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5

.

8

1

6

i

7

'

financial

rankle

INCLUDING
Bank and Quotation Section

and City Section (semi- Annually)
Street Railway Section ( Thr^J5noa )
State

(Monthly)

Railway and Industrial Section (Quarterly)
tutored aocorttinsr to Act of donfrresa. In the year 1905. by William

A

weekly newspaper entered at Host

VOL.

New

Office,

B.

York. a* «econd-cHs«

Dana Compaxt.
mvfer— >v illiam

SATUBDAY. AUGUST

81

In the oitioe of Librarian of Congress, WaalilnRtou, D. C.
B. Dasa Compant. Putdlshers. 7*14 Pine St., N. T.

19

NO. 2095.

1905.
Krrt

£he Chronicle.

t'/furwius

at—

1905

eintiii'i

IH04

nii/u.-t

or

tnt,

12

1602

iitos

PUBU.SHED WEEKLY.

Terras

ttonton

Subscription— Payable in Adrance

ol

For One xear
For Six .Mouths
European uo.scnption (including postage)
European subscription su Months (including postage)

$10 00
6 0U
13 00

Annual subscription in London (including postage)
six Months subscription in London (including postage)

£2
£1

llarttor.l

New Haven
3prtng0eld

Worcester

7 50

14s.
lis.

Sections—

subscription include* lollowing
Statu and City (semi-annually)
Bank AND quotation (monthly)
Railway and Inulstkial (quarterly) Stkkkt Kailwav (3 times yearly)

Portland
Kail Kiver
Lowell

Holyoke

New England

Total

-18

1.855 410

+22-2

1.831. 0.1.

-4-17-4

1

636.868
478.1-2
720.407
430.297

+17 9

125 .'.63.323
6.343.000

+ 1.-8

2,288.9.11

862.347

119.847.600
6,056,600
2.541.210
1 450,385
1.475,348
1.534,856
1.434.475
798.184
511,690
472.056
840.588

142.U76.iMU

134.465.941

156.707.912
21.178,800
16.850,135
12,9n6,75o
7.680,901
0,487.961

149,768.099
20,474.660
14.838,105
11.797.861
6,983.606
4^} 12.052
4.146.850
3.489.070
2.413.891
1.707,861
1,482.483
1.135,178
578.700
643.168
446.806

2.878.87
1.875.580
l.: an.
24

I

1

1

+ 16-5

1.196.561

1.630. 7 0S

,

New Bedford

1

111.258.510
5.434.700

131.147,680
0,345,soo
2,633 188
2.266,321
1,563.436
1,893.631

Providence

604 847
618.463
446.607
332.852
414.514

1

457.386

+8 4
+24 3
—7

1,400.136

+ 1166
+38
+ 18

632514

639.939
461.232

1

149.246.601

126.516.428

180.161,588
20,934.300
12.916,392
13,806,506
8.460,773

102.488 687
25.692.500
12.119.970

6.253.551
4.896.900
8.811,084
2,754.184
2,163.506
1.435.67W

6636,141

-4-8

4 360.200

8.791 300

3 807,101
2.455 790
2,023.088

+ 18-4
+01
+18

8

2,408232

1.435,04r
1,880.863

+6-9
+0 04

—17-8

8,169 546
1.688.035
636.761

|

Chicago

Terras ol Advertising— Per Inch Space

Cincinnati

20
00
00
00
87 00

Transient matter per inch space (14 agate lines)

Two Months

(

.
,,
c
n „ ,„„„„ Card*
r«„^. 1J Three Months
Business
Standing
&lx MonUl8

(13 times)
(o b

times)
(52 times)

Twelve Months

(

$4
22
29
50

(8 times)

Rapids

lay ton

Akron
Springfield.

Rockford
<pruisrrleld.

The following

Ouncy

made up by

telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, August 19, have
been 12,481,587,730, against {2,230,577,886 last week and
$1,870, 29 1,14-8 the corresponding week last year.
Cltarino*— tteturn*

table,

u\i

telegraph.

Week BncKfM AUgiut

New

* ork
Boston

U.317.578,694

.

Seven cities, 5 days
Other cities. 5 days
all cities.

Total
•

t91S.899,163
69.476.674
77.599,915
15,824,989
166.957.317
44,394.237
9.298.013

108.164.549
111.979,715
18.5dl.225
151.481.740
•45,079.784
11.129.991

Baltimore
Chicago
Bt, Louis
New Orleans

Total

5 days.

.

lday
for week.

all cities

P. Cent.

+43

5

4-20-9

+44-3

+173

,

Mansfield
Jacksonville

Jackson

Ann Arbor

]

H'ort.

903,310
394,877

Wayne

South Bend
Total Mid. Western

San Krancisco
Los Angeles.
Salt

Lake City

Portland.

Spokane

Tacoma
Helena

-8-7

Vaxiio

+ 1-5

Sioux Falls
Total Pacific

4-19"

Kansas City

$1,708,975,043
302.496.274

$1,821,450,308
269,987,468

t2.066.47l.922
423.125.798

*1,581 437.776
288,853.872

+335 Minneapolis
+ 16-4 Omaha
PauL
+307 St.
St. Joseph+472 Denver

«2.491 ,597.720

$1,870,891,148

-I-33-2

Des Moines
Sioux City

Topeka
Davenport

Part It etuiuatea.

The

,

Decatur

Seattle

Philadelphia

All cities,

1904.

1905.

19.

O

Blootnington

week covered by the aliove will be Wichita
Colorado Springs...
given next Saturday. We cannot furnish them to-day, clear- Cedar Rapids
Fremont
ings being made up by the clearing houses at noon on Satur- Pueblo
day, and hence in the above the last day of the week has to
Total other West'rn
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
We
full details for the

present below our usual detailed figures for the previous Louisville
Houston
week, covering the returns for the period ending with Satur- Oalveston
day noon, August 12, and the results for the corresponding Richmond.

week in 1904, l»o:J and 1902 are also given. Contrasted with
the week of 1004 the total for the whole country shows a gain
of 2?G percent.
Outside of New York the increase over 1904
is

19'

New York

1

Philadelphia
Pituourjrh.

Baltimore

Little Itock.

on

not at

...

Buffalo

365.940,678
I10.3o6,9oe
48.280.030
21,213. 10s

Albany
Rochester
flcrauton

Syracuse
Wllmlniiton
Heading
Wilkes Barre
Whee.lnj{„

Blngbamton
Greensborg
Chester

411..;-,

Trauklln Pa

506.6K!
296.7 19

Ine

Total Middle..

.

+377

83.698493

--31 8
--21-6
--14-9

1056,923
1.019.861
783.0-<!6

MM

\'i

;

410.500
341,560
381.360
408.730
Is.; 76.
1.

15b.»76,5:r-

1602

1.145.184 584 1,362.552.008
67.196.314
94.327.567

41.581.676
21.601.487

--186
- -305
--1T1

6,782.8
3.538.963
8.034.586

•1-72

2,163.065
1.271.866
1.180.930
1.172.658

87,802.870
24,951.

+ 12-0
4-128

»7-t

5,8.88.786
2.6

1

9:15.327

.

1.572.390.743

992.146.892

1

1

1603.

Dec.

39.715,009
18.464.9
e.iv^.iyi
8,435.778
8.166.845
2.478.877
1.42M.986

7.263,167
4.470.260
3.71 .796
8,657 15*
1.000,000
1,191,153
973,449
1.084,597
807.043
70SJHS8
410.600
431.001

.Washington.

inc. 01

1904

I.',

3.035.7H1
1,981.218
1,080.290
1,128.939
1,106,586

+3 3

+ 191
+ 12

883.627
730.486
389.400
408.828
488.944
661.964

+26+:io-;i

f$|

B

+35

9

495.51'

702.511
BOO.OOO
4 8.898
836,133

Mobile
Total southern ...
Total all
Outside New York

38--)

108 881

I

686.7'

—

-

»
-434

+116

449,695
347,905
361.688
398.633
309,505
193,30
250.486

-5-0

-116
-22-6

+32
+59

+51

5
175,61.
t8U
81V
98,381
Not induce d In 10
Not include in t
i

560 308
486,479
413 356
318.350
387,189
858.048
884.393
272.573
195,183
884,183
169.336
72,254

tal.
tal.

+60

240,755 400

288.849,748

30.640 691
6.891.688
4.000,000
2,406.653
8.337,735
2.14.. 651

20.366.715
4.799.912
4.586.081
3.337,826
8,704.666

64,352,620

50.610.919

23,597.132
13,678,158
8,197,808
6,014,861
4,071.797
6.064,197
2,388 49b
1,395,126
632,761
733.819
r
969,59
646.163
455,000
222,875
4S4.503

22.891.168
18.949.210
6,387,230

+28-3

5.0^0.301
4.687. I2(

— 13-1

4.012,533
2,208.851
1,055,415
933.117
681.416
1,021,204
591.544

--51

1

30 u
56 7
19-4

+J4 4
+63 5

1.728.022

--30-5
--16-0

402.781
439.304

+807
+878

208 960
51.167 On
21,547,726
11.576.012
6.925.059
5,594.685
4,140.196
3.826.438"

4-3-1

-20
+76

+511
+8-4

10,963.2: le
5,587.107

+68

— 5*8
+25 9
4-15

926.014
795.221
262.183
761,643
862.708
218,876

4 18-4

+119

+114

++•7-8
S'
J

103 066,616
8.230.577.96(1 1.748.203.68
I

20.324.670
12.696.149
6.493 300
5.468.337
4,330.998
4.588.916

742.110
547.651
488.127

816.645
475.045
715,336

149.858

152.134

56,731.860

60.742.80ti

61.225.12i
10.686,637
8,245.009
5,617.161
2.666.000
3,5 6.368
1.963,778
2.495.742
2. 18,66?

45.080.637
9.978,863
7.901.856
5,000,000
3.233.000
3,885.168

1

2,025 200
1.378.845

+20

3
+471-3

1,340.678
1,008.914
657,822
568,0 1

4231

+ 1-7

+54'8

<

-7

700.970
788.866
601,000
703,901
608.398

+0-9

+ 18-1

486-1
444-0

1.504,401
1,073.755

2,878.81 id

1,827.940
1.965.090
1.481.314
1.294.052
1.373.907
843.916
748,21!
603.00 :
725,160

483.000
175.000
327,861

-Ol

Not Include d

110,677.039

1

+283
4l89

81X1.081

45.908.040

al.

i

60.206.181
10.83 1.638
9.586.694
4 780,368
3,404 500
8.573,617
2.686.514
8,385.615
2.336,014
8,618,81'
1.862.830
1,583,187
1,088,357
1,130.680

897,071
230,438

2074.257

1

ttt

04.067.83ii

1.659.864
1,433.720
491.444

8,000. 12
66(1.180
1,260.521

+32-8
—33-6

+1-1
417 080
—1-4
226.109
d
in
o
Include
Not

69,062.840
47,5X0,256
13,635,434

In

t<

tal.

+ 71

+276

840.037,318

756,057.738

+ 14-4

23.477,1 13

+ 11-6
+100
+ 14-0"

019,217

20,989.761
16,004,775
5,680.68
1,806 185
8.888.048
1,738,869
1.800,7 so
891,371
1,091.468
942.678

(Ml8.l:i8

fiOW.707

99.460.008
I

1(22,6110.08-

W0.09O.0O2
.'093.6

737,620,8

777,7.

1

Canada—
Ml
Toronto

16.356.7Xf
0,868.4

-st

Halifax
Ottawa.

1,7

ver
ton
Bt. J-'lm
Lond< d

'anada

I

7

1,90
1.780.211
1,664,9*0
1.138 641
1.130,155

Victoria
I

4n-9

+166

107.71-0
1.000,00(1

Augusta
W'tek endimi auo. 12.
-

616.534
625.470
658.808
435.756
586 118
443.507
386.435
334,608
363,763
276.723
186.154
290.677
171,980
84,332

28,527,526
6.420,738
3,967.145
2,871.744
3.454 855
2,128,168
1 828,761
646,508
500.278
235.215

us.Ga

Knoxville

655.1 KX)

4-82-5

249,830.421

1,287,781

Birmingham

14 4 per cent.

-28

+ 10 8

33,276.772
9.700.000
5.196.311
4,500.608
4,123,061
2.860.638
2.989,380
843,871
578.123
283.875

ivllle

Atlanta
Nashville
Norfolk
Port \v>rth

3,501,810

264,848.141

Chattanooga

Memphis

+66
4-8-8
-49

506.82.'

19,227

4,869,000
4,250.000
3,005.948
3.772.510
2.702.631
2 800.866
1.554.791
2.188,154
1.389.315
1,150.000
1,382.717
800,848
802,686
345,3-2
060.HY4

Savannah

—18-

2.695.6 id
8,896.688

589.000
706.921
391.027
713.818
438.210

779,099
479,24o
798.432
496,384
464.290
501.783
330.578
819.600
308,466
319.384
261.823
265.198
211,667

Ill

You [Ik!.Mown
Kalamazoo
Lexington
Cantou

CLEARING MOUSE RETURNS.

1

1,143*10
420 000

Evansville

NEW YORK.

Font Office llox H38.

i

Columbus.
Toledo

1

Feurl Street.

ot

.Milwaukee
nd ia spoils.

'iraii't

<fc

Corner

Detroit

Peoria

CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Blook.
LONDON Ok'b ICE— Edwards smith. 1 Drapers' Gardens. E. C.
WILLIA.il B. DANA COM FAN V, Publittliers,
Fine Street,

Cleveland

+10 9

...

.

..7

o-l 61

,

I

68 :il6.07l

1,760

21.851.027
17.0!.

14.3-

4.010,006

2.226

-01

1.868,781
8,073.68?
,885.886
1,882,470

1.71
1,84.8.687

1,07

8V.'

+44

1,186.601

7-0.

-1

— 18-6

—85

1

+«
+ 91

:.6

1

H0(

6

l-\ 298

Ills

702.838

TOO 000

KIT

8

l-*4

7ui.i

ii

i

47,188.145

the Chronicle,

636

A continued

buoyant stock market has

have been recorded from week

facts that

It appears that at the

article.

moment

of the

source in

its

week

to

there

in this

Closer

it.

money

is

a probability of the near

future,

though at present a stringent market

pated.

Even

not antici-

is

a speedy breaking up of tbe Peace Congress,

which had been forecast as an event certain
a week

within

of its

closed found to be no

first

was

session,

longer imminent.

known

all is

relating to the proceedings

Congress, no one will question her liberality.

has gone to the extreme in

making

!-

easy for Eussia

it

;

he
to

accept her terms.

nothing

is

to hold in check the rising speculation, but everything to

stimulate

When

spirit.

THE FINANCIAL SITUATION.

[VCL. LXXXI.

Other than the proceedings and outcome of the Peace
Congress, the Chinese boycott and the Canton-Hai>kow
never will

occur

China.

as that

week

there, the

lose

to

absorbed
one's

of

Spirit

'76

China

most attention.

It

patience in dealing with

inclined to

are

Empire.

that

to

do

We

to

This change

has

concession

railroad

in

what

call

going on

is

applied

birth-throes,

its

Japan suddenly
power, and her lead-

has

seen

followed as a result of the delivery of the Japanese pro-

springing into being a world
terms of which precipitated a ing classes are beginning to
be
ambitious
for
discussion sure to last the remainder of the month and such an experience for herself.
She plays her part a
Whether these discussions will end in little clumsily, because she is trying to fly without wing!
possibly longer.
posals of settlement, the

agreement or renewed

fighting,

no one can

tell.

One

—

that

nation-making without going through

to play at

is

day the public takes the former view and the next day

the early experiences.

the latter.

in a marvelous way because she possessed the unique

Japan went through those stages

Too much is made as a financial feature of the result faculty of absorbing and adopting the good she saw in
We presume if it should end in other nations and rejecting the evil. China cannot
of the Peace Congress.
a fiasco it would exert a sentimental influence ad- change easily.
She will have to take her education by

No

doubt

to

end in a

settle-

is

hardly used by

verse for a brief time to industrial expansion.

Eussia intends,
ment,

if

the Congress

fails

to get the public to believe she

when she

terms, and thereby excite sympathy

Japan's

breaks off the conference, and so be able to raise a foreign

The

loan to further prosecute the war.

visit

to Ports-

mouth last week of a considerable number of
more important
the
members of leading Wall
was
Street firms
charged to be in part for that purOther parties claimed that it was under the guise
pose.
of a prospective indemnity loan that the gathering was

hard experience, just as most other people have.

What
heed

becomes the United States first of all to
that at the bottom of the present agitation there

is

it

a just cause.

is

The execution

has been almost brutally conducted.
the like methods

enforcing

the

Act
remember

of the Exclusion

We

all

Customs House agents employed

baggage-examination provision

of

in

our

Customs laws. Assuming, as they did, that every passenger who arrived on a European steamer was a liar

and

a

thief,

they

made

hot

things

for

him

or

Thanks to Mr. Shaw, Secretary of the
Treasury who by the way has shown throughout his
far as she had any, was to learn the chances of getting for- official life far more than the average common sense
eign money to carry on the war, not to end it.
Probably the whole practice was righted and the friction removed
if Eussia was able to give complete assurance to these as soon as he got hold of the facts. That is just the kind
bankers and men of their class of proper treatment, pres- of medicine that should be applied to the Chinese boyent and future, of the Jews within her domain
the real cott as a preliminary step.
We are glad to see it
some coterie of leading financial reported that Mr. Edwin H. Conger, at present our
object of the bankers
men might be found to join in underwriting a moderate Ambassador to Mexico, is about to be sent on a special
planned.

loan.

—

mission to seek to settle the differences at the bottom of

Such a movement and such a
Congress,

if it

close

to

the peace

could turn out as Eussia has planned

would simply add another campaign
is

to

the war.

it,

the boycott and the dispute over the

Canton-Hankow

railroad concession.

There

Our

nothing, however, in that to encourage the idea that

the situation of the two belligerents would be changed in

any

her.

—

—

Eussian

for

Russia's purpose in favoring the interview, so

bountiful crop prospects

influence in swelling

are

our foreign

already having an

That
that the coming

trade exports.

—

would be would seem to be almost an anomaly
deeper in her involvments and would have to pay a much crop should have a part in those data long before the
higher price to get out of them.
On the water Japan actual crops are made. It so happens, however, that there
has a free hand; if she is forced to fight further she will are considerable surpluses in farmers' hands this season
no doubt use that advantage, and every city in Western of some of last year's yields, which are now coming forEussia would be exposed to serious harm. On land there ward rapidly, being hurried to market because of the exis no reason whatever for believing that Linevitch has
pectation that the current year's production will by and
a better or even as good a chance of success by begin to move freely, and it is better to have off the
as

respect, except

his

predecessor

that Eussia at

had.

its

Besides,

end

his

defeat would

old stock before the

new begins

to

swell the receipts.

the
corn and corn meal exports
any Eus- For instance,
issued this
has hitherto met with; while it would ex- in July,
the
figures
sia
according
to
pose Eastern Siberia to Japan's prowess and occupa- week, were $2,527,674 this year against
$1,195,provisions
tion.
Some think that Europe would unite in forcing a 216, the corresponding total in 1901
peace if the Congress disagrees. That is wholly un- reached $17,350,462 July 1905 against $12,247,204
likely.
general European war might be precipitated July 1904, and cotton $17,456,575 against $5,455,022.
if it were tried ; but it never will be tried.
The time As a consequence, the total exports given in the general
for Europe to act passed long ago.
Japan will be statement of articles under the head of Breadstufls, Proallowed to settle alone her affair with Eussia and she visions, Cotton, Petroleum, &c, was $46,293,304,

be

followed

by

a

wider

disaster

than

;

A

—

has shown herself fully equal to

it.

good reason

is

to

suppose that she

Besides, there

is

acting in a liberal

a total of $29,102,435, the figures in 1904,
with
compared
July 1905
an increase in

against
or

AUG.

1901

July

has

tics

THE CHRONICLE.

19 1905.
$17,190,869.

of

issued

also

this

The Bureau of
week the general

trade data for

July, which shows that

exports of

articles

all

in

were $107,934,000. against

The Buffalo Rochester A Pittsburgh Railway

Statis-

foreign

the aggregate

that

month the current year

last

year's aggregate

the

(or

<i37

the smaller coal-carrying companies

succeeding annual report

Of

with each

course, business

element, but

favoring

a

is

pros-

addition the con-

in

now mileage has

judiciously planned

struction of some

one of

show a farther growth

able to

and gross revenue.

in traffic

perity

is

which

is

same month ol $85,223,000. It appears, therefore, that
had it not heen lor the increased amounts, these sur-

also helped the

pluses of last year's yields added to the exports, there

June 30 L905 aggregate gross earnings were $8,161,079,

would have heen
total

a

growth

A

July exports.

of

only about $5,000,000

in the

farther fact of interest is that the

excess of exports over imports in July 1905 was $24,077,710, and that this was the largest July excess in the

Government's record, with the exception
years of 1899, 1900 and 1901.

the three

of

upward movement. For the year ending

against $7,1529,9IJf8 in

increase

from

472

the

length

in

years

Commerce

that

it is

gaged

Commission announces

about to take steps to require

commerce

in Inter-State

railroads en-

all

minimum

to increase the

This

percentage of air-brakes used on freight trains.

work well within

the province of the

Commission and

have the support

the law

makes

it

the express duty of the

public

Moreover,

Commission

addition

two

last

to

$3,102,266

at

against $3,121,151 for 1904 and

$3,220,330

the

net

for

1905

for

1903.

In other words, with gross revenues increased $8(53,160
in

two years,

were added

expenses

About

dollars.

amount of

in

to

one-half of

expenses has been due

mentation in

proceeds with due deliberation and

does not act in a harsh or arbitrary manner.

the

this aug-

increased

to the.

in

opinion, provided

it

no

it

that

noticeable

is

receipts

being reported

almost a million

it

ot

gross

in

with

brought

It

is

action of that kind

will

miles.

gain

turther

operated has been only

road

of

538

to

earniugs, these

The Inter-State

$7,297,919 in 1902-03
In these four years the

1903-04,

and $5,830,619 in 1900-01.

conducting

of

cost

Thus

1905

in

the

rest

from enlarged main-

of the augmentation has followed

tenance outlays.

but

transportation,

was

$1,990,604

ap-

on maintenance account against only $1,521,267 in
1903.
The property has always been operated with

plied
to

look carefully into the matter, and after investigation to

great efficiency, and this has been made possible in
compel an increase in the minimum proportion of cars to
large degree by the heavy outlays upon the road and
be operated with train brakes if in its judgment such a
plant
in part representing amounts charged directly to

—

deemed necessary. The original Safety Appliexpenses and
ance Act required that every train should have a
net earnings.
"sufficient number of cars so equipped with power
course

is

train brakes

or

engineer on the

that the

drawing such train can control
ing brakemen to

of fifty per

of the

cent

have their brakes operated by

cars in each train should

the engineer of the locomotive drawing

amended Act furthermore provided

The

the train.

that "to

carry into effect the object of said Act, the

more

Inter-State

power or train
brakes, which must have their brakes used and operated
The Commission thinks that recent acas aforesaid."
cidents involving loss of life and property caused by the
"buckling" of freight trains the rear cars crowding forward upon those in front when emergency applications of
any

appropriations taken from

special

evidence of the high degree of operat-

ing efficiency attained

may

it

that during the

be noted

late

year there was

less

than 68 tons) to the train-load, bringing the average

a further noteworthy addition (no

load up to the high figure of 507 tons.

The company possesses

make

able to

and also

distinct

a

advantage in being

upon maintenance account

large outlays

special appropriations without endangering

for

dividend payments upon

common and

its stock,

preferred.

fully

Commerce Commission may from time to time, after
full hearing, increase the minimum percentage of cars
in

As

for that

2 1903 the Act was amended so

minimum

as to provide that a

speed without requir-

its

common hand-brake

use the

On March

purpose."

locomotive

in part

train required to be operated with

—

During the late year, while net income fell off in the
manner indicated, the requirements for fixed charges at
the same time increased, and yet over and above the
fixed

charges a

amount

surplus

out

paid

$1,387,271 remained; the

of

dividends

for

$6,000,000

of

preferred

stock

and

$9,000,000

of

common

stock)

was

Even

allowing

after

sum

the

for

per

(6

6

per

only

cent

on

cent

on

$900,000.

charged

ex-

for

and improvements and the
special appropriations, amounting together to $113,516,
air-brakes have been made on trains partially air-braked,
the surplus of income was $973,755, against the $900,have demonstrated that such trains are not actually under
000 paid out in dividends. Furthermore, in this no ac-

—

the

of

control

The
now
cars

engineer

the

Commission

is

practicable to increase the

operated

by air-brakes

nience to the carriers.

opinion

of

also

without

Accordingly

if

it

serious

common

to furnish

it

to issuing

number

of freight cars in use, the

jections can

As
is

As

a pre-

an order requiring

Appliance Act

of such

already

be urged against

deed the Commission

an

concerning the number

certain information

etc.

inconve-

such an order shall appear justified

carriers subject to the Safety

with air-brakes,

is

minimum percentage

liminary the Commission has issued
all

count has been taken of the $120,000 received in diviit

contemplates set-

by the statements and testimony presented.

stated,

cars

equipped

no valid ob-

such a course, and

in-

only fulfilling the requirements

of the law in taking the matter up.

expenditures

law.

percentage of

view

a

order requiring an increase in the
of air-braked cars,

that

minimum

ting the matter for hearing with

by

required

as

traordinary

dends by the company on
Pittsburgh Coal

&

new

dends

on

recently

used to

fiscal

$1,500,000

the

pay

to profit

and

In

loss account.

year the company will have to meet divi-

issued,

branch and

&

Iron Co.'s stock, this $120,000 hav-

ing been credited directly
the

holdings of Kochester

its

the

proceeds

balance of

the
for

other

new

of

of

the

capital

common

which

cost

stock

have

of the

requirements.

been

Indiana

A

large

cent years has

new mileage built in rebeen provided in this way through new

stock issues.

The

part of the cost ot financing the

tional stock just

amount of the $1,500,000 addireferred to was paid in by June 12 1005,
full

and the balance sheet now shows only the ordinary current liabilities with

current

assets far

same, the $500,000 of loans and
year ago having been paid off.

bills

in excess of

the

payable reported a

THE CHRONICLE

638

The

I

Vol. lxoi,

was irregular early in
this week, and, compared
the week, though generally firm, and after Wednesday
with last week, unofficial or open market rates were the tone was strong, especially for short and for cables.
steady at London, easy at Paris and fractionally higher One feature was the renewal of sterling and franc finance
Early in the week a report bills for another period of three months, which operation
at Berlin and Frankfort.

There was no change in
any of the European hanks

was current of a new

official rates

of discount hy

internal loan for $100,000,000 to

he issurd hy Russia on August 17 at 96£.

was

This

report

hy the issue of an Imperial ukase

later confirmed

authorizing the loan.

The
ciated

features of the

Banks

statement of the ISTew York Asso-

week were a

last

loss of

$1,933,500

in

foreign exchange market

directly affected long

paratively

little

and short

sterling, hut

had com-

influence upon Paris exchange.

was a good demand

for cables incident to

settlement on

London

special

it

the

demand was

There
the semi-monthly

stock market, and after this

satisfied there

came an inquiry

to re-

mit balances hence to London to take advantage of the

and a reduction temporarily higher rates for money there ruling comthe surplus reserve was pared with those in our market.
There were remittances
of $10,407,100 in deposits;
The
hank
state- again this week of Japanese funds to the British capital
increased $683,275, to $12,846,800.
among
other
should
reflect
items
week
the encouraged by the opportunity which was presented for the
this
ment of
transfer through the Suh-Treasury of $500,000 to CM. more advantageous employment of the money there than
cago and of $200,000 to Xew Orleans and considerable here; hut the volume so remitted was smaller than last
Commercial bills against cotton were liberally
other money sent elsewhere West and South; also the week.
Francisco
of
transfer hither from San
offered, and drafts against wheat deliverable in the near
$395,000.
cash, a decrease of $0,272,300

loans

in

,

made

future,

Until Thursday the market for money was

extremely

averaging about If per
resulting from the
increased
demand,
cent; then the
easy, with rates for call

active stock

caused a

loans

commission-house traders

hy

speculation,

rise in the rate to

2J per

cent,

money

time there was a firmer tone for time

Money on

the-year periods.
balances,

loaned on

and

for the over-

representing hankers'

call,

Stock Exchange during the

the

2£ per cent and at 1£ per cent, averaging ahout
2 per cent; hanks loaned at 2 per cent as the minimum.
On Monday loans were at 2 per cent and at 1£ per cent,

week

at

with the hulk of the husiness

If per

cent.

cent and

at

at

Tuesday transactions were

at 2 per

cent, with the majority at

2 per cent.

loans were

at

2 per cent

and

the hulk of the business at If
transactions were at

at

per cent.

2£ per cent and

On

the majority at 2£ per cent.

On

If per

On Wednesday

1£ per

On

cent, with

Thursday

at 2 per cent, with

Friday loans were

at

1\ per cent and at 2 per cent, with the bulk of the husiness at 2\ per cent.
Time contracts were freely oflered
early in the week, with only a moderate demand, but
after Wednesday there was a good inquiry for loans
maturing from January to March, which caused an advance in rates. Quotations on good mixed Stock Exchange collateral were 2f per cent for sixty and 3®3J
for ninety days, 34@3£ for four and 4 per cent for five to
seven months. There was an increase in the offerings of
first-class commercial paper and a good local inquiry.
Bates were 4®44; per cent for sixty and ninety day
endorsed bills receivable, 4£©4£ for prime and 4£®5
per cent for good four to six months' single names; some
very choice paper sold at 4 per cent.

The Bank
changed

at

of

England

2£ per

cent.

sixty to ninety-day

The open market

bank

rate of discount

The

remains un-

cable reports discounts of

bills in

London 2©2£ per

Paris

cent.

1£ per cent and
at Berlin and Frankfort it is 2£ per cent.
According to our special cable from London, the Bank of England gained £281,974 bullion during the week and held
rate at

£36,579,303 at the close

of the

not usually handle

is

week. Our correspondent

Some bankers who do

against exports of manufactures

bills

noticed good supplies of such drafts reflecting important

shipments, and

it

expected that these will continue

is

volume of exchange
bills.
The demand for drafts against commodities was so urgent as to
absorb the offerings, and rates therefor were maintained
at high figures.
Gold received at the Custom House
during the week $55,244.
Nominal quotations for sterling exchange are 4 85
for sixty day and 4 87 J for sight.
The market was active and strong on Saturday of last week, and, compared
with rates on the previous day, there was a rise of 10
large, contributing to

same available

at the

their appearance.

points

for covering

around

all

increase the

maturing finance

—long

4 8670®4 8680 and cables
day the market was easier
long to 4

®4
On

8475®4

4

to

to

8480©4 8490, short to
4 87^4 8710. On Mon-

at a decline of 5 points

for

8485, of 5 points for short to 4 8665

8675 and of 5 points

for

cables to 4

8695@4 8705.

Tuesday, while long was unchanged, short and cables

were 5 points higher, the former at 4 8670®4 8675 and
the latter at 4

87®4

8710.

On Wednesday

there

was

an irregular movement, with long 10 points higher at
4 8485®4 8495 and short 5 points lower at 4 8665®
4 8675; cables were unchanged. On Thursday long fell
5 points to 4

8480®4

8490,

short

rose

10 points

to

4 8675^4 8680 and cables 5 points to 4 8705® 4 8710.
The market was heavy on Friday and 5 points lower for
long and for cables and 10 points off for sight.

The following shows daily posted rates
exchange by some of the leading drawers.
FBI..

MON\.

TUBS..

Wed.,

for sterling

Thcr..

FBI..

tug. 11. Aug. 14. Aug. 15. AW). 16. Aug. 17. Aug. 18.

Brown
Brothers

60 days

4

Co. (Sight..

4

5

&

60 days
Sight..
( 60 days
Bank British
No. America.. (Sight..
Bank of
5 60 days
Montreal
{ Sight..
Canadian Bank 5 60 days
Commerce.
of
{ Sight..
Heidelbach.Ick- 5 60 days
elbeimer&Co {Sight..
hazard
5 60 days
{Sight..
Kreres
Merchants' Bk. ( 60 days
of Canada. .. {Sight..
Baring,

Magoun &

5

Co.

\

S3*
87*

4e5*
87*
85*
87*
4 85*
4 87*
4 85*
4 87*
4 85*
4 87*
4 85*
4

4
4

4 87*"
4
4

85*
87*

85*
87*
85*
87*
!5*
87*
85*
87*
85*
87H,

§2*
87*
85*
87*
85*
87*

85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*

85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
37*
85*
87*

85*
87*
86*
67*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*

85*
87*

85*
87*
85*
87)?

38
85*
87*

gain was due to imports of
The market closed on Friday at 4 8475®4 8485 for
which
£341,000
£10,000 from Germany, £5,000
long, 4 8665@4 8675 for short and 4 87®4 8710 for
from France and £326,000 bought in the open market),
Commercial on banks, 4 8450®4 8460, and
cables.
to exports of £385,000 (wholly to South America) and
documents for payment, 4 83f ®4 8490. Cotton for payto receipts of £326,000 net from the interior of Great
ment, 4 83f ®4 83£, cotton for acceptance, 4 8450®
Britain.
4 8460, and grain for payment, 4 8480®4 8490.
further advises us that the
(of

1

AUG. 19

movements ol money the 857,040 in
New York banks.
we get a total

interior by the

and trom the
Week

mMh au.j.

H

is 1906.
l

,v.

Total nold an d iennl tenders ...

.

millions

AX

Shirvtd
Sd /))/
Banks. X. r. Banks.

Interior

Movant

(8,008.000
17,000

17,217,000

Lots.

1,847.000

Lost.

14,008,000

88,884,000

Lost

With

88 801 000
:

is

as

follows.

—3,346,080.

movement

Interior

Into
Banks.

is iooj.

as above

idr-il

The followmg

tenders

..

Xet Change

Bunk

f8.8H4,(MK)

in

Botdfngt,

83.400,000

85,600,000

IiOM. 18,881
Lobs. 8,200,000

*23. 303.000

34.464.0O0

Low.

$4,903,000

Sub-Treasury operations
Total sold and

Out of
TSa n ks.

table indicates the

amount

18.181 000

of bullion in

European banks.

the principal

Aug. 18

Aug. 17 1905.

1904.

.Bank o'

118,03

Russia.

.

88.579,S0S

35.771.195

35.771,193

43,018,808 181.948.9SJ 107.878,630
12.04S.000 48,174,000 34.680,000

44,861.139 152.737,009
12.185.000 46.865,000

»,so;

SO, 13 1,000

18.897 .000

03,621,000

of

in

1002,

over

3 1-3

Let the reader contemplate what

way

in this short

new supply

will

of labor furnished,

no doubt occur

most persons.

to

first

circumstance of

the

is

thought

But

same wants

settling here in such large

increase

the

in

that

These immi-

as other persons, and their
numbers involves a large

consumptive capacity

country's

is

consequence than some of

less

the other aspects presented by the subject.

grants have the

that

in all

and business. They
must be fed, they must be clothed and they must be
housed.
It is in this view that the movement is of
moment.
The immigrant arrivals are of course
greatest
independent of the growth of population in the normal
directions

and

in all lines of trade

V

a

L

Kaeland ...
France
Germany..*

lotah

S«rer.

Gold.

Total.

Sttrer.

O"!!.

648,743

years

That the productive capacity of
the country has been enormously increased as a result of

really a

Week mdtnfl Aug.

the

for

the

four

period of time means.

$8,981,000

Sub-Treasury operations the result

the

and

1903

such an addition to population in that

nt

the

Banks

<;:w

tollowiug gives the week's

The
to

THE CHRONICLE.

1905.J

8,625,000 102,246,000

way, and the two combined are

serving to

swell

the

army of consumers in a remarkable way.
Through the building of new plants and the extension
and improvement of existing plants, the productive ca-

113.008.000

5.889,000

Aust.-Hun.+
Spain

46.824.000

12.689.000

59,518,000

48,265,000

12,643,000

60,808,000

14.901.000

22.319.000

37,220.000

14,763.000

20,207,000

85,030,000

Italy

84,681.000

8.306,700

27.827,700

22,118.000

8,957,700

26,075,700

6,512,400

6.192.000

12,704.400

5,479,000

6,896,900

11,876,800

3.150 000

1.575.000

4.726.000

8,046,000

1,523,000

4,569,000

but with population being so enormously extended a tre-

Tot. week... 390.887,089 107.927.808 507,684,337 365,620.625 110,358.739 475,979,804
Tot, p<-ev .. S09.I27.836 108.313,939 507.441.176 350.539,935 109,030,428 168.570,363

mendous expansion in the consumptive demands of the
This excountry is at the same time being effected.

Netherl'ds.
Nat. Bela..»

L

* The division (between gold and sUver) given in our table of coin and
bullion in the Bank o£ Germany and the Bank of Belgium is made from the
best estimate we are able to obtain; in neither case is it claimed to be
accurate, as those banks make no distinction in their weekly returns, merely
reporting the total gold and sUver; but we believe the division we make is a

close approximation.
1 The Austro- Hungarian Bank Statement is now issued in Kronen and
Heoer instead of Gulden and Kreutzer. The reduction of the former currency
to sterling £ was by considering the Gulden to have the value of 50 cents. As
the Krone baa reaUy no greater value than 20 cento, oar cable correspondent
ta London, in order to reduce Kronen to £ has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.

pacity of the country

plains

how

time being increased;

the

that notwithstanding the

it is

prodigious in-

crease in production, the output of goods finds

a ready

why there are such few setbacks in business, and why, when they do occur, they are of such
With over 3 1-3 million more persons
short duration.
to provide for than four years ago, demand is bound to
market, and

,

remain
it

THE LARGE IMMIGRATION MOVEMENT
INTO THE UNITED STATES.

all

is

is

the

large.

This

hardly possible to

matter

persons.

simply

of

lay

too

housing

means

That

upon which
much stress. Take

an element in

is

the

affairs

these

all

erecting

additional

of

a

great

United States many new buildings for the accommodation of the
and well it may. newcomers; that in turn means an additional demand for
For the year ending June 30 1905 the arrivals of aliens land, an increase in real estate values, the opening up of
exceeded for the first time in the history of the country many new sections, both urban and rural, the laying out
a full million, reaching 1,027,421.
The number was of new streets and roads, the making provision for inlarge, too, in the preceding two years
in fact the larg- creased travel and transit in the cities and between them,
est known prior to 1901-05
and yet the totals in those and growth and advance in a hundred other ways and

The immigration movement

is

into the

attracting a great deal of attention,

—

—

years

fell

some 200,000 below the aggregate

for the late

twelve months, having been 857,016 for 1902-03 and

812,870
growing

The movement has been

for 1903-04.
in

steadily

dimensions and the arrivals for 1904-05 were

heavy as those

directions.

Altogether

we have

here

the

secret of the

—

phenomenal expansion and development -a
growth in population large beyond that of other councountry's

tries,

caused by the flocking

to

our hospitable shores of

unexampled numbers.
1894 to 1898 combined. It is business prosperity here
We are aware of course that dissatisfaction is often
of course that brings these foreigners in such large expressed over the character and source of this imminumbers, joined to the less favorable industrial and grant influx; that the desirability of many of these
political conditions prevailing abroad.
The course of immigrants is questioned. In character and nativthe immigrant arrivals has always followed closely the ity there has certainly been a very essential change as
course of business in this country, falling away to small compared with a few decades ago.
Nevertheless it it
proportions in times of industrial depression in the United not well to draw hasty conclusions from that fact.
The
States and assuming an ascending tendency again when United States has reached that stage in its industrial
our industries revive.
Just now, as everybody knows, development where there is no longer the extreme need
the country is enjoying phenomenal prosperity and the there once was for a supply of artisans, mechanics and
volume of trade is on a scale never previously attained.
laborers with which to carry on the activities of the
really almost as

four years from

for the

Obviously an addition to population in a single period
of twelve months of over a million people is an economic

— and

aliens in such

country.

Henca

looked upon as an

large immigrant arrivals are not

now

unmixed blessing, and consequently the

whether or arrivals are being pretty carefully scrutinized. And it
not the immigrants be considered of a desirable type. is well that they should be.
Not a few of those shipped
factor of the highest importance

The matter
of

the

ceding,
arrivals

is

large
as
of

given

all

inflow

just

1905

the
in

more
the

pointed out.
to

the

this

significance

years

immediately pre-

Adding

812,870

by reason

the

arrivals

1,027,
in

11'

1904

barred out under rigid inspection
laws, and, not being allowed to land, never become
immigrants. But aside from the personal test applied

across the ocean

to all

are

who attempt

to

come

in,

objection

is

made

to

some

THE CHRONICLE.

640

of the immigrants as a class because of their origin and
It is here

racial characteristics.

may

lead the student astray.

[Vol. lxxxi;

the fact that the bulk of the immigrants consists of per-

where hasty inferences sons who have not yet reached middle age, and therefore
must be presumed to be capable of good work and great

Of the 1,027,421 arrivals in the late fiscal year, 221,- usefulness. The figures for the latest year have not yet
479 came from Italy, 184,897 from Eussia and 275,693 been compiled, but in 1904 only 46,565 out of a total of
are

credited

to

These

Austria-Hungary.

usually considered

the

are

three

least desirable classes of

immi-

812,870 immigrants were persons forty-five years of age
that is, less than six per cent of the whole
number come under the Osier ban. The same small

and over

—

grants, and they formed, it will be seen, 082,069 of the
whole number. But it will not do to condemn these proportion existed in the preceding years. In 1903 out of
Take the Italians, for example. These 857,046, only 40,562 fell within that category, and in
classes en bloc.
are peaceably inclined and they make very good laborers, 1902 out of 648,743 the number was but 35,426.

One other characteristic of the immigration movement
though not always of the highest grade. Any one who has
had occasion to employ them in the country at ordinary challenges attention a very important one, too, and

—

which as far as we are aware has
superior to other classes of laborers in the same grade. scarcely any comment.
We allude to the large
Then even as to Eussia no sweeping rule can be applied. derance of the males over the females. It is
The writer has had occasion to observe the development that among the immigrants the males should

manual work knows

—nay,

that in that regard they are often

yet one

—of

excited

preponnatural

exceed

some immigrants who the females, since home ties bind the latter more
came here a few years ago from Poland in Eussia. They firmly than the former, and since also the males
comprised a number of minors. Long oppression had are better fitte d to fight the battle of life in a foreign
made them abject-looking beings. But under the favor- country. For these reasons an excess of males over
able surroundings and freedom enjoyed in this country, females has always been a feature of the returns.
But
These youths never before has the sterner sex so largely outnumbered
their whole natures seemed to change.
became fine specimens of physical manhood, they showed the weaker sex as during the last few years. In 1904-05
a capacity for hard work, displayed great aptitude, organ- 725,819 male immigrants came here and only 301,602
ized several newspaper-delivery routes, then started small females; in 1903-4 549,100 were males and only 263,770
country stores, and are now all profitably engaged in females; in 1903 the proposition was 613,146 males
As to the arrivals from Aus- against 243,900 females; in 1902 466,369 males, 182,business for themselves.
tria-Hungary, it should be remembered that these com- 374 females ; in 1901 331,055 males, 156,863 females.
prise not a few Germans and also Hungarians of the In view of the interest which the matter possesses, we
present herewith a table showing the numbers of the
better class.
As concerns the immigrant arrivals from other coun- different sexes for each of the last twelve years, and also
outside of the three classes mentioned
tries
there is furnish a classification of the aliens by age.
SEX AND AGE OF IMMIGRANT ARRIVALS.
The German Empire is
occasion for much satisfaction.
the

transformation

—

—

not sending us very

many immigrants

present, that

at

Sex

country being, like the United States, in the enjoyment

Year ending
June 30.

Age

0/ Aliens.

o1 Aliens.

45 and

Male.

Female.

Total.

169,274
149,016
212,466

116,357
109,520
130,801
95,725
93,524
116,438
144,424
156,863
182.374
243,900
263.770
301,602

285,631
258,536
343,267
230,832
229.299
311.715
448.572
487,918
648.743
857.046
812,870

Under 14. 14

to

45.

over.

of great business prosperity, which always keeps the population

at

home.

Only 40,576

subjects

of

Emperor

William are recorded as having landed here during the
On the other hand, the United Kingtwelve months.
dom is contributing more immigrants than at any previous time for nearly two decades, and these, of course,
are arrivals of the best type.

fore for

Englishmen.

135,107
135,775
195,277
304.148
331,055
466,369
013.146
549.100
725.819

57,569
45,087
52,741
38,627
38,267
43,983
54,624
62,562
74,063
102,431
109.150

31.740
28,444
36 007
27,024
26.127
19.545
23,566
28.840
35,426
40,562
46,565

196,322
185,005
254,519
165.181
164,905
248,187
370,382
396,516
539,254
714,053
657,155

1,027^.421

It is noteworthy, too, that

a large proportion of the immigrants from the British
Isles are

1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905

This has not been the case be-

a very long period of time.

No

than 64,732

less

The males being the breadwinners
satisfactory feature

as a rule,

it is

a

from an economic standpoint to have

But should

them outnumber the females.

the present

Englishmen debarked on these shores in the twelve rate of preponderance of the one sex over the other be
months, the largest number since 1889. In 1904 the long continued, the sociological results may in time benumber was only 38,626; in 1903 26,219. In the six come quite important. Aggregating the arrivals for the
preceding years the average was scarcely 11,000 Eng- last five years, it is found that the males have numbered
lishmen a year. Ireland sent us 52,945 and Scotland 2,685,489, while the females have been only 1,148,509.
16,977, both the largest figures in a long while.
In the This is an excess of the masculine element for the five
But at the Census
following we show the source of the immigrant arrivals years of over a million and a half.
of 1900 the males already outnumbered the females.
by leading countries during the last six years.
The total population was then reported 76,303,387, of
IMMIGRATION— TWELVE MONTHS ENDING JUNE 30.
1905.
1904.
1903.
1902.
1901.
1900.
1899.
which 39,059,242 were males and 37,244,145 females.
United Kingdom
137,157 87.590 68,947 46,036 45,546 48 237 45.053
German Empire
40,576 48.380 40,086 28,304 21,651 18507 17,476
Add to the excess of 1,815,097 here shown the excess
Austria-Hungary
275.693 177,166 206,011 171.989 113,390 114'477 62,491
Italy
221.479 193,296 230,622 178.372 135.996 100 135 77.419
for the five years since then of 1,536,990 on the immiRussia
184.897 145,141 136,093 107.347 85,257 91 157 60,982
Sweden
26,591 27.763 46.028 30,894 23,331 18'650 12,796
grant arrivals, and we have a shortage of members of
Norway
25,064 23.808 24,461
•

Other Europe
Total Europe
Asia-Japan
Other Asia
All other countries...

Grand total

62,841

•
•

66,799

17,484
38,642

62,259

12,248
31,818

9 575
23 962

6,705
14,425

(

974.298 767.933 814.507 619,068 469,237 424 700 297 347
10.332 14,264 19,968 14,270
5,269
12 635
2 844
14.485 11,922
9.998
8,001
6*128
8.324
5 311
28,306 18,751 12.573
5*396
7,404
5,088
5 926
•

1,027,421 812,870 857.046 648.743 487.918 448.572 311,715

the gentler sex of 3 1-3 millions.

come condition

to the

latter

This should be a wel-

and tend

proportion of those obliged to seek their

to diminish

own means

the

of

livelihood. In the latter sense (providing always that the

There is another aspect in which the immigrant ar- disproportion is continued), the circumstance may in time
rivals can be viewed with favor, and the remark applies
develop economic as well as sociological significance by
as well to the countries sending us the largest numbers reducing competition between the sexes in trade and
as those furnishing the smallest numbers.

We

refer to

business.

AUG.

THE CHRONICLE

19 1905. J

THE CENSUS AND TEE VALUE OF
RAILROAD PROPERTY.
At

the philosopher's stone has been found

last

—

appear, did not see
the interval
;

at

value of railroad property

least as far as getting at the

The alchemist has been

In this country is concerned.

641

the

way

its

has

that

when

unity came, however,

The

coveted.

as "expert" for State authorities

has acted

Statistician

Office assigned

strongly

so

do in

to

His oppor-

since then.

the Census

him the task which he

to

allow him

clear to

elapsed

iu the past in estimating railroad values and shown
Census Bureau at Washington, which has this week
that he was the possessor of many curious notions
furnished an u advance outline " of a bulletin to be
The Census work furnished him
the subject.
issued by it, " presenting the results of an extended in- on

quiry in regard to the commercial value of railway operating property in the United

A

States."

prob-

little

ing will convince any one, we are sure, that it has
about as much value as the work of the alchemists of
old,

though the stamp of the Government

carry

much

it

The

first

outline"

further.

thing that attracts attention in this "advance
the

is

observation

ducted by the Bureau of
tion

the supervision

of

"was con-

Commerce Commission under
Henry C. Adams, Statistician

Prof.

Commission," and, furthermore, that the

to the

main

of the bulletin, discussing the

work should have been entrusted

named

is,

say the

to

need not be

That

himself.
to the

persons

who

experts

the

of

exploiting

for

these

have

engaged

been

with

effort have been assopresent Census
him in previous work of this kind for
the States, and he could feel sure that their views and
Some of the
ideas would be in harmony with his own.

him

the

in

with

ciated

the University of Michigan.

others are his confreres at

Are we not

We

saying that the

justified, therefore, in

was

acter of the results to be reached

computed

We

for the

do not pretend

or close to the

to

year 1904,

say that this

We

mark.

from the mark

far

simply claim that in the main

represents merely guesswork.

it

$11,244,852,000.

is
is

comthe United

that the

mercial value of railway-operating property in
States,

char-

fixed beforehand.

summary

are told by this Census

It

Our readers physical examination of railroad
Commerce Com- county by county and State by

Inter-State

Several

notions.

not based on a

is

property

unfortunate.

least,

told that the

part

first

results of the inves-

was written by Prof. Adams

tigation,

the

the irjquiry

that

the Census, with the co-opera-

Inter-State

the

of

probably

will

opportunity

conducted

State and carried on

mission has never displayed an especially friendly lean-

under the direction and supervision of engineers and

ing towards the railroads, while

others having an intimate acquaintance with the value of

Commission has from the
his

the

Statistician of the

made no attempt to conceal
Yet Census results should

first

bias against the same.

be impartial; and the fact that the compilation of the

re-

turns has been under the direction of persons whose bent
of

mind

unfitted

might be

them

for the

though they

work, even

entirely honest in their

intentions,

serve to throw doubt around

the

circumstances did not make

plain that the

inherent in

the

it

figures,

would alone

even

if

other

difficulties

undertaking rendered reliable

results

altogether out of the question.

All things come to him

who

of the Statistician of the Inter-State

sion furnishes

new proof

the very

report ever

first

The experience
Commerce Commis-

waits.

of the truth of the statement.

made by him

In

as Statistician, in

such property; though even
conclusive

as

theoretic one

inquiry

we had

The

trustworthiness.

result

During the progress

else.

is

a

of the

the pleasure of a visit from two of the
experts,

or

method

best

its

—nothing

special agents

the

to

were that would not be

if it

or

who asked our opinion

methods

as to

pursue in carrying out

to

In conference with one of these agents

the undertaking.

we expressed ourselves frankly and freely, stating
there was no best method or indeed any method

that

could be depended upon to yield reliable

We

results.

that

pointed out that in the absence of a physical examina-

was an impossible one and that it were betabandon it that any figures that might be reached

tion the task
ter to

—

would be given an importance in the eyes of the public

January 1S89 (over sixteen and a half years ago), he that they could not be claimed to possess, and would be
argued in favor of just such an " investigation."
We sure to prove mischievous in the end. We are still of
took the liberty of quoting his words on that occasion this opinion, and the present " advance outline," with
and they are worth repeating, now that his ideas have the remarks contained therein, confirms us in our posifound concrete

Here

report.

expression
is

the

in

the figures of

statement

a

Census

made by him on

It

this

may be

value

early occasion.
•It

tion.

was manifestly the desire of Congress

to assure

it

a

trustworthy estimate of the relation existing between the
present worth oi railroad property and its cost to those
who are proprietors of it. * * * This office, therefore, is placed under the legal obligation of making
inquiry into the "cost and value" of railway property.
*
*
*
As preliminary to such an investigation, the
corporate history of railways in the United States must
be written.
The steps by which great corporations have
arisen to their present power must he made clear.
The
process of consolidation and the contracts entered into to
consummate consolidation must be laid bare.
Ever}
charter for the construction of new lines, every law on
the authority of which action has been taken, every court
ee respecting insolvent roads, must be made
trihute all pertinent information.
Indeed, the b
locked in the minds of railway presidents or corpora
attorneys ought to be brought to light. * * * Wl
or not this office shall enter upon the investigation out-

asked what

are told

is

This

Commission

to determine."

meant by the "commercial"

By

commercial value we

meant the estimate placed upon the worth of

the property regarded as a business proposition,

market value.

In further elucidation

the two chief factors determining
the "expectation of

the

it

e.,

the

stated that

is

market value are

income arising from the use of the

or

not.

The

of importance

fact

How

pure and simple.

is

that

it

theory,

is

has this theory been applied?

The next sentence furnishes
of the factors mentioned,

the answer.

