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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 . C h ic. So S t. 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 ..
A s t o r ...............

206
516
260
660

B attery Bark
B ow ery* ___
B u tch 's So Dr
C e n tu ry ^ ___
Chane ...........

320
180
176
700

C h a i li a t u ___

C helsea Exc*

i 80

A ik

H unks

C h e m i c a l___
C itiz e n s ’ C trl
216
C i t y .........
630
Cpal Sc I r o n .
266
C o lo n ia lX . . .
750
C o lu m b ia * ..
1 35
C o m m e r c e ...
3 35
C on so lid a ted
170
C’ rn E xch geT
185
D is c o u n t ^ }. ..
E a s t R i v e r ..
300
F id e lity !; . .
........... F ifth Ave*J._

B id ! A s k
B anks
4 1 0 0 4 2 3 0 F i f t h .................
148
F i r s t .................
140
N i g h t So D a y
263
267
I4 tn b tr e e tli.
250
600
F o u r t h ...........
G a l l a t i n '___
425
G a r f i e l d ___ ^
180
188
160
1 70
G e r m a n A m lf
350
360
G erm an E x l
G e r m a n ia l ..
100
G r e e n w ic h *j
150
160
1 Hamilton*,! . .
000
3 8 0 0 4 2 0 0 [ H a n o v e r .7 . . .
|

B anks
B id
I nip A T r a d . 5 4 0
I n t e r b o r o f l.. 1 5 6
710
I r v in g ........... 2 4 0
520
200
000
L ib e r ty ......... 5 0 0
2 17
212
Lm <k)ln........... 1 4 0 0
400
375
600
M a n h a tta n ^ . t 2 % 4
160
! M a r k e t A Ful 2 6 6
150
M echan i ca’
255
14554
. . . . . . j M ec h So Trali 1 60
500
305
1 M e r c a n t ile . . 2 4 0
090
M eroh ILxch. 1 70
225
...
t 4 9 5 .......... :l M ere b a n ts ’ .. ..................
B id

340
690

A s k jj

A sk
560
160
250
215
520
L600
275
006
165
250
180
160

B anks
M e tr o p o lis TU
M e t r o p o li’ n^]
M t M orxi8l|. .
M u t u a lli ____
N a se a u ll ___
N e w A m ste r
N e w Y o r k Co
N Y N at E x.
N e w Y o r k ...
19U i W a r d U .
N o r t h A irier.
N o r t h e r n ___
O r ie n ta lll___

B id
160
235
300
202
200
1200
200
302
300
150
260

A sk
405
170
212
206
310
280
160
270

B anks

240
460
300
190
670
170
050
365
700
0000
005
360
1 90

A&k

B id

P a c i f i c !!.........
P a r k .................
P e o p le ’ slj___
P h e i i i x ...........
P la z a ll.............
P ro d K x ch l) .
R iv e r s id e !! ..
S e a b o a rd -----S econ d ...........
StjLl^J
-3 4 t h S t r e e t ..
1 2 th W a r d !).
0 3 d W * r d fl_ .

