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1
.
financial
ontmerria
nmtcle
INCLUDING
Bank and Quotation Section
and Gity Section (semi- Annually)
Street Railway Section (^J^ 68 )
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress, In the year 1904, by William
VOL.
B.
Dana Company,
SATURDAY, APRIL
78.
Washington, D. O.
in the office of Librarian of Congress,
30,
NO.
1904.
2027.
Week ending April 23
—
Clearings at
1904
1903.
inc. or
1902.
Dee
1901.
PUBLISHED WEEKLY.
Terms
of Subscription
—Payable
Advance
in
For One Year
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
$10 00
00
13 00
7 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
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14s.
lis.
Subscription includes following Sections—
State and City (semi-annually)
Bank and Quotation (monthly)
Railway a> d Industrial (quarterly) Street Railway (3 times yearly)
I
t
Boston
Providence
Hartford
116,271.861
0,892.100
2,722.119
1,800.379
1,562,055
1,177,012
1.334,169
666.735
422,468
404,403
493.758
New HavenSprinufleld
Worcester
Portland
Fall Klver
Lowell
New Bedford
Holyoke
Total New England.
133.747,069
124,072 587
6,601,900
2.431,046
1,695.682
1,485,569
1,598.618
1.251.616
-63
+ 1-4
+120
+6-2
4-5-2
-26
3
+6-6
-20-7
—1-6
-30-7
+23-9
—5-4
141,402.208
853.878
429.210
583,444
398,418
149.184,316
7.634.000
2.542,408
1.594.907
1,710.132
1,845.081
1,220.81
910.029
OS 082
552,228
419.273
168.300,467
;
161.700.021
6.709,600
2.69 1 332
1.458.338
1,531.629
1.709,459
1.341,093
637.618
599,576
424.198
829,155
179,340.019
|
Terms
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of
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Chicago
Inch Space
Transient matter per inch space (14 agate lines)
Two Months
i
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50
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Three Months
Six Months
Twelve Months
(13 times)
(26 times)
(52 times)
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00
00
00
00
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of
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scriptions and advertisements, and supply single copies of the paper at Is.
Messrs.
175.589.428
22,250,500
12,680.998
9,414.931
6,836,038
5.810,818
4,014.400
2,417.165
3,063,021
1,713.212
1,442.919
1,343.950
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557,552
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i>y 7 elerrraph.
New York
Boston
Baltimore
Chicatro
Louis
New Orleans
St.
Seven cities, 5 days.
Other cities, 5 days
all cities,
5 days.
.
All cities, 1 day
Total
The
1903.
all cities
for week.
P. Cent
$1,059,534,200
112,913,757
90,924,490
18.223.319
145.600.723
25,545 893
9.838.554
.
$1,206,872,409
269,841,987
$1,462,589,930
280,194.217
$1,476,714,396
300,011.602
$1,742,784,153
485.174 560
$1,776,725,998
$2,227,958,713
—21-1
Seattle
Salt Lake City
Portland.
Helena
-64
Fargo
Sioux Falls
-135
+0-3
+574
+20-9
Total Pacific
Kansas City
Minneapolis
-170 Omaha
-3-7
Paul
Joseph
Denver
Des Moines
St.
St.
-153
—382
Sioux City
-202 Topeka
Davenport
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
full details for the
Wichita
Colorado Springs
Fremont
Cedar Rapids
Total other West'rn
St.
Louts
cases estimated, as we go to press Friday night.
New Orleans
Louisville
We present below our usual detailed figures for the previous Houston
Galveston
week, covering the returns for the period ending with SaturRichmond
day noon, April 23, and the results for the corresponding Savannah
week in 1903, 1902 and 1901 are also given. Contrasted with Memphis
Atlanta
the week of 1903 the total for the whole country shows a loss Nashville
Norfolk
of 10-5 per cent. Outside of New York the decrease from 1903 Augusta
Fort Worth
is 1*9 per cent.
Birmingham
be in
all
Little Kock.
Week ending April
Clearings at
—
1904
Philadelphia...
Pittsburgh
Baltimore
Buffalo
Washington.
Albany
Rochester
Scranton
.
..
Syracuse
Wilruinirton
Wilkes Barre...
Wheeling
Blnehamton
1903.
Inc. or
Dec.
$
New York
...
Greensburg
Chester
Erie
Beading
Franklin, Pa...
Total Middle.
56,443,670
21,973.311
6,288,253
3.814.250
3.5S7.296
2.053.767
1,596,643
1.351,920
1.082.521
871.582
679.334
483,600
344.974
467,724
379,863
1002
1901.
1.904,900.011 2,187.478.598
—6-0 127.475,677 113.998.283
-26-9
50.517.717
43.677,641
26,710,5111
24,628,834
-8-3
5.573,122
6,082.838
J-7-2
2.602.166
3,892.135
8,664.231
2.892.852 l
2 525.272
2,568.695 '
+37S
+8'3
1,360 uiii
1.463.054
1,192,111
—172
1.310,999
892,072
+1-3
1,079,047
-97
—50
—1-7
-11-1
-81
+31-7
4-10-4
772,039
668,436
401.500
328.212
305,957
491,506
833.200
375,744
353.099
+20-0
ft
Mscon
Chattanooga
Beaumont
'0
Not include d
Not include
1.301,358,029 1,533.127.150
Knoxvllle
Charleston
23.
—159
.103 616.646 1,311,282.385
113,269.926
120,453,063
41,257.984
19,850.541
5,764.638
4,090.950
3,408.907
2,829,567
1.699.599
1.118,401
1,097.087
856.525
603,844
444.200
454.392
516.292
478,530
1.067,425
225,014
,
Tacoma
-8-2
iu to tal.
in to tal.
—15-1 2,121,938,211 2.397,382.180
7511.447
Jacksonville
Guthrie
Columbus. Ga.
Total Southern...
Total all
Outside New York
+30
+ 1T8
+22
-11
+16-4
—3-5
—18-6
+20
-184
—19 3
--10-0
186.851
79.968
350.375
203.453
276.186
145,184
214.171
72.077
252.90a.494
244,472,102
-8-5
27,867,641
6,632,486
3,498.335
2,824.104
3,659.201
2,199.549
2.000,539
+1-9
+20-8
+4'2
619.206
398,681
222,963
27,345.505
5.657,718
3.356.019
2,789,651
2.712,586
2,227.874
1.975.242
359.185
376.470
217.004
49,022,599
47,017.254
10,240,453
10,991,817
7,578,304
5,980,797
5,064,256
4.500.000
2.107,835
1,160.143
973,255
964,788
1,114,223
431,093
172,051
398.399
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
137,612
.
+205
—128
+109
85,000
159 406
129.740
45.811
1.195.709
203,943.067
21,102,667
3.420.732
2,349.233
2,638,682
1,886,218
951.218
1,190.805
513.298
4-2-
22.470,278
4,426.656
3.118.874
8.128.129
2.326.263
1.629.240
1,189.29
397.32
320.949
226 581
+5-5
39,231.594
34,534,404
-8-6
17.783.006
11.657.473
0.327.217
5.309.429
4.268.173
3.932.760
1,889,275
1,499,146
1,:352.892
897,685
572,450
500.000
108,161
16.780.239
8 771.186
5,971.223
4.866.371
4,841.659
4,209,268
1,363.164
1,423.804
904.812
833,349
665,525
817.684
121.123
—16"
+349
-1-3
+1-3
+72-4
+58
—07
+4-5
+95
+61
—8-5
+132
—331
—18-0
+18 3
2,1
264 761
210390
tal.
51,529.407
49,611.977
12.219,125
9.870.285
6.607.047
8.089.500
8.525,645
2,718.108
3.385.2H2
2,858.351
2,522.180
1,472,271
43.366.243
12.560.472
9.646,652
5.788.891
3,051,500
4.263.092
2.508,920
2,597.215
1.095,897
1.570.113
1,055.8:14
1.134.939
1,189.032
786,994
872.011
092,128
40.533.911
10.743,337
8,506.056
3.150.000
3,452,000
3,725.808
2,798.707
2,619.183
1,488.878
1.334,730
1,294 728
1,094. B81
1.016.888
950.OOO
553.521
549.057
7311.703
479,750
892.496
475,000
338,999
l
141,424.359
17,167,500
11.008.520
8.401,444
5.702,620
3,041,626
2.776,500
2,147,722
1.002,031
1,148,898
1,118,740
670,808
564,900
397.145
414,291
410,158
468,893
278.109
282,729
238.198
234,454
227,372
56.157.067
1,532.150
1,394.439
977,019
1,095,478
951 730
667,000
709,436
173.924
977.354
1, 200,000
018,270
1 164,000
1,
474 352
450,009
437,538
424,746
331.805
269,794
239,932
228.331
215,079
107.247
146,060
81.343
--176
—30-9
+39-6
+7-9
+25-0
Not include d in to
-1-9
00,288.015
61,482.942
48 801,212
18 962,526
11 036,910
4 918,295
2 821.000
4 018,000
2 556,728
4. 681.795
a, 570.642
2, 556,840
1 833.148
999.768
1 304.263
159.813.702
20,207.000
14.088,136
8,511.400
6,814,431
4 523.143
3,851,100
2.303,005
2.347,478
1,416,139
1,278,879
911,292
011,800
529,800
508,508
+11-0
+56-1
+22'0
+6-0
46-9
341, &S8
+20-9
279.925
655.013
519.665
364,955
338.536
385.262
239,315
190,725
175,005
,
Spokane
$804,170,705
103,666.685
85,106.400
15,769,615
148,065,601
40,196,127
11.897.276
Philadelphia
Total
1904.
30.
1.775,520
1,771,043
1,119.146
771,600
—13-5
—232
O
The following table, made up by telegraph, etc, indicates
that the total bank clearings of all the clearing houses of the Jackson
Ann Arbor
United States for the week ending to-day, April 30, have
Total Mid. Western
been §1,776,725,993, against $1,910,671,846 last week and
San Francisco
$2,227,958,713 the corresponding week last year.
Los Angeles
Week Endinn April
2.631 ,028
+60
—46
725,382
598.152
507,016
530,750
490,155
Decatur.
Mansfield
Jacksonville
Clearings— Returns
23,314.050
14,665 936
9.141.568
6,116,077
5,547,137
3,927,000
2.443.27f
7111.339
Bloomington
Ouincy
CLEARING BOUSE RETURNS.
165 755,126
1,3-11.313
561.000
405,944
498.037
380,000
078,000
399.615
94 999.450
3,711.823.164
85,049,588
'0 2.115
230.008
Publ cation discontinue
il3,K40
Not Include
'al.
112 692,650
100,575,842
1.910 671,846 2,131077.624
807,055,200
822.795,239
—1-9
800.923. 153
'8.517
17.078,362
20,448.088
-121
15,507.5011
4.4:12,041
1,781,38]
—13-3
24.552 350
17.978 r. 11
15010.198
13.41'
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Ouebec
\ aneouver
Hamilton
St. John
London ...:
Victoria
Total Canada
4,518.125
1.51!
1,857.709
1.261,678
1.287.025
1,091.070
974.756
869.387
678.605
45.471,388
4-1-9
—126
+1-9
8,11
1.823.455
1,855,481
1,220.239
889,905
873.719
752.931
698.604
+31-3
+11-6
-2-2
605.084
49 725,393
-8 6
54.234,967
—
6-fi
+4
9
10.801
J
.-I
s68
1.712,862
1,5*
1,070.625
934.620
825.481
765,910
868.950
721,930
+ 15-5
32.047.O27
—
;
THE CHRONICLE.
1520
THE RAILWAY AND INDUSTRIAL SECTION.
The
number
quarterly
dustbial Section
our subscribers.
li
of our
Railway
issued to-day, and
la
aitd In-
sent to
It contains editorial artloles
all
on the
following topics
BLOCK SIGNALS THAT ACT ON THE THROTTLE.
IMPROVED SLEEPING CARS.
PROBLEM OF ELECTRIFYING STEAM RAILWAYS.
GROWTH OF RAILWAY USE OF ELECTRIC POWER.
THE FINANCIAL SITUATION.
[Vol. lxxvid.
on account of the prospective Russian loan, and
after that an intermittent outflow during the coming
three
or
months
four
until
the
new crops
begin to be marketed, a formidable drain on [our gold
reserve might be claimed as the result. Such an
assumption, however in view of our present holdings,
recent Imports from J apan, and large production Is
not authorized. Besides there is no mystery about
the movement.
The very low rates for money ruling
in New York is an important makeweight among the
other inducements leading to the present^ ree outflow of
—
—
Bankers, in the absence of remunerative
Not small transactions, but large ones, have been the demand here and prospective openings in Europe, are
leading subjects of gossip during the current week
naturally desirous of increasing their balances abroad.
reported
progress
matters about which there has been
When rates dro p to one and a-half and touch even
but not full achievement. The Panama Canal, rumor one per cent for oall money, gold exports happen persays, has been transferred, and payment made for the force of that oircumstance; if to this we add the
same. How these operations were carried through special demand for better employment, such as the
has not been established; official announcement is offering of a Russian war loan for subscription would
also lacking.
A French bankers' syndicate is laid afford, a free export becomes inevitable. But the
to have advanced the money,
and the large gold movement acts also as a relief measure, for the gold
New York
that metal.
claimed to be con- shipments relieve the congested condition of our
nected with the deal.
How the syndicate or the money marke t, and a return movement sets in whencanal stockholders or the United States is to be ad- ever the dem and for money here becomes urgent.
vantaged by an intermediary body has not transpiredBut why are we having such a congested state of the
As the cash is already, and has been for some time
that inqnlry is obvious,
In bank waiting for delivery, there would seem to be money market ? The answer to
no leason for a go-between syndicate unless it was too. We have given timely notice of what has been comneeded as a guarantor of title or as seonrity against ing during past months and years. The reason is our curfuture litigants. Another movement discussed was rency systems are also defective. They permit of expanthe rumored Russian loan of $160,000,000, said sion but not of contraction. The following little statecurrency put
to be a Paris
undertaking, in which German ment shows the course and situation of
bankers were likewise expected to have an in- afloat and indicates what must necessarily [happen as
soon as trade contracts.
terest.
It is proper to add that the plan is still
exports from
In
process
of
incubation.
payment
40- million- dollar
seem
to
free for
are
The
for. the
fact
of America's
Panama Canal would
famish a block of money of considerable siae
investment, and so to that extent make the
occasion opportune for the floating of a Russian loan.
The agitation of the proposal has apparently seemed
to give Paris a sort of setback so far as the outside
aspect of financial affairs at that center is concerned.
Total circulation outstanding Apr.
1,
1904
$2,516,639,223
do
do
do
Apr. 1,1903
2,351,757,943
do
do
do
Apr.
1902
2,252,047,357
1,
do
do
do
Apr. 1,1901
2,187,243,580
do
do
do
Apr. 1,1900
2,021,274,506
do
do
do
Apr.
1899
1,927,846,942
do
do
do
Apr. 1,1898
1,756,058,645
The foregoing
1,
discloses the notable fact that in the
last three years our currency afloat has increased
Should Russia defeat the Japanese in an important over 399 million dollars and in the last six years over 760
battle on land or water, it would be just the kind of millions. Moreover, while those additions were being
send-off for the loan that would appear to be needed made, down to and including the first quarter of 1903
to make it a success.
(with occasional and short setbacks), business was expanding and values of commodities were rising. In
Gold exports have attracted attention, not only be1903, as we all kmow, occurred the great collapse in
cause they have been kept up at a greatly Increased rate,
stock values, gradually followed by industrial reacbut alao because of the mystery which many have atThe increasing currency issues noted above
tion.
tached to them. There is an obvious basis for at leaat a
were swallowed up in the growing trade .activity
moderate outflow of that metal while our breadstuffs
almost as rapidly as made. Feeding business on that
and cotton exports are so small in the Japanese movekind of stimulants creates the necessity for just such
ment of gold to other countries shipped through San
In the iall of 1903 the monetary strinincreases.
Francisco and New York as the cheapest route; and
gency would have been more severe even than in 1902
so far as the transfer of the Canal money has not been
had it not been for the ingenious devices of Secretary
provided for by credits previously bought, and can not
Shaw, which afforded special relief to the money
be met by the purchase of bills now, shipments of gold
market. These constant additions to the volume of
are of course a necessity.
The 3^ million dollars currency afloat and during the last few years by more
withdrawn yesterday for shipment tc-day by J. P.
forceful methods aie at length, with contracting
Morgan & Co. goes far towards indicating that such a trade, showing the real situation in
congested money
—
—
situation
this
week
exists
;
(over
while
12|
the
large
millions
total
dollars)
exported
helps
to
confirm that view.
The Canal call, however, will,
we presume, be substantially offset, so far as our
money maiket Is concerned, by gold paid to the banks
by checks on the Sub-Treasury. If to these demands
for gold shipments we add as a likely requirement
frtm
New Yoik
a considerable
sum
in that
metal
markets; this in turn
is
obviously developing the nat-
ural fruitage.
Congress adjourned Thursday. It was a quiet end
to a session probably as uneventful as has been experienced for many a year, and yet it passed two or three
historical measures of a public character.
In financial
and industrial matters nothing has occurred in the
Apr.
way
THE CHRONICLE.
30, 1904.
of legislation to disturb even Individuals afflicted
with morbid sensibility. To be sure there were quite
a number of threatenlog proposals Introduced, such
as the proposition to do away with Id junctions in
unlawful affairs growing out of strikes, but the
parties offering those proposals were only humored
to the extent of taking large volumes of evidence,
which well represent both sides of that momentous
question
;
of
course no final
action
was
1521
corresponding lour months of the previous year the
exports of the same articles amounted, all told, to only
611 tons. In exports of steel rails there has likewise
been considerable growth, the shipments in December
having been 7,522 tons; in January 4,960 tons; in
February 8,466 tons; and in March, as already
—
17,873 tons making for the four months
38,820 tons, as against only 1,993 tons in the correstated,
had or pondlng four months
even approached. We do not remember a seeslon
that was prolific of so little criticism or even remark
by the daily press. Generally there is a feeling of
relief in business clrclo3 when a Congressional sitting
ends. Not anything of that kind is noticeable to-day.
Ab there had been no tension produced, there could
be no let-up experienced. Currency reform legislation would have been welcomed by conservative
classes, but no general law of that character was
expected, and consequently there was no disappointIt had been hoped at
ment felt at the omission.
one time that the Hill bill to "improve" the currency
The
lull in
of 1902-3.
the domestic
demand whloh has
lately
become noticeable may no doubt be ascribed to uncertainty as to the probable action of Lake Ore
interests in fixing a schedule of
prices for the season
and determining tonnage and allotments. The " Iron
Age," in its report this week, states that from nearly
all the main distributing markets come complaints of
dulness in pig iron, with, however,
sure
to
sell.
employment
The same
little
actual pres-
authority also says that
in the heavier lines of finished iron
and
accompanied by
the remark that " the tonnage of steel which goes
would pasB, but it, too, failed. The most notable Into consumption is enormous." May we not, theremeasures adopted during this and the extra session fore, assumejthat as soon as thisjuncertainty regarding
were the Cuban reciprocity and the Panama Canal. the position of ore, which lies at the bottom of
What was known as the Statehood bill passed the everything else In the iron and steel trades, is reHouse but not the Senate, and so remains for the moved, the markets will again take on a more hopeful
action of that body at the next session. A bill re- look. The situation in the particular mentioned
lating to Civil Government in the Philippines and ought to be definitely determined the oomlng week.
commerce between those islands and the Pacific An important step forward was taken last week when
the Bessemer Ore Association reached a tentative
Coast was enacted and approved.
agreement fixing the basis price of ore at $3.50 against
iron
and
steel
are
markets
for
domestic
While the
$4.50 last year.
There is to be another meeting of
rather quiet for the time being, the really noteworthy the Ore Association on May 3d, at whloh final action
feature is the way the export branch of the trade is will be taken on the question of prloe, and when alBo
steel
continues light, and yet this
is
being developed. We referred to this characteristic a determination will be reached as to the matter of
two weeks ago, but the receipt now of the detailed output.
statement of the country's foreign trade for March,
The death of John K. Cowen recalls the Important
showing that the outward movement of steel has atmakes
part
played by Mr. Cowen in the reorganization and
tained even larger dimensions than supposed,
Taking rehabilitation of the Baltimore & Ohio property. Mr.
simply the shipments of billets, Ingots and blooms, we Oowen is entitled to distinction for two important acts
find that the exports for March reached 36,908 in his life— one, his condnct of the affairs of the railmonth last year road just mentioned, and the other his attitude at
corresponding
tons.
the
In
and blooms the time of the crisis in the oountry's financial affiirs
ingots
billets,
just
tons
of
167
went out. In addition 17,873 tons of steel rails when the question of the debasement of our monetary
were exported in March 1904 against only 415 tons in standard was the point at issue between the two great
March 1903. We are confining ourselves to these two political parties. Mr. Cowen had been a Democratic
items (disregarding the exports of iron and also of the Congressman from Maryland, but espoused the cause
various minor forms of steel) because it is In these of sound money when the Issue was clearly presented
items that the export movement is of largest propor- —refusing to support Mr. Bryan and giving his vote and
portions.
The shipments have been steadily growing his efforts to Mr. McKinley. On acoount of his promever since last December and they reflect the efforts inence and the influence he commanded, his action on
to offset the loss of home demand, at least to some ex- that occasion was potent for much good. In the matter of
the Baltimore & Ohio Bailroad, Mr. Cowen had been
It will be retent, by gains in the foreign markets.
membered that in November leading steel interests General Counsel of the company for a score of years
were successful in inducing the trunk line railroads when he was called upon to assume the position of
His acts and administration quickly
to reduce their ir eight charges on export shipments chief executive.
In pursuance of demonstrated that he was the right man for the place.
of steel and steel products, and later
The Court appointed him one of the receivers, and
the same policy of diminishing the cost at which
goods could be delivered they also asked reductions his successful management of the property marks one
in the wages of employees, besides inaugurating other of the important events In American railroad history.
He recognized that there was only one way In which
economies.
the
outlets
Baltimore & Ohio could expect to compete on
The success of the efforts to find foreign
the
even
terms with its aggressive rivals on the north,
examine
becomes very plainly manifest when we
Thus in among them the Pennsylvania RUlroad, and Its
foreign trade figures month by month.
December the exports of billets, ingots and blooms equally bothersome rivals oa the south, like the
amounted to only 4,066 tons ; in January there was Norfolk & Western and the Chesapeake & Ohio.
to
Improve
and
an increase to 17,184 tons; In February to 26,206 This policy was
the
raise
standard of
the property so
as
to
tons; and now for March to 36,908 tons. In the physical
further reference to the matter desirable.
—
—
THE CHRONICLE.
1522
[Vol. lxxviii.
respondent further advises us that tbe loss was due to
handle an Increased volume of ton
of
the import of £81,000, of which £50,000 from Egypt
nnlt
cost per
nae;e at a steadily diminishing
traffic.
To that end he spent millions upon millions and £31,000 from Australia, aid to shipments of
of dollars.
We doubt if there ever was a railroad re- £136,000 net to the interior of Great Britain.
ceivership where money wa3 poured out with such a
The foreign exchange market was active and lower
lavish hand.
But the result justified these extensive
this
imof
work
week, iLfluenced in part by the satisfaction of the
The
and extraordinary outlays.
same
provement has been continued since Pennsylvania in- demand through gold exports for exchange for remitterests have become dominant in the property, the tance, though chit fly by the offerings of bills drawn
expenditures in this way during the last three or four against such exports. The announcement on Saturyears having been of enormous proportions, second day of last week that the contract for the sale of the
only to those of the Pennsylvania Railroad itself ; but Panama Canal property had been signed In Paris was
it should always be remembered that it was Mr. Cowen followed by the engagement of about $4,600,000 gold
for export to Paris on Tuesday, but exchange was not
who took the Initiative in the matter.
enable
it
to
afftcted thereby for the reason, as stated, that the bills
rates of discount by
against the intended export had been previously sold.
There was no change in offioial
any of the European banks this week and unofficial or On Monday the tone of the market was easier, influopen market rates were, compared with last week, enced by further engagements of about $2 000,000 gold
for export on the following day, against which there
firmer at all the principal centres.
The statement of the New York Associated Banks was apparently free selling of sight sterling. It may
last week showed new high records for loans, cash be noticed that the Kaiser Wilhelm der Grosse, which
and deposits, and the surplus reserve was the highest carried Tuesday's consignment or $6,637,912 28, had
Loans increased $3,136,200, the largest amount of the metal ever exported by a
since May 27 1899.
reflecting corporation borrowing, and the cash reserve single steamer, with the exception of that of $7,330,was augmented by $9,963,100, resulting from transfers 000 which was forwarded by this vessel in November
hither from San Francisco of the proceeds of Japanese 1901. On Tuesday about $500,000 gold was engaged
gold and also the net movement of money from tbe for shipment to Havre by the French steamer sailing
Deposits were increased $12,256,000 and on Thursday, and on Wednesday further engagements
interior.
thereby
augmented of over $2,0C0,000 were announced for export by this
reserve
was
required
the
$3,064,000. Deducting this sum from the gain in vessel, making $2,524,113 53 shipped on Thursday.
cash left $6,899,100 as the increase in surplus reserve, There was a sharp fall In exchange on the announce*
Calculated upon the basis of deposits ment of this latter engagement, iLfluenced by the sale
to $34,203,700.
less those of $56,205,500 public funds, the surplus is of bills against the gold to be exported, and also by the
$48,255,075. The bank statement of this week should fact that the demand for remittance would thereby berefleot, among other items, the transfer hither from temporarily satisfied ; a fall in the rate for exchange
San Francisco of $1,709,000, of which $1,465,000 at Paris on London also affected the market. On Thursrepresented Japanese gold. It is reported that about day the tone was easier, responding to a further decline$3,000,000 in yen arrived at Vancouver, B. C, on in French exchange on London. On Friday $3,700,000
Saturday en route to this city by express, and that gold was secured for shipment on the following day*,
$2,408,000 more of such gold is nearly due to arrive of this sum J. P. Morgan & Co. obtained $3,500,000,
The exports of the metal to of which $1,750,000 was gold coin. The gold export*
at San Francisco.
Europe during the week, which will also be reflected for tbe week amounted to $12,862,025 81, making
In the bank statement, were $12,862,025 81.
$19,852,045 68 since the outward movement began on
April 7. O wing to the fact that a Russian loan for about
Money on call, representing bankers' balances, $160,000,000 has been reported soon to be announced,
loaned uniformly each day this week at 1£ per cent
and at 1 per cent, averaging about II per cent.
Banks and trust companies generally loaned at the
Time loans continue to be freely
market rates.
offered without attracting much business, and rates
on good mixed Stock Exchange collateral are 2\
per cent for sixty and 2-fc per cent for ninety days,
2£ for four, 3 for five, 3£@3£ for six to seven and
months.
Com
mercial paper is in somewhat urgent demand, not
only by local but by interior banks, while the supply
Is comparatively small.
Rates are 3f per cent for
sixty to ninety day endorsed bills receivable, 3f@*i
per cent for prime and 4£@5 per cent for good four
to aix months' single names.
3|@4
per cent for eight
to
nine
was regarded as probable that the gold exports this
week had been stimulated to some extent by efforts of
French bankers to make preparations for this issue.
It was also surmised that the large exports were la
great part due to inducements cffared American bankIt is positively stated,
era to forward gold to Paris.
however, by some of those who participated in the
movement, that not only were no inducements offered
for the shipments, but that they were arbitration
exchange operations which were made possible by the
it
condition of the market for Frenoh exchange on Lon-
There wa3 an advance In the Paris rate on
Loudon of 1$ centimes on Friday, to 25f. 11 \z., which
may serve to check the export movement of gold.
The Assay Office paid $650,302 29 for domestic bullion.
Gold received at the Custom House during the week,
don.
The Bank of England minimum rate of discount $47,272.
remains unchanged at 3 per cent. The cable reports
Nominal rates for sterling exchange are 4 85-1® 4 86
discounts of sixty to ninety-day bank bills in Loudon for sixty- day and 4 88 for sight.
Rates for actual
2^@2g per cent. The open market rate at Paris is 2£ business on Monday were 10 points lower for long,
per cent, and at Berlin and Frankfort it is 3 per cent. compared with those on Friday of last week, at 4 8520
According to our special cable from London, the Bank @4 8530, while short and cables declined 5 points, to
of England lost £55,210 bullion during the week and 4 8725@4 8730 for the former and to 4 8750® 4 8755
held £34,485,455 at the close of the week.
Our cor- for the latter. On Tuesday long was unchanged,
.
.
APR.
THE CHRONICLE.
30, 1904.
short
while
1
points,
5
fell
cables 10 points, to 4
4
to
8740@4
8720@4
On
8750.
and
Wednesday
8725,
the market was weak at a decline of 20 points all
aronnd—long to 4 85® 4 8510, short to 4 87@4 8710
and cables to 4 8720@4 8730. O a Thursday the tone
1523
RUSSIA'S FINANCIAL EXPEDIENTS.
For several reasons great
interest has been excited
by the persistent reports abroad these past two weeks
that the Russian Government was negotiating for a 5
per cent bond Issue to be placed on the Continent and
to run for a short term of four years or thereabouts.
was easy, long failing 10 points, to 4 8490® 4 85,
short 5 points, to 4 8695@4 8705, and cables 5 points,
have come from various quarters and in
to 4 8715@4 8725. The market was steady on Friday, The reports
may or may not
with long unchanged and short and cables 5 points considerable detail. The expedient
be eventually adopted in this shape; but it has some
higher.
The following shows dally posted rates for exchange intrinsic evidence of probability, and may[at any rate
fairly be accepted as the basis on which discussion of
by some of the leading drawers.
Russia's finance has this
DAILT POSTBD RATES FOB FOREIGN EXCHANGE.
MOS.,
FRI.,
Apr. 22. Apr. 25.
Brown
60 days
Brothers
( 8igbt
( 60 days
Baring,
Magoun 4 C« ( Sight
( 60 days
Bank British
No. America \ Sight
5 "0 days
Bank of
{Sight..
Montreal
Carailan Bank < 6fl days
of Commerce.. ( Sight
Ileldelbacn.lck- j 6* days
elheimer & Co. < Sight
( 60 d»ys
Lazard
Freres
< Sight..
Merchants' Bk. (60 days
(Sight..
of Canada
}
.
86
4s8
88
4 86
86
88
86
88
8*
88
86
88
86
88
86
.
.
.
4 81
.
.
4
8-1
4
88
4 8^
4
f-S
4 86
488
.
4 8S
4 88
.
4 88
4 88
4 86
TUKS..
Apr. 26.
88
86
83
4 88
WKD..
i4pr. 27.
Apr,
88
88
86
83
86
88
86
88
86
88
86
86
88
86
88
89
88
86
88
86
88
86
88
c-8
80
Si
85
80
We
Thctr.,
86
88
86
68
FBI..
Apr.
28.
29.
86
88
86
85*
85«
88
86
88
P6
88
86
88
86
88
86
8s
86
83
fc8
88
88
83
86
88
88
68
86
88
86
88
88
The market closed on Friday at 4 8490@4 85 for
long, 4 87@4 8705 for short and 4 8720@4 8730 for
Commercial on banks, 4 8455@4 8465 and
cables.
Ootton for
documents for payment, 4 84® 4 84 J.
payment, 4 84@4 84£ ;
acceptance,
cotton for
4 8455@4 8165, and grain for payment, 4 84A@
4 84|.
The
to
Oar
say that the
month converged.
report has intrinsic plausibility.
reason for this opinion
is,
first,
that Russia can
hardly defer much longer the raising of fresh war
funds from the outside reserves of capital, and, second,
that the project of a short-term, high-rate bond would
amount
to adapting the Russian
to the existing situation of the
Government's requests
markets.
has been
rather generally alleged, since the war broke out on
February 7, that Russia had no need to borrow; that
It
Treasury already possessed abundant available resources, both in its stock of gold at home and in its
credits on other European markets. The facts regarding home and foreign resources were as alleged, but
the conclusion was not so sure. At the opening of
February the Imperial Bank at St. Petersburg held
$370,000,000 gold, and reported gold credits abroad of
Even accepting the rather common
$85,000,000.
estimate of a million dollars a day as the cost of a
first- rate war, this fund would apparently suffice to pay
for a year and a quarter of hostilities.
its
movement of money
But this calculation overlooks several essential facts.
by the New York banks.
One is that the outside balances have commonly been
following ^Ives the week's
and from the
Week ending April
interior
Received by
Shipped by
N. T. Banks. V. r. Banks.
89, 1904.
Total gold and legal tenders
—
Net Interior
Movement.
$ 8.743,000
891,000
$4,363,000
709,000
Gain. $4,3-0.000
182,000
Gain.
$9,834,000
$5,072,000
Gain. $4,662,000
Wiih the Sab-Treasury operations and the gold
exports, the result
is
reserved for Russia's very large interest payments on
its already outstanding debt, the great bulk of which
This enormous external interest
charge goes on, irrespective of diversion of other funds
to war expenses.
A second qualifying faot is that the
large gold holding of the Imperial Bank was implicitly
Is
in foreign hands.
pledged, up to eighty per cent of
as follows.
its
present total,
as a reserve against the note issues; which, since 1897,
Week endlna
Banks Interior movement, as above
Sub Treas.oper. and gold exports.
Net Change in
Out of
Into
Banks.
April 29, 1904.
Bank
Banks.
$9,634,000
24,200,000
$5,072,000
30,200,000
Holdings.
Gain. $4,562,000
have been made redeemable in gold. It was possible,
and was indeed suggested when the problem of war
came in sight, that gold payments might
$35,272,000
$33.S34,<>00
Loss. $1,433,000
Total gold and legal tenders
be suspended and the gold reserve need for current
expenditure. But the Russian Exchequer has publicly,
The following table indicates the amount of bullion
and very wisely, rejected this expedient. Not only so,
in the principal European banks.
but it has added to its internal note circulation,
thereby of course increasing the amount of the gold
April 28, 1904.
April 80, 1903,
Loss
e.000,000
flaance
first
...
Bank
of
Gold.
Silver.
£
£
England...
34,485,455
France. ..
Germany*,
97,200,511
44,74 1,8 71
34,91(5,000
12,208,000
Russia
84,150,000
8,017,000
Aus.-Hnnt
47,482,000
14,676,030
22,120,000
5,456,008
3,080,000
12,985,000
Spain.
Italy
Netherl'ds
Nat. Belg.'
Tot. week.
Tot. prev..
Total.
19,876,000
3,817,200
6,565,500
1,540,0J0
34,485,455
141,945.382
47,184,000
92,167,000
60,467,000
34,552,000
25,937,200
12,021,500
4,620,000
Gold.
lotal.
Silver.
£
£
35,34 ',486
99,814,286! 44,272,150
33,336,000^ 11,713,000
8,291,OC0
76,270,000!
45,978,000, 13,082,0
14,457,000
17,699,000
3,936,100
3.086,000
20,323,000
2,266,400
6,570.800
1,543,000
35,347,486
141,088,486
45,049,000
84,561,000
59,060,000
34,810,000
19,985,400
10,'.06,900
4,629,000
343,665.966 109,813,571 453,379,637 329,853,872 103,081,850 138,015,822
343,734,558 109,328,586 453,063,144 329,936,528 107,817,186 487,763,692
reserve theoretically set apart as security.
How
the maintenance of gold payments has been
wise
may
be
inferred from the experience of other States. Granted
continued increase in the note emissions, without assurance of continued convertibility, and we should
presently have a violent rise in Russian prices (with
consequent increase of the cost of war), followed by
forced expulsion of such gold as was not retained
arbitrarily.
The London
financial
press has lately
urged Russia to export gold voluntarily in payment of
* The division (between gold and silver) given In oar table of ooln
In an emergency such procedure
Bad bunion In the BanB of Germany and the Bank of Belgium 1b made outside liabilities.
from the best estimate we are able to obtain; In neither oaee Is it would no doubt be wise; but for reasons already stated
claimed to be aoourate, as those banks make no distinction in their
it would tend to complicate the internal currenoy
weekly returns, merely reporting the total gold and
believe the division we make is a olose approximation.
silver,
bat we
t The Austro-Hungarian Bank Statement is now Issued In Kronen and Heoer Instead of Golden and K rentier. The reduction of the former currency to
sterling M was by considering the Gulden to have the value of 60 cents. At
the Krone has really no greater value than 20 cents, our cable correspondent in
London, in order to reduce Kronen
B, has altered the bails of con version by
dividing the amount of Kronen by 34 instead of 80,
situation.
When,
was observed some few week s
since that Russia's credits on outside markets wd
running down very rapidly, renewal of loan negotiaThese negotlations became a natural consequence.
therefore,
it
THE CHRONICLE.
1524
had some things in favor of them
and some against them. In their favor first was the
fact that the French investing public, the largest
holders of Russian bonds, had shown in the sequel to
the Bourse panic of February 20 unimpaired faith In
Bussian public credit. As is now well known it was
this real Investing public which came into the market
when the frightened speculators were throwing over
stocks.
After this experience Russia's requests would
naturally be received in a somewhat different way
than they were at the first outbreak of war. There
would at all events not be left a disorganized and
panic-stricken market on which the banking subscribers to the loan must realize.
On the other hand, the congestion of the market
for high-grade investment securities has been as noteworthy in Europe as in the United States. The same
reluctance to commit themselves has been visible
among English and Continental bankers as among
our own. This could perhaps have been met by offer
tione at this time
of a
new loan
at a very large discount, or at a very
high rate of interest. But to this there may very
well have been objections on the part both of borrower and lender. Russia would possibly argue,
as our borrowing corporations have of late been arguing, that return to the previous basis of investment
issues is a matter of a relatively brief time, and that
to burden the Empire with a higher annual interest
rate for another generation would be short- sighted
policy.
The Continental bankers might allege, in
their turn, that by loaning their capital on such
terms that return within a relatively brief period
would be assured, averts the perpetual tylng-up of
large sums of capital at a time of uncertainty.
So
much, at all events, may be taken for granted as a
phase of recent discussion of the matter on the foreign
[Vol. lxxviii.
Union and other telegraph companies.
The
relief
prayed for was the granting of an injunction restraining the Christie Grain & Stock Company from receiving or surreptitiously acquiring from the telegraph
companies the market quotations representing the
dealings on the Board of Trade and also restraining
the telegraph companies from entering into any contracts with the Christie Company for the delivery to
them
of the quotations furnished the telegraph companies by the Board of Trade.
Upon
the pleadings and proofs in that action the
Circuit Court found in favor of the Board of Trade,
a decree as prayed for. The case, however, then went on appeal to the United States Circuit
granting
it
Court of Appeals for the Eighth Circuit (before Sanborn and Van Devanter, Circuit Judges, and Shiras,
District Judge), and there the decree of the lower
court was reversed. The Court of Appeals, speaking by
District Judge Shlras, contended that the Board of
Trade did not come with clean hands nor for a lawful
purpose, and for these reasons
be denied.
The opinion
its
prayer for aid must
in that case
asserted that
there was absolute unanimity in the evidence to the
effect that
much
the larger part of the transactions on
the Board of Trade were deals wherein it was not expected or understood that there would be any delivery
of the article nominally dealt in, but the same were
through and settled by methods clearly devised to avoid the need of actual delivery.
The view
expressed was that "the Chicago Board of Trade
maintains in its Exchange hall a place wherein
transactions coming within the Inhibition of the statute are permitted and carried on and the preparation
and sending out of the continuous quotations of prices,
based upon these forbidden transactions, are intended
to aid its members, as well as outsiders, in engaging
markets.
In speculative gambling on the rise and fall of the
Another and equally noteworthy element in the market, and therefore in both these particulars the
pending negotiations should be briefly mentioned. Board of Trade violates the plain provisions of the
It
can hardly be
doubted
that
the
arrival (Illinois) statute."
the
of
day
for
When the text of this decision appeared, the
transferring
to
Paris
the
$40,000,000 capital due for the Panama
opinion
quickly gained ground that such an erroCanal
has
considerably
influenced
the
attitude
of neous notion of the dealings on the Chicago Board of
Continental financiers. It must be remembered that Trade could not long prevail in the courts. The exso great a remittance, to the open investment market, pectation thus entertained has just been confirmed.
is a most unusual occurrence.
Not to mention the We now have a decision in a precisely similar case,
French indemnity to Prussia, even the more recent this time by the United States Circuit Court of Appeals
$20,000,000 payment by the United States to Spain in for the Seventh Circuit (before Jenkins, Grosscup and
1899 was a transfer, not to investing capitalists and Baker, Circuit Judges), in which the conclusion i&
institutions, but to a government.
The pending reached that the dealings on the Board of Trade are
operation means the placing of this fund in the hands legitimate in every way, and that therefore the comof people whose immediate business naturally would plaint of the Board of Trade must be sustained.
The
be to re-Invest it. Such a situation, involving posses- case was that of the Board of Trade of the olty of
sion of so great a sum, could hardly fall to affect Chicago against the L. A. Elnsey Co. et al., comdecidedly the position of Europe's
investment monly known as the Indiana bucket shop case. In
markets.
this instance the lower court had dismissed for want
of equity the bill of complaint to enjoin the Indiana
BOARDS OF TRADE
PRODUCE defendants from purloining the Board of Trade quoEXCHANGES
BUCKET SHOPS.
tations.
The claim set up was like that in the earlier
Some seven months ago the United States Circuit case, the contention being that the Board of Trade
Court of Appeals for the Eighth Circuit gave a de- had no standing in a court of equity, for either or
cision (in the case of the Chicago Board of Trade both of two reasons: That the quotations are contraagainst the Christie Grain & Stock Company of band and may be seized by any one with impunity;
Kansas City) which in effect declared our leading pro- that the Board of Trade, even if the quotations
duce exchanges to be on a level with bucket shops. The themselves are not contraband, comes into Court with
Board of Trade had, on April 18 1901, filed a bill in unclean hands In this, that it seeks to exclude all
equity In the Circuit Court of the United States for others from using property (the quotations) which
the Western District of Missouri against the Christie might be put to good uses, in order that it may aid
Grain & Stock Company and against the Western I its members in maintaining gambling in grains and
AND
NOT
carried
Apr.
THE CHRONICLE.
30, 1904. J
provisions which
Exchange
it
permits to be oarried on in
its
of Trade.
Direct settlements are those directly
made between members and
hall.
was also urged that the percentage of trades in which
actnal deliveries were made was very small. The U. S.
Circuit Court of Appeals, in the opinion rendered in this
latest case, takes sharp issue with the conclusions in the
other case, saying it deems it unnecessary to determine
whether the percentage of trades in which actual deliverThe finding of
ies were made was five or twenty -five.
the one figure or the other would not prove what proportion of the remaining no-delivery transactions
was gambling. Of the no-delivery transactions an
"hedging contracts."
indeterminate number were
Here It may be well to stop long enough to define what
The master,
is meant by a "hedging" transaction.
It
in his finding of facts, stated that the principals
are engaged in
Board
1525
hedging transactions
are,
speaking, either grain merchants, millers, or
facturers of grain produots.
The method
who
generally
manu-
of
such
principals was described thus:
When they have bought grain in the country or in
city warehouses which they propose to hold for future
sales to domestic or foreign purchasers, they at once
sell in the pits of the complainant association an equal
amount
are effected by offsetting
similar contracts at the oloae of business hours each
day.
Differences are ascertained based on the prices
of the contracts,
and the aggregate
of such differences,
whether a debit or credit, is placed In each instance
upon the Clearing- House sheet. The "ring" method
of settlement is more complicated and consists in
"ringing out" time oontracts by elimination and subThese methods of closing out and settling
stitution.
contracts had been relied upon to show that the Board
But the
of Trade was conducting an Illegal business.
Court says that the "direct" and "ring" methods of
settlement between members might cancel out ninetenths of the bids back and forth between the
members and yet every contract be perfectly
legal and enforclble between the principals and every
principal satisfied by receiving a "substitute" contract.
"If a seller intended not to deliver but to
settle on differences if prices rose, the buyer who entered Into the contract in good faith and who desired
to receive the property could not force the seller to
deliver.
In every such case there would be no delivery, but the buyer would have a valid cause of
of grain ; or, on the other hand, if they have
gold to domestic or foreign purchasers grain or grain action."
products, for future delivery, they at once buy in the
The view was expressed that undoubtedly gambling
pits of the complainant association an equal amount was going on in the Exchange hall; but it was conof grain for future delivery at times corresponding
trary to the by-laws of the Board of Trade.
The
with the times of their selling contracts. And thus,
when they have oontracts of purchase they have con- latter was chartered by Illinois for a lawful and useful
tracts of sale for future delivery in the pits practically purpose, and it adopted and promulgated suitable
even with their purchases, and if they have contracts by-laws and rules. The Court was decidedly of the
of sale with domestic or foreign purchasers they have opinion that the record failed to show that the domincontracts of purchase for future delivery in the pits
ant feature of the dealings between members was unpractically even with such contracts of sale.
The object of suoh hedging is to insure against loss by lawful, much less that the Board of Trade as a'creature
fluctuation in the market in the commodity which the of the State of Illinois was violating its charter or
principal is carrying or which he has sold in advance was partioeps criminia in what gambling the members
of purchase and manufacture upon a time contract.
carried on.
The Circuit Court of Appeals,
referring to these find-
The Court thought, however, little importance need
ings of the Master as to the nature and character of be attached to the preponderating character of the
hedging transactions, said that if it felt called upon to transactions. The real subject matter of the suit was
—
give a definite opinion of hedging the record might
the property right in the news that is in the reports
a manufacturer's of prices. Even if it were true that 95 per cent of
or merchant's insurance against price fluctuations of the dealings in the Exchange hall were wagers, the
well lead
it
to find that
hedging
is
and no more damnatory than insurance of same prices applied on transactions that were not
property and life, which in one sense are wagers that wagers, and the quotations sent out show the figures
the property will not be destroyed during the term at which honest dealers may secure contracts. Millers,
and that the life will not fail in less than the expect- grain buyers, elevator companies, govern their dealancy in the actuaries' tables.
ings by the market prices made in the Board of Trade
A large proportion of the no-delivery transactions Hall. The news therefore serves, or at least is capmight be "speculative," but the Court said that able of serving, a useful purpose. The prices made
speculation is not unlawful. One may buy any sort in the transactions are the prices that farmers and
of property to hold for a rise; one may contract to shippers can get, and
the news of the prices
buy or sell property not in possession or in existence and the dissemination thereof are valuable to
at the time; and lawful contracts may lawfully be the
community. News, said Judge Baker (who
materials,
advance of the time of performance. If a
contract lawful in form is entered into, it is lawful in
fact, even though one of the parties never intended to
perform his part of it. That is, the intent that the
lawful form shall cover a sham must be mutual to
make it a sham. "We think the conclusion that
because in 95 per cent of the trades no deliveries
were in faot made, it was intended that in those cases
deliveries should not be made, and that the parties in
nineteen instances out of twenty were using the forms
of lawful contracts to cover mere wagers on the
future prices of commodities, is not warranted by the
settled in
the opinion), may be
an object of
lawful ownership, though nine-tenths of the things
reported
be unlawful.
Nor should the property in
this
continuous
case (the
news,
the
quotation of prices) be adjudged contraband because it is susceptible of bad uses as well as good.
delivered
" Gamblers
may
on prices
according to Board of Trade quotations, and this
quite irrespective of the faot, if it were the fact, that
95 per cent of the transactions in the Board of Trade
hall were lawful, just as Indiana grain dealers may
make and settle their honest contracts on the basis of
facts in the record."
the Board of Trade's quotations regardless of the fact,
The Court then adverts to what are known as the if it were the fact, that 95 per cent of transaction 8
"direct" and the "ring" methods of settlement on the reported were gambling." It seemed to the Court,
in Indiana
settle their bets
—
THE CHRONICLE.
1526
>herefore, that the news,
aa
news, was not wlthou
v
the pale of protection.
Continuing his argument along these lines, Judge
Baker said: "The property concerned in this suit not
being contraband, shoild the Board of Trade be denied the writ of injunction even if it were true that
the Board of Trade permits gambling in its Exchange
Hill[?
We think not. Sappose'this^ non- contraband
news were collected and disseminated by the Associated Press.
If that company were complainant and
clean-handed its right to an injunction, the case being proper in other respects, would not be doubted.
But if complainant were a gambler or a thief, what
then? We think our answer has been sufficiently stated
in Fuller vs. Berger, 120 Fed. 274: 'Equity is not
concerned with the general morals of a complainant
the taint that is regarded must affect the particular
[YOL. LXXVIII.
requirement for the 8 per cent dividends
paid was only{$3,508,284
that is, over 17 per cent was
earned for the stock during the 12 months. This is
the result, moreover, after the usual liberal allowances
369, the
—
and other similar deductions.
for depreciation, losses
As a matter of fact these allowances in 1903 4 were
somewhat heavier than they had been in 1902 03.
For instance, the amount written off from Patent
Accounts was $553,773 and from Factory Piants and
Machinery $2,027,841, making $2,581,614 together,
as against $2,295,200 written off
the same way in
in
the preceding year.
President
points
Coffin
out
that
disturbed
the
financial and other unsatisfactory conditions of the
year considerably aff acted the company and that the
percentage of profit upon business done was smaller
than for the year preceding. H9 also says that the
right asserted in his suit. * * IE the defendant can do no
more than show that the complainant has committed
increased price
aome
and lower selling prices, all contributed to
same end. Examination of the report shows that
there were some other contributing causes. For instance, the profit upon securities sold was only $138,-
which affects the defendant only as it does the public at large, the Court must
grant the equitable remedy and leave the punishment
of the offender to other forums/ la this case the
appellees, citizens of Iadlana, have never had any
dealings with the Board of Trade respecting the quotations; they have not been misled or deceived by the
Board of Trade in any way; and they certainly are no
more concerned with or affected by the Board of
Trade's violations of the common law or of the penal
laws of Illinois than the general public."
To the ordinary layman the reasoning of the Court
in this instance seems sound and conclusive and shows
a clear comprehension of the methods by which business is carried on at our mercantile exchanges and
boards of trade ; whereas the reasoning in the earlier
case, that of the Board of Trade vs. Christie Grain &
Stock Company, appears forced and strained, and
display *n utter lack of familiarity or of understanding of the modes of business on such exchanges. We
see from a dispatch in the daily papers that the U. 8.
legal or moral offense
j
Supreme
v. c>art
has this week granted the petition
for a writ of certiorari in the suit against the Christie
Grain
& Sock Company,
effective
copper,
of
labor, large
higher-priced and
less
expenses in developing steam
turbines,
the
644 In 1903-04, against a similar profit in 1902-03 of
$973,649.
Here then we have a loss in this one item
This bears out what was said above,
that the aggregate of profits (including, of course,
this item of profit on sales of stocks and bonds) the
previous year had been exceptionally large.
The
of $835,000.
profi".
the
realized
from the source mentioned represents
amount obtained by the company on
disposed of in
securities have
securities
excess of the figure at which these
been carried on the books.
established policy of the
company
to
It is the
sell
securities
which there is no special reason for holding permanently.
In accordance with that policy, the company
parted with $1,733,920 (par value) of such securities
in the late year, bringing $1,295,456, while the
amount
which these securities had been carried on the
books was only $1,156,812, leaving a profit of $138,644.
at
la 1902-03 the sales reached $3,960,278 (par valae),
upon whioh $3,680,988 in cash was realized, against a
book value of $3,707,339, thus yielding a profit of
thus bringing the case up
In the course of time, therefore, we $973,649.
ahall have the opinion of the highest tribunal in the
Again, the Income derived from royalties, diviland on this question, which is of so much importance dends, interest, etc., was but $945,542 in 1903-4,
to all mercantile bodies throughout the country. against $1,462,803 in 1902-3, showing a loss on
What the outcome will be can hardly be regarded that account considerably in excess of half a million
for final review.
•
doubtful.
dollars.
THE GENERAL ELECTRIC COMPANY
REPORT.
We
have been favored with an advance copy of the
annual report of the General Electric Co. covering
the fiscal year ending January 31 1904. As was ex
pectea, the showing of profits is smaller than for
the
fiscal year immediately preceding, when,
however, the
amount had been exceptionally large. The report
gives the profits for 1903-4 at $7,789,370,
which com.
pares with $10,232,838 in 1902 3. As we
shall pres
ently show, there has been no such falling
off in the
company's manufacturing profits as
parison would appear to Indicate.
Taking the
this bare
com-
The
direct loss
from manufacturing
profics,
reduced to only a little over a mlllionldollars— which must be considered a very good showing
therefore,
is
considering the business conditions that prevailed, and
the fact furnishes testimony to the excellence of the
management. The truth is, the diminution in manufacturing profits would have been even less than here
Indicated except for the increased allowance for depreciation.
were
ing
The manufacturing
$41,699,618
depreciation,
781,191
profit.
and
the
etc.)
In
cost
sales
of
sales
$34,918,427,
1902 3
the
sales
1903 4
for
(Includ
leaving
were
$6,-
$36,-
685,598 and the cost
$28,844,881, leaving $7,840,717 profit.
The difference against the present
year, therefore, was $1,059,526.
But we have seen
figures as they stand, it is illustrative
of above that, In cost of sales, the allowance for patthe strength of position of this important
industrial ents, depreciation and amounts written off was $2,and jrtaklng that even after the deoreaae noted
the 581,614 in 1903 04 as against only $2,295,200 innet profit for the twtlvo months was more
than twice cluded in the same way in 1902-03.
the amount of the call for the dividends.
In other
The business done by the company in the late year
words, while profit, as alrealy stated,
were $7,789,- was the largest In its history. The amount of orders
Apr.
THE CHRONICLE.
30, 1904.]
received was somewhat smaller than in the year pre
ceding. As showing the extent of the growth of the
we may note
that in the
1527
With the $1,500,000
Increase, factory plants stand
on
the books at $6,500,000. How small this is may be
judged from the fact that eleven years before (that is
on January 31 1893), the amount had been $3,958,528.
five
company's operations,
annual
value
of
the
the'goods
since
1899
billed
years
has risen from $15,679,430 to $41,699,617.
In the interval of eleven years, an aggregate of
The First Vice-President, Mr. Eugene Griffin, states $14,295,519 was spent for additions of land, buildings,
that the New York Central placed large orders with machinery, etc., and no less than $11,754,047 of the
the company during the year for electrical apparatus amount written off.
Turning to the balance sheet, accounts payable
to operate its trains south of Croton, a distance of 34
Station.
And the Third Jan. 31 1904 were $1,810,664; In addition there was
miles from the Grand Central
Vice-President, Mr. B. W. Rice Jr., notes that the a deferred liability on account of purchase of Curtis
Central placed with the General Electric an order for turbine patents payable in instalments up to Feb. 1
30 electric locomotives, which will be used In haul- 1906— of $834,000. The company had at the same
ing the trains on the portion of the main line to be date $3,289,445 of actual cash and $44,149,516 of
thus equipped with electricity. Each of these loco stocks and bonds, notes and accounts receivable, and
motives will have a capacity of about 2,500 horse- merchandise inventories, etc. There were no notes
power; they are the largest, it is stated, ever developed payable, but there was on Jan. 31 1904 a contingent
fcr steam or electrical work and are of an original and liability for customers' notes discounted amounting to
unique design. Mr. Rice believes that this order is $525,832, of which, however, only $25,893 remained
The report states that
the forerunner of many others to be placed by steam outstanding April 20 1904.
railroads.
the Stanley Electric Manufacturing Co., the stock of
In the report of the previous year mention was which was acquired by the General Eleotric Co. early
made of the development of a new method of electric in 1903, carries a floating debt of about $2,500,000,
control known as the " multiple unit" system, in which it is proposed to liquidate in the near future.
which two or more of the cars in the train are each
CHARGES FOR MAIL
equipped with motors and controllers, and in addition
EXPRESS SERVICE.
with master switches and controlling lines, so that
they may be operated either individually or in train
A writer in or e of the popular magazines has recently
combinations of any required length, with or without revived the suggestion that the payments made to
other cars which are not equipped with motors, and railways by the express companies for the services
all may be controlled by the master controller on any rendered to the latter by the former constitute a proper
This system of multiple unit control is known basis for determining what the Government ought to
car.
as the Sprague General Electric system and is consid- pay for railway mall transportation, and has coupled
ered the most important recent development in with it the bald assertion that the express companies
electric traction work.
make much better bargains with the railways than
The report before us states that during the year does the Post-Office Department. The first suggestion
undt r review the General Electric Company secured is a natural result of a superficial examination of the
the order for the complete equipment of the elevated postal system, but Is wholly refuted by a comprehenroad in Boston with the Sprague General Electr o sive and detailed investigation of postal methods, and
system, and that orders for the same type of mul pie the second has no other ground-work than erroneous
unit control have been given by the Yerkes System of and absolutely misleading sta istlce.
underground roads in London to the British ThomsonTo begin with a generalization, it should be recogHouston Company and by the Metropolitan Under- nized that only official Incompetence or worse could
ground in Paris to the French Thomson-Houston result in relatively higher payments for mail service.
Company. The Central Underground Ry. of London, There is but one Post- Office Department in the United
it Is stated, has also equipped its entire system with States; there are several express companies, each seekthe Sprague General Electric oontrol.
In the repoit ing to expand its territory. Except for local mail of
for the previous year a table was given showing that relatively slight importance, the Post- Office Depart31 roads, with 2,081 carp, had been equipped with, or ment has the choice of rival routes, while when a railhad contracted for, thesystemof multiple unit control. way route is ready to make a new express oontract there
A similar table in the present report shows that on are usually two or more companies ready to bid for the
January 31 1904 the number of roads had increased exclusive privilege of operating over it. Therefore
there is competition at least potential for the business
to 53 and the number of cars to 2,595.
The company's conservative methods in the treat of the Post- Office Department; the express companies
ment of its accounts is well known. Duriog the year compete to have theirs done. It would be unjust,
$553,773 was expended in acquiring sundry patents however, for the Government to press its advantage too
and In patent litigation. All this, as already stated, far. It ought fairly to remunerate the railways for the
was included In expenses and written off. In addition services which they render, and it would be as Improper
$1,470,099 was separately charged to profit and loss as it would be contrary to public Interest to insist upon
and written off, representing the cost of acquiring rates so low as to entail losses that would certainly
be effaet by higher ratea for the transportation of paspatents of the Stanley Electric Manufacturing Com
sengers
or freight, or both.
Recognizing this prinpany and other interests and all turbine patents.
With these amounts charged against Income, the item ciple, Congress long ago adopted a general law fixing
to the rates of pay for railway mall transportation accordof patents, franchises and good-will continues
stand on the books at the small figure of $2,000,000. ing to a eliding scale, which causes a progroaive deCost of factory plants was increased in the twelve crease in the rate per unit of service as the volume of
The admirable working of this
months $1,500,000 ; the outlays for additions were service increases.
$3,627,841, but of this sum $2,027,841 was written law, which formally recognlzas and successfully applies
off, being
included In expenses, as noted above. the scientific principle that cost of railway servh
—
RAILWAY
AND
—
THE CHRONICLE.
1528
decreases as the quantity of service increases,
is
shown onable
by the following table, in which the average yearly
rates of payment per ton per mile/as calculated for the
[Vol. lxxvitl
to represent
them
as
willing to carry express
matter for half of the receipts from the lowest priced
services rendered.
The Joint Postal Commission,
Henry C. Adams, which employed Professor Adams, realized the error
Commerce Commission, into whioh he had fallen, and after spending days in
Joint Postal Commission by Prof.
Statistician to the Inter-State
a detailed examination of his report,
are presented.
Bate per
ton per mile
in cents.
17-866
17-828
17-670
17-182
16-487
16-567
16-268
15-656
14-968
Rate per
Ion per mile
m cents.
Year—
Tear—
26-420
23-732
23-866
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
23975 1885
23-960 1886
23167 1887
21-522 1888
20-596 1889
18-969 1890
Tear—
1891....
1892....
1893....
1894....
1895....
1996....
1897....
1898....
Rale per
ion per mile
in cents.
14-787
14-453
13-973
13-323
formally ex-
conclusion on this point as follows :
"Tiie evidence leads us to believe that if a comparison with the express transportation should be accepted
as controlling, it would be found that, taking every*
thing into consideration, the revenue and services
13109 rendered to the railroads by the express companies
12-964 exceed in amount and value the compensation paid the
12-665 railroads for the transportation of mail/'
pressed
its
12-567
The
which includes the foregoing extract
Surely a decrease of 62*43 per cent in twenty -five years was formally concurred in by Senators Allison, Martin
(no statistics later than 1898 are available) in the rate and Wolcott, and Representatives Loud, Moody (now
of payment for a service rendered on passenger trains, Secretary of the Navy), and Cotchings. These gentleand increasing in quality and complexity at at least men, who had spent three years investigating the
report,
a
question of railway mail pay, however, explicitly re-
wisdom of the statute by which it
has been brought about. Daring the same period the
jected the notion that comparisons with express pay
the general rate of passenger service development,
is
signal proof of the
are of any real assistance in the solution of the problem
average receipts per railway passenger per mile de- entrusted to them by Congress. Their report says
"The commission, however, have felt compelled to
creased but 30*80 per cent. Between 1890 and 1898
reject
the express business as the proper standard, for
the rate of railway mail pay declined 16*04 per cent,
three reasons:
while the average receipts per passenger and per ton
"First.
Because the testimony affords no full and
of freight per mile decreased 8*95 and 19*98 per cent, certain information as to what is the general or averrespectively.
But the writer who has been referred age amount of revenue paid by the express companies
to ignores all this and asserts "that the wastefulness to the railroad companies for any given weight or
—
in paying the railroads
is
a greater loss to the Govern-
ment than any petty 'graft' that a few dishonest
officials
may
secure."
Another sentence in Mb article discloses the slender
foundation for this sweeping oharge. It reads :
" After
all, however, the real test of the fairness or
unfairness of mail-transportation rates lies in a comparison between those rates and the rates that the
railroads grant to the express companies for similar
service."
The evidence
upon to sustain the assertion
that such a comparison shows that " on but one route
relied
space.
—
"Second. Because so many elements of compensation in the nature of ' mutual services/ joint employees,
etc., enter into the question of the value received by
the railroad companies from the express companies
which do not enter into the servloes rendered in the
carriage of mails.
"Third. Because of a radical difference in matter
oarried, the manner of its shipment, and the method
of ascertaining and fixing the charges therefor; and
also the difference between the service which eaoh
reoeives from the railroads.
" The evidence shows that the mail, on the one hand,
both in law and in the practical operation of the railroads, is given ^pre-eminence over all departments of
transportation, not even excepting passengers; while,
—
in the United States does the law of 1873 establish a
lower mall rate than the railroads make to the express on the other hand, the express companies must be
companies," consists wholly of a comparative table content with such facilities and service only as the
constructed four or five years ago by Prof. Henry 0. railroads see fit to give them after all other branches
Adams. The erroneous nature of this table has been of the passenger train service are fully provided for."
It the face of such an authoritative pronouncement
exposed over and over again, but another statememt of
based can do no from so distinguished and impartial a body of Senaharm. Prof. Adams assumed, with approximate ac- tors and Representatives, there ought to be no further
curacy, that the express companies pay over to the room for misunderstanding as to the relations between
If any further
railways for the services rendered by them one-half of express and mail services and pay.
the misconception on which
It
is
So far he did not err greatly;
but when he attempted to apply this rule, instead
of ascertaining the gross
receipts and tonnage
of the express companies on the routes
to be
compared, and obtaining therefrom the average
payment per unit of weight, he took the express rates
for 100-pound packages shipped between the termini
of the routes and credited one-half of these rates as
the payment for railway services. Now, express packages weighing 100 pounds are, as everyone knows, ex.
tremely rare, the bulk of the business consisting of
small and light packages of considerable value. Indeed, much of it consists of money and jewelry. The
rates for 100-pound packages are actually the lowest
which the express companies make, and those between
termini are naturally relatively lower than those for
their gross receipts.
purely local
service.
The
railways accept
express
business from the companies for half of the gross receipts of the latter from all sources, and it is unreas-
needed, a comparison of the aggregate
receipts of the railways from both services ought to
The annual report of the Statistician
be conclusive.
evidence
is
Commerce Commission
which ended with June 30 1902 shows
to the later-State
for the year
that during
the express companies paid the railways
$34,253,459 and that the Post-Office Department
that year
paid $39,835,844.
Thus the
per cent of the mail pay.
express pay was eighty-six
Does any one think that In
importance or bulk or weight or value the express
business of the country amounts to eighty-six per
cent of
its
postal business?
The popular
writer mentioned declares that the
Joint Postal Commission of 1898 to 1901 "recommended nothing." It is true that it rejected both
the demands of the enthusiasts who urged a fifty-percent reduction in mail pay, a ad that of Prof. Adams,
who thought that the railways might reasonably be
asked to contribute $3,000,000 to wiping out the
,
Apr.
THE CHRONICLE.
30, 1904. J
15:29
however, that M the Mechanics' National Bank (succeeding W. A. Nash); Secreprices now paid to the railroad companies for the tary and Treasurer, C. C. Thompson, Cashier Seaboard Na
transportation of the malls are not excessive," a fact tional Bank (succeeding Charles Elliot Warren). The Executive Committee chosen includes: W. H. Porter, President
certainly of some Importance in the discussion of
Chemical National Bank; Herbert L. Griggs, President Bank
mall pay.
of New York; Gilbert G. Thome, Vice- President National Park
Bank G. S. Whitson, Vice-President National City Bank,
Charles Elliot Warren, Cashier Lincoln National Bank.
ann
ITEMS ABOUT BANK8 BANKERS AND TRUST CO'8.
On Mr. R. Ross Appleton's motion, the group adopted resoThe public sales of bank stocks this week aggregate 252
lutions endorsing and urging the passage of the O'Neill bill
shares, of which 190 shares were sold at the Stock Exchange
amending the banking law, which was introduced at the
and 62 shares at auction. The transactions in trust company
The O'Neill bill desiglast session of the Legislature.
stocks reach a total of 42 shares. Stock of the National Bank
nates that trust companies shall hereafter make quarof Commerce has been sold at the Stock Exchange to the
terly reports to the Banking Department as State banks
extent of 160 shares, representing many small transactions,
Major Charles Elliot
are at present required to do.
the prices ranging from 208 to 215. Ten shares of stock of
Warren, the retiring Secretary, read a statement to
the Germania Bank, of which no public sale had been made
the Group from the Hudson Tri-Centennial Associasince January 1899, were sold this week at 601, an advance
tion of the City of New York (of which Thomas P.
of 170 points over the price paid five years ago.
Fowler, J. Pierpont Morgan and James Stillman are officers)
MhartM
Babtkr— Ntw Tork.
Price.
Last previout tale.
asking
their interest and co-operation in having the city con1904Bank,
1134 City
National
Apr.
266
265-271*i
•160 Oommeroe. National Bank of. 308-215
Apr. 1904— 205
struct an artistic bridge across Spuyten Dayvil at In wood
10 Consolidated National Bank.. 163
Deo. 1903— 160
35S
Heights. This bridge, extending the Riverside Drive and
4 Corn Exchange Bank
July 1903— 367
29 East Kiver National Bank.... 169»a
Mar. 1903— 160
Lafayette Boulevard to the Yonkers line, is to commemorate
10 Germania Bank
601
Jan. 1899— 481
5 Mount Morris Bank
214
Deo. 1903— 200
the three hundredth anniversary of the discovery of the
Tkdst Companies— New York.
River by Hendrick Hudson, September 12 1609.
10 Central Trust Co
1925-1930
Mar. 1904— 19*9»g Hudson
5 Lincoln Trust Co
330
Dec. 1903- 320
—The $1,000,000 of new stock recently issued by the Citi20 Metropolitan Trust Co
601
Mar. 1904— 606
zens'
Central National Bank of this city, as a result of the
1903—
5 United States Trust Co.
1460
Deo.
1496*a
Trust Compant— Brooklyn.
consolidation with the Central National Bank, has been
2 Brooklyn Trust Co
406
Feb. 1903— 475
listed on the New York Stock Exchange.
postal
deficit.
It
did report,
;
—
*
•[
—The
Sold at the Stock Exchange.
Of this 30 shares were sold at Stock Exohange.
—The Executive Council of the American Bankers' Association held its annual spring meeting in this city on Wednesday and Thursday.
At this meeting Messrs. F. G. Bigeiow of Milwaukee, E. F. Sweeney of Kansas City, President
and Vice-President, respectively, of the association, and
John L. Hamilton of Hoopeston, Illinois, Chairman of its
Executive Council, were appointed a committee to determine
when and where the next annual convention of the association will be held.
Mr. Clark Williams, Vice-President of
the United States Mortgage^ Trust Co. of New York was
elected a member of the Executive Council to succeed Mr.
William Mather of Cleveland, resigned.
At the annual convention of the association held last
October a resolution was passed favoring the adoption of a
banking money order system and the Executive Council, at
its meeting on Wednesday, decided to institute such a system. To that end it was voted that the Chairman of the
Council appoint a committee of five to make a contract with
some surety company to guarantee the orders. The visiting
members of the Executive Council were the guests of the
New York City bankers at a dinner given at the WaldorfAstoria Hotel Wednesday evening and later they attended
the comic opera "Yankee Consul" at the Broadway Theatre.
—Mr. Otto H. Kahn
of
Kuhn, Loeb
& Co.,
left
New York
week for a three-months' absence in Europe. Mr. Jacob
H. Schiff of the same house, who has been abroad for some
months, is expected home in a couple of weeks.
this
—The
Produce Exchange Bank will commence building
operations soon on its new twelve-story building, corner of
Broadway and Beaver Street— details of which we gave in
the Chronicle March 12.
—Brooklyn banks
and trust companies have,
appears,
given up the idea of establishing a local clearing house. It
is stated, however, that to avoid delay in making the daily
exchanges representatives of the banks and trust companies
of the western district of Brooklyn will meet every morning
in the Union Bank, in the Temple Bar Building, Brooklyn.
The New York Clearing: House, it is believed, has been or
it
will be asked to reduce its yearly charje to the Brooklyn
banks for clearing from $1,000 to the former figure of
$500.
—Sixty New York City banks were represented at the
annual meeting of the Associated Banks of the City of New
York, Group VIII., New York State Bankers' Association
held on the 23rd inst. in the New York Clearing House, for the
Mr. Fredelection of officers and the Executive Committee.
erick B. Schenck, President of the Mercantile National Bank,
presided as temporary Chairman in the absence of Mr. W. A.
Nash. The following officers were elected for the ensuing
year: Chairman, Gates W. McGarrah. President of the
Merchants' Trust Company of this city announces
that on and after May 2 its main office will be located at 846
Broadway, on the ground floor of the New York Life Building.
—A. A. Lisman and Harry Ingram (who has been associated with Mr. Lisman for some years) will continue the bond
business of Lisman, Lorge
Co. under the style of A. A.
Lisman
Co. at the address of the old firm, 25 Broad Street,
&
&
New
York.
—Mr. Raymond
Jenkins, President of the East River
National Bank, of 680 Broadway, this city, died on Saturday
last in his 61st year.
At a special meeting on Tuesday Mr.
David Banks, formerly Vice-President, was elected President
to succeed Mr. Jenkins, while Mr. Frederic T. Hume was
elected a director.
—A
new
plan for the reorganization of the International
Bank
Trust Co. of America, which went into receiver's
hands in December last, has just been made public. It provides for the incorporation of two new companies. One com"
pany, to be known as the Pan-American Securities Company,
has been organized under the laws of Arizona, with $2,000,000 capital, divided into $125,000 7-per-cent preferred and
$1,875,000 common stock. This division of stock is in order
that it can be exchanged for stock of the corresponding class
of the International Bank
Trust Co. The active or operating company, known as the Pan-American Banking Co.,
with §500,000 capital, in $100 shares, was incorporated under
the laws of West Virginia; this company is to have a surplus of $500,000, to be obtained from the sale of the stock at
$200 per share. A oontract between the two companies provides that the "Banking Company shall acquire the lease of
the premises in the city of Mexico, formerly occupied by,
and the good will of, the International Co. In consideration
of this the Banking Company agrees to undertake the liquidation and distribution of all the assets of the International
Co. without charge, except for necessary disbursements, and
in addition will pay annually in perpetuity one-third of all
its net earnings in excess of the amount required for dividends at the rate of 8 per cent on its paid-in capital and
surplus. Any surplus remaining after payment in full to
the depositors and creditors will be turned over to the
Securities Co., to be dealt with as the stockholders may
determine."
The Pan-American Banking Co., which is now doing businessjin Chicago, has recently combined with the firms cf H. L.
Turner & Co. and Level & Co. Mr. W. H. Hunt, the President of the Banking Company, is now in the city of Mexico
arranging to establish the new company there. Associated
with Mr. Hunt in the management of the Banking Company
is Mr. W. R. Travers, who is to hold the position of Secretary and Treasurer, Mr. Travers, who has been in the
&
&
:
.
THE CHRONICLE.
1530
[Vol. lxxviii.
banking business for over 25 years, is especally well known Mr. Charles H. Draper, the Second Vice-President of the
in Canada, having resigned as Manager of the Hamilton First National Bank, who has been connected with the bank
branch of the Merchants' Bank of Canada. The New York for over 45 years, resigned his position on Thursday.
office is located at present at 81 Wall Street.
—According to local papers, the newly organized CommonThe Securities Company is to obtain from depositors and wealth Trust Company of Boston on April 28th absorbed the
creditors of the International Company in Mexico agree- Colonial National Bank
of that city, and the latter institu.
ments for the settlement of their claims on the following tion will be placed in liquidation. The Commonwealth Trust
terms:
Co. has a capital of $1,000,000 and surplus of $500,000, which
All depositors and other creditors to agree to accept payment of
were also the figures of the Colonial National Bank. The
their claims In dividends of ten per cent eaoli as and when the aseete
of the International Company may be realized, those holding claims board of directors of the bank will occupy the same position
exceeding in amount five hundred dollars, Mexloan, to subscribe in the trust company, with the addition of others to repreone-half of the amount of the claim to the stock of the Pan-American sent new interests, and Mr. David J. Lord, the President of
Banking Company at two hundred dollars, gold, per share, the sub- the Colonial National
Bank, becomes President of the trust
scription pnoe in the United States.
company.
Shareholders
of the bank are allowed to purchase
If the amount realized from the assets be lnsufll olent to permit pay
one
share
of
stock
in
the
trust company for each share of the
nient in fall to the depositors ani other creditors, the deficit Is to be
made good by the issue and delivery to them at par of common stock of bank's stock held at $153 per share, and the trust company
the Securities Company.
will loan $153 on eaoh share of the bank's stock, so that the
-
It is intended that the Securities Company shall in effeot
take the plaoe of the International Bank & Trust Company
of America. The following propositions are submitted to
the stockholders of the latter
First— That each stockholder shall subscribe to the stock of the Pan"
Amerloan Banking Company, at two hundred dollars per share, ten
may acquire stock in the trust company without the raising of any additional money. The trust company
will return to shareholders, proportionately, any sum in exAll stock
cess of $153 per share obtained in liquidation.
must be deposited with the trust company before May 5th.
The trust company will conduct its business in the quarters
now occupied by the bank. The o barter for the trust comstockholders
per cent of his holding in the International Bank & Trust Company
of Amerloa. Each stockholder so subscribing, in addition to his stock
in the Pan- Amerloan Banking Company, will receive in exchange for
his stock, preferred or oommon, in the International Bank & Trust
Co. of Amerloa share for share in stock of the same class in the Pan
-
Amerloan Securities Company.
Second— Stockholders not wishing to eubsoribe for stock in the Pan
Amerloan Banking Company will reoeive in exchange for their stock
pany was formerly held by the Manufacturers' Trust Co. of
Holyoke, but name was changed by the Legislature on
March
26th.
—At
a special meeting of the Boston Clearing
House Asso-
an amendment to the constitution was adopted increasing the admission fee from $250 to $5,000 and fixing the
ciation,
Bank & Trust Company of Amerloa, preferred or
oommon, fifty per cent in similar stock of the Pan-Amerioan Seouri
ties Company.
Those of the stockholders who do not deem It to their interest to
exohange their stock on elther,of the two bases proposed will, upon the
In the International
minimum
of capital for
new members
mum had previously been
—The four principal trust companies
completion of the liquidation, reoeive their proportion of the surplus
at $500,000.
No
mini-
fixed.
of Providence, R.
I.,
Rhode Island Hospital Trust, Industrial Trust,
Company, after payment Union Trust
and Manufacturers' Trust, have deoided that
described;
realized from the assets of the International
'n full of the depositors and other creditors, as already
suoh surplus will be paid, for tbeir account, to the company.
viz.,
and
after April 30 they will reduce the rate of interest paid
accounts to 2 per oent per annum.
paid was 2^ per cent.
call
—The formation of the firm of T. A. Mclntyre & Co. is
announced. The members are Thomas A. Mclntyre, Laurence T. Fell, John G. Mclntyre general partners, and Chas,
W.
Gillet, special partner.
The
offices are at 71
Broadway
—James G. Marshall, Willard B. Spader, John Marshall,
Thomas W. Moorehead, August M. Fay and Langdon B.
Wood, general partners, and Roland C. Nickerson, special,
will compose the firm of Marshall, Spader & Co., to begin
business
May
Broadway.
1st at
the present offices of Mclatyre
&
Mar-
—A.
A. Lleman, Vioe-President of the Coal and Iron
National Bank, New York, and of the Mount Vernon Trust
Company, has been elected a director of the Ossining
National Bank, Ossining, Westchester County, in place of
Edward
P. Ailing.
—The stockholders of the Wallabout Bank of Brooklyn
have been called to vote upon a proposition to open a branch
of the institution in the Wallabout Market.
—The consolidation
is
announced
this
week of the National
Bank of Redemption and
the First National Bank, of Boston,
but the proposition has yet to be acted upon by the shareholders. It is stated that the National Bank of Redemption
is to be liquidated and that stockholders of that institution
will receive one share of stock of the First National Bank
and $120 in cash for each two shares of National Bank of
Redemption stock held, or, if preferred, they will be paid the
book value— $160 per share— for their stock. The new institution, which, it is stated, will be known as the First National Bank, will have a capital of $2,000,000, surplus of
|2,000,000 and deposits of about $35,000,000. It is reported
that the officers of the consolidated institution will be
Daniel G. Wing, President
E, A. Presbrey and G. G. MoCausland, Vice-Presidents, and Frederic H. Curtiss, Cashier.
:
;
The
on
rate previously
—The customary " Handy Holiday Calendar," prepared by
The firm are members of the New York Stock, Produce,
Cotton and Coffee Exchanges; the Chicago Board of Trade
and Chicago Stock Exchange; the New Orleans Cotton Exchange and the Liverpool Cotton Association, and intend to
engage in a general brokerage business in stocks, bonds,
grain, cotton and coffee, paying particular attention to conservative investments. Mr. Mclntyre, the senior partner, as
is well known, was the senior in the houses of Mclatyre &
Wardw*ell and Mclntyre & Marshall.
shall, 74
the
the Central National Bank of Philadelphia, showing the
holidays for the year 1905, is now available, and it comes into
immediate use in handling paper due in 1905. Two separate
calendars have been sent us, one for the State of Pennsylvania and the other for the States of New York and New
Jersey, the holidays in the latter t --.o States being identical.
The calendar is issued in handy cardboard form and undertakes to show the Saturdays, Sundays and holidays throughout the year and the dates when notes maturing on these
days are payable. Black numerals are used to denote the
"dead dates " and red to indicate when paper falling due on
such "dead dates" is payable.
In addition the list of States
which have abolished the days of grace is given and the
States where the Negotiable Instruments law has been
enacted are also shown. The Central National of Philadelphia has paid a yearly dividend of 12 per cent since 1875,
prior to which for one year it paid 11 per cent, for seven
years 10 per cent, 11 per cent in 1866, and for the first year
of its existence (1865) 6 per cent. In all, since it commenced,
$3,345,000 has been paid to its stockholders. The officials are:
Mr. Theo. Kitchen, President ; T, L. Da Bow, Cashier, and
William Post, Assistant Cashier.
—Mr. W. Spence Harvey has resigned as Vice-President of
the Tradesmen's Trust Company of Philadelphia, to devote
his entire attention, it is stated, to the practice of law.
—The board of directors of the Baltimore Trust & Guaranty Co. on Monday passed a resolution recommending to the
stockholders that the capital stock be decreased from $1,000,000 to $800,000 by payment of $300 per share for the 2,000
shares to be canceled.
The par value of shares is $100. This
reduction would also reduce surplus and undivided profits
from $2,400,000 to $2,000,000. Stockholders are to meet May
6 to act on the proposition. Mr. George C. Morrison has been
elected Acting Assistant Secretary and Treasurer of the institution in place of Mr. Henry W. Warner, who has been ill
for several months.
—The board of directors of the First National Bank of
Philadelphia have elected Mr. J. Tatnall Lea as President, to
succeed the late Mr. Morton McMichael, whose death was
announced in these columns on April 2.
J
Apr.
THE CHRONICLE.
30, 1904.
— According
1531
to the local papers a consolidation
is being
There has been a very considerable rise in all
tinued.
arranged of the First National and the Second National departments, especially in British Government securities,
banks of Yoangstown, Ohio. The new institution, it is British railway stocks and international securities. Even
stated, will have a capital of $1,C00,000, and Mr. Henry M. mining shares have advanced materially.
Garlick, Vice-President of the Second National, is spoken of
The inflaence of the Anglo-French agreement was heightas the head executive of the consolidated bank. The First ened by the signing of a convention between Turkey and
National Bank has a capital of $500,000, surplus and profits Bulgaria, whicn seems to show that the Sultan is really
of |385,510 and deposits of about $2,500,000, while the capi- anxious to avoid hostilities. A little while ago there was a
tal of the Second National is $200,000, its surplus and profits fear that he was disposed to take advantage of Russia's
$224,844 and deposits about $1,400,000.
embarrassments because of the Russo-Japanese war. But
E. L. Lobdell & Company, bankers and brokers in the apparently the drawing together of Eogland and France
Rookery, Chicago, have inaugurated a department for hand- has seriously disarranged his plana. Whether the two govling unlisted securities under the charge of Mr. S. C. Gregg. ernments have made communications to him is uncertain.
—A. O. Slaughter Jr. & Company, Chicago, move next But it is assumed that if he were to become unmanageable,
week into larger and more convenient quarters adjoining they would be prepared to send fleets to force the Dardanelles.
At all events, the apprehensions that were entertheir present office on the ground floor of the New York
tained a little while ago that the Sultan would obstinately
Life Building.
refuse to carry out the reforms, that war would break out
—In our issue of April 16 we stated that the annual con" with Bulgaria, and that therefore the peace of the
world
vention of the Georgia Bankers' Association would be held at
would be still further imperiled, have now disappeared.
Lookout Inn, Lookout Mountain, near Chattanooga, Tenn.,
People in general are satisfied that the Anglo-French
on June 28 and 29. Since that time the executive council of
agreement not only makes sure that the war in the Far East
the association has found it necessary to change the date of
will be localized, but also makes it certain that reforms will
the meeting, and it has accordingly been set for July 12
be carried out to some extent at all events in the Near East.
and 13.
The activity on the Stock Exchange was heightened further
—Mr. A. E. King has been elected President of the Peo- by the growing abundance and cheapness of money. And,
ple's National Bank of Roanoke, Va. to succeed Mr. George lastly, the impression is very general that next week an
H. P. Cole.
announcement will be made that the governments of EngA new banking institution for Norfolk is being organ- land and China have come to a final settlement with regard
ized, the name of the bank to be the Mercantile Bank,
The to the importation of Chinese labor into the Transvaal.
The Continental bourses have all shared in the activity,
capital, it is stated, will be $50,000, the first half having
recently been called by the directors. The new institution but in none has the rise been so marked as in London, partly
occupies quarters in the Virginia-Carolina Building, on At- no doubt because the depression upon the Continent was not
lantic Street, and will conduct a general banking business. previously as great as in London, and partly also because
Mr. C.C. Cobb is President; Mr. J. G. McNeal of Garysburg, speculation is still being diverted from Paris and Berlin to
London. The bourse laws in France and Germany make it
N. C, Vice-President, and Mr. R. E. Thompson, Cashier.
difficult to carry on successfully large speculative opervery
The Comptroller of the Currency has approved the appliations.
And therefore the larger operators in both countries
cation for a charter for the Citizens' National Bank of
Meridian, Miss., with a capital of $150,000, Among those prefer to carry on their business in London rather than at
interested are Messrs. W. A. Brown, Meridian; E. S. Bostick, home. Very much of the buying unquestionably in London
has been on French and German account.
C. C. Miller, J. E. Reed, W. G. Simpson, and others.
The French buying has not been very heavy either in
—The Hannibal Trust Company of Hannibal, Missouri to
British Government securities or in mines. But the French
which we referred in our issue of April 9— has completed its
have bought largely international securities, and more parorganization by the election of the following officials Presiticularly Brazilian, Chilian, Argentine and Uruguayan bonds.
dent, William J. Roth First Vice-President, Robert RobinThe Germans have taken British Government securities, and
Second Vice-President, Cyrus Albertson
son
Third Vicethey have bought South African shares on a very great
President, D. H. Hafner
Secretary, J. B. Pollard
Treasscale, especially the shares of companies controlled by great
urer, D. T. 8. Hickman Trust Officer, W. F. Chamberlain
German capitalists. They have bought on a smaller scale
Manager of Banking Department, V. H, Whaley.
—
,
—
—
—
:
;
;
;
;
;
;
;
—Mr. Samuel W. Jurden, President
Bank
of
Kansas City, Mo., has,
it is
international securities.
of the City National
The general impression is that the rise here has only just
begun. Of course there will be every now and then setDal- backs, But the best opinion in the city unquestionably is
stated, sold a large part
of his holdings in the institution to Mr. J. S. Corley of
Texas. Mr. Jurden has resigned as President and has
been succeeded by Mr. Corley, but retains his place on the
board of directors. Mr. Corley has also been elected a member of the board. Mr. Corley is now Cashier of the Western
Bank
Trust Co. of Dallas, Texas, which position, it is
stated, he will for the present retain.
las,
&
—The Kansas
City " Star " states that the Surety Trust
Company of that city has been merged with the Southwestern Trust Company, and that the consolidated institution
will have a capital of $100,000. Mr. M. H. Woods, formerly
Secretary and Treasurer of the Southwestern Trust, will, it is
stated, be President of the new institution, while Dr. H. C.
Morrison will be Vice-President C. K. Newhall, Treasurer^
and F. C. Spalding, Secretary.
;
V. A. Smith, Cashier of the Northwest Trust &
Safe Deposit Company of Seattle, Wash., has been appointed
Treasurer and Manager of the Seattle Clearing House Association, to succeed Mr. Frank Shafer, resigned.
—Mr.
J.
[From oar own correspondent.
London, Saturday, April
The announcement
at the
end
of last
16, 1904.
week that the Anglo-
French agreement had been signed was received most favorably, both in London and Paris, and immediately caused a
sharp rise upon the Stock Exchange here and the Bourse in
Paris. All through the week the improvement has con-
that unless something entirely unforeseen happens, the improvement whioh has begun will oontinue. In the first
place, it is expected that money will be cheap and abundant,
and, in the second place, people are confident that there will
be no extension of the area of the Japanese war. England
and France together dispose of such powerful fleets that on
the sea they would be entirely superior to any adversaries;
and they are closely connected with Italy and Portugal.
Therefore, it is believed confidently in Paris, as well as in
London, that the peace of Europe is absolutely assured.
Yesterday the City of Paris loan for 170 million francs,
or a little under seven millions sterling, was brought out.
The applications were on a very great scale, which necessitated the depositing of large sums, and on that account some
check to French operations in London was given, As soon
as the allotments are made it is believed in Paris that French
buying will begin again, and if it is true, as the best informed believe, that the first party of Chinese laborers will
embark for the Transvaal either next week or the week after,
that is expected to give a fresh impetus to business.
The directors of the Bank of England on Thursday put
down their rate of discount from 4 to 3% per cent. The
rate of discount in the open market at the time was only
about 2% Per cent. It was, therefore, utterly useless to
keep up the rate, and the general impression is that the rate
will either next week or the week after be rnduced further
to 3 per cent.
Whether it will go lower there is much difference of opinion.
On the one hand, the impression is
gaining ground in London now that the Buenos Ayres demand for gold is nearly satisfied. It is estimated, moreover,
4
THE CHRONICLE.
1532
that about four millions sterling in gold is still to come back
from Egypt. Gold is coming likewise from various direc
tions: and on the other hand, the Frencb demand for gold
is believed to be satisfied, now that the city of Paris loan is
etc
Z.
|
13.
1908.
Apr. 15.
190S.
Apr. 18.
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88S 16
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Wot aocount
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64
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57
19
Price per share.
Commercial itucl 2\\'\szcllixncans &&WB
r
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of March.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for
the nine months of the fiscal years 1903 04 and 1908-08. For
ttatement of March, 1908, see Chboniolb April 18, 1903,
845.
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65
TREASURY NET HOLDINGS.
Jan. 1,1904 Fe6. 1,1904
Holdings in Sub- Treasuries—
Metaold ooln and bullion.
Net silver ooln andbulllon
NetD. 8. Treasury notes
Net legal -tender notes
Netnatlonal bank notes
Net fractional silver
897,02R,697 21)0,648,837 291,452,676 804.036317
166.446,739 166,696,774 162,606,617 168,058 353
6,162,946
6,6*2,362
5,777.747
5.718.601
Cash In banks, sub-treas.,etc~
Deduce current
Apr .1,1904
Sfcft.1,1804
8
8
2tJ6.671.972 229,362.091 2SR,24l.02S 24«,529,691
8.254,146 23,123,068 20,320,240 18,613 628
67.H24
P 5,067
P8.S97
77.147
6,278.146
9.868.47A
8.P88.19P
8.408,678
12,009.888 t8.6S4,036 14,040,247 10.U6.696
8,808.926 10,483.124 11,417,618 11.64F.982
Cash in Sub-Treasuries
Cash In national banks
469.787,936 46S.082,8&t> 459,480.464 461.9V7.fll6
90,418,041 84,277,274 86,411,948 86.t57 6<!0
liabilities.*....
879,374.896 878.745.0P4 378,068,606 874 690,096
160,000,000 160,000.00< 160,000,000 160.000,000
Sold reserve fund.
'289,374,896'828.745.084 223.068.606 224.690.896
Available cash balance
"Chiefly dlsburstnsr officers' oalaaoe*."
