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Bank and Quotation Section (Monthly) Railway and Industrial Section (Quarterly) State and City Section (semi-Annual^) Street Railway Section Entered according to Aot o f Congress, in the year 1 9 0 0 , by W i l l i a m B . D a n a C o m p a n y in the office o f Librarian of Congress,Washington, D . C A weekly newspaper entered at £o «t Office, New Y o rk , as seoond-class matter—W i l l i a m B. D a n a C o m p a n y , Publishers, 7<&f Pine St., N . Y . VOL. 83. SATURDAY, AUGUST 1906. lerins ol Subscription—Payable in Advance for One i ear........... .............................. - ..................................................................$ 1 0 00 Per Six M o n th s.......................................................................................................... 6 00 ■nropean subscription (including postage).................................................. 13 00 Soropean Subscription Six M onths (including postage)....................... 7 60 Annual Subscription in London (Including postage)........ .....................£ 2 14 a 4lx Months Subscription in London (including postage).....................£ 1 1 1 s . Subscription includes follow ing Sections— Ba n s and q u o t a t io n (monthly) I St a t e a n d C m (semi-annually) Ra il w a y and I n d u st r ial (quarterly) | S t r e e t R a i l w a y (3 times yearly) Terms ol Advertising—Per Inch Space Crantlent matter per inch space (14 agate lines)......................................... $ 4 20 ( 8 t i m e s ) .................................. 22 00 (13 tim es)............................. 29 00 Six M onths (26 tim es)............................. 60 00 T w elve M onths (52 tim es)................................ 87 00 C H IC A G O O F F IC E — P. Bartlett, 513 M onadnock Block; Tel. Harrison 4012 LONDO N O F F IC E — Edwards & Sm ith, 1 Drapers* Gardens, E . C. B. D A N A C O M P A N Y , P u b lish e rs, Pine Street, Corner ot Pearl Street, Office B o x 9 * 8 . NEW CLEARING HOUSE RETURNS. YORK. The following table, made up by telegraph, & c., indicates that the total bank clearings of all the clearing houses of the United States for the week ending to-day have been >2,759,409,841, against $2,573,264,812 last week and >2.521,179,575 the corresponding week last year. Clearings— Returns by Telegraph . Week ending Aug. 1 8 . N ew Y o r k _______________________ _________ _____ ___ 1906. 1905. P er G en t. . S I .3 9 2 ,8 8 9 .1 6 8 $ 1 ,3 1 7 ,5 7 8 ,6 9 4 B o s t o n _____________ ____________________ _________ _______ 1 2 0 ,5 6 3 .7 8 2 1 0 8 ,1 6 4 ,5 4 9 P h i l a d e l p h i a ________________ 1 1 0 ,3 3 9 .7 0 9 1 1 1 .9 7 9 .7 2 5 — 1 .5 2 0 ,2 0 8 ,3 6 6 1 8 ,5 6 1 ,2 2 5 + 8 .9 2 0 0 ,4 7 5 .6 2 9 1 5 1 ,4 8 1 ,7 4 0 + 4 7 ,2 9 2 .7 4 7 4 1 ,0 9 3 ,2 4 1 + 1 1 .9 2 0 ,3 6 5 1 1 ,1 2 9 ,9 9 1 + 7 .1 $ 1 ,9 0 3 ,6 8 9 ,7 6 6 $ 1 ,7 5 9 ,9 8 9 ,1 6 5 + 8 .2 3 3 5 ,7 4 1 .2 1 1 3 0 2 ,7 9 8 ,7 4 1 $ 2 ,2 3 9 ,4 3 0 ,9 7 7 $ 2 ,0 6 2 ,7 8 7 ,9 0 6 5 1 9 ,9 7 8 ,8 6 4 4 5 8 ,3 9 1 ,6 6 9 $ 2 ,7 5 9 ,4 0 9 ,8 4 1 $ 2 ,5 2 1 ,1 7 9 ,5 7 5 B a l t i m o r e .............. ... __________ _ ............ C h i c a g o _______________________ st. L ou is N ew _ .................. ... O r l e a n s ........ .................... .......... I T S e v e n citie s, 5 d a y s _________ O t h e r c i t i e s , 5 d a y s _______________ T otal a ll c itie s , 5 A ll citie s . d a y s _________________ 1 d a y ______ ___________ ____________________ T o t a l a ll c i t ie s f o r w e e k . + 5 .7 + 1 1 .5 3 2 .3 1 5 .1 + 1 0 .9 + + 8 -6 1 3 .4 + 9 .4 I he full details for the week covered by the above will be driven next Saturday. We cannot furnish them to-day, ■ unrigs being made up by the clearing houses at noon on T >aturday, and hence in the above the last day of the week : i' t<>be in all cases estimated, as we go to press Friday night. U present below our usual detailed figures for the previous - *'!c. covering the returns for the period ending with Saturi iy noon , August 11, and the results for the corresponding ••k in 1905, 1904 and 1903 are also given. Contrasted v ith the week of 1905 the total for the whole country shows . a gain of 1 5 .2 % . Outside of New York the increase over 1905 is 7 .8 % . (■ W eek ending A u gu st 11. 1906. 1905. § S N c * x o r k .............. 1.6 3 8 .2 3 1 . 2 S 0 1 .3 6 5 .9 4 0 .6 7 8 t n iu a e ip t i t a . . . . 1 2 1 ,4 8 6 .4 9 5 1 1 0 .3 5 5 .3 0 9 P it t s b u r g h 4 4 .9 5 0 .5 8 5 I s . 2 sO. 0.30 B a lt im o r e . 2 4 .4 1 0 .8 3 8 2 1 .2 1 3 .1 0 8 B u f f a l o ..............] y 3 .3 9 9 .5 6 1 7 .2 5 3 ,1 5 7 l l a s h in g t o n . . . . 5 .1 0 0 .5 6 1 4 .4 7 0 .2 6 0 A l b a n y . ______ ____ 5 .3 8 7 ,0 9 2 3 .7 1 1 .7 9 0 R o c h e s t e r .............. 2 .9 9 8 .5 7 8 ! 2 .0 5 7 ,4 5 8 u lla lU O u 1 .6 9 3 .7 3 8 1 1 .6 0 0 ,0 0 0 S > r 3 c u s e ................ 1 .4 4 1 ,1 0 7 1 .1 9 1 ,1 5 3 1 .1 1 0 .2 7 8 1 .0 8 4 ,5 9 7 W i l m i n g t o n ........... 1 .0 8 4 .2 3 3 9 7 3 .4 4 9 V\ l i k e s - B a r r e ___ 1 ,0 4 2 .2 0 9 8 6 7 .0 4 3 h e e lin g .............. 1 .1 6 8 .1 7 2 7 0 2 ,9 2 5 E r i e .......................... 5 3 2 .2K4 5 0 6 .5 8 3 Dreensburg _ _ 3 9 5 .6 3 2 4 3 1 .0 0 1 Chester . . . . . ___ 4 7 1 .0 3 .3 4 4 4 .3 7 7 B in g h a m t o n .. . 4 9 4 .6 0 0 4 1 0 .5 0 0 V r a n k ] In ............... 3 0 0 .0 0 0 2 9 6 .7 1 9 Total M id d le -. 1 .8 6 1 .2 0 4 .2 6 6 } l 5 7 2 .3 9 0 .7 4 3 In c. or D ec. % + 1 9 .9 + 1 0 .1 — 6 .9 + 15.1 + 1 5 .8 + 1 4 .2 + 5 8 .6 + 1 2 .8 + 5 .9 + 2 1 .0 + 2 .4 + 1 1 .4 + 2 0 .2 + 6 6 .2 + 5 .1 — 8 .2 + 6 .0 + 2 0 .5 + 1.1 NO. 2147. 11. u a w uiya ui PUBLISHED WEEKLY. W IL L IA II 1906. W e e k en d in g ?A u g u s t '^he Chronicle. Two o SThreeMMn t h s onths 18, 1904. 1903. $ $ 9 9 2 .1 4 6 .3 9 2 1 ,1 4 5 ,1 8 4 .5 8 4 9 7 .1 9 6 .3 1 4 8 3 .6 9 8 ,4 9 3 2 9 .7 1 5 ,0 0 9 4 1 , 5 2 1 .6 7 0 2 1 ,6 0 1 .4 2 7 1 8 ,4 6 4 .9 1 5 0 . 7 2 2 .2 1 2 6 .1 2 2 ,1 9 4 3 .5 3 2 ,9 0 3 3 .4 2 5 ,7 7 3 3 ,1 6 9 .2 4 5 3 .6 3 4 .5 0 6 2 .4 7 8 .8 7 7 2 . 1 0 3 .9 5 5 1 2 7 1 .8 6 6 J .4 2 8 .9 8 6 1 .1 8 0 .9 3 0 1 ,0 5 0 .9 2 3 1 ,0 4 9 .8 9 4 1 .1 7 2 .6 5 8 9 3 5 .3 2 7 8 8 3 .9 2 7 7 2 8 .0 2 6 7 3 8 .4 2 6 0 9 4 .4 7 1 5 5 1 .9 5 4 4 9 8 .7 3 0 4 0 8 .8 2 8 3 4 4 .5 6 0 3 2 1 .3 9 0 4 2 8 ,9 4 4 3 8 9 .1 0 0 4 1 0 .5 0 0 2 2 5 ,0 7 1 1 8 6 ,7 6 3 + 1 8 .4 1 .1 5 6 .8 7 6 .5 2 8 1 .3 2 8 .8 0 8 ,8 2 1 B o s t o n . ________ P r o v i d e n c e ______ H a r t f o r d _______ N e w H a v e n ______ S p r in g fle ld -_ --_ W o r c e s t e r _______ P o r t l a n d ........... .. F a ll R i v e r ________ L o w e l l ____________ N e w B e d f o r d _____ H o l y o k e __________ S 1 2 8 .7 9 2 ,4 8 3 5 , 9 3 4 ,2 0 0 3 .3 6 5 ,5 5 0 2 ,0 7 2 ,8 0 3 1 .4 6 5 ,3 5 4 1 .3 4 7 ,7 3 8 1 .8 9 3 ,6 6 6 6 8 1 .0 3 1 4 7 4 ,0 8 6 6 4 1 ,8 1 2 4 2 1 ,5 8 4 1905. In c . or D ec. S 1 3 1 .1 4 7 .6 8 0 6 ,3 4 5 .8 0 0 2 .6 3 3 ,1 8 8 2 ,2 6 6 ,3 2 1 1 ,5 6 3 ,4 3 9 1 ,3 9 3 ,6 3 1 1 .6 3 0 ,7 9 8 6 3 6 ,8 6 8 4 7 8 .1 7 2 7 2 0 ,4 0 7 4 3 0 ,2 9 7 % — 1 .8 — 6 .5 + 2 7 .8 — 8 .6 — 6 .3 — 3 .3 + 1 6.1 + 6 .9 — 0 .9 — 1 0 .9 — 2 .0 1904. 1903. S 1 1 1 .2 5 8 ,5 1 0 5 , 4 3 4 .7 0 0 2 , 2 2 8 .9 2 6 1 ,8 5 5 ,4 1 0 1 .3 3 1 ,6 3 2 1 .1 9 6 ,5 6 1 1 .5 0 4 ,2 4 7 5 1 2 ,4 6 3 4 4 6 ,6 0 7 3 3 2 ,8 5 2 4 1 4 .5 1 4 S 1 2 5 ,5 6 3 .3 2 3 6 ,3 4 3 .0 0 0 2 ,8 7 8 ,2 7 1 1 ,8 7 2 ,5 8 0 1 .3 6 4 ,1 2 4 1 .4 5 7 ,3 8 6 1 ,4 9 6 ,1 3 6 6 3 9 ,9 3 9 4 6 4 .2 3 2 5 3 2 ,5 4 4 3 6 2 .3 4 7 T ota l N ew E n g. 1 4 7 ,0 9 0 .3 0 7 1 4 7 .2 4 6 ,6 0 1 — 1 .4 1 2 6 ,5 1 6 ,4 2 2 1 4 2 .9 7 6 .8 8 2 C h ic a g o _________ C i n c i n n a t i _______ C le v e la n d ______ D e t r o i t . _________ M i l w a u k e e ______ I n d i a n a p o l i s _____ C o l u m b u s ________ T o l e d o ____________ P e o r i a ____________ G r a n d R a p i d s ___ D a y t o n . ________ E v a n s v i l l e ______ F o r t W a y n e _____ S p r i n g f i e l d , 111 . . K a l a m a z o o ______ R o c k f o r d _______ L e x i n g t o n ________ Y o u n g s t o w n _____ _________ C a n ton A k r o n ____________ S o u th B en d S p r in g f ie ld , O ___ B l o o m i n g t o n ___ D e c a t u r _________ Q u i n c y ___________ M a n s f i e l d ________ J a c k s o n v i l l e , 111. J a c k s o n __________ A n n A r b o r _______ 1 9 5 ,9 8 3 ,3 4 7 2 2 ,4 3 1 ,9 0 0 1 4 .4 2 4 ,4 0 0 1 4 ,7 8 6 ,6 8 4 8 ,8 7 3 ,0 0 7 7 ,8 2 6 ,3 7 5 5 ,3 0 0 .0 0 0 3 ,7 2 0 ,8 8 0 2 ,3 7 9 .1 0 5 2 ,1 4 0 .8 2 2 1 .6 7 6 .4 3 8 1 ,6 0 5 ,2 7 6 7 4 4 .8 6 6 7 7 8 ,3 8 9 9 5 6 ,8 7 4 5 5 2 .4 0 7 5 6 1 ,5 2 1 5 5 0 ,9 2 5 4 2 3 .9 1 2 5 8 4 ,1 0 5 4 3 4 .1 3 3 3 4 5 .4 5 5 3 3 7 ,1 2 8 3 0 5 ,5 2 0 3 4 6 ,0 1 0 3 0 5 ,4 4 8 3 1 3 ,6 3 9 1 7 8 ,1 9 6 1 2 3 .8 8 0 1 8 0 ,1 6 1 ,5 8 8 2 0 ,9 3 4 .3 0 0 1 2 ,9 1 6 .3 9 2 1 3 ,8 0 6 ,5 6 6 8 .4 6 0 .7 7 3 6 ,2 5 8 ,5 5 1 4 ,8 9 6 ,9 0 0 3 ,8 1 1 .0 8 4 2 ,7 5 4 .1 8 4 2 ,1 6 3 .5 0 6 1 .4 3 5 .6 7 9 1 ,1 4 3 ,4 6 0 9 0 3 ,3 1 0 7 7 9 .0 9 9 7 9 8 .4 3 2 5 0 1 ,7 8 3 4 9 6 ,3 8 4 4 7 9 .2 4 0 4 6 4 .2 9 0 4 2 0 .0 0 0 3 9 4 ,8 7 7 3 3 0 .5 7 2 3 1 9 .6 0 0 3 1 9 ,3 8 4 3 0 8 ,4 6 9 2 9 1 ,8 2 3 2 6 5 .1 9 8 2 1 1 ,6 5 7 1 1 9 .2 2 7 + 8 .8 + 7 .2 + 1 1 .8 + 7 .1 + 4 .9 + 2 5 .1 + 8 .2 — 2 .4 — 1 3 .6 — 1 .0 + 1 6 .8 + 2 2 .9 — 1 7 .5 — 0 .1 + 1 9 .8 + 1 0 .1 + 1 3 .1 + 1 4 .9 — 8 .7 + 3 9 .1 + 9 .9 + 4 .5 + 5 .5 — 4 .3 + 1 2 .2 + 4 .7 + 1 8 .3 — 1 5 .8 + 3 .9 1 6 2 ,4 0 8 ,6 8 7 2 5 ,6 9 2 .5 0 0 1 2 ,1 1 9 .9 7 6 1 2 ,6 9 5 ,6 2 6 8 .8 9 6 ,5 8 8 6 ,5 3 6 .1 4 1 4 , 3 6 0 .2 0 0 3 .8 0 7 .1 0 1 2 , 4 5 5 ,7 9 0 2 ,0 2 3 .0 8 8 1 .4 3 5 .0 4 5 1 ,3 8 0 .8 6 3 1 5 6 ,7 0 7 .9 1 2 2 1 . 1 7 8 ,3 0 0 1 5 .3 5 0 .1 3 5 1 2 ,9 8 6 ,7 5 6 7 .6 2 6 ,9 0 1 6 .4 8 7 ,9 6 1 3 , 7 9 1 .3 0 0 3 ,5 0 1 ,3 4 0 2 .4 0 2 ,2 3 2 2 ,1 5 9 ,5 4 9 1 .6 2 2 ,0 3 5 9 3 5 ,7 6 1 7 0 6 ,9 2 1 7 1 3 ,6 1 8 4 4 9 .6 9 5 5 3 2 ,2 1 0 3 9 1 ,0 2 7 5 0 6 ,8 2 7 5 8 9 .0 0 0 6 1 9 ,5 3 4 6 5 2 ,8 9 2 4 4 3 .5 0 7 4 3 5 ,7 5 5 6 2 5 ,4 7 0 5 3 6 ,1 1 8 6 5 5 ,0 0 0 3 8 6 ,4 3 5 3 3 4 ,6 0 8 2 7 6 .7 2 3 3 6 3 ,7 9 3 1 8 8 ,1 5 4 2 9 0 .9 7 7 1 7 1 ,9 2 0 8 4 ,3 3 2 T o t . M id .W e s t . S a n F r a n c i s c o ___ L o s A n g e l e s ______ S e a t t le ____ __ S a lt L a k e C i t y ___ P o r t l a n d ___ S p o k a n e __________ T a c o m a _________ ______ _ _ H e le n a ___ _______ F argo S i o u x F a l l s ___ _ _ O a k l a n d __________ S a n J o s e __________ 2 8 8 .9 9 0 .6 4 2 3 4 7 ,9 0 5 3 6 1 ,6 8 8 3 0 9 .5 0 5 3 9 8 .6 3 5 1 9 3 ,3 0 3 2 5 0 ,4 8 9 1 7 5 ,6 1 2 9 8 .3 8 1 2 4 9 .8 3 6 ,4 2 1 T o ta l P a c ific .K a n s a s C i t y _____ M in n e a p o lis ______ O m a h a __________ S t . P a u l __________ D e n v e r ____________ S t . J o s e p h ________ D e s M o i n e s _____ S io u x C i t y . . W i c h i t a __________ T o p e k a ___________ D a v e n p o r t . _____ C o lo r a d o S p r in g s C e d a r R a p i d s ___ P u e b lo _______ F rem on t L i n c o l n ______ . . + 8 .6 2 6 6 .1 4 6 ,3 2 8 3 3 ,2 7 6 ,7 7 2 + 1 5 .7 3 8 .4 9 3 ,6 7 0 9 .7 0 0 .0 0 0 + 7 .8 1 0 ,4 5 2 ,2 4 9 + 7 4 .4 9 . 0 6 3 .7 9 5 5 ,1 9 6 ,3 1 1 4 ,5 0 0 ,6 6 2 — 1 .6 4 ,4 2 6 .9 4 0 4 ,1 2 3 ,0 6 1 + 2 6 .4 5 ,2 1 2 ,9 5 5 + 2 4 .9 2 ,8 6 0 ,6 3 2 3 ,5 7 2 .1 3 3 + 2 1 .1 2 ,9 8 9 ,3 2 0 3 .6 2 1 ,3 0 7 8 4 3 .8 7 0 7 2 0 ,7 6 4 + 1 4 .6 5 7 8 ,1 2 3 — 1 6 .7 4 8 1 ,5 8 4 + 4 8 .3 2 8 3 .8 7 5 4 2 1 .0 3 0 3 .4 1 2 .5 7 1 N o t in c l u d e d in t o t a l 3 9 7 5 7 7 N o t in c l u d e d in t o t a l 6 4 ,3 5 2 ,6 2 6 + 1 8 .8 7 6 .4 6 6 ,4 2 7 + 1 3 .6 2 3 ,5 9 7 ,1 3 2 2 7 ,7 0 0 ,4 5 3 + 2 0 .9 1 3 ,6 7 3 ,1 5 2 1 6 .5 3 2 ,4 6 5 + 8 .4 8 ,1 9 7 ,8 6 8 8 ,8 8 9 ,0 7 0 + 1 8 .9 6 .0 1 4 ,8 6 1 7 .1 4 2 ,3 3 0 — 1 1 .2 6 .0 6 4 ,1 9 7 5 ,3 8 5 .6 8 5 — 1 .1 4 .0 7 1 .7 9 7 4 ,0 2 8 .1 2 2 + 1 .0 2 ,3 8 8 .4 9 8 2 . 4 1 1 .2 6 2 + 1 1 .5 1 .3 9 5 ,1 2 6 1 ,5 5 4 .8 9 5 + 4 0 .7 9 6 9 .5 9 7 1 ,3 6 4 .8 8 7 + 4 7 .6 6 3 2 ,7 6 1 9 3 4 .1 6 3 7 3 3 ,8 1 9 + 5 .8 7 7 6 ,5 4 3 + 1 1 .6 6 4 6 .1 6 3 7 2 1 ,3 7 8 — 6 .6 4 5 8 .2 5 6 4 2 8 .0 1 7 + 3 .2 4 8 4 ,5 0 3 5 0 0 ,0 0 0 + 4 0 .4 2 2 2 ,8 7 5 3 1 2 ,9 0 4 N o t in c lu d e d in t o t a l 1 ,1 3 2 ,7 4 0 T o t . o t h .W e s t . 7 8 ,6 8 2 ,1 7 4 6 9 .5 5 0 ,6 0 5 S t . L o u i s ______ . N e w O r le a n s . . _ L o u i s v i l l e ________ H o u s t o n ____ . G a lv e s t o n - - . _ R i c h m o n d ______ M e m p h i s ................ S a v a n n a h , ______ A t l a n t a __________ ______ N a s h v ille F o r t W o r t h _____ N o r f o l k __________ A u g u s t a -------------B i r m i n g h a m ____ K n o x v i l l e ___ _ J a c k s o n v i l l e ____ M o b i l e ..................... C h a tta n oog a . L it t l e R o c k ____ C h a r le s t o n ______ M i f 13 C o l u m b u s . G a ___ 4 8 ,0 7 5 .9 0 3 1 3 .6 9 2 ,9 6 4 1 1 .0 1 5 .8 0 3 9 .2 8 0 .9 0 2 4 ,8 5 0 ,0 0 0 5 .5 5 0 .0 0 0 2 .9 3 9 .1 6 2 3 .0 2 8 .3 5 7 3 .4 8 1 .6 5 2 3 .5 0 0 .0 0 0 2 .6 0 9 .6 6 1 2 .1 3 0 .1 5 2 9 4 0 .3 8 2 1 .8 8 0 ,5 3 6 1 ,1 6 1 .4 0 3 1 ,2 3 2 ,4 5 9 1 .6 2 7 .5 0 9 1 .1 9 3 ,8 3 7 1 .0 2 5 .0 0 0 9 3 8 .0 0 3 4 6 7 .3 1 1 2 1 0 .0 0 0 4 7 ,5 8 0 ,2 5 6 1 3 .6 3 5 ,4 3 4 1 0 .9 6 3 ,2 3 8 5 ,5 8 7 .1 0 7 4 .3 6 9 .0 0 0 4 .2 5 0 .0 0 0 3 ,7 7 2 ,5 1 0 3 ,0 0 5 .9 4 2 2 .7 0 2 ,5 3 1 2 .8 0 6 .2 6 9 2 .1 8 3 .1 5 4 1 .5 5 4 ,7 9 1 1 .3 8 2 .2 1 7 1 .3 3 9 .3 1 5 1 .1 4 5 ,9 4 3 1 .2 2 7 ,7 8 1 9 5 4 ,8 5 2 9 6 0 .8 7 4 8 6 0 .8 4 2 8 0 2 .6 2 6 3 4 5 .3 7 2 1 9 7 ,7 8 0 T o t a l S ou th ern 1 2 0 .8 3 0 .9 9 6 1 1 1 ,6 2 7 .8 3 4 T o t a l a l l .............. 2 ,5 7 3 .2 6 4 ,8 1 2 2 ,2 3 3 ,3 1 4 ,7 3 7 O u t s id e N . Y _ _ Canada— M o n t r e a l ........... .... 1 T o r o n t o ........... .. | W i n n i p e g ................ ! O t t a w a ................ .. | H a l i f a x ................... ............ Q uebec V a n c o u v e r . ........... I H a m i l t o n ............. .. S t . J o h n ................... 1 L o n d o n ................... V i c t o r i a ................. C a l g a r y '................... E d m o n t o n ........... T ota l Canada. 9 3 5 .0 3 3 .5 3 2 8 6 7 ,3 7 4 .0 5 9 + 1 3 .1 + 1 .0 + 0 .4 + 0 .5 + 6 6 .1 + 1 1 .0 + 3 0 .6 — 2 2 .1 + 0 .7 + 2 2 .8 + 2 4 .7 + 1 9 .5 + 3 7 .0 — 3 2 .0 + 4 0 .4 + 1.4 + 0 .4 + 7 0 .4 + 2 4 .3 + 1 9.1 + 1 6 .9 + 3 5 .3 + 6 .2 2 8 ,5 2 7 ,5 2 6 6 .4 2 0 .7 3 2 3 . 9 9 7 ,1 4 5 2 ,8 7 1 .7 4 4 3 . 4 5 4 ,8 5 5 2 ,1 8 2 .1 6 2 1 .8 2 8 .7 6 0 6 4 6 .5 0 8 5 0 0 .2 7 2 2 3 5 .2 1 5 2 4 0 .7 5 5 ,4 0 0 3 0 ,6 4 0 ,9 9 1 5 .8 9 1 ,5 8 2 4 ,0 0 0 .0 0 0 2 , 4 0 6 .6 5 3 3 , 3 3 7 .7 3 5 2 ,1 4 1 ,6 5 1 1 ,7 2 8 .0 2 2 4 0 2 .7 2 1 4 3 9 ,3 0 4 2 0 8 ,9 6 0 5 0 ,6 1 0 ,9 1 9 5 1 ,1 9 7 ,6 1 9 2 2 ,8 9 1 .1 6 3 1 3 ,9 4 9 .2 4 6 6 .3 8 7 .2 3 0 5 .5 8 9 ,3 6 9 4 ,0 1 2 .5 3 3 4 .6 8 7 .1 2 0 2 .2 0 2 .2 5 1 1 .0 5 5 .4 1 5 1 .0 2 1 .2 0 4 9 5 3 .1 4 7 6 8 1 .4 1 9 5 9 4 ,5 4 4 4 1 7 ,0 8 6 2 1 ,5 4 7 ,7 2 9 1 1 ,5 7 9 .0 1 2 6 ,9 2 5 .0 5 9 5 ,5 9 4 .6 8 5 3 ,8 2 6 ,4 3 8 4 ,1 4 0 .1 9 9 2 ,0 0 0 .1 2 7 9 9 6 ,1 8 6 5 4 7 .6 5 1 1 ,2 6 0 ,5 2 1 7 4 2 ,1 1 0 4 2 2 .1 2 7 2 2 6 ,1 0 9 1 4 9 .2 5 2 6 4 .6 6 7 .8 3 6 5 0 .2 0 6 .1 8 1 1 0 ,8 3 1 .6 3 8 9 .5 2 6 .6 9 4 4 .7 2 0 ,3 6 2 3 .4 0 4 .5 0 0 3 .5 7 3 .6 1 7 3 ,3 8 5 .6 1 5 2 .6 8 6 ,5 1 4 2 .3 3 6 .0 1 4 2 ,6 1 8 .3 1 7 1 .5 2 3 .1 8 7 1 .2 9 2 .8 3 0 8 9 6 .0 8 1 1 ,0 8 8 .3 5 7 1 .1 3 0 .6 2 6 8 5 2 .7 0 3 5 9 .7 3 1 ,8 9 6 5 1 .2 2 5 ,1 2 6 1 0 .6 8 6 .9 3 7 8 .2 4 5 .6 9 9 5 .9 1 7 .1 9 1 2 ,6 6 5 . 0 0 0 3 .5 5 5 .3 9 8 2 .4 9 5 .7 4 2 1 .9 6 3 .7 7 8 2 .1 1 8 .6 6 7 2 .0 2 5 .2 0 0 1 .3 4 0 .9 1 8 1 .3 7 8 .8 4 5 5 5 8 .0 7 1 1 .0 0 8 .9 1 4 9 5 7 ,8 2 2 6 0 8 .3 9 8 7 6 1 .6 4 3 9 2 6 .0 1 1 7 9 5 .2 2 1 2 9 2 ,1 2 3 2 1 8 .2 7 9 7 0 3 ,9 0 1 7 0 6 .9 7 6 7 2 8 .3 6 6 6 0 1 .0 0 0 9 9 .4 9 0 .0 0 8 + 8 .2 1 0 3 ,0 6 6 ,5 1 6 + 1 5 .2 1 .7 5 1 ,5 7 4 ,6 4 2 1 .9 2 2 .9 6 0 .6 2 6 7 7 7 .7 7 6 .0 4 2 7 5 9 ,4 2 8 ,2 5 0 + 7 .8 + 2 1 .8 2 3 .4 7 7 .1 13 2 8 ,5 9 3 ,0 3 7 + 1 8 .0 1 6 ,3 5 5 ,7 3 3 1 9 .3 0 4 .1 7 1 + 3 9 .3 6 ,3 6 2 .4 1 7 8 ,8 6 5 ,9 5 3 + 3 6 .7 2 .6 0 3 .7 3 5 1 .9 0 4 ,9 7 3 + 1 5 .6 2 .0 5 2 .3 7 9 1 .7 7 5 .0 0 0 + 5 .2 1 .7 3 6 .2 1 1 1 ,8 2 6 ,1 hi 1 .6 0 4 .9 2 0 + 6 7 .1 2 ,8 1 2 .2 4 7 1 ,1 3 8 .6 4 6 + 1 2 .6 1 .2 8 1 .5 0 7 1 .1 3 9 .1 5 5 ; + 1 3 . 1 1 .2 8 8 .3 7 3 + 1 9 .5 9 1 9 ,2 1 7 1 .0 9 8 .2 4 0 6 0 8 ,1 3 2 , + 3 1 . 3 7 9 8 ,2 3 4 clu ded In t o t a l 9 9 1 .6 7 8 \ o t In 7 2 6 .9 5 4 N o t in c lu d e d :ln t o t a l 5 7 ,0 8 1 ,5 1 7 ! + 2 3 . 6 7 0 ,5 2 4 .0 1 6 2 0 .0 8 9 .7 6 1 1 5 .0 0 1 ,7 7 5 5 .5 8 0 .6 8 7 2 .3 3 8 .0 4 3 1 .8 0 6 .1 2 5 1 .7 3 8 .2 6 9 1 ,3 6 6 ,7 8 0 8 9 1 .3 7 1 1 ,0 91 .4 9 8 9 4 2 .6 7 3 5 6 9 ,7 0 7 2 1 ,8 6 1 .0 2 7 1 4 ,3 8 2 .6 7 a 4 .0 1 6 ,9 6 9 2 . 0 7 3 .6 8 7 1 ,8 6 8 ,7 8 1 1 .3 8 5 ,8 2 6 1 3 2 2 .4 7 0 1 .0 7 4 .0 .x 1 .1 8 5 .6 0 ! 7 9 2 ,8 2 3 , 8 3 i ,1 8 4 5 2 .3 1 9 .0 8 9 5 9 .7 9 1 .1 1 (3 346 THE CHRONICLE. [Y ol . l x x x iii . developments do not seem likely; a further decline in values being probable unless some set-back to the An epochal point in our foreign trade situation has development of the cotton plant recurs, which for become conspicuous in the latest figures issued— those two months yet is among the possibilities. for July, made public the current week. They have been variously remarked upon, not because the ten Payments into the Sub-Treasury for the Panama dency they emphasize is noticeable for the first time Canal bonds which were awarded to subscribers July in July; the tendency has been noticeable for each of 23 have thus far amounted to $14,500,000. The the seven months since January, and we have re Secretary required that the premiums on these bonds, marked upon it heretofore. Indeed, the truth is, such aggregating about $1,200,000, should be paid promptly, a condition is a natural outcome of a boom time, but he permitted payments of the principal to be defer almost an invariable course of a cycle like that we have red , in cases where such postponement was desired, until been passing through. It usually begins with imports August 20; if further extension of time is requested by abnormally small, exports abnormally large and prices bank subscribers such requests will probably be com abnormally low. That is the character of the action plied with. This will account for the settlements for of our high tariff; which of course is a wall built to bonds not having been made soon after the securities prevent foreign products from getting into the country were awarded. The proceeds of the bonds which have to compete with our own products. As the boom been received at the New York Sub-Treasury, where progresses prices of all sorts of products advance— the bulk of the payments will be effected, have been foreign, which have been kept back by the tariff, to distributed to those of the designated depositories gether with all sorts of home-made products. This that have qualified for the reception of the public feature continues as the boom continues until more funds alloted to them, through the procurement of and more kinds of foreign productions have reached pledges therefor, such distribution being made by the a high enough figure to creep over the tariff wall. As Assistant Treasurer placing the funds with the New trade, especially of a speculative sort, is still active York correspondents of the depositories to the credit and advancing, quotations for commodities are now of the latter, and the funds may remain with such near their highest. It so happens at this time, also, correspondents, as part of the reserve of the deposi that we have been making exceptional efforts to get tories, until such time as they may be needed, when Europe’s gold when Europe has none to spare, and they will be withdrawn. It appears probable that yet we bid above the market and get it. At that con the recent derangement in local bank conditions, as junction many foreign products in demand here yield shown by the weekly statements, which have been at a trifle in price to save, the gold, and so they jump the variance with the known movements of money, has artificial barrier interposed to keep them out. No been largely due to the distribution, in the manner banker and no Treasury official engaged in securing above noted, o f the proceeds of the canal bonds for the gold against the natural current can do it, without account of the depositories. It seems likely, there disarranging in some degree foreign commodity move fore, that, until the distribution of such proceeds shall ments, and as for that domestic commodity values be entirely completed, local bank conditions will be abnormal. as well. Another condition just at this point in the move Though sight exchange fell on Monday of this ment of the cycle is likewise observable. We refer to the decline in the prices of many home commodities week to figures which seemed to make profitable im that usually hold either a foremost or more moderate ports of gold from London, none of the metal was place in our exports. All these changes are in part engaged for New York, and reports of such engage a natural development of the reaction which, for the ment were denied. It is stated that about $3,000,000 reasons stated above, has set in, but in good part of of the gold which arrived in London from South Africa the promise of large crops which is the present outlook on Monday, was bought by the branch in that city of in almost every section. We attribute the decline in the Deutsche Bank of Berlin, said to be on speculation,, part to the reaction in values of imports, because an and with the intention of holding it for sale to Ameri enlarged supply of foreign goods must affect un can bankers, when later they would probably urgently favorably the prices of any competing articles we have require it for shipment hither, unless meanwhile the for sale. It may be that Europe’s supply of bread- bank had an opportunity to dispose of the gold to stuffs may turn out very deficient and an active de other parties to advantage. The demand for the mand at high prices be the result. Or it may happen metal on Monday caused a sharp advance of one that Europe’s spinning demand for cotton may con penny in the price of gold bars in London , to 77 shillings tinue to develop as in the past two years. In recent 1034 pence per ounce, and it is reported that the Berlin weeks prices in our cotton goods market have been bank paid even a higher figure for the metal. The constantly rising. That, though, is believed to be a advance in the price made a new gold-import point of temporary condition. The explanation is probably about 4 8465 for sight sterling, and if the above figures the unusual curtailment of production in past months. for gold shall be maintained, it seems likely that im All through the year spinners in a wide district in the ports of bars from London will not be effected until North have been running only to supply actual wants, sight exchange shall decline so as to afford a reasonable and now it is said that the normal demand for present profit on the operation. There is a possibility that if wants and future needs cannot be kept up with, be the local monetary conditions should become tense or if cause of a scarcity of labor. The more complete a situation should otherwise develop which Secretary opening of Manchuria to the world’s trade may be Shaw should think justified his doing something for an incident of a nature to infuse new life into the the relief of the market, he would resort to the device spinning industry everywhere. But just now these of making advances to importers to enable them tm T H E F IN A N C IA L S IT U A T IO N . A ug . IS 1906.J THE CHRONICLE. eliminate the time-cost of importations as he did last April; it is stated, however, that he has nQ present inten tion of intervening. If he resorts to that device, we are inclined to think its action on the movement of the metal to the United States would be much less effective. One incident of the week was the purchase by the Director of the Mint of 50,000 ounces of silver bullion for coinage into subsidiary pieces, and it is announced that it is the intention of the Government to buy weekly 100,000 ounces of such bullion for this purpose until a sufficient amount has been procured to satisfy the demand for subsidiary coinage. This is the first time since 1893 that the Government has bought silver bullion in the market, the requirements for subsidiary coinage having been met by using the balance of the metal which was bought under the Act of 1890, and that was directed to be so used by the Act of 1900. In the absence of specific appropria tion for the purchase of silver, after the stock accumu lated under the Act of 1890 had been exhausted, the Secretary of the Treasury recently decided to pay for such purchases out of the seignoirage fund, he being advised by the Attorney-General that such a course was permissible. The price paid for the metal pur chased this week was 66.62 cents per ounce. The unsteady, unreflecting state of the public mind was never so faithfully illustrated as by the Brooklyn Rapid Transit incident of the current week. The affair, from first to last, was but a trifle-—a word spoken, and our entire sister borough was made to wear the appearance of being”aflame. Judge Gaynor, in delivering an opinion and making a decision in a wholly disconnected affair in which the Transit Com pany was not a party, unwisely stated as a personal opinion that the Brooklyn Rapid Transit Company had no right to charge double fare (that is, 10 cents), going to Coney Island from New York. Having ex pressed that opinion late on a Saturday afternoon the Judge went to his country home for rest. As soon as he could be reached, which, strangely enough, took between two and three days, the Judge declared that his remark had no effect whatever on the right of the Transit Company to charge 10 cents. “ As the law stands at present,’' he is reported to have said, “ the company is acting legally in insisting on a 10-cent fare.” Out of such facts as these, and between these two appearances of Judge Gaynor, a mob spirit took possession of the railroad and of the district which it covers, the battle cry being that the Transit Company was robbing the poor people. Even the President of the Borough of Brooklyn is reported to have said: "A nybody that pays the extra fare isn’ t half a man.” After this mob spirit ha l ruled two or three days in a shape that would have been roughly spoken of had it occurred in any Southern city, the affair subsided. The overshadowing event of the week in its influ ence upon affairs has been the action of the boards of directors of the Union Pacific and Southern Pacific companies in the matter of the dividends upon their common shares. The declaration in the case of the Southern Pacific Company is about what had been foreshadowed, a semi-annual dividend of 2 be ing announced. But the increase made in the divi dend on Union Pacific common far surpasses the most 347 sanguine anticipations. The common stock is placed upon a dividend basis of 10% per annum. The most that had been looked for was an increase to 7 % , the common shares having previously been upon a 6 % basis— that is, the last semi-annual payment (in April) having been 3 % . The management has been very conservative in the matter of these dividend pay ments. Up to October last year only 4 % per annum had been distributed on the common shares, notwith standing the company’s enormous earnings. Then an increase in the semi-annual payment from 2 to 2J^% was made; this was followed by an increase in April the present year in the semi-annual payment to 3% . Now the company declares a regular semi-annual divi dend of 5 % , of which, as we understand it, 3% comes out of earnings and 2% out of income from investments. But the action as regards the dividends in this case is no more noteworthy than the company’s income statement for the twelye months, which is favorable in the highest degree. The Union Pacific Company has for many years been presenting a very striking record in this respect and in the late twelve months this marvelous record was carried a step fur ther. Gross receipts from transportation were further increased in the amount of about 8 million dollars (from $59,324,948 to $67,281,543) and net earnings in amount of 3 million dollars, the total in this last instance rising from $27,462,234 to $30,317,770. There was also a further increase of 1 1-3 million dol lars in the miscellaneous income, while fixed charges were reduced by about 2% million dollars, owing to the exchange of the convertible bonds into stock. Al together the result is a balance for the common stock on the operations of the twelve months over and above the fixed charges and the 4 % dividends on the pre ferred stock in the extraordinary amount of $25,219,813, as against a balance of only $18,803,151 for the preceding fiscal year. The $25,219,813 is equal to about 13% on the $195,495,900 of common stock outstanding at the present tim e. It follows, therefore, that even after allowing for the 8% on the common stock which will come out of the year’s earnings (3% last April plus the 5% now declared), a surplus will remain on the operations of the twelve months of about $9,500,000. Furthermore, this is after including in the expenses the sum of $2,206,610 as a credit to the reserve fund for betterments, equipment and general and extraordinary repairs. It is stated that the total credit to this reserve fund as of June 30 1906 will be about $7,900,000. The income statement of the Southern Pacific is no less remarkable. In the case of this company there has been a further increase of over 10 million dollars in the gross receipts from transportation, bringing the total up to the large sum of $105,619,114 (which has few parallels among the railroads of the United States), while the net earnings have been increased from $29,541,722 in 1904-05 to $35,032,464 in 1905-06. The balance remaining above the fixed charges and the 7% dividends on the preferred stock is $18,790,834, this comparing with $11,317,469, the balance for the preceding year. The full 5% dividends on the $197,849,258 of Southern Pacific common stock outstanding would require $9,892,463, or hardly much more than i half the $18,790,834 balance for the year, while the - A % semi-annual dividend just declared will take only I $4,946,231, 2 f t is to be addedjthatjthe]balance shown 348 THE CHRONICLE. for the twelve months is after including in expenses the sum of $2,117,286 as a credit to the reserve fund for betterments, equipment and extraordinary repairs. The total credit to the reserve fund as of Jun£ 30 1906 will be in this instance $4,200,000. The present is the first dividend ever declared on Southern Pacific common stock. In all the previous years the whole of the large surplus earnings remaining have been em ployed in strengthening the physical and financial standing of the property, thereby bringing it up to its present assured position. Such figures as the foregoing obviously indicate marvelous prosperity and the only thing for the pru dent investor to consider is whether this record can be maintained in the future under adverse legislation, State and national. Fortunately there is the assur ance of another season of bounteous harvests. The record of prosperous results is not confined to the Pacific roads. The Central of Georgia has this week presented an income exhibit which in its way is quite as noteworthy as the brilliant showing made by the Union Pacific and the Southern Pacific, though obvi ously we do not deal with figures of such large magni tude. The Central of Georgia, it may be recalled, was at one time one of the staunchest railroad proper ties in the South and had a dividend record extending back for a long period of years. Then it fell upon bad times and had to be reorganized. Its future seemed to be completely gone. But careful, efficient management has brought it around again all right, and now it is enjoying a new lease of prosperity. In reviewing the report for the preceding year we noted that the road had reached the position where for the first time it was able to pay the full 5% interest on the whole of the three classes of income bonds, the first preferred incomes, the second preferred incomes and the third preferred incomes. This achievement was repeated in the year just passed and greatly im proved upon. In other words, there was a further increase of $1,261,068 in’ the gross earnings and a further increase of $470,078 in the net income. There is actually a surplus of $500,671 over and above the obligatory charges and the requirements for the three classes of incomes, this comparing with a surplus for the twelve months preceding of only $104,517. As the Central of Georgia has only $5,000,000 stock the $506,671 surplus is equal to 10% upon the same. The outlook for the new or current fiscal year also appears to be quite good. The cotton crop, as far as can be judged thus early in the season, promises to be larger than that of last season, while general trade seems likely to go on developing. We also note a statement in the report that during the last fiscal year there were established on or adjacent to the lines of the company 194 new industries, repre senting 29 classes, with a capital of $6,506,880 and employing 7,108 hands. Among the other important events this week have been the steps taken by both the Chicago Milwaukee & St. Paul B y. and the Chicago & North Western B y. to increase their share capital. In that action we have presented to us the other aspect of the railroad question, namely the constant need of new capital outlays for the purpose of providing the facilities to handle the ever-increasing business of the roads and [V O L. LXXXT1I. also for the purpose of building feeders, branches and extensions. Enormous amounts of money are taken each year out of earnings to meet the need for funds in this way, but that still leaves other enormous amounts to be raised through new capital issues— either stocks or bonds. Besides this, the Milwaukee & St. Paul has undertaken to build an extension to the Pacific Coast. In the case of the Chicago & North Western notice is given that stockholders are to be asked in October to authorize an increase in the capital stock by an amount of common stock sufficient to make the aggregate capital $200,000,000 and to empower the board of directors to issue such com mon stock from time to time for any purpose allowed by law in such amounts as the directors may deter mine. The company at present has less than 100 millions of stock out ($75,217,300 common and $22,395,120 preferred) and hence the proposed in crease will mean the ultimate doubling of the capital. How much of the proposed new stock it is intended to issue immediately and for what purpose— on these points no knowledge is available. We may be cer tain, however, that valuable “ rights” will accrue to the shareholders in connection with the new issues when and as made. As far as the Milwaukee & St. Paul Co. is concerned, it is offering its shareholders new common stock at par to the extent of 23% of their holdings— stock which is now selling in the market at 188. In 1902 authority was given the directors to issue $25,000,000 of new common stock and this new stock has never been put out. The 23% of additional stock to be allotted the shareholders will call for nearly the whole of the $25,000,000. The proceeds will supply the company with part of the money needed to build its Pacific Coast extension. ■ There was no change in official rates of discount by any of the European banks this week; compared with last week unofficial or open market rates were un changed at London and at Paris and they were }/ of % 1% higher at Berlin and Frankfort. The striking feature of the statement of the New York Associated Banks last week was the decrease of $9,274,900 in cash-—a much larger sum than was estimated. The deposits fell off $13,695,000 and consequently the required reserve was reduced by $3,423,750, so that the surplus decreased $5,851,150, to $8,271,525; loans were contracted $4,723,400. The bank statement of this week should reflect, among other items, the trans fer hence to St. Louis of $250,000 and hither from San Francisco of $2,310,000, the latter representing Aus tralian gold which arrived at that port on Wednesday. The market for money was sentimentally influenced on Monday by a report from London of the purchase of $2,500,000 gold for shipment to New York, which import was assumed to be the beginning of a move ment of gold in some volume that would contribute to easier rates for money. Though the report of the engagement of the gold was subsequently denied, the contradiction had very little effect upon the market, for exchange continued to rule low and it was regarded as probable that gold imports would soon be effected. The business in the stock market was largely profes sional and consequently there were quite liberal offerings of call money from commission houses, thus meeting current demands. Time contracts were, A u g . IS 1906. J THE CHRONICLE. however, firm, the earlier maturities being in the begin ning of the active crop-moving season, and over the year money was in good request, not only for stock exchange purposes but for corporations. The demand for ninety day and for six months’ money was partly supplied by foreign bankers through finance bills and sterling and franc loans against stock collateral. Money on call, representing bankers’ balances, loaned on the Stock Exchange during the week at 4M % and at 2 % , averaging about 3 ^ % ; banks and trust companies loaned at 2 % % as the minimum. On Monday loans were at 4 and at 2 % with the bulk of the business at 4 % . On Tuesday transactions were at 4% and at with the majority at 33^%. On Wednesday loans were at 4% and at 3% with the bulk of the business at 3 ^ % . On Thursday transac tions were at S % % and at 3% with the majority at 3H % - On Friday loans were at 4 % and at 3 H % with the bulk of the business at S y % . Time con tracts on good mixed Stock Exchange collateral were 43^@5% for sixty and 534@53^% for ninety days, 5y2@ 5 H % f° r four and 5 % @ 6 % for five to six months. Commercial paper remains quiet and busi ness is chiefly confined to Eastern banks. Quotations are 534 @ 6 % for sixty to ninety day endorsed bills receivable, 534 @ 6 % for prime and 6% and above for good four to six months’ single names. The Bank of England rate of discount remains un changed at 334%- The cable reports discounts of sixty to ninety day bank bills in London at 334 @ 3 H % The open market rate at Paris is 234% and at Berlin and Frankfort it is 3% % . According to our special cable from London, the Bank of England gained £720,806 bullion during the week and held £37,033,197 at the close of the week. Our correspondent further advises us that the gain was due in about equal measure to imports, purchases in the open market and receipts from the interior of Great Britain. The details of the movement into and out of the Bank were as follows: Imports, £466,000 (of which £250,000 from India, £6,000 from France and £210,000 bought in the open market); exports, £26,000 to South America, and receipts of £281,000 net from the in terior of Great Britain. 349 months periods encouraged negotiations in all forms of loan bills. On Monday the market was weak, in fluenced by the above-noted advance in the price of gold in London and also by free offerings of bankers’ and of commercial bills. On the following day there was a feeble rally caused in part by the denial of the report of gold engagements and also by a demand for remittance. On Wednesday the inquiry was light and rates fell off, but the tone was steadier on Thurs day and thereafter. The failure of American bankers to procure any of the gold which arrived in London on Monday attracted attention. It was attributed to an indisposition to pay the high price demanded for the metal, and it was said that intending importers preferred to await the development of conditions resulting from the crop export movement which would justify them in com peting with other buyers for the gold. Moreover, it was said that French bankers were willing to supply American coin to the correspondents of New York importers on terms more favorable than those offered in London; if this statement is true, possibly the sub stitution of coin for bars, when future shipments are attempted, may cause a recession in the price for bars. Another reason assigned for deferring purchases of gold for import hither is that, because of the possi bility of Treasury intervention in extending facilities for gold imports, there is an element of risk injected into the importation operation which bankers, who do not possess facilities for employing Treasury advances, such as those that are enjoyed by banks having for eign exchange departments, are reluctant to assume. There was an arrival at San Francisco on Wednesday of $2,500,000 gold from Australia and $2,310,000 of this consignment was transferred hither through the Treasury. This gold, it may be noted, was imported as an exchange operation without Treasury aid. Nominal quotations for sterling exchange are 4 8234 for sixty day and 4 8534 for sight. The market was easy on Saturday of last week and, compared with the previous day, rates fell 10 points for long to 4 82@ 4 8210 and 5 points for short and cables to 48480 @ 4 8485 for the former and to 4 8520@4 8530 for the latter. On Monday long declined 15 points to 4 8190 @ 4 8195, short 10 points to 4 8470@4 8475 and ca bles 5 points to 4 8520 @ 4 8525. On Tuesday long recovered 5 points to 4 8195@4 82, short 10 points to 4 8475@4 8785 and cables 5 points to 4 8525@4 8530. On Wednesday there was a fall of 5 points all around— long .to 4 8190@4 8195, short to 4 8470@4 8480 and cables to 4 8520 @ 4 8530. On Thursday long rose 5 points to 4 8190@4 82, short fell 5 points to 4 8470 @ 4 8475 and cables 5 points to 4 8515 @ 4 8525. The market was steady on Friday at a recovery of 10 points for long and of 5 points for short and cables. The following shows daily posted rates for sterling exchange by some of the leading drawers: The foreign exchange market has been only mod erately active this week, with a declining tendency, due chiefly to a light demand for remittance, to specu lative selling and to offerings of finance bills and of sterling and franc loan drafts. The rise of one penny per ounce in bar gold at London to 77 shillings 1034 pence on Monday, as the result of bidding for the metal which arrived at that centre from South Africa, made a new gold-import point, which was maintained there after, and, as is often the case when extreme rates for exchange are recorded, business became dull and con fined to over-the-counter operations. An advance in F ri., M on., Tuns., W ed . , Aug. 10 Aug. 13 Aug. 14 Aug. 15 exchange at London on Paris early in the week had I B row n 160 d ays 4 83 83 8 2)4 8 2)4 some influence upon the market, especially for francs, B ros. & C o ............ ...1 S ig h t .. 4 86 . 86 8 5)4 85 )4 B aring (6 0 d ays 4 8 3)4 83 8 2)4 8 2)4 as also did the easy tone for discounts in London for 4 C o . ..................... 86 4 8 6)4 85 'A 85)4 B ank B ritish 160 d ays 4 83 83 83 8 2)4 N o rth A m e r ic a .. ..1 .S ig h t .. 4 86 long sterling. Bankers seemed to be confident of 86 86 8 5)4 B ank o f / 60 d ays 4 83 83 8 2)4 8 2)4 M on treal................. 4 86 86 85)4 85)4 lower rates as the result of the season’s export move Canadian B ank 160 d ays 4 83 83 83 82)4 f C om m Si t .. 86 86 85)4 ment of cotton and grain, which was expected to be IBoIdclbach, erce____ ..1 160gdhays 4 86 Ick el82)4 4 83 83 82)4 helm 4 86 85)4 85 )4 large, and they were disposed to anticipate such move Lazard er A C o .......... JGO d ays 4 86 83 82 )4 83 82)4 Freres ..................... 14 86 86 85 )4 85)4 ment by operations in futures and by speculative sell M erchants' B ank 82)4 160 d ays 4 83 83 82)4 o f C anad a________ S i g h t .. 4 86 8 5)4 86 8 5)4 ing. Firm rates for money for the three and six Thurs.. F ri., Aug. 16 Aug. 17 82)4 8 5)4 8 2)4 85)4 82)4 85)4 82)4 85)4 82 'A 8 5)4 82)4 85)4 82)4 85)4 82)4 8 5)4 8 2)4 8 5 )4 82)4 85 14 82)4 8 5)4 8 2)4 8 5)4 8 2)4 8 5 '4 82)4 8 5)4 82)4 85)4 82)4 8 5 )4 350 THE CHRONICLE. [V O L . L X X X III. perpetrate with impunity acts of insolence or tyranny for which it does not fear the rebuke of Imperial authorities, who themselves are cowed into acquies cence. While these distinct sensational incidents are occur ring, there continues behind them the dark background of murder, rapine and pillage throughout the provin The following gives the week’s movement of money ces. What seem to be evidences of an organized cam paign for the assassination of Government officers and to and from the interior by the New York banks: police have developed in the most startling form this N et Interior Shipped by Received bu Movement. N . Y . Banks. N . Y . Banks. week. As yet it would seem that the cities have re Week ending Aug. 17 1 9 0 6 . $ 9 ,4 1 0 ,0 0 0 L o s s $ 4 ,1 1 8 ,0 0 0 $ 5 ,2 9 2 ,0 0 0 C u r r e n c y ......... .............- ............................ .. mained fairly free from this outburst of utter anarchy; 1 , 2 0 7 ,0 0 0 2 ,0 1 6 , 0 0 0 L o s s 8 0 9 ,0 0 0 G o ld but it would not be safe to imagine that even their $ 1 1 ,4 2 6 ,0 0 0 L o s s $ 5 ,3 2 5 ,0 0 0 $ 6 ,1 0 1 ,0 0 0 T o t a l g o l d a n d le g a l t e n d e r s _______ immunity can be perpetual. In other words, events W ith the Sub-Treasury operations the result is as are drifting with great rapidity to a state of things where some new step must be taken by the Czar him follows: self. The proposition, mooted a month ago, that the Net Change in Into Out o ) Bank Holdings. Banks. Banks. Week ending Aug. 17 1 9 0 6 . Czar might establish under his own nominal super $ 1 1 ,4 2 6 ,0 0 0 L o s s $ 5 ,3 2 5 ,0 0 0 B a n k s ’ in te r io r m o v e m e n t as a b o v e . $ 6 ,1 0 1 ,0 0 0 vision a military dictatorship, whereby some vigorous 1 ,5 0 0 ,0 0 0 3 0 ,5 5 0 ,0 0 0 G a in S u b -T r e a s. o p e r . a n d g o ld im p o r t s .. 3 2 ,0 5 0 ,0 0 0 general might exercise over Russia the kind of control $ 3 8 ,1 5 1 ,0 0 0 $ 4 1 ,9 7 6 ,0 0 0 L o s s $ 3 ,8 2 5 ,0 0 0 T o t a l g o l d a n d le g a l t e n d e r s ______ that Trepoff has exercised over St. Petersburg itself, is already a manifest impossibility. The man sug The following indicates the amount of bullion in the gested for this office was the very man on whom his principal European banks: own soldiers lately fired. Within the short four weeks Aug. 16 1 9 0 6 . Aug. 1 7 1 9 0 5 . since the Czar dismissed the Duma and carried his coup Bank of Silver. 1 1 Silver. j Total. \ Gold. Total. Gold. d’etat to seeming success, it has been proved conclus £ £ £ £ £,3 0 3 __________ 3 6 ,5 £9 ,3 0 3 ively that repression has only succeeded in making a 7 ; 3 7 ,0 3 3 ,1 9 7 3 6 ,5 7 9 E n g l a n d . . 3 7 ,0 3 3 ,1 9 7 F r a n c e ___ 1 1 6 ,6 6 3 ,4 5 3 4 2 ,5 5 6 ,9 0 1 1 5 9 ,2 2 0 ,3 5 4 1 1 8 ,4 5 5 ,6 1 2 4 4 ,3 3 2 ,6 7 1 1 6 2 ,7 8 8 ,2 8 3 bad matter infinitely worse. The Stolypin Ministry has G e r m a n y a 5 4 .5 8 0 .0 0 0 1 1 .5 2 6 .0 0 0 4 6 .1 0 6 .0 0 0 3 6 .1 3 0 .0 0 0 1 2 ,0 4 4 ,0 0 0 | 4 8 ,1 7 4 ,0 0 0 R u s s i a . . . 1 1 0 ,6 8 3 ,0 0 0 5 . 8 8 9 .0 0 0 1 1 8 .8 9 7 .0 0 0 5 ,9 3 4 ,0 0 0 1 1 6 ,6 1 7 ,0 0 0 1 1 3 ,0 0 8 ,0 0 0 A u s .- H u n b 4 6 .8 9 1 .0 0 0 1 2 .3 5 9 .0 0 0 5 9 .2 5 0 .0 0 0 4 6 .8 2 4 .0 0 0 1 2 .6 8 9 .0 0 0 5 9 ,5 1 3 ,0 0 0 failed and should go speedily out of office, if the rule S p a i n ------1 5 .2 0 9 .0 0 0 2 4 .6 2 6 .0 0 0 3 9 .8 3 5 .0 0 0 1 4 ,9 0 1 ,0 0 0 : 2 2 .3 1 9 .0 0 0 3 7 ,2 2 0 ,0 0 0 I t a l y ______ 2 9 .7 1 2 .0 0 0 3 ,3 0 6 ,7 0 0 2 7 ,8 2 7 ,7 0 0 3 , 8 8 7 ,8 0 0 3 3 ,5 9 9 ,8 0 0 2 4 ,5 2 1 ,0 0 0 ! and precedent even of other autocratic governments 6 . 1 9 2 .0 0 0 1 2 ,7 0 4 ,4 0 0 N e t h ’ la n d s 5 ,7 2 8 ,1 0 0 1 1 ,2 4 7 ,1 0 0 5 .5 1 9 .0 0 0 6 ,5 1 2 ,4 0 0 N a t .B e l g .a 1 .5 7 5 .0 0 0 4 ,7 2 5 ,0 0 0 1 ,5 9 0 ,6 6 7 3 ,1 8 1 ,3 3 3 3 ,1 5 0 ,0 0 0 | 4 .7 7 2 .0 0 0 are any guide. 3 .8 7 8 .0 0 0 S w eden . . __________ 3 ,5 8 5 ,0 0 0 3 .8 7 8 .0 0 0 3 ,5 8 5 ,0 0 0 : As to what will follow, that is a question to which T o t . w e e k 4 0 3 , 3 4 9 ,9 8 3 | l0 8 ,2 0 8 ,4 6 8 5 1 1 ,5 5 8 ,4 5 1 4 0 3 ,6 6 6 ,3 1 5 1 0 8 ,3 4 7 ,3 7 l| 5 1 2 ,0 1 3 ,6 8 6 P r e v .w e e k 4 0 0 , 5 9 9 ,5 5 8 1 0 8 ,0 7 2 ,0 4 9 5 0 8 ,6 7 1 ,6 0 7 4 0 2 ,7 0 6 ,7 8 9 1 0 8 ,3 1 6 ,358|511 ,0 2 3 ,1 4 7 a dozen answers may be given, and to which, perhaps, we shall some day suddenly read the solution in our morning paper. All of the best authorities, Russian W H AT NEXT IN RUSSIA? and foreign, who have written regarding the grave The developments of the present week in the Rus situation of the hour, have stopped on reaching this sian situation certainly denote a state of things point of the inquiry, and have frankly professed them which cannot continue much longer without some selves unable to say what the next act in this extra new and radical action. To say that the country is ordinary drama is to be. To one fact, however, the drifting into anarchy would only be to repeat what recent course of events is pointing with unerringhas been said often enough before, and without any certainty. The Czar must again convene a Duma at positive conclusion which one could draw from it. the earliest possible date, and must, in so far as such The past week has, however, brought into the fore a thing is possible, undo the mischief of his own violent ground some new and very formidable elements. dissolution of the Duma convened last May. The The audacious action of regiments under review of present difficulty of the situation lies largely in the the Grand Duke Nicholas, in deliberately discharging fact that most Russians look upon that dismissal of ball cartridges in the direction of the Imperial party, the Duma as removing every evidence of good faith is in some respects a plainer indication of the state from the Czar’s pledge to call another Duma in March of feeling in the army even than were the mutinies of 1907. As in 1904 and 1905, the attitude of the at Sveaborg and Cronstadt. Whether the soldiers Russian people now is that they must have more than did or did not mean to kill their Imperial general, promises. It is true that the question, what attitude an attitude of defiance and terrorism was about as the new Duma could be counted on to assume in rela plainly manifested by their action as it could possibly tion to the Czar and the land reforms, is wholly ob have been displayed. Along with this remarkable scure, and must be left for the future to disclose. One incident must be placed the shocking episode in the would imagine, if precedents of other parliamentary present week, when a respectable woman was seized governments have any force whatever, that the next by a regiment marching through the St. Petersburg Duma, unless elections were actually supervised by streets, taken into custody because of a slighting com bayonets, would be far more radical, and far less in ment made by her on them,'and, according to what clined to compromise, than was the one which the Czar seemed to be authentic accounts, publicly scourged, has just dissolved. Yet in this new Duma must rest the future fortunes without even reference to the police, under orders from the regiment’s officers. Such an incident as of the Russian people. Whether the court party at this would appear to indicate a new unpleasant possi St. Petersburg understands this fact or not, it is bility— namely, that the Russian army, feeling itself understood everywhere else in Europe. The aston to be at the moment the single prop for the tottering ishment which first greeted Sir Henry CampbellRussian throne, may be on the eve of assuming to Bannerman’s undiplomatic remark of “ The Duma is The market closed on Friday at 4 82 @ 4 8210 for long, 4 8475©4 8480 for short and 4 8520@4 8525 for cables. Commercial on banks 4 8165@4 8175 and documents for payment 4 81 @ 4 82^8 ■ Cotton for payment 4 81@ 4 8 1 ^ , cotton for acceptance 4 8165@ 4 8175 and grain for payment 4 82@ 4 8 2 . AUG. 18 1906.] THE CHRONICLE. 351 a year ago (July 1 1905) they were only $1,252,928,300, and in 1904 they were $1,166,091,444. Thus in two years there has been an addition to these deposits in amount of over 169 million dollars. The only basis for imagining that the land speculation is making in roads upon savings funds is the fact that the increase in deposits for 1906 is not quite as large as for 1905, the addition during the last twelve months having been $82,164,753, as against $86,836,856 the previous twelve months. This comparativel)'’ small diminution in growth, it will be recognized, furnishes only a slen der foundation upon which to rest a theory of that |kind, especially as it is not difficult to enumerate other causes that must have operated to tempt some of the depositors away from the savings institutions. It is well enough to recall that savings institutions are no longer repositories exclusively for the accumu lations of the poor. These institutions are also used to a considerable extent by the well-to-do classes and even by the moderately wealthy. Not a few of these latter hold accounts in many different banks, be ing careful not to exceed the limit of $3,000 in any one institution, since on any excess beyond that figure they would have to forego all allowance of interest. In the case of depositors of that kind, it is easy to see that conditions might at times be such as strongly to in cline such depositors to draw their money out in order to find more profitable employment for it in other di rections. With that fact in mind, remember that in recent periods money has been appreciating in value. We mean by this that it has acquired a higher loanable value, inasmuch as it is possible to obtain a larger rate of interest for its use. Such a state of things obviously multiplies the opportunities for investment at better interest returns than can be obtained from the savings banks. It is true the bulk of the depositors is not of a class that would be cognizant of such opportunities or inclined to avail of them even if they were. But to the extent to which the institutions are used by persons of more than ordinary means, the deposits of the savings banks would undoubtedly be adversely affected by the appreciation in the value of money re ferred to. As is known, there has been a very active SAVINGS DEPOSITS A N D L A N D SPECULATION. demand for capital to employ in business enterprises— The receipt of the detailed statement of the condi the country as a whole enjoying a degree of activity tion of the savings banks of New York State for July 1 and prosperity in its industrial interests never pre 1906 permits a closer study and examination of the viously attained. More important still, practically results than was possible ten days ago, when the bare all grades of securities can be bought at figures to yield totals were announced. The chief feature of these re a much higher interest rate than one or two years turns is still the same as on previous occasions, namely back. This is true of real estate mortgages, it is true the record is one of continuous and large growth. of municipal obligations and it is likewise true of rail There has, however, been more or less discussion in road and industrial securities. the newspapers as to whether the influence of the real The closing out recently of a number of bond syn estate and land speculation, which is so palpably in dicates at a loss, because high-grade bond issues could evidence here as elsewhere in the country, may not be not be placed at low rates of interest, indicates clearly traced in these figures. In other words, the sugges the drift of things; and the decline in the whole range tion is that the growth in deposits would have been of bond issues— decline in this case meaning that even more marked except for the diversion of savings j the purchasers will get a higher interest return on into those channels. We are glad to be able to state their investment— is evidence of the same kind and to that analysis of the returns affords little ground for i the same effect. The advance in the interest rate on apprehensions on that score. choice real estate mortgages indicates the presence of - J?regate resources of the savings banks of the i the same all-pervading influence. Four per cent was ‘^S whole State are fast approaching the billion mark, a quite common rate at one time for the best of these being reported for July 11906 at §1,444,444,492. It is ! mortgages in this city, but where can you find any one only six years since the total first passed the billion j willing to take a 4% mortgage now? Even 4J^% mark The deposits now (July 1) are $1,335,093,053; I mortgages are getting decidedly rare and 5% has dead; long live the Duma! ” has now changed to undoubtedly general approval of his view of the case as both shrewd and timely. Whoever doubts this fact might profitably be referred to the very remark able action of the public men of France, whose signed address to the Russian citizens , a few days ago ,' ended with this unusual paragraph: “ History teaches us that a representative govern ment and individual liberty are the only certain means on which a nation can found progress and prosperity. As the friends of Russia we watched with profound interest the creation of the Russian Parliament and its struggle for existence. The triumph of liberty in Russia, which we hope is near, will permit the Russian and French people loyally to support the FrancoRussian alliance upon the basis of common ideals and interests. “ The Russian Parliament is dead; long live the Russian Parliament!” This seems to us to be the voice of intelligent opinion throughout the world. The one distinct conclusion from the course of events since the Duma was dis missed is that the Czar and the Court Party are not able to govern Russia. The most tyrannical govern ment has some excuse for existence, if it can govern, and a part at least of the outside world believed that the need for assertion of such power justified the Czar’s dismissal of his Parliament. But the experiment, from that point of view, is already a total failure. The Czar can neither control his people through a Reactionary Ministry , nor can he obtain the co operation of Liberal statesmen. What could be done by forming another Ministry, openly headed and con trolled by the constitutional Democrats of the recent Duma, is perhaps an open question. But it is highly improbable that even this recourse would suffice, unless with a popular legislature again in session. Meantime the epidemic of bomb-throwing— one hears now even of children engaging in that occupation—is merely the culmination of a. general dissolution of the country’s social and political system. No such phe nomenon can be dealt with by the old methods, which were themselves the cause of this national upheaval. become a quite usual rate. It is the same with munici pal securities. New York City has had to raise the interest on its new bond issues from 3E j% to 4 % and Boston and other municipalities have been obliged to take a like step. In contra-distinction, savings de positors in most cases get only 3j/£% interest and in no instance is the rate higher than 4 % . It seems to us that these are all circumstances to be reckoned with in considering the influences affecting savings deposits, and, we should judge, they might easily be paramount in importance to the part played b y the land speculation in controlling results. In fact, Superintendent Kilburn, in his report last Feb ruary, stated it was known that large deposits in con siderable numbers had been withdrawn on this ground— that is, because at the prices at which safe bonds have been selling they are yielding incomes above the prevalent savings bank interest rate. On the other hand, it cannot be gainsaid that there is something alluring about land investments which might make the employment of money in that way attractive to persons of very moderate means— per sons who have been in the habit of patronizing savings institutions. The basis of the speculation here seems to be somewhat different from that in other sections. The building of subways, tunnels and bridges is bring ing the remoter suburbs in closer connection with the business and manufacturing districts of the city, and naturally this gives added value to land in these suburbs. And a “ boom ” in one suburb naturally tends to raise values in other suburbs somewhat more remote, and so the movement goes on. If one were to judge by the advertisements appearing in the daily papers, and particularly the Sunday editions of such papers, one would have to conclude that lots all over Long Island are soon to have the value of property on Manhattan Island. Very tempting terms, too, are offered to persons of moderate means. Only a trifling amount of cash is required, payment of the remainder being distributed in fixed annual or semi-annual instalments over a term of years. What more natural than for the wage-earner to use his small yearly savings in making purchases of this kind with the prospect of a great rise (as supposed) in the value of the land later on, rather than in adding to his hoard in the savings banks. And yet, as we see, the July 1 figures of savings deposits do not warrant the conclusion that the practice of doing this has been developed to any very great extent. To show the course of the savings deposits during the last twelve years, we present the following table: S A V IN G S B A N K S OF N E W T otal resou rces. J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly [ V OL. LXXXIII. THE CHRONICLE 352 1 1 9 0 6 __________ 1 , 4 4 4 , 4 4 4 ,4 9 2 1 1 9 0 5 __________ 1 , 3 6 7 , 6 9 2 ,5 9 5 1 1 9 0 4 __________ 1 , 2 7 5 , 1 8 9 ,1 6 8 1 1 9 0 3 ______ _ _ - 1 , 2 2 1 , 4 2 5 , 0 0 2 1 1 9 0 2 ______ _ _ _ 1 ,1 6 7 , 6 8 3 ,3 3 7 1 1 9 0 1 __________ 1 ,1 0 5 , 0 7 6 ,7 6 4 1 1 9 0 0 __________ 1 , 0 3 7 , 8 6 9 ,1 6 0 1 1 8 9 9 --------------9 6 8 , 9 7 8 ,1 6 7 1 1 8 9 8 _________ 8 8 9 , 2 5 0 ,3 1 7 1 1 8 9 7 __________ 8 3 9 , 6 7 1 ,9 0 0 8 0 6 , 7 5 1 ,4 2 7 1 1 8 9 6 _________ 1 1 8 9 5 __________ 7 6 2 ,5 1 1 ,2 3 0 1 1 8 9 4 __________ 7 2 1 ,5 4 7 ,8 9 2 .Y O R K S T A T E . T otal deposits. 1 ,3 3 5 ,0 9 3 ,0 5 3 1 , 2 5 2 ,9 2 8 ,3 0 0 1 ,1 6 6 ,0 9 1 ,4 4 4 1 ,1 1 2 ,4 1 8 ,5 5 2 1 ,0 5 1 ,6 8 9 ,1 8 6 9 8 7 ,6 2 1 ,8 0 8 9 2 2 ,0 8 1 ,5 9 6 8 5 8 ,4 4 3 ,2 7 7 7 8 7 ,2 1 2 ,4 7 6 7 4 1 ,4 7 4 ,8 4 5 7 1 5 ,0 8 2 ,8 9 9 6 6 9 ,2 6 6 ,0 1 6 6 3 0 ,9 4 4 ,1 4 9 In terest credN o . o f ited and pa id accounts, during yea r. 2 , 6 3 7 ,2 3 5 2 , 5 1 3 .5 7 0 2 , 4 0 6 ,6 6 0 2 ,3 2 7 ,8 1 2 2 ,2 2 9 ,6 6 1 2 ,1 2 9 ,7 9 0 2 ,0 3 6 ,0 1 6 1 9 3 0 ,8 4 9 1 ,8 2 3 ,6 2 7 1 ,7 6 8 ,4 1 5 1 ,7 3 2 ,3 8 2 1 ,6 5 4 ,4 2 7 1 ,6 0 3 ,5 3 3 4 4 , 7 2 5 ,7 6 0 4 1 ,7 4 8 ,4 4 5 3 8 ,0 7 6 ,1 6 8 3 5 ,9 4 2 ,1 6 7 3 4 ,1 8 9 ,6 1 0 3 2 ,6 0 6 ,7 4 6 3 0 ,3 8 8 ,2 7 4 2 8 ,4 8 5 ,1 7 3 2 7 ,3 5 1 ,2 7 6 2 5 ,8 8 1 ,0 3 2 2 4 ,9 5 8 ,7 2 7 2 3 ,3 9 4 ,2 6 9 2 2 ,3 8 6 ,3 6 5 It will be seen from the foregoing there has been progress in all directions and that the last two years have been distinguished beyond all others for amount of growth; furthermore the growth in the very latest year was only slightly less than in the year preceding, notwithstanding the presence of the various influences mentioned above tending to restrain such growth. The addition to the number of open accounts in 1905-06 (123,665) was actually larger than that (106,910) of 1904-05. We would, however, direct particular at tention to the last column in this table— that showing the interest credited and paid during the year. This brings to notice the fact that there is a natural, normal tendency for the deposits to rise independent of the opening of new accounts or the additions to the old accounts. Obviously too, by reason of the expansion in the total of the deposits the increment by way of interest credited is itself each year growing larger. Thus the gain in the total of the deposits from year to year signifies little unless this agency in bringing about the increase is taken into account. For the year end ing July 1 1894 the interest credited was only $22,386,365; for the twelve months ending July 1 1906 the amount credited was double that sum, or $44,725,760. It would seem, therefore, as if one would get a better idea of the growth from year to year and of the variations in this growth by considering the in crease in deposits in connection with these credits of interest. Such a comparison we furnish in the fol lowing: Y ea r end ing J u ly 1. In cr ea s e in D ep o sits . 1 9 0 6 ________________________ $ 8 2 ,1 6 4 ,7 5 3 8 6 ,8 3 6 ,8 5 6 1 9 0 5 ________________________ 1 9 0 4 ________________________ 5 3 ,6 7 2 ,8 9 2 1 9 0 3 ______________________ 6 0 ,7 2 9 ,3 6 6 1 9 0 2 ______________________ 6 4 ,0 6 7 ,3 7 8 1 9 0 1 ______________________ 6 5 ,5 4 0 ,2 1 2 1 9 0 0 ______________________ 6 3 , 6 3 8 ,3 1 9 1 8 9 9 ________________________ 7 1 ,2 3 0 ,8 0 1 4 5 ,7 3 7 ,6 3 1 1 8 9 8 ________________________ 1 8 9 7 ______________________ 2 6 ,3 9 1 ,9 4 6 1 8 9 6 ________________________ 4 5 ,8 1 6 ,8 8 3 1 8 9 5 ________________________ 3 8 ,3 2 1 ,8 6 7 1 8 9 4 ________________ L o s s 1 1 ,9 8 7 ,2 2 8 In terest credited an d p a id . $ 4 4 ,7 2 5 ,7 6 0 4 1 ,7 4 8 ,4 4 5 3 8 ,0 7 6 ,1 6 8 3 5 ,9 4 2 ,1 6 7 3 4 ,1 8 9 ,6 1 0 3 2 , 6 0 6 ,7 4 6 3 0 ,3 8 8 ,2 7 4 2 8 ',4 8 5 ,1 7 3 2 7 ,3 5 1 ,2 7 6 2 5 ,8 8 1 ,0 3 2 2 4 ,9 5 8 ,7 2 7 2 3 ,3 9 4 ,2 6 9 2 2 ,3 8 6 ,3 6 5 N et in crease. $ 3 7 ,4 3 8 ,9 9 3 4 5 , 0 8 8 ,4 1 1 1 5 ,5 9 6 ,7 2 4 2 4 ,7 8 7 ,1 9 9 2 9 ,8 7 7 ,7 6 8 3 2 ,9 3 3 ,4 6 6 3 3 ,2 5 0 ,0 4 5 4 2 , 7 4 5 ,6 2 8 1 8 ,3 8 6 ,3 5 5 5 1 0 ,9 1 4 2 0 , 8 5 8 ,1 5 6 1 4 , 9 2 7 ,5 9 8 L o s s - 3 4 , 3 7 3 ,5 9 3 Of course we understand that the interest credited is not always left on deposit— that in not a few cases it is regularly drawn out and used, with other means, for purposes of livelihood and support; but if the draft in that way has been larger in any given period by reason of inadequate employment, strikes, sick ness or other causes, the fact is sure to be made, mani fest through such a method. Hence, it is rather sig nificant that the so-called net increase— that is, the total increase less the interest credited and paid— for the latest year, though smaller than for the year immediately preceding, ranks among the very largest in all the years given. In brief the net addition in 1906 was $37,438,993, in 1905 it was $45,088,411, while in only one other year was the amount as much as 40 millions. It is also easy to trace the influence of business de pression in these yearly variations. Following the panic of 1893 there was in 1894 an actual loss in the deposits, gross and net. The silver campaign of 1896, with the unsettlement in business which this caused, is reflected in a net increase in 1897 of only $510,914. The reaction in trade which occurred in 1903-04 is manifest in the smallest net increase in deposits in 1904 recorded for any year since 1897. It would seem also as if one other deduction were per missible. After recovery from depression the gains are usually very large and then they begin to taper off. Wishing to make up for the previous loss the frugal savings bank depositor at first is very economical and spends money only sparingly. But his prosperity continuing, he begins to be a little more liberal as it were— to pay out more for clothes and other neces saries and perhaps for amusements. At all events, while in 1899 the net increase in the deposits was $42,745,628, in 1900 it was only $33,250,045; in 1901, $3 2,9 3 3 ,4 6 6 ; in 353 THE CHRONICLE A u g . 18 1906 1902,, $ 2 9 ,8 7 7 ,7 6 8 ; in 1903, $ 2 4 ,- M ay 17. I t is not a new law at all, except in a few and in 1904, with a reaction in trade and minor particulars, being, word for word, a copy of the coincident strikes, the net addition was reduced to existing law, the only new parts being the words and only $1 5,5 9 6 ,7 2 4 . Something of the same kind m ay sentences which we have put in italics. auain be going on. In 1905 the depositors, m oved by statute entire, because it will serve to acquaint the a desire to retrieve the loss of the previous year, added reader with .the nature of the requirements in that 78 7,19 9; $45,088,411 net; in 1906, the necessity W e give the no regard and because one part of this law was the sub being longer so pressing, no doubt m any thrifty depositors ject of the judicial determination to which we have felt they could be more free with their outlays— a referred, the conclusion being that the law in that re circumstance which must have had its part in reducing spect is unconstitutional. the net amount of addition to $ 3 7 ,4 3 8 ,9 9 3 . are not inclined to uphold any attem pted invasion of C H A P T E R 4 9 0 .— A n A c t to a m en d th e la b o r law r e la t iv e t o th e h ou rs o f e m p lo y m e n t In fa cto rie s a n d m e rca n tile e sta b lish m en ts. B eca m e a law M a y 17 1900, w ith th e a p p r o v a l o f th e G o v e r n o r . P a sse d , th ree-lifth s b e in g p resen t. T h e P eop le o f th e S ta te o f N ew Y o r k , re p re se n te d In S en a te a n d A s s e m b ly , d o e n a ct as fo llo w s : S e ctio n 1. S e c tio n 77 o f C h a p ter 415 o f th e law s o f 1897, e n title d " A n A c t In rela tion to la b o r , con stitu tin g: C h a p ter 32 o f th e G en eral L a w s ,” as a m en d ed b y C h a p te r 192 o f th e law s o f 1899, a n d b y C h a p ter 184 o f th e law s o f 1903. is h e re b y a m e n d e d t o rea d as fo llo w s : S e c. 77. H ou rs o f la b o r o f m in ors a n d w o m e n .— N o m in o r u n d er th e a g e o f six teen y ea rs sh all be e m p lo y e d , p e r m itte d or su ffered to w o rk in a n y fa c t o r y in this S ta te b e fo r e s ix o ’ c lo c k In th e m o rn in g , o r a fte r seven o ’ c lo c k in the e v en in g o f a n y d a y . or fo r m o r e th a n n in e h ou rs in a n y o n e d a y . N o m in o r u n d er th e a g e o f eig h teen y ea rs a n d n o fe m a le sh all be e m p lo y e d , p erm itted or su ffered to w o r k In a n y fa c t o r y in this S ta te b e fo r e s ix o ’ c lo c k In th e m o rn in g , or a fte r n in e in th e e v e n in g o f a n y d a y ; o r fo r m ore th a n ten hours in a n y o n e d a y e x c e p t t o m a k e a sh orter w o r k d a y o n th e la st d a y o f th e w eek , or fo r m o re th a n s ix t y h ours In a n y on e w e e k , or m o r e h ou rs in a n y on e w eek th a n w ill m a k e an a v e ra g e o f ten h ou rs p er d a y for th e w h o le n u m b er o f d a y s so w o rk e d . A p rin te d n o tic e , in a fo r m w h ich sh all b e p re scrib e d a n d fu rn ish ed b y th e C om m ission er o f L a b o r , sta tin g th e n u m b er o f h ou rs per d a y for each d a y o f th e w eek req u ired o f su ch p e rso n s, and th e tim e w h e n su ch w o r k sh all b eg in a n d e n d . shall b e k e p t p o s te d in a co n sp icu o u s p la c e in ea ch r o o m w h ere th e y are e m p lo y e d . B u t su ch person s m a y b e g in th eir w o rk a fte r th e tim e fo r b eg in n in g a n d s to p b e fo r e th e tim e fo r e n d in g su ch w o r k m e n tio n e d in su ch n o tice : b u t th e y sh all n o t oth erw ise b e e m p lo y e d , p e rm itte d o r su ffered t o wro rk in su ch fa c t o r y e x c e p t as sta ted th erein . T h e term s o f su ch n o tic e shall n o t be c h a n g e d a fte r the b e g in n in g o f la b o r on th e first d a y o f th e w eek w ith o u t th e c o n s e n t o f the C om m ission er o f L a b o r . T h e p resen ce o f su ch p erson s a t w o rk In th e fa c to r y a t a n y o th e r h ou rs th a n th o se sta te d in th e p r in te d n o t ic e shall c o n stitu te p r im a fa c ie e v id e n c e o f a v io la tio n o f th is se c tio n o f th e la w . S ec. 2. S e ctio n 1 6 1 * , su ch c h a p te r as a m e n d e d b y C h a p ter 255 o f th e L aw s o f 1903, is h e re b y a m e n d e d t o rea d as fo llo w s: S e c. 161. H ou rs o f la b o r o f m in o r s .— N o ch ild u n d er th e a g e o f six te e n yea rs shall b e e m p lo y e d , p e rm itte d o r su ffered t o w o r k in o r in c o n n e c tio n w ith a n y m e r c a n tile e s ta b lis h m e n t, bu sin ess office or te le g ra p h o ffice , res ta u ra n t, h o te l, a p a r tm e n t h ou se o r in th e d is trib u tio n or tra n sm ission o f m erch a n d ise o r m essages m o re th a n fift y -fo u r h ours in a n y on e w e e k , o r m o re than n in e h ou rs in a n y on e d a y , or b e fo re seven o ’c lo c k in th e m o r n ing o r a fte r ten o 'c lo c k in th e e v e n in g o f a n y d a y . B ut in cities of the first class no child under the age of sixteen years shall be em ployed , permitted or Constitutional rights. suffered to work in or in connection with any such establishment after seven o'clock in the evening o f any day. N o fe m a le e m p lo y e e b e tw e e n six te e n Thus we have shown that there are numerous other causes besides the speculation in land and in lots which may be assigned as a reason for the slightly smaller growth in savings deposits in 1906 than in 1905, and furthermore that there is really no good ground for supposing that this land speculation has played more than a minor part in affecting the general results. It m ay be added also th a t, according to the Superintendent of ily becoming Banks, “ savings banks are stead more exacting in excluding deposits offered at one time in large am ounts.” LABOR L A W S A N D CLASS LEGISLATION. Two recent decisions— one in this State and another in Pennsylvania— indicate very clearly that the courts, while desirous of giving effect as far as possible to the legislative intent in the m atter of labor legislation, The tendency of the times is to lumber up the Statute Books with restrictions and regulations concerning the em ploym ent of labor. N ot a little of this labor legislation in the past has been wise, and we m ay admit that the m otive often is good, and that also not infrequently there is need for law of some kind concerning the m atter. For instance, the State clearly owes it to itself and to its citizens, in pro tection of their physical and moral well-being, to throw proper safeguards around the young. It is not right that infants should be allowed to go without a proper education, at least a rudimentary education, and it is equally obvious that in their tender years they should not be burdened with work beyond their ability to bear. an d tw e n ty o n e y e a rs o f a g e sh all be r e q u ire d , p e rm itte d or su ffered t o w o rk in o r in c o n n e c tio n w ith a n y m e rca n tile e sta b lish m e n t m o re th a n s ix t y hours in a n y on e w eek ; o r m o re th a n te n h ou rs in a n y on e d a y . unless fo r th e p u rp ose o f m a k in g a sh o rte r w o r k d a y o f so m e on e d a y o f th e w eek : o r b e fo r e seven o ’c lo c k in th e m o rn in g or a fte r ten o ’ c lo c k in th e e v e n in g o f a n y d a y . T h is se ctio n d o e s n o t a p p ly t o th e e m p lo y m e n t o f p erson s six te e n y ea rs o f age or u p w a rd on S a tu r d a y , p ro v id e d th e to ta l n u m b e r o f h ou rs o f la b o r in a w eek o f a n y su ch p e rso n d oes n o t e x c e e d s ix t y h ou rs, n o r t o th e e m p lo y m en t o f su ch p erson s b e tw e e n th e fifte e n th d a y o f D e c e m b e r a n d th e f o l lo w in g first d a y o f J a n u a ry . N o t less th a n fo r t y -fiv e m in u tes sh all b e a l lo w e d fo r th e n o o n -d a y m ea l o f th e e m p lo y e e s o f a n y su ch esta b lish m en t. S ec. 3. S e ctio n 162 o f su ch c h a p te r , as a m e n d e d b y C h a p ter 255 o f th e law s o f 1903, is h e r e b y a m e n d e d to rea d as fo llo w s : Sec. 162. E m p lo y m e n t o f c h ild r e n .