• B id an d a sk e d p r ic e s ; no sa le s w e re m a d e on Una day. { Le/»a Uiau 10U sharea. t K x -r ig h te . E s t a t e b a n k s , a E x -d lv id e n d an d r ig h ts .
T b a le a t S to c k E x c h a n g e or a t a u c tio n th is w e e k .
i X ,r u s t Co. c e rtific a te s.
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 % ..........
Aug
*9 0
.........
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.........
Do
p ref
94
24
24
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*2 3
25
25
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D ec
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25
500 2 0 % M ay 2 35
A m e r B e e t S u g a r ...............
2 3 % 23 4 *23
*83
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85 J a n 22 8 9 4 a J a n 8 77
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4
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i
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39 4 39%
- 1 0 0 4 10 L
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30 0 9 8 % J ’ ly 13 105 J a n 24 £91 % Jan 10-i % A pr
*100 H 101
i
101
101
D o p r e f ...........................
101
101
.......... A m e r ic a n C o tto n O il........
3 1 % 32
32
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2 i5
A p r 2 6 2 4 9 % J a n 26 §209 % J an 246 F e b
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*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
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94
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7
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6 •J ’ n e l 3 10 J a n 26
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7
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74
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6 J ’ ne 11% D e c
A raer H id e & L e a t h e r ___
30
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55 % Alar
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200 27 J ’ n e 2 6 43 J a n 25
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D e p r e f..
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71% 71 %
7 1 % 73
72
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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
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2 0 % . 20
*1 9
204
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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 ..............
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a
42
’ 40
42
41% 4 1 4
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100 3 8 % M a y 4 5 3 % J a n 20
4 8% A p r
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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
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5
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-2 0
35
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29
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A m e r P n e u m a t ic s e r v i c e
*50
65
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05
60
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*5 0
65
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98
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*90
98
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98
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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
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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
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110
*1 0 2
110
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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
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40
45 4 4 5 4 *4 5
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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
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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
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4
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138
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138
* 133
138
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137
137
100 132 * A p r 30 140 J a n 19 133
D o p r e f ...........................
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*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
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*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 %
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22 % D e c
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15
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63 ^ Butrterick C o ................... .
/ 0 M ay 9 50 D e c 60 % J a n
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38
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3 8 % 38 4 / ce n tra l L e a t h e r ..............
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38% 38%
103 l o 2
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p r e f .........................
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62 *y 53%
54
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53 % 55*4
54 H 5 5 5s
a
Alar
54% 5 5 4
May 59
C o lo r a d o F u e l do i r o n ___
7 5,6 _'U 4 0 % May 2 8 3 % J a n 26 38
*78 1 0 0
* 7 8 100
*7 8 100
8 5 J ’ ne29 112 % J a n 29 80 A u g 105
*78 100
*78
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D o p r e f ...........................
19 4 19 4 * 18 H 19
18% 19% OoL & H o c k . C o a l & Ir o n .
11% M ay 20 D e c
* 1 8 H 19
i
a
19
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184 184
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lo 8
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1384139
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a
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s
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........
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78
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D o p r e f ...............1.........
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00
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60
63
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& 6 0 % 60%
54 % D e c
6 0 % 61
D is tille r s S e c u r it ’ s C orp . 2 1 ,1 6 2 5L J a n 30 6 5 % M ay 0; £34 '8 Jan
- ....... 86
* .......... 80
81% J a n 3 37 % J a n 19| 76
* .......... 86
* .......... 86
* .......... 86
* . ........ 8 6
May 89 % F e o
E le c tr ic S to r a g e B a tte ry .
•155
170
150 170
’ 165
172
170
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* io o
172
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Jan 115 N o v
F ed era l M in in g & S m e lt’ g
10 J 13 8 J a n 4 199 j an 22, 6 0
96
96
-9 5 % 9 7 %
*#6*3 90
*95% 97 4
97
97
Jan 110 % N o v
9 6 H 96 4
a
D o p r e f ...........................
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-1 0 5 4 16 / 34 167
167
107
16/
Alar
167 169%
169% L70 4 169 % 169 ‘4 G e n e r a l " E le c tr ic .................
4 ,5 0 0 1 6 0 % J ’ ly 13 1 8 1*4 j an 9 169 Alay 192
19 % 19 %
19
19 4,
19
19 4
19
19
19
19 ‘v
18 4 19 4 j n te r n a tio n a l P a p e r ........
18 % J ’ ne 25 D e c
5,300 17 J ’ly 2 26 4 Jan 15
*83
85
* 8 5 34 86
85
85% 4 D o p r e f .......... ............
84
84
*84
85
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3 On 82 % M a r lb 90 J a n 13 76 % Feb 88 l4 L e e
62
52
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5L
51
J a n 29| 48
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63
*51
53
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In te r n a tio n a l P o w e r ........
OCt LUO F e b
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45*2 4 6
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r n te r n a t S tea m P u m p ___ 2 % Hi.' 2 8 J a n 15 60
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a
D o p r e f...........................
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60
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60
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60
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60
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60
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60
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10 Jan 66 De/»
2,300 ,5 4 % J ’ ly 0 68 J a n 15
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*67 % 68% *06 4 68*4
6 7 % 68% .^ [a tio n a l B is c u it ..............
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p r e f .........................
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80% N a tio n a l L e a d ....................... 14,800 66 M ay 2 9 5 % J a n 19
7 9 3 79%
4
79% 80%
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79 4 8 0 %
*1 0 1 % 1 0 2 34 * 1 0 1 34 103 H *102 1 0 2 % ♦102 103 4 1 0 2 % 102%
•102
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i
9 7 % Jan 115 "J D e c
D o p r e f ...........................
100 1 0 0 % J ’ n e 7 1 0 6 % J a n 22
*140 144
* 1 4 0 143Hz 1 4 3 *^ 1 4 4
144 144% 1 4 3 % 1 4 4
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N e w Y o r k A i r B r a k e ........
1 ,0 0 0 133 J ’ly 12 163% J a n 5 L40 May 168% N o v
*94
95
9 4 H 9638
a
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*35
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36*4
38
4 0 4 O a c i f i c M a il......................... 1 7 ,6 0 0 28 % J ’n e29 51 % J a n 19 33
M ay 53% D e o
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37
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£90
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1 2 % J ’ly
21 Alay
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P itts D urgh C o a l C o .......... .
100 1 3 % M ay 2 1 7 % M a r 3 l
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54
64
54
54
54
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55
5 3 4 54
Do
p r e f .........................
1 ,1 0 0 50 J ’ly 3 62 % J a n 19 45 % J ’ ly 8 0% M ay
634 534
M ay 2 6 4 % J a n 24 33 % J an 5 8% Deo
52*4 5 2 34
61
6 1 7a
5 2 34 53
52
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5 2 % 53
52 4 5 4
P r e s s e d S te e l C a r ................
8 ,6 0 0 43
J
F e b 1 87
98
98%
* 9 7 H 98 % * 9 7 H 9 8 H
a
i
a
981 984 *97^ 9 8 4 *974 984
*
D o n r e f ...........................
F e b 101 % Oct
580 95 A ay 2 lO o
§ 2 3 7 237
2 40 240
237
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Pnllma.Ti CJnmpa.ny
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* 5 2 % 53
534a 53 4/ * 5 2 4a 5 1 4
53
53
52 4 52 4
5 3 4 5 3 4 i > a llw a y S t e e l S p r i n g ...
40 0 4 4 M ay 2 62% J a n 15 3 0 M ay 63% Dec
*9 8 % 1 0 0 l4 *9 8 H 100 *4 *98 4 2 1 0 0 4 * 9 8 4 1 0 0 4
1 0 0 % 1 0 0 % Hi* D o p r e f ..........................
*98 4 1 0 0 %
a
100 9 7% J ’l y 13 107 J a n 24 93 Jan 106 N o v
29
29
29
29% R e p u b lic I r o n & S t e e l . . .
*27 H 28 H
i
i
29
29 4
36% Dec
29
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5 ,7 0 0 2 2 % M ay 2 39 J a n 12
15 J a n
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99
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,
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99% 99%
D o p r e f ...........................
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*76
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77
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* 1 0 6 112
*1 0 6 112
106 J ’ly 6 H 3
*106
112
-1 0 6 112
A p r 3 100 J a n 130 Feb
*1 0 6
112
* 1 0 6 112
O D o p r e f .......... ................
* 1 5 4 165
156 156
155*4 155 4 * 1 5 4 4 1 5 5 4 155
155% 155 4 156% T e n n . C oa l, I r o n & R R . . .
70 0 1 29 J a n 2 £ 1 6 5 J a n 12 68 Jan 148 D ec
87
83
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8 2 H 8242 * 8 0
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66 Deo
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T e x a s P a c ific L a n d T ru s t
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9
9
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9
7 % J ’ly 6 15 ^ J a n 19
*8 4i ‘ 8 7e
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[ f m o n B a g & P a p e r ........
87e
B7e
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67 % J ’l y 3 8 4 J a n 18
*71 H 72
i
* 7 1*4 72
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72
68
Tan 8 2 ’ 4 D e o
U D o p r e f ...........................
* 7 1 4 72
* 7 1 4 72
440
47 % 4 7 %
J a n 17
48% Deo
46% 47% *46% 47% U. S. C a st I . P ip e & F o u n .
47*4 47*4
474 474
47
47
19% Jan
1 ,7 0 0 4:3% M ay 2 53
9 0 J ’ ly 3 9 6 % J a n 24 7 9 % J a n
•90% 91*4 * 9 0 34 91% * 9 0 4 92
97% Apr
*91
91% *9 0 % 91% * 9 0 % 91%
D o p r e f ...........................
* 1 2 5 130
§1 2 4
124
*1 2 4 1 3 0
*124
130
*124
130
*1 2 4
130
U n ite d S ta te s E x p r e s s ...
50 109 M ay 1 1 3 8 % J a n 26 § 1 1 0 D e c 134 Feb
*76% 78
-7 6
78
-7 6
78
7 6 34 7 6 4
-7 6
78
*7 6
78
U S R e a lty & I m p 'r o v e ’ nt
100 7 5 % J ’ly 18 9 4 ^ J a n 20 77 J a n 98% M a r
*35
38
3 6 % U S R e d u c t io n & R e fin* g
35*2 3 6
36
3 6 4 *3 6
36 4 3 6 %
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1,000 2 4 M a r 1 1 0 % j ’ n e 5 18 F e b 40% A pr
*74
75
73
74
76
*734a 75
7 4 % 7 5 4 *75
7 4 4 75
Do
p r e r .........................
2,000 60 M a r 2 2 8 4 j ’ n e 6 35 Jan 73% Aug
*44
45
J ’ly 13 5 8 % J a n 22
*4 4
45
44
44
44% 44%
4 4 % 45
45
46
58 % Sep
33% Jan
U n ited S ta te s R u b b e r ___
3 ,0 4 0 3 8
107 107
*106 1074a 107 4 1 0 7 4 a 108
108 4 108 108% 1 0 8 % 1 0 8 %
D o 1 s t p r e f ...................
1,000 cl04?a J ’l y 13 £115 J a n 15 98% Jan 118% A pr
75
M ay 2 £87 J a n 15 75 N o v 83% D e c
*78
80
-7 7
79
-7 7
79
*77
80
*7 7
80
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80
Do
2 d p r e f ................
40*8 4 0 %
40% 41 %
4 1 % 41%
41% 41%
4 1 % 4 3 % U n ite d S ta te s S t e e l............ 470,430 3 2 % J ’ ly 13 4 6 *4 J a n 20 2 4 % Alay 4 3 % D eo
4 1 4 4 178
1 0 6 % 106
1 0 6 % 106% 106 4 1 0 6 4 1 0 6 4 1 0 6 % 106 106% 1 0 6 % 108
90 % May 107 Dec
D o p r e f . . . . ................... 7 7 ,5 3 0 9 8% J ’l y 3 113 % J a n 20
*37
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4
3 6 H 37*4 *36 H 38
a
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38
3 7 % 38%
37
38
1 ,6 0 0 31 J ’l y 3 58 J a n 2 28 % S ep
58% Dec
V ir g in ia -C a r o lin a C h e m ..
140 104 J ’l y 3 1 1 / 4* J a n 2 103% M ay 118% D eo
D o p r e f ...........................
*1 0 8 % 109 4 § 1 0 9 4 1 0 9 4 * 1 0 8 % 1 0 9 %
*1 0 8 % 1094a 1 0 8 % 108% *1 0 8 4 1 0 9
§45
45
46
*44 4a 45 %
245 3 8 M ay 2 5 6 % J a n 24 36 J ’ n e 52% Feb
45 4a 4 5 % -4 5
*4 4
4 5 4 §44
44
V ir g in ia I r o n C o a l & C ..
*295 31 0
*295 3 1 0
*2 9 5 3 1 0
*295 310
3 0 0 300
300 300
4 5 0 233 M a r 2 3 300 A u g 2 §226% D e o 260 F e b
\\j e lls F a r g o & C o ........
* 9 1 % 9 2 H *91 H 924a *91 H 92
i
a
*91
92
9 5 % J ’ ne
a
92
92
*92
93
2 0 0 r9 1 M a r 20 9 4 % J a n 26 92 J a n
Y t e s t’ n U n io n T e le ’ g p h
*150 152
150 1 5 0
*150
156
150 150
W e s t’ g h ’ s e E l& M f g a s s e n
* 1 5 0 158
150 1 5 0
70 0 L50 A u g l 3 176 J a n 5 152 M ay L34 Apr
* ..........185
. . . . . . . 185
♦..........185
180 J ’ ne26J 188 J a n 28, 187 % D e c 197 Apt
* ..........185
* _____ 185
D o 1 s t p r e f ....................
* ..........185
* 1 1 2 *2 113% ♦112 H 113 H
a
?