The influence

pointed out, "is indie

it is

by stock market quotations, and on a basis of a stud
these quotations the rates of capitalization applied to
let

earnings

'!<•

of

individual

So

determined."

solves itself into a

A peculiarity

oi

in the

matter

the

of

method

tlio

railways or railway
last

analysis the

th

ag

re-

"stock market quotations."
oi

computing net ei
faxes and operating

what the Statistician wanted to undertake six- should also be pointed out.
teen years ago, but which the Commission, as it would penses were deducted in calculating these
is

i.

property and the strategic significance of the property."
We need not discuss whether this is a sound proposition

•

lined, is for the

is

of railway property.

oel earni

THE CHRONICLE.

642
"but not expenditures

for

Here again we on these rail carriers. We may be sure that the States
Commerce Commission, having high ratios will not be induced to lower their as-

improvements."

see the hand of the Inter-State

sessed values, while tiiose having the low values will be-

body have repeatedly claimed that
the roads should not be allowed to pay for improvements

for the

members

out of earnings
to

admit

of that

—

that

when earnings

of expenditures of

which

reduced, a policy

come
large make

are sufficiently

that kind, rates ought to be

applied

if

practice

in

many

sooner or later result in reducing

We

of the roads to

seriously

the Census does not rest there.

among

the

It

some more

Nearly

systems have mileage in more

can any one

of these States except by

being

there

one

to

State

than one

no
be

made

examination,

valuable

is

perhaps

State

the

for

fact

terminal

none;

bridges, in another no bridges at

and

other variations

to do.

determined not with a

wealth

of

paragraph

it

How

ingeniously argued that

be taxed depends upon whether

properly

the State undertakes to tax the

roads at their

full

com-

mercial value, including the values of both tangible and
intangible

property, or whether

seeks to confine

it

how

is

taxation to the value of the tangible property alone.

that

in

the former case

it is

urged the values submitted are

In the

regarded as substantially correct.
they would be too high.

costly

This

is

too, that

while these Census

annual convention of prepared as a basis

National Association of Railway Commissioners,

figures

may

taxation, yet

for

readily available for the purpose

its

In
to

be

latter case

a hint for the States to

an expen- take cognizance of the intangible property
and numerous roads, if they have not already done so. It

In a paper on the

differences'?

Census

But u

the United States.
is

rail-

basis for taxing railway

in one,

all;

subject read before the sixteenth

total

States might

property,

one,

in

sive right of way, in another a cheap one;

the

will

railroad

State.

is

whether or not the value given ($11,-214,852,000) represents the value upon which the railways of the United

a physical examination; and

physical

there

another

in

larger

kind

this

discovering a proper purchase price for the

to

the very next

the value of the mileage located in each

tell

allowance

the

all

This

do not overlook the fact that the Census bulletin

Bureau the

theoretic propo-

where these crude compilations

is

lnitchief,

seek to

will

properties, but as one step in ascertaining for the

through the

States

who

woik of

that conjectural

ways of the United States nor as a

But

undertakes to appor-

different

application and exploiting of

That

view

attempt were

the

if

merely to give the value for the country as a whole.

special

harm

agitators,

attempts to raise them.

political capital in

illustrates the

matter of guessing at the value

this

of railroad property less

do

prey of political

says the values submitted were

We should treat

sitions.

the

would always certain

bankruptcy again.

tion this total

[Vol. lxixi.

of the railis

obvious,

not have been
thev would

be

and the Census agents

H. Meyer, one of the expert special agents in themselves, if they should be called in as experts to exCensus work, pointed out that upon one point abso- press an opinion by any of the State authorities (and
lute unanimity of opinion has existed, namely on the in- some of them have acted in that capacity in the past, incorrectness and untenability of the track-mileage-basis for cluding Prof. Adams himself,) could hardly be expected
the assignment of values to. States. He also showed that to reject the results of their own labor.
Prof. B.
this

inventory valuation of 200,000 miles of

As

railway was not a feasible undertaking, by reason of the

ment

getting at

the

cost in time and

money

involved, and even if

it

were

if

to give additional

is

made

that

••the

weight to the

figures, the state-

results of the investigation re-

ported in this bulletin have been carefully tested."

feas-

Pre-

made by the StatisHe indicated a preference for the ton-mileage or the gross- tician of the Inter-State Commerce Commission in
revenue basis for the apportionment of values. But January 1889, and from which we have quoted above,
either method is a wholly arbitrary one, and the division were also carefully tested.
Yet Illinois was credited in
would usually have to be made on some fanciful or that report with having 16,171 miles of road, whereas it
theoretic basis having possibly some support in the facts, then had only about 9,600; Iowa was credited with only
but how much in any given case it would be impossible 3,496 miles when it had over 8,300 miles Michigan
to tell.
Moreover, neither traffic or revenue statistics with 5,100, when it had 6,500, &c, &c. The figures
ible, that

method would not be entirely

free

from objections. sumably the figures in the

first

report

;

are to be had in

some

were subsequently corrected after their palpably erronestances other comparisons were adopted " with a view of ous character had been disclosed.
In the case of the
formulating a plan which can be applied to isolated present Census compilations, the figures might be
the case of

railways tor which

One

other

roads.

In these

in-

classes of facts are not avail-

equally wide of the

mark;

but as

the fact could not be

—

most interesting of these compari- proved they would have to stand unaltered working
sons, Professor Meyer stated, would be a a percentage justice and mischief for a long time to come.
able."

the

of

showing the density of the population along the
Thus from beginning to end,
of the railway."

table
line

there

is

nothing but assumption and theorizing

—nothing RAILWAY

PROVIDENT INSTITUTION'S*

Sixteen of the railroads of the United States now pay
pensions to superannuated employees, appropriating

real, definite, tangible or substantial.

And

in-

yet the Census bulletin does not hesitate to pre-

$1,350,000 yearly; 21 roads have relief or insurance de"^ith great precision and nicety.
It goes further than partments which benefit 206,000 members (65 per cent
this.
It furnishes comparisons for each of the States of of all the employees of these roads); aud these and
the u commercial value " thus obtained of the railways numerous other companies appropriate, in the aggregate,
other
in such States, with the latest reported assessed values in many hundreds of thousands of dollars annually in

sent results for

the

same

values to

all

the States worked

and shows that the ratio of assessed ways for the promotion of the welfare of their employees
these theoretic commercial values varies from outside of their regular work and compensation.
States,

\7£ per cent to

114*4 per cent.

— constructed
— furnish

figures

basis

out apparently

lor

will

on

such

What
a

a pretext these

wholly

hypothetical

advancing valuations in the States

i

i

having low

ratios,

and thus imposing new tax burdens

aRaihvay Provident Institutions in English-Speaking Countries.
Reports made for the International Railway Congress, Washington,
D. C, May 1905, by M. Riebenack, Comptroller of the Pennsylvania
Railroad- pp. 357; alsc addenda and indexes. Issued by the author,
Philadelphia,

Pa

AUG.

19 1905.]

These

activities

Max

a marked ami interesting

constitute

industrial

the

feature ot

THE CHRONICLE.
progress of the time, ami Mr.

veterau officer ot

Kiebenaok, a

the Pennsylvania

Railroad (now Comptroller of the company and for many
years an officer in the Comptroller's department) has done

putting together in book

the public a graceful service in

form the results of the studies in
made last year lor the International
given

aie

Statistics

lor

also

this

held which he

leader in giving

benefits

of

employees

its

retirement.

Elaborate

the

for

last

year reported

on the

Pittsburgh, $390,000;

were, on the lines east of

three

kind to

to their

The appropriations

ment.

other British possesions.

this

years previous

company's service at

the

in

Pensioners are not forbidden to secure outside employ-

lines

road, the Pennsylvania, has been a

own

have been

regulations are made for the retention of pension privileges by employees who temporarily leave; the service.

lines

Mr

Riebenack's

least thirty

English, Australian and

those ot

,

beneficiaries will

Railway Congress.

Indian railroads and

613

west, $150,000. The total payments on the eastern
for four years amounted to $1,334,088, and for
wars on the western lines $330,228.

Relief departments differ from pension

burden

financial

the

that

departments in

borne mainly by the em-

is

(though less elaborate schemes were begun many years
eailier by the Baltimore Ss Ohio), so that he is well

ployees themselves; and relief departments are found on

qualified to write a discriminating account.

panies above mentioned; notably, the Chicago Burlington

Some

the railroads

ot

which pay pensions have only
department and have

a

&

number

of other roads besides the pension-paying com-

Quincy, the Atlantic Coast Line and the Lehigh Valley.

The last-named pays half of the benefits out Of the com-'
treasury.
Membership in these associations is
begun systematic
The assertion has been made that,
These, in the order of the dates on purely voluntary.
there are nine.
which pensions were established are: The Grand Trunk while nominally voluntary, membership is practically
of Canada, the Baltimore & Ohio, the Pennsylvania, compulsory; but Mr. Riebenack declares that this is an
establishsd

recently

the

Of

work.

Xorth Western, the Pennsylvania lines
Pittsburgh, the Illinois Central, the Delaware

&

Lackawanna

&

Western, the Philadelphia

&

and the Buffalo Rochester
politan Street Eailway of

Giand Trunk

of the

still

pays

earlier,

&

and

earlier (187-1), both of

depaitment

account of the large number of

not only on

ployed

company, but

by the

thorough nature

A

is

study

of

also

ot the preparations
this

When

fitness.

employees

lished,

then

without

mitted

time

present

Pennsylvania

medical

a

a

men em-

Railroad

On

of dollars.

standing weie

is

but

to the

company not amount to $750,990 and
be sagacious business men, but at The number of members

end of 1903 the

es-

dis-

over thirteen and one-half

to

lines west

the

established
to

for the

in

the

The

was

of Pittsburgh,
later,

the

over five millions.

average disbursements yearly on the eastern lines

organization, in which the directors of the

ad-

enforced.

department

relief

bursements have amounted

directors.

department reveals an admirable

only show themselves to

mental and

examination;

standard

rigid

tablished in 1886,

millions

good

in

by the complete and where the department was

by the

of physical,

the relief departments were estab-

and up
properly made prominent, bursements had amounted

these were quite limited in scope, so that the Pennsylvania's pension

standards

their

to

j

City also

department was established

Ohio pension

unfounded charge, based probably on the fact that the
railroad companies will not employ men who do not

The Metro- moral

Pittsburgh.

Kew York

pany's

Eeading come up

Although, as before stated, the Baltimore

pensions.

that

lines?

&

the Chicago

west ot

hardly

more important

the

lines

west

dis-

The
now

$381,260.

to

the departments both east

same time manifest a very proper degree of human and west of Pittsburgh is 104,151, of which shop men
sympathy. The relief departments fill a larger place in constitute from 25 to 30 per cent, brakemen 12 to 15 per
the affairs of the company and of the employees, but the cent and officers, agents, clerks, etc., 17 to 21 per cent.
pensions constitute a more novel feature.
The directors Members are classed according to their salaries, without
at first (1900) made a pension appropriation of $300,- regard to occupation
and they pay, monthly, first-class000 and announced that if, under the rules, this sum did 75 cents second-class, $1 50 third-class, $2 25, and so
the highest class, $3 75, being the sum paid by emnot prove sufficient to pension all of the men reaching on
the specified ages at the prescribed rate of payment the ployees earning $95 or more a month.
Under suitable
rate would be reduced; but no reduction has ever yet restrictions a member may join a class higher than that
been made and it does not seem likely that any will be to which his earnings entitle him.
made. On the Pennsylvania lines east and west of
The accident benefits per day for the first 52 weeks
Pittsburgh there are 172,000 employees and the num- are for the fourth class (paying dues of $3) $2 after 52
per of pensioners at the last report (December 31 1903) weeks, $1.
The sickness benefits for the same class are
was 2,134.
All employees and officers are retired $1 60 and 80 cents
death benefit, $1,000.
Employees
the

;

;

;

—

;

;

from

service

at

the

age of seventy, but

if

incapaci-

may, by paying additional dues, take an additional

and on approval of the proper officers, an officer death benefit that is to say, may double their life inor employee may retire on pension between the ages of surance.
Up to the time the pension department was
sixty-five and seventy if he has served thirty years. The established the railroad company had paid out of its own
tated,

pension
service.

;

is

one per cent of his salary for each year

The

"'salary" basis

has earned lor the ten years

is

the average of

of

what he

next preceding retirement.

sums in relief to employees remaining dismore than 52 weeks. These payments aggre-

treasury large

abled

gated $363,919.

Since the

establishment of pension*

For example, an employee who has been in the service the relief fund itself pays benefits, at half rates, after
forty years and whose average annual salary for the last the expiration of 52 weeks, and until recovery, or until
ten years has been $1,000 will receive a pension of $100 the person becomes eligible to a pension.
The annual
yearly.
It is paid monthly.
No less thari 614 pension- mortality is from 12 to 13 per 1,000 members. The
ers had died up to the end of 1903, the department hav- office and other running expenses of the relief departing been established east of Pittsburgh at the beginning ment are borne entirely by the railroad company, and
of 1900 and west of Pittsburgh one year later.
there is
It
the company also guarantees the insurance.
I he company now take3 on no new employees over a deficit the company makes it good; if there is a surplus
thirty-five years old, so that after a

few years

all

pension

it is

set

aside every three

years toward

the

establish-

THE CHRONICLE.

644

[Vol. lxxxi.'

participation by the reader.
Finally, there is one road, the Bessemer &
is
no
department
inLake Erie, on which the employees receive regular
the company in the burdens of tho
considerable aid to the employees, the payments by the sickness, accident and death benefits without cost either
Pennsylvania for operating expenses of the relief fund to employees or company, by the munificence of Andrew

roent of a superannuation

This

fund.

during 18 years having been $1,815,642, or approximately $100,000 a year. On .the lines west of Pitts-

burgh a corresponding amount

is

In the matter of pensions, the companies other than
the Pennsylvania have adopted various details of their

own

but for the

;

relief

departments the other companies,

Beading

—

have followed

What

By payment

found on any of the roads.

penses

is

new development

a comparatively

in sociology,

and as a number of other roads, notably the New York
Central, seemed to have planned to follow the example

the

taken as giving a fairly accurate impression of what
lo be

scale

of pensions by railroads on an extensive

the Burlington and the of the Pennsylvania, it may be expected that in a few
Pennsylvania plan quite years many of the more stable corporations will be found
has been said here mny, therefore, be in the list. Nothing has occurred thus far at least

notably the two principal ones

closely.

—

Lake Erie being one of the

corporations affiliated with the Carnegie steel properties.

The payment

expended.

&

Carnegie, the Bessemer

and assuming

risks

is

of ex-

nothing has been

public

—

to indicate

anything but

complete satisfaction with the principle, and the practice

companies under

of deficits, the

made

—

it,

both by the companies and the employees.

And

some criticism of the Pennsylvania on
tained at cost, without extravagance.
The assessment the ground that the scheme is too distinctly paternal,
of dues upon clerks and other indoor workers at the same tendingt o impair the independence of the employees
rates as upon brakemen and bridge-builders would seem and to gradually inculcate in their minds lower ideals of
to be inequitable, on account of the hazards of the out- manhood and citizenship than have heretofore prevailed.
door employments; but except in this regard the costs of In so far as such criticism is based on a true public spirit
the insurance are so well distributed that, considering and not on some labor demagogue's ignorant notions, it
the relief afforded by the company's liberal payments, no deserves consideration.
member has any ground for complaint of excessive cost.
Theoretically the expectation of a pension may preIn consideration of these payments the directors of the vent an employee from joining in a strike when his
company appoint half the members of the board of man- emloyer makes an unjust reduction of pay; and being
agement, the General Manager of the road having, in thus indirectly bound to a railroad company for life may,
case of a tie, the casting vote.
indeed, tend to weaken one's sense of independence
Mr. Biebenack follows this part of his report with and freedom; but there is no evidence that any such
quite full notes concerning relief associations main- result has yet followed to any harmful extent.
No one
tained wholly by the employees themselves (of which finds fault about the payment of pensions to school
there are several small ones on the Pennsylvania itself), teachers, policemen and retired military officers who
and concerning support given by railroad companies to have spent their lives in the service. From the standlibraries and Young Men's Christian Associations.
Of point of the railroad company pensions are justifiable not
these latter there are 198 maintained for railroad men, only as a means o/ making employees contented, and
and 42 railroads contribute over $500,000 to them therefore more efficient, but also as a means of directly
The Pennsylvania alone contributed $53,351 improving the service by weeding out the old men. In
yearly.
Most railroad officers such exacting work as that performed by enginemen and
in one year (east of Pittsburgh).
are on record as heartily approving this institution, other trainmen, and in track and bridge maintenance,
which affords important spiritual, moral, mental and signaling and other things on which the preservation of
physical benefits to railroad employees, especially to lives and of costly property depend, the employment of
trainmen, who, but for its advantages, would, by the any but the most efficient men is well-nigh a crime; and
circumstances of their work, be deprived of social priv- in some occupations it might be the duty of a railroad
ileges which are really essential to good citizenship.
company to dismiss men at a certain age, even if it had
Another very modest but highly useful enterprise not a dollar available for the payment of pensions. Unconducted by the Pennsylvania, and by a good number less there is an established arbitrary rule, as where penassure their employees

of

other

Injured."

roads,

is

that all the

instruction

"First

in

Where men have been

accidents at a

been sacrificed

Aid

injured in

distance from towns,
for lack of a little

are

benefits

main-

yet there has been

the

sions are paid, the

to

railroad

have often
rudimentary surgical
lives

officers

are liable to be deterred by

their brotherly sympathies ironi
efficiency has

dismissing

men whose

become impaired by age.

But whatever may be

the final

shape taken by public

knowledge on the part of the men in charge of the train opinion on these questions, there can be no doubt that
or of the work
and there is ample evidence that already the people desire to have their railroad service a pubmany lives have been saved by giving suitable instruc- lic function of the highest importance conducted with
tion to trainmen and others. On many roads little boxes the utmost regularity and as all of these semi-benevolent
of surgical appliances are now carried on the trains.
operations are, by universal consent, well calculated to
Mr. Biebenack also tells of the railroad hospitals, promote such regularity, by establishing a definite tie
;

—

—

;

between employer and employee, they will receive uniThe Missouri Pacific and the Southern Pacific have versal approval, unless and until there shall appear well
been leaders in this work. Employees are assessed, defined reasons for disapproval. What these railroads

which, in the West, have for years been a great boon.

usually 50 cents a month, to support the hospitals.
the

East public hospitals are

sufficiently

numerous

In have done
to

is

truly " semi-benevolent," for, while only

directors sensitively sensible of the ties of brotherhood

would have devised such broad and liberal provisions for
Still another branch of "provident" activity is that their employees, their broadness and liberality are sure
which embraces the schemes of the Illinois Central and to redound to the benefit of the companies' treasuries,
the Great Northern to sell to employees shares of the and thus to be proved wise by the coldest business
stocks of the companies.
Tnese are already known to standards.
preclude

the

necessity

of

special

railroad

hospitals.

—
Aug.

THE CHRONICLE.

19 1905.J

FALL RIVER MILL DIVIDENDS FOR NINE MONTHS
OF

DO.").

I

1

i

Dividends

Dividends

Inert ase

1905.

1904.

or

Capital.

Dermis,

Amount

/'.('.

$
S.000
4,500
dividend

$

Linen Co

AnierU-.-in

Arkwricht

Mills

Barnadv Mfn. Co
Bourne

Mills
Cfatoe miiis
Conanleut Mills
Cornell Mills
DftTOl Mills
Flint Mills
Granite Mills
Harcraves Mills
King Philip Mills
Laurel Lake Mills
Mechanics' Mills

..

Co

Seaeonnet Mills
Mills
ta fiord Mills

550,000,

500,000
300.000

Mills.

& W. Mfe. Co.
Union Cotton Mfg. Co...
Wampanoag Mills
roy Cot.

Weetamoe
•

I

.000,000;
700,000|

Stevens Mfe. Co

ecumfch

1

600,000

Shove

,200.000'

750.0001
550, 00 J

Mills

Totals

10,000
15.000
Hi
1'-.
11.250
Xo dividend
l'»
5.000
No dividend
1'..
8,700
15.000
ft dividend
15,000
6,000
1
7.500
1
S,000
6,000
1H
7,500
No dividend
9,000
l'i
12,000
l'->
13,500
No dividend
No dividend
No dividend
8,750
IH
7.500
3*
9,000
1\4
18,000
No dividend
1
5,500
1

600,000!
SOO.000;
900.0001

Richard Borden Mfg. Co.

1.950

1

100.000

Pocasset Mfe. Co
.

No

iii

5S0.000
.000,000
soo.ooo
,000,000
300.000
750.000
SOO.OOO
400,000
750.000
SOO.OOO

Mills
Mills

M fs

1

4011.(11)0

Merchants' Mfe. Co
Narraeansett Mills

Sagamore

1

J50.000

495.000
.000,000
,000,000
750,000
300.000

Mtg. I'o
Border City Mfe. Co

Osborn
Parker

M 10,0(10
;:;,o. oi

Barmrd

1

'

..

/'.CM

.

Amount

S
s.ooo
0.750
No dividend
Xo dividend
No dividend
5.000
No dividend
2.700
1*
4.000
4.000
1
I
6,800
l' a
15.000
No dividend
15.000
\»
3.000
7.500
1
No dividend
1
4,000
1
7,500
No dividend
9,000
1%
12,000
1J|
9,000
No dividend
No dividend
No dividend
1
7.000
7.500
1H
2
6.000
1
12,000
No dividend
No dividend

$

1

—2", 250

1',

-t

H

215.650 0-70

21.775,000,0-99

4"§50
10,000

+

10.0011

-I

|:

1

Dividends

Dividends

1905.

1904.

Capital.

350,000

Davol

Mills
Flint Mills
Granite Mills
Hareraves Mills...
Kine Philip Mills..

Laurel Lake Mills
Mechanics' Mills... .
Merchants' Mfe. Co.
Narraeansett Mills. .
Mills

'.'.'"
Parker Mills
Pocasset Mfe. Co ..
Richard Borden Mfe. Co
Sagamore Mfe. Co . .
Seaeonnet Mills..
.

Stevens Mfe. Co.

Twumseti
Troy Dot.

Mills
<fc

W.

Mfe.

Co""

Union Cotton Mfg. Co

Wampanoac

Mill
Mills

Weetamoe
I

.""

•

[•Totals..

20.000;

'

Mills

Stafford Mills

$
16.000
9,000
dividend
9.900

25,000
22,500
300,000 No dividend
400,000 3H
14.000
400.000 No" dividend
580,000
14.500
000.000 1*
30,000
SOO.uOO No dividend
000,000 4*4
45,000
300,000 3H
10,500
750,000
7.500
800.000 1
8,000
400.000 2 '4
10,000
750.000 1
7,500
800.000 No dividend
600.0001 4^
27.000
800,000 4
32,000
900.000 3H
31.500
600.000 No dividend
550,000 No dividend
000.000 No dividend
700.000 3M
24,500
500.000 4H
22,500
300.000 5H
16,500
,200.000 4H
54.000
750.000 No dividend
550.000 1
5,500

'""

Cornell Mills

Shove

No

495,000| 2
.000.000 2
,000,000 |M
750,000'

Conanicut Mills

Orborn

2

450.0001 2

+ S.0II0

+ 2,000

21,775,000

III
2-

13

462,900

+~3~66o
+ 6,000

+ 5~506
+ 64,900

Increase
or
Decrease.

32,000
20,250
No dividend
No dividend
25.000
2H
35,000
3H
15.000
2
9,000
5
16,000
4
16,000
4
23,200
4
45.000
4'A
16.000
2
45.000
4H
15,000
5
22,500
3
16,000
2

—16,000
—11,250

16,000i

22,500
16,000
27,000
4H
36,000
3*
27.000
7.500
IK
No dividend
No dividend
35.000
5
22,500
4>A
24,000
8
48,000
4
15,000
2
11,000
2
3
2

+ 9,900

—5,000

—

this

Bank

in the

The

capacity of credit man.

receivers of the Merchants' Trust

distributed on Tuesday the

Company

K) per cent

depositors.

—

The
Hank of

fifty-fifth

institution

I860,

anniversary of

occasions

the

15th

in the

past we have adverted
condition of the bank.

anew

attention

The

to the matter,

deposits

and

is

National Bank.

The plan involves the

liquidation of both

and the organization of a new national bank
with a capital of not less than $800,000 and a surplus equal
The name to be borne by the projected
to the capital.
bank will, as far as practicable, embody the names of the
institutions

The stock of the new bank will
be offered to the present shareholders of the consolidating
banks at $200 per share (par value $100), the stockholders
of the respective banks having the right to subscribe in proportion to the amount now held the privilege to so subtwo existing institutions.

—

scribe expiring

September

1.

The German- American Bank

has a capital of $500,000, surplus and profits of over $800,000
and deposits (June 7) of $5,366,487. The Flour City
National has a capital of $300,000, surplus and profits of

about $208,000 and deposits (May 29) of $3,183,491. The
new bank will occupy the premises on West Main Street now
course of construction for the German-American Bank.

in

—

Orders authorizing the institution of several lawsuits
were granted by Justice White in the Supreme Court at Buf— 8,700 falo on the 14th inst. to Edward E. Coatsworth, representing
—15.000
— 16,000 Receiver Wheeler of the German Bank of Buffalo. One of
these approves the action of the receiver in bringing suit
——4.500
15.000
—8.000 involving more than $750,000 against the directors for al—6,000
—15,000
ged wrongful acts; another permits the receiver to insti— looiio
tute an action against the stockholders for their liability
—4,000
+ 4,500 upon their stock holdings, while still another authorizes the
—7,500
receiver to start suit against Eugene A. Georger, formerly
—10.500 President of the bank, and Frank F. Williams to recover
—7,500 about $90,000 in connection with notes of the Lima
+ li,(lln>
-15,000 lioneoye Electric Light & RR. Co.

658,450

ii

.

—The

-195,550

proposition to convert part of the surplus of the
of Pittsburgh to the capital account,

Second National Bank
CO'S.

will

reby increasing; the latter from $600,000 to $1,800,000,
be presented to- the stockholders for their approval on

week aggregate 45 September

12.

The bank now has a surplus

of $2,500,000,

ers

The following
table shows the sales of bank and trust company stocks
made during the week either at the Stock Exchange or at

lull-paid shares, returning the old certificate

auction

"We

:

TRUST

I62K

282
COMPANIES— New York.

226 Farmer-,' Loan
6 N. Y. Life Ins.

&

Trust Co

ATrustCo

z Sold at the Stock Exchange.

1,451
1.035

$20,-

—An amalgamation proposed of two Rochester, N. Y.,
—the German-American Bank and the Flour City

IO.U.,0

32 shares.

Prire.

at

banks

stocks reach

York.
35 Citizens' Central Nat. Bank..
xlO City Bank, National

now

profits of

shares at

H\S Kri— New

the

to

$2,110,822. Total surplus, profits and earnings since January 1 1869, including
the dividends paid, have been $3,608,812,
The bank's
officers are Stephen M. Clement, President; J. J. Albright,
of $230,000

company

Share*.

The

as a

A little
growth and prosperous
statement published in the local papers comparing the
figures of August 15 1905 With those for the same month in
1900, 1890, 1880, 1870, 1860 and 1850 serves to direct

+ 7,500

of

a total of

National
inst.

State bank on August 15
national system in April 1902.
On

was organized

and entered the

several

Marine

the

Buffalo, N. Y., occurred on

which 35 shares were sold at auction and 10
the Stock Exchange.
The transactions in trust

shares,

of tin-

dividend, aggrecity
gating about $8Q0,Q00, recently authorized in favor of the

—9,000
—2,000
—16,000

ITEMS ABOUT BANKS, BANKERS AND TRUST

—The public sales of bank stocks

which he has lately been elected. Mr. Parker
has also recently been connected with the National City

+ 1,750

4

306

1

+ 4,500 Vice-President; J. H. Lascelles, Cashier, and Clifford Hubbell and H.J. Auer, Assistant Cashiers.

4\4

i

it

.

this City, to

+ 3,000 capital

P.C. Amount. P.C. Amount.
$
800.000

of the Second Naassume the office of
Fulton National Hank of

ViccrPresideni

1

150.750

1905 and 1904.

.

Parker,

119,221 contrast with $7,094,053 five years ago and
1,250
+ .000 $2,091,017 in August 1890. Total resources on August 15
—4,000
+ 2.900 of the present year are reported at $22,650,043 again&t
$8,356,625 on the same date in 1900. The bank has a

paid out in dividends 8462,900 in the nine months of
the present year, or an average of but 2.13 per cent, against
3.06 per cent in 1904, 4.36 per cent in 1903 and 4.59 per cent
in the like period of 1902.
In 1901 the average dividend
was 4.2S per cent in 1900 it was 6.25 per cent and in 1899 it
reached 3.68 per cent.

American Linen Co
Arkm-ieht Mills
Barnaby Mfe. Co
Barnard Mfe. Co.
Border City Mfe. Co
Bourne Mills
Chace Mills..

A.

of this city, will on Sept

—2.700

Combining the foregoing results with those for the halfyear, we have the following exhibit for the nine months.
It
is seen that on a capitalization of $21,775,000 the mill have

Nine Months

Hank

Vice-President of the Market

For the thin! quarter of I90S the dividend record of the
Fall River Mills is a little more satisfactory than thai foi
Twenty-throe of the thirtythe preceding similar period.
two cotton-manufacturing corporations which furnish reports of operations have declared dividends, the total
amount paid out having been 1215,650, or an average ol
Nine mills declared
0.99 per cent on the capital invested.
no dividends, and eight maintained last year's percentage,
In
904 twenty mills paid out $150,750., or an average
In 1903 thirty-one mills paid out an average
0.70 per cent.
o( 1.44 per cent. In 1902 the average rate was 1.50 percent.
In 1901 the average percentage was 1.12, and in 1900 the
average rate of distribution was 1.81 per cent. The exhibit
in detail for the third quarter of 1905 and 1904 is as follows:
Third Quarter
1905 and 1S04.

Etoberl
tional

6J5

Laxt previoun

M
July

1905—
1905—

Auk. 1905Aug. 1906-

160

282
1,400
1.037

besides undivided profits of over $500,000.

to

will

receive in

exchange

for

The stockhold-

one share now held three
and receiving

w certificate for the larger number. The circular issued
the shareholders regarding the increased capital -tale-:

have been severely handicapped by the limit of $60,00Q"
(this referring to loans, which under the National Banking
Act are restricted to ten per cent of the capital) "but the
Legal limit of $180,000 would solve for us this serious problem
which has confronted the directors."

—

It is stated that the .subscriptions to the stock of the

proposed Phoenix National Bank of Pittsburgh have

bi

THE CHRONICLE.

646

returned and the stockholders notified that the project has
been abandoned for the time being. The application to
organize the bank, which was to have $200,000 capital, was
approved last November. The letters to the stockholders
are said to intimate that the movement may later be revived.

—The
field,

capital of the Clearfield National

Pa., has,

it is

Bank

of Clear-

reported, been increased from $100,000

to $200,000.

—In the report

filed

on the

Court by H. P. Boyden as

1

Hh

inst. in the

United States

receiver of the failed firm of Holz-

man & Co. of Cincinnati, it is stated that the schedule of
the firm shows aggregate assets of (face value) $985,586
and liabilities of $947,103.

—

Arrangements have been perfected for the transfer of
the assets of the American National Bank of Barbcrton, Ohio,
(capital $100,000), to the Barberton Savings Bank (capital

W. H. Auck, heretofore Cashier of the American,
occupy a similar office with the Barberton Savings Bank.

$50,000).
will

— For
National

the purpose of acquiring a new site, the American
Bank of Indianapolis will increase its capital from

$1,000,000 to $1,500,000. The bank has an option (running to September 15) on the old building used by the Indianapolis Post Office, the option covering the main building and the ground.
The site has a frontage of 102 >£ feet
on Pennsylvania Street and 137}^ feet on Market Street, and
the purchase price named is said to be $400,000. The 5,000
shares (par value $100) to be put out by the bank will be issued at $150, payable October 13 1905. While stockholders
of record September 28 have the privilege of taking one new
share for every two at present held, it is hoped that they
will consent to waive their rights to a portion of the stock
to which they are entitled, with the view to placing it to
further increase the bank's business.
The $250,000 premium realized by the sale of the shares at $150 will be added
to the surplus and undivided profits.
The stockholders'
meeting for the purpose of ratifying the proposed increase
in capital will be held on September 13.
The capital of the
bank was increased from $350,000 to the present amount,
$1,000,000, three years ago. The institution is less than
five years old, having commenced business in February 1901.

John Perrin

is

the President.

—The Comptroller approved on

the 7th inst. an applica-

tion to organize the Central National

Ind.

The bank

—The

will

have a capital

Bank

of

Anderson,

of $100,000.

amount of first mortgage bonds
by the Commercial National Safe Deposit Company of Chicago which is to finance the erection of the new
Commercial National Bank building is $1,800,000, instead
total authorized

to be issued

—

—

of $1,500,000 as previously reported.

[Vol. lxxxi.

bank, I can guarantee that he got no opportunity to interfere with the bank's funds.
He came in about two months
ago.
He bought the stock of W. A. Hover, J. P. Paulson,
one or two Eastern people, and perhaps the bulk of a Denver
man's stock.". Assignee H. M. Beatty (Assistant Cashier of
the bank) writes to us under date of the 15th inst., stating
that he feels warranted in saying to the banking fraternity
generally that he believes in all sincerity that the assets
of the Western Bank will more than cover its liabilities.

—

With regard to the
Denver Savings Bank of
of the name of Leonard
the following statement
inst. by the attorneys of

run experienced last week by the
Denver, Colo., and the connection
A. Imboden with the institution,
was issued under date of the 9th
the bank:

single share of stock in the Denver Savings Bank stands in the
Mr. Leonard Imboden. Mr. Imboden has never been a stockholder in said bank, neither is he now, nor has he ever been an officer
or director in the institution.
Moreover, the unfortunate and unnecessary run that lias been precipitated on the bank is not due to any influence Mr. Imboden has had on its management.
"As attorneys for the bank we are of the opinion that it is solvent and
amply able to take care of all its interests. It has not asked for aid from
the clearing houses nor from any other source, and it will not be necessary
for it to do so.

"Not a

name

of

"POTTER & BANKS,

"Counsel for the Denver Savings Bank."

an advertisement published on the 11th inst. (by
which time the run was said to be over) it was announced
In

that "local parties of strong financial standing are negotiating'for the purchase of stock in the
tion with the institution will

banks

make

bank and
it

their associa-

one of the strongest

in the State."

—The Grand Avenue Bank

of St. Louis, organized on
on the 24th ult. at Grand and
Easton avenues.
The bank has a capital of $100,000 in
shares of $100 each, and has not as yet created a surplus
fund.
E. E. Magill is President; A. W. Lambert and Igna-

March

tius
is

9,

opened

McMenamy

for business

are the Vice-Presidents,

and W. L. Nichols

Cashier.

—

Judge John W. McElhinney of the St. Louis County
Court on Tuesday appointed Fred. Essen of Clayton, Mo.,
receiver of the People's United States Bank of St. Louis.
The appointment followed the decision (announced this
week) of Judge Willis Van Devanter of the United States
Circuit Court at St. Paul denying an injunction restraining
the enforcement of the fraud order issued against the institution on July 6 by Postmaster-General Cortelyou.
The
bank's directors on Monday, after the announcement of
Judge Van Devanter's decision and previous to Judge
McElhinney's action in appointing a receiver, voted to place
the institution in voluntary liquidation.

Of this, however,
Arrangements, it is announced, have been perfected
$300,000 will be held at present in the treasury. The refor the absorption of the Memphis National Bank by the
maining $1,500,000 has already been underwritten by a synMerchants' Trust Company, both of Memphis, Tenn.
The
dicate.
The bonds bear 4*^ per cent interest. Of the issue,
merger will occasion no change in the title of the trust com$1,000,000 will be offered at par to the stockholders of the
pany and the President of the latter, Felix T. Pope, will
bank, the latter being entitled to subscribe for an amount
continue as its head after the consummation of the present
equal to 50 per cent of their holdings of stock in the bank.
The Merchants' Trust has been in operation only
plan.
The capital of the Deposit Company is $2,000,000, one-half
since January of this year.
Its stockholders in June voted
of which is offered to the bank's stockholders at par, the
to increase the capital from $200,000 to $500,000.
The
•other $1,000,000 being bought by the bank.
The bonds
Memphis National is an older institution and has a capital
will be dated May 1 1906, at which time they will be delivThe report that the American Savings Bank
of $250,000.
ered.
The stockholders will have the privilege to subscribe
Trust Co. is to be absorbed by the Merchants' Trust is,
&
until September 15 1905.
r; -''M'WWl 'W* according to a statement issued by the President of
the last
—The brokerage house of Knight, Donnelley & Co. of named, entirely erroneous.
Chicago this week forwarded to a number of its creditors
The new Texas banking law, which became operative
checks in settlement of the claims against it, which it is re- after the 13th inst., was responsible for the chartering this
ported was effected on the basis of 27 cents on the dollar. week of a number of proposed financial institutions. Two
The firm suspended June 26.
Houston companies were among the list, namely, the Union

—

-

:

:

:

:

—

—

Proceedings have been brought against the officers of
the Western Bank of Denver, Colo, (to whose suspension
on the 9th inst. we referred last week), on the charge of accepting deposits when the bank was known to be insolvent.
According to a list of the stockholders of the bank published
in the "Denver Republican" of the 11th inst., Leonard A.
Imboden holds 504 shares of the institution's $100,000 capital.
The President, William G. Brown, in the previous
day's issue of the same paper is reported as saying that
"although Imboden got hold of the stock of the bank, I want
it distinctly understood that he owes nothing to the bank.
Whatever may have been his object in coming into the

Bank & Trust Company with $500,000 capital, and the AmerBank & Trust Company with $100,000 capital. W. B.
Chew of the Commercial National Bank of Houston is one

ican

of the incorporators of the first-named institution.

Two

which are to locate in San Antonio were
also chartered, these being the American Bank & Trust
Company, capital $100,000, and the West Texas Bank &
M. L. Oppenheimer of
Trust Company, capital $200,000.
in
the
organization
is
interested
Antonio
of the American
San
institutions

Bank & Trust Co. of that city.
The question of increasing the capital of the First National Bank of Los Angeles, Cal., from $500,000 to $1 ,250,000

—

Aug.

THE CHRONICLE.

19 1905.]

be voted upon by the stockholders on September

will

7.

The increase, as noted last week, is to be made on account
of the proposed consolidation of the First National, the Los
Action on
Angeles National and the Southwestern National.
association
increasing the
an amendment to the articles of
number of directors from nine to not more than thirty-one
Will also be taken by the First National's stockholders at
the coming meeting.

— The Canadian

Bank

of

Commerce, head

office

Toronto,

has recently opened branches at the following places South
Vancouver, B. C, with T. R. Futcher Acting Manager;
11. Switzer Acting
Princeton, B. ('.. with
Manager;

647

The number

of tons of freight reported as carried (including
received from connecting roads and other carriers)
was ,309,899,165, which exceeds the tonnage of the previous
The ton mileage, or the number of
year by 5,504,842 tons.
tons carried 1 mile, was 74 r)22 ,0N9,f>77 the increase being
The number of tons carried 1 mile per mile
1,300,810,584.
of line was 829,476, which figures indicate a decrease in the
density of freight traffic of 25,966 ton-miles per mile of line.
The average revenue per passenger per mile for the year
mentioned was 2.006 cents, the average for the preceding
The average revenue per ton per
year being the same.
This average for the preceding year
mile was 0.780 cent.

freight
1

1

,.

,

:

W

.

11.
Jory Manager; Pincher
Creek. Alberta, with W. G. Lynch Manager, and Cobalt,
At Cobalt rich
Out., with R. T. Mussen Acting .Manager.
silver mines, we are informed, have recently been discovA branch will also shortly be opened at North Battleered.

High River, Alberta, with

1'.

was 0.763 cent.

The

gross earnings from the operation of 212,243.20 miles
year ending June 30 1904, $1 ,975,174,091,
being 974,327,184 greater than for the previous year. The
operating expenses were $1 ,338,896,253, or $81 ,357,401 more
Passenger revenue' was $444,326,991 inthan in 1903.
crease, $22,622,399; mail, $44,499,732— increase, $2,790,336;
express, $41,875,636 increase, $3,543,672; other earnings
from passenger service, $10,914,746 increase, $1,093,469;
freight
$1,379,002,693— increase, $40,982,667;
revenue,
other earnings from freight service, $4,568,282 increase,
$101,257; other earnings from operation, including unclassified items, $19,986,011— increase, $3,193,384.
Gross earnings from operation per mile of line averaged $9,306, the
corresponding average for the year 1903 being $48 less.
The income from operation, or the net earnings, of the
railways amounted to $636,277,838, a decrease of $7,030,217.
Net earnings per mile for 1904 averaged $2,998; for 1903,
The amount of income ob$3,133, and for 1902, $3,048.
tained from other sources than operation was $212,933,990;
in this amount are included the following items: Income
from lease of road, $109,694,361; dividends on stocks owned,
§44,969,794; interest on bonds owned, $18,702,245, and miscellaneous income, $39,567,590.
The total income of the
of line were, for the

—

—

—

—

ford, Sask.

STATISTICS OF UNITED STATES RAILWAYS.
Summaries have been published this week from the
Seventeenth Annual Statistical Report -of the Inter-State
Commerce Commission covering the year ending June 30
1904.
The total single-track railway mileage in the United
States on June 30 1904

givenjas 213,904.34 miles, an inThe operated mileage,
concerning which substantially complete returns were made,
was 212,243.20 miles, including 6,638.34 miles of line on
is

crease for the year of 5,927.12 miles.

which trackage privileges were exercised. The aggregate
length of railway mileage, including tracks of all kinds, was

—
—

railways $849,211,828 that is, the income from operation
and from other sources is the amount from which fixed
charges and similar items of expenditure are deducted to
Deductions of
ascertain the sum available for dividends.
such nature were $570,425,902, leaving $278,785,926 as the
net income for the year available for dividends or surplus.
The amount of dividends declared during the year (including $115,546, other payments from net income) was
$222,056,595, leaving as the surplus from the operations of
the year ending June 30 1904 $56,729,331, that of the previous year having been $99,227,469.
The amount stated
above for deductions from income, $570,425,902, comprises
the following items: Salaries and maintenance of organization, $453,341; interest accrued on funded debt, $297,674,738; interest on current liabilities, $13,945,009; rents paid

297.073.34 miles, namely: Single track, 212,243.20 miles;
second track, 15,824.04 miles; third track, 1,467.14 miles;
fourth track, 1,046.50 miles, and yard track and sidings,
66,492.46 miles. Thus there was an increase of 13,251.82
miles in the aggregate length of all tracks, of which 4,932.40
miles were due to the extension of yard track and sidings.
The number of railway corporations included in the report
was 2,104. Of this number 1,086 maintained operating accounts, 848 being classed as independent operating roads
and 238 as subsidiary roads. In the course of the year railway companies owning 5,600.18 miles of line were reorganized, merged, consolidated, etc.
For the year 1903 the cor- for lease of road,
$110,857,803; taxes, $61,696,354; perresponding item \f-as 10,486.37 miles.
manent improvements charged to income account, $38,522,The length of mileage operated by receivers on June 30 548; other deductions, $47,276,109.
1904 was 1,323.28 miles, showing an increase of 137.83 miles
as compared with the previous year.
The number of roads
in the hands of receivers was 28, and at the close of the
IMPORTS
EXPORTS FOR JULY.
previous year 27, six roads having been taken from the
The Bureau of Statistics at Washington has issued the
hands of receivers and 7 having been placed in charge of
the courts.
statement of the country's foreign trade for July, and from
On June 30 1904 there were in the service of the railways it and from previous statements we have prepared the fol4*1,743 locomotives, the increase being 2,872.
As classified,
lowing interesting summaries:
these locomotives were: Passenger, 11,252; freight,

AND

27,029;

switching, 7,610.

There were also 852 not assigned to any

class.

FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
(In the following tables three ciphers (000s) are in

The number

of cars of all classes was 1,798,561, having
increased 45,172 during the year.
The assignment of this
rolling stock was, to the passenger service, 39,752 cars; to
the freight service, 1,692,194 cars; the remaining 66,615 cars
being those employed directly by the railways in their own
service.
Cars used by the railways that were owned by
private companies and firms are not included.
The number of persons on the pay-rolls of the railways in
the United States as returned for June|30 1904 was 1,296,121,
a decrease from 1903 of 16,416.
The amount of wages and
salaries paid to employees during the year ending June 30

1904 was $817,598,810"
The par value of railway capital outstanding on June 30
1904 was 813,213,124,679, or $64,265 per mile.
Of this
$6,339,899,329 existed as stock, of which $5,050,529,469
was common and $1,289,369,860 preferred, and the remaining part, $6,873,225,350 as funded debt, which consisted of
mortgage bonds, $5,746,898,983; miscellaneous obligations,
$723,114,986; income bonds, $229,876,687, and equipment
trust obligations, $173,334,694.
Current liabilities, not included in railway capital, amounted to $881,628,720, or
$4,288 per mile.
Of the capital stock outstanding, $2,696,472,010. or 42.53
per cent, paid no dividends.
The amount of dividend.- declared during the year was $221,941,049.
For the year
ending June 30 1903 the amount was $196,728,176. 'The
funded debt (omitting equipment trust obligation- that paid
no interest was $300,894,215, or 4.49 per cent. Of the total
amount of railway stock outstanding, $1,942,858,359 were
reported as owned by railway corporations, and of the railway bonds, $558,472,242 were so reported.
The number of passengers carried in the year ending
June 30 1904 was 715,419,682, an increase of 20,528,147.
The passenger mileage, or the number of passengers carried
l;mile, was 21,923,213,536, having increased 1,007,449,055.
1

all

Exports. Imports.
$
$

Excess.
$

262,960
83,522
80,698
81,157
71,194

+ 117,774
+ 26,358
+ 9,189

-758,949

579,531

+179,418

22,115
10,290
10,473
4,886
8,925

—17,728

—3,789

4,387
19,470
43,069
1,523
1,083

+ 19,433

69,532

56,689

+12,843

+ 6,077
—242
+ 1,685
+ 2,388
+ 1,333

13,026
3,833
5,098

6,824
2,216
1,983
2,753
1,381

Exports.
Merch'dise. $

Imporls.
S

Excess.
$

Jan.-Mch .367,447

311,858
95,110
92,526
90,447
83,857

+ 55,589
+ 33,465
+ 31,268
+ 30,706
+ 24,077

380,734
109,880
89,887
93,225
85,223

673,798

+ 175,105
+ 24,793

April

May
June
July

128,575
123,794
121,153
107,934

Total... 848,903

Gold and Qold
Jan.-Mch . 34,015
April
1,304
May.
481
4,031
1,155

Ore.
9,222
2,581
2,657
2,149
4,944

Total... 40,986

21,553

June
July

i

i

cases omitted.)

1904-

1905-

—1,277
—2,176

+ 1,882

and Silver n Ore.
Jan.-Mch . 12,592
6,515

•

+ 12,068
+ 14,029

+ 9,180
+ 32,596

—3,363
•—7,842

Silver

April

2,318
5,427
4,744
4,281

May
June
July

2,560
3,742
2,356
2,948

Total... 29.362
18.121
+ Excess of exports.

4,411
4,535

+ 6,202

+ 1.617
+ 3.115

+ 1,658
+3.164

+15,746

+11.241
30,903
15.157
Excess of imports.

—

We

subjoin the totals for merchandise, gold and silver
for the seven months since Jan. 1 for six years.
Merchandise.

.Stiver.

Gold.

.Seven

Months.

Excess

Excess

Ex-

pom.

Im-

of

Ex-

Im-

of

Ex-

Im-

ol

ports.

Exports

ports.

ports.

Exports

ports.

ports.

Exports

I
%
90S ... 848.903 673.798
1904 ...|7S8.949i579. fi.il
1903 ...789. 4051594 (132
1902 ... 726.1IN7 535.490
1901 ... 831,305 506 523
1900 ...l8l2.48Cj5O3.078

%
175,105
179.41*
194 533
191.497
324. 782
309.108
I

S

40.980
69,532
40.4S4
28. Oil

32.300
33.713

*

s

21.553
56.089
18.607
14.7^2
20.001
27..sm;

19,433
13,84a
2I.S17
13.379
ra.3«2
5.

MM

29. 302

30.903

26.200
32.272
35.2S4

I
18.121
15.157
12.540
14.977
17.

'.'17

22.193

%
11.241
I

11.703
14.575
13.091

THE CHRONICLE.

648
Similar totals for the

month

of July for six years

make tendency

the following exhibit.
Gold.

Mtrchandlse.

One
Month.

1905
1904
1903
1902

Silver.

BXI

Extrss

Ex-

Im-

0/

Ex-

Im-

ol

Ex-

ports.

porti

Exports

pOTtt

ports.

Exports

ports

... 1(17. <X'.\
... 85,223
... 91,813
... 88,791
1901 ... 109,162
1900 ... 100,453

83,857
71.194
82, INN

79,148
73,082
63,660

24.077
14,029
9,025
9,013
36,370
36,793

.

i

M

Im-

0/

ports.

Export!

[Vol.

lxxii.

Germany, and has been for some time past," to
scrutinize with a somewhat jaundiced eye every act of the
British Government.
This attitude has been very noticeable ever since the outbreak of the South African war, and
in

unfortunate exhibition made at the
Sine- the war there has been a growing
feeling in this country that the Germans regard us with anything but friendly eyes.
While this feeling exists on both
especially

since

the

Battle of Colenso.

55
,083

4,944
8,925

9,118
7,884
2,875
3,273

4,031
1,594
4,070
11,203

1

1

.

1

03,789
07,842
4,487
6,290
01,201
07,990

4,281
4,535
3,015
3,672

2.948

3,838
4,914

2,50'.'

1,381

2,664
2,277

1

.333

3.154
451
.395
1,270
1.570

1

North Sea, it cannot tend to improve the relabetween the two peoples. The visit of the French
a Excess of Imports.
Channel Squadron to Portsmouth next week is further eviIn these tables of totals, gold and silver in ore for all the
dence of the friendly relations happily existing between the
years are given under the heads respectively of gold and
French Republic and the British Government. Everything
silver.
possible will be done to make the visit a pleasant one for our
The following shows the merchandise balance for each
neighbors, and the officers of the squadron are to be enteryear back to 1875.
tained at a banquet in Westminster Hall, where no banquet
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
has taken place since the coronation of George IV.
7 months ending July 31
1 month ending July 31—
The meetings of the various railway companies, so far as
Imports. 825 ,472,478
Imports. $3,677,266
1875
1875
Exports. 59 300,024
1876.
Exports.
9,236,241
1876
they
have yet been held, bear out very fully the general imExports. 35 480,343
1877
Imports.
2,416,070
1877
Exports. 166 517,286 pression prevailing that our home trade is very much slacker
1878
Exports. 10,662,751
1878
1879
Exports. 124 ,680,960
9,644,349
1879
. Jlxports.
The diviExports. 44 ,874,081 than it was a year and especially two years ago.
1880
13,710,587
1880
. Exports.
1881
Exports. 108 ,610,902
Exports. 10,610,936
1881
Imports. 50 ,624,367 dends are, for the most part, lower, and it is regarded as quite
Imports. 11,187,337
1882
1882
1883
Exports. 41 ,986,173 a "bull" point upon the Stock Exchange when a company is
Imports.
1883
4,096,846
Exports. 10 ,242,803
Imports.
513,032
1884..
1884
Great extrava1885
Exports.
951,069 able to announce the same rate as last year.
Imports.
1885
3,362,624
Imports.
833,824
Imports.
2,855,086
1886
1886
gance,
private,
which
culminated
national
and
in the boom1887
Imports.
287,441
Imports.
1887
7,197,314
Imports.
Imports. 14,157,356
1888
,732,756 ing times of 1900, has led to an inevitable reaction, and we
1888
Imports.
Imports. 19,528,719
1889
183,975
1889
.Imports.
1890
Imports. 23,114,472
1890
,835,835 are now experiencing the lean years after having enjoyed in
3.344

sides of the

tions

1891

1892
1893
1894
1895
1896
1897
1898
1899
1900
1901

1902
1903
1904
1905

Imports.
.Imports.
Exports.
Imports.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.

4,373,142
7,368,263
5,927,790
12,687,890
16,484,057
15,609,237
17,429,209
21,540,668
34,824,426
36,793,115
36,370,075
9,642,753
9,625,442
14,029,536
24,077,710

1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903.

1904
1905

Imports.
Exports.
Imports.
Exports.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.

17 ,634,713

40 157.149
62 872,231
59 ,182,709
21 ,219,092

90 .565,677
54 391,108
316 ,821,427
239 ,398,180
309 408,206
324 781,593
191 ,496,774

194 532,842
179 418,080
175 ,105,299

somewhat riotous living the fat ones. A period of careful
economy should permit us to recuperate, and although railway shareholders suffer from the present economies practiced by the public, the public first and the shareholders in
due course will benefit in the long run. As a consequence of
our past extravagance, every report of railway companies,

without exception complains of the heavy growth in the rates
and taxes levied by the various municipalities through
which the various systems pass. This complaint is by no
means confined to the railway companies. It is echoed by
the private citizen more or less in all the towns throughout
,

But particularly it is so in the metropolis. It
a significant fact that may or may not be accounted for by
the abnormal growth in rates that at the present time within
the country.

London, Saturday, August 5 1905.