— N o ch ild u n d er th e a g e o f fo u rte e n years shall be e m p lo y e d , p e rm itte d or su ffered t o w o r k in or in c o n n e c tio n w ith a n y m e rca n tile o r o th e r e sta b lish m en t sp ecified in th e p re ce d in g s e ctio n , e x c e p t th a t a ch ild u p w a rd o f tw e lv e y ea rs o f a g e m a y be e m p lo y e d th erein in v illa g es and cities o f th e second or th ird class d u rin g th e su m m e r v a c a tio n o f th e p u b lic s ch o o ls o f th e c it y or d istrict w h ere su ch e sta b lish m en t Is situ a ted . N o ch ild u n d er th e a g e o f six te e n y ea rs sh all b e e m p lo y e d in a n y such e sta b lish m en t, unless an e m p lo y m e n t ce rtifica te issued as p r o v id e d in this a r tic le sh all h a v e b een th e re to fo re filed in th e office o f th e e m p lo y e r at th e p la c e o f e m p lo y m e n t o f su ch ch ild . S ec. 4. T h is A c t shall ta k e e ffe ct O c t o b e r 1st 1906. * So In orig in a l. It will be seen from the foregoing that no minor un The State m ay also with propriety step in and der the age of 16 years is permitted to work in any fac insist that factory plants shall be constructed and tory in this State before six in the morning or after maintained according to hygienic rules, so that those seven o ’clock in the evening of any d ay , or for more employed there— whether adults or minors, males or than nine hours in an y one d ay. females— shall not suffer in health or be subjected under the age of 16 is permitted to work in or in con to unnecessary jeopardy in their work. B u t, granting nection with any mercantile establishment , business all this, it yet remains true that for much restrictive office or telegraph office, restaurant, hotel, apartm ent and regulatory legislation there is no real justification house, or in the distribution or transmission of mer and that, also, there is a disposition to interfere with chandise or messages, more than 54 hours in any one the freedom of the individual as guaranteed to him by week or more than 9 hours in any one d a y , or before both the Federal and the various State constitutions. seven o ’clock in the morning or after ten o ’clock in Of course, political considerations often dictate legislation and in this way laws get on the statute the evening of any day. Also that no child In the first of these particu lars the new statute makes just one change. Pre books which cannot be enforced and which there is viously the time during which a minor in a factory really no intention of enforcing. Through this ina might put in nine hours’ work was between six in the bility or neglect to enforce statutes, it happens that morning and nine o ’clock at night, whereas now the laws are in existence concerning which those most im time is to be between six in the morning and seven mediately concerned have no knowledge. o ’clock in the evening. H ow m any In the case of mercantile persons, for instance, in this State know of the law re establishments, the limit within which the nine hours’ garding the employment of minors and of females. work may be performed has been left between seven Here is the statute in that regard passed at the session in the morning and ten in the evening; but the important o f the New Y ork Legislature the present year and proviso given in italics has been added,saying that in which became a law with the Governor’s approval on cities of the first class (which means cities having a pod- 354 THE CHRONICLE. ulation over 250,000, namely New York and Buffalo) no child under 16 years of age may be employed after seven o ’clock in the evening. The new law, like the old law, provides that no child under the age of 14 shall be employed in or in connection with any mercan tile or other establishment (an exception is made dur ing vacation time), and that no child under the age of 16 shall be employed in any such establishment unless an employment certificate has been issued to it in the way prescribed in the law. How many heads or managers of mercantile establishments know that when they employ a boy under 16 years of age the boy must have an employment certificate issued by the Board of Health or other proper authority? We ven ture to say there are thousands of bright, capable boys under 16 years of age being employed in this city where there has been no attempt to conform to this requirement because there is complete ignorance as to its existence. Women, both by the old law and the new law, are placed in the same state of dependency as children. It is provided “ that no minor under the age of 18 years and no female shall be employed, permitted or suffered to work in any factory in this State before six o ’clock in the morning or after nine in the evening.” Observe how broad this is. No women may work in a factory at all after nine o ’clock in the evening. It is this .clause that has just been passed upon by the courts and held unconstitutional. The word “ factory” has a very broad designation, the statutory definition of it being: “ The term factory when used in this Chap ter shall be construed to include also any mill, work shop or other manufacturing or business establish ment where one or more persons are employed at labor.” This provision against a woman working at night has been in the statute book for a number of years but no attempt was made to enforce it until the beginning of the present year. To enforce it really meant hard ship rather than the reverse. For instance, women are employed in binderies connected with printing establishments where night work is indispensable. Girls, with their deft fingers, are peculiarly suited for such work—in fact men, being so much more clumsy, do not answer for it at all. Besides, pay for night work is much higher than for day work, and thus the time of work needed to produce a given amount of money is very greatly reduced. We have heard of cases of needy families where a girl by working simply two or three nights a week put the family in very com fortable circumstances without imposing any special strain upon herself. If she worked in day time she might have to work the whole week because of the lower rate of pay. As stated, no attempt was made to enforce this law until the present year. At 10:20 on the night of Jan. 31 1906, a deputy factory inspector visited a large book-binding establishment uptown and found some women over 21 years of age at work. There was no pretext that the building was insecure, the light bad, the ventilation defective or the general sanitary con ditions deficient—in fact, in these respects the deputy inspector testified “ it is the best factory of the kind in New York City.” Nevertheless, one of the proprietors of the establishment was found guilty of a misdemeanor in having employed one Katie Mead to work in that factory after nine o ’clock at night on the dates speci [V ol . L ix m t . fied. The Court of Special Sessions of the First Divi sion of the City of New York has now declared the law unconstitutional, holding that a statute forbidding adult women to work in factories before six in the morning or after nine at night is invalid. The case was that of the People of the State of New York vs. David L. Williams. The People called the deputy in spector to prove the bare fact of employment after prohibited hours in a factory. The defendant offered no evidence and was thereupon found guilty. Upon a motion in arrest of judgment, the defendant, through his counsel, contended first that Section 77 of the Labor Law, under which the conviction was had, is in con travention of the 14th Amendment of the Federal Constitution, in that it is an infringement of the priv ileges and immunities of the citizens of the United States and denies to women the equal protection of the laws; second, that it contravenes Article 1, Section 6, of the State Constitution in that it deprives a citizen of her liberty and property -without due process of law. This contention the Court of Special Sessions, speaking by Justice Olmsted, sustains. It says that to labor and to employ labor are inherent and inaliena ble rights of our citizens and cannot be taken away in whole or in part unless upon the broad ground of pub lic good, which must be apparent and cannot be predicated on legislative dictum. “ It may be stated as a well-settled legal proposition that the right to labor and to contract for that labor is both a liberty and a property right; when, therefore, the Legislature enacts a statute such as that under consideration, it must be admitted that it has infringed in the enact ment the rights which are very clearly accorded by the Constitution to the individual citizen.” Only one plea in justification of the statute was urged by the State, namely that it was enacted to protect the comfort, welfare and safety of the whole people and the individual must suffer this curtailment of his granted rights in the interest of the common good. But Justice Olmsted quotes the decision of the United States Supreme Court (Lochner vs. N. Y ., 198 U. S. R . p. 45), in the attempt to fix a ten-hour day for employees of bakeries and confectionery estab lishments, which the Court, as will be remembered, declared unconstitutional. In that case it was urged that it was to the interest of the State that its popula tion should be strong and robust, and therefore any legislation which might be said to tend to make people healthy must be valid as health laws, enacted under the police power of the State. But the United States Supreme Court said that if this be a valid argument and a justification for this kind of legislation, it would follow that the protection of the Federal Constitution from undue interference with liberty of person and free dom of contract is visionary wherever the law is sought to be justified as a valid exercise of the police power. “ Scarcely any law but might find' shelter under such assumptions, and conduct, properly so called, as well as a contract, would come under the restrictive sway of the Legislature. Not only the hours of employees, but the hours of employers, could be regulated, and doctors, lawyers, scientists, all professional men, as well as athletes and artisans, could be forbidden to fatigue their brains and bodies by pro longed hours of exercise, lest the fighting strength of the State be impaired. We mention these extreme A ug . 18 1906.] THE CHRONICLE. cases because the contention is extreme. We do not believe in the soundness of the views which uphold this law. On the contrary, we think that such a law as this, although passed in the assumed exercise of the police power, and as relating to the public health, or the health of the employees named, is not within that power, and is invalid. The Act is not within any fair meaning of the term a health law but is an illegal interference with the rights of individuals, both em ployers and employees, to make contracts regarding labor upon such terms as they may think best or which they may agree upon with the other parties to such contract. Statutes of the nature of the one under review, limiting the hours in which grown and intelli gent men may labor to earn a living, are mere meddle some interferences with the rights of the indi vidual.” The Court of Special Sessions adopts the same course of reasoning with reference to the New York statute prohibiting the employment of women after nine o’clock at night. It goes further and finds it class legislation of a peculiarly objectionable type. Justice Olmsted says that the statute which would prevent Katie Mead from working in a factory after nine o ’clock, under the best sanitary conditions, offers no prohibition against her doing the same.work in a hall bedroom in a tenement house under conditions more detrimental to her health. She may work at her usual employment all night if she so pleases and the State does not interfere to prevent possible injury to her possible children who may be its future citizens. “ A dressmaker or milliner has a factory within the mean ing of the law if he or she have but one employee. The employer, even though she be a woman, may work when and so long as it pleases her. The single employee, on the contrary , if she be a woman, may not work after nine o’clock at night nor before six o ’clock in the morning. Why this distinction between two possible mothers of future citizens if this be simply a health regulation? The relation of the subject of this statute to the public health and common wel fare seems altogether too remote to sustain it as a proper exercise by the State of its police power.” In the Pennsylvania case, the circumstances were somewhat different. In that State a law was passed last year regulating the employment of women and children in industrial establishments. This law is somewhat like the New York law concerning the em ployment of children. It makes it unlawful to em ploy any child between the ages of 14 and 16 unless there is first provided a certificate in the form provided by the Chief Factory Inspector. We have not seen the full text of the decision in this case, but from the digest of it given in the "Philadelphia Record” it ap pears that the law was attacked because in providing for the issuing of the certificate it made distinctions that did not seem based on any reasonable ground or any difference which bears a just and proper relation to the subject with reference to which the classifica tion is attempted. One section of the law requires the production of a certificate of the child’s birth and showing its ability to read and write simple sentences in the English language, and stating that it has com plied with the educational laws and is physically able to perform the work required of it. The other section requires, in cases where a birth certificate cannot be 355 given, that a substitute statement may be prepared, signed by the principal teacher of the last school which the child attended, certifying that it has received in struction in reading, spelling, writing, English gram mar and geography and is familiar with the funda mental operations of arithmetic, and has completed the course of study in the common schools for the first five years or a course of study in other schools equiva lent thereto. Judge Staake, who rendered the opinion in the Quarter Sessions Court, finds that these sections of the law discriminate in favor of the child with birth cer tificate against one who has no certificate. A child’s misfortune in not having a birth certificate operates greatly against it, although the child may be physi cally as able to do its work as the one under the other provision and may also be able to write simple sen tences. It may not be able to fulfill the higher edu cational qualifications required of it, and thus, fail ing to get the employment certificate required, be unable to obtain work. Accordingly it is held that the distinction made between the two classes of child ren is a mere arbitrary selection and therefore in vio lation of the 14th Amendment of the Federal Consti tution. RAILROAD GROSS EARNINGS FOR JULY. Our July compilation of the gi*oss earnings of United States railroads is of the same highly favorable char acter as the exhibits for the months immediately pre ceding. Of course the statement is only preliminary, covering merely the roads which furnish early returns. These comprise altogether an aggregate of 96,484 miles of line (not quite half the mileage of the country), and on this mileage the improvement in gross revenues as compared with the corresponding month last year reaches the large sum of $10,392,107, equivalent to 14.60%. This is the best ratio of gain shown in any monthly exhibit of ours since the phenomenally favorable statements for January and February, when the mild winter weather combined with other causes to swell the increase to exceptional proportions. One drawback which existed in previous months was not present in July, or at least was present only in a greatly diminished extent, and this tended to swell the amount of gain. We refer to the strikes at the coal mines. Most of these were settled in June, though in a very few instances the trouble extended over into July. The Buffalo Rochester & Pittsburgh is the only coal-carrying road this time with an important amount of loss in earnings and in this case work at the mines was not resumed until the 16th of the month. With the coal strikes out of the way, with general trade maintained in a high degree of activity, with the iron and steel industry in a buoyant condition and with the crop prospects extremely gratifying, it is not sur prising that railroad traffic and railroad revenues should, have attained new high records and that the extent of the improvement in receipts should have reached exceptional proportions. The present increase, it is needless to say, follows an increase last year in the same month. As a matter of fact the July results have been continuously favor able for over a decade past, excepting only in 1904, when there was a small falling off, as may be seen from the following. 356 T H E CHRONICLE M ileage. Gross Earnings. Increase (4-) or Decrease (—) J uly. Y ear Year In Oiven. preced'g cre'se Year— Rds. 1896 ____ 1897 ____ 1898 ____ 1899 ____ 1900 ____ 1901 _ 1902 ____ 1903 ____ 1904 ____ 1905 ____ 1906 ........ M iles. M iles. 126 93,193 92,413 122 96,605 95,286 126 90,912 90,417 111 94,980 93,906 99 93.573 90,528 88 91,846 89,891 79 94,718 92,947 75 97.910 96,049 67 85.558 83,243 55 75,398 73,629 68 96.484 94,276 1902 ___ 1903 ____ 1904 _ 1905 _ 1906 ____ 121 90,918 120 96,048 125 108 99 85 78 75 67 54 68 90,920 94,604 93.573 88,374 94.573 97.910 85.558 75,141 96.484 S $ 0-84 1.38 0.58 1.14 3.36 2.17 1.91 1.93 2.78 2.42 2.34 S 39,923,091 43,055,387 39,401,085 49,779,446 48,884,012 52,849,645 61,197,348 69,395,816 54,602,603 50.144,735 81,578.288 % 3.68 4.86 1.49 16.78 6.07 14.06 7.64 11.96 1.80 7.47 14.60 38,504 .09 ) + 1,418,997 41,056 ,206 + 1,999,181 + 579,026 38,822 ,059 42,625 ,375 + 7,154,071 + 2,798,468 46,085 ,544 46,334 ,619 + 6,515,026 56,849 ,967 + 4,347,381 61,980 ,921 + 7,414,895 55,607 185 —1,004,582 46,659 ,292 + 3,485,443 71,186 .181 + 10,392,107 90,118 94,729 90,395 93,530 90,528 86,419 92,802 96,049 83,243 73.372 94,276 0.88 254,840 255 238 ,948,747 + 15.891,508 1.38 274,635 194 0.58 276,240 565 1.14 321,435 882 3.36 336,441 873 2.03 317,871 965 1.91 400,633 078 1.93 462,741 784 2.78:365,668 378 2.42,334,014 442 2.34:541,466 463 272 ,821,160 247 ,351,746 298 ,502,817 299 ,297,422 288 ,590,907 369 ,655,341 408;,483,911 372 ,108,550 312 .876,815 468 .0 0 2 , 1.30 6.65 + 1,814,034 + 28,888,819 + 22,933,065 + 37,144,451 + 29,281,058 + 30,977,737 + 54,257,873 — 6,440,172 + 21.137,627 + 72.913,833 0.66 11.68 7.68 12.41 10.14 8.38 13.29 1.73 6.75 15.56 the anthracite coal roads are included in this table. As far as the traffic m ovem ents of the great staples are concerned, Southern roads again had a diminished tonnage in cotton to contend against. But that was practically the only adverse feature sustained. This falling off in the cotton traffic was a more im portant item than m ay be generally supposed. A t the Southern ports the receipts the present year were only 125,079 bales, as against 367,244 bales in July last year. The shipments overland were 29,059 bales, against 54,682 bales. The port receipts in detail are shown in the following: RECEIPTS OF COTTON AT SOUTHERN PORTS IN JULY, AND FROM JANUARY 1 TO JULY 31 1906, 1905 AND 1904. ------------ Since January 1-----------— J uly ----1904. 1906. 1904. 1906. 1905. 1905. Ports — 547,072 Galveston____ bales 24,551 117,021 830,319 1,020,497 5,993 Sabine Pass, &c_ 47,148 619 2.159 179,320 49,919 New O rlea n s.___ . 29,222 697,208 64,696 27,570 767,685 1.156,380 M obile__ ______ __ 8,937 117,162 38,648 12,249 1,358 78,439 Pensacola, <fcc____ . 10,092 37,704 5,278 2,176 90.299 94,334 Savannah _____ __ - 31,104 85,547 8,279 238,001 412,094 641,335 Brunswick, &c__ 38 5,412 67,393 26,838 65,010 Charleston________ . 3,850 31,752 50,157 6,283 270 17,265 h- Port Royal, &c__ 17 8 679 276 354 Wilmington. __ . 5,526 263 241 58,059 59,750 28,059 Norfolk _________ . 10,383 4,069 49,845 165,687 335,435 139.511 Newport News, &c_ 740 1,691 11,872 729 15,739 22,178 367,244 50,709 2,563,505 3,796,692 1,833,527 The grain m ovem ent at the W est was again irregular, though on the whole larger than in 1905. In wheat there was an increase of 43^ million bushels, but prac tically the whole of this occurred at Chicago and M in neapolis, while St. Louis and Kansas City showed diminished receipts. The corn m ovem ent did n ot equal that of a year ago. Combining wheat, corn, oats, barley and rye, the aggregate of the grain receipts at the W estern primary markets for the four weeks end ing July 28 are found to have been 49,254,020 bushels, as against 45,710,950 bushels in the correspondingfour weeks of 1905. The details of the grain m ove ment in our usual form are set out in the tables we now present. WESTERN FLOUR AND GRAIN RECEIPTS. Four wks.end ing July 28. Chicago — Flour. (bbls.) Wheat. (bush.) Corn. ■ (bush.) Oats. (bush.) Barley. (bush.) R ye. (bush.) 1906____ 1905____ 501.876 433.784 6,508,562 2,549,855 8,285,204 9,524,750 4,900,755 5,709,550 471,900 741,477 61,571 74,000 1906____ 1905____ St. L ou is — 1906____ 1905____ Toledo — 1906____ 1905____ D etroit — 1905____ 1905____ Cleveland — 1906____ 1905____ P eoria — 1906____ 1905____ Duluth — 1906____ 1905____ 173.575 170,450 336,197 343,200 433,600 96,950 604,800 434,200 553,300 320,100 36,800 24,000 130,610 158,485 2,867,621 3,990,056 1,516,480 1,167,035 11,700 2,598 16.810 16,234 613,700 810,000 191.200 413,150 1,732,535 1,386,935 • 282,950 610,650 27,110 18,700 216,085 128,581 300,903 280,389 180,044 126,028 3,936 3,455 600,589 82,055 179,313 443,379 349,609 806,301 114,500 44,500 348,350 162,400 675,900 887,000 1.269,600 966,600 68,000 29,700 20,700 8,000 553,000 417,900 992.095 229.997 46,262 3,373 1,361,204 322,845 450,624 308,727 9.357 2,825 3,883,520 2,957,370 275.940 197,900 1,382,410 1,080,330 503.480 457,730 58,110 21,080 5,853,000 6,371,000 525,000 1,158.000 246,600 450,000 M ilw aukee — M inneapolis— 1906____ 1905____ K an sas City — 1906____ 1905____ Total of all— 1906____ 1905____ 1.504,607 22.219,719 1,247,274 17,624,514 12.429,802 14,171,926 12,310,507 11 ,S93,439 31,640 14,600 2,059,004 1,860,332 234,988 160,739 i 0 Corn. (bush.) Barley. (bush.) R ye. (bush.) 809,768 690,510 5,173,900 3,581,500 7,433,200 5,384,550 485,600 358,900 17,500,495 8,747,030 14,648,510 9,284,775 1,309.400 1,065,098 286,197 256,620 1,309,200 1,304,000 3,459,200 4,738,650 2,250,050 4,470,800 2,740 6,950 89,040 72,300 4,996,646 3,967,686 9,513,341 9,738.333 56,933,381 66,948,983 1906____ 1905____ St. L ou is — 1906____ 1905____ 1,403,190 997,715 2,652,357 2,669,560 4,586,050 1,917,150 1,195,940 1,284,870 8,568,591 9,289,438 Toledo — Oats. (bush.) 44,846,362 9,926,602 36,774,831 12,092,830 1906____ 1905____ Milwaukee — 1906____ J905._ Detroit — 1906____ 1905____ 180,970 126,750 920,404 497,946 3,790,295 3,287,628 1,982,075 1,455,541 1906........ 1905____ 34,709 20,646 894,801 462,711 3,292,826 5,376,447 3,057,836 3,834,424 223,070 55,290 1906____ 666,250 654,050 1905 . . . 392,150 516,000 Duluth — 1906____ 1,857,300 10,167,440 190.5____ 1,410,800 2,810,277 M inneapolis ____ 42,299,620 1906____ 36,061,541 1905____ 7,864,300 6,943,800 11,864,400 5,159,400 1,422,500 1,085,600 191,700 136,700 100,146 83,469 4,880,858 2,522,790 1,990,038 776,237 131,358 45,332 2,486,990 2,799,125 11.633,830 8,347,880 4,933.853 4,334,658 574,114 499,733 13,287,000 13,868,800 9,679,000 7,840,700 3,069,200 2,636,400 Peoria —- Kansas C ity- X&Note.— Neither the earnings of the Mexican roads nor the mining operations of Total__________ .125,079 Wheat, (bush.) Chicago — Cleveland — Jan. 1 to J uly 31. 1896 ____ 1897 ____ 1898 ____ 1899 ____ 1900 _ 1901 _ % Y ear Preceding. \ Y ear Given. Jan. I to Flour. July 28. (bbls.) Jan. 1 to July 28. [Y ol. l x x x t ii. 1906____ 1905____ Total of all— 1906____ 10,322,805 90,279,004 109,692,683 103,407,021 27,241,403 2,567,777 1905____ 8,200,617 77,218,606 108,682,982 78,068,341 24,801,213 2,060,095 It should be noted, too, that W estern roads had a larger live-stock m ovem ent. The receipts of sheep at the leading live-stock points, namely Chicago, Kansas City, Omaha, St. Louis, St. Joseph and Sioux City, did not quite equal those for the m onth of July last year, being 654,323 head against 655,100 head, but the deliveries of cattle were 674,396 head, against 632,200, and the deliveries of hogs 1,414,114 head, against 1,199,900 head. For the separate roads, the gains are proportionately of the same magnitude as in the case of the grand totals. The trans-continental roads on the north again lead all the rest, the Canadian Pacific recording 11,334,000 increase, the Great Northern 11,128,791 increase and the Northern Pacific 1965,457 increase. But elsewhere also the im provem ent is of large ex tent. In the Middle W est, the Illinois Central has added 1617,623 to its total of last year and has $78,130 more increase on the Y azoo & Mississippi Valley, which it controls. The Central had a small loss a year ago, but the Y azoo & Mississippi Valley had no loss at all at that tim e. Am ong the trunk lines, the Baltimore & Ohio has $776,017 gain; the N .Y . Central proper has $593,924 gain and the Lake Shore & Michigan Southern $480,227 gain. Including the other Central lines, the whole N. Y . Central system shows an increase in the aggregate of $2,088,510. Nor do Southern and Southwestern roads lag behind. The Southern R ailw ay records $413,405 gain, the Louisville & Nashville $347,343, the Missouri Kansas & Texas $221,623, the Missouri Pacific $203,862, &c. W e bring together all changes for the separate roads for amounts in excess of $30,000— whether gains or losses. The Buffalo R ochester & Pittsburgh is the only road with a loss, the falling off in that case follow ing from the fact already narrated that -work at the mines along its lines was not resumed until July 16. P R IN C IP A L CH AN GES IN GROSS E A R N IN G S IN JU L Y . Increases. Canadian Pacific--------------$1,334,000 Great Northern (2 ro a d s). 1,128,791 Northern P a c ific _________ 965,457 Baltimore & O h io ----------776,017 Illinois Central----------------617,623 New Y ork Central_______ 593,924 Lake Shore & Mich. South. 480,227 Southern R ailw ay_______ 413,405 Grand Trunk (4 roads)___ 377,021 Louisville & Nashville-----347,343 W abash__________________ 274,228 Cleve. Cin. Chic. & St. L__ 252,452 Minn. St. Paul & S. S. M_ 251,798 Michigan Central------------248,279 Pittsburgh & Lake E r ie .. 246,199 Missouri Kansas & T exa s. 221,623 208,700 Canadian Northern---------Missouri Pacific (2 roa d s). 203,862 Denver & Rio Grande____ 184,900 Texas & P acific--------------169,256 N. Y . Chicago & St. Louis. 139,894 Tnrrf>n<tP<i Cincin. N. O. & Tex. Pac. Colorado & Southern_____ Mobile & O hio___________ Chicago Great W estern___ W estern M aryland_______ Central of Georgia_______ Y azoo & Mississippi V a l._ St. Louis South W estern -_ Lake Erie & W e s t e r n ..-. Detroit Toledo & Iron ton . Alabam a New Orleans & Texas Pacific (3 roa d s). Ala Great S o u th e rn .____ Peoria & Eastern_________ $139,787 110,031 102,916 101,401 79,174 78,856 78,130 62,563 61,464 51,102 53,423 31,989 30,745 Total (40 road s)______ $10,416,580 Buffalo Rochester & P itts. Total (1 roa d )__________ Decreases. $207,775 $207,775 y Figures are for three weeks only; fourth week not yet reported. A ug. 357 THE CHRONICLE. 18 1900. J Gross Earnings. To complete our analysis, we furnish the following six-year comparisons of the earnings of leading roads arranged in groups, according to their location. e a r n in g s of f 1906. July. m id d l e and T o ta l............... w estern S 649.195 458.350 3,013,149 3,805,184 6.443.61S 98.406 274.315 2,082.154 349.544 group . 1903. 1902. 1901. s r 1904. 1 9 0 5 .; S’ $ f 558,712 [7 6 6 ,4S7 Buff. R och . & P . 4S9.577 .498,317 Chic. Ind. A L. Gr. Tk. of Can.' G . Tr. West A £3,606,234 {3,229,213 Pet. G. H A M . 1 Illinois Cent ml 4,366,622 3.74S.999 X .Y .C e n .A H .R . J77.729.222 7.135.29S 101.204 T ol. P A W est. • 99,636 T o l.S t .L .A W 310.091 307,822 W a b a s h _______ 2.275.312 2,001,084 W heel. A L . E . 423,324 406.397 m id d l e S 612,087 406,410 2,129,580 363,528 95,383 3,348.770 6,036,838 91,934 240.040 1.721,532 333,922 557,439 387,693 1,954,386 307,563 103.656 3.175.752 5,940.096 93,962 214.245 1,552.341 284,213 717.385 482.013 12,647,376 ^ 446.258 l 98.303 3.822.203 6.849.464 110,808 259,963 2.000.156 425.039 s 19.S50.543 IS .203,008 17,173,915 17,858,968 15,3S0,024 14,571,346 b Includes In 1906 and 1905, but not in the earlier years, earnings o f Canada A Atlantic. 0 The Fall Brook System , the Beech Creek R R . and the W allkill V alley R R . and Boston A Albany included for all the years. E A R N IN G S OF S O U T H E R N G R O U P. July. 1906.1 1905. 1903. f 1904. 1902. 1901. N am e of R oad . 1906. L ak e E rie & W e s t e r n ------L a k e S h o re & M ich S o u th L o u isv ille & N a s h v ille — M acon A B ir m in g h a m ___ M a n i s t i q u e _____ __ - M ich igan C e n tra l________ M ineral R a n g e . ............ M in n eap olis A St L ou is M inn St P A S S t M ____ M o Ivan A T e x a s ____ M o P a c A Iron M ou n ta in C entral B r a n c h ________ M o b ile & O h i o . . _____ X e v a d a -C a llfo rn ia -O re g o n X Y C entral & H u d R iv e r N Y C h ica g o A St L ou is N o rth e rn P a cific ________ P ittsb u rg h A L a k e E r ie ... R io G ran d e S o u th e r n . _ R u t l a n d ..... ....... S t L ou is S o u th w e s te r n ___ S o u th e rn I n d ia n a ____ . _ S o u th e rn R a ilw a y ________ T e x a s C entral . . . T e x a s A P a c i f i c .___ T o le d o P eoria dc W estern T o le d o St L ou is A W e s t ’ n T o r o n t o H am A B u ffa lo . V irg in ia A S o u th W e ste rn W a b a s h _______ __________ W e ste r n M a r y la n d _______ W h e e lin g A L a k e E r ie ___ Y a z o o A Miss V a lle y ____ 1905. 4 3 3 ,2 3 9 3,5 8 4 ,4 3 1 3 ,6 5 5 ,3 2 5 11,765 13,036 2 ,118,971 56 ,7 9 6 3 0 6 ,7 4 2 99 8 ,3 4 5 1,848 ,'354 3 ,6 9 6 ,6 3 1 136,322 806,351 2 1 ,6 2 7 7 ,7 2 9 ,2 2 2 8 0 8 ,7 2 2 5 ,5 3 4 ,3 5 3 1 ,3 1 5 ,7 7 3 48 ,1 4 9 24 9 .9 2 3 7 3 2 ,7 4 4 11 3 ,5 2 6 4 ,4 3 6 ,3 5 8 6 7 ,6 9 9 991 ,635 9 9 ,6 3 6 310,091 6 2 ,3 5 7 84 ,6 5 8 2 ,2 7 5 ,3 1 2 4 5 9 ,3 7 5 4 0 6 ,3 9 7 60 6 ,7 6 6 M ile a g e . Inc. ( + ) or D ec. (— ) 1906. 37 1 ,7 7 5 3 ,1 0 4 ,2 0 4 3 ,3 0 7 ,9 8 2 1 1,919 12,378 1 ,8 7 0 ,6 9 2 5 9 ,5 5 9 2 9 7 ,1 6 0 7 4 6 ,5 4 7 1 ,626,731 3 ,4 4 8 .7 7 8 180,313 7 0 3 ,4 3 5 20,306 7 ,1 3 5 ,2 9 8 66 8 ,8 2 8 4 ,5 6 8 ,8 9 6 1 ,0 6 0 ,5 7 4 4 2 ,6 8 2 23 0 ,4 2 2 670,181 106,298 4 ,0 2 2 ,9 5 3 62,768 8 2 2 ,3 7 9 10 1 ,2 0 4 30 7 ,8 2 2 5 5 ,0 3 7 7 4 ,0 0 6 2 ,0 0 1 ,0 8 4 380,201 4 2 3 ,3 2 4 5 2 8 ,6 3 6 1 C \ ,i r, i > + 4 8 0 ,2 2 7 + 347,343 886 1,520 4,279 , 105 78 1,745 140 799 2,145 3 ,0 7 2 5,891 388 926 144 3,774 523 5,781 191 180 468 1,451 201 7 ,5 1 4 227 1 ,826 248 451 154 + 658 + 24 8 ,2 7 9 — 2 ,7 6 3 + 9 ,5 8 2 + 251,798 + 221 ,623 + 24 7 ,8 5 3 — 43,991 + 102,916 + 1,321 + 59 3 ,9 2 4 + 139,894 + 9 6 5 ,4 5 7 + 24 6 ,1 9 9 + 5 ,4 6 7 + 19,501 + 6 2 ,5 6 3 + 7,228 + 4 1 3 ,4 0 5 + 4,931 + 16 9 ,2 5 6 —-1 ,5 6 8 + 2 ,2 6 9 + 7 ,3 2 0 + 10,652 + 27 4 ,2 2 8 + 7 9 ,1 7 4 — 16,927 + 7 8 ,1 3 0 1905. 886 1 ,5 2 0 4 ,0 8 8 105 78 1 ,745 140 799 1,828 3,042 5 ,8 4 9 388 926 144 3 ,7 7 4 523 5 ,6 6 0 191 180 468 1,441 201 7 ,1 9 5 227 1,826 248 451 88 88 134 2 ,5 1 7 536 488 1,211 134 2 ,5 1 7 477 488 1,204 $ [291,779 S 236.439 $ 243,849 S 202,440 S 181,875 230,528 102,391 101,213 877,960 613,386 3.307.952 703,435 4.022.953 52S.636 17S.631 95.775 98,545 745,651 557.441 2,859,840 59S.364 3,716,117 520,844 200,364 84,760 94,440 714,975 634.88S 3,024,232 628.853 3,594,731 513,969 176.06S 72,534 86,664 677,871 473,080 2,709,244 555,262 3,291,416 441,060 151,731 70,394 67.919 570.017 452,946 2,311,390 506.633 2,916.745 410,305 M ex ica n R o a d s (n o t in e lu d e d in tota ls) — In te r o c e a n lc o f M e x ic o ___ 5 7 9 ,4 3 2 5 1 1 ,0 8 7 5 5 2 ,2 8 7 508,651 M e x ica n I n te r n a tio n a l___ M e x ica n R a ilw a y ________ 5 6 2 ,5 0 0 517 ,5 0 0 M e x ica n S ou th ern _ _ 100,009 102,054 N a tio n a l R R o f M e x ic o . _ 1 ,1 6 6 ,0 0 5 9 8 2 ,2 0 7 Total........... .. 12,026.112 10,780,263 9,607,647 9,735,061 8,685,639 7,639,955 V F igu res h ere g iv e n are fo r th ree w eek s o n ly o f th e m o n th In b o t h years; fo u r th w e e k n o t y e t r e p o r te d . $1 A la. Gt. South. 323.768 Ala.X.O. A T.P. X .O .A N.Eas 258.140 Ala. A Vicks. 108,985 Yick.Sh. A P . 120,430 Centralof Ga._ 956.S16 C.X.O.A Tex.P. 753.173 L ouis.A Xashtf 3.655,325 Mobile A Ohio. 806.351 Southern Ry_ _ 4.436.35S Yazoo A M.Val 606,766 T o ta l (68 roa d s) ______ 8 1 ,5 7 8 ,2 8 8 7 1 ,1 8 6 ,1 8 1 N et Increase (1 4 .6 0 % ) + 10392107 9 6 ,4 8 4 9 4 ,2 7 6 • + 68,345 + 4 3 ,6 3 6 + 4 5 ,0 0 0 — 2 ,0 4 5 + 183,798 736 907 321 263 1,730 736 884 321 263 1,730 d Includes earnings of A tlanta K noxville A Northern in 1904, 1905 and 1906. G R O SS E A R N IN G S F R O M E A R N IN G S OF S O U T H W E S T E R N G R O U P . July. 1906. 1905. 1904. 1903. 1902. 1901. Colo. A South. Den. A R io Gr. Int. A Gt. Nor. Mo.Kan. A Tex. Mo.P.ACent.Br St.Louis A S.W Texas A Pacific 0982,532 1,654.300 513,000 1.848,354 3.S32.953 732.744 991,635 s S 872,501 1,469,400 486.522 1,626,731 3,629,091 670,181 S22.379 S 675,053 1,321,638 406,060 1,388,397 3,344,665 641.9S1 759,240 S 803,665 1,519,392 412,597 1,327,102 3.601,152 553,538 783,780 S 748,740 1,516,784 327,156 1,271,559 3,078,782 526.869 697,614 S 630.718 1.463,374 328,295 1,255,044 3,213,014 507,855 743,754 T otal_______ 10,555,518 9,576,805 8,537,034 9,001,226 8,167,504 8,142,054 a F or 1906 and 1905 includes Colorado & Southern. Fort W orth A D enver City and all affiliated lines except the Trinity and Brazos Valley; for previous years we have combined Colorado A Southern and F ort W orth & D enver City. EAR N IN G S OF N O R T H W E S T E R N A N D N O R T H P A C IF IC G R O U P. July. 1906. 1904. 1905. 1903. 1902. 1901. S S 8 S S Canadian P ac. 5,882,000 4,548,000 4,398,834 3,997,344 3,246,620 2,851,455 C hlc.G t.W e3t.. 680,682 618,492 a719,893 528,714 605,298 548,793 Dul.So.Sh.AAtl 279,213 265,239 255,628 236,908 267,217 254,311 Gt.N orth.Syst. 5,023,951 3,895,160 3,672,715 3,586,024 3,459,845 2,679,558 Iow a Central.. 194,759 215,121 231.289 177,177 193,386 208.478 Minn. A St. L . 306,742 297,401 246,815 297,160 246,228 317.513 M.St.P A S S.M 589,732 641.479 998,345 445,919 746,547 592,278 Northern P ac. 5.534,353 4,568,896 4,071,388 4,144,635 3,850,370 3,190,066 L * ft T o t a l........... 18,975,786 15,143,687 13,990,239 13,704,643 12,491,114 10,502,502 a Results are based on i l l miles less road after 1904. G R O SS E A R N IN G S A N D M IL E A G E IN J U L Y . Gross E arnings. Name of Road. 1906. $ A la b a m a G reat S o u th e r n , 323,768 A la N O & T e x P a c— N ew O rleans A N E a s t. 2 58,140 A la b a m a A V ic k s b u r g . 108,985 V iek ab S h reve A P a c 120,430 B a ltim o re A O h io ________ 6 ,5 4 4 ,8 4 6 B e llcfo n te C e n tra l___ 3,775 B u ffa lo R o ch A P lt t s b ___ 558.712 C anadian N o r th e r n _______ 603,800 C anadian P a c ific ____ ' 5 ,8 8 2 ,0 0 0 C entral o f G e o rg ia ____ 956,816 C h a tta n o o g a S ou th ern | 16,782 C h ica g o G reat W estern 7 19,893 C h ica g o In d A L ou isv ille 498,317 C h ica g o Ind A S ou th 166.078 C h ica g o T erm T rans 139,836 ^ n c in N O A T e x P a c 7 53.173 C in cin n ati N o r t h e r n .. 88 ,3 5 3 C leve Cln C h ic A St L ___ 2 ,1 4 3 ,3 6 4 P eoria 4: E a ste rn .......... ! 2 44,637 C olora d o & S ou th ern , Inc F t W o rth A D en C ity 9 8 2 ,5 3 2 D e n v e r A R io G r a n d e . .. 1 ,654,300 D e tro it A M a ck in a c. 9 8 ,4 7 9 D et T ol dc I ro n to n , Incl. '• A n n A rb o r s y s te m . 3 2 2 ,9 7 7 D u lu th S o Sh dc A tla n tic 2 7 9 ,2 1 3 G eorg ia S ou th dc F lorida 158,197 G rand T ru n k o f C anada G rand T ru n k W e s te r n ; 3 ,6 0 6 ,2 3 4 D e t G r H dc M ilw aukee C an ad a A tla n tic J Gt N o rth e rn , St P M dc M , Incl E o f Minn 4 ,7 7 6 ,4 3 6 M on ta n a Central 24 7 ,5 1 5 G u lf dc Ship Island 189,158 Illin ois C en tra l. 4 .3 6 6 .6 2 2 Internat dc Great North 5 13 .000 Iowa Central___ 2 31.289 190 5 . S 29 1 ,7 7 9 M ileage. In c. ( + ) or D ec. (— ) 1906. 1905. S + 31 ,9 8 9 309 309 2 3 0 ,5 2 8 + 2 7 ,6 1 2 102,391 + 6,5 9 4 101 ,213 + 19,217 5 ,7 6 8 ,8 2 9 + 7 7 6 ,0 1 7 4,1 7 6 — 401 76 6 ,4 8 7 — 2 0 7 ,7 7 5 39 5 ,1 0 0 + 2 0 8 ,7 0 0 4 ,5 4 8 ,0 0 0 + 1 ,3 3 4 ,0 0 0 8 7 7 ,9 6 0 + 7 8 ,8 5 6 10,516 + 6,266 6 18,492 + 101 ,401 48 9 ,5 7 7 + 8 ,7 4 0 1 67,677 — 1,599 1 40,453 — 617 6 13.386 + 1 39,787 70,930 + 17.123 1 ,8 90,912 + 2 5 2 ,4 5 2 21 3 ,8 9 2 + 30 ,7 4 5 196 143 189 4,027 27 538 2,4 0 2 8.7 7 6 1,878 105 818 591 340 102 336 248 1 ,983 350 196 143 189 4,027 27 538 1 ,876 8,5 6 8 1 ,878 105 818 591 212 102 336 248 1,940 350 872,501 1 ,4 6 9 ,4 0 0 85 ,2 8 9 + 110,03 J + 184,900 + 13,190 1 ,646 2,4 7 0 333 1 ,649 2,470 332 27 1 ,8 7 5 2 54,311 148,270 + 5 1 ,1 0 2 + 2 4 ,9 0 2 + 9 ,9 2 7 684 586 395 684 586 395 3 ,2 2 9 ,2 1 3 + 377,021 4,5 2 8 4,5 5 4 3 ,6 9 4 ,3 2 9 + 1 ,0 8 2 ,1 0 7 200.831 + 46.684 173.850 + 15.308 3 ,7 4 8 ,9 9 9 + 6 1 7 .6 2 3 48 6 .5 2 2 + 26.478 215,121 + 16,168 5,8 6 0 250 307 4 ,4 2 3 1,159 558 5,701 250 280 4.374 1 .159 558 Name of Road. JA N U A R Y 1 TO JU L Y 1905. 1906. $ A la b a m a G reat S o u th e r n . _ A la . N ew O rl. A T e x a s P a c . N ew O rleans dc N o r. E a st A la b a m a A V ic k s b u r g ___ V ick sb u rg S h re v e . dc P a c . B a ltim o re dc O h i o . . _______ B e lle fo n te C e n t r a l__________ B u ffa lo R o ch e ste r dc P it t s . _ C a n a d ia n N o r t h e r n ________ C anadian P a c i f i c ___________ C entral o f G e o r g ia _________ C h a tta n o o g a S o u t h e r n ____ C h ica g o G reat W e s te r n ____ C h ica g o In d . dc S o u th e r n . _ C h ica g o In d ia n a p . dc L o u is. C h ica g o T e rm . T r a n s _______ C incin N O dc T e x a s P a c ific . C in cin n a ti N o r t h e r n _______ C leve. Cin. Chic. A St. L ou is P e o ria A E a ste r n ________ C o lo ra d o A S o u th e rn , in cl. F t. W o r th dc D e n v e r C ity D e n v e r A R io G r a n d e ______ D e tro it dc M a c k in a c ________ D e tr o it T o le d o dc Ir o n to n , in cl. A n n A r b o r S y s t e m . D u lu th S ou th S h ore dc A t l . G eorg ia S ou th ern dc F lo r id a G ran d T ru n k o f C a n a d a ___ G rand T ru n k W e s te r n ___ D e tro it G r. H a v . dc M ilw . C anada dc A t la n t ic _______ G rea t N o rth . S t. P . M .d cM . in clu d . E astern o f M in n . M on ta n a C entral G u lf & Ship Is la n d _________ Illin ois C e n tra l___ In tern a tion a l dc G r. N o r th I Io w a C en tra l________________ L a k e Erie dc W e s te r n _______ L ak e S hore A M ich . S o u t h . L ou isv ille dc N a sh v ille ______ M a con dc B irm in g h a m _____ M a n is tiq u e _____________ M ich igan C e n tra l______ M ineral R a n g e ___ M in n eapolis dc S t. L ou is M inn. S t. P a u l dc S. S. M M issouri K an sas A T e x a s M issouri P a cific dc Iro n M t_ C entral B r a n c h ___________ M obile dc O h io _____________ N e v a d a C aliforn ia dc O reg on V . V . Central dc H u d . R iv e r N Y . C h ica g o A S t. L o u is . N orth ern P a cific . P ittsb u rg h & L a k e E r i e . . . R io G ran de S o u th e r n ______ R u tla n d _________ St. L ouis S o u th w e s te r n ____ S ou th ern In d ia n a . _ S ou th ern R a ilw a y T e x a s Central T e x a s dc P a c ific , __________ T o le d o P eoria dc W e s te r n . T o le d o St. Louis A W e ste rn T o r o n t o H a m ilton & B u ff \ Irglnla dc S ou th W e ste rn \\ a b a s h . M aryland \\ heeling dc L ak e Plrle. Y a z o o dc M ississippi V a lle y . T o ta l (68 r o a d s ). . N et increase ( 1 5 .5 6 % ) . . . Increase. 31. Decrease. $ 2 ,2 4 7 ,2 9 6 1 ,9 1 9 ,5 1 8 3 2 7 ,7 7 8 1 ,8 6 8 ,7 1 8 83 9 ,0 3 5 8 4 4 ,1 8 7 4 5 ,3 2 6 ,4 9 4 31,759 3 ,7 7 2 ,9 5 2 3 ,4 7 3 ,7 0 0 3 6 ,1 1 2 ,4 3 1 6 ,4 7 2 ,8 4 6 8 8 ,6 9 8 4 ,9 3 2 ,8 0 2 1,312,341 3 ,2 7 3 ,7 9 4 977,775 5 ,1 7 5 ,5 6 3 5 6 4 ,1 1 4 1 3 ,5 0 5 ,8 8 2 1,7 0 6 ,1 9 3 1 ,5 6 1 ,7 5 2 74 5 ,0 3 5 7 7 1 ,7 2 5 3 8 ,9 1 4 ,0 9 4 3 3 ,6 5 6 4 ,7 1 8 ,7 1 1 2 ,1 6 8 ,2 0 0 2 7 ,8 2 3 ,8 3 2 5 ,5 2 8 ,9 5 2 63,283 4 ,2 4 0 ,0 7 0 1 ,2 0 4 ,5 5 0 3,1 7 9 ,5 8 1 890,665 4 ,2 5 2 ,2 9 5 4 5 0 ,5 7 9 1 2 ,1 2 1 ,9 3 5 1 ,5 2 0 ,7 9 6 30 6 ,9 6 6 94,000 7 2 ,4 6 2 6 ,4 1 2 ,4 0 0 1 ,3 0 5 ,5 0 0 8 ,2 8 8 ,5 9 9 94 3 ,8 9 4 2 5 ,4 1 5 692,732 107,791 94,213 87 ,1 1 0 92 3 ,2 6 8 113,535 1 ,3 8 3 ,9 4 7 185,397 6 ,7 1 6 ,4 5 8 1 1 ,1 4 1 ,0 0 2 7 0 8 ,3 8 6 5 ,5 0 2 ,0 6 8 9 ,4 9 4 ,3 1 9 587,644 1 ,2 1 4 ,3 9 0 1 ,6 4 6 ,6 8 3 120,742 2 ,2 3 0 ,4 5 2 1,743,741 1 ,1 6 4 ,1 2 6 1 ,8 4 8 ,6 9 3 1 ,5 9 9 ,7 4 3 985,251 381,759 143,998 178,875 1 ^ 22,516,438 I 2 0 ,4 6 9 ,7 2 5 2 ,0 4 6 ,7 1 3 2 2 ,0 8 3 ,153 1,400 ,202 1,105 ,096 27,387 ,046 3,328 ,149 1,479 ,251 2,661 ,146 21,271 .148 22,285 ,687 71 ,877 53 ,973 12,597 ,851 392 .614 1,796 ,005 4,823 ,473 10,750 ,317 22,502 ,346 956 .983 4 ,7 2 8 ,852 116 .985 46,324 .861 5,011 ,738 28,312 ,833 7,122 .866 262 .699 1 ,372 ,714 4 .777 .378 750 ,805 27,238 ,224 414 ,121 6,4 68 ,363 693 ,130 2,110 .671 378 ,014 455 ,885 12,891 ,692 2,310 ,369 2 ,6 9 7 .883 4,569 ,558 5,448 .478 222 ,320 228 ,254 3 ,2 9 6 ,759 248 ,784 186 ,443 297 ,472 2 ,9 2 0 ,379 3,214 ,166 20 ,198 10 ,220 2 ,1 4 0 ,262 18 ,439 217 ,336 1,616 ,665 920 ,766 2,259 ,127 14 ,530 1,009 ,162 4 ,414 4,283 ,585 682 ,983 6,395 .723 1 .240 .063 51 .812 145 .077 350 ,179 89 ,136 4 ,2 3 5 .127 78 ,987 1 ,126 .760 2 7 ,5 3 1 ,6 3 1 1 ,6 2 2 ,5 2 2 1 ,3 3 3 ,3 5 0 3 0 ,6 8 3 ,8 0 5 3 ,5 7 6 ,9 3 3 1 ,6 6 5 ,6 9 4 2 ,9 5 8 ,6 1 8 2 4 ,1 9 1 ,5 2 7 2 5 ,4 9 9 ,8 5 3 92,075 64,193 1 4 ,7 3 8 ,1 1 3 411.053 2,013,341 6 ,4 4 0 .1 3 8 11,671 ,083 2 4 .7 6 1 ,4 7 3 971 ,513 5 ,7 3 8 ,0 1 4 121 .399 5 0 ,6 0 8 ,4 4 6 5 ,694,721 3 4 ,7 0 8 .5 5 6 8 ,3 6 2 ,9 2 9 314.511 1 ,5 1 7 ,7 9 1 1 5,127,557| 839,941 31,473.351 493,108 7 ,5 9 5 ,1 2 3 703 ,7 4 6 2 ,3 8 3 ,6 2 2 43 4 ,9 8 0 617 ,2 6 3 1 4 ,602,016 2.94 1 .660 2 .8 2 5 .9 9 5 5 ,3 8 7 ,6 1 6 1,897 94 5 ,7 5 9 10 , 616 272 , 9 5 1 56 ,966 161 ,378 1 .710 ,344 631 ,291 128 .112 818 ,058 541 .4 66,463 468 ,552 ,630 73 ,86 1 .489 M exican H oad s (n o t In clu d e d In tota ls) — I n terocea n lc o f M e x ico 4 ,0 7 7 ,9 2 2 M exican In te rn a tio n a l 4 .589 817 M exican R a ilw a y , 4 ,059.500 M exican S ou th ern 731 ,830 N ation al R R . o f M e x i c o . . J 8 ,5 5 9 .9 3 0 , 947,656 7 2 ,9 1 3 ,8 3 3 3 .7 4 2 .8 0 2 3,751 ,132 3.64 8,000 71 9 .9 4 6 7 .0 9 2 ,5 5 2 335,120 838.685| 410,900 1 1 .884; 1 .467,378 V T hese figures are d o w n to th e en d o f th e th ird w eek o f J u ly o n ly . THE CHRONICLE 358 IT E M S A B O U T BANKS, BANKERS AND TRU ST CO ’S — The public sales o f bank stocks this week aggregate 20 shares, o f w hich 16 shares were sold at auction and 4 shares at the Stock E xchange. One lot o f trust com p an y stock , am ounting to 10 shares, was also sold at auction. F ive shares o f stock o f the German E xchange B ank, which had n ot been dealt in since March 1905 were sold at 4 5 5 — an advance o f 55 points. [V O L . LXXX1I1, of Chelsea has offered to paj' depositors o f the First National 5 0 % of their deposits. At the time o f the last statem ent to the Com ptroller o f the Currency, the First National had a capital o f $300,000, surplus and undivided profits of $139,342 and deposits of abou t $700,000. The institution was or ganized in 1850. S. B. H inckley is President and W. W hit tlesey Cashier. — The Marine National Bank o f B uffalo, N. Y ., paid to its stockholders on W ednesday last the unusual dividend of B A N N ewS Y — . K ork b ow . H igh . C lose. L a s t p rev iou s s a l e . G e r m a n E x c h_ a _ n _ g 4 e 5'4.5 B4 5a'/in 4k 5H5 March 1 0 0 5 — 4 0 5 5 2 % , it being the b a n k ’s 56th birthday. As previously 5 0 H a n o v e r N a t _ i o_ n_ a 4 l 9 5 B a n 4k 9 5 4 9 5 '4 . J u l y 1 9 0 0 — 4 9 8 M a n h a tta n C o . , B'A a 2 n 9 Vx o2 9f'45 t JhJ u n e2 9 5 k5 e 1 9 0noted 3in 0these colum ns, the enlarged capital of $1,500,000 'A 6 — 0 T R U S T C O — Brookli/n. N Y M P A also becam e effective on4 that date. In addition to its new P e o p l e ’ Co_ T _ r _u _s _t _ _ 3 _2 5 s 3 2 5 3 2 5 'A M a y 1 9 0 6 — 3 8 capital of $1,500,000, the bank will still have a surplus left of S o ld a t th e S t o c k E x c h a n g e . S hares. 5 11 xi 1 0 x — The sixteenth annual convention of the Ohio Bankers’ Association was held on W ednesday and Thursday at the H otel V ictory , P ut-in-B ay Island, on Lake Erie. The at tendance was very large. Melville E. Ingalls, President o f the M erchants’ National Bank o f Cincinnati and Chairman of the board of directors o f the Cleveland Cincinnati Chicago 6 St. Louis R y ., was one o f the speakers. Mr. Ingalls declared that the various trade laws which have recently been passed— and particularly the Hepburn Railroad R ate measure and the Sherman A nti-T rust law — constitute the greatest menace of the day to Am erican business and banking interests. A strong poin t m ade b y Mr. Ingalls was that the U nited States, having ju st started in its developm ent, this developm ent depends upon wise and generous encourage m ent. Y et, Mr. Ingalls says, under the construction placed on the Sherman A ct b y the cou rts, any business man who com es to an agreement with a com petitor is guilty of an act in restraint o f trade and hence is liable to punishm entThe com m on people , Mr. Ingalls believes, would suffer more than any one else from such a suppression o f business. Mr. J. J. S u lliva n , President of the Central National Bank of Cleveland, d elivered an address in which, in a few wellchosen w ords, he m ade som e suggestions to his brother bankers upon the su bject of legislation looking to the super vision of State banks. Mr. Sullivan truthfully declared that the banks ol the country are the m ost im portant instrum en tality in the m odern S3rtem of industry and th at it is of the utm ost im portance that the laws o f the cou ntry governing the banks should be m ost exacting. — In these colum ns on July 28 last we announced the organization o f a new State bank for B rooklyn, N. Y ., to be known as the Memorial Arch Bank, of which Mr. H arold A. D avidson, Secretary o f the H om e Trust Co. o f B rooklyn, was to b e t h e President. Since that tim e the original plans have been changed and it is now proposed to call the new institution the M ontauk Bank. It will have a capital of $100,000 and a surplus of $50,000, and will locate at Fifth A venue and Union Street. The presidency of the new bank has been accepted b y Mr. Stephen M. Griswold, who was form erly President o f the Union Bank of B rooklyn. Mr. Harrie B. Conlin, who is now connected with the Market & Fulton National Bank of this city , will be Cashier of the M ontauk Bank. It is proposed to open for business abou t January 1 next. — A t the special meeting on T uesday, the stockholders o f the W ashington Trust Co. of Boston form ally ratified the proposition to transfer the business of the institution to the Beacon Trust Co. References to the absorption of the W ashington Trust b y the Beacon Trust have been made in these colum ns from tim e to tim e. It is understood the stockholders o f the W ashington will receive $165 a share through the liquidation, the par of shares being $150. — Mr. James D . Safford, Vice-President of the Union Trust Co. o f Springfield, Mass., died on M onday last of loco m otor ataxia, from w hich he had suffered for tw o years. In addition to being an official o f the Union Trust C o., Mr. Safford was a director in several other corporations and was prom inent in financial and banking circles. He organized the City National Bank of Springfield in 1879, and was Presi dent o f that institution until its absorption b y the Union Trust Co. last February, when he becam e V ice-President o f the latter institution. Mr. Safford was 64 y|ars o f age. $1,000,000 after the paym ent o f the d iv id en d . The Marine now has deposits o f abou t tw enty millions of dollars Stephen M. Clement is President. — The directors o f the Farm ers’ D eposit N ational Bank of Pittsburgh on Friday approved a proposition to increase the capital o f the institution from $800,000 to $6,000,000. A special m eeting o f the stockholders has been called for Sept. 20 to ratify the p rop osition . It is proposed to allot present stockholders 750 shares o f new stock for each 100 shares now held. This m ovem en t is a result o f the require ment under the law recently enacted b y Congress that banks must n ot loan more than 10 % o f their capital and surplus nor more than 3 0 % o f their capital to any one com pan y or individual. Besides its capital o f $800,000, the Farm ers’ Deposit National has surplus and undivided profits o f abou t 73^ million dollars and deposits o f approxim ately $22,000,- 000. — Mr. D udley V. Sutphin, who in F ebruary last was elected V ice-President and a director o f the Third National Bank of C incinnati, on Thursday o f last w eek resigned these offices to resume his practice of the law. Mr. Sutpbin’s successor has n ot as y e t been chosen. — The Fourth National Bank of Cincinnati on Saturday last rem oved from its quarters in Third Street, where it has been located for the past 35 years, to its handsom e new 10story building in Fourth Street, betw een Vine and W al nut Streets. — A t the annual meeting of the stockholders of the A m eri can Guaranty Co. of Chicago the retiring directors were re elected for the ensuing year. The com p a n y declared the usual annual dividend of 6 % , the business for the year be ing reported satisfactory. The com p a n y ’s statem ent of condition as of July 31 shows capital o f $500,000, surplus and undivided profits of $677,443 and total resources of $2,003,231. The old officials were re-elected, the staff con sisting of F red’ k M. Steele, President; Charles L. F m y , Vice-President; Lewis W . Pitcher. Secretary) and James L. B igelow , Treasurer. — On M onday Judge Gibbons o f the Circuit Court at Chi cago, upon petition o f a creditor, appointed the Chicago Title & Trust Co. receiver o f the Milwaukee Avenue State Bank o f Chicago, w hich— as noted in these colum ns last week— closed its doors on M onday o f last week. Mr. John C. Fetzer had previously been appointed receiver o f the sus pended institution, and, it is said, will contest the appoin t ment o f the Chicago Title & Trust Co. Mr. Fretzer has announced that the paym ent of a dividend of 2 0 % to the depositors had been begun. Paul O. Stensland, the President of the Milwaukee A venue State B k, for whom a warrant has been issued charging him with violation of the State banking laws, has not as y e t been apprehended, and the banks of the Chicago Clearing H ouse Association have offered a reward of $5,000 for his arrest. — Alexander R . Chisholm, paying teller of the First National Bank of Birmingham, A la ., was arrested on M on day charged with the em bezzlem ent of $97,000 of the funds of the bank. It is understood that Chisholm has made a confession to the directors of the institution in which he stated that he had lost the m on ey in speculation in cotton futures. A t the same tim e, W . L. Sims and C. M. H ayes, respectively Manager and Assistant Manager o f a B irm ing ham cotton-brokerage house, were arrested on a charge of — The First National Bank of Chelsea, Mass., closed its aiding and abetting the em bezzlem ent of national bank funds. doors on Thursday b y order of National Bank E xam iner The stability of the First National is n ot affected b y the Ew er, ow ing, it is said, to excessive loans to officers and di defalcation, as the institution had surplus and u n divided rectors of the institution. The W innisim m et National Bank profits of $540,789. A u g . 18 IM P O R T S A N D E X P O R T S F O R J U L Y . The Bureau of Statistics at Washington has issued the statement of the country’s foreign trade for July, and from it ami from previous statements we have prepared the fol lowing interesting summaries: f o r e ig n t r a d e m o v e m e n t o f t h e e x it e d s t a t e s . On the following tables three ciphers (000) tire In all eases omitted.) -------------------- 1906--------------------- ---- -------------------- 1905--------t lx ports. I ill ports. E xcess. E xcess. E xports. Im ports. S 5 S S $ Merchandise. 5 + 55.589 + 133,528 367, 147 3 1 1.858 Jan. Melt 4S7.881 324.353 95.1 10 + 33,465 + 37.062 128,575 107,318 April 144.380 92.526 123.704 + 25.639 + 31 ,268 104,909 Mat 130,548 90,4 17 + 30,706 121.153 + 24,254 100,780 June 135.034 107,930 84,513 + 23,417 + 3,929 107,621 Jul\ 111.550 969,393 744.981 Total Gold and Gold i n Ore. 10,316 20,147 2,486 14,942 April — 34.911 5.722 Mav 2.369 3,256 June 1.303 9,838 July + 224.412 848,899 674,454 + 174,445 + 9.831 — 12,456 — 29,189 + 887 — 8,535 34,015 1.304 482 4,031 1.159 9,223 2,581 2.657 2.149 4,973 + 24.792 — 1 277 — 2,175 + 1,882 — 3,81 l 32,914 72,370 Total . Sil ver an d Silver in Ore. 12.677 19,165 Jan.-Mch 4,214 2,834 April . . 4,406 5,540 3,760 4,518 Juiic 3,271 4,361 July ____ — 39,462 40.991 21,583 + 19,408 + 6.488 + 1,380 + 1.134 + 758 + 1.090 12,592 2,318 5.426 4.745 4,285 6.515 2,560 3,742 2,356 2,976 + 6.077 — 242 + 1,684 + 2,389 + 1.309 26,948 + 10.850 29,366 18,149 + 11,217 Total___ 37,798 — Excessbl exports. 359 THE CHRONICLE. 11*116. | — Excess of imports. iU o n c tn yijI (l o m m c v c ia l *£n g li sh H eu is (From our own correspondent.) L o n d o n , S a t u r d a y , A u g u s t 4 1906. Political considerations which have for so long dominated the London Stock Exchange, as indeed all the bourses of Europe, have this week been once more the predominating feature. As was the case a week ago, they have, on the whole, been favorable,in contra-distinction to the baneful influences which have been operative for so many months past. The dissolution of the Russian Duma last week, contrary to expectations which were held in some quarters, w a s taken both by the London and the Continental markets in a favorable sense. The markets appear to have arrived at the conclusion that the demands of the Duma were im practicable in the present state of Russia, and its end, far f m m causing depression in the markets, was seized upon as a reason for putting up prices. The old Russian 4s, which had been down to nearly 69. were rushed up to 72A , while 2 the new issue, which had been at nearly 13 discount, rose to s ! ■ fliscount. The outbreak this week of mutiny in various > parts of Russia, and especially at the great arsenal at Kron stadt, has again caused some anxiety. But the ease with which the Government has dealt with outbreaks in different parts of the empire of late, and particularly during the past f«'w days in Finland, leads the market to attach compara tively little influence to the occurrence. The weakness of Russian securities, however, from which they have partially reenvered, must not be wholly attributed to political con siderations. It is of course well known that the recent Rus siaa i<sue has not as yet been firmly placed amongst in vestors; and the Paris financiers had to find very large sums of money for the monthly carry over. Quite apart from politics, some depression might almost certainly have been lo o k e d for In addition to the settlement, the market had t find more than 2 % millions sterling in calls upon the loan. < So far as our own markets are concerned, the most im portant influence of the week has been the promulgation of the Constitution for the Transvaal. It has been very favor ably received in London, upon the Continent, where South African mining shares are largely dealt in, and in South Africa itself. The Opposition, both in Parliament and in tic- press, made, as was to have been expected, a vigorous onslaught on the provisions of the new scheme. But the real feeling of the market is one almost approaching grati tude to the present Government which it had become accus tomed to dread for the fair and almost handsome manner in which it has been dealt with. It has to be borne in mind that England is governed by a party system, and conse quently our Ministers are compelled to act on partly lines. No one denies that there is a large and by no means uninfluential section of the Liberal Party which is absolutely hostile to the mining industry, root and branch, and has been since its inception. They were opposed to the war, and, w ere, they numerous enough to carry their point, many are in doubt as to whether they would be willing after all that ha.- happened to retain the colony in the Empire at all. The market appreciates all this, and appreciates the great difficulty which the Cabinet has experienced in drawing up the Constitution. The concessions it has made in the interests of the South African mining industry will not win it a -inch- vote from any section, anil may lose it the support of some of the more extreme section of its followers. It seems generally to be understood, both by the market and by politicians, that the Constitution will give the British some slight advantage in the way of a majority in the Lower House of the new Chamber to be elected, but that the Home Government has made a distinct sacrifice in which it loses a clear party advantage in creating an Upper House. This is done, Downing Street believes, for the good of the new colony, and is contrary to its own interests from a purely House of Commons standpoint. With the turn of the new month money has again become easier and somewhat more plentiful. But, throughout the week previously it had been very scarce and very dear. There have been the usual end of the month requirements to meet during the very height of the holiday season, and various “calls” have come upon the market, notably that of the new Russian issue already referred to. The result has been that although about half a million sterling has been received into the vaults of the Bank of England during the week covered by the usual Thursday statement, the whole of this has been withdrawn for the Provinces, and some £600,000 in addition. As a consequence the reserve is more than a million down on balance, having declined to a little over 243^ millions sterling, or some 47L|% of the Bank’s liabilities. Although this is a very big fall during the week, the reserve is in fact only about half a million lower than it was at this time a year ago, when its proportion to the lia bilities was very much the same as it is now. The India Council offered for tender on Wednesday 70 lacs of drafts, and the applications exceeded 444 lacs, at prices ranging from Is. 3 31-32d. to Is. 4 l-32d. per rupee. Ap plicants for bills at Is. 4d. and for telegraphic transfers at Is. 4 l-32d. per rupee were allotted about 21% of the amount applied for. The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &c., compared with the last four years: 1906. 1905. 1904. Aug. 1. £ Aug. 2. £ Aug. 3. 1903. Aug. 5 1902.1 Aug. 6 . £ £ £ 3 0 .0 7 2 ,7 2 0 C ir c u l a t io n .________ 3 0 ,5 7 7 ,8 2 5 2 9 ,2 7 8 .2 3 5 3 0 ,6 9 1 ,3 4 5 3 0 ,5 1 6 ,2 6 0 P u b lic d e p o s i t s ____ 9 ,4 9 2 ,8 0 5 9 ,7 9 0 ,3 7 0 6 ,2 8 6 ,2 6 1 7 ,1 1 9 ,9 9 3 6 ,0 2 7 ,3 7 0 O th e r d e p o sits . . _ 4 2 ,3 9 4 ,8 9 3 4 1 ,7 3 5 ,3 2 2 3 9 ,9 3 7 ,0 2 2 4 1 ,2 3 4 ,5 4 0 4 3 ,3 5 7 .6 5 4 1 5 ,3 3 8 .6 2 2 1 6 ,9 8 2 ,3 3 6 G o v e r n m 't se cu ritie s 1 5 ,9 7 7 .1 3 3 1 6 ,7 5 2 ,4 4 4 1 5 .7 0 3 ,7 6 6 2 5 ,9 0 2 ,5 3 7 2 5 ,7 2 3 .4 3 6 O th e r s e cu ritie s ____ 2 9 .4 2 0 ,5 3 8 2 6 ,8 6 4 ,8 0 9 2 9 ,1 8 5 ,8 8 8 2 3 .1 0 9 ,3 4 1 R e se rv e n o te s & cn in 2 4 ,6 2 9 ,1 8 7 2 3 ,8 3 6 ,3 4 6 2 5 ,2 6 1 ,4 3 5 2 3 ,2 8 2 ,2 5 8 C o m & b u ll.,b o t h d e p 3 6 ,7 5 7 .0 1 2 3 6 ,5 7 8 ,1 0 6 3 6 ,8 8 4 ,1 5 5 3 4 ,1 1 0 ,4 9 3 3 5 ,0 2 4 ,6 8 6 P r o p , reserve to lia49 % h ilit ie s .. . _ _ p . c . 47 7-16 49 H 47 7-16 4m 3 Vi 3 3 3 B a n k r a t e _____ p . e. 2'A 94% 9 0 13-16 C o n s o ls , 214 p c __ S7 9 -1 6 9 0 5 -16 S7% 24K d. S i l v e r ____ ________ 30 l - 1 0 d . 27M d. 27d. 25'Ad. C le a r.-h o u se retu rn s 2 7 2 ,3 8 0 .0 0 0 2 7 6 ,0 0 3 ,0 0 0 1 9 7 ,8 4 2 ,0 0 0 1 7 6 ,4 9 2 ,0 0 0 1 7 5 ,7 6 6 ,0 0 0 T h e ra te s fo r m o n e y h a v e b e e n as fo llo w s : B a n k o l E n g la n d r a t e ________ Open Market rates— B an k bills— 3 —4 —6 T r a dbills— 3 e — 4 m o n t h s ____ m o n th s - _ _ m o n t h s -.. . m o n t h s ____ m o n t h s ____ Interest allowed Jor deposits— B y jo in t-s t o c k b a n k s ___ B y d is c o u n t h ou ses: A t c a l l ________________ 7 to 14 d a y s_ _ _ _ _ _ Aug. 3. 3'A 3 1 -16 314 @ 3 3 -16 3% 3'4 ®3'A 3'A @ 3 % July 27. 3A July 20. 3'A 3 H @ 3 3 -16 3% 3% @ 3 7 -16 3A 3H 3 H @ 3 3 -16 3'A @ 3 5 -16 3 Vs @3 A 3A 3'A @3% July 13. 3A 3 3 3 -1 6 3% 3 'A 3'A @ 3 % 2 . - 2 2 2 2 2 2 li / 2 2 2A 2% 2K The Bank rates of discount and open market rates at the chief Continental cities have been as follows: Aug. 4. July 28. Open Bank Rates ol Open Bank Interest at— Rale. Market. Rale. Market P aris...................... . . . 3 3 2% 2Vs Berlin _ _ 4% 3% 3A 4A Hamburg____ 4% 3A ■ - VA 3A Frankfort ___ 4% 3A ... 4 A 3 5-16 Amsterdam ____ - - 4 A 4H 41 4 4A Brussels ____ 3H 3A - - 3A 3M V ien n a_ __ _ ___ _ 4 4 3A 3A St. Petersburg . - - - 6'A nom. 6 A nom. Madrid . 4 4 - - - - 4'A 4'A Copenhagen ___ ----- 5 5 4'A m July 21. July 14 Bank Open Bank Open Rate. Market. Rale. Marktt. 2% 3 2% 3 4'A 3'A 4A 3A 3'A 4A 4'A 3A 4A 3% 4'A 3'A 4 3 4'A 4A 3'A 3'A 3'A 3'A 3% 4 4 3A 6K nom. 6'A nom. 4 4 4'A 4A 5 5 4A 4% Messrs. Pixlcy & Abell write as follows under date of August 2: ■ GOLD.— The Bank has bought about £750.000 of this week's arrivals ol bar gold and only a small balance has gone to Paris. Next week there is expected about £234.000 from South Africa and £220.000 from India and Australia. During the past week the Bank has received £676,000, mostly in bars, while £8,000 has been withdrawn for Chile. Arrivals— Capetown, £908,000; Australia, £263,000; Bom bay. £2.000; West Indies, £8.000: total, £1,181,000. Shipments— Bombay. £65,450; Calcutta, £10,000; total, £75,450. SILVER — The movements in silver have been small; the buying has been chiefly forward, and with cash In good supply the prices to-day of spot and forward are the same at 29 15-I6d. The market closes dull. Price in India. Its. 76% . Arrivals .Yew York, £104.000; China, £312.000: Australia, £2,000: West Indies. £4,000; total, £482,000. Shipments— Bombay, £05,900; Calcutta, £205,800: total, £271.700. MEXICAN DOLLARS.— There Is no fresh business to report in dollars. £2,000 lias arrived from America and £45,200 has been shipped to Calcutta. The quotations for bullion arc reported as follows: GOLD. Aug. 2. July 2 6 .\ SILVER. Aug. 2. July 26 London Standard. s. < 1 s. d. London Standard. d. d. Bar gold, fine, oz 77 954 77 9% IBar silver, fine, oz____ 29 15-16 30 1-10 sold, oz 76 45. 76 4% 2 mo. delivery, o z.29 15-16 30 German gold coin. o z .. 76 4% 76 45-4 ! Cake silver, oz_______ 32 5-10 32 7-16 French gold coin, oz_ 76 _ 4H 76 4?Y 1Mexican dollars............nom. nom. Japanese yen. oz . . . 76 4% 76 4 ** j a • The following shows the imports of cereal produce into the United Kingdom during the season to date compared with previous seasons: IMPORTS. Barty-cight weeks. 1905-06. 1904-05. 1903-04. 1902-03. Imports of wheat, cwl 85.380.990 96.333.400 84.062,730 77,496,143 Harley 19,426.800 19.904.000 29.843,726 24,337.468 Data 14,540.900 15,731.800 13.940,894 15.055.561 I’eaa 1,602,7752.076.8952.184.070 1,772.480 Beans................................................. 572,360 1,397.020 2,008.468 1.443,887 42 058 300 37.144,750 43,699.967 39.117.336 Indian c o n i... . ........... 13,437 170 10,173.320 18.030.313 17,1-93.847 H o u r ........................ 360 [Yol. lxxxiii. TIIE CHRONICLE Supplies available for consum ption on Septem ber 1): 1905-00. W h ea t im p orted , c w t ____________ 85,380,990 Im p orts o f flou r....... .............. 13,437,170 Sales o f h om e-g row n ______ _______ 27 ,6 0 4 ,3 0 8 (exclusive o f stock 1904-05. 96,333,400 10,173,320 13,626,017 1903-04. 1902-03. 8 4 ,062,730 77,490,443 18,030,343 17,893,847 16,813,436 22,715,851 lake and river ports for the week ending last Saturday and since A ug. 1, for each o f the last three years, have been: Flour. Receipts at— London. Week ending Aug. 17. Sat. M on. Tues. Wed. Thurs. a P rice per share, b £ sterling, c E x-d iv id e n d . D IV ID E N D S. T he follow in g dividen ds have been an nounced this week: Rye.% ” 2,730,739 244,640 198,422 663,370 263,000 144,557 142,410 661,373 64,000 1,329,000 788,000 4 J ,800 2,400 30,060 34,000 126,337 37,917 656,170 166,000 207,000 2,307,156 109,200 380,153 114,750 645.700 71.200 550,087 636,600 477,500 63,600 63,800 72,600: 200,903i 41,860 11,000 7,054 900 431,105 273.331 302,062 6,441,511 5,761,126 5,702,667 2,089,684 3,186,513 2,249,872 5,355,946 6,662,023 5,856,342 390,163 262,166 125,780 79,443 121,647 104,156 824,244 637,098 544,369 15,339,477 12,602,115 11,042,172 4,624,062 6,122,651 4,652,175 9,481,219 12,973,363 8,940,573 852,128 620,834 298,760 176,426 222,196 191,533 169,952 55,625 146,000 — 4,900 1,448 34,730 18,450 Since A u g. 1 1906_____ 1905_____ 1904_____ F ri. Silver, per oz_ _________ _d_ 30 5-16 30 5-16 30 7-16 30% 30% 30 9-16 88 1-16 87 15-16 8 7 % Consols, new, 2 % per cen ts. _ 88 1-16 8 7 % . 88 F or a cco u n t___ ________. 88 3-16 87 15-16 88 1-16 88% 88 1-16 87 15-16 - _ 97.90 F ren ch R entes (in P ar. ) ___ 9 7 .8 2 % 97.85 9 7 .7 7 % 97.85 b A n acon d a M ining C o ......... . 13% 13% 13% 13% 13% 13% A tch ison T op ek a & Santa F e 9 5 % 98% 98 97% 98% 98% 104 P r e f e r r e d .___ 104% 104 104 ________ 103% 103% 122% 124% 125% C l23% 121% B altim ore & O h io___________ .124% Preferred _____ ________ 96 c 94 94% 96 96 94% Canadian P a cific_____________173 173% 171% 171% 171% 172 Chesapeake & O h io_________ 6 2 % 62% 63% 63% 63% 62% Chicago G reat W estern _____ 19 19 19% 19% 19% 19 C hicago M ilwaukee & S t.P au l 191% 192% 193% 193% 194% 193% D en ver & R io Grande, c o m . _ 4 4 % 45 45% 45% 45% 45% P r e fe rre d .________________ 89 89 88% 88% 88% 88% E rie, com m o n _______________ 4 4 % 45 45% 45% 45% 45 F irst preferred ................ .. 8 1 % 81% 81% c80 80 80% Second preferred. _ ___ . 72 72% 72% 73% 73% 73% Illin ois Central _ . _____ .181 182 181 180 181 181% 150 150% 149 Louisville & N a s h v ille ____ .1 4 8 % 149% 149% M exican C entral___________ - 21% 22 21% 21% 21% 21% M o. K ansas & T exas, c o m . _ . 35 35% 35% 36% 36% 36 72 P referred. _ _________ - 70% 70% 73 72% 73% N ation al R R . o f M ex ico___ _ 41 41 41 41 42 42% N . Y . Central & H u d so n ___ .1 4 4 % 144% 145% 145% 146% 145% N . Y . O ntario & W estern . _ - 48% 49% 49% 49% 49% 49% N orfolk & W estern , com m on 9 4 % 95% 95% 95% 95% 95% Preferred _ __ ____ . 94 94 95 94 94 94 ___ _ N orthern P a c i f i c _________ .2 1 2 212 212% 213% 213% a P enn sylvania____ __ ______ - 70% 70 70 70% 71% 71% a R eadin g Co _______ ______ - 67% 68 68 69 69% 68% a F irst preferred ________ _ 48 47% 48 48 47% 47% a Second preferred______ _ 49 48% 48% 48% 48% 48% ___ R o c k Island C o ___________ - 2 6 % 26% 26% 27% 27% Southern P a c i f i c _________ _ 80 82% 80% 81% 85% 90 Southern R a ilw a y , com m on _ 38 38% 38% 38% 38% 38% P referred ______ ._ __ .1 0 2 % 102% 102% 102% 102% 102% U nion P acific, c o m m o n ___ .1 6 1 % 162% 163% 164% 168% 173 P r e f e r r e d ____ ____ ___ - 97% 98 98 98 98 98 U . S. Steel C orp., co m m o n . - 41% 42% 42% 42% 42 42% P referred ________ ____ .1 1 0 % 111 109% 109% 109% 111% 21 21 21 W abash _ ___________ _ - 20% 20% 20% P referred. . . _______ . 48 48 49 48 49 48% D ebenture “ B ’s” _____ 84% 84% 84% 84% 84 Barley. bbls. 196 lbs. bush. 60 lbs. Imsh. 56 lbs. bush. 32 lbs. C h ic a g o ____ 126,482,528 120,132,737 119,506,515 118,106,141 M ilw aukee. _ |30b. 5(1. 32s. 3(1. 28s. Od. 28s. l i d . D u lu th _____ 28s. 9d. 30s. 8 d . 27s. 2 d . 2 6 s. 2d. M inneapolis. o _____ The follow in g show s the quantities o f w heat, flour and T o le dit_____ D e tro m aize afloat to the U nited K in gd om : C leveland___ St. L o u i s ___ This week. Last week. 1904-05. 1903-04. P e o r i a .......... W h eat ...................................... _ _ q r s J 2,640,000 (2,4 5 4 .0 0 0 2,445,000 3,025,000 Kansas C ity . F lou r, equal t o _ _ .............. __qrs_j t 141,000 75,000 170,000 Maize ............................. qrs. 1,160,000 1,055,000 1,140,000 945,000 Tot.wk.'OO Sam e w k. '05 Sam e w k. '04 E n g lish F in a n cia l M a r k e ts — P e r C able. T ota l __________________ A verage price w h eat, w e e k .............. A verage price, season ....................... T he daily closing qu ota tion s for securities, & c., at L ondon as reported b y cable have been as follow s the past week: Oats. Corn. Wheat. 34,732 4,800 16,387 9,170 6,400 Total receipts of flour and grain at the seaboard ports for the week ended A ug. 11 1906 follow : Flour, bbls. Wheat. bush. Corn, bush. Oats, bush. 714,000 258,883 452,383 760,972 46,534 96,000 480.000 782.000 303,725 1,520 17,118 29,831 37,326 466,200 49,860 118,542 52,599 38,366 30.000 95.000 30,676 22,090 ’ 347”,383 41,079 207,274 T otal w eek _____ [ 369,066 W eek 1905________ 209,596 3,938,155 955,362 536,599 968,199 1,057,841 1,188,128 Receipts at— New Y o r k _____ . . B o s t o n ______ _ . . P h ila d e lp h ia ___ - . B altim ore______ __ R ic h m o n d _____ N ew port N ew s____ New O rle a n s.a ___ G alveston_________ N orfolk ___________ M ontreal..... ............. 103,653 47,640 67,584 70,355 3,020 9,693 14,355 87.000 19.000 Barley, bush. R ye , bush. 2,925 950 2,341 858 .......... 147,991 7,074 13,065 a R eceip ts d o n o t include grain passing through N ew Orleans for foreign ports on through bills o f lading. T ota l receipts at ports from Jan. 1 to A u g. ll^ c o m p a re as follow s fo r fou r years: Receipts of — F l o u r ..................... 1906. 9,755,127 1905. 6,228,331 1904. 11,001,452 1903. 12,862,306 W h e a t---------------------------b u sh . 48,928,907 C orn__________________________ 72,117,488 O ats__________________________ 47,125,359 7,516,020 Barley ---------------------------------R y e ---------------------------------------856,006 16,148,451 67,266,777 28,816,041 4,553,313 218,939 27,969,483 35,517,073 26,003,761 1,847,780 530,192 62,739,094 70,532,171 32,878,051 2,392,559 3,124,368 117,003,521 91,868,289 171,666,243 bbls. T otal grain------------------------- 176,543,780 The exports from the several seaboard p o rts fo r th e week ending A ug. 11 1906 are show n in the annexed statem ent: Exports from— Wheat, bush. Corn, bush. Flour, bbls. Oats, bush. New Y o r k ________ B o s t o n __________ P h ila d e lp h ia ____ B altim ore________ N orfolk __________ N ew port N ew s___ N ew O r le a n s____ G alveston________ M ontreal_________ 353,423 256,656 60,000 240,000 _______ 96,000 80,000 112,000 90,587 542,943 60,444 18,237 15,653 7,903 30,676 9,693 3,045 10,356 13,106 40,775 57,483 53,228 10,419 76", 573 T ota l w eek____ 1,288,666 Same tim e ,1 9 0 5 .- 283,751 Rye, Barley, bush. bush. Peas, bush. 4,312 l",666 90 ____ 30,000 4,164 750 _____ 39,292 744 196,402 _______ 25,346 42,768 39,292 1,040 6,806 1,040 63,890 683,163 169,113 976,257 89,396 The destination o f these exports for the w eek and sin ce Name of Company. R ailroads (S tea m ). B uffalo & Susquehanna, com m on (quar.) Preferred (qu ar.) (N o. 1 7 )___________ Canadian P acific, co m m o n ______________ P referred ______________________________ Chicago G reat W estern R y ., pref. “ A ” __ Cin. N. O. & T exas P a cific, pref. (qu ar.) N orth P ennsylvania (q u a r .)_____________ Southern P acific, co m m o n ______________ U nion P acific, co m m o n __________________ P referred______________________________ Street R a ilw a y s. A m erican R y s ., Philadelphia (q u a r .)___ Colum bus (O .) R a ilw a y , com . (q u a r .)___ G eorgia R y .& E lec. (A tla n ta )com . (quar.) Grand R apid s R y , co m m o n _____________ H ou g h ton C o.S t.R y .,H a n cock ,M ich ,p ref. K ansas City R y . & L ig h t, pref. (qu ar.) _ _ W h a tcom Co. (W a sh .) R y . & L t ., p r e f .. M iscellaneous. A m erican C o a l __________________________ A m erican G raphophone, com m on (q u a r ) B arney & Sm ith Car, co m m o n __________ Preferred (q u a r .)_____________________ B ord en ’s Condensed M ilk, co m m o n _____ Calum et & H ecla Mining (q u a r .)________ C onsolidated Gas, N . Y (q u a r .)________ G reat N orthern P aper (q u a r .)__________ Greene Cons. C opper (bi-m th ly) (N o. 19) In dep end en t B r e w .(P itts .), pref. (quar.) K ings Co. E lec. L ig h t & P ow er (q u a r.)__ N at. E nam . & S tam ping, pref. (qu ar.)__ N ational L ea d , com m on (q u a r .)________ Preferred (qu ar.) (N o. 5 9 )___________ Standard Oil (q u a r .)____________________ U nited States E n v elop e, preferred______ Per Cent. When Payable. Books Closed. Days Inclusive. July 1 1906 is as below : -Flour- 1% 1 3 2 2% 1% 2 2% 5 2 O ct. Sept. O ct. O ct. O ct. Sept. A u g. O ct. O ct. O ct. 1 1 1 1 1 1 25 1 1 1 1% 1% 1% 1 3 1% 3 Sept. Sept. A ug. Sept. O ct. Sept. Sept. 15 1 20 1 1 1 1 A u g. 31 to H olders of rec. A u g. 16 to H olders of rec. S ept. 15 to A ug. 20 to A ug. 21 to Sept. 9 A u g. 15 A ug. 20 A u g. 25 O ct. 1 Sept. 1 Sept. 1 5 1% 1 2 4 820 1 1% 4 1% 2 1% 1 1% 86 3 Sept. Sept. Sept. Sept. A ug. Sept. Sept. Sept. Sept. A u g. Sept. O ct. O ct. Sept. Sept. Sept. 1 15 15 1 15 20 15 1 15 25 1 1 1 15 15 1 A ug. 23 to H olders o f rec. S ept. 6 to A u g. 23 to A ug. 5 to H olders o f rec. A ug. 25 to A u g. 22 to A ug. 26 to H olders o f rec. A u g. 22 to Sept. Spet. S ept. Sept. A ug. A u g. S ept. A ug. S ept. A u g. A ug. H olders o f rec. A u g. 18 S ep t. 2 to O ct. 3 S ept. 2 to O ct. 3 A ug. 19 to Sept. 3 H olders o f rec. A ug. 15 S ept. 16 S ept. 16 to to O ct. O ct. 9 9 2 la 16 3 15 18 16 31 16 16 31 Sept. 16 to O ct. 1 A ug. 25 to S ept. 16 H olders o f rec. A u g. 20 a T ransfer books n o t closed. A u c t io n S a le s . — A m on g other securities the follow in g, n o t regularly dealt in at the B oard, were recen tly sold at au ction : B y Messrs. A drian H . Muller & Son: S tock . Stock. 5 G e rm a n E x c h a n g e B a n k - . 4 5 5 % 7 W a u k e s h a W a t e r C o _______ 139 11 B a n k o f M a n h a t ta n C o ____ 2 9 5 % 10 P e o p l e ’s T r u s t C o __________325 1 00 A m e r ic a n S a p p h ir e C o. B on ds. $10 e a c h ; $4 05 p e r sh a re $ 5 7 ,0 0 0 C r im o r a M a n g a n e s e 1st 10 0 U n io n T y p e w r it e r C o . 1st 6 s, 1 9 1 4 . M a r c h 1905 c o u p r e f . --------- ------------ ---------------- 1 1 8 % p o n s o n ------------------------------------ $ 1 ,0 0 0 B re a d stu ffs F ig u re s B ro u g h t fr o m P a g e 3 9 0 . — T he sta te m ents below are prepared b y us from figures collected b y the New Y o rk P roduce E xch an ge. The receipts at W estern Week Exports for week and Aug. 11. since July 1 to— bbls. United K in g d o m ___ C o n tin e n t. _ _ _ _ S o. and Cent. A m e r. W est I n d ie s _____ __ B rit. N o. A m er. Cols Other C ountries____ 67,558 52,297 24,007 20,975 3,689 587 -Wheat- Since July 1 1906. bbls. 532,455 198,355 68,045 151,452 10,217 42,623 Week Aug. 11. bush. 629,685 658,981 -C om Since July 1 1906. bush. 4,406,245 1,664,749 4,901 Week A ug. 11. bush. 1906. bush. 1,186 T o ta l_____________ 169,113 1,003,147 1,288,666 T otal 1905_________ 89,396 512,477 283,751 6,075,895 1,692,057 95,206 564,500 2,871 19,400 Since July 1 1,443,130 2,67S,476 26,790 213,836 7,439 135,917 683,163 976,257 4,505,588 5,808,665 The visible supply o f grain, com prising the stocks in granary at the principal points o f accu m u lation at lake and seaboard ports A u g. 11 1906, was as follow s: Wheat, bush. New Y o r k ______________ “ a float________ B o s t o n ________________ P h ila d e lp h ia ---------------B altim ore______________ New O r le a n s ---------------G alveston______________ M ontreal_______________ T o r o n t o _______________ B u ffa lo ________________ “ a floa t________ T o l e d o ________________ “ a floa t________ D e t r o it ________________ “ a floa t________ C hicago________________ “ a float________ M ilw au k ee-------------------‘‘ a floa t________ F ort W illia m __________ P ort A rth u r___________ D u lu t h ________________ “ a float________ M in n eapolis------------— St. L ouis_______________ “ a float________ Kansas C ity ----------------P eoria __________________ Indianapolis-----------------On Mississippi R iv e r— On L a k e s ______________ On Canal and R iv e r___ T ota l T otal T otal T otal T otal A ug. A u g. A ug. A ug. A u g, 11 4 12 13 15 C om , bush. Oats, bush. R ye, bush. Barley, bush. 715,000 _______ 333,000 398,000 1,407,000 178,000 953,000 539,000 _______ 512,000 ______ 791,000 ______ 434,000 ______ 7,066,000 _______ 130,000 ______ 593,000 410,000 1,698,000 ______ 7,944,000 3,864,000 ______ 1,567,000 159,000 570,000 ---------967,000 495,000 181,000 280,000 1,000 15,000 2S"666 38.000 321.000 104.000 14.000 49.000 130.000 71.000 95.000 119.000 _______ _______ 15,000 _______ _______ _______ ............. _______ 533",666 223.000 28,000 433.000 1,000 _______ 430,000 1,000 _______ 60,000 85",666 537”,666 22 ",666 " i ”,666 75",666 13 “ 666 40,666 11.1 1 1 1 ,072",666 7821666 5481666 IIIIII 34",666 Y slo o o 61”,666 44".666 13.000 344,000 127,000 471,000 231666 51.000 470.000 93.000 100,000 11,000 314,000 8,000 881666 1,000 213.000 32”,666 589.000 26.000 8,000 4981666 6371666 164.000 86,000 42,000 171.000 29,000 3.585.0 0 4.338.000 5.075.000 5.096.000 6.659.000 5.066.000 4.696.000 6.565.000 2.379.000 6.002.000 1.406.000 1.447.000 809.000 878.000 498.000 1.117.000 1.110.000 617.000 820.000 397,000 1 9 0 6 .-3 1 ,7 2 3 ,00 0 1 9 0 6 .-2 9 ,6 8 4 ,00 0 1 9 0 5 .-13,899,000 19 0 4 .-1 2 ,5 5 8 ,00 0 1 9 0 3 .. I 2 f538,000 Aug. 18 1900.] THE CHRONICLE S tatem ent of N ew Y ork C ity Clearing H ouse B a n k s.— The following statement shows the condition of the New Y ork City Clearing House banks for the week ending Aug. 11. It should be distinctly understood that as to ail items except capital and surplus the figures are the averages of the daily results, not the totals at the end of the week. In other w ords, in reporting loans and deposits and holdings of specie and legal tenders, the practice is to take the aggregate of the am ounts for the several days of the week and divide this aggregate by the number of days. W e o m it tw o c ip h e rs C a p ita l. B a n k s. om itted. S u rp lu s . (00) L oa n s. in a ll ca ses. S p e c ie . L eg a ls. D ep o s its, a Rese've S 1,697.0 2.203.0 1.030.5 1.630.0 2.471.2 152,0 11.183,8 1,915,8 281.7 621.1 52.8 802.0 674.9 1.313.3 13.S15.7 1,343,8 442,2 868,8 624,7 1,631,7 7.640.2 337.6 1,362.2 454,8 557,3 242,4 4,018.0 455,0 1,333,0 3,788,0 137,6 2,562,0 1,522,0 2,446,5 363,5 349,0 447,8 191.0 1,885,9 462,8 715,0 865,3 2,257,9 282,9 157,0 677,8 484,0 1,778,0 621,0 592,8 379,3 429,0 272,0 234,0 16 ,ISO,0 26,324,0 14.555,7 22.061.0 23,472.2 5.185.0 148,792,9 23,433,0 6,565,2 6.014,1 2.520.4 7.523.0 6.115.0 18.603,7 116,641,2 17,781,3 3.459.5 5,695,0 2,664.0 14,315,0 60.604,4 7,322,0 18,891,5 3,752,5 7.112,4 10,327,9 43,155,0 9.024,3 20,600,0 80,281.0 1,323.7 21,919.0 9,892,0 74,495,0 9,533,1 4,185,0 5,531,9 3,723,2 58,621,1 11,333,2 4,035,3 5,453,4 14,517,9 8,076,7 2,963,5 9,019,1 4,629,0 17,210,0 4,964,0 8.555,9 7,262,2 6,608,0 5,175,0 14,905,0 s % 26.1 32.0 25.3 25.8 24.4 23.9 27.6 26.0 25.0 25.0 24.1 24.0 26.1 24.1 25.5 25.2 23.0 25.9 28.0 24.4 26.5 25.4 25.5 20.9 26.3 24.7 25.2 21.3 25.5 26.1 24.0 28.3 24.7 24.7 25.4 24.5 24.2 22.6 25.0 26.1 23.0 25.1 25.1 27.2 25.6 19.8 25.4 26 4 27.7 22.4 24.4 20.4 25.4 23.9 00s Bank of N. Y . . Manhattan Co. M erchants'___ M echanics'-----A m e rica --------P h e n ix ........... .. City _________ C h e m ic a l------Merchants’ E x . Gallatin........... Butch. A D rov. Meeh.ATraders' G reen w ich ____ American Ex oh. Commerce......... M ercantile____ Pacific - ........... C h a th a m _____ People’s ........... North Am erica. H an over______ Ir v in g ------------Citizens’ C e n t.. N assau _______ Market A Fult’ n Metropolitan _. Com Exchange. O rie n ta l______ Imp. & Traders’ P a r k ............. .. East R iv e r ____ F o u r t h ............. Second ______ F ir s t .................. X . Y. Nat. E x . Bowery ........... N. Y. C ounty. _ German-Amer . Chase_________ Fifth A ven u e.. German Exch__ Germ ania_____ L nx>ln_______ G a r fie ld ______ F ift h ....... .......... M etrop olis____ West S id e -____ Seaboard______ 1st N at., Bklyn. L ib e rty _______ X . Y. Prod. Ex. New Amster_ _ Astor ............... S ta te__________ S 2,000.0 2.050.0 2.000.0 3.000.0 1.500.0 1.000.0 25,000.0 300.0 600.0 1.000.0 300.0 700.0 500.0 5.000.0 25.000.0 3.000.0 422,7 450,0 200.0 2,000.0 3.000.0 1,000.0 2.550,0 500.0 1,000.0 2,000.0 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 2C0.0 750,0 1,000,0 100,0 200,0 200,0 300,0 1,000.0 250,0 1,000,0 200.0 1,000,0 300.0 1,000,0 1.000,0 1,000,0 350.0 100,0 2,877,3 2,699.0 1,504.6 3.465.0 4.072.3 32S.4 19.400.3 7.748.5 439,2 2.307.0 156,1 390.4 604,2 4.548.3 13.008,4 4.628,4 676.4 1.030.0 453.1 2.041,2 7.622.4 1,133.9 7S9,5 335,2 1.458,9 662,1 3,578,3 1.154,4 7,00S,9 7,764.8 119,0 3,063,4 1.673,1 17,277,1 900,1 776.2 S42,2 577,3 5,731.6 1,789,5 778,2 904,7 1.565,8 1.344,9 457.6 1,684.6 811.6 1,170,6 680,3 2,161,8 533,4 239,1 639,8 1,324,5 $ 17.969.0 21.666.0 11,726.2 21.841.0 22.323.6 6.305,0 158,550,6 24,784.0 6.145.0 8.310.3 2.464.3 6.S28.0 5,436,7 26.710.6 138,434,3 20.925,6 3,284,5 5,685,2 2,227,7 14,919,8 51.577.9 7,611.0 18,891,6 3,456,8 7.343,S 10.054,4 35.274,0 9.657.7 23.657,7 70,187,0 1,209,7 1S,S89.0 9,95S,0 SS,463,4 9,608,8 3.536,0 5,037,9 3.915,2 51,628,8 9,755,8 3,426,1 4,399,5 13,359,3 7,623,9 2,905,0 9,760,0 4,253,0 14,883,0 4,593,0 10,827,1 6,286,7 5,745,8 5,175,0 12,979,0 $ 2,530,0 6,226.0 2.658.9 4.072.0 3.222.6 1.090.0 29,893.8 4.186.1 1.358.1 883,S 555,9 1,011.0 926.3 3,174.8 15.936.8 3,150.1 356.3 609.0 124,0 1.S65.6 8.445.6 1,527,4 3,473,2 332,4 1,319,2 2,309,9 6,863.0 1,469,6 3.926,0 17,169,0 180,9 3.651,0 925,0 15.955,0 2,059,2 677.0 895,5 652,7 12,781.3 2,496,2 215,0 506,8 1,393,1 1,922,9 602,8 1,109,8 692,0 2,771,0 755,0 1.330,9 1.394,7 923,8 1,044,0 3,337,0 T o t a l ______ 118,072,7 150,932,9 1072,468,3 188,939,0 85,058,6 1062,904,3 25.7 a a Total United States deposits included, $9,841,700. 361 N ew Y ork C ity, B oston and P hiladelphia B a n k s. — Below is a summary of the weekly returns of the Clearing House banks of New York City, Boston and Philadelphia. The New Y ork figures do not include results for non-member banks. W e o m it tw o c ip h e rs (00) In a ll these fig u res. Capital and Surplus. Banks. New York July 1 4 .. July 2 1 -July 2 8 -Aug. 4 -. Allg. 11- Boston. July 2 1 .. July 2 8 -. Aug. 4_. Aug. 1 1 .. Phila. July 2 1 .. July 2 8 -A ug. 4 -Aug. 1 1 .. Loans Specie. $ 267.581,1 267,581,1 267.581.1 269,005,6 269,005,6 $ 1036,233,4 1045,668,7 1058,415,1 1077,191,7 1072,468,3 S 182,941,3 193,066,3 194,450,9 195,547.2 188,939,0 S 85,872,5 87,509,5 89,470,8 87.725,3 85,058,6 S 1023,932.0 1044,739,2 1060,116,9 1076,599,3 1062,904,3 S 48.556.5 47,903,4 47,044,3 46,516,6 46,054,5 42.936,0 42,936,0 43,480,0 43,480,0 181,424,0 183,164,0 185,502,0 189,294,0 16,418,0 16,559,0 16,232,0 16,561,0 6,494,0 6,419,0 5,932,0 5,818,0 211,383.0 212,812,0 214,128,0 212,579.0 7,670,0 7.645,0 7,909,0 7,744.0 253,810,0 251,536,0 252,201,0 249,785,0 14,047,0 14,045,0 14,059,0 11,108,0 49,SCO,0 218,193.0 49,860,0 217,096,0 50,665,0 220,003,0 50,665,0 222,087,0! Legals. Deposits, a Circu lation. 61.022,0 61,397,0 59,523,0 56,412,0 Clearings. $ 1.674,316,4 1.620,418,2 1,588,067.7 1.899,879.9 1,638,231,3 •(•! 158,159.9 143,689.0 143,286,6 128,792,5 • *1 148,987,0 138,300,7 137,697,3 121,486,5 a Including for B oston and Philadelphia the item “ due to other banks’ ' and also Government deposits. F or Boston these Governm ent deposits am ounted on A ug. 11 to S I,500.000; on Aug. 4 to $1,407,000. Im p orts and E xp orts for the W e e k . — The following are the imports at New Y ork for the week ending for dry goods Aug. 9 and for the week ending for general merchandise Aug. 10; also totals since beginning first week in January. F O R E IG N IM P O R T S A T N E W Y O R K . For week. 1906. 1905. 1904. 1903. $3,133,377 13,543,660 $2,836,821 7,949,748 $2,364,039 8,099,574 $2,538,900 7,737,496 __________________ $16,677,037 $10,786,569 $10,463,613 $10,276,396 D ry G oods__________________ General Merchandise------------ $98,813,687 368,104,236 $86,063,744 343,419,098 $74,047,371 288,858,897 $83,444,127 286,714.408 D ry G o o d s.