112 4 112 *g ♦1124a 1 1 3 4 j 113

113

B A N K S A N D TR U ST C O M PA N IE S—B R O K E R S ’ Q U O TA TIO N S
B anks
1 n io n E x c h U
7
D S E x c h a ’ eH
t V a s h .H ’ h tsll
W e s t S i d e ’JI."
t o r k y l l l e U "..

R id

210
125
225
600
400

A sk
220
130

BROOKLYN
B o r o u g h T ],...
B ro a d w a y
B r o o k ly n ^ ” . .

145
100
150

.........

B anks

B id

A sk

T r u s t C os*

B id

A sk

T ru st C o ’s

520
470
162%
2150
390
265
85

F ifth A v c T r
F u l t o n ..............
G u a ra n ty T r
G u a r d ia n T r
K n ic k ’rb ’k T
Law T I & T r
L i n c o ln T r __
M a n h a tta n ..
M e r c a n tile ..
M e t r o p o lita n
M o rto h T ru st
M u t u a l ______
M u t . A l li a n c e

BROOKLYN
N. Y. CITY
F i r s t ..................
H o m e B an k^j
M a n u fa c trs’ .
M ec h a n ic s^ ]
N assau . . . . . .
N a t C i t y ..........
N o r t h S id e !].
P r o s p e c t P k ’!]
T e r m i n a l ____
U n i o n !] . . . . . .

400
160
400
290
260
300
400
150
140
225

300
275
165
235

B an k ers’ T r
B o w l’ g G re e n
B roadw ayT r.
C e n tr a l T r ’ s t
C o l o n i a l ___
C o l u m b i a ____
C o m m o n w ’ th
E m p i r e ...........
E q u i t a b le T r
F arm L o & T r

500
6450
155
2050
375
315
—

475
1425

B id a n d a s k e d p r ic e s ; n o s a le s o n t h i s d a y . § B e s s tlia n 1 0 0 s h a r e s .
% E i-r ig h ts ,
s a l© a t S t o c k E x c h a n g e or at auction this week, o E x stock d i v i d e n d . $ Trust Co.

---- —
T'..... . 1 —--------------------------------

56 5
325

300
520
225
1200
2 9 2 % 300
625
475
495
85 0
590
810
115
120
210
218

5 N e w sto c k ,

oertedoatea.

T r u s t C o ’s

B id

A sk

T r u st C o ’s

N Y L ife & T r
N ew Y ork Tr
S ta n d a r d T T ’ t
T itle G u & T r
T r Co of A m .
U n io n T r u s t
U S M tg & T r
U n it S ta te s .
V a n N ’d en T r
W a s h in g to n .
W i n d s o r .........

A sk

B id

975
715
41 0
59 0
745
1390
440
1325
31 0
40 0
245

1010
73 0
440
61 0
755
1410
460
1375
325

BROOKLYN

260

c E x -d iw id e n d a n d r ig h t s .

B id

400
17 0
265
320
34 0
185
190
450
29 0
265
1325
W illia m s b ’ g . 23 0

B r o o k l y n 'Tr
C it i z e n s ’ .........
F la tb u s h . . . .
F r a n k l i n ____
H a m i l t o n ____
H o m e ................
J e n k i n s .........
K i n g s C o ___
L I s lL * fe T r .
N a s s a u ...........
P e o p le ’s ..........

Banks marked with a paragraph

A sk
415
180
3 60
193
3 10
..........

are State banks.

New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
O C C U P Y I N< ;
BONDS
N . Y . STOCK E X C H A N G E
WKKK ENDING AUGUST 17
U. S , 4 * o v e n im e iu
U S
oon sol r e g is t e r e d .<11930
U 3 2 s c o n so l o o u p o n ____(219SU
U S os r e g is t e r e d ................ £ 1 9 1 8
U S 3 s o o u p o n ........................ k l 9 l 8
U S 3 s r e g sm a ll b o n d s ..f c l 9 1 1
U 3 3 s oou sm a ll b o n d s .. felO l
U S 4 s r e g is t e r e d ...............A 1 9 0
U S 4 s o o u p o n ...................... h 1 9 0
U S 4 s r e g is t e r e d .................... 19*'
U 3 4 s o o u p o n .......................... 1 91
P h ilip p in e is la n d s 4 s . 1 9 1 4 -o 4
F o r e ig n G o v e r n m e n t
J a p a n e se G o v t 6 s s te r i’ g .1 9 1 1
2 d se rie s 6 s ............................. 1911
£ loan 4 4 s c t ls fu ll p d .1 9 2 5
2d series 4 4s» c tfs fu ll paid
£ loan 4 s c t f s fu ll p a i d ..1 9 3 1
B e p u b of C u b a 5 s e x t e n d e b t ..
0 S of M e x ic o s f g 5 s of 1 8 9 9
G old 4 s of 1 9 0 4 .....................1 9 5 4

- c
■Si
Q-J
Q-J
Q -ir

n J
QQ-J
Q-F

Q
*F
Q-F

S id
1 0 4 3*
104**
103 4
103 4
1034
1034
103 4
129*4
129*4
109

Week's
Range or

High N o
L ow
104
J ’ ly *0
104=8 A u g ’ 06
1 03 4 " i
103 4
1 0 3 l103 4
J ’ n e ’O*.
107
. Y . 1 04 4 G et ’05
103*8
103 4
U)4
104
103 4 Aug*0v
1 3 0 4 129*8 M a v ’06
1 3 0 4 129*4
U
129*4
........... 111
M a y ’ 06
A sk
105 ^
1U5
Sale
104

O ? 100 4 Sale

1 9 9 ‘*4 Sale
A t 9*2 S a k
J
9 1 4 Sale
83 4 Sale
J
S 1 1 0 6 4 Sale
98*4 100
J
-D
94 4 Sale

