPITAL,
SEAS. P. ARMSTRONG,
2d Vice-President
SURPLU8
JOHN A. HILTON, 3d Vice-Pres. and Treat.
WILLIAM M. LAWS,
•
Secretary
DIBEOTOB8:
John A. Hilton,
Myron T. Herrick,
Edward T. Jeffery,
OUries P. Armstrong,
frank Brainnrd,
Harry Bronner,
'
AND
UNDIVIDED
WILFRED
$2,000 000
$12,801,040
•
PROFITS,
D. WILLIS
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, Second Vicc-Pres,
JAMES, Vice-President
HENRY B. AHERN, Secretary
CHA8. A. EDWARDS, 2d Asst. Secretary
J. WORCESTER, Asst. Secretary
Winslow 8. Pierce,
Morton P. Plant,
Dick 8. Bam way,
fianKMn Q. Brown,
flobert O. dowry,
Edmund O. Converse,
Wtt. Nelson Cromwell,
arenvllle M. Dodge,
A Goepel,
Edwin Gould,
Frank J. Gould,
George J. Gould,
.
JOHN A. STEWART, Chairman cf the Board cf Trustees.
Frederick B. Sohenck,
Androw Squire,
William H. Taylor,
Edward E. Thomas,
John P. Truesdell,
X. F. O. Young.
iff Equitable
The American Mfg. Co.
TRUST COMPANY
MANILA 8ISAL AND JUTE
OF NSW YORK
CORDAGE.
65
Wall
8treet,
NASSAU STREET
15
New
Capital $3,000,000
York.
Surplus $10,000,000
ALVIN
W.
KRECH, President.
LAWRENCE L. GILLESPIE, Vice-President.
LYMAN RHOADES JR., Assistant Secretary.
FREDERICK W. FULLE, Sec. and Treas
HUGH M. WALKER Assistant Treasurer.
TRUSTEES.
Whiting Papers
C. F.
Adams 2d
John F.
B. Alexander
C
M.
H.
Alexander
F. R. Coudert
T. H. Hubbard
Cravatb
D.
H. Crocker
A.
Pierce
Henry S. Redmond
Harriman
Lyman Rhoades Jr.
J. Henry Smith
Bradish Johnson
V. P. Snyder
Otto H.
Gage E. Tarbell
Alvin
T. DeWitt Cuyler
William
H.
S.
H. H. Porter
Lawrence L. Gillespie
b.
Paul
Day
Henry C. Deming
M
Hartley Dodge
For Fine
Fulle
W.
Hugo Baring
W.
Winslow
Dryden
Frederick
W.
L.
F.
D.
H.
Paul
Sir William C.
Krecb
Force
H.
Moffat
Van Horne
M. Walker
George T. Wilson
Henry Rogers Winthrop
Morton
Ralph
Correspondence
Kahn
Peters
and for General Business Uses are
standard, made in Ledger, Bond,
Linen and Fine Writing In variety.
WHITINC
PAPER CO.,
Philadelphia.
N«w York.
Trust Company
Chicago.
Utile i Holyoke, Mass.
135
BROADWAY, NEW YORK
COLONIAL. BRANCH: St. Paul
FINANCIAL REVIEW
WALL STREET BRANCH
ANNUAL.
AAYear
Beek
el
America
of
:
Bldg., 222 Broadway
36 Wall Street
Statist!**.
Bound In Cletk,
S3.
OAKLEIGH
Commercial St Financial Chroniele
JOHN E. BORNE,
76K Pine 8L. New York.
The Audit Company Capital, Surplus
of New York,
THORNE, President
Chairman Executive Committee
and Undivided Profits,
-
$12,500,000
ORGANIZED 1807.
NEW YORK:
48 Cedar Street
PHILADELPHIA,
CHICAGO.
MW ENGLAND OFFICE!
Eueten Bldg,, 13 State Bt„ BOSTON,
AUGUST BELMONT,
Acting President,
WILLIAM A. NASH.
' JOHN J. MITCHELL
GEORGE W. YOUNG.
V loe-Presidents.
EDWARD T. PBRINE, GenT Mgr. and Treas.
F. a RICHARDSON, Assistant Treasnrer.
This Company Audits and Investigates Accounts
and makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared in behalf
of Merchants, Bankers, Corporations, Committees
and others. In strict confidence. The Company also
Devises and Installs Money-Saving Systems of
Keeping Account*
William D. Marks, Ph.B.C.E.
Consulting Engineer and Statistician.
ELECTRIC LIf;HT WORKS,
gas works
ELECTRIC RA1LLWj
rAVS, OIL "MOTOR CARS.
839 Paik Row Bldg.,
New York City.
^EBeo%*
**
TRUST CO.
No. 88 BROADWAY,
34TH ST. Sc FIFTH AYE.