------- -----------------General Merchandise_______ Total Since January 1. Total 32 weeks.................... $466,917,923 $429,482,842 $362,906,268 $370,158,535 The im ports of dry goods for one week later will be found in our report of the dry goods trade. The following is a statem ent of the exports (exclusive of specie) from the port of New Y ork to foreign ports for the week ending A ug. 13 and from Jan. 1 to date: E X P O R T S FR O M N E W Y O R K F O R T H E W E E K . 1906. Total 32 weeks_________ 1904. $12,604,101 368,230,146 F or the week________________ Previously reported________ 1905. 1903. $11,084,268 313,569,356 $8,379,708 287,708,091 $8,478,791 301,636,163 $380,834,247 $324,653,624 $296,087,799 $310,114,954 Note.— As the figures of exports as reported b y the New Y ork Custom House from week to week frequently show divergence from the m onthly totals, also com piled b y the Custom H ouse, we shall from time to time adjust the totals by adding to or deducting from the am ount “ previously reported.” The following table shows the exports and im ports of specie at the port of New Y ork for the week ending Aug. 11 and since Jan. 1 1906, and for the corresponding periods in 1905 and 1904: E X P O R T S A N D IM P O R T S O F SP E C IE A T N E W Y O R K . R eports of N on-M em ber B a n k s. — The follow ing is the statement of condition of the non-m em ber banks for the week ending Aug. 11 1906, based on average of daily results; We omit two ciphers (00) in all cases. Banks. 00 s omitted. CapiVl Sur plus. Loans and Invest ments. Legal Tender Specie. and Bank Notes. Deposit with Clear ing Agent. Net Other Deposits Banks &c. N. Y . C ity. Boroughs of i.Wan.&Br’x . $ $ ^\ash. H 'g'ts 100,0 160,5 C e n tu r y ____ 200,0 141,1 Chelsea Exch 100,0 90,0 C olon ia l____ 100,0 355,5 C olu m bia_ _ 300.0 419,6 Consol. Nat. 1,000,0 1,101,5 F id e lit y ____ 200,0 140.0 14th S treet.. 500,0 144.1 Hamilton 200.0 164,5 Jefferson____ 500.0 580,4 Mt. M orris.. 250,0 172,7 M u tu al_____ 200.0 296.2 19th W a rd .. 200,0 230,7 P la z a ........... 100.0 294,1 R iv ersid e___ 100,0 107,3 12th W a r d .. 200,0 173.0 23rd W a r d .. 100,0 149.9 Union E xch. 750,0 703,1 YorkviH e___ 100,0 353,5 Coal A I.Nat. 500.0 513.7 34th St. Nat. 200.0 208.6 Batt.Pk.N at. 200,0 110,2 $ S 746,6 1,251,2 1,110,8 4,795,8 7.422,0 4,392,2 987,0 6,245,5 5,418.8 4,014,1 3,376,9 3,707.7 3,703,1 3.995.0 1.882.1 2,957,0 2,020,3 7,611.7 3,820,5 4,584,0 1,222,3 455.9 S 906,9 1,277,2 867,0 3,457,8 6.838.0 5,529,3 984,1 5,616,8 4.788,1 4,435,6 2.905,8 3.847,6 3.370,5 3.639,0 1.687,4 2,474.0 1.621,7 8,149,9 3.293.5 4,517.3 1,256.4 646,7 S 13,8 34,8 52,7 78,9 286.0 771,9 16,3 139,3 258,8 8,3 142,3 23,6 20,1 178,0 18,9 40,0 64.4 320.7 43.6 615.4 270.5 102,0 S 41,3 53,8 38,3 292,3 269,0 27,1 57,3 343,8 211,7 224,2 112,2 219.0 329,2 157.0 118,7 230.0 165,9 159,7 312,9 302,4 21,7 9,3 B orou gh _ _ 200,0 129.9 2.710.6 Broadway . . 150,0 387.2 3.043,7 B rook ly n _ _ 300,0 175.8 1.956,7 Mfre.' N a t.. 252,0 676.7 4.548,4 M ech anics'.. 1,000,0 907.7 10.423,9 Nassau N at.. 750,0 874.7 6.630,0 Nat. C ity_ _ 300.0 632,9 3.363.0 North S id e .. 100,0 196.9 1,573,6 Union ___ _ 1,000,0 1.039,5 10.762,0 Jersey City. fir s t N a t ... 400.0 1.153.1 4.749.8 Hud. Co. Nat 2.50,0 687,0 2,866,7 Third N a t ... 200.0 324.2 1,810,1 56.3 11,5 143.0 395,7 218.0 259.0 126.0 20.6 337,0 198,6 209,3 79,8 120,4 834,9 519,0 411,0 122.1 666,0 166.1 96,2 57,1 308,2 78.2 81,0 1,801,1 174.8 367,9 752,0 172.1 30,9 6,241,5 2,655.2 2.042.0 First N a t ... Second N at. 142.1 49.5 35.6 57,4 162,4 51.5 222,3 76.0 2.475.2 1.540.1 Week. Great B r ita in ________ ____________ France ______________ __________ G e r m a n y _ _____ _______ __ _ W est Indies.................... .. _ _ _ . Mexico ___________ South America____________ ______ All other countries________________ Total 1906........... ._ ...... Total 1905.__ Total 1904_____________ 232,8 3.217,9 264.2 77,3 3,184.2 218,0 34,0 2,288,6 356,9 391.0 5,168.7 756,9 181,0 12,570,1 1.265,3 6,420,0 982,0 165,0 4,374,0 858.0 53.6 307.5 1,881,5 1,408,0 1,320,0 13,129.0 Borough oj Brooklyn. 110,0 125.0 571,9 186,3 2,549,7 1,533,4 S 53,4 54,8 40,6 893,2 559,0 328,7 76,9 228,0 272,4 307,7 301,5 219,2 219,0 418,0 93,4 253,0 148,6 237,7 230,7 553,0 108,6 118,3 91,7 173,4 391,1 3,8 351,0 73,0 235,0 110,0 57.5 58,4 150,0 130,9 2.4 137.9 400,0 79.4 98,0 18,8 Total Aug. 11 11237.0 14554,0 130632.2 5,584,4 7,418.3 14,436.3 6.524,2 142908.5 Total Aug. 4 11237.0 14554.0 129343,2 5,662,4 7.213,9 16.687.6 6.200.4 143859.9 Total July 28 12337.0 16070,9 143798.4 6,851.9 7,746,1 15.061.2 7,317,8 166610.4 •« • ■ Imports. Exports . Gold. Silver. Great B r ita in _____ France ........... .. _ Germany ______ W est Indies. .................... M exico _____________ South America____ All other cou n tries... Since Jan. 1 $6,000 1,000 $655,978 1,064,576 4,046,000 34,350 $7,000 7,000 3,008,377 $5,800,904 37,700,987 67,487,793 $549,280 $31,963,021 1,106,000 13,760 101,856 567 100,000 200 200 9.088 2,888 Total 1906_______________________ Total 1905______ Total 1904.............. $552,935 $33,293,925 571,038 19,720,906 745,245 26,312,779 Week. Since Jan. 1 $151,986 854 10,695 1,596 $27,113,007 9,103,266 10,053,421 1,570,125 168,022 1,168,827 162,076 $165,131 $49,338,744 19,371 6,391,210 8,550 6,429,764 -tfl •m $1,517 3,903 10 $649 99,411 546,152 10,363 800 764,674 1,002 47,616 $12,814 21,072 3,324 $1,463,283 2.216,541 607,578 Of the above im ports for the week in 1906, $150,400 were American gold coin and $1,442 American silver coin. Of the exports during the same time $7,000 were Am erican gold cc in and $200 were American silver coin.___________________ ^ B a n k in g a u tl f i n a n c i a l . TRANSCONTINENTAL MAP Mailed upon request. S pen cer T ra sk & C o ., In v e s tm e n t B a n k e rs . Branch Office, Albany, N.Y. W illia m and P in e Stfl^ New Y ork . M o f f a t & W h i t e , M e m b e rs N e w Y o r k S to c k E xcha n ge , 6 NASSAU STRICBT, HANO VBE BANK BUILDING. A e a le r t in In v e s tm e n t S e c n r itle i. C OM 3118HION O R D E R S E X E C U T E D FOR CASH ONLY 362 THE CHRONICLE. [ V O L . L X X X I11. S t. L ouis, 3 0 c. per $1,000 d iscou n t. San F ran cisco, 50c. per $1,000 prem ium . State and R a ilroa d B o n d s .— Sales o f State bon d s at the F o r D iv id en d s see p a g e 3 0 0 . B oard are lim ited to $112,000 Virginia 6s deferred trust receipts at 2 7 )4 to 29. L Wall Street, Friday Night, Aug. 17 1906. T he m arket for railw ay and industrial b on d s has scarcely The M o n e y M a rk et and Financial S itu a tion .— An unusual changed in general ch aracteristics since our last rep ort, bu t dem and for Union P acific and Southern P acific shares, and a few ex cep tion a l features are w orth y o f m en tion. P enn syl an ad van ce in each case to the highest prices ever record ed vania con v ertib le 3 % s have been b y far the m ost active for th em , has been the prom in en t feature in S tock E x ch a n g e b on d s and are 2 p oin ts or m ore higher in sym p a th y w ith the op erations this w eek. A cco m p a n y in g this m ov em en t in shares. creasing interest has been m anifested as to w h at a ction w ou ld A tch ison con v ertib les, In terb oro-M etrop olita n and C olo be taken in the m atter o f dividen ds in view o f the large rado Industrials are also higher. earnings o f b oth com pan ies. T o -d a y in form ation is given B rooklyn R a p id T ransits are low er and th e shares have ou t th a t the dividen d on Union P acific has been increased been w eak, p resu m a b ly on th e trou b le a b ou t fares. from 6 to 1 0 % for the y e a r, and th at the initial d iv id en d on O ther changes in issues w hich have been at all a ctiv e are Southern Pacific is fixed at 5 % per a n n u m . This an nou n cem en t unim portan t. caused a sharp ad van ce in the shares m en tion ed , a largely U n ited States B o n d s .— Sales o f G overn m en t bon d s at the increased volu m e o f business and gave a d ecid ed ly b u o y a n t B oard include $2,500 3s, c o u p ., 1908-18, at 103)4 to 103)4; tone to the entire m arket. Other than the a b o v e , business at the E xch a n ge has been $1,500 3s, re g ., 1908-18, at 1 0 3 )4 ; $2,150 4s, r c g ., 1907, at chiefly o f the ord in a ry rou tin e ch aracter, such as m ight be 10354, and $10,000 4s, c o u p ., 1925, at 12954- T he fo llo w exp ected under existing con d ition s. T h e effect o f S a tu rd a y ’s ing are the d aily closin g q u ota tion s; for yearly range see bank statem en t, w hich show ed a redu ced surplus reserve, third page following. was an ad van ce in call-loan rates to 4k%% and a decline in Aug. A u g. Interest A u g . A u g . \ A u g . A u g. foreign exch ange. T he latter m ade p rob a b le the rep ort on 11 Periods 13 I 16 11 54 17 M onday th at $3,000,000 g o ld had been engaged in L on d on Q a 2 _ 1 % for shipm ent to N ew Y o r k , b u t the rep ort was denied later. 2 s ,. 11 99 _33_00 __ __ _ . r_ ec _go ius pt eo rn e d Q —** 1 —J0 a4Jn*% 1 n 0 4* 1% 0 4 * % 0 4* 1% 0 4 *% 1 0 4* 1 0 4 *% 1 0 4* s 1 0 4 % _ The financial situation abroad has fu rth er im p ro v e d . 3 s , 1 9 0 8 - 1 . 9 1 8 - r e g i s t e r e d * 1 Q 0 — % F e b* 1 0 3 %* 1 0 * 31 % 3 % * 1 1 0 0 33 % 3 0 % Q — 1 0F 3e *% 1 0 3 % | * 1 0 3 % b * 1 0 3 % * 1 0 3 Russian securities h ave responded to the less acu te politica l 3 s , 1 9 0 8 - 1 9 1 8 . c o u p o n 3 s , 1 9 0 8 - -1 s9 m1 8 a - l l c o u p o n * 1Q 0 —3 %F e b * 1 0 3 % ' * 1 *0 1 3 0 % 3 *% 1 *0 1 3 0 %3 % situation in R ussia, all the E uropean exchanges are less dis 4 3 , 1 9 _0 7_ _ .r e g is t e r e d Q — J a n * 1 0 3 1% 0 3 *% 11 00 3 3 %% . * 1 1 0 0 3 3 %% * * Q —* 1 J0 a 3 n *% 1 0 3 % ! * 1* 0 0 3% *% 1 0 3 % 1 3 * 1 0 3 % tu rbed, and the B ank of E n g la n d ’s w eek ly report show s a 4 s , 1 9_ 0 _ 7 _ ._ . . . .c .o .u p o n 1 F Q * — 2 9 *e 1b 2 9 4 s , 1 9 _2 5_ _ _ _ r _e g i s t e r e d *1 2 9 *1 2 9 * 1 larger percentage o f reserve than any p reviou s statem ent 4 s , 1 9_ 2_ 5 _ . . . . .c .o . u p o n Q — F e b* 1 2 9 * 1 2 9 * 1 22 99 * 1 12 29 9% % 1 this year. * T h i s i s t h e p r i c e b i d a t t h e sale w o ar n i m ga db e o . a r d : n o m s n The open m arket rates for call loans on the S tock E x R ailroad and M iscella n eou s S to c k s .— T he m arket for change during the w eek on sto ck and b o n d collaterals have ranged from 2 to 4 )^ % . T o -d a y ’s rates on call were 3 )4 @ stocks has been m u ch m ore a ctiv e and d ecid ed ly irregular. 4% . Prim e com m ercial paper q u o te d at 5 ) 4 © 6 % fo r en The transactions on T hu rsd ay am ou n ted to over 1,200,000 shares, and to -d a y were ab ou t tw ice as large, brin gin g them dorsem ents and 5 ) 4 @ 6 % fo r b est single nam es. The B ank o f E ngland w eek ly statem en t on T hu rsday very near to the high record fo r the y e a r, w h ich was on M ay 2. show ed an increase in bullion o f £ 7 2 0 ,8 0 6 and the percentage As n oted a b o v e , U nion Pacific and Southern P acific were the conspicuous features; b u t P enn sylvan ia, N ew Y o rk Central, o f reserve to liabilities w as 50.07, against 48.73 last week. -The d iscou n t rate rem ains u nch an ged at 3 )4 % • T he Bank R eadin g, St. Paul and oth er issues were a ctiv e and b u o y a n t. o f F rance show s a decrease o f 3,400,000 fran cs in gold and Chicago & N orth W estern was stron g early in the w eek, selling up to 214 against 195 near the end o f July. A part an increase o f 1,975,000 fran cs in silver. N E W Y O R K C I T Y C L E A R I N G - H O U S E of the K Svan ce was lost, h ow ev er, on th e an nou n cem en t B A N ad . of a plan to issue $100,000,000 o f new stock . M iscellaneous Differences and industrial shares have generally been stron g, b u t n ot from 190 5. 190 4. 190 6. m ore irregular than usual. A n a con d a Mining has covered A u g. 1 2 . A ug. 1 3 . A u g. 1 1 . previous week. a range o f 8 p oin ts and closes 5 )4 poin ts higher than last $ $ S S C a p it a l, _ 0 0 1 1 5 , 9 7 2 , 7 10 10 5 , 9 7 2 , 7 week. T he U n ited States Steel issues are 1 )4 and 254 poin ts 1 1 8 ,0 7 2 ,7 0 0 0 0 1 3 9 . 4 9 2 . 8 10 30 4 , 3 2 3 , 4higher for the preferred and com m on resp ectively. 1 5 0 ,9 3 2 ,9 0 0 S u r p _l u _ s _ _ — 0 3 0 4 , 7 12 ' 3. 1, 4 9 ,0 8 9 1 1 , 4 00 90 0 . 4 9 1 . 4 0For daily volume of business see page 372. L o a n s a n d d i s o u 1 u 0m 7 t 2s , 4 6 8 D, 3 e 0 c 0. C i r c u l a_ t _i o n 4 6 52 0, 1, 40 60 7 . 3 0 3 0 8 , 2 9 3 , 5 0 0 4 6 , 0 5 4 , D 0e 0c . 5 N e t d e p o s i t s . - a 1 0 6 2 9 0 4 D, 3 e 0 c 0 . 1 3 , 6 91 5, 1, 0 8 06 0 , 6 5 9 1 , ,2 2 0 0 0 7 . 1 3 2 , 5 0 The follow in g sales h ave occu rred this w eek o f shares n ot 0 e 6 , 6 0 28 2, 21 0, 30 9 1 , 0 2 0 7 0 6 . 8 5 4 , 9 0 0 S p e c ie _ -_ . _ 1 8 - 8 , 9 3 9 ,D0 0 0c . 6 L e g a l t e n d e r s - - 8 5 , 0 5 8 . D 0e 0c . 0 0 2 , 6 6 6 8 , 7S 0, 10 2 0 . 6 0 8 0 2 , 6 5 9 , 7 represented in our detailed list on the pages w h ich follow : it! a n t h e r s ' (S a x c tte . , R e s e r v e _ h _ e _ l _d _ _2 7_ 3 , 9 9 7 D 6 e0 c0 . , 2 5 % o f d e p o _s i_ t s 2- 6- 5 , 7 2 6 D 0 e7 c5 . S u r p l u s r e s e r v e S_ , 2 _7 1 , 5D 2 e 5 c . Sales 9 , 2 7 34 0. 99 0, 50 1 1 , 6 3 0 5 0 9 , 5 1 4 , 6 0 0 Range jor w eek. Range since Jan. 1. 3 . 4 2 23 9, 76 5. 60 6 4 . 8 3 0 0 0 1 , 7 8 3 , 1 2 5 S T O C K S . 1or Week ending A u g. 1 7 .Week. 5 ,8 5 1 ,1 5 0 5 7 1, 7 2 3 , 81 4, 46 7, 85 0 0 A m e ric a n M a lt in g - - - - - 1 00 4 % A u J4g 6 1 3J ' a n 4 % B t 0 21% 1 g 3 a S O .8 4 1 .7 0 0 U n it e d S ta te s d e p o s its i n c l u d e d ,C ae nah g l Pae h n c sm t s uS bt_ e9 _ec, 0lr 1iCp6 ot, i1r o7 p n 0 0s - - l a 2s t1 % w A1e ue 0kg ! l 6 3 5 ! 2 AA2 uu25% A u1 J5 gu| 1n16 e3 : i e 8 a h e s e U sn i t e d S 0 t a t e s d e p o s i 0 s g a n d $ 8 ,4 6 3 ,6 0 0 t h e c o r r e s p o n d in g w e e k o f 1 9 0 5 . C0W h oii tn ha Ag tou g B . u 1r 1l a-&1 d Q $u 1 i 6n , c3 y74 0!2, 7 5 0 o nA t u g c 0 0 151205 A u g 1 .5 1 2 0 5 e l i m i n a t e d , t h e s u r p l u s r e s e r v e w o u l d b e . $ 1 0 , 7 3 1 . 9 5 G e n e r a l C h e m i c na l . p r e L . 3 2 5 1 0 3 % A u g 1 7 | 1 0 4 % A A u g . 4. H e d n g 15 8 4 A u g 15 8 0 % V ole. — R e t u r n s o l s e p a r a t e b a n k s a p p e a r o n t h e p r e cM e oid cmi hn ei ggs atp na a g Se t.- aM t - ei[-n Ti 250'l e 8 3h %- _ V u g e p 1 0 0 5 0 A u g lo l 5 0 F oreig n E x c h a n g e .— The m a rk et w as generally low er this P r e f e r_ r _ e _d _ _ _ _ _ 10 9 1 % A u g 1 4 : 9 1 92 A u g J1 u l y 9 % 4 N A u g15 130 A u g 1 6 1 2 w eek , th ou gh on ly m od era tely a c tiv e , closing steady. G old S t Y J o & e pN h J & T _e G l_ er p I hs ol a n n e6 d2 - 1_ 3 0 s 100, 2 2 % A u g 13; 2 2 % A arrivals at San F rancisco $2,500,000 from A ustralia, of 1 s t p r e f_ e _r r _ e _d _ _ 100. 6 0 A u g 13 6 0 A u g 132 d 0 w h ich $2,310,000 was transferred hither th rou gh the Treasury. S o u t hp er re nf e_— r _ r Me_ d _ 4 _i0 _s 1_ k0 0 1 9t 0f4 s! , 3 2A %u gA u g 1 6 : 9 14 3 3 2 A % u Ag u 1g 6 ' 1 3 9 3 3 t c T o -d a y ’s (F rid a y ’s) n om inal rates for sterling exch an ge V u l c a n D e _t i _n _n _i n g 1 8 %0 A u g 0 16' S S% A u A g u 1 g6 % 1 5 % J were 4 8 2 )4 fo r s ix ty -d a y and 4 8 5 )4 for sight. T o -d a y ’s (F rid a y ’s) actu al rates for sterling exch ange were 4 82 @ 4 821.0 for lon g , 4 8 4 7 5 @ 4 8 4 8 0 fo r short and 4 8 5 2 0 @ 4 8525 fo r cables. C om m ercial on ban k s 4 8 1 6 5 @ 4 8175 and d o c u m ents for p aym en t 4 81 @ 4 8 2 )4 C otton for p a y m e n t 4 8 1 @ 4 8 1 )4 , co tto n fo r a ccep ta n ce 4 8 1 6 5 @ 4 8175 and grain for p a y m en t 4 8 2 @ 4 8 2 )4 T o -d a y ’s (F rid a y ’s) actu al ra tesT or Paris b an k ers’ fran cs were 5 21)4 @ 5 2054a fo r lon g and 5 1 9 )4 @ 5 1 8 % h for sh ort. G erm any b a n k ers’ m arks were 94 3 -1 6 @ 9 4 )4 for lon g and 9 4 )4 @ 9 4 13-16 for short. A m sterdam b a n k e rs’ guilders were 40 l-1 6 /c @ 4 0 )4 a for short. E xch an ge at Paris on L on d on to -d a y 25f. 1 7 )4 c .; weelc'srange, 25f. 19c. high and 25f. 1 7 )4 c. low . The w eek’s range for exch ange rates follow s: H L H L H L H - - - - - Long -- - - - - - - - - - Short-— - - - - - - - - - Cables- - - - - - - - i g_ h _ _ 4 _ 8 2 I 4 @ 8 4 8 08 2 1 0 @ ! 48 5 82 4 5 8 5 4 @ o _w _ _ 4 8 1 9 0 @ 4 8 1 9 |54 8 4 7 0 @ 4 8 4 7 54 S 5 1 . 5 @ Paris Bankers’ Francs — i g _ h _ _ 5 _21% @ 5 % a0 j 5 1% a 2 9 ( 5 ) 5 18% o w - - %a @5 52 1 2 1 %1 5 1%9d @ 5 19% Germany Bankers' M arks — i g _ h _ _ _ 9 4 3 -® 6 9 4 % 1 0 4 % 1 9 4 % ® 9 44 % 3 1 - 104% 6 o w . (a ) 9 4 % .4 msterdam Bankers' Guilders— i i r_ h _ _ _ _ _ _ _ _ _ 4 0'A a ® 1$ 0 4/ 4 0 % 4 0 1 - 1 6 (a) L e s s :a 1 - 1 6 o l d %1 - .3 2 o f h % - .3 2 o f 1 % . 1 1 3 P lu s : * 1 - 1 6 o f 1 % . y 3 a -: 3 1 - 13% 2 f . o f 1 % . 2 o Sterling, Actual — T he follow in g were the rates for d om estic exch ange on New Y o rk at the u nder-m en tion ed cities to -d a y : S avann ah , b u y in g 50c. per $1,000 discou n t; selling 75c. per $1 ,0 0 0 prem ium . Charleston, 10c. per $1,000 p rem ium . N ew Orleans b an k , 50c. per $1,000 discou n t; com m ercia l, 75c. per $1,000 discou n t. C hicago, 10c. per $1,000 d isco u n t. O utside M a rk e t.— The strength and a ctiv ity on the S tock E xchange on th e closing d a y of the w eek m ade com p a ra tively little im pression on the “ cu rb ” m ark et, trading fo r the m ost part con tin u in g dull and price m ov em en ts irregular. In dustrials were n eglected. Greene C onsolidated C opper has been the leading feature during the w eek. It d rop p ed a point to 24, the loss b ein g fu lly recov ered on the an nou n ce ment- o f the regular b i-m o n th ly d ividen d of 4 % . A n ad vance to -d a y carried the price to 2 5 )4 , the close being at 25. U nited C opper com m on a d van ced from 6 3 )4 to 6 4 )4 , but. sagged to 6 3 )4 , ending the w eek at 6 3 )4 - Tennessee Copper fell from 4 6 )4 to 43)4 and then m o v ed upw ard again, reaching 4 5 )4 fin a lly . B oston C onsolidated C opper from 2 5 )4 a dvan ced to 2 7 )4 and closed at 27. B utte C oalition - sank fro m 3 1 )4 to 30)4• Subsequently it ran up to 3 1 )4 , 4 but5 to0-d a y it sold d ow n to 3 0% . Chicago S u bw ay declined 8 3 4 from 54 6 )4 to 46 in the early part o f the w eek, then rose to 4S; 8 5 2 on T hursday and F rid a y it d ev elop ed strength and ju m p ed to 5 0 )4 , closing at 4 9 )4 Guggenheim E xp lora tion sold up from 250 to 277 and the w arrants from 260 to 280. A m eri can T o b a cco rose 25 poin ts to 425, then declined to 415. A m erican Can preferred a d va n ced from 5 8 )4 to 5954 and ends the week at 59. In tern ational M ercantile Marine pre ferred, after a fraction al decline to 2 7 % , tou ch ed 2 9 )4 011 active trading and closes to -d a y at 2 8 % . In tern ation al Salt rose tw o poin ts to 37, b u t d rop p ed b a ck to 3 5 % . Standard Oil from 607 reached 612)4 and closes at 612. Federal Sugar com m on gained 5 poin ts to 45 and the preferred 3 points to 7 9 )4 - Chicago M ilwaukee & St. Paul “ righ ts” appeared for th e first tim e yesterday and sold at from 15 to 16. Outside qu otations will be fou n d on page 372. New York Stock Exchange-Stock Record. Daily, Weekly and Yearly <M !C U I*Y 1N (i S TOC U S— H IG H KB T A M D Saturday A u g . 11 M onday A u g . 13 T u esd ay A ug, 14 LOW EST SALK I Hr2diW 5day| A u g . 15 TW O P K IC K S T h u rsd a y A u g . 16 P A 42KS STOCKS N E W Y O R K STOCK EXCHANGE F r id a y A u g . 17 K a n g s l o r Y e a r iy (J 6 S a t e s o> O n b a s i s o f l ( ) ( ) - s h a r e lo t: i)i e W eek L ow est S h a res M ig he st Uange fo r P rev io u s Y e a r (1 9 0 5 ) H igh est L ow est Itu iiro u d M . 9 7 4 A ugl 1 7 \ M fx y A toll. T o p e lU i& S a iita Ft- 1 9 5 ,5 0 0 8 5 4 M a y 9 3 4 M ar 9 8 4 J ’ ly 3 , 8 11 106 Jan 10 0 4 10 0 4 99 Jan 1 0 5 4 Sep fX D o p r e f...................... 4 ,0 2 : 131 4 J.’iy 167 4 Jan 0 143 143 4 143 143 1*20 Jan 170 Apr A t la n t ic C o a a t L in e H R . 1 2 2 4 A ugl Aug l(fO 4 Jan 117 1 2 1 4 1 0 0 4 x 119 1 1 9 4 a ltim o r e O h i o ............. 103,651 l o 5 4 M ay 300 92 9 2 4 9*2 4 *91 J 'l ie 2 7 9 9 4 J a n Aug 91 M a i 100 93 D o p r e f.............................. 1*21,300 7 1 J ’ly l 4 Nov 9 4 4 J an 2 5 6 4 M a> 74 4 7 6 4 B ro o k ly n R a p id T r a n s i t .. 7 6 4 77 4 S3 J a n 12 8 7 38 *80 ♦80 88 Feb 84 D ec B uffalo So S u s q u e , p r e f . . . 9 i 4 AlHy 1 6 ,9 0 1 1 5 5 4 M a y 2 1 7 7 4 J a n 1 L 3 0 4 Jan 1 7 7 4 S ep 1 6 6 4 1 66 4 166 1664 / m n a d ia n P a c itlc ............... 80( 65 4 J ’ n e 3 0 7 0 78 J an 8 68 67 •67 69 67 Nov V nn ada S o u th e r n ............... 7 4 4 Au* 20( 2 0 4 M a y 2 2 3 9 7q M a y 24 1 9 0 O ct ’M an 2 3 5 C e n tra l o f N e w J e r s e y . .. 2*294 0294 *028 230 3 4 ,9 0 0 6 14 6 1 4 53 4 A p r 2 8 6 2 4 J a n 23 60 4 M ar C h e sa p e a k e <& O h io ............. 6 1 4 t il 4 45 4 M n' 4 4 M ar 25 M ay 3 8 4 J a n 15 30 D ec C h ic a g o < A l t o n ................... fc 74 M ay 8 0 4 J a n 12 75 O ct D o p r e f.............................. 8 3 4 A l,r 4 ,0 0 0 16 J ’ n e ;> 1 8 4 184 2 3 4 Jan 2 0 < 184 19 1 8 4 134 18 °s 19 C h ica g o G r e a t W e s t e r n .. 17 4 Ma\ 184 184 25 4 M ar 184 183 80 J ’ n e l 3 8 6 4 J a n 17 83 83 83 *81 89 S ep 83 *81 *81 *61 83 D o 4 p. c. d e b e n tu r e s *81 •81 83 8 3 4 Mav 50 0 7 2 4 J ’l y l 3 8 0 J a n 31 77 77 60 J ’ nc 7 8 4 S ep 7 6 4 76 4 77 4 7 7 4 7 7 4 774 * 7 7 4 78 D o 5 p. c. p r e f. “ A " . . •75 774 9*10 2 5 23 J 'ly 21 3 9 4 J a n 22 28 08 29 M aj 07 28 *28 28 3 7 4 *274 274 D o 4 p. c. p r e f. 4 B ” .. 4 274 2 7 4 37 4 A Pr 166 4 IBS3^ C h ic a g o M ilw . So S t, P au l. 15(3,070 1 5 5 4 M a y 2 1 9 3 J a n 2 l 1 68 4 Ma> 187 4 A l>r 1 854 166\ 1 66 4 185 V 186 4 1884 1874 1884 187 4 190 4 ,1 5 0 1 7 7 4 M a y 2 201 200 200 A u g 7 1 8 2 4 Jan 192 4 A p r 199 2(‘0 200 200 200 4 200 4 0 0 0 000 iy s 198 D o p r e f.............................. 210 212 4 008 212 2 1 1 4 2.14 206 208 4 208 312 20.7 4 0 H) C h ic a g o & N o r t h W e s t e r n 73,OuO 1 9 2 A p r 2 7 ^ 4 0 J a n 15 a l9 0 ^ J-’ ne 2 4 9 J a n 600 225 A fig 9 2 7 0 *2*30 240 240 235 235 233 235 230 240 •230 234 035 234 Jan 2 bo 4 D o p r e f .............................. J ’n e i8 198 6 0 O 168 J an 1'5 150 160 183 183 184 *132 1834 <180 184 Jan * 180 184 C h ic. S t. P . M in n . <fc O m . Jan 2 2 5 176 180 176 J ’ ne28 20 2 *180 188 * 180 1S8 188 188 *182 188 J a n 15 L95 Jan *180 * 183 Jan 2 3 0 ISO 188 D o p r e f.............................. 9 4 A p r 19 14 100 •13 *13 14 •13 13 13 •13 *11 14 C h ic a g o T e r m T T r a n s fe r . 1 8 4 J a u 19 20 J ’ ue US 134 7 4 Jan 100 2 7 A p r 27 4 2 4 J a n 02 34 34 32 *•^7 34 32 *27 427 •27 •27 1 7 4 Jan 4 2 4 J 'ly 3 1 4 314 D o p rp f.............................. 3 7g M a y 21 1 3 4 F e b 2 0 3 .1 0 0 6 5 44 J’ m 434 6 44 44 44 4^8 44 *44 5 C h ica g o U n io n T r a c t i o n . •44 1 3 4 ^ el> 6 ,7 0 0 1 5 4 167s 15 M a i 12 15 1 5 4 154 1 1 4 J 'l y 1*2 4 7 4 64 Feb 16 1 6 4 17 3 0 4 J ’ ly D o p re f 15 4 154 1,54 6.100 9 0 4 M ay 95 1 0 9 7s J a n 15 1 1 1 M ar 94-, 95 95 95 95 7g 95 4 9 6 4 C lo v e . C in . O hio. & S t. L . 94 90 Jan *9 14 9 34 94 4 100 1 1 0 J ’l y 19 1 1 8 J a n 23 1 1 5 4 J ’ ly 1 2 1 4 M a r •1134116 1 13 41 15 1 1 3 4 1134 * 1 1 3 4 115 * 1 1 3 4 1 1 5 *1 1 3 4 1 1 5 D o p ref 1 4 ,5 0 0 2 9 4 J a n 3 7 4 374 3 8 78 A u g 7 38 3 7 4 38 4 30 4 A pr 3 7 4 3 7 4 C olorad o So S o u t h e r n -----384 2 2 4 Jan 37 4 3 7 4 374 384 2,100 6 6 4 A p r 3 0 7 3 4 F e b 2 0 52 M ay 6 9 4 D e o 70 70 4 7 0 4 *70 71 D o 1 s t p r e f e r r e d ___ 7 0 4 717, 714 •704 71 7 1 4 71av *50 52 M ay 225 4 3 5*24 5*2 4 •62 52 53 53 $62 D eo *50 52 5y 4 J a n 12 6 3 2 4 M ay 6 5 D o 2 d p r e fe r r e d ____ •614 M ay 2 231 . 5 ,700. 1 8 9 2*21 2214 220 4 223 J ’ n e l 2 1 7 8 4 May 2 4 0 4 O ct 220 *220 2214 222 4 2207* 20O7* 221 222 4 e la w a re So H u d s o n . . . 4 3 7 4 M ay 560 640 *500 540 *500 640 *500 540 *5uo 510 M ay 2 4 335 600 Jan 198 4 G o t *500 515 ©law. L a c k . So W e s t ’ n 44 5 ,3 0 0 3 6 4 M a y ' 2 44 44 4 44 J a n 26 43 434 4 3 4 44 4 3 4 4 4 4 D e n v e r So R io G r a n d e ____ 2 7 4 M ay 3 9 ^ D e o 4 3 4 44 4 9 5 0 8 3 4 JMy 8\> ♦86 9 1 4 J a n 20 85 4 *85 87 4 85 4 874 85 4 3 5 4 D o p r e f... •834 8 3 4 May 9 1 4 85 4 S 6 4 06 *93 96 *92 100 x 9 0 4 J ’l y 16 102 F e b 9 7 6 4 Jan 9 6 4 G e o *93 96 *92 96 96 *92 94 94 D e tr o it u m to d J ’l y 13 0 2 78 J a n 11 1 ,0 5 0 1 6 18% 19 18 7s 1 3 4 18 4 18 4 1 8 4 IS 4 184 184 1 1 4 M ay 2 2 4 N ov 1 8 4 1S4 D u lu th S o . S h o r e So A t l . . *34 32 A jp r2 8 4 5 39 39 39 •34 *34 J a n 11 21 M ay 4 6 4 N o v * 3 4 4 39 * 3 4 4 39 *34 38 D o p r e f____ 7 9 ,4 0 0 3 8 4 M a y 44 4 44 444 44 4 5 0 7a J a n 1 6 5 2 4 Aug 4 3 4 434 434 434 r i e ....................... 4 3 4 454 3 7 4 M a) 424 4 3 4 83 M ay 70 4 7 9 7„ * 7 > 4 7s J a n 15 3 ,9 0 0 7 5 79 4 7 4 78 M a) 794 •78 4 7 94 794 7 9 4 79 S 79 4 8 6 4 Aug D o 1 s t p ref 6,800 6 2 4 A p r 27 7 6 4 J a n 1 6 5 5 4 Jan 70 70 71 71 70 704 714 7 04 7 o 4 71 784 AuS D o 2d p ref 7 1 4 724 76 70 *68 7U *68 70 75 Jan 70 70 J an 2 75 Aug *6S *68 63 *68 *68 70 E v a n s v . So T e r r e H a u t e .. J ’ ly •90 200 8 0 J ’ l y 13 y 4 A u g 2 96 •90 95 *90 95 93 95 96 Aug •90 85 N ov 93 4 *90 95 D o p r e f.................... 348 M ay 297 299 097 4 297 4 297 300 G r e a t N o r t h e r n , p r e f F eb 9 236 1 4 ,7 0 0 2 7 5 206 296 296 2 9 8 4 297 4 299 Apr Jan 3 3 5 86 M a y 12 'J*' ^ UiXU OL. 8 3 90 J au Feb G r e e n B ay < fcW .,d eb . c t f .A 17 11 1 6 J ’ ly 12 2 3 4 J a n 1 9 1 7 M a j 2 4 4 J 'n e 17 17 17 17 17 Do d£b. ctf. E 52 3 8 4 G ee 780 3 3 4 Jan 19 53 A u g l! 62 53 52 53 15 Apr 62 4 *5 1 4 534 a v a n a E l e c t r i c ............. 5 2 4 62 4 * 5 1 4 62 93 93 00 03 G ee 02 6 0 0 7 7 4 J a n 15 9 7 4 M a y 8 8 9 7* 90 50 J ’ ne 8 2 D o p r e f............................ *89 4 92 4 894 127 127 1 1 3 4 Feb .......128 135 x A p r 24 127 127 86=i '©Jan 1 2 1 4 G e e ........... 127 H o c k in g V a l l e y .................... M ay 96 96 994P ne 1 9 7 4 N ov 97 *600 9 3 *964 97 97 90 Jan 9 6 4 .9 6 4 96 96 D o p ref •064 07 4 M ay » 175 S ep 1754 1754 2 ,1 8 8 1 6 4 1 8 4 4 J ’ n e 7 1 5 2 4 Jan 1 8 3 1764 1 7 5 4 176 174 174 I ll i n o i s C e n tr a l, 1754 175 S 176 176 3 5 34 3 7 4 354 35 3 6 4 37 1 0 ,9 3 7 3 3 4 J ’ n e 2 7 5 5 4 M a y lO 35 4 36 A i-n te r b o r o -M e tr o p o lita n . 364 364 n te rb o 37 36 78*4 7 8 4 79^ 73 8 ,3 5 0 7 0 4 J ’iy 8 7 4 M a y lO 784 D o p r e f ............................... •75 4 7 li ^ 764 78 4 784 7 7 4 78=4 J ’ ly 12 3 4 4 J a n 12 *27 29 23 28 4 28 4 32 Feb *27 28 4 2 8 4 24 M aj 1 ,8 5 0 2 4 27 4 28 2 8 4 2 8 4 I o w a c e n t r a l .......................... 48 J ’ ly 17 6 3 4 J a n 13 52 5 i 3^ 5 1 4 52 62 514 G ee 1,200 50 M ay 6 1 5 1 78 5 1 4 5 14 514 D o p r e f.............................. 52 4 5 2 4 {6 5 74 *70 65 74 •71 74 *70 74 12 5 2 M a r 7 7 * J ’ n e 8 •70 2 9 4 May 5 8 4 G e e 72 a n a w h a So M i c h i g a n .. *68 *80 7 9 4 j ’ l y 2 6 8 4 -4 F e b 7 •SO 81 81 •80 81 •80 *80 SL 81 O ct 8 1 4 J 'n e 87 81 C .P t.3 .c fc M .,tr . c t s . p fd *80 27 4 *27 084 *27 36 4 G ee 28 4 1 ,8 0 0 2 2 4 J ’l y 3 3 7 4 J a n 5 •'20 4 28 22 4 M a) 28 4 * 2 7 4 2 8 28 2 8 4 K a h s a s C ity S o u t h e r n . . 56 49 J ’ ly 1 2 7 1 564 57 57 5 6 4 56=8 Jan 5 70 Feb 6 ,9 0 0 •55*4 564 5 6 3i 5 6 4 52 Jan D o p i e f ................. .......... 564 574 2 7 4 J ’l y *3 u 55 36 *31 35 •30 35 *30 4 4 78 J a n 1 2 •30 35 2 8 4 J ’ ne 47 4 D e c *30 35 a k e E f i e So W e s t e r n . . . *8 L 83 Aug 90 90 *81 90 •80 *80 •SO 00 88 M ar { 9 2 4 J a n 25 91 P n e 106 88 D o p r e f.............................. *81 *63 67 J>ne26 8 I 4 J a n 16 70 *64 70 7u 70 •68 •68 •65 70 5 0 4 M ay 7 3 4 N o v L o n ^ I s la n d .............................. 70 *65 136 4 M ay 144 4 146 U 3 3 4 1441 4 1444 1 4 5 4 1 4 4 4 1 4 5 4 1 4 5 4 1 4 6 ___________ 1 5 6 4 J a n / 1 9 c l 3 4 4 Jan 1 5 7 4 s e p 147 L o u is v ille So N a s h v i l l e . . . 2 0 ,8 7 6 145 147 150 150 14 i 147 150 J a n 2 6 161 M a y 175 147 150 150 •147 Feb 4 0 0 •147 4 J ’l y 14 1 6 2 149 149 a n h a tta n E l e v a t e d ... 66 F e b 28 s 7 5 7q M a y 11 6 8 4 N o v 91 Mar etrop . S e c u r ., s u b .r e c . 103 J ’ ly 12 1 2 7 *106 *106 Aug 110 •106 108 106 108 • 1 0 6 Jan 16 114 110 May 133 M e tr o p o lita n S t r e e t ........... *106 110 *20 7 20 b M ar 2 6 4 J a n 19 21 *203 2 14 4 2 1 4 21 v 214 214 26 6 ,5 0 0 1 8 4 M a y 1 8 4 M a) *214 21 2 1 4 M e x ic a n C e n tr a l............... *185 140 M a r l9 2 0 0 185 *185 200 2o0 * *190 Aug J ’J y l 7 { 1 3 0 J ’ nf 1 5 5 180 180 * 1 8 5 200 400 200 M ic h ig a n C e n tr a l_________ A u g 3 8 4 4 J a n 11 67 •64 65 65 6 4 ** 65 6 6 4 67 8 4 4 O ct 6 4 4 65 5 6 4 J an 1 ,4 0 0 6 3 M in n e a p o lis So S t . L o u is 6 7 4 * 67 • 90 A p r 27 1 0 0 4 Jan 3 05 92 95 •85 05 *00 92 *88 *88 O ct 86 Jan 106 400 90 90 92 D o p r e f............................ * *150 155 4 *150 155 150 155 4 *150 1 4 1 4 Jan 4 164 D ec M ap04 1 5 5 4 *150 8 9 4 J a n 1 45 200 * 155 4 155 M in n . S. P . So S . S . M a rie . 1 6 3 4 A p r 3 0 1 8 3 4 J a n 11 1 4 8 *160 1 7 3 4 160 1 7 3 4 1 7 3 1 7 3 173 D eo 1 7 3 4 173 4 *1 0 9 i V i s 173 4 Jan 30U D o p r e f.......................... 1734 344 M ay 2 4 0 4 Jan 12 334 S44 55 4 35 39 4 N o v 3 5 4 36 4 24 M a) 3 1 ,6 0 0 0 9 344 3 5 4 35 4 3 4 4 3 5 s* M o . K a n s a s So T e x a s . . . 694 714 6 4 4 A p r 2 7 7 4 4 Jan 18 71 •68 68 s4 0 9 4 60 4 7 0 4 Aug . 60 4 704 5 6 4 M ay 7 3 D o p r e f.............................. 1 3 ,2 5 0 7 0 ^ 7 0 34 95 95°4 9 6 4 964 9 3 4 05 8 5 4 M ay 2 1 0 6 4 J a n 2 0 9 4 4 M ay 1 1 0 4 M a r 04®g # 5 4 2 5 ,4 0 0 964 964 95 9 6 4 M is s o u r i P a c ific ............... * 14 J 142 143 133 M a y 3 1 4 9 ,4 J a n 1 2 1 3 7 140 143 140 143 1 4 2 4 142 4 Apr Jan 158 600 141 S 142 142 VT a sh . C k a tt. So S t . L o u is 40 40 414 414 Jan 40 4 4 0 4 * 3 9 4 40 3 9 4 ^6 3 3 4 May 4 5 2,000 3 6 A p r 2 7 4 1 4 A u g ! 6 a t.o f M e x , n o n -c u m .p f •41 414 21 204 204 204 3 0 0 I S 4 J ’ n e l 6 2 1 4 F e b 24 *10=4 20 *20 4 D o 2 d p r e f ....................... 204 204 1 7 4 J ’ne 2 4 4 * 2 0 4 0 1 37 3 2 4 J’ n e l6 3 4 '3 6 33 33 J ’ n©14 N e w O r le a n s R y So L t „ . . 87 J’n e I5 § 3 •83 Aug 4 100 - 8 1 D o p r e f.............................. 140 140*4 1 4 1 4 1 4 0*3 1 4 2 1 40*4 142 140 1414 1 5 6 4 J a n 8 1364 May 1674 Max 1 39 4 14L 145 N . Y . C e n tr a l So H u d s o n .. 5 1 ,8 6 0 1 0 7 -V J ’l y 69 u9 M ar 6 8 4 68 69 4 7 3 4 A p r 17 42 Jan 76 4 G ee 6 8 4 69 9*550 69 4 67 »4 6 8 4 60 69 * 69 4 N . Y . C h ic. So S t. L o u i s . . . *1 1 5 •115 117 •115 117 117 H i A p r 14 1 2 0 4 j a n 2 7 1 1 4 • 115 115 117 j ;i y 122 4 Jan 117 D o lstu p ref...................... ♦ llo 117 00 .S O M ay 3 9 1 4 Jan 9 87 87 87 . * 6 5 90 • 8 0 8 7 34 8 7 34 D ec 00 i ’ 20t) 74 M ai 95 D o 271 p r e f ...................... 88 89 4 • 193 4 107 *1034107 107 4 $ 136 4 1 0 6 4 { 1 9 4 4 1 9 4 4 N . Y . N . H a v e n & H a r t f. 12 1 9 0 J ’l y 1 0 2 0 4 78 J a n 1 9 {1 9 1 4 D ec { 2 1 6 S ep *1 9 4 4 1 9 7 41 1 9 4 47 474 *7*s 48 48 47 =4 4 8 4 4 3 4 M a y 2 5 7 4 j a n 27 47 4 64 M ar 4 0 4 Jan 6,000 4 7 4 I Z 'Z 4 7 4 ^ ^ 4 -N. Y . O n tario So W e s t e r n . 92 F e b 28 93 4 F eb 1 02 4 02 4 93 4 9 2 4 924 88 4 M ar 9 2 4 92*4 2 3 ,6 2 5 6 4 76 M a) 024 924 9 2 4 9 3 4 N o r fo lk So W e s t e r n ............. •80 02 *80 02 39 4 A p r 12 9 6 92 •0O *90 92 Jan 6 9 1 4______ 9 6 Feb *904 Aug 92 *90 92 D o a d ju s tm e n t p r e f ' ‘2 05 ^ 2 0 6 4 2o5 20 7 *206 2 0 7 A pr 216 4 Aug 205 4 0 0 6 4 2 0 6 4 207 N o r th e r n P actfrc.................. 2 3 ,5 0 6 L 7ji4M ay . 2 2 3 2 4 F e b 1 4 1 6 5 2 0 6 4 209 *128 •128 131 *128 151 *-128 1 3 1 103 Jan 10 142 131 128 13 L j ’ ne 5 7 8 4 J a n 109 4 O c t 500 a cific C o a st Q o .................. 130 1 3 2 4 108 *100 108 ♦lOO 108 •100 *100 1 0 3 105 Jan 5 106 Jan 29 100 100 108 J a n 1 08 F eb D o 1 s t p r e f...................... *100 108 • 1*26 13*2 *126 132 * 1 2 7 1 31 1 0 5 4 J a n 10 1 3 5 127 131 M ay 8 126 132 85 Jan 109 O ct D o 2 d p r e f...................... 130 130 **200 * 135 4 1357 134\ 136 1 3 9 4 1 3 8 4 17 4 4 P e n n s y l v a n i a ......................... 6 4 2 ,4 0 0 1 0 3 4 J ’l y 2 1 4 7 4 J a n 23 1 3 1 4 M a y 1 48 N A u g 1374 1 3 6 4 iS0\> 1 3 6 4 1 5 7 4 4 44 •4 L •42 44 • 42 44 33 A p r 2 8 4 6 4 J a n 15 •43 414 Apr *42 44 P eo ria So E a s t e r n ................. 4 4 4 *43 M ay 2 87 • 82 814 8 1 4 Jan 24 70 84 * 8 1 4 84 * 8 1 4 84 20o 75 M ay 1 8 7 4 M a r P ittsb r O in . 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L . * 8 1 4 «4 100 M ay 4 109 •1074 1 0 9 107 4 109 109 F eb 112 M ar D o p r e f.............................. 10 0 •1074 A u g l 9 105 109 109 1O 74100 1 2 9 4 1814 1 3 0 4 1 3 2 4 1 8 1 4 1 3 2 4 1 3 2 4 1 3 4 78 1 3 2 4 135 cb I > e a d i n g .................................. 6 9 7 ,0 6 0 1 1 2 M a y 2 1 6 4 J a n 23 # 7 9 Jan 1 4 3 4 N o v 1 3 3 ,4 1 5 5 0'2 1......... 02 92 *90 0*2 92 02 39 4 M ar 1 96 Jan 22 90 M ay 9 7 l A 'l s t p r e f ................................ 92 b ep l,6 ()o 92 92 *90 9 3 4 ’ ........... 0 3 4 90 A p r 3 0 102 94 94 Jan 20 84 Jan 101 N ov 2 d p r e f ............................... *90 94 934 254 2 6 4 264 2 6 34 26 264 264 2*6 4 26*4 264 2 6 4 0 6 4 R o c k Isla n d C o m p a n y .... 1 9 * 9 0 0 0 0 4 J ’ly 1 3 . 2 3 4 A p r 2 8 2 1 4 D ec 3 7 4 J a n 60 J 'l y 2 64 • 0 * 4 64 4 64 63 4 6 4 4 •624 D o p r e f .............................. 6 8 4 M arSl 6 0 4 N ot 8 5 Jan 64 4 63 4 6 3 4 4 ,6 0 0 64 65 4 70 •64a 7 0 4 4 •64 60 F eb 26 7 2 4 Apr 3 •64*4 71*4 * 6 4 4 7 0 *64 '4 70 67 D eo 8 1 4 M ar S t. L . <fcS.Fr., 1 s t p r e f ____ * 6 4 34 70 43 43 • 4‘ 2 45 *44 45 4 45 4 45 D ec 73 4 M a r D o 2d p r e f...................... 46 4 1 4 45 4 i*,3oo 4 0 4 J ’ly 17 5 T 4 F e b 6 46 444 •‘24 *24 4 • 2 4 4 25 2 4 4 24** 20 M oy 3 ,1 0 0 0 0 4 M a y 2 2 7 4 J a n 19 2 4 4 25 2 4 4 25 2 7 4 Jan 2 4 4 2 4 4 S t. L o u is S o u t h w e s t e r n .. • 5 ‘ S 55 2 55 664 57 4 8 4 M ay 0 6 l 4 J a n 2 4 38 JOo p r o f.............................. 65 N or 6 6 4 Apr 8 ,9 0 0 67 34 5 6 4 57 4 664 57 574 774 784 794 8 1 4 82 4 M ay 2 8 9 784 704 7 2 4 Feb S o u th e r n P a c ific C o ........... 1,025,635 6 1 784 A u g l7 5 7 4 May 704 814 8 2 4 89 118 1 1 8 4 '1 1 6 1 1 8 4 1 1 8 1 1 8 4 1 1 8 4 1 1 8 4 118*4 1 1 8 4 118 1184 D o p r e f....... ....................... J ’l y 2 1 2 0 4 J ’ n e 6 1 1 5 4 Jan 1 2 2 4 D e c 1 ,4 0 0 1 1 6 3 6 4 37 4 37 374 374 3 2 4 J ’l y 1 2 4 2 4 J a n 0 6 37 38 S o u t h e r n v .t r . o fs. stm p e d 2 8 ,6 0 0 374 874 874 28 M ay 33 ____ S ep 3 7 4 374] *99 • 0 0 1 0 0 00 4 100 *09 *99 4 1 0 0 D o p ref. do 95 A p r 1 0 2 4 Sep 99 4 9 9 4 6 6 0 9 7 4 J ’ l y 16 1 0 3 J a n 16 90 4 9 9 4 34 33 33 4 •3*2 S 3 3 4 ' p e x a s So P a c i f i c ................ 1 9 ,6 0 0 2 8 M a y 2 3 9 4 J a n 04 3 3 4 34 4 34 4 2 9 4 A p r 41 M ar 384 344 344 344 125 123 186 127 128 1 26 JL b ird A v e n u e ( N . Y . ) . . . 126 128 A u g lO z 139*4 Jan T .7 126 0 D eo 141 D eo 600 123 1 2 7 4 1 2 7 4 126 3 2 4 32 4 * 32 3 2 4 3 2 4 •31 29 4 A p r23 36 32 Toledo R a ilw a y s So L i g h t J a n 22 22 4 Jan 3 7 4 Apr • 3 l 4 32 4 300 32 4 32 4 '39 4 *27 4 2 0 28 3 4 4 M ay 4 3 4 A p r •27 4 2 8 4 28 29 2 ,0 6 0 2 5 4 J ’ l y 2 4 0 4 J o n 19 3 0 4 31 4 3 1 4 3 2 4 T o L S t. L . tfe V?. v . t r . ctfp 284 •45 43 J ’ly 13 5 9 4 J a n 19(1 5 1 4 Jan 5 1 4 52 48 48 43 4 43 48 4 D o pref. v o t. tr. c t f s . 65 Apr 6 ,2 8 0 49*4 5 L4 48 494 944 93 914 100 4 100 4 1004 141 1 41 41 42 120 4 1204 130 4 •92 •92 93 764 7 7 4 79 *8) •80 83 167 1674 1674 •67 •66 6S\ ’ 228 030 **228 60 4 6 J 4 61 95\ 1014 1*43 121 \ 94 774 88 168 69 230 61 05 95 4 95 4 9 54 1 0 0 4 100 4 94 4 1004 *142 1184 *91 70 4 *80 166 68 *225 604 96 944 974 1004 1 0 0 4 1004 1434 1 4 1 4 H I 4 119 118 119 4 93 *92 93 78 4 757 784 q 88 *80 88 1664 1 6 6 4 167 68 *67 68 230 *225 2^0 614 6 0 4 61^ B D E H K L M no •iy P BANKS AND TRU ST COMPANIES—BROKERS’ QUOTATIONS liu u k ji B id SKW TOBK A e t n a ............... A m e r ic a \ . . . A m e r K x c h .. 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T h A s s e s s m e n t paid, n B old a t p r iv a te s a le a t th is prtoa. 5 N ew 250 430 200 600 180 280 ........... . . _ - ., . . . . . . — New York Stock Record 364 H TO O LS—H I O H EH T A N D L O W EH T S a tu rd a y A n y. l i Mond.au A u g . 13 T uesday A u g . 14 h ale prjceh EYtdo/y A u g . 17 1 W ednesday 1 T h u rsd a y A u g. 15 A u g . 16 *1 1 2 Concluded— Page 2 J Hates 0 / STOCKS N E W YO R K STOCK EXCHANGE the \ Week j Shares [V O L . L X X X III R a n g e for Y ear 1 H06 Lowest | H igh est Range for P rev tou Lowest | H ighest 113 iT w in C ity R a p id T r a n s it . 300 j 108% J 'ly 3 122% J a n 22 105 J a n 122 % A p r D o p r e f. §153% M ay 160 J ’ ne 179% 1 f n io n P a c ific ..................... 1.31'), 550 138% Muy 2 179% A u g 17 113 J a p 1L51% D eo 1 D6 l4 157% 1 5 7 % 15 8 % 157*4 158*4 15 8 % 161 7h 162 % 163% 163 ‘ 7 D o p r e f ........................... 1,780 9 L % M ay 2 99 % J an 2 95 % N ov 101% Keb 95 96 95 95 94 4 95 *91 95 95 95 §94 94 67 68 U n it R y s I D v’ t o f S a n F ran 07 07 H i 68 4 68 4 4 .600 50 A p r 2o 9 8 J a n 18 21 % J an 92% D ec •66% 0 7 1 4 07 H 68% i 68 68 4a 73% 74 9 4 % D ec 2.60U 55 A p r 20 93 % J a n 17 i 6 4 % J a i) D o p r e f ....................... 73 4 74 7 4 % 74 4 1 74 74% 7 4. 717 s 74 74 4 84 % A p r 19 87 ^ J a n 13 ' 80 J 'ly j 85 N o v U n ite d R y e o f S t L ou . p rel 2 0 % 20% \ \ f a b a s h ............................... 20 20 4 19% 19% 18% P ly 12 26 % J a n 24 1,25« 20 *4 20 4 * 19% 20 4 17% M ay 24 % S ep *1 9 % 20% 4 7 % 47% ’ 7 D o p r e f ......................... *40 47 47% 3,100 4 0 % J an 3 5.1% F e b 27 *4 5 % 4 6 H i 37 May 48 F eb \6 H 4 7 % a 4 7 4 47 4 *4 6 *36 38 3 i J a n 3 4 4 % One 4 27 D ec *36 38 *3 6 38 N o v 30 *34 38 *30 38 W e s t e r n M a r y la n d .......... *3 6 38 ]8 IS M 7 ^ 18 % 18 18% * 18 1 * ** 1 8 4 18% 2 ,5 0 0 16 A p r 2 8 21% F eb 6 15 W h e e lin g & L a k e E r i e .. . May 19% M ar 18 18 40 4 0 4 *40 414 *38 41 M ay 2 4 s % F e b 6 | 3G M ay 48 *38 41 *38 41 30 0 3 6 F eb D o ] s t p r o f ................... 39 39 ......... 22 A p r 27 I 2 9 % F e b 6 2 0 M ay 2 8% Alar ♦23 25 ♦23 24 *2 3 % 24 *23 24 -2 4 25 D o 2d p r e f . . *23 4 24 26 26 4 W is c o n s in C e n t r a l.. 4,050 23 At ay 2 33 2 5 % 25% J a n 17 *25 26 % 2 6 % 26 4 20 A p r 33 % A u g 2 5 4 2 5 34 25% 26 V 5L 51 % 51 514 5,350 4 4 J ’ ly 2 64 J a n 15 4 9 % 49% * 4 9 49 7e * 4 8 50 D o p r e f .......................... 64 % O ct 45 J an 49 4a 51% I n d u s t r ia l *Ss iU is c e ll -2 6 0 3 0 0 *255 ......... 4 267 257 T260 300 A d a m s E x prana 5o 4 240 J * n e l4 '2 5 7 A u g 13 §236 J a p §2 5 0 F eb -2 6 0 3o0 *260 3 0 0 17% 18 17% 17% 4 ,7 0 0 16 J ’ l y 3 2 7 % J a n 24 * 1 0 % 18 * 16 H 18 a 17 H 17 % i 13 May 24 l4 D e c 17 4 1 8 4 [ x 1 is-C h j i b b e r s ............... 1 47% 48 47 47% *45 49 *45 49 Do p r e f .............. ) ,400 45 J ’ ly l7 67 J a n 24 46 % M aj 68 F e b *4 6 49 *46Ha 49 104% 106 % A m al ga m a t e d C o o p e r ........ i 50 ,4 9 0 9 2 % J ’ ly 13 118% F e b 13 101 lU 2% 1 0 2 % 103% 103*4 104 70 Jan 111% D e c lU 4% 105% 104 4 1 0 4 4 *2 4 4 25 4 A m e r A g n c i u t C h e m ic a l. 29% A p r * 2 3 % 24% 20 Jan 400 2 0 J ’ ly 3 3 4 % J a n 27 24 H 25 % *2 5 a 26 *25 25 4 *24 4 26 -9 0 .......... *9 0 93 A p r 23 102 J a n 25 8 9 % F eb 95 * 9 3 % .......... * 9 2 % .......... 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A m e r ic a n C o tto n O il........ 3 1 % 32 32 32 32 4 32*8 32 3^% *32 2 ,2 0 0 28 M ay 2 4 4 % J a n 11 27% J 'ly 4o% D ec 31% 32 4 93 4 03 v *91 93 % *91 H 93 H *91 H 93 42 *91 H 9 3 H * 9 1 4 93 4 i r F eb 100 9 0 % J ’ ne2U 95 J a n 10 89 %-J ’ ly 97 a D o p r e f ........................... a i '2 3 5 245 * 2 4 0 245 2 i5 A p r 2 6 2 4 9 % J a n 26 §209 % J an 246 F e b *235 2 4 6 *235 245 ♦230 245 *235 2 4 5 A m e r ic a n E x p r e s s .............. 7 % M ay 2 11% Jan 15 * 8 l4 9 l4 9% 9% A m e r ic a n G r a s s T w i n e .. *8% 9% 4% A ug 14 J a n 94 94 4 ,3 0 0 - 8*4 9 l4 94 9% 7 7 6 •J ’ n e l 3 10 J a n 26 *6 H a 7 7 7 *6% 7 *6 H a 7 * 6 4} 74 200 6 J ’ ne 11% D e c A raer H id e & L e a t h e r ___ 30 30 30 30 * 2 8 % 30 55 % Alar *29 30 2 9 % O ct 200 27 J ’ n e 2 6 43 J a n 25 *29 30 D e p r e f.. *28*4 31 71% 71 % 7 1 % 73 72 72 4 7 2 4 74 4 A m e r ic a n Ic© S e c u r it ie s . 2 7 ,2 8 0 3 5 % J a n 2 74 % A u g 17 24% J ’ly 36 D e c 71 % 71% 7 1 .4 73 4 20 *19 2 0 % . 20 *1 9 204 *19 4 21 100 1 7 % M ay 7 29 % J an 2 23 D ec 15 % J an A m e r ic a n L in s e e d .............. *19 H 20% * 1 9 % 21 a 42 ’ 40 42 41% 4 1 4 *40 41*2 *40 100 3 8 % M a y 4 5 3 % J a n 20 4 8% A p r *40 4 42 36 Jan D o p r e f ........................... *40 H 42 a 69 70 6 8 1 6 9 38 4 * 6 8 % 68% 69 *4 69 % 16,200 53% M ay 2 7 8 % J a n 4 76% D e c 33 Jan 6 8 4 70 4 70 70 4 A m e r ic a n L o c o m o t i v e . .. *113 114 *113 114 *113 114 *113 114 113 700 110% M a y 2 1 2 0 % J a n 16 103% Jan 122% A p r D o p r e f ........................... 113% 1 1 3 4 113 4 J ’n e29 *4 5 *4 5 *4 5 '4 5 6 % A pr 0 5 l4 N o v *4 5 5 D ec *4 5 A m e r. M a lt. c tfs . o f d e p ... *20 28 27 27 4 2 6 °8 20 % *26 27 N ov *26 27 8l)u 25 J a n 8 2 9 % A p r 5 24% D e c 26 *26 27 D o p r e f. c tfs . o f d e p .. -2 0 35 *20 35 2 > % A u g 6 54% A p r 16 *20 35 -2 5 29 *2 0 35 A m e r P n e u m a t ic s e r v i c e *50 65 *65 05 60 A u g 7 8 8 % A p r 12 *5 0 65 D o prevf *50 65 * 5 3 4 58 *95 98 9 6 % J ’l y 23 101% J a n 18 97 % S ep 102 N o v *90 98 *96 98 *96 98 -9 6 98 *9 6 98 A m e r S m e lte r s S e c p r e f B 1 5 1 % 152% 152 1543s 15‘2 34 154 4* 1 5 4 1 5 5 % 153% 1 5 5 % 1 5 3 % 1 5 5 % A m e r. S m e lt’ g<& R e fin ’ g . 9 3 ,9 5 0 13 8 % Ma> 2 174 J a n 18 79% Jan 170% D e c * 1 1 6 % 1 1 7 4 * 116% 117 117 117 117 117% 116% 117 117 117 80 0 114 J ’ n e28 130 J a n 12 111 % Jan 137 D e c D o p r e f .T ...................... * 2 1 0 240 ’ 200 240 *2 1 0 240 2u0 J ’ ly 6 22 0 J a n 25 163 Alay 2 50 N o v *210 240 * 2 0 0 240 *2 0 0 2 4 0 A m e r ic a n S n u ff. *102 110 * 10 2 n o 102% M ay 3 107 J a n 26 99 * lu 2 ilO *102 110 *1 0 2 110 *102 110 Jan 110 D e c D o p r e f.. 10% 11 *10 H 11 a 1.0% 10% * 10 H 11 i 10% 10% 18% M a r 6% J ’ ly 1,750 10 A p r 30 1 5 % J a n 17 10 % 10 % A m e r ic a n S te e l F o u n d r ’ s. *4 4 46 46 *4 4 40 45 4 4 5 4 *4 5 §4 5 H 454a a 350 4 0 M ay 2 53 % J a n 17 35 % J ’ ne 67 % A p r D o p r e f ........................... 45 4 45 4 130 136% 1 3 5 7s 136 H 136*4 1 3 6 7e 1 3 6 4 1 3 7 4 1 3 6 4 137 % 1 3 6 4 1 3 7 % A m e r ic a n S u g a r R e fin in g a 9 ,0 2 0 1 2 7 % M ay 2 157 J a n 8 L30 M ay 154% D e c * 1 3 6 138 *133 138 4 *1 3 3 138 *1 3 3 138 * 133 138 M ay 141 A u g 137 137 100 132 * A p r 30 140 J a n 19 133 D o p r e f ........................... 130 j ’ l y l S 1 4 4 % J a n 19 L31 D e c 1 48% J a n *1 2 5 135 • 125 135 -1 2 5 135 •■125 135 *125 135 ’ 125 135 A m e r. T e le p li. & T e l e s :... 100 100 * 9 9 78 101 100% 101 101 101 9 1 % Jan 109% D e c 101 1 0 1 4 10 L 101 1,100 96 J ’ly 3 109 J a n 22 A m er. T o b a c . (n e w ) , p rof. 3/ 37 ** 37 37 37 k2 38 47 % N o v 37 37 % 37 4 3 8 % A m e r ic a n W o o le n .............. 12,550 32 j ’ n e30 4 8 J a n 6 2 0 % Jan 37% 38 4 * 1 0 2 7e 104 -1 0 2 % 104 § lutt^a 103 H 103 103 4- 103 a 103 103 4 103 1,049 LOl J ’ly 13 1 1 0 % J a n 24 93 Jan 108% M a r D o p r e f ........................... 251 255 255 H 2 5 7 34 2564a 258 i D ec 257 4 258 4 2 5 7 4 26 3 4 25 s % 262 A n a c o n d a C o p p e r ............... 141,650 2 2 3 % M ay 4 3 0 0 F e b ia 100% May 295 *1 1 0 130 *1 1 0 130 *1 1 0 130 119 A p r 2 1 178 J a n -3 175 -1 1 0 130 *110 130 *110 1 3 0 D e c £215 F e b O r o o k l y n U n io n G a s ___ *1 3 % l o % -1 3 % 1 5 4 * 1 3 34 15 H -1 3 % 15 4 -1 3 % 15 4 22 % D e c i 15 15% iJ r u n s w . 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S a le ......... 94 101 944 95 103 1024 91 97*4 90 4 9 2 -a 1084 94*8 J ’n e ’ 0 6 1034 J ’l y ’06 J ’ n e ’0 6 984 904 J ’ n e ’ 05 J ’ l y ’ 05 109 A p r ’ 05 1 1 9 4 M a r ’ 04 95 95 1194 101 4 103 124 128 4 9841014 31 98*4 1 0 2 4 13241324 994 90 95*4 934 974 93 95 29 1 0 1 105 4 10041034 90 4 92 95*4 99=8 8 9 4 93 95 1 0 0 4 95 1124 127 J -J J-J 994 19 1100*8 1 0 3 41 1105 108*4 105*4 105*4 95 M a r’06 95 119 1094 . .. 1 1 1 3 10 93*4 851 8 0 4 13]I 7 5 4 93 J ’ ne‘ 06) — 93 115 4 D e c ’ 05 1084 115 N o v ’ 05 108 4 108 4 ......... 1 115 4 A u g ’ O; A -O ...........1 0 5 4 J -J 93*4 S a le J - J 103*4 1 0 0 M-N F-A lil7 S a le F -A ........................ FA F -A ........... 91 1 r 0 •0 85 SO j -j ; o 2 h . ........... j - j * 1 0 0 * 8 ........... 4 -0 J-J J -J * 9 3 4 ........... FA 904 . A -O 85 SabJ - .1 M S 124 1284 954 F -A 119 M ay’ 06 1174123 M-N i 1 1 2 S a le 111 *4 1 12 M -N, 113 Ai>r’ 06 Oct 97 97 9 6 4 98 Oct 91 92 91*4 91 Oct 87 89 89 4 89 4 J-D J-J 1U0 U64H04 10141014 9 5 4 J ’ ly *06 . . . . 1 0 0 4 994 95 4 994 4 J ’ l y ’ 06 A u g ’ 06 A p r '97 A p r ’ 06 F e b ’ 06 105=8 1 0 6 *v 105*4 J a n ’0 6 97 98*4 98*4 10041004 1 3 2 78 J a n ’ 0 6 1 1 2 = 8 J a n ’ 04 114= 8 N o v ’0 5 9 9 4 M a r’06 9 3 =8 93=6 9 5 * 4 A u g ’ 06 Q -J M-N 1 9 2 7e 93 99=8 M a y ’ 05 9 8 4 A p r ’06 0 0 4 J a n ’06 9 9 4 J a n ’ 05 9 8 4 N o v ’ 04 97 O c t ’ 04 95*4 95*4 iH I 8 C E I iliA N E O I J s S tre e t R a ilw a y B roo k lyn R a p T r g 5 s .........1 9 4 5 1 st re fu n d c o n v g 4 s ___ 2 0 0 2 B k C i t y l s t c o n 5 s .1 9 1 6 .1 9 4 1 B k Q Co<fc S con g u g 5 s . 1941 B k ly n Uu E l 1 s t g 4 - 5 s . l 9 5 0 S ta m p ed g u a r 4 -5 h . . . . 1 9 5 0 K i n g s C o E l l e t g 4 s ____1 9 4 9 S ta m p e d g u a r 4 b ...........19-P* N a s s a u E le c gu g 4 s . 1951 C on n R y 6c L lsr < ref g 4 s ’ 51 fe s ta m p e d g u a r 1 4 r .......... 1 9 5 1 D en C on T r Co 1 s t g 5 s . . 1 9 3 3 D e n T r a m Co con g 6 s . . l 9 H » D e t U n ite d 1st con g 4 4 s . j H a >ana Klee con sol g 5 s . 1 9 5 2 I n t e r M e t roll 4 4 s . . ......... 1 9 .g ; L o u ;* H r C o l e t con v 5 b . . 193' M a n ila Elec. 1st < coll 5 s . 1 9 5 3 fc 99 A-O 102 4 Sale 1 0 1 78 1u2 4 124 1 0 0 1 0 4 4 A-O * 1 0 1 *4 .......... 1 0 3 *s J ’ ly J 6 0 99 4 1 0 3 4 Nov Nov M-N 104*4 105 4 93*8 94 4 107 J ’ n e ’OO 1 0 0 J ’ no’ 0 6 106 107 110 F e b ’96 91 >•6 102 102 4 95 A u g ’0 6 J ’ ly ’(FI M a r ’ OC A p r'O O J 'n e ’ OO 121 1H 4 113 99 93 91 94 4 T 5 *•2 N. Y. STOCK E X C H A N G E SVk k k E nding a u g u s t 17 90 4 *) • / 1 • to F rxce BYiday A ugust 17 S id C en R R cfe B o f G a col g 5a 1 9 3 7 C e n t of N J g e u ’ l g o ld 5 s . 1 9 8 7 R e g i s t e r e d .......................h l 9 8 7 A m D o c k & I m p g u 5 s . . 1921 L e cfe H u d R g e n g r i g 5 s 1 9 2 0 L e h < W i lk s B C o a l 5 a . -1 9 1 2 fe C on e x t g u a r 4 4 a ------ * /1 9 l0 N Y cfe L o n g B r g e n g 4 s 1 941 C e n t P a c ilic S e e S o P a c ilio Co C h a s (fe S a v S e e A t i C o a st L in e d i e s cfe O h io g 6a s e r A . . A 1 9 0 8 G old 6 s ..................................... a l 9 l l 1 s t oou sol g 5 s .......................1 9 3 9 R e g is te r e d ...........................1 9 3 9 G e n e ra l gold 4 4 a ................ 1 9 9 2 R e g is te r e d ...........................1 9 9 2 C ra ig V a lle y l s t g 5 a ------1 9 4 0 R cfe A D iv 1 s t co n g 4 s . . 1 9 8 9 2d co n sol g 4 s .................... 1 9 8 9 W a r m S p r V a l 1 s t g 5 s . . 1 941 G r e e n b r ie r R y l s t g u g 4 s ’ 4 0 C hic < A l t R R r e f g 3 s . . . 1 9 4 9 fe R a i l w a y 1 s t lie n 3 4 a . - . 1 9 5 0 R e g is te r e d ........................... 1 9 5 0 C h ic B u rl & Q — D e n v D 4 s 1 9 2 2 I llin o is D iv 3 4 a .................. 194,9 R e g is te r e d ...........................1 9 4 9 G o ld 4 s ................................... 1 9 4 9 Io w a D i v s in k fu n d 5 s . . 1 9 1 9 S in k in g fu n d 4 s ................ 1 9 1 9 N e b r a s k a E x t e n s io n 4 s . 1 9 2 7 R e g is te r e d ...........................1 9 2 7 S o u th w e ste rn D i v 4 s ____1921 J o in t b o n d s S e e G r e a t N o r th D e b e n tu r e 5 s .........................1 9 1 3 H a n & S t J o s co n so l 6 s . . 1 9 1 1 C h ic & E 111 r e f & im p g 4 s 1 9 5 5 1 s t s f cu r 6 s .........................1 9 0 7 1 s t co n sol g 6 8 .......................1 9 3 4 G e n e r a l c o n so l 1 s t 5 s ____1 9 3 7 R e g is te r e d ...........................1 9 3 7 C hic (fe i n d C R y 1 s t 5 s . 1 9 3 6 C h ica g o (fe E r ie S e e E r ie O liic In & L o u is v r e f 6 s . . . 1 9 4 7 R e fu n d in g g o ld 5 s ............. 1 9 4 7 L o u is v N A (fe C h 1 s t 6 s . 1 9 1 0 C h ic M il (fe S t P te r m g 5 s 1 9 1 4 G e n e r a l g 48 s e r ie s A . . e l 9 8 9 R e g is te r e d .........................e l 9 8 9 G e n e r a l g 3 4 s se r ie s B .e l 9 8 9 C h ic (fe L S u D i v g 5 s . . . . 1 9 2 1 C h ic (fe M o R i v D i v 5 s . . . 1 9 2 6 C h ic & P a c D i v 6 s ............. 1 9 1 0 C h ic < P W 1 s t g 5 s ......... 1 9 2 1 fe D a k & G t S o g 5 s ................ 1 9 1 6 F a r (fe Sou a s s u g 6 s ......... 1 9 2 4 H a s t & D D i v 1 s t 7 s ......... 1 9 1 0 1 s t 5 s ....................................... 1 9 1 0 I & D E x t e n 1 s t 7 s ........... 1 9 0 8 L a C ro sse & D 1 s t 5 s ____1 9 1 9 M in e r a l P o in t D i v 5 s ____1 9 1 0 So M in n D i v 1 s t 6 s ........... 1 9 1 0 S o u th w e s t D i v 1 s t 6 s ____1 9 0 9 W i s & M in n D i v g 5 s ____1 9 2 1 M U & N o 1 s t M L 6 s . . ..1 9 1 0 1 s t c o n so l 6 s .......................1 9 1 3 ChiC(fe N o r t h w co n s 7 s ____1 9 1 5 E x t e n s io n 4 s ........... 1 8 8 6 -1 9 2 6 R e g is te r e d ............. 1 8 8 6 -1 9 2 6 G e n e r a l g o ld 3 4 a ................ 1 9 8 7 R e g i s t e r e d ......................p i 9 8 7 S in k in g fu n d 6 s . ..1 8 7 9 - 1 9 2 9 R e g is te r e d ............. 1 8 7 9 -1 9 2 9 S in k in g fu n d 5 s . . .1 8 7 9 - 1 9 2 9 R e g is te r e d ............. 1 8 7 9 -1 9 2 9 D e b e n t u r e 5 s .........................1 9 0 9 R e g is te r e d ...........................1 9 0 9 D e b e n tu r e 5 s .........................1 9 2 1 R e g is te r e d ...........................1 9 2 1 S in k in g fu n d deb 5 s ......... 1 9 3 3 R e g is te r e d ........... .......... 1 9 3 3 D e s M o & M in n 1 s t 7 s . . 1 9 0 7 N o r t h I lli n o i s 1 s t 5 s ____1 9 1 0 O tt C F <fe S t P a u l 1 s t o s 1 9 0 9 W in o n a tfe S t P e t 2d 7 s . . 1 9 0 7 M il L S & W e st 1 st g 6s 1921 E x t & Im p s fu n d g 5s 1 9 2 9 A s h la n d D i v 1 s t g 6 s . . 1 9 2 5 M ic h D i v 1 s t g 6 s ........... 1 9 2 4 C o n v e r tib le d eb 5 s ____1 9 0 7 I n c o m e s ............................... 1 9 1 1 C h ic R o c k I s i <fe P a c 6 s . . . 1 9 1 7 R e g is te r e d ...........................1 9 1 7 G e n e r a l g old 4 s .....................1 9 8 8 R e g is te r e d ...........................1 9 8 8 R e fu n d in g g 4 s .................. 1 9 3 4 C oll t r u s t S e n e s H 4a . . 1 9 1 0 J 4 s ......................................... 1 9 1 2 M 4 8 ......................................... 1 9 1 5 N 4 s ......................................... 1 9 1 6 O 4 s .......................................... 1 9 1 7 P 4 s ......................................... 1 9 1 8 C h ic R I & P a c R R 4 s . .2 0 0 2 R e g i s t e r e d ..........................2 0 0 2 C oll t r u s t g o ld 5 8 ............ 1 9 1 3 B ur C ed R < N o 1 s t 5 s . 1 9 0 6 fe C 0 1 1 1 s t < co l tr g 5 s . . . 1 9 3 4 fe R e g is te r e d .......................1 9 3 4 C R I F (fe N W l s t g u 5 s . 1 9 2 1 M (fe S t L 1 s t g u g 7 s . . 1 9 2 7 C hoc O k 6c G g e n g 5 s .© 1 9 1 9 C o n so l g o ld 5 s .................. 1 9 5 2 K e o k < D e s M 1 s t 5 s ___ 1 9 2 3 fe C lu e s t L (fe N O S e c 111 C e n t VI-N J -J f t W eek ’s R a n ge or L a s t S a le M a r ’ OO J ’l y ’ 06 J ’ n e ’ 06 104 ......... 104 M uv’06 1 07 4 ......... 1 0 7 116*4 1 1 7 ^ 1 1 6 4 1174 116 J ’ n e ’ O. i b 7 4 S a le 1 0 7 107*4 104 M a y ’ Ob 1 12 F e b ’ 06 100 ......... 100*4 J ’l y ’0 6 95 1U0 96*4 M a y ’ 0 6 1 1 3 4 F e b ’ 05 99*4 F e b ’ 06 A u g ’ Ob 80 80 4 80 7 6 4 ........... 76*4 77 4 8 0 4 M a y ’ 05 100 102=8 J ’ l y ’0 6 914 914 914 9 6 4 F e b ’05 102 1 0 1 4 1 0 2 4 I01=a 106 ........... 1 1 0 4 J a n ’ 05 101 ........... 1 0 1 101 102 4102*4 1 0 3 J ’ l y ’ 0 6 104 4 M a y ’ 0 6 100 1 00 J ’l y ’ 0 6 M-N M -S J -J J -D A -O M-N M-N J -J 103*4 109=8 J -J J -J J -J J -J J -J f t J -J J -J J -J J -J J -J J -J J -J J -J J -J J -J J -J J -J J -J J -J J -D J -D Q-F F -A F -A M -N Q -F A -O A -O A -O A -O M -N M-N A -O A -O M-N M-N F -A M -S M -S M -N M-N F -A M -S J -J F -A M-N J -J J -J J -J J -J A.-P M -N M -N M-N M-N M -N M-N M -N M N M -S J -D A -O A -O A -O J -D J -J M-N A -O Range S in c e J anu ary 1 H i g h N o L o w H ig h 103*4 A n g ’ 05 . . . . 3 126*4 13'126 4 1264 127 A u g ’ 06 . . . . 1 2 5 4 1 3 1 H — 112*4 M a y ’ 06 11 - - 4 113 A -O A -O M-N M-N M -S M -S J -J J -J J -J M -S M-N A -O J -J J -J F -A J -J J -J J -J A -O A -O M-N M-N 1 0 0 A sk L o w 106*4......... 120*b 130 124 ......... 1 0 8 4 112 104 4 ......... J -J 1 02 M-N ........ 101 s 101*8 1 0 1 4 1 0 2 Q-M M -S * 1 0 1 4 1 0 2 4 M-s $ 2 4 1314 117 115 116 130 J ’l y ’06 1 1 4 4 J ’ n e ’ 06 1 0 7 4 J ’ n e ’0 6 1 0 8 4 M a r ’ OO 107*4 A u g ’ 0 6 L 0 9 4 J 'n e ’ 04 92 92 1 1 5 4 O c t ’ 05 115*4 J ’ n e ’ 06 108 A p r ’ 06 1 1 1 4 A u g ’ Oo 110 J ’ n e ’ 06 122 ........ 1 3 7 4 J ' l y ’ 99 108 ........... 1 1 3 J ’n e’ 06 A u g ’ 04 1 0 1 4 ........... 1 0 6 182 4 A p r ’06 1 0 8 = 6 ......... 1 1 1 4 M a y ’ 0 6 1 0 1 4 ........ 106=8 A p r ’ 05 J’ ly ’ 0 6 1 0 4 4 ......... 1 0 6 1 0 4 4 Saxe 1 0 4 4 104 4 1 0 9 * 4 ......... 1 1 2*4 A p r ’ 0 6 1 0 5 = 8 ......... 108*4 M a r ’ OO 1 0 9 78 ......... 1 1 5 F e b ’ 06 122=8 J ’l y ’ 0 6 1204122 9 9 = 8 ......... 1 0 2 4 J ’l y ’ 0 6 101 J ’l y ’ 0 6 96 97 96 96 N o v ’ 98 96 4 103 113 J ’ n e ’ 06 1 1 4 4 F e b ’ 06 109 109 J ’l y ’ 06 107 4 J ’ n e ’ 0 6 102*4 J ’ l y ’ 0 6 103 104 M a r ’ 04 1 05 4 J ’ l y ’ 06 106 4 1054 108*4 J a n ’ 04 113 113 114 117 F e b ’ 06 1 0 9 4 .1 -1 1054 104 1024 123 4 117=8 142 4 128 4 105=8 109 1174 117 4 1004 100 93 97 97*4 96 93 89 4 90 7 7*4 79 92*4 102 4 117*4 120 4 H i 1 0 5 4 ____ 109 .... 1064109 105 4 A u g ’0 6 111 M a y ’ OO 108 A p r ’06 100=8 ....... 1 2 3 4 ........ 114*8 1 1 6 125 4 ......... 123 102 ....... 117 118 4 117 ........... 100 4 Sale ......... lo t) 4 9 3 7q Sale 96 ........... 94 ......... . 9 1 4 ........... 9 0 * 4 ........... 90 .......... 89 4 ......... 7 8 4 Sale 92 93 i i 7 7e 102 4 10*2 4 1 03 107 1164 1144 105 1 04 112 100=8 96 4 1064 1104 1194 1 16 109 105 112 102 4 96*4 .... 3 99*4 7v» 76*4 99*4 **2 4 82 .... 1 99*4 102=8 91 95 4 .... 9 .... 19 .... . . . . — . . . . 179 101 1 100 . . . . 102=8 .... 1044 98 L 0 4 4 J’i y ’06 . . . 4 109*4 109*4 95= 8 J ’ n e ’0 6 . . . . 1 0 2 4 J ’ n e ’0 6 . . . 132 J ’l y ’ 0 6 . . . . 1 1 6 78 J ’l y ’0 6 . . . . 1 1 8 4 F e b ’ 06 . . . . 115 J ’ l y ’ 06 — 129 ........... 1124115 1 0 5 4 ......... 106 ........... 1064 1084 ........... 1 0 7 90 4 94 1 0 9 = 8 ........... 1 1 2 4 ........... 105 ........... 11041124 1 0 5 * 4 ........... 1 0 0 4 ......... 102 100 . . . . . . . . — 1 . . . . . . . . • ••• .... 1064 102*4 107 104 4 100 102 4 107 108 4 1 1 2 4 9 4 7a 96*4 1024104*8 132 139 1164120 11841184 1 1 4 4 1 1 8 78 130 137 1134 1144 107 1084 10841084 1054111 92 97 116*4 1 1 8 4 107 4 108 4 1114115 107 4 1 1 0 4 — 1 1 1*8 1 1 3 . . . . 1 82 4 1 8 2 4 11141134 — 105 108*4 1 104 4 1 0 6 * 4 . . . . 112*4 1 1 5 4 . . . . 108*4 108*4 . . . . 115 115 .... 1224126 . . . . 1 0 2 4 105 4 • - . L01 102 140 9 6 100 4 . . . » ___ 1 13 113 ,.., 1 1 4 4 H 4 4 .... 1084109*4 . . . . 10741074 . . . . 102*4 1 0 4 7a 105 4 1 1 2 4 — 4 1 13 1 17 117 117 D e c ’ 05 D e c ’ 05 J’ ue’ 06 102 4 1 0 2 4 J ’ l y ’ 06 . . . . 1 22 4 1 2 6 4 J ’ n e ’0 6 . . . . 1 1 7 4 1 1 8 F e b ’ 02 F e b ’06 — 128 4 1 2 8 4 S e p ’05 S ep ’ 03 J ’l y ’ 0 6 . . . . i l 7 4 i ’2 0 « 8 J ’l y ’ 0 6 U 7 4 U 9 4 58 1004 99 1.03 4 J’ l y ’ 0 6 99 102 164 94 92*4 9 7 J ’ ly ’ 04 D e c ’ 05 N o v ’ 05 M a y ’ 04 M a y ’0 6 — 894 894 M a y ’ 04 7 8 *h 70 75 4 8 1 4 D e c 05 16 8 8 * 4 93 92*4 M a y ’ 06 11X>4 1 0 2 4 J ’ ly ’ 06 — 117*4 1 1 9 4 M ar’03 N o v ’ 05 _______ — 105 111 108 100=8 111 111*8 B O M > > — C o n tin u e d o n N e x t P a g e . 2 0 104*4 H)9 591 9 1 4 1 0 0 106 1 07 100 104 12 10G 113A ii 1 0 no <1{) 5!.', 89 964 1 80 894 102 102 106 *s 1 0 2 4 — • «> ’0 ’ . *'| .$ 1 G 94 J ’ ly in, ■ B • i 796 lii!» M n i'lih 98 M a y ’ OO BONDS Lon> High 103 4 1 0 4 4 103 104=8 102*4 1 0 3 4 102=8 104*4 i03 102*4 129 129*8 108*4 A p r ’ 06 O ct ’ 0(i M a r’02 M a r’ 0 ‘2 J ’ n e ’ 06 D e c ’ 04 J ’ly ’06 J ’ ne’ 06 M ar’ OO J ’l y ’ 06 PACK! 90 4 1*54 S tre e t R a ilw a y M e t S t R y g e n co l tr g 5 s . 1 9 9 7 R e f g 4 h ....................................2 0 0 2 B w ay cfe 7 th A v 1 s t e g 5 s 1 9 4 3 Col<fe 9 th A v 1 s t g u g 5 s . 1 9 9 3 L ex A v & P F l s t g u g 5s 1993 T h ir d A v o R R con g u 4 s 2 0 0 0 •Met W 8 E l (C h ic ) 1 s t g 4 s . 1 9 3 8 Mil E l R y < L 3 0 -y r g 5 s . 1 9 2 6 fe M in n St R y 1 st con g 5 s . . 1 9 1 9 N O rl R y (fe L t g e n 4 4 s . . 1 9 3 5 S t Jo Rv L t II A- ] » 1h i •' 19X7 P au l C ity C ab co n g 6 b 1 9 3 7 U n d e rg ro u n d of L o n 5 s . . . 1 9 0 8 U n ion El (C h ic ) lHt g 5 s . . 1 9 4 5 ' m ie d R Its San Ki - r 4 s . 1 9 2 7 U n ited K v s s i i, j - 1 ir is 1 * 1 3 4 W »‘ Hie s t 4 " - y r run 5 s . 1 '* 9 ; F -A 1 0 8 4 1 1 0 7e 1 08 4 84 A -O 84 S a le J -D 1 10 4 ........... I l l 113 M -S 1134H 8 1124 112 4 115 M -S 91 J -J 91 Sale r . .1 1 154 1164 1164 9 l = « ........... 9 3 4 F -A 109 F-A 107 4 J -J ........... 9 0 = 3 J -J * 9 0 M-N 101*4 1 0 4 114 4 J -J ...........1 14 94 4 J -D .......... 9 5 4 in«-»4 A -O A -O 8 3 4 84 >5 = 0 J -J 99 M-N .u g © D a e O ct A u g ’ 00 45 s4 A u g '0 6 J ’l y ’00 .„ J ’l y ’ 06 17 914 J ’l y ’ 0 0 J 'ly ’ 0 6 J ’ l y '0 6 __ F e b ’0 6 ___ P0«9 15 N o v *06 95 J ’ l y ’ 05 12 55 J ’ ly 0 0 D ec *97 pD ueN ev 1 1084 U7 83 92 110 110*4 113 1194 1124 1164 91 95 4 1154119 93 4 93 4 109 109 1074 1074 89*V 92 4 93 4 98*4 71 ‘ ‘ 8b * 4 85=6 9 0 ........................ s O p tion Sal* New York Bond Record 366 B O N D * N. y . STOCK E X C H A N G E W kkk E n d in g A u g u st 17 G h lc S t So S t L C lu e 6s C o n s O h S t S ee P itts P M & O r e d u c e d t o So P M in n N o r W is c o n s in S t So P C h ic a g o S C it y 1 9 1 8 1 s t 6 s ...1 9 3 0 6s 1 s t g T e r T r a n s C o u p o n 6s g . . . 1 9 1 0 4 s ...1 9 4 7 o i l ......................................................... 6 s <71932 C h ic< fc W e s t I n d g e n g So W M i c h See P e r e M a r q C h o c O So G u l f See C R U P C i n H So D 2 d g o l d 4 % s . . . 1 9 3 7 B O N D S STOCK E X C H A N G E W b e k E nding A u g u st 17 N . High No IAn^ High. Ask 7,0-10 130 135 131 136 131*8 J ’ ly ’ 06 92 V ......... 93 D e c ’ 03 ......... 133 1/33 J ’ n e’ 06 131% 135*4 129*4 M a r ’04 120 H 12 4 % a 1 2 0 % ......... 120*4 J ’-ne’ OO 101 V M.ay’ 06 . .. I 0 OJ2 10 L *v 4 '9 8 1 0 0 % 99 7, 9 9 % ......... 9.9 7b 113 114% ......... 11288 113 42 J ’n e ’ 06 ... 1 9 3 0 3 V s . 1 9 3 0 1 st g 1 Hia P e n n C o 6a c o n Range Since 00 January J Week's Range or Last Sale trice Frida v A u gu st 17 C D <fc I 1 s t g u F i n d <& F t W 6s . g ..1 9 4 1 1 st g e n e r a l 113 107 J -J M-N " ......... 108 So W 1 s t g u g 4 8 . 1 9 5 3 So C S ee C C C So S t L C i n S So C See C C C S t L C l e a r f i e l d So M a h S ee B R So P C l e v C i n C So S t L g e n g 4 s 1 9 9 3 J -J 1 S o il C o 91 C in So W 6t L 1 st g o ld M D iv D iv 91 R e g i s t e r e d ......................................1 9 9 0 So C S p r W W C o l D iv V a l D iv So C 1 S t 1, 1 st g 4 s .. 1 9 4 0 1 s t g 4 s . . . 1 9 4 0 6s c o n s o l .. 1 9 2 0 1 s t g o l d 4 s ...................... ........... / c l 9 3 6 . 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J -J A -O H o n 1 0 9 V J ’u e ’0 6 1 0 9 V H ig h U 5 1 0 3 V C o l 135 O c t 1 14 A -O C o l 1 0 4 V N o v ’ 01 1 s t p f 5 s . . - d l9 3 8 E a s t 1 0 6 V R an ge S in es J a n u a ry 1 High. No L oir 1 22 A -O 1 U in o is C e n tr a l 1 s t g 4 s . . 1961 . . 103 4 s .l? f4 0 I n c o m e 4 s .......................... S ee S R e g i s t o r e d ...........................................1 9 9 9 R e g i s t e r e d ................................ 1 9 3 4 I n d 4 s . .. 1 9 2 8 H o c k V a l 1 s t c o n s o l g 4 V s . 1 9 9 9 H o u F e b ’ 1)6 1 s t g S 1 1 s t r e f <fe t g H o u sa to n ic 103% 103 115 122 A -O J o So A l a So N o r So S a n I 1 7 V U 8 V 4 ^ . 1 9 4 1 1 s t g 6 s . . . . 1 92 1 S A Ask Lcno J -J I ,2 ^ M a r S ee * S e a A L i n e a C a r S ee S e a A L i n e e o r g ia P a c ific See S o R y i l a V G So N o r S ee S o P a c C o q u v So O s w e g a t S ee N Y C e n t r a n d R a p So I n d S ee P e n n R R r a y ’s P t T e r m S ee 8 4 . L 8 W t N o r — C B So Q c o h t r 4 s 1 9 2 1 R e g i s t e r e d , h ..................................1 9 2 1 r e e n b r ie r R y See C h e s So O G C o n s o l s i n k f u n d 7 s _____ 1 9 1 4 G e n e r a l c o n s o l g o ld P e r e W eek's R an ge or L a st S ale P H o f 1 8 8 2 1 s t 5 s . 1 9 1 8 G 2 101*4 105*4 100 100*4 100 1 0 1 % 10 2 101*4 101*4 .6 LOO lOOt* 100 A n g ’ Q ......... 99 100 J ’ n e ’06 ......... 100 9 9% 9 9 ® J ’ ly ’ 06 8 * .......... 99 100 O ct ’ 04 ___ 99*4 F e b ’ 05 94 V Aug>03 1 0 6 % ....... 105 J a n ’ 04 99 v 100*4 99°8 A u g ’ 06 . .. 10 0 % 101 M a y ’ 06 101 1 1 0 4 ......... 113*4 J ’ n e ’ 06 ___ i 12% 1 1 8 % ......... 1184a J ’ly 118V g 4 s .. 1 9 9 0 S t & G 1 s t g 4 s . 1991 G r 1 9 3 0 So \ 112 91 10 1 R io So tr ic e F rid a y A u g u st 17 S e a A i r L in e 1 s t g C 6s . M See D C o D e n 6 s ..1 9 2 3 C h See e n in F o r t S t U G 4 s _____ 1 9 3 9 1 s t c o l t r So P ................ 1 9 4 2 1 s t g See S o 1921 / Ji a l H a r i 107 M a r’06 B r a n c h So lin t< fe P e r e A F la C F t W Oct. >00 107 6a . g o ld L 'a r g o 1 S t L C a ir o D lv 6s 1st G e o r g ia M -N C in g o ld V e r n o n [V ol . L x n u i. B id P e n n -C o c o n s M t F t W «fe 1 s t g u 4 s g .> 2 3 C So P i t t s See So T H 1 s t E r ie l VI £ 4" **" : Y . 'E v a n s C h ic C in Continued—Page 2 V 13 1 0 0 % 1 0 4 % 1 0 0 1 0 1 % 1 1 1 % 1 1 5 % 9 7 1 0 0 % 1 0 4 1 0 8 % 1 0 3 % 93 104*4 9 4 % 4 105 15 85 199*4 9 2 1! 2 h lS O E L L A N E O U ft BON D*—Continued on Next P age. 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D u e A u g ________ p r 1 0 6 % A _ o D u e O e t gD >06 u e D e o _____ «O 1 0 6 1 0 8 % p tio n S $ ft* New York Bond Record—Continued— Page A ug . 18 1906. J B O M » k. T . STO C K E X C H A N G E N . 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"35 J - J 95 J - J 1 1 3 9 9 F t X) 1 s t A 8 t L M 8 t P A M 8 S M M in n M o A S ee A 2 d g o ld le t S t T e x le t- A S t r e fu n d L D iv A K a n K A K A 4 s . . . 1 9 9 0 r e f g J-D ........ ; 8 6*o M-N M -S "8 8 7 V 1 0 6 5 s . ..1 9 4 0 M -N i 87*2 J ’n e ’0 6 9 6 1 s t g u 5 s ............. 1 9 4 2 M -N 1 0 5 1 0 7 1 0 6 * 4 J ’l y ’ 0 6 . . . . M -S lU 8 * o Sale 108*2 108*2 103*4 A p r ’0 6 . . . . 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I l0 2 ............ 0 ................i '07 ................ .... 79 1 0 5 N o v ’0 5 1 0 5 O c t 104*2 F e b ’0 6 ’0 2 1 04*2 1 0 4 4 M I S C E L L A N E O U S r rid * v ..<1 90*4 105*2 ................ 1 0 3 0 * , ! 1 9 9 3 C o a l and Iron Col F dr I Co gen n t g 6 a ..1 9 4 3 F Convertible deb g 5e___ 1 9 1 1 1F Col C A I Dev gu 5« g . . 1909 J Col Fuel Co gen gold Bs. 1919 M Gr R iv Coal & C 1st g 6 s l9 1 9 A Colorado Industrial 1st m A coll Ob g u ___ b934 F C on tm ’ ialC l s t s f g u 5 s g .l 9 5 2 JefTA Clear C A 1 1st g 5s. 1926 2d gold 6 s........................... 1926 „ Kan A H C A C 1st s f g 5 s .l9 6 1 J Pleaa Vai Coal 1st g s f 5s. 1928 J T e e n Coal gen 5 s...............195) J Xenn Div 1st g 6 s ........a l9 1 7 A Blrm Div 1st consol 6«. .1917 J Cah C M Co 1st gu g 6a. 1922 J D e B a r C A 1 Co gu g 6s. 1910 F V J r o n C o m A C o 1 -r .r>M . 1 9 4 9 | M " N o p r i c e ’ 1 9 4 2 1 s t 4 8 ...1 9 S 6 1 st c o n ’06 _______ B it C o a l 1 st s f 4 8 .1 9 4 0 A B O N D S N. Y . STOCK E X C H A N G E W eckk E nding a u g u s t 17 ’aJS J Y tce F r id a y A u g u s t 17 W e e k 's K angs R ange or Last Sale S in ce ^ > January 1 ■ " s ------------ --- ■ 3 © B id A s k Low H igh N o \\lsow H i g h * N Y Cent A H R—( C o n t i n u e d ) N or A M ont 1 st gu g 5 8 .1 9 1 6 A O 1 0 5 105 ^aie J . 0 5 2 11 0 5 1 0 9 W e s t Shore 1st 4 s g u . . . 2361 J - J " I 0 3 *4 1 0 7 * 2 ................ 1 0 4 L1 0 3 *2 A u g ' 0 6 R egistered........................2361 J - J -j 9 6 *2 1 0 1 * 8 97*. 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B a l e 76 V63s 12 7 5 7 8*2 General lien gold 3 s ___ <*2047 Q - F 7-1 ........ . 7 6 J ’ n e ’ OO 74 34 7 6 R e g iste re d ....................<£2047 Q-F 9Sa ,......... 98 J ’l y ’06 4 9 3 1 0 1 S t Paul-D ul D iv g 4 s ___ 1996 J - D Registered........................ 1996 J - D C B A Q c o lltr 4 s ^ e O tN o r 12434 M a y ’0 6 124 125 S t P A N P gen g 6 s. ...1 9 2 3 F - A 1 3 2 J ’i y ’ 9 9 Registered c e r tifie d ..1 9 2 3 Q - F i ll" 1 13 M a r ’0 6 St Paul A D ul 1st 5 s ___ ) 931 F - A 1 1 3 l l 3 1 0 7 1 0 9 34 H a r ' 0 6 2d 5 s ................................... 1917 A - O 1 09 *2 1 1 0 1 0 0 J ’l y ’0 6 100 100 9 8*2 1st consol gold 4 s .......... 1968 J - D 9 3 M a y ’G o 9 1 9 3 W a sh Cent 1st g 4 s .......... 1948 Q - M 1 1 5 1 1 6 34 1 1 6 M a y ’0 6 N or Pac T er Co 1st g 6 s .. 1933 J - J 1133 b N o r R y Cal S e e So Pac N or W is S e e C S t P M A O Nor A M ont S e e N Y Cent Lnd A W S e e C O C A St L 1.16 M a y ’ 06 116 116 1 1 3 * 2 hio R iver R R 1 st g 5 8 .1 9 3 6 J - D 111 114:,4 J a n ’ 06 General gold 5 s .................. 1937 A - 0 110*8 11434 Ore A Cal S e e So Pac Co Ore R R A N a v S e e U n Pac Ore Short Line S e e U n Pao Oswego A Rome S e e N Y C O C F A St P S e e C A N W 93 9 8 * 4 J ’n e ’0 6 100 O z’r k A C h e r C l s t g u 5 s g .1 9 1 3 A - O 100*8 ilO J ’l y ’ uo 110 114 ac Coast Co 1 st g 5 s ...'.1 9 4 6 J -D 1 0 9 4 ac of M issouri S e e M o Pac 103 1 0 6 34 103 J ’ l y ’06 Panama 1st s fund g 4 *28 --1 9 1 7 A -O 10334 Sink fund subsidy g 6 s . . 1910 M - N 102 A*rV5* 106 Aug*ttt> 104 *2 IO 834 Penn Co— Guar 1 st g 4*28.1921 J - J ............. 1 0 6 * 4 Registered........................1921 J - J 105 105 ........I 0534 105 J ’ly "06 90 *2 J ’ne’06 Guar 3*28 coll tru st r e g .1 9 3 7 M - S 90*2 90*2 8 9 * 2 ................ 90 J ’ly ’U6 90 92*h G u a r3*20coll tr ser B ...1 9 4 1 F-A 88*4 92 96 98 T r Co certiTs gu g 3*28.1916 M - N 96^4 97*4 96 *2 J ’ly ’06 1 1 7 * 2 12 2 C S t L A P 1 st con g 6 s .1932 A -O 117*2 A u g ’U6 R egistered........................ 1932 A -O 108*4 A u g ’Oo Cl A P gen g u g 4 *28 ser A . "42 J - J Series B ..............................19 4 2 A -O Series C 3*28.................... 1948 M - N 98*2 D e c ’05 90 J a n ’0 4 S en es D 3*2S.................... I9 6 0 F -A 9 6 * 4 J a n ’06 E rie A P itts g u g 3 *2s B .1 9 4 0 J - J 96*4 96*4 S en es C..............................1940 J - J 98^4 Apr '04 N A C Bdge gen gu g 4*201945 J - J 102 1 10 J ’ly ’06 P C C A St L gu 4 *23 A . . . 1 9 4 0 A -O 09 *2 112 7 e S en es B guar.................. 1942 A -0 110*2 110 J ’ n e ’ 06 109*2112*4 S en es O guar.................. 1 9 4 2 M - N 112 *2 .J nC 05 Series D 4s g u ar............1945 M - N 99 99 99 J ’ n e ’ OO 9 9 *2 S en es E 3*2 guar g ___ 1949 F -A 9 0 90 A u g ’Oo 8 9 ^ 94* q Series F 4s g u a r ..........1953 J -D Pitts F t W A C le t 7 s . ..1 9 1 2 J - J 127 c8 O c t '0 2 2d 7 s ..................................... 1912 J - J 119 J ’n e ’ OO 117*2 119 3d 7 s ................................ h 1 9 1 2 A -0 119 A p r ’ 04 Penn R R 1st real est g 4 s . 1923 M - N 1 0 1 1 0 3 104*2 J ’ l y ’ 06 104 *2 106 *2 Consol gold o s.................... 1919 M-S 111 *2 S ep ’ 0 i Consol gold 4 s .................... 1943 M - N 100 A u g ’ Oo Convertible g 3*28............ 1 9 1 5 J - D 94 *2 90*e 1674 92*4 101 96 *8 Sale Convertible g 3*28............ 1912 M'N 103 Sale 9 6 1 0 5 34 '•8 r8 103**8 6 9 2 1 > A lieg Val gen g u g 4 s . . . 1942 M-S 104*4 O ct ’ 05 Cl A Mar 1st gu g 4 *2 8 .-1 9 3 5 M - N 110 J a n ’ 05 D R R R A B g e l s t g u 4 s g ."3 6 F -A Gr R A I ex 1st gu g 4*28 1941 J - J 1 0 7 *2 M a y ’ O t . . . . | 1 0 7 * 2 1 0 8 A 122 O F J .J S h o r e 120*8 27 . . . . 9 6 R e g i s t e r e d ....................................... 1 9 9 7 D e b e n 1 0 5 1 )6 I1 5 3 e A p r ’0 6 u A -O A 1 0 3 1 07*2 A p r ’0 6 1 2 2 li e n 4 * 2 8 .1 .9 2 6 C e n t A . . . . 11 9 1 9 4 J -J B d g e N 9 9 N o v ’0 5 6 6 ..1 9 1 7 p n -o r lie n N 9 3 7 . . . . 9 8 94*o 3 1 14*2 9 0*2 9 4 1 2 5 * 4 . . . . 4 « .......................................1 9 5 1 R P . 1 0 8 *o M P g 6 s .. 1 9 2 3 1 s t S h e t D J u n e A 5 s ................ 1 9 2 8 A i p n o r c o n s o l 1 14*4 108 ................ f .J 1 s t 7 s . 1 9 1 3 1 s t B r a n c h E lo r A M S ee S S ee D e l T E s s e x C h a t A 9 3 * , 9 3 J ’n e ’OO 116 J -J 4 s ..e l 9 3 0 1 0 7 *o 1 0 2 * a 9 1 M a r ’0 5 L 18 F-A 5 s . .1 9 4 7 1 0 4 1 11 1 0 2 34 see S o u t h e r n S ee N Y C A H i v see B A O 4 s C e n t g 1 0 3 * o 1 0 7 *8 e b ’06 1 0 1 Sg A u g ’ 0 6 J -D 6 s . .1 9 2 7 1 2 5 3 6 1 1 0 J - J g 4 s ................... 1 9 3 1 J a s p e r B r a n c h J J - J 1 0 4 1 2 0 101 M -S 5 s J .9 4 6 1 0 1 . . . . 10U ale 2*o £ S94 108*4 1 0 9 * o ’0 6 J ’i y 9 2*2 9 3 l l 4 * o S a le 1 0 9 *e 0 8 * 4 J ’ n e ’ OO *2 F 10 5 3 4 9 2 1 0 5 96*4 05*4 1 0 5 1 0 7 102*4 Sale 9 5 7s . . . . 1 0 5 6 s .. A 1 9 2 7 1 s t M a i' M o r g a n ’ s L a N e w 5 s . 1 9 2 6 g c o li g M o n o n g a h e la 1 st M -N 4 s .............................. 1 9 3 8 D iv G n a r a n t e e d P J - J 4 s . . 1 9 3 3 g o ld g o ld S a le A - 0 C 1 s t c o n s g 5 s . 1 9 5 3 O h io n e w M c M 5 s 1 9 3 1 4 s ...................... 1 9 4 5 1 s t e x t e n s io n O A - 0 4 s . . 1 9 2 9 g 1 s t g g o ld 105 J - J p r io r n e n M o r t g a g e M o h a w k F -A r e f g o ld G A J - J 5 s . . .1 9 3 8 g o ld A K 1 9 2 6 g 1 10534 A p r ’0 6 F-A 4 8 .1 9 3 8 L i s t g 5 s s t a m p g t d g U n ifie d A 4 s . 1 9 1 9 S g e n c o n g 5 s l 9 3 1 o o n V e r d i g 1 s t e x e x t e n d e d R i v 4 s ............. 1 9 4 5 R y o f M o G e n ' 1 0 6 * 4 1 0 9 7e 1 s t g u g 6 s . 1 9 4 2 o f T L e r o y A A 9 4 1 0 8 113*4 1 1 6 JVC-8 T 8 8 1 0 7 . . . . g o ld N a s h ’l y ’Oo F e b ’0 6 _____ 4 0 -y e a r Ni l e t 91*2 89*4 J ’n e ’ OO F -A l a s h 8 7 *o 8 5 1 0 8 6i K M -S M o m s *2 J 23 9 2*8 113*4 M a y ’0 6 g o l d 5 s .................................1 9 2 0 M o n t 86*8 3 5 8 5 1 03 *8 1 0 7 *0 9 5 R e g i s t e r e d .................................a l 9 1 7 A 1 1 0 4 9 9*8 1 0 3 1 1 2 S 1 s t coU M 3 4 A - 0 M -S L 3 2 8 6 *2 F -A s t a m p e d .o !9 1 7 8 t 1 0 0 * 8 4 s . . . 1 9 9 0 O k l a l s t g u A 9 7 *o 5 's ...l9 4 2 T r u s t g o ld M o b 9 7 9 7 1003* 102*4 J ’ n e ’ OO N o v ’OI 1 0 4 6*o M -N M o b J 9 0 *o g M -N M o b A . . . . 9 9 78 86*2 s s A - 0 4 s _____ 2 0 0 1 g 10 2 * 4 8 5 °8 3 d 7 8 ...............1 9 0 6 8 t L A p r ’0 6 9 7 100 ** S a le F -A 1 s t o o n s o l g o l d 6 8 ...................... 1 9 2 0 2 d 1 1 4 *o 11 g M is s o u r i P a c ific P a c 1 1 1 94*2 1 s t T A C e n t 3 1 1 3 9 4 *2 1 s t g u P a c S h e x S h A T e x 1 2 0 *8 E A A M L 18 O k C M 94*- 1 0 3 r e c t s ...................... 1 s t g u S a le J - J A M g 4 s ..............................2 0 0 4 s u b 1 s t W a K M o M 1 9 2 6 6 s ................................. 1 9 4 4 a f 4 t2s D a l g u 4 s .......................................... p i . 9 9 0 e x t g o ld G e n P 1 st . . . . 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M a r* 0 6 M -S J - J 3 s . . o l 9 3 9 M e x in t e r n a F i s t c o n M e x 9 8 A u g ’0 6 C e n t 5 s ............. 1 9 1 9 s t 110 9 5 3 s .a l 9 3 9 g 2 d c o n s o l in c o m e 1 0 8 •- • . 4 s . . 1 9 1 1 o o n s o l g o ld c o n s o l I n c o m e . . . . 9 -------- 1 9 0 S S ee N Y S ee M a E l J 'l y ’0 6 9 7 * 2 A u p ’0 6 L S g 1 0 8 *o 1 08*2 9 8 1 01 112* 2 1 0 4 *0 L 1 st Y * i V o ” . . . . 1 1 5 V 1 0 7 A - 0 A i 16 ’0 6 111 A - 0 A - 0 M o t r o p o l J ’l y ’0 6 120*o 120*o . . . . .... 1 0 8 1 0 9 ^ R e g i s t e r e d .................................1 9 9 0 M c K ’p t ’06 A u g ’0 6 9 7 *? F -A o o n s o l 4 s . 1 9 9 0 a n h a t t a n R y O c t 1 0 7 ** 1 0 7 * 4 9 8 9 6 J . J F -A 4 s . . 1 9 4 5 S 108*2 J a n F -A U See C o a l 1 1 6 M -S .. 1 9 2 1 g C 74 iio ‘* 97*2 .................1 9 1 0 g u ^ J - J A u g ’0 6 . . . . 1 2 0 * - M u r * l )6 _____ 1 1 7 d . . 1 9 3 6 g 6s g o ld 6s 6s g g u B d g o C o A 945 l J o in t 4 s . 195*2 A t l 1 s t g u N S in k M S 4 a .. 1 9 8 7 4 *2 a I s t g .t - M -S B d g e l s t s U d s . 1 9 3 1 128 130 122*4 122*4 1 0 7 *4 7 9 H ig h , M a r ’0 5 M -N g o ld c o ld K a n ye S in c e J a n u a ry 1 H ig h N o L o w 1 0 9 105*4 0 s 4 *2 8 . . . 1 9 3 1 g o ld 3 d A 9k lxrto B id —( C o n tin u ed ) N a a h v L e x ■5 <s 17 u g u s t W eek 's R an ge or L ast S a le K rtce F r id a y A te n e t 1 7 367 3 97 *2 A u g ’06 83 J’l y ’06 97*2 102 85 97*2 105 i 87 102*4 .... 107 C O ci »«)4 * 8 > 1 0 2 A p r ’06 . . . .1j10 2 ® I 0 2 r 102 ..... 77 B O N D S — C o n t l n n e d 83*2 226: 73 74*4 77 1 0 7 ^ Dec ’ 1' • 107 May’97 102-*2Oct ’l»3 .. . . 105 105*2 Oct ’05 — 105 Oct *00 101 ‘c 6 J 97 97 *v . 97*2 97 *2 109 109 J’ ne*06 1 10*2 I 106 108 106*4 J ’ ly 06 106U 111 102 D e c '03 10.8 »v i i m 1 lo o 103 *2 Feb ’06 98 Sah* 98 98 1*8 *2 91 Sale bid and askcxL a D u e J a n b D ue Feb c b a « k u o n N e x t P a g o T e le g r a p h on<l T e le p h o n e Am Telep A T elcoU tr 4s 1929 Comm Cable Co 1st g 4 s . . 2397 M et T A T 1st s f g o s ........ 1918 N V A N J Tel gen g 5 8 ..1 9 2 0 W est Union col tr cur 5 8 .1 9 3 8 HI and real eat g 4 * 8 ...1 9 5 0 2 M o t Un Tel « fund 6s . . 1911 N orthw T e l gu I 4 *28 g . . 1934 J - J 9 1 3 s ................ Q .J 90-% J ’l y ’0 6 90-*b — | 9 6 *2 96*2 J T ie ’0 6 M-N M-N 1 0 9 *2 M 95*4 9 8 a y ’OO 1 0 6 * 4 J ’Jy ’ 0 3 J -J 1 0 6 * 2 ' ................ 1 0 5 M-N M-N 1 02 *2 1 03 *2 1 0 3 1 0 1 * 4 ................ 1 0 6 J -J *2 *2 A *2 M 1 03 J 1 05 *2 2 I l 0 6 *4 1 0 9 * 2 (1 0 2 a i '0 6 1 0 5 11 0 6 *2 ' u g ’0 0 1 0 7 Jy ’ 0 4 iln n n ln e tu r in g 6 c In d u stria l A m Cot Oil ex t 4 *^s............1915 Q - F A lii H ide A L 1st s f g\itt!*1919 M-S Am er Ice Secur deb gC n .. 1926 A m Spirits Mf gl f t i g 6 H ..1 9 1 6 A m Thread 1 st ool tr 4 a ... 1919 A rn Tobacco 4 0-yr g 60 1914 4 '' ......................................... .. g D u e Apr A h a e J i y /e b u e Aug 0 4 S a le 9 0*2 S a le A - 0 9 0 *a S a l e M 9 7 S J-J AO FA 9 4 91 9 0 1 0 2 54 1 03 8 9 * 2 ................ 1 1 2 * 2 ?*a ;e 1 12 7 7 S a le 2 91 9 0*2 8 8 7« 9 0 7 7 J ’ly *2 ’0 6 77 9 8 1 0 0 ** 9 9 9 3 *2 104 291 . . . .1 8 8 A u g ’0 6 1 1 2 * :] 9 4 9 0 7 0 Loo| *2 1 1 0 7 7 Due Oct p D oe N ov q Due Deo t Option 91 \ 1 1 7 »2 8 4 New York Bond Record—Concluded— Page 368 jrVO L. L X X X I I I . 4 < e k k P e n n S u n U B a l & 1 s t do P e o do P e c g a n g e n 0 £ C S t 1 s t g 6s * ______ 1 9 2 1 U n F l i n t < f c P M W 6s g H u r o n do 1 s t g c o n s C in r e g do S t L F t P it t s J u n c P it t s E r ie 2 d M o K e e s P it t s S h & L E P it t s e a d r n g X V C o g e n ......... 116% M a r ’ 06 137 N o v ’ 97 c o n C e iR n g P do do R i c h Y M R i o Q r W R i o G r J u n o R i o g r S o 1 s t g u 1 s t g o ld 115 119*2 do R o c li do 99 7 Sale g .......... 99 R u t l a n d 1 s t c o n O g ife L C h a m R u t -Q a n a d a g T St L & L do S t S t S t L M e m 12 0 M a r ’ 06 J ’ l y ’ 97 98 12 0 118 H A la S ee do 2 d 9 9 % 102% 99% 100% 97% 101% E T V d ir o n 6s ...... 75 S ee B r f i t L M do & Oh S ee M P M o u n t & *93 S ee N S ee T R R 6s A o f G e n e r a l g o ld 6s ..................... . . 1 9 3 1 5 s .............................. 1 9 3 1 do S F c o n s g 4 s . . ,9 6 1 s t g 5 s .. 1 9 4 7 A - R R D i v g 5 -y e a r n o t e s K C K F t C g o ld S X C i f c M S t L o u is S W 2 d g 4 s 4 % . . 1 9 0 8 c o n R y R & B 6s g r e f g 4 s I llin o is 83*2 S ale J- 1 9 4 7 6s . . . 1 9 0 9 ........................ 1 9 3 3 R e g i s t e r e d ........................................1 9 3 3 R e d u c e d t o g o ld 4 % s .. 1 9 3 3 R e g i s t e r e d ................................. 1 9 3 3 e x t 6s g o ld N o r 1 s t d iv ................ 1 9 1 0 D i v M i n n 5 s .. 1 9 0 8 6s 1 s t g 1 s t g u 6s g & W ill S t P & F N o r do S S t P S 1 s t P a c ’x C i t y S F e S A & P r e s ;& S F & N F & S a v A S c io t o .................1 9 3 7 do N A i r L in e r e f u n d A U - B i r m g do C e n 1 s t la n d g r G a do C a r A l a do R o a 8o 5 s . ..1 9 3 0 o1945 5 s 1 9 2 9 1 s t 5 s ........................... 1 9 2 6 110 C o — R R 1 s t r e f R e g i s t e r e d do N 1 s t g u C e n t P a c g 1 s t r e f g 4 s 1 9 4 9 R e g i s t e r e d ........................................1 9 4 9 M o r t g u a r g o ld 3 % T h r o u g h ’ S ! 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K K P e n s a c o la 2 u W tfc L e w i s N 1 7 u g u s t (C o n tin u e d ) R R — P h ila A e n d i n g BONDS R ange Sinze J an u ary 1 0 c C W E X C H A N f t K P Y '. S T O C K Weetc's R ange or Last Sate » — c N . P rice FYiday A u g u st 7 7 00 BOND* 4 ^ s W a t C o 5 -2 0 c o n W a t W o r k s & R e t 1 s t s * P u e M a y g y e a r .. 1 9 1 7 6s . . 1 s t 6s. f g 6s . g D u e J -D 1 9 2 3 J - J 1 9 0 6 M -S 1931 _____ J ’n e . . . . . . _______ _ A D u e _ J ’l y p D u e 112 J ’ ly ’ 04 113% J ’ l y ’ 00 98% 99 N o r "3 s O pL ten . S a le 95 103 CHICAGO STOCK EXCHANGE—Stock Record—Daily, Weekly and Yearly S T O C R 8— H IG H E S T A N D L O W E S T S A L K N R JCSS H on d a u A u g . 13 seU u rd a y A u g . 11 ► 160 * 1 6 0 1 8 5 6 4 1 8 5 *6 6 6 4 * 1 9 24 W ed n esd a y A u g . 15 T u esd a y A u g . 14 * 1 6 0 1 6 0 1 8 5 5 7s * 1 9 4 6 4 * 4 % 4 6 4 6 1 2 0 4 4 6 4 4 6 4 • 4 4 5 4 4 6 4 • 4 ^ • 1 4 4 1 5 4 * 1 5 4 1 5 34 * ................ 5 6 * 5 7 6 S * 5 7 * 8 8 • 27 8 8 4 SO ♦ 88 8 8 4 * 2 8 3 0 ♦ 23 • 6 7 7 0 * 6 8 7 0 * 6 8 • 35 4 0 • 35 4 0 * 2 4 2 5 * 2 4 2 6 * 6 4 6 7 * 6 4 6 6 ................ 9 8 * 9 6 4 * 2 8 2 8 4 * 2 8 * 1 9 • 9 8 4 6 4 4 4 5 4 * 1 9 2 3 4 7 3 0 4 8 5 10 5 6 8 3 8 8 Last *gs 2 8 2 8 * 2 8 7 0 * 6 7 7 0 * 3 5 4 0 * 8 5 4 0 '2 4 2 5 4 * 2 4 2 5 4 * 6 3 66 * 6 3 6 6 9 7 4 ’ 9 6 9 7 4 9 6 9 7 2 8 4 *i> 8 2 8 4 * 2 8 9 9 * 9 8 1 0 0 9 8 1 0 0 '9 8 2 9 4 3 0 * 5 5 4 3 0 * 2 9 3 0 ♦ 25 3 0 * 2 9 8 8 8 5 8 4 5 8 % 5 8 8 8 4 8 8 4 K n ilr o a d * C h ic C ity R y ...............100 O hio 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H 1 8 5 * 6 6 4 2 3 T hu rsd ay A u g . 16 S a les o f th e W eek Shares STOCKS C H IC A G O S T O C K KXCHANGK 56 600 4 4 1 86 5 35 R a n g e to r T rev io a s Y ear Y ea r(1905) I a) w est H ig h est M a rlO 20 0 Jan 6 180 6% A u g 6 7 * J a n 17 4 20 A u g l 1 283# J a n 2 3 9 34 J ’ ly 13 69 M ay 17 4 J ’ ly 1 2 13% F ob 20 12% M ay 18 40% M a r 12 54 % J a n 2 68 % F e b y 87 7e J ’ ly 7 9 3 % F e b 8 M a r 3 1 30 J ’ n e 8 26 A p r 30 7 2 % Jan 13 M a r 14 85 25 M ar 12 2 3 % J ’ ly 24 2 8 4 F e b 23 60 M a y 2 3 68 % M ar 1 8 9 % A p r 30 9 9 J ’ n e 9 27 M a y ] 8 30% M a r 2 J a n 26 102 J ’ n e 15 98 23 A p r 10 60 F e b l 9 H ig h est Jan 206 4 J ’ ly 16 J ’ ly 40 O ct 6 % J ’ nt 26 J ’ ly 30 Jan 82 % J a n 20 66 J a n 59 4 J a n 55 J ’ly 21 May M a r 00 90 4 Muy 27 A u g 96 D e c 40 J ’ ne O ct 734 J a n D eo 28 87a A u g .i 1 3 4 Feb 61 F eb 60 S e p 93 .4 S e p 28 4 O c t 734 S e p 99 F eb 26 D e c 68 O ot 100 A u g S ep 30 1034 M a r 72 Feb M iscella n eou s 7 7s 5 9 5 9 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'4 9 983b * 9 7 4 1 0 4 % 9 8 % 58 175 4 u d 1 0 3 4 9 8 4 8 .3 M a y ’0 6 16 M a r ’0 6 1 J ’l y ’0 6 6*S 138 A p r V 6 A u g ’0 6 * 5 1 52 * 1 1 8 121 * 1 0 9 12534 N o v ’ 05 F e b ’0 0 J ’n e ’0 4 D e c ’04 A u g ’ OO *« 21 68 11 * 8 5 no s a i t Oj4 S a l e 92 S S a l e 5u * 1 3u 1 3 5 1 3 5 1 3 5 '1 3 3 1 3 5 * 1 3 3 * Lu3 1 0 4 '1 0 3 1 0 4 * 1 0 3 1 0 4 1 0 3 3 3 4 9 4 1 78 114 3 3 4 1 % 3 3 4 8 4 1 1 % 3 3 4 8 78 8 4 1 34 1 1 % 1 4 1 1 4 ♦31 1 % 1 1 % * 3 l I 7* 11*4 3 3 s 1 34 11% 3 3 L a s t S a l e o '8 L a s t 'Sale 36 ‘tj L a s t S a l e 29\ 8 a4 8»4 L a s t S a l e 15 % 8 78 J ’l y ’ 0 6 6S34 1 1 7 88 119 M a y ’0 6 J ’l y ’0 6 A u g ’0 6 i ’ 334 0 1 0 4 34 1 % J ’l y ’ 0 6 9 8 % 1 3 5 1 1 % 110 120% A u g ’0 6 120S 1 0 3 34 1 0 4 1 0 4 40 J ’l y ’0 6 S a l e 47 S a l e I 78 1 1 6 % o2 1 0 7 S J ’l y ’0 6 S a l e 80 S a l e 17 Sale y 68% 59 S 121 A u g ’0 6 3 9 Last S a l e • 6 7 4 8 A u g ’0 6 % 47 Last Salt 3 l\ .................................... ........................... 