The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
.
inanrial
d
rantcie
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section {^Te^^)
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered aooording to Act of CJongress, in the year 1905, by William B.
YOL.
Dana Compant,
SATURDAY, APRIL
80.
In the office of Librarian of Congress,
29,
Washington, D. O
NO.
1905.
2079.
Week ending April 22
Clearings at
—
1905.
1904.
Inc. or
1903.
Dec.
PUBLISHED WEEKLY.
Terms
of Subscription
—Payable
in Advance
For One Year
For Six Months
Enropean Subscription (inclnding postaee)
European Subscription Six Months (Including postage)
.$10
00
6 00
13 00
7 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
£1
tiowell
—
Bailwat AND
I
ot
Advertising
—Per
Chicago
Inch Space
Cincinnati
Cleveland
$4 20
Transient matter per inch space (14 agate lines)
Months
iTwo
Three Months
Six Months
T-welve Months
(8 times)
22
29
50
87
(13 times)
(26 times)
(52 times)
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
TTIIiLIAin B.
DANA COMPANY,
00
00
00
00
Detroit
Milwaukee
Indianapolis.
Columbus
Clearings— Retwms uy Telegraph.
Week Ending April 29.
York.
Boston
Philadelphia
Baltimore
Cblcaeo
St. Louts
Now Orleans
Total aU
5 days
5 days
cities,
cities, 5
days
All cities. 1 day
Total aU cities for week
The fnU
Akron.
Springfield,
YORK.
111
Youngstown....
Kalamazoo
Lexington
Canton
Rockford
Springfield.
O
Bloomlngton
Quincy
1905.
1904.
P. Cent.
129,817,655
182,957,261
19.815,180
170,980,289
50,058,089
13,615.076
«80i,170,705
103.668,685
85.106,400
15,769.615
146,065,601
40.196,127
11,897,276
+118-8
+25-2
+44-5
+22-5
+16-9
+24-5
+14-4
*2.266.38 1,800
300.191,624
$1,206,872,409
251,968,281
+87-8
+19-1
$2,566,573,424
531.188,869
$1,458,840,690
301,197.047
+76-0
+76-4
$3,097,762,293
$1,760,037,737
+76-0
week coTcred by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in
details for the
all cases
estimated, as
we go to
press Friday night.
We present below our usual detailed figures for the previous
Seattle
Salt Lake City..
Portland.
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pactac.
Kansas City
Minneapolis
Omaha
St.
St.
Paul
Joseph.
Denver
Des Moines.
Sioux City
Topeka
Davenport
Wichita.
Colorado Springs...
Cedar Rapids
14'6 per cent.
at—
1905.
inc. or
1904.
Dec.
New York
940,652.011 1.103.616.646
+75-8
Philadelphia...
PittabuTRli
..
12.'<,051,<W3
113,26:>,926
43,128.660
21,047,568
6,329,221
41,2,'57,984
4-13-5
4-4-5
Baltimore
Buffalo
Washington...,
Albany
,
Rochester
Scranton
Syracuse
Wilmington.
Wilkes Barre..
.
Wheeling
Reading
Blnghamton
..
Greensburg.
Chester
Erie
Franklin Pa..
Total Middle
. .
,
193,831,748
24,539.850
15.905.147
11,807,609
7,795,212
6,184,901
4,479,600
173.589,428
22,250,500
12.680.998
9,414,931
6,836,038
5,810,218
4,014,400
2.417.165
-HO-4
165,755,126
28,314,060
14,665,936
9.141.568
6,116.077
5,547.137
8.927.000
2,443.272
2,631.028
1,775,520
1,771,043
1.119.146
771,600
753,447
725,382
698,152
507.016
636,756
490.155
841.383
279,925
350.375
203,453
276,186
145,184
214,171
72,077
159,813,702
20,267,000
14,038,136
8,511,460
6,811.431
4.523,143
8,851,100
2,303,065
2,347,478
1,416,139
1,278,879
911,292
611,800
529,800
508.508
-t-22-3
-1-5
-I-3-2
-l-7'4
-t-20-2
4-37-4
-fl95
-f5 8
-f8-3
-t-43-4
Louis
Orleans
New
19,850,541
0,764,63M
--fi-O
5,0S)3,180
4,090.9.50
+221
3,621.077
4.093.702
1,602.161
1.377,449
1,086,350
3,408,907
2.829.567
1,699,699
1,118.401
1.097,087
+6-2
899,006
801.166
856.425
603.844
1,067.425
444.200
454,892
516,292
478.530
225.044
-f20-4
2,161.295.644 1.302,650.498
-J-65-9
1,029,135
534.900
a55.7«l
384,568
498,167
210.499
--9-8
-I-44-7
—5-7
-I-23-2
—10
-i-50
+32-.S
1903.
1U02.
$
$
,311,282,385 1,904.900,011
127,475.677
120,453,06;j
43,077,641
56,443,670
21,97,S.311
6,288,25;)
24,62,S,k;«
8,814.250
8.587,200
2,053.707
1 596.643
1.351,920
,3,892.135
1,08'2.52I
871,,'").-<2
679,334
5,573,122
2.892.852
2,568,095
1,403,054
1,310,999
1.079.047
772,039
668,436
-3-6
-21-7
—25-6
-HI
483.606
344.974
467.724
379,863
401.500
828,212
305,957
—6-5
190.72:5
175,005
186,851
79,968
.......
Knoxville
Charleston
Macon
Chattanooga
Jacksonville
Columbus. Ga
Total Southern..
Total all
Outside New York.
--140
—10 8
-fll-6
+7-4
-1-28-6
-F15-0
-t-1-0
-Hl-9
—4-6
-f24-7
15-9
—
-1-12-5
-241
-H
—6-0
-I-29-6
—30
-H"0
-f35-9
79-2
18-9
--177
-^30-0
Not include d In to
Not include d in to
474352
450.609
437,538
424,746
334,805
269,794
2:39,932
2*28,331
215,079
167,247
146,060
81,343
tal.
tal.
+IV2
244,472.162
231,195.769
85,118,050
9.928,456
5,366,734
8.384,059
3,719,891
2.753.040
2,867,780
502,141
468,069
313.030
27.887,641
6,832,486
3.498.335
2,324,104
3,659,201
2.199.549
2,000,539
619.200
398,681
222,963
-f260
22,470,278
4.426,636
3,118,874
-HO-4
27.345,505
5,657,718
3,356,019
2,789,651
2.712,586
2,227,874
1,975.242
359,i8o
376,470
217.004
64.421,256
49.622.599
-f29-8
47,017,234
39,231,591
23,313,290
13,204,616
6,876,437
6.392,987
4.692,053
6,503,813
2,686.787
1,800,000
1,130,104
969.087
1.123,498
19,240,453
10,991,81"
7,578,304
5.980,707
5,064.256
4,743,563
2,107,835
1,169,143
-f21-2
4-20-1
21,059,806
11.074.641
7,251,409
5.460,469
4,771,209
4,917,675
1,862, 108
1,747,129
1.187.068
815,639
798,476
399.701
17,783,006
11 657,473
6,327.217
5,369,429
4,26a. 173
3,932,760
1.889.275
1.499,146
1,352,892
897.685
572,450
500,000
973,'2o5
964,788
1.114,223
431 093
398.399
172,051
7-23,719
566,754
Not
--45 3
--53-4
-^5-6
-1-1 -6
-4-25-2
-i-43-3
—18-9
-1-1
7-6
-9-3
-H'9
-7-3
-1-37-1
4-27-5
4-54-0
4-16-1
4-04
4-0-8
4-67-9
4-42-2
8-y
Include d in 10
—
3,l'i8,129
2,326.263
1.629,240
1.189,297
897,327
320.949
2-26,581
137,612
108J.81
:al.
70.138.78^
60.929,977
-fl6-l
61,482,942
56,157,667
60,694.397
48,801,,212
16,962,,526
11,0:36,,910
4,918,,295
2,821,,000
4,013,,(X)0
2,556,,728
4.681,795
2,570,,(H2
2,656,,840
1,833,,148
999,,768
1,304,,283
-1-24-4
49,611,97'
4-17-9
12,219,125
9,870.285
6,607.047
3.089.500
3.525.645
2,718,108
3,385.262
2.368,351
2,522,180
43,380,243
12,560,473
9,646.662
5,788.891
8,051,500
4.263.092
2.608.920
2.597.215
1,695,897
1,570,143
1,380,343
1.134.939
1,189,032
786,994
872,014
692,128
26'"
4.643.000
5.444.734
3,439,942
4,338,719
3,769.089
2.645,735
1,804,038
1.689.663
2,273,879
1,340,419
1,021,373
1,120,757
1,416,87"
521,000
865,405
1,091,213
281,840
1,1 r3, 924
977. 854
1,225, 971
1,018, 276
1,164, 000
—7-3
-H6-6
-f3-5
—1-6
4-690
4-74-3
4-14-7
-H"5
—8-1
-f39-l
-55-2
1,472,-271
1.055,834
1.532.150
1,394.439
977,019
1.095.478
951,736
667.000
892
491
213,,840
709,436
838,899
651.000
465,944
380,000
li 2.452, 711
-fl5-0
106,100,842
94,501.369
1.867,455^980 1,912.860 338
926,803.969
4-4-1
4-64-6
4-35
4-34-5
4-18-4
4-21-3
4-31-8
730, 703
129.302,566
4-73
+49-9 2,133,602.624 2,711.325.077
bOS,749,692
-)-14-0
822,320.239
806,426,060
17,978,362
13,440,726
4,518,125
4-351
24,5.52,35(5
1,51,3,825
4-3-4
1,857,769
1,261,678
1,287,025
1,091,070
-4-16-7
20,448.068
15,507,569
4,432,041
1,731,381
1,823,455
1.355,461
1,226.239
830.905
673,719
752.931
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Quebec
VancouverHamilton.
John
London
St.
Victoria
1,533,127.156 2.121,938,211
655,018
519.665
364.956
338.536
885.262
239.315
13,931,
11,837,502
5,118,817
Little Rock.
22.
791,3:39
--20-1
252.963,494
1.56.68
Total other West'm
1,713.212
1,442.919
1,343,956
630,000
608,422
657,552
664,000
--IO-3
--25-4
281,279,491
453.104
St.
3.06:3.021
10:j,978
696,447
852,111
Fremont
Augusta
Fort Worth.
Birmingham
Week ending April
Clearings
168.300,467
Pueblo
Louisville,
week, covering the returns for the period ending with Satur- Houston
day noon, April 22, and the results for the corresponding Galveston
Richmond.
week in 1904, 1903 and 1902 are also given. Contrasted with Savannah.
Memphis
the week of 1904 the total for the whole country shows a gain Atlanta
of 49-9 per cent.
Outside of New York the increase over 1904 Nashville
Norfolk
is
141,402,268
3,947.606
1,969.930
1,465.198
1,503,681
601,000
758,250
468,919
747.176
600.219
686,218
488.503
472,194
328,405
400,719
825,958
341.880
208,006
220.012
San Francisco
Los Angeles....
*1, 759,938,300
Seven cities,
-f20-4
Peoria
Decatur.
The foUowing table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
United States for the week ending to-day, April 29, have Ann Arbor
Fort Wayne
been $3,097,763,293, agamst $2,867,455,980 last week and South Bend
Total Mid. Western
11,760,037,787 the corresponding week last year.
Other
133,747,059
Toledo
£^van8ville
OLEABINQ MOUSE RETURNS.
New
— 8-y
161,018,241
2,597,54'
Grand Rapids
Dayton
C.
Publisbers,
Pine Street, Corner of Pearl Street,
Box 958.
NEW
Office
England,
116,271,861
6.892.100
2,722,119
1,800.379
1.562.055
1,177,012
1,334,169
606,375
422,468
404,403
|
Terms
Post
493,758
705,110
457,277
579,792
449,019
Holyoke
$
149,184,316
7,634,000
2,542.403
1.594.907
1,710.132
1.815,681
1.220,811
910.029
686,682
552,228
419,273
124.072.587
6,601,900
2,431.046
1.695.682
1,485.569
1,598,618
1,251,616
853.878
429,210
583,444
398,418
1,934,611
1,877,163
1.617.017
1,594,688
New Bedford
Total New
142.201,664
6.792,300
2.80S",600
Springfield
Worcester
Portland
Fall River
lis.
«
New Haven_
£.2 148.
Subscription includes following Sections
(monthly)
State and Citt (semi-annually)
Indcsthial (quarterly) Stebkt Bailway (3 times yearly)
BANK AND QUOTATION
Boston
Providence ~
Hartford
1902.
Total Canada....
84.280,3216,-,;52,103
6.349,840
3 ,565.207
2.167.279
1,501.071
1,669,930
1,097,041
933,605
814.395
594.292
68J225.090
Condition of National Banks Dlar. 14, 19U5> ou Paico 17-20.
-f20-9
4-18-4
4-190
4-29-7
4-0-5
678,665
—4-2
—6-3
-12-2
45,471,888
-t-23-7
074,75'i
8(i9,387
17,978,540
3,135,370
1,712.863
1.583.488
1,070.625
934,620
825,481
765,9ia
693 604
608.064
49,r25.393
54,234.807
—
THE CHRONICLE.
1694
THE RAILWAY AWB INDUSTRIAL SUCTION.
number
Tlie quarterly
trial
Section
scribers.
is
KaelwAy AND
of our
issued to-day, and
is
Indusour sub-
sent to all
It contains editorial articles on the following
[Vol.
lxxx
complete sway over their reason, ending in
finally hold
which if in full health the merest thought of doing
would be rejected without ceremony. We do not speak
acts
way
in this
Bigelow
to justify
Avas
such an
affair as that in
which Mr.
engaged; but to enforce the further fact
that speculation should never be permitted by any official
topics
DO BIG TRAIN-LOADS PAY.
THE INTERNATIONAL RAILWAY CONGRESS.
LONG ISLAND OPERATING PROBLEMS.
having access
TEE FINANCIAL SITUATION.
day afternoon
to
the power,
we would make
the re-
even broader.
The decided break
Exchange from last FriMonday morning covered developments
recess at the Stock
That, at least, ought to be
to trust funds.
Had we
prohibited.
striction
The long
man
connected with a financial institution or by any
in the stock
market on Thursday,
after the very considerable declines of the previous days
and weeks, was due mainly to the high prices still ruling
for the larger body of stocks. There is no question about
wheat speculation, the change during that period was so intrinsic values; that is to say, if crops turn out well and
material as for a time to impart a look of ill omen to the steel and iron markets continue prosperous, income may
whole aspect of business affairs. Indeed, during pre- warrant increased dividends which would support presvious weeks current events had left shadowy premoni- ent prices.
There has been, however, decided change in
The
of
chance.
game
tions of growing weakness in that
conditions during the last ten months, leading the public
With
character.
of a highly serious
reference
to the
abnormally high price that had long been maintained to take shorter views. The Chicago and Milwaukee affair
for the staple in our markets, while the outside world referred to above, with the Equitable Life Assurance Comcontinued to offer their wheat at the old price, and at that pany disclosures, are enough to cause a severe decline
meet all the needs for European consump- in confidence. Investors want to know how far these
tion, ought to have been enough in itself to put on their incidents represent the general situation.
For the time
guard operators who were striving to support the much being, therefore, there is less disposition than there was
higher prices here. But wheat speculators seem period- to trade on future prospects. Besides, even with a
Actual facts large wheat crop, selling at 80 cents a bushel, and
ically to be affected with a kind of lunacy.
when
the snow with the Gould system of roads possessing a line to the
Even
at such a time have no influence.
melted off and brought to light a fine condition of our Pacific and the St. Paul another, railroads might not be
fall-sown variety, promising, if no untoward event hap- able to support rates for freight as high as recently.
pened during future weeks, an abundant crop, many still Moreover, the whole railroad industry has Mr. Roosevelt's
held to their preconceived notions, and so, in efforts to difavor to deal with, shown in his effort to have a law
figure fully
support the market, plunged deeper into their embarrass-
ments with a fatality nothing could avert.
These conditions of the foreign wheat supply, present
and prospective; of the promise our winter-wheat outlook
favored, added to fairly good weather for spring-wheat
plauting which together afforded a prospect of a considkept day
erable surplus for export from the United States
by day rolling up a mass of influences adverse to wheat
—
—
values, until last Saturday afternoon,
when
the strain to
withstand the tendency to lower prices culminated.
came the break
in the
May
Then
comer, bringing disaster to
Chief among those
the whole speculative clique.
who
passed by Congress conferring on the Inter-State Commis-
power
sion the
to
make
publishes evidence
rates.
all
the
degree
last
incidents
these
daily press
being taken before the Senate Com-
mittee indicating that such
in
Every day the
a
the
to
operating
law would be disastrous
With
carrying trade.
make
to
the
present
wear a more disturbing and
less
hopeful aspect, and
with the bear contingent active,
it is
no surprise that there
should be a disposition on the part of investors to stand
This does not
aloof.
mean
that there
is
anything like a
means simply that we have reached one
waitmg occasions when conditions do not warrant
panic in view.
of those
It
was Mr. Bigelow, President of the blind pools or reckless trading. Caution instead of
First National Bank of Milwaukee, he having used up in ness is for the moment in control.
So far as the
had ventured their
all
the speculation probably over three millions of dollars,
and possibly more, including the bank's money, his
unknown amount
savings and an
worth of the properties
own counted
is
concerned, some have not
rash-
real
dis-
the future of values, while others no doubt have,
of other funds he held.
and it will do no harm and may be of no little benefit
That involvement was a most lamentable occurrence. Mr. if the waiting mood and a readjusting condition should
Bigelow was everywhere highly respected few men prevail for a time.
more so. He had position and reputation jeopardized as
—
"well as
man
the
money involved;
so situated staking all
disclosed, will
some
relieve the
a
in
a venture so risky as to
not yet
facts
to conceive of
is
be almost sure to go against him.
that tliere are
hard
it
One cannot but feel
disclosed which, when
transaciion in
some degree
at
In any survey of business prospects the activity .and
buoyancy of the iron and steel trades must not bo lost
sight
In one sense, indeed,
of.
feature
in
affairs,
have regard
this is the all-controlling
and the remark applies whether we
to industrial
matters alone or to the future
of prices, for in the end the latter are sure to be governed
least of this unscrupulous use of trust funds.
We
have suggested above a connection between specu- by the former. This activity of the iron and steel trades
lation and insanity.
We notice tiiat Samuel Johnson is reflected in the report of the United States Steel Corhas said (Easselas) "all power of fancy over reason
degree of insanity."
accepted in
That
deflnition
is
a
could hardly be
its
spirit
would seem
case and to account for
some
of the strange hallucina-
full;
but
tions, or rather distorted conceptions,
won
of
individuals
given
to
to
meet the
which get posses-
speculative ventures,
and
poration for the
March
quarter, issued
The company's net earnings
(after
the present week.
deducting expendi-
and maintenance of
the fixed charges of subsidiary compa-
tures for ordinary repairs, renewals
plants,
nies)
and
for
also
this
$2,^,025,89(),
quarter
which
is
the present year aro
better
than
the
total
given as
for
the
Ape.
THE CHRONICLE.
29, 1905.]
ending December 31 1904),
when the amount was $21,466,632 and compares with
quarter
preceding
(tliat
I
tion is taken
1G95
on the new.
the meeting published in
i
According
to the
New York
"The
report of
Times " over
With 95,000 men and nearly 1,000 employers are involved in
such a total of net earnings by no means the largest in the new arrangement. Furthermore, the Brotherhood
the balance remaining for the of Carpenters and the Greater New York Carpenters'
the company's history
stock after the deduction of the customary allowances for Union
the two rival unions of carpenters
have also
and
depreciation and reserve funds
sinking funds and all this week settled their diflferenees, the Greater New
fixed charges was $12,178,326, equal to almost twice York Carpenters' Union having voted to accept the
only $13,445,332 for the
first
—
—
quarter of 1904.
I
!
j
—
|
|
|
the
amount required
per cent on
for
the quarterly dividend
the preferred
for
which was
the
quarter of
stock, the call
only $6,304,919, leaving a
surplus for
of 1|
charter offered by the
|
Out of this latter sum an appropriation of known
$3,300,000 was made "for payment for additional prop- ments
and
erty, construction
capital obligations," leaving
even
no
then a surplus of $2,573,407.
ered by months the showing becomes
able, for
on that basis
it is
there
before
in
agreement
when
still
consid-
more
have
Of
bind
its
course
been
it
trades
a
union
but
provisions;
well
is
arbitration
building
the
will
of the Brother-
carpenters are a party to the
agreement.
that
not care to observe
It should be observed, furthermore, that
The
hood of Carpenters.
general arbitration
$5,873,407.
national officers
and
which
ao-ree-
that
does
decidedly hope-
views are entertained regarding this latest arrangement.
Indeed, one of the officials in the Building
ful
favor-
found that the results for the
Trades Employers' Association
closing month, March, are by far the best of the quarter,
feels
so
certain that a
and binding agreement has been reached that in
a conversation with one of our representatives he was
moved to say that the arrangement meant a settlement
lasting
In January the amount of the net was $6,810,847; in
February weather conditions were unsatisfactory and the
j
I
month a short one—hence the net was only $6,629,463; of the building troubles not merely for a year or for any
but in March there was an advance to $9,585,586, and definite period, but "for all time." If the expectation of
Judge Gary, the Chairman of the company's board of permanent peace should be realized, it would place the
j
j
quoted as having said that the March earn-
directors, is
could
ings
taken
be
monthly earnings
to be.
On
for
an
as
the
indication of
current
March
the basis of this
quarter
1
what the
,
are
likely
building trades in a better situation than they have been
in for years and this obviously would mean, much for
trade in general.
total the net for the
quarter would be $28,000,000, which,
it
will be seen,
The $25,000,000 New York City 3J per cent bonds
week did not bring as good a price as those sold
is
$5,000,000 more than was actually earned in the quarter
sold this
That decidedly hopeful prognostications last November. On the whole, however, the difference
are warranted is also evident from the amount of unfilled was not very great.
The $3,000,000 assessment bonds
orders reported on the books of the company.
On were taken at a figure making the cost of the money to
just passed.
March 31 1905
the city
and the $22,000,000 corporate
560 tons, as against 4,696,203 tons on December 31 stock at a figure netting 3-47 per cent. The $25,000,000
1904; 3,027,436 tons on September 30 1904 and 3,192,- SJs sold last November were placed on a basis of 3-40
277 tons on June 30 1904. The present amount of the per cent. All the other sales of last year, however, were
unfilled orders, in truth, is the largest ever shown at the on much the same interest bases as the present sale.
end of any quarter since the organization of the Thus in May 1904 $37,000,000 of the city's obligations
were disposed of and $32,000,000 found takers at
company.
3-461 per cent and the other $5,000,000 at 3-48^ per
As bearing on the continuance of trade activity there cent. In March 1904 $3,000,000 3^s found a market at
has been one development in this city of the highest im- 3-49^ per cent and in Jan. 1904 $10,000,000 were disportance within the last week.
We refer to the fact that posed of on an interest basis of 3-49 per cent. That the
these unfilled orders aggregated 5,597,-
3-49 per
cent
j
S
at last there is to
Saturday
last a
be peace in
new
the building trades.
On
agreement between
joint arbitration
figure obtained last
peated, does not
employers and employees was entered into at a convention at the Building Trades Club.
This meeting was
attended by representatives of the various unions, the
place, with the stock
difierent trade
attributed
associations of employers
and the BuildEmployers' Association.
committee to
formulate an agreement had been appointed some time
A
ing Trades
ago;
and
was the
it
that received the
participating
result
of this
committee's work
approval of the different organizations
the
convention.
It is stated that
the representatives of all but four of the thirty-two trades
participating
in
came with power
November should not have been
seem altogether
re-
In the first
market decidedly unsettled, conditions
strange.
were hardly favorable for obtaining the best prices. In
the second place there is considerable force in the remarks
that the
to
supply of
New
Grout argues
York City bonds has for the
time being become over-abundant.
ing
''it
gold,
is
Mr.
Comptroller Grout.
possible
He
to overload the
and when the market
is
overloaded
a tendency to lower prices."
statement will appear
when
is
it is
The
quoted as say-
market even
it
M'ith
naturally has
significance of this
recalled that in the cal-
The four excep- endar year 1904 the aggregate of the public sales (after
were the stone-cutters, the cement masons, the eliminating sales to the city's own sinking funds) was no
bricklayers and the tilelayers.
The only reason why less than $75,000,000, which with the $25,000,000 now
these four were not empowered to act was that the unions placed thus makes a full $100,000,000 additional of New
had not had time to meet. The vote to adopt the new York City obligations. It is in such a state of things,
to
act.
tions
arbitration
A
however, it is reported, was
unanimous, the representatives of these four unions voting for the agreement in their individual capacity.
The scheme goes into effect at once except in
however, that the investor finds his opportunity.
New
York City bond yielding close to 3J per cent and fre«
fi'om all except State taxes is obviously a desirable in*
the
money
case
agi-eement,
of
will continue to
the
four
work under
unions
referred
the old
agreement
to,
which
until ac-
vestment, and ought to look inviting to
to place in that
way.
those having
.
THE CHRONICLE.
1696
The market
for
money resumed normal
conditions
week, indicating that the flurry in call loans at the
close of last week was largely due to manipulation in the
this
Though there was a collapse
of the comer in May wheat, news of a heavy bank defalcation in Milwaukee and extensive liquidation in the stock
market on Monday, money on call was comparatively
easy and the supply subsequently became abundant.
interest of hear speculators.
Money on
representing bankers' balances, loaned at
'[Vol, lxxx.
a narrow range; indeed, the movement therein has
been extremely sluggish for the past fortnight, while
in
The
on Tuesday of
another farthing per ounce in the price of bar gold and
in American Eagles at London, to 77 shillings 9| pence
sterling has been fairly active.
rise
former and to 76 shillings 4f pence for the latter,
attracted little attention because it was so slight, and
for the
also
for
the
reason that the
rate
for
on London indicated that thoucrh
that direction
of
gold was in
exchange
at
moveit
had not
the Stock Exchange during the week at 4 per cent and ment
Even on Thursday, when,
at 2J per cent, averaging about 3 per cent; banks and yet become important.
trust companies loaned at 3 per cent as the minimum. because of renewed tension over the Morocco incident,
On Monday loans were at 4 per cent and at 3 per cent, rentes fell at Paris, and Berlin and Amsterdam freely
with the bulk of the business at 3J per cent. On sold securities in London, neither the French nor the
Tuesday transactions were at 3J per cent and at 2^ per German check rates were materially changed, and these
call,
cent, with the majority at
3 per
and
loans were at 3 per cent
On Wednesday
cent.
2 J per cent, with the
at
On
Paris
fairly accurately
were regarded as
the
reflecting
the some-
what inconsequential character of the political situation;
market was not in the least inand on Friday transactions were at 3| per cent fluenced, and rates were steady and practically unaltered
and at 2f per cent with the majority at 3 per compared with those ruling on the previous day. The
Time loans on good mixed Stock Exchange unconfirmed rumor of a naval engagement in which the
cent.
collateral were quite freely ofiered, but the business was Japanese had suffered the loss of several vessels had a
bulk of the business at 3 per
cent.
Thursday
confined to contracts extending into the late months of the
therefore our exchange
was suggested that
open market discounts at that centre might
in
disturbing effect
London, but
it
Bates were 3^ per cent for sixty to ninety days, the rise in
3^ for four to six and 3f per cent for seven to eight have been chiefly due to the semi-monthly settlement.
months. Commercial paper was in good demand, with Gold received at the Xew York Custom House for the
a moderate supply, and quotations were 31^4 per cent week, 1445,947.
for sixty to ninety day endorsed bills receivable, 4®4^
Nominal quotations for sterling exchange are 4 85®
year.
4 85^ for sixty-day and 4 87'S)4 87^ for sight. The
six months' single names.
market opened on Monday at a decline, compared
for
actual rates
week, in
last
with Friday of
The Bank of England rate of discount remains un- long of 5 points, to 4 8440®4 8450, and at an
changed at 2^ per cent. The cable reports discounts of advance of 10 points for cables, to 4 8650^4 8655;
per cent for prime and
4J®5
per cent for good four to
bank bills in London 2^'2)2^ per cent. short was unchanged at 4 8620'S)4 8625. On TuesThe open market rate at Paris is If ®1J per cent and day long fell 10 points, to 4 8430®4 8435, while
at Berlin and Frankfort it is 2^'S)2f per cent.
Accord- short rose 5 points, to 4 8625'S)4 8630, and cables 5
ing to our special cable from London, the Bank of Eng- points, to 4 8650'S)4 8660.
On Wednesday, in response
land lost £508,290 bullion during the week and held to a good demand for remittance, the market was strong,
£35,822,242 at the close of the week. Our correspond- and long advanced 15 points, to 4 8445'S)4 8455; short
ent further advises us that the loss was due to exports of 20 points, to 4 8645®4 8650, and cables 25 points, to
£75,000 (of which £65,000 to South America and 4 8670®4 8675. The market was steady and unchanged
£10,000 to Gibraltar) and to shipments of £433,000 net on Thursday. It was strong on Friday at an advance
sixty to ninety day
to the interior of
of 10 points for long and for cables and of 6 points for
Great Britain.
short.
The
exchange market has been quiet though
The following shows daily posted rates for sterling
generally strong this week.
There were some indica- exchange by some of the leading drawers.
tions on Monday and on Tuesday of oflferings of finance
DAILY POSTED KATES FOE FOREIGN EXCHANGE.
bills,
foreign
rates for sixty
sharply; later,
sponse to a
and ninety-day
however,
demand
preference to short.
there
for
such
drafts declining quite
was a recovery
bills
for remittance in
Sight exchange was in somewhat
urgent request on Wednesday, there being a fast steamer
on the following day, and the demand was chiefly to remit for part of the first instalment of the Japanese loan
for
$75,000,000, subscriptions for which were
Apr.
in re-
made
in
60 days
4 85
4 87
< 60 days
Co. ?SlKht..
Bank British
J 60 days
No. America.. ?8iKht..
5 60 days
Bank Of
{SlgUt..
Montreal
Canadian Bank 5 60 days
of Commerce, jSkht..
Heldelbach. Ick 5 60 days
elhelmer&Co. } 8lKht
00 days
Lazard
J
... i 81k lit..
Freres
Merctiants' Bk. 5 60 days
JBlKht..
of Canada
4 85
4 87
Brown
Brothers
5
&
Co.
Barlnsr,
Magoun &
.
London by American
investors.
There was also
an
inquiry for this class of exchange incident to the renewal
or extension
of maturing finance
4 85
4 87
4 85
4 87
4 85
4 67
4 85
4 87
4 85
4 87
4 85
4 87
21.
MON., TUES., Wed.. Thur.. Fki..
Apr.'U. Apr. 25. Apr. 26. d.pr. 27, Apr.US.
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
86
87
85
87
85
87
85
87
85
87
86
87
85
87
85
87
85
87
86
87
85
87
85
87
85}^
85
87
85
87
85
87
85
87
85«
87^
t^
85
87
were
The market closed on Friday at 4 8455-2)4 8460 for
in demand because of the semi-monthly settlement on the
London Stock Exchange, though the inquiry therefor long, 4 8650^4 8055 for short and 4 8680®4 8685 for
Commercial on banks, 4 8425®4 8430, and
was less urgent than is usual at such periods. Bankers cables.
payreported a great scarcity of cotton bills, indicating that documents for payment, 4 83^®4 8470. Cotton for
8425-2)
those drawn against the spot movement of this staple are ment, 4 83J®4 83§, cotton for acceptance, 4
bills.
Cables
The market was quite bare of 4 8430, and grain for payment, 4 8460'2)4 8470.
bankers' drafts, and hence the more or less sharp advance in them in response to the above-noted demand for
The follo^\^ng gives the week's movements of money
remittance.
Continental exchange rates fluctuated with- to and from the interior by the New York banks.
for delivery
on contracts.
—
THE CHRONICLE.
Ajpe. 29, 1905.J
Week ending AprU
Shipped
Received by
28, 1905.
Net Interior
Movement.
bii
S. Y. Banks. N. T. Banks.
Currency
Gold
$7,697,000
749.000
$4,549,000
Gam.
J;3,148,000
724 000
Gain.
£5 000
1^8,446,000
21,300,000
§5,273,000
20,300,000
Gain. $3,173,000
Gain. 1,000.000
$29,746,000
2o. .573,000
Gain. 84,173,00C
amount
of bullion in
1697
Delcasse's
intention, his
achieved.
The
thrill
purpose has been admirably
and misgiving which
of doubt
per-
vaded all of serious Europe when the resignation was
?5.273 000
Gain, ja.173.000 first rumored had basis largely in the feeling that the
f8.446.000
Total crold and legal tenderg
Witli the Sub-Treasury operations the result is as personality of the diplomats at the head of the European foreign oflfices to-day has had very much to do with
follows.
preserving neutrality on the part of nations outside of
Net Change in
Into
Out of
Week ending April 88, 1905.
Banks.
Banks.
Bank Holdings.
the two belligerents.
Banks
Interior
movement
as above
Sub-Treasury operations
This incident of the past week, in
brings sharply
fact,
phase of the diplomatic situation which is
be regarded with most attention by the future
to notice the
Total eold and leeal tenders
...
The following table indicates
the principal European banks.
the
likely to
historian of the present
any occasion of the
recall
AprU
AprU
27, 1905.
28, 1904.
riod 1870-71,
Bank of
BnKland,...
Gold.
Silver.
Total.
Gold.
Silver.
lotaL
k.
M
£
£
£
£
85.822,842
35,822,242
34,485,455
pulously off from
84,150,000
8,017,000
92,167,000
47,482,000
12.985,000
60,467,000
21,041.000
35,848,000
14,676,000
19,876,000
84.552,000
22,884,000
8,527,100
26,411,400
22,120,000
3,817,200
25,937,200
6,079,200
6,244,100
12,323,300
5,456,000
6,565.500
12,021,500
8,195,333
1,597.667
4,793,000
8,080,000
1.540,000
4,620,000
Aust.-Hon.t
Spain
47,992,000
13,027.000
14,807,000
Italy
Netherl'ds..
Nat. Belg.*.
ofiices
The
critical jjperiods
present case
is
prevent a
to
that of a
common
at
do with
rupture; but
the
purpose held by an
may
It
M. Delcasse and Lord Lans-
downe, supplemented undoubtedly by the assistance of
We
their respective rulers.
mean
do not
say that
to
two men would at the present time be
indispensable; nor should we go so far as to assume that,
had conditions generally been unfavorable to such Angloeither of these
TRE FOREIGN OFFICES AND TMF WAR
French
SITUATION.
But
was placed on discussion
war by an incident at last week's close.
It happened that the filing of his resignation by M. Delcass^, head of the French foi*eign ofiice, occurred on what
was practically an Easter holiday in all the principal
American and foreign cities. Eor that reason it was
impossible, even on Saturday, while his resignation hung
in the balance, to say exactly what its effect on political
and financial confidence would normally have been.
Happily, and before the financial markets opened again
for business, M. Delcasse had been induced by the personal efforts of the Premier, M. Eouvier, and of Presi-
co-operation, the Ministers could
the
essential point to
the United
in France, in
interesting aspect
of the Eastern
Berlin Foreign Ofiice
—
Kaiser
in
notice
States,
is
and
have achieved it.
that in England,
—
so
as
far
the
can be distinguished from the
Germany, the strong hand of the State has
been stretched out
brium that war
to
hold the situation in such equili-
from accident or from
shall not result
To
popular outbreak of a moment.
great has been the importance
how
appreciate
of this phase of the situa-
mind need only be directed to the numerous
which have marked the Eussian war itself,
tion, one's
incidents
any one of which might, under a Ministry of less resoand specific purposes, have involved directly either
England or France, and therefore both, in the Eastern
lute
dent Loubet to withdraw his resignation.
conflict.
The Eed Sea
Dogger Bank
seizures, the
epi-
mention other incidents which have seriously
strained relations for a moment, came to nothing in the
surrounds the matter of the For-
sode, not to
eign Minister's motive in asking release from public serit
to
importance in preventing embroilment of Europe
first
personal determination of
Generally,
much
—a relation which was of
large in the Eastern struggle —was an outcome of the
the
The Austro-Hungarian Bank Statement is now issued in Kronen and
Heoer instead of Gulden and Kreutzer. The reduction of the former currency
to sterling & was by considering the Gulden to have the value of 50 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent
in London, in order to reduce Kronen to £, has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.
vice.
—where
of these great
tween France and England
t
still
quarrel
control
be said, indeed, that the whole present situation as be-
m
close approximation.
Some mystery
in
unusually competent group of foreign Ministers.
bnllion in the Bank of
best estimate we are able to obtain; in neither case is it claimed to ba
accurate, as those banks make no distinction in their weekly returns, merely
reporting the total gold and silver; but we believe the division we make is a
A new and
men
scru-
Undoubtedly Mr, Gladstone, at some
in Anglo-Eussian controversy, was able
by his single influence
our tatle of coin and
and silver) given
Germany and the Bank of Belgium is made from the
division (between gold
possibly the pe-
the Franco- Prussian
stand for peace has had so
to
shaping history.
Tot. week... 387,618,490 109.607,907 497,226,397 343,565,563 109,813,818 453.379,381
Tot. prev. .. .383,810.104 109,209.202 493 019,306 343,733,925 109,265.177 452.999.102
*
—unless
84,485,455
6,868.000 111.882,000
61,019,000
105,014,000
sort
do not ourselves
the neutral foreign ofiices held
the determination of the
111,748,715 43,943,740 155,690.455 97,201,108 44,745,118 141,946,226
France
Germany*.. 40,078,000 13,359,000 53,437,000 34,915,000 18,268,000 47,183,000
Russia.
when
We
period.
way
has been ascribed to dissatisfaction
of provoking actual hostilities, because these import-
over attacks made in the Chamber of Deputies on the ant diplomats had fixed their purpose positively at the
moderation of Delcasse's policy toward Grerraany in the preventing of such results.
Moroccan matter. So far as can be seen, the German
To what extent this enlightened and useful diplomacy
Emperor had yielded to one of his occasional fits of hasty may be regarded as a permanent factor in the interimpulse when he virtually warned the world that Mo- national situation is no doubt in some measure a^ open
rocco had some one on whom she might rely to prevent question.
It depends for one thing on the mood and
aggression by France upon her territory or independence.
attitude
The
to
was somewhat needless, because, except
France has taken
no such aggressive step. The Chauvinists of the French
Parliament naturally enough cried out for an immediate
counterblast by Delcasse.
That Minister, to whom selfrestraint is the first of diplomatic virtues, refused to comassertion
for its claim of a sphere of influence,
ply with
their
abroad seems
desire.
time
stance,
of
—
as
the people, which
it
during
Spanish War.
did
the
We
in
the
dozen
may
United
years
vary
from
States,
ending
think, however, that
time
for
with
in-
the
two highly im-
portant lessons have been taught to the people and the
governments of the world by recent episodes in war
one, the immense strain and burden which must be en-
This week the popular theory
tailed
even by so small a contest
as,
the Transvaal
War
j
have been that his resignation was pre- the other the exceptional uncertainty in which such consented as a flat warning to these people that they might tests are nowadays involved by the progressive change
have him as he was, but on no other terms. If this was in armaments and strategy. If the best expert opinion
to
'
—
:
THE CHRONICLE,
1()98
France and Germany was
mistaken as
[YOL. LXXX.
"In the early days of the change from horse to electric
the relative strength of the two combatants at the open- railway, promotion ran wild with the idea that immense
ing of the Eusso- Japanese War, what confidence can any profits were to be realized in the extension of the old and
nation hare in the opinion of its experts as to the status in the construction of new railways as electric roads in
of itself measured Avith another Power ?
This, to be sure, any and every direction; that where no business was in
in
so totally
to
was the moral drawn from the frightful blunder made by
the French in accepting Bismarck's challenge in 1870.
electric car.
But
of years in which novelty disappears,
lessons of this sort often need to be repeated
time,
it
;
this
would appear, the diplomats have taken them
to
sight
MASSACHUSJSTTS ELECTRIC RAILWAYS
AND STATE REGULATION.
question of the financial success of electric rail-
enterprises, concerning
which inquiry
is
keen,
is
given additional interest by a discussion treating of the
larger
sponding
cars,
and
test of this opinion, necessarily a test
has
there
expected
Operating
business.
and
The
of the
is
now
practically
Experience has shown that with the more
roadbed and equipment, the heavier rail
complete.
and
way
would appear under the creative magic
expensive
heart beforehand.
The
it
not
been
development
cost,
too,
the
of
corre-
permanent
heating
in
cars
and renewal of plant, has proved larger
than was expected. With the new accommodation and
the nearer approach to railroad conditions has come the
in repair
increased
demand
of the public for expenditures in the
and
comfort which had not been
Board of Railroad Commission- counted upon, as, for example, in construction of double
In an article m the last number of our track, instalment of signal systems and establishment of
experience of Massachusetts street railways contained in
interest
of safety
the annual report of the
ers of that State.
Street Eallway
Section (issued February 25), the
and
a general way, and
waiting rooms. Hurried along by the natural enthusiasm
new
type of railway, with
subject of the profitableness of electric street railway
for the
interurban lines was touched upon in
tive features, capital,
its
many most
attrac-
sometimes deliberately misled, has
the reasons for the unsatisfactory results realized in certain been invested in undertakings for which there was no
special cases,
tion,
which have attracted a good deal of atten-
At
pointed out.
sufiicient
demand and which
that time the printed report of roads run, not only without return
Commission with the figures for the but at an actual loss of
But where is all this
year ending September 30 1904 was not available,
the Massachusetts
but has since then been received.
now
are
represented by
upon the investment,
capital."
to lead to ?
The Board argues
that the future promises as possible events three things
There can be no doubt that results in Massachusetts the acceptance of an unsatisfactory service as better than
have been disappointing, and particularly the outcome nothing j an increase in fares, or the abandonment of the
of operations for the latest fiscal year.
The Massachu- railway. As was to be expected, the Commission finds
Board does not mince matters at all in that regard. it "a source of gratification" that under the restrictive
It speaks plainly and bluntly. Under the head of "Street laws of Massachusetts, "while capital has taken its own
Eailway Conditions" the following trenchant observa- risk as to the earning capacity of these enterprises, in no
tions appear
"The street-railway returns of the year are case has there been an issue of stock or bonds in excess
setts
:
suggestive.
Of 74
operating companies, 30
eani expenses and fixed charges
5
25 paid dividends
the 25 which paid dividends, 14 earned
companies, as
yearj
hands of receivers.
their railways in
stated
failed to
;
of
them during the
above, have been in the
Very few companies
good repair reserved
besides keeping
for depreciation
of the fair cost of the
railway property, to act as a conIt is pointed
tributing factor to the existing troubles."
out that upon some railways fares have been raised and
with encouraging results, but such action
is
usually unpopular and
lessening the
is
often
it
is
observed
taken at the risk of
The Board is
this is the remedy
volume of business.
con-
what prudent management would require. Generally, strained to say, however, that if
it is
present necessities only have been met, the future, with better that it be applied than that the public lose th©
its inevitable expense of replacement and reconstruction,
benefits which the railways bring.
being allowed to look out for itself. Under Chapter 483
Examination of the statistical tables in the report
of the Acts of 1902 the Board prepares a yearly list of seems to bear out the conclusion that the trouble has
companies which appear from their returns to have prop- been that net income has not grown in proportion to the
erly earned and paid a dividend of at least 5 per cent for increase in the capital invested in the enterprises
the five years immediately preceding.
Thirteen compa-
capital limited, too, to the
actual
cost of the property.
upon the list Taking a retrospect covering the last ten years, it is
submitted in January 1903j the list of January 1904 found that in 1894-5, with only $27,900,085 stock outcontained the names of twelve companies^ that sub- standing, the net divisible income for the twelve months
mitted this year contains the names of ten companies."
of Massachusetts street railways was $2,257,355 with
nies were found to be entitled to a place
It
cannot be denied that the facts here cited are "sug-
gestive."
On
severe weather
a previous occasion
we
referred to the
experienced last winter and
the
loss
only $1,600,190 distributed in dividends, while in 1903-4,
with $08,542,038 of stock on which to earn a return, the
net divisible income of the street railways of the Com-
summer, owing to the coolness of monwealth had risen only to $2,998,114, while $3,214,the season, as circumstances to which might be ascribed, 496 was distributed in dividends.
in part at least, the poor showing lor the latest year. But
As concerns the return on the money actually invested,
the Massachusetts Commission does not think this an the showing may be considered even worse than appears
adequate explanation, saying "it is not safe to count from the face of these figures. For under the system in
upon mild winters and warm summers in this part of the force in Massachusetts, the par value of the stock does not
country, and while it is agreed that the past year was an represent the full amount of cash that may have been
extraordinary one, it is plain that the weather did not paid for the same.
The Massachusetts Commission will
drive five companies into insolvency and otliers j)eril- uot allow a company to sell new stock to its shareholders
ously near it."
The Board thinks the evil more radical. at par where the market price is such that a premiuia
of receipts the previous
',
;
Ape.
THE CHEONICLE.
29, 1906.]
can be realized npon
A company
obliged either to
in
dispose of its stock at public auction, thus getting the
best price that can be realized by competitive biddiog, or
at
it.
is
1699
which the advertisements (where
auction)
offering
new
the
sales are to
securities
must
be
made
appear.'
Moreover, in fixing the cost of improvements or new
construction, items are allowed or disallowed at will, the
Commission fixes the price itself below which it
can not be sold. For instance, in August 1904 the board's decision being final in
such matters. In hosts of:
West End Street Ey. issued $150,000 additional com- other ways the roads are in complete
subjection to the
mon stock to pay for improvements. This new stock will of the Commission, so that private
initiative is in
added only the amount given to the total of outstanding large measure lost, everything
depending upon the Com-;
stock, but the purchasers actually paid an average of 183
mission and the Commission alone.
The Board even
for the stock.
The West End is a leased road and 7 per has a large measure of authority over the
construction
cent dividends are paid on its common stock, and this is of the
roads, saying what may be done and what may
the rate which appears in the tabular presentations of
not be done. There was a time when the Massachusetts,
the Massachusetts Commission.
As will be seen, how. Board had simply advisory powers, but that was long,
else the
ever, the
new
purchasers at the rate they paid for the
stock, are actually realizing not quite 3^ per cent.
ago.
Practically, no important step
by the management of either
can
electric
or
now be
taken'
steam roads,
In the case of steam roads paying a high rate of divi- without consent
of the Board.
Its permission or apis often still greater.
In this view proval is an indispensable prerequisite. But
wl^^fial
is there not an element of injustice in thus compelling
State takes everything into its own hands, can i? escape
sale of new stock at the utmost figure that can be obresponsibility for the results
taking credit
dends, the disparity
tained for
it.
—
To
shares shall be
require that
obtained
is
statistics
face value
one thing, but
and exact the full market price
an obvious disadvantage, and
fulness of official
the
is
to
to
of
outcome
the
go further
put the investor
also to impair the
In the
to
satisfactory but
unsatisfactory
is
blaming the
when the'
outsider when it
?
^
have we not here another
instance of a failure of State regulation?
And a most
conspicuous instance, too, since in that enlightened
use-
compiled without regard
is
to
last analysis, then,
com-
For when in the public prints the subject of raon wealth, under the
favorable conditions as to populadividend payments is discussed, it is invariably the divi- tion and
industrial development prevailing there, and
dend on the face value of the stock that is considered, the further
fact of a railroad board with a high personnel
and hence it will happen that an investor appears to be and imbued
with none of the noxious doctrines that
that fact.
very high rate— 7, 8 or even 10 per cent— find root elsewhere,
the experiment should have been
when he is really getting some very low rate, say 3®! successful, if ever it
can be successful anywhere. Perper cent, having regard for the money the company haps
some one will think we are too solicitous regarding
getting a
actually received for the stock.
the
Passing that point, however, there are some lessons in
the poor results attending the operation of Massachusetts
electric street railways that should not
course
it
be overlooked.
Of
does not necessarily follow that the experience
of Massachusetts
is to
be duplicated elsewhere.
A road
originally built as
an electric railway has obviously an
advantage over an old road which had been run by horse
power and in being converted into a trolley road had virtually to be made over.
But the situation in Massachu-
interests
alone suffer?
of the
investor.
thing, certainly
has
as
is
better
the investor
public, if it has not lost anygained nothing, for the situation
which confronts the public
mission)
But does
The general
language of the Com"the acceptance of an unsatisfactory service
than nothing; an increase in fares, or the
(in the
abandonment of the railway."
What chance does such
a situation leave for future development of the
electric
railways in Massachusetts?
has been peculiar, in the fact that there the State
regulates and supervises practically everything connected
with thfi rfiilroads. Limiting the issue of capital
to the
cost value of the property has been taken as
aflFording
setts
THE
NEW YORK
SAVIWOS BANK
INVESTMENT
BILL.
The iTew York Legislature is to be commended for
alike— the pub- having passed the savings bank
investment bill in its
lic (so it is always argued) would not
have to pay a re- original form. The various
amendments proposed in'
turn on an inflated capitalization, while the investor
on the Senate were objectionable, not because they
would
the other hand, with the assurance that the
stock and have made undesirable additions to
the list of invest-i
bond liabilities had not been watered, would know that
ments, but because they would have changed the
whole
he was buying something on which dividends or
interest character of the bill.
The purpose of the measure is to
could be depended upon with reasonable certainty.
do away with the old method of amending the law,
that
In theory this appeared very plausible, but in practice,
is, instead of making
specific additions to the list with
protection to the investor and the public
as
we
see, the result
has been quite different.
ficient to dismiss the
who
invested their
money
lightly.
its
it
suf-
matter by simply saying that those
taken in their judgment
that capital took
Is
own
?
in these enterprises
It
seems
to us
were mis-
suffice if there had
been complete freedom of action on the part of
capital.
But in no other State in the Union is supervision of the
roads, both electric
and to
must conform.
There were many evils connected with this old method.
bond issue might be in every way meritorious, but if
had no friends in the Legislature or if its friends were
which
that to argue
risk is to treat the subject very
Such an explanation might
each succeeding session of the Legislature, to fix
general
standards and general tests applicable in all cases
A
it
all
not zealous and active, the issue would be denied admission to the favored class. Then as there was
undoubtedly
and steam, carried to the lengths it an advantage in
giving an obligation this savings bank
We have already seen that the Rail- qualification we mean advantage in the way of price
road Commission fixes the price and amount of new
cap- those seeking legislative endorsement for
a bond could
ital additions, whether stock or bonds.
It really does a never entirely escape the imputation
of acting from ingreat deal more than that.
It, in effect, regulates every terested
motives, no matter though the charge might be
detail of the transaction, even designating
the newspapers wholly unwarranted and no matter
though the sole aim
is in
Massachusetts.
—
•'
THE CHRONICLE,
1700
was
to furnish
savings institutions a wider basis of miles of road situated in the United States, or
to
Obviously, too, so long as there was no definite
choice.
lawmaker was always puzzled
fixed standard, the
be urged to enlist his
on behalf of
efforts
de-
to
He
termine what qualifications to insist upon.
might
bond or
this
varying widely in merit; but in the absence of a
prescribed standard sharp difierences of opinion were sure
that,
to develop as to
At
the
best
[Vol. lxxx.
what these
the
qualifications should be.
plan was a haphazard
old
not
own 500
miles the gross earnings per
in excess of $10,000,000; its
five years
interest
have equaled
and
one-third of
if it
does
annum must be
earnings must for
gross
at least five times the call for
rentals; its capital
stock
must be at least
it must have
authorized indebtedness, and
its
paid for five years 4 per cent dividends on
its
entire
capital stock.
way
of
This,
it
an automatic way of
will be seen, provides
A
security may not be eligible to the
was a very mischievous practice, enlarging the list.
too, for dealing with a matter of such great and grave list to-day because the road has not paid dividends for
importance. For in the whole range of legislative ef- the required length of time, but twelve months hence,
forts what problem is deserving of greater care and con- with the continuance of dividends for another year, it
There is also an important
sideration than the question of providing at once safe might fill the requirements.
and remunerative lodgment for the enormous body of provision with reference to new mortgage issues of roads
making
It
selections.
funds at the
command
of the savings institutions of this
State ?
now on
to
These are the reasons why the new
troduced in the Legislature was received
The
went
through
the
list.
We allude
requirement that as
to the
such roads the mortgage securing the bonds must in
when in- each instance have been executed and recorded prior to
with so much Jan. 1 1905. This means simply that while the Legisbill
Assembly
makes no change
bond issues
readily enough.
In the Senate came the suggestion of of such roads, any new mortgage bonds issued by the
various amendments, all made no doubt with good intent, companies thus specifically named can only become a
but which could not be tolerated for a moment. To pro- legal investment provided the companies and the securvide well-defined standards (as was the design of this ities comply with the general requirements regarding
satisfaction.
measure) and then
bill
to tack
the
on specially named securities
lature
railroad investments
in the case of the old
which the new Act contains.
which, except for such specific mention would not be
eligible to the
list,
they failed to conform to the
since
standards set up, had an element of the ludicrous in
Even
make
modify some
to
same
the
would
issues
qualifications in order to
the
of
some
fit
been
have
particular
Bank
or
issue
At
regrettable.
TEE GENERAL ELEGTBIG REPORT.
it.
this
The annual
showmg
while
Company,
and a smaller volume of
report of the General Electric
smaller profits
business than in the preceding year, reveals on the whole
Taking as a measure of the
State, which fathered the measure, did good service, as volume of business the amount of goods billed, it is found
for 1904-5 was
it has done so many times before, in the resolute stand it that the aggi-egate
$39,231,328, as
took against any move calculated to impair or to destroy against $41,099,617 for 1903-4. But in 1902-3 the
the main purpose of the bill.
Governor Higgins's atti- amount was only $36,685,598, while in 1899-1900 it was
tude no doubt also did much to preserve the original but $22,379,463 and in 1898-9 no more than $15,679,.
form of the bill and prevent its being shorn of its best 430. Thus, with the exception of the previous year, the
For Mr. Higgins let it be distinctly known late year's business was the largest ever done.
features.
that he would not afiix his signature to any Act legalizThe reaction in 1904-5 from the very high figure of
izing the securities of any particular railroad.
He well 1903-4 seems only natural, considering the business conunderstood that there had already been too much legisla- ditions that prevailed in the late year. The period covtion of this sort in past years, and he was determined ered by the company's report is the twelve months endthat there should be none of the kind during his ing January 31, so that the results embrace only one
month of the calendar year 1905 and eleven months of
a dministration.
juncture
The
the
bill as it
Savings
stands
is
Association
by no means an
idea]
of
the
measure.
"We published the text of it in our issue of March 11
In keeping on the list all the various
1905, page 1033.
added from time
securities
to
time in the past (the gen-
and not to the
past), most of the incongruities of the old law are retained.
As has been previously pointed out by us, the
eral standard fixed applying to the future
old
list
conforms to diverse standards.
But
this is
drawback there was probably no way of avoiding.
would manifestly have savored of harshness, and
truth
have been inequitable,
if after
a
to dispose
of
the
calendar year 1904.
It
be
will
recalled
by the
was not a period of
large trade activity.
On the contrary, it was a period
of inactive trade, save for the decided revival which
came towards its close. In a word, the reaction which
occurred in the industrial world the last half of 1903 extended through at least seven or eight months of 1904,
reader that 1904, taken
as a whole,
the Presidential election
tending
(in
addition to other
It
circumstances) to enforce quietude of trade for the time
in
being.
having give n the
banks authority to employ their deposits in the purchase
of any of these securities, the Legislature now obliged
the banks
very satisfactory results.
them by excluding them from
As
evidence that the revival in good part did not
spring up until towards the end of 1904, the improvement
thus coming too late to count for
sults,
we may
recall that
1904 that the reduction
it
much
was not
by the
steel
in the year's re-
until
September
manufacturers in
which define the characteristics and limitations that are to govern railroad
investments in general.
Speaking broadly, these re-
$23 a ton to $19 50
was made, and that less than two months afterwards
(November 15) the situation had improved so much that
it was found possible to advances prices again for billets
from $19 50 to $2L
Thus the inference seems correct that the falling off
quirements are that in order to make any bonds legal
in the business of the
the railroad
lulling
the legal
In an
the
list.
editorial article in
and
wo outnew law
our issue of March 11
lined at length the changes to be
made by
the
set out the general provisions
company issuing them must own
at least
500
official price
off,
as
of steel billets from
we have
General Electric Company (which
already seen, was relatively small
:
:
Apr,
THE CHRONICLE.
29, 1905.]
considering the extent of the previous increase) followed
entirely from trade conditions.
twelve months
The net
profits for
the
(including $281,927
1701
gations, nor has its credit been used either by
issuing'
notes, endorsing customers' paper for discount or
lending
its name in any way.
In other words, its established
profit on sales of
and $810,098 received from royalties
policy of maintaining sales on the basis of cash, or
short
dividends and interest on stocks and bonds, and sundry credit to desirable
customers, has been adhered to.
profits and interest and discount) were $6,719,516 this
It is too early yet to speak
stocks and bonds
comparing with $7,789,370 for the year preceding. iTotwithstanding this loss of a million dollars, however, from
the preceding year, these net profits were over 3 million
excess
dollars in
year, the
of the
amount paid out
dividend requirements of the
in dividends having been
(8
per cent on the stock) only $3,684,384.
In addition to
the dividend payments the sum of $759,054 was written
off in re- valuing the assets of the
Stanley Electric Manufacturing Co. and other acquired interests, leaving the
surplus
for
the
twelve months,
over
and dividends, $2,275,508,
charges
the previous accumulated surplus
made
and above
which added
all
to
the total surplus
January 31 1905 $9,569,196.
It should also be noted that in arriving at the profits of
$6,719,546 tor the twelve months the usual deductions
and allowances
and
for depreciation
were made.
oft from Patent Account
and $1,778,491 from Factory Plants and Machinery,
making $2,372,115 together. The company's conservative methods of bookkeeping and accounting have
often
losses
Thus, $593,624 was written
been referred to in these columns.
from Patent Account and charged
represents
months.
all
as
to
at
the whole of the company's
and good-will still standing on the
small
the
Factory
figure
of
As
$2,000,000.
far
Plants are
concerned the expenditures
during the year for real estate and buildings, for machinery and for patents, etc., looted up $2,778,492.
Of
$1,778,492 was deducted,
this,
already
as
stated,
in
arriving at the year's profits, leaving only
$1,000,000 as
a charge upon the books for all these extensive
additions
and making the total charge for factory plants on the
books $7,500,000. Going back to 1893 we find that
the
book value of the factory plants at that time was
$3,958,528.
In the twelve years since then the outlays for
lands,
buildings,
machinery,
were no less than
Hardly 3f million dollars of tiiis amount
was added to Cost Account on the books, while the sum
of $13,532,539 was entirely written off
to allowance for
etc.,
$17,074,010.
depreciation.
It is needless
to say that
in excellent shape.
was issued
stock
to
the company's finances are
During the year $4,377,910 of new
stockholders at par, and the total of
the share capital outstanding
now
is
facturing Co. (acquired in 1903), amounting
to $2,500,000, was paid off.
Furthermore, while on January 31
1904 the deferred
liability
Curiis turbine patents
$834,000, on
been reduced
31
actual
hand
is
evident from the following
contracts which
we
contracts on
enumeration of these
find in the report of the First Vice*
President:
Contracts with the
New York Central RR.
for thirty 90-toa
electric locomotives, for 40,000 k.
w. capacity steam turbines,
for entire switchboard plants for the Mount Morris
and
Yonkers power stations.
Contracts with the Public Service Corporation of New Jersey for steam turbines and rotary converters, with
complements of transformers, switchboard apparatus, etc.
Contracts with Interborough Rapid Transit Company
of
New York City for additional control equipments and motors
for operation of the
Subway
trains.
Contracts for car equipments with the New York
City
Railway Co., the Philadelphia Rapid Transit Co., the Chicago Union Traction Co., the Boston & Northern Street
Railway Co,, the Old Colony Street Railway Co., the United
Railroads of San Francisco and other traction and
street
railway companies,
Contracts for generators to develop water power in ten of
the United States and in Mexico and other foreign
countries.
Contracts for 154 steam turbines with eighty-six corporations and individuals.
These and other
that the
company
is
make it evident
new work.
in the report
facts
well provided with
1905
cash,
to
on account of purchase of
(payable in
January
31
1905
$342,000.
Moreover,
company
the
against
only
was
amount had
instalments)
the
held
on
ITESVIS
ABOUT SAMK8. BANKERS AND TRUST
GO'S,
bank stocks this week aggregate 93
shares, of which 48 shares were sold at the
Stock Exchange
and 42 shares at auction. The transactions in trust compaiy
stocks reach a total of 47 shares. The first
public sales of
—The public
sales of
stock of the new Lawyers' Title Insurance & Trust
Co. (a
consolidation of the Central Rsalfcy Bond & Trust
Co. and
the Lawyers' Title Insurance Co.) were mada at
auction
this week at 825-3273.^.
BA3XKB—Vew Ycr/t.
Bank of
42 Corn Exchange B^nk
Shares.
Janu-
$6,529,116
of
Prine
*48 Oommeroe. Nat.
*.
V
2I7i;-224
^^*
SiJl^
5 City Trust Co
375
10 Commonwealth Trust CO...;;:: loO
7 Lawyers' Title Ins. & Trust Co. 327ia
<^°^- "^"^•> 325
***
-.
10 T
TVnatT?,
rust Co. ««.
10
of America
&77J4
*
T.ntt nreniMLt »ni^
Apr 1905- 225
Mm!
IS 05-
Anr ifio";—
Apr."
1905-
First Sale.
First Sale,
Apr.
IIL
ion
iw^
^
1905- 600
Sold at the Stock Exchange.
—Governor Higgins of New York has approved the bill recently pa=ssd by the L9gls]atare making it a
mlgdemaaaor
for an official or employee of any bank, banking
association,
savings bank or trust company to kaowinarly overdraw
his
account with such institution, or to ask or receive any commission, emolument, gratuity or reward, or promise of
any
commission, gratuity or reward, cr any money, property or
thing of value or of personal advantage for procuring
or en-
The deavoring to
procure any
Manu- count of any paper, note,
$48,247,943.
entire floating indebtedness of the Stanley
Electric
ary
company has important
year, but that the
This leaves
patents, franchises
books
off
expenses ($593,624)
that was expended in acquiring sundiy
in patent litigation during the twelve
and
patents
The sum written
probable volume
definitely concerning the
of business for the current or new fiscal
loan from or the purchase or discheck or bill of exchange, or
to permit any person, firm or corporation to
overdraw his
account. In full the bill is as follows
Section 1. Section six hunared of the Penal Code is hereby
to read as follows
draft,
amended
Sec. 600. Bank offloer overdrawing his account or
aeking for or receiving oommlselons or gratultlos from persons procuring
loans or
making overdrafts of their aooounts.-An offloer, director,
agent,
teUer, clerk or employee of any bank, banking association,
savlnga
bank or trust company who either (1) knowingly overdraws
Ws
account with such bank, banking association, savings bank or
truat
company, and thereby obtains the money, notes or funds of any such
bank, banking association, savings bank or trust company,
or
on January
and bonds held,
(2)
asks or receives, or consents or agrees
the notes and accounts receivable
and the merchan- emolument, gratuity or reward, or any to receive, any commlsalon,
promlsa of any commlsalon,
dise inventories had a value of
$45,005,229, against emolument, gratuity or reward, or any money, property or tiling of
31 1904.
Besides
this,
the
$3,289,445
stocks
$44,149,516 the year before. The report tells us that
the company has no notes payable.
Also, tliat during
the past year
it
has not borrowed money or incurred obli-
value or of personal advantage, for procuring or endeavoring to procure for any person. Arm or corporation, any loan from, or the
purchase or discount of any paper, note, draft, check or blU of exchange
by any such bank, banking association, savings bank or trust ootnpany, or for permitting any person, firm or corporation to overdraw
r
:
asBOOlation. savings
anyftooount with snoh bank. banking
misdemeanor.
a
of
guilty
trust company. Is
Immediately.
Sec. 2. This Act shall take tflfact
-As
capitalization of the new Exchange is given as $250,000,
memberships of
this amount to be raised from the sale of 500
Exchange reStock
Washington
seat on the
1590 each.
an advance
being
cently sold for $8,000; this is reported as
special committee
of 13,000 over the previous high record.
recommends an increase in the membership of the Wesh'ng-
banker
The
A
the erechints to financial institutions contemplaliDg
quartern,
buildings or the remodeling of present
A
new
a special number
tion of
(Vol. lxxx.
THE CHRONICLE.
1702
on -Bank
of the •« Architectural Review"
by
published
The work,
Buildings" has been gotten out.
A
each.
ton Stock Exchange from forty to fifty at $7,5C0
FranSin
of
photographs
Exchange
contains
membership in the Stock and Bond
the Bates & Guild Company of Boston,
$10,000,
of
the country, together with cisco was recently transferred for a consideration
of bank buildings throughout
previous
Articles bearing on the sub- This represents a decline of |2,000 from the last
interior views and floor plans.
price
contents. The publication sale, and Is stated to be $10,COO below the high-record
ject also form part of the book's
de.
planning,
reached in April 19C0.
special work on bank
is stated to be the only
issued.
been
ever
—The Greenwich Bank, 402 Hudson Street, cf which Mr.
sign and equipment which has
the defalcation of President
Bank of Milwaukee
Frank Q. Bigelow of the First National
frateinity. Not
came as a complete surprise to the banking
prominent banks of the
only as the head of one of the most
with the AmeriNorthwest, but also through his connection
he was President last
can Bankers' Association, of which
position in the
eminent
year Mr. Bigelow had occupied an
Monday, after his
banking world. He was arrested on
the embtzzlement of
resignation as President, charged with
-The news
this
week
of
is
during which Mr.
Duncan has been President and following the introduction
into its affairs, the institution has opened
tion until
over 8100,000. He was
Jury. The extent to
appear before the next Federal Grand
is $l,200,000-the
which Mr. Bigelow is Indebted to the bank
having been reduced
full amount appropriated, $1,500,000,
shape of real estate ana
1830 OCO by restitution made in the
A run on the institution followed the announcceecurltlee.
This, however, had
mint of the defalcation on Monday.
been Issued by the
been prepared for. A notice also had
enough had been subdirectors announcing that more than
ehortage. This guaranty,
scribed to cover the amount of the
follows
signed by all the directors, read as
The
1855.
last three years
new interests
of
to
in |25,CO0 bail
later released
President, will distribute its 100th
existence
consecutive dividend and complete its 50th year of
its creditable history,
as a State bank on May 1 next. During
semi-annual divithe Greenwich Bank has paid consecutive
started in 1830 as
originally
dends of 3 per cent. Although
banking institua private concern, it did not become a State
William C. Duncan
and increased its deposits from
branches are located at
$700 000 to over $4,000,000. These
West Broadway, net
135 William, corner Fulton Street; 260
4l3t Street. Tte
near
Broadway,
Canal Street, and 1,440
three flourithing branches
includes
and surplus is $1,000,000. The directorate
M. D^na'd, Frank
Eli H. Bernheim, Henry R. Carse, James
Handy, John S.
L, Froment, Charles O. Gates, R Fleming
Henry
Rhoades,
Harsen
John
McLean, Charles E. Orvis,
Alexander
Tilford,
Rowley, Charles Herbert Smith, Frank;
Duncan.
Walker, James T. Woodward and William C.
capital
:
Company
Ea&t Side branch of the Van VordenTruEt
at
afternoon
last Tuesday
do severally «g«e
of this city was destroyed by fire
For value received, we. the undersigned,
the
Wis
^Uwankee
on
Bank ol
The company's branch cffices were situated
advance and pay to the First National
five o'clock.
as the same may be needed
names,
respective
our
Grand and Orchard
opposite
set
sums
the ground floor of the Ridley Building,
deposits now In
for the payment on demand of all
East Side. The
lower
^^'^^^^f'''^^^^^^
Ow:6^^1^b Streets, one of the landmarks of the
there^.
wihln thJty days from this date may be placed
subordinate and postponed to fire started on the floor directly above the trust company.
hereunder for reimbursement shaU be
into the
all depositors and other creditors.
books and cash, which were hastily gathered
—The
to
.
All the
the claims of
Charles F. Pflster
FredVogelJr
Johnl.Beggs
E. Mariner
«600,000
J.HVanDykeJr
F J Klnp
O
.
ISS'SSS
Albert
f^onoo
August H. Vogel
Wmiam Bigelow
.-..-••
frostel
^2S'SRS
Fred.T.Goll
5p OOO
6 0,000
George P. Miller
Total
1905.
24,
April
Wis.,
Milwaukee,
Dated
With the coLtlnuatce of the alarm on th^ part of
^^O.OCO
60,000
25.0t
10,000
100,000
.$1,635,000
some of the
on Tuesday marning, a
en that day and
statement from the Milwaukee Clearing House
depositors in the savings department
the time clause in the
the decision of the directors to enforce
further danger of
savings department succeeded In averting
House is given
Clearing
panic. The statement istued by the
Milwaukee Clearing Houte
The aelring House Committee of the
collateral of
assets
the
all
Association have exauilned carefully
^f^
the examiof
and as a result
the First NatlOBal Bank of Milwaukee,
solvent
perfectly
Barkis
fathfled that the First National
nation are
and able to pay all Its depositors.
strengtn
on the „i.^^„„fv,
The Clearirg House also voted unanimously
to
committee
House
Clearing
of the report made by the
0.
of
$1,000,0(
amount
stand by the First National to the
were the outunderstood
Is
,
it
troubles,
Mr Bigfelow's
private fortune havgrowth cf wheat speculation. His own
had turned to the bank a
ing been swept away, it is:8tated, he
losses, the books of the
funds in the hope of recuperating his
avoid discovery. AccorCinstitution having been falsified to
Cashier H. G. Qoll and other
ing to the directors. Assistant
No trace of Assifct.
employees of the bank are also involved.
became
defalcation
the
ant Cashier Qoll has been found since
March
on
and
known. The batk has a capital of fl.50O,0C0
that
On
of |1,U2.328.
last showed eurplus and profits
half million dollars.
date Its deposits were over sixteen and a
to the K. H. Brodindebted
Mr. Bigelow, it appears, is also
the amount of
head estate, of which he was executor, to
has been filed by Mr
flOO COO. A petition in bankruptcy
placed at |3,277,O0O
Bigelow, in which his total liabilities are
the bai k
$1,849,000. It is stated that under
U
were afterwards found to ba unharmed.
vaults,
acteristic energy, the officials of the
With
char-
Van Norden Trust Com-
offices at 327 Grand
pany Immediately established temporary
dty after the fire. Tte
Street on Wednesday morning, the
and Arthur W.
branch is managed by Messrs. Max Markel
Reichow.
beautiful
Alfred H, Curtis was the recipient of a
at a conalbum
illuminated
silver lovirg-cup and handsome
in
associates
friends and
gratulate! y dinner given by his old
the
of his accession to
the New York Athletic Club, in honor
America of this
North
of
Bank
presidency of the National
—Mr.
among
well known citizens of New York were
New
the
of
President
the seventy -five persons present. The
presided,
York Athletic Club, Mr. John R. Van Wormer,
Many
city.
McCook, Thomas
and speeches were made by Col. John J.
Jennings S. Cox
Page,
Seaver
Sturgis, Bartow 3. Weeks, J.
the guest
paying
in
and George W. Carr, all of them uniting
of
Vice-President
Curtis was
of honor a personal tribute. Mr.
and
1882, 1883 and 1884,
the New York Athletic Club during
joined in 1872.
having
list,
is fifth on its membership
—The Century Bank, Broadway and 104th Street, will on
offices vacated
its headquarters in the banking
May
1
locate
Avenue and
by the Union Exchange Bank at Fifth
Broadway and 104th Street
20th Street. The old quarters at
Century
operated in the future as a branch of the
to-day
will be
18 the stockholders will consider a
to $200,000
proposition to increase its capital from $100,000
Chapman
George
and surplus from $50,000 to $100,000, Mr.
J. Croker, Cashier.
is President, and Mr. Edward
new Morgan—Officers and directors representative of the
At a
special meeting
May
Louis interests which have lately acquired
49 Wall Street, were
control of the Phoenix National Bank,
Finis Everett
President,
elected this week. The cfficials are:
of ComBank
National
Marshall, formerly Vice- President
August Belmont, Colonel
merce, St. Louis; Vice Presidents,
and bis tseetB at
M. Coffin; Cashier, Alfred
|300,000 cffsred Daniel S. Lament and Qcorge
ruptcy law this will make null and void the
the directors chosen
officers
Including the
the transfer M. Bull.
by Mr. Bigelow to the bank as restitution,
bank- art:
Henry K. Pomroy, President New York Stock
bung made vithin four months of the filirg of the
Judge E.
Exchange; Commodore Lewis Cass Ledyard,
rnptcy petition.
Board United States Steel Corporation;
Jersey Stock H Gary, Chairman
certificate of Incorporation of the New
Co Lyman G.
David Crawford Clark, of Clark, Dodge &
Excharge was filed at Trenton on Tuesday of this week.
—A
Belmont and
St.
;
Apr.
THE CHRONICLE.
29, 1905.]
Bloomingdale, of Bloomingdale Bros,; J. C. Van Blarcom,
Vice-President National Bank of Commerce, St. Louia, and
George C. Warner, lawyer. There are still two vacancies on
the board which will be filled at a later date. As a sequel
to the complete reorganization of the Phoenix National
Bank the selection of a Western banker to be its executive
has attracted considerable attention in New York banking
The new President, Mr. Marshall, who is a
circles.
his
in
father's
commenced
banking career
years of age as a bookkeeper
bank at Unionville, Mo.,
and
in
of
Missouri,
native
in
eighteen
1878 at
his
wao appointed a National Bank Examiner for Missouri, Kansas and oth=r Western States.
He became
Vice-President of the National Bank of Commerce, Kansas
1888
City, in 1892; later accepted the Cashiership of the Continen.
tal National Bank of St. Louis, and not long afterwards was
1703
undivided profits to the surplus fund, thus increasing the
from $250,000 to $300,000.
—Horace G. Young, President of the Albany Trust Company of Albany. N. Y., has been elected a director of the
First National Bank of that city. Mr. Young, it is underlatter
stood, represents the recently acquired interests of himself
and his friends in the Institution. In a statement published
"Albany Argus," Mr. Young is quoted as saying that
the gentlemen associated with him in the purchase of the
stock are John A. Dix, Martin H. Glynn and George C. Van
Tuyl Jr. He adds: "We have no special plans for the operation of the bank other than to conduct it for the best interests of the stockholders, and by co-operation with the Albany
Trust Company enable it to enjoy the same reciprocal relations which exist between that company and the National
in the
Exchange Bank."
During his administration the Continental
—Harry W. Cumner, who lately became Vice-President of
National Bank paid yearly dividends of from eight to ten
the Boylston National Bank of Boston, has been elected
per cent and Increased its deposits from ?8,000,COO to $15,000,President to succeed the late Charles Torrey.
When the Continental National united with the
000.
—A change in the cashiership of the Warren National
National Bank of Commerce, Mr. Marshall was elected Viceits
President.
President of the consolidated institution.
—To-day the Union Exchange Bank of this city moves into
more commodious banking rooms in the new Union Exchange Bink Building on the northwest corner of Fifth
Avenue and 21st Street. It was not long after organizing
(June 22 1903) that larger quarters were necessary to accom
modate the institution's business. At present its capital
stock is $500,000, surplus and undivided profits over
$538,C0D and net deposits $5,672,50[).
Mr. Henry 8, Herrman has been President since the bank started. His
associates are: Herbert H. Vreeland and David Wile, VicePresidents; William A. Davies, Cashier, and Charles M.
Close, Assistant Cashier. There are many large interests
represented on the board of directors.
Bank of Peabody, Mass., has occurred. An examination of
the books by National Bank Examiner Ewing is said to have
developed an apparent shortage of $3,300, which amount was
promptly made good by Cashier F. C. Merrill. The directors, however, would not allow him to continue in office,
appointing C. S. Batchelder Acting Cashier,
—A special meeting
of the stockholders of the
Maryland
National Bank of Baltimore, Md., has been called for May
25 for the purpose of acting on a proposed addition of $300,000 to the present capital of $200,000, In order to secure interests not now identified with the bank, the directors have
agreed to waive any subscription rights they, as stockholders, have to subscribe to the additional stock, and it is with
the understanding that the other stockholders will do likewise that such increase is recommended. It is reported that
the Continental Trust Company of Baltimore is behind the
scheme,
—The stockholders of the Fourteenth Street Bank will hold
a special meeting May 10th to vote upon increasing its capital stock from $100,000 to $500,000.
The controlling interests of this institution recently purchased the O-ansevoort
—The directors of the Capitol Savings & Trust Company
Bank, corner Fourteenth Street and Ninth Avenue, which of Columbus, Ohio, on the 18th inst. completed the organizawill be liquidated and its business continued by the Four- tion of the institution, electing Stephen Monypenny, W. W.
teenth Street Bank. The combined deposits will then exceed Miller and H. W. Stewart Vice-Presidents. State Auditor
$5,000,000. It is expected the united banks will be in a better W. D. Guilbert is the President and Alexander W. Mackenposition to handle a larger business than heretofore. Under zie the Secretary and Treasurer. The company will open
Mr. R. Ross Appleton's management, the Fourteenth Street about May 8 in temporary offices in the Harrison Building.
Bank has grown steadily, besides increasing its earning
—The Commercial Savings Bank of Toledo will erect a
power. For the past six months the bank's earnings, we are
new bank building at First and Main streets, East Toledo.
informed, were 31 per cent on its present capital.
The structure is to be three stories high and between $40,000
A little pamphlet of less than a doz9n pages has been and $50,000 will be expended in its construction,
issued by the Nassau Bank of this city. Within the limited
Trust Co. of Toledo, Ohio,
—The Toledo Savings Bank
space are given some salient facts connected with the history
has lately taken title to property at the corner of Summit
of the bank since the<" Tganizatlon in 1852. "Throughout its
and Jefferson sts. The institution will make the new locaeareer of fifty-three y«ars," it states, "the bank has been so
tion its headquarters when contemplated improvements in
well managed that it has never been compelled to ask for
the building now on the site have been completed. The
any outside assistance. On the contrary, by wise forethought
price paid for the property is said to have been $42,600.
and prudent dealing, it has been able in every panic to loan
—The building of the Marine Savings Bank Company of
large sums of money to the associated banks through the
New York Clearing House." The bank has had but four Coaneaut, Ohio, has been sold for $13,500. This bank and
it was closely
presidents. The first executive was Thomas L. McElrath, a the First National of Conneaut, with which
December.
allied,
suspended
last
partner of Horace Greeley. The present officers are Frank
—The plan for the consolidation of the American Trust &
H, Richardson, President; James C. Bell, Vice-President;
William H. Rogers, Cashier, and Edward Earl, Assistant Savings Bank and the Federal Trust & Savings Bank of ChiCashier. The capital stock paid in is $500,000 and the sarplus cago having been approved by the directors of the respective
institutions, the stockholders of the two banks will meet on
fund $850,000.
—
&
—The
stockholders of the Stuyvesant Bank of Brooklyn
approved on Monday the recommendation of the directors to
increase the capital from $200,000 to $300,000. They also
ratified the merger with the Union Bank, the stockholders
of the latter takicg similar action the same day. The con-
became effective on Wednesday under the name
Union Bank.
solidation
of the
—
A reception in celebration of the opening of the new
building of the Flatfcuah Trust Company of Brooklyn was
given on Tuesday last from four to six in the afternoon and
from eight to ten in the evening. The building (located at
Flatbush and Linden avenues) has also been open for inspection on the other evenings of the week since Tuesday
May
23 to ratify the action of their boards.
—To create the
nucleus of a permanent fund the Chicago
the American Institute of Bank Clerks gave
an amateur minstrel show on Wednesday and Thursday
evenings of this week at the Y. M. C. A, Hall in that city.
An elaborate book of 124 pages was issued in connection
with the affair, containing, besides a brief review of the Chapter, the program of the entertainment and photographs'of
the officers and those who participated in the entertainment.
This book (with a copy of which we have been favored) is
bound in undressed calf-skin, the pages being of buff color
Chapter
of
with rough edges.
—
W. J. Chalmers has been elected President of the Comfrom eight to ten,
mercial National Deposit Company of Chicago— the concern
The directors of the Union Trust Company of Albany at organized for the purpose of financing the erection of the
a meeting on the 20th inst, voted to transfer $50,000 from new building of the Commercial National Bank. The com-
—
THE CHRONICLE.
1704
[Vol. lxxx.
pany haa a capital of |3,000,000, which will be subscribed for
-The First National Bank of Houston, Texas, is now
at par. There will also be issued $1,500,000 4)^ per cent
ocated in its lately completed building. The bank occupies
(serial) sinking fund thirty-year bonds.
A certain amount the ground floor of the structure, which is nine stories high.
of the latter will be retirable each year after the first fiye Within the building is a vault of three stories.
There will bo no rights in connection with the sale
years.
—The telegraphic reports last week of the transfer of the
of the securities. While the stock will be sold to Commercial business of the Wells, Fargo
& Co. Bank of Salt Lake City,
National Bank stockholders if they desire it, it U intended
to offer some of the issue to other than stockholders. The
company will have a board of directors consisting of all the
directors of the Commercial National Bank and four outside
members. Ralph Van Vechten, Second Vice-President of
the Commercial National, has been chosen Secretary of the
Deposit company.
&
—The Colonial Trust Savings Bank of Chicago has secured
the services of Mr. J. H. McCoitney of the real estate and
loan firm of Madlung, Eldmann & McCortney, as manager of
bond and mortgage department. Mr, McCortney has
been long identified with the real estate and mortgage loan
its
interests of Chicago.
Through the
acquisition of
his busi-
ness and the extensive Eastern connections controlled by
him, the bank will have one of the largest loan departments in
the West. The firm of which he is at present a member will
be dissolved on June 15, but Mr. McCortney will assume his
new duties at the Colonial immediately.
Mutual Trust & Savings Bank Is the name of a
new financial institution which is shortly to open in Chicago
at Wabash Avenue and Madison Street. The capital is
$300,000, and the incorporators are Lawrence Hey worth, W.
C, Thome, James O. Heyworth, Gerald Pierce and F. H.
—The
First
Qansbergen. It is said to be the plan of the organizers to
divide the profits among the depositors after 6 per cent on
the capital and a guaranteed market rate of interest on
savings deposits have been paid. The same people have also
taken out a charter for the Depositors' Mutual Trust &
Savings Bank. This, it is reported, has only been done as a
matter of protection and for legal formality, and only one
bank will be organized and established.
Utah, to Walker Brothers, bankers, of Salt Lake, are cflaeconfirmed this week. The transfer took place on the
ially
With their increased capital and other facilities,
Walker Brothers will be better able than ever to attend to
2l3t Inst.
the needs of their customers.
—Theodore Reichert, John F. Schroth and W. L, Qrowall
have been chosen Vice-Presidents of the new Uaited States
National Bank of San Francisco, the President of which, as
reported in these columns last Saturday, is Byron Manzy,
R. B. Mardoch is Cashier and N. B. Phillips, Assistant
Cashier. The bank opened this week.
—
The directors of the Pasadena National Bank of Pasadena, Cal., have chosen Vice-President Henry Newby to
succeed the late Gilbert W. Pratt as President. J. H. Woodworth and Isaac Bailey have been elected Vice-Presidents,
— The
executive committee of the Washington State
Bankers' Association has decided to accept the invitation of
the Portland (Ore.) Clearing House Association to hold the
annual convention in Portland. The meeting will take place
on July 20, 21 and 22, and it is the expectation that it will
prove the most successful in point of interest and attendance of any gathering in the association's history. It is
stated that ample provisions are being made by the management of the Lewis & Clarke Exposition for the entertainment
of the expected visitors. N. H. Latimer, Manager of Dsxter
Horton & Co., Seattle, Is President of the WashlDgton
Bankers' Association, and P. C. Kauff man, Second VicePresident of the Fidelity Trust Company of Tacoma, is
Secretary,
»
—
It is announced that Daniel Miller will shortly retire as
Manager of the Toronto branch of the Merchants' Bank of
Another projected Chicago bank which is to open in
May is the Union Bank, organized with a capital of $300,000 Canada. Mr. Miller has been in the bank's employ for thirtyand surplus of $25,000. The institution will be under the seven years, and for sixteen years has had charge of the Tomanagement of Charles E. Sohlytern, President; Eos Hegs- ronto branch,
—The eighty-third eemi-annual meeting of the stockholdtrom and F. A. Lindstrand, Vice-Presidents, and Gustaf
Hall bom, Caehier. The bank will locate at the corner of ers of the Standard Bank of South Africa was recently held
La Salle and Randolph streets, and will cater especially to in London, Sir Charles Fremantle, who presided, was most
optimistic in his remarks in reviewing the financial, indusSwedish depositors.
—William DserlDg of Chicago is erecting in Minneapolis, trial, commercial and agricultural conditions in South Africa.
Minn., at the corner of Second Ave,, South, and Foarth St., While admitting that the past year had been marked by great
a magnificent ten-story business block. It Is to be known as depression, he stated that a number of favorable factors are
the Security Bank Bailding, as the main fliorwill be ten- now presenting themselves which justify the belief that the
anted by that prominent financial institution of the North- turning of the tide has set in. Among the incidents cited by
him tending to sustain this belief were the fact that South
west.
—The Milwaukee Trust Company of Milwaukee Iseued Africa has now obtained an ample supply of labor, that the
over- importation of goods has been absorbed, while the milithe following statement on Monday nfght last
The Milwaukee TruBt Company is In no manner Involved by the tary stores which glutted the markets after the war have
For the six months ending December 81
delaloatlon of F. G. Blgelow, nor will the financial trouble of the been disposed of.
First National Bai k In any way Involve the Milwaukee Trust Com- last the gross profits of the bank, including £58,933 brought
pany. F. G. Blgelow has been a director ot the company, but the
forward from the previous six months, were £474,712. The
board oX directors of the Trust Company have disoontinued him as
bank has a paid-in capital of £1,548,6S5 and a reserve fund of
such, and he has no connection with the company. The Trust Company is abundantly able and prepared to meet all the demands of all £1,997,050. The deposits now aggregate £19,479,027, As
depositors and creditors of whatsoever kind.
heretofore noted, a branch of the institution was lately
J. H. Van Dyke Jk,, President.
opened in this city at 40 Wall Street under the management
ROBifBT Camp, Vice-President.
of W. H. Macintyre.
—The German- American Bank of Minneapolis has taken
possession of its new two story building at the corner of Ply
mouth and Washington Avenues. The exterior of the struc- pt0ix;etarijl OJo
ciaXguQllsTxIJcxus
ture is of substantial material— the front of Georgia white
marble and the remaining walls of brick. The Interior is
[From GUI own eorrespoiident.]
well lighted and most attractive as to its appointments.
London, Saturday, April 15, 1905,
—
:
mmcr
—The annual
tion
win take
meeting of the Missouri Bankers' Associaplace at Kansas City on May 23 and 24.
—The
proposition to convert the Phcealx Bank of ColumTenn., Into a national institution will be submitteJ to
the stockholders on May 16. The change will not go into
effect before July 1,
bia,
—The stockholders
of the Canal Bank & Trust Compa ny
Orleans will meet on May 22 to vote on the proposition to increase the capital from $1,000,000 to $1,200,000.
The additional stock, as stated last week. Is to be issued on
account of proposed consolidation with the Provident Ban^
db Trnst Company.
of
New
Business has been very quiet again this week, mainly because every one Is waiting for the result of the naval battle,
which is expected to prove decisive. In London there is
great confidence that Japan will win, and for every reason it
Were the Russian fleet to be
Is desirable that she should.
puccessful, hostilities In the Pacific would be protracted;
there would be much interference with neutral trade, and
possibly grave questions respecting neutral rights might be
raised. On the other hand. If Japan is successful she will
have command of the sea for the remainder of the war, and
her moderation has been shown during the past fourteen
months.
Still,
although there
Is
great confidence in Japan,
.
Apr.
29, 1905.J
THE CHRONICLE.
everybody recognizes how full of surprises war is, and until
the outcome of the fight is known few are prepared to
engage in new risks. Besides, the Easter holidays are close
at hand and large numbers of people are leaving London.
The Stock Exchange fortnightly settlement this week,
though easily concluded, made it clear that there was a very
large account open for the rise in the American department,
and generally speaking there is a larger account than recently.
In Paris business has likewise been very quiet, almost all
attention being given to the] new^Central Mining & Investment Corporation, a company which is a reorganization and
enlargement of another company formed a couple of years
ago chiefly under the inflaence of Messrs. Werhner, Beit &
Co. The original company had a capital of £3,000,000. The
new company has a capital of £8,00 3, OCO. There has
been a remarkable rush for the shares in Paris. Messrs.
Werhner, Beit
Co. are to continue In management of the
new company, as they were in that of the old. But there are
to be three French directors, and there is to be an office in
Paris. To a large extent, therefore, it will be a French company, and It will have a very important place in the Witwatersrand. So much eagerness was displayed in subscribing for the shares that immense sums were borrowed at unusaally high rates of interest, and there was much selling of
other securities. It is said that the company has been subscribed for in Paris alone several timss over. There has been
But still the company has been
less eagerness in London.
subscribed for several times. Apart from the rush for this
new issue little has been doing in Paris, for everybody there
Even
is also waiting for the result of the great naval battle.
in Paris, though sympathy is still on the side of Russia, it is
felt that a Russian victory might probably protract the war,
whereas a Russian defeat will almost certainly lead to an
early peace. Furthermore, the unwillingness to engage in
new risks is augmented by the continuance of the discussion
by the German papers of the Moroccan question. It is unstood that Germany is about to send without delay an Embassy to negotiate with the Sultan of Morocco.
In Berlin, also, business has been quiet, although money is
exceedingly cheap. The new Imperial loan for 15 millions
sterling has been subscribed for fifteen times. And there is
also a good investment going on in industrial shares.
On Monday the Chancellor of the Exchequer introduced
his Budget. He estimates on the basis of existing taxes a
total revenue of a little over 144 millions sterling and an expenditure of somewhat over 141 millions sterliog, leaving an
estimated surplus of £2,973,000. Of this he devotes £1,550,000
to reduce the tea duty by ad. per lb. and he adds a million
sterling to the Sinking Fund. The budget has been fairly
well received in the City, but there is disappointm3nt that
more energetic action has not been taken both to redeem the
debt and to fund the fl Dating debt.
All the gold offering in tie open market continues to be
bought up on French account. Rates of interest and discount here are now bo low that the French banks do not care
to leave all the balances they have baen employing here so
long. Consequently they have not been renewing all the
bills as they fell due, and the result is that all the gold offering in the open market has been bought up for Paris. Moreover, the subsoriptions to the new Central Mining & Investment Corporation have led to considerable amounts being
remitted to Paris, which doubtless has added to the buying
of gold. And it is believed also that the Russian Govern;
1705
19(15.
13.
1908.
1904.
AprU
AprU
April 13.
1908.
AprU
15.
16.
2
28,6*2,005
10,402,156
41,421,839
16,445,308
Circulation
Pablio deposits
Other deposits
Governmect
securities
28,<(66.235
24,112,795
34.059.06J
29,060.993
8,807,769
39,874,239
14,524.291
27,807,388
2 1,838,712
38,7i4.707
+3J4
5-16
24 18-16d.
80^,233,000
91 7-l«
23 l-16d.
128,7(4,000
8,669.338
42,«3d,84S
19 8-^3,980
25 281,788
26,675. -206
other securities
27,fil3.4!8
Reserye of notes and coin
Coin & bullion, both departm'ts 37,7U7,441
im
63
Prop, reserve to liabilities, p. o,
percent.
Bank rate
Consols. 2J«i per cent
2^
Mu
SUver
26Md.
The
money have been
rates for
iHH
i-9
219,89l,i> u
Clearlngr-House returns
t April 14.
89,074,750
9,301,957
39,046,464
14,774,886
87,0S6.613
24.304.213
3&,6J3.962
60M
3
93 11-16
4
24^d.
209,251.00g
as follows:
;
&
ment
«
.A
Op$n M*rhet
K
London.
BmM
.:(
Inttrtit ailcwMt
Bates.
fordspotittit
IrmStSilU,
3iU$.
S!
a
"
7
s-iema
2M
2H®3 3-16
Months
6 Monties. a
2H®2»
aj^
2H®2M
2 1 16
Days
m
i«
m
i«
IH
I
a«
2
7-14
Mot. A£fOl. Bankt
2^
2 3-16
2 3-16
2 8-16
2 15-16®3
2 1-16
2^
14
•
i
2
24
31
Apr.
At
3toe)i
^Montht.
Mar". 17
••
Joint Oit'tS't.
1
IM
1
1
2«@2J^
2)<®2H
i«
1^
1
The Bank rate of discount and open market rates at the
ghief Continental cities have been as follows:
April
April 15.
April
8.
1.
Mar.
26.
Bnt$» 9f
Int$r$it At
Bank
09tn
Bank
Open
Bank
0»<n
Bat$. Marksi Batt, Marhti B»tt. Markt
?arli
8
'
aorlln..
8
QsmbnrR....
3
Frankfort....
8
«Liniterdain..
2^
Sraiieli
3
Vienna
SH
8
3
m
m
3
3
2M
3
8
8X
5»
aom.
St.Peteribnrg..
Madrid
4»
OoDenhaEOE
4
Messrs. Pixley
April 13, 1905:
254
2
aM
2
2^
8
SH
m
8
3
iH
8
3
8M
3
nom.
5M
nom.
8
i
4
&
1»
8
8
3
2M
2«
2^
2«
2 7-16
8
4
4
Optn
8
3
3
Bank
Batt. Marktt
2k
2M
8
nom.
8
4
4
Abell write as follows under date of
Gold— ParlB Is etllltbe buyer of gold, the demand being Increased by
the preparations for the flatatlon of a large Soath African company.
TowiiraB the end of the week the demand slackened on the rise In the
ohecqu8 rate, but the outlook Is for all arrivals to be taken for the
same quarter. JE385,000 has left the Bank for South America and
againet this £25,000 has been received. For the week— Arrivals:
Cape, «323,O0O; Australia. £9,000; West Africa, £5.000; Brazil,
£2,000—total, £339,000. Shipments: Bombay. £96,000; Colombo,
£1,000; Calcutta, £27..'i00— total. £121,600 For month of MarchArrivals Germany, £381,000; Belgium, £159,000; France, £139,000;
South Africa, £2,237,000; India, £180,000; South America, £151,000. Shipments France, £58,000; India, £341,000; South America,
£60?,000.
Silver— The silver market has been greatly strengthened by the news
of a demand for the United States for coinage. This has induced speculators for the fall to cover, and with China still in the market the
prlne has recovered iSjgd. to 26^d. for cash, closing steady. Forward
has improvecl to iied. under cash and Is the better market of the two,
as cash sliver is plentiful. India quotes Re. SfiHied-. but does not
send orders For the week— Arrivals New York, £178.000. Shipments: Bombay, £39,400; Calcutta, £ 3 °>, 000— total, £74,400. For
the month of March— Arrivals Russia, £27^.000; France, £11,000;
U. 8. A £922,000. Shipments: Russia, £478,000; France, £53,000;
India, £853,000.
Mexican Dollars—There Is no business in these and the quotation is
purely nominal.
:
:
:
:
,
The quotations
Gold.
London Standard.
for bnllion are reported as follows:
April
SlLVEK.
IS.
6.
London Standard.
13.
Bar silver, fine... oz
Do 2 mo. delivery
Bar sllver.contaln'g
3614
263ie
>.
Bar gold,
fine....oz,
77
d.
9
D. S. gold coin...oz, 76 4
Germ'ngoldcoln.oz. *76 4
French goldcoin.oz. *76 4
Japanese yen....oz. *76 4
*
April April
April
t.
d.
d.
77 9
76 4
*76 4
*76 4
*76 4
Nominal.
6
d.
5 grs. gold....oz. 28 3i
grs. gold....oz. 269ia
01.
grs. gold
oz 265i8
Cake silver
Mexican doUars.oz. *27
4
3
—
257i8
256i8
2516x6
i69i8
27ifl
27
of cereal produce into
the thirty-two weeks of the
season compared with previous seasons:
The following shows the imports
the United
Kingdom during
IHPOBT8.
1903-4
1902-3.
1904-5.
19012.
drawing upon its balances, both in London and in
Imp'ts of wheat, OWt.64,148. 500 54,246,321 60,151,404 39,567,600
Paris, and that the French banks in consequence have to Barley
15,854,000 23,116.068 19,279.037 17,112,600
9,055,601 10.852,900
8.309,600 10,133.198
buy up gold for Paris to meet this demand. It looks, there- Oats
1,479.819
1,212,371
Peas
1,427,641
1,336,000
fore, as if gold would continue to go to Paris for some time Beans
1.675,578
1,181.382
1,137,440
1.125,200
Indian
27,269.000 82,032,157 24 354,001 28.468,600
longer, and in the opinion of the best judges there will before Flour com
7,323,320 14,297,084 11,855.443 12,873,700
long be a rise in rates of interest and discount here. If there
Supplies available for consumption (exclusive of stock
is not gold will certainly be taken both by France and Egpyt,
on September 1):
1903-4.
1902-3.
1901-2.
1904-5.
and that would bring about a rise after a while.
Wheat imported, CWt. 64, 148.500 64,24«.321 50,151.404 39.567.600
The India Council offered for tender on Wednesday 50 lacs Imports of flour
7,323.320 14,297 084 11,855.443 12.873,700
of its drafts and the applications exceeded 315 lacs at prices Sales of home-grown. 11,174,836 12,635,722 16,358,569 18,260,088
82,646,655 81,179,127 78,365.416 70,701,388
ranging from Is. 3 31 32d. to Is. 4d. per rupee. Applicants
Total
276. lOd.
258. 4d.
278. 5d.
for bills at Is. 3 31-32d. per rupee and for transfers at la. 4d. Aver.prloewheat,week.308, 9d.
25s. 6d.
26b. lOd.
278. 2d.
Average price, season. SOs. 4d.
per lupee were allotted about 15 per cent of the amounts
The following shows the quantities of wheat, flour and
applied for.
maize afloat to the United Kingdom:
The following return shows the position of the Bank of
1903-4.
1902-8.
Thiiiceek. Last week.
is
England, the Bank rate of discount, the price of consols, &o,,
compared with the last three years:
Wheat
...,..,..qrs.
Flour, equal to qra.
Maize
qrs.
3,770,000
135.000
376,000
3,990.000
130,000
3,636,000
220,000
860,000
675,000
1,988,000
827,000
460,000
THE CHRONICLE.
1706
Enellab Financial Itlarket*— Per Cable.
daily closing quotatioas for securities, etc., at London
are reported by cable as follows for the week ending Apr. 28:
The
Silver,
London.
per ounoe
CoiiBOl8.,new,
I
Sat.
d.
2H P. ots.
For aooount
Fr'ohrentesdn Parlfl)f r. 99-30
Anaconda Mining
Atob. Top. & Santa Fe.
iifon.
Tues.
Wed.
267,9
9018,8
90i3ie
26518
901116
99-30
Thurs.
Pri.
363i6
263ia
90%
90%
90%
90Uie 90%
99-10 98-33% 9890
[Vol. lxxx.