DIVIDENDS.
Kallrondo (Stesun).
6a. Southern & Fla 1st pret
do
do
2d pref
Norfolk <fc Western, com
,
I
P»r
Wlun
Cent
PtyabU
Booki Cloud.
(Days Inclusive.)
Ogd., guar. (qu.)..
I
I
!
iN oHnHU. m . - . - sotto e «s4«>eese»o»»ss»s»»s«»t«
,
May
May
May
2
4
3
4
May
May
May
Apr 28
10
May
Apr 24
to
May
J'&e
to
to
to
May 25
May 16
May 9
May 16
2
May 20
May 8
May 1
May 6
May 27
to
to
l"a
May
May
May
May
1
pret. (quar.)
O.) Gas L. (quar.)
• Transfer books not closed,
entitled to receive them."
i
'
2
May
2S May
May
1
IV May
24 May
2
May
to
Apr 80
Holders ot reo. Apr SO*
May 2
to
Apr 27
IH)
Auction Sales— Hy Messrs. Adrian H.
10 Central Tr Co. 1925 to 1930
SO Metropolitan Trust Oo.601
2,500 Houston OH Co. of
Texas, pref
18
2,500 Houston OH Oo. of
5
Texas, com
2,500 Klrby Lumber Co., prf 15
2,500 Klrby Lumber Co.,oom. 2
10 Bound View Land A
to
1
Apr 26
to
to
to
to
May 11
May 4
Apr 16
Payable "to those holders
Stocks.
4
4
1
2>a
1»«
pref. (quar.)
Casein Co., pref. (quar.)
Oleve. A Sandusky Brew., pf. (quar )..
Consolidated Gas ot N. Y. (quar.)
Mich. State Telephone, pref. (quar.)...
Municipal Gas ot Albany (quar.)
Pressed Steel Car, com. (quar.)
do
to
to
16
Trust Companies.
Farmers' Loan <S> Trust (quar.)
mieeellaneoao.
Amerioan Chicle, com. (monthly)
do
Apr 29
Apr 29
Kit May
Us May
Rallwaye.
Ry. (quar.)
Bsutke.
City, National
Fourteenth Street
Washington <D.
6
5
J'ne 17 Holders of reo. J'ne
1H1 May 2
St.
American Radiator,
May
May
1%
Northern Paclflo (quar.)
do
(extra)
do
Rome Watertown &
2»«
2
.
Government Revenue and Expenditures. —Through the
page
1
X ..—
— • c-c
— X Of
nto •»•»
•*« X —
XX —
i-t
1
MtrtMBt
18
69%
91%
101%
60%
©CO
xx
OO «c
XX
,
Montreal
18
60
ma
ottw
1
8
39
59%
91%
95%
11%
58%
-j
26%
65%
18
69%
91%
22%
87%
21%
72:
39%
22%
wcO
XX
xx
ox xx
*x
148%
39
22
—
00
1
JVam« of Company.
18
22%
60%
91%
19
....
81'8
93
211*
21%
72%
27%
66%
4%
75%
96%
98
1484
88
Pacific
Preferred
....
O. 8. Steel Corp., com..
93
17
Preferred
89%
Rational RR. of Mex.—
1st preferred
39%
ST. Y. Oent'l A Hudson.. 119%
ST. T. Ontario A West's
22%
-Phlla. A Read
•Phlla. A Head. 1 st pref.
Phlla.
Head. ,2d pref.
Southern Pacific.......
96
82
93
81%
17
424
pref.
96
4%
75%
96%
82%
32%
Sd preferred.... ......
do
3%
75%
82
17
134
Illinois Central
Louisville A Nashville.. 111
Northern Securities
Pennsylvania
388
74%
120%
67
A Western
258 T6
2538
25%
88%
88Hie 88is ie 89%
88%
88"ie 88" 1S 89%
9762% 9770 97-72% 9770
32
1st preferred
Fri.
25
120Bb
Do
72%
rie,oommon .......... 27%
Mexican Central
Mo. Kan. A Tex., com..
Thun.
32%
1200s
A Bio
Wed.
120 7s
Canadian Paclflo. ...... 120%
Chesapeake A Ohio.... 32%
Ohloa. Great Western.. 17
Ohio. Mil.
Tuti.
-i
1
Cash in Philippine Islands.
LONDON.
L-X OCX
1
29,190.690
9,689,741
88.146,784
18,623,611
28,460,868
28,731,077
86.146,767
49 7-16
4
English Financial markets—Per Cable,
f he daily closing quotation" for securities, etc, at London
are reported by oable as follows for the week ending Apr. 29
x
oo
©X
US
OO
CV.-H OX
•x xet
— cd ©a
xo
xo
-_ -V
(.V
-i-
at cb
xx
1
Za
PoO
«7 3-1611.
906,470.000
x*i
r-i
17.
95W
J
-•
*
29.080,995
29.074,750
28.366,286
Jt,301,957
8,669,638
8,007.769
Other deposits
89,045,464
42,036,848
89.374.289
••••••••
Oovernment securities...
14.524,291
14,774,386
19,8? 8,980
Other securities
27,086,618
25.281,788
27,807,3^6
Keserve of notei and ooln
84,894,218
24,]4*,786
22,838.713
OolnAbulllon. bothdepartm'ts 34,oa9,otO 83,724.707
86,693.962
ProD.reier»eto liabilities. p. c
60*
4854
lank rate
8
4
*9\4
peroeni.
nonaoli.8M percent
6-10
917-16
931116
£8
Stiver
t*
28 l-16d.
21 )3-ied.
1.
01 sarlntr-Hnuoe '•turns.
202,238.0lO 128.774.0U0 209.251.o00
t April 14, 1904.
'
COM X —
x©
xo ox
xx xx
© x o«
XX XX
—in
1
vj
CO
Qirssiatlon
a.
X— —a
oo
xx coot
at —
1
1901.
Apr.
J.
—ix t*a
i
it is
Apr.
Do
VX
*.-
1
this
1904.
STorfolk
I - J.
1
for bills at Is. 4 l-82d. and for telegraphic transfers at Is.
4 l-16d. per rupee were allotted about 28 per cent of the
amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of disoount, theprloe of consols. &c.
compared with the last three years:
Den.
Vol. lxxyiii.
I
i
concluded that money will accumulate in
London, and that rates by and by will be very easy. Other
authorities equally well situation to judge, however, are of
opinion that tne Bank rate cannot safely go below 3 per cent.
If it did, these observers argue, the French banks would
withdraw balances from London and that would speedily
Moreover, they point out that
send up rates again.
here in London there are numerous issues impending. This
week the London County Council borrowed five millions
The price of issue was 90, and the rate of interest
sterling.
3 per cent, so that the return to the applicant is 8% per cent.
The applications were very numerous and the issue was unexpectedly successful. From this it is inferred that other
municipalities will rush in to borrow. The Colonies will
have to borrow. It is expected that the 5 milliorsof the guaranteed Transvaal loan which were not raised last year will
almost immediately be brought out. And it is inferred that
10 millions of the Transvaal war contribution will be brought
out before August at any rate. These are only a few of the
issues that are known to be impending; and the conclusion
from all this drawn by one set of observers is that money
cannot long continue to be very plentiful and very cheap.
The India Council offered for tender on Wednesday 60 lacs
of its drafts, and the applications exceeded 431 lacs at prices
ranging from Is. 4d. to Is. 4 l-16d. per rupee. Applicants
From
ublio
o.
.
i
RECEIPTS AND DISBURSEMENTS (000 .uuiiiea.
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t-»ooao 00
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s
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a
to
«a_x
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issued.
I
o
I
M tiller
who
<fe
2
J'ne 15
May 1
May So
May 23
are legally
Son
Stocks.
10 Bellev. &8o. III. Co.. pref .105
25 Nat. Bank of Cuba
85
163
10 Consol. Nat. Bank
1460
5U. S.TrustOo
200 Security Warehouse Oo. 8
150 The General Building &
Construction Co
60
Bonds.
$3,000 Westohest'rOo.Realty
Improvement
$500 lot
Oo. real est. mort. 6s, 1908;
Jan., 1P03, coupons
$12
500 QreeneReduo.Co.18o persh.
175>« $8l,284i«'ioo Equitable Trust
20 Sixth Ave RR. Co
oertlf.. Continental Tr. Co.
10 Germanla Bank, N. T.601
and Henry E. Howland, as
4 National City Bank. ...271>«
«ft00
330
trustee
fi Lincoln Trust Oo
406
$36,000 Bmnsw.A Blrm.RR.
2 Brooklyn Trust Co
1st 4 "us. Jan. 1, 1903, cou4 Corn Exohange Bank. 35ft
pons attached (Knlokerb.
ft Mount Morris Bank... 21
Tr. Oo. receipt)
29 East River Nat. Bank. 169^
lot
lot
g
...
APR.
!
THE CHRONICLE.
30. 1904.
City Clearing House Banks.—Statement of
condition for the week ending April 23, 1904, based on average of daily results.
We omit two ciphers (00) in all eases.
New York
BANKS.
Surplus.
Capital.
Loans.
Specie.
Legals.
(
Deposits Res'
Bk. of N. Y.
Mantua. Co.
Merchants'
Mechanics'
America
Phoenix
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
...
City
Chemical ..
Merch. Kx
.
Gallatin
But. «fc Urov
Mech.&Tra.
Greenwich
Amer.Exch.
Commerce..
700,0
500,0
6,000,0
25,000,0
3,000,0
422,7
Mercantile
Pacific
Chatham
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
300,0
1,000,0
1,000,0
500,0
350,0
...
...
People's
N. America
Hanover
...
Citizens'
..
Nassaa
Mar.<fc Fult.
Shoe&Lithr.
Corn Exch
Oriental
.
...
Imp. & Tra<»
Park
East River
Fourth
Second ....
First
N.Y.Nt.Ex.
Bowery ...
N.Y. Co...
German Am
Chase
Fifth Ave ..
German Ex.
Garmania
..
Garfield
Fifth
Bk.ofMet..
West
Side..
Seaboard
..
IstX.Kklyn
Liberty
N. Y.Pr.
New
Ex
Amst.
Total
$
$
$
$
2.536,0 19,003,0
2,399,3 20.2(H,0
1,413,9 14,357,9
3,262,3 19,490,0
8,562,4 20,995.2
3,909,0
270,2
17,675,9 167,729.2
7,595,1 2:5,534.3
5,194,4
361,4
7.953,0
2,223,9
2,039,6
117,5
4,30^,0
346,8
2,265.0
537,7
4,127,1 31,075.0
11,860,0 166,442,1
4.424.3 25,359,0
2.974,2
608,5
6,073,7
1,091,8
2,131,1
396,0
2,079.1 16,486,3
6,460.0 47,547,6
6,196,0
1,047,3
541,7 16,259,9
2,742,9
313,4
6.432.0
1,273,9
7,177,4
367,7
3,291,3 29,261,0
7.062,2
1,042,0
6,681.4 24.796.0
7,009,1 67.406,0
1,136,4
141,8
3,017.4 21,353,3
8,719.0
1.380,4
13,714,0 89,516,4
7,413,6
891, a
2,929,0
775,9
4,520,7
660,7
3,433,4
513,3
3,955,5 39,705,5
8,949,6
1,745,3
2,638,6
665,5
3,136.1
882,7
9.885,5
1,320,5
7,369,3
1,274,1
2,425,4
380,6
8,651,7
1,470,7
539.2
3,142,0
1,418,0 13,955,0
595,1
4,239,0
1,939,8 11,442,0
4,933,4
502,1
561,3
5,641,4
4,851,0
546,9
$
3,594.0
1,609,0
27-1
8,81(1,0
2.14(5,0
2,978,2
4.072,0
3,882,6
1,345,6
1,947,0
2,119,6
39«3
2.V9
so-a
18.810,0
87,0
16,647,4
B97.0
22,764.6
8,716,0
8,010,2 176,475.3
1,843,5 24,417,3
908,0
44.355,1
6.470.2
1.103,1
.".,779,2
;;i-5
28
>i
Total United States deposits included $56,205,500.
the
statement of condition of the non-member banks for the
week ending Apr. 23, 1904, based on average of daily results.
We
omit two ciphers (00) in all
following
Capi-
Sur-
Loans &
00s omitted.
tal.
plus.
Invest-
Specie.
ments.
is
Man&Br'nx
..
14th Street.
Gansevoort.
..
Mt. Morris
Mutual
19th
Ward
Riverside
12th
.
..
Ward
.
23d Ward..
Yorkville
..
Fidelity
Jefferson
..
Century ...
Wash. Hgts
United Nat,
Consol. Nat.
Net
Leg. T.
&Bank
Notes.
Other Deposits
Agent. Bks.&c
Clear'
$
226,9
100.0
266,0
300,0
112,0
100,0
200,0
78,0
120,2
200,0
118,9
250,0
178,3
200,0
204,0
200,0
248,2
100,0
102,7
100,0
571,8
100,0
200,0 103,1
93,6
100,0
271,4
100,0
119,1
200,0
271,2
400,0
58.7
100,0
129,7
100,0
114.5
1.000.0
1,000,0 1,116,1
$
$
$
2,191,3
3,320,0
1,561,8
1,815,6
2,750.9
2,340,0
2,695,2
1,372,0
3,014,0
1,089,6
7,219,0
1,580,0
1,231,4
1,794,6
745,4
2,036.8
602,8
53,9
175,0
90,5
11,9
146,0
128,7
22,4
27,8
153,0
19,5
451,0
65,0
51,2
34,5
11,3
10,3
19,6
572,8
11,5
2.107.1
3,503,3
260,2
339,5
2,058,0
1,540,5
3, 061,6
6,539,4
1.030.2
4,947,0
3,241,0
1,066,8
1,261,0
612,7
1,134,0
1,160,4
745.3
1,561,1
24,4
102,4
290.1
214,8
12,9
200,0
139,0
12,0
44,5
11,0
105,0
41,7
64,3
16,0
1§9,6
108,0
97,1
106,1
90,0
92,9
229,0
114,2
139,0
90,9
250,0
209,0
137,9
204,5
44,8
97,3
24,1
34,8
62,8
71,3
337.8
285,0
487,4
229,6
142,7
276,2
201,3
184,1
414.0
76,6
172,0
173,0
163,9
646,6
$
651,0
3.5
100,0
118,1
270,8
54,9
25,6
385,9
236,3
701,0
6,0
191,(5
1,8
59.1
105,3
33,3
85.5
96,8
475,3
23.1
76.8
553,6
1
3,043,2
3,426,0
2,169,1
2,123,2
3,176,3
2,958,0
2,724,4
1,795,7
3,423,0
1,334,7
8,367,0
2,085,0
1.697,2
2,273,3
725,9
1,920,8
622.1
479,5
1.406,1
2,651,6
Brooklyn.
Brooklyn
.
..
Mfrs.'Nat..
Mechanics'
Merchants'
Nassau Nat
Nat. City
..
North Side.
17th
Ward
.
SpragueNat
Wallabout
.
Borough ...
Borough of
Richmond.
1st Nat,, S.I.
.
Hurtson Co.
National
.
Second Nat.
Third Nat..
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
325.7
156,5
530.9
376,9
58,9
743,6
587,0
171,4
177,0
83,2
256,6
110.7
76.7
85,9
155,8
65,8
82,6
536,7
51,8
357.0
406,0
66,3
139,6
44,3
25,0
83,5
414,6
284,7
734,1
760,0
119,7
901,0
722,0
48,2
223,3
37,1
56,9
157,7
113,0
106,1
737,3
56,6
400,0 1,040.8
3,597,2
178,1
250,0
250,0
200,0
648,8
277,9
287,0
2,126,6
1.162.3
1,210,9
80,4
66,6
54,4
69,7
14,5
87,7
110,0
125,0
626,9
147,0
2,303,8
1,083,8
150,3
32,5
24,9
28,9
100,0
10,0
70,3
237,0
129,9
24,3
50,7
60,0
10,0
20,0
226,0
213,5
103,6
69,1
30,0
350,8
89,3
42,2
2,297,1
1.714,4
3,799,1
8,001,9
1,122,5
5,318,0
4,163.0
1,170,4
1,569,7
658,3
1.193,0
1,456,4
812,2
1,693,8
TotTot.
Tot.
Apr 23
Apr 16
Apr 9
Clearings.
$
*
$
71,707,3 10693(594 36,880,0 L.064.978,7
71,19:5,2 10855128 35,022,8
,994,1
72,888,2 10971184 35.314,2 1,142,203,1
76,389,* 11093744 35,725,0 1,103,01(5,6
4,928,0 202,984.0
5,24(1.0 208,548,0
6,501,0 211,109,0
o
131,100,(5
7.288,0
7,216,0
130,688,1
116,271,9
7,
2.".:..
;
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
April 21 and for the week ending for general merchandise
April 22 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
Since Jan.
1
6
1902.
1901.
$2,279,412
8,554,248
$2,457,991
10,376.943
$2,145,427
8,766,657
$1,735,832
9,232,790
$10,833,660
$12,834,934
$10,912,084
$10,968,622
$42,610,535
150,878,046
$49,928,957
148,262,299
$43,009,391
184,304,637
$37,239,763
141,841,640
1.
Dry Goods
General Merchandise
Total
1903.
1904.
Dry Goods
General Merchandise
weeks
$193,488,581 $198,191,256 $177,314,028 $179,081,403
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 25, and from January 1 to date.
The imports of dry goods
in
EXPORTS FROM
For the week
Previously reported..
Total 16 weeks
NEW YORK FOR THE WEEK.
1904.
1903.
1902.
1901.
$11,014,952
145,680,386
$10,268,169
167,713,726
$10,168,984
145,160,393
$11,887,253
159,852,052
$156,695,338 $167,981,895 $155,329,377 $171,739,305
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 shaU from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending April 23
and since Jan. 1, 1904, and for the corresponding periods in
1903
and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Exports.
Great Britain
France
Week.
Imports.
Since Jan.
Week.
1.
Since Jan.
304,3 1,583,1 1,333,4
5,712,1
242,6
237,4
688,2
152,0
14,0
1,891,2
4,9
1,803,4
171,2
61,8
230,6
219,6
2,321,1
1,284,0
1,0*58,(5
9,387,0 112799 85,624,5 3,978,8 5,097,8 125331 6,644,0 98,197,6
8,387,0 101638 81.997.7 3,641.8 5.097,6 123201 5,784,1 95,812,6
8,487,0 102282 82,781,9 3,626,9 5,143,6 128957 5,326,3 96,637,4
$2,000
6,012,046
1.
1,189,157
49,235
1,824,125
2,000
13,394
8,252
3,320
1.100
$2,047,346
598,332
1,149,530
119,817
41,371
440,944
24,427
$9,078,563
2,495,839
16,808,144
$26,084
29,347
17,499
$4,421,767
2,420.931
1,068,763
$1,522,054
Germany
West Indies
$18
15,700
23,600
All other countries.
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
$1,561,354
16,114
20,717
$764,850 $13,418,293
301,559
France
Germany
West Indies
"iei 462
105,579
Mexico
South America
$1,422
7,117
75,014
172,321
50,356
$14,384
35,843
1,350,800
8,653
All other countries.
Total 1904.
Total 1903.
Total 1902.
1.937
$781,312 $15,184,884
646,072
11,786,703
945,663
13,131,799
$308,167
375.122
427.399
$50,227
12,497
13,333
Of the above imports for the week in 1904, $13,015 were
American gold coin and $2,387 American silver coin. Of the
exports during the same time $39,300 were American gold
coin and $16,000 were American silver coin.
Anction Sales.
—See page preceding.
Spencer
&
Trask
Co.,
Bankers,
WILLIAM & PINE STREETS,
-
-
"
-
-
NEW
YORK.
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying the investor 5%.
745,3
143,9
Hoboken.
FirstNat...
Second Nat.
Circulation.
22 1,070,0 10,905,0
60,153,0
117.063,7
Apr 9 48,167,1 191,296,0
64,050,0
228,485,0 10,928,0 109,329,7
Apr Hi 48,167.1 189,644,0
65,934,0
229,451.0
10,894,0 113,269,9
Apr 23 48,167,1 189,168,0
Philadelphia the item "due toother banks,"
t Including for Boston and
and also Government deposits. For Boston these Government deposits
amounted on April 23 to $5,067,000 on April 16 to $5,072,000.
Jersey citt
First Nat.
16,115,0
17,385,0
17,062,0
52,635,4 173,817,0
62,635,4 172,451,0
62,635,4 172,751,0
Gold.
Borough of
Broadway
Deposits.t
Bom.
Mexico
South America
Colonial
Legals.
cases.
N. Y. City.
Boroughs of
Hamilton
Specie.
Deposit with
1
BANKS.
Columbia
Loans.
ciphers (OO) in all these figures.
$
N.Y.
Apr 2 2 17.938,9 10227071 223,390,1
Apr 9 249.851,7 10385330,223.101,4
AprlO 210.851,7 10432541 228,746,0
Apr 23 219,781,7 10163903 236,157,5
29 6
583,8
5,701,1
484.5
25,9
2,22 1,;; 22-9
612,0
5 17.0
4,71 i,o 24
499,2
393,6
2.1 12.6 111
3,557,0 2,054.0 23,794,0 23 5
31,046,4 12,428,7 101,577,9 2tr9
4,704,5 1,228,2 22,636,8 26-7
557,3
447,1
3,867,3 25-9
819,7
887,7
6,210,9 27-4
284,3
566,
2,800,1 30-0
2,362,9 1,551,6 15,554,1 251
13,341,1 3.858,8 59,939,8 28-6
735,6
472,4
5,318,0 22-7
3,806,4 1,240,9 19,566,2 25-7
385,8
378,7
3,176,2 24-0
1,275,1
671,4
6,636,1 293
359,7
1,819,6
8,629,1 25-2
6,423,0 3,024,0 36,077,0 261
1.169,0
325,2
6,766,5 22-1
4,321,0 1,401,0 22,501,0 25-4
17,598,0 4,944,0 79,358,0 28-4
201,8
179,7
1,302,4 29-2
4,044,4 2.682,1 24,547,5 2 7-4
1,116.0 1,447,0
9,731,0 26 3
23,243,5 1,869,6 87,448,0 28-7
1,556,6
481,8
6,983,6 29-1
511,0
302,0
3,418,0 23-7
983,0
491,5
5,703.2 2fr8
220,1
638,2
3,343,7 25-6
13,599,5 1,649,3 49,877.9 305
215,1
2,474,5
9,939,0 2/0
180,0
760,0
3,408,6 27-5
424,8
945,3
5,329,3 25-7
1,004,5 1,503,0 10,079,4 24-8
299,9
1,692,4
7,587,5 26-2
521,6
133,6
2,676,0 24-4
947,3
1,640,4
10,546,2 2 4-5
687,0
319,0
4,052,0 24-8
2,740,0 1,536,0 16,316,0 26-2
712,0
618,0
4,570.0 29-1
240,0 10,396,2 26 9
2,457.4
356,5
1,066,5
6,326,2 26-7
770,3
800,5
6,504,9 241
1,060,0
306,0
5,027,0 27-1
—The
We omit two
Capital 6c
BA-VKS Surplus.
I'iiiln.
9-45,6
Reports of Non-Member Banks.
summary
29-7
2(>:i
t
t
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
a
Apr 9
Apr 16
Apr 23
115,972,7 133,809,0 10463903 236,157,5 75,389,8 11093744 28-0
...
New York
is
ve.
P.O.
$
1533
Members N.
INVESTMENT
SECURITIES.
Stock Exchange.
Branch
V.
Moffat
Office.
&
65 state
St.,
Albany.
White,
Members New York Stock Exchange.
1 NASSAU STREET, CORNER WAL|*
Dealers in Investment Securities.
TeL. 5829-5821 Cortlandt.
Telephone Stocks a Specialty.
J
THE CHRONICLE.
534
fBanluers'
[Vol. lxxviit.
The following were the rates for domestic exohange on
the under-mentioned cities to-day: Savannah,
123^0. per $1,000 premium; Charleston, 25c. per $1,000 premium; New Orleans, bank, 20c. per $1000 discount; commer-
©a^jettje*
New fork at
For Dividends see page /yj*
cial, 50c. per
$1,000 discount; Chicago, 20c. per $1,000 pre-
WALL. STREET. FRIDAY, APRIL 29, 1904.-5 P. J»l. mium; St. Louis, 35c. per $1,000 premium; San
The Money Market and Financial Situation.— Although $1 25 per $1,000 premium.
there has been weakness in a few issues from special causes,
the tone of the stock market has been generally strong
throughout the week until the late hours to-day, notwithstanding an exceptionally limited volume of business. This
tendency to strength is interesting in view of the lack of
public interest in Wall Street affairs, and also because of the
unusually large gold exports. The latter amount to $12,862,000 during the week, a sum rarely, if ever, exceeded in any
period of equal length.
The Bank of E gland's weekly statement was exceptionally favorably notably in the matter of its proportion of
reserve to liabilities. This was shown to be within a fraction of 50 per cent, and the largest in recent years. Other
European money markets are easy. The accumulation of
funds at this centre aDd at interior points continues, show-
ing that the volume of business throughout the country has
been reduced and illustrating again the need of a revised
currency system. The gold export movement referred to is
in part a natural result of the money market conditions
noted, and unless these conditions change, the movement is
liable to continue with greater or less force and regularity.
The total amount of gold shipped abroad since April 7th is
The open market rates for oall loans on the Stook
daring the week on stock and bond collaterals have ranged
from 1 to 1}4 per cent. To-day's rates on oall were 1 to
13^ per cent. Prime oommeroial paper quoted at %% per
oent for endorsements and 3%@43£ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £55,210 and the percentage of reserve to liabilities was 49 60, against 46-70 last week;
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows an increase of 20,550,000 francs in
gold and 1,600,000 franos in silver.
The New York City Clearing-House banks in their statement of April 23 showed an increase in the reserve held of
$9,963,100 and a surplus over the required reserve of
$34,203,700, against $27,3»4,600 the previous week.
-
Difference
1904
Apr. 29
115,972,700
133.809,000
discount* 1,046,390.300
35,726,000
•1.109 874,400
336,157,600
76,889,800
Loans A
If
9. 0. of
1902
Apr. 26
Apr. 25
9
9
Ino 8,186,200
Ino
410,800
Ino 12,266,000
Ino 7,411,500
Ino 2,561,600
109,822,70c
139,181 80(
900,635.100
43.538,000
*887, 608,300
164,375,100
68,611.200
83,622,700
108,665,700
893.394.100
80,970,300
964,546,600
173,094,000
76,008,700
233,886,300
321,900.825
248.097,700
388,636.650
811,547,800 Ino
377,343,600 Ino
deposit*
1903
from
previous v>c*k
9
Capital
9,963,101
3,064,000
9
Burkina reserve
34,313,700 Inr 6,809.100
10,985.476
9,461.050
* $56,206,500 United states deposits lnoiuded, against $56,191,700 last
week and $87,383,200 the corresponding week of 1903. With these
United States deposits eliminated, the surplus reserve womld be $48,255,075
on April 23 and $41,362,525 on April 16.
Norn.— Returns of separate banks appear on the preceding page.
Foreign Exchange.—The foreign exchange market was
easier this week, influenced by offerings of bills against gold
exports, which shipments tended to satisfy the demand for
remittance; exports of gold to Europe were $12,862,025 81.
To-day '8 (Friday's) nominal rates for sterling exchange
were 4 85%@4 86 for sixty day and 4 88 for sight.
Today's (Friday's) actual rates for sterling exohange were
4 8490 @4 85 for long, 4 87@4 8705 for short and 4 8720@
4 8730 for oables. Commercial on banks, 4 8455@4 8465, and
documents for payment, 4 84@4 84%.
Cotton for payment,
4 84@4 843^; ootton for acceptance, 4 8455@4 8465, and grain
for payment, 4 84>£@4 84%.
To-day's (Friday's) aotual rates for Paris bankers' francs
were 5 \l%*@b \1% for long and 5 15%t@5 15% for short.
Germany bankers' marks were 94 15-16@95 for long and
95 5-16@95%t ^ or 8hort. Amsterdam bankers' guilders were
40 3-16@40 3-16** for long and 40%f@40% for short.
Exchange at Paris on London to-day, 25 f lli£ c; week's
range, 25 f 12 c. high and 25 f. 10 c. low.
The week's range for excharge rates follows :
.
.
-Long.Bterling Actxta
High... 4 8520
» 4 8580
Low... 4 8490
86
-Bhort.
I
•4
I
Paris Bankers' Franes—
High... 6 17
* 5 17>i
V
I
|
f
94i»n
«
9
40"i«
» 40V
94>»io
4
4 8696
I
96ii«
8725
I
|
I
Low... 6 ins
*5 17»9
Germany Bankers' MarksHlgh...
Low....
I
•
16V »
I
11"
°J }$•
of
1%.
S8
»s
*
'"
of
1%
-
*
4 8750
8705
4 8715
4
6
16\
6
15«fc
95V
*
9
40V
• 40V*
» 40S
I
I
4 8730
5
I
I
Low....
**"'•
»
9
-Cables.-
6 16«»t
96
95»i 8 t
Amsterdam Bankers' Guilders—
High...
* 40»ie"
40«u
40»e
I
State and Railroad Bonds.— No sales of State bonds have
been reported at the Board this week.
The market for railway bonds has been generally steady
to firm on a volume of business averaging about $2,300,000
par value per day, which was well distributed throughout
the list. There have been few exceptional features. Brooklyn Rapid Transit ref. conv. 4s advanced \y2 points and
Burlington & Quincy joint 4s, Rock Island RR., Northern
Pacific, Union Pacific and. Baltimore & Ohio issues are
fractionally higher. On the other hand, Wabash debenture
Bs and United States k Steel 5s have lost each a point and
Consolidated Tobacco 4s have declined.
'
United States Bonds.— Sales of Government bonds at the
Board are limited to $10,000 2s, leg., 1930, at 1053^ and
$1, COO 4s, coup., 1907, at 108.
The following are the daily
closing quotations
for yearly range see third page fol;
lowing
:
""
of 1 %-
»
9
4 8756
4 8726
I
I!!!!"""!
96*s
96» lt
Plu8:
11
I
ha of 1%.
"""
** i«t of
1%
Apr.
23
Interest
Periods
«s, 1980
registered
3s, 1930........... coupon
3s, 1930,smaJ.reglstered
3s, 1930, small
coupon
8s, 1918
registered
8s, 1918
ooupon
Apr.
26
Q —Jan MOSV'lOe
Q—Jan
1
*
*106>a *106Va
Apr.
U6
Apr.
2?
Apr.
28
Apr.
29
105S
•1053s
'1063b
1063g
10638
1064
106
Q-Feb *106S *106S *106S •loes
Q— Feb
88,1918, small.reglstered Q— Feb
8s, 1918, small
ooupon Q— Feb
4s, 1907
registered Q— Jan
4s, 1907
ooupon Q— Jan
registered Q— Feb
4s, 1925
coupon Q— Feb
Exchange 4s, 1925
§19,852,000.
Francisco,
105 4
*106i* *106i*
*107S "107S *107S *107s *1074 •107 »«
•I05>i
*i06H
*ibs% •106H •vSSh
1074 "107 4 *107S •1074 *107»i
•1071, *1074
*107»sl«107J« *107»a 108
'133
'133
*133 *133
•134
"184 *134
184
"183
"134
»183
*134
"This is the prloe bid at the morning board; no sent was made.
Railroad and Miscellaneous Stocks.—The stock market
has been unusually dull and narrow. On Monday, the busiest day of the week, less than 300,000 shares were traded in,
and almost every sale marked a decline. Since Monday the
daily transactions have averaged only about 170,000 shares,
and the market has shown a slight recuperative tendency.
As a result of the week's operations, a large proportion of
the railway list is fractionally lower. Norfolk & Western
declined a point on the report of a proposed plan for a new
bond issue. Erie was notably weak on its net earnings for
March. Pennsylvania, Twin City Rapid Transit and Mexican Central are the only active railway issues that close
higher than last week.
Industrial stocks have been irregular. Amalgamated Copper was weak, while Anaconda Mining advanced about 9
points. Consolidated Gas has covered a range of 3% points
and closes with a net gain of 1 point. New York Air Brake,
General Electric and Tennessee Coal, Iron & Railroad have
been weak. Westinghouse advanced a point or more, subsequently declining 4 points, and American Sugar Refining,
Colorado Fuel & Iron and the United States Steel issues
have been relative steady.
For daily volume of business see page 1539.
The following sales have ooourred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
dales
Wet it Endint April 29
Week
410
Range for Week
Allis-Chalmers Co, pref.
Amer Agrloul Cbem
Amer Teleg & Cable
So Amer Teleg..
Cent
<fe
Denver & Southwest...
Horn Silver Mining
Nat Enam * Stamp, pref
NY&NJ Telephone
...
Ontario Silver Mining...
Quicksilver Mining, pref
Rensselaer <fe Saratoga..
United Fruit Co
100
160
60
100
600
210
44
300
100
49
693
Bangs lines Jan.
1.
Apr 27 43 Apr 23 89H)Maj 64 78 Feb
13»iApr29 13 4 Apr 29 13 Mar 14»«Jan
87 Apr 28 87 Apr28 82 Jan 87 Apr
108»4Apr29 103*4 Apr 2 9 103»aApr 108 34Apr
1 Apr 38
Apr 23
1
1
Jan
2SJan
40
Apr2x 1-40 Apr 28 1-26 Mar 1-40 Apr
Apr 2.1 79 Apr25 78 Jan 83 Jan
143 S Apr 26 148SApr26 140 Feb 160 Jan
4 Apr27
4 S Apr 26
4>sJan
4 7sApr
4SApr2S 4 4 Apr 23
4 Mar
4>uFeb
205 Apr29 206 Apr 29 205 Apr 205 Apr
106 Apr 23 107 13 Apr28
96 Feb 107SApr
1-40
79
—
Onteide Market. Trading in the market for unlisted sebeen light again this week, and values as a rule
have moved to a higher level. Dealings in Northern securities stock have been on a much smaller scale, transactions
for the week aggregating, it is estimated, only about 5,500
shares; the price of this stock moved irregularly between
983£ and 99}^, closing to-day at 99. Standard Oil rose 8
points to 630. American Can preferred declined from 34,%
to 33% early in the week, but subsequently it advanced to
37; the common ranged between 4 and A.%, closing to-day at
the high figure. Light, Fuel & Power Co. of W. Va. rose from
36% to 423^; the last sale was at 42^. Interborough Rapid
Transit gained 2}4 points, to 109%. Greene Consolidated
curities has
Copper moved irregularly between 15^j and 16; the last sale
at 15%. The preferred stock of the new
to-day was
United States Shipbuilding Co. sold on the curb this week
at 40 "when issued." The activity and strength displayed
by Brooklyn Union Gas debenture 6s made that issue the
feature of the bond market this week. In sympathy with
the advance in the price of the stock on the Board these
bonds rose from 175 to 194%. American Telephone & Telegraph new 5 per cent notes were traded in for the first time
in the curb market this week - at lOO 1^ and interest.
Outside quotations will be found on page 1539.
%
'
^
New York
%
o
'
'
Exchange— Stock
Stock
a
2
1
Record, Daily,
1
Weekly and Yearly
occupying two pages
SlOCKS— HIGHEST AND LOWEST SALE 1UJCES
Mom if
Saturday
April 23
1.
April 85
"24
*n2
•24
27
*52
66
73 % 73 34
27
72=8
733,
*93% 94% 93% '.':;
79% 80% 79 s 80%
*90% 90>4 •90^. 9Q3.,
46% 47% 46% 47%
*115
•132
115
...
•132
160
32
38% 38%
81
M80
82
200
*121
130
10%
•24
•52
27
56
27
56
72% 73%
93% 93%
79% 79
73% 73%
90 34
890% 90%
93 %
46%
•115
*1S2
4
6
115
132
April 20
•24
•63
•24
72%
98%
79%
a
90%
93%
79%
90*4
46% 47%
•115
•132
123
123
81
•180
•121
200
130
16% 16%
•85
•67
27 34
90
90
*180
200
130
180
121
121
16% 16%
-85
•67
38% 38%
•81
•180
•121
200
130
16% 16%
85
90
•85
•67
•27
177
172
•175
•170
135
140
175
135
165
177
175
H76%176%
176
172
172% 169
•169
172
135
165
140
175
Do
*165
8%
-8%
9%
19%
5% 6%
*19
•30
*30% 32
•75% 76Hi •75
•105
120
105
•17
54
17%
17'4
23 Hi 23%
159 159%
•268% 271%
21
70%
25
{8%
8>4
19%
*61% 64
•17
*7% 8
•11% 14%
26% 26 34
•170
76% •74
120
17*2
54
24
•16%
53%
22%
168 %
56
70
170
71% 71 34
•80% 81
60
•55
67
70
40%
78
•40%
170
180
180
170
12%
65
71
81
81
92
48
100
275
51
5%
6
135
66
96
•01% 62
•117 119
65
-65
i
i
5
120
•47
•85
61
117
100
•95
60
•250
•48
*88
90
55
100
66
117%117%
•17
78
20
78
74
Do pref
Cleve. Cin. Chic.
Do pref
74
120
A Om
180
170
13
13
&
L
St.
6%
135
65
95
6%
120
47
88
61%
61
•117
118
6
135
55
90
62
120
130
5%
•35
•25
•16% 18
47
275
51
•48
51
119
•100
•60
189
189
21% 21%
58% 58%
•88
•54
•85
•63
117
•17
89
56
100
66
118
20
•76% 79
•68
62% 59
•91
45
•91
110
62
189
•100
•60
189
21% 21%
58
•88
58
89%
53% 53%
•85
•63
105
66
•37
•17
65
189%
21% 22%
{58
88
•53
•85
•63
58
89%
56
105
-17
20
•76% 79
66
Illinois Central,
owa Central.
Do pref
c
37
Kanawha &
28
•10% 18
•47
Michigan..
6% 734
120 135
•47
•85
55
61%
•116
95
62
120
250
110
•36% 38%
275
48
L.
51
107%1U7%
&
Louisville
45% Apr
Nashville...
135
55
95
116
35,040
Do
17% Mo.
pref
& s. s. Marie.
Kansas & Texas...
118
850
S. P.
pref
1,250
38»4
Do pref
9234 Missouri Pacific
-37
92%
103
Do
Minn.
17%
Central
Michigan Central
Minneapolis & St. Louis
61
110
&
100
7,900
110
Louis
Nash.
*37
38%
at.of Mex, non-cum.pf
3
*17 4 19
Do 2d pref
115% 116% X. Y. Central* Hudson,
117 34
-17
20
•76% 79
Cliatt.
St.
2)726
&
700
I5,<;«i5
Western
6,816
100
Do adjustment, pref.
Pacific Coast Co
Do lstpref
Do 2d
100
62%
93%
44%
-9
12
41
•37
•17
20
•58
•92
62%
93%
44% 45
78% 78 %
•61% 63%
23% 23%
64
64%
44 34
44% 45%
45 %
78% 78%
62
65
23
64
35
23%
•8
•37
•17
12
41
20
78 34
•62
78%
"Too
pref
Piltsb. Cin. Chic. & St. L.
Da pref
Reading, vot'g tr. ctfs..
1st pref. vot.
2d
64
23
tr. ctfs...
•8
'37
'17
10
41
20
k>
Do
Do
Jan
Feb
Feb
Feb
Feb
Jan
Jan
'••
J'ly
1
Aug
.
63
24
!'"•'<,
Oct
Sep
85 %
11%
12
Marl'.
17
75
Mario
Feb 24
Jan
Jan
Jan
.la
Apr20
90 April
38 34Marl4
76 Mai 1
55% Feb 25
19% Marll
67% Jan 6
30 Apr 22
9
Mario
36 Feb 9
21,830
493
100
1st pref.
2d pref.
16
Jan 8
Jan
l'J4% Jau
Sep 224% Jan
I
Aug
168
153
Aug
190
25n
Jan
132 Oct
Jan 21 117 J'ly
Jan C {165 Nov
1234 Jan 15
8 Aug
26%Jan 15 15 Sep
200% Jan
162 Jan
May
May
Aug
Dec
17% Jan
50% Jan
99% Jan
7%Jan
4
3
33% Jan 18
80% Jan 22
110% Marl 4
30
66
112
10
19
Apr 12
30% Jan 25
95 Feb 23
52
48
J'ly
23% Nov
89 Nov
194 Jan
19 78 Jan
Jan
86
Jan
119
31% Jan
Jan
Jan
183% Feb
276% Jan
43 Feb
90% Feb
47% Jan
20% Jan
39% Jan
90 Jan
19% Feb
29% Feb
42 B8 Jan
74 Feb
64% Feb
72 % Jan
91 Jan
74% Feb
209 Jan
85 Jan
27% Jan
106% Feb
72
48
99% Mar
Jan
Jan
51
1
48
77% Jan
47% Jan
82% Feb
36% Jan
61% Jan
40 Mar
{55 Apr
Jan
Feb
334% Jan
83 Jan
130% Jan
155% Jan
128% Jan
142% Jan
17 Dec 38 Jan
6 1 % Dec 88 Jan
68
118
Feb 24 275 Dec
55% Jan 2 49 Dec
111%. Ian 22 95 Sep
146% Jan 22 120% Sep
92 Jau 21 70% J'ly
124 Jan 2 99% Sep
{271%
17% Jan 4
8% Nov
Mar
29
135
110
118
Jan
Jan
Feb
79% Feb
132% Feb
30% Jan
63% Feb
115% Feb
133% Deo
47% May
28%.1'na
156 Jan
45 Jan
Jan
Jan
225%. an
35% F'eb
76% Feb
93 % Feb
72 Jan
80 J'ly 100 Feb
67% Jan 22 50% Aug 76 Jan
123% Jan 27 110 4N0V 157% Jan
23% Jan 22 15 J'ly 39 Jan
8l'„Jan23 74 J'ly 91% May
{74 Dec 76 Sep
66% Jan 22 55 Sep 94 Jan
98 Jau 22 90 Oct 115 Jan
48 Jan 25 37% Nov 69 % Jan
81
Jau 25 73 Sep 89 7b Feb
66 Apr 4 55% Nov 81 Jan
27% Jan 22 19% Aug 53% Jan
6«% Jan 22 55% Sep 86 Jan
38% Feb 9 30 Aug 72 Jan
1 5 % Jan
14 Jan 23
7 Oct
45 Jan 19 32 Oct
Jan
20% Jan 19 13 Oct 24 78 Jan
118
87
I
:,
1
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
NEW YOBK
American ... 500
AmerExch.. 220
Ask
515
230
900
Commerce., b
Astor
Bowerylj
Butcli's&Dr
Century \
Chase
700
325
Chatham
340
4000 4100
Chemical
145
170
600
320
Citizens' Ctrl
City
*
1
265
Bid
Consolidated
Ask
400
t208 t215
U63
.....
Discouin' ... 155
165
East River.. U69%
Federal
f271
'-,
1
TI
Fidelity* .... 180
200
Fifth Avelj.. 3600 4000
Fifth
300
5 si)
First
600
Gallatin
:i>0
Gansevoort'
140
500
(iarlield
German Am'
German Kx'
155
ijerniania',
..
tool
..
170
500
Hanover
linn it Trad. 550
2
1
5
Bid
lianks
Ask
Jefferson!'..
140
100
Liberty
Lincoln
147
530
950
10.50
165
Maiden Lane 1<>5
Manhattanl 3
Market <fc Fin 225
330
240
......
Mechanics'
J
210
....
.
270
Greenwich
Hamilton'.
Ask
Bid
HanUw
177%' UthStreetfl. 300
200
Fourth
C'ruExchgel 1355
155
180
100
1
Banks
Coal <fc Iron.
Colonial 1 ... 405
Columbia'; .. 350
.
.
520
5 60
2
25
1
386
Mech <fcTral. 140
Mercantile .. 232
Merch Kxch. 160
Merchants'.. 175
Metropnevr*! 375
Morrisl .. 1214
•
1
.
15
150
Bid
Banks
York... 280
19th V7ard1
150
North Amer. 205
Northern
170
186
425
1
200
Bid
Uauk*
Phenix
Plaza]
256
280
175
Seaboard
606
Second
Shoe cfc I.i-tii. 135
2 V.5"
800
17*6"
15
;;
12th Ward'
Pacilic'
JliO
23d Ward' .. 125
Union Bxch* 162
United
2
I'sl
Bid and asked prices; no sales were made on this day. { Less than 100 shares. 1 Ex riguts.
State bauks.
Sale at StockExchange or at auction this week. s Trust Co. certiticat.es.
h Assessment paid
a
lix
70
_'!M)
dividend and rights.
ibo"
•2V6'
nil 81
225
Park (now).. 150
Ask
110
Prod
Excli", .
Riverside*!! ..
I
100
525
oriental'
1
•
Ask
270 290
190
180
Nassauil ..
New Amster 400 450
New York Co 1500
230
N Y Nat F.\
Mutual'..
New
11
46% Feb
133% Aug
'1
10.390
2,040
Rutland, pref
Ot» Joseph &Gr'd Island.
1
55
pref. vot'g tr. ctfs.
Rock Island Company
22%
Do pref
63% 63%
64
35
10
41
20
ran
mi
83% Sep
J
61% Jan
Do
62% •69
93% •92
5
126,453
&
Eastern
Pere Marquette
Peoria
105
13
{119% Feb 1 138 Feb 26 102 May
61 Feblb 6734.Jan 18 41 Oct
90 Jan
91% Jan 21 83 Nov
55 Jau
07 Jan 2(> 42 Aug
117 Feb25 126% Jan 28 109%J'ne
14% Feb 24 19 Jau 21 15% Oct
35 Feb 2
42% Jan 22 33 Oct
87 Feb 24 95% Jan 22 85 34 Aug
101%Feb2i 124%. an 11 85 Oct
3434 Feb 20 41 Jan 11
34%.Mar
15%Feb25 21% Jan 8 17 Nov
112%Marl2 122 Jan 8 112% J'ly
25%.Mar 7 32% Jau 23 19% Sep
108 Jan 21 108 Jan 21 loo Oct
63 Jan 19 69 Jau 26 50 Sep
{183% Apr 12 196 Jan 23 U87%May
19%Marl4 24 % Jan 25 1 9 Sep
53 % Marl2 62 3i Jan2» 63% Nov
sssg Feb 26 90 Apr 12
85 Aug
51 Feb 24 56% Jau 22 3934 Sep
pref
lls% Pennsylvania
20
•76% 79
400
N. Y. Chic. & St. Louis...
Do lstpref
Do 2d pref
N. Y. N. Haven <fe Hartf,
N. Y. Ontario & Western
Norfolk
.J. 111
1
Jan
Jan
Sep
Mar 9 {50 Feb 5
Apr 23 14%Janll
45
pref
8% Mexican
7%
7
Marll
{89 Jan 16
{271 34 Feb 24
49 Mar23
Feb 23
4,370 10
2,636 139% Marl
72% Marl4
ti',230 104% Mar 14
16 Jan 15
Mich. South'n
&
2
4% Feb 20
700 26
Long Island
Do
•125
47
88
61
-17
20
•76% 79
Des Moines...
<4
*1734 19
116 116%
•26
27% •26
27%
•100 110 •100 110
•00
•60
65
66
•188% 189% 188 34 188%
22
22% 21% 22
67
57
58%
57%
•88
89% 88% 88%
•53
•53
56
56
•85 100
•85 105
•63
•63
66
66
•17
Shore
Jan
18
pref
142% 142 YJanhattan Elevated...
•78% 79 "a I'Xetrop. Secur., sub. rec.
112% 113% Metropolitan Street
Met. West Side El. (Chic.)
•37
•108
Do
•28% 29% Lake Erie & Western.
105
Do pref
17% 17%
38%
92% 92%
&
Keokuk
62
•90
117%117% 117%117 78 117% 118%
93%
45
44% 44 34 44
•78% 79
478% 78% •78% 78 34
•61
•61
64% 61
63
63
23% 23% 22% 23% 22% 23%
•63% 65
63% 643j 64% 65%
9
110
ctf.A
67% 67% •67% 68
C.Ft.S.&M.,tr. cts. pfd
19% •18
19% Kansas City So. vot. tr. ..
36
35% 35%
Do pief. vot. tr. ctfs.
61% 61%
117
Green Bay&W.,deb.
•18
•35
52
29 4;
105
275
6%
C.,stmp.
Great Northern, pref
130»8 130%
•17% 19
19
37
25
•28
•90
250
1S5
55
93
Terre Haute..
<fc
pref
Worth&Den.
Ft.
180
13% 13%
4 130-)4
•24%
28% 29%
90 105
•47
•85
Do
4
h
Jan 12
J'ly
58% Jau 2: 44% Aug
28% Jan 22 17 Aug
168% Jan 22 149 Aug
275% Apr 7 230 J'ly
23% Jan 22 18 Oct
74% Jan 22 62 Nov
19% Jan
24% Jan 22 12 Sep
8%Aprl3 14 34 Jan 23
150
7% Aug
100 16 34 Apr 14 29% Jan 25 14 Nov
100 61 Feb 25 67%Jan22 55 Oct
7% Apr 14 10% Jan 22
7 Aug
11% Feb 2 9 1634 Jan 23 10 Nov
28,770 22 Feb 26 29% Jan 2 23 Aug
6,721 61% Feb 29 6934 Jan 27
62% Apr
2,830 37% Feb 29 50% Jan 2 44 J'ly
200 57 Apr 20 66% Jan 27 39%J'ly
72 Feb 23 72 Feb 23 78 Aug
52% Feb 4 54 Feb 3 3 1 Sep
170 Marl 7 186 Mar23 160 Oct
72 Mar24 79% Jan 7 73 Dec
20 ll%Feb26 15% Apr 6 10 Aug
300 68% Apr 28 77% Jan 22 63 Sep
280 77 Marl2 85 Jan 7 77 Oct
1,200 125% Feb 24 134'<i Jan 2s 125% J'ly
17 Feb 18 22% Jan 8
lu J'ly
32 Feb 25 42 Jau 14 30% Oct
25 Mar23 29 Jan 21 25% Oct
400 65 Feb 8 70% Apr 12 62 % Oct
16%Feb24 21 Jau 21 16% Oct
'4o6 31 Feb 29 38 a4 Jan 19 29 Oct
10% Jan 11 19% Apr 12 10 Oct
-
Evansv.
51
170
13
18%
35
37
•24% 28
•67
68
•18
19%
•35
36
•16% 18
•47
52
120
60
78
•70
40
8% Feb 24
200 29% Feb 23
100 74 Apr2f
100 Feb 8
200 14%Feb23
500 52 Feb 23
1,520 22 Feb 23
10,300 149 Maris
1,700 250% Feb 23
200 18 Marl4
345 64% Feb 24
Do
deb. ctf. B
68% 68%
69
Hocking Valley.
•80% 81% -80% 81%
Do pref.
3
•35
105
275
61
•56
60
78
45
180
1
Mar22 145
100 {165 Apr28 176
135
<fc
56
70
40
60
78
Doc
%
1
Feb 11 J 135 Mar2 4
Feb 24 17% Jan 22
83% Feb 5 86% Apr 12
Feb 25 71 Jan 23
65
124
14
Pacific
1,900
•53
•18% 19
•250
'48
107% 107% 108
65
21% 21%
,«53
•85
•63
Minn.
Chicago union Traction
17
71
81
81
130% 130 34
71
80% 82
130% 131
110
68% 68 34
&
Isl'd
2P0
600
'106
107% 108
108
107% 107 34
142% 142% 142% 142% 142% 142% 142% 142%
•77% 78
•77
•77% 80
78
•78
80
112%114
112% 112 % 112% 113% 113 113%
•188% 189% 189
:
76
120
St. P.
"
"5% 6
•30% 32
32
'105
51
17% 17% 17% 17% 17% 17% 17% 17%
•38
38% 38
38
37
38 34
38% •37
93
93% 92% 93% 92% 92% 92% 93%
108% 108% 108 110 108 110 108 110
-36% 38%
33% 38% 37
37% •36
38
"17 34 19
•17% 19
-17% 19% •17% 19
•115% 116% 116 116
II534 116% 116% 116%
•26
•26
27%
27% •26
27%
•100
•60
6%
•30
•74
Book
Chic
cfc
H,
•120
•47
•85
76
120
•53
130% 130%
•18% 19
•18% 19%' •18% 19%
•35
•35
•35
37
37
37
•25
•24% 28
28
•24% 28
68% 68% 67% 67% 67
68
•18% 19% •18% 19% -17% 19
•35
•36
36
36% 35
35
•17
18% •17
18% •17
18
•47
•47
•47
52
53%
53%
•28
•28
29
29
28% 28%
108% 108*4
142% 142%
•77% 79%
114 114%
105
17% •16%
54
23
159
271
21
57
•70
78
•13U»4 131
•93
•250
•48
32
pref
Chlo.
1
.Ian 2s
82%J'ly
Jan 2 29% Sep
Jan 12 121 Nov
92
1,.')00
25%Mar21 31 Jan 21
81,890 137%Feb24 148% Jan 22
555 173 Mar 4 180 Apt 12
1,075 161% Marl 4 l72%Mar29
207 Feb 8 214% Jan 23
Do pref
9% Chicago Term'l Transfer
•17% 1^34
Do pref
8%
9%
18
•5
6%
•30
74
76
120
•8%
18
140
172
E
40%
180
105
-5%
6
31
{165
8%
1834
*136
{170
85%
1
<ft
65 '4 65 '4
•41
42
•57
63
•70
78
•40%
6%
30is
140
165
\pr 8
Jan 27
38 Feb 24 52%
ll->% .Mar 2 127
3,850
16% 16% •16% 17 Colorado
So., vot. trust
54
53% 53%
Do 1st pf. vot. tr. cfs.
!3
22% 22% 22% 22% 23
23%
Do 2d pf. vot. tr. ctfs.
157%159
159% 160
15S34 160% 157% 159
Delaware & Hudson
268%268% •269
270 273
272%273% •273 274
elaw. Lack,
West'n.
•20
20
•20
21
•20
21
21
20
20 Denver* Rio Grande
{70% 70% 69
70% 69% 70% {71% 71% •69
70
Do pref
•20
•20
20 25 •18 25 •18 24
25
25
Des Moines & Ft. Dodge.
*8% 10
9
8% 10
•8% 10
9
8%
10 Detroit South. vot. tr. ctfs
•17
19% '17
19% •17% 19% •17% 20
17% 17»4
Do pref. vot. tr. ctfs.
*61% 64
•61% 64
•61% 64
62% 62% 61% 64 Detroit united
*7% 8
7% 8
•7% 8
•7% 8
7% 8 Dulnth So. Shore Atl..
*11% 14
•11% 14
•11% 14% •11% 14% *11% 14%
Do pref
26% 26% 26% 26% 25% 26% 25
263s 26
25%
ne
6434 64 34
65
65 %
65% 65% 63% 64 8 63% 63%
Do
1st pref
42
41
41
41
41
39% 40 34 38% 39 34
Do 2dj>ref
»53Hi 54
•20
70 '4
•20
6 34
32
8%
•18
135
Aug
84 % Aug
5
11
1
pref
Do
140 135 140
175 •165 175
10 %
8% 8%
18% 19
18
18%
I
25
Apr
1
t)
lei) L9
Jan 22
Feb
1
16% 16% Chicago Great Western..
90
4
7.".%
109% Mar 12 121% Jan 22 115% Oct
200 64 Apr 29 ii-'iJan 2 r>7% Sep
i
810 164% Feb 20 L63% .Ian 19 L53 Oot 190
1,040 28% Marl 4 3.i Jau 28
27% Nov
•lan
1,236 33 Jan 15 40
Feb 6
8 % Sep 37% Jan
200 75 Jan 2 85% Jan 2
60 Sep 7.",% Dec
{181 Jan 18 J 182 .Jan
H70 J'ly }184 Mar
Chtoago Burl <fe Quiucy..
Chicago & East. 111., pref.
180
27
{5
I
4
8,620
Alton
<&
Lowest
140
•85
90
Do 4 p. o. debentures
69 34 •67
B9<V
Do 5 p. o. pref. "A'"
25% •27
28%
Do 4 p. c. pref. "B"..
144%144 34 143 34 144*4 Chicago Mllw. & St. Paul.
176 176 J 17534 17534
Do pref
170 170 {169% 171 Chicago & North Western
69»<
69 34
69 34 •67
69%
•27% 28%
28% 27% 27% 27% 27%
3
3
144% 145
143%145% 143 4 144 s 144 144%
•175
•170
129
*7%
123
83
1
Fell 2
Marl
11,886
89
54,435
90%
10% 47 «4 Urooklyn Rapid Transit..
•81
•180
•121
16% 16%
90
Ohio
it
Apr
87% Jan
1,356
pref
Chicago
83
....
Highest
Jan 22
27
169
43,460 64
Buffalo Koch. <fe Pittsb'g.
Do pref
I16%ii7«i ( Miiailian Pacific
v Canada .Southern
64
i
159 159% Central of New Jersey...
{31
31 Chesapeake <fc Ohio
,
38% 38 3,
•80% 83
38
"80% 83
Baltimore
tout
Year (1U
o:nl-.
ill
Topeka A Santa Pe
Do prof
Do
•116
•139
1170s
81
Lowest
Atcn.
10%
{
A'ani/e lor Year 1904
Oil basis of lOU-sfiare lots
oi
ttlK
Arbor
Ann
Do pref.
27
53
STOCK
EXCHANGE
Itn
27
66
93»4
46% 47%
'4
123
Friday
April 38
78%
79% 80
'-2
}90*4
38% 38% •38
16=8
•85
•67
....
24
59
Thursday
116%U7% 117% 117% 117%117%
6o4 •65
•61
65 % •64% 65
66
159 161
160 160
160% 161 160 161 4
31
31
31
31 % 31 %
32
31
31 3
117%il7% 117
*65% 65% •65
160
32
123
Wednesday
April '47
Tuesday
April 26
Sales
•4TOCKSJ
NEW YORK
6
.
168
97%
New stock.
'
'
V
H
%
%V
.
536
J
e=
Stock
=
:
Record—Concluded— Page
Monday
nurxaav
April 28
Wednesday
April 27
Tuesday
April 26
April 25
rwrL
STOCKS
NEW YORK
Friday
April 39
j
72
•80
47% 47%
»166
-14
47% 47%
•165
157
\i\
35%
2
85 V
8
85 V
28 H
23
r
48k
%
'-
8
(.
23 .
*;ni
2 I
J13V 13V
34% 34«s
48% 9 U
21% 21V
85 V
14
34 V
48% 48 7
40
21%
1
85%
i
1
24
121
•18% 23
.
26%
•110
24
'-
120
19%
.
-!'•
.
3s>
93
:i.;
:
l
lo v
43
18
4
18
16
V 10
39%
i
16
•44
40
•25% 26
•18
18%
40% 40 V
25 V
•18
40
•9
43
3
18% 18 V
38% 38%
39%:
46
27
•16
•44
25
18
17
46
28
'
18%
40
i
•2 'J 4
1*%
40 V
226 1224 224
49% 49 % 48% 49%
•18
18%
17% 17%
72
72
70% 71V
29%
80
30%
J 29%
•88
J0
*88
90
•2;:
•23
28
28
-185 193
•185 195
185
90
28
192
-6
7V
"6
7
•8
9
l
•6
7
7
•8
9
•27 V 30V
19% 19 V
23
19%
80%
81% 81%
•3
4
19
38% 39
39
&9h
93% 94% &93% 94
10
43
40
43
is
•IS
19
88%
10V
10
45
20 V
•39
40V
'222
S5% 85%
92% 92%
9 lOV
!'•-''.,
42
•25 V
18
92
*9
43
18
38
16%
16
•42
45
•25 V 20 V
18
18
•39
40V
•43
•25
220
17%
•39
90
•23
185
6
88
90
28
191
180
91
28
190
7
•6
7
8
9
"23
*3
•17
18%
81
31
19
81
*3
4
•8
28
226
28
-3
•112
•90
120
*5%
6V
•48 V 50
•31
32 V
•
04
•12
13%
207 V 209
•112
120
91
•5% 6%
*48V 50
30V
32 V
120
91
112
27% 27%
"8
•28
9
pref
3
4
•17
19
American Malting
Do
pref
49% 49% Amer. Smelt'g &
95% 95%
Do pref
49%
94% 95%
49
120
Retln'g.
American Snuff
Do
pref
American Sugar Refining
Do
pref
Do
pref
Amer. Teleph. & Teles...
American Woolen
Anaconda Copper
T>rooklyn Union Gas
"5% 0%
5% 6% *5% 6% i->runsw. Dock
& C. Imp'
48V 50 48 V 50 48 V 50 Butterick Co
•o% 0%
V 50
•31
31V 32
•48
64
64
32
64
32
31V 31V
64
*
*
32
64
/"Colorado Fuel
&
l
Iron...
\J Do pref
12%
208% 209% Consolidated Gas (N. Y.).
110% 110 V Continental Tobacco, pre!
13
13% Corn Products
71% 71%
Do pref
,.
•11
;,
.
1
22
23
101
100
Distillers Securit's Corp.
General Electric
11% I nternational Paper
60% 1 Do pref
11%
00
20
28% International Power
•38V 39 Internat'l Steam Pump..
74
74 70 -74 76
70
75 V 75V
Do pref
•7
7 10
7 10 Manhattan
7 10
10
Beach
42% 42% 542% 42% 42% 42% •42
42 V Vfational Biscuit
105% 105% •104% 105% 1U4%104% 5 104% 104% ?1 04% 105 V 1.* Do pref
17
17
10% 10% *16% 17%
10
17
10% 16%
Lead
89 91 88 02 •89 90 889 V 90% *S8 90 National
Do pref
"74
•7
70
10
Do
American Linseed
31
80
•
•7
pref
Do pref
18% 18V American Locomotive...
81%
Do pref
31
*12
*12% 13
12
13% 12
200% 207V 207% 209 V 208% 209 V
200 2b'o
111 111
•109% 111
110 VI 10 V
110V nov 109% 111
13 %
13
•12% 13%
$13% 13% 13
13
13% 13%
'71% 71V
72
71% 71% •71% 71V *71
•70V 71
•21
22
22
21
23
23
21% 23 522% 22%
104 V 164 V * 103 V 104 V 100'4 103% 161% 162% •161 163
11 12 "11 V 12 •11 12 11V 11%
*11V 12
00 07
•65
Hii
•05
07
06 V 66V 66
66%
•20
23% 26
28% -20
28% 20
28% 26
28%
3SV 39 •38% 39 *3SV 39
•38V 40
•38V 40
•74
Do
92
28
190
119 119 112 120
90
*90
95
91
§90% 90V 91
91
127% 120% 128% 127% 128% 127% 128% 127 V 128
127% 127%
126
•126
•125 127
126
127
12
7
127
127
126%126V
120 127 126 127 126 127
•120 127
•10% 11% *10% 11
10% 11
•10% 11
«11% 11% *10% 11
74 77 §74% 74% 575% 75% 75 75
*74
70
*74% 76
09 72
•70% 71
70 % 70
73
73
78 V 80
77 V 79
210 214
209 209
208 208 205 210
214 217 V 218 223
•112
*90
127 V
•125 V
Copper...
American Dist.Telegraph
American Express
6 American Grass Twine ..
3% 4V Amer Hide & Leather
•15 V 17%
De pref
0% 6% American Tee
*3
4
17 V 17 V
4
17
17%
48% 49
93% 94%
Miscell
17% American Car & Foundry
70 V
Do pref
30% American Cotton Oil
•ISO
18% 18% 18% 18 V
80% •80% 81V
19
48% 48%
93% 93%
9
31
&
76
10
•42% 42% *42 l4 42%
•104
105%
-17
18
88
90
134
•-2V 86
•131
•20% 27 V
97
07'.,
131
•81
•26
97
25% 26
20
25
"71
•212
*
72 V
214
•71
•212
19% 19%
•72
44
7%
44%
'ft
16%
•76V 78V
•39
40 V
•82% 85%
•%
1
37% 37 V
•27
28 V
10 V
•4
5
•48
53
74V 74V
6%
•41
•107
45
110
•82
•27
80
1
37 V
7
7
107
110
7%
7
7
80 V
80
80
7'„
7'.;
7
57
i ,i
1
'..
62%
10%
50%
I0»e
29
30
loo
•18
loo
7%
57%
14V 14%
62% 02^
10 V 10%
25%
70V
212
19
73
0%
•82
•130 135
135
132% 132% •130
82
83
83 V 83 V •82% 84
27
27 V 20
26% 20% 26
97
97
97
97
96% 97
25%
26
27% 25% 26 4
26%
•70
70 72 571%
71
72
212
211V213V 5213 213 Z212
*18
19
19
19V •18
*I8
*73
•73
75
•73
75
75
6%
7
6% 6%
6% 6%
42
42
42 % •42
44
•42%
16
10
10
15% 10% 16%
79
•70% 79
•76%
78V 77
39
40 V
39
39 V 39 V *38V
•83
84
83
*83
84
84
22
*%
%
i%
37
135
84
27
97%
37 %
37
28V •27
•%
1
37
28%
37
•27
6%
37
28 V
80
•0%
•50
7
57
02 4
>
"18
22
80
Oacinc Mail
-L
eop. Gas-L.ifc C. (Chic.)
7
Republic Iron
&
Steel
Do pref
16% Rubber Goods Mf g
78V
Do pref
40% Qloas-Sheflield St. &
84 O Do pref
...
44
Iron
Standard Rope & Twine..
36V Tenn. Coal, Iron & RR...
28V Texas Pacific Land Tins!
1
•27
7V 7V
41% 41% 541% 41%
107 110 105 110 104 110 103 110
7
40% 6%
7
•6% 7%
6% 7
bO
York Air Brake
North American Co., new
75
%
35
1
New
26% Pressed Steel Car
71%
Do pref
Pullman Company
212
19
ail
way Steel Spring...
j>
'
14% 14%
63%
10V 10%
55% 57
55V 50%
29
30% 27V 28%
loovioi
100% 101
•18
22
97
28V "27
4
02
26
4
%
37
50% 57V
1
>
7'4
80
*
6%
•130
83
43%
41%
16
16V 10V
•76V
'76V 79
•39
40 V *38V
42
7%
7'4
72 V
214
19
19
75
•6%
182
88
27
97
7
79% 80
"6% 7
57% 57%
14% 15%
64% 65%
10% 10%
55% 50 V
U
Do pref
U. S. Cast 1. Pipe & Fouu.
Do pref
United States Express...
United States Leather
Do pref
79% 80
"OV 6% U S Realty&Construction
57% 57%
Do pref
14%
16
17 V United States Rubber
64
66 V 68%
Do pref
10% 10%
10% 10% United States Steel
55% 50V
50
56%
Do pref
28 V 28 V •27 V 28%
28% 28 V Virginia-Carolina Chem..
101 101% 101% 101% 101 V 101%
Do pref
"6%
57
*
18
80
7
67
15
04 V
22
•18
22
•18
22
Virginia Iron Coal
<ft>
Coko
040
670
•107
210
HH% 88%
•168
161
*17f>
200
110
88% 88%
l.V.I'v
•175
195
200
212
•88% 80
•157
'175
•200
212
88% SS%
L61
157
161
200
•175
200
205
210
•205
•88% 89
•157
•175
101
200
210
\l/ells, Fuwe <fc Co
est'n Union Tolu'gpli
588% 89% Vt
155 V 167
•175 200
Apr 22
Pi b2(J
Krli'Ji
39% Apr 25
Jan 21
Apr
94 V Apr
90
14V
I'fbj:
19% Jan
42
22
ivl)2i
.V2'.,
1
90 V Feb
88 Fob
78 Fob
170 J'ly
i
87%Feb2S
Fib 2
10 V Jan 4
38 Jan 4
Highest
J'ly
4
6
22
Jan 22
29% Jan 2,
21%Jai:2o
47% Jan 27
24
Sep
79
155
Oct
J'm
65% Aug
83% Aug
9
Dec
35
J'ly
10% Oct
27 V sop
12
J'lv
06
Jan
Jan
68% Mar
36% Jan
96
Fob
90V Mar
43% Fob
128% Jan
37% Jan
31% Jan
48 Jan
122% Jan
«15'J% Deo
104% Jan
95% Fob
22% Jan
64 V Jan
82% Feb
55% Feb
27 V Feb
62 May
Sep 38V Fob
14% Oct 29% Feb
33 Nov 55 V Feb
40% Nov
20
155 {220 Feb 2 225 Jan 6 5204 Jan 235 Feb
67,580 43% Feb 8 52% Apr 8 33% Oct 75% Mar
17% Nov 41% Jan
4,870 17 Apr 29 21% Jan 27
2,170 07 Jan 6 74% Apr 7 60 V Nov 93 Jan
310 2svJan 7 32% Jan 25 26% Aug 46% Feb
100 89 Jan 22 90 Feb 9 82 J'ly 98 Feb
23 Mar21 25 Jan 15 24 Nov 41V Jan
}186 Mar 7 5197 Jan 2, 171 Aug 235 Feb
6 J'ly 29% Jan
200
5 V Jan 19
8 V Feb 15
2% Oct 11% Jan
2% Jan 5 5% Jan 27
Apr
8
10
Oct 37% Jan
Jan
5 18%
300 11%
0%Mar24 9% Jan 2
4 Oct 11% Jan
040
500 24%Mar24 36 V Jan 4 16VOct 42% Jan
5 J'ly 19% Jan
8% MariO 12 Jan 22
220 28 Jan 19 30 Mar21 23 V Nov 48 V Jan
23%
16
Jan
Feb
lOVOct
31% Feb
16%
6,100
992 75 V Jan 6 83 Mar22 67 V Oct 95% Feb
3 Jan 8
2 V Mar
5 % Feb
4% Jan 22
300 17 Jan 7 22 Jan 14 14V Sep 24 V Jan
Jan
28
Oct
Feb
Feb
52%
25 51V
36%
6,825 46
8,661 88% Jan 6 95% Apr 29 80% Oct 99 V Feb
100 110 Jan 21 120 Feb 29 90 Aug 126 Mar
91 Jan 13 80 Sep 98% Jan
150 85 Jan
18,000 122% Mar 7 131% Jan 25 107% Oct 134% Jan
200 123 Jan 4 120% Jan 30 116 Aug 123 Dec
150 121 Feb 10 130 Jan 25 117% Oct 169 Feb
7VOct 14% Feb
20 10 Jan 4 12% Jan 11
130 69 Jan 25 75%Aprll 65 Oct SO Jan
5,350 61 Feb20 80% Apr 12 58 Oct 125 V Feb
3,434 185 Marl6 223 Apr 29 170 Sep 225 Jan
;>% Mar l
7 Jan 26
5
Oct 15% Jan
47% Feb 19 49% Mar 7 40 Aug 55 Jan
590 25VMarl2 34% Jan 27 24 Nov £2%. Jan
63 Apr 5 05 Jan 2 7 05 Dec 122 Jau
9% Not 22% Feb
220 1134 F(Jb27 16% Jan 26
29,188 185 Feb 8 210 V Apr 20 101 "Aug 222 Jan
67o 101% Jan 4 111 Apr 6 94% Aug 119 Jan
2,660 12% Marl5 22% Jan 25 15 V Nov 35 Mar
225 05 Mar 9 74V Jan 23 00 Nov 85% Jan
2 J J'ly 34% Jau
12 a 20% Apr 20 20 V Jan 21
1,500 150 V Feb 24 179% Jan 23 136 Sop 204 Feb
1 9 % Jan
10% Jan
14% Jan 25
9 J'ly
200 04% Feb 9 67% Apr 6 57% Nov 74% Feb
20 Mar 1 2S Marl 2 23 Nov 73 Jan
31 Jan 2 40 Apr 7 28 Dec 46% May
100 71VFeb 9 78 Apr 7 70 Oct 89 V Jan
8 Apr 19,
OVSep 13 May
0VMar21
150 30 Jan 4 45 Mar23' 32 Oct 47% Feb
020 100% Jan 10 105% Apr 25 04 Oct 100% May
1,310 14% Feb 25 19%Aprl4 10 V Nov 29 V Feb
85 80% Jan 2o 91 April 75 Oct 95 Feb
300 120 Feb 2 5 139% Jan 22 105 Oct 177 Jan
300 80 Mar 12 90 Jan 26 68 Sep 124 V Jan
100 2 1 Feb 2, 33% Jan 18 17 Aug 42% Jan
1,010 92% Marl2 1.02% Jan 23 87% Sep 108% Feb
6,970 21V Apr 21 33 Jau 28 22 V Nov 05% Jan
210 09 Jan 2 72 V Jan 28 02 V Nov 95 Feb
207 209 Marl4 219% Jan 22 190 J'ly 235% Jan
800 18% Apr 21 24% Mar 2 16 Sep 37 Feb
100 71% Mario 78 Jan 4 67 Nov 90 Feb
8% J an 25
2,125
6% Jan
5% Nov 22% Fob
2,142 40V Jan 4 49 V Jan 23 36% Nov 80% Feb
500 14 aj Apr 15 22% Jan 27 12 J'ly 30 Fob
74% Jan 15 79% Apr 4 60 J'ly 84V Feb
41% Apr 12 22% Oct 72 Fob
400 31% Jan
77 Jan 5 84 Apr 6 67 Nov 97 V Feb
1 % Feb 24
%Sep
% -Mar
6VFeb
20
4,840 34% Fob 24 41% Apr 7 25 % Nov 68% Mar
27 Feb 9 29 Jan 22 22 Aug 40% Jan
4
Mar22
5% Jan 20
4 V J'ly 15 Jau
45 Feb 24 58% Jan 4 57% Dec 79% Jau
0%Apr 8 8% Jau 21
6 Sep
900
221 40 Mai'2.| 40 Jau 22 33 Nov 55 Feb
100 Feb 24 110 Jan 25 95 Aug 150% Feb
0% Feb 23 8% Jan 25
6 Sep 15% Fob
2,216
90% May
2,243 75% Jan 4 80% Apr 18 71% Oct
4 Dec 28 V J an
5% Juu 15 9% Jau 21
1,410
4,914 40 Jan 14 59 Apr 22 30% Nov 73 Jan
15,5811 10 V Fob 6 17 V Apr 29
7 J'ly 19% Feb
0,950 41 Jan 4 68% Apr 29 30% J'ly 58 Feb
18,581
9% Jan 6 12% Jau 2 10 Nov 39% Feb
201,237 54% Fob 1 62 V Apr 7 49% Nov 89% Jan
2,640 23 V Apr 10
% Jan 26 17 V s.p iHy as F'eb
2,821 97% Apr 10 loo% J an 26 80 Aim 128% Fob
20 Apr 20 20 Apr 20 17 Sep 39% Fob
Vulcan Detlnning
•205
2l%Teb23
Mar 14
717
Erie...
dams Express
A
1,700
Feb 17 12 Jan 15
900 42% Apr 19 47% Jan 22
460 17 Feb 24 21% Jan 27
9,540 32% Feb 24 41 Jan 25
,
49% Amalgamated
88
23
80
4
17
19
48% 48%
93 % 93%
48 V
93% 93V
9
28
Do
18% ivbj;
77 V Jan 6
90 Feb 25
Lowest
50
68
Aug
Jan 28
49% Jan 23 39 Dec
107 Jan 23 148 V Sep
16% Jan 22 12 Aug
Jan 23 24 Ana
52% Jan 27
, Sep
2.1%. Ian 27
16% Oct
69
22
86% Jan
V Oct
02 Jan 26 85 J'ne
27% Jan 23 20% A ag
K
124 V Jan 13 100
22 Jan 21
17% <>ot
20% Jan 2:; 15 Sep
570
9
v. tr. cfs.
pref. vot. tr. ctfs.
Industrial
8
9
Marl 4
91,075 71
695 £86 V B'eb26
Wisconsin Cent.
40 V
48V 49% 48% 49% 48%
17
17% 18
517% 17%
70
70
69 V 70' 4 70
71
69%
29 V 30 V 29 V 30 V *29V 30 V •29%
"8
28
19 V
81
IS
Jan
1
3,000
1,900
2,250
pref
Do lstpref
Do 2d pref
39% Jan
150
100 115
100 19
980 22
9. lis.",
32
[
44
26 V
Mar
!
pref. vot. tr. ctfs.
16% Wheeling* Lake
561
'.'
UnitRysInv'tof San Fran
Do
Highest
Lowest
4SC 12% Mar
1.000 29% Feb 24
36,020 41V Marl
City Rapid Transit.
Do pref
[nion Pacific
•%" Do
pref
\\7 abash
38% »" Do pref
220
226
Do
"400
4IHI
Twin
92
1"
43
18
47% 48%
17% 17%
•88
•23
C.&E.J.coni stock tr ctfs
Louis Southwestern..
St.
84% 85V
38% S8%
18%
226
'
Do pref
34V 31V
47% 48% Southern Pacino Co...
21
21% Southernv.tr. cfs. stmped
Do pref.
85
do
3% 4V 3% 4V
-3% 4V 3% 4V
10V 16V •17% 17% *15V 17% •15 V 17 V
7
7
7
7
«6% 7% 6% 7
27% 27% 27% 28
§28% 28% 27% 27%
•3% 4V
•16V 17%
7%
•27% 28
•17
•48
225
as
38 V
15V
14
L&SFr.JPM&Coctls
Do 1st pref
Do 2d pref
M. <& O. stooktr. ctfs...
23% 23% •22 V 23% pexas & Pacific
121 121
•120V121 V 1 hird Avenue (N. Y.)...
•19% 20 Toledo Railways <& Light
•19% 20
26
26 Tol. St. L. & W. v. tr. efts
26% 26%
93
92%
92
*9
158
14
Ranqe ror Previoui
Range for Year 1904
Year (1903)
On basis o/100-share lots
Week
Shares
r
-1% 86%
84
44
44
•18
39
16
•45
39
93
•150
48% 48%
21% 21V
85% 85%
23%
26%
.
92
:'.•;
86%
192% 92 "a
»8% 1()
26 V
75
47V •40V 47 V
159
13%
34 V 34 V
28%
,
•00
75
18%
122
121 k
120
158
1
"a
111
•120
158
•155
157
13%
14%
•60
•46 V
•46% 47V
46% 47
35 %
75
•60
75
157
L58
•11
35',
,
•60
75
the
STOCK
EXCHANGE
•St.
-co
[Vol. lxxviii.
2
:
STOCKS— HIGHEST AND LOWEST SALE PRICES
Saturday
April 23
:
West'gh'seEl &M f g assen
i,
,
-1
;;
i
SVDec 33% J an
70 Sop 81 Jau
5204 Apr 15 5212* Jan" 6 5191 J'lv 249 V Feb
003 SO Jan
89% Mar 17 80% Sop 93 Jan
320 15 4 Feb 23 173% Jan 21 130 Oct 221 Jan
5180 Apr21 194 Jan 19 160 Sop 22 4 Jau
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
ItaiiUs
Varlck
Wash.
J!
id
Ask
176
J
Hanks
OKLTN
Bid
Ask
Rid
Mid
Trust Cos.
Ask
Trust Co's
Rid
Ask
Trust Co's Mid Ask Trust Co's Rid Ask
MntAllianoo 200 225
N 7 Idled! I'r 1000 1050 BROOKLYN
N YSecfcTr 600 010
North Amer. 245 255
Brook yn Tr J406
KealKst Tr 325
190 200
...... Flat bush
standanlTr'l 325
Frankliu
320 340
Tr Co of Am. 220 225
290 300
Hamilton
400
Union Trust 1300 1376 Kings Co
290*
USMtg&Tr 390 410 L Isl L&Tr.
2M»"
Nassau
Unit States U460
N. Y. CITY
Exohange Tr
Bankers' Tr. 280
Farm Lo <ft Tr 1375 1425
York
Merchants'.
Hiiwl'gGreen 19S 202
FH Hi Ave Ti- 580 560
Nassau
BroadwayTr. 140 150
ll naranly Ti
880
ily
806
C'lB'tyB&Ti 500 526
185
Guardian Tr 175
BROOKLYN
North snio", 230
Central Tr'si 1U25 tiiwo Knick 'rb'k'r 880
Peopli
City Trust...
5
Lincoln Tr... t330 ......
280
Borough^
17th Ward',, l.-.o
60
Colonial
300 320
.Manhattan
475 500
Broadway"
300
Spragne
2 10',
'ulllllH.llW'lll
60
Mercantile .. 1000
Brooklyn'
130
SinyVl, lli.s" 180
VauN'denTr 190 200 People's
325 350
Eastern Tr..
Merchants'.. 200 220
165
Dou'ylAHB' 140
linionli
150
Willianisb'g. 235
245
Empire
Molnipolilaii 1001
Washington 390
300
First
190
Wallalioul"
150
Windsor
170 180
ECqmtableTr 05o 700
Moi'lnuTrusl 885
895
* Bid ami asked pnees; BO sales on this day.
5 Less than 100 sn ires,
b)x rights.
A3, i' ilorgan v Co. oertille ates.
1 Sale at Stock Exchange or at auction this week,
o Ex stock di vidond.
s Trust Co. certificates, fl Bl inks marked with a paragraph (H) are State banks
West
1
1'lil,si
Side",..
I
200
500
375
Maniifaolrs', 325
U I'i'lianieslj
220
116
i
1
•
•i
I
I
.
.
I
.
i
New York
1
Exchange—Bond
Stock
4
2
1
Weekly and Yearly
Record, Friday,
OCCUPY 1N<; KOUIl PAGES
BONOS
Price
STOCK EXCHANGE
Week Endinm Apkil 29
Ask Low
Bid
US
U. S. Government
2s consul registered. dl930
US 2s consol
U S 2s consul reg small. .rtl930
U S 2s cousolcoupsmall.<J1930
fcl918
V S 3s registered
fcl91S
US 3s coupon
.fc!918
bonds.
U S 3s reg small
bouds..fcl918
small
S
3s
cou
U
ftl907
U S 4s registered
Til 907
U S 4s coupon
1925
U S 4s registered
1925
U S 4s coupon
134% 133
134
110
.
.
Railroad
Alabama Ce nt See So Ry
labaMidl &ee At Coast Line
Albany cfc Sustj bee Dei <fc Had
Allegheny Valley seePeun RK
Alleg cfc West .See Bull R cfc F
Ani Docket lm /S'eeCeulof N J
/(.1995 y-J
Ann Arbor 1st g 4s
Atch X cfc S Fe gen g 4s... 1995 A-O
Registered
1995 A-O
Adjustment g 4s
/i.1995 Nov
Registered
/j.1995 Nov
Stamped
/il995 M-N
East Okla Div 1st g 4s. .1928 MS
Clue cfc St Louis 1st Os.. 1915 M-S
Knox
Nor
cfc
1st g5s..l940
W
"
106
.1
-D
M-S
92
marks
984
o n the b
98 4
ices
11 1
121
106
Ul 34lll 34
lu
ne do liar.
II
98% 984
2
asis
of to to £.
Mar'02
Mar'03
102
Feb '04
102
1364J'ly'01
120 Mar'OO
96 4 Apr '04
93 4 Nov'03
92 4 Mar'04
92% 24
1004 355
99% 15
914
92
82 4 Jan '04
91 78
92
1144 Oct '02
93%
944
944 Sale
A-O
A-O
M-N
J-J
1234
1104
112 4
934
J-J
95
PLKiWVa
M
Beech Creek See
N
82 4 82 4
87 4 92
91
91
112% Jan '04
112 Apr '04
Aug'01
914 Oct '03
87
J-J
y-J
A-O
94 4
94 3
4
100=8 Sale
89%
Sale
J-J
y-J
F-A
90
Sale
M-S
A-O
J-J
&H
94 3
94
4 120
93 4 Apr '04
1004 101 124
96
964
106*1!
108
119
95
96
L10
94
Nov'03
894
89 34
12
95 4
96 \
90 4
894
904 J'ly '02
Buffalo
Buffalo
All &
1194 Mar'04
98
Aug'03
1004 Feb '03
See Illinois Cenl
Mouta.uk See Long 1
West See Atl Coast L
Y cfc Erie See Erie
N
R & P gen
g 5s... 193 M-S 115 116 114 Mar'04
West 1st g 4s gu..l998 A-O
C1& Mali lstgu g5s
1943 J-J
103 Apr'97
Roch cfc Pitts 1st g 6s. ..1921 F-A <121
1214 Mar'04
J-D
Consol 1st g 6s
124
1922
124 Apr '04
Buffalo cfc Southwest See Erie
Buft & Susq 1st ref g 4s.rfl951 J-J
37%Apr'04
Registered
dl951 J-J
-11
Bur Cedar R <fe No 1st 5s. 1900 J
103 410394 1034 103 4
Con 1st <fc cul trustg5s..l934 A-O 115%
1154 1154
Registered
1934 A-O
1204 Mar'03
CRIFcfcN Wlstgu5s.l921 A-O 107 4,
118 Jan '02
<fc St L 1st gu g 7s
192 J-D
Ctanada South 1st 5s
1908 J-J 1044 Sale 103% 104 4
>2d 5s
1913 M-S 105 4 Sale 105 4 1054
Registered
1913 M-S
107 Aug'03
Carb & Shawn See 111 Cent
Carolina Cent SeeSeab Air L
Carthage cfc Ad See N Y C «fc H
M
Ced R la F <fc N /See B C R & N
Cen Branch U P 1 at g 4s ... 1948 J-D
Cen Branch Ry See Mo Pac
See Balti & Ohio
RR & B of Ga col g 5s 1937 M-N
Cent of Ga RR 1st g 5s..j;1945 F-A
914 94
38
1
91 4 Mar'04
Central Oluo
Cen
Consol gold 5s
Registered
1st pref income g 5s
2d pref income g 6s
pl945
pref income g 5s
Cnatl Div pur mon g Is. 195
1946
Div
1st
5s.
Nor
g
BtM A
1947
Mid Ga <fe Atl Div 5s
1946
Mobile Div 1st g 5s
Colit of
J geu'l gold 5s. 1987
Oct
J-D
J-J
J-J
J-J
1945 M-N
1 945 M-N
pl945 Oct
pl945 Oct
107
108
1154
H64Mar*04
109
108
2
4 Sale 1094
1094 56
105 4Se»'01
70
71
31
Sale
70%
31
70%
31%
19
87
1034
1024
Ask
I.mu
20 4
92 4
20
99
104
102
109
L08
N
J-J 129% 130
hi 987 y-J 1284
J-J 1114
gu
Imp
68..
192
Am Dock&
100
Le<fc Hud k gen gag 6a 1020 J-J
Leh cfc Wilks B Coal 5s. 191 M-N 102 104 3
Q-M 1014 Sale
g1 9
Cou ext guar 4 4s
N Y& Long Br gen g 4 s 1941 "M-S 1014
94 4
.
i
56|
Range
aa
Last Sale
!
1
Ntnce
January
1
High No Low High
Apr '04
204
18
Aug'02
Feb'04
104
104
J'ne'99
J'ly'03
L29% 129%
128% Apr '04
111% Apr'04
Registered
128 1314
1-^7413114
11141124
Apr '04
1014 1014
102
102
102
102
100
See So Pacific Co
See Atl Coaat Line
Ohio g 6s ser A..A1908
dies
al911
Gold 6s
L939
1st consol g 5s
Cent Pacific
Chas&Sav
&
4 103
A-O 108 Sale 108
108
109%
1 1094111
A-O L09 4Sale 1094 1094
M-N 1174 118 1174 117% 4d 114 34 117%
115 4 Apr'04
1939 M-N 1124115
113 1154
1992 M-S 102% Sale 102% 102 34 68 100 4104
103 Apr '01
1992 M-S
Registered
General gold 44s
Registered
1940
Craig Valley lstg 5s
A Div 1st con g4s.. 1989
1989
2d consol g4s
Warm Spr Val 1st g 5s.. 1941
Greenbrier Ry lstgu g 4s '40
CI11C& Alt RB ref g 3s... 1949
Railway 1st lien 3 4s... 1950
1950
Registered
Chic B cfc Q— Ch cfc la D 5s 1905
1922
Denver Div 4s
1949
Illinois Div 34s
1949
Registered
Iowa Div sink fund 5s. .1919
1919
Sinkingfund4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han cfc St Josconsol 6s. .1911
Chic & E 111 1st s 1 cur 6s. 1907
1934
lstooneolg 6s
1937
General consol lst5s
1937
Registered
Chic & Ind C Ry 1st 5s. 1936
Chicago cfc Erie see Erie
Ulnc In cfc Louisv ref 6s. ..194
1947
Refunding goldSs
Louisv N A &Ch 1st 6s. 1910
Chic Mil cfc St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..61989
Registered
el989
General g 34s series B.el989
R&
Chiccfc
J-J
J-J
J-J
M-S
M-N
A-O
J-J
J-J
F-A
F-A
J-J
J-J
100
101
94
104
85
110
1014
96
112 May'03
101 4 Apr'04
94 4
944
9941014
944 94 3
i
1064 Oct '02
90% Dec 'Oil
834 834
834
77 4 Sale
814 844
744 774
76%
774
83% Apr '02
104% Apr '00
100% 1014 99 Mar'04
99 101
3 91
93 Sale
924
93
93
904
90 4 Apr '04
904 904
3
3
3
2
A-O 1094
109 «
109 4
109 4 109%
A-O 101
100 34 Apr'04
100% 100%
M-N 106 34 Sale 1064 106 34 18 104% 106%
M-N
105 Dec '03
M-S
100 34 Feb'04
100 100%
M-N
M-S
1064108
112%ll4
J-D 1084
A-O 129%
106% Apr '04
105 34 107
1144115
M-N
M-N
117
Feb'04
Apr'04
Apr'04
1174 1174
J-J
1144.
120
113
Dec '02
Jan '04
Apr'04
110
129
108
108
115
108
129
J
J
.
109%
1104
110%
Jan '04
Apr'04
110%
.1
109% salt
109
111
109%
Dec '02
114
11
175
J
J-J
LSuDivg5s....l921 J-J
Chic cfc MoRiv Div 5s...l926 J-J
1910 J-J
Chic cfc Pac Div 6s
1921 J-J
112%112%
Chic cfc P Wlstg5s
109 112
Dak cfc GtSogSs
1916 J-J
1924 J-J
Far cfc Souassu g 6s
1910 J-J
Hast cfc D Div 1st 7s
1910 J-J
lst5s
1908 J-J
Extenlst7s
LaCrossecfc D 1st 5s. ...1919 J-J
Mineral Point Div 5s
1910 J-J
1910 J-J
92% 05 4
So Minn Div 1st 6s
924 93 4
Southwest Div 1st 6s
1909 J-J
J-J
.1921
1004 1024
Wis «fc Minn Divg5s...