*7 h ese a

115

Range
Since
January 1

L a s t S a le

99*8
99*8
91 4
90*4
83 4

o

S t a te S e c u r itie s
A la b a m a c la ss A 4 to 5 ____ 1 9 0 6 J-J
C la ss B 5 s . . . . ..........
1 9 0 6 J-J
C la ss C 4 s . . . . . . . . . ____ . . . 1 9 0 0 . r - j
C u r r e n c y fu n d in g 4 s ____1 9 2 6 j - j
D ie t of C o lu m b ia 3 * 6 5 s ____ 1 9 2 4 F -A
L o u is ia n a n e w co n so l 4 s . . 1 9 1 4 J-J
N o r th C a ro lin a c o n so l 4 3 .1 9 1 0 J-J
6a ................................................... 1 9 1 9 A - 0
So C a ro lin a 4 4 s 2 0 - 4 0 ..........1 9 3 3 J-J
T e n n n e w s e t t le m e n t 3 s . . 1 9 1 3 J-J
S m a l l ..................................................... J-J
V ir g in ia fu n d d e b t 2 - 3 S ...1 9 9 1 J -J
6e d e fe rre d B r o w n B r o s c t f s .
R a ilr o a d
la b a m a C e n t S e e So R y
lab a M id i S e e A t C o a st L in e
A lb a n y & S u s q S e e D e l & H u d
A lle g h e n y V a l l e y j$te£P 6n n R B
A l le g & W e s t
S e e B u ff R & P
A n n A r b o r 1 s t g 4 s ........... A 1 9 9 5
A to h T<fc S F e — G e n g 4 s . 1 9 9 5
R e g is te r e d ...............................1 9 9 5
C o n v g 4 s .................................1 9 5 5
W a r r a n t s fo r 5 0 -y r c o n v 4 s . .
A d ju s t m e n t g 4 s ............. / t l 9 9 5
R e g i s t e r e d ......................h i 9 9 5
3 tam p e d ............................ h l 9 9 5
D e b e n tu r e s ’4 s S e r ie s E . 1 9 0 7
S e rie s F .................................1 9 0 8
S e n e s G ................................ 1 9 0 9
S e n e s H ............................... 1 9 1 0
S e r ie s 1 ................................. 1 9 1 ]
S e rie s K ................................1 9 1 3
E a s t O k la D i v 1 s t g 4 s . . 1 9 2 8
A tl K nox & N
iSee L & N
A t la n t ic C o a st 1 s t g 4 s . h l 9 5 2
C h a rles < S a v 1 s t g 7 s . . 1 9 3 6
fe
8 a v F 6a W 1 s t g o ld 6 s . . 1 9 3 4
1 s t gold 5 s ...........................1 9 3 4
A l a M id 1 s t g u g o ld 5 s . . 1 9 2 8
B run s & W 1st gu g 4s .. 1938
L & N co ll g 4 8 ..................© 1 9 5 2
8 il 8 p O c a < G g u g 48 . . 1 9 1 8
fe
A t la n t ic & D a n v S e e S o u th R y
A u s tin & N W
S e e S o u P acific
a lt & O h io p r io r l g 3 4 s . 1 9 2 5
R e g is te r e d ................_ .7 i l 9 2 5
G o ld 4 s ..................................h i 9 4 8
R e g i s t e r e d ...................... h l 9 4 8
P Ju n <fe M D i v I s t g 3 4 s l 9 2 5
P L E & W V a S y s ref 4 s l9 4 1
B ou th w D iv 1 s t g 3 4 s . . . 1 9 2 5
R e g i s t e r e d ...................... h l 9 2 5
M o n o n R lv 1 s t g u g 5 s . .1 9 1 9
C en O h io R 1 s t c g 4 4 s . . l 9 3 0
P itts C le v < T o l 1 s t g 6 s 1 9 2 2
fe
P itts & W e s t 1 s t g 4 s . . .1 9 1 7
B a t C re e k <fc S S e e M ic h C en t
B eech C reek S ee N Y C & H
B e lle v <fc Car S e e I llin o is Cent
B k ly n 6c M o n ta u k S e e L o n g I
B r u n s & W e s t S e e A t l C o a st L
B u ffa lo N Y 6c E r ie S e e E r ie
B u ffa lo R & P g e n g 5 s . . .1 9 3 7
A l l 6c W e s t 1 s t g 4 s g u . . l 9 9 8
Cl 6c M a li 1 s t g u g o s ____1 9 4 3
R o ch & P it t s l e t g 6 s . . .1 9 2 1
C o n so l 1 s t g 6 s ............... 1 9 2 2
B u ffa lo <fc S o u th w e s t S ee Erie
B uff 6c S u sq 1 s t r e f g 4s.<Z1951
Bor C B
N
S e e C B. I 6c F
U n a d a S o u th 1 s t 5 s ......... 1 9 0 8
'2 d 5 a .........................................1 9 1 3
R e g is t e r e d ......................... 1 9 1 3
C arb 6c S h a w n S e e 111 C en t
C arolin a C e n t S e e S e a b A ir L
C a rth a g e <fc A d S e e N Y C & H
C ed R l a F < N
fe
S ee B C R & N
C eo B r a n c h U P 1 s t g 4 s . . . 1 9 4 8
C en B r a n c h R y S e e M o P ac
C en t of G a R R 1 s t g 5 s . . p l 9 4 5
C o n so l gold 5 s ...................... 1 9 4 5
R e g i s t e r e d ..........................1 9 4 5
1 s t p re f in c o m e g 5 s ___ p i 9 4 5
2d p r e f in c o m e g 5 s ___ p l 9 4 5
3d p re f in c o m e g 5 8 ___ p i 9 4 5
C h a tt D iv p u r m on g 4 8 .1 9 5 1
A lac 6c N o r D iv l e t g o s . 1 9 4 6
M id G a (fe A t i D i v 5 a ___ 1 947
M o b ile D iv 1 s t g 5 b ......... 1 9 4 6

Frice
Friday
A ugust 17

105*4
99
944

100=,.
994
94 4
91 \
S3 4
1064
99 4
94 4

re p i ices 0 n the l

.........

ib T " m u
129
.........
96*4

*28 4 Sale

101
1094
1024
111
1174
1 05 4
1 01
122
120
95*4
954
94*4
274

FOUR

1 03*i
104 4
1294
1 3 2 1,
HI

964
97 4
904
89 4
0
82
36 103 l4
111 9 8 4
15
924
a s is 0 / $5

1014
1014
954
93=8
88
108
101 4
96

51
129
15s
133

1 0

0

4

to £ .
1 0

1

1174118

101
122

101

122

954

964

D e c ’ 04

M a r’ OO
102
29

94*4

90*4

2 0

29

4

A

B

C

91

A u g ’06

Q-J

...........

J -D

104*4 Sale 1 0 2 4
1 0 4 78 8 5 6 1 0 0 4 105*4
104 4 Sal6 102=8 1 0 4 8 . 177 1 0 0 4 1 0 4 4
11 9 1
95*4 Sale
97*4
95 4
95*4
......... 9 5 4 9 5 S ep ’ 0 5

94

90

F-A
F-A
F-A
F-A
F-A
F-A
M -S
M -S

J-J
A -O
A -O
M-N

J-J
M -N

J-J
J -J

92 4

93

99 4 .........
98

...........

9 6 4 .........
9 5 * 8 ...........
94
...........
9 1 78 ..........
9 5 * 4 Sale

1004101

1 0 0 78

12958
114*4
1114
* 93 4
954
94

944

A-O

1 0 3 4 Sale

Q -J
M-N

”90” IIIIII

J -J
J
t .A

M-S
A-O
J-J

M -S

A-O
J-J
F-A

9 8 4 S a le
9 0 4 S a le

95 4

......... 1 1 9 4
iia ” ; i ;.

J -D
J -J
J -J
M -S
M -S

J -D

122

91

9 5

1 0 0 * 4

106

.........
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 .
R e g i s t e r e d .......................... / c l 9 3 6
C in

S

<fc C l c o n

C

C

So

C

1 s t g

5 s. .1 9 2 8

1 c o n s o l 7 s ................1 9 1 4

G
G
G

103

G

G u lf &

6s .