7,646-The Garden City National Bank, Garden City, Kansas. Capital,
.*25,000. D. O. Holosmb, President; VV. O. Horr, Cashier; B.
F. Slmondfl. Assistant Cashier.
7,647—The First National Bank of Chisholm, Minnesota. Capital.
$25,000. A. M. Chisholm, President; J. F. Killorln, Vice-
L G. Sioard, Cashier.
National Bank of Loveland, Colorado. Capital,
$50,000. Gordon Jones. President;
Cashier.
7,649—The National Bank of Logan. Ohio. Capital, $'0,000. Charles
E. Bowen, President; aerbert R. Harrington, Vice-President;
President;
7,648-The
First
,
P.
Meade Bowen,
7,650—The
First National
Cashier.
of Hampden, North Dakota. Capital.
$26,000. J. Rosholt, President; H. Rostad, Vice-President;
105i«
105% 105%
Preferred
E. R. Swarthont, Cashier.
Baltimore & Ohio
110% 111% llCSg 108%
7,651—The First N«.tlonal Bank of Boswell, Indian Territory. Capital,
99ifl
99%
Preferred
99%
99%
$35,000. W. D. Wilklns, President: V. Bronaugh, Cashier;
Oanadlan PaoLfio
155% 157% J 55% 153%
J. E. MoCleary, Assistant Cashier.
67
53%
55%
Chesapeake & Ohio ....
56%
7,662—The First National Bank of Morgantown, Indiana. Capital,
23
22%
23%
Ohio. Great Western...
23%
$25,000. R. C. Grlffltt, President; Thos. Gibson, Vice Presi183% 181
Chic. Mil. & ttc. Paal...
181% 185
dent; J. E. Carter, Cashier; F. J. McOurdy. Assistant Cashier.
32
33%
Chic Rook I. & Pacific.
33%
33%
7,653—The Citizens' National Bana of Richmond, Kentucky. Capital,
35
35
34%
Den. & Rio 6r.,oom
35
$100,000. James Bennett, President; O. F. Bornam, Vice89%
Preferred
89%
89
89%
President; S. 8. Parkes, Cashier.
(^
43%
Erie, common
46%
45%
453a
7,654—The First National Bank of Lovelock, Nevada Capital, $25.<
79%
81%
let preferred
82%
82%
000. P. J. Enrlght, President; W. O Pitt, Vice-President; R.
Q
70
69
67%
2d preferred
70
G. Smith, Cashier.
PH
166% 162%
Illinois Central
166% 166
a
7,655—The First National Bank of Rochester, Indiana. Capital, $50,•4
liOolsvllle & Nashville.
158
159% 167% i52
o
000. Arthur P. Oopeland, President; H. D. Copeland, Vice22
Mexican Central
23%
23%
23%
n
President; Omar B. Smith, Cashier.
30
81%
Mo. Kan. & lex., com..
31%
31%
t^
7,656—The First National Bank of Seneca, Missouri. Capital, $25,000.
65
68
67
Preferred
a
66%
o
Albert D. Bennett, President; John E. Shepherd, VioePresi38
Kat.RS.of Mex.,lBtpf.
38%
38%
38
n
H
dent; M. 8. Hardesty, Cashier.
152
157
156%
H. Y. Cent. <te Hudson..
155%
02
7,657—The Farmers' National Bank of Lone Oak, Texas. Capital,
55%
W. Y. Ontario & West-.
57%
58%
58%
$30,000. Y. O. MoAdams, President; D. B. Corley, Vice81%
Korfolk & Western
87
86%
88%
President; G. F. Floyd, Cashier; T. T. Harrison, Assistant
95%
Preferred
95%
96%
96%
Cashier.
Northern Seonrities
161
163% 167% 162
7,658—The Farmers' & Merchants' National Bank of Han ford, Cali71%
Pennsylvania
73
72%
72%
fornia. Capital, SIOO.OOO. C. M. Cross, President; J. H. Dop47-^8
Phlla.
Reading*....
48%
48%
49%
klns, Vice-President; Judd Smith, Cashier; R. J. Downing
47%
lat preferred*
47%
47%
47%
and C. E. Chastlne, Assistant Cashiers.
47
2d preferred*
47
47
47
7,659—The Hallwood National Bank, Hallwood, Virginia. Capital,
6538
63%
Bonthem Pacific
6e08
65%
$25,000.
8. Wilhlns Matthews, President; J. W. Broughton,
33
Bouthem Rallw., com.
34%
34%
34%
Vice-President; J. T. Lewis, Cashier
Preferred
99
99%
99
99%
7,660—The First National Bank of Triumph. Illinois. Capital, $26,Union Pacific
128% 131% I29B8 126%
000. E. L. Watts, President; E. N. Cook, Cashier.
101%
Preferred
101% 101% 101
7,661—The First National Bank of Mc. Healthy, Ohio. Capital, $25,36'8
35'8
35%
U. 8. Steel Corp., com.
37%
OCO. Owen N Kinney, President; Joseph Weber, Vice-PresiPreferred
104% 10558 104% 103%
dent; Alexis Brown, Cashier.
-22%
22
Wabash
22%
22%
7,662—The First National Bank of Parkston, South Dakota. Capital,
Preferred
48
45%
46%
46%
$25,000. Christian Rempfer, President; John Doerlng, ViceDebenture "B". .
79
81
81
80
President; J. 8. Mueller, Cashier.
7,663— The Dakota National Bank of Dickinson. North Dakota.
* Price per share.
Capital. $^0,000. W. L. Richards, President; W. G. Whlnn,
Vice-President; F. D. Hevener. Cashier; J. L. Hughes,
Assistant Cashier. Conversion of the Dakata State Bank.
7,664—The National Bank of Flint, Michigan. Caoltal, $100,000.
John J Carton. President; 8. C. Randall. First Vice-President; William R. Hubbard, Second Vice President; Brace J.
Macdonald, Cashier.
National Banks.— The following information regarding 7,665—The
First National Bank of JelUco. Tennessee. Capital, $26,000. J. P. Mahan, President; J. B. DouKlass, Vice President;
national banks is from the Treasury Department.
A. B. Mahan, Cashier. Conversion of the State Bank
Trust
Company of Jelllco.
NATIONAL BANKS OBOANIZBD.
National
Bank
of
Atoka,
Indian
Citizens'
Territory.
The
Capi7,666—
Certificatea Issued February S8th, 1905, to April 22d, 1905,
W. W. AUen, President; E. A. Newman, First
tal, $40,000.
Vice President; Louis Rosinsky, Cashier.
7,625— The First National Bank of Woodstock, Minnesota. Capital,
$25,000. E. W. Davles, President; James Jackson, Vice
7,667—The Antlers National Bank, Antlers, Indian Territory. CapiPresident aid Cashier.
tal, $25,000. A. A Lesueur, President; W. P. Cochran, VicePresident; Ootavia Lesaeur, Cashier. Conversion of the
7,626—The First National Bank of Newbnrg, West Virginia. CapiAntlers Bank & Trust Company.
tal, $25,u00. J. R. Smoot, President; D. J. Gibson, VloePresldent; Emory H. 8mlih, Cashier. Conversion of The 7,668— The City National Bank of Corpus Chrlstl, Texas. Capital,
Exchange Bank of Newburg.
$50,000. Clark Pease, President; Alfred D. Evans, Cashier.
7,627—The First National Bank of Percy, Illinois. Capital. $25,000. 7,669— The First National Bank of Benjamin, Texa?. Capital, $25,000.
Edward R. Hinoke, President; Ernest J. Kranse, Vice-PresiP. Branham, President; G. B. Stewart, Vice President; A.
dent; Roy Alden, Cashier.
H. Bams, Cashier.
7,628—The City National Bank of Wagoner, Indian Territory. Capi- 7,670— The Citizens' National Bank of Wooster, Ohio. Capital, $100.Walter D. Foss, President; Charles M. Gray and O. R.
tal, ^'^O.OOO.
(jOO.
William B. Kane, President; Amos F. ParkinMbyers, Vice-Presidents; E. W. Thompson, Cashier.
son. Vice-President; George H. Ruddy Jr., Cashier; George
D. Story. Assistant Ca?hler.
7,671—The First National Bank of Westerville. Ohio. Capital, $25,000.
7,639—The First National Bank of Oeark, Alabama. Capital, $25,000.
J W. Markley. President; J. W. Everel, Vice-President; I.
Shafler, Cashier.
Q. P. Dowllng, President; J. D. Holman, Vioe-Presldeat; D.
G. Mann, Cashier.
7,672—The First National Bank of PlnevlUe, West Virginia. Capital.
7,830—The Fort Edward National Bank, Port Edward. New York.
$^6,000. W. H. H. Cook, President; O. O. Cooper, Vice-President; H. L Taylor. Cashier.
Capital, $75,000. Joseph E. Ktng, President; AUred E. De
Forest, Vice President; Aeahel R Wing Cashier.
7,673 -The First National Bank of West Frankfort>Illlnol8. Capital,
$25,000. W. H. Uart, President; Walter W. Williams and J.
7,631—The First National Bank of Buckeye City, Ohio. Capital,
M. Willmore, Vice-Presidents; G. D. Dlmmlok, OiShier; R. P.
$25,000. E. B. Rice, President; L. F. Colopy, Vice-President;
Blake, Assistant Cashier.
H. G. Hammond, Cashier.
Planters' National Bank of Mt. Vernon,
7,632—The United States National Bank of Los Angeles, California. 7,674—The Merchanth'
Texas. Capital, $;^0,000. J. H. Holbrook, President; T. H.
Capital, $200,000.
I. W. Hellman
Jr., Presl-jent; O. M.
Leeves, First Vice-President; B O. 8hurtl»'ff, Second ViceSonden, Vice-President; E. J. Vawter Jr., Cashier.
President; A. G. Talbott, Cashier; G. A. Reaves, Assistant
7,638—The First National Bank of Konawa, Indian Territory. CapiCashier.
tal, $25,000.
W. H. Holman, President; W. R. Mershon,
7^g75_The Jewelers' National Bank of North Attleborough, MassaCashier.
ohusttts. Capital, $100,000. A. H. Wlggln, President; F. E.
7,634 -The First National Bank of Malvern, Arkansas. Capital, $25,Sarsreant, Vice President and Cashier.
OCO. H. A. Butler, President; E. H. Vance Jr., Vice-President; H. L. McDonald. Cashier.
Conversion of the Hot 7,676—The Hoaghton National Bank, Hoagbton, Michigan. Capital.
$160,000. Jas. H. Seager, President; J. H. Rice, Vice-PresiSpring Oonnty Bank of Maivern.
dent; W. B. McLaughlin, Cashier; A. N. Baadln, Assistant
7,635—The Snyder National Bank. Snyder, Texap. Capital, $50,000.
Cashier.
W. A. Faller, President; E. W. Clark. Vice President; F. J.
Grayum, Cashier; P. P. Martin, Aisistant Cashier.
7,677— The Okemah National Bank, Okemah, Inllan Territory.
Capital, $25,000. F. T. Miller, President; George Oaeng,
7,686—The National Bank of Jelllco, Tennessee. Capital, $25,000.
Vice President; A. J. Martin, Cashier
Richard B. Baird, President; O. O. Balrd, Cashier.
7,637—The First National Bunk of Fowler, Colorado. Capital, $2 5,- 7,678— The National Bank of Boxbury. New York. Capital. $25,000.
F M. Andrus, President; Arthur F. Bouton, Vice-President;
000.
F. M. Welland, President; J. F. Hall, Vice President;
Thos. J. Weyl, Cashier.
L. Butler, Cashier.
7,638—The New Knox National Bank of Mt. Vernon, Ohio. Capital, 7 679_Xhe First National Bank of Whitney Point, New York. Oapi
A. H. Youmans, President; F. C. Branday,
tal, $25,000.
8100,000. J. 8. Ringwall, President; Desault B. Kirk, VlceVice-President; H. J. Walter, Cashier.
Preeldent; A. C. OolllnH, Cashier.
7,639— The First National Bank of Baltimore, Ohio. Capital, $25,000. 7 680— The First National Bank of Forrest, Illinois. Capital, $25,000.
A. Bansberger, President; I. N. Games, Vice-President; O. M.
T. 8. O. McDowell, President; W. H. Ople, Vice-President;
Wagner, Cashier.
J V. McDowell, Cashier.
7,640—The Cltlrens' National Bank of Stamford, Texas. Capital, 7 681— The Union National Bank of Clarksburg, West Virginia.
W. Brent Maxwell, President; John
Capital. $300,000.
$30,000, W. H. Eddleman, President; C, M. Pattlllo, ViceKoblegard, Ha^hJarvls and P.M. Robinson, Vice-Presidents;
President; J. S. Morrow, Cashier; M. E. Manning, Assistant
Cashier.
S. H. White, Cashier.
7,641— The Fariuere' National Bank of Blue Earth, Minnesota. Capi- 7 682— The First National Bank of Clarence. Iowa. Capital, $iiO,000.
tal, $50,000.
W. D. G. Cottrell, President; M.B.Cuttrell, Cashier; A. Grant,
George D. McArthur. Presllent; Anthony
Assistant Cashier.
Anderson, Vice-President; Frank H. Davis, Cashier.
7,642— The First National Bank of Oakmont, Pennsylvania. Capital, 7,683— The First National Bank of Qlasoo, Kansas. Capital. $40,000.
L. Noel, President; Thos. Butler, Vioe-Pr (sMeut; G H. Ber$50,000. Chae. Bailey, President; L. M. Mome, Vice President; C. C- Lee, Cashier.
nard, Cashier. Conversion of The Glasc State Bank.
7,643- The First National Bank of Manchester, Mlssonrl. Canital, 7,684— The First National Bank of Golden City, M's^ourl. Caoltal,
$25,000. D. E. Ketch am. President; R. B. Price, Vice-Presi$25,000. John Straszer, President; Aug. Melsoh, Vice-President; E. J. Archlnard, Cashier.
dent; D. E. Pence, (^asliier.
7,644 -The First National Bank of Harlem, Montana. Capital. $25,000
7,685—The First National Bank of Layton, Utah. Capital. $25,000.
Thos. M. Everett. President; W. E. French. Vice-President;
James PIngree, PreMldent; E P. EilUon and R Adams. VloeChas. £. Owens, Ca><hler.
Presldents; Jas. E. Ellison, Cashier; L. E Ellison, Assistant
7,645— The First National Bank of Savoy, Texas. Capital, $2.5.000.
n. H. Arterberry, P/esldeni; S. D. Simpson, First Vice
7,636— The Flrnt National Bank of South Shore. Siath Dakota. CapiPresident; E. T. Cook. Cashier; R. H. Cook, Assistant Uuehler.
Chas. Anderson, President; Peter Phllp 8r..
tal, $25,000.
6
89
6%
90k
6
88%
5'8
87 ''a
105
Bank
A
^ontnxzxcml kuA ^xsctllmitons'^txciB
&
H
&
>
Apr,
THE CHRONICLE.
29. 1905.]
J. Swoet, Cashier. Conversion of the First
State Bank of South Shore.
7,687— First National Bank of Evergreen, Alabama. Capital, $25,000.
A. R. Jones, President; W. Lawrence Wild, Vloe-Presldent; O.
E Baker, Cashier.
7 6gg_The Peoples' National Bank of SteubenTlUe, Ohio. Capital,
$100,000. W. F. Davldpon, President; E. E. Prancy, Vice
President; L. L. Crimes, Cashier.
7,€89 -The Union National Bank of Mlnot, North Dakota. Capital,
$50,oOO. F. H. Wellcome, President; M. Jacobsoji. Floe
President; G. J. Albrecht, Second Vice- President; Emory
Olmstead, Cashier.
7,690— The First National Bank of Ocean Park. California Capital,
$2ft,ooo. E. J. Vawter, Preeldent; J. M, Elliott, Vice-President; Thomas M. Meldrnm. Cashier.
7,691—The United States National Bank of San Franclaoo, California.
Capital, $200,000. Bryon Manzy, President; R. B. Murdoch,
vice PresidcDt; R.
7,692—The First National Bank of Sullivan, Illinois. Capital, $50.000. Charles Sbuman, President; L. B. Soroggln, Vice President; Irving Shuman, Cashier; 8. T. Bolln, Assistant Cashier.
7,693— The First National Bank of Portland. North Dakota. Capital,
•25,000. G. A. White. President; K. A. Wadel, Vice-President; P. M. Paulson, Cashier.
7,694—The Atlanta National Bank, Atlanta. Texan. Capital, $30,000;
L. F. Alday, President; T. H. Leeves, First Vice President.
B. H. Slngletary, Second Vice-President; R L. Witt, Ca-hier.
7,695— The German-Amerloan National Bank of Wahpeton, North
Dakota. Capital, $^0,000. E. R. Gamble. President; Eagene
Schuler, Vioe-Prfsldent; J. P. Reeaer, Cashier.
7,696— The First National Bank of Coalville, Utah Capital, $25,000.
James Plngree, President; Alfred Blonqalst, Vice-President;
Adam Patterson, Vice-President; Frank Plngree, Cashier.
7,697— The Union National Bank of Puroell, Indian Tj^rritorv. Capital,
$25,000. W. H. P. Trudgeon, President; R. E. Leavltt,
Cashier.
Oitlzens National Bank of Durham, North Carolina. Capital, $100,000.
B. N. Duke, President; J. S Manning, ViceSucceeds Marblehead
President; J. B. Mason, Cashier.
7,698—The
Banking Company of Durham.
7,«99-The National Bank of Glens Palls, New York. Capital, $100,000.
8. Brown, President; Geo. R. Finch. Vice-President; Wtn. A.
Walt, Cashier. Succeeds Glens Falls National Bank, the
corporate exlfstence of which will expire by limitation May 27.
7,700—The First National Bank of San Saba, Texas. Capital, $35,000.
W. K. Rav, President; J. D. Estep, Vice President; J. H.
Whirls, Cashier.
7,701 -The First National Bank of Medford, Oregon. Capital, $2?> ,000.
Wm. 8, Crowell, President; F. K. Deuel, Vice-President; M.
L. Alford. Cashier.
7,702—The First National Bank of Hallstead, Pennsylvania. Capital,
825,000. J. B. Jones, President; A. F. Merrell, Vice President;
W. H. Windns, Cashier.
7,703-The First National Bank
of Freeport,
New
York.
Capital,
K. Eldrldge, Vloe-
$25,000. Boswell Davis, President; John
Presldent; O. Milton Foreman, Cashier.
7,704—The First National Bank of Holly, Colorado. Capital. $25,000.
W. O. Gould, President; B. B. Brown, Vice President; J. 8.
MoMurtry, Cashier; J. B. Harden, Assistant Cashier. Succeeds Bank of Holly.
7,705— The American National Bank of Monrovia, California. Capital,
$25,000. Walter 8. Newhail. President; C. O Monroe. VicePresident; F. N. Hawes, Cashier; K. E. Lawrence, Assistant
Cashier. Succeeds Granite Banking its Trust Company.
EXPIKATIOK OF CHABTEB.
1,256—The First National Bank of Coruuna, Michigan; to be succeeded by a private bank.
3,328—The Knox National Bank of Mount Vernon, Ohio, suooieded
by The New Knox National Bank of Mt. Vernon, No. 7.638.
1,309—The Farmers' National Bank of Richmond, Kentucky, succeeded by The Citizens' National Bank of Richmond, No.
7,653.
National Bank of Trov, New York; succeeded by
The National City Bank of Troy, No. 7,612.
3,330-The First National Bank of Fort Edward, New York; suooeeded by The Fort Edward National Bank. No. 7,630.
1,056— The First National Bank of Chicopee, Massachusetts.
1,012—The Central Nation 1 Bank of Troy, New York; succeeded by
The National City Bank of Troy, No. 7,6 12.
3,334—The National Bank of Hoaehton, Michigan; succeeded by The
Houghton National Bank, No. 7,676
1,158— The National Landholders Bank of Kingston, Rhode Island.
3,361-The First National Bank of Flint, Michigan; succeeded by The
992—The Mutual
National
Bank of
Flint, No. 7,661.
IN LIQUIDATIOK.
6,245—The San Angustlne National Bank, San Augustine, Texas, has
gone into voluntary liquidation by resolu'lon of its stockholders dated February 10, 1905, to take effect on that date;
to consolidate with The First Natlonft! Bank of San Augusrlne.
7,117—Tha First National Bank of Falrvlew, Oklahoma, has gone into
voluntary liquidation by resolution of Its stockholders. dar«d
February 27, 1905, to take effect on that date; to reorganize
as a Btate bank.
5,245— The Perry County National Bank
of Newport, Pennsylvania,
has gone into voluntary liquidation by resolution of its stock
holders, dated February 23. to take effect March 1, 1905: to
consolidate with The First National Bank ot Newport
6,029—The Merchants' & Manufacturers' National Bank of Columbus,
Ohio, has gone Into voluntary liquidation by resolution of Its
stockholders dated February 28. to take effect March 11,
1906; to reorganlza as The Union National Bank of Columbus.
4,689— The Farmers & Merchants' National Bank of Huntsvilie, Alabama, has gone into voluntary liquidation by resolution of
its stockholders dated March 16, lyo.'i, to take effect on that
date; to be absorbed by the Huntsvilie Savings Bank & Trui^t
Company.
7,237—The First National Bank of Somerset, Ohio, has gone Into
voluntary llqaldatlon by reaolntion of its stockholders dated
March 7, to take efiect March 14, 1905; to consolidate with
The Somerset Bank.
1,025—The Rjoklngham National Bank of Portsmouth, New Hampshire, has gone into voluntary liquidation by rwsolutlon of Ira
stockholders dated March 18, to take effect March si, 1905.
3,865-The North Attleborough National Bank, North Attleborough,
Massachusetts, has rone into voluntary liquidation by resolution of Its stockholders dated February 27, to take effect
April 1, 1905; succeeded by the Jewelers' National Bank of
North Attleborough, No. 7,675.
7,401— The City National Bank of Sioux City, Iowa, has pone into
voluntary liquidation by resolution of its stockholders dat»-d
March 15, to take effect April 1,1905; to consolidate with
The First National B^nk of Sioux City, No. 1,757.
1,228—The Cambridgeport National Bank of Cambridge. Massachusetts, has gone into voluntary liquidation by renolutloa of
its stockholders dated March 30. i905, to take efl^ot on that
•jate; to be saooeeded by the Central Trust Company.
2,976-The Sprague National Bank of New York, New York has gone
into vnlnntary liquidation by resolution of Its stockholders
dated March 9, to take eheot April 3, 1905; to be absorbed
by the Mechanics' Bank of Brooklyn.
1707
6,472— The Citizens National Bank
of Sagar City, Colorado, has gone
into voluntary liquidation by resolution of its stockholders
dated March 31, 1905, to take effect on that date; to continue
business as a private bank.
4,669—The Traders' National Bank of Clarksburg. West Virginia, has
gone into voluntary liquidation by resoiuMon of its stockholders dated March 21, to take effect April 10, 1905; succeeded by The Union National Bank of Clarksburg, No. 7,681.
6,277—The Gorz ales National Bank, Gonzales, Texas has gone into
voluntary liquldstion by resolution of its stockholders dated
April 6, to take effect April 15, 1905.
APPU0ATION8TO CONVERT INTO NATIONAL BANKS APPBOVBD.
The Laclede County Bank, Lebanon. Missouri. Into The Laclede
County National Bank of Lebanon." Capital, $25,000 Blanks sent
to W. I. Wallace, Lebanon, Missouri.
The Adrian State Bank, Adrian, Minnesota, Into "The First National
Bank
of Adrian."
Capital, fJO.OOo.
The Beattyvllle Bank, Beattyvule, Kentucky, into The National
Blanks sent to John J.
Bank of Beattyvllle. Capital, $25,000
McHenry, 305 Illinois Life Building. LonlsvlHe. Kentucky,
The Bank of Ridgely, Maryland, into The Ridtjely Na'lonal Bank.
Capital. SZ5,O0O. Blanks sent to Harvey L. Cooper, attorney at law.
Law
Building. Denton, Maryland.
Citizens' «tate Bank of Princeton into The First National Bank
of Princeton, Minnesota. Capital, $30,000.
The West Coast Bank of St. Petersburg, Florida, into "The Flrat
National Bank of St. Petersburg." CaplLal, $^5,000.
The Exchange State Bank of Stookton, Kansas, Into "The National
B<ink of Stockton." Capital, $30,OUO (or more).
The Sawyer (bounty Srate Baijk of Hay ward, Wisconsin, into "The
First National Bank of Hayward." Capital. $25,000
The Security Bank of Luverne, Minnesota, into The Farmers National Bank of Luverne. Capital, $z5,0b0.
The
CHANOB OF TITLB.
1,053 -The First National Bank of Susquehanna Depot, Pennsylvania,
to The First National Bank of Sui-quehanna.
1,005—The Monument National Bank of Cbarle«>town. Boston, Massachusetts, to "The Monument National Bank of Boston."
5,105—The Nevada National Bank of San Francisco, California, to
Wells Fargo Nevada National Bank of San Francisco.
0ITIBBN0S.
Name
Per
WKen
Cent Payable
•/ Cornpany.
Kallroada (Steam).
Atlantic Coast Lino RB.. pret
Georgia Soathern & Fla., 1st pref
do
do
do 2d pref
Grand Trunk, guar
do
do
pref.
and 2d pret
1st
Great Northern (quar.)
Norfolk & Western, com
Borne Watertown A Ogden., gaar.(qa.)
Street Railways.
Coney Island & Brooklyn (quar.)
Dartm'tU & We8tp.,N. Bed.,Ma88.(qn.)
Montreal Street Ry. (quar.)
Union St. By., N. Bedt., Mass. (quar.)
2Ju
2
2
5
2
2>a
May
Apr
May
2
May
5
May
May
May
May
May
May
May
S
5
4
10
3
miscellaneona.
May
1^ May
3
3
American Chicle, com. (monthly)
American District Telegraph
American Glue, com
Anaconda Copper Mining (No. 19)
f<
May 10
May 4
May 4
to
to
to
Apr 28
1»4
3
4
Greenwich (No. 100)
'.Inoi'ln Vauonal (quar.)
Nassau (No. 104)
Trust Companies.
Farmers' Loan & Trust (quar.)
Kings County, Brooklyn (quar.)
May 10 May 1
May 6 Apr 29
May
Apr 29
Apr 28
iv, J'ne
Banks.
Astor National (quar.)
Bowery (quar )
City, National
Fourteenth Street
Sooki OloaedU
(JDayt Inclruive.)
May
May
15 Apr 30
to
May 15
16 Holders of reo .May 31
16 Apr 30
to
1 Apr 2ij
to
May 1
l^ Holders of rec .Apr 13
1 Holdwra of rec Apr 14
1 Holders of reo . Apr 13
.
1
1
Apr 28
Apr 2^
1
Apr 30
Apr 30
to
to
J
Apr ¥6""to"" 'Apr 30
1
Holders of reo. Apr 29*
to
May 1
27
1
1
1
1
Apr
Apr 23
Apr 25
May 1
Apr 30
to
to
to
May 21
May 20 May 16
to
May 16
May 16 May 8
1 Holders of reo Apr 25
$2 May
to
May 17
760. May 18 Apr 27
to
May 9
May 10 Apr 30
2
May 16 Holders of ree. Apr 30*
1
1'4 May
May 6
to
May 16
1^4 May 24 May 4
May 23
to
l-^ May
to
May 1
1 Apr 21
to
May 14
May 16 May 3
3
1'4 May 31 May 9
to
May SI
1
1
.
Casein Co., pret. (quar.) (No. 20)
Montreal lAght, Heat •& Power (quar.)
National Carbon, pref. (quar.)
Pressed Steel Car, pref. (qu.) (No. 25)
Syracuse Lighting, pref. (quar.)
United Copper, pret. (No. 6)
U. 8. St eel Corp.. pret. (guar ) (No 16)
l.'^
•Transfer books not closed.
firm of Walsh, Steele & Co., bankers and brokers, of
N. Y., will be dissolved on M-iy 1. John T. Steele,
One of the membara of the old firm, will continue in the iavestment business at 331 Fidelity Trust Company Buiidlng,
—The
BufiEalo,
Buffalo.
— Theron Logan, senior partner of the brokerage firm of
Logan & Bryan on the Chicago Board of Trade, will retire
trom active business on May 1. The company will continue
uoder the same name.
—Messrs. Child, Bates & Co. of Cleveland and New York
have opened an office in The Rookery, Chicago, to deal in
railroad, traction and municipal bonds and other high-grade
securities.
—Stacy
F
S.
C.
M' seley
Richmond becomes a member
& Co.
on
May
of the firm of
1.
—
Auction Sales. Among other securities the following not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller
78
Slocks.
Lawyers' Title
Son:
Slock$
30 Crocker Wbeeler Elect.
Insur-
32519-328%
ance Co
302 Oerman-A.mer. Real Est.
Tine Guar. Oo
?5 lot
10 The AUk'UstaFact'ry.Oa. 75
iSTij Jekyll«l'nd Realty Co. 10
1 Cerr. N. Y Prod. Exch.«106
57714
10 Trust o. of America
6 Clny Tru'^t Co
376
7 Lawyers' Title Insur'nce
'
& Trust Co
&
327>«
20 Woodlawn Cemetery... ISOij
50 Interna: Banking Corp. 160
42 Corn Exchange Bank... 391
100J«
Co
5 Standard Oil Oo
10 "'omraon wealth Tr. Oo
40 Wextohei*.
&
627
100
& Bronx Title
MortifaKH Ouar. Co.. 170
10 We^tohe^ter Tru^t Co...l80i«
15 Lawyer-' Title Insur'nce
<fe
V'W^'
'o.
(Int cert.). 325
121 The LifM Association of
America
Bnri'is
$1,500 Clry of Huron. 80 D.,
extei,dea 5s, 1922, J&J
100
51
2
5
..
THE CHRONICLE.
1708
—
New York City Clearing House Banks. Statement of
Bondition for the week ending April 22, 1905, based on average of daily results.
'
We omit
two otphers (00) in all
New York
City, Boston and Philiidelphia Banks.— Below
of the weekly returns of the Clearing House
Ban ks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
a
summary
eases.
We omit two
Capital
BANKS.
Capital.
Surplus.
XOOJW.
Legals.
Specif.
[Vol. lxxx.
Deposits Re.
t
OOa omitted.
BAXK6 Surplus.(t
Loans.
ciphers (00) in all these figures.
Legals.
Specif.
De.
Circu-
posits.\
lation.
N. Y.
Bk. of
N
Y.
Manliat. Co.
.
Merchants'
Mechanics'.
America
Phoenix
...
City
Chemical ..
Merch. Ex .
&allatm
But. & Drov
Mech.&Tra.
Greenwich
Amer.Exch.
Oommerce..
Mercantile.
I'aclflc
Chatham
reople's
...
...
America
Ji.
ffanover
...
Jtxving
Citizens'
..
Nassau
....
Mar.ife Fnlt.
Bhoe&Lthr.
CornExch
Oriental
.
...
Imp. <fe Trad
Park
Kaat River
I'ourth
Second
First
N.Y.Nt.Ex.
Bowery
...
...
N. Y. Co
tferman Am
Chase
Fifth Ave..
German Ex.
Germania
..
Lincoln
Garfield
Fifth
Bk. ofMet..
West
Side..
Beaboard ..
IstN.Bklyn
Liberty
N.Y.Pr.Ex
Kew
Amst.
A.8tor
Total
...
$
2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
800,0
1,000,0
1,000,0
500,0
350,0
$
$
$
$
2,580,8 18,344,0
2,491,7 29,143,0
1.404,9 13,263,4
3,329,6 21,517,0
3,563,0 23,457,5
265,8
3,318,0
18,013,1 186,198,6
7,710.2 24,984,3
6,146,1
352,7
9,234,8
2,246,2
2,275.4
130,1
4,889.0
357,6
3.924,3
547,4
4,431,0 27,614,5
11,935,4 149,615,4
4,424,1 22.929,4
8,442,1
618,7
5,964,6
1,067,5
2,093.9
422,5
2,010,4 15,759,0
6,841,1 61,003,7
1,064,2
7,359,0
606,2 17,223,8
317,3
3,548.5
6,981,5
1,338,7
8,588,2
400,9
3,270,0 28.971,0
8,416,2
1.077,3
6,619,2 23,713,0
7,230,1 73,065.0
1.161,2
108,7
2,967,0 20,136.8
1,502,4 10,286,0
14,992,V 105,800,5
8,439,8
886, S
768,3
3,178,0
4,812,9
715,6
532,2
4,085,7
4,224,7 46,029,1
1,784,7 10,181.8
2,765,5
705,6
873,0
2.470,6
1,391,3 13,610,0
7,914,8
1,270,4
408,2
2,664,3
1,485,6 10,257,7
646.4
3,982,0
1,446,8 15,000,0
624,6
4,306,0
2,003,6 11,094.9
6.338,5
497,6
6.278,9
574,5
4.674,0
582,6
P.O.
24-9
28-1
26-4
30-3
24-2
26-7
27 '1
27-6
29-0
26-1
$
2.546,0 1,730,0 17,159,0
7,878,0 2,165,0 35.698,0
2,771,8 1,587,0 16,493,0
4,646,0 2,651,0 23,722,0
3,885,2 2,263,6 26,386,9
195,0
2,767,0
543,0
42,352,3 8,475,9 187,189,0
4.762,3 1,893,8 24.085,0
7.110,4
680,3
1,4S8,5
637,4
7,415,9
1,406,5
2,618,6 228
86,5
512,7
5,693,0 25-0
615,0
811,0
4.001,1 24-2
424,3
545,4
3,907,5 1,540,8 20,761,9 26-2
20,660.5 14.310,3 135.971.2 25-V
4,077,0 1,188,0 20,036,4 26-2
4,067,3 19-6
439,1
355,5
970,6
6,167,8 290
819,6
309,0
2,684,8 .'9-9
494,4
1,511,0 2,127,0 14,449,4 261
26-1
60,991,3
10,445,1 4,883,5
6,937,0 24-1
438,4
1,234,6
4,115,6 1,846,4 21,698,2 25-2
4,117,^ 19-5
355,0
449,2
7,025,0 270
661,1
1,236,2
24-6
11,062,5
457,3
2,271,3
5,433,0 3,717,0 36,657,0 26-6
9.132,6 26-7
485,4
1,864,7
3,894,0 1,3:(2,0 20,983,0 25-1
16,273.0 6,771,0 84,536,0 26-0
1,487,2 31-6
286,4
184,0
3,197,8 2,507,4 22.663,7 25-1
615,0 1,930,0 10,871,0 23-4
23.733.3 2,393,1 101,551,0 25-V
8,007.6 25-4
469,4
1,569,6
3,646,0 22-0
431,0
373.0
5,913,8 26-1
993,3
496,6
3,948,0 J3-6
729,7
205,1
12,363,5 1,709,4 54,681,3 2 6 -7
2,546,5
425,8 11,286,1 26 3
'^00,0
3,960,0 J4-2
760,0
461,2 1,034,8
5,720,3 iO-l
1,549,5 1,973,3 14,777,3 23-7
8.309,0 25 7
1,824.5
318,6
693,0
132,4
3,029,4 27-2
1,943,4
890,9 12,OS8,5 23-4
757,0
339,0
4,379,0 25
3,154,0 1,504,0 17,853,0 26-0
583,0
4,594,0 28-2
716.0
2,185,0
250,0
9,491,3 25-6
1,177,0
389,7
6,110,0 25-6
1,228,9
487,1
7.557,0 22-7
713,0
339,0
4,506,0 23-3
116,972,7 137,656,6 11072949 216,116,9 83.323,3 11519686 25-9
t
t
Total United States deposits included, $16,959,400.
Reports of Non-Member Banks.
—The
following
the
Btatement of condition of the non-member banks for the
week ending April 22, 1905, based on average of daily results.
We omit two ciphers (00) in all cases.
is
Apr 1 253,629,2 10992897 209,481,1
Apr 8 253,629,2 10907596 208,035,2
Apr 15 25:^,629,2 10996111 210.954.8
Apr 22 263,629,2 11072949 216,116,9
$
83.848,8 11386613 43,718,7
82,672,5 11281007 44,120,4
8;^.32;i,i U397020 44,407.9
83,323,3 11619686 44,433,2
BANKS,
Capi-
Sur-
00s omitted.
tal.
plus.
Leg. T.
Deposit With
8
52,635,4 198,900,0
18,265,0
5,607,0 232,665,0
7,907,0
167,893,8
159,004,8
142,201,7
252,208,0 12,266,0
255,324,0 12,258,0
254,912,0 12,272,0
139.306,0
129,449,8
128,551,0
Apr 16 52,635,4 195,401,0 18,622,0 5,668,0 232,672,0 7,923,0
Apr 22 62,635,4 192,556,0 19,835,0 5,711,0 233,029,0 7,911,0
Pfiila,
Apr 8
Apr 15
Apr 2 2
48,167,1 220,061,0
48,167,1 218,938,0
48,167,1 217,261.0
68,967,0
60,953,0
62.281.0
t Including lor Boston and Philadelphia the item "due toother hanks,"
and also Government deposits. For Boston these Government deposits
amounted on AprU 22 to $2,022,000 on April 15 to $2,801,000.
;
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
April 20 and for the week ending for general merchandise
April 21 also totals since beginning first week January.
;
FOBEIGN IMPORTS.
I^or week.
1905.
1904.
1903.
.$2,748,087
General Merchandise
11,820.020
$2,279,412
8.554.248
$2,467,991
10.376,943
$2,145,427
8.766.657
$14,568,107
$10,833,660
$12,834,934
$10,912,084
$49,862,305
189,678,718
$42,610,535
150,878,046
if49,928,95T
$43,009,391
134,304,637
TotaL
Jan.
-Since
1.
Dry Goods
General Merchandise
Total 16 weeks
148,262.299
$239,541,023 $19.3,488,581 $198,191,256 $177,314,028
The imports
of dry goods for one week later will be found
in OUT report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 24, and from January 1 to date.
EXPORTS PROM
For the week
Previously reported..
Total 16 weeks
NEW YORK FOR THE WEEK.
1905.
1904.
1903.
1903.
$12,962,502
156.904.448
$11,014,952
145,680,386
$10,268,169
157,713,726
$10,168,984
145.160,393
$169,866,960 $156,695,338 $167,981,895 $155,329,377
Note.—As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjan
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending April 23
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
Notes.
tnents.
Gold.
\
Clear'y Other Deposits
Agent. Bks.&c
N. Y. CrrTT
£oroughs ol
Wash. Hgta
Century
...
Chelsea Ex.
Colonial....
Columbia
..
$
100,0
100,0
100,0
100,0
300,0
$
142,6
68,2
62,8
264.6
316,9
Consol. Nat. 1,000,0 1,048,8
?'idebty ....
200,0
124,9
4th Street.
131,4
100,0
Gansevoort.
87,1
200,0
Hamilton .. 200,0 133,2
Jefferson ..
333,6
400,0
ilt. Morris
129,7
250,0
Mutual
226,0
200,0
i9th Ward . 200.0 194.0
Plaza
242,2
100,0
r.iverslde ..
103,2
100,0
State ......
767,3
100,0
12th Ward
117,5
200,0
23d Ward ..
109,5
100,0
Union Exch 750,0 536,4
United Nat. 1,000,0 152,5
Yorkvllle ..
100.0
293,7
Ooal<&LNat 300,0 208,;:;
Jiorough
$
698,2
627,6
564,1
3,236,0
5,827,0
3,879,4
949,4
2,649.9
1,953,2
4.333,2
2,t>81,9
2,802,6
3,340,1
2,;mi,9
3,494,0
1,376,8
8.482,0
2,040,0
1,741,7
5,460,1
2,330,3
2,768,1
2,631,1
$
$
$
14.1
18.0
38,9
65,1
38.6
25,7
20,4
74,1
31,7
60,5
264,6
227,0
39,0
432,9
333,0
262,8
80,3
230,4
156,9
140,4
328,7
273,5
177,1
328,0
375,7
17,7
68,7
119.6
130,9
166,5
8,9
176,1
14,4
142,2
23,4
26,3
194,0
14,6
674,0
32,0
55,4
123,5
249,4
43,3
314,7
135,7
136,6
117,2
284,7
224,0
186,0
92,6
282,0
188,0
154,2
269,5
54,9
204,2
390,4
4;io,3
38;5,0
34,7
139,3
270,6
3,6
125,0
5,0
198,7
310,0
86,5
56,0
66,2
182,9
575,8
650,8
711,8
3,864,6
5,928,0
2,326,4
958,2
8,165,0
2,308,2
4,791,3
2,755,0
3.470,6
3,463.9
2,961,8
3,834,0
'26.3,1
74.8
1,641,1
275,0 1,040,0 10,036,0
137,0
28,0 2,439,0
111,0
192,0 2,182,6
987,1
6,944,1
72,5
1.418.8
225,0
330,5 3.327,2
671,8
340,6 3,607,2
Wassau Nat
Nat. City
..
North Side.
Peoples
17th Ward
.
Union
Walla bout
.
200,0
150,U
300,0
252,0
500,0
100,0
300,0
300,0
100,0
97.3
348,4
159,1
593,3
500,3
64.3
790,1
5S2,2
170,U
1,804,4
2,455,9
l,908,<i
3,649,9
9,845,0
1,547,0
6,000,0
3,373,0
1,437,1
1,843.0
689,6
1,264,9
36.0
13,2
109,2
391,4
269,5
16,8
180,0
144,0
850,0
19,7
73,0
11.5
63.1
69,8
400,0 1,072,1
4,628,1
167,1
250,0
250.0
200,0
656,2
120,9
296,6
2,260,5
849,5
1,604,8
74,2
35,1
110.0
125,0
541,6
2,955.9
1,237,9
167,2
34,8
100,1)
191,(1
100,0
200,0
100,0
92,7
112.2
95,8
124.2
203,1
62,0
136,0
464,6
118,8
307,0
352.0
93,2
181,8
68,8
126,3
194,8
319,0
225,s
575,1
936,0
268,3
720,0
612,0
39,0
65,3
60,4
2.005,8
2,650,6
2,087,6
4,586,4
11,665,0
1,901,0
226,(1
4,037,0
270,2
1,6'28,2
120.1
73,8
ll>5,8
186,8
41,0
683,6
84,0
2,1X9,6
745,3
1,972,2
890,0
341,1 1.332,5
34,4
73,6
217,9
20i;,o
4,000
Total 1906
Total 1904
Total 1903
Silver.
First Nat...
74,5
767,0
6,692,0
64,0
19,0
85,1
16.^6
2S2,4
384,8
118,8
26,2
1,834,4
32.7
220,0
33.0
i;:i,2
315,9
108,0
Go.
National
.
iieconil Nat.
Third Nat..
Ci),2
6.0
979,8
1,835,4
101,1
$339,280
$9,443,526
308,000
11,000
51,385
"2i6o6
............
3,471
Since Jan. 1.
$830,922
8,494,093
$289] 500
250.029
4",()91
6 6, .290
421,728
17,493
7,695
850
$302,136
26,084
29,347
$4,570,564
4,421,767
2,420,931
$20
26,503
241,434
746,034
$'l2",.509
6'79,999
All other countries
9,80U
859
3.000
Total 1905
Total 1904
Total 1903
$22,309
60,227
12,497
$344,751 $10,496,909
781,312
16,184,884
546,072
11,786.703
$1,013,850
308,167
376,123
were
Of the above imports for the week in 1905, %
American gold coin and $
American silver coin. Of the
exports during the same time, $fi,000 were American
gold coin and $
were American silver coin.
—See page preceding.
SauIiiU0 imd Ifiiiancial.
Spencer Trask
&
Co.
Monthly Descriptive List of High-Gra(de
INVESTMENT BONDS.
Transact a eenerai banlcino- business and execute
stock and bond or(iers upon the
New York Stock Exchano^e.
Williinu and I'iue St.H., New York.
Branch Office, Albany, N.Y.
Moffat
.3,096,9
1.312.1
Tot. Apr22 102. ;7o )243;M) 1161987 1.907,1 6.(!09,1 125080 7,Ol!O..0 lv'94112
Tot. A \>T 1 9,937,0 !2-^:i()7 1137817 l.'>74.8 6.20H.4 12812.-, 6, 698,
l26-'338
Tol. Apr K 'J,937,0 12-.:307 1130541 1,310,9 6,015,9 126,09
0,642,2 12501)67
9,078,563
2,495,839
Mexico
South America
HonoKEN.
FirstNat...
Beconil Nat.
\'
$490,037 $32,191,807
1,661.354
16,114
Great Britain............
France
Week.
8,997^454
40,300
7,250,000
3.000
'2;6o6
All other countries
5,91t0,0
JeoseyCitv
UudHon
$484",()37
Mexico...................
Auction Sales.
...
Broiulway .
Brooklyn ..
Mfrs.'Nat..
Mochanics'
Merchants'.
1.
$1,500
20,899,653
Germany ................
West Indies. ...... ......
Germany
West Indies
Imports.
Since Jan.
Great Britain
France
ol
lirookli/n.
Borough
Week.
South America
$
1902.
Dry Goods
Net
Specie.
1,914.662,3
2,050,003,6
2,082,178,8
1,940,652,0
Bos.
Apr
Exports.
Loans A
Man&Br'nx
Clearings.
s've.
IfloiiiberM
C
New
NASSAU STREET,
i>ciilcrK
ill
&
White,
Vurii i^tock FxciiiiiiKe,
•
HANOVKU BANK
BUILDING,
Investenoiit ^cciirilieti.
C0MM11H.S10N OKUUI18 E.VECUTEO lOlt
CASH OM.Y
.
-
Ape.
THE CHRONICLE.
29, 1905.]
railway and industrial bonds has held
face of a decidedly weak stock market
and general apathy on the part of investors. Only a few
issues have been active, some of which were exceptionally
weak, including Union Pacific convertible 43. which are
down 5 points, '"ind Wabash debenture Bs which have declined over 2 points. The Rock Island bonds are about a
point lower and Colorado Industrials j>re substantially lower.
Other changes in the active list are less important.
The market for
fairly steady in the
^K^ttU.
gatxfejers'
1709
^^ For Dividendt see paqe fjoj.
WAIiL STREET, FRIDAY, APRII. U8, 1905.-5 P. M.
The Money Market and Financial Situation.— Financial
circles throughout the country have been more or less disturbed this week by developments at Chicago and Mil-
United States Bonds.— Sales of Government Bonds at
waukee, where an attempt to maintain abnormally high the Board include $10,000 2s, coup., 1930, at 104%,';
$1,500 2s,
prices for wheat has met with the usual result. A decline reg., 1930, at 104;g; $6,3';0 4s, coup., 1907, at \Qi% to 1043^,
of 35 cents per bushel for wheat in the Chicago market and and $8,000 4s, reg., 1907, at 104>^. The following are the
losses estimated at $3,000,000 or more by a prominent banker daily closing quotations; for yearly range ste third page
at Milwaukee, largely of funds not his own, are conspicuous fotlottirg.
among the
causes which led to a sharp decline in the
security markets here.
It is interesting to note that the decline in wheat has
stimulated an export demand for that cereal, which has
been absent for some time past, and the return to more normal conditions in the produce market will no doubt have a
beneficial effect in other ways.
Reports of railway earnings are generally favorable and
call loan rates have not reached the high quotations noted
last week. There is, however, at the moment a tendency to
caution prevailing in Wall Street. Investors seem not anxious to increase their holdings and capitalists generally are
keeping aloof from the market.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 23^ to 4 p. c. To-day's rates on call were 2%@3}4 p. c
Prime commercial paper quoted at 3,^4^@4 p. o. for endorsements and 4@43^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £508,290 and the percentage of reserve to liabilities was 50*79, against 51 '67 last week,
the discount rate remaining unchanged at 2}4 per cent. The
Bank of France shows an increase of 14,435,000 francs in
gold and and a decrease of 2,335,000 francs in silver.
The New York City Clearing-House banks in their statement of April 23 showed an increase in the reserve held of
$5,168,300 and a surplus over the required reserve of
$11,448,050 against $9,352,400 the previous week
Differences
1905
April 22
.
Irom
previous week
1904
April 23
1903
April 25
$
$
$
Capital
115,972,700
115,972,700
Surplus...
137,656,500
133,809,000
Loans & discounts l,107,'294,9O0 Inc 7,683,800 1,046,390,300
44,43:-!,-J()(i Inc
Circulation
25,300
35,725,000
Net deposits
•l,151,908,e00 Inc 12,266,6<i0 1,109,374,400
216,116,9l»(J Inc 6,162,100
Specie
236,157,500
Legal tenders
83,323,300 Inc
200
75,389,800
Eeserreheld
25
p. c. ot deposits
299.440,200 Ino
287,992,150 Ino
5,162,300
3,066,650
109,822,700
129,181,300
900,625,100
4:-t,538,000
887,603,300
164,275,100
68,611,200
311,547,300
277,343,600
232,886,300
221,900,825
10,985,475
11,448,050 Ino 2,095,650
34,203,700
Surplus reserve
* $16,959,400 United States deposits included, against $17,020,500 last
week and ,'i;56,205,500 the corresponduig week of 1904. With these United
States deposits eliminated, the surplus reserve •would be $15,687,900 on
AprU 22 and $13,607,525 on April 15.
NOTE.— Eeturns of separate banks appear on the preceding page.
Foreign Exchange.— Though irregular, the foreign exchange market was generally strong this week, with a good
demand for sight and cablt s for remittance as the feature.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85@4 85J^ for sixty day and 4 87@4 873^ for sight. Today's (Friday's) actual rates for sterling exchange were
4 8455@4 8460 for long, 4 8650@4 8655 for short and 4 86S0@
4 8085 for cables.
Commercial on banks, 4 8435@4 8430, and
documents for payment, 4 833^@4 8470. Cotton for payment,
4 83i^@4 83S^;
cotton for acceptance, 4 8435@4 8430, and
grain for payment, 4 &460@4 8470.
To-day's (Friday's) actual rates for Paris bankers' francs
5 18^@5 ISJ^* for long and 5 16^ @5 U}4X for short.
Germany bankers' marks were 94^f@94^ for long and
95@fi5 l-16f for short. Amsterdam bankers' guilders were
40%*@40^t for long and 40i^ir@40 5-16* for short.
Exchange at Paris on London to-day, 25 f. 14i^c.; week's
range, 25 r. 15o. high and 25 f. 14)^0. low.
The week's ranse for exchange rates follows:
were
-Long.Sterling Actual
High....! 4 84E5
•© 4 8460
-Short-
—
©4
|
©
I
Lo-W
4 8430
8435
Paris bankers' Fravcs—
I
High....!
Low
I
5 1834
5 18^4*
5
©5 la's*
18^4
|
4 8650
4 8620
I
5 1678
5 167^*
I
95
®
©
4 8655
4 8625
®
5 1614*
5 16'8
®
®
OShat
94i5i9
I
4OI4II
-a
I
4014
40516*
405ie
•3)
-Cables.
8680
4 8650
4
®
®
Low
I
®
®
9434 f
94iiie
9434
9434
I
95
Amsterdam Bankers' Guilders—
High....!
Low
Less
I
40>8*
4OI19
*iia of
10/0.
t
@
@
40i8t
iOh,
hi
of
lO/i.
i 332 of
1%.
®
Plus : H ha
I
of
1%.
* * ise of
\%.
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day Savannah,
:
buying
mium;
bank,
April April April April April April
22
25
26
27
28
28,
1930
registered
Q— Jan
—Jan
'104>i '1040s '10458 '104''8
10434 a 041^ '104«fc '104 <%
couponQ
2s, 1930
28, 1930, small.registered
coupon
2s, 1930, small
3s,
3s,
38,
1918
1918
1818,
3s, 1918,
48, 1907
1907
1925
48, 1925
* This
48,
4s,
Q -Feb
coupon Q- -Feb
small.registered Q -Feb
coupon Q- -Feb
small
registeredQ- -Jan
coupon Q- -Jan
registered
Q
M
O
W
'1041b •104
'105
•105
'104
105
50c. per $1,000 discount; selling 75c. per |1,000 preCharleston, 10c. per $1,000 premium;
Orleans,
10c, per $1,000 discount; commercial. 40c. per $1,000
New
discount; Chicago, 5c. per $1,000 discount; St Louis, 5c. per
|1,000 discount; San Francisco, 50c. per $1,000 premium.
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $1,000 Tennessee settlement 8s at 963^.
•104
*106
'
•132
-132
132
132
133
133
133 *133
the price bid at the morning board; no sale was made
registered.Q- -Feb
couponlQ -Feb
is
*104
*105
104T,
a04«8
io3wl *i03>^ '1031^
*i03>i
10434 •10434
10434 •10434 104 »a
10434 10434 10434 10434 *10434
*132
•133
Railroad and Miscellaneous Stocks —The stock market
has continued unsettled and prices have fluctuated widely
throughout the week. The highest quotations were in most
cases recorded during the early hours on Wednesday and
were an average of 3 or 4 points hisrher than those of MonDuring the afternoon of Wednesday a precipitate
day.
decline set in, extending to all departments and carrying a
few stocks to the lowest quotations of the year.
Union Pacific has been by far the most active, but did not
fluctuate more widely than several other issues. Northern
Pacific has been restored to the Stock Exchange list and
steadily increased in activity. Great Northern suffered a
further decline, making a total of 63 points within two
weeks.
Atlantic Coast Line and Louisville & Nashville
were notably strong during the early part of the week, but
yielded to the general downward movement later and are
from 11 to 131^ points lower. New York Central. Illinois Central and St. Paul have covered a range of over 6 points.
Industrial stocks have been inconspicuous in the week's
operations. Amalgamated Copper has been the active feature and relatively steady, Tennessee Coal & Iron declined
over 12 points. The United States Steel issues are only 1 to
2 points lower than last week.
For daily volume of business seepage 1717.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
Sales
£ange
for
Week Ending April 28 Week
200
Amer Beet Sujcar
Canadian Pac sub 3d pd. 6i!0
112
Chic K I & Paciflo
lot
Cleve Lor & Wheeling..
3,00t
Preferred
Ft
Denv C, stmpd.. 100
100
Seneral Ohemlca!
5(i0
Havana Elec By
30(
Prelirred
214
Homeatake Mining
20L
Horn Silver Mining
30
Ill Cent leased lines stk.
Keokuk & Des Moines.. 100
W
<fi>
Knick Ice (Chicago)
Dock Co, pref
St L & San Fran stock tr
ctfs for C <& E lU pref..
Standard Mining
NY
U
S Leather
Preferred
29
for week
Bangs
sines Jan. 1,
24 Jan 34^2 Mar
16a'<Apr2H 12911 Jan 164a8Apr
Apr 25 30 la Apr 26
152'* A.pr20
170 Apr2t 170 Feb 171 FeD
Apr 26 86 Api26 li Jan 90 Feb
110 Apr 26 HO Apr 2." 105 Jan 110 Feb
61iaApr24 6 lis Apr 24 44 Jan 66 Apr
56 Mar 61 Apr
61 Apr 26 61 Apr2c
15 Apr 17 Apr
15 Apr 24 16ViApr2f
no Apr 62 la Apr
60 Apr24 bO Apr 24
71 Jan
80 Apr
79 Apr2fi HO Apr 2 4
1'80 Apr28 1-80 Apr 28 i'e5 Feb 1-95 Apr
104 Apr 24 104 Apr24 104 Jan 104 Jan
14 Apr l4»4Feb
14 Apr 26 14 Apr26
lu Jan 213,Apr
2,000 18^Apr24 213,Apr2e
S3 Jan 06 Mar
382 60^4 Apr 26 61 Apr2b
170
.t.pr25
8(5
26 131»4Apr24 131»4Apr24 131»4Apr ISii^jFeb
600 1-80 Apr 2 4 1-80 Apr 24 1-80 Apr 200 Mar
11 Apr 1408;aB
1,40U 11 Apr 25 llHiApr^i450 108HApr26 10jHApr26 lOOTgJan J 091^1 Mar
Ontaido Market.— Trading in the market for unlisted
been on a somewhat smaller scale this week
and although some strength has been displayed the general
tendency of values has been towards a lower level. Interest
again centered largely in Northern Securities stock, which
experienced another sharp break of 10 points. From 165^^,
the close on Thursday of last week, the price of these shares
dropped to 155, then rose to 165^^ and to-day fell back again
securities has
was at 157^^; total trarsactions have aggreestimated, about 105,000 shares. The "Stubs"
also have been very weak, declining from 650 to 350, with
the final sale to- day at 435. Standard Oil satk from 630 to
Interborough Rapid Transit has bfen quiet between
623.
203 and 206; the close to-day was at 2053^. International
11,
Marine common fell 1% points to
Mercantile
to
but later reacted
UK; the preferred dropped
from 81 14 to 29, then recovered to 30^4 and closes
to-day at 30. After a decline of 2 points to 69V,
American Can preferred rose to 73^^; to-day it fell
early in the
back again to 70; the common shares lost
week to 13, then ran up to 14}^ and to-day sank to 12s^.
United States Leather common (when issued) went down
2h4 points to 42. while the preferred, after a gain of IJ^ to
United Copper continued as the promi103, reacted to 101.
nent feature of the copper group; the common shares moved
irregularly between 27i^ and 2114", closing to-day at 22J^,
while the preferred fluctuated between 70 and 723^. with thf
close to-day at 72.
Outside quotations will be found on page 1717.
to 155; last sale
8685
4 8655
4
Oermany Bankers' Marksnigh....]
Periods
Interest
gated,
it
is
%
3
...
,
'
;
71
New York
Stock
Exchange— Stock
Record, Daily, Weekly and Yearly
TWO PAGES
OCCUPYINCi
LOWEUT SALE PRICES
STOCA,S—IlJGJl£ST jLND
Baturdav
April 22
Monday
Tvesdaii
April 24
April 25
Wednesriau
April 26
88I4
Thursday
April 27
STOCKS
NEW YORK
iriday
April 28
Sales
01
the
STOCK
Mange
On basis
for Year
ot
iyu5
100-share
8638
S?^)
102 '4
1021..
871a
102^103
S/iares
Lowest
Jiighest
liailroads.
8678
8478
101
161
'4
102
'2
_
8m
1.2
(4
o
>
Q
O
o
&
o
I
>
,
CD
.
W
o
It'
Hi
Year (1904;
Week
EXCHANGE
S434 85 la A tch. Topeka<feSanta Fe 67,350 84% Jan 25 9338 Mar 9
^*102 102
Do pref
5,275 99 Jan 25 104% Mar 9
I6534 157ial61
Atlantic Coa.st I^ine RR.. 30,068 120 Jan 25 170 Apr24
165^4 I6SI2 16li>l2l6Sl4
107^4 1083f. 10/58 108 V2 107^4 10918 1(15 108
57,145 luO% Jan
105% 106 S, Haltiiuore& OMo
lll%Marl3
ii6ia 961^
*95
*95
390 91 Mar 9 98 Feb 8
97
Do pref
{96
96
97
63 14 66I4
64% tJ6Si 65 ''8 66',
66 Hj 6S
621a 64I4 Brooklyn Rapid Transit.. 104,556 58% Jan 25 71% Apr 14
*90
•90
'90
91
90'4 91
Butfalo <fe Susqne, pref.
400 87% Jan 4 91 Apr 14
15178 16318 14« Is 15134 147 la 1491a / Canadian Pacitlc
76,950 I3OJ4 Jan2,5 15534 Apr 7
150--'8l52
149V2 152
6Hi<2 69S(.
•testis 69^2
V
•6934 71
•691.2 71
-69% 70
Canada Southern
200 67% Jan 11 7-34 Jan 31
197 199 »i 197 1971a 199121991.2 199 1991-2 194 la 196 la Central of Ne-?v Jersey...
2,0U0 190 14 Jan 3 205 4 Feb 3
54I2 55%
41. '4
53 12 55^4
5338
51
60,900 46% Jan 25 60% .Mar21
53
56
52 Chesapeake <fe Ohio
37 14 37 14
37^4 3«
1,600 35% Apr 28 444 Maris
37 18 381-2
351a 37 Chicago <fe Alton...
"80
81iv
•80
*80
80^4
80
80
500 80 Jan 25 8334 Apr 7
X2
81
Do pref
2II4
22-'« 23
23
22
2H4 Apr28 25% Mario
2178
23
2234
26,000
Hi
22^1
22% OhicaKO G-reat Western..
14
87 14
*»6^ 8/14 861a 86 ^i >85
85
85
300 84%Apr2S 88% Maris
Do 4 p. o. debentures
84% 84%
*62"4 69
*<30ia 69
62%Mar23 70% Apr 17
'60 "a 69
Do 6 p. c. pref. "A"..
•601a 69
*60>u 69
34^2 34->.
34 1« 341*
34
35
33
3.;
Do 4p. c. pref. "B".. 3ioo6 32 Apr2!- 37%Aprl7
35
33
175^4 178\ 176 6 1791, 179
I8ii8 175 179
174% 176% Chicago MUw. & St. Paul 263,116 171% Jan 6 187% Apr 17
'186 188
1871-2 185
'l>i4
200 182 Sj Jan 13 192%Aprl7
190
'187
190
1«^6
Do pref
187
234 235
233 235
235 235
235 238
229 232^2 Chicago <fc North Western
6,509 205% Jan 6 249 .Ian 31
250 260 '240 260 250 260
'245 258
234 Jan 13 265% Feb 1
Do pref
'175 185
175 I80
175 175
17934 180
600 150 Jan 6 225 Jan 31
180 180 Chic. St. P. Minn. & Om.
190 200
185 200 '190 200 '185 187
195 Jan 17 230 Jan 31
190 200
Do pref
17»-j
I8I2
181-,
734 Jan 5 19%Febl7
•17
17
17
400
171b -17
1734 I8I2 Chicago Teriu'l Transfer.
33>4 331.
3078 33
32
32
3234 323.
1,30U 17%Jan 4 36 % Mar22
Do pref
311a 324
6'8
7 '4
8I4
'6'8
834
6% Apr 18 13% Feb 2
7 -a
3,500
8% 8'4
7^1
81a Chicago Union Traction.
300 35 April 64 Feb 3
35 "a 35 K
37
37
Do pref
38
38
100 101%
90
Jan 14 111 Mar21
101.Hil02
lOl'elOSii 102 102
Cleve.
2,900
Cin. Chic. & St. L.
99
99%
119 122 '119 122 •119 122
118 122
11834 Apr! 3 12134 Marll
Do pref
119 122
28I4 28'(.
27 14 2978
27 S2 29 ^
301*
29
261a 2734 Colorado cfe So., vot. trusi 41,676 22% Jan 20 30% Apr 2 6
59 '4 59 12
59 14 59 14
61
59
60
591a ?5Sia 581a
Do Ist pf. vot. tr. cfs. 2,550 69 Apr 27 64% Feb 10
37
3734
35
35
36 14
361a 38
371a
•35
Do 2d pf. vot. tr. ctf a. 3,800 34 Mar23 39% Feb 3
37
18718 188
187 18718 188 1911a 187 189
8,500 180% Jan 25 196% Apr 11
& Hudson
Delaware
187
1851a
*372i2390
'375 385
'376 385
375 385
200 335 Jan 25 400 Marl4
elaw. Lack. <fc West'n.
376 376
'32i2 35
"33 Hj 35
•32 4 35
*32i3 33% Denver <fe Rio Grande
30% Jan 27 36%Mail4
•321a 35
87
86^8 87
871,
87
1,800 85 Jan 23 91 Marl.")
861a 87
Do pref
86
87
*23ia 25
*23
*i'3
26
25
25
22 Feb 20 28%Marl7
^3
Des Moines & Ft. Dodge.
*22ia 25
4I2
•4
•4
(J4ia
4^8
4 79 Apr 25
6
978 Jan 24
6
825
Detroit South, vot. tr. ctfs
4'f
33 Hs 35 S41.J 37 •33 38 *33 38
3138 Mar 4 36 Feb 1
Do pref. vot. tr. ctfs.
!-4
fc4'e
84 lu 841.2
8479 85iii
1,400 76% Jan 27 86% Apr 18
841a 841-2
84
84% Detroit United
8'.'5
15
15
51439 1438
15
15
214% 15
12% Jan 12 17% Jan 21
Duluth So. Shore <$! Atl..
131a 14
29 12 29^4
29 Ha 30=,
3038 301a
30
25 Jaa 3 37 Jan 21
3,025
281a
Do pref
28
29 \
43 '4 451.
42 14 44 14
4518
4434 45\
44
37%Jau
3 4834 Marll
171,560
41% 433r Erie
77I4 79%
80 14
79^2 auHi
80
79»8 80 V
28,935 75% Jan 3 83 4 Marll
Do Istpref
77% 78%
66^8 68
67 14 68 12
651a 671a
11,400 66% Jan 3 71% Mar 3
671a 681.2
Do 2d pref
641a 66%
*64
•64
64 70 -64
70
•64
68
70
65 Apr 7 72% Jan 16
70 Evansv. <& 'Terre Haute..
*85
•85
90
*,S5
•85
90
90
90
90 Feb28 90 Feb 28
Do pref
•85
90
291 291
284 296
275 290 x272 275 Great Northern, pref
289 299
3,853 236 Jan 4 335 Apr 17
83 Feb 16 90 Jan 13
Green Bay&W..deb. ctf.A
20
20
5 17%Jan 6 24
Feb 2
Do
deb. ctf. B
93 14 93^4 *93
-93
94
94
93
93
700 86% Jan lb 99 Marll
92
Hocking VaUey.
92
*93
•93
96
•93
93 95 •92%
95
96
Jan
90
18
96%
13
Mar
Do pref
95
15914161^4 It.O'sKJl's I6II4I6434 158%162>4 15S 160% Illinois Central.,
44,36 15234 Jiiu25 17u Aprlo
29
30
2:)
30
2934 2934 '291a 30
500 27 Mar2:-; 32 Feb 3
27% 28% owa Central
54
54
53
54
53
53
800 53 Apr 25 0834 Feb 3
541a 64->4
Do pref
53
*51
83
8318 831* •83
83 la 83
200 8I34 J an 25 84% Marl 6
831a
83
KO.Ft.S.&M.,tr. cts. pt<l
83
2934 30^,
3014
30
30
31% 30
30% 28% 29
17,400 27 4 J an 7 34 Feb 14
ansas City So. vot. tr.
62'\
63 14 65
62
62
63
66
63
Do pief. vot. tr. ctfs 18,900 52 J an 3 70 Feb 14
62% 63%
•36
•36
36
40
40
40
36
36
400 36 Jan 11 44%Marl4
35
35
Lake Erie* Western..
-95 IOOI4 •95 I0OI4 *J5 100 14 *95
95 101
99% Mar 2 106 Marl3
Do pref
100
•310 31ti
310 330 310 330
310 330 *31(> 330 L. Shore <& Mich. South'ii
5290 Jan2u iS50 Marl3
*56
60
•56
55
60
60
60
55
Jan 20 65% Feb 3
56
loo
Lon^
Island
66
56
146 ^4 15=i»< 15134 155I4 I53I2I06I4 148 11635. 144% 149 Iiouisville <fe Nashville... 499,950 rl34% Jan25 156 I4 Apr 26
164i-jl64
164 14 165
164ial65
163 1641-2 162 163% \/I anhattan lilevated.
3,360 162 Apr28 175 Feb 9
85I4
81^4 83 4Si's ^'i
83
80 la 83%
i'Xetrop. Secur., sub. reo. 52.450 73 Jan 9 91 Marl7
82
80-34
1183t,120it 118iall9S6 1191a 120% 11614119%
44,650 114% Jan 9 125% Man 7
11684 11734 Metropolitan .Street
22»8 '-^3^4
2238 23
22 78 23-4
20% 2234 20
Mexican Central
29,500 2038 Apr 2 6 26 Marl3
21%
*145 160
145 160
145 160
145 160 *145 3 60 Michigan Central
{130 Feb 3 §160 Feb 15
58
62
•60
•68
62
58 60 *56 60 Minneapolis & St. Louis.
60
66% Jan 12 6434 Apr 7
•88
94
•88
95
•88
95
•88
94
86 J an 19 91 Feb 24
Do pref
88 95
114 116
11434 11534 115 iiei* 113 1143 112
6,176 89% Jan 11 122 Mar29
113 Minn. S. P. & S. S. Mane.
160 I6OI2 15978 16114 161%16134 159131591.2 157%159%
Do pref
2,35 148 Jan 13 l69i4Mar29
30^4
30 14 307(
30
29 14 301a
3078 31
9,835 28% Apr 2^ 33% Jan lb
28% 29% Mo. Kansas <fe Texas
6418 65 «
641a 6534
651a 65%
621a 65
Do pref
13.400 62 Jan 10 69 Marl 3
63
62
102 104
10238 10378 10278 104:%
99 102-ii
78,850 98%.Apr2P 11078 Mari3
98% 100 Missouri PaoiUc
146 151ii 149 150
151 158
152 156 n48%149
CUatt. cfe St. Loui,^
6,676 13 7 Jan 12 158 Apr 26
Naah.
37
37
3714 37
37
•361a 38
at.of Mex, non-cum.pl
500 35 Apr2S 45 Jan 16
36
35
*20i8
20 14 20 14 •20
211.2
21
19 21 •
Do 2d pref
lOo 20 14 Apr 24 24% Jan 10
1934
I49I4IO2I2 I50I2I52I4 152 155
I48I4I52I4 147 149 N. Y. Central & Hud.son. 136,500 141^4 Jan b 10734 ,\iail4
49 la 50 't,
491.^ 50
51
49
50
481a
14
3,100 42 Jan 20 55% Apr b
48% 49 N. Y. Chic, cfe St, Louis...
*110 120 •110 120 110 120
110 120 *110 120
113 Mari3 122% Jan 30
Do Istpref
•78
77
81
82
•78
82
73
78
Do 2d pref
100 74% Feb 1: 85 Apr 7
•76
80
20434
la
la
204 J 204% 204 22033^204 §203% 204% N. Y. N. Haven cfe Hartl.
J204
210 4 Feb 4
i 203
701 198% J an
53I4 561.2
571-;
55
5533 57 14
57
684)
64 Mar30
5334 X. Y. Ontario cfe Westeru. 37,100 40% Jan £
52
8234 84 14
81 14 85%
78 14 8O34
831a 841^
Jan
2;
88% Marll
77%
Norfolk cfe We.stern
65,425
7814 79
92 94 *92 94 •92 94 •92 9i •92
Feb
91%
24
94
4 Feb 3
adjustment
Do
pret.
94
165 170
166 169
170 178
170 175
10,219 165 Apr24 178 Apr26
171%174'a Northern Pacific
90
91
90
90
89
89
88
87
><>^
1,300 78% Janl7 98% Feb 7
Ijacitlo Coast Co
87
*103 107
'103
108 •103 108
1U3 108 100 108
100 Jan 3 108 Feb b
Do Istpref
'91
91
91
93
92
91
90
91
Do 2d pref
400 85 Jan 12 98 Feb 7
•88
93
140 14134 140% 142 ^ 14112 142% 139 14 13^ 139 140 Pennsylvania
290,265 136 Jan 25 14734 Marl3
4434 44-'4 •40
•40
44
44
40
40
20U 27 Jan 26 4834 .Apr b
•37
42 Peoria cfe Eastern
77 Jan t) 106 F"ebl4
Pore Marquette
HO_ Jan 11 87% Feb 6
Do pref
128 129 •1271a 128ii 128i2l2aia 128 128
118
% Mat b 132 Apr 15
Philadel.
Rapid
Transit..
1,001)
120%127
79
•79
79
83
•78
74
78 W;
831a
74 Apr27 8734 ,\iarl3
PiltsI).
Cin.
Cliic.
cfe
1,300
SU
L.
76
77%
102 109 •102 109 102 109
102 109
105 Feb 17 112 Marl3
Dd pref
102 109
93 '8 95
92'8 9488
9434 9638
92% 94% 92% 94 14 jJeading
Jan 13 9934 Mar 9
332",222 xTd
•92
93
9218 92 14
92
92 % 92 14
92
1,270 91 Mar24 94 I'eb 2
91% 92 rtlstpret
•b7ia 89
87 89 *87 881a *o6 88 *86
Jan
84
5 92
pref
Feb 3
2d
88%
3034 33
31% 32% 32 14 3234 3034 3216 29% 3034 Rock Island Company
ll.V.siiO 29% Apr 2s 37 78 Jan 18
76''8 77I2
76 14 77
77
7634
77
75
14
Do pref
13,300 74% Apr 28 85 Jan 4
74% 76
•13
1734
•13
•13
1734 •13
1734
1734
1734 Jan 31
1 3 % J an 1
1734 St. Joseph cfcGr'd Island.
•53
•52
50
52 56 •62 56 *13
56
51 Mar27 6834 Jan 21
•53
Do Istpref
24'^ 26^8 •24% 2678 •2434 26% •24% 26% •24% 56
Mar22
2914
24%
2dprer
Feb 3
Do
26%
•76
79
7834 7834 •77
•77
79
79
200 75 Jan 24 M'4Mar
76 St. L.cfeS.Fr., Ist pref
76
68I4
68
67
68 la
681-.
•67% 68
671a
14
Do 2d pret
1,400 66 Apr 2:8 73 4 Mar 6
6634
66
•180 190 *182 190 184 190
184 190
175 J an 30 192 .Marl 6
C.C& K. I. coin stock tr ctf
182 190
241a 241.2
251.2
26
241a 25
,.
•241a
2334 St. Louis Southwestern..
2,300 22 2\.pr2S 27 4 J an 20
22
6234 64
6318 631..
63 13 61
63 '4
61
Do pref
6,225 67 Jan VJ. 66% Apr 18
61
62%
6234 65 le
63
64% 64
65 3^
61
63% 60% 62 14 Southern Paciho Co
154.200 60 .\pr28 72-% Feb 27
11736 11778 117% 117
11734 11734 117411734 117 117%
121% Feb 15
4,200 11534 Jan
Do pref
33I4 34
8234 34
31% 33
331a 34
31% 32% Southoruv.tr. cfs. stmyeu 29,990 31%Apr27 36-'4 .Mar 13
96
*»6
97
*96
97
28
100 JMur22
97
95
Apr
97
97
do
900
95
Do pret.
96
•97
97
97
98
100 97 Apr 18 98%Feb2H
M. cfe O. stock tr. o*fs ...
85»ii 87
102^4
lO'J
16'334 IVU
Hange for JPreviovt
lots
1^,
;
"^4
-
.s
1-.
1.,
1-2
Highest.
Lowest
64 Feb 89% Not
87% Jan 104% Not
104 4 Feb 165% Not
7278 Mar 105 I4 Deo
87% Feb 96% Oct
38 Feb 70 4 Nor
83 Not 89 Ang
109% Mar 13534 Oct
64 Apr 72 Not
1544 Feb 194»4NoT
28% Mar 51 Not
33 Jan 47% Not
75 Jan 85% Jan
127g J'ne 26% Not
80 4J'ly 90 Not
47% J'ne 7434 Not
20 J'ne 394 Not
137% Feb 177% Deo
r/3 Mar 18578 Oct
161% Mar 2144 De«
207 Feb 237 Not
135 Mar 160 Nor
nes Apr
Deo
192
5% Aug 16% Not
11 4 Aug 273«NoT
4 J'ly 15% Not
29 May 48 4 Not
68 4 Ma) 93% Deo
100 Feb 115 Not
13 4 J'ne 24% Not
48 J'ne 63 Deo
177eJ'n« 37 4 Not
149 Mar 1904 Deo
2504 Feb 35934 Deo
18 Mar 357gNoT
64 4 Feb 89 Deo
19 4 Jan 27 Deo
l%J'ne 1434 Jan
234 J'ne 33 4 Deo
60% J'ne 7934 Deo
5%J'nt 1479 Not
9% Aug 284 Not
21%Ma) 41% Not
65% May 77 Deo
33 Maj 68% Deo
54
72
170
70
11
60
77
67 Deo
Feb 83 Not
Mai 242 4 Deo
J'ly
Aug 86 4 Not
2034 Not
Ma\ 94 Deo
Mai 95 DeO
Deo
12534 Feb 169
14 J'ne 33 Not
32 Feb 5934 Not
64% J'ne 83 4 Not
16% Feb 3 178 Not
31 Feb 6634 Not
26 Mar 43% Deo
J'ut
85 J'ne 105 Oct
§2 45 Nov §300 Deo
46 May 62 4 Not
101
Feb 14334 Deo
13934 Mai 1 69 4 Not
72% Mar 96 4 Aug
10434 Mar 30% Oct,
6 Apr 23% Not
«1194 Feb 160 Not
40 J'ne 6734 Jaa
80 J'ly 96 4 Sep:
55 Jan 95 Oct
.16
May 150 Oct
14% Feb 36% Not
65% Deo'
32 14 J'ne
87 Feb
ll%Deo
1014Feb 147% Ded
Feb 45%Noy
Feb 25%NoT
11278 Mar 1454 Deo
25 May 47 Deo;
101% May 115 Not
3434
1678
60
J'ne
May
19% Mar
53 4 Mar
88 May
5185%
Feb
51
95
Deo
78
199
Oct;
47% Oct
80 4 Deo
Deo;
J
95
82 4l^e"<>
Sep
J'ly 101
61% Jan 86% Deo
De<>
11 14 Mar 140
17 Mai 324 Deo
74% J'ne 81% Jau
§68 May 79 4 Not
Apr
Apr
3834 Mar
76 Mai
55% Feb
19% Mar
55
90
'so" Deo
Deo
82% Deo;
107
Deo^
92
85
Deo
Not
5734 Jan
86% Not
9 Mar 18 Not
35 May 60 Not
16 Jau 30 Not
?61 Mar 7934 Deo
39% Jan 72 4 Deo
3734
"0
Jan 185
9
4 J'ne 29
J5%J'ne
41 4 Mar
6O34
6834
Deo
Deo
Deo
Not
Sop 119 4 Deo
18% Feb 37 4 Deo
Jan
77 4
97 4 Deo'
90 Feb 98 Deo
13
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
ITBW YORK
Aetna
America
160
520
BankH
Sid Ask
1674 172%
165
Citizens' Ctrl
City
630
285
825
Coal cfe Iron. 230
Colonial 11 ... 450
liankx
Bid
First
755
14thStreei1|. 300
Ask
Mid
Hankn
Ask
170
160
230
InterboroU
Mid
Haiika
JtetroplI
Ask
400
.
Banics
Park
Bid
,
Ask
630
290
140
575
Mt Morris
2
240
i'eople'sll
Irviu!<
300
Mutuall]..
Plieui.'C
200 215
ISO
.leiiersonll... 170
190
198
Gallatin
Nassaiili
535
Plazal;
410 420
Liberty
Astor
775
Columbian .. 400
Now Ainster 476 .no Prod Exchll 176 185
tiansevoortll 140
1600
U5 Lincoln
Battery Park 160 170
Coiumurce. .. 1217% 1221 Garfield
York
300
Now
500
Riversidoll .. 250 280
Maiden Lane 110
Bowcryli
325
Consolidated 152
157
German Ami; 165 170
N Y Nat Ex. JOO 2 () Soai)oaril
335
670 700
Mauliattauli 3-26
Butcli'scfe Dr 165
i65
C'ruExchgul 1391
Y'ork. .. 31.''.
New
German
325
.Secouil
700
265
275
Ex1l 400
MarketcfeFol
Century li.... 195
2.-)0
Discouutir... 150
1«10
19th Waidll.
Gerina!ii:i1| .. 500
Shoo & Loth. 160 100
Mechanics'
290 300
Chano
650
East River.. 160
160
North Amer. 240
Grtioiiwichll 240
1200
260
.Mech cfeTral 150
Statell
Chattiam
.;20
330
Fidelityll
180 200
Northern
130
Hamiltonll .. 170
290
34th Street.. 195 206
.Mercantile .. 280
Chel.Mf.aExcl 170
Fifth Avelj.. 3500 3760 Hanover
Orion tain
175
246 255
170
500
Mercli
Exch.
12th
Wardl). 1374
Chemical .... 4300 43SO Fifth
340
Imp cfe Trad. 595 605
PacUloll
260 265
185
Merchants'.. 175
23d Wardll.. 160
• Bid and asked uncog; uo .sales wore
luado ou tlu,-i day. i Los.s biiaii 100 .sud,ru:i. 1 i-^x rii(iit..«.
Slato i>;itiks. a lUx ilividunU ami riKhUi.
New stock.
sale
f
at Stock ttxchange or at auction this week. a rrust
Oo. certlUcates.
n Sold at private sale at this price.
A Aaaeasmeut paid.
II
..
Amer Exch. 275
290
293
1
Fourth
.
(,'(1
1
1
.
'
11
,j
.1
y
.
Apr.
29, 19o5.]
iStOCk
.
Record— Concluded— Page
BTOCES—HIOHKST AND LOWEST SALE PRICES
Monday
Saturday
April 22
April 24
Tuesday
April 25
34 12 35«^
34 "8 3578
•129 131
*128 131
3334 34
3334 3334
38 14 3334
39
38
58I3 59-'4
58><j 59
113 1147e 113 114
154 164
123'4 12638
9812 99
4118 41i«
83
21S8
4434
18
-40
*2e
83
2134
45
18
45
28
2134 '23
49
50
240
16
«240
16
5935
8038
2638
J
6OI4
1237g I26I4
•98 la 99
41
41
82 12 821a
211-2
21^4
44 1-4
17 14
*42
25 la
22 1«
461-2
4334
•245
1578
58
811a
261^2
26
3814 40
99^8 100 Hi
3434 3512
*95
97
39
235
734
9
46»4
539
7
9
48 14
6^8
*39Wj 40I4
20
•44
55
118
20
47
5734
119
63*
2XH
6 '8
la
100
341a
•93
230
*7
9I8
4758
5I4
Thursday
April 26
April 27
33
3838
5934
126i« 12838
9812 98 Hi
83
2134 22
451a 46
17 18
•25
45
2512
22I4 2278
4939 50I4
401a
250
151a 16
•58
341.J
97
230
59
861s
3934
403,
8
*7
938
942
49I4
-518
514
39
40
1334
19 »8
*19
•44
46
46
56
57=8
1181a 119
7
27
^i
101
5341a
•93
225
CO
344
97
235
8
912
50
51a
40
20
48
5714
58>.
118iall9
634
7
25
25
25
241a 25
II438II9I4 11838 12038
113 "all?
122 122^8 122 122 14
122 123
nVO 175 5175I4I7514 170 175
4IOOI4IOOI4 lOlialOlia *101ialo2
15 4 1534
62 >4 6234
M
o
H
139
140
145
9638
35*8
103
o
o
OB
I
to
W
o
f
M
tt
15
145
9638
37 'a
107
117
11334
200
205
i\b^
151a
141a
151a
6'
61
I38I4I4OI4
13759137=8
•144 145
96I4
3678
9778
38^2
10534
15 14
611a
140
15-'s
1534
631a
1431a
145
143
97
977,
38=8
105
106
115l4l23'4 a;l20
20434 20434 205
141a
364 364
ISSg
40-8
40
40
83 14
81
2134
8O34
2OI2
45 14
424
43
173^
I7I4
I7I4
40
40
394
4
241s
2134
25
22I4
48i8
494
Do
214
Do
26
705
24
24
2034
214 Wisconsin Cent. v. tr. cfs.
48
Do pref. vot. tr. ctfs.
Wheeling
9438 98^'
*44
44 la
li
12
70
3
1
la
94
127
§1134
971a
44
11^4
76
77
77
32 1«
3134
32=4
9534
94^8
128
12 la 13
108 la 109 14
89
35
94
44
1
90
36 li
94
5126
1234
126
1278
108i2l08\
89"4
36
901-2
371.2
66I2 68
64^8 671^4
4UI4 42
40-4 42
II514 116'f, a;lll34 113
34 Si 36 1^
100 14 102 14
3534
107
*46
I3I4
J
245
93=8
173
•ItiO
361.
1071a
48
13 14
250
937p
175
196
35 la 36 4
101=8 102 78
3514 36
107 1071a
131-2
131;l
250
94
I73I3I75
•190 200
4240
9312
*^8
95
Lake
584
564
79=8
«'-^S,
AraalgamatedCopper
26
26
Amer Agricult Chemical.
35
37=8
American Car
99
994
33 14
34^4
93
97
236
•7I4
8
Do
225
'225 236
'7
8
*8l4
PI4
9
9
4938 a;4634 474
48
5
514
5
513
38
38
38 4 38 4
17=8 I834
19
19
46
43 Is •43
543
484 53 14
52^4 57
1144
115
11878
115
6
6
64 7
234 24 4
24
241a
11434 11734
11538 118
121412214 122 1224
170 175
1014102
•170
175
•1004 102
15
154
60
60
1414
5814
96
35
200
208
*15
•58
ly
1
973,
lei*
I514
•58
46
100
15 4
200
13
•424 43
1218
«77
32 14
90
126
*
953^
43
114
11^6
77
76^8
314
774
333g
121,
964
128
13 14
12
10918 109 14
93
93
37 14 3734
6734 as
78
9334
126
32^8
904
n27
124 12
'4
108
91
10878
911a
34I4 35
65 4 654
3934 41
41I4 414
1124 113
11041114
3578
30 =f.
102 14
36 14
108
*46
1033,
37 14
108
I3I2
1334
•240
934
175
lyO
49
255
9334
176
195
33 '4 354
10038 102 4
35
36
IO634 IU634
46
46
•240
260
934 934
171
U)0
175
195
Twme
..
American Ice
pref
American Locomotive...
pref
American Malting
pref
&
Amer. Smelt'g
Do
Refln'g.
pref
Do pref
144 American Steel Poundr'B.
594
Do pref
Do
pref
Amer. Teleph.
&
Teleg.
964 Amer.Tobac. (new),pf.ctfs
American Woolen...
Do
pref
Anaconda Copper
Brooklyn Union Gas
2U5
15m
ninsw. Dockife C.Imp't
Butterick Co
Colorado
Fuel <fe Iron.
(
v> Do pref
Col. & Hock. Coal <fc Iron.
Consolidated Gas (N. Y.).
Corn Products
Do pref
DistUlers Securit's Corp
^.lectric Storage Battery
Federal Mining & Smelt'g
Do pref
G eneral Electric
International Paper...
Do pref
International Power...
[ntemat'l Steam Pump
Do pref
VTational Biscuit
Do pref
n
Nat Enameliug&Stamp'g
Do pref
National Lead
Do
pref
New York Air Brake
North American Co., new
Pacific Mail
eop. Gas-L.ife C. (Chic.)
Pressed Steel Car
Do
pref
t)^Do pref
Kepublic iron
&
!i
><
_
^250 Feb
Oct
Mar 21% Nov
39 4 Mar 71 Nov
434 Feb 8234 Dec
13 Mar 24=8 Dec
6
56 Mar2
68
70 Jan 25 8978 \\>r 14
20 Jan
29 4 Apr 1"
592 Febl
89 4 Feb
3II4
43% Apr 1
Jan 25
1,600
9 7 =8
800 147
44,350 OS
7,S00 39
46,240 103
7234 Jan
1434 J 'ly
Jau 7 IIII4 Feb 20 80 4 Jan
Jan 24 10138 Apr 15 120 Feb
Jau 20 107 Apr 17 80 Mar
Ai)rj7 49i4Jau 4 24 Feb
Apr 2; 1154Apr 3
334 Jan 31 4634 Apr 14
8734 Mar 6 99 4 Apr 14
Jau 3
Jau 7
Jau 2
Jau 23
Jau 10
Marl4
Jan 25
Jan 25
Jan 13
34 Jan 28
68 Jau 25
37 4 Jan 31
9 Jan 25
pref
&
Iron
pref
1
25,550
19,187
19,720
3,900
5,000
300
700
75,900
600
32
93
15
67
24
94
60
100
2,360
77
Do pref
Tan 10
645 68
30% 31 't U. S. Cast I. Pipe & Foun. 14,800 197gJau 3
9438 94 3g
Do pret
3,370 79 14 J an 3
124 128 United Stilt ea Express...
690 H20 Jan 9
12 14 124 sUnited States Leather...
8,90ii i'll
Mar ;;
Do prel
108 108% s
3,200 10078 Jau 10
90I4
89
U S Realty <fc Improve'nt 5.80O 77 Jau 4
34 U S Reduction & Refln'g
33
1,800 18 Feb2S
644
64
Do pref
3,20u 35 Jan 13
38I4 39 4 United States Rubber
9,700 3334 Jan 3
1081^4 109 4
Do pret
3,900 9S3sJan 6
334 3434 United States Steel
497,689 iJ8 14 Jau 25
99 14 100 '8
Do pret
509,560 91 4 Jan
3434 35 14 Virginia-CaroUna Chem..
7,260 324 Jau 25
Do
pref
922 105 Jan 23
•1063i
45 Virginia Iron Coal & C.
44
600 40 Jau V
Vulrau Detiuning
8 Apr 3
600
Do pref
49 Apr
Fargo
235
Jan 3
250
&
8
Co
240
Wells,
est'u Union Tele'gpli
2,611 92 Jan 1
934 93 4
1724173 West'gh'seEl&Mfgassen 3,300 1724Apr2t<
rio
Do l.stpref
F.:b23
190 194
7714
^220 Feb 250
Pebl
Febl
19
Dec
87
t;
900
Steel
pret
,^lo8s-Sheirield St.
Do
Highest
1
10,450
Rubber Goods Mfg
O
Lowest
Maris 204J'ne 38 4 Not
r.'6i4 Maris 13434 Feb 16 115
Mar 134 Oct
22I4 Jan 13 37 14 Apr 12
174J'ue 27 4 Oct
35 14 Jan 18 4334 Apr
Nor
2 14 May 38
5134 Jan 'Ao 65
Apr 12 32 Feb 57i4Noy
105 Jan
1224 Apr 4 87 4 Feb .•107H Oct
154 Apr
158 Mario 158 Aug H65 Nov
113 Jan
13778 Feb25
71 Mar 117 Nov
97 Jan
101=8 Feb 21 x864Feb 9S Deo
2 1 4 J an
50 MaT30
Feb 25 Deo
9
64 4 Jan 1
89 Mar31 42 4 Apr 69 Deo
204 Jan 2 23=8 Feb 3 15 May 25 Nov
41 Jan 2
48 Feb 23 3234 Feb 48 4 Nov
17 14 Apr 2
1934Marl3 144J'ly 22% Nov
39 4 Apr 2
48 Feb 1 37 J'lv 6234 Jan
2 4 Mar 13
24 Apr 2
214J'ue 32 Nov
25 -4 Feb 16 16 J'ne 25 Nov
2034 Apr 2
45 Jan 13 54i4Febl7 37 J'ne 49% Nov
487 -37
ailway Steel Spring.
Do
Highest
41
_
7,900
1,350
Pullman Company
Do
Lowest
3278 Jan 25
]
pref
American Linseed
Do
for I^eviout
Year (1904)
ti
Amer Hide & Leather
De pref
Do
Range
354 Uec
5,375 ri»li4Jan2" 104iaApr
67 Jan 9434 Deo
24i4J'ne
2,250 334 Feb
38 Apr
37 4 Dec
Nov
93 Mar30 97 Feb 1
8834 J'ne 97
"'273 '/2094Jau
246 Feb
ISO J'ne 219 Nov
210
Dec
5 Aug 14
74 Marl 1 14 Jan
950
9 Apr 20 114 Jau 14
2=8 Jan
114 Dee
Dec
4334
7,940 4534 Jan
4Mari7
114Jan
55
7i4Peb
700
934 Nov
5 Ai)r28
6 Dec
500 3514 Jan It 4134 April
2414 Max 42 Oct
1,660 15 I4 Jan 17 2234 Apr 17
7 J'ne 20=8 Nov
1"
150 36 Jau 19 48 4 Apr
22 4 J'ne 42 4 Nov
120,995 33 Jau 25 6II4 Aprl3 16 4 Jan 36% Nov
122=4 Apr 15
4,125 L 0334 Jan
754 Jan 105 Nov
400
«34 Jau 14
6 Apr 28
24 J'ne 9 Dec
2,900 23 4 Feb t 28 4 Mar
16 J'ne 29 Deo
372,300 7934 Jan t 12378 Apr 13 46 Feb 82 4 Dec
7,600 11114 Jan 1; 127 Apr f 8834 Jan 115 Oct
50 169 4 Jan 12 183 Jau 21 110 Jan 170 Nov
250 99 Jan
1014Apr25 85 Jan 99=8 Nov
18%Mar20
34J'ne I514 Dec
5.800 12=4 Jan
6,070 5234 Jan
26 J'ly 5714 Dec
67 4 Apr
12214 Mar 153 Nov
1493, Mar
60,300 137 Apr
200 13714 Janl7 140 Mar
123 Jan 141 Nov
600 143 Feb 16 148 4 Jan
121 Feb 1494 Nov
10,175 91 78 Jan 25 99=8 Feb - 85% Nov 96 Deo
34,980 20=8 Jau 26 404Aprl8 10 Jan 25 Nov
700 93 Jan 6 l084Mari5 69 Jan 9434 Deo
6,700 IO3I4 Jan25 130 Apr 13 61 Feb 1204 Nov
500 200 Apr 1 .i;215 Feb 14 185 Mar 229 4 Oct
420 107gJanl3 I6I4 Aprl8
5 J'ly 12=8 Deo
58 Mar 1 604 Jan 18 47 -8 Feb 6234 Dec
97',612 43
Jan 25 59 Mar24 25 4 Mar 58% Nov
200 85 Feb 10 105 Mar24 63 Apr 95 Deo
800 1434 Jan 25 18 4 Jan 30
8 J'ne 19 4 Dec
20,600 194 4 Jau 9 214 Mar 3 185 Feb 220 Oct
9,6f^L'
114Apr24 2234 Feb 7
934 May 264 Nov
2,898 5.1 Apr 12 79 Jau 10 65 Ma: 82I4N0V
15,670 j;3478 Jan 25 47 4 Apr 6 19 4 J'ne 404 Deo
2,300 SI34 Apr27 89 4 Feb 27 82 Nov 83% Nov
100 60 Jan 11 128 Apr 7 434 Nov 68 Deo
7,6;)0 75
Jan 5 07 4 Apr
71 Nov 90 Nov
10,070 173 14 Apr 28 192 Marie clol J'ne 1944 Nov
10,200 20 Feb 1 25 4Marll 10i4May 25=8 Deo
82^4 Apr 6 644 Eeb 7979 Dec
2,655 76 4 Feb
100 65 Jau 18 100 Feb 23 26 Mai 72 4 Deo
500 32 Apr 25 40 78 Feb _
28 Sep 41% Nov
600 83 4 Apr 28 88=8 Apr 14 714 Feb 87 Nov
3,285 544 Jan 25 6638 Apr 3 36 Jan 59 4 Nov
:s4
115% Jan 10 120'>4 Maris IOOI4 Jau 117 Nov
4,300 I8I4 Jan-.;0 314 Apr 5 14 Sep 234 Nov
220 89 4FeL15 94 Apr 19 75 J'ly 587 Dec
74,200 24i4Jan24 5 1 34 Apr 7
14 4 Feb 26i4 0ct
Standard Rope cfe Twine.
88 14 Tenn. Coal, Iron & RR..
86
42 Texas Pacific Land Trust
42
114 1238 anion Bag & Paper
1
88
43
Oil
pref
American Snuff.
1434145
97
*202
pref
.\iuerican Grass
Do
I
_
American Express
Do
600
597,685
2,670
Foundry 38,650
cfe
137 14 I39I4 American Sugar Refimii!!
13814 14238
143
Do
pref
American Cotton
34
!'6
ror Year 1905
ot lOU-share lots]
20 J236 Jan
1,700 14 Jan 2
8434
2634
•93
Range
On basis
illiscell
llis-Chalmers
Do pref
Do
143
96
&
Express
Adams
1.2
1
<fe
Do 1st pret
Do 2d pret
250
15
37 4 394
99141001a
334
9,3.'>0
pre!
1,200
1,600
5,190
6,995
47
4
900
950
6,100
Wabash
14
15I4
5i)4
15
a:8034
1,260
pret
Erie...
'246
246
l,145,0o0
UnltRysInv'tof SanB'ran
'
'8
600
1,100
2,160
3,765
15,895
lOU
& W. V. tr. ctfs
Do prel
1214 125 'e 121 '4 12334 Union Pacific
98
Do pref
984 98 4 98
37
3978
364 384
1064 10534 10534 IO5I4I07
110 114
1214 114 115
206
<1538
15,800
5934
60
•58
5734 60
60
60
50 4
5318
4978 5238
51
5238 533,
100
•100 104
•100 104
100 100
15 ,
16 164
16
1^
1638
16
16
16
199 1^2 204
203 4
201 la 20434 204 4 20634 200 205
ig
I3I4
1334
Ills Ilia
III4 1114
lli« 12
124
69 12
614 62 4
59
62
62
5934 61
591a 60
41'
42 12
41
41 14 42^8
42
4134 42=8
4234 4314
8178 83
83 12
83
83
85
8434 85
8I34 844
•92 120»4 109 109
106 111
•106 115
*106 114
97 la 99
964 98
99 101
97 100
10034 10134
176 17912 176 17814 17814 180 14 17634 179 '4 17314 1764
22 14 23
2214 2278
2234 23I4
214 221a 214 22
SOI2 801a
80 14
794 7934
81
80
80
801a 8078
*61
•6114 6l7g •6214 624
93
93
62
9334 9334
32I4 34
-30
35
32
32
33
33
85
•82
85 \ 84
85 la
834 83
84
86
84
6212
6II2 62
61
62 14 6278
61
61
6H4 611734 11734 •1174 119
1191a 1191a •1173411934 118 118
2838
28
28
28«8 28^4
2834
28
291a
29 4 30
?94i8 9418
*93
'92 la 94
93 14 •92
94
94
93
42 4 45 14
441a 48 14
4778
4338 46=8
431a 471a
46
'IO5I4IO8
IO514IO6
107 107
105=8 1074 1064 1074
155 .
157 la 157 la 155 1561a 155 15734 155i2l5i4
102 10234 101l4l0i7g 1024 104=8 101 41 03 14 ioi" 102 4
41 14 43
4034
41
42 14
llSg
39
42
39
427b
10412 109^2 10638 107'8 106 4 107 78 IO4I4IOO4 103 105
411-2 43
4034
43 'e
43
40
40 la 42
434 44
96«8 97
95 97
96
90-4
94
95
97
97
2iU 240 •240 247 §245 245
242 242 a;238i4 239 14
39I4
35
3718
37 14
37
36
35
38
36
3734
9^ 99 4
100 100
991a lOa
lOlia 1024
994100
19
2068
2038 21
2114 2134
19
21% 184 W'-s
79 -e
75 14
7034 781-2
7634 781a
75 14 78
72
79
3()-'4
3lia 3214
32
32 14 333^,
3014 32 4
291a 314
105 1061a 107 la 107
105 106
107 107 't 105 14 107
b7
89
88
84
89
891*
89
a3
88=8
86
115 115
101 125 *101 125^ • 105 125
•58
60
4978 63 14
Tol. St. L.
1711
Week
Shares
56 4 5734
Do pref. vot. tr. ctla.
11234 1144 Kill
112 Twin City Rapid Transit.
J246
15
58
8414
26^8
101
101
354
574
the
33 14 3414 'l^xas & Pacific
1 hird Avenue (N. Y.)
129 12
33
33
Toledo Railways & Light
4
33
33
2
Sales 0/
STOCK
EXCHANGE
Industrial
245
15'8
5934
8418
261a
35
Friday
April aS
12834
83I4
21
435a
17'C
83
26
3334
128
33
40
401a 42
39
•6
38%
60
II414II6I4
42
22^8
4934
36 4
131
35
"a
3578
129
45
250
83
225
1734
Wedne'iday
STOCKS
NEW YORE
2
.