1004 101%
Mil cfc No 1st
L 6s. ...1910 J-D
1913 J-D
1st consol 6s
874 89 3< Chic cfc Northwcons7s
1915 y-F
Extension 4s
1886-1926 F-A
924 97
Registered
1 S66-1926 F-A
874 904
General gold 3 4s
1987 M-N
Registered
»1987
105 4105 4
Sinking fund 6s... 1879-1929
1879-1929 A-O
Registered
1194 i*22"
Sinking fund 5s. ..1879-1929 A-O
Registered
1879-1929 A-O
1909 M-N
Debenture 5s
Registered
1909 M-N
Debenture 5s
1921 A-O
Registered
1921 A-O
Sinking fund deb 5s
1933 M-N
Registered
1933 M-N
113 4117
DesMo&Minn 1st 7s. .1907 F-A
Milw cfc Madison 1st 6s.. 1905 M-S
North Illinois 1st 5s
1910 M-S
Ott C F cfc St Paul 1st 5s 1909 M-S
12141214
Winona & St Pet 2d 7s.. 1907 M-N
1214124
Mil L S cfc West 1st g 6s 1921 M-N
Ext & Imp sfuud g5s 1929 F-A
974 99
Ashland Div 1st g 6s. .1925 M-S
Mich Div lstg 6s
1924 J-J
101% 103 4,
Convertible deb 5s
1154117
1907 F-A
Incomes
1911 M-N
Chic Rock Isl cfc Pac 6s. ..1917 J-J
Registered
1917 J-J
General gold 4s
10241044
1988 J-J
Registered
104%1074
1988 J-J
Coll trust Series B 4s. ..1904 M-N
H4s
1910 M-N
M48
1915 M-N
N4s
1916 M-N
P4s
1918 M-N
Chic
R
I
90
924
& Pac RR 4S..2002 M-N
Registered
2002 M N
Coll trust gold 5s
1913 M-S
Ohoo Ok & G gen g 5s .01919 J-J
106% 108
Consol gold 5s
1164H8
1952 M-N
DesM cfc Ft D 1st 4a
I03 34l09%
1905 j-J
1st 2 4a
1905 J-J
Extension 4s
1905 J-J
65% 714
Keok & DesM IstSa
32
1923 A-O
28
1154
111%
1154117
1264129
137 4J'ly'99
117
118
106
169
110%
1074109%
974 98%
115% 119
109% 111
114 34 116
109% 1114
110% 1184
Feb'04
Mar'04
Mar'04
113% Oct '03
112%....
106 34l07
106 34
106 34
109*4 Feb'04
1144
112%
117%
129% Sale
114%Apr'04
113
106% 107
11(> 34
Oct '03
129 34
1144 117%
129% 129%
102% 105
129 4
102*4 Apr'04
106% Oct '02
99 Apr'04
103 Nov'98
111 4 Apr'04
•994
111%
:)
97
105%
108 4
Mar'04
Mar'04
Mar'04
108% Mar'04
3
108 4 Jan '04
118 Apr'04
116 Apr'04
107
105
104
....
309
....
...,
...,
1184...,
*115 34 ....
107 ...,
101 ....
103%...,
104%...,
1124....
4 99%
11141114
1114Dec'03
10841104 1084 Apr'04
106
106
102
110
112
109% 109%
114 114%
117% Apr'04
103
103
106
169
106
169
Ul%1124 111% Apr'04
111
108
175
108
169
109
1114
128%
1064
115% 118
1124113
974 Mar'04
64 Apr '03
4 Sale 1114
129
129
lu
116 Apr'04
1104 Feb'04
115 4 Apr'04
116
111
1064108%
J'ly'oo
J
J
u
105 4 Mar'04
109 34 Oct '03
BellevcfcCar
Bklyn &
Brims &
Rid
M
1004 Apr '04
y-J
Week's
Range or
t'ri-Jail
1'9
April
I&D
95
YC
8
7
125 4Nov'03
wis
M-N
y-F
4sl941 M-N
Sys ref
Soutliw Div 1st g34s... 1925
Registered
/j.1925
Monon Riv 1st gu g 5s. .1919
Cen Ohio R 1st cg44a.. 1930
Pitts Clev cfc Tol 1st g 6s 1922
Pills <fc West 1st g 4s. ..1917
«& Co cents
J P
"92 4
7
84
W
M
914
91% 934
98% 1014
99 1014
«74 92
93% Dec '03
109
102 4
954 96 4
7 4 Apr '04
91*4.
134
82% 132%
132% 134
Apr '03
92
92
J-J
108
1094 Feb '99
99
Sale
107
104% Sep '02
1094 Oct '00
102 4Mar'02
997e
Sale
1084
954 Feb '02
92
1004
4107%
106*4
1
Mar'04
lour
v.
1
Mar'u4
34
11
M-S
95
...
1
These are price s on the oa sis of
U S of Mexico s I g 5s of 1899 y-J
hese are pr
State Securities
102^....
1906
Alabama class A 4 to 5
1900
Class Bos
1900
Class O 4s
1920
Currency funding 4s
119
1924
Dlst of Columbia 3-05s
104 %
Louisiana new consol 4s. .1914
Small
1894-1995
Missouri funding
103
North Carolina consul 4s. 1910
1918
6s
1933
So Carolina 4 4s 20-40
96
Tenn new settlement 3s. .1913
Small
•934....
Virginia rand debt 2-3s... 1991
64 74
6s deferred Brown Bros ctfs.
Atl
106% 106»«
106 34 108
100% Mar'04
Foreign Govenunont
Frankfort-on-Main 3 4s ser
Atlantic Coast 1st g4s./«,1952
Charles <fc Sav 1st g 7s.. 1930
Sav F cfc VV 1st gold 0S..1934
Istgold os
1934
Ala Mid 1st gu gold 5s 1928
Brims cfc
1st gu g 4s 1938
Sil Sp Oca cfc G gu g 4s 1918
Atlantic cfc Dauv See Suuth Ry
Atlantic cfc Yadk Nee South Ry
Austin & N
See Sou Pacific
Bat Creek & S See Mich Cent
alt & Ohio prior 1 g 3 >aS.1925
Registered
A1925
Gold 4s
/tl948
Registered
/t-1948
Conv deb 4s
1911
P Jun cfc Div 1st g 3 "381925
Registered
pl925
1054 1064
1074108 1084 Apr'04
1074108 108
108
133 1884 132%Apr'(>4
Philippine Islands land pur1914-34
chase 4s
'-
,U\
10541074
10
106*4 107
106% Mar'04
107 41084 107 '4 Apr '04
107 J'ne'02
105 Hi....
Price
STOCK EXCHANGE
January 1
Week Ending April 29
Low High Central of Ga—(Continued)
N. Y.
Since
High
1054105% 1054 1054
1054105% 1004 Mar'04
£1930
coupon
BONDS
Range
Week's
Range, or
Last Sale
Friday
April 29
N. Y.
1104
106
104 4
104
108 4
107
106
116
116
1044
108%
108% 108%
115 4 118
Nov'02
Oct '02
105% Nov'03
106
108
112 4 Apr '04
129% 1294 129 Apr'04
1184....
117% Mar'04
129 34 ....
129 34 ....
1034...,
112% 112 4
1284 129
1174118%
142 4 Feb'02
131 34
Dec '03
Apr'04
Sep '03
122% 123
122%
103
109
123
120
103 4104
10.14
123
103
5
Feb'04
104
107
Jan '03
98
Aug'03
i'i
103
121% 123
120
101
120
104
99% J'ne'02
994 J'ly '02
99% J'ne'02
Aug'03
73 4 58S 664 74%
88 4 Jan '03
85
80
80 4 193 73
10 v, Jan '04
104% 104%
87
73% Sale
72%
80 4 Sale
105
1
103% Jan
96
93
9«
103 4
103% 103%
'04
95 4 Oct '03
90 Oct '03
.
.
98
.
93% 98
1044106
Jan '04
104 4 Apr'04
lUlSCELLAiNEOLS BONOS—Continued on Next Pa«e.
Street Railway
Brooklyn KapTr g 5s
1945
1st refund conv g 4s
2002
BkCity 1st con 5s. 1916, 1941
Bk (J Co «fc S con gu g 5s. 1941
Bklyu Un Ei 1st g 4-53.1950
Kings Co El 1st g 4s
1949
Nassau Elec gu g 4s
1951
City cfc S Ry Bait 1st g 5s. 1922
Conn Ry cfc L lstcfc rel g4 4s '51
Den Con Tr Co 1st g os... 1933
Den Tram Co con g 63. .1910
Met Ry Co 1st gu g 6s.. 1911
Det Cit StRylstcoug5s.l905
Gr Rapids Ry 1st gos...al916
Louis Ry Co 1st con g5s..l930
Market St C Ry lat g 6s. .1913
Met St Ry gen col tr g 58.1997
Bwaycfc 7th Avlstcg5s 1943
•No price
Street Railway
994102 4 Met St By—fC'on^Ref g 4s2002
Coltfe9thAvlstgug 5s.l993
77 Sale
77% 262 72% 77%
75%
LexAv&PFlstgug5sl993
107% 1084
1084 Apr'04
108%
Third Ave RR con gu 4s 2000
100 100
100
100 Mar'04
Third
Ave Ry 1st g 5s. .1937
102% Sale 102 4 102% 54 100 1034
874 MetWS El (Chic) lstg 4s. 1938
864 81 82
86
864 85 4
804 Sale 794
804 94 794 804 Mil El Ry cfc L 30-yr g 5s. 1926
Minn St Ry 1st con g 5s. .1919
90
924 St JoRyLtHcfeP]8tg58.1937
90
91 Apr'04
St
Paul City Cab con g 5s. 1937
95 J'ne'00
A-O 101
J-J
J-J
M-N
F-A
F-A
J-J
J-D
J-J
A-O
102
101
102
21'
1
J-J
J-J
J-J
103
Nov'01
109
Mar'98
J-D
J-J
J-J
F-A
112% 113% 113%
J-D
114 4
Friday; latest price this weeK.
WZ\
A-O
90 4 Sale
89 4
904
M-S 1154117 115 4 Mar'04
114
Mar'04
M-S 114
J-J
94 4
94% Sale 94 4
J-J
J-J
105
M-N
1004
J-J
Union El (Chic) lat g 5s. .1945 A-O
United RRs San Frsf 4s. 1927 A-O
United Rys St L lat g 48.1934 J-J
W Clue St 40-yr cons g 5s. 1936
118
,
F-A
F-A
\1-N
Gas and Electric Light
11241154 Atlanta G L Co lstg 5s. ..1947 J-D
77
.
118
94
106
110
54
89
115
924
4H9
1164
94% 954
114
84
116
94
Apr'04
Feb'04
Oct '99
118
J'uc'02
109 4 Apr '03
109 4 Dt.c "99
774
774 77 %
81 Apr'04
81
99 Dec '97
45
75 4 80
81
81
L12%1154
Bklyn U Gas 1st con g 5s. 1945 Vl-N 115 4 Sale 115
1154
1124115
Apr'04
a Due Jan d Due Apr e Due May j/Duej'ue h Due J'ly k Due Aug oD ue Oct p Due Nov *Option sale
115
1
E
Bond Record
BOND*
trxce
stoc k exchange
Wkbb Ending April 20
Chic&st
April 29
iTASaFi
i
Ohio st Let n o Bee n
Chic St L Ac Pitta &V Penn Co
Chic St P M A O con
Cons 8s reduced to 3 \ e
Ch St P A; M mi .st g 68 1918
Nor Wisconsin 1st 68.. .1980
st P & 3 City 1st g 6a.. .1919
.1941
Chicago Ti
(')uc A.- West
nd -i n - tiao] 932
CluccfcW.Muii .v. PereMartj
ChooCcfc t.uii &'m C k j A r
Cin H cfc D consol s 7s.. .190*
2d gold
Cm D cfc 1 1st gu g Bs.. 94
Last Bale
ASH Low
bio.
January
Jliylt
No Low High
1
i
J
132 % 133
I'
C
4M
St L&C
I
Cin 8
&C
1
.
SeeC C C &
C O C St L
1
SI
132%
:;_>%
.[
A-o
130% 133
130%
'i
I
80%
.!• J
7s
110
SO'.,
111%
Ill
Ill's
181*'
L20»4 120*4
L22%
82»4
111'4
ieo'08
Oot '00
A-O
J-J
112"6
M-N
113
113
.
Deo'Oi
l
B R &
ClevCiuCA- St L gen g 4s 1993 j-r>
Cairo Div 1st gold Is.. ..1939 j-j
Cin W<fc M Div 1st g 48.1991 jj
St L Div 1st col tr g 4a. .1990 M-N
Registered
Li ''.mi M-N
Spr&ColDiv 1st g4«.. 1940 MS
Val Div Istg4s...l940 J-J
CIStLAO consul 68..1920 M-N
Bee
.Mali
<fc
1
&1936
fi-F
1st g 5a. .1928
J-J
CCCcfc
I ooiisol7s
1914
1914
Consol sin k t nnd 7 s
General consul gold 0s. 1934
Registered
1934
Ind 131 &
1st prel 48.1940
1st pi 58.. .41938
O Ind cfc
Peo & East 1st con 4s. ..1940
1990
Income 4s
CI Lor & Wh con 1st g6s.l933
Clev <fc Marietta See Penn KK
Clev As Mahoo Val k 5s. ..193s
Clev cfc Pitts See Penn Co
1947
Col Midland 1st g 4s
Colorado cfc Sou 1st g 4s. ..1929
Colum cfc Green v St4 So Ry
Col cfc Hock Val See Hock Va.
Col Conn cfc Term See Is' <fc
Conn <fc Pas Kivs 1st g 4s.l94:i
& lit So SeoCM&StP
W
W
Feb'04
'.is
102%
9934 10'234
101
90
102
102%
Jan '04
Dec'02
'v
93
95
Waco
See
MK
101
103
111V
Lack
W
cfc
127
J
My '03
1923
1923
Term & improve 4s
Syr Bini; & X X 1st 7s. .1900
Warren 1st ret'gug 3 %a.2000
Del & Hud 1st Pa Div 7s. 1917
Registered
1917
Alb cfc Sus 1st con gu 7s. 1900
Registered
1900
Guar gold 6s
1900
Registered
1900
Reus cfc Saratoga 1st 7s. 1921
Registered
1921
Del Riv KK Bridge .SeePaKK
Denv cfc R Gr 1st con g 4s. 1930
1930
Conaol gold 4%s
i28**i"28*"
Q-J
96
A-O
60
Apr
A-O
107*"
J-J
U5V
59
b5
J-J
F-A
96
59
,
90
Apr'04
95
59
112% Feb '04
Sale
Sale
Feb'04
59
85
69
10
85%
20
116
56
84
A-O
M-S
llO'-'slll
112^ Jan
M-N
130
129
J-D
J-D
J-D
130^
131%Apr'04
1293»
140
129 130
114 llih
102 ....
107%....
l29 L4Mar'Ol
FA
M-N
A-O
F-A
M-S 134%.
M-S
A-O io5%!
A-O
A-O 103 £
A-O
M-N 142
M-N 137%.
4
'04
Feb'04
Oct '9S
112% Apr'04
100 l4 Jan '04
109 7« Feb'04
102 Feb '03
133^4 Mar'04
Aug'01
149
122
106
103
J'ne'99
Mar'04
Apr'04
143^4 Nov'02
147 12 J nft'02
,
9878 Sale
J-J
J-J
1
105% Apr '04
.
J-D
J-D
J-D
M-S
A-O
1937 A-O
2d 0s
1910 J-J
Dul So Shore cfc Atl g 5s.. 1937 J-J
1?ast of Miuu See StPMit M
liast Ten Va cfc Ga See So Ky
Elgin Jol it Last 1st g 5s. 1941 M-N
Elm Curt & Is' o See Leu <fc .N Y
99
98»4
96%
94
95
1947
2dextgold58
1919
3d ext gold 4 %s
1923
4th ext gold 5s
1920
6th ext gold 4a
1928
let consol gold 7s
1920
.at consul g fund 7a
1920
Erie 1st con g 4s prior. .1990
Registered
1990
ist consol gen lien g 4s.. 1990
Registered
1990
Penn coll tr g 4s
1951
Butt N Ycfc Erie 1st 7s. .1910
Butt cfc S
gold 0s
190b
Chiccfc Erie lstgold 58. .1982
Jert KK 1st gu g Bs... .01009
Long Dock consol g Us. .1936
Coal cfc KK 1st cur gu 88.1922
Dock cfc Imp 1st cur ds..l913
N Y cfc Green L gu g 5s. 1940
N Y Suscfc
lstref 6s.l9:;7
2d gold 4%s
1937
General gold 5s...'.
1940
Terminal 1st gold 5s. ..1943
Regis ^5,000 each... l; 143
79
82
1951
1951
1951
Extended 1st g3%8
1951
1st gold 38sterling
1951
Coll Trust gold 4s
1952
Registered
1952
L N O & Tex gold 4s. ...1953
Registered
195t
Cairo Bridge gold 4a
1950
63%
89 %
93 <% 94
111
Jan '04
111
114%Apr'04
115
,
May'03
1123s
Apr '04
11238
112%
108% 111
132%
180
130
132%
21
114%
Sale
LOO
Aug'03
ii
87
85 34 Feb'04
90%. Apr'04
125%J'ue'03
1
KUiksCo
1
119%
119
106
132 Apr'04
118 34
118'4
113%Nov'03
108% J an '04
Sale
V
.
104
117%119%
Aug'OV
112%
A-O
El L
1
g 5s... 91
AP
Porchasr mono]
..
111
i'3'6"
10
cfc
&
A-O
94
99
103
103%107%
100% 100%
115
115
ibi%ibT%*
.Mail;..
89% Oot
'OS
Nov'03
Oct '01
103% Apr'04
loi Apr'04
103
102
103
103%
102
101
101
106% 106%Mar'03
93%
110
95
Feb'04
123
May'99
.
b5%
82%.
93% 95
93% 95
93
Mar't'4
80
Apr'04
93'
101% Oct
105
.
122
120 34
..
98%..
02
IOC 3, 10634
124% 124%
124 H 124% Apr'04
10
Nov'98
li
119
85%
'93"
'99
100 Nov'00
100 34 Mar'04
Nov'O:
119^ Mar'O
9S% Apr'04
119 J4
118
87
98%
a ..
102%..
102% Dec '03
101
Mar'02
108
106
Mar'04
106%
107 % Dec'02
1211
101
119
98%
128
99 •% Sale
70
Feb
69
Feu'Oi
1
106
106
99
101
14
7u
1
S9
'1
Mar'04
100
Nov'03
9.)
110%
69% 70% G9%
11858
H9 3a
100
97
50
109%112
Hi
89
80
J-J
119
118
11
70%
68
70»e
115%119
119
110%112%
2% Apr '04
lll%112
Feb'04
A-O
107%.
112
M-N
1075e
107 108
107
102%
105
A-O
A-O
11134
110
109% Oct
J-J
109%
J-J
J-J
2!
Oct '00
03
J-J
110% Feb '02
Apr'04
Jan '04
104 34 107%
105 105
113 ns J'ne'03
M-S
M-S
A-O
A-O
1932 J-D
1949 M-S
1934 J-D
132"
113%118 34
Debenture gold 5s
Bklyncfc Mont 1st g 6s. .1911
1911
1st 6s
N Y BcfcM B lstcon g 5s 1935
192"
1st
gos
Ycfc
NorSliB 1st con ggu5s t>193
'99
107
94
Jan '04
Deo'03
100
Mar'03
116
RB
N
1
10l3g Apr'04
102 % Apr'04
1013g lOlSg
102% 104
113% Jan
113%113%
'04
ll"6"i
Apr''0 4
i'1034"
109
Apr'04
106% 109
iii«"
cfc
193
Unified gold 4s
1940
1940
Registered
1931
Coll trust gold 5s
6-20-yrcol trdeed g 48.1023
E H cfc Nash 1st n 68.. ..1019
'.'.'.'.'.
Q-J
Nashv gen g 68.1930 j-n
Gold 5s
"TO*"
M-N
J-J
J-J
98%
Side
M-S
M-S
A-O
M-S
116%118
107
107
Apr'04
116
116
100
Feb'04
Get '00
98
Jan '02
98%100 34
101 101%
101
100
^ 98
111
.
96% 99%
105 '4 Mar'08
112 Mar'02
112 % Jan '02
112 % Apr '02
[117
117%
113%
110 % Dec '03
100% Sale 99 % 100%
100 Jan '02
M-N 112
A-O
90%.
J-D 113%.
110
90
9
171
Mar'04
'.,
115% 1173b
VuU
1
1"
113
Nov'03
107
Bl
107%
17
91»8
40
98
100%
08
110
96 34
l
i)ii 4.
on Next Pago.
65
97% 08
Mut Fuel Gas Co See Peop Gas
Newark Cons Gascon g5s 1848 J-D
P g 68.. .1048 J-D
N Y G E L II
98
Apr'04
96
98
Purchase money g 4s. ..1949 F-A
L06
J'ne'03
cfc
100
1U5
Ed
..
F
m 19 M
,\
N
1991
A O
g 5s. .1910
-nidus
1995
\ \ &QK1 LA P 1st oon g 681930
N Y & BiOh Gas l.-t g 68.1923
Peo Gas A; C Ist gU g68..1904
1904
2il guar gold 68
1st con gold lis
1048
gold
1947
Rolundlng
6s
im.
a Cke 1st gug 6s 1037
I'ull g Cool ch Lstgu b
E11 (J cfc F Ch 1st gu g Os. 9i 15
Jill Fuel Gas si gu g 58.1947
Syracusu Lighting 1st g6s.'51
ircntunGA' Kl 1st g 68.. 1049
Kl
111
1st niiiv
Let cuiis,
111
Nov'03
112
Oot
'01
Full 'o
88
,
."".""
88
I
III?-',
ioi
i'1'7" lV'.i'
LIB" jipi in
lu-%
'1
88
'v
1
ioi*
1
Mar'04
ioi" 106%
il
1
.
Htlwaukee Gas L
M-N
S:''-„
1
40
116 Apr'04
|113%.Mar'00
101V 101% Apr'04
1950 A-O
05
Ids',
No prloe
114%
103%
102
1
1st gold 3s. .1950
Feb'04
O-I
•
103%Apr'04
cfc
M
05
Ed El 11 I'.kn 1st con a
LaoUasLoISl List g5s.«101l
1
103
102
A-O
M-S
A-O 10l a4
A-O
M-N 103
Hud K
108% 108%
Louisv
00 % 1 1
111
g 6a.. .193' A O
6s
93
94
J-J
J-J
J-J
71
63
it
-
103%
L&SF
Gold 4a
.
udaon
10134
74
96 H2
s7
1
..-
107%
94% 326 90% 94%
1
93
90
93%
Sale
98% Long Dock See Erie
98% 98% Long Isl'd— 1st con g 5s. A1931 Q-J 115%
/il931 Q-J
1st consol gold 4a
84
87%
19
General gold 4a
8534 8534
J-D 100
1922 M-S
Ferry gold 4%8
8S S4 93%
98%
98 %
98% Jan '04
132
118 34 Sale
109
111
99
101
116
Eq'U LNI Y lstcon R68..1032 M-S
tfc Fuel
.See P G .t C Co
J-.'l
Gasit. Bleo Berg Coo « 6a. L040 J-D
Gun Klectrlc deb
8 %s.. 104'. I'- A
-1
10234
71
<;ns mill Electric Light
17
C Co
C Co
1
J-J
See Cent of N J
Wilkesb See Cent of N J
Leroy cfc Caney Val See Mo P
Leh
131%135% Leh
cfc
A
1st
St
Unified gold 4s
119%
110
109
114%115
114
132% 133
90^ 91%
111
Mar'04
lOl^J'ue'03
114
Sale
S4
108% Apr'04
110
100
125
104
Detroit City Gasg5s
1023 J-J
DetGa Co oon 1st g Bs... 101 FA
Bkn Bee K Co a L& P
Ed E 1 11 Bee X Y tt S L 11 .V
GrKapG LCo
94%
Q-J
Knoxville cfc Uhio .See So Ky
Lake Erie <fc 1st g 6s. .1937
1941
2d gold 6s
North Ohio 1st gu g 5s. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
LehValN Y 1st gug 4 %s. 1940
194o
Registered
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5a. 1933
Leh cfc N Y 1st guar g 4s.. 1945
Registered
1945
El C cfc N 1st g 1st pf 68.1914
1914
Gold guar 5s
JllSCELLANEOUS BONUS—Continued
'
J-J
W
109^,
79
Qum nnd
KdEim
102 Hi Mar'04
Kentucky Cent See L <& N
Keok <fc Des Mo See C R I <fe P
Apr'04
114
M
Registered
10934 112%
87
1
it
74
t
Kan C &
Kan City Sou
110%
98% Sale
Mid Kkol M J lBtgOs.l'.Uii
Wllk cfc Ea 1st gu g Ba. 042
PU
107%
See
C
S 1
KC&MR&B
See St L
Pacilic See
K&
36
Apr'04
Apr'04
115
Ft S &
K
35
79
110
108%
W
.See
101
M-N
J-D
Louisville Div gold 3%s. 1953 J-J
W
75% Aug'03
113
W
Con Gas Co
A-O
Houst
Tex See So Pac
Houst & Tex Cen See So Pac Co
116
Dec '03
93
94
Erie 1st ext gold 4a
Co £ee,P U
J-J
74
G&
9S
65
JS'
&C
Mar*0S
106
107%Saie 107%
74
Registered
lstgold 3%s
Registered
cfc
Ch U L
J.l
J-D
1063 J-J
Middle Divreg5a
1921 b'-A
St Louis Div gold 3s
1951 J-J
Registered
1951 J-J
Gold3%s
1951 J-J
Registered
1951 J-J
11258ll2 58
Spring Div 1st g 3%s... 1951 J-J
129% 129%
13038 131%
Western Lines 1st g 4s. .1951 F-A
Registered
1961 F-A
Bellev <fc Car 1st 6s
1923 J-D
Carb <fc Shaw 1st g 4s... 1932 M-S
127 129%
ChicSt L<fe N O g 5s.. .1951 J-D
111% 114%
Registered
1951 J-D
100% 10('%
Gold3%s
1951 J-D
109% 109%
1951 J-D
Registered
3
Menipli Div 1st g 4s. ..1951 J-D
133 4 137%
195 j J-D
Kegistered
St L Sou 1st gu g 4s
1931 M-S
i"05%ib8
Ind Bl & West See C C C & s 1.
Ind Dec &
1st g 5s
1935 J-J
106 106
1935 J-J
1st guar gold 5s
103 103
Ind IU& la 1st g 4s
1950 J-J
Int& Great Is' or 1st gtis.. 1919 M-N
2d gold 5s
1909 M-S
3
3d gold 4s
1921 M-S
45 96 4 99%
Iowa Central 1st gold 6s.. 1038 J-D
Refunding g4s
1951 M-S
103 106
Jellerson KK .see Erie
94
97
83
85% Kal A & G K 6'ee L S & M >
an & Mich see Tol & O C
t
Electric Light
Bullalo Gas 1st g 5s
19
J-J
Hiqli Ao Low Hiah,
Ask Low
Bid
116 110
L16 Mar'04
118%....
VIar'04
103 103%
103
* 110
112 J'ne'02
• 100
100 105 107" i)eo'08
Kegistered
'
Registered
W&
112%112%
116
100% 106' 8 May'03
Improvement gold 5a. ..192b J-D 105% 106 105% 105%
RioGr West 1st g 4s
95% 96% 95»4
95
1939 J-J
Consul and col trust 4s 1949 A-O
84
S3!»4
84%
Utah Cent lslgug4a al917 A-O
97 Jan'O
Rio Gr So gu See Rio Qr So
Den & S West gen s g 5s 1929 J-D
35 Jan *04
Ft D .See O R cfc I P
Dea Moi
W
Des M cfc .Minn See Ch cfc
Dea Moi Uu Ky 1st g 5s. .1917 M-N
111 Feb'01
Det M cfc Tol see L S cfc M So
Det cfc Mack 1st lieu g 48.1995
Gold 4a
1995
Det Sou 1st g 4s
1951
Ohio Sou Div 1st g 4s. ..1941
Dul <fc Iron Range lst5s.. 1937
Ev<felnd lstcon gug6s..l92i>
L'argo & So See Ch M it si P
I
imtA lvre.M SMPereMai
Fla C & Pemn see Sea Air Line
Fort St U D Co 1st g4%8.1941
Ft
DenC 1st g 6s. ...1921
Ft W<fe KioGr 1st g 4s... 192/
al Har & S A See So Pac Co
< T.,iHcfeHofl882l8t5.s.l91;:
Georgia & Ala See Sea A Line
Ga Car & Nor .S'ee Sea A Line
Georgia Pacific See So Ry
Gila V
Nor See So Pac Co
Gouv & Oswegat SeeX V Cent
Grand Rap& Ind .See Penn RR
Gray's Pt Term .See St L S SV
GtNor— CBcfcQcoU tr4s 192
Registered. A
1921
Greenbrier Ry See Ches & O
Gulf <fcSIlat ret &tg5s 61952
A-o
A-O
A-O
Illinois Central 1st g4a..l9."iJ J-J
104%Nov'01
A-O
J-J
E&W
Mar'04
128
Penn Co
1st cons 88.1021
1st general gold 5s
1042
.Ml Vernon 1st gold 68..1923
Sull Co Branch 1st g 68.1030
105
-.J
1st 68.. .1921 J-J
Construction 5s
105
llosMar'04
120
See
T H
Since
Han<feStJo 6eeCB<fcQ
ousatonio See N Y N H & H
100% 101%
107%
Hock Val lstconaolg4%s.l999 J-J 106%107% 106
Registered
1999 J-J
110%110%
100% Apr '04
Col& H V 1st ext g 48.. 1948 A-O
Jan "04
101%Mar'04
T
cfc
Del Lack <fc Western 7s.. .1907
Morris cfc Essex 1st 7s. ..1914
1915
1st consul guar 7s
Registered
1915
2ooo
1st rel gu g 3%s
99
94% Aug'OS
W
Dak
alias &
99
106
ltui
J-J
98
98
Id-',
95
J-D
J-D
J
1H034
llil 4 A]>i '04
l
fcl986 Q-I
Registered
Cin s & ci con
95««101%
101%
100\
10034
100H2 101
WW
let gold 4s
Pitts
(V.
Kange
January 1
'< s.
1
I
.See
Cleanielil
NY
1
Deo'03
Feb'04
lsi%*"*""! 131
l.'.l', Mar "1
130'4
122 14
sale 122%
M-N
J
l
93
J-D
i
I
!>
1
.-.vans dc
i
April 29
Week Ending April 29
1
Week?8
if or
Last *aie
frice
STOCK EXCHANGE
N. Y.
.since
c
[Vol. lxxviii.
2
R<>.\!)>
Kange
ceK's
or
II
Range
n. y.
—Continued—Page
iV/H)
i'1'9"
ioi"
iii"s%
tUy'03
J-.l
sale
1
10-%
89%
00
Due Jan
Friday; latest bid and asked this week, a
1
87% 00
Due Feb dDueApr eDue May /tDueJ'ly
11
fc
107
Sale
91% Sale
MS
103%
J-J
116% 117
F-A
101
M-N
'100
1
'1
Feb'04
Mar'04
101
100
M-N 102%
J-D 102%
A-O 121
M-S '108
107
J-D
104% 105 <s L0B% Mar'04
J.J
M-N
J-D
102 %
Mb
105
118 3 124
103 104
.i
Apr'04
103
107
106% 108
104
100%
107
Mar'04
105
101
105
100
100
ioi i.j.i'iv'o;.
1 00% Deo '08
l -J s % Mar'04
J-J
97
102% 105%
115% 115%
100% 102
103% Apr '0
15% Apr 14
1
10834
93 34
107
90
101
105
10134
105
109*" Feb'")"
Due Aug oDueuct
q
Due Dec
s
Option sale
—
Apr.
9
11
1
I
Bond Record
30, 1904.]
BONDS
Price
STOCK EXCHANGE
Week ending April 29
St
L Div
1st gold 6s
1
'.
1
2
110
1
121ia.
1921
105*4
Hender Bdge 1st si g 68.193
Kentucky Cent gold 48.. 1987
X&MAM
97»8
102 a4
91*8
g 4 His 1940
L& N-South joint 4s. 1952
Registered
1962
N Fla&S lstgxi g 5s... 1937
.1921
Pens & Atl 1st gn g 6s.
S <fe N Ala con gu g 5S..1986
1910
Sinkfund gold 6s
L<fc
1 st
M
LNA
<fc
Ch
Mahon Coal
anhattan
See C I & L
See L S &
M
M
Sal.)
Nov'99
Jan '04
111
115
112
110
.
97ia.
KanC&
MK&TofTlstgug5s.l942
SherSh & So 1st gu g 58.1943
Missouri Pacific 3d7s
1906
115
115
Mahon
102\
109*4 109ia 109*4
J.J
J-D
67
Pitts
A-0
A-O
FA
67 H>
n
7
M-S
M-S
J-D
71*2
1634
12Hj
J46
95 34 Apr '04
90 58 J'iy'01
96
64
13'4 140
6
6
9»4
91
97*2
May'00
105
J-D
J-D
A-0
J-D
M-N
lllia
117ia
115ia
116ia
M-S
96
Sole
142 Dec*03
1123s Dec '03
12oia Feb '04
121
Jan '02
114ia Feb'04
95*2
96
F-A
M-N
A-0
M-N
F-A
A-0
M-S
J-D
M-N
M-N
M-S
M-S
F-A
98
Apr'Ol
103
Nov'01
99*8
Sale
78*8 Sale
1 04 1* sale
08 Sale
102i4 Sale
102 >a
109 34 11018
122i«122i9
101
102*4
103 Mar'04
109*a 109ia
C'l
11 1
of.. .1884-1904
*a
91
114*all5H!
95 *a 98
86
96H, 100 Hi
75*a 81
9 8 Hi 10438
80
102
82
102
1934
McKees* BVlstg6sl91S
116
Cent 1st consol
lll*alll*2
91
91
126
101
Hi
7334
A-0
113
116
111
J'ly '02
Dec '99
Sale lOlia
7414 74
126 126
121 130
90
94
114 114
88H» 91
Housatonic
104*2 106
97
120
100
73
74
123H!
IOIH2
76 34
87
88i*
98
1023s
10034 100'a
IOOH1IOOH1
100 lOOOg
100*2101*8
88*«
88 *a
86 34
Jan '03
91
105^4 108
105 ife Mar'04
105ia 102 Mar'04
110
89
98'e
98
100
100*fl
H)
87*2
9634
98*8 105
Jan '04
Apr'04
10078 Apr'04
100*2 Mar'04
101
I00 sa Mar'04
99 Dec '02
101)4
101 *s Apr'04
99*2Nov'02
89 14 Sale
89 >4
89
101
100*8
98
98*a
99«g
Nov'03
Jan '03
109« 8 Apr'0-l
122 Jan '01
127 J'ne'02
122
105HiApr'04
l05*al05H»
109«g 112*4
97*4
Apr '04
lbo"
Se"p"'03
122
9"7""9'7»i
113
115Hi
U6H2117HI
104*4 Apr'04
103*2 103
103
101 Mar'04
103
100 3«
98
'IS
104*2....
R
con g 5s. .1937
104 104*4
10234 104 4
101 101
;,
.
88
86
86
90
85\i
90
104
83*4
105 78
102
102
101
101
100
Dec '03
101*8 101 7e
100Hsl03H»
IIII4 11278 112H»Apr'04
127*2
130 Aug'03
125
127 Nov'03
126 127 126 34 127
97 34 98
97 34
98*4
96*2 Sep '03
"9"io8 s'a"l"e"
91 Hi
91 Bt
104
107 *a J'ly '01
101 102 101*2 101H
New
N & W Ry
WW
See
101*8 Apr'04
101 Sep '03
100*8
X Y & Put See X Y C & H
X Y & R B See Long Island
X Y S & W See Erie
X Y Tex & M See So Pac Co
C B & Q coll tr 4s
13134 Apr*03
103 *a.
102
.
YO&
StP&XP
1251a.
103*2 Sale
101 S,
72% Sale
103*2
10238
72 s8
111
9714
19
"6
8
103 »p
102 36
73
1
12134
119
.
122*4 Mar'04
.
132
9914101 "'2
IOIH1IO334
6 101
102*2
70*4 73
7()i4
97°8
6S 34
97«8
122i4l22i4
J'ly '99
112*4 J'ly '<M
IO8H2.
106
96 34
85
87*2 91"8
86
Gt Nor
gen g 6s.. ..1923
Registered certinc's..l923
St Paul & Dul 1st 5s.. ..1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g 4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
112H-
10 125*4 129
80 96*2 99
70 *4 Feb'04
97 58 Jan '04
69
.
.
.
112*2.
W
110HU15
98
M-S
M-S
M-S
J-D
J-D
M-N
M-N
F-A
108^
109
113 Apr'04
llo*2Apr'04
113 34 Jan '02
113H2
115*4 116
lno River RR 1st g 5s. 1936
General gold 5s
1937
Ore & Cal See So Pac Co
101H>
984
HH',1.1
108
106*2 Nov'00
Wref 1st g 4s.. #1992
Regis $5,000 only
ff 1992
105HiApr'o4
105*2 108*4
OOHiNov'o;;
94 H. Feb '02
112 H2 Mar'04
111
113
105
IO9I4
n4*2May'03
IO8H2 J'ly '02
Un Pao
Un Pao
NYC
NW
Oswego & Rome See
O C F & St P See C &
Coast Co 1st g 5s
1946 J-D 108*4
Pac
ac of Missouri See Mo Pac
'100
Panama 1st s fund g4*2S..1917
Sink fund subsidy g 6s. .1910
Penn Co— Guar 1st g 4*as. 1921
109 Sale
Registered
1921
107 Hz
Guar 3*28 coll trust reg.1937
87
Guar 3 H28 coll tr ser B...1941
90
Tr Co certif'e gu g 3*28.1916
96 *2
C St L <fe P 1st con g 58.1932
115 34 118
Registered
1932
CI & Pgen gug4»2SserA.'42
113*2
Series B
112*4
1942
Series C 3*as
1948
94
Series 1)3*28
1950
94
Erie& Pitts gug 3 His B.1940
94
Series C
1940
94
Bdge gen gug4*2S 1945
102
PCC&StLgu4*asA...1940
108
Series B guar
1942
108
Series C guar
1942
106
Series D 4s guar
101*2
1946
Series E 3*a guar g
1949
89 *»
Pitts Ft
C 1st 7a. ..191
120*a
108*2
2d7s
3d 7s
Penn
191
109
106*4 IO8H1
96
Jan
'04
102 Nov'00
98 34 Apr'04
108
110
96*e
96
96
96
98 34 98 34
108
109
108
Mar'04
110*2 Feb '01
101*2 Jan '04
92 Feb'04
127 «8 Oct '02
121 .Mar'04
119*4
118*4 122
105*2
A1912
38 108
103*4 Aug'03
W&
RR 1st real est g 4s. 1923
Apr '04
102 Apr'03
102 Apr '02
108 Hi 109
107 Hi Apr'04
102 Nov'98
92 4 Dec '03
9578 Mar'04
118 Dec '03
N&C
119 Apr'04
107*2 Mar'04
110
ill
H;
lOlHiKH
*s
:,
.i
91
92
121
119
119
121
104*2 107
Hi
Consol sterling g 6s
1905
Con currency 6s reg...</1905
MISCELLANEOUS BONDS— Continued
on Next
I'juje
Telegraph and Telephone
J-J
M-N *105
F-A
FA
*
98
72
100
74
70*2 72
H;
A-O
J-D
1926 J-D
Kan <fc H C & C 1st s f g 5s. 1961 J-J
Pleas Val Coal 1st g s f 5s. 1928 J-J
Rochc!fcPitC& Ipurm 58.1940 M-N
Tenn Coal gen 5s
195J J-J
Tenn Div 1st g 6s
al917 A-0
5s
Birm Div 1st consol 6s. .1917 J-J
Cah C M Co 1st gu g 68.1922 J-D
De Bar C & I Co gu g 6s. 1910 F-A
Va Iron Coal &0 1st 5s. 1949
WI1LE& P C Co 1st gg 5s. 191
lio
120' 8
6s.
Nor Wis See C St P M & O
Nor & Mont See X Y Cent
See C C C & St L
OInd &
107ia,
98 *8 99
121
139
126*2
N H & Derby oon g 5s.. 1918
N Y & N E 1st 7s
1905
1st 6s
1905
X Y & North See N Y C & H
Beech Cr Ext 1st g 3 His 61951 A-0
*No
1st 5s. .1934
6'eeCentofNJ
NY&NE
SeeNYNH&H
Xew York New Hav & Hart—
9234
91
90 Apr'04
98 *a Nov'03
.118
.118
1884-1904
Registdeb 5s of.. .1889-1901
Debenture g 4s. ...1890-1905
Registered
1890-1905
Debt certs ext g 4s
1905
Registered
1905
Lake Shore collg 3*28.. .1998
Registered
1998 F-A
Mich Cent coll g3*2S....1998 F-A
Registered
1998 F-A
Beech Creek 1st gug 4s. 1936 J-J
Registered
1936 J-J
2d gu gold 5s
1936 J-J
Coal and Iron
Col C & I Dev Co gu s 53.1909
Col Fuel Co gen gold 6s... 19 19
Col F cb I Co gen s 1 g 5s. .1943
Convertible deb g 5s
1911
Trust Co ctfs
Gr Riv Coal & C 1st c 6s. .1919
Jett<fc Clear C & I 1st g 58.1926
121
118
Xor & South 1st g5s
1941
1931
88\ Norf & West gen g 6s
Improvem't& ext g 6s. .1934
86
Mar'04
Feb'04
Apr'04
Apr'04
Dec '99
Jlniii
Apr '02
106*2--..
10t>«8
107
99 34 100'a 99 H: Apr'04
98*2
98 Api'04
99 Sale
99
99«t
104*2
114 Feb '02
R W& O con lstext58. A1922
Oswe & R 2d gu g 5e...el915
RW&OTR 1st gug 68.1918
Utica & Blk Riv gu g4s.l922
X Y Chic & St L 1st g 48.1937
Registered
1937
N Y & Greenw Lake See Erie
NY<fc Har See N Y C & Hud
N Y Lack & W See D L & W
X Y L E & W See Erie
18 IO6H2 111
83 99
102*4
100 103
20 1073g 109 Hi
118% 121 34
24 104 107
9234
126
1
Low
IO.'.HjXov'OI
10734 108*8 107 34
N Y & Harlem g 3*a8...2000
2000
Registered
N Y & North 1st g 5a. ..1927
N
14
121
121
93 *a Apr '04
114 Jan '04
123 h 12334 123
112
111
J-J
J-J
1997 J-J
Registered
.
RR
—
92ia
Jligh No
107HjJ'1v'00
106
Oct '02
103
McK & Y 1st gu 6s. 1932
Ore RR & Nav See
Ore Short Line See
&N
<fc
108
95
1940
River let g 6a
1932
1st con g 4s.l996
Registered
1996
12 34 Apr'04
Pocah C & C Joint 4s.. 1941
105*8
Sale
10512
CC&Tlstgug5s
1053b
1922
Scio V&NElstgug4s 1989
106
106 Apr '04
103 34 107*« North Illinois See Chi & N
93
91*8 93
93
93
94
North Ohio See L Erie &
100
100 May'01
Nor Pac Prior lien g 4s. .1997
101*8 ...
102*4 Apr'Ol
101
102 4
Registered
1997
113ia 114«e 113 Apr'04
109 H2 113
General lien gold 3s
a2047
113 Sale 112*8 11318 30 1113b115H2
Registered
a2047
10934 Oct '03
St Paul-Dul Div g 4s.... 1996
88 Sale
88*2
87 Ha
88
84
Registered
1996
1st consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
Al 1st 6s. .1917
P Branch 1st 6s. ...1917
Nash Flor Shef See L
Nat of Mex prior lien 4 *2S. 1 926 J-J
1st consol 4s
1951 A-O
New H&D SeeNY NH&H
NJJuncRR See NY Cent
New & Cin Bdge See Penn Co
N O N E prior lien g 6s pl915
N Y Bkln & Man Ben See L I
N Y Cent& H Rivg 3*28.1997
84
104% 135
107*a
1
January
Ask Low
/lid
XY&LongBr
120Hi 120*2
82 Mar'04
102 Jan '04
86 *a Apr '04
82
*86"" "87"
M
Mohawk & Mai SeeNYC<fcH
Monongahela Riv See B & O
Mont Cent See St P M & M
Morgan's La & T See S P Co
Morris & Essex See Del L & W
Nash Chat & St L 1st 7s. 1913
100
78 34
78ia
102ia
,
j;old
-Is.
1909
1931
5s
1931
Registered
1940
4s
1940
Registered
1951
L
&
8
1st
J
g 3*as
1952
1st g 3*28
Bat C & Stur 1st gug 3s. 1989
107*4 10938
age
since
118
M lch
101 Hi 104
109*4
67
12 "a
Sale
13 34 Sale
7 Sale
J-J
J'ly
J'ly
W
2d
I
KaA&G Rlstguc58.1938
9l*a 97*a
Range or
Last Sale
gu g 48... 1981
lstgu g 58.1916
West Shore 1st 4s gu... 2301
2361
Beglatered
Lake Shore gold 3*as.... 1997
1997
Registered
l928
Debenture g 4s
Tol
7s.
1906
Mon
1st
<fe
Det
98
Week's
J 'rice
tridaii
April 29
we
&
N
NY A Mont
Xor &
89"" "92"
115
112
103*8 Dee'O2
A-O
1920
1st consol gold 6s
Trust gold 5s stamped. al917
Registered
al917
1920
1st coll gold 5s
Cent Br Ry 1st gu g 4s. 1919 F-A
Leroy&CVALlstg58l926 J-J
Pac R of Mo 1st ex g 48.1938 F-A
2d extended gold 5s. ..1938 J-J
St L IrM& Sgen con g 5sl931 A-0
Gen con stamp gtd g 5s 1 93 A-0
Unified & ref gold 4s.. 19 2 J-J
9234 Sale
Riv & G Div 1st g 4s. .1933 M-N
Registered
1933 M-N
1st g 58.1926 M-S
Verdi V I <fc
Mob &Birm prior lien g 5s 1945 J-J 111*4
88
Mortgage gold 4s
1945 J-J
MobJ&K Cist cons g 68.1953 J-J
126
Mob & Ohio new gold 6s.. 1927 J-D
1st extension gold 6s../il927 Q-J 120
93
1938 M-S
94
General gold 4s
MontgoniDiv 1st g 5s. .1947 F-A
89
91
St L & Cairo coll g 4s..el930 Q-F
97ia
1931 J-J
Guaranteed g 4s
& O coll 4s See Southern
Registered
1
1st
OOftl lsl a
1st '-'U (T.r)S 1942
GOUV<fi
Mai 1st en g 4s. .1991
Moll
.1
.Mine B gu 1st 4s.. .1986
I'" 1 at con mi iris 1998
122
97 14
1
Ad
lilt
()s
NW
NW
2d cold 4s
01990
1944
1st ext gold 5s
St L Div 1st ref g 4s.. ..2001
Dal & Wa 1st gug 6s.. .1940
Pac 1st g 4s. ..1990
Mo K & E 1st gu g 5s. ..1942
Debenture 5s
Cart<fc
Clear!
Dec'o;i
1023b
Minn Un See St P M <fcM
Mo Kan & Tex 1st g 4s. ..1990 J-D 100
McM M W &
&
,
2d guar 68
1023,
M<fePlst58 8tpd4sintgu 1936 J.J
M S S M & A 1st g 4 int gti 1926 J-J
T&
1
Jiif/h
119
Jan 'ol
Apr'Ol
Mar'03
97H»Apr'04
MStP<fcSSMcong4intgu'38 J-J
,
118
8
W
W
J'ne'02
107 h J'ne'03
91"8
91 *8
.
Ry consol 4s. 1990 A-0
Registered
1990
1908
Metrqpol El 1st g 6s
Coloniz g 68.. ..1934
Man S
McK'pt & B V See N Y Cent
Metropolitan El See Man Ky
Mex Cent consol gold 4s. .1911
1st consol income g 3s.al939
2d consol Income g 3s. .al939
1917
Equip & coll gold 5s
2d series gold 5s
1919
Coll tr g 4 His 1st Ser....l907
Mexlnternat 1st con g 48.1977
Stamped guaranteed. ...1977
Mex North 1st gold 6s. ...1910
Mich Cent See N Y Cent
Mid ot J See Erie
Mil L S &
See Chic <ft
Mil & Mad See Chic &
Mil & North See Ch
& St P
Minn & St L 1st gold 7a.. 1927
1909
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921
South West Ex 1st g 7s. 1910
1934
1st consol gold 5s
1st and refund gold 4s. .1949
B
R
Minn <fc St L gu See C & N
N
January
'04
7.<
97',
112 'a.
114*2.
112
103
L& Jeff Bdge Co gu g 4s. .194;'
Apt
122
1980
2d gold 3a
BONDS
stock exchange
cweek Ending April 29
N Y Cent & H B—(Continued
:
.
1537
3
n. y.
Since
;
High No Low
108*4 Jun '08
125 Mar*04
122»4 Ang'03
lll'. V Mar'02
10118
N O& M 1st gold 68.. ..1930
NO& M 2d gold 6a L930
. . .
Last Sale
6
1
—Continued— Page
Range
or
Ask Low
Bid
Nashv (Continued)
LCin & Lex gold 4 *as... 1931
<fe
Pensacola D iv gold 6s
Week'*
Range
Friday
April '49
N. Y.
Louisv
1
M-S
J-J
102
*2
......
102*2
55 Nov'00
105 Mar'04
98 H)
98Hi
73
73
71 Hi Apr '04
Am Telep & Tel coll tr 4s 1929
105
69
99
79 H
70
7;i
9514
2
20
Comra Cable Co
105
H
115 J'ue'02
107 May'97
102 Hi Oct '03
100*4 Feb '02
105 Oct '00
"9"i" J'iy'03
106
106
103
Sale
105
72
104
106
Mar'04
106
102
Dec '03
104
IOIH2IO6
102
103 34 Apr'Ol
i.'oo"*2
Apr'04
Jan '00
67H)
7
32
price Friday; latest bid and asked this week,
34
a
Due Jan
4
Due
104"
73
e'eb
Registered
Erie T cfc T col tr
J-J
g 4s. .2397 0-J
2397 M-J
g a 5s.. 1926 J-J
1st
100*2 Oct 'OO
109 Oct '99
L10 34 Nov'03
t
MetTck T 1st s f g6s
1918
Mut Un Tel Co .See Westn U d
X V & N J Tel gen g 5s.. 1920
No Westn Teleg See West Un
West Union col tr cur 58.1938
Fd and real est g 4*a8... L950
Mut On Tel a fund Us... 19 11
Norlhw Tel gut 4HlBg..l934
Manufacturing Sc Industrial
Am Cot Oil ext4*2S
1915
Am Hide<fc L 1st si g 6s.. 1919
Am Spirits Mfg 1st g6s..l915
Am Thread 1st col tr is... 1919
e
96*2 Apr'03
81V—
96*2 lOOHjApr'02
90
Due May yDuujue A Due
M-.N
112
M-N
1073s.
105*4 J'ly '03
J-J
108»a
10S*2
L03*i
.
M-N 10334 sale
M-N *105 112
103
J-J
Q-F
99
77
b
:;
.
79
85H»Ai>r'ol
78*4 Apr'i'4
M-S
J-J
J ly
77
p Due Nov
100
99 -f.
99
77
108 Hi
12 101Hili)4'4
I04.1
1 07 Hs J'ne'03
103-4
102
so
Sale
105
108*2
16
Apr'04
-
(Option sale
96
70
82
74
lo:i ;,4
I
'0*8
89
78*
—
J
Bond Hecom
1538
BONDS
STOCK EXCHANGE
N. Y.
Wki k Ending April 29
Penn KK (Continued)
Consol gold o»
1919
Consol gold 4s
1943
Convertible g 3 4s
1912
AUeg Val nen gu g 4s. ..1942
CIA; Mar 1st gu g 4 4s.. 193.".
D R K K & Bge let gu 48 g.'S6
Gr R & 1 ex 1st gug 4 4s 1941
Sun it Lewie let g 4s. ..1936
J RR<& Can gen 4a. 1944
usli
Pensacola it At See
Peo <fe East See
L
Peo& Pek Un 1st g lis.... 192)
2d gol(14 as
bl921
PereMarq— Ch& Wilos 1923
Flint <fc P it g 6s
19ZC
1st consul gold 5a
1939
Pt Huron Div 1st g 68.1939
SagTuscfc H 1st gug 48.1931
Phlladi Beading cone 7s. 1911
Pine Creek reg guar 6s. ..1932
Pitte Cln <fc St L See Penn Co
Pitts Cleve & Tol .See B & O
UN
1
LAN
t©
-
MS
M-N
MN
M-S
M-N
F-A
J-J
J-J
MS
UUU&St
1
Price
Friday
April 29
108%
97
96*4
M-N
J-D
AO
M-N"
&
Jersey Cent coll g 4s... 1951
Rensselaer & Sar See D &
Ricli <fc Dan See South By
Rick & Meek See Southern
Bio Gr West See Den & Bio Gr
Bio Gr Juno 1st gu g5s...l939
BiogrSo 1st gold 4s
1940
Guaranteed
1940
H
See B B & P
Pitts
Borne Wat & Og See N Y Cem
Butland 1st con g 44s
1941
But-Canad 1st gu g 4 4s. 1949
Tub <fc
See Pere Marq
Sag
tJo& Gr (si 1st g 4s. ..1947
St Daw <fc Adiron lstg 6s. 1996
2d gold 6s
1996
Si L it Cairo See Mob it Uhio
H
A-O
J-D
"21
944 97
.
108%.
108 4 Apr '04
99
109 4.
117
ib"84i084
.
98
100%
119
1
*
no's
1184.
109
.
Ill
.
May'00
123 4 Jan '04
95 J'ne'03
109 Apr '02
118 Apr'04
118
1104Apr'04
1104 Feb '04
1094110 4
110
67
J-J
J-J
4
4H54
93
94% 984
"a 91% "944
Dec '03
634Mar'04
634 634
Mar'03
1014Nov'01
86*2
J-J
J-J
87
Dec '03
A-O
L <& Iron Mount See M P
L K C N See Wabash
StDMBr SeeTBBAofStL
St D & S Fran 2d g 6s CI B 1906 M-N
<fc
2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
St D & S F BB cons g 4s. .'96
Southw Div let g6e.. 1947
Betundiug g 4s
1951
K C Ft S & cong 68..192S
K C Ft S <fc By ret g 4a 1936
M
M
M-N
J-J
J-J
J-J
W
M&
196
106
124
....
...,
96
100
gug
1937
Begistered
1937
1st guar gold 6s
1937
Will & S F 1st gold 5s.. 1938
1st
6s
.,
StPdfcNorPac
77%
74% 74%
131
140
.
135
J-D
1154.
116
.
A A
8F&N
132
May'01
Aug'03
128 Apr'02
135
135%
116 Apr'97
114 4 Mar'04
117 Jan '04
N
Jan
'04
Ga& Ala Ry lstcon 5sol945
<fc
110
113% Dec '01
110
08
69%
99 "4 Sale
92 4
103
102
694
69
99'4
90
100
65
96
99 4
Oct '03
Sep '00
106 4 Feb '02
103% 104 % 103% 104*4 so 102 1044
105 4 Feb '04
107%
105 41054
105
1114May'03
A&N W
102
Sale
Sale
100%
89%
S7
Salo
Sale
86
1004
Jan
101
91
Jan
S Car Co let g Gs... 1942
Consul Tobacco 50-yr g 48.1961
Registered
1051
Distil Sec Cor conv 1st g 5s. '27
Distill of
IU Steel
103
F-A
F-A
A-O
1
A-O
F-A
J-J
105
68% Sale
91
'04
"o
99%
17
110
Oct '03
113
119
1134 1134
119%Apr'04
113
Apr'04
Mar'04
Jan '04
Apr'04
109
914
J-J
J-J
M-N
M-S
120
1094112
121% 123
J-J
J-J
J-J
121
114%
A-O 1064
M-N
M-N 105 4108
MS
11441144
-
119
108
109%
108%
101
101
103 103
113% 1154 183 111 1154
110 Feb'04
108 110
94
94 "id 93
954
113 Dec '03
94% 19 93 4 95
93%
11 7 4 Apr '04
115 1174
91% Mar'04
914 92
1104
92
1134
1174119%
109
122
120
115
108 4 Dec '03
92 Sep '02
105 4 Mar'04
123 Feb'02
112 Feb '03
115 Jan '03
112
113
M-S 108
M-S 109
M-N 113 Sale
M-N 112 4 Sale 1124
1104
118% 122
120 120
115
114
1034105%
113
110
1124
Dec '03
110% 112 4
11241144
F-A
J-J
1144
93
113
Mar'04
J-J
J-D
122
94
117
J'ly'00
118
85
2000 J-D
?2000 Mar
1931 J-J
1044 Sep
'02
1074 J'ly'03
114% Apr'04
110
Mar'04
100
Sep
117%
1124115%
110
110
'OS
1184
15 115
89 Api'04
108 Feb'04
10G
10G4
4 Mar'04
113
113 Mar'04
1114 111 Sep '03
lbs" 108 106
106
914 93
91 Apr'04
89 4 91
90
90
84 Salt84
84
70 Sale
70
70
92
98 Apr'03
109 110 4 109 Apr'04
104% Sale 104
104%
103
104 Mar'04
85
108
93
105
106
92 4
90
84
Sale
90
108
1184
110%
101 1064
1124113
91
86
81
68
106
72%
'4
109
100% 104%
100% 104
994 Sale 99%
99% 599 944 100%
96% Jau'04
96% 96%
1014101% 1014 101% 9 984 101%
122 Sale 121% 122
8 1204 124
24 111 116
115
114% 115 115
95 Sale
95 4J 320 90% 96%
94%
109%
112 Dec '03
114 4 Apr '02
10
'
Uni N J RR <fe C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacilit
102 105
117 >4 sale
109 110
994
1939 J-J
g 5s. .1921
DetifcCh Ext lstg 5s. .1941
Des Moin Div lstg 4e. .1939
1941
Om Div let g 3 4s
Tol&ChDiv lstg 4s... 1941
St Chas Bridge 1st g 68,1908
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O <Ss
West N Y & Pa 1st g 5s. 1937
til
62
97% 1014
87 4 91
85% 87%
.
Gen
J-J
(11943
109
4 Apr'03
634
90
ieb'Oi
Ho
814 814
99
11641174
'
108%
101
62
102
J-J
J-J
1004104
1144117%
1064 109 4
Jan '04
1084Apr'04
92
Nov
West No Car see South Ry
102
974 101% West Shore See N Y Cent
W VaCent<fc P IstgGs.. 1911 J-J 1094.
84
85-j Wheel'g<fc L E 1st g 5s.. .1926 A-O 1104.
4 103%
105% 109
109
4 Apr'04
117%
98
Mar'02
4 Mar'03
68
102
1064108 4
90
90
79% 81%
814
1.09
57
102
.'V|H '04
Apr
95% Oct '03
116
115
116
M-
40
;u' '01
97
100
108
Dec '08
Nov'03
103
1174
108 4
A-O
M-S
A-O
1943 A-O
gold 3-48
Income 6s
Sale
M-S
Wheel Div 1st gold 5s. .1928 J-J
Exten & Imp gold 6s... 1930 F-A
105
108
1st consol 4s
Wilkes & East See Erie
Wll & Sioux F See St P M
1949 M-S
<fe
107
89
Dec '03
Apr'04
1094114
1104 Nov'03
109 Apr'04
109 109
91
89% 89 4
89% 23 86
112
112
M
Winona <fo St P See C & N W
WiwCeut 50-yr 1st gen 4h. 1949 J-J
90% Salo
904
90
IS
884 904
lSCELLAN EOUS BON OS—Concluded.
65
694 .\si
584
58 4 M;i r'D
G
644
28
I-'.
99
99
92
106%
101
\
A-O
M-N
Adams Ex col
Jan '00
1
64
98
90
90
Salo
F-A
40
S LeathOosldebg6s..l913 MN
s Bteel Corpcol tr2d Ss.d'Go M-N
2
Sale
Salo
08
4 90%
894 66
94
J-J
Sep '03
Jan '99
Feb'04
95
90 4
Feb'04
tr g4s
1048 M-S
63% 61% Am ik t in p.'is See Cent N J
57% 684 Am 88 Cool W Vag5s....iu2(i M-N
63
684 B'kl'n FerryColstcousg.'is '48 F-A
92
92
105%10G%
Chic Jc<fc St Yard col g 5s. 016 J-J
OetM&M lil^r incomes.. DHl A O
Hoboken L<fc I gold 5s. ..1910 M-N
Mail Sq Garden 1st g 5s.. 1919
4
40
40
"1
2
2
10
65
100%
101
52
100% J'no'02
G4 Apr'04
100% 103
61
GG%
76%* 83*"
Mar'01
111
76% Mar'04
MN
102
Co lstg 4 4s 5-20 year.. 1917
47
1% 44 S Yuba Wat Co con g 6s. .1923
1124113 112% 1124 6 107% 1124 Sp Val Wat Works 1st 8s. 1906
I'
76% Sale 76%
7«4 3674 68% 79% U S Red Ref 1st s f g Os.1931
RegleteTed
April 1063 i-.-.i
M-N
75
.-,111
ii» '4 Sale
1^-4
u "2
74%
8 68%
O
UO"4 79
75%
IV
•No price Friday; lat©8t bid an (tasked, a Due Jan Due Feb c Due Mar d Due Apr ADueJ'ly k Duo Aug
35
<fe
j
Sale
102 4
70 4
Man Boh H&Lgeug4s..l940 M-N
Newn Ne Ship & D D6s<Q990 J-J
92% 954 N Y Duck 50-yr 1st « 4s.. 1951 F-A
90
83
90% St Joseph Stk Yds lsi 448.1930 J-J 100
654 66
St L Ter Cutiples Stat' n* Pro])
97
e
101
I
i
1
100% 100°s
101% 101% Apr'04
03 Feb '03
96
90
&T
U
114%
93
94
111
94 Sale
115 4
102
IHiMcellaiicouM
J-J
An icr coll trgos.l'.M J-J
Co deb 5s
1910 J-J
N on-con v do ben 6s
1913
Int Paper Co lstcon g Gs. 1918
Int St I'n nip 10-yr Oonv. Gs '13
Enloker ice(Clnc) lstg5s.'2s
Lackaw Steel 1st g 5|
1923
N at Starch Mfg Co IstgGs 1920
Nat Starch (Jo a f deb 6s.. 1925
Stan Rope
lstg 6s... 1946
Income gold 5s
1946
lol
111 4
103
Feb '04
Oct '02
Jan '04
1074
10141014
87
A-O
M
Indiml rial
Bar&
J-J
J-J
J-J
J-J
W
272
99 4 Mar'03
85 Apr'04
109
108
105
103
1
A
4
102
99%
1>1
niniiului lining
'03
1104Feb'03
103% Apr'04
VG&N
1933JM-N
M-S
TolP& Wist
Series B
1st lien equip s
<fc
n>d
Mar'04
80%
107
1
102
Sod Bay & So let g 5e
1924 J-J 101
So Car <& Ga See Southern
SoPacCo— Colltrg4 4s..l905 J-D 101 4
Gold 4e (Cent Pao coll). £1949 J-D
91
Registered
4:1949 J-D
let gug5a.... 1941 J102
Cent Pac lat ret gu g 4s 1949 F-A
99%
Begistered
1949 F-A
Mort guar gold 34s.. fcl929 J-D
Begistered
£1929 J-D
Gal liar <fc S A lstg 6s.. 1910 F-A 100
2d gold 7s
1906 J-D 104
Mox<fc Pac letg5e.... 1931 M-N 109
GUa
1st gug 5s. 1924 M-N 107
Huus E <fc
T 1st g 5s. 933 M-N 105
1st
108
,
115 4 Sale
1
& Black R See N Y Cent
Val nd & W See Mo P
Ver
irginia Mid See South Ry
Va & Southw't 1st gu 5s.2003 J-J
1939 M-N
704 Wabash 1st gold 5s
1939 FA
2d gold 5s
994
Debenture series A
1939 J-J
<fc
W
guar 5s
108
,
loo
2
Utica
102 '4.
W
Ga Car & No 1st gug 5s 1929
8eab& Roa 1st 5s
1926
Sher Shr
So See M K
T
Sil so Oca
G See Atl Coast L
119
6 107
.
101
<
101% Apr'04
110
1094.
.
1034
J-J
J-J
J-J
General gold 5s
1935 J-D
Kan<fe
1st gug 4s.... 1390 A-O
gold
..1917
4s..
J-J
130
TolStL feWprlieng34s.l925 J-J
50-year gold 4s
1950 A-O
107 "2 1084
Tor Ham & Butt 1st g 4s.A1946 J-D
Del
1st
cong
5s 1928 J-D
110%1114 Ulster*
nPacRR& Igrg4s..l947 J-J
100 101%
Registered
1947 J-J
1911 M-N
1st lien convert 4s
Registered
1911 M-N
Ore Ry & Nav con g 4s. 1946 J-D
Ore Short Line IstgGs.. 1922 F-A
133 135%
1st consol g5s
1946 J-J
1927 E-A
4s & participating
11441144
1908 J-J
Utah & Nor 1st 7s
117 117
Gold 5s
1926 J-J
107% 1104
Mar'04
May'02
M
&
W
W
11 14 Apr'04
106
104
102
119% Feb '03
1144 Apr'04
119 Feb '04
109 4 109\
.
J-J
F-A
M-S
106% 106%
Oct '03
Apr'04
102
102
130 4
130
1014 Apr'04
.
& Lew See Penn RR
122% 1244 Syra Bmg & N Y See D L & W
110 112
Tebo&N SeeMK&T
JL er A of St L 1st g 44s. .1939 A-O
1094111
96
96
1st con gold 5s
1894-1944 F-A 115
100 100
St L M Bge Ter gu g 5s. 1930 A-O 1084
794 84
1194H94 Tex & N O See So Pao Co
78
80% Tex & Pao E Div 1st g 6s 1905 M-S *100
Apr'04
108% Apr '04
116%Apr'01
108%.
130
Sen '02
130
122
100
76
10 105
106
102
104
114
114
110
A-O
A-O
Since
106% Apr'04
113 Jan '01
100 Jan '04
80
80
107
107
107 4 Mar'04
1074,
1014.
A-O
A-O
Range
January 1
129
106 4.
J-J
J-J
'<
127
804 81
96% 84 92% 96%
La Div BL lstg 5s
Min W<fe N 1st gu 5s '30 F-A
72 4 784
1935 J-J
74% ii'f 70
74% Tol& O C lstg5s
Western Div 1st g 5s. ..1935 A-O
96"*
112
113
A-O
J-J 1064
A-O 1064.
J-J 101%
J-J
"J
High No Low Jliali,
Apr'04
110 112
A sk- Low
1194..-
J-J
B
<
Mai '114
112 113
934 10 90 4 93 4
984 98%
124% lli7 4Feb'02
A-O
M-N
A-O
Last Sale
2-a
ii'6"
. .
107%Apr*04
,
J-J
J-J
J.J
See Nor Pao
St P
S'x City See C St P
&0
Salt Lake C 1st g s I 6a. ..1913 J-J
8FePres<fc Ph lstg 5s. ..1942 M-S
S
& P See So Pac Co
P 1st sink 1 g 5s. 1919 J-J
Sav F <& West See Atl Coast L
Scioto Val <fc
E See Nor dc
Seaboard Air Line g 4s ...1950
Coll tr ielund g 6s
1911
Car Cent let con g 4s. ..1949
FlaCen& Pen let g 5e. 191b
let land gr ext g 6e ...1930
Consol gold 5s
1943
W
2d gold inc 5s
77
74
A O
1912 A-O
1937 M-N
Stamped
1905-.. 1937 M-N
S Pac of NMex lstg 6s.. 1911 J-J
1937
1905
Sabine Div let g 6s
1912
Con gold 5s
1943
Southern— let con g 5s
1994
Begistered
1994
Mob & Ohio coll tr g 4s 1 938
Mem Div 1st g 44-58...1996
St Louis div lstg 48. ...1951
Ala Cen B 1st g 6s
1918
Atl& Danvlstg4s
1948
Atl & Yad 1st g guar 48.1949
Col& Greenvlst6s
1916
E T Va & Ga Div g 5s. .1930
Con 1st gold 5s
1956
E Ten reor lien g 5s
1938
Ga Pao By 1st g 6s
1922
Knox & Ohio 1st g G8...1925
Bich& Dan con g 6s
1915
Deb 5s stamped
1927
Bich & Meek let g 4s... 1948
So Car & Ga 1st g 5s. ...1919
Virginia Mid ser C 6s ... 1 9 1
Series D 4-5s
1921
Series E 5s
1926
General 6s
1936
Guar stamped
1936
O&
1st cy gu 4s.. 1924
West N C 1st con g 6s.. 1914
S & N Ala See L & N
Spok Falls & Nor 1st g 6s. 1939
Stat I8l Ry 1st gug 44s.. 1943
Friday
April 29
J-J
lstcon guar g 5s
1st gold 5s
964 Sale
A-O 108
J-J 130%
J-J
J-J
J-J
"*u
1004
J-J
J-D
J-D
. .
Week's
Range or
Sunb
Jan '04
82% Sal* 824
82%
M-N 1194125 119 4 Feb '04
A-O
80% Sale 784
80%
M-N
1044105
Apr'04
J-J
M-N 1H4....
J-D 101% 1024
J-D
EMinnlstdlv Istg5s..l908 A-O 101*4.
Nor Div 1st gold 4s
1948 A-O
Minn Union 1st g 6s
1922 J-J
MontC
105 Feb '04
104 4 Dec '03
122% Mar'04
.....
110% 112~4 111% 112
10
A-O 100
KC<fcMB&Blstgu5s.l929 A-O
8t Douis So See Illinois Cent
8t D S
1st g 4s bd ctts.1989
2d g 4s inc bond ctls....pl989
Consol gold 4s
1932
Gray's PtTer 1st gug 5s 1947
St Paul & Dul See Nor Pacific
St Paul
Man 2d 6s.. .1909
1st consul gold 6s
1 933
Begistered
1933
4
Beduced to gold 'as.. 1933
Begistered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Begistered
1937
P of Ar gu 1st g 68...C1909
1st guar g Gs
cl9lo
S P of Cal 1st g 6s
1905
1st g 6s series B
1905
lstg 6s series C& D...190G
1st g Gs series E & F. 1912
So
W
St
St
SA&
. .
105
92
J-J
J-J
115
120 4 Dec '02
98%
98 4 181
92
W
Price
Bid
(Continued)
Consol g 6s int guar. ..1912
Gen gold 4s int guar. .1921
Waco<fe N
div 1st g Gs '3n
Morgan's La & T 1st 7s. 1918
1st gold Gs
1920
N YT&Mex gu 1st g4s. 1912
No of Cal 1st gn g 6s
1907
Guaranteed gold 5s
1938
Ore & Cal 1st guar g 68.1927
A Pass 1st gug 4s. 1943
8P Coast 1st gug 4s
Tex & N O let 7s
J'ly'97
96%J'ly'03
.
=>
1st gold 6s
11941194
1154Mar'04
98% Sale
107
118%
107% 1104
120 Oct *01
112 4 Dec '02
115
92%
12341234
1 19 4 Apr'04
137 Nov'97
98
STOCK EXCHANGE
Week Ending Apkil 29
H& TClstg5sintgu..l937
112% Mar'00
99
SeeB&O
&
97
1
N. Y.
1
Low High Southern Pac Co
Nov'97
102
101
A-O 109% 110
F-A
J-D
J-D
W
96%
[VOL. LXXVUI,
4
BONDS
Range
Since
High
6
— Concluded—Page
January
Dec'03
Aug'03
114
106
113
13 1.
Week's
Range or
Last Sale
Ask Low
Bid
121%
Pitts Ft
<fc Oil
See Penn Co
Pitts June 1st gold 6s
1922 J-J
Pitts tfc L Erie 2d g 6s...al92S A-0
Pitts McKees <fe Y SeeN Y Cen
Pitts Sli
L E 1st g os... 1940 A-O
1st consul gold 5s
1943 J-J
Pitts &West
Pltts Y
Ash 1st con 6s.l927 M-N
1997 J-J
Reading Co gen g 4s
Registered
1997 J-J
Roch <fc
—
1
J-D
J-J
M-S
98 4
50
Sale
Feb'02
90
90
90
91
108 Nov'03
118 4 J'ly'00
79 Aug'03
1
Due Oct p Due Nov
q
Due Dec
£
Option sale
—
.
.
Apr.
—
of Business at Stock Exchanges
TRANSACTIONS AT THE
NEW YORK
Stocks
Railroad
V 8
Bonds
Stale
<kc
Bunds
Par value
Shares
iyt/4
STOCK EXCHANGE
WEEKLY AND YEARLY
DAILY.
Week ending
April 29
.
1
THE CHRONICLE
30, 1904.]
Volume
—
Bonds
1539
linn Securities
Elizabeth Gas Lt Co.. 100
Bid
200
Ask
Hudson Gas 100
Essex
Wayne Os 1925. .J -i
91
60
93
84
31
Ac
ludustrinl and Miscel
Compressed Air Co.. .100
Consplid Car Heating loo
4
05
com .100
IJCons Firew'ks
Ask
4
JllU
75
13
29
Bergen C0..100
1 Preferred
100
60
Cons By Ltg.fcRetrig.100
Grand Rapids Gas
Consol
Rubber Tire. .100
F-A 8101 103
Hist 5s 1915
Debenture -Is
474 50
Hartford (Ct)Gas L...25
10
100
62 4 63 4 Cons Storage BatterylOu
Hudson Co Gas
Com Tobao di-o ?s'05A.t J102
See Stock Exch list
5s g 1949
cotton iiiiV- (fibre ,pref. 26
3
Indiana Nat A 111 GaeM-N
44
48
Cramps' 8h4 En BldglOO
15
ls! 6s 1908
Crucible sleel
loo
75
Indianapolis Gas stock 50
4 34
M-N 8104"i
ion
1st 6s 1920
86
U Preferred
SI
50
Cuban 6a ol LS96
98
J aOkSOS Gas Co
iJDiamoiid Match Co. 100 129 4
A-O i 97
5s g 1937
Dominion
Securities. 100
100
12
15
5
Kansas City Gas
EW trie Boat
A-O
97
lou
98
25
1158 1922
100
100
100
Preferred
Laclede Gas
60
3
Electric Lead Reuuo'n.50
80
loo
96
Preferred
4
60
Preferred
1
65
50
Laiay'eGa8l8t6s'24..M-N
r
50
Electric Vehicle
54
100
54
Eog&WabV lst6s'2, ).J
Preferred
100
M adison Gas 6s 1926.A-0 8105 108
8
Newark Gas 6s 1944. Q-J 8135 "75" Electro-Pneuiu'ic Tran 10 r
4
Empire Steel
100
6
Newark Consol Gas.. loo 73
loo
Preferred
30
5a 1948 .S'eeStock Exch list
HGeneral Chemical ..100
44
No inlson L H <& Pow
UPreferrod
94
100
A-O 8100 101
6a 1988
u io
Gold
Hill
Copper
6
1
*
IndONat&ILL.lOO
10
HO*
48
Greene Consol Copper. 10 t 15->4
.7-1
1st 6s 1926
52
45
HackeusackMeado wslOO
55
174
'at .fc Pas Gas <fc Elec 1 00
Hall Signal Co
loo
85
M-S 101 102
Con g 5s 1949
o:;
st Joseph Gas 5s 1937.J-J
8
4
954 Havana Commercial. 100
Preferred
1 00
89
92
15
StPaulGas Hun 5s'44M-S
29
94 34 964 Havana Tobacco C0..IO0
Syracuse Gas 58 1946. J-J
Preferred
100
38
Telegr «fc Telephone
Hecker-Jones-Jew'l Mill
M-s
864
1st 6s 1922
99
IjAnierTeleg^ Cable 100
1
95 100
Herring-Hall-MarvinlOO
BeLlTeleph of Buffalo 100
103
30
104
1st
preferred
Amer
.100
100
So
liCentral <fe
35
4
2d preferred
42
100
Ch.cs.fc PotoTeleph..lOO
103»8 1044 Hoboken Land it ImplOO 200
J-J
5s 1909-29
M-K 8102
195
U5s 1910
U Commercial Cable ..100 180
3
Houston Oil
100
Commer Un Tel (N Y).25 115
78
17
Preferred
State
Tel
100
82
100
Emp <fc Bay
95
42
Hudson Realty
Franklin
100
52
lnternat'lBankingColOO 140
120
100 110
TlGold & Stock
41.
Int'n'lMerc Marine. 100
1144s, 1905
Preferred
I6 3
Hudson River Teleph 100 91
99
100
1424
Col
tr
deb
4 41922op'()7
11 N
144 4
J Teleph. ..100
94
100
5s 1920 See Stock Ex chang e list International Salt
40
Istg5sl951
125
IJNorthwestern Teleg. 50 120
Ga8<fe Ei
1
<
17
07
4
1
J
12
10
103
1
25
."•
1,
s>7,080,250
i 1.397,500
26.474,150
18,705,100
14,972,800
15,906,600
16,788,750
2,085,500
2,059.600
2,469,000
Friday
78,559
283,831
197,676
159,060
173,442
188,520
Total
1,076,088
$99,927,650
$12,527,100
Saturday
Monday
Tuesday
Wednesday
Thursday
$2,000
$10,000
1,000
2,097,50(1
<
1.86S.000
*
$2,000
$11,000
r
\
- 1
Week ending April 29
Sales at
Stock
January
April 29
1 to
Hew York
Exchange
Stocks
— No. shares
Par value
Bank
1903
1904
shares, par..
1903
1904.
40,625,769
2,074,159
54,627,846
1,076,088
$99,927,650 $193,649,850 $3,771,924,325 $5,157,423,126
$222,600
$37,400
$193,150
$14,900
BONDS
State bonds
K it. and mis. bonds
Total bonds
$11,000
2,000
12,527,100
$39,450
2,000
9,592,000
$304,700
212,500
220,383,100
$523,850
260,500
232,938,100
$12,540,100
$9,623,450
$220,900,300
$233,722,450
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Wednesday .
Thursday
Friday
Philadelphia
Boston
Listed
share'
Unlisted
shares
9,571
1,187
7,060
5.725
4,943
3,868
3,278
15.839
10,267
9,771
14,737
10,979
71,154
Total
1
>
i
Government bond*
Week ending
April 29
1904
1
>
Bond
sales
Li&ted
shares
$10,000
44,000
79,000
45,000
62,215
19,500
5,783
14,662
9,869
8,890
7,412
8.566
$259,715
55,182
Unlisted
shares
488
Bond
sale*
3,313
$61,000
83,800
117,300
104,900
59,400
82,000
21,436
$508,400
4,515
6,512
3,821
2.787
:i
Y&N
Pacific
26,061
.
11
<ft
Atlantic
25
& Atlantic 25
Southern
Electric
75
95
International Silver, ion
Preferred
100
1st 6s 1948
J-D
John B Stetson com. .100
Preferred
100
82
105
Companies
Chicago Edison Co... 100 140
Hartford (Ct) Elec Lt 100 235
IIKingsCo El L&P Co 100 182
88
Narragan (Prov) El Co 50
NY & Q El L &PowColOO 37
68
Preferred
100
194
United Electric of N J100
66 34
48 1949
J-D
36*3
BR
i:to
15
28
02
1
14
6
10
42
48
'.m;
16
19
95
15
35
30
40
102
3
40
8
104
7
20
110
146
4 34
17
4
80
10
41
10
30
8 98
150
130
35
100
150
Kitchener Gold Mining. 5
\
9
Lanston Monotype
8
20
Securities
Lawyers Mort insur.100 160 170
Lawyers' Title Ins. ..100 250 275
A Weekly Review o> Outside Market will be found on a preceding page.
40
41
LightFuel&P of WValOO
1ILonllard(P)pref ...100 115
21
Street Railways
Railways
Street
Bid Ask
Bid Ash
25
674 Maekay Companies ..100 23
NEW YORK CITY
Lake St (Chic) El stk. 100
34 34
Preferred
67
69
100
100
34
1st
5s
97
99
32
1928
J-J 8
15
Madison So Garden. .100
Bleeck St& FulF stk
Ferry Companies
..J-J
96
99
ULouisv
St5sl930..J&J
81.134
114
1950
60
80
mort
4s
2d
6s
1919
M-N
Hist
243
Lynn<fc
Bos
1st
'24.J-D
stk
238
5s
8112
114
Ave
. .100
7th
6
Manhattan
14
B'y
&
Brooklyn
Transit
l«a
Ferry
stocklOO
7
20
U
3
in neap St Ry 5s See Stk Exch List
99 4 101
1|lstinort58 1904 ..J-D
Mex Nat Construe. pflOO
54 7
B&
109
1st 6a 1911.J-J 105
NewOrlRysCo
100
10
8
MonougahelaR Coal.. 50
i[2dmort 5s 1914 ...J-J 104 107
Con 5s 1948 See Stock Exch list
Preferred
28
100
30
Preferred
25
Con 5s 1943 See Stock Exch list
50
N Y & E R Ferry stk. 100 70 75
75
109
111
44s
1952
J-J
78
102 4
1924
8
90
8
100
B' way Surf 1st 5s gu
1st 5s 1922
93 4 Mosler Safe Co
M-N 8
North Chic Str stock. 100
64 34 70
19
106
Enam
18
2d 5s int as rental 1905 8 994 101
'46.
UNat
&
Stamp
100
N Y <fc Hob con 5s
J-D
1004
Pub Serv Corp of N J100
85
79
1|Pref erred
Hcent'l Crosst'n stk. .100 275
Hob Fy 1st 5s 1946 M-N 8108 111
100
Tr ctfs 2% to 6% perpet 43
44
National Surety
100 1224 125
Distil 6s 1922 ...M-N ni7 121
N Y <fc N J 1st 5s 1946. J-J 102
19
20
North J ersey St Ry 100
40
3
(30
NewBrunsCaniielCoal 10
10th & 23d Sts Ferry 100
HCen PkN & E R stk. 100 2(»5 209
1st 4s 1948
186
M-N 871
42
48
1IChr't'r& 10th St stk 100 178
1INew Central Coal
20
1st mort 5s 1919. ..J-D 8 92
96
64 34 65 4 U Union Ferry stock .100
Cons Trac of N J. ..100
Col&9thAve5sA'eeStock Exch list
31
3
New Eng Consol Ice. 100
34
1st 5s 1933
J-D 106 1064
Dry D E B & B—
111st 5s 1920
914 N Y Biscuit 6s 1911. M-S ibT'
M-N 90
111
New'k Pas Ry 5s'30J-J 112 113
111st gold 5s 1932. ..J-D 108
N Y tge & Security 1 00 110 130
Railroad
101
Or <fc New 1st 6s '05 A-O 8100 102
99
16
20
100
IJScrip 5s 1914 ....F-A
llNew York Dock
Essex Pas 6s 1905 M-N 81014 102
100 390 400
85
40
Buffalo & Susq. pref ...50
UPrelerred
87
100
11 Eighth Avenue st. . .
"54
240
105
106
Rapid
Tran
St
Ry..l00
5
Chic Peo & St L pref. 100
N Y Transportation.. .20
HScrlp 6s 1914. ...F-A
410
1st 5s E)21
A-O 8107 110
3
3
4
1I42d&GrStF'ystk..l00 4
Deposited stock
Nor Am Luni'r & Pulpl 00
8
15
18
J C Hob&PatersonlOo
84
44
42dStM& StNAv.,100 SI 75
Undeposited stock...
TTOntario Silver
100
M-N 70
71
4s g 1949
31
28
list mort 6s 1910 .M-S 104 107
Prior lien g 4 4s'30M<fcS 8106
109
Otis Elevator com
100
84
86
85
So J Gas El & Trac 100
89
89
87
Preferred
112(1 Income 6s 1915 J-J
Con mtg g 5s 1930. J&J
92 4
100
Gug5s 1953
M-S 100 101
16
InterboroughRapTr.100 1094 110
Income os 1930
Pittsburg Brewing
25
50 t 251, 25 4
112
115
Si
List
See
k
Exc
No
Hud
6V14J-J
94
Co Ry
45 4 46
ChRI<fc Pac4s (wi).„. 8
Preferred
ijex At & Pav F 5s
50
111
J-J 110
154
5s 1928
Erie conv4sApr L '53A&0 8....
15
Metropol Securities See Stk E x list
Pittsburg Coal
1 00
37
Pat City con 6s '31. J-D 8120 124
56 4 66°8
Metropol Street Ry See Stk E x list
Northern Pacific
Preferred
loo
loo
132 134
2d 6s.. ..1914 opt A-O 8100
96 102
When released
Pratt & Whitn pref.. 100
Ninth Avenue stock. 100 185 192
106
US
Rochester Ry
100 102
Northern Securities.. 100
9884 99
Realty Assoc (Bklyn)lOO 112
second Avenue stocklOO 205 209
3
96 4 Pitts Bess&LE
102
Preferred
100
33
Royal Bak Powd pref. 100 101
36
Hist mort 5s 1909 M-N 8102 4 103 4
50
a
3
list
F-A
Phila
63
illl
112
Con
73
61
1948....
5s
1930
Preferred
Russell
Consul 5s
See
& Erwin
77
25
4
4
50
J-D 101 102 4 Seaboard Air Line185
176
2d 5s 1933
Safety Car Heat <fc Lt loo 180
Sixth Avenue stock 100 172
90
92
So Side El (Clue) stk. 100
Coll ir 5s '07 op (w i)M-S
87 4 88
Seminole Mining
Sou Boulev 5s 1945. .J-J «102 106
30
Syracuse Rap Tr 5s 1946 8100 101
25
Va <fc Southwestern. .100 25
Simpson Crawford Co loo
So Fer 1st 5s 1919. ..A-O 8105 108
35
12
13
82
U nit Rys (St L Trans) 100
Deb s 1 6s '24 op '05
Third Avenue See Stock Exch List
-J
90"
Industrial
and
Miscel
53
65
410
Preferred
100
P & 5s 192» 100 106
Singer Mf« o
on a
Tarry
Gen 4s 1934
6'e<;Stk Exch list
90
6
Alliance Realty
Standard
YkersStRR5sl946A-0 102 106
101
Milling Co.
100
24
20
UnitRvsSanFran 6'eeStk Exch list
Allis-Ohalniers
28th & 29th Sts 1st 5s '96 81084 110
6H
100
1 00
84 Preferred
74
77
Wash Ry & El Co.... 100 10 4
39
5s
llTwenty-Th'd St stk loo 395 410
45
1 00
II Preferred
52
60
Preferred
100
J-J
99
101
Standard oil ol N J. .lot 025 .330
HAmer Bank Note Co. 50 r 53
Deb os 1906
55
76
764 American Can com. ..100
32
4sl951
J-D
44 44 Standard Coupler coin 100 28
Union Ry 1st 5s 1942 F-A 109 HI
40
38
36 4 37
126
105
100
Preferred
Westchest 1st 6s '43 J-J 101
Preferred
11 West Chicago St
loo
LOO 110
72
90
1)Con g 5s 1936
M-N 8 68
American Chicle Co. .100
Storage
4
95
Power
.50
H
BROOKLYN'
77
Preferred
81
Swift it Co See Boston St k Exc n'ge
100
CJas
Securities
American Elevated
Atlan Ave 5s 1909.. A-O 8 99
101
4
J~-J 8 100 4 1014
4 1st 5s 1910-1914
NEW YORK
32
A-O 108 110
Am Malting 6s 19 4. J-D 99 4 101 Tennessee Copper
Con 5s g 1931
25 t 31
107
90
4 Amer Press Assoc'n.lOO 75
75
luipt 5s See Stock Exc h list
Cent Union Gas 1st 5s... 810G
UTexasit Pacific Coal 100
85
list
110
Exc
h
k
20
1933..
Amer
1st
6s
E
5s
A-O
Con
Gas
(N
Y)
stk.
See
St
Shipbuilding.
A-o
8105
BB&
99 103
264
1908
..100
81 7e .„.. Title Guar & Trust ...lot 415 425
Preferred
EquitGascon5sl932 See Stk E x list
Brooklyn City stock. ..10 231 233
100
2
140
Am Soda Eouu com.. 100
HMutual Gas
100 260 290
Title Ins 'o ol N Y..100 130
Con 5s See Stock Exch list
p
94
63
1st preferred
Ti'iiapah
(Nevada).
BklnCrosstn 5s 1908.J-J 102 106
New Amsterdam Gas—
70
1O0
3
13
11
10
2d preferred
1st consol 5s 1948.. J-J 81064 100 4
14 I'l'c in on Potteries coin 100
Bkn Hgts 1st 5s 1941 A-O 105 106
100
H5
8-'
list
Exch
158
Preferred
American Surety
BklnQCo&Sub See Stk Excli list NYiiEL H.fcP see Stock
162
new
50
00
75
Amer Tobacco oom... 50 250 500 Trow Directory new.. loo 65
Bklyn Rap Tran See Stk Exch list
N Y <fc East River Gas—
7Q
!
1114
130
8110
Cop
pel
Bklyn
UPrelerred
140
En
on
<fc
..100
1st
1944
J-J
10
Coney
Is.