1557*2 ......... *134

1 9 3 4

O

B l

I n d

So W
So W

So

P e o

1 st p r e f

134

1 st c o n

97 V
97*2
72 4i 73 V 72 J ’ l y ’ 06 —
1 0 9 * 4 ......... 115 4a M a r'0 6

4 § ... 1 9 4 0
1 9 9 0

So W l i c o n 1 s t g 5 s . 1 9 3
So M a r i e t t a S ee P e n n R R
So M a h o n V a l g 0 s . . . 1 9 3 8
So P i t t s S ee P e n n C o

C l L o r
C le v
C le v
C le v

C o l M id la n d

So

C o lo r a d o

1 s t

g

J -J
J -J

1 s t g 4 fe ... 1 9 2 9

S o u

4 s . .....1 9 4 7

F -A

So G r e e n v S ee S o R y
So H o c k V a l See f l o c k V a l
C o l So T o l
S ee H o c k V a l
C o l C o n n So T e r m
S ee N So W
C o n n So P a s R i v s 1 s t g 4 8 . 1 9 4 3
a k <fc G t S o
S ee O M <fe S t P
D a l i a s So W a c o See M K So T
D e l L a c k So W e s t e r n 7 s . . . 1 9 0 7

S ee
S ee N

t J o

R e g i s t e r e d ................................1 9 1 5
1 s t r e f g u
N

Y

g 3

V s ................... 2 0 0 0

So W

L a c k

1 s t 6 s . . .1 9 2 1

C o n s t r u c t io n

1 s t g

S y r

B

82s

3

M -S

M-N
J -D
J -D
J -D

JrJ
F -A
M -N
A -O
F -A

u d

7 s . 1 9 1 7

M -S

R e g i s t e r e d ...................................... 1 9 1 7

M -S

1 0 -y r

1 s t P a D i v

c o n v

d e b
c o n v

So S u s
So S a

A l b

K e n s

D e i R i v

R

C o n s o l

3 V s . . . . . 1 9 4 6

r a to g a

R R

So

D e n v

4 s ................... 1 9 1 6

G r 1 s t c o n

g o ld

G r

S ee

B r id g e

g 4 s . 1936'

g o ld

J -D
A -O
M -N
J -J
J -J

5 s ... 1 9 2 8

J -D

4 s _____ 1 9 3 9

W e s t 1 s t g

J -J

M g e a n d c o l t r u s t 4 & A .1 9 4 9

A -O

U t a h C e n t l s t g u g 4 s

A -O

G r S o

R i o

M o i

F t D

D e s

M

So
So M

in n

D e s

M o i U n

So T

D e t M

So M

D e t

R y

o l

1 s t

g

5 s ..1 9 1 7

71
91V

lie n

g

g o ld

So T

D u l< fe

I r o n

1

4 s ...1 9 4 1

6s

A -O

R e g i s t e r e d ............................................ 1 9 3 7

A -O

6s

2 d

R a n g e 1 s t

M -S

.. 1 9 3 7

D u l

..............................................................1 9 1 6

S h o r t L in ©

D u l S o

1 st g u

5 s. .1 9 1 6

A t l

So

S h o r e

1 9 a s t o f

5 e ..l9 3 7

g

S ee S

M in n

So

x 'ja s t T e n V a

C a iro

e x

g o ld

B r id g e

4 s

126*6 M a r’ 06
2
1084a 108*2
102** A n g ’ 06
102 5e A u g ’ 06
102 F e b ’ 03
127 ......... 133 F e b ’ 06
149 A u g ’ 01
109*4 Sale 109
109 78 v i i
40
112 113
113
UlS
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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

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1 st c o n

’06

_______

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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*.
Lake Shore gold 3*o«------1997 J -D .......... 9678 9 7
9d34 9 9 34
0 '34 M a y ' 0 6
Registered.................... 1997 J -D .......... 97
13 90 * 1 0 1 7
9 9 ”*8
1 0 0
100 Sale
a
Debenture g 4a...............1928 M - S
9 9
1 0 1 *b
1 0 1 *8 F e b ’ 0 6
D et Mon A T ol 1 st 7 s. 1906 F - A
K a A A G R 1st gu c 5 8 .1 9 3 8 J - J
125 lti M ar’ Oti
122 *2 125*2
Mahon C*1 R R 1st 5 s ..1 9 3 4 J - J
1 2 7 * 8 .......... 139 Jan ’ 03
Pitta M oK A Y ls t g u 6 s. 1932 J - J
1 2 5 * 2 ..........
2d guar 6a..........................1934 J - J
109
..........
M cK ees A B V 1st g 6s 1918 J - J
1 0 7 ‘4 1 0 7 * 4
M ich Cent le t consol 6 a .1 9 0 9 M -S 10 > .......... 1 0 7 * 4 J ' n e ' o i
1 I B 1* J ’ l y * 0 6
1 1 7 122
118*4 1 2 0
5 s ...........................................1931 M - S
119 119
115 11 9 H 1 1 9
i
J ’ n c ’0 6
R egistered.................... 1931 Q - M
104*2 104*2
101*2 102 c 1 0 4 * 2 M a r ’ O G
4 s ...........................................1940 J - J
1 0 6 * 2 N o v ’ OO
R egistered.................... 1940 J - J
J L A S 1st g 3*os............1951 M S
9 0 * 8 98*2
97 J ’l y ’06
97
M -N
1st g 3 *o 3 .............................195
B at C A Star 1st g u g 3 s .1989 J - D
ib ‘i
J ’ i y VU 6
1 0 i c i o i^a
N Y A Harlem g 3 * o s ...2 0 0 0 M - N
R egistered........................2 0 0 0 M - N
119*2 M a r’ U6
N Y A N orth 1st g 5 s. ..1 9 2 7 A -O
1 14 J ’ l y ’ 06
113*2 H d
R W A O c o n ls t e x t 5 s .A 1 9 2 2 A - 0 113*4
11334 J a n ’ 02
Oewe A R 2d gu g 5 s ...« 1 9 1 5 F -A
R W A O T R 1 st g u g 5 8 .1 9 1 8 M - N
104
104
..........104
104 J ’l y ’ 06
U tica A B lk R iv g u g 4 s . 1922 J - J
18 103°4 106
1 0 4 y4
N l r Chic A St L 1st g 4 s . 1937 A -O 1 0 4 * 8 1 0 5 * 2 1 0 4 * 2
103 Oct ’05
Registered............................1937 A -O
N Y A Greenw L ak e S e e Erie
N Y A H ar S e e N Y C A Hnd
N Y Lack A W
S e e D L A \V
N Y L E A W S e e E rie
N Y A L o n g B r S e e C en t of N J
N ew York N e w H a v A H a r t—
118
124 125
1 24 F e b ’06
Housatonic R con g 5 s .. 1937 M - N
N H A D erby con cy 5 s .l9 1 8 M - N
N Y A N orth S e e N Y C A H
101*4 A u g’ 06
1 0 1 *2 ..-100*4 1043.t
N Y O A W r e f I s t g 4 s ..fir l9 9 2 M - S
101 1 0 1 H
101*2 J ’n e ’ OG
R egis $ 5 ,0 0 0 only.......... ^1992 M - S
N Y A Put S e e N Y C A H
N Y A R B S e e L on g Island
N Y S A W S e e Erie
N Y T e x A M S e e So Pac Co
1073^ 111
102*2! 110
110 M a v ’ 06
N or A South 1 st g 6 s ..........1941 M - N
1 3 1
_______ 1 3 1 7s J ’ ly ’ 06 . . . . 13178 13234
N orf A W e s t gen g 6 s ........ 1931 M - N
129
........ . 13034 F e b ’ 06 . . . . 13034 13034
Im provem ’t A ex t g 6 s .. 1934 F - A
1 3 0 * 2 ........ 1 2934 N o v ’ 05
N e w R iver 1st g 6 s ........ 1932 A - 0
10078 10 1
1 0 1
S a lt*
9 9 9 ;*4 1 0 2 78
N A W B y 1st con g 4 s . 1996 A - O
100 F e b ’ 06 _____ ■100 100
R egistered........................ 1996 A - O
95
.
99 J ’ n o ’ OG ___
9 7
9 9 *2
D iv ’l 1st 1A gen g 4 s .. . 1944 J - J
93
93
7 91
92*2L
9 5 *2
Pocah C A C jo in t 4 s . . 1941 J - D
1 0 9 *2 F e b ’ 0 5
C C A T 1st gu g 5 s .......... 1922 J - J
9908. 9 9 ^ L 0 1
99^103
J ’l y ’0 6
Scio V A N E 1st gu g 4 s 1989 M - N
N orth Illinois S e e Chi A N W
N orth Ohio S e e Li E rie A W
103^4 :Sale 103*2 103 7g 8 9 I O 234 1 0 6 * 4
N or Pac— Prior lien g 4 s .. 1997 Q J
102*2 A u g ’Oo
102*4 106
R egistered........................ 1997 Q - J
7 6 *4. 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
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106
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91
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tt
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116%
8
95
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121
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122*4 1 2 2 %
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92
91
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81
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...................... 95 J ’ n e ’06
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111
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4 s . 1 9 5 5