'-4
i
1
9Si4Dec
Nov
Nov
Nov
164
107
55
Mar 1124 Deo
24i4May 4414001
67 May 92 Deo
9234
Feb2J- 209 Mar 244 Nov
4038 Apr 17
16 May 35 Nov
103 '4 Apr 15 7134 Mar 94 Dec
4
2 'b Apr 3
6 May 18 '4 Nov
87 4 Feb 23 37 May 73 4 Nov
3534 Apr 1
1434 Apr 2978 Dec
109 4 Apr 1 7434 Jan 98 Deo
118 4 Feb 24 314 Jan t:5%Nov
130 Feb 23 77 Jan 105 Deo
34 Mar
5
3 Jau 3
Nov
100 4 Apr 4 31=8 May 77 4 Nov
40 4Mar28 25 May 39 4 Nov
254
378 Aug
3
Apr 4 45 Feb
Apr 14
6 4 May
Apr 17 40 Mai
Feb 8 100 Feb
14% Jau 16
64 May
110 Apr 7
75=8 Jan
98 4 -Mario 43 J'ly
40 14 Apr 18
704 Apr lb 36 4 Nov
45 Hz Apr 7 10 4 Feb
U8 4 2Vpr 7 41 Jau
15
4 Apr
82
357^
9734
134
38i4Apr 7
Aprl8
104 78
»%May
5II4
May
1314N0V
I4 Nov
204 Deo
81% Deo
U28 Nov
2034 Deo
1064 Leo
84 4 Nov
75
404 Deo
344 Dec
100 Deo
33 4 Deo
95=8
Dec
39 Jau 3 2234 J'ne 44 4 Dec
110 Feb 20 97=8 Apr 116 Nov
524Feb-.'4 18 4 Sep 44 Nov
14 4 Apr 17
2% Nov 11 Deo
52 Apr 18 45 Doc 45 Deo
260 Feb21 5200 J'ne 250 Aug
y5i4Jau 4 85 May 944 Deo
184 Apr 6 153 Mav 185 Dec
197 April 180 Aug' 198 4 Nov
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Union KxchU 215
Ask
Bid Ask Trust Co's Bid Ask
720 730
90 100
Mechanicsll 340
Guaranty Tr 670 690
North Amer. 340 350
BBOOKLVN
N. T. CITY
(Vash-H'htsi; 210
220
Mercluuits'.. 140
Guardian Tr 205 215
Real Est Tr't 325
West Sidejl.. 575
Nassau
Knick'rb'k'r 1050
Bankers' Tr. 475
StandardTr't 390 410
Brooklyn Tr 120 435
390
JTorkvilleTl .. 400
Nat City
LawT l&Tr t325 t327 4 TitleGu.feTr 660 680 Flatbush
290 300
Bowl'gGreeu 215 220
210
BBOOia-YN
North Sidell. 300
Lincoln Tr... 56ti
BroadwayTr. 165 175
Tr Co of Am to77 '4
Franklin
345
BoronghH
120 135
People's^;
ijuion Trust 1410
Haiuilton
290
Central Tr'st 2200 2250 ilaulialtan .. 490 .tO.t
340
Broad wayli.. 300
ProspectPkTJ 130
Mercantile
990
510
City Trust... 1375
..
1010 USMtg&Tr
530
Home
150 185
Brooklyul .. 130
140
KiiigewoodT]. 140
Merchants'.. 100
Colonial
360 3S0
Unit States 1500 1530 Kings Co
475
150
Com'wealthi no
17tU Waidli. 155
MetropoUtau 635 645
Commonw'tli UOO
VauN'deuTr 300 310 L Isl L&Tr. 300 325
Con'yI&BBI 145
Unionii
190 200
MortonTrusl 900 925
235 245
Empu-e
Washington^ 140 460
Nassau
265 275
l^irst
390
WailaboutTI - 160
Equitable Tr 635 650
Mut. Alliance 205 215
200 210
Windsor
People's
331
Mannfactrs'. 365
Farm Lo <fe Ti 14t;5 1490 N Y Life&Tr 1050 1090
William sb'g. 240 245
» Bid and asked prices; no sales on this day.
i i^x rights,
c Ex dividend ana rights.
i Leas than li)U sli;in>.H.
1 Sale at Stock Exchange or at auotion tiua weeic
BauKs marked with a paragraph (H) are State banks
o Ex stock dividend, s Trust Co. certUlcj,ies.
United
Banks
BHOOKiYN
Bid
Ask
Trust Cos.
Bid
Ask
Trust
Fifth
C'o's
Ave Tr
Bid
Ask
Trust Co's
I
NewYorkTr
o 10
.
'J
.
New York
Exohange—Bond
Stock
Weekly and Yearly
Record, Friday
OCCUPYING FOUR PAGES
aos DS
STOCK EXCHANGE It
WkeX ENDrNQ APRIL 28
^. Y.
U
V
U
V
U
U
U
XJ
U
U
V. S. GoTemment
2s coiisolregi8tered.dl930
dl9S0
2s cousol coupon
kl^lb
33 reg;i8terea
fcl918
coupon
38
3s reg small Uonrta..fcl918
3s cou small bonds.. tel918
7il907
48 registered
/ll907
48 coupon
1925
4s registered
1925
48 coupon
S
S
S
S
S
S
S
S
S
Q-J
QJ
y-F
Q-F
Q-F
Q-F
.Mexico
ot
Speyer
&
Co
s
t
Last Sale
January
Ask Low
1954
'i'i
10479
10434
10434
1U6
107
Migfi
104^6
104->-
Apr '05
Apr '05
Currency funding 4s
Dist ot Columbia 3-65s
Loolsiana new consol 4s. .1914
North Carolina consol 4s. 1910
1919
6s
193c
So Carolina 4 >2S 20-40
Tenn new settlement 38. .1913
Small
Virginia fund debt 2-38... 1991
6s deferred Brown Bros ctfs.
"12
104 la Dec '04
1041a I0412
1043,
104^4 105 14 10434
132 132^4 1321a Mar'05
133 13334 133 Mar'05
110 Mai '05
109
96 ig Sale
95 Ha Sale
98
951a
I04\8ale
10434
99
96
105
100 14
96
100^4 Sale tOOi«
95 14 Sale
9514
hese a re pr ices n tlu h
j-j
j-j
101 Vj
IOII3
99 106
101 la Jan '05
109 14 Oct '00
1021a Mar'02
111 Mar'02
llbVa.
11934001 '04
105iaDec'O4
103 14 Dec'04
J.J
F-A
102
1271a.
.
A-O
136iaJ'ly'01
120 Mar'OO
96I4
961,
J-J
J-J
J-J
J-J
961a....
94
95 la Dec '04
....
97%
1038
97
12
12
Mar'05
Apr'D5
Rntlrond
Alabama Cent aee So By
laba Midi Hee At Coast Line
Albany <fc Susq Hee Del & Hud
Allegheny Valley A'eePeunKK
Aileg
West
<fe
Hee Buff
Ann Arbor 1st g 43
S Fe gen g
Atch T
cfe
R&P
/il995 Q-J
48.. .1995 A-O
Registered
1995
Cons g 4s (subscnps)...1955
/tl995
Adjustment g 48
Registered
/tl995
9912IOO
1908
X(jv
8av
b'
F-.\
96
991a Jan '05
98'aNov'04
97 Oct '04
1934 A-O
W
M-N
115»8
J-J
i)ti^
J-J
98
J-J
/il925 Q-J
Registered
Registered
PJun&M Divl8tg3>2Sl920
P I. E & W Va Sys ret
M-N
481941 M-N
SouthwDlV 1st gSi^s... 1925 J-J
Registered
Mouon Riv
/iiy25
g 5s. .1919
Ist gu
1st cg4'2S..193(; M-S
Pitts Clev <fe Tol Ist g 63 1922 A-O
Pitts
West 1st g 48. ..1917 J-J
J P
Co certls
CenOhio R
&
M&
125isNov'03
112«8 Jan'04
114i4 0ct '04
93 J'ly'04
9734 Oct *04
95
951-^
96
Nov'04
IO31-,
1021.?
100
Bat Creek & S Hee Mich Cent
Beecli Creek See N Y C & H
Bellev & Car Hee llUuois Ceui
Bklyn <& Montauk Hee Long i
Bruns & West Hee Atl Coast L
Erie Hee Erie
R & P gen g 58.. .1937
A11& West 1st g 48 gu.. 1998
Cl<fe Mah Istgu g 5s. ...1943
Roch <fe Pitts Ist g 68. ..1921
Consol Ist g 6s
1922
Buffalo <fe Southwest Hee Erie
Butt & Susq l8l ref g 48.til951
Bur Cedar R <fc No 1st 68.1906
Cou Ist <fe col tru8tg68..1934
Registered
1934
Istgu 58. 1921
<fe St L 1st gu g 78
1927
190b
Clanaila South Ist 5s
^2d 58
1913
Registered
1913
Carb ds Shawn Hee 111 Cent
Carolina Cent /See Seab Air L
Carthage & Ad See N Y C & H
10134
103 14
1U3
103 Mar'05
104
106
100
931a 9334 931a
931a
101 101 Apr '05
92 14 92I4 92I4
92^8
92i« 90^4 J'ly'02
io7 1^
105 Si Mar' U4
109
109
109
121 127
1191a Mar'04
98 la 99
98 Apr '05
103
1911 M-S
Conv deb 48
lOlia
951, Sale
ftl948 A-O
/il948 y-J
Gold 4s
112iaNov'04
115
101 la Sale
1421a
12b i«
113
78..193lj J-J
Ist gold 68.. 1934 A-O
W
99i4-lan'05
"98^9,
Sav Ist g
&W
97
9934 Oct '04
99iaNov'04
99 14 Dec'04
1911
Ist gold 58
NY
9c«f,
9738Feb'05
97 14
96'8
97^4
9939
F-A
1910 F-A
Ala Mid 1st gu gold 58 1928
Bruns <fe
Ist gu g 48 193b
SU Sp oca <fe G gu g 48 191S
Atlantic <fc Dauv Hee South Ry
Atlantic & Yadk Hee South Ry
Austin <fe N
6eeSou Pacific
Balt& Ohio priorlgS'^s. 1920
Buffalo
Buffalo
961a
i> 1
FA
K
1913 F-A
MS
East Okla Div 1st g 48. .1928
Atl Knoxife JS'or 1st gus.. 1946 J-D
Atliintic Coast 1st g 4s./il952 MS
&
OO's
I90i'
H
Charles
99=8
10238
102»8Sale
102\
A-O 100 la 102 V lOliaApr'05
J-D 102 IO312 103
103'a
Xov
7il995 M-N
Stamped
Debentures 4s Series E. 1907 F-A
series F
Series G
Series
Series 1
Series
No Low High
10434 10478
10 10434 10538
1041310434
1
104
104Ja9ak
to 5.. ..1906 j-j
1906
1906
1926
1924
106
Sep
104 la 105
10434 lOo'e
132 "a 133
133 133
109 Is 110
1-2
of $5 to £.
96
M-S
A-O
1181a
,
J-J
99
116
J-D
12 IH. Sale
12634
FA
J-J
105 llOS,
911a 931a
99 '4 101
33 92
931a
109
109
98I4
93
A-O
A-O
A-O
1
19 la Feb '05
1191a 1191a
103
1241a
,
126
Apr '97
124^2 12611:
12434 126
Mar'06
100 14 Apr '05
102 la Apr '05
llShi lib's
1201a Mar'Oo
Ill's.
112 la Sep '04
100 14
98
101 la 102 la
lib's 121'a
J-t)
J-J
103^8 Sale
M-S
M-S
106 la 106 1« 106
106
1031a
Apr '06
27 102 la 104
1C538 109
Apr'u5
10534 106
103'h
Ced R la F <fe ^f i>eeBCR<feK
Cen Branch U Pl8tg4s...l94b J-D
94 Jan '05
Qihi.
94
Cen Branch Hy See Mo Pac
Cen RU & B of Ga col g 68 1937 M-N Ill .... 112 Apr '06
110
Cent of Ga RU lat g 68..j>1946 F-A 11934..-.
121 la Apr '06
120
Consol gold 58
1945 M-N 116 lievj 116
116'4 24 113
Registered
Ist pre! income g 68
2d pret income g os
3(1 lire! iiiconie g 58
1945
.\i-N
pl945 (Jct
pl945 Oct
plUi Oct
'
114^2 107 J'ue'04
92 Salo
92
94
75i2Salf
7712
751a
59
61
02
62
30
94
112
1211a
II6I4
3(
90
67
37
521a
.UI.SCliM-AMiOLs*
Slreel ilnilwiiy
Brooklyn Rap Tr g 5s
1945
Ist refund conv g 4h
2002
BkCity Ist cou 58.1916, 1941
Bk y Co <fe S cou gu g 5s. 1941
Bklyii Uu El Istg 4-58.1950
Kind's Co El Istg 48
194!»
Stmnpcd gu.ir 4s
1949
Nassau Klec gu g 4s
1951
City & s Jty Bait Istg 6s. 1922
Conn Kydi L 1st & ref g 4138 '51
Den Cou Tr Co 1st g 58... 193:;
Den 'i"raiii Co con g 68. .1910
Met Ky Co Ist gu g 68. .1911
Del United 1st con g 4138.193.'
IiOUiB Ry Co Isl con g5H..193(i
Mel SI Uy gen col tr g 6».1997
Bway<fc7lhAv iHlcgSs ISH.'.
ColifcOlh Av IhI gu K 5m.1!I9:
J-J
J-J
M-N
Sale
8SI4 Sale
109
109
94
7814
62 "a
11 1081a 11234
8978 196 83 14 8978
108 14
1 09 13 Nov'04
106 Feb'05
106 106
Iu9 '4 Sale 109 '4 110 '4 15 109 '4 II3I4
91 'a
92 Apr'05
92
93
91% 921a 91 la Apr'05
91 la 96 '4
8734 Sale
8734
34 87
88
91
'.^
J-J
J.J
J-J
"98"" '10634
FA
JD
115
M-S
118
Sal
llKia.-..
Friday; iale»tpricotUi8 week.
95%
95'oMarO.:
J-J
ID!)
Miir'Ub
115
115
I
nCa Api
120'-^ 121
oDueJan
'or)
Aiir'05
<t
97
841a Sale
8
Due Apr
I
17'4
95 3^
120S
119»8l213j
«
1 la
84
Sale
102
98
la
81 'a
H334
81
Low
Jiiglk
9413
96
14 134
13634
2 1331413519
1 11234
116
10334 104 >a
10134 102%
Sale
1071a
50 10534 110
Apr '05
Feb '05
98>9'
97
113i»113i4
Sep '04
85
82
113
J
1111% 103'a'
37
08
Apr'02
86»4
801a 83 .,
8414
i1
101
11
y6i8Feb'05
9513
9618
102
98
'
96i«
1101411014
103% 103%
103
I0414 1 03 •'s Mar'05
10814 1081. 108'4Apr'O5
IO518
106 "a Feb '05
100
LOO Apr '05
II2I4
IO634
13434
-ii
113
10534 Aug'04
1IOI4 Jau'05
108 4 108 la 108
108H
HI 111
29 118ial22 /
Apr'Ol
Mar"u5
103
10434 Apr'OO
10 13, Mar'05
98
971a
10734
103'a
IO6I4IO8I4
1061a 1061a
Apr'O."}
100
100
107
108 ij
11134 112
Mai'05
lOO'sMar'oS
136 Apr'05
121 12134 121
121
II9I3 Mar'Oo
12013.
121 14 Apr'05
11134
10618
1331a 138
106
11834 122
1191311919
120 I2II4
1 131 137
"6 115 116«a
1091311019
178 187
lll'a
10934 111 \
HI Apr'05
112'all3'e 1121a 1131a 25 112 113»,'
135 Sale
11476
llOia
,
135
135
116 Feb'05
lluia llO'a
187 Mar'C5
111
i09iaJ'ne'04
9818
98 Is Jan '05
11613
11634 Apr'05
120 12014 11913 Feb'05
lUHlllia 1 11 "s Mar'05
11713
1171* Apr '05
11238
112 Mar'05
I32I3I33
115-<8
10614
185
1154
984 98 1.
11634 llfl»4
1191a li9i«
110
116
lia
111
10979
lieia
11434 117
Aug'04
185
115
183% 186
»
116
\
106
185
116
115
106% 106%
IIOI4 111
109i4l00^i
1161a 1167,
112181121,
109 78 Apr '05
11578 Mar'05
11214
112isApr'05
11718
116if Jan'Oo
12818 12914 128I3 1281a
104'-jDec'04
105'a
10578 102%May'04
11618116^
10 128
1291.
99 la 101
lOO'alOl'a 101 Apr '06
103 Nov'98
117
118 Apr '05
117
117 Feb'05
11134
llOiaApr'Oo
llOia
107 Mar'04
105341071a 106 Mar'05
lOlia
104 Mar'04
Ill 113 II314 Feb'05
111
10834 Jan '04
11913
11913 119'-2
115 "a Sale 1161a 115'a
I0314
loo's
10618
lli«B
11719
112«b
137iaJ'ly'9;t
11513 1151a
__ 106% Apr '05
111 Mar'Oo
1063,
Illinois let 68.. ..1910
118 lis
117 117
IIOI9II3
104i3l06'9
112 Ji iisii
11734113%
11519116'a
1041a Nov'04
105iaMay'04
le Mar'05
UOI4 Mar'05
130 Mar'06
II914 Nov'04
1O4I4
IO418IO7
104
no's
1801a
I2014
13238
I32I4
101
1421a
UOi^UOV*
12914I3O
Feb '02
1311a 13119
131i3Jan'05
Apr'04
Sep '03
103
109
106
12379 i237fc
123»e
I22>a
124 Nov'04
106 1310534 IO6I3 106%
96 "a Sale
100=8
96'4
97%
97 1«
9634
aev,
82 7e Sole
92 la Sale
110'4
109
1 rn'ii i26"'
'29
107 Jan '03
95 14
9534 1»1
IO414 107
90>,
O6I4
l01i4Sep'04
97 J'ly'04
96 May '04
93 May'04
94 Deo '04
90 May'04
84 668 811, 86
82%
76 Hi Sep '04
98>, 74 92
97%
92
110 116%
llOiaApr'05
116 116
115 Apr'06
95 Sep '04
109 la Apr '05
io9"* ii'wi
91 Apr'05
120 la Mar'05
9513
96
9419
12019
87",
lieiallSia
on Next Pnae.
Railway
Ry—<Coji;Ref g 4s2002 A-O
Lex Av P F 1st gu g 5a 1993 M-S
90'-j
St
<fc
Third Ave Rli con gu 4s 2000
Third Ave Ry 1st g.5s. .1937
El(Chlc) lstg48.193,S
Mel
Mil El Ry & L 30-yr g 58.1926
.Minn St Ry Ist con g 5s. .1919
.SI Jo KyLtll&P Istg 63.1937
St I'aul City Cab con g 58.1937
Underground Elec Rys of Loii
(Ion ProUl sharing f>H...llH)S
WS
J-J
11719
96
Sale
J-J II8I4
96
F-A
FA
US'*
113
.
.M-N
102
.
J-D
9913 100
109 la Dec '99
8^34
H834
9934 Sale
(Chic)
Due Muy (/DueJ'ne ADueJ'iy
118'4
110
(Jrh nnd Electric I<ii{ht
Atlanta (i L Co Isl g 58. ..1947 J
947,
Feb'05
Oct '99
106'aNov'04
J-J *113'4.
RRs San Frsl
901a
117
95
106
J-J
Islg 5s..l94;) A-O
43.1927 A-O
Unitetl Rys St L 1st g 4s. 1934 J-J
W Chic SI 40-yr cons g 58. 1936 M-N
I'Jl
103
113
03
98_
113 '4
95 '2
103
Incomes
1911
Chic Rock Isl & Pac 6s.. .1917
Registered
1917
General gold 48
1988
Registered
1988
1934
l8t& refunding g48
trust
Series
Coll
C3 48 .. 1906
1910
H48
M-ls
1915
1916
N 48
1917
48
1918
P48
Chic R I & Pac RR 4s. .2002
Registered
2002
1913
CoU trust gold 58
gen
G
CUoo Ok <fc
g 68 .01919
1952
Consol gold 5s
Des M & Ft D I8t2ia8..1905
1923
Keok & DesM Ist 5s
Union
108i« Mar'05
111 Feb '05
120
122
1171a Oct '04
IO718 103
106
10834 llu
120 Sale
113'a
107 la Sale
1063<
981a
110'4
MU
Met
105
113
St Paul Ist 68 1909
Winona* St Pet 2d 78.. 1907
L S <fc West 1st g 68 1921
Ext & Imp 8 fund g 53 1929
Ashland Div 1st g 68. .1925
Mich Div Ist g 6s
1924
Convertible deb 6s
1907
United
95
S
CF&
BONUS—Continued
88
99i.jio2% 10634 Apr '('5
95 J'ne'OO
104 "a
..
1913
1915
Chic <fe Northw cons 7s
1886-1926
Extension 48
Registered
1886-1926
1987
General gold 3 las
Registered
pl987
Sinking lund 68.. .1879-1929
1879-1929
Registered
Sinkuig fund 68. ..1879-1929
Registered
1879-1929
1909
Debenture 5s
1909
Registered
1921
Debenture 5s
Re^slered
1921
1933
Sinking fund deb 6s
1933
Registered
Des Mo & Minn 1st 78. .1907
MUw & Madison Ist 68.. 1905
Sti-eet
A-O 109
O
Ist consol 6s
Ott
1241a
100
,
-O
& Minn Div g 58.. ..1921
& No 1st M L 6s. ...1910
North
,
,
Mil
Jiioh A'o
94 "a Apr '05
104 Feb'(i4
102 J'ne'99
Since
January 1
104
R&
Wis
"04
10208 103
lib's 123
99
J -Li
....
Leh & WUks B Coal 6s. .1912
Con ext guar 4ia8
{^1910
NY'* Long Br gen g 48 1941
Range
5.='
Ask Low
11234
SouthwestDivl8t63....1909
4b 10238 IO5I3
103 10418
Last Sale
li)7'4 Aug'04
1131a
1351a Sale 13513 135'..
134 Is 134 \ I34I4 134 '4
114
115
115
1051a
104
104 'a Mar'05
10134
102 Apr '05
Mobile Div l8tg58
1946
Gent of N J gen'l gold 58. 1987
Registered
A1987
Am Dockife Imp gu 68. .1921
Le& Hud R gengugSs 1920
I&D
941a
Week's
Hanye or
94 «8
112
Craig Valley Ist g 58.. ..1940
A Div Ist con g 43.. 1989
lOlialOl^a
1989
2d consol g48
Warm Spr Val 1st g 5s. .1941
Greenbrier Ry Istgu g Is '40
Chic & Alt RR ref g 3s. ..1949
Railway 1st lien 31^8. ..1950
1950
Registered
Chic B <fe Q— Ch & la D 6s 1905
1922
Denver Div 48
1949
lUinois Div3ia8
96I4
96
1949
Registered
1949
Gold 4s
971*
97
Iowa Div sink fund 5s. .1919
lOijj IS's
1919
Sinking fund 48
Nebraska Extension 48.1927
1927
Registered
1921
Southwestern Div 48
Joint bonds See Great North
1913
Debenture Ss
Han & St Jos consol 6s. .1911
Chic & E 111 1st 8 t cur 63.1907
39 96ial00ia
1934
1st consol g 6s
163 102% 105
1937
General consol IstSs
100 la 102 la
1937
Registered
"30 103
103'a
Chic <fe ind C Ry 1st 58.1936
33 9458 9734 Chicago & Erie 6'ee Erie
9738 Chic In <fe Louisv ref 6s... 1947
'12 931a
9468 98
Refunding gold 5s
1947
Louisv N A <fe Ch 1st 68.1910
Chic Mil <fe St Paul con 7s 1905
1914
Terminal gold 58
991a 991a
General g43 series A..el989
Registered
el989
General g 312S series B.el989
99 14 99 14
Chlccfe LSuDlvg5s....l921
Chic & Mo Riv Div 5s. ..1926
19 100341031a
1910
Chic& Pac Div 6s
1921
CMc& P Wlstg5s
1916
Dak & Gt So g 5s
1924
Far<fi! Sonassu g 6s
1910
Hast & D Div Ist 73
1910
lsl5s
1908
Eitenl8t7s
1919
LaCro88e& D let 58
Mineral PomtDiv58....1910
1910
So Minn Div Ist 68
54
JVice
Friday
April ^8
Bid
Central of Qa,—fContinued)
Chatt DiT pur men g 48.1951
Mac <fc Nor Div 1st g 58.1946
Mid Ga& Atl Div 58
1947
Cent Pacihc 6'ee So Pacific Co
Chas & Sav See Atl Coast Line
Ches & Ohio g 68 ser A..ftl908
343 94ial0.^ia
Gold 6s
al911
131
9018IOH4
Ist consol g 5s
1939
19 103 14 108
Registered
1939
26 tlOO lOlig
General gold 4ias
1992
5
9334 96
199"
Registered
<fe
CRIP&N W
M
•No price
1
J'ne'02
8tate Secnrities
Alabama class A 4
Class B5s
Class C 4s
BOND.S
STOCK EXCHANGE
Week Ending April 28
N. Y.
103
Q-J
debt.. M-'s
OS o£ IXHit
^'
Ctfs 4s
Since
'.J
QJ
Repubof Cuba 58 esten
>•
£ange
104'8Sale
104»s lob's
104 104
105 106'.
Foreign Government
Japanese Govt 6s 8terrg.l911 A-0
2d series 68 ctts full paid
U
WeelCs
Range or
Bid
Q-F
Q-F
PliUippine islands 48.1914-34 Q-F
S
J^rice
Fridav
April 28
8b "3 89
'89 1«
86
89
99
90
96
87
1001*
J'ly'04
'4
89 '4
Deo'07
73
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91
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fcDueAug oOue Uot
p Due Not
fOptloa
mM
.
Apr.
Bond Record
29, 1905.]
STOCK EXCHANGE
Week Ending Apbil 28
»-5
N. T.
OWc St L
M O con 6s.. .1930 J-I>
1930 J-D
Cons 68 reduced to 3
ChStP* Mtnn lstg6sl91S M-N
.193(1
J-J
Nor Wisconsin Ist 6s..
St P & S City 1st g 68.. .1919 A-0
<fc
"-^b.
Chicago Ter Trans g 4s. ..1947 J-J
Oonpon off
West Ind gen g 68 71932 Q-M
Mich See Pere Marq
Chic <fc
Choc O <fe Gulf /S«« C R I & P
oonsol s I 78...1906 A-O
Cln
Chic<fc
W
HAD
1937 J-J
2d gold 4»28
Ist gu g 68.. .1941 M-N
Oln D &
J-J
48.1953
l8t
gu
Oln I & W
g
8t L & O
O C O St L
I
81
In S & C
/See
St
Since
Last Sale
January 1
JLak
Low
137
13718 Apr'05
94 >4
93 Dec '03
136
ISS^B 1357s
12934 Mar'04
131
123 »a Sale 1231a 123
97
97
98
95 Apr '05
116 Feb '05
lli^a.
13378138
135
98
do
117
93
13578
8 123 '3 1261.,
10 86 14 99
8438 97 14
116 116
-1,
1041a Deo '03
....
•«..
113
Oct '00
.
...
118»2 ll7>aApr'05
1021^10312 103
10034 ....
IOOI4....
102'4....
<fe C consol 68.. 192(1 M-N
I
_..A:1936 Q-P
1st gold 48
A;1936
Registered
con
Ist
Cln S <fe CI
g 58. .1928 ?:!
1914
<fe I consol 78
1914
Consol sink fund 78
General consol gold 6s. 1934
Registered
1934
Ist pref 48.1940
Ind Bl &
J-D
J-D
J-J
J-J
AC
W
OInd & W 1st pf 58...i«1938 Q-J
Peo<fo East 1st con 4s. ..1940 AC
1990 Apr
Income 48
& Wh con 1st g 5s. 1933 AC
Clev & Marietta See Penn RK
Clev&Mahon Val g 58... 1938 J.J
Clev & Pitts See Penn Co
1947 J-J
Col Midland 8t g 4s
Colorado & Sou 1st g 4s... 1929 F-A
Colmn & Greenv See So Ry
CI Lor
1
10034 100*4
lOOSgMar'OS
103
100 Oct '04
98ial003g
lOOTslOS's
9934
Feb '05
99»4
9934
94>aAug'03
105 Jan '04
101 la Apr '05
.
lOlij.
114
124
114i4Apr'05
123 Dec'04
1341a.
134
il2'"il4i4'
<fe
Dak &
134
134
100
99
99
72
75
112>aFeb'04
sale
119Ja
4
96
1161a Jan '00
75 Sale
93 °B Sale
75
931a
7512
943s
98
72
100
84
116iall6ia
38
63
7334
77
9014
961a
Pas Rivs Ist g 4s. 1943 A-0
& St P
Gt So See
aUafl
CM
See M K & T
& Waco
Del Lack & Western 78.. .1907
Morris <fe Essex lst7s... 1914
1915
Ist consol guar 78
Registered
1916
2000
Ist ref gu g S^s
N Y Lack & W
1928
improve 4s. ...1923
Syr Ring «fe N Y Ist 7s.. 1906
Warren Ist ref gug3»28.2000
Del & Hud Ist Pa Div 7s.l917
Registered
1017
Alb & Sus Ist con gn 78.1900
Guar gold 6s
1906
Rens &
Del Riv
Denv<&
J-D
J-D
<fc
F-A
M-N
A-O
F-A
M-S
MS
A-0
A-0
Saratoga let 7a.l92] M-K
RR Bridge See Pa RR
R Grist con g 4s. 1936
Consol gold
108
....
Mar'05
129m30'2
12934 12934
130^4 13II4 ISO's Apr'05
130
Jan '06
1293s
11134
10334 105
10434
1293s Mar'06
13433.
13334 Mar'04
103
10184
142'%.
149 Aug'Ol
104 14 Dec'04
10234 Apr'06
142 la Mar'05
108
IIOI4
128 "a 12934
130^,13078
130
130
1291812938
114iaJ'ly'04
103^ Mar'05
107
102
.
Mar'05
Feb '03
IOII4 10034 Apr '05
J-J
1936 J-J
Improvement gold 58. ..1928 J-D
Bio Gr West Ist g 48. ...1939 J-J
Consol and col trust is 1949 A-0
Utah Cent 1st gu g48 al917 A-0
Rio Gr So gn See Rio Gr So
4'-js
DesMoi&FtD SeeCR&IP
Minn See Ch & N W
Pes M
Des Moi Un Ry Ist g 6s.. 1917
DetM&Tol -SeeLSc&MSo
Det & Mack 1st Uen g 4s. 1995
108
J-D
1st 68.. .1921 J-J
Construction 58
Term
M-S
M-N
108
108
108
107 "clog's 1091a Apr '05
991^100
991a 100
90
9134 Apr'05
92
93 1«
97 Jan '02
103
105
10634 1071a
Range
Dnlifc Iron
Registered
2d 6s
Dul So Shore
<fe
104
J-D
1996 J-D
1951 J-D
98
MS
A-O
AC
1937
1916 J-J
All g 58. .1937 J-J
East Minn SeeStPM&M
aat Ten Va & Ga See So Ry
110
10234 106 Is
142ial42ia
100 102
108 109 12
108 110
9313100
89
941a
&NY
Sep '04
96iaApr'05
8I34 Mar'05
93
II414
Sale
921a
1141«
9212
11438
115
115
120
18t cousol
1201a.
120
M-K
M-S
M-S
A-O
10834 112
114^1. ...
114 J'ne'04
11334 J 'ly '04
1081a....
109
M-S
M-S
J-J
J-J
gen Uen g4s..l99tj J-J
Registered
199H
Penn coll tr g 48
1951
60-year conv 4a A
1953
Buff JSI
Erielst73..191(i
gold 6a
Bufl & S
1908
Chic& Erie 1st gold 5s.. 1982
Jeff RR Ist gu g 58....al9oy
Long Dock consol g 68.. 1935
Coal&RR 1st cur gu 68.1922
Dock<& Imp Ist cur 68. .1913
N Y «& Green L gu g 58.1940
Sus&
1st ref 6s. 1937
2d gold 41-2S
1937
General gold 5s
1940
Terminallst gold 5a. ..194
Regis $5,000 each. ..1943
MidRKotiS- J 1st g 68.1910
Wilkifc Ea 1st gug 6s. 1942
Brie & Pitts See Penn Co
Y&
W
W
NY
11713 B'eb'05
10434....
103 Feb '05
134 135>2 133 la Mar'05
131=8
30 Aug'03
102 Sale 1011.2 102
981a Jan '04
93 1^4 Sale
93 14
92^8
88
F-A
A-0
J-D
941a 3alc
106^8 Sale
127H.
J-J
105
123»4l24
10234
106
110
12312
,
II4I4II6
M-N
II712
II6I4
95
107
105
Mai'05
1231a
Feb '05
13 6 14 Mar'05
18 J'ly'04
9i""93ii
9414 971a
9534 111
1261a 1261a
110
105
121131231!!
105
105
13434 1361a
10978 1097g
11938.
117 117
11414116
108ial08ia
1IIISSCELLANEOUW
118
Detroit City
lOOialOli... lOlia
69
173
Saie
118
69
177
106
118
69
180
Apr'05
See
PG
No price Friday;
H
W
Tex Cen
11334 114
105
Mar'98
11334 Sale
11334
11418
91
1081a 1141a
1021a 1051a 105 la Mar'05
1041a 1061a
9034
99»4 Sale
Q-J
J-J
.
90
85
9984
981a
IO412 105
99 7f 423
98'..
6
Mar'Oi
91
100
A-O
99 lOlia
98ial01i8
103
10534
IIOI5
106iaJ'ly'04
109
Ill's
100
Apr'05
100
100
113
Nov'04
103
103
105
l»7»fl
Ulia llOVj
J-J
J-J
See So Pac Co
IUinois Central Ist g 4s. .1951
Registered
1951
Ist gold 3ias
1951
Registered
1951
Extended Ist g 3138
1961
Ist gold 3s sterling
1951
CoU Trust gold 48
1952
Registered
1962
L N O <fe Tex gold 48 ...1953
Registered
1963
Cairo Bridge gold 43
1950
liOmsvillo Div gold 3 "aS- 1953
Middle Divreg58
1921
Omaha Div Ist g 38
1951
St Louis Div gold 38
1951
Registered
1951
Gold 3ia8
1961
Registered
1951
Spring Div 1st g 3ia8...1951
Western Lines 1st g 4s. .1951
Bellev & Car lat 68
1023
Carb & Shaw 1st g 48. ..1932
Chic St L <fe N O g OS.. .1951
Registered
1951
Gold 3ias
1951
Registered
1951
Memph Div Ist g 48. ..1951
St L Sou Ist gu g 48
1931
Ind Bl & West See C C C <fe St L
Ind Dec &
Ist g 58
1935
Istguargold 58
1935
Ind lU & la Ist g 48
1950
Intife Great Nor Istges.. 1919
2d gold 58
1909
3d gold 48
1921
Iowa Central 1st gold 6s. .1938
Refunding g4s
1951
J ell er son RR See Erie
A & G R See L S & S
Kal
an & Mich See Tol <fe O
K C Ft S cfe
See St L & S F
1131a Har'OO
10342.
103
94
101 4,
106
105
.
.
1051a.
IO6I4
95 14
97
109
811a.
95 14.
103
Mar'03
9914 Oct '0.3
70 Oct '04
10789 Mar'06
102 Oct '01
1051a Apr '06
101 Apr '04
1061a Mar'Oy
9478 Apr'05
123
86
85
ioi'i^ioe""
9434
May '99
9618
851^" 86"*
Jan '05
Nov'04
96 Mar'(i5
101 % Oct '99
100 Nov'OO
951a
96
106 "a
10534 Nov'04
12434
124 la Apr '04
.1031a 90 Nov'98
i26'
125 Feb'O*
123
11934 Mar'04
9538.
93«8Muy'04
.
123141a*
.
108
102
UOiallO«B
llO'aJan'05
103 14 103 Nov'04
109 14
106
Mar'04
I0714
1071a
Dec '02
100
100 Mar'05
122i2Mar'0
1221a
101 Sale 101
102
76
77
76
76
115 Sale 11434 115
85
85 Apr'05
99*^100
121
100
12213
lOSV*
7038 81
II414II6
88
85
M
M
C
& Pacific
SeeStL&SF
See M K & T
701a Sale
7014
63
71
Oct '00
86
701* 76i«
Keok & Des Mo See C R I & P
KnoxvUle & Ohio See So Ry
Iake
-i
W
l8t consol gold 4a
ftl931
General gold 48
Ferry gold4'as
Gold 4s
1938
1922
1932
1949
1934
1949
Unified gold 4s
Debenture gold 58
Guar
ref gold 48
Bklyn& Mont Ist
N
g
l8t58
68.. 1911
1911
V:B€fi;MBl8tcong6sl936
gos
1927
Nor Sh B 1st con g guos 01932
Loni8iana& Ark Ist g 5s. 1927
Louisv & Naahv gen g 68.1930
Gold 58
1937
Unified gold 48
1940
Registered
194tt
CoU trust gold 58
1931
6-20-yr col tr deed g 48.1923
E H & Nash Istg 6s
1919
Ist
J-J
11838ll91.i lie's Apr'05
117'all9»4
J-J
116
11614 Apr'05
Ii6'all77e 120 Feb'05
11288 II6I4
1171a 120
10959....
109»8 Apr'05
11034 lllOg 11078 1107(.
105 Jan '04
119
1171a Apr'05
1104
109 la Oct '99
1141311534 108 Deo '04
99
9908 99 Jan '06
10314109'%
10 UOialllia
A-O
M-N
J-J
J-J
A-O
A-O
J-J
MS
M-S
A-0
A-0
105 -a.
104
.
Q-J *117ia
n
1171a 119'%
99
99
1061a Nov'04
117isll7ia
117iaApr'05
101
10134
lOlia
M-S
J-D
M-S
J-D
M-S
M-S
M-S
A-O
M-S
96
100 14 Id's
113=8
102
107
Sale
IO4I4
11341
101
105
Apr '06
102
102
Jan
110
IO514 Mar'03
112 Mar'O-J
1071a Sep '04
Q-J
Ill's
109
M-8
106
ii'i" 122
12oia
I0314 bale
IO514 Apr'05
122
122
1191a Feb '05
103
1031a
10178 J'ne'04
J-D
M-N
J-J
J-J
101
106
'06
99i4 0ct '04
101
101
110 J'ue'04
10I\
106
100 14 103
101 "a 10334
Nov'04
1041a
119
117
34 1021a
Hl57g
122
1191a
104
M-N
115 Apr'05
11473115^
97 78 Sale
A-O
9a
26 97'al00\
977e
J-D 116
|n4ia Jan '06 .... I14iall4'«
on Next Page.
100
1021a
NYGELH&Pg
Purchase nloney
g
<fe
latest bid and aakedthU
week.
891a
9134
10913109 la
5s. ..1948
4b. ..1949
6s.. 1910
Ed El lU Istconvg
1st consol gold 53
'.
*
Oct '04
Apr'05
nnd Electric Ijight
LacGa8LofStLlstg58.el919 Q-P 109*4 Sale
iieiaiia
MUwaukee Gas L Ist 4s.. 1927 M-N 931a
73
66
17414I8714 Mnt Fuel Gas Co See Peop Gas
J'ne'03
M-S lllia.
112 Nov'03
C Co
Oas<& ElecBergCoog58.1949 J-D
61 "a Oct '01
Gen Electric deb g 3ias. 194" F-A 891a.
89 la Apr '05
*lr Rap G L Co Ist g 6a.. .1915 F-A
10734 Dec '00
Hudson Co Ga3 1st g 5s. .1949 MN il'ii4
109 'a Feb'05
Kan City (Mo) Gas Ist g 58 1922 A-0
100 Oct '04
Kings Co El L <fc P g 58. ..1937 A-O
i^urchase money 6s
1997 A-O
,125 I26I4 Mar'05
Bd El II Bkn Ist con g 48 1939 J-J
941a
941a Sale
941a
Fuel
Apr05
L01U
<>R9
KdElIUBkn SeeKCoEL&P
<fe
114
104
114
N
BONUS—Continuecl
BdElUSeeNyG&ELH&P
BqG LN Y lat con g 53. .1932
Kq G
Han
N Y& R B
108i2l09ie 1(»8 la Apr'05
112 ....
lOy'eJan'06
.
Term
Gt Nor—C B <fe Q coU
EIC&N
109 111
117iall7i2
110
17
16
W J-J
See St L S
tr 48 1921
Registered. A
1921
Greenbrier Ry See Ches & O
Gult<fcSIl8tref<fetK5s 61962
See C B & Q
<fc St Jo
ousatonic See N Y
H <fe H
Hock Val 1 St consol g 4 las 1 999
Registered
1999
Col <fe
V 1st ext g 4s. .1948
Houst E &
Tex See So Pac
Gray's Pt
Erie &
let g 5s. .1937
2d gold 68
1941
North Ohio lat gu g 58.. 1945
II418
LShocfeMichS See N Y Cent
Lehigh Val (Pa) coU g 68.1997
Leh Val N Y let gu g 4iaa.l940
lllVjllS
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
II718I20
1941
Leh V Coal Co Ist gvi g 5s. 1933
Leh <fc N Y Ist guar g 4a. .1945
Registered
1945
10712 109
1st g 1st pt 63.1914
117ial]7ia
Gold guar 6s
1914
Leh & Hud R aee Cent of N J
lOlialOS
Leh & Wilkes b See Cent of N J
133 137
Leroy & Caney Val See Mo P
100 10334 Long Dock See Erie
Long Isl'd— 1st cong53.ftl931
961s
Jan '05
Apr'05
04 Dec'04
10
110
17 la Jan '05
,
Electric Light
Bklyn U Gas 1st con g 5s. 1946 M-N
Buffalo Gas 1st gos
1947 A-O
Cousol Ga-s conv deb 63
1909 J-J
See P G <fe C Co
Gasg5s
1923 J-J
Del Gas Co con isl g 58...1918 F-A
97
84
95
70
90
114
13iiNov'03
Gas and
Consum Gaa
114 ....
10458.-.
114 ....
UiQh,
12318)2414
IO6I4IO6I4
114 116
N
Nov'04
_264 Mar'05
,
J-J
F-A
F-A
M-N
M-N
A-0
J-D
941a
,
A-O 13414
M-N 116'4
J-J
Apr'05
114'-2....
J-J
M-K
A-0
No
Higtt
1231a Mar'05
106^4 Apr '06
<S'ee
City Sou 1st gold 38. .1960 A-0
Registered
1950 A-0
Kentucky Cent See L &
'04
M-N
J-D
Since
a;? January 1
123»8....
10534....
90
A-O
Last Sale
,S'ee
<fe
KC&MR&B
Kan
100
101
961a
8O34
115
Sep
of
Blgin Jol & East Ist g 6s. 1941
Elm Cort <fc JSf o See Leh
Brie Ist ext gold 48
1947
2d ext golcr6s
1919
8d ext gold i^a
1923
4th ext gold 58
1920
6th ext gold 4s
1928
Ist consol gold 78
1920
1st consol g fund 73
1920
Erie 1st con g 4s prior. .199ti
Registered
1990
/lalHar&SA SeeSoPacCo
^ Tal H & H of 1882 Ist 58.1913
Georgia
Ala See Sea A Line
Ga Car Nor
Sea A Line
Georgia Pacific
So Ry
Gila V G
Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR
Kan
M-N
48. ..1941
1st 68. .1937
A-O
W
<fe
Gold 4s
Det Sou 1st g 48
Ohio Sou Div Ist g
Ist g 6a. 1930
liv<S> Ind Isicon gng68..1926 J.J
H^argo <fe So See Ch M & St P
lint & Pere M
iS'ee Pere Mar
Fla C <fc Penin See Sea Air Line
Fort St U D Co 1st g 4ia8.1941 J-J
Ft W<fe DenC Ist g 68.. ..1921 J-D
Ft Wife RioQr Ist g 4s. ..1928 J-J
Honst <fc
Feb'06
W
<fe
Conn
68.1921 J-J
1942 A-O
l8t general gold 5s
Mt Vernon Ist gold 68.. 1923 A-O
or
Ask Low
Bid
& T H let cons
.
lOlialOlia
104iaNov'01
98'a
98I4
99
72
114
104
101
10234
97 14.
100 .
lOtt's
IO315
reb '05
10034
Hock Val See Hock Vai
Conn Term See JSf <fe
<fe
ApHl 28
Range
Weefc's
Range
<fe
J-J
J-J
WW
O St L
Price
lYiday
<fe
117iall9
93
991a
99 1* Apr '05
....
J-D
St L Div lat col tr g48..199() M-N
1990 M-N
Registered
Spr & Col DiT Ist g 48.. 1940 M-S
Val Div l8tg4s... 194(1 J-J
CCC
BONDS
STOCK EXCHANGE
Week Ending Apbh. 28
SnU Co Branoh
-
1713
2
K. Y.
High No Low Migli
Li
& Mah -See B R & P
Olev Cin C & St L gen g 48 1993
1939
Cairo Dlv Ist gold 48
Cin W & M Div l8tg 48.1991
Clearfield
Col
Col
Range
<fe
CCC
S««
WetK'a
Range or
Evans
Hee Penn Co
Pitts
<fe
Chic St P
JYtee
Friday
April 28
Bid.
CJhic&StLi iS'eeAtchT&SaFe
Cliio St li <& N O See 111 Cent
—Continued—Page
J-D
F-A
1995 J-J
F-A
M-N
A-O
M-S
ChG-L<feCkel8tgug68 1937
Con G Cool Ch l8tgTiB58.'3()
Eq G <fe F Ch 1st gu g 6s. 1905
Mu Fuel Gas Istgu g 5s. 1947
J-J
1071a 108
10834
108 1081a
lOlTg
J-D
J
-
J
M-N
Syracuse Lighting 1st g 5s. '51 J-D
Trenton G <fc El Ist g 53.. 1949 M-S
126 127
94Vj 94V, Westchester Llght'g g 58.1950 J-D
12
108i«109^
92 '4
92 •«
1111...
Ill "a Sale 111
8 110 1111,
93
9384 93 »4
9378 20 93I4 97*4
103'8l05 10334 Apr '06
103'8l05»4
118«8
119 "a Apr '05
118'all9'a
106'4l07 106 Mar'05
106 108
101
100 Mar'04
M-S
NY<fcQElL«fcPl8lCong5sl930
N Y <fe Rich Gas 1st g 5s. 1921
Peo Gaa & C 1st con g 6s. 1943
Refunding gold Ss
1947
1091a 10934
9214 Jan'05
107
100
'
1233»Apr'05
109 Apr'05
109iaApr'05
109 14 Apr'05
102 Apr '06
107 V, 1071a 107'a
11078 11078 Mar'05
11141131* 113
Jan'05
aDaeJan bDaeFeb dDaeApc «DueM.ay ADaeJ'lr A:DaeAaK oDaeOct |Dae
]pe«
123^12718
10814 109
108 110
107 "4 110
100>al02
106 "a
1074
110i4ll2"4
IIII4II3
(OAtionsal*
.
—
9
.
Bond Record— Continued— Page
1714
STOCK EXCHANGE
Week Ending Apeil 28
Y.
JI.
(Continued)
<fe JSashv
LCincfe Lexscold4>28...103]
19SU
l8tsold6s
19X0
2d gold 6r
l!J O <fe
PensacolaDiv gold 68. -.1920
1921
8t L D\T Ist ?old 68
1980
2d gold 3s
XiOnisT
^O&MM
sug
5s. ..1937
H'eefc's
Range or
Last Sale
Biqh.
Ask Low
110'4
109 Mar'05
131^4 Sale 131% 1313-.
12634 12SI2 121! 1-2 Feb'05
Bia
M-N
J.J
J
-.7
M-F
M-S
M-S
M-S
Render Bdgelstsf .!j6s.l931
Kentucky Cent eold48..19S7 J-J
LA N & M & M 1st g 4 "28 1945 M-S
L<&N-South M Joint 4s. 1952 J-J
NFla<fe S 1st
Price
IVidav
April 28
F-A
Pens & Atl Ist gn g C8..1921 F-A
8 <fe N Ala con gu g 5s..l93li F-A
191(i A-0
Sink tund gold 68
Wl-S
LA Jeff BdgeCogug48..1946
Ij N A <fe Ch &«f C I & L
Tl ahon Coal 6e« L S & M S
JU-anUattan Ry consol 4s. 199li A-O
199ti A-0
Rocistered
112
121
lOO'f,
101
108
96
110
97
llo
J-J
1934 J-U
Metropol El Ist g 68
ManSW
Coloniz g 5s
McK'pt <ft B V
iS'ee
NY
NY
N
&W
MU
MU &
Nov'99
98>2l01i4
110 110
06
97
113 115%
11212 113
116% lie's
Apr '05
Feb '05
11514 Mar'()5
1041^ Sale
U14I2 1041-2
104 Apr '05
108
6s. ...1911)
22
Sale
14
16
950.
95
7612 Sale
FA
M-S
M-S
J-D
N
73 'a 79
75
76%
2II2 261a
14
17'8
Mar'05
94-2
98
90-''8J'ly'OJ
May'OO
106
M & P l8t 58 stpd 4s int gu 1931)
MS8M&Al8tg4intgu 1926
Minn Tin See St P M &M
Mo Kan & Tex 1st g 43.. .1990
J-J
U2i8
II9I2
113^4
117
117
9 6 12 sail)
.u,»i'05
961a
100^4 IOII2 100 12
97
la
98^8
102 14 Sale
85
86
cS;
Feb'05
108
96
107
108
95
95
110 Mar'05
lo4i8Apr'05
J-J
iVl-N
961-v
107
117 1.2 Apr'05
1161a 117
117
Oct '03
95 12
96
109''4
94
95
96Sg Sale
102
J-J
J-J
J-J
11438..
93'2
97
J-D
128
124
9439 95%
112i«
111
3 104 78 108%
14 106 1091-^
107 "a I0712
26 10412 10838
1051a 107
31 123
i25B8
5 loe^a 11038
96'^4
llli2Mar'04
93 14 Apr'05
9734
9;i
100 14
97%
107
95
lloia
98
IO4I2IIO
103 104%
116iall7ia
12'J
11 434
Apr '05
11334 115=8
95
101
l^eb'Oi
97% 99
95
95
Nov'04
:2-2ie
12218 Apr '05
12078 12216
114% 117
J-J
J-J
J-J
120^8
115
1)5
121 Apr'05
117 '4 Mar'05
113 J'ly '04
110%.
11514
J.J
.
J-J
J-D
J-D
M-K
F-A
F-A
F-A
FA
J-J
J.J
J-J
A-0
J-D
J.J
80 12
10618 104
Sale
>H)hi
119
121
117% 117%
Dec '04
81
80 12 83%
17
II512II8
lOOiaSale
99 14
IOII2
100
100
101 14
100 H,
Apr'05
Mar'05
35
Convertible deb g 5s
1911 F A
Trust Coctfs
Col Induslstconvosgu A.1934 F A
l8t conv 58 gu Series B.1934
Contin'talC Ist si gu68g.l95'. FA
6r Riv Coal & C 1st gOw.. 1919 A
FA
Clear
2d gold 68
Jefl<fe
C& I I8tg58.l9'2t:
1926
Kan&HCcfe Clstsf E58.1951
1023810258
9034 93
89
91 H.
89% 91
89
89
lOeialOVia
J
D
D
.1
J
J
ValCoal 1st gsfos. 1928 J J
Tenn Coal gen 58
1961
J
Tenn Div Ist g 68
al917 A-0
Einii Div iHlconHol 68. .1917 J J
Cab C M Co Ist gu g 08.1922 J D
De liarCfe I Co gn g 6H.1910 F •A
B9%
& Co lat g 58.1949 M •S
•J»o price Ifndayi Luiesi bid
Peb'05
Mar'05
124
ViO
124
120
106% J'ne'04
106iaNov'00
96%May'04
.
.
105 1«
105 Is Mar'05
105
1194 Mar'05
118
117iaApr'06
1174119'^
11334
la
1191a
Jan '02
10741074
'-a
106
104
<fe
N
.
95
.
IO4I4
127
110
13134
Apr '03
101^8 Nov'04
<fc
Y0& W rel 1st g 4s.. (71992
M-S
f/1992 .M-S
NY&Put SeeNYCcfeK
N Y & R B See Long Island
N Y S W See Erie
N Y Tex & M See So Pac Co
W
Registered
1996
Div'l 1st 1 & gen g 4s. 1 944
Pocali C &
joint 4s.. 1941
CC&Tlstgug58
1922
Scio V & N E Ist gu g 4s 1989
North Illinois See Chi <fe N
North Ohio See L Erie &
Nor Pac Prior Hen g 4s. 1997
Registered
1997
General Hen gold 38
a2047
Registered
a2047
St Paul-Dnl Div g 4s
1996
Registered
1996
. .
XO
19 103% 10638
lU3i2l04i« 1034 1041.1
103 4 Jan '05
—
.
C B & Q coll tr 4s
StP&N P
See
103410313
J-J
Q
J
Q-J
Q-F
Q-F
J-D
J-D
Apr'02
10712 J'ly '00
13234 1323*
27 100
10438
9934 j'ne'04
99% Mar
97% Sale
109
I4
102% 104
97
97 100
97»4
95
109 41091a
102 103
05
971.
11194 Feb'05
10234 1023,
105 12 Sale
103 105
77 Sale
10518
10534
103 4
105
100%.
100
12538
1254
118
132
11334
107^8
112%J'ly'03
108
108
104% 106'4
IO34IO514
77%
77
75
76% 78
Peb'05
Mar'06
75
100
,
76»«
101
.
Gt Nor
W
l',i4i.i
L>ac Coast Co 1st g 5.s
X ac o£ Missouri See AIu Pac
Panama 1st s ruudg4i2S..1917
Sink fuml .sub.sirty g 6s. .1910
Peun Co— Guar l.sl g 4128.1921
Registered
1921
Guar 3128 coll trust reg.1937
G uar 3 I2.S coll tr ser B...iy41
Tr Co certlt's gu g 3128.1916
C St L ifc P Ist con g 58.1932
1932
Registered
CI <fc P gen gug4i2Sser A.'42
1942
Series B
Scries C 3128
1950
Series D 3 las
Erie<fc Pitts gug 3 128 B.1940
1940
Series C
Bdge gen gug 4128 1945
P C C <fe St L gu 4 13a A. . . 1940
1942
Series B guar
guar
1942
Series
1945
Series D 48 guar
1949
Series E 3ia guar g
lat 7a. ..1912
Pitts Ft
N&O
101
/il912
RR lat real eat g 48. 1923
1254
1254126"^
J'ly '99
100% Apr
107% 109
99^8 101
Oc
9^4 924
1164
116%
92 4 Apr'05
lid Jan '05
116
117
111
118% Feb'05
111% IIII4
118% 113%
111% 113%
1.3
AO
jL
103
99%
99%.
20
9914
99% 99%
.
114
Apr'05
113% 1154
A-O 103%.
M-N
103
102
Apr'05
Apr'OE
1024104
J-J
J-J
114
Ill
.
Jan '05
Nov'9»
94 Mar'05
9858 Apr'05
117% Apr'Oo
.
108%Aug'03
M-S
.
M-N
A-O
A-O
9808
11734
J-J
116
J-J
J-J
J-J
A-O
A-0
M-N
M-N
F-A
106
106
94
94
97^8
983*
10-2
93
F-A
ilOTai'llii
111
Sale 111
1103t 106
.
11434
10034
9958.
11734117%
.
.
Jan'
Nov'
96
102
9834 Apr'
106
112'4ll4
112% 114
llSSi
104%
U4i8Jan
1124 Apr
11441144
05
OS
112411334
110 Aug 04
104 4 Oct 04
93=8 Apr '05
127 Og Oct 'O'j
121 Mar '(14
QiH
J.J
1912 J-J
2d7a
3d 7s
111% 111%
133413312
111% Peb'05
133^8
l;'.3'.., Jan'05
I32I4
132 '4 Apr'On
129^8
132 4 Dec '04
101 12 10134 1014 10134
.r-j
hio River BR 1st g 58.1936 J-D
General gold 5a
1937 A-O
Ore & Cal See 80 Pac Co
Ore RR & Nav See Uu Pac
Ore Short Line See Un Pac
W&
112
J-D
M-N
W
W
1906
Consol aterUngg 68
Con currency 6sreg...j(1905
goldos
1919
Consol
1943
Consol gold 4s
1912
Convertible g 3128
.
102
92
A-O
M-N 10758
Apr
119
107
93«8
ya'a
04
106
107
lo5 4 113 103
107
Feb 05
J-J
Q-M
M-S 114
M-N 106%
M-N 104 12.
HI 4 Sop '04
.
Aug'OH
106
.
105
BONDS—Continued on Next Paste
TeleRTapli and Teleplione
104
74%
70
107 4 Oct '04
Sale 104
104
102
90
90 Feb '05
85
87% 87 4 Apr'05
84
7434 73
75
91 73
Sale
70
72% 779 70
107 5gDec'04
102
107
90
89 4
70 14
72 4
4 J'ly '04
98
111
97
1104 111
1114 112
1034105
8834 Sale
and asked
10641064
"934106"
1104111
100 4Apr'05
106 Oct '00
<)y4
98 w,
Jan
'0,")
Apr '05
102 Dec '03
10 4 Apr '05
88
tUla week-
8958
11034 112
13
aDueJiin
103 103 4
863 93 4
(;
Am Telep Tol coll tr 48 1929 J-J 984.
90%
Comm Cable Co 1st g 48. .2397
Erie T & T col tr g a 6s. .1926
M-N
1918
1H4
g5s
Tlstsf
MetT&
N Y & N J Tel gen g 58.. 1920 M-N 104
984
<fe
1054
May'97
102 4 Oct '03
.1
Iron Coal
108
J-J
1-,
Penn
.
T'leas
y
100%
9918IOOI2
10034 1 01 14
99 Dec '02
102^ Sale 102 "8 102 •5«
91 Hi Sale
92
911a
90
90
90 H 90
90I2 90
90 14
90
89 Apr'05
107 14.
1071a J"eb '06
104 ifl.
102 Mar'04
110
ggsg
MISCELLANEOUS
Coal and Iron
Col Fuel Co gen gold 0s...l919 M-N
Col F <fe I Co geii 8 t g 53. .1943 F A
Nov'03
Jan '03
?;^
A-O
1948 M-N
J-D
MS
121
139
124
120
Nor Wis See C St P M & O
Nor & Mont See N Y Cent
See C C C <fe St L
124% Olnd &
I
1997
Debenture k48
1890-1905
Registered
1890-1905
Deben g 48
1934
Lake Shore coll g 3 ^as... 1998
Registered
1998
MlchCentcoUg3J28
1998
Registered
1998
Beech Creek Istgug 48. 1936
Registered
1936
2d gu gold 58
1936
Beech Cr Ext l8lg 3'v!8W951
Cart & Ad Ist gu g 4s. . 1981
Clear! Bit Coal Ist s 1 4s. 1940
Gouv& 08welstgug5s 1942
Moh <fe Mai Ist gn g 4s. .1991
10341031a'
Utica& Blk Riv gug4s. 1922 J-J 10534 106 107 Feb '05
Chic & St L 1st g 48.1937 A-O 104 10558 104 a 104 4
Registered
101 Mar'04
1937 A-O
N Y cSb Greenw Lake See Erie
N Y & Har 6'ee N Y C cfe Hud
9612 9812
1261a 129
11414115
>S'e«NYNH&JJ
Registered
100
lOSiaMar'Oo
12218
13278
128
117
109=8 Apr'04
gen g 6s. ...1923 F-A
30 llOialig
Registered certific'8..1923 Q-F
StPaul&Dul Ist 5s
1931 F-A
46 94
2d 58
9638
1917 A-O
3fr
95 12 98
1st consol gold 4a
1968 J-D
Wash Cent 1st g4s
1948 Q-M
Nor Pac Ter Co lat g 6s.. 1933 J-J
Ry
Cal
See
Pac
Nor
So
93% 93%
Apr'05
Apr'05
Apr'05
129
124% 124
98
,
90
114
96^4
4
20
J-J
<fe
-<
V
101%'
<fc
A-0
N J June RR iSee N Y Cent
New & Cin Bdge See PennCo
K O N E prior lien g 6s pl915 A-0
N Y Bkln & Man Boh See h
K YCenl& H Riv g 3>28. 1997 J.J
10778 109
1244
RW&OTR
Oawego & Rome See N V C
O C F & St P See C & N W
Oz'rk<Si Cher C 1st gu 5s g.l 913
1951 A-O
Ist con8or48
ib?'*-
108% 110
lOOislOOSa*
1,10410314'
109%
102% Nor & South Ist g 5s
1941 M-N
85
87 la Norf & West gen g 6s
1931 M-N
Improvom't & ext gOs.. 1934 F-A
103% 108
New
River
87
Ist
1932 A-0
911a
g 6s
N <fe Ry l8t con g 48.1996 A-O
iAW&U
M M
MW
UtgW.
10034
100% Sale 1004
121'8
10012
lo-i^i 108
.vl-S
193h M-S
^ash
NewH&D
1071-.:
100 12
Ist g 5s. .194" F-A
See Soutlierii
See
Monongahela Riv See B <fe O
<&
Mont Cent See 8t P
Morgan's La <fe T See S P Co
Morris & Essex See Del L, & \V
Chat <fc St D Ist 7s. 1913
l*2,s
1st consol gold 58
Jasper Branch Ist g 68. . 192:i
McSI
<fe Al Ist 68. .1917
P Branch 1st 68
1917
Nash Elor & Shet See D & N
Matot Mex prior lien 4^28. 1926
coll 4s
IO711.
107'-.
125''2....
St Li & Cairo coll g 48..el930 Q-F
19Hi J-J
Guaranteed g4s
Mohawk & Mai
107
107 Hi
106 "2 bale
Ist extension gold 68../tl927 Q-J
General gold 4s
yii-i
M-b
M-S
F-A
104% 105
. ]
100%
Oli-j
105 14 Deo '04
95
96
11218 11218
.M-N
117'2
& ref gold 4s.. 1929
& G Div 1 St g 4s. 933
"Verdi V I & W 1st g 5s. 1920
Mob & Birm prior lieu g 5s 1945
1945
Mortgage gold 4s
Mob J K C 1st cons g 5s. 1953
Mob & Ohio new gold 68. .1927
lOlia
99
IO2I4
8512
102
85
IU6I4
10534
106 H.
107
Apr'05
12512
125=8
2d extended gold 58... 19.;^ J-J
Sgen con g 5sl931 A-0
St L, Ir
Gen con stamp gtd g OS 19:il A-0
Riv
100%
Nov'Ol
103
99 »8
Pao Rof Mo lstexg48.193^ F-A
Unified
Mar'05
109 'f. 109
109 4
1081a Sale 108 4 109
101
100% 10034
lOOislOlH. 100 Is Feb '05
109
10134
lA.w
103"
'02
<fc
142
K&
M&
Hiqh Ao
Oct
105
106
M-S
M-S
New York New Hav & Hart—
HI lll«t Housatonio R con g 5s..l9;i7 M-K
120% 122
N H & Derby con g 5s. .1918 M-N
113^4 113%
N Y&N E Ist 7s
1905 J-J
117 117% N Y & North See N Y C
H
95
Dec'03
HI «a Jan '05
12014 Apr'05
11 3 14 Mar'05
140
107
1944 M-N
Ist ext gold 58
92
2901 A-0
St L Div Ist rel g 4s
Dal & Wa Ist gu g 58... 1940 M-N lOSig
Kan C & Pac 1st g 4s...l99ii F-A 95
E 1st gug 5s... 1942 A-O 112 114
Mo
1942 M-N 107 Sale
K & Ok 1st gu 5s
M:K(feTofTlstgug5s.l94-- M-S 106 I07I4
8her Sh & So 1st gu g 58.194:i J-D 109 110
107 k'
Tex<& Oklalstgug5s...l943 M-S
190U M-N 107 107%
Missouri Pacitic 3d 7a
F-A
J-J
Ash Low
Bid
98
105
NY
<fe
106
90
192U
1st consol gold 6s
Trust gold 58 stamped.(il917
al917
Registered
1920
1st coll goldos
Cent Br Ry 1st gu g 4s. 191
l.eroy<feCVALlstg5s 1926
iiange
aince
January X
<fc
J-J
J-J
Week's
Manye or
Last Sale
M-S
M-N 99
75
J-D
M-N 103 -a.
M-N
A-O 1151a.
A-O II713.
R2dgug6s...el915 F-A
1st gug 58.1918 M-N
Regis $5,000 ouly
J-D
^199(1 F-A
2d gold 4s
0.swe<fc
Price
Frtdav
April 28
N Y Lack W See D L W
N Y L E W See Erie
N Y Long Br See Cent of N J
N Y & N E See N Y N H & H
<fe
ife
T&
IO4I2IO7
104
J'ly
M
Minn 8t L gu See B C B K
M St P & S S M con g 4 int gu '3h
M&
1934
McKeesA B Vlstg68 1918
Mich Cent Ist consol 68.1909
5s
1931
Registered
1931
48
1940
Registered
1940
J L & $ 1st g 3128
1951
IstgSias
1952
Bat C & Stur 1st gug 3s. 1989
y & Harlem g 3ia8...2000
Registered
2000
NYcfe North Ist g 58. ..1927
R W<feOconlstext5s.;il922
loomosis
&NW
&NW
Montgom Div
McK&Y lat gu 68. 1932
104
108
J-D
J-D
M-S
F-A
Pitts
2d g-uarGs
9S=8 Oct '04
10758.
J-J
KaA<feGRl8tguc5a.l938 J-J
Mahon C'l RR Ist 5s. .1934
Mar'03
110
1st 48 gu... 2361 J-J
Registered
2361
Lake Shore gold 312a. ...1997
Registered
1997
Debenture g 48
1928
Det Mon & Tol lat 78.1906
J'ue'02
14
Jiy
A-O
South West Ex I8tg7s.l91(i J-D
19o4 M-N
Ist oonsol gold58
Ist and refund gold 48. .1949 M-S
M
West Shore
Apr '04
41
7612
78
75 Jan '05
2li2
23'-> il4
ISHi Apr 05
J-J
Cent
See
Mid ol J See Erie
See Chic
L8
Mil <fe Mad See CUic
<fe St P
North Se« Ch
Minn & St L 1st gold Vs. .1927 J-D
1999 J -I)
gold
7s
let
Ex
lo-wa
Pacific Ex 1st gold Gs...l9'Jl A-O
Mich Cent
Hiqh,
Cent
Metropolitan El jSee Man Ry
Mex Cent consol gold 48. .1911
1939
Coupons off
let oonsol income g 38.ol939
2d consol Income g 38..al91
1919
Equip <fc coUgoldSs
Coll tr g 412S 1st Ser....l907
48.1977
con
Ist
g
21 ex Intemat
1977
Stamped guaranteed
Mei North 1st gold
1
I2OI2I2GI2
114 114
;I
190,^
STOCK EXCHANGE
Week Endlmg April 28
N Y Cent & H "B,—(Continued)
N JJunoR gu Ist 4S...19S0 F-A
N Y & Pu Ist con gu g 4s 1993 A-O
Nor & Mont 1st gug 5s. 1916 A-0
N. Y.
109 109
"i 13012 13134
Apr'05
Mar'05
112'-.. Mar'05
11618
113
lloig 116
105
99
January
No Low
114
114
122
75
113
BONDS
KaUije
Since
a;5
Vol. lxxx.
3
Duo Feb
92
109
.
f
105%J'lv'03
1114
113 4
73 14
80
«Duo.\iuy yUuoJiia
;>
Am
Am
Am
Am
Am
FA
FA
/vDuoJ'ly
99% 100
97
nil...
11041114
4 ]o7v
HO%Mar'Of.
104»& 10738
1 1
107 4 Sale
109
.>IanulactJirinK <Xc Induwtrial
1916 Q-F
Cot Oil ext 44.s
Hiile<fc L Ist s 1 g 68.. 19 19 M-S
Spirits Mfg l.sl gi;s..l915 M-S
Threa<l Ibt col tr 4s. ..1919 J-J
1944 A-O
Tobacco 40-yrg 6«
1951
48
Consol Tobacco 50-yr g Is. 1 951
984
Oct '99
10934 0' no' 04
-J
West Union col tr cur 58.1938 J-J
Fd and real est g 443. ..1950 M-N
MutUnTol s tuiid 6S...1911 M-N
Northw Tel gu £ 4 4s g. .1934 J-J
984 25 97
Dec '04
Sale
94
88
Sale
Sale
,h2
Duo Aov
1
39
107
103
J'ly '04
100
97
95
88
113
100
9S
96
8S
73
14
80 I4
i
9978 101
Uptiou
100%
97
9434
87
11:5^8
74
81
H0%110%
'4
4
97
i^'-^^A
177 11014118%
778
saio.
12
71
74
777»
84
4
—
—
8
Ape. 29
Bond Record— Concluded— Page 4
1905.]
STOCK EXCHANGE
Week Endinq apeil 28
N. Y.
Price
Week's
Friday
April 28
Range or
Bid
Ask
RR (Continued)
Alleg Val gen gu g 4s. ..1942 Wl-S 103^....
CI cfe Mar 1st gu g 4^s..l9;?o M-N 10912 1101-2
D R R B & Bge 1st gu 4s g.'36 P-A 99 ....
GrRjfe Iexl8tgug4'<2Sl94] J J Ill ....
PhUaBal& Ist g 4s. .1943 M.N 108%....
San <fe Lewis Isl g48...198t^ J-J 100 ....
tf N J RR <fe Can gen 48.1944 W!-S llO^g....
Pensacola & Atl tiee L & Nasli
Peo <fe East See C C C & St L
1237g....
1921
Peo & Pek Un 1st g 68
6192a .y-K 100 IO6I2
2dgold4i28
58 1921 J-D 10634 ....
Pere Marq— Oh cfe
1920 A-O II912 ....
nint&PMgOs
1939 M-N 113 114
Isiconsol goldSs
1st g 58.1939 A-0 114 lie
Pt Huron
SagTusife H Istgrug 48.1931 F-A
W
WM
mv
W
See Penn RR
B&
PhUa & Reading cons 78.1911 J-D
Pine Creek reg guar 68. ..1932
Pitts CiD & St L See Penn Co
Pitts Cleve & To! SeeS&O
See Penn Co
<fe Cli
Pitts Ft
1922
Pitts June 1st gold 68
Pitts & Ii Erie 2d g 58...al928
Pitts McKees <fe Y SeeiiY Cen
Pitts Sh <fe I. E Ist g 68.. .1940
1943
Istoonsol gold 5s
J-D
W
& West 8eeS&0
Y & Ash Ist con 5s. 1927
Pitts
Pitts
KeadingCo geng
4s
Registered.
Roch
&
Pitts
See
B R&P
Borne Wat & Og See N Y Ceni
1941
Rutland 1st con g 4^28
But-Canadl8tgug48...194si
Tub cfc H See Pere Manj
Sag
t Jotfe Gr Isl Ist g 4s. ..1947
8t Law cfe Adiron Istg 63.1990
1990
2d gold 68
8t L <fc Cairo See Mot> & Ohio
P
8t L <fe Iron Mount See
Miah
llOiaMar'OS
Nov'97
137
120
Oct
1121-!
Dec '02
A-O
U7
120
98
J'ly'97
1171-2
Oct
.
J-J
11712.
M-N
116'4....
102 Sale
A
'01
Mar'05
'04
102
102 14
100 Jan '0.!
9912 98 li
99 14
99
J-D
J-J
J-J
J-J
J-J
108
J-J
95
1
09
Mar'0,5
75 14 Mar'05
89 Jan '05
82
10334 May'04
101^4 Nov'Ol
Apr '05
94
J-J
J-J
J-J
J-J
10434
104^4
115
\mh
'2 Sale
100^4 Sale
90 Si sale
M
126'=8
,
89
100
104i8Peb'05
129 Mar'05
115
115
1-2
LOOI4
A-O
J-J
Apr '05
ifl
5-year gold notes 4^..190:> J-D
W
111
111
IO8I4 IO8I4
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Oar Cent Ist con g 48... 1949
ITla Cen & Pen let g 68.1918
1st landgr eict g 5»...1930
Consol gold 5s
1943
Ga<fc Ala Ry Ist con 58 o 1945
GaCar <fe NoletgugSs 1929
Seabcfc Roa Ist 68
1920
sher Shr & So See
K&T
Sil Sp Oca & G See Atl Coa3t L
Sod Bay & So 1st g 68
1924
So Car & Ga See Southern
8o Pac Co— RR Ist ref 4s. 1955
Coll tr g 4^28
1905
Gold 48 (Cent Pao coU).A:1949
Registered
/<:1949
M
Aife
N Wl8tgug5s
Cent Pao 1st
Sale
100 12
J-J *12138
J-J IO314
A-O
....
11412
SA&
C&
E&
'-2
I
1
.
.
W
102
90
96
26
89
lOO",
Apr'05
iv
14
ill
Dec '04
Jan '05
893^
'
M
W
W
W
FA
.
M-N
991-2
Sole
J-J
86 H2
.Sale
J-D
J-D
8318 Sale
99 14
99 V
8014
861.:
83
8418
1&
1351-2
110
140
110^2 Jan '05
J-J
J-J
J-J
J-J
111
112
ill'^B
M-N
ll2-'4
A-O 108
J-D
J-D
A-0
A-0
J-J
J-J
J-J
J-J
J-D
137
140
Apr'05
Mav'02
Mar' 05
llOig Apr '01
II318 1123b Apr'05
104^4
105 Apr'05
106
May'Ol
102^
1043, Mar'05
122^4
123
135
M
W
L&Wpr
,
,
137^138
123
118^4 120
119^8
Jan '05
13434 Dec '04
118 '8 Feb '05
117 Jau'04
10988.
110
11818 1181*
104
A-O
85 4 Sale
104 I2
98
110
105 Sj
110
.
.
.
umi 11214
* 112^*8
J.J
J-J
111
109 '8
97
Jau
11334
Dec '01
85iu
104 '4
861-1
Sale
1
09
4!
11134
Mar'('5
1123^
10
Jan '03
97
101 «8
95
1011.2 Salt
Jiigh A'O Low BigK
112 Apr'05
11058 112
113 Dec '04
99 12
99 12 "i 9512IOO
127i2Feb'0l
129i2Nov'04
122 Dec '04
106 Sep '04
113 Jan '01
102 Nov'04
89
89
IO8I4 Apr'O
10938 Jan '05
102 14 Mar'05
11
88
106
91 "a
IO8I4
10918
109^
1021410214
104i2l)ec'04
115 Mar'05
II412II5
114i2Dec'04
Feb '04
119
109*8
109
109 12 Feb 05
103 Oct '04
10 10812 109 '8
108 IO913
112i2Feb'05
10812 Mar'05
120
119
110 Peb'04
112 il2ii
IO0I2 1081a
9732
118
98
..
971-2
118
983.
'
77 II712I2OI4
i'
1
29
II7I2 Mar'05
98i2Mar'»5
9012 99
118 118
98 100
II7I2II71U
95 Is 9812
90 12 Dec '04
May'04
118
114
122
114
Apr'O,"
114
Apr'05"
121181221a
114 116
Mar'(
12434 Apr'05
127 Apr'O."
I23I4 12434
123 14 127
11534 118
118
118
112=8 Jau '05
112*8
9612 98
1U8 111
112
Feb'05
98
10938 Apr'05
Feb'02
Dec'04
Jan '05
Apr'05
May'04
Apr'05
llOifi Mar'05
123
110
114
117
1 10 12
97
117
J'ly '00
100
Nov'04
lllifiApr'OS
121
121
101 ifl Apr '05
II414
114 114
II5I4II7
97
97
H5I4II6I8
111181121a
10 121 122
9834 10118
11218 J'ly '04
12312
I2OI4 12334
12312
Apr'05
94
106 '2 Nov'04
115 I4 Mar'05
HI Mav^Od
110 '.2 112
961-.
114»2ll5l4
110'2
95 "8
91
85^8
831a
97 la
112
95 14
Apr '05
91
84
94I2
91
84^8
98I4
98i.f
941-2
102
94
11138111^
11136 Apr'05
112
981a
95
9118
8638
98I4
113 Apr'05
113
95I4
95 14 Jan '05
105 Hi 1061* 143 10434 108 Hi
104 12 104 12
7 103 12 10534
123 Is 129^8 1026 11278 i:-!8Hj
13734 Apr'05
1163s 13734
I0214 102 14 "35 102 14 10334
7 124
125
125=8
1271a
1 II713 120
120
120
97I2
97=4 204 9718 98
112 Dec '03
il4ia Apr '02
95 14
37
Apr'05
10114
89
89^4
108''4
100 Sj
115
1091q110
100
106
's
112
F-A
J-J
J-J
114 110 Mai'O."
IO7H2IIO
11»34 Sale 118 •2
118i4ll9>a
119
107 12 Sale 108
108 1121a
109
9912 90 Feb'05
90
90
75 ig Sale
509
75
78
66 Hj 8434
M-b
102
J-J
M-N
'.2
J-J
J-J
J-J
111'
88
A-O 86
99
M-S
A-O 100 '8
J-D
J-D
94
39
.\-o
SO^gSali-
'•2
'2
Sale
Sale
iOJ
92
110 I4
97
Jau 'iM
Apr'05
S>^
Apr'0.j
92
Mar'Oi
Nov'u^
92
10934 110 14
86
97
109 -i Mar'(K-;
4
94 I2
i'5 't
3o 'b
^1 240
fast's
97 Ha 981a
9334 "95ii
38^8 45''8
W
1013(,
89 Is
8889 8934
1081b llO's
losie Mar'05
103 Sep '04
115 Feb'05
II312II5
109 110
110 Apr'06
107 "4 Feb'05
IO512IO7I4
103i.^J'ly'04
Wheel Div
let gold 53. .1928
Exten& Imp gold 58. ..1930
20-year equip s f 5s
1922
let consol 4s
1949
Wilkes <fc East See Erie
VVU
Sioux F See St P
<fe
Wis Cent 50-yT Ist gen 4s. 1949
J-J '118=8
A-O
96'j
891-2
Apr 05
97
Nov
24
29
40
Mar'Ol
J-J
112
113
112
Apr'O.-.
A-O
J-J 113-e
F-A *11438
J-J
89 la 94
118 119
983*
97
901.
119
97
111 112
II4I4 11434
II9I4 11434 Mat '05
110'4 .May'04
114i4ilar'05
U-S
9434 Sale
J-J
94 14
Jan
102
94
114*8
113
102
'05
102
951a
9434
60
92
9.*
13
901a 94"*
M M
&
-Sale
9/
.38
iUlSOELiLANEOUSi BONU.S—Concliiiled.
Dlaiiulnctiiring &: ln<liiHtrial
Cou Tobacco registered 481951
DistUSecCorconv Ist g 5s. '27
iHiHcellaiieoua
F-A
A.O
otAmer coll tr gos 1911 J-J
Xnl Paper Co Ist con g 6s. 191 F-A
Distill
Consol conv s f g 58
1935 J-J
Int St Pump 10-yr conv. 63 '13 J-J
Kuicker Ice (Chic) Istg 58. '28 A-O
Lackaw Steel 1st g 5s
1923 AO
Nat Starch Mf g Co 1st g 6s 1920 M-N
Nat Starch Co a t deb 6s..l9'_'5 J-J
Stan Rope & T let g 6s. ..1946 F-A
XI
Income gold 6s
1946
S Leatb Co 8 f deb g68..1913 M-N
"US Kealty<feIconvdebg5s'24
S Steel CorplO-60 yr5s.d'6S
Registered
April 1963
Va-Cur Chem col tr 58 g..l91i;
U
J-J
M-N
M-N
A-O
->
W
9738 237
10134 11
99i4Mar'03
89
Southw't Ist gu 58.2003
1939
Wabash 1st gold 58
2d gold 53
1939
Debenture series A
1939
Series
B
1939
8434 92
let hen equip s Idg 5s.. 1921
03 14 10434
1st lien 50 yr g term 4s. 1954
98'^8
95
Det & Ch Ext Ist g 08. .1941
109 109
DesMoin Div Istg 4s. .1939
Om Div Istg 3 '28
1941
109 H 109 ^^
Tol & Ch Div 1st g 4s. ..1941
IO912II4
St Chas Bridge Ist g 68.1908
110 110
Wab Pitts Term 1st g 48.1954
2d gold 4s
1954
Warren See Del Lac & West
Wasli Cent iee Nor Pa«
Wash O <fc
See Southern
96^8 98 12 West Maryland Istg4s...l952
West
N
Y
(Ja
Pa
1st g us. .1937
1013,
lol
Gen gold 3-4s
1943
97 14
95
Income 5s
(U943
91
91
108^8 111«8 West No Car 6'ee South Ry
Va Cent & P 1st g 6s.. 1911
10038 104
Wheel'g <fe L E Ist g 59. ..1926
<fc
1
Feb '05
91
1933 M-N
104^8
109 1-2 Feb '05
110^8
GalHar& S A Istg 6s.. 1910 F-A
2d gold 78
1905 J-D
Mex & PaclstgSs
1931 Wl-N
Gila VG&N Ist gug5s.l924 M-N
Hoos E & W T Ist g 5s. 1933 M-N
Unl N J an <fc C Co See Pa KK
Utah Central See Kio Gr Wes
Utah & North See Un Pacitic
Va
Mar'Ob
95
109
102
95 14 Sale
1941
'04
110 Jau '05
ii5" llli4May'03
10134
gu g 48 1949 F-A
Registered
1949 F-A
Mortguar gold3>28..A;1929 J-D
Since
January 1
W
J-J
Wl-N
Range
Utica & Black R tiee N Y Cent
\I er Val lud <fe
See Mo P
T irginia Mui
See South Rv
J.J
.\l-5
ret
let miar 5s red
A-O
A-O
M-N
A-O 129
....
J-J 10312
89 Saio
123i8l23i«
APas8l8tgug48.1943 J-J
So PofArgu Istg 6s... 01909 J-J 107
'10712
cl910 J-J
1st guar g 6s
98
Ilyi2l23
S P o£ Callst g 68 ser B.1905 A-O
13 112
D...1906 A-O 1021.2
II412
1st g 63 series
F...1912 A-O Ill
11434 116112
Istg 6s series
1912 A-O IIII2
latgold 6s
1937 M-N II5I4
1st con guar g 5s
1905... 1937 M-N
Stamped
8PacofNMexlstg6a..l911 J-J
1905 F-A 1001-2
Tex & N O 1st 78
112
1912 M-S
Sabine Div lstg63
1943 J-J iii'i^
Con gold 5s
1994 J-J 118I2 119
Southern— Ist con g 58
Registered
1994 J-J
Mob & Ohio coU tr g 48. .1938 M-S 97 >3 Sale
g4i2-58...
11712 120
1996 J-J 118
Mem Div 1st
98I4 Sale
1951 J-J
St Louis div 1st g 48
1918 J-J 11734
Ala Cen R Ist g 6S
97 12 9812
Atl & Danv 1st g 48
1948 J-J
104 007p 103
2d 4b
1948 J-J
•9612.
Atl & Yad Ist g guar 4s. 1949 A-O
"14 loo 100
981^101
1916 J-J 116
Colife Greenvlst6s
E T Va & Ga Div g 6a. .1930 J-J 115
Con 1st gold 58
1956 M-N 122
113'
E Ten reor lieu g 68
1938 M-S
GaPac Ry Istg 6s
1922 J-J
109
109
Knox & Ohio 1st g 68. ..1925 J-J 126«8
118
Rich <fc Dan con g 68
1915 J-J
75
77
Deb 58 stamped
1927 A-O iio'ia
89
89
95^2
97
Rich & Meek 1st g 4a. ..1948 M-N
SoCar<fe Ga 1st g 5s.... 1919 M-N IIOI4 110 12
Virginia Mid ser C 68...1916 M-S IIII2
Series D 4-53
1921 M-S 110 2
Series E5s
1926 M-S 112
General 63
1936 M-N II6I2
93
95
Guar stamped
1936 M-N
9738 98
O <fc
Ist cy gu 48. .1924 F-A
West N G Ist con g 68. .1914 J-J llOis.
S <fe N Ala See L & N
Spok FaUs <fe Nor Ist g 63.1939 J-J 130
Stat Isl Ry l8t gu g 4i2S..1943 J-D
10458 10434 Syra Bing cfe N Y See D L <fe VV
104''8
rer A ot St L 1st g 412S..1939 A-O 111 .. ..
104
129ii;130i2 X Ist con gold 5s
1894-1944 F-A 121 Sale
Gen refund 8 f g 4s
1121.^116
1953 J-J 101
St L
Bge Ter gu g 58.1930 A-O Ill . ...
9934 IOOI4
Tex & N O See So Pac Co
102 102
94 88I4 92I4 rex<fcPac 1st gold 58
2000 J-D 123 12 Sale
95
2d gold inc 58
92000 Alar
I26I4I26I4
112
La Div B L Ist g 5s
1931 J.J
io3 8834 92
Min <fc N 1st gu 5s '30
T0I& O C 1st g 5s
1935 J-J U6I2II8
Western Div let g 58. ..1935 A O 112
..
.
5 98i4l01Vj
General gold 58
1935 J-D IIOI2
4 84
Kancfe
let gu g 48
.871*
1990 A-O *96'.2
941-2 '95I2
L08 80 12 84 14 T0IP&
1st gold 4s
1917 J-J
Tol St
lien g 3 128.1925 J-J
9118
84 Sale
50-year gold 48
1950 A-O
98
TorHam<fcButtl8tg48.A1946
noiaiii
J-D
II314
Ulster<fe Del 1st con g 53 1928 J-D
136 138
1st refund g 4s
1952 A-O 93
HI 112 14 TJnPacRRcfe 1 gr g 43...1947 J-J 105 ^8 Sale
Registered
1947 J-J 104 Hi Sale
Ist lien convert 48
II2I4 11238
1911 M-N 123 12 Sale
Registered
1031-2 105
1911 M-N
Ore Ry <fe Nav con g 48.1940 J-D I0212
Ore Short Line Istg 63.. 1922 F-A 125=8 Sale
10434 10434
let consol g 5s
1940 J-J liO-.g
97-8 Sale
Guar refund 4s
1929 J-D
123 123
Utah <fe Nor Ist 78
1908 J-J 10934
135 135
Gold 58
..
1920 J-J 112
M
S A & A P See So Pac Co
S F & N P Ist sink t g os.l9l9
8av F & West See Atl Coast L
Scioto Val & N E See Nor <fc \V
NW
c.
Ask Low
11134
.
K C FtS&M cong68..192« M-N
K C Et S & M Ry ref g 48 1930 AC
KC&MR&Blstgu 5s.l92y A-O
8t Louis So See lUiriois Cent
1st g 48 bd ctts.1989
8t L. S
2d g 48 inc bond Ctl8...2)19S9
Oonsol gold 4s
1932
Gray'8Pt'rerlstgug58 1947
St Paul & Dul See Nor Pacitic
et PaxU
& Man 2d 68.. .1909
1st consol gold 63
1933
Registered
1933
Reduced to gold 4^s..l933
Registered.
1933
Dakota ext gold 6s
1910
Mout ext 1st gold 48
1937
Registered
1937
B Minn 1st div Istg 5s.. 1908
Nor Div Ist gold 48
194b
Minn Union 1st g 68
1922
Mont C 1st gu g 68
1937
Registered
1937
let guar gold os
1937
WiU <fe S E Ist gold 58.. 1938
8t P & Nor Pac See Nor Pac
St P <fe S'x City See St P
&0
Salt Lake C Ist g s f 68.. .1913
SEePres* Ph 1st gos... 1942
Consol g 6s int guar... 1912
gold 4s int guar. .1921
div 1st g Gs '30
Waco &
Morgan's La & T let 73.1918
1920
Ist gold 68
No of Gal Ist gug6s....l907
1938
Guaranteed goldos
Ore & Cal Ist guar g 5a. 1927
ii'd
W
AG
M-N
1900 M-N
2d gold 6s Class
General gold 68
1931
General gold 63
193i
8tl,& S J<'RRoonsg4s..'90
Southw Div Istg 5s. .1947
Retundiag g 4s
1951
Rid
J-J
|5
o
Last Sale
m'
100
75
92
<fc
M
T C 1st g 5s int gu..l937
Week's
Range or
,
K C N See Wabash
Br See T HH A ot St L
L & S Fran 2d g 68 CI B 1900
I,
L,
<fe
Price
Friday
April i'S
.
M
8t
81
8t
H
110i-jSep'04
123 Is Jan '05
101 J'ly'04
109 Apr '02
119 1^ Apr "05
114
114S;
^«
Ending Apell 28
Gen
121 .
log's.
J-J
Week
1
EXCHANGE
Low High Southern Pac Co (Continued)
iio"
111
111
108i4Mar'05
II9I4 Apr'04
126
JXo
Nov'97
Jan '05
A-0
1997 J-J
1997 J-J
Jersey Cent coll g 48. ..1961
Rensselaer <& Sar See D <& H
Rich <fe Dan See South Ry
Rich <fe Meek See Southern
Bio «r West See Den & Rio Gr
Bio ttr Juno Ist gug53...193"J
1940
Bio gr So 1st gold 4s
1940
Guaranteed
Low
102
110
N. Y, S'TOCK
Since
January
1715
BOND'S
Range
13
Last Sale
Pesn
Plill
.
7814 Sale
97=8
109
94
94 H
104 Ha
97
105 14 Sale
87H2 92 Hi
60 Sale
57
*5
7
101
Sale
9738 Sale
94*4 Sale
99 't
Adams Ex col tr g4s
1948 M-S
85 14 Dec'04
78 14
79H2 179 78I4 821a AiuDkcfeXmp58 iS'eeCentNJ
of
'03
SS
Co
WVag5.s....l920
Am
M-N
99 Sep
10934 B'kl'n FerryCol8tcon8g58'48 F-A
109
109
1 108
ChicJc<fe St Yiird col g 68.1915 J-J
95
94
95
65 93
Id gr incomes.. 1911 A-O
tfc
104=8 104*„
7 10234 10434 Det
Hoboken L<fc I gold 53. ..1910 JI-N
98
98
98 Hi Feb'05
Alad Sq Garden Ist g 5a. .1919 .M-N
105 Hz 5;i 10 J3^ 108
105
Man Bch H <fc L gen g 4a..l940 M-N
9218 Feb'05
91
93
NewpNo Ship<& DD58dl990 J-J
60
60
00
70
42 Hj 69 14 N Y Dock 60 yr Istg 48. .1951
58 Apr 'O.'i
6I4 Apr'05
II4
Provident Lo;in Soc4Hj3.1921 M-S
8
112
5 IHHj 1121s St Joseph Stk Yda Ist 4 Hjs.1930 J-J
112
100 93
103 Hi St L Ter Cupples Stat'n cfr Prop
101
102
97I4
98 14 25G2 92
Co Istg 4 H28 5-20 year. .1917 J-D
9SHi
92I4
4
9734 S Yuba Wat Co con g 63.. 1923 J-J
95
2
9 '4
99 't
99^8 101 Hi Sp Val Wat Works 1st 6s. 1906 M-S
99-8
2
U S Red & Ref let 8 1 g 6s. 1931
*A(o uricel»riday; latest bid and asked, o Dae Jan
M M
FA
^DueFeo
c
Due Mar d Due Apr ADueJ'ly
jt
Duo Aug
103 'a
103 Hi.
104
17 103
10514
10034 J'ne'02
57
66
76' 74'
96
101
Sale
56
56
58
10734 Nov'04
74
Apr'05
50
Feb'02
96
100
96 Hi
Mar'05
71
20
Hi
94H?
98
80
96«»
100
Hi
112
113
95 Ha Sale
J'ly'04
H2
J'ly '00
95Hi
961.J
32
^-AH
97
Due Oct pDae Nov aDue Dec iUptiousale
.
4
.
.
CmOAGO STOCK EXOHANaE— Stock Record-Daily,
STOCKS—SiaSEST AND LOWEST SALS PRICES
Monday
Saturday
April 29
April 24
Friday
April 38
Thursday
Aprils?
WedTKsday
April 36
Tuesday
April 35
STOCKS
Sales
CHICAGO STOCK
of the
Weekly and Yearly
Sange }or Year
Range for Frexious
1905
Year (1904)
Week
EXCHANGE
Lowest
Shares
Highest
Lowest
Highest
37'8Jan
37^8 Jan
Kailroails
LastSale i7-'e
LastSale lye
Jan '04 Clue
Mar'or. Chic City
2011
5413
"554 56 i^
.„^
'WW
201a
55 li
Do
"53"
"oT^'iT'
•7
•7
9
9
Apr'05
LastSale 30
"38""38i.j
39
38% 38% •38
"89*' "89"
"23" •21% "2334'
•21*1^
211a 21Hi
LastSale 61 la Apr'05
•62
62
63
Last Sale 70
Apr 'Of,
•bo" "7*0"
Apr'05
LastSale 33
•60" ."II!; "eo" "eo" "60"'60" •59
•58
60
60
•
94
93 19 94
93% 93%
•26
•28
10034 ibo^s
60
•.....,
•28
Last Sale 38
10014100% •100 102 •
•
LastSale 51
50
MetropoIW S Elev..l0O
Do
"13^**14"^
70
7312
•80
•130
L
pret
Chic Street
Mar28
"16"
*»4
1
*6ia
*
*»4
•16"
"4
*6ia
*6ia
•161
45
165
45
135
97
97
13812140
45
*
•106
•56
iiiir.
165
45
135
•
701a 72
•95
138
53
Last Sale 198'" May'bi
Last Salt 55
LastSale 10"" Peb''b5
Last Sale 1
Jan '05
Apr'05
Last Sale 7
138
135
98
139
Jan '05
160
160
160
•43
44
LastSale 135
162
45
45
Apr'05
*95
i3sia
138% 139
LastSale
"66" "66"
W
o
LastSale 40
Apr'05
Last Sale 105^ Mar'05
mm
163
•
139
Apr'05
Apr'05
53
108
60
163
•
70
LastSale 80
LastSale 130
"40" •mill "40"
•IIIIII"40" •IIIIII
•108 110
•108 110
*
*
60
62
•lo" mill
53
Aug
23
Sep
Sep
Not
Not
4
Feb
15
27 la May
45
155
Jan 6
Jan 31
67iaAprlS
734
6
Mar31
7 Apr 18 13 'e Feb 3
30 Apr 18 61 Feb 2
30 .Tan
40 Apr 3
82 % Jan 4 89 Apr 1
20 Jan 18 24i8M!arl7
59 % Jan 10 66 Mario
70 Apr 7 99 Feb 2
23 Jan 9 24% Jan 10
60 Mar27 66 Jan 5
92 Jan 30 97i4Mar20
28 Feb 24 29i4Jan 4
97 Feb 3 I0314 Mar21
60 Apr 5 72 Feb 3
30
250
5
100
30
35
5f
"20"
Last Sale iS""Max'b5
72% 72%
"" J'iie'04
Last Sale Z7
Last Sale .9
Dec '04
<
LastSale 45%
Last Sale
8
27
28% Dec 31
80 14
15
41
66
15
44
90
28
N^ov
85
Mar 26
Mar 68
Mar 88
Nov
Not
Dec
Not
Sep
Oct
Sep
2634 Not
Apr 67% Not
Mar 981a Not
Jan
Jan
34
Oct
Apr 103 J'ne
Apr 561a Sep
821a
38
llSiall8i2
65
65 la
ibs"
76
76
93
93
62
61
118^4
117%
61
•65
118
68
116
Last Sale
I'l'o^i'
Apr'05
ibs" ibs" ib8"i08"
ibs"
ib8%
68%
116'4ll6l4
65
116%
•
b^f
61a
ibs**
61
118
65
116
"iii'^l"G2h
1181a 118%
•
io7 "^ ibs"
•7618 77
•92
93
7618
76I4
92»4
93
La St Sale 10'^" Dec'b4
...^„..„..
12
llHj
....
....
We
•34
"2
214
'"i
12'^
iif^
12%
38
37
38
2"
12
38
1158
*37%
"lisg
"ii%
38
•
BONDS
•.a
i.
a>
Amer Biscuit 68
1910 F-A
Amer Strawboard 1st 68. .1911 J-J
Cass Ave & PG(StL) 58.1912 J.J
Chic Board of Trade 4s ...1927 J-D
ChicConsol Br & Mlt68
J-J
ChicCon8olTrac4ias
1939 J-D
Chic Edison debent 6s
1913 J-J
1st gold 5s
7il926
Chic Auditorium Ist 58. ..1929
Chic Dock Co l8t48
1929
Chic EquilGas 6s
1905
Chic & Mil Elec Ry 5s ....1919
Chic Pueum Tool Ist 58 .al921
Chio Rock I & Pac RR 48.2002
Collat Trust g os
191:^
Common wealth Elect 58.&194;^
Extension g Is
NorchChio St
lP;-i8
let 5s
1st 58
lOOti
190it
9934
,
.
J-J
J-J
J-J
100
J-J
J-J
J-J
.
192(1
C
E
F
L&C
M-b
F-A
M-N
M-N
I8t6s.l94:^ A-O
1947 M-S
Refunding g 58
Chic Gas Lt&C Ist 58.. 1937 J-J
Consumers' Gas Ist 5s. .1930
Bt Louis Hrew'g A88'u6s.litl
South Side Kiev 4 \H
1921
Swift & Co 1st g 58
191
Migh No. Low High Bankers National
104
98
ig
103
1^-
IO4I4
62
66%
10318 104%
ig
104 10434
78 Apr'05
79 Nov'04
80 Apr'04
107 10734 107 14 Apr '05
100
'8 Feb '05
971a
98%
t98%
88
97 14
96
Sale
9514
,
89
100
883.;
99
98%
97%
95
Apr'05
Apr'05
97% Mar'05
99 14
99 14 9934
92%
92%
94
ibfi'
108'.
107
68
Foreman Bros B'k'g Co
.
106''6l08i4
100 "a 100 's.
97
98 %
97 14 98% Milwaukee Ave Suite.
95
96% Nat Bank of Republic.
80
90% National Live Stock...
North Side State Sav..
95 100
94
Oakland National
99
Peoples Trust & Sav ..
Prairie National
92 la 95
93%
88
96% Pullman Loan &
99 14
99 14
99
99^8
107
107
108'4
10634
IO8I4
10634
i
Unit<^d Briweries lis
8 Steel Corn 2d 58
West Chic
Ist us
M
103% Sale ib3%
10258
'^ali
106% 107
l'J4r,
1911 M-N
M-N
02 %
107
114
81
1910 M-S
19iH F-A
cl963 M-N
192>-
1
Fort Dearborn Nat..
Hamilton National
Hibernian B'k'g Aas'n
Home Savings
Manufacturers Bank..
93%
99% Mar'05
.
First National
First Nat Englewood..
80
9438
14
10034 Apr'05
124 % 12334 Apr'05
iba'
Cook Co State Saving.s
Corn Exchange Nat...
93
100%.
.
Oommercial National.
Continental National..