330
360
5s
loo
1l
109
Am Typefo'rs com. ..100 25 30 Union Switch <fe Signal 5(1 65
Consol 5s 1945
J-J 8106
1st cons g 4s 1948.. J-J
loo 100S,
105
Preferred
85
Preferred
BrkC& N 5s 1939.J-J 111 114 N Y & Richmond Gas. 100 34
90
100
50
3»8
84
82
Amer Writing Paper. 100
• 7 Union Typewr com. .100
GrSUfcNew 1st 5s '06 F-A 100 102 Nor Un 1st 5s 1927. M-N 8103 104
106
140
15
104
130
Preferred
erred
1st
prel
16
loo
100
Gr'pt &Lorimer St 1st 6s 102
II Standard Gas com ..100
106
744 76'
5s 1919
2d preferred
loo 104
1IPreferred
J.J
Kings Co. Elevated
100 155 170
2
I3
Unit Boxboanhfc Pap.100
20
M-N 8110 113 II Barney & Sm Car ... 1 00 10
1st 4s 1949 See Stock Exch List
1st 6s 1930
'4
13
100
12
Preferred
Nassau Elec pref
100
11 Preferred
loo 110 125
75
CITIES
OTHKR
34
Uliss Company com
100
U S Cotton Duck
5s 1944
A-O 110^ 112
50 140 160
25
50
48
Preferred
160
U S Envelope com. .. 100
1st 4s 1951
See St k Exc h list Amer Light & Tract. 100
so 140
•
05
A.- Mtg Guar
5
3..
60
90
92
Bond
360
Preferred
lot)
Flat
Preferred
100
100
N Wb'g&
1st ex 4 4s 100
103
6
Borden's Cond Milk. .100 118
U S LiRhl <Vr Heat.... 1U
Steinway 1st 6s 1922.J-J U15
119
Baltimore Consolidat See Bait list
5
Preferred
112
1|U s Kedik Bennlng.lOO
Bay State Gas
50
4
16
100 109
9/
Dm
Camden Laud
4
Preferred
3 t
Binghainton Gas 5s 1938 i 94
4
OTHER CITIES
101
Celluloid (Jo
iuy D S Shipbuilding
100 114
Brooklyn Union Gas deb
100
13
190
Fireworks
Cent
Preferred
Buffalo Street Ry—
'07.
18
com. 100
..M-S f
6s 1909 conv
55
Preferred.
4
44
00
D ssteei Corp new ">s See Stk E x list
1st consol 5s 1931. .F-A 4112
100
1134 Buffalo City Gas stocklOO
06 4
Central Foundry
14
Deb 6s 1917
100
IV ColtrsJ 5s '51 opt '11 §104 -. 1105
A.O 4105 107
1st 5s 1947 See Stock Exch list
}104 4
4
8
Preferred
Col Ds ;»s '5 not opt
Chicago City Ry stk. 100 154
100
9
160 4 Chicago Gas See N Y Stk Exch list
10
9
Eire
4
52
Universal
Ext'r,l00
Deb 6s 1919 op '01.M -N
55
Ohic UnionTrac See St'ck Exch list
Cincinnati Gas <fc Elec 100 100 4 101
"j
14
Century
100
Tobacoo.,.100
Realty
nlversal
loo
l
Cleveland Electr Ry.100
100
72
Consol Gas of N J
75
4
2
100
92
Cnesebrousrh Mfg Co loo 420 440
Preferred
889
J-J
Columbus (O) StRy.,100 x92
1st 5s 1936
93
90
HClatlin(H B) lstpref 100
Westchester ~v Bronx
95
Preferred
Consum Gas (J City)
100 Z105
150
' 2d preferred
Tttie Ac Mot
90
Guar Co. 130
95
100
Colum Ry con 5s See Ph da list
M-N 8100
1st 6s 1904
90
Westingh Air Brake. .50 135 ..„..
95
100
1i Common
Crosst'wn 1st 5s '33. J-D
1054 Consumers' L H & Pow—
7-,
10
Mining.
Knob
80
White
Col<fc Hock Coal&lpf 100
65
Grand Rapids Ry
J-D 8100 102
100
60
58
5s 1938
Wortlunj: Pump pret.loo 112 115
1st g 5s 1917
90
75
J-J i 85
50 t 70
Preferred
100
864 90 HDetroit City Gas
a Ex rights. asExdiv, «j sells on Stock Exchange, but not a very active security.
; Sale price,
8 Buyer pays accrued interest.
1 Price per share.
Outside
M
148
249
190
91
41
71
NY
M
.
11
1
W
.
M
t
I
.
I
11
1
1
W
1
Mm
1
1
>
:
.
1
1
.
;i
t
I
t
1
4
'
V
3'
5
1
BOSTON STOCK EXCHANQE-Stock
Share Prices — Not
Wednesday
April 27
efaturdav
A pril 23
Centum
1'er
April 25
STOCKS
Thursda u
April 28
JYtilay
1904
the
or
Uanqe lor Previous
Year (1903)
Jianye for Year
Sales
BOSTON STOCK
Week
EXCHANGE
April 29
Weekly and Yearly
Record, Daily,
1'rice*
1
1
Lowest
Sfiaret
Lowest
Jliyhest
K;iili-o:ul-
73%
*25
J
72% 734
733<
04
251
142 V
I
142
11
73
250 "4
1
238
2
112
141
Hi
240
169
L69
i*6*s%
•
3ol
1-1
1
301
301
110
I
140
119
182
160
111
»
1-:.
»2sn
1
*37 4
140 4 140*4
38%
*:;7>4
173
384
74
5%
6%
1- "l
1894
207
"78
'.'07
20 Hi
74
5
'5
5
•228
205 Hi
80% •77
*07
68
32
230
207
79
Hi
7334
OH:
1S»%1894
188 34 1893s
230
•32
78%
232
232
207
78
68
•
78
68
08Hi
32
112 4113
9134
105
92 4 92 Hi
113 113
140
140
140
89
•05
70
4
..
9-'
85 4
106
92
•13
134
71 4 714
4'8
6
19
20
127 4 12734
120 1264
120 41274
*10 4 10%
"9*4
*5
4
91 34
2lo
40
40
s<>4
170
804
170
44
19
1283s
120
120
126
126*4
1034 1034
74 4 75
113
104 104
*54 6
239 a4 240
"103 166
40
40
8014 80 Hi
174 170
»4
1 34
123»4
2i3
2134 213
l
*
•1*4
124
213 4
9
1004 100
IOOHj
22Hi
224
•
1 34
12 4
9
*100
4%
19
127
r-',: 34
'
71
71
6
240
134
*13
10%
•1634165
89 Hi
70
84% 84%
74% 754
*iVfi«i i'15%
Hi
"••2"
"3"
105
105^ 106 Hj 106 H>
60
'
v2hT"3"
28 4 294
49
29
10% 10%
5«*b 50%
62% 62 a4
10% 10%
55% 50 7s
4:'
49
29 H2
•00
-05
•50
-50
?y
80
80
100
"78
•78
•96
79
80
100
*
*78
•95
4
2%
4''.
4'P !._,
434
40 4
2
H104 11
••40
*
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,
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23
04
MILS
9
04
21% 22
40
18%
7
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•4
7 Hi
44
"»'i»4
41
•2
'4
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Oo
5
2
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V
10
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on
189 Hi
230
2O0
77
78
70
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86
90
70
85
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105
92
113
92
113
13
167
10
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42 '4
24% 23
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64 V]
1104 111 Hi
'4
334
7
i 8
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4
24
7%
3%
r»
7 "a
4
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41
-2
4
V
41
Hi
2
Hi
»'6U
1
18
12%
67
24
7.7
r.o
24
23
*1V
••no
1
1>9
•8
3%
l 3,
85
90
1
lHi
8 Hi
• 00
14
12%
67
23
L%
8.1
14
90
2
4*8
10 '4
•0H1
•jo
9*4
84
72
72
• •60
78
8
71
•oo
Hi
2
•9*4
18 Hi
*6 a4
."1
I
Apr 10 171 Jan 13 170
301 Apr 23 290
85 205
10 137% Apr Is 146 Jan 26 133
76
8 V Apr 20 124 V J an 19 110
B L66
1
182
Jan
160
Apr
L84
'J
1
Miscellaneous
134
71
•37
31
1
7
Hi
"hj
4
2434
»63
111 Hi
2
Hi
•7
4
24'8 25
do
60 V
24
7V
2 '4
8
3 34
4
1%
1*4
7
•75
Hi
00
434 4"l8
40 Hj 41
AH
*-50
7o
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7
"1
4
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66 Hi
23 V
13Hi
Bfl
23
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1% 1%
82
• 90
1
82
4V
2
7
IV
10
'4
1
1
13
66
23 Hi
23
82
82
134
8
4
00
111
2%
V
2 Hi
V
-4
4 l4
•86
•85
4*4
4 34
41
41
2%
V
•75
3
'8
•76
1%
1
•12 V 13 Hi
60
66
23%
'4
2
-;
86
Last Sale
IV
IV IV
1
8
90
8%
•s's
94 Hi
10',
OH
72
70
7o H
75
•50
Hi
6 Before pay'lof assess'ts called
75
111
2%
1%
a
s
Sa
1
1>
s
„
.
,
70
75
.'.
1903. d Before puj
6
71
a a
1
Doc '03
J'ly '03
3%
204
»•,
.1
''
'•_
<
'
'
-3
t
425
460
140
8,550
1,070
040
100
260
011
2,700
60
860
660
02 V
355
20
40
800
1
lotorla
Wolverine
HI)
ui a.ssoss'ts
Api
called
m
'0
1
Wyandot
10".; 1.
•BulaimasKoil.
'-'.'.
25
25
25
Jan
Apr
Mar
Not
Jan
Jan
125
No 1964 Mar
Jan 170 Mar
i
25
75
42
Oct
17
Nov
75
Dec
Dec
Mat
1 73 4 May
8% Nov
1188 V May
16 14 Dec
so
Feb
4 Feb
39 4 Jan
83 4 Jau
12
Mar
180 Feb
37% Feb
00 Jan
28% Ape
225 Jan
173 4 Mar
J
Sep 232 Mar
Aug 2124 Feb
J'ly 91
May
220
190
74
08
Sep
85
J'ly
J'ly
71
Jan
Jan
7
25 Jan
75 Jan 84 34 Jan
91V Oct 104 V Jan
30
Aug 104 4 Jan
Jan
Feb
87 4 Aug 97 Feb
108 Sep 116 Feb
15 4 Nov 26% Jan
38 4 J'ly 52 Jan
144 Sep 150 Jan
00*4
83 4 Oct 95
xl02 Sep 178
9 Nov 26 Feb
66 4 Nov 864 Feb
3 Sep
7 Mar
Mar31
Mar31 12 Sep 24 Mar
21
131V Jan 25 107% Oct 1344 Jan
120*4 Apr 2 6 116 Aug 123 4 Dec
1304 Jan 25 114 4 Oct 1694 Feb
6 34 Oct
12% Jan 6
14% Feb
774Mar30 65 Oct 794 Jan
SVJ'ly
5 34 Jan
3% Feb 16
115 4 Apr 15 115 Oct 127 Jan
6VNov 62 4 Jan
10% Apr 11
oVOct
8 34 Jan
0*8 Apr 14
240 Jan 10 223 Dec 310 Feb
1784 Jan 22 138 Sep 204 Feb
43% Jan 5 30 J'ly 48*4 Feb
82 4 Jan 5 744 J'ly 88% Feb
180 Marl 2 164*4 Aug 190 Feb
14 Oct
2 4 Jan
Jan 25
127 Apr 16 121 Nov 139 Jan
Apr
9
20
Jan
4 Jan 28
16 Marl4
219% Jan 22 197 J'ly 237 Jan
6VDec 10 Feb
8% Apr 14
102 Jan 5 99 J'ly 132 Jan
25 J'ne 20 34 Jan
28 J'ly 29*4 Jan
134 Jan
5 Apr
2 V Mar 2 9
1084 Apr 29 91 Aug 111 Jan
0ct
3s4
53
Jan
60 Apr 23
29% Apr 28 27 Aug 31V Feb
Sep 15 4 Feb
7
8 Jan 23
7934 Apr 22 71*4 Get 95 4 May
Oct 184 Feb
16 Apr 29
OS Api_"J 33 J'ly 57 4 Jan
12% Jan 2 10 Nov 39% Feb
62 V Apr » 49 a4 Nov 89% Jan
Jan 14 •50 Jan •80 Mar
•lb
4 Nov 28 Jan
Jan 26
1
s,;
Jan 21 71 Oct 102 Feb
85 Jan 21 67 Oct 108 Feb
100 Jan 15 80*4 Oct 110 Jan
154 Jan 13
76
6
Jan 23
,
Dec 18 Jan
2
Feb 15
3 Jan 18
Mar s 5% Apr 5
34 Jan
8 Hi Mai
43 Feb 8 53 Feb 2 33 a4 Oct 75% Mar
75 Mar21
Mar 15 •50 Feb
14 Feb
1
Jan 12 a4 Mar
8 Feb 2 J 11% Apr
J'ly
Feb
Feb
Jan
314
15%
24 19%
12
15%
25 Tib 2
75 Sep
Jail 23
4 Feb
1
25 Jan 13 25 Jan 13 •25 A pi •95 Mar
Get 14 4 Feb
Feb 11
7
7
8% Jan 20
'9 4 Feb
19 Alar 2 23% Jan 21
20 Dec
•40
Feb 3 50 Mar23 •40 Dec •90 Mai
435 Jail 4 470 Apr 9 400 J'ly 55 1 Mar
05 Apr 23 •05 Apr 23 OS Fob •1
Feb
</
V Feb 8 22 4 Apr 8 12 J'ly 3 l%Feb
Sep
5*4
J
an
7
9 4 J'ly
6
74 Jan H
33 Apr 2 2 •75 Jan 5 •35 Nov 1*''32 Jan
10 4 Sep 1
TV Apr 5 12 4 Apr
Mai
38 Pel) 23 47 4 Jan
37 J'ly 7_
Feb
Nov
31
20 V Apr 15 30 Jan
48 V May
51*4 Mar 5 72 Jan
59 4 Get 13 % J an
107 Ma r31 113 Jan
100 Oct 11 4 Feb
o
Feb 5
2 Get
5
Mai
2 V Jan
7 J'ly 14 Feb
7% .Marl 5 9 4 Jan 9
33
J'ly
Marls
5 4 Apr
4 4 Apr 29
4
02 V Feb 16
3 Jan
Apr 8 50 Dec
Jan 4
7
54 J "iy 17'V Feb
94 Jan 25
J'ly
Feb 25
3
18 Feb
3
4% Jan Is
•50
Ma iT4 •87 V Jail 22 50 Dec 2iV Jau
11'VFeb
Dec
4*4
44 Feb 29 6V Jau 5
34 4 Feb S 44 4 Apr 8 31 J'ly 58 Feb
Jan 21
2 Nov
8 M
2 4 Jan 10
•50
2''s Jau
Feb IS •82 Apr Is •55 Nov
1'4 Jan
May
•75
'ne
•50
J
•76
Apr Is
4 Feb
1% Apr 28
Oct 23 -Feb
9
1*1 Apr 2
6
Hi Feb
53 Feb s 02 % J an 5 43 4J'!y 70 Feb
2u*4 Feb 1
204 Feb 2 10 J'ly 34 Fell
s
1 Hi -Mar
3 Jan 25
2% Dec 7 4 Feb
80 Feb 25 100 Jan 5 80 Get 120 4 Feb
86 Mar2 2
1% Apr s •75 Nov 4 Feb
J'ly
14 Jan 2
1
Jan
8
24 Jan 20
Dei:
Jan 6
7
7
11% Apt
94 Jan is
\)0
Marl 120 Jau 19 75
190 Fob
Nov l»ia Feb
lb
Jan 33% Mar
11
4 4 J 'iy
Feb
3% Mai'J.".
-in
6
Dec
UarlO
4
Jan
Alar 19
Is Jan
22 .Ian 20 16% J'ly 274 Feb
Mai8% Jan
8 Dec 17
10 4 Jan 20
3*16
1 1
l
1
*2
ill-
1
'.)
71
26
26
loo
mud Copper
U uitedStaies Mining 25
unit States Coal &Ofl 25
6
kll Con (Gold)
Winona
?1%
,i
Cenuessee
\
6
S
Tamarack
Deoumseh
5.13J
2,151
'-';".
Trinity
1
204
.-
1
2,358
t
,
635
Mar'04 U
8
9%
3
95
:t3
10 \
3
6 Hi
5
25
Apr'04 Continental Zinc
4034 Copper Range Con ColOO
21
20
23
Daly- West
65 a4
65 J4 Dominion Coal.
100
111
111
Do pref
100
12
24
24 Elm River
*7 4
Krauklin
25
8
44
44 Grauby Consolidated. 10
1*4
5
1 34 Guanajuato Consol..
74
Apr'04 Isle Royale (Copper). 25
4
Mans Consol
4
26
•65
•75
Maytlower
26
"44
Michigan
5
26
414
26
414 Mohawk
Montana Coal A Coke 26
3
"•50
•75
Montreal & Boston.. 5
'75
May'03 .National
26
25
Old Colony
12*4
25
Dominion
Old
13
26
50 V Osceola
2
Parroii (Silvd Copp) 10
24
25
1%
1% I'huMiix Consol
•82
85 Quincy
25
I
Apr'04 Rhode Island
26
14 Santa Fe(Gold<ft Cop) 10
•8
10
8% shannon
I,
B
3
6 Hi
70
Cons Mercur Gold...
40%
Sale 76
l
20
•35
ll Ji
1 1
s
lijj
33
a
33
3
•
/.
I
21*4
Apr'Oi
*
,
9H
•50
Apr'04
1
"1*4
82
37
3
»e
50
19 V
19 V
L
00
111
•75
13
66
8 Hi
3
6
Apr'04
M402
465
Last Sale
40% 41
23 '4 24%
5
3
•50
',
4 '4
41
IV
•jo
104
li> 7%
"6*4
7V
•35
•35
•75
3 Hi
90
9%
494
Mar'04
•10
*7V 8
4
4Va 44
1*4
1 34
1%
7 V Last Sale
4034
90
IV
•90
48V
25
795
25
945
Amalgamated CopperlOO 12,115
Amer Gold Dredging 5
Am Zinc Lead & Sin. 25 170
Anaconda
25
Arcadian
25
86
Arnold
25
loo
Atlantic
25
Bingham Con Min<fc S 50 1,295
Bonanza (Dev Co)... 10
25
33
Calumet & Hecla
200
10
Catalpa (Silver)
Centennial
25 1,802
Central Od
25
10
Allouez
5
21% •21
21
Last sale
19
25
7
o
10
Last Sale
V
11
4
*-60
'-2
7
40*4
1114
*10
19
4034
65
4 34
49 '4
Z48V
462
•36
3 34
1 34
2
19
»6 34
2lHi
•50
465
•36
-37
24 AdventureCon
2
2
434
-
405
Feb 10
162V Jan
Jan
Apr
305
Sep 157
J'ly 143
6
4 Feb
J'ly
1
s
An 89% Jan
Aug 1034 Jan
J'ne 202
Aim 154
Aug 250
J'ne 195
J'ne 177
l
Aug
Last Sale 75
10 Hi
1
813 *137 'i-li
!42VApr25
120 230 Mai 11 240 Apr 23 230
26 L66 Marie 109 Jan 25 161
1
•50
••40
*-40
50
-50
•25
8H3 Last Sale
25
19 Hi
Hs
2
131
33
83Hi
1
54 4
85
1
100
2
4*«
48 V 49
•40
465
3%
1
034
1
2
1
270
I. II
"04
1
27.
Marl 4 754 Aprl
Jan
94% Apr
m Mario 251 Apr'.'.".
4
13H,
13V *13
71V
71V 71V
3
84
»8
8 Hi
90
20%
1
88
Apr'04 'c.iniecticiit Hiver...lOO
276 Jan 25 .'.SI Apr o
140 140
139 KitcUburg pref
139
100
129 135 Jan 2 141 Apr 7
38 (Ja By& Electric
500 24 Hi Jan 2 88 V Apr 28
37 V 38 V
38
LOO
79
79
Do pref
77 V 77V
100
305 73 Jan 27 79 Apr 29
Last Sale 42
Mar'03 Houston El'tric com. 100
•174
Maine Central
175
174
Apr -0
24 172 Jan
100
20 Hi 20 '4
20
20 Mass Electric Cos
100 1,190 16*4 Feb 25 24 Jan 21
7334
73
74
74
Do pref
897 72 Mar 11 804 Jan 27
100
Apr 25 14 Jan 11
Mexican Central
8
8
810
100
*7V 8V
188 34 189
188% 189 N Y N H & Hart. ...100 1,390 L88% Apr - 100 Jan
Last Sale 763 4 Apr'04 Northern N H
loo
162 V Jan 25 1034 A\)T 7
232 232
230 Norwich & Wor pref 100
10 222 Jan 29 232 Apr21
22a
205 205
205 Old Colony
42 108 V Jan 7 207 Apr 21
100
77 78 77
78 Pere Marquette
100
80 75 Feb 10 80 V Feb 1
•08
08
Do pref
68
70
157 68 Marl 7 75 Jan 13
100
*35
30
36
40 Rutland pref
100 32 Hi Apr 2 2 39 Jan 20
100
Last Salt ;5Hi Oct '03 Savannah Elec com. .100
Last Sale 42
Feb '04 Seattle Electric
40 Jan 15 42 Feb 3
100
"89
91
89 34
89*4
Do pref
228 89 V Apr 25 92 Jan 20
100
*65
65
70
70 Terre Haute Elec
100
85 Hi 86%
85
Union Pacifio
85
741 71*8 Mai 14 89% Apr 4
100
3
3
91 4 91 4
92
92
Do pref
81 86 4 Mar 1 94 4 Apr 6
100
Last Sale 168
Apr'04 Vermont & Mass
163 Marl4 108 Apr 21
100
92-4
92
92
453 89 Jan 4 93 MarlO
92% West End St
50
112
113 113
Do pref
03 108 Jan 4 113 4 Apr 26
50
1123s
Last Sale Z7V Feb '04 Wisconsin Central.. .100
17VFeb26 17 V Feb 26
Last Sale 38^ J'ly '03
Do pref
100
Last Sale 145
Jan '04 Wore Nash <fe Roch.,100
145 Jan 7 145 Jan 7
Last Sale
1
).;
•80
V ChicJuncliy& US YlOO
Do pre!
119
119
100
Apr '01 Con& Mont Class 4.. 100
Z604 Apr'04 Conn & Pass Rivprer loo
iio"
1
',
!
Last
Last
Last Salt 281
20 H73
'228
214 214 "ai
•40
-50
•OO
41%
483s
465
3934
7%
...
'US
17:1
*-40
465
8
h
48
•50
2
1%
4"ie 4"io
'•25
"8
2^8
1%
2
11
•24
7
2
35
•7',
3*4
:<
434
35
•05
42*4
2 3 '4
119
loo
loo
100
288
100
168 V Ho.ston & Maine
Do pref
169
100
301
Boston & ProvldencelOO
1
04
94
l
10
•o:.
41'i
141
Boston & Albany
Boston Elevated
Boston it Lowell
248
141V
1
5«4
'
10 Hi
405
Hi
134
•40
•50
8Hi
"•41
7
•34
'139
Sauta Feloo
100
154 12VAprl4
13V Amer Agricul CUem.100
72
71
72
Do pref
100
146 71 Jan 5
5
434
5
4 4
4 34
4 34
Amer
Pneu
3VFeb 4
4%
50 2,030
Serv
4%
1934 *18V
*19
19 Hi
Do pref
19^ 19V 19
292 17 Feb27
50
19V
120 34 1284 128 1283s 127=8 128
127 V 12734 Amer Sugar Renn
100 4,734 122 V Feb 24
126 126 34 126 34 126 34 126 120*4 126
120
Do pref
659 122 V Jan 5
100
3
127
126-4
126
127
126
126 126 4
127
Amer Telep & Teleg.100 3,231 1194 Feb 19
V
10 7s 10'h
Feb 19
104 10V
510
10V 10V 10 78
10% Amer Woolen
100
75
75
75 Hs
74%
Do pref
74% 75% 75
714 68V Jan 19
74%
100
Last Sale rv
3VMar28
Apr'04 Boston Land
10
'113
lUHi
Cumberl Telep & Tel 100 ""40 112V Jan 15
114Hi 114Hi 113 115
7
7
*9
*9
10
10 >4
7*4 Feb 29
10V
Dominion
Iron & St
*9H2 10V
10 Hi
435
8
s
5 '4
*54 6
East Boston Land
5 V Jan 23
5V 239
6
59
5Hi
•5V
238 V 239*4 Edison Elec Ilium.. .100
239 Hi 240
239 V 240
237V
357 230 Feb 20
100
16441644 162 162 H2 103 163
160 General Electric
114 157 Feb 26
100
3934
40
40
39 34 39 34
40 Hi 40Hi
39*4 Mass'chusettsOasCoslOO
465 37%Marlo
80 '„
80
80 V
80 V 80*4
80 Hi 80 Hi
Do pref
80 a4
100
534 77 34 Marl4
176 178
177 177 175 176
175
Feb 10
170 V Mergenthaler Lino.. 100
5 174
3
3
138
138
•14 1 4
1 «
-H4
14Mar30
13s
110
14 Mexican Telephone.. 10
122 4 123
122 V 122 Hi 122 V 122 V 121V 123 N E Telephone
101 118 Feb 23
100
Last Sale
Marl4
1
Mar'04 PlantComt'ststkconilOO
Last Sale 10
10 Mar2s
Mar'04
Do pref
100
213 213 z211
212 212
21 IV 212
Pullman Co
211
259 208 Mario
100
OVJau 19
9
9
*8H2
8V
*8V 9
8V
3
84 Reece Button- Hole.. 10
100
100 4 100 Hi 100 IOOH2 100
V 100 Hi 1004 Swift & Co
100
70 x99 34 Mar21
sale
Last
22 Hi
Aug'03 Torrington Class A.. 25
22V
25Hi
Last Sale 28
Sep '03
Do pref......
25
"-'i Hi '"-a"
2 Jan 10
Apr'04 Union Cop L'd & Mg. 25
"•2v"8" Last Sale 2 V
10534 106
100 100
106 Hi 108
1074 108 4 United Fruit
100 2,345 95 Feb 8
49
49
49
49
49 V
50
V 49V
United Shoe Mach... 25 2,071 454 Feb26
50
29 H2 29 Hi
29 Hi 29 Hi
29 V 29*s
29 V
Do pref
25
299 28 Jan 28
29V
Last Sale 7
Feb 9
7
100
Apr '04 U S Leather
Last Sale '«34 Apr'04
77 Jan 16
Do pref
100
15
15
10
150 10*4 Feb 6
10 U S Rubber
100
62»8 02*4
04
64
07 4
Do pref
100
394 40 4 Jan
08
9*4 Jan
10*8 10 5s
10 V
10 Hi 10%
10 V 10%
100
10 V U S Steel Corp
717
50 Hi
564
Do pref
100 8,440 54*8 Feb 1
55% 5 6 Hi 55 a4 50*8 50
56 V
•50
•50
•50
-05
50 -50
•60
00
West End Land
25
465 50 Aprl2
7*4 Apr 14
8V
Telep & Teleg.100
10
8Ha
"77" West
80
80
80
SO
76 Marll
100
Do pref
"78
78 80 Last Sale 80
80
78 Marl4
Apr'04 Westing El & Mfg... 50
*90 100
90 100 Last Sale 95
944 Mar 3
Do pre!
50
Apr'04
*13
•71
10
•50
4
300
141
<fc
pref
248
16*84
169
168H)
167
300
38
*6»4
188 34
Do
237
108*4
"3*8" 14(>Hi
175
20
73
12
301
140
•40
*-25
402
7
•S3
24a
48 Hj 49%
462
*io *8 19%
237
1
Atch Top
72 V
93
V
Mining
2
4 58
2j
• •40
22
23 s
108
68
32
*80
90
*65
70
84 Hj 84%
»92
92 Hi
165
92 Hi 92 Hi
113 1134
91
'65
2491,
141*4
16
301
*1»9
"lis
•ls3
160
»280
73
'4
142%
76V 77 H:
175 175
20 '4 20 14
....
20
74
1
•
*75%....
20%
68
is.".
168
280
140$,
....
I
182
160
1-:.
168
l
".
i'i's'i.jil'9""
280
."
•37% 38
»74V
301
301
11
119
251
r.o
V
73
03
73
93% 93 Hi
931
251
Highest
1,276
3
1,576
1
200
500
JXews.
,'-',
1
1
-i
30
(/'J Hi
Jan
Jan
2
;\:>
2
4
7
i
Jan G
Feb 23
69
50
1
i.s't
paid.
1
4 J an is
Apr 22
4 Jan
Mar
Hi Jan
22
Jau
Dec
1
U,
6
5
4
9
61
J 'iy
J'ly
•75
Oct
1
33% May
H4%
Feb
.Mai-
Mar
2%1Mar
77
jKsL-nghts. aEx-div.& rights
1
'
APE.
5
1
'
J
1
'
1
Boston Bond Record.
30, 1904.1
BONDS
boston stock exch'gb
Week Enddtq April
Price
29
cfe
.1
•
J
Nebraska 1st 7d..l908|M-S
AtchToptfe S Fegeng4s..l99.VAO
I'lv 1995 Nov
Adjustment g 4s
Boston Elect Light 1st 6s. 190s M-S
1924
Consol us
1907 J-l>
Boston & Lowell is
1944 J--I
Boston & Maine 4 Has
..1905 F-A
Improvement 4s
Boat cfe Mori 3d issue 7s... 1901 M-N
Boston Terminal 1st 3Has. 1947 F-A
191 S J- J
Bur&MoRiv ex 6s
191S J-J
Non-exempt lis
1910
J-J
Sinking fund 4s
Bntte<fe Boston 1st Os. ...1917 A-O
Cedar Rap <fc Mo R 1st 78.1910 M-N
1909 J-D
2d 7s
Cent Vermtlst g4s..Mayl920 Q-F
Chic Burl <fe Q extend 4s. 1905 J-J
1919 A-O
Iowa Div 1st 5s
1919 A-O
IowaDiv 1st 4s
Debenture 5s
1913 M-N
1922 F-A
Denver Exten 4s
1927 M-N
Nebraska Exten Is
4s
1921 M-S
st
S
1949 J-J
Illinois Div 3 Has
Joint bonds See Gt Northern
Chic Jc By cfe Stk Yds 5s .1915 J-J
Coll trust refunding g4sl940 A-O
ChMil& St P Dub D (is.. 1920 J-J
ChM & St P Wis Vdiv 6sl920 J-J
Chic cfe No Mich 1st gu 58.1931 M-N
Mich gen 5s. ...1921 J-D
Chic cfe
Concord & Mont cons 4s. .1920 J-D
Conn & Pass R 1st g 4s... 1943 A-O
1927 A-O
Current River 1st 5s
Det Gr Rap &
1st 4s... 1946 A-O
1913 M-S
Dominion Coal 1st 6s
1906 M-S
Eastern 1st gold 6s
1915 M-S
Fitchburg4s
1927 M-S
4s
i
January
r.
»6 S4
97
.mi90
113 H» Feb'03
99 Hi
9",
90 34 Apr'04
Sale
91
Atchcfc
91
MS
110
\\
1
96 34
Bfi
Kan
Kan
Kan
Kan
110
110
i'rf*
iVf
1
99
10
W
101 Hi.
95
W
.
108
104
.
.
FrerutElk&MoVlst68..1933 A-O 137
1933 A-O 137
Unstamped 1st 6s
93
Gt Nor C B & Q coll tr 4s 1921 J-J
1921 Q-J
Hi
1058g 10634
98 io
97
124 34 125 Hi
123 Ha 124 Hi
100 101 '4
105Hal06 a4
105Hal09
1 04 Hj 10458
102Hil03
137.
137
137
90
6f
90%
137 Hi
137
93 Hi
93 H.
the purchase price for
Philadelphia and Baltimore Stock
all
Monday
April 25
72
73
uesda
lu
Ap HI
~~
Wednesday
April 27
11
26
65 Hi
7
ft
102
F-A
101 34
101 Hj.
J-J
J-J
F-A
J-D
F-A
J-J
J-J
Mar'04
Apr'04
:,
|
H)
Friday
;
75
J'ne'03
Mar'02
101
'a
102
Hi
101%
101
120Hal20 3*
Mar'02
Apr'04
92
100
102
92
102
Feb'03
102 "8
101 34 Sale
98 Hi 99
105H;J'ne'03
102 34 Apr'03
101 34 101 34
99
98Ha
87*4 J'ly '01
1125« 112 58
102',
100 88 103
94
94*a
34 100 Ha 108 Hi
Apr'04
and asked.
102 34 102 34
101 34 101 34
9SH2IOOH1
U2"r112"8
H Trust Co. ctfs.
Weekly, Yearly
Mange lor Year
1904
the
I6H1
7Hj
96
9 7 Hi
102
102
102
102
102 18 104 14
Mar'04
Oct '02
105
108 H?
71'sDcc'O:;
Daily,
Sales
704
13
THj
OS's Sale
latest bid
kvS,
Apr '04
94'78 Mar'04
F-A
los'a
101 34
L20V| 122
Oct '03
104
102»e
J-J
J-J
J-J
|('l
65
J-J
1
lot
107
Mar'04
M-S
1917
Gold 4s
Western Teleph & Tel 58.1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s.. 1909
g
ipr'O!
J'ne'03
102
92
102
107
93
91
100
M-N
M-S
M-N
110
lis
Apr'04
Mar'04
107
120'-,
F-A
128
100
97
Hi
105
West End Street Ry 4s... .1915 F-A
1914 M-S
Gold 4Ha8
1916 M-N
Gold debenture 4s
No pnoe
Jan '04
,
.
J-J
J-J
Jlii/h
"**6
95 Apr'04
102 Jan '04
102 Apr'04
103
103
106 '« Mar'03
lOl 3 Apr'04
101's 101H)
112 Muy'01
loo's Oct '02
95
A-O
A-O
A-O
A-O
1
Boston Bonds.
102
114
66
13
J
(For Bonds and Inactive Week
Stocks see below J
Shares
Jiridau
April 29
bo
1
turn
101% Apr '04
lOl-'s
J-J
A
117',
93
B2
101
107
J
1906
r,s
1907
1908
8a
1915
58
1905
Englst7s
N
1905
1st 6s
1924
Old Colony gold 4a
Oreg Ry cfe Nav con g 4s.. 1946
1922
Oreg Sh Line 1st g 6s
Repub Valley 1st a t 6s. ..1919
Kutland 1st con gen 4H28.1941
Rutland-Canadian 1st 4sl949
Savannah Elec 1st cons 5s. 952
1930
Seattle Elec 1st g 5s
1918
Torrington let g5s
1
1947
gr
4s.
Union Pao
g
1911
1st lien conv 4a
United Fruit conv gen 58.1911
US Steel Corp 10-00 yr 53.1963
ACTIVE STOCKS
Thursday
April 28
,
High
Jan '04
"
6s
of
April 23
82
J'ly
Exchanges— Stock Record,
Share Prices — Not Per Centum Prices
.Saturday
'v
107
J-J
RR&
IOOH1IOIH1
97
95
Feb'04
92"g
93
92 Ha
92 H
93
J-J
J-J
Y&N
98 Hi
90 'a 92
137
Note— Buyer pays accrued interest in addition to
New Bug Teleph
100
14
98Hl
92
137^4
Sale
1
99
109'.,
117 :,4 Sail
M-N
M-S
M-S
A-O
I
lOO'j
104-4
100'.,
105
105 Hi
97
97
124 34 Feb'OI
123 Ha 123 Hi
100
100
105 34 106 H>
109 4 Mar'02
112 4 Jan '03
101 Apr'04
95 Apr'04
108 Mar'04
104 Hj 104 Hj
102 Hi 102 H
lll 14 May'02
105 Sale
97
99
124
123 Hi
99 Hi
105 34
100
109
an central cons 4s.. 1911
•1I1
Jan 1989
lstconsinc3s
Jan 1989
2d cons ino 3s
Mich Telep cons 5s tr rec.1929
Miune Gen Elec con g 5s 1929
1929
ngCot Vain 5s
78
81
99 Hi 100
106>4 Dec '02
9SHi Mar'04
92
12 7'-..
108 H.
181
C ClinA 8pr
\:i
128
128
100 Apr'04
107 Jan '04
100 14 Feb '04
104 Apr'0 4
100
100
92
7B..1917 A-O
1st 5B...192S A-O
Gull 1st 7s.. L908 J-l)
96
98
35
128 H) L28
C
etin
<
Last
A-O
1912 A-O
II 1st 4s
Maid Hough &Ont 1st 88.1925 A-O
113
102
99 Hi
L2
101
I'.'r-
Sangi or
n
-">
ASk Low
Bid
C Ft 8 &
c Ft Boott A M 68.... L928
C M A B gen 4a
1934
Assented income 5s
Kan C cfe.M By<ft Uf 1st 5B1929
1907
Jo
B
1st
7s..
Kancst
tfe C
L Kit BtSmldgr lst7s... L905
.Maine Cent cons 1st 7s... 1912
L04H) Apr'OU
91
—
Noii-coiiveit
90*
Feb'OI
April
1910 J-J
deben 5a
deben 6b. ..1913 A-O
Illinois Steel
94
1
Friita
Ending APBjX 29
i.k
iioux
117
Feb '04
99 78 Jan '02
101 Mar*03
112 Hi Jan '03
111 34 112 l« 112Hs 112»g
101
101
"99>iiS6" 99 Hi Apr'04
100 J'ne'OI
12S Feb '04
117 '4 Feb'03
80 Sale
78
80
B& W
1
No Low High
Jli'/h
frier.
BOSTON STOCK EXCU'llK
Since
<>r
Last Sale
Ask LOW
Bui
97
90
J-
'
Range
r>4i
BONUS
"=^
Week's
Friday
April 29
1908
Am Bell Telephone 4s 192'.
Am Telep Tel coll tr 4a.
Registered4s
1
'
Lowest
Range
tor Previous
Year (1903)
Highest
Lowest
JJiahest
Baltimore
71H)
"9 34
4
93
n)«8
19
*6 78
'I8H2.
44 Ha
•20
44H?
20
4
*44
20
7
1
8
5
5
'
<
91H?
9 34
19
958
19
1\
7
44 Hi
20
'44
1
5
7"ie 7W W
8
'8
73
72
93
4
19
*6 34
7
44Hi
20
20
8
4
*7'
Ha
8
72 Ha
90
90
*9Ha 10
19
19
»44
20
7
8
4 34
8
8
91
*9Hi
*18Ha
lh
-12
73
91
9*8
*6'4
44Ha
443a
44 3 8
44
20
20
20
20
4 Hi
*778
8
*4
*7 78
4 H.
8
ls
7
13 18
5
*4
8
8
32
71 4 71'4
36^8 3658
72
74
36Ha
36H>
58'5l6 59
39H» 39h
5^16 o 7 ie
58 34 58i»i6
38 34 38 3
"13 ^2 14
22 Ha 22 Hi
13Ha 13Hi
223 16 22 >.,
399 la 39» 18
39
40
*31Ha
4
589l6
-39
3
32
49 58 49^
83 Ha 83 34
32
PHILADELPHIA
Inactive Stocks
American Cement
10
50
50
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer. ..lHi
7478 76 34
37
37
77
37
58 34
39H-
5%
49 »8 49«b
83 Ha 83 Hi
Amer Iron &
74
36 34
13
39 34
•31
49 8
83
39 34
32
49 34
83 '4
Bid
Ask
7 Hi
Ha
2 2 '4
7 34
Bell
Diamond State
46
&
10
50
schuyl H..50
Nesquehoning
50
Mlnehill
N Haven
Iron
&
Steel.
:l
„
22'4
2 2 Ha
E
2'-
1
!
Loading
39 Ha 3'J»16
Do 1st pref
32
*3l
Do 2d pref
49 ?8 50 Union Tracton
83 Hj 83 Hi United (ias Impt
*18
22 Welsbach Co
40
32
49'8
83 H,
PHILADELPHIA
Al Val
MarsdenCo
Bonds
ext 7s 1910 A-O
114 34
100
111
93
103 Ha
115 34
Ok&Ggen 5s '19 J-J
Col St Ry 1st con 5s 198V
ConTracof N J 1st 5s. '33
E & A 1st M 5s 1920 M-N
Elec & Peo Tr stk tr otfa
115'
101
113
08
119 4
109
Indianapolis Ry 4s. 193.;
Interstate Rys—
13Ha
3-3 Ha-4s
10 \
60
62
50
2H,
Lehigh Nav 4Has '14. Q-J
1914. Q-F
RRs 4s g
100
11
98 34
3
:,
4
4
1
106 Ha
102 '4
M-S 116 4
J-D 122
J-D 139 '4 140
Annuity 6s
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5a rects..
107 Hi
New Con Gas 5s 1948 J-
44
44 Ha
150 155
95 7c 96
""K
1
1,
t
2 Hi
264
49
3Ha
Income 4s 1939. ..M-N
1st 4s '36. .M-N
M-S
Deben Os 1905
Penn gen 6s i'.' 10.. Vai
No Penn
265 '4
49
4
V.
'.insoi
Os c K>05..
.
Vai
Consul 5s r 1919... Var
Penn <V; Md Steel con U-*.
Pa& N Y* Can 7.s '06. J-D
V-O
Con 5s 1939
A-o
Con 4s 1939
Anacostia
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co 1st* col tr 5s'49 M-S
Bid ana asked prices; no sales on this day.
||
Lowest
is
Ail
A
<'li
Atlau C
103
cfe
Pot 5s
1st 7.
..1907 J
L RKlsl952M
iatL(Ct)ctfB5sJIndebt 4s
J
Halt ('Pass 1st 5s '11 Mlialt Fund;: 5s.1910.M(
112"
103 Hi
109
Ball Divosl942J
lonverttble 5s. '06 M.
Cent'] Bj
!2 M-
111
.\..
98
106 '4
L03Hi 104
lOS'j
ex-dividend.
tis of
Exchange3Haa 1930J
RefnndingSHaa 1952J
Balttft P 1st 6s 111 I'll A
Bait Trac 1st 5a.
iV6"
107
100 Ha
66 34
114Ha
Ha
Bxt
1
& Imp
'iiv
U Ex-rights.
Ry
58.1932
1st
M
5s '23 J
T$15paid.
2
8 3s Jan 26
40 34 Dec
Jan SO
Jan 23
1&16 Feb 1
5 Ha Jan 26
8 58 Jan 2o
13 Ha Feb 8
38 Hi Feb 6
77 Apr 26
38HaJan25
4^6 Jan 25
61 Ha Jan 27
43 Jan 22
6°i 8 Janl3
tl5'4 Jan 21
24 Jan 25
40'i 8 Jan27
33ii 6 Apri4
45
21
Hi
:
i
10
1
9
Dec
lieo
Nov 86
.i'lv
64 Aug
34 Ha Nov
1 Ha Sep
553g:Nov
35 Oct
5
7 34
18^4
'4
113
56
57
150
Dec
Nov
3 '2
2 Ha
4
3
30
29
97
96
109'-,
109
94 "a 94 3
112 '4 112 '-2
85
90
i
10-i
118
109
116
108
110
1
12
Hi
114
115
102
110
1 1 8 Hi
103 Hj
110
118
9
34ii
X
eJan
Sep 441'igFeb
Nov 40'sJan
4078 Sep 47 34 Feb
76 Oct 16HaJan
20 Aug 31 Mar
Ask
Bid
El 5s '99 M-S
84 'a
83
115
110
113H>
98
1
LcfcP 1st 4Has'29
M -N
A Ellat48'49M-S
)-!>
Income 4s 1949
Va -Mul 1st 6s 1906. .M-S
2d series 68 1911. ..M-S
3d series 6s 1916. .M-S
4th ser 3-4-68 1921. M-S
5th series 5s 1926. M-S
U4'a
100
116Hi
111 1
112
104 >4
109 m
.,
121
111 34
112 Hi
101 Hi
10
1
4
7
:
<,
48
16 Hi
101
116
116 'a
18
60
60
'4
13*4
11
'4
1U0
90
1
09
10l
3
4
117
117
112
110
114
HO'.;
09
106 H
107
105
76
91
91
49^
50
110
112
109
110
Va (State) 38 new '32. J-J 92"4
94
Fund debt 2-3sl991. J-J
West N C con 68 1914 J-J 115H 116
WesVaOfcP istos'll J-J 111 He 112
Weld 5s. .1935. J-J 117 118
Wil
cfe
".,
122H>
113'., 114
Ha
NAO P lst5s'38M-N
1
Feb
Jan
17 78 Jan
27 34
General 5s.. ..1941 M-S
Norfolk St 1st 5s '44.. J -J
North Cent 4 Has 1925 A-O
J-J
8a 1904
J-J
Series A 5s 1926
J-J
Series B 5s 1926
-J
1997.
J
Pitt Un Trac 5s
Pot© Val 1st 5s 1941.. J-J
Sec AvT( Pitta) 5s '34 J-D
Sav Fla «t West 5a '34 A-O
lard A L 4s 1950 A-O
Seal) <Vr Roan 5s 1926. J-J
South Hound 1st 5s. .A-O
D El
47 34
36
BALTIMORE
Nnt
108
230
95
45
98
66
107
221
80
40
95
60
79 34 Feb
45 7B Jan
4 Jan
78 34 Jan
Aug
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wash)lst5s'25F A
Mt Ver Cot Duck 1st 5s.
Incomes
'98"
.iaii
11
.
10::
10' 4
7^16 Oct
50 Apr 2
89 34 Jan 22
cfe
52 Ha Jan
Nov 2684 Jan
Nov 9 J 6 Jan
% Dec 40 34 Jan
17 i4
'4
Cnarl C & A ext 5s. '09 J-J
2d 7s
1910 A-O
io"5Ha City & Sub 1st 5s. '22 J-D
City cfe Sub(Was)lst5s'48
123
119 Ha
Col &Grnv 1st 68.1916 J-J
Consol
Gas 6s.. .1910 J-D
113Ha
103 s8
58
1939 J-D
102
Ga cfe Ala 1st con 5s '45 J-J
123
GaCar&Nlst5sg'29J-J
Georgia P 1st 6s... '22 J-J
102 Ha
105
110
GaSo cfe Fla 1st 5s 1945 J-J
Bonds
1
101
91
112
M
M
M
M
.
:,
Newark Pass con 5s 1930
N Y Pli & No 1st 4s" '39 J -J
A&O
Inactive Stocks
Atlanta A Charlotte. 100
la
A
n Coa«t Line RR 100
Atlau Coast L (Conn)lOO
Canton Co
100
Georgia Sou cfe Fla...l00
1st pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck
Unit Elec L cfe P pref.50
49 3
2d 7s 1910
Consoles 1923
21 34Jan
Chas Ry G
101
67
72 Ha Jan
84 Ha Oct 118 Jan
3
Dec
28'4 Jan
10 4
20 Oct 45 Jan
14 '4 Jan
8 Oct
58HaDec
92
Ask
Bid
ItALTLUOItE
83
81 Ha
GenM4HaSg.1924.Q-F L07Aj
Leh VC 1st 5s g '33. .J-J 109 34 110
Leh V ext 4s 1st 1948. J-D 111 112
50 Ha
103
F-A
1943
M
M
1
Elm Wil 1st 6s '10. J-J
Eq II Gas-L 1st g 5s 192H & B Top con 5s '25 A-O 106
<fe
Phil Elec gold trust ctfs.
Trust certits 4s
P cfe E gen
5 g '20.A-O
Gen
4s g 1920..
Ph Read 2d 5s '33. A-O
Con
J-D
7s 1911
Con
6s g 1911. ...J-D
Ex Imp 4s g '47. A-O
Con
of '82 4s '37. J-J
Terminal 5s g 1941 .Q-F
P \V tfc 15 col tr 4s '21. J-J
Rochester Ry con 5s 930
S 14 ESide 4s interim ctfs
U Trac Ind gen 5s'19.J-J
D Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930.J-D
&
105
100 3,
111
98 Ha
109 34
73's Apr 13
Apr 12
10 3 , Jan 2
5
2'8 Mar 3
170
100
50 7,415 5578 Marl2
815 38 Mar 3
50
25 5,403 56 18 Apr20
811
50
8 Jan 6
50 14,934 19HaMarl4
197 38 Mar 1
50
20 58 Febl9
50
50:
50
45 34 Jan 2
875 82 14 Feb 24
50
100
PHILADELPHIA
Ask
Bid
Ch
Penn Gas Coal
*
225is
Ha
D Can 1st 5s '16 J-J
Chocfe Me 1st 5s 1949 J-J
North Pennsylvania.. 50
50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
loo
Phila Co (Pitts) pref... 50
Phil <jerman<fe Norris.50
Phila Traction
50
Railways General
10
neh Iron & Steel..
Tidewater Steel
10
Preferred
10
United N J RR <feC loo
CnitPow & Tiaus
25
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey cfe SeaSh.50
Westmoreland Coal... 50
-39
•31
49 34
83 Ha
13
3H,
59 '4 Pennsylvania RR
39
Philadelp'a Co (Pittsb)
5 <8 5 7 16 Philadelphia Electric.
Phila Rapid Transit ...
VS*t
133a
Berg&EBrw 1st 6s'21 J-J
Keystone Telephone ..50
Preferred
50
KeystoneWatchCase.100
Lit Brothers
Little Schuylkill
22 4 22» 16
*39
40
-31
32
3
49 4 49 34
83 14 83*4
13Ha
5
76 Hi
37
Che<fe
Serinantown Pass
50
Harrison Bros pref. ..100
Indianapolis St....
100
Inter 8m Pow & Chem.50
5 7 ia
1338
8
10
32
3H3
Bethle Steel 6s 1998. Q-F
Steel...
Preferred
East on Con Electric... 50
Elec Storage Batt
100
Preferred
100
5 7 18
13Ha
53s
5
59
38 34
-
AniRys conv 5s 1911.J-D
Atl City 1st 53 g '19. M-N
Balls Ter 1st 5s 1926.J-D
Steel
Telephone
Cambria Iron
76'4
37
58 34 58" 1 6 58" 19 5'Ji 10
38'g 38 t
39
39
^ 7 ie
13Ha
22i 16
70
3634
13 10
ia
10
57HaJan
87 Ha Jan 18
8 l4 Feb25
15 34 Jan 16
6% Feb 24
Philadelphia
American Railways.... 50
58 43 4 Jan 18
Cambria Steel
50 2,134 183s Jan 6
Consol Lake Superior.. 100 14,400
^ Jan 12
570
Do pref
100
1 Ha Jan 19
3
Electric Co of America 10 1,030
7 4 Feb 8
Gen Asphalt interim ctfs..
10 Jan 6
Do pref interim ctfs.. "'To 30 Jan 11
Lenigh Coal <fe Nav
50 2,494 62 Hi Jan 14
Lehigh Valley
431 33 34 Feb26
50
44
20
*9
*30
7o
37
32
90
74
676
824
100
50
Seaboard Air Line
100
pref
100
Do
19'i
7
United Ry <fe Electric. 50
*18 34
19Ha
*6Ha
1B 16
Consolidated Gas
Northern Central
73
90
90
*9Ha 10
Hi
'4
.
.
.
2
.
t.....
.
1
THE CHRONICLE.
1542
<md
Imrjeslmetti
Vol. lxxviii.
[
intelligent*.
|£ailrjcradl
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or
can be obtained. The first two columns of figures give the gross earnings for the latest week or month,
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of vie. street railways are brought together separately on a subsequent page.
lM.te.st
ROADS
or
Week
Month
Gross Earnings
Current
Year
Year
NO*
8
55,138
5(3,433
to latest
Current
Year
PreviotLS
$
Ala Gt Southern 3d wk Apr
Texas Pacific,
Ala
lJuly 1
2,495,747
ROADS
Previous
Year
2,164,319
July 1
Latest Otoss Earnings
Date
Week
or
Manis
A No East
Month
Previous
Year
S
$
33,879
2,470
25,177
425,352
590,574
116,000
21.810
4,300
10,370
40,554
125,732
340,555
693,000
25,000
718,000
0.703
138.680
180,561
201,004
12,753
2,266
6,646,920
557,227
275,577
1,602,290
716,379
3,517.657
33,284
12,751
424,113
8,229,524
7.100
219,175
925,116
462,031
27,006
to
Current
Year
Current
Year
February..
monthly returns
and the last two
Latest Hate
Previous
Year
¥
231,219
267,430
56,332
65,072
21-.- IS
229,304
13,896.754 12,074.722
4,547,438 4,667,414
4,346,500 4,109,900
857.230
754,342
33,250
38,801
3.484
March
Manistique
22,571
Maryl'd & Penn.. March
863,345 (Mexican Cent'l. 3d wk Jan 513,539
1,008,926
959,002 ( Mexican Intern. February.. 593,542
1.125,105
//(<. 335,669
l*ec 5,0 19
Wk Apr 9. 122.200
(Mexican Ry
Allegheny Valley February..
19,090
36.619 1,554,412 1,600,222 {Mexican South'n 1st wk Apr
35,065
Ann Arbor
3dwk Apr
6,183
5,529,5
5,257,313 52,095,971 47,158,544 Millen & So'w'n. February..
Atch Top & S Fe. March
445. 1-105,937
11,059
Atlanta & Char.. January... 307,552 254,550 2,008,953 1,859,080 Mineral Range.. 3dwk Apr
2.361,064 2.706,3:8
519,905 Minneap <te St L. 3d wk Apr
43,113
543,415
63.100
02,500
Atl Knoxv A No. Maroh
44.255 5,819,176
.),
01,147
M8tP& 8 St M. 3d wk Apr 108,657
Atlantic A Blr. a il arch
14,680,645 14,219,470
Atl Coast Line../ February.. 1,814,949 1,638,399 13,218.232 12,520,137 Mo Kan A Texas 3d wk Apr 272,782
34,145,070 31.61b.827
78,111 Mo Pac & Iron Mi 3 a wk Apr 629,000
108,530
12.910
8,947
Bait <fe Ann SL.. February
1,483.000 1,007,100
30,000
5,483,811 5.410.350 48,944,986 46,380,641
Central Branch 3d wk Apr
Balt<te Ohio
March
35,628.070 32,025,927
Total
3d wk Apr 65:1,000
Bangor A Aroost February.. 170.15(1 129,333 1,311,857 1,127,114
326.624
200,199
51,948
48,588 Mob Jack & K. C. Wk Apr 16
8,102
4,984
7,544
Bellefonte Cent'] March....
6,250,061 0,124,733
34.109 Mobile* Ohio... 3d wk Apr 110,543
30,178
2,974
3,333
Brldgt & Saco R February.
8,205,058 7,581,097
Buff Koch A Pitts 3dwk Apr 121,584 142,648 6,009,272 5,895,837 NashCh AStL.. 3dwk Apr 185,291
9,207,262 8.219,389
722,441
746,765 (NaflRRof Mex 3d wk Apr 242,358
72,908
85.728
Buffalo ASusq... March.
140,905
142.338
10,903
54,500
43.700 2,479.500 1,738,850 Nev-Cal-Oregon March
Canadian North.. 3d wk Apr
22,062
26,345
719
Canadian Paclik- 3d wk Apr 939,000 856,000 36,668,136 34,701.405 Nevada Central February..
58,440,872 57,602,005
6,400,258
Cent'l of Georgia 3dwk Apr 149,480 148,550 7,883,661 7.664,209 N Y C & Hud Riv March
4,905,310 4,357,911
534,261
L.698,380 1,055,331 15,931,457 13,672, L09 N Y Out A West. Maroh.
Cent'l of N Jersey March. .
1,910,608 1.S14.181
227,386
Central Pacific. January .. 1,460,659 1.349,578 13,775,430 12,847,305 N Y Susq & West March
14,847,260
13,417.158
9O.042
97,537 Norfolk A West'n February.. 1,0^6,332
1,669
2,537
(Jhattan South'n 3d wk Apr
6,6e>7,069 5,938,769
1,657,826 1,603,769 14,299,907 12,085,059 Northern Central February.. 719,579
Chesap & Ohio.. March
36,043,100 35,638.131
897,10(3 775,661 7,882,985 6,809,415 North'n Pacific... March
3,463.715
Chic & Alton Ry February.
345.07O
389,649
30.321
Chio Gt Western 3dwk Aor 133,141 139,338 6,767,728 0,237,828 Nor Shore (Cal).. February..
138,956
127.830
14,684
98,793
4,250,002 4,025,447 Ohio Riv& West.. February..
99.09
Chic Ind &L' v.. 3dwk Apr
4,345,797 4,117,024
456.715
Chic Milw A 8t F February. 3,411.192 3,391,355 33,267,288 32,067,472 Pacific Coast Co. Maroh
79,290,416 77.040,110
4,350,831 4,449.370 41,079,906 37,003,841 ePenn— EastPAE February.. 3,345.42 1
Chic& North
fl March....
Inc. 1,93 4.500
870,924 990,626 9,022,391 9,288.823
Inc. 28
February..
Chio
March
eWest P A E
9,033,624 8,854,704
27,364
34.085 1,265,802 1.407,053 Pere Marquette w 3d wk Apr 222,408
Chic Term Tr RK 3dwk Apr
8,927,394 8,518.294
Cln N O & T Pac 3d wk Apr 115,902 116,011 5,373,437 4,723.559 PhilaBalt&W'sh February.. 945,410
5,121,050 4,414,769
498,087
CI Cin Oh & at L February.. 1,464,808 1,371,470 13,903,359 13,186,067 Phlla & Erie.
February
2,009,971 2,108.936 18,353,875 17,302,948
Peoria* East'n February.. 233,240 219,207 2,008,323 1,876,047 Pittsb C C & St L March
37,99
90,459 131,309 4,702,248 4,942,136 Raleigh A C Fear March
4,767
Colorado & South 3d wk Apr
23,040
100,469
16,70
120,118 Reading Railway March
2,962,818 3,105,731 25,714,637 22,831*596
Col Newb <fe Lau. February..
27,535
345,375
27,918
238,594
2,279,386 1.698.041 24,427,120 14,284,913
Copper Range.... February
Coal&IrCo... Maroh
4,584
50,887
5,151
59,242
5,242,204 4,803,772 50,141,807 37,116,509
Cornwall
February
Total Both Cos March
780,314
890,725
15.541
162,089
13,750
158,484 Rich Fr'ksb & P February.. 110,025 101,414
Cornwall &Leb.. February
411,367
389.464
149,750 125,193 1,291,195
36,758
36,709
842,194 Rio Grande Jot.. February..
Cuuiberl'd Valley January..
373,604
452,249
9,441
8,220
Den v. «& Rio Gr. / 3d wk Apr 292,300 311,400 13,325,883 14,040,454 Rio Grande So... 3d wk Apr
Kio Gr. West. 5
Rocklsl'dCo
February. 3,420,010 3,583,375 31,366,615 31,077.203
926,436
717,147
936.888
75,866 103,247
692,645 St Jos&GrI
110,901 127,109
Det & Mackinac. March...
February.
25,084
29,011 1,276,517 1,242,059 St L, A San Fran February. 2,870,434 2,406.711 24,024,150 21,420.793
Detroit Southern. 3d wk Apr
44,397
47,418 2.075,389 2,182,598 St L Southwest
DulSoah AAtl.. 3d wk Apr
3d wk Apr 117,954 149,009 6,373.374 6,039,799
218,221 211,846 1,867,993 1,774,050
3,621,333 3,965.956 33,423,235 33.068,069 StLVan&TH.. Maroh.
Erie
March
961,958
32,023
35,831 1,446,355 1,398,388 SanFran ANP.. March. _
84,893 1.010.405
79,141
Evansv & TH... 3d wk Apr
3,329
23,429
3,308
F'rohild&N'r'e'n February.,
26,855 Seaboard Air L.. 3d wk Apr 263,432 247.511 10,789.013 10,281,893
930.196
637.628
5,871
52,086
87,114
Farm v A Powhat February..
5,001
110,200
51,050 Southern Ind
Maroh
Ft
Denv City February.. 170,021 157,400 1,844,009 1,749,263 So Pacific Co 6... February.. 6,822,827 5,918,438 63,703,229 58.903.990
227,804 202,805 1,689,774 1,586,785
Georgia RR
February.
Central Pacific Jauuary. .. 1,460,659 1,349,578 13,775,430 12,847,305
139,267 159,692 1,292,987 1,223,218
Ga South <fe Fla.. March...
GalHar AS A January... 580,584 593,810 4,221,191 4,014,019
807.199
696,201
29,078
30,920
235,533
99,724
Gila ValG is N.. January ..
179,385
77,226
Gal Hous<fe No January...
96,570
100,623
12,547
Gr Trunk System 3d wkJApr 641,570 638,815 27,305,407 26,677.156
10,300
GulfWT AP.. January...
GrTr. West'n. 2il wk Apr 103,997 110,825 4,221,871 3,908.673
161,517 161,-21 1,144,280 1,168,105
Louis'a West... January...
20,347
22,51
996,154
DetGrH&M.. 2a wk Apr
974,912
Morgan's L & T January .. 417,904 473,036 2,990,794 3,013.301
2,811,426 2.703,467 30,229,600 30,261,725
292,660
Great Northern.. March
30,045
288,262
30,084
N Y T & Mex January ..
Montana Cent'l March
230,208
196,099 1,694,039 1,567,689
Oregon & Calif. January... 312,659 283.974 2,576,550 2,344,219
3.041,634 2,899,560 31,923,639 31,829,414
681,749
565,101
Total system. Maroh
65,523
70,159
So Pac Coast... January...
30,797
34,085 1,455,039 1,338,751
Gulf&ShipIsland 2d wk Apr
So PaoRRCo.. January .. 2,619,233 2,503,802 19.658,844 17,932,714
Hocking Valley.. 3dwk Apr 100,213 140,563 5,694,398 4,607.806
3,405,69
SoPaoS3.Liues January... 453,189
Hous & Tex Cent January .. 418,280 400,339 3,401,608 3,358,251
302,477 287,550 2,253,290 1,917,719
January.
TexANOrl
69,903
81,303
Texas. January ..
519,274
555,001 Southern Rallw'v 3d wk Apr 810,373 832,604 36,950,489 34,484.254
Hous A Shrevep't January ..
16,514
19,041
124,142
172,812
100.458 1,580,875 1,414,563
144,551 TerreH & Ind ... March
Illinois Central.. March
482,500
445,578
3,985,184 3,958,057 35,376,493 33,258,78S TerreH APeor.. Maroh
52,411
49,272
640,18^
Illinois Southern March
29,026
181,100
506,557
11,695
8,403
113,696 Texas Central
3d wk Apr
10,416
Ind 111 & Iowa... March
149.701
160,517 1,187,842 1,320,293 Texas & Pacific. 3d wk Apr 181,759 201,901 10,128,653 9,591,123
lut<te Gt North'n 3dwk Apr
83,938
94,013 4,813,571 4,539,995 Tex S V & N W
March.
13,000
121,284
118,100
9,000
Wk Apr si. 122.600 117,790 4,442,980 4,014,440 Tol <fc Ohio Cent 3d wk Apr
51,318
72,132 2.905,172 2,598,103
J Interoc (Mex) .
Iowa Central
39.908
40,572 1,952,769 1,994,985 Tol P A West .... 3dwk Apr
995,293
3d wk Aur
20,10
21,069 1.066,501
Kanawha A Mich 3dwk Apr
28.131
25,192 1,333.857
3d wk Apr
54,188 2,042,092 2,569,149
937,207 TolStL A
64,123
Kan City South'n February.. 545,101 497,678 4,394,465 4,104,281 Tor Ham & Bull. 1st wk Apr
475.424
379.208
15,397
11,547
Lak e E ri e& Westu March
387.745 400,801 3,859,750 3,590,501 Un Pac System .. February 3,837,907 3,133.828 37,923,072 33,522.977
JLehigh Val llli.. March
2,094.420 ,803.080 21,980,351 18,748,507 Virginia & So W'n March
44,070
143,169
54,417
467.559
Lexing A East'n. March
42,105
50.768
474,388
120,761
415,052 18,537,808 16,936,082
404,630 Wabash
3d wk Apr
l.oni. Island
Inc. 9,740
Inc. 311 ,958
February..
220,64
210,944 2,957,060 2,725,900
Jersey A Sea'e February
Louisiana A Ark. February..
65,291
436,699
38,105
87,091
87.128 3,517.00
331,448 Wheel & LE
3d wk Apr
3,321,337
Loutsv Hen&St L December.
458,489
11,691
125,197
411,597 Wm'sportAN.Br. February
14,653
113,547
Eomsv iu Nashv 3d wk Apr 661,513 686",870 30,247,382 28.475,775 Wisconsin Cent.. 3d wk Apr 117,000 126,888 5,227,891 5,200,224
Macon & Blrm.. February..
12,240
12,198
19,805
143,991
15,266
140,645
Wrightsv AT'n.. March
Man'tee<k(«r. ita February..
13,179
4,071
56,132
651,025 523.704 6,150,683 5,574,002
94,466 Yazoo & Miss. V. March
NOANn East
202,022
117,030
120,790
March
Ala<te ViOksb'g March
Vieksb Sh & I* March
197,565
90.770
105,027
J.,874,426
1,713.041
1
.
.
W
StPM&O
,
.
.
W&
HAEW.
.
. .
.
.
W
W
l
VARIOUS FISCAL
ROADS
Gross Earnings
Allegheny Valley
Jan.
Atlanta & (hail Air Line.. Mar.
Atlantic,
to Fob. 29
to Jan. :u
a Dec. 1 U) Mar. 31
Jan. 1 In Mar. 31
Birmingham
cV
Bellefonte
<
Jew
raJ
Chicago
North West. IT... .lime.
Ohio 81 I' Minn .t Omaha.. .Ian
lumberland \ alley
Jan.
<v.-
1
1
I
<
I
m <iii
Lake
.Mam
:i 1
1011:1
Erie
tee
<fc
1
AG1
Western
.\oi
.v
North'n Jan.
1
Jan,
Eastern Jan.
ii
Manistique
Maryland
.Ian.
tfe
Pennsylvania Mar,
Missouri Pacific
< vntrai Branch
Total
(Mexican
»
lentraJ
.Ian.
1
Mexican International
.
Jan.
Jan.
Jan.
Jan.
I
I
I
I
1
to
CO
n>
Mar. 31
Mar. 31
Jan.
:;i
to Apr. 21
to Mar. 81
to Feb. 29
to Mar. 31
to Mar. 31
to Apr. 21
in
Apr.
''i Apr.
to Jan.
to Feb.
21
21
21
29
VHAICS.
ROADS
Current Year Previous Year
Decrease.
3,130.452
232,708
15,002
45,876,635
2,564,1 10
1
19.750
178,366
1,098,250
1,
70.1 17
L6.032
22.57
1
12,134,786
521.000
12,655,786
1.432.704
1,176,165
$42,015
2,199,210
(Mexican Railway
(Mexican Southern
1.8,676
ll.O1U.209
2,786.502
125,193
1.502,355
1,129,938
09,-59
11.709
25,177
11,945,083
3-3, 000
12,328,053
1.292,931
1,231,907
RRol
Mexico...
Northern Central
North shore
Penney., Easl Of I'&E...
(National
-
eWestofPA E
Pere Marquette
Phlla Baltimore
10
A
Wash..
Philadelphia & Erie
Pitts Cm chic * St Louis..
Kin Grande Junotlon
StL Vandalla A Terre Ji ..
Terro Haute A India nap ..
Terre Haute & Peoria
Texas
'Current Y«ar y Previous Year
Gross Earnings
it l'acille
West Jcrscj A Seashore...
Jan.
Apr.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Doc.
1
1
1
1
to
to
to
to
CO
to
to
to
to
to
1 to
l
to
Nov. 1 to
Nov. 1 to
Nov. 1 to
Ian.
Ian.
1 to
1 to
Apr.
Apr.
Apr.
Feb.
Feb.
Feb.
Feb.
Apr.
Feb.
Feb.
Mar.
Feb.
Mar.
Mar.
Mar.
Apr.
Feb.
9
7
2
1
29
29
29
29
21
29
29
::i
91,678,200
19,090
3.6 10.725
1,416,915
632,652
10,8 19.298
Decrease,
3,034,406
1.90 1.356
947,866
5. (134.899
29
13 1,070
31
31
21
993.163
826,662
250,297
3,619,995
29
121,354
31
91,549,500
21.810
3.213,102
1.574,515
538.435
17,790,098
45.600
3.193,951
1,972,856
1.009, 990
5,64"2,606
124,830
970,
US
775,504
240.500
3.572.894
409,854
t Results on
Monterey « Mexican Gulf arc inoluded from Maroh ., i>02.
Mexican currency.
trans-Missouri lines
11 Includes
since Feb. 10, 1903, making length 01 road on which earniags are now reported 7,357, against 5.870 miles previously, b Iucludes the Hous. <te
Tex. Cent, and its suiisnl. lines in both ye.»rs and for botn periods.
t/ Inoludes tho
Chicago & Eastern
e Co van lines directly operated.
Illinois in both year.
/ Including Sav. Flor. A West, and also Florida Southern and Sauford
w In«& St. Petersburg Rys. in both years.
* Approximate for
cludes I,ako Erie * Det. Riv. Ry. from Jan. 1 both years.
June.
a These figure* are for the oonsjlldated oompany.
Including Tifton ThOiV. & Gulf and Tiftou & Nortieadoru
;
—
..
..
.
Apr.
THE CHRONICLE.
30, 1904.J
Year.
Roads.
Hooking Valley. a.. Mar.
July 1 to Mar. 31....
rnd.
Gt. Southern..
Buffalo Rooh.
A Plttsb'K.
Canadian Northern
Canadian Paclflo.. «-....
Chattanooga Southern...
Ohio. Ind'plls
A
Loulsv..
Chicago Term. Transfer.
Cln. N. O. <te Texas Pae..
Colorado A Southern
Dsnver A Rio Grande *Detroit Southern
Dulnth 8o. Shore <fe Atl.
Evans. <fc Terre Haute.
Gr'nd Trunk of Canada >
Grand Trunk West.. >
Det. Gr. Hav. A Mllw. 5
......
Hocking Valley
International A Gt.No..
.
A Michigan...
Loulsyllle A Nashville..
Itanawba
Minn.
St. P.
Mo. Paoiflo
A 8. Ste. Ml
Iron Mt
<fe
.
. .
MobUe &Ohlo
Hashv. Chat. A St. ljouls.
National RR. of Moiloo.
Rio Grande Southern. ..
Loo Is Southwestern
St.
.
T >ledo
Ohio Central..
Toledo Peoria A West'n.
Toledo St. L. A West
<te
Wheeling
* Lab e Erie.
.
Total (46 roads)
Net deorease (3-21
*
1904.
1903.
S
56.433
35.065
121.584
54,500
939.000
149,480
1,669
133,141
98,793
27.364
115.902
96.459
292,300
25.681
44.397
3,2,023
S
55,138
36,619
142.648
43,700
856.0O0
148,550
2,537
139,338
99,092
34.085
116,011
131,309
311.400
29,011
47,418
85.831
641,576
638,815
100.213
83,938
39,908
28,131
661,515
11,059
43.113
108,667
272,782
629,000
30,000
116,543
188,291
242,858
222,408
8.220
117,954
263,432
810,373
10,416
181.759
51.318
20,167
64,123
420,761
87,091
117,000
140,563
94,013
40,572
25,192
680,370
10.376
46,554
125,732
340.555
693.000
25,000
133,680
180,561
201,001
219,175
7.795.9O0
8,054,795
lnereate.
$
1,554
21,064
8«8
6.197
299
6.721
109
31,850
19,100
3.327
3.021
3,808
2,761
40,350
10,075
664
19.355
3.441
17.075
67,773
64,000
mmmm
.
..
22,137
7,730
41,351
3,233
9,441
1,221
31,115
149,069
247,511
882.604
8,463
201,901
72.132
21,069
54,188
416,052
87,128
126,888
16,921
22,231
1,953
20,142
20,814
902
9,935
5,709
37
9,888
193,243
tlnoludes Lake Erie
452,138
258,895
statement covers
48 roads, and shows 2*78 per cent decrease in the aggregate
from the same week
final
last year.
2d week of April.
1904.
1903
Increa.tr..
9
8
Previously rep'd dlr'dsi
Chattanooga southern.
6,863,883
1,906
7,091,642
2,424
Grand Trunk
...~i
Grand Trunk West .. >
677,200
871,150
6,050
30,797
8.102
272,231
34.685
6,763
272,201
""1,339
7,854.119
8,078,866
158,620
.
Det-Gd. Hav. A Mllw. >
Gulf & Ship Island
Mob. Jaokson
Net deorease
A K.Cltvtj
(2*78
9
151,201
Decrease.
9
378,960
518
3.888
30
p. a.).
i
nr.
9
476,277
4,266,197
151,965
1,494,867
37.136
241,781
r47,242
160 517
1,320,293
213,873
1,865,220
126.480
959,509
r270.682
31.975
162,097
)
,
,,r
s
157.402
1,162,765
56,207
375,337
r63.211
ro*62,505
12,797
43,119
2,962,818 3,105,731 1,197,398 1,220,046
July 1 to Mar. 81.. -.25,714.687 22,831,596 9,896,417 7,835,317
34,168
Coal A Iron Co. b.Mar. 2,279,386 1,698.041
332,636
July 1 to Mar. 31. ...24,427.120 14.284,913 2,139,510 1,697,501
Total both Oo.'s.bMar. 5,242,204 4,803,772 1,281,566 1,562,682
July 1 to Mar. 31. ...50,141,807 37,116,509 12,035,927 9,582,818
114.S63
Mar.
110,702
Reading Co.b
1,059,325 1,028,626
July 1 to Mar. 31
1,345,929 1,663,384
Total aUCo.'o.b.. Mar.
13,095,252 10,561,444
July 1 to Mar. 31
36,758
36,709
f 11,027
f 11,012
Rto Grande Junot.. Feb.
134,676
124,830
f 87.449
f 40.403
Deo. 1 to Feb. 29....
79.141
84,893 def. 6,525
22
San Fr.A N. Pao.a.Mar.
961,958
204,104
258,784
July 1 to Mar. 31.... 1,010,405
287,824
297,018
51,955
73,191
Toledo <bO. Cant.a.Mar.
599,037
475,631
July 1 to Mar. 31 ... 2,767,901 2.405,706
Mar. 1,750,617 1,706,631
216,753
460.14 9
Wabash.b
July lto Mar. 31. ...17,311,699 15,741,282 3,964,185 4,386,022
519,030
568,414
139,333
213,353
Wisconsin Centr'l.bMar.
July lto Mar. 31.... 4,871,291 4.896,753 1,520,099 1,774,151
xl9,805
X15.266
8,748
4,777
Wrightsv.&Tenn.bMar.
41,727
60,491
July lto Mar. 31.... xi40,615 X143.991
a Met earnings here given are after deducting taxes.
b Set earnings here given are before deduetln g taxes
& Detroit
Rlv. RR. In both years.
For the second week of April our
)
:
.
683
5,000
nr.
9
,
,
Reading company—
Phila.&Read'e.b.Mar.
2,939
•»«•«•••
Iowa.a..Mar.
<
Prt vim
27,484
21.948
7,678
Jan. lto Mar. 31
1,039
87,593
62,123 def.22,907
July 1 to Mar. 31 ...
667
Lehigh Valley RR.— See detailed statement below.
42,105
Lexlng'n* East. b.. Mar.
50,768
15,583
25,499
474,388
404,630
125,769
July 1 to Mar. 31 ...
166,368
22,571
25,177
Maryland & Penn.. Mar.
4,451
7,369
235.463
Minn.&St.Louls.a.Mar.
235,868 vl01,657 vl08,025
2,216.374 2,546,821 v886,013 vl001,608
July 1 to Mar. 31
332.207
cSat'lRR. of Mex..Mar. 1,043,790 1,007,683
407,624
876,318
Jan. 1 to Mar. St.... 2,947,496 2,640,472
890,071
534,261
111.698
557,227
». Y. Ont. A West.aMar.
153,368
July 1 to Mar. 31.... 4.905.310 4,357,911 1,070,026 1,078,957
227,386
275.577
88,201
S. Y.Sus. A West.a.Mar.
127,167
728,509
July 1 to Mar. 31.... 1,916,608 1,814,181
725,713
456,715
424,113
Paolfto Coast Co.. aMar.
86,013
102,522
4,345.797 4,117,024
811,348
July 1 to Mar. 31
802,836
930
••••••••
&
1
Current
Champlaln A Morlahb—
L.
10.800
83,000
p. o.)
Includes Rio Grande Western.
Deerecue.
9
>-•• ..••
111.
July 1 to Mar. 31....
Iowa Central. a ...Mar.
July 1 to Mar. 31....
Kanawha* Mich. a.Mar.
July 1 to Mar. 3i....
1.295
.......
$
463,459
4,482,569
119,761
1,187,842
216,087
1,829,496
147,663
1,255,250
543
Ket Earnings,
,
,
last year.
3d week of April.
1
dross Earnings, —
—Current
Prwious
Latest tiroes Earnings by Weeks.—In the table whioh
follows we sum up separately the earnings for the third
The table oovers 46 roads and shows
we^k of April.
3 '21 per cent deorease in the aggregate from the same week
Alabama
.
383.366
224.746
U Figures are for week ending April 16.
c These figures are in Mexican currency, and are convertible into
gold at the ourrent rate of exchange.
f Thirty per cent of gross earnings.
r For March additional inoome is deficit $9,703 this year, against
$4,888 last year. From July 1 to March 31 additional inoome this
year is $33,706 against $64,209 last year.
a rhese figures are for the consolidated company, including the
Tlfton Thomasvllle A Gulf and Tlfton & Northeastern.
v For March additional Inoome is $2,754 this year, against $7,049
last year. From July 1 to Maroh 31 additional Inoome is $98,737
this year, against $123,361 last year.
x Includes $386 " other Inoome" for March this year, against $460
last year. From July 1 to Maroh 31, other inoome included, amounts
to $4,717 this year, against $4,085 previous year.
Maroh, 1904, taxes and rentals amounted to $206,744,
t For
against $187,364, after deduotlng whioh net for Maroh, 1904, was
$1,850,310, against $1,628,194. From July 1 to Maroh 31, 1904,
raxes and rentals amounted to $1,746,625 this year, agst. $1,610,452
last year, after deduotlng whioh, balance is $18,673,507 this year
against $16,858,771.
Interest Charges and Snrplms*— The following roads, In
Net Earnings Monthly to Latest Dates.—The table follow addition to their gross and net earnings given in the foreng shows the gross and net earnings of Steam railroads going, also report oharges for interest, etc, with the surplus
reported this week. A full detailed statement, including all above or deficit below those oharges.
roads from whloh monthly returns oan be obtained, is given
Int.. Rentals, etc.
2fet Ram'gs.—.
/—Bal.
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Apr. 23,
1904.
The next will appear in the issue of May 21, 1904.
—Current
Gross Earnings. —
Previous
,
.
Roads.
Tear.
Tear.
$
$
Xet Earnings.
Previous
Current
Tear
$
,
Tear.
$
Atch.T.*8. Fe.b..Mar. 5.529,512 5,257,313 t2,057,054 tl,815, 558
July lto Mar. 31
52,095,971 47,158,544 t20420182 118499223
Knox. A No. a. Dec.
Month of Jan.
Month of Feb
Atl.
56,355
55,349
52,782
56,212
55,00a
51,256
July 1 to Feb. 29....
480,315
457,405
Atlantic A B.JJy.a.Mar.
61,147
Deo. 1 to Mar. 31....
282,708
Bufl. R. A Plttbs.b.Mar.
642,919
632,272
July 1 to Mar. 31.... 5,668,175 5,467,893
Buffalo A B'squeh.aMar.
72,908
85,728
July 1 to Mar. 31....
722,441
746,765
Canadian Northern. Feb.
175,100
147,750
Joly 1 to Feb. 29.... 2,114.900 1,426,650
Canadian Paciflc.a.Mar. 3,582,187 3,615,752
July lto Mar. 31.... 33,877,136 32.106,405
Cent, of Georgia. a. Mar.
826,474
852,353
July 1 to Mar. 81.... 7,417,021 7,188,259
Cnesap. A Ohlo.b..Mar. 1,657,826 1,603,769
July 1 to Mar. 31....14, 299,907 12,085,059
Detroit A Maok'o.aMar.
103,247
75,866
July 1 to Mar. 8i....
717,147
692,645
Erle.a
Mar. 8,621,333 3,965,958
July 1 to Mar. 31. ...33,423,235 38,068,069
Farmv.&Powh't'naFeb.
5,001
5,871
July 1 to Feb. 29
62,086
51,050
1,110
8,890
10,554
86.850
16,884
55,551
275,145
2,406,696
25,407
246,825
51,800
def.5,682
8.630
9,626
76,113
def.3,749
Roads.
Atlantio&Birm
Mar.
Deo. 1 to Mar. 31
Buffalo &8'squeh..Mar.
July 1 to Mar. 31....
Booking Valley
Mar.
July 1 to Mar. 31....
Indiana 111. Ala.... Mar.
July lto Mar. 31....
Kanawha AMioh... Mar.
July 1 to Mar. Si....
Champlaln
L.
273,422
2,344,708
35,759
336,018
50,100
502,610
725,500
850,854 1,258,560
9,959,096 11,714,264
197,379
262,352
1,847,009 1,868.646
587,429
690,413
4,834,335 4,100,631
50,345
21,409
225,748
232,303
698,674 1,268,602
7,386.584 10,642,197
def.142
def.310
1,3b
—
Current
Previous
of
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
$
$
$
.
9,167
35,042
12,459
110,679
77.803
740,756
17,833
160,500
20,785
185,042
7,667
20,509
"34,013
*25,133
*257,531
"297,209
89,901
77,910
1,106,299 1,135,728
19,303
38,314
214,837
81,281
"12.018 *def.4.984
12,256
111,035
82,429
759,018
17,833
160,500
18,293
143,036 "df.17,422 'df.94,842
A Morlah—
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
Maryland* Penn.. Mar.
N. Y. Ont. A West... Mar.
July 1 to Mar. 31....
694
2,082
2,875
g59,745
(513,853
"399
*7,062
694
2,082 *df.24,l99 "def.1,214
4,494
1,576
2,875
89.044
61,958
g6l,324
515,066
556,163
g563,891
Heading—
All companies.... Mar.
888,000
July 1 to Mar. 31.... 7,992,000
MoGrande Junot. ..Feb.
7,708
23,126
aanFran.&No.Pao.Mar.
22,583
July 1 to Mar. Si....
203,250
coledo&Ohlof!en..Mar.
88,957
July 1 to Mar. 31....
854,630
Wisconsin Central.. Mar.
147,691
July 1 to Mar. 31.... 1,314,766
Deo. 1 to Feb. 2tf....
"
767.663
895.721
457,929
8,061,490 5,103,252 2,499.954
3,304
3,319
7,708
14,324
17,278
23,125
22,675 def.29,108 def.22,653
54,709
864
204,075
"31,550
*20,261
42,538
"125,961
"821,440
363,116
"69,233
*def.6.097
146,625
"488,566
"242,781
1,319,573
After allowing for other inoome reoelved.
are net oharges after allowing for other Inoome reoelved.
g These
—
1
..
...i.....
..
..
.
.
.
,
THE CHRONICLE.
1544
Lehigh Valley Baihoau Compawt.
ifarch.
,
.
—July
Latest
1 to Mar. 31.
1904.
1903.
1904.
9
9
9
[Vol. lxxviii.
Gross
—
Gross Earnings.
i
9
18,748.507
14,077,603
1,085,088
19,198
1,170,874
95,036
7,978,417
405,009
4,670.904
368,562
Totallnoome
1,104,286
1,265,910
8,383,426
5,040,466
497,539 4,375,167
94,000
719,000
4,451,392
930,000
9
Previous
Tear.
I
,534,044 497,947 1,543,357 1,415,934
Va. Pass. A Pow. Sys.
Va. Pass. A Pow.Co February.
Bioh. Pass. A Pow. February
|
113.464
68,189
44,716
230,258
58,741
34,867
21.273
18,963
February
Klohmond Traot
16,775
217,660
Wash. Alex. & Mt V Deoember.
dl42.374
14,1541
January
West Ohio By
110,630
37.618J
Foungs town-Sharon Maroh
Spanish silver.
These are results for properties owned.
c Results for main line.
d These totals are from July 1.
_
.
_ , . _ _,
n These earnings lnolude the Detroit united By., Detroit <s fort
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
u Decrease due to boycott by colored patrons.
v These figures are for nine months from June 1 to Feb. 29.
.
Int.,
9
9
Hnited of San Fran.. Maroh
j
Net earnings
Other income
taxes (est.) and
480.858
other dednotions
Addlt'ns Almprovem'ts. 257,666
j an. l to Latest Date
Ourrent
WeekorMo <£££' PreVut
Tear.
Tear,
Earnings.
1903.
2,694,486 2,808,080 21,950,351
GroBB earnings
Operating expenses. ...1,609,338 1,632,206 14,001,934
I
t
II
Netinoome
Net inc. Lehigh Val. and
oth. oomr'll'd coal cos.
Total netinoome....
591,540
738,525
Total deductions....
5,094.167
5,381,392
365,761
674,371
3,289,259
d;.340,926
66,185
10,142
617,860
378,836
431.946
684,513
3,907,119
37,910
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Groit Earning*.
6BOSS
EARNINGS.
Albany
Week or Mo
A Hudson
AmeMoan
B'ys. Co.
||
.
Boston <fe Worcester..
Burllngt'n(Vt)Trac.
Gas A Electric.
Cent. Penn. Traot
Prev'us
Year.
. .
A Mil. Eleo.
Cin. Davton <feTol.Tr.
Oln. Newp. & Coving.
Chicago
February
17,948 16,965
March
103,622 97,566
March
24,382
Mareh
17,031 16,975
February
17,226
Maroh
5,084 "5,177
February.. 273.466
Maroh.
41,494 36,816
Maroh
22,839 13,355
Maroh
33,760 37,851
Light <fe Traction... February.
Citizens' By. <fe Light
(Musoatine, Iowa).. Maroh
94,476
Jan. 1
to
Latest
86,262
Da
e
Ourrent Previous
Tear.
9
t
...
Anr. Elgin A Chlo. Ry
Bingham ton 8t. Ry.
Cal.
Our'nt
Tear.
35,975
295,543
66,839
49,659
31,341
14,748
549,979
112,286
59,873
95,855
193,797
Tear.
9
34,881
269,265
--••
...
48,76 i
107,902
36,035
101,384
180,475
.
* Land Co
March
Houghton Co. 8t. By Fenruary
Houston Eleo. St. By. February
Indianap.
March.
A East. By. Maroh
27,164
11.166
1126,468
76.519
15,008
.
mdlanap. Shelby vtlie
<fe Southeastern Tr.
February.
Internat'l Traot. Co.
21,342
13,247
28,337
51.251
9,562
78,039
25.596
u53,905
60,129
26,387
59.386
42,341
24,387
11,958
5,790
System (Buffalo)... Maroh
Jacksonville Eleo. Co. February..
Kansas City By.& ut.
L%ke Shore Eleo. Ry
Lake Street Elev c .
.
Lehigh Traotlon.
Lehigh Val. Trac. Co.
315,022 295,916 896,341
21,101 17,302
February.. 297,386
v2.879.081
Maroh
41,772 42,309 110,902
Maroh
70,562 70,264 196,567
March..... 10,573
9,781
30,160
Street By. Dep
March.....
Electrio Light Dep. Maroh,
52,278 60,636
13,783 12,711
Maroh.
23,369 21,081
By.(Can.)
LondonSt.
Maroh
11,937 11,534
Mad. (Wis.) Traction. Maroh
6,889
6,278
Elev..
Side
West
Met
Maroh..... 189,8*6 180.911
Rv.&Lt.Oo
Eleo
Mil.
Maroh.
255,670 236,488
MIL Lt. Heat A Tr. Co. March..... 29,264 27,892
Montreal Street By.. Maroh.
184,858 171,902
Muncle Hartford <fc
Ft. Wayne
March.
12,654
Lexington By
Mask. Tr. A Light. Co.
Street Ry. Depart. Maroh
Electric Light Dep. Maroh.
Gas Department... Maroh.....
New London St. Ry
Nor. OhloTr. A Lt. Co
Northern Texas Trac
Northwestern Elev..
Oakland Trans. Cons
Olean St. Railway..
Orange Co. Traotlon.
Oreg. Wat. Po. A Ry.
5,745
5,609
2,718
2,996
3,626
3,991
Maroh.
4,120
3.994
Maroh
62,110 61,609
Mat oh...., 44,251 34,643
Maroh.
115,283 108,609
January .. 94.511 80,171
March
7,365
6,370
March
6,818
6,668
.January .. 23,002 13,422
February
7,765
6,652
Maroh
13.987 13,137
March.
20,162 21.209
Maroh
1,866
1.922
March
117,249 100,436
Peeki.L't'KARR.Co.
Pottsv. Onion Traot.
Rys Co.Gen.— Roads
LlghtOo'B
Rochester Railway
Rookiord Beloit A
Janes vllle...
February
St Joseph (Mo.) By.
Lt. Heat A Pow. Co. Maroh.
Maroh.
St. Louis Transit
San Bernardino Val.
Tract Co
Maroh....
San Fran. Oakland A
January ..
San Jose
Sao Paulo (Brazil
Tram. L't A Po. Oo. Maroh
Savannah Elect. Oo. February
Soranton Rallwav... FebruaryFebruary .
Seattle Electrio Co.
South Bide Elevated Maroh
.
.
Springfield
A
February..
LlghtOo
Bprlngfl'd A Xenla Tr Wk Apr 24
Syracuse Bap.Tr By February
.
Tampa
February..
Kleotrlo Co.
Terre Haute Eleo. Co. February
Tol. Bowl.Gr.A Bo.Tr Maroh
Toledo Bys. A Light. Maroh
.
.
February..
Toledo A Western..
Wk Apr 23
Toronto Railway
Twin City Bap. Tran. 3d wk Apr.
.
Onion Trac
7,524
8,055
147,594
44,018
32,662
20,753
536.782
753,484
86,998
537,251
859,473
109.089
198,324
28,254
164,844
40,995
34,332
18,226
524,537
698,070
81,319
485,845
35,501
of Ind.. January
.Ian nary
fTn'onlN. Bedford*
Roads.
Alb'nyAHud.RRaFeb.
Jan. 1 to Feb. 29....
Aurora Elgin A Chicago By
...Mar.
June 1 to Mar. 31....
Binehamton Ry.b..Mar.
Oct 1 to Mar. 31....
Boston A Woroester. Feb.
Jan. 1 to Feb. 29....
California Gas A ElecFeb.
trio Corp.a
Jan. 1 to Feb. 29....
Pennsylvania
Mar.
TraetionCo
..
..
ings.
,
Xel
Pre viotis
Tear.
Year.
Year.
Year.