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116
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llo
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3
88 “
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g o ld

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124
1 3 2 % ......... 134%
136%
*1 1 5
......... 119
118
1 2 0 % L 2 l%

______1 9 2 2

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82%
76

1 0 7 % . . . 0.. 106% A p r ’ 06
131
.......... 133% J ’ n e ’ 06
140 M a y ’ 02
107%
1
108
.......... 107%
1 1 6 % A p r ’01
1 0 8 % .......... 108% J ’ ly ’ 06
* .......... 1 0 2 % 101 A u g ’ 06 . . . .
103 % S e p ’ 05
1 0 1 % .......... 1 0 1 % J ’ l y ’ 06

A -

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89
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5 s ...................................... , 1 9 3 6

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107 % ..........
11 4
..........
1 0 9 % ..........
1 1 1 % ....
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..........
1 0 9 % ..........
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in
..........

6 s . . .1 9 1 6

s t a m p e d _____ . . . 1 9 3 6

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120*8 1 2 1

5

C

4 - o s .............................. 1 9 2 1

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1
84%
84%
77% A u g ’ 06 —

95*8 Sale
.......... 86
7 6 *2 7 /3 4

J-

R e g i s t e r e d ........................................1 9 3 7

M o n t

85

4 s . . .1 9 4 8
5 s _____ 1 9 1 9

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L

112% 114

5 s ........................................1 9 2 6

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6s . . . 1 9 2 5
6 s _____ 1 9 1 5

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c t f s . . . p l 9 8 9

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g

s e r

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l s l

rp e r A

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4 s ................................. 1 9 3 2

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10 0 % 1 0 2 %
10 0 % 1 0 2 %

101 J ’ n e ’ 06
101% J ’l y ’ 06
125 J ’l y ’ 06
110 % 1 1 1 %
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102 % A u g ’ 05
82 %
83
97 M a y ’ 06
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83%
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A

b o n d

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G r a y ’s P t T e r 1 s t g u g
S t P a u i M

82 7s S a le

b d c t f s .1 9 8 9

g

m e

do

1 9 3 6

J
J
M-

4 s

1 s t

C o n s o l g o ld
S t P a u l

.. 1 9 2 8

1 s t g u 5 8 .1 9 2 9

S ee

S o

t L

4 s ........................1 9 5 1

<fe M

F t S <fc M

J -

J
J.

R e f u n d i n g

8

.......
..........
125 12a
IIOW 3 ..........
90
95

6s

1 s t g

M i d

S y r a B i n g

10 1
10 L

5 s ............. 1 9 3 8

3 s ................... 1 9 4 6

G a

A l a

S p o k

G e n e r a l g o ld
L

N

S ta t

M-

S o u t h w

do

S

C .................... 1 9 0 6

6s

do

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g

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W

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do

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12 2

io

C la s s

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12 2

5 s . . 1 9 3 0

5 s s t a m p e d ........................ 1 9 2 7

C a r

94%

W a b a s h

2 d g

S F r a n

g o ld

90

1 1 1 * 4 ..........
1 14
.........
1 1 8 % Sale
114 % 1 1 4 H
7 0 % 72 %
1 1 9 % 120

..............1 9 1 6

5 s ........................ 1 9 5 6

1 s t

R y

S e r ie s

J ’ l y ’ 06
J a n ’ 06 —

g

lie n

do O h i o
do D a n c

W e s t N

M-

2 d

90
122

6s

D i v

g o ld

119

g u a r 4 s . 1 9 4 9

1 s t

a

G e n e r a l

90
94
.......... 124

?

1 9 0 6

S t L

G

V i r g in i a

9 8% 100%

................ 1 9 1 8

4 s ............. 1 9 4 8

g

1 s t g

r e o r

D e b
S o

1 9 9 6

M o b

a d

P a c

R i c h

1 0 6 % O c t ’ 05
.......... 9 8 % J ’ n e ’ 06
10 1 % N o v ’01

1 s t

M id la n d

K n o x

................................................ 1 9 9 6

I r o n
C

M a r ’ 05
D e c *05
J a n ’ 05

4 s _____ 1 9 5 1

6s

g

r e e n v

1 s t

T e n

M a r q

g 6s .

1 s t

1 s t

G a

109
76
89

4 % - 5 s ... 1 9 9 6

1 s t g

99 1 0 2 %
85% 90
104% 105%
106% 107
102
102
113%
i 111

18

111 *4 J a n ’ 06
.......... 110 A p r ’06
116 Sale 115%
7
116
116 J ’ l y ’ 06
9 4 % 95
94%
95
3
118
117
117% 118
1
98
A u g ’ 06
1 1 3 % .......... 113 J a n ’06
96 J ’ u e’ 06
9 0 % .........
92 J ’ n e ’ 06 —

o a _____ 1 9 9 4

g

......................
118 118

10 2

c o ll t r g 4 s .. 1 9 3 8

D a n v

a &

R i c h

a

..........105*4

6 s . .1 9 1 1

R ange
Since
,J a n u a ry 1

H igh A 0 IjOw H ig d

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4 s g .1 9 3 7

4 s ..........................................................1 9 4 8

C o l

C e n t

4 s . . . 1 9

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5 s . ..1 9 3 9

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do

....................................... 1 9 1 2

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M o b < fc O h io

116 M a y ’ 05
173
99%
100
1 0 0 % J ’ n e ’06
99 A u g ’ 06

5 s . 1 9 2 7

4 s .................1 9 4 0

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P it t s

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C

E

g u a r

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A t l

G u a r a n t e e d .......................................... 1 9 4 0
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. . .c l 9 0 9

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6s

S o u t h e r n — 1 s t c o n

120 O c t ’01
.......... 112% D e c ’ 02

J 10

4 s . . . 1 9 5 1

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6s

g o ld

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115 % 1 1 5 %

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4 s ..............1 9 9 7

c o ll

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'a t
S O'

1 2 3 % .......... 129 4 N o v ’04
F e b ’ 06
1 1 3 % ......... 118
106 S e p ’04
113 J a n ’ 01
99 % ......... 99 A u g ’ 06
85%
£ 5%
*
85 % S ale
103% ....... 105 % M a r ’ 06
105
.......... 107 A p r *06
1 0 1 % ......... 102 J a n ’ OO
Ill
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111
1 1 4 % D e c *04
119 J a n ’ 06

...................................1 9 2 0

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8

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...............1 9 2 2

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1 s t

s t c o n s o l g o ld

112

5 s . . . a l 9 2 8

<£ Y

do

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. . . 1 9 3 2

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6s

g

1 s t

T

Week's
Range or
Last Sate

p r ic e
b rid. ay
A vgu st J7

S t a m p e d ................... 1 9 0 5 - 1 9 3 7

S ee B &
S ee P e n

1 s t g o ld

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1 9 2 1

7 s . 1 9 1 1

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W do Ch.