Being so close to the seat of the negotiations, New York
should naturally be in receipt of somewhat earlier information than London can expect with regard to the varying
phases of the peace negotiations. Although read with great
interest, the interviews which took place between M. Witte
and the representatives of the American journals cabled
here have had but slight influence on the markets. It is argued that M. Witte, being known to be a strong advocate of
peace, having been throughout opposed to the war, will do
all in his power to bring his Government to a reasonable way
of looking at the situation.
The fact that he has been sent
seems to argue that Russia is at last coming to recognize
accomplished facts. On the other hand, the meeting between the German Emperor and the Czar is not liked. And
M. Witte's statement received by cable has not altogether
made a favorable impression. It is felt that M. Witte having agreed to be interviewed, was not likely, in the slang of
the day, to give his full case away.
The general impression this week on'the stock markets is
that the negotiations may be more prolonged than was

is

county of London, and 'especially in the
and more opulent districts, there are an abnormally
large number of houses to let.
It is inferred that the motor
car and other means of communication have induced the
residents to seek suburban fields where they are not subject
to the high rates levied in London.
Owing to the heavy call on the new Japanese loan and to
the money being transferred to the credit of the Government
at the Bank of England, rates in Lombard Street have been
exceptionally high this week.
The Bank reserve amounts to
£26,485,585, and its proportion to the liabilities is about 47J^
per cent. A year ago the reserve was just over 23% millions
the administrative
central

proportion to the then liabilities being 48J^
In due course the Japanese money will be released,
as it is the laudable practice of our very considerate ally to do
nothing to disturb the London money market that it can
Some gold has come in from abroad during
possibly avoid.
the week and a million has arrived from India, although this
Just at
has been ear-marked for the currency department.
thought likely when M. Witte's appointment was first anfeel
the
full
force
of the holiday demand in Lompresent we
nounced. That the feeling is pretty strong, is evidenced by
bard Street. But in a week or two's time this money will
the fact that while there has been no genuine selling of secubegin to return, and money should once more be plentiful
rities, the "bears" have not hesitated to attack markets.
And it is evident that if a hitch occurs in the negotiations a and cheap.
The India Council offered for tender on Wednesday 70 lacs
vigorous campaign on behalf of the "bears" may be expected,
of drafts, and the applications exceeded 438 lacs at prices
first upon the war stocks, and, secondly, if the probability of ranging from Is. 4d. to Is. 4 l-16d. per rupee.
Applicants
peace threatens to be further delayed, no doubt the cam- for bills at Is. 4 l-32d. and for telegraphic transfers at Is.
paign will be initiated upon those securities which have re- 4 l-16d. per rupee were allotted about 22 per cent of the
amounts applied for.
cently had so rapid a rise.
The following return shows the position of the Bank of
The visit of the British Channel Squadron to the Baltic, England, the Bank rate of discount, the price of consols, &c,
after creating much excitement in the German press, is now compared with the last three years:
sterling, its

per cent.

•

being explained away by the more or less semi-official organs
of the Berlin Foreign Office.
Coming immediately after the
meeting of the Emperors, it is regarded as an unfavorable
symptom by the German public. It has been announced,
however, that the visit of the fleet was arranged months ago
when nothing was known of the meeting between the Czar
and the German Emperor. It is one of the unsatisfactory
signs of the present state of Europe that there is a strong

1905

Aug.

1904.
2,

£
Circulation...
Public deposits
Other deposits

..

Govern't securities.
Other securities
Reser., notes&coin.
Coin&bu!..both dep
Prop, reserve to liap.c.
bilities
p.c.
Bank rate

Aug.
£

3.

1903.

Aug.

5.

1902.

Aug.

6.

£

£

30.072.720
9,790,370
43,357,654
10,752,444
29,185.888
25,201,435
36.884.155

29,278,235
6,027,370
41.735,322
15.703,766
26,804,809
23,282.258
34,110,493

30,691,315
0,286,061
39.937.022
15,338,622
25.902,537
23,109,341
35,024.686

47 7-16

48^

49

30,516.260
7,119,993
41.234,540
16.982,336
25.723.430
23.836,340
36.578,106

%

1901.

Aug.

7.

£
30,633.540
7,^65,912
40,624,820
10.200,876
26,330.112
23,871,573
36,530.113
49 3-16

3
3
3
3
90 5-16
90 13-16
8756
93 5-16
94%
Consols, 2H P- c.
25Ud.
27d.
27J4d.
24Md. 26 15-16d.
Silver
Clear .-house ret. ...276.003.000 197.842,000 176.492,000 175.766,000 163,015.000
I

—

AlG. 19
The

—

W

.

money have been

as follows:
J ulu

July 28.

Hank of England rate.
Open market rates
Hank bills— 3 months
months
months
Trade bills--- 3 months

—

..

1

13-18

Jl*

21.

1.

1

IH

ib 2

2 3-1

2 3-lli(ii •._«t 4
2-,@ 2 3-16

month*

I

I

1"

,

1

,

|

.

J

\

13-1

days

1

1

1'.

1

1

1'4

Hi

1'.

JulU 21.

Hank Ojien
Kate. Marker.

Kale. Mark,/.

Interest at

Hank

o

_

3
3

Amsterdam

2

3
3

3

Brussels

•->

Vienna

3

\"
3«

St. Petersburg

5

5,^

Madrid.

4
4

4H

Copenhagen

Mos>r<.

&

Pixley

21

2-s

S8

§|
IS

2 3-16

nom.

nom

3H

3>4

4

4

1-.-

2U

Abell write as follows under date of

—

GOLD. Paris has again been a good buyer ot bar cold and has taken over
£600.000 out of the largo shipment to hand from South Africa. At the close the
cheque is firmer again and the price of gold slightly lower. The £ 1,000.000 sovereigns
from India have not been paid into Bank, but are held In custody to the order ot
the India Council. The further shipment of £500,000 has been postponed. £80,000 has been withdrawn from the Bank of South America. No other bullion movements have taken place at the Bank. Arrivals Bombay. £1,000,000: Australia.
£31.000: Capo Town. £727.000: West Africa, £42.000: total, £1.800,000. Ship-

—

ments—Bombay. £65.500; Calcutta. £15.994: total. £81.494.
SILVER. — Movements have again been small and we remain

practically un-

changed on the week at 27 l 4 d. cash, with forward 'id. lower. Supplies remain
and although the East generally Is doing nothing still there have been sufficient special inquiries to absorb them.
The Straits Dollar Is now quoted at 2s.
7-16d.
The Indian price Is quoted Rs. 09' .
Arrivals— New York, £ 15s. 000;
Australia. £4,000: total. £102.000.
Shipments— Bombay. £81.300; Calcutta,

small,

.

total.

£122.300.

MEXICAN' DOLLARS. —These coin continue quite nominal.
The quotations for bullion are reported as follows:
GOLD.
Aug.
July
SILVER.
Aug.

London Standard.
s.

Bar

1

1

inclusive

,

J.

Cummins, Assistant

('.

Cashier.

first

National Hank of Leland,

Capital, $30,000.

Illinois.

Stephen Hum, President; Willis C. Farley, Vice-President;
A. 11. Karn, Cashier: N. (!. Klove. Assistant Cashier.

National Hank of Perrv, Florida.
Capital, $25,000.
Peacock, President; Ci. R. Battle, Vice-President; W. L.
Weaver, Cashier. Conversion of the Hank of Perry.
7,866— The First National Bank of Rolette, North Dakota. Capital,
825,000. Clarence C. Dinclnut, President; A. Egeland, Vice'
President .Marion Cowards, Cashier.
7,867— The First Nationul Bank of Corona. California. Capital, 825,000.
Ernest H. May, President; William K. Hibbard, Vice-President; Jno. P. Kev, Cashier.
7,868
Tin- First National Bank of Huntington Beach, California.
Capital, S25.000.
S. Townsend, President; H. S. Hazeltine and
Webster,
Cashier
C. P.
Vice-Presidents; J. F. Heartwell,
W. ('. Brandon, Assistant Cashier. Conversion of the Bank
of Huntington Beach.

7,865— The

Firtl
s. II.

;

—

August 3rd:

£41.000;

ugutt 8 U> A ugusi

.1

President; Morton Kilgore, Cashier.

The

1

:>

3

issued

citizens' National Hank of Sidney. Ohio.
Capital, $100,000.
H. \v. Thompson, President; w. P. Metcalf, Vice-President;

14.

Mark,!.

.

rtificates

Succeeds the Citizens' Hank of Sydney.
7.863— The First Nationul Hunk of Goodland, Indiana. Capital, $25,000.
Benjamin W. Pratt, President. Zlba F. Little, Vice-

Oven

/(<>«a
h'nl,

IM

:;

3

Hamburg
Frankfort

at the

July

Open
Mark,

If ate.

'<

Win. A. Graham, Cashier;

1',

and open market rates

July 28.

Aug. I.
Open

Bank

The

7,862

have been as follows:

chief Continental cities

Paris
Berlin.

i

rates of discount

Roles of

NATIONAL KAN KS ORGANIZED.

3M@aH

l

The following Information regarding national

from the Treasury Department:

is

i

call

The Bank

ITIONAL hanks

lianks

disoiHint-hoiusos

7 to 14

.

(549

<

5-ia

Interest alloieed ,'or deposits—
in joint stock banks

At

.

.

(Commercial and ZUisccUancoxisJIlcwjs

Ik

u-li

l

r.

(>

Bv

..

.

I

4

.

the chronicle.

1905.1

rati s for

, .

,

.

London Standard.

27.
d.

3.
d.

Bar

77 9- s
70 4$J

oz
77 9hj
76 4W
V. s. gold coin, oa
German gold coin. oz.a7G 4!-?
-:old. tine,

4> 4

(176

27

a Nominal.

H

N(w

Customs Receipts

York.

at

1905.

New

York.

Exports.
1904.

$
00,787.010
60,183.435

1905.

1905.

1904.

1904.

45,350,536
39,210,736
43.569.116
41,092,679
36,404,988
39.322.465
35,656.730

$
15,848,906
14,597,442
15,781,796
12.530.157
12,696,300
13,142,232
14,538.886

$
14,708.884
14,506,985
14.913.203
13.108,256
12,109,942
13,324.948
12.991.148

Total. 412.306.317 353.934,391 305,668,446 280,614,250

99.135.719

95.663.366

January
Fcbru'ry

March. .

70.54fi,661

April

58,243,120
55. 206,731
50,092,465
51,186,889

May

of cereal produce into
during the season to date compared

at

Imports

Month.

27 3-16
26 15-16

The following shows the imports
the United Kingdom
with previous seasons:

Merchandise Movement

27.
d.

" 2 mo. delivery
27
Bar silver, containing
27 11-16
5crs.gold,oz
27K
4grs.gold,oz
27 9-16 27!^
3grs.gold,oz
27 5-16
27%
Cake silver, oz
29 5-16
29%
Mexican Dollars
Nom. Nom.

a76 4H
a76 4i 4

French colli coin, oz.a70 4 "m
Japanese yen, oz
o76 4 )j

silver, fine, oz

this department, made up from weekly returns, we give the
following figures for the full months, also issued by our New
York Custom House. The first statement covers the total
imports and exports of merchandise and the Customs receipts
for the seven months of the last two seasons.

July

3.
d.

s.

FOREIGN TRADE OF NEW YORK.— MONTHLY
STATEMENT.— In addition to the other tables given in

June
July ...

$

$

51.497,193
57.437.869
56.382.380
50.361,125
47,324.244
48,254.991
42,676,639

42,508,066
38,180,015
47,289.626
49,178.410
42,365.553
45,961.292
40,185,484

IMPORTS.
Forly-cight

weeks—

1904-5.

1903-4.

Imp'ts of wheat, cut. 96,333,400
Barley
19,904,600
Oats
15,731,800
Peas
2,076,895

Beans

84,662,736
29,843,726
13,940,894
2,184,670
2,008,468
43,699,967
18,030,343

1,397,620
37,144,750
10,173,320

Indian corn
Flour

1901-2.
66,162,s_>7

1902-3.

77,496,443
24,337,468
15,055,561
1,772,480
1,443,887
39,117,336
17,893,847

20,437,123
15,795,614
1,919,607
1,728,638
42,650,935
18,594,566

The imports and exports of gold and
months have been as follows:

1904-5.

Wheat imp'ted. cwt_. 96,333,400
Imports

of flour

Sales of home-?rown.

10,173,320
13,626,017

1903-4.

1902-3,

1901-2.

84,662,736
18,030,343
16,813,436

77,496,443
17,893,847
22,715,851

66,162,827
18,594,566
22,512,011

Total
...120,132,737 119,506,515 118,106,141 107,269,404
price wheat, week.
32s. 3d.
28s. Od.
28s. lid.
31s. 8d.
Av. price, season
27s. 2d.
30s. 8d.
28s. Id.
26s.
2d.

Last week
f2.760.000
1
75,000
1,045.000

wee!;.

9wn

irsl
(l nn
Flour, equal to... qrs.J z, °'£ "' uu "
Maize
_qrs.
1.140,000

English Financial Markets Per Cable.
The daily closing quotations for securities, etc., at London
as reported by cable have been as follows the past week:

Wak

London.
inding Aug.\%.

peroz

Consols, new.

2H

Sat.

<\. 27'A
per cents.. 90

For account
SOU
French Rentes On Paris).. fr. 99.72%
Anaconda Mining Co
6
Ateh. Top. & Santa Fe
91%
Preferred

Baltimore

A

106%
119^
102%

Ohio...

Preferred

Canadian Pacific
.163
Chesapeake <k Ohio
58
Chicago rircat Western
22
Chicago Milwaukee* St. P. .189%
Denver * Rio Grande
33H

89%

Preferred

'ommon

491^
87
77

preferred
Second preferred..
Illinois Central
Louisville A Nashville
Mexican Central

Mo Kan. A

Tex.,

184%
154%

23%

com

31

Preferred

Nat. Kit.., f Mexico
39%
N. V. Central A Hudson Rlvl58
Out. 4 Western
56

NorfoikA.-Western.com
Preferred

Northern Securities
° Pennsylvania
a Readme Co.. com
a
\ irst preferred
a
Second preferred

£ or k
I.
,
1

Preferred
don.Pacific,

r,

com

'."

.8 Steel Corp..
Preferred

eon

..

Debe nture "Hi"
q Price per share.

6

27*4

90 7-16

90^

90%

90 9-16

.

Thurs.

July ...

3,138.865
3.567.990
3.059,023
1,480,767
2.416,719
3.770.032
2.781,016

Total.

6,909,988

6,750,410

38.211,160

66,695,257

3,026.374

20.214,412

March..
April...

May
June ...

«0U

90W

90 9-16

99.72% 99.77% 99.62%
6

6

92%
106%

92%

106^

106%

107

119

120
103

117
100
164'^

117M

102%
166%

164%

6

93%
100

164%

164%

58%
22%

58

22%

59
23

189%

190
86
92
49s'

189%

191

90

49^

77%

35%

30%

91%

92
50

!»-".

85%

86

77

TT

4934
77

BOH

184!4

IM

182%

184

154%

154%

154

155%

23%
32%
69%
40%
57

88%
$8%

J I',

24U

34%

35'

72

74

41

40%

Name

57%
88%

57%

74t.

74 1

50%

7I\
56%

49

49

49

,

33%
68%
36%

41

57%
89%

55%

48%
34%

78

57%

56%
49
48

49

80%

70«
36H

Hi.'

102%

102%

102',,

137%

138

13BH

1

101

101

101%

loi'.

i"i

:i7>,

37M

)0<i>,

109

107M

2<)>A

41

43

73^

43%

74^

7-,

Ex-dlvklend.

,

Preferred

Holders of rec. Aug. 21
Holders of rec. Sept. 20

Oct. 4
Oct. 4

to
to

—

to

Sept. 1
to
1 Aug. 22
15 Holders ot rec Sept. 1
Sept 30d
to
30 Sopt. 22
i;> Aug.
6d to Aug. 15
Sept. 4
to
1
Aug. 26
Sept. 4
to
1 Aug. 26
22 Holders of rec Aug. 19
III Scut.
Sept. 10
to
Sept. 10
in Sept.
to
Sept. 15
Sept.
to
2
Sept. 15
to
2 Sept
Sept. 7
to
15 Sept.
Sept. 7
to
Ifi Sept.
Sept. 7
to
S Sept. _
20
Sept.
23
to
Aug.
Sept. 15
to
IS Aug. 26
Sept. 20
to
20 Sept. 9
18
].". Holders
of rec
s
Sept
to
Aug. 22
.

.

(quar.)
..

.

1

I

.

.

1

d Correction.

—

Auction Sales. Among other securities the following not
regularly dealt in at the Board were recently sold at auction:
By Messrs. Adrian II Muller & Son:
1

50

M

.

35

"' s
I.

Aug. 19

Sept.
Sept.
Sept.
Sept
Sept.
Oct.
Oct.
Sept.
Sepl.
Sept.
Sept.
Sept.
Sept
Sept.
Sept.

Common- (extra)

Kings County Elec. L. A P. (quar.)
National Lead. pref. (quar.) fN'o. 55)
Railway Steel Spring, pref. (quar.)
Standard Oil (quar.)
'tilled states Envelope, pref

60
1

37%

7.-,

1

1
1

Aug.

Preferred (quar.)
Federal Mining & Smelt., com. (quar.)..

is
SO

10

211,

."I

41

73

9

Sept.
Sept.
Sept.

Graph'ph'c. com. (mthly.) (No. 31)
American Radiator, com. (quar.)
Preferred (quar.)
Amcr. Smelt. Securities, pref. A. (quar.)
Preferred. Scries B (No. 1)
Calumet it Hccla Mining
Childs Co.. com. (quar.)
Preferred (quar.)
F.astman Kodak, com. (quar.)

fl

I-

10

Aug.
Sept.
Sept.
OcJ.

rec.

Miscellaneous.

American Coal

Am.

4(1

[02

37',

160%

Aug. 18

Oot.

Oct.-

&

195

136%

.37%

,

Inclusive.

1 Holders of
2
2 Sept.
2
2 Sept.

Sept.

.

com

£

Books Closed.

Days

.

97
192

,

When
Payable.

Street Railways.
California «t San Fran, (mthly)
Rochester (N. Y.) Ry.
Lt.. pref. (qu.)
Rochester (N. Y.) Ry., com. (quar.)
Preferred (quar.)

1

41

160%

191
74',

Pacific,

Per
Cent.

Preferred

25
34

34%

159W
97

155%

25
7

1

Company.

Railroads (Steam.)
Susq.. pref. (quar.) (No. 13)

&

Canadian

0/

1

159%
98
192

59%
23
192

36

K7!- 4

77H

117

100

58
22

33%

107%

S

DIVIDENDS.

Fri.

27%
90 7-16

6
92?;

6

98

...109
20

^?£»«h

Wed.

27%

88%

33%
67%
36%

'

.

Tues.

27 9-16
90 3-16
90 5-16

98
1-

Southern Rr-. com.

Man.

$

325,706
226.314
655.043
588,386
508,220
238,130
484.575

1,815,000
205,000
1,270,000

3,025,000
170,000
945,000

1905.

1904.

812,454
636.285
2,863,058
19,278,579
41,678,667
890,662
535,552

1902-3.

1903-4.

Exports.

1905.

$
15,068,907
14,647.636
2,292,099
1.136,912
115.739
3.908,573
1.041,294

Buffalo

Silver.

1905.

—New York.

Imports.

$
4.019,112
174,926
257,674
218,934
1.152,086
712.309
155.369

Fcbru'ry

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This

Silver

seven

314.196
610,959
3,333,176
1.151,484
267.609
763,140
469.424

January

A v.

_
Wheat

York.

Exports.

1904.

1905.

$

1):

New

at

Imports.

Supplies available for consumption (exclusive of stock on

September

Movement

Gold

Month.

silver for the

45
75

Right

V

N.

Stocks.
v. Boc.

•

Library
free from annual pajr'ts. .$110
Y. Life Ins. <V Tr. Co .1,036

Wareh. A 8tor, Co
100
l»orthw.Corn.Co.ofSeattle86k
Internat. Banking Corp... 160
n J
a
71
u1 Riv. Fei Co
farmers' Loan A: Tr. Co
1,451
CltUi na' Central Nat. Rk I82H
silk City Saf.- Dep. <v Tr.

da

16,000 Denver G
i

Co.
int.

Hol

,

SS.oon \

c.

MAN

I'll'r

i

int.

Bklyii

1

Co. of Paterson, N. J..
Co.

New Amsterdam
(to,

Powei

.nun
.1

;

.

'

102

D

A

Union G

12,000 North

int.

106
$1.(100

Bklyn

'

I

175

liomls.

19.000

.si

Cas.
1048; J<t.J..112^ k i"t

.1

i

126,000

int.

1

l

SyndlcaV

S

I

ittoa

Iniik
(is

THE CHRONICLE.

<>50

New York

City Clearing House
condition for the week ending Aug.

age of daily

of

on aver-

12, 1905, based

results.

We omit two ciphers (00)

BANKS.

Banks.— Statement

Surpltu

Capital.

Loans.

New York

City, Boston and Philadelphia Banks.— Below'
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is

Lega

We omit luo ciphers (OO) in
t

!

00a omitted.

Bk. of N. Y
Manhat. Co
Merchants'
Mechanics'

America
City

Chemical ..
Merch. lis
.

Gallatin

Bul,& Drov
Mech.&Trn.
Greenwich

Amer.Exch
Commerce..
Mercantile

Chatham

. .

People's

...

N. America

Hanover

...

Irvins
Citizens'

..

Nassau
Mar.& Fult.
Shoe&Lthr
Corn Ex eh

.

Oriental

...

Imp. & Trad

Park
East River
Fourth
Second
Pirst

N.Y.Nt.Ex.

Bowery

. .

N. Y. Co

...

German Am
Chase
Filth Ave..

German Ex.
Germania

..

Lincoln
Garfield
Filth

Bk. of Met..

West

Side..

Seaboard

..

IstN.Eklyn
Liberty

N. Y.Pr.Ex

New Am st.
Astor
Total

...

2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
600,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
75U.0
1,500,0
3,000,0
250,0

$
2,604,3
2,559,8
1.435,6
8,468,4
3,847,5
0,014.0
218.8
17,480,7 196,992,6
7,6*8,7 26.244,1
5,990,7
365,8
9,0(19,
2,231,4
2, 'J 9 7.'-'
119,9
5,062,0
372,9
4,000,6
654,8
4,260.9 27,652,9
12,113,0 103,.r>:.9.'.
4,371,9 22,297.1
3,494,0
630,4
6.265,9
1,045,5
-1

4 29,7

2.2(19.2

2,021,8
6,961,5
1,088,5
634,4
315,2
1,385,8
429,1
3,361,6
1,114,7
6,718,9
7,324,7

15,011,1
62,010,0
7,084,0
16,267,0
3,095,6
0.S74.5
6,932,0
32,342,0
9,054.2
24,170,0

109,(1

1,221.'-

3,0oii,o

3,01 5,9

20,710,7

300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
•350.0

1,519,4

10,214,(1

74,665,0

15,914,:: 106,S45,8

8,851,2
3,276,0
5,000,0
4,344,2
18,112.7
10,019.4
2,977.9
2,517,6
12,894,7
7,278,2
2,588,6
8,470,0
4,018,0
14,781,0
4,363,0
11,380,5
5,480,0
5,997,0
4,640,0

883,1
771,0
729,6
546,4
4,399,6
1,769,5
728,5
876,8
1,42*, 6
1,287,7

418,6
1,481,1

659,6
1.471,9
625,3
2,038,0

484,6
580,9
594,6

D.C.
18,843.0 26-1
31.406,0 31-0

1,665,0
2,242.0
1,607,8
1,782,0
2,481,6
278,0

3,262,0
7,494,0
3,454,9
4,358,0
4,796,7
1,159,0
44,428,9

18.218,6
23.079.0
28,595,8

277
200

5. '.'59.0

.'73

4, 43:). 2

1.7.S1.1

1,179,9
1,320,3
585,1

606,3
564,0
70,0
601,0
510,0
1,710,2
12,626,5

754,0
601,3
3,466,6
25,084,6
3,430,6
251,6
675,2
85,5
1.742,7

- •>

1

27-6
23.96 1.6 25-8
6.739,4 26-5
7,320,4 25-7
2,661, 21 5
5,643.0 24-0
4.291,5 265
20,495,1 25-2
150,877,4 24 9
18,780,4 2.V1
3,750,3 19
6,419,9 2b'0
2,658,8 25';
13,870,6 26-2
61,715.4 25 4
6.577,0 239
20,352,9 25-3
3,562,5 21-6
7,333,8 290
9,192,8 24-9
39,834,0 24'8
9, 1 62,3 21-1
21,462,0 24'8
89,463.0 28-1
1,382,7 24-2

10.836,.-! 199.

642,

1,409,9

458,8
999,3
593.7

1,899,9
5,618,8
375,1
2,138.7
469,8
623,4
379,7
4,586,0
477,0
1,284,0
6,526,0
192,8
2,530,1 24.220,'- ib-i>
1,822,0 10,590,0 230
2,516.1 101,992,0 2o-6
472,2
8,491,0 25-3
230,0
3,620,0 190
484,0
5.755.2 25-2
4,278.5 23'9
191,2
1,914,3 56,815,2 2o-2
383,2 11,328,5 25-8
875,0
3,739,6 29
796,3
5,441,9 ±AA
2,897,9 14,117,3 26-2
219,8
7,040,8 230
129.7
2,666,.< 243
545,9
9,680,2 2 lb
357,0
4,327.0 25-4
1.596,0 17,077,0 24-3
5,081,0 33-8
1,064,0
250,0 10,075.9 2/4
444,0
6,268,8 24-6
739,0
6,994,3 22-0
233,0
4,603.0 2b'l

10,091,-'

1,201,8
3,024.1

298,9
1,505,0
1,914.4
5,285,0
1,459,0
4,057,0
18,654.0
142,6
3,889,2
615.0
23.586,5
1,6^5,0
460,0
969,7
831,4
12,450,4
2,548,1

-

211,2
472,0
671,5
],4()0,7

519.V
1,532,5
745.0
2,556,0
654,0
2,518,2
1,101,4
800,4
970,0

115,972,7 139,492.8 11398914 221,391,0 88,120,6 11866592 27-1

Total United States deposits included, .>8,463,600.

Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Aug. 12, 1905, based on average of daily results.
We omit two
Capi-

Sur-

00s omitted

tal.

plus.

Leg. T.

rf

Invest-

Specie.

Man&Br'nx

Colonial

Columbia

..

Consol. Nat.
Fidelity ....

14th Street.

Hamilton

..

Jefferson

..

Mt.

M orris

Mutual
19th

....

Ward

Biverside
State

.

..

12th War l

.

23d Ward..
Union Exoh
United Nat.
Yorkville

..

Coal&I.Nat
Metrop'lit'n
34th Street.

745,5
943,1
637,7
3,006,8
6,257,0
4,055,0

774.8
4,450,?
4,050,0
2,999,6
2,523,3
3,495,1
2,334,3
3,630,0
1,490,2
9,459,0
2,082,0
1,582,6
6,556,7
2,187,2
2,645,9
2,572,4
3,127.3
1,168,4

$

$
16.4
27,4
33,2
63,0

21,9
32,4
27,0
292,5

274.0
456,0
16,2
148,3
187,3

216.0

8,3

144,9
31,3
28,7
120,0
17,3

564.0
35,0
49,7
89,6

231,6
32,5

539,9
167,8
238,5

52,0
40,5

231,6
243,4
142,9
96.0
241,5
206,2
145,0
108,9
282,0
208,0
159,7
259,7
70,8
265,9
289.4
40,6
50,2

..'83,3

liOH.

J'ly29

42.139,5 193,034,0
42,167,5 192.309,0
42,167,5 192,353,0

Aug 5
Augl2
Phlla.
J'ly29

18,453,0
16.913,0
16,588,0

47,960,0 220,895,0
48,835,0 2:1,1 9.11
48,880,0 220,865,0

7,058,< 223.052,0
6,895.( 223,645,9

6,659,0 222,088,0

131, 430,4'

7,707,0
7,753,0
7,793,0

144,969,0
131,147,7

67,597,0
66,990,0
67,129,0

263.566.0 12,775,0
121.011,9
262,307,0 12,848,0
132.609,5
2Sl,0-<2.0 12,828.0
110,355,3
t Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposit*
amounted on August 5 to $1,415,000 on July 29 to $1,431 000.

Aug

Augl

5
2

;

Imports and Exports for the Week.— The following are
the imports at New York for the week ending for dry goods
Aug. 10 and for the week ending for general merchandise
Aug. 11; also totals since beginning first week January.

FOREIGN IMPORTS.
tor week.

1905.

Dry Goods
General Merchandise
Total

Since Jan.

1904.

1903.

1902.

$2,836,821
7.949.748

$2,364,039
8,099.574

$2,538,900
7,737,496

$2,077,192
7.058,808

$10,786,569

$10,463,613

$10,276,396

$9,736,300

$86,063,744
343,419,098

$74,047,371
288.858,897

$83,444,127
286,714.408

$76,502,818
264,596.815

1.

Dry Goods
General Merchandise
Total 32 weeks

$429,482,842 $362,906,268 $370,158,535 $341,099,633

The imports

of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 14, and from January 1 to date.
in

EXPORTS FROM NEW YORK FOR THE WEEK.
For the week
Previously reported..
Total 32 weeks

1905.

1904.

1903.

1902.

$11,084,268
313.569.356

$8,379,708
287,708.091

$8,478,791
301,636.163

$8,236,016
287,424,260

'

$324,653,624 $296,087,799 «31 0.114.954 $295,660,278

the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."

Note.—As

The following table shows the exports and imports of
specie at the port of New York for the week ending Aug. r2
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.

EXPORTS AND IMPORTS OF SPECIE AT
Week.

NEW YORK
Imports.

.Since

Jan.

1.

Week.

-

Since Jan. 1.

Net
Clear'n

Other

Deposits

Auent Xks.&c

Great Britain

$
89,3
65,5
34,4
390,3
470,0
266,0
62,4
270,3
194,8
287,9
289.0
83,0
459,6
470,0

$
.

..

46,4
39,4

449,7
3,7

26,0
5,6

310,0
99,8
56,4
56,7
21,9

$330,922
4,266,136

$1,500
25,236,526

France

5

West Indies
Mexioo
South America
$
$
146,5
100.0
63,6
100,0
100,0
67.6
291,9
100,0
367,4
300,0
1,000,0 1,055,1
126,0
200,0
60,8
600,0
139,7
200,0
366,8
400,0
125,7
250,0
244.1
200,0
203,8
200.0
265,6
100,0
107,2
100.0
880,9
100,0
133,6
200,0
116,8
100,0
577,1
750,0
163,0
1,000,0
302,3
100.0
212,7
800,0
266,0
1,000,0
205,0
200,0

9
18,913,2

J'iy29 255,165,.-, 11448474 224,830,7 90,411,6 11997449 18,801,6 1,402.1 _'5,7
Aug 5 266.465,8 11461037 222,104,3 89,340,8 11971263 49,490,3 1.585,648,5
Aug] 2 255,465,5 L1898914 221,391,0 88,120,6 11866592 50,467,5 1,365,940,7

Deposit with

Boroughs of

Wash. Hgts
Century ...
Chelsea Ex.

Clearings.

latton.

r

Ply 22 255.465,6 11263607 220,190,6 89,109,0 11773982

Gold.

N. Y. CITY.
.«

posits,

KXPOKIS.

iBank
Notes.

De-

Legal*

Specie.

ciphers (00) in all cases.

Loans

BANKS.

Loans.

1

t

t

d

V.

1N.

•f

apttat

Surplus

all these figures.

>'.

$

9

$

(

HA.VK.-

Deposi h Hefi

$
19.429,0
25,132.0
14,087.0
21,857,0
26,715,7

summary

a

in all cases.

Specie.

[YOL. LXX1I.

$
613.9
876,6
666,7
3,926,0
6,401,0
2,439,9
743,7
4,897,0
4,649,6
3,006,7
3,224,8
3,458,5
2,821,4
4,014,0

8vs,3

102,5 1,640,0
98,0 1,104,0 10,815,0
183,0
85,0 2,584,0
150,4
213.6 2,072.5
899,9
33,3 6,632,1
87,7
1,234,7
154,5
201,7 3.054,2
781,9
86,8 3,700,0
149,1
663,7 2,885,0
101,8
11.8 1.179,1

$5,000
2,000

Total 1905
Total 1904
Total 1903
Silver.

3.001'

2,489
10.640
5,978

$7,000 $37,700,987
3,008,377
67,487.793
1,200
32,809,601

$19,371
8,550
10,842

$6,391,210
6,429,764
3,694,717

$1,264
18,540

$12,568
20
58,116
901,447

9,657

1,268

1,223.305
21.087

$571,038 $19,720,906
746,245
26,312,779
614.676
20,258,558

1121.072
3,324

$570,199 $18,356,864
538.335

West Indies..
Mexico

12,892
111,659

839

4,001-

South America.....
Total 1905
Total 1904
Total 1903

687,499

28,056

$2,216,541
607,578
1,051,018

Of the above imports for the week in 1905, $4,373 were
American gold coin and $706 American silver coin. Of the
9xports during the same time, $7,000 were American
gold coin and
were American silver coin.

-

Auction Sales.

Borough ol

$261

531,831
194,517
945,182
122.317

5,129,621
75,300
7,250,000

—See page preceding.

Brooklyn.

Borough ...
Broadway

.

Brooklyn

..

Mfrs.'Nat..
Mechanics'
Merchants'.

Nassau Nat
Nat. City

..

North Side.
17th

Ward

.

Wallabout .
Jersey City
First Nat...

Hudson

200,0
150,0
300,0
262,0
500,0
100,0
300,0
300,0
100,0
100,0
loo.o
300,0
100,0

106.2 1,914,9
362,2 2,678,1
169,5 1,674,7
607,8 3,669,6
636,9 10,042,2

806,2
598,4
183,8
199,8
98,4
184,2
102,6

1,854,3
5,097,0
3,389,0
1,356.8
1,778,8
720,9
3,229,0
925,7

400,0 1,118,7

4,483,9

77,5

32.8
16,9
115.3

113,3
188,1
57,6
118,3

169,0
344,8
392,9
717,7

105,0
55,0

744,4 1 ,269,2
120,0
146,6
620,0 1,180,0
308.0
424.0
89,0
46,5
122,6
280,3
56,6
67,8
210,0
287,0
38,0
28,5

120,9 2,140.8
122,5 2.897.7
49.0 1.996,6
325,9 4,659,8
257,4 12,147.7
76.3 2,097.4
5.707,0
243,0 3,954,0
310,4 1.628,6
130.0 2,109,0
155,4
852,7
633,0 4,086,0
140,0 1,013,1

160,5

299,1 1,329.9

713,0

5,390,5

310,3

2,377,0

9,3

896,6

25,0

1,870,2

383.1
70,0

2,774.8
1,388.8

304,4
317,1
12.8

233,0
151,0
26,6
75,6
10.8

Co.

National

.

Second Nat.
Third Nat..

250,0
250,0
200,0

663.4
122,4
3ol,4

2.228.0
954,6
1,463,3

82,3
63,8
48,0

71,7
18,3
69,4

4«3.4
118,6
484,0

110,0
125.0

546,3
169,2

2,638.8
1,393.2

157,2

18.3
68,9

192.4
60,8

Second Nat.

43,2

Tot. Augl2 117370 134490 1241573 5,632,2 0.945.7 141445 7.690.9 1376247
Tot. Aug 5 116370 134490 1239998 5,766.9 6.534.9 146857 8.515,7 1387967
Tot. J 'ly 29 116370 134490 1231898 5,655,9 7,225,3 147536 9.008,6 1392051

Co.,

Investment Bankers.

We

transact a general banking business sell and purchase investsecurities issue circulars describing short-term and long-term
high-grade bonds; execute commission orders upon the New York
Stock Exchange and in the financial markets ol the leading cities.
We also have special representatives in all of the principal cities.
;

ment

;

Branch Office, Albany, N.Y.

William and Pine Sts„ New York.

Moffat

Hoboken.
First Nat...

&

Spencer Trask

6

&

White,

Members New Vork Stock Exchange,
HANOVER BANK BUILDING,
NASSAU STREET,
jDealers in Investment Securities.

COMMISSION ORDERS EXECUTED FOR CASH ONLY

-

Aug. 19

1.

65

I

Chicago, 30c. per $1,000 dis.; St. Louis, 30c per
$1,000 dis.; San Francisco, 30c. per $1,000 prem.
Sales of State bonds at (ho
State and Railroad Bonds.
Board include $100,000 Virginia 6s def, tr. ree, at 15 to 15 f
The bond market has been more active on a better investment demand and the larger volume of business has
Japanese isbeen well distributed throughout the list.
sues have been in better favor, the transactions in them
having been on a large scale.
Union Pacific convertible 4s
accompanied the shares in an upward movement, showing
a gain of over 2 points.
United States Bonds. No sales of Government bonds
have been reported at the Board this week. The following
arc the daily closing quotations; for yearly range see third
paqe following.
dis.;

—

see page 649.

foT Dividend)

4

THE CHRONICLE.

1905.]

^Bankers' ©alette.
m

2

.

:i

WALL STRUET, FRIDAY, AUO. 18 1905.— 5 P. M.
The Money Market and Financial Situation. — Increasing
activity and a buoyant tone were the notable characteristics of the security markets this week up to the close of
To-day there was a general reacbusiness on Thursday.
during the early hours, claimed to be due to profitt ion
taking sales more than to any change in conditions affectIt is evident, however, that in many cases
ing values.
security prices are abnormally high, having discounted all
the favorable developments of which there is any likclih od,
and such a reaction as occurred is quite sure to follow
liberal offerings from auy couse.
The characteristics noted imply that the crop situation as
outlined in these columns from week to week for some time
Cast is more effective in Wall Street and that there has
en ground for hope that the peace conference will end in
a satisfactory agreement.
Weather reports from the wheat and corn belt continue
to be highly favorable, indicating that we shall have a large
surplus of both cereals for exports and the Government
report of international trade for the month of July, just
given out, suggests that the export movement of agricultural products, in anticipation of abundant harvests, has
It is as yet of course too early to form a
already begun.
reliable estimate of the cotton crop, but the prospects in the
more northern agricultural districts are such as to have
established a good deal of confidence in railway and financial
The large orders recently placed for steel rails and
circles.
other equipment show that the railroads are preparing for
heavy traffic and a prosperous year.
The money market is somewhat sensitive, but rates for
i

actual business have generally ruled low during the week.
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 134 to 234 p. c. To-day's rates on call were 2

Prime commercial paper quoted at4@434 p. c.
p. c.
endorsements and 434@434 p. c. for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £281,974 and the percentI

for

age of reserve to liabilities was 45' 84, against 46' 72 last
week, the discount rate remaining unchanged at 234 per
The Bank of France shows an increase of 5,325,000
cent.
francs in gold.
VF.W YORK CITT CLEARING-HOUSE BANKS.
i

L< ins

<fc

>>\ :

139,492,800
discounts 1.13P.8P 1.400 Dec
50.467.X0O Inc

6,272,300
977,200
•1.186.659.SX Dec 10,467,100
2zl.3!'1.0iiU Dec
713,300
88,120,600 Dec 1 ,220,200

Specie
.

t callers...

309,511.600 Deo
296,664,800 Dec

Be-serve held
25 p. c. ol deposits

1903

Aug 13

previous week

115,1172.700

ition
iteposits
'.

1904

from

1;

$

Cn UtOl
Surplus

Differences

m> i

Aug

Aug

15

$
115,972,700
134,323,400
1,096.491,400
38,293,500
1,207,182,500
276,854,900
82.659,700

8
110,422,700
129,661,200
908,345,600
43.930.300
903,335.300
170,630,900
76,766,500

359.514.600
301.783,125

247,397.400

1,933,500
2,616.775

226,»-33,825

12,846,800 Inc
683,275
57,731,475
Snrpl as reserve
21,563,575
f8,4>;3,600 United States deposits included, against $8,466,700 last
week and $23,374,200 the corresponding week of 1904. With these United
St'ttes deposits eliminated, the surplus reserve would be $14,962,700 on
August 12 and $14,280,200 on August 5.
.N'ote.— Returns ot separate banks appear on the preceding page.
•

— The

market was irregular, though
generally firm, early in the week, becoming stronger after
Wednesday, owing to a good demand and a scarcity of bills,
and closing steady.
To-day's (Friday's) nominal rates for sterling exchange
were 4 8534 for sixty day and 4 8734 for sight. To-day's
(Friday's) actual rates for sterling exchange were 4 S475&
4 8485 for long, 4 «665<&4 8675 for short and 4 87(5.4 8710
for cables.
Commercial on banks, 4 8450@4 8460, and
documents for payment, 4 83%@4 8490. Cotton for payment, 4 83%@4 83%; cotton for acceptance, 4 8450(a.
4 S460, and grain for payment, 4 *480@4 §490.
To-day's (Friday's) actual rates for Pans bankers' francs
were 5 isy6 a(d)5 1834 for long and 5 16%a®5 16%d for short.
Germany bankers' marks were 94%@94 13-16d for long and
Foreign Exchange.

95^@95

3-16'i for short. Amsterdam bankers' guilders
for short.

were

40 5-16«@40 5-16

Exchange at Paris on London to-day, 25 f. 1734c; week's
range, 25 f. 19c. high and 25 f. 1734c low.
The week's range for exchange rates were:

—

-Long.

Snort.

'lino Actual
4 84*5
4 8495
44 8475
(5
'.'ins Banners Francs.

High

Low

&

5 ls^a
5 18*2

Lot

LOW

18K

6

''"»

5 18)^1

U4M

6»»4

94 11 -10

0<,

Amsterdam bankers'

&
&

....

Less: a 1-16 ol
z 1-32 of

1

i

Cn

'rTrnany bankers' Marks.

Htni

Lo*

|

—

5

|

>\\

Q

5

or

8705
8695

.-

4

8711

i

87< 5

l8Kd

o 1'itf

95K

40Vi

on

-,

40 5-16
40 5-16

A 3-32 of 1%.

Plus

:

* 1-10

0l

i

The following were the

New York

4

4

«.-,

1-32 of 17..
-'/.'.

4

3

lGJ-i'i

l'Ju

<l

8680

4 8675

— .95
!

u-i

©
@

95','j

1.5-10di

rjutlders.

S675
8065

5 16«'"

I

—

4
4

-Cables

rate-

for

domestic exchange on

at the under-mentioned cities to-day: Savannah,
buying 50c. per $1,000 discount; selling 76c. per Si ,000 premium: Charleston, 12 J4c per $1,000 premium; N>
leans bank, 40c. per $1,000 dis.; commercial, 80c. per 51 ,000

—

Aug

Aug

14

75

-Tan '104
-Jan "104

*104
*104

•104
*104

•104 >e *104

-Feb

*io:i"' 4

Jnti rest

A itg

Period*

1030.
1030.

2s,
-s,

registered

Q

-

coupon Q

"s. L9 io, small.registerecl
2s, 1930, small
coupon
.

.

.

.

.

..

registeredlQ
1918.
1918.
oouponlQ3s, 1818. small.reglstered u.
ciiii pon Q
3s, 1918, small
Is, 1007.
registered y
4 s, 1907.
oonpon Q
Is, 1925.
registeredlQ -

-

.'is,

Sa.

-

-

Is, 10-.T).

This

*

-Ki-b
Peli
-Kill

Aug

1?
>

H'4'h '104

*104*a
104 3g

•ioaij

wX\

•103^

*le3'.| »io:5^

*103>

'

»103

»i©5"

*iti:i"

103"

>104

•ibs
"104
•104

•ibs"

•104
*104

04
•104
•132 Hi
* 1 32 Hi

104
104 Hi
132 Hi

-Jan •101
-Jim *104

*1(>4

103

•

1

03

1

-Fob 132 Hi »l"82»s * 132 h * 1323.1
coupon Q -Feb •132 Hi * 1 82 Hi •132 Hi •13-J3,
the price bid at the morning hoard; no sate was made.
-

is

Aug

'

4

Hi

•lV3\t

132 Hi

—

Railroad and Miscellaneous Stocks. The stock market
has broadened considerably during the week and the volume
of business has largely increased, the transactions on Thursday amounting to nearly 1,200,000 shares. The movement
of prices has been decidedly irregular, although in most cases
The exceptional features, both higher
it has been upward.
and lower, are issues that have recently been prominent.
Lackawanna lost 20 points of the advance noted last week,
Central of New Jersey 4 points, Illinois Central and Atlantic
Coast Line nearly 3 points.
On the other hand, Great Northern made a further gain of
20 points to 326. Missouri Pacific nearly 6 to 107 34, Reading
nearly 5 to 11334- and Union Pacific and Northern Pacific
Michigan Central
over 4 to 1373^ and 215, respectively.
sold at 154, an advance of 14 points within the week, and
the highest price recorded since, 1902, while such representative stocks as Pennsylvania, New York Central and Atchison
are less than a point higher than last week, and St. Paul,
Canadian Pacific and Louis. & Nash, fractionally lower.
The industrials have generally moved within a narrow
range.
Pullman is an exceptional feature, selling at 258 as
against 240 last week, and American Tobacco preferred advanced 534 points during the same period. All the iron and
steel issues and copper stocks have been active and strong
on trade conditions and Central Leather has recovered
somewhat from the depression noted in our last.
For daily volume of business see page 659.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.

stocks

Week Ending Aug 18

Sales
}or

Range for week

Range since Jan.

1

Week

-vmer District Teleg...
200 81 Augl6 31HiAngl7
a nier Woolen rights..
8,770 16o Augl2 82o Anglf>
Olere Lor A Wheel, pref
6 106 Hi Aug IS 105 Hi Auk s
Det 8outt> Tr reoelpts...
400
9HiAugl4 10 Angle.
Pref trust reoelpts....
300 41 Angle 41 Auglt
Ft
* Denv C, etmpd.. B00 73HiAuglB IS Angle
Haras a Kleo Ry
2,350 24 Aug
25HlAugl4
Preferred
1.W60 72 A tig 12 74 Aug
Keokuk <fa Des Mo
1,200 16 Hi Aug) 6 17H»Augl6

W

1

1

BB

Seourltles 111 Cent'i
stock trust certificates 1,250

Rutland
U 8 Leather

100
520

99 Aug 12 lOOHiAugie
64 Aug 17 04 Augl7
13HiAugl7 13HiAuglfj

—The

29 Marl 88 Jan
12HiOAng 820 Aug
105 Jan 110 Feb
8 J'ne HHiJ'ly
89 J'ly 43 J'ne
44 Jan 75 Aug
15 Apr 23H>Aug
60 J'ne 74 Aug
14 Apr 17 Hi Aug

Jan 100 Hi Aug
72 H, Jan

92
60

J'ly

11

Apr

'

I

HVJan

market has been inweek by the buoyancy on the
Stock Exchange. From a condition of moderate activity
business steadily increased until Thursday, when, with a
general upward movement, transactions were larger than for
several days past.
A feature of the week was the rise of
Outside

Market.

fluenced more or less

outside

this

Northern Securities to 190J^ the highest price on record,
the stock having gained steadily from 182% on Monday,
with transactions for the week of about 11,000 shares it
closes to-day at 1S9.
The "Stubs" moved between 237*4
and 28734, ending to-day at 275. The copper stocks, on
the extremely favorable reports regarding the copper trade,
were actively dealt in, British Columbia showing large sales
at an advance from 7>8 to ^34United Copper common
made the greatest gain with a rise of
points to 3734
easing off to 35 and ending the week at 363^.
Greene Consolidated Copper sold ex div. at 2434, tnen r o se to 2534 anti
ran off to-day to 2434.
Chicago Subway has fluctuated
widely on news from Chicago of an alleged ovcr-capitalization and faulty construction of tunnels; it advanced 10^73^,
sank to 82J4 and subsequently recovered to 8534- Interborough Rapid Transit advanced to 219%, weakening to
214, at which it closed. Bethlehem Steel common advanced
from 33 to 34%, with final sale to-day at 34%; the preferred lost a point to 90 later, advancing to 9134. Standard
oil gained two points to 624, dropped to 621 and sold
International
to-day at 615@618% ex dlV. of 6 per cent.
Nickel Common advanced from 17 to 20K; the preferred also gaining 33-, points to 59J^.
Otis Elevator common rose from r,<) to (i? .;. with last sale at 66.
Outside quotation: will be found on page
,

5%

1

,

New lork

Exchange— Stock

Stock

Record, Daily,

OCCUPYING TWO
STOCKS— HIGH EST AND LOW AST SALh tUJCES
Saturn ay
Aug 12

Monday
Aug 14

Tuesday

89 4 89%
1084 1034

894

89%

Aug

Wednesday

Aug

15

ltt

STOCKS

NEW YORK

Friday

Thursday
Aug 1?

It.-ith n:i

00",

90',

103 4 104
103 '< 104
168 168 4
167 4 161'
167 168
110',.
X
117
113 34 114%
1104
115%
z*)7
100 101 '100 102
97
69% 7o'>(
69 4 69 \
69 4 70 4
•88
•88
90
90
4914 91 4
"1584159
109 1614 159 J4 160 4
73i,
•70
73
74 a
73 4 78 h
'

218
(

41 34

814
•21% 214
•85 Hi 80 'v
»70
70 4
*33
33%
1844 185 4
*19i 193
*222%22.;
-240 250
'198 198
•195 205
•17

•38
•30
•101)

•119
27
•61

,

324

32
87

87 4

u-

75
*73
95

8

96
307 4

305

93

•91

•55 4
•82 4
•26 4
*58
•36
•94

•320
60

56 4
83
27

59
as
98
325
60
1

12734

128'.'

67 %
101 4 102
*150 L54
384 39 ',
6684

20% 214
153 154
53 34 64 4
*116 120
*83
84

208 2094
54 4 65'k
86
86%
94
94
209 2114
95
95
«104 110
•96
97
144 414 4%
-41
44

103 4104
119 120
28 4 28 4
62
624

460 470
34 7 8 34 4
89

8934

22 4

214

2-14

92% 92 4

92 4

92%

16%

10

35

35-

16,4 10\
35 4 364
'8

75

85

75 s

74%

•72

77
*9r)
100
308 4 314

•.9.2

4

2»%

564

73
*f0

314

95
94

17734 179

•82
27

47% 48%

4 ST.
85",
,.

4

29 4
.)S 4
83
27 4

584 584

83
2734
69
'35
*95

37

90
330

320

62

•61

1514
4

22 %

146

23 4
154
67
98

98
140 140%
166 4 166 4

314 33%

683s 70
102 1043,
150 152
39 34 3934
•20 4 214
154 4 155 4
54 '4
54
•116 120
83 '4 83^
203 208 4
55 4 55%
864 8H34
•92
95
211 21434
9434

104

110

"95

97

U434
•41

1453,,

44

38

•37"

38

84

84

'35
102

80
110
110

1073.J

*94
92
32

:'

4

95
93 4

4 32 4
77% 77%

79
80
•94
93 4
•32 J4

7734
47 4
55
25

'16 4 17 4

•534 574
•24
*78
68 \
•185
*23 4

614
65%

1

25 4

80
69
195
24 V
62 4
66 4

18% 118 34

354

35 4
9H% 9934
»99 4 100
35%
35

127 4 127 4
•34

4

3

13,

79

80

110
109% 110 4
106

784

954
93%
33%
79

184
563,

27
79

18

18

40%
94

9

40

94

•34
37
103 4 103 103
102
118% 120 "118 120 •118
284 28%
28 4 28%
28%
02 4 62 78
62 34 62%
62%

404

9%

Do

103%

Cleve.

Do

120

460 455
34 4 35
89
89 4

214 21%
92% 92 34
10% 16 4
35

36 4
48 34
85 4
75 4
75

47%
85%
75

75

•73

100
318

•90

100

314%

a 17

9)

93

•924 94
176% 179

29 4 29 1
57 4 5734
83
83
27
28
59 4 59 4
4
35
38
37
•97
98
98
32/
320 330
•58
64
62
1504 150 151
167 '4 167
167 4
83% 84
83%
129 4 129% 130%
23"
23 '4 24
153 •145 160
684 68
68
<

149%
167
83

128 4
23 4
140
68

83
28
60 4

98
98
140 4 141% 140 4 141%
'164
164
166 4
1664
334 34% 33 4 34
7 2 '4
70
714 72 4
103 7s 105 4 1034 105 4
•150 154
148
153
39 4 40
39% 39%
•214 22%
2L
21
1544 156 4 1^44 155%
•53 4 54 4 •53
54
•116 120
116 120
S4
•83
'82
84
4208% 2084 •204 210
66
65
564
54%
86
86 4
86
86%
90 4 95 90 95
2114 213 4 211 213
95 4 96
95 78 9 7
104 110 •104 110
•95
96
97
96
144% 145% 144% 145 4
38 43 -39 43
79 4

80

110
110
109 4 110 4
94 7 8 954
92% 93 4

33% 344
78 4

57
79

79 4

81

784

81
110

110

109 4 112%

95
93
33 34
79

95
93 4

27
78

28
80

34%

80 4

"ST."

79

69
70
70%
69% 703,
185 195
•185
•185
195
24 4 24*,
25
24% 25
62
62 4
62 34
62 4 62 4
66% 61% 66% 67 4 66 4
118 4 118%
1184
354 30 4 35 4 36 4 35 4
99% 100
99 34 100
99%
*98
100 4 1004
36"" 36%
35 4 36 4
35 4
128 4 128 4 127 41283„ 12-4
343, 3434
34 4 34 5„ *34

pref
Chic.
pref

&

71%
195

25%

63%
1

67«t
1 9 4

35%
99
100
36 4
129
'4

3434

450

450

445

34% 35 4
89% 90

453

&

elaw. Lack.

20

ASIC

UiMlikM

.NKW YORK
Aetna
America \ ..

182 4
620 530
Anier Kxcb.. 270 278
Awtor ..
82 5
775
Battei-y Park 150
16.1
JJoweryV ... 325
Butcb'8* D
165
55
Ceuturyl,...
95
210
Chase
650
Chatham ... :20 330
.