1 0 8 Last *38 Last Last Last 5 8 *1 •0 * 1 1 8 salt sale Last S a l e Last Sale 14 ljUSt S a l e 6 4 Last Sale 1 4 0 5 2 *51 *118 1 2 0 1 3 0 1 0 9 34 10934 1 0 9 4 125 1 2 5 4 1 2 5 Last Sale 4 7 4 • 6 6 5 8 121 *1U 7 8 0 *1 1 3 7 4 * 110 4 112 * 1 1 0 4 1 1 2 5 9 S L a s t S a l e 131 aj6134 6 1 34 * 6 1 1 0 7 * 3 7 4 3 0 3 8 1 0 7 1 0 7 4 1 0 7 4 * 2 9 3 0 3 8 4 * 2 9 6 5 5 9 % *1 18 1 2 0 * 1 2 8 4 1 3 0 6 5 4 8 5 9 % 5 9 4 * 1 1 8 1 2 0 1 3 0 6 5 4 5 9 8 4 L a s t S a l e <S5% Last Sale 7 % 135 104 1 78 11 s 34 T rice T riday A u g . 17 1*8*4 115 25 345 364 6 J ’ne28 J ’ ly 13 F eb 9 1 1 5 M ay 1 1 1 3 0 J a n 13 5 4 J a n 11 104 L7 F e b 28 J a n 23 3 6 J a n 25 1 0 8 55 M ay 2 6 1683s M ay 18 16 F e b 13 1 M ar 6 6*4 Mar-23 136 J ’ly 31 M ay 2 49 A pr 2 7 lu l 103 M ay 3 118 J ’ n e 6 44 J ’ n e2 6 51 7 9 7s F e b 23 1,105 344 24 25 90 43 9 25 145 93 0 1,305 250 650 200 1 1 78 J a n 20 72 J a n 25 129 M ay 2 9 136 J a n 17 6 6 % J T y 24 1 0934 A p r 4 29 A u g 1 40 F eb 6 113 % J ’ n e 2 64 F ob 6 175 M ay 31 1 6 % F e b 23 1 M ar 6 7 J a n 16 165 F e b 15 63 F e b 9 139 J a n 15 118 J a n 9 147 F eb 7 7 l y4 J a n 23 80 834 D e c 60 76 125 38 98 4 14 4 A p r Jan 73 4 A p r Jan 110 D e o F e b 134 D e c 5 9 3 S ep 4 Jan Jan 106 4 M a r 35 O ct 105 M ar 5 0 J’ ly 1 4 8 4 F eb 10 Jan y4 J ’ ue 6 J ’ ne 153 Jan 32 J a n 125 MayOS A tir h'/ 134 4 F e,b 55 J ’ ne 11 F e b 63 F e b F e b 28 40 J a n 112 Aug 70 150 10 1 7 172 58 4 143 4 118 145 67 42 75 O o t M a r J a n Jen J a n F eb D eo F eb D eo Aug N ov N ov O c t 4 6 M ay 2 2 47 % J a n 31 4 4 4 M ar 48 4 A u g 1*\ M a y 29 2 Jan 2 4 O et 2 % F eb 3 23 O ct 2 1 J ’ n e29 23 M a r 19 S ep 5 2 3 A u g 6 7 34 D e c 4 62 M ay 2 71 F e b 11034 A u g 120 4 M ar 1 1 3 % J a n 4 118 H F e b 2 41 Jan 78 J a n 5 95 M a r 80 4 D e c 110 Jan 120 J ’ n e 115 F e b 21 1 2 2 % M a r 5 34 M ay 5 A pi 9 9 % M ay 1 1 0 34 A p r 8 8 % J’l y 10 93 Si M a y i7 5 0 A u g 2 50 A u g 2 i 98 A u g 2 9 8 H A u g 2 D e c 11 4 J a n 1 0 l L J a n 17 109 % M a r 12 101 4 115 M ay 16 152 Si J a n 5 46 J a n 165 D e c 101 M ay 8 10 6 34 F e b 15 86 4 J an 109 4 N o v i % J ’iy 2 :i4 J a n 12 l % J ’ n e28 2 4 A pr 8 A u g 16 D e o 8% J ’ U62tt 17% J a n 20 23 F e b 41 A u g M ar27 29 H J ’ly 23 42 i 5 34 M a r 7 36 % M a r 7 2 9 3 j ’ n e lb 4 7^4 J ’ly 14 1 4 1 M a r 't 4 3 % J T y 26 85% F e b 23 6 F e b 24 634 F e b 26 36 H M ar 7 i 4434 F e b 2 6 14 *4 M a r 29 1534 F e b 26 4% J T y 16 3 5 % F e b 23 7 % J ’ n e 16 Chicago Banks and Trust Companies W eek ’ s R a n g e or L a st S a le A 8k L ow 320 39 M in in g M a r ’00 A d v e n tu r e C o n .......... 25 M a r’ 06 A l l o u e z ........................... 25 50 J ’ n e ’ O b B m g lia m C o n M in in g B iack: M o u n t a i n . . . . .......... J ’ n e ’ 06 D a i y - W e s t ..................... 20 H u b b a r d - E l l i o t t ................ F e b ’ 06 N o B u t t e ......................... 15 J ’ u e ’ 06 S h a n n o n ........................ 10 Chicago Bond Record B O M J» C H IC A G O S T O C K E X C H ’ G E W k k k E n d in g AUG. 17 9 60 1,400 150 A m e r ic a n C a n ...............100 D o p r e f . . . . —___ 100 A rner R a d ia to r.......... 100 Do p r e f ............... 100 A m e r S h ip b ld g ............ 100 Do p r e f............... 100 A m e r S tr a w B o a r d .......... B o o th (A ) & C o ..........100 Do p r e f ............... 100 Cal & C lu e C a n a l k DlOO C e n tra l T r u s t B a n k .. 100 C h ic a g o A u d it o r iu m ........ C lu e B r e w ’ g<fe M a lt ’ g ___ D o p r e f ......................... C h ic E d i s o n .................. 100 C lu e P n e u m a t ic T o o l. 100 C lu e T e l e p h o n e .......... 100 C lu e T it le k T r u s t . . . 100 D ia m o n d M a t c h .......... 100 I llin o is B r ic k ...............100 K n ic k e r b o c k e r I c e . . . 100 D o p r e t .................. 100 L o n d o n k C h ic C o n t r ___ M a n u fa c tu r e r s ’ F u e l ........ M a so n ic T e m p l e ................ Mii<fc C lu e B i w ’ g ............ D o p r e f ......................... N a tio n a l B is c u it ......... 1 00 D o p r e f ................. 100 N a tio n a l C a r b o n ......... 100 D o p r e f ................. 100 P a g e W o W ir e F e n c e ___ P e o p le ’ s G as L & C ’ k e l o o S e a rs R o e b u c k c o m . 100 uu p r e t ................. 100 S w ift & C o .................... 100 The (Quaker o a t s C o . 100 Do p r e f .................100 U n it’d B o x Bd<fc P C olO O Do p r e f ................. 100 W e s te r n S t o n e .............100 ?•-2 •8 -o R ange S in c e J an u ary 1 Jri ig h N o. L ow NAME Outstand S u rp lu s & ing In Hr 0 fits f 1904 Stock\ Dividend In 1905 Record Per iod L a st R a id % q - j JT y ’ 00, 2 B a n k e rs N a t i o n a l ........ $ 2 ,0 0 0 ,0 9 0 $1,144,58-1 8 8 C a lu m e t N a t io n a l.......... 1 0 0 ,0 0 0 3 8 ,4 5 4 N o n e J -J JTy ’ 0 6 , 5 99 4 l b 0 34 C h ic a g o C it y ................... lo A m e r S t r a w b o a r d 1 s t 6 s .. i 9 11 J - J 5 0 0 ,0 0 0 J -J JTy ’06, 5 1 2 0 ,1 4 6 8 + 5 99 '8 . . . .. 99 7&M a y ’ U6 102 4 103 4 C h ic a g o S a v in g s . C a s s A v e k F U (S t L ) 5 3 .1 9 1 2 J - J 102 4 M ay’06 k 5 0 0 ,0 0 0 k 7 4 ,0 3 4 LOl 101 C h ic B o a r u o f T r a d e ...1 9 2 7 J -D | C o m m e rcia l N a t io n a l.. fc2 ,000,000 1 ,9 4 5 ,^ 1 6 12 12 Q -J JT y ’0 6 , 3 1 0 1 4 101 M a r ’ Oo 103 A p r ’ o4 C l u e C o n s o l B r k M i t 6 s ................... J - J C o n tin e n ta l N a t io n a l.. 4 ,0 0 0 ,0 0 0 2 ,1 8 2 ,3 2 8 8 8 q-J J T y ’ 0 6 , 2 55 55 55 J ’ n e ’ 06 C o o k C o S ta te S a v in g s 3,250 5 0 ,0 0 0 6 q-J F ly ’ 06, 1 ^ C l u e C o n s o l T r a c 4 4 ^ .............. 1 9 3 9 J - D 6 55 L04 104 104 J a n ’ 06 12 C h i c E d i s o n d e b e n t 6 s _____ 1 9 1 3 J -J C o rn E x c lia u g e N a t .. . 12 q-J J T y ’ 0 6 . 3 3 ,0 0 0 ,0 0 0 4 ,0 4 1 ,2 5 4 102 10334 D r e x e l S t a t e ................... 1 s t g o l d o s ...................................... / i l 9 2 6 A - 0 2 0 0 ,0 0 0 24,20'z 6 6 102 102 A u g ’ 06 q-J JT y ’ 0 6 . 1 ^ 9 6 34 9 6 34 D r o v e r s D e p N a tio n a l 9 b 34 j an ’ 06 3 0 2 ,4 2 1 Q -J JT y ’0 6 , 2 C lu e A u d it o r iu m 1 s t 5 s . .. 1 9 2 9 F - A 6 0 0 ,0 0 0 8 8 100 . E n g le w o o d S t a t e ......... C h i c D o c k C o 1 s t 4 8 .................... 1 9 2 9 A - 0 2 7 ,7 4 0 2 0 0 ,0 0 0 98 J ’ ly ’ 0 6 , 1H» 87 87 C h i c N o s h o r e E l e c 6 s _____ 1 9 1 2 A - 0 F e d e ra l N a t io n a l.......... 8 7 * ’ Feb*’0*6 5 0 0 ,0 0 0 6 4 ,8 2 5 B e g a n b u sin ess O ct 16, 1905 F ir s t N a t io n a l............... 8 ,0 0 0 ,0 0 0 6 ,4 5 4 ,8 2 0 C h i c A M U E l e c R y 5 s _____ 1 9 1 9 J - J 12 1112 Q-J J T y ’0 6 . 3 lb 80 90 C h ic P n e u m T o o l 1 s t o s .a l 9 2 1 J -J Q -J J T y ’0 6 , 2 H F ir s t N a t E n g l e w o o d .. 10 i 1 0 0 ,0 0 0 1 2 6 ,6 0 6 6 + 4 82 82 4 02 4 »*4 C h i c R o c k I k P a c R R 4 s . 2 0 0 2 M -N F o re m a n B r o s B ’k ’ g Co 79 N o v ’04 . . . . 5 0 0 ,0 0 0 6 4 1 ,8 9 8 P n v a te Ba uJc C o l l & t T r u s t g 5 s ....................... 1 9 1 3 M S 1-ort D e a r b o r n N a t ___ 1 ,0 0 0 ,0 0 0 80 A p r ’ 0 4 -----3 0 0 ,7 5 1 6 Q -J J ’ ly ’ 0 6 , IH j 6 C o m m o n w e a lt h E le c t 5 8 .6 1 9 4 3 M s 5 0 0 .0 0 0 1 6 8 ,0 7 4 103 1 0 3 4 1 0 3 4 J T y ’ 0 6 . . . . 103 105 4 H a m ilto n N a t i o n a l .. 90 95 I l l i n o i s T u n n e l 5 s ......................1 9 2 8 J H ib e r n ia n B ’k ’ g A s s ’ n 1 ,0 0 0 ,0 0 0 1 ,1 2 0 ,3 5 3 9U 914 16 8 J - J JTy ’ 6 £ 4 D $'.*14 S a it 8 K a n s C it y R y k L t C o 5 s. 1 9 1 3 M N 9 8 4 1 0 0 4 K a sp a r s t a t e B a n k ___ 7 0 ,5 2 5 2 0 0 .0 0 0 9 8 30 99 I 4 OS^e S ale yy 99 100 K n i c k e r b ’c k e r I c e 1 s t 5 s . 1 9 2 8 A 9 9 * 5 J T y ’ 0 6 1. . . . M ilw a u k e e A v e s t a t e . 3 0 0 ,3 8 9 S u sp e n d e d A u g 6, 1906. 2 5 0 ,0 0 0 O i & i c S t r e e t E l 1 s t 5 s ............. 1 9 2 8 ; J M o n ro e N a t io n a l.......... 95 4 100 17,297 2 0 0 ,0 0 0 95 4 95 4 9 5 4 95 4 Q-11 A u g ’ 0 6 , 1 J I n c o m e 5 s .............................................1 9 2 5 F eb M u tu a l B a n k . 16 M a y ’05 6 8 ,9 6 3 B o g a n bu s in ess O ct 2. 1905 2 5 0 ,0 0 0 N a t B a n k o f R e p u b lic . 2 ,0 0 0 ,0 0 0 1,0 6 2 ,2 7 2 H e t r W S id e E l 1 s t 4 s . ...1 9 3 8 F A 9 1 4 95 92 4 S ale 6 i 6 92 4 92 4 Q -J J ’ ly ’06, 1 H 89 E x t e n s i o n g 4 s ..............................1 9 3 8 J - J N a tio n a l L iv e S t o c k .. 86 86 A u g ’ Ob 1 ,0 0 0 ,0 0 0 1 ,3 1 0 ,8 3 1 1 2 + 3 1 2 + 3 Q -J JTy ’0 6 , 3 86 87 9U f c o r i i i C h i c S t 1 s t 5 s ................ 1 9 0 9 90 N o r th S id e S ta te S a v .. 90 F e b ’ OO 5 .744 5 0 ,0 0 0 Q-J J ’ ly ’0 6 , 1 H J -J 6 6 i 1 s t 5 s ............................................................ 1 9 1 6 J - J j O ak la n d N a t io n a l.. 2 7 ,3 5 8 J - J J ’ ly ’0 6 , 3 1 0 0 ,0 0 0 6 6 ... 79 R e f u n d i n g g 4 4 s ................... 1 9 3 1 P ra irie N a t io n a l... 1 j A u g ’ O O ___ 79 6 4 ,1 6 2 85 2 5 0 .0 0 0 A -0 . . . N o C h i c C i t y R y 4 4 s . . . 1 9 2 7 M -N .$ . . . 80 92 4 P ra irie S t a t e ............ 9 5 ,7 5 5 Q-J J T y ’ 0 6 , 2 2 5 0 .0 0 0 8 0 J ’l y 'u b 85 1f38 8 N o r t h W e a t ’ n E l 1 s t 4 s . . . 1 9 1 1 M-S 9 0 4 9 4 4 P u llm a n L o a n & S a v .. 9 0 34 91 2 1 0 ,0 3 2 Q -J J T y ’0 0 . 2 3 0 0 ,0 0 0 8 91 S a le 8 O g d e n G a s 5 b .................................... 1 9 4 5 106 4 lta iiw a y E x c h a n g e .. 89 94 94 3 4 M -N 3 5 0 ,0 0 0 B e g a n b u s in ess J u ly 3, 1906 94 4 Sale E e a r a o n a - T a f t 5 s ............................1 9 1 6 6 2 ,9 7 1 J -D I 0 0 4 . 100 4 100 4 S o u th C h ic a g o S a v in g s 4 Q -J J T y ’0 6 , 1 *4 2 0 0 ,0 0 0 5 100 4 M a r ’ 06 4 *4 U s.............................................. M-S Q -J J ’ iy ’0 6 , 2 99 4 99 4 M a te B a n k o f C h ic a g o , 1 ,0 0 0 ,0 0 0 9 9 34 J l y ’ 06 . . . . 8 8 0 1 ,6 6 7 0 9 9 4 ........ 4 * 6 0 s S e r i e s K .............................................. M - N s t o c k Y ard s S a v in g s .. 9 9 34 ........ LOO 2 5 0 .0 0 0 100 I 6 9 9 34 100 N one 136,492 4 8 0 s S e n e s F .............................................. M - N U n io n B a n k o f C h ic a g o 2 0 0 .0 0 0 3 0 ,8 5 9 B egan M ay 1, 190 5. 100 ........ 100 A p r ’ 0 6 1___ 1 0 0 luO P e o p le s G a s L k C 1 st 6 8 .1 9 4 3 A - 0 U n ion S lo c k Y d s Stare 120 A p r ’ 0 6 ! . . . . 120 120 3 4 ,3 9 0 i 2 0 0 .0 0 0 N o n e Q -J J T y ’ 06, 1 H R e f u n d i n g g 5 s .........................1 9 4 7 M - S Q-J J T y ’0 0 . 2 1 0 l 7feJ T y ’ 06 . . . . l o l 7e 105 ‘a A m e r T r u s t k S a v g s .. 3 ,0 0 0 ,0 0 0 2 ,3 4 y ,5 2 7 ..........103 7 8 C lu e G a s L l k C 1 s t 5 s . . 1 9 3 7 J - J ......... 1 0 5 34 106 J ’ ly ’ 0 6 '----- 106 108 C en tra l T r u s t C o o f III 2 ,0 0 0 ,0 0 0 9 1 5 ,1 2 3 4 5 ^2 Q-J J T y '0 6 , 1% C o n s u m e r s ’ G a s 1 s t 6 a . . 1 9 3 c J -D 5 4 4 ,6 4 8 6 0 0 ,0 0 0 5 + 5 Q-J JT y ’0 6 , 2*9 ......... 107 4 104 J T ie’ OS;___ 104 1 0 5 4 C o lo n ia l T r u s t k S a v .. 5 M u t u a l F u e l G a s 1 s t 5 s .l9 4 7 'M - N D r o v e r s T r u s t & S a v .. i 7 7 ,2 5 3 6 103 4 F e b ’ n O ___ 1 0 3 4 2 0 0 ,0 0 0 6 Q -J J T y ’00, 1 H 8 o u l k S i d e E l e v 4 4 s ................1 9 2 4 ' J • J 102 102 | i 102 105 * F irst T r u s t k S a v in g s 1 ,0 0 0 ,0 0 0 1 ,2 7 8 ,8 8 9 lO i 4 1 0 i b w d l k C o 1 s t g 5 s ................... 1 9 1 4 J - J 10I34 IU2 4 102 4 IO 2 4 I 1 1 0 1 4 103 4 Illin o is T r u s t k S a v .. k l ,0 0 0 0 0 0 7 ,0 7 0 ,6 1 0 1 2 + 4 12 + 4 I J ’ly ’0 6 , 3 I U n i o n E l ( L o o p ) 6 s ...................1 9 4 5 A O 24,941 B e g a n J a n 3, 190 5 1 0 1 4 105 4 K e n w o o d T r k S a v in g s ’ 2 0 0 .0 0 0 9 8 4 1 0 1 4 102 4 JT l y ’ 0 6 . U n i o n P a c i f i c a o u v 4 s _____ 1 9 1 F M - N L iv e S tk T r k S a v Bk 5,382 in c u r p o ra te d M arch , 1905 2 0 0 ,0 0 0 114 N o v ’ 04 U n it e d B o x B o a r d 6 s ............................ j ______ 69 M e r c h a n ts ’ L ’ n & T r C o 3 ,0 0 0 ,0 0 0 3,8 9 9 ,1 7 7 65 69 A u g ’ OO 12 12 Q-J JT y ’00, 3 101 ^ e e l C h i c S t 1 s t 5 a ................... 1 9 2 8 M - N M e tr o p o lita n T r k S av 80 318,901 J ’ i y ’ U^ 7 5 0 ,0 0 0 6 0 J -J JT y ’0 0 , 3 92 4 92 T u n n e l I n t i s ..................................1 9 0 9 F -A N o r th e r n T r u s t C o Bk 1 ,6 0 0 ,0 0 0 1,0 6 2 ,7 5 4 Q -J ' JTy ’0 0 , 2 08 4 S e p ’ 05 . 8 8 ... J •m m •m m m% 80 e b e n t 0 e ...........................................1 9 1 4 J -D P e o p le s T r u s t k S a v 00 72 J T y ’ ()•;. 2 0 0 ,0 0 0 4 4 ,9 3 0 60 ____ V 844 F A F eb *06, 3 R o y a l T r u s t Co 55 g ........................................1 9 3 6 M - N 6 4 9 1,040 5 0 0 ,0 0 0 6 70 J ’ n e ’ 06 . ........ 7u . fv e e t D iv C ity R y 4 4 a " l 9 3 2 J 7 4 9 ,3 6 7 1 ,0 0 0 ,0 0 0 89 4 95 4 U n ion T r u s t C o . . 90 4 M a y ’0 6 . ........ 90 M ’ r n S t o n e C o 5 e ............. 1 9 0 9 A 1 ,0 0 0 ,0 0 0 204.601 9 6 4 Jan ’06 . 9 6 4 9 6 H W ©atern T r u s t * S a v 6 6 Q -J J Ty ’ 06, 2*9 O W S id e T r k S a v Bk 6,693 B e g a n b a sin ess Sep 5, 1905 2 0 0 ,0 0 0 ^ ote.—A ccrued in tercet mas t be added to a ll' C h ic a g o b o nd p r ic e s. W o o d Lawn T r A B a v B k 2 0 0 ,0 0 0 2 1 ,1 3 9 1 -------- 1Q - j [ J ’ ly ’ 00, 1H* B id A m e r 1 B is c a it 6 s ............................ 1 9 1 0 High F -A i D i v i d e n d s a r e p a i d (4 .J . w ith e x t r a p a y m e n t* Q -F . V I n c lu d e - s p e c i a J d i v i d t J a n e 1 b, '00 fo r N a t io n a l B a n k s and J u n e 19, ’ 06 fo r S ta te institutions. * R id and a sk ed p r i c e - ; n o sa les w e r e o n Uin* d a y . f N o p r ic e F rid a y ; tLfuaJaJM . M n m J v U j, M maA mwcftuM ' e n d o f 3 0 % d e c la r e d p r ic e Wilt A u g . 1 0 , 1 0 0 4 . BOSTON STOCK EXCH4.ME— Stock Record, Daily, Weekly and Yearly S h a r e P rice # —N tt P e r C entum P r ic e s sa'u< ■lay A ug 11 934 -1 0 0 4 *247 4 *149 *237 1 98 *1(37 Monday Aug. 13 1‘uesday Aug. 14 Wednesday Aug. 15 Thursday Aug. 16 Friday A ug. 17 STOCKS BOSTON STOCK EXCHANGE R a ilr o a d # 95% 97 A tch Top <fc, Santa E e l00 1004 A u g ’06 X)o p re f................ 100 247 247 Boston 3o A lb a n y ___ 100 14 9 4 149 4 Boston E leva ted .___ 100 Boston < L o w e ll........100 fc 168 168 Boston < M ain e........100 fc Do p re f................ 100 3 0 6 ^ A u g’ 06 Boston < P roviden ce 100 fc *32 33 B oston& W or E lec C o___ 81% 83% Do p r e f...................... 1584 A u g ’06 Cldc J u n c B y U 8 Y100 *......... 120 Do p re f................ 100 188 A u g ’ 06 Con < M ont Class 4 .. 100 fc 160 A u g ’06 Conn < Pass R iv p ref 100 fc 2 9 7 4 A p r ’06 C onnecticut R iv e r ...1 0 0 138 138 F itchburg p re f...........100 102 J ’l y '06 Ga R y & E le ctric.. ..1 0 0 92 4 A u g ’06 Do p r e f ................ TOO 198 J ’ne’06 Maine Central............ 100 20 20 Mass E le ctric C os___100 71 71 Do p re f................ 100 22 4 May’06 M exican C entral....... 100 195 195 N Y N H & H a r t ....1 0 0 *......... 160 N orthern N H .......... 100 228 A u g’00 N orw ich & W or pref 100 200% 2 004 Old C olon y.................. 100 101 O c t ’05 Pere M arquette.........100 *59 70 D o p r e f . .. ,..........100 54 A u g ’06 Rutland p re f...............100 84 84 Seattle E le ctric..........100 102 A u g ’06 D o p r e f................ 100 165 180 U nion P a cific............. 100 •« Do p re f................ 100 175 A u g ’08 V erm ont & M ass___100 964 964 109% 110 Do p re f.............. 50 25% May’ 06 W isconsin C en tra l... 100 60 " O e t ’ 05 Do p re f.............. 100 150 A p r ’06 W oicN ash «fe R o ch .,1 0 0 M is c e lla n e o u s 2 5 4 254 Amer A g r ic o l Chem.iOO 93 93 94 94 Do p re f.............. 100 13 13% Am er P neu S e rv ....... 50 134 134 2 7 4 28 264 27 Do p re f.............. 50 187% 137% 136% 137% er Sugar R e fin ___100 136 136 136 136 Do p re f.............. 100 131% 132 132 1 3 2 4 Am er Telep & T eleg .1 0 0 374 374 103 4 103 4 103 % i0 3 4 Do ret. ........... 100 L a st S a le 4 4 J ’ne’06 Boston ........... 10 *1164117 IT 6% 117 i)5 4 95 4 95 95% 94 4 943a 9 5 4 95'4 9 5 4 Last S a le 100 4 *101 1 0 1 4 -1 0 0 4 101 *1004 101 247 247 24 6 4 247 248 247 247 4 *.........247 160 160 150 150 150 *149 350 150 150 236 237 238 k *.........238 4 237 237 *236 238 168 167 167 16*64 167 4 167 ]67 % 107 167 170 *.........167 170 170 . 170 *.........167 Last S a lt 29 32 4 32% * 30 ........ 13 0 4 33 79 4 82 84% 8 1 4 84 7 9 4 79 4 7 9 4 81 4 L a st S a le 159 ♦........ 159 * ........ 159 *.........159 119 * •.........120 120 * 120 * .........120 Last s a l e * .........188 *.........188 - .........188 L a s t S a le L a s t s a le 138 1 3 7 4 1 3 7 4 *137 4 ......... 1 3 7 4 1 3 7 4 137 4 137 4 L a st S a le *100 ........ *100 ......... L a st S a le 91 *88 91 -88 91 *200 . . . ‘ 200 *200 ......... L a s t S a l e 21 20 204 20% 20% 20 20 20 20 71 71% 69 4 70 714 69 4 69 4 694 694 L ast S a le 22 2 1 4 * 2 0 4 ‘ 21 4 * 2 0 4 2 1 4 *21 1 9 5 4 1 9 5 4 195 1 9 5 4 195 4 1 9 5 % 1944 1 944 195 *.........160 160 * ___ _ 1 6 0 158 158 * Last S a lt 202 *200 4 202 201 201 * 2 0 0 4 2 0 1 200% 200 4 *53 ......... *53 . . .. *53 ......... L a s t S a l e 70 *59 70 *59 70 60 60 674 574 55 *50 55 L a st S a le *50 55 *50 55 85 4 *......... 85 *......... 85 * ___ _ 85 84 85 *102 ......... U 02 ........ '■102 _____ L a s t S a le 157,4 158 4 1684 158 1 584 159.** l o l ^ 162% 163% 95 *9 4 4 9 5 4 *944 954 9 5 4 -94 94 94 *175 ......... *176 ......... L a s t S a l e 95 95% 95% 95 95 4 9 6 4 964 *944 954 110 *109 110 *.........110 *109 110 109% 1094 L a st S a le L a s t S a le L a st S a le Sales o f the Week Share i Mange for Year 1906 Lowest Highest Lange for Hrtriottf Y e a r (1 905) Lowest H ig h e s t 8 6 % J ’ly 12 97 AuglT, 7 7 4 May 98 4 J ’ ly 3 105 4 Jan 3 99 4 Jan 145 242 J ’ly 9 2 6 7 4 Feb 19 253 Dec 39 147 AuglO 160 Jan 16 152 N ov 20 236 A u g i6 2 4 6 4 A pr 2 £241 May 560 166 Si JTy 27 1 8 0 4 Apr 2. 170 De 1 170 J ’ ne 7 1 7 5 4 May 4 171 Jan 306 P ly 24 314 4 'Apr 24 305 Jan 590 25 Jan 17 3 9 4 Apr 7 1 3 4 Jao 7,290 72 4 Jan 16 90 A pr 7 63 4 Jan 157 Aug 9 182 Jan 12 150 J an 117 ^ J ’ ly 26 127 Jan 16 123 Nov j 88 J ’ly 11 190 Mar24 186 Jan 160 A\ig 1 163 A pr 6| 1604 Jan 2 9 7 4 Apr 3 298 A pr 2- 285 Jan 62 137 A ug 8 145 Jan 3<-, 141 Dec 13 5 Jan 8 107 A p r 27 5 9 4 Jan 0 *4 J ’ly 2 95 Jan 2 Jau 197 Mar27 198 A p r 13 iff Jan 795 17 Jan 5 23 J ’ne 8 13 Oct 55 Nov 1,27 s 59.4 Jan 2 75 J ’ ne 2 2 4 M a y l2 25 % Jan 9i 1-9*4 May 463 190 J ’ly 11 207 4 Jan 27 al92^ Dec 10 157 May26 163 Feb 7 164 Get 228 J ’iy 12 233 4 MarlO 232 Jan 86 200 J ’ly 18 210 Jan 15 *205 4 Jan 79 Jan 25 50 Jan 15 60 Aug 14 52 4 Dec 50 M arl4 64 Jan 4 50 Apr 235 65 Jan 10 8 5 4 A u gl 1 50 Jan 95 Jan 10 106 Feb 201 934-Jan 14,279 139 4 May 2 180 Aug 17 113 Jan 3 91 May 3 9 9 4 Jan 2 95 Sep 175 Jan 11 178 A pr 4 172 Jan 30 94 J ’ly 27 101 Jan 2 93 Jan 38 1 0 4 % A u g l6 1 1 6 4 Apr 9 110 Dec 25% May 9 2 5 4 May 9 2 1 4 Jan 55 4 Aue 150 F eb 5 1 5 0 4 Feb 16 146 Mar 9 3 4 Mar 1054 Sep 261 Apr 158 4 ^ P r 249 Mar 185 4 Mar 175 A pr 311 Dec 35 Mar 8* 4 182 Mar 132 Feb 1894 Mar 167 Aug 300 A ag 148 Mar 92 Oot 96 N or 192 Dee 23 A pr Mar 7 0 4, “ 25 4 Dee 2 1 5 4 SeP 1674 May 233 May 212 A pr 102 Feb 87 Feb 72 Jan 67 4 Au* 102 Sep 1514 Deo iO l^ le b 150 Oct 102 Sep 117 4 A pr 3 1 4 S*P 60 4 SeP 151 N ov 100 21 J ’ly 12 34 Jan *7 1 9 4 Jan *244 264 93 93 165 91 May 2 102 Jan 26 86 Jan 4 % Apr 1 3 4 14 2,38^ 11 Jan 3 29 Mar 21 27% 28 2,437 26 A u g 9 46 A pr 2 20 Jan 130% 137 1,603 128 May 2 1 5 6 4 Jan 8 130% May May 2 141 Jan 26 ] 32 May 185 135 102 m 131 >a 182 1,710 128 J ’ly 10 144 4 Jan 17 130 4 Dec 37 3 84 87 32 J’ ne29 47% Jan 24 21 Jan 103 103 4 280 1 0 1 4 J 'ly L9 1103 Feb 2 9 2 4 Jan 4 *4 44 3 ^ Jan 11 3 4 Mar 4 4 J ’ne 7 *116 117. ‘ To5 115 J ’ly 30 11834 M arl2 116 Aug 28% 2 8 4 100 26 Jan 4 34 A p r 3 17 Jan 9 9 *8% 84 9% 9% East Boston L and............ 5% Jan 31 10 A ug 3 1 824 5 4 J ’ly *231 237 *231 238 lu 231 A u g l3 250 Jan 13, 239 Dec Edison E lec I liu m ... 100 168 169% 168 168 161 J ’ly 14 1 8 0 % Jan 9 169 4 Mav 122 58% 59 5 8 4 58% 58% 58% 584 59% Mass’chusettsGasCoalOO 2,661 44 May 3 04% J ’n e l8 3 8 4 Jan 89 8U % 89% 8 8 4 89 4 89 4 2,240 843 M ayl7 8 9 4 J’ne 7 80% Jan 8 8 4 8 84 D o p re f................ 100 200 200 M ergenthaler L in o .. 100 *196 200 *196 200 * 1 9 8 4 2 0 0 31 190 Mar23 200 Aug 17 tl354 J'ne 1 Feb 3 Jan 2 *34 4 3% 4 5 Feb 24 148 *34 4 M exican T elep h on e.. 10 130 1 3 0 4 130 1 3 0 4 130 130 130 L294 J ’ly 17 1414 A p r 6 131 Dec N E T eleph one...........100 *......... 4 L a s t S a le 1 1 Feb Jan ’ 06 PlantCom t’ st stk com 100 1 Jan 16 l 1ie Jan 15 L a s t S a l e 13% 10 Jan *......... 10 * ......... 10 S e p ’05 Do p r e f................ 100 237 240 2 30 May238 239 Pullm an Co.................. 100 144 219 J ’ly 10 2 4 6 4 Jan 2 •t 236% 236% *236 238 L a s t S a l e 10 8 4 Jan J ’l y ’ 06 R eece B u tton -H ole.. 10 9*2 Jan 11 1 0 4 Apr 3 * 9 4 10 * 9 4 16 410 101% J ’ne22 108 4 Mar 9 100 Dec 104 1044 104 4 1 0 4 4 103 103 4 103% 104 S w ift & C o.................. 100 L a s t S a l e 22 4 * 22 * ......... 22 J’ne’06 T orrington Class A .. 25 22 4 Jan 11 23 Feb 13 18 J ’ly * 26 - ......... -20 25 J ’ly ’06 25 J ’ly 28 26 J ’Jy 2 25 M ay Do p re f............ 25 2 2 2 4 May *2 3 *2 3 Union Cop L ’d & M g . 25 1,04(> 2 J ’n e l l -2 3 2 4 Jan 22| 109 4 1 0 9 % 109 4 1 0 9 % 109% 110% U nited F ru it___ *____100 905 103% May 2 1133 M a y l? 103 A pr 4 109 4 1 0 9 4 79 4 7 9 4 7 9 4 81 3,408 73 Jan 10 8 6 4 Feb ll 57 J ’ne 82 83 794 794 Un* Shoe M ach C orp. 25 30 30 *29% 30 e 29% 30 195 z29 4 J ’ne20 3 2 4 J ’ly 23 x3 0 7 Dec Do p re f............ 25 *294 30 L a s t S a l e 4 8 7s 48% Feb 19 5 4 4 F eb l 3 4 4 J& F e b ’06 U S R u b b e r................ 100 E 9 8 4 Jan 10 108 % A ug 16 113 4 Jan 43 108% 108% Do p re f............ 100 40 % 41 41% 41% 4 1 4 ,4 1 % 4 0 4 4 1 3s 41% 43 4 U S Steel C orp...........100 21,579 32% J ’ly 2 4 6 4 Jan 20 24 4 May 41 % 41% 105 4 1 054 l(j6 38 1 o6 38 1 0 6 4 1 0 7 106% 106% 106% 100% 107% 107% Do p re f.............100 1,475 99 J’ ne30 1 1 3 4 Feb 1 91 May *•60 •75 *•60 *75 L a s t S a l e •55 *•60 *75 A u g’06 W est E nd L a n d ......... 25 •40 Jan 26 •55 J ’ne22 •40 Mar -6 0 -75 *11 12 *11 12 *11 12 L a s t S a l e 11 11 J ’ly 31 1 7 4 Jan 18 11 Dec *11 12 A u g ’06 W est T elep & T eieg .10 0 *85 88 *85 88 86 86 23 85 Aug 17 9 8 4 Jan 19 90 Oct *85 88 * . . . . . . 80 85 86 Do p re f.............100 ^ T 'lv ’ On W esting E l «& M fg ... 50 L a s t S a l e 76‘ a 763 J ’ly 20 86 Feb 7 82 4 Oct 4 JPuaM M L a s t a a l e 90 85 May 24 98 Jan 11 91 May Do p re f............ 50 M ining 54 54 *0 6% 6 @ 5 Jan 10 960 *5 4 6 6 6 8 4 A pr 4 12 4 May 6% 6% 34 4 80 3 6 4 37% 35 374 6,781 3 1 4 J ’ly 19 .47 Jan 6 18 A pr 3 6 4 36% 37 37% 36 374 1 0 1 4 102 4 102 4 103% 1 0 3 4 1 0 3 % 104 104% 104% 105 4 104 > 106 36,40b 9 2 4 J’ly 13 118 F eb 13 70 Jan 9 *84 *9 fj n s t S a l e 5% 8 J ’ne *9 4 13 8% Aug 10 16% Jan 8 A u g’06 Am Z in c Lead & Sm . 25 * 9 4 13 L a st S a le 5 7 4 May 2 74 Feb 14 2 5 4 May *24 1' May 24 *24 2% 6 Jan 8 50 *24 24 2% 2% A r c a d ia n ..................... 25 *2 4 24 2 4 J ’ly 13 2% 24 *‘ 90 •91 *•90 1 •90 l *'95 1% % J’ne 5 150 2 Jan 3 •45 J ’ne *•90 1 A r n o l d ........................ 25 11% 114 12 12 12 13 4 4 11 114 12 12 13% 15 A tla n tic ........... ....... 25 1,555 103 May2S 2 8 4 Jan 6 12 4 May 31 4 314 33 334 33% 3 3 4 33 33% Bingham Con Mln<fc S 50 6,130 25 J ’ly 13 4 9 4 Feb 14 28 May 3 l 4 32 4 33 33 4 *•60 *00 *•50 *55 **50 c55 •45 May29 °75 M arl 5 •50 May L a s t Sa le 4 *•50 *55 A u g ’06 Bonanza (D ev C o )... 10 25% 2 o 4 26 26% 26% 27 5 4 Jan 26 26 254 264 26% '2,7 BostonOonC<fcG(rcts) £ 1 2,110 2 0 4 Mar 15 3 3 4 J a n 2 314 314 3 0 4 31% 30% 31% 3 1 4 32 £30% 31 B utte C o a litio n ......... 15 4,135 25 J’ ly 13 3 4 4 A ug 2 30 4 31% 109 109 4 109 110 1094110 109 110 1 0 9 4 110 S29 107 J ’ly 14 120 A p r 17 110 no Caiumet < A r iz ......... 10 & *690 695 *697 700 700 727 735 740 700 700 138 675 May 2 742 4 A u g l7 601 J ne fe 740 742 4 Calumet < H ecla ___ 25 2 2 4 22 4 24% 24% 25 25 4 23 23 4 2 3 4 24 4 25 25 4 C en ten n ia l................. 25 3,155 1 7 4 J ’ly 13 32 Jan 12 16*8 Mar 6 4 ^ .. .. .0 6 4 A pr 27 5 A p r’06 5 4 Sep 5 * L a s t S a le 5 4 5 4 A p r 27 5 * ......... *55 *55 •5s -60 •56 -56 •60 *60 •56 -58 •58 *58 Cons M ercur G o ld ... 5 4,205 4 J ’ly 7 •70 Jan 22 •30 Mar 74 74 4 663 J’ iy 13 8 6 4 Jan 20 64 Jan 4 75% 76% 744 754 75% 76 76 78 4 Copper R ange Con C o l 00 9,240 75 75 4 17 17 435 14 Mar 19 18 Jan 5 1 1 4 Mar 17 17 4 17 17 17 17 17 D a ly -W e s t................. 20 167s 17 l 17 50 74% May 11 84 F e b l3 60 Jan 76% 76% Dom inion C oal...........100 *116 118 * i l 6 118 *116 118 T 10 n s X a s i S a l e 116 4 ~ A ug'06 1 1 6 4 A ug 9 12* Mar 19 113 Jan Do p re f................ 100 -1 4 14 2 May 1 4 J’ly 31 2 4 Jan 12 -1 4 14 * 14 1% Elm R iv e r................... 12 ***45 *14 1% 14 14 *16 4 17 4 8 Apr 17% 18 164 174 174 ’ 174 17 174 18 18% Franklin...................... 25 2,655 14 4 May 2 21 Feb 7 11% 114 * 1 1 4 12 5 Jan 9 4 Jan 17 1 3 4 MarlO 12 12 630 12 12% *114 12 124 1 2 4 Granby Consolidated. 10 24% 24 4 24 4 25 .24% 25 2 4 4 24 78 24% 24 4 24% 25 (Jreene Consolidated. 10 8,728 1 9 4 J ’ly 12 3 1 4 A pr 16 20*4 J’ne 54 *5 4 3 Jan 5% 5% 7 4 Jan 18 5 % 5% 450 5% 5% Guanajuato C on sol.. 5 ’“5 4 54 4 4 Jan 5 *18 4 19 4 18 H 18*2 i 19% 19% 20 910 1 6 4 J’ly 14 2 9 4 Jan 6 1 7 4 May 19% 19% *19 20 20 Isle R oy ale (C opper). 26 *73 4 34 6 May 8 8 6 4 J ’ly 14 1 2 4 J a n l3 8% 8% 360 8 8 84 84 8% 8% Mass C onsol............... 25 *•45 •56 *•45 -55 *•45 '55 •40 J’ ne27 1 4 Jan 4 •70 J ne •45 *55 JLastSai* 4 A u g ’06 M a y flo w e r ............... 25 * 1 3 4 .13 13 13 13 13 610 10% J ’ne22 1 7 4 Jan 3 1 0 4 Jan 13% 13% *13 13 4 13% 13 4 M ich iga n ..................... 25 60 4 60 4 6 0 4 61 997 \5 4 4 Mar 5 67 J ’ne 5 48 May 01 61 614 614 624 624 62 62 4 M oh aw k ....................... 25 *24 24 2 J 2 J T y 11 365 7 4 Feb 13 24 24 2% 2% * 2 % ......... Montana Coal<fe Coke 25 24 24 * 1 7 4 184 18% 18% n s 496 11 Jan 26 20 A p r 18 1 0 4 Dec 185 184 s is % 18 4 1 8 4 18% 18 4 Nevada Consolidated ‘ 5 90 4 9 1 4 90 90 4 90 91% 9,442 74% Mar 6 9 5 4 MaylO 34 Aug 9 1 4 92 4 Vi 914 91% 92% X *•85 * *8o 1 *•85 1 •70 J ’ly 17 1 4 Jan U •75 May*•85 1 Xtast S a l e '70 J ’ly ’06 Old C olony.................. 25 40 4 40 4 42 42% 4 0 4 41 4 4 1 4 42% 42 424 41% 41% Old D o m in ion ............ 26 2,9o7 33 J ’ly 13 47 4 F eb 20 2 3 4 May 105 4 106 1U6 107 1 0 6 4 1 0 6 4 106% 1 0 7 4 1U7 108% 109 109% O sce o la ........................ 26 3,030 93 Mar 7 112 M ayl 7 88 Feb * 2 5 4 26 4 26 26 415 22% J ’ly 14 48 Jan 2 2*2 J ne *26 27 2 6 4 264 28 28 Parrott(Silv<fc Copp) 10 2 7 4 28 **65 •70 *•65 *70 •70 -70 !?C-65 1 4 Jan 4 •50 J’ ne *20 •60 MaylO •65 *65 Phoenix C onsol........... 25 '75 86 85 85 85 413 80 J ’ly 16 114 Jan 11 95 May £84 84 88 90 Q u incy.......................... 25 * 8 4 4 85 8 6 4 864 *4 44 1 4 May 8 4 Jan 19 3 4 J ’ly 16 44 44 4% 44 *4 4 5 4% 54 5 5 Rhode Island.............. 25 2,005 1 4 May 14 14 2 4 J a n ie 1 4 J’ly 26 25 Santa Fe(G old < Cop) 10 fc *14 14 *14 1% *14 14 *14 1% 6 4 Feb 9^6 9 4 5 4 Jan 10 10 MaylO 94 94 94 9% 9% 9% 94 94 94 ?% Shannon..................... 10 2,895 wv t 4 lOU *97 100 171 90 J’ne 9 122 Jan 2 101 May 100 100 98 98 9 9 4 99 4 99 4 9 9 4 T a m a ra ck ................... 25 " 1U 11 2 Feb 9 A pr 28 I 6 4 Jan 8 * 1 0 4 11 1 0 4 11 10% 1 1 4 , 11% 124 12 12 T e cu m se h ................... 25 2,325 40 May 2 52 Jan 6 2 4 4 J ’ ne 4-P l a - k ^ h a T ennessee................... i 25 Jan 84 84 7*4 J’n el9 1 3 4 A pr 5 9 9 8 7s 9 *......... 9 8% 9 T rin ity.......................... 25 1,795 8% 9 Mar 63 4 634 63% 68% 6 3 4 63 7 e 6 3 4 64 61% 63% 63 4 64 United Copper.......... 100 3,700 5 7 4 May 2 78 Feb 7 88 Jan 9 111 Feb 21 74 4 Nov RQ‘ a ± T ’Iv ’OA Do p re f...............100 *10 9 4 Apr 9 4 J’ne‘30 1 4 4 Mar30 1 0 4 *10 3.70 11 To 10 4 *10 1 0 4 10 10 10 1 0 4 U nit States Coal &Oil 25 6 5 4 554 56 56 55 5 5 4 ! 55 654 55% 5 5 4 55 57 U S Smelt R ef. & Min. 50 1,823 61 Mar 5 66 Jan 20 4 b 46 4 7 4 Jan 20 46 46 Do p r e f................ 50 1,057 43 Mar 5 45% 40 46 46 46 46 45% 45% 0 6 % 57 4 67% 58 4 5 3,395 5 2 4 J ’ne28 6 9 4 Jan 12 39% 574 574 58 584 6 7 4 57% 58 58 Utah Con (Gold) . . . . . 9 4 Mar 14 c2 May 6 J ’ly 13 220 64 *64 1 7 64 6% 7 7 V ictoria ...................... 25 64 64 64 64 7% Dec 4 J ’ly 3 10 Mar 19 74 8 8 8 8 74 8 9 W in on a......... .............. 26 1,355 74 74 74 74 355 131 Jan 30 155 A ug 1 105 Jaa 161 151 151 149 149 152 154 W o lv e r in e ...... ........... 25 *149 15^ 151 151 1 4 Jaa 26| •70 J ’ly 19 -4 1 *4 1 1 L a st S a le 1 A u g’06 W yandot.......... .......... 25 1 *4 Bidaa&aefceiL | N e w steo*. t Jkm^paxL e B efore pay’t of assess’ts called in 1905 _ called in 190A 29 4 A pr 964 15 Deo 36 4 Dec 154 4 Dec 140 4 Aug 148 Jan 47 Nov 109 Mar 43^ J ’ ne 124 Jan 28 Deo 734 Jan 257 Apr 191 Jan 5 1 4 Aug 8 8 4 May 206 A pr H 4 D «o 3 1 4 0 4 A pr 034 Jan 17 Jan 258 Oct I 0 4 Feb 114 Jan 23 Jan 27 Aug * 23 79 4 119 *137 4 *100 *88 *200 *19 69 -2 0 4 194 4 *200 * 63 *574 *50 864 *102 1664 *94 4 *175 *y4 4 *109 *2S 4 25 *24 26 93 93 *92 4 95 13 134 134 114 28 284 2 74 28 4 1354136 13641364 lo b 1364 *1 8 5 4 1364 13 i% 132 132 133 *36% 37 4 *37 374 103 4 103 4 103 4 1 0 3 4 44 *4 44 *116 117 *1 1 6 4 116 4 * 2 8 4 29 9 "6% *84 94 * 237 231 231 166 4 166 4 68 4 5878 58 4 5834 883 89 4 8 8 4 88 4 *196 200 *196 200 *3 4 4 -3 4 4 130 130 130 130 » *......... 4 4 k 10 * ......... 10 2 3 5 4 2 3 6 4 *236 239 •94 10 • 9 4 10 104 104 *103 4 1044 22 *......... 22 » 26 * . . . . . . 26 *2 3 *2 3 110 110 109 7&109 7 s 78% 784 79 79 4 30 4 30 4 30 30 *244 264 93 934 1 3 4 14 28 284. 13688 1364 136 136 131 ^32 *37 3738 103 4 1 0 3 4 *4 44 *1164117 *28% 9 9 *231 237 2,790 lH 4 % A n £ 115 90 34 4 57 117 4 43 4 107 •67 4 22 4 104 92 100 Feb Aug Aug Dec A pr Dec Dec Jan F eb Feb Mar Oct 1104 Oct 49 Oct * a 1114 Deo 1534 Dec 7 3 4 Dec 7 N ov 3 N or a 28 7 Oct „ 3 7 4 Dj)C •95 Oct 35 Dec 720 Dec 34 4 Oct 8 4 Jan •75 854 22 864 120 May Deo N ot Mar D ec 4 Oct 204 Oct 10% Dec 3 2 4 Dec 7 4 Apr 26*4 Jan 1 3 4 Mar 1 4 Oot 18% D ec 64*4 D ec 6 4 Deo 13 D ec 93 Dec 2 4 Oct 3 6 4 Dec 115 Oet 47 Dec 3 4 Jan 118 Jan 8 4 Oct 3 Jan 9 Jem 140 Mar 1 6 4 Oct 5 3 4 Dec 1 3 4 F eb 75 D ec 38 Deo 13*a Dec &3% Nor t JHOm 1 * 4 F e* 1*4 Dec 3 4 Fa* 371 Boston Bond Record A ug . 18 1906.] BOND.** B O STO N STO C K K X C H 'W t W eek Ending a v o . IT 1 Week?* L a n g e or J.ast s a t e P rice h r id a • > Aug. 1 7 IW) v BOSTON S T O C K E X t ’ H ’ G K WKKK K.VD1NU AUO 17 Lange *'nice Ja nu a ry 1 Brice Lridaii .i v y . 17 -c -i V . -s V !< Week's L a ng e or f,ast sale Lange s i nee J a n u a ry l Bid a 8k Low High .\o Low H i g h Illin ois Steel d eben 5 s ___ 1910 J-J luO 102 t(H) J ’ l v ’ 16 100 101 *4 N on -oon v ert deben 5 s . . . 1913 A-O 160 102 1 0 1 A u g ’ thi LOO 101 Si •••••• . . . . . . 128 l0 J ne 04 la Falls A S iou x ( ’ 1st 7 s .. 1917 A O ............... v 7 * 97 • . Kali C C lin A S pr 1st 5 s . . . 1925 A O 4 97*4 Kill Kan C Fl S A G u ll 1st 7 s .. 1908 J-I) .............. 105 Si M ar’06 105 Si 166 Kan C Ft S cott A M 6 s ___ 1928 M-N 1 17 K 119 117*.. J ’ l y ’ 6 11 r 123 Kan r M A B gen 4 s ........... 1934 M-S 9t> K J ’ ly *u0 96 'o 99 S» A ssen ted in com e 5 s ........1934 M-S 93*. 91 ) 92 *.j 94 93*4 03*| 104 1 .3 Kan C A M Ky A B r 1st 5s 1929 A-O 100 T ......... 101 J ’ l y ’ 06 100 1 Ot)°0 A iig ’06 K an C ST J o A C B 1st 7 s .. 1907 J-J 100s 162 T M ain e Cent eons 1st 7 s . .. 1912 A-O 115 A p r ’06 1 15 1 15 ( ’on s 1st 4 s ........................1912 A-O 101 *4 Sep ’ o5 US .m J s ’04 M ain H ough A O n t 1st 6 s. 1925 A -0 ] .Mexican C entral co n s 4 s .. 1911 J -J 70S* 77 1 7 5 7r A u g‘ 06 75-h 84 19*4 J ’ n e’ oo 191, 25 ’ 0 1st co n s m e 3 s ............ Jau 1939 J ’ ly 18 19 ■ co n s ine 3 s ........... Jan 1939 J ’ ly _tl 17 A uir’ 05 M ich T elep c o n s 5s tr re c.1 9 2 9 J -J ..................... 75 J n e ’ 03 M inne Gen Elec coir a 5s 1929 J •J 102 Si A U 0 1 S' N ew E n g Cot Yarn 5 s ___ 1929 F-A 98 A u g ’ 06 97 98 9 7 io b >> *4 Sh * 4 3 87 99 100 S •mi »05 * Nt■ Eng 1'eleph 6 s . . ___1906 A-O w 109 M ay’ 1*5 t o o 10| A-O 10t* J ’ l y ’ OO 11)6 lo t t.j lu ll., 1Ul '*4 6 s ..........................................1908 A-O 192 ID] 1 0 1 J ’ n e’ oO 10” J lv ’ 06 5 s ..........................................1915 A -0 106:h Apt ’ o6 99 *0 J ’ l y ’ 96 104 107 99 ' 190 4 N e w E n g la n d co n s g 5 s.. 1945 J -J i 92 7t. J ’ ne*96 B oston T erm 1st 4 s ....... 1939 A-O 99 ^ J ’ ly 06 97*2 9 9 rS a 101 St A p r ’ 06 ....1 16 l Si 161 T 91 J ’ ly ’ 06 91 94»-T Old C olon y gold 4 s ............. 1924 F-A O reg R y A N a v con g 4 s .. 1946 J-D H()27h Jan ’ 05 O reg Sh Line 1st g 6s .i .,1 9 2 2 F-A 194L 104 8/ H12l'*8 M ar’ 06 Dl“ l 1121 6 194 *4 107 103 102 *u......... 103 Jan ’ 0 *03 99 *y J ’ ly ’ 06 97*u 99*2 B e p u b V a lley 1st s f 6 s . .. 1919 J -J 107*12 N 0 v’ u 5 122 A p r ’ 96 122 124*4 R utland 1st con g en 4 T s.1 9 4 1 J -J B utland-C anadian 1st 4s 194 9 J -J 102 M a i’ 02 126 F e b ’05 Savannah E lec 1st c o n s 5s. 1952 J-J 98 S2 M ay’06 98 *a iu 3 193 98 103 A u g ’ 9 6 S ea ttle E le c 1st g 5 s ......... 1930 F-A 103 105 109 103 A u g ’ 06 101 105 3 104 104 Si 104 * v 102 D e c ’ 0 101L J ’ n e ’ 06 101*4 101*4 T e r r e H a u te Klee g 5 s ___ 1929 J -J T o rrin g to n 1st g 5 s ........... 1918 M-S 106 1 66 112*4 Jan ’ 03 100 J a i l ’ 06 102 1104 G U m o n l? a c R R A 1 g r g 4 s. 1947 J - J 102 J ’ ly ’ 06 160 J ’ n e’ 06 100 106 1st lieu c o n v 4 s . .'............ 1911 M-N 1150 * A p r *06 b 1150*0 155 95 J ’ ly *06 95 97 100 A u g ’ Oi LOO 101 U nited F ru it c o n v gen 5 s. 1911 M-S i ’0 9 *2 i i b 3 109 J ’ ly ’ 06 107 1 4 1 i 2 '4 100*4 J ’ n e ’ 06 U S s te e l C orp 10-60 y r 5 s . 1963 M-N 1(983e J’ lv *U6 100*0101 1|96 1100 s W est E n d S treet K y 4 s ___ 1915 F -A 1 0 2 * 4 ......... 1003 A n g ’ 06 LOO > 102 \ • 163 4 Sep '05 4 103 k. 102 103 *0 A p r ’ 05 G old 4 *128...............".............1914 M-S 103 J ’ l y ’ OO G old d eb en tu re 4 s ........... 1916 M-N l o o s ......... 1023ft Jan or 102 ^ M a r’ 06 i 02 *2 102 T 1 101 G old 4 s .................................1917 F-A 100*4 1 0134 101 ' j ’l y ’ 06 137 *0 -v p r '06 102 7 « 137 137*0 • -> W estern T elep h A T e l 5 s. 1932 J -J 140 A p r ’ 05 100*4 101*4 100*4 101*4 7 99 *> 103 * 1)94 S S ep ’ 05 2 98 ‘ 98 * 20 96*8 10 l s4 W isco n sin C ent 1st gen 4 s l9 4 9 J -J 4 109*8 A ug’ 05 96°0 101 *8 W isco n sin V a lle y 1st 7 s .. 1909 J -J 9 6 3 J ’ly ’ 06 4 Bui 98 91 Ask Low Hipfi A o Low Hxgn A m Beil T elep h on e 4 » -----itfO slj 99 9**2 99*4 8 98*4 109 8 90 A m T elep d T e l coll tr 4s. 1929 J - j fc 91 *\ 95 91»4 91 A j u W rit Paper 1st s t 5s g 191'.* J - j • '5*0 Mav'DU ^lS *»*0 SS *4 * I 04 .Mai'uG lo t 104*4 A tch «* N ebrask a 1st 7 * ..1 9 0 8 M-S A c h T o p A S Fe g e n g 4 s .. 1995 A - O j i o o ® i b i 191 \ A n g ’ 06 9 9 :,i 110,1*0 b 2 93 *4 97 A d j u s t m e n t g 4 s --------J ’ l y 1 9 9 ’ N o v i l|96 95 * 4 B oston E lect Light 1st 6 s. 1908|M-Si 111) K eb’ iM C on sol 68........................... 1924 jM-S 104 A pr ’ 99 B oston *£ Low eU 4 s ........... 1907 . J -1 > 191 y M ay’ Ou 4 s ..........................................1 9 IB J .J lU l-\ H i R B oston (V M aine 4 V s *......... 194 1 J -J lit M ar’ ii 6 IU 114 Boston T erm in al l st 3 V s. 194 1 F -A 1 1 12 *0 Jan ’ 93 B u A M o K iv ex Os........... 191.^ .J - J 198 111 * 4 1 0 8 *4 ......... [n s J ’ ly ’ 96 N oo-ex em p t «»s.................19 1 v ' . j - j 192 Sep-’ 05 __ S iu k iu g lu n o U ...............191oi j - j 99 9 9 7e 99 78 ......... 9b > J ’ lie 00 S u ite A B oston 1st o s ___ l 9 i . A It mi j ’ n e’ o i C e tar R a p A M o R 1st 7 s . 1 9 1 9 122 ......... 129 j ’ iu-’05 .................... _u V s .............................................................1 9 1 * 9 Vertni C en* C B vA s : ln w a 1st Io w a i > .v 1st 102 9 9 7g To o l 102 193 99 100 9 0 * u ......... 6 s ................................... 1 9 1 3 K x t e n 4 s ....................... 1 9 2 2 N ebrask a E x ie n 4 s ........1927 B <fc S 1 W tio is 8 ( 4 s ................................ 1 9 2 1 >1 V I 3 S i * .......................... 1 9 4 9 Join t Points see Lrt N o rth e rn Onto Jo Ky c : s tk Vita 5s .19 1 5 V ' *.mI i rust rem u d in g g 4 s l9 4 0 Cir .M ti A M P 1) D llb 104 *2 ......... 99*u 6 s .. 1 92 0 Ch M A M P W is V *liv Us 1920 Ch a- N o .Mich 1st gu 5s. 1991 C h :o \V a C o n c o r d & C o n n M ien A ce il i: 1st K .v e r D e t l i r K . ; g 1st «fc \ V 1 2 0 * 2 ......... ......... 101 U-2 ....... 6 s _____ 1 9 2 1 co n s 4 s .. .M on t P .u s s C u r re n t 88 5 s . 1 9 1 9 1 s t 4 s ...........................1 9 1 9 D e b e n tu r e D e n v e r 88 * 4 s ..M a y l 9 2 u D iv 1 9 2 9 4 s ... 1 9 4 9 o s ............... 1 9 2 7 1st 4 s ... 194U Dom inion - oal is t s t o s . . l 9 1 < E as't-n 1st uolilUS.............. 19U0 Fitclibnri: 5 s ......................... I9 0 o 4 s ...........................................1915 4 s .......................................... 1927 F r -a .i E . k A Mo V 1st 6 s . . 1933 Unstam ped 1st 6 s ........... 1933 G . Nor i ' B < Q coll tr 4s 1921 te Keir st« r e d 4 a ..................... 1921 N o\ k ......... lo b 100 ......... 98 *s Sale 97 *2......... vi-i pays a cc r u e d in te re st in a d d itio n lo the p u rch a se p rice for all B oston B onds. " N o p rice F r id a y ; la test bid an d asked. % F la t price. Philadelphia and Baltimore Stock Exchanr^—Stock Record, Daily, Weekly, Yearly • 'h a r e S a iu n to v A u g . 11 M on d a y A u g . 13 28 P e r 7 uesdau Aug. 14 C e n t u m W ed n esa ay A u g . 15 A C T I V E Thursday A u g . 16 R ange for Year 1906 Sates of the ( F or Bonds and Inactive Week Stocks see below) Shares P r i c e s F rid ay Aug. 17 S T O C K S Lowest B a lt i m o r e C o n s o l i d a t e d G a s ...................1 0 0 . . . . . . * .6 i ......... P r ic e s — N o t 102 28 *2 7 10 LS 101*12 27 Si 2 7 S . 230 400 82 97 27 8 S 6 50 510 56 15 54 *q,33 54 A m e r i c a n B a i l w a y s _____ 5 0 4 5 3 7g 54 3130 *34 34 *4 35 * C a m b r i # S t e e l ............................ 5 0 4 34*4 11*4 *11 UT ll* s 1 1 1 E l e c t r i c C o o f A m e r i c a 1 0 4 8 Si 8 8 *8 8 V G e n A s p h a l t t r c t l s _____ 1 0 0 38 38 38 D o p r e f t r c t l ‘ s _____ 1 0 0 37Si 37 S z L a k e S u p e r i o r C o r p _____ 1 0 0 18*8 18*8 18V 19 18*8 109 *108 *2 109 1U8 *4 108*4 L e m g l i C & N a v t r c t f s . 5 0 7 8 :ifc 7 7 3 7 8 -8 4 78 7 8 34 L e h i g h V a l l e y ............................ 5 0 V1 Si 1 a M a r s d e n C o ..................................... 1 0 0 4 68 6 8 30 681*16 69 V 69*4 728ie P e n n s y l v a n i a B B ................ 5 0 50 *4 50 *2 50V 50V 5UV 50*4 P l u l a d e l p ’ a C o ( P i t t s b ) . 5 0 8 :*0 8 l4 8V 8 3b 8*38 8710 P h i l a d e l p h i a E l e c t r i c t . 2 5 30*4 30*4 30 30 30 V 30*4 P h i L a l l a p i d T r a n s i t s . . 5 0 67 3e 66 °i6 6738 6638r)7l3i6 R e a d i n g ............................................. 5 0 47 •46 *4 6 47 •46 47 D o 1 s t p r e f ...................... 5 0 *46 S 47S? *46 2 *46 47 D o 2 d p i e f ......................... 5 0 47 U n i o n T r a o t o n ......................... 5 0 *64 65 64 t34 *63*4 64 l4 8730 88V U n i t e d G a s I m p t .................. 5 0 87 87^ 8 ? 3 88 4 30 30 *30 31 V V e l s b a c h C o ................................1 0 0 *30 33 213 3,387 101* 12101*12 103 104*ia *27 28 27 27*4 87 *4 87 l4 *55*2 57*1/ *15 15V i 101 Si 101 S *27*8 28 .............. *15 15 S, *15 15 l4 15 15 N o r t h e r n C e n t r a l ................ 5 0 S e a b o a r d ( n e w ) .......................... 1 0 0 D o l s t p r e f ....................... 1 0 0 D o 2 d U n it e d p r e f ........................1 0 0 & B y E le c t r ic .. Lange for Previous Year (1 9 0 5 ) H ighest Lowest J’ n e 7 92 J ’ ne20 J ’ly 3 107*2 Jan 29 J ’ly 12 32 Jau 17 J ’ ly 18 9 1 34 M a r30 M ay 8 6 2 V J an 5 Jan 8 19 J a n 15 83 99 H ighest Mai 90 A p r May 1 1 0 34 8 e p 21*11 Ian 3 4 83 Mai 4 7 7* Jan s 12 V A p r 91 D e c *12 N o v 6 4 D e c 13 M a r P h ila d e lp h ia *53*4 5 o 34 5334 5 3 3« 34 34 *34 34E 11 LI 11 11*0 8 ’- j 8 *v * 3 6 si 27 %18 1 8 S, 18 18 l u 8 109 *107*i2l09*i. 7 6 *4 7 6 S2 *76*0 7 6 ;,t 57J*x,.67l ;,6 *5 d *4 01 •36 645 4 *46 S. •46Si *63 Si 86 Sj ......... 68 6 . 78 50 K 5U a 4 8 3le 8 JO S z 30*4 66*0 65 5 « 4 5 7fc ’ 46 47 Si U 3 S 2 6 3 3 *0 3 3 4 4 87*0 87 293 4 56 83i6 30*4 65*n i o 7s '4 6 s 63 3 4 86^ 36 s. 6 5 Ta 4^ 48 64 86-\ 29 if* 54 54 *53 Si 34*4 34*4 3 4 3s 11*0 11*0 11*8 *8 8S i 8S i 38 *37 38 18 18 18*8 lOVSzlOS *108 77 76*4 76*4 P H IL A D E L P H IA 67 70 oO T 8 3ib 30-4 66*4 47 47*i/ 61*4 S8 30 A sk B id Inactive S to c k s ▲ m e t B ^ . iA l V a l ! d e m e n t ............ 1 0 1 ■a n t e l e p h o n e ...................... 5 0 i __ C e n 7 * ^ 1 --------- 100 101 5 6 57 o f - N J ...1 U 0 8 *4 - B a t t _____ 1 0 U S to r a g e A t l C ity B e t id e C h e A Preferred.................... io| E asiun Con E le ctr ic b.5U | E ie c B y s c o n v 5 s 1C 73 S t .................. 1 0 0 rano*- > m C o 01 N P o w 6 aC E q A . . 10 H 2 2 34 ..5 0 23 ftW a t c b C a s e . 1 0 0 L :' Brothers................... lo 11 V S c h u y l k i l l .................. 5 0 I L n e h iU N s c h o r l a H a v e n I r o n <fe S t e e l.5 1 1 P 5 . 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J - D 1 0 5 V 1 1 2 112 ^ 9 9 78 1 0 0 m 5 ............... 1 _ B id 1 9 2 0 ..A A O 2 d 7 s I m p K o c h e x t 4 s 1 s t 1 9 4 8 . J -D | 7 s M P o r tla n d T 4 .Q -J g B e a d E x P i i T * g . 1 9 2 4 .Q -F 1 st o s A M 4 s g o 4 J an 27 48 Jan 3 7 3 J a n 24 2 4 34 May 4 12 V J an i0 10 *2Jan * 14 J a n 4 8*2 Dec 48 J a n L9 3 6 N o v 23 V J a n 15 1 4 V M a y 118 Jan 19 l o u 1 J ’ ly ^ 86 J ’n e 8 52*12 Jan 3 15! q Jan 10 2*8 D ec 73l l ie Jan 22 65*8ie May 4 a54 v Ma.r2U 40 * Jan 8 *2 J an i 5 8 J ’ne 4 $31*4 Jan 2 / I 173 Jan 83 Jan 23 3 9 5e J a n M a y 47i 5iq Jan 23 4 5 51 Jan 23 4 2 J a n 61 A u g 3 58*4 Mai 101 F eb 15 9 0 J ’ ne 32 M ar 1 2 0 F e b 15,980 6 1 * 8 J ’ l y 3 618 47 A p r 20 18,57u 7 V J an 11 1,360 $24 J ’ n e 15 68,258 66 V May 3 43 & A p r 16 10 h 4 4 78 May 2 10 6 1 34 M ar2S 11,543 1 j s l V M a y 1 6 223 2 9 ;V A u g l 4 T e r m in a l 5 s g 1 9 4 1 . Q -F i . . . . . J -J M -N g e n M C o n ....... j g .............1 9 1 4 . Q - F 4*28 M V L e h S e a S h .5 0 W e s tm o r e L a n d W ild e s G a s A i ’0 4 ” 1 1 9 1 9 3 2 1 st 5 s .’33 P e o T r B G e n ............... 16 v u P referred..................... >,j U r u le d II A 6 \ S t e e l..5 T o i w p a h i l i u i n g o t N «:v U n i o n T r o f I n d ............... l u o 1 st M 5 s L e h ig h o r r is .5 0 u T r a c t i o n ......................... 5 9 5 s T 9 1 2 V H ..5 U N o r ‘ ier n C en tra l......... 5 u Nori . i P e n n s y lv a n ia ..5 0 P " u-y» vania S a lt....... 50 P e • va 1 ta S t e e l . . 1 0 0 •* 100 P h il A B B s • > L g e n 1 st c o n E C o n In d ia n a p o lis B y 4 s . 1 9 3 3 I n t e r s t a t e 4 s 1 9 4 3 . . F -A .......................... K e\ G 28 b en n oU K e y .n io n e T e l e p h o n e C a n 1 s t 5 s ’ 1 6 J -J & O k P h 101>aj M e 1 s t 5 s 1 9 4 9 J -J E le c A In Dana U nion T r ___ lu o In 1 9 9 8 .Q -F C o n T T a c o f N J P a s s ............ 5 0 I n d ia n a p o ll* D l b o ’v l 1 01 g T 9 .M - N 1 s t 6 s ’2 1 J -J A G e n 1 st 5 s 1 9 2 6 . J -D C o l S t B y E A G e m i.im o w n 1 9 1 1 .J -D S te e l 6 s h o c A iC h 71 ___ lu o In - 1 s t 5 s B e r g A E B r w t P l t A L V E l e c 4 *$s’ 3 3 . F - A A m 171 130 821 68 6,977 P H IL A D E L P H IA | B o n d s e x t 7 s 1 9 1 0 A - 0 E B a lls T e r i i l C o a l <& C o k e . 1 0 0 C o n s u l T r a c 1A A sk B id P H IL A D E L P H IA 1,201 51 M a r l 5 3 0 3 J an y 4 J1 May 9 S J ’ly 11 34 J ’ ly 10 17 J ’ly 13 101*4 M ay 2 65 M ay 2 l «8 J ’ ly *23 J 10 11 l 9 5 '4 9 5 V : 11 lu C V 1 15 9 6 9 6 V 112 1 0 6 Si 1 18 THE CHRONICLE 372 Volume of Business at Stock Exchanges T R A N S A C T IO N S A T T H E N E W Y O R K STO CK E X C H A N G E D A IL Y , W E E K L Y A N D Y E A R L Y Slocks Week ending A u g. 17 lvut> State Bonds R a ilroa d dec B onds O S Bonds Shares Sat.nrdjiy M o n d a y '............... T u e s d a y ............... W e d n e s d a y ......... T h u r s d a y ............. F r i d a y .................. T o t a l .................. P ar value 37 2 ,0 5 0 681,785 623,258 9 75,630 1,220 ,0 6 8 2,529,422 $ 2 9 ,7 0 2 ,5 0 0 6 2 ,5 5 6 ,0 0 0 5 7 ,2 0 2 ,1 5 0 8 4 ,8 3 1 ,6 5 0 1 06,106,800 2 2 7 ,3 6 0 ,9 5 0 $ 5 4 2 ,5 0 0 1,236 ,0 0 0 1,332,500 1,974,500 2,300 ,0 0 0 2 ,7 5 9 ,5 0 0 $6 2 ,0 0 0 124,500 100.500 102,500 164,500 10,500 6,402,213 $ 5 6 7 ,7 6 0 ,0 5 0 $ 1 0 ,1 4 5 ,0 0 0 $ 6 6 4 ,0 0 0 G as S ecurities Week ending A ug. 17 Sales at New York Stock Exchange 2,000 1,000 1905 1906 100 50 ____ 105 1j P r e f e r r e d .........................A ........ 95 110 43 L aray’ e G a s ls t 6 s’ 2 4.M -N 38 40 35 L og& W a b V 1 st 09’ 25 .J -D M ad is* n Gas 6s 1926. A-O $ 103 \ 107 8* 134 N e w a rk Gas 6 s 1 9 4 4 .Q-J $132 89 91 109 n 1 $108 5 2 34 1 29 67 72 104 H Con g 5s 1949.".__M -S $100 St J o sep n G as 5s 1937. J -J $ ......... 93 T e l e g r T e l e p h o n e F ra n k lin 178,451,712 161,6 8 1 ,4 8 8 5,186,596 6,402,213 S to ck s— N o. shares P ar v a iu e .......... $ 5 6 7 ,7 6 0 ,0 5 0 $ 4 7 3 ,7 4 5 ,4 5 0 $15,820,723,850 $15,006,550,375 $5 3 1 ,5 0 0 $ 340,300 $ 1,000 $400 R a n k shares, p a r.. BONDS $ 16,150 664,000 10,145,000 G o v e r n m e n t bonds S ta te b on d s............. R R . a n d m is. bonds $ j0,825 ,1 5 0 T ota l bon d s. $8,500 $3,4 7 8 ,0 0 0 16,900,700 $ 2 0 ,3 8 7 ,2 0 0 $3 9 2 ,4 0 0 ] 19,103,250 573,3 1 3 ,7 0 0 $1,29 8 ,0 0 0 51,901,650 402,1 4 7 ,3 0 0 $ 4 5 5 ,3 4 6 ,8 5 0 $ 6 9 2 ,8 0 9 ,3 5 0 D A IL Y T R A N S A C T IO N S A T T H E BO STO N A N D P H IL A D E L P H IA EXCHANGES Week ending A u g . 17 iy o d P h ila d elp h ia Boston P acific & A t la n t ic ........25 ^S outhern & A tla n tic 25 E l e c t r i c Unlisted shares 8,164 24,013 24,087 22,8 4 3 31,606 47,669 3,384 5,674 6,378 7,543 11,984 11,747 T o ta l........... 158,382 B ond sales 45 ,7 1 0 Unlisted shares Listed share 8 Bond sales $ 6,000 30 ,0 0 0 5.000 10,233 8,134 11,558 26,786 28,414 39,586 3,973 12,217 7,389 4,404 3,885 28,943 $ 3 6 ,0 0 0 93,100 62,275 10 5 ,3 0 0 53 ,9 6 2 4 8 ,0 0 0 $ 6 2 ,0 0 0 1 24,711 60,811 1,000 55 123 92 132 85 C o m p a n i e s C o m p a n i e s B r o o k ly n Y 1 st N F e r r y & N Y 1st & E R Fe B $ 398,637 20,000 92 150 123 h ica g o list 145 150 t 9 7 8 103 40 50 P r e fe r r e d ...................100 60 70 70 U nited E le c t r ic o f N J 100 $ 718* 728? N S a tu rd a y ........ M o n d a y ......... T u e s d a y ......... W edn esday. . T h u r s d a y ........ F r i d a y ............ 90 140 119 78 45 115 85 1278? 120 78 97 C h ica g o E d iso n C o See F e r r y Listed shares Ask $ 95 45 flA m erT eleg< fc C a b le 100 J an u ary 1 to Aug. 17 1905 1906 $2 ,6 5 0 110,000 Bid J a ck so n G as 5s g ’ 3 7 . K ansas C ity G a s ......... 1 L a cle d e G a s ............. . 1 $1 6 ,1 5 0 . . . . . . . . [V O L . L X X U L L 5 s & Y Y H o b & 1 s t r r y s t k . 1 0 0 c o n J 2 d 2 3 d 5 s 1 9 4 6 . J -J S ts F e r r y m o r t H U n io n 5 s ’4 6 . J - D 1 s t 5 s 1 9 4 6 M -N <fc N 1 0 th 1 9 1 1 . J -J 1 9 2 2 .......................M - N H o b F y N s to c k lO O 6 s 5 s 1 0 0 1 9 1 9 ...J -D F e r r y s t o c k H is t 5 s 1 9 2 0 .1 0 0 ................... M - N 1 $100 65 90 $108 $109 $105 30 $ 80 27 91 2 102 70 92 109 no 2 2 80 45 12 49 5 5 100 55 18 50 37 88 30 R a i l r o a d Outside Securities C h ic P e o & B le e c k St<fc F u l E s tk 100 H ist m o r t 4 s 1 950 ..J -J fl B’ y & 7 th A v e s tk ..1 0 0 H2 d m o r t 6 s 1914 ...J -J C on 5s 1 943 See S tock B 'w a y S u rf 1 st 5s g u 1924 IJCent'l C ro sst’ n s t k .. 100 I J ls tM 6s 1922 ...M - N flC e n P k N & E R s t k . 100 flChr’ t T & 10th S t stk 100 C oi& 9th A v e 5 s See S tock D ry D E B & 3 — 111st g o ld 5s 1 9 3 2 .„ .J -D HS crip 5s 1 9 1 4 ----- F -A E ig h th A v e n u e s t k . .l 0 0 HS crip 6 s 1 9 1 4 ___ F -A TJ42d&Gr S t F ’ y s t k .. 100 42d S t M & S t N A V ..1 0 0 111st m o rt 6 s 1 910 .M -S H2d in co m e 6 s 1915 J-J X nterboro-M e tr o p olita n — C om m on . See S to c k E x P re fe rre d . /See S to ck E x 4 8 % bon d s. See S to ck L e x A v & P a v F 5 s See St M e tr o p o l S e c u r itie s See M e tr o p o i S tr e e t R y See N in th A v e n u e s t o c k . 100 S e co n d A v e n u e stocklO O H ist m o r t 5s 1909 M -N C o n so l 5s 1 9 4 8 ____ F -A HSixtli A v e n u e s to c k 100 S ou B o u le v 5s 1 9 4 5 . .J-J So F e r 1 st 5s 1 9 1 9 .„ .A - 0 T h ird A v e n u e See S tock T a r r y W P & M 5s 1928 Y k e r s S t R R 5s 1 9 4 6 A -0 28th & 29th S ts 1 st 5s ’ 96 flT w e n ty -T li’ d S t stk 100 U n ion R y 1 st 5s 1942 F -A W e s tc h e s t 1 st 5s ’ 43 J *J BROOKLYN S tr e e t R a ilw a y s W Louisv S t 5s 1 9 3 0 ..J<feJ Lynm fc B o s 1 st 5s ’ 2 4 . J-D 31 33 If N e w O rl R y s & L g t See 90 94 If P r e fe r r e d ............... See 235 246 H G e n M g 4 8 s ’ 35 See 10 2 104 N o r th C h ic S tr e e t See C E x c h List P u b S e rv C orp o f N J 1 0 0 108 T r c tfs 2 % to 6% p e rp e t *105 300 325 C oll tr u s t 5 s g o ld n otes $114 117 1909 o p tio n a l___ M -N 195 200 N o r th J e r s e y S t R y 100 170 178 1 st 4s 1 9 4 8 . . . . . . M -N E x c h List C o n s T r a c o f N J .. .1 0 0 1st 5s 1 9 3 3 ............J -D 112 109 N e w ’k P a s R y 5s ’ 30J-J 99 102 R a p id T ra n S t R y . . l 0 0 375 400 1 st 5s 1 9 2 1 ............ A -O 99 10 1 J C H o b & P aterson lO O 385 400 4s g 1 9 4 9 . . . . . . . . M -N 50 70 S o J G as E l & T r a c 100 102 105 G u g 5s 1 9 5 3 ... .. M - S 58 70 N o H u d Co R y 6 s’ 14J-J 5s 1 9 2 8 . . . . . . .......... J-J ch a ’ g e lis t E x t 5s 1 9 2 4 ........ M -N ch a ’ g e lis t P a t C ity c o n 6 s *31. J-D E x c h lis t 2d 6 s . ...1 9 1 4 o p t A -O k E x c List S o S ide E l (C h ic) See C S tk E x lis t S y ra cu s e R a p T r 5s 1946 S tk E x list T r e n t P & H 5s 1943J-D L 80 170 U n ite d R y s o f S t L — 198 204 C om v o t tr c t f s ___ .1 0 0 $100 103 ^ P r e fe r r e d ..................100 $109 112 G en 4s 1 9 3 4 ___ See S tk 170 174 U n itR y s S a n F r a n NeeStk $100 104 W a s h R y & E l C o ___ 100 $10 2 106 P r e fe r r e d ........ .......... 100 E x c h list 4 s 1 9 5 1 .......................J -D $104 107 H W est C h ica g o S t ___ 100 $ 106 H C o n g 5s 1 9 3 6 ....M -N IO 882 $ 10 2 106 G a s S e c u r it i e s 380 405 NEW YORK 11 0 $106 $105 106 C en t U n G as 5s g ’ 27.J<fcJ C on G as (N Y ) s t k . See St C o n v d eb 6 s c tfs 6'^ S tk ^ M u tu a l G a s ................100 N e w A m sterd a m G as— $ 10 1 1 st co n so l 5s 1 9 4 8 .-J-J $ 110 N Y & E a st R iv e r G as— 98 IOO8 2 1 st 5s T 9 4 4 ................. J-J 226 230 C o n so l 5s 1 9 4 5 ..........J-J list N Y & R ic h m o n d Gas. 100 100 103 N o r U n 1 st 5s 1 9 2 7 .M -N 105 108 ^S tan d ard G as co m ..1 0 0 E x c h list 1 P r e f e r r e d ................100 1 E x c h List 1 st 6 s 1 9 3 0 ..............M -N B id A sk A tla n A v e 5s 1 9 0 9 ..A -O C on 5s g 1 9 3 1 ......... A-O B B < W E 5s 1 9 3 3 ..A -O fc B r o o k ly n C ity s t o c k . .. 10 C on 5s See S to ck E x c h B k ln C rosstn 5s 1 9 0 8 . J-J B k n H g t s 1 st 5s 1941 A -O B k ln Q C o & S u b See Stk B k ly n R a p T ra n See Stk 220 HConey Is. & B k ly n ..1 0 0 200 95 1 s t c o n s g 4s 1 9 4 8 ..J-J 113 B r k C & N 5 S 1 9 3 9 .J -J 1 1 0 G r*pt <feLorimer S t 1 st 6s 103 K in g s Co. E le v a te d — 1 st 4s 1949 See S tock E xch list 65 75 N a ss a u E le c p r e f........100 109 5 s 1 9 4 4 .......................A -O 105 1 st 4s 1 9 5 1 ............See St k E x t h list 104 N W b ’ g & F la t 1 st e x 4 8 s 10 1 B Jein w ay 1 st 6 s 1 9 2 2 .J -J $ 1 1 2 ^ 114*2 OTHER CITIES B u ffa lo S tre e t R y — 1 st c o n s o l 5s 1 9 3 1 ..F -A D e b 6s 1 9 1 7 ........... „A .O C h ica g o C ity R y See C C olu m b u s (O ) S t R y . . l 0 0 P r e f e r r e d .................. C olu m R y co n 5s See P h C ro sst’ w n l s t 5 s ’ 33.J-D G ran d R a p id s R y . . . . 100 L a k e S t (C h ic) E l $110 111 $105 h ica g o List 1 0 1 hi 103 110*4 1 1 2 iia list $103 106 74 85 90 h ica g ------See C\------ ^ o list B id A sk IjF o rt 5 s 1 9 3 0 ......................... Y $100 $107 $108 $100 $120 $100 96 N & H 112 250 N o r t h ’n P e n n , g u N o v P it t 8 S e c u r itie s 1 g 74 in 103 & L S e c u r itie s & C o . - o p ...M - S See B a lt a n d 25 R e a l t y ................1 0 0 C o 1 st m 5 s J u ly ’ 3 6 o p t ’ 1 6 A m e r ic a n C a n w i c o m . . . 1 0 0 P r e f e r r e d ................................1 0 0 A m e r ic a n C h ic le C o .. 1 0 0 P r e f e r r e d .............................. 1 0 0 G r a p h o p h o c o m .. 1 0 0 P r e f e r r e d .......................... 1 0 0 A m e r H a r d w a r e ............... 1 0 0 A m I c e S e c u r i t i e s _____ A m M a lt in g 6 s A m P r e s s S o d a See 1 9 1 4 .J - D A s s o c ’n . 1 0 0 F o u n c o m .. 1 0 0 1 s t p r e f e r r e d . ................... 1 0 0 2 d p r e f e r r e d .......................1 0 0 A m e r M 1 9 3 5 .........................A & O A m e r ic a n S u r e t y ................5 0 A m e r ic a n T h r e a d A m T o b a c (n e w ) p r e f . . 5 c o m 1 0 0 See S t o c k s ............... See S t k P r e f d ................... 4 s a n d 102 6 A m e r W r it in g P a p e r . 1 0 0 P r e f e r r e d ................................1 0 0 l s t s f g o s ’ 1 9 o p ’0 9 .J - J IfB a rn e y & S m C a r ...1 0 0 H P r e f e r r e d .............................1 0 0 $100 102 $ 10 1 105 103 93^4 1018? E x c h list f 80 118 85 125 $ 801-4 80 82 8 58 8 5982 2 182 185 103 107 44 46 XS2 85 105 107 S tk E x lis t 102 104 95 105 1 3 40 48 5 10 S te e l F o u n d r ie s — 6 s A m T y p e fo T s c o m ... 1 0 0 P r e f e r r e d ................................ 1 0 0 k E x c h lis t E x c h list 200 230 90 M i s c e i M i n i n g ................ C h a lm e r s s f $ 99*4 9 9 »i t 33 36 75 t 71 S o u t h w e s t e r n .. 1 0 0 in d u s t r ia l A llis 112 8 212 8* L in e — C o ll tr 5 s 1 9 0 7 V a $111 200 n o t e s E ................5 0 S e a b o a r d C o _____ A m e r $ 98 38 4 8 % I ll. C . s tk .tr . c f 8 .s e r .A ’5 2 A m 488, 4982 81 81*4 E x c h list E x c h list 38*2 40 87 8782 8 7 1* 87 82 29 30 60 J P r e f e r r e d ....................................5 0 A llia n c e 12 2 10 1 112 J & S tu b s 1 9 0 7 ..................M & N B e s s A h m e e k h ica go list $ 106 8 107 82 2 $10 2 105 $100 H a r t f o r d - C o n d e b 3 8 s 1 9 5 6 . S e a b o a r d A i r 79 80 106 D e n v e r s t a m p e d ................... 1 0 0 R a ilr o a d $ 95 • 30 $ 778i 78 $104 $109 240 $108 25 i 73 118 & W o r t h C ity N x lis t x lis t x lis t lis t 103 70 s t o c k ............. C h i c S u b w a y ............................. 1 0 0 $11082 1 1 1 82 $107 S tk E S tk E S tk E h ica g o 98 69 p r e f. 1 0 0 P r i o r l i e n g 4 8 s ’3 0M < fcS C o n m t g g 5 s 1 9 3 0 .J & J I n c o m e NEW YORK CITY L s t o c k ...................... U n d e p o s it e d A W eek ly R eview o f Outside M a rket w ill be fo u n d on a p reced in g p a g e . S tre e t R a ilw a y s S t D e p o s it e d H B e th l’m S t e e l C o r p .1 0 0 I f P r e f e r r e d ...........................1 0 0 H C o ll.tr . g .s .L 6 s 1 9 1 4 . J -J B l i s s C o m p a n y c o m _____ 5 0 $ 898? 185 \ 3 8? 390 E xch E xch 35 95 382 2482 85 65 140 2182 140 130 390 165 112 908? L95 48? 410 lis t lis t 38 LOO 4 258* 85*2 70 150 248? 87 96 134 4U0 175 B o r d e n ’s C o n d M i l k .. 1 0 0 116 P r e f e r r e d ................................1 0 0 104 88 2 85, B r i t i s h C o l C o p p e r ............... 5 t 30 8 31 * 4 B u t t e C o a litio n M i n .. 15 O T H E R C ITIE S 3 6 C a s e in C o o f A m co m .. 1 00 75 85 A m e r L ig h t & T r a c t . 100 113 P r e f e r r e d .............................. 1 0 1 116 120 99 130 P r e fe r r e d ................... 100 C a s u a lty C o o f A m e r ic a .. 10 1 B ay S ta te G a s ................50 82 C e H u l o i d C o ................................1 0 0 135 140 12 17 B in g h a m to n G as 5s 1938 $ 96 C e n t F ir e w o r k s c o m . 1 0 0 100 65 70 B r o o k ly n U n io n G as deb P r e f e r r e d ......................... 1 0 0 5 534 6 s 1909 c o n v ’ 0 7 ...M -S 12 2 127 C e n t r a l F o u n d r y .............1 0 0 20 B u ffa lo C ity G as stocklO O 22 8 P r e f e r r e d ................................1 0 0 6 782 7982 80 1 st 5s 1947 See S to c k E x c h list D e b 6 s 1 9 1 9 o p ’0 1 M -N S tk E x list C on sol G as o f N J — C e n t r a l L e a t h e r ................See 190 200 1 st 5s 1 9 3 6 ................. J-J $ 92 C e n t u r y R e a l t y ................1 0 0 95 440 480 C on su m ers’ L H P ow — C n e s e b r o u g h M f g C o 1 0 0 5s 1 9 3 8 .........................J-D $107 C h ic P n e u m T o o l. See C h ica g o list 108 114 E liz a b e th G as L t C o .. 100 275 C i t y I n v e s t i n g C o ..................... 108 118 E s s e x & H u d so n G as 100 126 H C l a t i i n ( H B ) c o m _____ 1 0 0 128 96 F o r t W a y n e 6s 1 9 2 5 ..J-J 40 H i s t p r e f e r r e d ................1 0 0 46 96 G as & E l B e r g e n C o .. 100 H 2 d p r e f e r r e d ...................1 0 0 57 60 G ra n d R a p id s G as— C o lo In d u s tria l. See S t o c k E x list 65 80 H ist 5s 1 9 1 5 ........... F -A $100 10 2 8 C o l & H o c k C o a h f c l p f 1 0 0 2 $ 84 90 H u d so n Co G a s........... 100 107 1 s t g 5 s 1 9 1 7 ................J - J 108 In d ia n a N a t & H i G as— C o l tr 6 s O c t 1 9 5 6 ..J -J 1018 65 60 1 st 6s 1 9 0 8 ..............M -N C o n s o lid C a r H e a t in g 1 0 0 25 30 20 40 In d ia n a p o lis G a s..........50 flC on s F ir e w ’k s c o m .1 0 0 71 70 1 st 5s 1 9 5 ............ ................................................................................. ........ 60 H P r e f e r r e d .............................1 0 0 — g ..............2........... A-O $ 99 103 i B u y e r p a y s a c c r ’ d in t. t P r ic e p e r sh, 4S ale p rice , $100 12 0 110 P r e f e r r e d ................................... 5 0 103 125 140 108 B o n d & M t g G u a r _____ 1 0 0 Industrial and M is c e i B id A sk 58 58 ) 2 P r e fe r r e d ............. 12 > 9 27 D e b e n tu re 4s 195 30 8 C on s S tora g e Batte 11 E x c h list C orn P rod R e f See 18 24 C ram ps' SJj <&En B1 HC ru cib le S te e l___ 12 hi f3 H P reterreu ........... )| 78 78 8j 101 104 C u b a n 6s o f 1 8 9 6 .. 124 126 4 38? 6 D ou gla s C opp er 25 13 E le c tr ic B o a t___ ) 60 70 P r e f e r r e d ......... 12 1 10 17 )l 14 8 ) 4 E m p ire S teel. 40 > 36 ] P r e fe r r e d . . . > 43 1 46 78 81 P re fe r r e d 75 79 1 P re f e r r e d ......... 1 10382 105 t G old H i ll C op p er 28 t 2 4 8 25 t 28 28 f 2 G re e n e G o ld -S ilv e r ....] 28 275 280 G u g g e n h e im E x p lo ’ n .H H a c k e n s a c k W a te r Co $ 22 94 R e f g 4s 52 op 1 2 . . . J 98 H a ll S ig n a l C o ........... 1( | 92 19 20 24 37 P r e fe r r e d ................... 66 70 1st g 5s J u n e 1 ’ 22. H e ck er-J on es-J e w ’ l 106 no 25 35 200 H5s 1 9 1 0 ...................M -N $101 9 10 H o u s to n O i l ............... 438* 45 P r e f e r r e d ................. 125 135 H u d so n R e a lty .......... 8 7 8 95 In g e r s o ll-R a n d pref. . . . . . . 150 10 11 28 P r e fe r r e d . 28*4 78 788 «34 35 65 69 1 st g 5s 1 9 5 1 ........... A 5 10 n te rn a tio n a l S ilv e r . 1( 48 53 P r e fe r r e d ................. 1< $107 109 70 75 L a ck a w a n n a S te e l... \ 1434 1 5 8 188 .......... HLeh & W ilk e s b ........* 1 2 4 ' 130 L o rd & T a y lo r ... 100 L03 P r e f e r r e d ......... 130 155 74 748 7 2 3 73 4 P re fe rre d 15 25 75 2d 6s 1 9 1 9 ............... M -N 58? 7 t 234 3 13 17 M in e S e c u r itie s . t 3ie 8 43* M itch eU M illin g . t 48 t ......... 88 P r e fe r r e d ................. . t 2 2 8 23 M o n t < B o sto n C on sol .5 t fe ** 30 100 105 103 112 135 145 N e v a d a C o n s’ d C op p er.5 t 18 188 35 42 38 1028 200 N Y M tg e & S e c u r ity . 100 190 35 40 80 83 t 58 534 125 3 H O ntario S H v e r ......... 38 60 54 O tis E le v a to r c o m ___ 97 100 P r e f e r r e d .................. 48 P h o e n ix S e c u r it ie s ... 4*8 t 308 30 8 P r e fe r r e d ................. ... 50 t 49 P itt s b u r g C oal See S tock E x c h List' 434 4^ P o p e M a n u fa c tu r in g . 100 65 75 1 st p r e fe r r e d ............100 1 6 8 20 2d p r e fe r r e d ............ 100 102 107 155 165 107 109 285 310 S en eca M i n i n g ................... t 55 S in g e r M fg C o ............. 100 500 510 S ou th ern S teel— 94 1 st 8 f g os 1930 o p t M -N $ 92 45 50 120 P r e f e r r e d .................. 130 8 10 S tan d ard M illin g Co. 28 32 P r e fe r r e d ....................100 79 81 1 st 5s 1 9 3 0 ..............M -N 615 S tan d ard Oil o f N J ..1 0 0 613 S w ift & Co See B o s to n St k E x c h’ ge 106 1 st 5s 1 9 1 0 -1 9 1 4 ...J -J $102 46 T e n n e s s e e C o p p e r........25 f 45 7 7 8 90 H Texas & P a c ific C oal 100 no 1st 6s 1 9 0 8 ................A -O $105 185 T itle I n s C o o f N Y .. 1 0 0 180 T o n a p a h M m (N e v a d a ). 1 t 18 188 158 178 T ren t-on P otteries com lO o 95 105 P re fe rre d n e w ____100 45 55 T r o w D ir e c to r y n e w .. l3 ^ U n ion C o p p e r. .............. 10 r i 8 93 97 U n io n T y p e w r c o m .. 100 121 1 st p r e fe r r e d .............100 118 118 2d p r e fe r r e d ............. 122 50 U n ite d B k N o t e C o r p ..50 t 46 52 P r e fe r r e d ................. 50 t 50 U n ite d C ig a r M fg ., p f.1 0 0 9 6 8 97 63 8 64 U n ite d C o p p e r.............. 100 90 96 P r e f e r r e d ....................100 U. S. C a s u a lty ..............10U 200 20 U S E n v e lo p e c o m ... 100 89 HP r e fe r r e d ..................l o o 92 U S R u b 2d p f See S tock E x c h List U S S teel C o r p o r a t io n C ol tr s f 5s ’ 51 o p t ’ l l .. $112 1128 C o lt r s f os ’ 51 n o t o p t .. $112 113 130 U S T it Gu<& In d e m .1 0 0 125 U ta h C opp er C o ........... 10 t «6 8 28 W e s tc h e s te r & B r o n x T itle & M o r t G u a r Co . 175 180 W es tin gh A ir B r a k e .. 50 1145 W e st E le c & M fg — C on s f 5s ’ 31 Op ’ 12 J -J $ 9 6 34 9 7 8 W h i t e K n o b M i n ................1 0 58 3 4 P r e fe r r e d ....................... 10 28 28 W o rth in g P u m p p r e f. 100 115 120 a E x -rig h ts. a E x -d iv . I N e w stock . HSells on S t’ k E x c h ., b u t n o t a v e r y a c tiv e aeou rity. A ug . 18 1906. ] T H E C H R O N IC L E 373 Investm ent and Railroad Intelligence. R A I L R O A D G R O S S E A R N I N G S . The following table shows the gross earnings of every ST E A M railroad from which regular w eekly or m onthly returns can be obtained. The first tw o colum ns of figures give the gross earnings for the latest week or m on th , and the last tw o columns the earnings for the period from July 1 to and including such latest week or m onth. We add a supplem entary statem ent to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers som e other period. T h e r e t u r n s o j th e s t r e e t r a i l w a y s a r e b r o u g h t t o g e t h e r s e p a r a t e l y o n a s u b s e q u e n t p a g e . Latest Gross E arn ings. W eek or M onth . J u l y 1 to Latest D ate. Current Y ear. Ala N O & Texas P a c i f i c . N O & N East _ J u l y _____ Ala & Vicksb'g J u l y _____ Yicksb Sh < P . 'J u ly '_____ fe Atch Top & S Fe J u n e _____ Atlanta & Char.. A pril_____ Atlantic & Birin. M a y _____ Atl Coast L in e.. J u n e _____ Balt k Ohio____ J u l y _____ Bangor & Aroost J u n e _____ Beliefonte Central J u l y .......... Bridget k Saco R J u n e _____ Buff Koch Pitts 1st wk Aug Buffalo & S usq _ May ., Cal Northwestern J u n e _____ Canadian North 2d wk Aug Canadian Pacific. 1st wk Aug Cent’l of Georgia. 1st wk Aug Cent 3 of N Jersey May -------Chat tan Southern 1st wk Aug Chesap k Ohio.. J u n e _____ Chesterfd k Lane M a y .......... Chic & Alton Ry_ M a y _____ Chic Gt Western. 1st wk Aug Chic lnd k Louisv 1st wk Aug Chic Milw k St P_ May -------Chic k North W _ J u n e _____ Chic St P M & O. J u n e _____ Chic Term Tr RR 1st wk Aug Colorado Midland May — h Col & South Sys 1st wk Aug Col Newb k Lau. J u n e... Copper Range___ May Cornwall_________ June... Cornwall & Leb__ J u n e_____ Denver k Rio Gr. 1st wk Aug Det k Mackinac. 1st wk Aug Det Tol k I t Sys. 1st wk Aug Dul RL & Winnip J u n e _____ Dul So Sh k A tl. 1st wk Aug E rie _______________ May Fairchild & N E_ Jun e... Fon Johnst k Gl. J une... Georgia R R _____ June______ Gr Trunk System 1st wk Aug Gr Trunk West 4thwk July Det Gr H k Mil 4thwk July Canada Atlan. 4thwk July Great Northern.. J u l y -------Montana Cental J u l y .......... Total system. _ J u l y .......... Gulf & Shi pIsland 1st wk Aug Hocking Valley.. J u n e _____ Illinois Central.. J u l y -------Illinois Southern. J u n e _____ Int k Gt North'n 1st wk Aug a Interoc (Mex)._ 1st wk Aug Iowa Central____ 1st wk Aug Kanawha k Mich J u n e .......... Kan City South/n J u n e _____ Lehigh Valley___ M a y _____ Lexing k Eastern J u n e _____ Long Island_____ J u n e _____ Louisiana & Ark. June______ Louisv k Nashv. 1st wk Aug Macon k Birm___ J u l y -------Manis k No East. May______ Manistique______ J u l y _____ Maryland k Penn J u n e _____ a Mexican CentT. April_____ a Mexican Intern 1st wk Aug a M' xican Ry_ 4thwk July _ a Mexican South. 4thwk July Milien k Southw. February . Mineral Range___ ,1st wk Aug Mini eap & St L_ 1st wk Aug M St P k S St M . 1st wk Aug Mo Kan k Texas. 1st wk Aug Mo Pac k Iron Mt 1 2d wk Aug Central Branch 2d wk Aug Total_____ 2d wk Aug b Mob Jack k K C May . N ash Ch & St L _ _ J u n e _____ Nat RR of B i e r - 1st wk Aug Hidalgo k N E 1st wk Aug Nevada Central J u n e _____ N ev-Cal-Oregon _ J u l y .......... N Y Ont k West. J u n e _____ N Y Susq k West M a y _____ Norfolk k West'n J u n e _____ Northern Central June........... P reviou s Y ea r. $ Roads. $ 2 5 5 .1 4 0 1 0 8 ,9 8 5 1 2 0 .4 3 0 6 , 4 4 7 ,4 7 3 3 0 6 ,5 4 3 1 1 0 ,8 0 5 2 .1 5 2 .9 0 S 6 ,5 4 4 ,8 4 6 2 1 6 ,5 1 6 3 ,7 7 5 4 ,6 7 5 1 5 1 ,0 5 5 1 1 0 ,9 6 3 1 3 5 ,2 2 2 1 4 3 .5 0 0 1 ,3 9 9 ,0 0 0 2 1 5 .5 0 0 1 ,7 3 6 ,2 6 4 3 ,0 1 9 2 ,1 9 6 ,5 5 5 2 ,8 7 2 8 2 2 ,1 2 1 1 6 2 ,7 5 1 1 2 1 ,0 0 4 4 ,3 4 0 , 2 4 3 5 ,7 9 7 , 2 2 3 1 , 0 8 4 ,1 7 0 3 2 .3 5 4 1 8 0 .4 3 1 2 4 6 .5 6 3 1 7 ,1 7 5 5 2 ,9 8 3 1 7 ,5 7 2 3 3 ,6 6 7 3 8 9 ,2 0 0 2 4 ,7 6 1 8 2 ,7 9 5 2 0 .3 5 4 5 8 ,2 3 7 4 ,1 0 2 ,4 3 4 1 ,6 7 3 8 4 ,7 6 8 1 9 9 .1 4 1 8 6 9 ,0 3 7 1 4 4 .5 6 4 6 0 ,3 6 8 5 4 ,5 1 4 4 ,7 7 6 ,4 3 6 2 4 7 ,5 1 5 5 , 0 2 3 ,9 5 1 4 9 ,4 6 4 5 3 1 ,8 8 6 4 ,3 6 6 , 6 2 2 2 4 ,4 5 5 1 0 1 ,6 0 0 1 2 1 ,3 6 0 5 2 ,7 3 0 1 9 1 ,8 9 2 6 6 1 ,9 8 0 2 , 4 1 8 ,3 3 5 4 7 ,4 4 9 I n c . 168 1 0 1 ,0 6 2 8 5 7 ,2 5 0 1 1 ,7 6 5 4 0 ,3 0 4 1 3 ,0 3 6 2 7 ,6 8 8 2 ,5 0 0 ,3 7 2 1 4 0 ,6 2 7 1 6 9 ,8 0 0 3 1 ,2 5 4 8 ,1 3 3 1 4 ,3 7 3 7 1 ,7 0 6 2 2 3 ,8 1 3 3 7 5 .4 1 2 9 1 9 .0 0 0 3 1 ,0 0 0 9 5 0 .0 0 0 1 0 6 ,1 3 3 1 ,1 2 8 ,5 1 9 2 6 6 ,8 2 4 2 0 ,0 8 7 6 ,8 1 1 2 1 ,6 2 7 7 0 2 ,4 7 3 2 0 4 ,4 2 7 2 ,4 7 8 0 4 3 1 .0 4 1 ,1 0 2 2 3 0 ,5 2 8 1 0 2 ,3 9 1 1 0 1 ,2 1 3 5 ,8 8 0 , 6 0 2 2 9 3 .6 8 0 8 1 ,5 4 6 2 ,0 3 2 , 7 1 7 5 ,7 6 8 ,8 2 9 1 9 1 ,9 1 6 4 ,1 7 6 5 ,9 1 4 1 8 2 .1 2 3 1 0 4 ,3 4 8 1 4 9 ,5 1 6 7 6 ,7 0 0 1 ,0 7 0 , 0 0 0 1 9 0 .0 0 0 2 ,1 1 3 ,2 9 2 2 ,7 5 6 1 , 8 4 6 ,5 5 5 2 ,6 7 0 8 5 2 ,2 8 2 1 4 5 ,0 6 5 1 2 0 ,4 3 8 3 ,9 0 0 , 5 5 4 5 ,0 4 4 ,8 1 6 9 8 9 ,9 4 6 3 3 ,0 2 3 1 6 4 ,6 9 7 2 1 9 ,4 9 2 1 6 ,0 4 0 5 8 ,0 7 9 1 7 ,8 0 3 3 7 ,5 6 6 3 6 8 ,4 0 0 1 9 ,6 7 9 7 2 ,5 3 3 1 1 ,2 3 5 6 1 ,5 9 6 4 ,1 3 5 , 1 0 8 2 ,0 3 5 5 7 ,7 3 2 1 9 1 .6 8 1 7 6 7 ,3 0 7 1 2 5 ,8 6 2 4 2 ,3 0 4 5 2 ,2 0 8 3 ,6 9 4 ,3 2 9 2 0 0 ,8 3 1 3 ,8 9 5 ,1 6 0 3 8 ,8 6 1 5 2 7 ,6 7 2 3 ,7 4 8 , 9 9 9 2 6 .4 3 2 9 3 ,1 0 0 1 1 9 ,6 7 5 5 0 ,6 5 9 1 5 0 ,8 7 5 5 7 3 ,9 2 8 2 ,7 8 1 ,7 3 1 4 4 ,3 1 5 2 5 8 ,1 4 0 1 0 8 ,9 8 5 1 2 0 ,4 3 0 7 8 ,0 4 4 .3 4 2 3 ,4 1 7 ,9 3 3 1 , 0 2 5 ,8 1 4 2 4 ,8 6 8 ,4 4 5 6 ,5 4 4 ,8 4 6 2 ,4 9 6 , 7 8 8 3 ,7 7 5 4 7 ,5 6 9 7 0 9 ,7 6 1 ,4 1 7 ,1 9 6 1 ,6 0 7 .6 3 5 8 7 3 ,2 0 0 7 ,2 8 1 ,0 0 0 1 ,1 7 2 ,3 1 6 2 1 ,8 8 3 ,8 8 8 1 9 ,8 0 1 2 4 ,6 0 2 ,9 8 6 3 5 ,6 3 7 1 0 , 6 7 4 ,5 3 5 8 8 2 ,6 4 4 6 1 9 ,3 2 1 5 0 ,6 4 9 ,3 2 0 6 3 * 4 8 1 ,5 7 5 1 2 ,9 4 3 .7 4 6 1 7 2 ,1 9 0 1 ,9 5 8 ,0 0 9 1 ,2 2 9 ,0 9 5 2 8 9 ,1 2 0 6 1 3 ,8 9 7 2 0 5 ,2 1 5 4 4 1 ,7 0 9 2 ,0 4 3 ,5 0 0 1 2 3 ,2 4 0 4 0 5 ,7 7 2 2 3 0 ,5 2 8 1 0 2 ,3 9 1 1 0 1 ,2 1 3 6 8 ,3 7 5 ,8 3 4 3 ,0 9 8 ,1 8 9 9 1 9 ,3 8 1 2 2 ,2 2 2 .9 0 1 5 ,7 6 S ,S 2 9 2 ,1 5 9 ,0 7 2 4 ,1 7 6 4 8 ,3 0 5 0 4 8 ,6 1 5 1 ,0 2 8 ,8 8 6 1 ,5 4 1 ,1 9 9 5 5 1 ,0 0 0 5 ,6 1 8 ,0 0 0 1 ,0 6 7 ,9 6 0 2 0 ,6 7 3 ,5 2 6 1 3 ,2 7 2 2 0 ,7 2 4 ,3 6 8 3 0 ,7 2 6 1 0 ,8 8 0 ,9 8 2 7 6 3 ,5 5 7 6 1 0 ,0 1 5 4 5 , 6 4 3 ,4 8 8 5 5 ,7 4 5 ,2 7 3 1 1 , 9 2 5 ,9 9 6 1 7 3 ,4 7 6 1 ,8 0 1 ,8 1 5 1 ,0 9 1 ,9 9 3 2 3 2 ,9 1 2 5 6 2 ,7 2 8 1 0 7 ,6 0 7 2 9 3 ,6 6 5 1 ,8 3 7 ,8 0 0 1 0 4 ,9 6 8 3 4 4 ,4 0 8 3 3 7 ,4 5 0 4 5 , 5 0 0 ,6 0 0 2 2 ,2 9 4 7 7 6 ,9 4 1 2 ,8 4 2 ,4 9 3 4 ,4 7 5 ,2 7 1 4 8 0 ,3 1 7 1 7 4 ,3 9 8 1 8 0 ,1 9 0 4 ,7 7 6 ,4 3 6 2 4 7 ,5 1 5 5 ,0 2 3 ,9 5 1 2 3 8 ,6 2 2 6 ,4 3 9 ,8 0 6 4 ,3 6 6 ,6 2 2 3 3 6 ,5 5 6 6 1 4 ,6 0 0 7 0 0 ,7 9 2 2 8 4 ,0 1 9 2 ,1 5 2 ,7 5 9 7 ,7 5 2 ,8 8 9 2 9 ,6 1 6 ,9 9 3 5 2 8 ,9 1 2 In c . 8 7 7 1 ,0 5 7 ,5 2 3 4 ,5 1 2 ,5 7 5 1 1 ,7 6 5 3 8 7 ,1 7 3 1 3 ,0 3 6 3 6 0 ,3 0 0 2 3 ,3 1 5 ,4 4 6 6 9 2 ,9 1 4 5 6 2 ,5 0 0 1 0 0 ,0 0 9 5 9 ,3 7 9 7 1 ,1 6 9 3 7 8 ,4 4 8 1 ,2 2 2 ,1 5 8 2 ,2 2 3 ,7 6 6 5 ,4 1 5 ,6 3 1 1 9 5 ,3 2 2 5 ,6 1 0 ,9 5 3 1 ,0 3 3 ,3 5 2 1 1 ,1 2 0 ,9 8 0 1 ,4 3 2 ,8 2 9 1 1 2 ,0 1 8 6 1 ,2 5 0 2 1 ,6 2 7 7 ,2 6 5 ,0 5 7 2 ,5 0 6 ,3 1 3 2 8 ,4 8 7 ,7 6 3 1 1 ,1 2 5 ,5 4 8 3 1 5 ,9 0 7 4 1 ,3 9 6 ,8 6 3 3 6 ,3 8 1 7 0 5 ,5 8 3 2 ,4 8 1 ,2 0 7 3 ,9 9 6 ,5 2 0 3 9 5 ,4 1 2 1 3 8 ,8 4 9 1 6 5 ,3 6 7 3 .6 9 4 .3 2 9 2 0 0 ,8 3 1 3 ,8 9 5 ,1 6 0 2 1 2 ,7 1 1 6 ,0 1 3 ,2 1 3 3 ,7 4 8 ,9 9 9 2 7 8 ,9 2 9 5 7 9 ,6 2 2 6 3 0 ,7 6 2 2 6 5 ,7 8 0 1 ,7 6 4 ,1 7 1 7 ,0 6 0 ,8 8 7 2 8 ,2 8 8 ,3 7 3 4 6 9 ,4 8 6 ,3 4 8 8 4 4 ,5 3 4 4 ,0 5 8 ,6 2 2 1 1 ,9 1 9 3 9 3 ,7 2 8 1 2 ,3 7 8 3 2 3 ,5 7 1 2 1 ,4 1 8 ,2 3 8 6 1 3 ,5 2 0 5 1 7 ,5 0 0 1 0 2 ,0 5 4 5 2 ,5 2 1 7 3 ,6 4 2 3 6 8 ,5 4 8 9 2 1 ,6 5 4 1 ,9 4 5 ,6 0 2 4 ,8 8 4 ,7 7 8 2 6 5 ,3 1 3 5 ,1 5 0 ,0 9 1 6 2 7 ,7 4 5 1 0 ,1 1 3 ,0 5 3 1 .2 0 8 .3 3 0 ,211 7 9 ,0 0 1 7 5 0 ,6 4 0 1 1 ,9 1 9 3 9 ,9 5 9 1 2 ,3 7 8 2 6 ,0 8 8 2 7 0 ,2 4 0 1 0 4 ,8 6 9 1 5 8 .0 0 0 3 4 ,3 2 2 6 ,0 1 5 1 4 ,0 8 3 7 1 ,3 8 8 1 7 5 ,1 0 7 3 1 8 ,8 7 1 7 7 5 .0 0 0 4 9 ,0 0 0 8 2 4 .0 0 0 5 8 ,5 2 2 8 3 0 ,6 1 0 2 2 6 .1 2 3 3 ,6 4 6 2 0 ,3 0 6 6 7 4 ,1 6 4 2 4 5 ,6 6 3 ,1 6 8 ,8 4 2 9 3 3 ,7 0 2 Current Y ea r Latest Gross E arn in gs. 3 5 ,6 5 9 2 0 ,3 0 6 7 ,0 9 0 ,8 8 9 2 ,4 8 5 ,7 0 5 2 4 ,0 8 9 ,2 5 7 1 0 ,4 0 5 ,9 4 8 W eek or M onth . Roads. P reviou s Y ea r. Current Y ea r. N Y C k H u d R i v J u l y .......... L S k M 8 _____ J u l y .......... L a k e E & W e s t J u l y .......... C h i c I n d & S o u I J u l y _____ M i c h C e n t r a l . _ J u l y .......... C C C k S t L . . J u l y _____ P e o k E a s t e r n . J u l y .......... C in N o r t h e r n . . J u l y .......... P i t t s k L a k e E J u l y .......... R u t l a n d -------J u l y .......... N Y C h i c & S t L J u l y -------N o r t h e r n P a c i f i c . J u l y .......... O h i o R i v k W e s t February . P a c i f i c C o a s t C o . _ M a y -------d P e n n - E a s t P & E J u n e _____ d W e s t P k E _ _ J u n e _____ P h ila B a l t k W 's h J u n e _____ P l i i l a k E r i e -------- J u n e _____ P i t t s b C C k S t L J u n e _____ R a l e i g h & S ’ p o r t . J u n e .......... R e a d i n g R a i l w a y M a y _____ C o a l k I r o n C o M a y -------T o t a l b o t h c o s . M a y -------R i c h F r 'k s b & P _ M a y _____ R i o G r a n d e J c t _ _ M a y _____ R i o G r a n d e S o u t h 1st wk Aug R o c k I s l a n d S y s . J u n e .......... S t J o s k G r I s l ___ May .......... e S t L & S a n F r a n J u n e _____ S t L S o u t h w e s t . . 1st wk Aug S e a b o a r d A i r L in e M a y _____ S ie r r a R a i l w a y . . J u n e _____ S o u t h e r n I n d i a n a J u l y _____ c S o P a c i f i c C o ___ February . S o u t h e r n R y k ___ 1st wk Aug M o b i l e k O h i o . 1st wk Aug C in N ,0 k T e x P 4th wk July A l a G r e a t S o u . 4th wk July G a S o u t h k F la J u l y -------T e x a s C e n t r a l ___ 1st wk Aug T e x a s k P a c i f i c . . 1st wk Aug T e x S V & N W _ _ February . T i d e w a t e r & W e s t J u n e _____ T o l k O h i o C e n t . J u n e _____ T o l P e o & W e s t . . 1st wk Aug T o l S t L & W e s t . 1st wk Aug T o m b i g b e e V a l l e y M a y _____ T o r H a m k B u f f . J u l y .......... U n P a c i f i c S y s t e m M a y .......... V i r g i n i a & S o W 'n J u l y .......... W a b a s h ___________ 1st wk Aug W e s t e r n M a r y l a n d 1st wk Aug W e s t J e r s e y k S 'e J u n e _____ W h e e l i n g & L E . 1st wk Aug W T n s p o r t & N B r M a y _____ W i s c o n s i n C e n t r a l M a y _____ W r i g h t s & T e n n . M a y _____ Y a z o o & M is s V a l J u l y .......... J u ly 1 to Latest D ate. P reviou s Year. 7 ,7 2 9 ,2 2 2 3 ,5 8 4 ,4 3 1 4 3 3 ,2 3 9 1 6 6 ,0 7 8 2 ,1 1 8 ,9 7 1 2 ,1 4 3 ,3 6 4 2 4 4 ,6 3 7 8 8 ,3 5 3 1 , 3 1 5 ,7 7 3 2 4 9 ,9 2 3 8 0 8 ,7 2 2 5 ,5 3 4 ,3 5 3 1 6 ,2 3 1 4 5 8 ,3 4 8 1 2 360 787 In c.IS 1 ,3 6 4 ,4 1 7 7 4 0 ,5 4 1 2 ,4 4 2 ,8 4 9 5 ,6 9 5 3 ,2 8 9 ,0 5 2 2 ,7 7 3 ,7 8 3 6 ,0 6 2 ,8 3 5 2 0 8 ,2 6 7 5 8 ,8 1 8 1 1 ,0 0 8 4 ,1 7 5 ,3 1 7 1 2 4 ,2 6 6 3 ,3 4 8 ,8 1 8 1 7 7 ,2 3 5 1 ,2 9 6 ,7 2 6 3 6 ,3 7 7 1 1 3 ,5 2 6 8 ,0 0 1 ,8 4 4 9 8 3 ,1 6 9 1 6 2 ,9 8 4 2 7 8 ,4 9 1 1 2 9 ,9 3 6 1 5 8 ,1 9 7 1 6 ,2 4 5 2 0 3 ,6 1 5 1 3 ,0 0 0 8 ,3 9 1 3 2 0 ,0 3 5 1 8 ,6 8 8 7 8 ,5 9 8 5 ,5 6 0 6 2 ,3 5 7 6 6 6 ,9 3 1 8 4 ,6 5 8 5 6 6 ,4 0 9 1 0 6 ,0 9 0 5 0 1 ,1 2 4 1 1 3 ,2 4 7 1 2 ,8 6 8 6 0 2 ,4 0 3 1 2 ,7 0 3 6 0 6 ,7 6 6 7 ,1 3 5 ,2 9 8 3 , 1 0 4 ,2 0 4 3 7 1 ,7 7 5 1 6 7 ,6 7 7 1 ,8 7 0 , 6 9 2 1 ,8 9 0 ,9 1 2 2 1 3 ,8 9 2 7 0 ,9 3 0 1 ,0 6 9 , 5 7 4 2 3 0 ,4 2 2 6 6 8 ,8 2 8 4 ,5 6 8 ,8 9 6 1 2 ,3 4 2 5 2 3 ,5 1 6 11408 087 9 ,6 0 0 1 ,2 6 5 ,9 1 7 7 5 1 ,8 0 3 2 ,2 4 1 ,3 4 2 4 ,3 7 4 3 ,5 5 0 ,4 7 7 3 ,6 4 2 ,0 4 8 7 ,1 9 2 ,5 2 5 2 0 0 ,7 1 0 5 4 ,4 5 7 1 0 ,7 9 9 3 ,7 6 2 ,4 1 2 1 1 6 ,2 6 5 3 ,0 6 2 ,1 3 7 1 5 3 ,1 6 8 1 ,2 2 1 ,5 9 4 3 1 ,9 5 8 1 0 6 ,2 9 8 6 ,5 8 1 ,9 9 8 9 1 5 ,2 6 2 1 4 6 ,7 5 2 2 4 1 ,3 0 1 1 0 9 ,4 1 8 1 4 8 ,2 7 0 1 3 ,8 0 8 1 3 5 ,5 3 5 8 ,7 0 0 6 ,9 3 1 3 1 7 ,6 3 9 2 1 ,8 0 1 7 6 ,9 2 5 3 ,7 9 7 5 5 ,0 3 7 7 1 6 ,8 7 0 7 4 ,0 0 6 4 8 8 ,5 2 9 9 5 ,4 3 7 4 1 7 ,6 2 4 9 7 ,4 4 0 1 4 ,9 0 8 5 9 4 ,8 9 9 1 2 ,5 3 1 5 2 8 ,6 3 6 Atlanta k Chari Air Line____ M c h Beliefonte Central___________ J a n a Interoceanic of Mexico_____ J a n Manistee & North Eastern___ J a n Manistique___________________ J a n a Mexican International— ___ J a n a Mexican Railway__________ J a n a Mexican Southern_________ J a n National RR of Mexico______ J a n New York Central___________ J a n Lake Shore k Mich South. _ J a n Lake Erie k W estern______ l Chicago lnd k Southern. _ J a n Michigan Central__________ J a n Clev Cin Chic k St Louis___ J a n Peoria & Eastern............. .. J a n Cincinnati Northern______ J a n Pittsburgh k Lake Erie___ J a n Rutland___________ ______ Jan N Y Chicago & St Louis___ J a n Northern Central..................... J a n d Penn— East of Pitts & E ___ iJ a n d West of Pitts & E ________ J a n Phila Baltimore k W ash_____ J a n Philadelphia k Erie__________ J a n Pitts Cin Chic & St Louis____ J a n Rio Grande Jet_______________ D e c Texas k Pacific______________ J a n West Jersey & Seashore_____ J a n 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 to to to to to to to to to to to to to to to to to to to to to to to to to to to to to Apr J u ly Au g M ay J u ly Aug J u ly J u ly Aug J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly J u ly June June June June June June M ay Aug June P reviou s Y ear. 7 729 222 3 [5 8 4 4 3 1 4 3 3 ,2 3 9 1 6 6 ,0 7 8 2 ,1 1 8 .9 7 1 2 ,1 4 3 .3 6 4 2 4 4 ,6 3 7 8 8 ,3 5 3 1 ,3 1 5 ,7 7 3 2 4 9 ,9 2 3 8 0 8 ,7 2 2 5 ,5 3 4 ,3 5 3 1 5 5 ,8 2 4 5 ,8 2 0 ,5 6 5 1 4 2 3 1 7 467 /n c .9 ,1 4 1 5 , 1 9 7 ,3 4 9 8 ,2 9 7 ,5 7 8 2 8 ,3 6 1 ,7 7 1 6 4 ,2 8 2 3 6 ,9 5 9 ,1 1 7 3 0 ,7 6 9 ,3 0 0 6 7 , 7 2 8 ,4 1 7 1 ,5 8 5 ,4 9 6 6 1 3 ,3 8 1 5 9 ,1 5 7 5 1 ,2 3 7 ,8 5 4 1 ,4 0 7 ,6 6 7 4 1 ,9 7 5 ,2 1 7 9 0 9 ,9 7 9 1 3 ,8 9 8 ,1 2 6 7 ,1 3 5 ,2 9 8 3 ,1 0 4 ,2 0 4 3 7 1 ,7 7 5 1 6 7 ,6 7 7 1 ,8 7 0 ,6 9 2 1 ,8 9 0 ,9 1 2 2 1 3 ,8 9 2 7 0 ,9 3 0 1 ,0 6 9 ,5 7 4 2 3 0 ,4 2 2 6 6 8 ,8 2 8 4 ,5 6 8 ,8 9 6 1 3 5 ,1 5 9 5 ,5 8 0 , 1 1 9 123424367 8 ,3 0 0 1 4 ,1 0 0 ,7 4 9 7 ,8 5 2 ,7 3 8 2 5 ,0 2 9 ,3 7 0 4 9 ,6 3 7 3 4 ,0 0 4 ,1 5 5 3 3 ,3 6 3 ,7 1 6 6 7 ,3 6 7 ,8 7 1 1 ,4 2 6 ,4 1 9 5 2 3 ,7 5 3 5 3 ,4 8 1 4 -4 ,0 5 1 ,5 0 7 1 .1 7 2 , 4 7 2 3 8 ,3 8 1 .6 1 5 8 2 3 ,3 4 9 1 2 .4 3 9 ,4 0 7 1 0 6 ,2 9 8 1 1 3 ,5 2 6 6 9 , 7 8 6 ,1 5 7 6 3 , 2 4 0 , 9 9 2 5 ,4 1 9 ,5 2 7 4 ,9 3 8 ,2 1 5 8 5 0 ,1 8 7 9 6 9 ,3 3 5 6 1 3 ,3 8 6 7 5 3 ,1 7 3 2 9 1 ,7 7 9 3 2 3 ,7 6 8 1 4 8 ,2 7 0 1 5 8 ,1 9 7 8 3 ,9 4 4 7 6 ,5 7 6 9 5 7 ,9 1 4 1 ,1 9 5 ,2 5 0 9 1 ,1 2 7 4 ,0 7 2 ,1 5 9 1 1 8 ,3 2 4 4 7 4 ,4 0 9 8 8 ,1 8 9 3 ,7 6 6 .6 4 8 1 2 3 ,0 0 5 4 6 3 ,0 7 9 5 5 ,0 3 7 6 2 ,3 5 7 6 1 ,7 7 4 ,2 6 0 5 4 ,1 0 5 ,1 8 8 8 4 ,6 5 8 7 4 ,0 0 6 2 ,9 9 7 ,9 5 6 2 ,4 1 1 ,3 9 3 4 7 5 ,6 3 8 5 6 5 ,4 6 5 4 ,3 6 4 .4 5 8 5 ,0 1 3 ,8 5 8 5 2 0 ,7 6 4 5 1 9 ,6 4 4 1 5 4 ,8 0 7 1 6 1 ,1 8 9 6 ,0 8 5 ,1 1 9 6 ,5 0 6 ,6 9 8 1 7 8 ,4 8 4 1 9 1 ,8 9 8 5 2 8 ,6 3 6 6 0 6 ,7 6 6 Current Y ea r. P eriod . V a riou s F isca l Y ears. Current Y ea r 30 31 7 31 31 7 31 31 7 31 31 31 31 31 31 31 31 31 31 31 30 30 30 30 30 30 31 7 30 P rev iou s Y ea r. $ 6 8 6 ,4 6 4 3 1 ,7 6 9 4 ,1 9 9 ,2 8 2 2 0 9 ,4 6 3 6 4 ,1 9 3 4 .7 3 0 .4 4 4 4 ,0 5 9 ,5 0 0 7 3 1 ,8 3 0 8 ,8 2 6 ,7 5 4 5 0 ,6 0 8 ,4 4 6 2 4 ,1 9 1 ,5 2 7 2 ,9 5 8 ,6 1 8 1 ,3 1 2 ,3 4 1 1 4 ,7 3 8 ,1 1 3 1 3 ,5 0 5 ,8 8 2 1 ,7 0 6 ,1 9 3 5 6 4 ,1 1 4 8 ,3 6 2 ,9 2 9 1 ,5 1 7 ,7 9 1 5 ,6 9 4 ,7 2 1 5 ,4 7 5 ,7 9 4 6 9 ,8 2 6 ,8 4 9 $ 6 5 3 ,9 3 0 3 3 ,6 5 6 3 ,8 6 2 ,4 7 7 1 9 7 ,5 3 7 5 3 ,9 7 3 3 ,8 5 6 ,0 0 1 3 ,6 4 8 .6 0 0 7 1 9 ,9 4 6 7 ,3 1 8 ,6 7 5 4 6 , 3 2 4 ,8 6 1 21 , $ 7 1 ,1 4 8 2 ,6 6 * ,1 4 6 1 ,2 0 * ^ 5 0 1 2 ,5 9 ? J 5 1 1 2 ,1 2 1 3 ^ 5 1 ,5 2 C ,7 9 6 4 5 0 .5 7 9 7 .1 2 2 ,8 6 6 1 ,3 7 2 ,7 1 4 5 ,0 1 1 .7 3 8 4 ,9 9 6 ,0 9 4 6 1 ,9 7 4 ,8 4 9 8 ,4 0 0 7 .0 7 0 ,0 1 1 3 ,6 4 5 ,0 9 3 1 2 , 5 3 8 ,9 2 5 2 6 0 ,0 3 4 6 ,6 0 3 ,8 9 8 1 ,8 3 2 .2 5 2 In c A A 0 7 ,5 1 3 .4 1 1 3 ,6 6 5 ,9 2 2 1 4 ,1 5 2 ,5 5 9 3 0 5 ,0 3 6 7 ,7 6 7 ,5 5 3 2 .1 7 0 ,6 5 2 A G G R E G A T E S OF GROSS E A R N IN G S — W eek ly and M onthly. M o n th ly S u m m a rie s. 1st week 2nd week 3rd week 4th week 1st week 2nd week 3rd week 4th week 1st week June June June June July July July July Aug (40 (41 (42 (41 (43 (43 (43 (40 (41 roads).. roads).. roads).. roads).. roads).. roads).. road3).. roads). _ roads).