Drexel State
10034 Nov'04
14
Chicago National
Chicago Savings
Drovers Dep National
95'-.
ib'4"'
102''„
Apr'05
Nov'04
Prairie State
Feb
Feb 20 140
May
18
J'ly
52%Marl6
99% 100
100
10034
12334 123''4
105ial07«8
107'4 108n„
106% 107%
104 's
102% 103 If,
105% 10 7
lb2^'4
Sav..
state Banlc of Cliicago.
Stock Yards Savings ..
Union Siock Yds State
U S Bank & Trust Co
.
Amer Trust &
.Savgs.
Central Ti ust Co of
Citizeii.'s'
Tr
&
ill
Sav Bk.
Colonial Trust & .Sav..
Drovcr.s Trust & Sav..
Kriuit able Trust Co
H''e(lei-al Trust & Snv.
71% Jan 16
38 la Mar
76% Deo
Mar24
Mar22
10 la Dec
50 Jan
17 J'ne
12
62
20
19
7334
Jan 30
17
Jan 30
2
94
70
94
9858 1'eb IIOI4N0T
99 •'s Apr 116% Not
3534 J'ne
75
J'ne
7 "4 Oct
47% Jan
87 Not
10 <^ Deo
Not
7
J'ly
338
2034
14
Sep
25 la Dec
34 J'ly
Jan
60,'234
175,541
29,006
13
15
Dividend Record
In Per.
1904 iod
8-ir5
12-f-3
6
Jan
12
Q-J
Q-J Apr
Q-J Apr
6
6
8
8
12
1112
.^pr
.i.pr
10
Jan
6+4
Priv ate Ba nk
6
Q-J Apr
6
"8
10
'6
"6
6
15
6
"6
J-J Jan
J-J Jan
"'s"
10
J-J
Q-J
12+3
6
6
Now Bank
"8
1138
2,000,000
900,000
1
4
Trust
.Ian
.A.pr
5
6
2
3
2
3
3
li«
2
3
3
'05, lia
'05,
'06,
'05,
3
'05,
Apr
Jan
J-J Jan
'05,
'05, 3
'05, 3
^i-j .\pr
'05,
'05, 2
'05, 1
'05, iia
Q-J Apr
Jan
Q-J rVpr
8
7
,S50.5.|.l
'05,
'05,
'05,
'05,
'05,
'05,
'05,
'05,
6
6
97,002
44,73 s
450,000
Q-J Apr
12
1.374,721
200,000
200,000
500,000
2,000,000
'05,
'05,
Apr
000
•.iOO,00(
J-J Jan
Q-J Apr
8
1,000,000
/.-2,000
'05,
12"
5'.»4.r.
11,4.S-
Q-J Apr
8
300,000
200,000
1,000,000
250,000
200,000
1,000,000
85.7.-^6
Last Raid
12'
New Bank
Proje cted
New
6
6
8
1
nsti tution
Q-J Vpr
Q-J Apr
'05,
'05,
Q-J Apr
0-J .\pr
M-S Mar
Q-J Apr
'05, 1'4
'05,
'05, 4
'06, 1
Q-J Apr
'05, 3
b link.
6
6
8
4
1%
tfe
Illinois T'riist
tion
1
94
100
Tunnel Istos
190'.' F-A
May '0.1
Dobent 68
1914 J-D
90 Feb '05
90
80
ConsolgSs
H6%
1930 M-N
8C % Sale
80%
86% 90
500,000
427.604
West Div City Hy 4 %s..l93'. J-J
6
6
911
90
Itoyal Tru.-it Co
90
90
97
530,140
1,000,000
West'rn Stouo (Nj .j.JU os. 190'.i A-O
Union 'I'riist Co
100 Jan '04
202.208
1,000.000
Note.— AccriKMl interest mus t be added to all Chicago bo nd price 8.
6
Sav.
Western Trust »&
AU.i paid 12
In Doc, l'Jo;», In stock of First I'nist <S> Savings B.ink,
Includes special dividend of AO'Vq iloelared .Vug. in, 1004.
• Bid and askcid prices; no sales were
made on this day. X I^To price Frnlay; latest prioo this week. } To bo merged with Amer. Trust
a Duo Dec. 31.
b Due Juno. eDueAprUL
A; Capital and surplus to bo increased.
A. Due July.
Bf,
'a'.'i,
Oct
Feb
Jan
9 Deo
7 la Nov
42 Aug 51 Jan
2 14 Jan
134 Apr
20 Nov 25 Sep
36 Jan 68% Dec
99i2Jau lieiaNoT
25i4Mar 461a Deo
95 Jan 120 Sep
5',)5,580
Savings 1.000,000
16
12+4
4,000,000 0,187,677
Sav
<l;
Prole ctcd
nstitu
200.000
•()
TruHt
1 iitiTiiiit loiial
05.1
250.000
.lac.k.soii Trust ifc Sav.
12.98S IJeuan Tali's.
200,000
Kenwood Tr.fc Savings
3,583,904
12
12
Merdiaii lyoaii & Tr Co 3,000.000
231.537
6
750,000
6
Metropolitan Tr & Sav
8
8
Northern Trust Co Bk 1,000,000 1 .680..'.03
Fir.sl
J'ly '04
"feS" Nov'bi
95 %
90
90
II4N0T
Feb
8
10534 Mar 6 86
Feb lOS Oct
142^8 Apr 16 12DiaFeb 142 % Not
3 la .Mar 121a Dec
11% Jan 16
(
94
70
Deo
1731a Not
36 Nov
Mar 147% Nov
143% Feb 17 115
2,000,000 $1,071,611
100,000
20,010
200,000
143,388
1.000.000 1,402,444
k 500,000
fc 64,538
2,000,000 1.783,400
3,000,000 1,327,':81
50,000
5,607
3,000,000 3,567,276
200,000
15,586
600,000
273,089
8,000,000 6,215,626
100,000
107,529
500,000
640,540
1,000,000
202,737
500,000
142,224
1,000,000 1,030,106
100,000
149,618
1/,104
200,000
264,022
250,000
2,000,000
953,827
1,000,000 1,291,452
50,000
6,033
49,489
50,000
7,«0(J
200,000
55,909
250,000
250,()0(
South Chicago Savings
i
Union El (Loo]>) 58
Union Pacific conv 48
U S Brewing 5s
...
IOH4 Chicago City
Feb '04
78
97
991a
IO314IO314
103 103
101%
Refunding g4%8
1931 A-O
No Chio City StRy 4%8.1927 il-N 921a 95
North Wi-Mt'n El l8t48...1911 M-S
94 14 Sale
Ogdcu Gas 58
9338 Sale
194r, M-N
Pearson H-Tatt 58
1916 J-D 100
4-408 H B B
4'408 Series
t*608 StTies
4-803 Scries
People's Gas
January 1
101
101
103i4Feb'05
103 Jan '05
103 Apr'04
65% 64% Apr'05
1041a 103 14
Jan
OutstandStirplus Aing
In
1^0 fits
Stock
1903
Calumet National
103
103
172
1
7
pret
NAME
Since
106
A-O
F-A
A-O
W
Range
or
Last Sale
Ask Low
Bid
10334 104
M-N
M-S
M-S
Kans City Ky & Lt Co 5s. 191;; M-N
Kmckerb'cker Ice 1st 5s.l92S A-O
Lake Street El 1st 5s
192,s J-J
Metr
Side El Ist 4s....l9;>H F-A
Range
lYiday
April .'8
Jan 18
Jan 20
1
7
100 3,461 54 Jan 25 65\ Apr"3
750 114%Jan 5 l-'0% Mario
100
National Carbon
825 41 Jan 25 67 Apr20
100
100
255 110 Jan 5 116%Apr27
Do pief
559 Apr 25
250
Page Woven Wire Fence
5
Apr 20
People's Gas L.& C'kelOO
106 Jan 11 11034 Apr b
PuUman Co
100
St Louis Nat St'k Yds....
100
Swilt&Co
367 106 Feb 25 114 Jan 6
The Qualcer Oats Co. 100
15(1 46
Jan 25! 86 Apr 7
Do pref
100
93 8613 Jan 4 97 Apr 10
Un Stock Yds(So Om)100
Union Bag & P Co ... 100
100
Do pref
Unit'd BoxBd&PColOO 1,830
1% Feb 20 2%Apr 3
100 4,125 10 Jan 3 14% Apr 3
Do pref
100
260 23 Feb 15 3812 Apr 14
Western Stone
Do
121a
Chicago Banks and Trust Comnanies
Week's
JPriee
5o
2
Jan
31-2
National Biscuit
Chicago Bond Record
CHICAGO STOCK EXOH'GE
Week Endin-q April 28
1418 Apr 25
73 % Apr 2"
3134 Jan 64^4 Deo
80 Apr 5 40 Mar 79 la Deo
130 Mar20 II514 Jan 123% Sep
57 Mari;0 19 J'ne 40% Deo
105%Mar27 82 Aug 94i4 0ct
183 Mar 198 May
40 Jan 4 33 Nov 40 Not
105%Mar21 10034 Mar 110 Feb
62 Apr 15 62 Feb 62 Aug
150 Marl« 120 J'ly 12334 Jan
10 Jan 5 10 Oct IOI4N0T
44%Mar27 45% Jan
Apr'05 Masonic Temple
Jan '05 MU& Chic Biew'g
Nov'04
Do pref
•i
LastSale 30
"6l""62" '6ii^"62"
II8I2II9
65
66
115 115 li
100
100 11,463
91a Feb 9
100 11,234 60 Jan 25
Amer Radiator
100
76 Jan 24
Do pref
100
125 Feb 21
Amer Shipbldg
100
300 38 Jan li<
Do pref
100
10 98 Is Jan 17
AmerT<fc S Bank
100
Booth (A) & Co
100
3.S
Jan 4
Do pref
100
105 Marl7
Cal & Chic Canal & DlOO
55 Apr 20
Central Trust Bank. .100
148 % Feb 23
Chicago Auditorium
10 Jan 5
Chic Brew's* Malt'g....
1
Jan 18
Do pref
7 Jan 20
Chic Edison
402 153 J an 25
100
Chic Pneumatic Tool. 100
ISO 32 Jan 7
Chic Telephone
137 % Apr 3
100
Chic Title & Trust. . 100
28 95 Apr 6
Diamond Match
569 134 %Feb 1
100
10 Jan 4
Illinois Brick Kecpts
Do prefRecpts
ib? 64 Apr 14
Kans City Stock Yds. 100
Knickerbocker Ice. . . 100
11 Feb 6
200 63 Feb 15
Do pret
100
London & Chic Contr
Manufacturers' Fuel
.
isg"
Apr'05
ll'^
"66ii"66i2
•is'"
II
Mar 190
1
24
Do pret
"127^ American Can
70'4
Do pref
"12%
'l3*>i"l4"
72
7315
•81
•130
63
63
104
104
Q
7II4
7134
•130
,
100
100
100
100
100
pref
Do
Apr'05 West
Feb
5 199
19 sApr 8
16
995
100
pref
South SirteElev
101
Jan
Miscellaneous
AlUs-Chalmers
100
i
U
6
l.SO
North Chic Street.. ..100
Northwestern Elev..lOO
Apr'05 Streets WStable C
1
'
ChicUmon Tract
Do pret
Kans City Ry & Lt ..100
Do pref
100
Do
ISO
,
100
100
100
100
100
pret
"64" Chicago Sub-way
8
8
100
100
100
Ky
Chio Conaol Trac
Chic Pass Ry
Chic & Oak Park
• ••••• ••••••
.......
& Alton
1]
190
Q-J Apr
J Jan
y-j Apr
F-A bob
'05,
'05,
'05,
'05,
Q-J Apr
'05,
&
Sav. BonlE.
1%
Ape.
— —
—
.
THE CHRONICLE.
29. 1905.]
Volume
Business at Stock Exchanges
of
TBANSACTIONS AT THE
DAILY.
NEW YOBK
iyu5
Sailroad
Moaday
1,075,959 $160,073,400
Tuesday
Wednesday...
Thursday
1,1'21,555
1,189,959
1,005,37a
1,577,460
Friday
$3,075,000
2,293,500
2,335,000
2,911,000
2,545,500
108,80U,500
114,845,900
152,378,150
149,281,500
7.170,308 $685,379,450
Total
Bonds
Exchange
No Hudson L
5s 1938
Nat&
HOcfc Ind
1st 6s 1926
April 28
1 lo
1905
7,3
1904
State bonds
RB. andmis. bonds
«165,750
48,099,000
378,406,700
$11,000
2,000
12,527,100
$20,700
1,112,600
13,160,000
$304,700
212,500
220,383,100
UN Y
Total bonds....
$426,671,150
$12,540,100
$14,293,300
$220,900,300
EXCHANGES
Week ending
April 28
1905
Saturday
....
...
Bond
sales
EX CHANGE
28,935
28,264
08,225
45,181
38,308
35,528
13,882
10,713
51,175
34,657
$83,005
172,900
144,300
244,900
72,100
211.213
110,226
$381,560
208,913
145,955
$717,205
,
Outside Securities
A
Weekly Beview
of Outside
Street Railways
^
Market will be found on a preceding page.
^^^
]
^gj.
NKW YORK
crrr
32
34
Bleeck St<fc Ful E stk 100
95
98
11l8tniort4s 1950 ..J-J
248
H B'y & 7lh Ave stk ..100 243
1I2dmort 58 1914 ...J J 104 107
Con 5s 1943 See Stock Exch list
110
B'-way Surl 1st 5s gu 1924 U08
2d 5s int as rental 1905 i 99111 101
^Cent'l Crosst'n stk. .100 340 360
UlstM 6s 1922 ...M-N ni7 121
HGenPkN & E K stk.lOO 205 210
185
TtChr't'r& 10th St stk 100 177
CoUfe 9th Ave 5s See Stock Exch list
Dry
D E B & B—
Hist gold 5s 1932.. .J-D
HScrip 68 1914 ....F-A
Eighth Avenue st. . . 100
TIScrip 6s 1914.... F-A
ll42d<fe Gr St F'y 8tk..lOO
11
42dStM& StNAv..lOO
Ijlstmort 68 1910 .M-S
t2d income 6s 1915 J J
Inter borough Rap Tr.lOO
Lex Av & Pav F 5s See St
Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock, loo
Second Avenue stocklOO
Ijlstmort 58 1909 M-N
C0US0I63 1948.... F-A
TlSixih Avenue stock 100
Sou Bouiev 5s 1946.. J-J
80 Fer l8t 6s 1919. ..A-O
Third Avenue See Stock
Tarry
P & M 5s 1928
112
100
390
103
405
50
104 12
80
204
kExc
Stk E
Stk E
185
206
§103
115
102
405
415
70
107
85
206
Usl
X
£
list
list
192
2\2
25
& Atlantic
& Atlantic 25
80
102
126
5
Pub Serv Corp
Tr
ctfs
CoU
2%
76
?9034
N
See
77
907fl
C hicago Ust
of
J 100
to 696 perpet
trust 58 gold notes
1909 optional.. ..M-N
North J ersey St Ry 100
1st 4s 1948
M-N
Cons Trac of
J..-100
1st 5s 1933
J-D
N
New'k Pas Ry 58 '30J-J
Essex Pas 68 1905 M-N
Rapid I'ran St Ry..lO0
125
130
llh
72I2
«97^
931?,
II5I2
5s 1928
J-J SllO
Ext 5s 1924
M-N §105 107'
Pat City con 6s '31.J-D §123
2d 68. ...1914 opt A-O 5100
So Side El (Cliic)
See C liicago Ust
Syracuse Rap Tr 58 1946 §107'a 108 Hi
Cons Ry Ltg&Refng.lOO
Consol Rubber Tire. .100
Debenture 4s
Cons Storage BatterylOO
Cramps' Sh&En BldglOO
IJCracible Steel
7
134
2
21
28
11 'e
100
100
HPreferred
6s of 1896
Cuban
101
138
IIDiamond Match Co. 100
Dominion Securities. 100
Douglas Copper
5
Electric Boat
100
Preferred
loO
Electric Lead Reduc'n.50
5
Preferred
50
loo
Preferred
loo
Electro-Pneum'ic TranlO
Empire Steel
100
Preferred
lOO
100
J-D
§7534
N JlOO
76I4
3I2
Brooklyn Ferry stocklOO
BcfeNYlst68 1911. J-J
105
70
90
N Y & E R Ferry stk. 100
Ist 58 1922
M-N
N Y& Hob con 58 '46. J-D §10914
Hob Fy l8t 5s 1946 M-N nio
N Ycfe N J 1st 58 1946- J-J §105
NY & So Blykn Ferry&St
Transp 1st 5s 1906M-N
40
loth & 23d Sts Ferry 100
11
18
13
21
6^
^
40
Greene Gold-Silver.... 10
HackeusackM eadowsl 00
Haokensack Water Co
Eef g 4s 52 op 12. ..J-J
HaU Signal Co
100
19
§95
85
12
Havana Comiaercial.lOO
Preferred
9H»
t.
mort 58 1919...J-D
HUniou Ferry stock .100
"Hist 5s 1920
M-N
75
92
110
111
110
101
60
95
1st
30
97
Deposited stocK
Undeposited stock.
Prior lien g 4 "ss'SOM&S
3
Con mtg g 5s 1930.J&J
Income 58 1930
lIFort Worth <fc Denver
City stamped
100
Hoboken Land <fe
100
100
ImplOCt
32
99
100
loO
Int'n'lMerc Marine. 100
Preferred
100
Col tr deb 4H2l922op'07
International Salt
100
33 Hj
41
82
1
20
30
2
4
5
6
27
110
158
30
11
I8tg5sl951
162
29Hi
llHi
30Hi
24
68
81
28
70
International SUver.lOO
Preferred
100
11
12
45
50
Ist 6s 1948
Japanese 4H2S (w.
871s
J-D nosHi 106 1.J
i.)
8738
1434 16
Monotype
20
Lawj'ers Mort Xnsur.lOO 185 190
35
Leh <fc Wiikesb Coal.. .50
Lord & Taylor pret ..100 lOlV 104
140
TlLorUlard (P) pref ...100
Mack ly Companies ..100
list
3
6
5
106
88
17
109
92
61
67
157
425
33
73
450
36
158
77
22
81
24
84
49
52
51
60
Industrial and Miscel
AUiance Realty
100 126
68
74
IIAmer Bank Note Co. 60
12-2 13
t^merican Can com. ..100
Preferred
3934
100
72Hi
20
70
Madison Sq Garden. .100
2d 6s 1919
M-N
HManhatt Beach Co-100
Manhattan Transit
20
Mex Nat Con.struc.pfl00
Monongahela R Coal. .50
50
9
31a
7
160
40
73 H»
25
90
14
4
f
t
2734
SRI*
'8
Mont & Boston Consol .5 t
h
Mortgage Bond Co. ..100 122 124
Mosler Safe Co
100
100
Nat Bank of Cuba
100 114Hi 115HJ
Nat Ena<fe Stamp See Stk Exch Ust
National Surety
100 130 140
40
45
IJNew Central Coal
20
N Y Biscuit 6s 1911. M-S 105
185
N Y Mtge & Security. 100 175
20 1« 2014
TJNew York Dock
100
60
61
HPreferred
100
714
N Y Transportation. ..20
71a
li»
Nor Am Lum'r & Pulpl 00
2
4
HOntario SUver
100
51
54
Otis Elevator com
100
106
Preferred
100 102
Phoenix Mining
Pittsburg Brewing
70 14 7034
Preferred
125
127
Pittsburg Coal
96 100
Preferred
Preferred
100
American Chicle Co.. 100
Preferred
100
31»6 3II2 American Elevated
8OI2 80^4
IceSecurit'8(wi)100
92
Lianston
9934 100
Va<fc South western.. 100
964
200
§102
M-N
Uos 1910
Houston Oil
Preferred
New 2d prel (w i)
79
1st 6s 1922
M-S 103
Hemng.HaU-MarvinlOO
h.
Ist preferred
2d preferred
20
36
100
4H2 Internat'lBaukingColOO
108
7
78
46
HGenerai Chemical ..100
55
65
II Preferred
100 100 Hi 102
Ga<fc Tenn Copper
10
5 f
Gold Hill Copper
1 f
"e
Greene Con Cop See Bost Stock Exch
Greene Consol Gold... 10 t 714
7Hj
PrefeiTed
Hudson Realty
Ferry Companies
139
10
IHj
Electric Vehicle
list
Preferred
UnitedEleotricof
12
64
103
38i«
205
66
92
23
10
32
34
70
Chicago Edison Co See C hicago
03
89
25
Ask
19
6^
HKLngsCoElLi&PColOO 195
29
MoPaoiflo new 4s
79
Northern Securities.. 100
84 "s 85^2
Stubs
J,
no9 110
Pitts Bess & L E
50
ni4 115
Preferred
50
?1001<2
Seaboard Air Line
255
CoU tr OS 1907 op... M-S
§109
New common (w i)
26
New Ist pret (w 1)
No Hud Co Ry 6s'14J-J ni4
16
65
100
39H2
Companies
US
1st 6s 1921
A-O
J C Hob<fe PatersonlOO
4s g 1949
M-N §76-2 77
So J Gas El & Trac 100 129 130
Gug5s 1953
M-S §103 105
HPreferred
31
Electric
Bid Ask
Railroad
St5sl930..J&J §11314 113Vi
Lynn& Bos Ist 5s '24.J-D nio 112iu Atchison conv 43 See Stk Exch
New Orl Rys Co ("sv i) 100 29 14 29Sfi Chic Peo & St L pret. 100
100
Bid
Itliscel
Preferred
100
1st g 6s June 1 '22. J-D
Heoker-Jones-Jew'l MiU
Street Kailvrays
Preferred (wi)
(wi)
North Chic Street
and
Havana Tobacco Co. .100
IJLonisv
New 4^28
Indiistria!
HCons Firew'ks com .100
106
USonthern
7c.
1
50
50
100
100
f
47
I8I4
80.
271a
471,
181a
United Rys of StL—
73
73\
I4
ni5
Com vot tr ctls
100
7
6Hi
Pope Manutacturing.lOO
"28" 29
174
Preferred
100
76
80
Am
Ist preferred
100
5102
Gen 4s 1934
&«eStk Exch list
23 H; 25
Debenture 6s
78
§ 76ii
2d preferred
100
no6
UmtRysSanFran SeeStk Exch list
Am Mallin>;68 19 1 4. J-D 105 14 106 Pratt & Whjtn pret.. 100 100
Exch list
3534 36-4 American Marble
Wash Ry & El Co
100
6534 66
170
Realty Assoc (Bklyn)lOO 165
100
no5 108
92^2 93 12
Preferred
100
9312 94
1st conv g 58 1914 -M-S
Royal BakPowd prel. 100 109 110
XkersStRR 58 1946A-0 S106Hi
8938 89^2 American Nickel
48 1951
J-D
61
214
l-'4
t
63
BusseU
& Erwin
25
Kj t
28th & 29th Sts Ist 58 '96 J11212 114
45
50
H West Chicago St ....100
Amer Press Assoc'n.lOO 100 105 Safety Car Heat & Lt 100 255 266
St
atk
100
390
HTwenty-Th'd
400
HCong 5s 1936. .-.M.N 86
4
Am Soda Foun com.. 100 2
Singer Mfg Co
100 650 663
Deb 58 1906
J-J 100
101
25
64
70
Standard Coupler comlOO
1st preferred
100
Union Ky IstSs 1942 F-A nio 113
9
12
2d preferred
Preferred
100 120
100
Westchest Ist 5s '43 J-J nio
113
7
9
American Surety
Standard MUling Co.lOO
Gas Securities
50 195 205
35
37
Am Tobacco (new) com.. 2bO 300
Preferred
100
NEW
YOBK
80
list
82
Prefd
5s
BBOOELYN
(See Stock Exch
Cent Union Gas let 58... §108 110
625
4s and 68
See Stk Exch Ust Standard OU of N J. .100 618
Atlan Ave 58 1909. .A-O no2
Con Gas (N Y)8tk. See St k Exc h Ust Am Typeto'rs com.. .100
la
37
41
Storage Power
\
h
50
Con 58 g 1931
A-O 113
Conv deb 6s ctfs SeeStk Exch Ust
90 100
Preferred
Swift & Co Sec Boston St k Exc h'ge
loo
6I4
See
Stock
Exc
Ulist
Impt 6s
UMutual Gas
534
103
100 290 310
Amer Writing Paper. 100
1st 5s 1910-1914.... J-J noo
B B & E 68 1933. -A-O 103 104 New Amsterdam Gas
30
31
28
Preferred
Tennessee Copper
lOO
25 t 20
Brooklyn City stock... 10 238 242
Ist cousol 5s 1948.. J-J 4111 1-2 113
75
87
85
5s 1919
861a
&
Pacific
llTexas
Coal 100
J-J
Con 58 See Stock Exch list
N Y & East River Gas—
32
Arizona Con Mining.. .50
32% Ist 6s 1908
A-O §105 UO
BklnCrosstn 6s 1908.J-J 102
1st 5s 1944
234
3
Title Ins Co of N Y..100 195
205
J-J §113 Hi 115
Baldomero Mining
Bkn Hgt8 l8t58 1941 A-O 104 105
Consol 5s 1946
HI 1|Barney<& Sm Car ...100 20 20 H2 Tonapah Min (Nevada). 1 133, 14H>
J-J 5109
Bkln Q Go <fc Sub See Stk Exch list
N Y & Richmond Gas. 100 35
19
135
TreuionPotteries
21
IIPrefeiTed
comlOO
100
Bklyn Rap Tran See Stk Exch list
Nor Un Ist 6s 1927. M-N §104 107
33 Hi 35
Preferred new
94
Bethl'm Steel Corp. ..100
98
100
TlConey Is. & Bklyn ..100 340 350
IJStandard Gas com ..100 130
150
86
86 H. Tro w Directory new. .100
Preferred
65
loo
Isl cons g 4s 1948. .J-J
100
99
llPreferred
Union Copper
CoU.tr. g.s.t. 68 1914.... 103
loO 156 170
=8
10 ^
'i
BrkC& N 58 1939.J-J 113 115
1121^
140
ist 58 1930
150
Union Typewr com.. 100
Bliss Company com
M-N 110
97 Hi 100
50
Qr St<feNe-w 1st 58 '06 F-A 100
1st preferred
117
Preferred
120
50 130 145
100
Gr'pt (fcLorimer St 1st 6s 102
2d preferred
Bond<fc Mtg Guar
120
100 410 420
loo 117
OTHKE crriBS
Kings Co. Elevated
155
Borden's Cond Milk. .100 150
UnitBoxboardcfe Pap.<S'ee Chic U8t
let 48 1949 See Stock Exch list
Vj
113
92
116
Amer Light & Tract. 100 89
Preferred
100
U, S. Casualty
lOu 195
Nassau Eleo pret
100
75
Preferred
British uol Copper
6
100 102 w, 104
5
84
6'f U S Cotton Duck
100
58 1944
'<
A-O 110 113
Bay State Gas
Camden Land
18
s
50
3i3
U S Envelope com. ..100
Ist 48 1951
See St k Exc h list Binghamton Gas 6s 1938
97 100
87
CeUuloidCo
89
100 130 133
loo
H Preferred
N Wb'g&Flatlstex4>28 101 104 Brooklyn Union Gas deb
17
20
Cent Fireworks com. 100
U S Leather new (wi) 100 43 12 4334
Steinway 1st 6s 1922.J-J ni9 121
70
193
75
Preferred.
Prelerred new (w i)100 100 101
68 1909 conv '07. ..M-S 191
100
4'»
4
Buffalo City Gas stocklOO
6
7
Central Foundry
New OS (wi)
98 Hi 983*
100
23
24
Ist 5s 1947 See Stock Exch Ust
Preferred
100
U S Steel Corporation
OTHEBCITIBS
Consol Gas of N J
100
Deb 6s 1919 op 'OlM-N «2Hi 85
Col tr si 5s '51 opt '11 .. §112
Buffalo street By—
Ist 5s 1936
95
Century Realty
Coltrsf 58 '51 not opt.. U12
J J §93
100 160 170
Ist consol 5s 1931. .F-A nis
114
Consumers' L
<& Pow—
Chesebrough Mfg Co 100 440 480
U
S Tit Gu<fc Indem.lOO 132 136
Deb 68 1917
A.O no5 107
104 108
6
Universal Fire Ext'r. 100
68 1938
J-D §110
City Investing Co
7
Chicago City Ry
See C hlcago List
50
1
UDetroit City Gas
Universal Tobacco... 100
lIClatluKll B)oom
100 106
Columbus (O) StRy..lOO
106
96
EUzabeth Gas Lt Co. .100 260 300
99
Preferred
&
Ijlst preferred
100
100
Preferred
loo
112 S Kesex & Hudson Gas 100 12912 I30I2
100
preferred
Westchester
&
Bronx
1I2d
100
Colum Ry con 58 See Ph ila list
Ex u'st"
Fort Wayne 63 1925. .J-I
50
Title & Mort Gnar Co. 165
Colo Industrial. See Stoc
170
Crosst'wn l8t68'33.J-D 108
63
65
Gas & El Bergen Co.. 100
Col & H ock Coal<fe 1 pf loo
80
Westingli Air Brake. .50 U45
64
Grand Rapids Ry
loO
»2
59
Grand Rapids Gas
85
l8lg53 1917
J-J
92
White Knob Mlniug. 10 t
Preferred
1
loo
II4
90
F-A §101 103 Hi Compressed Air Co... 100
Hist 5s 1915
New stock (w i)
Pi
he
Lake St (Chic) El See C hlcago list
Hudson Co Gas
100 1131-2 II4I4 Consolid Car Heating 100
WorthinsrPump pref. 100 120
60
66
IBuyer pays aoomed intereaU 1 Price per share. jSale price, a Ex rights. aEx dlv JNew stock. H Sells on Stock Exchange, but not a very active security
104
117
178
106
108
W
W
H
;
^
So
CLOS ED
$108,000
67,560
81,000
89,000
36,000
Wednesday
93
126
95
99
171^2 173
125
128
N J Teleph.. .100
43 1949
20,939
23,938
28,141
20,881
16,324
Thursday
91
123
115
SO
47
121
Narragan (Prov) El Co 50 tlOli^
51,839
30,584
43,102
39,366
46,322
Tuesday....
Total.
Unlisted
shares
lAsted
shares
sales
9712
& Telephone
North western Teleg. 60
Pacific
5
32
85
106
80
i
NY&QElL&PowColOO
Bond
Unlisted
shares
Listed
shares
Monday
Friday
Philadelphia
Boston
cfe
3
25
no5
HAmerTelegcSi Cable 100
1ICentral& So Amer. 100
Commer Un Tel (N y).25
Emp & Bay State Tel 100
Franklin
100
100
liGold & Stock
II412S, 1905
Hudson River Teleph 100
II
DAILY TRANSACTIONS AT THE BOSTON AND PHIIiADELPHIA
A-O §108
lU .100
J-D
Pat & Pas Gas & EleclOO
M-S
Tl Con g5s 1949
St Joseph Gas 5s 1937. J-J
TelesT
BONDS
Qoyernmen t bonds
H & Pow—
1,000
$20,700
1717
Gas SecuritieH
Bid Ask
Indiana Nat cfe lU Gas—
M-N 25
1st 6s 1908
35
50
60
Indianapolis Gas
M-N
§10434
105
1st 6s 1920
Jackson Gas Co
50
81
A-O § 97 101
5s g 1937
30
Kan-sas City Gas
100
40
100
103
IILaclede Gas
100 100 105
llPreferred
30
35
Lafay'eGaslst 6s'24.M-N
25
35
L.og&WabVl8t6s'25.J-D
Madison Gas 6s 1926.A-0 noG 110
Newark Gas 6s 1944. Q-J §136 137
94
Newark Consol Gas. .100 92
S-D aioHz 111
1ICong5s 1948
4,500
103,252,480
1,076,088
40,625,769
$99,927,650 $9,639,224,875 $3,771,024,325
$425,900
$14,900
$222,600
70,308
Par yalue
$685,379,450
$4,800
Bank shares, par..
JS o. stiares
238.500
81,500
105,100
419,500
January
1904
1905
$12,200
3,000
.f26S,0()0
$13,160,000 $1,112,600
Week ending April 28
Sales at
New York Stock
—
Bonds
HOLI DAY
Saturday
Stocks
u s
State
<fcc
Bonds
Par value
Shares
STOCK EXCHANGE
WEEKLY AND YEARLY
Stocks
Week ending
April 28
——
—
:
1
BOSTON STOCK EXOHANaE-Stock
"Record, Daily,
Share Prices—Not Per Centum Prices
Monday
JSaturday
April 22
8638
f
;
;
-
•
•
Tuesday
April 25
April 24
:
S6»8
861a
Wednesday
April 26
8718
871a
102i4l02'2 I(iji4l02i4 102 14
260 260 *
2C0 260
156 15612 156 156 14 I56I4
•246
*246 248 •246
178 17;i>2 178 179
17S34
*174 175
•174 175
•174
'307
310 310 •307
33
33
3312 33ii
3359
801...
80 "a 8OI5
81
81
•
175
175
'
;
124V2
•
"12
187
•12434
•187
•187
85
102
87
102
25912 260
200
158
ise^e 157
246 246
247
179 ISO
179
175
175 175
*307
32
32
335s
8012
80
80
175
170 171
88
la
'I2414
187 187
;
r
:
K
I
147
75
147
*70
*91
•2014
67
*22io
*70
*91
21
67
204^204^
211
211
74
19 4 201a
67
68
•22 >2 23 12
204 2041a
23^2
r
!
r
•
bO
60
*15
81)
60
62
*15
•53
65
*5478
!t334
r-
t
r
•
2512 261^
r
*21
139
;
•
144
36
105
I
'
r
•
412
412
2m2
6'-i
6Hi
r
.
-
IHj
261^
901a
4I2
o
tr-
-I
94
34
144 la
3y''i
381-2
106 la 106 '8
•31a
82 7g
1-^
lia
334
1^2
81
la
241
934
934
23
-75
734
•
71
14
•2^4
9
57g
2718
6 'a
;
20
8
660
•
:
I
\
5 '6
27'6
6^4
1
12^4
4
20
20
84
8418
4
211s
861*
1434
32
'
134
II2
*
12
660
•II4
II2
1434
1^
15%
•
15
331a
-75
8i«
7'8
641
12
•
-75
81s
•
3
1834
'634
714
39 ^39
661
72
242
-934 10
1081a 108*4
IO6I4I07
9234
331a
901a
534
25
139
136
144
36
1041a
1361a
I44I4
37
1051a
2-114
Amer Agrioul Chem.lOO
Do pret
100
Amer Pneu Serv
60
Do pret
50
Amer Sugar Relin
100
Do pret
100
Amer Telep Teleg.lOO
Amer Woolen
100
Do pret
100
ife
Mar'05 Boston Land
10
120 Cuinberl Telep & Tel 100
21134
2034 Dominion Iron & St
East Boston Land
6
6
253 la 25334 Edison Elec Ilium. ..100
100
175
176 h. General Electric
44 Mass'chusettsG^asCoslOO
431a
Do
pref
84
100
841a
200
205 Mergenthaler Lino.. 100
M exican Telephone . . 10
1
1
100
14
140 14 N E Telephone
Mar'05 PlantCajm t'st stk com 1 00
Ziie
Do
pref
100
15
Mar'05
100
240
240 Pullman Co
*934
10 Reece Button-Hole.. 10
100
1081a 1081a SwUCt & Co
23
Jan '05 Torrington Class A.. 25
120
Do pref
Mai '05
Apr*05 Union Cop L'd
105
931a
34
26
13734
Last Sale
Last Sale i6
Last Salt 3
90I4
33
la
LastSale
Z^ia
Last Sale
IOS-'b
4
201a
a;81
843,.
80
Last Sale 11
Last Sale 10^4
Last Sale 30^
Last Salt ^34
•90
^90
1434 1434
7I4
-39
32
75 12
3312
734
25
<Si Mg.
2o
IO6I4 United Fruit
100
91I2 United Shoe Mach... 25
25
Do pref
34
S Leather
8
7
659
655
•39
-39
1414
7?s,
27 14
534
6i«
6
2818
231a
9 la
241a
578
211a
5^8
2314
10
10
10
5 '8
211a
12
1«
5^6
24
934
1
12-'4
I'^s
99
1^8
134
7 '4
60
3^
II4
25
-76
lis *^75
13
l'Zi4
6II4
3 1-2
4919 50
11-2
Last Sale
25
25 12
98
26
241a 2434
961a 98
25
25
97 14
26
•l^g
I'e
100
lif
1234
5034
3 -a
*1
100
2l8
101
1^8
«lia
134
]34
1^8
7»8
1^8
706
125
120
120
121
2
2
2
'2
8
124
•3I4
1^8
100
IHj
"ITg
V»8
122
*2
12
12
334
1^8
100
IV
2
7'*
»''i
2612
29>4
31'^
"'"
43I4
414
/!?
4218
:;'4
12
1'^
108
109
13.1
134
83*
9
25 la 25^8
301a 32
9
2514
31
'8
9 la
4234
4
•9
"a
12
108
13,
'.'
la
43
4
12
108
13,
pay'totas8088'tec»Ued la 1005.
43
4
12
108
•134
tt
91,
81a
2:ii4
9
2418
33
10
3118
32 'V
91a
93,
4
12
IO8I4
2
421a
4
12
108
•1-34
427fc
4
12
108
2
Do
6
2678
271.2
534
57„
231-2
91-2
-75
I2I4
121-2
49
493^
-3I4
/Is
3-'.,
Apr'O'
2334
24
95
951-.
241a
1 la
99
'-2
25
13.1
100
''lia
134
1''8
I'b
739
734
J2:>»
8I4
23
Ir
303,
9 "8
421a
Mar'05
8'-.
24
313^
9n„
421-2
Ilia
134
Before pay't of assoaa'ts called
31a
18
70
Apr 20
Apr 24 24
i
ll"f
108
1',
500
535
546
13,246
2,630
4,030
1,906
100
2.115
3.100
155
3,895
4,920
665
700
259
35
300
0,185
3,106
26,0 42
Winoua
Wolverine
.
.
......
Wyandot
in looi.
•Bidauda.ikeiL
|1
25
25
25
25
36
Jan
2314N0V
Apr
Apr
801a Feb
232
207
79 la Nov
73i4i>eo
42
95
Feb
J'ly
lie's ^'ov
la
97i4Dec
Nov
173
931a
114
17 la
43 la
146 la
Dec
Dec
Feb
Dec
Deo
1934
7 la
Nov
Deo
8434 Oct
200
234
141
4
17
243
9
116
Jan 11
Feb23
8
Mai
Jan
J'ly
Nov
Nov
Oct
2-^ la
J'ly
26
Nov
6
Oct
113 J'ne
611a Deo
32 Oct
2018 Deo
103 Deo
34 Nov
y9i2Deo
33 Deo
95 la Deo
•75
23 la
101
93
100
Aug
•75
i<33i6
Nov
Nov
Nov
7 78
(
21
Jan
Nov
Dec
Deo
Jan
Nov
Nov
89 "8 Apr 14
43
•75
1
l"
''8
1
'.i
:>
1
la
Jan
5
2
"a
Apr2o
3
6"8Fub 6
9
l-'4
3'.,
.i
Ai)rl,s
Jan
Jim
Apr
11
13.1
Fcb-'l
Jau 18
Jau 3
Marl 4
Apr25 140
3eMarl3
Feb
3 J Janlo
29
Fcb2~
738Jan2i.
9 iMarlO
21 J an 2.-,
210
New slock.
Oct
163i2.a.pr
Feb 265
6 230
1-2
3 74 10,"
1,105
Nor
l1
315 120
2
210
3,561
186
Feb 8234 Deo
Mai
1
Mar
8 Feb 14 Oct
12't,Jan 5
31 la Apr 12 1538 Feb 2934 Nov
2
3 Nov
Jau 13 25 Feb
1 la Feb 23 •20 J'ly
1 la Nov
14 14 Apr 28 1834Mai-13
Feb 22I4N0V
7
2y"4 Jan 25 3o78Aprl7
19 Mai 38^4 Nov
ti^ Apr V 80
Marl5 •39 May 13,8 Nov
8 12 Apr 14
034 Jan 26
6 Oct
7 78 Nov
>i41
Feb2(i 43o Jan 700 Nov
Apr 25 69
•10
•la
25
Nov
M;u'l8
Mar i •Oo Apr
1658Mar22 2t> Jau 1 d 14 Feb 3234 Nov
6
10 May
Marl4 8 S: J an 1 b
O'eJ'-ly
•30
•20 J'lj' •75
Jan
Mar24 •40 Keb
12 Jau 3 1534 oiiu 2o
7 la Apr
14
Oct
64 Jan 25 83 Mar 14 38 l<'eb 74I2N0V
lliaMar3u li5iaFebl5 1034 Aug 36 Jan
60 Janlo 8634 js,iar3
40 J'ne 72 Jan
113 Janlo 117 Mar25 103 J'ly 116 Nov
2^4 Jan 30
3i4Janl3
134 J'ne
4
Nov
8i2Apr27 12 la J an 16
J'ne 1 5 Si Nov
7
2
Mar oiiieNov
6 la Mai lo
5 Jau 4
25 Jan 25 30i4AprlO 20 Oct 34 la Doc
I4
•02
Deo
3 Jau 4
Aprib
5
la I'cb
20 Apr24 28'4 Jan 1^
U "a -^1»)' 3514N0V
Feb to '8 Dec
9 Apr 21 13 la Mar 13 d 3
li-iJauli •45 J'ly
•7o
2
Mar29
Nov
lo3.i Marl;;
3i.jJ')i>
lOiBJan
1 i la Dec
49 Apr 20 561-2 Alar 9 34 18 t'eb 5 7 la Nov
6 ', Aug
3
2 '4 J an
Apr 12 5 14 Janlo
•87 la J an 13
liaJauL- •oO J '111
2I4N0V
yi4
2334 Apr JB 28'aJan
Keb 29 14 Deo
103
Marli
Feb
88 Fob 9
53
98 Nov
25 Aprlo 30iaAprUi 20-'4 Keb 3;; la Not
3 '4 Jan 11 (ioO Aug 15 Nov
II2 Apr2b
99 Apr 24 118 Jaiii',
80 I'cb 125 Nov
9i4.\iir 6
924
U nit States Coal & Oil 25
5 11.351 39 3^ Mar 4
Utah Cou (Gold)
Victoria
108
403
25
100
12
25
Franklin
Granby Consolidated. 10
Greene Consolidateit 10
6
(iuanajuato Cousol..
Isle Royale (Copper). 25
25
Cousol
-Mass
25
Mayflower
25
Micliigan
25
Mohawk
Coke
25
Montana Coaltfe
25
Old Colony
25
Old Dominion
25
Osceola
Parrott(Silv<fc Copp) 10
Cousol
25
Phoenix
25
Quincy
25
Rhode Island
Santa Fe(Gold<S! Cop) 10
10
Shannon
25
J'amarack
25
Tecumseh
25
Tennessee
...
25
Tnnitv
100
United Copper
UiutedSlalesMiniug 2o
Apr
^:
505
Oct
Deo
8014
.i
6,301
154
127
199
SOI4
1
Deo
162 la J an
285 J'ne
142 Nov
57 Dec
88 Deo
175 Apr
24 Jan
7 14 J'ne
5 la Jan
25 la Jan 5 2 6 14 Jan 16 24 la Oct
3 Jan 27
4 Jan 6
2 Jan
1,447 105 Jan 10 115 Feb 20 96 Feb
la
9o
6I34
Jan 3
Feb 17 ib^Foh
4,383
856 3138 Jan 3 391a Feb 16 28 Jan
12 Maris 14 la Jan 16
eiaMaj
lOOiaJanlo 108 '8 Apr 6 77 Jan
4434
200 3478 Jan 4
Apr 7 1034 Feb
40i2Jan
9878 Jan 5 117 "2 Apr 7
838 May
26.436 28i4Jan25 38 la Apr 7
17,090 91i4Jan25 10478 Apr 18 51i8Maj
la
40
67
Mar30
Jan 20 •50 Apr
150
6I2 J'ne
70 18 Jan 17 2 la Feb 6
68 97 la Jan 24 104 Feb 8 76 Mai
7534 J 'nt
6 S6 Apr 26 92 Mar 9
6 92 Feb 8 99 Mar20 90 la Aug
pref
534
914
•75
1751a
174 Oct
303 la Deo
Aug
Jan 17 al51 J'ne 194 Nov
45i4Apr 3 36 Dec 44I4 Aug
Mar 3 257
Apr 28 191
6
la
24 la Dec
Jan 87 Deo
Feb
638 Nov
31a
17 Feb 27i.j8ep
149 Mai- 2 122i2FeU 152 14 Nov
140 4 Mar 7 1221a Jan 141 Nov
148 Jan 4 119i4Feb 149 14 Nov
40*8 Apr 18
9 Feb 24 la Nov
109 Mar31 esiaJan 9434 Deo
3 la Jan 23
3 Not
4 Sep
124 J an 6 112 la Jan 12234 Deo
Janlo 8oiaMarl3 7734 Mai
Jan 5 202 Marl6 173 J'ne
2 Jan 4
11* Apr
Fel) 6
Feb 17 140i4Apr27 118 Feb
234
la Oct
1 Feb 24
Jan 9
10 Jan 6 17 Janlo
8 Oct
88 238 Jan 3 2521a Feb 28 2(18 Mar
6I2 Jan
8 la Jan 12 10i4Feb23
10
343 105 Feb 24 114 Jan 5 2:9934 Mar
23 Jan 18 23 Jan 18 22 Dec
Copper Range Cou ColOO 10,148
Daly-West
20 1,502
.100
lyo
Dominion Coal.
i^ Elm River
*2
251a
431*
Apr'Oo
122
Last Sale
8''8
26
1-2
2*4
22
155
242 la Nov
12 la Apr
Maris
Mar25
Jan 24 24 7e Mar 16
Apr 28 734 Jan 10
38i4Jan
Deo
Deo
254
71
276 191
1
442
884 134
2,863
72
334
1,387
1,1^9
5
1414
8
*5ia
72 119
1,792 17
6
400
222 250
S90 175
3,505
71
2'<6
3 14
---...
10
25
25
771a
la
675
9,670
BostouConC&G
Cons Mercur Gold...
-40
'05 Poiitniental Zinc
Last Sale 117
1,911
19i2Jan25 2918 Aprlo
Jan 3 93 Mar 13
4i4Aprl3
6 Feb 20
20 Jan 17 25 Jan 5
86
9,2ix 13734 Apr28
620 136 Mar23
5,287 14212 Jan 24
8,166 21 Jan 23
1,645 92i4Jan 3
(rcts)£l
25
734
141.^
7414
69o
2,035
8,910
7734
238
914
*-75
25
25
3,814
25
141a Atlantic
32 14 Bingham Con Mincfc S 50
10
(Dev
Co)...
Bonanza
Apr'05
7218
14 14
7734
258
27 «8 28
pref
Allouez
Jan
251a
S9l4N0T
I04I4N0T
:<
Jan 25
8236 Amalgamated CopperlOO 43,973
Feb'U5 Amer Gold Dredging 5
11
Feb 9
Mar'Oo Am Zinc Lead <fc Sin. 25
26 la Feb 17
25
Apr'05 .Anaconda
li4Feb 9
25
Apr'Oo Arcadian
30 75 Jan 25
Arnold
25
la
•40
9
6
287e
9
6
4
21
Sale
•238
9
6
27^8
2I4
Do
Mining
Adventure Cou
(i8t
79
2I4
*8i2
•5'4
Apr'05
Apr'05
657 Calumet & Hecla
Last Sale 15
Apr'Oo Gatalpa (Silver)
19
19
181-. Centennial
181a
Last Sale 7
Apr'Oo Central Oil
654
79
16
I4I4
8I34
Last Sale 60
1438
25
634
4
21^8
78
24 la 2534
9618
94
134
4
1438
263*,
214
7
21
78
20
96
21*
21)
2
tore
1401^
242
L
25
125
•
11-2
7334
I414
314
•I
100
•38
7334
*3'4
*l
24-2
9212
334
IS.
I9I2
•634
17^8
49
•
•
140
33 12 34
650
49 1„ 50
ma
*r34
J
9
III4
9'.t
r
234
22
9 la
*1''8
?
73I2
14^2
9
'75
t
11-2
33 la 3334
;
'
r
90%
Last Sale 5 "a
Last Sale
Last Sale
•l"*
12
'II4
15
33
1734
7I4
-634
•37
-38
1
361a
10534 103
134
1391a 140
4
•
134
1712
f
5
2478 25
13Sial4L3^
1361a 137 %
144 144 'p
12
•251a
*3
312
1061a 107
9334
93
8058
650
f
y7i4
514
*25ia
«3
312
1061a 107
93'%
9238
33 12 3334
1934
15
311a
*
''
Apr'05
97
971-2
23
381a
H8ia
123=8
993^
22
1081a 108 la
1934
*
r
9738
5I4
10
1081a
23
•934
108
*
4
*
r
*y9i4
98I2
I2II4
5I4
241
4
•
;
,
9s lo 98 la
122 126
Highest
Lowest
1,317
i^lisceilaneous
240
240
4
18
-114
r
Last Salt 17
Mar'05
54-8 55
55
*547e
251a
3834
1391a
62
25 14 2858
9034
90
1441*,
13,
80
2738
91
'
:
80
26S8
90'a
5
144 la
'05
212
Apr '05
»
Highest
H
H6iall7
II718 1171*
Last Sale ?J38 Mar'05
Last .sai.e 43 ^i Dec '04
Last Sale 147
Apr'05
1403gl433|,
I37I4 1371a
Si
Jan
21134
.9&'34
80
204
Mar'05
100
100
40^ 'io^
100
U S Rubber
...... ...... Last Sale 116^ Apr'Oo
Do pref
100
351^ 361^
36 »«
35
35-8 3658
3378 351a
Steel
S
Corp
100
U
3459
331a
100 J4 102
10258 1031a 10038 10212
1 01^^102 '8
Do pref
100
991a lOO'f
'•50
-65
•50
60 •50 •OO "•50 -60 '•50
-60
West End Land
25
18 '4 iX'^4.
•18
20
18
18
1*
''18
18
20 West Telep & Teleg.lOO
yoiaioo
99 Si 100
99 la 100
100 100
*99
pref
loo
Do
100
*85
*85
88
88
•85
86
86
88
*85
88 Westing El <& Mfg.. . 50
•94
•93
98
94
96
•94
94
95
*93
Do pret
50
95
CD
tt
>-
211
62
97 12
116
116
*1'4
*3
31^
106>2 1071a
H
^
w
r
139
•25 "2
33=8
r
II2
242
93
•
Ih
6;
203^8
Last Sale 175
9714
78
170
123
Apr '05
Sc^Sg
Lowest
>•
75
66
68
*119i4l20i4 ni9'4 1201.2
22I4
22
2134 21'e
211a
6I4
6I4
6I4
•6
*6
*6
254 la 255
254 la 255
253 255
I78I4I8OI4 1761a 179
17634 178
43^8 44
44
44
44
44
85
85
85
85
8434 85
194 194
195 195
194 199
*1^
••?
6>5ia
Last Sale
221,,
85
242
'934 10
108 108
•
23
98''j
120
120
138-2 139
!2!
t-'
'
85
-192
54 't
9812
1261^4 1283t,
*98i-4 9.S34
116
10134 106
*3ia
334
221.2
74
*
54-^8
175
307
32
Mar'05
147
146
75
1461..
211
173
9734
106'J4
177^17734
43 12 4312
ft
M
o
W
>
Q
«
Q
O
g
126
144
37
'
20412 204''h
212
62
55
144 "i
38
179 la
*174
307
31
78
Last Sale 92
Mar'05
Last Sale 185
Mar'05
18 la 19%
ISh171a
80
9»34
1581-2
246
180
Last Sale 167
Last Sale 232
*
22
22
1381a 139
136 137
254'2 255
r
23 ii
205
1581a
lor Previoui
Year (1904)
85 Apr 2 7 933s Mar 9 64 Mai
182 y9iaJan2.n 104 Is Mar 9 88 Jan
257 254 Jan 3 261 Apr 4 23934 J'ne
1,497 .Tl51 Jau 25 158iaApr28 xVJl Feb
12 242 la Jan 3 249 Man 6 230 Mai
715 173 Jan
185iaMarl4 15S Aug
Do pref
IOC
IC 171
Jan 6 175 Apr
106 Apr
Boston <fc Providence 100
23 305 Jan 18 310 Apr25 295 Feb
Boston&Wor Elec Co
13i2Janl7
547
35 Mar22
Do pref
333 63 -a Jan 17 82 la Apr 13
Chic Juno Ry & U S Yl 00
103 150 Jan 13 182 Mario i36 j"'ne
Do pref
35 124 Jan 9 132 Feb ^ iU6ia J'ne
10(
Concfe Mont Class 4. .100
7 186 Jan 4 I8934 Mar25 180 J'ne
Conn & Pass Riv pre! 100
16012J.-W119 165 la Apr 17 160 Apr
Connecticut River... lot
285 Jan 12 295 Feb 7 276 Jan
FitchUurE; pref
477 142 Jan 3 148 Mario 133 J'ne
100
(id. Rycfc Electric
75 59 la Jan 1 6 76 Marl4 24I4 Jan
100
Do pret
86 Jan 4 92 Mar24 73 Jan
100
Maine Central
175 Jan 24 185 Mar 9 170 J'ne
100
Mass Electric Cos
100 3',796 13i2Febll 23 Apr 3 1 1 14 Sep
Do pref
IOC 1.036 55 14 Feb 11 70i8Mar30 5234 Oct
2134 Jan 3 25iaMarl4
Mexican Central
6
Apr
100
N Y X H & Hart.. ..100 1,322 198iaJan 4 211 Apr 17 1851a May
165 Jan 19 167 Feb2a 159 Aug
Northern N
100
232 Jan 24 232 Jan 24 222 Jan
Norwich & Wor pretlOO
205
Old Colony
124
13 .Tan 5 212
Apr26 198 J'ne
100
79 Jan 9 102 Feb 14 74 J'ly
Pere Marquette
100
Do pref
178 78 Jan 4 87 Feb 6 68 Mai
100
Rutland pref
45 50 Apr 13 72 Jan 19 29 Aug
100
Savaunali Elec com.. 100 "56 15 Jau 13 17 Mar20
50 Jan 5 5578 Apr 18 40 Jan
Seattle Electric
100
119 93 1-2 Jan 9 IOOI4 Feb 25 87 \ May
Do pret
100
Union Pacific
lOo 33,066 113 Jau 6 137i8Feb25 7138 Mai
10 9634 Jan 11 101«8Feb20 86i4Mar
Do pref
100
172 Jan 18 175 Mar 2 160 May
Vermont & Mass
100
West End St
884 93 Jan 3 99 Mar21 89 Jan
50
Do pref
165 112 Jan 3 117i8Apr2>:! 108 Jan
50
16 14 J'ly
Wisconsin Central. ..100
211s Jan 27 25 Feb 23
37 la J'ly
Do pret
100 mill
146
Dec
Mar
20
147
Mar28
143
WoicNash<fe R0CI1..IOO
1241a
1871a 1871a
76512 Apr'05
Last Sale
140^4
•312
334
12()'.2l20ii
*
f
90
23
Si
204
"lo
2534
90^
4^2
201,
681a
98^4
123^2 126 "^ 123-8
yy
9y
9834
'173
*173
97 >4 ^T'i
9734
116 116
116
yo
19
68
*22i2
211
211
99
80
64
211
*
146
'70
1461a 14612
7334 7334
-91
14612 14612
Kaiiroatis
<fe Santa FelOC
prel
lOL
Boston & Albany
10(
Boston Elevated
10(
Boston <fe Lowell
100
Boston & Maine
100
Range
Year
tor
1905
th(
Weelc
Share,
Do
260
259
or
Atch Top
851a
IO214
246
hasi Sale
Last Sale 295
...... ......
^
8518
10214
Mange
Sales
BOSTON STOCK
KXCH.ANGK
Friday
April 28
Thursday
April 27
10284
1-2434 12434
la
STOCKS
Weekly and Yearly
2..
!
),,
13 "s b'ob 1
2o AprK^
3.>i8 2Vprlu
11
'4
43
1.2
Jau
i")
Jau 16
Jan 13
6
l;>'aliLb'il
llgJ'Ul
3ia.\ug
ifi
J'ne
6 IbNov
Feb
13''8Nov
34
Nov
334
6
IS
Jau
30
2
5
Feb 16
69
.•.0
Nov
Nov
Nov
Nov
4}
J'ui-
8
3
3 "a
1034
Ma) 140
4I4N0V
4;> '4 Deo
Mai 18 la Nov
Mai
6
Mar
Jau 2834 Dec
Jan 12-'4Nov
85
•25
2 7„Feb-.:l
120
Maj
o()
47
Nov
Jan 110
Nov
Fell
Nov
13
(Ass'ipaid. tKx-iighis. aEx-div.d;nshl8.
—
5
Apr.
Boston Bond Eeoord.
29, 1905. j
l>^o
BOSTON STOCK EXCH'GE
Week
Frirlav
Ajrril as
einddjg April 28
Bell Telephone 48
An: Telep
& Te,l coU tr
1908 J.J
4s. 1929 J-J
Atch & Nebraska 1st 7s. .1908 M.S
Atch Top & S Fe .a;en g 4s. 1995 A-O
.
St
P Wis V div
F-A
M-N
F-A
120
,r-j
i'ti'f.
1
Mar'05 "9 108
1021.2
96i<
112'-;
fl-O
M-N
J-D
U7 3i
A-O
F-A
W-N
W-S
M-N
J-D
J-D
A-O
A-O
A-O
IW-S
.m:-s
Wl-S
1933 A-O
4s 1921 J-J
1921 Q.J
891,2
81
89^2
101
101^8
100
10134
'04
96I4
IO718
IO7I4
9959
995s
965=
951-^
106 le 108
9912IOOI4
1261a I26I3
100
100
126i2Mai'05
12614 ....
12534 ....
126 Feb '05
108-8 108 Mnr'05
108'..
108^8
109
109 14 Mar'02
II214 Jau'03
102i2Apr'('5
102
98 Apr '05
98
1 09 12 Mar'05
109
103 Is Sale 103 18 10318
IO318 10318
103 ^8
106
106
106
140
14058 Apr'05
140
140
140
101
126
IO8I4 109
102 12
100
101
98
10734 1091.2
1027s 103 1^
103 Is 10318
106 106
139 14058
139 1401,;
,
,
98^8 Sale
126
108 V2
108
1(
9814
98^4
9814
10H4
98
98
98
10012
the purchase price lor
Philadelphia and Baltimore Stock
all
Monday
April 24
<12
KanC <&MEy&Brlst 5sl92il A-O
KanCStJo&C B 1st 7a. .1907 J-J
L E Ft Sni Id gr Ist7s...l905 J-J
1041.2
Maine Cent cons 1st 7s. ..1912
1912
Cons 1st 4s
Mara Hough & Ont 1st 68.1925
Mexican Central cons 4s. .1911
102^2
105
Tuesday
April 25
April 26
"
No
price Friday
ACTIVE STOCK.S
Thursdau
April 27
Wednesit a y
Boston Bonds.
CFor Bonds and Inactive
Friday
April 28
98 14
9711!
931^
93
103
9434
105
1051s 10618
10212 1021a
98
Sale
I2
Dec'04
Aug'04
10334
Apr '05
Feb '05
102
103
103
104
106 14
100
100
104 14
Jan
'05
IO4I2 10634
97
Nov'04
Apr'05
mis "a 11138
Apr'05
1071a 1141,1
1I92H. 119758
102 12 102 >2
106 14 Mar'05
1021a 102 i^j
IO6I4IOGI4
Apr '03
103 ig Jan '05
105
105
103
103
Jan '05
Apr'05
1191
1191
lim
111
100
Feb '03
10234
103 Is
105 Sale
10278
11102 78
1 09 14 Apr'05
'.'.'.'.'.
Mange
10334 10334
106 IO6I4
Mar'02
Apr'05
Apr'05
119758
i03'"
98
12434 12512
103i8l03i«
1
110
94
125 12 Mar'05
103 Is Apr'05
11138
108
25
Dec'04
Dec'04
102
100
105
107
04
100
47
25
J'ne'04
1110278
103
99
:05
7678
Mar'05
1638 Nov'04
75 J'ue'03
10212 Aug'04
97I2
98
lOlSg
and asked.
1031a
105 "a
91
1111411114
H Flat price.
Weekly, Yearly
Year
tor
iange lor Lyevious
Year (1904)
1905
the
Shares
101
108iu
I25S3
981a
100
108
125
104 12 Apr'05
105 ig 105 14
100 Nov'04
120 1^ Sep '04
102 Hj 102
25
Week
Stocks see below)
100'2l02i.j
Jan '05
Mai'Oo
Apr'05
i-i
Daily,
Sales
ot
lom
J'ne'04
76"' "77" 118 Mav'04
7612
75'"
latest bid
;
High,
IOII8IOII4
Mar'O 5
931.2
105 li
Low
High
101 14
101 i-i
12818
101
108
125
98 14
ij,
A-O
A-O
A-O
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
April
Ask Low
.
IO714-..-
100
Note—Buyer pays accraed interest in addition to
Saturdaii
January 1
Bid,
J-J
Jan 1939 J'ly
1st cons mc 3s
Jan 1939 J'ly
2d cons inc 3s
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 5s 1929 J-J
1929 F-A
New Eng Cot Yarn 5s
1906 A-O
New EngTeleph 68
1907 A-O
6s
1908 A-O
6s
1915 A-O
58
1905
Eng
1st
7s
J-J
N Y<& N
1905 J-J
1st 68
1924 F-A
Old Colony gold 4s
Oreg Ey & Nav con g 4s. 194t;' J-D
1922 F-A
Oreg Sh Line 1st g 68
Eepub Valley 1st s f 6s... 1919 J.J
Eutland Ist con gen 41^8.1941 J.J
Eutland-Canadian 1st 481949 J.J
Savannah Elec Ist cons 5s.] 952 J-J
1930 F-A
Seattle Elec Ist g 5s
Torrington 1st g 5s
1918 M-S
Union Pac RE <fe 1 gr g 4s. 1947 J-J
1911 M-N
1st Uenconv 48
United Fruitconv gen 58.1911 M-S
U S Steel Corp 10-60 yr 5s. 1963 M-N
1915 F-A
West End Street Ry 4s
Gold4i2S
1914 M-S
1916 M-N
Gold debenture 4s
Gold 4s
1917 F-A
Western Teleph & Tel 5s. 1932 J-J
Wisconsin Cent Ist gen 481949 J.J
Wisconsin VaUey 1st 7s. .1909 J.J
'04
96 14
96
J-J
10234 10234
99 12 993^
lOl's 1013?
105 J'ue'04
100=8
lOO^s
106-4 Dec '02
99Ss Apr '05
101
M-N
6sl92(» J.J
Dec '04
Sep
Jan
Last Sale
cfc
4,
89
100
107
89 ^2 Sale
A-O
Since
April 2S
Kan C Clin <feSprl3t 58. ..1925, A-O
Kan C Ft S & GuH 1st 7s.. 1908 J-D 108
1928 M-N
Kan C Ft Scott & M 68
125
9Si4
1934 M-S
Kan CM & B gen 4s
1934 MS
93 ^ Sale
Assented income 5s
111041-1
Sep '04
II714 Feb'03
129
12918.
Week's
Banye or
Illinois Steel
108
102
4 94 14
Manne
L^ice
I'^riitav
deben 5s
1910 J-J
Non-convei-tdeben 58. ..1913 A-O
Ist7s..l917
A-O
Sioux
la FaUstS;
C
9934 IOOI4
94
97»8
11
102^4 Feb '05
9934 Mar'do
100 J'ne'Ol
j-j
j-j
M-S
FremtElk<feMoVlst6.s..l933 A-O
Ilegi8tered48
January
110 Feb '04
IO4I2 Apr '00
117 Feb '04
99^8 Jan '02
101 Mar'O
1121^ Jan '03
J -J
W
tr
100 14
102
96 14
J-D
Chic & No Mich 1st gu 5s. 1931
1921
Chic cfe WMich gen 5s
Concord & Mont cons 48.. 1920
Conn & Pass E 1st g 4s. ..1943
1927
Current Eiver 1st 5s
1st 4s... 1946
DetGrEap&
1913
Coal
1st
68
Domii )n
1906
Eastern Ist gold 68
1915
Fitchburg 4s
1927
4s
Unstamped Ist 68
Gt Nor C B & Q coU
BO.NUS
MuiU Ac Low High.
96^4
97
1719
BOSTON STOCK EXCH'GE
WEEK EXDING APRIL 28
M.S
JoUQtbonds 6'«e Gt Northern
Jc Ey & Stk Yds 5s .1915 J-J
CoU trust relunding g4sl940 A-O
Ch Mil & St P Dub I) 6s.. 1920 J-J
<fe
5-=
-5 -c
100>4
Sale
96
Ciiic
M
Since
108
102
Jl.S
W
Ch
Jiani/e
Last SaLe
100^4 Sale
96 ^s Sale
Nor
J'ly 1995
Ailjuslment g 48
Boston Elect Light 1st 6s. 1908
I;i24
Cousol 5s
1907
Bo.ston & Lowell 4s
1944
Boston & JIame4i^s
1905
Improvement 4s....
Best & Mon 8(1 issue 7s... 1904
3^23.1947
Ist
Boston Terminal
1918
Bur&MoBiv ex 6s
1918
Non.exempt 6s
1910
Sinking fund 4s
1917
Butte <fe Boston 1st 6s
Cedar Kap & Mo K 1st 78.1916
1909
2d 78
Cent Vermt 1st g4s..>Iayl920
ChicBnrl cfe Q extend 4s. 1905
1919
Iowa Div 1st 5s
1919
lowaDiv 1st 4s
1913
Debenture 5s
1922
Denver Exten 4s
1927
Nebraska Exten 4s
1921
8 f 4s
B&S
1949
J'UuoisDivSi^s
Week's
Range or
Ask Low
Kid
Am
J
'
H ighest
Lowest
Highest
Loivest
Baltimore
90
P9Hi
'
105
*18
•87
90
105
'
105
105
^531.;,
26I4
658
to
o
o
537s
53
263^
2634
e'-e
64
1218 1214
14
&
1
4i«
6V,
12
12
1218
1218
46
107
46
107
64I4
6334
41s
46''i6 47*18
701a 71
4612 461-^
Ilia 1158
3334 34
465g 477jg
'44
44
70'fl
mh
4612
1138 III9
3458
34
td
W
o
M
b
53
27
14
105 H 1061?
641.?
64
70
14 14
I212
t*
4438
*6034 61
121 12158
44
6078
12012
Bid
PHII>.\5)KI^POIA
6078
21 i-i
1
Ask
*53i2 5414
2658 2678
7
''61a
12
••Ilia
12 14
1218
1412
1434
4734
47\
IO8I2
65 14
4
7078
46I4
10
Iron & Steel
50
Bell Telephone
50
50
Cambria Iron
Central Coal & Coke.lO(j
Preferred
100
Consol Trac Pitts
'A'
5i
Preferred
Amer
Diamond State
ev
60
I4
Steel
Preferred
Easton Con
Electric... 5(
16
Elec Storage Batt
100
Preferred
100
German town Pass
50
Harrison Bros pref. ..100
Lmtianapolis St
100
Inter Sm Pow & Chem.50
Keystone Telephone ..50
Preferred
50
KeystoneWatchCase.HiO
Lake Superior Corp. .100
83
Lit Brothers
10
Little Schuylkill
50
Minehiil & Schuyl H..50
12
Nesquelioning
50
N Haven Iron & Steel.
North Pennsvlvania..50
Penn Gas Coal
50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Phila Co (Pitts) pref.. .50
Phil German (feNorris. 50
Phila Traction
50
Railways General
10
Susqueh Iron & Steel..
Tidewater Steel
lu
Preferred
10
3'
Preferred
46
12 14
34 Sg
477ia 48
'46
46'..
'43 la 4412
46
"2
1L58
601a 6OI2
12034 12178
707j.
46I4
121s 12'-.
331a 34
467ig 477, a
4534
4534
•43
601a
44
60 la
121\ 124
7fc
PHIL,AUEI.PHIA
hi
»17
*33
14
89 la Consolidated Gas
104 14 Northern Central
18 Seaboard Air Line
100
50
100
35
Do prel
100
I4I4 United Ry & Electric. 50
*53
26
54
*45
4318
*60'2
I22I4
•20
Do Ist pre!
4312
Do 2d pref
61
Union Tracton
124
21
Bid
49
9934 100
"17; ""2"
272
50
612
Bid aaa asked prices; no sales on
WelsbachCo
Trust
90
106
120
46
117
110
V
V
M
W
<fe
B
col tr 4s '21.J-J
Ey con 5s 1930
U Trac Pit gen 5s
64
ii's"' il'o"'^
J-D
J-D
12734
i52i.i
Gen cons 4s ad-int ctls.
Leh V Trac 1st 4s '29. J-D
New Con (ias 58 1948 J-D
Newark Pass con 58 1930 1151a
NY Ph <fc No Ist 4s '39 J-J 102 14
Income 4s 1939. ..M-N
No Penn 1st 4s '36. .M-N
Deben Os 1905
M-S
Penn gen 6s cl910..Var iY234'
Consol 6s o 1905... Var
Consol 5s c 1919.. .Var
Penn & Md Steel con 6s.
s f
'97 J-J
5s 1930. J-D
SO
1101a
S^ig .Tan 4
1534 Jan 4
1258 Feb 20
1714 Jan27
138
734
51
Oct
2658 Dec
Is
Nov
t 9
May
May nSSgDeo
III4N0V
Feb
51a J'ly
'
Nov
Nov
141a
20
Aug
U4i8Jan 3
70 Feb 25
6212
3334
Jan 131i2Deo
Feb 5975 Deo
534 Jan 17
Marl 3
48i2Mar27
2 78
55 78
37'''8
Mar 4 Nov
Mar 70 Deo
May 43^8 Oct
May 10^8 Deo
Jan 1 19 Nov
49
Jan 26
7334
5
8
12
?36
1.;
41i4Deo
19 la -Mar
38
28
44 lo
Mar 46 Deo
Mar 42 42 Deo
4534 Jan
May
81
1934 Oct
BALTIMORE
59i4Deo
08
Deo
22
J'ne
Bid
Chas Ry G & El 5s '99 M-S
A sic
95
C & A ext 5s. '09 J-J 1183g
1910 A-O
II314
2d 7s
City & Sub 1st 5s.. '22 J-D II414
ibs"
City & Sub( Waa)lst 5s'48 107
116
11014
116iq
1J5
Knoxv Trac Ist 5s '28A-0 101
LakeR El 1st au5s'42M.S
G512
1151.^
66
2d income 5s 1951
Mt Ver
M-N
Cot
Duck
Ist 5s
Incomes
160
NiJt N&O P 1st 5s'38 M.N
420
94
39
loo's
8
71.^
50 12
General 5s.... 1941 M.S
Norfolk St Ist 58'44..J.J
North Cent4i2S 1925 A.O
6a 1904
J-J
Series A 58 1926
J-J
Series B 5s 1926
J-J
Pitt Uu Trac 5s 1997.J
Poto Val Ist 5s 1941. .JJ
Sec AvT(Pitts) 5s '34 J.D
Sav F"la<fcWest58'34 A.O
Seaboard A L 4s 1950 A.O
Atl& Ch Ist 7... 1907 J-J 106 V
Athm C L RE181952M-S
Atl Coast L(Ct)ctf 8 5s J-D
Ctfs ot indebt 4s
Ja
Bait C Pass Ist 58 '11 M.A'
M-N
Bait Fuudg 5s. 1910
116
95
Exchange 31.^8 1930 J-J 107 la
Eefundtng 3 I2S 1952 J-J
Bait Trac 1st 5s. . '29 M-N
No Bait Div 5s 1942 J-D
Convertible 58. '06 M.N
Ey con58l932 M.N
Ext& Imp 5S.1932 M-S
ill" Clias City Ey Ist 53 '23 J J
^tald.
Is
GaCar&Nlst58g'29J-J 113
Georgia P 1st 6s.. .'22 J-J I24I4
GaSo & Fla 1st 58 1945 J-J 115
58
G-B-S Brew 3-4s 1951M-S
59
& Pot 5s
t*15
43 J'ne
18 Is May
12312
104
1081a 110
119
'8514 85 12
Bonds
Lowest is ex-dividend. U Bs-rights.
Apr 4
283gPebl7
Col&Grnvlst6s.l916J-J
Consol Gas 6s.. .1910 J-D
1939 J-D
5s
Ga<fe Alalstcon 5s '45 J-J
1031.;
118 14
120
Cent'l
ib334
534 J'ne
Oharl
1191a
Balt&PlstOsml'll A-O
ib4"7e
3
Nov
1978
40 Nov
15i4Deo
29 12
30»i
MetSt(Wa8h)lst58'25FA
Inactive (Stocks
Atlanta & Charlotte.. 100
iVtlan Coast Line BE 100
Atlau Coast L (ConnjlOO
Canton Co
100
Georgia Sou<fc Fia...lOO
1st pret
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck
Unit Elec L & P pref. 50
Anacostia
Mar
5414
3
Ask
BALTIMORE
il9'
Consol 6s 1923
People's Tr tr certs 4s '43
P Co lst& col tr 5s'49 M-S
Terminal 5s g 1941. Q-F
Welsbach
i'io'i^
||
ilOia
UTrac Iml een5s'19.J-J
M-S
Pa & N Y Can 7s '06. J-D
A-O
Con 5s 1939
A-O
Con 4s 1939
Penn Steel Ist 58 '17 M-N
Jan
Ex Imp
Un Rys Tr ctfs 4s'49J&J
2d7s 1910
this day.
M 7s 1911
J-D
6s g 1911. ...J-D
M 4s g '47. A-O
Con M ot '82 4s '37. J-J
Con
ConM
412S '14.Q-J
1914. Q-F
412S g. 1924. Q-F
C 1st 58 g '33.. J-J
ext 4s 1st 1948. J-D
,
10034 10078
F-A
1943
certifs 4s
Eocliester
6334
48 g
48
10434 105
P & E gep M 5 g '20. A-O
Gen M 4s g 1920.. A&O
Ph & Bead 2d 5s '33.A.O
P
"89"
Nav
93
Bid
trttst ctls
11034'
Indianapolis Ey 48.1933
Interstate Sys
EEs
PHILADELPHIA
Ask
BaUs Ter
M
Elm & WU 1st 6s 'lO.J-J
Eq II Gas-L Ist g 5s 1928
H & B Top con OS '25 A-O
8
18
50
50
50
789 58I4 Mar 9 61 Is -Apr IS
50 42,509 105 ig Jan C 12538 Apr 18
100
20 Feb 28 28 Jan 17
United Gas Impt
AmRysconv5s 1911.J-D
Atl City Ist 5s g '19. M-N
Bethle Steel 6s 199S.Q.F
Che & D Can Ist 5s '16 J-J
Choc & Me 1st 58 1949 J-J
Ch Ok & G gen 5s '19 J-J
Col St Ry 1st con 5s 1932
ConTracofN J 1st 5s. '33
E & A Ist 58 1920 M-N
Elec & Peo Tr stk tr ctfs
7 .Tllf
1334 J'ue
< Apr 2 7
Apr 17
4934 Mar 9
66 45 la Feb 23 47 Feb 2
554 42 Jan 9 46i4Mar 9
46
ext 7s 1910 A-O
1st os 1926.J-D
16 Jan 13
351a Jan 11
12 la Apr 24
Cambria Steel
50 8,758 25 12 Feb 2
Consol Lake Superiorl:.100
250
Aprl^
*llia 12
Do prett
125 12 Apr25
100
1218 Electric Co ol America 10 36,150 IOI2 Jan 25
12
*14
15 Gen Asphalt mterun ctls.. 1,610 10 Jan 9
•46
47
Do pref interim ctts..
175 40^2 Jan 7
IO8I2 109 k Lehigh Coal «fe Nav
50 1,237 104 Mar25
6258 6378 Lehigh Valley
50 8,972 5212 Jan 9
3^8
MarsdenCo
378 Apr 28
100 1,306
69 12 7o
Pennsylvania HE
50 6,631 671a Jan 25
4534
Philadelp'a
Co
(Pittsb)
50 5,491 4034 Jan 25
451a
12
958 Jan 11
121s Philadelphia Electric. 25 75,963
33 14 Phila Rapid Transits.. 50 10,357 tl734 Jan 4
33
46I4 4718 Reading
50 76,719 3958 Jan 13
Phil Elec gold
Berg&EBrw 1st 6s'21 J-J
57 12 Jan 86 Deo
71 J'ue 109i2Deo
Apr 13
Feb 24
22 12 Apr 11
40 Mar29
2638
UonUs
E
'210
50
Si\ Jan 11 90
Feb 16 110
102 14
18
*6l2
1063^'
48'-:
Fiiiladelphia
American Eail ways
103 14 10334
Gen
Westmoreland Coal. ..50
*
110
631a 65
Annuity 6s
United N J RE&G..100 271
Unit Pow & Trans
25
United Trac Pitts
50
WarwickIron& Steel. 10
West Jersey & SeaSh.50
61a
12
I2I4
4
34
Leli
Leli
66
61a
109
3-3ia-4s
2112
54
2612
*lli2
1218
*14l2
7II4 69II18
Lehigh
2012
2638
661*
Al Val
48 S: 48%
^53
46
110
Inactive !5tocl£s
American Cement
88
H4
22
W
I212
90
106
115
106
101 la
117 H
97
108 12
Seab & Roan 58 1926. J-J
South Bound Ist 08. .A-O
UEl LcfeP l3t4i2S'29 M-N
Un Ry El 1st 4s '49 M.S
<fe
Income 4s 1949
J.D
1st 68 1906. .M.S
2d series 69 1911. ..M-S
3d series 68 1916.. M-S
4th ser 3-4-53 1921. M-S
5th series 53 1926. M-S
J^
Va (State) 38 new '32. J
Fund debt 2-33 1991 .J J
West N C con 63 1914 J J
WesVa C&P l.sl6g'll J J
Wil & Weld OS..1935.JJ
77
33 7(
94
$3 assesa't paid,
i
99
110
119
119
85 12
111
98
9134
5714
Va Mid
I .Ueorganizatloii certs.
7713
34>a
117
86
99
92
571a
11438 116
115
96
9OI2
II512
111 la 112>a
117
$20 paid.
THE CHEONICLE.
1720
[Vol,, i.xjtx.
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER MARCH
Deposits
1905
l^RSfificlmsetts .... ....
Boston
Rhode
....•....••.
Island ....
....
Connecticut
New England States.
New York
New York Cuty
$3,100,5-12
l,684,'l7o
$28,6^3,967
14,094,452
1,451,563
ll,83f<,032
14,3.i9,50J
103,871,297
134.710,304
21,557,545
49,306,409
364,062,006
322 106.800,000
43 34,920,830
79,037,500
17,660,377
1,390,000
2,325,000
13,382,1^2
41,435,084
26,915,000
27,445,000
1,250,000
1,352,000
4
6
Brooklyn..............
1^19j,000
136
59')
Pennsylvania
35
Philadelphia
Pittsburgh...
31
...
...............
24
70
Baltimore
...
District of Columbia...
18
Delaware
..
1
11
Washington City
l,2yi)
Eastern States
"Virginia ....
.
7
7,861,000
6,421,000
3,yo2,9i4
2,973,000
5, 3 y 1,000
750,000
2,675,000
6,820,000
3,020,000
1,855,000
2,600,000
27.141,820
1,550,000
1,600,000
6
1,4.00,000
27
2,590,000
y,M60,025
4,945,000
7,7-5,000
7:
West Vir^nia
48
23
5«
North Carohna
South CaroUna
Georsia
2
Savannah
29
Florida
64
Alabama
26
29
Mississippi............
411
Texas
6
Dallas
Port Worth
Houston
....
..
Arkansas...........
Kentucky
113
.. ....
y
Louisville
63
Tennessee
Southern States
Ohio
Indianapolis
Illinois
y
7
30,417,120
9,550,000
9,700,000
2,850,000
177
14,66-3,310
311
10
7
4,300,000
325
23,-7 4,590
12
82
23,800,000
8,530,000
4,100,000
8,085,000
4,550,000
9,416,000
4,450,000
Chicago
Michigan
5
Detroit
109
Wisconsin
Milwaukee
Minnesota
Minneapolis
St Fault
.
6
210
5
6
..........
267
Iowa
3
4
Cedar Rapids
Des Moines......
3
Dul)uq^ue.........
79
Missouri
6
Kansas City
.......
St Joseph .............
3
8
St Louis
Middle West. States.. 1,664
86
North Dakota
69
South Dakota...........
146
Nebraska
Omaha
.....
Kansas
Kansas City.
Montana
l,3:<7,y74
909,634
1,070,250
4,075,000
7,708,028
1,188,000
695,000
1,017,000
727,560
2,617,850
2,107,000
2.610,2^8
38,227,J60
3,175,000
2,666,080
7,2J7,500
600,000
3,250,000
9,232,500
700,000
500,000
2,870,000
1,085,000
3,552.000
3,000,000
1,311,800
3.705,000
5,091,500
48,035,380
2
4
28
................
...............
19
60
Colorado
6
Denver
New Mexico
Oklahoma
Indian Territory
22
95
118
Western States
828
37
38
Washington.............
3,845,000
1,869,350
1,050,000
5,062,800
4,600,000
7,800,000
1,228,000
805,000
1,100,000
282,000
706,000
50,000
29,287,150
3
Portland ..............
Calilomia
Los Angeles
San Francisco
64
y
7
27
11
4
Idaho....................
Utah
Salt Lake City
Nevada.................
2
13
Arizona .............
Alaska ..................
1
216
Pacific States
Hawaii
United States
640,000
172,500
786,943
246,850
1,161,275
1,120,000
282,150
453,761
966,440
11,228,1^2
1,434,792
484,188
3
625,000
1,369,500
4,177,200
343,178
142,000
334,400
43,000
223,700
5,000
11.237,852
Cities, Etc.
In Millions
s
s
1
1
o
$
V
1
H Bonds
Stocks, etc
S Real estate, &oo Due from banks
g Cleari'g
H excli
Nat bank notes
169
12
13
3
792
72
145
26
54
15
211
2
1
6i)
I 13
1
4
)
11
« Gold
w Silver
1
K
1
l!>
9
4
3
17
12
32
4
2
1
3
2
78
7
15
180 "i "i 16
9
25
4
3
1
4
" Legal tenders.. 5
50 'i 1
5
3
Other resources
2
8
1
2
Totals
294 i,5i;9 37 27 3.-3 227
28
107
22 23
£ Capital
1
• Surplus
14
79 1 2 26 27
•g Undivid profits
8
8
40
1
4
a Circulation
44 'i 1 12 12
8
2 Due to banks.. 91 531 20 5 147 66
« Due depositors. 138
752 9 17 141 98
3
1
g Other liabilities 4 16
Tot.als
294 1,569 32 27 353 227
I
1
12.9 -6,422
200,221
904,324
3.783,846
2.807,7j6
1,642.000
50,000
496,070
1,261,667
12,953,0483.905,134
220,y50,73y
176,504,468
124,379,781
18
5 1
3
2
7
2,745,1,83
3.S4.100
11,.')75,929
797.755
126,580
6i3,906
329,481
241.917
162,000
398,236
23,716,963
2,000,090
11,681,321
20,561,900
10,287,878
10,132,472
21,2y3,570
84,903,649
9,802,978
6,563,166
6,323,129
9,616,754
29,8S6,962
17,479.651
35,656,999
393,173,775
816,84,-1
04.8,544
763,444
900,383
488,000
241,959
974,410
1.763,042
61,000
386,28a
64,024
360,000
1,162,403
135,177
1,844,471
26,368,608
205,000
281,786
401,000
79,946
890,480
1,048,417
30,000
124,000
422.724
129,509
397.381
1.167,323
202,127
199,913
53,036
5,632,641
3
""•2
1
1
1
2
2
9
2
6
'i
7
8
S
'i
'i
'i
'i
1
3
40 15 20 38
4
6
2
6
3
2.0
2
3
4
'i
10
i
'A '2
2
i
2
7
"3
eji
a,
v>
A
1
40 16 2y 38
S
=1
166,717
193,216
183,457
662,224
1.107,673
374,772
2,305,183
40.615,653
392,034
59,822
111,594
115,741
10,>.27
3,285
791,67.)
76,062
5,396,641 42,137,007
87,0.-3
12,000
193,407
118,827
179,474
147,095
398,520
4,473,109
100,480
113,810
112,910
1,223.635
307.300
35,000
88.000
275,550
28.760
449,930
428,650
43,260
174,710
142,420
2,479,860
ifii'.oao
356,760
175,686
809,6o6
274,050
1.066,(»37
2.528,323
187.213
285,176
208,032
9,648,229
3i3,909
2,460,562
160,;::06
300,554
427,414
783,837
81,910
850,097
118,126
229,011
87,698
372,242
5,013,886
864,066
14ci,051
194,092
77,550
497,171
107,093
814,104
429,56^
361.694
78,824
291, 2oy
113,040
76.7.-S8
772,661
378,061
176,500
244,825
597,787
241.129
1,073,813
7,854,945
357,719
3.^,350
287,624
128,282
313,916
60,160
181,450
478,863
64,469
40,379
17,000
141,058
951,984
146,558
33.'.8y7
90,140
145,339
439,984
24,436
38.294
13,228
160,288
172,386
61,906
145,057 4,620.277
5,594,417 19,162,800
130,393
105,431
193,078
27,443
194,311
363,994
20,838
36,650
131,426
69,750
162,842
114,8o5
75,807
183,553
165,7y9
1,966,170
2,777,056
4,861,061
173,908
514,758
1,036,126
30.450
402,100
74,962,313
1,471.318
511,277
386,443
299,983
795,980
46,261
603,806
1.025,862
441,621
232.730
601,686
3.217,553
443,090
417,500
8.00,420
259,923
673,519
804,284
1.239.961
14,226,212
4,078,638
2,707,511
2,444,160
955,500
1,861,592
726,130
3,276,342
17,524,193
1,229,621
842,921
1,013,636
1,461.670
6y8.019
642,340
381,996
1.566,998
49,000
316,889
54,562
526.539
746.305
268,589
6.482,779
48,856.940
76.022
72.620
100.689
4,000
324,315
339,251
10,000
41,000
33,229
19,013
200.757
248,344
38,431
08,320
153,014
411.912
300,007
760.912
133,781
1.194.929
1,120.989
673,108
107,147
463,737
106,699
804,232
1,613.706
181,580
383,660
329,224
1,758,905
8,686.612
173,970
33.160
4.880
87.780
88,900
775,920
30.900
6.300
68.120
390
62.130
2,400
172,626
101,716
65,529
211,4u4
78,431
342,286
69,308
29,974
6l,62y
10,123
99,689
28,204
5,186
57,107
95,779
124,572
56,888
4,302
4,950
88,--i89
1.314.850
1,163.346
15,233
50
492,220
201,123
60,369
23,014
177,886
131,404
58.862
124.141
23.946
63,480
1,927
134,188
40
23,609
7,012
80,621
260
2.l:-i2
6,000
6.040
1,005,868
100
60
8,000
12,000
12.100
3,060
1
6
10
1
3
'i
1
2
32
8
18
1
1
1
3
2
1
9
1
7
1
6 4
24 27
12
13
=1
.0
2
1
'2
7
'2
'i
'i
CO
99
16
i
1
31
3
25
"ri
I
'i
2 2
1
2
i
1
1
2
1
.3y
4
2
7
1
"2
8 9 11
15 ,a is 16
1
1
1
1
3
89 77 24 40 307 32 49 35 39
'4
40 29 16 10 140
io 4
T
'i
6
3
3
"7
1
"1
2
4
$
37
4
8
1
5
"i
t
(J
9
1
"2
s
3
H
1
1
'2
2
s
3
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8
e
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1
19 t 4
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1
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1
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42
30
2
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4 11
2
$
1
3 10
1
9 17
1
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6
5
3
8
10
i
'i
'i
"7
T
"2
1
1
814
322
643
83
149
406 1.047
7
287
18
28
74 888
33
95
51
158
28
51
62
107
23
4,058 3,260 7.308
32'J
1
4
1
1
220
1
1
2
1
92
460
189
108
782
409
195
152 279 431
7 4 3 "i
162 1.6.06
3 4 16 6 13 2 1,394
1,841 2,030 3.871
3 11 25 25 31
1
12
\ 4 17
81 12
19 64 43 52
~1 ~8 "6 '3
321
66
551
280
1
"2
.'.
2
5
$
19 lu
2,094 1,794 3,888
230 314 674
5 4 2
1
81 12
13
71
67
186
2
2
1
1
1
s
1
2
8
2 13
2 6
1
2
1
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6
T
7 25
$ $
'"•2
ie
to
<
$"
5
IH6
<^
e
A
f
1
2
"2
$
1
<a
B
..0
1
2
1
6
4 'i
4 12 180 10
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2^4
1
1
1
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00
5
89 77 24 40 367 32 49 3^
10 10 ^3
24 4
3
S V
B
~¥
16 '65
14 13
5
to
s
<0
8,
i^
$
$
^6 47 12 ft 211 18 29 18
6 2 3 2
8 6 2 5
10 3 3 3 17 2 3 3
4
6,:-;87,180
38.J.880
1,454,393
1,181,587
1,588,899
1.663.097
a
-(
$
$
2
13 15
1
1
90 38
2
1
1
3
45 24
.1
1
"3
15
•,«
"3
2,88.T,223
3,023,121
4,307,901
2.888,929
166,823
93.222,393 3,888,233,696 184.654.oa4 203.049.460 20,790,745 ,74,754,768 167,904,673
1
1
l,t.l7,438
10,000
121,990
612,820
930,000
340,410
74U.OO0
361.450
445.380
176.000
105,000
8,000
154,790
1,154,330
33,700
9,787,640
46,305,300
l,30.;,34o
160,155
10,000
160,155
1
96 38
12
579,895
1,012,898
46,351
1,059,249
87, -J 7 7
448,567
1,441,471
74:^,769
893,920
2,945,000
1,226,000
356,230
809,190
1,743,000
l,3o8,600
21,608,970
3,196,892
9,909,323
1,961,769
1,471,157
1.678,103
2,683,896
4,972,036
482,329
1.163.185
10,267,028
4,275,801
49,708,000
1,070,233
830,417
45,645
450,020
121,160
240,240
850,000
441,7 30
5,254,970
272,300
$359,994
336.670
26»,919
130,000
714,194
864,11(1 23,946,13
429,413
269,624
86,988
171,344
214,611
34,300
104,243
290.742
50,216
116,584
778.067
801,786
1,004,530
3,95H,642
619,556
2,126,166
650,190
2,378,378
251,63.^
353,854
169,339
173,183
217,708
375,124
16,499
233,212
479,827
188,923
262,538
160,800
1,289,0 55
48.249
245,220
90,370
45,360
128,370
6.000
83,510
381,580
88,320
125,240
856,610
663.357
8,635.398
125,!?04,4-9
c
'i
'2
'2
3
3
2,510.j:10
73,738
6,166,046
1
•$
1,765,694
2,657,..61
215.126
1
T
16 17
1,007,258
a,
B
•p.
Sj
3.867.668
2.509,560
69,388.273 110,193.170
453.000
297.716
831,750
326,303
977.790
1,217,078
i66',6o6
215,126
100,477
1,239,208
3,981,431
740,313
6-;6,755
126,542
$169.05(1
245,54.0
6,727,6,07
2,580,059
876,585
2,470,390
2,128,359
4,756,315
5,566.74^
359,882
218,075
854,605
60.645
234,580
44,416
20,140,658
294,710
332,431
951,659
163,412
100,284
293,419
$147,018
128,4:U
96,581
261,614
13,401,277
11,433,285
30.273,697
4,711.281
18.571,881
38,345.266
4,432,377
3,516,058
14.499,895
5,556,304
16,932,517
14,860,854
4,877,037
9,399,053
12,624.409
203,435,221
1,725.613
82,000
1.047,780
Notes
1,625,(567
336,907
122,108
273.984
37.200
161,721
344.K98
84.740
110,128
744,961
2,011,453
250,149
165,477
157,387
246,116
756,969
26,222,019
7.976.281
7,079.0^9
23,716,080
18,752,222
26.489,756
5,185,820
3,194,984
4,280,213
1,123,922
CertiflcaVs
12,'i44,160
6.t2,492
122,877.806
46,149,687
46,619,154
11,950,686
54,375,239
16,888,343
115,564,061
211,126,061
48,631,120
17,779,146
46,056,571
28,925,750
41.038,509
24.410,276
17,854,422
63.771.108
3,186,263
6.097,494
1.821,387
18,656.617
37,487,001
7.024.179
98,814,574
1,086,005,452
813,530
c
1
42,514,587
23,486,210
15,711,567
815,726
651,292
00
V
1
2
9
7, 138,
17,>'48,874
Legal
Tender
fi53,434
2ti9.72y
68.8.07
8,273,126
8,002.430
3,776,316
5.134.520
23,010
113,223
198,610
302,673
492,502
1,846,800
146.150
35,608
2,214,290
85,608
95,353,431 135.044,290
69 -^.HO?
315,420
1.-.
Treasury
506.490
10,985,420
241,200
549,020
7,0,S7,337
50,147,110
1,027,606
1,958"6Y6
16,0.7,483
34,006,083 1,665,445,658
2,421,728
2,236,343
951,885
324,s82
1,886,270
2,050,903
4,7»4,368
1,115,553
c
$
$ T
60 16 1 a
1-|5
1
212,7.-1
Cl
lf7
16
4 34
1
149,360,702
792,186,832
594,793
252,210
847,003
e
r*
c
o
18.579,620
2,110,083
132,836,120
*0
1
l,5ol,39y
10,200,570
1,458,167
1,826,054
1,310,910
13,175,622
5,557 782,487,885 408,888,634 3,777,474,006
rOE RE8EEYK
52,069, :V26
413,309,851
27,049,703
12,860,873
35,341,597
370,508,431
86,000
c
377.8.5S
9,291,.S22
86,000
TOTAIJI
3.525,489
24,3.">4,707
84,753.860
10,030,651
U,867,66»
28,189,710
24.996,107
24.227,520
7,296.163
3,624,019
5,187,712
1.003.530
4,285,736
203,586
154,166,261
2,00,),844
535,000
100,000
635,000
2
Porto Rico
Island Possessions...
168,730,532
14,887.291
13,022,374
30,401,170
3.770,234
15,822,139
44,475,754
2,085,072
3,473,644
16,123,139
5,787,707
31,720,927
30,315,464
5,820,625
I2.876,7y6
11,960,634
242,672.870
1,817,321
6:<.310
113,03.-i,28y
16,575,4'.l4
570,337
368,275
1,877,810
174,500
690,000
$237,470
61,240
1-2,963
915,062
8,658,267
28,073,448
14,272,316
65,765,6-9
163,000
260,000
118,000
l,325,7b3
1,350,090
186,000
11,107,200
79,1«8,045
$1,164,491
443,614
3,.V20.74'.i
,
Silver
Silver
Certificates
413,84')
2,72;-! .893
334.524
60.000
121,000
82,043
132,765,874
138,900,145
67,470,558
13,967,702
56,747,700
30,496,386
44,317,219
16,132,325
17,391,877
60,898,992
1,615,948
2,718,831
1,759,336
21,114,934
29,167,983
6,026,711
65,097,957
991,171,832
$29,465,441
13,558,806
12,092,7.0
551.171
2,2j9,430
3.-S,058,.347
2,010,29-J
2;302,0.-3
3,892,0..7
7
Wyoming
10,583,830
3,930,000
3,135,725
770,000
4,657,135
l,y23,000
9,628,655
12,575,000
2,y31,038
1,115,500
2,562,158
1,.022,500
1,140,000
$407,765
1,0.11,1-7
40,095,001
23,840,769
12,041,209
9,541,960
21,056,381
1,160,547
13,268,176
22,273,48o
9,526,395
10,095,434
21,165,280
79,799,000
8,431,391
4,738.481
8,040,932
1,403,150
77o,61j
2,310,251
225,000
1,150,77S
16,795,000
300,000
800,000
600,000
4,665,000
2,700,000
650,000
16,100,000
204,949,020
162
Wichita
733,883,569
186,045,622
8,657,873
10,615,254
101,971,061
275,334,2yl
137,889,775
96,7(7,403
7,424, 44y
22,56 /,3o7
43,200,173
1,212,383
22,576,353
2,208,.^18
4,'!;oo,iioo
4
Lincoln................
8,r,50,6.")0
46,845,4 1<3
4,042,457
l,l!»6 100,liJ0,»i9
Cincinnati ............
Cleveland
14,439,500
3,279,786
54,611,081
2.',045,000
23,000,000
1,36!<,5,'.0
2,273,985
2,73y,33y
4,675,700
6,401,800
12,090,700
150,000
262,000
4,276.000
2,825,000
285,742,195 222,076,74- 1,654,145,60.1
81
.
Louisiana
New Orleans
Other
83 $10,026,000
56
5,480,000
6,1S5,000
48
1>9 35,432,500
27 27,700,000
27
8,925,250
80 19,949,670
510 113.64s,3-:0
Albany ................
Oold
Treasury
H
Individual
Maine .........
New Hampshire
Loans 4 Dis- Oold and
counts (Incl'g Gold CL'g
Overdrafts) Certificates
Surplus
Capital
14 1905.
.36
27
37
64
8
ly 64 43 62 io 4.068 3.260 7,308
.
.
.
.
Apr.
..
.
..
THE CHEONICLE.
29, 1905.]
1721
Kn& %mlx0K& %nUllxQzntz.
RAILROAD GROSS EARNINGS.
Invtstmjtnt
....jtu
MMAA^V^^WS^f^
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent page.
period.
Laiest Grots
BOABS
or
Week
Month
Samings
Current
Year
July 1
Previous
Year
to
Current
Year
2,600,999
2,439,314
1,850,724
1,047,426
1,100,219
1,874,426
1,008,926
1,125,105
144,809
1,554,412
52,095,971
2,374,404
Vec.
1,568,137
50.653,057
Atlanta «fe Char.. February.. 262,159 305,450 2,444,259
668,743
53,4S8
447,968
78,798
Atlantic &Bir... February..
Atl Coast Line... February.. 1,738,123 1,814,949 14,009,170 13,218,232
97,831
14,624
95.620
11.793
Bait <fe Ann S L.. January...
5,910,621 5,483,811 50,358,185 48,944,986
March
Balt& Ohio
Bangor & Aroost February.. 162,782 170,156 1,364,196 1,311,856
43,20z
4,984
51,948
5,232
Bellefonte Ceut'i March
31.430
2,974
30,178
2,932
Bridgt & Saco R February
128,744 6.434,599 6,049.406
Bufl Koch & f Uts 3d wk Apr 164,978
729.823
71,443
62,833
649.534
Buttalo ASusq... February,
95,513
84,589 1,151.490 1.090,151
CalMorthw'n.-.. March
54,500 3,050,600 2,479.000
66.800
Canadian North 3d wk Apr
Canadian Paolilc 3d wk.Apr 951.000 939,000 40,495,618 36,668,136
179,250 149,250 8,419,616 7,879,071
Ceut'i of Georgia 3d wk Apr
1,930,003 1,698,380 16,592,078 15,931,457
Cent'l of N Jersey March
98,449
2,227
1,669
90,042
Chattan South'n. 3d wk Apr
1,843,344 1,657,826 15,401,559 14.299,907
Cheeap &OhJo... March
884,550 960,599 9,242,313 8,843,584
Chic & Alton Ry. March....