$
9
9
17,948
35.975
24,382
352.149
17,031
104,338
17,226
31,341
Earnings.—^
Current
16,965
34,881
2,149
3.576
4,684
9,149
16.975
100,127
5,690
166,068
6,421
41,742
7,181
38,776
663
1,923
123,868
252,617
273,466
549.979
Ohio.* Milw. Eleo.Mar.
Jan. 1 to Mar. 31....
Cincinnati Dayton <fe Toledo Tractlon.b... Mar.
June 1 to Mar. 31....
Cin. Newp. A Cov. Lleht
Feb.
ATraotlon.a
Jan. 1 to Feb. 29....
Clev.Painesv.*E...Mar.
Jan. 1 to Mar. 31....
Cleveland Southwest'n—
Mar.
Traotlon Oo
Jan. 1 to Mar. 31....
41,494
112,288
22,839
59,873
36,816
107,902
13,355
36,035
3,860
1,902
12,746
28,384
11,618
30,480
7,038
17,330
33,760
423,809
37,851
404,051
6,225
178,999
14,608
179,466
94,476
193,797
14,968
38,383
86,262
180,475
14,859
38,039
38,115
77,537
5,566
11,059
35,019
71,294
5,409
13,236
33,860
89,167
31,546
83,729
9,339
19,640
12,922
28,032
55,208
40,803
20,946
14,640
330.155
922,741
48,086
135,462
327,626
923,644
47,889
131,324
105,759
266,314
16,655
47,583
132,300
355,274
19,374
46,872
18,697
97,083
184,155
34,543
102.368
344,680
16,774
78,015
142,770
82,824
96,101
319.W78
8.725
50,131
94,063
11,304
34,821
137,052
6,164
36,969
08,048
12,851
35,909
134,076
11,166
25,596
26,468
58,905
76,519
15,008
42,341
18,247
26,387
28,337
59,886
51,251
9,562
24,387
def.926
2,385
8,258
9,763
21,059
23,186
4,400
8,476
Danvi lie Urbana & Champaign. a
Detroit United
Feb.
By.n
(all
Mar.
properties). a
Jan. 1 to Mar. 31....
Duluth Street By. b.Mar.
Jan. 1 to Mar. 31....
Dunkirk A Fredonlab—
Jan. lto Mar. 31
St. Louis A Sub. Mar.
Feb. 1 to Mar. 81....
15,879
9.092
11,805
11,973
178,600
117,215
830,179
94.511
80,990
18,657
23,002
16,398
17,291
10,520
18,025
11,238
176,097
90,39
315,754
80.171
17.243
18,091
13,422
14,666
Elgin Auro. ASo.b. Mar.
Jan. 1 to Mar. 31....
July 1 to Mar. 81....
Elmlra Water L'ht A BE h-( Street Railway Department only.)
10,487
9,875
40,266
41,284
Jan. lto Mar. 31
38.699
37,961
134,970
146,455
Jury 1 to Mar. 31
20,545
21,587
47,468
62,100
Gr. Bapids (Mich.). Feb.
25,423
22,035
50,112
57,765
Month of Mar.
Honolulu Bapid Transit
8,042
10,187
21,342
Mar.
27,164
A Land. b
24,822
29,631
60,129
78,039
Jan. 1 to Mar. 31....
54,961
5,884
339,677
57.266
6,099
298,011
Houghton County St. By.
14,987
16,265
51,115 42,695
645,482 568,731 1,778,838 1,573,263
10,296
28,811
30,048
30,048
127,000 110,817
38,607 35,298
68,830 62,412
171,743 155,164
148,448 136,383
G7~oss
Central
East
368.354
78,341
116,080
361,556
410,207
312,723
78,820
111,017
329,230
399,018
By..
(111.)
—CurrentEarnPrevious—
i
Jan. 1 to Mar. 31....
Tr.
Illinois Traotlon Co.
quarterly returns.
14,592
21,«40
7,235
23,712
7,171
Cleveland Electric
February.. 317,399 328,088
649,490 688,717
33.S60 31,546
Cleve.A 8cW.ir.Co.. M*roh
83,729
89,167
Cleve. Palnsv. <& E... Maroh
14.9*8 14.359
38,039
38,383
Dan. Urb. A Champ. February.. 55,208 40,803
Dart. A W'portSt.By January ..
6.745
6,745
7,476
7.476
Detroit United Ry..n 3d wtt Apr 75.114 75,776 1,149,720 1,146,771
Dulnth Street By
3d wk.Apr 11,941 12,410 171,623 167,601
East St. Louis <fe Sub. Maroh..... 97,033 78,015
Elgin Aurora <fe Sou. Maroh
34.543 32,824
96,101
102,368
Grand Rapids Ry
March..... 57,765 50,112
Havana Lieu. Ry.Co. Wk Apr 24 1 3 1,967 127,978 (412,110 1426,905
Honolulu Rapid
Street Railway Net Earnings.— In the following we
show both the gross and the net earnings to latest dates of all
Street railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month (on the last Saturday
of the month) we bring together all the roads reporting as is
done to-day. Besides the companies furnishing monthly
returns we have added this time the reads which make
46,713 42,045
98,926
85,720
868
840
13,132
12,386
63.927 58,994
131,098
124.824
26,613 22,47d
51,600
45,052
40,308 81,620
81,496
65,155
19,308 12,434
58.309
61,237
138.666 127.012
400,220 367,654
12,809
26.175
43,667 86,061
673,387 594,750
76,900 71,373 1,221,512 1,134,976
88,000 75,181
88,000
75,131
25.615 26211
25.615
26.211
(Hancock, Mleh.). Feb.
Jan. 1 to Feb. 29....
Houston Elect Co.. Feb.
Jan. 1 to Feb. !i9.
Illinois
Trac Co.... Mar.
A East By.Mar.
Ind'p'lis
Jan. 1 to Mar. 31
International Traot Co.
315.021
8yHtem(Buffalo) b.Mar.
896,340
Jan. 1 to Mar. 31....
July 1 to Mar. 81.... 3,071,106
21,101
Jaoksonv. Eleo. Co. Feb.
682
6,191
13.024
34,734
6,757
16,534
125,622
99,757
295.916
864,565
280,026
859,473
2,783,163 1,290,014 1,288,600
7,614
4,980
17,302
86,776
297,386
Ry.&Lt.aFeb
Kan. City
1,108,710
June 1 to Feb. 2^.... 2,879,051
6,778
32,140
32,030 def.4.767
Lake Sh. Eleo. By.aFeb.
10.450
5,777
42,309
41.772
Month of Mar
19,825
187
109,089
110,902
Jan. lto Mar. 81....
3,302
4,472
9,781
10,573
uehlgh Traotlon. a. Mar.
7,864
28.254
6,464
30.160
Jan. lto Mar. 81.
6,760
7,587
21,081
28,369
Mar.
Lexington By. b
3,541
1,501
12,132
11,409
Lond.St.By.(Can.)aJan.
b—
Long Island Electric
def.115
def.701
17,761
17,953
Jan. 1 to Mar. 31....
21,734
26,634
81,064
91,154
July 1 to Mar. 31....
2,394
2,489
6,278
6,889
Madison Traotlon.. Mar.
5,160
7,682
18,226
20,753
Jan. 1 to Mar. 81....
—
. .
.
—
Apr.
,
THE CHRONICLE.
30, 1904. J
— Gross Earnings. —
>
Current
Previous
Year.
Year.
Xel Earnings.
Current
rtviotU
—Int., Rentals,
_
Year.
Year.
Roads.
Roads.
A
Milwaukee Eleo. Ry.
236,488
698,070
113,387
336,085
110.874
327,702
Mar.
29,264
Traotion Oo.b
86,998
Jan. 1 to Mar. 31....
Mar.
184,858
Montreal St. Ry
1,122,679
Oct 1 to Mar. 31
Mancie Hartford <fc Port
Mar.
12,654
Wayne a
35,501
Jan. 1 to Mar. 31
4,120
New London 8t.Ry.Mar.
11,973
Jan. 1 to Mar. 31....
27,892
81,319
171,902
1,017,491
10,957
33,487
36.782
856,346
11.858
30.578
53,225
365,435
Jan. 1 to Mar. Si
Milwaukee Light, Heat
A
—
New York A Queens
1 to Mar. 31
July 1 to Mar. 31
North. OhloTrao.&Light
Mar.
Oo.a
Jan. 1 to Mar. 31....
North. Tex. Traot. b Mar.
Jan. 1 to Mar. 31 ....
Olean St. Ry. Co... Mar.
Jan. 1 to Mar. 81
Orange Oo. Tract. ..Mar.
July lto Mar. 31....
5,857
14.862
3,994
11,238
828
876
145
274
119,631
457,211
115.139
442,582
26,475
184,814
24,376
169,088
62,110
178,600
44,251
117,215
7,365
20,990
6,818
83,484
61,609
175,097
34,643
90,391
6,370
17,243
6,668
77,499
25,493
70,731
18.951
43,639
8,028
8,808
26,248
72,479
18,041
42,459
2,931
7,709
1,282
28,501
7,760
Jan. lto Mar. 31
34,616
July 1 to Mar. 31....
7,755
PeeksKlll Lt.&RR.aFeb.
16,398
Jan. 1 to Feb. 29
117,249
Roohester Ry. Co. b Mar.
339,677
Jan. 1 to Mar. 31
1,008,531
July 1 to Mar. 31
Rook ford Beloit& JanesFeb.
7,524
ville
14,987
Jan. 1 to Feb. 29....
def.18
19,151
def.72
6,761
27,460
6,652
14,666
100,486
298,011
878,916
10,375
2,091
4,999
50,506
133,260
460,876
1,469
4,011
46,681
140.107
428,089
8.055
16,265
1,821
3,273
3.726
7,850
42,695
22,228
17,301
def.242
4,987
Joseph Ry. Light Heat
A Power
San Bernardino
Traotion Co b
Month of Mar
Mar.
Valley
51,115
Feb.
8,939
10,296
28,811
4,056
4,529
12,657
30,048
15,801
.
Jan. 1 to Mar. 31....
San Fran. Oakland & 8an
Jan.
Jose Ry
Sao Paulo (Brazil) Tramway L't&Pow.Oo.Mar.
Jan. 1 to Mar. 31
Savannah Eleo trio. Feb.
Jan. 1 to Feb. 29
Feb.
Soranton Ry. Co
Jan. lto Feb. 29....
Seattle Electric Co. Feb.
Jan. 1 to Feb. 29....
Springfield (111.) Railway
Feb.
& Light Co
Jan. lto Feb. 29....
—
July 1 to Feb. 29....
Jan.
Elect. Co... Feb.
1 to Feb. 29
Terre HauteEleot..Feb.
Jan. 1 to Feb. 29....
&
Bouth'n Tract.. Feb.
of Mar
Jan. 1 to Mar. 31....
Month
Toledo Rys.&L'ht.aMar.
Jan. 1 to Mar. 81....
Troy
127,000
368,354
38,607
78,341
58,830
116,080
171,743
361,556
110,817
312,723
35,298
73,820
52,412
111,017
155,164
829,230
82,000
245,842
15,214
80,001
19,247
32,770
50,997
102,930
77.815
217,668
12,070
25,060
17,609
37,540
43,293
78,856
46,713
98,926
63,927
556,031
26,613
51.600
40,308
81,496
42,045
85,720
58,994
495,035
22,473
45,052
31,620
65,155
15,463
33,636
23,766
238,884
11,793
18.863
9,911
21,282
15,669
31,856
24,721
221,207
10,787
19,850
7,153
15,124
19,254
19,308
58,309
188,665
400,220
18.012
22.434
61,237
127,012
367.654
3.246
4,429
12,043
60,807
176,453
4,518
9,296
20,760
61,560
178,690
Green
Toledo Bowling
A New England b—
Jan. 1 to Mar. 31....
July 1 to Mar. 31
Twin City Rap.Tr.bMar.
Jan. 1 to Mar. 81....
Passenger
Viigima
Power SyBtem—
3,458
21,994
3,501
20.665
343,302
988,073
319,556
913,995
157
859
8,917
178,895
507,412
3,537
166.252
471.666
A
Va. Pass. & Pow.bFeb.
Jan. 1 to Feb. 29
Rich. Pass. & P b Feb.
Jan. 1 to Feb. 29
35,900
68,571
10,232
18,189
3,491
8,226
5,304
72,184
58.741
113,464
34.867
68,189
21,273
44,716
14,154
142,374
.
Riobm'nd Traot. t> Feb.
Jan. 1 to Feb. 29
Western Ohio Ry...Jan.
July 1 to Jan. 31....
St. Ry.
(Hancock, Mich.) Feb.
.
Jan. 1 to Feb. 29....
Honston Elect. Oo. Feb.
Jan. 1 to Feb. 29....
Ind'p'lls A East. Ry .Mar.
Jan 1 to Mar. 81
International Traot. Co.
System
Milwaukee Eleo. Ry. A
Mar.
Light Oo
and Surplus.— The following Stbebi
-
Roads.
ElecFeb.
Jan. l to Feb. 29....
Cincinnati Dayton & Toledo Traotion
Mar.
June 1 to Mar. 31....
Oin.
&
Int.,
Rentals,
etc.
— ^Bal.of
Xel Earn'gs.—.
Previous
Current
Current
Previous
Year.
Year.
Tear.
Year.
$
$
$
<p
$
$
90.316
267,669
16.505
49,325
82,534
244,739
15,204
45,544
19,495
9,897
150
52,808
124,387
4,070
def.1,792
1,828
8,187
6,267
7,751
14,905
4,167
12,500
137,633
2,929
5,858
6,250
12,500
2,083
6,250
def.4,113
def. 5.685
def. 1,6 60
def. 1,881
2,590
4,034
def.544
def. 2, 600
3,513
8,559
2.317
2,226
2,412
130,362 def.87.876 def.5,240
378,303def.l20,801 def. 18,737
1,153,858
92,742
135,742
2,917
4,368
2,063
20,371 def.25,138 def.14,592
20,371 def.14,594 def.9,921
57,408 def.60,925 def.37,683
2,205
def.911
1,336
8,882
27,019
8,879 Mef.9,343 *def.8,822
*497 *def.4,680
26,922
74,050
220,604
70,714
209,900
Milwaukee Lt. Heat A
Mar.
Trao. Co
Jan lto Mar. 81
Mar.
Montreal St. Ry
Oct. 1 to Mar. 31
New York A Queens Oo.
15,441
44.934
19,809
105,598
12,493 *def.4.484
*def.635
36,723 "df. 11,427 *def.6,130
18.432
16,973
84,793
100,139
250,748
265,296
49,099
147,854
48,233 *df.20.873 *df.22,625
144,637
*43,769
*28,327
1 to
Jan 1 to Mar. 31....
July 1 W> Mar. 31
Northern Ohio Traotion
Mar.
A Light Oo
Jan 1 to Mar. 31....
North. Texas Traot. Mar.
Jan. 1 to Mar. 31
Mar.
Olean Street Ry
Jan 1 to Mar. 31....
22,467
67,599
9,908
28,575
2,452
7,327
21,083
63,275
9,018
26.970
2,040
8,026
*40,256
*118,823
8,026
3,132
9,043
15,064
576
1,481
*41,036
*120,471
5.165
9,204
9,023
15,489
891
def.317
Jan
1 to Mar. 31....
July 1 to Mar. 31
Roohester Ry. Co... Mar.
Jan. 1 to Mar. 31
July 1 to Mar. 81
Rookford Belolt A Janesvllle
Feb.
Jan 1 to Feb. 29.
San Bernardino Valley
Traotion Co
Feb.
Month of Mar.
Jan 1 to Mar. 81....
San Fran. Oakland A San
Jose Ry
Jan.
Savannah Eleotrlo.Feb.
Jan 1 to Feb. 29....
Soranton Ry. Co
Feb.
Jan 1 to Feb. 29....
Seattle Eleo trio Co. Feb.
Jan 1 to Feb. 29
Syracuse Rapid Tr.Feb.
July lto Feb. 29
Tampa Elect. Co. Feb.
Jan 1 to Feb. 29
Terre Haute Elect.. Feb.
Jan 1 to Feb. 29
Toledo Rys. &Lt....Mar.
Jan 1 to Mar. 31....
54.057
113,707
16,318
161,389
15,967 def.10,093
17,610
161,640
def.1.359
17,161
35,171
14,024
29,313
20,954
42,366
20,995
41,981
3.401
10,320
26,240
78,585
233,129
2,708
5,416
3,897 'def.3,473 def.3.639
*165 *def.5,841
10,328
*24,656
25,451
*21,486
76,408
•55,842
*64,855
*232,650
229,861
*202,479
2,500
5,000
2,767
2,681
8,127
def.887
def.2,143
1,226
2,850
1,289
1,848
4,530
6,912
10,187
20,750
18,711
37,421
23,488
46,676
20,249
162,250
2,122
4.250
9,401
18,930
41,971
124,874
152^200
1,976
3,946
6,469
13,011
40,715
119,738
1,483
4,670
t90,275
t267,498
1,483
4,629
t78,400
t235,200
9,583
19,168
19,786
39,671
23,672
47,115
8,889
5,027
9,251
536
def. 4,651
27,509
56,254
3,517
71,634
9,671
14,613
2,487
5,894
def.2,177
def.2,031
19.621
31,741
69,007
8,811
15,904
510
684
2,302
18,836
51,579
2,118
20.845
58,952
& New Englanddef.1.326
def.624
def. 753
def. 1,092
88,620
239,919
87,852
236,466
Jan
A Pow..Feb.
1 to Feb. 29
Rich. Pass.&Pow.Feb.
Jan 1 to Feb. 29
Richmond Tract.. Feb.
Jan 1 to Feb. 29
65.138
130,047
22,163
44,705
4,797
9,749
def.29,238
def.66,476
def. 11, 931
def.26,516
def. 1,306
def.1,528
After allowing for other lnoome reoeived.
Fixed oharges include dividend on preferred stook.
n These earnings lnolude the Detroit United Ry., Detroit <fe Port
Huron Shore Line and the Sandwioh Windsor & Amherstburg Ry.
*
ANNUAL REPORTS.
69.811
138,910
Newp. A Cov. Light
Traotion
Feb.
Jan. 1 to Feb. 29....
$
1
sarplus or deficit above or below those ohargea.
Corp
liar.
$
Power System -
railways, In addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
tric
Year.
Mar. 31....
Jan
Va. Paes.
earnings include the Detroit United Ry., Detroit A Por
Huron Shore Line and the Sandwioh Windsor A Amherstburg Ry.
A
(Buffalo).. Mar.
Lond.St.Ry.(Can.)..Jan
Long Island Electrlo Jan 1 to Mar. 31....
guly lto Mar. 31....
n These
Oas
Year.
400,827
Jan. 1 to Mar. 31
July 1 to Mar. 31.... 1,197,272
Jaoksonv. Eleo. Co. Feb.
3,146
20,371
Lake 8h. Elect. Ry.Feb.
Month of Mar.
20,371
61,112
Jan 1 to Mar. 31....
1 to Mar. 31....
July 1 to Mar. 81
Twin City Rap. Tr...Mar.
Jan 1 to Mar. 31....
Vlreinla Passenger A
14,389
41,244
37,619
110,630
a Net earnings here given are after deduotlng taxes.
b Netearnings here given are before deduotlng taxes.
California
Previous
Year.
A Fredonla—
Jan
Mar.
Lt. Oo.a
Jan. 1 to Mar. 31
interest Charges
A tl Earn'gs.—*
Current
1,793
Jan. 1 to Mar. 31
1,787
6.932
4,877
9,133
Elgin Aurora & So. Mar.
9,216
2,171
3,635
27.522
27,648
Jan. 1 to Mar. 31....
7,299
8,261
82.640
81,946
July 1 to Mar. 31
54,412
52,180
Elmlra Water L'ht & RR. - (Street Railway Department only.)
12.268
11,746 *def.l,419 *def.2,057
Jan. 1 to Mar. 31
36,803
July 1 to Mar. 31....
35,398
*def.700
*3,403
Honolulu Rapid Transit
Mar.
4,377
2,984
A Land
6,140
5,163
13,129
9,312
Jan. 1 to Mar. 31
17,418
15,615
Troy
Youngs town- Sharon Ry.
A
,
Oswego Traction—
Byraouse Rap.Tr.bFeb.
Tampa
— <—Bal. of
Previous
Houghton County
b—
Oswego TraotiOD
Mar.
properties)
Jan. 1 to Mar. 81....
Dulath Street Ry. Mar.
Jan. 1 to Mar. 31....
Dunkirk
etc.
Current
(all
. .
Co.b-
Jan
n
Detroit United Ry.
255,670
753,484
Mar.
Light Co..b
St.
1545
17,826
Annual Reports. — The index to annual reports is omitted
week because of the publication of the Railway and
Industrial 8ection, which contains references to tne reports
this
of the principal steam railroads and industrial companies
printed in the Chronicle, not including to-day's issue.
-
)
THE CHRONICLE.
I.j40
General Electric Company.
("Report for the year ending Jan, SI, 1904,
The report for the year 1908-04 is published at length on
pages 1554 to 1557. Following are comparative statements
tor four years past compiled for the Chronicle
INCOMK ACCOUNT.
190001.
1901 02.
1903-94.
190203.
$
Receipt*—
$
$
Hales
41,699,618 36,685,598 32.338.037 28,783,276
:
Roy's & sun. prof.,
780,797
194,745
138,644
1,208,920
263.883
978,860
175, 2*6
938,685
530,407
96,902
419,067
Total receipts.. 42,783,804
39,122,051
33,852,363
29,829,652
28,844,881
44,331
25,254,122
42,310
23,585,860
240,040
dlTld'ds and int...
and discount..
Int.
Prof.stkB.&b'BSOld
400,485
Expenses—
Cost of Bales, etc.. 34,918,427
76,007
Int. on debentures.
34,994,434 28,889,212 25,296,432 23,925,900
Total
6,003,762
8,565.931
Balance
7,789,370 10,232,839
Dtvs. on jf stook
(7)83,689 (7)178,684
Div. on com. stk.. (8)3,508,284 (8)2,677,263 (8)1,871.968 (8)1,549,665
8ur.
1.955,657
6,600,274
1,728,249
4,276,503
5,941,696
15,287,140
6.600,274
6,629,181
4,275,603
2,353,051
21,228,836
13,229,455
6,628,554
8,508,284
4,281,086
2,677,263
7,555,576
1,470,099
1,613,880
2,810,987
from pre v. year 4,482,702
7,293,689
Total
8nrplns.
Patent*,
ten off.
etc., writ-
Enhancem.
val
,
stkfl
J
:
.
of
&
book
2,057,635
b'ds..
8th. Issued In 1902
for reduotlon
made in 1898
16,746,132
Tot. sur. Jan. 31. 7,293,689
15,287.140
4,482,702
6,628,554
CONSOLIDATED BALANCE SHEET JAN. 31.
1904.
$
2,000,000
6,500,000
Asselt—
Patents, franchises,
Faotorv plants
R'l est. (oth.
than
etc..
1902.
1901.
9
9
$
2,000.000
5,000,000
431,456
12,682,215
3.632.556
12,816,607
1,769,456
10.297,595
1,165,921
97,701
424,083
14,665,346
3,289,445
fao.pl't)
StookBand bonds
Cash
1903.
Notes Aaoo'ts reoelv'ble.16.207,481
Work In progress
2,046,488
Inventories- Faotorles.. 10,488,466
Gen. and local cilices.. 1,247,764
Consignments
69,899
2,000,000 2,000,000
4,000.000 3,400,002
522,453
464.196
9,825,121 6,012,300
4,058,448 2,373,683
11,364,345 9,59d,940
1,338.259 1,054,659
7,742.606 7,061,751
865,326
1,037.968
63,903
96,309
65,938,962 49,893,507 41,927,252 32,951,017
Total asseti
LiabilitiesCommon stook
j
the returns reoelved from two piers, and from sixteen one-story warehouses. These one-story warehouses are operated under aa agreement providing for the payment to The Bash Co., Limited, for servioes,
of one-third of the storage lnoome. A. third pier will be completed
within one mouth's time and twelve six-story warehouses are in
course of erection, six of which will probably be oompleted by June I
and the balance by Oot. 1. All the bonds required to oomplete the
twelve six-story warehouses, the third pier, and other additions to the
equipment of the plant at present contemplated, have been sold, and
will be issued to the purchasers as the funds are required.
The first two piers and the present railroad facilities are under lease
to The Bash Co., Limited, a rental of $40,000, repairs and taxes. A
statement of the earnings for six months ending Jan. 31, 1904, Is
given, with the exception of the earnings from the railroad department which was operated by the railroad department of The Bush
On., Limited, nnder lease, making the separate earnings difficult, to
determine. The earnings from the two piers are reoelved by The
Bush Co., Limited, but the Bush Terminal Co. has the privilege ofoanoellng that lease at any time upon giving sixty days notloe of Its desire to do so, the Intention being to have The Bush Co., Limited, use
its organization and equipment to operate the plant of the Bush
Terminal Co. until the latter oompany is established and in position
to make more favorable arrangements.
It mast of course be recognized that only a small portion of the
company's plant has been in operation for six months, although the
interest oharged upon nearly all of he money which is being utilized
to build the third pier and the additional warehouses has been borne.
It is expeoted that the third pier will oommand a rental greater than
the first two, whloh average a little more than $60,000 eaoh per year,
and it Is believed that the additional warehouses will earn an annual
lnoome of $100,000. This lnoome added to the additional railroad
lnoome derived from the operation of the enlarged plant, will double
the present income with bat a trilling lnorease In fixed charges.
The enterprise has suooeesf ally passed the experimental stage and it
merely remains for the completion of the plant to show a substantial
dividend earned npon the capital stock. There still remain two piers
to be constructed, and twelve six-story warehouses, In addition to
those authorized. A small portion of the back property of the oompany has been sold, and oontraots have been exeouted for the sale of
another block of property, and others are pending. The sales already
made average a little more than doable the cost to the oompany. and
the present selling price has been established at more than tour times
the cost to the oompany, whloh price will be readily realized, owing
to the shipping facilities whloh are offered by the oombined railway
terminal of the two oompanles. gales of Sooth Brooklyn waterfront
property have been made, since the pnrohase by the Bash Terminal
Co. for prioes three times that paid by this oompany for its property,
and one sale for nearly seven times as much per front foot.
<
saription of the property and its business was given
of May 2, 1903, page 974.]
results for the half-year on the basis above indicated
[A. df
Chronicle
in the
The
were:
STATEMENT, SIX MONTHS ENDING JANUARY 31, 1904.
Deduct—
$65,073
Storage inoome
$3,050
17,806 Insurance 6 months
Rental floats
1,867 Taxes (entire plant) 6 mos $12,500
Dock lnoome
Net earnings
$84,746
Fixed Charges— 6 Months—
Outstanding $2,991,000 bonds, interest 4 p. c. $59,820;
less interest acorued and collected on delivery bonds,
Aug. 1, 1903, to Jan. 31, 1904, $6,972
43,866,700 41,880.733 24,910,500 21.400,300
400 2,551,200
Preferred stock,
5 p. o. gold coupon deb...
99,000
82,000
372,000 1,534,000
3ifl p. o. gold coupon debs. 2,049,400
2,049,400
826
"s'.ibo
Acorued Interest on debs.
683
12,783
820,450
Accounts payable
1,810.665 1,378,960 1,349,335
Deferred liabilities
834,000
Unclaimed dividends....
4,776
3,750
1,825
1,886
Surplus
7,293,689 4,482,702 15,287,141 6,628.534
Co., Limited, for operating the warehouses.
w- Total liabilities
-V. 78, p. 1277, 323.
increase
55,938.962 49,893,507 41,927,252 32,951,017
economically.
This lnorease in volume of business has been obtained in the faoe of
lower average prices for our products and the improvement in the
business daring a period of generally dull trade throughout the conn
try Is enconraging for the future prospects of the oompany. The Improvement in plants and equipment has been continued and the phys
leal condition of the faotories is better In many ways than ever before.
The benefits of concentrating our work in fewer faotories, with better
machinery and supervision, have been demonstrated. Improvements
in maohlnery and methods are constantly being put into effect la the
last Tear the number of faotories In operation was still farther reduced by five, and the oompany is now operating In 31 can factories
and two machine shops. The two detlnnlng plants referred to last
year were completed and have been in successful operation during the
past year.
The prospeota for business daring the coming year are good, as
shown by orders and contracts now in hand.
for the years
1904.
$22,919,524
2,394,510
Net sales
Proflt
ended March
1903.
Increase.
$22,076,394
886,711
»843,130
1,507,799
The preferred stook received its first dividend, %% p. c,
on Sept. 80, 1903, and dividend No. 2, also V£ p. c, on April
1904, the 5 p.
c
for the year calling for $2,061,665.
months)
of the above storage
1804.
1
A girts
'inn «. real catate,
$
1903.
$
i
patents, Ac
Improvements
2,747,745
Oth. laves't lttnis.
485,616
1,808.339
V. 78,
31.
Liabilities-
Gross earnings
$3,837,669 $3,409,676
Operating expenses. 2,515,040
2,195.647
Net earnings
Interest
Divs., 8% (2%
Q
-F
)
Balance, surplus.
$1,322,619
$307,088
720,526
$1,213,929
$293,005
$319,593
6,121,W0I
Surplus
Total
-V.78.
...
.
.80,808,608 8t),366,268
$300,990
593.346
BALANCE SHEET MARCH
1904.
1903.
$2,806,609
1,780,820
$2,517,219
1,614,260
$1,085,789
$300,983
615,982
$902,959
$279,791
477,688
$268,824
$145,480
31.
I
Assets—
*
$
16.940,820 14,230,840
Plants, etc
Work In progress,
326,498
338,025
etc
Accounts receiv(166,999
784,465
able, etc
2e»,U33
136,035
Casb
..18,186.660 15,539,805
$
7.689.600
for stock
997,367
6.4S3.000 5,608.000
Funded debt
Accounts payable.
250,130
123.869
Open accounts
Uepreclat'n res've
Total.
1903.
Advanced paym'ts
Insuranoe fund.
Surplus
-V.
1904.
O.SflD.SSO
L'abiWitt—
Capital s ock
Total
f.8,565
24,552
690,000
76,000
797,088
690,00)
68,000
610,081
18,186,650 16.589,306
78, p. 1500.
Commonwealth Eleetrie Co. of Chicago.
(Report for the year ending March 31, 1904.
The annual statement is as follows
:
190203.
1901-02.
1900-01.
$
$1,002,085
$769,666
$629,047
834.735
623,264
497,903
410,176
Net inc. from all sources $516,264
276,737
Deduot Int. on bonds
$378,821
220,704
$271,768
167,261
$218,871
137,770
$158,117
$104,502
$81,101
eleo. current andmeroh. sales. .$1,350,999
Oper., repairs, renewals,
and general expenses..
'
.Mdse. Inventory... 6,218,104
rec.
1H03.
$
.
Accounts payuolo.
Unpaid dividend
bills
1004.
Preferred -took .41,283,300 4 1,283.300
-inn
stock ...41,233,300 41,233,300
H3.0i0
Montis, assumed
1,<iOU.43U
l.rt89,2»l
l,4H-,Sil4
&
77,
Earnings from
l.H4!).M)H
1.480.JI61
C«sh
A ecu.
$16,348
paid to the Bash
(Statement for the year ending March SI, 1904. J
Earning*.— The income account makes the following showing for the years ending March 31
1903-04.
1901-02.
1900-01.
190203.
1903-04.
.
i5.030.6fl 75,2(tH.0^8
is
with but slight increase in fixed charges."— V.
p. 1111].
BALANCE SHEET MARCH
lnoome
$52,847
"The return from improvements nearing completion should
the company's annual earnings by upwards of
31
|
1,
(6
$69,196
Chicago Edison Company.
During the past year the remainder of the mortgages, amounting to
$113,000, assumed by the company, was retired. The company has
no floating debt nor debt of any kind, except for current accounts, and
h.1 Ibll b are discounted when discountable.
The company is in good
financial condition, having sufflolent capaoity to transact Its business
The results from operations
compare as follows:
Surplus
Note.— One-third
$160,000,
p. 1227.
American Can Company.
{Report for the year ending March SI, 1904. J
President F. A. Assmann is quoted as saying:
Vol. lxxviii.
861,986
1,123,393
(paid April 1).... 1.031,838
D.446.691 2,662,276
Total
—
Balanoe
....
p. 1111.
Bash Terminal Company.
( Report for the half-year ending Jan. SI, 1904, J
President Irving T. Bash says in substance:
The first two piers eroded by the oompany were built and taken
possession of by the tenants on Aug. 1, 1903. It has been decided to
end the fiscal year on the 31st of January. The operations, therefore, only oover a period of six months, and for this period show only
$240,527
BALANCE SHEET MARCH
88,808,808 86,366,268
1901.
1S03.
*
I
13,026,436 10,2.«2,&8<
169,«17
138,115
Assets—
Plant, etc
Material, etc
Accounts
&
notes
receivable
Cash
Other accounts....
135,637
186.740
14,131
128.216
164,372
11,080
31.
Bondsidebent'res
1904.
t
6,260.000
6,000.000
Keal estate mtgs..
Depreola'n reserve
1S0.<>00
9-1,500
comp'n res..
Accounts payable.
32,033
8«6,563
568,872
Liabilities—
Capital stock
iMun.
Surplus account...
Total
-V.76,
p. 1083.
.18,449,953 10.753.i63
1903.
$
5.000,000
4,950,000
:182,124
421.844
Total assets. ..18,449,958 10,763,968
J
:
Apr.
THE CHRONICLE.
30, 1904.]
Electric
Company
1901.
1902.
1903.
1900.
$391,612 $349,547 $281,232 $374,638
2,932
198,954
36,156
7,367
(net)
$398,979 $352,479 $480,186 $410,695
244,716
203,979
306,038
406,281
Total net Income
Dividends paldt
$154,263
Surplus
$143,500 $174,148
$4,414
tin 1903 paid eOoents; in 1902, 50 cents (and$l 50 extra, $810,000);
75 cents; In 1900, $1.
In 1901,
BALANCE SHEET DECEMBER
1903.
31.
1902.
1901.
$4,750,508 $4,537,568 $3,983,325 $3,810,819
Liabilities—
Capital stock
$4,078,780 $4,078,780 $3,060,534 $3,060,511
916,194
742,045
608,039
453,776
Credit profit and loss....
6,597
5,012
8,262
63,689
Bills <fe aoots. payable....
$4,750,508 $4,537,568 $3,983,325 $3,810,819
Total liabilities
77. p. 1296.
—V.
(Report for the year ending Dec.
The annual report says in substance
31, 1903.
There has been no change In the capital stook during the year, the
amount now outstanding being: Common, $4,883,800; preferred,
$4,046,300. The authorized issue of bonds Is $1,600,000, of which
$310,000 are unsold and $1,190,000 outstanding. The amount of
sales for the year 1903 were $3,199,035; deduot cost of goods sold,
$2,446,230; gross gain. $752,805; deduot administration, auditing,
total
sales expense, &c, $573,208; net train, $179,597.
The sales recorded for the year 1903 were $314,273 greater than the
year 1902, $547,746 greater than the year 1901, $816,63* greater
than the year 1900. The cash disbursements for the year 1903 were
$284,061 greater than the year 1902. The cash collections amounted
to approximately 80 p. o. of the business transacted, the amount received in notes and warrants being approximately 20 p. c. The net
quick assets over the qulok liabilities are $1,202,849. The executed
sales contracts, bills and accounts receivable were $210,214 greater
on Deo. 31, 1903, than on the same date of the previous year. There
were $397,685 of Bales oontraots on hand unexecuted Deo. 31, 1903.
The results for the years 1903 and 1902 were:
Year 1902—
Tear 1903Total sales
$3,199,035 Total shipments
$2,981,627
Cost of goods sold
2,446,230 Operating expenses x. 2,596,492
$752,805
Deduct—
"Administration, auditing, sales exp.,&o."
"Net gain"
x
573,208
$179,597
1903.
Bills
...
Depreciation (net)
Balance to surplus.
1.514,506 1,814.293
1,099,337 1,0*49.20*
51,678
157,3^3
Clash
Insurance
(unex11,302
Organization exp...
Sinking fund
Total
609
8,849
3,289
25.000
12,660,877 13.772,872
$385,135
90,000
43,337
17.949
$233,849
1903.
*
Liabilities—
1902.
•
Common stoclr
4 ,883.800 4,888,800
Preferred stock...
4,,046,300
Bonds
1,,1HO,000
(30-yr. 6s)..
Contlcg't com'slon
Loans
Bills
&
acct's pay..
Miscellaneous
Surplus
Total
1
4,046,300
1,500,000
42.860
31.544
774,000
791.350
72.100
61,100
340.642
227,164
23,600
292,451 1,286.143
12,660,877 12,772,372
76, p. 1028.
Northern California Power Co.
( Report for the year ending Feb. 29, 1904J
The gross earnings for the twelve months ending Feb 29,
1904, were $150,925. For February, 19)4. they were $14,222,
contrasting witn $4,997 in Feb,, 1903. Monthly dividends of
5 cents per share, calling for $60,000 yearly, were begun last
month (March 25). President H. H. Noble says in part:
We have practically completed our Cow Creek plant at Kllaro, only
two weeks
& Oas Co
Redding gas plant
3,296
457
$150,925
Total operating expenses
Net earnings
Profit on store aooount, Bales and supplies
$54,146
$96,779
Total net income
Interest on bonds
$98,057
28,774
1,278
$69,283
BALANCE SHEET MARCH
1904.
Liabilities—
Agsfifg—
1,
$20,798
Realest.,wat.rights,&o.
605,215
Oonstruot'n & extens's
Keswlok Eleot. P. Co.,
stock, bonds & const. X876.801
35.720
Tehama El. Co. stook ..
Capital, 100.000 shares
Bedding Wat.Oo.oons'n
Bills
Bluff K. L. & O.Co.
stook A oonstruot'n..
Belle Vue Irrlgat'n Co.
SupplieB, etc
Uncollected bills, etc..
4,887
Bed
29,68s
5,562
11,721
16,793
4,212
Cash
$1,611,392
at$20;$6pald
Five
p. c.
of good weather being necessary for us to put It Into active
operation and deliver its fall capacity of 4,000 horse-power. We
have already connected the Cow Creek plant with the main system
by a three wire olroult from Kllaro to De La Mar, and it 1b our Intention to run another olrouit over the same right of way to a point a few
miles below Kennet, there connecting with our Balaklala line. This
will give us two plants oonneoted In different places, so that we oan
guarantee an absolutely unlnteirupted service.
In addition we have oonstruoted a line from Keswick to the Balaklala mine and another from Anderson to the Belle Vue pumping plant,
besides a number of smaller branoh lines, which brings our system up to 219 1* miles of transmission lines. We have also installed gas works at Bedding, with aoapacity of 4.000 oubio feet of gas
per hour, and have laid 19,111 feet of mains We have acquired the
property of the Bed Blufl E lee trio Light & Oas Co. at Bed Bluff; also
that of the Belle Vue Irrigation Co. at Anderson. Other purchases
made during the year are as follows: 320 acres of land at Maoomber
Flat for reservoir purposes and 960 aores at the head of Battle Creek,
also for reservoir purposes; also building site in Bedding for office
there. One of our most valuable assets Is water rights on the Pitt
Blver. where we oan develop 400,000 horse-power.
We have connected with our lines at present 10,524 inoandesoent
and 108 aro lamps, using approximately 860 horse-power and showing an increase of 265 horse power for the past year in our lighting
servloe. There are also oonneoted motors with a rated oapaolty of
2.754 horse-power, which is an inorease of 918 horse-power over those
of a year ago. and makes a total increase of 1,178 horse-power for the
past year. The total horsepower oonneoted with our present plant is
3.634 horse-power, which, if all hitched on at one time, would compel
It to carry a considerable overload, and this condition of affairs
demonstrates the wisdom of building our new plant. Fully 1,000
horse-power of the above that is oonneoted with our lines is not
actually in use at present, but will be within the next few weeks.
Our fixed charges and operating expenses are now about as large as
they will be at any time, while every horse-power we Bell and get
paid for in the future will add just so muoh to our net lnoome, and I
feel that I can safely predict that oar net income will be doubled
within the next year.
$600,000
bonds
(V.
x855,000
77, p. 254)
Unpaid
47,621
6,000
5,659
bills
payable
Overdraft
Surplus (net earnings
to
Maroh 1,1904)....
Total
97,111
$1,611,392
xlnoludes $190,000 Keswick Eleotrio Power Co. bonds, appearing
on both sides of the aooount; to retire these, Nor. Oal. 5a are reserved.
The stook of Kes. El. P. Co. ($800,000) Is all owned.
Properties— Looatlon of plants: Volta. Shasta Co., Cal.; Kllaro,
Shasta Co., Gal. Sab stations: Iron Mountain, Keswlok, Bedding,
Anderson, Cottonwood, Bed Bluff, Tehama, Vina, Oorning, Orland,
Germantown, Willows, Shasta, Horsetown, Palo Cedro. De La Mar.
Balaklala and Furnaoeville. Companies owned: Keswlok Eleo. Power
Co., Bedding Eleo. Light & Power Co., Bedding Water Co., Bedding
Gas Co., Red Bluff Gas Co., Tehama Eleo. Co. and Belle Vue Irrigation Co.
Directors— H. H. Noble, James Coffin,
Meyer and
O. B.
Edward Coleman,
J.
Henry
Downs.
Offloers— H. H. Noble, President; James Coffin, Vice-President; Edward Whaley, Seoretary; E. V. D. Johnson, Manager, and Ant.
Borel & Co., San Frauolsoo. Treasurer. Main office, No. 1 .504 Market
Compare V. 77, p. 254,
St., San Fran.; Manager's office. Bedding, Cal.
Chesapeake & Potomac (Bell) Telephone Co.
(Report for the year ending Dec. 31, 1903.
The report, signed by President U. N. Bethell, affords the
following statistics:
STATIONS IN SERVICE AND UNDER CONTRACT.
Baltimore. Washington. Elsewhere.
Deo. 31, 1902
9,161
9,138
3,406
Deo. 81, 1903
14,498
11,951
4,033
Net gain
5,337
58*3
Percentage of gain.
2,813
30'8
EARNINGS AND EXPENSES 1902 AND
Factory purch.acc't
pired)
667
Earnings—
Exchange
1902.
and accounts
receivable
Inventory
-V.
Net earnings
Int. on 6 p. o. bonds
Other interest
Of executive, auditing and sales departments.
BALANCE SHEET DEO. 81.
Assets—
$
$
Plant, good wlll,&c.9,958,165 9,939,412
7,205
Bedding gas plant, gas..
Total
American School Farnitare Company.
Gross gain
Red Bluff Eleo. Light &
Gas Co., gas.
Northern Oal. Power
$37,604
Redding Water Co
12,789
Red Blufl Eleotrio Light
Surplus for year
$3 ,135,148 $2,578,609 $2,755,789 $2,584,050
892.479
631,884
469.188
Accrued earns, cont. cos. 1 ,191.360
2,508
2,494
3,908
2,483
Acorued Interest
382,345
368,864
351.676
349.582
Bills & aoots. receivable.
197,250
392.602
40.278
400,511
Cash & demand col. loans
10,000
10,000
10,000
10,000
Charter, dec, expenses..
3,549
2,323
1,799
1,537
Offloe furniture, etc
Total assets
$128,561
and power
Redding Water Co., water 14,492
Eleo. light
1900.
$
Assets—
Stocks and bonds
1517
The results for the year ending Feb. 29 follow:
Operating expenses, etc.—
Sales.
Oross earnings—
of America.
( Report for the year ending Dec. 31, 1903. J
Net earnings
Other inoome
J
.
1802.
Real estate
Sundries
$879,820
64,138
3«,663
22,759
Total
$985,889
Toll
1003.
$1,104,011
9H.31H
4%fc92
28,609
$1,263,881
627
Traffic
Maintenance
l«02.
Total
$166.7«6
Si88,333
40,488
2f,911
3.189
531.051
53,001
33,667
3,c89
$854,948
$140,441
$1,076,436
$187,395
Interest charges
183 426
Sundry adjustments
l,3<6
Balance to surplus
The
1908.
$164 614
208,411
410,835
Rentals!
~Ltal estate
undries
Net earnings
Deduct—
8,777
40'4
18*4
1908.
Expenses—
General
Total.
21,705
80,482
$2,642
ratio of expenses to earnings in 1903
c. in 1902.
BALANCE SHEET DEC. 31, 1903.
was
85'1 p.
c,
against 85'8 p.
Assets —
Telephone
plant contracts and licenses .$6,283,384
Real estate
273,374
Furniture and fixtures.
18,830
Supplies
265,248
Acoounts receivable..
421,338
Cash
113,871
Stocks and bonds
21,601
.
Total
.
$7,347,545
Liabilities—
Capital st'ok(par $100)$2,650,000
Bonded debt (V. 69, p.
796)
1,424,000
Bills payable
Acoounts payable
Reserves
Surplus
Total
2,500.000
216,201
103,934
453,410
$7,347,545
The additions to construction account in 1903 aggregated
$980,907, viz.: Exchange aerial, $168,974; underground conduits, $217,769; underground cables, $225,938; equipment,
$332,025; toll lines, $36,201. First mortgage bonds redeemed
in 1908, $27,000.
RECOVERY FROM BALTIMORE FIRE— NSW CONSTRUCTION.
Regarding the re-building of the Baltimore plant after the
great fire in that city on Feb. 7-8, the Baltimore "Snn" of
March
7 said in part:
the prinolpal office of the company was destroyed and some
7,500 of Its telephones were silenced by the fire, perhaps no one
imagined that anything like a oomplete restoration would be accomplished within four weeks.
On the Saturday night before the fire two new central offloeshad"
been opened. On Sunday, while the fire was still raging, it was deolded to enlarge one of the new offloes, which had been equipped to
serve about 4,000 telephones, so as to serve over 12,000. Parts of a
new switchboard then in Washington ready for Installation in that
city were immediately shipped to this city, and the necessary oables
were ordered from vChioago. Within two weeks the equipment for
4,000 telephones was, in place, and the telephones were rapidly oonneoted. The entire installation was oompleted on Feb 29, twentyone days after the fire originated. To accomplish this the work was
pushed forward continuously day and night.
One week after the fire it was deolded to reopen the South office, to
serve subscribers in the southern part of the oity below Pratt St. The
work of altering the building to accommodate a larger equipment
than had previously been used there, and of installing equipment to
serve about 4,000 telephones, was pushed forward vigorously. The
installation was oompleted Feb. 29 and put In servloe Maroh 2. The
When
J
)
THE CHRONICLE.
]548
loss of the company was not oonflned to the property aotnally destroyed, ae Its oa ilea and linee In the burned district were rendered
useless for the time being. At muoh as 8,000 miles of wire were made
Into oables, brought to this olty, drawn Into the subways and
spliced. It Is said that the entire system will be restored to service
by the end of the week.
In carrying out Its plans for the year the company had just contracted for the ereotlon of a three story fireproof building 4 2 by 80
This oflioe. when
feet, to be located near Wolfe and East Faj ette 8ts
completed, will serve East Baltimore, and meanwhile subscribers In
that part of the city will bo connected to the Mount Vernon exohange.
It Is said that none of the work done in the restoration of the system
Is of a temporary oharaoter. the oables and equipment nsed being of
the most modern type, and the work of Installation being done in
the most skillful manner.— V. 78, p. 101.
1903.
and supplies 80,448
77,637
lstmort'ge
P.
Co.
U.
bonds in treasury.. 202.000
«9,00O
5% bonds held for 6s.
11,344
Sinking fund
Mater'l
Cash
Individuals and cos..
Salt Lake agency....
Wasatch Store Co...
Utah Fuel Co
Miscellaneous
4,802
Lialilities-
9,477
I
Stock
2 000,000 2.100,000
Funded debt
1,
231,000 1,213,9^2
115,117
119,176
;
payable
Vouch, and pay-rolls 186,008
Denver & Kio Grande
Bills
KB. Co
Coupons
Sinking fund
Special renewal fund
Personal Injury fund
Miscellaneous
23.000
60,0^0
4,078
Total
*
129/80
69,000
15.293
117,303
46,621
1900.
1908.
I
1900.
«0.970
59,598
Profit
and
loss
Total
3,623,968 3,572,065
78.420
86.100
11,344
10,767
6,922
4,647
109,870
34,%0
16,293
4.498
20,047
4 9,592
8,623,968 3,572.065
After deducting $398,0)0 bonds received and sinking fund.
Compare Utah Fuel Co., V. 78, p. 1178, 1171.— V.
Utah Fnel Company.
(Balance Sheet Dec.
A.SSt'18
$11,161,784
Cost of property
34,518
Material and supplies.
7,821
Cash
293,214
Bills receivable
470,000
1st M. bonds in treas.
P. V. Coal Co. prop310,000
erty mortgaged
36,532
Land, Huntington
P. V. Coal Cj. for coal,
42,350
eto
Miscellaneous
62,558
31.
72, p. 680.
$10,000,000
1,252,000
pay-rolls.
84,766
B. V. Coal Co., aoo'nt
of dividends
payable
Accrued Infest bonds
Bills
and loans
and
50,000
185,900
22,202
6,952
4,802
817,675
Sinking fund
Miscellaneous
Profit
Good
Acoounts payable
Notes payable
Floating debt
129,920
1,099,140
120,957
1,850.000
will
Total
— V. 77, p.
Liabilities—
Capital stock (authorized $3,500,000)
$3,202,000
$4,552,017
Total
$4,552,017
197.
GENERAL INVESTMENT NEWS.
loss
In the foreclosure suit brought by the Union Trust Co. of
Philadelphia, as mortgage trustee, Judge Love, at Altoona,
Pa., on Tuesday ordered the sale of the property, the amount
due for principal and interest being $372,850. The company
has been fighting the foreclosure proceedings.— V. 77, p. 2096
Atlantic & Birmingham Ry.— See Brunswick & Birmingham RR. below.— V. 78, p. 1391, 1274.
Atlanta Knoxville & Northern Ry.— Merger.— The shareholders will meet June 17 "for the purpose of considering
and voting upon the acquisition by purchase or consolidation
by the Louisville & Nashville RR. Co. of the railroads,
rights, properties and franchises of the Atlanta Knoxville
&
73, p. 1311.
Baltimore & Ohio RB.— Bonds Called. -See Staten Island
Rapid Transit Ry. below.—V. 78, p. 1446, 342.
1903 J
<fe
$20,024
Merchandise
283,630
Mat'l & stook in process
286,608
Cash and debts recelv.
646, " 62
Copyrights and plates. 1, ^15, 193
Northern Ry. Co."— V.
Liabilities—
Capital stook
1st more, bonds
Vouchers
As set 8 —
Furniture and fixtures,
BAILB0AD8. INCLUDING STREET ROADS.
Altoona & Phillipsburg Connecting WL.— Foreclosure.—
Pleasant Valley Coal Company.
(Balance Sheet Dee. 31
?
Assets$
Cost of property.. .2,972,679 8,198.808
[Vol. lxxviii.
Baltimore & Southern RR.— Bill Fails.—The bill introduced at the recent session of the Maryland Legislature at
the instance of Frank R. Beidler, to permit Anne Arundel
County to issue $200,000 bonds in aid of this projected road,
failed of adoption.
The bonds were to be issuable whenever
"the road shall have been constructed, equipped and in running order from the county northern line to Millersville, on
the Philadelphia Baltimore & Washington RR." See V. 74,
p. 150.
$12,423,777
Total assets
Compare
Total liabilities. ..$12,423,777
V. 78, p. 1178, 1171.
Standard Underground Cable
Co., Pittsburgh, Pa.
(Report for the year ending Dec. 31, 1903. J
The report presented at the annual meeting on Jan. 26
shows gross business done $8,685,294, contrasting with $3,(Compare V. 78,
984,531 in 1902 and with $8,339,673 in 1901.
p. 346.) The report to the shareholders says:
Your directors submit below a condensed statement of the company's operations for the year 1903. The full detailed report may be
examined by you at the oompany's orfioe at your pleasure.
Continuing the policy followed for some years past, your directors
will charge off against this [total] surplus [of $1,229,113] 5 peroent for
depreciation on factory buildings and 10 per cent on machinery and
tools, or a total of $70,804, notwithstanding the fact that about half
of the machinery and buildings are only a year old, and that a high
state of repair is constantly maintained at the charge of the appropriate expense accounts.
The volume of business, as well as the net profits, in the year 1903
were Tery gratifying, and the reputation of the company, the favorable location of Its factories and the branoh oilioes. and the high
eiScienoy of each department of its business, justify the belief in
results that will be entirely satisfactory to the stockholders for the
current year.
INCOME ACCOUNT FOB YEAR 1903.
Gross business for the year
Material on hand, cost
Brunswick & Birmingham RR.— Receivership.— At Macon, G-a., on April 25, this road was placed in the hands of a
temporary receiver, J. R. L Smith of Macon, Ga., upon petition of E. C. Machen, formerly President of the company.
The order was granted by Judge Spear of the United States
Court for the Southern District of Georgia. Machen alleges that the road is indebted to him in the sum of $5,000
for services rendered. The hearing as to a permanent receivership is to be held May 2. The receivership is presumably
for the purpose of getting clear title preparatory to the consummation of the sale to the Atlantic
Birmingham Ry.
Co. Compare V. 78, p. 1891, 1274.
&
Canadian Pacific Ry.— Extended.—Of the $7,000,000 due
the Province of Quebec on account of the Q. M. O.
O. Ry.
and 'he North Shore Ry., $3,500,000 was to be paid March 1,
1904.
As the other half was not due until March, 1906, and
for convenience of arranging the whole amount at the same
time, the amount due on the 1st of March, 1904, has been extended until March, 1906.— V. 78, p. 701, 47.
&
Carrabelle Tallahassee & Georgia
See Georgia Florida & Alabama Ry.
RR.— Reported
Sale.—
..$8,685,294
Central Crosstown RR„ New York.— Notes Sold.—This
company, which Is controlled by the Metropolitan Street Ry.
$9,192,619 Co., has sold to Kuhn, Loeb & Co,, who have re-sold them,
Factory and installation cost and material on hand at the
$2,250,000 of 2-year 5 p. c. notes, secured by deposit of $2,beginning of year
$8,325,417
Selling and administrative expenses, dlsoounts, eto
162,764 500,000 guaranteed bonds of the Crosstown Company. The
proceeds reimbursed the Metropolitan Securities Co. for the
$8,488,181 money advanced in electrifying the crosstown system,
V.
607,325
Net earnings for the year
Daduot 12 per cent dividends paid during the year on outstanding stook
—
704,433
75, p. 611.
Central Market Street, Columbus, 0.— Merger.— See Ohio
Union Traction Co. below.— V. 77, p. 88.
$474,706
Chicago Great Western Ry.— New Stock.— The company
754,407
has filed a certificate of increase of common stock from
$1,229,113 $30,000,000 to $50,000,000 as authorized bv the shareholders in
February, 1903. About $13,000,000 of the new stock will be
229,732
Surplus earnings for year after dividends
Surplus on Deo. 31, 1902
Total surplus on Deo. 31, 1903
BALANCE SHEET DBC.
31, 1903.
Assets—
Cash on hand, aocounts and bills receivable, and material
on hand at cost
$2,125,465
Patents (52 in number and ranging from 1 to 16 yrs. to run).
500,000
Manufacturing plants at Pittsburgh, Perth Amboy, N. J.,
and Oakland, Cal
956,404
Sundry small items
22,588
Total
$3,601,457
Liabilities—
Capital stock
Accounts payable (not discountable)
Constrnotlon reserve (to oomplete installation)
Copper due to toll and oontraot customers
Total liabilities
Surplus as above shown
The directors and officers are:
,
$2,000,000
41,5'>4
16,884
316,906
$2,375,^44
$1,229,113
Mark W. Watson, James II. Willock. John B. Jackson, W. A. Conner,
John Moorhead Jr., Robert Pltoairn. B. F. Jones, J. N. Davidson and
Joseph W. Marsh. Mr. Watson is President; Mr. Marsh, Viae Presl
dent and General Manager; F. A. Rlnehart, Seoretary and Treasurer,
and O. M. Hagen, Auditor.— V. 78, p. 346.
Appleton & Co. of New York.
(Balance Sheet of Feb. 1, 1004J
D.
This New York corporation has filed the following balance
sheet with the Massachusetts Commissioner of Corporations:
exchanged for the syndioate holding of the stock of the
Mason City & Fort Dodge, in accordanoe with the circular
issued to the stockholders Nov. 15, 1902. This secures to the
Chicago Great Western 503 miles of new lines. The balance
of the new stock will be held in the treasury.
(Compare V.
76, p. 435; V. 75, p. 1201, 1253). -V. 78, p. 1219, 988.
Chicago & Oak Park Elevated Ry.— Reorganized Company.—This holding company was incorporated in New Jersey on Apiil 23 with $9,200,000 of capital stook, of which
$3,200,000 is 5 per cent non-cumulative preferred, in accordance with the plan for the reorganization of the Lake Street
Elevated RR. (V. 77, p. 1874; V. 78, p. 1392). The outstanding securities will be (1) the first mortgage 5s of the old
Lake Street Elevated RR. (the issue being limited to $5,000,000) which are to be stamped subject to call at 105 at company's option on any interest day; (2) $350,000 debenture 2
per cent notes due Jan. 1, 1909, issuable for claim of Northwestern Elevated RR. The par value of shares is $100. The
time for paying the assessment on the old stock expired
last week and was not renewed; most of the stockholders
paid in full. Tae new securities are being distributed by the
Illinois Trust & Savings Bank, the depository of the reorganization committee.— V. 78, p. 1391.
:
Apr.
—
-
:
THE CHRONICLE.
30, 1904.
Chicago Union Traction Co.— Receivers' Certificates.— Judge
Grossoup this week granted the authority sought by the
1549
Kansas City Fort Scott & Memphis Ry.— To Double-Track
Bridge.— See Kansas City & Memphis Ry. & Bridge Co. be-
receivers early in
low. -V. 78, p. 1497, 1446.
cates.
Kansas City & Memphis Ry. & Bridge Co.-To Be DoubleTracked. The United States Senate on April 23 passed a bill
preBS
authorizing the company to double-track its bridge.
dispatch says: "It is estimated that the oost will be $100,000.
The work will necessitate an entirely new system of steel
girders and extensive changes to the auperstructure."— V. 54,
March to issue 1500,000 of receivers' certifi
The proceeds will be used to pay for new cars already
purchased.
The report of the receivers, below mentioned, while not
stating the total amount of receivers' certificates outstanding,
gives the amounts received from the sale of receivers' certificates as follows
$1,030,000 Nov., 1903
$10,000
August. 1903
5O.OL0
583.000 Jan., 1P04
8ept., 1903
400,000
90,000 Feb., 1904
Oct, 1903
Franchise.— The franchise of the Chicago Passenger Railway expired last wetk. The city gave notice of the fact
without interfering with operations. This leased line, it is
eaid, owns no cars, no power house, and only light rails.
Earnings. A statement filed by the receivers covering the
301 days from April 28, 1903, to Feb.,17, 1904, compares as
follows
Tear
Tear
Tear
801 Days to
June 30, '01. June SO, '00.
Feb. 17, 1904. June30, 1902
—
19,779
4.265
89,703
$7,269,816
33.525
15,101
4,222
43,564
$7,468,798
33,577
6,478
2,122
45,622
$7,918,348
$7,366,228
$7,556,597
21,373
21,694
19,916
20,181
20,462
20,703
$7,112,404
2?,940
Advertising..
25,783
Mali
4,778
Chartered oars
65,723
Bents
$7,801,076
$7,236,628
Gross receipts per day:
23,629
Passenger
Total
24,041
-V. 78, p. 1391, 819.
Passenger
Total
33,f>25
Columbus Grove City & Southwestern Electric Rv.—
Merger.— See Ohio Union Traction Co. below.— V. 73, p. 783.
oinmbuH London & Springfield (Electric) Rj.— Merger.
— Sae Ohio Union Traction Co. below.— V. 77, p. 298.
Dayton Springfield & Urbana (Electric) Ry.— Merger.—
See Ohio Union Traotion Co. below.— V. 77, p, 349.
Denver Lakewood & Golden RR.— Sale Postponed.—The
foreclosure sale has been postponed until May 12.— V. 78,
(
—
A
p. 410, 965.
Kansas City Southern Ry.— Terminal Property.— See KanTerminal Company in V. 78,
&
Gulf
sas City Shreveport
p. 1497.- V. 77, p. 2276, 2284.
Kenton & Southern (Electric) Ry.— Merger.— See Ohio
Union Traction Co. below.— V. 76, p. 654.
Lake Street Elevated RR., Chicago.— 8u<cessor.— See Chicago Oak Park Elevated Ry. above— V. 78, p. 1392, 1288.
Long Island RR.— Listed.— The New York Stock Exchange has listed the $10,000,000 guaranteed 4 per cent refunding mortgage bonds of 1949. Kuhn, Loeb & Co. report
thati the bonds have all been sold. The bonds have been
listed also in Berlin, Hamburg and Frankfort.— V. 78, p.
583, 48.
Louisville & Nashville RR.— Purchase.— See Atlanta
Knoxville & Northern RR. above.— V. 78, p. 1497, 1446.
Massachusetts Electric Co.— Authorized.— The Governor
of Massachusetts has signed the bill authorizing the Boston &
North. Street RR. and the Old Colony Street RR. Co. to issue
The bonds will be blanket
long-time mortgage bonds.
mortgages on both properties, and the amount will be determined by the State Railroad Commission.— V. 78, p. 103.
Metropolitan Street Railway, New York.— Bonds Sold.—
& Co. have purchased $2,300,000 of the Metro
tropolitan Street Ry. refunding 4 per cent bonds, the proceeds from which will be used in part to pay off the $1,500,000 Broadway & 7th Ave. first 5s maturing June 1, and the
p. 820.
balance for other refunding operatione. This increases the
East Jersey Street Ry.— Consolidation— Control. This outstanding refunding 4s to $15,080,000.
company has been incorporated in New Jersey with $500,000
The company has also sold to the same bankers $2,000,000
of authorized capital Ftock as a consolidation of the East of Third Ave. first consol. 4s, increasing the outstanding
Jersey Traction Co., the Raritan Traction Co. and the Perth issue to $37,000,000. The new bonds are issued to pay for
Amboy R.R. The new company is to be controlled and oper- improvements and other purposes.
ated under lease or stock ownership by the Pablic Service
Notes Sold.— See Crosstown RR. above.
Corporation, its President being the General Counsel of that
Subway Plan.— See " Rapid Transit in New York City " becompany.
low.— V. 78, p. 1168, 820.
East Jersey Traction Co.— Merger.—See East Jersey Street
New York New Haven & Hartford RR.— Bonds.— Fur ther
Ry. above —V. 78, p. 1312.
Facts. Though the company is reticent regarding the matErie RR. Voting Trust Dissolved,—It is announced that ter, we learn on good authority that the total authorized
a majority of the holders of voting trust certificates not issue of the new Harlem River & Portchester gold 4 per
having consented to the proposition to extend the voting cents is $15,000,000, of which $7,500,000 had been sold. The
trust for the period of five years, the trust is dissolved in ac- bonds are direct obligations of the N. Y. N. H & H. and are
cordance with the terms of the original agreement. The secured by a mortgage on the Harlem & Portchester division
stock of the company will be issued in exchange for certifi- (shortly to be four-tracked) subject only to the prior lien of
$1,000,000 Har. Riv. & Portchester RR. guaranteed 4s of 1881
cates of the voting trust beginning Monday, May 2.
Of the $10,01)0,000 of convertible 4 due June 1, 1911. The $2,000,000 first 6s and 7s matured Oct.
Bonds Issued.
(Compare V 78, p. 1447.)
1, 1903, and were retired,
p. c. bonds of 1953 which were sold early last year, delivery
Poughkeepsie
Bridge
Route.—
The 'Railroad Gazette" of
to be made at option of either the railroad company or the
purchaser, there are now outstanding $3,500,000, as against April 15 contained an editorial regarding the difficulties of
the proposed Poughkeepsie Bridge route and its issue of
$1,000,000 on June 30, 1903.— V. 78, p. 988, 768.
April 22 the first of a series of articles by Clarence Doming
Fort Wayne & Wabash Talley Traction Co.—New Mort- of New Haven entitled "The Upbuilding of a Railroad Sysgage.—This company, recently organized to take over the tem," in which the history and development of the company's
properties mentioned in our issue of March 26 (p. 1222) has property is considered.
made a mortgage to secure 97,500,000 of first consolidated
Rumors.— See Lehigh Coal & Navigation Co. under "Indusmortgage 5 p c. gold bonds, datt>d March 1, 1904, and due trials" below.—V. 78, p. 1447, 1823.
March 1, 1934, without option of earlier redemption; denomNew York Ontario & Western Rj.— Protest Against Votination, $1,000; interest March 1 and September 1 at office of
ing Trust.— Henry Clews and Horace L. Hotchkies have sent
North American Trnst Co. of Philadelphia, trustee. The to President Fowler a long communication, signed by holdmortgage now covers "81'28 miles of road owned." V. 78. ers or representatives
Kuhn, Loeb
—
—
—
—
p. 1222.
Gainesville Jefferson & Southern RR.— Guaranties. —The
following endorsements are stamped in red on back of the
first mortgage 7 p. c. bonds, due July, 1911:
This bond Is one of a number of bonds of the same tenor and date
amounting to $> 61,600, the prompt payment of the prlnolpal and Interest of which Is hereby guaranteed by the lessees of the Georgia RR.
and said lessees desiring to secure the holder In such guaranty hereby
agree to appropriate thereto the Income from $250,000 of the oertlttcates of Indebtedness of the Atlanta & West Point RR. Go which ac-
of $18,600,000 of the common stock,
protesting against the continuance of the voting trust. This
trust was to continue until either all the $2,000,000 preferred
stock had been retired or until a dividend had been declared
on the common stock. There is only $4,000 of the preferred
stock outstanding, of which $1,2C0 is said to be owned by the
New York Central. The matter will be submitted to the
board of directors.—V. 77, p. 650, 625.
Norfolk & Southern RR.— New Mortgage.— This property
having cnanged hands, a meeting of the shareholders is called
for May 10 to authorize a new mortgage "to secure an issue
of bonds sufficient to take up the existing mortgage, and
provide a fund for the acquisition of other railroad property,
and to build, finish and equip branches and extensions of the
present railroads of the company." Office, 15 Broad St.,
N. Y. City.— See V. 78, p. 1497.
Norfolk & Western Ry.— New Mortgage. The company
announced on Thursday its plan for mafting a new mortgage to provide for future capital requirements, none of the
bonds to be sold at this time as "present cash assets are
ample for all its ourrent needs."
A circular says: "At the time of the reorganization the
Georgia Florida & Alabama Rv.— Acquisition.— A syndi- extraordinary development of the company's business and
operations could not have been anticipated; and the procate, including President J, P. Williams, has, it is reported,
acquired control of the Carrabelle Tallahassee & Georgia vision made for the capital requirements of the company by
RR., extending from Tallahassee, Pla., at a connection w th the iseue of first consolidated mortgage bonds is practically
the Geo. Flor. & Ala., to Carrabelle, on the Gulf of Mexico. exhausted. Notwithstanding the large expenditures that
The C. T. & G. had outstanding, at last accounts, $1,000,000 have been made since the reorganization, further facilities
stock'and $500,000 six p. c. bonds, due 1914, interest payable will be needed to meet the growing traffic requirements of
the company.
Jan. and July.— V. 75, p. 29.
,
crues to the said lessors during the oontlnuauoe of the lease of the
Georgia RR made for a term of 99 years by a deed dated May 5, 188 1,
by order of Lessees' board of directors.
(Signed), J. W. Gbben, Pres.
The Georgia RR. & Bashing Co., the owner, and lessee of said abovenamed certificates of indebtedness, at the request of the lessees of the
Georgia RR., hereby covenants and agrees with the holder of this bond
for the time being that so long as the Inoome from said certificates Is
controlled by the lessees of the Georgia RR., It will appropriate so
much of the inoome of the said $250,000 of certificates of Indebtedness
of the Atlanta & West Point RR Go. as may be necessary to pay the
interest on the within bond as the coupons hereto attached severally
beoome due. in oase they are not paid promptly at maturity by either
the mortgagor or the above named guarantor.
(Signed), O. H. Phinizt, Pres. Ga. RR. AB.Co.
-V. 77, p. 823.
—
:
:
:
THE CHRONICLE.
1550
" Yonr authority is therefore asked for the creation of an
issue of $35,000,000 of 40-year bonds, bearing interest at a
rate not exceeding 4 per cent secured by a mortgage which is
on the extensions and branches which are
from the lien of the first consolidated mortgage,
and upon such extensions and branches as may be acquired
out of the proceeds of the new bonds, and also a lien, subject
to the first consolidated mortgage, upon the properties
to be a
now
:
first lien
free
covered thereby.
"While the conservative policy which has been pursued in
the past of making liberal appropriations from income for
betterments and improvements will be continued, it is believed that a proper share of the funds required should be
obtained on oapital account, and that suitable provision
should be made to enable the company hereafter to develop
and strengthen its system and furnish the facilities rendered
necessary by the increase of its traffic"
The remainder of the circular is in substance as follows
The present company succeeded to the business and property of the
Norfolk & Weetern BR. Co. in Ootober, 1896. The growth of its business In indicated by the following comparative statement for the years
from Jnly 1, 1897, to June 30. 1903:
Statement Showing Growth of Business.
Surp over
iiiles
Tonnage
Qrosi
Fiscal
Bond Int.
Carried.
Earnings.
Year.
of Road.
:
I
Vol. lxxviii.
"The total bond issue, including the underlying issues, will
not exceed |30,000 per mile of single track, and $10,000 additional per mile of double track of main line, exclusive of
turn-outs and sidings, outside of cities, and $60,000 per mile
of single track and $40,000 additional per mile of double
track of main line, exclusive of turn-outs and sidings, within
cities, exoept that where lines are situated upon unpaved
city streets the limitation shall be reduoed by $5,000 per
mile.— V. 78, p. 1498, 703.
Pan-American Railway.— Commissioner's Repor £.— Chas.
M. Pepper, appointed by President Roosevelt to examine
into the project of the Pan-American Rv., recently submitted
his report to the State Department. He says that the general plan for an inter-continental railway which shall ultimately unite New York and Buenos Ayres, is receiving much
encouragement. At the present time about 4,825 of the
10,471 miles are lacking, and the estimated cost of construction is placed at $150,000,000. The constructed mileage embraces the connecting road of various operating: companies,
which are in no way committed to the Pan-American scheme.
—V.
78, p. 103.
Public Service Corporation,
East Jersey Street
Ry
New Jersey.—Merger.— See
above.
Through service to Trenton.—The company will soon begin
tbrough tickets from Jersey City to Trenton, an arrangement having been made, as already announced, for
trackage over the Trenton & New Brunswick RR. between
190102
Milltown, N. J., and Trenton. At Trenton connection will
1902 03
be made with the line of boats of the Delaware Navigation
New Acquisitions Made Necessary, or Desirable.
Co. running to Philadelphia.—V. 78, 1224, 1168.
The great expansion of trafflo Indicated by the foregoing figures
made It necessary to provide a large amount of new equipment, to
Rapid Transit in New York City.— Committee's Report on
build second tracks upon portions of the company's lines, to enlarge
Extensions—
The Rapid Transit Commission's Committee on
sidings and terminal facilities, and In other respeots to Improve the
Plan
and
Scope
made public on Thursday its report on the
condition of the oompany's properties. Your directors also found It
most desirable routes for extensions of the subway system.
advisable to purchase or oonstruot various extensions and branohes
for the purpose of reaohlng new sources of traffic and new markets,
The report favors in general the line recommended by the
and protecting the territory naturally tributary to your system. Metropolitan
Street Ry. interests, but with modifications
principal
lines
are
the
Cincinnati
Portsmouth
Among these the
Virwhich will permit the Interborough Co. to become a comginia BR-, the Iaeger & Southern BR. and the Low Grade Line between Kenova and Nangatuok, as already fully explained to the stock- petitor for the franchise. (Compare V. 78, p. 821.) The reholders In the annual reports, and which are all free from any mort- port is signed
by A. E. Orr, President of the Commission, and
gage lien.
Comptroller
Grout
A Total of $22,799,577 Expended on Capital Account.
The committee recommends in effect the following lines
Liberal expenditures for maintenance of way and of equipment were
A
Lexington Ave-Broadway- William St. line from 149th 8t. and
made out of inoome and charged to operating expenses, but the ex1897-98
1898-99
1899-00
1900-01
1,565
1,558
1,552
1,560
1,677
1,713
8.276,948
8,837,739
10,783,221
11,344,064
12,268,100
14,110,181
$11,236,123
11.827,140
14,091,005
15,785,442
17,552,205
21,160,675
$1,133,948
1,662,242
3,388,812
4,157,831
5,123.095
6,040,189
to sell
«te
:
penditures for additional lines, equipment and facilities have been
provided either out of capital account or through betterment and Improvement funds created out of inoome. Tote following Is a summary
of the expenditures charged to those aooounts from Oct. 1, 1896, to
Feb. 29, 1904
For new branch lines aggregating 189 miles, acquired or
under construction, all of which are free from any
mortgage lien
$4,981,374
For additional rolling stock, exclusive of that acquired
under Norfolk & Western By. equipment trusts
4,214,752
For additional terminal properties, second tracks, yards
and other additions and Improvements of existing lines. 13,603,451
Total
$22,799,577
Third Ave. to the Battery, with return line thenoe via Greenwloh St.
and 34th St. to Lexington Ave.-, also the following
(1) A short line to oonneot the Lexington Ave. line with the present
subway at a point near 40th St. and Park Ave.
(2) A line up 7th Ave. from 84th St. to oonneot with the present sub-
way
43d St.
The line from Fort Hamilton. Brooklyn, already referred to,
running under Fourth Ave. and Flatbush Ave., as extended, and over
the Manhattan Bridge to a point In Canal St. near Centre.
Compare map In "New York Times" of yesterday.
Thomas F. Ryan says "The routes announced by the
at
(3)
:
Rapid Transit Commission are comprehensive and entirely
saiisfactory to the Metropolitan interests."
Raritan Traction Co.— Merger.— See
Ry. above.— V. 70, p. 481.
Of Which Only $10,870,194 Funded.
These expenditures were provided as follows
—V. 78,
E*,st
p. 1447.
Jersey Street
From the sale of first consolidated mortgage bonds
$10,870,194
From inoome betterment funds oreated out of inoome and
Springfield & Western (Electric) Ry.— Merger.— See Ohio
Union Traction Co. above.— V. 73, p. 288.
Staten Island Rapid Transit Ry.— Bonds Called.— Notice
is given that the Baltimore & Ohio RR. Co. will exercise its
mortgage.— V. 78, p. 1447, 343.
right of purchase and will pay par and accrued interest for
Northern Pacific By.— Dividend.— The company will pay the $2,500,000 second mortgage bonds at the office of the
on May 1 a quarterly dividend of X% per cent and \i per cent Standard Trust Co., New York, on May 28, 1904; from and
extra. The February dividend was X% per cenc with no after that date interest on these bonds will oease to accrue.
extra. During the calendar year 1903 13>f per cent was paid —V. 77, p. 251.
quarterly, with extras of 3^ per cent each in February and
Tonopah RR.— Mortgage.— The company, whose narrowNovember, making a total of 7 per cent for the year.
gauge railroad between Rhoads and Sodaville, Nev., on the
The dividends just declared are payable "to those holders Carson & Colorado RR,, 63 miles, is expected to be comwho are legally entitled to receive them." The Northern pleted about June 1, has made a mortgage to the Land
Securities Co., under the recent decision, is not such a holder, Title & Trust Co. of Philadelphia, as trustee, to secure
an
but its individual shareholders upon exchange of their stock issue of $500,000 six per cent 15-year gold bonds, dated Jan,,
for the Northern Pacific and Great Northern shares will be 1904, but subject to call at 102>£ on and after July
1, 1905;
able to collect the dividends declared by those companies.— interest payable Jan. 1 and July 1. It is proposed to retire
V. 78, p. 1892, 1223.
one-fifteenth yearly by the sinking fund. The bonds, guaranNorthern Securities Co.— See Northern Pacific Ry. above. teed by endorsement as to principal and interest by the Tonopah (gold and silver) Mining Co.. are, it is announced by Dick
-V. 78, p. 1497, 1447.
Ohio Union Traction Co.— Terms of Merger.— This new Bros. & Co. of Philadelphia, offered at par, being issued
company's "first and consolidated mort. 5 p. c. gold bonds" from time to time for construction. Further facts follow:
Stook. all of one olass, $1,000,000, of which $100,000 was issued to
will be issued in exchange for the existing stocks and bonds
original owners of the railroad ohirter, the remaining $900,000
on the following basis, provided the latter are deposited by the
being issued but held for the benefit of the stockholders of the mining
May 1. [These data are given on the authority of an Ohio company; par of shares, $100.
The road is now in partial operation
and Is expeoted to pay from the start. The tonnage from the mines
paper, wnicn cites a circular of which we have not as yet refrom working capital
$11,929,383
The shareholders will meet on Juae 17 at Roanoke, Va., to
vote on the proposition to authorize the $35,000,000
Outstanding,
Existing Securities—
Springfield & Urbana By. 5 p. o. bonds. $750,000
Preferred stook
1,000,000
Col. Grove City
Southwest. By. 5 p. o. bonds.
210,000
Central Market Street By. 5 p. o. bonds
500,000
Preferred stook
500,000
Common stook
750,000
New
bonds, %.
110 & Int.
95 & dlv.
&
105 * int.
107 & Int.
100 & Int.
30 & Int.
Urbana Bellefont. & Northern By. 5 p. o. bonds
500,000 105 & Int.
Kenton & Southern Ry. ft p. o. bonds
600,000 100 & int.
Hprlngfleld & Western Ry. 5 p. o. bonds
105,000 105 & lnt
Columbus London & Springfield Ry. com. stook. 1,000,000
50
Preferred stock
1,800,000
70 & dlv.
In all th« above exchanges of stock there will be given a
100-per-cent bonus of common stock of the Ohio Unton Traction Co. Exchanges are made through A. E. Appleyard
Co., Philadelphia and Boston; Central Trust
Safe Deposit
Co., Cincinnati, Ohio; Third National Bank, Dayton, Ohio;
City Deposit Bank, Columbus, Ohio, and the Springfield
National Bank, Springfield, Ohio.
Dayton
is estimated at about $225,000 yearly.
The Tonopah mines are located In Nye Co.. Nevada, having been
imrohased in 1901 purely as a prospeot by Philadelphia and New
alone
ceived a copy]:
&
&
York
capitalists. Stook, all outstanding, common, $1,000,000; preferred, 8 per cent non-cumulative, $305,000, the latter belug subject
to oall at par and to be retired In May, 1904; par of shares, $1 eaoh.
No dividends have yet been paid on the oommon.but 8 per cent has been
paid on the preferred sloee organization. Dividends on the common
whloh has been selling at $» to $10 per $ I share on the curb
market In New York and Philadelphia, are expeoted to be begun this
fall as the result of the shipments of ore through operation of the
railroad. The mining company has. it is stated, about $500,000 oash
on hand from the development of the property above expenses, no
working oapital having been provided. Yield of ore, $200 to $5,000
per ton; property opened up for about 6 miles; lowest explored depth,
700 feet. President. John Brook; Vice-President, O. K. Miller; Constock,
sulting Engineer,
John Hays Hammond. OfH je, Philadelphia.
Underground Electric Railways Co. «f London -President
Charles T, Yerkes under date of April 5, 1904, writes:
Dlstrlot Railway Equipment.— As far as the work on the District
Road Is concerned and also the power house, there U every evtdenoe
that everything will be ready by the first of next year for operating
the
line.
In regard to the tunnels, the progress
Is
as follows:
—
Ape.
THE CHRONICLE.
30, 1904. J
Baker Street A Waterloo Ry.— The whole of the tunnelling Is completed between Baker Street and Waterloo Station. Our extensions
to "Elephant and Castle" and also to Paddlngton are progressing;
rapidly. The lift shafts are all sunk. It looks as though the main
load would be ready for operation about the first of the ootnini? year.
ChailDg Cro*s Euston & Hampstead Ry.— This line is progressing:
rapidly. Of the slDgle running tannela 40 p. o. Is completed; of the
station tunnels 30 p. o. and of the lift shafts 50 p. o
Great Northern P'ooadllly & Brompton Ry.— Of the single runnlne
tunnels 60 p. o. has been oompleted; of the single station tunnels 50
p. c; of the lift shafts 65 p. o. and of the stair shafts 10 p. o.
There Is every probability that all the tube lines will be finished in
about 2*« years from the present time. The faot that the power station
will be entirely completed leaves us with only the oonstruotlon of the
two lines, and the building of the stations, which oan always be puohed
along rapidly. Our expenditures are well within our estimates, whioh
is a condition not often realized.
Listed in London.— The London Stock Exchange fcas listed
the company's 5 per cent profit-sharing notes. Compare V.
78, p. 1499.
Urbana Bellefontalne & Northern (Electric) By.— Merger.
—See Ohio Union Traction Co. above.— V. 76, d. 218.
Utah Light & Railway Co., Salt Lake City.— Control.—
of London,
Chairman, J. B Braithwaite, announces its control of
the Utah Light & Railway Co, of Salt Lake City in jjthe following words:
Tne Gas, Water and General Investment Trust
by
its
of the city have amalgamated with us; so that
we now oontrol not only the eleotrlo lighting and the gas, but also the
whole of the street railways, extending to a matter of something like
60 to 80 miles. Eaoh oompany has a revenue, roughly speaking, of
The street railways
£100,000, and by combining we naturally place ourselves In an even
stronger position than we were In before, and we supply the power to
the street railroads from our generating stations, whioh gives us another source of income. We consider that the amalgamation with
them has greatly strengthened the whole position.
Power Co. the results for
For the former Utah Light
the ten months ending Oct. 81, 1903, were:
Bondint. Bal.,sur
Oross.
Net.
10 mos.—
$198,351
$484,221
$106,208
$89,143
1903
104,000
416,383
170,950
66,950
1902
"The surplus during the remaining two months of the
&
year— and they are the two best months, November and December—hap, we understand, been raised to about $125,000."
—V. 78, p. 704.
Wabash RR.— Notes Sold. — Vermilye
Butler
&
& Co.
and George P.
Bro. have purchased from the company, and sold,
$6,160,000 5 p.
c.
gold notes, redeemable after one year at one
These notes are secured
p. c. premium and due June, 1907.
by all of the stock and $6,600,000 of the first mortgage 50year 4 p. c. bonds of a new company to be organized to own
the Pittsburgh terminals. The suggested name of the new
company is the Wabash-Pittsburgh Terminal Railway Co.
Equipment Bonds,— In addition, the Wabash contemplates
an issue of about $900,000 5 per cent equipment notes,
maturing in ten years, 5 per cent being redeemable semiannually. Ten per cent of the cost of the equipment will be
paid for in cash, and the notes issued for the remainder
secured by all the equipment.
Pittsburgh Line, The extension from Jewett into Pittsburgh, 65 miles, also the terminals and new station in Pittsburgh are practically completed, and passenger service, it is
expected, will be inaugurated by the middle of June.— V. 78,
—
p. 1448, 1224.
Wabash & Rochester (Electric) Railway.—Bonds
—The Municipal Bond & Securities Co. offers
Offered.
for sale $675,-
000 of the authorized issue of $900,000 first mortgage 5 p. c.
gold bonds; denominations, $500 and $1,000; dated Jan. 2,
1904; due Jan. 1, 1934; semiannual interest payable at the
Cincinnati Trust Co., Cincinnati, Ohio, trustee.
Secretary E. S. Pratt, representing the Railway Company
and writing from its office, 926-27-28 Williamson Building,
Cleveland, says under date of Jan. 10, 1904:
The oompany Is chartered under the general railroad laws of Indiana and has the right to condemn property. Capital stock, $900,000. fully paid and non-assessable; $225,000 of this is 1 p. o. preferred
stock. The road Is [will be] 40 miles long [Including sidings], running
from Wabash to Rochester, Ind., and connecting at Wabash with the
line building from Marlon. This puts our road in direot connection with
the Union Traotlon,Co. and the entire gas belt, including Indianapolis.
The road will serve a population of 851 per mile; it has contracts for
freight to the amount of $76,000 per year. Lake Manitau, 2^ miles
wide by 4 miles long and 90 feet deep at greatest depth, Is looated on
the line. The oompany has an absolute right of way averaging 40
feet In width over private property, exoept through oltfes and towns;
also liberal franchises running from 50 to 99 years. Subsidies voted
amount to $110,000.
Directors— Chas. Oraine (President). Geneva. Ohio; P. E. Wlloox
(Vice President), Geneva, Ohio; E. S. Pratt (Secretary), Boranton, Pa.;
Barnum (Treasurer), Cleveland, Ohio; D. 8. Robertson, Geneva,
Ohio; a. Norvale, Cincinnati. OMo; L. A. Smartt. Cleveland, Ohio;
V. Zimmerman. Rochester, Ind.; Daniel Van Bueklrk, Roann, Ind.;
H. B. Shively, Wabash.'Ind.; Hon. John L. Griffiths, Indianapolis, Ind.
C. E.
Construction
is
reported to have begun.
INDUSTRIAL. &A8 AND MISCELLANEOUS.
American Arithmometer Co.— Detroit Plant.—The company, it is announced, will erect a 820 x 125-f t. building, with
a 195 x 80-ft. ell, in Detroit, Mich. The enterprise is at present located at 2100 Wash St., St. Louis.
The company was incorporated on Jan. 21, 1886, under
the laws of Missouri. It manufactures the Burroughs adding
machine, of which 17.0C0 have been sold. The capital stock
is $500,000 (par value of shares $100).
In April, 1902, the
dividend was raised from 5 to 1*4 p. c. quarterly. In 1903
the company paid 10 p. c. quarterly and an extra dividend of
10 p. c. total, 50 p. c. for 1903.
The present rate is 12}£ p. c,
quarterly, that being the amount of the April distribution.
;
—
155i
No
preferred stock, no bonds, no debts. The shares are
(see Quotation Section).
Officers:
Joseph Boyer of Detroit. President; H Wood, Vioe-Presldent; B. G.
Chapman, Seoretary and Treasurer; Alvan Macau!ey, Gen. Mgr.
quoted at 450 bid
American Can Co.— New Officers.— O. H. Bogue has been
elected a director to succeed C. S. Guthrie andR. L. Skofield
F. S. Wheeler has been made Treasto succeed Mr. Apfel.
urer, and D. Q. Reid and H. N. Norton Vice-Presidents.
See annual report on p. 1546. V. 78, p. 1111.
—
American Graphophone Co.— Common Stock— Dividends
Resumed.— The company has declared a dividend of one per
cent (No. 25) on the $1,202,000 common stock, payable June
15 to stockholders of record June 1, 1904. This is a resumption of dividends on the common etock, the last previous
distribution on which was made in 1901. The company's
dividend record since 1895 (compare V. 70, p. 790,) follows:
1902. 1901. 1900. 1899. 1898. li:97. 1896.
1903.
Tear7
8
7
7
7%
7%
7
7
Preferred..
8
6
7
O
5%
8
73t
Common...
-V. 78, p. 1225, 1168, 226,
American Window Glass Co.— Dividend.— No dividend
has been paid on this company's stock since March, 1903.
V.
77, p. 2282.
Automatic Electric (Telephone Manufacturing Co.), Chicago.— Dividend.— The company has declared a dividend of
8 per cent, payable in four quarterly instalments of 2 per
cent each, beginning May 2.— V. 78, p. 344.
—
—
New Stock.
Cambridge (Mas?.) Electric Light Co.
Stockholders of record Nov. 2, 1903, have until May 31 the
right to subscribe to $100,000 new stock at $140 per $100
share in the ratio of one new share for each six shares held.
Subscriptions are payable on June 10, 1904. The "Boston
News Bureau"
says:
The Cambridge Eleotrlo Securities Co., a stockholders' trust, whioh
now owns 4,311 shares of the 6,000 Oamoridge Electric Light Co.
stock now outstanding, has made a similar increase in Its capital and
Is offering Its new stock to members of the trust agreement as a substitute for new Cambridge Gas Light Co. stock, The last sale of Cambridge Eleotrlo Light Co. stock was at 205.— V. 78, p. 1394.
Cambridge (Mass.) Electric Securities Co.— See
bridge Electric Light Co. above. V. 77, p. 512.
—
Cam-
Carnahan Tin Plate & Sheet Co. Re-incorporation.— This
company has surrendered its New Jersey charter and has increased its capital stock under the laws of Ohio from $300,000 to $500,000.— V. 75, p. 1205.
Cincinnati (0.) Gas & Electric Co.— Dividend Increase,
Etc.— The directors decided on April 23 to increase tbe dividend rate, beginning with the next quarterly distribution,
July 1, from 1 to \% p. c. each three months, making the annual rate 4% p. c, as against 4 p. c. from July 1, 1901, to
date. This action was taken after an investigation by directors Charles P. Taft and R. A. Holden, which, according
to the "Cincinnati Enquirer," showed:
It would not be necessary to inorease the oapaoity of the gas plants
until the year 1906, even at the present rapid increase of gas consumption, nor would It be necessary to make a further Inorease in the
stock. The earnings, the Inorease made during tbe past twelve
months, and what is expected In the future, justify the directors iu Increasing the dividend, for with the inorease the oompany will have on
the 1st of next January, after paying all expenses, fixed charges and
dividends, a surplus for the twelve months of $100,000.
The authorized
issue of capital stock
was increased in May,
1903, from $29,000,000 to $31,000,000; outstanding Apr., 1904,
429,035,000; par of shares, $100; bonds, $1,300,000 Cincinnati
Edison first mortgage 5s due June 1, 1917.
has been elected a diNew Director. Ca&imir L.
rector to succeed the late W. A. Goodman. V. 78, p. 231.
—
Werk
—
Citizens' Light & Power Co., Seattle, Wash.—Merger.—
See Seattle Lighting Co. below.— V. 77, p. 1585.
Citizens' Water Co., Burlington, Iowa.— Bonds Offered.—
This company will receive bids until noon, May 2 for $117,800
of its 4 p. c. first mortgage bonds dated May 1st, 1903, payable May 1, 1923, without option; intereat payable May and
November. An advertisement says:
The interest is a preferred claim on that part of the water fund to
be raised by taxation, and will be paid by the city direct to the holders
of ooupons, the city agreeing by ordinance to levy a live mill tax on
an assessed valuation of over three million dollars for the purpose.