- C u r ’n t Y e a r P r e v . S 8,709,804 8,929,516 9.439,080 12,852,048 8,716,922 9,389,117 9,604,318 13,517,452 9,432.008 Y ea r $ 7,652,380 8,001,313 8,270,746 11,068,031 7,781,628 8,307,903 8,516,303 11,801,208 8,168,670 In c. or D ec. % + 1,057,424 + 928,203 + 1,168,334 + 1,784,017 + 935.294 + 1,081,214 + 1,12-4,015 + 1,716,244 + 1,263,338 % 13.82 11.60 14.13 16.12 12.02 13.01 13.11 14.54 15.46 M o n th ly S u m m a r ie s . Month Month Month Month Month Month Month Month M on th Nov Dec Jan Feb Mch Apr May June July 1905 1905 1906 1906 1906 1906 1906 1906 1906 (115 (113 (117 (118 (110 (111 (124 (67 (68 C u r’nt Y ea r P rev. rds) rds) rds) rds) rds) rds) rds) rds) rds) 8 165,977,137 159,312,944 152,980,485 142,656,542 159,258,890 136,685,537 152,183,742 72,708,902 81,578,288 Y ea r $ 150,405,695 142,053,423 126,555,852 112,895,257 143,978,440 128,005,775 138,557,872 64,205,232 71,186,181 I n c . o r D ec . % 8 + 15.571,442 + 17,259,521 + 26,424.633 + 29,761.285 + 15,280.450 + 8,079,762 + 13,625,870 + 8,503,670 + 10.392,107 10.35 12.15 20.88 26.36 10.61 6.78 9.S3 13.24 14.60 a M e x i c a n c u r r e n c y , b I n c l u d e s e a r n i n g s o f G u l f & C h i c a g o D i v i s i o n , c I n c l u d e s t h e H o u s t o n k T e x a s C e n t r a l a n d it s s u b s i d i a r y lin e s in b o t h years, d C o v e r s lin e s d i r e c t l y o p e r a t e d , e I n c l u d e s t h e C h i c a g o <fe E a s t e r n I l l in o is in b o t h y e a r s , h I n c l u d e s e a r n in g s o f C o l . k S o u t h . , F t . W o r t h <fe D e n v e r C i t y a n d a ll a f f i l i a t e d li n e s , e x c e p t i n g T r i n i t y k B r a z o s V a l l e y R R . k A t l a n t a K n o x v i l l e & N o r t h e r n i n c l u d e d in b o t h y e a r s s in c e A p r il 1; it h a d p r e v i o u s l y b e e n i n c l u d e d in 1 9 0 5 s i n c e J a n . 1; e a r n i n g s o f T r a n s y l v a n i a R a i l r o a d i n c l u d e d f r o m J a n . 1 1 9 0 6 a n d o f E a s t D i v i s i o n o l T e n n e s s e e C e n tra l fr o m D e c . l j u 1 9 0 5 o n l y . I F i g u r e s p r i o r t o A p r il 10 _1 9 0 6 a r e . t h o s e o f _ t h e I n d i a n a I l l i n o i s k I o w a a n d l n d . H a r b . o f I n d i a n a , 374 L atest Gross Earnings by Weeks. - I n the table w h ich follow s we sum up separately the earnings for the first week o f Aug. The table covers 41 roads and shows 1 5 .4 6 % increase in the aggregate over the same week last year. F ir s t w eek o f A u g u s t. 1906. B uffa lo R o c h e ste r & P itts b u r g h C an ad ian N orthern _ C a n a d i a n P a c i f i c . . _________________ C e n t r a l o f G e o r g i a _______ _ _ _ C h a t t a n o o g a S o u t h e r n ___________ C hicago G reat W este rn . C hicago In d ia n a p o lis & L o u isv _ C hicago T erm in a l T r a n s fe r . C o lo r a d o & S o u th e r n (In clu d in g P o r t W o r t h & D e n v e r C i t y ___ D e n v e r & R i o G r a n d e . . _ - ___ D etroit & M a ck in ac D e t r o i t T o l e d o & I r o n t o n . ___ D u luth S o u th Sh ore & A t la n t ic , G r a n d T r u n k o f C a n a d a _______ 1 G rand T ru n k W estern , , _ I D etroit G r. Ila v e n & M ilw _. \ C a n a d a A tla n tic . . _J G u l f & S h i p I s la n d In tern a tio n a l & G reat N orthern Intero cea n ic of M ex ico I o w a C e n t r a l . _. . _ _ _____________ L o u isv ille & N a s h v ille M e x lc a n ln te r n ational M ineral R a n g e M in n e a p o lis & S t . L o u is M in n eap. S t. Paul & S . Ste. M _ M i s s o u r i K a n s a s & T e x a s _____ M isso u ri P acific & I ro n M t C en tral Branch M o b ile & O h io . _ N ational R R of M ex ico R io G rande Southern ___ S t . L ou is & S o u th w e s te r n Southern R a ilw a y ___ T e x a s C e n t r a l ___ _ . _____ ______ _ T e x a s P a cific _ _ T o l e d o P e o r i a & W e s t e r n ________ T o l e d o S t . L o u i s & W T s t e r n _____ e W abash . W e s t e r n M a r y l an d W h eelin g & L a k e E r ie , ________ T o t a l (41 r o a d s ) ________ N e t increase ( 1 5 . 4 6 % '' D ecrea se. In crea se. 1905. $ 3 1 ,0 7 3 $ $ 151 , 0 5 5 J2 5 , 9 0 0 1 , 3 9 9 J)00 2 1 5 ,5 0 0 3 ,0 1 9 1 6 2 .7 5 1 1 2 1 ,0 0 4 3 2 ,3 5 4 $ 1 8 2 ,1 2 8 7 9 ,2 0 0 1 ,0 7 0 ,0 0 0 1 9 0 ,0 0 0 2 ,7 5 6 145 ,065 1 2 0 ,4 3 8 3 3 ,0 2 3 4 0 ,7 0 0 3 2 9 ,0 0 0 2 5 ,5 0 0 263 1 7 ,6 8 6 566 .— • 2 4 6 ,5 6 3 3 8 9 ,2 0 0 24 ,7 6 1 8 2 ,7 9 5 5 8 ,2 3 7 2 1 9 ,4 9 2 3 6 8 ,4 0 0 19 , 6 7 9 7 2 i5 3 3 01 , 5 9 6 2 7 ,0 7 1 2 0 ,8 0 0 5 ,0 8 2 1 0 ,2 6 2 _______ 8 6 9 ,0 3 7 7 6 7 ,3 0 7 1 0 1 ,7 3 0 _______ _ ________ _____ ________ 669 B a l t i m o r e & O h l o - b _____J u l y 3 ,3 5 9 _____ 4 9 ,4 6 4 1 0 1 ,6 0 0 121 , 3 6 0 5 2 ,7 3 0 8 5 7 ,2 5 0 1 4 0 ,6 2 7 1 4 ,3 7 3 71 , 7 0 6 2 2 3 ,8 1 3 3 7 5 ,4 1 2 8 0 0 ,0 0 0 2 8 ,0 0 0 1 6 2 ,9 8 4 2 6 6 .8 2 4 1 1 ,0 0 8 1 7 7 ,2 3 5 9 8 3 ,1 6 9 1 6 ,2 4 5 2 0 3 ,6 1 5 1 8 ,6 8 8 8 5 ,7 2 0 5 6 9 ,6 7 2 1 0 6 ,0 9 0 1 1 3 ,2 4 7 3 8 ,8 6 1 9 3 ,1 0 0 1 19 , 6 7 5 5 0 ,6 5 9 7 5 0 ,6 4 0 1 0 4 ,8 6 9 1 4 ,0 8 3 71 , 3 8 8 1 7 5 ,1 0 7 3 1 8 ,8 7 1 661 , 0 0 0 3 6 ,0 0 0 1 4 6 ,7 5 2 2 2 6 ,1 2 3 1 0 ,7 9 9 1 5 3 ,1 6 8 9 1 5 ,2 6 2 1 3 ,8 0 8 1 3 5 ,5 3 5 2 1 ,8 0 1 7 8 ,3 3 2 5 0 8 ,3 4 3 9 5 ,4 3 7 9 7 ,4 4 0 1 0 ,6 0 3 8 ,5 0 0 1 .6 8 5 2 ,0 7 1 1 0 6 ,6 1 0 3 5 ,7 5 8 290 318 4 8 ,7 0 6 5 6 ,5 4 1 1 3 9 ,0 0 0 9 ,4 3 2 ,0 0 8 8 ,1 6 8 ,6 7 0 1 ,3 0 9 ,5 5 2 1 ,2 6 3 ,3 3 8 8 ,6 6 6 1 6 ,2 3 2 4 0 ,7 0 1 209 2 4 ,0 6 7 6 7 ,9 0 7 2 ,4 3 7 6 8 ,0 8 0 3 ,1 1 3 7 ,3 8 8 6 1 ,3 2 9 1 0 ,6 5 3 1 5 ,8 0 7 4 6 ,2 1 4 862 1 0 ,0 1 3 B rid geton & S a co R i v _ b June J u ly 1 t o J u n e 30 4 ,6 7 5 4 7 ,5 6 9 5 ,9 1 4 4 8 ,3 0 5 2 ,0 3 1 1 5 ,2 1 5 3 ,3 5 0 1 6 ,5 5 0 C e n t r a l G e o r g i a _ a __ _ - J u n e 8 4 9 ,2 5 9 J u l y 1 t o J u n e 3 0 ________ 1 1 , 3 9 6 , 1 2 2 7 5 0 ,9 5 6 1 0 ,1 3 5 ,0 5 5 2 0 1 ,5 3 4 3 ,1 6 0 ,9 1 0 2 2 4 ,0 0 5 2 ,7 1 7 ,0 8 9 4 1 9 ,1 8 1 8 8 0 ,8 5 5 1 ,6 7 0 ,2 8 3 1 9 4 ,9 6 1 4 1 5 ,3 4 3 9 7 3 ,4 2 1 d e f 9 5 ,9 7 2 d e f 3 2 ,384 1 6 1 ,7 4 4 d e f 2 9 ,4 8 7 d e f 3 6 ,4 6 5 1 9 ,7 8 6 3 3 ,6 6 7 4 4 1 ,7 0 9 37 5 6 6 2 9 3 ,6 6 5 1 8 .2 6 2 2 3 8 ,3 4 7 1 9 .7 7 7 1 3 1 ,8 3 0 C u m b e r la n d T & T C o_ b J u ly 4 4 5 ,0 8 1 Jan 1 to Ju ly 3 1 _ _ 3 ,0 8 0 ,8 1 9 3 7 5 ,7 2 9 2 ,6 2 0 ,5 4 3 1 5 8 ,2 7 6 1 ,0 9 7 ,5 8 6 1 3 5 ,7 8 8 9 6 9 ,5 9 0 2 ,9 0 3 ,1 4 9 5 ,3 7 3 ,7 5 4 1 1 ,4 7 2 ,9 1 5 9 8 1 ,1 1 9 2 ,3 6 1 ,4 4 1 5 ,3 0 2 ,5 7 9 1 ,5 7 3 ,2 2 5 2 ,8 9 1 ,4 7 0 6 ,1 2 4 ,0 0 5 3 4 9 ,5 3 5 6 6 3 ,8 5 1 1 ,3 8 9 ,8 2 1 3 8 5 ,1 7 9 6 6 0 ,3 0 0 1 ,3 1 9 ,9 3 6 8 6 ,6 9 1 2 3 3 ,2 8 0 5 1 0 ,8 4 0 1 7 9 ,6 8 9 3 0 2 ,2 8 3 5 4 3 ,5 0 0 6 6 ,0 2 5 1 2 8 ,8 2 5 3 0 2 ,1 2 4 7 1 ,1 5 8 1 2 9 ,4 6 9 3 0 9 ,4 8 7 d e fl6 ,1 2 0 d e fl3 ,9 5 8 1 ,4 6 8 4 ,1 8 7 1 ,9 3 0 7 2 ,0 3 6 E d i s o n E l e c t r i c 111 C o ( B r o c k to n . M ass) _ --J u n e Jan 1 to June 30 ___ 1 1 ,3 4 1 7 8 ,8 6 2 9 ,6 3 4 6 7 ,2 7 7 3 ,8 2 4 2 3 ,8 7 3 1 ,8 1 5 1 7 ,0 9 1 F a ll R ive r G a s W k s _ a _ _ J u n e Jan 1 to June 30 _ 2 8 ,3 3 1 1 6 3 ,5 7 3 2 8 ,4 0 6 1 5 8 ,0 2 5 1 0 ,3 6 7 5 8 ,9 2 2 1 0 ,1 3 1 4 7 ,4 2 0 G u l f & S h i p I s l a n d , a ___ J u n e Ju ly 1 t o J u n e 3 0 . 1 8 4 ,9 9 5 2 ,1 3 8 ,7 7 9 1 6 6 ,5 6 6 1 ,8 .7 7 ,3 9 7 5 2 ,3 2 8 6 8 1 ,6 6 7 5 0 ,8 1 2 4 8 0 ,1 5 5 H o u g h to n C o E lect C o _ -J u n e Jan 1 to June 30 ____ 1 4 ,4 6 7 1 1 0 ,6 2 6 1 3 ,0 8 2 9 6 ,0 7 7 5 ,3 5 9 5 4 ,9 6 9 5 ,5 0 4 4 8 ,7 6 3 D u n k irk Apr Jan J u ly _ 2 ,4 2 7 ,7 1 3 5 ,1 1 1 ,5 7 6 1 1 ,0 2 3 ,0 5 5 B i n g h & N Y b— to June 3 0 -_ t o J u n e 3 0 _______ to June 30 _ A ll V a l & 1 to June 1 to June 1 to June P itts_b — 3 0 _ __ 30 _ _ 30_ _ _ Inter borough R T Co— E l e v a t e d D i v i s i o n b— A p r 1 to June 3 0 __ 3 ,4 3 0 ,8 6 9 3 ,1 9 8 ,9 7 2 2 ,1 1 4 ,0 1 2 1 ,8 1 9 ,5 1 2 6 ,6 9 6 ,9 5 7 Jan 1 to June 30 _ J u l y 1 t o J u n e 3 0 _______: 1 2 , 7 9 4 , 7 1 8 6 ,3 0 4 ,5 7 7 1 3 ,1 9 8 ,2 9 0 3 ,9 8 1 ,4 6 5 7 ,3 7 2 ,0 0 3 3 ,5 5 5 ,5 6 8 7 ,6 5 1 ,3 5 4 1 ,3 4 9 ,8 7 1 2 ,8 2 (i,9 8 7 c 3 ,639 ,078 1 .0 5 1 ,5 2 6 2 ,3 3 1 ,4 0 5 3 .9 2 2 ,7 6 4 6 4 8 ,4 4 4 1 ,4 3 5 ,7 9 3 cl ,7 8 8 ,6 3 0 Subway Apr 1 Jan 1 Ju ly i D ivision to June to June to Ju n e b— 30 30 30_ 1 ,8 5 9 ,2 9 4 3 ,9 1 1 ,9 3 5 6 ,9 0 0 ,8 7 2 T o t a l b o t h d i v i s i o n s b— 5 ,2 9 0 ,1 6 4 A p r 1 to June 30 _ 4 ,5 4 8 ,8 4 3 3 ,1 6 5 ,5 3 8 J a n 1 t o J u n e 3 0 ______ 1 0 ,6 0 8 ,8 9 3 9 ,1 3 1 ,5 6 4 6 ,3 1 2 ,8 7 0 J u l y 1 t o J u n e 3 0 ________ 1 9 , 6 9 5 , 5 9 1 c l 6 , 8 3 7 , 3 6 8 1 1 , 2 9 4 , 7 6 7 2 ,4 6 7 ,9 5 7 4 ,9 9 1 ,3 6 2 c 9 ,4 3 9 ,9 8 5 In tero cea n ic o f M e x ic o .June J a n 1 t o J u n e 3 0 ________ 6 2 0 ,6 6 2 3 ,4 9 8 ,4 9 0 5 1 1 ,0 7 4 3 ,2 3 1 ,7 1 5 1 4 6 ,6 3 2 1 ,0 8 3 ,5 2 9 K e y s t o n e T e l e p h C o _____ J u n e J u l y 1 t o J u n e 3 0 ________ 7 4 ,6 0 3 8 2 0 ,8 4 2 ________ ________ 3 2 ,7 2 9 3 6 6 ,9 1 5 L a k e S h o r e & M i c h S o b— A p r 1 t o J u n e 3 0 ________ 1 0 , 5 8 3 , 8 4 3 J a n 1 t o J u n e 3 0 ________ 2 0 , 6 0 7 , 0 9 5 J u l y 1 t o J u n e 3 0 ________ 4 1 , 0 4 0 , 9 6 1 9 ,3 3 0 ,4 3 6 1 8 ,1 6 6 ,9 4 3 3 6 .1 8 9 ,7 4 8 2 ,0 9 5 ,2 9 8 4 ,1 9 5 ,9 8 1 7 .1 4 3 ,1 8 1 1 ,9 9 7 ,0 4 8 4 .3 2 2 ,0 9 9 7 ,9 9 7 ,9 1 0 4 7 ,4 4 9 5 2 8 ,9 1 2 4 4 ,3 1 5 4 6 9 ,4 8 6 2 1 ,3 6 8 2 3 1 ,6 5 9 1 3 ,8 4 8 1 5 1 ,9 9 6 L e x in g to n & E a s t e r n . b_ June J u l y 1 t o J u n e 3 0 ________ L o n g I s l a n d , b ___________J u n e J u l y 1 t o J u n e 3 0 ________ L ow ell E le ct L t C o rp _a _J u n e J a n 1 t o J u n e 3 0 ________ M a n i s t i q u e . b _____________ J u l y J a n 1 t o J u l y 3 1 ________ .J u n e 1 ,6 1 9 ,4 8 1 .2 1 ,1 5 9 ,1 4 5 1 ,3 9 8 ,1 8 0 2 0 ,0 4 1 ,0 9 5 4 5 7 ,2 8 3 5 ,7 4 4 ,6 0 0 2 0 8 .8 2 6 5 ,1 0 3 ,3 7 5 1 ,0 1 0 ,7 1 5 6 ,1 1 0 ,3 4 5 5 4 8 ,5 9 3 2 ,9 3 0 ,2 1 4 3 4 1 ,8 5 1 1 ,9 8 8 ,0 2 9 H id a lgo & N o r th e a s t.J u n e A p r 2 5 t o J u n e 3 0 ________ 9 2 ,0 0 9 2 0 1 ,3 0 8 In c 1 6 8 ,2 1 1 In c 87 7 ,3 4 8 New London A p r 1 to Jan 1 t o Ju ly 1 to — 3 5 ,0 6 9 6 9 ,8 3 8 N orthern b— J u n e 3 0 ________ J u n e 3 0 ________ June 30 ____ 2 8 4 ,4 9 0 5 4 2 ,0 1 6 1 ,1 0 4 ,7 2 5 2 7 1 ,8 3 8 5 1 1 ,7 0 8 1 ,0 5 4 ,3 0 0 1 4 ,3 3 6 d e f3 2 ,7 2 5 8 7 ,3 5 1 5 7 ,6 9 0 5 3 .0 0 6 1 1 0 ,7 5 0 P h lla & E r l e - b -J u n e J a n 1 to J u n e 3 0 . ... 7 4 0 ,5 4 1 3 ,6 6 5 ,9 2 2 751 ,803 3 ,6 4 5 ,0 9 3 2 5 0 ,9 5 3 7 8 4 ,8 5 2 2 6 4 ,1 0 4 8 3 9 ,3 8 6 T id ew a ter & W estern b June J u l y 1 t o J u n e 3 0 _ _______ 8 ,3 9 1 9 1 ,1 2 7 6 ,9 3 1 8 8 ,1 8 9 1 ,2 4 3 1 9 ,5 6 9 1 ,9 5 7 9 ,4 5 0 T o le d o P eoria & W e s t - b J u ly 9 9 ,6 3 6 1 0 1 ,2 0 4 2 0 ,6 5 5 2 2 ,1 4 7 1 ,9 3 4 ,8 3 8 2 4 ,6 9 6 ,5 8 5 8 0 2 ,7 1 3 6 ,9 3 7 ,4 9 0 2 9 8 ,5 5 5 4 ,1 9 3 ,1 4 8 1 ,5 7 6 ,3 2 3 2 ,9 5 6 ,3 9 5 5 ,8 2 5 ,6 0 5 2 4 3 ,1 1 8 4 8 7 .9 6 2 1 ,3 6 8 ,2 0 2 1 2 2 ,2 3 1 1 8 5 ,0 0 7 6 0 3 ,7 3 8 Y to to to & P e n n a - b— J u n e 3 0 ............... J u n e 3 0 ________ June 3 0 . . - . 1 ,7 7 8 ,8 6 6 3 ,5 3 1 ,3 5 8 7 ,2 2 2 ,7 9 2 b N e t earnin gs here g iv e n are b efore d e d u c tin g ta x e s. 249 5 ,8 8 9 D e l L a c k & W e s t e r n b— A p r i l t o Ju n e 3 0 _ __ J a n 1 to J u n e 30_ J u ly 1 to June 30 _ 2 4 ,0 7 1 1 7 4 ,2 9 1 c In 1 9 0 4 -0 5 S u b w a y w a s o p e r a t e d o n l y f r o m O c t . 2 7 on. 4 ,1 7 6 3 3 ,6 5 6 C orn w all & L e b a n o n - b__ June J u l y 1 t o J u n e 30 2 5 ,7 9 0 1 9 4 ,7 2 1 a N e t earnin gs here g iv e n are a fte r d e d u c tin g ta x e s, 3 ,7 7 5 3 1 ,7 5 9 _ 5 2 ,1 4 5 3 4 6 ,6 8 1 1 ,3 8 0 ,5 1 8 7 ,3 9 3 ,9 2 5 W estern N Apr 1 Jan 1 J u ly 1 B e l l e f o n t e C e n t r a l - b ___ J u l y J a n l t o J u l y 31 _ ____ C en tral N e w E n g l a n d - b — A p r 1 to June 30 _ _ Jan 1 to Ju n e 30 _ J u l y 1 t o J u n e 3 0 ___ 5 8 ,3 0 3 3 8 7 ,6 2 7 M inn eap G en E le c Co a J une Jan 1 to J u n e 3 0 M issouri K a n & T e x _ a J u ly J to June 30 ------- N e t E a r n i n g s -------C u rren t P r ev io u s Y ea r. Y ea r. $ $ 1 8 9 ,3 5 6 2 0 2 ,8 7 9 1 ,6 7 6 ,6 7 2 1 ,2 3 0 ,8 6 8 W abash, b J u n e ________ 2 , 3 2 1 , 3 4 1 J u l y 1 t o J u n e 3 0 ________ 2 5 , 0 1 5 , 3 7 0 _ _______ G r o s s E a r n ' g s --------- -------------N e t E a r n i n g s --------C u rren t C u rren t P r e v io u s P r e v io u s Y ea r. Y ear. Y ear. Y ear. $ % $ $ 6 ,5 4 4 ,8 4 6 5 ,7 6 8 ,8 2 9 2 ,0 1 7 ,9 2 5 2 ,1 9 6 ,8 5 9 R oad s. R oad s. M ex ic a n In tern ation al Jan 1 to June 30 ------ G r o s s E a r n g s --------C u rren t P r ev io u s Y ea r. Y ear. $ % June 6 5 0 ,8 8 1 5 2 5 ,3 2 2 . ___ 4 , 0 3 7 , 5 3 0 3 ,2 4 2 ,4 8 1 N ational R R of M e x ic o .J u n e J a n 1 t o J u n e 3 0 ________ Net Earnings Monthly to Latest D ates.— The table fo l low ing shows the gross and net earnings o f ST E A M railroads reported this week. A fu ll detailed statem ent, including all roads from w hich m on th ly returns can be obtain ed , is given on ce a m onth in these colum ns, and the latest statem ent o f this kind will be fou n d in the issue o f July 21 1906. The next- will appear in the issue o f A ug. 25 1906. Syracuse Apr 1 Jan 1 Ju ly 1 [VOL. L .X IIL X X . THE CHRONICLE. Interest Charges and Surplus.— The follow in g roads, in addition to their gross and net earnings given in the fore goin g, also report charges for interest, & c ., w ith the surplus ab ove or deficit below these charges: — I n t . , R e n t a l s , & c .— C u rren t P r e v io u s Y ea r. Y ear. R oad s. $ $ 543 B rid g eton & S a co R i v e r . June 543 Ju ly 1 to J u n e 30 6 ,5 1 6 6 ,5 1 6 C entral N e w E n g la n d — A p r 1 to June 30 _ _ . J a n 1 t o J u n e 3 0 ___ J u l y 1 t o J u n e 3 0 _ _ ___ 5 6 ,7 5 6 1 1 2 ,8 0 8 2 1 6 ,6 9 7 C o r n w a l l & L e b a n o n _____ J u n e J u ly 1 to June 30 ___ 4 ,1 2 3 4 9 ,8 2 3 C um berlan d T & T C o .- J u l y J an 1 to J u ly 31 _ _ Del Lack & W estern — A p r 1 t o J u n e 3 0 ________ J a n 1 t o J u n e 3 0 _____ . Ju ly 1 to June 30 Syracuse Apr 1 Jan 1 J u ly 1 1 9 ,3 7 8 1 2 2 ,3 1 0 4 ,3 8 5 4 5 ,9 1 8 3 ,3 9 8 4 5 ,5 6 4 1 3 ,0 3 6 6 4 ,1 9 3 1 2 ,3 7 8 53 973 9 ,2 5 9 2 8 .2 9 4 7 ,6 2 5 1 4 ,1 4 3 £ d e f4 7 .525 £ d e f 7 0 ,9 0 8 £ d e f8 6 ,4 9 2 4 ,1 7 3 4 8 ,6 4 7 1 4 ,1 3 9 1 8 8 ,5 2 4 1 5 ,6 0 4 8 3 ,1 8 3 3 2 ,7 5 0 1 6 0 ,4 2 2 2 2 ,7 2 5 1 2 0 ,1 9 8 1 2 5 ,5 2 6 9 3 7 ,1 6 4 1 1 3 ,0 6 3 8 4 9 ,3 9 2 6 1 5 ,2 3 2 1 ,2 3 0 ,4 6 4 2 ,4 4 8 ,7 7 1 6 1 7 ,9 8 1 1 ,2 3 5 ,9 6 0 2 ,4 7 3 ,8 6 6 3 6 5 ,8 8 7 1 ,1 3 0 ,9 7 7 2 ,8 5 3 ,8 0 8 9 5 5 ,2 4 4 1 ,6 5 5 ,5 1 0 3 ,6 5 0 ,1 3 9 4 6 ,0 7 7 9 2 ,3 6 2 1 8 8 ,6 2 8 4 6 ,3 3 5 9 2 ,6 3 5 1 8 8 ,5 0 1 4 0 ,6 1 4 1 4 0 ,9 1 8 3 2 2 ,2 1 2 1 3 3 ,3 5 4 2 0 9 ,6 4 8 3 5 4 ,9 9 9 3 ,5 4 6 £ d e f l9 ,5 4 6 7 ,0 9 2 £ d e f2 0 ,7 9 5 1 7 ,0 8 0 £ d e fl 0 ,6 8 4 £ 1 ,2 7 6 £ d e f 4 ,0 8 7 £ 5 7 ,2 9 0 D u n k irk A ll V a il & P it t s — A p r 1 t o J u n e 3 0 ___ Jan 1 to June 3 0 . Ju ly 1 to June 30 3 ,5 4 6 7 ,0 9 2 1 2 ,8 4 7 E d i s o n E l e c t r i c 111 C o ( B r o c k to n , Mass) _ .J u n e J a n 1 t o J u n e 3 0 __ 741 4 ,3 8 6 729 4 ,0 7 9 3 ,0 8 3 1 9 ,4 8 7 1 ,0 8 6 1 3 ,0 1 2 F a ll R iver G as W o r k s . . J u n e Jan 1 to J u n e 30 514 3 .6 9 2 227 1 ,6 8 6 9 ,8 5 3 5 5 ,2 3 0 9 ,9 0 4 4 5 ,7 3 4 G u l f & S h i p I s l a n d _____ J u n e J u ly 1 to Ju n e 3 0 . _ _ 2 5 ,7 6 0 3 0 5 ,7 8 4 2 6 ,4 8 6 3 0 6 ,9 2 6 £ 2 8 ,8 2 5 £ 4 0 1 ,2 7 4 £ 2 4 ,4 7 9 £ 1 7 9 ,4 4 9 H o u g h to n Co E lect C o .J u n e Jan 1 to June 30 __ _ 2 ,1 8 7 1 3 ,7 5 1 2 ,1 8 7 1 3 ,7 5 1 3 ,1 7 2 4 1 ,2 1 8 3 ,3 1 7 3 5 ,0 1 2 1 ,7 6 9 ,4 5 8 3 ,5 1 0 ,8 5 9 7 ,0 4 5 ,5 5 3 1 ,6 9 4 ,3 2 9 3 ,4 1 1 ,9 1 3 7 ,0 0 9 ,5 1 3 £ 4 2 3 ,1 5 5 £ 6 4 7 ,8 9 8 £ 6 8 9 ,7 5 9 £ 1 9 8 ,7 3 5 £ 2 9 2 ,7 0 7 £ 9 5 1 ,3 9 3 _ _ _ . _ _ __ 5 3 2 ,5 1 3 1 ,0 3 6 ,0 9 3 1 ,7 9 5 ,8 3 0 2 2 8 ,2 3 6 4 6 4 ,4 3 4 c 6 3 9 ,5 8 9 £ 5 6 3 ,4 9 5 £ 5 0 3 ,2 0 8 £ l ,4 4 7 ,8 9 0 £ 1 .1 3 8 ,3 3 4 £ 2 ,4 7 9 ,1 2 8 C £ l,3 3 0 ,5 2 9 divisio n s— J u n e 3 0 ________ J u n e 3 0 ________ J u n e 3 0 ________ 2 .3 0 1 ,9 7 2 4 ,5 4 6 ,9 5 3 8 ,8 4 1 ,3 8 4 1 ,9 2 2 ,5 6 6 3 ,8 7 6 .3 4 9 C 7,6 4 9 , 1 0 4 £ 9 8 6 ,6 4 9 £ 7 0 1 ,9 4 3 x 2 ,0 9 5 ,7 8 7 £ 1 ,4 3 1 ,0 4 0 £ 3 ,1 6 8 ,8 8 6 C £ 2 .2 8 1 ,9 2 1 K e y sto n e T elep h o n e C o -J u n e J u ly 1 to June 30 2 6 ,6 7 0 2 8 8 ,4 3 0 6 ,0 5 9 7 8 ,4 8 5 So— 30 3 0 ________ 30 1 ,7 7 9 ,9 9 9 3 ,4 2 9 ,9 9 9 6 , S 3 9 ,9 9 9 1 ,4 7 0 ,0 0 0 £ 1 .1 4 0 ,2 9 9 2 ,9 1 0 ,0 0 0 £ 2 ,4 1 5 ,9 8 2 6 ,0 9 0 ,0 0 0 £ 4 ,5 1 1 ,8 4 6 L o w e l l E l e c t L t C o r p ____J u n e Jan 1 to J u n e 3 0 _ _ 657 5 ,2 7 8 712 6 ,1 3 0 3 ,7 2 8 4 0 ,6 4 0 2 ,6 8 6 3 9 ,4 3 4 M inneap G en E lect C o ..J u n e J a n 1 t o J u n e 3 0 ______ _ 8 ,9 0 S 5 3 ,7 3 2 9 ,0 6 9 5 7 ,2 8 5 1 6 ,8 8 2 1 4 0 ,9 8 9 1 5 ,0 0 2 1 1 7 ,0 0 6 3 8 2 ,4 7 1 4 ,5 0 0 ,5 4 8 3 6 7 ,2 9 2 4 ,2 6 1 ,3 6 5 7 4 ,8 1 2 1 ,2 4 4 ,0 5 2 d e fl5 8 ,4 6 6 8 4 2 ,0 1 0 Interborough R T C o— E le v a te d D iv isio n — A p r 1 t o J u n e 3 0 _______ Jan 1 to June 30 . _ J u l y 1 t o J u n e 3 0 ________ Subway Apr 1 Jan 1 Ju ly 1 D iv isio n — to June 30 to June 30 to June 30 Total b oth A p r 1 to Jan 1 to J u ly 1 to L ak e Shore Apr 1 Jan 1 Julv 1 & to to to M ich June June June M i s s o u r i K a n & T e x ____J u n e J u ly 1 to June 30 New London A p r 1 to Jan 1 to J u ly 1 to N orthern— J u n e 30 J u n e 3 0 ________ J u n e 30 . _ 6 4 ,8 7 1 1 2 7 ,9 6 6 2 5 3 ,7 0 7 T o le d o P eoria & W e s t . . J u l y 2 3 ,9 7 0 W estern N Apr 1 Ja il 1 Ju ly 1 Y to to to & Penna— June 30 J u n e 3 0 ___ . J u n e 3 0 ________ 3 2 4 ,8 7 3 6 4 4 .6 8 5 1 ,2 2 8 ,0 1 5 £ 1 ,0 0 7 ,0 4 8 £ 2 ,3 7 2 ,0 9 9 £ 4 ,4 7 8 ,8 8 0 6 3 ,0 5 4 £ d e f4 4 ,9 6 5 £ 2 .0 8 0 1 2 6 , 6 9 7 £ d e f l 4 9 ,1 3 1 £ d e f 5 9 , 5 S 0 2 5 1 , 7 8 9 . £ d e f l 4 2 , 9 9 2 £ d e f l l 5 ,2 5 8 2 2 ,7 8 1 d e f3 ,3 1 5 d ef634 3 7 9 ,5 5 6 £ d e fS l,7 5 5 £ d e f2 5 0 ,0 4 0 6 2 7 ,8 6 0 £ d e f l 5 6 ,7 2 3 £ d e f 4 3 0 ,932 1 ,1 9 1 ,8 7 6 £ l5 4 .8 3 7 £ d e f5 7 6 ,2 1 7 c In 1 9 0 4 -0 5 S u b w a y w a s op erated o n ly fr o m O ct. 27 on. rrAfter a l l o w i n g f o r o t h e r i n c o m e r e c e i v e d . STREET R A IL W A Y S AN D TRACTION COMPANIES. L a test G ross E a r n in g s . N am e of R oad. 1 9 ,7 3 4 1 3 4 ,9 2 3 4 8 , 2 9 2 £ d e f l 3 9 .6 0 8 9 5 ,2 8 6 £ d e fl 1 9 ,2 1 5 1 9 4 ,8 0 3 £ 7 ,5 2 2 B in g h & N Y — to J u n e 30 to J u n e 30 _ _ . to J u n e 30 8 7 ,2 4 6 7 4 4 ,4 0 9 Inc 4 8 ,8 1 8 D e c 2 4 5 * ,6 6 7 — B a l . o f N e t E ' n g s .— C u rren t P r e v io u s Y ta r. Y ear. 3 % 1 ,4 8 8 2 ,8 0 7 1 0 ,0 3 4 8 ,6 9 9 ^A m erican R y s Co — c A u r E lg in & Chi R y . B in g h a m to n R y — _ B irm R y L t & P o w _ _ B oston & W o rce ste r. B rock ton & P ly S t R y B urlington (V t) T r a c Cape B reton E lec Co_ Cent Penn T r a c tio n . _ Chari C o n R y G a s & E l W e e k or M o n th . J u l y _______ J u n e _______ June ___ J u n e _ ___ Ju ly . . . M a y ----------J u l y _____ M a y _______ J u n e ----------J u l y ----------- C u rren t Y ear. $ 2 7 5 ,6 7 6 1 1 3 ,1 5 4 3 0 ,2 5 2 1 5 6 ,5 7 3 6 6 ,4 3 1 8 ,7 9 3 1 3 ,4 8 0 2 0 ,8 7 4 6 1 ,8 6 9 61 , 7 2 7 P r ev io u s Y ear. _ $ 2 5 4 ,8 3 5 9 7 ,4 4 8 2 6 ,2 2 6 1 3 1 ,3 0 8 6 0 ,3 4 7 8 ,7 2 1 1 2 ,3 0 7 1 7 ,6 6 8 5 4 ,1 3 1 5 8 .3 6 3 Jan. 1 to la te s t d a te. C u rren t Y ea r. P r ev io u s Y ear. $ 1 ,5 2 5 ,6 8 4 $ 1 ,3 7 5 ,4 2 7 1 3 8 ,4 0 6 1 2 3 .5 0 3 2 8 1 ,1 6 3 2 5 0 ,6 5 9 3 1 6 ,6 1 7 3 7 6 .5 2 0 2 6 4 ,9 3 7 346 A 89 L a test G ross E a r n in g s . N am e of R oad. C h a t t a n o o g a R y s Co C h i c a g o < M ilw E l e c . & d C h ic 6c O a k P ark _ C iti z e n s ' R y & L t C o C le v e P al lies v 6c E ___ C le v e & S W T r C o _ C o l u m b u s H R C o ------G a s L i g h t C o ---------D a lla s E l e c C o r p ' n — Detroit M on & T ol_ D etroit U n i t e d R y _ D u l u t h S treet R y . E ast St L ou is & S u b . El P aso E l e c t r i c — . Ft W a y n e & W abash V a l l e y T r a c t i o n ___ Gill v est o n E l e c t r ic C o G e o r g ia R y 6c E l e c . . H a r t & S p r in g St R y . H a v a n a E le c R y _____ H o n o lu l u R a p i d T r 6c L a n d C o _____ _____ H oughton Co S t R y . . H ou ston E lectric Co Illinois T r a c t i o n C o . . In d l& n ap Col & S o J a c k s o n C on s o l T r ___ J a c k s o n v i lle E l e c C o . K a n C ity R y & L ig h t L a k e S h o r e E le c R y . L e h i g h V a l l e y T r a n s it L o r a in S t r e e t R y _____ M a d is o n 6c I n t T r a c _ M a n ila E l e c R y & L t g C o r n — R y D e p t ___ L i g h t i n g D e p t _____ M et W e s t S id e E l e v M ilw E l e c R y & L t C o M llw L t H t 6c T r C o . . M o n tr e a l S tr e e t R y . _ N ashville R y & L t . _ X J & H R Ry&FyCo N O R y 6c L i g h t C o . . N iagara S t C & Tor_ _ N orfolk R y & Light _ N o r O h i o T r 6c L t C o . N orthern T e x a s T r Co N orth w estern E lev . O a k la n d T ra ction C o . O k la h o m a C ity R y . . O l e a n S t r e e t R y ___ O range Co T r a c t i o n . _ P e e k s k lll L t 6c R R _ _ P i t t s M ' K 6c G r e e n . . P o r t la n d R y s C o S t J o s e p h (M o ) R y L t H e a t 6c P o w e r C o S a v a n n a h E le c t r ic C o S o u th Side E l e v a t e d . Syracuse R ap Tr R y . T a m p a E l e c t r ic C o _ T e r r e H a u t e T & L Co T oledo R y s & L i g h t . T o l IJrb & I n t e r R y . . T o l e d o 6c W e s t e r n ___ Toronto R a ilw a v .. T r i - C i t y R y 6c L t C o . T w in C ity R a p id T r . . U n i t e d R y s o f S F ___ U n ited R y s of St L _ W a s h A lex & M t V er_! W h a t c o m Co R y & Lt C o ____________________ ; W ee k or M o n th . ! C u rren t Y ea r. $ 4 5 ,8 6 9 9 7 .4 2 5 6 8 ,4 8 8 13,069 2 7 ,2 5 7 6 4 ,1 3 6 1 7 ,1 4 0 2 ,1 8 8 8 3 ,3 6 9 1 1 .6 5 4 170 ,5 7 4 16,791 168,7 1 6 3 2 .1 8 3 15 9 , 2 16 1 4 ,0 0 5 1 3 9 .9 3 2 2 2 .1 4 4 J u n e _____ J u n e ______ J u n e ___ J u n e ___ W k A u g 12 9 8 ,2 8 9 3 2 , l 65 2 3 5 ,3 2 3 ________ 1 / 3 0 .3 9 5 8 5 ,4 9 9 2 5 ,1 9 5 2 0 0 ,4 4 7 ^. - •- 1/28,207 J u n e ______ J u n e ______ J u n e ______ J u n e ............ J u l y ______ J u n e ---------J u n e _ ___ J u n e ______ J u n e ______ M a y ______ J u n e ______ J u l y ______ 2 9 .2 3 7 2 0 ,1 5 1 51 , 1 5 8 2 3 6 ,8 6 8 22 ,6 7 8 14,333 2 6 ,8 4 6 4 5 7 .0 0 3 7 5 ,9 8 0 7 6 ,4 0 3 1 3 .1 4 4 12,239 2 8 .0 2 7 / 1 4 .6 34 4 4 .8 5 4 189 ,0 8 3 1 9 ,4 9 8 1 2 ,1 7 8 2 7 .3 5 5 417 ,0 9 1 6 7 ,9 6 9 6 9 ,4 0 3 11 . 2 6 0 1 1 .7 1 5 4 3 ,7 5 0 3 0 ,0 0 0 191,2 2 3 2 9 5 ,9 4 7 6 5 ,6 7 2 68,141 1 1 2 ,9 3 0 5 0 .5 9 1 4 4 6 .2 7 7 1 6 ,6 0 9 5 8 ,2 2 2 9 2 ,9 8 4 71 ,4 8 5 1 1 3 ,6 2 7 1 5 1 ,5 2 5 18.500 9 ,9 2 0 1 3 ,0 3 0 1 5 ,2 1 9 2 2 ,7 9 8 1 4 4 ,6 7 7 J u ly ______ 7 5 ,0 3 8 June _ . 5 8 ,2 2 4 J u l y __ 144,112 8 8 ,9 9 0 J u n e _______ J u n e ______ 3 6 ,4 4 6 6 6 ,6 6 7 J u n e ______ J u n e ______ 1 7 8 ,1 1 0 J u ly ______ 3 0 ,9 4 5 A p r il . 1 8 ,5 8 8 W k A u g 11 6 2 ,4 2 9 1 3 0 .5 1 0 J u n e _____ 4 t h w k J u ly 1 7 0 .7 7 6 J ulv . . . _ ^ 5 0 4 .0 2 3 7 9 4 ,2 2 0 J u l y ______ 2 7 ,1 7 6 J u l y ______ M a y ______ 2 0 ,3 9 3 $ 3 8 .5 5 4 6 7 ,2 6 3 6 2 ,2 8 2 1 0 ,2 7 6 2 3 ,9 4 1 54 . 8 2 2 15,221 1.872 7 2 ,4 3 9 ________ 176,045 2 7 9 ,0 4 8 5 5 ,1 6 3 5 3 ,9 8 3 9 9 .0 7 0 4 4 .5 7 6 1 4 ,5 7 6 5 2 ,3 4 2 8 5 ,1 6 3 5 7 ,0 8 0 1 0 4 .6 1 8 1 2 2 .2 4 6 14,093 1 0 ,9 3 4 12 .1 0 2 1 2 ,9 0 4 17.701 1 7 7 .6 7 4 71 , 0 5 6 5 3 ,1 7 7 132.171 8 0 ,7 4 2 3 5 ,5 7 6 5 5 ,5 4 3 1 6 3 ,2 2 6 2 7 ,0 9 2 1 7 ,7 9 0 5 5 ,6 8 9 1 1 8 ,0 0 4 1 3 7 .5 6 6 5 7 6 ,8 6 3 726 .8 6 1 20,421 1 5 ,4 0 6 P r ev io u s Y ea r. $ 2 7 0 ,5 5 7 4 2 9 .2 9 8 4 8 6 ,1 6 6 $ 231 .5 8 9 2 7 9 .2 3 6 4 6 8 ,4 2 6 1 1 3 ,8 8 7 3 5 3 ,4 1 3 9 9 .4 1 5 2 9 2 .1 9 8 b 132,802 3 .2 1 6 .7 8 0 4 4 7 .9 4 0 7 8 7 .9 2 7 180 .8 2 2 2 .8 2 6 .2 1 7 3 8 2 ,6 7 6 701 ,2 1 1 137 ,1 9 3 4 9 7 ,2 4 7 139.461 4 2 6 .1 5 6 121,169 7 0 ,3 5 0 //» 3 7 . 4 08 5 7 ,8 7 6 '1/864,570 1 6 9 .9 2 7 100.088 2 7 4 .1 8 0 1 ,3 4 4 .8 3 0 1 2 7 . 4S7 6 5 .7 1 0 15 2 ,1 0 1 2 ,5 7 1 .838 3 7 6 .1 9 0 4 7 3 ,6 3 2 6 8 ,1 8 2 7 1 ,2 5 0 1 6 0 .2 9 8 75 5 , 9 5 9 2 3 3 ,1 9 5 1 .0 9 4 ,7 1 3 1 10,617 5 3 ,4 9 9 16 1 .6 1 4 2 ,2 5 6 ,6 1 5 3 2 6 ,6 2 9 3 0 5 ,7 5 0 2 0 5 ,2 5 0 1 ,4 1 9 ,8 6 4 1 ,6 5 1 ,8 6 6 2 9 2 ,8 2 3 58,241 6 3 ,9 7 4 C u rren t Y ea r. $ 1,2 8 7 ,4 0 0 1 ,5 4 2 ,4 5 8 2 5 6 ,8 2 4 6 5 0 ,6 8 0 2 3 9 .5 3 4 2 ,8 9 9 .0 8 8 5 1 ,3 5 2 2 3 0 ,3 8 9 4 6 1 ,0 5 6 5 4 8 .9 3 5 190,4 2 8 8 6 1 .7 8 6 8 0 8 ,0 6 5 94 .841 3 5 ,8 1 4 5 6 ,9 2 8 6 5 ,9 7 6 9 6 ,4 8 3 3 3 ,9 6 1 5 1 ,1 1 8 56 ,4 7 8 77 ,9 0 5 4 6 7 .7 6 4 3 0 4 ,0 0 8 1 ,0 1 5 ,3 0 6 5 1 7 .1 1 4 2 2 4 ,5 2 6 3 6 0 ,9 5 7 9 6 2 ,5 0 0 1 9 2 ,7 9 7 7 2 .6 0 0 1 ,781 . 0 0 2 4 1 4 ,2 3 3 2 7 5 ,4 6 3 9 4 6 ,6 9 6 4 5 4 ,0 1 0 199,4 9 7 2 8 6 ,8 7 2 8 9 5 ,7 9 2 166,6 7 8 6 3 ,5 6 8 1 ,581 , 4 8 3 3 ,0 7 5 ,0 4 9 2 .6 0 3 ,7 0 7 5 ,1 9 4 ,4 8 8 15 8 ,9 4 1 4 ,7 7 2 .9 4 9 141 ,5 8 7 4 6 ,8 7 4 1 9 2 ,1 6 0 4 2 5 ,4 7 8 — Brooklyn H t s R R Co_bi Apr 1 to June 30 . 3.566,175 3.223.890 Jan 1 to June 30 _ 6.565.837 5.909,055 July 1 to June 30. .-.1 3 ,1 9 3 ,2 9 6 11.875,701 Nassau Electric-b Apr 1 to June 30. 894,126 874.305 Jan l to June 30. 1,603,708 1,428,749 July 1 to June 30. _____ 3,293,238 2,811,397 Bklyn Queens Co 6c S u b .b — Apr 1 to June 30 _ _ 377.484 424.029 Jan 1 to June 30 758.168 644.991 July 1 to June 30. 1 .508,595 1,259,593 Charleston Consol -July 61.727 58,363 Mch 1 to July 31 _____ 272.214 254,916 Chic & Milw Elect R v .Ju ly 97.425 67.263 Jan 1 to July 31. ____ 429.298 279,236 Cleve <c Southw . _. .Ju ly S 64,136 54,822 Jan 1 to July 31 . ____ _ 353.413 292,198 Detroit United -July 560.070 502,865 Jan 1 to July 31. _____ 3.216,780 2,826,217 East St L 6c Suburban -June 168,716 139,932 Jan 1 to June 30. _____ 787,927 701,211 El Paso Elect C o.a - .Ju n e 22,144 32,183 Jan 1 to June 30 _____ 180,822 137,193 Galveston Elec C o.a .June 32,165 25,195 Jan 1 to June 30 139.461 121 .169 Houghton Co St Ry Co a j ’ne 20.151 14 ,634 Jan 1 to June 30. 100,088 c55.959 Houston Elect Co«.June 51 .158 44.854 Jan 1 to June 30 233.195 274.180 Hud Val R y C o .b — Apr 1 to June 30. 135.038 121,195 Jan 1 to June 30 231 .736 202,188 July l to June 30 555.972 499,147 J a c k s o n v i l le E l e c t C o a .June 26.846 27.355 Jan 1 t o June 30 161 .614 152,101 N V' C i t y R a i l w a y b— Apr 1 to June 30. 4,501 .403 4,417,081 J a n 1 to J u n e 30 8.462.174 8,056,548 July 1 t o June 30 ______ ' 17.425.659 10,703.002 ---------G r o s s E a r n ' g s ------------- ------- N e t E a r n i n g s --------C u rren t P r ev io u s C u rren t P r ev io u s Y ea r. Y ea r. Y ea r. Y ea r. $ S $ $ — C u rren t Y ea r. % R oad s. N V C i t y R a i l w a y (C o n ) 4 2 d St M a n h a t t a n v l l i e & St N i c h o l a s A\ C - b— 2 5 5 ,1 4 5 \pr l t o J u n e 3o 2 1 5 ,2 5 8 J a n 1 t o J u n e 30 4 5 8 ,1 1 6 3 6 7 ,6 6 6 9 2 2 ,7 6 1 7 8 8 ,4 0 8 J u ly 1 t o J u n e 30 2 8 t li & 2 9 t h St C r o s s t o w n . b— 11 , 4 8 6 \pr i t o J u n e 3 0 3 9 ,4 4 0 6 5 .8 3 3 7 5 ,8 7 2 Jan 1 t o J u n e 30 1 6 0 .7 3 5 1 5 1 ,7 6 8 J u ly 1 to June 30 . . 9 6 ,2 4 4 123,016 2 2 1 ,9 4 8 4 0 ,7 6 3 1 6 ,2 6 0 133 ,9 2 1 9 ,2 8 6 13 ,6 3 6 31 ,2 9 4 2 ,4 1 8 Clef 3 , 7 9 7 2 6 ,5 6 6 D r y D o c k E a s t B r o a d w a y &i B a t t o r y . bApr 1 to June 30 1 4 1 ,4 9 9 Jan l to June 30 . 2 7 0 ,8 1 2 J u l y l t o J u n e 30 4 1 0 ,8 5 7 W e s tc h e s te r E lectric C o . b •\i>r i t o j u n e 3 0 8 2 ,7 1 5 Ja n 1 t o J u n e 3 0 . _ . 1 3 8 ,1 0 3 J u l y 1 t o J u n e 3 0 -----------3 3 0 ,0 3 2 1 0 1 ,6 7 4 1 8 6 ,1 8 3 4 3 0 ,1 2 3 4 0 ,7 6 9 64,721 6 6 ,2 3 9 4 ,6 4 6 d e f 19,151 2 0 ,3 7 3 9 3 ,8 3 9 152,104 3 2 6 ,3 2 0 1 7 ,9 2 7 3,8 5 1 5 2 ,4 8 7 18 ,9 9 3 12,900 7 5 ,0 9 3 Yonkers Apr 1 Ja n 1 J u ly 1 R R C o .b — t o J u n e 3 0 ___ ____ t o J u n e 3 0 ___ . t o J u n e 3 0 ________ 9 4 ,8 7 2 1 6 4,731 11 0 ,5 9 1 8 3 ,1 1 9 1 3 7 ,4 6 1 111,856 3 6 ,2 5 2 4 0 ,2 3 0 d e f8 ,4 1 0 14,410 16,562 d e f 4 8 ,0 6 7 34 th St C r o s s t o w n .b — A p r 1 t o J u n e 3 0 . ______ J a n 1 t o J u n e 3 0 ________ J u l y 1 t o J u n e 3 0 _____ _ 1 3 8 ,5 6 3 261 ,9 5 9 5 4 9 ,9 1 6 1 4 1 ,2 0 4 2 5 3 ,0 3 2 5 2 5 ,7 5 2 9 1 ,7 5 1 1 5 9 ,7 0 3 3 4 1 ,8 8 4 8 9 ,1 4 3 147,461 3 2 0 ,4 7 8 4 1 0 ,6 7 8 7 4 0 ,4 2 4 1 ,5 0 3 ,1 7 9 377 ,8 1 1 6 5 8 ,2 3 5 1 ,3 8 6 ,0 0 7 1 5 5 ,7 0 9 2 2 6 ,6 3 0 4 4 2 ,5 4 3 1 8 ,5 0 0 9 4 ,8 4 1 1 4 ,0 9 3 9 ,9 0 3 4 4 ,0 7 3 108,091 137,2 5 2 4 1 0 ,0 5 8 6 ,9 5 4 ________ U n i o n R y C o o f N Y _ b— A p r 1 to J u n e 3 0 _____ . Jan 1 t o J u n e 3 0 ___ J u l y 1 t o J u n e 3 0 ________ O k la h o m a C ity R y R y . J u l y J a n 1 t o J u l y 3 1 ______ _ C o -.J u n e <?144, 6 7 7 1 7 7 ,6 7 4 *6 1 ,8 9 4 8 2 ,6 4 5 7 5 ,0 3 8 4 6 7 ,7 6 4 7 1 ,0 5 6 4 1 4 ,2 3 3 3 6 ,4 6 4 2 2 2 ,2 8 1 3 9,71 J 1 8 5 ,6 0 7 Sa va n na h E lect C o . a . .J u n e J a n 1 t o J u n e 3 0 ________ 5 8 ,2 2 4 3 0 4 ,0 0 8 5 3 ,1 7 7 2 7 5 ,4 6 3 2 8 ,0 5 9 1 2 1 ,2 1 7 2 3 ,2 3 8 1 1 4 ,3 3 5 T a m p a E lect C o _ a . _ _ . J u n e J a n 1 t o J u n e 3 0 ________ 3 6 ,4 4 6 2 2 4 ,5 2 6 3 5 ,5 7 6 1 9 9 ,4 9 7 1 1 ,4 6 6 9 2 ,5 4 7 Terre H T r & L t C o . a .J u n e J a n 1 t o J u n e 3 0 _______ 6 6 ,6 6 7 3 6 0 ,9 5 7 5 5 ,5 4 3 2 8 6 ,8 7 2 3 0 ,8 2 0 1 3 7 ,7 8 2 1 5 ,2 0 2 8 0 ,0 5 6 16,907 8 3 ,6 2 9 T o l e d o U r b & I n t e r u r b a . J u ly J a n 1 t o J u l y 31 _ _ 3 0 ,9 4 5 1 9 2 ,7 9 7 2 7 ,0 9 2 1 6 6 ,6 7 8 15 ,5 3 6 9 2 ,1 7 7 U n l t e d R y s Co o f S t L . a . J u ly J a n 1 t o J u l y 3 1 ______ . 7 9 4 ,2 2 0 5 ,1 9 4 ,4 8 8 7 2 6 ,8 6 1 4 ,7 7 2 ,9 4 9 3 0 0 ,4 5 8 1 ,9 7 6 ,4 4 3 12 ,8 9 0 7 2 ,7 5 9 2 7 5 ,1 8 7 1 ,6 2 2 ,0 9 6 W a sh A lex & M t V e r .b .J u l y J a n 1 t o J u l y 31 _____ 2 7 ,1 7 6 15 8 ,9 4 1 20,421 1 4 1 ,5 8 7 1 3 ,7 7 0 7 4 ,5 0 7 9 ,9 0 5 6 1 ,4 9 7 P o r t la n d a b c e R a ilw ay N e t ea r n in g s h ere g i v e n are a f t e r d e d u c t i n g t a x e s , N e t ea r n in g s h e r e g i v e n a re b e f r o e d e d u c t i n g t a x e s . D e c r e a s e in 1 9 0 5 d u e t o s t r ik e a n d b o y c o t t . D e c r e a s e d u e t o L e w i s & C la r k E x p o s i t i o n la s t y e a r . Interest Charges and Surplus. E a rn ’gs-------------------- Net Earnings --------P r e v io u s Y ea r. 5 i o S t Joseph R y L t H & P C o . J u l y J a n 1 t o J u l y 3 1 _____ _ Street Railway Net Earning's.— The follow ing table gives the returns of S T R E E T railway gross and net earnings reported this week. A full detailed statem ent, including all roads from which m onthly returns can be obtained, is given once a month in these columns, and the latest statement of this kind will be found in the issue of July 28 1906. The next will appear in the issue of Sept 1 1906. -------- Gross O 1 t o la te s t d a te . P r ev io u s C u rren t Y ea r. i Y ear. J u ly ______ Jul> ______ J u ly ______ J u l y _______ J u n e _______ J u l y ---------M a y ______ M a y _______ Mav . . . 4th w k j u l y 4 til w k J u l y 1st \vk A u g J u n e ______ J u n e ______ J u l y ______ J u l y ______ J u l y ______ J u n e ______ J u n e _______ W k Aug 4 June J u l y ______ June _____ A p r i l ______ A p r i l ______ J u n e ______ May . . . J u l y ______ A p r i l ______ J u l v _____ _ A p r i l ______ J u n e ______ J u n e ______ J u n e ______ June _ I Jan. •' F i g u r e s fo r th e m o n t h in b o t h y e a r s i n c l u d e o p e r a t i o n s o f t h e S c r a n t o n R y •. a c q u i re d J a n . 1 1 9 0 6 . b T o t a l is f r o m M a r c h 1 . c T h e s e figures are fo r c o n s o l i d a t e d c o m p a n y , d T h e s e are r e s u lts fo r m a i n lin e, f D e c re a s e in 1 9 0 5 d u e t o s trik e a n d b o y c o t t , h T h e s e are e a r ly p r e l i m i n a r y r e t u r n s ; dec re ase d u e t o e a r t h q u a k e a n d lire, k D e c r e a s e d u e t o L e w i s & C la r k E x p o s i t i o n last y e a r , y F i g u r e s fo r b o t h y e a r s n o w in A m e r i c a n c u r r e n c y . R oad s. *> >> • THE CHRONICLE. A u g . 18 100C.] P r ev io u s Y ea r. • 5 1,627,489 2.789,916 5,898,549 1,441 .117 2,339,345 4,935,411 346,263 604,265 1,370,967 403.060 544,427 1,101,715 179,892 194.937 260,281 337.823 513.566 732.457 26,840 27,163 106,700 109,506 46,392 63.940 154,349 252,020 26,519 31,346 115,002 147,463 217,183 244,936 1,291.822 1.106,511 81,696 81,385 390.615 383,241 5.202 11,849 47,725 60,307 10.958 15,754 48,902 3,173 8,400 27.417 cdef40,731 19.527 21,021 87,294 95,157 45,375 68,620 228,620 10,248 57.682 37.971 46,143 164 ,510 11,544 71 ,644 2,087,069 3,649.382 7.849.147 1 ,996,851 3.1 68,94 7.387.63 , B rooklyn Apr Jan Ju ly R oad s. H e ig h ts R R C o — 1 t o J u n e 3 0 ________ 1 t o J u n e 3 0 ___ _ 1 t o J u n e 30 Nassau Electric A p r 1 to J u n e Jan 1 t o J u n e J u ly 1 t o J u n e — I n t ., R e n ta ls , — C u rren t P r ev io u s Y ea r. Y ea r. $ $ C o—30 3 0 ________ 3 0 ___ _ _ 1 ,2 4 2 .8 9 9 2 ,4 1 3 .5 2 8 4 ,701 , 5 7 5 1 ,0 32,662 2 .0 2 1 .3 2 9 4 ,2 4 9 ,7 1 1 — B a l . o f N e t E 'n g s . — C u rren t P r ev io u s Y ea r. Y ea r. S $ £ 4 1 9 ,6 7 2 £ 4 6 3 ,8 1 2 £ 1 .3 3 3 ,5 4 0 £ 4 4 5 ,7 8 8 £ 3 7 9 ,0 1 5 £ 8 1 8 ,0 0 9 £ 2 1 9 ,7 7 2 £ 1 7 9 ,3 6 8 £ 2 8 5 .2 1 3 2 8 7 ,1 8 8 5 0 3 ,2 3 7 1 ,0 0 8 ,3 3 3 2 0 1 ,9 1 4 4 0 2 ,6 1 9 8 9 1 ,6 1 0 £ 8 7 ,8 0 6 £ 1 8 5 ,7 3 5 £ 4 8 4 ,0 4 9 Queens Co & S u b — 1 t o J u n e 3 0 _____ 1 t o J u n e 30 1 to June 30 _ 112 ,9 9 4 2 1 8 ,5 1 5 4 4 8 ,1 5 7 9 1 .4 0 4 1 9 4 ,8 6 0 4 4 7 ,1 7 7 £ 8 6 ,3 2 6 £ 1 2 7 ,3 3 8 £ 2 9 6 ,0 4 6 £ 9 0 .0 0 5 £ 5 8 ,1 4 8 £ 7 0 ,8 8 2 C h a r le s to n C o n s o l ________ .J u ly M c h 1 t o J u l y 31 13 ,0 1 7 6 4 ,9 3 3 13 ,1 6 7 6 5 ,0 8 3 1 4 ,1 4 6 4 4 ,5 7 3 D e t r o i t U n i t e d . ________ J u l y J a n 1 t o J u l y 31 9 5 ,3 2 1 6 5 9 ,4 9 8 8 9 ,8 9 1 6 4 3 ,8 1 5 £ 1 5 4 ,1 4 8 £ 6 5 8 ,4 8 4 1 3 ,6 7 3 4 1 ,6 1 8 £ 1 3 1 ,5 1 6 £ 4 8 9 ,5 4 6 E l P a s o E l e c t C o ________ J u n e J a n 1 t o J u n e 3 0 ___ ___ 3 ,797 22 ,6 7 8 3 ,546 20 ,6 5 8 8 ,0 5 2 3 7 ,6 2 9 1 ,6 5 6 2 7 ,0 6 7 G a lv e s t o n E l e c t Co . . . J u n e Jan 1 t o J u n e 3 0 ________ 4,167 25 ,0 0 0 4,1 6 7 11 ,5 8 7 23 ,9 0 2 B rooklyn Apr Jan J u ly 6,7 9 1 ________ d ef4 4 1 d d e f G l ,9 2 3 1 0 , S7 ) 3 3 ,2 1 5 H oughton Co S t R y C o June 3 .614 4 ,4 8 2 3 ,918 Jan 1 t o J u n e 3 0 _____ 2 3 ,4 8 0 2 1 ,1 9 2 3 ,9 3 7 H ouston E lect Co _ June 7 ,6 9 2 8 .6 5 7 13,329 4 6 ,1 1 4 J a n 1 t o J u n e 3 0 _____ _ 4 9 ,0 4 3 5 4 ,0 7 9 H u d s o n V a l l e ,* R y C o — 6 4 , 3 2 9 r d e f l 9 ,8 91 £ d e f2 5 ,2 5 6 A p r 1 t o J u n e 3 0 _____ . 69 ,8 1 5 J a n 1 t o J u n e 30 _._ 133 ,9 9 3 1 2 7 , 5 0 1 £ d e f 5 8 .1 6 0 £ d e f 7 6 , 2 8 7 J j l y l t o J u n e 3 0 ______ 2 6 5 ,9 7 4 2 5 1 , 3 3 7 £ d e f 2 2 ,6 3 9 £ d e f 7 9 ,6 6 0 J a c k s o n v i lle E l e c t C o . J u n e 3 ,4 2 5 3 ,0 1 6 6 ,823 8 ,5 2 8 J a n 1 t o J u n e 3 0 _____ 2 0 ,1 6 3 1 8 ,0 9 9 3 7 ,5 1 9 5 3 ,5 4 5 N Y C ity R a ilw a v — 2 ,7 9 3 ,5 3 8 £ d e f3 9 7 ,2 6 8 £ d e f4 7 0 ,949 A p r 1 t o J u n e 2 0 __ 2 ,8 2 0 ,6 2 5 Jan 1 t o J u n e 3 0 . 5 . 6 1 0 , 3 4 9 5 . 5 7 0 , 6 0 8 £ d f l 3 2 3 , 6 3 5 £ d e f 1 , 7 ) 3 , ; 55 J u ly 1 t o J u n e 30 ______ 1 1 , 2 2 5 , 3 9 9 1 1 , 1 6 0 , 3 8 5 £ d f 2 0 8 5 , 5 4 8 £ d f 2 , 5 1 3 , 7 7 4 42d S t M a n h a tta n v llie & S t N ich olas A v e — A p r 1 t o J u n e 3 0 ___ 9 9 ,9 4 4 99 ,0 0 1 £ 1 4 ,5 9 3 £ d e f3 5 ,0 6 2 196,977 Jan 1 to June 3 0 . 1 9 5 , 1 5 3 £ d e f 3 5 ,9 61 x def 1 3 4 , 1 7 0 J u ly 1 to June 3 0 . 3 9 5 ,2 2 5 3 9 2 .6 2 8 £def9 l ,9 3 9 £ d e f l6 8 .0 3 0 2 8 t h 6c 2 9 t h S t C r o :s t o w n — e •; A p r 1 t o J u n e 3 0 ___ 2 1 ,9 5 0 2 1 ,7 6 9 £dci 1 2 ,3 4 0 £ d e f l9 ,0 2 0 J a n 1 t o J u n e 30 4 3 ,4 4 2 4 2 ,6 8 0 £ d e f2 9 ,1 5 7 £ d c f4 5 ,8 2 7 J uly 1 to June 30 8 7 ,4 1 2 8 6 , 7 2 7 £ d e f 5 4 ,8 1 9 £ d e f 5 8 , 8 6 1 D r y D o c k E a s t B r o a d w a y 6c B a t t e r y - A p r 1 t o J u n e 30 48 ,4 7 8 4 0 ,1 5 9 £ 6 , 8 0 1 £ d e l’2 1 ,2 6 3 Jan 1 to June 3 0 . 9 5 ,4 4 3 £ 6 , 8 8 2 £ d e f 7 1 ,3 7 1 8 0 ,1 9 3 J u ly 1 t o J u n e 30 180,4 3 7 1 6 0 , 7 0 8 £ d e f 4 7 , 1 9 5 £ d e f 9 7 ,41 7 W e s tc h e s te r Electric Co A p r 1 t o J u n e 30 2 6 ,4 7 4 .rdefS , 0 0 6 £ d e f 5 ,9 2 4 2 5 ,5 9 0 Jan I t o J u n e 30 5 2 ,4 5 4 5 0 , 9 7 8 £ d e f 1 7 , 6 5 9 £ d e f 3 7 ,0 8 8 J u ly l to J u n e 30 103 ,1 6 7 1 0 2 , 1 0 6 .rclef4S,4 41 £ d e f 2 5 ,7 9 8 Yonkers R R C o— A p r l t o J u n e 30 . 27 ,3 8 6 2 8 ,5 1 8 £ 8 ,9 0 3 £d efl 4 , 4 0 1 J a n l t o J u n e 30 5 4 ,2 0 6 5 5 ,7 5 8 £ d c f 13,902 £ d e f3 9 ,2 7 7 J u ly 1 t o J u n e 3 0 . 110,591 111,856 £ d e f 8 ,4 1 0 £ d e f 4 8 ,0 6 2 3 4 t h St C r o s s t o w n £ 7 4 ,7 5 8 £ 7 2 ,2 3 8 A p r l t o J u n e 3 0 _____ 17,868 17,780 £ 1 1 4 .6 7 3 £ 1 2 6 ,2 6 9 Jan l to J u n e 30 35 ,1 8 4 3 4 ,5 3 8 £ 2 5 4 . 4 60 J u ly l to June 3 0 . 7 0 ,5 5 6 £ 2 7 4 ,8 28 6 9 ,5 1 8 U n io n R y C o o f N Y — £ 4 4 ,4 2 3 A p r 1 t o J u n e 30 £ 8 3 ,7 2 8 31 , 7 6 5 4 2 ,9 1 9 X 1 1 .7 4 0 Jan 1 to J u n e 30 149,925 132,386 £85 ,7 0 1 £161 ,204 £ 1 7 4 ,2 3 6 J u ly 1 to Ju n e 30 2 8 6 ,3 0 6 2 6 2 ,4 7 8 12,684 16,797 S a v a n n a h E lect C o . .J u n e 1 0 ,5 5 4 11 ,2 6 2 51 .01 2 5 3 ,5 8 0 Jan l to J u n e 3 0 . . . 6 7 ,6 3 7 6 3 ,3 2 3 1 3 ,3 1 7 1 .8 8 5 11 .4 6 6 T a m p a E lect Co .J u n e nil 0 8 ,6 7 7 9 2 ,5 4 7 11.379 Jan 1 t o J u n e 3 0 nil 6 ,294 17,043 10,613 T e r r e i l T r 6c L t C o June 13 , 7 7 7 24 . 4 0 0 5 9 .9 4 7 5 9 .2 2 9 Jan 1 t o J u n e 3 0 7 7 .8 3 5 7,0 1 1 5,821 5 ,879 9 ,715 T o l e d o U r b 6c I n t c r u r b J u ly 7 6 ,3 4 7 102,432 19 8 , 8 4 0 United R y s Co o f St L June 19 8 . 0 2 6 5 8 9 .0 9 6 2 2 7 .9 1 9 J u ly J t o J u n e 3 0 1 ,3 8 7 ,3 4 7 1 ,3 94,177 d D e c r e a s e In 1 9 0 5 d u e t o s trik e a n d b o y c o t t . x A f t e r a l l o w i n g for o b t e r I n c o m e r e c e iv e d . 376 [V L L X III. O. XX T H E C H RO NICLE. Canadian Pacific Railway. A N N U A L R EPO R TS. 30 1906.) The results for the fiscal year were as follows: (,S ta te m e n t f o r Y e a r e n d in g J u n e Annual R eports. —The following is an index to all annual reports of steam railroads, street railways and miscellaneous companies which have been published since the last editions -of the “ Railway and Industrial” and “ Street Railway’' sections. This index does n o t include reports in to-day’s “ Chronicle.’ R ailroads— Page. Buffalo Rochester & P itts._3 20, 328 California Northwestern. . . ______271 Cleveland Akron & C olum bus.. 152 Hocking Valley (preliminary statement) ___________________ 20!) Southern Railway Co_____________ 267 Industrial C om panies— American Cereal (bal. sheet). - 321 Amer. De Forest Wireless Tele graph (statement July 1 9 0 6 ).. 211 Amer. & British Mfg. C o ._____ 268 Amer. Iron & Steel Mfg. Co____ 268 Amer. Thread Co_________________ 268 British W est. Elect. & Mfg ... . 320 Brunswick Dock & City Impt. (bal. sheet)___________________ 322 California Wine Asso. (bal. sh.)_ 269 Calumet & Hecla Mining______ „ 209 Canadian General E lectric.. . . 321 Canadian W estlnghouse__________321 Colorado Fuel & Iron__________ 326 Crow’s Nest Pass Coal Co_______270 Dominion Iron & Steel_________ 210 Industrial C om pan ies— (Con.) P age Electric Co. of America_________ 321 Galveston W h arf________________ 322 Kings Co. Elect. L t. & P o w er.. 212 Marconi Wireless Teleg. Co. of America ______________________ 211 Nova Scotia Steel & Coal_______210 PageWovenWire Fence (bal.sh.) 322 Pittsburgh Plate Glass Co-------- 269 Pocahontas Collieries Co. (ofV a.) 270 Securities Co. of N. Y . (bal. sh.) 270 Southern Cotton Oil ________ 276 Toronto Electric Eight. ------------- 321 Union El. L. & P. Co. (St. Louis) 269 United States Steel (6 m onths). 267 Wells Fargo & Co. (off. statem’t) 268 Westlnghouse Electric & Manu facturing (6 y e a r s)...........209, 320 Wolverine Copper Mining---------- 329 Street R ailw ays— Kansas City Railway & L ig h t.. 319 Metropolitan Securities (balance sheet March 3 1 )______________ 152 W est India Electric Co., L td . . 152 1905-06. Gross earnings . ............................. _ .$61 ,669,758 _______ . . 38,696,446 Operating expenses____ 1904-05. $50,481,882 35,006,794 1903-04. $46,469,132 32,256,027 Net earnings .............................. . $22,973,312 1,969,447 Interest received.. . . . . . . . .. $15,475,088 1,584,664 514,213,105 1,691,269 Total net Income_____ . ____ ..$ 2 4 ,9 4 2 ,7 5 9 Fixed charges............. .. . . . . . $8,350,545 580,000 For steamships. . _ _ l 7,744,132 Dividends on common stock, 6 % Dividends on preferred stock . , 4 % / $17,059,752 $7,954,066 230,000 (5,577,000 (1,514,133 $15,904,374 $7,586,097 230,000 5,070,000 1,352,073 __ $8,268,082 $1,784,553 $1,666,204 Balance, surplus — V . 82, p. 1267. Missouri Kansas & Texas Railway. 30 1906.) The results for the late fiscal year compare as follows: ( S t a t e m e n t f o r F i s c a l Y e a r e n d in g J u n e 1905-06. 1904-05. 1903-04. 1902-03. Gross earnings_________ $21,159,145 $20,041,095 $17,766,595 $17,208,193 Oper. exp. and taxes 15,414,545 14,937,720 12,997,709 12,449,083 Net earnings_________ Fixed charges__________ Balance, surplus_____ $1,244,052 — V. 83, p. 96. 30 1906.) The following is an official comparative statement of the results of operations for the last fiscal year, the figures for 1905-06 being partly estimated: (.P r e l i m i n a r y S ta te m e n t f o r F i s c a l Y e a r E n d i n g J u n e 1905-06. $67,281,543 36,963,773 1904-05. $59,324,948 31,862,714 Net earnings_____________________________________ $30,317,770 Receipts from rentals and from other sources in excess of miscellaneous expenses______________ 7,767,491 $27,462,234 $38,085,261 8,883,416 $33,889,126 11,103 619 Balance____________________________________ Four per cent dividend on preferred stock .$29,201,845 3,982,032 Balance for common stole______________________ $25,219,813 6,426,892 $22,785,507 3,982,356 $18,803,151 The directors yesterday declared a semi-annual dividend of 5 per cent on the common stock, payable next month, making with the 3% paid in April last a total of 8% payable out of the earnings for the fiscal year ending June 30 1906. The amount of common stock now outstand ing is $195,495,900, having been largely increased during the year through exchange of convertible bonds. On this the above surplus, $25,219,813, is equal to almost 13%. See item on another page. “ There is charged in the above expenses and taxes and credited to the reserve fund for betterments, equipment and general and extraordinary repairs, subject to the action of the Board of Directors the sum of $2,206,510. The total credit to this reserve or protection fund as of June 30 1906 will be about $7,900,000.” The surplus for the year 1905-06 available for dividends on the common stock, it should be noted, would have been $27,426,423, instead of $25,219,813, had not the aforesaid extraordinary item of $2,206,610 been included with oper ating expenses.— V. 83, p. 156. Southern Pacific Co. 30 1906.) The following is an official comparative statement of the results of operation for the late fiscal year, the figures for 1905-06 being partly estimated: (P r e l i m i n a r y S t a t e m e n t f o r F i s c a l Y e a r E n d in g J u n e 1905-06. Dross receipts from transportation______________ $105,619,114 Expenses and taxes_______________________________ 70,586,650 1904-05. $95,515,158 65,973,436 Net earnings________________________________ $35,032,464 Sinking fund contributions, earnings of sinking fund investments and proceeds from sale of lands applied in redemption of bonds_________ $2,411,656 Receipts from rentals and from other sources, in excess of miscellaneous expenses______________ 1,042,489 $29,541,722 Total in c o m e___________________________________ $38,486,609 Less fixed charges, including rentals____________ 16,925,896 $32,049,039 17,962,139 Balance_________________________________________ Seven per cent dividend on preferred stock____ $21,560,713 2,769,879 $14,086,900 2,769,431 $18,790,834 $11,317,469 Balance for common stock $4,768,886 4,019,240 $4,759,110 3,758,759 $842,010 $749,646 51,000,351 th e Y e a r e n d in g J u n e 30 1906.) The results for the last four years compare as follows: Union Pacific RR. Less fixed charges, including rentals_____ $5,103,375 4,261,365 Boston & Maine Railroad. (S t a t e m e n t Gross receipts from transportation Expenses and taxes__________________ $5,744,600 4,500,548 $1,600,056 907,261 The directors yesterday declared a semi-annual dividend of 2 Y i % on the common stock, of which there was outstand ing at last accounts $197,849,258. Dividends on this amount at the rate of 5% annually call for $9,892,463. See item on another page. “ There is charged in the above expenses and taxes, and credited to the reserve fund for betterments, equipment and general and extraordinary repairs, subject to the action of the Board of Directors, the sum of $2,117,286 32. The credit to this reserve or protection fund as of June 30 1906 will be about $4,200,000.” The surplus for the year 1905-06 available for dividends on the common stock, it is pointed out, would have been $20,908,120 instead of $18,790,834, if this item of $2,117,286 Rad not been charged to operating expenses.—V. 83, p. 273. fo r E a rn in gs, E xp en ses, Etc. 1905-06. 1904-05. 1903-04. 1902-03. Gross earnings__________ $39,214,203 $36,213,245 $34,894,608 533,738,984 Operating expenses____ 29,353,369 26.619,740 25,271,907 24,233,372 Net earnings_________ Other incom e__________ $9,860,834 622,085 $9,593,505 587,589 $9,622,701 576,884 $9,505,612 527.625 Total net______________ $10,482,919 $10,181,094 $10,199,585 $10,033,237 Fixed charges___________ $8,294,715 $8,161,237 $8,198,844 $8,088,044 Sinking fund____________ 136,285 136,285 151,285 151,285 Balance_________________ $2,051,919 D ivid e n d s.a ____________ 1,834,646 Surplus_______________ $217,273 $1,883,572 1,806,646 $1,849,456 1,778,999 $1,793,909 1,771,722 $76,926 $70,457 522,186 a Includes 6 % on preferred and 7 % on common in all the years. Fourth Vice-President Hobbs says: “ By the distribution to stockholders Sept. 1 of 53,319 shares of new and treasury common stock, upon which annual dividends of $7 a share (7%) will be paid, the amount of the road’s annual dividend disbursements, after Jan. 1 1907, will be increased S373,233; but this increase will be practically offset by refunding op erations already concluded, through which the road’s fixed charge obligations will, from Sept. 1 next, be reduced by an annual saving of about $343,000 in interest payments upon its funded debt.” —V. 83, p. 332, 154. New York Ontario & Western Railway. 30 1906.) The results for the fiscal year were as follows: (S ta te m e n t f o r th e Y e a r e n d in g J u n e 1905-06. 1904-05. Gross earnings__________ $7,265,058 $7,090,888 Oper. exp. & taxes_____ 5,233,287 5,050,748 Net earnings_________ Other Income__________ $2,031,771 453,217 $2,040,140 451.216 1903-04. 1902-03. $6,652,483 56,176,518 5,072,936 4,557,087 $1,579,547 471,647 $1,619,431 401,937 N e tin c o m e__________ $2,484,988 $2,491,356 52,051,194 52,021,368 Interest, rentals, &c____ $1,297,486 $1,210,080 $1,164,366 $1,160,397 Dividends_____________ (2)1,162 296 (1 14)871,765 _______ _______ Balance, surplus_____ — 'V . 82, p. 1497. $25,206 $409,511 $886,828 5860,971 Norfolk & Western Railway. 30 1906.) (S t a t e m e n t f o r th e Y e a r e n d in g J u n e Results for four years have been as below7 : E a rn in gs, E xp en ses and, Charges. 1905-06. 1904-05. 1903-04. 1,839 1,799 1,723 Average miles operated. E arnings— $ Passenger, mail & exp__ 4,234,936 3,711,517 3,717,428 19,083,563 Freight---------- ---------------- 24,252,830 20,377,743 1902-03. 1,712 5 3,332,631 17,828,044 Total earnings------------ 28,487,766 Operating expenses— Malnt. of way & struct. _ 3,439,797 4.749,832 Maint. of equipment — Conducting tran sports. 8.355,373 519.621 General expenses---------- 24,089,260 22,800,991 21,160,675 3.095,910 3,917,268 7.136,484 464,772 2,854,163 3,550,968 6,813,496 454,700 2,754,200 3,041,414 6,014,468 407,129 Total expenses_______ 17,064.624 Net earnings------------------ 11,423,142 4,120.788 Fixed charges & t a x e s .. 14,614,434 9.474,826 3.760,600 13,673,328 9,127,663 3.300,801 12,217,211 8,943,464 3,051,534 Surplus for dividends. Divs. on preferred (4% ) Divs. on common---------do do % ------ 7,302,353 919,524 2,578,768 (4% ) 5,714,226 919,524 1,934.076 (3% ) 5,826,863 919,524 1,934.076 (3% ) 5,891,930 914,818 1.934.076 (3 % ) Balance, surplus-------— V . 83, p. 2 1 3,15 6. 3,804,061 2,860,626 2,973,263 3,043,036 Nashville Chattanooga & St. Louis Ry. 30 1906.) The following is a comparative statement for four years: (S ta te m e n t f o r th e Y e a r e n d in g J u n e 1905-06. 1904-05. 1903-04. Gross earnings_________ $11,120,982 $10,113,057 $10,206,022 Operating expenses-----8,354,913 7,552,650 7,581,030 Net earnings________ $2,766,069 Interest_________________ S950.680 Taxes __________________ 218,990 R en ta ls_________________ 624,862 Balance, surplus_____ — V . 82, p. 510. 5971,537 52,560,407 5955,981 218,753 625,878 $759,795 $2,624,992 $958,271 225,014 625,878 1902-03. $9,606,370 6,995,604 $2,610,766 5972,827 210,646 625,878 $815,829 • $801,415 The income account and balance sheets are shown below Central of Georgia Railway. 30 1906.) The complete text of the remarks of President J. F. Hanson will be found on pages 3S3 and 3S4 of to-day's ••Chronicle." Comparative tables of earnings, income ac count, &c., for four years are as follows: (R ep o rt fo r F isc a l Y ear e n d in g 1906. $ 2 ,7 5 4 ,4 6 5 7 ,7 3 7 ,6 6 1 4 4 8 ,5 6 0 4 5 5 ,4 3 7 T o t a l ____________________ 1 1 , 3 9 6 . 1 2 3 E xp en ses— M a i n t e n a n c e Of w a y , &C. 1 ,8 4 5 ,7 9 3 M a in t. of e q u ip m e n t -. . 1 .7 1 2 .1 3 2 Conducting t r a n s p o r t s . 3 ,8 9 2 ,8 3 0 G e n e r a l ________ ____________ 1 7 8 4 , 4 5 7 / T a x e s ________ _____________ / l 1905. $ 2 ,3 9 5 ,7 6 8 6 ,8 0 8 ,6 3 9 4 1 5 ,2 6 9 5 1 5 ,3 7 8 1904. $ 2 ,1 6 4 ,6 5 8 6 ,2 2 7 ,5 5 0 3 4 7 ,8 1 7 6 5 6 ,9 0 6 1903. $ 2 ,0 0 4 ,0 0 4 6 ,3 0 2 ,8 1 4 3 6 0 ,2 9 5 4 9 7 ,8 5 7 1 0 ,1 3 5 ,0 5 4 9 ,3 9 6 .9 3 1 9 ,1 6 4 ,4 7 1 1 9 0 5 -6 . $ 2 ,3 8 8 ,4 6 3 1 9 04 -0 5. $ 2 .1 3 3 ,8 0 7 1903 -0 4 . $ 1 ,9 8 4 ,0 2 3 1 6 5 ,2 2 4 1 7 2 ,6 5 5 1 6 4 ,9 0 2 1 9 0 2 -0 3 . $ f l , 5 2 0 ,1 9 7 1 4 3 2 ,4 1 8 1 0 4 ,7 1 2 T o t a l I n c o m e ----------------L ess g e n e r a l r e s e r v e ------W r i t t e n off fo r i m p r o v e m e n ts , b e t t e r m ’ ts, A c. 2 ,5 5 3 ,6 8 7 3 9 0 ,9 9 8 2 ,3 0 6 ,4 6 2 2 5 1 ,8 8 5 2 ,1 4 8 ,9 2 5 3 3 8 ,1 8 6 2 ,0 5 7 ,3 2 7 4 0 9 ,1 7 5 3 8 8 ,3 7 4 4 1 9 ,3 8 9 3 0 9 ,9 6 8 2 7 8 ,1 4 7 T o t a l ________ _________ P rofits ____________ 6 % o n prefe rred s t o c k . _ 7 7 9 ,3 7 2 1 ,7 7 4 ,3 1 5 1 ,0 7 4 ,0 9 0 671 ,274 1 ,6 3 5 ,1 8 8 1 ,0 7 9 ,5 3 7 6 4 8 ,1 5 4 1 ,5 0 0 ,7 7 1 1 ,0 7 1 ,9 8 1 6 8 7 ,3 2 2 1 ,3 7 0 ,0 0 5 1 ,0 7 8 ,8 0 0 7 0 0 ,2 2 5 5 5 5 ,6 5 1 4 2 8 ,7 9 0 2 9 1 ,2 0 5 P r o fits fr o m — P r o p e r tie s o w n e d ---------- 1 P r op e r tie s c o n t r o l l e d _ . J O t h e r s o u r c e s ....................... S u r p l u s -------------------------- B a la n c e S h eet J u n e 30. 1 ,6 0 7 ,5 3 0 1 ,7 4 4 ,2 2 6 3 ,3 9 4 ,3 6 9 3 4 5 ,4 0 2 3 2 6 ,4 3 9 1 ,8 2 3 ,5 1 7 1 ,2 5 8 ,5 9 7 3 ,4 4 6 ,8 6 6 3 3 5 ,5 2 9 3 2 2 ,S77 1 ,8 5 7 ,7 6 8 1 ,4 1 6 ,2 2 1 3 ,2 1 8 ,6 5 1 3 3 0 ,0 9 2 2 6 9 ,8 1 7 T o t a l ____________________ 8 ,2 3 5 ,2 1 3 P. c. of o p . e x p . t o earns. (7 2 .2 6 ) N e t e a r n i n g s ______________ 3 ,1 6 0 .9 1 0 O t h e r i n c o m e ____________ 2 7 4 ,6 2 1 7 ,4 1 7 .9 6 6 (7 3 .1 9 ) 2 ,7 1 7 ,0 8 8 2 4 S .3 6 4 7 ,1 8 7 ,3 8 6 (7 6 .4 9 ) 2 ,2 0 9 ,5 4 5 2 2 0 ,6 6 1 7 ,0 9 2 .5 4 9 ( 7 7 .8 9 ) 2 ,0 7 1 ,9 2 2 1 9 2 ,4 1 4 T o t a l _____________ D ed u ct— Interest on fu n d e d d e b t R e n t a l s ____________________ M i s c e l l a n e o u s ......... .............. 3 ,4 3 5 ,5 3 1 2 ,9 6 5 ,4 5 3 2 ,4 3 0 ,2 0 6 2 ,2 6 4 ,3 3 6 1 ,6 7 2 ,5 8 0 4 2 0 ,7 6 7 9 1 ,5 1 3 1 ,6 7 2 ,0 4 4 3 6 6 ,3 0 4 7 2 ,5 8 8 1 ,6 6 6 ,2 9 9 3 5 8 ,8 6 8 6 6 ,5 7 3 1 ,6 6 3 ,9 0 0 3 5 0 ,1 0 4 4 6 ,8 2 4 T o t a l _____________________ 2 .1 8 4 .S 6 0 S u r p l u s _____________________ 1 ,2 5 0 ,6 7 1 D i v . on 1st i n c o m e s ____ « ( 5 ) 2 0 0 , 0 0 0 D Iv . on 2d i n c o m e s ____ < 2 ( 5 ) 3 5 0 , 0 0 0 D iv . on 3d i n c o m e s ____ a ( 5 ) 2 0 0 , 0 0 0 In co m e A cco u n t. June E a r n in g s, E x p e n s e s , C h a rg es, A c . E a r n in g s — P a s s e n g e r ..........................- F r e i g h t ____________________ M a ll a n d e x p r e s s . ............... M i s c e l l a n e o u s _____________ 377 THE CHRONICLE. A ug . is 1906.] 2 ,1 1 0 ,9 3 6 8 5 4 .5 1 7 (5 )2 0 0 ,0 0 0 (5 )3 5 0 ,0 0 0 (5 )2 0 0 ,0 0 0 2 ,0 9 1 ,7 4 0 3 3 8 ,4 6 6 (5 )2 0 0 ,0 0 0 (2 )1 4 0 ,0 0 0 _ 2 ,0 6 0 ,8 2 8 2 0 3 ,5 0 8 (5 )2 0 0 ,0 0 0 1906. 1905. 1904. Assets— R e a l e s t a t e ......... ..................................................... B uildin g s a n d m a c h i n e r y -----------------------L i g h t e r s , t u g s , t o o l s , A c -----------------------P r o p e r t y p u r c h a s e d a f t e r o rg a n Iza’ n . P h o s p h a t e p r o p e r t i e s ------------------------------S c h o o n e r s ___________________________________ B r a n d s , t r a d e - m a r k s , p a t e n t s , A c ___ P r e f. s t o c k in t r e a s u r y . ............... ................ C o m m o n s to c k in t r e a s u r y ---------- ----------A c c o u n t s r e c e i v a b l e --------------------------------Bills r e c e i v a b le ------------------------------------------M e r c h a n d is e a n d s u p p l i e s ---------- ----------I n s u r a n c e u n e x p i r e d ______________________ T a x e s a n d lic en se s u n e x p i r e d - ............... C a s h in b a n k _______________________________ T o t a l a s s e t s _____________________________ Liabilities— 2 ,3 1 0 ,1 7 8 5 ,3 2 0 ,5 2 4 9 0 8 ,1 5 7 1 ,2 1 4 ,2 4 7 1 ,3 1 7 ,6 1 5 1 9 ,5 5 0 1 6 ,4 9 3 ,4 5 7 1 ,8 6 8 ,0 0 0 2 ,8 8 5 ,9 0 0 8 ,8 0 2 ,6 6 7 1 ,7 1 1 ,0 1 0 4 ,4 4 2 ,9 4 8 1 89 ,3 9 0 f ) 4 8 3 ,0 8 1 4 7 ,8 6 6 ,7 2 4 1 2 ,3 7 1 ,1 2 3 5 ,1 0 1 ,7 8 3 8 4 0 ,5 7 5 1 ,0 2 9 ,6 0 9 1 ,0 5 1 ,6 2 1 2 6 ,0 6 7 1 6 ,3 5 9 ,5 6 6 2 ,1 1 8 ,5 0 0 2 ,9 2 8 ,4 0 0 7 ,5 9 0 ,4 1 6 1 ,7 0 3 ,1 4 7 4 ,3 2 6 ,5 0 4 7 2 ,5 9 0 2 7 ,7 1 9 8 2 3 ,9 3 7 2 ,3 2 5 ,9 7 5 4 ,9 6 5 ,5 3 4 7 9 8 ,4 7 8 1 ,0 7 0 ,4 8 6 1 ,0 5 1 ,6 2 1 2 6 ,0 6 7 1 6 ,2 4 1 ,2 8 9 2 ,1 5 9 ,9 0 0 2 ,9 3 8 ,8 0 0 7 ,0 7 3 ,0 7 1 1 ,2 7 7 ,9 8 0 4 ,8 0 9 ,5 0 8 7 0 ,7 8 0 2 3 ,9 6 5 6 0 8 ,6 5 6 4 6 ,3 7 1 ,5 5 6 4 5 ,4 4 2 ,1 0 8 ___ S t o c k , c o m m o n ------------------------------------------- 2 0 , 0 0 0 , 0 0 0 2 0 ,0 0 0 ,0 0 0 2 0 ,0 0 0 ,0 0 0 S t o c k , p r e f e r r e d __________________________ 2 0 , 0 0 0 , 0 0 0 2 0 ,0 0 0 ,0 0 0 2 0 ,0 0 0 ,0 0 0 C u r r en t a c c o u n t s — ........................................ l 4 1 8 ,7 0 7 / 4 5 1 ,1 2 7 3 5 3 ,1 9 0 B a l a n c e fo r y e a r ______ s u r . 5 0 0 , 6 7 1 s u r . 1 0 4 , 5 1 7 d e f .1 ,533 s u r .3 ,5 0 8 1 3 ,2 9 5 A c c r u e d t a x e s --------------------------------------------- / 11 ,8 1 5 1 3 ,8 5 0 ,0 0 0 N o t e s p a y a b l e _____________________________ 2 ,8 0 0 ,0 0 0 2 ,7 0 0 ,0 0 0 a T h e s e d i v i d e n d s w e re d e c la r e d o n A u g . 10 1 9 0 6 a n d are p a y a b l e G e n e r a l r e s e r v e ------------------------------------------4 1 0 ,3 1 3 4 9 4 ,5 1 2 4 8 4 ,1 7 0 Oct. 1 1906. 8 5 ,9 7 1 R e s e r v e for r e n e w a l s ______________________ 2 7 9 ,0 4 5 1 1 5 ,0 0 5 G en era l B a la n c e S h eet J u n e 30. R e s e r v e fo r i n s u r a n c e a n d I n t e r e s t ___ 6 7 .9 3 2 P r o fit a n d lo s s , s u r p l u s -------------------------3 ,0 3 3 ,8 0 2 2 ,3 3 3 ,5 7 7 1906. 1905. 1904. 1903. 1 ,7 7 7 ,9 2 7 A ssets— $ § $ $ 4 7 ,8 6 6 ,7 2 4 T o t a l l i a b i l i t i e s - ______ _____________ R o a d a n d e q u i p m e n t ___ 5 5 , 1 5 7 , 7 9 4 5 3 ,6 9 1 ,6 5 6 5 3 ,6 2 5 ,1 1 4 5 3 ,4 7 5 ,1 1 4 4 6 ,3 7 1 ,5 5 6 4 5 ,4 4 2 ,1 0 8 — V. 81, p. 976, 724. E q u i p m e n t t r u s t s ________ 2 ,4 2 9 ,7 6 5 1 ,7 8 8 ,9 9 8 1 ,2 9 6 ,3 6 3 5 2 6 ,5 6 6 I n v e s t m e n t s _____ ________ 1 ,0 3 0 .2 1 9 5 2 9 ,2 9 5 3 8 8 ,2 6 3 315 ,3 7 1 M a t e r ia ls a n d s u p p l i e s . _ 5 6 5 ,7 1 7 4 5 0 ,2 2 9 3 2 5 ,2 5 9 4 2 4 ,6 8 7 Colorado Fuel & Iron Co. D e fe r r e d a s s e t s ___________ 7 3 ,8 2 7 1 8 0 ,5 0 1 1 4 4 ,8 0 8 85,371 F u n d w i t h t r u s t e e fo r (R eport fo r F is c a l Y ea r ending J u n e 30 1906.) co m p letion of lin e G r e e n v ille t o N e w m a n 3 1 7 ,4 1 6 ________ ________ _ _____ President F. J. Hearne, Denver, July 28 1906, says in C a s h o n h a n d ------------------1 ,2 1 1 ,1 8 2 1 ,6 1 7 ,0 2 6 1 ,4 1 2 ,9 3 7 1 ,2 7 1 ,9 0 2 substance: C a s h in t r a n s i t ----------------1 0 5 ,3 0 9 1 4 5 ,7 0 8 1 1 6 ,7 3 5 9 8 ,9 0 9 D u e f r o m a g e n t s --------------1 2 6 ,5 8 9 6 3 ,0 0 6 4 8 ,2 5 0 72 ,5 2 2 E a r n i n g s .— T h e gross e a r n i n g s fo r t h e y e a r w e r e $ 2 2 , 3 2 0 , 0 4 6 , a n i n c r eas e I n d i v i d u a l s a n d c o s _____ 6 9 3 ,9 9 3 3 6 6 ,6 0 5 3 1 5 ,5 7 2 3 7 7 ,0 0 8 of $ 3 , 7 0 5 ,0 2 8 as c o m p a r e d w ith th e prece d in g y ear. T h e g ro s s e a r n i n g s D u e fro m U . S . G o v ’t - . 6 5 ,6 6 6 7 2 ,8 7 1 6 0 ,0 7 5 56 ,7 5 0 o f t h e iro n d e p a r t m e n t s h o w a n in c r e a s e o f $ 3 , 2 8 3 , 4 4 1 , a n d t h e i n d u s t r ia l T r a ffic b a l a n c e s _________ 8 7 ,0 4 9 49 ,5 4 1 3 1 ,1 9 2 (fuel) d e p a r t m e n t a n in c r e a s e o f $ 4 2 8 , 4 5 0 . T h e net earnings fr o m o p era N o t e s r e c e i v a b l e __________ 2 1 0 ,8 1 6 4 5 ,8 2 5 3 1 6 ,4 9 3 3 9 2 ,6 5 0 tio n s were $ 2 , 5 5 9 , 0 2 8 , s h o w i n g a n in c r e a s e o f $ 1 , 0 8 4 , 8 3 5 . T h e tota l net ea r n in g s f r o m all s o u r c e s a m o u n t e d t o $ 3 , 0 6 4 , 7 2 9 , a n i n c r e a s e o f $ 1 , 1 4 2 , 6 8 2 . T o t a l ------------------------------- 6 2 , 0 7 5 , 3 4 3 5 9 ,0 0 1 ,2 6 2 5 8 ,0 8 1 ,0 6 0 5 7 ,0 9 6 ,8 5 0 A f t e r t h e p a y m e n t o f a ll f i x e d c h a r g e s , i n t e r e s t , t a x e s , s i n k i n g f u n d s , r e n t L ia b ilitie s — a ls , A c . , th e r e is le f t a s u r p lu s o f $ 6 7 1 , 8 1 2 , c a r r ie d t o t h e c r e d i t o f p r o fit C a p i t a l s t o c k --------------------5 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 a n d lo ss, a g a i n s t a deficit fo r t h e p r e c e d i n g y e a r o f $ 3 4 1 , 9 9 3 . B y reason F u n d e d d e b t -------------------5 0 ,0 3 3 ,0 0 0 4 8 ,8 6 3 ,0 0 0 4 8 ,7 9 6 ,0 0 0 4 8 .6 4 6 ,0 0 0 o f I n a b i li t y t o d e v e l o p t h e i r o n - o r e p r o p e r t i e s w i t h s u ff ic i e n t r a p i d i t y , t h e Interest on fu n d ed d e b t . 3 5 2 ,6 9 8 3 3 5 ,1 4 8 3 3 4 ,9 2 5 3 3 4 ,4 2 5 o p e r a t i o n s o f t h e p a s t y e a r w e re b u r d e n e d w i t h a n e x p e n s e o f $ 2 3 8 , 8 4 4 T a x e s --------------------------------1 6 4 ,5 2 9 1 5 3 ,8 9 3 1 4 4 ,2 3 5 1 3 2 ,2 3 7 fo r t h e e x ces s c o s t o f L a k e S u p e r io r ore p u r c h a s e d . I t is n o t p r o b a b l e t h a t V o u c h e r s a u d i t e d ________ 333,7 9 1 2 4 7 ,9 5 1 4 0 9 ,2 8 4 3 5 6 ,8 7 3 th is c o n t i n g e n c y w ill a g a i n arise. P a y c h e c k s - ____________ 3 5 0 ,7 2 4 2 9 6 ,8 4 3 2 6 9 .8 8 6 305,1 4 1 L a b o r C o n d i t i o n s .— D u r i n g t h e p a s t y e a r n o s t r ik e s or d iffe r e n c e s o f a n y Interest and rentals due 1 3 4 ,7 6 6 1 2 5 ,0 7 1 1 0 6 .1 5 1 105,5 9 2 m o m e n t h a v e o c c u r r e d b e t w e e n t h e c o m p a n y a n d its e m p l o y e e s , a n d all 3 2 4 ,6 6 7 3 4 7 ,9 5 1 5 5 5 ,8 0 7 7 9 8 ,5 7 6 R e s e r v e f u n d ______________ la b o r c o n d i t i o n s are q u i t e s a t i s f a c t o r y , e x c e p t t h e s h o r t a g e o f a b o u t 1 , 0 0 0 T u n n e l C oal C o ___________ 9 8 ,2 4 2 ________ ________ ________ m e n , t o w h o m , if a v a i l a b l e , e m p l o y m e n t c o u l d b e g i v e n a t p r e s e n t t i m e . G r e e n v ille A X e w m ’n R y . 2 6 1 ,4 9 1 ______ _ ________ ________ I m p r o v e m e n t s a n d M a i n t e n a n c e .— T h e r e is u n d e r c o n t e m p l a t i o n t h e I m p r o v e m e n t f u n d _____ 8 0 4 ,3 6 2 5 5 6 ,8 1 1 5 8 0 ,6 0 9 5 5 7 ,1 6 2 o p e n in g o f t w o , a n d p r o b a b l y t h r e e , a d d i t i o n a l c o a l m i n e s i n L a s A n i m a s E q u i p , tr u s t o b l i g a t i o n s 2 ,4 2 9 ,7 6 5 1 ,7 8 8 ,9 9 7 1 ,2 9 6 ,3 6 3 5 2 6 ,5 6 6 C o u n t y , C o l o . , w h i c h w ill n o t o n l y a d d t o t h e t o n n a g e o f co a l fo r c o m M i s c e l l a n e o u s ____________ 3 8 9 ,4 4 1 4 2 8 ,9 3 9 2 4 5 ,7 2 1 1 2 8 ,0 9 7 m e r c ia l p u r p o s e s , b u t will e n a b l e t h e c o k e o v e n s in t h a t d i s t r i c t , w h e r e t h e P r o fit a n d l o s s ___________ 1 ,3 9 7 ,8 6 7 8 5 6 ,6 5 5 3 4 2 ,0 7 8 2 0 6 ,1 8 0 largest n u m b e r are l o c a t e d , t o b e m o r e f u l l y o p e r a t e d , m a t e r i a l l y i n c r e a s i n g t h e s u p p l y o f c o k e b o t h fo r c o m m e r c i a l p u r p o s e s a n d fo r c o n s u m p t i o n a t th e 5 9 ,0 0 1 ,2 6 2 5 8 ,0 8 1 ,0 6 0 5 7 ,0 9 6 ,8 5 0 T o t a l ____________________ 6 2 , 0 7 5 , 3 4 3 M innequa W o r k s . — V . 8 3 . p. 9 3 , 36. T h e d e v e l o p m e n t o f t h e i r o n -o r e p r o p e r ti e s a t F i e r r o , N e w M e x i c o , a n d C h ic a g o a n d S u n r i s e , W y o . , h as p r o g r e s s e d s a t i s f a c t o r i l y , a n d t h e q u a n t i t y o f ore n o w b lo c k e d o u t a n d i n s i g h t is in e x c e s s o f t h a t a t a n y p e r i o d in t h e Gulf & Ship Island Railroad. history of th e c o m p a n y . T h e w o r k o f e x p a n d i n g th is c la s s o f r a w m a t e r i a l ( S t a t e m e n t f o r th e Y e a r e n d i n g J u n e 30 1906.) will c o n t i n u e , a n d it Is n o w e x p e c t e d t h a t e n o u g h iro n ore will b e s h o w n t o m e e t t h e g r o w i n g d e m a n d fo r m a n y y e a r s . The results for the fiscal year were as follows: D u r i n g th e p a s t y e a r , f o u r o f t h e five b l a s t f u r n a c e s ( A , B , C , D a n d E ) h a v e b een In c o n s t a n t o p e r a t i o n , a n d in t h e n e a r f u t u r e t h e fi fth will b e 1 9 0 3 -0 4 . 1 9 0 5 -0 6 . 1 9 0 4 -0 5 . p lac ed in c o m m i s s i o n . I n ord er t o h a v e o n e f u r n a c e a t all t i m e s a v a i l a b l e , A v e r a g e m iles o p e r a t e d ............ ................ .. 284 275 2 61 In case o f s t o p p a g e o f a n y o n e o f t h e m , c o n t r a c t s h a v e b e e n m a d e fo r t h e G ross e a r n i n g s _____________________________ $ 2 , 1 3 8 , 7 7 9 $ 1 ,8 2 9 ,8 1 6 $ 1 ,8 7 7 ,3 9 7 c o m p le t i o n o f a n e n t i r e l y n e w f u r n a c e ( F ) , u p o n w h i c h a lar g e a m o u n t o f 1 ,2 2 9 ,2 3 5 O p e r a t i n g e x p e n s e s a n d t a x e s ________ 1 ,4 5 7 ,1 1 1 1 ,3 9 7 ,2 4 2 m o n e y w as e x p e n d e d s o m e y e a r s a g o a n d w o r k s u s p e n d e d t h e r e o n . W ith P . c. o f e x p . an d tax e s to e a r n i n g s ._ (6 8 .1 3 ) (6 7 .0 2 ) (7 4 .4 8 ) th e a u g m e n t e d s u p p l y o f c o k e a n d iro n ore a b o v e m e n t i o n e d , t h i s b a t t e r y o f six b la s t f u r n a c e s will p r o v i d e a n a m p l e s u p p l y o f p i g Iron fo r t h e i n $ 6 8 1 ,6 6 8 $ 4 8 0 ,1 5 5 $ 6 0 0 ,5 8 1 crea sed o p e r a t i o n s o f t h e M i n n e q u a W o r k s a n d its fin ish ed m a r k e t a b l e O t h e r In c o m e . 2 5 ,3 9 2 6,221 1 1 ,8 0 0 products. C o n t r a c t s h a v e b e e n m a d e fo r d o u b l i n g t h e c a p a c i t y o f th e o p e n - h e a r t h $ 4 8 6 ,3 7 6 $ 6 1 2 ,3 8 1 $ 7 0 7 ,0 6 0 p l a n t a t M i n n e q u a b y t h e a d d i t i o n o f s ix 5 0 - t o n f u r n a c e s , t o g e t h e r w i t h th e 2 4 3 ,9 8 2 F i x e d ch a rges 3 0 5 .7 8 4 3 0 6 ,9 2 6 erec tio n o f a n e w c a lc i n in g p l a n t a n d a h o t - m e t a l s t o r a g e t a n k , t o f a c i l i t a t e th e operations o f th a t d e p a r tm e n t. A t t h e rail m i l l , a ls o a t M i n n e q u a , S u r p lu s $ 4 0 1 ,2 7 6 $ 3 6 8 ,3 9 9 $ 1 7 9 ,4 5 0 a d d i t i o n s h a v e b e e n m a d e t o t h e f i n is h in g d e p a r t m e n t t h e r e o f , a n d t h a t — V . 8 3 , p 95 p l a n t is b e i n g g e n e r a l l y r e i n f o r c e d t o s u c h a n e x t e n t t h a t a n in c r e a s e d o u t p u t o f finished rails m a y b e e x p e c t e d . Louisiana & Arkansas Railway. C o n t r a c t s h a v e a ls o b e e n m a d e w h e r e b y t h e p r o d u c t i o n o f t h e b o l t a n d ( S t a t e m e n t f o r th e Y e a r e n d i n g J u n e 30 1906.) s p i k e fa cto ries will b e a b o u t d o u b l e d , a n d t h e N o . 2 r o d m ill (h e r e t o fo r e u n finished) has b e e n c o n v e r t e d i n t o a r o lli n g m ill fo r t h e a u g m e n t e d p r o d u c The results for the fiscal year were as follows: tion o f r o u n d s a n d s q u a r e s fo r s u b s e q u e n t m a n u f a c t u r e i n t o b o l t s a n d s p ik e s . 1 9 03 -0 4. 1 9 05 -0 6. 1 9 04 -0 5. D u r in g t h e p a s t y e a r e x p e n d i t u r e s fo r i m p r o v e m e n t s a n d b e t t e r m e n t s A v e r a g e m ile s o p e r a t e d 148 _______________ 187 167 at the M in n e q u a W o r k s , coal an d iron-ore m in e s, an d lim eston e quarries, G r o s s e a r n i n g s _ _ __ ___________ _____ $ 1 , 0 5 7 , 5 2 6 $ 7 0 4 ,6 7 1 $ 8 4 4 ,5 3 6 h a v e been m a d e u p o n a g e n e r o u s s c a l e , a n d t h e s e p r o p e r ti e s are In g o o d Operating expenses an d t a x e s . _ . 4 9 0 ,2 7 1 6 8 6 ,1 8 2 5 1 6 .4 1 8 c o n d i t i o n fo r c o n t i n u o u s o p e r a t i o n . P e r ce n t o f e x p . a n d t a x e s t o e a r n s ___ ( 6 9 .5 7 ) (6 1 .1 4 ) (6 4 .7 9 ) W a t e r S u p p l y . — T h e w a t e r s u p p l y fo r t h e w o r k s a t M i n n e q u a h as b e e n In a d e q u a t e a n d u n c e r t a i n , a n d th e r e h a s b e e n c o n s t a n t d a n g e r o f Its c o m $ 2 1 4 ,4 0 0 N e t e a r n i n g s ____________________________ $ 3 7 1 ,3 4 4 $ 3 2 8 ,1 1 8 p lete failure. A f t e r m a t u r e d e l i b e r a t i o n , t h e b o a r d o f d ire c to r s a p p r o v e d o f 2 4 ,1 8 6 O t h e r I n c o m e ............ ......... ................ 20 ,9 8 1 2 0 ,0 5 0 th e c o n s t r u c t io n o f a c o n d u i t , or c a n a l , a b o u t 3 7 m ile s In l e n g t h , t o b r i n g T o t a l n et i n c o m e .................................. ........ $ 2 3 8 ,5 8 6 w a t e r fro m t h e A r k a n s a s R i v e r t o t h e r e s e r v o i r s l o c a t e d on t h e p la i n s a b o u t $ 3 9 2 ,3 2 5 $ 3 4 8 ,1 6 8 5 miles s o u t h w e s t o f t h e M i n n e q u a W o r k s , w h e r e It will b e I m p o u n d e d a n d F l x : d ch arges a n d o t h e r d e d u c t i o n s . . 1 5 3 ,6 6 6 124 . 6 3 3 1 4 1 ,3 5 2 clarified a n d t h e n c o n d u c t e d to t h e v a r i o u s p o in t s w h e r e It will b e u t iliz e d B a l a n c e , su r p lu s . __________________ In th e w o r k s . It will b e p o s s i b l e t o c o m p l e t e t h e e n t ir e s y s t e m b y t h e e n d $ 2 0 6 ,8 1 6 $ 2 3 8 ,6 5 9 $ 1 1 3 ,9 D — V . 8 2 , p. 1212. o f th e p resen t c a l e n d a r y e a r , a f t e r w h i c h a d a ll y s u p p l y o f 5 5 , 0 0 0 , 0 0 0 g a llo n s will be p r o v i d e d a n d w i t h su ffic ie n t s t o r a g e c a p a c i t y t o g u a r d a g a i n s t a n y American Agricultural Chemical Company. p r o b a b le c o n t i n g e n c y t h a t m a y arise t o I n t e r r u p t t h e c o n s t a n t flow to th e works. (See p r in t e d r e p o r t o f C o n s u l t i n g E n g i n e e r J o h n B l r k l n b i n c o f ( R e p o r t f o r F i s c a l Y e a r e n d i n g J u n e 30 1906.) P h ila d e lp h ia .) F u n d s f o r C a p i t a l E x p e n d i t u r e s .— T o p r o v i d e f o r t h e e n l a r g e m e n t o f fa c ili Treasurer Thos. A. Doe, New York, Aug. 10 1906, says: ties n e c e s s ita te d b y Increase d d e m a n d s u p o n o p e r a t i o n s d u r i n g t h e y e a r e n d e d J u n e 3 0 1 9 0 5 , th e r e w a s e x p e n d e d $ 2 5 3 , 7 8 9 , a n d , for lik e r e a s o n s , T h e ea rnings for th e y e a r w e r e $ 2 , 5 5 3 . 6 8 7 . A fter deducting $ 3 8 8 ,3 7 4 d u r in g th e y e a r e n d e d J u n e 3 0 1 9 0 6 th e r e w as e x p e n d e d $ 7 4 0 , 1 6 6 , all o f c h a r g e d off for I m p r o v e m e n t s , b e t t e r m e n t s , r e n e w a l s , A c . , a n d $ 3 9 0 , 9 9 8 w h i c h has been c h a r g e d t o c a p i t a l a c c o u n t , a n d has r e s u lte d In a s u b s t a n set aside for fire insu ra nc e r e s e r v e , c o n t i n g e n c i e s , fr e i g h t s . A c . , th e r e r e tial I m p a ir m e n t o f t h e w o r k i n g c a p i t a l , a n d It b e c a m e n e c e s s a r y t o p r o v i d e m a i n e d as profits a v a i l a b l e for d i v i d e n d s . $ 1 , 7 7 4 , 3 1 4 . T h e t o t a l s u r p lu s for Its r e s to r a tio n to th e t r e a s u r y , a n d t o p r o v i d e for fu r t h e r e n l a r g e m e n t on J u n e 30 1 9 0 6 , a fter d e d u c t i n g t w o s e m i - a n n u a l d i v i d e n d s , w a s $ 3 , 0 3 3 . o f th e c a p a c i t y o f th e p l a n t s a n d for t h e p u r c h a s e o f a d d i t i o n a l e q u i p m e n t . 8 0 2 , an a d d itio n o f $ 7 0 0 , 2 2 4 . T h e a m o u n t o f o u t s t a n d i n g bills p a y a b l e A n offer w as s u b m i t t e d to th e s t o c k h o l d e r s to subscribe* for $ 2 , 0 0 0 , 0 0 0 h a s been Increased b y th e p u r c h a s e o f a n u m b e r o f v e r y d e s ir a b le p r o p e r ti e s , c a p ita l s t o c k o f t h e c o m p a n y a n d fo r t h e p u r c h a s e o f $ 4 , 0 0 0 , 0 0 0 C o l o r a d o t h e e x p e n d it u r e o f a c o n s id e r a b le a m o u n t fo r n e c e s s a r y n e w c o n s t r u c t i o n In d u stria l 5 % 3 0 - y e a r g o ld b o n d s . Series B , held In Its t r e a s u r y . I he a n d th e Increase In v o l u m e o f t h e c o m p a n y ' s bu s in es s . S in c e J u n e 30 the r esp o n se fr o m th e s t o c k h o l d e r s w a s n o t o f a c h a r a c t e r t o Insure t h e su c c e s s o u t s t a n d i n g bills p a y a b l e h a v e b een red u c e d b y th e p a y m e n t o f n otes m a o f t h e p l a n , b u t th e P r e s id e n t w a s . f o r t u n a t e l y , a u t h o r i z e d t o c o n t r a c t w ith t u r e d , $ 9 5 0 , 0 0 0 , le a v i n g a t th is d a t e $ 2 , 9 0 0 , 0 0 0 . o f w h ich $ 2 , 5 0 0 , 0 0 0 con b a n k e r s for u n d e r w r i t i n g th e s e c u r i t ie s , a n d . u n d e r t h e p r o v i s i o n s o f this elsts o f th e t h r e e -y e a r n o t e s m a t u r i n g M a r c h 1 1 9 0 8 . T h e o u t l o o k fo r the c o n t r a c t , th e c o m p a n y w ill, on A u g . 8 , be p lac ed in p o s s e s s io n o f $ 4 , 1 6 0 , 0 0 0 f u t u r e c o n tin u e s to be e n c o u r a g in g . [VO LXXXIII. L. THE CHRONICLE. 378 fo r th e p u r p o s e s m e n tio n e d . I t is f i r m l y b e l i e v e d t h a t t h e a d d e d f i x e d c h a r g e o f $ 2 0 0 , 0 0 0 p e r a n n u m w ill b e r e t u r n e d s e v e r a l t im e s o v e r t o t h e y e a r ly in c o m e o f th e c o m p a n y b y e c o n o m ie s In , a n d In c r e a s e o f , p r o d u c t io n . P r o s p e c t s .— F o l l o w i n g t h e a r d u o u s , t h o u g h s u c c e s s f u l , f i n a n c i a l r e h a b i l i t a t io n o f th e c o m p a n y , a n d th e e x h a u s tin g e ffe c ts o f a p r o lo n g e d a n d b itt e r ly c o n t e s t e d c o n f l i c t w it h it s c o a l m i n e r s , t h e s t o c k h o l d e r s a r e t o b e c o n g r a t u la t e d u p o n th e s te a d ily In cre a se d p r o d u c t io n , w ith th e c o r r e s p o n d in g a u g m e n t e d g r o s s a n d n e t e a r n in g s t o t h e m a x im u m e v e r a t t a in e d . The c o m p a n y h a s n o w b e e n p u t u p o n a b a s i s w h e r e a s u r p l u s o f e a r n i n g s is s h o w n a b o v e a ll r e q u ir e m e n t s f o r o p e r a t in g a n d fix e d c h a r g e s , t a x e s , s in k in g fu n d s , r e n ta ls , & c ., a n d , b a r r in g u n fo r e s e e n c o n tin g e n c ie s , m a y b e e x p e c t e d t o s h o w s u b s t a n t ia l in c r e a s e in b o t h g r o s s a n d n e t e a r n in g s fr o m o p e r a t io n s w ith e a c h s u c c e e d in g y e a r . T h e d e m a n d f o r y o u r p r o d u c t s Is e s p e c i a l l y p r o m i s i n g f o r t h e c u r r e n t y e a r a n d , in t h e e a s e o f s t e e l r a i l s , t h e e n g a g e m e n t s m a d e w ill a b s o r b t h e p r e s e n t c a p a c it y o f th e w o r k s w e ll in t o th e y e a r 1 9 0 8. T o n n a g e S ta te m e n t [o r T o n s , 2 , 0 0 0 lbs. C oal ____________— C o k e __________________ Iron ore _________ . L i m e s t o n e _ _ _____ I r o n a n d s t e e l _____ I n c r e a s e -------------aK ’ 1l (\A 1 9 0 5 - 0 6 . O ver’0 4 -0 5 . O ver’0 3 -0 4 . 1 9 0 4 -0 5 . 4 ,5 0 4 ,7 5 3 12% 49% -5 ,0 5 6 ,3 7 8 9 4 8 ,5 5 4 115% 15% _ 1 ,0 9 5 ,1 3 3 4 8 3 ,5 7 1 317% 6 6 % ♦ 8 0 3 ,3 8 4 2 1 3 ,0 0 7 240% 3 6 9 ,9 2 1 74% 1 ,4 4 4 ,1 7 7 155% 32% -1 ,9 0 0 ,1 6 8 ____________ _ 9 , 2 2 4 , 9 8 4 T o ta ls Y e a r s e n d in g J u n e 3 0 . 87% 2 1 % 7 ,5 9 4 ,0 6 2 1 9 0 3 -0 4 . 3 ,3 9 1 ,5 4 8 5 0 8 ,6 0 0 1 9 2 ,8 7 0 1 0 8 ,7 6 2 7 4 4 ,3 3 3 4 ,9 4 6 ,1 1 3 * E x c l u s i v e o f 7 2 ,,9 9 2 g r o s s t o n s o f i r o n o r e p u r c h a s e d f r o m L a k e S u p e r i o r S a les y e a r — T o n s , 2 ,0 Q 0 lb s. 1 9 0 5 - 0 6 . C o a l _______ . 2 ,4 3 8 ,2 6 6 C oke _ _ _ _ _ _ 4 6 6 ,7 4 4 I r o n o r e _____ __________ L im e s to n e _ __________ Ir o n a n d ste e l 4 0 7 ,5 6 1 ---------------- U sed b y C o m p a n y y e a r 1 9 0 5 - 0 6 . -----------------P la n ts at M i n - O n h a n d n eq u a . J a n e 3 0 0 6 M tries. C oke O ven s. 4 8 8 ,5 5 3 7 ,4 2 4 1 4 9 ,8 1 1 1 ,9 8 4 ,8 0 8 6 3 7 ,1 3 4 4 ,1 2 8 21 _________ 8 0 4 ,9 7 3 3 6 9 ,9 2 1 1 ,9 7 8 ___ ___ 1 ,4 7 2 ,7 3 3 8 0 ,6 6 6 S ta te m e n t o f E a r n in g s a n d E x p e n s e s . 1 9 0 5 -0 6 . $ 1 2 ,4 5 4 ,6 4 3 9 ,4 9 9 ,3 1 7 3 6 6 ,0 8 5 _________ 1 9 0 4 -0 5 . $ 9 ,1 7 1 ,2 0 3 9 ,0 7 3 , 6 5 ( 5 3 6 3 ,2 9 ( 5 2 2 ,3 2 0 ,0 4 6 1 8 ,6 1 5 ,0 1 7 I r o n d e p a r t m e n t ______________________________________________ I n d u s t r i a l d e p a r t m e n t ( f u e l ) ______________________________ D e n v e r r e t a i l d e p a r t m e n t _________________________________ M i s c e l l a n e o u s __________________________________________________ 1 ,5 7 0 ,9 6 4 1 ,2 3 5 ,0 4 4 2 3 ,8 5 5 ________ 7 7 5 ,8 3 0 9 2 9 ,6 5 1 1 8 ,4 7 6 6 ,8 6 2 T o t a l n e t _______ _____________ ___________________ ______________ L e s s m a n a g e m e n t _____________________________________________ 2 ,8 2 9 ,8 6 3 2 7 0 ,8 3 4 1 ,7 3 0 ,8 1 9 2 5 6 ,6 2 9 T o t a l n e t e a r n i n g s ............. .. ............................................ .............. 2 ,5 5 9 ,0 2 9 1 ,4 7 4 ,1 9 3 G ro ss E a r n in g s — I r o n d e p a r t m e n t __________________________________________ .. I n d u s t r i a l d e p a r t m e n t ( f u e l ) ________________________ _____ D e n v e r r e t a i l d e p a r t m e n t _________________________________ M i s c e l l a n e o u s __________________________________________________ T o t a l g ro s s e a r n in g s _ _________ 6,862 N e t E a r n in g s — Colorado Industrial Company. (iS ta tem en t f o r Y e a r en d in g J u n e 30 1906.) This com pany is a subsidiary of the Colorado Fuel & Iron (Jo., which owns the entire $20,000 capital stock and guaran tees (see form , V. 83, p. 326) the principal and interest of both Series A and Series B bonds. The statement made to the New Y ork Stock Exchange this week upon the listing of additional “ ] i ” bonds (see a follow ing page) furnishes: I n c o m e A c c o u n t f o r the Y e a r e n d in g J u n e 3 0 1 9 0 6 . I n c o m e fr o m s e c u r itie s — I n t . o n C o l.< 5 c W y o .R y .C o .b o n d s ,$ 4 ,5 0 0 ,0 0 0 , 1 y r ., 4 % _ $ 1 8 0 ,9 0 0 I n t . o n C r y s . R I v . R R . C o . d e m a n d n o t e s , $ 1 6 0 ,0 0 0 ,1 y r . ,6 % 9 ,6 0 0 D I v . o n C o l . & W y o . R y . C o . s t o c k , $ 1 0 0 , 0 0 0 , 1 y r . , 1 0 0 % . 1 0 0 ,0 0 0 ________ 6 4 7 , 4 6 2 I n t e r e s t o n C . F . Sc I . c o n v e r t i b l e d e b e n t u r e s ------------------- $ 9 3 7 , 9 6 2 I n c o m e f r o m r e n t a l o f p r o p e r t i e s ( u n d e r l e a s e t o t h e C . F . Sc J. C o . , d a t e d J u n e 1 6 1 9 0 5 , g u a r a n t e e i n g a s r e n t a l a l l c h a r g e s In e x c e s s o f i n c o m e f r o m o t h e r s o u r c e s ) _______ ______ __________ 9 0 8 ,9 3 4 T o t a l i n c o m e ____ ___ _______________ __________________________________ $ 1 , 8 9 6 , 8 9 6 E x p e n d i t u r e s — I n t e r e s t o n S e r i e s “ A ” a n d “ B “ b o n d s ------------------ $ 1 , 8 9 4 , 0 6 3 G e n e r a l e x p e n s e ___________ ____________ _ --------------------------------------------2 ,5 9 4 D e p r e c ia tio n o n e q u ip m e n t s o ld — -------------------239 T o t a l e x p e n d itu r e s -------------------- ------------------------------- -------------- --- ► L ia b ilit ie s — $ A ssets— $ . __ 2 0 .0 0 0 C o a l a n d o t h e r l a n d s ____ 9 , 5 2 0 , 4 1 9 ! C a p i t a l s t o c k ________ S u n r is e I r o n l a n d s . ____ 1 ,5 6 4 ,4 7 5 i F u n d e d d e b t — B o n d s . s e r . A . 14 , 0 6 7 , 0 0 0 M in e s a n d o v e n s — e q u i p ’ t 6 ,0 4 6 ,3 3 7 H e ld t o e x c h . S u n r is e m in e s — e q u i p ’t 5 0 7 ,9 6 4 C a s h __________________ fo r C .F .& I . 1 ,9 8 4 d e b e n t u r e s . 1 ,0 3 8 ,0 0 0 1 3 ,0 2 9 .0 0 0 C a s h in b a n k t o p a y c o u p ’s 3 ,2 2 5 B o n d s ,s e r . B . 3 0 ,9 3 2 ,0 0 0 * Bonds— C o l. & W y .R y .C o . 4 ,5 0 0 ,0 0 0 H e ld t o e x c h . * Stock— C o l. & W y . R y .C o . 100,0 0 0 fo r C .F .& I . * N o te s— C r y s. R lv .R R .C o . 1 6 0 ,0 0 0 C o .g e n . M . ■"Stock— C r y s . R i v . R R . C o . 3 3 1 ,2 0 0 b o n d s _____ 6 , 0 0 0 , 0 0 0 2 4 , 9 3 2 , 0 0 0 * D e b e n t u r e s — C . F . & I .C o . 1 3 , 0 2 9 , 0 0 0 U n p a i d v o u c h e r s ______ — 3 9 ,1 6 9 ♦ S t o c k — - R o c k y M t . C oal 2 9 0 ,9 9 3 Sc I r o n C o __________________ 3 , 0 0 0 , 0 0 0 I C o l . F . Sc I . C o . , b a l . d u e . B o n d In te re st a c c r u e d 7 9 0 ,8 5 4 U n c o lle c t e d d iv id e n d s a n d 3 ,2 2 5 i n t e r e s t ______________________ 3 4 0 , 6 3 7 |U n p a i d b o n d i n t e r e s t _____ T o t a l a s s e t s _______________ 3 9 , 1 0 5 , 2 4 1 ! T o ta l lia b ilit ie s -_ United States Envelope Co. Y e a r en d in g J u n e 30 1906.) The statements for the fiscal years ended June 30 show: {R ep o rt fo r the $ $ N e t e a r n i n g s f r o m o p e r a t i o n ____________________________ A d d — i n c o m e f r o m s e c u r i t i e s ____________________________ I n t e r e s t a n d e x c h a n g e ______________________________________ 2 ,5 5 9 ,0 2 9 4 5 6 ,9 9 1 4 8 ,7 0 9 1 ,4 7 4 ,1 9 3 4 1 7 ,5 2 7 3 0 ,3 2 6 T o t a l n e t i n c o m e ___________________________________________ 3 ,0 6 4 ,7 2 9 1 ,9 2 2 ,0 4 7 1 ,0 5 9 ,4 1 1 1 5 7 ,0 2 5 1 ,0 6 2 ,0 9 5 1 6 3 ,2 2 8 T o t a l ______________________ C a r r i e d t o s u r p l u s _________ 1 0 2 ,8 8 5 1 1 ,3 4 4 1 0 8 ,6 5 3 1 0 ,8 2 7 7 6 ,4 0 0 1 3 3 ,2 3 4 Y e a r e n d in g J u n e 3 0 . 1 9 0 5 -0 6 . 1 9 0 4 -0 5 . -------- 3 9 , 1 0 5 , 2 4 1 ♦ H e ld a s p a r t o f m o r t g a g e s e c u r it y ; s h o w n in b a la n c e s h e e t a t p a r v a lu e . — V . 83, p . 326. 