Ohio tit Western. 3d wk Apr 129,379 133,141 6,178,908 6,767,726
98.793 4.461,197 4.250.002
ChlcInd&L'y... 3d wk Apr 111,030
Chic Milw & 8t P February., 3,311,570 3,411,192 33.588.952 33.267.287
4,861,789 4,350,831 41,726,806 41,079.906
March
Chic & North
986,769 870.924 9,177,502 9.022.391
& O. March
Chic St P
27.047 1,225.243 1.265,556
30,376
Chic Term Tr RR 3d wk Apr
ClnNO&TPao. 2d wk Apr 134,124 123,670 5.746,502 5,267,034
ClCinCh& 8tL- February.. 1,495,775 1,464,808 15,251,879 13,903,359
208,530 233,239 1,991,048 2,008,3 2H
Peorla&Eaat'n February.
Colorado & South 3d wk Apr 113,155 100,035 4,939,23s 4,775,417
150,794
18,543
23,040
160,469
ColNewb & Lau. February356,884
44,949
38,030
317,840
Copper Range.... January...
34,092
3,326
4,584
50.887
FebruaryCornwall
164,701
19,544
15,541
162,088
Cornwall &Leb.. February..
Deny.* Rio Gr... 3d wk Apr 300,000 292,300 13,603,646 13,325,883
728,93b
95,620
75,866
717.147
Det & Mackinac. March
26,122
24,841 1,204,405 1.270.398
Detroit Southern. 3d wk Apr
54.764
44,397 2,142,372 2.075,389
DolSoSh&Atl.. 3d wk Apr
February, 2,713.080 2,998.799 29,842,427 29,801,902
Erie
3,31B
2,926
27,973
26,751
F'rchUd&N'r'e'n March
3,531
59,106
5,001
52,087
Farmv & Powhat February.
40,0e8
41,633
473,798
447,448
Fon Johnst & Gl. February.
FtW&DenvCitj February.. 166,437 170,021 1,712,105 1,842,020
250.184 229,497 1,890,884 1,919,271
March
Georgia RR
139,815 144,187 1,294,965 1,297,907
Qa South* Fla.. March
35,843
57,437
GilaValG<i; N.. October...
Qr Trunk System 3d wK Apr 698,039 641,576 28,252,130 27,305,459
GrTr. West'n. 2d wk Apr 123,171 103,997 4,107,039 4,222,778
DetGrH&M. 2d wk Apr 29,087 20,347 l,la9,125 997,195
Great Northern. March... 3,265,003 2.811,426 31,550,475 30,229,600
214,702 230,20b 1,775,908 1,694,039
Montana Cent'i Mai oh...
Total system March... 3,419,705 3.041,634 33,326.383 31.923.639
QulfAShipIsland 2d wk Apr
37,041
30,912 1.467.708 1,456,206
Uockhig Valley 4th wk Mar 101,31ti 120,156 4,511,487 4,482,569
Illinois Central
4,294,167 4,090,660 37,764,:io9 35,481,969
March
lUlnois Seutherij March
21,173
29,026
210,497
181,100
Indlll & Iowa.. January...
154,770 147,069 1.023,141
924,828
Int & Gt North'E 3d wk Apr
100,580
84,237 5,126.94
4,841,400
160,309 127,092 4.814,090 4,737,872
ilnteroc (Mex) . . 3d wk Apr
owa Central
47,789
3d wk Apr
40,495 2,093,817 1,954,530
Kanawha & Mlcl March
142,272 147,603 1,319.3^4 1,255,250
Kan City South'n February. 458,290 545,101 4,35 4, 20 i 4,394,465
LakeErie&Westn December
442,190 438.492 2,645,763 2,770,983
Lehigh Val RR. March
2,786,961 2,894,426 22,867,647 21.980.351
Lexing &, East'u February.
2S,:i5S
35,003
355.119
295,401
Inc.
Long Island
B'ebruary,.
Inn.
10.174
343.205
Louisiana & Ark February..
50,720
436.700
65,291
527,663
Louisv <fe Nashv. 3d wk Apj
739,700 /c 676.280 31,181,065 30.309,125
li,41
Macon & Blrm. March
107,272
10,43t>
103,116
Man'teeA Gr. Ka p November
4,282
37,332
5,802
34,187
Mania & No £as February..
35,089
264,377
32,455
277,487
Manlstique
March
3,920
3,4^4
56,359
61,099
Maryl'd & Penn.. March
24,7S4
237,26o
229,304
22,571
Mexican Cent'i.. March
2,383,305 2,444,961 19,147,997 19.215,385
Mexican latern. February.. 489,545 593,54j 4,352,961 4,517.438
Mexican Ry
WkApr 8
94.700 122,400 4,601.300 4,524,000
Mexican So uih'ii Wk Apr7.
27,850
19,0»(
857.557
877,879
allien & So'w'n.. March
7,402
5,819
11,0."j9
Mineral Range.. 3d wk Apr
10,805
465,937
558,448
4 'J, 845 2,436.71b 2.360.259
53.07-.
Minneap it St L. 3d wk Api
Mo Kan <fe Texaf- 3d wk Api 376.663 272,78i 16,426,566 14.680.644
Mo Pac & Iron Mt 3d wk Apr 664.000 614,000 33,851,0:;0 34,083,35J
Central Brand 3(i wk Apr
33,000
31,000 1,273,440 1.492.469
Total
3d wk Apr 697,000 645,000 35,124,460 35,575,821
MSt
8 StM. 3.1 wk Apr
152,189
108,657 6,987,628 5.744.256
M
ROADS
Previous
Year
S
51,105
62,330
Ala Qt Southern. 2d wk Apr
Ala N O & Texa* Paoitie.
80,022
Mar 103,175
NO & No East. 4thwk
52,029
48,030
Ala & Vleksb'g 4thwk Mar
55,790
53,708
Vicksb Sh & P. Ithwk Mai
Inc. 46,697
Allegheny Valley February..
35,065
30,390
3d wk Apr
Aim Arbor
5,960,923 5,529,512
AtchTop &8 Fe. March,
Latest Oross JSamings
Latest Date.
W
..
•
.
:
i
Week
or
9,263
2,483
Gulf&Chlc.Dlv. Wk Apr 8.
12,297
Total both dive. Wi Apr 8
Mobile & Ohio... 3d wk Apr 135,865
NashCh&StL.. 3d wk Apr 187.866
tNaflRRof Mex 3d wk Apr 229.379
14.858
Nev-Cal-Oregon March
4,242
Nevada Central.. March
7,003,2a6
N Y O & Hud RlY March
586.065
N YOnt& West. March
201,393
S^ Y Susq & Wesi February
Norfolk & West'i February.. 1,741,571
670,179
Northern Centra. February..
4,161,423
^fo^th'n Paclttc. March
12.342
Ohio Rlv& West.. February..
452,019
Pacific Coast Co. March
ePenn— EastP&£ February., 8,688,824
,
eWestP&E.... February..
Inc. 1
Pere Marquette . 2d wk Mar
PhUaBalt&W'sh February,
Phlla <fe Erie
February..
Pittsb C C & St L March
Raleigh & O Fear December
Keading Railway March....,
Coali&IrCo.... March
Total Both Cos. March
Rich Fr'ksb & P February.,
Rio Grande Jet.. February.
Rio Grande So... 3d wk Apr
Rock Isl'd Sys... February.
237.091
980.016
447,940
2,180,633
3,809
3,402,253
.
RR
Rutland
4th week Jan. (51 roads).
Ist
2d
3d
4th
Ist
2d
3d
4th
Ist
2d
3d
week Feb.
week Feb.
week Feb.
week Feb.
week Mar.
week Mar.
week Mar.
week Mar.
week Apr.
week Apr.
week Apr.
(48 roads).
(46 roads).
(48 roads)
(50 roads).
(47 roads)
(43 roads).
(4S roads)
(49 roads)
i43 roads).
(42 roads).
(37 roads).
Previous
Year
$
8.102
1.425
9,708
$
Mob Jack & K C. Wk Apr 15
1,928,818
5,331.071
118.340
29,002
8,378
2,794,104
116,543
188,290
254,962
10,903
1,698
6,460,258
534,261
225,038
1,686,332
719,579
3,493,868
14,684
456,715
8,345,424
67.100
216,491
945,416
498,687
2,009,971
4,078
2,962,818
2,279.386
5.242.204
110.625
36,758
8,220
3,420,610
December
74,064 116,901
Jos&Grl
February.
StL&SanFrangi February. 2,430,519 2,870,434
St L Southwest
3d wk Apr 16y,779 117,954
St
.
Seaboard Air L.
Southern Ind
SoPacifloCo6...
Southern RaUw'y
Texas Central ...
Texas & Pacific..
Tex S V & N W ..
Tol & Ohio Cent
TolPA West
TolStL&W
....
TorHam&BiLtt.
Un Pac System
VandaUa BK.—
.
February.. 1,043,850 1,115,722
107,464 110,200
March
February.. 6,582,012 6.812,640
3d wk Apr 888,642 817,4:^6
12,780
8,635
2d wk Apr
3d wk Apr 196,305 181,728
12,000
16,100
January ..
49.372
39,221
Istwk Api
20,167
18,764
3d WK Apr
62,994
64,123
3d wk Apr
72,410
60,209
Maich
February 3,821,461 3,837,90"
Louis Div.. January.
Terra H. & Peo. January...
Virginia & So Wn March...
St.
.
Wabash
W Jersey &
3d wk Apr
Sea'e February..
Wheel & LE
3d wk Apr
Wm'sport&N.Br. February..
Wisconsin Cent.. March
Wrightsv
Yazoo
&
T'n.. February..
& Miss.
V March
VAKIOTJS FISCAIi
348,679
51,196
70,015
428,477
205.144
85,435
10,406
558,143
12.682
798,945
YEAES
Allegheny Valley
Atlanta & Charl Air Line
&
Jan.
to
to
to
to
Mar.
Dec.
Jan.
CI. O. C. & St. Louis
Jan.
Peoria & Eastern
Jan.
International
Gt North'n.. Jan.
Interooeanio of Mexico
Jan.
Lake Erie
Western
Jan.
Manistee
North Eastern.. Jan.
Manistique
Jan.
to
to
&
&
&
Maryland & Pennsylvania.
Mexican International
jMexican Railway
JMexican Southern
t
.. ..
Missouri Pacific
Central Branch
TotaL
tNational
RR of
Mexico
New York Central
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Northern Central
ePenusy., East of P & E
eWestof
Phila Baltimore & "Wash
P&E
Philadelphia & Erie
Pitts Cin Chic & St Louis
Rio Grande J unction
Texas
West Jersey
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Deo.
Jan.
Jan.
to
Current
Year
Latest Date
Prevtov.s
Year
*
388,360
112.955
492,082
6.577,735
8,154,597
9,305,372
161,144
25.517
60,543,494
5,156,537
1,730,359
15,422,279
6,820,069
38,630,246
134,808
4,577,100
79,449,116
321,455
79,133
392,496
6,246,002
8.205,057
9,243.836
140,905
23,757
58,440,872
4,905,310
1.689,221
14,847,260
6,687,069
36,078,253
138,957
4,345,796
9.290,416
4,500
7,820,042
8,927,294
5,121,050
18,353,875
/nf.1,59
8,959,681
9.067.294
5,144,656
18,614,624
24.816
:^4,160
27,133,223 25,714,687
25,111,132 24,427,119
52,244,355 50,141,806
936,814
890,726
380.749
411,358
388,309
373,664
29,706,035 31,866,614
1,352,073 1,329,489
823.84b
926,435
26,086,562 24,624,150
7,267,131 6,373,034
8,076,983 8,336,802
l,06iJ,915
980,196
t>3,241,006 63,828,095
39,186.382 37,052.145
682.878
629.772
10,632,251 10.130.138
96,200
102.100
2,990,055 2,807,121
1,038,541 1,067,055
2,981,567 2,622,618
495.089
470,945
39.826.835 37,923,072
330,098
48,117
417,308
379,556
475,319
44,676
467,560
420,761 20,358,630 18,537,870
220.644 2.932,860 2,957,060
87,091 3,549,720 3,516,589
113,430
113,547
11,694
519,030 4.940.839 4,871,291
128,997
15.819
120,840
672,085 6,802,226 6,171,743
Period
Atlantic
Birmingham
Bellefonte Central
& Paclttc
& Seashore
AGGitEGATES OF GKOSS EAKN 8 XGS— Weekly and
WEEKLY SUMMARIES Current Tear Previous Y^ar Iiic. or Dec. P.C. MONTHLY SUMMABIES
P&
Current
Year
Month
July 1
Current
Year
Inc. $15
Feb. 28
Feb. 28 ,$3,593,773
249.397
Feb. 2b
15.381
Mar. 31
Feb. 2b 3,110,591
463,527
Feb. 2b
Apr. 21 1,652,260
Apr. 21 1,956,153
Deo. 31 4,970,992
78,8.S6
Feb. 28
13,649
Mar. 31
24,784
Mar. 31
Feb. 28 1,023,371
Apr. b 1,691,200
324.29:^
Apr. 7
Apr. 21 11,348,026
441,440
Apr. 21
Apr. 21 11,789.466
Apr. jLI 3,635,594
Mar. 31 18,443,088
Feb 28 1,410,215
Feb. 28 17,999,598
Inc. 9
Feb. 2b
Feb. 2b 2.036,556
Feb. 28
937,011
Mar. 31 6,124.179
Feb. 28
117,030
Apr. 21 3,635,894
Feb. 2b
400,654
Previous
Year
9,481
$3,435,901
171,561
15,002
2,833,227
462,306
1,506,194
1,954,527
5,218,728
74,262
16,032
22,571
1,176,165
1,773,600
329,887
12,080,067
523,469
12,603,536
3.647,198
17.231.453
1.416,915
16,819,298
63,700
1,901,456
947,866
5,634.899
134,675
3,620,915
421,354
Montlily.
Current Year Previous Y'ar
Jtw. or Deo.
P.C.
$
11,351,443
7,013,165
6,744,568
6,943,146
8,878,591
8,182,655
8,606,740
8,527,388
12,928,258
7,670,982
7,870,100
7,612,501
10,493.163
6.973,620
7,251,543
7,112.251
9.475.624
7,403,362
8,016,341
7,853.800
11.643,05iJ
6.990,95(.
203.788
6,956,069
7.
+ 858,280
+39,545
-506,975
-169,105
—597,033
+ 779,293
-+590,39'.*
+673,58b
+ 1,285.199
+ 080.032
+ 666,31fr
+ 656,432
Month Apr.
Month May
Mouth June
Month July
Month Aug.
10-52 Month Sept.
7-36 Moutb Oct.
8-58 Mouth Nov.
1104 Month Dec.
1904
1904
1904
1904
1904
1904
1904
1904
1904
9-71 .Mouth Jan. 1905
y-25 .Month Feb. ly05
9-44 Mouth Mar. 1905
8-18
0-57
7-00
2-38
6-30
rds.) 132,433.290 136,783,139
rds.) 130.935,613 134,660,386
rds.) 113,351,491 114,280,175
rds.) 132,-242,621 139,712,599
rds.) 145,292,493 144,558,473
rds.) 151,475,0-24 147,338,536
(i-.:4 rds., 159,732,959 154,758,62-,.'
(124 rds.i 154,304,117 140,909,476
(123 rds.) 146,748,102 136,889,640
(116 rds.) 1-27,073,053 119,220,07e
(117 rds.) 113,714,506 117,252,135
56,141,128 50,941,953
( 62 rds.)
(127
(128
(108
(125
(122
(124
—4,349.849 3-18
-3.724.773 2-77
—928,684 0-81
5-35
0-51
2-81
3-21
+ 13.394.641 9-51
+9,858,462 7-20
+7,852,980 6-58
—7,469,978
+734,020
+4,136,488
+4.974.337
—3.537.629 301
+ 5,199,175
10-21
t Mexican currency.
6 Includes the Hous. <fe Tex. Cent, and its subsid. lines in both years.
i^Inoludes
e Covers lines directly operated.
the Chicago & Eastern Illinois in both years.
k Atlanta Knoxvllle & Northern included in both years sinoa April 1; It had prevloualy been
Included In 1905 since Jan. 1.
.
—
...
.
THE CHRONICLE.
i7-2e
Earuingis Hj Wbsks.— In the table whioh
follows we sum up separately the earnings for the third
week of April. The table covers 87 roads and shows
9*44 per oent increase In the aggregate over the same week
[Vol. lxxx.
—Current
Grosn learnings. —
Precious
Lftteat (dross
last year.
3d
1905.
Inerecue.
1904.
S
35,065
128,744
64.500
939.000
149,250
133,141
98.793
27,047
100,035
292,300
24,841
44,397
Grand Trunk West .. >
Det.Gr.Hav.&Mllw.>
698,039
641,576
66,468
—
100,580
16.343
33,217
7,294
68,420
62,994
428,477
85.435
84,287
127,092
40,495
676,280
11,059
42,845
108,657
272,781
614,000
31,000
116,543
188,290
254,962
8,220
117,954
817.426
181,728
20,167
64,123
430,761
87,091
7,612,501
6,956,069
.
A Plttsb'^.
Canadian Nortbem
Canadian Paolflo
Oenxral of G^eorRla
OUattanoosra Sonthem...
CMoaiJO wraat WesternOhio. iDd'pUe A Loulsv..
Olilo. Term. Transfer....
Colorado & Son them
Penrer & Rio Grande
Detroit Bonthem.
So. Shore A Atl..
©r^d TmnS of Canada i
Dalnth
International & Gt.Plo..
Interooeanio (Mex.)
........
Iowa Central
160,309
47,789
789,700
10,805
53,072
152,189
376,663
664.CO0
33,000
135,86f
187.866
229,379
LoiOByllle & NaabvUle..
Bdlneral Ransre
MlnneapoUe & St. LoiUb.
Minn. St. P. & S. 8te. M..
HO. Kansas A Texas
0. Paolflo A Iron Mt. .
f
.
Central Branoli
Mobile AOlilo
Nasbv. Cbat. A St. Loals.
National RR. of Mexico..
Klo Grande Soatnem....
St. Lon Is Sonth western..
Boutliem RaUway ......
Texas A
8.378
169,779
888,642
196,305
Paolflo..........
Toledo Peoria & West'B.
Toledo St. L. A West
18.7fi4
..,.
Wabasb
WheeUng A Lak e Sr i«. .
.
Total (37 roads)
Wet Increase <9-44
p.o.
4,675
86,234
12.300
12,000
80,000
658
1,669
mm^r
-
> >•
3,762
12,28-?
3,329
18,120
7,700
1,281
10,367
2d week of
Tear.
Tear.
$
618,113
$
660,646
$
194,462
July 1 to Mar. 81.... 4,973.817
4,946,111
1,451,808
Kan. City Sonth. a.. Mar.
$
160.684
1,392,068
••••••••
•••>••
26,583
424
.**.....
...•...*.
1,403
1,129
7,716
....
....
695,318
656,432
1905.
rd's)
Alabama
Gt. Bontnem..
Chlo. Indl£kn'Us A Loolsv
Oln. N. O. A Texas Pao..
Detroit Sonthem.........
Golf A Ship Island
Interooeanio of Mexico..
Mob. JaobBon A K. city.
National RR. of Mexico.
Texas Central.....
Total (42 roads)
Inoreafte i9
25
Figures are for
1904.
Increase.
$
s
7,105,781
62,330
112,957
134,124
24,803
37,041
138,057
6,500,504
61,105
• »»•
1,656
88,886
100,030
123,670
28,878
30,912
127,092
1f9,263
118,102
282.970
12,780
239,860
7,870,106
7,203,788
24,734
1,161
8,11C
4,145
8,635
891,052
666,318
p. o.)..
week ending April
Deerea$e.
$
630.011
11,22?
12.927
10,454
925
6,129
10,965
24,734
16.
Net Eamings Montlily to Latest Dates.—The table following 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, Is given
once a month in these columns, and the latest statement of
this kind will be found in the Chboniole of April 22,
1905. The next will appear in the issue of May 20, 19C5.
,
—- Gross Earnings. —
^
Ourrent
Previous
Tear.
Year,
Soad*.
$
$
AtOb.T.AB. Fe.b.-Mar. 6.960,928 6,629,612
July 1 to Mar. 3l.... 60,653,057 52,095,971
Atl'ta A Char. A. L.aFeb.
262.159
305,450
July 1 to Feb. 28..^ 2,444,259 2,374,404
Boston Rev.B. ALynn—
Jan. 1 to Mar. 31....
100,406
108,927
July 1 to Mar. 31.
434,215
467,075
Bafl. a. A Fltrbs.b.Mar.
642,919
652,868
July 1 to Mar. 31
5,999,926 6,668,175
California A N. W.a.Mar.
84,589
95,513
July 1 to Mar. 31.... 1,161.490 1,090,151
Cent.of Oeorgla.a.Mar.
937,566
852,363
July 1 to Mar. 3i
7,874,066 7,417,021
Cent.of N. Jersey. b.Mar. 1,930,003 1,698,380
July 1 to Mar. 8i..., 16,692,078 15,931,457
Chesap. AOhlo.b..Mar. 1,848,344 1.657.826
July 1 to Mar. 81. ...16,401.559 14,299,907
OhloaKO A Alton.a.Mar.
884.560
960.599
July Ito Mar. 8l.... 9,242,313 8,843,584
Cuyahoga Telep.Co.Mar.
45,023
33,829
Detroit A Maok'o.aMar.
95,620
75.866
July 1 to Mar. 31
717.147
728,938
Falroh. AN. EKnt.bMar.
2,926
3,313
July 1 to Mar. 31
27.a73
26,751
Georgia RR.a
Mar.
250,184
229,497
July 1 to Mar. 3i.,.. 1,890,884 1,919,271
Hooking Valley. a. Mar.
463,459
402,130
July 1 to Mar. 31.... 4,511,487 4,482,569
Iowa (Central. a... Mar.
216,087
242.888
July 1 to Mar. 31
1,948,676 1,829,406
Kanawha A Mich .a. Mar.
142,272
147,663
July 1 to Mar. 31
1,319.824 1,255,250
;
Maryland APenn.. Mar.
c Mexican Cent
Mar.
24,784
22,671
Net Earnings.
Current
Previoris
Tear
Tear.
$
$
t2.016,916 t2.057,054
tl7271876 120420182
67,200
105,062
769,466
861,656
def.4.202
def.8,677
48,960
205,069
2,302,782
5,021
292,913
287,861
2,189,370
906,416
7,917,766
658.962
5,546,317
279,225
3,137,422
19,498
87,110
231,826
1,421
8,249
92,989
575,719
82,239
1,479,823
r59.750
r3ll,821
23,175
174,576
45,526
275,145
2,406,694
def.11,699
209,079
262,352
1,847,009
686,887
6,987,686
590,413
4,834,335
803,834
2,919.069
14,546
21,409
232,308
6,819
4,461
2,388,805 2,444,961
902,614
721,955
July 1 to Mar 31. ...19,147,997 19,215,385 6,009,657 4,692,820
MlllenABouthw.a..Mar.
7,402
6,819
2,299
def.13
Mlnn.ASt.Lonls.a.Mar.
277,109
236,463 vl20,359 vl01,867
July 1 to Mar. 3i.... 2,270,120 2,216,373 v863,404 v886,012
Nevada Central. ..Mar.
4,242
1,698
2,231
deM49
July Ito Mar. 81....
25,517
23,767
9,116
3,679
N. Y. Ont.A West.aMar.
686,068
634.261
155,198
111,698
July 1 to Mar. 31.... 5,156,587 4,905,310 1,410,848 1,070,026
Paolflo Coast Co. a. Mar.
462,019
456,715
82,626
86,013
JiUy 1 to Mar. 31.... 4,577.100 4,345,796
896,031
811,347
Pltte.O.C.ABt. L.aMar. 2,180.633 2.009.971
478,064
867,602
Jan. 1 to Mar. 31.... 6,124,179 5,634,899 1,114,189
977.874
s
Mar
18,897
52,839
Jan. 1 to Mar. 31
10.227
43.532
103,882
50.000
2.000
19,322
158
51,825
71,216
14,577
2,786,961 2,694,426 sl.191,663 81,085,088
July Ito Mar. 31... 22,867,647 21,980,351 s9,000,087 s7,978,416
Company
254
..
April.
PreTlouBly rep'diSS
II
Previous
Tear.
Pooahontas Coll 1 e r l e
For the second week of April our final statement covers
42 roads, and shows 9'25 per cent increase in the aggregate
over the eame week last year.
Net
Xcl JAirniiigs.-^—x
Current
Tear.
Roads.
Dtereeue.
$
30,390
164,978
66,800
951.000
179,250
2.227
129,379
111,030
30,376
118,166
300.000
26,122
54,764
ArbOF.
BoffAlo Rooh.
.
Lehigh Valley RR.bMar.
teeek of April.
Ann
,
Reading Company—
Phlla.ARead'g.b.Mar.
3,402,253 2,962,818 1,598,756 1,197,398
July 1 to Mar. 31. ...27,133,223 26,714,687 12,563,757 9,896,417
OoalAIronCo.bMar. 1,928,818 2,279,386
193,457
34,168
July 1 to Mar. 31 ...25,111,182 24,427,119 1,790,742 2,139.510
Total both Co. 's.bMar. 5,331,072 6,242,204 1,792,214 1,231,566
July 1 to Mar. 3l.... 52,244,356 50,141,806 14,354,500 12,035,926
Reading Co. b
111,082
Mar
114,363
July 1 to Mar. 31
1,052,604 1,059,325
Total all Co.'a.b.. Mar
1,903,296 1,845,929
July 1 to Mar. 31
15,407,104 13,096,251
258,245
287,824
31,606
Toledo A O.Oont.a.Mar.
61,955
716,464
699,037
July 1 to Mar. 31.... 2,941,283 2,767,900
United States Telephone
84,328
32,181
Co. (Cleveland).- Feb.
11,571
13,246
70,015
34,029
14,458
Virginia A So'thw.bMar.
44,676
475,319
467,560
202,299
149,127
July 1 to Mar. 31....
218.721
Wabash.b
Mar. 1,872,460 1.750,617
216,753
July 1 to Mar. 31....19,106,253 17,311,700 8,557,999 3,964,185
558,143
July Ito Mar. 31.... 4,940,889
Wisconsin Cent'l.bMar.
519,030
176,685
4,871,291
1,655,897
139,383
1,520,099
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c These flgures are In Mexican currency, and are convertible Into
gold at the ourrent rate of exchange.
r For March additional income is a debit of $3,346 this year, against
a debit of $9,703 last year. From July 1 to March 31 additional Income is a credit of $34,940 this year, against $33,706 last year.
8 Inolndlng other Income, total inoome (exclusive of results of coal
companies) for March is 91,259,019 In 1905, against $1,104,235 in
1904, and for period from July 1 to March 31 Is $9,410,701 in 1905,
against $8,383,425 in 1904. Deductions from total Inoome for additions and improvements were $86,390 in Maroh,1905, against $257,666
in 1904, and from July 1 to March 81 were $905,779 in 1905, against
$719,000 in 1904.
-vFor March additional Income is $8,758 this year, against
$2,754 last year. From July 1 to March 81 additional inoome Is
$95,659 this year against $98,737 last year.
t For March, 1905, taxes and rentals amounted to $182,288
against $206,744, after deducting which net for March. 1905,
was $1,833,627, against $1,850,310. From July 1 to March 31,
1905, net after deducting taxes and rentals is $15,615,011 this year,
against $18,673,508 last year.
Interest Charges and Snrplns.
Int., Rentals, etc.
^Bal.of Ket Eam'gs.—%
—
,
>
Ourrent
Previous
Tear.
Tear.
Moods.
$
$
Boston Bev. B. A Lynn14,808
15,900
Jan. Ito Mar. 31....
47,601
45,269
July 1 to Mar. 31....
26,916
26,967
California A N.W.. Mar.
243,630
235,699
July Ito Mar. 31....
^[717,627 11544,848
Oent. of N.Jersey.. Mar.
July 1 to Mar. 31. ...115,458,262 114,626.882
10.266
11.836
Cuyahoga Telep.Oo.Mar.
Mar.
a52,823
a51,094
Georgia BR
a463,326 a467,298
July 1 to Mar. 3l.
77,803
73,240
Hooking Valley ...Mar.
740,755
686,246
July Ito Mar. 3l....
20,785
19.690
Kanawha A Mich.. .Mar.
185,041
179,423
July Ito Mar. 31....
2,876
3,834
Maryland A Penn.. Mar.
59,745
65,784
«. Y.Ont.AWe8t...Mar.
513,358
557,119
July 1 to Mar. 31....
Pooahontas Collieries
Company
Jan.
Ito Mar.
Mar.
31....
dl6.049
d47,348
Curi'ent
Tear.
Previous
$
$
Tear,
def.15,771 def.21,460
10,436
17,666
def.21,895 def.38,656
49,283 def.26,620
188.889
140,639
2,459.504 2,360,808
4,280
7,662
*42,938
»26,078
•161,290
*197,6S5
"10,317
•77,910
•1,144,427 '1,106,300
*12,018
"4.111
*619 Mf.l7,4Sl
2,486
1,676
89,412
51,958
858,729
656.168
3.849
6,491
895
460.665
885,264 1,037.796
865,600
7.789,501 7.967,376 7,617,603 6,127,876
July Ito Mar. 31
-20,261
38,957 *df.l5,012
36.937
Toledo A Ohio Cen.Mar.
364,680 *409,786 *821,439
837,990
July 1 to Mar. 3i
United States Telephone
4.878
8,373
2,461
9,110
CO. (Cleveland).. Feb.
147,691
34.184 def.6,097
145,184
Wisconsin Central.. Mar.
242,881
369.650
July Ito Mar. 81.... 1,313,646 1,314,666
6,744
78,901
695,077
151,966
1,494,667
r52,742
r334,845
81,975
162,097
After allowing for other Inoome received.
flxed charges In this flsoal year are expenditures
for renewals, additions and improvements amounting to $207,199 for
March, 1905, against $43,234 In March. 1904, and to $1,280,245 for
period July 1 to March 81 against $495,944 the previous year.
a Charges here Include road-rental (paid by lessee)) and other
deductions.
d Charges include sinking fund and preferred dividend.
^Al?oompanle8...Mar.
*
t Included in the
.
Apr.
....
.
....
.
THE CHEONICLE.
29. Wio.l
23
— Gross Earnings. —
STREET BAILWAY8 AND TRACTION COMPANIES.
LateMt Oroi* Warningt.
6BOS8
EABNIHOa.
Albany
Ian. 1
Our'nt Prtv'ut
Tear.
tear.
WaakorMc
Latest
to
rt<t.tt
Ourrent
Year.
Jr«ar.
S
A Hadson .. March
20,881 19,332
60.035
65.307
109,970 103.090 dl,092,165 dl,O47,607
merloan R'ye. Co.D March
35,230 24,38?
81,588
AOT. Elgin <b GMo. B} March
66,839
March
18.988 17,031
Blngbamton By
64,360
49,659
22,47.S
14,143
Boston & Worcester.. January ..
22,473
14,143
Bnrllngt'n (Vt.) Trao March
5,580
6,084
15.971
14,589
Eleotrlo..
February 395,786 273,466 827.812 649,979
Oal. Oaa &
March..... 41,280 41,494
Cent. Penn. Traot. .
116,897
112,286
30,290 22,839
Chicago & Mil. Eleo March
78.716
59,874
Oak
Parte...
c.
71,918
March
CIilo. <&
68,059 201,591
191,928
Dayton
Tol.Tr
&
February
30,089 31,064
Oln.
68,587
62.105
OitlMna' By. & LtgliT
(MQBoatine, Iowa).. March
9,441
7,235
29,367
23,712
87,219 33,860 102,385
Cleve.& So.W.Xr.Oo.. March
89,168
March
14.134 14,958
deve. Palnsv. & E.
38,689
38,383
Detaroit United Ry..n 3dwk Apr. 83,187 76,376 1,298,968 1,150,434
Dnlnth Street Ry... 3dwk.Apr. 12,069 11,941 178,583 171,623
104,869 97,033 306,121
Bast St. Loals & Snb. March
274,551
Aurora & Son. March
83,519 34,548
98,815
102,368
.
El^
Ft.
Wayne & Wabash
67,501 55,578
Valley Traction.. 1» March
Havana Eleo. By. Co Wk Apr 23 133,875 131,967
Honolnln Bapld
A Land Co
.
1
198.037
170,622
660,698 1496,628
Tr.
February
By. February
Hoagbton C!o. St.
Houston Eleo. St. By November
Illinois fraction Oo. March
Indlanap. tSiEast. By March
24,951
12,144
42,983
85,514
17,777
23.719
11,166
30,736
76.620
15,008
9,046
5,842
51,240
27,818
60,875
25,595
262,611
233,948
22,775
16,508
Indlanap.^fe Martlns-
vUle Rapid Tran.. Marah
Indlanapolls&Nortb
western Traction.. February
Intemat'l Traot. Oo
System (Buffalo).. March
Jacksonville Eleo.Oo February
Kansas City Ry.& Lt
Lehigh Val. Trac. Co
Street Ry. Dep
Electric Light Dep
20,150
March
March
March
40,706 34,028
14,646 13,344
Lexington Ry
25,273 23,369
Lima El. Ry.&Lt.Co. January .. 25,207 20,825
LondonSt. Ry.(Caii.: March
13,958 11,934
Mad. (WlB.) TractioB February
7,314
6,850
Met. West Side Elev. March
198,532 189,886
MIL Eleo. Ry.&Lt.Cc March..... 252,833 255,670
MU.Lt.Hftat&Tr.Oo March
39,310 29,284
Sfontreal Street Ry. March
209,231 184,858
Mtinole Hartford &
Ft. Wayne
March
13,521 12,654
Hor.OhloTr.&Lt.Oo March
67,113 62,110
Northern Texas Trac March
53,689 44,251
Northwestern Elev. March
124,776 115,333
Oakland Tract. Coas March
115,725 96,^96
Olean St. Railway.. February
6,6^5
6,400
Orange Oo. Traction. March
7,308
6,818
Peeks. L't'g & RR. Co. February
7,766
7.756
Pottsv. Union Tract March
15,6^9 13,987
Bys Co.G8n.—Roads March
35,446 20,314
Light Go's
„... March
2,094
1,866
Rochester Railway „ March.
135,810 117,249
Boch.&East.Rap.Ry. February . 12,307
7,857
Bockford Belolt n
Janesvllle...
March
9,577
7,902
_
20,8i5
32,669
18,864
530,298
753.484
86,998
587,251
16,882
42,929
70,102
6,421
394,226
26,314
35.501
178,600
117,214
826,519
276.!"^ 53
13,625
18,657
16,398
37,841
55,200
5,988
339,677
15,104
25,077
22,889
37.523
192,891
134,22('
Spulsh silver.
I
These
8,302
21,642
89,397
6,421
17,255
81,251
ElecCalifornia Gas
tric Corporat'n.a.Feb.
Jan, 1 to Feb. 28....
395,786
827.812
273,466
649,979
104,876
230,716
87,390
180,373
Central Pennsylvania
Mar.
Traction Oo
Jan. 1 to Mar. 31....
41,280
116.897
41,494
112.286
3,833
1,840
8,860
1,928
30,290
78,715
22.839
69,874
15,146
84,030
12,74®
28,384
30,089
63,587
384,900
31,064
62.105
890.067
9,295
20,833
163,047
9,681
18,214
172,792
14.134
38,689
14.958
38,383
4,999
10,846
5.666
11.069
37,219
102.385
33,860
89,168
12,584
32,050
9.389
19,641
121,450
129,065
46,903
44,741
Detroit United By.n (all
Mar.
properties) .a
877,911
Jan. 1 to Mar. 31
1.048,018
Onluth Street Ry.b.Mar.
50,863
Jan. 1 to Mar. 31....
141.906
330,165
922.741
48,036
186,462
141.738
371,565
21,646
59,447
105,759
266,314
16.655
47,533
7,640
97,033
274,551
34.543
844,629
58,999
166.352
12.593
144,090
Jan. 1 to Mar. 31
July 1 to Mar. 31....
&
Ohlc.& MIlw. Elec.Mar.
Jan. 1 to Mar. 81
Cincinnati Dayton A Toledo Tractlon.b...Feb.
Jan. 1 to Feb. 28....
June 1 to Feb. 28
Olev.Palnesv.&E.aMar.
Jan. 1 to Mar. 3i....
Cleveland A Southwpst'n
Mar.
Traction Co b
Jan. 1 to Mar. 81....
Orosst'nSt. By.(Bufl.)b—
Jan. 1 to Mar. 31
.
—
—
Dunkirk
A
Fredonla
b—
Jan. 1 to Mar. 31....
Elmlra Water L'ht A BB.b
Jan. 1 to Mar. 31....
July 1 to Mar. 31
Fort Wayne A Wabash
Valley Traction ..Mar.
Jan. 1 to Mar. 3l
Honolulu Bapid Transit
A Land.b
Feb.
Jan. 1 to Feb. 28
(Street Bailtoay
779
Department only.}
41,284
146,455
10,744
48,215
33,598
62.020
180.586
55,199
116,044
23,129
48,688
16,507
36,028
24,951
51,240
23,719
60,875
9,859
19,928
7,891
19,445
(Hancock, Mich.). Feb.
Jan. 1 to Feb. 28
12.144
27,818
85,514
262.511
17,777
11,166
25,595
76,520
233,948
15.008
def.79
def. 926
m Illinois1 Tr.Co.a..Mar.
Mar.
582
39,026
118,230
6,650
33,927
98,282
6,757
88,196
18,349
39.491
72,534
179,925
141,645
68,677
30,590
40,746
22,992
146,565
47,16)
80.475
682,123
680,731
25.822
43,733
14,036
38,607
66.760
171,743
143,448
63,927
36,613
40,308
19,808
138,665
43,668
77,964
649,142
531,044
20,408
37.619
1,109,070
80,831
202,808
381,685
396,308
142,782
61,729
86,993
878,153
78,341
181.840
361,556
405, 6;^!
Lima
430.914
657,492
735,674
1,192,290 1,135,652
1.840,0.^6 1,780,678
1,641,071 1,643,357
66,346
54,98
>
125,784
110.631
&
Eleotrlo Railway A
Jan.
Oct 1 to Jan. 31
Light Oo
Lond. 8t.Ry(Can.)aMar.
Jan. 1 to Mar. 31....
Madison Traction.. Feb.
Milwaukee Elec. By.
Mar.
Ito Mar. 31
Milwaukee Light, Heat A
Traction Co.b
Mar.
Jan. 1 to Mar. 81
Montreal St. By. ...Mar.
Jan. Ito Mar. 31
Oct. 1 to Mar. 31
A
Mnnole Hartford
Wayne By
Jan. Ito Feb. 28....
Orange Co. Tract. . .Mar.
/
Net Earnings.Previoua
Current
Current
Previous
Year.
Year,
Year,
20.381
60.035
228,189
36,230
84,588
352,128
19,332
55,307
215,065
24,382
66,839
2,898
8,048
50,830
11,725
22.354
158,399
Year.
Soadt.
4,822
8,459
67,271
5,690
13,799
Jan. 1 to Mar. 31....
July 1 to Mar. 81....
Oswego Traction
10,108
37,824
2,458
6,829
1,729
3,737
1,290,014
7,514
14.767
108,969
293,294
1,217,680
6.714
86,803
7,587
5,086
22,588
1,790
2,401
2.392
5,198
167,706
590,015
def. 65.331
255,670
753,484
121,549
362,137
113,388
336,086
29,264
89,810
86.998
111.688
184,858
209,231
537,251
598,330
1,286,444 1,122,679
19,524
52,834
50,227
139,756
376,563
10,957
83,487
36,782
126,268
356,346
13,521
37,523
18,664
35,501
6,413
17,436
5,867
14.861
14,986
03.565
10,152
40,624
2,632
20,730
def.3,112
67.113
192,890
63,689
184.220
116.725
320.752
6,615
15,403
7,308
19,022
87,638
62,110
178,600
44,251
117,214
96,496
276,553
6.400
13,625
28.948
82,171
23,468
53,204
54,619
141,549
2,707
7,605
25,493
70,731
18,951
43,639
43,498
121,629
2.574
5.780
6,818
18,657
83,484
229
1
def.13
def.621
23,387
19.150
8,475
37,380
7,766
79,569
7,760
84,617
7,755
77,056
730
def.72
11,616
2,444
34,060
9,819
2,091
32,180
12,807
154,223
7,857
359,130
252,833
742.027
Fort
.
>
20,825
76,788
11,934
32,659
6,850
13,864
99,756
280,026
A
Street Railway Net Earnings.— In the following we
show both the gross and the net earnings to latest dates of all
Steeet railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the North.OhloTrao.&Llght
Oo.a.
M{».
returns of the different roads are published by us each week
Jan. 1 to Mar. 31
as soon as received, and once a month (on the last Saturday North .Tex. Traot b Mar.
Jan. 1 to Mar. 3i....
of the month) we bring together all the roads reporting as is
Oakl'd Tract. Con.bMar.
done to-day. Besidea the companies furnishing monthly
Jan. 1 to Mar. 31....
returns we have added this time the roads which make Olean St. By. Co.. Feb.
— Gross Earnings. —
25,207
91,263
13,968
39,010
7,314
15,016
Jan. 1 to Feb. 28
Massachus. Eleo. Cos. b—
Jan. 1 to Mar. 31
1,271,244 1,166,296
Oct 1 to Mar. 81.... 2,780,211 2,606,309
Jan.
quarterly returns.
10,486
741
123,254
4'66',220
9Z
50,131
140,558
11,304
137,053
40,631
144,334
30,078
131,387
51,600
81,496
def.
Houghton County St. Ry.
Co. a.. Mar.
Jan. 1 to Mar. 31 ...
New York & Long Island
Traction Co.b—
Jan. 1 to Mar. 31....
July 1 to Mar. 31
Jan. 1 10 Mar. bX...,
July 1 to Mar. 31....
7,942
104,869
306,121
33,519
388.905
LoulsASub.Mar.
Jan. 1 to Mar. 31....
Elgin Auro.ASo.b.Mar.
July 1 to Mar. bl....
St.
41,703
c These are results for main line.
d Figures here are from July 1.
n These earnings Include the Detroit United By., Detroit A Poit
Huron Shore Line and the Sandwich Windsor A Amherstbvrg By
Aurora Elgln&Chlc Mar.
i?
17,031
49,659
177,846
158,410
ue results for properties owned.
Jan. 1 to Mar. iti
July 1 to Mar. 31....
Year.
$
164,336
349,835
320,75V
15,403
19,022
b These are the combined earnings of all the constituent companies.
Alb'nyAHud.RB.aMar.
Year.
S
18,988
54,360
191,988
Light Co..b
1
Tear,
«
51,115
Lt.Heat&Pow.Oo March
San Fran. Oakland &
San JoseRy
March
.
94,531
42,544
Year.
65,702
8t Joseph (Mo.) By
.
896,339
42,557
933,287
Previous
Jan.
to
3l....
Ind'p'Us A East. Ry.Mar.
Indlanap.
Northwest
Traction Oo.
Feb.
20.150
2.654
July 1 to Feb. 28....
242,127
94,242
International Tract. Co.
8y6tem(Bufralo)b.Mar.
335.224
315,020
141,536
Jan. 1 to Mar. 3i....
946.232
896,339
356,485
1
Mar.
July
to
31
3,198,961 3.071,104 1,459,930
Jaoksonv. Elec. Co. Feb.
23,916
21,101
10,300
Jan. 1 to Feb. 28....
20,925
49,476
42,557
Kan. City Ry.& Lt.aMar.
377,783
157,503
321,668
Jan. 1 to Mar. 31
933,287
388,396
1,035,665
June 1 to Mar. 31.... 8,645,273 3,200,719 1,636,100
Kingston Consolld'd b—
Jan. 1 to Mar. 81....
22,717
7,138
23,466
July 1 to Mar. 31
87,099
92,149
91,278
Lexington Ry. b. ..Mar.
25,278
9,664
23,369
Jan. 1 to Mar 31
26,523
71,013
.
Bao Paolo (Brazils
Tram. L't & Po. Co. Wk. Apr. 9
Savannah Elect. Co. February
Scranton Btdlwav.. March.
Seattle Eleotrlo Co... Feoruary
South Side Elevated March
Syracuse Bap.Tr By February
Tamna Electric Oo... February
Terre Hte.Tr.&LtOo February
Tol.Bowl.Gr.&So.Tr March.....
Toledo Bys. & Light March.
Toronto Railway
Wk Apr 22
Twin City Bap. Trati. 2dwk.Apr.
Un'd Bys.of St. Louis March
Onlted of San Fran. March
Wash. Alex. & Bit. V March
Tons gstown-Sharon March
107,650
45,495
71,013
25,207
89,010
15,016
542,98y
742,027
111,688
598,330
Blnghamton Bv.b. Mar.
East
42,748
335,224 315,020 946,232
23.916 21,101
49,476
March..... 877,783 821,668 1,036,665
Heads.
—
-.
Net Earnings.
Current
Previous
Current
2,711
b—
Jan. 1 to Mar. 31
July 1 to Mar. 31
PeeksRUl Lt. ABB aFeb.
July Ito Feb. 28....
Bochester A East's Bap.
Feb.
Railway
July Ito Feb. 28
f991
50,534
def.
780
—
— Gross EarningsCurrent
Previous
Tear.
rear.
—Int., Rentals,
Year.
Roads,
$
Roads.
117,249
135,810
339,677
894,226
JaiL 1 to Mar. 81....
1.179,166 1,014.549
July 1 to Mar. 31
Bockford BeloltA Janes7.902
9,577
Map.
vllle
22 ,889
26,077
Jan. 1 to Mar. 31....
St. JoBephBy. Light Heat
51,115
Mar.
66,702
dk Power
168,410
164.335
Jan. 1 to Mar. 31
San Fran. Oakland & Ban
80,078
41,703
Mar.
JofleBy
88,196
123,254
Jan. Ito Mar. 31....
38,607
39,491
SaTannah Eleotrlo.Feb.
78,341
80,831
Jan. 1 to Feb. 28....
65.760
72,534
Mar.
Boranton By. Co
181,840
202,808
Jan. 1 to Mar. 31 ...
171,743
179,925
Seattle Eleotrlo Ck).Feb.
361,656
381,685
Jan. 1 to Feb. 28....
63,927
68,5'J7
Byraouse Bap. Tr.bFeb.
556,033
583,392
JnlF 1 to Feb. 28....
26,613
80,690
Tampa Elect. Co. ..Feb.
61.600
61,729
Jan. 1 to Feb. 28....
40,308
40,746
Terre HaateTr&Lt.Feb.
81,496
86,993
Jan. 1 to Feb. 28
—
—
Toledo Bowling Green
& Sonth'n Tract.. Mar.
Tol. Bys. & Lt.Oo.a.Mar.
Jan. 1 to Mar. SI....
YoTmg8tow»-Sliaron By.
Mar.
A Lt. Co.a
Jan. 1 to Mar. 31....
59,684
168,067
531,167
50.506
133,260
461.176
4.400
8,691
816
4,089
21,784
61.820
22,228
60,318
25.525
76,242
15,814
31,647
29,338
71,151
58,352
117,476
27,331
249,439
12,186
24,406
10,048
26,1C8
15.982
46,574
15,214
30.001
26,461
69,231
60.997
102.980
23,766
2331886
11,793
18,863
9.911
21,232
4,429
60.807
176,454
22,992
146,666
430,914
19,308
138,665
400,220
10,307
70,898
209.921
3,433
28,229
851.120
3,45S
21,993
331,412
304
157
6,940
175.806
8,917
162,410
43,733
126.784
37.619
110.631
19,425
53.449
14.389
41,244
& New England fa-
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
Twin City Bap Tr.b Jan.
[Vol. lxxx.
Xel Eamings.^—s
Previous
Current
Year.
Boobester By. Co.bMar.
a Ret earnings here given are after dedacting taxes.
IkHet earnings here given are before dedaotlng taxes.
f Ten per cent of gross income obarged into operating expenses in
February, 1905, to create a reserve fund for damages.
Tbe Illinois Traction Co. is a consolidation of Danville Urbana A
Oliampalgn, Urbana & Champaign By. Gas & Electric Co., Danville St.
By. & Light Co. and Decatur By. & Light Co.
m
n These
:
.
THE CHRONICLE.
1724
Troy
—
.
earnings include the Detroit United By., Detroit
«&
Port
Huron Shore Line and the Sandwich Windsor & Amtierstburg By.
Iiitere8i (jftarges ana Sarplns.— The following Stbbk)
railways, In addition to their gross andnet earnings given Ir
the foregoing, also report charges forinterest,&Oi, with the
etc.
—
St.
By
Mar.
Jan. 1 to Mar. 31....
Oct 1 to Mar. 31....
Unnde
Hartford
<b
Wayne By Co
Jan. 1 to Mar. 31....
-Bal. of Net Earn'gs.—.
Previous
Current
Previous
Year.
Year.
Year.
Year.
A
Cincinnati Dayton A ToFeb.
ledo Traction
Jan. 1 to Feb. 28....
June 1 to Feb. 28
CroBBVn St. By. (Bofl.)—
Jan. 1 to Mar. 31....
Detroit Dnlted By. (all
Mar.
properties)
Jan. 1 to Mar. 31....
Dulnth Street By... Mar.
Jan. 1 to Mar. 31....
Dunkirk & Fredonla —
Jan. 1 to Mar. 31
—
20,989
19,226
k49,100
k98,322
k45.838
16,445
37,096
152,041
42.259
l£91,666
Traction Co.—
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
55,778
132,394
41,557
88,707
*5,749
*1,100
*19.495
•9.896
90,285
276,692
16,747
60,187
90,315
267,669
16,505
49.325
*56,259
*106,950
4.899
9.260
def.1.792
1,723
1,713
*4.218
•5,833
160
2,171
9,238
Elgin Aurora & So. Mar.
54.412
83,688
July 1 to Mar. 31
Elmlra Water L'ht & KB. - (Street Railway Department only.)
12.26!j def.*1.381 def. 1,420
12,445
Jan. 1 to Mar. 31..
•10.&60 def. *700
36.803
38,717
July 1 to Mar. 81...
Honolulu Bapld Transit
5,321
8,802
4,S40
4,836
Feb.
<)[Land
11.352
10,818
8,679
9,705
Jan. 1 to Feb. 28....
Houghton County St. By.
3,187 def.3.481 def.4,113
3,402
(Hancock, Mich.). Feb.
6.267 def.6.068 def.5,685
6,809
JaiL 1 to Feb. 28....
2,590
2,483
4.167
4,167
Ind'p'llB <b East.By.Mar.
International Tract. Co.
2,014 def.37,876
137,632
139,522
System (BalIalo)..Mar.
400,826 def.46,342 df.120,800
402,8 Z7
Jan. 1 to Mar. 31....
92,743
223,762
1,236,168 1.197,271
July 1 to Mar. 31
4,388
7,283
3,146
8,017
Jacksonv. Eleo. Co. Feb.
8,445
14,892
6.322
6,033
Jan. 1 to Feb. 28.
Kingston Consolidated—
10,102 •def.2,869 •def.8.238
9,857
Jan. 1 to Mar. 31
*dtf.618
'def.842
87,876
38,141
July 1 to Mar. 31
3,686
Mar.
6,969
Lexington By
7,916
17,607
Jan. 1 to Mar. 31
def. 480
334
2.124
2,270
Lond.8t.By. (Can.).. Mar.
def.343 def.3.6&6
6,172
6,057
Jan. 1 to Mur. 31
MaBRachas. Elec. Cos.—
360,681 df.221.638 dr.416.912
889.344
Jan. 1 to Mar. 31....
699.364 df. 177.698 df.340,2a4
767,613
Oct. 1 to Mar. 81
Milwaukee Elec. By. <b
•40,266
•48,745
74.060
Mar.
74,101
LlKht Co
•118,823
•137.079
220.604
219,643
Jan. 1 to Mar. ai
9,133
82,640
Milwaukee
Lt.
Heat
3,360
60.552
Sl
Mar.
Trao. Co
Jan. 1 to Mar. 31....
19,051
66.366
16.441
44,934
Previous
Year.
Year.
Year.
$
$
19,809
68,231
106,698
27,681
77.696
267,111
16,973
73,087
280,748
4.167
12,601
8,000
11.000
2,246
4,935
2,867
3,861
670
1,616
444
9C0
22,917
68,761
10,937
80,642
81,818
92,621
2,693
6,386
22,467
67,699
9,903
28,674
26,667
79.701
2,462
4,904
7,642
7,824
22,646
62,169
118,452
•2,198 •deL8,393
•2,226
•19.684
Northern Ohio Traction
& Light Co
Mar.
Jan. 1 to Mar. 81....
North. Texas Tract. Mar.
Jan. Ito Mar. 31....
Oakl'd Tract. Oons.Mar.
Jan. 1 to Mar. 31....
Feb.
Glean Street By
Jan. 1 to Feb. 28....
Orange Co. Traction—
Jan. 1 to Mar. 31....
Oswego Traction—
Jan. 1 to Mar. 31....
July Ito Mar. 31
BochesterBy. Co.. .Mar.
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
Bockford Belolt & JanesMar.
vllle
Jan. 1 to Mar. 31
San.Fran. Oakland & San
Mar.
Jose By
Jan. i to Mar. Si....
Savannah Eleo trie. Feb.
Jan. 1 to Feb. 28
Mar.
Scranton By. Co
JaiL 1 to Mar. 31....
Seattle Electric Co. Feb.
Jan. 1 to Feb. 28
Syracuse Bapid Tr.Feb,
July 1 to Feb. 28....
Tampa Elect. Co. Feb.
Jan. 1 to Feb. 28....
Terre Haute Tr&Lt. Feb.
Jan. 1 to Feb. 28....
ToL Bys. St Lt.Co.Mar.
Jan. 1 to Mar. 31....
Troy
3,340
10,116
27,269
81,031
242,882
*
6,081
18,420
12.631
22,562
23.801
48,928
3,026
3,132
9,043
15,065
16.931
41.928
14
2,219
122
876
def.7,642
•def.7,945
3,401 def. 2,610
•1,611
10.820
•32,870
26.240
•86,479
78,585
238,130 •294,002
def.3,473
*def.391
def.1,880
def.4,001
-24,666
•56,842
•232,649
2,626
7,889
2,696
8,090
1,774
18,425
39,012
10,554
21,107
18.631
55,951
24,880
50.015
20,312
162,370
1,902
8,889
9.098
18,060
42.863
128,383
7,815
22,126
10,187
20,750
17.628
65,044
23,488
46,675
20.249
162,098
2,122
4,250
9,401
18,930
41,971
124,873
12,100
36,230
5,260
10,440
10,707
15,200
38.472
67,461
7,019
87,069
10,284
20,666
950
610
8,048
28,030
81,538
2,302
18,836
51,581
1,483
4,749
t97,335
1,483
4.670
t87,519
def.1,179
def.1.326
def.753
& New England-
Jan. 1 to Mar. 81....
July 1 to Mar. 31....
Twin City Bap. Tr. Jan.
802
2,191
78.481
8.167
24,449
6,027
9,261
8,833
4.187
27,509
56,256
3,517
71,787
9,671
14,613
74,891
After allowing for other income received.
Fixed charges include dividend on preferred stock.
k Includes also sinking fund charges.
ANNUAL REPORTS.
*654 *def.l,971
16,289 def.7,150 def.6.608
32.576 def.16.763 def.14,362
11,006
27.697
146,095
44,668
Current
Year.
New York & Long Island
Roads.
Jan. 1 to Mar. 31....
ElecCaUfomla Gas
tric Corporation. .Feb.
Jan. 1 to Feb. 28
-Bal. of Net Eam'gs.—.
t
Current
Bingkamton By.—
Fort
Mar.
—
Previous
*
sarplus or defioit above or below those oharges.
—Int., Rentals,
Montreal
etc.
Current
473 def. 4,48 i
def.S,632 def.11,447
Animal Reports.— The Index to annual reports Is omitted
and
this week becanse of the publication of the Railway
reports
the
to
references
contains
Industrial Section, which
of the priQcipal steam railroads and industrial companies
printed in the Chb.nicle, not including to-day's issue.
Broad Top Mountain Railroad Sc Coal Co.
(Report for Fiscal Year Ending Dec. SI, 1904.J
Huntingdon
&,
President George A. Colket says in substance
or
Gehebal Bebults.—The gross earnings decreased $258,001,
com27-61 p. o.. and th<^ net decreased $118,121, or 31-83 p. c, as
pared with those of the previous year.
Kor KKO tons,
*«„The amount of bituminous coal carried dporeasea 525,56^
coal business
407 432 tons of this being In Broad Top coal. While the
of the year, this enorof the country was very dull for a large portion
mous decrease In the amount of coal shipped from the Broad Top
market, as
reelon osvnnot be attributed solely to the condition of the
total decrease of shipments
It amounted to over 40 p. c. while the
Apo.
nasslng over the Pennsylvania RB. was but a little oyer 4 p.the
prebareniiy the decrease was partly due to the fact that during
high, a great deal
vious year, when coal was scarce and prices v^ry
region without beln*? propof coal was shipped from the Broad Top
future tUls mistake,
erly prepared. It 18 to be hoped that in the
be repeated.
whether made by the operators or min<rs, will not largest,
the 8ax»on,
the
O: the iron furnaces on the line of your road,colo»ital.
at Blddlesburg.
was Idle the whole year, and the other, the
y'-ar. A third furnace the
was die from March 29 to the end of theand
which received nearly all
Everett, lust off the line of your road,
nearly seven mouths of
of Its supplies over your road, was Idle year from these furnaces
the vear. fhe freight received the previous
amounted to over $IC0.000 It Is probable that all these furnaces
„„.., *„#_._
will te runnlne beforeiiie tlrst of Jaly.
of new
ADDiTioiis, ETC -There were laid aurlng the year 6.945 feet
branch
at a cost of
Bun
Bandy
of
extension
an
being
track 1 570 reet
Dranch called
«<* s^9 and 5 375 feet for the construction of a new
latter being $13,985.
fhe Klmber Bun branch, the total cost of the
and equipment account.
which amounts were charged to construction
Ron branch, amountlnK to
the cost of the grading of the Klmber
This
«7 7t8 whlohhas been charged to the owners of the property.
a new
hrannh was built to reach a new mine and practically develops
this mine was
basluwl^UhsyVrv gratifying, as It was thought until
so far. There was
extend
did
not
measares
coal
the
that
deve"oiTed
year on the new alignnient
uald onacoonnt of work done the previous
direct to profit and loss
charged
was
which
$17,918,
cypher
St
24. In
Trains becan running over this new piece of road on Januaryc. of the
$i7.04i. being 10 p.
mah?nfir UP the accounts for the year,
plant, has been
?klne of the rolling stock, machinery and electrlc-llght
ohareed to profit and loss aooouut to cover depreciation.
paid on the preferred stock, one of
niviDKHus -Two dividends were
2i« p. c. In July, and one of I p. 0. was
341 p. 0. in January and one of
paid on the common stock In January.
Cb
—
Aps.
THE CHRONICLE.
29, 1905.]
Earnings, Etc.— Results for four years have been as follows.
BKCEIPT8 AND EXPENSES.
1904.
Coal and coke traffic—
Oumberlanc?, tons
Receipts—
Goal and coke freights
..
Other trelyhts.
Passenger reoolDts
Mall, express, etc
1902.
1903.
644,091 1,119,128
1,123.196 1,337,010
*
»
543,135
368,481
277,944
209.; 86
90.844
77,889
22.609
21,274
Broad Top, tons
1901.
997,686
685,110
1,490.236
1,774,440
493,P08
267,803
76,897
21,737
9
$
432,781
241,724
61,9^9
18,;88
764,633
Total earnings
OperaVg, etc. expenses—
676,531
934,532
860,246
Maintenance of way
Maintenance of eqalpm'tLoss on oar-trast care
81,160
56,205
32,859
17.04 4
188,486
68,890
80,627
71,v78
70,880
63,409
62 680
18,200
212,364
63,727
24,029
177.245
61,S10
8.289
,
Depreciation
Conducting transporfn...
General expenses
Additions & Improvem'ts
36
6:^4
18,938
265,043
71.631
19,573
55,495
18,4M
424,144
26?,387
1,2^0
663.724
370,809
1,250
515,889
344.357
434,169
320,464
1,250
4,500
Total
253,637
372.059
345.607
824.961
Deduct—
106,190
106,190
106,190
108,190
Interest on bonds
Dividends on preferred. .(6)120,000 (7)140.000 (6)120,000 (li)100,000
Dividends on common.... (1)13,717 (5) 68,587
206,190
118,774
280.424
-3.^5,263
226,190
119.417
801,0"6
y22 604
359,906
397,889
301,076
239,907
13,730
314,777
bl,lS2
35?>,905
z/7 qi8
39'',889
..
Proflt&losB BUT. Deo. 31.
355,717
Total
Balaroe, surplus
Add balance Jan
Charged
profit
l
and
lose.
X Includes new alignment at Cypher, $69,015;
yg8,i22
depreciation in stock
owned, $26,250.
z New alignment
BALANCE SHEET DEO. 31.
y Bepreeents new alignment.
1904.
1903.
Constrnc. and equip. 6,82?.153 6,814.024
13,981
Bills receivable ..
8'. 420
92, 1 74
Current accounts
59,3S2
682
59
Real estate
74,307
^5,721
Materials & supplies
84.250
84,250
Stocks owned
1,045
1,515
Insur. car tr. cars...
Casb
75,420
67,«31
Total
-V. 60.
6.189,031 6,163,554
at Cypher.
1904.
1903.
LiahiliHes—
$
$
»,371.-50
3,371,750
Ry.
Stock t see
&5
Bonds tiND. Spc. ? 2,v80.500 i{,)!80.500
197
197
Scrip. CODV. iQto st'k
60.000
Bills payable
80.000
«,H18
Int. aod dlv. unpaid
«, 69
18.907
19,607
Pavrolls
Vouchers
41,970
14,192
Addlt'n toU. & B. T.
23.456
28,456
con car tr. f u n d .
8,000
Spec. car. tr. fund...
356.717
869.905
Profit and loss
.
.
Total
.
6.159,031 e.163.554
p. 650.
United Railways
&
Electric Co. of Baltimore.
(Report for Fiscal Year Ending Dec.
It la estimated that the present physical disabilities
31, 1904, J
the time completely paralyz<^d. Nevertheless while the operating
results were slightly Jess favorable than for 1903. the company Is
to-day free of floating debt, with Improved motive power, tracks and
car equipment.
Besides the heavy losses In property and baslness, directly chargeable to the lire, there were heavy indirect losses, due to Irrpgularltles
of service, caused by the unusual use of streets In ooBneclion with their
Improvement, the removal of fire debris and rebuilding operations.
For several months service noon all tracks between Baltimore St. and
the harbor (east of Charles St. and west of South St.) wa? impossible.
PowBB Houses, Etc.—The proceeds of the $4,634,000 bonds set
aside for extensions. Improvements, etc.. have been expended almost
exclusively in providing necessary shop and power-house buildings
A
their equipment.
.s. 000 horse power engine and generator for the new engine
house at Pratt St was pur In service In December. These five units.
together with the three 2,500 horsepower dlreet current ones, which
were restored after the Are, and the 7,500 horse-power unit now being
fifth
built for that house, will raise the rated capacity to 30,000 horeegower, and, with the over-load that can be carried during the rneh
onrs. will furnleh an available output of 40,000 horsepower, or as
much thereof as can be transformed and applied.
The Falls Road power-house has been reinforced by the transfer of
two 500 horsepower engines and three boilers, aggregating l.fiOO
horse-power, from the South Charles St. house, also one 12.'(-KW
booster from Druid Hill Ave. powerhouse.
substation Is now being
erected at the comer of Eastern Ave. and 15th St.. and another will be
established in the northern section.
The purchase of sixty-two feet of the front of the matn power-house
site on Pratt St. was efi^eoted in December for $309,737.
Fire Loss.—The net amount of Insurance awarded upon this com-
A
pany's property damagea or destroyed on Feb. 7 and 8, 1904, was
1380,881, which was much below this company's estimate.
Car Trusts.— a complete new equipment of winter csrs was arranged for, upon the oar trust plan, for the Madison Ave., North Ave.,
Edmondson Ave. and John St. lines, and was received before the close
of the year, including a total of 150 cars.
Sale of Bonds.— On Deo. 8, 1904. a sale was made of the $2,000,000
bonds of the Baltimore Sparrow's Point & Chesapeake Ry. Co. at 87 ^
and Interest, and the proceeds were applied to the liquidation of Its
floating debt.
(V. 80, p. 221.)
New Line.-The
years:
Reoonstractlon of 101 miles of track
$1,500,000
Additional cars— l50 slngle-trncft oars, 60 double-truck
care with 2 motor equipments, and 40 with 4-motor eqnlpments and &lr brakes, also 80 sammer bodies for doubletruck cars
1,000,000
Car barns, including terminal station at Druid Hill Ave.
885,000
terminus
Additional facilities at Carroll Park shops
50,000
Rebuilding main power houee, providing new 7,500 horse383,000
power engine and generator, etc
103,000
Additional boiler-house equipment
142,000
Eastern suit-station with equipment, cable connections, etc.
146,000
Northern sub-fctation, equipped and conueoted
$4,208,000
Total
Less balance of unapplied insurance money: amount to be received
from the city andearnlngslnciuded in "reserve for Are loss," $6 28,000,
leaving a balance to be provided for of $3,680,<joo.
Witn no special fund for wholesale betterments, the company has
been proceeding In a neoeeearily conservative way. The substitution
of subway cables for 120 miles of overhead lines has placed most of
the overhead work in good condition; aadvhmwe have rebuilt the
power-house fronting on Pratt St. and established the eastern and
northern sub-stations, for all of which, except the northern sub-station, financial provision has been made, the power plant and transmission lines will be in first-claos condition. As a number of the most
Impirtant trunk-line tracks (121 miles) have reoeotly been reconstructed with standard 9 Inch rails, while the oar equipment hets been
ereatly augmented and Improved, it must be patent that material
progress htte been made In the matter of rehabilitating the property.
Income Bonds.— The recent attacks upon the management by certain holders of the Income bonds are shown, by the reports of expert
acoauntants and others, to be without ihd slightest justlflcatlon.
Earnings, expenses and charges for foar years past follow:
EARNINGS, EXPENSES AND CBABGES.
1904.
1903.
1902.
1901.
23,S97,515 24,665,973 24,056.973 23,830,292
Rev. pas-engers.... 109,^26,908 110,235,977 101,746,407 95.041,947
Transfers
43,932,219 42,788.205 39.863,604 35,342,534
Gross earnings
$5,440,942 $5.4^(0,630 $5,041,275 $4 696,629
2,978.654
2,252,133
Operating expenses 2,876,539
2,193,175
Oarmllesrnn
Net earnings
$2,502,076
2,148.029
560,000
$2,789,142
2,077,133
560,0J0
$2,503,454
1,933,002
560,000
Net revenue.. ..Bur.$319,825 df.$205,963
$152,027
53,405
$10,452
21,666
Int.,
first section of the Baltimore A Bel Air Electric
Ry.. between Hamilton and Carney, on the Baltimore & Harford
turnpike of this company. 3H miles in length, was put In operation on
Oct. 15,1904. (V. 79, p. 211.)
No Competitor — Quite a determined efl^ort was'madeto establish a
competitive railway system In the name of the Maryland EUctrlc
Railway Co., but the project was abandoned upon the promoters realizing what their propoMtlon— to 1 ave the entire bed of every street
occupied by them— would amount to.
iMPBOVEMEHTs.-Of the 379-4 miles of main tracks, 157-4 miles are
laid with T rails and 1209 miles with 9-lnch girder rails; both are,
generally. In good condition, while 101-1 miles are made up of odd
sections; 32-2 miles of this latter are cable tracks and diffljnlt to
renew, while 68-9 miles are eleotrlc tracks. As a considerable uortlon
of these 1011 miles can be maintained for a number of years with
moderate repairs, mainly renewal of ties, it will be seen that a great
deal of the talk as to the "run-down oonditioa" of the property is without foundation in fact.
$2,564,403
2,244,578
taxes, etc
on income8(4%)
Int.
Other income..
10,238
90,374
Tot. netrevenae.sr.$330,063 df.$U5.579
$205,432
$32,118
figures for 1903, as above given, have been made to
conform to the suggestions of the experts. The operating expenses
Include $424,313 expended for reoonstruotiou of tracks which was
charged against profit and loss in the report for li*Oi. (V. 78, p. 817.)
This increases the operating expenses from $2,514,211, as shown in
that report, to $2,978,554, as above, and changes the final surplus for
the year ($c>08.7^S) to a deficit of $115,579.
consolidated GENERAL BALANCE SHEET DEO. 31.
Note.—The
Assets—
Road, equipment.
etc
President J. M. Hood says in part:
Obhbbal Results.— The fire disaster came so suddenly, and was so
overwhelming In magnitude, that the company's operations were for
and
can be over-
come by the following expendlcares, distributed over Ave
68,010
4.'>,173
Net earnings
Other income
Total expenses
1725
1904.
I
$
66,520.014 66,085.606
Stocks and bonds
owned
123,-02
117.45i
Casb
Bills
260,841
539,0!i4
and accounts
receivable
Supplies and coal..
8:5,54'?
Deferred assets....
Due from Bait
927908
17h.730
1904.
1903.
1.157,598
lb2,7la
309.736
.
.
Accrued interest..
Accrued park tax.
Deferred liabilities
Accident reserve..
Reserve for tire, &c.
Trustee ist mori.
City& Sub. Ry...
Miscellaneous
Surplus
Total
-V.
69.049,916 68,175.848
1903,
LiahiliHes—
$
S
stock
15,000,000 15,000,000
"referred stock..
63 306
6«,306
61,9a«,rt94 51.382.694
Fauded debt
Accounts payable.
180.457
214.200
Outstand. tickets..
-8.161
U,B33
Bills payable
726,385
Common
Total
416.072
90,398
368.421
211.600
681,553
39.497
4.875
39.3S5
426,238
87,965
46.667
217,858
69,019.916 68.175.846
80, 1425, 1236.
United States Steel Corporation.
CEarninga for the Quarter Ending March 31, 1905 )
The following
financial statement of the Corporation and
subsidiary companies, showing the earnings for the first
quarter of the current calendar year, was given out on Tuesday, after the regular monthly meeting of the directors. As
this meeting the usual quarterly dividend of 1^ p. c. wat
declared on the preferred shares. The "net earnings" in all
cases were arrived at after deducting each month the cost of
ordinary repairs, renewals and mamteoance of plants and
interest on bonds and fixed charges of subsidiary companies.
append the results for the corresponding quarters in previous years.
UNFILLED OBOEBB ON HAND.
March 31, 1905
5,597,560 tons
December 31, 1904
4.696,203 tons
September 30, 1904
3,027.436 tons
June 30, 1904
3,192,277 tons
March 81, 1904
4,136,961 tons
December 31, 1903
3,'21i,123 tons
March 31,1903
5,410,719 tons
December 31. 1902
5,347,253 tons
November 1, 1001
2,831,692 tons
its
We
INCOJIE ACCODRTS FOB QDARTEHS ENDING MARCH 31.
Net earnings—
lti05.
1904.
1903.
January
$6,810,847
$2,868,213
$7,42^,775
February
6,629.463
4,540,673
7,730,361
March
9,585.586
6,036,346
9,912,571
Total net
$23,025,896 $13,44?,232 $25,068,707
Deduct —
For sinking funds
$1,376,997
$1,240,367
$1,065,000
Deprec'n and reserve funds.. 3,673,790
1,717,778
2.821.717
Interest
6,796,783
5,802,942
3,800,000
S.hoo.oQQ
Add'l prop, constr'n, etc
Total deductions
$x4,i47,.'S70
$9,. 61,087
$7,«7«,717
Balance
$8,878,326
$4,684,145 $17,391,999
Dividend on stocks—
Preierrea (is^i per cent)
$6,304,919
$6,304,919
$8,929,919
Common (I per cent)
50-<3,025
....
Total
$6,bUt,919
$b,iiU4,»itf
$14,0i2,U44
Balance
sar.$2,673,407def.$l,620,774stir.$3,379,04&
See also page 1738 of to-day's Cheonicle,—V.80, p. 1487,1874.
J
THE CHRONICLE
17-26
Ht<ue--al Kleciric (Jomoany.
(Report for the Year Ending Jan. 31, 1905 J
The report for the year 1904-05 is pnblishfd at length on
pages 1785 to 1788. Following are comparative statements
for four years past compiled for the Chronicle
INCOME ACCOUNT.
:
1901-02.
1902-03.
1903-04.
1904-05.
Seeeipts—
$
39,231,328
41,699,618
36,685,598
32,338,037
465.717
344,381
281,928
750.797
194.745
138,644
1,208,920
253,883
973.650
400,485
175,256
938,585
Total receipts.. 40,323,354
Expenses —
CoBtof ealee. eto... 33,528,136
Int. on debentures.
75,672
42,783,804
39,122,051
33,852,363
84,918,427
76,007
28,844,881
44,331
25,254,122
42,310
Salee
Roy's &8nn. prof,
mvld'daandint..
and dlpoount ..
Int.
Prof. stks. &.b'8 sold
TotaL
33,603,808 34.994.434 28,889.212 25,296,432
8,555,931
Balance
6,719,546
7,789,370 10,232,839
DlTB. on pf. stock.
(7) 83,689
Dlv. on com. Btk... 18)8,684,384 (8)3.508,284 (8)2,677,263 (8)1,871.968
3,684,384
3,035,162
1,955,657
6,600,274
3,508,284
4,281,086
2,677.263
7,555,576
759.664
1,470,099
1,618,880
3,275,508
Snr.from prev.year. 7,293,689
2,810,987
4,482,702
5,941.696
16,287,140
6,600,274
6,629.181
9,569,197
7,293,689
21.228,836
13.229,455
Total
BtirplUB
Patents written
off.
re-val nation
of
Stan. Eleo Mfg. Co.
<Sc
oth. lnterestB,etc.
Entaancem. of book
val., stkB Ab'ds..
2,067,685
Stk. iBBned In 1903
for reduction
made In 1898
16.746,132
Tot. Bar. Jan. 81 9,569,197
7,293,689
4,482,702
CONSOLIDATED BALANCE SHEET JAN.
1905.
1904.
S
JkmamfQ
15,287,140
31.
1903.
1902.
S
$
$
Patente, francblBes.etc. 2,000,000 2,000,000 2,000,000
7,500.000 6,600,000 5.000,000
Factory plants
2,000,000
4,000,000
B'l est. (otb. than fac.pl't)
464,196
9,82\121
350,980
424.083
14,488,269 14,665,346
Stocks andbonds..^
6,529,116 3,289.445
Cash
Notes &aoot'Breo'v'ble.. 16,747.449 15.207.481
2,009,S05 2,046.488
Work In progreas
Inventories— Factories... 10,336,737 10,488,465
Oen. and local omoes.. 1,519,182 1,347.754
Consignments
143.806
69,899
Total assets
431.456
12,682,215
8,632.656
4,058,448
12,sifi,607 11,364,345
1,769,456
10,297,595
1,165,921
97,701
1,338.259
7,74-^,606
61,634,345 55,938,962 49.893,507 41,927,252
'
Liabilities—
Btook
48,247,943 43,866,700 41,880,733 24,910,500
Preferred stock
400
78,000
82,000
5 p. c. gold conpon deb...
99,000
372,000
8^4 P- 0. gold coupon deb. 2,049,400 2,049,400 2,049,400
Accrued Interest on debs.
650
825
683
3,100
Oommon
Accounts payable
1,345.145 1,810,665 1.878,960 1,349,335
342,000
834,000
Unclaimed dividends....
2,011
1,825
"iiise
4,776
SorplUB
9,569,196 7,293,689 4,482,702 18,287,141
Deferred
liabilities
Total llablUtleB
80, p. 1481.
61,634,345 55,938,962 49,893,507 41,927,252
—V.
American Can Company.
(Report for Fiscal Year Ending March SI, 1905
President W. T. Graham, in submitting the accompanying
statement for the year, says that the following comments as
to the value of the figures presented seem necessary to a
clear understanding:
The basis of all Inventories Is cost when that Is lower than true
value, and true value when that Is lower than cost. lavestment Items
are stated at cost when that Is lower than present value, at present
value when that Is lower than cost. Receivables are stated after
questionable accounts and every contingent liability.
found by deduction of
all liabilities from available or convertible assets to be $7,871,265,
in
excess
of
that
ebowu
and $736,513
by the statement of March 31,
1904), iB represented at less than its actual or convertible worth.
payable
are
for
unaudited
Accounts
purchases of materials and supplies on which all available cash discounts will be taken. No notes,
mortgages or other obligations are outstanding.
In writing off $200,000 of depreciation, as against the cost of new
construction and improvements for the year, expendltnreB that are
properly chargeable to plant account have been charged against profit
and loss, and at the same time other and direct charges against operating costs have kept up and Improved the physical standard of your
eliminating
all
The working
capital, therefore (which will be
properties.
The policy of
Improving the physical condition of the plants and extending the use of antomatic or labor-saving machinery has been continued and is showing tangible results In the reduced costs and Improved quality of our products. Another factor equally important Is
the spirit of the business and practical managers oi the company and
their asHistants.
Prospects for business for the coming year are good, and while selling prices are low there is ground for the faith that economies In
manufacture, reduction In expenses and the extended use of metal
packages will justify an encouraging statement to the next annual
meeting.
The results
from operations for the years ended Maroh
compare as follows:
1905.
Nefsales
Proflt
$2,896,918
1904.
$22,919,624
2,394,510
31
1908.
$22,076,394
886,711
The preferred stock received its first dividend, 2% p. c, on
Sept. 80, 1908, and has paid dividends since as follows: 1904,
6 p. c. {1% p. c. A.&O.); 1905, Jan., l}i p. c; Apr., \}i p. o.
BALANCE SHEET MABCH 31
1»06.
1004
At»eti—
Plants, roal estate
patents, etc
75,018.666 7C,OS0,69t
Const'n 4 iDQpror.. )J,HBH.212 8,747,748
Oth. Invest Hems.
3«l,275
\>'T>.'^lb
Cash
I,14<),t527
Accti. AblllHrec. l,ii07,hS5
Mase. Inventory.. 6,203,877
Total
-V.
79, p. 8044.
1,845,81(9
1,4>S0,6B1
5,15iy,104
.87,175,798 80,808,608
lAahUitiet—
stock
Preferred Block
1005.
1904.
%
$
41,238,300 41,233,800
Common
.41,2:i»,800 41,2:53,300
911,9:12
8t}l,5;5
Accounts payiiblo.
Unpaid dividend
(paid April 1>....
Surplus
Total
Colorado Fael & Iron Company.
(Statement to the New York Stock Exchange. J
The statements made
515,410
3,281,844
1,030.883
2,448,5ai
..87.175,792 80.806,008
to the
New York
Stock Exchange by
this company under date of April 3, 1905, and by its subsidiary, the Colorado Industrial Co., under date of March 23,
1905, afford tha following information:
In the year 1902 the Colorado Fuel & Iron Co., being In need of
further additional large sudqs of money, sold certain of Its properties
for the principal sum of $13,600,000; these properties have bet-n acquired and are now owned by the Colorado Industrial Co., which has
Issued its mortgage thereupon and upon the debentures of the Colorado Fuel & Iron Co., which it owns. In Ootober, 1904, the stockholders of the Colorado Fuel & Iron Oo. authorized the purchase of all the
capital stock, amounting to $2O,O0D. ot the said Colorado Industrial
Co. and part of the bonds of said company, secured, under the mortgage above-mentioned, to an amount to be determined In accurdauoe
with the provisions of the refunding plan, the said Fuel Company paying therefor In Its own capital stock to the amount of $6,200,000, and
guaranteeing all the bonds of said Industrial Company seourfld by
said mortgage. [ The share capital of the Fuel Company now Includes:
(I) $44,200,000 common stock, of which $14,068,000 is Issuable only
in exchange, $ for $, for the debentures of 1901 of the Fuel Company
and the series A bonds of the Industrial Company replacing the eame,
and (2) $2,000,000 8 p. o. cumulative preferred stock].
BONDS OF THE COLORADO INDUSTBIAL CO., $45,000,000.
The Colorado Industrial Co. was incorporated under the laws of
Colorado on Nov. 19. 1903. and In accordance with the refunding plan
of the Colorado Fuel & Iron Co. has made a mortgage to the New York
Trust Co. as trustee to secure $46,000,000 of first mortgage 5 p. c.
gold bonOB dated Aug. 1, 1904, and due Aug. 1. 1934 [but subject to
call at company's option on any interest day at 105]; Interest payable
Feb. 1 and Aug. 1 In New York; denomination, $1,000. These bonds
are issuable as follows: (compare pWn V. 77, p. 2037, 2282, 2341; V.
79, 'p. 1267; V. 80. p. 1177, 1481).
Under the plan $12,378,000 debentures of the Col. Fuel C impany have been exchanged for like
amount of Series "A" bonds of the Industrial Company and 20 p. o. of
the new oommon stock of the Fuel Company. There have thus far
been listed on the New York Stock Exchange $12,378,000 Series "A"
bonds and $13,537,000 Series "B" bonds (but see V. 80, p. 1425).
Authorized.
Issued.
1. Series A bonds, convertible, at option of
stock
of
holders, $ for $. for oommon
the
Colorado Fuel & Iron Co. until and includEntire
amount
issuable
Aug.
1906.
ing
1,
In exchange for debentures of the Colo2.
rado Fnel&lron Co
$14,068,000
Series B bonds 7Wt convertible—
only
exchange
for
equal
Issuable
in
a
amount of the general mortKage bonds of
6,000,000
the Col. Fuel & Iron Co. due Feb. 1.1943...
6. Issuable for the purchase of the various
24,932,000
properties described In the mortgage
1,037,968
96,309
[Vol. lxxx.
$12,378,000
None.
24,932,000
$46,000,000 $37,310,000
Total
All the aforesaid bonds are guaranteed, principal and Interest,
the Col. Fuel <fe Iron Co. (see form of guaranty in V. 80, p. 1481).
by
PBOFEBTY OOVEBBD.
They are further secured by mortgage [to the trustee above named
on the following property owned by the Colorado Industrial Co. and
anxllUrles, viz.:
Coal, frontage and Iron lands In Colorado and Wyo
83,448 acres
Coal lands held under lease In Colorado and New Mex... 43,138 acres
of
coal
owned
mines and washeries
and
large number
leased In said States and a large numt)er of coke ovens;
Also coal and Iron-mining eqalpmeni, engines, boilers,
electrical plants, etc;
A large amount of land, principally coal land, owned in
fee by the Colorado Industrial Oo.,and fully described
in pages 6 to 50 of mortgage;
Also the following securities deposited with the trustee:
Colorado & Wyoming Ry. entire capital stock
$100,000
General mortgage bonds, part of an authorized Issue
of $7,500,000 50-year 4 p. o. bonds, dated Maroh 1,
1903, of which $3,000,000 remain in treasury for
oonBtructlon and equipment of additional lines; out-
Its
A
standing and pledged
Eocky Mountain Coal & Iron
4,500,000
Co., which owns among
other properties practically all of the Maxwell Land
Grant lying in Colorado, aggregating 254.000 acres of
coal, agricultural, timber and grazing lands (subject
to $696,000 general mortgage 5 p. o. bonds below de3,000,000
scribed); entire capital stock
331,200
Crystal River RR. capital stock
160,000
Two notes, each $80,000
Iron Co
12,378,000
Convertible debentures of Colorado Fuel
Also all property owned by the Industrial Company at the time of
the mortgage or afterward acquired, with the Income and proflts
thereof, ana all franchises of the Industrial Company.
&
PEIOK LIENS.
upon all of the said property above dethe following (par value) outstanaing bonds of Us
The mortgage Is a
first lien
scribed except for
predecessors in Interest [additional to those pledged as above]:
1. General mortgage 30-year 6 p, c. bonds of Grand River
Coal &Coke Co.. dated April 1, 1899 ["covers only about
7,185 acres of tha coal land of the ludustrlal Company
$917,000
In Colorado"]
2. General mortgage 30 year 6 p. o. bonds of Colorado
Fuel Co., dated May 1, 1899 ["covers only about 20,500
600,000
acres of coal lands of Industrial Co. In Colorado"]......
3. General mortgage 50-year 5 p. c. bonds of the Colorado
Fuel & Iron Co., dated Feb. 1, 1893 ["covers only about
64,12^ acres of the coal lands ot the Industrial Co. in
Colorado and 8,200 acres of its coal land In Wyoming.
But also covers above 3.020 acres of Iron and ocher
lands and the stepl works plant iu Colorado, which do
x5,400,000
not belong to the Inaustrlal Co."]
4. Vendor's lien in favor ot the Mitchell Coal & Land Co.,
dated Nov. 1, 1887, for $50,000 6 p. o. ($1,000 payable
annually) on 555 acres of coal land In Weld Co., Colo32,000
rado, balance due
Rooky Mountain Coal '& Iron Co. general mortgage 50year 5 p. o. bonds, dated May 1, 1901 [covers 254,000
acres of coal, agricultural, timber and grazing lands,
696,000
being that part of the Maxwell Grant lying in Colorado]
X Authorized issue $6,000,000, of .which $600,000 reserved to retire
the $600,000 Colorado Fuel bonds.
diNKiso FDND.-On :Aug. 1, 1908, and on Aug. 1, 1909, the mort>gagor will pay into the sinklDK fund o/ie cen< on each ton of coal and
two ceiUs on each ton of Irou ore mined during the twelve months oreceding the first of July in each of said years from any ot the lands
then or thereafter covered by the mortgage or mined by the Industrial
Company, or by any company the greater part of whose stock shall
be pledged under the mortgage, or by any company controlled by such
company; and, beginning Aug. 1, 1910, and on Aug. 1 in each year
thereafter, the sum of two cents on each ton of coal and tloe cents on
:
Apr.
—
)
(^
THE CHKONICLE.
29, li^OS.]
each ton of Iron ore so mined during the twelve months preceding the
day of Julv In each of said years, prorieted that if after Aug. 1,
1915, the trustee deem it advisable, the payments shall be at a rate
not exceeding /owr cent* on each ton of coal and ten cents on each ton
of Iron ore. Proylslon is made for Investment of the sinking fund and
purchase or redemption of bonds.
Bondholders' Committee—At any meeting so called and held a
Ijondholdera' committee may be elected by the vote of two-thirds of
the outstanding bonds, or such committee may be appointed by instrument in writing delivered to the trustee, executed by the holders
of two thirds in amount of the bonds at the time of such appointment
outstanding. The committee shall exercise all such powers as may
from time to time be given to It by resolution of the bondholders, and
shall also be entitled, by Instructions given to the trustee, to exercise
all the powers of discretion, election or judgment given to the trustee.
The written request or direction of thee ammittae in the exercise of
the powers hereby conferred shall be binding upon the trustee. A
majority of the members shall exercise all the powers given to the
oommltree. Under the provisions above referred to, a bondholders'
committee has been appointed, consisting of F. J. Hearne, F. T. Gates
and J. H. MoOlement.
The only financial statements farni8bed for the Colorado
Fuel Iron Co. are for the year ending Jane 30, 1904, and show
nothing as to the position of affairs since reorganization,
T:e income account of the properties originally owned by
Iron Co. and acquired by the Colorado
the Colorado Fuel
Industrial Co. is as follows:
INCOMB ACCOUNT OF COLORADO IWDUSTKIAL OO. FOB FOUB MONTHS
ENDING NOV. SO, 1904.
$2,902,591 Equip, sink, fund
$46,874
Gross earnings
Operating expenses... 2,638,252 Real est. sink, fond
15,795
Emurgenoy, etc., fund.
13,945
26,8C0
Net earnings
$264,339 Taxes (estimated)
Other income
3,482 Sociological expense...
2,833
&
f^'
Mexican Telegraph Company.
f Report for Fiscal Year Ending Dec. 31, 1904.J
President James A. Scrymser, under date of Mar. 27,
first
&
rx
/2/
says:
Total receipts from all
sources. $612,933; operating expenses, $101,233; dividends paid (10
p. c). $191,260; Mexican Government's participation in earnings
(1903) 1904, $38,002; cable repairs, $29,088; surplus for the year,
$263,350, which, added to the surplus Deo. 81, 1903, $1,422,838,
makes the total surplus Dec. 31, 1904, $1,676,188. The usual estimate for the current quarter shows an estimated addition to the surplus for the present quarter of $94,285 [including $16,100 from sale
The business
for the past year shows:
(Compare V. 80, p, 1238.
The company has contracted with Siemens Brothers & Oo„ Limited,
of London, for a third cable to be laid during July next between Galveston, Tex., and Coatzacoalcos, Mex. This cable and other betterments will, it is estimated, cost about $500,000, which cost will be
of Investment bonds].
paid out of the surplus fund.
BALANCE SHEET DEC
Assets—
Plant
31, 1904.
Liabilities
$1,865,164
249,900
Cash at banks
Cent. & South American Teleg.Co.'s stock,
127,386
1,634 shares (cost)...
RR. bonds and other
securities (par value
1,836,042
$1,284,500), cost
87,400
Treasury stock (par)...
52,173
Steamship Mexican
Spare cable
11,027
—
Capital stock
Earnings invested
$2,000,000
in
improvements
from sales of
31,654
treasury stock
38,493
Profit
Sundry
creditors,
in-
78,452
clnd. traffic balances,
Proposed January dividend
47,815
Surplus revenue December 31, 1904
1,676,189
Sundry debtors, including traffic balances
..
Total
158,511
.$3,872,603
Total
$3,872,603
-V. 80, p. 1238.
$267,821
Total
$106,247
$161,574
Total deductions...
Surplus Income
COLOBADO INDUSTKIAL
&
Col.
CO.
$
BALANCE SHEET NOV.
Liabilities —
$
20,000
Wy. Ry. bonds. 4,500,000 Capital stock
100,000
stock.
do
Crystal River BR Co,
notes
Crystal River RR. Co.
stock
bonds
First mortgage
(see above)
160,000
Fuel
621,483
4,097
& Iron Co....
331,200
Rocky Mountain Coal
&
Iron Co. stock
3,000,000
—
Mines & ovens equip. 5,846.044
Coal and other lands.. 9,271,742
Sunrise mine -iron Ids. 1,500,000
mine— equip't,
Sunrise
&
WilmiDRton & Weldon KR. General
1st mortease is, 193.5.
Yadkin Division 1st mort. 49, 194S.
Wilminp.& Newbern RR.lgtM, 43,1947.
I,
Total
37,934,580
Total
$37,934,580
xC. & W. bonds
$3,200;LO. F,
($4,500,000), $60,000; C. R, RR, notes ($160,000),
deb, ($12,857,000), $205,950— all for the four months
& I,
ending Nov. 30, 1904.
Officers and directors of Industrial Company: Albert A,
Miller, President; A, D. Moss, Treasurer; D. C. Beaman,
Secretary. Directors: F. J. Hearne, Fred. Herrington, Albert A. Miller.— V. 80, p. 1481, 1425.
(The) Bntterlck Company.
(Report for Fiscal Year Ending Dec.
The
profits, dividends,
etc.,
WO^.J
SI,
PBOFITS.
1904.
.$645,057
Dividends
Increase in surplus
1903.
1902.
$480,000
165,057
$766,965
$480,000
286,966
$726,897
$300,000
426,697
$645,057
$766,965
$726,887
BALANCE SHEET DEO.
1P04.
$
187,411
7,000
Fed'l Co.bds.own'd
36,000
Stocfeg owned.
1,060
Accounts recelv'le 1,699,407
Title Guar.4Tr.Co.
Assets—
Cash
Mortgages owned.
31,
1903.
%
2 0,949
30.635
560,000
1,060
l,604,y«7
200,000
Mdse. manufact'd
402,S56
and in process...
Rea) est. & imp'ts. 1,799,080 l,431,2Hi
Machin'7 & plant.
891,084
6a8,509
Patents, good will,
1903.
1804.
LiabiUUes—
Mortgages payable
$
745.000
145,000
2ei,308
3l4,8k:l
600,000
1,200,000
Build'g loan (Title
G uaranty & Trust
Company)
Accounts payable.
Federal
460.000
Company
bonds
Reeerve for depredation
Caplral stock
Surplus
117,344
191,578
12 000,000 12,000,000
713,863
878,920
contr'ts, copy'ts,
Total
7tf,
14,676,804 14,941,028
Total
14,676,e04 14,941,088
p. 1708.
Central
& South American Telegraph
(Report for Fiscal Year Ending Dec,
Co.
SI, 1904..J
President James A. Scrymser under date of March 27 says:
Our receipts from all sources during: the past year amounted to
$1,140,-154; operating expenses were $412,778; dlvldenda paid [6
p. 0], $46a,536; value Of cable used in repairs and improvements,
$67,a22; Mexican Government's participation in earnings, $644,
leaving an addition to surplus for the year of $195,574, which, addtu
to the surplus Dec. 31, 1903, «820,913, makes the total surplus Deo.
31, 1904, $1,016,487. The usual estimate for the current quarter
shows an adclitlon to surplus of $100,116 (see V. 80, p, 1237).
BALANCE SHEET DEO.
Assets—
$
Plant
8,252,556
Spare cableon hand
120,774
Cash In bahks
345,771
Increased stock, 793
shares, at par
RR. bonds & other sees,
(par, $461,300) cost...
469.073
Treasury stock (par)
274,400
Sundry debtors, including
traffic
balances....
Total
-V. 80, p. 12a/.
31, 1904.
Liabilities
—
$
Capital stock
8,000,000
Ettrnlngs invested in
514,801
plant
128
Profit from sale of stock
Sundry creditors
Proposed January
dend
Surplus
revenue,
11,583
divi-
115,884
Deo.
31,1904
1.016,487
Total
9,658,883
196,309
.9,658,883
tfO, p.
Brunswick
& Western 1st M. 43, 1938.
& Gulf da, 1918.
Silver Springs Ocala
1174, lOici.
—
Baltimore & Ohio RR.— New Locomotives, Contracts have
been closed for 250 new locomotives that will cost in the
aggregate a little over|4,000,000. The American Locomotive
Co. will build 210 consolidation freight locomotives and 35 Pacific type passes ger locomotives, and the Baldwin Locomotive
Works five switching locomotives. The contracts call for
the beginning of delivery in August and its completion by
Dec. 1, 1905, the additional motive power being desired as
early as possible to meet the heavy increase of traffic. The
Inability to make deliveries before December, it is said, prevented the Baldwin Company from getting any considerable
These additional locomotives will make the total number for the
Baltimore & Ohio RR. and affiliated lines 2,075. This number will be
slightly reduced by the putting out of service of some old locomotives
when the new ones have been received, but it will still leave the road
with almost double the number of locomotives it had when It went
into the hands of the receivers. With the 10,000 freight cars which
the company has decided to add to its equipment, and which will be
contracted for in the near future, the end of the calendar year will
show an addition of 11,250 new cars and 260 locomotives of the most
modern design to the equipment, insuring "'an efficiency second to no
road in the country for the handling of coal, which Is a large percentage of the B. & O. business, and other freight trafflc."-V, 80, p, 1423.
Bessemer & Barrj'8 Bay By.— 1/orfg'agre.— The shareholders will meet in the village of Bessemer, Hastings County,
Ontario, on May 1 2, to vote on issuing bonds at not exceeding 120,000 per mile, or $100,000 in all, covering five miles of
the said railway from L'Amable northerly. H. L. Bingham
is Secretary.
Boston Eleyated Rj.— Bonds.—See West Eid Street Ry.
Hold. Kidder, Peabody &
Co., Boston,
have
—Bonds
trade marks, &c. 9,786,063 9,786,066
-V.
— V.
Atlantic Coast Line of South Carolina
General Mortarage 4s, lfl4S.
and the balance sbeets have share of the order.
been as follows:
Profits
—
Atlantic Coast Line Vi-R.—Exchange of Bonds. The company gives notice by advertisement in another column that
holders of the following underlying bonds will be permitted
until July 15, 1905. to exchange them at par at the United
States Trust Co., New York, for the first consol. mortgage 4
p. c. bonds maturing July 1, 1952, the difference in interest
being adjusted at time of exchange, viz.
24'7,llo
Co, debent's, 12,357,000
Accrued earns. on sees. x269,150
Accrued rental
352,334
O. F.
RAILROADS. INCLUDING STREET ROADS.
37,28'?,O0O
Bond int.— accrued
Col.
GENERAL INVESTMENT NEWS.
30, 1904.
—
placed all the recent issue of $7,500,000 30-year gold
4 p. c. bonds at 105^ and accrued interest. Upon the payment of the next dividend, Aug. 15, these bonds will become
eligible for investment by Massachusetts savings banks,
subject to the decree of the State Railroad Comtnission to
be announcpd in ordinary course of erents next Jaauary.
V.
80, p. 1478, 1423.
Canada Atlantic Ry.— Bonds,
May
—The
shareholders will vote
on iesuing bonds, debentures or other securities to be
secured by mortgage, for an amount not exceeding £3,292,16
200.-Compare V.
79, p. 2454; V. 80, p. 1058.
Cliicago City Ry.— Tran-sfer Decision.— Judge Grosscup,
United States Circuit; Court on Monday, granted an
in junction to prevent the enforcement of the ordinance passed
in February last requiring the Chicago City and Union
Traction companies to exchange transfers at intersecting
points on the State and Clark Street lines with the Van
Buren, Madison and Lake street lines on the ground that
under Acts of the Legislature of 1858, 1859, 1861 and 1865, and
various city ordinances, the Chicago City company once
owned all these lines, and the subsequent lease bv the Chicago City company of portions of its streets to West and
North Side companies cut these streets out of its system and
made them parts of other systems. Each of these companies,
the Conrt holds, is entitled to a 6-cent fare, and to compel
in tbe
;
J
THE CHRONICLE.
728
either of them to carry a passenger on a transfer is equivalent
to reducing the fare to 23^ cents, which means actual confiscation; also that to entorce the transfer ordinance would
impair the obligation of the contract between the city and
the companies, and, be therefore, uncorstitutional.
Since the transfer ordinance is based on the original Acts of
the Legislature, Judge Grosscup saysj that the validity of the
89 year Aot is involvt d In the transfer case. Iq his opinion
the case cflfers a means of arriving at a speedier conclusion
on the 99-year Act than the pending litlgatioa in the State
courts, which in any event would be carried to the United
States Supreme Court. He is quoted as sayicg:
"I hope the case will be appealed. The appeal can be
taken directly to the Supreme Court without passing through
the Apppllate Court. The case can be heard and a decision
had by December which will settle all the pending 99-year
litigation."
Made Defendant in Union Iraction Suii.— Judge Grosacup
has granted the Union Traction interests permission to
amend the North Chlcage ancillary bill involving the 99 year
Act by making the Chicago City Ry. a party defendant,
bringing the latter into the Federal Court, so far as the lines
from the river south to Lake St.^ on State St. and to Washington St. on Clark St., are concerned. This gives an important advantage to the railroads in future negotiations by
placing the Clark and State St. bridge privileges under the
protection of the Federal Court.