Total authorized issue. $220,000. Denominations. $100,9500, $1,000.
Of the bonds offered, $42,300 are for delivery on that date; $25,000 on
July 1st, and the remaining $50,000 at later dates during the year
1904, as funds are needed.— V. 75, p. 668; V. 76, p. 920, 975.
—
Consolidated Lake Superior Co.— Reorganization. The
to enable the Ontario Government to guarantee $2,000,000
of notes, to ensure the carrying out of the Moffly reorganization plan (in V. 77, p. 1296), was passed by the Ontario
Parliament on April 22 by a vote of 48 to 45, The notes will
be issued by the "Canadian Improvement Co.," and will
bear 5 p. c. interest and will probably be dated May 1 or
June 1, 1904. They have been sold to Blair & Co., and
will be secured by pledge of first mortgage bonds of the
Algoma Central & Hudson Bay Ry. (V. 75, p. 683 V. 77,
d. 193, 1532) and of bonds of the successor of the Consolidated
Lake Superior Co., which will probably be known as the
Lake Superior Corporation. (Compare V. 78, p. 1169, 990.)
The action of the Ontario Parliament, it is believed, clears
the way for the completion of the reorganization, under
which there will be authorized $40,000,000 of capital stock,
$10,000,000 of first mortgage bonds and $3,000,000 of income
bill
;
bonds.
The following from the "Philadelphia News Bureau" is
pronounced a substantially correct statement of the oper-
—
:
THE CHRONICLE.
1552
ations of tho Canadian Improvement Co. (the auxiliary of the
Moffly committee) in paying and adjusting the floating debt
and providing working
capital:
Credits—
to be raised by notes guaranteed by Ontario 9ov't..$2,000,000
Portion of Speyer loan Bold to Improvement Co. on basis of
10 p. o. down and balance in two years secured by secur3,000,000
ities of new company
Underwriting and assessments deposited with Fidelity Go.
2,500,000
(about $1,200,000 paid In)
Amount
Claim for labor,
p.
etc., sold to
Improvement Co.
[Bee V. 78,
1,000,000
1,000,000
"
U.S.
"
"
U.
U.
$9,500,000
"
etc).$5, 600,000
"
"
Total
"
Debits -
Speyer & Co. loan
(lnol.
$550,000 for interest, expenses,
2,400,000
Floating Indebtedness
Working capital guaranteed by Improvement Company and
1,000,000
required by text of the Ontario loan bUl
$9,000,000
Total
This aooount seems toindloate that, unless unforeseen olroumstances
arise, the Canadian Improvement Co. will not have to make any further oall upon the subsorlbars, who have already paid In $500,000.—
V.78, p. 1500,1169.
Crucible Steel Co.— Sale.— See United States
poration below.— V. 78, p. 585, 105.
Sfceel
Cor-
Defiance (0.) Water Co.—Receivership.— Jndge J. R.
Richards, in the United States Circuit Court at Toledo on
March 30, appointed W. J. McGonigle of Louisville aa receiver of the company in the snit of the Metropolitan Trust
Co. of this city, to foreclose the $200,000 6 per cent mortgage
of 1888, interest on which has been in default for six years
past. The "Toledo Blade" says:
The olty of Defiance owes the water company over $50,000 for
hydrant rentals, whloh has been In litigation for a number of years.
The running expenses of the plant during this time has been put up
by the bondholders, who are also the heaviest stockholders.
[Vol. lxxviii.
value.
TJ. 8.
in)
:
the final dividend will be paid in distribution of the balances
remaining in its hands as trustee after the disposal of all of
the assets heretofore held as collateral for said debenture
bnnds. This payment is made under the decree of the
United States Circuit Court of Kansas, dated April 4, 1904,
following the approval of the trustee's accounts by said
Court. The results of the liquidation follow:
Final
Total
Par
Series
990]
Canadian Improvement Co. capital ($500,000 paid
—
-V.
8.
8.
No. 1
A
B
US. D
U. 8. E
U. 8. G
U.S.
$100,000
100,000
81.350
40,400
93,000
90,250
8,000
40,700
1
-payment.
608 p. o.
764 "
1262 "
8 14
"
111 "
15-66 "
12-38 "
7-70 "
payments.
66-08 p. c.
77 64
"
10262 "
110-64
88-61
93-15
"
7238
"
"
"
110-20
«'
77, p. 2101.
Lord & Taylor (Department Store). New York City.—
Incorporated. This long-estab ished busine shas been incorporated at Albany under the old firm name. The capital
stock is $5,500,000, of whioh $2,500,000 id 6 p. c. cumulative
preferred stock.
Directors.— Edward P. Hatch, Edward H. Titus, Joseph H. Emery,
Edward Hatoh, Wilson H. Tucker and Walter L. Titus of New York
and Howard P. Bell of Arlington, N. J.
—
Michigan State Telephone Co. First Dividend.—The first
quarterly dividend of \% p. c. has been declared on the
$2,285,000 preferred stock payable on May 1.
Terms.— In the settlement with the holders of the bonds of
the Detroit Telephone Co. (total issued $603,000) the company, we learn, has given $480 in bonds, $206 25 preferred
stock and $428 75 common and $2 50 in cash, in lieu of
January interest, on each $1,000 bond assenting. V. 78
—
p. 1278, 823.
Mississippi Glass
Co.— Consolidation,— This company was
Des Moines Edison Light Co., Das Moines, Iowa.— Re- incorporated at Albany on April 22 with $3,000,000 of authornewal of Incorporation.—This company advertises the fact of ized capital (common) stock in shares of $100 each, all outstanding, as a consolidation of the following going concerns:
its re-inoorporation for twenty years from Feb. 2, 1934, under
the laws of Obio. The capital stock is $1,125,000, in shares of Mississippi Glass Co. of St. Louis, the Appert Glass Co. (V.
$100 each, and its indebtedness, it is provided, shall not ex- 76, p. 1308) and the Rolled Glass Co., including the Morgantown (W. Va.) faotory and the Latrobe factory. The new
ceed two-thirds of its capital stock. V. 73, p. 84.
—
Detroit Telephone Co.— See Michigan State Telephone Co.
below.— V. 75, p. 613.—
Equitable Illuminating Gas Light Co. of Philadelphia.—
Output. The statement of gas sold in the City of Pailadelphia for the quarter ending March 31, as filed with the city
authorities, compares as follows :
Cubic feel gas—
1904.
1903.
1902.
—
3 mos. ending Mar. 31 .1,888,589,920 1,906,405,590 1,408,872,060
3 mos. gross revenue....
$1,888,590
$1,906,405
$1,403,872
Of whloh olty receives...
188,859
190,640
140,387
.
—V. 78, p. 586.
Hartford & New York Transportation Co. -Bonds.—
Francis R, Cool?y, of Hartford, in offericg $50,000 of this
company's new bonds at 103J>£ and interest, saye:
First mortgage, *i« p. c, due May 1, 1934. Interest M. & N. Capital
stock, $500,000; surplus, $300,000; total bonds, $200,000. The bonds
are secured by first and only lien on all the company's real and floating property in Connecticut, and are Issued to refund an equal amount
of 6 p. o. bonds called for payment on May 1st, 1904. Insurance to
the amount of about $400,000 Is payable to the trustee of the mort-
gage.
The company has been Increasingly successful for many years. Its
capital stock was increased In 1903 from $252,000 to $500,000 by the
subscription of the stockholders to new stock at par. The funds thus
obtained were applied to fl Dating debt lnourred in purohase of barges
and tugs and in retirement of barge scrip and In dock and warehouse
construction. Stock is quoted at 182 3140 p. o. and pays 6 p. o. dlvi
dends.— V. 78, p. 1500, 705.
Indiana Water Co., New Albany, Ind-— See New Albany
Water Works Co. below.— V. 75, \. 345.
Kin loch Telephone Co., St. Louis.— Report —The following earnings, etc., for the years 1901-1903 are published:
Calendar Cross
Net
Interest
Balance, Telephones
year— earnings
earnings.
taxes, etc.
surplus.
Dec. 31.
1903
1902
1901
$578,000
472,136
376,221
$326,000
270,262
185,490
$186,000
157,226
135,832
$140,000
113,036
49,658
11,500
9,822
8,241
Stock authorized, $3,000,000; outstanding, $2,000,000, par
$100. Bonds, first mortgage gold 6s due Aug. 1, 1938, interest Feb. and Aug., $2,000,000.
(Compare V. 77, p. 772; V.
0720-V. 77, p. 772.
Lehigh Coal & Navigation Co.— Rumors.— For some time
past rumors have been ourrent of the possibility of a favorable change in the status of this property, and latterly there
68, p.
has been talk of the control passing by lease or otherwise to
the Reading, or the,New York New Haven
Hertford, or
both. Owing to the manner in which the stock is distributed
and held for investment doubt is expressed as to the transfer
of stock control, but the impression is growing that in some
manner the property is to benefit from the establishment by
the N. Y. N. H. & H. of its proposed through coal route
from the anthracite regions into New England via the
Ponghkeepsie Bridge.
See N. Y. N. H. & H. under
" Railroads " above.
Some weeks since it was rumored that the Lehigh Coal &
Navigation Co. had purchased a controlling interest in the
$1,500,000 stock of the Lehigh & New England RR., but
official confirmation of the report is thus far lacking.—
&
V. 78, p. 1166, 771.
Lombard Investment Co.— Liquidation.— The Metropolitan
Trust Co. of this city under date of April 12 notified the
holders of the debentures named below that on May 1, 1904,
of toe Mississippi Wire
Glass Co. (V. 76, p. 869; V. 72, p. 725), whose product made
such a good record in the Baltimore fire.
The new company has made a mortgage to the Mississippi
Valley Trust Co. of St. Louis, as trustee, to secure $1,000,000 of
6 per cent gold bonds, of which $750,000 have been issued.
These bonds are dated April 1, 1904, and due April 1, 1924,
but are subject to oall at company's option on or after April
1, 1909, at 110 and interest; denomination $1,000 each; interThe
est payable October 1 and April 1, at office of trustee.
only prior liens outstanding are $75,000 on Latrobe factory
and $65,000 on Morgantown factory. Directors (and officers)
President, Ed. W. Humphreys; Seoretary, Arthur J. Baldwin; Treasurer, William Dulles, Jr.; Julius 8. Walsh (President Mississippi Valley Trust Co.), St. Louis; Robert Walsh, St. Louis.
New York office 277 Broadway.
company owns a majority of the stock
Mntnal Telephone Co., Des Moines.— Recapitalization.—
The shareholders adopted on March 11 the plan for increasing
the capitalization in order to provide for reconstruction of
plant, extensions and additions. The plan provides for capitalization as follows
The authorized eapital stock shall be $450,000, divided into 15,000
shares of $30 each; $60,000 thereof shall be known and designated as
preferred stock, $90,000 shall be known as servioe stock, and $300,000 shall be known as common etook. The "preferred stock shall
bear interest at the rate of 7 per cent per annum, payable semi-annually, whloh interest shall be paid only out of the earnings but before
Every
any dividends are declared or paid upon the common stock.
*'
share of preferred stock shall at all times be subject to retirement by
the corporation at par plus unpaid dividends to date of purchase.
Service stock shall bear interest at a rate not less than 10 nor more
than 20 per oeut per annum, non-oumulative, as fixed from time to
time by the direotors, but said interest shall be paid only In discounts
to the holder of said stook on the general prevailing rates of the corporation for telephone servioe. All "common" stook now outstanding shall be and Is hereby declared to be servioe stock. The Indebtedness shall at no time exceed two-thirds of the outstanding stook.
New mortgage to Iowa Loan & Truse Co. of Des Moines, as trustee,
seourlng not to exceed $185,000 of 6 p. o. gold bonds of $1,000 eaoh,
dated April 1, 190 >. and due Jan. 1, 1914, but subject to oall Jan. 1,
1909, at par; Interest payable July 1 and fan. 1 at otlloe of trustee;
reserved to retire existing first mortga6e bonds, $36,000.
The new work calls for the expenditure of about $250,000,
including a new plant in Des Moines, with immediate capacity for 8,600 telephones and ultimate capaoity of 10,000, etc.
J. S. Bellamy of Knoxville, la., has become President.
J. C.
Hume
is
Secretary.
National Packing Co.— Allied Companies.— On March 1
new corporation, the Sperry & Barnes Co., took over the
business of Sperry & Barnes and the Merwin Packing Co,,
both of New Haven. Tin popular belief that the transfer
brought the last-named properties into the control of the
Swift interests cannot be confirmed, but E. P. Barnes of
New Haven is identified with the Swift enterprises.
The United Dressed Beef Co. of this city is another of
the concerns supposed to be dominated by the National
Packing Co. or its owners. V. 77, p. 1750.
a
—
National Salt Co.— Decision.— Justice Scott, in the Supreme
Court on Monday, dismissed the suit of the minority stockholders for an injunction to prevent the sale of the company's properties and for the removal of the receivers, Nathan
8, Beardslee and Frank P. McDarmott.
See V. 78, p. 1118.
V. 78, p. 1278. 1118.
Apr.
30, 1904.
THE CHRONICLE.
|
New Albany Water Works Co.—Purchase
of Minority
stockholders in this company represented by the Trowbridge- Niver Co., of Chicago and Boston,
recently purchased at par the $114,150 minority stock.
This settles the litigation which has been pending for
several years growing ont of the proposition of the majority
stockholders to merge the company with the Indiana Water
Co. The consolidation will be carried ont at once. The
Common Council of New Albany on April 4 passed an
ordinance which extends the franchise of the New Albany
Water Works Co. to Dec. 5, 1944, and the city contract for
hydrant rental for 35 years. V. 75, p. 845.
Interest.
—The majority
—
Orleans Water Works Co.— Payment of Bonds.—
Judge Don A. Pardee, in the United States Cirouit Court for
the Eastern District of Louisiana, on April 8, confirmed the
Master's report concerning the retirement cf the first mortgage bonds, of which $395,000 are outstanding. These bonds
are dated April 1, 1879, $500 each, and their semi-annual interest at the rate of 6 per cent per annum had been paid up
to Oct. 1, 1903, tut the principal remained unpaid. The
Court finds that there is a surplus of $205,000 available for
taking up the first mortgage bonds, and to provide the remainder of the money necessary it authorized Receiver
Frank T. Howard to issue not exoeeding $205,000 receiver's
These certificates are to be for the sum of
certificates.
$10,000 each, bearing 5 per cent interest, and payable 18
months from date, or earlier at the option of the receiver,
and are to have a lien on the property ahead of the $250,000
of 5 per cent second mortgage bonds dated Dec. 22, 1892, and
due Jan. 1, 1917. The interest on the second mortgage bonds
is payable January and July, and was paid up to the 5th of
January, 1904. The first mortgage bonds are to be paid with
interest to May 1, 1904. The receiver is authorized and
"directed to use the future surplus revenue of the waterworks
plant operated by him for the purpose of taking up and
retiring any or all of the certificates herein authorized to be
issued."— V. 73, p. 1064.
New Telephone Co., Indianapolis.— Securities,— TblB company, whose property is to be leased to the Indianapolis
Telephone Co. about May 1st, for the term of the franchise, on
terms stated in V. 78, p. 1226, is capitalized as follows
New
:
Par.
Date.
$100
....
Interest.
Outstand'g
Last divid'd, etc.
Feb., 1904, 1^%
6Q-P
$400,000
500,000
1st M. gold
1,000 1898
8g. J-J
1918
6g. J-J
243,000
1st oonsol M. 1 1,000 1900
1920
Interest at Central Trust Co., N. v., trustee.
$800,000 g. s
Quarterly dividends paid from Nov,, 1902, to date and now
guaranteed under lease 6 p. c. per annum.— V. 78, p. 1226.
Stock
Orient Coke Co., Pittsburgh, Pa.— Bonds.— The Farmers'
Deposit National Bank of Pittsburgh recently offered at par
and interest this company's $700,000 first mortgage 5 p. c.
20-year gold bonds dated April 1, 1904 and due April 1, 1924,
but subject to call in who'e or part on any interest day after
April 1, 1909, at 110, upon sir weeks' prior notice. Interest
payable October 1 and April 1, at aforesaid bank trustee,
Fidelity Title & Trust Co Pittsburgh; denomination, $1,000.
An advertisement affords the following data
SlnklDg fund required by mortgage, 10 cents on every ton of ooal
shipped and 15 cents on every ton of coke shipped. To be used for
;
,
:
retirement of bonds or for investment in additional ooal aoreage with
consent of trustee.
The company Is a Pennsylvania corporation owning a tract of Connelsvllle ooal, containing nearly 1,200 acres In the Klondike field, and
200 acres of surf ace on Danlaps creek, In Payette County, Pa. Most of
the property adjoins tbe ooal lands of H. C. Prick Coke Co. Theoapltal
stock Is $1,400,000 and bonds $700,000. An estimate of the net earnings with .-soo ooke ovens In operation, Is $132,200, ornearly fourtlmes
the interest on the bonds. J alia a Kennedy Is President. The other directors are Charles J. Morse, Sec and Treas.; Robert Bentley, of Ohio
Iron & Steel Co.; Henry M. Robinson. Youngstown, O Howard M.
Hooker, Pittsburgh; O.
Jaokson, Manager coke department of
Rogers, Brown A Co., Cincinnati, O.; and Held Kennedy, President of
the Monongabela Trust Co., Homestead, Pa.
Orin W. Kennedy, for 15 years Superintendent of the H. C.
Frick Coke Co., has purchased stock and become Manager.
;
W
Panama Canal Co.— United
Takes Title.— The
papers transferring the rights and property by the new
Panama Canal Co. to the United States were executed and
delivered on April 22 and on April 23 the transfer was ratified by the stockholders.
The United States gets an unen-
cumbered
States
title.
On
April 27 the $40,000,000 purchase money was paid to
the canal company with funds advanced by a Paris syndicate. On tbe same day Major Mark Brooke, now in Colon,
was authorized formally to receive the property on the
Isthmus in the name of the United States. The United
States has now to reimburse the syndicate on account of the
$40,000,000, and also to pay $10,000,000 to the Republic of
Panama. (See remarks in editorial columns.) The canal
company has asked $1,000,000 for work done since the
price
was
fixed.
Decision.—At Paris on March 31, the First Civil Tribunal
of the Seine gave its decision in the suit of the Republic of
Colombia against the Panama Canal Co. to prevent the
cession by the company to the United States Government of
its property and rights on the Isthmus.
The Court decided
1553
pleting the Christian St. station, on the bank of the SchuylThis is the third assessment called on the 1,000,kill River.
000 shares of $25 each and will make the same §10 (40 p. c.)
paid. Compare V. 78, p. 1501, 1419, 1444.
Pressed Steel Car Co.— Dividends.— The directors on
Wednesday declared a quarterly dividend at the same am unt
as three months ago, namely 1 p. c. on the common and iM
on the preferred shares.
Quarterly Statements Suspended. The company has ceased
making puolic its quarterly statements of earnings.— V. 78,
p. c.
—
p, 1114, 765.
Realty
Brooklyn.— Earnings.— The
Associates,
for the half-year
Ecceipti—
ending March
$213,091
Rents
25,855
Int. on bonds and mtgs..
3,088
Dividends
21,749
Profits on real estate sold
31, 1904,
results
are officially reported:
—
Expenditures
Real estate expenses
$33,945
Int. on bonds and mtgs..
49,189
Oeneral expenses
16,878
$150,012
Net profit
$113,771
Dividend payable April 15, 1904, $75,000 and reserved for
$263,783
;
83,204
profit sharers, $8,204
Balance added to undivided profits
onMaroh31,
The
total undivided profits
939.— V. 78, p. 46.
1904,
$30,567
$256,-
was
—
Republic Iron & Steel Co.— No Half- Yearly Statement.
The company, departing from its former practice, will, it is
stated, issue no semi-annual report for the six months ended
Dec. 81, 1903.— V, 78, p. 771.
& Ontario Navigation Co.— Earnings.— Results
two calendar years compared
Richelieu
for the last
:
Charges. Net profits.
$210,056
*189,632
$1,104,801
$20,423
1,086,666
196,217
21,632
174,584
Of the original $571,838 of bonds, $ 404,420 remain outstanding. Capital stock, authorized $5,000,000, of which $3132,000
Dividends of 6 p. c. per annum
(in $100 shares) subscribed.
are paid in May and November.— V. 76, p. 708.
Net.
Oross.
Tear.
1903
1902
Seattle (Wash.) Gas & Electric Co.— Merger.— See Seattle
Lighting Co. below.— V. 77, p. 1536, 2162.
Seattle (Gas) Lighting Co.— Merger.—This company has
been formed by merger of the three gas companies of Seattle,
namely the Seattle Gas
&
&
Electrio Co. (V. 77, p. 1536). the
Power Co. (New Jersey) (V. 77, p. 1535)
Citizens' Light
Power Co. (Washington). The
and the Citizens' Light
Electric Co. had outstanding $1,000,000
Seattle Gas
stock, also $750,000 first mortgage 6s and $550,000 consol.
Power Co. of
mortgage 5s; Citizens' Light
Jersey
$1,5CO,000 stock in $100 shares; no bonds,
&
&
&
The new company
is
New
a Washington corporation, and
its
capital stock, authorized and outstanding, is $4,000,000, of
which $1,000,000 is non-cumulative preferred; par of shares,
$100. The company reports its "annual capacity" as 450,000,000 cubic feet. Extensions to all parts of the city and
to the suburbs are proposed, the growth of the plant not having kept pace with the growth of the city. The Seattle Gas
Electric Co. had a plant for the manufacture of water gas
and coal gas and the Citizens' Company a plant for the manufacture of water gas alone.
Mortgage,— mortgage has been filed to the Manhattan
Trust Co. of this city, as trustee, to secure not exceeding
$3,000,000 of 5 p. c. "first mortgage sinking fund gold bonds,"
of which $729,000 are reserved to retire at or before maturity
the unpaid first mortgage 6s of the Seattle Gas
Electric
Co.; $1,000,000 are reserved for future extensions, improvements, etc., and the remainder are now issuable. The new
bonds are dated March 21, 1904, and are due March 1, 1944,
but subject to call, if drawn, to any amount on March 1,
1910, or any semi-annual interest day thereafter, at 110; denomination, $1,000. Amount outstanding, $2,000,000, including the $729,000 in escrow to retire the underlying bonds.
The Seattle Gas
Eleotric Company's first consolidated
mortgage for $2,500,000 has been satisfied, the only old bonds
remaining out being the $729,000 first 6s above mentioned.
Officers.— The officers of the new company are:
&
A
&
&
J. D. Farrell, President; J. W. Ollse, First Vice-President; L. C.
Smith of Syracuse, N. Y., recently President of Citizens' Light & Power
Co., Second Vice-President; H. & Cllse, Sooretary; G. A. Dounoe,
Treasurer, and O. R. Collins, Manager.
In connection with the deal Samuel Hill, President of the
Seattle Gas
Eleotric Co, sold his stock in that company.
&
,
(A. L.) Swett Electric Light
& Power
Co. of Medina, N.T.
—Bonds.— The
Title Guarantee Co. of Staten Island, 69 Wall
St.,
York City, recently offered this company's $250,000
first mortgage 5 per cent gold bonds.
Further facts:
Bonds dated Aug. 1, 1903, and due Aug. 1, 1933, but subjeot to call
on any Interest day after Aag. 1, 1908; denominations, $1,000, $500,
$100; Interest payable Feb. 1 and Aug. 1, at the Knickerbocker Trust
Co., New York City. Gross earnings tor 1902, $19,096, net earnings,
$8,612; for 1903 gross, $22,537, and net, $10,119. The income, when
improvements are made from the prooeeds of bond sale, is expected to
be largely Increased.— V. 77, p. 2103.
New
Tonapah (Nev.) Mining Co.— Guaranteed Bonds.— Bqq
Tonapah RR. above.
United Gas Improvement Co.— Results in Philadelphia.
that the Grovernmflnt of Colombia had lost all right of soverSee
Equitable Gas Light Co. of Philadelphia above.— V. 78,
eignty over the property in dispute, and all right to oppose
1279, 774.
p.
the transfer of its concession by the company. Colombia, it
United Metals Selling Co.— Jesse Lewisohn Resigns.
was said, would appeal.— V. 78, p. 992, 824.
Jesse
Lewisohn has resigned as the manager owing, it is ruPhiladelphia Electric Co.— Instalment Called.—The dimored,
to a difference of opinion as to policy. He is still a
rectors on Wednesday voted to call for an assessment of
member
of the board. The company is an ally of the Amal$2 50 a share on the stock, payable in two instalments of
gamated
Copper Co. V. 76, p. '34.
___
$1 25 each on June 1 and Dec. 1. The proceeds (about $2,500,000) will be used for extensions and conduits and for cornGP'" InTcitmtnt Newi Concluded on Pane 1558.
—
—
—
THE CHRONICLE.
1554
[Vol. lxxviii.
c^oxts itn& ^Botummts.
GENERAL ELECTRIC COMPANY.
TWELFTH ANNUAL REPORT FOR THE FISCAL YEAR ENDING JANUARY
PRESIDENT'S REPORT.
ing a profit of $138,644 06 upon securities sold, and
$750,796 69 royalties, dividends, sundry profits, etc,
(see page 1557), after deducting all general and miscellaneous expenses, and allowances for depredation,
Iosbss, and writing off $553,773 01 from Patent Account, and $2,027,841 52 from Factory Plants and
Machinery were
Less Interest on Debentures
1904.
$7,865,376 80
76,007 15
$7,789,369 74
Less net debit to Profit and Loss In writing off the patents, etc., of the Stanley Electrlo Manufacturing Company and other acquired interests, and balance due
on all turbine patents acquired by the Company, and
n re-valuing stocks and bonds owned
Tear.
fiscal
98
1 ,470,098
year was
4.482,701 99
$10,801,972 75
3,508,284 00
Paid in dividends during the year
The profit from the sale of securities was $835,005 68 less
this year than in 1903.
The disturbed financial and other unsatisfactory conditions of the past year have considerably affected your business, and the percentage of profit upon business done is
smaller than for the previous year; the increased price of
copper, higher-priced and less effective labor, large expenses
in developing steam turbines, and lower selling prices, have
all contributed to this result.
Details of the business in the Selling and Manufacturing
in the reports of the First and
Departments may be found
Third Vice-Presidents.
The Financial Report of the Treasurer and General Auditor
also submitted.
certificate of Public
The
By
Accountants
is
attached hereto.
order of the Board,
C. A.
COFFIN,
President.
FIRST VICE-PRESIDENT'S REPORT.
Schenectady, N. Y., April 20, 1904.
C. A. Coffin, Etq., President General Electric Company;
Sir: -I submit the following report upon the operations of
the Sales Department for the fiscal year ending Jan. 31, 1904:
SALES AND ORDERS.
The total sales (amount billed to customers) during the
past year were $41,699,617.
A comparison with the previous five years is as follows
Tear ending
Amount
Orders
:
Jan. 31.
1899
1900
1901
1902
1903
1904
% Operating
Exp. to Qross
Receipts.
Steam
691
$230,463
654,175
Lake Street Elevated, Chicago.
$227,298
1895
$290,000
$517,305
1899
697,513
331,553
365,960
1895
1899
Eleotrlo
Steam
Electrio
$744,167
1,170.381
$573,704
516,206
44-1
56-1
475
Manhattan Elevated, New York.
55*8
1901 $9,416,888 $5,253,230 $4,163,658
44'7
1903 12.208,337
5,460,793
6,747,544
The figures in the case of the Manhattan road are made
more interesting by the fact that the number of passengers
carried in 1903 was 246.587,022, as against 190,045,741 in 1901,
while it will be noted that the operating expenses were only
$207,564 more in 1903 than in 1901. The 1903 figures given
above are for the year ending June 3D, 1903. The results
since that date are even more favorable to electric traction.
Steam
$7,293,688 75
Surplus January 31, 1904
is
Receipts.
Net
Earnings.
South Side Elevated, Chicago.
$6,319,270 76
end of last
Operating
Expenses.
Orots
i
at the
and express themselves as ready to adopt electricity as
soon as its economical operation has been demonstrated by
the installations now in progress.
The South Side and Lake Street Elevated Railways of Chicago and the Manhattan Elevated Railway of New York City
are three roads which originally operated oy steam and have
since adopted electric traction. The South Side Elevated and
the Manhattan ara equipped respectively with the Sprague
and Sprague-General Electric Multiple Unit Control
System and all are equipped with General Electric Company's apparatus. A comparison of results obtained with
steam and electricity is given below:
tion
Schenectady, N. Y., April 25,
Stockholders
To the
of the General Electric Company:
The profits of your Company for the past year, includ-
The amount of surplus
1904.
31,
Silled.
Received.
$15,679,430
22,379,463
28,783,275
32,338,036
36,685,598
41,699,617
$17,431,327
26,323.626
27,969,541
34.350,840
39,944,454
39,060,038
The orders received during the past year include
Generators, rotary converters and steam turbines, aggregate capacity about 900.000 horse power.
Railway motors,
more than 7,000, aggregating over 300,000 horse power
capacity. Transformers, over 650,000 horse power capacity.
Stationary motors, more than 15,000, aggregating over
200,000 horse power capacity.
(Stationary motors include
:
both alternating and direct current motors.)
Arc lamps, more than 75,000. Meters, more than 110,000.
The equipment of the Manhattan Elevated road in New
York City has been completed and has continued to operate
with complete success, frequently carrying more than one
million passengers per day. This road has now been operated electrically for about one year, and despite the early
unfamiliarity of the operating men with electrical apparatus and the enormous increase in traffic, not a single passenger in the elevated trains has met with a fatal accident
that in any way, directly or indirectly, could be attributed
to the electrical apparatus. This record is not only one of
which the operating department may well be proud, but it is
also a strong testimonial to the reliability of the electrical
apparatus. It is worthy of note that the popular apprehension of the ''deadly third rail" is without foundation as regards danger to the public. There is not a recorded instance of a passenger being killed by the third rail.
Most of the equipment for the Interborough Rapid Transit
Company, New York City, has been delivered, and many of
its cars have been operated for months on the lines of the
Manhattan Division.
STEAM RAILROAD EQUIPMENTS.
Considerable progress has been made during
the year in
New
this important branch of our business. The
York Central Railroad has placed large orders with this company for
electrical apparatus to operate its trains south of Croton (a
distance of 84 miles from the Grand Central Station).
The officers and engineers of many of the great railway
systems are watching closely the progress of electric trac-
Electric
MULTIPLE UNIT CONTROL.
The Sprague-General Electric control equipments on the
Manhattan Elevated have continued to give satisfaction to
its officials and engineers, and by prolonged test have proved
their strength, reliability and durability. The same is true
of the Interborough equipments during the time that they
have been in operation.
During the past year we have secured the order for the
complete equipment of the elevated road in Boston with the
Sprague-General Electric system and orders for the same
type of multiple unit control have been given by the Yerkes
System of underground roads in London to the British
Thomson-Houston Company, and by the Metropolitan Underground in Paris to the French Thomson-Houston Company.
The Central Underground Ry. of London has also equipped
its entire system with the Sprague-General Electric Control.
The list of roads and number of cars equipped, or under
contract in last report has been increased as follows
:
ROADS USING SPRAGUE-GENERAL ELECTRIC CONTROL.
No. of
LocationName —
Oars.
Athens APireus Ry
Aurora Elgin & Chicago Ry. Co
Baltimore & OMo RR. Co
Boston & Albany RR. Co
Boston Elevated Ry. Co
Boston & Maine RR. Co
Boston & Worcester Electrlo Ry
Brooklyn Rapid Transit Co
Athens, Greece
Chicago, 111 .....
Baltimore, Md..
Boston, Mass
Boston. Mass
Concord, N. H
Worcester, Mass
Brooklyn, N. Y
Butte Eleotrlo Ry
Canton& Akron Ry
Central London Ry
Butte,
Mont
London, Eng
France
Chesapeake, Md
Ry
„Deadwood,
S.
D
3
»
Columbus, Ohio
Columbus. Ohio
Davton, Ohio
Denver, Col
Detroit, Mloh
Cleveland, Ohio
14
11
1
5
10
<fe
Y
& New Albany
Kolm Ry. Co
Lake Shore Eleo. Ry.
Ry. Co
Louisiana Purchase Exposition
Manhattan Ry. Co
Mediterranean Ry. Co..
Milwaukee Eleo. Ry. Co
Newark
A Zanesville Ry
& Hartford RR. Co
Northeastern Ry
North Shore Ry. Co
Northwestern Elevated Ry
Oakland Transit Cons. Ry. Co
Paris Metropolitan Tramway Co
Paris-Orleans Ry. Co
Prussian Government Ry
Roohester <fc Eastern Ry
Saginaw Valley Traction Co
Sohenectady Railway Co
Soloto Valley Traotion Co
Seattle A Tacoma Interurban Ry
Springfield Troy & Plqua Ry. Co
South Side Elevated Ry. Co
N. Y. N. H.
Underground Elec. Rys., London, Ltd
Union & Gionn Springs Ry
Wilkesbarre& Hailcton Ry
Total
Total
1
177
22
38
50
..Columbus, Ohio
Gloversville Ry
Gloversvllle, N. Y ......
Great Northern & City Ry
London. Eng
Houghton Co. St. Ry. Co
Hancock. Mich
Indianapolis & Northwestern Trac. Co... Indianapolis, Ind
International Ry. Co
Buffalo, N.
Interborough Rapid Transit Co
New York. .. ........
Jeftersonvllle
28
4
2
10
68
2
5
.Canton, Ohio
Chemln de Per de l'Ouest
Chesapeake Transit Co
Chicago Bnrlington & Qutnoy RR
Columbus Buckeye Lake & Newark
Columbus Delaware & Marion Ry
Colnmbus London & Springfield Ry
Dayton Lebanon & Ciuoiunatl Ry
Denver A Northwestern Ry
Detroit & Chioago Ry
Henry A. Everett
Fonda Johnstown
1
.
New Albany, Ind
Kobu, Japan
Toledo, Ohio
St. Louis, Mo
New York
Italy
Milwaukee. Wis
Newark. Ohio
New Haven, Conn
.England
Sausalito. Cal
Chicago. Ill
Oakland, Cal
Paris, France
Paris, France
Berlin, Germany
Rochester, N.
Y
Saginaw, Mich
Schenectady, N.
Columbus. Ohio
Y
Seattle. Wash
Springfield, Ohio
Chicago,
111
London. Eng
Union, 8. C
Wilkosbarre, Pa
.
1
8
35
8
16
32
340
4
16
28
45
855
16
25
2
2
60
12
102
4
90
5
19
4
3
22
12
10
4
224
123
1
6
2,595
number
of roads
53
,
Apr.
:
THE CHKONICLE.
30, 1904.]
RAILWAY
MOTOIi8.
the
Company in 1892, we have
Since the organization of
sold 92,557 railway motors, having a total capacity of
3,420,537 H. P.
These motors are in operation in all parts of the world.
POWER TRANSMISSION PLANTS.
One of the important enterprises completed during the year
The
is a power transmission plant at Guanajuato, Mexico.
power is transmitted at a continuous pressure of 60,000 volts.
The transmission line is 101 miles long and the wires are
carried on iron towers 48 feet high and 440 feet apart, instead
of by the usual system of poles spaced at intervals of 100 feet
or 125 feet. Including steam and water power plants, we have
1,230.270 H. P. capacity
installed and under contract to-day.
Of the above, 514,910 horsepower
in multiphase generators.
capaoity are being operated by water power.
CURRENT ORDERS.
We
have received during the year about 176.834 separate
orders (not including contracts), an average of 570 per day.
ORGANIZATION.
1555
now
in operation in this station eleven machines of our
manufacture, making a total of 55,000 H.-P.
We have also shipped the first of the 10,000 H.-P generators
intended for the Canadian development of Niagara Falls
power, and the second and third machines of this same size
are nearly completed. These generators are the largest in
capacity that have yet been constructed.
We have continued to improve the design and methods of
manufacture of our switchboards for the control and regulation of electrical energy, and have received most of the important orders for such work placed during the past year.
We have designed and delivered to the Baltimore & Ohio
RR. two large electric locomotives, of the multiple unit
type, to be used in hauling trains through the tunnel under
the city of Baltimore. These locomotives are an addition to
those originally purchased in 1894, which are still in successful service.
The New York Central & Hudson River RR. Company has
placed with us an order for thirty electric locomotives which
will be used in hauling all trains on that portion of the main
line within a radius of thirty-four miles of the Grand CenEach of these locomotives will have a capacity
tral Station.
of about 2,500 H.-P.; they are the largest ever developed for
There have been no important charges in the Sales Organization during the year. This organization is distinguished steam or electrical work and are of an original and unique
by its strong feeling of esprit ae corp*, and it would r»e diffi- design produced by our engineers. We believe this order
cult to find a more loyal and hard working body of employees. is the forerunner of many others to be placed by steam railGreat credit is due them, and the Department Managers who roads.
have directed their operations, for the excellent results of
Our engineers have been engaged for several years in
last year's business.
developing and perfecting a line of single-phase alternating
Respectfully submitted
current motors suitable for use on railroads and tramways.
Eugene Griffin, First Vice President,
While this motor and its control are both new, they are based
upon patents already owned by this company.
THIRD VICE-PRESIDENT'S REPORT.
The past year has been marked by the successful introSchenectady, N. Y., April 20, 1904.
duction of the Curtis steam' turbine. We made an arrangeC. A, Coffin, Esq., President General Electric Company:
ment with the inventor of this turbine a number of years
Sir:— I submit herewith report on manufacturing and ago and as a result of his work and of our engineers, a type
of prime mover has been developed especially adapted f jr
engineering for the fiscal year ending January 31, 1904.
driving electrical generators. The combination of turbine
MANUFACTURING.
and dynamo is known Jas a "turbo-generator," is unusually
Expenditures aggregating $2,500,000, exclusive of the cost simple, efficient and of low cost. A large line of turbo-genof patterns, special tools, etc., have been made during the erators, varying in size from \% H.-P. to 7,500 H.-P. has
year for real estate, extensions to existing buildings and the been developed. We have sold about 350,000 H.-P., of which
erection of new ones, and for additional machinery.
35,000 H.-P. have been installed and are in successful operaThe following table shows approximately the floor space tion. It is believed that the low cost, simplicity, small
and the number of employees during the past six years
space and many other advantages of the Curtis turbine will
Floor Space. Employees. result in a greatly increased sale of electrical apparatus.
Floor Space. Employees.
1899
8,000 1902
.2,500.000
1,800,000
15,000
Our engineers have devoted much attention to the im1900
2,000,000
11,000 1903
3,000,000
18,000
1901
12,000 1904
3,700.000
2,300,000
17,000 provement and development of the various small articles of
Our factory buildings havelbeen overcrowded on account of manufacture, such as meters, instruments, switches, conthe rapid increase of business. Space and facilities are now trollers, arc lamps, incandescent lamps, motors, etc.
A larger number of Letters Patent covering new and imabout normal and proportioned for best economy.
The
inereases under way are intended to give us some surplus portant designs and devices has]been applied for during the
past year than in any previous year.
capacity in anticipation of further increase in business.
I
I
I
It is a pleasure to testify to the successful, effective and
Schenectady Works.
original character of the work of our engineers, and to the
The balance of machine shop of 117,000 square feet, men- energetic and economical work of our factory managers.
tioned in last report, was completed, and the building occuRespectfully submitted,
pied by July 1st.
E. W. RICE, Jr.,
The new power house is nearly completed and 4,000 H.-P.
Third Vice-President.
are now in service. The storehouse and transformer buildft.
completed.
ing of 176,000 sq.
has been
A machine shop of 237,000 sq. ft. for the manufacture of
FINANCIAL REPORT.
steam turbines was started about six months ago. The
Schenectady, N. Y., April 20, 1904.
foundations are laid and the structural iron work is- erected.
C. A, Coffln, Etq President, General Electric Company:
Many othe* minor extensions and additions have been made
Sir:
The Balance Sheet and Statement of Profit and Loss
in different parts of the works.
herewith
transmitted with an explanation of each item on
Lynn Works.
the Balance Sheet— include the assets and liabilities and
The buildings of 180,000 sq. ft. for the manufacture of profit and loss accounts of the Edison General Electric and
railway motors, transformers, small motors Jand accessories,
Thomson-Houston Electric companies (which, for convenmentioned in the last report, were completed early in the ience of bookkeeping, are consolidated with those of the
year.
Electric Company) at January 31, 1904; and when
A machine shop of 137,000 sq. ft. was begun several General
"the Company" is spoken of, both of the above-mentioned
months ago, and its construction is well advanced. This corporations are included.
building will be used principally for the manufacture of
ASSETS
steam turbines.
PATENTS. FRANCHISES AND GOOD-WILL.
Harrison Works.
During the year there was expended in acquiring sundry
The buildings mentioned in the last report, aggregating
patents, and in patent litigation, $553,773'01. This is in ad42,000 sq. ft., have been completed.
dition to the cost of acquiring patents of the Stanley ElecENGINEERING.
,
—
Engineering work of the past year has been largely devoted
to the extension, improvement and cheapening of our established lines of apparatus.
There has been a continued increase in the number of
motor to industrial work.
There has been a steady increase in the number of longdistance transmission plants. The electric pressure used
commercially has increased from 10,000 volts in 1893 to 60,000
volts in 1903, and we now have five large plants under construction employing 60,000 volts. The average size of the
transformer used in such installations has increased from 100
Kw. to 1,000 Kw., and the maximum size from about 300 to
applications of the electric
2,500
Kw.
—
Manufacturing Company and other interests, and all
all of which are separately charged to Profit
and Loss. The above $553,773 01 is also charged to Profit
and Loss, making the Company's patents, franchises and goodwill stand at $2,000,000, the same as at January 31, 1903.
FACTORY PLANTS.
This account represents the Real Etate (lands and buildings); Maohinery (steam and electric plants, tools, appliances, etc.): Patterns (including drawings, etc.), and Sundries (fittings 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.
tric
turbine patents,
Jan. 31, 1893. book value of
all
tbree factory plants... $3,958,528 21
that date to January 31, 1904 (over and above
The various installations mentioned in previous reports, in From
all ordinary expenditures for the maintenance and
which electricity is transmitted long distances, have conrepair of buildings and maohinery). additions of
lands, buildings, maohinery, etc., have been made at
tinued to be commercially successful, and many have been
increased; for example, 5,000 H.-P. capacity in generators
with the necessary transformers have been ordered by the
Government of Mysore for the Cauvery Kolar plant. This
nearly doubles its original capacity.
The remaining 5,000 H.-P. generators for Power Station
No. 2 at Niagara Falls, have been completed, and there are
a total cost of
Total book cost of the plants
There has been written off during the
a total of
14,295,518 53
$18,254,046 74
last eleven years
.!
Leaving their book value at January 31, 1901
11,754,04 6 74
$6,500.000 00
—
c
THE CHRONICLE.
1">56
Allowances fob Possible
Divided as follows:
Schenectady plant
$4,526,72129
285,000 30
Harrison plant (Lamp Factory)
$6,500,000 00
A summary of the
Annual Report
is
changes in this account since the
Book Value
Jan.
last
as follows:
31, t«03.
Cost of additions
during the year.
Written-off at the
end of the iear.
Book Value
Jan. 81, 1904.
Real Estate
& Bldgs. .$2,876,044 65 $1,667,293 76 $639,994 25 $3,853,344 16
Machinery 2,123,953 35 1,573,926 91 1,051,226 42 2,646,653 84
100
150,340 81
100
Patterns...
150,340 81
Furniture &
100
100
136,280 04
Fixtures..
136,280 04
.
Totals ..$5,000,000 00 $3,527,841 52 $2,027,841 52 $6,500,000 00
REAL ESTATE.
ment
of debts.
All are free from mortgages
tunities offer.
and
will
be sold when oppor-
STOCKS AND BONDS.
this
its allied interests.
Excepting those oarrled at one dollar as below explained, the total par value of all stocks and bonds
owned bv the Company Is $24,340,000 11.
They are carried at an aggregate book value of
$14,665,242 27
Miscellaneous seouritlesof many underlying, manufacturing, selling and patent-owning corporations, and
also of street railway and lighting companies, carried
at one doUar for eaoh lot, in all
104 00
Total book value of
ance Sheet
all
debts existing at Jan.
$
31, 1903, there was then
allowed
116,338 53
Amount of such allowance
absorbed during the current year in effecting
settlements (see footnote*)
32,960 37
Total.
$
$
558,238 81
674,577 34
246,223 32
279.183 69
83,378 16
812,015 49
395,393 65
80,483 71
021,575 17
702,058 88
values
163,861 87
Total face value (see preceding table)
2,459,358 43
933,590 66
1,097,452 53
13,845.437 84
16,304,796 27
Book value
12,911,84718
15,207,343 74
Balance of allowanoe remaining at Jan. 31, '04..
This allowance is now increased to cover possible
losses on all unse tiled
and unmatured balances
of the current and previous years
present
allowance
for poesible losses- to be
deducted from total face
Add book
of all above... 2,295,496 56
137 00
value of "Dollar" Notes and Accounts..
15,207,480 74
Total book value as per balance sheet
account has increased about two
million dollars, principally due to the acquisition of the Capital Stock of the Stanley Electric Manufacturing Company
During the year
Receivable.
Receivable.
On
Total
(Otheb Than Factory Plants.)
This account represents the investment in the Edison
Building, 44 Broad Street, New York City, and sundry parcels of land in various places, mostly improved and rented,
which have been acquired at various times, chiefly in pay-
Losses.
Accounts
Notes
1,688.275 41
Lynn plant
and
[Vol. 1KXVIII.
* In effecting
these settlements there was realized $186,391 69
over last year's book valuations, less $216 10 lost in settling some
debts below their appraised value. Net gain above appraised value,
$186,175 59.
WORK
IN PROGRESS.
This account does not include outlays for anything In
process of manufacture at the faotories, but represents expenditures for labor, material, etc., at cost, on
816 uncompleted Installations of finished apparatus
in
progress at various places
$2,273,562 94
Less partial payments thereon, received under the
terms of the contraots as work progressed
227,074 51
Balance as per balance sheet
stocks and bonds as per Bal-
$14,665,346 27
Pursuant to the established policy of selling securities
which there is no special reason for holding permanently,
various stocks and bonds have been sold for cash since the
$2,046,488 43
of the profit which it is estimated may be derived
installations is included in the net earnings for
the year.
None
from these
MERCHANDISE INVENTORIES.
These accounts represent actual inventories counted and
valued item by item of raw materials and goods manufacTheir total par value was $1,733,920 06.
of
They were sold for
$1,295,456 55 tured and in process of manufacture at the factories
They had been carried on the books at
1,156,812 49 shipments in transit to storerooms of local offices; of manufactured goods in storerooms of local offices
materials in
Profit
-.
$138,644 06
local repair shops; of office furniture and fixtures, machinery,
tools, instruments, etc., in the general and local offices and
NOTES AND ACCOUNTS RECEIVABLE.
in local repair shops, etc., and also of all goods on consignThis account represents the total debts now due the Com- ment.
pany.
A considerable quantity of apparatus and supplies is
They appear in the annexed Balance Sheet at an estimated carried at local offices for the convenience of customers to
realizable value i. e. from their face, $16,304,933 27 (which save time in delivery from factories and to save freight on
is about the billed amount of goods shipped during the last individual shipments to customers by having them shipped
4 months of the year) there has been deducted an allowance in car-load lots to lrcal office storerooms.
(which is believed to be ample) of $1,097,452 53 for possible
Active selling finished and partly finished apparatus and
losses (see next column).
supplies have been valued at estimated factory cost: inactive
or slow-selling apparatus and supplies at about 50 per cent
Sales During the Year,
The net amount of sales billed to customers during the of estimated factory cost; and obsolete apparatus and supplies at scrap value.
year was $41,699,617 71.
The total of inventories of apparatus and supplies in all
Of some 15,500 regular customers on the accounts receivable ledgers, an increase for the year of 1,000, there were local offices showed a decrease from book value, which
amount has been charged off to Profit and Loss.
debit balances against 6,350 at the close of the fiscal year.
Office Furniture and Fixtures.
Collections During thb Year.
last
Annual Report.
—
—
;
;
During the year the cash collections from notes and accounts receivable exceeded $39,000,000.
On January 31,
,
amount of notes and accounts
all of which have been settled
1903, the face
receivable was $13,491,039 38,
during the year except $1,756,345 50. A considerable percentage of this remaining amount of notes and accounts is
made up of the obligations of lighting and railway companies owned or controlled by the General Company, and
which will be liquidated as the securities of these companies
are sold.
Notes
Accounts
Total
Receivable.
Receivable.
Face Values.
<£
g>
m
Balances Jan. 31, 1903.. .2,411,374 50 11,079,664 88 13,491,039 38
Of which there have been
settled during the ps.st
year
1,654,734 20 10,079,959 68 11,734,693 88
Leaving unsettled or un-
matur e d— originating
prior to the current year
46 note accounts and
392 open acoounts
756,640 30
The unsettled and unmatured balances of the
current year are
1,702,718 13
—
Balanoes (facevalues) Jan.
31, 1904, exolusive of
"Dollar" notes and ac
counts
2,459,358 43
The total appraised value of all office furniture and fixtures, machinery, tools, instruments, etc. in the general and
local offices and in local repair shops is $166,059 77. All these
items are carried at a total book value of one dollar.
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 aocount at estimated faotory cost. Their total is...
Less 50% allowanoe for depredation
$139,798 75
69,899 37
Net book value of apparatus loaned and consigned
as per Balance Sheet
$69,899 38
LIABILITIES.
The Company has no Note Payable.
Since January ,11895, the Company has not borrowed money
999,705 20
1,756,345 50
nor incurred obligations, except for the three and one-half
per cent Debentures issued in payment for Sprague securities
12,845,732 64 14,548,450 77 referred to below; nor at any time since that date has its
credit been used either by issuing notes, endorsing customers'
paper for discount or lending its name in any way except as
stated below. By adhering to its established policy of main13,845,437 84
16,304,796 27
"Dollar" Notes and Accounts.
In addition to the above, there are notes and accounts
receivable of one hundred and thirty-seven debtors, aggregating $1,198,396 77 (face, valueJ, which have been written
off to Profit and Loss, except the nominal book value of one
dollar for each debtor. They stand on the books at a total
of $137, and are being liquidated gradually.
taining sales on a basis of cash, or short credit to desirable
customers, all purchases have been paid for in cash.
During the past autumn and winter the Company discounted some of the notes received from customers in payment for goods. The amount of such discounted paper outstanding when the books were closed for the j ear was $525,There are now outstand832, as set forth in Balance Sheet.
ing of these notes $25,893 00. No such notes have since been
discounted.
r
—
Apr.
THE CHRONICLE.
30. 1904.]
DEBENTURES.
At January
31, 1903, there
Debenture Bonds of 1S92
waB outstanding 5% Gold
$99,000
All these Debentures are on their face exchangeable
for stock at The option of their holders at the rate of
$100 of stock lor $i 20 of Debentures. During the
year the holders of 17 Debentures surrendered them
and 138 sha-es of stock weie issued therefor
The amount of unpaid vouchers carried over monthly by keeping the books, 'other than the cash book, opon a sufficient time to include each month's obligations m that particular month bas averaged during the year about $ ,320,-
—
000.
Respectfully submitted,
17,000
Henry W. Darling,
$82,000
There are now outstanding 3 M% 40- Year Gold Debenture Bonds of 1902, issued to aoquire the Sprag ie
Electric Co.
Treasurer.
Edward Clark,
2,049,400
General
Total Debentures outstanding at the date of the annexed Balance Sheet
i
Total Capital 8tock outstanding at the date of the annexed Balanoe Sheet
$43,866,700 00
Capital stock now outstanding
$43,866,700
Authorized against $82,000 Debentures outstanding
68,333
Authorized to be issued for $1,000 Debentures purchased for cash in Nov., 1900, and for fractions purchased to January 31, 1904.
25,266
Difference between amount of Capital Stook authorized to be issued in payment of Stook Dividend and
amount actually Issued
43,400
Not yet issued
996,300
00
34
66
00
00
* The Stanley Eleotric Mfg. Co., the stock of whioh was acquired
by
the General Electric Company early in 1903, carries a floating indebtedness of about $2,500,000, whlcn it is proposed to liquidate in th)
near.future.
This
New
York, Boston, Baltimore,
and Oolumbus,
30
0.
Broad Street, New York,
April 27, 1904.
lo the Board of Directors of the General Electric Co.:
We have examined the account books and vouchers of the
General Electric Company, the Edison General Electric Company and the Thomson-Houston Electric Company for the
year ending January 31st, 1904, and have verified the consolidated profit and loss account and balance sheet published
herewith.
Our examination of the merchandise inventories has satisus that the methods employed in taking them are sound,
and that Lhey are carefully valued, and finally that sufficient
reserves are maintained to render the valuations perfectly
$45,000,000 00
ACCRUED INTEREST ON DEBENTURES.
account, as its name implies, is the full amount
Certified Public Accountants.
fled
•
Total Capital authorized January 31, 1901
tor.
PATTERSON, TEELE & DENNIS,
were outstanding 418, 807^
the Capital Stock of the Company, par
31, 1903, there
shares of
value
...
$41,380,733 33
During the past fiscal year there have been added 138
shares issued in exchango for Debentures surrendered..
13,800 00
Issued as Stock Dividend in addition [to amount set
forth In last year's report
66 67
During the past flsoal year there have been added 19,721 shares, issued in part payment for the Capital
Stock of the Stanley Eleotric Manufacturing Co.*
1,972,100 00
tutu
Aud
$2,131,400
CAPITAL STOCK.
At January
1557
of
January 31, 1904, on both classes of the
Company's Debentures then outstanding.
UNCLAIMED DIVIDEND8.
This account represents the full amount unpaid on all dividends declared and payable to January 31, 1904, inclusive
the addresses of a few stockholders being unknown.
interest aocrued to
safe.
The reserves for possible losses on Accounts and Notes
receivable appear to have been made in the same manner as
in former years, and from past experience and present examination we believe these reserves to be sufficient.
have made careful investigation of the values of Stocks
and Bonds owned, and are satisfied that the book values are
sufficiently within the actual values, as indicated by records
of sales and by the profit and loss accounts and balance
sheets of the individual companies, to provide a good mar•
gin of safety.
The valuation of Factory Plants in the present balance
sheet is $1,500,000 more than in the balance sheet of January
31st, 1903, but this is after charging against the profits as
depreciation of factory plants an amount equal to 31 per cent
of the valuation in the present balance sheet and to 11 per
cent of the total book cost of the plants as shown on
We
page
1556.
The amount charged against the
ACCOUNTS PAYABLE.
This account includes all unpaid audited indebtedness.
At the close of business on January 31, 1904, the unpaid vouchers on hand— none of which was then due
under the terms of purchase -amounted to
$281,262 48
Between January 31 and February 26, 1904— the date of
closing the general books— additional liabilities belonging to the past year were audited amounting to
1,529,402 06
Total as per Balance Sheet
year's profits for expenditure in acquiring additional patents exceeds 60 per cent of
the valuation of Patents and Franchises in the present bal-
ance sheet.
The same care as in former years has been used to include
in the balance sheet all known liabilities of the Company.
Patterson, Teele
$1,810,664 54
Certifl
CONSOLIDATED BALANCE SHEET OF JANUARY
Assets-
&
Dennis,
d Public Accountants.
31, 1904.
LlABtLITIES—
Cash.
Stocks and Bonds
$3,289,446 18
$14,665,346
Real Estate (other than factory plants)
424,082
Notes and Accounts Receivable
15,207,480
Work in Progress
2,046,488
27
74
74
43
5%
$2,049,400 00
82,000 00
633 33
1,810,664 54
1,825 12
"
Accrued Interest on Debentures
Accounts Payable
Unclaimed Dividends
Deferred Liability on Account of Purchase of
Curtis Turbine Patents, Payable in Instalments
up to February 1, 1906
The Patent Investment for which this liability was
$32,343,398 18
Merchandise Inventories:
At Factories
$10,488,464 63
At Gen'l & Local Offices 1,247,754 37
Consignments
3^% Gold Coupon
Debentures
"
"
69,899 38
$3,944,572 99
834,000 00
incurred has
all been charged to Profit and Loss (see
pages 1554 and 1555).
11,806,118 38
44,149,616 66
Factory Plants
$6,500,000 00
Patbnts, Franchises an) Good-will.. 2,000,000 00
Capital Stock
Surplus
43,866,700 00
7,293,688 75
8,500,000 00
$65,938,961 74
$55,938,96174
Note— Toe Company had, at January 31, a contingent liability for
customers' notes discounted amounting to $525,832 00, of whioh
there are outstanding at April 20, 1904. $25,893 00.
E.
& O.
E.
Henry W. Darling, Treasurer.
Edward Clark, General Auditor.
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF JANUARY
T7* "V "p T7*
yj
^ T?
31, 1904.
Earnings—
fl*
SaleB
Cost of Sales (including $2,027,841 52 depreciation of
Factory Plants ...
$34,918,426 81 Royalties, Dividends and Interest on
Stocks and Bonds and Sundry Profits
Interest on Debentures
76,007 15
Profit for tlie current year
7,789,369 74 Interest and Discount
. .
$42,783,803 70
Net amount
Profit
-
in writing off the
$750,796 69
194,745 24
on Sales of Stocks and Bonds
Surplus at January 31, 1904, carried forward
to next year
945.541 93
138,644 06
$42,783,803 70
patents, etc., of the
Stanley Eleocrio Manufacturing Company and other
acquired interests, and all turbine patents acquired
by the Company, and in re-valuing all the stocks and
bonds owned
Dividends paid in Cash
$41,699.617 71
$1,470,098 98
3,508,284 00
Surplus brought over from last vear
Profit lor tne year ending Jau. 31, 1904
$4,482,701 99
7,789,369 74
7,293,688 75
$12,272,071 73
$12,272,071 73
E.
& O.
E.
Henry W. Darling, Treasurer.
Edward Clark, General Auditor.
—
:
,
THE CHRONICLE
!->.>s
United States Steel Corporation.— Contract
— Chairman Gary announced yesterday that the
to Purchase.
corporation
has contracted with the Crucible Steel Co. for the purchase
of the Clairton Steel Co. property. The prooerty will be
paid for by the guaranty of the United States Steel Corporation of securities heretofore issued by the Clairton Company
aggregating a little less than $13,000,000, and the delivery to
the vendors of United States Steel Corporation 10 60-year 5 p.
c. sinking fund gold bonds of the par value of $1,000,000.
The properties are acquired after a careful examination free
and clear of all floating liabilities or indebtedness, and for a
price materially less than cost, and less, too,"than they could
be duplicated for at the present time."
A contract has also been made with the Crucible Steel Co.
whereby the latter will receive and take from the subsidiary
corporation of the United States Steel Corporation, for a
term of 10 years, about 120,000 tons of steel per annum, and
about 80.000 tons of pig iron per annum on a sliding scale of
prices.
[Compare Clairton Steel Co. in V. 76, p. 437; V. 75,
p. 904, 82; V. 77, p. 105]
Called Bonds.— Ninety ($90,000) bonds of the Ohio Steel
Co. have been drawn by lot for redemption on June 1, 1904, and
principal and '.interest will be paid at the Dollar Savings &
Trust Co., Youngstown, Ohio, on that date.— V. 78, p. 1501,
[Vol. lxxviii.
3?ke (frommzxtml %imzs.
COMMERCIAL EPITOME.
Friday Night, April
29, 1904.
Advioes received from the various sections of the country
show an irregular condition of business. The spring season
over a considerable area, is decidedly backward, and holds
trade in seasonable goods in check. Dealers and jobbers
quite generally are showing a decidedly conservative spirit in
their operations in most staples. As a general rule an absence of speculative interest ha3 been noticeable, the general
desire being to confine purchases to well-defined current re-
quirements. A quiet condition of business has been reported
in the iron and steel trades, but prices have held to a steady
basis.
The reports from the interior, especially the Northwest, have continued to indicate slow progress in crop prep-
owing to unseasonable weather conditions.
Lard on the spot has been in moderately active demand.
1451.
Both exporters and refiners have been buyers and there has
Virginia-Carolina Chemical Co.— New Stock Underwritten, been a moderate advance in prices. The close was easier at
A syndicate headed by Blair & Co. has agreed to under- 7 -20c. for prime Western and 63^c. for prime City. Refined
write tne $6,000,000 of new preferred stock.
See V. 78,
lard has been in fair demand and at advancing prices, closing
1503.
arations,
—
p.
West
Rutliiiul (Vt.)
Water Works Co.—Bonds Offered.—
This company, by advertisement on page x, solicits bids for
$30,000 of 4J^ per cent 10-20-year gold bonds; interest semiannual and payable at the Proctor Trust Co., Proctor, Vt.;
denomination of bonds, each $1,000. A circular says:
The company was granted Its franchise and charter by epeoial Aot
of Legislature, session of 1902, Aot No. 209. Its oapltal stock is
$25,000. The population supplied is about 2,500, comprising 470
families and 36 public plaoes. Including stores, markets,
shops
and livery stables. The mortgage covers all the property, both real
and personal, of the corporation, together with its franchise. The
income from domestio users will be $3,000 per annum. In addition
the corporation expects to furnish hydrants for Are protection to the
village at an annual rental of between $600 and $700. The estimated cost of the system is $40,000.
Sealed bids will be received by the Treasurer at West
Rutland, Vt., and will be opened May 18, 1904, at 8 p.m.
R. W. Ross (care Tate
Hays, 71 Broadway, New York.) is
President; George C. Robinson, West Rutland, Vt., is Vice-
&
President.
West St. Louis Water & Light Co.— New Mortgage.—This
company has discharged of record the $1,000,000 mortgage of
1902, the bonds having all been canceled, and has made a new
mortgage to the St. Louis Union Trust Co., as trustee, to
secure $1,030,000
Compare V.
first
mortgage 20-year
6 p. c. gold bonds.
75, p. 687.
Zenith Furnace Co., Dnlath.
New Stock.— This Minne-
sota incorporation has filed a certificate of increase of authorized capital stock from $600,000 to $1,003,000. See V. 78, p.
108; V. 77, p. 2288.
—The Audit Company of New York is distributing the
sixth annual (1904) edition of the Directory of Directors in
the City of New York, corrected to March 1, 1904. This
edition has been increased by 100 pages over last year's issue,
and is now double the size of the first (1898) edition. The
Directory consists of an alphabetical list of directors or
trustees with New York City addresses, followed by the
names of the companies with which each is connected; and an appendix, consisting of selected lists of
corporations in banking, insurance, transportation, manufacturing and other lines of business, alphabetically arranged, accompanied in each case by the names of the companv's principil officers and all its directors or trustees. The
publishers have on file in their directory department lists of
officers and directors of all corporations doing business in
the city of New York, which may be referred to at the office
of the company at any time by subscribers to the Directory
of Directors.
Speculation in lard
been moderately active and prices
have advanced. The improvement in the cash demand and
the comparatively low prices ruling have attracted investment buying, To-day the market declined under selling by
at 7*30c. for reflaed for the Continent.
for future delivery has
packers.
DAILT OLOSIHG FRIOBB OF LABD FUTURES IN CHICAGO.
fhurt.
Tuet.
Sat.
Mon.
Wed.
fri
657i«
6-80
6-80
6-871*
6721*
6921*
July del'y
Pork has been in more active demand and prices have advanced slightly, closing at §13 75@14 25 for mess, $13 00@
15 50 for short clear and $14 50 for family. Cut meats have
had a fair sale and at steady prices, closing at 6^4@63^c. for
pickled shoulders, 9>^@9^o. for pickled hams and 6^@7^c.
for pickled bellies, 14@10 lbs. average. Beef has had a small
sale at unchanged prices, closing at $8 50@9 00 for mess;
$10@11 for packet; $11@12 for family, and $13@14 for extra
India mess in tcs. Tallow has been quiet and easier, closing
at 4 9-16c. Stearines have been quiet, closing at 7@7J^c. for
lard stearine and 5%@6c. for oleo stearlne. Cotton-seed oil
was quiet and easier at 30@30^c. for primo yellow. Raceipts of butter have been smaller, and the close wa3 firm
Cheese has been quiet but
at 13@24^c. for creamery.
steady at 8(gll^c. for State factory, full cream. Fresh eggs
have been in fair demand and steady, closing at 18@18>£3.
for best Western.
Brazil grades of coffee have had only a limited sale, the
trade generally appearing to pursue a waiting policy. Offerings have not been large, and prices have been well maintained, closing at 7J4c. for Rio No. 7 and l%o. for Santos
No. 4. West India growths have been in moderate demand
and steady for desirable grades, closing at 9@9J^c. for good
Cucuta. Speculation in the market for contracts has been
fairly active, due to the liquidation of the interest in May
contracts. The cloee was quiet but steady. Following are
closing asked prices
656c.
6-25o. Nov
May............ 5-85o. Aug
6-OOc. Sept
6-65c.
June
6-35o. Deo
May
6-tt2i«
del'y-
660
670
675
6-721*
6-871*
Ool
.__.._ 6-45o. March
6-95o.
have been in active demand, firm and higher,
6 10o.
July
Raw sugars
closing at 3 ll-16c. for centrifugals, 96-deg. test, and 8 3-16c.
for muscovado, 89-deg. test. Refined sugar has been in better demand and higher, closing at 4 '60® 4 '65c. less one per
cent cash for granulated in bbls. Teas have been in fair export demand for low-grade Congous. Cloves have been firm
and higher.
Kentucky tobacco has been firmly held, influenced by
advices received from the West reporting active and higher
markets. Seed-leaf tobacco has been in fairly active demand
and at full values. Sales have been reported of 1,500 cases
Wisconsin, and there has.been a fair call for foroe-sweated
-The "Stock Exchange Official Intelligence" for 1904 has
been issued. This elaborate and most useful work, edited
by the Secretary of the share and loan depaitment of the
London Stock Exchange, maintains in this, its twenty-second Connecticut. Sumatra tobacco has met with a good demand
annual, iseue its high standard. Particulars are given of 465
and at full values. Havana tobacco has been quiet but
new oompanies. This volume also contains for the first time steady.
a table of the gold production in 1908 of the principal TransA moderate business has been transacted in Straits tin.
vaal Mining companies. The list given of loans offered for
The tone of the market has been unsettled, but the close
subscription in London in 1903 shows an aggregate of £455,was steady at 27'80@2800c. Ingot copper has been in fair
000.000 as against £407,000 sterling in 1902. For commercial
and firm, closing at lS^'caiSf'gC. for Lake and 13^@
demand
and financial statistics and general information regarding
Lead has been in fair demand and
13J-4C. for electrolytic
the world's securities, the '"Official Intelligence" is an insteady at 4 60@4 65c. Spelter has been quiet and easier,
dispensable work. It is published by Spottiswoode & Co.,
closing at 5 20@5 25c. Pig iron has been quiet at $15@15'25
54 Gracechurch St., London.
for No. 2 Northern and $18-75 for No. 2 Southern.
Messrs. Fisk & Robinson have issued, in conjunction
Refined petroleum has been easier, closing at 8* 15c. in bbls.,
with their May Bulletin of Investments, an industrial map 10'85c. in oases and 5 '25c. in bulk. Naphtha has been unof the United States showing the advantage of the Gulf changed at 12'40c. Credit balances have been easier, closing
ports by reason of their favorable location with reference at $1 62. Spirits of turpentine has been in small supply and
to the Panama Canal.
steady at 58@58J^c. Rosins have been steady at $2 82% for
-Messrs. Joseph Walker & Sons offer $200,000 United oommon and good strained. Wool has had a slightly better
New Jersey Railroad & Canal Co. general mortgage 4 per sale and at firm prices. Hops have been in more active de,
,
,
,
—
cent bonds.
mand and
steady.
——
—
.
Apr.
..
,
THE CHRONICLE.
30, 1904. J
COTTON.
Friday Night, April 29, 1904.
as indicated by our telegrams
is given below. For the week ending
The Movement of the Cbop
from the South to-night,
evening the total receipts have reaohed 40,766 bales,
against 55,415 bales last week and 29,418 bales the previous
week, making the total reoeipts sinoe the 1st of Sept., 1903,
1559
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
Hew York, which are prepared for our special use by Messrs,
We
Lambert
& Barrows. Produce Exchange Building.
this
6,867 341 bales, against 7,304,869 bales for the same period of
1902-3, showing a decrease since Sept. 1, 1903, of 437,528 bales.
at—
Receipts
Mon.
Sat.
Tues.
Wed.
'
Thur$.
Iri.
Total.
|
1,224
836
2,979
1,437
1,711
......
...•a
......
......
......
585
241
2,187
3,131
5
3,612
1,755
1,557
9
4,624
5
241
16,866
......
827
801
647
854
2,978
1,029
26
510
6,479
<to
...«••
......
••
1,082
......
......
......
Charleston
Pt. Royal, <fco.
1
123
10
5
835
*•»
......
Mobile
Pensaoola,
8,771
<S»o.
Savannah
Brunsw'k,
April 29 at-
474
Leaving
Other CoastQrsat
Britain Fr'nee many. for'gn wise.
New Orleans.
Qalveston.. ..
Bavamnah..
|
Sab. Pass, Ac
New Orleans...
ON HHTPBOAKD, NOT 0LBA.RBD FOE—
Charleston
Mobile
Norfolk
210
7,585
7,093
..
. .
1.840
1,000
13,955
14,239
2,300
4,000
2,200
180,128
10,824
33,270
3,392
8,985
1,570
93,718
89,220
••»*
—
•
775
6,385
5.806
1,800
stock.
Total.
••••>
New York
Other ports
3]6bo
1,500
.
£800
i",6bo
700
8,516
3",800
Total 1904,.
19,178
7,415
40,494
346,057
Total 1908..
Total 1902..
27,424 13,880 23,791 17,447 12,108
18,982 10,851 24,882 21,428 9,636
94,144
85,778
282,437
490,503
5,885
Speculation in cotton for future delivery has bean on a
Early in the week, inflaenced by the
.......
......
......
continued dulness of the demand from spinners, coupled with
......
Wash'ton.&o. ammsmutm
203
222
719 1,291
364
425
3,224 the fact that there was a slight increase in the port receipts
Norfolk
......
388
«*•>••
......
888 of cotton, there was selling for the account of speculative
•«*«
......
Ao.
News,
N'p't
304
260
482
614
361
2,021 interests, and as there was no aggressive support given to the
New York.
As the week advanced,
248
100
164
101
438
42
1,096 market, prices gradually yielded.
developed
better
undertone,
more encourthere
a
however,
198
198
Baltimore
12
104
29
857 aging advices from the English markets having a steadying
162
50
Phlladelp'a, Ao
influence. Considerable talk was heard of the short supplies
Tot thta week. 5,600 9,696 8,490 7,986 4,129 4.8651 40,766 in the foreign markets, and predictions were made that forThe following shows the week's total receipts, the total since eign spinners will be better buyers before the end of the crop
Sept 1, 1803, and the stocks to-night, compared with last year. year. There have been reports current to the effect that inquiries from the China markets for cotton goods have been
1902-03.
1903-04.
Stock.
received in the Manchester market during the week. Weather
Receipts to
conditions in the cotton belt, particularly in the Western
This
Since Sep.
This
Since Sep.
1904.
April 29
1903.
sections, have continued to be reported too cool for the new
week.
week.
1, 1902.
1, 1903.
crop. To-day there was a moderately active demand. Ten25,063
Galveston...
8,771 2,296,899 21,226 2,022,801
61,094 ders were issued for the delivery of 18,000 bales of cotton on
Sab. P., Ac
241 100,045
6,885 139,623
May contracts, and prioes declined early, This cotton was
New Orleans 16,866 1,889,789 19,207 2,155,406 174,083 131,647 promptly stopped, exporters being credited with taking
Mobile
647 191,948
1,668 206,556
8,935
6,595 12,000 bales, and this had a bullish influenoe.
Buying by
130,516
26 151,626
P'saoola, Ao
shorts to cover contracts developed and prices rallied. The
Savannah...
6,479 1,105,300
6,547 1,270,030
35,570
28,195 close was steady at 1 to 7 points lower for the near months
120,760
1,808 128,328
7,007
Br*wlok, Ao.
2,980 and 10 to 17 points higher for the distant deliveries. Cotton
474 153,686
824 208,884
3.392
Charleston..
4,216 on the spot has been in better demand, exporters being the
buyers, but at a lower basis of prices, closing at 13'75c. for
331
1,278
88
P. Royal, Ao.
6,219
4 820,940
47 328,844
5,581 middling uplands.
Wilmington.
The ratei on and off middling, as established Nov, 18, 1908,
336
387
Wash'n, Ao.
4,439 483,971
10,091 by the Revision Committee, at which grades other than
Norfolk
3,224 456,474
5,370
18,630
206
148 middling may be delivered on contract, are as follows,
316
21,959
N'portN.,Ao
388
—...». .ft, 1*80 on Good Middling Tinged ..c. Even
15,008
309
29,115
97,718
88,089 Fair.,
2,021
New York.
Middling Fair .„^. ...... 0*96 on Strlot Middling Tinged.... 006 oft
26,752
93,210
23,500
31.000 Strlot Good Middling.
1,096
4,071
Boston.. ..
0*62 on Middling Tinged........... 012 off
988
984
198
26,104
40,019
5,158 Good Middling
Baltimore.
,..... 0-44 on Strlot Low Mid. Tlnsred... 0-84 oil
0-14 oil Low Middling Tinged.
0*60 off
254
3.550
1,837 Strlot Low Middling
13,376
23,779
357
Phlladel,Ao.
i
......
Wilmington
W
......
......
moderate scale only.
2
2
1
1
.
Low Middling.
386.561
40.766 6.867.3411 67,199 7,304,869
Totals
376,581
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Receipts
at—
Galves'n, Ao.
9,012
16,866
New
Orleans
Mobile
647
Savannah...
6,479
Wllm'ton, Ao
Norfolk
N. News, Ao.
All others...
wk.
1901.
1902.
27,611
19,207
1,868
6.547
474
4
412
47
3,224
4,439
Chas'ton, Ao.
Tot. this
1903.
1904.
16,248
23,934
155
6,990
1,829
2,554
8,105
388
316
97
3,672
6,952
3,230
40,766
67,199
58,142
1900.
4,822
23,332
1,864
3,519
16,526
23,695
2,286
3,874
679
935
449
631
137
4,398
2,777
8,232
13,979
4,811
10.687
88,666
42,509
66,966
28,318
25,886
473
14,232
1,201
948
Since Sept. 1 6867,341 7304,869 7131,442 6850,519 6235,684 7994,369
The exports
for the week ending this evening reach a total
of 77,888 bales, of which 43,579 were to Great Britain, 4,127
to France and 30,182 to the rest of the Continent, Below
are the exports for the week and sinoe Sept. 1. 1903.
Export*
irom—
Week Ending Apr. 29,
Exported to—
Qreat
Brit'n.
France
Galveston
Sab. Pass, Ac.
New Orleans.. 82,788
Mobile
Pensaoola
Savannah..
Bran* wick
Charleston
Port Royal....
Wilmington...
Norfolk.
N'port N„ 4c.
New York
7,001
Boston
Baltimore
1,929
Philadelphia.
San
Fran.,
Total.
8,769
1901.
From
Sept.
Conti- lotal
Week.
nent.
100
100
28,893
60.414
2,191
2,191
Qreat
Britain.
Ac
Continent.
17
1,910
89,241
200
664
54,205
29,980
87
48,055
43.066
6,860
234,458
200
8,924
308.688
4.124
8,649
4,256
142,666
876,468
95,054
90,243
32,926
42,114
25,688
5.813
36,038
2,946
48,117
Good Ordinary
.....
.......
UPLANDS.
48,5791
4.127
30,182
77,868 2,898.212 674,26* 2,571 ,2<)5 5,643,769
Total. 1002-ns. 35.019
106
41.44H
77,473 2,867,677 731.4'9 8,829,«0» 8,2*8.700
Sat.
Mon Tues Wei
Th, Frl.
1300 1276 1275 12 85 12-85 12-75
18 62 1337 13-37 13-47 1347 13-37
13-75 13 75 1385 1385 1375
14-44 14-19 1«-19 li-29 14-29 14 19
14 96 14-71 14-71 14-81 14-81 14-71
Good Ordinary.
Low Middling..
Middling
Oood Middling.
Middling Fair..
HOO
GULF.
Sat.
mon Tues Wed
Tb. Frl.
1325 1300 1800 1810 1310 1300
1887 13-62 13-62 13-72 13'73 13 62
14-25 14 00 14 00 1410 1410 1400
14-69 14 44 14-44 1454 14-54 1444
15-21 1496 14'96 1506 1506 14-96
Good Ordinary.
lx>w Middling..
Middling
Good Middling.
Middling Fair..
STAINED.
Sat.
Hon Tues
-Wed Th. Frl.
12-50 12-25 12-25 12-35
Low Middling
13*60 13-25 13-25 13-35
Middling
Strict Low Middling Tinged... 13-66 13-41 1341 13-61
Good Middling Tinged.
1400 13-75 13-75 13-85
1236 12-25
1385 13-26
1351 1341
13-85 1375
The quotations for middling upland at New York on
April 29 for each of the past 82 years have been as follows.
1904.. ..0.18-75
Total.
72,686
89.680
677,811 1,530,09 i
66,64»
117,078
66.642
121,272
564,198
801,684
92,125
7,224
11,243
1.100
—
17,115
713,076 289.712
86,122 16,308
12,039 18,691
181.037 66,299
84,801
3,881
1,100
France
Apr. 29, 1901
to
705.341 1,795.040
600
208,404
200
664
1908, to
773.080 816,619
67,880
1.000
368
1,
Exported
0-88 off Strlot Oood Ord. Tinged... 0-84 oft
72 off Middling Stained
050 off
Good Ordinary....
1-00 Off Strlot Low Mid. Stained... 1*06 off
Strlot Good Mid. Tinged.. 080 on Low Middling Stained
1-50 off
this
On
basil the official prioes for a few of the grades for
the past week— April 23 to April 29— would be as follows,
strlot
1903
1070
1896. ...0.
8H
1895...... 6i6, a
1894
. 77 18
1888. ...0. 9l3 1fl 1880....0.1H3,8
1108
1011,8 1879
1887
1902...... 91-1,
1878
10%
1886...... 9B, e
8t 1a
10<>8
11
1898..
1877
. 7\
1885
9i3
1134
1213,8
1900......
1884
1876
7k
ia 1892
68 16
8'8
1899
1875
1891
1883
105,8
16k
17*1
1898
63a
.1H6, 8 1882
1874
1890
12k
1897
7lii6 1889
lli 19
1011,8 1873
1881
19k
Notk.—On Oct. 1, 1874, grades of ootton as quoted were changed
Aooordlng to the new classification Middling was on that day quoted
380. lower than Middling of the old classification.
1901
MARKET AND SALES.
SPOT MABKBT
Closed.
Saturday
..
FUTURBI
Mahkbt
Closed.
Dnll
Monday
Quiet, 25 pts. do. B'rly steady.
Tuesday...
B'rly steady.
Wednesday St'dy, 10 pta. ad
iALBB OP SPOT
Jte-
oort.
3,052
600
Thursday.. DulL
Quiet, 10 pts. do. steady ......
3,552
Oonsump.
50
200
400
810
79
164
1,703
* OOHTBAOT
Contract.
Total.
1,200
3,102
1,900
200
700
400
810
279
864
2,100
7,355
~
«
W
.
:
—
.
THE CHRONICLE.
1560
Futures.
—Highest, lowest and closing prices at New York.
8
[Vol. lxxtiii.
At the Interior Towns
movement— that
the
the
is
week and
since Sept. 1, the shipments for the
week and the stocks to-night, and the same items tor the
corresponding period of 1902-03 is set out in detail below.
receipts for the
—
OOM
to
03-
i
I
**
COCO
WW
OD
WW 00WW
o
wwto -aw w
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MM MM MtO WW WW WW
tew WW
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to to
to to
oto 00 00 ©w CtO ow W-J w
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i
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9
1
9
ib
9
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w*
9
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9
9
i
9
9
05
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to
to
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9
m
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w
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fit
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3,000
21,000
21,000
5,000
589,000
.
o
to
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1°
l°
MO
kW-h
— aocc — w — co*
:
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;
bales.
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oJ(»oVab»w-V'"iiiVuVoc»VwabxV«aVtoVK5<iVa!
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19
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8.000
42,000
88,000
9,000
666,000
1,4, 6.00C
194.000
200,000
51.000
83,000
723,000
376.581
170,045
to
oo
to
o
MtOOOOtOll^MOS tO'^O'MtJh'l: "WM
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MMOOWW«4Cl^00'»Jt£MWt0©©CM00Wt3aCW>4<COOWOW'vlW
The above totals show that the interior stocks have decreased during the week 10,936 bales, and are to night 44,594
bales more than same period last jear. The receipts at all the
towns have been 30,23<J bales teas than same week last year.
Overland Movement for the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
Apr. 29 and since Sept. 1 in the last two years are as follows.
1903-04.
April 29.
Week.
1902-03.
Since
4:7,000
57,000
528,000
147.000
386.551
641.000
47,000
616,000
200.000
876.581
170,045
430
933,000
651,000
Since
Week.
Sept. 1.
Sept. 1.
—
Shipped
Via St. Louis
Via Cairo
2,081
913
320
V
472,000 444.000
250.000 325.00<i
576.281 619,954
United States stook
......
United States Interior stocks. 214, 639
276,628 485,343
53,435
6,082
27,705
United States exports to-day.
Total America*
l,fc63,625 2,051,056 2,513,991 2,553,002
Mail Indian, Srauil, de.~
113.000
85.000 129,000
Liverpool stock
120,000
10,000
7.000
London stook
8.000
10.00C
.'0.000
81.000
69 3CK
Continental stooks
43,000
195 000 194,000 121.000 10ti,O0C
Ind'a afloat for Europe
27,000
51.000
30.000
gypt.Braall.Ao., afloat
32,000
83.000 1 57,000 177,000
Stock in Alexandria, Egypt... 199.000
Btock In Bombay, India.. _.. 423,000 723,000 591,000 585.000
Total Bast India, A«.™_ 1.028,000 1.193.000 1,079 0O0 1,079,300
Total American
1,863,625 2.051,056 2,513,991 2,553,00 2
2.8P1.625 8,2*4.056 3,592.991 3,632.302
Total visible supply.
if milling Upland, Liverpool..
47 ta d
772d.
556d.
5kd.
10-750.
Middling Upland. New York..
13750.
9Ht«0.
HH0.
7
Egypt Good Brown, Liverpool
6» 16 d.
9d
9>4d.
6 e d.
Peru f Kough Good Liverpool 10-50d.
8-40d.
7d.
73, „d
478 d.
53 82 d.
Broaob Fine, Liverpool. .__
6 78d.
4*d.
41B 16 d.
51 le d.
43 16 d.
Tlnnevelly Good, Liverpool...
6\d.
•JP* Continental imports pa"t week b»w h«»-. lil.ono oaies
Note- Estimate of Manchester stook for 1903 now Included.
Htnivi- bgiutfl for 1904 show a decrease from last week
*
of 81.021 bales, a decline 01 352,431 bale- from 1903, * decrease
of 701,366 bales from 1W2 and a loss of 740,07? bales from 1901
Burope..
5=
to
Amtruan—
afloat for
f>
WW«J*kODWMO:W©W©aDr-WOO^OSM<l<J«li(k.OOD^. tootooi^
w
I
w
WM W"*- © to M « <J O <1 OS
WO
ao«>» ot»w*i--6vii;ic*'.'.>^
41
2,488
Total g^ross everland
Deduct shipments—
Overland to N. Y.. Boston,
5,843
&c
3,672
487.386
243,210
8.491
1,742
696 174
13.M3
153
113,861
30.932
192,3i2
3,482
2»,530
144 344
35 161
249,019
J.Ofc
1,244
81.240
790
3,328
lb9,t>32
17,986 1,353,810
5,610
186,123
41.487
52.042
2 U .-714
147
2,095
83 527
2,694
5,767
194,481
8,459
279.652
76 8s«.763
Leaving total net overland"
Including movement by rail to Canada.
9.527
1.07MS8
Total to be deducted......
....
.
Liverpool stook
Manchester stook
Continental etoo*s
*
©Wl^-05©0COOi'-^)CC©<IQDW WCBOC i^WC. t0C<JWW-»3a0XlM|^
*»•
2.000
5,000
29,000
52,000
46,000
38,000
4.000
10,300
Total Continental itooki.
515,000 513,300
Tetal European stock*
85,000 1.294,300
1,246,000
India ootton afloat for Europe 195.000
121.000 106,000
Amer ootton afloat for B'rope.
147,000
250.000 325,000
gypt.Braxil.Ac.aflt.for E rp«
27,000
30,000
32,000
Stock in Alexandria, Egypt... 199.000
157,000 177.000
took In Bombay, India
423.000
591.000 565,000
Stock in United States ports.. 886,551
578.281 619,954
Stock in U. B. Interior towns.
214,639
276.628 485.343
430
6,082
27.705
United states exports to-day. ._ 53.435
Total visible supply
.. I 891,625 3,244.656 3,592.991 3.632,302
Of the abeve, totals of American ana other descriptions are as .touo *r t
.
'
;
(f»>
Wl£
KtO
05
to
took at Marseilles....
took at Bareelona . ...... ....
took at Genoa.... ............
took at Ir leate . .._
_„
1
:
om- MaacCMMoa
"ifr
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Apr. 29), we add the item of exports from the United States,
Including In It the exports of Friday only.
1904.
1903.
1902.
1901
Stock at Liverpool
bales. 690,000
726.000 1,062.000 771,000
Stock at London.
10,000
7.000
8,000
10,000
Stock at Manchester ..„ ..—.
57.000
47,000
Total Great Britain atook.' 667,000 780,000 1,070 000 781,000
Stook at Hamburg
13.000
12.000
14.000
20,000
Stock at Bremen .... .......... 320.000 345,000 204,000
237.000
stock at Antwerp ...__ .—
4,000
5.000
4.000
6,000
•took at Havre..- .... wmm. .... 202,000 213,000
196,000 160,00t
.
w
©to:
oao-
1
tO
•
..*"
05 -J
M
'«.
W
oi
CO
00
to
w
a
10
The visible supply op Oottor to-night, as made up ov
cable and telegraph, Is at follows. Foreign stocks, as wel
as the afloat, are this week's returns, and consequently all
American
M M r
m
w
w
W M © M « 0> W a 05 to O M to M^-tStOJ
wto! w; u^h
w c«co«3i^^ffia«]»wt5WHti)^x»)HWffl-j»wo*Ki'
mw©
*.
;
lb
III
II
1
*3
vS
2:S
1
«?|
o to
a.
tea
*-
12
05
9
o
oo
I
lb to
wco
^
«l
w
WW
WW WW WW WW
ww
oo ww
oo lb
W~] M w tcto w© w
© «a
t-1
II
«0JO5
lb
cr-
30
1
II
I
Id.**
a
I
w
'
>-•¥*
I
w4
l
I
,
I
"
WW
*>
o:
toao
'
to
'
>
"M
**
t->t^
to
tO
tO
».
© to to ^ w
w©otco»-wWMW^w tOMMM«MQo«i, -q©w*»<l
c,TMWii*wwootoac»acoo3".<x>ooM»atotow;
to".
The foregoing shows that the week's net overland movement
this year has been 76 bales, against 9,527 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 1S7,395 bales.
1903-04.
1902-03.
In Sight and Spinners'
Takings.
Week.
Since
Since
Week.
Sept. 1.
Sept. 1.
I
Receipts at ports to April 29
Net overland to April 29
Southern consumption April
40.7*6 6,867,341
76 886,763
42,000 1.419,000
29..
Total marketed
Interior stocks in excess
Came
,*
into sight during week.
82,842 9,173 104 117.726 9,789,027
10,836
208,037 * 14,158
100,967
71,906
Total in sight April 29
Movement
Mav
1901-May
1900- May
1889-May
1902
5
S71 1.WW 04«
9,895 994
2T977
i.^K"
10
into sight in previous years.
Bales.
2
3
4
103,568
9.376,141
North, spiuners' tak'gs to Apr. 29.
* Decrease during week.
Week—
67.199 7,304,869
9,527 1,074,1.'
41.00c 1,410,000
73,981
107,0l»
59,3 2
7?, Ill
Since. Sept. 1
Bales.
02-May
1900-01— May
2
»,ol5,468
3
9,3*f>,698
lSi>9-00-May
4
1898-S9-Mav
5
8.452.905
10,431,691
1901
..
Apr.
.
..
1
THE CHRONICLE.
30, 1904.
J>61
Quotations for Middling Cott >m at Other Markets.—
San Antonio, Texas. — The weather has been dry all the
Below are closing quotations of middling cotton at Southern week. The thermometer has averaged 72, the highest being
and other principal cotton markets for each day of the week. 88 and the lowest 56.
Weatherford, Texas.—Riin has fallen on two days of the
CLOSING QUOTATIONS FOB MIDDLING COTT )N ONweek, the precipitation bein? twenty hundredths of an inch.
Week ending
April 29.
Thermometer has averaged 65, ranging from 45 to 84.
Sat'day Monday. Tuesday. Wed'day. Thursd'y Friciay.
Shreveport, Louisiana.— We have had rain on one day of
11
14
14
14
14
Galveston... 14 3 i«
the past week, the rainfall reaching ninety-three hundredths
7
13»
14
13'
14
13
Orleans
New
HH
e
16
8
Average thermometer 68, highest 84, lowest 47.
of an inch.
1313
13ifl
13%
14
14
13%
Mobile
14
14
13%
14
..
MRRI
Savannah
13%
New Orleans, Louisiana.— Rain has fallen on one day dur,
Charleston
Wilmington.
Norfolk
>
14i4
14
14-00
1400
Baltimore...
Pbiladelph'a
1400
1425
13-75
14 00
Augusta.
14
13%
—
Memphis
St.
Louis
...
Houston
Little
1418
I414
14i«
13»8
.
Rock
The
»
14
13-75
14 00
14-00
14
14
13^8
14l«
131a
14i«
13%
13^
13%
13%
13%
13ia
1312
13>«
14^8
14i«
13»s
14
13 85
14
1410
14-"0
14-10
14
14
00
14 00
14
13-*
14ie
1378
14
13-75
14-00
13 85
1
1
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Montgomery
.