1 9 0 4 -0 5 . $ 5 3 2 ,0 5 3 1 9 0 3 -0 4 . $ 5 7 2 ,0 9 1 1 9 0 2 -0 3 . $ 5 5 9 ,0 6 3 $ 1 2 0 ,0 0 0 $ 1 2 0 ,0 0 0 $ 1 2 0 ,0 0 0 1 1 ,1 4 9 (5 )1 8 7 ,5 0 0 8 3 -3 2 4 7 5 ,0 0 0 1 0 ,7 2 9 (5 )1 8 7 ,5 0 0 9 2 ,1 6 9 7 &7OOO 1 3 ,2 3 3 1 2 ,3 9 6 (5 )1 8 7 ,5 0 0 5 0 .0 4 4 7 5 .0 0 0 $ 4 7 6 ,9 7 3 $ 5 5 ,0 8 0 1 9 0 5 -0 6 . P r o f i t 1 2 m o n t h s __________ $ 6 6 2 ,8 2 7 D ed u ct— I n t . o n fir s t m o r t b o n d s $ 1 2 0 ,0 0 0 In t. o n d e b e n tu re b o n d s 1 0 ,7 2 1 D i v . o n p r e f . s t o c k ____( 5 1 4 ) 2 0 6 , 2 5 0 D e p r e c i a t i o n ______________ 1 0 8 ,7 1 0 S i n k i n g f u n d _______________ 7 5 ,0 0 0 S u n d r y a d j u s t m e n t s _____ _________ i n c o m e A c c o u n t fo r --------------- $ 1 , 8 9 6 , 8 9 6 B a la n c e S h eet J u n e 3 0 1 9 0 6 . $ 4 9 8 ,6 3 1 $ 7 3 ,4 6 0 $ 4 4 4 ,9 4 0 $ 1 1 4 ,1 2 3 D ed u ct— B o n d i n t e r e s t ___________________________________________________ * T a x e s _____________________________________________________________ S in k in g fu n d s , & c. (in 1 9 0 5 -0 6 — R e a l e sta te , $ 6 7 ,6 3 0 , p e r s o n a l i n ju r y $ 1 1 ,2 5 5 , fir e in s u r a n c e $ 2 4 , 0 0 0 ) __________________________________ S o c i o l o g i c a l d e p a r t m e n t _____________________________________ L o s s o n C o l. & W y . R y . tr a ffic c o n t r a c t g u a r a n t y $ 2 5 ,0 0 0 per m o n th ( $ 3 0 0 ,0 0 0 ) ; le s s e a r n e d fr o m t r a ffic , a s p e r c o n t r a c t f o r y e a r ($ 1 6 6 ,7 6 6 i n 1 9 0 4 - 0 5 a n d $ 2 2 3 , 6 0 0 i n 1 9 0 5 - 0 6 ) _______________ L o s s o n C r y s ta l R . R R . tr a ffic c o n t r a c t g u a r , fo r 1 2 m o n t h s a t $ 3 ,0 0 0 p e r m o n t h ( $ 3 6 , 0 0 0 ) : le s s — e a r n e d f r o m t r a f f i c a s p e r c o n t r a c t f o r y e a r ( $ 1 2 ,5 0 6 i n 1 9 0 4 - 0 5 a n d $ 9 , 9 8 4 i n 1 9 0 5 - 0 6 ) ____________ R e n t a l s ( C o l o r a d o I n d u s t r i a l C o . p r o p e r t i e s ) _____ P r o s p e c t i n g _____________________________________________________ 2 6 ,0 1 6 9 5 9 ,8 3 4 _________ 2 3 ,4 9 4 7 3 9 ,8 6 0 2 2 ,6 4 8 * C . F . C o . g e n e r a l m o r t g a g e b o n d s $ 3 3 ,2 0 0 ; C . F . & I . C o . g e n e r a l m o r t g a g e b o n d s , $ 2 6 8 ,2 1 7 ; C . F . & I . C o . c o n v e r t i b l e d e b e n t u r e s , $ 7 0 3 ,3 7 9 ; in t e r e s t o n fir s t m o r t g a g e b o n d s o f G r a n d R i v e r C o a l & C o k e C o ., s u b je c t t o w h i c h t h is c o m p a n y h o ld s t i t l e . $ 5 4 ,6 1 5 . B a la n c e S h e e t J u n e 3 0 . 1906. $ 1 4 ,8 5 0 ,8 1 5 R e a l e s ta t e ( p r o p e r t y a n d s e c u r itie s ) _ I n t e r e s t i n r e f u n d i n g p l a n _______________ E q u i p m e n t — i r o n d e p a r t m e n t _________ 2 3 , 6 7 4 , 3 8 2 W a t e r s u p p l y _________________________________ 8 4 0 ,9 0 0 1 3 1 ,6 3 4 E q u i p m e n t — m i s c e l l a n e o u s ____________ 2 4 4 ,5 1 2 E q u i p m e n t — h o s p i t a l ______________________ E q u i p m e n t — S o c i o l o g i c a l _______________ 1 2 ,8 5 7 C a s h o n h a n d _________________________________ 6 8 5 ,6 1 1 E d w a r d V . C a r y ____________________________ S e c u r i t i e s — s t o c k s a n d b o n d s __________ 6 ,9 5 0 ,4 9 4 B i l l s r e c e i v a b l e ____________________________ _ 1 3 1 ,1 1 0 C u s t o m e r s a n d o t h e r s ____________________ 2 ,0 4 2 ,5 0 9 R o c k y M o u n t a i n C o a l & I r o n C o _____ 1 2 8 ,1 6 2 I r o n d e p a r t m e n t — s u p p l i e s ______________ 1 ,2 3 1 ,1 4 4 Iro n d e p a rtm e n t— m a n u f’d s to c k s . _ 1 ,6 0 0 ,7 2 0 I r o n d e p a r t m e n t — m is c e l. a c c o u n t s .. _ 2 1 9 ,3 1 2 I n d u s t r i a l d e p a r t m e n t — s u p p l i e s _____ 3 1 5 ,6 0 6 C o a l a n d c o k e o n h a n d ____________________ 7 0 ,1 7 3 R o y a lt ie s o n le a s e d la n d s p a id in a d v . 3 2 ,4 6 8 U n c o lle c t e d d iv id e n d s a n d in t e r e s t - _ 1 8 9 ,4 5 5 M i s c e l l a n e o u s a c c o u n t s __________________ 4 9 5 ,3 9 0 P r o f i t a n d l o s s _____________________________ 1 ,2 9 3 ,2 3 6 T ota l a s s e t s ________________________________ 1905. $ 1 4 ,8 5 4 ,3 7 6 2 2 ,9 2 4 ,2 4 9 8 4 1 ,3 2 9 1 3 9 ,6 1 1 2 4 2 ,5 1 2 1 2 .8 5 7 1 ,8 7 9 ,7 1 1 6 ,9 2 6 ,6 1 4 1 4 7 ,5 5 4 1 ,7 4 2 ,8 6 6 9 5 ,3 4 0 9 1 7 ,7 7 2 1 .2 9 3 .7 9 8 1 9 4 ,8 4 2 2 0 8 ,4 3 0 8 5 ,0 7 6 1 0 5 ,5 9 8 .1 9 4 ,7 1 3 1 1 9 ,3 2 1 1 ,8 7 7 ,4 0 3 1904. $ 7 ,6 0 8 ,4 0 3 7 .0 7 0 ,8 6 2 2 2 ,6 9 0 ,7 3 4 8 2 1 ,4 3 4 1 4 0 ,0 2 4 2 4 2 ,5 1 2 1 2 ,0 6 5 1 0 7 ,7 5 3 3 ,0 1 7 ,6 2 5 5 8 3 ,0 1 4 6 1 ,5 7 0 6 3 3 ,6 5 8 7 5 8 ,5 2 4 1 ,1 1 2 ,8 1 4 1 ,5 2 5 ,9 4 9 1 4 6 ,5 5 1 4 9 ,8 3 4 6 ,3 1 3 1 7 8 ,2 4 7 1 ,1 3 4 ,5 0 2 5 5 ,1 4 0 ,4 9 0 5 4 ,8 0 3 ,9 7 3 4 7 ,9 0 2 ,3 9 0 C o m m o n s t o c k _ __________________________ 3 0 , 1 3 3 , 0 0 0 P r e f e r r e d s t o c k ______________________________ 2 ,0 0 0 , 0 0 0 F u n d e d d e b t ( s e e “ R y . Sc I . ” s e c . ) . _ 1 9 ,9 3 8 ,0 0 0 U n p a id g e n e r a l a n d fr e ig h t v o u c h e r s _ 4 2 7 ,8 1 0 U n p a i d p a y a n d t i m e c h e c k s __________ _ 5 5 8 ,0 2 7 C o l o r a d o S u p p l y C o ______________________ 8 1 .8 2 7 B o n d in te r e s t— a c c r u e d b u t n o t d u e _ 4 2 3 ,3 4 7 F u n d f o r p a y m e n t o f t a x e s --------------------100,000 C o l o r a d o Sc W y o m i n g R y . C o __________ 2 5 7 ,1 5 3 F u n d f o r e m e r g e n c i e s ______________________ 6 6 ,4 0 1 .S in k in g f u n d — e q u i p m ’ t i r o n d e p 't 2 1 6 ,4 4 2 S i n k i n g f u n d — r e a l e s t a t e _______________ 6 1 0 ,8 0 0 I r o n l a n d s d e v e l o p m e n t f u n d _____ ____ 3 9 ,2 9 6 2 8 8 ,3 8 7 R e - l i n i n g f u r n a c e s , i n s u r . f d . Sc n i i s c _ 3 0 ,1 3 2 ,0 0 0 2 ,0 0 0 , 0 0 0 1 9 ,9 7 9 ,0 0 0 2 7 1 ,5 4 9 5 0 1 ,3 5 8 9 2 ,0 2 9 4 2 3 ,8 4 2 2 3 ,9 3 2 ,0 0 0 2 ,0 0 0 , 0 0 0 2 0 ,0 6 3 ,0 0 0 2 9 7 ,8 0 2 1 6 0 ,9 8 3 3 3 ,3 9 4 4 2 4 ,4 0 0 6 0 ,0 0 0 D r . 2 .1 6 1 1 8 0 ,S90 2 1 6 ,4 4 2 4 8 1 ,9 5 8 L ia b ilit ie s — T ota l l i a b i l i t i e s ___________________________ 5 5 ,1 4 0 ,4 9 0 x T h e c o m p a n y 's p r i n t e d s t a t e m e n t g i v e s t h e s u r p l u s f o r t h e y e a r 1 9 0 5 - 0 6 a s $ 1 6 0 ,8 9 6 a ft e r d e d u c t in g $ 1 8 7 ,5 0 0 ( 5 % ) f o r d iv id e n d s p a id d u r in g t h e y e a r o n th e p r e fe r r e d s t o c k , v iz ., 2 % o n S e p t. 1 1 9 0 5 (p a id o u t o f th e e a r n in g s o f t h e p r e c e d in g fis c a l y e a r ) a n d 2 % on M arch 1 1906. In th e a b o v e w e h a v e d e d u c t e d th e d iv id e n d o f 2 1 4 % p a id M a r c h 1 1 9 0 6 a n d 3 % d e c l a r e d p a y a b l e S e p t . 1 1 9 0 6 , m a k i n g a t o t a l o f 5 V> % “ p a i d a n d t o b e p a id o u t o f t h e n e t e a r n in g s f o r t h e y e a r e n d in g J u n e 3 0 1 9 0 6 , a s s t a t e d in t h e o ffic ia l r e p o r t ." B a la n c e S h eet J u n e . T o t a l d e d u c t i o n s ___________________________________________ 2 ,3 9 2 ,9 1 7 2 ,2 6 4 ,0 3 9 B a l a n c e f o r f i s c a l y e a r ______________________________________ s u r . 6 7 1 , 8 1 2 d e f . 3 4 1 ,9 9 2 A s sets — $ 5 2 0 ,6 8 1 £ $ 1 4 2 ,1 4 6 100,000 2 1 1 ,1 1 9 1 1 2 ,7 8 7 2 1 6 ,4 4 2 5 4 3 ,1 6 9 4 7 ,5 0 3 1 7 3 ,1 7 4 5 4 ,8 0 3 ,9 7 3 1906. A ss ets — 1905. $ $ P la n t i n v e s t m ’ t - 6 .4 0 4 ,4 4 3 6 , 2 9 3 , 9 4 9 ’ 7 5 3 .7 9 4 7 5 1 ,8 2 4 | S tock on hand_ _ 6 5 1 ,1 6 1 | A c c ’ t s & b ills r e c . 7 3 3 ,7 0 8 9 9 ,4 3 6 6 6 ,1 3 6 C a s h _______________ 6 0 ,0 6 0 6 0 .3 2 5 C ash fo r co u p o n s 2 5 0 .0 0 0 2 5 0 ,0 0 0 T re a s. s t k ., c o m . 2 5 0 .0 0 0 2 5 0 ,0 0 0 T r e a s s t k ., p r e f. 6 6 8 ,2 1 3 5 6 6 ,1 6 5 S in k in f u n d ____ 4 ,6 6 3 2 .6 6 7 M a c h in r y s o ld _ T o t a l __________ 9 -V . 8 1 , p . 6 6 6 . ,2 2 4 ,3 1 7 S .8 9 2 ,2 2 7 30. 1906. $ P r e f . s t o c k _______ 4 , 0 0 0 , 0 0 0 C o m . s t o c k _______ 1 , 0 0 0 , 0 0 0 F ir s t m t g e . b d s - 2 ,0 0 0 ,0 0 0 D eb en tu re b d s__ 1 9 4 ,0 0 0 B o n d c o u p o n s ._ 6 0 ,0 6 0 A c c ’ts p a y a b l e . . 2 3 1 ,6 6 6 R e s ’ v e f o r d e p r e c 4 0 0 ,0 0 0 P r o fit & lo s s s u r _ 6 7 0 ,3 7 8 S in k .fu n d r e s ’v e 6 6 8 ,2 1 3 1 L i a b ilit ie s — T ota l 9 ,2 2 4 ,3 1 7 1905. $ 4 .0 0 0 . 000 1 .0 0 0 . 000 2 .0 0 0 .0 0 0 2 2 9 .0 0 0 6 0 ,3 2 5 2 2 7 ,2 5 5 3 0 0 .0 0 0 5 0 9 ,4 8 2 5 6 6 ,1 6 5 8 .8 9 2 .2 2 7 Consolidated Rubber Tire Co. {R ep o rt fo r F i s c a l Y e a r en d in g D e c . 31 1905.) Judge Platt, in the United States Circuit.Court in New Y ork on J u ly 19, held valid the patent covering the K ellySpringfield carriage tire, owned b y the com pany, which had been adjudged valid b y several courts and subsequently reversed by the Court of Appeals at Cincinnati. This, it is said, affects the greater part of the solid-rubber carriage tires now used, and unless reversed gives the Consolidated Co. practically a m onopoly of the business. (The com pany does not m anufacture pneum atic tires and was not a party to the tire agreement which expires Sept. 1. Compare “ Tire A ssociation” on a following page.) Charles J. Heintsheimer of this city was recently elected the eighth member o f the board, succeeding Clinton T odd, who resigned. No printed report is obtainable, but President and General Manager Van H. CartmeU was quoted as saying: T h e c o m p a n y c lo s e d th e y e a r ’s b u s in e s s w it h a n e t p r o fit s u ffic ie n t ly la r g e t o a d m it o f a s lig h t in c r e a s e in t h e r a t e o f in t e r e s t t o b e p a id o n t h e d e b e n tu re in c o m e bonds. T h e f a c t o r y c a p a c i t y h a s r e c e n t ly b e e n in c r e a s e d a n d y o u r c o m p a n y is i n a b e t t e r p o s i t i o n t o m e e t t h e a c t i v e c o m p e t i t i o n w h ic h s till e x is t s . T h is c o m p e t i t i o n m a k e s it n e c e s s a r y t o s e ll t h e p r o d u c t s o f t h e c o m p a n y o n a v e r y c lo s e m a r g in . I n c o m e A c c o u n t fo r C a le n d a r Y e a r s . G ro s s s a le s , in c l. r o y a lt y In te r e s t a n d o th e r in c _ _ 1905. $ 1 ,0 6 8 ,3 8 9 4 0 ,0 2 7 1904. $ 8 4 4 ,5 5 9 5 2 ,0 6 8 1903. $ 9 1 4 ,8 2 0 1 5 5 ,8 0 0 5 4 ,6 8 3 T o t a l ______________________ T o t a l e x p e n s e s _________ $ 1 ,1 0 8 ,4 1 6 1 ,0 5 1 ,4 0 6 $ 8 9 6 ,6 2 7 8 5 3 ,8 7 0 $ 1 ,0 7 0 ,6 2 0 9 6 5 ,3 2 7 $ 9 8 2 ,2 7 7 1 ,0 4 4 ,8 1 2 4 7 ,9 0 2 ,3 9 0 N e t s u r p l u s _________________ In te r e s t o n in c . b o n d s .. $ 5 7 ,0 1 0 (2 )5 7 ,0 1 0 $ 4 2 ,7 5 7 (1 ^ )4 2 ,7 5 7 $ 1 0 5 ,2 9 3 (1 ^ )4 2 ,7 5 7 d e f . $ 6 2 ,5 3 5 _________ S u r p l u s __________________ _________ _________ $ 6 2 ,5 3 6 d e f . $ 6 2 ,5 3 5 See also statement for Colorado Industrial Co. b elow .— V. 83, p. 326. 1902. $ 9 6 6 ,5 9 3 1 5 ,6 8 4 A ug. IS 1906.j T H E CH RONICLE. C u rren t A s s e ts and L ia b ilitie s D e c . 1905. Branches, stock, accts. and cash - ............ - Vccts. * notes receivable Buckeye Rubber Co. sceurltles.. . - - ............ Cash on hand-----------Machinery loaned to 1 1 cen sees....................... T o t a l...... .................... Current liabilities — Accounts payable----- 1904. 31. 1903. 1902. $262,233 101.427 $281.411 96,579 $302,80.) 125,707 $318,518 149,461 183.444 165,146 18$ ,466 126,687 144 ,05-1 122,101 F o .o oo n * 49,425 14.840 16,023 15 ,667 «! 14,991 $727,090 $709,166 $710,334 $642,394 3.188 1.204 5,379 43,995 $704,955 $723,902 $707,962 Assets over liabilities $598,399 Capital stock, $5,149,5 00 ($1,149, 500 preferred). in $ 1 0 0 shares; income bonds. $2,850.' 10. Compare V 7'7. p. 2160; V. 76. p.T 1028 1033.— V 82, 104 ' GENERAL. INVESTMENT NEWS. RAILROADS, INCLUDING STREET ROADS. Atchison Topeka & Santa Fe Ry.— A c q u i s i t i o n . This company has purchased from the American Beet Sugar Co. the Arkansas Valley Ry. (V. 82, p. 567), which has been sur veyed from Lamar, Colo., to Rocky Ford, Colo., a distance of 80 miles, of which 40 miles has been built, and the re mainder will be completed at once by the new owners.— V. 83, p. 322. Bangor & Aroostook RR.— R e p o r t . —The results for the year ending June 30 were: Year. Gross. X ct. Oth. inc. Charges. D ividends. B a l., sur. 1905-06____ S. .496,788 $951,877 $13,180 $665,284 (4)$62.000 $237,773 1904-05____ 2.159,072 782,359 7.475 558,835 ( 3 ^ ) 54,250 176.749 — V . S2, p. 1322. Boston & Maine RR.—R e p o r t . —See “ Annual Reports” on a preceding page. E a s te r n R R . C e r t if ic a t e s o f I n d e b t e d n e s s D u e S e p t . 1 1906.— The 6% certificates of indebtedness of the Eastern RR. Co. maturing Sept. 1 1906 (about 87,724,500) will be paid at maturity by the Treasurer of the Boston & Maine RR. in Boston. The money to meet this payment has been pro vided from the proceeds of 810.000,000 4s (V. 83, p. 36; V. S2. p. 567: V. 81, p. 1174).— V. S3, p. 322, 154. Boston Revere Beach & Lynn RR.— B o n d s O f fe r e d .— X. W. Harris & Co., Boston, New York and Chicago, are offering at L0SL£ and interest 8289,000 first mortgage gold 41i% bonds dated 1897, due July 15 1927. The $289,000 bonds above offered will be issued Sept. 1 1906 to refund a like amount of Boston U'inthrop & Shore Line 5s, due that day. The first mortgage 4 4 s will then be a first and only mortgage on tlie entire property. Total authorized Issue. $1,000,000. of which there will be outstanding $850,000. The remaining $150,000 bonds can only be Issued as an equal amount of capital stock is issued and sold at 100, and the pro coeds expended upon the property, as well as the proceeds of the additional bonds. OwnS and operates a steam railroad from East Boston through Beachmont. Revere Beach. & e.. to Lynn, with another line through Winthrop. together with a ferry from Boston to East Boston, serving a terri tory having an established population and in addition embracing probably the most popular summer resorts easily accessible to Boston, including Revere Beach, row part of the Metropolitan Park System, the State bath house and " Wonderland" pleasure park. The density of travel is phenome nal. the gross earnings for the year ending June 30 1906 being at the rate of about $57,000 per mile. .See V 83. p. 270. 7. 379 Central directors, clared on classes of of Georgia Ry.—F u l l I n t e r e s t o n I n c o m e s . —The following the precedent established last year, de Aug. 10 an interest payment of 5% on all three income bonds, payable Oct. 1. A n n u a l R e p o r t . —See “ Annual Reports” on a preceding page of this issue.— V. 83, p. 93, 36. Chicago Joliet & Kansas City Ry.— I n c r e a s e i n C a p i t a l i z a tio n f o r P r o je c t e d R o a d . —The shareholders will meet at the office of the company, Room 1744 First National Bank Build ing, Chicago, on Oct. 15 for the purpose of increasing the capital stock from 81,000,000 to 812,000,000, of which 82,000,000 is to be preferred; also to authorize an issue of bonds to the amount of 810,000,000 and to ratify certain contracts entered into by the company relating to the pur chase of bonds and the construction and equipment of the line. The board of directors will also be increased from live to nine. Secretary, E. V. Hoagland. The company w incorporated In Illinois In M as arch 1905 to build a rail road from Chicago to Joliet, with branches to Keithsburg, M ercer Co.: from Bureau County to a point on the M ississippi River in Rock Island County, from Kendall County to M orris, in Grundy County, and from Ken dall County to M arseilles, in D Kail) County. The incorporators and di e rectors were M illard S. Denslow, Elsworth J. Walton, Charles W. Steven Jam E. Ford and Joseph F es luhri. all of Chicago. Chicago Milwaukee & St. Paul R y.—O p t io n to S u b s c r ib e to F ew S t o c k . —The directors have decided to issue to the stockholders of record on Aug. 29 23% of their holdings in the common stock of the company at par; 12-23ds thereof to be paid on or before Sept. 25 1906 and the remaining 1l-23ds on or before Noy. 12 1906. Stock certificates paid for on the first payment will be issued after Oct. 16 as soon as they can be prepared, and those for the second payment as soon as they can be pre pared. Warrants for the right to subscribe will be mailed to stockholders. This allotment calls for the issue of $24,802,809 of the $25,000,000 of treasury stock, and will increase the out standing issue of common stock $82,986,709.— V. 83, p. 94. Chicago & North Western Railway.—S t o c k i n c r e a s e .— The shareholders on Thursday received an official circular dated June 6 announcing that a meeting will be held Oct. 18 to authorize an increase in the limit of capital stock issue (now $77,601,045 common and $22,395,120 preferred, total $99,996,165) to $200,000,000, by increasing the authorized amount of common stock from $77,601,04 5 ($75,217,300 outstanding) to $177,604,880.— 'V. 80, p. 1436. Chicago Subway Co., Chicago.— O p e n e d f o r F r e i g h t T r a f f i c . —The company’s tunnel was opened for freight traffic on Aug. 15. The entire 45jniles of tunnel is now in operation, connecting with twelve or fifteen railroads and sixty or seventy business houses.—V. 83, p. 212. Chicago & Western Indiana RR.— C a lle d B o n d s . —Seventyfour ($74,000) general mortgage bonds of 1882 drawn for redemption are payable on Sept. 1 at 105 and interest at the office of J. P. Morgan & Co.—V. 82, p. 1496. City & Elm Grove RR., Wheeling, W. Va.— N e w M o r t g a g e . A mortgage executed June 30 1906 was filed on Aug. i4 to the Union Trust Co. of Pittsburgh, as trustee, covering the lines of the City Railway and Wheeling & Elm Grove Rail way, to secure an issue of $2,500,000 5% 30-year gold bonds, issuable, it is stated, as follows, viz.: $1,000,000 to be held in trust for the redemption of outstanding bonds of the Wheeling & Elm Grove Ry.; $500,000 to purchase shares of stock of the City Railway Co. not now owned (said to number 507), and the remaining $1,000,000 for betterments, &c. Henry Schmulbach is President and John A. Howard Secre tary.—V. 82, p. 511. Cleveland Cincinnati Chicago & St. Louis R y.—L i s t e d . — The New York Stock Exchange has listed $1,075,000 addi tional general mortgage 4% bonds of 1893, making the total amount listed $21,824,000. Of the additional bonds $75,000 were issued to replace a like amount of old bonds retired and the remaining $1,000,000 were sold to pay for new equipment, construction, betterments, &c. E a r n i n g s . —For twelve months ending June 30: Brooklyn Rapid Transit Co.—R ig h t to T e n -C e n t F a r e to Court Justice Gaynor in Brooklyn on Aug. 1' . in a habeas corpus proceeding brought by one MaeFarlane^who was arrested for refusing to pay a double (ten-c-ent) fare for riding on the company’s lines to Coney Island, decided that no crime had been committed and dis missed the petitioner from custody. The Justice stated in hi- opinion that the company had no right to charge a 10-cent fare. This statement, according to the contention of former Justice Edward V . Hatch of counsel for the company, is merely an obiter dictum and not of any binding force, the right to a 10-cent fare not having been involved in the case and the disci:urge following from the fact that there is no law making a refusal to pay a railroad fare a crime. Judge <kiynor in a statement issued on Wednesday admitted that the decision is not binding on the company, it not having been a party "hereto. The decision in Barnett vs. Brooklyn Heights RR.. given by the Appellate Division of the Su preme Court for the Second Departemnt in July 1900, from Gross Net Other Interest, Balance for which no appeal was taken, and claimed by the company to Year. Earnings. Earnings. Income. Taxes, &c. Dividend. 1905-06 $23,649,258 $5,916,572 $262,561 $4,172,025 $2,007,108 establish the right to a 10-cent fare, was referred to in — V. 83, p. 94. W 71, p. 181; compare also V. 73, p. 1263. Justice Gaynor, Colorado & Southern R y.—B i d s f o r P r o p e r t y . —President however, claims that later decisions in other cases have in Hawley is quoted as stating that two railroad systems effect overruled the Barnett decision. A.s a result Justice Gaynor's decision many passengers thereafter re- have made bids for the property, but that the purchase '■jst-d to pay n or - than a single 5-cent fare and were evicted from the ears, cannot be made at 40 “ as the company is earning 5% on causing great disorder and Interruption to traffic. On Monday evening the company withdrew Its ears on the Coney Island surface lines beyond the its stock and he and his associates are not trying to sell it.” original Brooklyn city limits and traffic has since remained practically sus -V. 82, p. 986. pended thereon, but was expected to be resumed this morning. The directors on Wednesday as a means of restoring order and affording Consolidated (Electric) Railway, Connecticut. -See New a settlement of the question In dispute, agreed to the suggestion of Acting York New Haven & Hartford RR. below.—V. 83, p. 94. Mayor McGowan to hereafter give each passenger paying a second 5-cent fare a check entitling him to a rebate provided the Court of Appeals shall Dayton & Northern Traction Co.—C a lle d B o n d s .— The eventually decide that the company lias the right to charge only a single fare. On Friday President Winter and Borough President Color united In entire issue of first mortgage bonds, $450,000, dated 1901, a request to A*’ t> ey-General Major to bring a proceeding to mandamus r tin- company to accept a single fare or take some other feasible legal step has been called for redemption on Sept. 1 1906 at the Central to test the legallt; of a 10-cent fare. The Attorney Genetal Is to deter Trust Co. of New York, 54 Wall Street, New York City, at mine by Tuesday text whether he will bring an action for an Injunction $1,050 for each bond, with $25 interest to Sept. 1 1906.—V. or apply for a mandamus.— V. 83. p. 271. 82, p. 1322. Central California Traction Co. M o r t g a g e . The com Delaware & Hudson Co. E x t e n s i o n to Q u e b e c . The Ju pany has filed a certificate under California laws reciting that the directors on June li voted to 8i.50o.ooo v ; dicial Committee of the Canadian Privy Council recently rendered a decision upholding the company’s purchase of bonds payable in 1936. The shareholders include: W .i Bartnott, President; M. ITelshhaekor, Vice-President, and It. L. the South Shore Ry., and construction, it is understood, is Wallace. Secretary. Lieutenant Governor Alden Anderson. J. Dalzcll to be pushed on the extension of the line from St. Francis Brown, ii. FleLshhacker. F. W . Smith and If. II. Griffiths, the last-named to Port Levis opposite Quebec.—V. 83, p. 155. being c-edited wtthjl 1.990 shares. Compare V. 81. p. 1009. V. 82, p. 217. C o n e y I s l a n d . —Supreme THE CHRONICLE. 380 [V O L . L X X X I1L Georgia & Florida Ry. O f f i c e r s .— The entire $1,000,000 and to increase the authorized issue of common stock from stock, it is stated, has been subscribed. The following offi $66,000,000 to $100,000,000 to provide for the convertible cers and directors are announced: feature of said issue. President, John Skelton Williams, of Richmond; First Vice-Pres., J. William Mlddendorf, of Baltimore; Second Vice-Pres., John Scott, of New York; Chairman Executive Committee, E. L. Bemtss, of Richmond; Secretary, C. T. Williams, of Richmond; Treasurer, F. E. No)ting, of Rich mond. Directors: William H. Barrett, William E. Bush, James F. McGowan, George R. Lombard, James T. Bothwell, James E. Harper, and R. R. Goodwin, of Augusta; J. M. Wilkinson, of Valdosta; A. Caperton Braxton, E. L. Bemlss and John S. Williams, of Richmond; J. William Mlddendorf and Douglas H . Gordon, of Baltimore; H. C. Perkins, of Wash ington, D. C.; and Frank Q. Brown, of New York. Compare V. 82, p. 1211.—V . 83, p. 95. Grand Rapids (Mich.) Railway. -F ir s t D iv id e n d on C o m m o n S t o c k .— The directors on Aug. 14 declared a first divi dend, 1 % , on the $2,000,000 common stock. See V. 82, p. 1268. Halifax & Southwestern Ry. -N e w L i n e .—A press dis patch recently said: The last spike on the Halifax & Southwestern R y. between Halifax and Yarmouth, belonging to the Mackenzie & Mann system, will be driven about Aug. 20, and a regular train service is to be established along the south shore of Nova Scotia not later than Nov. 1. The distance between Halifax and Yarmouth, passing through the counties of Halifax, Lunen burg, Queens, Shelburne and Yarmouth, Is 236 miles.— V. 80, p. 2219; V. 81, p. 1723. Henderson (Ky.) Street R y .— R e c e i v e r s h i p . —An order was filed in the Circuit Court at Henderson, K y., on Aug. 9 appointing the Ohio Valley Banking & Trust Co. of Hender son as receiver of the property. The street railway was controlled by the firm of A. L. Rich & Co. of Cincinnati, who failed recently (V. 82, p. 1248). At auction in Cincin nati on July 24 $12,000 of the bonds were bid in at 40 cents on the dollar.— V. 70, p. 480. Indiana Columbus & Eastern Traction Co.— U n d e r l y i n g B o n d s C a l l e d . — See Dayton & Northern Traction Co., above. — V. 83, p. 155, 37. Louisville & Nashville RR.— C a l l e d A n n u a l S l x t e m e n t . —See a preceding page of this issue.— V. 83, p . 213. Philadelphia Company, Pittsburgh.—S t o c k I n c r e a s e R a t i f i e d .—The shareholders on Aug. 14 ratified the proposition to increase the capital stock from $36,000,000 to $42,000,000. See V. 82, p. 1323.— V. 83, p. 324. B o n d s L i s t e d . —The Philadelphia Stock Exchange has listed $230,000 consolidated mortgage 5% bonds, making the total amount listed to date $15,138,000.—Y. 83, p. 324. Rahway Valley RR.— N e w L i n e i n O p e r a t i o n —This com pany on Aug. 6 began running trains on a regular schedule between Alcline, on the Central New Jersey, and Summit, on the Delaware Lackawanna & Western.— V. 80, p. 1729. Rensselaer & Saratoga RR.— M e r g e r . —This company has filed at Albany a certificate of merger of its proprietary un bonded property, the Glens Falls R R., extending from Fort Edward to Caldwell, 15.12 miles.—V. 75, p. 1147. St. Louis El Reno & Western R R . — R e d u c t i o n o f C a p i t a l S t o c k .— The company has filed a certificate of decrease of capital stock from $1,240,000 to $970,800. See V. 83, p. 272, 214. St. Louis Webster & Valley Park (Electric, RR. — M o r t g a g e . —The company is said to have made a mortgage for $1,500,000 to the Trust Company of St. Loui- County, as trustee, covering the proposed road from West End to Valley Park, &c. San Diego Electric Ry.— A l l i a n c e . —See National City & Otay RR. above.—V. 81, p. 559. Santa Clara Interurban RR. — S u c c e s s o r C o m p a n y .— This company was incorporated under California laws on July 23 with $5,000,000 of authorized capital stock in shares of $100 each, presumably as successor of the Santa Clara Interurban Railway, which changed hands last November. The direc tors of the new company are: B o n d s . — Forty-two ($42,000) Henderson Bridge Co. first mortgage 6 % bonds dated 1881 have been called for redemption and will be paid at the Central Trust Co., New Y ork, on Sept. 1 at 105 and interest.-— 83, p. 155. V. National City & Otay RR.— C h a n g e i n C o n t r o l . — An ex J. C. Campbell, J. F. Parkinson, Frank D. Dorman. W . H. Metson, E. M. Rea. Main office San Francisco, Cal. Compare V. 81, p. 1493. change says: Southern Pacific Co.— F i r s t D i v i d e n d o n C o m m o n S t o c k .— This road has been formally transferred to the John D . Spreckels interests, The officers are as follows: John D. Spreckels, President; William Clayton, Vice-President and Managing Director: Harry L. Titus, Secretary and Treasurer; B. M. Warner, General Superintendent. The road extends from San Diego to Tia Juana on the Mexican border, 18.7 miles, and the work of electrifying the line as far as Chula Vista, which has already been commenced, will be pushed forward. Electricity for the road will be sup plied by the power-house of the San Diego Electric Ry. Besides the main line, the company at last accounts oper ated from Sweet Water Junction to La Presa, Cal., 8.2 miles. New York New Haven & Hartford RR.— T r a n s f e r of T r o l l e y L i n e s to a n A s s o c i a t i o n . — It was announced on Thurs day that the company had arranged to transfer its trolley interests to a voluntary association known as the New Eng land Security & Investment Co. President Mellen is quoted as saying: The transaction involved the sale of over 75% of the street railways of Connecticut, including systems in the cities of New London, New Haven, Bridgeport, Norwich, Stamford, Hartford, Willimantic and other towns in Connecticut, together with lines running into New York State and Rhode Island and numerous lines In Massachusetts, including systems in the cities of Springfield and Worcester. This action is presumably the outcome of the agitation in Massachusetts against the com pany’s control of electric rail ways in that State. See President Mellen’s letter on the subject under caption “ Consolidated R ailw ay,” V. 83, p. 94. F a r e R e d u c t i o n .— The company announces a reduction of passenger fares between Providence and Boston, Provi dence and Taunton, and Providence and Middleboro, in ac cordance with the plan of President Mellen to reduce fares to a two-cent basis as fast as expedient.— V. 83, p. 96. New York Pittsburgh & Chicago Air Line (Electric) Ry.— N e w P r o j e c t . — Joseph The directors late on Thursday declared a first semi-annual dividend (2jqj%) on the common stock, payable Oct. 1 to holders of the dividend warrants. See Union Pacific RR. below.—V. 83, p. 273. South & Western RR.— P r o p o s e d M e r g e r . —The share holders will meet Oct. 10 to vote on purchasing. all or a portion of the properties and franchises of the South & Western R a i l w a y Co. The shareholders of the latter com pany will meet the same day to vote on selling all or a por tion of its properties and franchises (1) to the South & Western RR.; (2) to the Kingsport Southern Ry. George L. Carter is President of all three companies.—V. 83, p. 156. Texas Southern Ry. — S a l e D e f i n i t e l y P o s t p o n e d . —Judge Levy at Longview, Texas, on Aug. 6 sustained his former ruling indefinitely postponing the foreclosure sale.—V. 82, p. 629. Union Pacific RR.— D i v i d e n d . —The directors late on Thursday declared a semi-annual dividend of 5% on the common stock, payable with the usual 2% on the preferred Oct. 1 to shareholders of record Sept. 15. This increases the dividend rate on the common shares to 10% per annum, contrasting with 6%, 5% and 4% respectively at the three semi-annual periods just preceding. Of the 5% now an nounced, 3%, it is understood, is from the earnings of the road and 2% from investments. Previous dividend record. DIVS. % 1898 On common_ — _ On preferred ... 1 H 1899 — 3 -A 1900 3 4 1901 4 4 1902 4 4 1903 4 4 1904 4 4 1905 1906 4J4 Apr.,3 4 Apr ,2 Ramsey Jr., formerly President of the Wabash R R ., is promoting a plan for the construction of a There is $195,476,900 common stock outstanding, on which short route low-grade double-track electric railroad from 10% per annum calls for $19,547,690. New York to Pittsburgh, with Chicago as the ultimate I n c r e a s e i n “ O t h e r I n c o m e . ” —As stated above, a first semi Western-terminal. Mr. Ramsey is quoted as follows: annual dividend of 2)^% has been declared on the $197,f - We expect to make a start this fall and begin work next spring, hoping to complete the line between Pittsburgh and New York within three years. The cost of the line between Pittsburgh and New York is estimated to be between $75,000,000 and $100,000,000, all of which has been pledged, the. bulk o-f it by foreign capitalists. It would not be wise for me to give details or names now. The line is not merely a preliminary survey, but a final location that has been revised three times. Three corps of engine rs have been busy for three years. It is the best possible short low-grade line to be secured through Pennsylvania between Pittsburgh and New York. The extension of the road west to Chicago from Pittsburgh will be taken up when the line east to New York Is completed.” 849,200 common stock of the Southern Pacific, of which on June 30 1905 the Union Pacific owned, through the Oregon Short Line RR., $90,000,000, 5% per annum thereon yield ing $4,500,000. A n n u a l S t a t e m e n t s . —See “ Annual Reports.” D i v i d e n d P o l i c y . —A prominent director of the Union Pacific and Southern Pacific issued the following: The wisdom of the conservative policy pursued by Mr. Harriman in Union Pacific and Southern Pacific is abundantly shown by the results achieved. In spite of opposition and the clamor for dividends and greater See further particulars in “ Railroad Gazette” of Aug. 17. dividends, he has steadfastly adhered to his purpose to build up and New York & Port Chester Electric R y.—S u i t a s to O w n e r improve the physical condition of the properties and strengthen their position strategically. Now, with the cost of service greatly reduced s h i p o f O u t s t a n d i n g S t o c k . — See New York Railroad & Devel by improvement made in roadway and equipment, with over $12,000,000 set aside as reserve fund for further betterments, with actual gross trans opment Co., below .— V. 83, p. 213. portation receipts of the two systems swelled to the enormous sum o f New York Railroad & Development Co.—S u i t . — Touch $17 2 ,000,000 and with net income for the year, after providing for all amounting to over the ing the suit brought by the company against W m. C. Got- the fixed charges including profits on $29,000,000 in the case of overUnion Pacific (without Northern Securities) and $21,shall and Dave Hennen Morris, defendants, as to the owner 000,000 in the case of Southern Pacific. Mr. Harriman is able to recommend to his directors the commencement of dividends on Southern Pacific com ship of the $25,000 of stock now issued of the New York & mon at the rate of 5% and an increase of the rate on Union Pacific to 10% Port Chester R R ., we learn that the summons to the de The maintenance of these rates seems easily within the capacity of the fendants to appear in the case bears date of July 10 1906, properties in view of the splendid physical condition to which they have been brought and the strong strategical and financial position they have Guggenheimer, Untermyer & Marshall being attorneys for attained. After payment of the dividends just declared and the dividends upon the preferred, the combined net result for the year of the Union the plaintiffs.— V. 83, p. 213. Pacific and Southern Pacific is over $29,000,000, without cognizance o f Norfolk & Western Ry.— C o n v e r t i b l e B o n d s . — The share over $4,100,000 charged in the expenses and reserve for betterments. It is holders will vote on Oct. 11 on a proposition to authorize betweenparticularly worthy ol notice that distinction is apparently madeincome from the Union Pacific’s railroad properties and the income an issue of not exceeding $34,000,000 convertible bonds from investments, and that the latter is sufficient to pay what is evidently THE CHRONICLE A u g . 18 1906. | Intended to be semi annual dividends at the rate of -1% per year from that source, continuing' the contribution from the railroad earnings on tlie con servative basis of 6 % .— V . S3. p. 156. 97. United Railways & Electric Co. of Baltim ore. D e p o s its The Maryland Trust Co. of Baltim ore, by advertise ment on another page, announces that deposits of income bonds will be received by it on or before Aug. 31, under the terms of the financial plan, w hich, subject to the deposit.of a satisfactory am ount of the bonds, provides for the funding of incom e coupons from June 1 1904 to June 1 1906, both in clusive, at once, and subsequent coupons to and including Dec. 1 1910 as they mature. See terms of plan in V. 83, p . 156,215,324. United Railways of St. L ou is.— B o n d s L i s t e d . — The New York Stock Exchange has listed $977,000 additional general first mortgage 4 % bonds of 1934, issued to take up divisional bonds, making the total am ount listed $29,269,000. E a r n in g s .—-For year ending June 30 1906: C a lle d .- Gross earnings_____ Operating expenses. Net earnings Other Income. ___58,774,299 jTaxes--------------------------------. ------ 4,413,0851Depreciation __ --------------- ! Interest on underlying liens $-191,542 454,886 733,500 . .$4,361,214 1Interest on United Rys.Go. 39,8951 4°;, bonds_______ _____ 1,148,400 Surplus over Interest on ---------------- general m ortgage b o n d s .$1,573,282 N et Income________ ___ $4.401.1101 — V. 83. p. 324, 156. Wabash RR.— M e e t i n g O c t . 22 to A p p r o v e P l a n . — A special meeting of the stockholders and debenture bondholders w ill be held in Toledo, O., on Oct. 22 to approve the financial p la n . A circular announcing the call will be issued next w e e k and one regarding the purposes of the meeting will be s e n t to the security-holders either at that time or at a subse q u e n t date.—V. 83, p. 273, 215. Western Ohio R y.— N e w S t o c k . — The shareholders voted Aug. 15 to issue $400,000 6% cumulative preferred stock in e x c h a n g e for the $400,000 preferred stock of the Lima F i n d l a j r & Toledo. The L. F. & T., it is stated, passes out of e x i s t e n c e , its common stock being already owned. Com p a r e V . S 3 , p . 97,157. IN D U S T R IA L , GAS AN D M ISCELLAN EOU S. American Cereal C o. — M e r g e r . — The shareholders of this company, most of the stock of which is owned by the Quaker Oats Co., will vote Aug. 27 on reducing the outstanding stock from $3,341,700 to a nominal sum, possibly $10,000, and on disposing of all their plants, real estate and other property to the Quaker Oats Co. Compare V. 83, p. 321. American Oak Leather C o.— A m e n d m e n t s to C h a r t e r A u t h o r i z e d .—The shareholders on Aug. 14 duly ratified the pro posed amendments to the articles of incorporation. See V. 83, p. 215. Am erican Radiator C o. — D i v i d e n d T a l k . — Vice-President Pierce is quoted as saying: " I have heard of the reports o f a proposed increase In the dividend rate on our com m on stock, but this talk is entirely w ith ou t official sanction. I cannot say what our directors will do in the future, but I am frank to say that so far as the com pany is concerned there has been nothing done that could lead to the statem ents of a proposed increase in our dividend rate. Our business Is very g ood , conditions are excellent here, and our foreign trade is in a healthy condition. The managem ent feels m uch en couraged with general con dition s.” — V . 82. p. 754. American Sewer Pipe Co. See Sewer Pipe Trade Associa tion below.— V. 82, p. 451. Associated M erchants’ C o. — L i s t e d . —The New York Stock Exchange has listed $5,073,800 6% cumulative second pre ferred stock and has authorized the listing from time to time of 86,115,000 additional of said stock on receipt of official notice that it has been issued b}- the conversion of first pre ferred stock, making the total second preferred listed and to be listed $11,188,800. The authorized second preferred stock was increased April 18 1906 from $5,000,000 to $10,000,000, thus making the total authorized capital stock $25,000,000, divided (except as changed by conversions of first preferred stock into either common or second preferred stock, as provided by the by-laws) into $10,000,000 first preferred, $10,000,000 second preferred and $5,000,000 common stock.— V. 83, p. 274. Associated Oil Co., Cal. — X o D i v i d e n d a t P r e s e n t . —The directors at a meeting held at San Francisco on Aug. 6 de cided to omit payment of the semi-annual dividend which would ordinarily have been paid early in August. The rea sons for this action are stated by Vice-President W. S. Por ter in a letter to the stockholders, substantially as follows: During the past tw elve m onths the com pany has purchased a pipe line from Coallnga to the ocean, tank stations at M onterey, H on olulu, Portland and Tacoma: a pipe line from Santa Marla to G avlota, a refinery at G avlota. oil properties and six vessels for carrying oil at a cost exceeding $4 .000,000. About one-half o f the purchase price of these properties was paid In cash. l ne remainder was to be paid from the proceeds of a bond sale. A large part of the bond Issue had been underwritten when the recent fire disturbed trade and finances In California, and the directors concluded that It would be better policy to apply the surplus earnings In reducing the Indebtedness of the com pany. Com pare “ R e p o rt" In V. 83. p 91. B a r n e y & S m i t h Car Co. —D i v i d e n d s R e s u m e d o n C o m m o n S t o c k . — The com pany has declared a dividend of 1 % on the $2,000,000 common stock, payable Sept. 15, being the first distribution o n the com m on shares since June 1893, when 5 % was paid.— V. 83, p. 40. Bell Telephone Co. of Canada. — X ew S t o c k . —Stockholders of record August 31 will be entitled to subscribe at $125 a share until 1 p . m. September 15 to one share of new stock for every nine shares held, thus increasing the out standing stock from $9,000,000 to $10,000,000. Subscrip 381 tions may be paid in full Oct. 1, or in four installments, viz., $50 Oct. 1 1906 ($25 thereof on account of premium), $25 Nov. 1 1906, $25 Dec. 1 1906 and $25 Jan. 2 1907.—-V. 82, p. 1374. Butte Coalition Mining Co.— D i v i d e n d Q u a r t e r l y . —The dividend of 40 cents a share, referred to last week, is now stated officially to be a “ quarterly” distribution. The ad vertisement which we used a week ago did not contain this word.—V. 83, p. 325, 98. Cananea Central Copper Co.— O j j i c i a l S t a t e m e n t a s to E n t e r p r i s e . —See Greene Consolidated Copper Co. below. (In last week’s statement the name James Houston should be James Iloatson.)— V. 83, p. 325. Chicago Pneumatic Tool Co.—E a r n i n g s .-—The results for the half-year ending June 30 were: H a lfYear. N et D ep recia t’n, B o n d P rofits. E tc. Interest. 1906 . . . $457,483 $70,742 1905 . ______ 413.942 57.705 $57,500 57,500 S in k in g Fund. $25,000 25.000 D ivid en d s (2 % ). $122,176 122,276 B a lance, S u rp lu s. $182,065 151,461 The total surplus June 30 1906, after appropriating $25,000 on account of developments was $693,357.— V. 82, p . 989. In a statement accompanying the report President J. W. Duntley says: While the company Is earning approximately 10% for dividends on its capital stock, the surplus Is being used for Increasing manufacturing facil ities and for additional working capital. Unfilled orders on hand at the present time are greatly In excess as compared with any previous time since the company was organized. This, in connection with our increasing factory facilities and new tools developed, which are about to be marketed, makes the prospects look encouraging for the balance of the year.— V. 82, p. 989. Colorado Fuel & Iron Co.— R e p o r t . —See “ Annual Re ports” on a preceding page. L i s t e d . —The New York Stock Exchange has listed $2,000,000 additional common stock, making the total amount listed $32,133,000. The additional stock, along with $4,000,000 Colorado Industrial bonds, was offered to stock holders last spring and underwritten by a syndicate. See V. 82, p. 807, 1042, and compare “ Annual Report” on a preceding page of this issue. As to listing of the additional guaranteed bonds of the Colorado Industrial Co., see that company below.— V. 83, p. 326. Colorado Industrial Co.—L i s t e d . —The New York Stock Exchange has listed $4,000,000 additional first mortgage collateral trust guaranteed 5% bonds of 1934, series “ B ,” making the total amount of series “ A ” and series “ B ” bonds listed $34,030,000, of which $13,030,000 series “ A” and the remainder “ B .” The designation of series “ A ” bonds as “ convertible” has been discontinued by the Stock Ex change, the right of conversion having expired by limita tion on Aug. 1 1906. All the bonds of both series, there fore, both “ A ” and “ B ,” have the same rights and standing and are equally secured under the mortgage and are stamped with the same form of guaranty by the Colorado Fuel & Iron Co. (Compare V. 83, p. 326.) See also statement for Colo rado Fuel & Iron Co. above. A n n u a l S t a t e m e n t .— See “ Annual Reports” on a preced ing page of this issue.—V. 83, p. 326. Consolidated Light, Heat & Power Co., Ottawa, Ontario. —C o n s o l i d a t i o n . — Under this title a consolidation has been effected of the Ottawa Electric and Ottawa Gas companies. Capital stock, $2,000,000; no bond issue. Stock transfers are now being made and the shareholders of the constituent companies receive a similar amount of stock in the new company. The officers are Mr. T. Ahearn, President; Hon. E. H. Bronson, Vice-President; and Mr. D. R. Street, Secretary and Treasurer. Consumers Water Co., Vicksburg, Miss.- X e w E n t e r p r i s e . —As a result of the agitation against the rates charged by the existing company (Vicksburg Water-Works Co., V. 83, p. 102), this new company has been incorporated with $300,000 of authorized capital stock, in shares of $25 each, to build a new plant. Incorporators: Adolph Rose, W . C. Craig, W . H. Dupre, M. J. MulvihiU, Pat Henry John Brunini, Marye Dabney, Sol Fried, Austin Warner, R. M. Kelly, W R. Bucket, E. J. Bomer, M. F. Levy, C. J. Searles, T. A . Helgason, W . H. Fltzhugh. Detroit (Mich.) Edison Co.— D e b e n t u r e s A u t h o r i z e d . —The shareholders on Aug. 15 authorized the $1,000,000 convert ible debenture bonds. See V. 83, p. 275. Greene Consolidated Copper Co.—O f f i c i a l S t a t e m e n t . — President W. C. Greene on Aug. 13 gave out substantially the following statement: Upon June 1 we had some serious labor troubles, resulting In the loss of a number of lives and the destruction by tire of the company’s lumber yard . Involving loss of stock and material of about $200,000. The trouble was Immediately suppressed, and while our production for June and July was materially lessened. It Is again normal. Our July production, including mattes and due dust shipped was 4,060.000 pounds of copper. That for the month of August will probably be In excess of 4,500,000. The money for Inciting the riots was furnished from New Vork. and was part of a deliberate attempt to depreciate the securities of the company. Quiet has been completely restored at Cananea. and the Mexican Govern ment will maintain a strong garrison at Cananea. thereby Insuring against any recurrence of labor troubles. In pursuance of the policy to treat the lowest grade of ore consistent with a net prollt of $225,000 per month, the grade of ore treated has been re duced from 4 % to 2 k f %. thereby demonstrating that the enormous bodies of ore which we have exposed with a copper tenor of 00 pounds of copper per ton can be worked at a large prollt. Developments at the mines have been extremely satisfactory. Our re serves have been largely Increased, large bodies of ore having been encoun tered In the Puerteclto, upon the lower levels 800 feet below the surface croppings, and upon the Ksperanza. Massey and Veta Grande ore bodies. During the past few months extensive and very valuable discoveries of copper have been made to the southeast of the Cobrc Grande mines upon the grounds belonging to the Cananea Development Co. and the America Copper Co., both of which latter properties were located a number of years since, but have until recently been considered of little value. Our Cananea Consolidated Copper Co. during the past few months located gTound ex 382 THE CHRONICLE. tending still farther to the southeast, comprising nine properties, viz.. Sierra de Gloria, Guanajuato, Cole No. 1 arid No. 2, Seguro, Square, Marqulta No. 1 and No. 2 and Granada, together aggregating 4,221 pertenencias, all located upon the strike ol the mineral zone at Cananea and heavily mineralized. During my trip 1 took an option upon the America property and upon the Cananea and Duluth properties, which options, together with the Bryan, Seguro, .Square and a portion of the Massey No. 2 locations, were turned over to a Minnesota corporation (the Cananea Central Copper Co.; see V. 81), p. 225) organized by a number of Duluth and Montana capitalists and my self. This company was organized with a capitalization of 1,000,000 shares, par value of $10 each, of which (500,000 shares were issued, Mr. Thomas F. Cole and associates taking 400,000 shares, paying therefor In cash par $10 a share, the proceeds going Into the treasury of the new com pany. Our Cananea Consolidated Copper Co. received 200,000 shares, full paid and non assessable, par value $10 each, in payment for the loca tions which it sold to the new company. This stock Is at present selling at $12 50 per share. The ore bodies which have been opened upon the America and Cananea and Duluth grounds are large and carry good value. The price of copper has held steady; and there is every indication that at least the present price will be maintained for the coming year. The average price received for our June output of copper was 18.59 cents per pound, while our July output was sold at 18.52 cents per pound. Our pro duction is sold up to Aug. t. Our stockholders’ list is continually Increas ing. we now having 7,835 stockholders, as against 5,226 stockholders at the time of our last annual meeting. Upon the timber lands of the Sierra Madre Land & Lumber Co. 51% of the stock of which is held by our company, work of installation of the plant capable of sawing 506,000 feet of lumber per day, is progressing rapidly. The railroad from Temosachic, the present terminus of the Chihuahua & Pacific, has been surveyed to San Pedro, where our mills will be erected; 9 kilometers of track have been laid and the rails, ties, &e., for the entire road are at Temosachic ready to be laid. This 52 kilometers of railroad will be finished between Oct. 1 and 15 1906, enabling the Cananea Company to utilize its own lumber. Dividend No. 18 ol $400,000, making an aggregate of $4,994,400 paid in dividends to date, was paid June 30. The current net earnings are more than sufficient to take care of the dividends now being paid, and there Is no reason to anticipate that any reduction will be made in dividend payments for the coming year. [V O L . L X XX J1I. interest date at 110 and interest. Denomination $1,000. Interest payable April 1 and Oct. 1 at office of trustee or at the Morton Trust Co., New York. Sinking fund, 25% of net profits, beginning April 1 1911. No prior liens re main outstanding. The company owns a hydro-electric power plant of 3,000 horse-power capacity (“ can be Increased to 10,000 h.-p.” i on Bishop’s Creek, Inyo County, Cal., about 7 miles from the town of Bishop (this plant was placed in operation In September 1905), also 112 miles of transmission lines to Tonopah, Goldfield, etc., Nevada; and electric light plants at Tonopah, Goldfield and Manhattan, Nev. The company absorbed by purchase the Tonopah Light & Power Co. and the Goldfield Electric Light & Power Co. The "Electrical World” of New York on June 30 had an Illustrated article regarding the power plant. F. J. Campbell Is President; G. S. Wood, Secretary and Treasurer. New Brunswick Telephone Co.— N e w S t o c k . —A Canadian paper says: “ The company will apply to the Provincial Government for power to increase the capital stock from $650,000 to $1,000,000. The dividend for some years has been 8 % . ” Obey River Coal Co., Nashville.— L e a s e . —This company has leased one mine for 20 years at 10 cents per ton royalty to F. J. Fuller of Nashville and E. L. Hampton of Tracy City ,*jTenn. Compare V. 83, p.|100. .. ^ Ohio & West Virginia Telephone Co.— B o n d s O f f e r e d .— This company was incorporated Jan. 19 1906 under the laws of Oklahoma, with capital stock of $300,000 (par of shares $100), to consolidate and develop independent telephone systems; and for this purpose has authorized an issue of The directors on Aug. 15 declared dividend No. 19 of $300,000 5% gold bonds (5-40s), redeemable at company’s 40 cents per share (4% on $10 par), payable Sept. 15 to option any time after 5 years at 105 and interest; bonds dated holders of record Aug. 25. — V. 83. p. 323, 158. March 1 1906, denomination $100 and $500; trustee, Dollar (The) J. G. Brill Co., Philadelphia. — M e r g e r . —The Phila Savings & Trust Co., Cleveland. President and Treasurer, C. V. Wyant. The Colonial Securities Co., Cleveland, in delphia News Bureau of Aug. 8 had the following: "The J. G. Brill C o.” (as distinguished from “ J. G. Brill C o ."), which offering the bonds at^par and accrued interest, with 100% was chartered in Harrisburg July 23 with a nominal capital of $50,000, will stock bonus, says: take over the various car-building plants now owned by the Brill interests. It is the intention to put all the properties together and in addition to this to pay off the small bond issue of the Elizabeth (Stephenson) plant, which Is the only mortgage indebtedness upon any of the Brill plants. (See V. 72, p. 187). The “ J. G. Brill C o.” owns four of the largest car-building plants in the country and is about to acquire a fifth plant, located in Massachusetts. The plants now owned are: The Brill works in Philadelphia, the American Car Co. in St Louis, Mo.; the John Stephenson Co. in Elizabeth. N. J.; and G. C. Kulhman Car Co. in Cleveland. The capital of J. G. Brill Co. is now, and has always been, merely nominal, $600,000. It will be largely in creased under the new plan.— V. 80, p. 713. Kansas City Gas P ro je c t. —F r a n c h i s e D e c l i n e d . —A press dispatch from Chicago on Aug. 14 announces the determina tion of the Wilbur interests to decline the franchise voted them last week on the ground that the conditions are “ too onerous.” See V. 83, p. 326. K irby Lum ber C o. — P a y m e n t o f O v e r d u e C o u p o n s . —Cou pons due Aug. 1 1906 on the Maryland Trust Co. timber certificates of beneficial interest in Kirby Lumber Co. con tract with Houston Oil Co. of Texas will be paid on Aug. 24 together with interest on said coupons at the rate of 6% per annum from Aug. 1. The principal of certificates— Series “ F” —$260,000 due Aug. 1 1906, will be paid later, date not decided.— V. 83, p. 99. Lake Superior Corporation. — S u b - C o m p a n y . —See Michi gan Lake Superior Power Co. below.— V. 82, p. 1269. M em phis (Tenn.) Telephone C o. — N e w M o r t g a g e . —The company, it is stated, has filed a new mortgage to secure an issue of $3,000,000 bonds and will increase its capital stock from $1,000,000 to $3,000,000. A mortgage for $1,000,000 was made in 1904.— V. 78, p. 1395. M ichigan Lake Superior Pow er C o. —R e c e i v e r s ' C e r t i f i c a t e s . —The United States Circuit Court of the Western district of Michigan on Aug. 16, it is stated, authorized Receivers C. D. Warren and Clarence M. Brown to issue $500,000 receivers’ certificates to provide for improvements, so that the power plant can be brought to its maximum capacity. The Lake Superior Corporation, it is reported, has guaranteed that the $500,000 will cover the cost of all necessary improvements.— V. 82, p. 573. National Enameling & Stamping C o.— R e p o r t . — The gross profits for the fiscal year ending June 30 last are reported as $1,576,396 (comparing with .$1,460,267 in 1904-05 and $1,528,366 in 1903-04); tire surplus above 7% dividends on the preferred stock being $272,710. The regular dividend of 7% on the preferred stock was declared payable in four equal quarterly installments on Oct. 1 1906 and Jan., April and July 1 1907. No action was taken in regard to a divi dend on the common stock. N e w D i r e c t o r s . —R. D. Samuels and Charles L. Wagandt have been elected directors in place of Frederick Haberman and J. D. Ingram.— V. 82, p. 755. National Gas, Electric Light & Pow er C o,— B o n d s t r o l l e d P r o p e r t y . — See Rome (N. Y .) Gas, Electric Power Co. below.— V. 82, p. 1500, 1382. of C on Light & (The) N evada Pow er M ining & M illing Co., Denver, Colo. B o n d I s s u e — R e f u n d i n g — S t a t u s o f E n t e r p r i s e . —This company, incorporated under the laws of Colorado on Dec. 31 1904, its capital stock being now $1,000,000, all of one class and all outstanding (par of shares, $100), has paid off all the old bonded debt, $300,000, and made a mortgage to the International Trust Co. of Denver as trustee, securing an issue of $1,000,000 6% gold bonds, of which $565,000 are outstanding, and $435,000 reserved for enlargements. These bonds are dated April 1 1906 and are due April 1 1926, but subject to call after April 1 1916 in any amount on any N ew The Wellsburg (W. Va.) Home Telephone Co. (about 300 telephones In operation) has already been merged into the Ohio & West Virginia Telephone Co., and we have also secured options on the Black River Tel. Co. of Lorain, Ohio; the Oberlin Tel. Co. of Oberlin, Ohio, and the Wellington Tel. Co. of Wellington, Ohio. These towns are all in Lorain County. Lorain has about 2,300 ’phones: rates, $20 and $30. Oberlin, 560 'phones, with $15 and S24 rates; Wellington 580 'phones with $12 and $24 rates. The net earnings of these three companies and the Wellsburg company (where the net earnings, after paying fixed charges, are now about 84,000), are about $34 000. Deducting 5% on the 8100,000 bonds at Lorain $5,000; the fixed charges at Oberlin, where they have 810,000 bonds, or about 81,000 (a $500 bond must be retired annually); and 81,000 at Wellington for 5% interest on 810,000 bond3 and 6% on like amount preferred stock, we have $26,900, which would pay the interest on our entire authorized issue of bonds and about 4% on all our capital stock. Ottawa (Ont.) Electric Co.— C o n s o l i d a t i o n . —See Consoli dated Light, Heat & Power Co. Ottawa (Ont.) Gas Co.— C o n s o l i d a t i o n . —SeejConsolidated Light, Heat & Power Co. above. Portland (Me.) Electric Co.— M o r t g a g e . —This company has made a mortgage to the Portland Trust Co. securing an issue of $1,500,000 first mortgage 20-year sinking fund 5% bonds dated Aug. 1 1906 and due as a whole Aug. 1 1926. or at the company’s option at par and interest $125,000 in 1911, $125,000 in 1916 and $125,000 in 1921, the balance due 1926. The entire issue may be retired on any interest date at 110 and int. Interest dates Feb. and Aug. Denomi nation $1,000. This issue is for the purpose of securing the property recently purchased of the two Portland electriclighting companies and the water-power privileges on the Saco River at West Buxton and for development of the available power of the latter. A. B. Leach & Co., Boston, New York, Chicago and Philadelphia, are offering for sale the bonds and also a limited amount of the preferred stock. See V. 83, p. 100. Portland (Ore.) General Electric Co.— E a r n i n g s . — Results for the years ending March 31 (compare V. 80, p. 2463): E x p e n ses Y ear. G ross. 1905-06 _ ____________ $892,598 1904-05_____________ 731,974 — V. 82, p. 1105. < T a xes. fc $423,523 319,776 N et. In terest. $469,075 $200,000 412,198 ______ B a la n ce, S u rplu s. $269,075 ______ Sewer Pipe Trade A ssocia tion . — D i s s o l u t i o n .—At James town, N. Y ., on July 19, Harry A. Hall, of Pittsburgh, representing the Association, appeared before United States District Attorney Brown, who was intending to present to the Grand Jury his case against the members of the Associa tion on the charge of a secret contract to limit the produc tion and control the territory and prices of sewer pipe, and submitted the proposition that, rather than have the pro posed investigation, he would enter into an agreement whereby the Association would be dissolved. The proposi tion was accepted by the District Attorney. The Sewer Pipe Trade Association, according to the articles of agreement, was composed of the following: American Sewer Pipe Co., Pittsburgh: Buckeye Sewer Pipe Co., Akron. Ohio; Clearmont Sewer Pipe Co., Clearmont, Pa.: Duquesne Fire-Proofing Co., Pittsburgh: East Ohio Sewer Pipe Co., Irondale, Ohio.: Federal Clay Manufacturing Co., New York City; James Loeb & C o.. UhrichsviUe, Ohio: New York State Sewer Pipe Co., Rochester; Patton Clay Manufacturing Co., Patton, Iowa: Pittsburgh-Buffalo Co., White R ock, Pa.; Portland Stoneware Co.. Portland, Me.; Robinson Clay Product Co.. Robinson Graves Co.. Urichsvilie, Ohio: St. Mary’s Sewer Pipe Co.. St. Mary’s. Pa.: Kane Aberkersch Co., Toronto. Ohio: Stratton Fire Clay Co., Empire Ohio; and Shawmut Clay Manufacturing Co., Urichsvilie, Ohio. Saxton (Pa.) Furnace C o. — B a n k ru p tcy S a le S ep t. 6 .— William H. Staak, Franklin Building, Philadelphia, trustee in bankruptcy, advertises this property for sale at auction in Philadelphia on Sept. 6 under order of the District Court of the United States for the Eastern District of Pennsyl vania.—V. 78, p. 233. For o th e r I n v e s t m e n t N e w s see p a g e 3 8 4 . 83 o o THE CHRONICLE A u g . 18 1900. j Reports and ilocumcnts C E N T R A L OF G E O R G IA R A I L W A Y C O M P A N Y . ELEVENTH ANNUAL R E P O R T — FOR TH E FISCAL Y E A R EN DED JUNE 30 190G. S a v a n n a h , G a .y A u g u s t J u n e 30 T o th e S t o c k h o l d e r s : 1906. Capital S t o c k ------------------------- ---------- --------------- $5,000,000 Funded D ebt--------------------------- -------------------- - - - 50,033.000 + §1,170,000 + 640,767 2,429,765 Equipment Trust Obligations---------------------------+ 10,657 217,928 Reserve from Sale of Atlanta Property_________ 106,739 Reserve from Chattanooga Division Bonds______ — 33,940 In crea se. 1 Reserve from Oconee Division Bonds____________ 125,314 §1,261,068 I Reserve for completion of Chattahoochee & Gulf 817,246 I 10,238 — 3,809 R ailroad--------- -------- --------------------------------------Tunnel Coal Co.— for construction of Upper $443,821 98,242 + 98,242 Cahaba Branch----------------------------------------------26,257 Greenville & Newnan R y. Co.— for construction 261.491 of line Greenville-to Newnan________________ _ + 261,491 $470,078 Fire Insurance Reserve------------------------------ --------192,443 + 53,954 486,604 + 114,364 Other Reserves------------------------- -------- -------- -------558,725 + 52,571 Interest, Rentals and Taxes accrued, not due-----$15,224 Sundry Accounts------------- -------- - ---------- -------------4,184 + 237 536 Current Liabilities----------------------------------------------- 1,152,802 + 168,330 54,463 Reserve for Interest payable October 1 1906 on 3.700 750,000 Income Bonds-------------------- -------- ------------------647,867 + 041,211 Profit and Loss--------------------------- - ---------- -----------73,924 $62,075,343 + §3,074,080 T o t a l------------------------------ -------- -------- ---------$396,154 The Directors submit the following report upon the opera tions of the Company for the year ended June 30 1906 and its financial condition at that date: INCOME ACCOUNT. 1906. 1905. Gross Earnings______________________ §11,396,122 §10,135,055 Operating Expenses and Taxes_______ 8,235,212 7,417,966 Net Earnings------ --------- - --------- $3,160,910 274,621 Other Income------------------------------------ $2,717,089 248,364 Total Incom e---------------------------------- $3,435,531 $2,965,453 Deductions— 1merest on equipment trust obligations Interest on funded debt— fixed — Rentals---------------------------------------------M iscellaneous_______ — ------- $80,639 1,672,580 420,767 10,874 $65,414 1,672,044 366,304 7,174 2,184,860 2,110,936 B a la n ce----------------------------------------- $1,250,671 Reserved for interest payable October 1 on Tne<">rne Ronds 750,000 $854,517 $500,671 $104,517 Total---------------- --------------------------- Net Income_____ - C om p , with J u n e 30 1905. In c . ( +) or D ec . (— ) 10 1906. ------- L IA B IL IT IE S — 750,000 The Compare has no floating debt. The increase in Property and Investments Capitalized is explained as follows: $396,154 P R O F IT AND LOSS ACCOUNT. The credit balance at June 30 1905 was___________________________ $856,655 Of which therewas applied for interest payments October 1 1905: No. 10 at5% on First PreferenceIncome B on d s_______ §200,000 2 “ Second “ “ “ 350,000 * 1 • “ Third “ “ “ 200,000 750,000 Paid in Purchase Money 1st Mortgage Upper Cahaba Branch Gold Bonds for lands, railways, franchises, &c., of the Tunnej. Coal Company------------------------------------------------------------------------- §600,000 Paid in Purchase Money 1st Mortgage Greenville & Newnan Main Line Gold Bonds for railways, franchises and other p rop erty of the Greenville & Newnan Railw ay__________________ _ 600,000 32,592 Purchase of Land___________________ ____________________ _______ Additional yards, terminals and tracks-------------------------------------107,073 Cost of widening gauge Columbus to Greenville, Ga., $216,068 57, less charged to Operating Expenses, §87,553 36______________ 128,515 Leaving a balance o f___________________________________________ §106,655 The net income from operations for this fiscal year was___________ 500,671 Received from Georgia Railroad for account of adjustment of ac counts in previous years for terminal facilities at M acon________ 40,586 §647,912 Debit from liquidation of assets and liabilities of receivers and purchasers___________________________ __________________________ Less adjustment of the book value of the security pledged under the consolidated mortgage___________________________________ 46 2,042 $647,866 §1,466.13S C om p , with J u n e 30 1905. I n c . (+ ) or D ec . (— ). The increase in Investments not Pledged is shown by classes in the General Balance Sheet. The increase in Funded Debt represents $1,200,000 00 Upper Cahaba Branch and Greenville & Newnan Main Line 1 st Mortgage Bonds mentioned above, less $30,000 00 thereof ($15,000 00 each issue) matured and paid. The increase in Equipment under Trusts is due to the pur chase during the year of 450 ventilated b ox cars, 500 coal cars, 400 flat cars and 50 ballast cars. The Equipment Trust Obligations on June 30 are described as follows: Credit balance June 30 1906 FIN A N C IA L CON DITION . J u n e 30 1906. ASSETS— Property and Investments Capitalized___________ §55,157,794 + §1,466,138 + 500,924 Investments not Pledged________________________ 1,030,219 + 640,767 Equipment under Trusts________________________ 2,429,765 + 115,48S Materials and Supplies__________________________ 565,717 — 106,675 Deferred Assets_________________________________ 73,827 Fund with Trustee for completion of line Green + 317,416 ville to Newnan_______________________________ 317,416 + 140,022 Current Assets__________________________________ 2,500,605 $62,075,343 +$3,074,080 Total §1,468,180 P R IN C IP A L O F E Q U IP M E N T T R U S T NOTES. Equipm ent. Date of Trust. May 24 1900 ____ _____ ________ _ (C. R. <c S. R R . Co.) $ Jan. 21 1901___ _______ _______ __ (C. & D. R R . Co.) Nov. 14 1901_________ _ _ __ _ (Trust “ A .” ) Sept. 2 1902 * ............. .... _ (Trust " B .” ) Oct. 1 1902_____________ _____ __ .. (Trust "C .” ) 100 Coal Cars. Jan. 11 1905________________ (Trust “ E .” ) Jan. 3 1905________ (Trust “ F .” ) Jan. 15 1905___ ____ (Trust “ G .") ______ __ _ 3 1200 800 ______ r 8 2 5 15 .500 500 Feb. 1 1906________ _________ ________ (Trust “ H •') ----------------------------- _____- ______ - ____ \ _ _ __ _ .. ] _ __ _ _ __ _ ___ 15,401 40 9,350 85 2,200 20 158,120 00 113,319 05 31,624 20 _____ 288,000 00 90,000 00 36,000 00 162,000 00 Sept. 1 1910 Passenger Locom otives. _ . . Freight Locomotives . . ------. Passenger Locomotives — Freight Locomotives ---- -----Sleeping Cars _____ .. 1st class Passenger Coaches _ _ 2nd class Passenger Coaches--------Box C ars.. _ ------------------Coal Cars. ------------- --J 1st class Passenger C o a ch e s -------Combination Coaches------------------, Passenger Locomotives — -----Freight Locom otives. __ _______ Ventilated B ox C a r s . . ------ ------. Ventilated B ox C a r s _____ ______ 130,000 00 65,000 00 26,000 00 39,000 00 Oct. 1 1907 938,000 00 201,000 00 ■ 134,000 00 603,000 00 Nov. i j t 910 64,800 00 8,100 00 32,400 00 500 B ox Cars. _ 3 1450 500 MOO 50 D ale of F in al P aym en t . $37,648 80 250 Coal Cars _ 6 5 5 1 15 3 P aid during 12 Paid P rio r to M onths ended Outstanding . J uly 1 1905. June 30 1906. ____ / 25 Box Cars f Nov. 2 1903 ________________ ______ (Trust ••D.") _______ \ 25 Coal Cars. r 1 Original Issue. _ _ _ _ 462,000 00 228,150 00 Ventilated Box Cars_____________ Coal C a r s _ __ _ ________ ____ Flat C a r s _ __ _______________ _ Ballast Cars. ________ - Total RESERVE FROM CHATTANOOGA D IVISION BONDS. _ . Dr. Cr. Balance, July 1 1905................................ ............................. $140,679 Interest on monthly balan ces............................................. 3,821 Strengthening and renewal of Iron bridges on the Chat tanooga District............. ........................... .......... .......... .... § 1 8 ,081 Filling Trestle No. 6 on the Chlckamauga & Durham 3,292 Branch___________________________________ _____ ___ Purchase of land at Chattanooga, T cn n _______________ 1 ,800 Construction of yard, round-house, divisional shops, etc., at Cedartown. Ga......... ............................ .............. 14,589 Balance, June 30 1 90 6....................................................... 1 0 6 , 7 3 9 §144,501 §144,501 ________ -------------- — $5,378 40 $4,930 20 May 1 1907 3,850 35 Mar. I 1908 13,176 75 N ov. 14 1906 24,300 00 Jan. 11 1907 66,000 00 19,012 50 1,020,000 00 _ _____ _ ----------- ------ $3,342,120 20 The increase in Materials and Supplies is shown in detail in Table No. 17 of the Auditor's report. The following analyses of sundry Reserves, showing the balances brought forward from the previous year and the charges and credits during the year, will explain the in creases and decreases therein: $27,340 20 396,000 00 Jan. 45,630 00 163,507 50 Jan. 15 1910 1 1912 1,020,000 00 Feb. $533,122 60 1 191G §379,232 80 $2,420,764 80 R E SE R V E FROM OCONEE DIVISION BONDS. _ t D r. Balance, July 1 1905............... .................... ......................... Balance, June 30 1906............... ..........................................§ 1 2 5 , 3 1 4 §125,314 C r. §125,314 §125,314 R ESERVE— CHATTANOOGA D IV ISIO N — SPECIAL. Balance, July 1 1905...................... Interest on monthly balances___ Balance, June 30 1 9 0 6 ............. D r. §50,349 §50,349 R E SERVE FOR COMPLETION CH A TTA H O O C H E E Balance, July 1 1905 .. Expenditures during the year towards completion o f the Florida Extension_________ ________________________ Balance June 30 1 9 0 6 - ...................................................... C r. §48,863 1,480 & GUI D r. §50,349 RR. C r. ^ $14,046 §3.809 10,237 §14,046 §14,046 THE CHRONICLE. 384 R E S E R V E — M A IN T E N A N C E OF W A Y A N D S T R U C T U R E S . D r. C r. $230,267 Balance. July 1 1 905________________ __________ ______ Charged to Operating Expenses on account of steel rail contracted for during the year, for renewal of ties and for expenditures under appropriations on account of property acquired, and side, spur and passing track, & c_______________________________ Charged to Reserve for value of certain rail put Into track, In excess of that released thereby, for value of ties used and for appropriations________________ Balance, June 30 1906, unexpended on appropria tions _________________________________________________ 856,940 S ea rs, R o e b u ck S ou th ern S teel th e 612,169 12,249 p a n y a n d la r g e a m o u n t c a r r ie s its o f w id e ly fir e r is k s , c h a r g in g In su ra n ce R e se rv e o w n c r e d it in g F ir e p r o x im a tin g w h a t it w o u ld sca tte re d p ro p e rty w it h V . 8 2 , T ir e o t h e r w i s e h a v e t o p a y in in s u r a n c e b e b u ilt. D u r in g S T E A M S H IP th e y e a r “ T a lla h a s s e e ” w ere a d d it io n a l s h ip tu g a n d in g fo u r b u s in e s s T h ere G o ld b y th e o f S te a m s h ip s s o ld . th e o f o f w ere th e C r. $138,489 122,500 186 20,882 $21,091 22,101 46,421 192,443 G o o d r ic h C o. o f T o p e k a h a s b een A tla n ta ” to S a v a n n a h ” m a d e t jq ie , an a n d fo r an a d d it io n a l a cco m m o d a te th e g ro w on R a ilw a y S te a m s h ip J u n e 1906 o f th e C o m p a n y , e n d o rse d C o m p a n y , fo llo w in g 30 c a p ita l a n d re fe rre d u n p a id to in a ssu m ed th e la s t a n b o n d s: C o. in th e in b y is (V . T h e o p e r a tio n s o f th e S te a m s h ip C o m p a n y s a tis fa c to r y , b u t o w in g in c u r r e d p u rch a se s h ip s in d iv id e n d s th e h a v e b een o f n ew A s h a s b e e n in d ic a t e d b e e n b u ilt (a d d e d m e n t fie ld to o f in th e C la ir th e e x te n s io n o f o f a b a s is , to n s o f w it h u n til th e g o o d v e ry p . in o f lin e s th e o f b e o f in to a n d th is co v e r in g e rty , c ia l a n d o f T h e M essrs. c o p y co a l h as le n g th d e v e lo p C a h a b a p ro p e rty th e b e e n co st p a id a c o f fo r th e w ith d iv is io n a l 4 % r e s p o n s ib le c o m p a n y u p o n d e v e lo p e d g u a ra n te e d o n a v e ry p r o d u c tio n su b is n o w th e term s o f th e in c r e a s e d b e e v e ry s ix to n s’p e r w ere d a y . T h e in d ic a t e s on e w ere h u n d re d c o n m o n th s c o a l is th a t t h is o f is & a d ja c e n t n in e ty -fo u r w it h a on o f to o u r lin e d u r in g trees 3 % , p a y a b le — V . 8 1, re p o rt o f p h y s ic a l o f th e th e c o m in g o f th e G en era l c o n d itio n A u d ito r o p e r a tio n w it h in o f e ffic ie n t to th a t w h ic h o f J u n e M a y w a s w it h o n w ill 19 s a id : th a t T h is $ 2 0 0 ,0 0 0 J u ly fr a n c h is e , g ra n te d e x ce p t 9 v o te d a u n d e r T o p e k a th e is E d is o n th e re it is a d iffe r e n c e 4 J | % — 30 J u n e a lo s s $ 2 1 2 ,7 1 9 V . 8 1 , p . 30 o f a n d to w it h fo u r R e a d iv id e n d a a t d iv id e n d p a id n e t e a r n in g s on y ea rs sh ares th ereon th e sh ow n fo r p r e fe r r e d th e R eport. — sh ow s 1 % o n la s t fo r p r e c e d in g th e p a g e . T h e r e p o r t fo r th e fis c a l an in c r e a s e in a cco u n t o f b a d g a in , 1 9 0 4 -0 5 & o f $ 5 ,0 0 0 ,0 0 0 , to a n d o f b y L a n d s a le s d e b ts. $ 2 7 0 ,7 2 3 , $ 2 0 7 ,8 7 1 C o. th e o f T h e co n tra sts fo r C o lo r a d o th e file d c a p ita l co m m o n a n d 1 9 0 3 -0 4 . sto ck sh a res J u ly (7 % a $ 2 ,fr o m c u m u la tiv e ) sto ck h a s 11 fr o m r a is e d b e in g O f th e n e w o u ts ta n d in g S p r in g s .— o n sto c k p r e fe r r e d $ 2 ,5 0 0 ,0 0 0 . th e o f c o r p o r a tio n a u th o r iz e d $ 2 ,5 0 0 ,0 0 0 5 0 % to ta l as C o lo r a d o $ 1 ,2 5 0 ,0 0 0 t o th e w h ic h it s fr o m o p e r a tin g S u g a r in c r e a s e o f ta k e n “ A n n u a l 8 44 . c e r tific a te a n d o f fo r th e y e a r S ta te s to on d e c la r e d 5 T £ % 1906 1 -6 T h is T h e h a s 1 9 0 6 , New Stock.— 5 0 0 ,0 0 0 co m p a n y , 1 , m a k in g to ta l o f m a n u fa c tu r in g U n it e d S ee 6 66 . w it h w ith T h is d iv id e n d s S ep t. a R eport. — C o .— p a g e . S t a te s G la s s C o .— e n d in g a n b e e n a m o u n t o ffe r e d to th e s t o c k h o ld e r s a t p a r , $ 1 0 0 p e r s h a r e , m a k in g a m o u n t c o m p a n jr n o w h a s o u ts ta n d in g “ n o b o n d s o r $ 1 ,8 7 5 ,0 0 0 o f e a ch c la s s . d e b t s .” The company was incorporated in Colorado in August 1905 and is build ing a beet-sugar factory with a capacity of 800 tons daily at Garden C ity , K an. It also owns in fee 33,000 acres of agricultural land, principally irri gated land, and controls three large ditches aggregating 110 miles in length. President, C. M. MacNeill; Secretary, O. H . Shoup; Treasurer, J. R . McKinnie. A separate com pany controlled in part b y the same interests owns a beet-sugar factory at Grand Junction, Colo. V en tu ra W illia m (C a l.) R . o ffe r e d fo r “ d a te d M a y 1906 1 a n d N o v . W a te r, S ta a ts b o n d s, s a le a 9 101 in L o s & L ig h t L o s s m a ll J u ly at 1 C o ., b lo c k 1 90 1, a n d P o w e r A n g e le s o f in te r e s t. A n g e le s . P a sa d e n a , fir s t M a y 1 B onds. — C o .— a n d th e d u e m o rtg a g e 1 92 1, In te re st A u th o r iz e d , $ 2 1 5 ,0 0 0 ; d e n o m in a t io n , $ 5 0 0 .” — W a te r C o. (M is s .) o f T h e r e c e n tly 6 % g o ld o p tio n a l a fte r p a y a b le M a y $ 2 5 0 ,0 0 0 ; 1 is s u e d , V . 8 1 , p . 7 86 . on S ep t. 153 d a te d a t a b o v e .— Ir r ig a tio n b o n d s, 1 W a te r -W o r k s V ic k s b u r g W a s h in g to n s ta n d in g in M a y 105 1 9 0 1 , a n d o f h a v e in te r e s t C o .— S e e V . 8 3 , p . C on su m ers 102. Called B onds. — C o .— n u m b e r, T r u s t C o ., tr u s te e , B o s t o n .— p r o p to fin a n re sp e ct d e t a il, a n d fo r sta — M essrs. n ow h a v e C e r t ifie d a p p ea rs b een P u b lic on p a g e e x a m in e d A cco u n ta n ts, 16 o f th e b y a n d J osep h o c c u p y in g A m e r ic a n w h ic h C o m p a n y m a d e to o ffic e r s a t th e o ffic e A ll th e a u th o r iz e d b e e n V . 7 0 , p . is a n d O rd er o f N a tio n a l a m u n ic ip a l, c a lle d o u t is s u e fo r o f p a y m e n t o f A m e r ic a n L o a n & 1 2 9 4 , 5 38 . v e ry e m p lo y e e s fo r P u b lic J . o f F . B a n k o ld tr a c tio n & S o n s ,[o f n ew b a n k in g B u ild in g o n e , a n d D ir e c t o r s , H A N S O N , m a k es o th e r P re sid e n t. in a I n d ia n a p o lis , a re ro o m s th a t s p e c ia lty h ig h -g r a d e in c ity . th e n ew T h e o f fir m , d e a lin g c o r p o r a tio n in se n ew fr o m R o ss B ro s. a n n o u n ce th e S tep h en & th a t M o n tg o m e ry , t h e ir G ir a r d C e r tifie d P h ila d e lp h ia B u ild in g to th e o ffic e L a n d B u ild in g . — M essrs. th e L y b ra n d , A cco u n ta n ts, re m o v e d T itle s u b m itte d , B o a rd E llio tt e le g a n t c u r itie s . h as th e T . th e ir p a m p h le t s e r v ic e . R e s p e c tfu lly B y th e M a n a ger th e t r a ffic . S e lls , is la s t T h e a n n u m , J u n e p . U n it e d y e a r p e r (2 J ^ % ) — M essrs. A c k n o w le d g m e n t th e fr o m New Enterprise. — C o .— e a ch , E n v e lo p e p a y in g 5 % e n d in g n ew c a p ita l re p o rt. fa it h fu l a n d o f $ 5 0 0 ,0 0 0 , 2 ,0 8 8 ,8 5 4 th a t 1 a h a n d s, p la n te d th e th e c e r t ific a t e a n d or S e p t. y e a r. a n d a n d o f on cla s s e s , 7 ,1 0 8 in c r e a s e r e s u lts o p e r a tio n H a s k in s e s ta b lis h e d tw e n ty -n in e to re p o rt a n d a cco u n ts o f th e ir th e b een V ic k s b u r g an c a lle d th e c o n d itio n t is t ic s trees w a s o p e r a tio n to a b e in g e m p lo y in g d u r in g is th e in th e U p p er a n d h a v e lin e la r g e e n te r p r is e a n n o u n ce d on “ T im e s ” K a n sa s 9 0 1 ), p r e c e d in g y e a r T h is p r o p e r t y , a s s t a t e d in t h e la s t 2 ,0 0 0 th e re a n d fr u it b e a r in g th e C o m p a n y ’s d e v e lo p m e n t C o m p a n y th e re $ •A t t e n t io n th is d a y , w h ic h , u n d e r re p r e s e n tin g jib 1 , 6 4 1 , 6 8 1 S p u r o f n o w th e ra te eq u a l y e a r. m ile s rea ch T h e C o m p a n y m in im u m rea ch es y e a r $ 6 ,5 0 6 ,8 8 0 , y e a r, is 103^ in A la b a m a . th e b ra n ch co m a ch a rg ed . S ta te s on M a rch p ro p e rty . th e o f S p u r, a 1 9 0 6 ), to b e e n le a s e d t o a n d n o o f M a n u fa c tu r e r s , Y o r k $ 1 0 0 s im ila r 8 4 4 , ra tes to h a s fr o m d u r in g p ro p e rty o p e r a t o r s , is t o v a lu a b le in d u s tr ie s , 1 E lle n a n d o u tp u t D u r in g th e co a l H e n ry co a l p er q u a lity , im p r o v e m e n ts re p o rt, E lle n C oa l T h e th e m ile a g e J u ly fo r th is p u r p o s e . r o y a lty 6 00 H e n ry $ 6 0 0 ,0 0 0 s ta n tia l s c a le . tra ct in a n n u a l C o u n ty , a n n u a l re p o rt, h a s p a st R E M A R K S . T u n n el th e p ro ce e d s b o n d s s o ld la s t C o m p a n y ’s S t. a n d th e lia b ilit ie s th a t d e s c r ip tio n C o u n c il. C ity c lo s e ly $ 1 ,2 5 0 ,0 0 0 ch a n g e th e o p e ra te d fr o m q u ir e d th e fr o m m ile s th e n o in d u r in g t h e la r g e p a id . G E N E R A L T h ere to e x is tin g sa y s It im p o r ta n t M akers of Pneumatic Tires E le c tr ic a l sh a res th e 8 1 , p o rts” T o t a l ______________________________________________________________ $717,000 00 y e a r h a v e b e e n sto ck . Directors: C. R . Maunsell (who represented the company in the negotia tions with the c ity ), W illard N . H all, J W . G oing, W arren M . Crosby W . W . Mills, E . L. Copeland, A . J. ’W ood , George H . W h itcom b , J. W . O’ Neill. n et Series “ A , ” dated July 1 1 903____________________________ ______ -.