Proposed Jtfunicipal System.— See Chicago Union Traction
Co., below.— V. 80, p. 1362, 871.
Cbleatro & Eastern Illlnoig KR.—Neto Mortgage,— The
Bhareholders will vote June 29 on making a refunding and
improvement mortgage to secure not exceeding $55,000,000
4 p. c. 50 year gold bonds, subject to call at anv time at company's option at 102>^ and interest on 60 days' notice. The
new bonds are to be issuable as follows:
To be sold forthwith to provide for ImprovementB and
additions and to reimburse the company for Its Investment In the Xbebes Bridge (see Soathern Illlnots & MlsBonrl Bridge Co., V. 80, p. 1424) and In certain stock
and bonds of other oompanles
95,000,000
Keserved, to be Issued from time to time under proper restrlotious to provide for additions and improvements,
Including equipment
15,374,000
Beserved for refunding the total amount of bonds isgaed
and issuable under existing mortgages, viz.:
General oontol. and 1st mort. 88 of 1937.. $30,000,000
Chicago
&
Indiana Coal Ry. Ist mort.
5s..
4,626,000
34,626,000
Correction,— In 1897 the issue of bonds under the general
consolidated mortgage was limited by supplemental agreement to $30,000,000, but no provision was made therein for
the reservation of a portion of the $30,000,000 to take up the
bonds of the Chicago
Indiana Coal By., as at the time was
reported to have b^en done.
Decision, The United States Circuit Court of Appeals at
Chicago on April 23 aflBrmed the decision of the lower court
which upheld the right of the company to run its through
passenger trains into the La Salle Street (Rock Island) station
at Chicago instead of the Dearborn (Chicago & Western
Icdiana RR.) depot. See V. 78, p. 343.— V. 80, p. 162.
&
—
[Vol. Lxxi.
amount of cash per year and the term of years,
not to exceed twenty, which shall be provided for In such lease.
(I
Proposals are also Invited by the city for the sale to the city of
existing tracks, wires and equipment owned by the companies whose
ordinance rights In the streets above mentioned or In any part thereof
of the system, or the
I
)
have expired.
(12) Possession of the streets specifloally above named will net be
given bv the city of Chicago until after the deolplon by the circuit Court
ot the United States in and for the Northern Dlstrlo: of Illinois of the
Injanotlon suit therein pending In wliloh 1^ Involved the question oi
the date when the ordinance rights of the Chicago Passenger Railway
Co. in the streets above named expire; nor until the date of ex; Iratlon deteroilned by the final decree iu Siald cause.
All bids must be delivered to the Comptroller of the city
of Chicago on or before July 1, 1905, in sealed envelopes,
with a certified check for $25,000. Friends of the company
claim that its franchises on the above-named lines have still
two years to run.
On Apr. 19, after a formal conference between the new
municipal administration and the representatives of the com-
pany, Corporation Counsel Tolman announced that it had
been agreed that "the tracks of the Chicago Passenger Ry,
Co. on Michigan Ave. should be taken up, the work to begin
at the earliest practicable moment." There was an informal
discussion, he said, on the following points:
(1) The Immediate Improvement of the service.
(2) The Immediate
advanceuent of the final decree In the North Side 99-year case. (3)
The exreflltlon of the entry of the 99 year litigation to the Snpreme
O'mrtiif the United States. (4) The arrangement of a public conference at an early date between the traction interests, the committee on
local transportation and the Mayor, with a view to ascertaining a
basis for the purchase of all the traction lines and the settlement of
all oontroverdles between olty and traction companies.
Mayor Dunne says: "There must first be a referendum
votp of approval bafore the city can take the lines." V. 80,
—
p. 1362, 1058.
& Toledo Traction Co.— Stock Offered.
stockholders, it is announced, have until May 1 to
subscribe for the $250,000 new 5 per cent cumulative preferred stock at par, in proportion of one share for every
twenty which they now hold of the common. Compare V.
Cincinnati Dajton
—The
80, p. 1478, 1362.
Cincinnati
Inter-Terminal
UR,— Capital
Stock
company
—This
recently reduced its capital s^oeft from $410,000 to
IIO.OCO and then increased it to $1,010,000, of which $10,000
is common and $1,000,000 first 4 p. c. preferred, the latter
being guaranteed by rentals to be paid by Obesapeake
Nashville. The road will connect the
Ohio and L juisville
D. terminals. The common
C.
O. bridge and the C. H.
stock ($10,000) issued for purpose of control is owaed by the
Cincinnati Elevated RR,
Covington
Transfer
Bridge
O. bridge across the river at CinCo., which owns the C.
cinnati and whose stock ($1,500,000) is owned by the Ches.
Ohio Ry. The first preferred stooR is to be issued for purposes nf construction. President, George W. Stevens. Com-
&
&
&
&
&
&
&
&
&
pare V. 79, p. 212.
Cleveland Cincinnati Chicagro & St. Louis RY.—Cut-Off—
New Line Between Chicago and St, Louis.— Ot the new money,
$5,600,000, immediately available from the proposed stock
ipeue, a considerable part, it is thought, will be need to
build an independent cut-off 100 miles in length from Dauville,
m., to ludiana Harbor, Ind., whence the Lake Shore &
Chieago Rock Island & Paeifle Bj.— Listed,—The Nev7
York Stock Exchacge has listed |7,COO,000 additional refund, Michigan Southern might be used to the Van Buren St Station
mortgage 4 p. c. bonds of 1934, making the total listed $82,- in Chicago, 19 miles. The new road would give the company
558,000.
The additional bonds were iseued as follows Ac- a line of its own from St. Louia and the Illinois coal fields to
quisition of property, |3. 846,000; part of $4,500,000 iseued to Chicago, and make unneoesaary the long-standing agreement
redeem Scullin acd Francis notes, $3,154,0C0. Compare V. with the Illinois Central by which that company has hauled
the trains of the C. C. C. «fc St. L. on a percentage basis from
80, p. 472.
Earnings.— For the 8 months ending Feb. 28 Gross earn Kankakee to the Illinois Central station in Chicago, a distance of 56 miles. A construction paper announces the
inge, 128,829,110
net. $9,248,671
other income, $819,522
for the building of the cut-off, but the
total income, $10,068,193
taxes, 1,075,905
interest and letting of contracts
does
not
confirm
the particulars above given. Comcomp»ny
rentals, $5,437,786
betterments, $61,304 total charges, $8,574,994 balance, $3,493,198 dividends, $3,179,972 surplus, pare V. 80, p. 1423, 1358.
Delaware & Bonnd Brook RR.— Refunding Bonds.—Thia
$313,226.—V. 80, p. 1423, 1363.
Chicago & South Shore (Electric) Rj. Sale May S 6. —The company, whose property is leased to the Philadelphia
foreclosure sale, It is stated, is set for May 26 at Laporte, Reading Ry. Co. (Reading Company), announces that at the
annual meeting on May 11 the stocbholdors will vote upon
Ind.-V. 80, p. 1362.
the question of authorizing an issue of $1,800,000 mortgage
Chicago Union Traction Co.— Ltens.— Go April 6 judg
bonds to retire its maturing bond obligations to this amount.
ments were entered in the Saporlor Court agaust the com—V.
68, p. 722,
pany on two notes, aggregating $85,000. on which $86,132 is
Paso & Rock Island Ry.—Readfustment,— The holders
El
due. The company owes about $8,000,0U0, which it is probonds on this road, and also of the bonds of the Dawof
the
posed to pay when the recftlvership ends,
City Advertises for Bids.— Under date of March 30 an ad- son Railway <fe Coal Co,, have been asked to give an option
vertisement is published in the "Engineering News" by the on the bonds with a viflw to a readjastmeot of the funded
Mayor of Chicago calling for bids for the construction and debt and to provide for floating debt of some $2 600,000. No
installation of a system ot municipal street railways within plan has as yet been formulated, and It is thought It may be
deemed advisable to include in a readjaatrntr-nt plan some
the city of Chicago, in part as follows:
of the other issues of the New Mexico Railway & Coal Co.
(1) The system will first be Installed upon the following named
system, of which the above properties are a part, No destreets and parts of strfletB, to wlf:
Adams St., from Clark 8t. to Desplalnes 8t.
fault in interest has as yet occurred. See statement and map
Desplalnes 8t from Adams 8t. to Harrison 8t.
of New Mexico Railway & Coal Co. in Railway & Indus:
:
;
;
;
;
;
;
;
;
;
&
•
,
from Dnsplalnes 8t. to Westmn Ave.
Western Ave,, from Harrlsm 8t. to Twelfth 8t.
Twelfth St., from Western Ave. to Crawford Ave.
It will be extended over the following streets and parts of streets,
upon which the rights of the present occupants have already expired.
Halmed St., from Harrison St. south to center of Chicago Blver.
Ogrten Ave., from Harrison 8t to Fortieth Ave.
And will, at the pleasure of the City Council, be extended Into any
and every other part of the olty of Chicago, upon streets In which the
rights of the present occupants have already expired or will expire
during the years 1905 and 190d, and upon fuch other streets as m*y
in the discretion of The City <;onncll be deemed advisable for making
connected routf« and lines of street railways.
(5) 8epnrate bids shall also be submitted for the furnishing of not
lesM thi»n 60 nor more than 3.50 carw of thii double-truck typn.
(8) If th« bidder so elects, bids may be submitted upon the basis that
the completed system Bhall be so leased to such bidder, and in snob
case he shall submit with his bid the percentage of the gross receipts
Harrison
8t.,
trial Section.
Eastern New York (Electric) RR.— Mortgage.— Thia company, successor of the Ballston Terminal RR., recently made
a mortgage to the Metropolitan Trust Co. of New York, as
trustee, to secure $1,750,000 of 5 p. c. gold bonds.
The bonds are dated Jan. 1, 1905; denominations $500 and $1,006;
principal due Jan., 193B (no option); interest payable July 1 and
Jan. 1 in New York City; amount outstanding understood to be $300,000. The road extends from Ballston, N. Y., to Mlddlegrove, 16
miles, with extensions pn J«oted to Johnstown, Oloversville, Amsterdam and Saratog*. Authorized capital slock, all oommon, $1,750,000;
ouisiauctlnu', $.'i00,000. President. A. R. Law; Seoretary and Treasurer, I. J. Eshelman.-V. 79, p. 2796.
Kansas City Fort Scott & Memphis Rj.— Called Bonds.—
Charles Merriam and associates, trustees under the mortgage
—
—
Apr.
THE CHRONICLE.
29, 1905.]
1729
Pittsburgh Terminal RR. & Coal Co.—Stock Pledged—
Ozark Equipment Co., will pay at 53 State St., Boston,
on May 1, bonds called for payment at par (ex-coupon dae New Consols.— See Wabash RR., below.
Description of Coal Mines. See Wabash-Pittsburgh TermMay 1, 1905) as follows: First series due May 1, 1910. |40,000;
inal RR. in V. 80, p. 1480.— V. 80, p. 1480.
second series due Nov. 1, 1910, $60,000.—V. 79, p. 2796, 1704.
Rahwaj Valley RR.— GonsoZidaMon.— The New Orange
Lake Shore Electric Ry., Cleveland.—Bond Sale.—The
underwriting syndicate, it is announced, has sold to C. D, Four Junction BR. wag consolidated with the Bahway ValBarney & Co., Philadelphia, the outstanding: $1,750,000 first ley BB. on Mar. 1, 1905, The road extends from Boselle
consolidated mortgage 5 p. c. bonds of 1903. The author- Park and Aldene. N. J., on the Lehigh Valley and Central
ized issue is limited to $4,000,000, the remaining $2,251,000 BB. of New Jersey, respectively, to New Orange, 3 4 miles,
being reserved to retire divisional bonds due In 1920 and and has under constrncioion an extension to Sommit on the
1927.
See page 762 of Street Railway Section.—V. 80, p. Morris & E?sex Division of the Dataware Lickawanna &
of the
—
>
Datails of securities not yet arranged.
Cole. Elmlra, N. Y.; Vice-President, Louis Keller,
261 Broadway. New York; Treasurer, James 8. QllDert, 30 Broad St.,
Now York Secretary, H. F. Dankel, New Orange, N. J.
Western.
997, 472.
LOHiflTllle & Nashville HE.— Rumor Denied.— The report
that preliminary papers have been signed for a lease of the
road to the Atlantic Coast Line BB. Co. which would
N. stock is authoriguarantee 7 p. c. per annum on the L.
tatively denied. "Nor is the execution of any such arrangement contemplated by the corporations concerned. By this
it is not meant that there is no possibility of a closer alliance
at some remote period between the companies than that
which now exists, but that any lease is impending may be
absolutely deniad."—V. 80, p. 1424, 1235.
&
HaBsachngettg Electric Companies.- CaKed Bonds. —Thirfirst mortgage 6 p. c. bonds of the Dighton
Somerset & Swansea St. By., dated Jane 15, 1896, have been
called for payment at 105 and interest, at International Trust
Co., Boston, on June 1.— V. 80, p. 1479, 1424.
teen ($13,000)
Midland Yalley RR.— Not Sold.— Touching the report in
the press despatches that the Atchison has purchased the
road, we are informed that there is "no truth whatever in
the rumor that the Atchison has acquired control of this
property or is acquiring it."—V. 80, p. 472.
New Mexico Railway &
Coal Co.— See El Paso
&
President,
W. W.
;
Reading Company. Refunding Bonds for Leased Line,
& Bound Brook BR. above.— V. 80, p. 118.
—
See Delaware
&
Rochester Ry. & Light Co.— Acquisition.— E. W. Clark
Co. of Philadelphia, acting for the compaay, have purchased
Suburban By.- V. 80, p. 1480.
the Rochester
&
Bocliester
& Sabnrban Rj.—Sold,—8ee
Light Co. above.— V.
St.
Lonis
& San
Rochester By.
&
71, p. 699.
Francisco
—See Chicago* Eastern
RR.— iVew Bonds
Illinois
abDve.— V.
for Subsidiary,
80, p. 1424, 1363.
Sao Panlo Tramway Light & Power Co.— Beporf.—The
results for the calendar year were:
Net.
Charges.
Tear—
Qross.
Dividends,
Bal., sur.
1904
$1,419,338 $941,782 $293,782 (5V/o) $620,087 $127,973
899,428
1903
1,303,175
286,885 (7h%) 391,379
221,164
—V. 79, p. 2458.
Schuylkill R&iln&j.— Purchase— Mortgage.—This new
company has purchased all the property (except cash and
Rock accounts receivable) of the Schuylkill Traotioa Co. and the
Labeside Ry. Co., subject to underlying bonds, to retire
which a snffident amount of bonds of the new company is
New Orleans Wreat Nortliern RR.—Increase of Capital reserved as shown below. The purchase of the Lakeside Ry.
Stock —The shareholders will vote May 25 upon iucreasing is made subject to a rental in the nature of a ground rent
the capital stock from $1,100,000 to $2,500,000. Compare V. equal to 5 p. c. of its gross earnings to be paid to the Lake80, p. 1235, 998.
side Ry. Co. under the terms of the lease of its property to
New York Central & Hadson River RR.— Payment of the Schuylkill Iraction Co. The new company has made a
Debt Certificates.— The $3,577,500 of outstanding extended mortgage to the Fidelity Trust Co., Philadelphia, trustee, to
debt certificates of 1853, maturing May 1, 1905, will be paid secure $1,450,000 bonds, applicable as follows
Reserved to retire all underlying bonds, viz.—
on that date at the office ot J. P. Morgan
Co., New York,
Schuylkill Traction Co. first mortgage 5s
$500,000
All interest due on said certificates will be paid as usual at
Oonsol. mtge. 4^8, now reduced to
105,000
the office of the Treasurer, Elward L. Bossiter, Grand
Lakeside Ry. first mortgage 4 p. o. bonds
150,000
Available for other purposes
695,000
Central Station.
ZiMfed.— The New York Stock Exchange has listed the $80,The company has agreed to spend this year about $100,000
000,000 4 p. c. 30-year debentures of 1934.—V. 80, p. 1479, 1424. for betterments and additions. Directors (and cffloers):
Island Ry. above.— V. 79,
p. 2796.
:
&
O. H. Oerber, President of Schuylkill Haven & Reading; MaoHenry
New York City Interborongh Rj.—Stock Increase.—TMb Wllbelm.
Ashland; D. J. Langdon, Treasurer, Shenandoah;
company, having begun the coastruction of ita trolley lines Williams.Secretary,
Leib, Assistant United States Treasurer, Ashland; Dr. J.
in the Bronx as feeders of the Interborough Bapid Transit O. Blddle, Miners' Hospital, Ashland; Dr. G. K. Blnkley, Orwlgsburg;
tunnel, has filed a certificate of Increase of capital stock from J. S. flonaenlck, Shenandoah; John Mlldazts, Shenandoah; Dr. O. A.
Bleller, FraokviLle,
$40a,000 to $5,009,000.-V. 80, p. 1479, 1175.
Northern Pacific Rj.— Listed.—The New York Stock Ex
change has listed the $155,000,000 capital stock.
Earnings.-FoT the 8 months ending Feb. 28
:
1904-05.
8 mot.
I
1903-04.
8
TtiOa.
I
Gross earnings ....83.771,946 31,939,658
Net earnings
17.492,484 15,4flH,292
Taxes
1,0 4,000
981,410
Net oper. Income.. le,43»,424 14.4y4,86«
other tncoDie, not
Inclad. land sales. 1,238,440
1904-06.
1903-04.
8 rnos.
8 mos
Deductions—
t
$
Interest and rentals. 4.73.\60T 4,720,819
Uivldeuds on stocK.6,975,0U0 e.b74,99J
Improvements and
OeLterments
1,780,257 1,513,184
946,332
and Alexander
Scott, Fraokville.
Sehnylkill Traction Co.—fl^ate.—See Schuylkill Railway
above.— V. 72, p. 676.
Spokane & British Columbia Rj.— Consolidation.— JJnAer
this title and with $5,000,000 of authorized capital stock
there were recently merged the Republic & Kettle Valley
and the Kettle Biver Valley railroads, which run from
Grand Forks, B. C, on the Canadian Pacific, south to Bepublio, Wash., 42 miles. An extension from Bepublic to
Spokane is said to be proposed.
Uiiion Pacific RR.— Jifr. Oould Retire9.—Gdorge J. Gould
announced on Thursday that he had resigned as director and
—V. 80, p, 1479.
as member of the executive committee of the Union Pacific,
Pennsylvania RR.— Convertible Bonds Gffered.—Bioren & adding, " I did so because the time had come when the interCo., Philadelphia, are offering at ICOJ^ flat, by advertisement ests of the roads with which I am connected demanded the
on another page, $1,600,000 of the new convertible SJ^ p. o. construction of the Western Pacifis to the coast, »nd I
gold bonds due Oct. 1, 1916, but convertible into stock at felt unable to continue on the directorate of a parallel and
150 p. c. ($75 a share) at any time after Dec. 1 next, unless competing line. The resignation has no other significance. I
previously called for redemption under option beginning shall resign also from the Oregon Short Line and Southern
Dec. 1, 1910; denomination, $500 and $1,000. Compare V. 80, Pacific in the near future. I resigned from the Alton some
lime ago. As for the Burlington, I cannot say as yet."
p. 1112, 1235.
See Western Pacific Ry. bslow.— V. 80, p. 1334, 1060.
Pere Marquette RR.— Dividends Under Lease.—The lease
oftbe road to the Cincinnati Hamilton & Dayton for 999
Wabash-Pntgburgh Terminal Rj.— Guaranty -Pledge of
years from Mar. 1, 1905, provides for payment by the latter of Stock— See Wabash RR. below.— V. 80, p. 1480, 1231.
sums ecfificient to pay dividends of 4 per cent on the preferred
Wcat End St. Ry., Boston.— Bonds Ojfered.— The Treasurer
and 5 per cent on the common stock, respectively, either out- will receive bids till 2 P. M., Tuesday, May 2, for an issue of
standing, or as the sam9 may be hereafter increased, viz.:
$200,000 4 p. c. refunding gold bonds, part of an issue dated
On the common stock, aeml annual Instalments on Jan. 1 and Jaly Aug. 1, 1902 and maturing Aug, 1, 1932. The proceeds will
1; on the pieterred 6tooS, eeml annual Instalments on July 2 and
used to pay South Boston Hors3 Ry. 5% bonds due May 1.
Deo. 30. Also on April 1,1906, a Bum eulHclent to pay 1 per cent on be
the common stock In full of all arrears In respect to the oomoion stock -V. 80, p. 1425, 652.
Net Income,
main sy8tem..l7,671,864
15,431,174
Total
13,490,883 13,237,943
Balance, 8arplas.4, 181,001 2,193,231
nrtoJan 1, 1905. [This dividend was paid on Apr. 1, 1906.— Ed.]
The Instalment of 2 per cent on the preferred «took, payable July 1,
win cover the first halt of the year 190S.— V. 80, p. 1059, 998.
Philadelphia Company. Pittsburgh.— Linear Tax Illegal
of Pennsylvania on April 17 affirmed
the decision of the lower courts setting aside as illegal the
linear-tax ordinance„pa6sed by the Pittsburgh City Council,
The tax is held to be a property, not a license, tax, authority
to levy the latter being conferred on the city by Section 3,
Article 104 ct tlie Act of 1901 of the Legislaiure. Compare
V. 78, p. U76.-V. 80, p. 6^2, 223.
PblludeUihiu Rapid Transit Co.— Guarantee Authorized.
Tte eharebolders on Tuesday approved the proposition to
guarantee the bonus of the Market Street Elevated RR. Sae
V. 80, p. 1286, 1175.
—The Snprtme Court
—
Wabash
R14.
New
Financial
Plan— Sale
of Notes —It was
announced on April 1 that the company had sold to William
A. Read & Co. and Geo. P. Butler & Brother $10,000,000 i%
p. c 5-year gold notes, part of an authorized iesue of $17,000,000, having as part collateral all bonds to be iesued
under a proposed $15,000,000 5-year general mortgage of the
Wheelitig & Lake Erie BB. As stated below, that compaay
has JQst arranged to sell $10,000,000 of 50-year 4 p. c. bonds.
This sale renders unneoeseary the plan as originally contemand has led to the sale to the firms above named in
I lated
place of the notes above described of $7,000,000 of an issue of
414 P- c. 5-year gold notes, amount authorized limited to
$LO,000,UCO, dated May 1, 1905, and dae May 1, 1910, but redeemable at option of company at par and interest on any
int.lday at 60 days' notice; interest payable Nov. 1 and May 1.
—
A
:
THE CHROXIOLE
1730
These notes are to be secured by deposit with the trudtte
of the f ollowiQg securities now in the treasury of the company
Chloa?o & Western Indiana Ry. 4 p. c. consols
Bnlt Ry. of Cliloago capital stoos (market valae abont
$400 per share)
Pcioltlo Express Oo. Btoek (Talued at $200 per share)
Par value.
$936,000
240,000
1,200,000
121,700
American Refrigerator Tratielt Co. stock
Also by pledge of all obligations which may be received
from time to time for advances to sub-companies, approximately as follows:
Wabash- Pittsburgh Terminal Ry. notes secured by pledge
of all the stock, $14,000,000, of the Pittsburgh Terminal
Railroad & Coal Co
3,000,000
Wabash-Pitteburgh Terminal Ry. notes endorsed by the
Pittsburgh Terminal Railroad <fe Coal Co. and secured
by a pledge of $5,500,000 new consolidated mortgage
bonds [the entire amount now to be issued under a new
mortgage for $1 4.000,000, of which $7,000,000 is held
to retire existing liene] of the Pittsburgh Terminal Railroad & Coal Co
5,000.000
The proceeds of the issue of $10,000,000 notes, of which
17,000,000 has now been sold, will be used to provide chiefly
for certain financial rfquirements in connection with the
Wabash- Pittsburgh Terminal Ry. Co, and the Pittsburgh
Terminal Railroad & Coal Co,
New Officers.— Frederick A. Delano, who last week was
chosen as President of the Wabash- Pittsburgh Terminal Ry.,
has been elected Vice-President of the Wabash RR. It is
said that Mr. Ramsey will shortly be succeeded as President
by George Gould. Henry Miller, recently Superintendent
of the Burlington lines in Misnonri, has been appointed General Manager, Cyrus J. Lawrence recently resigned from
the board and was succeeded by Lawrence Greer, who now
gives place to Mr. Delano.— V. 80, p. 1480, 1425.
West Chester Kennett & WilmiDgton Electric Rj.— Sold,
At the auction sale on April 20 this property was bid in
for $200,000 by Messrs. Vogeler, Kesaler & Hertzler, committee representing the bondholders.—V. 80, p. 1176, 1060,
Western Pacific Rj.—ScUe of Bonds, Ouaranty, Etc.—
The $50,000,000 30-year 5 p. c. bonds (subject to call at 105),
which, as announced last week, have been sold to a syndicate headed by Wm. A. Read
Co., William Salomon «S;
Co. and Blair & Co,, are to be secured not only by a first
mortgage on the proposed new line from Salt Lake to Oakland (San FranciEco) and branches, about 930 miles, but
also through pledge under the mortgage of contracts with
the Denver & Rio Grande and Rio Grande Western,
the Gould lines forming the Eastern connection of the new
line, under which they agree jointly and severally to meet
any deficiency in the earnings to provide for interest on the
W. P. bonds. This guaranty is, we are informed, absolute,
acd not contingent on any traifie guaranty. A majority
of the stock of the Western Pacific will be owned by the
aforesaid guarantors, E. T. Jtffery, President of the D. &
R. G., becoming President of the new company. The work
of construction will begin at once and will be pushed rapidly
to completion, the contract therefor having been taken by
—
&
l)L.
LXXX.
dtrsbood that, they are a«titig for ititerests beutnd a consolidation plan of some magnitude.
The authorized capital is $50,000 of 7 p. o. preferred stock and $75,000 common stock, but these amounts will be largely increased as
soon as existing plana and options have assumed more definite shape.
The corporation is authorized to manufacture and deal in all forms
and by-products of oils, paints and varnishes, to acq aire the plants
and stocks of corporations engaged In similar business, and will have
its own depots for the economical distribution of its products throughout the world.
American Cam Co.—Changa of Fiscal Year, Etc—The
shareholders on Tuesday approved amendments to the bylaws, as follows: (1) Changing the fiscal year so as to end
Deo. 31 instead of March 31; (2) fixing tha time for the annual meeting for the first Tuesdayof February instead of tbe
last Tuesday in April; (3) permitting directors to declare
dividends at such time as they may decide.
Keporf.—See page 1728 of to-day's Chronicle —V. 79, p.
2644.
American Graphoplione Co.—Debentures Offered,—^, Ellsworth Robinson, 27 William Street, is offering for sale a block
of the 10-year 5 d. c. convertible debentures,
1905.
Compare V. 80, p. 1118, 474.
dated April
1,
—
American Ice Co, —90 Per Cent Assents No Deposits
After May J5,— More than 90 p. c. of each class of stock having been deposited under the plan for exchange for stock of
the American Ice Securities (V. 80, p. 1237), the committee
announces that no deposits will be accepted after May 15
and that stock may be deposited before that date only on the
terms of the notice of March 22, 1905,- V. 80, p. 1176, 999.
American Ice Secorities Co.— Sae American Ice Co.
above.— V. 80, p. 1237, 165.
American Locomotive Co.— Oontract.See Baltimore &
Ohio RR. under "Railroads" above.—V. 80, p. 1480.
American Meter Co. of New York City.— iVeto Stock.—
certificate of increase of capital from $3,000,000 to $6,000,000
has been filed with the Secretary of State at Albany, Compare V.
78, p. 1393.
American Smelters' Exploration Co.— Enlargement— New
Name— New Stock.— See American Smelters' Securities Co.
below.— V. 80, p. 873, 1237.
American Smelters' Seenritles Co.— New Name.— Stock
Increased. — This company, heretofore the American Smelters'
Exploration Co. (V. 80, p. 873, 1237), and the owner of
important ore-producing properties or the securities thereof,
is about to acquire a number of well-established productive
smelting properties or the securities thereof, and is to construct additional smelting plants. The American Saielting
& Refining Co. is the owner of a controlling interest in the
common
stock of the American Smelters' Securities Co., in
lodged the voting power for the first two years and
so long as tbe full payment of dividends on the preferred
stock is regularly maintained. Under its amended charter
the stock of the Securities Company will consist of:
which
is
Walston H. Brown & Bros, of this city. The maximum
grade through the Sierra Nevaf^a Mountains will be only
about 1 p. c. The Rio Grande Western Ry. Co. guarantees
that if the proceeds of the $50,000,000 bonds are not sufficient
to build and equip the road, the R, G. W, will take junior
securities to an amount sufficient to provide for tbe same.
Mr. Qould Leaves Union Pacific RR. See that company
above.— V. 80, p. 1480, 1425.
Wheeling & Lake Erie RR.—Sale of Bonds.—The company has sold (at SSJ^?; $10,000,000 of Its proposed issue of
$50,000,000 4 p. c. 50-year gold bonds, subject to authorization of the mortgage by the shareboldera on May 20.
The
bonds are issuable under the mortgage as follows:
Common stock
$30,000,000
Series A preferred stock. 6 per cent cumulative
17,000,000
Series B preferred stock, 5 p. o. cumulative. The American Smelting & Refioing Co. is to guarantee to the hold-
Reserved to retire underlying bonds at or before maturity
about $15,000,000
sold to provide for double-tracking, etc
lO.OOu.OUO
additions
Beeerved to provide for future
and Improvements under restriotlone in the mortgage
say 25,000,000
The making of this mortgage and the sale of the $10,000,000
bonds thereunder does away with the necessity for making
the mortgage to secure $15,000,000 of 5 p. c. 5-year bonds
which it was proposed to use as part cjllateral for an issue
of Wabash RR. notes. (See that company above.)— V. 80,
The estimated net earnings of the American Smelting
Refining Co. for the present fiscal year are about $8,500,000.
It is estimated that those of the American Smelters' Securities Co. will, on the completion of the various works in process of construction and in contemplation, amount to about
$5,500,000, making the aggregate earnings of the two companies about $14,000,000. As against these net earnings the
guaranteed dividend on the entire issue of preferred stock.
Series B, amounts to $1,500,000. Except the interest on
$561,000 bonds of an old issue, which will soon be retired, the
Refining Co. has no charge ahead of
American Smelting
its capital stock [oonsisting of $50,000,000 each of common
and preferred stock, total market value about $l20,00rt,000]
other than that arising on the guaranty of the $30,000,000 of
preferred stock, Series B, of the Securities Company.
Sale of Stock. -Knhn, Loeb & Co. have purchased $35,500,000 of the $30,000,000 5% cumulative pref. stock, Series B.
Acquisition. The Guggenheim Exploration Co. has purchased for a sum said to be $1,600,000 practically the entire
$1,000,000 capital stock of the Central Lead Co., the owner of
extensive lead-mining properties, smelters and refineries in
St. Frances County, Mo.— V. 80, p. 1237, 873,
American Smelting & RfiB.niDg Co.— Extensions and Additions.— Orders have been given to proceed immediately with
the plans for two new copper and lead smelting plants to be
erected in Northern Mexico at a cost of abont $2,500,000.
Additions to the Guggenheim copper-smelting plant at Perth
Amboy, N. J., are to be ompleted this year, involving an
expenditure of about $600,000. There also are to be built at
Perth Amboy a new power house (1,000 horse power), also
additions to the white lead department of United Lead Co.
See
Sale of Guaranteed Stock Acquisitions by Subsidiary
American Smelters' Securities (Jo. above.— V. 80, p. 873, 165.
—
Now
p. 1480, 1364.
—
Wbeelingr Traction Co.— Sate of Stock. The shareholders
will vote May 8 on authorizing the directors to sell, or otherwise dlepoee of, $162,300 capital stock, either at or below par,
mabing the total stock outstanding $2,000,000.—V. 80, p.
1060.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Alton (111.) Water Works Co.— 5oid.— This company's
property was bid in at foreclosure sale on April 18 by Judge
Underwood of New York, representing the bondholders, for
$220,000.
Prior to the sale the International Trust Co. of Boston and the Boston Water & Light Co., who claim thut the pumping station was not
the property of the Alton Water Works Co., jfave notice that C. H.
Venner proposed to take an appeal from the United States Court of
Appeals to the United States Supreme Court on a writ of error.— V.
80, p. 1236, 713.
Amalgamated Copper Co.— Subsidiary Increases Dividend.
—Bee Anaconda Copper Mining Co. below.— V. 80, p. 1480.
Amalgamated Paint Co. Incorporation. — Proposed Consolidation.— The State of New Jerst^y has charterfid the AmaU
samated Paint Co., the incorporators b»lng Frederick H,
Clarke, Herman Bruen and John E. Ingersoll, it being un-
ers of preferred stock, series B, the par value of their
stock on dissolution or otherwise, and is also to guarantee the payment in quarterly instalments of the 5 p. c.
dividends nn said stock, which latter is redeemable at
par on and after June 1, 1930, at the option of the Securities Company
...„
80,000,000
NOTE.-The American Smelting & Refining Co. has agreed not to
issue any bonds and not to make any further guaranties of the capita
stock or bonds or other obligations of any corporation which will involve, including the above guaranties, an actual or contingent liability
on its part for annual interest or dividends exceeding in the aggregate
25 p. o. of its annual net earniuKS for the twelve months immediately
preceding the issuance of such obligations.
&
&
—
—
—
:
:
Apr.
;
:
THE CHRONICLE
29. 1905.]
31
American TekpboEe & Telegraph Co.— Owrput— The out- ment of about $1, SCO, 000 for pas^t lighting bills, holding that
put of instruments for the month and three months ending the city officials acted in good faith in making the settlement. The Court exprea-sed grave doubts as to the right of
March 81 was
,
Month
1905.
To March 31—
Gross outpnt (number) ...169,159
121,514
Net outpnt (number)
Total outstanding
—V.
>
1904.
126,522
91,479
.
3 Months
J905.
1904.
,
301,fi68
434,104
301,372
192,578
4,781,736 3,972,095
80, p. 1426, 1180.
Anaconda Copper Mining Co.— Dividend Increased.— This
company, which Is controlled by the Amalgamated Copper
Co., has declared a semi-annual dividend of 75 cents a share
c), payable May 18 to stockholders of record April 26.
This Increases the annual rate to 6 p. c, contrasting with—
1898. 1899. 1900. 1901. 1902. 1903. 1904.
Calendar year
4
4
4
18
16
13
Tot. divld'd( per cent) 10
(8 p.
—V.
79; p. 153.
Associated Merchants'
Co.—Buffalo Purchase.— Touching
his purchase of the control of the J. N. Adam Co., Buffalo,
N. Y., including the business of the William Hengerer Co.,
also of Bufifalo, which was recently acquired by the Adam
Co., President John Clafllo writes under date of April 20:
"The Buffalo stores were purchased by me individually, and
I have not yet referred the question of their acquisition to
the Associated Merchants' Co."— V. 80, p. 1058, 999.
Atlanta (Ga.) Water & Electric Power Co.—Bonds Offered.—The Fidelity Title & Trust Co., Pittsburgh, is offering at par and interest |500,000 of the first mortgage 5 p. c.
gold bonds dated Jan 1, 1903; authorized issue, $l,500,0OG; outstanding, $1,850,000. See full particulars in V. 79, p. 153, 3149.
Bechtold Crucible Steel Co.— New Enterprise. -See Standard Motive Power Co. below.
Big Sandy (Coal) Co.— Coking Coal Leases Offered.— This
company, incorporated in Virginia in 1900 with $30,000,000
of authorized capital stock, subsequently reduced to $5,0f10,000, is offering " coking coal leases on 180,000 acres of Elkhorn coking coal lands in Pike County, Ky." A close corporation with " no debts or liens of any kind." Property
O. Presireached by the Big Sandy extension of the C.
dent, Chas. E, Hellier, 67 Equitable Building, Boston.— V,
&
70, p. 688.
—
Bowker fertilizer Co.— Further Distribution. This company having received from the American Agricultural
Chemical Co. the final balance of the purchase price of the
.
plant, the directors recently voted to make a further distribution of $50,000 (|5 per share) to the holders of record ot
April 8, 1905.
This win make a total distribution of $900,000 par value in preferred
Btook of the American Agricultural Chemical Oo. and $50,000 in cash,
a total of $950,000, or 95 p. 0. on the capital stock of the Bowker
Company. The salt against the latter, iavolvlng aboat $25,000,
delays the final distribution.— V. 78, p. 1909.
Buffalo (N. Y.) General Electric Co.— Bonds of Subsidiary.-See Buffalo & Niagara Falls Electric Light & Power
Co., below.— V. 79, p. 735.
Buffalo & Niagara Falls Electric Light & Power Co.—
Status.—'^. H. Gay & Co. offered several months ago at lOlJ^
and interest a block of this company's 5 p. c. first mortgage
40-year gold bonds of $1,000 each, dated Feb, 1, 1902, due
Feb. 1, 1942; interest payable Fab. 1 and Aug. 1 at Buffalo
Loan, Trust
&
Safe Daposit Co., trustee, Buffalo, N. Y.
A
circular stated:
Capital stock, issued and outstanding (on which 4 p.o. dividends are
being paid), $200,000; first mortgage bonds, outstanding and limited
to $500,000. Franchise perpetual. For fiscal year of 1904: aroas
earnings (increase of $17,528 over 1903), $119,983; net earnltigs,
$63,1S0; Interest on bonds, $25,000; balance, surplus. $38,130; dividends of 4 p. on $200,000 capital stock. $8,000; net surplus, $30,130.
The Buffalo General Electric Oo. of Buffalo, N. Y., owns all ot the
$21 0,000 capital stock, for which It paid about $400,000.
Incorporated under an Act of New York Legislature with right to
manufacture and distribute electricity in Buffalo, N. Y.; Niagara
Falls, N. Y.; Tonawanda, N. Y. Has long-time contracts with Niagara
Falls Power Oo. and Niagara Falls Hydraulic Power & Mfg. Co., by
which it Is supplied with power at such prices as to enable it to sell at
a good profit. These contracts run, with renewals, until 19i6. Has
contract with city of Niagara Falls (N. Y.) for lighting its streets at
f 65 per annum per arc lamp, of which about; 450 already In use.
CThe) Cincinnati Ice Co.— Consoiidation.— This company
recently incorporated under the laws of Ohio with
$1,000,000 capital stock, of which $666,000 is 6 p. c. cum.
pref. and $334,000 common stock (par of shares, $100), for
the purpose of takirg over the property of three old compa
was
Dies capitalized as follows: Arctic Ice Co., $50,000; Stone
Lake Ice Co., $400,000; Cincinnati Ice Co., $420,000. The
new company has outstanding $300,000 of each class of stock;
no bonds or mortgage. The directors (and officers) are:
President, R. R. Reynolds; Vice-President, J. C. Cullen Jr.;
Secretary and Treasurer, Howard S, Winslow; Stephen
Burton, John G. Broiterman, Arthur Gobel and Ben B. Dale.
R
Citizens' Telephone Co.,
Sioux Palls, So. Dak.— Bonds
the Comptroller to conduct an inquiry as suggested into the
Compare V. 80, p. 1177.
affairs of the lighting companies.
Consolidated
Gins,
more.— ^pp^tcafion
Electric Light
& Power
Co., Balti<
The
$15,000,000 general first
mortgage 4>^ p. c. gold bonds dated Fab. 14, 1905, aire issuable as follows, as shown by a copy of the mortgage:
Issuable forthwith as consideration for the entire Issue of
common stock of the United Electric Light & Power Co
also of $5,8'i2,000of the capital stock of the Consolidated
Gas Co. of Baltimore and $s05.000 of the stock of the Mt.
Washington Electric Light & Power Co
$6,836,000
o/" iii^ono!*.—
;
Issuable forthwith in exchange for the stock of the Wenstrom Electric Co. (consolidated with United Electric
Light & Power Co. as the Consolidated Qas & Blectrio
Light & Power Oo.)
25,000
To be held by trustee and delivered from time to time on
request of board of directors, by resolution duly certified,
for the acquisition ot such bonds and stooke, real and personal property. Improvements, betterments and extensions as may seem desirable to the Baard; and for the
purchase of such additional stock of the Consolidated Qas
Co. of Baltimore and the Mt. Washington Eleotrlo Light &
Power Co. as the directors may from time to time acquire; also to meet the expenses of the consolidation of
the United Electric Light & Power Oo. with the WenBtrom Electric Co., and to pay par to the holders of the
preferred stock of the United Electric Light «fc Power Oo.
who shall not elect to receive In exchange therefor the
prior lien stock as provided in articles of consolidation.. . 8,639,000
The company covenants to pay all interest as it accrues
upon the existing bonds (aggregating $4,500,000) of the several constituent companies which have been finally merged
into it, and at maturity will either pay the principal thereof
or will extend the mortgages securing the same. It also has
full power to use any of the bonds reserved, as above stated,
for the purpose of paying off any bonds of any constituent
company, but it is not required to reserve bonds solely for
that purpose. Compare V. 80, p. 1481, 714.
Comsoiidated Lithograph Co.— OonsoZtdaWon.- This company was incorporated in Nevv Jersey on March 25 with
$7,000,000 authorized capital stock, of which $4,000,000 is 7
p. c. non-cumulative preferred (par of shares $2SS) to take
over the business and property of the following companies,
which are said to control 90 p. c. of the theatre and circus
bill printing of the United States:
United states Lithographing Oo. of Olnoinnatl (V. 79, p. 1026), the
Donaldson Lithographing Oo. of Newport, the Russell, Morean Oo. of
New
York, the Courier Printing Oo. of Buffalo, the Metropolitan
Printing Oo. of New York, the Erie and Walker Lithograph Companies
of Erie. Pa. Total capacity estimated at|$5,000,000 a year. The Strobrldge Lithograph Oo. of Olnoinnatl, it is said, is the only large concern In the United States not Included in the deal. The negotiations
were conducted by E. R. Reynolds of the Metropolitan Co. and George
Bleistein of the Courier Printing Oo.
Incorporators: Ignatius V.
McGlone, Harry N. Wessel and Charles T. Payne. The consolidation
was financed, it is stated, by Graut Hugh Browne, 71 Broadway, N. Y.
Consumers (j^as Trust Co. of Indianapolis.— £>eci8ton
Afflrmed.—The United States Circuit Court of Appeals at
Indianapolis on April 11 (Judge Seaman writing the majority
opinion, concurred in by Judge Jenkins), in the suit brought
by Byron C. Qalnby, affirmed the decision of the United
States District Court holding that the company, under its
charter, has no right to manufacture gas for fuel and illuminating purposes and that the property belongs to the
certificate holders, who are "entitled to relief against the
threatened diversion of the property and to distribution of
the assets." See V. 79, p. 105. Judge Qroasoup dissented.
Iq accordance with the vote of a majority of the directors,
aoplica^n is expected to be made on Monday next to the
U. S. fgn ijeme Court for leave to appeal to that court.
Offlc^^^'—li&Bt November several changes were made, viz.
Lawsou M. Harvey was made a trustee to succeed Henry SohnuH
and the trustees elected as new directors Horace iloKay, G. A.SohnuU
and George Wolf, making, It is said, seven of the nine members of the
board friendly to the contention that the company should hereafter be
conducted as a public enterprise. John P. FreEzel and Frederick
Fahnley were re-elected as directors. Theoflioers chosen were: W.J.
Richards, President; Horace McKay, Vice-President; James W. Lilly,
Treasurer, and Bement Lyman, .Secretary. The Eureka Investment
Company, however. Is understood to own a majority of the certificates. See V. 77, p. 1535, 2037; V. 78, p. 50; V. 7y, p. 105.
De Forest Wireless Telegraph Co.— Dectston.- See Marconi Wireless Telegraph Co. of America in V. 80, p. 1482.—
V. 78, p. 231.
DeriniT Coal Co.— Coniracf. —This company, recently
formed, has made a contract with the United States Steel
Corporation to furnish bituminous coal to its mills In Illinthe mills of the
ois, Indiana and Wisconsin, including
Wire Co. and American
Illinois Steel Co., American Steel
Tin Plate Co., for a period of fifty years from April
Sheet
&
&
1,
1905.
See V.
80, p. 1060, 714.
—
Diamond Chain & Mfg. Co., Indianapolis.— ilforfgagre
O^ered.- Farusworth, Bills & Co., Chicago, 111,, are offer- This company, incorporated under the laws of Indiana with
ing at par and interest $108,000 of this company's Ist mort.
§400,000 capital stock ($100,000 being 5 p. c. cum. preferred),
outstanding, $153,030
Sold 6s, issue limited to $200,000
has made a mortgage to the Central Trust Co. of Indianated Dec. 1. 1902, due Dec. 1, 1922 interest payable June 1
apolis, trustee, to secure an issue of $300,000 bonds.
The
and Dec. 1 at Royal Trust Co., Chicago, trustees, and Kountze mortgage covers the Diamond Chain factory, which
was
Bros., New York. Danominations, $100, $300, $500 and $1,000.
recently purchased from the Federal Mfg Co., a subsidiary
A circular says
of the Pope Mfg. Co. See that company above. The plant,
Liberal perpetual franchise; no royalty; no free telephones to oity. it
is staled, has a capacity of 5,000,000 feet a year and manuIncorporated under laws of South Dakota. Capltul stock, $200,000.
Approximately, $200,U00 invested; 1,450 telephones In use, and add- factures chains varying from a fractioa of an ounce per foot
ing new ones at the rate of 35 per month.
Further facts:
to those weighing 80 pounds per foot.
;
;
Consolidated
(jlas
Co. of
New York.— Decision
—Justice
Bonds dated April
1,
1905, due without option Feb.
1,
191f
;
denom-
gold; interest payable Aug. 1 and Feb. 1 at office of
Supreme Court in Brooklyn, in the action Ination. $1,000 outstatidlrg,
$2CO,00('; reserved to pay real estate
trustee; amount
brought by William R. Hearst, a taxpayer, hasdenied the appU moitgage If desired, $65,000; for additional working capital if
cation to make permanent the injaiicdon to restrain the pay- needed, $35,000. Of the capital stock there Is outstanding all the
Kelly, in the
:
THE CHRONICLE
1732
$300,000 common and >50,000 of the preferred; par of shares, $100.
The company mannfaotures ohaics for transmlsf'ion of power, and
automatic machinery. Prealdeat, L. M. WalnwrUht; Vice Prealdent,
E. C. Dnnmeyer; Secretary and Treasurer, A. D. Johnson.
Electric Co. of America.— Report.- -The results for the
year ending Dec. 31 were:
Tear—
Dominion Coal Co., Limited.— Call for Payment.— On 1904
May 12, at the New England Trust Co., Boston, the company 1908
redeem the entire outstanding isanes of preferred stock
and first mortgage bonds, viz (1) preferred stock $3,000,000
at 115 p. c. and interest at 8 p. o per annum from Jan. 3,
will
,
1905, the date of the last dividend payment, to May 12; (i)
first mortgage 6 p.c. bonds ($2,438,000) at 110 and interest
from March 1, 1905, the last coupon date, to May 13.
the
Bonds Offered.— The following banks and bankersBank
of Montreal, Montreal and branches,
Canadian Bank of Oommeroe, Toronto, and branches.
Lee, Hlgglnson & Oo., Boston, And the Koyal Trust Co., Montreal,
are ofi'eriDg for subscription the new securities below dascribed at 99 and interest for the 1st mortgage 5s and 115 flit
for the 7 p. c. preferred stock, viz
First mortgage 6 p. o. 35-year sinklag fund gold coupon
bonds, denomlnallODS $500 and $1,000, dated May 1,
1905; due May 1, 1940; eubjeot to call (all or any when
drawn by lot) at 105 and Interest after May 1, 1910; coupons May 1 and Nov. 1. Authorized Issue, $7,000,000;
:
held In treasury, $3,000,000, to be Issued only to reimburse company for 75 p. o. of future exp'^ndltures for developing the property and acquiring adoitlonal property,
but not prior to Nov. 1, 1906, and then not unless the net
earnings are at least doable the Interest charges on all
bonds lesued and proposed to be Issued. An annual sinking fund will begin to accrue after 5 years snffiotent to
retire all the bonds at maturity. Kemainder now offdred. $5,000,000
Preferred^ stock 7 p. c, cumulative. In shares of $100 each,
convertible, at option of holder, at any lime up to May 1,
1910, Into a like amount of common stock, and after May
1, 1910, subject to redemption at 125 p. c. and accrued
dividends. Dividends payable Feb. and Aag. 1. In the
event of liquidation, entitled to receive par and 15 p. c.
premlnm and accrued dividends In preference to the common stock. No additional mortgage can be placed upon
the property without the consent of the holders of at least
51 p. c. In amount of preferred stock outstanding. Total
issue now offered
8,000,000
The holders of the present issue of bonds will be given
priority in the allotment of new bonds, and holders of the
present issue of preferred stock will be given priority in the
allotment of new preferred stock; but it will be necessary
for such holders, on or before May 8, 1935, to deposit their
bonds or shares with the Royal Trust Co., Montreal, or the
New England Tru3t Co., Boston, who are authorizad to issue
temporary receipts exchangeable for the new bonds and
shares when iesued. Rate of exchange for old bonds—new
bonds for same amount, plus 11 p. c. in cash. Interest will
be paid on old bonds up to May 12, 1905, and accrued interest on new bonds from May 1 will be collected; for old stock
share for share in new stock. Interest on old stock will be
paid up to May 12, 1905, and interest on new stock will
accrue from that date.
The company has outstanding $15,000,030 of common
stock.— V. 80, p. 1481, 1365.
—
Eaton, Cole & Barnham Co., Bridgreport, Conn.—Increase
of Stock,— The Connecticut House of Representatives has
passed a bill authorizing this company, m^^nufacturers of
plumbers' supplies and brass and iron goods, to increase its
from |500,000 to 8800,000. Daring the past
years the plant has been greatly enlarged.
capital stock
two
Edwards Railroad Electric Light Co.— iZeceiver.— At La
7, upon application of the Metropolitan
Trust & Savings Bank of Chicago, as trustee, under mortgage of April, 1904, Judge J. C. Richter, in the La P* .'.te Circuit Court, appointed Snpt. Frank R. Northam a*o^Seiver
for the company, manufacturers of electric headi.f "vts for
railway locomotives. Interest on boncis [said to aggregate
$50,000] is in default; floating debt reported as small. V. 79,
Porte, lad., on April
—
p. 1644.
Egyptian Portland Cement Co., Fenton, Mich.— BeorgfanizattOTi.—The thareholders voted on Marcti 16 to increase the
capital stock from $1,050,030 to $1,650,000 by the creation of
$600,000 of 7 p. c, cumulative participating preferred stock.
The holders of the outstanding bonds are asked to surrender
the same In exchange for an equal amount of preferred stock,
and for this purpose to deposit them with the D itroit Trust
Co., Detroit, Mich. Over four-fifths of the bonds are said
to have assented, A rlrcular signed by the directors and
sent out under date of Feb. 27 says in substance
Of the Issue of $650,000 of bonds, $507,':'50 have been sold and the
balance (*142,950) has been used as collateral security for $70,816
of the indebte/iueris
There Is an unsecured indebtedness amountlag
to $103,4:19 aslile from the Interest on bonds payable Feb. 1, 1905,
which Is $17,745, making a total debt of about $: 90,030. It will reqnlre approxlojafely $100,<iC0 for working oaplfal and additions.
The preserjt capacity, owing to Inadequate grinding faoUltlee, Is about
750 barrels per day. It must be l,00i) barrels 11 the plant Is to be
operated economically. The directors have this day unanlmoasly
adopted the foUowlDg as the only feasible proposition:
The company t'j Issue $600,000 of 7 p. 0. cumulative participating
non-aseessable preferred stock, the
common slock
not to bo disturbed.
The present bondholders to surrender their bonds and receive therefor
an equal amcmnt of preferred utock. The unsecured creditors to have
option of preferred stock or about 60 p. c. In crtP«h for their claims.
The present mortgage tA) be canceled. To carry out this plan the company will issue a new moi tirage securing not to exceed $iOO,0'jO of
6 p. c. bonds, payable In twenty years with an opti jniil retirement at
Sar In ten years or any time after ten years. The pr( oeridn from these
onds to be uwed to mi»ke settlements with creditors, 10 pay February
Interest and for working o*pital and aduiilons. Under the laws of
Michigan this prefeirr-d stock is not taxable, and In this ca,ne Ic becomes a niortKUKe ana takes precedence over all future indebtedneBS.
It this plan Is not accepted at once the company will go into liquidation, through the oonroB, which will mean a great loss to bondholders.
—V. 77, p. 198.
[Vol. lxxx.
Net income.
Div'ds (6%).
Tear's
lurplus.
$408,903
398,979
$244,719
244,716
$164,184
134,263
— V. 80, p. 474, 225.
Tot.
surp.
Dec. 31.
$772.2"24
608,043
Electrical Lead Reduction Co.— SoZd.- This company's
works, located on the lands of the Niagara Falls Power Co.,
atNiagaraFalls, N. Y., were sold at public auction on March
11 by the assignee, Pedro G. Salome, and were bid in by
Frederick Deacon of Philadelphia, representing, it is supposed, the reorganization committee.— V. 68, p. 1132.
Etnlyn Iron Works, East Chicago.- Sttccesaor.-See Interstate Iron & Sieel Co., below.- V. 78, p. 2444.
Eqaitable lUamlnatiag Gas Light Co. oi Philadelphia.—
Output.— Tae statement of gas sold in the city of Philadalphia for the quarter endiag Mar. 81, as filed with the city
authorities, compares as follows:
Cubic Feet of Gas—
1905.
1904.
1903.
3 months
1,887,394,600 1,838,589,820 1,906,405,590
3 months' gross revenue..
$1,887,394
$1,883,589
$1,906,405
Of which city receives....
183,739
188,858
190,610
New Contract.— See United Gas Improvement
—V. 80, p. 1481,
Co. below.
603.
(The) Federal Railway Signal Co.— New EnterpriseMortgage. — Tbis company, incorporated in New Jersey on
Jan. 24 with $2,000,000 authorized capital stock, of which
$503,000 is 6 p. c. preferred stock (cumulative after three
years), has made a mortgage to the Albany Trust Co., Albany, N. Y,, trustee, to secure an issue of $300,000 bonds.
The company is establishing a plant at Troy, N. Y., for the
manufacture of signals, interlockings, switches and various
kinds of safety appliances for railways. Stock outstanding:
Common, $801,010; preferred, $150,0C0; par of shares, $100.
Di ectors and oflScers:
President, John T. Cade, formerly with the Gensral Railway Signal
Co.; Vice-President, Lawrence Qrlflath, heretofore Engineer MaintenYork
Harlem BR. ;
ance of Way of Grand Central Station and
P. O. Ten Eyck, Assistant Signal Engineer of
York Central; William W. Lavarack, formerly with General Railway Signal Co.; George
New
New
&
L Hall, the head of the G. L. H. Rail Joint Co. of
Pittsburgh.
New York office, now at Room 1933, No, 150
will after April 33 be at 60 Wall Street.
New
Y'^ork
and
Nassau Street,
Was Light Co. of Angasta, G&.—Neio Stock.— This company,
incorporated by the Legislature of Georgia on Jan. 24, 1853,
is applying to the Superior Court of Richmond County, Ga,,
for authority to increase its capital stock, recently $300,000, to
$1,030,003, the new stock to be either common or preferred,
in such amount as shall be determined by the shareholders
by a majority vote; also for authority to issue new mortgage
bonds in order to redeem the $300,000 bonds now outstanding,
At last accounts D. B. Dyer was President and F. W.
etc.
Plumb, Secretary. Annual output of 1903 about 50,200,000
cubic feet; net price of iUumiaating gas, $1*50. Compare V.
74, p. 270.
General Refining Co., Beaumont, Tex,— Reorganized .—
Thi3 company, organized under the laws of Texas, with $1,000,030 of capital stock, is successor of the Central Asphalt
Refining Co., whose property was sold under foreclosure
on Sept 6 and bid in by General Samuel T. Carnes of Mem(Compare V. 79, p, 1267, 682.) No bonds. Mr.Carnes
phis.
is President, L. F. Benokenstein, Secretary and Treasurer,
and T. H. Bass, Vice-President and General Manager. The
oompany will begin business with $100,000 cash and oil and
tankage valued at over $400,000.
Greene Consolidated Copper Co.— Sae Greene Land
Cattle Co, below.—V. 80, p. 1481, 475.
Greene Land & Cattle Co.— Another Enterprise for W. C.
Ghreene.— This company filed a certificate of incorporation in
Connecticut on April 17, its authorized capital stock being
$15,000,000, to take over the personal land and cattle holdings
of W. C. Greene In the United States and Mexico. President,
E. J. Gates; Vice-Pres., Norton Chase; Secretary and Treasurer, Richard A. Jones, all of New York.
Greenwood Coal Co.— Bonds. The bonds recently called
for payment were part of an authorized issue of $250,000
The property is located
first consols, denomination $1,000.
President, R. Q, Brooks; Secretary,
In Pennsylvania.
Thomas H. Ddile, 25 Cortlandt Street, New York.
Hazelwood (Pa.) Brewing Co.— Bonis.—The Treasury
Trust Co. of Pittsburgh recently offered at par and interest $100,000 first mortgage 6 p. c. 15-year sinking fund gold
bonde, dated Oc;t. 1, 1904; due Got. 1, 1919. Interest payable
April 1 and Got. 1.
These bonds are secured by a first mortgage upon all the property of
the company and on the capital stock (*20,0c0) of the United Ice &
Supply Co. The valuation of the property of the Hazelwood Brewing
Co. Is $ J00,0()0 and the estimated cross eftrnlngi4 are $2i0,000 per annum. The present earnings of the United Ice ik Supply (^o. alone will
more than pay interest on $100,000 Hazel wood Brewing G p. 0. bonds.
&
&
—
A sinhing fund of $5,000 per year, bagiunlng Ojt. 1, 19o7, Is provided.
Hrtrring-Hall'MwrTiu Safe Co.-Plm Operative- Further
D'posits Until May 1. — Ttie reorganization commitcee announces that more than 84
p. c, of tbe total outstanding stock
the plan of reoreanizatlon, which has therefore been declared if ;^ciive. Further deposit of stock under
the plan will be received by the New York Trust Co, until
has
af aented to
t-
May l.-V.
80, p. 1287, 999, 9tf5.
HouHtou (Tex.) Gas Co.— iVeu> Company.— Th\^ company
was incorporated at Austin, Tex., on March 1 with $1,200,030
—
Apr.
—
THE CHRONICLE.
29, 1905.J
aathorized capital stock as sncceesor of the Hoaston Gas
Light Co., capital stock, $400,000 (no bonds), which recently
passed under the control of Eastern capitalists. The Gas
Light Co. had an annual output of about 60,000,000 cubic
feet and charged $1*80 gross and $1*50 net. Directors of new
company
are:
Thomas W. Honse, Jamea A. Baker, J. Gharles Dillingham anil James
H. B. Honse. all of Hoaston; Charles A. Hanna, Charles W. Beall, of
New York City, and James L. Parsons of Montolalr. N. J.
Hndson Narlgation Co.— Consolidation Effected,—This
New
Jersey corporation on April 14 absorbed by consolida
tion the New Jersey Steamboat Co., the shares of the latter
being exchanged for stock of the Navigation Company, which
now amounts to $4.0C0,0C0, all of one claes; par of shares,
$1C0, Directors:
A. Brann, John F. Primrose. Edward R. Carroll, all of New York;
R. R. Appleton, Brooklyn, and Edward B. Wire, Bast Orange. Bee
V. 80. p. 1426. 1365.
1733
(J.) Eennard & Sons Carpti Co., St. Loni9.—Increaae of
Tni- jomony has filed a certificate of inCapital Stock
v- rp f ,000,000 to $1,500,000.
crease of capital stocB
The
assets are given as f 1,917,032 and the liabilities $331,518.
—
Kinsman Transit Co., CleTelitnd.— iVerc Stoek.—ThiB Ohio
steamship corporation recently filed a certificate of increase
of capital stock
ner
is
from $362,500 to
—
the Security Tr. Co. of Rochester, N. Y., as trustee, to secure
not exceedicg $15,000,000 of 5 p. c. gold bonds dated Apr. 1,
1905, and due without option April 1,1935; denominations,
$100, $500 and $1,030; interest payable Oct. 1 and April 1 at
Amount outstanding, $220,000. The capioffioe of trustee.
tal stock is $300,000 (GO preferred), of which $153,600 has
been issued par of shares, $100 each. The company controls
the following corporations:
;
Home Telephone Co..
Home Telep. Co.,
Clinton
Home Telep. Co.,
Otsego Home Telephone Co.,
County Telephone Co. of Herkimer, N. Y.
President, W. Finucane, Rochsstflr; Secretary, T. Harvey
Ferris, Utica; Treasurer, F. W. Z^ller, Rochester.— V. 80,
Black Blver
p. 1115,
IngersollSergreaat Drill Co.— New Plant.— The "Eagi
neerlng Record" published on April 15 and 23 illustrated
articles regarding the new manufacturing plant which is
now nearing completion at PhlUipsburg, N. J,— V. 78,
p. 1277.
Internati inal Power Vehicle Co.—For ecloaure Suit.—The
Empire Trust Co. of New York, as trustee, has brought suir
to forf close the mortgage securing $150,000 bonds ($120,000
deposited), intereac on which is in default.— V. 79, p. 503.
$610,500.
Henry Steinbren-
Manager.
la Fayette (Ind,) Telephone Co.— Sonds Offered.— The
American National Bank, La Fayette, Ind., recently offered
$50,000 of 5 p. c. first mortgage gold bonds at 88 and interest.
The authorized 'capital stock, .'BISO.OOO, all outstanding and all
par of shares $50. First mortgage bond issue $150,000,
outstanding $130,000, dated 8ept. l, 1902, due Sept. i, 1922; denominations $50, $100 and $500; Interest payable 'tlareh l and September
1 at La Fayette Loan & Trust Co., m.Ttgage trustee.— V. 76, p. 1150.
of one class,
Lake Steamship Bonds.— iVew
Iud«pendent Telephone Secnrities Co., Utica, N. T.—
Mortgage. A collateral trust mortgage has been made to
Utloa
:
/ss«e«.
& Trust
—The Guardian
Sav-
Co., Cleveland, has disposed of the following
bonds, issued, or shortly to be issued, under mortgages for
which it acts as tiuetee
ings
:
Name of Oo. —
AomeSS.Oo
Vessel.
Issue.
Int. p.
Date.
c.
Wallace $200,000 5J.J. 6Aprni,'05
Ball Bros.
Globe 88. Oo
140,000 5 J.-J. aAprU 1, '05
Robblns I'ransp'n Co.. F. L. Bobbins
75,000 5 J.-.L a April 1, '05
Sylvanla
DuluthSS. Co
160.000 6 J.J. aMay 1, '05
L.O Smith Transit.... L. C. Smtth
184,000 » J.-J. aAprll 1, '05
Superior 88. Oo
Socapa
160,000 5 J.-J. oJune 1, '05
Boffalo & Busq. SS. Co.S. M. Clement
147,000 5 M.S. c June 1, '05
J. C.
a, b. c.-Each Issue of bonds matures In
first Inetalmeat In each case falling due
1906; (6) Jan. 1, 1907; (e) Sept. 1, 1905.
ten annual Instalments, the
as foUowa, viz
(a) Jan. I,
:
—
La Ldz Drainage & Transportation Tnnnel Co.— Sale.
John M. Wiley, General Mauager and A.ttorney, No. 717
Pennsylvania Building, Philadelphia, announces
Negotiations have been concluded by which all the mines, properfranchises and concessions belonging to your company lu the La
Lnz mining district of Mexico are to be transferred to the La Lnz
MinlBg & Tunnel Co. Tour company will then go Into liquidation.
ties,
Lehigh Coal & Navigation Co.— Bonds Offered.— E. B.
Smith & Co., New York and Philadelphia, are offering for
sale $1,500,000 fandlug and improvement mortgage 4 p. c.
gold bonds, iseued to retire a like amount of collateral trust
5s due Sept. 1, 1905.— V. 80, p. 1380, 1238.
Inter-State Iron& Steel Co., Chicafiro. Incorporation.—
This company was organized M*rch 30 to take over the property of the former Emlyn Iron Works (V. 78 p. 2144) at East
Chicago, Ind,, including rolling mills and paddle mills for
Lorimer Antomat^c Telephone Co. Mortgage, —This company organized Feb, 20, 19o5, undar the laws of Maiae with
$10,000,000 of authorized capital stock (all of one class, par of
shares $100) has filed at Troy, O., a mortgage to the Federal
the manufacture of iron and steel bars and shapes. The plant
expected to beopeteJ with greatly increased capacity on
or about May 1. Capital stock, 1400,000; par, $100; no bonds
or mortgage. Directors:
Silas J. Llewellyn, President and General Manager; George P.
Davie, Vice-President and Treasurer; George B. Stewart, Heoretary;
John R. Walsh and Bellg Morris, Chicago.
Chicago office is in the First National Bank Building.
Trust
lowi Loaa & Trast Co., Des Moines, la.—Callei Bonis
This company, incorporated in 1872 (capital stocs $5C0 00 ',
surplus atid undivided earnings $515,000), has called its 5 p. c.
debentures eeries D for payment at Chemical National Bank,
New York, on or before May 1. Holders have the option of
exchange for he new 4 p. c. debentures at office of Wm. E,
Jenks, Room 837, Old South Building, Boston.
Jackson Iron & Tin Plate Co Clarksbarg, W. \ a,— Sold.
—The plant, including three sheet and five tin mills and a
bar mill, was sold by the bondholders oa April 3 for a sum
stated as $127,000 to J. R. Phillips a.id E, T. Wnlr, until recently connected with the American Sheet & Tin Plate Co.
(Uaited Statts Sceel Corporation).— V. 79, p. 2646.
Chicago); Secretary and Treasurer, Robert D. Lay.
is
~
1
,
Jamaica (V.
Y.)
—
Water Snpply Co.—Bonda
Offered
Bcody, McLellan
Co,, New York, recently offered at 101
and interest $250,000 of this c mpany's unified mortgage 6
p, c. gold bonds, dated July 1, 1904, and due Jaly 1, 1954 (ste
circular says in subst^noe
V. 79, p. 273).
Authorized boEd iBsaa. *1.000.000, to retire underlying bonds soon
to mature and to provide for farther extensions to the plant. The
company commenced business 1q 1887. Is has always been prosperous, and It is now supplying water In Jamaica, Blihinond Hill, HoiUs,
Qaeens, Floral Park and Sprinssfleld. The greater part of this terri-
&
A
:
tory is embraced within Ilia limits of New York City. The company
pays dividends of 6 p.
[per annum] on Its stock. The pr.jporied extensions will at once proauoe a revenue greatly in excess of the Interest en the bonds representing cost.— V. 79, p. 278.
Kansas ity Hoiue Telephone Co.— Bonds. -See Kmsas
City Long Distance Telephone Co. below. V. 78, p. 3278.
Kansas City Long Distance Telephone Ci).— Mortgage.—
This company, whose capital stock is now owned by the
Kansas City Home Telephone Co., has made a mortgage to
the Commoci wealth Trust Co. of St. Louis, trustee, to secure
$600,000 of 5 p. c. gold bonds, which are guaranteed both as
to principal and interest by endorsement by the Kansas City
Home Telephone Co. Of these bonds $800,000 are outetanding.
The company was Incorporated In Missouri In December, 1903, as
the Western Independent Telnphone Co., the name being changed as
above In December, 1904 The authorized capital stock is $ ,.500,000,
all of one claec; outstanding. $425,0C0. The bonds are dated Jan 1,
1905, and are due Jan. 1, 19ii!6, but are sub)Bot to call for payment on
any interest date at 106 denominations, $500 and $ ,CO0 Interest
payable July l and Jan. I at office of trustee. The mortgage covers
all the company's lines. There are no prior liens outstanding. Presi((
—
i
;
i
;
dent, E. L. Barber.
The parent company, the Kansas City Home Telephone
Co., has outstiinding $2,000,000 of its $3,0o0,000 capital stocfe
and $2,183,000 of its $3,GOU.OO0 Ist mortgage 53 (compare V.78,
p. 1378).
&
Savings Back of Chicago, as trustee, to secure
$2,000,000 of 5 p, c. gold bonds of $1,000 each, dated March 1,
1905, and due March 1, 1925, but suVjaot to call after five
years at 105; interest payable semi-annually at office of
trustee. The company has acquired the Ameiiean rights of
the American Machine Telephone Co, for the manufacture
and operation of telephones. The President is A, M. Johnson (Vice-President of the National Life Insurance Co. of
Marsellleg (III.) Land & Water Power Co.— New MortThis company, which was originally promoted by
Ferdinand Schumacher, but in 1903 passed under the control of Wm. D. Boyce, has filed a new mortgage for $200,000
to the State Bank of Chicago, trustee, and has^canssd the release cf two old mortgages, viz, that for $275,000 to the
State Bank of Chicago and one for $ JOO 000 to the Northern
Trust Co., as trustee. Und-er Mr. Boyce's management a
new dam has been built, and the companv's annual revenue
has been increased from $2LO0O in 1903 to $36,635 in 19(15,
The new bonds are gold 5 per cents of $300 each, dated Mar. 1,
gage.
—
1905, due In semi annual instalments, the last maturing Mar. 1, 1915,
but snbleot to call at company's option on any Interest day at 103. Interest payable Sept. 1 and March 1 at; office of trustee. No prior liens.
Capital stock, $500,000, all outstanding, and all of one class; par of
shares, iSloo. Company Incorporated In Illinois Mar. 9, 1867. Presand Treas., William D. Boyoe; Sec, Lester H. Strawn.
Mergenthaler Linotype Co.—Aeq'i^sition—New Stock
—
The compar y has acquired
for .$1,250,000 cash all of the
rights, patents and property of every kind of the Monoline
Composing Co. in North and South America and Australasia.
To provide for a portion of the purobase price, |1,000,OCO of
the new stock recently authorized (V. 80, p. 654.) will be issued, raising the outstanding amount to $11,000,000. Stockholders of record May 15 will be given the privilege to subscribe for this stock pro rata at par to the extent of 10 per
cent of their holdings, payable between June 20 and June 30.
The following data about the Monoline Company were reported uncfflulailv: Incorporated under the laws of West VlrKlnla.
Principal
cffiee, Washington, D
CaiDltal stock outstanding. $2,500,000;
C.
»athorlz9d, $3,<^0o,000. Controlled by Herman Rldder of the New
York Staats-Zaitung and the Oswald Ottendorfer estate. Price of typesetting machine, $1,500.— V. 80, p. 874, 654.
Metropolitan Water Co. of Kansas City, Kan.— iStatua
of Bonds. The interest on the company's first mortgage
is
1919
paid
semi-annually,
4
per cent bouda due
Jan. 1 and July 1, at the New York Security
Trust Co.
The company is a West Virginia corporation, with $1,000,00()
of capital stock, and it supplies water to Kansas City, Kan.,
under a franchise expiring in 1907. At last accounts
the plant included 35 miles of mains, and was eupplying
from the Missouri River, by means of pumps and stand pipes,
with settling reservoir, an average of 2,000,000 gallons daily.
Directors: Giles E. Taintor, Frederick M. Colston, George
B Wing, Otto T, Bannard and Frederick W. Arnold.
are informed that the interest is earned on the $1,344,66S of outstanding bonds, and that a considerable amount is
—
&
We
—
THE CHRONICLE.
1734
annually for improvements, all of which have been
paid for from earnings. The limited market and the outcome as to the future of the franchiee account, we are informed, for the low price of the bonds. Should the franchise not be renewed, the city, we are informed would
purchase the plant at an appraised value.
left
Mexican Sngar Co. of New 3 eraej.— Notice to Creditors,
—Receiver Edwin B. Williameon, of Prudential Building,
Newark, N. J., notifies the creditors to present their claims
on or before May 21, or they will be excluded from the benefit of such dividends as may be declared upon the proceeds
of the effects of said corporation.
Mohawk Portland Cement
Co.,
New lork.— Bonds
Of-
fered,— ThiB company, incorporated under the laws of New
York in 1902, as succespor to the Warners' Portland Cement
fferlcg at 97i^ flat its entire ieeue, $150,000, of first
mortgage 6 p. c. 20-y«-ar gold bonds, dated Mar. 2, 1905, the
purchasers having the privilege of subscribing for 8 shares,
par $100, of the company's $1,000,000 capital stock at $72 per
Co.,
is f
share with each bond purchased.
Co.,
New
Trustee, Guardian Trust
York.
The plant Is located at Warn ere, 8 miles west of Syracusp. N. Y.,
and Is reported to baye a capacity of 1,( 00 barrels of cement a day.
The company's marl and clay deposits eoTer 46 acres, averaging. It Is
eald, 24 It. In depth. President, Thearon B. Dean, 42 Broadway, N. T.
Monoline Composing Co.— fl'ate.— See Mergenthaler Linotype Co. above.
Morse Dry Dock & Bepair Co., Brooklyn.— Mortgage.—
filed a mortgage for $350,000.— V. 79,
This company has
p. 683.
Mancle (Ind.) Pulp Co.— S'a^e May S7.— Leo Oppenheimer,
trustee, advertises that bids for the sale of this company's
property will be received on or before May 27 at his office.
York. The sale includes the pulp
No." 60 Wall St.,
mill at Muncie, Ind.; timber lands of approximately 4,825
acres in the counties of Tunica and Bolivar, Mississippi, etc.,
but does not include the property standing in the name of
Oil Co.— V. 79, p. 631.
the Great Western Natural Gas
New
&
National Fire-Prooflngr' Co.—Possible Bond Issue.— The
directors are considering the advisability of making a bond
issue for $2,000,000 to provide for cost of recent acquisitions
aggregating $1,000,OCO and for other purposes. The authority
granted by the shareholders in May, 1903, to issue $3,000,000
additional stock ($2,000,000 preferred) was never exercised.
President Henry is quoted as saying that the company is
earning
its
dividends.— V.
80, p. 708.
Newcastle (Pa.) Forge & Bolt Co.— aforfflforgre.-This company, organized in 1802 with $75,000 capital stock, which in
December of that year was increased to $300,000, has authorized an issue of $75,000 bonds to provide for additions, eto.
The company has annual capacity 4,000 tons of light plates
and 24,000 tons of chains, bolts, nuts, forgings and other finished products. President, J. Norman Martin; Vice-President and Manager, Frank By man; Secretary, T, J, Morehead; Treasurer, C. J. Kirk.
New England Gas &
Oil
Co.— Reduction of Capital
Stock.
—The shareholders of this West Virginia Corporation were to
at 1413 Chapllne St., Wheeling, on Mar. 25, to reduce
the capital stock from $5,000,000 to $500,000, by scaling the
number of shares from 5,000,000 to 500,000, the par value of
shares remaining $1.
The company in 1901, -when offering a block of Its stock at 60 cents
per share, stated that It had obtained 1,800 acres of oil lands In Monroe County, Ohio, and 1,200 acres In Tyler County, West Va. (paying
the rentals under leases In advance), and that it had six producing oil
wells on its West Virginia property. In June, 1802, when the sev-
meet
enth quarterly dividend at the rate of 5 p. o. per annnm was paid,
seven additional wells were reported to be producing oil. Ar last accounts J. H. Dodge was Treasurer and Manager. Office, No. 53 State
Street. Boston.
New
Jersey Steel Corporation, Newark, N. 3.— Incorpocompany was incorf orated in New Jersey on
April 13 with $2,0L0,000 oapital stock. Incorporators: Augustus Thomas, Clifford L. Newman and Henry B. King.
New Jersey Stock Exchange Co.—Jncorporafcd.—This
company was incorporated at Trenton, N. J,, on April 25
with $250,000 authorized capital stock. The Incorporators
are all employees of the New Jersey Registration & Trust
Co.
Niles-Bement-Pond Co.— iVew Offlce, This company has
leased an entire floor in the new Trinity Building, at 111
Broadway, and will be located there after May 1.
Purchase.— TixQ factory property at Nicetown, Philadelphia, formerly occupied by the Cresswell & Waters Co., has
been purchased for use as a foundry.— V. 79, p. 881,
Oliio Leather Co., Yonngstown, O.—New Stock.— Thia company has filed a certificate of increase of capital stock from
$500,000 to $600,000; $200,000 of the capital is 7 p. c. preferred.
Oro Water, Light & Power Co., San Francisco.— fiond
Issue.— The shareholders will meet at the office, 331 Pine St.,
San Francisco, on May 10 to vote on issuing $600,000 bonds.
The company was incorporated in California February last
with $3,500,000 oapital stock, subscribed $5,000. Incorporators J. A. KretBcbmar, R. C. Medcraft, J. Alexander,
L, A. Redman and A. Harvey (Secretary).
Page Woven- Wire Fence Co.— On Chicago Unlisted.— Thia
rated.
:
—This
—
:
>
[Vol. lxxx.
have been admitted to quotation on the unlisted department
Chicago Stock Exchange.—V. 77, p. 2394.
of the
Pennsylvania Iron Works Co.— Called Bonds.-Six first
mortgage 5 p. c. gold coupon bonds for $1,000 each, due
Nov. 15, 1921, have been drawn for redemption, and will bo
paid at 105 and interest at the Land Title & Trust Co.,
trustee, Phlladeiphia, Pa., on May 15, 1905, on which date
interest will cease, viz., bonds Nos. 53, 54, 116, 161, 222, 229.
-V.
72, p. 678.
Pflster
& Yogel Co.— .4fguistKon.— This company, owner
of tanneries in Michigan abd Wisconsin, has purchased all
or most of the $150,000 capital stock of the Eagle Tanning
Works of Grand Haven and Whitehall, Mich., for a sum
supposed to be about $259,000.- V. 79, p. 625.
Pittsbnrgh Oil
& Gas Co.—Report.— The
results for the
year ending Mar. 31 were:
Net
on
Deprecior
Balanet,
lion, etc.
IHvidends surplus.
1904-5.. ..1,568,037 889,647 189,152 See below. (8%|480,000 220,495
1903-4. ...1,767.914 935,682 80,000
$19,087 (6%)360,OC0 476,596
Against the total surplus Mar. 31, 1905 ($697,090), was charged
$205,999 for depreciation, $66,327 for drilling new wells and $25,598
for damage awards, etc., leaving net undivided profits Mar. 31, 1905,
$399,166.-V. 80, p. 1061.
Oal.
Gross
Tear— earninas.
Int.
earns, bond*,
etc.
—
Pope MannfaetoriDg* Co.— Sale of Subsidiary Plants.
This company's subsidiary, the Federal Mfg. Co. (capital
stock originally $3,375,000 but later reduced to $3,000,000, all except 5 per cent of which is owned by the Pope
Manufacturing Co., V. 75, p. 1401, and balance sheet, V. 80,
all
of its six plants,
p. 116), is being liquidated, and
which make automobile and bicycle parts, are being sold.
The Diamond Chain factory at Indianapolis has been sold to
the Diamond Chain & Mfg. Co. (which see below) and the
plant at Cleveland manufacturing steel balls and valued at
some $250,000 has been sold to the Standard Roller Bearing
Co. See that company below.— V. 80, p. 1482, 160.
Port Enron (Mich.) Sbipbnildlnir Co.— Consolidation.—
This company was recently incorporated in Michigan with
$300,000 capital stock as a consolidation of the Jenka Shipbuilding Co. and the Dunford Drydock Co. The new comit is stated, will have capacity for building the largest
size of lake vessels.
pany,
Portsmontii (0.) Steel Co., Wheeling, W. Ya.— Mortgage.
company, incorporated in West Virginia in April,
1902, with $300,000 capital stock, has made a mortgage to
Robert C. Dalzell of Wheeling, W. Va., as trustee, to secure
an issue of $600,000 first mortgage 6 p. c, bonds of $1,000
each, dated April 1, 1905, and due, it is said, April 1, 1925.
The mortgage covers the company's plant at Portsmouth, Ohio,
which Is being remodeled and modernized, and the new 30x84- Inch
plate mill now being installed. The four open-hearth stsel furnaces are
—This
being rebuilt with a capacity of 35 tons each. As further security for
the bonds there Is deposited with the trustee $300,000 Of stock of the
Whlttaker Oles^ner Co., owned one-half each by theLaughlln Nail Co.
and the Whlttaker Iron Co., both Wheeling corporations.
Oflaoere: President, W. L. Glessner; Vice-President, Alex. Glass;
Secretary and Treasurer, B. T. Conners.
Office,
Wheeling, W. Va,
Steel Co.— Supplemental Mortgage.— The
a supplemental mortgage, dated March 15,
1905, to further secure the $10,000,000 of 5 per cent gold bonds
issued under the mortgage dated Oct. 1, 1904, and recently
sold (V. 80, p. 716). The supplemental deed provides that
the mortgage shall cover all property hereafter required, also
that the quick assets shall be maintained as follows
The net cash and quick assets over and above liabilities, other than
the $10,000,000 of bonds and the Interest thereon, shall never be less
than $6,600,000 while any of the said Issue of bonds remains outstand-
Bepablic Iron
company has
&
filed
ing until the total amount of such Issue of $10,000,000 not canceled
shall be less than $6,500,000, and thereafter shall never be less than
the amount of such $10,000,000 of bonds at any lime uncanceled. By
the phrase " ottsh and quick assets " Is meant cash In bank, good accounts and bills and notes receivable, contract notes, or similar or
other securities received on the sale of the products of the Republic
Company, raw material, manufactured products and material In the
process of being manufactured Into products (It being understood that
material shall be figured at actual cost without interest If cost Is below
the market value thereof at the time of the valuation thereof hereunder, but at market value If at such time below cost thereof).
It Is expressly understood and agreed that In the term raw material
no ore or coal shall be Included except such as has actually been mined
and is then on the surface at the mines available for shipment by rail,
or in transit or at upper or lower lake docks, or at works.
The company agrees to furnish to the trustee frequent statements of cash and quick assets.
As part security for the bonds are deposited shares of the
following issues, viz.:
<
Ntimber of Shares
Total Issue.
Mahoning Ore & Steel Co
Union Ore Co
AntolneOreCo
Crotcn Limestone & Brick Co
French Transportation Co
3,O0O
1,500
4,000
UnlonDockCo
2,000
300
."500
—
Deposited.
180
750
2,000
160
312
222
200
900
Mahoning & Shenango Dock Co
New Mill in Operation.— The company's new rail mill at
Youngstown, O., was put in successful operation April 22.
The estimated capacity of this mill is 1,800 groes tons per
day, and it will be able to roll section rails from 60 to 100
pounds per yard or sheet bars and billets. The finishing department has not been fully completed and the mill will not
operate on rails for the trade for about a month.— V. 80,
p. 716, 476.
company 'a
12,000,000 of 5 per cent bonds, $1,000,000 of noncumulaiive preferred stock and $6,OCO,000 of common stock
EP*For other InTeatmont Nctps
«ee
Paces 1738 and 1739.
,
Apr.
:
:
1735
THE CHRONICLE.
29, 1905.]
:
ami ^otnmaxts.
[zpoxts
GENERAL ELECTRIC COMPANY.
JANUARY
THIRTEENTH ANNUAL REPORT-FOR THE FISCAL YEAR ENDING
Schenectady, N.
Y., April 25, 1905.
31, 1905.
custhe close of the fiscal year), have been accepted by the
tomers and payments made.
Company:
have sold a large nimiber of these turbines to various
To the Stockholders of the General Electric
customers in Canada, Europe, South America, Japan, New
past year (inThe profits of your Company for the
73
$46o,716
and
sold
securities
from
Zealand, Mexico and other parts of the world.
cluding $281,927 34.
profits, etc.), after
from royalties, dividends, sundry
expenses
SPRAGUE-GENERAL ELECTRIC CONTROL.
deducting all general and miscellaneous
^nd
and losf
and allowances for depreciation
and
The increase in this business is shown as follows:
writing off $593,624 08 from Patent Account,
Machinery,^^^^^^^^^^
$177849187 from Factory Plants an*!
2,595
^^
Total number of cars equipped January 31st. 1904
^9»7
31st, 190o
tiie
January
equipped
revaluing^
cars
of
in
number
Loss,'
Total
and
Profit
rJsI%ei debit" 'to'
ComManufactunng
Electric
Stanley
Assetfof the
^^joa^oo*w
STEAM RAILROAD WORK.
pany and other acquired interests
$5,959,891 73
The first high speed passenger locomotive for the New York
00
3,684,384
Central R. R. has been thoroughly tested with satisfactory
Paid in dividends during the year
We
'
'
'
'
'
ASnf
o/'surp'lus^lf "he end
Total surplus January
The
sales billed
1905
31,
by your Company to
results.
The electrical
,
-r.
T^
1
work of the New York Central R. R. has exrailroads, and
cited much interest among the officials of other
$9,569,196 48
and estiplans
for
requests
and
enquiries
numerous
the
from
customers for the mates which we receive, it is evident that we are entering upon
of 'iasV flscaf year-
its
was! I^tSSts
for the previous year,
past year were about $2,500,000 less than
about
6 per cent
showing a shrinkage in business done of
off factory
written
amount
the
It will be observed that
thereexpended
cash
the
of
cent,
per
60
plants is substantially
this
of
expenditures
on during the year. It is expected that
either
in
than
year
current
the
nature will be smaller during
conneca most interesting phase of electrical development in
years
tion with steam railroads, and that it will not be many
cities
large
our
of
vicinity
the
before all suburban trains in
power.
electric
by
will be operated
CURRENT ORDERS.
During the year we received about 187,350 separate orders
^
Manufacturing
and
(not including contracts), an average of 624 per working day.
Details of the business in the Selling
and
First
the
of
reports
the
in
The average orders per day indicate the growth of the business
Departments may be found
as follows:
Vice-Presidents.
Third
Auditor
Average number of orders received per working day:
The Financial Report of the Treasurer and General
of the
is
two previous years.
also submitted.
The
i^
.
.
.
,
,
,
,
Accountants is attached hereto.
By order of the Board,
certificate of Public
C. A.
FIRST
COFFIN,
ending
ending
ending
ending
ending
ending
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
31st,
31st,
31st,
31st,
31st,
31st,
REPORT.
VICE-PRESIDENT'S
Schenectady, N.
President.
Year
Year
Year
Year
Year
Year
Y.,
April
473
500
533
1900
1901
1902
1903
1904
1905
|41
»'"
^^
ORGANIZATION.
1905.
1st,
Electric Company:
C. A. Coffin, Esq., President, General
for the fiscal year endreport
following
the
Sir:—I submit
While our total business was less in 1904 than in 1903 in
money value, the number of contracts and orders was greater,
resulting in more work for the organization. Where a customer
placed one large order in 1903, he placed several small orders
his requirein 1904; where a customer promptly decided on
alternate
many
considered
and
ments in 1903, he asked for
SALES AND ORDERS.
of busivolume
same
the
for
work
More
1904.
in
propositions
The total sales (amount billed to customers) during $39,231,328 ness was required of our salesmen, engineers, manufacturers
the year were
The selling organization
^S
094 807 and managers in 1904 than in 1903.
jD,u»<i,ow(
The total orders received were
extra demand with but
this
met
efficiently
and
cheerfully
has
Comparison with the five previous years:
to render the
continued
little increase in numbers, and has
Orders
service.
and loyal
Year Ending
^?"^i^*
Received. most zealous
Billed.
Tnn 5>iot
Respectfully submitted,
$26,323,626
im :. .:
if'T'i-fJ
27,969,541
28,783.2(0
iqm
EUGENE GRIFFIN, First Vice-President.
ing January 31st, 1905:
34,350,840
39,944,454
39,060,038
35,094,807
32.338,036
36,685,598
41,699,617
39,231,328
1002
i-^o
l^u
19^5
VICE-PRESIDENT'S
THIRD
REPORT.
Schenectady, N. Y., April 12, 1905.
by the
"Orders Received" include only apparatus manufactured as serCompany.
items
C. A. Coffin, Esq., President, General Electric
General Electric Company and do not include such
transportation,
freight
installation
^^^
^cefof experts, labor of
Sir:— I submit the following report on manufacturing and
manutacture,
supply material, boilers, engines, etc., of outside
engineering for the fiscal year ending January 31st, 1905
..
and bare copper wire.
^;„^^
..
^ ^
tsuiea.
Amounts
included
in
All such items are
,
.
,
MANUFACTURING.
CONTRACTS.
the important contracts are
90-ton
Contracts with the New York Central R. R. for thirty
turbines,
steam
capacity
Kw.
40,000
for
locomotives,
electric
Morris and
for entire switchboard plants for the Mount
Yonkers Power Stations.
Jersey
Contracts with the Public Service Corporation of New
complements
with
for steam turbines and rotary converters
of transformers, switchboard apparatus, etc.
of JNew
Contracts with Interborough Rapid Transit Company
for
motors
and
equipments
York City, for additional control
trains.
Subway
operation of the
Railway
Contracts for car equipments with the New York City
Union
Chicago
the
Co.,
Co., the Philadelphia Rapid Transit
Co.,
Railway
Street
Northern
and
Boston
the
Traction Co.,
of
Railroads
the Old Colony Street Railway Co., the United
comrailway
street
and
traction
San Francisco and other
Among
^
panies.
About $2,000,000, exclusive
tools, etc.,
erection of
of the cost of patterns, special
has been expended during the year for real estate,
new
factories, extensions to existing buildings,
and
for additional machinery.
The following table shows approximately the floor space
and the number of employees during the past five years
Floor Space. Employes.
iqni
iXXo
7Zi
1^4
1905
2,300,000
2,500,000
3,000,000
3,700,000
4,100,000
;;
.:;.
......;;.;:..
12,000
15,000
18,000
17,000
18,000
The lands of all three plants now amount to about 425 acres.
The total book value of the Land and Buildings of the Schencctadv, L^Tin and Harrison factory plants is $4,593,812 88,
or about $i 12 per square foot of manufacturing floor space.
Ccheneclady Works.
The machine shop of 237,000 square feet, for the manufacContracts for generators to develop water powers in ten ol
ture
of steam turbines, mentioned in the last Report, has been
the United States and in Mexico and other foreign countries.
and partially occupied.
completed
corporations
Contracts for 154 steam turbines with eighty-six
additions and extensions have been made in
minor
A few
and individuals.
different parts of the plant.
CURTIS STEAM TURBINES.
.
sold a total of 289 Curtis
turbines capable of generating in daily operation from 450,000
to 500,000 Kw. Ninety per cent, of all turbines installed and
in actual operation November 1st, 1904 (three months prior to
On February
1st,
1905,
we had
Lynn Workt.
The machine shop and power house
space, referred to in the last Report,
and is now occupied.
is
of 137,000 feet floor
substantially completed
THE CHRONICLE.
1736
A niimber of minor additions to the plant have been made
during the year, amounting in all to approximately 5,000
square feet.
Barri$on Works
Only a few minor additions, aggregating 1100 square
have been made during the year.
[Vol. lxxx.
ASSETS.
PATENTS, FBANCHISES AND GOOD-WELL.
During the year there was expended in acquiring simdry
and in patent litigation, $593,624 08. This amoimt
has been charged to Profit and Loss, leaving the Company's
patents, franchises and good-will standing at $2,000,000, the
same as at January 31, 1904.
patents,
feet,
ENGINEEEIXG.
Engineering effort has, as in the past, been largely devoted
to the extension, improvement and cheapening of our established lines of apparatus.
The commercial success of long distance transmission systems is generally recognized, and the number of such imdertakings has increased. We have now on order apparatus for
nine installations employing currents of 60,000 volts or over
and transmitting electricity from 47 to 100 miles. One of the
FACTOKY PLANTS.
This account represents the Real Estate
ings )
;
Machinery
etc.); Patterns
(lands and build-
steam and
electric plants, tools, appliances,
(including drawings, etc.); and Sundries (fit(
tings and other small property accounts) of the manufacturing
plants at Schenectady, N. Y. ; Lynn, Mass., and Harrison, N. J.
All are free from mortgage or other lien.
On January 31, 1893, the book value of all three factory plants was
$3,958,528 21
that of the Mexican
During the twelve years from that date to January
Light & Power Co., Mexico, which will eventually develop
31, 1905 (over and above all ordinary expenditures
for the maintenance and repair of buildings and
60,000 Kw., and transmit much of the energy 100 miles to the
machinery, additions of lands, buildings, maCity of Mexico for light and power. We have supplied this
chinery, etc.. have been made at a total cost of
17,074,010 40
Company with 31 transformers of 60,000 Kw. total capacity.
Total book cost of the plants
It is not practicable to even mention the constantly in$21,032,538 61
creasing number of applications of electric motors. One inter- There has been written off during those twelve years
a total allowance for depreciation of
13,532,538 61
esting instance is that of the high speed electric motor centriLeaving their book value at January 31, 1905
fugal pump, which promises to replace the steam pump for
$7,500,000 00
Divided as follows:
supplying water to cities. This electric pump occupies about
Shenectady plant
$5,176,724 29
one-quarter the space, costs much less and is more efficient than
Lynn plant
2,038,275 41
the present steam pump.
Harrison plant (Lamp Factory)
285,000 30
Our line of steam turbine generators has been extended and
$7,500,000 00
improved, and a large number of important installations were
A summary of the changes in this account since the last
made during the year. The New York Central Railroad orAnnual Report is as follows:
dered eight 5,000 Kw. turbo-generators for supplying the elecWritBook
Book
Cost
tric energy for that portion of its road between Croton and
Value
Value
of additen off
the Grand Central Station which it is proposed to electrify.
Jan. 31,
Jan. 31, tions during at the end.
1905.
1904.
the year, of the year.
The vertical type which we developed for large units, largely
Estate
and
because of its economy of space, has been uniformly successful Real
Buildings
$955,245 72
$214,777 00 $4,593,812 88
$3,853,344 16
and reliable. The few difficulties which we naturally encoun- Machinery
1,280,056 26
2,906,185 12
2,646,653 84
1,539,587 54
100
166,67841
166,678 41
100
tered on account of the newness of the art have been gradually Patterns
overcome.
Because of its high speed and rotary motion the Furniture and FixtIOC
100
116,98020
116,98020
ures
steam turbine is peculiarly adapted to the operation of electric
generators. The combined turbo-generator has such manifold
Totals
$6,500,000 00 $2,778,49187 $1,778,49187 $7,500,000 00
advantages in economy, reliability, simplicity and low cost,
KEAL ESTATE.
that it is certain to replace all other forms of steam engines in
Factory Plants.)
(Other
than
generating electricity.
The first of the locomotives built for the New York Central
This account represents the investment in the Edison BuildR. R. was subjected to its initial tests on the Central tracks ing, 44 Broad Street, New York City, and sundry parcels of
west of Schenectady on October 27th, 1904. The locomotive land in various places, mostly improved and rented, which have
was tested in daily operation under all conditions for several been acquired at various times, chiefiy in pajonent of debts.
months. It attained a speed of 52 miles per hour with a 550All are free from mortgages and will be sold when opporton train and 69V2 miles per hour with a 265-ton train. These tunities offer.
are official figures with a four mile track. After the track was
STOCKS AND BONDS.
extended to six miles, tmofficial tests showed a speed of 75
Excepting those carried at one dollar as below exmiles per hour.
plained, the total par value of all stocks and bonds
The tests were satisfactory in all respects.
owned by the Company is $20,477,714 00.
Our new alternating current railway motor has been suc- They
$14,488,17216
are carried at an aggregate book value of
cessfully employed on two tramways, and a number of addi- Classified as under:
Stocks of Manufacturing and Selling Comtional orders have been received. This novel fonn of motor is
$5,796,89380
panies
under certain conditions cheaper and more economical than
Stocks of Security Holding Companies.... 3,436,297 67
our standard direct current motor, and the field of electric
Stocks and Bonds of Local Lighting and
5,254,980 69
Railway and other Companies
traction will be extended by its use.
We have succeeded in still further improving the design and
$14,488,172 16
reducing the cost of our standard switchboard devices, and as Miscellaneous securities of many underlying, manufacturing, selling and patent owning corporations,
heretofore have obtained the bulk of orders in this important
and also of street railway and lighting companies,
line.
97.00
carried at one dollar for each lot, in all
Our inventors have been actively at work for several years
to discover more efficient and better methods of electric illuTotal book value of all stocks and bonds as per
$14,488,26916
Balance Sheet
mination than the present carbon arc and incandescent lamp.
Pursuant to the established policy of selling securities which
As a result, this last year we have introduced the "Magnetite"
arc lamp, which gives a light equal to the present carbon arc there is no special reason for holding permanently, various
with about one-half the consumption of energy, and have also stocks and bonds have been sold for cash since the last Annual
made important improvements in the economy of the incan- Report.
Their total par value was $1,322,706 06.
descent lamp.
^
,r.r ^
no
$1,495,643 02
sold for
Our Engineers have been successful in the improvement of They werebeen
68
1,213,715
carried on the books at
They had
the different lines of our small articles of manufacture, such
$281,927 34
as meters, instruments, switches, controllers, etc.
Profit
Letters Patent covering new and important designs have, as
NOTES AND ACCOUNTS RECEIVABLE.
usual, been applied for.
It is a great pleasure to heartily commend the work of our
This account represents the total debts now due the Company.
Engineers and Factory Managers.
They appear in the annexed Balance Sheet at an estimated
value i. e. from their face, $17,731,738 17 there has
realizable
Respectfully submitted,
been deducted an allowance (Avhich is believed to be ample) of
E. W. RICE, Jb., Third Vice-President.
$984,288 78 for possible losses.
recent and
interesting installations
is
,
-,
—
Salet
FINANCIAL
REPORT.
Schenectady, N.
Y., April 20,
C. A. Coffln, Esq., President, General Electric
1905.
Company.
The Balance Sheet and Statement
of Profit and Loss,
herewith transmitted with an explanation of each item on the
Balance Sheet include the assets and liabilities and profit and
loss accounts of the Edison General Electric and ThomsonHouston Electric Companies (which, for convenience of bookkeeping, are consolidated with those of the General Electric
Company) at January 31, 1905; and when "the Company" is
SiK:
—
spoken
of,
—
both the above-mentioned corporations are included.
During
the Tear.
The net amount of sales billed to customers during the year
was $.39,231,328 23.
Of some 16,000 regular customers on the accounts receivable
ledgers, an increase for the year of 500, there were debit balanc'es against 6,500 at the close of the fiscal year.
Oollectiona
During
the Tear.
Durin<T the year the cash collections from notes and accounts
receivabfe exceeded $39,500,000.
On January 31, 1904, tlic face amount of notes and accounts
receivable was $10,304,790 27, all of which have been settled
during the year except $3,053,709 79. A considerable percentage of this remaining amount of notes and accounts is made
up of the obligations of manufacturing, lighting and railway
Apr.
THE CHRONICLE.
29. 1905.]
companies owned or controlled by the General Company, and
which mil be liquidated as the securities of these companies
$16,304,796 27
11,720,015 82
13,2 51,086 48
$928,287 77
$2,125,422 02
?3,053,709 79
^^
^^^^^^^^^^ ^^
^^_g^^^^^^ ^^
____^_
4,000 00
$15,488,952 44
$17,731,738 17
Balances, January 31, 1904.... ?2, 459, 358 43
Of -nrhich there have been
setUed during the past year. 1,531,070 66
Leaving unsettled or unmatured— originating prior to
unsettled and
balances of the current year
The
••••••••••
••••••
^ua^ry'sl WOs'
•
»
.T^.'!".!! .^''."?2,242.7S5 73
Allowances for Possible Losses.