P it t s C le v e

6s

8 Ads

K R

6s

g u a r

g o ld

o f C a l

N o

1 1 4 ^ .......... - 123 % Jan ’ 05
100% D e c ’ 05
109 ‘ A p r ’02
1 1 3 * 4 ......... 1 1 2 % A p r ’06 . . . . 1 1 2 % 118
107 J iy ’ 06
..........108
107
110%
111%
...................... 110 A p r ’ 06 . . . . 1 1 0

5 s . 1 9 3 9

P e n n

P it t s

110 % S ep ’04

do

L a

! *SA.

(C o n tin u e d )

P a c C o —

M o r g a n ’s

4 s . 1 9 3 1

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C r e e k

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5 s

1 s t g u g

W

P in e

S o u t h e r n

110%

l e t

___ 114

j-c

E X C H A N G E

W eek E nding A u g u st 17

L

.............. 1 9 2 0

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High,

109

S T O C K

G u a r a n t e e d

5 s ..................1 9 3 9

l ) i v

H

M

. . .

1 s t c o n s o l g o ld

P h il B

Jliuh A o lyov)

Y .

N a s li

g o l d 4 * % s .......................................£ 1 9 2 3

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110 % F e b ’ OG

4 e . 1 9 4 4

S ee L do

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S a g T u s t fc

ass

y-

N .

4 s . . . 19313

A t l

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4 s .. 1 9 4 3

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1

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W

tfc L e w i s

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1 7

u g u s t

(C o n tin u e d )

R R —

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A

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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

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5 -2 0
c o n

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W o r k s

&

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6s . .
1 s t 6s.
f g 6s .
g

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1 9 2 3

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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 P a ss R y .......................
•0
05
OS O kie k O ak P a r k ........100
2 3
*20
Do
p r e f ................. 100
2 3
6 0
49*4
6 0 S C h ic a g o S u b w a y ........100
6
O h io U n io n T r a c t ___ 100
1 6 %
* 1 6 %
"1 7**
Do
p r o f..................100
S ale 58
A u c ’ O O K a n s C ity R y k L t .. 100
88
'8 0
Do
p r o f ..................100
08
30
30
* 2 8
M e tr o p o l \V S K i e v .. 100
s a l e 68
J T y ’0 0
Do
p r e f..................100
Sale 4j
A u g ’ 0 6 N o r th C h ic S t r e e t ___ 100
* 2 4
20
N o r t h w e s te r n K i e v .. 100
'35
*0 4
00
6 0
Do
p r e f ............... 100
9 6
9 0
9 0
S o u th S id e K i e v ......... 100
S a l e 2 8 '4
A u g ’ 0 6 S t r e e t s W S ta b le O L 100
100
100
* 9 8
Do
p r e f ............... 100
3 0
* 2 8
35
W e s t C lu e S t r e e t ........ 100

4

Last
Last
20

00

90
Last

2 8 4

R a n ge fo r
1906
L ow est

155

J ' n e ’ OO

170
24
2 ,0 9 5
300
25 0

^ %

483
4

9 9

1 0 0

• 2 9

*6

6 4

16

2 0

Triday
A u g . 17

L a s t S a l e 16 7 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

1 1 9

1 2 1

* 1 1 9

1 2 1

1 2 8 4

1 * 0

'1 2 8 4

1 2 0

8

6 5

6 6 4

^

6 5

1 0 7 4 1 0 8

6 5

65 4

* 2 9

3 0

* 3 8

3 9

* 3 8

* 2 9

* 1 1 0 4

1 1 0 4 1 1 *
................
5 8

* 5 6

1 1 2
5 8

3 9

* 5 7 4

3 8

i" 4

* 1

1*4

*1

1 4

6 4

* 6

6 4

* 6

6 4

*6

6 1

1 2 0

1 4 0

'1 3 7

* 1 3 7

1 4 0

6 2

1 1 8

♦ 1 3 7

1 4 0

1 2 0

1 2 0

1 09 4 1 1 0 4

1 1 0

1 1 0 4

1 2 5 4 U

5 4

1 2 5

1 2 5 %

4 7 4

* 4 6

4 7 4

* 4 6

....................................

....................... ...

* 1 1 8
1 2 0
1 0J34 i i o 4

* 4 6

—

* 1 1 8
10S 34

4

1 2 5

4 7 4

1 2 5 4

* 4 5

i2 5

* 1 0 7

S a l e 29
39

Last
Last
Last
Last
Last

6 8

1 1 7 4 1 1 7 4
• 8 1 34
1 1 8

8 8

6 8

1 1 7 4
* 8 1 4

6 ^ 4

1 1 8 4
8 8

’ 1 1 s

1 1 9

6u

9 8 4

' 4 9 4

5 u

0 3 4

• 4 9 4

* 9 7 %

9 8 %

l0 4

1 0 4 4
2

^

1 0 3 4 1 0 4

1 0 4

♦13U

1 1 4
*3 1

4

34

2
1 1 4
33

1 0 4
1 7s
1 1 4
3 3

9
3 4

1 1 9

6 8 4

6 8
1 1 / 4

6 8

117 4

* 1 1 7

6 8%
116%
*86
* 118
Last
Last
Last
*97*4

6 s

S a l e 111

1 1 8

8 6

8 6

* 0 5

0 8

* 1 1 8

1 1 9

1 1 9

1 1 9

'4 9

v

1U 4

5 0

'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 .
P h .
B

•»

le i is ; u r e t ..6 u

<c N
S

G e r m a n

j

•. -

B u s q u e h

1 > • / . • : a i ............ 1 0
I

on

A

N

J

K B

a

11

C . . 100

u n i t T r a c P itts p r e t ..5 0
'W A n r ic k i r o n A S t e e l. 1 0

A

C o a l....5 o
K le e .. 1 0c

W e s t

J e r s e y

5 s

G a s -L

L e li

T o p

1 9 2 0
s tk

1 s t g

c o n

N a v

V

4 s

t r
5 s

c tfs
1 9 2 8

o s ’2 5 A - 0

2 d
* 2 V

4 T s

C

’0
2

’3 3 . . J -J

1 9 1 0 ............................ M - S

106

C o n s o l

6 s

l l “

G e n
j L e h

V

c o n s

2 0 0 3 .M -N

G a s o s

!N e w a r k

c o l tr 4 s ’2 1 . J -J
B y

B y A

T r a c

1 st 5 s

L

*4

W lk s -B

v

u

T

9830

98*2

C o n s

5 s 1 9 3 0

9 7

A la

G a S o A

93

3 4 2

3 5 2

9 0

95

1 3 V
3 6
3 0

13*4
36 V

9 7 V
78

9 9

9*4

10

C o r p ...5 0

B r e w i n g ...................l u o
B o n d s
A P o t 5 s ..................

M t

V e r

C o t D u c k

8 5

N p t N A O
G e n e r a l
N o r fo lk

o s —

1 9 2 6 _____ J - J

5 s

1 9 2 6 _____ J - J

P o t o
S a v

V a l

110

U n

1

1 V
1

P e n n

2 V
l8 * V

P a

A

C o n
’55
6

2 5 7
6
62 V
9 3

............

...............

6 s

C o n s o l 5 s
P e n n

1 8 V

g e n
A

M d

N Y
4

m

r 1 9 1 0 .. V a r

1

: : : : : :

5 s

c o n

6s.

1 9 4 1 . . J -J

1 L4

S e a l) A
S o u l h

9 0

92

9 0

9 2

103 V

1 9 9 7 . J -J

L 4 s

R o a n

5 s

B o u n d

1st

1 9 2 6 . J -J
6 s ..A - 0
M -S

I n c o m e 4 s 1 9 4 9 .............. J - D

70*2

V a

M id

2 d

E l 1 s t 4 s ’4 9
1 st 6 s

se r ie s

6 s

101*4

1 0 3 'S

103 V 1

101

M J iV l
71
7 0 3|

$7.60 paid.