Jita

Ask

4300 4350

Chemical

Citizens' Ctrl *162 4
City
,-Z6i

Coal * Iron. 230
Colonial " ... 575
;

111 bia',1 ..
400
Commerce... 20 4

(Join

.

22
94 h

1

Consolidated
C'ru Exch^e*
DisCount'i ...
East River..
Fidelity^

5,601

944

6

225

17 230

!

'.

5 4 J'nt- 14% Not
94 Aug 28 4 Not
214-Mav 41% Not
55% May 77 Dec
33 Ma> 58 4 Deo

(

.

Bid
340
750

15anits
Filth
i''ir.si

160
205
400
500
Ami 155
Ex1, 400

ASK

Gallatin
Garfield

230

Irving

jetfersonH... 17

.sireeiH.

Fourth

Bin
Jianiis
InterboroTl.. 145

215
125

',i

7

A m.
155

J'ly

11

J'Uc

60

Mai

lianlv-i

.

170
170
4"0

195

New Amsier
New Voi'K Oo
2724 X V Nat Ex.
New York...
i'j:>
.I

1

475
13O0
200
300
19th Wardli. 350
North Amer. 230
Northern
150
Oriental
260
PaciricH
250
II

otJ,uo j.t.i^i.

paid

210
300

.

Nassallli

170H

180
268
175

Bid

..

Alt .Morris

.Mm mo'
j

Aug 86 4 Nov
20% Not
Deo

94

77 Mai 95 Deo
12534 Feb 159 Deo
14 J'ne 33
Nov
32 Feb 59% Not
64 hi J'ne 834 Nov

I64 Feb
Feb

31

26
85
J245
46

31% Not
56 a4 Nov

Mar 43 4 Deo

Oct
Nov J300 Dec
Ma) 62 4 Nov
Feb 14834 Dec
101
13934 Mat 169 4 Not
724 Mai 96 4 Aug
104 34 Mat 13o38 Oct
5
{Hi)

40
80
55
116

J'nt 105

Apr 23% Not
4 Feb 150 Not
J'ur 67 J4 Jan

96 4 Sep
Jan 95 Oct
Ma\ 150 Oct
14% Feb 36% Nov
32 4 J'nt 65 4 Dec
87

J'ly

Feb 1114 Deo

4 Feb 147% Dec
Fed 45 4 Nov
15% Feb 25 4 Nov
112% Mai 145 4 Deo
101

3434

25 Ma) 47
1014 Ma) 115
60

Deo

Nov
Dec

78
4135 4 Ma) 199
J'ne

Oct

19% Mai 47% Oct
4 Mai 80 4 Deo
88 Mav 95 Dec
53
51

Feb

82

4 Deo

95

J'ly 101

Sep

614 Jau b6%Dec
11 14 Mai 140
Dec
'i

17 Mai
74 4 J'ne
68 M a>
55 A^t

32 4 Dec
SIS, Jan
7 9 4 N ot

80 Dec
Apr 107 Deo
38% Mai 82% Deo
76 Mai 92 Dec
554 Feb 85 Dec
19 4 Mai 3734 Nov
57 a4 Jan 86% Xov
90

9

Mai

18

Ma\ 60
Jan 30
Mai 7934
?61
394 Jan 72 4
150 Jan 185
35
16

94 J'ni-

Nov
Not
Not
Dec
Dec
Deo
Dec
Dee

29
60 34
68 34 Not
113 Sep 119 4 Dec
184 Feb 37 4 Dec
774Jau 97 4 Deo
90 Feb ~A-6 Dec
20 4.1 u«- 38 4 Nov
115 Mai 134 Oct
174J'1H' 27 4 Oct
25 % J 'ut
41 4 Mai

Oi A J?lONS

Metropoli'nH 170

238

.

.

r

4>u

4 185

510
Liberty
1500
Lincoln
325
ManhattanMarket* Fui 262 4
J 85
Mechanics'
Mech * Tra" 1,0
Mercantile .. 260
'

.

67 Dec
Feb 83 Mot
Mai 242 4 Dec

54
72
170
70

.

207
German
165
152 4 157 4 German
365 375
Qorra.iiiial] .. 450
150
160
liri-lMI wicu
240 250
150
160
Hamilton^ .. 190
Meruli Excli.
190
Hanover.!... 495
Merchants'..
Cln-lsi'a li\c
170
Fifth A veil.. 3500 3750 Imp * Trail. 590
Metropolis
" rud au.t ,i-ii>.t-ti arioes; no sales were iua<le ou mis aa.)*.
i i^ess Miaai uj s.iai
1 Sale at Stock Exchange or at auction this week,
s Trust Co. certificates.
/i Assessment
1

400
1.900

Jan
Jan

409
Des Moines * Ft. Dodge.
22
6,130
Detroit United
95
3,200
11% May 2 3 174 Jan 21
Dulnth
164 \<oh
So. Shore & Atl..
16
16
lo, lot) 21
May 2 2 37 Jan 21
34 4 36
Do pref
34% 353
165,750 37 4 May22 49 4 Augl /
4S'4 49 4
49
4 84
Ij^rie
3
32,700
74%May22 8o4Augl5
383 4 84
83 4 844 -> Do 1st pref
16,335 55 4 Jan 3 75 4 Aug 7
Do 2d pref
75 4 75 4
7434 754
•75
1,713 63 J'ly 6 75 Aug
Evansv. * Terre Haute.
73
75
72
300 90 Feb 28 9 b Aug 12
90 100
Do pref
100
PO
30,100 236 Jan 4 335 Apr 17
315 4326
320 325 Great Northern, pref
83 Feb 16 00 Jan 13
Green Bay* W., deb. ctf.A
12 17 May2i 244 j'nelH
23
Do
23
deb. ctf. B
22 4
22
86% Jan lb 99 Marll
*91
93
'91
95
Hocking Valley.
"
'206 90 Jan 18 964 Mar 13
•93
Do nref...
94
93 4
93
11,689 152 34 Jan 25 180% AuglO
178 1794 177 177% Lllinois Central..
2,400 24 Muy24 32 Feb 3
29% 29 4 28% 28% owa Central...
4,400 50 May 10 58 34 Feb 3
67
57% 50
Do pref
56 34
3
314 81%J'neL9 84 4 Marl 6
83% 83 4 •83 4 84 4 KC.Ft.S.*M.,tr. cts. pfd
4.900 22 4May22 34 Feb 14
ansas City Southern..
27% 28
274 274
6,700 52 Jan 3 70 Feb 14
Do pief
59 4 60 4
594 59 4
300 284.l'nel6 414Marl4
•35
37
•35
38
Lake Erie & Western.
*!>0
80 91 J'uel;. 10b Marl3
98
Do pref
*96
98
320 330
L.
Shore
Mich.
J290 Jan 20 $350 Marl3
325
*
South'n
315
1,500 50 4 May 22 70 Augl8
614 03
70 Long Island
66
151
151% 149 4151 Louisville* Nashville... 53,270 C1344 Jan 25 156 4 Apr26
OUO 161 May 1 175 Feb 9
167% 167% 106% 167 Manhattan Elevated...
15,200 73 Jan 9 91 Marl7
etrop. Secur., sub. rec
83 4 83"
82% 83 4
74,100 114 Mayll 131 J'ly
1294130
128% 129% Metropolitan street
47,120 18 4May22 26 Marl3
24 4 24%
2334 24 4 Mexican Central
200 *130 J'nel4 4150 Feb 15
145 165
120 150 Michigan Central
1,600 56 4 Jan 12 70 Aug 4
"65
70
70 Minneapolis * St. Louis.
70
400 86 Jan 19 98 Aug
98 105 *98 110
Do pref
3,10
89 4 Jan 1 143 4Augl7
142 143 4 141 142 Minn. S. P. * S. S. Mane.
2,02,
148 Jan 13 169 4 Mar29
Do pref
165% 166 4 165% 166 4
77,750
May22 34% Augl5
24
Mo.
33
33%
Kansas
&
Texas
32 4 33 4
34,it'0 56 4 May23 72 4 Augl5
714 704 71
Do pref
70
135,ylo 94 4 May
10.14 1»74 106 4107% Missouri Pacific
110%Marl3
137 Jan 12 158 Apr26
150 155
150 155
Nash. Cliatt. * St. L0111.i',320 33% May s 45
at.of Mex, uou-cuni.pl
39% 39»f. •39
Jan 16
40
l.oi'O 17 J4 J'lieiO 244 JanlO
Do 26 .prof
214 214 214
21
1363
155 4 136*1 154% 150 4 N. Y. Central * Hudson.. lL2,b0u
4 May22 167% Mail4
1,600 42 Jaii.O 55 4 Apr
N. Y. Chic. * St. Louis...
534 53-i
53
53
113 Marl3 122 4 Jan 30
116 120
Do 1st pref
116 120
100 74 May 4 85 Apr 7
8i 84
Do 2d pref
•80
84
483 ^194 May22 211 Augll
208 209
205 2084 N. Y. N. Haven * Hani.
4038 .j au 5 64 Mar30
57,960
3
5534 56",
Ontario
& Western
54 4 56 N. Y.
25,l0u 76 .'.laylo 884Marll
86 4 80'.
8534 86*4 Norfolk * Western
loo 91 4 Feb 21 96
*9.4
95
Do adjustment pref.
Augll
•90
95
30,21'. 165
Apr 24 215 Augl 7
213 215
Northern Pacific
2 12% 2 15
3,2ilJan
784
Coast
17
98
97
Co
97% 97% 9 7 4 Ijacitic
4 Feb 7
100 Jan 3 108 Feb 6
104 110
Do lstpref
104 110
7oot 85
Jan 12 984Augl7
97 4 98 4 •98 4100
Do 2d pref
337,810 1314 May 2 147 J4 Mar 13
1454145 4 14541464 Pennsylvania
27 Jan 25 48 J4 Apr 3
•40
44
•40
44 Peoria* Eastern
77 Jan B 106 Febl4
Pore Marquette
1,10/j
78 4 J'ly 12 87 4 Feb 6
Do pref
81
81
80.,
70 May23 8734 Mar 13
80 81
P1U9I). Cin. Chic. * St. L.
82
81
30i. 105
Febl7 112 Marl 3
106 112
Do pref
106 112
529,050 c79 Jan 13 H34Auglb
1124 113% 111% 1134 Reading
2,lu0 90 May 2 2 95 4 Aug 15
lstpref
94 4 96
95
95
4.30,
84 Jan 5 96 J'ly lo
9334 95
2d pref
9»34 9J34
144,600
24% .\lay22 37%Ja_u 18
Island
Company
Rock
34% 35 4 3334 3434
21,35,0 714May22 85
7934 80 4
Do pref
Jan 4
79
804
1,500 12 J'ne 2 184 Augl4
Cft. Joseph *Gr'd Island.
1.5iO
46
May24
1 Do lstpref
4
5S% Jau21
2, SOU 20
J'ne ( 234 Feb 3
Do 2d pref
1,000 73 V May 2
81 4 Mar 6
78
79%
80 St. L. &S. Fr., 1st pref
78
I6,70u 61 May 2 6 73 4 Mar 6
x70% 704 6s% 70 4
Do 2d pref
176
J
3o
an
194 41'uel2
185 195
185 195
C.& E.I. com stock tr ctf;
7,365 20
.May 2 2 274 Jan 20
26
26 4
26 4 St. Louis Southwestern..
26
9,681 55 4 May 1 66% Apr J 8
63% 64 4 63
Do pref
63%
149,850 5 7 '4 May 4 72%l' l-l)2 7
68
68 4
66 34 68 4 Southern Pacific Co
2,8oO il54 Jan 6 1214 Feb 15
119 4 119 4 119' 4 1194
Do pref
35 4 36
35
a5% Southeruv.tr. cfs. stmpeu 45,700 28 May 19- 36 34 Maria
l.ooo 95 Apr 2 100 Mar22
do
99% 99%
Do pref.
9934 99%
100 97 Apr lb 100 4 Aug 14
•99 100
98 100
M. * O. stock tr. ctf s
26,000
29 % Apr 29 41 Marl 3
36% 37
36
36 4 I^exas * Pacific
2, SI 10 1-4
Apr 2!' 134% Keol
12841284 127% 127*4
lord Avenue (N. Y.)...
1.200 22 4 -Ian 13 37 '4 Apt 12
34 4 34 4
34% 34 34 'nledo Railways* Lisiht
•20
3
92
•2°4

1-liii

240

Jan

7 34

100

West'n.

M«| 160 Not
j au 31 135
Deo
j an 31 2163 Api 192
20 J' ne 2
6 4 Aug 164 Not
42 4 J'ly
174Jan
114 A 1.. 27% Not
6
J'ne
13 's Feb 2
4 J'ly 1 5 4 Not
30% J'ly22 54 Feb 3 29 Mas 48 4 Not
90 Jan 14 HI Mar21
68 4 Ma\ 93% Deo
115 4 J'ly26 121% Marll 100 Fel/ 115 Not
22 4 Jan 2( 30 8 Apr 2«
134J'^ 24% Not
62 May 2 3 644 Feb 10 48 J'nc 63
Dec
32 4May23 414 Aug! V
17% J '11. 37 4 Not
178 4.May'. 224 Augl' 149 Mai 190 4 Deo
335 Jan
470 Aug 11 250 4 Feb j5934 Deo
274May23 364Mail4 18 Ma, 35% Not
83 4 May 1 01 Marl6 64 4 Feb 89
Deo
18 May 2 2 284Marl7 194 Jan 27 Dec
2"
3
05 j' ne 22 60 4 J'ne 79 4 Deo
76 4 Jan

700 150
195

4,350
2,400
8,820
10,050
1,400
8,600
11,73

35% 35 4 Denver* Rio Grande
Do pref
894 89 4

"

1

L.

St.

nAiNKS AiNU TKUhT COMPANIES- BKOKkii V
Hia

91%Mayl3 83 No\ 89 Aug
Jan 25 161 4 Augl4 109 4 Mai 13534 Oct
4 Jan 11 74 a4 Aug 14 64 Api 72 Not
Muy23 220 AuglO 154 4 Feb 19434 XoT
03,400 45 4May22 60 4 Mar 21
28 4 Mai 51 Not
400 31 May 2. 44 4j MarlS 33 Jau 47 4 Not
-5 4 Jan
SOU 774J'ue26 s3%Apr 7 75 Jan
83,500 17 4M.iy22 25 4 MarlO 12% J in 26 4 Not
500 8334 May2V 884Marl5 804 J'lv :i0 Not
4,100 60 J'ne 9 72 AnglH 47 4J'ni 74% Not
9,000 29 May 2 3 374Aprl7 20 J 'in 39 4 Not
112,025 1684 May 4 187 4Aprl7 137 4 Feb 177% Deo
225 182 4 Jan 13 i92 4Aprl7 173 Mai 1-5% Oct
10,800 al9<%.J'ne 9 ^49 ja„31 161 4 Mai 2 14 4 Dec
400 231 Jan 13 265 4 Feb 1 207 Feb 237 Not

pref

Cm.

Augl7 87% Jan 104 4 Not
170 Apr 24 104 4 I'eb 155 4 Not
117 Augl4 72% Mar 105 4 Deo
100 Aug 10 87% Keb 96 4 Oct
734JTy 3 38 Feb 70 4 Not
105

1,600 67
.700 190

Chicago Union Traction.

Do

S94Not

Feb

64

9

Highest

60,5611 130-4

Chicago Tenn'l Transfer.

36

Year (1904)
Lowest

77%May22 93% Mar

99 Jan 25
11,200 120 Jan 25
73,050 100 4 Jan 25
Mar H
ISO 91
54,120 50%May23
43 87 4 Jan 4

,fe

1

70
70%
*88
*86 4 fit>->4 Buffalo * 8u8f|iio, pref...
91
159416ii3„ 1594159% / unadian Pacific
•714 73 * 'anacla Southern
•714 73
214 4 214 4 214 214 Central of New Jersey...
56*4 57
Chesapeake * Ohio
57% 68%
40 4134 40 40 Chicago* Alton

,

67% 57%

37

824 83%
127% 129

85':
751.

-91
95
*92 4 94
177 4 1783,
29
29%

$96
320
62
160

167'4 167

18

1004
80
110

113

{98

W

liange lor frevioui

Highest

Lowest

7,551

RK..

1134 Halt morn Ohio
!)8
Do pref.
68% 70% Brooklyn Rap id Transit..
3

1134 1144
*(»5

104,600

284 Colorado* Southern
02%
Do 1st preferred
404 4n% 404 41
Do 2d preferred
40% 414 40% 40%
213 4 21 6 4 213 2154 214 215
210 2144 Delaware* Hudson

*2l

67

139 4 139
166 4 1664
30 4 314

8'e
37

4 89 4

22% 22 78
146

40 4

87

'4

1494 15U3j
166% 66%
82 4
•135

•35

37

40
40
217 4 21 9
470 470
35
33

•91

•924 94
17*% 1793.,
•28 4 294

'38

8%

it

284 284
4 02 4

><.

35 <V
Ao
85
75'V
76

84%

40>,

•61

•924 93
16% 1 6%
35
48

Atlantic Coast Line

,

18

18

102 4104 4
•119 120

2S
62
39% 4"
£13 2..'-.
46!)
409

165 4 167

167 "4 169

1

"38 4
84
•35

9
39
102
120

dx

,

.

40

•8%

•39
•78

18

"a

113"8 lli
"95
99
70
70%
•88
91

Shares

89% 90 7L Atch. Topeka&Santa Fe
10341044
Do pref

004 91 '4
1044 105

Range lor Year 1VU5
On basis 0/ 100-share tots

Week

IS
2184 210
57
56 4 68
504 574 50
•40
41
41
414 41
81>.
814 814 78
81
Do pref
814
814 814 814
22
21% 22% 21% 22 4 22 4 224 22
22% Chicago Great Western..
84 87
85
•854 87
80
85
87
Do 4 p. 0. debentures
85
87
71 7
714 72
71
71
70% 714 71
71%
714
Do 5 p. c. pref. "A"..
34 7
34
33% 34% 34
34 s
Do 4 p. c. pref. "B"..
34% 34% 34 4 35 4
184*8 180
1844185
184% 1864 185% 186 4 184% 187 Chicago Milw. & St. Paul.
*191
191
190
1914
92
191
191
191
19141914
Do pref
4
2234 2243, 223 4 224 4 223 2244 22234 224 4 220% 224 Chicago * North Western
245 250
248 248
249 249
248 218
248 248
Do pref
195 199
194
199
195 196 Chic St. P. Minn. & Om.
193 198
195 198
"195 205
195 200
'198 202
200
196
200
195
Do pref
•2

*564 60 B
*89
*78

90 34

1694100
71% 71%
2164 216% 218

,

210

89 %

103% 104 4
1674169

Sates 01
the

STOCK

EXCHANGE

Aug 18

Weekly and Yearly

HA<JK«*

.*

Ask

Ask

500
290

People'sl]

Phenix
205
510

,

Plaza'
Prod Exchli
Riverside"

190

195

550

580

175

185

250 280
650 700
Seaboard
Second
700
Shoe * Letli, 150 i.60"
State'!
1200
34th Street.. 200
225
12 th WariH
23d Ward'
150
.

315

,

240

,

275
265

Ex dividend an

n Sold at private

Bia

Hanks
Park

175

.

1

riiruLs.

sale at this price.

New stock.

4

Aug.

EAug

Slut

384

57

57 4

1184 Ur^
•08
72*j

iatHv

09
7a

82 4
|

40

«10V
•40

-j

•M

264
66

l!l

•J

564

l

38 s
-.40

6*4

ft«4

7

7

394 39 4
2> 4

•9SV
1294

:

121

•

Si

*168
*103
•39
144

.

5
J4
Vl»".

1-1''.

18a
106
10
40

9

U'2'%
ll6Xjl.fl

'

*
•

lvul

154
59
4 o..

104 4 104 V
«45 34 45*4
90
133* V8»(
190 190 4
9

9

•404 42 4

424

•80
•110
94
184

1

214

21

80
•57
•28
•82
33

y.o

86

334

•1134
11

SO

474
•103
•153
102

Si

102V

101
213,

8634 87
85
35

•104

9o4
•1

J

3

*

89 4 90
•42
44

7 Si

39«h

v

28*4

60

39 4
105

185
14
•55

414

Si

loo 4
46
•75
14 4
186

10V

104

46

•80
110

47
43
*79

82
114

110

21*4 22 '4
80 4 80 4

80

93',

1704
195

y5*4
257 t

144
•53
46
•95
255

37*e

1004 1004
•34 4 35
105
904 91

14

13s

188

104

H

47S.

48*4

61

43\

43

43V

83

82
114

"110

3

*

83
114

9434 944
1834 1^0

22 4 22 4

80 4 80 Si
72
30
86

70

•26
•83

324 324

56
i

,

14

43*4

102 4
154
LOO 4
44 4
106 4

14
11V

156*4

101

454
1054

53

46V

96
255

214
874

47 4
106

144 144

'»

54

21*8

90

»B2

464

54
47

95*4

88V

264 >4 254*,
36 4 36*4
100 100 4
214 22 4
86 4 89

344 344
914

105
92
125

**4

1

105

106

14
90*4

90V 914

44

43

HV

44
11

11

31

30*4

924 93V
123 126
93

92

334 35V

71
63 34
•109
36V 36 4

734
54 4

114
37 4

107

«42
240

42
250

38
•240

93»8

170
180

40
250

38
250

42
260

934 984 934 91V
1714 171 1714

11334

170
196

171

180

-180

195

Lake

Do

2<1

Brie.

prof

Do

to

,051.
tV-

HUcell

98
240

Do prrt
.VmHljiamatoiH'oppi'r.

2

*7

7

&

Koumii

Do
4 Auier

Ig

1

£8.400
1,000

Oil

Do

pref

Do

ll.

90

ell 2

Aug 11
Aug 7

Miiv.K

Mar 1 19*4 Mai 13
May 4 •IS Fell
May 4 2-4 Marl
Apr 29 30 4 Aug is
Jan 13 68 V Aug
May

7

Jan 25
Jan 21
Feb 3

97

246
11

"i

1,500

65

pref

37

4

Man 7

Do

185

195

1st pref

71

Deo

c

..I..

72*4

Jan

24 V Deo
s7
Deo
3.,

A

2

V J an
'

B

4 Deo
Dec
Deo

04*4
37 4

1"
I
J 11.
J'll

6

n7

'19
14

Jan

NoT
Nov
364 Nov
05 Nov
20 V
42 4

Deo
Deo

9

4-l'i"

29

J'ne

46

Feo 82 4
Jau 15
Jan 170
Jan 9!»V

110

85

34
26

1

'

Nov
Nov

Deo
114 Deo
48*4 Deo

1.

16

Deo
Oct

Nov

Nov
154 Deo
57 4 Deo
153 Nov
141
Nov
1194 Nov
96 Deo

"•

J'ly

122 4 Mai
123 Jan
Feb
121
85 V Nov

Jan 25 Nov
Jan 94*4 Deo
Feb 120 4 Nov
Mai 2 29 4 Oct

10
60
61

185

12V Deo

J'ly

62*4

Deo

58 V
95
19 4
220
26 4
82 4
40 4

Nov

82 Nov -3V
43 4No^ 68
71 Nov 90
cl51
J'ne 191 4
10 4 Maj '25 V
64 4 Feb 794
26 Mai 72 4

Nov
Deo
Nov
Nov
Deo

,

25
63

Si

Feb
Mai
Api
J'Ue

8
185

Feb

9*4 il»)

Mai
194J'ue

66

Dec
Deo
Oct

Nov
Nov
Dec

Deo
Dec

Sep 41V Nov
714 Feo 87 Nov
8 Sep 12 4 Oct
484 Jan ti6 Oct
36 Jan 59 4 Nov
1004 Jan 1 7 Nov
14 Sep 2 3 4 Nov
75 J'ly ?87 Deo
14 4 Feb 26 4 Oct
80 4 Jan 98 4 Deo
28

1

Nov
Nov

Feb 164

120
80
24

Mai

92*4

1

07

Feb 56 Nov
Mai 1124 Deo

24 4 Ma) 444
67 May 92
209 Mai 214
35
16
71 '4 Mai 94
6 Ma) 18 4
37 .Max 73 4

oct

Deo

Nov
Nov

Mm

14*4
74*4

Apt
Jan

29

Deo

Nov
Nov

4 Deo

Dec

:is

314J an

05V Nov
Deo

Jau 105

77
*4

Mai

4 Nov
4 Nov
134 Nov

77

Ma)

3'.)

25
34

Nov

5

SIVMa)
Aug

45

Feb

6

4 -Ma)

754 Nov
20 4 Deo

Mai
Feb

U28 Nov

40
100
43

sl-V

Deo

J'ly

84 4 Nov

36 4 Nov

40 4 Defl

10 4 Feb 34
41 Jau 100

8V M aj

4

.May
22*4 J'ne

41

4 Deo

Nov
Nov
Aug

97 V Apt 116
18

I'lAJ

Dee

33 4 li.-o
95 V Deo

614

4 sep

II

}200 J'ne 250

85
153
April 180

Keb23 197

190

Oct

S2'4

.34
l.i

88*4

-1

Nov
Nov
Nov

Nov

•2

I

Jan

M4 Nov

22 4-l'n.
16 V Jau
75 4 lai

II

1

Jin

25
49-4

"7" JVli.

1

1

',

30 4 Mai

11

M*4 J'ly 12 20*4 Augl
15 4 Jan 17 22*4 A pi 17
36 Jan 19 48 4 Apr
100',875 33
Jan 25 61 '4 Apr 13
6,o2o 103 34 Jan 6 122V Apr
500
44 Aug 16 8*4 Jan 14
800 20 J'ne 9 28 4xMar 7

1

2

32

..I

101

1

II

i\

Deo

J 'in

14,..
67
Jan

6
3

I

l-l-li
I

69

I

25 Nov
48 4 Nov
22 V Nov

Ma\
J

Xov
Nov
no
Deo

Ma

1;

1

99 Amer Smelters See pref B
702 974 J'uel2 99 Aug 1
129 S Amur. Smelt'g & Ketlu'j;. 108,501 79*4 Jan 9 13U 34 Aug 16
122
3,400 1114 Jan 13 127 Apr
Do pref
200 American Snuit
110 163 May31 183 Jau 2
47n 09 Jan 7 106 4 Aug 6
106
Do prer
93, Amerioan Steel Foumlr's.
934
860
64 J'ly 27 18VMar20
•39
40
67 4 Apr 4
35 4 .I'm1 ,355
Do pref
144 144 4 American Sugar Uetiimi^ 28,o0o
May 2 2 L49V Mar 2
•138 141
10
!3
May
si
141
40
Augl
Do pref
143 143 Amer. Teleph. <fe Tele*!...
200 364 May24 148 4 Jau 6
102 V 103% Amer. Tobac. (new), pref. 38,745 914 Jan 25 104 Augl
3734 38V American Woolen
30,!'25 20 V Jan 20 404 Aprl8
105 105
3,100 93 Jan 6 108 4 Man 5
Do pref
IIO34 1174 Anaconda Copper
9,300 .00 4 May22 130 Apr 13
180 191
184 4 May22 -C215 Feb 14
Brooklyn Union Oas
"600 104 Jan 13 10*4 Apr 18
144 14-8
runsw. Dock&C.Imp'i
•55
69
56 J'ly lb 604 Jan Is
Buttenck Co
43 4 44
8,86*0 414 J'ly 27 47
J'ly 1
/ 'entral Leather
lo5 105 '< v / Do prel
5.750 103 4 J'ly 2i 105*4 Augl5
46 4 47*4 Colorado Fuel A- Iron
31.420 38 May 2 2 59 Mar24
85
85
300 80 Aug IV 105 Mar24
Do pref
15
154 Col. & Hock. Coal & Iron.
2,900 11*4 May 2 4 184 Jau 30
187 1884 Consolidated Gas (N. Y.).
4,3oi) 184 4 Mayl5 214
Mar 3
8*4 J'ne 8 22*4 Feb 7
11
114 Corn Products
9,569
40
50
60
Aug
9
79
Jau
10
5.200
Do pref
43V 43V Distillers Securit's Corp. 4,400 •C344 Jan 25 47 4.Apr 6
76 May23 89 4 Feb 27
r.lectrlc Storage Battery.
10
110 110 Federal Mining & Smelt'g
300 60 Jan 11 128 Apr 7
94*4
Do pref
3.750 75 Jan 5 M)7 4 Apr 7
94V
183 184 General Electric
6,400 169 May2o 192 Marl6
214 22 4 International Paper
23,125 184 J 'lie 10 25 4 Marl 1
80 4 80 "v
Do pref
740 76 sj Feb 6 824 Apr 6
72 International Power
72
400 60 J'ne 3 100 Feb23
•26
27 J'ly 14 404Feb27
30
Internat'l Steam Pump..
•83
86
78 4 May 2 2 88 V Apr 14
Do pref
32 4 324 Knickerbocker Ice( Chic;
4,250 10 Jan 16 34V J'ly 20
60 J an V 76 Apr 6
Do pref
55 4 55 4 National Biscuit
11,100 52 Aug 16 66V Apr 3
•111 114
Do pref
75o rill Aug 1 120*4 Maris
144 154 Xat Enameling&Stamp'g
9,750 11 Aug 12 3 1 4 A pr 5
*82 4 85 4
Do pref
800 80 Aug 12 94 Apr 19
43 4 44*4 National Lead
59,250 24 4 Jan 24 5 *4 Apr 7
?103 103
Do pref
150 97 V Jan 7 1114 Feb 20
153 4 153*4 New York Air Brake
2,500 140 May 22 161V Apr 15
100 4 101
Xorth American Co., new
4,900 074 May 2 2 107 Apri7
45
45 4 |>acittc Mail
7,500 33 Ma) j. 494 Jau 4
104 4 105 4 I eop. Gas-L.<fc C. (Chic.) 11,300 97 4 May 16 115 4 Apr 3
•14
15
Pittsburgh Coal Co
.May 15
50..
12 4 -ilyli' 21
52 4 53
Do pref
76!" 45' B J'ly 20 804 May 16
4034 4 1*4 Pressed Steel Car
19,810 33 4 Jan 31 47*4 AuglS
96*4 ;i7-v
Do prel
87*4 Mar t. 99 4 Apr 14
3,4 1
250 250 Pullman Company
4,435 :3o ^1 ay3 25 S Aug 14
36 4 37
I > ail way Steel Spring...
6,600 30 May22 4oV Apr 17
IS '1 Apr 16
100 100 4 IV Do prel
100 93 .Ian 2.".
21V 22 4 Republic Iron & Sl'eel ... 16,3. .0 15 Jan 23 2 4 4 Apr 3
lo
S7*4 884
Do pref
89
Aug 17
15,000 67 Jan
•34*4 35 4 Rubber Goods Mfg
.Mail-1 38
May 15
1,000 24
-104 Si 106
Do pref
Jan 25 o:i' 8 Apr 1
2o() 94
92
92 4 ^loss ShelBeia St. & i ro n
2,500 HO Jan 25 118 4 Feb 24
Do pref
100 Jan 13 130 Feb23
• 1
1 4 standard Rope <fc Twine..
3
Jan 2b
Jau 3
i',3oT
91 '4 1'enn. Coal, Iron & Ru... 47,850 68 Jan 2.". 106 4 Apr 4
90
44 4 Texas Pacific Land Trusi
44
200 37 s Jan 31 40 4Mar28
114 114 Union Bag & Paper
5,160
8 V J'ne 6 15 4 Apr 3
79 4 794
Do pref
Ian 10 82 Apr 4
3,681 68
30V ol U. S. Cast 1. Pipe <fc" ffoun! 7.60i. 10 4 Jan o 354 Apr 14
Do prel
92 4 93 4
25,100 79 '4 Jan 3 97»4 Apr 17
•123 126
United States Express..!
9 131
Fob a
i 1 20 Jau
*o9 4 90 4 U S Realty & Improve'nt
1,100 77 Jan 4 9 8 4.Mario
344 344 U 8 Reduction & Betin'g 2,400 18 Feb2- 40 4 Apr 18
714 72
Do pref
3.HO0 35 Jau 13 7.; 4 Augl7
5234 51
United States Rubber
15,17:. 33*4 Jan 3 55
Aug 15
110*4 111
Do pref
1,700 9V<„ Jau 6 118 4 Apr 7
36 4 37 4 United states Steel
287,600 244 Mi.y2. 38 4 Apr 7
Do prei
104 1054
197,050 9034 May 22 l05VAugl7
34
344 Virginia-Carolina Chera..
4,05ii 31V May 2 2 39
Jau 3
• 106
1064
Do pref
Feb 2o
1,425 1034 May 1 110
•88
Vlrginui Iron Coal & C.
Ho 36 J'ne 5 52 4 Feb 24
•240
\\/ells, Fargo & Co
85 235 Jan 3 200 Feb 21
844 94 4 '» est'u Union Tele'gph 3,183 92 Jan 17 95 4 J'ne 19
171 1714 Wesfgh'se E <fc M f g asseu
2,600 152 May20 184 Apr 6

\

Dot

04
26

7

1

,220 Fell 250

7,-115

1

4

21
10

Jan 4
11 4 Jau 14

'1

I

',

I4'h

37

Apr
214
Feb 16 MM*4
Feb 2 ISO

38

II
4

4 4 Aug
6 J 'ne
34 4 .r in-24

4()i

.12

Nov

Nov

,

1

I.

.

]

;is

57 4

eli

Feb

15"'

Feb Hi
i\)S
May22 43 V Apr 14

4 Jan

4

4.4

os Feb 17
so 4 M" H
29 4 Apr 1..

4

i-

Am.
Mai

11

1

Jan 9 }250 Feb
May 4 19 4 Aug

'-

JT-.I,

82 J'ne2J
23 V Feb 3
4s Kelt

i

27*4 J ly 19

1,7.10

I

~7

1

American Malting

23',

74

I-

13

5209
.

71

7

89 4 J'ly

pref

Hirtedfc Leather...

1..S

4 Feb 26

(914 Jan 25 1044Apr

4,2011

American Express

119 4

4V

i.i...

j

38 4
De pret
29 «s American Ice Securities
•174 20 American Liuseeu
•40 „ 43
Do pref
6.S 4
504 American Locomotive..

117

1,401
s:

in

pref.

American Car

J'iic2i:

,!7

1236
13
46 4
70
20
Mi 4
31

4,000

54 American Grass Twine

•39
29

12i

Aiuer Agncnlt Chemical.
4

00

,.

prel

llis-Olialniflrs

>

i'0

,

Mo

6 137
1

4 MayJ

38
20
20
45

,70

1

I

'.7

1

..

1.

1

35V
104V IO134 1044105V
34 4
34
34
34
107 10734 107 1074

'a

34

9J34 y 3 34
171
171
19a

80

34 3<
I0734

104

42
239

47*4

14 4 14*4
-186 4 188

H04 IllS. }H0 HO
36 4
105

105S

46V

10*4

80
794 79'B
303g 30'8
30*4 304
91
92
914 92 4
123 126 •123 126
•91
94
90
92
33
33
32 34 334
704 704 70
71
54 4 55
64
544

36

15

59

80

14'4

364

90
•43

114 114

344

105

Si

80

36*4

l*f

79

125
93 4

194

43V 444

46V

•904 914

89 4 9138
•43
44

44

60

87
34 4 35
104 105

S,

•104

9034

U7*4

•55

44*4

105

Si

25

22 4

103V

.on

AiumiH Kxpross

99
1304 128 4
121*, 121 4
180 lfrO
106 4 106
94
39 4
145 S.
14l
143 4

&

„.lan
KO J'lv
!

1.

12 ,5 5
11 ,52
,750

prel
1st prel

Do

Si

23
99

Do

1)0

<

,9

32

May 17

4 Jan

21

...

I

St Lou. prei

Do pref
30 4 304 American Cotton

•92
225

1
1

Iniliiirrinl

37 4 38
101*4 102

44

*14V

14*4

•994 100 Si

21-4 21 4
87 4 87*4

364 36V
42

464

9534

117*4 116
•135
194

68 4
252

164 16V
4 00
8uV

20
44
55 S
118

38*4 39*4
104*4 104*«

39*4

82
82
46 4 46*4
1054 105 4
154 15 7*4
100 100
43
44
105 4 1054

47*4

45 4

364

014 92 4

239

94

10

;

82

255

{104 4 104*4 10438 105
•-•33 4 34Si
3*4 3434
•106 107
lu64 1064
42
250

29*4

54 4 55 4
1124 1134 xlll 1114
14
144 14 4

52

106
154
lo 14
•42 4 43
105 4 105*4
•14
15
534 54

874

•70 4 72
51 Si 54
110 4 111

39

San Kran

4Ma\

May 11 101V

96

Hitihest

I.envfSl

21

-'5

Jan

113

I

4 10

Wisconsin Coin nil

•66
86
•23

74

•44

'»

Wheeling

.;'i

I

627' ill

IUD41

43 4 Apr U
65
A pi 1'.
122 4 Apr 4

844May22

/-rrviutil

'<ii

IVar

Highejtt

.

,

|ir,-i

nltcil Ky.stif
\\ aliaali

Lowest

4 00 61*4 J;l1 '
Jan
4 ,900 106

'

1

•44

'4

v. ir. off*
vot. ir. otls

'-

r
'.

294

',

4

514

43

247

6

'4

1

pro!
fniou Vaoitio
Do invr
nil Uy.sl n VI ol

Do
-1

57*4

98
240

115

4-V

94 4 94',
182 '4 183',
22
22V
•80
80s,
•57
70
•28
30
82 86
3234 324

-57
70
•28
30
•82
86
32'8 334

105
91

70Sj 71
«51
51 Si
•109 111
'
864 30 4
:

2.'

•17
•40

104 4 105

434 434

36Vi 374
99»4 100
21Si 22

128
93
•33

4

30

•40
•2

4

16V

74

7S.

29 V
19
44
62
116

38*4

154

187

9*4

46

96
258

314

4

82
1.-4

248

144*4

191

187

80

::o->4

6

I

I
.

'4

'874 "384
'194 100S
29 4 21'
•92
226

iM'*

All,,./,

'M

.300

I'win (Jity Uupul Trannit

11.s--„

89
•si
21
4:>\

89 h
6b \

15 V

Do

714

I*-,

l

A W.

lol. St. L.

Jiang* tor 1 >-ur I UU6
basis 01 WU-share lot*

01

Shorn

Do

56
68
85 4 86 4
23 '4 25

9S
235
41)

•94

94

"14" 14

33 Si

314 31*4
•914 92

29 V

">-*<

284

4

23

43 '44 4
104 4 lU5*4
47
46
80

Si

12

29

"-

S9*8

4

934 984
184V 1834 184V

81

26

Si

•40
50
113

•554

454 46

•1

•24';

1

36 4

1164 116

•14*4

154

42Sj 424
1U5>8 106*4
•14
16
54
54

90
•43

(

-

85 V
23

19

'1

46
484 45*4
105 109 4 '103*4
153 154 •150
102aglU3 1 100*4

104
91

is
42

Si

>.,

38*4

1S7SJ 190 Si
94 10
42
45 4

•95

18

40

'4

104
110
185

Tssi 13V

255

43

42

38*4 39
394
144
14:>>,
144V
141
•139
139 141
89
•142
141*, 141*4 -143
145
102 Si 104
103
102 4 103
*3li
14:;

:

1

653

the
w eek

EXCHANGE

186 4 187
•88
99

214 224

424

Sates

NEW YORK STOCK

38
69

US

1 1

44
18 S

23 4

-54
•74

39 4

8 >4

22 '4
2^
99
98*8 88
12 i»4 130
129
122*4 121 Si 1214 1214
•178 200
383
M80
106
106 4 106 4 •106

OS.

103 ^
116
190

22

81H
214

3i>

534

1

t>3

•82
•225

20
44

106

804

—

Si

7.S.

*

484 51
112
119 Hi
44 4 4
23 4 33 Si
•98*4 99
1274 13034

94

•il34

934

240

122
183

10T8 IIS.
79
81

170
•190

4 98

88
•18
-40

5
24

•128 126
93 S» 94 S.
33
33

I

30

".'2

230
5'i
7

34S» 35

90S,

115

.•240

*29

61'

•37
67

130*4 137 S
•88
91
72
78 S
88 'm B9
81V 81 \

89

37
W
4 100
-29

99-4

38

68 4

245

68*4
83*4

364 37 \

38 V

244 250
16 4 17 <4

68

99*4

Aug 18

66 4 58 \

834 844

84 Sj

43
104 Si
45V 46
90

87

105

•106

'38

17V

58

144
144V
143 4 143 Si
138
139
99Si 103

-57
•28
•82
33

-I 4
28*4

250

•17

1

3!'

'4

245

:so
17
6

128 4 130
122
123
loS 183
IVo

80

81
49
105
154

2494 253
36 Si 364

21V

29 V
67 S

4

50

42

S

574 57Sj 56 4 67 S.
5
114Si '114 114Sj •113*4 115
1334 144
13
13S2 14

42 \ 42V
105 Si 105 Si
•13
14
•53Si 55 S.
45=8 464
•95
95 4

•100

29*4
57»4

26 3

80 Sj 80S.
70
30
86

80
70

674

254

•984 99

1S4=8
21

,1

25

43
44
43
•80
»2
85
•110
114
114
3
944
944
94 4
184*4

88*4

25

28 Si 98 Sj
20
44
48
48111
112

102 Si
114
187
*I4 3«
•56
43
104 Si

714
88 4

43

394 89 Si

•23

99

43

374 38V

102V

-,

1^'4
4-~.

•17
•40

'44

H9

>*-u< (ii/

Aug 17

1

138 <s 1363s
99
89

--i

36 4 81
99 4 loo
29 «y :94
•024 82 ^
2oO 240
5*4
5V

38 Si

•133 140
98 4 99
37
37

4 •? 3

83*4

94

144' 4

•187
*14 3«
•56

7V

•7

•17
20
•40
43
48
•8%
Ill's IllS
»aa

56 4

•57

4 37
U9\

'44

20

5
6
7

71

11

STOCK.-.

Ifiurnlai/

:

-84
•81
82 Si v-14
20 V
20 4 204
42
43 4
42 4
-17
18
184
4

.-J

240

89 '<

'

89S

19 4

:

69

•.'3d

89
82

7

83V 84H

."."•j

99
7J J4

17
4o»4
23

17

«

87 4

38 4 38»8
67 4 69
118 1184

1334 134S

4" 4 41*8

17

3-3

H8VH-*4

IWuurfifav
Aug 16

15
88 4
67 Si
118Sj

38
•67
IIS

88 4
694

It.V

42
28

249

'

Aug

4i>v

235
5i»

37*4
57S!

7 -Si

894
»194

1

Stock Record— Concluded— Page 2

Tuesday

CHI. 1(11/

Aug 14

38

V

1

bS—HWHASl AXD LOW AST SALA PKWAS
.1.

Ja

94
S
V

1

19 1905.]

Saturaav

i;;"j"^

3'

May
Ma)

Ann

4 Deo
Deo
4 Nov

hanks and trust companies— brokers quotations
-

Hunk,

Bid

Union Exch r 220
Unlteil...
85
8 Excha't*" 125

V

Waeh-Hiiu'
WeetSlde'

..

Torkvliic'

..

Jill

Ask
230
no
225

575
400

Nassau
Nat City...
North Sole'

no
..

Brooklyn'

..

1

Mechanics'

l'eop.>

Borough'
Broadway*

*

1

315
134

385

ASK

Trim! Co*.

',

138

.

250
416

ASK

Bid

CITY

N. Y.

'1

Bankei
Bowl';

......

.

...

U

.

1

130
.

Union'
Wallabouti

.

.

1

1"

(

160

Kinpn

Uv

Bid and aano.1 pricon no »ii>-i 00 tun .lay.
Sale at Slock Exclian ge or al auction tin* weak.

I

divlilaod.

1

I

1

li...
..

312 4 317 4

57o
475

TriMt Oo.

t>

100

Now

siooic

I

11—1

1

>'.

ASK

Jlill

li

11035

I'l

730

735

Seal Bat Tr'l
StanuariiTr*! 380
..1 A'l'l
866

110

Trual

11

Co

..I

KI.iiOiimIi

inn T111.1l

rankiin
Ull

Home

1450

8 U a A 1'r
Unit st itea
L375
\ .in .n 'Uen 1 r
l

.

WaHliinnIun
Wiuilhor
a i£x
'|

426
245

n irnu

I

with

IS

1

266

i.ifcTr.

1

1

430

10

346
840
86

355

10(1

800

Naaaim
'I

Williamub'ir.

uirmend and rifbta.

iun»t

.!

2

1

jtsnklnt

1

Ask

BROOKLYN

B

Am.

Bid

t'o'i

Brooklyn Tr 410

'

1

I..O

1

certltloatos.

1

N V l.lle.V.
New York
Pr

Morton
usl 630
MuUAlliauce 210
1

550"

itx rifiin.

Kx stock

A

Mercantile ..
Metropolitan SIS

95

iiiiiniunw'tli
l-.i|iiitable Tr
Hai in 1." it 1

155
200
160

.aw T I
Lincoln

tfantaattan

r'-i

Colonial

'

Prospect I'k'
Kidgevroodl
17lh Ward'

Truat Co'a Bid ASK
Ave Tr .-75
i-uaranty Tr 625
S60
Huarilian
220 230
KuicK 'rb'U'r 1050
Fifth

Mai.ulactrH'. 365

BEOOKLT.1

yiTBt

liitnkn
hta
BROOKLYN
Home Bank] 125
I

:

.135

315
2S5
345
235
.

paragraph H) are State banke

New York

Stock

Exchange— Bond

N. Y. STOCK EXCHANGE
WKEJC Endinh AUO 18

if

J'rice

Week's

Range

Friday
Aug 18

Range or

Since

U. S. I.dvrl linn

8 48 coupon

,19'.'.'

[

K

"I

Gold

OB exten debl
u 58 01 189!
.

d ex ICO s
4s oi 1904

108%

103%

10.1%

108%

Forei«ni (Government
Japanese Govt 6s sterl'g.1911 A. (i
..1911 A-O
2d series Us
& loin 4k« els full pd.1926 F A
2d series 4 %s otfe full paid .r-j

U

103*4

103
104
104 k
104 8 Sale
132 4 133%
132% 183 k

Philippine islands 48.1914-84

Repub ot Cuba

.VI-

a

101
99
90 a
89 %
108
1010 k

Sale
Sale
Sale
Sale
Sale

1

04

Hi

J My

104*al01%
104 k 105%
03 k 104
:

'i i-»

I

104%JMy'o5
107

J'ne'OV

loi

k Deo'04

104

8
90'.,

89*4
108'a

10l»f 17'.
100 320
•>-',

2873

9i>

165

108*4

3-

100% 100 8 100-^ 8.
93°6
93^.
68
93% «4
,1954 J-D
hese
pr ices o n the b a"*
are
t'/

i

'/

-I

4 to 5

1901. J -J
1901; J-J

Currency funding 4s
Distoi Columbia 3 '858

192(

191'.

Atl

%s 20-40

198;: J.J

Tenn new settlement

8s. .191:; J-J

So Carolina

4

J-J
Virginia fund debt.2 8s. ..1991 J-J
6s deferred Brown Bros ells

Q-J

A-O
A-O

JD

No\
Nov
m-n
Stamped
Debeniures 4s SeriesE.1907 F-A
Registered

/il995
/cl995

Series J?
Series G
Series H
Series 1
Series K

.1908

FA

loo;

F-A

lolb
1911
1913
East Okla Div 1st g 4s.. 1928
Atl kuox & Nor 1st g 5s. .1940
Atlantic Coast 1st g4s./tl952
Charles & Sav 1st g 7s.. 1930

102 4
127 Hi.
'

.

1

96%

96
'

20

Mar'Ot

96

Aug'05

U5k

Ue.c'04

'•6 a
4

J'ne'05

15

153b Sale

W

Bruns&

F

A

J

D

M

S

M-S
J-J

1st gold 6s. .1934

W 1st gug 4s 1938

99

99H

104 % Sale

99*2

103%

103
Sale 105
as k 98

104

105
98

108*2

90*8 103
93*4
86
89*4 90

96

95 k

Salt

95

97

96-*4

97 k

10

13%

J-J

Sp Oca & G gu g 4s 191fc J-J
Atlantic & Dauv See South Ry
nee Sou Pacific
Austin <fc N
Sil

99 k
96Hz 101
104% 178 10l34 105
100 k 103
105*2 154 100 105 k
14

"81

99%May'05

98
98

1171a
115ki
99

112% Jan '04

103*4

93k.

97%

94

98

99%

99*8

99 k, 99k

101k lOlkJMy'Oa
113%118 112 k Nov'04
10234

98*4

99% 99%

99*aNov'04
99%J'ue'05
99k Jan '05
98k Nov'04
97 Oct '04

102% Sale
141k
130k

94%

98*4
57

i."oo 34

101k
i"o3k

r25*«Nov'03
114*4 Oct
93 J My

98%

97 34 Oct

'04
'04
'04

W

95% Sale
Balt<fcOhiopriorlg3%s.l925 J-J
Registered
/cl925 Q-J
Gold 4s
/cl94b A-O 105 *4 105»4
105
Registered
/tl948 y-JConv deb 4s
1911
PJun&M Div 1st g 3%sl925 M-N 92
Sys ret 4sl941 M-N lOOki^ale
92^4 Sale
Southw Div 1st g3%s... 1925 J-J
Registered
..../e.1926
Monon Riv 1st gu g 5s. .1919 ti 105 3 !
CenOhio R 1st cg4%s..l93<. M-S 111*4
Pitts Clev & Tol 1st g 6s 1922 A-O 121k
Pitts & West 1st g 4s. ..1917 J-J
Bat Creek & 8 bee Mich Cent

Mb

PLE&WVa

95*4

95 *V

96

Nov'04

105*4

\yib\
J'ly'05

104

U3kJ'ly'05
91 34 Aug'05
H/0
100 k
92 Hj
93
92*8 J'ne'05
108 k J'ly'05
109 Api'Oi.
119*2 Mar'04
J iie'05

100

94*2

97%

102% 106%
103 104*8
105 114
91
93 k
98 k 101
91% 93 k
92*8 92H108*2 108 k

109

109

97 J4 100

NJC*H

Beech Creek See
Beilev <& Car See Illinois Ceni
Bklyn <& Montauk See Long 1
Brims & West see Atl Coast L
Buttalo N V & Erie See Erie
Butlalo K & P gen g 5s.. .1937
A11& West lstg 4s gu.. 199s
Cl & Mah 1st gu g 5s.. ..194:;
Rooh <fc Pitts 1st g 6a... 1921

Consol 1st g 6s
Buttalo & Southwest See Erie
Butt & Susq 1st ref g 4s.cU951 J-J
Bur Cedar R & No 1st 53.1900 J-L
Con 1st it col trust g 5s. .1984 A-O

1934
1st gu 5s. 1921
& St L 1st gu g 7s.. ..1927
190b
Canada South 1st 5s
2d 5s
1913
Registered
1913

CRIF&N W
M

& Shawn
Carthage & Ad
Carb

Carolina Cent

Jiy'05
Apr'O

123*4

103
124

120 k Sale

126 k

F-A

1922 J-D

Registered

123

J-J

A-O
A-O
J-L
J-J

M-S
M-S

;)

4

....

Aug'O,

126 k

99*2 99 '4 Aug'05
101 34 Sale 101 34 10l a4
120 Salt 120
120
118k;. .... 120*2 Mar'08
111*2
112 Hi Sep '04

98

103 k Sale
109

1

02%

10&*4

106

103 k

108 7t

Apr '05

111 Cent
Seab Air L

See
,6'ee

<fe

Cen Branch U PlBtg4s...l94s J-L
Cen Branch Ry See Mo Pac
Cen RR <fc B oi Ga col g 5s 1937 M-N
Cent ot Ga RR 1st g 5s..}j194; F-A
Consol gold 5s
..191c M-N
Registered
194i m-h
1st pre! income g 5s....pl945 Oct
2d pret income g 5s
2>194i Oct
3d pref income g 5s
pl94; Oct

90

94

Jan '05

109

10S% Aug'05

119*2

119*2 J'ne'05
111
114
107 J'ne'04

114

115

98 Sale
SG 34 Sale
79

Salt

98
S6
79

99

86 3
SO

.