New
14i8
Louisville
14
Atlanta
Col umbus, Ga. 1 3 ^
Columbus, Mi- s
.
Nashville
11%
14
Natohez
Raleigh
Shreveport
1313,,,
13
...
13i3 lc
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.
MayRange
..
Sat'day,
Monday, Tuesday, Wed' day,' Thursd'y Friday,
Apr. 23.
Apr. 25.
1393 01
Apr. 26.
Apr. 27.
!
Apr. 28.
Apr. 29.
13-48--70 13-68 -85 13 72--9S 13-78 'S7 13-70--79
13-69-70 13-89--9013-81--82 13.78--79
Closing.. 1391--92 13-49--50
July
Range
14-30--42 13 87--08 14-l^-27 14-13--4014 13--25 14 00--21
Closing.. 14-31-32 l5-89--i>0; 14-11-12 14-29--3j,14-19--20 14-16 -17
August—
1
-
I
--47 12-90--10 1310--26 13-26--34 1313--23 13-08--27
Closing.. 1337--38 12-94--95 1313--14 13-29--30T3-20--21 13-26-27
Range
OCTOB'BR-tnge
..
11-28-44 11 04-- 18 11-13--32 U-19-'28'll-14--22 11-1 0-35
11-05-03 1113-14 11^3--24 1118-19 11-34--35
Closing.. ll-28--^9
Dkc'her—
RaDge
.
Closing..
Tone—
11-15--28 10-90-00 10-99-13 11-04--13 10-99-06 1109--2"!
1110-11 10-90--92 10-99-00 1109-10 11-03--05 11-21--22
-
Firm.
Quiet.
Firm.
Options
Quiet.
Steady.
Quiet.
Spot.
8teady.
Steady.
Weather Reports by Telegraph. —Oar
from the South
Easy.
Quiet.
Dull.
Firm.
telegraphic ad-
evening indicate that beneficial rain
sections
during the week, particularly in
In
many
fallen
has
Texas, but that in some districts along the Gulf moisture is
needed. Planting has made good progress and is finished or
nearing completion in most localities. Many of our correspondents state that low temperature continues to interfere
with germination and growth.
Galveston, Texas, Good rains have fallen over the State,
but there is general complaint that cotton is not doing well
on account of low temperature. We have had heavy rain on
two days during the week, the precipitation reaching nine
The thermometer has
inches and twenty-five hundredths.
ranged from 60 to 78, averaging 69.
Abilene, Texas.— There has been no rain during the week.
Average thermometer 66, highest 84, lowest 48.
Brenham, Texas.— We have had rain on three days during
the week, the precipitation being one inch and forty six
hundredths. The thermometer has averaged 66, the highest
being 79 and the lowest 52.
Corpus Christi, Texas.— It has rained on three days of the
week, the rainfall being forty hundredths of an inch. The
thermometer has averaged 70, ranging from 60 to 84.
Cuero, Texas.—We have had light rain on four days during the week, the precipitation reaching ninety-six hundredths of an inch. The thermometer has ranged from 51
to 89, averaging 70.
Dallas, Texas. We have had rain on two days of the past
week, the rainfall reaching twenty six hundredths of an
inch. Average thermometer 65, highest 84, lowest 45.
Henrietta, Texas.— We have had a trace of rain on one day
during the week. The thermometer has averaged 67, the
highest being 89 and the lowest 44.
HuntsvUle, Texas.— Run has fallen on two days of the
week, the precipitation being one and five hundredths of an
inch. Thermometer has averaged 65, ranging from 47 to 83.
Kerrville, Texas.
We have had rain on two days during
the week, to the extent of thirty-two hundredths of an inch.
The thermometer has ranged from 42 to 90, averaging 66.
Lampasas, Texas.—There has been rain on three days of
the week, the rainfall reaching one inch and one hundredth.
vices
this
—
—
ing the week, the rainfall reaching sixty-nine hundredths of
an inch. The thermometer has averaged 67.
—
Columbus, Mississippi. We have had rain on two days
during the week, the rainfall being twenty-seven hundredths
of an inch. The thermometer has averaged 50, the highest
being 70 and the lowest 80.
Vtckiburg, Mississippi.—The weather has been cool and
unfavorable the past week. We have had rain on one day,
to the extent of thirty- seven hundredths of an inch. The
thermometer has ranged from 50 to 84, averaging 66.
Meridian, Mississippi.— Continued cool weather has prevented seed from germinating and muoh cotton will have to
be replanted.
Little Rock, Arkansas.— Farmers are well up with their
work planting is nearly finished. We have had rain on
three days during the week, the rainfall being one inch and
ninety-nine hundredths. The thermometer has averaged 62,
th« highest being 80 and the lowest 47.
Helena, Arkansas.—The weather has been too cold, but
not as cold as at this time last year. We have had rain on
one day of the week, the rainfall reaching thirty-five hundreth3 of an inch. The thermometer has averaged 62, ranging
;
from 46 to 79.
Memphis, Tennessee.— The river is twenty-seven and onetenth feet on the gauge and rising again, but there is no
Planting progresses well, but the
d-inger of overflow.
weather is too cool for germination of seed. Rain has fallen
on two days during the week, the rainfall reaching one inch
and seventy-seven hundredths. The thermometer has ranged
from 46*2 to 778, averaging 61.
There has been rain during the week,
Nashville, Tennessee.
the rainfall reaching seventy-one hundredths of an inch.
Average thermometer 62, highest 78, lowest 46.
Mobile, Alabama.— Rain fell in the interior in the early
part of the week, but it was not sufficient to do much good.
The weather has been too cool and dry for germination and
growth. Some replanting will be necessary. We have had
no rain here during the week. The thermometer has averaged 67, the highest being 71 and the lowest 51.
Montgomery, Alabama. The weather is still cold and too
dry. The crop is making no progress and a few farmers are
replanting already. We have had light rain on one day of
the week, the rainfall reaching but four hundredths of an
inch. The thermometer has averaged 61, ranging from
—
—
47 to 82.
—
Selma, Alabama, Cool nights and insufficient moisture are
causing complaints of poor stands. We have had rain on one
day during the week, the precipitation reaching forty hundredths of an inch. The thermometer has ranged from 45 to
70, averaging 60.
Savannah, Georgia. We have had dry weather all the
week. Tne thermometer has averaged 64, the highest being
78 and the lowest 52.
Augusta, Georgia. Unseasonable weather causes the crop
to be backward. It has rained on one day of the week, the
rainfall being twenty-three hundredths of an inch.
The
thermometer has averaged 61, ranging from 41 to 82.
Stateburg, South Carolina.—Heavy frost occurred on low
grounds on last Friday night, and some cotton just up was
—
—
We
seriously damaged, No frost on hills.
have had light
rain on two days during the week, the rainfall being thirty-five
hundredths of an inch. The thermometer has averaged 63,
the highest being 88 and the lowest 43.
Greenwood, South Carolina.— Id has rained on two days of
the week, the rainfall being thirty-five hundredths of an
Inoh
The thermometer has averaged
—
3 o'clock April 28, 1904,
and April
30, 1903.
—
Average thermomster
highest 86, lowest 44.
rain daring the week.
The thermometer has averaged 66, the highest being 85 and
the lowest 47.
Luling, Texas. —It has rained on four days thepast week, the
rainfall being sixty-nine hundredths of an inch. The thermometer has averaged 64, ranging from 40 to 88.
Palestine, Ttx%s.— We have had heavy rain on three days
during the week, the precipitation reaching two inches and
thirty- two hundredths.
The thermometer has ranged from
48 to 82, averaging 65.
Paris, Texas.
have had rain on one day of the past
week, the rainfall reaching sixty hundredths of an inch.
Average thermometer 64, highest 85, lowest 43.
Longview,
65,
Texas.—We have had no
—We
59.
South Carolina. We have had rain on two
days during the past week, to the extent of six hundredths
of an inch. Average taermometer 63, highest 75, lowest 51.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
Charleston.,
Apr. 28,
New Orlea»s
Memphis
Nashvllie
Shreveport
Vicksburg
Above zero of gauge.
Above zero of giuge.J
Above zero of gaogeJ
Above zero of gauge
Above zero of gauge,
.
1
i
17-5
27-1
8-0
101
460
'04.
Apr. 30,
'03.
18-4
34-2
12-3
6
45-0
Option Trading at Galveston.— The members of the
Galveston Cotton Exchange on April 26, by a practically
unanimous vote (51 to 1), decided that a market for the
transaction of a future cotton business should be established
on the Exchange. The board of directors now have the
matter in hand for the arrangement of details and the fixing
of the date on which the market will be opened.
&c—
Jute Butts, Baggings
The marset few iate bagging
has been inactive the past week. Quotations afe u&bimuged
at 634c. for 1% lbs. and 6}^c. for 2 lbs., standard grades.
Jute butts very dull at l^dl^-J. for paper quality and 2@
2>£c. for
bagging qiality.
.
THE CHRONICLE.
1562
India Cotton Movement from all Poets.— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending April 28 and for the season from Sept. 1
to April 28 for three years have been as follows.
Receipt*
at—
Bombay.
Since
Week.
Sept. 1.
70,000
l,f 66,000
Since
Week.
Sept. 1.
Sept. 1.
50,000 1,836,000
74,000 1,936,000
Since September
For the Week
1.
Exports
from—
Great
Great
Britain.
Continent.
Continent.
Total.
1901-02..
11,000
51,000
16,000
11,000
58,000
16,000
79,000
66,000
5,000
675,000
587,000
336,000
754,000
«53,000
341,000
190304..
2,000
2,000
3,000
4.000
2,000
24,000
24.000
19,000
27,000
28,000
21,000
Britain.
Total.
Bombay—
1903-04..
190203..
7,000
Calcutta —
1902-03..
1901-02..
Madras —
1903 04..
190203..
!
1,000
1,000
2,000
8.000
5,000
1,000
26,000
10,000
5,000
34,000
15,000
6,000
1,000
1,000
3,000
8,000
2,000
4,000
9,000
2,000
6,000
14,000
1.000
101,000
85,000
46,000
107,000
99,000
47,000
16,000
60,000
18,000
17,000
69,000
18,000
96,000
89,000
9,000
826,000
706,000
406.000
922,000
795,000
415,000
1901-02..
All others—
1903-04..
1902-03..
1901-02..
Total all—
1903-04..
1,000
9,000
190203.
to the fact that the negro is leaving the Delta. On the contrary, the
statistics s-how an increase of negroes in the Delta In muoh greater
proportion than the increase in the whites. But the Increase is entirely Insufficient to meet tne increased demands upon them. * * *
It is absolutely impossible for the supply of negroes to meet the multifold demands made upon it, and this, without reckoning with the
well known fact that the tendency of negroes as they become eduis to separate themselves from the mass of ignorant negroes
and to leave the Black Belt. - * *
The problem that must be solved in the Delta is the obtaining of
some other labor to do what the present race of negroes Is unable to
do. and what the future generations of them will be less able to do.
The only practical solution to the problem that offers itself to my
mind Is the enoouragement of the immigration of Italians. My observation is that Italians Imported, not from the southern part of
Italy or from Sicily, but from the northern agricultural districts of
Italy, are excellently adapted to the needs of the Delta. * * * As
growers of ootton they are In every respect superior to the negro.
They are Industrious and thrifty, and the present generation will not
develop the land-owning iDstlnot; they all dream of returning to
sunny Italy. The property [the writer refers to a 4,000-aore farm In Arkansas— Ed.] is worked about one-half by negroes and one-half by Italians. Theie does not seem to be any race antagonism between them
and no race mixture. The Italians make a profit of $5 out of a orop
where a negro makes $1, and yet the negro seems to be perfeotly
satisfied with his returns. No spirit of emulation is excited by the
superior work or prosperity of his Italian neighbor. We had one of
them reoently return to Italy with more than $9,000 In cash, never
having worked more than thirty aores of land, leaving behind him a
family to work the land, and with money sufficient to provide themselves for another year. If the Immigration of these people is encouraged they will gradually take the place of the negro without there
being any suoh violent change as to paraylze for a generation the
cated
Since
Week.
190102.
1902-03.
1903-04.
lxxvuu
[Vol.
prosperity of the country.
New York Cotton Exchange.— Changes in Commission
Law.— On Friday, April 29, at 12 o'clock noon, the members
New York Cotton Exchange considered changes in the
commission law as follows: $7 50 for round transactions
for members; $10 for round transactions for members outAlexandria Receipts and Shipments op Cotton.— side
United States, $15 for round transactions for non-memThrough arrangements we made with Messrs. Choremi,
bers; 75c. for floor brokerage; 75c. each way for clearance;
Benachi & Co., of Alexandria, we now receive a weekly changing
price, unchanged.
A vote will be taken on the
cable of the movements of cotton at Alexandria, Egypt..
subject Tuesday, May 8.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
Shipping News. As shown on a previous page, the
two years.
exports of cotton from the United States the past week have
reached 77,888 bales. The shipments in detail, as made up
Alexandria, Egypt,
from mail and telegraphic returns, are as follows:
1903-04.
1902-03.
1901-02.
April 27.
J
1901-02..
i
of the
—
20,000
6,386,648
This
Since
week. Sept. 1.
Exports (bales)—
Total exports
*
18,000
6,442,845
1,500
5.731,184
1
Ttds
Since
week. Sept. 1.
This
Since
week. Sept. 1.
555 190,285
3,000 201,337
4,500 122,559
1,750 281,581
500 45,203
137,848
2,655 270,952
137 76,272
9,750 650.680
3,347 674.857 11,744 724,634
1,721 181,677
3,096 109,003
4,931 341,022
1,996 92,932
A cantar is 98 lbs.
This statement shows that the receipts for the week ending
April 27 were 20,000 cantars and the foreign shipments
9,750 bales.
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is quiet for
yarns and steady for shirtings. The demand for both India
and China is improving.
give the prices for to-day below
and leave those for previous weeks of this and last year for
We
comparison.
1904.
1903.
9*4 lbs. Snirl- Oott'n
32« Cop. mgs,
Twist.
d.
Mr. 25
Apr. 1
'•
8
" 15
" 22
" 29
d.
common Mid.
Uplds
to finest.
s.
lOV^lUe 6
10?8 ® 1138 6
d.
6
8
s.
®9
@9
lO^-aiUs 6 7ia@9
l08g® nie 6 6 ®9
1013® llH) 6
6
10^/111*
«9
(>
w9
6
Total baUt.
Nbw York—To Liverpool, per steamer Victorian, 6,232
Receipts (cantars)*—
d.
a.
32s Cop.
Twist.
A.
8V* lbs
Hid.
Uplds
and 250 foreign
To Bremen, per steamer Bremen, 650
To Lisbon, per steamer Peninsular, 400
To Genoa, per steamer Roentgen Lulse, 2,781
To Naples, per steamer Slavonla, 50
Nbw Orleans- To Liverpool— April 23— 8tr. Magician. 11,282
s.
d.
5 98
4ifl®8
d.
d.
lij
1
412-2)8
1
4Hi®8
1^
m
2
5-34
5-36
5 40
5-42
5-44
5-56
s.
4^®8
413-8)8
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 26, summarizing them as follows:
Cotton planting Is general over the northern portion of the belt, and
nearly finished in the oentral and southern portions, where chopping !• In general progress, the early planted in Texas and Florida
Is
400
2,781
50
77,888
arranged in our usual form, are as follows.
Great French Ger- ,—Oth.E'ropc—* Mexico,
BriCn. ports, many. North. South, die. Japan. Total.
650
New York. 7,004 358
3,231
11,243
N. Orleans 33,782 3,769 10,865 7,400 4,578
50
60.444
'00
Galveston
100
2,191
Savannah
2,191
Boston
1,929
17
1,946
200
Baltimore.
200
Phh'delp'a
664
664
taooma
600
500
San Fran
Total.... 43,579
4,12713,706 7,400 7,906
The exports to Japan since Sept.
from che Pacific Coast.
Italians in the Cotton Fields.— In the " Manufacturers'
Record " (Baltimore) of April 7 the subject of labor in cotton
fields is quite interestingly covered by one of its special correspondents, writing from Greenville, Miss. The information contained in the communication was gained from men
of prominence in Mississippi and was in part as follows
12
12
20
e.
Havre
20
Bremen, asked.. e
20
e
Hamburg
80
Ghent, v. An tw'p.e.
...e. 132>15
Antwerp
tieval, indirect., e.
28
Keval, via Canal. c.
28
:
358
650
The particulars of the foregoing shipments for the week
reoelvlng its first < ultlvatlon. Over moit of the oentral and eastern
dlstrlots the stands are unsatisfactory and much replanting will be
necessary. Low temperatures and droughty conditions have retarded
germination very generally in the central and eastern dlstrlots
Planting is about finished in Texas, exoept in the oentral and southwest portions of the cotton area, where some fields of wheat ruined
by drought are being planted to ootton.
In the Mississippi Delta, which has been a beneficiary to a great
extent from the high prices paid for cotton, but little of the money
reoelved will find investment in faotorlos. The oountry is too undeveloped. *
Of the Delta as a whole, comprising 20,000 000
aores of land, only a little more than 25 per cent is in cultivation
Even under the present imperfeot levee system, as much land oan
with comparative safety, be put Into cultivation as Is now cultivated'
and this the most productive land In the world. This means that
there are 5,000,000 aores of land oapable of raising one bale of ootton
to the acre. • * • There Is an undoubted soarolty of labor, due not
772
April 29 Steamers Antilllan, 9,000; Barrister, 7,500;
Nicaraguan. 6,000
83,782
To Havre Aprli 28-Steamer Santa Fe, 3,419
April 29
-Steamer St. Jan, 350
3,769
To Bremen— April 28— Steamer Michigan. 10.249
10,249
To Hamburg— April 29—Steamer Themlsto, 616
616
To Antwerp - April 28— Steamer Michigan, 8,500
3,500
To Copenhagen— April 28— Steamer Alabama, 2,900
April 29 -Steamer St. Jan. 1,000
3,900
To Baroelona— April 28— Steamer Marie, 1,450
1,450
To Genoa— April 29 -Steamer Pert. 2,028
7,028
To Venice— April 28— Steamer Marie, 500
500
To Trieste -April 28 -Steamer Marie, 600
600
To Mexico-April 23— Steamer Norheim, 50
50
Galveston-To Venloe— April 22 -Steamer Emilia, 100
100
Savannah— To Bremen— April 26-8tr. Castleventry, 2,191
2.191
Bostoh-To Liverpool— Adt 11 25— Steamer Saxonla. 1,894
April 26— Steamer Winlfredlan, 35
1,929
To Yarmouth— April 26-8teamer Boston, 17
17
Baltimore—To Liverpool— April 22— 8tr. Vedamore, 200
200
Philadelphia—To Liverpool -Apr. 22— Str. Westernland, 66*
664
Taooma—To Japan— April 22 -Steamer Agamemnon, 500
500
Sam Francisco— To Japan—April 26-Steamer Gaelic 600....
600
Total
d.
7-72 7u, 6 ®86ie 5
8-28 7«8 ©8*4 5
8
8-28 7U 16 @8i4 5
9
7>« 8-14 7U 16 <*8i4 5
8
7 90 7"e ©8 1* 5
7-72 7% ©8*4 5
8
6
Shirt- Oott'n
common
in<)S,
to finest.
6.232
To Manchester, per steamer Buffon. 772
To Havre, per steamer Hydra, 96 upland, 12 Sea Island
Cotton freights at
as follows.
New York
Satur.
Liverpool........
Manchester...
Baroel'na, dlreot.e.
e.
221*
15
25
67
77,888
41,667 bales
1.100
have been
the past week have been
Mon.
Tucs.
12
12
20
20
20
30
12
12
20
20
20
20
12
12
20
20
20
20
13*15
13*15
13d> 16
28
28
28
28
28
28
22^
22»s
22*a
22ij
15
25
50
15
25
15
25
50
15
Trieste
e.
25
Japan (via Suez).e.
50
50
Quotations are cents per 100 lbs.
Genoa...
1
600
500
Wednes. Thun.
50
12
12
20
20
20
20
12
12
20
20
20
SO
13915 13915
26
26
26
26
20
15
25
50
..
Apr.
THE CHRONICLE.
30, 1904. J
1563
Liverpool.— By cable from Liverpool we have the following ing being
statement of the week's
Aprils.
Bales of the
week
bales.
Of which exporters took. ..
Of which speculators took.
Bales American.....
Actual export
Forwarded
Total stock— Estimated
Of whloh Amerloan— Est'd.
Total Import of the week.....
1,000
24,000
7.00C
53.00C
665,000
461.00C
58.00C
afloat
24,00<
............
Of whloh Amerloan
163.00C
108,000
28,000
1,000
40,000
1,000
24,000
2,000
57,000
574,000
4B9.000
76,000
56,000
184,000
122,000
34,000
5,000
58,000
590,000
477,000
79,000
43,000
166,000
120,000
31,001
-••••
87,00<
2,000
45,001
655,00<
452,00<
37,00(
29,00(
155,00(
90,001
The tone of the Liverpool market for spots and fntnres
each day of the week ending April 29 and the daily dosing
prices of spot cotton, have been as follows.
Monday, Tuesday, Wed'day. Thurtd'y Friday.
Sal'day.
8pot.
Market
Fair
business
doing.
More
demand.
M
Quiet.
Quiet.
Mid. Upl'ds.
7 82
7'68
7*74
776
7-78
772
5.000
5.000
7,000
6,000
200
300
10,000
500
8,000
200
200
200
2 pts.
Firm at
2@3 pts.
Qutet at
2<aS pts.
advance.
tdyanoe.
„ "wi„„,
advanoe. nnehanu'd
Easy at Steady at (Heady ai
Quiet at
dc tOl7@2U pti 6<3ll pts. i@i pts.
adv. decline. advance. advance.
Easy at
Quiet at
i©« pts. 5 pts. dec
decline. to 1 pt. ad
12:30 P.
M
Sales
Spec & exp.
Steadier.
Quiet.
Futures.
Market
Quiet at Br'lyifdy Veryst'dy
opened.
decline.
8 pts.
decline
i<aa pts.
Market,
4 P. M.
3 pts.
1 pt.
I
The
prices of fntnres at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Sat.
Apr. 28.
12i«
P.M.
d,
7 60
April-May 7?4
May- June.. 7 53
7 49
June-July
July- Aug... 7 46
Aug. -Sept.. 7 20
6 55
Sept. -Oct.
April
.
Oet.-Nov...
Nov.- Dee
Dec-Ian...,
Jan.-Feb...
Feb.-Moh.
1
.Ion,
Tan,
W»4.
Apr 25
Apr. 26
Apr. 27
Tkara.
Apr. 28
#rtApr. 29
12*0
4 12i« 4 121* 4 12is 4 12^ 4
M. P.M. P.M. P. M, P.M. P.M. P.M. P.M. P.M. P.M.
P. M. P.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
7 59 7 45 7 41 7 61 7 52 7 54 7 56 7 56 7 50 7 61 7 46
7 64 7 40 7 36 7 46 7 4* 7 49 7 51 7 51 7 46 7 46 7 41
7 52 7 38 7 83 7 43 7 44 7
7 49 7 35 7 30 7 40 7 4) 7
7 45731 7 26 7 36J7 87 7
7 227 08 7 02 7 11 7 12 7
6 666 44 6 38 6 47 6 44 6
6 28 6 28 6
6 19 6 316
6 16 6 196
6 18 6 18 6
16 6 It 6 20
09 6 04 6 13
07 6 02 6 10
06 6 01 6 10
.
46
43
38
13
46
6 If 6 18
6 10 6 12
6 Of 6 10
6 07 6 09
7 47 7
7 44 7
7 40 7
7 15 7
7 46 6
6 18 6
6 11 6
6 09 6
6 08 6
48 7 42 7 42 7 37
7 3B 7 39 7 84
7 34 7 34' 7 30
7 09 7 091 7 05
6 41 6 42 6 41
6 14 6 16 615
13 6 07 6 0H| 6 08
11 6 05 6 07| 6 06
10 6 01 6 06 6 05
45
40
15
47
20
.
BREADSTUFFS.
A dull,
Friday, April 29, 1904.
dragging market has continued to be experienced
for wheat flour. Owing to the duln^ss of the demand a large
stock has accumulated in the New Ycrk market, being estimated in the neighborhood of 500,COO bbls. The trade, as a
rule, has been supplying current wants largely through withdrawals on old purchases. The limited number of new orders
that have been placed have been almost exclusively for email
Qaoted prices ebow few changes, but they have been
lines.
largely nominal. Kye flour has been quiet and prices have
been lowered slightly. Corn meal has been quiet.
Speculation in wheat for future delivery has been fairly active and for the week prices show a fair advanoe. Early in the
week liquidation by speculative holders was the feature, they
being free sellers prompted by bearish statistical develop
ments, the world's exports to Europe being unusually large.
Subsequently, however, there developed a better undertone,
and prices steadily advanced, more than recovering the early
Weather conditions in the Northwest continued unloss.
The outspring
crop.
seeding
the
favorable for
States
for
the
crop
in
the wheat - growing
look
reported not promising,
east of the Mississippi was
but in the southwestern section of the country the crop was
reported making good progress. Advices from the interior
have reported a better demand for cash wheat from the milling trade. Early in the week, at the decline in prices, exporters came in the market as fairly good buyers, and this, too,
had its influence in favor of the market. To-day there was
a fractional advance in prices on crop news. The spot market was firm but quiet.
YORK.
DAILY CLOSING PRICES OF WHBAT FUTURES HI
Fri.
Wed. Thun.
Sat.
Mon.
Tut*.
105
105
105
104
104
No. 2 red winter, f.o. b... 104
NEW
May
delivery In elev
July delivery In elev
89%
88ifl
8938
88
87k
Sept. delivery in elev....
82%
83^
83>*
Deo. delivery In elev
82%
DAILY CLOSING PRICES OF WHEAT FUTURES
88
83*8
87>*
Mon.
86
83%
79%
82^
79%
Bat.
May
delivery In elev
July aeuv. in eiev
Sept. deUv. In elev
Tues.
86%
83k
79%
90**
88i*j
83»*
83%
IK
91\
89^
84
83?9
92»4
9u
83 78
8334
CHICAGO.
Thun.
Fri.
89%
8334
88»«
84»«
847b
80
80%
80%
Wed.
87
Despite the backward season, well
reported.
authorities continue to assert that the indications are
for a large acreage. The movement of the crop has been
light, and this has operated in favor of better prices.
Business in the spot market has been quiet, exporters being light
Prices have been well maintained.
buyers.
To-day the
market was quiet but steady.
DAILY CLOSING PRICES OF MO. 2 MIXED CORN in
YORK.
Sat.
Mon. Tut*.
Wed.
Thura.
Fn.
57%
57%
57%
60
Cash eorn f. o. b
58%
61
53%
68%
53%
May delivery In elev
64%
55
55%
63
52%
53
July delivery In elev
53%
58%
53%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Sat.
Mon. Tuet.
Wed. Thurt.
Fri.
47%
46
May delivery In elev
46%
46%
46%
46%
4S%
47%
*7%
July delivery In elev
48%
48%
48%
47
48%
48%
Sept. delivery In elev.... 47%
47%
48
Oats for future delivery at the Western market have been
Tne advance has been most profairly active and higher.
nounced for the near-by deliveries,and has been due to buying
Reports were
for the account of shorts to cover contracts.
current that one- half the stock of contract grades in Chicago
has bee a sold, and a decided improvement was reported in
the cash trade. The local market has been Arm. Owing to
the absence of supplies of standard grades, no quotations
have been given. To-day the market was unsettled.
DAILY CLOSING PRICES OF OATS IN
YORK.
Sat.
Wed.
Mon.
Tuet.
Thura.
Fri.
44
44
Nom. Nom. Nom. Nom.
No. 2 mixed In elev
46
46
Nom. Nom. Nom. Nom.
No. 2 white In elev
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Thurt.
Sat.
Wed.
Fri.
Mon. Tuet.
known
at that port.
April 15 April 22 April 29.
27,000
Of which American
Amount
&c,
sales, stocks,
Indian corn futures have been moderately active. Under
liquidation of long contracts prices for May delivery in the
Chicago market have weakened slightly, but for other deReliveries prices for the week show a fractional advance.
ports of backward weather for spring work in the corn-belt
was a bullish factor, slow progress in ploughing and plant-
NEW
NEW
May
delivery in elev
July delivery In elev
Sept. delivery in elev
86%
35%
30%
36%
35%
30%
37%
36%
30%
39%
37%
31%
40%
40%
39%
39
31%
31
Following are the closing quotations:
FLOUR.
—
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
8tralghts
Patent, spring
Nominal.
$3 26 ®3
Nominal.
3 85 ®3
4 00 «4
4 80 ®5
4 90 ®5
SO
90
70
00
80
Patent, winter
$5 00
City mills, patent. 5 10
Rye flour, superfine 4 20
Buokwheat
flour..
*5 30
®5 60
94 65
Nominal.
Corn mealWestern, etc
Brandywlne
3 00
3 05
05
^3 10
•as
GRAIN.
Wheat, per bush—
0.
Corn, per bush—
o.
o.
o.
Western mixed
N. Dul.,No. 1
f.O.b. 99%
85 *6l
N'thern Man., No.2. f.O.b. 91%
No. 2 mixed
f. o. b.ei
Red winter, No. 2.. f.o.b.105
No. 2 yellow
f. o. b.57
Hard winter, No. 2. i.o.b. 93%
No. 2 white
t. o. b.56
Oats Mixed, p. bush. 45 ®46
Rye, per bush—
46 -953
Western
White
70 ©75
Nominal.
No. 2 mixed..
Btate and Jersey.... Nominal.
Nominal.
No. 2 white
55 965
47 ©52
—
Exports of Grain and Floor from Pacifle Ports.— The
exports of grain and flour from Pacific ports for the week
ending April 29, as received by telegraph have been as
follows: From San Francisco to various South Pacific ports,
18,462 bbls. flour.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902-08.
Axports
Flour,
Corn,
from—
bblt.
buth.
Wheat,
bush.
Ban Fran. 666,765 1,847,491
Puget8'd.l,573,094 1,421,725
Portland.. 830,712 2,934,396
TotaL... 8.070,571 6,203,612
'02-3.8,879,106 23.714,087
Tot
Barley,
bush.
5,694 7,593,280
Kye,
buth.
1,078
38.894
370,695 787,978
6 1,056,539
844
39,365
44,276
376,395 9,442,797
1,422
923.809 7,460,554 215.132
471
Oatt,
bush.
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 26, summarizing them as follows:
Corn.— While preparations for corn planting have been active in the
principal corn States, as a whole but little planting was done during
the week, owing to low temperature. East of the Mississippi River no
corn has been planted north of the Ohio River, nor has planting begun
in Iowa and Nebraska, except in the southwest part of the last-named
Btate. In the Southern States corn has suffered from cold weather,
and Is small, with Irregular stands.
Winter Whrat.—Very favorable reports respecting winter wheat
are reoeived from Nebraska and Kansas, exoept in the extreme weBt
portion of the latter State, and an improvement is lndioated in portions of Oklahoma. In Missouri the crop has made slow growth, and
eastward of the Mississippi River the outlook Is lees
favorable than previously reported, although the warmer weather of
the latter pait of the week caused some improvement in Ohio. A
large acreage In Indiana is being devoted to other crops. On the
Pacific coast winter wheat has) experienced a general Improvement
mil Is growing rapidly in Oregon and Washington.
Spring Wheat.— Over the northern portion of the spring-wheat
region practically no seeding has been done, and in North Dakota,
where about one-half the crop was sown at this time last year, most of
the low lands are flooded, and with favorable weather oan not be
worked for one to two weeks. Seeding is generally well advanced
over the southern portion, being completed over a considerable area
in South Dakota and Iowa. In Washington and Oregon seeding continues and the early sown is germinating and growing nicely.
Oats— Over the greater portion of Illinois and Iowa oat seeding Is
nearly finished, and this work is progressing favorable in Ohio and
Indiana. Seeding is not yet general in Michigan, and very little has
done in Wisconsin and Minnesota, exoept over the southern portion
of the last-named Htata. Over the southern portion of the central
valleys the reports generally lndloate that oats are making slow
growth and in some sections poor stands are ehown.
The movement of oreadstnff s to market as Indicated in the
in the States
•tatements 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 28
and since Aug. 1, for each of the last three vears have been:
:
.
,
THE CHRONICLE.
1564
Receipt*
at—
Wheat.
Flour.
Oorn.
ButhMlbt Buth.SZlbi 1imV43 lbs Bu.56
Bbli.l96U>i Buih.OOIbj
ChloaRO
Milwaukee
Daluth
Minneapolis
Toledo
17,160
21,000'
.
Detroit
Kansas
Tot.wk. 1904
Since Aug.
1003-1904
83,200
4,054
81,4671
639.000
23,650
ioo.ooo|
63.000
61.834
177,60
lb*
3^,000
17,603
1,113
11,200
82,60(
99.688
23.733,
14.311
31.060
10,755,
49.133
65,889
8,700
8.000'
184,515
416,000
216,000
106,4 X
276,400,
18S.100!
78.000
1,488,479
2,106,696
1,834.832
1.813,517
591.814
72,213
1,817,616
2,331,99
488.711
1,493.915
1,388,630
2,193,764
219.492
178.909
36,637
City.
227,341
824,749
358,718
Same wk. '08.
Same wk.' 02.
239.646
185.850
83.156
56.750
814,051
6,900
,
Cleveland ...
8L. Louis ....
Peoria
814.000
6,610
208,003
79,200
129,220,
Ry*.
Barley.
Oati.
1
912
81,14
20,000
2.7JJ
68.630
1,800
1.
15,442,768 195.039,504 130.662,493 129.738.36C
69,186.189 0,825,497
49,246,481 9,003,705
38,110.783 4,686,661
16.688,216J217.455.1S5i22,071,83H|l49 2«.552
18.014. 137ll89.fl78.430' 98,986.878 107,B5-«.26i
1902-1908.....
1901-1902
The receipts of flour and grain at the seaboard ports
the week ended April 23 1904, follow:
for
4(»««1>*S«I-
_
NewYork
Bjtton
Portland,
Ma
Baltimore
Slahmond
Maw Orleans
Norfolk
—
...
•ftiTaaton
Mibiia
Montreal.
St. John. N. B.
• Ul»
116.421
47,762
7.684
49.343
81.220
2,926
8.965
11,942
PniladaipL.it
" 1.857
.'
7.078
17,710
.
Oarn,
fvaiat,
bblt.
Totai weak......„ 80!.884
»t»ik
8S.901
72,476
113,000
'
62,10*4
'28,913
62,014
29.232
13812
19,f>2«
6.000
3.000
6,000
oats.
Bari«i,
451,600
126.566
48,507
108.659
78.G93
84.630
26,000
51,400
4.512
1.789
1,930
.
"1.666
2,595
Wheat
Corn
Oatl
Bailer
*ys.
41 315
2*8,879
847,722
882,487
6.145
7 J.426
6,718.935
6,540.205
7,049,691
bnik.
"
"
"
"
14,205.908
26,883.918
18.613.216
1.588.444
464,669
24.9'0,920
47,207,221
17.436.896
1.768.931
1,150,948
25,895.732
6,79i.6u3
12,f04,4l8
1.879.884
671,900
33.650,269
69,2*0.071
26,059,859
2,080.093
920,493
"
56.536.046
98.524,916
47,234,887
1219:0,736
Cam,
«">«*(,
657
Bolton
rortland. M«.
Falladelpala
bbls.
7.486
106,526
68.951
18.575
7,884
40.080
71,550
11,651
11.948
17.710
1.857
51,104
145.718
42,857
110,645
Baltlmora
How
Flour.
out*
Orleans..
16.000
Norfolk
Ht.John. N.B.
Mobile
88,129
Total week..
168,790
413.077
J»«ei,
Oat*,
bush.
86,775
US*.
•
"46,507
Barley,
bui>
1,700
29*167
"8,645
" 1,789
8,000
7.877
18,245
33.773
3:0
1,203
238.000
84.662
83,12
31,049
17,771
Same time '08..1,890,1S0 2,000,623 828,466 187,757
Toe destination of these exports for the week and since
July 1, 1903, is as below:
Since July
taitk and «4n«i
Apr. 23. 1, 1003.
hbli.
July 1 to—
bblt.
Onlted Kingdom 155,515 8.656.279
20,718 1.84-J.184
Oontlnent
80,036
788.077
B. * O. America.
Wait Indlea
r.N.Am Oolo'l
15,860
8.243
17,684
other countries
Total
Total 1902-08....
Whtat.
i-
-Flour.-
Week
Mxtorti for
Week
Apr.
28,
838.000 13,118.699
328,456 13.613,428
1,
Dmn.
1903.
bush.
156,233
567
1.117.176
156,928
678,121
,
Bin** July
86,631,893
18,301,209
10.677
405,736
156,790
1,890,133
65,319,415
99,451,183
-Oorn.
Sin** Jt»iv
Apr. 23
1, 1903.
buth.
DUsa
Week
388.721 24,979.842
106,864 26,780,786
515
Ss2S,0l0
16.679
860,454
138,081
1,419.357
393
418.077 63406,432
2,000.623 68,189,496
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
itaboard ports, April 23, 1904, was as follows:
Wales,
imtersei-
use.
BewYork......
669.000
no
afloat
"7,'>"0
Boston
Philadelphia
Baltimore
New
Orleans.*
~.
.......
ttairaiton
46. OOP
Montreal
Voronto
uflalo
Do
63.000
219,000
464,000
603.000
Corn,
tusk.
413,000
Oati,
dusk.
704,000
»•< ik.
153.000
1
*A.
841.00C
23.000
163,606
228,000
786,0 01
285, 0C0
62,000
220.000
H.000
16.000
1,000
'lO.COO
183,000
89.000
747.000
8.300
1.000
212.00(1
860,000
4«,000
116,000
35,000
679.000
afloat
234,000
268.000
Detroit
87.006
'i2.000
46,000
8.000
1,000
2,038.000
5,117."f>"
2.786.0O*
100,000
836,000
850.000
672,000
12,000
490»n
619,000
176.000
3.7H6.0J0
2,140,000
4,494,000
Fort William
Port Arthur
Duluth
843,030
298,000
60,000
18.000
2,149,000
iai'.odo
027, oeo
12,052,000
2,186,000
25,000
154.000
1,315.000
72,000
4'. 100
911,000
9.000
KansaiOlty
683,000
Peoria
Indianapolis
On Mississippi HI Tar
511,000
89,000
91,000
42,000
474,000
14.000
35.606
104,000
152.000
138.000
86,000
"17,066
"69.000
9,912.000
10.350,000
6,606,000
1,043,000
1,017,000
1.137,000
8,858,000
3.007,000
1.855,000
Do
afloat
Minneapolis
Louts
8t.
_ Do
3,000
afloat
1,000
'
20,000
Oa Lakes
OaeanalandrlTer.
Total Apr. 83. 1904... 31.198,000
Total Apr. 18, 1904... 81.869.000
Total Apr. 85. 1908. 86,568,000
.
B.8W.000
9.878.000
7.784.000
1
China
Africa
207
10
..
1
Central America
South Amerloa
Other Countries
207
273
1,
Week.
277
410
137
20
23,012
3,602
9,155
3,110
6,496
6,299
17
794
477
1,193
2,328
4,775
18,811
5,823
65
381
98
118
571
174
4,723
76,265
7,803
Since Jan.
1.
901
437
96,157
5,462
11,270
2,892
10,733
945
3,508
21.913
3,509
167,727
New
The value of these
York exports since Jan. 1 has been
$4,096,928 in 1904, against $6,499,051 in 1903.
During the week j obbers have made low prioes for a number of leading tickets in bleached muslins, but there is no
quotable change in agents' prices. The latter are, however,
quietly shaded where business is offered of volume large
enough to make concessions worth while. There are few orders coming forward for bleaohed cottons, other than for
small quantities, which are placed at previous prices. The
j ibbing demand for brown sheetings and drills is inactive
aud quiet from converters, with little doing on export account. Prices are irregular, but not lower than a week ago.
The coarse, colored goods division also shows irregularity,
business being reported in denims at lower prices than recently held for. Ticks, plaids, oheviots, etc., are in restricted
demand, Cotton flannels are steady, with a moderate demand for export. Cotton blankets are dull at previous
Small sales are reported of wide sheetings, sheets
prices.
and pillow cases, without change in prioes. Cotton linings
are dull and barely steady in staple lines. The demand for
all grades of print cloths has been dall, but sellers decline to
make any further concessions, prices ruling steady on the
basis of 8}£c for regulars. Prices of staple prints are without change, but business is of indifferent volume in all lines.
Fancy calicoes are inactive and favoring buyers.
moderate demand is reported for staple and dress-style ginghams
in a steady market.
Fine printed and woven patterned
dress goods are in qaiet request and irregular. Some lots of
napped dress fabrics have been closed out from first hands at
A
low
prices.
Woolen Goods.— There have
Toledo
afloat
Oo
Do
afloat
Ukiaaso
Do afloat
Milwaukee
Do
afloat
Since Jan.
10
6.876,245
Mxrorti from- buaY
25.
Great Britain
8,397
7.877
b8.l2rf
1903.
1904.
Apbil
Week.
1,900
14,387
The exports from the several seaboard ports for the week
ending April 28, 1904, are shown in the annexed statement
Maw York
Domestic Cotton Goods.—The exports of cotton good 8
from this port for the week ending April 25 were 4,72^
packages, valued at $267,603, their destination being to the
points specified in the tables below
"i,«oo
'
bbll.
Total aralD
1
New York to
73.085 238.244
Waekl903
_... 865,442 2,633,817 2,081,897 1,415,367
Total receipts at ports from Jan. 1 to April 23 compare as
follows for four years:
1901
1903.
1904
1908.
tUetiri *!—
flour
from first hands to the retailer have to tall of markets without a break in the monotony of dnlness. Unseasonably in
dement weather throughout the month has contributed
largely to this condition, curtailing, as it has done, the consumptive demand for spring and summer goods. The month
closes with stocks in the hands of retailers reported large for
the time of year, moderate with jobbers, and still small in
the primary market. Nevertheless the average of prices is
lower than a month ago in the latter division, with declines
iD cotton goods the most noticeable feature.
Tnis week th9
demand on all hands has been si 3W. The orders plaoed in
the primary market have been almost entirely dictated by
present needs, and, while fairly well diversified, have been
for small quantities only.
The tone in the cotton-goods market is weak in most quarters, with considerable irregularity
in prices, and joobers have been making lower prices on
certain lines of both staple and fancy goods, in efforts to
reduce stocks.
In the woolen-goods division matters are
a'most a a standstill, so far as men's wear fabrics go, and
only a moderate business in the aggregate is reported in
dress goods.
,
ritur.
Vol. lxxviii.
THE DR7 GOODS TRADE.
been very few buyers in the
market this week for men's wear woolen and worsted fabrics, and orders ooming through other channels have been
small in number and for small quantities.
Reports from
the clothing trade up to date are not satisfactory. The prolonged cold weather has retarded the distribution of lightweight garments by retailers, and this is telling against free
preparations for next fall clothing season.
Clothiers are
also complaining that their operations are being seriously
interfered with by the failure of a number of sellers to make
deliveries on the orders taken early in the season. This has
thrown them back in making up their sample garments. It
has also led to the cancellation of many of such orders. Reports of ourtailment of production among the woolen and
worsted mills are increasing and it is evident tint some manufacurers have thrown machinery out of work without filling all tne orders they had on hand. The tone of the market
is very dull, but no change in prioes can be reported.
Wellsold lines are firm aad in other directions sellers are not
making any effort to attract business by price reductions in
face of the apathy of buyers.
Sales of overcoatings are restricted in volume and cloakings are quiet without quotable
ohange in prices. Staple drees goods are quiet throughout,
with a moderate demand for fancies for the fall season.
Seasonable fancies are dull and irregular.
New York, Friday, P. M„ April 29, 1904.
Foreign Dry Goods.—There is a fiir demand for piece
Business in dry goods during the month of April has been silks in fancy effects but staple silks are slow. Ribbons are
generally of a decidedly unsatisfactory character. The out- in demand for millinery purposes chiefly. Woolen and worput from the mills hag been on a much reduced scale, with sted dress goods are quiet, but generally steady in price.
complaints from manufacturer* of inadequate prices on this Linens continue firm, with a moderate demand, Burlap3 are
lessened production, while ths handlers t»l
merchandise quiet and barely steady.
—
J
APR.
—
:
THE CHRONICLE.
30, 1904.
6ws wn
City
News
Dep^htmsht.
Items.
A
—
California.— Litigation.—The following from Sacramento,
relative to a claim against the State for nearly $2,000,000.
out of the "Montgomery Avenne bonds" of San
frowing
'rancieco, appeared in the San Francisco "Chronicle :"
Sacra.mknto. March 30.— A. claim for nearly $2,000,000 against
the State of California was rlied to-day b> E. B. Hoiladay, an attorney of San Fianolsoo, with W. B Mellio*. Secretary of the State Board
of Examiners. The claim Is made by the Union Trust Company of
San Francisco to recover from the State the snm of $847,000, wlih Interest at the raie of t%, amounting to $1,122,750, running since 1873.
A speolal Act was passed by the Legislature in 1872 by which a
Board of Public Works was oieated in San Francisco. Bonds were
Issued by the board for the purpose of opening, widening and extend-
Montgomery Avenue. The boads were known as Montgomery
Avenue bonds. Later, when the bonds were attacked In Court, It was
shown that theie was not a sumolent frontage of property attaohed to
the petition, so the bondholders went Into the courts and theie has
been a oontest on for many years. The bondholders always brought
suit against the City of San Francisco. The Sta'e Supreme Court and
ing
the United States circuit Court have both held that liability does not
attach to the olty.
Now Holladay has brought suit against the State, holding that the
State 1b liable because the Board of Public Works was the agent of the
State, specifically made so by an Act of the Legislature, and, as the
agent of the State, failed to note that the petition was not sumolent.
Secretary Mel lick said the claim would be taken up at the next meeting of the Board of Examiners, and would no doubt be rejected by
that body. The trubt company will then be In a position to again take
the matter up In the courts.
—
Houston, Texas. Referendum Authorized. At the regular
biennial t lection April 4 the referendum proposition submitted carried by a vote of 1,247 to 390. This law stipulates
that hereafter when a franchise is proposed, if a petition
signed by 900 or more legal voters is made to the City Council to submit the quest ion to a vote, such franchise cannot
be granted unless the proposition receive a majority vote at
a special election called for the purpose. Should a franchise
be asked for, and no such petition be presented, ''then the City
Council may determine for itself, without submitting the
question to the legal voters, whether or not it will grant
such proposed franchise."
Massachusetts.— Bill Providing for Public Sales of Bonds.
The bill directing the State Treasurer to advertise all future
sales of bonds instead of disposing of them at private sale
pat sed both houses of the State Legislature and has recently
been signed by the Governor.
New Jersey.— Laws of 1904.— The Legislature which recently adjourned enacted a law (Chapter 54) making the
limit of tower of any city to raise money, either by temporary loans or by the issuance of bonds, 15% of the taxable value
of the real and personal property therein, This Act was approved by the Gove n or on March 22 and took effect at once.
preeent it below in full
Be it enacted by the Senate and General Assembly of the State of New
We
Jersey
565
York City, $33,C00 5% funding bonds, dated July 1, lh91.
Bonds called are Nos. 46 to 50, inclusive; 80 to 99, inclusive;
105 to 109, inclusive, and 156 to 158, inclusive.
The official notice of this bond call will be found
the advertisements elsewhere in this Department
Antrim County, Mich.— Bond Litigation.— Upon the petition of several taxpayers, Judge Mayne, is is stated, has
granted an injunction to restrain the county officials from
issuing the $30,000 court-house boads voted at the recent
number of irregularties are
spring election held April 4.
alleged.
Arizona— Oklahoma.— Statehood Bill Failsat This Session,
The Senate at Washington failed to act prkrto adjournment of Congrees on April 28 on the bill creating a new State
nnder the name of Oklahoma, by the union of the Territories
of Oklahoma and Indian Territory, and also a State under
the name of Arizona, formed by the union of the Territories
of Arizona and New Mexico. This bill, as will be remembered, passed the Houee on April 19.
:
It shall be lawful for any city of this State, and it shall
have power and authority to raise money, either by temporary loans
or by the issue or Issues of bonds, for any sum not exceeding fifteen
per centum of the taxable value of the real and personal property
rated for assessment In such city, and to issue prouer evidence of indebtedness or bonds therefor in the name and under the corporate
of
such city, to be
signed
by the Mayor and atseal
countersigned by the City
City
Clerk and
tested by the
Treasurer; which bonds shall have coupons attached for every
half year's
Interest due. which coupons shall be signed by
the said Treasurer and numbered to correspond with the bonds to
which they shall be respectively attached; and all bonds issued under
this Act shall be numbered and a register of such numbers, tue date of
Issuing, to whom Issued, and tnetimeof payment, shall be made by the
City Clerk of such city in a book to be provided for such purpose; they
shall be of such denomination and bear interest at such rate, not exceeding five per centum per annum, and be payable at such times and
places, not exceeding thirty -Ave years from the date of issue, as the
City Council or other governing body shall determine: they shall be
dispohed of at not less than their par value; and the proceeds of such
evidence of Indebtedness or boi ds shall be used to retire any floating
or matured bonded indebtedness, fur the enlargement and impioyement of the public buildings, water works, sewerage tyatem, or for
other lawful purposes of suoh city; provided, that the issue of said
bonds shall be duly authorized by ordinance.
2. It shall be the duty of the City Council or other governing body to
provide by taxation in the annual tax levy of such city such sutu as
will be sumolent in every case to provide for the aimual interest of tinbonds to issued and a sinking fund for the redemption thereof which
shall not be less than two per centum of the amount so issued.
3. This Act shall take effect immediately.
Approved Maich 22, 1904.
1.
1
Hereafter
Bond Calls and Redemptions.
Dooglas County, Neb.— Bond Call.-R. O'Ketffe, Chairman Board of Ccunty Commissioners, calls for payment
May 1 at Kountze Bros., fiscal agents for the State in New
among
Frankfort, Kj.— Tenders of Bonds Desired by Sinking
Fund Commissioners. — The Sinking Fund Commiseioners of
this city desire to purchase a block of the outstanding 4% renewal bonds of the city. J. S. Darnell, Maror, may be ad-
dreesed.
Mason Township, Marion County, Mo.— Bond Call.— This
township called for payment April 1 bond No. 30 for $500,
dated March, 1898. Interest, 4f.
Nebraska.— Warrant Call. 8tate Treasurer Mortensen
—
has called for payment April 19 $50,000 warrants, Nos. 98,273
to 98,897, inclusive. Warrants are dated up to June 9, 1902.
New Orleans, La.— Premium Bonds Drawn. The following premium bonds of the city of New Orleans were drawn
by lot on April 15, 1904 (for payment July 15, 1904), this
Series 87,
being tbe one hundred and fourteenth allotment
—
:
125,
2807,
4659,
7621,
9471,
were
1537,
3013,
5486,
8691,
429, 798,
2846, 2967,
5474, 5485,
8257, 8678,
9688, 9729
never issued.
319,
2483,
5312,
7857,
9486,
Pittsburgh, Pa.
and
1569,
3181,
5489,
8902,
9i>68.
1743, 1759, 1860, 1903,
8549, 8869, 4092, 4407,
6132, 6765, 6811, 7613,
9033, 9160, 9*64, 9296,
Series Nos. 6734 to 10,000
1851,
3297,
5492,
8975,
Bond Call.— We
are advised that the
city of Pittsburgh, availing itself of the option contained
in the bonds issued in 1895 for park, water, boulevard, publicsafety and bridge improvements, calls for payment at tbe
office of the Pittsburgh Trust Co. all such bonds marked
"payable May 1, 1904."
Tennessee.— Bonds Purchased.—The State on April 14 purbonds at 96^ and on April 16 $20,000 bonds
chased $7,200
at 96 '•4.
The bonds have been canceled.
H
Bond Proposals and Negotiations this
week have been as follows
Albany, N. T.— Bond Offering. — Proposals will be received
until 11 a. M., May 8, by Howard N. Fuller, City Comptroller, for $115,000 Z%% registered refunding post-office bonds.
Securities are dated May 1, 1904, and will mature part yearly
:
on May 1 from 1905 to 1924, inclusive. Interest semi-annually at the office of the City Treasurer. Bonds are exempt
from taxation for town, county, municipal or State purposes.
Alexandria, La.— Bonds Not Sold.—Xo bids were received
April 25 for the $28,000 5% street- improvement bonds described in V. 78, p. 1286.
Ambler, Montgomery County, Pa.— Bond Sale.— On Apri
21 the $9,000 refunding and the $8,000 funding 4% bonds
scribed in V. 78, p. 1458, were awarded to Heyl & Ma r,
Philadelphia, at 10075 and interest. Following are the b
100-75 JenklnUwn Trust Co
Heyl & Major. Philadelphia
1
•
I
Local bidder f or part of Issue
101*00
I
Local bidder
•
•
1
Anadarko, Ok la. —Bond Offering.— Proposals will be reMay 2 by B. E. Beebe, City Clerk, for the $30,000
sewer bonds which were authorized at the election toeld
Feb. 17, 1904. Interest rate not to exceed 6*. Bonds are op-
ceived until
tional after ten years,
Asbur v Park, N. J.— Bonds Voted.- This city on April
by a vote of 98 to 5. authorized the issuance of $19,C00 4%
26,
30-
year fire-depaitment bonds.
Ashland, Ore.— Bonds Sold in Part.— The Bark of Ashland has purchased at par and interest $14,000 of the $20,000
4%i sewer bonds described in V. 78, p. 1510. There still remains unsold $6,000 of these bonds.
Ashland Couiitj (P. O. Ashland), Ohio.— Bond Offering.—
Proposals will be received until 1 p. m., May 2, by E. B.
Westover, County Auditor, for $35,000 5* coupon bridgerepair bonds. Denomination, $1,000. Date, March 1, 1904.
Interest, semi-annual.
Maturity, $1,000 each six months
from Sept. 1, 1909, to Sept. 1, 1926. inclusive. Authority for
issue, Section 871, Revised Statutes of Ohio.
Accrued interest to be paid by purchaser.
Atlanta, 6a.— Bond Sale. This city on April 9 sold to the
Sit kiDg Fund Commissioners at par $50,000 3}4% water and
Date,
$44,010 '6%% sewer bonds.
Denomination, $l,OC0.
July 1, 19l3. Interest, semi annual. Maturity, July 1, 1933.
Atlantic City, N. J.— Bond Sale.— The Sinking Fund Commissioners of Atlantic City have taken at par an issue of
$23,000 4% eemi-oentennial-celebration bonds. Date. Mav 1,
1904.
Interest, semi-annual.
Maturity, May 1, 19i9. This
city was incorporated in 1854 and holds its semi-centennial
jubilee on June 16-17-18, 1904. A. M. Heston is City Comp-
—
troller.
Atlantic County, N.
J.— Bond Sale.— This county has
sold
to tbe Sinking Fund Commissioners of Atlantic City an issue
Denominaof $15,000 4%, asylum-enlargement bonds at par,
tion, $5,000.
Date, April 1, 1904. Interest, January 1 and
July 1. Maturity, $5,000 on January 1 of the years 1906, 1907
and 1908.
Barton Heights, Va.— Bond Sale.— On April 13 $10,000 5*
water- wort s-i approvement bonds, dated Feb. 1, 1903, were
awarded to Richard W. Maury at par and interest. DenomMaturity, Feb. 1, 1933.
ination, |500.
Interest, semi-annual.
Bay City, Mich.—Bona Offering.— Proposals will be received until 3 p. m., May 2, by T. W. Moore, City Comptroller, for $49,500 4% local-improvement bonds. Bonds are dated
—
:
:
THE CHRONICLE.
156(3
as follows : $16,500 dated May, 1, 1904, and ma1907; |16,500 dated May 1, 1904, and maturing
May 1, 1908, and $16,500 dated July 1, 1904, and maturing
July 1, 1909. They are in denomination of $1,000, except
three bonds for $500 each, and the interest will be payable
York
semi-annually at the National Bank of Commerce,
City. Parchaser will be required to pay accrued interest
and also to furnish lithographed bonds free of charge. Certified check for $500, payable to the City Treasurer, must
accompany proposals.
and mature
May
turing
1,
New
Belleville (Mich.) School District— Bond Sale.—On April
4%% 1-5-year (serial) sohool-building bonds were
awarded to George and Rolf e Clark at par. Denomination,
Date, April 18, 1904. Interest, annual.
$500.
Boulder, Colo.—Bond Offering.—Proposals will be received until 8 p. m., May 4, by the City Council, for the $65,000 4% water-works-extension bonds mentioned in V. 78, p.
Denomination,
1409, as having been voted on March 29.
Date, April 1, 1904. Interest, semi-annual. Matur$1,000.
Authority, Laws of 1899, Chapter 158,
ity, April 1,, 1919.
Sectione 1, 2,3, page 419. The official circular states that
interest and principal have always been paid promptly, and
that there are no legal or other objections to these bonds.
E. K. Stafford is City Clerk.
Butler County, Ohio.—Bond Sale.— On April 23 $10,000 4*
refunding bonds were awarded to the Western German Bank
of Cincinnati at 100*55. Denomination, $500. Date, May 1.
Interest, semi-annual. Maturity, 1909.
1904.
Charleroi, Pa.—Bond Sale.— On April 15 $32,000 4%i bonds
($9,000 garbage and furnace and $28,000 liquidating and
Co., Cincinrefunding) were awarded to Weil, Roth
nati, for $83,748. Denomination, $1,000. Date, April 1, 1904.
Interest, semi-annual. Maturity, $6,000 on April 1 of the
years 1916, 1920 and 1924, and $7,000 on April 1 of the years
1928 and 1932.
Charleroi (Pa.) School District.—Bond Sale.—This district has sold an issue of $23,000 4%% coupon school-building
Co., Cincinnati, at 104*57.
bonds to Rudolph Kleybolte
Denomination, $1,000. Date, April 1, 1904. Interest semiannually in Charleroi. Maturity yearly on April 1 from
1912 to 1927, as follows : $3,000 in 1912, $1,000 in each of the
years 1913, 1914, 1915, 1916, 1917, 1918, 1920, 1921, 1923 and
1925; $2,000 in the years 1919, 1922, 1924, 1926 and 1927.
Chippewa County (P. O. Sault Ste. Marie), Mich.—Bond
Offering.— Proposals will be reoeived until 11 a. m., Mav 16,
by John E. Parsille, County Clerk, for $25,000 4% gold courthouse-addition and alteration bonds. Authority, vote 1,611
to 1,426 at election held April 4, 1904. Denomination, $1,000.
Date, June 1, 1904. Interest semi-annually at the Chase National Bank, New York City, "or some other suitable and
convenient place." Maturity, June 1, 1919.
Cincinnati, Ohio.— Bond Sale.— On April 25 the $800,000
20-year
4% 20-year street- improvement and the $250,000
sewer- construction bonds described in V. 78, p. 1287, were
awarded to Vermilye
Co., New York City, at 106*43 and
interest.
Following are the bids
18 $5,000
&
&
H
&
:
& Co., New York
Union Sav. Bank* Trust Co.. Cincinnati
Seasongood & Mayer, Cincinnati
Dudley 8. Harde, Washington
K. L. Day * Co., New York
Blodget. Merrltt& Co., Boston..
Dommlck & Domlnick, New York
N. W. Harris & Co.. Chicago
Feder, liolzman & Co.. Cincinnati
W. J. Hayes * Sons, Cleveland
It. Kleybolte & Co., Cincinnati
Vermilye
County,
Minn.
$260,000
Sewer Bdi.
$819,290 00
817,116 00
317,040 00
816,650 00
816.621 00
816,620 00
816,900 00
$286,076 »0
26S.fc51
00
263,860 00
263.250 00
262,38125
262,827 00
261,000 00
269,000 00
Bond Offering.— Proposals
will be received until 2 p. M., May 2, by Elward Grover,
County Auditor, for $12,000
drainage-ditch No. 1 bonds.
Denomination, $1,000. Date, May 2, 1904. Interest annually
in Bagley. Maturity, "on or before May 2, 1914."
H
Cleveland, Ohio.— Bond Sale.— On April 25 the fourteen
issues of bonds described in V. 78, p. 1409, were awarded as
follows
$470,000 t% coupon sewer bonds to IS. H. Rollins & Suns for $471,888.
126,000 i% coupon bridge bomds to W. J. Hayes & Sons, Cleveland, for $127,175.
220,000 1% coupon sewer district bonds (eight issues) to H. H. Rollins & Sons,
oston, for $423,168.
175,000 i% coupon water-works bonds to Fuller, Parsons & Snyder et al. f or
$177,625.
5,000 i% coupon public-bath
bonds to E. H. Rollins
&
Sons, Boston, for
$5,072,
coupon [mrk bunds to E. 1). liolllriH A Sons, Boston, fur $200,161.
812,000 6;J coupon street-Improvement bonds to the Union Savings Bank &
Trust Co. and the German National Bank of Cincinnati for $210,610,
265,1(1111
i*
The following
bids were received
:
Y.— Bond
Offering.— Miller Bay, City Chamberauction at 12 m., May 11, $173,794 57
Date, May 10,
4% registered public improvement bonds.
1904.
Interest, semi-annually on Jan. 1 and July 1 at the
United States Mortgage & Trust Co., New York City. Principal will mature as follows: $10,000 Jan. 1, 1911; $10,000
Jan. 1, 1912; $16,801 11 Jan. 1, 1913; $10,000 Jan. 1, 1914;
$14,916 50 Jan. 1, 1915; $8,364 78 Jan. 1, 1916; $10,000 Jan. 1,
Cohoes, N.
lain, will sell at public
1917; $76,709 46 May 10, 1905, and $1,000 16 on May 10 from
1906 to 1922, inclusive. Authority, Chapter 227, Laws of
1898.
Cottonwood County (P. 0. Windom), Minn.— Bond Offering.—Proposals will be received until 2 p. m,, May 4, by
John A. Brown, County Auditor, for $17,000 4.% 10-year bonds.
Interest, annual.
Crescent City, Cal.—Bonds Defeated. At an election held
in this City on April 9 a proposition to issue $6,000 5% cityhall bonds was defeated.
Cuyahoga Falls, Ohio.—Bond Offering.— Proposals will
be received until 11:80 p. m., May 23, by the Committee on
Finance of the Village Council, for $1,500 5% water-mainextension bonds. Denomination, $800. Date, May 1, 1904.
Interest, semi-annually at the office of the Village Treasurer.
Maturity, $300 yearly on May 1 from 1905 to 1909, inclusive.
Dryden, N. Y.—Bond Sale.— The $2,500 gold lighting-plant
bonds offered but not sold on March 10 were awarded later
in the month to the First National Bank of Dryden at par for
%% per cents. These bonds are part of an issue of $5,000, all
of which have now been placed. See V. 78, pp. 1002 and
1187, for description of bonds.
Dnquesne (Pa ) School District— Bond Sate.— The $20,000
4% high-school bonds mentioned in the Chronicle March 12
have been sold to the Municipal
Corporation Securities Co.
of Pittsburgh at 97*50. Denomination, $1,000. Interest, Jan-
—
&
uary 1 and July 1.
East Orange, N. J.—Bond Sale.— On April 25 the $85,000
4% coupon school and the $250,000 4% coupon water bonds described in V. 78, p. 1458, were awarded to Thompson, Tenney & Crawford of New York City at 104 044. Following
are tne bids
Thompson, Tenney & Crawford, New York
E. H. Rollins & Sons, Boston
Kountze Bros., New Fork.
W. J .Hayes a Sons. Cleveland
T. W. Stephens &:Co.. New York
New York...
Savings Inv. & Trust Co.. East Orange
N. W. Harris & Co., New York
N. W. Halsey & Co., New York
Spiuer
&
$85,000
School Bonds.
$88,488 Oo
88,210 46
88,206 00
87,185 00
87,151 00
$250,000
Water Bonds.
$280,110 00
259.428 00
2*6,325 00
266.160 00
86,75100
Co.,
85.856 00
85,706 60
252,700 00
252,5<!500
86.67100
Ward Savings Bank, Jersey City
{foJSooOOO s'olloo
Elmwood Place, Ohio.—Bond Award Rescinded.— The
Village Council has rescinded the award made on March 19
to Rudolph Kleybolte
Co. of Cincinnati of $10,000 4% debtextension bonds, for the reason that the issue was not propFifth
&
erly advertised.
Elyria,
Ohio.— Bond Offering.— Proposals will be received
May 81, by Frank R. Fauver, City Auditor, for
until 12 M.,
the following bonds:
$2,700
coupon East Broad Street improvement bonds, maturing one bond
March 1 yearly from 1U0U to 1914, inclusive.
coupon West River Street Improvement bonds, maturing one bond
of $160 March 1, 1905; one bond §50o March 1, 1909, and one bond $500
6jf
of §300 on
1,160 6%
204,28250
268,276 00
268,876 00
316,67180
814,856 60
314,797 00
313.200 00
312,780 00
Western German Bank, Cincinnati
Clearwater
$300,000
Street Bonds.
[Vol. lxxviil
March
1.
^^
1914.
coupon Chestnut Street Improvement bonds, maturing one bond of
$500 on March 1 of the years 1906, 1907, 1909, 1911 and 1913, and two
bonds $500 each on Mar. 1 of the years 1906, 1908. 1910, 1912 and 19U.
12.000 6% coupon Fourth Street improvement bonds, maturing one bond of
$600 on March 1 of the years 1906, 1906a>nd 1907, and three bonds of
$500 each yearly on March i from 1908 to 1914, inclusive.
Authority, Section 2835, Revised Statutes of Ohio. Date
of all issues, March 1, 1904. Interest, March 1 and Sept. 1
at the United States Mortgage
Trust Co.,
York City.
Accrued interest to be paid by purchaser. Certified check on
a local bank for $500, payable to the City Treasurer, required with bids for each is me. Bids to be made on blanks
7,500 6%
&
New
prepared by the city.
Enid, Okia.— Bond Offering.— Proposals will be received
until 12 m., May 6, by E. R. Lee, City Clerk, for the $75,000
30-year water-works bonds mentioned in V. 78, p. 1511. Denomination, $1,000. Interest, not exceeding 6s, semi-annual.
Each bid must be acoomDanied by a certified cheok for $500.
Bonded debt at present, $85,700. Actual valuation, $891,796.
Essex County, N. J.—Bond Sale.— ©n April 27 the $400,000
4% court house bonds described.in V. 78, p. 1459, were awarded to Kountze Bros., New York City, at 106*521 and interest.
Following are the bids
Kountze Bros., New Y«rk
$120,084 N. W. Halsey 4 Co.. N. V
$425,140
T. W. Stephens * Co., N. Y
486,760 E U. Rollins & Sons. Boston... 423,101
E. Seymour & Co.. N. Y
426,626 J D. Everttt & Co., N. Y
480.808
Thompson, Tenney * CrawRhoades & Richmond. N. Y... 420,280
ford, New York
425,660 W.J.Hayes* Sons, Boston... 416,777
O'Connor & Kahler.New York.. 426,600 Mason, Lewis* Co., Chicago.. 416.616
Fall Kiver, Mass.— Bond Sale.— Merrill, Oldham & Co.,
Boston, were the successful bidders on April 28 for three issues
:
.
B. H. Rollins
&
Sons. Boston, for each issue of bonds as above, $471,888,
$126,300. $*28,168. * 177,520. $5,072, $2o0,161 and $416,346. respectively.
W. J. Hayes & Sons, Cleveland. $127,176 for bridge bonds.
Fuller, Parsons & Snyder, Cleveland the Security Savings Bank & Trust Co.,
Toledo, and the New First National Bank of Columbus, $177,626 for the water
;
bonds.
Union Savings Bank & Trust Co. and the Western German Bank of Cincinnati, for the water, the park and the street-Improvement bonds, $177,190,
$457,000 and $216,510, respectively.
R. Kleybolte & Co., Cincinnati. $250,276 for the park bonds.
S. K uini & Sons, Cincinnati. $258,445 for the park bonds.
Well, Hoi & Co., Cincinnati, for the bridge, the water and the street bonds,
$124,187 60, $176.78* and $216,028, respectively.
Latnprccht Bros. Co., Cleveland, for the bridge and the water bonds, $126,012 60 and $177,292 50, respectively.
Denlson. Prior & Co. of Cleveland and Boston and Seasongood & Mayer, Clnolnnutl, o tiered $1,477,620 for the entire amount offered.
N. W. Harris * Co., Chicago, offered $1,478,126 for the entire amount o Herod.
of bonds as follows
:
$100,000 SHft sewer bonds, maturing May 2, 1984. Psice, 100-679.
190.000 4jt highway bonds, maturing May 2, 1914. ) „„.„„ ma-axa
Price, 103 869.
60,000 4ft park bonds, maturing May 2, 1014.
J
ii
Coates»ille, Pa.— Bond Sale.— Local investors have purchased at par and interest $2,000 of the 8%£ water and
sewer bonds mentioned in V. 77, p. 2295, and V. 76, p. 1369.
These bonds are part of an issue of $40,000, of which $32,000
have now been placed. The remaining $8,000 bonds are still
for sale at par and interest.
Following are the bids
..
,,. «,...
Merrill,
Oldham
R. L. Day A Co.,
,.
&^
Co.. Boston
«.
Boston
Dudley 8. Harde
Kstabrnok * Co.. Boston
N. W. Harris & Co.. Boston
Blodget, Merrltt * Co., Boston
Jackson * Curtis, Boston
Perry, Coffin * Burr, Boston
Blake Bros. * Co., Boston
Vermilye 4 Co., Boston
W.J. Hayes * Sons, Boston ...
:
** Bond*.
10.V869
S\i% Bonds.
100'579
103617
10865
.
...
10000
108'61
108335
103 »76
ioO'US"
10826
108'18
"!'.!!!.
-
103 16
1.......
'"!"!.
103'0l
102-69
i*00*20
Besides the above tne following bids were received
E. H.
Gay Co., Boston, bid |6,024 premium for all or none; N.
&
:
——
Apr.
THE CHRONICLE.
30, 1904.]
Harris & Co., Boston, bid $7,860 premium for all or none:
Blake Bros. & Co. and Estabrook & Co. bid par for all or
none of the sewer bends, and Blodget, Merritt A Co. bid
100 '02 for all or none of the sewer bonds.
AH issues are dated May 2, 1004. Interest, semi-annual.
Flandreau, 8. Dak.—Bond Offering.— Proposals will be received until 8 p. m., May 20, for the $17,000 coupon water
bonds mentioned in the Chronicle last week. Authority,
vote of 134 to 11 at election held April 10, 1004. Interest is
limited by law to 5<f. Bonds will be dated June 1, 1004, and
Dewill mature in 15 years, subject to call after 10 years.
nomination, $1,000. Interest semi annually at office of City
Treasurer. Bonded debt, including this issue, $31,600. Assessed valuation, $390,000. E. G. Coleman is City Auditor.
Franklin County, Ohio.—Bond Offering.— Proposals will
be received until 12 M., May 24, by the Turnpike Commissioners, at the offioe of the County Auditor, for $2,100 6*
Denune free- turn pike bonds. Date, June 1, 1004. Interest
semi-annually at the office of the County Treasurer. Authority, Section 4808, Revised Statutes of Ohio. Maturity as
W.
follows
|200
200
20*
300
(one
(one
(one
(one
:
bond)
bond)
bond)
bond)
June 1,
June 1,
June 1,
June 1,
—
:
:
•300
S00
800
300
1905.
1906.
1907.
1908.
(one bond) June
(one bond) June
(one bond) June
(one bond) J une
1909.
1810.
1911.
1. 1912.
1,
1,
1.
1567
—
Homestead, Pa.— Bond Sale, This place has sold at par
and interest to N. W. Harris & Co., Chicago, $100,000 4%
funding and refunding bonds. Securities are part of an issue
of $164,000 bonds voted at the election held June 10, 1902.
They were awarded on Aug. 18, 1902, to C. R. Williams &
Co. of Pitsburgh, but that sale failed of consummation. In
June, 1908, $64,000 of the bonds were disposed of at private
sale, leaving the $100,000 bonds which have now been sold to
N. W. Harris & Co. The bonds are dated July 1, 1002, and
are in denomination of $1,000. Interest semi-annually in
Homestead. Maturity of bonds just awarded, $41, COO July 1,
Bonds are exempt from taxa1922, and $50,000 July 1, 1082.
tion.
Humphrey, Neb.
Bond Offering.— Proposals
will be reDy R. P. Drake, Village Clerk,
for $5,600 refunding water bonds, to be issued under authority of Section 10,780 of Chapter 49 of Nebraska Statutes,
Denomination, $560. Date, June 15, 1904. Interest,
1903.
not to exceed 54, semi-annually at the Nebraska fiscal agenoy
in New York City. Maturity, $560 yearly from 1915 to 1924,
inclusive, all bonds being optional after ten years from date
of issue. A oer tiiied check for 2% of bid required. Bonded
debt, including this issue, $0,600; floating debt, $5,000. As-
ceived until 8
p. M.,
May
17,
sessed valuation, $120,000.
Gallon, Ohio.— Bond Offering.— Proposals will be received
until 12 M., May 20, by J. O. Boss, City Auditor, for $6,200
4%% North Washington Street improvement bonds. Denominations, nine for $600 each and one for $800. Date, Sept. 1,
Certified
1908. Interest, annual. Maturity, Sept. 1, 1013.
check for 1%% of the amount of bonds bid for, payable to the
City Treasurer, required.
ttaylord (Minn.) Independent School District No. 19.—
Bond Offering.— Proposals will be received until 8:30 p. m.,
May 9, by C. F. Thoele, Clerk Board of Education, for $4,000
Hi coupon school bonds. Denomination, $1,000. Date, July 1,
1904.
Interest semi-annually at the First National Bank,
Minneapolis. Maturity, $1,000 on July 1 from 1911 to 1914,
inclusive. Authority, General Statutes of Minnesota, Section 3688, and amendments thereto.
A certified check or
draft for 3% of amount of bid required.
Gloucester City, N. J.— Bond Sale.— On April 1 this city
awarded at par and interest to the Provident Life & Trust
Co. of Philadelphia $40,000 street and $10,000 sewer-improvement bonds. Denominations, street $1,000 and sewer
$500. Date, Jan. 1, 1904. Interest, 4% semi-annual. Maturity,
Jan. 1, 1924,
Grand Forks County, N. Dak.— Bonds Not Sold.— We are
advised that no bids complying with the terms of the advertisement were received on April 4 for the $33,500 drainage
bonds described in V. 78, p. 726.
Greenville (Ohio) School District.— Bond Offering.— Proposals will be received until 12 M., May 3, by Geo. W. Mannix Jr., Clerk Board of Education, for $34,500 4y2 % coupon
school bonds. Securities will be dated the day of sale. Interest, semi-annual.
Maturity, $3,000 yearly on September 1
HuntSTllle,
Mo.—Bond
Sale.— On April 25 the $17,500 5%
78, p. 1512, were awarded
of Chicago at 108'20. Following
macadamizing bonds|described in V.
to the First National
are the bids
Bank
$18,000
First Nat. Bank. Chicago
Mercantile Tr. Co., St, Louis. 18.058
Mechanics' Sav. Bk.,Moberly. 17.937
O. M Bechtel 4Co.,DaT'port. 17.8C0
Chas. H. Coffin. Chicago
$17,701
Devltt, Tremble 4 Co., Chic. 17,876
Mls»ourlTrustCo.,St. Louis. 17,67 5
John Nuveen * Co., Chlo
17,625
W.J. Hayes* Sons, Cleve... 17.692
Mac Donald, McCoy* Co., Chi. 17,600
00
00
00
00
.
Trowbridge 4 NlverOcOhlc. 17.807 00
Francis Bros. 4 Co.. St. Louis. 17,776 00
00
00
00
00
00
00
loplln (io.) School District.— Bond Offering.— Proposals
will be received until 12 M. May 23, by J. C. Faulkender,
school bonds mentioned in last
Secretary, for the $30,000
,
H
week's Chronicle, p. 1512. Date, June 1, 1904. Maturity,
June 1, 1924, subject to call after June 1, 1914. Each bid
must be accompanied by a certified check for $1,000.
Kalamazoo, Mich. Bonds Proposed.— The issuance of $75,000 bonds is being considered for bridge and river improvemental
Bond Sale— On April 18 the $72,000 4%% paving bonds were
awarded to the Kalamazoo Savings Bank at par. DenominaDate, May 1. 1904. Interest, semi-annual. Mation, $1,000.
turity, $10,000 yearly on May 1 from 1905 to 1909, inclusive,
and $11,000 on May 1 of the years 1910 and 1911.
Kansas City (Mo.) School District.— Bond Sale.— Mr. W.
E, Benson, Clerk Board of Education, writes us that $200,000 %%% 20- year school bonds, dated Jan. 1, 1908, have been
sold at par to the Fidelity Trust Co. of Kansas City. These
bonds are part of an issue of $500,000 voted at the election
held Sept. 27, 1902, of which $300,000 were awarded in March,
1908.
Kingfisher, Okla.— Bonds Not Yet Sold.— No sale has yet
been made of the $30,000 5% water and light bonds offered
from 1906 to 1912, inclusive, and $4,500 on September 1 from without success last September. M. B. Gilbert is City Clerk.
La fcrrande, Ore. Bond Offering. Proposals will be re1913 to 1915, inclusive. Certified check for $500 required
with bids. Bonded debt of district at present, $7,000. As- ceived until 8 p. m., May 11, by Wm. Miller, City Recorder,
for $25,000 5% coupon gold city-hall bonds. Authority, Section
sessed valuation, $8,704,000.
Bond
Groveland, Mass.—
Sale.— On April 8 $2,500 4% cem- 181 of the City Charter. Denomination, $500. Date, July 1,
etery bonds were awarded at par to the City Five- Cent Sav- 1904. Interest, semi-annually at place to be agreed upon beings Bank of Haverhill. Denomination, one bond $2,500. tween purchaser and city. Maturity, July 1, 1924, subject to
Date, April 6, 1904. Interest, semi-annual. Maturity, April 6, call after July 1, 1914. Bonded debt, including this issue,
Assessed valuation, 1903,
$75,000; floating debt, $20,000.
1914.
Hamilton (Mo.) School District.—Bond Offering.—Pro $558,447. These bonds were authorized by a vote of 813 for
posals will be received until 12 M., May 2, by L. A. Wallace, to 37 against at election held March 14.
Lanstiowne, Delaware County, Pa. Bond Sale. We are
Clerk, for the $25,000 4% coupon school-building bonds meninformed
th»t the $5,000 4$ coupon highway and sewer bonds
tioned in last week's Chronicle, p. 1512. Date, day of sale.
Denomination, $500. Interest annually in Hamilton. Ma- offered last January have been disposed of to E. V. Kane of
turity, part yearly on February 1 as follows : $1,000 from Lansdowne at 101*50. See V. 78, p. 299, for description of
—
—
1906 to 1913, inclusive; $1,500 from 1914 to 1919, inclusive,
to 1923, inclusive. Authority, Section
9752, R. S. 1899 of the School Laws of Missouri, 1903.
certified check for $500 required with each bid. Purohaser
to furnish blank bonds free of charge, and to take the bonds
within 15 days after notice or 10 days after being notified
that the bonds are registered by the State Auditor. The
official advertisement states that the district has never defaulted in payment, and that there is no controversy pending or threatened affecting these bonds. The district has no
bonded debt outside of this issue. Assessed valuation about
$575,000; actual valuation about $1,575,000.
Hartford City (Ind.) jSchool District.—Bond Sale.— This
district on April 1 awarded an issue of $40,000 5£ school bonds
to the Royal Trust Co. of Chicago at 106*26, accrued interest
and blank bonds. Following are the bids
and $2,000 from 1920
A
:
$10,906 00
Royal Trust Co., Chicago
$43,605 00 Season good * Mayer, Cia
Devitt. Tremble * Co.. Ctaio. 41,338 S3 A.6. Lupton, Hartford City. 40,300 00
I
J. F.
Wild 4 Co..
Ind'apolis.
Denomination,
.
41.025 00
$1,000.
I
Date, Jan.
1,
1904.
Interest, semi-
annual.
Kan.— Bond Offering.— Proposals will be received
p. m., May 16, by W. H. Carrick, City Clerk, for $25.-
Hays,
until 7
000 Q%
coupon water-works bonds. Denomination, $1,000.
Date, June 1, 1904. Interest, semi-annual. Maturity, 20
years, subject to call after 5 years. Authority for issue,
Chapter 186, Laws of 1903.
Holyoke, Minn.— Bond Sale— On April 16 the $10,000
15-year road and bridge bonds described in V. 78, p. 1288,
were awarded to A. C. Jones of Dalutn at par. Bonds are
dated May 2, 1904.
H
bonds.
La Porte County, Ind.— Bond Offering.— Bids will be received until 11 a. m., May 7, by CUarles H. Miller, County
Auditor, for the following drainage bonds :
$10,299 26 6* 2-10-year (serial) Long Ditch bonds.
15.019 00 6% 2-10-year (aerial) Stielow Ditch bonds.
Bonds are dated Dec. 81,
payable semi-annually at the
Lindsay, OnL— Dtbenture
advised that the $23,114 84
1903, and the interest will be
First National Bank of Chicago.
are
Offering Withdrawn.
4% local-improvement and the
local- improvement debentures, the sale of
$21,869 38
which was advertised to take place on April 15, have been
withdrawn "until the market is in a better condition."
Logan City, Utah.— Bond Sale.— On April 15 the $12,000
5% electric-ligbt bonds described in V. 78, p. 1410, were
awarded to Kleybolte
Co. of Cincinnati at 102-0833. Following are the bids
$12.10600
Kleybolte* Co.. Clncln
$12.25000 R. A. Kean Chioaeo
K. H. Rollins * Sons. Deny.. 12,200 00 State Board of Land Com12,000 00
missioners. Utah
Lucas County (P. 0. Toledo), Onio.— Bond Sale.—
April 25 the $49,864 4%% bridge bonds described in V. 78, p.
Mayer, Cincinnati, for
1410, were awarded to Seasongood
a premium of $2,575 75 and accrued interest. Following are
the bids :
Premium.
Premium.
— We
H
&
On
&
Well. Roth 4 Co.. Cincinnati.. $2,132 00
Second Nat. Bank. Toledo... 2.128 00
2.120 66
E. H. Rollins * Sons, Chic
&
Provident Sav. Bk. 4 Tr. Co.. 1.W81 25
Denison, Prior * Co., Cleve1.950 00
land and Boston
2.408 70 Cincinnati Trust Co
W. J. HayeB * Sons, Cleve.... 2,402 00 Fuller, Parsons & Snyder,
Cleveland
Western German Bank, Cln.. 2.:«9 25
ff„XX
Security Trust Co., Toledo... 2,300 00 W. H. Todd 4 Co.. Clncin
HJi™
Noble. Moss * Co.. Detroit.
2.185 00 New 1st Nat. Bank, Columbus. 1.292 00
4 Mayer. Clncin. .$2,675 75
R. Kleybolte & Co.. Clncin.... 2.500 00
Splwer
2.412 00
Co.. Toledo
Heasongood
'
.
Lumprecbt Bros.
.
.
Co., Cleve... 2.150 50
—
—
THE CHRONICLE.
1568
payable Jan. 1 and July 1. Maturity, $100,000 in 1921, $100,000 in 1922 and $100,000 in 1923.
Neosho (Mo.) 8chool District.— Bond Sale.— On April 21
this district sold $10,000 5* 10-20-year (optional) schoolbuilding bonds to C. M. Shartel of Neosho at 107*15. Denomination, $500. Date, June 15, 1904. Interest payable annually on February 1.
New Brighton, Beaver County, Pa.— Bond Offering.— Proposals will be received until 6 P. m., May 4, by John S. Boots,
Borough Treasurer, for $20,000 4'4<f bonds. Denomination,
$1,0(0.
Date, Jan. 2, 19 J4. Interest, semi-annual. Maturity, $5,000 yearly on September 2 from 1907 to 1910, inclusive.
Present debt of borough, $35,823 26. Assessed valuation,
A
bid of 102-18 was also received from S. A. Kean of Chicago, but this offer was not accompanied by a certified check
for $1,000 as required.
Lynn, Mass.— Bond Sale.— On April 28 $80,000 4% enginehouse and $6,000 4% fire-engine bonds were awarded to Estabrook & Co., Boston, at 10203. Following are the bids
:
10160
102-03
Jackson & Curtis. Boston
Boston
Merrill, Oldham &Co.. Boston.. 101 fi99 Farson, Leach & Co.. Boston... IUI'30
101*60
Boston...
10T277
Rollins
Sons,
E.
H.
St,
Blake Bros. & Co.. Bosten
Adams A Co., Boston, bid 102 68 on JG.P00 and 101-16 on 130.000: Blodget.Merritt 4 Co.. Boston, bid 10131 on 130,000 and 10282 on $",000: R L.D<ty & Co
Boston, bid 101-337 on »30,0"0 and 101-097 on $8,000; N. W. Harris & Co., Boston, bid 101-03 on $30,000 and 102-09 on $6,000.
Estabrook
&
[Vol. lxxviii.
Co..
-
-
,
Interest on the above bonds will be payable June and D »
cember. Maturity, $30,000 em ine-house boDds, $8,009 yearly $3,072,992.
on December 1 from 1904 to 1913, inclusive; $6,000 fire-engine
New Mexico.— Bond Sale.—This Territory on April 8 sold
bonds Dec. 1, 1913.
to N. W. Harris & Co., Chicago, $101,800 4% refunding casualMacon (Mo.) School District.—Bond Offering.— Proposals deficit bonds at par and accrued interest. Denomination,
will be received until 12 M., June 1, by George Kohl, Secre- $1,000. Date, June 1, 1908. Interest, March and September.
tary, for $45,000 4%% bonds. Denomination, $1,000. Date, Maturity, June 1, 1938, subject to call after June 1,1928.
May 15, 1904. Maturity, 20 years, subject to call not ex- The call of the old bonds was given in last week's Chronicle
ceeding $8,000 yearly beginning one year after date of issue. on page 1510.
Manitoba (Can.) Drainage Districts.— Debenture Offering.
Norfolk County, Mass.— Bond Sate.— On April 26 the
Proposals will be received until May 7 by J. H Agnew, Pro- $100,000 4% building bonds described in V. 78, p. 1514, were
vincial Treasurer in Winnipeg, for the following 4% 30-year awarded to Blodget, Merritt & Co., Boston, at 103 31 and
drainage bonds:
interest.
$140,000 debentures of Drainage District No. 9.
Ochre River, Man— Debenture Sale.—The $15,000 deben4,o<,0 debentures of Drainage District «o. 6.
tures offered by this city on March 16 have been awarded to
8,000 bonds of Drainage District No. 7.
Denomination, $1,000. Date, May 15, 1904. Interest, semi- the National Trust Co. of Winnipeg for $14,505 for 3 27-32
per cent bonds.
annually at the Union Bank of Canada, Montreal.
Orange, N. J.— Bond Sale.— The $65,000 44 tax arrearage
Mansfield, Ohio. Bond Offering.— Proposals will be received until Yi M May 21, by D S. Koontz, City Auditor, for and the $'^0,000 4% street-assessment bonds mentioned in the
the $25, COO 5% coupon water works, reservoir and pumping- Chronicle March 12 have been taken by the Commissioners
station bonds and $10,000 5% coupon water -meter bonds au- of the Sinking Fnnd at par. Denominations, $1,000 and
thorized by the City Council March 15, 1904. Denomination, $500, Dite, April 1, 1904. Interest, semi-annual. Maturity,
Date, Jane 1, 1904. Interest, March 1 and Septem- one-tenth of each issue yearly.
$1,000.
Painesville, Ohio.— Bond Sale.— We are advised that the
ber 1 at the office of the City Treasurer. Maturity, $1,000 of
each issue every six months, beginning Sept. 1, 1904. Certi- $2,500 5% coupon assessment bond?, described in V. 78,
fied check for IOjs of bonds bid for, payable to the City Treas- p. 1289, have been taken by the sinking fund as an investment.
urer, required.
lark County, Mont.— Bonds Not Sold.— We are advised
Bond
Minn.—
Lake,
Wright
County.
Maple
Offering.—
Proposals will be received until 12 m., May 9, by Jas. A. that no bids were received on April 21 for the $24,000 4% refunding bonds described in V. 78, p. 1286, and that the ComSexton, Village Recorder, for $6,000 6* town hall bonds, Da
nomination, $500. Date, July 5 1904. Interest, semi-annually missioners are considering other ways of disposing of these
at the office of the Village Treasurer. Maturity, $500 on securities.
July 5, from 1905 to 1916, inclusive. Bonded debt of village,
Paterson, N. J.— Bond Offer tng.— Propoeals will be re$6,000; floiting debt, $1,00). Assessed valuation, $79,900.
ceived until 2 pm. May 2 by the Committee on Finance of
Marinette County, Wis.— Bond* fobs Issued.— This county,
the Board of Aldermen, George H. Drew, Chairman, at the
it is stated, will issue $100,000 insane-asylum bonds.
Merced County (Cal.) School District.— Bond Offering.— office of the City Treasurer, for the following bonds
—
,
'
:
We are advised that proposals
May
2,
will be received until 2 p. m.,
coupon renewal bonds, dated April 1. 1901.
coupon police-station bonds, dated April 1, 1£04.
Securities are in denomination of $1,000. Interest will
135,000 1% 20-year
10,000 4JU 20-year
by W. B. Croop, County Clerk, for $3,000 6% school-
be
payable semi-annually. Certified check for 5% of the amount
bid, drawn on a national or incorporated State bank, and
payable to the City Treasurer, required with bids. Accrued
interest to be paid by purchaser.
The oficial notice of this bond offering willbe found among
the advertisements elsewhere in this Department.
Pittsburgh, Pa.— Description of Bonds.—The $1,122,278 29
judgment bonds recently authorized will be issued under the
ordinance in sums of $100 or multiples thereof. Dite, June 1,
1904.
Interest, not exceeding 4%, payable semi-annually at
the office of the City Treasurer. Maturity, June 1, 1931.
Portage Township School District, Ottawa County, Ohio.