Accounts
Notes
On
Receivable.
debts existing at January
Receivable.
$933,590 66
I'oWed':..'.'!!''.'!'^'.*'^'"..^.-" $163,86187
year,
ments
Balance
of
22,11
allowance
n
-nn
cob
638,490 11
<
kko
en? jn
40
660,607
re•'
Wof'!'^^..^.*..:^.^""^'".'^...
?141,744 58
$295,100 55
$436,845 13
183,667 65
Sbs/mm
(U7
44^eT
547, 44
J bo
This allowance is now increased to cover possible
losses on all unsettled and
unmatured balances of the
current and previous years..
!°*^!
.
.'^
.
'(see
.
page
•
CAPITAL STOCK.
31.
1904,
w
m
•
•
'
•
'
•
annexed Balance Sheet.
IfHl^'ol, "S
:•;•••;••
*
Capital Stock now outstanding
c^'^XX
65,000 00
outstanding
Debentures
$78,000
Authorized against
share
bought
of
(one-third)
a
To be issued for fraction
in connection with 1 Bond, redeemed since June 15,
^^^^
'
^ $325,412 23
$658,876 55
15,488,952 44
$984,288 78
17.731,738 i7
$14,830,075 89
$16,747,449 39
20). 2,242,785 73
''anc?Sheer!?f..^*.^.''.^.^!:$1.917.373 50
In effecting these settlements there were realized $373,682 65
over last year's book valuation, less $1,389 12 loss in settlmg some
debts below their appraised value.
Net gain above appraised value. $372,293 5d.
WORK IN
, „„ ,„
$2,127 400 00
Total Capital Stock outstanding at the date of the
QR9 77Rnrt
Total present allowance for
possible losses to be de''°"'
va£
Value
face
Totll
2,049,400 00
there were outstanding 438,667
shares of the Capital Stock of the Company, Par
$4d, ODD, (Uv
value
During the past fiscal year there have been added 32
„ „. .„
shares issued in exchange for Debentures surren3, 200 00
de re d
; V-IV
l
V setV
amount
addition
to
Dividend
Issued as Stock
forth in last year's report
Aiw^Hnm
4,377,910 00
^Issued for Cash to stockholders at par
At January
„„,_.
29
settle-
$78,000 00
There are now outstanding 3% per cent. 40 Tear Gold
Debenture Bonds of 1902, issued to acquire the
Sprague Electric Co
$1,097,452 53
of
effecting
in
(see fotnote*)
for stock at the option of their holders, at the rate
of $100 of stock for $120 of Debentures. During the
year the holders of 4 Debentures surrendered them
and 32 shares of stock were issued therefor
Total Debentures outstanding at the date of the annexed Balance Sheet
Total.
such allowance
absorbed during the current
Amount
LIABILITIES.
$13,845,437 84
Total
Accounts
Notes
Receivable. Receivable. Face values.
£LXc
737
The Company has no Note Payable.
During the past year the Company has not borrowed money
or incurred obligations; nor has its credit been used either by
issuing notes, endorsing customers' paper for discount or lending its name in any way. Its established policy of maintaining
sales on a basis of cash, or short credit to desirable customei's,
has been adhered to.
DEBENTURES.
At January 31, 1904, there were outstanding 5 per cent.
$82,000 00
Gold Debenture Bonds of 1892
All these Debentures are on their face exchangeable
are sold.
count™ d'52?opIli^account°s'
unmatured
J
PKOGEESS.
This account does not include outlays for anything
in process of manufacture at the factories, but represents expenditures for labor, material, etc., at cost,
on 794 uncompleted installations of finished apparatus$Azaj,uoi 00
.......
in progress at various places
Less partial payments thereon, received under the 28^,^4b dt)
terms of the contracts as work progressed
Not
yet'
issued.'.".'.'.".'.
Total Capital authorized January 31, 1905
Pursuant to formal Notice to Stockholders of
$2,009,805 25
$48,325,500 00
May
20th, 1904.
ACCRUED INTEREST ON DEBENTURES.
This account, as its name implies, is the full amount of inof the
terest accrued to January 31, 1905, on both classes
Company's Debentures then outstanding.
UNCLAIMED DIVIDENDS.
This account represents the full amount unpaid on all dividends declared and payable to January 31, 1905, inclusive—
the addresses of a few stockholders being unknown.
ACCOUNTS PAYABLE.
•
Balance as per Balance Sheet
^^'^-^ 34
.'.
This account includes all unpaid audited indebtedness.
At the close of business on January 31, 1905, the unpaid
vouchers on nand— none of which was then due under
$8o,l94
the terms of purchase— amounted to
•
65
*In effecting these settlements there were realized $373,682
over last year's book valuation, less $1,389 12 loss in settling some
debts below their appraised value.
Net gain above appraised value, $372,293 53.
None of the profit which may be derived from these installations is included in the profits for the year.
MERCHANDISE INVENTORIES.
—
These accounts represent actual inventories counted and
valued item by item of raw materials and goods manufactured
and in process of manufacture at the factories of shipments in
transit to storerooms of local offices of manufactured goods
storerooms of local offices; materials in local repair shops; of
office furniture and fixtures, machinery, tools, instruments,
—
;
;
in the general
etc.,
and also
A
31
and February
dS
26, 1905,
^
1,603,950 oi
$1,687,144 72
Total as per Balance Sheet
—
unpaid vouchers carried over monthly by
keeping the books, other than the cash book, open a stifficient
time to include each month's obligations in that particular
month has averaged during the year about $1,800,000.
The amoimt
of
—
Respectfully submitted,
HENRY W. DARLING, Treasurer.
EDWARD CLARK, General Auditor.
m
and local offices and in local repair shops,
of all goods on consignment.
considerable quantity of apparatus and supplies is carried
at local offices for the convenience of customers to save time in
delivery from factories and to save freight on individual shipments to customers by having them shipped in carload lots to
etc.,
the date of
closing the general books, additional liabilities belonging to the past year were audited, amounting to
Between January
During the past vear the entire floating indebtedness of the
Stanley Electric Manufacturing Company referred to on page 2d
of the last annual report, has been paid off.
Patterson, Teele and Dennis, Certified Public Accountants, New York, Boston, Baltimore and Columbus, 0.
30 Broad Street, New York, April 26, 1905.
To the Board of Directors of the General Electric Co.
We have examined the accoimt books and vouchers of the
General Electric Comsupplies have been valued at estimated factory cost; inactive General Electric Company, the Edison
Company, for the year
Electric
of
cent,
Thomson-Houston
per
and
the
pany,
or slow selling apparatus and supplies at about 50
verified the consolidated
have
and
supplies
1905,
31st,
January
and
ending
apparatus
and
obsolete
cost;
factory
estimated
Profit and Loss Account and Balance Sheet published herewith.
at scrap value.
all
in
supplies
We find that the Merchandise Inventories are taken accordand
apparatus
The total of inventories of
sound and conservative, that
local offices showed a decrease from book value, which amount ing to a plan which is manifestly
is carefully done throughwork
the
that
evidence
every
there is
has been charged off to Profit and Loss.
out, and that the depreciation and reserves are such as to leave
Office Furniture and Fixtures.
no doubt in our minds that the final Balance Sheet values are
fixtures,
and
safe.
furniture
office
The total appraised value of all
We have examined the reserves for possible losses on Acmachinery, tools, instruments, etc., in the general and local
items
these
All
counts and Notes Receivable, and w^e believe they have been
offices and in local repair shops is $164,120 12.
with the same careful judgment as in former years and
made
dollar.
one
of
book
value
total
are carried at a
local office storerooms.
Active selling finished
and partly finished apparatus and
that they are
Consignments.
Finished apparatus for novel uses has been delivered to
various concerns subject to purchase if its operation is successful. The greater part of consignment account represents such
contingent sales, and the remainder represents apparatus on
exhibition or loaned to regular customers for temporary use
by them.
All such shipments are charged to this account at
$287,612 82
estimated factory cost. Their total is
143,806 41
Less 50 per cent, allowance for depreciation
of apparatus loaned and consigned
as per Balance Sheet
sufficient.
We
Net book value
$143,806 41
have examined all available evidence concerning the
value of Stocks and Bonds owned, and are satisfied that the
valuation in the Balance Sheet is on the whole fair.
The charge against the year's profit for depreciation of
Factory Plants is equal to 23 per cent, of the valuation of
these in the present Balance Sheet, and to 8 per cent, of the
total book cost of the Plants as sho^™ on page 17 of this report.
Every care has been taken to include in the Balance Sheet
the Company.
Patterson, Teele & Dennis,
all ascertainable liabilities of
Certified Public Acccuntanta.
—
—
—
THE CHRONICLE.
1738
CONSOLIDATED BALANCE SHEET OF JANUARY
31, 1905.
CONSOLIDATED TROFIT AND LOSS ACCOUNT OF JAN-
UARY
Cash
$6,529,115 89
Stocks and Bonds
$14,488,269
359,979
Heal Estate (other than factory plants)....
16.747,449
Notes and Accounts Receivable
16
97
39
2,009,805 25
in Progress...
LXXX
[VCL,.
ASSETS.
Work
—
31,
1905.
EXPENSES.
Cost of Sales, etc
$33,528,135 86
Interest on Debentures
Profit for the current year
75,67214
6,719,545 78
$33,605,503 77
Merchandise Inventories:
At Factories
At General and Local
Net amount in revaluing the assets of the Stanley
Electric Manufacturing Company and other ac-
$10,336,737 49
Offices....
1,519,18176
Consignments
143,806 41
11,999,725 66
45,605,229 43
Factory Plants
Patents, Franchises and Good-will
quired interests
Dividends paid in Cash
Surplus at January 31,
year
759,654 05
3,684,384 00
1905,
$2,049,400 00
78,000 00
650 00
1,345,144 72
2,010 79
Surplus
—
:
<fe
Capital stock at last accounts, |20,000.
Standard Motive Power Company, at Canal Dover, Ohio.
—Sold.— At the recent receiver's sale, this company's unfinished buildings were bid in at |11,000 and have since been
purchased by the Bechtold Crucible Steel Co. of Cleveland.
The last-named company has been incorporated with $500,000
capital stock to manufacture crucible tool steel under a new
process invented by Its President and General Manager, W.
fault.
Bechtold.— V. 77, p. 852.
Standard Roller Bearing Co., Philadelphia.— Purc/iased.
-This company has purchased for a sum currently reported
as $250,000 all the miohinery, merchandise and astets of the
Cleveland steel ball plant of the Federal Manufacturing Co.
(controlled by Pope Mfg. Co.), and will move the plant to its
S.
Philadelphia
factory, increasing its capacity to over 50O,000,000 balls per year. The additions to the Standard's plant
during the past year, it is said, have cost over $300,000.
V. 79, p. 806, 2090.
State Telephone Co., New J arsej.— Receivership.— Vice Chancellor Bargen at Trenton, N. J., on April 18, appointed
Edwin Robert Walker of that city as receiver for tbe company on application of J, Pratt Cramer of Atlantic City and
George H. Kinney of Collingawood, N. J., holders, respectively, of $24,000 and $5,000 of the bonds of the company, on
which interest his been in default tor two years past.
The anthorJzftd bond Issue la $1,000,000 (original trustee, Fidelity
TiuBt Co., Newark), but ihe only discoverable assets are an uncompleted telephone ilne from Jersey City to a p^lnt south of Trenton. New Jersey. Charges of fraud are made. The company was Incorporated at Trenton, N. J., on Nov. 15, 1897. with $30,000 authorized capital stock. Q. H. Atkloson of Jersey City signed the bondn as
Treasurer, bat denies any present connection with the cjmpany. Sae
691.
& Electric Light Co.— Mortgage.
mortgage to tbe American Trust &
Stillwater (ttinn.) Was
—This company's
first
a
810,098
281,927 34
Savicgs Batik of Chicago, trustee, seonres $500,000 6 p. c.
gold bonds, of which $400,000 are outstanding, having been
Issued to take up outstanding obligations, to acquire the
entire capital stock of the Apple River Power Co. and to
build a new gas plant at Stillwater by Sept. 1, 1905.
The company la a Minnesota corporation organized In 1890, owning
all the gas and electric light plants at Stillwater, Minn.
Capital
stock aathorlzed and issued $»0,000 (par, $10), a majority of
7,293,688 75
6,719,545 78
1905
$14,013,234 53
342,000 00
48,247,943 33
9,569,196 48
Repnblic Rubber Co., Toungstown, 0. Stock Increase.
This company, which on Dec. 10, 1901, changed its name
from the Mahoning Rubber Co. to the Republic Rubber Co.,
and increased its capital stock from |20O,O0O to $400,000, has
filed a certificate further increasing its capital stock (|400,"No incumbrance of any kind on the
000) to 11,000,000.
property; no bonds; present amount of stock issued is
$342,500; will issue |300,000 more at par for cash."
Rerere (Mass.) Water Co.— Sale of Plant to Town.— See
"Revere," page 1750, State and City Department.
Rotary Ring Spinning Co.— .Be-incorporaMou.—The shareholders voted on April 12 to transfer the domicile of the
company from Delaware to Maine to reduce expenses.—
V. 78, p. 387.
San Fernando Mission Co., Los Angeles, Cal.— Bond Issue.
—Regarding the $400,000 bonds authorizsd on March 23,
Fred. H. Taft says
All bat $10,000 of these bonds were issned for oompletinK payment
upon the 16,000 aorcB of land acquired by purchase from the Porter
Land Water Co. The bonds net 5 p. o. annual Interest, are due In
1916, but are redeemable at par and accrued Interest on call of the
company at any time. The property of the company pledged by trust
deed includes some cf the finest Irrigated orange and lemon lands la
the State, and the whole tract lies within 25 miles of Los Angeles, on
the Ban Francisco lines of the Southern Pacific Railway.— y.80,p.l238.
Stafford Springs (Conn.) Electric Light & Gas Co.— i2eceirer«/iip—Judge Robinson, of the Tolland County Supe
rior Court, has appointed Milton J. Warner of Branford,
Conn., permanent receiver, the bond interest being in de-
«i7, p.
344,38148
and Bonds
Surplus brought over from last year
Profit for the year ending January 31,
E.
&
$61,634,345 32
V. 76, p. 1358; V.
$465,716 73
$40,323,353 78
Deferred Liability on Account or Purchase of Curtis
Turbine Patents, Payable on or before February 1,
24)
$39,231,328 23
Dividends
Profit on Sales of Stocks
$3,475,205- 51
1906
EARNINGS.
Sales
Royalties,
and Interest on
Stocks and Bonds and Sundry Profits....
Interest and Discount
LIABILITIES.
Capital Stock (see page
9,569,196 48
$14,013,234 53
$61,634,345 32
5% Gold Coupon Debentures
Accrued Interest on Debentures
Accounts payable
Unclaimed Dividends
carried forward to next
7,500,000 00
2,000,000 00
9,500,000 00
8%% Gold Coupon Debentures
$40,323,353 78
0. E.
HENRY W. DARLING, Treasurer.
EDWARD CLARK, General Auditor.
which is owned by the Western Gas & Investment Co., 1028 "Tribune" Building, Chicago. The bonds are dated July 1, 1903; denominations various, maturing in series a portion each year. Tt ere are
no underlying liens, the 5 p. o. bonds due 1911 having been paid.
The interest ts payable Jan. 1 and July 1 at office of trustee in Chicago or at First National Bank, New York. Company has SO-year
franchise dating from June 1, 1903, covering both gas and electricity,
and 10-year contract with City datlngjfrom April 1, 1905, fixing rates:
as, for Instance, net rate for Illuminating gas for first Ave years,
$1 52; thereafter, $1 36. President, E. L. Hospes; Secretary, J. O. W.
Johnson: Treasurer. J. H. Brown.
United Gas Improrement Co. Terms of Proposed Extended Lease.— The Finance Committee of the Phiiaclelphia
City Council on Thursday approved an ordinance to extend
the lease of the municipal gas works to the Improvement
Company from Dec. 31, 1927, to Dec. 31, 1980, surrendering
the right to terminate the lease and the claim to any portion
of the gross income (its 10 p. c. in 1904 having amounted to
$650,683) for the following considerations:
$1,000,000 thlrtv days after contract is executed... 1
Total,
$11,000,000 on Dao. 15, 1905
($26,000,000
(3) $6,600,000 on Deo. 15, 1906
(1) $6,500,000 onDec. 15. 1907i
J
(5) Price of gas, now $1 per 1,000 cubic feet, to be reduced to 90 cents
Jan. 1, 1928. for remainder of lease.
(1)
(iZ)
!
The ordinance, favored by the company, is expected to be
adopted in spite of some opposition in the city: See "Philadelphia Ledger" of April 28.
Results in Philadelphia.— See Equitable Illuminating Gas
Light of Philadelphia above.— V. 80, p. 1486, 608.
United States Lithographing Co.— Consolidation.— See
Consolidated Lithograph Co, above.— V. 79, p. 1026,
United States Realty & ImproTement Co.—Important
Agreement with Labor Unions. See editorial, page 1695.
—
V. 80, p. 2063,
United States Steel Corporation.— PMrcTiasc—This company's subsidiary, the H. C. Frlck Coke Co., has purchased the
Hecla Coke Co. of the upper Conneilsville district.
The "Iron Trade Review" says :
The property consists of 1,600 acres of leased coal land owned by
the William Thaw estate, and carries with it the privilege of adding to
this leasehold from year to year, the estate owniog also 4,000 acres ol
land which are entirely undeveloped and in the heart of the Conneilsville region. There are three coke works, having a total of 1,072
ovens, power plants, homes for miners, general supply stores, etc.
The price paid has not been announced, but it is reported close to
$3,000,000. By this purchase the H. C. Frlck Coke Co. owns and controls 75 p. c of the coke production In the upper region and 65 p. o. of
the entire Conneilsville field. The upper region now contains 23,281
ovens, of which the H. C. Frlck Ooke Co. owns outright 16,034.
Earnings.— See statement on page 1725. Judge Gary,
Chairman of the board, Is quoted as saying:
We regard the showing as highly satisfactory. The Steel Corporation did not begin to make big money until the 1st of March. You
can take the March earnings as a barometer of what the earnings In
the current quarter wlUbe. Earnlnjis were kept down somewhat by
the unfavorable weather conditions in the month of February.
The "Iron Age" says: "Practically all the constituent
companies are operating to 95 p. c. of their capacity and upward, and this is typical of nearly all the great outside
works. We are advised that so far as the Steel Corporation
is concerned, the continuance of this condition of affairs for
four months is absolutely assured."— V. 80, p. 1487, 1374.
Waterbnrj (Rope) Co., New Yot)l.— Stock Offered— The
company having sold a large block of its 8 p. c, cumulative
preferred stock is offering the remaining $150,000 thereof at
April, July and
par, $100 a share; dividends payable Jan
Oct,; issue redeemat)le at $125 per share. An advertisement
,
says:
Manufactures manlla and wire rope, lead-covered cables, rubber insulated wires and switchboards for electrical work. Factories In
Brooklyn, N. Y. Aathorlzed capital, $1 ,000,000 common and $500,000
preferred stock. Stock outstanding to date, $1,000,000 com. aud$J50,000 preferred. The $160,000 stock now offered will complete the
Issue, and the proceeds will be used to extend the business and develop
:
Apr.
THE CHRONICLE.
29, 1905.]
a new branch, which will materially Increase the earnings. For the
past seven years the net profits have averaged over $149,000 a year.
Dividends aie being regularly paid on the $1,000,000 common stock.
Preferred stock has preference as to assets as well as to dividends.
No bonded
debt.
Incorporated in New Jersay early in 1903 as Waterbury &
Co.; name subsequently changed as above, Office corner
Pine and South streets, New York, N. Y.— V. 80, p. 1063.
Western Gas &
water Gas
Investment
& Electric Co.
Co.,
Chicago.— See
Still-
above.
Whitaker-Slessner Co.— See Portsmouth Steel Co. above.
—V. 78,p. 1181.
Tonngstown (0.) Iron, Sheet & Tabe Co.— iVeto Bon,dit.—
The iseue of $2,500,000 bonds recently sold is authoritatively
described as follows:
First and coUat. trnstTmort. bonds, denomination $1 ,000 gold, dated
July 1,1905, and due $126,000 yearly, but all subject to call at any
Interest period after July 1, 1910. at 105; Interest rate, 6 per cent
per annum payable Jan. 1 and July 1 at Dollar Savings & Trust
Co., trustee, Youngstown, Ohio. Sinking faad, $125,000 per annum.
The entire authorized amount will be issued forthwith. There are no
The new mortgage covers all the plants and propthe company except personal and small isolated real estate.
underlying bonds.
erty of
President, J. A. Oampbell; Secretary, George E. Day; Treasurer,
Richard Qarlick. OlHce, Youngstown, Ohio.— V. 80, p. 1427, 1239.
739
COMMERCIAL EPITOME
Friday Night, April 28, 1905.
week has been the complete collapse of
the bull deal in wheat for May delivery at the Chicago marThe failure of this speculative movement apparently
ket.
resulted disastrously to certain Western interests and temporary uneasiness was exper ienced. As to the general busi-
The feature
of the
ness situation, encouraging reports as a rule have been received. The Eastertide holiday season is now past and cli-
matic conditions are seasonable, serving to develop the distributing business to its full proportions; in fact, in some
liues, but more particularly dry goods, the feature is therequests from buyers for early deliveries on their contracts.
Reports from the pig iron market note a quieter condition of
business, with consumers asking for delays in shipments.
Crop prospects have been reported as favorable.
Lard on the spot has been dull, and under moderate offerings prices have been easier. The close was flat, with prime
The limited partnership of Boissevain & Co., having by
mntnal consent been dissolved to take effect May 1, 1905. J. Western at 7"40o. and prime City at 6-75c. The demand for
L. Pierson, of Adolph Boissevain &Co., of Amsterdam, Hol- refined lard has been quiet and prices have weakened, folland; A. Murray Young, Henry A. Murray and Andrew J. lowing the decline in the market for the raw product. The
Miller have formed a general partnership under the firm close was at 7 '50a, for refined for the Continent. Speculation
name of Boissevain & Co. to carry on the business of foreign in lard for future delivery has been quiet and under selling
and domes tic banking, dealing in Government and othsr In- by packers and in sympathy with tne break in values for
vestment securities and the purchase and sale on commission grain, prices have declined. The close was quiet and easier,
of stocks and bonds. On May 15 the firm will move to its
DAILY CLOSING PEICES OP LABD FDTURBB IN OHICAOO.
new ofllces in the Blair Building, No. 24 Broad Street. The
Mon.
Tues.
Wed.
Ihurt. Fri.
Sat.
7-07i«
707ia 702ifl
7-15
712»fl 710
firm will be the American correspondent of Adolph Boisse- May deVy
7-32i«
7-35
7-27ia
7-22ia
7
25
725
Jnlydel'y
vain & Co. of Amsterdam, Holland.
7-40
7-40
7'37ia
7-50
Sept. del'y
7-47'a 7*45
—Harvey Fisk & Sons of New York and Boston and the
Pork has had only a small inquiry, the demand being of a
Mercantile Trust Co. of St. Louis invite the attention of in- jobbing character, and prices have weakened to $18 25@
vestors to the St. Louis Transit Co. improvement 20year 13
623^ for msss, $13 25@15 00 for short clear, and $14 50@
5 p. c. gold bonds. The total authorized issue is |10,000,OuO, all 15 00 for family. Cut meats have been quiet but steady,
of which is outstanding. The principal and interest of the closing at 5>^@6o. for pickled shoulders, 93^@10c. for
bonds is guaranteed by the United Railways Co. of St. pickled hams and 73^@8c. for pickled bellies, 14@10 lbs.
Louis, by endorsement on each bond, and guaranty secured average. Beef has been held at higher prices, but business
by mortgage upon all of its property to the Mercantile Trust has been quiet, closing at flO 50@11 00 for mess, $12 00@
Co. of St. Louis. Having sold a large amount of these bonds, 13 CO for packet, |13 C0@14 00 for family and $18 00@20 00
the bankers offer the remaining |1, 009,000 at 97J^ and accrued for extra India mess in tea. Tallow has been easier, with
interest.
Compare V. 80, p. 1480.
limited sales reported at i%<i. Stearinea have been firmly
—Tracy & Go. of Chicago, Milwaukee, St. Louis and New held at unchanged prices, closing at 8@83>^o, for lard stearine
York, announce that Mr. Gordon Bigelow retired from their and 83^c. for oleo stearine. Cotton-seea oil has had a fair
firm on Monday last. In an official statement the company sale to exporters, closing steady at 26M@283^c. for prime
announces that "Mr. Bigelow is not indebted to the firm of yellow. Butter has been in increased supply, and prices
Tracy & Co., nor does the defalcation of Mr. F. G. Bigelow, have been easier, closing at 23@29c. for creamery. Cheese
his father, affect the financial standing of this firm." The has continued in fair demand and steady at 10J^@ 14)^0. for
company will remove its Chicago offices on May 1 to the State factory, full oream. Fresh eggs have b^en slightly
ground floor of the National Bank Building, aa previouely easier, closing at 17^@183. for best Western.
announced.
Brazil grades of coffee have been firmer. An improving
—The summer resort of Datr Park, Md, will open at the trade demand has been experiencsd and with stocks well
hotel on June 24, although the cottage season will begin on concentrated sellers have been holding for a slightly higher
June 15. W. E. Burwell, Superintendent of hotels of the level of values. The closa was firm at 7 13-16c. for Rio No. 7
Baltimore & Ohio RU., will conduct the hotel. The beauty and 8 7-16c. for Santos No. 4. West India growths have hal a
and salubrity of this plateau, located high in the AUeghenies, limited sale and at steady prices, closing at 93-^(391^0. for
and the excellent facilities afforded by the hotel, have made zood Cucuta and 103^@llc. for good average Bogota,
Speculation in the marset for contracts have been fairly
the resort deservedly popular.
—Messrs. Daon & Robinson have removed their New York active. The May liquidatioa has been completed. Small
had a strengthoffices from 25 Broad Street to the new Trinity Building, HI Brazil receipts and firm Brazil markets have
Broadway. The concern also maintains Buffalo and Toronto ening effect upon the situation. The dose was firmer,
The following were the closing asked prices
offices.
Messrs. Arthur Robinson and Frederick H. Douglas,
7-203.
^ 6-900. Nov
6'60o. Aug
of the firm, are members of the New York Stock Exchange. April
May
7*00o. Deo
..^ 6'60o. Sept
7'30c.
Messrs. J. C. Dann and George I. Seney are the resident part- July
7*10c. March........... 7"45o.
6'70o. Oct
ners in Buffalo.
Raw sugars have sold at lower prices and the close was flat
—Mr. J. Stewart Campbell, a former member of Messrs. at 4^8©. for centrifugal, 98-deg. test, and 4c. for muscovado,
Dngan & Campbell, has opened offices in the Broad Ex- 89 deg. test. Refined sugar has been quiet and unchanged at
change Building, 25 Broad Street. He will make a specialty 6 05c. for granulated. Teas have been in moderate demand
of bank and trust stocks, investment bonds and unlisted and steady. Pepper has been more active and firm.
securities.
Mr. Campbell was at one time connected with
Kentucky tobacco has continued to meet with a moderate
Messrs. W. N. Coler & Company.
sale and prices have been firmly maintained.
Seed-leaf to—The firm of Rhoades & Richmond is to be dissolved on bacco has received a moderate amount of attention from
May 1. A new firm will ba formed by John Harsen Rhoades buyers and prices have been firm. Locally, sales have been
and Pennsylvania
Jr., member New York Stock Exchange, of the old firm, and reported of Connecticut Havana seed
I. Richmond Hoxie, under the style of Rhoades & Company,
broad-leaf, and there has been soma buying in the country.
to transact business at the old address, 7 Wall Street, corner Old-crop Sumatra tobacco has continued to meet with a good
—
,
New Street.
—Owing to ill-health,
demand
Mr. Walter Comstock, a prominent
Chicago grain and stock broker, will close hia Board of Trade
offices May 1 and seek recuperation in farm life for a few
months. Mr. Comstook was formerly a member of the firm
of Schwartz, Dupee & Co.
—The firm of T. W. Stephens & Co., 2 Wall Street, New
York, which expires by limitation on May let, has been
renewed for a further term of three years by the same partners— Thos. W. Stephens, Chas. B. Ludwig and Henry G.
Stephens.
—The Stock Exchange firm of J. S. Bache Co. announce
that they will remove their offices on May 1 to No. 42 Broad-
&
way, New York.
—Messrs. Sutro Bros. & Co. now at 25 Bond Street, this
city, will remove on Monday (May 1) to 40, 42 and 44 Pine
,
Street,
at firm prices.
Havana tobacco has been
firmly held
but sales have been limited.
The demand for Straits tin has been limited, and as offerings have increas3d slightly, prices have weakened, closing at
30123^@30'373^c. Ingot copper has been quie% out prices
have been uncaanged and steady at 15@15}^c. for Lake and
Lead has held steady at 4'50@4"60c. Spelter
electrolytic.
has been quiet at 5 90c. Pig iron has been less active and
quotations have been lowered to $16 75@17 25 for No. 2
Northern and $17 00@17 25 for No. 2 Southern.
Refined petrolenm for export has been easier, closing at
Naphtha
6'95c. in bbls., 9 65c, in cases and 4'05c. in bulk.
has been steady at 12c. for 71 degrees and 12o. for 76 degrees.
Credit balances have been easier, closing at l'29c. Spirits
turpentine has been in small supply and prices have advanced
to 61c. for machine bbls. Rosins have been firmer at $8 25
Wool has been in light supfor common and good strained.
ply and firm. Hops have been steadier,
.
COTTON.
Friday Nioht, April 28, 1905.
as Indicated by our telegrame
given below. For the week ending
The Movement op the Chop
from the South to-night Is
evening the total receipts have reached 163,326 bales,
against 161,728 bales last week and 163,544 bales the previous
week, making the total receipts since the 1st of Sept., 1904,
8,377,808 bales, against 6,867,341 bales for the same period of
this
showing an increase since Sep.l,
BeeeipU at—
Sat,
Galveston....
Mon.
I
4,914
Tuet.
I
1804, of 1,510,467 bales.
Hew Orleans...
3,889
MobUe
6,225
9,319
3,629
6,349
9,203
1.188
7,700
1,931
225
699
226
Pensaoola, Ae.
Bavannah
6,248
7,383
9,806
In.
Thurt.
Wea.
Pt.Arthni,&o
6,390
Total.
81,760
13,746
34,900
5,357
6,226
42,154
2,443
13,746
4,216 3,543
5,230
345
969
5,744
6,000
6,583
1,561
Bronsw'k, &e
1,561
114
30
131
99
232
181
787
927
1,243
685
334
899
314
4,402
2,296
1,643
2,912
4,095
2,893
2,298
1,362
16,137
2,154
60
282
450
297
250
211
961
529
187
79
1,268
1,789
1,268
25
174
CTbarleaton
Pt. Royal, &e.
Wilmington
Wa8li'ton,&o.
Norfolk
N'p't News, &e.
New York.
792
.
365
Boston
Baltimore
Phlladelp'a, Ao
Tot
74
50
25
19,770 24,401 33,601 24,925 20,046 40,583 163,326
tkls week.
The following shows the week's total receipts, the total since
Septi
1, 1904,
and the stocks to-night, compared with last year.
1904-05.
Seeeiptt to
April 28
ThU
1903-04.
Since Sep.
week.
1,
1904.
Galveston...
Pt.Ar.,&o,
31,760 2,398.968
13.746 214,769
New Orleans 34,900 2,340,020
MobUe
5,357 280,813
P'saoola, Ac.
6,226 171,809
Bavannah... 42,154 1,517,184
Br'wlok, Ac.
168,599
1,561
Charleston..
787 197,968
897
P. Boyal, &o.
Wilmington.
4,402 316,869
Wasb'n, &o.
122
Norfolk
16.137 603,909
13,561
N'port N.,<bo
2,154
23.990
961
New York...
69,816
Boston
1,739
46,982
Baltimore.
1,268
11.522
174
PMladel,&o.
.
Totals..... 163,3268,377,808
Stock.
Since Sep,
1. 1903.
Thii
week.
1905.
8,771 2,296,399
241
16,866
647
6,479
474
4
3,224
388
2,021
1,096
198
357
1904.
191,352
25,063
203,658
84,881
174,088
85.879
35,570
3,711
11,254
7,007
3,392
9.371
6,219
38,441
6,370
965
206
88,985
3,581
4,080
5,775
97.718
23,600
938
8,5 SO
681,510
886,551
40,766'6,867,341
3,935
In order that a comparison may be made with other years,
the totals at leading ports for six seasons.
at—
1905.
1904.
45,506
34,900
5,857
43,154
9,012
16,866
Ohas'ton, Ac.
787
Wllm'ton, Ac
Norfolk
N. News, Ac,
4,402
16,137
2,154
11,929
474
4
Galves'n, &o.
New
Orleans
Mobile
Savannah
. .
All others...
Tot
this
wk. 163,826
1902.
1903.
27,611
19,207
1,668
6,547
1901.
3,224
47
4,439
16,248
23,934
165
6,990
1,829
2,554
3,105
888
316
97
8,672
6,952
8,230
617
6,479
40,766
412
67,199
1900.
88,318
25,386
473
14,232
1,201
4.822
23,332
1,864
8,519
from—
BxvorUA to—
Great
1
Brtt'n.
^
^*''"
lotal
Great
n«nt.
Week.
Britain.
Orleani.. 21.690
4,714
Mobile
81,463
67,887
•••••
Peniaoola, Ac.
6,000
e.ooo
BaTannab
Broniwlok
1,
Cbarleiton...,
Port Royal...,
WUmlngton..
8,808
8.208
Norfolk.
N'port N.. Ao.,
New York
Boiton
Baltimore
PbUadelpbla..
Han rran..
7.159
7.281
200
6.748
Total. 1003-04.
9,9H0
808
206
7.689
6.948
899
JAVi
Ac
Total
3,631
15.340
15,340
4,811
5,365 10,268 17,400
9,998 40.742 5,647
2,400
1,465
1,939
1,500
stock.
Total.
51,704
94,233
7,542
9,100
21.431
9.600
8,000
Total 1906..
69,765 20,663 56,910 27,047 27,425 201,810
479,700
Total 1904..
40,494
94.144
JToblle
^iorfolk
New
York...,
Other ports
.
s'boo
4^700
s'ooo
6,000
"ec'o
200
900
"hob
21,431
2'9"o'6
i'.i'o'o
2,500
500
69,178
8,516 8,386 7,415
Totall903.. 27,424 is's'so 23,791 17,447 12,102
200
846,057
282,437
Speculation in cotton for future delivery has been fairly
active.
Early in the week prices declined. Reports of offerings of cotton, more particularly the lower grades, by the
South at reduced prices and the continued bull movement of
the crop had a depressing itflaence, inducing more aggressive
operations for the account of bear interests. Reports also
were circulated to the effect that the indications were for
a disappointingly small decrease in the acreage, and they had
considerable inflaence against values. The unsettled state
of the speculative financial market and the depression
in the speculative grain market also had an unfavorable effect. Subsequently, however, there developed a steadier undertone, and today (Friday) prices advanced rather sharply.
Private estimates of the acreage made the decrease larger
than many of the trade had been figuring upon and a prominent interest in the speculative market was reported as baring changed his attitude towards the market, taking the bull
side, Friday was first notice day far the tender of cotton on
May contract. Notices were issued for the delivery of 25,000
but were promptly taken up by a prominent export
Bear interests were reported showicg nervousness
and their efforts to cover contracts and buying by other interests for investment account resulted in a higher market.
The close was steady at a net gain for the day of 20@26
points.
Cotton on the spot has been easier, but closed at an
advance of 15 points at 7*70e. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
c. 1*30 on
Good Middling Tinged .c. Even
0-96 on Strict MiddUng Tinged.... 0-06 off
Middling Fair
0*62 on Middling Tinged
Strict Good Middling
0-12 off
0*44 on Strict Low Mid. Tinged ... 0-34 off
Good Middling
house.
.
Low Middling
Low Middling
0-14 oflF Low Middling Tinged
0"60 off
0-38 off Strict Good Ord. Tinged .. 084 ofl
Strict Good Ordinary
072 off Middling Stained
0-50 ofl
1-00 off Strict Low Mid. Stained... 106 oft
Good Ordinary
Btrlot Good Mid. Tinged.. 0-30 on Low Middling Stained
1-50 ofl
On this basis the official prices for a few of the grades for
Btrlot
the past
France
49,140
week— April
Apr.
Continent.
22 to April
UPLANDS.
Sat.
Good Ordinary...^
Middling
6-75
7-37
^,..
."
776
819
Pi
&ood Mfddling
„
Middling Fair
8-71
.,
GULF.
700
762
800
o
Middling".
8-44
8*96
Middling Pair
29.
1906
Total.
568,218 1,866 010
97,469
168,764
782,430 1,999,738
63,488
135,248
60,80h
161,383
774,8:6 1.081.461
6,946
135,099
74,617
77,006
3.86Z
169.046
7,901
801.499
21,617
18,895
263,860
100
81.798
1,712
15.707
136,381
87,680
38.631
4,124
183.672
13,766
88,634
8,921
211.750
487,780
160.147
125,483
40,458
211.760
61,848 103.816 8,803.066 897.270 3.038,653 6.034.889
41.679!
SO.lBa' 77,8»8 2.a9.').212 674 .362 2,671,396 6,648,760
6-55
7-17
804
7-99
6-65
7-17
7-55
7-99
8-56
851
8 51
8*14
8-66
"WeA
Tta.
Frl.
6-80
7-42
6-80
780
7-80
8-24
8-76
6-95
7*57
7-96
8-39
6-85
7-47
7-85
8-2»
8-81
Sat.
Low Middling.....
Middling
Holi-
Strict
day.
Good Middling Tinged
6'25
7-25
7-41
7-75
766
742
8'24
8-76
nion Tnes
STAINED.
Low Middling Tinged,..
6'60
7-22
7-80
Mon Tues
Sat.
(stood Ordinary.................
Low
28— would be as follows.
Mon Tnes Wed TH. FrJ.
^~....
M1<1i11lTig_
42,609
84.9lO( 17.05?
4,187
17,216
35,907
3,642
Other Ooastmany. For'gn wite.
6er-
151,954
97,119
78,337
11.054
35,781
17,01O
79,385
19,060
Middling
18,616
188.788
Orleans.
GalvoBton
Savannah.. ..
Oharleston...
»ood BUddling
1904. to
899,611 817,697
4t3.001 33.769
81,428 19,68e
287,435
128.153
8.879
••••••
New
••"""
88,666
Oalretton
27.981 18,143 11,900 62.024 1,074.047 833,745
PUArthnr. &o.
66,285
New
Leaving
Great
Britain Fr'nee
2,777
Exported to—
Oonti-
ON SHIFBOABD, NOT CLEARED FOB—
Apr. 28 at—
4,393
for the week ending this evening reach a total
of 163,815 bales, of which 84,910 were to Great Britain, 17,067
to France and 61,843 to the rest of the Continent, Below
are the exports for the week and since Sept. 1. 1904.
JiiDporti
&
679
The exports
Sept.
We
935
449
13,979
58,142
trom
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.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert
Barrows. Produce Exchange Building.
Low
Since Bept 1 8377,808 6867,341 7304.889 7131,442 6850,519 6235,684
Week BniUnt Apr. 28 .1900.
[YOL. LXXX,
bales,
100.045
1,889,789
191,948
130,516
1,105,300
120,760
153,686
1,278
320,940
386
456,474
18,630
15.003
26,752
26,104
13,376
we give below
Beeeiptt
,,
THE CHRONICLE.
1740
1903-4,
.
.
..
Wed
710
606
706
7-26
7-60
7-21
7-66
6-10
6-70
7*32
770
891
TM. Frl.
606
7-06
7-21
7 65
6-20
7-20
7-36
7-70
The quotations for middling upland at New York on
April 28 for each of the past 32 years have been as follows.
1905. ...0. 7-70
13-85
10-75
1897. ...0. 71I16
1889... .0.11
1881...,o.l0%
1113,8
913,8 1880
1888
IOII16 1879
11»8
1887
914
1878
10%
1886
11
1877
1885
10%
1278
1876
1884
ll'a
8''8
1875
1883
106,8
16k
I214
1874
1882
12
17%
MARKET AND SALES.
The total sales of cotton on tne spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
1904
1903
1902
1901
1900
1899
1898
1896
1895
1894
9''e
888
1893
9l3i8 1892
1891
e'Ha
6E>i8
1890
Spot Market
Globed.
8»8
615i8
77ia
71*16
7>4
Fdtdres
Market
Closed.
<fc
Oontkaot.
Ex-
Oon-
Con-
port.
tump.
tract.
Total.
,HoU day.
riaturday
Mourtay..
Qa)et,6pt8. do.. Steady
Tnesday
Cinlet,i5 ptB. do, steady
(julet,6pts. do.. Steady
Wednesday
Sales or Spot
,
78
73
78
73
Bteady
rhnraday.. Qalet
Qolet.lSpts.ad Steady
frl day
Total
_
'
Apr.
.
d
'
'
THE CHRONICLE.
29, 1905.]
1741
At the Interior Towns
movement— that
the
Is the
the
shipments
for
the
receipts for
1,
week and the stocks to-night, and the same items for the
corresponding period of 1903-04—is set out in detail below.
the week and
PJWOQ
since Sept.
assgffg,- go
® 89 W
5
g«< » 00
i*»2£'
CO
cc
p
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<"sS-''
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00 00
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id
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lato
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to
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If
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to
to
coMcoMeneocOMQowen-jtotococoo
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to:
00
:
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.
Si
M
d
M
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tOtOMM
•i;».MM
ototoif
'
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00
;
to
toooeoootocoif encnMcoif eotOMMMCOMOo-3' -30Cnif-3
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M
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f
to
>-•
<)Vi"ol-'tow*towV««OMw'»Voo«otoao wVi'tf olotowbaoioo
it
enoeoififoentOMOooif»300Dtot«03C>)0-JO<Jto<iMCDi»if-3ooaobo
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-sen
1902.
1903.
726,000 1,068,000
stock at Ijlveip001....,„l>ftliei!..
fip^nb At. T.nnAnn ,„..
7,000
8,000
..-.,..62,000
Stock at Uanohester. ...^ .m». .~ 51,000
Total Oreat Britain stock
882,000
795,000 1,070,000
12,000
14,000
10.000
Stock at ii&mn\ug.,„....,^.^.
Stock at Bremen .....
339.000 320,000 345,000 204,000
d,000
4,000
1.000
4,000
Stock at Antweip ...
Stock at Hayro..... ..
146,000 202.000 213,000 196,000
2,000
Stock at esaraelllea.
3,000
3,000
3,000
Stock at Barcelona.....
53,000
29,000
21,000
42,000
Stock at Genoa....
38,000
21,000
38,000
50,000
...„..>.
Stock at T i5«8t« . .—.». ...... ......
4,000
9,000
4,000
5 ,000
Total Continental etockB.. 582,000 589,000 666,000
515,000
Total Enropean stocks.
1,464,000 1,246,000 1,461,000 1,585,000
India cotton afloat for Barope
80,000 195.000 194,000 121,000
mer. cotton afloatf or B'rope. 378,000 147,000 200,000 250,000
Egypt, Brazll,<lie.,aflt.Zor£^pe
30,000
51.000
28,000
27.000
Stockin Alexandria, Egypt... 202.000 199,000
83,000 157,000
Stock in Bombay. India.. .....I. 798,000 423,000 723,000 591,000
Stock In United States porta.. 681,510 886,551 376,581 576,281
Stock in a. 8. interior towna.. 489,863 214,639 170,045 276,628
6.082
United States «xportato-a»y..
43,943
53,435
430
Total visible supply.. ......4,160,316 2,891,625 3,259,656 8,592,991
Of the aboye, totals ol American and otber aeacrlptions are as loilowa:
If
to
en
enMOMaocoooto-3Mto MMtoto;
OMao-3if -300-30ientocoMeoM wtoj
cn
OMi MOQDOMMCooif oo-3Menco-3enenoif to•
;
472,6bo
260,000
678,381
276,628
UnltedStatealnterior atocks. 489,863
6,082
43,943
UBltad Statee azports to-day.
Total American............ 2,917,316 1,852,625 2,054,066 2.518,991
Matt Indian, Bratil, #!«.—
129.000
85,000
83,000 113,000
Idyerpool stock...... .... ,.„^,
8,000
7,000
IiondOB stock. ....... ............
12,000
10,000
12.000
BCanohester stock...
11,000
10,000
43,000
50,000
Continental stocks.... .......
61,000
35,000
India afloat for Europe . ......
194,000 121,000
80,000 195,000
80,000
27,000
51,000
Mgjvt, Braiil, Ac, afloat
28,000
Btook In Alexandria, Egypt.
83,000 157,000
202,000 199,000
took Bombay, India........ 793,000 423,000 723,000 591,000
Total East India, Ac. ...^ 1.243,000 1,039,000 1.206,000 1,079,000
Total American...
2,917.316 1,852,625 2,054,056 2,513,991
3,592,991
Total Visible supply
4,160,316 2,891,626 3,259,056
'
"
S^d.
5-66d.
Middling Upland, IJven>oo2.
7-72d.
4'i6d.
9ilie0,
10-75o.
iddling Upland, Revr York..
18-76C.
7-70e.
e^sl.
9\a,
Egypt Good Broim,Liyerpoo/
9d.
7'4d.
7d
8-40d.
Peru V. Bough Gocd,Liverpoo! lOOOd.
10'50d.
m
N'
eo
coifM
mcoo
to
M cn t00Dcn-3OO-3Men *. MCOtOlf en If to If
<]tocoMcoaotOMMOcnoDcnooi-'ifaQOifi:nooeo-30i-'enifencoifo
oenifoococococoM»3CDO<ioowcnooooifeno3ioo-3wenM-3ciocoMif CO*
The above totals show that the interior stocks have de'
creased during the week 33,815 bales, and are to-night 275,234
bales v%ore than same period last year. The receipts at all the
towns have been 77,578 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Apr. 28 and since Sept. 1 in the last two years are as follows.
We
1903-04.
1904-05.
April 28.
Week.
Shipped—
Via St. Lonls.
13,442
5,493
Via Cairo
Via Rook Island............
Via Louisville
V1ar!1nn1iiTia«
646
2,554
749
„.„
Via other routes, &c....
5,987
Total ^08s overland.
Deduct shipments
Overland to N. Y., Boston,
—
...
&o„
Between interior towns.
Inland, <Scc., from South
Total to be deducted......
....
Since
Week.
Sept. 1.
2,081
514,292
294,777
46,856
83,029
49,070
269,931
913
"326
41
2,488
Since
Sept. 1.
487,296
243,210
13,513
113,861
30,932
192,342
5,843 1,081,154
28,871 1,257,955
1,091
152,310
19,937
44,583
2,095
81,240
29,714
83,527
6,107
216,880
6,767
194,481
22,764 1,041,075
76
886,673
4,142
874
Leaving total net overland'..
933,000
co;
en!
if>
OlfMCOOCOtDWOCCOMi-'COCOCOOOMMOOO>lf02Kl<l*-COCHM-3<)0 toW
Ainsntan—
611,000
50.000
616,000
200.000
876.581
170,045
430
^
cnMe;iif
50
1
Si
to
If
<jKkM-jeo>-'MtOMMMCom-3cno-3U'ifco ifcmfcocD-jtoooooOM
-3COt*-3-30ootoooico 000 CO o ^p;^ 1^ op enp if Mpp « w »p w »
1904.
590.000
10,000
57,000
657,000
13.000
477,000
46.000
528,000
147,000
386,551
214,639
53.435
to
-jcoooo-scncntsoeoif to
COCOlfCOMO-3t5ffllfCOO<liftOeniflfO:ifMI-'OM<0-aoi0050D<l«300
ocnenOifen-300i-3coco-3ifMcocio©cocDon-3-30tn-3eo~3encocoifO
to If
Visible Supply op Cotton to-night, as made up by
cable and telegraph, Is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Apr. 38), we add the item of exports from the United States,
including in it the exports of Friday only,
Liyerpoolfllook......... baits. 786,000
Maneheater atook......^ ......
41.000
Continental atooka. .._.«««,, 547.000
Amerlean afloat tor Sarope... 378,000
United Statea atook. ..... ....... 681,510
CO
ooVooi
to to
en
o
The
1905.
819,000
12,000
(OCOM
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3,672
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 33,764 bales, against 76 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 154,403 bales.
*
Including
1904-05.
1903-04.
In Sight and Spinnert'
Takings.
Week.
Since
Week.
Sept. 1.
163,326 8,377,808
Receipts at ports to Apr. 28
....
22,764 1,041,075
Net overland to Apr. 28.
Southern conanniption Apr. 28.. 44,000 1,448,000
Total marketed................ 230,090
.. .... *33,815
Interior stocks in excess
40,766 6,867,341
76 886.673
42,000 1,419.000
10866383
428,203
Since
Sept. 1.
*
82.842 9,173,014
10,936 203,037
.
""
Broach rine, Liverpool.......
^'sd.
4ifld.
fi^sad.
O-^ed.
4iBi8d.
ZinneveUy Good, Liverpool..
Biisd.
6%d.
48ied.
IH9" Continental Imports past week have Deen 139,000 bales.
The above figures for 1905 show a decrease from last week
of 8,957 bales, a gain of 1,268,691 bales over 1904, an excess of
901,260 bales over 1903 and a gain of 587,335 bales over 1902.
Came Into sight during week. 196,275
11295086
Total in sight Apr. 28
North, spinners' tak'gs to Apr. 28
40,442 1,890,798
Decrease during week.
Movement into sight in previous years.
Week—
1903-May 1
1902-May 2
1901-May 3
1900- May 4
„
71,906
9,376,05i
371 1,990,046
1—
Bales.
Since Sept.
103,568
73,981
107,013
59,372
1902-03-May
1901-02— May
1900-01— May
1899-00— May
Bales.
9,895,994
2
9,615,468
3
9,386,698
4....„.. 8,452,905
1........
..
•
THE CHRONICLE.
1742
Quotations for Middung Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MIDDLINO COTTON
Week ending
ApHl
28.
Sat'day.
ON—
Monday. Tuesday, Wed'day. Thurtd'y Friday.
736
738
73,6
7ie
73ia
7ie
7ie
738
73ie
718
7l8
7
7
7ie
714
7ifl
7ifl
738
738
7'38
7-80
7-62
7'75
7-62
765
Houston
8 00
7ot«
71a
7»«
738
Little Rook..
7
Oalveston...
New Orleans
MobUe
......
738
73l6
7H
Savannah...
Charleston
Wilmington.
Norfolk
Boston
o
(—
Baltimore...
^
PhUadelph'a
Augusta.
Memphis
St.
738
78i6
76i!
Louis
77l6
75i6
7ifl
760
7-5.5
7-55
7-62
7-80
7-50
7-80
762
75i8
738
7lg
738
7>4
738
77i6
75,a
738
77,6
7I4
71a
7
7
7
7
7H
The
closing quotations to-day (Friday)
Southern markets were as follows.
714
789
Atlanta
Louisville
Columbus, Ga.. 6 ''8
Montgomery .
7 le
Nashville
714
Columbus, Mlsa 6%
.
7 95
7ifl
77,6
77l6
at other important
Natchez
7
Raleigh
Shreveport
714
7I18
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'day,
Monday, Tuesday, Wed' day, Thursd'y Friday,
Apr, 22
Apr. 24.
MatRange
Apr. 25.
705--12
708--09
..
Closing..
6-94--09
6-96--97
Apr. 26.
Apr. 27.
6-91--05
Apr. 28.
6-97-10 713--27
702-03 703-01
7-25--26
7-14--28
7-26--27
JPLT—
Range..
7'08-14 6 96--11
6-93-06
6-99--11
Closing..
7-11--12
6 97--98
7-04--05
705-06
7-00--O9
702--06 704--06
August—
Range
.
Closing.
Octob'kRange ..
-
W
©
--16
714-16 7-C0-02 7
718- 23 707--20 7
s>
Closing..
Dec'bek—
Range ..
7- -09
08--16
7-20- 21
7-08-09 7-16--17
7-24--29
7 13--25
709-23
7-26-26 7-13-14 7-22-23
Closing..
703-08
719--32
7-30--32
711--23 7-26-40
7-15-16 7-39--40
7-20--28
7-21--22
7-31--46
7-46--48
Tone—
Spot
Options.
Easy.
Steady.
Steady.
B'rly 8t'y
Steady.
Steady.
Firm.
Steady.
Weather Reports by Telegraph.— Oar
Firm.
Steady.
telegraphic admain of a less
favorable character. Rain has been general over the belt,
with the precipitation rather heavy in portions of the Sauthwest. As a result of the wet weather farm operations are
claimed to have been much interfered with in Texas, Louisiana, Mississippi, Arkansas and Tennessee. Conditions have
been more satisfactory in Alabama and along the Atlantic.
Oalveston, Tfoias.— Reports from East Texas show backwardness of farm preparations the greatest in years. Excessive rains over the State have retarded growing crops seriously and delayedlthe completion"of operations. The cotton
crop is late generally, There has been rain on three days the
past week, the rainfall being one inch and seventy-five hundredths. The thermometer has averaged 71, ranging from
61 to 8a.
Abilene, Texas.
We have had rain on three days during
the week, to the extent of one inch and eighty huudredths.
The thermometer has ranged from 42 to 86, averaging 64.
Brenham, Texas.— Thare has been rain on two days of the
week, the precipitation reaching four inches and fifty hundredths. Average thermometer 65, highest 84 and lowest 56.
Corpus Christi, Texas.—
have had rain on two days
during the week, the precipitation being sixty-sight hundredths of an inch. The theimomater has averaged 72, the
highest being 80 and the lowest 64.
Cuero, Texas. There has been excessive rain on three days
of the week, the precipitation reaching five inches and eightyseven hundredths. Average thermometer 74, highest 87 and
lowest 59.
Fort Worth, Texas.—
have had heavy rain on one day
during the week, the rainfall being two inches and seventytwo hundredths. The thermometer has averaged 65, the
highest being 86 and the lowest 44.
Dallas, Texas.— The week's rainfall has been two inches
and fifty-three hundredths, on two days. The thermometer
has averaged 65, ranging from 45 to 85.
Henrietta, Texas.— We have had rain during the week to
the extent of one Inch and seventeen hundredths', on two
daye; the thermometer has ranged from 48 to 88, averaging 66.
Huntsville, Tcxae.— There has teen heavy raiaon two days
of the week, the precipitation reaching three inches and
twelve hundredtbe.
Average thermometer 73, highest 83
and lowest 58.
Kerrville, Texas,—
have had heavy rain on four days
during the week, the rainfall being three inches and fortyeight hundredths. The thermometer has averaged 68, the
highest being 85 and the lowest 50.
NagcdocJies, Texas. The week's precipitation has been one
inch and fifty-two hundredths on one day. Average thermometer 70, high( st 86 and lowest 64.
Lampasas, Texas.— The week's rainfall hasbeen two inches
and thirty-nine hundredths, on one day. The thermometer
has averaged 70, ranging from 53 to 87.
Longview, Texas.— R^in has fallen one day of the week, to
the extent of one Inch and sixty three hundredths. The
vices
from the South
this evening are in the
—
We
—
We
We
—
thermometer has ranged from
51 to 75, averaging 63.
[Vol lxxx,
Palestine, Texas.— Riin has fallen on two days during the
week, the rainfall being two inches and forty-four hundredths. Average thermometer 71, highest 84 and lowest 53.
Paris, Texas.-There has been rain on three days of the
week, the rainfall reaching sixty- four hundredths of an inch.
The thermometer has averaged 65, the highest being 85 and
the lowest 40.
San Antonio, Texas.— There has been rain on two days the
past week, the rainfall being two inches and eighteen hundredths. The thermomettr has averaged 70, ranging from
(56
to 84.
Weatherford, Texas.-It has rained on three days during
the week, the rainfall reaching one inch and sixty- four bundredthp. The thermometer has ranged from 45 to 89, averaging 67.
New Orleans, Louisiana,— lb has rained oq one day of the
week, the precipitation being two inches and twenty-seven
hundredths,
Average thermometer 74.
Shreveport, Louisiana.— We have had rain on two days
during the week, the precipitation being one inch and
twenty-seven hundredths. The thermometer has averaged
73, the highest being 87 and the lowest 55.
Leland, Mississippi. — Rain has fallen during the week to
the extent of three inches and seventy-two hundredths. The
thermometer has ranged from 49 to 77, averaging 65 9.
Vichsburg, Mississippi.— Rskiu has fallen on three days during the week to the extent of three inches and forty- three
hundredths. Average thermometer 70, highest 84 and lowest 54.
—
Meridian, Mississippi. It has rained heavily on two days
Woik has been delayed and cups are late,
Helena, Arkansis,— Wet weather has interfered with farming operations. Some land has not yet been plowed and not
much planting has been done. The week's rainfall has been
one inch and seventy-nine hundredths, on three days. The
thermometer has averaged 66-5, ranging from 53 to 83.
Little Rock, Arkavisaa,
But little cotton hag been planted,
the ground being too wet to permit of it. Rain has fallen
on three days of the week, to' the extent of two inches and
sixty-four hundredths. The thermometer has ranged from
48 to 88, averaging 66.
Memphis, Tennessee.— Wet weather has interfered with farm
work. Rain has fallen on four days during the week, the
rainfall fceing one inch and fifty-eight hundredths,
Now
threatening. Average thermometer, 65 4, highest 81'9 and
lowest 48 '7.
Mobile, Alabama.— Bdne&ciaX rains have fallen in the interior during the week.
Cotton planting Is about completed
in moat sections and chopping of early cotton makfs good
progress. There has been rain here on three days the past
week, the rainfall being thirty-four hundredths of an inch.
The thermometer has averaged 73, ranging from 59 to 89.
Montgomery, Alabama.— Crops are doing well. Tired
holders have been free sellers of late. We have had rain
during the week to the extent of thirty-eight hundredths cf
an inch, on two days. The thermometer has ranged from 54
to 86, averaging 70.
Augusta, Georgia.— We have had rain on four days of the
week, the rainfall being one inch and fifty- nine hundredths.
The thermometer has averaged 68, ranging from 54 to 85.
Savannah, Oeorgia,— It has rained on three days durirg
the week, the rainfall reaching twenty-nine hundredths
The thermometer has ranged from 58 to 83,
of an inch.
averaging 69.
Smyrna, Oeorgia.— RA\n has fallen on two days during the
week, to the extent of thirty- seven hundredths of an inch.
Average thermometer 65, highest 79 and lowest 49.
Greenwood, South Carolina.— The week's rainfall has been
ninety- two hundredths of an inch, on three days. The thermometer has averaged 68, ranging from 58 to 77.
Stateburg, South CaroZi«a.— Planting operations were not
materially interrupted by the wet weather. Rain has fallen
on two days of the week," to the extent of one Inch and sixtytwo hundredths. Rain, followed by high drying wind, but
not cold. The thermometer has ranged from 47 to 84, averaging 67,
Charleston, South Carolina,— We have had rain on three
days during the week, the rainfall being nineteen hundredths
of an inch. The thermometer has averaged 63, the highest
being 83 and the lowest 66.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 a. m. April 28. 1905, and April 29, 1904.
of the week,
—
April 28, '05. April 29, '04
Feet.
New
Orleans
Memphis
Nashville
Shreveport
Vlcksburg
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Feet.
12-5
17-5
140
271
9-6
8-0
18-6
27-4
101
460
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops In the Southern States for the week ending April 21, summarizing them as follows:
Cotton planting has been active, under favorable condlttonc, over
moet of the cotton belt, but was delayed by rains In Oklahoma and
Indian torrltorlep, Aikaneas and North t^rn Texas. The frost of the
17th klll«rt much cotton In portions of Alabama, Georgia and the Oarollnas. Chopping has begun In Sjuthern Texas and portions of the
eastern districts, aud cultivation In Southern Georgia.
.
Apr.
29, 1905.
THE CHRONICLE.
|
Movement prom all Ports. — The
India Cotton
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending April 27 and for the season from Sept. 1
to April 27 for three years have been as follows.
1903-04.
1904-05.
lUeeipta
at—
Week.
Bombay
Since
Since
Week.
Sept. 1.
1902-03.
year for comparison.
1905.
Sept. 1.
8^
from—
Qreat
Britain.
Continent.
Britain.
Bombay—
2,000
1904-05..
1903-04..
1902-03,.
f.oo'o
d.
Continent.
etreat
Total.
Total.
17,000
11,000
51,000
19,000
11,000
58,000
16,000
79,000
675,000
239,000
675,000
587,000
255,000
754,000
653,000
2,000
2',boo
1,0C0
3,000
4,000
17.000
24.000
24,000
18,000
27,000
28,000
12,000
26,000
10,000
14,000
34,000
15,000
Madrasi",ooo
i',oo6
2,bo6
2,000
8,000
5,000
1904-05..
1903-04..
1902-03..
i'obo
1,000
7,000
3,000
8,000
7,000
4,000
9,000
7,000
6,000
14,000
99,000
101,000
85,000
106,000
107,000
99,000
Total all1904-05..
1903-04..
1902-03..
2,000
1,000
9.000
24,000
16,000
60,000
26,000
17,000
69,000
26,000
96,000
89,000
367.000
826.000
708,000
393,000
922,000
795.000
1904 05..
1903-04..
1902-03..
All others—
Alexandria Receipts
7Hi
" 31
Apr. 7
Calcutta—
1904-05..
1903-04..
1902-03..
Mh24
7ifi
7ifl
8.
d.
4
1
d.
•8)838
©SSs
©SSs
14 77,8 ©85,e
" 21 738 ®8k
" 28 738 ®8i4
•'
New England
Cott'n
B.
d.
tngs,
Twist.
Uplds
d.
«6 lHa 4-28
®6 llifl 4-28
«6 11»« 4-27
36 11i« 424
4-17
«6 11^ 4-16
8\lbs. 8hirt-\ Cott'n
comm^nl Mid.
to finest.
Uplds
32» Cop.
common Mid.
to finest.
1.
Exports
1904.
lbs. Snirl-
32s Cop. ings,
Twist.
Since September
For the Week.
We
74,000 1,936,000
70,000 1,666,000
92,000 1,973,000
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market is steady
fcr yarns and firm for shirtings. Spioners are considered to
give the prices for to-day
be well under contract.
below and leave those for previous weeks of this and last
Since
Week.
Sept. 1.
1T43
d.
d.
8.
d.
s.
6 ©9
8 ®9
7ifl®9
6 «»9
10»fi®lll8 6
lO's® 1138 6
lO'e^* 1138 6
1058'* 11^ 6
lOifitnilTe 6
lOifltjiiiie 6
-99
6
6
©9
d.
7-73
8
828
9
8-28
8-14
7-90
7-72
7^
8
8
Cotton Mill Situation.— Reports from
Fall River indicate that the strikes against the Improved
looms is gradually declining. In the Davol and Granite mills
where the strike was principally operative, almost all the
looms are now in oparation and in other mills where the tenloom system was abandoned the weavers are asking for the
additional looms with long bobbins again, and the equipment
of the mills with long bobbins is being continued.
Shippinq News.— As shown on a previous page, tbe
exports of cotton from the United States the past week have
reached 163,815 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
To Liverpool, per steamer Armenian, 3,236
AND Shipments op Cotton.— RbwToYork—
Manchester, per steamer Titian, 1,811 upland and
Total bales
3,236
94
Sea Island
Alexandria, Sgypt,
April 26.
1903-04.
1904-05.
1902-03.
d.
6
1,905
2,018
To Hall, per steamer Toronto, 2.018
To Havre, per steamers La Bretagne, 100
L3k
Qascogne,
1
Receipts loantars*)—
This week
Since Sept. 1
Liverpool....
Manchester
Continent
America
,
.,..
Total exports
*
20,000
6,386,648
15,000
5,731.184
1.
Since
This
week. Sept. 1.
ThU Since
week. Sept. 1.
2.500 187,542
3 000 130.613
4,750 252,767
800 61,228
3,000 201,337
4,600 I22,ft59
1,750 281,581
500 45,203
555 190,285
137,348
2",655 270,952
137 76.272
11,050 632,150
9,750 650,680
3,347 674,857
This
week.
Exports (bales)-
To
To
To
To
85,000
5,925,176
—
Since
Sept.
A oantar Is 98 lbs.
European Cotton Consumption to April 1.— By cable
we have Mr. Ellison's cotton figures brought down to
to-day
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:
Cet. 1 to
Apr.
Great Britain
1.
Continent.
Total.
For 1904-05.
Takings by spinners... bales
2,071,000
3,101,000
5,172,000
511
500-8
Average weight of bales.lbs
494
Takings in pounds...
1,058,281,000 1,531,894,000 2.590,175.000
For 1903-04.
Takings by spinners... bales
Average weight of bale8.1b8
Takings In pounds
1,737,000
507
3,341.000
4,978,000
490-1
481
880.7'^9.000 1.558.921.000 2.439.680.000
According to the above, the average weight of the deliveries
in Great Britain is 511 pounds per bale this season, against
607 pounds during the same time last season. The Continental
deliveries average i9t pounds, against 481 pounds last year,
and for the whole of Europe the deliveries average 500 "8
pounds per bale, against 190 1 pounds last season,
Our
dispatch also gives the full movement for this year and Inst
year in bales of 500 pounds.
100
To Bremen, per
200
steimers Brandenburg, 740
Apr.
Bales of 500
Itts.
1904-05.
1.
eath.
000« omitted.
Great
Conti-
.'
16,331
3,859
3,859
London-April 22— Steamer Colonlan, 1,500
,
1.500
4,711
Havre- April 25— Steamer Oroushsgen. 4.714
Bremen— April 27 -Steamers Atcaba, 2,931; Irishman,
20,0OD
22,931
To Hamburg -April 25 -Steamer West Point, 1,891
1,891
April
To Rotterdam— April 25 Steamer Duuster, 300
27-8teamer8 Akaba. 351; Hazelmoor. 582
1,233
April
To Antwerp - April 22-Steamer Colonlan, 1,757
24-8teamer Horace, 3,301
5,058
350
To Mexico -April 22-Steamer Norheim, 350
aALVEBTOM— To Llverp30l -April 26-Sceamer Matador, 6.328
April 27— Steamer Lonlelanian, 5.112
11,440
To Manchester- April 20— 8tr. Pilar di Larrlnaga, 14,491
....April 27— Steamer Matador, 2i 0..
14.691
To Belfast - April 21—Steamer Malln Haad. 1.8.50
1.850
To Havre-April 27— Steamer Minomoy. 12.093
12,093
To Dunkirk April 27— Steamer Monomoy, 50
50
To Hamburg -April 25 Steamer inchmaree, 2,306
2,306
...
To Genoa-April 23 -Steamer Monviao, 9,594
9,594
Pensaoola— To Liverpool— April 28— Steamer Gracia, 6,000.. 6,000
Wilmington— To Liverpool-April 22-8CeainAr Bona, 8.208... 8,208
Bj8TO»-To Liverpool April 21 - Steamer Bohemian, 1,276...
April 24— Steamer Saxonia. 5.966
7,231
398
To Genoa April 22 -Steamer Romanic. 308
Baltimobb—To Liverpool— April 2o-8i;r. Rowanmore, 6,742.. 6,742
206
To Bremen— April 18— Steamer Chemnitz 206
899
Philadelphia -To Liverpool— Aor. 20— Str. Westernland. 899
8am Fbancisoo—To Japan— April 22 Steamer Adato, 8,247.. 8,247
Seattle -To Japan— April 24— Steamer Forerlo, 100
100
tAOOMA-To Japan— April 2 4— Steamer Foreric, 1.6iSt)
April 25— Steamer Ping Suey. 4,li7
5,743
To Ohina-April 2^-Steamer Ping Saey, 260
250
Portland, Orb.— ToJapan— April 20-8t.r Aragonla, 1,000... 1,000
16.331
To
To
To
To
Belfast— April 26 -Steamer
MaUn Head,
163,815
Total
LiYBBFOOL,— By cable from Liverpool we have the f oUowicg
statement of the week's sales, stocks, &c,, at that port.
Apr. 14
Britatr,
nent.
Bplnners' stock Oct. 1
57,
Takings to Apill 1.... 2,117,
Supply
2,174,
C)onBumpt'n,26 weeke 1,768
Spinners' stock Apr.
1
406,
315
1903-04.
Total.
Great
BHtair,
Conti-
Sales of theweeb......bale8.
Of 'Which exporters took. ..
lolai
nent.
446
3,064,
372,
5.181.
1,762
3,118,
4,880.
3,379,
2,574,
5,553,
4,342,
1,802,
1.502,
3,564
5,366
2,674,
4,076,
805,
1,211,
300.
990
40.
486,
1,290,
Wukly Oonsumptitm
OOOf omitted.
In October
In November. .....
In December
In January .....
In February
In March
66,
66,
66,
70,
70,
70,
99,
99,
99,
99,
99,
99,
165,
165,
165,
169,
169,
169,
50,
63,
63,
60,
55,
55,
99,
99,
99,
99,
99,
99.
149,
162,
162,
159,
154,
154,
Oar cable
states that Mr. Ellison has revised his estimated
\?eekly rate of consumption on the Continent for the current
seaeon, reducing it to 99,CO0 bales, instead of 100,000 bales.
The foregoing shows
that the weekly consumption is now
169,000 bales of 500 pounds each, against 154,0C0 bales of
like weights at the corresponding time last year.
The total
spinnsrs' stocks in Great Britain and on the Continent have
Increased 62,000 bales daring the month and are now
79,000 bales less than at the same date last season,
840
995
516
2f0
(adcllilonal).lOO
To Naples, per steamer Neckar, 995
To Japan, per steamer Teddo, 546
To China, per steamer Yeddo, 250
Hew Orleans—To Liverpool -April 22— Steamer Atlantlan,
Apr. 7
Cet. 1 to
Rlieia,
Of which speculators took.
lales American
tkCtual export
Forwarded
Total stock- Estimated
Of which American-Est'd.
Total import of the week.....
Of which American
Amount
afloat
Of which American.........
40,001
2,000
l.OOt
44,000
1,000
2,000
41,000
8,000
75,000
804,000
729,000
76,000
65,000
226,000
193.000
38,000
9,0CC
77,OOC
785,000
707,C0C
67,00C
46,000
221.00C
197,000
Apr. 21.
29,000
1,000
1,000
26 000
6,000
43,000
796.006
719,000
69,000
53,000
239000
211.000
Apr. 28.
42,000
3.000
2,000
88,000
5.000
8S.000
819 000
73ti,000
115,000
98,000
243,000
217,000
The tone of the Liverpool market for spots and futures
9ach day of the week ending April 28 and the daily closing
prices of spot cotton, have been as follows.
Spot.
Sat'day.
Monday. Tuesday. Wed'day. Thursd'y Friday.
Market,
ket, I
18:30 F.M.J
Quiet.
Mid. Upl'ds.
4*12
407
410
416
6,000
8,000
8.000
8,000
600
1,500
600
500
Sales
Spec.
& exp.
W
o
Moderate Moderate Moderate!
demand. demand. demand.
c:
Futures.
Market
opened.
Market,
4 p. H.
Qalet at Steady
deoUne.
steady
Steady
8d&
at
Pti.
deolioe.
ai
4 pti.
4 pts.
decline.
at
l&'i pti.
I
decline.
Qnier,
nncb. to
Very st'dy
adv.
adranee.
1 pt.
ia2
pts.
Firm at
Steady,
10 pta.
anohanK'd 8®
advance.
.
.
.
THE CHRONICLE.
1744
The
prices of f atnres at Liverpool for each day are given
Prices are on the basis of Uplands, G^ood Ordinary
oLanse, unless otherwise stated.
[Vol. lxxx.
Following are the closing quotations:
below,
Sat.
Mon.
Apr. 22. Apr. 24.
Tnes.
Al>r.
25
Tlrnrs.
Apr. 26.
Frl.
Apr. 27. Apr. 28.
18i« 4 12is| 4 12i« 4 121* 4
P.M. P.M, p. M.I P.M. P.M. P.M. P.M. P.M.
a.
April
April-May
May-Jace..,
June- July..
July-Aug.
Ang.-Bept .
n
o
o
Pi
SP
Sept. -Oct..
Oct. -Nov..
Nov.-Deo.
Deo. -Jan
Jan.-Feb
Feb.- Moll.
..
d.
d.
3 96 3 95
3 96 8 9^
3 97 3 96
3 99 3 9f
4 01 4 00
4 03 4 02
4 04 4 03
4 05 4 04
4 06 4 05
4 07 4 06
4 08 4 08
I
d.
d.
d.
91 3 94 3 94 3 94
3 91 3 94 3 94 3 94
3 92 3 94 3 94 3 94
3 94iS96 3 96 3 96
3 963 98 3 98 3 98
3 98 4 00 4 00 4 00
4 00 4 01 4 01 4 01
4 01 4 02 4 02 4 02
4 02 4 03 4 03 4 03
1 03 4 04 4 04 4 04
4 04 4 06 4 06 4 06
3
d.
d.
4 00 4 04
3 99 4 03
3
4
4
4
4
4
4
4
4
99
02
04
06
07
08
09
10
11
03
05
07
09
4 10
4
4
4
4
4 11
4 12
4 13
4 14
..
BREADSTUFFS.
^'KiDAY, April 28, 1905.
Reflecting the sharp break in values for the grain, there
At the lower
has been an easier market for wheat flour.
prices business has improved somewhat, some buyers being
willing to operate more freely at the cheaper cost, and some
fair-sized sales of spring-wheat flours were made at prices
showing declines of about 25@30c. per bbl. Moderate sales
of winter-wheat flours for July delivery were also reported
at lower prices. Bye flour has had only a small sale and
there has been a slight yielding in prices. Corn meal has
been quiet and easier.
Speculation in wheat for future delivery has been on a
The feature has been a sharp drop in
fairly extensive scale.
prices for near-by deliveries dua to the complete collapse of
the bull deal in May delivery in the Chicago market. Some
reports circulated in the trade have been that the opposing interests came to a private settlement, after which
the leading bull interests withdrew their support. The more
general belief, however, is that the bull interests abandoned
their position, they apparently seeing too much wheat ahead
of them to take care of it at the high prices they were maintaining.
The prospects for tfcie growing crops have
been quite generally favorable; desired rains have fallen
in the winter-wheat belt, and the plant is developing satisfacGood progress has been made with the spring- wheat
torily.
crop. The European markets, reflecting the weafeness in the
American markets, have been easier; nevertheless some export business has been transacted in the cash market, including new-crop red winter for forward shipment via Baltimore. To-day there was a steadier market, the pressure to
liquidate speoulatively-heid wheat beiog over. The spot market was quiet but steady.
DAILT 0LO8INO PBI0E8OF WHEAT FUTUBBS III
¥ORK.
8at.
Mon. Tuet. Wed.
Thurs.
Fri.
92B8
96'»8
Wo.2redwlnter, f.o. b... 100%
95%
92%
95»t
NEW
May delivery In
elev
July delivery In elev
Sept. deUv. In elev.
DAILT OLOSmO
May
deUv. In elev
July deUv. tn elev
94%
94%
9314
89
8558
8979
8478
gosg
85%
81%
80%
81
99%
91%
90%
88%
83%
9138
88%
8438
84%
PBI0B8 OF WHBAT FUTTTBBS Dt OHIOAOO.
8at.
Mon.
Tuet.
Wed. Thurt. Fri.
100
93
93
91%
88
88%
8538
8388
83
86%
84%
83%
Sept. deUvery in elev....
80
79%
80
Indian corn futures have been moderately active but at
lower prices. Sympathy with the decline in wheat values
was the principal depressing factors, and there was considerable selling for the account of speculative holders who
appeared unable to protect their interests. Daring the first
half of the week reports received from the corn belt that wet
weather was delaying seeiing of the new crop and the fact
that the crop movement was light served to give some steadl
ness to values. The past few days more favorable weather conditions have been reported, but receipts at primary points
have continued light. The spot market; has been easier, and
at the lower prices a limited volume of business has been
transacted with exporters. To day the market was firmer
on light receipts. The spot market was quiet.
DAILT CLOSIKO PBIOES OF HO. 2 MIXBD OOBH IN tiMVf YORK.
Sat.
Cash corn f.o.b
May
5238
Mon
61%
Tuet.
Wed.
51%
52
51
Thuri.
51%
Frt,
52
(lelfTery In elev
5138
52
5138
52%
51%
SlOg
July deUv. In elev
53''8
5239
sisg
5173
sijj,
DAILT 0LO8INO PBIOBB OF HO. 2 MIXED OOBH IH CHIOAOO.
Sat.
Mon Tuet. Wed. Thurt. Fri.
May delivery In elev
asbs
4658
47%
46
46%
46
July doUvery In elev
47
4638
46%
47%
46%
48%
Sept. delivery In elev.... 47%
46''8
4688
48%
47%
46%
Oats for future delivery at the Western market have been
quiet and there has been a fractional decline in prices.
Sympathy with the weakness shown by values of other
grains and generally favorable weather conditions for the
growing crop have been the factors that operated against
Locally the spot market has been quiet and easier.
To-day the market was quiet but steady.
DAILT OLOStnO PBIOBS OF OATS IK NEtlT YORK.
Mon. Tuet.
Sat.
Wed. Thurg.
Fri.
Wo. 2 mixed In elev
Nom. Nona. Nona. Nona. 34%
Nom.
Wo. 2 whlt« clipped f.o.b.
87
Nom. Nom. Nom. Nom. Nom.
DAILT OLOSma PBIOBB OF MO. 2 MIXBD OATS IM €HI€AGO.
8at.
Mon. Tuet.
Wed.
TKurt. Fri.
prices.
May
delivery In elev
July (i»Mtvery In elev
Sept. deUvery In elev
29'%
29%
28'8
29%
29%
28%
29%
2808
28%
2939
28%
28%
28'e
28'',
28''9
2838
28:%
28%
FLOVB.
OS 10
25 ®3 40
40 03 60
Flne....^^
$2 76
Snperfine
Extra, No. 2
Extra, No. 1
Ulears
8
3
8 60
8 75
4 86
S 05
.^
Straights
Patent, spring
• 3 76
'34
«4
•6
•5 40
06 30
04 90
Patent, winter
$6 00
City mills, patent. 6 80
Rye flour, superfine 4 10
Buckwheat flour..
Oom meal-
50
90
35
Nominal.
02 70
•2 75
Western, eto..^. 2 65
Brandywlne
2 70
OBAIN.
Wheat, per bush—
N.Dnr.,No.l
N. Dul., No. 2
Red winter, No. 2..
Hard winter, No. 2.
Oats— Mixed, p. bush.
White
No. 2nd3:ed...
No. 2 white
e.
f.o.b.
f.o.b.
f.o.b.
Oom, per bush-
0.
99%
93%
92%
0.
Western mixed
51
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush—
f.o.b.Nom.
S4%935
85%®89
f.
f.
o.
b.52
b.53%
b.52%
79 •SS
Nominal
Western
Nominal.
Nominal.
o.
f. o.
0.
^57%
State and Jersey....
45%955
41 944
Exports of Grain and Flour from Pacific Ports.— The
exports of grain and flour from Pacific ports for the week
ending Apr. 27, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 22,000 bbls, flour;
..
Barley—West
...
Feeding
to various Pacific ports, 6,lo9 bbls. flour, 550 bushels wheat,
2,400 bushels barley, 17,000 bushels corn and 250 bushels oats;
from Puget Sound to Japan and China, 13,265 bbls. flour.
Combining these figures with thoa« tor previous weeJss, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903-04.
Axportt
Flour,
W?ieat,
Corn,
Oatt,
Barley,
Bye
from—
ttblt.
bush.
buth.
buth.
bush.
buth
San Fran. 589,820 1.621,741148.473 178,313 3,807.865
854
Puget 8'd.l,064,006 1,387,875 28,568 256,429
412
983,685
Portland.. 661,770 1,483,760
246,656
863,874
Total.. ..2,210,596
I'ot.
'08-4.3.070.571
681,398
376,395
4,498,376 177.041
6.203,612 39,365
5 135,424
9,442,797
1,266
1.422
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending April 24, summarizing them as follows:
COBN— Rather slow progress with corn planting was made daring
the week, except in Missouri and Kausaa, where this work advanced
satl8i!aotorlly. Preparations for planting have been actively carried
on in Nebraska, Iowa and Illlnoie, bat no piantinsr has been done In
these States, except In Southern Illlnoie; and farther East none has
been planted northward of the Ohio River, with the exception of a
Tne oool weather has proved Injurloas to corn in the
little In Ohio.
South, much having been killed in the South A.tlantio and East Oulf
States by the frost of the 17th.
WiNTBE Wheat.— While the growth of winter wheat has not been
rapid, owing to the absence of warmth, the condition of this crop continues promising in all districts.
Spring Wheat— Spring-wheat seeding Is now well advanced In the
northern portion of the spring-wheat region and Is practically finished In the central and southern portions. Germination and growth
of the early-sown have been very slow, and some Injury has resulted
from freezing in South Dakota and Nebraska. In Colorado, Utah and
on the North Pacific coast spring wheat Is coming up and growing
nicely.
Oats— Oats also need warm weather to promote growth, which has
been generally alow, but on the whole the outlook for this crop is favorable. Some damage by freezing is reported from South Dakota
and Nebraska. Seeding la well advanced in the more northerly sections, except In the northern portion of the Middle Atlantic States
and in New England, where slow progress has been made.
The movement of breadstulfs to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produce Exchange.
The receipts at
Western lake and river ports for the week ending April 22
and since Aug. 1, for each of the last three years have been:
liteeiptM
at—
Oom.
Wheat.
Flour.
BbU.l»6lb8 Bush.m Ihs Bush.56
Caloago
Milwaakee..
Dalnth
Minneapollt.
Tolodo
uetrolt
116.644
740.86l|
83.600
48.200
67,760
649.100
41.600
861.100
93,800
49,096
208 500
19,000
2.668
66,000
110700
108,017]
53 238
115,970
833,160
63.0^0
49,300
4,100
Cleveland ...
St. Loalt ....
Peoria
Tot.wk, 1906
783
866
6,9571
48.600
120,159
45,642
211,070
17,850
14,400
421.030
112,000
273.000
269,850
227,341
384,749
2.078,976|
2.253889
1,835,779
1.486,479^
1,839.832
1.693,617
2,106,699'
1,817,616
3,321.99*-
Eaniaa City
Same wk. '04
Same wk. '03.
Bush.Si lbs BusKi8 lbs Bu.60
1.330,627
35.160
37.077J
Bye.
Barley.
Oats.
lbs
lbs.
480,797
188,250
43.247
29,300
11,200
4,812
69,750
12.190
900
•
>•
» * .
28,750
83.3C0
9.486
729,064
694.814
463,711
69,888
73.213
178 909
6,600
8inc« Aug. 1
12.903.218 179,595,914 148,634,053 188,515,961 57.953.078 6,034,921
16,442.7a8'l9S,03i),604 130.662,498 129,788,8:0 59,166,186 6,825,497
15.B86 215 217.455,185 123.07l.23;)il49,89a,668 49.816,461 9,008,705
1004-6
1903-1
1902-3
Total receipts of flour and grain at the seaboard p orts for
the week ended April 23, 1905, follow:
Floitr,
at—
Reeeivts
New
York.
Portland,
bbls.
B4,S48
.
Me
Phlladelplila,
Baltimore
Blohmond.
...
.
...
,439
690
S ,479
8,000
28.050
29,16J
27,460
82.«Ha
19 ,990
1
?Jlw'oHea2r.''.'.r;;.
Wheat,
bush.
43.H75
,000
Corn,
bush.
l,07u.70O
145.917
!50.n4
a.itt.SW
Oats,
bwh.
43m,5O0
49,110
81.632
32,853
16,446
lUo*
•.•.•..•...-.
203.000
" 7.600
^.08i
,0a6
23.375
85.209
6,250
.100
7. BflO
180,144
12.099
86,463
8,497,040
7U.686
;476.8;9
882.4*7
Rv»
bush
bush.
9U.0v
'
429,817
IW.iea
Barle V,
'26.26 9
>i,4a
• • • •
* •
12.829
.
818
• •••
Montreal
Mobile
Total wee k
Week
•
lW04...n
..
.
190.522
80 e,884
164 ,873
317,722
Reo«lpti do not Inolade KralD palling through
•orti on throagh bllli of lading.
•••
....
.
.
•••(•«••
••
New
117.66
73,42
13.tJ47
>
e.l46
Orleani f or f oreUn
:
APR.
THE CHRONICLE.
29, 1905.]
Total receipts at ports
follows for four years:
Corn
Oats
BArlBT.
Kye...
Total grain
April 23 compare as
1901.
6,375,til5
1903.
6,7l8,9£5
1902.
6,540,205
bush. 5,412,609
bush. 50,333.358
bush. H,»5B,428
bush. 2,635,994
bush.
166,827
14,205,905
25.838,918
13,513,818
1,563,441
461,569
24,910.920
47,207.221
17,486,896
1,768,931
1,150.948
25,895,732
6,792,503
12,S04,418
bush. 70,297.314
55,586,015
92,524.916
bbls.
Wheat
1 to
1905.
3,068,995
Receipts of—
Flour
from Jan.
New York
Portland,
8,t0a
Corn,
bush.
788.8J3
Me
Boston
f
47,882
Philadelphia
Baltimore
bbls.
68.821
2.479
18,260
38,304
8,480
0,714
894,627
137,143
489,6!46
Newp'rt News
New Orleans
Galveston
Mobile
8t.John,N.B.
7,960
800.837
214.871
12,099
86.483
Total week..
63.^42 8,472,683
Same time '01. 158,790 413.077
Oats,
bush.
Flour,
Rye,
bush.
63,96i»
6,250
Total
Total 1803-04
Week
week and
since
-Corn.
Since July
Apr. 22
1, 1904
1, 1904.
bush.
buih.
bush.
9,684,835 l,066,t-H6 89,762 132
1,045,823 1,307.783 as «6'i.890
417,3ai
22.948
3,330
Since July
Apr. 82
bush.
63,842
,
Week
24,541
t62,ia2
89,*61
281,803
147,752 5,31S.061
288,000 18,118,6tf9
23.152
18,245
— XVheat.-
,
Other countries.
50.042
88,773
69,511
81.863
147.762
238.000
Mour.
Exports for
Week Since July
week ana since Apr 22,
1, 1901.
bbls.
July 1 to—
bbls.
United Kingdom. 72,578 2,699 243
4,321
907.160
Continent.......
604,982
S. & C. America..
38,163
1,011.614
149,2,i6
63,842
156.790
52.114
466
78.^02
10,785.932
55,349,415
3,472,683
418,077
70.030,953
53.408,4ba
The visible supply of grain, comprising the stocks in
granary at the principal points of accnmulation at lake and
eaboard ports, April 22, 1905, was as follows:
Wheat,
In store at—
bush.
488,000
New York
Do afloat
Boston
46,000
6,000
411,u00
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Bufl-alo
Do afloat
Do
afloat
Detroit
Do afloat
Chicago
Do
afloat
Milwaukee
Do
afloat
86,000
101,000
16,000
...
Corn,
bush.
1.8314,000
820,000
553,000
627,000
155,000
476.000
375,000
Oats,
bush.
412,000
9a,0(io
lb2,000
77,000
217,000
4,600
31,00'6
JsVodo
"i'doo
1,981,000
3,493,000
8,56i',00b
iss'o'do
1,000
650,000
222,066
388,'o'66
2,066
n7,666
296,000
5,811,000
2,187,000
1,679,000
99,000
9,7e 0,000
2,094,000
Duluth
99,000
639.000
108,000
Fort William
Port Arthur
Barley,
bush.
26,000
120,000
....
Toledo
Rys,
bush.
148,000
133,OC0
14,000
111,000
1,U6,000
207,000
"
588,'666
1,837,000
183,000
467.660
2,791,000
678,000
sR.OOO
2,000
7oe',"66o
866,000
27'3,00'6
70,000
90,000
15,000
'"ifioo
10a,000
iB4,0Q6
1,327,000
31,000
387,000
i,^7'67.'666
656,000
Apr. 22, 1906 30,417,000
Apr. 15, 1906.30,H72,000
Apr. 23, l«04.31.1»n,000
Apr. 25,1903.35,566,000
11,092,000
10.379,000
8.8&6.000
7,734,000
14,671,000
15,016,000
9,912,000
6.505,000
1,18^,000
1,083,000
l.i437.000
2,3i!8,000
1,043,000
1,137.000
a,868,000
1,365.000
Do
18,000
afloat
Kansas City
Peoria
Indianapolis
On Mississippi Riv.
On Lakes
On canal and rirer
Week. Since Jan,
1.266
712
61
543
23,005
3,396
9,155
3,053
6,373
"207
273
17
477
841
1.
204
390
1
10
207
10
43,968
6.333
4.142
8,363
9,127
1.194
763
254
5,881
19,776
5,489
1,193
2,328
4,591
18,210
5,646
8,606
99,935
4,723
74,686
Sonth America
Other Ooantries
1,184
Total.
New
York exports since Jan, 1 has been
The value of these
85,448,724 in 1905, against $8,994,183 In 1904.
Business from the home trade in heavy brown drills and
sheetings has not been large, but buyers freely confess their
dlflSoulty in securing goods, and state that they expect this
to increase rather than decrease. Converters have shown a
slight disposition to purchase further ahead, and prices for all
positions are firmly held. Light-weights have been in better
request, both for home and export trade, and stocks are becoming scarcer. China has taken a fair amount of 4-yard sheetings for delivery as far ahead as January, 1906, at unusuaily
high prices. Bleached goods have shown an advancing tendency in sympathy with the firmness of gray goods, and buyers are beginning to appreciate the fact that the prominent
lines are well sold forward. Colored goods have been taken
more freely for future shipment, and many lines ara wellconditioned. It is expected that these will soon feel the effect
of the diversion of machinery to other lines. Canton flannels
and cotton blankets continue firm and in fair demand. Cotton linings have been in better request and prices are steadily
held. Fair purchases of staple prints have been reported and
fancy dress prints have shown some improvement. Staple
and fine grades of ginghams have been quiet at recent figures.
Foreign Dry Goods. Imported woolen and worsted dress
goods have shared in the increased activity noted in the
domestic market and have been freely purchased. Silks
have been steady with a fair demand. Ribbons have sold
well and are firmly held.
Linens are quieter but dress
show a decided improve-
Importations and ^XTarebonse "Wltlidraivala of .Dry Good*
Thelmportationsandwarehousewithdrawalsof dry goods
at this port for the week ending April 27, 1905, and since
January 1, 1905, and for the oorresponding periods of last
year are as follows
.
§
Silk
Flax
Wool
Cotton
Total
Total
Total
Total
Week. Since Jan.
1,
320
205
55
2
3.286
areat Britain
Other Eaiopean
Ohlna
India
Arabia
Afrioa
West Indies
linens continue active. Burlaps
ment, both in business and price.
21,000
66,000
afloat
1904.
—
76,000
Do
Minneapolis
St. Louis
New Yokk to Apb. 24.
17.140
7.190
destination of these exports for the
July 1, 1904, is as below:
28,838
190
3,612
bush.
6,370
642
The
West Indies
Br. N.Am, Colo's
Peas
1905.
Klexioo
Central America....
192
"i'.sse
;
47,204,387
ICO
1.3*1
7,321
—
DoMBSTio Cotton Q-oods. The exports of cotton goods
from this port for the week ending Apr. 24 were 8,506
packages, valued at |486,865, their destination being to the
points specified in the tables below
571,900
Barley,
bush.
24,773
25,2a9
and broad-
plain goods of a sheer character, with Henriettas
cloths in the lead as sellers.
1,379,8.'<4
The exports from the several seaboard ports for the week
endiog April 22, 1905, are shown in the annexed statement:
Wheat,
Exports from— bush.
1745
THE DRY aOODS TRADE.
New
Yoek, Feiday, P. M., April
28, 1905.
The decline that has occurred in the raw-matetial market
during tbe week has not been reflected in the price of cotton
goods, and sellers have assumed an even more independent
attitude than heretofore. So many lines are sold ahead to
such an extent that there is no probability of any declining
tendency for some time to come. Buyers are experieccing
increasing difficulty in securing deliveries, and for this reason
have shown a greater inclination to anticipate their requirements. The volume of export business has not materially
Increased, but sales have been made to China at the highest
prices recorded for some time. The outlook in this direction
is considered favorable and the condition of mills is such
that even a small business would have an appreciable effect
on the delivery of goods. The fact that inquiries are being
received for goods that have never before been sought for
here is taken as evidence that buyers are unable to fill their
requirements at Manchester. In the woolen goods division
orders for fall drees goods have shown a decided increase.
Woolen Goods.— Duplicate
orders for men's wear heavyweight woolen and worsted goods are beginning to arrive
more freely, but at present are principally confined to low or
medium grades of fabrics. Weather conditions have been
favorable for the disposal of light- weights from clothiers'
stocks, and as this condition Increases they will feel more
disposed to increase supplies of heavy-weights.
In the
meantime mills are busily engaged filling the large volume
of orders that has been received and general activity is apparent throughout the trade. Overcoatings have been freely
taken and the duplicates that are being received indicate a
preference for fancy styles. In the dress goods division sellers report that retailers are placing orders with considerably
more freedom than jobbers had expected and that the latter
will shortly be compelled to place reorders on a large scale.
The general condition of the market is considered satisfactory and the outlook is bright, The tendency is still towards
or
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II
— —
:
:
:
:
THE CHRONICLE.
1746
.
[Vol. lxxx.
South VaToliaa.— New Hampshire Asks Payment on Old
Bonds.— Edwin Q. Eastman, Attorney-General for the State
PUBLISHED WEEKLY.
Terms
ol
Subscription— Payable in Adrance
For One Year, Including
For Six Montlis
all
flOOO
Sdpplemknts
European Subeorlptlon (including postage)
Suiopean Subscription Six Montlis (including postage)
6 00
13 00
750
The Railway and Industrial Section, Issued quart "^rly, Is fnxnlslied
every annual subscriber of the C ommbecial and
iBithout extra charge to
FlWANCIAL CHBONICLE.
The State and CJitt Section, Issued semi-annually, is also furnished
uithoui extra charge to every subscriber of the Ohkonicle.
The Stbekt Railway Section, issued three times a year, is likewise
furnished without extra charge to every subscriber of the Chkonicle.
The Bank and Quotation
xeithont extra charge to
Terms
of
Section, issued monthly, Is also furolshed
every subscriber of the Chronicle.
Advertising—(Per
Incli Space).
^
Three Months (1 3 times) ... $29 00
Six Months
(26 times) ... 50 00
$22 00 Twelve Months (52 times)... 87 00
20
Zranalent matter (each time)
standing business cards.
Two Months (8 times)
TVILIilAm B. DANA COMPANY, JPubllsliers,
Pine Street, corner of Pearl Street,
NETT YORK*
POST OFFICE Box 958.
Index.
An
index to all the news matter appearing in this D?partfor the period from Jan. 7, 1905, to April 15, 1905, inclusive, was published in the Chronicle of April 22, 1905,
pages 1500, 1501, 1502 and 1508.
ment
of New Hampshire, recently wrote to the Attorney- General
of South Carolina stating that Benjimin Thomas, deceased,
had bequeathed his property to the State of New Hampshire
and that |30,000 unpaid South Carolina bonds dated Jan. 1,
1889, were found among the assets of the State; also that
"the State of New Hampshire would like to have these bonds
paid at the earliest possible date unless there should be some
reason why the State of South Carolina is not legally bound
to pay them."
print herewith the text of this letter and
the reply to the same sent by the Assistant Attorney-General
of South Carolina, the latter containing some interesting
facts of history
Exeter, N. H., April 13, 1905.
To the HonorabU Mtornev-Oiiitral of the State of South Carolina
Sir— At the request of his Excellency, the Governor of the State of New
We
Hampshire,
I
desire to call your attention to the fact that the State of New
to the
Hampshire Is the holder of unpaid bonds of the St&te of South Carolina
amount of $30,000, dated the flret day of January, 1869.
These bonds, as I understand, were Issued under and by virtue of an Act
passed by the General Assembly of South Carolina in March, 1861), authorizing
a loan for the conversion of State securities.
Benjamin Thomts, late of Durham, N. H., deceased, bequeathed his property to the State of New Hampshire for the purpose of establishing a college
of agriculture and mechanic arts and the bonds above named were a part of the
assets of his estate which passed to the State of New Hampshire under the
will. As these bonds are still due and unpaid, it wag thought best to communicate with you and ask that you call the attention of the proper authorities
in your State to this matter. The State of New Hampshire would like to have
these bonds paid at the earliest possible date, unless there should be some
reason why the State of South Carolina is not legally bound to pay them
Any further information that we possess in regard to this subject we will
gladly furnish you at any time.
Hoping to hear from you at an early day, I remain, most respectfully yours,
Edwin G. Eastman. Attorney- General.
The Attorney-General's
Items.
16, 1906.
2he Hon. Edwin O. Eastman, Attorney- General State o} New Hamvshire, Exeter, y. H.
Dear Sir— Answering your letter of the 13th instant, I beg to say that it is
Impossible, without knowing the numbers of the bonds referred to by you, to
tell whether they are valid cr not. I am informed that only a part of the
bonds Issued under the Act of March za. 188», is valid. The State Treasurer
informs me that the following bonds are refundable
"One thousand dollar bonos— red numbers: Nos. 1 to 519, Inclusive; Nos. 521
to 1130. ioclusive; Nos. 2ibi. to 2475, inclusive.
" One thousand dollar bonds— red numbers: Nos, I to 120, Inclusive.
"One thousand dollar bonds— blue numbers: Nos. 3271 to 3*96, Incltislve;
No.3f98.
'•five hundred dollar bonds— red numbers: Nos. 1 to 237, Inclusive; Nos. 1001
to 13iio, inclusive.
" The following conversion bonds were issued in exchange for other bonds
of the State which were surrendered and are on Ule as vouchers as required by
the Act of 1869. The remainder of the so called conversion' bonds, amounting to »5,96?,0J0, arenot represented by bonds on file, and are /rouduJent «»u«s.
declared by the Act of 1873 to have been 'put upon the market without any
authority of law,' and are absolutely null and void.
'•
In funding all the foregoing stocks and bonds In six per cent consols under
thepresent law, interest unpaid to January 1, 18S(i, Is added to the principal,
and consols are issued for 6u per centum of the valid amount, bearing interest
from 1st of January, 18rfi), Interest payable Ist January and 1st July at this
ofiSce, and also In the cities of New York and Charleston, S. C."
Please advise me what are the cumbers of the bonds held by your State, and
let us know deflnltely whether they were issued under this Act of March, 1889,
W. H. TowNSEND, Assistant Attorney General.
A. K.
:
'
'
Chicago (111.), West Park.— .Bonds Illegal—The State Supreme Court on April 18 declared invalid the Act of May 10,
1901, under which the West Chicago Park Commissioners
propoeed to issue $1,000,000 bonds for small parks. Tbe
Court holds the Act unconstitutional because it is a local
and special law applicable only to the town of West Chicago.
Defaulted State Bonds.— Committee Solicits Deposits.—
Taking advantage of the recent decision of the bupreme
Court of the United States in the matter of defaulted bonds
of the State of North Carolina, a committee beaded by W. N.