110k
110k
Ill k

J-J

134

?:j
j-j

113

'8

Keb'04

104

110% Aug'o;
6 k Aug'05
1

1

110% 110

4

115 k 115

k

134% 184 *»

131*4

13.1%

133%

1

113

113

112

133%
Sale

13.1%

136%

33% 136*9
115

10hS*2

101%

104kMar'o5

101*4

101% Aug'05

101*4

102%

106

106 May'05
A-O 106%
110 J'ly'05
A-O 110k
M-N 119 Salt 119
119
1
16
119 116*4 May'05
1939 M-N

>C

IO8H1

0834

103% 104 k

1922
1949
Div 3*28
1949
Registered
1949
Gold 4s
Iowa Div sink fund 5s. .1919
1919
Sinking fund 4s
Nebraska Extension 48.1927
1927
Registered
1 92
South western Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han & St Jos consol 6s. .1911
68.1907
Chic<fc E 111 lsts f cur
1934
lstcousol g 6s
1937
General consol 1st 5s
1937
Registered
58.1936
Clue <fe Ind C Ry 1st
Chicago & Erie See Erie
Chic In <fc Louisv ref 6s. ..1947
1947
Refunding gold5s
Louisv N A & Oh 1st 6s. 1910
Chicago Milwaukee & St P
1914
Terminal gold 6s
General g 4s series A..«1989
Registered
el989
General g 3 H28 series B.el989
Chic<& LSuDivg5s....l921
Chic <fe Mo Riv Div 5s. ..1926
1910
Chic & Pac Div 6s
1921
Cliicfe P WlstgSs
1916
Dak & Gt So g 5s
1924
Ear & Sou assu g 6s
1910
Hast<fe D Div 1st 7s
1910
1st 5s
1908
I & D Exten 1st 7s
LaCrosse & D 1st 5s. ...1919
1910
Mineral Point Div 5s
1910
So Minn Div 1st 6s
Southwest Div 1st 6s
1909
Wis& MinnDivg5s 1921
Mil & No 1st
1910
L 6s
1913
1st consol 6s
1915
Chic & Northw cons 7s
Extension 4s
1886-1926
Registered
1886-1926
General gold 3*23
1987
Registered
»1987
Sinking fund 6s.. .1879-1929
Registered
1879-1929
Sinking fund 5s.. .1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
1909

M

...1921

1921
1933
1933
Des Mo & Minn 1st 7s.. 1907
Milw& Madison 1st 6s.. 1905
119*2128*4
North Illinois 1st 5s
1910
Ott C F & St Paul 1st 5s 1909
Winona & St Pet 2d 7s. .1907
124 126k
Mil L S & West 1st g 6s 1921
124% 126 k
Ext<fe Imp sfundg5s 1929
Ashland Liv 1st g 6s. .1925
98 100 k
Mich Div lstg6s
1924
100% 102*2
Convertible deb 5s.... 1907
118*8 121k
Incomes
1911
Chic Rock Isl <S> Pao 6s.. .1917
Registered
1917
General gold 4s
1988
102 104»4
Registered
1988
105*2109
1934
lst& refunding g 4s
105% 106
Coll trust Series C 4s .. 1905
1910
H4s
1915
4s
1916
N4s
1917
4s
94
94
1918
P4s
Chic R I & Pac RR 4s. .2002
110 112
Registered
2002
119 121k
1913
Coll trust gold 5s
113 116*4
Choo Ok & G gen g 5s .01919
1952
Consol gold 5s
14 90
99
1923
Keokifc Des Mist 5s
218 67
87 k
19 52*2 80

110*2 Salt

110*4

17*4
16*4

Mar'i 5
1
3
101 k Aug'05
98 J My '05
113*4 Keb'05

113*4

M-N
A-O

97 '4

J-J
J-J

80 k Salt

F-A
J-J
J-J
J-J

100% 102

95

v

84%

85

80
n<J *4

95%

_13 118
lnl*8i04
97
98 Hi
113% 113'4

1

102
100

•98

Sale

Sep '04
80
80 k
May'05

100%
95%

100%

96*8

Feb "05

86%
79% 83

c4'4

80*4

100*4

100

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

107*4 108
113% 114

107%

J-J

118%.

J.J
J-J
J-J

109

k 98
96% 96%

119*2
121*4

134*2.
113*4

.

96 k 97
J

10s%

J-J
J-J
J-J
J-J

114%.

1

.

.

110*2

129%.
113%.
104%

109

HOHiJ'ne'05
112 s Apr '05
116*? Jan '05
127%.May'05

118
117
111
104

183% 1*5
115%
115
106% 106%
108k.UlHl
108% 110
115*2 116%

^% 112%
116% 110%

II

126*4 129*2

105% 105%
"»9%i«i"a

J'ue'05

117% iis"

Feb'05

117

.

....
,

,

J'ly'05

Mar'04

lll%113*4

108% Jan '04
117 May'06
115*2 Apr '05

117 119%
115*all5H»

105kMay'04

.

May'05

119% Nov'04
142 k Feb '02
131k Jan '05

181% 131V

103
109

121
121

105% Sale 105*2

Apr'04
Sep '03

121% J'ly '05
123
107
Sale

98%

,

97

J

110*4 110%'
127% 130..!

J-J
J-J

105

104% 107

110*4 Mar'05
127% J'ue'05

J-J
J-J

May'05

105%
Jan '03

98*4
97%
101*4 Sep '04
97 J'ly '04
95 J'ly'05

98%

93
94

96*2
96*4

84

117

110*2 113
111
III
104 IO6H1

113*4 J'ly '06

105

....

98%

99

104 k Nov'04
....

129%

F-A 101
M-N 103

115*2

U9kl2o

106k 104% J'ly'05

112%
A-O 110k
M-N 117%
M-N 117
F-A
M-S 100%
M-S 106%
M-S 105
M-N 108*4
M-N 1*8*4
F-A 117%
M-S 131

M-S

97

llOkApr'06

101*2

137

116% 116%

105% J'ly'05
102%May'04
I01kl0l% 101k lolk
103 Nov'98

105

134
112

109% 111 %
1 10 k 113%

106

110k

121*4

109k 111%

J'ly'05

108% J My '05

111*2

120

114% 117

114*4

102

i33k 13S*2
I18kl22
119k U9H«

115% May'05

107% 109
.

108*2

110 111%
114% 117 k
112 112%

106% Apr '05

.

'4

10*%

111 k J'ne'05
115 k Aug'05
112 Alar'05
137*2J'ly'99

105 k

109%

MN

106

1

118*8
..

'4

r'4%107%

'05
'05

Aug'04
Api '05
115% May'05

115%
125% 129

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

Mai
Apr

01

111% 114%

106
185

.

109%';

J-J

107*4

Aug'05
111
109kJ'ne'04
97
97
6% Api 05
May'05
119%

114*2

118

M-N
y-F

'05

111k J'ne'05

.

J
J

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

1

106*4 108 vi
106*4 loo Hi
100 100

134 J'ly'05
112 J'ly'05
110*8 Aug'05

.

Ill

J-J
J-J

110*4 110

1 12% J'neMo
I05*8l05°t 104% J'ly'05
138%
138 k J My '05
121
122 Aug'05

109

J-J

Api

80*4

103

101
95

96*4

106%
105% Aug'U4
110*4 Jan '115
A-O 109%
A-O 102%
10;% 102%
M-N 107 107% 107 J'ly'05
M-N
106*4 J'ne'05
M-S

1'-'-

lll%
05% 110*2
06% 10, a

HOk

107kJ'ue'O5

iii"""*!

1 1

90

120% 126
123 123
9 104% 107 "a

j

70

Mayoi

99%

95

95

79

85

Dec'04
May'04

84% 1506

Sale

95

76*4 Sep 'Oi

96

k

97

J.J 108%
M-N 112*4
A-O 109 k

95
103
115
110

97

215

Aug'05
Apr'05

90 k 97%
110 115%
15 U5
109 110%

'

1

J'ly '05

on Next l'uge.

Railway
111% 109% Aug'05
108% 112% Met St Ry—£CoJ»;Re£ g 4s2002
J-J
90% Sale 88%
Lex A v <fc P F 1st gu g 5s 1993
90% 572 83*4 91*1
J-J 100%
Third Ave RR con gu 4s 2000
108% May'05
108% 108%
M-N
Third Ave Ry 1st g 5s. .1937
106 Feb'05
106 106
F-A 108% sale 108 k 108%
9 108% 113*4 Met W S El (Chic) 1st g 4s. 1938
F-A
92k 93 J'ne'05
92
98 k Mil El Ry & L 30-yr g 5s. 1926
F-A
93 Aug'05
91k 98
91% 96*4 Minn St Ry 1st con g 5s. .1919
Street

A-O 109

J-J
J-J

87
89
102%....

A-O

87

94

F-A

93*2....

94 k

J-J

114

116%
121

Friday; latest price tins weeK.

Sale

89

101% J'ly '05
95

J-J
J-J
J-J

F-A
Bway<fc7thAvlstog5sl943 J-D
Col <fe 9th AV 1st gu g 5s. 1993 M-S

•No price

J-J
J.J
J-J

See So Pacific Co
Chas<fe Sav See Atl Coast Dine
Olies & Ohio g 6s ser A..A1908
Gold 6s
al911
1939
1st Consol g 5s

MISCELLANEOUS BONDS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s
2002
BkCity lstcon 6s. 1916, 1911
Bk y Co <fc S con gu g 5s. 1941
Bklyn Uu El 1st g i-5s.l950
Kings Co El 1st g 4s
1949
Stamped guar 4s
1949
Nassau Elec gu g 4s
1951
ConnRy& Llst&ref g4*as'51
Den Con Tr Co 1st g 5s.. .1933
Den Tram Co con g 6s. .1910
Met Ry Co 1st gu g 6s. .1911
Det United 1st con g 4Hjs.193'J
Havana Elec consol g 5s. 1952
Louis Ry Co lstcon g5s..l93o
Met St Ry gen col tr g 58.1997

1

Ask Low
Hifjh No Low Hinh.
93% J'ly'05
93
95

Rid
J-D
94

Q-M

M

See N Y C
11
CedRIaF<ftN A'eeUCB&iN

Lust Sale

Range

Since
2° January

M-S

Registered
Sinking fund deb 5s
Registered

123
100
118

Week's

Range or

Cent Pacific

Debenture 5s

M-S
A-O

z _

/Vie*

Friday
Aug 18

M-N

Illinois

J'ly'05

96

Gsi—t Continued
Oliatt I)) v pur mon g 48.1951
Mac & Nor Div 1st g &S.1946
Mid Ga& Atl Div 5h
1947
191''
Mobile Div 1st g 5s
;ent of N J geu'l gold 5h. 1987
Registered
A1987
Dock <fe Itnpgu 5s.. 1921
Le <fc Hud It gen an g 5s 1020
Leh <fc Wilks B Coal 5s. .1912
(;on ext guar 4Hi8
fflOlO
N Y & Long Br gen v, 4s 1941
oi

Registered
1992
General gold 4k«
103*4 108*4
1992
Registered
(99 k 101*8
Craig Valley 1st g 5s. ...1940
92
96
R & A Div 1 8t con g 4s. .1989
oi $oto a.
1989
2d consol g4s
Warm Spr Val 1st g 5s.. 1941
101*2 101*2
Greenbrier Ry lstgug48 '40
Clue & Alt RR ref g 3s. ..1949
Railway 1st lien 3*28.. .1950
1950
Registered
Chicago Burlington & Quin—

6

9rt *4

Central

Denver Div 4b

15-4 loo

97% Feb '05

F-A
F-A

A-O
1st gold 5s
1934 A-O
Ala Mid 1st gu gold 5s 192s M-N
<fc

'04

irj-'i

105 k Dec'04
1 03 *4 Lee '04
136*2 JMy'Ol

94k

Railroad
Cent aw So By

labuMidl See At Coast Line
Albany <t suwi bee l>ei & Huu
Allegheny Valley see Peun KH
Alleg & West See Butt R &. i>
Ann Arbor 1st g 4s
A1995
Atch T & 8 Fe gen g 4s.. .1990
Registered
1996
Conv g 4s (subscrips)..1955
Adjuslineul g 4s
/(,1995

Sav F

Oct

117

Small

Alabama

'05

100*4 <>et '00
102*2 Mar*02
111
Mar'o2

J-J

1924 F-A
Louisiana new consol 48. .1914 J-J
North Carolina consol 4s. 1910 J-J
6s

101k Jan

99
99
99

1906 J-J

108

105 k
lu4 105 78
132 k 132 V
132*4 133
109 110

'

99 »

*4

104

104 J'ne'Ofj
104 8 104*s
132 7 8 J'ue'05
133 J'ue'O.:
109 J'ne'05
10034

STOCK EXCHANGE
Wekk BHDOfa AUO 18

Am

State Securiiiew

Alabama class A
Class B 5s
Class C 4s

1

High So Low High

104% 104 k lOSWly'OS
104% 104% 104kJ*ne'05

/cl91>U 8 8s coupon
U 8 8sregsmall bonds. .fc)9ls
k\ 91 >
bonds..
U 8 3h cou small
/W 907
8 4« registered
'11907
U S48 0oiinon
1926
U 8 4s registered

U

BONDH

ill

U B 28 consul regislered.cn 930
V 8 2b oouhoI coupon
(11930
Arl91>US3s registered

I'AIJES

N. Y.

January

Last Salt

Ask Low

Hid

Weekly and Yearly

Record, Friday

OCCUPYING) FDUK

94*2 Aug'O

94%

87
9S

91

101k

J'ne'00

94%

109
114

Mar'Os
114

116%

J'ly 'Of

94% 96k
92*2

114

95

St Jo RyLt
St Paul City

H&P 1st g 58.1937
Cab cou g

jj

J-J
J-J
F-A
F-A

91%

91%
118%

120

95%

96*4 Sale

117%

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

91%
J6'4

l

Feb'05
Oct '99
106% Nov'04
95
106

100

90
117

23

94%
120%

94% 97%
116%: 18%
90

96
.4'

.

110

111*2.

99

27'

J'ne'05

118'4 Apr'05

J-J

5s. 1937 J-J

Underground Elec Rys of Lon
don Profit sharing 5s. ..1908
Union Et (Chic) 1st g 5s. .1945
United RRs San Frsf 43.1927
United Rys St L 1st g 4s. 1934

W Chic St 40-yr cons

A-O
M-S

Sale

"96% Sale"

JMy'Ol

99
98%
106% J'ly'05

90%

91k

87k 87 % J'ly '05

5s. 1931 Ai-N

99

97

100%

106% 106%'

87% 91%;
85% 89%

Dec'97

120%

Gas and Electric Light
116%ll9k
120 J'ly'05
118% 121% Atlanta G L Co lstg 5s... 1947 J-L
Due Aug oD ue Got
a Due J an <i Due Apr « Due M.ay y Duo „ ae /vDuo.ly
*•

p Due Nov

«Option sale

:

'

Aug.

19 1905.

BOKIM

Price

STOCK EXCHANGE
Wekk knkino Ava is
L A Pitts tiff Penn O
P M * O cor 8a. ..199(1

i;

\N

.

W .Mull

uen

N. Y.

January

1

37 4 J'ly '05
OS Dec '113
1354 Apr '05
129 s, Mar'ui
125 4 Aug'05
964 J'K '06
96
96
115 J'ly '05

vii"
95

J-J

'.'.

..
..

95

133*8 138

tlisolllo'.' Q-ii

135"" 136
>

.vwl'Kl*?

DAI
W
.>ff U C C &
1 St L A
Cm SAC Sfe C C St L
'

Oct

May'O.-.

111.

W\

96^

I

ClevCtnC A

1284 1964
8tfV»

B8

his,

98

1144

W

L Div 1st col tr pt*a..l99(J
Registered
1991
SprACol Div 1st c 4s. .194c
Val lnv 1st g43...194i
C 1 St I. A C cousol 8s.. 193d
kl93l
1st polo 4s
Keiristercil
kl93l
Uin S A CI con 1st s 5s . L92¥
1914
1 consol 7s
1014
Consolsink fund 7s
Geuenu ounaol gold 6s. 1934
Kec isi ci'tMi
l934
Inil Bl A \V 1st pret 4s. 1910
81

WW

CCCA

M-N
M-N

MS
J-J

115=4

lt'0

4

l

104

4

jm>-

94

Si

J-J
J-J

134

132 T g Aug'O.

A-O

100«a

1044Nov'01

ft
J -I)

J-l)

& W 1st pi 6s...iil9S8 q-J
A Kust 1st con 4s.. .1041 A199n Api
Income 4«
CI Lor A Wli oon 1st e 09.193: A-O
Clev A M arietta MfPeou Kh
Olev A Mahou Val e5s...l93t- J-J
Clev A Pitts nee Penn Co
1947 J-J
Col Midlainl 1st e 4s
Colorado A Sou 1st g 4a.. .1929 FA
Colam A Green v He* So Ky
Col A Hock Val Set Hock Va
Col Conn A Term See N A W
Conn A Pas Kivs 1st g 48.1943 A-O
««CM A St P
Jc tit So
Duk
alias A Waco See M K A
Del Lack A Western 7a.. .1907 M-S
(i

1014
115

MornU

Essex 1st It... 1914 M-N
1st consul guar 7s
1915 J-D
1910 J-D
Reeistered

NY

Lack

A

W

2001:

1

75ia Sale
8

lui'\

100"„ 103

"99^

7,.

164 Jan
75
93T8

sale

J-D

"oesii

101 41(121,
112
114 .
121«4

lSl^ 135

98

127»4l

192S F-A

lll^a

A Hurt 181 Pa Div 7s. 191" M-S
Registered
191
Alb A Sua 1st con gu7s.l90i A-O

Del

MS

73

66

77

904 964

>-.

1st 78.1921
Bridge See Pa RR
Denv A R Gr 1st con g 4s. 1936
1936
Consol gold 4 4s
Improvement gold 5s.. .1928
193;
Rio Gr West 1st g 4s
Consol and col trust 4s 1949
Utah Cent 1st gug 4s al917
Rio Gr So gu See Rio Gr So

Del Biv

RR

DesMoiAFtD See C R A X P
DeaMAMmii See Ch A N W
Des Moi Un Ry let g 5s. .1917
Det M A Tol See L S A M So
Det A Mack 1st lien g 4a. 199.'
Gold 48
1995
1951
Det Son 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dul A Iron Range 1st 5a. .1937
Registered
1937
2d 6s
1916
Dul bo Shore A AU g 58..193

Minn ««SlP.M&.M
ast Ten Va A Ga See So Ry

East

134
149

102

1024

J-J

10634...

J-l)

108

104

...

1031a...
...

9ia4 Sale
93!4

130

M-S
A-O
A-O

95
116

1024

Sale

113

116

102 4

100

'04

95
70
90
114

97

84

964
116

1114116

J'ne'05

108 s4 J'ly '05
113 34 Jiy '04

107

108 34

J-D

105

1104 J'ne'05
1144 1144
103 Feb '05

10741164
1144117 4
1014103

Terminal 1st gold 5s. ..194::
Regis «6.0tMj each. ..1943
Mid RRotN J Istg6s.l910
WukA Ea 1st gug 5s. 1942
Erie A Pitts See Penn Co

4SW

W

J.j

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

M-N

...

IO834

133 137
1374 134 4 May'05
132
130 Aug'03
10l\ Sale 1014 102
100 103 4
98 4 Jan '04
933,
94
96
94 Sale
91
88 Nov'04
96 4 Sale
96
964 64 94 4 98«»
109 U Sale 1084 109 s. 514 963« 1 1
1264 1264
1244
126 4 Mar'05
104 34
105 1 10
110 Mat '05
3
1204123*4
123
123 4 Ang'05
'05
10234 105
101'*
104 J'ly
135^4
1344 i364
1344J'ne'0o

1154
1134
1174

J-J

116'4

F-A

101

M-N
M-N
A-O

120
109*4

J-D

1114.

FA

W

103
107 3

,

.

118
116
117
116
101,3
106 «

Louisville Div gold 3 4s. 1951
.Middle DivregSs
192]
Omaha Div lstg 3s
1951
SI Louis Div gold 3s
1951
Registered
105]
Gold 34s
1951
Registered
1951
Spring Div 1st g 34s. -.1951
Western Lines 1st g 4s. .1951
BellevACar 1st 6s
1923
CarbAShaw 1st g 4s... 1932
Chic St
O g 5s.. .1951
Registered
1951

LAN

Gold 34s

^onsuni

uu

Detroit City

see

PG

Gas g 6s

Det GasCocon

A

1144 115
70
173

75
Sale

C Co

1923 J.J
lstg 5s...l91> F-A

J'ly'04
J'ne'05

116

116
117

J'ly '05

117

1144116

Apr'05

104

101

101

106»4

1063,

HI

U74Jan'05

11741174

110 4 J'ne'05
1094Jau'O5

1094 109

IO84HOI4

105

EdEllliBkn 6<«KCoELAP
Kd E 111 See -N Y o A E L H A P
"it'l'.'t

S"

lttoon g 6s.. 1932 M-S

Kq G A Fuel

GmA

P G A C Co
Llec Berg Co eg 5s. 1949 J-D

114 4Ang/05
72 4
74
1724 173

113
66
169

8

114

W

4 Oct

'0]

J'ne'06

107 34 Deo '00
109 4 Feb'!'".
100 May'05

•

Mo price

loo

i'2'4" "i'/4
94 Apr '05

Friday; latest bid and aakod tot* week.

1874

1094 11194

.

.

1

4

abutJu

A

1931
St L

J-J
J-J

I

I

High,

l.nta

12041244
10041114
116

114

ii3 4 114"
:

100

1014 102 4Maj'05

lOlSsSale
103

1104.

vi

B
b

1

BAM

1st

g

6s.

Rer and ext 1st g 5s

...

1

10278 Aug'05

103 4

99

9841014
102

106 34

109

112

1054 J'ly '04
J'ne'05

ioo" ioa"

J-J
J-J
J-J
J-J

1094.

1104J'ne'0f

11041104

ib'3"

113 4Mar'00
102 4 J'ly'O

102

A-O

io'i"

I014Mny'05

M-S
A-O
A-O
M-N
M-N
J-D
J-J
F-A

FA

108

102

'.i

80

81
93

J-J

824...
104 4...
121»4 ...
124

...

1203s...
94''s...

101

11 '4

4 06 '4

103

106 4

1

96 4

94*4

85 4 86
84
84

'Of-

J'ly '05

95 4 96

jH Mar'05
101 4 0« '8'
100 Nov'00
l()9

4May'06

109

4109 4

122

J'ly '05

122

122

1034 90

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

Ian

80
81

ios"

iii'i"

J

1064 Sale 1064 106
106 4 J'ly't'i"
1034
1064 Mar'o;
'~^>
944
96
1074
123 May'91

F-A
J-D
J-I)
J-l>

10141014

Oct 'Oi
My '05
Oct '01

70
108

107 J4
105 34

4103

Mar'03

94

J-J
J-J
J-J
J-J

Nov'9

J'ne'05
II934 Mar'04
93»8 »y'04

123 4125

1104 Jan '05

11041104

124

M

Nov'04

103

1074

106

Mar'04

107 sj
100
120
10234 103
80
113
82 4

107

4 Dec '02

72 T8 Sale

11734

....

J-J

114 34

....

A-O

II734

M-N

994.
1104.

J-J

J-J
J-J

A-O
A-O

9934 J'ly '05

99*8 100 4
119 122 4
100 1034
70-4 814

1204Aug'05
103

1

03

814Ang'05
118
35

1124116

J'ly '05

85

63

73
Oct '00

118

J'ly '05

7234

96

-

85

88

70

764

J-J

.

1104U24

112 4 J'ne'05

10841OS4
1174119=,

11334

109 4 Oct '99
115 J'ne'05
99 Jan 'Of

115
99

_

.

99 4.

115
100

115
99

.

105 4

1064 Nov'04

.

1174 Apr'05

111741174

1014

1014JMy'05

101 34

U064 i'62 4"

105 Jan '0;'
99 4 Oct '04
102% 100 4 J'ly'O;'
110 J'ne'04
10334 Aug'05

.

.

98
102 '4
107 4
1043g
113 4
11134

105

105

.

1004 103
i'oi

4 1034

105 4 Mar'03

112

Mar'O".

I

11138 May'05

O-J

1124

M-S
J-D
M-N

100
120

J-J
J-J

104 4 1043m 1043» 104'
101 e J'ne'04
115 Apr'05
99T„ Sale" 9934
001
1 1
»4
111', J'ne'06

M-N
A-O

1174120

1084Aug'05
1194 May'O

Q-J

M-S
J-D
M-S
J-D
M-S
M-S
M-S
A-O
M-S

-

112"8 11«4.

1204.

106

n

1174120

1144Aug'0o
1184 120 Feb '05

108 4.

M-S
M-S
A-O
A-O

919 J-D

1934
Milwaukee Gas L 1st 4s. .1027
N V <i E L H A P g 5s. ..1048
Purchase money g 4s... 1940
Ed El 111 1st conv g 5s. .1910
Istconsol gold 5s
1995

u

M-N
J-D
F-A

M-S
J-J

ChG-LACkelstgug6» 1937 J-J
Con O Co of Ch lstgu g5s.'3fi .ID

FuelGan lstgu g 5s. 1947 M-N
Syracuse Lighting 1st g 5s. '61 J-D
Trenton f$ & El 1st g 5s.. 191' M->.
4 94 4 W< strnester Llglit'g g 5a. 1960 J D
«

2

1124 J'ly
108
122

119"8

Lii*jiYi*a
112411'- s

0.

106

Aug'05

10441064

120

J'ly

119
117

'(':.

US** Mav'O

1

102

122

1194
4105 4

1144

974
4

16

114

11 '

101'*
11.'

on Next I'aue.

Gaii nnd Electric Light
LacGasLofStLlstg58.el919

Duo feb d Dae Apr

\

M

N
N

4 127"

286

10

1104J'ly'0

.

LAN

E1CAN

Mu

1()1 7 H

101*8

SeeStLASF

A St L
Knoxville A Ohio See So Ry
Erie
A
Wlstg6s..l937
Lake
2d gold 5s
1941
North Ohio 1st gu g 5s. .194
L Sho A Mich 3 SeeN Y Cent
Lehigh Val (Pa) cons g4s. 2003
Leh Val N Y 1st gu g 4 4a. 1940
Registered
1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
Leh A N Y 1st guar g 4s.. 1945
Registered
194
1st glatpf 68.1914
Gold guar 5s
1914
Leh A Hud R See Cent of
J
Leh A Wilkesb -S'wCentof J
Leroy A Caney Val See Mo V
Long Dock See Erie
Long Isl'd— lstoong58./il93]
Istconsol gold 4s
A1931
General gold 4s
1938
Ferry gold 44a
1922
Gold 4s
1932
Unified gold 4s
1949
Debenture gold 5s
1934
Guar ref gold 4s
1949
BkJyn A Mont 1st g 6s.. 1911
1st 5s
191)
NY
B 1st con g 5s 1935
N Y A R B 1st g 5s
1927
Nor ShB 1st con g gu 5s ol932
Louisiana A Ark 1st g 5s. 1927
Loulsv A Nashv gen g Us. 1930
Gold 5s
1937
Unified gold 4s
1940
Kegistered
1940
Coll trust gold 5s
1931
8-20-yr coi tr deed g 48.1923

H A Nash

92

A-O

A

E

H5

85

1024105 4

1014

1

1084

101

NYAQE1 IxfePlstcoug5sl930 F-A
N Y A aichGaa 1st g 5s. 1921 M-N
Pat A Pa*u A E con g 5s. 1949 MS
PeoGaaAC 1st con g Os.194:: A-O
"894 "924
Kef uniting gold 5s
1947 M-S

Not'03

112

Gen Electric tleb g 3 4s. 1942 F-A
90 4.
Gr Rapu LCo l»t g 5s... 191 5 FA
Hudson Co Gas 1st g 6s. .1949 M N i'104
KauClty.M. ,,(,,-,., lstg 5s 1922 A-O
99 4.
Kings Co El LA P g 5«.. .1937 A-O 109
PnrctutM money h.-,..
19tf7|A-0 124
*d tl II hkn l»tix,ii v An 1939| J.J
9434 D'O

74

J'ue'03

See

61
91

118

9941034

1004 J'ly '05

101

.\0

Oct '04
Apr'05

101
114

88

J-J

1st g5s
1935 J-J
1st guar gold 5s
1935 J-J
Ind 111 A la 1st g 4s
1950 J-J
Int
Great Nor lstg 6s.. 1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s.. 1938 J-D

.MISCELLANEOUS HONDjS—Continued
Una nml Electric Light
Bklyn U Gas 1st cong 5s. 1945 M-K
BuBalo Gas lot g 5s
1947 A-O
Consol Gas convileb 6s
1909 J.J

1951
1951

1st g 4s. ..1951

Kentucky Cent See
Keok A Des Mo See

1084...
1144...
...

//((//!

1204 Aug'Oft
1114 1114
114 Apr 05

105 Mar'9 1114 Aug'O.
89«4 89 4Aug'0f-

Kan C A Pacillo See M K A T
Kan City Sou 1st gold 3s.. 1950 A-O
Registered
1950 A-O

M-N
M-S
M-S
A-O

1144...

/,O!0

I? January

115

113

A

H

KCAMRAB

117412034

A

Clics

Relunding g 4s
1094
1951 M-S
Jeflerson RR See Erie
1074110
98 101
Kai A A G R See L S A M 8
94 4
an A Mich See Tol A O C
89
K C Ft S A M See St L A S F

100 Sep '04
95 41'ly'Ot.
81 a4 Mar'05
95
93 34
115 J'ly '05

97

1034

1*034

1204Aug'0r.

VA

Ky See

<ks I 1st rol A t g 5s M95'an A St J o See C B A y
ousatonio See N Y N H A H
Hock Val lstoousolg4 48.1999
Registered
1999
Col A H V 1st ext e 48. .1948
Houst K A
Tex See So Pac
Houst A Tex Cen See So Pac (Jo
Illinois Central 1st g 4s.. 1061
Kegistered
1951
1st gold 3 4s
1951
Registered
1951
Extended st g 3 4s
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1062
Registered
1952
O A Tex gold 4s ...195:
Registered
195;
Cairo Bridge gold 4s
1950

IndDec A

134

120ia.

J-J

(irtt>iibner

St LSouJst gu g4s
Ind Bl A West see C G C

M-N

M-S

tr4s 1921 J J
102] Q-J

Registered

Elgin Jol A East 1st g 58.1941
Elm Corl A M o See Leh
Erie 1st ext gold 4s
1947
2d eit gold 5s
1919
3d ext gold 4 4s
1923
4lh ext gold 5a
1920
6th ext gold 48
1928
1st consol gold 7s
1920
1st consol g land 7s
1920
Erie let con g 4s prior. .1996
Registered
1996
1st consol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 4s
1951
50-year oonv 4s
1953
Burt A
bine 1st 7s. .1916
BOJB
gold 68
1908
Chic A Ene 1st gold 5s. .1982
Jen RR 1st gn g 5s....al909
Long Dock consol g 6s. .1935
Coal A RR 1st cur gn 68.1922
Dock A Imp 1st cur 6s. .1913
N Y A Green L gu g 5s. 1946
N Y Sua A
1st ref 58.1937
2d gold 4 4s
1937
General gold 6s
1940

MS

Nor—O BAQColl

Meinph Div

ot

ANY

AS A

Regist ered . h,

4

134

100
108

1094

Sep

110

4115

102 106
142 41424

9134
9134
61 Jan '02

105 4.

98
95

112

Apr'06

108

...
1094
99\ 100 l4 100

J-D
J-D
J-D

J-J
J-J

127

103 105
105 4108

J-J

M-N

4

1283g 1313,

May'05
Aug'Oi
Feb '03
May'O
Aug'01

139^

A-O
A-O

129 a

133^2 127»4
127
112 4 May'05
...

M-N

J-J

1104

108
126

18 12734 130

103 '4 J'ne'O.'.
1023i J'ly '05
142 4 Mai '05

1906 A-O

liar

:il

LN

1164 1164

'0.

76 V
94

101

714 84

69

lOO^...

1923 M-N 103 1U4I-. 104
Tenu A improve 4s
107
Syr BlngA S Y 1st 7a.. 1906 A-O 106^107
Warrenlst ret gug34s. 2000 F-A 134i«.... 102

Guar gold 6s
Rens A Saratoga

•

(lull

1004103

109^4 ...
108 Mar'05
IJ6I4 1267e 126 l4 J'ne'05
128 Si 130
128 4 J'ly'O
127 J'ne"05

1st 6s.. .1921 J-J

Construction 5s

W

1

llSi".....

93

JO

WA

til

884

'1

gug 34s

Kort St U D Co 1st g 448.1041 J J
Di>n C lstg(is....l9Jl
Kt
Ft
* Knxir 1st g 4s... 1928 J-J

1014

'•.

96'h

101 101': 9:''4 Ang'Ofi
76 Sale
75 4
le*-.
liOHi
112 4 Feb 'o-i

1124

IVrc M:u
hut A lVr<>
Pitt 06 I'ciiin 6M8ea Air 1. im

104

19

08

Aug'O::

123

Q-J

-:i\

'or>

B9*4 Eeb'0;">
102-'

A ik

121
111 4 Sale
116
105"8

or

.See

100

1

90*4

103 4 Aug'O."
100 Oct '0-1

4

1

.

M

101

116

lUUagMai'O.

KH'4
100

1033*

1004

.....

100 4
103

1

AV«SoPaoC<i
'alH A U Of 1882 1st 68.1918 A-O
Qeorgia A Ala Sre Sea A Line
tin car A Nor
See Sea A Line
(ieorgia Pacillo See So Ky
uila V G A Nor See So PftOCfl
'i.niv A Oswegat See N Y Ceni
'l rami Rap A I ml See Bonn UH
G ray's Pt Term See St L S W

'01'

Jan '04
106
103 J'lyo5
Aug'u"
lolHi
112«a JMy , U&
V±L->4 J'ne'oi

M-N

Ini1

Peo

1st ret

1

'

J'ly'O.

102 4 103

*

J-J

tiang*
Since

Range

Last Sale

I

1

A Mali .Vf B K A
st been s 4a 1998 J-P
193* J-J
Cairo Div 1st gold Is
A M Div 1st g 4s. 1991 J-J
Cln

Clearfield

113
111!

*

103

MN

St

1044Deo'03

'4

loo

CUi H A 1) oousol 8 I 7s...i;hi: A-O
1887 J-J
2d gold 4 4*
1st mi if 5s. ..1941
Cln
4s.
1953 J-J
1st ni |
Cm I A-

1st cona 68.1921

1942 A O
1st general gold fts
Mt Vernon 1st gold 6a.. 1923 A-O
Suil Co Branch 1st g 68.1930 A-O
026 J.J
tCv A ml st con gu g 6s.
H'argo A So See Ch M A st

i

1

ATI!

Week'*

tYidau

Aug IS
Hid

High

Lo\b

SM PereMaro

ChocOAGitlt

O

Jvo

1

i'35'4!!

ort

rsl tn.l

*-c

Price

STOCK EXCHANGE ss
WKKK KNUINH AUO 18

Sine*

High

Loio

-<J

1364..

J-

B8...103< J-J
8a.. .1919 A-O

Chicago Ter Trans g 4s... 104
Chic ib
Clue A

Last Sale

IS

to

Nor Wisconsin 1st
St P A S CUV 1st
Coupon

Aug

or

Kvans

348.1V3U J-D
1st g 6s 191 - M-N

Cons 6s reduced
Ch St P A Minn

Kange

655

2

BONDS

Kan ye

Wettc's

tYidav
Win

IT, ict SI L See Atc-li let Sa h>
Chic St L 4 N O Set 111 Cent

Chic St

'

Bond Record— Continued— Page

j

N. Y.

Clilo St

1 'H

:

IO734 Aug'05

'1074.

105 4 Miiy'H.
'02\
92 4 Aug'03
110
110 1104 110
02
914
92
914
105 JMy '05
105 4 106
'

1

1 ti

101

4

4

1004

JMy 'OR
08\
108 4 1084
10.)

KM

105»4

LOO

Due M»y /iDuoJlr *DaeAag

e

Aug'OC
M»y'05

1044 J'uo'05

LOO
i'16'4.

-

1

1184 1194
105

1

1084

-.

1

May*06
M«r'05
KI54 M»y'05
124

125
108
IDS

1054 1064
92
B
108 '4
91
103 'kK

1194 Apr'05

106
103

100

10734 10:"4

110
113

May '05
Jan '05

or. '4

:

123-4

1

1074

i"

1

KM

107

1

«

I

U

'4

1044

'

110

«

1114 113

Due Oct gDaeDeo #OB«oj>_sal»

Bond Record— Continued— Page

656
BONDS
STOCK EXCHANGE

N. T.

W«n

ending

Aca

18

A NashT-(Continued}
L Ctn A Lex gold 4%8...1931
J* O A M 1st gold 6a.. ..1930
1930
N O A M 2d gold 6s

Aug

Last Sale

18

M-N

109%

J.J
J-J

12H
124
112

M-P

MS

"

123%

75
113

70
101
]ii"

F-A

116 Hi.

Ala con gu g 5b. .1986 F-A
1910 A-O
Sink fund sold 6s
Jell Bdge Co gug 4s. .1945 M-S

112V

.

A

Pens

SAN

All 1st

LA

L N A A CU

gug

See C

Mahon Coal

1

.

6s.. 1921

W
4HV

J-J
J-D

J-J

fly
J'ly

M-S
M-S
J-D

Minn

W
ANW
M

'35
MA Ft D 1st guB 4s...
RA

A

C

St L gu See

2d

(told 4s
1st ext gold 5s
St L Div 1st ret g 4s. ...2001
Wa 1st gu g 5s. ..1940
Dal
A Pac 1st g 4s. ..1990
Mo K E 1st gu g 5s.. .1942
Ok 1st gu 5s
1942

A

1906
1920
1st consol gold 6s
Trust gold 5s stamped. al917
Kegistered
t»1917
1920
1st coll (told 6s
1945
40-year sold loan 4s
Cent Br Ky 1st gu g 48.1919
LeroyAC V A List g 5s 1926
Pac ft of Mo 1st ex g 48.1938
2d extended (told 5s. ..1938
St L Ir M A Sgen con g 5sl931
Gen oo n stamp (tt d g 5s 193

1st extension gold 6s..7il927

M-S
J.J

J-J
J-J

A-0
M-N

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

M-S

FA

J-J
F-A
J-J

A-0
A-0

u

MAO

Mohawk A Mai SeeNYCAH
Monongahela Biv See B A O
Mont Cent See St P M A M
Morgan's La A T See S P Co
Morris A Essex See Del L A W
X] ash Chat A St L 1st 78.1913 J-J

1928 A-0
1st consol gold 5s
Jasper Branch 1st g 6s. .1923 J-J
McM M A Ai 1st 6s. .1917

1^1

W
A

Shef

6s.. ..1917

See

lien

11514 Mar'05

115% 116%

110 Mar*03
99 % J'ne'05

Mich Cent

"99i4

Mar'05

104%.

104%

106%107 3

104
Lo9

<

104 3

97 h

Mahon CM KB

2<i

112%U3
99%

LAN

4%s.l926 J-J
1951 A-O

New HAD See N Y N H A H
N J June KB See N Y Cent
New A Cin Bdge See Penn Co
N O A N E prior lien g 6s pl915
N Y Bkln A Man Bch See L i
NY Cent A H Rivg3%s.l997

Registered
1997
Debeu g 4s
1934
Lake Shore collg 3%s.„1998
Registered
1908
Mich Cent coll g 3%s
1998
Registered
1098
Beech Creek 1st gug 4s. 1936
Registered
1936
2d gu gold 5s
1936

guards

107
104
106% 109

Apr '05
J'ue'1'5

A-0
J-J
J-J

M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J

Beech CrExtlstg 3%sol951 A-O

A

Ad 1st gu g 4s.. .1981 J-D
Cart
Clearf Bit Coal lsts 4s. 1940 J-J
1

Gouv AOswelstgugSs 1942 J-D

LAS

1st

77%

57
24 34 57
97
16

78

23 34
15

15% Sale

1934
191"

.

1940
1940

74

105

May'00

J'ne'05

110%

17'e

P6<,

1922 J-J
1989 M-N

UlSf

120% 122
113^ 113
114%117

95%

l

4

:,

4

98'f.

96

101%
103

101 14
Nov'01

98 14

99

102 34

103% Sale

102 34

103 34

88 k Sale
11-5% 108
93 Sale

86 %
107
93

107
93

108%

105% Dec '04

93
113

l

4

107
109

7

88% 207

1'23%

io6%J'iy'i)5
108
108%
104 34 J'ly '05
122 Aug'05

108%

108% Aug'05

108 Sale
104 34

94%

.

109% Oct

93% Sale 93%
96% 96% 96%
102
112

103

4

121%

107
125»8

106 -2 110%
107 110%
94 34 96%
95
98%

104%110
103 105%

116%U8 34

115% 119

96%

122

93^4

J'ne'05

96% May'05

4

115

115

j

20% J'ly 'or<

1

17 14 Mar'05

105

105% May'05

113

113 34

126
99

95

I15'e
95

120% 123

U4%117
119

121

117% 117%

J'ly '04

83 34

84

84

105%105%
16

79 3i

84

.

4

99 34

ii9'>8

J ly'05

98 34 100%
99
100%

L01''8

101't

100% 102%

99

101 % sale
90
90%
88% 89
90 % Sale
87*4

100%

1

,

90 %
90%
90 Aug'05

89%

90
89

yo%

93

90 3

4

89% 91%

90 J'ly '05
!05-\J'ly'05
102 Mar'04

89

90

105% 107%

107%.

89%

2d 5s

.

.

95

.

Apr '02

107% J'ly '00

.

105
106

Oct '02
106

It)

103

107

124
120
106

105

115
118 l4

119%Mhi''i>5

118

118% Aug'05

U7%119%

107% Feb Ol
105% IO534

.

,

125%.

1917 A-0

105%

119%

107% 107%
106

104

Mar'05

131 34 Apr'03

104 34 Sale

104

104 34

103% Jan

33 103

112

112

133% Jan '0:"
132% May'05
132% Dec '04
102% 103

106%

103% 103%

'i>l.

132%
130%
130%
102%102 34

112

111%112
133% 183%
132% 132%

104%

100

99 34 J'ne'04

97"ibo%
94% 98

99%J'lv'u5
98
98

98

109% Feb '05

107

102% 103

103

77

Q-F
J-D
J-D
F-A
Q-F
F-A

'e

'()•/

109% 109%

Aug'05

100% 99%

104 34l06 34
03 % 105 %

1

75% 78%

J'ly'05

74

J'ly '05

132

111%

-i

99%

125% Apr '05

123%.

103

100

106% Sale 105% 106 '4
104%
104 34J'ne'Oc,
77 Sale
77
77%
Q-F

77
101

125% 126%

J'ly '99

112% J'ly '03

108%

.

loo%

.

109

J'neO"

107% 109

114%.

100% Apr o
92% Apr '05
114%Aug'0"

115
112

118%Feb'05
Ul%J'ly'05

118% 118%
111% 113%

Oswego A Rome See
O C F A St P See C A N
Oz'rk A Cher C 1st gu 5s g.1913 A-O
194b J-D
Pac Coast Co 1st g 5s

101

101
101
ii4 34J'iy'0f

112

Panama

A-O
M-N

104%

J-J
J-J

i08%i.09"

92%

99% 101
9<:% 92%
114%116%

Nor Wis See C St P M A O
Nor A Mont See N Y Cent

g
J-D
General gold 5s
1937 A-0
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pac
Ore Short Line See Un Pao

NYC
W

ac of Missouri See Mo Pac
1st s fund g4%s.. 1917
Sink fund subsidy g 6s.. 1910
Penn Co Guar 1st g 4%s.l921
Registered
1921
Guar 3%s coll trust reg.1937
Guar 3 %s coll tr ser B...1941
Tr Co certif's gu g 3 %s.l910
C St L A P 1st con g 5s. 1932
Registered
1932
CI A Pgen gug4%sser A. '42
Series B
1942
Series C 3%s
1948
Series D3%8
1950

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

A-O
M-N
F-A

N A C Bdge gen gu g4%s 1945

J-J

1940
1942
1942
1945
1949

A-O
A-0
M-N
M-N

P C C A St L gu 4 %s A.
Series B guar
Series
Series
Series
Pitts Ft

C guar

D 4s guar
E 3% guar

WAC

g

. .

F-A

102%104%

104% Aug'05
Apr '02
108% 108%

106
102
94
98
120

98%.
119%.

115%
116%

98%
97%
97
97
104
114
114

106

106

J'ly'05

94
97

94

J'lv'i 5

115

1

113 114%
112% 113%

103 J'ne'05
93%Aug'0."'

il'2%113
103 103
93
93%

1

13

J'ne'O

13% J'ly 'o;
112% J'ne'05

.

127% Oct
119

98%

117% 120

J'ne'O!

96 Jan '04
102 Nov'ou
98 34 Apr '04

104

92%

108%111%

Jan '05
Nov'98

10S%Aug'03

J-J

A-0
M-N
M-S
M-N
J-D
M-N
M-S
CI A Mar 1st gu g4%s..l935 M-N
D R R R A Bge 1st gu 4s g.'36 F-A
Gr KA I ex 1st gug4%sl941 J-J

99% 101
115%

102

1st 7B...1912 J-J

2d7s
1912
3d 7s
MQVi
real
KK
1st
est
4s.
1923
Penn
g
1919
Consol gold 5s
1943
Consol gold 4s
1915
Convertible g3%s
1912
Convertible g 3%s
Alleg Val gen gu g 4s. ..1942

MISCELLANEOUS* BONOS— Continued

113% 115

M-S "93%;""

Erie A Pitts gug 3 %s B.1940 J-J
Series C
1940 J-J

99% Sale
98%

101
90

Nor

—

J'ne'05

1

'4

96%

U3 34

ismj'iy'oe

117%
113%
112%

See Gt

6s.. ..1923
Kegistered certific's..l923
StPaulADul 1st 5s.. ..1931

124
119
106

96 % May'04

J

AW See C C C58.1936
A St L
OInd
lno River RR 1st

114 34Apr'05
95 Fnb'05
101 Nov'04

3

ISty 6

J'ly 05

Q-J

93%
95% 100

126

l

C B A Q coll tr 4s
StP A N P gen g

1997
a2047
a2047
1996

93 58 96 3e
94
98

llvi%117
91
99 101

119
115

Registered
General lien gold 3s
Registered
St Paul-Dul Div g 4s
Registered

1

93 %

125 34 129

Sale

W

1st consol gold 4s
1968 J-D
Wash Cent 1st g4s
1948
Pac
Ter
Nor
Co 1st g 6s. .1933 j :?
Nor Ky Cal See So Pac

'03

124% 125

129

VAN Elstgug4s

W

93 14 Apr '05
98% Aug'05
129
129

98

Scio

109% North Illinois See Chi A N
107% 107% North Ohio See L Erie &
104% 108% Nor Pac— Prior lien g 4s.. 1997 Q
3

Ul%Mar'04

92%

CCA T 1st gu g5s

106

110 Mar'06
L05 J'ly'05
118 34 J'ne'05
1 16%
117

103%....
116%....
116%....

88 34

111

106%lo7% 10741 Aug'06
96% 96
96%
97%....
97%
974i
104*8....

84 34

15 103 34 108
6 87
93

!'6%
96 3<
114 J'ne'05
116
108 % 107 34 108
lo9
169

107

100% 104%

Feb'uf.
J'ne'o

105% Mar'05

101

114
104% IO8 3

137

108 34

124

.

937

N Y A Greenw Lake See Erie
N Y A Har See S Y C A Hud
N Y Lack A W See D L A W
N Y L E A W See Erie
N Y A Long iir See Cent of N J
N Y & N E See N Y N H A H
New York New Hav A Hart—
Housatonic K con g 5s.. 1937 M-N
N H A Derby con g 5s.. 1918 M-N
N Y A North See N Y C A 11
N Y O A W ref 1st g 4s. gl 992 M-S
Regis 85,000 only
#1992 M-S
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y S & W See Erie
N Y Tex A M See So Pac Co
Nor A South 1st g5s
1941 M-N
Nort A West gen g 6s
1931 M-N
Improvem't A ext g 6s.. 1934 F-A
1932 A-0
New River 1st g 6s
N A W Ky 1st con g 43.1996 A-O
Registered
1996 A-O
Div'l lstl A gen g4s... 1944 J-J
Pocah C A C |0int4s..l941 J-D

137

124

'63

101%.

103
105 34

1

1

Jan

113 34 Jan

BWAOTHlst gu g 5s. 191s
Kegistered

<

100%.

R WAOr.on 1st ext 5s. /tl 922
OsweA R 2d gu g 5s...el9] 5

94% 99% X Y

124
119
106

.

97%.

1

26%

May'O.

106%Nov'O(i

1901
1982

Bat C A Stur st gu g 3s. 1989
N Y Harlem g 3%S...2000
2000
Registered
NYANorth 1st g 5s.. 192"

79

124

103%
103%

109% Apr '01

116%.
108

.

73 t8
19
11

99%101%
102

di 100

114%.

Utica& Blk Klvgu g4s.l922
Chic & St L 1st g 4s. 937

"7% Aug'05
90% J'ly '01

97',

Moh A Mai 1st gu g 4s. .1991 M-S 100
N J June R gu 1st 4s.. .1986 F-A 101%.
N YAPulstcongug4s 1993 A-O 105

Coal and Iron
Col Fuel Co gen gold 6s... 1919 M-N
Col FA I Co gens t g 5s.. 1943 F-A
Convertible deb g 5s
1911 F-A

122%

<fc

78 Sale
24 '4 Sale

MayO

135% 138% 139
.

g3%s

6 ib"7%il0**
25 107 109%
99% 102

122

121

g 3%s

102%

102

1

Higfi

l,ow

99%J'ne'0;-.

1931
1931

1st

High Ac

100%J'ly'05

101%

Sale

108

Registered

J

102%

1st consol 6s. 1909

6s

Since

13 January

109 % Sale ii'9%"i<>9\
109>4 109
109

108
101
100

1st 6h.. 1934

McKecsA B Vlstg6s

Range

Week's

Range or
Last Sale

Ask Low

Bid

McK A Y 1st gu 6h. 1932

Kegistered

104
104

..

114 4 J'ne'05
11'5-VllS
97 % 98 34 97% J'ly '05
97*4 Aug'05

1938
General gold 4s
Moutgom Div 1st g 5s. .194 F-A
St L A Cairo coll g 4s..el930 Q-F
1931 J-J
Guaranteed g 4s
coll 4s See Southern

1st consol 4s

Pitts

110

96

M-IM

W

Natof Mex prior

110

114%115i4

97

137

Verdi V I A
Mob A Birm
1945 J.J
Mortgage gold 4s
M»l> J A K Cist cons g 5s. 1«63 J-J
Mob A Ohio new gold 6s. .1927 J-D

Nash Flor

99 "a

98%10u 34

Debenture g 4s
1928
Dot Mon & Tol 1st 7s. 1906
KaA<feG Bl»tguc6s.l938

114

97
115

112% Mar'05

.

121% 121%

1st gug 58.1916
1st 4s gu... 2361
Registered
2361
Lake Shore gold 3 %8.... 1997
1997
Registered

114

Price

tridav

Aug 18

Nor A Mont
West Shore

J'ne'02

i08% J'ue'05
120 '4 Apr '05
113% Mar'05

ref gold 4s. .1920 J-J
Div 1st g 4s. .1933 M-N
1st g 6s. 1926 .VIprior lien g 5s 1945 J-J

Branch 1st

109

30% 132
126% 126%

108 78
120

TexAOklalstgug5s...l943 M-S
Missouri Pacinc 3d 7s

TAP

109

138%

FA
KanC
A-0
A
M-N
MKA
M-S
M K ATotTlstgug5s.l942
Sher Hh A So 1st gu g 5s. 1943 J-D

A
AG

Mar'05
J'ne'05

J-D
j-n
A-O
J-D

J-D
01990 F-A
1944 M-N

RlV

High.

A'

MStPASSMcong4tntgu'38
M S S M A A 1st g 4 int gu 1926
Minn Un See St P M AM
Mo Kan A Tex 1st g 4s.. .1990

Unified

Low

I/O

Nov'99
1110% May'05
110 Feb '05

A-0

Internal 1st con g4s. 1977
1977
Stamped guaranteed
Mex North 1st gold 6s.. ..1910
Y
Cent
Mich Cent See N
Mid ol N J See Erie
-See Chic A N
Mil L S A
Mil* Mad See Chic
& St P
Mil & North See Ch
Minn A St L 1st sold 7s.. 1927
1900
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921
1st
78.19K)
South West Ex
g
1934
1st consol srold 5s
1st and refund gold 4s. .194!'

Mex

Des

'.i

1

4s

A-0
A-0

1st Ser....l907

W

:

96% 97 %

FA liov

FA

4%s

.

ior>

January

BON DM
STOCK EXCHANGE
Wekk BSDDra Auo 18
N Y Cent A H It—(Continued)
N. Y.

AL

SwLS&MS

anhattan Ky consol4s.l990
1990
Registered
Metropol El 1st g0s....l908
1934
5s
Coloniz
Man S
g
See N V Cent
McK'pt
Metropolitan El 4'«ManRy
Mex Cent consol (told 4s. .191
1st consol income g 3s.al939
2d consol income e 3s..al939
1919
Equip* coll gold 5s
Coll tr a

109
132

Hange
Since

126% Feb '05
114 Apr '06
121% May'05

127

M-S
J-J

3*.

High

ASk Low

J-J

LA

',

Week?*

Range or

Bid

•Louisv

Pensacola Div gold 6s.. .1920
1921
St L Div 1st gold Os
1980
2d gold 3s
Hender Bdgelstsf g 6s. 1931
Kentucky Cent (told 4s.. 1987
LAN A M A M let g4%8 1945
N-South M )ouit4s.l952
N Fla <fe S 1st gu g 5s. 1 937

Price

Friday

Vol. lxxii.

3

121
119
107

.

106%.

LI

110

106

101%

I06

104 34

sale

104%

102
110

110
101 34

Apr '04
Feb "05

1% Sep

102% Sale

'02

Mar'04
106

107

'04

Aug'O;:

102%
106% VJ

101%102%
1

101>4l0?

Nov'9'i

Jan

'05

iV6" i'10"

,

109%

,

111% J'ne'05

111

111%

on Next I'ase

Telegraph and Telephone

107% Oct '04
103% 103>4

105

103%.