—Bond Offering.— Proposals will be received until 12 M.,
May 14, by W. H. Cleaver, Clerk Board of Education (P. O.
Port Clinton), for $6,000 5£ coupon school-house bonds.
Authority, Sections 3991 to 8993, Revised Statutes of Ohio.
Denomination, $1,000. Date, May 14, 1904. Interest semiannually at the office of the Clerk. Maturity, $1,000 yearly
house bonds of district not named. Denomination, $300.
Date, May 1, 1904. Interest annually on May 1 at the office
of the County Treasurer. Maturity, one bond yearly for ten
years. Bonds are tax exempt.
Certified check for $100 required.
Middlesex County, N. J.— Temporary Loan,.— On April 12
a $6,000 4% deficiency bond (temporary) was awarded to the
South River National Bank of New Brunswick at par. The
bond is dated April 12, 1904, and will mature Jan. 1, 1905.
Middletown, Ohio.— Bond Sale.— On April 15 $85,000 4%
water-works bonds were awarded to the Merchants' National
Bank
of
Middletown
for $35,506 50.
Denomination,
$1,000.
Date, Oct. 1, 1903. Interest, semi-annual. Maturity, $1,000
yearly on October 1 from 1906 to 1910, inclusive, and $2,000
yearly on October 1 from 1911 to 1925, inclusive.
Milnor (N. Dak.) School Dlstritt.— Bond Sale.—
are
advised that this district has authorized the Issuance of $7,000
4% school bonds, which will be taken by the State.
Milwaukee, Wis.— Bond Bids. The following bids were
received April 26 for the $60,000 4% 1-20 year (serial) school
bonds described in V. 78, p. 1513 :
Wis. Tr. & Sec. Co Milwauk.$63,016 00 Kountze Bros., New York.... $81, «98 60
E. H. Rollins & Sons Cnic... fli.wuoo 8easongood & Mayor. ('In
il,twi>0>
Merrill, Oldham & Co.. Host.. 61,91810 O'Connor & Kanler, N. Y
61,678 00
Blodget. Merrltt & Co. and
Domlnlck & Domlnlck. N. Y. 61,63 ) 00
Blake Bros. & Co. Boston.. 61,890 00 Denison, Prior & Co., CleveN. W. Halsey & Co., Chic ... 61.S84 00
land and Boston
61,642 76
N. W. Harris
Co., Chicago. 61.8H6 00 II. Lee Anstey, New York.... 60,854 00
Jackson & Curtis, Boston
61.80 u 00 Chas. H. Coffin, Chicago.. ... 60,60100
We
—
.
.
St,
W.J. Hayes & Sons. Cleve... 61.73100
On account of the absence of a quorum of the Commissioners of the Public Debt, the award of the above bonds was
postponed until May 3.
Minneota, Minn.— Bond Bids.— The following bids were
received on April 18 for the $6,000 5% village hail and lock-up
bonds awarded, as stated last week, to F. E. Magraw at a
premium of $35 and blank bonds
F. E. Magraw
»$0,03B G. M. Bechtel
Co., Dav'port.
.$6,010
:
St,
.
* 6.030 Thos. J. Bulger & Co., Chicago
Union Investment Co
U. M.Stoddard & Co.. Minne'ls..* 6,025 8. A. Kean, Chicago
Security Trust Co., St. Paul
6,011 Kane \ Co.. Minneapolis
Chas. II. Coffin, Chicago
*
And
blank bonds.
Mount Ternon
.
.
6,005
6,000
6,000
6,000
(N. Y.) School District.— Bond Sale.— On
April 23 the $35,000 4% school-loan bonds described in V. 78,
p. 1513, were awarded to N. W. Harris
Co., New York
City, at 103 883 and interest. Following are the bids
N. W. Harris & Co., New York. 108-883 Yonkers Savings Bank
101 80
E. Seymour &Co..New York.... 102-69
Fuller, Parsons & Snyder.Cleve.lOTOO
Kounlze Bros, New York.
102818 VV. J. Hayes ft Sons, Cleveland.100 81
Parson, Leach A Co., New York. 102-87
Kastchester Savings Bank
P«r
Minnesota.— Bond Sale.— We are advised that the State
Baard or Investment on April 5 purchased at par $800,000 8<
Capitol building certificates of indebtedness. D ite, $100,000
April 1, $100,0.10 May 1 and $100,000 Jane 1, 1934. Interest
&
:
I
|
I
|
;
on May 14 from 1906 to 1911, inclusive. Certified check for
$75, payable to the above-named Clerk of the Board of Education, required.
Portland, Me. Temporary Loan.— This city on April 28
awarded a temporary loan of $200,000 to Loring, Tolman &
Topper of Boston at 3 29£ discount and 50 cents premium.
Following are the bids
:
Discount.
Loring. Tolman A Tupper. Bost,.»8-29!t
3 2H%
Parkinson* Burr, Boston
Lee, Hlgglnson & Co., Boston... 332*
Diseount.
I
-
|
Geo. Mi.Tter, Boston
Farson, Leach St Co.. Boston
Kdgerlv * Crocker, Boston
Blake Bros. & Co., Boston
8-42*
S'48*
3-49*
3"60%
8-84%
Bond & Uoodwin, Boston
* Plus 60c. premium on the whole.
(Joint) (Mich.) School Dintrlct No. 2.— Bond Offering.—
Proposals will be received until 2 p. m., May 16, by W. H.
Lockerby, Clerk, for $8,000 5% bonds. Denomination, $1,000.
Interest annually on January 1 at the Q lincy State Bank.
Maturity, $1,000 yearly on January 1 from 1905 to 1912, inThe district has no debt at present. Assessed valuclusive.
ation over $1,000,000.
Rockwall County, Tex.— Bonds Registered.— The State
Comptroller on April 16 registered an issue of $1,999 4%
5-15- year (optional) bridge-repair bonds, dated Nov. 1, 1903.
Rome, N. Y.— Bond Sale.— This city on April 15 awarded
$32,809 85 4% paving bonds as follows
|
:
North Madison Street Improvement bonds to the Oneida County
Savings Bank for fi7.Mii i5.
11,022 43 4% West Thomas Street bonds to the Borne Savings Bank at parand
$17,800 25
4
%
Interest.
3,087 1? i* Turin Street Improvement
par ami Interest.
bonds to the
Rome
Savings Bank
Sag Harbor (Village), N. Y.— Bond Offering— Propoa lis
will be received until 7:30 P. M May 3, by the board of trus,
—
Apr.
—
—
1
.
THE CHRONICLE.
30, 1904.]
tees, at the office of Cornelius R. Sleight, Village Clerk, for
$24,000 coupon electric-light-plant bonds at not exceeding 4%
Denomination, $1,000. Date, Dec. 1, 1903. Interinterest.
Maest semi-annually at the Peconic Bank of Sag Harbor.
turity, $1,000 yearly on Dec. 1 from 1908 to 1931, inclusive.
Certified check for lOi of the bonds bids for required. The
village has no bonded debt at present. Assessed valuation,
$1,421,250.
Salisbury School District (P. O. Elk Lick), Pa.— Bonds
Voted.— This district on March 26, by a vote of 99 to 58, authorized the issuance of $13,000 school bonds.
Sandusky, Ohio.—Bond Offering.— Proposals will be received until 13 m., May 16, by Alex. M. Wagner, Citv AudDenomitor, for $10,000 4% refunding water-works bonds.
Date, April 15, 1904. Interest semi-annually
tion, $1,000.
at the office of the City Treasurer. Maturity, April 15, 1914.
Certified check for $1,000 required.
Sheridan Connty (P. O. Sheridan),
Wyo.— Bond Sale.—
On
1560
& Trust Co., New York City, and the said company
will certify as to the genuineness of the issue. Bonds are to
be registered at the office of the City Comptroller.
Tippecanoe County, Ind.— Bond Sale.- On April 15 the
three issues of 6# road and ditch bonds desoribed in V. 78, p.
1412, were awarded as follows :
Mortgage
$7,000 00 6< gravel-road bonds to E. M. Campbell & Co., Indianapolis, at 102-71.
3,911 23 0% Anson Ditch bonds to the Lafayette Savings Bank of Lafayette
at 101-82.
8,010 CO 8jt Reynolds Ditch bonds to the Lafayette Savings Bank of Lafayette
at 102-383.
Tipton County, Ind.— Bond Offering.— Proposals will be
received until 2 P. M., May 13, by T. W. Longfellow, County
Auditor, or by L. L. Cook, County Treasurer, for $3,000
gravel-road bonds. Deposit of $100 required.
Union County (P. O. Creston), Iowa.— Bond Offering.—
Proposals will be received until 13 m., May 2, by Geo. Brotuerton, County Auditor, for $35,000 coupon funding bonds.
Denomination, $1,000. Interest (rate to be named in bids)
will be payable semi-annually at the office of the County
Treasurer. Maturity, "after five years." Bonded debt at
present, $25,000; floating debt, $35,000. Assessed valuation
Apiil 16 the $45,000 5* 10- 20- year (optional) court house
bonds described in V. 78, p. 1132, were awarded to N. W.
Harris & Co., Chicago, at 104022 and interest.
1903, $4,473,741.
Springfield, Ohio.— Bond 8ale.— The Sinking Fund ComWater Yalley, Miss.— Bond Offering.— Proposals will be
missioners have purchased at par $1,348 74 6$ Ward Street
received until 13 M., June 6, by the Mayor and Aldermen, for
sewer bonds.
5% 30-year school bonds. Denomination, $5C0. CerBond Offering.— Proposals will be received until 8 P. M., $35,000
tified check for 5£ of bid required.
May 24, Dy Charles C. Bauer, Clerk of the City Council, for
Wealth wood, Aitkin County, Minn.— Bond Sale Post$6,000 4% city-building- repair bonds. Date, April 1, 1904.
are advised that, owing to the faot that the offerponed.
Denomination, $1,000. Interest semi-annually at office of
advertised a sufficient number of times, the
ing
had
not
been
City Treasurer. Maturity, March 1, 1914. Certified check
sale of $6,000 road and bridge bonds which was to have taken
for $1,000 required. Authority for issue, Sections 2835, 2836
place on April 33 was postponed.
and 2887, Revised Statutes of Ohio.
Welser (Idaho) Independent School District.— Bond
Springfield, Tenn. —Bond Sale.— The Board of Aldermen,
Election.—The trustees of this district have called an eleotion
Rudolph
Kleybolte
& April 80 to vote on the question of issuing $80,000 highit is stated, on April 20 awarded to
Co., Cincinnati, at par and interest, $35,000 electric-light and
school-building bonds.
water-works bonds.
Wester v I He, Ohio.— Bond Sale.— On April 13 the three
Yalley
(Tillage)
Joint
Spring Lake (Town) and Spring
issues of 5£ assessment bonds, aggrf gating $37,000 and deSchool Difctrict No. 1, Wis.— Bond Sate.— On April 15 the
soribed in V. 78, p. 1190, were awarded to the New First
$10,000 6jJ school-house bonds described in V. 78 p. 1133, were
Bank of Columbus at par.
awarded to J. H. Graslie of Spring Valley at 108*06. Bonds National
West
Point
(Neb.) School Distriet.— Bond Election.—The
are dated May 1, 1904.
School Board has called a special election to vote on the quesStamford, Conn. Bond Offering, Proposals will be re- tion of issuing $8,000 school-house-addition bonds.
ceived until 12 m May 6, by Wm. N. Travis, City Treasurer
special election has
Wildwood, Ji. J.— Bond Election.—
been called for May 10 to vote en the question of issuing $13,for $60,000 4% 20-year gold eewer bonds. Denomination $1 ,000.'
000 Atlantic-Avenue widening and boardwalk-construction
Date, May 1, 1904. Interest semi-annually on May 1 and
bonds.
November 1 at the office of the City Treasurer. Accrued inWoodlawn, Ala.— Bond Sale.—The $15,000 5% 30-year school
terest to be paid by purchaser. Certified check for 2% of the and the $10,000 5% 5-10 year (optional) street bonds offered
but not sold on February 15 have recently been placed.
face value of the bonds bid for required of bidders.
Wyandot Connty (P. O. Upper Sandusky), Ohio. Bond
TTie official notice of this bond offering will be found amor g
Offering.— Proposals will be received until 12 M., May 5, by
the advertisements elsewhere in this Department.
J. N. Traxler, County Auditor, for the following bonds
Stark Connty (P. O. Canton), Ohio.— Bond Sale.- On |7,500 5% road bonds. Denomination, |300. Maturity, $1,500 yearly on Jan. 1
from 1906 to 1909, inclusive.
April 20 the $60,000 6% bridge bonds described in V. 78.
1,800 5% road bonds. Denomination, I860. Maturity, 1360 yearly on Jan. I
1U05 to 1909, inclusive.
from
to
Spi'zsr
Toledo,
were
awarded
&
Co.,
105165
1411,
at
p.
11,500 6% road bonds
Denomination. $580. Maturity, $2,900 yearly on July 1
and interest. Bonds are dated April 21, 1904.
from 1905 to 19un, Inclusive.
*4,000
road
bonds.
Denomination,
5%
$200. Maturity, $800 yearly on Jan. 1
Bond Sale.— On April 20 $4,000 ditch bonds were awarded
from 1905 to 1909, inclusive.
to the Wayne County National Bank at 100 875. Denom* The offering for this Issue was also given on page 1517 of last week's Chronination, $1,000. Date, April 21, 1904. Interest, June and icle.
December.
Bonds are all dated Jan. 1, 1904. Interest semi-annually at
Superior, Wis.— Bond Ordinance.— An ordinance paseei the office of the County Treasurer. Cash or a certified check
the Common Council on April 7 authorizing the issuance of for $500 required with bids for each issue.
Tazoo, Miss. Bond Offering. Proposals, it is stated, will
$272, 0C0 ?>%t coupon refunding bonds to be exchanged for
$250,000 6# main-sewer bonds and defaulted interest thereon, be received until May 9 for $25,000 5% school- building bonds.
owned by the State of Wisconsin, Denomination, $1,000.
York (Pa.) School District.— Ir, creased Interest Bate AuSee V. 78, p. 1001.
thorized. The School Board has passed a resolution increasSyracuse, N. Y.— Bond Offering.— Proposals will be received ing the rate of interest on the $50,000 bonds offered but not
until 12 M., May 7, by E. J. Mack, City Comptroller, for $25,sold on April 14 from S}^% to 4%. Interest on the bonds as
000 4% 1-20 year (serial) Onondaga Creek improvement bonds. re-author zed will be payable June 1 and December 1 at the
Denomination, $1,350. Securities are dated May 1, 1904. In- City Bank of York, Maturity, $5,000 yearly, beginning in
terest will be payable semi-annually at the United States
1910.
— We
—
A
,
,
:
H
—
—
i
INDEX TO STATE AND CITY DEPARTMENT.
In the following index reference Is made by the page number to every Item regarding State, oity, town or county finances published In
the current volume of the Chronicle— that is, beginning with the issue of Jan. 2, 1904. Items in the current number are not included
in
the index.
Aberdeen, Miss
1234
da, Ind. Ter.. 298
83-«,
1886. 1458
Ada Ind. Sc. D.. Minn. 117, 35 <
Adams Co.. la
117
Adams Co.. Miss
242
Adams. Ore
298. 781, 1129
Adel. Ga
Aguilar, Colo
Akron, N. Y
Akron Sch. Dist
AkroD, Ohio
Akron
S. D.,
Albany, N.
Albany
838
68
N
,
117
Y....1510
58, 298, 781
26, 1129
.298, 7*1, 1001
0.68, 353.
Y
Co.. N.
Y
Albuquerque, N.
Mex
594. 781
1234
Albuquerque 3. D. N. Mex.l6iO
Alexandria, La
Alexandria. Ont
Allegheny, Pa
725. 1286
...298. 353
594, 1288
Allentown, Pa.58. 242. 836.
1001. 1286
Alliance, Neb
353, 836
Alliance O... .117. 298. 594. 836
.
Alma, KansHS
Altamont S. D. No.
242
50.. 111.
298, 1129
Alton, 111
Altoona. Pa
Altoena, Wis
Ambler. Pa.... 12i4,
Anadarko. Okla
1001
117. 836
Andover, Ohio
Ann Arbor, Mich
Anoka. Minn
298
1234
1610
117, 725
Ansonla. Conn
Antrim
Co..
Hb8
Mich
Apalaoblcola. Fla
Artata. Cal
Archbald. Pa
Arizona..
858,
Arizona. Okl
Asbury Park, N. J
Ashfville, N. C
Asbland Co., Ohlo...ll8«,
.
Ashland. Ore
Ashland Sch.
D
.
1129
1287
117
1001
1510
1287
¥42
14'J8
1243. 1510
Ore.. 353. 836
Ashland, Wis
.. 725
Ashtabula Sch D., Ohio. .1510
Atascosa Co., Tex
1129
Kan
Athens, Ga
Atchison.
Athens
353, 833
725, 1408
Co., Ohio. ...1186, 14W
Attalla. Ala
Attica. Ohio
725
781,1129
Auglaize Co., O.1002, 1287, 1510
11-6
Augusta. Ga
Augusta, Me
742
,.
Avoca.N.
Y
Avon-bytbe-Sea. N. J
Ay liner. Ont
12^4
781
1510
58
1403, 1468
10 U
Anaheim Scb. Dist., Cal...l287
Anderson, Ind
1468
Bakersfleld. Cal ...100P, 1408
aldwinsvilleSch. Dist.,
N. Y
1234
Baldwin Twp. Sch D., Pa. 298
836
Baldwyn. Miss
Balfour Sch. D., N. Dak... 1510
li 02
Ballard. Wash
Bal linger,
Tex
—
Ballstun Spa.. N. Y
Baltimore.Md.l 17, 242, 725,
781
58
1234, 1409, 1468
Banaor. Me
58, 694
Barberton, Ohio. 298, 781, 1188
iMO
Bardstowu, Ky
1234,145*
Barre. Vt
1234
Bartow. Fla
D..
Sch.
N.
Y.
.58, 1186
Batavia
1234
Baton Rouge La
Bay Clty.Mlch. 298,3:3^31. 1610
117
Bay Co.. Mich
117
Beallsville. Pa
1234
Beaver City, Utah
Beaver, Utah...';8l. 1129, 151"
58, 725
Beaver Kails, Pa
Bedford S. D. No. 13, N. Y. 781
1510
Bee Co, Tex
Bellalre. 0.117,836, 11S6, 1409
68
Bellefontaine. Ohio
123l
Belle Plaine. Minn
7ei
Bellevue. Ky
116
Bellingham, Wash
781
Belton, Tex.
BereBlord Sch. D., S. Dak. 1510
338,100a
Berkeley, Cal
726,1287
Berwick. Pa
Bessemer. Ala
836, US'*
.836, 1129
Beverly, Mass
Biddeford, Me.. 839, 1458, 1510
Big Springs Sch. D., Tex..
Bigstone Gap, Va
.
117
t94, 78
Binghamton, N. Y
117, 242
Birmingham, Ala.. ..1234, 1510
Bishopville
S. D. No. 1, 3.C.a8«6
Black River Falls, Wis .. 694
Blaine Twp Kan
..1001
Bloomneld, N. J.. 117, 298.
,
1234. 1409, 1610
Bloomfleld 8ch. D., Neb. ..1409
Bloooifleld S D.No.86.Neb.l002
Blooming
Prairie,
Bloomville. Ohio
Blue Rapids, Kan
Blafft' n, Ind
353
Dist.,
Brookville. Pa
Brown Co, Tex
Minn
..'234
Va. 1002
1002
838
K02
Brunner Ind. Schuol District.
Tex
7<6. 1284
Buffalo. N. Y..68. 117, 242,
353, 7l6, g36, 1129. 118",
Buncombe
1408
Co., N. C
Borbank Sch. Dist., Cal... 117
1186
Burk's Falls. Ont
Bunineton.N. J..117. 836. IblO
12S7, 1610
Kurlington, Vt
Burt Co.
S.
D.
No
...1409
298
117, 298
1004, 1510
1610
5-J
65, Neb.,
1002, 1234
Bushnell Sch.D
Butte Co.. S. Dak
.
1129
12-7
Bordentown, N. J
Borroughs Sch. D., S. C...a836
Boston, Mass
^37, 14 09
Bottineau Co., N. Dk.1186, 1458
Boulder, Col
1409
Bowling Green, Ohio. 726, )1«6
Bradley Beacb, N. J
t-30
10l><\
Bridgeport, Pa
Bndgeton, c. J
Bristol, R, 1
Hristol.Tenn
Britton, So. Dak
Brookland Scb.
Brookside. Ala
..
1287, 14 09
117, 242
594, 1129
7*6. 781
Bouita High Sch. D.. Cal
->ch. L).,
117
117
Ont
Bronson, Mich
Minn. ..
Bogue Chitto, Miss
242
Boliver, Mo
1286
Bonham Sch. Dist.. Tex... 781
Brainerd
Brockton, Mass
Brockvllle.
III.. 781,
Mich
Vahuenga Val. S.
Callahan ('o.. lex
Cladillac,
1129
694
1287
D., Cal. 1287
Cal borne Co.. Miss
1283
1511
raidwedCo.. Tex
12s7
Caledonia Sch. Dis.. Minn. 298
Caledonia ach. Dis., N, Y. 242
... 7i6
alera, Ala
Calexico Sch. Dist., Cal... 726
1610
Calhoun Co.. Mich
l <89
Calumet Two., Mo
H*
Mass
Cambridge.
'
•
-
1
THE CHRONICLE.
1570
[Vol. lxxvjii.
INDEX TO STATE AND CiTY DEPARTMENT-CONTINUED.
Camden. N. J
Camden. N. Y
Camden
Camden
Co..
117, 782, 1002
1W
N
J
942, 353
Sen. Dlst~, Ohio.
lli.9
.
Canandalgua. N. Y...Wi", 112**
CanandalKua S. D., N. Y.. 837
Caney, Can
Caney. Kan
Cannon
Canton.
Canton,
Canton,
Fall.,
Kan
837
140^
1610
Minn
llfl
Mo
O
117
1510
.118. 72". 1120.
.
Canyon Clt y S. D.,Tex.«6, 1409
24S
Capac.Mlch
Cape Glrardenu,Mo...721. 1001
Cape Ulrardeau 8. D Mo. 1511
Twp. Free
Cardlngton
,
Turnpike No.
1237, 1458
1...
Carlisle S>cn. Diet. No. 26,
Kr
58. 118
Carroll Co., Ind
Carrollton. <ia
Cascade
Co.,
1129
lOOvi,
MOW
Mont.
OassCo.N Dak
353
...118.837
Castile, N.Y.118, 10C2. "284,
1287. U58
Cattaraugus Co.,N.Y.U0P. 1511
H2-<
Cayuga, Ont
726, ll'<!9
Cedar Bluffs, Neb
75(6, 1129
Celina, Ohio
Central Falls K. I.... 1129,
D., Cal.. .1287. 1409
Chlco 8oh.
298
Champaign
Co., Ohio... 58,
288. 1287. 1458
Sch. Dlst., Tex. 782
Charming.
Chariton Twp.. Mo
Charles Co., Md
Charleston, Miss
Charlotte. N. V
Charlotte. N.
C
Chase City, Va
Chatham, Ont
Chazy.N. Y
Cheatham
Co.,
Tenn
Checotah, Ind. Ter.
Chehalls Co.. Wash
CherawSch
Dis.. S.
Cherlerol. Pa
Chesapeake City.
Chester Co., 6. C
353
1409
1511
10' 2
837,1002
78«
118
243
118
1409
1001
C
af-31
12h7
8«7
Md
o836
Chester Co. Sch. D. No.
1.
2*3, 5»4 726, :82
S.C
Chester, Pa... 118, 694. 726, 782
CheswickScb. D..Pa.ll8», 1287
Chicago, I11..29S, 726. 836, ]40H
Chicago Sanitary Dlst.. Ill 353
ChlcagOSo.Park.Ill
Chickasha. Ind. Ter
Chlcopee. Mass
H6
68
7*6
Minn.213.
S. D.,
Clarke Co Ga
Clark Co Va
Cuba
781
Cuero. Tex
1130
Cumberland. Md. ...837. 1002
Cumberland Co.. N. J. 353, 595
1186,1511
1287
.
.
Olarksville. Tenn
Clay Co., Ind
837, 1002
Darlington Co..
Clermont Co .Ohio... 118, 5H4
1002, 1130, 1409
D»yton, Ore
Deadwood
Decatur.
D„Tex. 243
Denver. Col
De« Moines,
I
i
'
Comal
Commerce. Tex
Concord. N.
H
..
7a2
1002
29tf,
,
NEW
Co.,
Tex
i
Ga
782,1234
[
,
Wash
,
782
118, 7S2
Dover, Ohio
lOOi. 1187
Dryden, N. Y
Duluth, Minn.243.353,782,
1234. 1458
Duncan S. D. No. 76, S. C a831
Dundalk, Ont
299
Duquesne Sch. Dlst., Pa.. 1130
Ourant. Ind. Ter
118. 299
East Grand
Forks, Minn..
1001
!
Eastham pton, Mass.
East Lake, Ala
299
KdnaSch. Dlst..Tex.ll30, 1469
1511
Edwards, Miss
1 18
EdwarDsvllle, 111
Elberton, <ia....78U, 1008, 14F.9
Klin Sch. Dlst.. Cal
69
Ellensburg, Wash
837
10u2
Kllenvllle, N. Y
118
Ellicott Cltv. Md
1409,1611
Ellsworth. Minn.
Elmlra Heights Sch. Dist.,
1409
N. Y
Elmwood Place, Ohio. 837, 123S
782,1002
Elsberry. Mo
Elyria, Ohio
118, ',82, 113j
Elyria Sch. Dlst., Ohio ...14 ->w
[
I
loll
'
1612
243,1002
Galveston Co., Tex.. 1286, 1410
Gardner. Mass
1612
Gardiner Water District.
Gardiner, Me
69
Garfield, N.J
59, 2«3
Garrett Co., Md
1410
Geary, Okla. Ter
1459
Genesee Co.. Md
1410
Geneva. N. Y
1410.1459
Georgetown, S. C..li8. 299, 782
Germantown, Ohio
118
Gibson Co.. Ind.. 695, 1003, 1235
Gladstone Mich
1286
Glasgow City, Mo
1001
Glassport 8ch Dist., Pa... 1180
Glen Ullln. N. Dak. 1235, 1612
Glenvllle,
1*10
Eoglinhtown. N. J
Enid. Okla
Ensley, Ala
1288
Glenwood, Iowa
15U
Gloucester, Maes. 354, 595,
1235.
695
1180
Enterprise. Minn
1289
Erie Sch. Dlst., Pa.
Essex Co., Mass
726
Essex Co., N. J
1235.1459
1285
Essexvllle, Mich
Evanston, Wyo
243
Evansvilie Sch. Dlst.. 111.. 118
Fairfield Sch. Dlst., Wash..
1409
118
Falrview, Mich
Falls Co.. Tex
12*6
Fall River, Mass. 243, 854, 1409
837
FavetteCo.. Iowa
Fergus Falls Scb. Dlst.,
Minn
^^
1<S36,
Fifth La. Levee Dlst
118
Flndlay, Ohio.... 837. 1187,
1410,1469.1511
Fisher Co., Tex.
1002
PMshkill Landing, N. Y
116
Flandreau. S. Dak. .1450. 1511
Flint, Mich
299. 595. 782
Fioresville, Tex
1469
Flushing Special 8. D., O..1410
Fort Gaines, (ia
..354
Kostoria.Onto
595. lln»
Fowler Twp Sch. Dlst.. 0.1511
Frankfort Twp., Kansas..
1236, 1511
Franklin Co.,
Ky
1408
837
118,
GlenoldeM,Pa.ll8,354,887,
.354, 151
18.-5,
j
Gadsden, Ala
alia Co., Ohio
Galveston, Tex
Emmett Townshlo. Kan ..1235
:
837
Donglas Co. School Dlst.
No. 27, Ariz
118,1511
Douglas Co Kan
59. 145*
Douglas Co.. Neb. ...1234 1510
Douglas Co. 8c. D. No. 6,
118. 595, 837
Corinth, Miss. 243,853, 1287,1511
1234
Corona Sch. Dlst.. Cal
Corry, Pa
243
Cornnna, Mich... 299. 837,
1130, 1834
Corydon Sch. Dis., Iowa... 1002
Cottonwood Co.. Mlnn.243. 726
Cottonwood Falls., Kan... 299
837
Covington, Ky
Crafton.Pa
353
Crookston, Minn..ll8. 299, 1002
Detroit Scb. Dist., Tex.... 837
De Witt Co.. Tex
726
Dickson, Tenn
116
Dillon Sch. D. No. 8, S. C..aX3i
Douglas.
243,
1*87, 1458
Conroe ind. Sch. D., Tex. .1234
Cook Co.. Ill
695
Copish Co Miss
1187
595
Cordell Okla
116,1002,1408
Dolgeville, N.Y..118, 243, 1611
Columbus, Ohio... 118.
it,
,
West Des
Moines Scb. Dis., Iowa.lOn
59
Des oat oh. N. Y
Detroit, Mich
.1409,1511
Dimmit
Sch. Dlst.. Ind.. 1511
11«7. 12
Oe., Tex
1458
1x34
353
299, 837
Mass
7V6,
782. 1130, H87, 1234. 1511
Delaware S. D., O 299, 726, 11 30
Delta Co., Colo
243
Ohio
78i5,
782,1187
1409
Dak
Deer Park. X. Y
Defiance, Ohio
Delaware, Ohio.. 243,
1186. 1409
Mo... 782. lo02, 1186
Columbus
8.
Ill
Deertleld,
Collinwood,Ohlo.2«8,1234,
Columbia.
Columbia. Tenn
1611
Columbus, Ga
243, 837
Columbus Grove, O.. 1234. 1458
Columbus, Ind
1002
11m
... .a836
C
725
1187,1400
Sch. Dist., Minn. 837
Dawson
1002. 1987, 1511
Co.,
8.
1130
1180
1409
Ector Co.. Ter
Edge wood. Ga
Dayton, Ohlo.118, 096, 726,
.
Columbiana
Echo Sch. Dlst.. Ore.
Ecorse, Mich
837
Dauphin Co.. Pa
Dawson, Ga
Cleveland, 0.5W6, 782, 1002,
1129. 1'86. 1287, 1409, 1511
Cleveland Twp., Kan.
1234, 1511
118
Clinton, Mass
782
Clinton. Miss
782
Coatesvllle, Pa.
Cceard'Alene 8. D .Idaho. 1511
Cohoes.N.Y
24U.1234
..837.1511
Coldwater, Mich
College 8. D., *o. 20, S. C.a836
aSStf
Colleton Co., S.C
Cotliogswood, N. J. ...837,
12i7. 1511
1002. 1458, 1511
1511
1234, 1611
Dallas Co., Tex.
Dansville, N. Y
14':8
Colllnsvllle Ind. 8.
'81, 128V. 1458
Eaton Rapids, Mich... 118,
Cuyahoga Co.. Ohio
1458
Cuyahoga Falle, Ohio. 243, liaO
Dallas Co .Iowa
alias. Tex
Franklin Co.. O.1130, 1459, 1511
Fredericksburg, Va
1235
Fremont, 0.118, 1180, 1410, 1512
Fnlton. Mo
1130
Bast Liverpool,
354, 782
Easton, Pa
299
East Orange, N. J.. 69, 243,
837. 1002
Chinook. Mont
lied, 1409
Centralia 8ch. Dlst., Pa..
Crookston
213. 782, 837
782. 1287
Chippewa Co., Mich.. 118.
208. 353, 1002
Cincinnati. O.. 118. 242,243.
X93, 353,5 -»4, 726,782, 1002,
112W, 1186. 1284, 1287,
1409, 146-i. 1510, 15U
1287
Claiborne Co., Miss
Chilllcothe.
Y
Gloversville, N.
12t-8
59,
854
1003, 1288
354, 782
Gordon. P*
140*
Grand Forks Co.. N. Dak 726
Grand Forks Scb. Disk, N.
.
Dak
1612
Gratid Island, Neb
118
Grand Rapids, Mich ..118,
299, 354, 837, 1235
Grant Co.. Ind
695
Grant's Pass, Ore
1187
Grant's Pass Scb. D., Ore 837
Grant Twp., Kan
1130
Great Valley. N. Y
782
Green Bay, Wis
1187
i-reenburgb. N. Y.
1235
Green Co.. Ky
1284
1408
Green Co., Mo
Greenfield, Ohio.. 299. 726, 782
GreenoortS.Dj>Jo.l6.N.Y. 118
Greensboro, N. C
595, 1512
Greenville, III
782
Greenville. N. C
723,1003
Greenville, Ohio..243, 837, 1288
GreeDvilleCo., S. C ...
aS96
Greenville 8c. D., Pa. 1008,
12-8, 1459
GreersS.D. No. 9, S. C....0H86
243
Grossdale, III
Gulfport, Miss... 118. 837.
1003. 1288
Guthrie. Okla
1288
INVESTMENTS.
LOANS.
NEW YORK CITY
3&% GOLD
$37,000,000
TAX-EXEMPT BONDS.
NEW YORK CITY ?>%%
TAX EXEMPT GOLD BONDS
To be
May
sold Tuesday,
as follows
T.W. STEPHENS
2 Wall Street,
New
& CO.,
York.
3d, 1904,
PARSON. LEACH &
:
00..
$32,000,000 Corporate Stock Payable in 50 years.
$5,000,000 Refunding Assessment Bonds Payable in 10 years.
OFFERED DIRECT TO INVESTORS.
OHICAGO.
investment for Trust Funds and exempt
from taxation except for State purposes, and will be issued in coupon
or registered form.
Chapter 274 of the Laws of 1904, which applies to the sale of
Bonds of the City of New York, provides that "all or none" bids cannot be considered by the Comptroller unless the bidder offering to purchase "all or none" of the Bonds offered for sale shall also offer to purchase "all or any part" thereof.
Send bids in a sealed envelope, enclosed in an addressed envelope.
These
securities are a legal
A DEPOSIT OF
TWO
For further information see "City Record," published
Hall, New York.
Consult any Bank or Trust Company, or address
EDWARD
Comptroller City of
M.
New York
f
at
BOSTON.
MUNICIPAL
AMD
Public
Service
Corporation
BONDS.
E.H.ROLLINS & SONS,
BOSTON.
2 City
Denver.
Chicago.
San Francisco.
INVESTMENT BONDS.
GROUT,
280 Broadway,
MEW YORK.
PHILADELPHIA.
PER CENT. OF THE PAR VALUE OF
BID FOR MUST ACCOMPANY BIDS. Such deposit must
money or certified check upon a solvent Banking Corporation.
BONDS
be in
Public Securities,
New
York,
8END FOR
LI8T.
OENISON, PRIOR it OO.
CLEVELAND.
BQ8TON.
Apr.
THE CHRONICLE.
30, 1904.]
1571
INDEX TO STATE AND CITY DEPARTMENT.-Continued.
1235
Huntsville, Ala
Huntsvllle. Mo.1235, 1410, 1612
Hyattsville. Md.838. 1236,
1288, 1512
.1180, 1612
atierniiiu Sch. Dist. No.
Haddonfleld, N. J
6,
N.M
HagerBtown, Md
Hamilton, Mo
Hamilton. O
243
1130
1518
Idaho
248, 837,
1130,1187,1410, 1512
243, 1187
Hamilton Co., O
Hamilton Seb. D.. 0...354, 1003
248
Hancock. Mich
Hancock Sch. Dig., N. Y...1003
783
Falls.
Minn.
.299,
Hanley
Hannibal, Mo.118. 243, 299, 1512
Hannibal Sch. Dts., Mo... 1003
Hardin Co., Tex
354
Harmony Twp. Sch. Dist.,
Pa
1235. 1459
1008
Harrisburg. Pa...
Harriston, Ont
1235, 1410
Harrison Twp., Ind... 840. 1935
Hartwlck Sch. Dist.. Iowa. 118
Hatttesburg. Miss
1512
Haverhill, Mass
1003
1410
Havre de Grace, Md
Havre, Mont
118. 837, 1410
Hawkinsville, Ga
243
Hays Co., Ter
...355 1410
Healdsburg S. D., Cal.H37, 1187
Helena, Ark
887, 1003
.
Helena, Mont
Henderson, N. C
Hennessey, Okla
Henry
Co.,
783, 1288
1236
Mo
.1286
Hollywood High Sch.
Cal
Holywood Sch.
Tackson
Co.. Ind.119, 299, 1003
Jackson, Miss
Jasper Co., Ind
Jasper Co., Tex
*t
Wis
Jefferson.
888,1469
638.1130
338
H38
113"
Co., Ala
Co.. Ohio... 596. 1003
119
Co., N. Y
2*3
Co., Ter
Jersey City, N. J. 354. 783.
Jefferson
Jefferson
Jefferson
Jefferson
1130,1187 128S
695
1512
Johnson City. Tenn
Johnstown, N. Y
Johnstown. Ohio
1236
Jonesville Son. D.. S. C ...o«36
100<
Jopiln, Mo
Joplln Sch. Dist.. Mo
1512
Josephine Co. Sch. Dist.
119,12=8
No. 7, Ore
Juniata. Pa
726, 12-8
Kalamazoo, Mich
ansas
Kansas
1459
59,
City.
Dist.. Cal. 123s
N.Y.10H0, 1236
118, 7ae
Hoosicfc. N. Y
1512
Hope Sch. Dist., N. Dak.. 1512
Houston. Tex
1235
Houston Heights. Tex
299
Houston Heights Sch.
Dist., Tex
1459
Hudson Co.. N. J
354, 783
Huntingdon, Tenn
68
Huntington. N.Y
1410
Huntington Sc. D.. W. Va. 243
Tp., Ind. 837, 1288
U7
Mo.. 119, 364, 725
726
Kendallvllle School Dist.,
Ind
Kenosha, Wis
Kensington, Md
1285
1003, 1410
1235
Kentucky
864. 726. 1186
Kern, CaL.
119, 1003
Kershaw Co ,S. C
a836
Kershaw S. D. No. 40, S.C.a836
Keyser W. Va
843
Kingfisher, Okla
119
1512
Kingman, Kan
Kingston, N.Y
1459, 1612
Kinston. N.C
1187
Klickitat Co. School Dist.
No. 19, Wash
783
Knox Co., Tenn
783
Laa Crosse,
119. 1512
WIs.595. 783.
Levee
Ijafourche
Little Falls, N.
Little Rock, Ark
354.726.788, 1187
8ch. D., Ohio .1512
Lancaster, Ohio
5h 119
Lancaster Co.. S.C..a838. 838
Lancaster S. D., Pa
.... 1187
Landrum S. D. No 45,S.C.o8:i6
Langlade Co.. Wis ...244, 1003
l/anslowne. Pa
299
La Porte Co., Ind
244. 596
La Salle, III
29»
Las Vegas, New Mexico. 2V7
Latonla, Ky
354
Latonia Sch. I)., Ky..v4l0. 14i9
Lauderdale Co.. Mist. 244 299
Laurel, Del
...888,1187
Laurel, Miss. ...1003, 1187. 128*
Lawrence, Mich
119, 299
15i2
Lawrence Co., Ind
Lawton Okla
.119, 244, 839
Leaven wortn, Kan
838
Lee and Whiteside Cos.
Union Drain. D. No. 1,111. 595
Lakewood
.
1186, 1612
a836
Lemonweir River Drain.
Dist, Wis
299
Lennox, So. Dak
244
Le Sueur Center School
Dist. No. 91. Minn
244
Leverne. Mine
1618
Lewlsburg, Ohio
Lewis Co. Sch.
299
1)..
Pa
Dist.,
Lake Burgne Basin Levee
Dist.. La
242
Lake Charles, La
119,1003
Lake Oo.. Minn
1288
Lake Crystal, Minn.. 1003. 1836
Lake Park Sch. D., I*. 783, 838
Lakewood, Ohio.. .119, 299,
Wash.. 1512
Lewlston, Idaho
119
Lewistown, Pa
Lexington, Miss
244. 1*1"
783
1410
1008
Lima Sch. Dist., 0....1288, 145w
Limestone Co.. Ala... 838. UaO
Lincoln. Neb
117, 354,
726. 838, 1003. 1410, 1512
Lincoln Co.. Mo
1001
Lincoln Co. Sch. Dist. No.
123, Wash
1512
Lexington, Neb
Liberty Co., Ga
838. 1235
....
1130.1459
244, 838
Litchfield. Ill
Litltz.
11B
100H, 1235
Lee Co., Miss
Lee Co..S. C
Lincolnton. N. C
Lincoln Twp.. Kan. ..1235, 1512
Linda Vista Irrig. D.. Cal. 781
1410
Lindsay. Ont
1187, 1512
117,
La Grande, Ore
NEW
BOND CALLS.
BOND CALL.
838
119, 354
Mo
Belle,
La,
1288, 1410, 1512
Indianapolis 8chool Dist.,
Ind
243.299,783. 888
lb la
Indlanola, Miss
Iowa
1408,1468
Iowa City, l.iwa
838
Ipswich, Mass
119, 248
Iron River Sch. D., Mich.
299, 838, 1003
1612
Ironton, Ohio
Keewatin. Ont
Dis..
783,1236,1288
1288
Honeoye Falls,
Hood Co., Tex
Huntington
Cal
Indianapolis, Ind. 854, 783,
S. D..
354,1285
Hickory, N. C....837, 1235, 1612
Hicksville, Ohio
837
Higginsvllle. Mo
299
Highland Park, Mich. 837, 1187
High Point. N. C
1512
Hillsborough Co.. Kla
837
HlllsboroS. D., III. 1187. 161 •£
Hilmar Sch. D.,Cal
59, 364
Hoboken.N. J
89, 243
Holdrege. Neb
...783, 113u
Holyoke. Minn
mperial
•
725
726
Koochiching. Minn
Krosohel, Minn
Y
1130, 128^
836
Lockland. Ohio
1003,1180
Lockport, N. Y
1187, 1288
123s. 1410
Logan, Utah
Logan Co., Ohio
783.11*7
Long Beach, Cal.. 1 19, 787, 783
Long Beach Sch. D.. Cal.. 1003
Lorain. Ohio
119.244, 838
Lorain Sch. Dist.. O....Uw, B95
Los Angeles. Cal. .119, 727.
1003, 1235, 1459. 1512
Lott Ind. Sch. Dist., Tex. .1187
Loulsburg, N. C
299, 1130
244
Louisville, Ga
Louisville, Ky
119.783. 838
Lowell Spec.S. D.. 0.118?, 1512
Lowndes Co., Ga.
10J3
Lucas Co.. Ohio.. 299. 763,
1187. 1410
Ludlngton, Mich
244, 1410
Lugonta Sch. Dist Cal.,
783, 1836, 1512
,
Luzerne Co., Pa
Lynn. Mass
119. 788.
1410
1003
Tex
1613
IvlcHenrv, Miss... 59, 354, 685
Mabank
Sch. Dist.,
Macon, Ga.
.
Tex
727
Meigs Co.. Ohio
Memphis, Tenn
1410
119
Madison Co., Ohio
Madison Co., Tenn... 1288, 1410
Madison Twp., Ind
1187
1288
Midisonvllle. Ohio
1288,1613
1513
1410
Manchester. Ohio.244. 783, 1518
Manllus Sch. Dist.. N. Y...1130
Maricopa Co.Sch.D., Ariz.lOiw
Marion, Ohio. 119, 727,838, 1288
838, 1003
Marion Co.. Ind
Magnolia, Miss
Ohio
Maideni Rock. Wis
Marion
Co..
Co.,
696, 783
1288,
1410, 1459, 1513
Mo
Memphis
Memphis
Citv.
looi
Ind. S. D., Tex.. 800
Mercer Co., N. J .... 838,1288
Meridian School District
No. 33, Ida.
783,1003
Menden Conn
Mesa, Ariz
Mexia, 8ch.
Miami
Co.,
1288
dl236, 1618
Tex
1513
Dist.,
Ohio
Tenn
1003,
..
1187 1288
Marlborough, Mass.... 783, 838
299
Marquette C j., Mich
MarsnaU Co., Minn
Maryland
.
244
1408. 1513
M assach u setts.244,299, 595.
725. Ur«, 1234, 1410, 1458
1469
Massena, N. Y
Massil Ion. Ohio 1288. 1459, 1513
Matagords Co., Tex.. 838. 11SO
Ind
Middlesex
Mlddleton,
Co..
Md
783, 10(13
Va
Miles City, Mont
Mlllbrook, Ont
Mill Creek Twp.. Kan
Mllllngton, Mich
Milton. Ore
Milwaukee, Wis... 300, 888,
1236, 1288, 1518
Minersvllle Sch. D., Pa.... 838
Minn
119,
354. 727
Minneota. Minn
1239. 1513
Minnesota... 119, 242, 781,
1003, 1513
Minot Sch.
Dls., N. Dak... 596
Mississippi.. 836,1187 1234, 1236
Mississippi
Levee
Notice Is hereby given by the undersigned. Treasurer of the Territory of New Mexico, that he is now
prepared to take up and pay off the issue of bonds
authorized by Chapter 61, Session Laws of 1893,
compiled as Section 397, Compiled Laws of 1897, to
the amount of $i 01,800, together with accrued Interest on the same. Such issue being dated May 1st,
1893, and payable at the National Bank of Commerce
In New Fork City, and being payable by the Territory at any time after ten years from the date of
their issue, said period of ten years having now expired, and the Territory now desiring to exercise its
right under said Act and the terms of said bond,
and notice is further given that interest on said
bonds will cease and determine on and after the 1st
day of May,
1904.
J.
H.
Treasurer of the Territory of
VAUGHN,
New
Mexico.
CALL.
DOU&LAS COUNTY, NEB.
NOTICE TO HOLDERS OF DOUGLAS
COUNTY, NEBRASKA, FiVK PER
CENT BONDS IN THE SUM OPS33,000
DATED JULY
1ST, 1891.
hereby given to the holders of the remaining J33.000 yet outstanding Five Per Cent
Funding Bonds of Douglas County. Nebraska, dated
July 1st, 1891, to present the same for payment at
Kountze Bros., Bankers, the Nebraska State Fiscal
Agency, on or before MAY 1ST, 1904, as interest
will cease on said bonds on and after that date.
Bonds called under this order are numbers 46, 47,
Is
48, 49, 50, 80, 81, 82. 83. 84. 85. 88. 87, 88. fc-9. 90. 91. 92.
93. 94, 96. 98, 97, 98, 99, 105, 106, 107, 108, 109, 166, 167,
158.
By order of the Board of County Commissioners
of Douglas County and by authority of Chapter 18,
Article 1. of the compiled statutes of the State of
Nebraska, under which said bonds were issued.
:•"
R. O'KEEFFE, Chairman.
:
:
SEAL.
:
:
:
John
C.
Board County Commissioners.
Urexel County Clerk.
BOND
Police Station Bonds.
Sealed Proposals will be received by the Committee on Finance of the Board of Alderman, up to
2 o'clock P. M. on Monday,
2d, 1904, for all or
MAY
any part of 135,000 Four Per Cent Renewal Bonds
of the City of Paterson, N. J., said bonds to be of
the denomination of $1,000 each, dated April 1st,
1904, and to mature April 1st, 1924, with coupons
payable each October and April until principal shall
be due.
Sealed Proposals will also be received by the
Committee on Finance of the Board of Alderman,
up to 2 o'clock P. M. on Monday, MAY 2a, 1904, for
all or any part of #40,000 Four Per Cent Police
Station Bonds of the city of Paterson, N. J., said
bonds to be of the denomination of $l,c00 each,
dated April 1st, 1904, and to mature April 1st, 1924,
with coupons payable each October and April until
principal shall be due.
All proposals to be accompanied by a check, payable to the order of the City Treasurer of Pa'erson.
N. J., for Five Per Cent of the amount bid. duly
certified by a National or Incorporated State Bank,
accrued interest to be paid by the purchaser.
These bonds will be deliverable at the office of the
City Treasurer, Paterson, N J.
The Committee reserves the right to reject any or
GEORGE H. DREW. Chairman.
GEOHGE H. DRUW, Chairman.
all bids.
BOND
Notice
$40,000
Address Proposals to
.
LOANS.
The undersigned
will
receive sealed
MAY
until 12 o'clook noon FRIDAY,
$6".00O twenty-year Sewer (Sinking
These bonds
6.
proposals
1904. for
care
DEALERS IX
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
NASSAU STREET, NEW
Interest Paid on Daily and
Perry, Coffin
Treasurer.
Time
&
YORK.
Deposits.
Burr,
INVESTMENT BONDS
60 State
Street,
t
MacDonalcL,
cease to bear interest at that date.
W. H. Richardson. Treasurer.
Rudolph Kleybolte&Co.
RANKERS,
McCoy
<fe
Go.,
BOSTON.
Blodg<;et, Merritt
Bonds.
Office of the County Treasurer.
County Court House, New Haven, Conn.
All outstanding bonds of the County of New
Haven, Conn., will be redeemed NOVEMBER 1,
1004, on presentation at this o-iice or at the Union
Union Trust Co., New Haven. Said bonds will
MAYOR and TREASURER,
Fund) Bonds.
be issued in denominations of
f 1.000 each, dated Mav 1. 1901, bearing interest at
i he rate of four per cent per annum.
Payable semiannually In May and November. Principal and interest payable in gold at Office of City Treasurer
Bids must provide tor the payment of accrued interest from date of bonds to date of delivery.
A certified check for wo per cent of the faoe value
of bonds bid for must be deposited by bidders.
The right is reserved to reject any and all bids.
WM. N. TRAVIS.
City Treasurer.
Office, City Hall. 218 Atlantic Street.
MUNICIPAL
AND
BONDS.
Z7X
La
Salle Street, cnicago.
&
Co.,
BANKERS
CORPORATION
2
HIRAM JACOBS, County
Address
will
CALL.
New Haven County
Hyattsville.
All bids must be accompanied by a certified check
for $300.00, and the right is reserved to reject any
or all bids.
1
City of Stamford, Conn.
SEWER BONDS.
Md.,
Sealed bids will be received by the Mayor an
Treasurer of Hyattsville, Maryland, up to 12 M.
MAY 11. 1904, for the purchase of bonds of said
town to the amount of $30,00o.00 for the construction of a system of sanitary sewers.
These bonds will bear interest at the rate of 5 per
cent per annum, and will be parable thirty (30)
years from date thereof.
Payment of principal and interest is secured by a
special sewer tax, as authorized by Chap. 126. Laws
of 1904, duly ratified by a vote of the citizens of
City Treasurer's Office, Paterson, N. J.
#eo,ooo
Miss.
1)..
038, 1130, 1513
Missouri
244
Mobile, Ala. 35*. 354. 783.
1288, 12 a 8
Modesto Irrtg. Dist.. Cal. 300
Mohican Twp., Ohio.
...1286
MojaveSch. D.. Cal. ...596, 783
Monongahela, Pa
338
Monroe, La
838
Monroe Co., N. Y
838
Monrovia, Cal
838
Monson, Miss
1411
Montgomery, Ala
1236
Montgomery Co., N. Y
300
Montpelier. Ohio
1288
Montreal. Que
1459,1513
Montrose, Pa
838
Montrose Co.. Cot
244
Montrose Co. S. D.No.l.Col. 244
Mooers. N. Y
300
Moorhead. Minn
244
S30,000
CITY OF PATERSON, N. J.,
4 PER CENT BONDS.
Town of Hyattsville,
Territory of New Mexico.
TERRITORY OF NEW MEXICO, OFFICE
$35,000 Renewal Bonds.
SEWER BONDS.
OF THE TREASURER. APRIL. 8TH,
1904. CAM, FOR THE REDEMPTION
OF CASUAL. DEFICIT BOND- OK THE
TERRITORY OF NEW MEXICO.
To whom it may concern:
1285
1130
58
1003
1187
1187
8H8
727
Middletown. Conn
NEW
LOANS.
888
591,
Mlarnisburg, O.. 1130, 1111, 1459
Michigan City Sch. Dist,,
.364, 787. 1003,
113'J,
Mahoning
838, 1003
.
Minneapolis,
l/TcGregor,
Y
Matteawan, N.
Mauch Chunk Sch. D Pa,
1130, 1235
May field, Cal
ii87
May wood, N.J
80<j, 698
16
Congress Street, Boston.
36
NASSAU STREET, NEW YORK.
STATE. CITY & RAILROAD BONDS.
H1
1
.
6
1
THE CHRONICLE.
1572
[Vol. lxxviu.
INDEX TO STATE AND CITY DEPARTMENT.-Continued.
New Iberia South Drain.
784, 1004
Dist., La
12-8
New Jersey
1188
New London. Wig
1?10
New Mexico
725
New Orleans, La.
New Philadelphia. O.lfOl, 1236
Moorhead Scb. D., Minn.. 1411
838
Mcrgan City, La
Uw
Morgan C"., Ind
2*4
Mornlngton. Out
Muiley
Co..
Texas
1*11
244
120
1513
1001
Moultrie, (ia
Moultrie Co.,
Ill
Mound, Minn
Newport, H. 1.2*4.596.727,
784, UHM, 1236 1*11. 1513
1004
Newport Newg. Va...
Newport Sch. D.. Ky. 854.
Mound City, Mo
14U
Mount Alry.N.C
Mount Clements, Mich.... 1226
Mount Holly. N. J 1004.
1001.
U 31, 1289
1411
New Prague, Minn
... .123(1
113J. 1»S«
60
1459 New Rochelle, N. Y
Mount Joy. Pa
727
1288
n.Ia
Newt
Mount Olive. Miss... 1187,
Mount Oliver. Pa.244. 1131,1411 Now York City, N. Y..l«0,
1513
242, 244, 30J. 727, 1001,
Mount Pleasant. Mich
1004. 1189, 1234, 1236,
838
Mount Pleasant. Tex
1411. 1468, 1513
Mount Union. Pa .. ..727, 83-4
..
New York
Mt. Vernon N. Y..120, 24*,
Mount Vernon S.
354. 1888
D.. N. Y.
Mu'len
2,
1SJS6,
D. No.
S.
Multnomah
3
St->te.
.
Park Co., Mont
Park Co. High i^ch.
1289, 1514
1001. 1286
Murray City, Ohio.... 783, ll»7
Muskegon. Mich.. 120. 244, 83-
1U8
784
Northampton, Mass
80
North Bergen S. D., N. J
591
North Carolina
North Hempstead School
. .
Nacogdoches
Ind. S. D..
Tex
244, 1411
1411
Napa. Cal
Napoleon. Ohio. 783. 1004. 1613
783
Nashua. N. U
Nashville,
NasDvllle.
Ga
Tenn
N. Y..120,
1236, 1289, 1411
1514
853.
1131. 1459
Oakdale. Neb
Oakland Sch.
Ocilla,
Newbury.Ont
Perry Co.,
Perth Amboy.
Ohio
Ohio
1411.1514
1311
355
o836
781,1001
Co., S. C.
Co.,
W. Va
Oklahoma
Okla
Okmulgee, Ind. Ter
Oliver Co.. No. Dak
Co..
. .
1005. 123K.
1*60.
Pickens
ltll.
No
1131, 1514
.1460,1614
Y..118H,
Onondaga Co., N.
12i6, 1460, 1514
Orange, N. J
1131
Orange, Tex
1289
Orangeburg S.C.No.26,S.C.a^36
D.
Co.,
THE AMERICAN TEUST
& SAVINGS BANK,
Chicago,
Offers
Railroad,
Municipal and Cor-
31, S.
Ohio
Redwood
Renfrew,
yielding investors 4g to 5%%.
Printed
lists
Investors.
LONDON CORRESPONDENTS:
WHITE
G.
32a
Limited,
Cannon St.
CO.,
6c
Colleire Hill,
Sabine
Tex
Co.,
728,
1U-8, 1161
839, 1132, 1287, 1161, 1614
Saginaw East Side School
Dint., Mich
61
St. Albans, Vt.... 216, 355. 1514
St. Bernard, Ohio. ...839,1408
1237
St. Clair Twp.,
St. Clair Twp., Ohio.. ..784.
Kan
83W, 1411
St.
Croix Co.,
Wis
St Joseph, Mich
St.
St.
St.
Joseph, Mo.
Joseph
Joseph
240
301
298,1237
"1
Co., Ind
D., Mo. 1005.
S.
114
596
St Maries, Idaho
Marys, Ohio... 728,, 839,
1132. 12?8
1*38
St. Mary's, Ont
784, 1006
St. Paul. Minn
Salamanca S. D., N. Y....
1514
1458
St.
Salem. Mass
Salem, Onlo
Salem. Ore.
1006. 1230
784,1006
839.1132,1411
839, li 32, 1290
Mil
Sal isbury Md
Salt Lake City, Utah.. 784,
,
839, 1006
181. 784
San Aneelo, Tex
San Antonio. Tex ...1132, 1188
San Diego, Cal.. 7>4, 1006. 1238
Sand Poiut School Dist.
301
No. 3, Idaho
1*11
Sanduskv, Ohio
61
Sandusky Co., Ohio
121,
San Francisco, Cal
1003, 11.-8
836.
U 14
MISCELLANEOUS.
1904.
The United
States Life
THE CITY OF NEW YORK.
IN
John
Munn, M.D.,
P.
President.
Finance Committee:
Leather
JAMES R. PLUM
CLARENCE H. KELSEY.Pr. Tit. Guar. &Tr.Oo.
WILLIAM H. PORTER, Pres. Chem. Nat. Bank
Active and successful Agents who desire to
make DIRECT CONTRACTS with this wellestablished and progressive Company, thereby
securing for themselves not only an immediate
return For their work, but also an Increasing
commensurate with their
are Invited to communicate with
RICHARD E. COCHRAN, 3d Vice-President,
at the Company's Office, 277 Broadway, New
fcnnna.1
FULTON & CO.,
1461
Dist.,
Electric
and Electri*
Fewer Plants Financed, Designed and Bnllt.
J.
Mont
Insurance Co.
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and prices upon
...1C06
Co. Sob. Dist. No.
I860.
CO.,
.300, 141
^84, 1411
Saginaw. Mlch.121.728 7H4,
61, 151
li.60,
. .
Mex
61
No. 14. N. Y
Rusbville Sch. Dist., Ind. .1001
Huston. La
M61
.781
Y
Richmond, Va.61.839,
Electric Railway*, Electric Light
application.
F. R.
and Reports on
and
13,
Co., N.
1514
Mil
Rotterdam School
727, S3«
Falls, Minn 2*6,
784, 1132
1237, 1514
Ont
Rensselaer, N.
Revere, Mass
Rhode Island
Exchange Place, New York.
poration Bonds, conservatively issued,
Rosebud
H32
Red Lake Co., Minn
Red Lake Falls, Minn
Red Lion S. D., Pa
Engineers, Contractors,
43-4:9
Roosevelt
1006
10 n
Ray
Mo
245, 78*
Reading. Pa
Reading School Dist., Pa.. 60
1614
1287
Rockville. Md
Rocky River. Ohio.
10 Jl
59d. 7*4
Co., Minn.
Co.. Ga
Co.,
WHITE &
Investigations
Illinois.
1132
Mo
lot
1237. 12SH, 129l>. 1160, '510
Randolph
BOND DEPARTMENT.
G.
1132, 1237
Ramsey
MISCELLANEOUS.
J.
S.
Racine, Wis
ahway. N.J
C.ofSl
1289
1'ima Co.. Ariz
1236,1460
PinconnlngS.D.,Mich.784, 1188
.123*4
Pine Bluff, Ark
Pipe Creek Twp., Ind.. 120, 83n
Piqua, Onio.l20,7ss7, 1' 05, 1237
Pittsburgh, Pa. 120, 12o7, 1614
Fiatnneld, N.J
120
S.
Pickaway
M6o
121, 355
245
D, No. 1,
839.1132
Y
Ralls Co..
.
Que
City,
ueensbury
N.
1006,
1160. 1614
60
784
244
Co., N. Y
Co., Ohio
Quebec
784
245,784,
Y
INVESTMENTS.
Prince Albert. N. W. T. .1005
1005
Prince William Co , Va.
Prophetstown, III.... 1006. 237
Prospect Park. Pa.... 839, IV
839
Providence, R. 1
245. 727
Pueblo. Colo ... ..
60,
245, 29?, 353, 839.
Omaha, Neb
Oneida, N.
1132. 1237
Putnam
Putnam
72-4,
Rockport, Mass
Rockport, Ohio
355
US?, 1514
Tex
Ponghkeepsie, N. Y.1005,
117
1181
Phoenix, Ariz
1411
. .
355
Tenn
Co..
Rome, N. Y
Potter Co.,
1514
1005. 1411
N. J....727, 7^4
1411
117
Pa
1411
Rochester. N. Y..246. 784,
S. D.,Cal.
PoseyCo..Ind
.
.
Peshtlgo, Wis
Pettis Co.. Mo
Philadelphia, N. Y
Philadelphia. Pa
Philippine Islands
83w. '514
Ga
Oconee
J411
11S1
120
1510
241
Newcomb, N. Y
New Haven. Conn
New Haven Co., Conn
New Iberia, La
1236. 1614
Dist., Cal.,
Ocean City. Md
Ochre River, Man
a836
244
727
Brighton, Pa
Brunswick, N.J
Pensacola, Fla
Oakland
300,351,783. 839
Sch. Dist., O.H88. 1*36
V. F. School and
Acad.. Dist. No. 8, N. Y.1513
Newark Valley. N. Y.1004. 1131
1459
Newberne, N. C.
Newberry Co. S. D. No. 41.
C
1411
akland.Cal
Co., Mich... 1004,
Portvue.
1514
Mo
Mo
120, £39
Roane
U86
Porto RiOO
121, 355
Portsmouth, Ohio
355
Portsmouth, Va
PortTownsend Wash.839, I2e9
1005. 1286
Pelican Rapids, Minn. 365, 727
Pendleton S. D., Ore. 12H6, 1289
Penn Yan, N. Y
1131, 1188
PenoTwp..
.1286
.
High
Mo. 1514
Riveroide, ChI
Me
1216
ill
784
V4a
365. 1188
Portland.
120, 300. 1614
Portland. Ore.215, 355, 596.
727, 1181. 118s
Port of Portland, Ore. 784,
e39, 1*37, 1 89
1131, 1236, 1460. 1514
Paxton,
Petksklll. N, Y.
Norwood, Ohio.... 60,
1188
783, 838
Newark
Newark
S.
7,
Dist.
Nassau Co., N. Y.354. 727, 1131
244
Navarro Co., Tex
11"
Nebraska
Needles High S. D.. Cal... 1*0
7s3
Neepawa, Man
New Albany Sch. D., led.. 838
Newark, N.J. ...838, 1336. 1.89
120.214.
Newark, Ohio
New
New
No.
Norwlch,N.Y
Porterville
Sch. Dist.,
Md
Rldgewood Twp.S. D.,N.J.1"06
3C0
Rio, Wis
Rip'ey Tenn
1460
,
Dist.,
.
Ridgeiv.
Pomona, ChI
Wis
Mont.... 856. 1005. 1131. 1411
Parkersburg. W. Va.
300
Pasadena Sch. Dls., Cal.
60
Paterson, N. J. 60, 727, 78»,
llir8. 1236
Paulding, Ohio
246
Paulding Co., Ohio... 839, llsl
Pawtucket. R. I.. 727, 784,
1289
Niles.Ohio
120.1*11
Norfolk, Va
1514
Norfolk Co., Mass
North Alton Sch. D., 111.. 244
Richmond
Porta*e and Summit Cos.,
Ooio
300, 596
Port Allegany S. D Pa... 839
120
P> rt Arthur, Tex
1237
Port Brron, N. Y
Port Chester, N. Y....727.
7r>4. 1W7. 1289
60, 78*. 1*11
Paonia. Col
Plain Twp. Sch, Dist., O. .1411
Plainvitw S. D., Mlnn.24S. 365
Polk Co., Minn
3 0, 784
Pomeroy. O 2)5. 599. 1237, 1460
Portage,
i«89
Pair esvllle, Ohio
alo Pinto to.. Tex. 120. Mil
1460
Pamlico Co.. N.C
.242, 298,
Neb ... 100
Co.. Ore. 117.
Myrtle. Miss
1131
1514
244
116
(int....
O.-hawa.
120. 1188
15>4
Oswegatchle, N. Y
Osyka. Miss
1614
Otsego. N. Y
727, 784
60
Ottawa, Ohio
839
Ottawa. Ont
Ottawa Co., Ohio
244, 365
OverpeckTwp. 8. D. N.J. SOU
1614
Owensboro. Ky
120
Oxford, N. Y
1131
Oxford. N. C
Oxford, Ohio
60
1005
Oxford Sch. Dist.. Pa
725 112^, 1234, 1286,
3.
H08, 1«C8. 1510
Niagara Falls, N. Y.60. 120.
1513
839.
Orange Co., Tex
Orange Sch. Dist., Cal
orange Twp., Ind
Oregon
income
success,
WHITING'S PAPERS.
York
Municipal Bonds,
171 LA SALLE STREET,
City.
Aisets, over $8,760,000.
Paid to Policyholders in 1903, $1,060,956 70
CHICAGO.
RANGE OF PRICES
Established 18M5.
H. C. Speer
& Company
159 La Salle
St.,
COUNTY
AND TOWNSHIP
CITY,
Chicago.
BONDS.
CORPORATION
CHICAGO,
-
-
•
E.
MUNICIPAL BONDS.
C. STANWOOD & Co.
95
BANKERS.
Milk Street,
BOSTON.
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York.
Chicago.
»2 TEARS.
1882— 1903.
them made by the
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OUR ANNUAL
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'
ILL*
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MUNICIPAL and oriKinc
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1892—Jan.
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76H Pine
St.,
New York
City.
Some
earlier issues
WM.
B.
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f2
PER COPY.
may
be had at $5 00 a copy
DANA COMPANY,
PINE
ST..
NEW YORK.
:
Apr.
.
.
1
THE CHRONICLE.
30, 1904.]
1573
INDEX TO STATE AND CITY DEPARTMENT-CONCLUDED.
Springfield. Ohio
2*6,
1007. 1290, 14«1. 1515
Spring Hope Sch. D.. N. C.
3j1, 1411
15 5
Spring Lake, N. J
Spring Lake & Serine Val.
Joints. D., No. 1. W13...11P3
!?4j
Sprlnavllle, Utah
squaw Creek Drain. Dist.
San Mateo Sell. D., Cal.... 121
Santa Barbara 8. D., Cm. ..1132
il«
Santa Monica. Cal
P3P
Santa Kosa. Cal
.. 7*8
Sau untuck Mich.
Scanlon 8. D. No.*7, Minn. 1461
Schenectady. N.Y....11SU, 123*
Schoharie Sen. Dis. N Y..l4«l
726
Schuyler Co. Mo
Pa
Schuylkill Haven,
8cituate. Muss
No
121
'R4
1286
2*2
Stark Co.. Ind
Stark Co.. Ohio
Stayner. Ont
Stearns Co., Minn
Steubenville, Ohio.
Mm
836, 1515
216.1132
72S
Shelbyville Ind
Sbelton. Neb
10
>7
536. HM17
14SS
Shenandoah, Va
Sheridan Co., Wyo...839, 113'
MMJ
Tex
Sherman.
Sbrevepnrt, La
Sidney, Ohio
Siduey Mines, N. S
Stoux
1515
1515
Snow
Mo
Hill.
Swanton Sch.
Soldier Soh. Dis.. Iowa ...100'
Solomon T^p.. Kan
117
Somerset Co., Pa
Southampton. N.
Y
Syracuse, N. Y...
121
61.
840
Carolina
Tacoma Sch. Dist. No. 10,
Wa-h..
Tama, Iowa
T«yior,Tex
83<l
Dakota
117. fc6»4
Hadley Fall-. Mass.Urti
Haven, Mich. ..241. 728
Omaha, Neb
Oranee Sch.
Trot wood, Ohio
302
Troup Co.,Ga
1189
Troy. N. Y
11S9, 1290
Troy S.D., Ohio. 366. 11«» 1461
Trumbull Co., Koad
No. 1, Ohio
Tecumseh
.
1133
7?8
.
Urbana, Ohio
Utah
128-*
1412
Utlca. N. Y.,'447, 7*9. 1133,
118rj,
HS9,
1290, 1412. 1462
^rallsburg. N. J
Valdosta,
Ga
802,
597, 729, 1510
1007, 1412
Van Alstyne Tex
Van Buren C Iowa
Van Buren T wp„ Mo
Vancouver, B C
856,
Van Wert Co., Ohio.. 697,
302
8f-6
•..
.
Victor.
.
.
(\>1
Virginia
100
14i2
1*62
12*
72
1186
Tex
Waco.
ah pet on,
Sch. Dist., ^eh.
Hi,
729
N. Dak. 356,
841, 1*02, 1816
1-'31
Temoe.
..242. 781, 12b«
Tennessee
Tensas Bisin Levee Dist.,
WakeCo., N. C
1*12
Walcoti. Minn
1133. 1462
Walden, N. Y
o>7
Walnut. Iowa
729, 1516
Walsenburg Colo
1516
Waltham, Mass. ...122, 247,
No.
81,
La
Wash
121, 72-»
SprinKfleld
SpTingdelrt,
Mass
Sprinuneld,
Neo
1132
1001
132
Mo
301, 356
24i, 725
Texas
1001
ThaverCity.Mo
Tillamook, Ore
12?, 8*0
1412
Tippecanoe Co., Ind
Tishummgo, Ind. Ter..2*6,
801, 1412
.
Wapakoneta.O.lO ?,
Warren, O.. s>47, 356,
Warren, Pa
1
366, 7*6
1238. 1M6
rifl
729, 1007
ll>-9.
AUDIT COMPANIES
The Audit Company
of New York*
ORGANIZED
NASH,
JOHN
MITCHELL,
Vice-Presidents.
T. PERINE, Gen'l Mgr. and Treas.
F. C. RICHARD30N, Assistant Treasurer.
This Company Audits and Investigates Accounts
and makes Physical Examinations ot Properties.
Its Certificates and Reports are Prepared in behalf
Of Merchants, Bankers, Corporations. Committees
and others, ia strict confidence. The Company also
Devises and Installs Money-Saving Systems of
EDWARD
Keeping Accounts.
THE AUDIT COMPANY
OF ILLINOIS,
Accountants and Auditors,
OFFICERS
WALTON, President.
L.A.
W. LITTLE, Vice-President.
0. D. ORGAN, Sec and Treas.
C. W. KNISELY, ManagBi
DIRECTORS
A..G BiCKiR, A. G Beoker & Co., Chicago.
r.w LiTTLi, V.-Pres. Peoria Gas & Bleo. Co.. Peort s
G.A. R TTH*R,Cash 'r Nat'l Live Stock Bank, Chicago
J. R. Walsh, Pres. Chicago National Bank, Chicago
L.A WaLTON.V.Pres. Equitable Trnst Co.. Chicago.
F.
.
Atlantic mutual Insurance
of All
Washoe Co. Nev
Washtenaw Co.. Mich
Room
Company
811.
1189. 123- 1516
123P
...1189,
Mass
Watertown,
Watertown. N. Y.247,
Water
1189
1189
122
729, 841
fc4l,
Valley, Miss
Waverly. Minn ..
Wawarslng. N. Y
Waxahachle. Tex..
. .
12P0
Wealthwood, Minn
Weatheriy Sch. Dist.. Pa 1189
Weber Co. Sch. D.. Utah ."616
61,1462
Weiser Ind. S. D., Idaho.
7-6, 12?8
Wellston Soh. Dist.. Ohio.
811,1190,1516
Wellsvtlle. Ohio
1190
786
Wcubrook.Me
...1413
Woborn. Mass
Wood Co Ohlo.84'.
61
1190,
1239, 1413, 1462
.
Wood Lake.MInn
Wood lawn, Ala
123
123. 811
Woodstock, Ont
123
Woodward. Okla
61
Woonsocket, R. I.... 1239. 1517
Worcester. Mass
786,
1462, 1517
Worcester
Co.,
Worth
Ga
Co..
Mass
697
1286
D Pa. 146*
Wrlghtsvllle Sch.
,
WyaDdotte Mich
367, 730
Wvandotte Co.. Ohio
1517
Wykofl. Minn
1133,1462
Wyoming, Ohio
780,1239
Carrollton, Ohlo.122,
"•29.
Westchester
Co.,
7-*, 1239
N.Y. 356, 7H6
I
.1190
.
.
U»o
Whitby, Ont
Co. School Dist.
69,
Wash
Yakima Co. School
1412
West Held, Mass
.... 242
Westfleld, N.Y
West Mansfield. 0...12<v, 1616
West orange, N. J ...122,
304,357, 729
24 '
West Orange S. D , N. J
West Palm Beach. Fla 357, 786
West St.. Panl. M.nn.u«0, 1290
69?
VVetaskiwin, N W. T
1516
Wharton, Tex
123'
Wheeling, W. Va
Wheeling S. D., W.Va.123. 73n
.
Yakima
No.
HO*
Westerly, K.
WesterviUe. Ohio
£97
Whttecastle. La
61
White Co.. Iod
Whitehall. N. Y
1183,1*18
« hltehousq, Ohlrt
1516
While Plains, N. Y..119 1413
'2*, 357, 781
Whif.ler, Cal
Whittier Sch. D„ Cal.. "30.
786, 1133
2*7, 1617
Dist.
No. 71, Wash
786
Yamhill Co 8.D.No.40 Ore. 123
Yazoo. Miss., Levee Dist.. 1190
Yonkers. N. Y
302, 3 -7.
730. 1239
York, Pa
123,802,857,
Y»rk& Leicester Un. Free
Sch. Dist. No.
York Sch
York Sch
York Sch.
7,
Dist...
697
N. Y....1239
Neb 8*1,1517
Dist.. N. Dak. ..1517
Dist., i'a..i 190,
1290. 1517
Younpstown. Ohio
123,
3u2, 357, 780, 8U, 1007
1183, 11«0. 1239, 1413, 1517
Zanesvllle, Ohio...
123,
302, 1136. 1413
',
a— See South Carolina,
p.
836
b—Se* North Carolina
p.
69*.
d— See
Phoenix
p. 1236.
OFFICE OF THE
New
York, January 20th, 1904.
on Marine Risks from let January, 1903, to 31st December, 1903.
miutus on Policies not marked offlst January, 1903
No. 518 Atlantic Building,
NEW
$3,174,147 73
800,368 56
°ti iniuniR
it
Total
Marine Premiums
$3 974.516 29
ofi from 1st January, 1903, to 31st Deoember,
$336,185 20
interest received during the year
"
«•
"
less Taxes
111,923 77
.tent
Premiums marked
Losses paid during the year which were estimated
In 1902 and previous years
Losses occurred, estimated and paid in 1903
$3,250,364 45
1903
$448,108 97
$322,490 79
1,065,141 83
$1,387,632 62
Less Salvages
Re-insurances
$146,587 55
64,028 75
.„
210,616 30
$1,177.016 32
The Company has the follo-winc Assets, viz.:
$5,170,084 00
United Htates and ritate of New York .*>toob; City, Bank and other Securities
Special deposits In Banks and Trust Companies
1,612,252 53
Keal Estate oorner Wall and William Streets and Exchange Place... $3,789,000
75,000 3,864,000 00
Other Real Estate and Claims due the Company
Premium Notes and
Bill Receivable
wash in the hands of European Bankers to pay losses under policies payable in
1,107,221 88
182,001 68
89,461 72
foreign countries
ash in Bank
Amount
$12,025,021 81
Six per cent interest on the outstanding certificates of profits will be paid to the holders
.Hereof, or their legal representatives, on and after Tuesday ,the second of February next.
The outstanding certificates of the issue of 1 898 will be redeemed and paid to the holders
thereof, or their lega. representatives, on and after Tuesday, the second of February next, from
which date all interest thereon will cease. The certificates to be produced at the time of
dividend of Forty per cent is declared on the net earned premiums of the Company
year ending 31st December, 1903, for which, upon application, certificates will be Issued
By order of the Board,
on and "alter Tuesday, the thiid of May next.
A
for the
M.GILLESPIE,
49-51 Wall Street,
1*13, 1516
Wllmotte, III
1*13
Wlndber. Pa
247. 7S0. 1239
Wlnfield Kan. ...123,780,1516
Wlnahatn. Ont
2*7
Winston, N.C
1418
Wlnyah indigo S. D., S.C.ofS6
Sch. D., N. J. 356
Weiser, Idaho
West
Ohio...
Wiltshire Twp., Ohio
.118-,
Waynesville Sch. Dis., 111'. 1516
WaynesvllleTwo., N. C...12wO
Weehawken.
.
Willoughby Twp.
payment, and canceled.
Scrl>
Yeara Bought and Said.
YORK.
BONDS AND STOCK
CERTIFICATES
Handsomely engraved, or
in cheaper style
(not cheap looking) partly printed from
type.
Send for samples and estimates.
100 Certificates $3 to $25. Seal Press $1 50. Quick WorK
Albert B. Kinor & Co.,
Engravers and Lithographers,
105 William Street.
729
1516
Waterbury, Conn
G.
JOHN
C.
729. a836
Returns of Premiums and Expenses, $467,841 97
MARQUETTE BLDC,
CHICAGO.
Public
729 1238
Wilkinsourg, Pa
61, 841
Williamsburg. <).. 123, 247, 730
Williamsburg, Va
1239
Williamsburg Co.. S. C .. a83*
Willi imsporr Sch. D Pa.. 357
,
J.
GEORGE W. YOUNG,
635-42
P.
1007
The Trustees, in Conformity vi>h the Charter of the Company, submit the following statement of
its affairs on the 31st of December 1 003 ;
Acting President.
A.
Pa...
Washington Twp.,
CHICAGO.
AUGUST BELMONT.
WILLIAM
Washington C. H
Washington Sch. D..
Md
Co..
ATLANTIC MUTUAL INSURANCE COMPANY,
43 Cedar Street
PHILADELPHIA.
Washington. N. C
Wicomico
Wild Horse Twp., Kan
117
Wilkes Co.. Ga
2*7.1007
INSURANCE.
1897.
NEW YORK:
Washington
T
302
729. 785
Y
Union Co., Ohio .122, (-40, llsw
Uuiontown. Pa
786
Unlontown Sch. D. Pa
597
United States of Mexico.
14 2, 1462
Upper Sandusky, O
80*. 781
Dist..
X. .1
1411, 1515
So. Stillwater. Minn... 8*0. 1238
Spokine Wash
61, 12"ti
Spokane Co., Wash
8*0
Co. School Dist.
Co.. Ind
1290 14 2
Minn...
lsterCo. N.
Ulen,
1238. 1515
Spokane
Warrick
.
129J
d
.
1
247
Tnpelo. Miss
1412,1461
Turlock Irrlg. Dist., Cal.... 729
1*62
Tuscarawas Co.. Ohio
Twin Valley. Minn
1290
Two Rivers. Wis
61
U61
Ariz
1189
i728
841, 141*
697
3S6, 841
.Ohio.. 697
Warren Twp Mich
Dist.
Vigo Co., Ind
Vtncennes Twp.,Ind.840 12 8
...IU,
697, 728, 785, 1007
South
8outh
South
S'mth
South
So'Ub
Dist.. Ohlo..i2no
Swarthmore, Pa
1238, 1*01
840
Sweetwater. TeQn
246
Sycamore. Ill
sykeston S. D.. N. Dak ...1515
ll«
1411
Md
*01.
1007. 1*12, 1461
Falls. 8. Dak.... 121. 597
1'>01
Slater City,
Sleepy Eye, Minn
..
,
366, 788, 785. 1007, 1133,
1238. 1412, 1615
Topeka. Kan.
246. 356
Topefca Sch. O., Kan. 1007,
1188, 1515
Toronto, Ont
785. 1188. 1290
Traver.-e City. Mich.. .122, 2*6
Travers Sch. Dist.. Mich.. 1»16
,
>-40
..
1
>
3ol,786,
Shawnee Okla
Shawnee Co., Kan
U8-
1461
1412
1411
1188
607
728,1133
188
Stockton, Oil
£40
Story Co., Iowa
Va
..785,1007,1238
Strasburg,
246
Strothers, Ohio
Sturgeo
Falls Separate
59*
Sch. D'st., Ont
840
Su'livan Co., Ind
Sullivan Co.. Mo
117
Sullivan Sch. Dis., Ind .246.
1C07
78».
840
Summit. N.I
301,11*3
Sumpter. Ore
241
Sumter. 8. C
Sumter Co.. Ala
118 a 1-16
Superior. Wis
840, 1001
Swainsboro, Ga
1515
840,
Swanipscott. Mass
151*
Co.. Ohio
Fills, S. D.. N. Y..1011?
1007
H'll. Pa
Seneca
Sharon
Shawano, Wis
i>..
S.
18.Mlnn
355. 83J. lflOfl
785. 11S8
Senatobla. Miss
1188.1411
Mlch..61, 2*6
113S.
Staoles Ind. Sch. Dist. No,
Seaside, Ore. ...7r4, 11 *'».
117,1001
Seattle. Wash
Seattle S D. No. 1. Wash.
Seneca
Mo
Stambauifh
Scotland Co., Mo
Scranton, Mies
l*0rt
Scranton, Pa
8eafortb8.l>No.l04,Mlnn. 78»
...355, 72S
Sealy 8ch D.,Tex
.
1,
Mo
Warrensbnrg,
Toledo. Ohlo..l22. 246, 3-U.
New York
Ctty
STANTON FLOYD-JONES,
Secretary.
TRUSTEES.
aCSTAV AMS1NCK.
"KANCIS M. RA.CUN,
JOHN N. BEACH.
WILLIAM K. BOULTON
rKKNON II. BKOWN,
VALUKOS P. BKOWN.
JoSKPH H. CHAT.MAN,
iHSOKGK 0, CLAKK.
BORNKLJU8 El. DEBT,
""WALL) FLE1TJ1ANN,
herbert
clement
anson w.
l.
a.
P. MORTON.
HENRY PARISH,
FREDERIC A. PARSONS
DALLAS B. PRATT,
GEORGE W. QC1NTARD,
LEVI
griggs,
gk1scom,
uaki),
morris k. jesup.
lewis cass led yard,
francis u. leggett.
CHARLES n. LEVERICH,
LEANOER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL.
W.H. U.MOORE.
A. A.
F.
RAVEN,
A. A. KAY EN.
JOHN L. K1KER,
DOUGLAS ROBINSON.
GL'STAV H. SCHWAB,
WILLIAM C. STURGES.
President.
A PARSONS,
Viee- Pres'l.
CORNELIUS ELDERT, 2d Viee-Pres't
THEO. P. JOHNSON, jrf Viee-Pres't.
THE CHRONICLE
1574
^oxh Mock %xth*UQZ Rousts.
tva
SIMON BORG &
No. 20 Nassau Street,
WM. W.
BZBA LINCOLN.
PHILIP
of New York Stoek
i
Mmhmngt.
New
•
Terk.
%xus\ Companies.
TheTrustCo.of America
CO.,
HANKER*.
Member
[Vol. lxxviil
(Northwest Corner Liberty
LnTOOLN.OASWELL ft 00.
Messoers
of
Mow York
Capital. Sarplas and Undivided Profits,
95,594,850 38.
subject to check and on Certificates of Deposit
.
Acts as Trustee, Receiver, Committee, Executor
Administrator, Assignee, Registrar,
Guardian.
Transfer and Fiscal Agent.
0FFICEBS:
Asfcbal F. Fitch, Fres.
H. Leupp, V.-F.
Wm.
B,
Mat upon Application,
New
CO.,
York Stock Exchange,
KIDDER & CO,
BAHKSBS,
NSW YORK.
WALL. 8TE1IT,
18
LADD,WOOD &
Members
A. M.
IMS.
Eotablleked
MEMBERS OF NEW YOBK STOCK EXCHANGE.
J.
Ckatry, See'y.
&
Watson
Herbert,
BROKERS
BOND AND STOCK
Wilson,
The Hanover Bank Building,
Corner Nassau and Pine Streets,
DIRECTORS:
NORTON &
52 Exchange
Place,
New
Hx. Norton, Mem. N.T. Stock Xx.
CO,,
GUARANTEED STOCKS.
HARRIMAN &
G bo. F. Norton.
Certified Public Accountants,
Transact a General Banking and Stook Hxohamgt
Business. We make a specialty of
MARQUETTE BUILDING,
Investment Securities.
Co.,
BROAD STREET,
N, Y.
Transact a General Banking and Stock
Exchange Business.
ACCOUNTS OF BANKS & BANKERS SOLICITED.
IS TE BEST ALLOWED ON DEPOSITS.
STOCK EXCHANGE.
IN
INVESTMENT SECURITIES.
11
WALL STREET, NEW YORK.
&
T
WALL STREET,
NEW YORK.
53
STATE STREBT.
Wm, F AHNI8TOCK, Memb. N. Y. Stock
BROKERS AND DEALERS
Co.,
NEW YORK.
Orders for Stocks A Bonds executed at all exchanges,
Especial attention Riven to supplying high-class
ST
J.
Jacobs
41
New
&
Co.,
Investment or on Margin,
INVESTMENT SECURITIES.
W. H. Goadby &
NO.
ft
&
Co.,
COMMISSIOIT KBBCHAJf TS,
33 Wall Street
New
York.
&
Street,
Chicago.
New
York.
Street, London, E. C.
Cleveland,
"HASKSELLS."
St.
Louis.
Pittsburgh,
W.F.WEISS,
CERTIFIED PUBLIC ACCOUNTANTS
Co.,
NEW
-
Uhbt O. Campbill,
Edwin
P.
YORK.
Camfbeu
J AMIS G. MAOliXAH.
&
128 Broadway,
New York.
Examinations of Financial Conditions amd Earnings.
Reports and Adjustments for Consolidations
and Reorganizations.
Investigations an* Audits of Bunking and
Stock Brokerage Houses.
mission.
20
H. Oliphant
&
.
Co..
.
NO. 3907 COBTLAHDT.
OLIPHANT.
PUBLIC ACCOUN TANTS.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy Building.
WM. FRANKLIN HALL
BANKERS AND BROKERS.
New York.
Broad Street,
TKUFEONl
Pogson, Peloubet & Co*
YORK, 42 Broadway.
Co., NEW CHICAGO,
Marquette Building.
11 Wall Street, New Yor
MEMBERS NEW YOBK STOCK EXCHANGE
Seonrltlee Bought and Sold on Com
JAB. H.
BAMK1BS
Goodhart
30 Coleman
Itanof
a Specialty of
BROADWAY,
Co., Jas.
BANKERS AND BROKERS,
74 BROADWAY, NEW YORK
R. T. Wilson
STREET.
H. G. Campbell
Street.
Members) N. Y Stock Exchange.
Orders Executed
J.
30 Broad
Member* Neva York Stock Mwehmngt,
INVESTMENT SECURITIES.
R.
WALL
STOCKS.
P.
BALTIMORE.
CERTIFIED PUBLIC ACCOUNTANTS
Cable Address,
BANK AND TRUST CO
BANKERS,
Fidelity Bnlldlng,
HASKINS & SELLS,
IN
INVESTMENT SECURITIES
We Make
Bide.,
NEW YORK.
Hx.
B. B. DODSOK
MUMFOED,
2
PHILADELPHIA.
BOSTON.
of New York and Boston Stook Bxehangea.
Private wire between the two onuses.
Information given In regard to all Boston securities
and quotations furnished.
Orders Executed
For Investment or on Margin.
(Pennsylvania)
Stephen Glrard Building,
Broad Exchange
Members
STOCKS, BONDS and INYESTMENT8.
Public Accountants.
Certified
Burr,
STOCK BROKERS,
BANKERS,
No. 57 Broadway, New York City.
Members New York Stock Exchange.
ST.,
PHILADELPHIA.
MONTGOMERY,
BROKERS AND DEALERS
B00DT,McLELLAN &C0. Fahnestock & Co.,
WALL.
Stephen Glrard Bide,
NEW YORK.
LYBRAND,
FARLEE,
&
R.
D.
ROSS BROS &
J.
MEMBERS NEW YORK
T. J.
No. 10
CHICAGO.
S.
Private Wires to Cincinnati and Chicago.
&
(Illinois)
53 Broadway,
BRANCH OFFICE, BRISTOL BUILDING,
Parkinson
John H. Davis
Wilkinson, Reckitt,
Williams & Co.,
BANKERS AND BROKERS,
INVESTMENT SECURITIES.
15
CO.,
EQUITABLE BUILDING, NBW YORK.
York.
Howard Lapsley &
&cjc0trotatits.
BONDS.
SOU FIFTH AVENUE.
NEW TOBK.
EX.
Manning, V.-F.
S.
Allow interest on deposits subjeat to sight cheek.
sell on commission stocks and bends, and
STREET.
Thiodoks Wilson, Member n.T. stock Mx.
GXOHGS H. WATSON JB.
William Hxrbkbt. Mem. N.T. Stock Bx.
H.
A. L. Banister, Treaa.
Bay and
INVESTMENT SECURITIES. RAILROAD
WALL
Wm. Barbour, V.-Ftm.
George Crocker, iC. I. Hudson,
Edw.C. Schaef er, Philip Lehman,
Geo.Blnmenthal,
S. C. T.Dodd,
Joel F. Freeman, Frank Jay Gould,
James Campbell, Wm. A. Clark,
H. S. Redmond. John W. Griggs.
Jno.R. Heeeman Edwin Gould.
George C. Boldt, Wm. H. Leupp.
Ashbel P. Fitch,
Wm. Barbour,
H. B. Manning,
Sam]. A. Maxwell,
MyronT.Herrick.
Bmers. MoMillin.
Jas. M. Donald,
deal In
7
St.)
Allows Interest on Daily Balances,
Stook Exoksvo
High-Grade
Investment Securities.
Investment Bonds
18 Wall Stroo
and Q uaranteed Stocks.
Descriptive Circular
BROADWAY,
149
OlMli
Accountant,
exchange Building
53 State Street-
HnOT ,,« MASS.
mahm
BOSTON,
Books audited. Examinations and investigations conducted with the utmost
ALFRED L. NORBIi
care and efficiency.
Members New York Stook HJxobsmge.
Dickinson,
Grummon & Co.
Member* New York Stock Exchange
751 BROAD ST.,
15 WALL STREET.
NEW YORK.
NEWARK,
N.JT
JAMES PARK &
CERTIFIED
PUBLIC
00.,
ACCOUNTANTS,
52 Broadway, New York.
238 La
Salle Street, Chicago.
@FedFRASER