Ne. 100 WEBT
145TH STREET.
THIRD AVENUE Sc 14STH STREET.
CHARLES T. BARN KY, President.
FRKD’K L. KLDR1DGE, 1st Vice-President.
JOSEPH T. BROWN, Sd Vice-President,
B. L. ALLEN, Sd Vice-President.
WILLIAM TURNBULL, 4th V.-Pre
FRKD’K GORE I$1NG, See. and Treat.
J. MoLEAN WALTON, Ant. Secretary.
HARRIS A. DUNN, Asst. Treasure!
TRUST DEPARTMENTi
,
WILLIAM B. RANDALL, Trust Offloer
’
HARLEM BRANCH!
W. F. LEWIS, Manager.
Rhode Island Hospital
Trust Company,
PROVIDENCE
CAPITAL
SURPLUS EARNINGS...
UNDIVIDED PROFITS
R. I.
81,000,000
81,500,000
304,00#
DIRECTORS:
Royal C. Taft,
Robert H. L Goddard,
Geo. W. R. Matteson,
William D. Ely,
Robert L GammelL,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight.
John W. Danielson,
Herbert J. Wells,
Jehu C. Pegram,
Rowland G. Hazard*
Neison W. Aldrich,
Samuel R» Dorrgnoe,
Howard O. 8turges,
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phtllips, •
Edward Holbrook, ,
James H. Sullivan,
Benjamin M. Jaokson,
John R. Freeman.
Charles 8. Mellon.
Robert W. Tart.
Lyman B. Goff,
HERBERT J. WELL8, President.
EDWARD 8. CLARK, Vtoe-Prealdent.
HORATIO A. HUNT, Vice-President. .
WILLIAM A. GAM WELL, Secretary.
PRB8TON H. GARDNER, Trust Officer.
CYRUS E. LA PH AM, Asst. Sec’y.
JOHN B. WILLIAMS. Asst. 8pe*y: *
HENRY L. SLADER, Asst. *8ec’y.
WALTER G. BROWN, Asst. Sec’y
.
BRONX BRANCH!
JOHN BAMBBY Manager.
THE CHRONICLE.
©niton.
[VOL. LXXXIV,
financial*
financial.
WOODWARD
COTTON
16 to
FARWELL
STILLMAN, Fylr^z ^Company
8c
MERCHANTS
22 WILLIAM STREET.
NEW YORK.
«0 LA SALLE ST.
IN
NEW YORK
RAILROAD BONDS
^CAPITAL
COTTON
COFFEE
At the New Tork Conee
Exchange
PROVISIONS
Chicago Board of Trade and
SEND FOR
GRAIN AND COTTON-SEED OIL
At the New York Produce
Exchange
LOANS
INVESTMENT
Cotton
BANKERS AMD
Hopkins, Dwight 8c Co.,
COTTON,
Bldg.,
Room 5!L Cotton Exchange
Building,
NEW YORK.
F. H. PRINCE 8c
BOSTON, MASS.
Bishop, Laimbeer 8c Co.
High-Grade
Mills
Members of New York and Boston Stock Exchanges
Building.
LEHMAN BROS.,
-
15 Broad St.
©niton.
Non, 16-22 William Street, New York.
Members of the Stock, Cotton, Coffee
and Froducc
Exchanges, New York.
INMAN 8c
Orders executed on the above
Exchanges, as well In
New Orleans, Chicago and foreign markets.
Cotton
CO.,
merchants,
AUGUSTA, GA„
Cotton
Bremen
Correspondents.
INMAN A CO
W. R. CRAIG 8c
Cotton
Members
Buyers of Spot Cotton. Orders for Contracts Exe¬
cuted tn the New
Orleans, New York,
Liverpool and Havre Markets.
WILLIAM RAY & CO.,
SUCCESSORS
LEHMAN BROS^ New York.
TO
Lehman, Stern & Co.,Ltd«
COTTON FACTORS and
COMMISSON MERCHANTS,
Mew Orleans.
BROKERS,
43 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool
Cotton Exchanges.
R. H. ROUNTREE & CO.,
Commission
Merchants.
Cotton, Grain, Provisions and Coffee.
COTTON EXCHANGE BUILDING,
NEW YORK.
Orden for future delivery executed In New
Orleans
New York and Liverpool.
Liberal advances made on Cotton consignments.
Chapman, Setter A Allen,
COTTON BROKERS.
Cotton Exchange Bldg., New York,
ROBERT MOORE A CO.,
66 Beaver
Street, New York.
GWATHMEY A CO.,
CHANGES.
COTTON PURCHASED FOR SPINNERS’ USE.
A
Frank B. Hayne (In
HAYNE,
Commendam.)