94
90 J'ly '05
Trust Coctfs
87%Apr'05
Col Induslst conv 5s gu A.1934 FA
73% Sale 70%
73% 17"
1st conv 5s gu Series B.1934 F-A
71% Sale 71
72 >4 186
Contin'talC lsts £ gu 5s g.1952 F-A
107%Dec'04
Gr Riv Coal A C 1st g 6s. .1919 A-O
102% J'ly 'U4
Jeff A Clear C A 1 1st g 5s.l920 J-D
107 May'97
2d gold 5s
1926 J-D
102% Oct '03
Kan A H A 1st s f g5s.l951 J-J 103% 105 104% J'ly '05
Pleas Val Coal 1st g s f6s.l928 J-J
105 'Oct '00
Tenn Coal gen 5s
1951 J-J
99%
99
99%
Tenn Div 1st g 6s
al917 A-0 110 112 112
112
Birm Div 1st consol 6s.. 1917 J-J 110%113% 112%J'ne'05
Can C
Co 1st gu g 6s. 1922 J-D
102
Dec '03
2 De Bar C A I Co gu g 68.1910 F-A 101
104% May'05
,V D-on Coal A Co 1st g 5s. 1949 M-S
90% Sale 90
90% 10
"Noprloe Friday; latest bid and asked this week. i.Due Jan

M

,

102
85

84
68

Am Telep A Tel coll tr 4s 1929 J-J
1st g 4s. .2397
98
Erie T A T col tr g s f 5s. .1926 tA
90
34
M-N
110
T
lsts
g5s
1918
89% MetT A
76 4 N Y A N J Tel gen g 5s. .1920 M-N 104%

96% J'ly '05

105% Comm Cable Co

98
109

f

1

66% 74%

Union col tr cur 58.1938 J-J
Fd and real est g 4%s...l950 M-N

VVest

fund 6s. ..1911 M-N
Northw Tel gu f 4%sg..l934 J-J

Mut Un Tel

s

111% 112
106 14

107

Aug'06
Oct

r.s%

98

98

'v:<

109% May'05
105% J'ly '03
111% 111 5
106% 100 '4
110% Mar'05
,.

103

96%

109% 109%

108%113
104% 107%
110% 110%

J'ly '04

&

Industrial
Manufacturing
104% 107
1915 Q-F
97 34 985f.
Am Cot Oil ext 4%s
100
Am Hide A L 1st 8 t g6s.. 1919 M-S
93% 100
Amer Ice Secur deb g6s..!9'J5 A-O 81 Sale
109% 112
M-S
si
Os
9
1
101
110% 112% Am Spirits M tg 1 g
Am Thread 1st col tr 4s. ..1919 J-J 90
Am Tobacco 40-yrg0s 1914 A-O 116 l4 Sale
103 105
76% Sale
1951 F-A
4s
86
93%
6 Due Fell e Due May jDuej'ne A Due J'ly p Due Nov
. . 1

P8 34 Aug'06
100
100%

80%

81

89 % J'ly '05

75%
«

77
94

81

101%
87% 90
116% 170 L10%118%
77%
76% H58 71

101% Aug'05
116%

98% 101
96% 100%

Option

sale.

•

1
'

|

An;,

M

'

.

Bond Record— Concluded— Page

19(15.

lit

BUNDS

WeeVt
Range or

Price

STOCK EXCHANGE
Wrik Knuinq Aro 18

N. Y.

^«1

Friday
Aug IS

A W 1 st g 4 a 1 P4 3
Son A Lewis 1st g 4a... 19.9
UKJ Kit A Can gen 4s. 19
Peusacola A Atl See LA- Nasi
Phila Bal

10P>«

. .

100^
113V,

1

Peo A Kast see C C A 81
Peo A Pek Un 1st g 6s. ...1921
M821
2dgold4Hi8

X. T.
:

So Low

Hiati

Lena

Hta'i
106»4 10P V

vo*4

il"6»as¥p

I

1204
100 103
105 U

W M 6* 1921

PereMarq— Cli A

Si

121^

1020
A- I'M (T68
1939
1st consol gold 5s
6s.lP3P
Pt Huron Div 1st g
SagTnsA H Lai Ira * 4s. 11131

Hint

113 s«
116

Penn it it
PhUB A w
Phlla A Reading cons 7s.lPU
guar
6s. ..1932
Pine Creek reg
Pitts Cm A si L See Pen Co

23 Si Jan 0.JMy'oi
101
109 Apr '02
121>4 J My '0
113 J My '05
114 J'ne'oS

123«»123U

1

IIP
112

Hi

.sre-

119>4 Apr'04

117
126

B

Vol
rii 6>c
1st goUl 6s

Penn Co

A

Cm

120 Hi Aug'06

I19"g.

118

AO

A

,

1

98

.

115'<

102^ Sale

Reading Co gen

1PPT
g 4s
1 yP
Registered
Jersey Cent coll g 4s. .. 1P51
Kensaelaei A Ba* tH4 1> t\ H
Rleli A Dan See South liy

100 Hi 101

S<

117Hj 121

J'ly'97

116 May'Ofi
102 Vj
u»2V
100 Jan 'OS
lol Aug'05

ne

116

iOO'e lot

100

Loo

PSHiioi

Southern
Den
K10 Gr

see

106 Hi
75
89

Rooh

A Puts

K

See

76

J'ne'05

78

Jan

89

'05

1P41

103 '4 M»y'04

But-Canadlst gu g 4s...lP4i'

lOl^Nov'Ol

Rutland

'Pus A H see Pew Muni
Sag
,. t Jo A Gr lsl 1st g 4S...1P47
St Law A Adirou 1st g 5s. 1990
lPPli
2d gold Us
St LA Cairo we Mob A OI110
St LA Iron Mount See M P
St L K C A N See Wabash

StLMBr

95

L A S Fran 3d g 6s CI B 1900
lOOli
2d gold Us Class C
1931
General gold 6s
General gold 5s
1931
St L A S F KK consg 4s. .'Pi'
Southw Div 1st g 6s. .1947
Refunding g 4s
1951

103
103

94 H

103

'.'.'.'.'.

88
96
125

S9 34 Sale
102

See Illinois Cent
St L S \Y 1st g 4s ud Ctfs.l98P
2d g 4s ino bond ctls...j)19s9

J'ne'05

8

89*4

99 Sale
84
85
83 >* Sale

MA

Reduced

lop's

138

1933

1

112Hi 116
99 34 100'4
101 102HJ

HP 1* 18b

88 14 92 *4

Lee '04
J My '05
32

90'e

88

99 Hi
99 Hi
81 14 Aug'05

82^

4

1

J'ly'Oo
38'4 Aug'05

104 l4 Aug'05
106 May'Ol
104 34 Mar 05

Salt

110

104 Hs.

.

120
136

StPAS'xCity 6«eCStPM AU
Lake C 1st g a 1 6s. ..191;.

Si'e Pres A Pli 1st g 6s.. .194V:
8 A A A P see So Pac Co
S * A N P 1st sink g 5s. 1919 J-J
SavFAWest See Atl Coast L
Scioto Val A N E See Nor A W
Seaboard Air Line g 4s ...1950
Coll tr iefund g 5s
1911
Car cent 1st con g 4s.. .1949
Fla Cen A Pen 1st g 5s. 191s
lst land gr ext g 6s...l93u
Consol gold 5s
1943
Ga A Ala Hy 1st con 5sol945
Ga Car A No 1st gug 6s 1929
Peab A Boa 1st 5s
1926
Slier SUr A So See M K A T
Bli S>jp Oca A U See Atl Coast L
Sod Bay A so 1st g 5s
1924 J.J
80 Car A Ga See southern
80 Pac Co— RR 1st ref 4s. 1955
Gold 4s (Cent Pac colli. «1949
Registered
/tl949
AAN
lstgu g 5s.. ..1941
Cent Pac 1st rel gu g 4s 1949
Registered
1949
Mort «uar uold ;o?s..k1929
Through St L ltl gu 4s '54
Gal Bar
lslg ga„191u
2d gold 7s
1905
Mtx <fc Pac lsl g5s
1931
Gila Vlj A -N lsl mig 5s. 1924
Huua h. A
I l»t g 5..,. 193a
uar 5s red
1988
I

W

Asa
W

IC

1st u 5s int gii..l9.;7

1

121

Hj.

109-V
90 34 Sale
104 V

W ico A

N

W

11

iv l-i m

108

Moy'05

90 »8
IO434

97

Sale
953b sale
Hi

100 Hi 101

TolPA Wist

gold 4s.. ..1917
pr lien g 3 His. 1925
50-year gold 4s
1950
Tor Ham A Buft lstg 4s./il94l!

XolStLA

90 \ 22
104 78 20

Feb '05

Jan

HI U

'05
May '03

102

Jan

'03

96'8
97'_ 203
95\ 43
95
94 Mav'iio
104 Aug'05
2«

100-»4

9P'4Mai'03
89

89

'.

9 P =s Sale
100H.

89

89

98%

99"?

HO

lob'sMar'oy
03 Sep '04
115
Feu '05

U3

127

Exteii

UO-.

J'ue'u5

95

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101

sale

79'.,

81

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85*4
81

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118

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95H)

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U2»B Jan '05

112 112*«
96Hl 98
108 111

Pel)

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Dec '04
in^J'iy'os
U4Hi J'ne'OG
......

334

9« Hi

116Hi116H»
114 116
119 Hi 122 H»
114 116
I2l^e 125
123 '4 127

123
110

Hi

98

Hi

101

16

84 Hi

74

62

'4

2Si

114
114

114 7t
Hi

U7

114Hill4H>
9734
97

114 Hi J'ne'05
97 34 May'05
115 J'ly'05

115

116Hs
1

131k 117

J'ly'Oo

100

Nov'04

112

A-O

lllHsApr'05
122 >4 J My '05

I20I4

F-A

100
111

Mm

96

99
Sale
Sale

10034

J-J

114 '4
115*8.
118
97 J4

FA
A-O
J-l)

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'a

lll> 9 112Hi
123
121

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J.J

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96
95 's
106 Hi Aug'05
106 Hi Nuv'04
11634 J'ne'Oo
111 May'04

-

120*4 l-'334
9334 102

IUShIH^
114Hill63*

10734 Aug'Oj
U7 J4
973,

93
91 l4
86 34 Sale
98
99

110
95

Hi

93 Aug'05
92
92
15
8l)34 I02
85 34
98 J'ly'Oo

112
98 H»
95
92

91
89 Hi
fc03«
83
97
98 "4
H2I4
J'ue'06
110*8
110«
113
8
93 '."'.'.
96 14 mii '06
95 "4 95 »4
I06 Hs Sale lOf)^ 106 Hi 5: I0434 108 Hi
10534 J'ly'Oo
103 Hi 106 '4
136 ^2 Sale 132% 136 34 173 U2 78 138 Hi
13?34 Apr '05
1163b 13734
ib*3i«i03^ 103°8 103»8 "o 102 104
12338
1233
123 4
127 H»
3 124
4
117-i
117 Hi Aug'05
117Hi 120
90 , sSale
96 7b 19 96 Hi 98H»
9 6 34

J-J
J-J

J-J

M-N
M-N
J-D
F-A
J-J

f

J-D
J-D

107 «8

J-J
J-J

Dec '03

112

.

114HiApr'02

FA
FA

103 34 Aug'05

103 34 104»b

110Hill2Hi 112 "a J'ly'Oo
107HillMHi
118 Sale 118
H83B 13 116 HP Hi
107
107
1 107
112 Hi
10/
90
90 Feb '05
90
73
73 H 7L<8
73^ 122 66 Hi 84 34
102
Aug'Oo
103
102 103
9 2 Hi
92
92 Apr '05
92
110
111 Aug'05
IO934 112
"
90 8
97 Nov'04
88 8
86 Hi 87
88 Apr '05
86
95
May'05
97
96

J.J

M-N
F-A
J-J
J-J

M-S
J-J

J-J
J-J

A-O

MS

A-O

l.09H»Mar'03
9034 114
89

90 '4 Sale
33HiSale

J-D
J-D

89

A-O
J-J

AO

"

Sale

97.ia" 98*

J.J

109 H>...

A-O

Ill Hi ...
113'4...
...
Ill
93
93

J-J

FA

gold 5s...lJ3o
1949 M-S
20-year equip s f 6s ...1922 J-J
wiiKes a Boat tfMBrie
Wil A Sioux F See St P
AM
SVis Cent 60-yr 1st gen 4h. 1949 J-J

38 \ 654

37 Hi

Nov

1st consol 4s

89 14 21

88
119

H3

r

1 1

Ill

94
119"*
U8 34

112

111

114-4 11434

114Hill4'a
UlHi 114 B «
9.) Hi
92
102
102

H

1 1 1

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93 Hi

93
102

87»<
9tt 34

98 Hi
40 Mar'01

'

Hi

86 Hi 9534
45 7 i
36

118

J'ne'05
J'ne'05

112 Mai',04
114 34 Mar'05
1 14 a May'05

94-'„Sal6

9

1

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88
50

Jan '05
Hi

96

105Hi

1.00

94

102

90

Hi

111;

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96

st

-

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100

Mm

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o 1st u 4

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1st

1

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Wat Work* 1st 6a
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M>r A. Due - ly » iiuu

jr.

loot;

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a Due Jan oDuefeU

cona

1

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si

1'4

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aaHett.

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60

auk'

lsl

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M Y l>ook 60 vi 1st

'

108

1

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106

.1

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ixt U A; M lit nr inoomes..l91
\ O
Moboken 1.
golil 6a. ..1910 M-N
Mail So, i.ar.li 11 lsl g 5m.. J919 M-N
Man I'.ch II .t Lgeu u 4e..l840 .IN

j'lyi'.,
Feb'n.'.

3

8

109 H, llC
99
97Hl>ale

*

1

-

•-

Adams Lx col ir g 4s..
194s M-S
Am Dk A Inip6s See Cent N
vin 88 Cool W Va g 5s
1920 M-N
H'kl'n

77>a
1

l'lu'v Am;'"'.

'4

oi-,

I]

and

1

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H7Hill8

IOPHiAuk'ii;,
Hi

101 Hi
1183«

10 H. May'05
116 Hi Aug'06
120 Hi Aug'05
114 Mai '06
121 7„JMy'0.r
126 34 J ue'06

98

Ui'4

I

BONDS—Concluded.

Si

Deo '04
93

191

Hi

M

Hi 1

Aug'06

1925 „
1946 F
DJ46
1913.

loo"

'4

j-iyii.')

lul

aiiy A I eonvdebg S
steel CorplO-bu ytbn W-

AprU

100 Hi

liu

U3\

M In i.o lsl B tf»1920

i.

114

Feb '02

'•'aU-

81

'.'.'.'.'.'.

1

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f.

109

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Kn.. ^.-r IcelChlC) ^1 g 61
.N rtt .-lareii

100 7

A

5i._'7

95

gr g 4s ...1947 J-J

A Imp

103

.Miacellunvoua

a-o
p. a
F

DA.lulnlF

.•

_

1

Registered

RR

Deo '04

100H loo

RR A

1st lien convert 4s

Miinuiiictiii-iiiu

ils Indiurttioll
thei 20-yeai a. 5s 1925

112

W

.HI>CKI.L.\M.OI

ol robacoo

1H°8

1 1

'4

Oil Hi

)

1952 A-O

1st refund g 4s

Pac

1947
1911
1911
Ore Ry A Nav con g 4s. 1946
Ore Short Line lstg6s..lP22
10434 10434
1st consol g 5s
1946
Guar refund 4s
1929
123 124
Registered
1929
135
135
Utah A Nor 1st 7s
1908
Gold 5s
1926
118Hill8H,
Uni N J RR A C Co See Pa RR
Utah Central See Rio Gr Wes
Utah A North See Un Pacific
Utica A Black R See N Y Cent
Vandalia consol g 4s
1955
Registered
1955
see Mo P
108 108
\! er Val ind A
irginiaMid See South Ry
VaA Southw't 1st gu os.2003
84'4 92
1939
Wabash 1st gold 5s
2d gold 5s
102
1939
104%
Debenture
series
1939
95
A
98»i,
Series B
1939
109 109
1st lien equip s fdg5s..l921
1st Ben 50 yr g term 4s. 1954
109 Hi 109 H
Det A Ch Ext lstg 6s. .1941
109 Hz 114
DesMoin Div lstg 4s.. 1939
110 110
Om Div 1st g3Hi8
1941
Tol A Ch Div 1st g 4s. ..1941
St Chas Bridge 1st g 68.1908
Wab Pitts Term 1st g 4s. 1954
2d gold 48
1954
95 H2 9HH; Warren See Del Lac A West
92 >4 97 U Wash Cent A«* Nor Pac
Wash O A
94
See Southern
91
108 7g Ill's West Marylandl8tg4s... 1962
WestN
Y
A
Pa
104
lstg 5s. .1937
100%
Gen gold 3-4s
1943
Income 5s
U1943
s7H) 90
est
W N o Car See South Ry
9J3b
VaCeutAP lstg 6s. .1911
108 H. 110
Wheel'g A L E 1st g 5s.. .1926
Wheel Div 1st gold 6a.. 1928
113Hi 116
lo7H* llo
105 H. 107'

107'hJ'ne'05
107 '4 Feb '06
103 H. J My '01
ll'2'i

U3 a4 Un

W

1

llo'i
107 Hi
105
103

W

W

Mar'Oii

IOoHj

123

.,« '.;..

'04

109HiMar'u5
Aug'06

110

mi

Jan

113
110

105

107

110

95
109

108
103*8
107Hj
lll«a
110^8
110 114

guar.. .1912
gold 4s int guar.. 1921
lis

U8H>Feb'05
117 Jan '04

*

W

Aug'05

1 1

1

12*>4

"9434

102

108H3

90 Hi Dee '04
963s
113H.
115'4
120 Hi 122
113Hi

114

l

108 109 Hi
102 Hi I02 Hi
112
112 Hi
108 Hi HI
117
'4

.

\\

2d gold inc5s
92000
La Div B L 1st g 5s
1931
\V Min
A N 1st gu 5s '30
I'ol A O C lstg 5s
1935
Western Div 1st g 5s. ..1935
General gold 6s
1935
Kan A M 1st gu g 4s
1990

iioia YiiK
103 105

124 May'05
135 Jan '05
134 34 Lee '04

Ho

L&

See D

Registered

1% Aug'05

11

104.

1083p JMy'Ofi
109 Hit?'eb 06

1

1953 J-J
Gen refund st g4s
St L M Bge Ter gu g 6s. 1930 A-O
Tex A N O See So Pac Co
TexAPao 1st gold 5s
2000 JD 123

1

HI

lie^Apr'Ol
llOHjl.12

116 Mar'do
lMHjDec'o-l
Feb '04
119

.

MS

'-j

Hi

10S 4
1II9'„ lOO-Sl

Hi

110
114
110

101
91

1

KS
106

.

A-O
J-D
L!lsterADellstcong58 1928 J-D

10S3gii3
36 139

May'
lllHiJMy'05

A

W

92

1

96Hil01Hi
84
87 Hi
80Ha 84 1,

83Hj 324

eit 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 5s. 190Nor Lit 1st gold 4s
194*
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
193.
Registered
1937
1st guar gold 5s
1937
V. ui & S F 1st gold 5s. .1931St P & Nor Puc See Nor Pac

Mont

Couaoi e

52

ANY

of St L lstg 4 His.. 1939
'I'er
1 1st con gold 6s. ...1894-1944

10

119 J4 11934
1193,
110 Feb '04
101 Hi
101
101 H,
117 '4.
118 34 JMie'Of,
98 \
100 Aiig'n.)
115
118 J 'ne'O.i
95 7e
98HiMar'06

MN

1P3(

An Low lligk

122
peo'04
Sep '01
LOe
113 Jan '01
lolHiJ'ne'06
sSHi
68 7e
108 4 Apr'O..
109% Jail'05
103 J'ue'06
104 Hi D'-e '0

lo2HiJ'iy'o.'.
112 Hi Fob '06

119

1921 M-S
1P26 M-S

syra Biug

:

1294132

113
139

11234

1933
1910

Registered.

6s. ..1910

104 V

140

to gold 4 H18.. 1933

Dakota ext gold 6s

V
.

1922 J-J

1043<

So

Cousol gold 4s
1932
Gray's Pt Per 1st gug 5s 1P47
St Paid A Dul See Nor Pacini
Man 2d 6s. ..1909
St Paul
1933
1st consol gold 6s

Geu

96

102
104

131 May'05
113
113
100 '4 Mny'05
102 '4 Aug'05

114

122"

'

104^ Feb '05

89*8 Male

CAM KABlstgu5s.l929

HA

03

C

Virginia Mid ser
series D 4-5s
Series E5s
General 5s

/linh

since

January 1

1

.

113»g.
117 J4
1083b.

W

127Hl

M
M

Registered

113

Guar stamped
1936 M-N
\V O A
1st cy gu 4s. .1924 FA
West N C 1st con g 6s. .1914 J-J
S & N Ala See
Spok Falls A Nor lstg 6s. 1939 J-J
Stat lsl Rv 1st gu g4Hjs..l94;: J-l)

....

113

6-year gold notes 4Hi..l90;con g 0s..l92s
K C Ft S A
K C Ft S A Ky ref g 4s 1930

St l.ouis

I0334

25 *>

l

100>4

LAN

St

K

89

Hn'i-U

J.J
J-J

1

135

Aot 8tL

o'ttT Kit

94 Hj

JJ

A Ohio lstg 6s.. .1925 J-J
Rich A Dan con g 6s
3,916 J-J
)eb 5s stamped
1927 A-O
Rich A Meek 1st g 4s... 194- MN
19 19 M-N
So Car A Ga 1st g 6s

Y Cent

Home Wat

JJ

Knox

100
77
89

109

P

11 A-

A- <>g See N
1st con g 4 "a*

Mar'OJ

109
76
8P

'4

195t

oaPao Ryl8tg6s

.V:

gu g 5s. ..1939
1940
BlogTSo lsl gold 4s
1P4>
Guaranteed
1st

101

115
103
88

MN
193S MS

Con 1st gold 6s
K Ten reor lieu g 6s

KichAMeek Km
RloGrW'esl
K10 Gr Juno

J

1912
1P43 J-J
I'uu gold 68
1PP4 J J
Southern— 1st con g 5s
1PP4 J-J
Registered
Mob A Ohio coll rr g 4s.. 193s MS
Mem Div 1st g 4Hi-5s...lPP6 J-J
1951 J-J
St Louis div 1st g 4s
191S J-J
Ala Cen R 1st g 6s
Atl it Dauv 1st g 4s
1948 J-J
J-J
4s
1948
2d
Atl A Yad 1st g guar 4s. 1949 A-O
1916 J-J
Col A Greenv 1st 68
KT VaAGa Div g 6s.. 1930 J-J

120 Oct '01
112 2Uec 02

118

JJ

A-O

H;

or

Nuv'04

r_".".j

122

MS HI

Sabine Div lstg6s

IP'.".'
Pitts Juno
Pitt*
L Krie!2d p 6s...<il92s
Pilts Mckees A V See S V
Pitta Sh A L L 1st g 5s... 1940
1943
1st consol goUl 6s
Pitta A West see H
Ash 1st oou 6a.l927
Pitta Y

Ask Low
Hi

1

o

.v.

Aug

1'8

Hange

2«,i
S o

Range

Last Ball

IIS

J

Week's

Prtduu

Sid
A-O

Stamped
SPaoof X Mex st g 68. .1911 J.J
1905 FA
Tex A N O 1st 7s

11

Su

PlttaCleveA
Pitta i't W A

>&,

southern PaoCo— ( Continued
Morgan's La A T 1st 78.1918
1920
1st gold lis
1907
No of Cal 1st gu g6s
193s
Guaranteed gold 5s
Ore A Cal 1st guar g 58.1927
8 A A A Pass 1st gu g Is. 1943
so l> of Argu lstg6s... .-1909
clPlO
1st guar u' 6s
S Pof Cal 1st g 6s ser B.1906
1st g 6s series C A D...1906
1st g 6s series E A F...1912
1912
1st gold 6s
1937
1st con guar g 6s

NoV97

137

li

A-O
A-O
A-O
A-O
M-N
M-N
1P05-..1P37

128
1111.
11 tii.

ui

Price

STOCK EXCHANQ
Wkkk Knuino Al'a 18

Bin

January

109*aJ'ly'U5

657

4

BONDS

Bang*

5 §

Last Sale

AsK

Sid

Penn KH—< Conttntted)

'

j

1.

j

MS
.

v

iitHiJiy''"

UUHjHale

mi

1

•

1

'-.

qUuo Deo

CHICAGO STOCK EXCHANGE-Stock
S'l

OCRS— HIGH hST AND LOWEST BALE
Monday
Aug 14

Saturday

Aug

1

i

A vsi

UIVKS

1

Aug

Aug 17

16

.STOCKS

EXCHANGE

18

Range

Sales

CHICAGO STOCK

Friday

Thursday

Wednesday

Tuesday
Auy IS

Record -Daily, Weekly and Yearly
11I

lor

Range

Year

lor Previous
Year (1904)

1905

the

Week
Highest

Lowest

tharet

Lowest

Highest

1

Itilill IIMlls

•185

4

5

18 7b

19

86

87

r.

87

86

196

•185

196

'•-

'5 4
6
•1*4 194

"

T84*"u*"

1

864

864 83 a4

86 a,

•8

94

•8

•24
*

45 4 45 S

45',

'„

24

25

70

•60

95 4
1:7 4

4 28

•98
•30

•

•24
•63
*60

96

•95

24 3«

•50

27 4

ou

954

•274

'98
•50

its

*»8«s

«50

45 78

60

100
100
loo
Ohio Union Tract.... 100
Do pref
100
tfans City Ky <fc Lt ..100
Do pref
100
Metropot
8 Kiev.. 100
Do pre!
100
North Chic Street
100
Northwestern Kiev. .100
Do pref
100
South Side Kiev
100
Streets WStable C L 100
Do pre!
100
West Chic .street
100

Do

45^

•24

25
B6

-

180

80
107

pref

Subway

4,245

30

840
1U0

W

25
88

Last Sale 65
Last Sale ii 3*
Last Sale HO
•95
95
95 4
Last Sale 2? 78
Last Sale US
Last Salt 49

65

4

100
100

Chic Pass Ry
Chic & oak Park

85>, Chicago

J'ly'05

>fi

1

[

U '4

•

01

95 K

•27

'60

25
66
7o

5

Is

•84

45 34

45
88 4

•214

-214 28
'61

454

89

•233,

24

45*4

4 5 3/

644 04 4

66
•60
70
•214 23
•61
64

•

45
89

4

5

91,

1

r

Mar'05 Chic City By
Chic Consol Trac

18
84

86 '4

83

Las S a
46

im

hast Sale

196

J'ly'05

Aug'05
J'ly '05

95

Aug'05
Aug'05
J'ly "05

1(1

29

5

Feb

190

1

734 Jan 6
5
5 24
Jan 31
Mar31 87 34 Aug 1
64J'ne28 13 e Feb 3
26 J'ly 13 51 Feb 2
30 Jan 9 4 5 76 Aug 1 r
82 4 Jan 4 89 4 Mayl
20 Jan 18 25 >j J'ne23
59 4 Jan 10 68 J'ne22
55 J'lyl4 99 Feb 2

4
16
53

J'ly
J'ly

:

21

60
100

Jan

May23 244Janl"
Mar27 66 Jan 5

90 4 May 1
27 4 Aug 9
37 Feb 3
40 J'nel2

974Mar20
294 Jan 4
1034Mar21
Feb

72

3

155
6

23

Mar 190

Aug

Sep
Sep

Not

8
27

N01

4 Feb 15 No\
27 4 May 45 N01
28 4 Dec 31 Dec
804 Nov 85 K01
15 Mar 26 Sep
41 Mar 68 Oct
65 Mai 88 Sep
15 Jan 26 34 N01
44 Apr 67 4 Not
90 Mar 984 No*
28 Jan 34 Oct
82 4 Apr 103 J'ni
38 Api 56 4 Sep

Miscellaneous
ll°8

69 4 69
•90

•-.

•1274132
524 52V
"..

.

•105
•62
•10

40
110
54
.

...

11V

114 114

69

I,'!-!

>,

40
110
54

12

40

*93
•131

40
110
52

132 132
53 U 53

13

•105
•50

14

•6
-155

157

157

160

*

52

:entralTrust Rank. .100

135 135
103 1034
143 76 143 7g

J'ly'05

•155

160

131

57

4

57

S.

65

4

52 34
112

664 67
113»g 1138s
*
65

57'..

IU
66

65

65

-1154116

116

*

57

1184

,

142 4
•58

584 584

Illinois

Diamond Match

100
Brick t
100
Kana City Stock Yds. 100
J'ly'05 Knickerbocker Ice... 100
Apr '05
Do pref
100

64

644 05

65

11
63

Feb 6 34 4 Aug 1
Feb 15 73 34 Mar 2 2

J'ne'04

Dec '04
.Vlasonic Temple
Last Sale 3
May'05 Mil<fc ChicBrew'g
Last Sale 10
Nov'04
563.,
04 78
653^ National Biscuit,
54 4 55
1134 11034 a;lll 11034 111
Do pref

'1154116

116

143
59

•134

1034 -102 4

*

LaslSale 17
Last Sale 9
474 474

484

48

1034

Chic Edison
100
Chic PneumaticTool.100
Chic Telephone
100
Chic Title & Trust... loo

" 94Feb"9

14*4 Apr 25
34 Jan
31'4 Jan
60 Jac 25 73 4 Apr 2/
76 Jan 24 82 34 J'nel2 40 .Mai
66 125 Feb21 133 J'ly 31 1154 Jan
158 38 Jan 19 57 Mar30 19 J'ne
98 4 Jan 17 105 4Mar27 82 Aug
183 Mar
100 38 Jan 4 40 Jan 4 33 Nov
105 Marl 7 110 J'ly 31 100 34 Mar
150 50 J'ly 27 62 Apr 15 52 Feb
148 4 Feb 23 150 Marl" 120 J'ly
10 Jan 5 10 Jan 5 10 Oct
s4J'ne 2
1
Jan 18
1
Jan
6 J'ne?8
7 Jan 20
7 Feb
31 153
Jan 25 172 Feb20 140 May
155 32 Jan 7 52 4 Marl6 18 J'ly
14 125 May 4 143 4 Feb 17 115
Mar
50 95 Apr 6 105 34 Mar 6 86 Feb
355 134 4 Feb 1 144 Augl4 1264 Feb
100 55 J'ne27 66 4 May 25

"s"255

30

44 4Mar27 48 4Augl4
2
2 Jan 30
Jan 30

109 4 109

98

64

87
34

f.

4 109 »8 109^

98

14

is

h-'g

9

1*8

8 78

•34

8 7e

fe

14
8 34

39

35

Gas

BONDS
•^*s

Price

Week's

Range

Range or

Since

Ask Low

Bid
1910 F-A
Amer Biscuit 6s
Amer Strawboard 1st 6s. .1911 J994.
Cass Ave& FG(StL) 5s. 1912 J-J U-03

I?

Board ot Trade 4s ...1927
Consol Br & Mlt 6s
Consol Trac44s
1939
Edison debent 6s
1913

1st gold 6s

7tl926

Chic Auditorium 1st 5s. ..1929
Chic DockColst4s
1929
Chic Equit Gas 6s
1905
Chic & Mil Elec Ry 5s ....1919
Chic Pneum Tool 1st 6s .al921
Chic Rock I & Pac RR 48.2002
Collat Trust g 6s
1913

J-J

J-D
J-J

A-0
F-A
A-0

9941014

J'ly '05

103
103

76

Sale

W

1

J-J
1906 J-J
1st 5s
1909 J-J
Refunding g 44s
1931 A-O
No Chic City StRy 4 4s. 1927 M-N
North West'n El 1st 4s. . 1 9 1 M-S
OgdenGas5s
1945 M-N
Pearsons-Taft 5s
1916 J-D
4-408 B B B
1920 M-S

*S7

1938.

90
t

$89
94 '4
90

.

94H
90 «»

994...
994...

*99T8
100
123

...
...
...

104 34

944
90

18

1

95
98 4
100«8 100 7S
97
98 4
974 100
16
16

944 964

10341 03 «e

103

904

86
95
94

100
99 4

89

95

934

9534

88

96 4

99

99 7e

994 99 34
99 4 100
3

Aug'05
100 Aug'05
123 14 J'uo'05

1064

80

1064 1084

99 78

May'05
103 4 103 V;

68

40

9934 Aug'05
99 34 J'ne'05

108 ^ Aug'05

Corn Exchauge Nat...
Drexel State
Drovers Dep National
First National
First Nat Englewood.

89
94i4
90

1074 107
103

M-N

104

98 J'ly '05
99 4 J'ly '05
16 May'05
94 7s
94 7e
86 4
87
97 J'ne'05
96 May'05

1074 1064

10741084
t

M-N
M-S
M-N

Commercial National.

664 Continental National..
10341044 Cook Co State Savings

1004 Feb *05

89

Chicago Savings

62

1004

F-A
4'40s Series C
4-608 Series E
M-N
M-N
4-80s Series F
People's Gas L<fe C 1st 6s. 1943 A-O
Refunding g 5s
1947 M-S
Chic Gas Lt<fe C 1st 5s. .1937 J-J
Consumers' Gas 1st 5s.. 1936
1924
South Side Elev 4 Sis
1914
Swift <fc Co 1st g 5s
1945
Union Kl (Doop) 6s
1911
Union Pacific conv 4s
1910
V S Brewing 5s
cl963
U S Steel Corp 2d 6s
1928
West Chic St 1st 5s

88
96
95

76
Nov'04
Apr'04
1064 106 4
96
96
73
79
80

Chicago City

1034 Chicago National
104

10034 Nov'04

M-N
M-S
Commonwealth Elect 5s. 6 1943 M-S 106 107
Illinois Tunnel 5s
96 Sale
1928 J-D
Kans City Ry <fe Lt Co 58.1913 •M-N
Knickerb'cker Ice 1st 58.1928 A-0
98
Lake Street El 1st 5s
1928 J-J
99 4
Income 5s
1925 Feb
Side El 1st 4s. ...1938 F-A
Metr
94 78 Sale

Extension g Is
North Chic St 1st 5s

January 1

1004

J-J
J-J
J-J

-i

9

Oct

Feb
Jan

Dec

Aug

Apr
24 Jan
20 Nov 25 Sep
36 Jan 08 4 Dec
994Jan 1164 Nov
254 Mar 464 Dec
95 Jan 120 Sep
1 34

2 4 Apr 3
14 4 Apr 3
Feb 15 384 April

3

8

4 j'iy

Aug 16

7

J'ly

14

Sep

Nov

10 38 Dec
33s

Nov

2034 Jan
25 4 Dec

100 4
1234 123 34

100

21 105 4 107=8
10734 108°8

J'ne'05

.lOOk 106 >4 J'ly'05
114 Nov'04
81 J'ly '04
88 Nov'04
04 J'ly'05
60 J'ne'05
90 Feb '05
81
82 4 Aug'05
87
88
92
»8
100 Jan '04
added to all Chicago bo ad

Foreman Bros B'k'g Co
Fort Dearborn Nat
Hamilton National
Hibernian B'k'g Ass'n

Home Savings
Manufacturers Bank..

Milwaukee Ave State.
Nat Bank of Republic.

National Live Stock...
North Side State Sav..
Oakland National
Peoples Trust & Sav ..
Prairie National
Prairie State
Pullman Loan & Sav..
South Chicago Savings
State Bank of Chicago.
Stock Yards Savings ..

Union Bank
Union Stock Yds State

Amer Trust &

Savgs.

Central Trust Co of

&

Citizens' Tr
Colonial Trust

III

Sav Bk.

& Sav..

1064 1074 Drovers Trust & Sav..
10234 104 7e

Equitable Trust Co
<fc Sav..
First Trust & Savings
Illinois Trust <fc Sav..
Jackson Trust <fc Sav..
Kenwood Tr & Savings
Merchants' L'n&Tr Co
Metropolitan Tr & Sav

1024 1034 Federal Trust

105 4 107

94

100

1]

Dividend Record

In
1903

Jn Per
1904 iod

Last Raid
11

2,000,000 $1,065,962
100,000
31,067
200,000
13
168,801
8+5
1,000,000 1423,345
15
12+3
A: 500,000
fc 65,3 14
2,000,000 1,792,123 12*
12
3,000.000 1,232,536
8
8
50,000
3,072
6
6
3,000,000 3,561,208 12
12
200,000
16,274
6
6
600,000
274,1192
8
8
8,000,000 5,973,000 1112
12
100,000
106,770 10
6+4
500,000
627,237
Priv ate Ba
1,000,000
226,614
6
6
500,000
141,896
1,000,000 1,049,404 "a
"a
100,000
155,785 10
10
200,000
11,589
"*6
250,000
263,154 *6
2,000,000
952,610
6
6
1,000,000 1,302,966 15
12+3
50,000
6,034
6
50,000
49,536 "a
6
200,000
13,510 New Bank
250,000
59,596 *"8
250,000
73,721
"li38
300,000
170,613
8
8
200,000
31,875
5
1,000,000
607,524
6
250,000
104,615
200,000
23,501 Began Mayl,
200,000
19,029 New Bank

q-J J'ly
Jan ran
J-J J'ly
Q-J J'ly

3,000,000
2,000,000
200,000

1,969,687
916,361

Q-J
Q-J

£200,000
200,000
500,000

Jtl01,477
48,094

6

7

1

4
b ank.

New
5
6

of

30'Jfc

lecl.ire

1

Q-J
Q-J
Q-J
Q-J
Q-J

J'ly
J'ly
1'ly

J'ly
J'ly

fly
J'ly
J'ly

2

'05, 8
'05, 4
'05, 3
•05, 3
'05, 2
'05, 14
'05, 3
'05,
'05, 2
'05, 3
'05, 2 4

14

1'ly

'05,

14

J-J

J'ly

'05,
'05,
'05.
'05,

4

'05,

14

J-J J'ly

Q-F May
J-J
Q-J
Q-J

J'ly
J'ly
J'ly
J'ly
J'ly

Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly

5
1

3

'05, 3
'05,
•05, 3

14

*05.
•05,
•05,
'05,

2
2
1
2

190
J'ly
J'ly

•05, 2
'05, 1 34

..

Q-J J'ly

Aug. 10,1901

n

'05,

Q-J

6

450,000
8
8
2,000,000 Merged wi I1A111 Trust
1,000,000
698,075
4,000,000 5,949,191
16
12+4
46,675
250,000
14,244 Began Jan 3,
200,000
12
12
3,000,000 3,617,532
257,748
750,000
6
6
8
8
1,500,000 1,684,022
500,000
447,335
6
6
1,000,000
577,970
"
6*
187,170 "e
1,000,000
200,000
13,964 Began Mayl,

1909 F-A
Tunnellst5s
60
60
1914 J-D
Northern Trust Co Bk
Debent 6s
90
80
1936 M-N
•Consol g 5s
75
90 «g Royal Trust Co
West DivCity Ry 4 48..1932 JUnion Trust Co
88
97
Western Trust & Sav.
West'rn Stone Co 6-20 5s. 1909 A-0
Woodlawn Tr&Sav Bk
Note.—Accrued interest mus t be
price s.
Also paid 12 4% in Dec, 1903, in stock of First Crust & Savings tUaK,
Includes apeoial dividend
* Bid and asked prioes; no sales were made on this day.
t No price Friday; latest price this week.
a Due Dec. 31.
h Due July.
b Due June, c Due April.
fc Capital and surplus to be increased.
||

4 Nov

42

l'oJ'lyio

23

OutstandSurplus <t
ing
I*roiits
Stock

NAME
Calumet National

100 4
103
103
104 May'05
103 Apr'04
55
64 4 Apr '05
104 4 J'ne'05
104 1044 104 J'ly'05
974102
98 Feb '04

J-D

10
Oct
142 4 Nov

7 4 Oct

319
P ColOO
100 2,190
Western Stone
100 2,485
f This is new stock.

High No Low High Bankers National

.

Chic
Chic
Chic
Cnic

Feb

Chicago Banks and Trust ComDanies

Friday
Aug. 18

Last Sale

7i 106

50
151

Unit'd Box Bd <fc
Do pref

Chicago Bond Record
CHICAGO STOCK EXCH'GE
Week ending august 18

8

1734 Nov
36 Nov
147 4 Nov

99 76 Apr 110 4 Nov
3534 j'ne 47 4 Jan
75 J'ne 87 Nov

84

4

34

Jan

Feb 25 114 Jan e
46 Jan 25 92 J'ly 10
86 4 Jan 4 98 4 J'ly 26

"l^

14
3

83b

•33

Aug

104 Nov
1>4 Nov

98»8 Feb 1104

J'ne'05 People's

14

8 78
34 4

8
34

34

62
12334

10 4 Dec 12
50 Jan 52
17 J'ne 20
7

Dec

99 5»Mayl8 110 34Apr »

Last Sale

l 8*

4

L& C'kelOO

National Carbon
Do pref

Aug'JU5

6,400

100
St Louis Nat St'k Ydsl 00
109"8 109 3« 1094 109 ^ Swift & Co
100
*85
'85
92
92 The Quaker Oats Co. 100
93
98
974
Do pref
100
97 4
l/n Stock Yds(SoOm)100
Last sate 'W°8 Dec '04 Union Bag & P Co ...100
Do pref
100

4H0

•109

>

May'05 Page Woven Wire Pence

65

*

100
100
100
100

Pullman Co

109 4110
88
88

64

79 4 Dec
123 4 Sep
40 4 Dec
''44 Oct
198 Mai
40 Nov
110 Feb

5234 Augl6 65 a4 Apr 3
643 110 34 Augl7 1204 Marie
1,121 41 Jan 25 67 4 J'ne24
110 Jan 5 120 J'ne,19
6 Apr 20
5 34 May 19

Last Sale 116
Last Sale J34
lOlKt

124 Dec

1,295

Feb '05 Chicago Auditorium
J'ne'(i5 OhicBrew'g&Malt'g

46

46

•134
134 13 4
*103 103 4
I04
143^143»e
143 3* 144

52

Last Salt 10
Last Sale I
Last Salt 6

4

4

J'ly'05

111)

52

-

*3

*6

157

40

Last Sale

Last Sate ?44
Last Sale ?<?4

•114

4

132

40

«

•10

»3

165

40
110
52

*

«10
4

46
*1?A
103 4 103
143 143

H

ll's

7o 34
704 70 4
Last Sale S2\ J'ne'05

70

132

62

"10
*6
155

160
46

114

100
100
American Can
100
Do pref
100
Amer Radiator
100
Do pref
100
Amer Shipbldg
100
Do prof
100
AmerTdc S Rank.... 100
Booth (A) & Co
100
Do pref
100
"al <fc Clue Canal & D100
Allis-Chalmers
Do pref

3

La st Salt. WS 4* Aug'05
Last Sale 198
May'04

»»

• 34

H4

70

•90
xl32

132

•52

*6
*

69
•90
130

3

11 34

'05,

-J J'ly •05,

14
14

Mar

'05,

&

Sav.

Bank

Q-J

J'ly

'05,

J'ly
J'ly

'05, 3
•05, 3
'05, 2
'05, 3

I

4
3

190

n

Q-J riy

F-A Aug
Q-J J'ly
190 5.

'05,

14

——

—

Aug.

—

'

THE iNKW VOKK STOCK
WEEKLY AND YEARLY

TBA.N3ACriO.NS AT
DAILY.

Gas ">s g
Kansas City Gas

.lar.ksou

Aug 18
1UU5

Hat Iroaii

Par value

Share*
429.531
036,060
75968,683

$36,680,600

$745,000

86,7 15, 000

1,184.384
909, 311

113.326,100
79,121,100

8,348,000
2.816.700
3,800.000
3,246,000
2,044,600

Saturday

Monday
Wednesday
Thursday

71,350,660
-J. 800

Bauk

.

$531,500

s

$8,500
$3,473,000
16,000,700

$15,500
423,000
16,233,000

$392,400
119.103.250
673,313.700

.

$20,387,200

$16,671,500

$692,809,350

BONDS

Government bond

Weekeiuling

Unlisted
shares

Listed
share*

1VVS
Saturday

Monday
Tuesday
-

Thursday
Friday
Total

$436,300
«4'i'.'

4,2.'

080

t. 2

10

408.1

>

$412,851,980

Philadelphia

\

Bond
sales

17.215
10,158

47,329
47,984
21,571
37,721
21,565
29,453

66,726

$130,000

205,623

2.002
7,727
10,864

168,009;

18,761)1

Bond

Unlisted
shares

Listed
shares

$16,500
26,000
6,500
25,000
9,000
47,000

14.247
27.218
22.925
38,9ia
44.150,
20,667

Review

of Outside

Street Railways

Market will

Bid

NEW YORK CITY
Bleeck St A Fal F stk 100
1,1st. wort 4s 1950 ..J-J
| By A 7th Ave stk ..100
.amort 58 1914 ...J J

34

94
243
104

•

Ask
36
98
248
107

Con 6s 1943 See Stock Exch
B'waySnrf l9t5sgu 1924 {108

list

tCent'l Crosst'n stk.,100 340
6s 1922 ...M-iN {117
Ulst
JCenPkN & E B stk. 100 206
TJChr'tTA 10th St stk 10U 175
Cokfe 9th Ave 5s See Slock Exch

360
121
210
185

M

I

Dry

D tuBA 3—

sales

4.734
11.666
12,070
11,802
29,709
16,411

$67,676
60,500
62,600
30,500
12,500
37,000

$240,675

86,392|

114
100

1932. ..J-D
flScriu 6s 1914 ....F-A
t Eighth Avenue st. ..100

390
103

6s 1914 ....FA

tffcerip

no

list

be

found on a preceding page.

Street Railways

Bid
IJLouisv St5sl930..J&J «113
Lynn& Bos 1st 5s '24. J-D {110
New Orl Bvs& Light.100 32 %
Preferred
75
100

116
102
400

G r St F'y stk. 100 400
42dSl M
StN AV..10O 50

410
70

107
80
214

109
85

.

<fc

list mort 6s 1910 .Mb
'.2d income 6s 1915 J J

InterborougliBapTr.lOO

New 44s

215

Coll trust 5s gold notes
1909 optional... .M-N

1st 4s 1948

ConsTraoof

398
100
Deb 5s 1906
JJ
Union By lat 5s 1942 F-A {110

W estcheat 1st 5s '43 J-J Hio

N J. ..loo

MS

No Hud Co By 6s' 14 J-J
5s 1928
J-J
Ext 5s 1924
M-N

415
101

Preferred
48 1951
H West Chicago St

HCong

Gas Securities
NEW YORK
Cent Union Gas 1st

5s 1909. .A-0 {102

5s

HA W

A-O

113

En

Nassau

1949

See Stock Excli
Elec pre!
100
75

6b 1944
A-O 110
1st 4s 1951
See St k Exc
N Wb'g <fc Flat 1st ex 4 4s 101
Stcinway 1st 6s 1922.J-J {119
0T11EH CITIES

5s.

103 V, Con Gas (N Y)stk. See 81
114
Conv deb 6s ctis 6'eeStk
HMutual Gas
100
New Amsterdam Gas
101
1st conaol 6s 1948.. J-J
245
N Y & East Biver Gas—
1st 5s 1944
J-J
Consul 5s 1945
105
J-J

Gr ^l4NewlSt5s'06 F-A 100
Ui .it &Lorlmer St 1st 6s 102
Kings Co. Elevated
i»t 4s

5s 1936. ...M-N

113

See Stock
h list
E 5s 1933. .A-O 100
£
Brooklyn City slock... 10 242
Con 6» Sec Stock Excli list
Bkln Crosstn 5s 1908. J-J 101
Bki. Hgts 1st 5s 1941 A-O 104
Bklut^Co&Sub Seeiilk Exch list
Bkiyn RapTrau See Stk Exch list
1'oney Is. & Bklyn ..100 310
lal cons g 4s 1948.
99
100
BrkCdfc N 5s 1939. J-J 113 115
I in lit

100

J-D
.... 1 00

1124

BBOOKLY*

Ave

N Y A Richmond Gas.100
Nor Un 1st 5s 1927. M-N
'[Standard Gas com ..100
1

Preferred

1st 6s 1930

100

M-N

list

100
Preferred
113
Bay State Gas
60
h list Bingham ton Gas 5s 1988
Brooklyn Union Gas dab
104
121
6s 1909 conv '07...
Buttalo CitvGus stock 1 0<i
1st 5s 1947 See Stock
Consol Gas of N J .... 01

MS
1

<

Grand Rapids Hy

Lake

A

.100

3

5

J-D
EleolOO

24
74
100

28

1949. ...MS

«fc

{77s,

77^4

81

82
109 4
114

loo
|im

....

65'«

91

Grand Rapids Gas
'

t

6s 1915

J

{

7H
107-

98 S 100

!

30

12%

100
Franklin
100
100
llGold A Stock
Hudson River Teleph 100
J
Teleph...
100
UN
^Northwestern Teleg. 50
Pacitio & Atlautlo
25
Atlantio 26
11 Southern A

Y&N

10
6
32
72

Klictro.Pneum'ioTranlO
Empire Steel
100
loo
II Preferred
<fe Tenn Copper
6
Gold Hill Copper
1
Greene Con Cupper. ..10
Greene Consol Gold... 10

167
125

80

86

101

105

Ho nek
1I5s

l,:in.l,V,

II

107

6

7

102
24

108

{94

96
88

30

12

36
26 4

804
105

H

35

2

5

200

M-N {1024
2

100
100

Oil

Deposited stock
Undeposited stock

20
110
160

4
4

Stubs
250 275
Pitts Bess A L E
50 t 33
36
Preferred
50 t 72
77
Seaboard Air Line
Coll ir 5s 1907 op...M-S 100
101
SeaboarrtCo.... See Bait Exch list
Va A Southwestern. .100 50
,

Industrial

and Miscel

M-.N
UManhatt Beach Co. 100
Manhattan Transit
20

Mex Nat

134
30 4
79 4
30
69
9
47
108

88%
79

16%

105

160

414
744
25

90

94
24

t

13
3
13

114

Construe. pf 100

Preferred
50
Mont A Boston Consol .6
Mortgage Bond Co. ..100
Mosler Safe Co
100
Nat Bank of Cuba
100
National Surety
100
llNew Central Coal
20
N Y Bisouit 6s 1911. M-S
N Y tge <fe Security .100
UNew York Dock
100
IJPreferred ..."
100
N Y Transportation. ..20

115

20
70

Mine Securities
5
Mitchell Mining
10
Monongahela R Coal.. 50

Nor Am Lum'r <te PulplOO

A

Smelt
Alliance Bealty
100
HAmer Bank Note Co. 50
American Can com... 100
Preferred
100
American Chicle Co. .100
Preferred
100

loo

1.

1

'

6

6
2

7

I

l

4

25

1'.,

114

M

1034

Algoma Cop

140
41
74

2d 6s 1919

PriorIieng44s'30M&S 106 109
Con mtg g 5s 1930. J&J
92
96
Income 5s 1930
15
25
Fort Worth A Denver
City stamped
100
71*4
Northern Securities.. 100 188 1894

{105
{124

165

f

Preferred

4

103 4
3

27

Internat'lBankingColOO
13 K
Int'n'l Merc Marine. 100
30
Preferred
100
79
Col tr deb 4 41922op'07
25
International Salt
100
64
1st g 5s 1951
6
International Silver. 100
40
Preferred
100
1st 6s 1948
J-D {107
Japanese new 44s (w i).. { »84
79
Lackawanna Steel. ..lot
16 34
Lanston Monotype
20
Lawyers Mort lnsur.100 182 s,
60
1JLeh& Wiikesb Coal.50
Lord A Taylor
100 10.1%
Preferred
100 103

1144 Madison So Garden. .100

2^4
23

1

25

IlLonllard (P) pre! ...100
Mack iy Companies ..loo

&

HI

109

>.

Alb

28 4
38

3

IlliplOO

Preferred

3
5
Brooklyn Ferry stocklOO
B& NY 1st 6s 19.ll.JJ 106
N Y <fe E R Ferry stk.100 71 72
93
M-N 92
1st 5s 1922
N Y& Hob con 5s '46. J-D {109 110
Hob Fy 1st 6s 1946 M-N {1104 112
N YA N J 1st 5s 1946. J-J 2100
NY A So Blykn Ferry <&St
99 100
Transp 1st 5s 1906M-N
40
60
10th A 23d Sts Ferry 100
96
1st mort 5s 1919. ..J-D { 95
27
28
Union
Ferry stock .100
H
97
M-N 96
Hist 5s 1920

44

4 4

f

Hudson Realty

Ferry Companies

25*

24 4
I

Mill

1910

Houston

7

42

I....