\

1 9 0 6 ..M -S
1 9 1 1 ... M -S

3 d

102 V
J0 7

1 0 3 V

4 th
5 th

B a lt T r a c 1 s t 5 s . . ’2 9 M - N I

116

117

N o B a l t D i v 5fs 1 9 4 2 J - D

i b i ”
103*4

111*2
93*2
9 1

R y A

117

120

i ’1’4 v
112

L 15 V

W e s t N C c o n 6 s 1 9 1 4 J -J
W e s V a C A P l s t b g T 1 J -J

1 9 3 0 J -J

C o n v e r tib le

5 s . ’0 6

C e n t ’1 B v c o n 5 s l9 3 2
E x t A

I m p

r 415 paid.

5 8 .1 9 3 2

A -O

M -N
M -N '
M S

| $10 paid.

................

4 $20 paid.

W il

A

6 s

1 9 1 6 ..M -S

se r 3 -4 -5 s 1 9 2 1 . M -S
se r ie s 5 s 1 9 2 6 .M -S

W e ld

a R eceipts.

5 s - . 1 9 3 5 . J -J

0 $25 paid.

112*2
9 5
9 2 U
71

.....

1 08
1 14

V a ( S t a t e ) 3 s n e w ’3 2 . J -J
F u n d d e b t 2 - 3 s 1 9 9 1 . J -J

h

P 1 s t 6 s in I ’ l l

s e r ie s

87

113

1 st4*2 8 *29 M -N

112

B a lt A

1 13

36* *4

1 9 5 0 A -O

1 10

E x c h a n g e 3 T

1 9 3 9 .......................A - O

d and asked prices; no saiee on th is d .y. \ E x-rights.

4 s _____ J - J

B a lt C P a s s 1st 5 s ’ l 1 M -N
B a lt F tin d g 5 » . 1 9 1 6 M -N

’3 9 . A O

P e n n Steel la t 68*17 M -N
Pen le’ s T r tr cert s 4 s ’ 43|
P C
1st A col \r 5 s ’ 4 9 M - S
C
1A col tr os 11*51 M - N
P h i
E lec g old truift c tf * .,
'T i ist c e r t ifs 4 s .................. ;

C tfs o f in d e b t

J -J

0-20 y r 4s 1 9 2 5 .......... J-J

1 9 1 9 ... V a r

S te e l

C a n

1 0 8 V

104 V

115

W e s t 6 8 ’3 4 A - 0

5 s

1 st o s

F la A

A t l C o a st L (C t )c t fs 5 s J -D

’3 6 . .M -N

863
4
. . . . . .

10S

110
112

T r a c

U E l L A P

1 st 4 s

115
63
39

1 15

5 s

lo o

P e n n

iil'* 4
103 Vr
104 Si
115
105
lObSi
109 V
n ov

1 09

B

P itt U n

97 V

A -O

A

K K 4 a l9 5 2 M -S

N o

106
96 Sa

A I-S

S e rie s

C

6 V

104
96
115
1 10
110 V
102*12
103
113
104 Si
109
109
1 09V
119
113
6 2 34
38 «8
105
1 15
116
86 V

M -N

S e rie s

S e a b o a rd A
1 04

1 9 4 1

N o r t h C e n t 4 *ns 1 9 2 5

C h

1st 7 ...1 9 0 7

o s .

.S t 1 s t 5 s ’ 4 4 . . J - J

A lla n

L

M -N

1 st

P 1 s t 5 s ’3 8

A ll A

................ ................

1 9 5 1

E l 1 s t g u 5 s ’4 2 M -S

N o O h io T r a e c o n 5 « T 9 .J -J

1 9 3 9 ...M -N

o s

M e tS t( W a sh ) I s to s ’2 5 F A

9 9

4 «

J -J

3 -4 s 1 9 5 1 M -S

in c o m e

9 S a4

I n c o m e

A sk

I n c o m e s .............................................

B Il. 1 0 0

(C o n n )lO U

A n a c o s t la

1 s t 4 s ’ 3 9 J -J

1 st o s g ’2 9 J -J
1 s t 6 s . . . ’2 2

G -B -S B r e w

N

N o

J -D
J -D

1 s t e o n o s ’ 4 5 J -J

6 0

PJi A

6 s . . .1 9 1 0

N

4 9

Y

1 st o s ’ 2 0 F -A
1 s t 6 s . 1 9 1 6 J -J

F la 1 st o s 1 9 4 5 J -J

L a k o B
9 0 V
ISO

C o .................................. l o o

111 V

G a A

2 d

p r e f ........................................ 1 0 0
S

B y

C o l A G r n v

K n o x v T r a c 1 s t 5 s ’2 8 A -O

j G e o r g ia S o u A
F la ... 1 0 0
1 s t p r e f ..................................... 1 0 0
G -B

I

1 st 5 s . . ’2 2 J - D

G e o r g ia P

100*4

c o n 5 s ’5 5 J -J

P r e f e r r e d .................................. 5 0

2 d

S u b ( W a s ) l s t 5 s ’4 8

G a C a r A

74

C o t D u c k

C ity A

_____ __

7 3

1 9 4 8 J -D

P a s s c o n

96*4
8 7

t 5 s 1 9 3 0 .J -D

C oa st L

A -O

S u b

5 s ......................................1 9 3 9

1 13

L in e

e x t 5 s . ’0 9 J -J

C o n s o l G a s

1 12

’9 7

A

7 s ........................... 1 9 1 0

C o a l A
101*4

J -J

5 s

C h a r lo t t e .. 1 0 0

C o a st

C a n to n
T

5 s ’ 1 9 . J -J

A la C o n s C o a iA I r o n .1 0 0
P r e f ..................................................10 0

A lla n

112

1 9 3 0 .

101 V
100*0

B A L T I M O R E
I n a c t iv e S t o c k s

A lla n
1 11

1 0 4 V

5 s ’5 4 J -J

c tfs 4 s ’4 9 J A J

G A K

A t la n t a A
IM S

g e n

B y s T r

W e is b a c li s

...............
6 9

I n d

c o n

U T r a c P it g e n

T r a c 1 s t 4 s ’2 9 . J -D

N e w C o n

B

U

1 9 2 3 .............J - l )
4 s

A

2 d

E l 5 s ’9 9 M -B

C ity A
1 2 1

W

4 s g

U n

6 8 V

...............

J -D
104

M

A

C h a ri C A
1 1 3 V

’4 7 . A -O

1 05 V
105

C h a s B y G

5 4 *i A pr
32 D eo
1 2 Feb
17*4 Jan
49 Jan
25*4 M ar
123*12 N ov
90 *2 N ov
i
534 Jan
7 3 78 A u g
55*4 N ov
12 V A p r
236 A p r
71l3i0 N ov
47 V A ug
50 4 N ov
63*4 O ct
1263e A p r
31 N ov

B id

B A iyp u am cE
C h a s C ity B y 1 s t o s ’2 3 J -J

5 s ’3 3 . A - 0

68 g 1 9 1 1

Los

A n n u i t y 6 s ..................J - D
. . . . . .

M

A sk

g ’2 0 . A -O

1 9 1 1 ............ 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

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13,722
25,865
4,561
4,056
1,560
84,857
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13,102
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^

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 •
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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
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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
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e+
5
err
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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 £
£
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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)
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|
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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
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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
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h oldin gs. Som e bu yers o f g o o d s are natu rally h oldin g off
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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

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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. Sellers, On the oth er h a n d , w ith their
ou tp u t sold up for som e tim e to com e, fail to see h ow there
can be an y w eakening during th e ba la n ce o f the y ea r. B oth

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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,