$ 1 8 9 ,0 0 0 00 Series “ B ,” dated July 1 1 9 0 4_____________________________________ 528,000 00 m ore r e c e n tly T ir e T h e ’N ew in c o r p o r a te d sto ck s to o d , S te a m s h ip a n d to $ 2 1 ,0 0 0 ,0 0 0 , co m m o n or w it h d r a w P n e u m a tic (K a n s a s ) co m p a n y , p a st S A V A N N A H . o f S ee w a s w o u ld d is b a n d . U n ite d $282,057 C o m p a n y . o u ts ta n d in g n u a l r e p o rt, th e O F “ C ity C o n tra ct “ C ity a d d itio n a l lig h te r s , B o n d s o f th e th e C O M P A N Y on e D is s o lv e d .— 1 .— I t Dividend Increased. O C E A N o f to fo r e s h a d o w s A d v e r tis e r ” T h e p r o p o s it io n 6 96 . A s s o c ia tio n fr a n c h is e $282,057 $ 5 ,0 0 0 ,0 0 0 C o m p r e m iu m s . D r. to a $ 1 6 ,0 0 0 ,0 0 0 a b s o r p tio n is c o n s id e r The Goodrich and the D iam ond Tire companies were allotted for their share of this year’s business 2 3 % each. The United States Rubber Co. has 3 3 % , but this includes the makes of the Hartford, Dunlop, Morgan & W right and G. & J. concerns. The other three members of the associa tion— the FIske, International and Goodyear— have 9 % for the Flske and 6 % each for the last tw o. A concern that exceeds Its allotted quota is required to pay Into the pool 4 0 % of this excess. E x p en ses a p T h e m o n th s w ere: New Stock. — A la .— to in c r e a s e “ M o n tg o m e ry p . A s s o c ia tio n a m o u n ts Balance, July 1 1 905_______________________________________ Twelve m onths’ approximated prem ium s________________ Collections from individuals and com panies_____________ Insurance collected account Macon Compress burned M ay 17 1 906_____________________________________________ Equipm ent burned__________________________________________ Sundry fire losses on freight and property_______________ Premiums paid, actual Insurance________________________ Balance, June 30 1 906_____________________________________ o f th e to Separate Sept. F . 1 fr o m c o n s is t th e p la n t ca r th e re fo re th e O p e r a tin g a n d steel B . $717,528 to S e p t. sto ck th a t T h e in F IR E IN S U R A N C E R E S E R V E . a sh a res p a n ie s . $93,110 fo r th e fir s t s e v e n G a d sd e n , m eet c a p ita l su p p osed a d d it io n s C r. $717,528 O n th e n ew C o ., w ill in c r e a s e is R E S E R V E — M A IN T E N A N C E OF E Q U IP M E N T . Balance, July 1 1905— D r. For appropriations_____________________________ $13,877 For retirement of Equipm ent Trust Obliga tio n s __________________________________________ 79,233 Charged to Operating' Expenses and Fire Insurance R e serve during the year to create a reserve for equip m ent destroyed, for new equipment acquired and for principal of equipment trust notes accrued____________ Proceeds of equipment sold_______________________________ Cash payments on equipment purchased under tru sts--$ 1 0 7 ,4 1 9 Payments on equipment constructed and purchased___ 103,953 Principal of equipment trust notes paid..... .......................... 379,233 Balance, June 30 1906— Unexpended on appropriations_______________ $5,191 For retirement of Equipment Trust Obliga tions ________ __________________________________ 121,733 126,924 M onthly R eport. — C h ic a g o .— a n d V . 8 3 , p . 2 7 6 , 4 1 . s h a r e h o ld e r s $ 1 ,0 87,207 C o ., J u ly 1906. 1905. In crea se. J u n e ................................................... $4,2 0 5 ,4 7 8 $3,0 6 2 ,8 3 5 $ 1 ,6 4 2 ,6 4 3 July --------3 ,2 2 9 ,1 7 2 2 ,1 5 6 ,8 1 3 1,07 2 ,3 6 9 1 9 ,4 6 7 ,4 4 2 8 ,2 8 6 ,9 2 8 Seven months ending July 3 1 __________ 2 7 ,7 5 4 ,3 7 0 C om p a re $ 1 ,0 8 7 ,2 0 7 & s a le s fo r J u n e a n d $781,281 305,926 [V O L . L X X X III re m o v a l b u ild in g B a t t le s , o f a t th e ir 131 H e y e & H a r r is o n , P h ila d e lp h ia S ou th F ifth o ffic e S treet. b a n k e rs, to th e ir a n n o u n ce h a n d so m e A ug. 5 Jhc Commercial Times. COMMERCIAL EPITOME. F r i d a y N i g h t , A u g . 17 1906. The condition of general business continues to be in the main favorable. The fall trade is opening to all appearances with a promise of large transactions, the crop prospects are on the whole satisfactory and prices, except for some farm products, of which there is a promise of an abundant yield, are well sustained. Speculation is for the most part in abeyance in the commercial markets. LARD on the spot has ruled quiet and steady. Chicago packers, it is stated, have turned away the arrivals at times in order to sustain prices. City is quoted at S.50c. and Western 8.75@8.S0e. Refined lard has been in light de mand and steady; refined Continent 9.25c., South America 10c. and Brazil in kegs 11c. The speculation in lard futures at the West has been active. For a time prices declined owing to the weakness of the grain markets, the dulness of the spot trade, selling b}' packers and liquidation, but of late the market has steadied, owing to covering of shorts and lighter offerings. D A IL Y C L O S IN G P R IC E S O F L A R D S a t. Septem ber delivery______8 .6 5 October delivery________ 8 .7 0 January delivery________ 7 .9 2 )3 385 THE CHRONICLE. 18 1906.] M on. 8 .7 5 S.80 7 .9 7 )3 FUTURES T u es. 8 .6 0 8 .6 5 7 .8 5 W ed . 8 .6 7 % 8 .7 5 7 .8 7 ) 3 IN C H IC A G O . T h u rs. 8 .7 0 8 .7 5 7 .9 0 F rl. 8 .6 7 )3 8 .7 2 )3 7.85 COTTON. F r i d a y N i g h t , A u g u s t 17 1906. THE MOVEMENT OF THE CROP as indicated by our telegrams from the South to-night is given below. For the week ending this evening the total receipts have reached 31,276 bales, against 24,669 bales last week and 34,017 bales the previous week, making the total receipts since the 1st of September 1905 7,784,468 bales, against 9,962,440 bales for the same period of 1904-05, showing a decrease since Sept. 1 1905 of 2,177,972 bales. S a t. R eceip ts at— M on. G a lv e sto n ----------Port Arthur, & c . New Orleans------M o b ile ___________ Pensacola, &c___ Savannah . ------Bru nswlck_______ Charleston___ . . Georgetown, & c . W ilm in g t o n ------W ashington, &c_ Norfolk - _______ N ’port New s, &c. 1 ,782 Boston.. ________ B a ltim o r e _______ P h ila d e lp h ia ___ "lO l T otals this w eek . 3 ,8 0 3 98 135 T u es. W ed . T h u rs. 904 ___ 5 ,1 3 8 2.451 2 ,8 4 4 241 65 369 55 485 169 ___ 723 2 ,1 5 7 1,434 3 11 10 1,425 445 154 71 19 386 2 ___ ___ 616 ___ 124 — 500 712 ----- 5 ___ 294 — 21 6 ___ 392 — 17 — — — 2 ,8 2 0 8 ,0 8 9 4 ,9 7 3 F r l. 3 ,744 48 780 24 T o ta l. 917 1 6 ,8 6 3 48 1 ,976 459 10 7 ,2 7 2 246 1 ,321 34 ___ ___ 183 350 367 — — ~‘ 5 216 — — 4 ,8 9 9 6 ,6 9 2 47 2 ,0 5 5 367 ~~ 142 216 500 3 1 ,2 7 6 PORK has been steady with trading quiet. Mess, old, The following shows the week’s total receipts, the total SIS 25@$1S 75; new, S19@,$19 50; clear S17@S18 75, fam ily $19@S19 50. Cut meats have been dull with prices since Sept. 1 1905, and the stocks to-night, compared with steady as a rule; pickled shoulders 8J^@83^c., pickled hams last year: 12^>@13c., pickled bellies, 14@10 lbs., ll@ 1 2 ^ c . Beef 1 9 0 5 -06 . 1 9 0 4 -0 5 . S to ck . has ruled steady with trade dull. Mess $8@$8 50, packet R ece ip ts to S9, family S10@S11 and extra India mess $15 50@$16 50. S in c e S e p T h is T h is S in c e S e p A u g . 17. w e ek . Tallow has been quiet and steady; City 5c. Stearines have 1 1905. w eek . 1 1904. 1906. 1905. been quiet and steady; oleo 10@103^c., lard lO J ^ c . But G alveston________ 16,8 6 3 2 ,5 6 4 ,8 7 0 2 1 ,601 2 ,8 1 9 ,2 0 8 2 6 ,4 6 3 6 7 ,0 5 8 ter has been firm and fairly active; Western extras 22@22J^c. Port Arthur, & c . 48 149,819 2 9 0 ,6 0 4 New 2 4 ,9 1 5 7 6 ,3 2 7 Cheese has been stronger,’.owing to light stocks; State factory MobileOrleans____ 1 ,976 1 ,6 4 5 ,3 6 7 1 1 ,7 5 3 2 ,6 6 8 ,8 3 1 459 2 4 8 ,5 3 6 847 3 2 0 ,5 5 6 _ . ______ 4 ,2 0 4 2 ,1 8 8 H M @ H ^ c . Eggs have been quiet but firmer; Western Pensacola, & c___ 10 175,837 4 ,9 4 7 2 1 0 ,0 1 8 7 ,2 7 2 1 ,5 0 3 ,8 5 1 Savannah . . . . 4 ,8 9 9 1 ,8 4 1 ,7 5 6 2 8 ,3 6 5 1 7 ,6 9 9 firsts 18J^@19c. B runsw ick_______ 1 8 4 ,548 2 0 0 ,8 5 3 685 3 ,6 2 3 OIL.—Cottonseed has been easier, owing to larger offer Charleston ______ 1,321 1 7 5 ,3 9 8 749 2 2 1 ,4 2 4 4 ,661 3 ,9 4 8 Georgetown, 1,278 902 ings; prime summer yellow 38@38J4c., prime winter yellow W ilm ington - & c . 3 2 5 ,7 5 8 47 659 3 7 4 ,5 7 3 421 2 ,0 4 7 43c. Linseed has been dull and firm. Crop prospects con W ashington, &c_ 122 6 ,8 8 9 1 3 ,7 4 6 tinue favorable but crushers show no disposition to shade N orfolk___________ 2 055 6 3 9 ,9 9 2 3 ,708 7 8 8 ,6 3 2 367 2 3 ,2 1 8 27,4 8 1 57 prices; City, raw, American seed, 38@39c.; boiled 39@40c.; N ew p ’rtN ew s,& c. New Y o rk _______ 6 ,575 25 3 3 ,7 4 2 8 6 ,9 5 7 1 4 4 ,0 7 5 142 6 3 ,8 0 0 449 Calcutta seed, raw, 68c. Lard has been quiet and steady B o s to n ___________ 8 1 ,6 3 0 2 ,8 6 0 3 ,1 5 2 B altim ore____ __ 216 6 5 ,3 2 9 524 6 2 ,3 7 2 3 ,1 8 5 759 with the movement light; prime 69@70c. Olive has been P h ila d e lp h ia ____ 500 10 292 1 3 ,7 3 6 2 ,097 ,2083 quiet and steadjq yellow 54@56c., green 58@60c. CocoaT o ta l___________ 3 1 ,2 7 6 7 ,7 8 4 ,4 6 8 5 0 ,2 1 8 9 ,9 6 2 ,4 4 0 1 9 1 ,702 3 3 6 ,7 0 5 nut has been quiet and steady; Ceylon 7J^c., Cochin 8 Sj^gc. Peanut has been quiet and steady; white 55@65c. Cod has been dull and steady; domestic 35@36c., New In order that comparison may be made with other years, foundland 38@40c. we give below the totals at leading ports for six seasons: COFFEE on the spot has been quiet and steady; Rio No. 7, 8%@8J^c.; Santos No. 4, 9^@9^2C. West India R ece ip ts at 1906. 1905. 1904. 1903. 1902. 1901. growths have been firm with a good demand; fair to good G alveston, &c 16,911 21,601 8 ,7 0 3 172 1 6 ,605 8 ,2 3 2 Cueuta 93^@9%c. The market for future contracts has New Orleans. 1 ,976 1 1 ,7 5 3 600 1,433 2 ,6 6 4 5 ,1 4 6 11 been less active with some irregularity in prices. Liberal re M o b ile _______ 459 847 194 20 Savannah 7 ,2 7 2 4 ,899 1 ,2 5 0 72 2 ,409 1 ,2 5 6 ceipts at the Brazilian ports, liquidation, foreign selling Charles’ n, ___ &c. 1,321 749 1 ,003 6 784 12 and selling by roasters has caused depression at times but W llm ln g ’n,&c. 659 43 47 28 190 143 N o r fo lk ______ 3,708 787 161 2 ,055 1,067 1 ,468 of late the tone has been firm owing to buying by foreign N ’ port N ., &c. 57 367 294 418 and Wall Street interests, lighter offerings and covering of A ll others____ 5 ,9 4 5 868 800 688 261 1 ,0 0 4 shorts. T otal this w k . 3 1 ,276 5 0 ,2 1 8 1 4 ,030 2,021 2 4 ,6 9 2 1 7 ,2 8 1 The closing prices were as follows: A u g u s t __________ S e p te m b e r ______ O ctober__________ N o v e m b e r............ 6 .9 5 c .! D e c e m b e r_______ 6 .9 5 c . i January__________ 7 .0 0 c . i February________ 7 .0 5 c . ] M a r c h ___________ 7 .1 5 c . 7 .2 5 c . 7 .3 0 c . 7 .3oc. A p r i l _____________ M a y ....................... June______________ July _____________ 7 .4 0 c . 7.4 5 c. 7 .5 0 c . 7.5 5 c. SLGAR.—R.aw has ruled firm. Trading has been less active of late, buyers holding aloof for lower prices, but sell ers have remained firm in their views. Centrifugal, 96 de grees test, 3J^c.; muscovado, 89-degrees test, 3 ^ c.; mo lasses, 89-degrees test, 3 l-16@33^c. Refined has been firm with good withdrawal orders, though new business has been less active; granulated 4.80c. Spices have been firm with an increased trade. Teas have been firm and fairly active. Hops have been firm with a good inquiry but the high prices asked checks business. Wool has been firm. TOBACCO has been quiet and firm. Less interest has been manifested in the new cigar-leaf crop but renewed ac tivity is expected in the near future when Western buyers arrive. Reports in regard to the crop continue favorable in the main and cutting is expected to commence in ten days to two weeks. _ Havana has been quiet and firm. _ PETROLEUM has been active and generally firm with supplies of high grade light. Heavy production in Illinois is believed to have caused the reecnt reduction in low grades. Refined, barrels, 7.60c.; bulk 4.50c.; cases 10.10c. Naphtha has been active and steady; 73@76 degrees, 17c. in 100-gallon 'line lias been firm; 89 degrees, 20c. in 100 Ion drums. Spirits of turpentine has been easier at 62@63e. itosin has been steady at 84 10@$4 15 for common to good strained. * been steady and fairly active; lake 18^s@ ias -■ i.r' ’ electrolytic 18.40@18.45e. Lead quiet at 5 %c. spelter has been quiet and steady at 6 .0 5 ( © 6 .1 0 c . Tin stronger at 41%@41!/£c. for Straits. Iron has been active and higher; No. 1 Northern 8 1 9 2 5 @ $ 1 9 75, No. 2 South ern $ 1 8 5 0 @ $ 1 9 . Since Sept. 1_ 7 ,7 8 4 ,4 6 8 9 ,9 6 2 ,4 4 0 7 ,1 3 7 ,2 9 6 7 ,6 3 9 ,4 6 2 7 ,4 8 8 ,6 3 6 7 .5 5 2 ,6 4 7 The exports for the week ending this evening reach a total of 30,971 bales,of which 12,572were to Great Britain, 2,659 to France and 15,740 to the rest of the Continent. Below are the exports for the week and since Sept. 1 1905: W eek ending A u g. 17 1906. Exported to— Exports from— Galveston____ Pt. Arthur, &c. New Orleans.. M obile_______ Pensacola____ Savannah ____ Brunswick____ Charleston____ Wilmington___ Norfolk ____ Newport News New York____ Boston ____ Baltimore____ Philadelphia no, Me San Francisco. Seattle ______ T acom a______ Portland, Ore. Pem bina____ Detroit______ T o ta l............ Great 1ContiBritain. F r'n ce nenl. Great B ritain. F ra n ce. 3,240 2,467 4,174 2,063 3,780 l’ioi Total From Sept. 1 1905 to A u g. 17 1906. Exported to— "596 200 50 97 5,707 1,025,076287,572 46,875 .......... 8,056 749,944 248,814 55,939 40,796 80,844 39,993 6",238 ib.ols 202,062 73,498 108,068! .. 5,500 .......... 139,595 5,225 14,738 9,000 6,792 _____ 5,680 170,864 26,226 3", 280 114 314 135,933 _____ 849 899 83,892 13,974 200 297 35.403 _____ 1,880 .......... 1,819 .......... .......... .......... .......... .............. ::::: .......... 8,834; .......... C onti nent. | Total. 772,107 2,084,755 66,200- 113,075 556,073 1,554,831 43,2191 139,954 53,339 174,176 681,236' 950,796 40,483! 148,551 4,400 9,900 175,263 320,083 3,377 27,115 225 7,017 300 ,5441 503.634 10,714 .146.047 56,882! 154,748 4,065 39.468 .............. 1 1,880 38,292 38,292 52,108 52,108 12,032i 12,032 4.849 4,849 4,959: 4,959 .............. 8.834 12,572 2,659 15,740 30.971 2.878,230 745,098 2,880,3070,503.704 Total 1904-05. 44,529 11,858 19,096 75,483 4,057,971 850.000 .3,704,341 8.018,912 In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York. THE CHRONICLE. 386 FUTURES.— High, low and closing prices at New York: On S h ipb oard , Mol Cleared fo r — Great A u g . 17 at— B ritain . F ran ce. New Orleans.. G a lv eston ____ Savannah. Charleston __ Mobile . . . . Norfolk _______ New York _. Other ports_ _ 386 2,631 1,000 600 300 Total 1906 4,917 Total 1905. _ 30,857 Total 1904, _ 3.399 G er m any. 1,334 8,168 Other F oreign 4 ,4 14 342 1,000 C oast w ise, 200 300 700 — 9,702 9,266 350 6,756 22,570 3,278 7,567 11,488 1 ,968 36,572 87,283 11.447 The speculation in cotton for future delivery has been active at a further decline in prices. Further heavy liqui dation has taken place, partly on stop-loss orders; bears have attacked the market aggressively and support has been lack ing. The weather has in the main been favorable, and the belief is quite general that the crop is doing about as well as could be desired and that the prospects for a large yield are favorable. The former bull leader has sold heavily of late and so have prominent spot interests. The South has been a large seller, and has been offering spot cotton freely for September and October delivery, a fact which has given not a little encouragement to the advocates of lower prices. Moreover, the receipts of new cotton have been on a rela tively large scale. Not only has the new crop been received in considerable volume at Texas distributing markets, but it is also appearing in Alabama, Louisiana, Georgia and Mississippi, and a considerable increase in the movement is expected in the near future. The Liverpool market has been weak and the spot sales there have continued small, while the spot markets at the South have been quiet. All this has naturally brought about a very bearish sentiment, and the tendency is now to overdo the short side of the market. Covering of shorts and buying for a temporary advance has caused slight upward reactions at times, but the market has shown little rallying power. To-day the market again de clined sharply, owing to disappointing Liverpool advices, favorable weather and crop reports, and general selling. A local statistician stated the condition of the crop as of Aug. 16 at 82%, against 82.7 on July 31, 83.5 on July 16, 73.3 on Aug. 16 last year and 85.3 on the same date in 1904. It was reported that large sales out of the local stock had been made to New England spinners. Spot cotton has declined 40 points during the week. Middling sold at 10.20c. The rates on and off middling, as established Nov. 18 1903 and reaffirmed Nov. 15 1905 by the Revision Committee, at which grades other than middling may be delivered on contract, are as follow’s: F air-------------- c . 1.30 on Strict low mid__c. 0.14 off Strict mid. fair__ 1.13 on Fully low mid___ 0.26 off Middling fair____ 0.96 on Low middling___ 0.38 off Barely mid. fair.. 0.79 on Barely low mid___ 0.55 off Strict good mid__ 0.62 on Strict good ord___ 0.72 off Fully good mid__ 0.53 on Fully good ord___ 0.86 off Good middling__ 0.44 on Good ordinary___ 1.00 off Barely good m id.. 0.33 on Strict g'd mid.tgd. 0.30 on Strict middling__ 0.22 on Good mid. tinged. Even Middling.......... . Basis | Strict mid. tinged- 0.06 off Middling tinged-c. 0.12 off Strict low mid. ting 0.34 off Low mid. tinged-. 0.50 off Strict g'd ord. ting 0.84 off Fully mid. stained 0.42 off Middling stained. _ 0.50 off Barely mid. stained 0.78 off Strict low m. stain 1.06 off Fully 1 m. stained 1.28 ofl . Low mid. stained. 1.50 off On this basis the official prices for a few of the grades for the past week would be as follows: Sat. Mon. Tues. W ed. Thurs. Fri. Good Ordinary _____ ____ Low Middling____________ M iddlin g________ _____ Good Middling. _______ Middling F a ir.. . . ____ 9.60 10.22 10.60 11.04 11.56 9.60 10.22 10.60 11.04 11.56 9.40 10.02 10.40 10.84 11.36 9.30 9.92 10.30 10.74 11.26 9.30 9.92 10.30 10.74 11.26 9.20 9.82 10.20 10.64 11.16 GULF. Good O rd in a ry _ __ . . _ Low Middling. . . _ _ Middling _ . ______ Good Middling_ _ . .. Middling Fair . . . .. 9.85 10.47 10.85 11.29 11.81 9.85 10.47 10.85 11.29 11.81 9.65 10.27 10.65 11.09 11.61 9.55 10.17 10.55 10.99 11.51 9.55 10.17 10.55 10.99 11.51 9.45 10.07 10.45 10.89 11.41 STAINED. Low M iddling.. . . . . Middling ...... Strict Low Mid. Tinged_ _ Good Middling Tinged____ 9.10 10.10 10.26 10.60 9.10 10.10 10.26 10.60 8.90 9.90 10.06 10.40 8.80 9.80 9.96 10.30 8.80 9.80 9.96 10.30 8.70 9.70 9.86 10.20 UPLANDS. The quotations for middling -upland at New York on Aug. 17 for each of the past 32 years have been as follows: 1906.C.-10.20 1 9 0 5 --- .10.60 .10.55 19041903. .12.75 . 9 1902. . 8 1901.10 1900. . 6 3-16 1899_ 1 8 9 8 -C -. 5 % 1 8 9 7 _______ 8 1 8 9 6 _______ 1 8 9 5 _______ 1 8 9 4 _______ 1 8 9 3 _______ 1 8 9 2 _______ 1 8 9 1 _______ 8 7 7 7 7 7 1890.c_.12 1-16 1889____11% 1888____11% 1887____9 % 1886____9 % 7-16 1885___ 10 7-16 3-16 1884____10% 15-16 1883____10 3-16 3-16 1882-C-.13 1-16 1881____12% 1880____11% 1879____11% 1878____12 1877____11 % 1876____12% 1875____14% MARKET AND SALES. The total sales of cotton on the spot each day during the week are indicated in the following statement. For the convenience of the reader we also add columns which show at a glance how the market for spot and futures closed on same days. S pot M a rk et Closed. Saturday___ M onday_ _ T u e s d a y ____ W ednesday.. T h u rsd ay _ _ Friday _____ T o t a l ____ F u tu res M a rk et Closed. Steady _______ __ Quiet Quiet, 20 pts. dec. Steady, 10 pts.dec Steady ________ Steady, 10 pts-dec S tea d y ._ _ _ Very steady. Steady______ Barely steady Very steady. Barely steady S a les o f S p ot and C ontract. C on E x p o r t sum 'n. — 30 — "455 300 300 — 1,085 C on tract. T otal ‘ 30 900 ©1 C l o © | r -t C l © | T C O @| In C O *1 O< N -r cj a ci (§; j rl C O 05 1 *1 CJ 05 0 C 5 ) TC TC J O Ci w * © | ©| C C cJc1 S| cs cs O O 5 5 coco C C 155,130 249,422 68,175 C , i l'- I 05 ® 1 CC 5O ’i o c; 4 C C C i J k c £ 12,461 13,722 25,865 4,561 4,056 1,560 84,857 8,048 7,630 13,102 2,452 1 ,000 200 — 12,454 12,741 2,500 100 148 5,329 2,100 1,200 fl- 1 C i © 1 05 I O S o I 1 1 ^ 03 cj I- l.eavin o stock. T otal. 253 1,300 500 100 148 5,329 6,067 300 [V O L . L X X X I I I . ©1 T114 —— CC ] J 0505 © | ©| © 1 T Is * Ji C C CC C C O J OO O O C 0 0 05 0505 55 5 *5 | T 1 w . C J @ 1 cs cs cc 1 mo r-tci a cs . 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C h X uz J In X X X 05 C 05 0 5 5 k’ t < >— © ! @1 11 T n . ^fv |C S @| in 0 5 CC OO 05 0 5 © | !—r i •— O in 0 0 5 5 11 1 I 1 1 ©1 @| —O XX CC SS 11 | C iO 5 O C |C CO S 11 @ 1 —C l fn TCC S5 C O C In C ©| © 1 ®| © | T 1 C O T l'O C C iT T O C C O O OO CC CC CO 5 5 5 5 5S 1 05 I 1 11 11 —— T X — t 1 icO coC O t O B O In C X fn X In C C O SO 05 05 05 05 05C C O O C S SS S5 T C C C C ^ C 05 O J J JJ S C C in OO O 5 5000 OC S C 0 05 0 rn m C 05 S5 5 ©! © ! © | @1 CC OO OO 05 05 11 1 1 11 In BO N 1 1 j c> -SC © | TT OC O C0 S5 © | @| C r-t T ^ iOi.O T CC C 5 5 5 5C 1 © ! Ci T 1C S o ini'05 0 5 I° 1 1 1 I ©1 I t o -r. -. |L InJ O O a a a 05 L | O © | C 5 11 * ' C f f c o ' @1 ©| ©| ©| ©j CO FC O - O 05O C O CO T TT l l l C OO O O C O C 05 05 C 0 05 C C 5 5 5 5 5 j0 5 1 C C J i-t n 5 NO OO 1C T O f C C C CC 5 5 5 55 SC i » £ s O 1 C 1 T -i C cc J l O col O o 05 0 0505 5 J io v: C O OT CO C C 05 0 S5 5 © | o 1 Ci cc O ® | ® | InC C -O C X O lOc O T CT O CC 5 5 O aa S © | © | © | ©| ©| cj cc lot MO CO J T T nCl C T T T Ti-O -< -1 O a cs C 05 OC5 05 O 55® 5 S ! 00 OO q 1 i-* coc C Ca S 5> 1 05 > 1 O O •a CSCS v CSCS ^ __ o ^ I ce o ___ C O O O ©: 05C 5 bt £ I= O H zlSlp bl 'Z b£~ > be- | be~ . , a 'S a w . 3n jnS _ , IfiO iJ fio ifiO g fio J ; y V y n* O “< “< C cej: f-n> .2 g O O <% D fc *< ncfiH ©l I Bj o a I a C n. O £ Q k i C 3 C S & H O ©1 1 1 ! 1 OO _ b o O be Sf bea: boil boS J Z 2O I0 0 j S “ ■ C m 1 0 3 I« > s e I ccO I ■ Io $2^0 ^ THE VISIBLE SUPPLY OF COTTON to-night, as made up by cable and telegraph, is as follows. Foreign stocks, as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday evening. But to make the total the complete figures for to-night 3f exports from the United States. of Friday only. A u g u st 17— 1906. Stock at L iv e rp o o l_______ bales. . 463,000 Stock at L o n d o n ___________ 16,000 Stock at M anchester_______ 49,000 1905. 730,000 18,000 50,000 1904. 281,000 28,000 20,000 1903. 290,000 18,000 31,000 Total Great Britain stock_____ Stock at Hamburg_________ Stock at B rem en___________ Stock at A n tw e rp _________ Stock at H avre.____________ Stock at Marseilles_________ Stock at B arcelona________ Stock at Genoa_____________ Stock at T rieste____________ 74 000 4,000 10,000 26,000 6,000 798,000 14,000 211,000 1,000 S3,000 3,000 18,000 9,000 3,000 329,000 43,000 80,000 4,000 88,000 4,000 23,000 10,000 18,000 339,000 34,000 84,000 4,000 79,000 3,000 11,000 19,000 12,000 246,000 342,000 270,000 ‘ 246,000 774,000 1,140,000 74,000 138,000 95,689 196,000 16,000 23,000 34,000 52,000 667,000 673,000 191,702 336,705 117,S72 126,254 1,761 15,900 599,000 61,000 18,000 13,000 65,000 361,000 79,622 60,093 1,064 585,000 98,000 24,000 13,000 5,000 436,000 180,887 13,173 1,523 Total Continental stocks______ Total European stocks________ India cotton afloat for Europe_ _ American cotton afloat for Europe: Egypt, Brazil, &c., afloat for E ’pe: Stock In Alexandria, E g y p t_____ Stock in Bombay, In d ia ________ Stock in U. S. ports_____________ Stock in U. S. interior to w n s____ U. S. exports to-day____________ 528,000 19,000 107,000 Total visible supply___________.1,972,024 2,700,859 1,257,779 1,356,583 Of the above, totals of American and other descriptions are as follows: A m erica n —Liverpool s to c k ___________bales. 356 ,000 653,000 1S1.000 19S.000 Mancbester s to c k _______________ 43,000 43,000 15,000 28,000 Continental stock_______________ 187,000 306,000 157 000 163,000 American afloat for Europe. . 95, 89 196,000 18,000 24,000 U. S. port stocks....... .......... .. 191,702 3*16,705 79,622 ISO,887 U. S. interior stocks_____________ 117,872 117,S72 126,254 60.093 13,173 U. S. exports to-day________ 1,761 15,900 1.064 1,523 Total American_______________ E as' In d ia n , B ra zil, & c .— Liverpool stock_____________ London s to c k ______________ Manchester stock___________ Continental stock_______________ India afloat for Europe_____ Egypt, Brazil, & c., afloat_______ Stock in Alexandria, E gypt_____ Stock in Bombay, India________ 993,024 1,676,859 511,779 60S.5S3 107,000 16,000 6,000 59,000 74,000 16 ,000 16,000 34,000 667,000 100,000 28.000 5,000 113,000 61,000 13,000 65,000 361,000 92,000 18,000 3,000 S3,000 9S.000 13,000 5,000 436,000 Total East India, &c_________ Total A m erican ________________ 979,000 1,024,000 993,624 1,676,859. 746,000 511.779 748,000 60S ,5S3 77,000 IS ,000 7,000 36,000 138,000 23,000 52,000 673.000 Total visible supply__________ 1,972.024 , ,700,859 :1,257.779 1,356,583 2 Middling Upland, Liverpool_____ 5.51d. 5.80d. 6.12d. 6.70d. Middling Upland, New Y ork____ 10.20c. 12.75c. 10.75c. 10.65c. Egypt, Good Brown, Liverpool. _ 11 %d. 8 %d. 7 15-16d. 9 15-16d. Peruvian. Rough Good, Liverpool 9d. 8.65d. 9 .God. 10.50d. Broach, Fine, Liverpool________ 5 7-16d. 5 9-16d. 5 ll-16d . 5% d. Tinnevelly, Good, Liverpool_____ 5% d. 5% d. 5 5-16d. 5 7-16d. Continental imports past week have been 50,000 bales. The above figures for 1906 show a decrease from last week "455 "200 500 300 of 136,155 bales, a loss of 728,835 bales from 1905 and an excess of 714,245 bales over 1904 and a gain of 015,441 1,100 -2,185 bales over 1903. "900 1 A T T H E IN T E R IO R TO W NS the m ovem ent— that is, the receipts for the week and since Sept. 1, the shipments for the week and the stocks to-night, and the same items for the corresponding period for the previous year— is set out in detail below. T • ? I -'a O O M C O N ^ M O O ^ O T T N N O ^ O N O O O a O O O N M O ■ g S • |?cacc»c\4»-.cM300^ri oc'<tr-«Tro'<root'-’-‘ iO'<roTrT}'Oco*-<o I .h ; cvj-< o *-*»-*t>.»-<i-«eo n n r-.c\j n* ^ I h h ~ ** -1 1.C^CCvidNaOrJOOO ■ © ■ CO©OCM © aO ?0©iO©CM ©r'iflOrtOMCCS ' © C lOtt'-ioOMMiOflOOr-iOai M - t ^ C 'i c v j c a r C J N J T T C v i r - * ^ ^ 1 00 S') •*h ©> oO t oO -< >COO ir- o IC i— M« oo co g fe oooccc^coooacrTrTrccMoC'-'CSL'jaooh'-'coooiowTr'^OMSvn 'iCN'^t'O-HCiCOCrt^OOCrOCCOM^COCWOM-H.'OCTTNOiOOO CO^JJOCSfC^C50C^oCOOC5wr-rraor^OTr^r-rroO«C>aOOiOOa50^r-.«D , OOOOCOOe\JoCCD«aC— 't^O«OOiT5>- o^TTcooOTr^oocc^tocr^ooc^r^ .C oO -.cO Ms rH O 5Cn »00 I C C M 5- C C C M r^ OObOf I> 5«O T »- C cr-«-H C C M M C C C 5 vjC t^ r» -H J M N h -<Tf CM Hr h —■OO © —< CM o C l '- ~ I'------ - X N M ’>C O Ih c C h TT cm O oC tt cm ^ O CS N rH • o C M oO T f O 1t - C& 05 ao T H 05 00 r-H C M ao © t o tj c o cm cm t h cm cm cm CSOCh ONO-OOOOOO _ 5 „ > MOiO -r .-^C^t'OO'TCO 0n ; — - 0~ C C «“ C csc if?C 5 OM M m ■SK& jl “ •*S 50 v T ! —•1 . «o 1 -t iT-< CO CM R a n g e -----------C lo s i n g ------------ os © © if5 C 1r5 iO O O C C C 'C O C rH M M 5 O —< 1 Tj-rH r - CM 0 5 ITT C 5 w t '* '^ ? C 'J i 0 ^ r * —>CMr— c O O w O O ,-Ht>» O ^ J ' C M C 5 0 0 0 r > c O » f 5 c O c O C M O O C M —' O < » i —tHt^C5l^CM«C'tTL0C505^c0C5OO00OC5r^OC5l^OOOOOTT05t^O‘^ ■—« o c o io oqr» © 1 > .o o q o n o o q q q c o c o c q - 0 5 0 ^ o C ’^ r r ^ c o c c c M C M T } < r * C 5 C M r ^ i o r " 0 5 0 5 ' ^ o c M O o O T r o ; TT LO LO ^0 C « O O N O t O O O r i O i - '0 5 i - i H H » n O O CO rH o t- I tH T-l ___ c~ © © © _ © « - * o o cm © h CM IC C © oo© rpr- o 5M I cT *-t -co OH m f to I U Lr C 0 M 5 0 0 H 0 N r -C M N 0 iflr :© 0 0 c oc © m r-.CM tH - 'C io-o>Lor'-r~'0 - '-< 0M ,i0 TH rH w ' t”- i CM O CM C M o ►» ct3 & > .G* ” <3~ * u i § — . 3 j*ci S = B P O o J ,+a - - Uo S3 O J 3 ": c c**-pt'pp o g * *>42 £ u __ s3 t: o p - £ c a 2 «3*3 : 3 » i2 : 2 T3 O'Pr B O - -S' ^s a g | 0 S f0l N 5 S -ta S js «j| b o l ■ 23 Sj2s Ofl- = g gi: “ • § " ' s t g g-g g ’g S « i-g g i;S m The above totals show that the interior stocks have de during the week 5,878 bales, and are to-night 8,382 bales less than at the same period last year. The receipts at all the towns have been 2,596 bales less than the same week last year. creased O V E R L A N D M OVEM ENT F O R T H E W E E K AN D SINCE SEPT. 1.— W e give below a statement showing the overland m ovem ent for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week and since Sept. 1 in the last two years are as follows: — — 1913 4 - 0 5 -------- ------ - 1 9 0 5 - 0 6 -------- August 1 7 . Shipped— Week. Since Sept. 1. Week. Since Sept. 1. S t . L o u i s . . . . _______________ . 4 ,7 2 6 C a ir o _________ ______ 311 R o c k I s l a n d ___________________ L o u i s v i l l e __________________ . 304 C in c i n n a t i ___ _____________ 384 o t h e r r o u t e s , & c . ____________ . 1 ,0 8 7 5 0 0 ,5 2 4 2 0 2 1 40 44 9 1 1 1 0 2 ,9 2 5 5 8 ,6 2 6 2 7 2 ,6 9 5 5 ,9 2 3 630 50 530 275 798 6 5 8 ,1 9 8 3 3 2 ,9 2 4 5 3 ,1 6 1 1 0 3 ,6 3 1 6 0 ,8 2 5 3 5 5 ,2 4 3 T o t a l g r o s s o v e r l a n d _______ __ _ 6 ,8 1 2 1 1 8 1 ,8 2 1 8 ,1 0 6 1 ,5 6 3 ,9 7 3 998 68 1 ,2 4 4 1 0 1 ,4 3 0 3 6 ,7 2 4 6 2 ,0 3 4 Deduct shipments— O v e r la n d t o N . Y . , B o s t o n , & c B e t w e e n i n t e r io r t o w n s __________ I n l a n d . & c . , f r o m S o u t h _________ . 1 ,4 6 0 1 4 5 ,9 9 6 1 9 ,5 8 1 7 7 ,9 1 4 T o t a l t o b e d e d u c t e d _________ . 2 ,3 1 8 2 4 3 ,4 9 1 2 ,3 1 0 2 9 0 ,2 3 8 L e a v i n g t o t a l n e t o v e r l a n d . a ______ . 4 ,4 9 4 9 3 8 ,3 3 0 5 ,7 9 6 1 ,2 7 3 ,7 4 4 858 a I n c l u d i n g m o v e m e n t b y r a il t o C a n a d a . The foregoing shows the week’s net overland movement has been 4,494 bales, against 5,796 bales for the week last year, and that for the season to date the aggregate net over land exhibits a decrease from a year ago o f 335,414 bales. In Sight and Spinners' Takings. ---------- 19 0 5 - 0 6 ----------- ---------- 1 9' 0 4 - 0 5 ---------- Since Sept. 1. Week. R e c e i p t s a t p o r t s t o A u g . 1 7 ________3 1 ,2,26 6 31 7 7 N e t o v e r la n d t o A u g . 1 7 _ _ _________ 4 ,4 9 4 S o u t h e r n c o n s u m p t i o n t o A u g . 1 7 . 4 e ,0 0 0 Since Sept. 1. 7 ,7 8 4 4 6 8 9 3 8 ,3 3 0 2 ,2 6 3 ,0 0 0 5 0 .2 1 8 5 ,7 9 6 4 4 ,0 0 0 9 ,9 6 2 ,4 4 0 1 ,2 7 3 ,7 4 4 2 ,1 5 2 ,0 0 0 8 1 ,7 7 0 I n t e r i o r s t o c k s In e x c e s s . ...................... a 5 ,8 7 8 o 1 0 ,9 8 5 ,7 9 8 6 1 7 ,3 0 5 1 0 0 ,0 1 4 « 3 ,6 4 7 1 3 ,3 8 8 ,1 8 4 6 4 ,6 1 4 C a m e In to s ig h t d u r in g w e e k _____ 7 5 ,8 9 2 T o t a l In s ig h t A u g . 1 7 . . 1 0 ,9 6 8 ,4 9 3 N o r t h , s p in 's t a k in g s t o A u g . 1 7 ___ 1 9 ,8,83 3 19 4 4 2 ,3 5 5 ,3 4 0 a D e c r e a s e d u r in g w e e k . Week. 9 6 ,3 6 7 1 3 ,4 5 2 ,7 9 8 7 .9 3 4 2 ,3 5 7 ,5 2 3 b L ess th a n S e p t. 1 . Movement into sight in previous years: — 122, } 99?1901— A ug. ^ UsrA ug. A ug. Monday. Tuesday. Wcd'day. Thursd’y. Friday. 10H 10 5 -1 6 9 H 10 3 -1 6 10 3 -1 6 10 5 -1 6 9% 10% 10 10 9 10 10 % 1 0 .6 0 io % ib % 1 0 .6 0 10 'A 1 0 .8 5 10 % 1 0 .6 0 10% 1 0 .8 5 10 % 10% 10% 10 % 10% 10% 10% 10 % 10% 3 -1 6 5 -1 6 % 1 -1 6 10% 1 0 .6 5 1 0 % -% 10% 10 % 1 0 ,4 104 10 3 -1 6 10 % 10 1 -1 6 10 3 -1 6 10 10 3 -1 6 0% 10 1 -1 6 104 1 0 .4 0 104 1 0 .5 5 10 4 10 4 104 10 104 9 1 3 -1 6 io " 1 0 .3 0 10 4 1 0 .5 5 10 4 10 4 10 1 -1 6 10 104 9 1 1 -1 6 104 1 0 .3 0 10« 1 0 .4 5 104 10 4 10 4 10 104 Sat'day. Monday, Tuesday, Wed'day, Thursd'y, Friday, Aug. 1 1 . Aug. 1 3 . Aug. 1 4 . Aug. 1 5 . Aug. 1 6 . Aug. 17. 9 .9 1 - .0 2 9 .9 9 - .0 1 9 .9 8 - . 9 9 1 0 .0 1 — 9 .9 8 - .0 0 9 .9 7 — 9 .8 8 - .9 2 9 .8 8 — 9 .8 1 - .8 5 — ® 9 .9 0 — 9 .5 0 9 .8 2 — 9 .8 1 - .8 2 9 .7 0 - .7 8 — @ — 9 .7 7 - .7 9 9 .7 5 - .7 7 9 .5 8 - .6 6 9 .5 7 - .5 9 9 .4 3 - .5 1 9 .5 0 - .5 1 9 .4 0 — 9 .2 7 - .2 9 9 .6 8 - .7 5 9 .6 9 - .7 0 9 .5 7 - .6 7 9 .6 6 - .6 7 9 .6 2 - .7 0 9 .6 4 - .6 5 9 .4 8 - .5 6 9 .4 9 - .5 0 9 .3 7 - .5 0 9 .4 3 - .4 4 9 .2 1 - .4 1 9 .2 1 - .2 2 9 .7 0 - .7 7 9 .7 2 - .7 3 9 .5 9 - .7 0 9 .6 8 - .6 9 9 .6 4 - .7 2 9 .6 7 - .6 8 9 .5 0 - .5 9 9 .5 1 - .5 2 9 .3 8 - .5 3 9 .4 5 - .4 6 9 .2 2 - .4 3 9 .2 3 - .2 4 9 .7 8 - .8 3 9 .8 0 - .8 1 9 .6 7 - .7 6 9 .7 5 - .7 6 9 .7 2 - .7 9 9 .7 4 - .7 6 9 .5 7 - .6 7 9 .5 7 - .5 8 9 .4 5 - .5 9 9 .5 2 - .5 3 9 .2 7 - .5 0 9 .2 8 - .2 9 Q u ie t . S te a d y . S te a d y . S te a d y . F ir m . S te a d y . E asy. S te a d y . — — September— | j t'— Sat'dag. August— C “ Q V ia V ia V ia V ia V ia V ia G a l v e s t o n --------N e w O r le a n s . . M o b l l o __________ S a v a n n a h --------C h a r l e s t o n ---------W i l m i n g t o n ------N o r f o l k _________ B o s t o n . ----------B a l t i m o r e ______ P h ila d e lp h ia — A u g u s t a -------------M e m p h i s _______ S t . L o u i s _______ H o u s t o n ______ L i t t l e R o c k ------- © • H M N© C© r! - Co o « ,:? oM L© '©: O > -r5 H ©T ©j ' oi 0 C ' - e’o -C O p -O M C 0 t ^ i ! 5 ' , r c 2 O ' T n f : O - - - ■ ' N •N M^'h-^ncjMMsOiOM^'HCCcJrHC^aOHCOCOrH'q'COOOOO .- . . - . . .- .- . . --. — tfSiH^HOCOPjCI r H 0 lO tT 0 T H ^ Closing Quotations tor Middling Cotton on Week, ending August 1 7 . NEW O R LE A N S O PTIO N M A R K E T .— The highest, lowest and closing quotations for leading options in the New Orleans cotton market for the p a s t week have been as follows; r- I C O '- i C O r t c C ^ ^ M C . 't O 'T O 'T O '- i C O N c C X N L O c t C J T T . 387 THE CHRONICLE. A u g . 18 1906. J Bales. I Since Sept. 1 — 1 9 .............. - ................. 3 0 ,9 7 8 ! 1 9 0 3 - 0 4 — A u g . 1 9 _____ 2 1 ----------------------------- 2 9 ,4 5 8 11 9 0 2 - 0 3 — A u g . 2 1 _____ 2 2 ........... ...................... 6 1 ,5 9 4 1 1 9 0 1 -0 2 — A u g . 2 2 . . . 2 3 .................................. 5 3 , 1 3 5 i l 9 0 0 - 0 1 - A u g . 2 3 . . . Bales. ...1 0 ,1 1 0 ,3 0 9 . . . 1 0 ,7 0 3 ,2 4 5 ...1 0 ,4 5 1 ,4 8 3 . . 1 0 ,4 0 0 . 9 1 7 QUOTATIONS FOR MIDDLING COTTON AT OTHEP MARKETS.— Below are the closing quotations of middling cotton at Southern and other principal cotton markets foi each day of the week: R a n g e -----------C lo s i n g -----------October— R a n g e -----------C lo s i n g -----------December— R a n g e -----------C lo s i n g -----------January— R a n g e -----------C lo s i n g -----------Tone— S p o t --------- O p t i o n s ---------- Q u ie t . Irreg . B ’r l y s t ’ y B ’r l y s t ’ y W E A T H E R R E P O R T S B Y T E L E G R A P H .— Our telegraphic reports from the South this evening denote that on the whole the weather has been fairly favorable during the week. W hile the precipitation has been moderate as a rule, there has been rather heavy rain in portions of North Caro lina, South Carolina and Florida and in districts of Alabama and Texas. Picking has com m enced in earlier sections and new cotton is m oving quite freely in Texas. ftgjf G alveston, T e x a s . — Boll-weevil and boll-worm damage continues to be reported from various sections of the State. General dry weather would be beneficial. We have had rain on one day of the past week, the rainfall reaching three hun dredths of an inch. Average thermometer 84, highest 88, lowest 79. A b ilen e, T e x a s .— We have had excessive rain on one day during the week, the precipitation being two inches and forty-two hundredths. The thermometer has averaged 83, the highest being 96 and the lowest 66. B ren ha m , T e x a s . — There has been rain on one day of the past week, the rainfall reaching sixty-eight hundredths of an inch. The thermometer has averaged 83, ranging from 71 to 94. C orp u s C h risti, T e x a s . — W e have had showers on one day during the week, the precipitation being six hundredths of an inch. The thermometer has ranged from 71 to 93, averaging 82. C u ero, T e x a s . — We have had rain on two days during the past week, to the extent of seventy-six hundredths of an inch. Average thermometer 84, highest 98 and lowest 70. D a lla s, T e x a s .— There has been excessive rain on two days of the week, to the extent of two inches and three hundredths. The thermometer has averaged 83, the highest being 97 and the lowest 68. F ort W orth , T e x a s . — There has been excessive rain on three days of the week, the rainfall being three inches and twelve hundredths. The thermometer has averaged 80, ranging from 66 to 94. H en rietta , T e x a s . — It has rained heavily on one day of the week, with rainfall to the extent of one inch and forty-five hundredths. The thermometer has ranged from 68 to 96, averaging 82. H u n tsv ille, T e x a s . — We have had showers on two days of the past week, the rainfall reaching fifty-nine hundredths of an inch. Average thermometer 83, highest 98, lowest 68. K er rv ille , T e x a s .—W e have had showers on two days during the week, the rainfall being thirty-three hundredths of an inch. The thermometer has averaged 82, the highest being 98 and the lowest 65. L a m p a sa s, T e x a s . — Rain has fallen on one day of the week, the rainfall being twenty-one hundredths of an inch. The thermometer has averaged 83, ranging from 67 to 99. | L on gview , T e x a s . — Rain has fallen on three days during the week, the rainfall being one inch and sixty-eight hun dredths. The thermometer has ranged from 69 to.^98, averaging 84. fc-fl L u lin g , T e x a s . — Rain has fallen on one day of the week, the rainfall being forty hundredths of an inch. Average thermometer 85, highest 97, lowest 72. N acogd och es, T e x a s . — Rain has fallen on two days of the week to the extent of sixteen hundredths of an inch. The thermometer has averaged 81, the highest being 92 and the lowest 69. P a lestin e, T e x a s .—There have been showers on five days the past week, the rainfall being fifty hundredths of an inch. The thermometer has averaged 83, ranging from 70 to 96. J 388 THE CHRONICLE. Paris, T exas.— It h a s jr a in cd jh e a v ily jo n one day offlthe week, with rainfall to the extent of one inch and n inety-tw o hundredths. The therm om eter has ranged from 68 to 98, averaging 82. San A ntonio, T exas.— W e have had rain on four days of the week, the precipitation being one inch and thirty-four hundredths. Average therm om eter 82, highest 96, low est?!). Weatherford, T exa s.— W e have had rain on three days during the week, to the extent o f eighty-tw o hundredths of an inch. The therm om eter has averaged 82, the highest being 96 and the low est 67. New Orleans, Louisiana.— There has been rain on three days during the w eek, the precipitation being one inch and thirtythree hundredths. The therm om eter has averaged 88 . Shreveport, L ouisiana .— W e have had rain on three days during the week, the precipitation being fifty-five hundredths o f an inch. The therm om eter has ranged from 72 to 96, averaging 84. Leland, M ississip p i.— W e have had no rain during the past week. Average therm om eter 77.9, highest 99 and lo w est 66 . Little Rock, Arkansas . — Excessive rains fore part of week have placed the crop in a critical condition to stand ex tremely h ot weather. Tem peraturetow ards close of week highest of the season. Rain has fallen on four days during the week, the rainfall reaching tw o inches and thirty-seven hundredths. The therm om eter has ranged from 66 to 92, averaging 79. Helena, Arkansas.— Rains local. Cloudy w ith thunder every day. Y ou n g bolls are opening b u t the plant is n ot fruiting well. No com plaints of insects. W e have had rain on trhee days during the past week, the rainfall being sev enty hundredths of an inch. Average therm om eter 86 , highest 97 and low est 66 . M em phis, Tennessee.— Cotton is m aking good progress. The first new bale reached here on W ednesday from H am burg, Ashley C ounty, Arkansas, nine days earlier than last year and three days ahead o f the average date. W e have had rain on four days during the w eek, the rainfall being fifty-six hundredths of an inch. The therm om eter has aver aged 78, ranging from 70.2 to 89. Nashville, Tennessee.— It has rained during the week, the rainfall reaching ninety-one hundredths o f an inch. The thermom eter has ranged from 69 to 89, averaging 79. M obile, Alabam a.— H eavy rains in the interior early part o f the week and som e com plaints o f shedding and deteriora tion are heard. Picking has com m enced in all sections. First bale arrived on Thursday, or thirteen days later than a year ago. W e have had rain on fou r days of the past week, the rainfall reaching ninety-five hundredths o f an inch. Average therm om eter 82, highest 92, low est 70. M ontgom ery, Alabam a .— Crops are g ood on the average but m any reports o f marked deterioration in sections are com ing in. W e have had rain on four days during the week, the rainfall being one inch and tw enty-nine hundredths. The therm om eter has averaged 81, the highest being 93 and the low est 68 . Selma, Alabam a.— R ust and shedding are causing deterior ation. C otton is opening rapidly and picking has com m enced. W e look for an early m ovem ent. It has been dry all the week. The therm om eter has averaged 87, rang ing from 73 to 99. M adison, F lorid a.— W e have had rain on five days during the week, the rainfall being tw o inches and sixty-five hun dredths. The therm om eter has ranged from 68 to 92, aver aging 78. Augusta, Georgia .— W e have had rain on tw o days of the week, the precipitation being fifty-on e hundredths of an in ch . Avreage therm om eter 82, highest 98, lowest 73. Stateburg, South Carolina.— Some crops are g ood . There has been rain on five days of the wreek, the rainfall being two inches and forty-seven hundredths. The therm om eter has averaged 81.2, the highest being 94 and the low est 72. Charlotte, North Carolina.— W e are having entirely too much m oisture, rain having fallen the past week to the ex tent of three inches and eighty-four hundredths. The ther m om eter has averaged 80, ranging from 70 to 91. Charleston, South Carolina .— R ain has fallen on six days during the week, the rainfall reaching seventy-one hun dredths of an inch. The therm om eter has ranged from 75 to 97, averaging 83. The follow ing statem ent we have also received b y tele graph, showing the height of rivers at the points named at 8 a. m. of the dates given: N M N S V Aug. 1 7 F e e t. e w O r _l e _ a _ n _ s _ A_ b_ o_ v e z e r o o f e m p _ h _ i _ s _ _ _ _A _ b _ o _ v _e z e r o o f a s h v - i - l - l -e - - - - A - b - o - v- -e z e r o o f h r e v e p o r t - - - - - - - - - - - - - A b o i c k s b u r g - - - - - - - - - - - - - A b o 1 9 0 A u. g . 1 8 6 F eet g a u g e . g a u g e . g 9a.2u g e . v e z e r o o f g a v e z e r o o f g a [ V O L. L X X X I I I W O R L D ’S S U P P L Y A N D T A K IN G S OF C O T T O N .— The follow ing brief but com prehensive statem ent indicates at a glance the w orld ’s supply of cotton for the week and since Sept. 1 , for the last tw o seasons, from all sources from which statistics are obtainable; also the takings, or amount gone out o f sight, for the like periods: V V A B O A O T V T 1 9 0 5 -0 6 . 1 9 0 4 -0 5 . C o t t o n T a k in g s . W e e k a n d S e a s o nW .eek . S ea son . W eek. S ea so n . i s i b l e s u p p l y A u g . 2 , 1 00 . 8 . , 1 7 9 2 ,7 8 8 ,3 7 9 — 1 ,1 2 3 ,8 8 7 2 ,5 4 5 ,4 7 0 is ib le s u p p ly S e p t . 1 . m e r i c a n I n s i g h t t o ~ A 7 u5 g, 8. 91 2 01 7, 9 6 8 , 4 9 93 6 , 3 6 1 7 3 , 4 5 2 , 7 9 8 o m b a y r e c e i p t s t o A u 8 g , .0 0 0 26 , 5 5 4 , 0 0 0 9 , 0 0 0 2 , 6 8 4 , 0 0 0 1 t h e r I n d i a s h l p ’ t s t o 1 A1 ,u 0 g0 .0 3 186 3 . 0 0 0 1 3 , 0 0 0 ’3 2 6 . 0 0 0 l e x a n d r i a r e c e i p t s t o A u g . 71 85 3 , 6 0 0 8 3 1 ,1 0 0 t h e r s u p p l y t o _ A _ u _ g _ . 51 , 50 .0 a0 4 9 7 . 0 0 0 3 , 0 0 0 1 8 8 . 0 0 0 _ o t a l s u _ p_ p _l y_ _ __ _ _ 2_ , 2 0 8 , 0 1 7 9 1 , 7 3 1 , 2 ,6 9 3 0 9 , 7 1 4 8 6 , 6 0 5 , 7 8 5 5 D ed u ct — 9 2 i s i b l e s u p p l y _ _u g .- 1 , 1 7 . 2 ,. 0 1 ,4 9 7 2 , 02 2, 7 0 0 , 8 2 ,9 7 0 0 . 8 5 9 A 4 5 o t a l t a k i n g s t o A u g . 2 3 1 67 , _0 41 75 , 7 5 9 , 5 3 9 8 . 8 81 75 , 9 0 4 , 9 2 6 2 0 O f w h i c h A m e r i c a n 1 . 6 _6 , 0 41 21 , 6 1 3 , 9 31 93 2 . 8 81 72 . 2 5 2 , 8 2 6 7 0 , 0 0 04 , 1 4 5 , 6 0 70 6 . 0 0 3 , 6 5 2 , 1 0 0 O f w h i c h _ o _ t _h __e r__ 0 a E m b r a c e s r e c e ip ts in E u r o p e f r o m B r a z il, IN D IA C O T TO N M O V E M EN T F R O M A L L P O R T S .— The receipts of cotton at B om b a y and the shipm ents from all India ports for the w’eek and for the season from Sept. 1 for three years have been as follow s: A u gu st 16. 1 1 9 9 0 0 5 4 - - 00 65 . . R eceip ts at— W eek. S in ce S ep t. 8 ,0 0 0 Bombay.. E x p o rts from — S in ce 1 1 . W eek. 1 . W ee k . |S ep t. 1 . 2 , 5 5 4 , 0 0 0 2 , 6 8 4 , 90 , 007 00 , 0 0 0 j2 , 1 2 6 , 0 0 0 F o r the W eek. Great B rita in . 1 9 0 3 -0 4 . S in ce S ep t. C o n ti nent. S in ce S eptem ber Total. Bombay— 1905-06________ 1904-05________ 1903-04________ Calcutta— 1905-06________ 1904-05________ 1903-04________ Madras— 1905-06________ 1904-05________ 1903-04________ All others— 1905-06________ 1904-05________ 1903-04 . . . ___ 1,666 1,000 1,000 1,000 1,000 Total all— 1905-06________ 1904-05____ . . . 1903-04________ 1,000 14,000 15,000 2,000 23,000 25,000 2,000 22,000 24,000 4,000 4,000 12,000 12,000 2 ,000 2,000 3 000 3,000 4,000 4,000 1,000 1,000 1,000 1,000 2,000 3,000 9,000 10,000 6,000 7,000 5,000 6,000 10,000 11,000 Great B rita in . 57,000 22,000 94,000 7,000 3,000 4,000 3,000 4,000 13.000 23,000 14,000 23,000 C o n ti nent. 1. Total. 878,000 456,000 863,000 117,000 47,000 49,000 50,000 17,000 49,000 183,000 241,000 296,000 935,000 478,000 957,000 124,000 50,000 53,000 53,000 21,000 62,000 206,000 255,000 319.000 90,000 1,228,000 1,318,000 43,000 761,000 804,000 134,000 1,257,000 1,391,000 E U R O P E A N C O TTO N C O N SU M PT IO N TO A U G U S T 1 . — B y cable to-d a y we have Mr. E llison ’s cotton figures brought down to A ugust 1 . W e give also revised totals for last year that com parison m ay be m ade. The spinners’ takings in actual bales and pounds have been as follow s: O ct. 1 to A ug. 1. G reat B r ita i n . C o n tin en t. T o ta l. For 1905=06. Takings by spinners__ bales 3,374,000 4,784,000 8,158,000 494 Average weight of bales— lbs 480 485.8 Takings in pounds.. — ._ 1,666.856,000 2,296,320,000 3,963,176,000 For 1904=05. Takings by spinners----- bales. 3,290,000 4,827,000 8,117,000 Average weight of bales, .lbs. 508 490 497.3 T a k i n g s in pounds ... 1,671.320.000 2,365.230,000 4,036,550,000 A ccording to the a b ov e, the average weight o f the deliv eries in Great Britain is 494 pounds per bale this season, against 508 pounds during the same tim e last season. The Continental deliveries averaged 480 pounds, against 490 pounds last year, and for the whole o f E urope the deliveries average 485.8 pounds per bale, against 497.3 pounds last season. Our dispatch also gives the full m ovem ent for this year and last year in bales o f 500 pounds. O ct. 1 to A u g . 1 . B a les o f 500 lb s. ea ch . 000s om itted . 1905-06. G reat C o n ti B rita in n e n t. 1904-05. G reat C o n ti- | T o ta l. B r ita in n e n t. \ T o ta l. 1 9 0 Spinners’ stock O ct. 1 .. 5 . 256 621 877 57 315 372 Takings to Aug.1 --------- . _ 3,334 4,593 7,927 3,343 4,730 8,073 5 .7 1 0 .8 1 0 . 2 Supply---------- - - - 1 2 . 3,5900 5,214 8,804 3,400 5,045 8,445 1 0 .0 43 . 0 3,044 4,257 7,301 u g e Consumption, 1 4 weeks___ 3,182 4,343 7,5251 . 3 . 1 u g eSpinners’ stock1 Aug. 1 . . . . 8 .5 2 1 .6 408 871 C O TTO N C R O P C IR C U L A R .— Our Annual Cotton Crop R eview will be ready in circular form abou t Thursday, Sept. 6 . Parties desiring the circular in quantities, with their business card printed thereon, should send in their orders as soon as possible, to ensure early delivery. JU TE B U T T S , B A G G IN G , & c.— The market for ju te bagging has been d evoid o f anim ation during the week. Prices are unchanged at 8 ^ c . for 1 % lbs. and 93^c. for 2 lbs., standard grades. Jute butts dull at 3 @ 4 c . for bagging quality. S m y r n 1,279 In In In In In In In In In In W e ek ly C o n s u m p tio n , 000s om itted . ---------October . November------------ — December___ __ . . January ------------ . . February ____________ March . . . . April ------- — May------------------------ -June------- ---------- . July.. . -----. - - 74 74 74 74 74 74 74 74 74 74 101 101 101 101 101 101 101 101 101 101 356 175 175 175 175 175 175 175 175 175 175 68 68 68 72 72 72 72 72 72 72 788 99, 99 99 99 99 99 99 99 99 991 1,144 167 167 167 171 171 171 171 171 171 171 389 THE CHRONICLE A f g . 18 1906.; A L E X A N D R IA R E C E IP T S AND S H IP M E N T S . 1906. 1905. lbs Shirt- Cot’n figs, common Mid to / i mst Upl's tbs. Shirt- Cot’ll ings, common Mid to ttmst. Upl’s ■i% 32s Cop. A le x a n d r ia . S o u > . 1905-06. AUO- 15. (oantars a) — This week . Since Sept, t ................... R e c e ip ts E x p o rts To To To To 200 5,876,752 (bales) — ; Since Sept. 1. T h is w eek. Liverpool Manchester _ Continent America - 1904-05. 1903-04. Ticist. July 13 20 27 500 6,461,932 6.232',295 This Since week. Sept. 1. This week. Since Sept. 1 203.877 1,000 234,326 241.290 156.250 137,461 1.500 175.677 5,666 348,959. 2,500 359,677 600 335,007 70.127 | 1,000 79,445 53.162 1 2.100 784,688 ' 7,000 818,982 2,500 791,590 . Total exports u A cantar is 98 lbs. S H IP P IN G N E W S .— A s sh o w n o n a p re v io u s p a g e , the e x p o rts o f c o tto n fro m th e U n ite d S ta tes th e p a s t w eek h a ve reach ed 30,971 bai.es. T h e sh ip m en ts in d e ta il, as m a d e up from m ail and c j g ra p h ic retu rn s, are as fo llo w s : T o ta l b o le s. NEW Y O R K — Ti» Liverpool— Aug. 13— Bovic. 1,299 upland, 15 fo r e ig n ---------- ------------------------- --------------------------------------------------------- 1 304 T o M anchester— A u g . 13— T itia n , 5 0 0 -----------------------------------------500 T o H a v re — A ug ; 0 — B o rd e a u x , 503 u p la n d , 19 fo r e ig n ____A u g . 15— L a B re ta g n e . 74 fo r e ig n ____________________________________ 596 50 T o B rem en— A u g. 13— K u rfu e rst. 5 0 ___ . _____________________ T o C op en h a gen — A u g . 15— H ell g O la v . 112_____________________ 112 T o A n tw e rp — A u g 10— Z eela n d . 2 9 4 _____________________________ 294 T o B a rce lo n a — A u g . 9— U lrik en . 200 (a d d itio n a l)______________ 200 T o G en oa— A ug 1.1— K oen lg en L u lse, 1 ,6 1 8 ------ A u g . 14— N ord A m e rica , 6 ________________________________________________________ 1,624 T o N aples— A ug 19— K oen lg en L u ise. 4 0 0 ---------------------------------400 T o V en ice— A ug 15— Sofia H o h e n b e rg , 6 0 0 ______________________ 600 N E W O R L E A N S — T o L iv e r p o o l— A u g . 15— W a y fa r e r . 4 ,1 7 4 _______4.174 T o H avre— A u g. 14— L ouisian e, 2 ,0 6 3 ___________________________ 2,063 354 T o H a m b u rg — A u g . 16— H o ls a tla .3 5 4 ___________________________ T o B a rce lo n a — A u g . 15— Juan F o rg a s. 1 ,4 6 5 ____________________ 1,465 G A L V E S T O N — T o w iv e rp o o l— A u g . 10— B ern ard . 2,467 ---------------- 2,467 T o B rem en— A ug. 13— K o ln . 3 , 2 4 0 . . ____________________________ 3,240 S A V A N N A H — T o L iv e r p o o l— A u g. 15— B o lto n H a ll. 3 .7 7 0 . . . 3,770 T o G lasgow — A u g . 15— B o lto n H a ll. 10__________________________ 10 T o B rem en — A u g. 11— E u ro p a , 4 .5 8 1 _____ ______________________ 4,581 807 T o H a m bu rg — A ug. 11— E u ro p a , 200: M erid an , 60 7 ____________ T o W a rb e rg — A u g . 11— M eridan. 200 -----------------------------------------200 500 T o G o th e n b u rg — A u g . 11— M erid an , 5 0 0 ____ ______ ______________ T o M alm o— A u g . 11— M eridan , 1 5 0 ---------------------------------------------150 B O S T O N — T o L iv e r p o o l— A u g . 15— R e p u b lic , 2 0 0__________________ 200 T o S t. J o h n — A u g . 9 — C alvin A u stin . 1 4 ____ A u g . 13— C alvin A u stin , 100 _______________________________________________________ 114 B A L T IM O R E — T o L iv e r p o o l— A u g. 3— T e m p le m o re , 5 0 ____________ 50 T o B rem en — A u g . 15— N eck ar. 8 4 9 ________________________________ 849 P H I L A D E L P H I A — T o M anch ester— A u g . 4— M anch ester C orp ora tio n , 9 7 ____________________________________________________________ 97 T o H a m bu rg — J u ly 21— B a rcelon a , 2 0 0 __________________________ 200 T o t a l_________________________________________________ . . . . . . . _______ 30,971 L I V E R P O O L .— B y ca b le fro m L iv e r p o o l we h a v e th e fo l low in g statem en t o f the w e e k 's sales, s to c k s , & c . , at th a t p o rt: J u l y 27. Sales of the w eek. ..b a le s . 29,000 Of which exporters to ok ___ . 1,000 Of which speculators took. . 23,000 Sales American. . . . . . Actual export. ________ . 5,000 52,000 Forwarded _____ . . Total stock— Estim ated_____ .5 93 ,0 00 Of which American— E s t .. .4 80 ,0 00 Total Import of the w eek. . _ 38,000 Of which American____ . . 29,000 Amount a flo a t.. . . . . . _ 38,000 Of which American________ . 23,000 10. 26,000 1,000 A u g . 3. Aug. 33.000 2,000 1.000 26.000 4.000 60.000 552,000 438.000 22.000 15,000 45,000 28,000 17. 32,000 2,000 1.000 27.0 0 0 4,00 0 45,000 463,000 356,000 19,000 10,000 45,000 28,000 Aug. 20,000 5,000 65,000 494,000 388,000 12,000 5,000 44,000 26,000 T h e ton e o f the L iv e r p o o l m a rk et fo r sp o ts a n d fu tu res each d a y o f th e p a st w eek an d th e d a ily closin g prices o f sp ot co tto n h ave been as fo llo w s : S p o t. S a tu rd a y. Market 12:15 1 1 Steadier. J P.M. M on d ay. T u esda y. W ed'd a y. T h u r sd a y . F r id a y . Quiet. Quiet. Easier. Moderate demand. Quiet. Mld.Upl'ds 5.76 5.68 5.65 5.58 5.56 5.51 .*;aJes......... Spec.&exp. 4.000 400 5.000 1.000 5,000 500 5,000 500 6,000 500 5,000 500 F u tu res. Market opened 1 Market 4 P. M. Steady at 1@ 2 pts. advance. Quiet at 3 points decline 1 ) Quiet at 2 @ 5 pts. J advance. Quiet at 4 @5 pts. advance. Quiet at 3 points decline. Weak at Steady at Irreg. at 10tol2 pts. 2 @5 pts. 7 @10 pts. decline. advance. decline. Quiet at 3 points decline. Quiet at 1 @ 2 pts. advance. Easy at St'y, unch. 3 @ 6 pts. to 2 pts. decline. decline. d 9 5-16 M 9% to 9% to d. 10% 10% 10% s. d . t> 6 6 Allff 3 9 5-16 to 10% 6 10 9% • i to 10-9-16 t> 17 9% k to 10% 6 8 s 8 7% @9 7 m 6 @9 Sat. Aug. 11. p.m. Tues. Aug. 14. W ed . Aug. 15. Thurs. Aug. 16. i zy. 12% 4 1 2K 4 4 4 12^ 4 12K 1 2K p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. d. d. 5 5 5 5 5 5 5 5 5 5 5 48 44 37 35 35 35 36 38 40 41 42 5 5 5 5 5 5 5 5 3 5 3 42 38 33 31 31 31 32 34 36 37 38 d. a. 37 32 27 25 25 25 26 28 30 31 32 5 5 5 5 5 5 5 5 5 5 5 d . d. 39 5 39 5 32 35 5 36 5 29 29 5 30 5 24 28 5 29 5 23 28 5 29 5 24 28 5 30 5 24 29 5 31 5 26 31 5 33 5 28 32. .3 35 5 30 34 .3 36 5 31 35 5 37 5 32 ----- 1 ----- ----------------- 5 5 5 5 5 5 5 5 5 5 5 d. 5 5 5 5 5 5 5 5 5 5 5 30 26 21 20 20 21 22 25 27 28 30 d. 5 5 5 5 5 5 5 5 5 5 5 30 26 19 18 19 20 21 23 25 26 27 d. 5 5 5 5 5 5 5 5 5 5 5 27 23 16 15 16 17 18 20 22 23 24 d. d. 5 5 5 5 5 5 5 5 5 5 5 25 22 15 13 14 14 16 18 19 21 22 5 5 5 5 5 5 5 5 5 5 5 9 9 9 s% 8 7 27 23 16 14 15 15 17 19 20 21 22 1 M A N C H E S T E R M A R K E T .— O u r r e p o r t re c e iv e d b y cable to-n ig h t from M an chester sta tes th a t th e m a rk et is q u iet for b o th yarn s an d sh irtin gs. S pin n ers are co n sid ered to be well u n d er c o n tr a c t. W e g iv e th e p rices fo r to -d a y below an d lea ve th ose fo r p re v io u s w eeks o f this and last year fo r com p a rison : Twist. d. 6.12 9 6.07 9 6.03 8J < d . s. d . 9% 6 4 9% 6 4 m 6 4 d. © © 5.9S 87 h 5.68 m 5.51 8% to9 to9 @9 d. 4 ? .. 4% 4% 4 4 3 @9 @9 <3)9 3 9 Vs 6 9% 0 9% 6 @ to ® s. 1 l1 , U. 5.82 5.91 6.01 5.87 5.81 5.80 Friday, August 17 1906. Prices fo r w heat flour h a v e sh o w n m ore or less irregu larity , b u t the ch anges h a v e b e e n n a rro w as a rule. T h e tra d in g con tin u es on a light sca le , b u y e rs still ta k in g o n ly en ou g h to m eet im m ed ia te re q u ire m e n ts, th e d eclin e in w h ea t n a tu ra lly en cou ragin g th em in th e b e lie f th a t p rices fo r flour m u st u lti m ately declin e. T h e e x p o r t tra d e con tin u es d o r m a n t. V e ry few b id s h a v e been r e ce iv e d fr o m foreign m a rk ets, an d these h a v e been as a rule 10 to 15 cen ts u nder p rev ailin g q u o ta tio n s. S om e are lo o k in g fo r an in creased trad e w ith B razil, ow in g to a re d u ctio n in th e tariff on A m erica n flour. A t the N orth w est som e im p ro v e m e n t in th e d em a n d is n o te d . R y e flour has been in lig h t d em a n d a n d s te a d y . Corn m eal has been q u iet an d fir m . W h e a t has d eclin e d , o w in g to fa v o r a b le cro p rep orts fro m th e N orth w est, w here h a rv estin g is u n d er w a y , w ith th e w eather a u sp iciou s. S h ow ers h a v e o ccu rre d a t tim es, b u t as th e p re cip ita tio n has b e e n lig h t as a rule th e in terru p tion to field w ork has n o t been im p o r ta n t, a n d th e in d ica tion s are fo r a g o o d y ie ld . R e p o r ts fro m C anada p o in t to a large y ie ld th ere. F air sales h a v e b een m a d e fo r e x p o r t a t tim es, b u t on th e w h ole th e fo re ig n d em a n d con tin u es d isa p p o in tin g ly sm all. T h e a ttitu d e o f e x p o rte rs, h o w e v e r, is n o t surprising in v ie w o f th e a b u n d a n ce o f su p p lies. S tock s are rela tiv ely la rg e, a n d a lth o u g h th e receip ts h a v e show n som e re d u ctio n o f la te , it is e x p e c te d th a t th ey w ill so o n in crease again. T h e flour tra d e con tin u es du ll a n d th e e x p o rts h a ve been lig h t. H e a v y liq u id a tio n has o ccu rre d here an d at th e W e s t, an d th ere has been n o t a little sellin g fo r th e sh ort a cco u n t. A t tim es th e m a rk et has b e e n stea d ied b y p ro fit-ta k in g on th e sh o rt side a n d m ore or less n ew b u y in g fo r a tu rn , b u t th e rallies h a v e n o t b een v e ry m a rk ed . T o d a y prices a d v a n ce d a fra ctio n on b e tte r ca b les th an e x p e c te d , u n fa v o ra b le w ea th er in E u r o p e , lig h t A rgen tin a sh ipm en ts a n d co v e r in g o f sh orts. D A I L Y CLOSING P R IC E S OF W H E A T F U T U R E S IN N E W Y O R K . S a t. No. 2 red winter _ . . ------ 7 9 % September delivery in elevator._____ 7 9 % December delivery in elevator _ _____ 8 1 % M ay delivery In elevator _ ____ 8 4 % M on. 79% 79% 82 84% W e d . T h u rs. T u es. I S Vs 77% 77% 80 U 83 78% 81 % 83% F r i. 78 78 80% 83% 77% 77% 80% 82% D A IL Y CLOSING P R IC E S OF W H E A T F U T U R E S IN C H I C A G O . S a t. September delivery in elevator. ____ 7 2 % December delivery in e leva to r..------- 7 5 % _____ 79 May delivery In elevator. M on. 72% 75 79 T ues. 71 74 78 W ed . T h u rs. 70 l s / 73% 77% 70% 73% 77% F r i. 70% 73% 77% Indian corn futures have declined, despite the light move ment of the crop and decreasing stocks at the West. The market has been dominated largely by the bre&k in wheat and the generally favorable tenor of the crop reports. Some Western advices state that the crop is practically out of danger of serious injury. A trade journal says the prospects are for a yield as large as the last one. The cash trade has been dull with prices weak. Larger country offerings of old corn are reported, and a material increase in the receipts is expected in the near future. Prominent Chicago interests gave support to the September option for a time, but of late this has been withdrawn. To-day prices were firmer early on the rise in wheat and covering of shorts, but later on they weakened on favorable weather and crop reports and larger country offerings. D A IL Y C L O S IN G P R IC E S Mon. OF Tues. M ix e d , 26 t o 32 lb s . 38 38 37% W h i t e c l i p p e d , 36 t o 38 l b s _________3 9 -4 0 3 9 -4 0 3 8 % - 3 9 % OATS IN NEW Wed YORK. Thurs. 37 Fri. 37 3 8 % -3 9 % 36 % 3 8 % -3 9 % 3 8 -3 9 D A I L Y C L O S IN G P R IC E S O F N O . 2 M I X E D O A T S IN N E W Y O R K . S a t. Fri. Aug. 17. p .m . d. vugu s t ____ Aue.-Sep___ Sept.-Oct . . Oct.-N o v _ _ N ov .-Dec . Dec.-Jan___ Jan.-Feb___ Fcb.-Mch .. Mch.-Apr . . Apr.-May . May-June . . June-July „ Mon. 13. , Aug. U. BREADSTUFFS. S a t. T he p rices o f fu tu res a t L iv e r p o o l fo r e a ch d a y are g iv e n below . P rices are on the b a sis o f U p la n d s, G o o d O rd in a ry clause, unless oth erw ise s ta t e d . s. @9 (o)9 <3)9 5% 32s C o p S e p t e m b e r d e l iv e r y In e l e v a t o r ...........31 % D e c e m b e r d e liv e r y in e l e v a t o r ............. 32 % M a y d e l iv e r y In e l e v a t o r _____________3 4 % Mon. 31 32 % 34% Tues. Wed. Thurs. 31 % 30 % 32% 32% 34% 34% 30 % 31% 33% F r i. 29 % 30% 32% Oats for future delivery in the Western market h a v e d e clined, owing to the depression in wheat and corn, gen erally favorable weather conditions for harvesting at the N orth west, improving crop accounts from some sections and in creasing country acceptances. The cash demand has been dull with prices lower. Larger receipts are e x p e cte d . Commission houses have been selling for long a c c o u n t and packing interests have also sold. Covering of sh orts has steadied the market at times, and there have been some com plaints of injury to the quality of the crop by showers, b u t the general drift of the market has been towards a low er level. To-day the market was firmer early on covering of shorts, but became weaker later on favorable weather, larger country offerings and increased receipts. D A I L Y C L O S IN G P R IC E S O F C O R N F U T U R E S Sat. Mon. Tues. September delivery In elevator_____ 4 9 % December delivery In elevator_______45 May delivery In elevator_______ . . . . 4 5 % 49% 45% 45% 49% 45 45% IN C H IC A G O . Wed. Thurs 48% 44% 45% 48 44% 44% Fri. 4 7 'I 43% 44%' 390 D A I L Y THE CHRONICLE. C L O S I N G P R I C E S Istaple D ginghamRs NandI Nprints E h ave been R p K ced on a higher X E C O N W Y O la . level, and 6 since the 5an nou n cem en t those lines w hich so far C a s h c o r n _ _ _ _ _ _ _ _ _ __ __ __ 5 __7 __% __ 5 7 % 5 6 % 5 6 % 5 6 5 6 % 5 6 have n o t5 shared in4 the a d v a n ce h ave e n jo y ed a large sale, 5 % 5 % S e p t e m b e r d e l i v e r _y _ I _ n5 _ 6 % l e v 5 6t o% r e a D e c e m b e r d e l i v e r _y _ I n e .l 5e 3 a% t o r 5 3 % v _ 5 3 % 5 3 % w ho 5 had n eglected to purchase wrh at th ey needed 2 % 5 2 % buyers S a t. M on. T u es. O F N O . W ed . T h u rs. 2 [VOL. LXXXHL M F ri. T he follow in g are closin g qu otations: L S C S P P K W O being eager purchasers. F a n cy prints and fine grades o f gingham s h ave also m et w ith a freer sale and are very firm ly F L O U R . o w g r_ a _ d e s 3 2 9 0 ® $ 3K a 2n 5 s a s 7 5 s t r a i g $h 3 t s 6 . 0. @ $ 3 held. H ea v y brow n g o o d s are rather firm er, b u t do n ot 3 5 0 e c o n d c l e a r s . 2- 5 0 ® K 2 a n6 0s a s c l e a r s . . 3 . 2 5 ® display the sam e strength as the finer lines, bein g affected . . t 4s 4 0 ® 5 0 0 l e a r_ s _ _ _ _ _ _ 3 4 0 @ 5 B 3 l e6 n d e d p _a _t e n a t r a ig h t s . . . . .3 7 0 @ 3 3 2 5 ® 4to 1 0 greater ex ten t b y the decline in c o tto n . T here is a dis R y8 e5 f l_ o _ u _ r _ _ _ . a t e n t , s p r i n g3 . 7 5 @ B4 u 2 c 0 k w h e a t f l o. u r N .o . m i n a pl osition on the p art o f certain m anufacturers to shade prices 3 2 5 a t e n t , w i n t e r4. 0 0 @ G r 0 a 5 h a m _ _ l _o _u r 2 9 0 ® f 4 2 9 0 a n s a s p a t e n t s3 8 5 @ C3 o 9 r0 n m _ _e _a _l _ _ __ 2 8 5 ® on any signs o f a ccu m u la tion , and this holds th e m arket dow n . E x p o r t business has fallen aw ay to very sm all p ro G R A I N . p ortion s, and while inquiries have been received from In d ia h e a t , p e r b u s h .— C o r n , p e r b u s h . — c. c. N . D u l u t h _, _ N _ o _ . f . 1o . b . 8 N % . 2 m _ i _x _ e _ d _ _ f ._ o _ . b . 5 7and the R ed Sea, they have resulted in little business. 4 o % N . D u l u t h _, _ N_ o_ . f . 2o . b . 8 N3 o . 2 y e_ l _ l _o _ w _ _ I ._ o _ . b . 6 1 Coarse, colored co tto n s have been a d va n ced in som e in % R e d w i n t e r _, _ N o f . . o .2 b . 7 8 N o . 2 w h_ i_ t _e _ _ _ f ._ o _ . b . 6 2 _ H a r d " _ _ _ f . o . “b . 7R 9 y e , p e r b u s h . — stances. P rint cloth s are firm er, b o th w ide and n arrow a t s — M i x e d , b u s h .— N o . 2 W e _ s _t e r_ n_ _ _ 6 2 _ N o . 2 w h i t e _ _ _ _ _ _ _ _ S_ t a tN e o am n i dn _a J l_ e. _r s Ne_ yo m i n a good s being sold at sligh tly higher prices, and business being _ l. l. N o . 2 m _ i_ x _ e _ d_ _ _ _ B a 3 l5 e %y — W _ e _ s _ t _ e _N _no m i n a transacted for m ore d istant d elivery. R egu lars, h ow ever, r r i l ._ N o . 2 w h i t e _ _c l i p p e d F e e3 d7 % n g _ _ _ _ _ _ N _ o _ m _ i _n _a _rem_ain at 3 % c . W O O L E N G O O D S .— There has been little change in the m en ’s wear ligh t-w eigh t w oolen and w orsted good s m arket during the w eek , b u t initial business has been p roceed in g in a satisfactory m anner. T he end o f the first b u y in g p eriod is now in sigh t, an d , gen erally speakin g, few com p lain ts are E x c e p t in t h e N o r t h e r n P l a t e a u a n d N o r t hheard co f f the v olu mte o f gbusiness w ha t rhas been tran sacted . P a i ic c o a s r e i o n s , th e e t h e w e e k e n d i n g A u g . 13 w a s v e r y h o t , t h In a e few p cases, uhowrever, n such i asn m ercerized fabrics and cer e t m e r a t r e c o d it o s w e r e v e r y f a v o r a b le . h is T h e d r o u g h t y c o n d it io n s p r e v a i lin g in p o taino lines oo f wt oolen s,o orders M aves obeeni , disap p oin tin g and r t i n s f h e l w e r u r c e n t r a l M is s is s ip p i a n d O h io v a ll e y s in t hagents will haven to rely e on k du plicate business for th e disposal e p r e c e d i g w e h a v e b e e n r e l ie v e d , e x c e p t in n o r t h w e s t e r n M i s s o u r i . o f their to su tp u t. t T he a Stten tion o A b u yers ihas been fixed for P a r o f h e o u t h t l a n t e a n d E a s t G u lf S t a t e s a n d s c a t t e r e d l o c a l i t i e s i n T e n n e s s e e a r e b e g fi n n i n g t o n e e d r a in , w h ile d r y w e a t h e r a n d s u n s then m ost p art don p rnocy ew orsteds fduring the w eek , and these h i e w o u l v b e n e ic ia l in fa t h e M id d l e A t l a n t i c S t a t e s , O h i o V a l l e y a n d p o r t io n s o f T e x a s . P o r t io n s o f t h e lo w e r M is s o u r i a n d u p p e r M i s s i s s i p p have a sold y v ery usa tisfar ctorily k. e D u p licate , orders for h ea v y i v ll e s , p p e L a r e g io n a n d M i d d l e A t l a n t i c S t a t e s s u ffe r e d f r o m e x w eightsv are r still scom in gD in oslow ly t and c con tin u e t o fa v o r the c e s s i e a in . r u g h y o n d it io n s in W a s h i n g t o n h a v e b e e n r e l ie v e d i nstyles r th,at b were m ostO popgular during gthe t early p art o f the p a t u t in r e o n d r o u h c o n t in u e s , o n l y lig h t s h o w e r s h a v i n g o c c u r r e d in n o r t h e a s t e r n c o u n tie s . T h e r e w a s m u c h c l o u d i n e s s i n t h e L a k e r e g heavy-w O h i o season. e y Thered is M a i large e business still to b e i o n , eight V a l l a n d d l A t l a n t i c a n d W e s t G u l f S t a t e s , w i t h a m p l e done s in i n e i n tin g s, S bou u tall are l aw aiting the com m en ce s u n h overcoa t h e t h A t a n t i c a n d E a s t G u lf d is tr ic ts . N o t w i t h s t a n d i n g t h e h e a v y r a i n - f a l l s o v e r m ent l o f r the retail t season, hwT c othe n ten y en cy o f the m ark et a a g e p a r o f t ehen u t r d, t h e w e e k w a s c o m p a r a t i v e l y f r e e f r o m s t o r m will o bf ecom e a bm a g i kn owcnh. a rSalesmen on th e roa d h ave s a d a c t e r . etter n g already taken som e fair orders fo r ligh t-w eigh t w oolen and F or o th e r tables u su ally g iv en h ere see p a g e 360. w orsted dress g o o d s, b u t the business is b ein g h am pered b y the fa ct th at h ea v y -w eig h t b u y in g has n o t y e t been co m pleted . Prices are a b o u t on the sam e level as last y e a r , T H E DRY GOODS TRAD E. this being rendered possible b y lightenin g the w eigh t a n d New York, Friday Night, August 17 1906. m anipulating the fa b ric. A rem arkable situation exists in the co tto n g o o d s m arket F O R E IG N D R Y G O O D S .— Im p o rte d w oolen and w orsted at the present tim e in th a t prices are b ein g con sta n tly ad dress good s are selling freely and the ten d en cy is tow ard s v a n ced while th e staple itself has suffered a severe decline. sheer good s in fine y a rn , closely w o v e n con stru ction . T he D u ring the w eek the g o o d s m ark et has n o t o n ly been v ery fall silk ou tlook is im p ro v in g . R ib b o n s are q u iet an d firm , b u t m aterial advan ces h ave been registered in m an y steady. _ Liiiens are selling freely at the ad van ces. B ur lines, w hile, in the sam e p e rio d , the price o f m iddlin g co tto n laps m aintain their strength and are still in v e ry sm all at N ew Y o r k has declined som e 30 to 40 p oin ts. A s a rule, su p p ly. at the opening o f the fall b u y in g season purchasers w atch Importations and Warehouse Withdrawals of Dry Goods. v e ry closely the course o f the co tto n m arket b efore c o m The im p orta tion s and w arehouse w ith draw als o f d ry g ood s m ittin g them selves, b u t this year th ey h a ve b e co m e so co n at this p o rt for the w eek ending A u gu st 16 1906 and sin ce v in ced o f the inherent strength o f the g ood s situation th at th e y are w illing to place their orders at sellers’ full prices Jan. 1 1906, and fo r the corresp on d in g periods o f last y e a r , are as follow s: qu ite irrespective o f the w eakness th a t has d ev elop ed in a g g g : g co tto n . T he reason fo r this is p ro b a b ly to b e fo u n d in the 5- h H3 c+ H S 3 c> o t o unusual cu rtailm en t o f p ro d u ctio n in ciden t to th e scarcity o S g. M P d c t O ^ o Cl p> e+ 5 err O C3 V £ i r s s g * o f labor. T his curtailm ent is estim ated in som e quarters £ p, £ O) 1 1 o HP £ £ P- & o a . . a i o C i i P i 2. at as m u ch as 20 % , and is given as the reason , n o t o n ly for 5) o S<7f H L | -3 th e rising prices in the g ood s m a rk et, b u t also for the declining M o p, p rice o f co tto n . Present p rosp ects are fo r a full cro p , b u t, H §1 2 w ith m anufacturers unable to handle their norm al require H 3E m en ts, grow ers are d isa p p o in te d fa n d are sacrificing their B ©“ » h oldin gs. Som e bu yers o f g o o d s are natu rally h oldin g off W in the h ope o f low er prices later on b u t on the w hole trade d has been stim u lated b y the a dvan ces m ad e and a larger Co HPHP CO HP O trade is look ed forw a rd to than was a n ticip a ted a short CO CO co as < Hi DJ D Hi M© © C 00 D ih o © CO © CR to w os -d cr as • CO CO Hi • i coCO CO Co s while ago. S tock s in m id dlem en ’ s hands are v e ry lo w and 4 . as - T £*■ < s Si sl Co s] ^ as oo a CO COCO © © m ills are con gested w ith orders fo r q u ick d eliv ery . T he P 5V »o 5* jo b b in g business in dicates that m an y bu yers h ave been t o CR OS Co Co oo co © tg d oo o CR 4s. © Hi cau gh t short o f needed g o o d s. T he w oolen and w orsted CD © 4 s. © © CO © ^ !^ 3 g I HI I g ood s m ark et has been m od era tely a c tiv e ; w ith prices fu lly co as h - © oo 1 oo © 4S HP© ■€* ^ * u I CO © c oo co as 4^ © O 4s Co HP co £ ■ Co Co I ■4 © co © © Hi © © HP 4^ CR m a in ta in ed . HH O D O M E S T IC C O T T O N G O O D S :— T he ex p orts o f co tto n 2| O CO Hi Hi to g ood s from this p o rt fo r the w eek ending A u g . 13 were 3,835 to O CO 4 . CR CO c s 00 OS Hi D s. CO Hi CO co © CR © s00 CD O OO C as CO OS © CR I —* HP C CO to 4s pack ages, valu ed at $265,406, their destination b ein g to the 00 CO Hi © < CD CR CO OR 00 © 0O Hi CO CR © ^ » poin ts specified in the tables b elow . A HH CO (i CR co f. - - - - 1 - 9 0 - 5 - - - - - - - - - - - - 1- 9- 0- - 4 - - - - & W § H S in c e S in c e s OS 4 s • i oo co as o© S © © I as CR co cr i n © CO 00 © Co © oc j co co © >p o c co co 4©s h p 4^ Co Hi HP co 4 s = N ew Y o r k to A u g u st 1 3 . W ee k . Jan. 1 . W ee k . Jan. 1 . © 00 s co as co © CR CO © OS 0c os © © CO © > G r e a t B r i t a i n_ _ . . _ _ . _. _ _ _ 3 68 6 6 . hp _ -e e , *< * * 8 4 0 4 5 O CR co co Oo © < co oc I © CR h I © CR Co 4 . co s © . H O t h e r E u r_ o _ p _ e _ a_ _ n_ _ _ _ _ _ _ _ _ _ 1 1, 20 4 9 7 CO CR Hi 05 CO Co , 6 5 5 8 h] hi co i as © oo co cr © hp co oo Oc g H CR Hi j c s H y C! C h i n a _ . _ . _ _ - - - - - - - -_ - _ - _ - _- _ 1 , 5 6 47 5 , 8 0 1 7 , 3 3 0 9 0 , 1 8 4 CR CO as as oo as < HP © © © co 5* . W I n d - i- -a - - - -- - - - - _ _ _ _ 6 , 6 69 0 38 9 ,6 1 4 A r a b i a . 2 8 ,4 4 4 1 ,2 0 8 1 6 ,5 5 7 - - - - - - .__ _ _ _ - . > 6 .5 2 4 A f r i c a . - - - - .- .- - - -. - - 4 0 9 7 ,0 3 4 Hi CD CD hCR Co to 4^ 4 . ^ CD ‘ S | 2! © CO co to © W e s t I n - d - i - e s - - - - - _- -_ - _ _ . . . 7 1 4 5 8 , 6 8 4 1 8 , 6 2 37 8 7■si co CD co Hi» co co 4. S Hi © © s s= d CR © Co Co Hi as HP CO CO CO CR 7 2 © CR M e x _i _ _o c - - - - - - - -_ - _ - _ - _- _ ■42s 00 CO HP © © ip hp co 913 , 4 2 4 1 , o 9 0 CR CO © Hi 4^, 6 p § t «■ o C e n t r a l A m_ _e_ r_ i _c _a _ _ _. . . . 9 , 26 32 60 5 9 7 1 1 ,4 7 7 CO S o u t h A m e _r_ i _c _a __ _ _ _ _ _ . 9 1 1 2 , 3 0 49 , 15 1 6 , 8 5 2 3 ^e 5g O t h e r C o u_ n_ t r_ i _e s_ _ _ _ _. _ _ _ _ 1^ s 2 5 0 1 02 ,4 57 0 71 1 , 5 8 8 O co © 4s. HP HP HP Co c o © © Co G O V E R N M E N T W E E K L Y W E A T H E R R E P O R T .— Mr. Jam es B erry , Chief o f the C lim ate and Crop D ivision o f the U nited States W eath er B ureau , m ade p u b lic on T uesday the telegraphic reports on the w eather in the variou s States fo r the w eek ending A u g . 13, sum m arizing them as follow s: W o anu Cot Sill hi hp T o t a l_ _ _ _ . — _ _ _ _ 3_ , 8 3 5 1 9 1 , 1 2 5 1 2 , 9 2 12 0 5 , 0 1 7 T he imlue o f these New Y o rk ex p orts since January 1 has been $10,835,662 in 1906, against $10,929,033 in 1905. P rom in en t lines o f b leach ed g o o d s h ave been a d van ced during the w eek , and F ruit o f the L o o m and L onsdale 4-4s are n ow q u oted at 8 J^c. and 8 }zgc., resp ectiv ely . The sca rcity in bleach ed g ood s is generally a d m itted , b u t there are certain bu yers w ho d o n o t e x p e ct th e present firmness to b e m aintain ed. 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CO © © © © ! oc co O HP © CO I © CR © CC to CR | © © CR OC © C o » g- hI 4s. CO © co © h i <J Hi 00 CR © 0C c _ 8£ A ug. THE CHRONICLE IS 1906.J S ta te and C ity D epartm ent. Bond Proposals and Negotiations th w e ek is h a v e been as fo llo w s : Adam s County (P . 0 . D eca tu r), I n d .— Bond Offering.— Proposals will be received until 10 a. m ., A ug. 21, b y John F. L acliot, County Treasurer, for the follow in g bonds: 54.340 coupon R eynolds Extension No. 3 (H artford Township) m acadam road bonds. D enom ination $317. % coupon Eckrote Extension X'o. 3 (H artford Township) m acadam road bonds. Denom ination $30 1. 41-9% coupon L. O. Bears Extension X'o. 3 (H artford Township) m acadam road bonds. Denom ination $105. 4 H % coupon Chits. Ewell Jr. (Preble Township) m acadam road bonds. Denom ination $345. 4 4 % coupon French Township Central Extension XT 1 (French o. Township) m acadam road bonds. Denom ination $455. 4 tj % coupon Jlm tow n Extension 1 (H artford Township) macadam road bonds. D enom ination $407. 4 ,0S0 4 3.900 4.900 9,100 8,140 Interest sem i-annually at the First N ational Bank of Decatur. M aturity one bon d of each issue every six m onths from May 15 1907 to N ov. 15 1926 inclusive. Certified check for 3 % of bid, payable to the B oard o f Commissioners, is required. A dd ison , Steuben C ounty, N. Y .— Bids. — The follow ing bids were received on A u g. 1 for the § 10,000 4 % city-hall bonds awarded, as stated in V . S3, p. 286, to the First Na tional Bank o f A ddison: First N at. B k .. Addison (for 4s) _ _ p a r; I. IV. W illington Bank (for 5 s)___par. Denom ination §500. Date July 1 1906. Interest annual. M aturity 1920, su bject to call § 1,000 yearly beginning 1911. A d d y ston , H am ilton C ounty, O h io.— Bond Sale.— On A ug. 14 the S3,000 street-im provem ent and §1,500 p u b lic building 5 % 15-year coupon bonds described in V . 83, p. 171, were awarded to W eil, R oth & Co. o f Cincinnati for §4,875 and accrued interest— a basis of abou t 4 .243^ % . A m elia, Clermont C ounty, O h io.— Bond Sale.— On Aug. 11 the §1,825 5 % 4 % -y e a r (average) coupon sidew alk-construc tion (village’ s portion) bonds described in V. 83, p. 171, were awarded to John Nichols o f Cincinnati for §1,843 25 .and accrued interest— a basis o f abou t 4 .7 6 % . A bid of §1,841 was also received from the First National Bank of B atavia. A nacortes School D istrict N o. 18 (P . O. A n a cortes), Skagit County, W a s h .— Bond Sale.— W e are advised that the §20,000 20 -year coupon refunding bon ds offered on July 27 have been awarded to the State of W ashington at par fo r 4s. A n tig o, Langlade C ounty, W is .— Bond Offering.— P ro posals will be received until O ct. 1 b y G. O. Palm ites, City Clerk, for §10,000 4 % refunding bonds. Interest annual. M aturity §1,000 yearly beginning Sept. 1 1921. A shland, K y .— Bonds Not Sold.— R eports state that the only bid received on A ug. 13 for the §15,000 6 % streetim provem ent assessment bonds described in V. 83, p. 286, was that of A lbert K leybolte & Co. o f Cincinnati, who offered §15,003 75 and accrued interest. This bid was rejected. A shtabula, A shtabula C ounty, O h io.— Bond Offering.— Proposals will be received until 12 m . Sept. 4 b y Frank W . Wagner, City A u ditor, for §20,000 5 % cou p on Prospect Street paving bonds. Denom ination §500 or §1,000. Date April 1 1906. Interest sem i-annually at the office of the City Treasurer. M aturity § 2,000 yearly on O ct. 1 from 1906 to 1915 inclusive. Certified check for §1,000 on some bank in A shtabula, payable to the City Treasurer, required. All bids to be unconditional. A ccrued interest to be paid b y purchaser. A thol, M a ss.— Bond Sale.— The §350,000 4 % bonds offered but not sold on July 14 have been disposed of to N. W . Harris & Co. o f B oston. These bon ds were author ized on June 28 for the purpose o f purchasing the prop erty rights and privileges o f the A thol W ater Co. Securities are in denom ination o f §1,000. Date A ug. 1 1906. Interest semi-annual. Maturity yearty on A ug. 1 , §7,000 from 1907 to 1916 inclusive, §10,000 1917 to 1926 inclusive and §18,000 1927 to 1936 inclusive. See V. 83, p. 171. Loan Authorized.— A t a special tow n meeting held July 27 a loan of §38,000 was authorized for a new schoo 1 house. Notes will be issued. A xtell School D istrict N o. 57 (P . O. A x te ll;, K earney County, N eb .— Bond Offering.— Proposals will be received until 2 p. m. Aug. 25 b y Noble Sanford, Secretary Board of Education, for §4,297 5 % school-building bonds. D enom i nation §500. Date July 25 1906. Interest annually in May at the Treasurer’s office in Minden. M aturity from 1908 to 1915 inclusive. Bonded debt this issue. Assessed valua tion for 1906, §450,000. Bellaire, O hio.— Bond Offering.— Proposals will be received until 12 m. Sept. 4 b y R . E. Crow, City A uditor, for the fol lowing bonds: 391 B oston, M a s s .