Coler & Co. of this city, including Messrs. R. F. Pettigrew,
D. L. Russell and Marion Butler, announces that it is now
reaciy to proceed with the collection of all repudiated bonds
of every class of each State. The present members of this
committee were connected with the original committee
formed in 1901, to whose successful efforts, it is claimed, the
recent favorable decision was largely due. Holders of repudiated State bonds are requested by the above-named committee to deposit them with the depositary, the North American Trust Co., 135 Broadway,
Fletcher, Colo.— Bonds Valid. The following is taken
from the St. Paul " Pioneer Press " of March 30:
—
In an opinion written by Judge Hook, filed yesterday in the United States
Circuit Court of Appeals, tee judgment of the Colorado Federal Circuit Court
upholding the validity or certain bonds issued by the Town of Fletcher, Colo.,
for the purchase of a water-workg Byatem is affirmed. In the case of Town of
Fletcher against Samuel G. Hickman.
Hickman recovered a judgment for the amount of several finterest coupons
detached from the bonds which the town refused to pay, claiming that the
ordinance authorizing the bond issue was iuvalld, and that there was a fraudulent conspiracy between the M ayor and the majority of the town trustees resulting in the Incorporation of the town, their own election and the issue of
the bonds, in the purchase of a property alleged to bo comparatively worthless.
The Court holds tnat the invalidity of the ordinance was not proved and that
the town must piy the bonds and Interest coupons.
See V. 77, p. 48.
MiBnesota.— Legislature
:
Columbia, April
'
News
office replied as follows
Adjiurna.— The
Thirty-fourth
Legislature of this State adjourned at noon, April 18, 1905.
Newark, Ohio. Bond Saie Fa/id.— The Circuit Court on
April 15 handed down an opinion holding that the private
sale on Deo. 19 of $300,000 water bonds was in all respects
legal; aleo that the bonds sold for a "fair price and reasonable premium." It is stated that the case will probably be
taken to the Supreme Court. See V. 80, p. 179, 128, and V.
79, p. 2761.
New York Cltj.— Bonds Listed.— On April 27 the $25,000,OCO S\i% stock and bonds (the $22,000,000 corporate stock and
13,000,100 assesament bonds) awarded by the city on April
24 were listed on the New York Stock Exchange. The list
of bids and of the euccessful bidders for these bonds at the
sale April 24 will be found on a subsequent page.
New York State. yavinga Bank Investment Bill Passes
Legislaiure,— The Senate on April 24 voted to restore to its
original form Assemblyman J. T. Smith's Savings Bank lavestment Bill, and enbseciuently passed the measure by a vote
of 32 to 7.
This action does away with thoae amendments
seeking to legalize bonds of the Chicago
Eastern Illinois
Riilroad Co, The bill now e:oes to the (Governor for approval. See V. 80, p. 1083, for the bill in full; also V. 80, p.
1494 and 1484 for the amtndmenta proposed by the Senate.
&
Bond GaHs and Redemptions.
Albany
May
1 of
City,
Mo.— Bond CaW.— Call
the following bonds
is
made
for
payment
:
and 2, each for $1,100, dated Nov. 1, 1900. Interest, 4*.
and 12, each for »1,000, dated Nov. 1, 1S91. Interest, di.
Bogard School District, Carroll Couaty, M.o.—Bond
Call.—Th\B district has called for payment i%i bonds Nos. 3
4 and 5, each for $400.
Cincinnati, Ohio.— Bond CaZZ.— Charles P. Taft, President,
and Louis Carroll, Secretary, call for payment June 1 at the
York City, $200,American Exchange National Bank,
000 A% street-improvement bonds Nos. a -2104 to a-2503, inclusive, dated June 1, 1894, and maturing June 1, 1914, subject to call after June 1, 1904.
Nos.
Nos.
1
11
New
Colorado.— Warrant Call.— The State Treasurer, John A.
Holmberg, calls for payment 30 days from date of call— Apr.
10 -the following warrants:
1901, No. 2194 to 2151, both numbers inclusive.
1906, No. 775 to 98», both numbers inclusive.
Capitol Building, No. 3j15 to 397o both numbers inclusive.
Of the Revenue of
Of the Revenue of
Denver, Colo.— Bond Call.— C.
City and Couaty of Denver, calls
payment May
Elder, Treasurer of the
the following bonds for
S.
i
15:
SIDEWALK BONDS.
Central Sidewalk Diat. — 13ond No. 6 and 7.
Capitol Hill Sidewalk No. 1— Bond No. 4..
S luth Broadway Sidewalk No 1— Bond No.
Sidewalk Dust. No. L— Bond No. 10.
Sidewalk Diat. No. 8— BondNo. 7.
Sidewalk oist. No 9— Bond No. 8.
Sidewalk nist. No. 10- Bond No. 21.
Sidewalk Dist. No. lil- Bonds Nos. 4and 5.
5.
PAVING BONDS.
Alley Paving Dlst. No. 2— Bond No. 11.
Broadway Paving Ulst. No. 1— Bonds Nos. 30 to 88. iochislve.
Colfax Avenue Paving Dist. No. a— Bonds Nos. * to 8, inclusive.
65.
Champa St. Paving Dlst. -Bonds Nos. 54 and
Eighth Ave. Paving Dlst.— Bonds Nob. 12, IS and 14.
No, 85.
—
Bond
PavlnglDist.
Water St. and West 2itl A vo.
BEWER BONDS.
1— Bonds Nos. 203 fo 227, Inclusive.
Storm-Sewer Sub Dlst. No. Ifi-B nrts Nos. 5 and 8.
Storm-Sewer Sub Dlst No. 10-Bond No. ».
HtormSeworSub-Dlst. No. IT— Bond No. <!.
Capitol Hill Storm-8e<vor Dlst. No.
Capitol
Capitol
Capitol
Capliol
Capitol
Capitol
Capitol
Capitol
North
Ht
1
Hill
illll
Hill Si'inn-SewerSut) Dlst. No. 18-Bond No. (t.
Hill Storm-Sewer SuoDist. No. 2U-Bond N.,. la.
lUll Storm-Sower Sub- DiHt. No. 21— BondNo. «.
Hill Storiu-Sewor Sub Dist. No. 2a-B()nd No. 13.
Hill Strirm-Sewt?r Sub- Dlst. No. 2*— Bond No. 8.
Denver Sanitary Sewer Dist. No. 1— Bonds Nos. P. 10
and
11.
OBADINO ANDCUUBl^O BONOS.
Capitol Hill Oradlng and Curbing Dlat. No.
North Denver Urading
Dlst.
1— Bonds Nos. 116
No. 1 -Bonds No8. 8
to H&, iaolSv
to 11, Inclusive.^
:
Apr.
:
'
THE CHRONICLE.
29, 1905.]
1747
IMPKOVEMBNT BONDS,
Capitol Hill
Capitol Hill
Improvement
Dlst. No.
1-Bonds Nos.
u. ^^?^^}^^' ^^l^T.^^^"^^ Fofed.-This town, it is stated,
^l^^OOO publio-improvement bonds.
''^i^^}?Xu^^.
16 to 54, inclusive
^%
Improvement Dist. No. Z-Bonds Nos. 31 to 33.
East Denver Improvement Dlst. No. 1-BOQds Nos. 18 to 22.inclusivp
inclugiv«
Grant Ave. Improvement Dlst. No. I-Bonds Nos. 28 to 31, inclusive
HiRh and Race Sts. Improvement Dlst. No. l-Bonds Nos
16 and Ifi
South Broadway Improvement Dist. No. l-Bonds Nos. 26 to 30 inciuslvp
South Fourteenth St. Improvement Dlst. No. l-Bonds Nos.
9 and lof
District-Bonds
Upon request from the holders of any of the above bonds
ten days before the expiration of this call, the
Treasurer will arrange for their payment at the Mercantile Trnat
Co.. New York City; bnt not otherwise.
KenBett School District, Danklin County, Mo.-Sond
aa«.-Call is_ made for payment May 1 at the Fourth
National Bank of St. Louis of bonds Nos. 1 to 5, inclusive
and
9 to 12, inclusive, each for |500, bearing 6% interest.
Lamar Conntj, Texas.— Sonds Redeemed.— The Countv
Commissioners on April 10, it is stated, called in and
redeemed $32,000 court-house bonds now subject to call
Mac Chester, Ta.—.Bond Ca«.— J. W. Bronaugh Jr, Citv
Treasurer, calls for payment May 1 at his offi3e sixty-five
5i
coupon sewer bonds dated May 4, 1895, maturing Mav 1 1929
but subject to call May 1, 1905. Bonds are Nos. 1 to
65. inclusive.
Denomination, $1,C00.
Fofed-The elecf,vS®5^^^?l?*''®^,.^^i'?*^
tion
April 15 resulted In a vote of 233 to 27 in
favor of the
proposition to issue |2O,CO0 school-building
bonds. Details
-^^sfcaiiH
of Issue and date of sale not yet determined.
Bellefontaine, Ohio.—fiand« Fofed.—The election Anrii in
resulted in a vote of 794 to 387 in favor of
the pronosXn to
ssue |5O,O0O electrIc-light-plant-impro?ement^boS
Da?
tails of issue not yet determined.
BennettSYiile, S. C.-Bond 0#en«£^. -Proposals
will be
received at any time by H. L. McColl,
Chairman, for |5, 000
i^i gold coupon electric-light bonds. Authority vote
47 to
3 at election held April 11. Denomination, optioial
May
1,
1905., Interest,
as Sut
Date
Maturity
^°^^^^ '^^'' *-^-^-
payable in Bennett^vllle.
^"" '' ^^^"'
i2^roo?."
cefv^i^Silf n:!rn? eXtftra^^S^aJ^wt
for 115.000 funding bonds at not exceeding
thority, vote 637 to 203 at election held Apr.
S interest
AuDanom-
1905
Interest, Jan. 1
3,
Moniteau County (P. 0. California), Mo.-Bond Call.— °^V°f^' ^li?^^" P.^^^d^'^V' 1905.
and Jn?y
1, at the office of the aty Treasurer.
Maturity, July 1, 1925,
is made for payment Jane 2 at the
office of the Countv subject to
call after July 1, 1915.
Purchaser to furnish lit hoTreasurer of 5^ jail bonds Nos. 11 and 12.
Mound City School District, Holt County, Mo.-Bond I2 4rS^nrn^°r^\ Bonded debt, $51,000. Assessed valuation.
CaH.-Bonds Nos. 6 and 7, each for $1,000, are called for pav°^ certified check on some Billings bank for
$750 re uir d^
ment May 15 at the National Bank of Commerce, New York
^^' ?', H«"Jday8burg), Pa.-5ond Issue
City.
Pn^/^iLS^"^^ are
Pfl'Poned.-We
advised that, owing to legal differences
New Orleans, Lq.— Premium Bonds Drawn.—The follow- as
to authority, etc, the matter of putting out
ing premium bonds of the city of New Orleans
the nronoaed
were drawn
"^'^'^ improvement bond? has been postpSJedTnby lot on April 15, 1905 (for payment July 15,
1905), this de'finitelf
being the one hundred and eighteenth allotment
Berles Nos. 48, 426, 443, 670. 698. 917. 939 1210 1911 ^AVfi
A ^5/^*1?™ ^l^T'u^^^?!^?' County, Utali.-Bond Mection.An
Call
1440. 1689, 1729, 1991, 2011, 2014, 2034, 2090 2186 2584 27!^'
3012, 3107, 3163, 3199 3380 3557 3308, 3669' 4450
lilt' tssi'
8543, 5833, [6585, 6696, 6646, 6981 7802 8039 8166 8723
IsSfi
Scotland County, Mo.-Bond Ca«.-Interest will cease
on
6 on 4^* railroad refanding bonds Nos. 48 to 61, inclu8 ve, each for $1,000.
Payment will be made at the Mississippi Valley Trust Co. of St. Louis.
May
election will be held in this city to vote
on the question
of issuing $6,C00 bonds for extension of
water system and to
retire noating debt.
Brookings, S. Daft:.— Bonds Defeated.-On April 18
the
proposition to Issue bonds for water purposes
failed to receive the necessary vote.
BucjruB, O.-Bond 8ale.-0a April 28 the|19,20Q
5% 1-16
(|e-rial)
Sandusky- Avenue-improvement bonds described
w^e
Bond Proposals and
week have been as follows:
Ne<yotiations
m»
Alliance, Ohio.--Bond 0#eriMgr. -Proposals
will be received until 12 m. May 22, by Chas. O. Silver,
City Auditor,
-^ii-v/i,
for the following bonds
:
&
$787 20.
Bnttalo, N. Y.— Bond /ssue. -The issuance of a
$1,500 comprcmise settlement bond, maturing July
1, 1906, has been
authorized. This bond is to be taken
at par by
Bond Redemption Sinking Fund as an investment. the Park
Cambridge, Ma8S.-Bond Safe.— On April 27 this
city
awarded to Merrill, Oldham
Co. of Boston $686,000 d}/i
registered bonds as follows
&
^
:
»16.000
^*9?5«-f,Pe^1?t.^^e'm^S.'^?Mi\u?lf.T^'^X°teT'«,r f
'^^
''
4«refundirg bonds. Decominatiou. «1,000. except
one bond for l-^oo
Date June 5, 1905. Interest, semi-annual.
MatSrityTno wo in three"
?\^' "} ^'*- '"^ eiKhtand la nine years; «».boo in ten vJf?,
L'J.H°«"/knn
and 18.500 in twelve years. CerMfled check for
«2.&o6 reqi°red
Certified checks are to be made payable to F.
V. Cassaday,
74,600
Successful bidders are required to furnish
blank bonds free of charge.
School Di8trict.-Z)escrtp«on of Bonds.—
mi^^Sln
ii?'*'?*^
The 120,000
school bonds recently sold to the Union
Tr u3t Co
^^®®
°^ ^^^*- '^^ek) were awarded to that
?1 Sf h"^
?°^?^^2^f
for $20,027. Denomination, |l,O0O.
n.M*''i^°°,°i°ite'^^I
^°*^'®'* ^! P'^^^^^ annually. Maturity,
1^ nnnt^Il^i W^^^i
*'''"'. '''''' ''' ^^^ ^«^'
|k?sVn^d"$'6^o'o?in'Ten/er
^-
'
i'e/'ea^ed.-This city on April 18 defJuAl'r}ih~^f'''^^ proposition
^
to issue $30,000 water- works
*
bonds
i€^aZ/a;ed by Legislature. -£^n
isstHf^'f^fTn'on^'
J;Tn? h"^!.
'* '^ ^°^°°i ^^^"^^ ^^9 been legalized by an Act
T
*r,
the Legislature now known as Chapter
811, Laws of 1905
?L
^""'^^ ** 101-639.
Basis. 3-387%.
sul In'L^*''.'*^^''^
school house bonds at lOreaa. Basis. 3-387«.
iKoon f2f|0>eir ^ater bonds
at 101-639. Basis, 3-3V7I:
9o'noo ^<^l i?:^"^^
^®'*''
^on^« at 10.- 139. Basis, 8-88 1«.
J? onn i^i f n
^^'T*'^
Park
bonds
at
102-579. Basis, b-38li«.
iS-y^a""
l^onnn tx^l
"O'l'ls at 102-679
Basis. 3-382%.
2' 00^0 3H%
1 '^®SL^>?°'""'^,S« ^f'^^l^
st!l l-*0-y€ar
4.(),vm
(senalj water bonds at 100-919. BaBls,'.3-396%.
^2t OoS
"^
Following are the bids
City Treasurer.
)ff
of
W
J^%
in
V. 8U, p. 1252, were awarded to Seasongood
Mayer. Cindnnati, for
41 85 and interest.
Eighte^ bids in aU
received, the lojvest being a premium of
20- year
30- tear
Oldham & Co., Boston
wreStf
W. A. Read & Co., New York
ioi-51
Estabrook & Co. and R. L. Day &
Co.,
JJ.erriII
Boston
101'219
H. KoUins & Sons, Boston
lOl'lo
g;
Blake Bros. & Co.. Boston
101-15
Biodget, Mterritt & Co., Boston .... ] 01-02
l^ountze Bros., New York
100-82
H. W. Poor& (.'o., Boston
10071
Maspn, Lewis & Co., Boston
100-B6
^enieon. Prior & Co., Cleveland! I0u-d0>
^"d Boston
{ +100-695
.'
Street and school bonds.
•
Hunt
Little,
+
Water bonds,
40 year
Bonds.
JJonds.
102-139
101-97
102-579
lOi'43
101-619
101-55
101-54
101-62
101-919
101-83
101-cl
101-78
101-78
1U1-4B
101-40
10133
101- 4
i
101-07
I
i
100-919
100-78
100-559
100-if7
100-86
100-4-2
100'28
100-15
100-125
101-35
I
1101-437
J
1
101-13fi
l-20iear
strial Bds.
100-135
Park bonds. 1 Bridge bonds.
& Co.
offered 100-716 for $21,000 school bonds.
Securities are all dated May 1, 1905. Interest
semi-annually by check.
Carnegie, Pa.-Bond Safe.-On April 20 the
coupon general-improvement bonds described in$50,000 4<
V. 80. v.
district has voted to issue |5.0Q0
school-building and **"
^^^^^^
^7^'^^^^
^^
Case,
New
im^'
York
City,
^*
A^^^'a
^' at
°
provement bonds.
104-33 and interest.
Casseltou (N. D.) School Distriet-Bonds Defeated.—
''"'?^ Proposed.-The Common CounBy
l^i*i^'"'^^'*^Tf
o\t^l
cil
^asdecided
to aek for legislative authority
a vote of 31 to 126, this district on April 18 defeated
to issue not
a
propo*^
exceeding $600 000 bonds for the purchase
sition to issue 122.000 school bond?.
of the i-iOBoui,
present
water plant or for the buildlug of a new one
Cincinnati, Ohio.— Bonds 4Mt/ion>ed.— The City
Council
the
iseu- 4?=;n nS \?f^^^^ ^° ordinance providing for the issuance of
^*Pf"
25
anP« nf/piffmoVin''-"^''''^*
^"I'^^'T^"
|cJ30,000
3>i« coupon park bonds.
^^^^'^ ^^^^"^ bonds was authorized by a
Denomination, 1500.
?o?e of 95 to 12
Date, June 1 1905. Interest semi-annually
at the American
Annandale (Minn
)
School District-Bonds
fX-TMs
5fer<«g-.-Propo3als will be received
^' ^^^*°°' Town Clerk, for $4,000
?^9n
!/o (optional
^^^h gold
H^-couDcn
10-20-year
bridge and road bonds! be^^*^' ^^y 1' 1805. Interest? semf-annual.
?o^n°S*'°°' ^2^t
° o1^ u*. ^* present. Assessed valuation, |185,658.
A no«t^
Highlands, N. J.-fionds ZJ^Aafed.-This bornnti n«*i*'
^ ^°t® Of 123 to 155, defeated a p^^pyoi
proposi^P"i.i^'r^^
Hn^ to
f^^issue
tion
$55,0C0 park bonds.
5*®^ *^P*' ^' ^'— Bonds Proposed.— ThiB village seeks
1^ .
legislative authority to issue |150,000 sewer
bonds.
^^^-^^nd ElectioH.- Omoial notices are being
T^nKM;V^°•^®'.
^^'"°^ f°^ *^« submission to a voti
at the «lPPHnL°A?I
^^^^^^^^^^ '°^ ^^« ^«fnce^fthl'Slowfnl^bo^^^^^^^^
nnnW^o \!*'^l!I?-~f^u**
r
^
I
^TP
a StSs
$l,000,000pa^k bonds at
10.000.000
2.000.000
«e^^J//
^t
exceedipg 4% interest.
Annei^rme^r^^^
lur&unel 1954^.*''''*''
4--'^
Authority. Chapter 338,
"S- -• -^^^
""*• interest. June
1
and Dec.
1.
Ma-
Janet!955
""
^*''^'
^'"^ York City.
M?turlty^
Clarksburg (W.Ja.) School District-Bond iJZec^ion.election will be held May 2 to vote on
the question of
issuing 160,000 5^ 5.20-year (optional) schoolbuiwrng bonds.
Colambus, Ohio.—Bonds Aumorized.-The City
Council
has authorized the issuance of the following
bonds
An
:
*JS'S52 ** coupon main sanitary-sewer bonds.
17,000 i% coupon South Side main sanitary-sewer
bonds
panomlnation, $1,000.
Date not later than IMay 1, 1905
and Sept. 1 in New York City Maturity.
''""'^^'
March 1, 1935, subject to call after March 1, 1915.
Concord, NH. -Bond Bids. -Following are the
bids received April 21 for the $45,000 Sy^i water
bonds awarded, r
stated last week, to Farson, Leach & Co. of
New York City
Interest,
March
1
:
Farson, Leach 4Co.. New York. 102316
Geo. A. Fernald 4 Co., Boston.. 101-07
B. II. Rolllnsi Sons. Boston... .lOTf 93
V- W- Harris & Co., New York. .100-638
Jose, Parker
4
To.,
Boston
Blake Bros.* Co., Boston
100-451
100-45
Denlson, Prior
and Boston
& Co., Cleveland
W. O. Gay & Co., Boston
Adams 4 Co., Boston
Jackson 4 Ctirtis, Boston
100-87
100-245
100-19
100-131
— —
THE CHRONICLE.
1748
Date, April 1, 1905. Interest, semi$1,000.
Maturity, $10,000 April 1, 1912, f5,000 April 1, 1981,
and 130,000 April 1, 1922.
Condon, Ore.— Bonds Voted,— This place has voted tojiseue
),0C0 water- works bonds.
Cook (Neb ) School District.— Bond Election.— An election
will be held in this district to vote on the question of issning
|5,C00 school-house bonds.
Cresco (Iowa) Independent Sehool District.— Bond Sale.
—On April 20 the $23,000 i% bonds described in V. 80, p. 1253,
were awarded to John Farnsworth of the Bank of Cresco at
100'50.
The following bids were received:
John Farnsworth, President Bank of Cresco, lOO'SO.
Geo. M. Bechtel i <3o., Davenport, J<3,063.
DeEomination,
annual.
"
First Nat. Bank, Chicago. $33.0S!5.
S. A. Kean, Chicago, $i3,0ia 50.
Cresco Union Savings Bank, par and interest.
American Securities Corporation, Cedar Kaplds, par less expenses.
N. W. Halsev * Co., Chicago, par less $131 commission.
Rudolph Kleybolte & Co., Cincinnati, par less 1200 for bond blanks.
MacDonald, McCoy & Co., Chicago, par less $266 for bond blanks.
[Vol.
lxxx
Fairfield (Neb.) School District No. 18.—Bond Offering.Proposals will be received until 8 p. m., May 15, by Chas. H.
Epperson, Secretary, for $15,000 5% registered school building
bonds. Denomination, $1,000. Date, June, 1905. Interest
annually at the Chemical National Back, New York City.
Maturity, $1,000 yearly in June from 1907 to 1921, inclusive.
The district has no debt at present. Assessed valuation,
$175,471.
Fairmont, Minn.— Bonds Fofed.— This place has voted to
and $18,000 water and light bonds.
Fairmont, W. Ya.—Bond Sale.— The $180,000 5% 5-30-year
(optional) water bonds offered on April 25 were awarded to
issue $10,000 sewer
W.
J.
Hayes
&
Sons, Cleveland.
See V.
80, p. 1485, for de-
scription of bonds.
Fairmont (W. Ya) School District—Bonds Voted.— It
(P. 0. Brainerd), Minn.— Bond Offer—Proposals will be received until 2 p. m. May 2 by A.
Crow Wing Coanty
ing.
—
:
Mahlnm, County Auditor,
for $11,085 77 6^ ditch bonds.
Interest, annual. Maturity, ten years,
subject to call after two years.
Denomination, $100.
Crystal Falls (Mich.) Sehool District —Bond Election.election will be held on May 1 in this district to vote on
the question of issuins: $40,000 school-house bonds.
Danforth, 111.— Bonds Authorized.— The Village Board has
authorized the issuance of $3,000 5% water-tower bonds. Denomination, $500. Date, April 15, 1905.
Dan forth, Pine Connty, Minn.— Bond 0#enngf.— Proposals
will be received until 1 p. m., June 3 by W. J. Wheeler,
Town Clerk, for $2,000 ii road and bridge bonds. DenominaInterest, annually on July 1. Maturity, $200
tion, $200.
yerrly on July 1 from 1910 to 1919, inclusive, Authority
An
is
stated that this district on April 22 voted to issue $150,000
building bonds.
Fayette Coanty (P. 0. La Grange), Tex.— Bonds Begistered—k'old in Part.— The State Comptroller on April 20
registered $43,000 4^ 10-40-year (optional) refunding courthouse bonds of this county bearing date April 17, 1905. Of
this issue, $20,000 were purchased on the same day at par by
the State Board of Education.
Fort Bend County, Tex.— Bond Sale.— On April 30 the
State Board of Education purchased at par $6,000 ii 5-40-year
(optional) jail-repair bonds, dated Nov. 15, 1904. These
bonds were registered by the State Comptroller on April 11,
Fort Frances, Ont.— Debenture Sale.— Oa April 15 the
$20,000 5^ 20- year municipal- building and fire-protection debentures described in V. 80, p. 1192, were awarded to Geo. A.
Stimaon
Co. of Toronto at 100"50 and interest. Following
are the bids
&
Geo. A. Stimson & Co., Toronto.120,100
Loudon & Canadian Loan Co.
. .
20,07&
1
I
O ntario
Wm.
Sec. Co., Toronto
C. Brent, Toronto
|20,056
19,618
36, Laws of 1903.
Garden Grove School District, Orange Coanty, Cal.—
Donglas County (Wash.) School District No. 43.—Bond Bond Election.— An election will be held on May 13 to vote
Sale.— Oa April 15 an issue of $1,500 refunding bonds was on the question of isguing $12,000 school-house bonds.
awarded to A. E. Bryan of Seattle, at par for 6 per cents.
Goldsboro, N. C.—Bond O^erinflf.— Proposals will be reDenomination, $500. Date, April 15, 1905. Interest semi- ceived until 12 M May 15, by D. J. Broadhurst, City Clerk,
Chapter
,
Maturity, ten years, subject to call $500 in eight
annual.
years.
East Grand Forks Independent School District, Polk
Connty, Minn.— Bond i^aie.—This district on April 3 sold to
the State Investment Board at par an issue of $26,000
building bonds. Denomination, $1,000. DAte, July 1, 1905.
Interest, annual. Miturity, July 1, 1919, aubjeot to call at
any time at the option of the district.
East Palestine (Ohio) School District.—Bonds Voted.—
This district on April 11, by a vote of 197 to 88, authorized the
H
issuance of $19,000 school-building bonds.
Elk Eiver (Town), Sherburne County, Minn.— Bids Rejected.-The highest bid received April 22 for the $7,500 6-20year (serial) bridge bonds described in V. 80, p. 1258 was
that of MacDonald, McCoy & Co., of Chicago, at $17 premium
and blank bonds for 4J^ per cents. All bids were rejected
and, we are advised, the money will be obtained from the
State.
—
Bonds Authorized by Legislature.
authorized by Chapter 216, Laws of 1905, to
issue $6,000 dyke bondp,
Eimonte (Cal.) School District.— Bonds Voted.— By a vote
of 91 to 10, this district on April 8 authorized the issuance of
high school bonds.
$16,000
El Paso, Tex.— Bond Sate.— The $50,000 5% 20-40-year (optional) school-building bonds offered on April 13 were
awarded to E. H. Rollins & Sons, Chicago. See V. 80, p.
1253, for description of bonds.
Eiroy (Wis.) School District No. &.—Bond Offering.— Proposals will be received until 6 p. m. to- day (April 29) by
J. M. Dix, School Clerk, for $8,000 45S coupon bonds.
Denomination, $6C0, Date, May 1, 1905, Interest annually in Feb.
at the office of the School Treasurer. Maturity, $300 yearly
on Feb, 1 for ten years. Certified check for 2%, payable to
the School Treasurer, required. Bonded debt at present,
Ellenvllle, N. T.
This village
is
H
$16,000; floating debt, $10,000.
—
Elyria, Ohio. Bonds Authorized. It is stated that the
City Council has passed an ordinance providing for the issuance of $14,500 East Avenue paving bonds,
Emily, Crow Wing Coanty, Mian.— Bond Ojferinflr.— Proposals will be received until 2 p. m, May 20 by S. H. Anderson, Town Clerk, for $2,000 bonds- rate of interest to be
named in bids. Maturity, $400 yearly from 1910 to 1914, inclusive.
Erie Coanty (P. 0. Buffalo), N. Y.— Bond Q^cringr.- Proposals will be received until 11 A. M. to-day (April 29) by
Fred O. Murray, County Treasurer, for $150,000 8^i registered armory bonds. Date, May 1, 1905.
Intertst semiannually at the office of the County Treasurer. Maturity,
$10,000 yearly on November 1 from 1906 to 1920, inclusive.
Certified check for 2% of the amount of bonds bid for, payable to Fred. O. Murray, County Treasurer, required.
Eureka School District, Humboldt County, Cal.— Bond
Election.- An election will be held May 2 to vote on the
question of issuing $66,000 i}4% 1-22-year (serial) schoolhouse bonds. Interest, semi-anunal.
Evanston (111.) Sthool District No. 76.— Bonds Voted.—
This district on April 15 authorized the issuance of $55,000
echool-building bonds, by a vote of 756 to 780.
are informed that it will be several months before these bDuds will
be offered for sale, as no money will be needed prior to July
1, 1906, at the earliest.
We
for $18,000 A^% bonds. Interest, semi-annual. Maturity, 30
years. Certified check for $250, payable to the City of Goldsboro, required.
Graham, N. C.—Bond O^ering.- Proposalswill be received
until 8 p. M., May 8, by W. R. Goley, Secretary, for $10,000
5% 30year school bonds. Denomination, $1,000. Date, July
Interest semi-annually in Graham. Town has no
1, 1905.
debt at present. Assessed valuation, 1904, $1,028,000.
deposit of $500 required.
Grand Island, Neb.— Bonds Fofed.—This city on April 4
voted to issue $35,000 bonds for a municipal lighting plant.
A
—
Hamilton, Ont. Debentures Proposed. The City Council
has decided to ask the Legislature for authority to issue
$80,000 debentures to pay city debt and $20,000 debentures to
extend water mains.
Hamilton Coanty (P. 0. Chattanooga), Tenn.— Bond
Offering. Further details are at hand relative to the offering
on May 4 of $100,000 4i^i coupon funding bonds. Proposals
for these bonds will be received until 12 M on that day by
Denomination, $500. Date,
8. M. Walker, County Judge.
April 1, 1905. Interest semiannually in New York City.
Maturity, April 1, 1925. Bonded debt at present, $30O,0OD;
floating debt, $94,000, and will be retired by the present issue.
Assessed valuation, $25,000,000.
Hammond Township, Spencer Coanty, InA.— Subsidy
Fofed.— This township on April 12 gave 86 majority in favor
Ohio Valley Tracof a subsidy in aid of the Indianapolis
—
&
tion Co.
—
Hampshire, 111.— Bond Vote. The vote at the election
April 18 on the proposition to issue $3,000 sidewalk bonds
was 80 for to 73 against the issue.
Hardy, Neb.— Bonds Voted.— It is stated that the voters of
this town have authorized the Issuance of bonds for water
purposes.
Helena, Mont.— Bonds Defeated. The election April 3 resulted in the defeat of the proposition to issue $150,000 funding bonds. The vote was 101 for and 366 against.
Hempstead (N. Y.) School District.- Bonds Defeated.— At
a school meeting held April 18 a proposition to issue $60,000
Bchcol bonds was defeated.
Henderson Township, Yanee Coanty, N. C.—Bond Offering.— Frogosals will be received until 4 p. M., May 24, by the
Board of Trustees of Henderson Graded Schools, J. L. CurAurin. Secretary, for $20,000 6% 5-24-year (serial) bonds.
thority, vote 410 to 6 at election held April 11, 1905, Denomination, $1,000. Date, July 1, 1905. Interest eemi-annually
at the Citizens' Bank of Henderson. The township has no debt
of any bind at present. Assessed valuation 1904, $8,029,345.
Purchaser to furnish blank lithographed bonds free of
charge.
Highland, Wis.- Bonds Defeated,— It is stated that this
place recently voted against a proposition to issue $7,000
electric- light-plant bonds.
—
Holden, Mass.— JVbfs Sale.— The Water Commissioners recently sold to the Worcester County Institution for Savings
water notes.
an issue of $55,000
mi
Holdrege (Neb.) School District.— Bonds Voted.— Thia
district on April 4 voted to issue $17,000 high-school- building
bonds.
Hollywood, Cal.— Bond Election Proposed.—The Board of
Trade is in favor of submitting to a vote of the people a prop
osition to issue $15,000 bridge and culvert bo ads.
<
Apr.
29, 1905.
1
THE CHRONICLE.
|
Holton(Kan.) School District.—Bonds Fo«ed.— The
elec-
H
XTrfqutr
W. J. Hayes &
Sons. Cleve... 12,674 00
&
Stock Co.,
12,540 00
William RCompton
Adams* Mosier
Middletown, Conn.—Bond Sale.— Oa Anril 2.'5 fh« 47i nnn
20.year refunding bonds descrlbed^in
V. 80 p^ 1385
were awarded to W. O. Gay & Co. of
Boston aV im^ssarf^
8H%
ia,400 00
12 860 00
Bros., New York
lOO'Sll Bioda-^t \i*»£?;i^°^*°°v;-- v-lOO'^S?
Mineral Wells, Texi-Zndi
S^MrerAusS^^eTthS
^'' ''^'''^ "° iBsue of $2,000 SeVand
Kountze
?mi'l®J^'^^"'^5?'°S^'T0led0 12;382 50
AlbertC. Case. New fork.... 1210100
sewe^ndT'"
Minneapolis,
'
Minn.-Bond
OJerinflr. -Proposals will be
received until May 18 by the Finance
Committee of the 'Board
of Court House and City Hall
Commissioners, for $250 000
5Hi court-house and city-hall bonds. L. A. Condit is Secretary to the Commissioners,
detention of contagious diseases.
Sjeubenville), Ohio.-Bond Sale.
-On April 22 the /nf.?—Un
following bids were received for the
850.000
*""."""
Infirmary bonds described in V. 80, p. 1436:
*
mu«^« T-.1
Thos.
Johnson
»50,750 00 W. J. Hayes & Sons. Cleve..
.|50,158 00
Kleybolte & Co., Cincinnati.. 50,340 00
Seaongood* Mayer, Clnoin.. 50,333 75 Hayden. MiUer & Co.. Cleve. 50.141 00
H
NUU^k
sr^o»y%ri^.«,r^^^^^^
Mich.-Bonds Proposed.-ThQ County
Ti^a^?^?"a^®"^*^'
Supervisors has passed a resolution requesting
the
?fo/A°^
authority to issue bonds fSrahoslita?
?nfth^H^''^H°^^^P°''
for
the
inM'thf
Sf'^On April
22?i;e%7rs^T5,^dil'h%^^^^^^
&
Denison, Prior & Co., Cleveland and Boston
$12,608 40
1749
dent for $100,000 water bonds at
not exceeding 5% interest
''''''^ P«^^^^« *° theTreaUr'l^ftfe
tion April 4 resulted in favor of the proposition
to iasnfi iftin
^ '
OOO
20-year high- school-building bonds.
Special
School
^9^^^}
Di8trict.-Bond8 Fofed.^S^Z^l^This district on April 11, by a vote of 44 to
4, antnorizea
authorizedthe
the
issuance of $8,000 schcol-house bonds.
HBmansTlile, Mo.— Bond Sale.— On April 18 the 12 nno
5-30-year (optional water bonds described in
V. 80 n 12r7
were awarded to Denison, Prior
Co. of Cleveland kt io5-07
" iw*> u
for 6 per cents. Following are the bids:
Donaldson Bond
St. Louis
'
?
-
The
official notice of this bond offering will
he found among
the advertisements elsewhere in this
Department
.^'^H\\^' Dak.— Bond OjTeriwgr.—This citv on Aor 18 bv
a vote
of 597 to 195, authorized the issuance
of^$60,000 5j'l0^
20-year (opt onal) sewer bonds. Proposals
for these bonds
"wuus
will be received until May 20.
Jersey City, N. J.-Bond Ojfertnflr.- Proposals will
be received until 3 P.M., May 17, by the Board:of
Finance, for
$600,000 i% gold coupon refunded assessment bonds.
Securities are dated June 1, 1905, and will
mature June 1, 1935.
Interest semi-annually on June 1 and
December 1. Bonds
will be delivered June 8, the purchaser
paying accrued Interest to day of delivery. Certified check for
2^ of the par
value of the bonds bid for, payable to the City
Treasurer
required. George R. Hough is City Comptroller.
The offlcial notice of this bond offering will be
found
among the advertisements elsewhere in this Department
nnH? **ln®^/5"T^P*l'^
?2 0nnnn(?V'i^/^*'
ioQ
Date
Jan.* 1
ing^.-Proposalfl will
Q^f
J- I^yo^s- .Mayor, for
be received
approximately
Danomination,
"""^/"^ ^.°°^«'
Vn ? ToT^/f
Interest semi-annually.
1936,
Maturity,
Monett (Mo.) School District-Bonds Fofed.-This
dis*° '"'''" ^'^^'^^^ Wgh-school-building
^°*^^
^
bonds.""
Monrovia, Cat—Bonds Voted and Defeated.-On
April 19
MIss.-Bond Blection,s&5T??o'vTf *? f ''^ *^® following bonds carried. ^
Jones Connty (P. 0. EllisTille),
probable that an election will be held in this
countv to
vote on the question of issuing $50,000 court-house
bonds.
Kansas City (Mo.) School BiBtrict.-Bond Election.-On
It IS
''?''^°^
r*X«r
'»''°<Js-
dated June
1905,
Vhl^i^^^^l^^J^^^^^l^
The
propositions to 188U9 $10,01)0 5% public-building,
$15 000
6 the proposition to issue $1,000,000 8}4i school-hou3e
^^^^ '^' ''''''' ^'^^^^^^^
bonds, to mature July 1, 1925. will be submitted
It
to a vote
ha Crosse, Wis.—Bowds Authorized.— The City
Council
district Wright Connty, Minn.-Bond
has authorized the issuance of $100,0r0
^Jf^^^'^^^^^-^^^-^l
high-school bonds.
a* par the $6,000 of
Lake Charles School District, Calcasieu
ttiir«^w?hin?^^\'°^5*°*^«S^^*«
^^^^'^^^S '^o^^s mentioned in the Chronicle
Bonds Voted -This district on April 18. by aParish La
4
vote of i 25 Marti
^"'^ *"^ 100 (property value $128
655)
W<^^'-Bonds Proposed.-The Issuance of
£S«?*L?Hr,^^?;?^^)
«^**»orized the issuance of $35,CO0
$110,000 bonds is beirjg considered by the City
5i school building *i?S"n°nni^*!?"^"?.'
h^nii^*'
Council
bonds. These bonds, we are advised,
will most likelv
Miincie,Ind.-Bonds^Mf;ion>ed.-The City Council has
^ be
offered for
1,
May
riJtTd^falreWSy?^
—
sale
some time
May.
in
?f?.--:?onds Fofed.-The proposition to Issue
tan nnn°Jf^"v.'
$20,000
city-hall bonds carried at the election
April 4
r^i."iff-?'-
OWo.-Bo»d« Df/eaied.-The
election held' April 17
proposition to issue $5,oKefic-
ien?y bonds!
$T9KriVe^^bo^S"^^
'''''''' «^-t.impi:o?e°iSr a'n?
Ohio.-Bond ^aZe.
-On A?rir2n^fhr?*'^P'
fl"^®^'^^™"*^'
to^^ehlp
sold $5,000 abroad bonds to
W
T^JIAq^^"
J.
W.
Hayes & Sons. Cleveland, at 102'82 and interest.
New Lexington, Ohio.-Bond Q^ermo.— Proposals will be
Fo«ed.-ThIs
l<>^--?o^^
place
on
April
11
rr^^J^n^^^'
voted
\^ ^" ^^^^ ^^' ^^ ^"^^^ ^- Gne.vCge Clerk'
to issue bonds for water purposes.
Jo? $6,000
*6 nnnT."i
for
5^ 2.7-year (serial) coupon street-paving bonds Del
Lorain, O.—Bond Sale.-Oa April 26 the
$83 000 4^i nomination, $1,000. Date, April 1, 1905. Intf
rest semistorm-water^ewer bonds described in V.
80, p! 1254 w?re
^^"^1°* Village Treasurer. Accrued interest
?oZ'"/.fi ^t
Certified check for 10;? of bonds
°! ToJedo 'at^01.704Tnd
iSesf *i^SK?,?r.^i°^^
Wrl^nr^^o
^T ^.^'^^^^'^'a
for, payable
-^ ^^" "s^ o' *^e bids received will be given next bid
to Chas. H. Bell, Village Treasurer, re
quiredL
week
?^?^''^^'' ^^'^"^^^ ^la°^ bonds free of'ch2?ge.
^"iS^^'i"'
District-Bond
Offer ing.-Pr or>o^'-Bonds Authorized by Legislature.—
«oi^*^'"mV*^***®? ^^^^^^
rpifl^n ^<>«*«1A®' ^'
^^- ""' ^«y22, byi. E?HopSns.
authorized by Chap er
ottrTc (^lerk,
iJistnct
ClLT?.??^^
for the following coupon bonds
TrfrS^'^f^-^^
*4l.^^*y^«
286 Laws
of 1905, to issue
$15,C 00 bonds for an ^sessment
n2,000 W 8erl^«;'A»^bond^s,matnrlng $1,000
each
m
•
six months' from Feb.
^
vote Of 430 to 148 at election held April
5
^""^
?nr «Rnr?''P*''*^
^J
Education.
^h ^?*^*1 °^ required
Issue.
ng
is
1910.
anihorized by a
Denomination, $500. Interest on Feb. 1
and Aue
Chase National Bank, New York City. Bids
mutt be
l^^J^^^°y°^^Pf^^inhoTaln
1.
1 at
the
made on
Certified check
with bids for each
Accrued interest to be paid bv purchaser Thla
nfFmthe same as that published by us^S
week eiceot fhat
'^'' °° *""' ^'''''' '''^' '""'^"^ ^^^« rfadl^* in-
s?e'ad°of4t
favor Of ft?Xoti?fon
?
bonds. Date of sale not yet
fs?ue*'4'°OOoTwJ'''?'^
^a^^e^-plant
t'o
Simlned
Mo.— Bonds Fbfed.— This
KSonds.''''"^^
^P'^" ' *°
H. Chevyneuy
Queens Co. Tr. Co
Edwin Sommerich ....
''''''
place
it
is
atatod
$5,roVe\ecL1?gh't:
Richard Williamson..
William D. Broun
Peter J. MorrUou....
J. H. Benjamin, M. D.
Rochester Trust
Safe Dep. Co
selVr^pTpo^ae's'^''^^'^'^'
Foted.-By a vote
*^' '^^"^"
'^
of 688 to 161
°^ bonds for water'
District-Bonds
Defeated.-This
di8^r^c?on%H.^R**'^,^?•'^
^^ ""^''^^^^ * proposition to issue $10,000
5$ schoo? bon^d^'
iBdependent School Distriet.-Bonds
iJ^fsJltS^"' F®-*-^
Sffiw^n";:t°HT®.°f ^¥'^^ 6^ 15-20-year(optional) sohool-
KSm'SV'rrAt^^^^^^
A5fl'27 fo^thS'sfio nfinr/^'
"^^«*-«^ ^^^^«
i?e/ecfed.-All bids received
Commonwealth
Co
i
]
Co
&
(
I
Emil Nessi
K. MovOKllonl
Caroline L. Richards
Isaac
W.
SherriU
& White.
Geo. A. Fernald
Amedeo DePrado
mond ..
&
Rlch-
Mackay&Co
!
Benedict,
^eo^.ct .rysdale,
Dryedale
Th«.«o.
T^«
i"^'
$100,000.. 101 -279
100.000.. 101-079
100,000.. 100-799
500,000.. 101-25
800,000.. 101-13
'^°^'^°
l,°oo'oM
500,000.. 100-90
600.000.. 100-80
600,000.. 100-70
.^.ZVl^l-]!,
60,000.. 100-65
170,000.. 101-76
Edward Canfleld
25.000.. lOriSl
8,000.. 101-75
?5,0C0.. 101-10
o„i,^'/*
n """^
2,000. .101-50
S'^
>f fer Bros
600,000..
101-10
101-75
«,«v.v,
8,000.. xi,.
,o
OtU) F. Jentz
6 000. 101-00
10,OC0..101-6y
EoBene wiPfler
l,ooo..loi-00
10,000.. 101-50
A. Banks 4 Co
25,00u.. 101-00
1.000.. 101-50
160,000.101-0889
l?«»to,
fc
T
f
60,000.. 101-43
j-oster
Louns-I
150,000.. 100-889
50,000.. 101-415
"ery
150,000.. loo-flOl
]
6P,00O..lOl-315
150,000.. 100-591
tri.^^
.
50,000.. 101'216 T n K''«nert
85.000.. loroOO
.
50,000.. lOl-llS W.J.
Ilardlnir
1,000.. lol'OO
50,000.. 101-015 Harry Austin Potter.
500. .lOl-Qo
50,000.. 101-11
50,000.. 100-90
..
„
o
.
f
,^v.,v>/v
50,000.. 101-31
Saiigerties Savings
6o,ooo.. 100-85
10,000.. 101-40
BttQk
60.000.. 100-80
200,000.. 101-31
100,1.00.. 100-75
_
I
, ,
^ ^,
I00,0oo..]0i-li
John
B. Dodd
600,0f O. 100875
lO.OtO. 101-30
Geo. C. Warren Jr
1",000. 100-75
600.000.. 101-20
Aslel &Co
500,000.. 100-64
600,000.. 100-61
(roldiuaQ, Sachs & Co. 1,000,000. 100 -59
10,000.. lOriiO
Franklin Trust Co.... 100,000.. 100 47
125,000. .I0i'80
Harvey Kisk & Sons
125,000.. 100-60
KIsk ARoblnson and
5,C0J.. 101-18
Win.SalomontCo.il, 379,000.. lCO-413
.
w
Otto E. Lohrke, Rosen A Co
A. Baur
H. LeeAnatev
a.
i.ee Anstey.
victor.!. Caroli
50,000.101-''6afl
Rhoades
&
f
Moflat
$1,000.. 103-25
100,000.. lOij-40
100.. 102-60
30,000.. 10-2-25
100.. 102-00
10,000.. 10200
6li0 .102-00
50,000.. 102- IH
50,000.. 102-01
60.000.10l'3:<83
6,000.. 101-876
Ins.
J.R.Edwards
Co.........
Offerin^/.-PropoBah will be received
nnH?^9"»\?'
until 2 p, M., Ir^n""^
May 9, by William B. Bobbins, Village
Presi-
&
n. Austin Clark
Xilncoln, LCaswell
fv,^*?/**''^''®'.,***'*'-"^^*'
Lnd
mnlm
J.
Loveland (Colo.) School District-Bonds
Fofed —This
^ M^M,'''' nf °^^^ ^°i"^ *^° ^«^°« ^37,000 school bonds.
McMinnville, Ore.-Bonds Foied.-The election
Anril 10
Madison,
^,'^?^*? *i8S.-Bonds4M<^on>ed.-The Issuance of *iy,tuu
$10,COO
5^ street k'
bonds has been authorized.
<^"y--^«»^ 6'a/e.-The sale on April 24 of $25,000,000 l2?
^%% corporate bonds of this city attracted 67 bids
^^« $22,000,000 3K^ 49>^-year stock
^If
„To"^^^^^?'^^^'^°°was awarded
at an average price of 100712-a basis
of about
*^® $3,000,000 iy^i 91^-year assessment bonds
hronihf
u*^
brought an average price of 100081-a basis
of about
"-^^ut o
3'49!g.
tvf,,
The awards were as follows :
$21,000,000 Stock Exemvt from all but State Taxes..
J
I-
I
i
^
.
&j
}
Onondaga Co. Sav.t
.
,
••;-.••• <
n^''?^\Vr-iV
Gerald W. Hopkins..
a
J
Stoc^— Exempt irom all Taxation.
103-01
Standard Trustee... ?IC 0,000., 102 50
|2,OflO..
„400..^0^00
Frederick Horn Jr....
100.. 10300
2.f 00. .103 00
Martha M. H( pers ...
Shenill
Isaac M.
5,000.. 102-80
^B-^Jk \'i\^f,n
Jl.OOO.OOO.'Ltbrart/
•W. L. F. MartenB
Frederick
[YoL. Lrxx.
THE CHRONICLE.
1750
Horn
Citizens' Sta'e
Jr....
BaLk,
Fredonia, N.Y
E. Oppenljelmer....|
7aO,500..101 65
Macbay & Co
25,0(0.. 102-50
25.000.. 103-26
Board of Education was aut lorized
building bonds, to mature one bond
to 1924, inclusive.
District No.
Palmyra School
1,
to issue $8,003 4i< coupon
($1,000) yearly from 1917
„
Wayne
^
^
^j tr
County, N. Y.—
208, Laws of 1905, authorizes
this district to issue $12,000 school bonds.
„
„ ,
Bonds ^M^/ionzed.- Chapter
Palo Alto High School District, Santa Clara County, Cal.
$3.0CO,000 Asstssment Bondi.
Sale.- Oa April 17 $13,000 5% 6-11-year (serial) highschool- district bonds were awarded to the San 'Jose Sa'e
Deposit Bank at 105-737. Danomination, $1,000. laterest
'Wm.&alomon&l-o:i.4e9.900..100-05
100-45
lO.OCO..
Bemheim
G,
annually on Jan. 1.
^.
^
^
n i
are
Palo Alto School District, Santa Clara County, Cal.-The bids received not covered by the above allotmentscomBond Sale.-Oa April 17 $25,000 5% 11-18-year (serial) school
the following. The two together furnish a
shown
bonds were awarded to the San Jose Safe Dsposit Bank at
plete record of all bids :
108 876. DdDomination, $1,000. laterest, annually on Jan. 1.
(any)
InZtl^
.
„
T.. ,.
..f $22,000,000 Stock
mu\
nur
.100-897
Fisk &
ornone
.-.
all
Harvey Flsk & S'lns, JFis^kft
^,w/vv,„..
or 22,000.000
Parfeer County, Tex.-Bonds -B«9*ffered. -The State
•l'.0-f'5
Koblnson and William SaloS.OnO.OOO as'seasnTent bonds (any)
registered on April 15 an issue of |35,(JUJ 4%
ui
none.uo
Comptroller
or
all
moa & Co.*
or 3 000,00 afsess. bonds,
stock
brary
2,000
SS k
10 20-year (optional) britlge bonds dated Apr. 10, 1905.
2,OCO stock
W. L. F. Martens*.
lor
iAT.-?
loi
gi
Parkers Prairie (»ina.) School District.— Bonds Foted.
200,000 library stock
(any)
2OO,C00
or
—The election April 10 resulted in a vote of 108 to 28 in favor
,ni.ri
H. Lee Anetey*
l"i ].t
100.000 stock
l"}
of the proposition to issue $16,0)0 ii 5-20-year (serial) schoollibrary stock
1,000,0'
^2
oOO.COj stock
ir\-i%
house bonds. These bonds, we are advised, will be sold to
.^00,000 stock
Jo,.,,S
lOlOO
the State.
.500,000 stock
,„ j
.
^.
niu«
Mackay & Co."
90
t00,0C0 stock
J00
P«kin (111.) School District —Descripfton of B jJids^The
500.1 CO stock
lXn.?X
$20,r03 i% building bonds recently awarded to H. J. Herget
600,000 stock
?nn-l?r
of
gCO.OOO stock
fM-an^ of Pekin (see last week's Chronicle) are in denomination
library stock.....
BOO.O
,„?..,«
Maturity,
annual.
John B. Dodd».
Interest,
Date, July 1, 1905.
$1,000.
1,50 >,0CO assessment bonds
\){, zX.
10,000 library stock
]Y,i.i,
yearly.
bond
one
_
^
.„ ,
« j
stock
library
10,000
J nf, "
Bonds
£lVlleS^^-
:•.•.::
roo1::l°or-fn?2l*^?cti^.:rS:.i.!»::io%:fo
—Bond
m
I
!
..,
—
.
>
I.
1.
-
,
-^
M. H. Hauser
Mrs. E.
J. S.
10,00(1 library
S.
Bache
&
Co..
H. Austin Clark*
Gerald
slock
library stock
library stock
library stock
llbrAry stock
R. T. stock
t^.OOO library stock
6,000 library
6,000 stock
100.000 stock
100,000 assessment bonds
100,000 water stock..
10,000
100,000
150,000
250,000
6,000
Tnmey.
(
or
W. Hopkins*.
Franklin Trust Co...
Hamilton Trust Co..
Wm. M. Earl
'
ior
.
10,(100
assessment bonds
.
G. Heaton
Mt. Vernon Trust Co
Ada
Mechanics Bank, Brooklyn.
Coal
*
&
Iron JSatlonal
This
is
Bank
the complete
bid,' only part
8,000 stock
50,000 (any)
250,000 stock
100,000
PoDryn School
i^n ij
JkJi i„
iY,?ri
10^ on
FofeJ.- This district
building bonds,
JSoA,'>5
to
resulted in a vote of 899 to 98 in favor of the proposition
and
issue
of
details
Full
bonds.
issue $30,000 water-works
date of sale not yet determined.
„ j o 7^
Pike County (P. 0. Troy), Ala.— iVo ilfore Bonds ^ofd-are advised that this county has not sold any of the
}„T Vq
ixl. 'o
2
Jpl
l''«
lui-
7
f
io
a
lOO (o
loo;0o
.k)^
,
100 00
lOu.op
100 00
of -which was accepted.
bonds.
,
„ „
Aiken County, S. C.—
District,
School
North Angasta
school-buiWing
Bond Sale.— The $12,000 Qi 1-20-year (aerial)
bonds voted on March 18 have been sold to John W. Dickey
of bonds^
of Augusta. See V. 89, p. 1497, for description
|100,000 4i
Sale.-The
^ North Fort
Worth, \Tex.-Bond
offered
bonds
water-works
gold
coupon
(optional)
25-40-year
without Eu^cess on Feb. 20 have been taken at par by the
McQaattera Machine & Pumping Co. of Hillsboro. See V.
See V.
80, p, 1437, for description of
bonds.
North PJatte, Neb.~ -Bond Oferin g.— Proposals will be received until May 25 by William Yost, City Clerk, for $30_000
Dai% 5-20-year (optional) sewer bonds, dated April 1, 1905.
semi-annual.
Interest,
$1,000.
nomination,
Nje County (P. 0. Belmont), Nev.-iSond Sale. -This
county has sold at private sale to a local bank an issue of
135,000 court-house and jail bonds.
Oakes, N. Dak.— Bond OJ'eririsr.- Proposals will be received at any time by C.A.Newton, City Treasurer, for
$20 COO 5% gold coupon water and sewer bonds. DenominaDate, about May 1, 1905. laterest semiannution, 11,030.
Cirtitied
ally in New York City. Maturity, twenty years.
present,
at
$5,000;
debt
Bonded
required.
check for $1,000
flmting debt, $1,891. Assessed valuation, $231,184.
Ocean Park, Cal.— fiond Qferingr.— Proposals will be received until May 1 (originally offered on Mar. 23), by the City
Trustees, for the $20,0t0 5% 1-40-year (serial) sewer and the
bonds
15,000 5% 1-23-year (serial) fire-department coupon
voted at the election held Jan. 30, 1905. Denomination,
sewer, |500; fire department, |250 each. Date, May 1, 190).
Interest semi-annually at the office of the City Treasurer.
Certified check on some bank in California for 5% of bid, payable to the City Treasurer, required. The city has no bonded
debt at present. Assessed valuation, $3,000,000. P. James
is City Clerk.
„ ^ . . ^
Oklahoma City (Okla.) School District.— Bonds Voted.—
By a vote of 2,776 to 915 this district on April 4 authorizad
the issuance of $60,000 5% 20-year building bonds. Date of
sale not yet set.
^
^, ,
„ j
Oklahoma County (P. 0. Oklahoma City), Okla.— Bond
EkcUoa Propcaed.—A petition is beicg circulated calling for
a epecial ekction to vote on a proposition to issue $30,000 jail
and $10,000 court-house furnishing bonds.
Omaha, Douglas County, tieh— Bond Oferingr— Proposals
80, p. 236. for description of
Placer County, Cal.—
on April 8 voted to issue $6,000 school-
District,
10" <o
.,
-»
^.
^,
Perrysburg, Ohio.— Bonds Voted.— The election April 23
.
.
We
$151000 road bonds voted last November other than the
Bank
$50,000 awarded on Dec. 19, 1905, to the First National
will be
of Troy; also that no additional bonds of this issue
placed prior to 19 36.
^ ^ ^^ ,
n
Pima County (P. 0. Tacson), Ariz-Bond O/erfnflr.-Pro.
posals will be received until May 22, by John Metz, County
Clerk, for |3),000 5% bonds. Tnese bonds were originally
offered on April 17, but an error in the advertisement necessitated a postponement.
, „ i
„
n.
Polk County (P. 0- Des Moices) Iowa —Bond Sale.— Oa
April 24 the $350,000 4;^ court-house bonds were awarded to
at 103 003 and bond blanks, Fol'S Moines
M. Gatver of
D
C.
lowing are the bids:
M. Garver, Des Moines $360,510 00
G.M.BechtelcSt >o.,Dav'pVt. «f8.003 00
C.
.
.
Sons, Oleve.. 35',553«i0
Denlson, Prior A Co., Cleve|356.863 00
land and Boston
B H. Rollins & Sons. Chic... 355,«16 00
J. Haves*
Pearson. Leach & Co.. Chic. 355,425 00
Iowa National Bank
?^'^,'?';gS°
N.W. Halsey & Co., Chicago. 86M05 03
Denomina-ion, |1,000. Interest semi-annually at Das Moines.
M»tarliy, yearly on Oct. 1, as follows:
W.
$10,001 in 1910.
10,000 in 1911.
15,0 OiQ 1912.
15,000 In 1918.
115,000 in
IS.OOJln
15,000 in
15,000 Jn
1914.
1915.
1916.
1917.
J:0.000inl9l8.
15.000 in 1919.
20.C00 In 1H20.
20.000 in 1921.
$20,000 in 1922.
20.000 In 1933.
25,000 ia 1924.
Pontlac (Mich.) Union School District.— Bond Saie.-O
April 18 $250,000 5% 10-year school bonds.were awarded to
W.Noble & Co. of Detroit at 108-53 and interest. Da-
H
nomination, $1.C0D. Dited, May 1, 1905. Interest, semiarnually at the Chase National Bank, New York City.
Portsmouth, Ohio -Bmds Defeatei.—The proposition to
the elecissue $250,000 water-works bonds failed to carry at
tion April 10.
^^
,
Portsmouth (Ohio) School District.— Bond Offering.—
Proposals will ba received until 1 p. m. May 20 by Wm. L.
R«ed, Clerk Board of Education, for $12.5C0 4;^ coupon
Interest,
bonds. Denomination, $500. D ite. May 20, 1935.
semi-annually at the Central Savings Bank Co. of P<3rt8mouth. Maturity $3,C03 on May 20 of the years 1923,1931
.
and 1925; $3,600 on May 20, 1926.
Qaltman, Ga.-Bond Sale.-Tha $50,000 5% 23K-year (averMarch 23
age) street and sewer bonds voted at the election
108-a
at
Chicago,
of
have been sold to N. W. Harris & Co.,
of
description
for
1498,
V.
See
p.
80,
about
4'44S!l'.
of
basis
°Readiiig, Ohio.-Bonds Authorizzd.—ThQ Village Council
of the
baa passed an ordinance providing for the issuance
electhe
at
voied
bonds
light-improvement
$27,000 water and
April
3.
held
tion
^
„ j tt j
Kedwood Falls (Minn.) School District.— Bonds Tooted.—
By a vote of 41)8 to 234 this district on April 10 authorized
issuance of $23,000 i% 20-y8ar high school bonds, These
the
Htinnmgs,
will ^le received until 3 P. M May 15, by A. H.
to the State.
lundiDg-renewal bonds. De- bonds, we are advised, will be sold
City Treasurer, for $100,000
date April 1 this town
Under
Zs'.Me.—
Bond
Mass.—
Revere,
nomiDation, $1,000. Date, June 1,1£03. Interest eeml annually
acting for
Springfield,
of
Goodhue
N.
over to Cha^
at tiie fiscal agency of the State of Nebraska in New York turned
in payment for
bonds
3}4i
$360,000
Co,,
Water
Revere
City. Maturity, June 1, 1925. Certified check for $5,C00, pay- tbe
In dethe water plant of tbat company. These securities are
able to the City of Omaha, required.
semilaterest,
April
1935
Date,
1,
$1,000.
of
Oneida, N. Y.- Band Sa/e.- On April 26 the $50,000 S^i nomination
to
1C03
from
April
on
1
yearly
Maturity, $13,0OJ
1-25-year (aerial) refunding water bonds described in V. 80, annual.
1935, inclusive.
.
„. * , ^
„ ^
p. 1437, were awarded to the Oneida Savings Bank at par.
-This
Rice Lake (Wis.) Schoal District. -Bonds Fo fed,
Osnaburg, Ohio.— Bond Election.— An election will be held
school-house
issue
to
$32,000
voted
has
May 3 to vote on the (laestion of issuing $3,500 5;^ village- hall district, it is stated,
bonds. Ddnomination, $812 50. laterest semi-annually at
^Rochester, N. T.— Bond Sale.-Oa April 24 the $410,000
tte office of the Village Treasurer. Maturity, $312 59 yearly
bonds described in
Sl^i 30-year registered refunding water
inclusive.
H
..
,
1 from 1906 to 1913,
to Mackay & Co., New York,
Owatonna Schcol District No. 1, Steele County, Mian.- V'80 p. 1437, were awarded
Following are tha bids
about
of
basis
a
101-78—
3-40J^«.
BondH Voted.— At a epecial school meeting held April 11, the at
on Aug.
:
:
:
Apr.
THE CHRONICLE.
29, 1905. J
Mackay & Co., New York.... $417,291 00 Kountze Bros, and E. H. Rollins & Sons
$113,37800
W. J. Hayes & Sons, Cleve. 416,574 00
4i2,0fll 00
Farson, Leach & Co., N. Y. 416,437 CO Blake Bros. & Co., N. Y
L.
D*y
Boston.
K.
... 411.S65 00
& Co.,
Denlson, Prior* Co., Cleve.
.
land and Boston
N. W. Halsey & Co., N.
Y...
.
415,809 70
414,2^3 00
I.
W.
Sherrill (for 150,000)
60,645 00
. .
0. Forsyth), Mont.— Bond Sale.'-OQ.
April 23 the $45,000 i% 10-20 year (optional) coupon refunding
bouds described in V. 80, p. 119% were awarded to N. W.
Hilsey
Co. of Chicago, at 101'029 and interest for 4^ par
cenfs. Following are tae bids:
N. W. Halsey & Co. (4>is)... $15,463 00 Kine & Co., MInneap. (4J^9).. $45,300 00
Saginaw, meh.— Bond Sale.— Oa Apdi 24 tbe $*iO,00'J ii
20-year refunding water bonds described in V. 80, p. 1493,
were awarded to W. J. Hayts
Son?, Cleveland, at 103 -471a basis of about, ^%%. Following are tbe bids
J. HayegASons, Cleve...|62,C88 00 Seasongood & Mayer, Clnoin. $81,071 75
a. li. Day & Co., Boston
61,025 39
N. W. Halsey 4 Co.. Chicago,
and Union Tr. Co Detroit. 61,820 00 Sav. Bank of East S glnaw 60,900 00
Bosebad Couiity (P.
&
1
&
W
.
,
Denlson, Prior
&
Co.. Cleve-
land and Boston
St. Beraard,
61,242 00
.
Geo. A. ITernald & Co.. Bost.. 60,102 50
B. D. Shepard & Co.. N. Y.
60,101 75
.
. .
Ohio.—Bond Election Proposed,— A special
on the issuance of street-improvement bonds
is being considered by the Village Council.
St. Lawrence, N. Y. —Bonds Legalized.— Chskptez 221 Laws
cf 19( 5 legalizes an issue of $8,000 bonds of this town.
Salem, N. Y.- Bonds Voted Bonds Defeated.— On. April 24
the proposition to issue $2,500 ii school-improvement bonds
carried by a vote of 65 to 45.
As stated by U3 Jast
week OE page 1433, proposals for these bonds will be received
election to vote
—
bonds
Maturity on July 1, $158,260 In 1906, $156,300 In 1907
and$131,''00in 1008.
427,000 3!^% Bchool be nds. Maturity on July 1, $8P,^ 00 in each of the years
1448,600 3H5« sewer bonds.
1910, 1911, 1913
floating debt, |3,900. Assessed valuation, |111,000.
De-
nomination, |2,000.
stated in local reports t^hat the City Conacll has rescinded its
recent action in awarding at private sale to N. W. Halsey
Co., of Chicago, an issue of |57,000 electric-light bonds, it
being the opinion of legal authorities that the sale of the
bouds without previous advertising was illegul. Bids are
irjvited by the Council until May 8 for these bonds.
&
Santa Rosa, Cal.— Bond O^ering'.— The City Council on
Apr. 10 passed an ordinance providing for the issuance of
$200,000 t)onds as follows:
gold coupon sewer bonds maturine $2,000 yearly for thirty years
for tbe next seven years, $1,000, ISOO and $500 for the ttree
years following.
72,500 4% gold coupf'U water bonds maturing $1,500 for twenty years. $2,000
yearly for .the next seventeen years, $a,5u0, 3,000 and $3,0l;0 respectively for fie three years following.
5.0C0 4% gold coupon fire-engine bonds maturing $500 yearly for ten years,
$72,r,O0 i%
ti.fioo
Shelby County, Tenn,
Court-house Bonds
CHICAGO,
ILLINOIS
(SOUTH. P*RK),
4 PER CEHT SE RIAL BOWOS.
The South Park Commissioners
cago,
fifteen
111.)
will
hundred
proposals
(1,500)
one thousand
dollars ($1,000) four
bonds until
(Chi-
receive
for
per cent serial
(4)
2:30 o'clock P. M.,
Wednesday, May
17, 3905,
at the office of said South Park Commissioners in the city of Chicago, 111.
Full information and form of proposal
may
be obtained upon application to the
undersigned.
E. G. SHUMWAY,
Sealed bids will be received up to 12 o'clock noon
MONDAY, THE 22d DAY OF .MAY, 1905, for $1,030,000 of non-callable bonds to be Issued by Shelby
County, Tennessee, or for any part of tbe amount
Said binds are Issued under the authority of an Act
passed at the 1905 sessi m of the Tennessee Legislature. Said bonds will bear the date of May 1, 1905.
and become due and payable fifty (50) years after
date and will bear interest from date at the rate of
3}4 per cent per annum, payab:e semi-annually and
evidenced by coupons; the bouds and coupons payable in Memphis and New York. A sinking fund will
be provided to pay the bonds at maturity and a tax
levied to pay the coupons as required in the said Act
Said bonds to be issued in
of the Legislature.
denominations as follows
100 $100 00 bonds.
200 $500 00 bonds.
890 $1,000 00 bonds.
Bach bid must be accompanied by a certified chect
for 6 per ceot of the amount of the bid; checks of
nnsuccissful bidders to be retun ed and check of
successful bidder to be held to secure his payment
for the bonds.
All bids must be sealed and addressed to Levi Joy,
SetTetary Court-house Commission, No. 51 Union
Street,
The
Memphis. Tenn.
right
is
In lwl4.
San Luis Obispo County, Cah—Sond Election.— The
County Board of Supervisors, it is stated, has called an
election for June 15 to vote on the qnestioa of issuing
$30,000 wharf bonds.
Santa ^na, CaL— Award Rescinded. —Bond Offering.— It is
NEW
EWJ-OANS^
1,000,000
LOANS.
and $67,e00
bonds.
San Fernando Union Righ School District, Los Angeles
County, Cal.— Bonds Fofed.— This district on March 31, by
a uranimcus vots (51 to 0), authorized the issuance of
NEW
1913,
;
improvement bonds.
Sanborn, Redwood County, Minn.— Description of Bonds.
—We are advised that the $6,000 lighting ann $4,000 indebtedness bonds recently voted will mature in ten years. Date
of sale net yet determined. The district has no bonded debt
$18,000 Hi 2 10-year (serial) high-school-building botds.
and
The above bonds will be issued in deacmiaations of
$500 and $1,000. Date, July 1, i9[)4. Interest semi-annually
Bids may be made for the
at ofaoa of the City Treasurer.
entire amount off --red or for any part. Certified check for 5^
of the amount bid, payable to Chas, W. Fay, Clerk Board of
Sapervisors, required with bids, it baiag provided, however,
that no check need exceed the sum of $10,000. Bjnds are
part ot the issues authorized at election held Srpt. 29, 1908,
and their legality hfts been paesed upon by the State Supreme
Court. See V. 79. p, 798.
Sattj Jaun County (Wfesh.) School District No. 16.— Bonds
Not Sold,— Th.<i $1,500 bonds of hla district ojffered oa April
15 were not sold.
Sau Lois Obippo (Cal.) School District.— Bonds Voted.—
This district on April 15 voted to issue $30,000 high-school
—
;
1751
San FraHClsco, CaL— Bond O^ering.- Proposals will be received until 8 p. M,, May 1, by the Board of Supervisors—
Chas. W. Fay, Clerk— for the following |870,600 3>^^ gold
until Msy 19. At the same election the proposition to put
out 112,000 electric-light bonds failed to carry, the vote
being 89 for and 78 against the issue.
Salisbury, Md.— Bonds Authorized. The Town Council, it
is stated, has author'zed the Issuance of $10,000 street-
at present
.
raservecl to reject
any and
LfflVI
all bids.
JOY,
LOANS.
t^600,000
JERSEY OITY,
Four (4%) per cent
ttold
N. J.
Bonds.
Sealed proposals will be received by the Board of
Finance of Jersey City at its meeting to be held in
the City Hall on the
17th Day of May, 1905,
at three o'clock P. M., when they will be publicly
opened, for the whole or ary part of
$600,000 Refunded Assessment Bonds
Dated June
(Coupon Bouds).
1905, payable June
1,
1,
1935.
Interest payable June 1st and December 1st. Each
bid must be accompanied by a certified check to the
order of the City Treasurer for two (2) per cer.t of
the par value of the b- nds bid for. Bonds will be
delivered June 8th. 1905, tt;e purchaser paying accrued Interest to the day of delivery.
1 he board reserves the right to reject any or all
bids if deemed for tbe best interests of Jersey City.
By order of the Board of i'mance.
GKORGE B. HOUGH,
City Comptroller.
Secretary
N
C.
PERKINS.
Cuairmf.n
Secretary.
O
urt-house Commiseion
j^aso^noo
3^10,000
state of North Carolina OITY OF HOBQKER, F.
4^^ EIGHT-YfAR BONDS.
PARK BONDS
NOTICE OF CALL.
City of Fort Worth, Texag,
6% Bonds, due May 1923,
Subject to
Notice
f
hereby given that
bonds of the
In
the outBtandlng
MAY
ERVIN & COMPANY,
all 1903.
all
Bids will be received at this office until 12 o'clock
luTll, for all <r any
WEDNESDAY,
pait of 250 North Carolina 4% per cent eight- year
bonds, $1,000 each. B'ull particulars upon request.
B. B. LACY, State Treasurtr.
KALEIGH. N. C.
M.
BANKERS,
tity of Fort Worth, Texas,
laxned :»Iay Ist, 1S93,
Members
POWBLL, Mayor.
Fort Worth, Texas.
New York
\
(
&
T, J.
Public notice is hereby given. In accordance with
a resclution of the Alavor and Coiincl' of the CITY
OF HOBOKEN, passed on the lath day of April.
19^5, and duly approved on the 13th day of April,
1905, th>!t sealed proposals forthe purchase of bonds
of the City of Mor>i>ken, to be known as Park Bonds,
to the amount of $10,000 00 and bearing interfst at
the rate of i% per annum, payable semi auniiallr, to
run for ten (10) y^ars from date of issue, registtred
or oupoti, at the option of ttie bidder, will be
received at tbe stated session of the Council to be
held on
ti%
subject to call May Ist, 19u3, will be paid on or
before May 1st, 19C5, on presentatirn at the office of
O'Connor
Kahler, 49 Wall Street, New York,
or at the office of N'oeU Young Boad «fc Stoc
Company, 304 N. 4th Street, St. Louis, Mo., and
Interest will cease from that date,
J.
BO!VDS
Stock Exchange,
Philadelphia Stock Exchange.
FOR IWESTHENT.
43 Exchange Place,
New York.
Drexel Building,
Philadelphia.
Wednesday Evenintr, May 10, 1905,
AT EIGHT OCLOCK.
All proposals must be directed to the Mayor and
Council of the City of Hobokeii and handed to the
Clerk of the Board In open sension when culled for
in the regular order of business relating to sealed
proposals, and shall be accompanied by a certified
chock for the sum of five hundred dollar? ($500).
The Mayor and Council reserve t he right to reject
any or all bids if deemed in tbe interest of the
ci'y so to do.
By order of the Council,
JAMES H. LONDRIGAN. City Clerk
—
:
THE CHRONICLE^
1752
60,0C0 1$ gold coupon street and bridge bonds maturing tl,on(i yearly for ten
years. »1, 6' yearly for the follnwlng ten years, Jl.OCO yearly for the
next ten years and $1,600 yearly for the next ten years thereafter.
ProposaJs tor rheee honds will re lecelved until 8 P.
,
Denomination most
likely $500. Interest payable in SpartanMaturity, 20 years. We are informed that it will
probably be some time before these bonds will be issued.
Bond Election.— ^&y 16 has been fixed
Spencer, N.
upon as the day on which the question of issning $70,000 55^
30-year itoprovement bonds wUl be submitted to a vote of
the people.
Springfield, Erie County, N. T.— Bond ,9a/e.— On April 23
the $12 too i% regit tered electric bonds described in V. 80, p.
1S87. were awarded to W, J. Hayes & Sons, Cleveland, at
101-84-a basis of about 3'80|. Following are the bids
burg.
M
C—
0?erton, Mayor. They were all authorized
at the elactioD held March 28, 1905. DenominatioD, $fOO.
Date, Jane 1, 1906. Interest annually on May 81 at the office
of the City Treasurer. Maturity of the entire $200,000 taken
collectively |6.000 yearly on May 31, from 1906 to 1945, inclusive. Certified check for d% of the amount of bid, payable
to the Mayor, required.
Schenectady, N. Y.— Bonds Authorized by Legislature.—
This city is authorized by Chapter 230, Laws of 1905, to issue
May
by
16,
[Vol. lxxx.
J. P.
W.J. Hayes 4 Sons, Cleve
\<:
180,000 hospital bonds.
8.
lOriO
Shclbj County (P. 0, Memphis), Tenn.— Bond Offering.—
Proposals will be received until 18 m., May 22, by Levi Joy.
Secretary Court House Commission (No. 51 Union Street,
Memphis) for $1,000,000 Z}4% coupon court-house bonds.
Denominations, one hundred bonds of $1C0 each, two hundred of 1500 each and eight hundred and ninety of $1,000
StenbenTiIIe(0.) School District.— Bond Sale.- Oa April
26 the $80,000 A% high- school-building bonds described in
V. 80, p. 1439, were awarded to the National Exchange Bank
May
Date,
each.
1,
1905.
Memphis and New York
Certified check for
5;^
of bid required.
offering will be found
offlcial notice of this bond
among the advertisements elsewhere in this Department.
ShermiiD, Tex. Bond Election, An election will be held
May 10 to vote on a proposition to issue judgment bonds.
South Broobljn, O.— Bond O^enwfif,— Proposals will be
May 22, by W. A. Pupikofer, Village
received until 12 m
Clerk, for $2,500 5% Stateview Avenue water-pipe bonde.
Denomination, $250. Interest, April 1 and Oct. 1. Maturity,
one bond yearly on April 1 from 1906 to 1915, inclusive.
Certified check on a Clevelatd or South Brooklyn bank for
10;? of the bonds bid for, payable to the Treasurer of the
village of South Brooklyn, required.
,
issuance of $35. COO school bonds.
SaliiTan County (P. 0. SalliTan), Ind.— Bond faZe. -This
county recently awarded six issues of 43^^ gravel-road bonds,
aggregatiug $152,138 70, as follows :
$89,675 00 4^56 Hamilton Township road bonds to Rudolph Kleybolte & Co..
Cincinnati, lor f 90,235.
80,600 00 4H% erravel-road bonds to Rudolph Kleybolte & Co., Cincinnati, for
Faal (Minn.) School District.—Bids Ejected.
—All bids received April 18 for the $25, COO 4^ school bonds
described in V. 80, p. 1887, were rejected.
Spartanburg (S C.) Schnsl District.— Bonds Fofed.— This
district has voted to issue $30,C00 A% coupon buildirg bonds.
NEW
SSSOjOOO
875,000
City of Dallas, Texas,
4% GOLD BONDS.
BRICE: on APPIilCATION.
BONDS
R.FULTON & CO., T.W.STEPHENS & CO.,
M jnicipa!
1905,
whole or any part of $250,000
31^ per cent Bonds of the CITY OF
171
Bonds,
LA SALLE STREET,
&;
159 La
Court House,
Company
li^alle St.,
COUNTY
AND TOWNSHIP
CITY
S35,000
Marshall County, W.Va.
& CO.,
8 Nassau Street,
NEW YORK
MEMBERS
BONDS.
NEW YOEK AND BOSTON
STOCK EXCHANGES.
STATE, MUNICIJ^AL. AND HIGH GRADE
MUNICIPAL AND
RAILROAD SECURITIES.
PUBLIC FEANCHISE CORPORATION
BONDS
W.
4^.
DAY
85 Congress Street,
BOSTON.
Chicago.
jgL^'^*^^'
Bouifht and
5% SCHOOL BONDS
New York
BANKERS,
Secretary,
Minneapolis, Minn.
L.
Establlahed 1S»«3.
H. C. Speer
address,
2 Wall Street,
R.
CHICAGO.
completing the
Court House and City Hall Building.
For circular, with full particulars,
for
Price to Net
INVESTMENTS.
PUBLIC SERVICE CORPORATION
for the
CONDIT,
2ft
MUNICIPAL
F.
sioners on
L. A.
],H88
E.M. Campbell&Co.,Ind'li«,for$29,03945.
4m gravel road bondsj
4^ gravel road bonds, to whom awarded we are not advised.
AND
Sealed proposals will be received bj'
the Finance Committee of the Board of
Court House and City Hall (Jomm's-
MINNEAPOLIS,
W6
NOBLE & COMPANY,
BETMOBT, MICH.,
Conrt Houge and City Hall Bond?.
l€tli,
17,11-2
W.
H.
MINNEAPOLIS, MINN.,
may
130,763.
7,500 00 i'^% gravel- road bonds')
6.2t«5ii 4H« gravel-road bonds Mo
INVESTMENTS.
LOANS.
10003
Strawn (Tex.) Independent School District.— Bonds
Regiitered.—Oa April 22 the State Comptroller registered an
issue of $8,000 5;^ 10-40-year (optional) echool-houee bonds
dated April 1, 1905.
Stmt hers (Ohio) School District.- Bonds Voted. -By a
vote of 96 to 16, this difetriot on April 15 authorized the
—
St.
100-60
New
The
South
Union Sav. Bank
Geo. M. Halin, New York
Stockton (Borough), N. J.—Bond O^erinflr.— Proposals
will be received until 8 p. M. to-day (April 29) by T. S.
Moore, Mayor, for $6,000 i% water-works and fire-protection
bonds. Denomination, $100.
Interest, annually in
York City or in Lambertville. Maturity, $1,503 in 1910 and
Authority for
$300 yearly from 1911 to 1925, inclusive.
issue. Chapter 161 Laws of 1897.
Borough has no debt at
present. Assessed valuation, $200,000.
Certified check for
10^ reqoired.
semi-annually in
Maturity, April 1, 1955.
amount
1-84
at 102172.
Interest,
City.
of the
A. Kean. ChlcaKO
J.
Rudolph Kleybolte&Co.
Soltl.
HAYES & SONS,
OL.KVKI>AND. OHIO.
BANKERS,
BOSTON. MASS.
OKAJLERS IN
WHITE & WHITE,
INVESTMENT BONDS.
STREET RAILWAY
Bankers and Brol<ers,
SEND FOR
WHEELING, W. VA.
LIST.
DENISON, PRIOR&CO.
(Western Union Code.)
BOSTON.
CLEVELAN D.
Blodget, Merritt
& Co
,
BANKERS,
16 Congfress
MUNICIPAL, RAILROAD and
Trowbridge & NIver Co.
Boston.
SONAHMAU 8TUEET, NEW YORK.
Street,
STATE CITY & RAILROAD BONDS.
lit
27-29
BONDS,
PINE STREET, NEW
Interact Paid on Daily
YORK.
and Time Depoiits.
MUNICIPAL AND RAILROAD
BONDS.
MUNICIPAL AND PUBLIC SERVICE
LIST ON APPLICATION.
BONDS.
SEASONGOOD & MAYER,
CHICAGO,
Nat, Bank Bldg.
BOSTON,
60 State
Street,
mercantile Library Bulldliig,
CIIVCINNATI.
—
:
Ape.
THE CHKONICLE.
29, 1905.]
Tacoma, Wash.— -Bonds Defeated.— This city on Apr, 4
voted againat a proposition to issue $759,000 5^ water an^l
electriclight-improveoient bonds.
Teanes»ee.— Legislation.— The Legislature of this State
prior to adj mrnment passed various bond bills, among whioh
are the following
Bills Passed by Both Branches of the Legislatdbe.
Bells— AuthoriziDfT town to Issue bonds.
Bolivar -Authorizing bonds.
Bristol— Authorizing $300,000 water bonds.
Bristol-Authorizing $12,000 school bonds.
Clarksvllle AuthorizlDg $10,000 water bonds,
Cleveland— Authorizing bonds.
Coofte Counts— Authorizing bonds.
Cootevllle- Authorizing $2.'>,000 bondp.
Colliervllle-Authorlzlrg $10,000 electric light bonds.
Davidson County— Authorizing $500,000 court-house and jail bonds.
Davidson County— Authorizing $25,C0O bonds.
Davidson Couuty- Authorizing $50,0OO Peabody school bonds.
Davidson County— Au^hoi-izing $300,000 bridge bonds.
Davidson O unty— Authorizing turnpike bonda.
Dayton— Authorizing school bonds.
Dresden— Authorizing water bonds.
Dyer— Authorizing bonds.
Fentress County- Authorizing court house bonda.
Hamblen Ounty— Authorizing funding bonds.
Hamilton County— Amhon zing $100,000 refunding bonds.
Harrlman—Authorizing $lo0.000 funding bonds.
HendertOD—Authorizing oor.ds.
Humboldt School District— Authorizing school bonds.
Johnson Cliy-Anthorlzing school bonds.
Lanrenceburg— Authorizing bonda.
Laurence County- Authnrz'ng court house bonds.
Maury County— Authorizln.; bonds.
Memphis School Dlfttrlot— Authorizing bonds.
Nashville- Authorizing SSto.OUO high-school bonds.
Nrtwport— Authorizing municipal bonds.
Putnam County— Auihorlzlng $100,000 4 per cent road bonds.
Rhea County- Authorizing road bonds.
Shelby County Authorizing $i ,000,000 oourt-house bonds.
8helby^'llle Authorizing $4O,0j0 water and light bonds.
Springfield -Authorizing $12,C00 water bonds.
Tullahoma—Authorizing bonds.
White County- Authorizing road bonds.
Whltevlilr— Authorizing bonds.
ThEef KiTCf Falls, ULiun.— Bonda Awarded.—The |38,000
water and sewer bonds, bids for which were opened on April
3 (see V. 80, p. 1439, for list of same), were awarded to Wells
Dickey Co , Minneapolis, for $30,575 for 5 per cents.
Topeka, Kaa. Bond Ishue.-We are informed that the
S3J,0 )0 5j? 30 year bonds voted at the election April 4 are to
&
1753
be turned over to the Topeka Eskridge & Council Grove laterurban RR,, in aid of which the bonds were authorized.
Torrence County, N. M.— Bond Order Rescinded,— We are
informed that the County Commis3ioners have rescinded their
order providing for $5,000 jail bonds, and that for the present
no bonds will be issued.
TieatOffi. N. J. -Bonds Proposed. —The issuanca of |4,200
i% 10-year iire-house bonds is being considered.
Trey Township, Perry County, Okio.-Subaidy Defeated.
—The election April 10 resulted ia the defeat of ttie proposition to grant a subsidy in aid of the proposed electric line between Evansville and Tell City. The vote was 888 for to
1,035 agair st the proposition.
Two Rivers (Wash.) SchjOl District.— Bond Q^cringr.—
Proposals will be received until 2 p. m.. May 8, by P. B.
Hawley, County Treasurer (P. O, Walla Walla), for $8,000 Q%
5-10-year (optional) school-building bonds.
Upper Alton Sch. District No. 99, Madison County, III.
—Bond Sale. — Oa April 24 $7,203 4| school-house bonds were
awarded to the Citizens' National Bank of Alton at 101 '25.
Denomination, $600. Date, June 1, 1905. Interest, semi-annual. Maturity, one bond yearly on June 1 from 1913 to
1924, inclusive.
Tandalia (Mo.) School District.— Bonds Voted.— An issue
bonds was authorized at the
of $2O,0CO school-building
election held April 4.
Yictoria County, Texas.— Bonds Registered.—The State
Comptroller on April 18 registered an issue of $1,900 i%
5-4')-year (optional) bridge-repair bonds dated April 10,
1905.
(P. 0. Williamsport), Ind.— Bond Qfferbe received until 1 p. m., June 5, by Robert L, Winks, County Auditor, for $30,000 i% coupon bridge
bonds. Denomination, $1,000. Date, Aug. 1, 1904; coupon
due Feb. 1, 1905, will be detached. Interest semi-annually
at the office of the County Treasurer. Maturity, $8,C00 Aug.
1, 1910; $9,000 Aug. 1, 1911, and also Aug. 1, 1912; $4,000
Aug. 1, 1913. Certified check for d% of bid, payable to the
County Commissioners, required,
Watertowu, N. Y.— Bond Sale.-Oa. April 15, $33,811 44 6%
street-paving bonds were awarded to the Watertown Savings
Bank at a premium of $335. Danominations, four of $1,300 33
Warren County
inflf.— Proposals will
ACCOUNTANTS.
LYBRAND,
ROSS BROS &
MISCELLANEOUS.
INVESTMENTS.
HIGH GRADE
INVESTMENT BONDS
Interstate Securities Co*
MONTGOMERY
NO STOCKS
HANOVER BANK
BLDG.,
New
5 Nassau Street,
Capital pa d
in,
-
(Pennsylvania)
Stephen Glrard Buildlns.
York.
Municipal
$250,000
&
Public AccountaTits.
Certified
CORRESPONDENCE SOLICITED
PHlbADEiLPHlA.
Qecurities
U
Corporation
Company
OF PITTSBURGH, PA.
Wall Street Exchange Bulldlns,
NEW YORK.
HASKINS & SELLS,
GEBTIFIED PUBLIC ACCOUNTANTS
Paid up Capital $200,000.00
Negotiates Entire Issues of Steam and
Electric
30 Brozd
THE SOU^H.
Railway and Municipal
Business Opportanitles, Investment
Securities, Real Estate, Timber, lU iues,
Industrial Properties, Farm or Toivu
mortgages In all parts of tbe Sontli.
BONDS.
METKOPOLITAN INVESTMENT
CORRESPONDENCE INVITED.
GEO.
B.
30 Colemain
Cable
vJliloaRo.
MUNICIPAL AND
&
EDWARD3, President, Charleston, B.C.
Commercial and Financial Agent
Boilness undertaken in all parts of tbo worlcl.
CORPORATION
H. M.
BONDS.
171
La
Byllesby
& Co.,
&
Co.,
BANKERS,
7
Wall Street,
New York.
Cleveland.
HYDRAULIC PLANTS.
Chicago.
Members
BONDS.
T
New York
Life Buildinor,
CHICAGO,
POTTER,
BALLANTYNE &
MUNICIPAL and RAWnc
ENGINEERS,
CORPORATION^ aUNUb,
CHICAGO,
L.I8T
.
-
.
ON APPIilCATION.
ILL.
EVANS,
Examinations and Reports on Physical aad
Operating Values of Manufacturing
Properties.
ftLS.
22
Pittsbnrgh.
Accountant,
Wilkinson, Reckitt,
Williams &. Co.,
CERTIFIED PUBLIC. ACCOUNTANTS,
(Illinois.)
52 Broadway, New York.
Of
CHICAGO
W.F. WEISS,
CEKTJFIED PUBLIC ACCOUNTANTS
128 Broadway, New Yorfe.
TELEPHONE—8758-8759 CORTLANDT.
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad >*treet. New Vorli.
Tel. 4958 Broad.
B.
172 Wasliington Street.
Lools.
LOOMIS, OONANT & 00.
Examinations and Reporta.
New York Stock Exchange.
RAILROAD AND
STREET RAILWAY
St.
WM. FRANKLIN HALL,
Firm
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
21 7 La Salle Street,
A Idress, HASK8ELLS."
PHILADELPHIA.
ENGINEERS.
King, Hodenpyl
London, E. C.
BO^^ON, MASS.
INCOKPORATED.
Salle Street, Chicago.
Street,
York.
''la'state^SUeJt""'
Books audited. Examinations and investigations conducted wltii the utmost
care and efficiency.
ENGINEERS.
Co,
New
CO.,
SatlstactOTT references
MacEonald, McOoj
Street,
PINE STUEET,
NEW YORK.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
CALVERT BUILDING,
BALTLMOHE.
56
PINE STREET
NEW YORK.
JAMES PARK &
CERTIFIED
3'j
tt
PUBLIC
00.,
ACCOUNTANTS.
rtroad^ray. New York.
Street, Cbicaffo.
Sherman
—
—
THE CHRONICLE.
1751
Date, April 15, 1905. Interest
fctir of $7,152 53 each.
annnallv in October. Maturity, $8,452 86 yearly on October 15
and
from 1905 to 1908, inclusive.
Bonds Defeated. —This cify on April 10 voted against propositions to issue $25,000 bonds for use of ttie Board of Works
and the Board of E Jucation.
Webster, Mass,— iVofe 5aZe.— This town recently soli to the
Commonwealta of Massachns^tts an issue of $iO,030 ^%%
high-school -building notes.
Daaomiuatlon, '|10,000. Dite,
April 10, 1905. Interest, semi-annuHl. Maturity, $10,000 on
April 10 in each of the years 1908, 1907, 19G8 and 1911.
Webster Groves (Mo.) School Distiict.— Bond Offering.—
Proposals will be received until 8 P. M,, May 4, by the Board
of Directors, F. B. Miller, Secretary, for §40,000 school bon'is.
Authority, vote 647 to 221 at election held Apri' 4, 1905. DeDominatioc, to suit purchaser. Date, Jaiy 1, 1935. Interest,
semi-annually in St. Lcuis. Maturity, 30 years, subject to
Bids are asked for bonds bearicg 4^
call after 10 year?.
and 4>^5f :'ntf rest. Bonded debt of district, including this
issue, $53,0C0.
Apf essed valuation 1605, $2,794,910.
Wt-ht Union (0.) School District.— Sand Saie.~On April
17 $!),0CO 4^ school-house bonds were awarded to H. W. D:okDa:e, April 17, 1905.
iceon at 101. Denomination, $135.
Intpreet, March and September. Miituri'^y, $;J50 yearly.
Whitmire (S. C.) School District No. b'l,-Bonda Voted.—
This district has voted to issue $6,C00 bonds for school
purposes.
Whiltier, Cal.— Bond Sale.— On April 24 the $110,000 5^
1-40-year (serial) gold coupon water- works bonds described
in V, 80, p, 1499, were awarded to Adams-Phillips Co., of
Los Angeles, for $10,802 premium— a basis of about 4 SOS^
Williamsbar^, Covington County, Miss. Bond Sale.—
This town recently sold an issue of |'.4,000 water-works
bonds.
Wilaa School District No, 1 (P. 0. Carth ge), N. Y.—
Bonds Defeated,— ThQ proposition to issue $57,500 highflchool-buiidicg and improvement bonds f.dlad to carrv at
the election held April 21, the vote being 28 for and 110
against.
Windliam, Tonn.— Bond Bill Passea Legislature,— Boii&&\.o
the amount of |75,O0O are authorlzsa by a bill passed by the
Legislature last montb.
ITOL. LXXX.
WJndfior, Oat.— Deb 'niure Election.— !l by-law providing
for the Iseuance of $30,000 electric-light tlant debentures
will be submitted to the voters on May 12.
Winfleld, K^n.—B,nds Voted.— A. special election was held
April 20 to vote on the proposifion to issue $15,000 bonds to
ficidh the electric-light plant. The question carried by a vote
of 906 to 31.
WInstfta Township, N.
Bonis Voted,— By a vote of
1084 to 22, this tow-nsaip on April 11 aut'oorizei tha iarusnoe
of $10f>,0tX) 5j bonds as a subscription to tbe capital stcok of
the Wioston-Salem Sou^h Bound Railway Co.
Bond Election. ~A.n election will be held May 2 to vote on
the qu stion (f ieeuing $37>500 bon'ls, to be exchange-l for
|37,5t)0 tir^t mortgage bonds of the High Point later-Urban
Street Riilt^ay Co.
Wolbftch School District No. 43, GJreeiey County, Neb.—
Bond Sale.—Oa April 1 tha $3,6'J0 6% 5 10-year (optional)
bonds described in V. 80, p. 1258, were awarded at a premium
of $151.
Wood CouBty (P. 0. BowllBg Green), Ohio.~Bo;'.d Offering,— Proi^oa&is will be received uatil 13 h., Mny 15, by B: 0.
Harding, County Auditor, for $50,000 5i co-ipon highway-im-
C—
provement bonds maturing
March
.$5,000 each six months from
19C6, to Sept. 1, 1910, inclusive. Denomination,
Dite, June 1, 19'"5, Interest, March 1 and Sept. 1 at
1,
$1,000.
the office of the
County Treasurer.
paid by purchaser.
Accrued interest to be
cheek for $1,000 on a Bowling
Purchss^r will be required to fur-
Certified
Green bank required.
nish blank bord?.
Wyoming, Ohio. Bonds Not Yet laiuedt—We are advised
that the $50,000 eewer bonds voted at the general election
last November have not as yet been issuoi "and may not be
this year."
YouBgstown (Ohio) School District.—Bond Offering.—
Proposals will be received until 12 M, M<ty 15 by the Board
of Elncation, W. N. Ashbaugh, Clerk, lor $45,0.0 4^ coupon
bonds, Denomination, $1,000. Intere3t aemi-aonually at the
office of the City Treasurer.
Maturity, $15,000 yearly on
Sept. 1 from 1918 to 1930, inclusive. Bids must be unconditional. Certified check for 10 per cent of the amouLt
of issue required. Accrued interest to be paid by pur*
chaser.
TRUST COMPASMIES.
^^s^^R^Lu^s'^^
$9,500,000
CAPITAL AND
SURPLUS,
Title GUARi^kNTEE
andTrust Company
'12,000,000 09.
14S Broadway, New York,
175 Eemsen Street, Erookiyn.
M'f'rs branch, 198 Montague St., Br'klyn.
Examines & f/iinrantecs Heal Estate Titles.
jLoans Money on Jiond and Mortgage.
Furnishes Mortgages
Seceives Deposits stihjccf
RUST COMPANY
to Investors.
.'o
check, allowing
Interest.
Company
business.
John Jacob Aster,
Edgar
L. Marston,
Edward T. Bedtord,
William
Does
all
Trust
Matheson,
Charles Matlack,
William H. Nichols,
Charles S. Brown,
Julien T. r)avies,
William J. Kaston,
Charles K. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Injo-aham,
Aufrustus D. Juilliard,
Martin Joost,
John S. Kennedy,
Woodbury Lansdun,
J.
D.
FRANK
L.
every class of income;
EUhu
undertake the care and management of estates.
Root,
will
pay taxes and insurance,
It
is
sell
appointment
and
of court.
at your death
it
During your
will administer
lifetime
your
it
and
securities;
dividends, coupons
it
and
property and
authorized by law
to act as executor, administrator, guardian, or trustee
under will or
will act as
your agent,
estate.
15 Nassau Street, Ecpiitable Building.
BURDICIv, 3d Vice-Pres.
CLEVELAND,
it
of financial
to cheque,
mil safeguard your
will collect bonds, rents, mortgages, interest,
it
Frederick Potter,
Charles Richardson,
Ellis
SNLFFEN,
your deposit account, subject
allow you a fair rate of interest;
'2U Vice-President.
lianklng Department.
WKAY
It will accept
business.
Robert Olj-piiant,
Alexander E. Orr,
Charles A. Peabody,
FRANK
EDWARD .Vlanager
O. STANLEY,
J.
company embraces every function
trust
James H. Oliphant,
Sanford H. Steele,
J). Williams,
James D. Jjynch,
Louis Windmuiler.
CliAaENCE H. KEIiSEY, Presulcnt.
BA1LJ':Y, Vice-President.
CLINTON
The modern
Secretary.
3Igi-. Hfgi-s'
Branch.
IVmXJIlNW'S JPAPEKS.
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
The Audit Company
OF
New York,
OUGANIZED
1807.
NEW YORK:
60 State Street,
43 Cedar Street
PUILADELPHIA.
BOSTON.
CHICAGO
AOQU8T BKLMONT.
Acting President.
JOHN J. MITCIIHLL
UKOUUK W. YOUNU,
VyiLtjIAM A, NASH,
BONDS
sfS8K CERTIFICATES
HandBomely euKr«vtd;
Alno
..
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eufj
Hteel-plate effect.
the chea
cheajier kind, pjinly llthORrapbefl und piirtlv
--'•
printed from
frc — type,
too Slock Ceitlncalea,'?;:*
to
ao: the 'alter erKruvtd with eteol-pln.o b<.rdei;i
— eleKiini. »eal I'resi), If with c;crl itlc.tes, tl SO.
ALBERT B. KINO & CO., 112 William St., N.Y.
Knuravers and Llthottraphers.
iTelepliono.)
Vice- Presidents.
T. PlCitlNK, Gen':M(fr. andTreas.
V. C. KICllAHDSON, Assistant Troasnrcr.
Thb (;i)inpany Audits and Invcatlsatcii AcconntB
and luukea Phy»iC(il Kxauiinatl' ns of Propenies.
Its ("ortitloaleB ana Ucports are Prepared In behalf
of Merchants, Hanker.i, Corporations. Coniraittees
ana othcru. In slricl contldeucc. The Coiiipany also
OevlHSs and Installs Money-Saring bystems Of
EDWARD
KceplnK AcuoautH.
For Baslneiia Corrcwpondenfl*.
Whether for letter written with yoor own hand, or
hythe typewriter, are UNEQUALBU. Their Quality
Is usured and they have won hiKhest honors at all
the srreat World's Fairs. For high grade writing
papersiof all kinds, for bond papers, and for ledger
papers, Insist on having them made by the
WHrriNG PAPER COMPANY,
HOI^YOKE, MASS.
N«w
York.
Philadelphia.
ChicagOi
@FedFRASER