1st 6s 1922
M-S
Herriug.Hall-.Uarvinloo
1st preferred
100
2d preferred
100

Chicago Edison Co See C Incago list
KiugsCo El h& P Co 100 196 210
Narragan (Prov) El Co 50 100 I114
NY A Q El L<fePowColOO 51 58
85
90
Preferred
100
25
United Electricof NJ100
48 1949
J-D {74 4 75

%

4

r

Preferred
100
1st g 5s June 1 "22. J-D

HeckerJonesJew'l

26

4
6

Havana Tobacco Co. .100

Electric Coinpaaies

4
14
194

35
63
104

100

Preferred

75

24
1

loo

Preferred

30

17

11

87

12%
(64%

101
103
143 4 ;43%

S4

120

3%

6

Greene Gold-Silver
10
GuggenheimExplo'n.lOO
53
Hack e sac k.Mrai lows 100
125
Hackeusack Water Co—
93
Ref g 4a 52 up 12... J J
107 4 Hall Signal Co
100
128
Havana Commercial. 100

80
47

8
10

LOU

Ga

Telephone

Kmp A Bay State Tel

12
10

i 1

27

llCruciolo Steel

HGeneral Chemical ..100

<fc

l

115
100
115
130
45

120
42
105
180
1824
24^ 29%
70
80
a*
8

1%

3
2
UOntario Silver
100
64
61
Otis Elevator com
J
100
109
liicago list
114 Preferred
100 107
{10d lu9
24
70
70 4 Phoenix Securities..
t
105
26%
{103
127
132
Pittsburg Brewing
50
49
47
98
102
Preferred
4
50
30% 30»4 Am Ice Securities
See Stk E x list Pittsburg Coal See Stock Exch list
4s
81
82
6
Am MaltingOs 1914. J-D 105 s, 106 Pope Manufacturing.lOO
Exch list
77
74
14
100
American Nickel
1% 1st preferred
lo t
21
Exch list
17
95
102
2d
preferred..
100
Amer Press Assoc'n.100
4
105
424 42% Am Soda Foun com. .100
2
Pratt <fe Whitu pref.,100 100
4
93'(,
170
57
62
Realty Assoc (Bklyn)lOO 165
1st preferred
100
914
109
111
91
7
Royal Bak Powd pref.100
11
2d preferred
100
35
63
45
61
197
Russell
202
A
Erwin
American Surety
4
25
4
50
85
Am Tobacco (new) com. 320 340 Safety Car Heat<fc Lt 100 285
.15
Singer Mfg Co
Prefd
100 615
See Stock Exch list
25
list
Standard Coupler comlOO
4s and 6s
See Stk Exch
Preferred
loo 120
Am Typefo'rs com. ..100 35 40
7
8
99 101
Standard Milling Co. 100
Preferred
100
31
36
4 4
Preferred
Amer Writing Paper. 100
6
100
no
78
60
{108
30
30 4
5s
Preferred
100
k Exc h list
874 S ta ndar'i 01 1 of N J . 1 00 *\il0 620
5s 1919
Jj 87
Exch list
Storage Power
4
Arizona Con Mining.. .50 t 29 4 30
50
280 300
2
Swift A Co See Boston St k Exc h'ge
Baldomero Mining...
"174
{1023«
22
1st 5s 1910-1914. ...JJ
11 Barney A Sin Car ...100
30 4 32
{1114 113
Tennessee Copper
26
1i Preferred
100 127 4 130
80
75
34
Bethl'm Steel Corp... 100
35
UTexas <fe Pacific Coal 100
114
91
}113
1st 6s 1908
Preferred
914
A-O {105 110
loo
195
112
190
ill"
103
Title
<•oll.tr. g.s.f. 6s 1914....
Ins Co of N Y..100
14
13'4
36
Bliss Company com
60 148 152" Tonapah Min (Nevada). 1
19
17
108
105
145
Trenton Potteries com 100
Preferred
50 130
130
150
96
96
4
Bond& Mtg Guar. ...100 405 120
Preferred new
100
66
170
17s
156
Borden's CondMilk..lOO 170
Trow Directory uew.,100 60
112
1%
109
14
Preferred
120
Union Copper
lo t
100 115
90
85
Union Typewr com.. 100
British col Copper
8
5
120
a
Camdan Land
1st preferred
100 117
3
ie
Ha
117
136
2d preferred
loo 114
Casualty Co of America.
3';'«
36 »
100
99
100
Celluloid Co
United Copper
100 130 133
80
78
1044 105 4 Cent Fireworks com. 100
100
14
Preferred
18
200
lOiPreferred
68
%«
4
72
U S. Casually
100
31
28
100
4 '4
498
Central Foundry
loo
4 4 U S Envelope com... loo
92
90
100
21 '4 22
Preferred
100
H Preferred.
774
78-s
ISO
172
79
MO
Deb 6s 1919 op '01M-N
US Bobber 2d pl(wi) 100
6
7
Central Leather
Set Stk E X list U B Steel Corporation—
84
J 112
Kxch list
Century Realty
164
Col tr sf 5s '51 opt '1
100 158
1
34
}112
ISO
Coltrs 5s \>1 1101 opt
Ciiesebrough MfgCo 100 440
128
186
[ndem.IOO
96
lo7i.. 111
City Investing Co...
|92
U ST11 <iu A
7
6
Universal BlTB Ext'r.100
!ui(H ilicom
100 104
1
{110
st preferred
Universal Tobacco. ..100
92 4
LOO
100
Preferred
2d preferred
98
100
325
270
Colo Industrial. See stm
Ex list
Weeteheater >t Bronx
Ouar Co. ie>< 176
Coi& Hock UoaUa pi IOC
ho
Title A Mm
65
1484
VWsiin/.'li Air Biake..60 148
48
lstg5s 1917
f-5
J-.J
80
%
%
tw 1)..
5s
62
White Knob
pressed Air Co. ..loo
1'4
0'/
1%
Pi. -i. red w 1)
olni
u Healing 100
05
1.4
104
}]')!
W01 thing Bump pre*, in" ll.s
'uiin Flrew'ks com .100
20
110' 4
M'roferrod
loo
07
71
iUlzEkUv fNow stock, 'j Sell.i on Stock Excliau^.-, bill uot a very active secunty
100

t

120
70

130

t

I

I

i

'.

I

t

I

i

t

1

,

'

1

1

1

Mm

i

'

I

1

:,

1

1
1

f

1

FA

st (Chic) El
,s>e
Hudson Co Gas
100
bicago list
{B:iyer pays accrued interesU 1 Price por share. tSaleprice.
I

a

77
127

30

loo
Preferred
100
EleotrlO Lead Ki'duc'u.50
Preferred
50
Electric Vehicle
100
Preferred
100

A-O {110

Gas 5s 1937. J -J

38

:'.'•.

Electric Boat

Pow-

Ill

Debenture -is
Cons Storage Battery loo
Cramps' 8b .t En ithigioo

Ask

7\

t

OTHER CITIES
Amor Light* Tract. 100

Buffalo Street By—
JJ
1st 6s 1930
1st consol 5a 1931. .F-A {1124 114
rimers' L H A Puw
Deb 6s 1917
A.O {1<>6 li)7
J-l'
6a LV38
Chicago City By
« Detroit
84*
Incago list
City Gas.
Columbus (O) si By. .100
1004 Kli/.aheth Huh Lt Oo
Preferred
loo 109
liov Essex A Uodsoi
Colum By cou5s See I'h 11a list
Fort Wayne 6a 1925.. J -J
Crosat'wn lst5s'33.Jli ) L08
in Gas<fe EJ Bergen Cu..l00

^referred

LIU

Bio

Douglas Copper

11

1933
J-D 108 4
New'k Pas By 5s'30J-J {113
Bapid Tran St By.. 100 255
1st 5s 1921
A-O {109
21
J C Hob & Patersonl 00
4s g 1949
M-N {764
So J Gas El <fe Trac 100 125
{102
Gug5s 1953

M

Con 5s g 1931

27

M-N

H

vjTwenty.Th'd St stk 100

77

{964 974

North J ersey St By 10U

V

YkerBStRK5sl946A-0 {106
28th <fe 29lh Sis 1st 5s '96 {1124 114

Ask
113%
112 4
32 4

North Chic Street See C hicago list
Pub Serv Corp of N J100 115 118
70
Tr ctf s 2% to 6« b perpet 69

ifcPav Eos See til k Exc list
Pat City con 6s '31. J-D
Metropol Securities See Stk E £ ll8t
2d Os. ...1914 opt A-O
Metropol Street By See Stk E x list
So Side El (Chio)
See C
Ninth Avenue stock. loo 190 200
Syracuse Bap Tr 5s 1946
Second Avenue stocklOO 205 210
103
Trent P <fe
5s 1943J-D
\ 1st mort 5s 1909 M-N {102
116
United Bys of StL—
Consul 5s 1948.... F-A {115
170 178
Com vot tr clfs
.tli Avenue stock 100
100
tfPref erred
Sou Boulev 5s 1945. .J-J {102 106
100
Men 4s 1934.... 6'e« Stk
So Fer 1st 5s 1919. ..A-u {105 108
UnitBysSauFran AeeStk
Third Avenue See Stock Exch list
Wash By A El Co.... 100
Tarry \V P A
108
5s 1928 {105

LexAv

Allan

.M-N

Railroad
Susq 40yr 34s cts {114
{89 4 904 Ohio Peo A St L pref.100

1st 5s

lllst gold 5s

\ 42d A

I

1i

Outside Securities

•

tis'2

Industrial and .Hlsoei
Ky Ltad Retttg.lOG
Conaol Rubber Tire.. LOO

UPreterrou,
LOO
Cuban 6a <>• L896
tjpiamond .Match Co. 100
Dominion securities. 100

1

Aug 18

A Weekly

60
103

36
AmerTeleg A Cable 100 90
So Amer. 100 127 4
Cominer Un Tel (N Y).25 115
<|Oentral

EXCHANGES

Wednesday

Cong6s

II

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Boston

101

loii

IndCNat*.

St Joseph

3,530,865
70,933,041
5.186.596
+473, 745.450 $329,874,660 $15,000,550,375 $6,693,769 775

$10,000

106

IS

1904

$1,000

04
97
40

Lat8a'25.J-D

1st 6s 1926
Pit A Pas Gas

$8,600

Aug

1

1

100

5a 1988
1IO«8>
K)

161,681.488

shares, par.

Total bonds...

1 to

1905

1904

1905

B U. and mis. boud

No Hudson

Telear

!

A-O

l»

110
96
36
80
24
28
110
Mudis. 11 Has lis 1920. A-O 1106
{137
Newark Gas 6s 1944. Q-J
91
Newark Consol Gas.. loo 90
S-D H09H
HCon g5s 1948

WabV

I

I

January

Week ending Aug IS

Exchange
Par vaiue

$137,000
363,000
831.00
607,600
686,000
964,600

$16,900,700 $3,478,000

5.186.596 $473,745,450
Sales at
Sew York Stock

stocks— No. share

Bonds

1

loo

Latay'oGas 1 st

U S
Ho nds

State

<tc

Bonds

28

I'ons

A..0

'37.

1|Preferred

Stocks

H'Mfc 'tiding

4t«

2

50

Laolede Gas

•

Sid

Gas—
M-N

Indiana Nat A; 111
1st lis 1908
[ndianapolls oas
1st b 5a 1969

KX.CHA.Niik

659

Etooaritloa

(iii>»

Business at Stock Exchanges

oi

'

THE CHRONICLE.

19 1905.1

Volume

1

.

1

BOSTON STOCK EXCHANGE-Stock
*tmre Pricea — Not
Saturday

Aug

Monday

Tuesuaii

It

Aug. 15

Aug

>2

I'er

<

STOCKS

'i-niiim l*rice«

A tin

lf>

Range

Sale/,
01 the

BOSTON STOCK

Friday
Ana 18

Thursday
Au<l 1?

Wednesday

Weekly and Yearly

Record, Daily,

Year

lor

liange tor Prerjxoui

1905

Year (1904)

Week

EXOHANOK

Shares

Lowest

Highest

Lowest

Highest

KnilronilH

89 V
•103^

•255
158
•248
•177

104>4 1"!

265^
158

[04

178

17m
175

175
'307
27
'74

27
75

170

170

•

125 h 120

*

299-,

178

178

111"

310

27
•74

28
75

•307
27
•74

170
126

*18V 19V

V

19

61V

62

19

60 V 6 V
1

•224 28V

*23V:

208

..210

1H4V10514

250

266

155

146
•83

27 V
75

208

171
126

*...
*
•

14
55

97 V
79 V

97V

'

10
65

79

79

•14
•55

16
66
98

98

•97V

182", 133

•98 '4

300
146
86

•84

•97
98
11334 114

5'7

2.1V

*74

27
75
171
126

146

146

•84

86

•

62

62

'207

Last Sale
208

Last sale
*207

210

Last Sale
60

63

56
98
98
133-4 134
99
99 V

V 97 V

113VU4
28 V 28 V

•97
'113

•65
56
•98 V 100
134 136
•9SV 99 V

98
114

97 V 97 V
•113 114

56

66

'96V
136-4

•98

V

2

104-4

•

1

Last Salt
'65

>

1

9!V 91V
Last .Sale
18V
207

90 V Atch Top

2,77" 77*6 May 20 98% Mar 9
<fe Santa FelOO
Do pref
106
83 H9VJan2f 105 V Augl7
Roston
254 V 255
& Albany. ...100
79 264 Jan 3 261
Apr 4
Boston Elevated
100
....
28.0 [68
Aug 8 58 V Apr 2b
.'i:i
Ang'05 Boston <fe Lowell
IO0
1241 May26 249 MarlO
3.".'.'
178
178 Boston & Maine
100
rl72 J'ne 2 185 VMarl4
Do pre!
100
171
Jan 6 175 Apr h
•310
Boston & ProvideneelOO
JaD 18 310V Aug 8
6 J06
320 13VJan 17 35 Mai'22
25
26 V Bosion&Wor ElecCo....
74
Do pref
74
86 63v Jan 17 82«aAnrl3
'
171
ChicJuncKy<fc US Vloo
10 150 Jan 13 182 MarlO
•
Do pref
126
100
65 121 Jan 9 132 Feb 8
180 Jan 4 189-4 Mar25
/«?V J'ly'05 Condfc Mont Class 4.. 100
H7
Aug'OO Conn<fe Pass Riv pref 100
160 V Jan 19 167 Augl"
*
299 Connecticut River... 100
26 285 Jan 12 300 AuglO
-146
FltchuuTg pref
08 42 Jan 3 148 Marl5
100
*82
85 Oa Ry <fe Electric... 100
60 59 V Jan 16 86 J'ly 29
*91
Do pref
100
95 86 Jan 4 93 J'ne2i
91V
Maine
'65 V J'ne'05
100
175 Jan 24 185iaJ'nelo
Central
167 13VKebll 23 Apr 8
100
18V
18V Mass Electric Cos
Do pref
6I-4
100
682 55 v Feb 11 70 V Mar30
61-4
'io\
19 34 May 1 25VMarl4
100
J'ly '05 Mexican Centrnl
667 195 V May23 211 ADrlT
207V 208 N Y N H & Hart.. ..100
165 Jan 19 167-4 May25
100
16?\ May'05 Northern N H
Norwich <fc Wor pref loo
10 232 Jan 24 233 May23
•207
Old Colony
1 205 V Jan 6 212
100
Apr 26
79 Jan 9 102 Feb 14
100
y?V Aug'05 Pere Marquette
Do pref
100
311 77 J'ne27 87
Feb 6
79
79
*
140 60 Apr 3 72 Jan 19
100
63 Rntland pref
15 Jan 13 17 Mar20
1.5
J'ly'05 Savannah Eleo com. .100
58 Seattle Electrio
100 "ib'o 50 Jan 5 58 Auglfc
68
Do pref
100
87 93 V Jan 9 100V Feb 25
98 V
98 V
100 5.020 113 Jan 6 137V AuglT
135*8 137 V Union Pacific
loo
Do pref
33 96 May23 101=8 Feb 20
99
99
Vermont*
172 Jan 18 175 Mar 2
100
Mass
Z74V Aug'05
46 93 Jan 3 100 J'ly27
97-4
97-!
*113
Do pref
35 112 Jan 3 117VApr28
50
114
Wisconsin Central ... 1 00
200 21V Jan 27 28V Aug 14
55 V Augll 55 V Augl
Do
pref
100
55V Aug'05
146 Mar20 147 Mar28
147
Apr '05 WoicNash& Roclu.lOO

M4

1

e

/

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

79 V 79 V

133 V 134
*98V 99 V

M*V

«(

Last Salt
Last Salt

300
146

•207

208

208
.

s

178

'

232 V 232 V

•207

1

*

•18
19V 19V
\9\
"01
62
62
62
•23
•23 V 24 V
V 24 V
'207
207 208

2414

195

s

-310

V

91V

•91

V

n

178

178

126

146
87

256

IBS
/,

•

-iWi

89 "«

90V 91

90 V
104

•24.1

178

145»4 146
84
84
*9034 91V

•145V 140
*84
»7
*91

"...

34

•248

178

300

•299

1

89*8
90 V 90 V
108 V 108 S lo:t 4
5
•254 25 '4 •254
•153
154 155
:,

'i

25:.

25:".

248

•307
*27 V 28
70
*74
*
170
120
*... ..

90V

S9»8

89«fe

108»«;

137V
99 V

Last Sale
*97 88 99
113 113V

Last Sale
Last Sale

1

Miscellaneous

*5J3-ia

92

6V
27
143 34
•139 "a
139
37

7V
28
144
142
139
37 > 8

1023b 102-4
•3*8

117

*

184 88 184-4
49 V 49 V
87ia «7=8
*191 1'93'Si
1'4

137*8 1377e

*1V

*11

13

262
*9V 10
*109 111
•22
•20

249

*3V
lOti ia

7-4

29 V
143=a
140
142
39
10334

144V 144V
39 VI 41
139 141V

•1

2334

23*8

92 V
8

92

29V 29V

29

23
92
7

7-,

29

4

144-4

140
144

144
•139

145V

140

24 34

V 93

7%

29

1

144=8 145
13H-4 140

144
140

*20

*26

-314

107
83

33 V

3V

5

108
84
33 V

107

84 V

*26 34

3V

•3

107 V
85 V

107
86
33

33V 33V

26-4

27

3V
108 V
87
33 V

26-4

6

5

*

V

•SB
*94

34 V
84-\

«10
2834

10 V
28 34

-50 •
17 V

99
86
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73 Jau
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1 1 V Sep
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285 J'ne
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57 Deo
88 Dec
175 Apr
24 Jan
80 V Jan
1

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159
222
198
74
68
29

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Apr
Apr

80 V Feb79 V Nov

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Jan

40

87 V May

71 8 Mai
86 V Mar
160 May
89 Jan
108 Jan
16 V J'ly
37 V J'ly
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3

42 Feb
95 V J'ly
116*8

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97 V Dec
173 Nov

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43 V Deo
146 V Deo
24 V Deo
87 Dec
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152 V Nov
141 Nov
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8-4

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14

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May

7
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6
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Mar
Oct

Nov
Nov
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22 V Nov
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10 May
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36
72

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Jan

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7

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25
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27-4 28
25 1,495 23 V May 1 29 Aug 1
28
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25
25
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22

22
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14

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J

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104 Feb 8 76 Mai
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pref
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Do
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8 Aug 14
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20 Jan 17 30 J'ne22 17 Feb
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132 Mny22 140VMar 7 122 V Jan
137 May 23 148 Jan 4 119V Feb
9 Feb
21 Jan 23 40=8 Apr 18
OSVJan
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4-4 j'ne 9
3 Nov
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116 Augl7 124 Jan 6 L12VJan
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7 V J'ne

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37
55

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09

50
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136
t\ Id

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oO May 6
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5-4 Jau 20
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7-4 Jan lo
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5
69 £242 J'ly 15 257 Apr 6 230 Feb 265 Aug
Edison Elec Ilium... 100
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General Electric
100
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.0
4,s.
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Do pref
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350
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1 Feb 6
2 Jan 4
88 134 Febl7 140V Apr 27 118 Feb 141 Nov
N E Telephone
100
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1
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8 Oct
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Pullman Co
100
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9
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62 25 Mfty23 26 34 Augl7
25
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100
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4 Jan 6
Union Cop L'd&Mg. 25
95
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103
115
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100
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Feb
2o
United
Un Shoe Maoh Corp. 25 3,519 57 J'nelS 90 Aug 8
360
34V Aug 7
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100
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100
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Do pref
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100
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98* 8 Jan 5 117 V Apr 7 40 V Jan 99 V Dec
100
Do pref
24*
May
33
Deo
38 V Apr 7
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83s
U S Steel Corp
8 May22
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18
31
Aug'05
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3,965
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5,372
19,249
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25
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18
98
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138
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64
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9
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79
78
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100
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33
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45
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6-8 Nov
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11-4 11-4 •
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120 120
327 105 Jau 4 120 Feb 16 69
119 12.1
120 120
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119 119
121
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5
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1 Ex-rights aEx-div. & rights,
1B8I01 e i>ay" till .l.SSl'.-.S'ttJC lalledin 1905 U Before pu y't o[ assess' tsoallb.l 111 190 1. • Bi.t.uulasKed.
.\'e« r stoclc. f Ass't paid.
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!.'

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I'i'.

1908
1924
1907
1944
1906
Iniprovenuiii -Is
Bohi it Hon 3d issue 7s... 1904
Boston Terminal 1st 3 Sis. 1947
1918
Bur it Mo Hiv ix 0s
1918
Kou viftii|it tts
Sinking tuud 4s
1910
1913
Butte it Boston 1st lis
Cedar Kap it Mo 1< 1st 78.1916
1909
•jd 7s
Ceut Venal 1st u 4s.. May 1920
OhicBun A y extend 4s. 190G
1919
Iowa Div 1st 6s
1919
Iowa Div 1st 4s
1913
Debenture 68
1982
Denver hxten 4s
1927
Nebraska Kxteu 4s
4s
1921
s
BA S
1 949
1 Uiuois Div 3 "v.*
Joint bonds tlt» Ut Northern
Yds
stk
6s 1915
Onto Jo Ky <fc
Coll trust reluudiug g 4s 1940
Oh Mil & St P Dub D 68.. 1920
Ch M & St P Wis V ill*- 6sl920
ChieA No Mich 1st gu 59.1931
Mich gen 6s.. ..1921
Chic A
Couconl A Mont cons 4s.. 1920
Conn A Pass K 1st g 4s... 1943
1927
Current Kiver 1st 6s
Del Or Kap A \V 1st 4s... 1946
1913
Dominion Coal 1st 6s
1906
Eastern 1st goklOs
Fitohburg 4s
1916
1927
4s
Fremt Klk A Mo V 1st 0s. .1933
1933
Unstamped 1st 6s
Gt Nor C B A Q coll tr 4s 1921
1921
Registered 4s

W

6s.

t

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or
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97

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117
Feb '04
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FA

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100

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103

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140%

189
189
98
98

49

loll.,

10034 Aug'05

140H.

101%
101%

pays accrued interest In addition to the purchase price for

Shnre Prices—Not Per Centum

all

Tuesday

Aug

Aug 15

108

26%
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74

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86

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107

109

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54

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18
112

70

74

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46%
8%8

47

Hs

109

112

.

89Hi

Hi

4

72%
47

•47

47H2
46 H

47Hi

40% 46%

*61% 62

•6034 61
99 Hi 99 H.

99

4

99 Hi

•86
108

'86

25
25
•88 Hi 89 Hi
55 Sj 55 j4

*53
27 Hi

11

11%

27%
11% ll%

Boston Bonds.

-

No pnoe

17%

17

17
109
71 34
4H>

109
73

Hi

47

Hi

46 Si

46»ib

62

Hi

4l)»ie

62

72

•108
70 Hi

27

71 Hi

72%

73 4

56Hj 56 B ie
4«9i6 47»i«

4h«

46%
8% 8"i«

46

9

56 '4
47 H

28 S.

28Si

55i% 8

56%
47%

*47Hi
•47 '4

4615i,i 47%
61% 61%
99% 99%

62
99

70 34
4

47
62

61%

98 '4 99

24

24

PHILADELPHIA
Inactive Slocks
American Cement
10
Bell Telephone
50
Cambria Iron
50

Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Diamond State Steel. .10
Preferred
10

Easton Con Electric {.50
Elec Storage Batt
100
Preferred

Qermantown Paae

Inter 9m Pow<fc Chem.50
Keystone Telephone ..50

Preferred

6%
49

49

%

%
81

Si

"a

83

Tonopah Mining of Nevl
United N j
k <t C.. loo
1-.

Unit Pow * TraDs....j5
United Trac Pitts
60

Preferred
50
Warwick Iron <fc Steel. 10
West Jersey & seash.50

Westmoreland
leaniioremmi Coal
Coal. ...50
•

ibij%

Atl City 1st 5s g '19. M-N
Balls Ter 1st 5a 1926.J-D
Berg&EBrw l8t6s'21 J-J
Bethle Steel 6s 1998. y-1Ckeife D Can 1st 5s '16 J-J
Choc & Mo 1st 5s 1949 J -J
gen 5s'19 J-J
Col St Ry 1st con 5s 1932
ConTracof X J 1st 5s. '33
E<feAl8tM 5s 1920 M-N
Elec <fc Peo Tr stk tr en-

ChOk&G

Indianapolis Ry 4s. 1933
Interstate 48 1943 ..F-A

Gen

50

N

Honda
E ext 7s 1910 A-O
AniRysconvSs 1911. J-D

Lehigh Xav 4Hjs 'I4.y-J
BRs 4s g
1914. Q-F

82

12

Hj

Consol 6s 1923

108%

Friday

Con

J-l>

JU
Annuity 6s
Gen cous4s 2003.
Leh V Trac 1st.4s ".'9. J

MX

99

100

163

99% Mo
3H
1H
2
13

Hi

269

'4

4

P

107
87 Hi

89
63 Hi

109 Hi

113

1

16

Si

115

'_

150% 152

1%
4

18%
270

'36..M->

6S rl9l0
Consol 5s
L919.
I'liiii it Md Steel coi
Pa it N Y Can 7s '0<;..I1>
Cou 5s 19.19
i'i 11

lieu

11

1

i.12%

4 s 1939
im Steel 1st 5s

Pi upl-

s

'III:

1

P Co
Con&coi

61
89
89

Phil Elec gold trust
Trust certil.s
ceriils 4s
4a

.

Bid ana asked prices; no tales on this day.

02

loss

.M-N

1

.
I

H Ex-nghU.

i.*',|

||

J7

j

00

103

MH

paid.

"i

1-JfiBj,

'.liS

98 Hi

9

Si

J'ly '05

103

1C4

I'll

94 '4
105
106's

IOJ'4

102%

24

25

Si

Sep

I

1)8

:

'hi

May'...'.

M».

Suie

24

76%

'01

j'ly '01

21
J'ne'O.

102S: Aug'04

97

97'.

101
102

97

Si

Ml

101S7

102%
L08%
Hi'.

1

100
100

98

94

i-/

Ml

Ml

J'ly '05
J'ly 'Of
Apr '06

102% 103
Wi\ 103%

Kell'rr.

Mil

106 4
1

Deo '114
Deo'tM

104s4 J'ue'04

Jan '05
Mai '05
lO.iH, Apr'o5

M02»» 1027,
124 '4 125 Hi
M;i i„103 Hi

1102'g

125

103

Si

W& B col

109

111

Inactive Stocks
Ala Cons Coal& Ii on.100
Pre!
100
Atlanta & Charlotte.. 100
Allan Coast Line RR 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou d; Fla...l00
1st pref
100
2d pref
100
G-BS Brewing
100
ill Vernon Cot Duck

BaltTme -I 5s..'29 M N
No Hall DlY&t 1942 J-D
Converlilili. 5s. '06 M.N
1

Eyoon5sl992 -M-N
Ext&
Ext
s
& Imp 5s.
1932 M S
58.1932

T*16pald.

I

tii

t

1

.

>lo paid.

4

'!92«a1I97%

102% 102 Hi
106% 100H1

104

104 7(.

'4

103

'05

1191

:i

4

J

1191

an

and asked.

M9%

Kange

Highest

57

Hi

71

3

5% J'ne 15% Dec

54HiApr 4

J'ne 51 Not
18% May 26% Oct
7% Feb 11% Dec
6HjJ'ly 14Hi Nov
20 Aug 44 Hi Not

Jan 26

49

25% Mar

43

4

3 112

12%Apr27

33% Feb
2% Mar
56% Mai
37% Ma)
May
||5

tl7% Jan 4 $36 Apr 17
39% Jan 13 56 34 Augl-

8 Jan
19 4 Mai

9

Jan 25
J'ne 5

45 May 20
42 Jan 9
58 Hi Mar 9
90 J'ne 5
20 Feb28

48HiMar27

47% 8 Aug 17
47 J4 J'ly 10
63 May 19

126%Aprl8
Jan 17

28

38
28
45 a4
81
19»4

1

'4

117^4

i'is*"

22

8

Charl C ife A ext 5s. '09 J -J
1910 A-O
2d 7s
City & Sub 1st 5s. .'22 J-D
City <fc Sub(Was)lst58'4s
Coal & I Ry 1st 58'20F-A
Col&Grnv lst68.1916J-J
Consol Gas 6s. ..1910 J-D
1939 J-D
58
Ga & Ala 1st con 5s '45 J -J

104
1

02

>4

Bound

M3

II

115

Un Ry.t

El

I.A

I'

105
97

99

\a Mnl

Isl Is '19

L949

106
105
115
108

116%
1

'4

UlHi

115

i'l6Hi

62%

63

31'.

31%

104
120
110'j

85

S,

86

90

116H

90S

M.s

ih
|HJ
1

1

I

112% 113

B.M-S

115

J.J -I
I.Jsl
191 1 J-J
L J J

96

IS

,

Wll

91

113

1921. M-S

>s

pa:<U

2

511.

117

lis
IIS

1

111
123

.It),

1

$20

107

109"

.M-S

i'1'7"

IS
101

Si

M.\

..M-S
911. ..M-S

I

3d
108

'

is

•

<

A,

\S

•

*

113%

.

1st 5s. ..\

I

l-.l

[not

B5

11

J

.-south

ua

.1

Ask

Ms

Ueneral 5s.. ..1941
Norfolk St 1st 5s '41... -I
North Cent 4 His L925 A-O
i-i
Series A 5s 1926
Series B 6s 1926. ...J-J
Pitt Ua Trac 5s 1997.JJ
Poto Val 1st 5s 1941.. J-l
Sav Fla & West 5s '34 A-H
L960AXI
Beaboard v 1.
Saab A ' " i« L926.J '
1

107%

107

Nov
Deo

Mid

Xpt N&O P 1st 5s'38 M-N

445
95

Hi

1

Oct

96 Hi 97 Hj GaCar&Nlst5sg'29J-J
85%
Georgia P 1st 6s... '22 J-J
113^
UaSo <fe Fla 1st 5s 1945J -J
64
65
G-B-S Brew 3-4s 1961M-S
2d income 5s 1951 M N
Knoxv Trac 1st 5s '28A-U
LakeR El 1st gu5s'42M-S
MetSt(Wash)lst5s'25FA
90
94 Hi ilt Ver Cot Dock 1st 6s
Incomes
165
437
90
30
99
73

4

70

43% Oct
10% Dec
19 Nov
41 Hi Dec
Mar 46 Dec
Mai 42 Hj Dec
.la
Ian 59 Hi Dec
M ay 1 08 Dec

MS

112 Hi 113

69 % Dec

1

BALTLHUUE

Ask

106

86 Deo
109% Dec

Jan
J'ne

Chas City Ry 1st 5s '23 J J
Ohas Ry li <fc El 5s '99

117

Highest

Lowest

Mar

18

3

lor Previoui

Year (1904)

Augl2
74% Aug 14
3 J'ne 1
5% Jan 17
65 13 ig May22 73% Marl3
8

Hi

Flat price.

1i

tor Year

38 H, J'ne20
14 Hi May24

40 J4

Hi

91
lllHt

Weekly, Yearly

Daily,

Jan

103
105

103

109% Aug'05

L09HiI"!

48

1,1

AH

1105% IOO?,
WIS Si 11 138
107Hj111Hi

Apr'Of
103 8 May'05
104 Hi Aug'05
M'J

24% May 2 2 28HiJ'ly28
lOHi Jan 25 12%Feb20
10 Jan 9 17 U Jan 27

J-J

(Jeni'l

Feo'03

109' 8 1I0' 4
1197% 1197%
102 Si J'ly '0

Hi

100

97

104% 106%

1053.1 J'ly '('5

tr 4s '21. J -J

BALTLHOltE

'02

1

107

Ry con 5s 1930

'tis of

Mai

99% J'ly '05
100%
00\
HI 05'* J'ly '05
1180% Aug'. 6

latest bid

;

102

99 M MO
105 Si 106 Si

227

Bui

Roch Ry& L con 5s '54J-J
U Trac Ind gen 5s'19.J.J
Un Rys Tr ctfs 4s'49J<fcJ
U Trac Pit gen 5s '97 J J
Welsbach a f 5s 1930. J-D
Wlk8-BG<&Econ5s'55J-J

Bait* PlHtOsml'll

M-S

19

101%
108%

Si

,366
,156

150

Halt Fuiidg 68.1916 M-N
Exchange 3 His 1930 J-J
i

.

60

Hj

11"

I

'

10J' 4

BaltCPasslstos'll M-.\

"'4

'.j

L6% Nov'04

M. ot '82 4s '37. J -J

indent is
6-20 vrls 1926

M..\

,

»>•

Aug'05

83
99

,509

Terminal 5s g 1941 .Q-F

'

Con
I'i

lol
102

100

-'1

1

lis

Lowest

3.10

I

116

ioo'i,

1.1

1905

•23

Itoudn
Anacostia & Pot 5s
Atldfc Ch 1st 7... 1907 .)-.)
Atlan C L BB481962M-9
At coast L(Ct)ctfs6sJ-D

.1

Income is 1939. ..M-N
NoOhloTrac con s'19J-J

1.

I

11

iiiij/i

I

120
78

Si

12SjApr24

,278

M 7a 1911
J-D
6s g 1911. ...J-D
M 4s g '47. A-O

Rochester

XewCoIMia.if.i 19 1- J-lNewark Pass con 5s
N VPh<fcXolst4s'39.l
N"0 I'enn 1st is

Con

50

M2Hi

Ml

Mange

>565

Ex Imp

126"

102

94
104

75

tht

,475
,139
,4o4
:728
,408

ConM

90

- 1 >

107

J'ly
J'ly

P & E ger M 5 g '20. A-O
Gen M 4sgl920..A&O
Ph & Read 2d 5s '33. A-O

109

J'ly MS

120

,650 100 Hi J'ly
,523 52 Hi Jan

PHILADELPHIA

Ask

4.%8g.l924.Q-l

Leh V C 1st 5s g '3.;. .J-J
Leh V ext 4s 1st 1948. J-D
M-S
2d 7s 1910

02
65 Hi

108

M

70
24

399

100
Lenigli C & Nav tr ctfs. 50
Lehigh. Valley
50
Marsden Co
100
Pennsylvania. KR
50
Pluladelp'a Co (Pittsb) 50
Philadelphia Electrict. 25
Phila Rapid Transits. . 50
Reading
50
Do 1st pre!
50
Do 2dpief
50
Union Tracton
60
United Gas Impt
50
WelsbachCo
100

Eq HGas-Ll8tg5s 1928

Keystone WatchCase. 100
Lit Brothers
10
Little Schuylkill
50
Mlnehill & Schuyl H..60
Haven Iron & bteel.5
Northern Central
60
North Pennsylvania. .50
Pennsylvania salt
60
Pennsylvania Steel. .loo
Preferred
100
Phila Co (Pitts) pref.. .60
Phil Oermau <fc Norrts.60
Phila Traction
50
Baiiway* QeneraJ
10
8uM)ueh Iron Ac Steel..
Tidewater steel
10
Preferred
10

Mid

H & B Top con 5s '25 A-O
25% 26

J-J

4,126

Philadelphia
American Railways.... 50
Cambria Steel
50

Al Val

7

58Hi

100
60

Harrison Bros pref...loo
Indianapolis St
100
Indiana Union Tr
100
Insurance Co of N A.. 10

PHILADELPHIA

Ask

Mid

Si

Sj

Mayl6 90 Apr 13
May25 110 Feb 24
21% Jan 16 26%J'ne30
83 Mar23 90 Hi J'ly 6
1,267 47% Jan 24 67 J'ly 10

Lake Superior Corp

108% 109

28% 28 7*

46% 46%

Hi

17

17

28%

102

123
242
895
175

11% 11% Electric Co of America 10
•11% 13 Gen Asphalt tr ctls
100
*44'4 45%
Do preftrctfs
100

17
109
72

Si%<i

9

98%

53%

72Hi72l%8
46
46

46%

46
8 16 16
28^4
54'4
4 7 Hi

53H2

27%

4%e 4%e

72%

Hi

54

27 Hi

11% 11%

4%o 4% 8

62

98% 98^

15

17

72H,

703«

4»4

47

17
109

109

72% 72%
46

90

lol

''

r

11 (i

100'* Nov'Oi

A-O
A-O
A-O

Sales

100
107 Northern Central
50
Seaboard (new)
100
*25Hi 26
Do
pre!
100
89
1st
Si
•88 Hi
56
56
Do 20 pref
100
15% 16H, United By & Electric. 60

"24% 25%

*53
27 Hi

J-J
J-J

FA

Baltimore
Consolidated Gas

*86% 90

9 IS.

:

FA

107

*65% 56

54

54 Hi
27 4

Aug 18

88
108

'

A-O

(For Bonds and Inactive Week
Stocks see below)
Shares

Friday

1?

15

54
27 Hi
Hi

Aug

l4Hi

8% S'%6
8% 813 19
28% 29
28% 29
J
54U
54% 5> ie
1S 55 Hi

fe%6

53%54i% 6

46%

17

;•

29 Hi 29 v

•47

17

86
109
25 Hi

55 Hi 56
14Hi

Thursday

Wednesnaij
Aug 16

MS

l'.."_"_'
Line 1st a lis
Repub Valley 1st s 68...1919 J-J
But land 1st con (ten SjS.1941 J-J
Ktitland-tJanadian 1st 481949 J-J
Savannah Klee 1st cons 5s. 1 052 J-J
1930
Seattle Elec 1st g 58
Torrington 1st c 5s
1918 M-S
Uniou Pac K R A 1 gr g 4s. 1947 J-J
1st lieu conv 4s
1911 M-N
United Fruit conv gen 68.1911 M-S
U S Steel Corp 10-60 yr 5s. 1963 M-N
West End Street By 4s.. ..1916 K-A
Gold4Sj«
1914 M-S
Gold debenture 4s
1916 M-N
Gold 4s
1917 F-A
Western Teleph A Tel 5s. 1932 J-J
Wisconsin Cent let gen 4sl949 J-J
Wisconsin Valley 1st 7s.. 1909 J-J

ol

6a turn ay
Aug 13

.I'nr

98>.,

1905 J-J
1024 FA
k 4s.. 1946 J-l)

ACTIVE STOCKS

I'rices

'h

108
A
L28Hi

123 Si
98
91
104 V
lots,

MS

Exchanges— Stock Record,

Philadelphia and Baltimore Stock

28

n

Low

1

10H%
108% 109%

98

101

J-Il

Sli

in

•

1

108

J'ne'05

101

Oreg

11

/.nil'

1

M-N

1

1

1st 6l

06 % 108
9'JSj 100 H>
126 Si 126 Si
126
126

101

4s..T.'l

Jan 1939
Jan 989

96% Old Colony gold 4s
Oreg Hy A Nav con

Sj

1

103 % Apr '05
105 -'i Muy'O.".
140 J'ly '().•.
140 Apr'Of)

139
139
101 h Sale

J-J
Q.J

\

199
101

5

'1

HOUfthAOnt

cons 1110 3s
cons me 3s

_tl

90

i

Ml

A-O
A-O
A O

M ion Telep eons 6a tr reo.1929 J-J
Minne tien Klee eon t 5s 1929 J.J
New EngCot Yarn OS
1929 FA
1000 A-O
New Kuk Tolepli (is
14307 A-O
Ss
L908 A-O
6a
5s
1916 A-O
1905
Y.t
N
1st
7s
J-J
N
Ens

ii'.'-Y

M9HiMar'o5

M-S
M-S
A-O
A-O

's 1 1 1

95

Fe-b'05

Si

1 1

a

Mar*05
109
KiS'i
109 Hi Mar'02
112% Jan '03

10S a« Sale

1

lstos.r.125

Mexican Central cons
1st

Marc".

Si

120
108

109

Si

L29
1

107% Aug'05
MO'4 ll'OHi

120' 4

M-N
J-D

MO

99

ae'04

100% loo
106 Hi DCO'02

'.

M.irn

"04

M-N

i'oo'sj

102%

102S)

III 'sJ'iy'oa
vs
8a

90

88

<

I

Dec '04

Sj

live it

A

1

112% J an '03

J-J
J-J

It- 1»«- 11 5 s... 1913
Sioux
1st 7s.. l'.HT
Ivan C CUD it Spr 1st 68... 192.1
KsnC i'i S a Gull 1st 7s.. 1908
Ivan C I'i Seotl A M 68
1028
1H34
Kan '' M A H L-en Is
lU
Assented income .">s
Kan CiJ M RyA Mr 1st 5sl920
Kan I'M JOA C B 1st 7s. .1907
i:a Ft sin hi gr 1st 7s... 1005
Mains Cexu cons 1st 7s... 1912
Cons im is
L912
i-(i

la Falls

Jcange
since

or

Lati s,iU

Hi. ,n
:oo>„ A.ng'06
Si 10 J
101
Ml'-. 101 '..
1 •• 1

Illinois Steel debet) 5S....1910 j.j

MS

I",

Kanye

Ask

Kill

97%

J'ly'05
M.".,

tridav
Aug IS

lliu

95%

Bale

1

Week's

Price

BOSTON STOCK EXCH'GE 51
W'KKK ENOINU Al'Dl'STlS

m

'/ '1

1

MS

.

NOTE— Buyer

'

1

661

BONDS

Kange

Range

II
AMI Low
100 V 100 Aug'05

Hid
J-J 100
Am Hell Telephone 4s 1008 J.J
Am TeieniV Tel ooU tr is. 1929 M-S '.•6
Atch a Nebraska 1st 7«.. 1908
AtehTopA s Fegen g4a,. 1996 A-O 102
AlllUKlUK'Ut

Week's

Price
Friiia u

BNonra al'uustis

Boston EleOl Light 1st
Cobsoi 5s.
Boston A Lowell 48
Boston it Maine 4 "-js

'

Boston Bond Record.

BOSTON STOCK KXTH'GE

Win

'

:

1

16

110
11<> Hi

THE CHRONICLE.

662

[Vol.

lxix/

%tXMstmtnt and flailroad Intelligence.

RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every .Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, *nd the laat two
columns the earnings for the period from July I to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
Tie returns of the street railways are brought together separately on a subsequent page.
period.
Latest i-tross

ROADS
or

Weak
Month

karninas

Current
Year

July

Previous
Year

Ala Gt Southern. See Southe rn Ry. Sy item be!o
lexa>- 'aiilio.
Ala
230,526 178.631
N O A No East. uly
95,775
102.391
Ala<to Vlt-ksb'g uly
98,545
uly
101,213
I'.
Vlcksb 8h A
une
Inc.
90,509
Valley
Allegheny
32,00s
33,532
3dwk July
Ann Arbor
5,880,()02 >, 117,407
AtehTop AS Fe. une
^90.186 274.170
Atlanta & char.. May
55,890
88.079
Atlantic* Blr... une
2,032.717 1,701,190
Atl Coast Line... une
15,612
15,040
Bait <t Ann S L.. u e
July
5,708, .s:so 5,274.542
Balt& Ohio
191,910 150,305
Bangor A Aroosi uue
5,634
4,053
Belief onte Cent'l uue
une
5,914
3,609
Bridgt&Saco K.
'1
2d
wk
Aug
I70,yis
100,010
ctH
Butt Rooh <&
May
104.348
84.332
ASusq...
Buffalo
149.510 138,130
Oal North w'n..... une
70.700
68,600
Canadian North ;u wk Auk
Canadian PaoiiU 2d wk Aug 1.048,000 995.000
169,350 103.400
Cent'l of Georgia letwk Aug

NUA

Cent'lof N Jersej

nay

Chattan South'u.
Chesap & Ohio...
Ohio & Alton Ry.
Ohio Gt Western.
Chiolnd &L'v...
Ohio Milw <fc St t
Ohlc& North W
Ohio St B M &0.
Ohio Term Tr Kh

ithwkJu'y
June.

June

......
.....

2,113,292 1,924.915
3,04.5
6.662
1,840,555 1,737.716

I

to

Latest Dale

J Attest

ROADS

Previous
Year

Current
Year

w.

or

lnr.

102,779
68.375.835
3.388,375
1,007,460
22,202.901

165,400
5,708,s30
2,159,069
50,941
48,306
1,092,936
1.028,886
1.541.199
551.000
6,000.000
1,055.832
20.073,526
10.517
20.724.370
11,797,312
911,460
610,015
49,684,110
55.745,273
11.925,990
204.995

178,631
95.775
98,545
115,406
107,682
68.171.199
3,251.026
075.134
0,544.974
107.094
5,274,542
2,015, 55
06,401
45,950
981.227
881,737
1,470.969
438,300
6,270.000

90 J, 051
19,795,680
14,280
19,297,524
11.425.852
791.048
558,417
48.330.S33
53,334,633
11, 438.287
193.078

916,326 956.16?
2d wk Aue 147,923 134.619
lstwk au^ 120,43a lOs.291
June
.
4,240,621 3,866.19s
June
5,044,816 4,380,556
uue
989.940 851.690
2a wk Aug
32,942
29,563
CinNO&TPao. S -e Southe rn Ry. Hv stem belo w.
1,926,57.-) 2,038,743 22,372,311 21.069,953
CI Cin Oh A St L. June
210.798 284.574 2,834,425 3,069,693
Peoria & Kast'n June
687,895
603,130
Colorado & South lstwk Aug 133,312 119,750
14,732
232,912
16,040
225,035
Col Newb & Lau. June
58,079
44,979
562,729
460,453
Copper Range... May
21,683
6,612
68.422
Cornwall........ May
89,803
21,121
256,099
Cornwall &Leb.. May
33,359
222,827
Den v. & Rio Gr. . 3d wk Aug 366,lo0 290,700 2,203,900 1,864,200
86.960
86,305
990,552
981.313
Det <fe Mackinac. June.
DetioitTol. <talr 4tuwkMay
38,520
29,330 1,335.309 1,392.947
lstwk
Aug
DulSohh A Atl..
61,596
53,313
315.907
289,074
May
Erie
4,135.108 3,869.030 41,390,863 41,108,528
F'rchild&N'r'e'ii June
2,035
36,381
3,027
36.019
8,206
81,257
Farmv& Powhat May
9,298
76,736
56,691
Fon Johnst& Gl. May
55,325
647,850
614,438
Ft
Denv City May
205,075 152,566 2,312,340 2,321,575
June
Georgia RR
191,681
156,627 2,481,205 2,418,282
Ga South A Fla.. Si e Southe rn Ry. sy item belo W.
Gr Trunk System 2d wk A g 717,990 687.238 4,504,640 4,359,220
- GrTr. West'n 4thwkJu y
395,412
125,862 107,632
364,394
138,752
42,304
34,678
% DetGr H&M.. thwkJu'y
130,279
3,694,329 3,491,979 3,694.329 3,491,979
Great Northern.. July
200,831
Montana Cent') July
200,831 180,736
180.736
Total system July
3,895,160 3,672,715 3,895,160 3.672.715
le
vvk
A
uj..
Gulf&ShipIslauti
201,268
36,703
39,373
181,155
Hooking Valley. June...
527,672 481,852 6,013.213 5,725.481
Illinois Central.. July
3.708.14S
3,706,148 3,805,184
3,805,134
Illinois Southern July
29,436
27,056
29,436
27,056
Indlll & Iowa... June..
1,793,65;; 1,615.814
Int A Gt North'n 2d wk Aug
95,100
88.100
637,800
574,560
2d wk Aug
llnteroo (Mex)
718,624
106,039 104.480
661.749
2d wk Aug
Iowa Central
48,072
318,866
51,407
285,»89
Kanawha & Midi June
150,875 139,391 1.764,172 1,657,665
Kan City South'n June
536,340 464,874 6,027,752 6,450.320
LakeEne&Westn luue
4,923,617 5.096,211
Lehigh Val RR.. May
2,781,731 2.514,000 28,288,375 27,036,112
Lexing & East'n June
43.317
469.466
44.315
603,970
June
Long Island .
luc
Inc.
13,750
650,051
Louisiana & Ark. June
844,535
79.001
60,795
704,672
Louisv A Nashv. lstwk Aug 747.305 A; 696,820 4,045.515 3,618,058
Macon & Birm... July
10,177
10.177
9,830
9,936
Mania ANo Eas; May
39,959
35,597
396,188
376,289
lu.y
Manistique
12,378
12,378
9,237
9,237
Maryl'd A Penn.. June
26,088
23,376
323,569
306,795
tMexioan Cent'l June
2,245,810 103,665 26.097,698 26,002,202
; Mexican litem. June
525,322 572,45s 6,572,071 6,932,877
Wk J'ly 29 106.000 100,900 488,800 439,500
{Mexican Ry
4thwkJu'y
33.307
27,694
101,039
88,222
t Mexican 80 nth'
Mineral Range.. lstwk Aug
12,841
14,083
73,642
68,975
2d
wk
Minneap A St L
Aug
67,371
56,599
426,088
300,280
lstwk
Aut
F
M8t & S St M.
175,107 149,22s
921,654
746.975
Mo Kan <& Texa* 2d wk Aug 352,035 317,764 2,297,637 1,987.770
Mo Pao & Iron Mi 2d wk .aug 793.000 813,000 4,829.000 4,714.000
Central Brand 2d wk Aug
49.000
36,000
248.000
205,000
Total
2d wk Aug 842,000 849,000 5,077.000 4,919,000
Mob Jack & K C. WkJuly 22
14,964
10.412
43,075
31,624
Gulf.feChic.Dl v.

W&

1

—
. .

.

i,

INat'l

Nev-Oal-Oregon

Nevada Central..
N YC& Hud Rlv
Y Out*; West.
N Y Susq A West
v)

Norfolk & West'n
Northern Central
North'n Paeirto..

Ohio Rlv& West..
Paoitlc Coast Co

ePenn— EastP&E
eWest P A U
.

PhilaBalt&W'sh
Phlla

A

Erie

iMttsbCO
Raleigh

&

&

St I.
8'port

Heading Railway

Coal& IrCo
Total Both Cos
Rich Fr'keb & P
Rio Grande Jot..
Rio Grande So..
Rock Isl'd Sys.

.

Jutland

RR

L Southwest ..
Seaboard Air L..
Southern Ind
So Pacific Co b..
South Ry Systeo.
Southern Ry ..
Mobile & Ohio
Cin NO*. To* I
Ala Great Sou
G* Scuta A Fin
Texas Centra!
Texas A Pacific.

lstwk Aug
intwk Aug
istwk Aug
July

.

.

& So W'u

Wabash
West n Maryland

W Jersey A Sea t
Wheel & LE
Wisconsin Cent..
vVrightsv

A

T'n..

A Miss.

Ar g

V

Mar.

1

Birmingham
Atlantic
Bellefonte Central

Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Deo.
Jan.
Jan.

1

&

A
&

Louis
Eastern
International & Gt North'n
St.

.

Interoueanic of Mexico
Western
Lake Erie
North Eastern.
Manistee
Manistique

&
&
Maryland & Pennsylvania.

{Alexican International

..

Mexican Railway
{Mexican Southern
1

Missouri Pacitio
Central Branch
Total.

JNationai RRof Mexico.!..
New York Central.
Northern Central
ePennsy., East of P & E

eWestof

P&E

&

Wash...
Phila Baltimore
Erie
Philadelphia
St Louis...
Pitts Cin Chio
Rio Grande J unction
Texas* Pacific

&
&

West Jersey

& Seashore

AGGREGATES OF GROSS EARNINGS- Weekly and
WEEKLY SUMMARIES

Current Year Previous Y'ar
9>

2d week May
3d week May
4th
1st

2d
3d
4th
1st

2d
3d
4th
1st

(42 roads)...
(41 toads)...
week May (46 roads)...
week June 42 roads)...
week June (42 roads)...
week June (41 roads)...
week June (43 roads)...
week July (39 roads)...
week July (40 roads)...
week July (41 roads)...
week July (44 roads) ..
week Aug. (37 roads)...

7.667,810
7,591,421
12,098.498
7,601.132
7,936,328
7,911,463
11,003,290
7,375.914
7,864.915
8,248.621
12,024,707
7,764,528

7,164.329
7,177,961
10,851,080
7,201,591
7,500,339
7,471,193
10,612,240
7,065,705
7,168.544
7,454,582
10,977.932
7,198,361

Inc. or Dec.

p. a.

MONTHLY SUMMARIES

1
1
1
1

1

Current
i ear

4,839,419
099.25,
759,847
355,693
135.686
7o,575
1,094,408

(122
(124
(124
(124
(123
(116
(117
(118
(115
(118
(

(

58
55

Previous
Year

802.694
1,275,610
15.328
29.268
6,443.018
6,010,110
2.39s, 279

22.i00.991
10,148,648
4,071,388
1H1.305
5,310,99]

119166794
2,luo
13.598,549
7,643,850
24,337,130
3,881
31,900,074=

32,225.017
04.125,091
1,522,332
539,293
45,076
412575,874
2,414,451
1,314.220
32.s74.767
943,931
11.720.213
103,125
92,933,228
42584.100
598,364
691,237
2y3.237
131,892
51.150
1,113,977
12.700
3.598,683
121.835
412.677
657.957
55,279,230
46,091
3,130,254
3,633.097
4.311,158
510,943
153.698
5,921,096
172.070
520.814

Premoiis
Year

IVar

June 30

May

3:

June
J une
June
June

30
30
30
30

Aug. 14
Aug. 14
June 30

May 31
July 31
1
June 30
1
June 30
1
July 29
1
July 31
1
Aug. 14
1
Aug. 14
1
Aug. 14
1
Aug. 14
1
July 31
1
June 30
1
June 30
1
June 30
1
June 30
1
June 30
1
to June 30
1 to May 31
1 to Aug. 14
1 to
June 30
1
1

Inc. $41 9,753
$944,110 $876,622
398,727
58S.10:)
29,455
29.480
10,231.023 9^(99,821
l,306,9o4 1,523,677
3,456,177 22979,997
3,924.01s 3.931,876
2,277,8o4 2,325,228
186,174
197.537
45,199
53.973
100,062
111.090
3.242.481 32561.604
3.6o9.0o0 3,555,400
698,233
719,100
23,910,010 :4,209,9U

1,006,250
5,278.161
7.175,277

1,013,973
-'4,930.589

7.465,788
46,324,861 2. 916,421
4,996,094 4,878,494
62,384,676 56,695.676
Inc. 3.2
1,200
7,069,yll 0,572,711
3.645.0y2 3.470.666
12.538,925 11.618.160
262,610
260.034
6.740.394 6.550.770
1.S32.352 1,775.352
:

out lily.