Cotton Brokers,
COTTON EXCHANGE BUILDING,
NEW
ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
96
COTTON
CLEMENT & SMITH,
Successors to HAVEN A CLEMENT,
1 Nassau
Wm. P.Qnentell.
R
R.
-
Goats.
-
New York.
Theodore H.Prlee,
Quentell, Coate A Co.,
COTTON
82 Beaver Street,
BROKERS,
-
-
New York
N.Y. Cotton Exchange,
m
€
Liverpool Cotton Assoclitton.
Street,
corner
Wall Street
Members of the New York Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK BROTHERS & CO.,
BANKERS AND BROKERS,
30 Broad St.,
New Yerk.
Members oi N. Y. and Philadelphia Stock Exchanges.
New York. New Orleans and Ltvwpool Cotton
Exchanges. New York Ooltee Krchaag*
and Chicago Board ot Trade.
©niton.
Stephen
M. Weld 8c Co.,
COTTON
82-92 Beaver
MERCHANTS,
Street, - New York City,
Boston Correspondents, 8. M. Wkld A Co.,
State 8t., Boston, Mass.
89
Liverpool Correspondents, Wkld A Co.
Bremen
MERCHANTS,
49 Cotton Exchange,
BROKERS,
Broadwav,
New York.
MEMBERS OF *
NEW YORK STOCK EXCHANGE.
Members of N. Y. and New Orlean Cotton
and Liverpool Gottoa Aasoetatlon. Exchanges
ORDERS FOB FUTURE DELIVERY EXECU¬
TED IN NSW YORK AND LIYEUPOOL
EX¬
SMITH
BANKERS AND
Merchants.
NEW YORK COTTON EXCHANGE
NEW ORLEANS COTTON
EXCHANGE
NEW YORK COFFEE
EXCHANGE
LIVERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above
Exchanges
Liberal Advances Made on Cotton
Consignments
GEO. COPELAND A
CO.,
COTTON
W. T. HATCH & SONS,
CO.,
Lord’s Court Building,
117 William Street.
NEW YORK
Tel. No. 1018 Broad.
MERCHANTS,
ORLEANS, LA.
MEMPHIS, TENN.
DALLAS, TEX.
Exchange Building, NEW YORK,
BOSTON, MASS.
141 Milk Street,
Co.,
NEW
(Established 1868.)
AND
MERCHANTS
COTTON COMMISSION
Investments.
Members New York Stock
Exchange.
IdCHMAK, Stern A Co., Limited, New Orleans, La.
Mason Smith 8c
CO.',
BANKERS.
(New York Stock Exchange,
Members < Chicago Stock Exchange,
(Chicago Board of Trade.
and
COMMISSION MERCHANTS.
BBOEBBS,
Rotunda, Rookery Bldg., Chicago.
80 Broadway, New York.
COTTON-SEED OIL.
17 South William Street,
NEW YORK.
SECURITIES.
Edwin L. Lobdell A Co.,
MERCHANTS.
Consignments.
COTTON
COLLATERAL.
BONDS.
I Established 1866.1
NEW YORK.
Siegfr. Gruner 8c Co.,
ON
Secretary
CHICAGO.
HANOVER SQUARE.
on
Treasurer
JOHN J. BRYANT JR.,
& CO.
230 First National Bank
BUILDING,
Liberal Advances Made
ALBERT G. LESTER,
Vice-President
JOHN BARRY SEARS.
CIRCULARS.
PEABODY, HOUGHTELING
Hubbard Bros. 8c Co.,
COFFEE
COTTON
$1,500,000
-
GRANGER FARWELL, President
DOUGLAS SMITH, Vice-President
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
At the New York. Liverpool and New Orleans
Cotton Exchanges. Also orders for
EXCHANGE
-
1866.
16 to 22 William Street, New York.
Execute Orders for Future
Delivery
GRAIN AND
Street,
CHICAGO.
Henry Hentz 8c Co., CHICAGO
CITY MORTGAGES.
COMMISSION MERCHANTS.
at the
COMPANY,
226 La Salle
37 PINE ST.
CHICAGO
EGYPTIAN AND AMERICAN COTTON OP ALL
GRADES EDITABLE TO WANTS OB' SPINNERS.
E0TA BUSHED
TRUST
BANKERS
Correspondents, Albbkcht, Wkld A Co.
Geo. H. McPadden & Bro.,
COTTON MERCHANTS,
PHILADELPHIA.
NEW YORK.
Lives.pool
WVU Corrxhpondknts :
141V
.
„
ZSR]COA £ CO.
BRXKXZr CORRESPONDKIfTS:
McFAJDDBN BROTHERS A 00.
HAVRK CORRXSPONDKNTB:
BOCXKTX D’lMjPOBZAXXON ST DK COMUISflIOU
.
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