— B id s.— The follow ing bids were received on A ug. 10 for the nine issues of 4 % bonds (aggregate $3,899,000) aw arded, as stated last w eek, to H arvey Fisk & . Sons of New Y ork City at 101.777: H a r v e y &F iS s o k u s , N e w Y o r k , f o r " a l l o r n o n e , " 1 0 1 . p a r t , ” 1 0 0 .0 1 1 . D o lla r S a v in g s B a n k , N e w Y o r k , fo r $ 8 0 ,0 0 0 3 0 f o r 8$0 ,0 0 0 b o n d s o f a n y m a t u r i t y 1 0 0 . 0 2 . O ’C o n n o r & K a b le r . N e w Y o r k , fo r $ 3 0 0 ,0 0 0 $ 5 0 ,0 0 0 a t 1 0 1 .5 3 , $ 5 0 ,0 0 0 a t 1 0 1 .2 5 7 , $ 5 0 ,0 0 0 a a t 1 0 0 .5 3 8 . W i lli a m A . R e a d & C o .. N e w Y o r k , fo r $ 1 ,0 0 0 ,0 0 0 D e n is o n & F a r n s w o r t h . B o s t o n , fo r $ 1 5 0 ,0 0 0 1 0 2 .0 7 ; f o r $ 1 5 0 ,0 0 0 t u n n e l a n d s u b w a y b o n d s , 1 E s t a b r o o k & C o .. B o s t o n , fo r " a l l o r n o n e , ” 1 0 1 .5 9 8 N . W . H a r r is & C o ., N e w Y o r k , a n d E . H . R o n o n e .” 1 0 0 .8 3 7 . W i lli a m S a lo m o n & C o .. N e w Y o r k , a n d G o l Y o r k , fo r a ll m a t u r i n g 1 9 3 6 , 1 0 0 .6 9 2 9 ; fo r a ll m a B lo d g e t . M e r r it t & C o ., B o s t o n , f o r t u n n e l a n b r id g e lo a n m a t u r i n g 1 9 4 6 . 1 0 2 .0 3 a n d In te r e s t, “ M e r r ill. O ld h a m & C o .. B o s t o n , fo r $ 1 ,1 5 0 ,0 0 0 b o n M . F . S u lliv a n , fo r $ 5 ,0 0 0 b o n d s a t 1 0 1 .0 0 . W . J . H a y e s & S o n s , B o s t o n , fo r $ 1 5 0 ,0 0 0 C a m b r id B la k e B ro s . & C o .. B o s t o n , fo r $ 1 ,0 0 0 ,0 0 0 t u n n 1 9 4 6 , 1 0 1 .1 9 a n d In te r e s t. A . B . L e a c h & C o ., N e w Y o r k , fo r $ 1 ,0 0 0 ,0 0 0 t u n fo llo w s ; $ 1 5 0 ,0 0 0 a t 1 0 1 .5 1 3 , $ 1 5 0 ,0 0 0 a t 1 0 1 .3 9 1 $ 1 5 0 ,0 0 0 a t 1 0 1 .1 4 1 , $ 1 5 0 ,0 0 0 a t 1 0 1 .0 1 1 , $ 1 $ 1 0 0 ,0 0 0 a t 1 0 0 .6 2 1 ; a ls o fo r $ 1 5 0 ,0 0 0 C a m b r id g e fo r $ 7 0 0 ,0 0 0 1 9 3 6 b o n d s a s fo llo w s : $ 1 0 0 ,0 0 0 a 1 0 1 .1 3 6 , $ 1 0 0 ,0 0 0 a t 1 0 1 .0 1 1 . $ 1 0 0 ,0 0 0 a t 1 0 0 . 7 6 1 , $ 1 0 0 , 0 0 0 at- 1 0 0 . 6 3 6 a n d $ 1 0 0 ,0 0 0 a t v a r io u s - m u n ic ip a l- p u r p o s e s b o n d s a t 1 0 0 .2 5 . M ls s lG . M e llo r . fo r $ 2 5 ,0 0 0 4 0 - y e a r b o n d s in $ 5 ,0 f r o m 1 0 0 .2 5 t o 1 0 0 .7 5 , o r p a r f o r t h e s a m e b o n d s . W o r c e s t e r N o r t h S a v in g s I n s t it u t io n , F it c h b u 1 9 2 6 , 1 0 0 .8 7 . R h o a d e s & C o ., N e w Y o r k , fo r $ 5 0 0 ,0 0 0 s t r e e t b o n B rew ster, N obles C ounty, M in n .— Bond Aw ard.— W e are advised that on A ug. 13 the §3,000 10 - 3rear drainage-system bonds m entioned in V. 83, p. 338, were awarded as ft5s to J. M. H olm es o f Chicago for §3,000 less §50 for printing bonds, a ttorn ey ’s fees, &c. Securities are dated July 2 1906. Interest annual. B ucyrus, O h io.— Bond S ale.— On A ug. 10 the tw o issues o f 4 % coupon street-im provem ent bon d s, aggregating §9,700 and described in V. 83, p. 172, were awarded to the B ucyrus City Bank o f B ucyrus at 100.175 and accrued interest. The bids were as follow s: B u c y r u s C i t y B k . , B u c y r u s $ 9 , 7 1 7 O _O _a W 6e , i 0l 0, 6 R 0o 0 t h l $ B r ig h t o n - G e r m a n B k . , C in _ 9 ,7 0 8 7 5 | a f o r t h e $ 6 , 0 0 0 P r o s p e c t S t. b o n d s . Butler C ounty (P . O. P oplar B lu ff), M o .— Bond Sale Post poned.— W e are advised that the sale of the §315,000 6 % Drainage District No. 7 bonds described in V. 83, p. 226, which was to have taken place A ug. 7, has been postp on ed for the present. Caddo M ills In dep end en t School D istrict (P . O. Caddo M ills), H unt C ounty, T e x .— Bonds N ot S old.— No sale has yet been made o f the $7,000 5 % 10-40-year (op tion al) sch ool building bonds offered on July 28. Securities are dated June 1 1906. See V. 83, p. 172, for other details of bon ds. Caney, M on tg om ery C ounty, K a n .— Bonds N ot Sold.— No award was made on A ug. 10 o f the $30,000 5 % cou p on w ater-im provem ent and extension bon ds described in V . 83, p. 226. W e are inform ed that bids were n ot opened for the reason that the A ttorney-G eneral had n ot passed on the legality o f the bon ds. Caroline C ounty (P . O. D en ton ), M d .— Bond S ale.— On Aug. 14 the $12,000 4 )^ % 1-12-year (serial) cou p on jail bonds described in V. 83, p. 172, were aw arded to the Caro line County Bank at 101 and accrued interest— a basis o f about 4 .3 2 % . Carthage H igh School D istrict (P . O. C arthage), Jeffer son C ounty, N. Y .— Bond S ale.—-On A ug. 10 $7,000 highschool bonds were awarded to the Jefferson County Savings Bank of W atertow n at par for 4J^s. A u th ority Section 10, Title 8 , Consolidated School Law o f New Y ork , and v ote of 77 to 45 at election held June 9 1905. D enom ination §1,000. Date A ug. 15 1906. Interest annually at the Carthage National Bank in Carthage. M aturity $1,000 yearly from Aug. 1 1907 to A ug. 1 1913, inclusive. C harlottesville, Albem arle C ounty, V a .— Bond O ffering.— Proposals will be received until 12 m . A ug. 20 b y F . W . T w ym an, Chairman Finance C om m ittee, for § 120,000 4 % coupon reservoir bonds. Bids are requested for bon ds the entire am ount to be delivered at one tim e, and on bon d s to be delivered as follow s: $20,000 Sept. 1 1906, §25,000 Jan. 1 1907, §25,000 April 1 1907, $25,000 July 1 1907 and §25,000 O ct. 1 1907— accrued interest to date o f delivery being re quired o f purchaser. These securities are part o f an author ized issue o f §135,000. D enom inations: § 1,000 and §500. Date Sept. 1 1906. Interest sem i-annually at the office of the City Treasurer. M aturity forty years, su bject to call after tw enty years. Each bid m ust be made on a blank form furnished b y the city and must be accom panied b y a certified check for 3 % o f the bonds b id for, payable to C. H. W alker, City Treasurer. The bonds will be certified to as to their genuineness b y the U nited States Mortgage & Trust $1.890 00 8% 1-10-year (serial; Union St. Im provement bonds. Denom i C o., New Y ork City. nation $189. Cincinnati, O h io.— Bonds Awarded in Part. — O f the $500,1.783 40 6% 1-io-year (serial- Twenty-first St. Im provement bonds. D e 000 3 .6 5 % 10-year street-im provem ent (city 's p ortion) bonds nomination $178 34. A uthority Section 1536-281 o f the R evised Statutes. offered on A ug. 13 the follow ing am ounts were awarded: Date o f bonds Sept. 1 1906. Interest annual. Certified W . F. F ox . C incinnati.............................................................. - -------- $ 3 .000 © p a r Gerke, C ch eck for 5 % of the bonds bid for. payable to the City Treas George Schneider incinnati_____________ ________________________ 15,000@>parr Foss & Brewing C o., C incinn ati--------- ----------- .>,000 © p a urer, is required. Purchaser to pay accrued interest. John Swift. C in cin n a ti.______________________________________ 1,5 0 0 © p a r 392 THE CHRONICLE. JTo l . i .x x x i i i . O f the $250,000 3 .6 5 % 30-year sewer and ditch (c ity ’s Elm ore, O ttaw a C ounty, O h io.— Boro O ffering.— P ropos portion) bonds offered on the same day the follow ing am ounts als will be received until 12 m . A ug. 28 b y Ernst Jaeger, were awarded: Village Clerk, for the follow ing bonds: •Tn o. J . M J o s e p h L B la n c h e E d w a r d W . F . F F o s s & S B e s s We. L o i W i l l i a m a l o n e y , C i n _c __n _n _a _ i _. ,_ _ _ _ _ _ _ $ 2 5 , 0 0 0 @ $ 22 , 50 , 0 1 0 8 7 ( o r5 0 l e s s ) i t $ .s e ria l) c o u p o n v 00 _ 5 , 0 0 n0 o® m i n a 5 t , i05o 5 % 0 $ 2 10 -0 1. 0 - y e a r o n g , C i n c i n n _ a __t i . . _ n L o n g . C i n c _i n _ n _ a _ t i_ __ ._ . _ _ _ _ _ _ 5 0 0 ® 4 , 0 0 50 0 1less)5r 5 % (2 o 1 -1 0 -y e a r (s e ria l) c o u p o n - x v ; •::-c o f l c h o e n l i n g _ , _ C _ i _n _c i_ n _ n_ _ a_ _t_. i_. _ . 4 , 0 0 0 ® p a r o x , C i n c_ _ i n_ n_ a _ t _i 1D , e0 n 0 o 0 m® i n a t i o n $ 4 0 0 p . a r A uthorityp aSection 95 o f the M unicipal Code. Date of c h n e i d e r B r e w i n g C _o _. , _ C _ i n c_ i n5 n, a t0 i 0 ® . _ 0 r n g d o n , C i _n _c i _ n _ n _ a _t i _ _ 5 0 0 ® p r bonds Sept. a1 r 1906. Interest a annually at m e Village Clerk’ s p S t r u n k , T r u s t e e , _ C_ i _ n __c _ n _ n _ a t i 2 , 0 . 0 0 . @ i See V. 83, p. 172, for description o f bonds. Bonds Authorized. On July 30 the City Council passed ordinances authorizing the issuance o f the follow ing bonds: $ 8 0 0 ,0 0 0 1 4 0 ,0 0 0 8 . 6 5 % 8 . 6 5 % 2 5 - y e a r c o u p o n C i t y B r a n c h 2 0 - y e a r c o u p o n L ib e r t y S t r Denom ination $500. Date, day o f sale. Interest semi annual . C ollege H ill, O h io . — Bond S ale.— On A ug. 13 the $9,000 4 % coupon refunding tow n-hall bon d s described in V. 83, p . 52, and V. 82, p. 1512, were awarded to the B rightonGerman Bank of Cincinnati at 100.636 and accrued interest. F ollow ing are the bids: office. Bonds are exem pt from taxation Certified check for 5 % of the bonds bid fo r , payable to m*- Village Treasurer, is required. B onded d eb t, n ot including sue, $20,000. Assessed valuation for 1906, $247,000. H o s p it a l i m p r o v e m e n t b o n d s . e bids re e e t Elyria, d O h io.— eBond r B idos.— F ollow ! m V ia u c t r p a i b n d s . ceived on Aug. 7 for the 850,000 4 % year (average) coupon water-works bon ds aw arded, as s*. m d last week, to Lam precht Bros. & Co. o f Cleveland: L a m p r e c h t B r o s . & C o . , C l $ 5 0 , 3 8 7 5 0 ! K l e y b 00 l t e & o O tis & H o u g h , C l e v e la n d . 5 0 ,3 1 8 0 0 , S e a s o n g o o d E ssex C ounty, (P. O. S alem j, M a s s .— Loan Offering This county will receive bids until A ug. JO for a loan of $55,000 dated Sept. 1 1906 and m aturing March 1 1907. B r i g h t o n - G e r m a n B a n k , |S c a s o n g o o d & . M a y e r , C i n c a $ 9 . 0 2 5 0 0 C i n c i n _n _a _t i _ _ _ a $ _ i )_ , _0 5 7 2 5 I W e s t e r n _ G e r m a n David nI.k R obinson is C ounty Treasurer. B a , W e i l , R o t h & C o ., C in c in . « 9 ., .0 . 2. _7 0 0 1 C 0i n ca 9 i, Fall a R iver, M a ss.— Bond Sale.— On A ug. 16 $30,000 4 % 0 0n 0 0n t i 10-year registered highway bonds were awarded to E stabrook •a A n d a c c r u e d i n t e r e s t . C olu m b u s, O h io . — Bond O ffering.— Proposals will b e re & Co. of B oston at 100.35 and accrued int- rest— a basis of ceived until 2 p. m. A ug. 21 b y Martin A. Germ under, about 3 .9 5 7 % . D enom ination $1,000 or m ultiple. Date Secretary Sinking Fund Trustees, for $500,000 4 % coupon Aug. 1 1906. Interest sem i-annually b y a- A . Follow ing w ater-purifying and softening works bonds. Denom ination are the bids: 0 B l a k e B r o s . _ U 1 0. 0 j. 1 0 B o s _ E s t a b r o o k & C o _ . _, 1_ B 0o . s3 t5 o n $1,000. Date Dec. 30 1904. Interest March 1 and Sept. 1 R . L . D a y & C o . . B o s t o n . . . 1 0 0 . 3 1 9 jM e r r i l l , O l c r at the office o f the agency o f the city o f Columbus in New N . W . H a r r i s & C o . , B o s t o n . 1 0 0 &. 2C 7o 4. . j B R l oo sd t g _ e1 t 0 , 0 M. 0 e 7 W m . A . R e a d & C o ., N . Y . . 1 0 0 .1 8 9 1 W . J . H a y e Y ork City. M aturity March 1 1945, su bject to call after F ly Creek School D istrict (P. O. F ly C ieek ), O tsego March 1 1920. B onds are ta x -ex em p t. Certified check on a local bank for 2 % of the bonds bid for, payable to the C ounty, N. Y . — Bond S ole.— On A ug. 1 $3,200 4 % i - 10 -year Sinking Fund Trustees, is required. B onds will be delivered (serial) school bon ds were awarded to tm First National A ug. 30. These are n ot new bonds bu t securities held in Bank o f Cooperstown at par. D enom ination $320. D ate Aug. 1 1906. Interest semi-annual. the sinking fund as an investm ent. Forest G rove (P. O .M iz p a h ), Ita sca C o u n ty ,M in n .— Bonds C on stab leville, L ew is C o u n ty , N . Y .— Bond O ffering.— Proposals will be received until 10 p. m . A ug. 25 b y the Not Sold — No bids were received on A ug. 1 for the $8,000 B oard of Trustees at the office o f Daniel H . O ’ Brien, Village 4 % road and bridge bonds described in V. 83, p. 113. W e Clerk, for $2,000 bonds at n ot exceeding 4 % interest. D e are inform ed that application has been m ade to the State nom ination $100. Interest April 1 and O ct. 1. M aturity for this loan. F ostoria, O h io.— Bond O ffering.— P oposals will be re $ 1 0 0 yearly beginning five years from date. Corsica In d ep en d en t School D istr ic t (P . O . C orsica,) ceived until 12 m. Sept. 1 b y J. T . Y a n t, City A u d itor, for A u th ority, Title 12, D o u g la s C ou n ty, S . D . — Bonds N ot Sold.— No sale was m ade $7,000 4 % cou pon refunding bonds. on A ug. 3 of the $3,000 5 % coupon first m ortgage sch ool- Chapter 2, Section 2701, o f the R evised Statutes, and Sec house bonds offered on that day (V . 83, p . 226). It is now tion 96 o f the M unicipal Code. D enom ination $ 1 ,000. Date the intention of the district to borrow from the State Sept. 1 1906. Interest sem i-annually at the National Park Bank in New Y o rk C ity. M aturity S e p t. 1 3923. Certified the m oney needed. check for $500, payable to the City Treasurer, is required. C ov in g to n , K y . — Bond Offering Postponed.— Owing to an Franklin, Southam pton C ounty, V a .— Bond Sale.— This error discovered in the ordinance the bids received on A ug. 13 for the $4,190 98 5 % 1-10-year (serial) Eighteenth Street town recently awarded $40,000 5 % 20-year w ater and im provem ent bonds described in V. 83, p . 287, will not be sewerage bon ds to C. Thom as at 101— 1 basis of about 4 .9 2 % . Denom ination $500. Date July 1 1 >06. Interest opened until A ug. 27. semi-annual. C o v in g to n , T ip to n C o u n ty , T e n n . — Description of B onds.— F ulton, Callaway C ounty, M o .— Bond O ■ .(/.— Proposals ■ W e are advised that the $15,000 coupon sewer bonds v oted on July 17 (V . 83, p. 226) will bear interest at n o t exceeding will be received until 12 m. O ct. 1 b y W . s'. R ussell, City 5 % . Securities are authorized b y Chapter 336, A cts of Treasurer, for the $14,000 w ater-works and $6,000 electricbo nds v oted on July 2 1 . D enom ination $500. 1899. Denom ination $500. Date Sept. 1 1906. Interest light 4 sem i-annually in C ovington. M aturity $3,000 Sept. 1 1916, Date Sept. 1 1906. Interest sem i-annually at N ational $5,000 Sept. 1 1926 and $7,000 Sept. 1 1936. B onded d eb t, Bank o f Commerce in St. Louis. Mat-r. ity tw en ty years, n ot including this issue, $42,500. Assessed valuation for subject to call after five years. Certified check for $700 on the water-works bon ds and $300 > the electric-light n 1906 $599,890. bonds, payable to the City Treasurer, is required. B onds D o u g la s , Cochise C ou n ty, A r i z .— Bond O ffering.— P ro will be delivered O ct. 1 . A ccrued interest to be paid b y posals will be received until m idnight Sept. 14 (to be opened purchaser. Bonded d ebt, including this issue, $48,500; 8 p. m . Sept. 15) b y T. A . D aley, City Clerk, for $75,000 sinking fund $869 35. Assessed valuation $1,667 ,090. 5 % gold coupon sewer bonds. Denom ination $1,000. Date Gaines C ounty, T e x .— Bond S ale.— On A ug. 10 the State A ug. 15 1906. Interest semi-annual. M aturity $3,000 yearly beginning A ug. 15 1912. Certified check for 5 % o f Board o f E ducation purchased at par and interest the am ount bid , payable to the City Clerk, is required. B onded $5,000 4 % 5-40-year (optional) school-:, use bon ds men tioned in V. 83, p. 339. d eb t, this issue. Assessed valuation for 1906, $1,800,000. Grand R apids, K ent C ounty, M ic h .— A e P ostpon ed.— D u B o isto w n School D istrict (P . O . D u B o isto w n ), L y com in g C ou n ty, P a . — Bond S ale.— This district recently W e are advised th at action on the bids received on A ug. 14 awarded $500 4 % 5-30-year (optional) gold coupon school for the $75,000 4 % 20-vear w ater-system -extension bonds building bonds to C. A . Tom linson at 101. These securities described in V. 83, p . 339, has been deferred until A ug. 20 . Grand Rapids School D istrict (P . O. Grand R a p id s), K ent are part of the $6,750 bonds offered on May 24, of which only $900 were sold at that tim e, as stated in V. 82, p. 1281. County, M ic h .— Bond Sale.— Arrangem ents have been made for the sale to the sinking fund of the $15,900 4 % sch ool This makes the am ount awarded to date $1,400. E a to n to n , P u tn a m C ou n ty, G a .— Bonds to Be Offered in bonds authorized b y the Board of E du cation on July 20 . Grand R apids School D istrict N o. 1 (F . O Grand R a p id s), October.— W e are advised that the $15,000 5 % sewerage bonds authorized at the election held A ug. 1 will be offered Itasca C ounty, M in n ,— Bonds N ot Sold— Bond E lection.— No A b ou t O ct. 15. The official vote on these bon ds was 84 to satisfactory bids were received on A ug. 6 f e the $20,000 4 % 32. Denom ination $500. Interest annually at the Clerk’s coupon school-building b on d s'd escrib ed hi V. 83, p. 288. office. B onded d ebt, including this issue, $40,000. A s W e are advised th at another election will be called to vote sessed valuation for 1906 $850,000. H . C. W alker is Secre on issuing 5 % bonds. tary and Treasurer of tow n. H allock K ittson C ounty, M in n .— Bo:. Offering.— P ro posals will be received until 7 p. m. Sept. 3 b y N. G. B row n, E d ge w o rth (P . O . S e w ick ley ), A lle g h e n y C ou n ty, P a . — Bond Sale.— On A ug. 13 the $75,000 4 % 5-29-year (serial) Village Clerk, for $10,000 4 * 4 % sewer-system bon d s. De sewer bonds described in V. 83, p. 288, were awarded to nom ination $1,000. Date Sept. 3 1906. Interest s e m i the Dollar Savings Bank o f Pittsburgh for $75,705— a basis annual. M aturity tw enty years. Bonded debt, including this issue, $25,000. Assessed valuation for 3906 $252,050. o f abou t 3 .9 2 9 % . There were no other bidders. H arrison, Sioux C ounty, N e b .— Bone Sale.— On Aug. 10 E lm ira, C h em u n g C ou n ty, N . Y . — Bond Offering. — P ro posals will be received until 8 p. m . A ug. 20 b y Z. R . B rock- the $3,500 6 % 10-20-year (optional) coupon w ater-extension w ay, M ayor, for $39,000 registered refunding bon d s at n ot bonds described in V . S3, p. 227, were awarded to John I. exceeding 4 % interest. A uthority Chapter 685, Laws of Davis for $3,501. This was the only b id received. H eidelberg, Jasper C ounty, M is s .— Bonds Authorized.— 1892, as am ended. Denom ination $1,000. Date Sept. 1 1906. Interest payable in New Y ork City. M aturity one The M ayor and the B oard of Aldermen have-decided to issue $ 8,000 pu blic-school bonds. bon d yearly. H em pstead School D istrict N o. 8 (P . O. R o o s e v e lt), N as sau C oun ty, N. Y . — Bonds Xot Sold.— N o b id s were received on A ug. 1 for the $15,000 4 % sch ool-b u ild in g b o n d s described in V . S3, p. 227. H enry C oun ty (P . O. N a p o le o n ), O h io .— Bond Sale.— On A ug. 14 the fou r issues o f 4 l % cou p on road b o n d s aggre X gating $26,000 and described in V. 83, p. 288. were aw arded, it is stated, to L am p rech t B ros. & Co. o f Cleveland for $26,289. H ou ston , T e x .— Bids Rejected — Bond Sale. — T he follow ing bid s, all o f w hich were re je cte d , were received on A u g. 10 for the 8434,700 5 % 40-vear cou p on w ater-plan t-pu rch ase b on d s described in V. S3, p. 227: R . K le y b o lt e & C o .. C ln .$ 4 5 6 ,8 6 9 P r o v id e n t S a v s . B k . & T ru st C o ., C i n c i n n a t i .. 4 5 6 ,4 5 0 A . K le y b o lt e & C o .. C in e 4 5 6 ,1 5 0 T r . C o . o t D a lla s , D a lla s . 4 5 3 ,1 5 5 393 THE CHRONICLE A u g . IS 1906. J 00 E . H . R o llin s & S o n s,C lllC {4 5 1 ,4 3 5 00 U n io n S a v s . B k . & T ru s t 00 C o . . C in cin n a ti _______ 4 4 4 ,0 0 0 00 0 0 . O tis & H o u g h , C i e v e ____ 4 4 0 ,3 9 4 57 00' inclusive, $200 yeavly| from ]192I| to 1930|inclusive and $300 yearly from 1931 to 1940 inclusive. P roposals for these bon d s will be received until S ept. 1 . L ow er M ou n t B eth el In d e p e n d e n t S ch ool D istrict (P . O. E aston R . F . D . N o. 1 ), N orth a m p ton C o u n ty , P a .— Bond Sale.— On A u g. 10 the $10,000 4 % 10-20-year (o p tio n a l) cou p on sch ool-b u ild in g b o n d s described in V. 83, p . 289, were aw arded to E . H . Shaw de & Co. o f E aston a t 100.25— a basis of a b o u t 3 .9 7 % to the op tion a l date and 3 .9 8 2 % t o full m atu rity. T here were no oth er b id s for the entire issue. L ucas C oun ty (P . O. T o le d o ), O h io .— Bonds Proposed.— L ocal papers state th a t the C oun ty C om m ission ers on A u g. 23 will take action on the p rop osed b on d issue o f $67,000 for bridge and cu lvert im p rovem en ts. M ad ison C oun ty (P . O. L o n d o n ), O h io .— Bond Offering. P roposals will be received u ntil 12 m . S ept. 4 b y the C oun ty Com m issioners a t the office o f J. J. Shaffer, C oun ty A u d itor, for the follow in g bon ds: T he b on d s were su bsequ ently aw arded at p rivate sale to c o u p o n H u m e D it c h i m p r o v e m e n t b o n d s . the Union Savings Bank & Trust Co. o f Cincinnati for $460,- $ 8 0 0 5 % 5 0 0 5 % c o u p o n C . E . S ld n e r D lt c li I m p r o v e m e n t b o n 000 and accru ed in terest— a basis o f a b o u t 4 .6 7 7 % . These 5 0 0 5 % c o u p o n F lo r e n c e D i t c h I m p r o v e m e n t b o n d s 9 0 0 5 % c o u p o n W . C . S ld n e r D i t c h I m p r o v e m e n t b o n bon d s were registered b y the State C om ptroller on A u g. 8 . 3 ,2 0 0 5 % c o u p o n B o e r g e r D i t c h I m p r o v e m e n t b o n d s In d ian H ead, S a sk .— Debenture Sale. — The highest bid 1 , 8 0 0 5 % c o u p o n M a r k s D i t c h im p r o v e m e n t b o n d s . 0 I r received on A u g. 6 for the 8149,984 w ater-w ork s and elec 2 .. 4 0 00 55 %% cc oo uu pp o o n n J B o ln a e c s k D D i ti ct ch h i m m p pr o ov ve em m e en nt t b bo on nd ds s. . 1 9 tric-light debentures offered on th at day (V . 83. p. 54) was 2 . 3 0 0 5 % c o u p o n H a f e y D i t c h i m p r o v e m e n t b o n d s . c o u p o n D o u g l a s R o a d i m p r o v e m e n t b o n d s that o f W o o d , G u n d y it Co. o f T o ro n to for $153,256 and 9 , 8 0 0 5 % 3 .4 0 0 5 % c o u p o n K i l b u r y R o a d i m p r o v e m e n t b o n d s accrued interest. A u th ority S ections 4479, 4481, 4482 and 4846 o f the Itta B ena, L eflore C ou n ty, M is s .— Bond Sale.— On A ug. R evised Statutes. Securities w ill b e d ated Sept. 10 1906. 10 the $15,000 5 % 1 8 ^ -y e a r (average) co u p o n sch ool-b u ild Interest sem i-annually a t the office o f the C oun ty Treasurer. ing bon d s described in V. S3, p. 174, were aw arded to T hos. M aturity one b o n d o f each issue ev ery six m on th s from J. B olger & Co. of Chicago at 100.10 and accru ed interest. March 1 1907 to Sept. 1 1911 in clusive. E ach b id d er will Jack son C ou n ty (P . O. M arianna'), F la .— Bonds Offered at be required to d ep osit w ith the C ou n ty Treasurer cash to Private Sale.— R egarding the $60,000 4 % 30-year cou pon the am ou n t o f 5 % o f the b o n d s b id fo r. A ccru ed interest cou rt-h ou se bon d s awarded on A pril 19 to C. H . Coffin of to be paid b y purchaser. These b o n d s were offered as 4s C hicago, but su bsequ ently refused b y him (V . 82, p. 1456), on A ug. 13 b u t w ith ou t success. we are in form ed that these securities will n ot be re-adver M arion C ou n ty (P . O. M a r io n ), O h io .— Bond Offering .— tised b u t will be sold p riv a tely b y J. D . S m ith, A ttorn ey . Proposals w ill be received until 12 m . to -d a y (A u g . 18) b y Josephine C ou n ty (O re.) S ch ool D istrict N o. 7 .— Bond the B oard o f Free T urnpike D irectors, care o f John H . Clai-k, Sale.— On A ug. 7 the 815,000 5 % 10-20-year (option al) Prosecuting A tto rn e y , fo r $9,000 5 % cou p on H in am on Free gold sch ool-bu ild in g b on d s described in V . 83, p . 114, were Turnpike R o a d b on d s. A u th o rity S ection 4808 o f the R e awarded to X . W . H arris & Co. o f Chicago at 102.666 and vised Statutes. D ate o f bon d s A u g. 1 1906. In terest accrued interest— a basis o f a b ou t 4 .6 6 4 % to the optional March 1 and S ept. 1 a t the office o f the C oun ty T reasu rer. date and 4 .7 9 1 % to full m a tu rity . F ollow in g are the bids: M aturity as follow s: X tV. H arris & C o.. C b ic . .5 1 5 ,4 0 0 G e o . H . T ild e n , S e a t t le ___ 15,381 M orris B r o s ., P o r t l a n d ___ 1 5 ,3 5 7 M a cD o n a ld ,M cC o y & C o .,C h 15,1 81 00 R . K le y b o lt e & C o ., C h ic_ $ 1 5 ,1 0 5 00 00 C . H . C o ffin , C h ic a g o ____ 1 5,0 76 00 00 E .H .R o llin s & S o n s ,D e n v e r . 15,0 18 75 00 K en n ed y S ch ool D istrict (P . O. K e n n e d y ), K ittson C o u n ty ,M in n .—Price Paid for Bonds .— W e are in form ed that the price paid b y the State o f M innesota fo r the $2,500 4 % sch ool-bu ild in g bon d s m en tioned in V . 83, p. 289, was par. The aw ard was m ade July 16. D en om in ation s: tw o bon ds o f 8250 each and one b o n d fo r 82,000. D ate J u ly 16 1906. Interest annual. M atu rity one b o n d on July 1 in each of the years 1923, 1924 a n d “l9 2 5 . K in g w o o d , P reston C ou n ty, W . V a .— Bond Offering.— J. M. K in g, T ow n R e co rd e r, w ill receive prop osals at any tim e for the 87,000 5 % cou p on electric-lig h t-p la n t bon d s recently v o te d b y this place. D en om in ation $500. Date July 21 1906. Interest p a ya b le at the B ank o f K in g w ood . M aturity “ an y tim e after eight y e a rs .” B on d ed d eb t, not including this issue, $8,000. Assessed va lu a tion , $800,000. Lahom a S ch ool D istrict N o. 61 (P . O. L a h o m a ), Garfield C ounty, O kla. — Bond Sale .— W e are in form ed th at the sch ool-bu ildin g bon d s recen tly v o te d bj*- this district have been placed. L a k ew ood , C uyahoga C oun ty, O h io .— Bond Offering.— Proposals will be received until 12 m . Sept. 5 b y B . M. C ook, Village Clerk, for the follow in g bon ds: $ 13 ,2 0 0 5 % 5 ,0 0 0 5 % 4 ,2 9 9 5 % 3 ,2 0 0 5 % M ars A v e n u e p a v in g a ss ess m en t b o n d s . K y le A v e n u e w a te r -m a in a ssessm en t b o n d s . S u m m it A v e n u e g r a d in g a ssessm en t b o n d s . G la d y s A v e n u e w a te r -m a in a ssessm en t b o n d s . The above bon ds are dated Sept. 1 1906. Interest annual. M aturity one-tenth o f each issue y ea rly from O ct. 1 1907 to O ct. 1 1916, inclusive. Certified ch eck for 5 % o f the bon ds bid fo r, payable to the V illage Treasurer, is required. A c crued interest, to be paid b y purchaser. Bonds Authorized.— T he V illage C ouncil on A ug. 6 passed a resolution to issue $6,500 5 % fu n din g-w ater b on d s. De nom ination 8500. Date A pril 1 1906. Interest sem i-an nually at the Cleveland Trust Co. in C leveland. M aturity $•700 each six m onths from O ct. 1 1907 to O ct. 1 1913, in clusive . L ineville, W ayn e C ounty, I o w a .— Bond Sale.— T his tow n recently disposed o f 82,500 funding b on d s. L ocklan d, H am ilton C ounty, O h io .— Bond Sale. — On A ug. 13 the $80,000 4 % 40-year cou p on sew erage b o n d s described in V. 83, p . 174, were aw arded to W eil, R oth & Co. o f Cin cinnati at 101.65 - a basis o f a b ou t 3 .9 1 9 % . F ollow in g are the bids: A '-II. R o th & C o .. C ln c in .J 8 1 .3 2 0 .S eason good It M a y er, C in e 8 1 .2 5 2 ■ ent 1 T r. * S afe D t p . C o ., C in cin n a ti . . . . . 8 1 .1 8 5 P r o v . S a v s. B k. ec T r . C o . . C in c in n a t i.. . . . . . . . . 8 1 .0 0 0 00 A . K le y b o lt e &’ C o :, C in cln .S 8 0 .6 5 0 80 W e s t ’ n G e r m . B k ., C in cln 8 0 .5 1 7 R . K le y b o lt e & C o .. C in cln . 8 0 .4 0 2 00 C in cin n a ti T r u s t C o . . C in e . _ 8 0 ,0 5 0 00 L ouisa, L ouisa C oun ty, V a .— Bonds Voted.— Bond Offer ing .— B y a v ote o f 28 to 1 this tow n on A u g. 9 authorized i $6,000 5^? sidewalk bonds tnenl ^ • .33, p. 22 S. M aturity 8100 yearly from 1911 to 1920 $ 3 5 0 ._ _ _M _ 3 5 0 . . . 3 7 5 . _. . 3 7 _5 _ S 4 0 0 . __ _ M 4 0 0 - . 4 0 0 - . - c M e c _ h .1 c h1 p t. h . . 1 9 0 7 S e p t . 1 9 0 8 1 1 1 9 0 19 4 S e p t . . M c h . $ 4 2 5 - - _ 1 -1 1- 9M 0 c7 h . 4 2 5 - _ . 9 0 8 4 5 0 5 0 - - . . 1 1 9 0 9 1 1 1 9 1 0 _ 1 9 1 0S e p $_ .5_ 0M 0 c - h_ .1 1 9 1 4 t . _ 4 12 5 1- 9_ 1 _ 1, S e p t .5 10 90 1 .14 . . . S e p. t. . - M c1 1h1 9 9. 1 1 1 5 1 5 2 _ _ . _ . _ M_ c hS . e p t 1.1 9 1 15 19 1 2 S e p t . 1 1 M9 c h .1 1 9 1 5 6 2 o . _ 1 2 1 49 7 635 5. 0- _. . ._ . . S M p 1ct .h 1 . 9 1 6 1 - e 4 7 5 - . - „ S e p t . 1 Certified ch eck on som e b a n k in M arion for $100, p a y a b le to the B oard o f C om m issioners, is req u ired . B on d s will be delivered A u g. 25. A ccru ed in te re st to b e paid b y purchaser. M aroa, M a co n C ou n ty , 111.— Bond Offering. — P roposals will be received u ntil 12 m . S ept. 1 b y R . D . B olen , City Clerk, fo r $4,000 6 % cou p on w a ter-w ork s exten sion bon d s. D enom ination $1,000. D ate A u g . 1 1906. Interest an nually on M arch 1 in M aroa. M a tu rity , $1,000 yearly from M arch 1 1908 to M arch 1 1911, in clu siv e. Certified check for 1 2 )4 % o f bon d s b id fo r , p a y a b le to th e City Clerk, is required. B on d ed d eb t at present $ 1,000. Assessed va lu a tion $149,281. M a rsh field, W is .— Bond Offering.— P rop osa ls will be re ceived until 4 p . m ., S ept. 4, b y M. G . F leek en stin e, City Clerk, for $35,000 4 ) 4 % cou p on w ater and ligh t b on d s. D enom ination $1,000. D ate S ept. 1 1906. In terest March and S eptem ber at M arshfield or at the W iscon sin T rust Co. in M ilwaukee. M aturity $5,000 yea rly on Ma: :;h 1 from 1910 to 1916 in clusive. Certified ch eck fo r $ 1 ,000, p a ya b le to the City Treasurer, requ ired . B on d ed d e b t, Including this issue, $83,000; floating d e b t, $20,000. Assessed valu ation 1905, $2,893,247. M a son C ity, M a so n C oun ty, 111.— Bond Sale. — On July 30 $11,000 4 ) 4 % 1-11-year (serial) cou p on ele ctric-lig h t bon d s were aw arded to R u d olp h K le y b o lte & Co. o f C incinnati for $11,032 50— a basis o f a b o u t 4 .4 4 4 % . D en om in ation $1,000. D ate J u ly 20 1906. In terest an nu ally at the F arm ers’ State B ank in Mason C ity. M a y field T ow n sh ip S ch ool D istrict (P . O. W ils o n M ills ), C uyah oga C ou n ty , O h io .— Bond Sale.— On A u g. 14 the $8,000 5 % 1-8-year (serial) cou p on sch ool-b u ild in g bon d s described in V . 83, p. 228, were aw arded to R ogers & Son of Chagrin Falls at 103.171 and accru ed in terest— a basis o f abou t 4 .2 2 % . T he bids were as follow s: R o g e r s & S o n , C h a g r in F a l H a y d e n , M i lle r & C o . . C i e v e L a m p r e c h t B r o s . & C o . ,1 i e C M id d leb orou g h , M a s s .— Bond l s $ 8 , 2 5 3 7 5 |D e n i s o n & F a . 8 , 2 5 2 0 0 ! N 8 ,1 2 w 5 F i r s t N e 6 0 v e 8 ,2 0 7 0 0 Sale. — On A u g. IJ the $20,000 4 % 1914-year (average) c o u p o n elec . -lig h t bonds described in V. 83, p . 340, were a w a rd e d to ju.se, Parker & Co. o f Boston at 100.35— a basis o f a b ou t ’ '7 4 % . Bids were also received fro m W . J. H a y e s & Sons o f Cleveland and B lod g et, M erritt & C o. o f B o s to n . N< bids were re ceived for the $33,000 s ch o o l b o n d s offeree t th e same tim e. Temporary Loan. On A ug. 1 1 a tem p ora ry o f .$33,000 was aw arded to J ose, Parker & Co. o f B oston it 4 .6 4 % dis cou nt. Loan m atures N ov . 1 1906. M ilw au kee, W is . Bond Sale. — On A u g. 15 $360,000 4 % 1-20-year (serial) sch ool b o n d s were awarded o the First THE CHRONICLE. 394 National Bank of Chicago at 100.33— a basis of about 3.961% . Following are the bids: First N at. Bank, Chlcago$361,188 0 0 1A . B. Leach & C o ., C h ic .$360,217 00 E . H . Rollins & Sons, Chi 301,012 0 0 1VV. J. Hayes & Sons, C le. 360,041 00 R . L. Day & C o., Boston 300,586 80 I M o b i l e , A l a . — Bond O ffering. — Proposals will be received until 12 m. Sept. 1 by Pat J. Lyons, Mayor, for the $195,000 5% 1-15-year (serial) coupon Government and Dauphin streets paving bonds mentioned in V. 83, p. 340. Denomi nation $500. These bonds besides “ being the direct and primary obligation of the City of Mobile, are also secured by lien upon the property abutting the streets to be paved.” M o n t e z u m a M o n t e z u m a V a lle y C o u n ty , Irrig a tio n C o lo .— D is trict (P . O . C o rte z), Bond S ale. — An additional issue [Y O L . LXXX1I.I P e k in a n d L a M a r s h D r a in a g e a n d L e v e e D is t r ic t , P e o r ia C o u n t y , 111.— D es c rip tio n o f B o n d s .— W e a r e i n f o r m e d t h a t th e $ 6 5 ,9 2 6 im p r o v e m e n t b o n d s r e c e n t ly a w a r d e d t o F a r s o n , S o n & C o . o f C h ic a g o , as s t a t e d u n d e r th e h e a d o f L a M a rsh D r a i n a g e D i s t r i c t in l a s t w e e k ’ s is s u e , a r e d a t e d J u l y 1 1 9 0 6 a n d b e a r 6 % in t e r e s t , p a y a b le s e m i-a n n u a lly . D e n o m in a tio n s : $ 1 ,0 0 0 a n d $ 5 0 0 , e x c e p t o n e b o n d o f $ 4 2 6 . M a tu r ity $ 1 ,9 2 6 J u l y 1 1 9 1 4 , $ 2 , 0 0 0 y e a r l y f r o m J u l y 1 1 9 1 5 t o J u l y 1 1921 in c lu s iv e a n d $ 5 0 ,0 0 0 J u ly 1 19 22 . P e n n Y a n , Y a t e s C o u n t y , N . Y , — Bond S ale .— O n A u g . 14 t h e $ 1 2 , 5 0 0 J a c o b S t r e e t p a v i n g b o n d s d e s c r i b e d in V . 8 3 , p . 3 4 1 , w e re a w a r d e d to th e C itiz e n s ’ B a n k o f P e n n Y a n a t p a r a n d a c c r u e d in te r e s t fo r 4 ^ s . A b id o f p a r a n d a ccru e d in t e r e s t fo r 4 ) ^ s w a s a ls o r e c e iv e d fr o m E n g lis h , S u lliv a n & C o. o f E lm ir a . B o n d s are d a te d S e p t. 1 1906. of $238,500 6 % irrigation bonds has been awarded to T. C. Henry & Sons Co. of Denver, making altogether $795,000 P e r r y a n d C a s t ile ( T o w n s ) U n io n F r e e S c h o o l D is t r i c t bonds awarded to that firm— the sale of $556,500 being re N o . 6 ( P . O . P e r r y ) , W y o m i n g C o u n t y , N . Y . — Bond Offer corded several weeks ago (V. 83, p. 115). These bonds are in g .— P r o p o s a l s w i l l b e r e c e i v e d u n t i l 7 p . m . A u g . 3 0 b y t h e taken over by the Denver firm in payment of the canal, B o a r d o f E d u c a t i o n f o r $ 3 0 , 0 0 0 s c h o o l - b u i l d i n g b o n d s a t franchises, rights-of-way, &c., of the Montezuma Water & n o t e x c e e d i n g 6 % i n t e r e s t . B i d s t o b e b a s e d o n b o n d s m a Land Co. and for the extension, completion and repair of t u r i n g D e c . 1 1 9 3 6 a n d o n b o n d s m a t u r i n g $ 2 , 0 0 0 y e a r l y said system, together with the construction of a reservoir b e g i n n i n g D e c . 1 1 9 0 7 . A u t h o r i t y S e c t i o n 1 0 , T i t l e 8 , C h a p for supplemental water supply. The Denver firm has the t e r 5 5 6 , L a w s o f 1 8 9 4 . D e n o m i n a t i o n $ 1 , 0 0 0 . D a t e O c t . entire contract for construction and has placed the bonds 1 1 9 0 6 . I n t e r e s t J u n e 1 a n d D e c . 1 in P e r r y . C e r t i fi e d through Watson, Preston & Co. of Chicago, the American c h e c k f o r 2 % o f a m o u n t b i d r e q u i r e d . O f f ic i a l a d v e r t i s e Trust & Savings Bank being the depositary. Securities are m e n t s t a t e s t h a t d e f a u l t h a s n e v e r b e e n m a d e o n p r i n c i p a l in denomination of $500. Date Aug. 20 1906. Interest o r in t e r e s t a n d t h a t t h e r e is n o c o n t r o v e r s y t h r e a t e n e d o r June and December. Maturity serially from ten to twenty p e n d i n g . T h e d i s t r i c t h a s n o b o n d e d d e b t a t p r e s e n t . years after date. A s s e s s e d v a lu a t io n $ 1 ,5 2 3 ,2 8 9 ; a c t u a l v a lu e (e s t im a t e d ) M o u n d s v ille , M a rs h a ll C o u n ty , W . V a . — Bond Election P roposed. — The question of calling an election to vote on the issuance of $100,000 sewer and funding bonds is being considered by the City Council. This item inadvertently appeared under head of Moundsville, Tex., in last week’s “ Chronicle.” N e o s h o , N e w t o n C o u n t y , M o . — Bond O ffering. — Proposals will be received until 8 p. m ., Aug. 29, by J. W . Hanson, City Clerk, for $40,000 4j^j% coupon water bonds. De nomination $500. Date Sept. 1 1906. Interest semi-annual. Maturity twenty years, subject to call on any interest paying date. Certified check for 2 % , payable to the city of Neosho required. N e w K e n s in g to n , W e s tm o r e la n d C o u n ty , P a . — Bonds Voted. — This borough on July 31 by a vote of 319 to 50 au thorized the issuance of $50,000 funding bonds. N o k o m is , M o n t g o m e r y C o u n ty , 111.— Bond Sale. — On Aug. 10 the $5,000 4 j^ % 1-20-year (serial) gold registered city-hall bonds described in V. 83, p. 290, were awarded to the Nokomis National Bank of Nokomis at 100.10— a basis of about 4.488% . N o r th H e m p s te a d (P . O . M in e o la ), N a ss a u C o u n ty , N . Y . — Bonds N ot Sold.— No disposition was made of $20,000 4% gold coupon bridge bonds offered by this town on Aug. 14. Authority Chapter 686, Section 69, Laws of 1892, as amended. Denomination $1,000. Date Aug. 1 1906. Interest semi annually at the Nassau County Bank in Mineola. Maturity $5,000 in 1916, $5,000 in 1921 and $10,000 in 1926. O a k le y , H a m ilto n C o u n ty , O h i o . — Bond O ffering. — Pro posals will be received until 12 m. Sept. 10 by W. E. Seilkop, Village Clerk, for the following bonds voted on July 14: $5,000 5,100 4.000 7.500 4% 4% 4% 4% sidewalk-construction (village’s portion) bonds. street-improvement bonds. water-works bonds. sewer bonds. Authority, Section 2835, 2836 and 2837 of the Revised Statutes. Denomination $100. Date Sept. 1 1906. Inter est semi-annual. Maturity Sept. 1 1936. Certified check for 5% of the bonds bid for, drawn on a national bank, and made payable to the village of Oakley, is required. Pur chaser to pay accrued interest. Orillia, Ont.— Debenture O ffering.— Proposals will be re ceived until 12 m. Aug. 22 b y C. E. Grant, Town Treasurer, for the following debentures: $ 35,000 4 ) 4 % coupon debentures maturing part yearly for thirty years. 4 5 .000 4 J4 % coupon debentures maturing part yearly for thirty years. 25.000 4 l % coupon cement-walk debentures maturing part yearly for A twenty years. Interest annually at the Traders’ Bank in Orillia. The $35,000 and the $45,000 issues above are guaranteed by the County of Simcoe. P a rtrid g e D ra in a g e a n d L e v e e D is trict (P . O . C h illico th e ), 111.— Bond O ffering. — Proposals will be received until 2 p. m. Aug. 24 by H. C. Pettett, Attorney, for $90,000 6% coupon bonds. Denomination $500. Date June 1 1906. Interest annual. Maturity from five to twenty-five years, unpaid bonds being subject to call after ten years. Bonded debt, this issue. P a tc h o g u e o f U n io n B r o o k h a v e n (P . F re e O . S ch o o l D is trict P a tc h o g u e ), N o . S u ffo lk 24 o f th e C o u n ty , N . T o w n Y . — Bond O ffering. — Proposals will-be received until 12 m. Aug. 28 by C. Fremont Howell, Clerk Board of Education, for the following bonds: $8,000 bonds at not exceeding 5 % interest. Maturity $1,000 Jan. 1 1907, $1,000 Jan. 1 1908 and $500 yearly on Jan. 1 from 1909 to 1920 inclusive. 2.500 bonds at not exceeding 5 % interest. M aturity $500 yearly on Jan. 1 from 1909 to 1913 inclusive. Interest Jan. 1 and July 1. Certified check for 10% of the amount bid required. Bids will be opened 7:30 p. m. Aug. 28. $ 2 , 2 5 0 ,0 0 0 . P e r t h A m b o y , M i d d l e s e x C o u n t y , N . J . — Bond O ffering. — P r o p o s a l s w ill b e r e c e i v e d u n t i l 8 p . m . A u g . 2 0 b y A . C . S o fie ld , C ity T r e a s u r e r , f o r th e f o llo w in g b o n d s : $160,000 4 ) 4 % 49,000 4 % 6-year coupon assessment bonds. 30-year coupon school bonds. D e n o m in a tio n $ 1 ,0 0 0 . D a te S e p t. 1 1906 In te re st s e m i-a n n u a lly a t t h e o ffic e o f th e C it y T r e a s u r e r . S ch ool b o n d s m a y b e c o n v e r t e d in to r e g is te r e d b o n d s a t th e r e q u e s t o f th e h o ld e r . B i d s f o r e a c h is s u e m u s t b e a c c o m p a n i e d b y a c e r t ifie d c h e c k f o r $ 1 ,0 0 0 , p a y a b le t o t h e C it y T r e a s u r e r . B o n d s w ill b e e n g r a v e d u n d e r t h e s u p e r v i s i o n o f t h e U n i t e d S ta tes M o rtg a g e & T r u s t C o. o f N ew Y o r k C ity , w h o w ill a ls o c e r t i f y t o s a m e . D e liv e r y o f s e c u r itie s S e p t. 1 1 9 0 6 . B id s t o b e m a d e o n b la n k s fu r n is h e d h t” th e c it y . P h o e b u s , E l i z a b e t h C i t y C o u n t y , V a . — Bond O ffering .— P r o p o s a ls w ill b e r e c e iv e d u n t il 7 p . m . A u g . 2 9 b y th e F i n a n c e C o m m it t e e f o r $ 4 0 ,0 0 0 5 % c o u p o n p a v in g b o n d s . A u th o r ity C h a p te r 1 4 8 , L a w s o f 19 06 . I n te r e s t s e m i-a n n u a l l y in P h o e b u s . M a tu r ity t h ir t y y e a r s . B o n d s are ta x -e x e m p t. C e r t i fi e d c h e c k f o r $ 5 0 0 , p a } ra b l e t o t h e T o w n T r e a s u r e r , is r e q u i r e d . L . P . F u r n e s s is M a y o r . B onded d e b t a t p r e s e n t $ 9 ,0 0 0 . A s s e s s e d v a lu a t io n f o r 1 9 0 6 $ 7 3 6 ,955. P i q u a , M i a m i C o u n t y , O h i o . — Bond O ffering . — P r o p o s a l s w ill b e r e c e iv e d u n t il 12 m . A u g . 31 b y B e r t A . R e e d , C it y A u d it o r , f o r $ 3 0 ,0 0 0 4 % c o u p o n s t r e e t -im p r o v e m e n t b o n d s . A u th o r ity S e c tio n 2 8 3 5 o f th e R e v is e d S ta tu te s a n d o r d i n a n c e p a s s e d b y t h e C o m m o n C o u n c il o n J u n e 2 5 ( V . 8 3 , p . 5 5 ). D e n o m in a tio n $ 5 0 0 . D a te S e p t. 1 1906. In te re st s e m i-a n n u a lly a t th e I m p o r t e r s ’ & T r a d e r s ’ N a tio n a l B a n k in N e w Y o r k C i t y . M a tu r ity te n y e a r s . C e r tifie d c h e c k fo r 5 % o f th e b o n d s b id fo r , d r a w n o n a n a tio n a l b a n k a n d m a d e p a y a b l e t o t h e C i t y T r e a s u r e r , is r e q u i r e d . P u rch a ser to p a y a c c r u e d in te r e s t . R a t o n S c h o o l D is t r ic t N o . 11 (P . O . R a t o n ), C o lfa x C o u n ty , N . M . — B id s . — F o l l o w i n g a r e t h e b i d s r e c e i v e d o n A u g . 6 fo r th e $ 1 0 ,0 0 0 5 % 2 0 -3 0 -y e a r (o p t io n a l) c o u p o n b u ild in g b o n d s a w a r d e d , a s s t a t e d la s t w e e k , t o th e F ir s t N a t io n a l B a n k o f R a to n : First National Bank, R a to n _$ 1 0 ,1 6 0 1W m . E . Sweet & C o .. DenC. H. Coffin, Chicago________ 1 0 ,0 5 1 1 ver ----------------------------------- $10,037 50 N at. Bank of New M e x ., R aton lO ,0 4 0 1P. B. Coffin, Chicago_____ 10,027 50 R a v e n n a , B u f f a l o C o u n t y , N e b . — Bonds Voted . — A v o t e o f 1 3 9 “ f o r ” t o 51 “ a g a i n s t ” w a s t h e r e s u l t o f t h e e l e c t i o n h e l d J u l y 31 o n t h e q u e s t i o n o f i s s u i n g t h e $ 4 , 2 5 0 5 % 5 - 2 0 y e a r (o p t io n a l) g a s -lig h tin g a n d h e a tin g -p la n t b o n d s m e n t i o n e d in V . 8 3 , p . 2 3 0 . D a t e o f s a le n o t y e t d e t e r m i n e d . R e a d i n g , H a m i l t o n C o u n t y , O h i o . — Bond O ffering .— P r o p o s a ls w i l l b e r e c e i v e d u n t i l 12 m . S e p t . 8 b y J o s . R . V e d d e r , V illa g e C le r k , f o r $ 7 ,8 0 0 3 ) ^ % B e n s o n S t r e e t im p r o v e m e n t (v illa g e ’s p o r tio n ) b o n d s . A u t h o r it y S e c tio n 2 8 3 5 o f th e R e v is e d S ta tu te s . D e n o m in a tio n $ 5 0 . D a te J u ly 1 19 06 . I n te r e s t s e m i-a n n u a l. M a tu r ity t w e n ty y e a r s . C e r t i fi e d c h e c k f o r 1 0 % o f t h e b o n d s b id f o r , p a y a b le t o t h e V illa g e T r e a s u r e r , is r e q u i r e d . A c c r u e d in t e r e s t t o j b e p a i d b y p u r ch aser. R i d l e y P a r k , D e l a w a r e C o u n t y , P a . — Bond E lection .— O n A u g . 2 3 a p r o p o s i t i o n t o is s u e $ 2 2 , 0 0 0 4 % 3 0 - y e a r s t r e e t a n d s e w e r -im p r o v e m e n t b o n d s w ill b e s u b m it t e d to th e v o t e r s o f t h is p l a c e . R o c h e s t e r , - N . Y . — Temporary L oa n . — T h i s c i t y r e c e n t l y a w a r d e d $ 1 0 0 ,0 0 0 8 - m o n t h s l o c a l - i m p r o v e m e n t n o t e s t o t h e R o c h e s t e r S a v in g s B a n k — $ 5 0 ,0 0 0 a t 4 .8 0 % a n d $ 5 0 ,0 0 0 a t 4 .9 0 % a n d $ 1 0 p r e m iu m . T h e b id s w e re as fo llo w s : Rochester S a v in g s /$ 5 0 ,0 0 0 _ _ 4 .8 0 % Bank, R ochest_aj 5 0 ,0 0 0 _ _ 4 .9 0 % Broadway Savs. In stitution, N . Y ___ ($25,000) 5 .0 0 % a And $10 premium. Bond & Goodwin, B oston___5 .3 7 5 % Goldman, Sachs & C o ., N . Y a 5 .3 8 % IS 1906. j A ug. R u s h fo r d S c h o o l D is t r ic t (P . O . R u s h f o r d ) , Rond E le c tio n P r o question of calling an election to vote on the issuance of $40,000 city-hall bonds is being considered. S c r ib n e r , D o d g e C o u n t y , N e b . — B o n d O f f e r i n g . —Propos als will be received until 7 p. m. Aug. 25 by Hal Christy, t illage Clerk, for the $20,000 water and $6,000 light 5% registered bonds mentioned in V. 83, p. 291. Denomination $1,000. Date Aug. 1 1906. Interest annually at the office of the Village Treasurer. Maturity twenty years, subject to call after five years. Certified check for $1,000 required. Bonds are exempt from taxation. Bonded debt, this issue. S a n P e d r o , L o s A n g e l e s C o u n t y , C a l .— F illm o r e p o s e d .—The —B o n d S a l e . —We have just been advised that this district on July 30 awarded $5,000 5% school building bonds to D. J. Tew of Rushford at 102.50—a basis of about 4.482%. Denomination $500. Date July 2 1900. Interest annually on July 1. Maturity $500 yearly on July 1 front 1907 to 1916 inclusive. S a g in a w , M i c h . —B o n d Of fering. —The following assess ment bonds are being offered at par and accrued interest by Wm. Seyffardt, City Comptroller: C o u n t y , 395 TH E CHRONICLE. M i n n . $ 10 ,0 0 0 3 H % sidewalk bonds dated July 1 1906. Denomination $ 1 .000. 4,800 3 H % sidewalk bonds dated July 1 1906. Denomination $600. 7.000 3>9 % street-Improvement bonds dated Aug:. 1 1906. Denomina tion $1,000. 3.000 3>-4% street-improvement bonds dated Aug. 1 1906. Denomina tion $200. 4,500 8 >9 ® street-improvement bonds dated Aug. 1 1906. o Denomina tion $500. 20.000 3 t » % sidewalk bonds dated Aug. 1 1906. Denomination $1,000. 4.000 3 U % sidewalk bonds dated Aug. 1 1906. , Denomination $400. 10.000 3 “ ,% street-improvement bonds dated Aug. 25 1906. Denomina tion $1 000. 000 3 > % street-improvement bonds dated Aug. 25 1906. Denomina tion $800. 0,000 3 U % street-improvement bonds dated Aug. 25 1906. Denomina tion $500. S e a t t le , W a s h . — B o n d O f f e r i n g .—Proposals will be re ceived until 10 a. m. Sept. 1 by H. W. Carroll, City Comp troller, and ex-officio City Clerk, for the $500,000 coupon park bonds recently declared valid by the State Supreme Court (see V. 83, p. 230). Interest not to exceed 4%, payable semi-annually. Denomination $1,000. Date, day of issue. Maturity “ not exceeding twenty years.” Certi fied check on some bank in Seattle for $12,000, payable to the City Comptroller, is required. Maturity from one to ten years. Securities are tax exempt. C h a r le s , K a n e C o u n t y , 111.— B o n d S a l e . —This city T h e o f fic ia l n o t ic e o f th is b o n d o f fe r i n g w ill be fo u n d a m o n g recently awarded $8,000 water bonds to the St. Charles Na the a d v er tis em e n ts els ew h e re in th is D e p a r t m e n t . tional Bank. S h a d y G r o v e S c h o o l D i s t r i c t , S a n J o a q u in C o u n t y , C a l .— S a le m , M a s s . —B o n d s A u t h o r i z e d . —This city recently authorized the issuance of $300,000 4% high-school bonds. B o n d S a l e .—On Aug. 7 $500 of an issue of $1,000 6% repair Denomination $1,000. Date July 1 1906. Interest semi bonds offered on that day were awarded to Cynthia E. Mc annually in Boston. Maturity $15,000 yearly from 1907 Williams at par. Denomination $100. Date Aug. 7 1906. Interest annual. Maturity $100 each year from Aug. 1 1907 to 1926, inclusive. to Aug. 1 1911, inclusive. S a n d p o in t ’ S c h o o l D is t r ic t N o . 3 (P . O . S a n d p o in t ), K o o t e n a i C o u n t y , I d a h o . —B o n d S a l e . —On Aug. 1 $30,000 10S h e lb in a , S h e lb y C o u n t y , M o . — B o n d E l e c t i o n .—It is 20-year (optional) building bonds were awarded to the State stated that this town is arranging for an election to vote of Idaho at par for 5s.^Following are the bids: on the question of issuing bonds for water works and sewer State of Idaho (for 5s)____ $30,000 00; John Nuveen & Co., Chic. age purposes. S t. MacDonald. McCov & Co., (for 6s)---------------------------$30,606 00 Chicago (for 5 ' - s ) . ___ 30,091 00 Spokane & EasternTr. Co. Otis & Hough, Cleveland Spokane (for 6s)------------- 30,291 00 (for 6 s ) ___ ___ 31,587 0 0 1Trowbridge & Niver Co., j Chicago (for 6s)________ 30,078 50 Denomination $1,000. N E W Date July 30 1906. N E W L O A N S . o f S e a t t l e , L O A N S . N E W # S 5 ,0 0 0 ^ 5 0 0 ,0 0 0 C i t y S h e r id a n , S h e r id a n C o u n t y , W y o . — B o n d O f f e r i n g . — P r o posals will be received until Sept. 1 by the|Mayor and Finance Committee at the office of E. W. Long, Town Clerk, for the following bonds: W a s h . , A N N A PARK BONDS. Xotice is hereby given that the negotiable bonds of the City of Seattle, to the amount of $5(10,000 00, issued under the provisions of Ordi nance No. 13,188 of the City of Seattle, for the purpose of providing money for the purchase and Improvement of land for Parks, Parkways and Playgrounds, and for the payment of existing indebtedness Incurred in the purchase of prop erty for Parks, Parkways and Playgrounds, will be sold by the City of Seattle to the highest and best bidder, as hereinafter provided, and that sealed bids will be received by the undersigned, City Comptroller and ex-Officio City Clerk of the City of Seattle, at his office In said city, until SA T U R D A Y . SEPTEM BER 1st, 1906, at the hour of 10:00 o'clock A . M. Said bonds will bear interest at a rate not exceeding 4 per cent per annum, and will be issued in denominations of $1,000 00 each, and will bear date as of the date they are actually issued to the successful bidder. Said bonds shall be payable by their terms not exceeding twenty years after the date of their issue. Said bonds will be delivered to tne successful bidder. Interest will be paid on said bonds at the rate provided in the bid ac cepted, and interest coupons for the payment of such interest semi-annually will be attached to said bonds. Each bid must be accompanied by a certified check on some bank in the City of Seattle, payable to the undersigned, for Sll'.nOO 00, which will be returned If the bid is not accepted: If accepted, it will be applied upon the purchase price of the bonds. Right Is reserved to reject any and all bids. All bids will be opened and considered by the corporate authorities at the office of the City Treasurer In the City of Seattle, on Saturday, the 1st day of September, 1906, at the hour of 2:00 o’clock P. M. Further particulars will be given by the undersigned upon application. Dated at Seattle, Washington, this 21st day of July, 1906. H. W . CARROLL City Comptroller and ex-Officio City Clerk. P O 4% L I S G R A D E L I»t» u p o n O A N S . ________ § 5 3 ,0 0 0 , M D , BONDS T I C O N D E R O G A , N . Y ., U n io n F r e e S c h o o l D is t r i c t N o . 5 SCHOOL SEALED PROPOSALS Will be received by the Mayor, Counsellor and Aldermen of the City of Annapolis, to be opened at 12 o’clock noon, September 4th at the Council Chamber in Annapolis, for $25,000 bonds of the City of Annapolis. Cannot be sold for less than par. Said are to be Issued in flve-year series, dated October 1st 1906, for $5,000 In each series, $1,000 each, bearing interest at 4 % . Assessable basis, $3,800,000. Tax rate, 90 cents per $100. Bonded indebtedness, $158,000, of which $13,000 will be paid in 1907. In sinking fund, $37,123 46. For further Information, ad dress JOHN DE P. D O U W , Mayor. BONDS Sealed proposals received up to two P. M ., AUGUST 22 1906. Address to W . W Richards, Treasurer, Ticonderoga, N. Y. Rate 4% Payable semi-annually May 1st and Nov. 1st. $2,000 due May 1st 1917 and $2,000 each year on May 1st for 24 years and $3,000 on May 1st, 1942. Principal and interest payable at National Bank of North America, N. Y . City. W . L. G ILSO N, Clerk. H. W . NOBLE C O M P A N Y . & D e t r o it . E R V I N C O & M P A N Y , N ew Y ork. (N e w York Stock Exchange, em ers ^Philadelphia Stock Exchange. H ONDS F O R P h il a d e l p h ia . M U N IC IP A L AND BANKERS, P U B L IC S E R V IC E C O R P O R A T IO N B O N D S . IN V E S T M E N T . 43 Exchange Place, Drexel Building, N ew York. Philadelphia. T r o w b r i d g e & N i v e r C o . MUNICIPAL AND PUBLIC SERVICE B O N D S . M U N I C I P A L CHICAGO, AND P u b lic S e r v ic e BOSTON, 1st N a t. Bank B ld g . 6 0 State Street C o r p o r a tio n M a c D o n a ld , B O N D S . H I G H L M c C o y & C o ., B O N D S re q u e st. E . H . R O L L I N S & S O N S . M U N IC IP A L AM D C O R P O R A T IO N B O ST O N . D e n i s o n b o s t o n & F a r n s w o r t h , and DenTer. Chicago. San Francisco. 1 8 1 La Salle Street, Chicago. CLEVELAN D. m u n i c i p a l Blodget, Merritt & C o , a n d PUBLIC FRANCHISE CORPORATION BONDS B o u g h t a n d H o ld . B O N D S . B A N K E R S , 16 Congress Street, Boston. K . t u h l l . h . d 1H H 5. H. C. Speer & Sons Co. F l i n t N a t B a n k B a l l d i n g , C h ic a g o . KASHA C 8 T R E K T , N E W Y O R K . W . J. H A Y E S C L E V E L A N D . O H IO . & S O N S , B O U T O N , IYIAH8. STATE, CUT * RAILROAD BONDS. C IT Y C O U N T Y AN D T O W N 8 H IP B O N D S . 396 [VOL. THE CHRONICLE. $8,000 10-20-year (optional) coupon sewer-system bonds at not exceeding !>% Interest. Certified check for $500 required. 20,000 10-80 year (optional) coupon water-works bonds at not exceeding 0 % Interest. Certified check for $1,000 required. D e n o m in a tio n $ 5 0 0 . D a t e S e p t . 15 1 9 0 6 . In te re st J a n . 1 a n d J u l y 1 a t t h e C h e m i c a l N a t i o n a l B a n k in N e w Y o r k C i t y . C e r tifie d c h e c k s m u s t b e m a d e p a y a b le t o th e T o w n T r e a s u rer. S h iaw assee C ou n ty (P . O . C oru n n a), M i c h .— Bond Elec tion .— A s p e c i a l e l e c t i o n h a s b e e n c a l l e d , i t is s t a t e d , t o v o t e o n th e q u e s t io n o f is s u in g $ 6 7 ,0 0 0 c o u r t - h o u s e fu n d i n g b o n d s . S ou th a m p to n U n io n Free School D istrict N o . 6 (P . O . S o u th a m p to n ), Suffolk C ou n ty, N. Y . — Bond O ffering. — P r o p o s a ls w ill b e r e c e iv e d u n til 4 p . m . A u g . 2 8 b y th e B o a r d f o r $ 7 ,5 0 0 4 % c o u p o n im p r o v e m e n t b o n d s . D e n o m in a t io n $ 1 ,0 0 0 , e x c e p t o n e b o n d f o r $ 5 0 0 . D a te S e p t. 1 1906. In te r e s t a n n u a lly o n N o v . 1 a t th e S o u th a m p to n Bank. M a t u r it y $ 1 ,0 0 0 e a c h y e a r fr o m 1 9 14 t o 1 9 2 0 in c lu s iv e a n d $ 5 0 0 in 1 9 2 1 . of E d u c a tio n S outh B o s t o n (T o w n ), H a lifa x C o u n ty , V a . — Bond Offer in g .— F u r t h e r d e t a i l s a r e a t h a n d r e l a t i v e t o t h e o f f e r i n g o n S e p t . 2 5 o f t h e $ 1 0 0 ,0 0 0 4 3 ^ % c o u p o n s e w e r a g e , w a t e r a n d s t r e e t - i m p r o v e m e n t b o n d s m e n t i o n e d in V . 8 3 , p . 2 3 0 . P r o p o s a ls w ill b e r e c e iv e d u n t il 3 p . m . o n t h a t d a y b y H e n r y E a s le y a n d J . J . L a w s o n , C o m m it te e . S e c u r itie s are d a te d O c t . 1 1 9 06 . I n te r e s t s e m i-a n n u a l. M a tu r ity th ir ty -fo u r y e a r s . i^Soufch S h o r e School D istric t (P . O . S ou th S h ore), C od in gto n ^ C o u n ty , S o . D a k . — Bond S ale .— T h i s d i s t r i c t r e c e n t l y d i s p o s e d o f a n is s u e o f b u i l d i n g b o n d s . ■ • i f ; Spokan e C o u n t y School D istric t N o . 37 (P . O . Spokane B . F . D . N o . 8 ) , W a s h .— Bond Sale. — O n A u g . 4 $ 2 , 5 0 0 5 -1 0 -y e a r (o p tio n a l) s c h o o l-b u ild in g a n d w a r r a n t-fu n d in g b o n d s w e r e a w a r d e d t o C o r a A . B u t l e r a t 1 0 0 .6 8 f o r 5 ) ^ s . T h e fo llo w in g b id s w e re r e c e iv e d : • iC D E Q ^ E j d Cora A . Butlei ( f o r a y s ) ______$ 2 ,5 1 7 | W m . D . Perkins & C o., SeatW ash . Trust C o ., Spokane I tie (for 6 s )___________________ $2,525 (for 5 )4 s ) ____________________ 2,512 j Spokane & Eastern Trust C o., Trust|& Title G o., Seattle (for | Spokane (for 6 s)____________ 2,525 -------- ------------------------ 2,500| • • • « « . . . , • T* . • • D e n o m in a tio n $ 5 0 0 . a n n u a l. D a te A u g . 15J1906. ^ I n t e r e s t s e m i IN V E S T M E N T S . L « D A Y & 3 N a ssau BO STON. NEW Springfield Savs. B k ., ___________ $15,200 Springfield Lagonda N at. B k ..S p rin g . 15,180 Brighton-Germ. B k .. Cine 15,161 Well Roth & Co. Clncln. 15 150 Street, YORK. MKBfBBBS Tecumseh, Okla.— Bond S ale. — O n A u g . 6 t h e $ 6 0 , 0 0 0 5 % 3 0 - y e a r w a t e r - w o r k s b o n d s d e s c r i b e d in V . 8 3 , p . 1 7 6 , w e re a w a r d e d to th e O k la h o m a B o n d & T r u s t C o . o f G u th r ie a t p a r a n d a c c r u e d in te r e s t. Tod Township (P. O. Osceola), Crawford County, Ohio.— Bond Sale. — O n A u g . 1 4 t h e $ 7 , 0 0 0 5 % c o u p o n r o a d - i m p r o v e m e n t b o n d s d e s c r ib e d in V . 8 3 , p . 2 9 1 , w e r e a w a r d e d t o t h e F ir s t N a t i o n a l B a n k o f B u c y r u s a t 1 0 9 .1 3 a n d a c c r u e d in te r e s t— a b a s is o f a b o u t 3 .9 7 8 % . T h e b id s w ere as fo llo w s : First N at. B k ., Bucyrus___ $ 7 ,639 Nevada D ep. B k ., N ev a d a . 7,6 0 5 Bucyrus City B k ., Bucyrus 7.5 3 0 Otis & Hough, C lev e la n d .. 7,5 0 0 Hayden, Miller &JCo., Clev 7,465 S. J. Kibler & B ro ., N ew W a s h in g to n _____________ 7,415 B O N D S . LIST ON APPLICATION. SEA80NG00D Verona, Allegheny County, Pa .— M aturity of B onds. — W e a re in fo r m e d t h a t t h e $ 1 7 ,0 0 0 4 % c o u p o n s t r e e t - im p r o v e m e n t b o n d s t o b e o ffe re d o n A u g . 29 m a tu re a s fo llo w s : & A C C O U N T A N T S . L Y B R A N D , R O S S K I N G , C o ffin & & B u r r , M u n ic ip a l State Street, MATES F. R. FULTON & CO., B o n d s. Certified Public Accountants (Pennsylvania) Stephen G irard Building. P H IL A D E L P H IA . W a ll Street Exchange Building, N EW Y O R K . T H O M A S B . D E A N , Successor to ARCHER & DEAN C E R T IF IE D P U B L IC A C C O U N TA N TS Wall 8treet Exchange Bldg., 4 1 -4 3 W a ll S t., NEW Y O R K . Telephone 4156 Broad. CERTIFIED PUBLIC ACCOUNTANTS Albert Kleybolte & C o., 4 0 9 W a l n u t S treet, C IN C IN N A T I, © . S e le c te d M U N I C I P A L B O N D S 52 B r o a d w a y , - - N ew Y o r k Special Department for Bank Examinations under the management of a National Bank Examiner of many years’ experience. LOOMIS. 00NANT & 00. C E R T IF IE D P U B L IC A C C O U N T A N T S 3 0 Broad Street New Y o r k . Tel, 4968 Broad. And other Hi<rh-Crade Investm ent Securities. C H I C A G O . & Wilkinson, Reckitt, Williams & Co. C a r e fu lly 181 LASALLE STREET. B R O S M O N T G O M E R Y BOSTON. <Here*nSllffl L ib r a r y B a l l d l n c , C IN C IN N A T I. 00 Tyler, Smith County, Tex. — Bonds Registered.— O n J u l y 30 $ 1 6 ,0 0 0 5 % r e fu n d in g b o n d s d a t e d J u ljr 2 1 9 0 6 w e r e r e g is te r e d b y th e S ta te C o m p tr o lle r . BANKERS, 60 00 00 00 50 t o is s u e $ 5 , 0 0 0 w a t e r n o t e s . W e are in fo r m e d , h o w e v e r , t h a t t h e s e s e c u r i t i e s w ill n o t b e o f f e r e d f o r a t l e a s t t h r e e m o n th s. INVESTMENT BONDS. MUNICIPAL AND RAILROAD 1 0 1Daniel K olb , Chatfiekl $7,401 00 W . J. Hayes & Sons, C leve. 7,308 00 New 1st N at. B k .,C o lu m b ’s 7,305 00 Lamprecht Bros. & C O ..C 1 . 7,301 00 Farmers’ Exch. Bank, New | W a s h in g to n ________ _____ 7.290 00 j Turners Falls Fire District (P. O. Turners Falls), Franklin County, Mass.— Notes Voted.— T h i s d i s t r i c t r e c e n t l y v o t e d Members of New York and Philadelphia Stock Exchanges. Private Wires to 7 5 7 -7 5 9 B read S t., N. Y. & Philadelphia. NEWARK. P e r r y , 00 00 08 00 Tahlequah, Ind. Ter.— Bonds D efeated. — W e a r e a d v i s e d u n d e r d a t e o f A u g . 10 t h a t t h is c i t y r e c e n t ly d e f e a t e d a p r o p o s i t i o n t o is s u e $ 5 0 , 0 0 0 w a t e r - w o r k s b o n d s . N E W Y O S X A N D BOSTON 8TOOK EXCHANGES. S T A T E , IIIOMM IPAL AND H IG H G R A D E R A I U d i J D SE C U R IT IE S. ; Denison & Farnsworth, 00, C l e v e la n d ... . . _$15,140 00|A . Kleybolte & C o ., C in e .15,075 50) W . .1. Hayes & Sous. Cleve 15,031 00) R . Kleybolte & Co. C ine. 15 015 Strathcona, Alta.— Debentures Not Sold. — W e a r e a d v i s e d th a t th e $ 1 6 ,0 0 0 4 j ^ % c o u p o n d e b e n t u r e s o f f e r e d o n A u g . 1 w ere n o t s o ld . M a t u r i t y p a r t y e a r l y f o r f i f t y jr n a r s. Specialists in New Jersey S ecu rities. E l S E L E B A N K E R S, §§■ C on gress S tr e e t, Springfield, Ohio.— Bond S ale. — O n A u g . 1 4 t h e $ 1 5 ,0 0 0 4 % 11 4 - 5 - y e a r ( a v e r a g e ) c o u p o n s t r e e t - i m p r o v e m e n t b o n d s d e s c r i b e d in V . 8 3 , p . 2 3 0 , w e r e a w a r d e d t o t h e S p r i n g f i e l d S a v i n g s B a n k o f S p r i n g f i e l d a t 1 0 1 .3 3 3 a n d a c c r u e d i n t e r e s t — a b a s is o f a b o u t 3 .8 6 % . F o llo w in g a re th e b id s : I N V E S T M E N T S . C O . , L X X X III. Full descriptions showing price and income J A M E S P A R K - & 0 0 ., on application. C E R T IF IE D P U B L IC A C C O U N T A N T S T he A m e r ic a n M f g . C o . 5 2 Broadw ay, New Y ork . 1 8 9 L a S a lle Street, Chicago. W h i t i n g P a p e r s CO RDAGE. 65 Wall Street, New 1850 1906 The United States Life Insurance Co. M AN ILA SISA L AN D JUTE York. IN THE JO H N F o r F lu e C o r r e sp o n d e n ce B N S S T O C K CERTIFICATES OO and for General Business Uses are standard, made in Ledger, Bond, Linen and Pine Writing in variety. ALBERT B. KING & CO., 206 Broadway, N .Y . W H I T I N G P A P E R C O ., New York, Philadelphia. C h ica g o . W U i Holyoke. M ass. Engraved on ateel or lithorgaphed, or partly printed and partly lithographed. Book of 100 certificates, steel-plate border, and seal press, $15: cheaper styles as low as $2 50 for a book of 50. P. C IT Y MUNN, OF NEW YORK. D ., P r e s id e n t M. Finance Committee JAMES R. PLUM_______________________ _____ Leather CLARENCE H . K EL SEY. Pres. Title Guar. 4 Tr. Oo. WM. H PO R TER.-Pres. Chemical National B an k .. --------------- f.-, Good men, whether experienced In life Insurance or not. may make direct contract* with this company for a limited territory If desired, and secure for them selves. in addlUon to first year's commission, a renewal Interest Insuring an Income for the future. Address th« Company at Its Home Office. No, 277 Broadway, New York City. A ug . 18 1906. 397 THE CHRONICLE. A m t. Yr. Yr. Am t. 1926 . . $ 1 , 0 0 0 1931 $ 1 .0 0 0 1927 500 1932 1,000 1928 500 1933 __ 1,000 1929 . . 1 . 0 0 0 193-1 500 1930 500 1935 1,000 1936 . . 1 0 0 0 W e l l s t o n S c h o o l D is t r i c t (P . O . W e l l s t o n ) , J a c k s o n C o u n t y , O h i o . — B o n d O f fe r i n g .—Proposals will be received V ir g in ia S c h o o l D is t r ic t (P . O . V ir g in ia ) , C a ss C o u n t y , 111. — B o n d O f f e r i n g . —Proposals will be received until 12 m. Aug. 2 0 by J. T. Robertson, Secretary Board of Education, for $ 2 ,0 0 0 coupon heating bonds. Bids requested for bonds W e s t S e n e c a U n io n F r e e S c h o o l D is t r i c t N o . 6 (P . O . W e s t S e n e c a ), E rie C o u n t y , N . Y . — B o n d S a l e . —The four A m t. $501) 500 500 500 500 Yr. 1908 1910 1912 1913 - 1914 __ Y r. 1915 . . 1910 . . 1917 1919 . 1920 . A m t. $500 500 500 500 500 Yr. 1921 1922 1923 1924 1025 .. .. .. _. .. A m t. $500 1.000 until 12 in. Aug. 28 by Richard C. Thomas, Clerk Board of Education, for $3,000 4}^% improvement bonds. Denomi nation $500. Date Aug. 28 1906. Interest semi-annual. See V. 83, p. 343, for other details of bonds and for Maturity from two to seven years. Certified check for 2% of the bonds bid for required. terms of offering. 500 500 500 bearing 4% interest and for bonds bearing 5% interest. Denomination $500. Date Sept. 1 1906. Interest semi annually in Virginia. Maturity one bond yearly beginning four years from date. The successful bidder will be required to deposit a certified check for $100 with the Secretary of the Board of Education. Bonded debt $3,000; floating debt issues of 1-25-year (serial) bonds of this district aggregating $107,500, offered but not sold on July 23, were awarded on Aug. 13 to Denison & Farnsworth of Cleveland at 106.06 for 5%s—a basis of about 4.384%. W h i t e P la in s , N . Y . — B o n d O f fe r i n g . —Proposals will be received until 8 p. m. Aug. 23 by the Board of Trustees for the following bonds: 53.000 4% fire-department bonds. $ 2 ,0 0 0 . W arren County (P . O . V ic k s b u r g ) , M i s s . — B o n d O ffe rin g . —Proposals will be received until 12 m. Sept. 4 by J. D. Laughlin, Chancery Clerk, for the S6.600 5% coupon bridge bonds mentioned in V. S3, p. 177. Authority Section 311, Codejof 1892, as amended by Chapter 125, Acts of 1904. Denominations: $500 and $100. Date Sept. 4 1906. Interestjannually in Vicksburg. Maturity twenty years, sub ject to call after five years. Certified check on a national bank for $500. payable to the Chancery Clerk, is required. Bonded debt, including this issue, $83,400. Assessed val uation 1906 $8,929,844. W a r r e n t o n , Fauquier C o u n t y , Va. — B o n d s V o t e d .—The election Aug. 7 resulted in favor of the proposition to issue $25,000 water-supply bonds. W a t e r lo o , Out.— D eb e n tu r e S a le .—This place recently awarded! §12,' ;> ± H % 30-year debentures to Wood, Gundy & Co.Tof/Toronto. W e lli n g t o n , S u m n e r C o u n t y , K a n . — B o n d E le c t io n .—The CityjCounc.il has decided to submit to a vote of the people the' question of issuing S15,000lbuilding, $20,000 waterimprovement and extension, $10,000 electric-light-plantimprovement ana $5,000 park bonds. 3.000 1.000 9.000 1.000 30.000 20.000 4% 4% 4% 4% 4% 4% refunding Railroad Avenue paving bonds. refunding bonds. refunding sewer bonds. refunding water bond. sewer bonds. macadamizing bonds Denomination $1,000. Interest semi-annual. Maturity Oct. 1 1936, except the macadamizing bonds, which mature $5,000 yearly on Aug. 1 from 1943 to 1946 inclusive. Certi fied check on a State or national bank or trust company for 5% of the amount bid required. John J. Brown is Presi dent of the Board of Trustees, and Peter Paulding, Clerk. The first six issues mentioned above were offered but not sold on July 25 (V. 83, p. 291). W o o d la n d , Y o lo C o u n t y , C a l.— B o n d s P r o p o s e d . —T h e City Trustees are considering the advisability of calling an election to vote on the question of issuing $46,000 improve ment bonds. W o r c e s t e r , M a s s . —T e m p o r a r y L o a n . —-This city recently borrowed $80,000 from Blake Bros. & Co. of Boston at 4.64% discount. Loan matures Oct. 15 1906. Y o r k , Y o r k C o u n t y , N e b .— B o n d s V o t e d .— -This place, it is stated, has voted to issue $20,000 paving bonds. M I S C E L L A N E O U S . E N G I N E E R S . OFFICE OF THE J . G . W H I T E E n g in e e r s , & C O . C o n tra cto rs, ATLANTIC MUTUAL INSURANCE COMPANY. 4 3 - 4 9 E x c h a n g e P la c e . • N E W Y O R K I i v e it is a t it iM a a i R eports on Electric R a ilw a y , Gan. Electric L ig h t, and P ow er Tvanam iasion Properties for F in a n c ia l In stitu tion s and In v esto rs. New York, January 23rd, 1906. The Trustees, in conform ity with the Charter of the C om pany, submit the following statement of its affairs on the 3is< of December 1905. Premiums on Marine Risks from 1st January, 1905, to 31st December, 1905______ $2,97.7,854 37 Premiums on Policies not marked off 1st January, 1906_____________________________ 616,551 57 Electric Railways, Electric Ligh t and Electrit Power Plants Financed, Designed and Built, Total Marine Premiums_______________________________________________________________ L/ondrm Correspondent: Interest received during the y e a r ______________________ $295,738 65 Rent, less Taxes and Expenses__________________________ 99,338 33 J. G. W H I T E dt € 0 . , L i m i t e d , •4.'2a C ollasa S i l l , Cannon S t. Canadian Correspondents: C A N A D I A N W H I T E C O ., L i m i t e d , M o n trea l. P r in c ip a l Pbif-tixpla 0 Office, M a n i l a , P . I . $3,594,405 94 Premiums marked off from 1st January, 1905, to 31st December, 1905______________ $3,012,213 96 $395,076 98 Losses paid during the year which were estimated in 1904 and previous years---------------------------- -----------------..$ 2 7 1 ,1 0 0 60 Losses occurred, estimated and paid in 1905___________ 827,295 95 $1,098,396 55 Less Salvages______________ ___________.$130,068 59 Re-insurances ______________________ ,. 35,947 85 166,016 44 $932,380 11 M I S C E L L A N E O U S . A tla n t ic M u t u a l' I n s u r a n c e C e m p a n y S e r lp nt A l l Y e a r n n a u g h t an d B o ld . J O H N M . G I L L E S P I E , Room No. 518 Atlantic Building, 49-51 Wall Street NEW YORK. R A N G E O F P R I C E S FO R 24 Y E A R S . 1 8 8 2 — 1 9 O0 . ou a ANNUAL r; THE FINANCIAL REVIEW Gives a monthly range a; Stock and Bond Prices for • Qve years. We can supply 1887 i.s.sue, which ves .u 1892 (C u . a 1896 it a . (( 1901 u u a 1906 a 1882-1886 1887-1891 1891-1895 1896-1900 1901-1905 ‘ PRICE $2 PER COPY. i. Some earlier issues may be had at $5 a copy. Commercial & Financial Chronicle 7 6 H P IN E ST R E E T ” N E W Y O E K Returns of Premiums_________ _____________ ___________________________ $80,615 47 Expenses, including officers’ salaries and clerks’ compensation, sta tionery, newspapers, advertisements, &c____________________ $374,746 88 The Company has the following Assets, viz.: United States and State of New York Stock, City, Bank and other Securities-$ 5,198,042 00 Special deposits in Banks and Trust Companies________________________ 1,583,212 84 Real Estate corner Wall and William Sts. and Exchange Place___ $4,299,000 00 Other Real Estate and claims due the C om pany.___________________ 75,000 00 4,374,000 00 Premium notes and Bills Receivable_______________________________ ___________ ______ Cash in the hands of European Bankers to pay losses under policies payable in foreign countries_______________________________________________________________ Cash in B ank.................- ............... ............................... — ............... - ............................................. 1,127,674 83 175,632 33 257,865 62 $12,716,427 62 Aggregating A dividend of Six per cent interest on the outstanding certificates of profits will he paid to the holders thereof, or their legal representatives, on and after Tuesday the Sixth of February next. The outstanding certificates of the issue of 1900 will be redeemed and paid to the holders thereof, or their legal representatives, on and after Tuesday the Sixth of February next, from which date all interest thereon will cease. The certificates to be produced at the time of payment and canceled. A dividend of Forty per cent is declared on the net earned premiums of the Company for the year ending 31st December, 1905, for which, upon application, certificates will be issued on and after Tuesday the First of May next. By order of the Board, Q. STANTON FLOYD-JONES, Secretary. GUSTAV AM SIN CK, FRAN C IS M. BACON. JOHN N. B EAC H , W IL L IA M B. BOULTON, VER N O N if. B R O W N . W A L D R O N P. B R O W N . JOSEPH H . C H APM AN. G EO R G E C. C L A R K , C L E V E L A N D H. DODGE, C O R N E L IU S E L D E R T . R IC H A R D H. E W A R T , E W A L D F L E IT M A N N , TRUSTEES. H E R B E R T L. GRIGGS, CLEM ENT A. GRISCOM, ANSON W . H A R D , MORRIS K . JESUP, TH EO D O R E P. JOHNSON, LEW IS CASS L E D Y A R D , FRANCIS II. LEG G ETT, CH ARLES D. L E V E R IC H , L E A N D E R N. LO VELL, GEORGE II. MACY, CHARLES II. M A R SH ALL, T. H . H . M OORE, ICHOLAS E. PALM ER . E N R Y P A R ISH , A L L A S B. PR A TT, EORGE W .Q U IN TA R D , . A. R A V E N , OHN L. R IK E R , 'OUGLAS ROHINSON. USTAV II. SC H W A B , fILLIAM A. ST R E E T , m 1 1 a \T n slT T I M ih S . A. A. R .-V E N , President. CO RNELIUS E L D E R T , Vire-Presulent. TH E O . 1>. JOHNSON. 2d Vice President. JAMES L. LIV IN G STO N . 3d lTo P resid en t 398 [VOL. LXXXIIT. T H E CH RONICLE F i n n ^ i t i a t r c i a l n c u t h THE N EW YORK TRUST COMPANY,Morristown Trust Co. 2 6 C a p ita l, B R O A D $ 3 ,0 0 0 ,0 0 0 . O T T O S u r p lu s T . M O R R I S T O W N , N . J. S T R E E T , a n d B M IV A R D , P r o fits , $ 1 0 ,5 5 0 ,0 0 0 . P r e s id e n t. W I L L A R D V . K I N G ,) A L E X . 8 . W E B B JR ., S V ic e -P r e s id e n ts . H E N R Y E . A H E R N , Secretary F R E D E R IC K J. H O R N E , A s s t . Secreta ry . M O R T IM E R N . B U C K N E R , T rea su re r. H E R B E R T W . M O R SE , 2 d A sst. S e cre ta ry . C A P I T A L ...................................... $ 6 0 0 ,0 0 0 SURPLU S PAYS & P R O F I T S .. 1 ,5 0 0 ,0 0 0 INTEREST 3% O N D A I L Y B A L A N C E 8 S U B J E C T TO C H E C K P A Y A B L E IN N . Y . FU N D S. TR U STE E S. W i lla r d V . K in g, C h as. W . H ark n ess, W o o d b u ry Langdcu, J am es N . H ill, G ordon M a c d o n a ld , F . N . H offstot, A r th u r C u rtiss J am e s, John J. M itc h e ll, Jam es P a rm elee, F red eric B . Jennings, John S. Phipps, W a l t e r J ennings, George W . P erk in s, C h au n cey K eep, M y le s Tierni '. A . V a le n tin e , O tto T . B an n a rd , 8 . R eadin g B ertron , Jam es A . B la ir, R o b e rt W . d e F o rest, John B. D en n is, K lb ert H . G ary, Joseph P. G race, E . P a rm a lee P ren tice, E d m u n d D. R an dolph N o rm a n B . R eam , B . A y m a r S a n d s, John W . S terlin g , Jam es S tillm a n , E rn st T h a lra a n a , W hen YO U use the Telephone Our Automatic Telephone system has been adopted in the following cities; Manchester, Iowa. Aberdeen, S. D Columbus, Ga. San Francisco. Cal. Akron, Ohio. Dayton, Ohio. Santa Monica, Cal. Marianao, Cuba Sawtelle, Cal. El Paso, Texas. Marlon, Ind. Albuquerque, N M Allentown Pa. Sioux City, Iowa. Pall River Mass. Medford, Wis. Ferguson, Mo. Miamisburg, Ohio, Auburn, Maine. South Bend, Ind. Auburn N. Y . Springfield, Mo. Florencevllle, N. B .. Canada. Mount Olive 111. Battle Creek, Mich St. Mary’s, Ohio. Grand Rapids, Mich. New Bedford, Mass. Bellingham, Wash. Tacoma, Wash. Hastings, Neb. Oakland, Cal. Berlin, Germany Toronto Junction, Canada. Havana, Cuba. Ocean Park Cal. Buxton, Iowa. Traverse City, Mich. Hazleton, Pa. Pentwater. Mich. Hopkinsville Ky. Urbana, 111. Perry, N. Y. Cadillac, Mich Van Wert, Ohio. Jonesboro, Ark. Chamoatgn, 1 1 1 Portland Me. Chicago, 111. Lake Benton, Minn. Watch HuL R. I. Portland, Ore. Lewiston Me. Clayton, Mo. Wausau, W1b. Princeton, N. J. Westerly, R. I. Lincoln, Neb. Cleburne, Texas. Riverside, Cal. Wlmlngton. Del. Los Angeles, Cal Columbus, Ohio. San Diego, Cal. A U T O M A T I C E L E C T R I C Morgan S treets. C O C H IC A G O JNO. H . B . CORIELL, Secretary. RALPH B. 8T R E E T T , AjBt. Secy, awl Treat. N You want good service;— you want It to be prompt;— youT wantTt ~to~be"accurate;— you want it to be secret. Every other telephone user’s wants are the same as yours. If you got that kind of service right along you would support with your patronage and your influence the company that rendered it. Every other telephone user would do the same. Our Automatic Telephone System gives that kind of service. That is why independent telephone companies operating our Automatic System are so successful, because the service rendered is of the kind that you and every other telephone user wants, expects and is entitled to. — the best obtainable. That is why subscribers to automatic service are loyal to it and to the companies furnishing it. This loyalty is the “ good will” of the business and a valuable asset. And, as for the operating companies, they know that it costs them less to produce this ideal service with our automatic equipment than it would to produce inferior service with manual equipment, and they can get more money for it. There’s the whole thing in a nutshell— ideal telephone service, prompt, accurate and secret costing the operating company much less than it costs to produce inferior service, and commanding a higher price. It’s because of all these advantages that the stocks and bonds of independent telephone com panies operating our Automatic System are stronger, more stable, more desirable and more profit able than any other. That’s why it will pay you to look into these “ Automatic” advantages when seeking an investment V a n B u ra n and SAM UEL F R E E M A N . Proridmt A U R E L IU S B . H U L L , Vlce-PrwM wt W IL L A R D W . CU TLE R , 2d Vlce-PrwKMot H A R R Y A . V A N G IL D E R . Treasurer. U. S. A. E W Y O 3 % a n d C I T Y 3 l % A T . W . S T E P H E N S & C O ., 2 W all Street, New Io r b . B A L T IM O R E . C H IC A G O . W i l l i a m B o n d & R M C o m p t o n o r t g a g e C o . M A C O N , M IS S O U R I. (Established In 1889.) M IS S O U R I M U N IC IP A L B O N D S — S c h o o l, C it y , C o u n ty a n d D r a in a g e O u r l i s t g i v e s a w i d e s e le c t i o n o f m a n y a ttr a c tiv e is s u e s in s iz e s o f $ 2 ,0 0 0 to $ 1 0 0 ,0 0 0 O p in io n C h ic a g o c o u n s e l, fu ll le g a l p a p e r s f u r n is h e d W e b u y d i r e c t a n d h a n d le n o t h i n g o n brokerage C lo s e b u y i n g , la r g e v o l u m e a n d s m a l l p r o fit m a k e our o ffe r in g s a ttr a c tiv e S e n d fo r l a t e s t c ir c u la r N e w Y o r k , C h ic a g o , S t . L o u is an d K a n s a s C i t y r e fe r e n c e s R . C O M P T O N . P r e s id e n t. 4 - W a r d e l l B u ild in g . Jones, Caesar, Dickinson, Wilmot & Co. P u b l i c K T A X - E X E M P T GOLD BONDS W IL L IA M C e r t i f i e d R % U Q lU Z Z X S . HL M. Byllesby & Co*? A c c o u n t a n t s . (Illin o is ! INCORPORATED. HEW YOF5&3 William Sts CHICAGO? Tribune B ldg. PITTSBURGH? ST. LOUIS? S tock Exchange B ldg. LONDON; SAM FRANCISCO? M onadnock Bldg. MELBOURNE? [ENGLAND], P eop le’ s Savings @k. Bldg. 3 Fredericks Place, E.C. COVERS — ENGINEERS, D E SIG N , [AUSTRALIA], Pine Street, Corner Pear? Street, Mew York. GAS AN D O PERATE L IG H T . P O W E R . H Y D R A U L IC 9 Queen Street. CHRONICLE AND SUPPLEMENTS. CONSTRUCT R A IL W A Y , AN D P LA N TS. Examinations and Reports, A m e r ic a n T ru st B u i l d i n g ., C H IC A G O String file covers m ay he had for holding the C h r o n ic l e and S u p p l e m e n t s in s i s different styles as b e lo w : CHRONICLE AND ALL SUPPLEMENTS (six months’ issues) Black Cover. SUPPLEMENTS ONLY (six months’ issues) Red Cover. RAILWAY & INDUSTRIAL SUPPLEMENT (year’s issues) Granite Cover. STREET RAILWAY SUPPLEMENT (year’s issues) Green Cover. STATE & CITY SUPPLEMENT (year’s issues! Terra Cotta Cover, BANK & QUOTATION SUPPLEMENT (year’s issues) Yellow Cover Price for File C overs, 50 Cents. Postage, 18 Cents. Charge for Binding V olum es, $1 50. "W I L lL iI A -I M 1 3 . D .A J V .A . O O . , P u b l i s i i e r s , 7 6 % PINE S T R E E T , CO RNER PEARL S T R E E T NEW YO RK. H A N D -B O O K OF Railroad Securities JULY, 1906, EDITION. P r i c e o f S i n g l e C o p ie s , . . . T o S u b s c r i b e r j o f th e C h r o n i c l e , - S I OO 75 Commercial & Financial Chronicle, Pine Street, cor. Pearl Street, New York,