Current Year Previous Y'ar
$

$

4-503,481 7-02 Month Aug. 1904
+ 413,460 5-76 Month Sept. 1904
+ 1,247.418 11-49 MoutuOct. 1904
+399.541 5-55 Month Nov. 1904
1 435,989 5-81 Month Deo. 1904
+440,270 5-87 Month Jan. 1905
+391,044 3'68 Mouth Feb. 1905
+310,149 4-38 Month Mar. 1905
Month Apr. 1905
-t 696.371 9-71
4-784,039 10-66 Month May 1905
+1.046,775 9-53 Month June 1905
+566,167 7-88 Month July 1905

.11

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

Latest Date

Curreixt

Period
Jan. 1

C. C.

to

1

Allegheny Valley
Atlanta & Charl Air Line

Peoria

867,983
244,860
133.790
56.798
131.892

Aug

VARIOUS FISCAL YEARS

U

I

..

Wm'sport&N.Br
Yazoo

t*revwu*
Year

v

13,808
11.147
158,504 182.00 J
1 ,000
12.700
11,000
317.689 340.031 3,766,04!)
June
122.S05
23,4-./
21,800
lstwk Aug
403.07y
79,072
76,925
2d wk Aug
003.038
58.577
54,249
June
iune
5,219,759 4.617.361 59,324.947
73,187
46.691
tuly
73,187
id wk Aug 438,529 540,050 2.997.yol
350,709 320.412 3.900.-47
June
417,624 400,024 4,304.45s
/une.
620,s64
84,742
2d wk Aug 106.100
154.807
14,90*
14,922
lay
594,899 518,445 6.085.119
May
190.554
12,0,0
9.800
Juno
497,000
497,666 520,844
/uly
st «vk

1

2d wk
July

Tex S V A N W
Tol <fe Ohio Cent
Tol P & West
Tol St L <te W.
Tor Ham <fe Bull

Jn Pac System

887.347
279.910
146,461
63,914
135,686

IthwkJu y

.

Virginia

Current
Year

!

.

Jos&Gr I
L & San Fran g

St
St
St

Week
Month

J

See 8outhe rn Ry. 8y s em )iel>
785,457 802.694
735.457
July..
2d wk Aug 222,041 207.67y 1,375.413
20,306
20.300
15.328
July
::,oio
1.751
35.65.3
June.
29s
13,017,135,-98
7,135,
6,4
July
009.634 570.497 6,410.725
M ay
245,663 249,674 2.485.707
viay
2,108,842 1,975.912 24.089.258
June
933,702 89 .,902 10,405, U4 5
June
4,471,792 4,071,388 4,471,792
July
1-6.981
18.405
182,705
May
523,510 522,220 5,580,120
May
11467759 9.777,559 123834194
June
Inc. 7 75,500
llU 3.91
June
1,265,917 l,2(i,417 14,l00.74:i
June
751,803 714,;. u9 7.852,738
June
2,241,342 2,020.94:9 25,029.370
une
4,680
3.881
4,636
July
34.004.15",
3.550,477 2,950,9
May
3,642.048 3,347.091 33,303,715
iay
7,192.525 0,304661 07,307,872
viay
171,769 158.U23 1.598. ise
June. ......
523.753
54,45
46,34
viay
53,4" 1
7.64z
10,799
lstwk Aug
3,498,374 3.025,225 40.289,090
May
2,494,304
June.
95.201 1.299.031
126.559
Ju e
3,022,486 2.642.320 35.319.4i0
viay
989.629
2d wk Aug 166.280 162,971
I2,43y,40s
1,221,594 1,056,81
«ay
103,12-j
106,-98
106,298
July..,
7,855,289 6,876,218 95,515,170
June..

& Ohio...
A St L..
RRof Mcx

Mobile

Nash Ch
230,526
102,391
101,213

karntwj*

(truss

*

Inc. or Dec.

\P.C.

$

+734,020 0-51
rds.) 145,292,493 144,558.473
+4,136,488 2-81
rds.) 151.475,024 147.338,530
+4.974.337 3 21
rds.) 159,732,959 154,758,022
rds.) 154,304. 117| 140,909 ,470 i-13.394,641 9-51
+9,858,462 7-20
rds.) 146,748,102 136.s89.640
4-7,852.980 6-58
rds.) 127.073,053 119.220,0/
rds.) 113.714,506 117.252,135 —3.537.629 3-01
12,743.311 9*73
rds.) 143,622.357 130.879.540
rds.) 136,595,868 127.237.317
r 9,358.551 7-35
rds.) 144,103,256 129.712,739 r 14.390,517 1P09
54,139,005 50,961,464 4-3.177.541 6-23
rds.)
rds.)
50,144,735 40,659,292 +3.435.443 7-47

e Covers lines direotly operated,
6 Inoludes the Houa. A Tex. Cent, and its subsid. lines in Dota years.
g Includes
J Mexican currency.
the Chicago A Eastern Illinois in both years.
k Atlanta KnoxviUe A Northern included in both years since April 1; it nad previously been
included In 1905 since Jan. 1.

— — —— —

—

.

AUG.

.

year.

Pacific.

Central of Georgia.
Chicago Great Western
Chic fndianap it Louisville...
Chicago Terminal Transfer..

cm

N Or >v Texas Pacific
Colorado 4 Southern.
Denver A: Rio Grande
Duluth SoSh & Atlantic

—

Grand Trunk of Canada
Grand Trunk Western.
Detroit Gr Haven A
ciulf

it

..

International A G1 Northern.
Interoceanic of Mexico
Iowa Central.
Louisville & Nashville
Mineral Range
Minn ft St Louis
Minn St 1* & S S M.

Mo Kan & Tex
Mo Pac 4 Iron. Mountain
Central Branch
Mobile Jack A Kansas City. .
Nat RR of Mexico
Rio Grande Southern
St Louis South Western
Southern Railway
Texas Central
Texas 4 Pacific
Toledo Peoria & Western
Toledo St Louis & Western..
_.

Wheeling

& Lake

Erie..

Total (37 roads')

Net increase (7.S8 p.

increase,

Da

146,401
133,312
368,400
61.596

$
56,798
166,016
65,800
959,000
163,400
131,806
108,291
29,632
133,796
119,750
285,600
53,313

722,811

658,833

36,703
S7.400
117,711
49,429
747.305

39,373
80,400
96,057

$
63,914

Roads

166,089
70.200
1,070.000
189,350
145,065
120
;vi,704

April

1

Jan

1

July

1

?.;

4,072
12,665
13,56:

82,800
8,283
63,981

56,866
149,22s
281,609
678,000
46,000
18,381
193,093

31S.871
676,000
35.000
.r

,0,70

7,000
21,051
5,000
50,485
1,242
10,615
25,879
37,262

12,841

10,94s

223,593
10,799

2,000
11.000

30,505
3,157

138,979
867,983
11,147
172,00s
23,429
72,234
508,034
81,119

14,189
19,304
2,601

7,764,528. 7,198,361

622,621
566,167

153, 108

887,347
13, SOS
133,513
21,800
78,332
508,342
97,440

1,629

6,098
308
16,321

56,454

For the fourth week of July our final statement covers 44
roads, and shows 9.53 per cent increase in the aggregate over
the same week last year.
1905.
s

Previously rep'd (36 roads).

Alabama Great Southern
Tex Pacific
Ala

NO*North East

NO*
&

Vicks

VicksSh &Pac
N O & Tex Pacific
Mexican Railway
Mexican Southern
Mineral Range

Cin

Total (44 roads)
Net increase (9.53 p. c)
y

Week ending

Increase

1904.

S

S

11,336,264 10.419.S54 1,010,302
30,549
109,418
78,869

95,528
41,391
41,213
241,301
V 108,000
33,307
18,285

Decrease.

S

93,892

27,897
2,616
668
58,302
7,100
5,613

67,631
38,775
40,545
182,999
2/100 900
27,694
20,665

1

1

Western Maryland. a. June
July 1 to June 30
West N Y & Penn.b—
April 1 to June. 30
Jan I to June 30
July 1 to June 30...

96,272

—

reported this week.
A full detailed statement, including all
roads from which monthly returns can be obtained, is given

once a month in these columns, and the latest statement of
this kind will be found in the issue of July 22 1905.
The
next will appear in the issue of Aug. 26 1905.
—
Gross Earn'gs
Net Earnings
Previous
Year.

Roads.
Allegheny Val
June
Inc.
Jan 1 to June 30...
Inc.
Bait A Ohio.b
July 5.768,830
•hie Ter Trans. b
June 140,229
July 1 to June 30... 1,540,111

Current
Year.
$

$

90,569
419,753
5,274.542
130,656
1,570,763

Inc.
Inc.

8,017,926
61,377
576,254

Delaware 4 Hudson
Alb A Susq, including Lack 4 Susq and
April 1 to June 30... 1.757,343
1,686,340
Jan 1 to June 30... 3,287.423 3,071,347
July 1 to June 30... 6.433,976 5,848,568
Rens <k Saratoga 4 Adir.b
April 1 to June 30...
818,184
809,928
Jan 1 to June 30... 1,504,272 1,468,352
July 1 to June 30... 3,298,940 3,252,252
N Y A Can A Chat'gay
A Lake PI aci< LbApril 1 to June 30.. .
479,448
462,963
Jan 1 to June 30. ..
967,265
811,390
July 1 to June 30... 1,867,641
1,071, 01 o
Del Lack A West.b Leaaed lines in N. V state
April 1 to June 30... 2,903,149
2,772.660
Jan 1 to June 30... 5,373,754 4,820,603
July 1 to June 30 .. .11,472.915 10,170.305

Previous
Year.
$
81,875
419,093
1,848,885

3S>27
497.459

C&CV&CSVb—893,608
850,020

—

April

1

Jan

1

ft

1,545,460
3,266,383

1,576,198
3,055.184

150,645
251.102
793,446

152.192
192,302
769,516

110,672
253,372
625,888

.723

188,285
495,671

1,573,2
2,891,471

1,173
59,051

6,124.0

1.481

N Y..b—

June 30
to June 30...

to

Jan

1

to

July

I

.tO

June 30...
Jtme 30...

Greenwich 4 Johnsonville b
i -April 1 to June 30...
-Jan
to June 30...
L-.L/July 1 to June 30...
1

385.179
660.300

370,124
636,967

179,680
30

71.158
129,400
309.488

69,955
125,507
290.717

4,187

19,013
35.204
75,897

17,585
34,000
68.833

•

•

,576,323
,956,395
,825,605

1,308,909
2,472,764
5,530,986

6,151
35,743
sl2,476
S190.960

3,241
21,877
sl0,291
5172,561

157,418

276,340

1,930

72,030
7.055
12. M',
•

29.072

io,625
10.034
73,944

5,725
11.079
23,187

def58,408
122,231
185,008 defl41.131
603,738
302,365

(includ-

Jan 1 to June 30
Wrightsv &; Tennille b June
July 1 to June 30

498

3,408
19,485
7,535
72,357

6,246
2,471
47.277

a Net earnings here given are after deducting taxes,
b Net earnings
here given are before deducting taxes.
I Operations of Subway Division included in these totals since Oct 27
1904.
y For June additional income and net profits from coal, etc., were
S28.140 this year, against 859,356 last year; and from July 1 to June 30
$634,457 tliis year, against §661,499 last year.
s Includes 8406 "other income" for June this year, against $491 last
year and for period July 1 to June 30 84,735 this year, against $4,975
last year.

—The

following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus

above or

below these charges.

deficit

Roads.
Delaware & Hudson
Alb & Susq & Lack
Susq, including

V & C & S
April

1

Jan

1

V—

Int., Rentals,

Current
Year.
$

etc.

—

Previous
Year.
S

—

-Bal. of Net E'ngs.
Current
Previous
Year.
Year.
$
$

4;

C & C

to June 30...
300,959
to June 30
616,807
to June 30. .
1,247,713

314,139
650,625
1,259,410

July 1
Rensselaer

4; Saratoga
Adirondack
1 to June 30
303,251
Jan 1 to June 30
626,448
July 1 to June 30... 1,287,984
N Y 4; Can 4; Chat'gay
4 Lake Placid
April 1 to June 30
98,743
Jan 1 to June 30
204,107
July 1 to June 30...
384,914
Del Lack & West— (Leased lines in N
April 1 to June 30
0,17,981
Jan 1 to June 30
1,235,959
July 1 to June 30. .
2,473,865
Syr Bing & N
April 1 to June 30
46,335
Jan ] to June 30
92,635
Dunkirk Alleg Val 4; PittsApril
to June 30
3,546
Jan 1 to June 30
7,092
July 1 to June 30...
17.080
Greenwich 4 JohnsonvilleApril 1 to June 30
4,000
Jan 1 to June 30
8,900
July 1 to June 30...
17,500

549.061
928,653
2,018,670

579,469
925,573
1,795,774

&

335,986 defl.52,606 defl83.794
676,504 def375,256 def484,202
1,323,079 def494,538 def553,563

April

50,929
49,265
240,974

26,200
defl4,649
112,486

013,713
1,227,390
2,438,207

955,244
1,655,512
3,650,141

1,161.661
3,046,224

46,405
92,810

133,354
209.648

2,414
6,021
13.113

xl,276
xdef4,096
X67.291

400
800

1,482

2.887
4,750
13,145

I

637,223

Z198.735

3

664^59

.1202,707

102,523
202,934
383,185

Y. State)-

.

827,460

Y—

Rap

Interborough

Manhattan
April

1

Jan

1

July

1

Subway

.

to

to
to

•

11,013
183.530

1

X8.851
xlO.733
j-02,481

5.593
1

1

,822

23,082

'Trans

Elevated

June 30
1,694,320
June 30... 3,411,913
June 30..
7,000,114

r768 ,434

xOOO.4 10
Z951.791 xl, 925.724

6,757,413

Division

to June 30...
228,236
Jan 1 to June 30
464,434
Oct 27 to June 30...
639,689
Total both Divisions
April
to June 30... 1,922, 505
Jan
to June 30
3,876,347
I/July 1 to June 30
7. 04S. 703
Lake Shore 4 Mich SouthApril 1 to June 30... 1,470,000
Jan
2 oio. ooo
to June 30
July 1 to June 30... 6.090.000

April

Dunk

Alleg Val 4 Pitts. b
April l to June 30...

40,003
24,791
2,725
110,043
28,093
25,163
1,308,716
253,185
278,735
98,403
21,996
20.983
320,412
1/106.270
J/95,067
3,633,097 J/1,387,827 2/1,309,883

1

•

50,476
106,688
200,161
400,769
4,768.885

62,767
108,171
,281,441
101,065
350,709
,900,247

—

Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads

Syr Bing

Ry

W F & O Ry).a June

July 29.

Current
Year.
$

7,070,094

to
to
to

Interest Charges and Surplus.

2,380

12,024,707 10,977,932 1,143,047
1,046,775

1, 990.300

4,300,or,i)

June 30... 13 ,510,380 12,499,653 5,302,311 3,775,058
June 30.. .24 ,000,500 23,104,934 7,005,474 5,751,722
June 30... 49 981,946 48,282,908 14,148,925 13,123,099
July 1
714,369
264,104
751,803
339,783
Phila & Erie. b.. June
839,385 1,002,617
Jan 1 to June 30
,645,092 3,470,666
780
4,686
3.881
1,606
Raleigh &Southp't_a.July
158,023
00,486
June
171,769
45,467
Rich Fred & Pot
1,522,332
545,373
500,832
July 1 to June 30...
,598,188
April

Jan

Wichita Valley

5.

4th week of July.

i

1

July
Texas Central. a
Tol Peo & West.b.. .June
July 1 to June 30
July
39,155

1

2,213,889
4.449,187
8,341,683

N Y New Haven & Hart.b—

2,507

7,64i

—

1,819,512
3,655,668
7,051,353

1

12.1 i:

1-1.423

14,083
67,481
175,107

c.)

Week ending August

Ala

.

648,44
June 30... 1,349,871
1,435,793
June 30... 2,826,987
Jan
1,788,629
June 30... 3,639,077
Oct
Total both I )i visions. b
2,467,956
April 1 to June 30... 4,548,843
4,991.361
Jan
to June 30... 9,131 ,664
19.439.982
July 1 to June 30. A 16.S37.367
Lake Shore A: Mich So.b
1,997,048
8,772, 061
April 1 to June 30... 9 ,330,436
4,322,099
Jan
18 ,100, 043 17,138,245
1
to June 30
34.SN5.444
7,997,911
July 1 to June 30... 36 ,189, 749
Lehigh A Hudson River. b— (Corrected eamings)64,781
132,382
April 1 to June 30...
138,013
250,355
108,532
254,775
Jan l to June 30
171,314
487,112
464,109
July 1 to June 30
June 1 ,398,180 1,410,797
208,826
Mo Kan & Tex. a
5,103,373
July 1 to June 30... 20 .041,092 17,706,594

ing

x

Klev.b
3,198,072 3,740,101
to June 30..
to June 30..
6,304,577 7,591,222
to June 30. ..13, 198,290 14.187.68.

Manhattan

to
1
to
27 to

13,400
111,000
25,950
13,259

696,820

-Net Earnings
nt
l'n eiou*
Year.
Year,
S
%

Curn

Co—

Ran Trans.

Interborough

April

S
7,110

M

ship Island

Wabash

Gross Earn'gs
Previous
Current
Year.
Yerr.
$
$

Subway Dlv.b

Alabama Gt Southern
Buffalo Roeh & Pittsburgh.
..
Canada Northern
Canadian

1904.

1905.

week of August.

(>(>:*

Weeks.— In

the table which
follows we sum up separately the earnings for the first
week of August. The table covers 37 roads and shows 7.88
per cent increase in the aggregate over the same week

1st

...

THE CHRONICLE.

19 1905.J

Latest Gross Earnings by

last

——— ———

.

1

I

10.628

X701 ,943
J-I.I31.0I1
x2, 282,310

1
1

1

J-':-

1,470,000 xl.007.0ts xl ,000
x2.372.099 x2.860.960
6,972.025 j4.4 7S.SSO X4 .463 ,039
2,91

THE CHRONICLE.

664

—
Roads.

Lehigh

I

& Hudson

April

(Corrected

River

36,483
June 30
72,645
June 30
148,030
June 30
367,292
June
Tex
4,261,364
to June 30

to
1 to
1 to

1

Jan
July

Mo. Kan

&

July

1

N Y New Haven & HartApril l to June
Jan 1 to June
July 1 to June
Texas Central
Tol Peo & Western
July 1 to June

July
April

1

Jan

1

30
30
30

2,268,297
4,449,653
8,650,680
2,583
July
22,577
June
286,159
30...
22.781

July

1

Ry

(includ-

W F &O Ry)..June

Jan

to

1

337,833xdef250,040 def396,241
659,973 2df430,933 def801,104
1.218.310 7df576.219 2df915,359

379,556
627,861
1,191,877

June 30
June 30
June 30

to
to
to

Wichita Valley
ing

2,067,243 x3.912.878 22.238,241
3,982,121 23,495,653 22,353,714
7,921,736 26,708,053 26,094,755
142
22,208
2,583
2,160
5,516
23,003
1,549
277,186 def32,974
def2,070
def785
23,053

N Y & Penn. b—

Western

—

—

-Hal. of Net E'ngs.
Previous
Current
Previous
Year.
Year.
Year.
$
8
8
earnings)
213,902
732,293
42,807
229,159
a:39,882
77,852
252,810
227,279
147,674
53,836
346,933 defiss.ioi;
749,647
842,009
4,019,238

Int., Rentals, etc.

Current
Year.

1,486 def. 1,424
7,950 def. 5,289

1,922
11,535

1.922
11,535

June 30

and other deduc-

a Charges here include road-rental (paid by lessees)
tions.

y These totals include operations of Subway
x After allowing for other income received.

Division since Oct. 27 1904.

Net Earnings
Previous
Current

Gross Earn'gs
Previous
Current
Year.
Year.

Year.

Year.

Companies.

s

Edison Elec Ilium Co of
June
Brockt on. Mass
Jan 1 to June 30
June
El Paso Elect Co
July 1 to June 30
Fall Riv Gas Works.. June
July 1 to June 30
Houghton County El Lt
•(Hancock, Mich.). „une
Jan 1 to June 30
July 1 to June 30
Lowell Electric Light CorJune
•poration
July 1 to June 30..
Minneapolis Gen Electric
June
Co
July 1 to June 30

9,634
67.277
22,144
274,127
28,406
325.769

3,648
26,035
4,969
66,489
7,897

1,815
17,091
5,202
92,353
10,131
104.700

8,098
56,390
20,058
231,432
25,589
337,876

119,6.87

13.082
96,077
198,592

10.916
81,967
173,679

5,504
48,763
100,886

3.470
34,546
78,832

19,378
246.953

16.521

232.499

3,398
102,785

5,064
90,869

52,145
687,603

44,045
594,657

24,071
349,312

20,750
279,192

•

•

Previous
Year.

—

S

•

729
4,079
3,546
40.742
227
3,523

963
6,175
3,350
39 610
100
1,037

1,086
13,012
1,656
51.611
9,904
101,177

2,685
19,860
1,619
26,879
7,797
118,650

2,187
13,226
26,450

3,317
35,637
74,636

1,283

•

2,187
13,126
26,250

•
•

Current
Year.

712
11,792
•

June

•

•

•

•

9,069
113,150

to June 30...

1,188
16,364

•
•

9,333
115,954

2,686
90,993

•

•

15,002
236,162

21,320
52,382
•

•

•

3,876
74,505

11,417
163,238

Muncie Hartford

.

_.»

•

Gross
Earnings.

•

1

to

latest

date.

•

Week or
Month.

Current
Year.

$
29,218
162,471
57,116
31,611
32,788
9,410
433,718
54,131
67,263
66,192
43,694
56,000

Albany & Hudson- June
American R'ys Co. July
Aur Elgin & Chi Ry June
July
Binghamton Ry
Boston & Worcest'r April
July
Burlingt'n(Vt)Tr.
Cal Gas & Electric. June
Cent Penn Trac... June

Chi & Mil Elec
Chi & Oak Park d-Cin Day & Tol Tr.
Cin Northern Trac.
Citizens' Ry & L'ht
(Mucatine, Iowa)
Tr Co_.
Clev&
Clev Painsv & E._

SW

July

June
June
July

June

...

July.

June

_.

Detroit United Ry. 1st wk
Duluth Street Ry. 2d wk
East Ohio Traction May
East St. L &Sub.. July
Elgin Aur & Sou._ June

Ft

Jan.

..

Aug
Aug

Previous
Year.
$

26,618
147.019
44,118
29,120
26,523
9,052
321,264
48,823
52,228
61,830

Current
Year.
$

Previous
Year.
$.

136,544
859,373
237,915
155,114

124,235
793,580
181,320
142,723

46,639
2,594,253
264,937
279,235
406,312

44,372
1,852,536
246,372
215,479
384,651

&

Ft Wayne
NorOhioTr&LtCo

...

April

July
Northern Tex Trac July
Northwestern Kiev July
Oakland Tr Cons. June
Olean St Railway. April

Orange Co Trac
June
Peeks Ltg&RR Co. June
Pittsburgh M'Keesport & Greensb'g June
Pottsv Union Trac June

.
.

Light Go's
July
Rochester Railway July
Rockford Beloit &
Janesville
July
St Joseph (Mo) Rv
Lt Heat&PowCo July
San Fran Oakl'd &
San Jose Ry
June
Sao Paulo (Brazil)
Tram L & P Co. Wk July 23
Savannah Elec Co. June

Ry Co..

Schuylkill

Scranton Railway.

Co

South Side Elev..
Syracuse R T Ry.

Tampa

Electric

Co

T & L Co

Terre Hte

TolBowlGr& So Tr
Toledo Rys & Light
Toledo & Western
Toronto Railway

Twin City Rap Tr
Un'dRysof St L.
United of San Fran

7,868
50,542
22,364
96,148
13,366
19,753
123,963
39,944

58,124
292,197
99,416
2,936,509
397,953
77,852
748,360
214,217

47,435
255,295
94,760
2,612,957
379,576
70,496
718,179
213,838

85,499

77,117

426,156

370,975

Wavne&Wab'sh
Valley Tract h.

.

Havana ElecRy Co

June

Wk

Aug

13

1/38,930

.

28,027

J/34,210 1/1,196,500 1/1,026,552

Honolulu Rapid Tr

& Land Co

June
HoughtonCo St Ry June
Houston Elec Co.. June
July
Illinois Trac Co
Indianap&East Ry May
Indianap & Martinsv Rapid Trac April
Indianap & Northwestern Traction June

160,300
55,959

163,052
89,911

19,031

27,715
16,936
9,610
83,004
17,556

770,878
83,156

538,721
75,675

9,984

6,676

32,759

23,184

fcl4,634

44,854
120,509

158.023

1,209,047
139,325
1,958,954
271,002

,276,511

50,876

204.093
72,800
194,395

178,229
67,881

34,552
18,867
15,730
70,450
176,045
279,048
55,163
248,200

45,908
11,886
32,892
15,185
14,454

68.249

59,256

158,320
264,058
41,029
232,610

1,287,400
1, 542,457
256,822
1,285,875

1 ,216", 168

13,945
100,049
59.874
104,618
116,918
10,934
12,102
12,904

13,607
95,881
52,281
94,264
105,656
7,876
11,620
11,068

51,468
525,527
362,454
808,065
684,341
35,856
51.118
56,478

49,108
492.966
311,214
741,751
603,438
28,866
48,803
50,082

17,701
19,956
40,401
1,975
169,272

15,875
18,260
39,472
1,994
139,172

77,904
99,685
208,020

68,645
88,368
181,966
13,680
847,330

161.614
,256,615
326,629

1,531.316
195,511
1,176,487

14,281

987,193

16,941

15,190

78,078

71,755

71,056

62,367

414,233

377,133

40,781

32,533

257.003

188,506

36,694
53,177
June
16,239
June
82,131
June
208,782
132.171
July ...
June
80,741
June
35,576
June
55,543
July ...
27,092
July ...
171,994
June
21,879
Aug 12 55,689
1st wk Aug
96,267
July
2725,343
June
555,513
July
20,453
June
43,471

33,050
49,511

275,463

253,645

445,651
1,196.702
946,696
454,005
199,497
286,872

402,596
1,122,610
902,567
414,291
172,698
259,855

1,067,785
105,609
1,581,293
2,699,973
4.762.530
3,386,493
142,162
257,424

984,233
97,906
1,407,750
2,527,205
5,249,543
3,206,930
139,029
224,268

76,598
191,495
108,343
72,084
28,141
47,654
24,134
158,377
19,581

Wk

45,923
84,723
985,433
518,995
19,555
37.342

—

The following table gives
the returns of STREET railway gross and net earnings
received this week.
Gross Earn'gs
Current
Previous
Year.
Year.

Net Earnings
Previous
Year.

-

31,611
155,114

29,120
142,723

Current
Year.
$
18,009
74,525

Elec
July
67,263
Jan 1 to July 31
279,235
Cleve & So West b_. July54,822
Jan 1 to July 31
292,197
Crosstown St Railway (Buf-

52,228
215,479
50,542
255,295

46,392
154,349
26,519
115,002

33,720
124,384
23,879
84,157

136,530
257,980

127,129
256,194

67,666
114,569

44,417
89,158

a
July
502,865
Jan 1 to July 31
2,826,214
July
Duluth St Ry.b
64,460
Jan 1 to July 31
369,201
East St Louis & Sub.. July
109,793
Jan 1 to July 31
748,360
Houghton County St Ry
(Hancock, Mich).. June
d 14,634
Jan 1 to June 30
55,959
Houst (Tex) Elec Co. June
44,854
411,227
Aug 1 to June 30

452,998
2,516,807
60,777
353,521
123,963
718,179

217,183
1,106.510
34,424
171.701
64,071
423,210

206,047
924,343
34,135
157.927
68,624
370,745

3,173
19,527
151,556

6,694
19,336
def 4 1,750
58,068

37,971
46,143
164,510
53,254
325,021

20,125
5,962
90,391
37.196
224,408

450,929
747,446
11,544
71,644

296,332
519,669
10,165
54.710
13,230

Binghamton Ry Co b July
Jan

to July 31

1

$

16.625
63,532

& Milwaukee

Chicago

•Ry

N Y) b—

June 30
June 30
Detroit United (all propApril

1

Jan

1

to
to

16,936
89,911
9,610
336,986

•

def 40, 731

Hudson Valley Ry.b
April

1

Jan

1

July

1

to June 30
to June 30
to June 30...

Trac Co. a. July

121,195
202,188
499,147
120,509
770,878

114,377
192,083
465,366
83,004
578,721

to July 31
International Ry (Buff)
April 1 to June 30...
939,627
860,791
1,751,345
Jan 1 to June 30
1,616,118
27,355,
Jacksonville Elec Co June
24,325
161,614
139,325
Jan 1 to June 30
1

July
Lexington Ry.b
Jan 1 to July 31
Northern Ohio Traction &
July
Light Co. a
Jan 1 to July 31

Oakland Traction. b_ June
Jan 1 to June 30
Orange Co Traction, b
April 1 to June 30
Jan 1 to June 30
Rockford Beloit & Janesville

31,933

Previous
Year.

312,708
24,325
348,029
59,596

^Street Railway Net Earnings.

Jan

10,527
54,822
23,941
110,294
14,747
20,697
109,793
40,333

latest date.

d These are results for main line, h These are the combined earnings
of all the constituent companies,
k Decrease due to a strike and boycott.
x Decrease due to the fact that the Louisiana Purchase Exposition was
open last year, y Spanish silver.

(/Illinois

54,812

to

330,279
27,366
417,091
67,969

erties)

Latest Gross Earnings.
•

Year.

13,097

July

Lima ElRy& Lt Co May
LondonStRv(Can) M ay
Manila El Ry & L June
Met West Side Kiev July
MilKlecRy& Lt Co June
Mil Lt H & Tr Co. June
Montreal Street Ry June

falo,

STREET RAILWAYS AND TRACTION COMPANIES.

1

Current
Year.

Roads.

June
poration
July 1 to June 30
Minneapolis Gen Electric
1

Ry

Lexington

Youngst'n-Sharon

Bal. of Net E'ngs.
Previous
Current
Year.
Year.
9
v

Int., Rentals, etc.

Current
Year.
S

•
Companies.
Edison Elec Ilium Co of
June
Brockton, Mass
Jan 1 to June 30
June
El Paso Elect Co
July 1 to June 30
Fall Riv Gas Works... June
-July 1 to June 30
Houghton County El Lt
•(Hancock, Mich).. June
-Jan 1 to June 30
-July 1 to June 30
Lowell Electric Light Cor-

July

Trac Co
System (Buffalo) April
Jackson v Elec Co. June
Kan City Ry& Lt. June
Lake Sh Elec it\
Line
Lehigh V Trac Co
St net Ry Dep.. May
Elec Light Dep. May

Wash Alex&Mt V

Interest Charges and Surplus.

—

Week or
Month.

Jan.

[Previous

Internat

Seattle Electric

a Net earnings here given are after deducting taxes.

Co

Latest Gross Earnings.

Gross
Earnings.

Rys Co Gen Roads July

Miscellaneous Companies.

fc,-

[Vol. lxxxi

.a

July

Jan 1 to July 31
Savannah Electric Co. June
Jan 1 to June 30

34,552
194,395

32,892

14,961
74,870

100,049
525,527
116. 91S
684,341

95,881
492,966
105,656
603,438

51,024
239,585
56,391
325,424

48,508
217,332
53,018
291,853

32,027
50,879

30,145
48,268

11,930
11,760

7,960
6,805

16,941
78,078
53,177
275,463

15,190
71,755
49,511
253,645

9,267
34,127
23,238
114,335

8,787
26,765
23,040
102,123

•

— —
Aug.

.

THE CHRONICLE.

19 1905.]

—

—

Net Earnings
Current
Previous
1 tar
Ytar.
$
$
77,:i:;j
66,252
388,437
342,761
15,202
8,916
80,050
68,182

Gross Earnings.
Current
Previous
Ytur.
Ytar.
$
S
Roads.
191,496
208,782
JVine
Seattle Elect Co
to June 30
1.196J02 1,122,610
Jan
2S.141
35.570
June
Tampa Elect Co
199,497
172,668
Jan 1 to June 30
Tene Haute Traction A
4 7, 664
June
56,6 13
Lii:ht
269,866
286,872
Jan 1 to June 30
24,134
27,092
Toledo Bowl Cir & So. July
15S.377
171,994
Toledo Rya & Lt.a..July
9S4.233
Jan 1 to July 31.-- 1,007,785
i

10.907
83,626
12,890
87,121
519,179

Canadian Pacific Railway.
(Statement for the Year ending June 30 1905.)

The

1

Net earnings

1,6 18
l

Roads.

Bal. of Net E'ngs.—
Current
Previous
Year.
Year.

$

a-24,617

X7.432

X30.366

.r8,532

June
Jan I to June 30
Detroit United (all prop-

3,014
21.192

3.381
19.952

def441
def61.923

3,313
def616

July

89,891
043,812
17,361
117,938
8,657
93,272

89,816
623,258
16,544
115,422
7,968
84,831

a-131,516
a-489,547

1119,502

17,063
53,763
10,870
58,284

17,591
42.505
def49,718
def26,763

64,329
127,501
251.338

61,228 xdef25,256 xdef38.102
120.779 xdef76,287 xdfll0,940
244,707 xdef79,600 jdfl31,011

Ry

Street

erties)

Jan 1 to July 31
Duluth St Ry
Julv
Jan 1 to July 31...
Houston Electric Co. June
Aug 1 to June 30

a-325,801

April

1

to June 30. ..

Jan

1

to

June 30

July 1 to June 30...
International Rv (Buff)
April 1 to June 30...

Net earnings
Other income

Light Co

30

23,267
160,869
32,568
189,061

30
30

7,322
14,964

July
Jan 1 to July 31
Oakland Traction
June

Jan 1 to June
Orange Co Traction
April 1 to June
Jan 1 to June
Rockford Beloit &
ville

Jan

Savannah
Jan

1

Julv 31_._

to

1

JanesJulv

Elect Co
June
to June 30

Seattle Elect Co
June
Jan 1 to June 30
Tampa Elect Co
June
Ian 1 to June 30

Haute Traction &
June

Terre

Light

Jan 1 to June 30
Toledo Bowl Gr & So. JulyToledo Rvs & I.t
Julv
Jan 1 to Julv 31. ..

X225.100
X300.335
8,528
53,545
9,042
33,471

389,752
3,072
18,699
5,611

22,826
158,525
26,567
159,397

June 30 1905.)
as follows:

9,622,701
576,884

9,505,612
527.625

9,407,543
589,901

10,181,094 10,199,585 10,033,237
8,161,237 -8,198,844 8,088,044
136,285
151,285
151,285

9,997,444
8,059,433
151,285

1,849,456
1,778,999

1,793,909
1,771,722

1,786,726
1,764,359

70,457

22,186

22,367

1.8S3.572
1,806,646

Surplus

76,926

a Includes 6 p. c. on preferred and 7 p.
V. 79. p. 2794.

&

common

on

c.

in all the years.

Western Railway.

* 20,285
I

(Statement for the Year ending June 30 1905.)

7,093
36,011
7,019

25,682
58,807
26,451
132,456

X4.677
7,606
354
14,930 xdef.* 2,965 xdef. 7,591

2,607
18,377
10,554
63,323
24,959
149,554
1,885
11,379

2,697
18,876
10,406
62,374
24,696
143,347
1,930
12,394

6,660
15,750
12,684
51,012
52,373
238,883
13,317
68,677

6,090
7,889
12,634
39,749
40,556
199,414
6,985
55,788

10,613
57,997
5.879
43,106

9,578
57,181

6,294
25,632
7,011
44,015
222,260

7,328
17,457

296,919

»

Balance
Dividends a

1155,712

27,757
78,716
23,823
136,363

41,186
291,532

Maine Railroad.

9,593,505
587.589

Totalnet
Flxedcharges
Sinkingfund

—

$3,973,960

1904-05.
1903-04.
1902-03.
1901-02.
$
$
$
$
36,213,245 34,894,608 33,738,984 31,840,694
26,619,740 25,271,907 24,233,372 22,433,151

Norfolk

to

1

184,911

240,214
473,455
3,016
18,099
5,919
41,399

June 30
Jacksonville Elect Co. June
Jan 1 to June 30
Lexineton St Rv
Julv
Jan 1 to July 31...
Northern Ohio Traction &
Jan

&

results for the last four years

Grossearnings
Operating expenses

Hudson Valley Ry

$1,666,204

$1,784,553

compare
EARNINGS, EXPENSES, ETC.

The

$

38,072
82,730

(.Hancock, Mich).

1,286,812

(Statement for the Year ending

44,059
86.31S

Houghton Co

$15,836,845

1,691,269

Balance, surplus
p. 2457.

Boston

Crosstown Street Railway
[Buffalo, N Y)—
April 1 to June 30. ..
Jan 1 to June 30

$14,213,105

1,684,664

— V. 80.

Interest Charges and Surplus.
Previous
Year.
$

$15,475,088

Mn,

d Falling off
g These earnings include besides the railroad property the results of
the gas, electric light ami steam heating properties.

Int., Rentals, etc.

L902 08

143,967,873
28,120,627

...$17,059,752 $15,904,374 $17,123,668
Totalnet income
$7,954,000
$7,052,197
$7,686,097
Fixed Charges...
150,000
230,000
230,000
For steamships
Dividends on common stock ...(6)5.577,000 (0)5,070,000(5 H)4, 047,500
300,000
514,133 (4)1,352,073 (4)1,
Dividends on preferred stock.

19,451

due to a strike and a boycott by the trades union.

Current
Year.
S

1903-04.

146,460,132
82,266,027

.Sill

a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.

—

1904-05.
$80,481 ,882
35,000,794

Interest received

80,557
1

year were as follows:

results for the fiscal

Gross earnings.
Operating expenses

16,906
,

()Gf>

Results for four years have been as below:

EARNINGS, EXPENSES AND CHARGES.

—

Passenger, mail
Freight

&

1903-04.

1904-05.
1,799

Average miles operated...
Earnings

1902-03.

1901-02.

1,723
1,712
1,679
$
$
$
$
express. 3,711,517 3,717,428 3.332,631 2,842,552
20,377,743 19,083,563,17,828,044 14,709,653

Total earnings
24,089,260 22,800,991 21,160,675 17,552,205
Operating expenses
Maint. of way & struct
3,095,910 2,854,163 2,754,200 2,131,048
Maint. of equipment
3,917,268 3,550,968 3,041,414 2,334,586
Counduct'g transportat'n. 7,136,484 6,813,496 6,014,468 4,853,109
General expenses
464,772
454,700
407,129
364,769

—

Total expenses

14,614,434 13,673,328 12,217,211
9,474,826 9,127,663 8,943,464
Fixed charges and taxes... 3,760,600 3,300,801 3,051,534

9,683,512
7,868,692
2,820,492

Surp. for dividends... 5,714,226
Divs. on pref. (4 p. c.)
919,524
Dividends on common
1,934,076
do
per ct_. (3 p. c.)
do

5,048,200
910,014
1,289,384

Net earnings

—

Balance,

surplus
V. 81, p. 212, 31.

5,826,863
919,524
1,934,076
(3 p. c.)

2,860,626

2,973,263

New York Ontario & Western

39.371
157,919

5,891,930
914,818
1,934,076
(3 p. c.)

3,043,034

(2 p. c.)

2,848,802

Railway.

(Statement for the Year Ending June 30 1905.)
x After allowing for other income received.

The

1904-5.
%
Gross earnings..
7,090,888
Oper. expenses and taxes.. 5, 050, 748

ANNUAL REPORTS.
Annual Reports. — The following
an index to

all

is

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 not include reports in to-day's "Chroni

—

Hn

triads, Kir.
A mertran f ;iue
in Lteht <v Traction
i'-k

Paqe.
">0 5

..

Dock * city Impr've'ml
ugh

560

Boffl&l
611
Calumet * Hecla Mining
504
Central of Ocorela
Gil
leather (statement to \. v.

Exchange)
504
"»i (6 mono..
Ckle. Pneumatic
Creamery Package Mfg. (balance
sheet Nov. 301
506
Duluth 8o. Shore <*
Qlobe-Weralcki
... 558
Ic

"I

•

.

Railroads,

]>

506

Oulf Refining e,
Fan. 11
Lowell Marhlne Shop (balance sheet

Mi nh

Central

i

:

siat'-s

-\atlon.il

Knam. A Stamping

i

<

*

W.

Bgl

Si

1,298,942
511,975

2,491,356
1,210,080

2,051,194
1,164,366

2,021.368
1,160,397

1,810,917
1,151,958

886,828

860,971

658,959

St.

Louis Southwestern Railway.
June 30 1905.)

(Statement for Fiscal Year Ending
The results for the year ending June
1904-5.
1,447

No. miles operated

Other income

~M)

1903-4.
1.303

compare

as below:

1902-3.

1901-2.

1,291

1,293

s

$

%

8,860,231
6,219,372

7. hums.-,

5,421 .597

7,278,675
5,266,163

'..260
5,173,067

2,640,859
182,975

2.227,888
90,469

2,022,411
182,602

2,094,193

2,823,834

2,318,367

2,205,01

$

Gross earnings
Operating expenses

—
,.,..

Total income

J

019
1,212

rl

int. on 1st M. bonds
Int. on con. M. bonds
Int. on Dal. Br, Vt. .......
Int. on 2d incomes

Buffalo Rochester &Pittsburgh Railway.

.

5,456,696
4,157,754

401,937

409,506

itu'lwayt

Taxes

June 80 [90S

The remarks of President Arthur G Yatet an
on pages G73 and 071 of to-day
JThefigorea of earnings, expense* b dance she*
piled for four years,
3, were given last week.518 e€

1901-2.

S
6,176,518
4,557,087

Dec. 31). 556

(bal. sh.

Indl

{Report for Fiscal Year Ending

6,652,483
5,072,936

1902-3.

1,619,431

surplus
— V. Balance,
81. p. 131.

Net (innings

L'nlted

612
812

S

1,579,547
471,647

871,770

elephoi

stm
and half-year)
Warren Broo. Co.

1903-4.

451,216

Dividend, lJi per cent

557
557

Petroleum

Street

Louis

* *

OH

I'tuii-i

I,

I

Net income...
Interest, rentals, etc

.

United

Mar-h 31)
Lyons He, t Suear K'flnlnK (balance
sheet

Etc.—

".".2,040,140

Net earnings
Other income

were as follows:

I'nnr.

812
National Novelty Corporation
Niagara Light Meat A Power
Nlles-Bement-Pond (balance Bl
506
Dec. ')
506
Oceanic Steamship
BOB
Page Woven-WIre Fence
Pflster A: Vogel Leather <i
Pittsburgh Coal (half-year).
Baca .t Petee Machine Shops (bal.
M8
sheet Apr. 29)
555
Southern ity

>

Ouffr-y Petrol

results for the fiscal year

•

en in

full
ii-

I

•
.'

Equipment payments.
.
Lis and mi
ous.
I

Total

payments
menl

Mai. over all paj
V. 81, p

m

1

.
-

00

81

130 420
218,195

'

14,0
10 160

800,i

848

19

»00

130,460

100
'

1'

'•

|

'

1

;
'

68,319

...1,780,011
1,043,823
.

00
504,600

800,000
077

1

1

11,413

143

51

.'.'.
'

53

.,1

.

190

THE CHRONICLE.

f><>6

Interborough Rapid Transit Co.
(Report for Fiscal Year Ending June 30 1905).
The Subway road was placed in operation on Oct. 27 1904.
The results for the Subway division were us follows:
8 1-6 months
$1,349,871
$3,639,077
1,850,448
701,427

2nd quar.

\st<iunr.

$1,477, in;

689,767

14,513

$787,349
83,975

$648,444
83,000

$1,788,629
181,488

$367,349
175,155

$871,324
236,198

$731,444
228,236

$1,970,117
639,589

Net earnings
Oilier income

$352 ,830

Total income

Charges

$635,126
Balance, surplus... $192,194
Surplus of Manhattan Rv. (see below) over 7 p.
dividends for year 1904-05
Total surplus of system for
Assets

fiscal

1904.

1905.
$

c.

$2,282,319
30.

Liabilities

Cost of lease and

1904.

1905.

$
$
35, 000,000 35.000.000

Capital stock

10 ,000,000
Gold notes
Int. on bds. Man.

Ry.due&accr'd

Man .Ry .lease ac't

555,081
152,603
377,450

Dividends unpaid
Due for wages

92*543

Sundries

295,209
03,003
382,323
699,740
132,152
473,722
9,486

Sup'es, taxes, &c.
554,235
Due cos.&indlv's 4 002.911

and premium
on capital stock
Taxes in litigat'n
(sur.)

Total

55,197,539 40,393,852

1
1

220.000
848,405
794,311

046.502
918,665
1,773,050

55.197.539 40.393,852

81, p. 211. 155.

Manhattan Railway.

1904-05.
$
Gross earnings. 13,198,290
Oper. expenses 5,546,937

Net earnings
Other income.

7,651,353

309,552

—

Hickman, Lewis, Wayne and Lawrence, Tenn.
The company owns
one pig iron furnace at Warner, in Hickman County, Tenn., and two at
Allen's Creek, in Wayne County, Tenn.
The latter two only are at
present in operation.

These furnaces produce a special high silicon
brand of iron, known throughout the United States as "Alanine" softener,
and which is highly prized by all foundryuien. A large amount of
money has been expended on these furnaces, ore mines, ore- washing
plants, railroads, quarries, etc.. in bringing them up-to-date, with
modern mining machinery and the latest type of blowing engines and
hot blast stoves.

The two Allen's Creek furnaces are located on Buffalo River, near the
company's brown ore mines, which are admitted to be the most valuable
brown ore deposits in the South. All the coke now being used, about
250 tons per day, is brought from Wise County, Va., but this will be
furnished from our Eastland colliery as soon as the coke-oven plant at
that point is completed.
The saving of 50 cents a ton freight on 250
tons of coke per day will amount to SI 25 per day, which will be in addition to the profits' derived from the operation of the coke ovens.
Since organization on July 1 1902, with practically only
one coal mine, and until recently only one pig iron furnace in
operation, the profits have been as follows:

STATEMENT FOR
Profits

—

Iron and coal

1903-04.
$
14,187,683
5,846,052

1902-03.
$
12,208,337
5,400,794

1901-02.
$
10,665,911
5,518,585

8,341,631
341,505

6,747,543
346,859

5,147,326
625,800

...

Total

8,683,136
2,880,909

7,960,905

7,094,402
2,820,859

5,773,126
2,699,671

Balance
Dividends

.

... 4,815,791
..(7)3,864,000

5,802,227
4,273,544
(7)3,876,503 (6^)3,546,000

3,073,455
(4)1,920,000

Surplus

—V.

727,544

1,153,455

951,791

1,925,724

79, p. 2588.

Missouri Kansas

&

1904-5
1903-4.
1902-03.
1901-02.
Gross earnings,
$20,041,095 $17,766,595 $17,208,193 $16,391,400
Oper. exp & taxes.... 14,937,720 12,997,709 12,449,083 11,871,565

Netearnings
Fixed charges

$5,103,375
4,261,365

$4,768,886
4,019,240

$4,759,110
3,758,759

$4,519,835
3,644,709

$842,010

$749,646

$1,000,351

$875,126

Balance, sur...
-V. 81, p. 613, 265.

Gulf

The

&

Average miles operated
Gross earnings
Operating expenses and taxes
P. c. of exp. and taxes to earns

Cash

bank

in

$92,139

Net earnings
Other income
Total net income
Fixed charges

—V.

Surplus

(74.48)

(67.02)

(63.32)

480,155
6, 221

$600,581
11,800

$625,429
3,719

$486,376
306,926

$612,381
243,982

$629,148
195,430

$179,450

$368,399

$433,718

Arkansas Railway.
(Statement for the Year ending June 30 1905.)
The results for the fiscal year were as follows:
1904-05.
167
$844,536
516,418
(61.14

1903-04.
148
$704,671
490,271

1902-03.
127
$532,534
371,707

(69.57)

(69.80)

Net earnings
Other income

$328,118
20,050

$214,400
24,186

$160,828
17,842

Total net income
$348,168
Fixed charges and other deductions.. 141,352

$238,586
124,614

$178,670
70,027

$113,972

$108,643

Balance, surplus
79, p. 2096.

$206,816

Bon Air Coal & Iron Co., Nashville, Tenn.
(Report for Fiscal Year Ending Dec. 31 1904).
At the annual meeting in Augusta, Me., March 14 1905,
this company, formed July 1 1902 by the consolidation of the
Bon Air Coal. Land <": Lumber Co. and the Buffalo Iron Co.
(see V. 79, p. 2590), made the following statement:

—

Bon Air Division. This division consists of 40,000 acres of coal lands
lying in the counties of White, Putnam, Van Buren and Cumberland,
Tenn., underlaid with Bon Air coal, unsurpassed in the South as a
domestic, steam and gas coal. The timber is practically in its virgin

Total deductions

$386,170
$6,542

31 1904.

Total

$4,790,614

—

Q

Common stock

$1,876,05$
1,876,057
Bonds, Buffalo River Div
240,333
Bonds, Bon Air Div
161,500
Gen. mort. bonds outst'g
346,000
Ace's pay'ble, open ace.
140,946
Accrued coupon interest
19,906
Bills payable
88,983
Taxes
5,689
Dividends payable
28,600
Surplus account
6 ,542
Pref. stock

Total

$4,790,614

The authorized

issue of capital stock is $5,000,000, of
which one-half is 6 p. c. cumulative preferred; par of shares,
$100. There still remains in the treasury (March 14 1905)
for purposes of extensions and broadening the operations of
the company, $623,942 each of preferred and common stock,
and $184,000 of general mortgage bonds, after proTiding for
the two underlying issues.
(V. 79, p. 2590.)

United States Envelope Co.

The

(Report for the Year ending June 30 1905.)
statements for the fiscal years ended June 30 show:

months
Deduct —

$532,053

first M bonds
$120,000
on deb. bonds..
11,149
Div. on pref. stock.. (5)187,500

Int on

.

.

Int.

83,324
75,000

Depreciation
Sinking fund
Sundry adjustments.
Total
Carried to surplus

—

Plant investment S
Stock on hand
Arcts.& bills rec.
for

coupons.

Treas. st'k. com.
Treas. Bt'k, pref.
Sinking fund
Machinery sold..

Gross earnings
Operating expenses and taxes
Per cent of exp. and taxes to earns

—V.

860,909

Air plant, etc
418,283
Ravenscroft, plant, etc.
169,014
Eastland, plant, etc
188,255
Office furniture.
3,421
Lands, 120,000 acres ... 2,775,356

Cash
Cash

&

Average miles operated

•

Bon

Assets

81, p. 264. 211.

Louisiana

Due on open accounts..
Pigiron&supplies at cost
Buffalo River Division..

8,111
138,795
136,331

1904-05.

1902-03.
251
$1,705,047
1,079,618

14,001
5,585
18,301

53,840
17,340

interest

Miscellaneous

Liabilities

Profit 12

1903-04.
261
$1,829,816
1,229,235

Coupon

BALANCE SHEET DEC.

•

1904-05.
275
$1 ,877,397
1,397,242

Taxes

$277,103

$509,924.

Ship Island Railroad.

(Statement for the Year ending June 30 1905.)
results for the fiscal year were as follows:

31 1984.

Deductions
Dividends paid
Interest and discount
Insurance

During this period of 2% years the company has expended
improvements on furnaces and in opening coal mines,

Texas Railway.

(Statement for Fiscal Year Ending June 30 1905.)
The results for the late fiscal year compare as follows:

—

$392,712

Total
Surplus account

Bills receivable

Fixed charges. 3,145,114

YEARS ENDING DEC.

100,151
37,196
6,006
22,408
3,031

Miscellaneous

in

2]/2

$223,920

Commissaries
Rents
Ore sales

Timber

(Report for Fiscal Year Ending June 30 1905.)
The results under the lease to the Interborough R. T. Co,
have been as follows:

LXXXI

state, only a small amount ol it having been used, leaving the lands
well timbered with white oak, poplar, hickory and all of the other hard
woods native to Tennessee. On a large portion of this land there is
also a four to six foot vein of excellent coking coal, which is now being
worked at the new Eastland collieries, where 200 coke covens are nearing completion.
The Bon Air coal is being mined from the original
Bon Air mines, and at the new ^haft mine at Kavenscroft, in Putnam
County. The company owns the towns of Bon Air, Ravenscroft and
Kastland, all of which are incorporated, with a population of several
thousand each. These towns are models ol the mining town.
Buffalo River Division.
This division consists of about 80,000 acres
of brown ore lands, well timbered, lying in the counties of Dickson,

Int.

Pront&loss
Total

—

$

equip ol subw'y24 700,858 15.330,107
Stocks and bonds
17 ,505,682 15,555,113
of other cos
Oth. per. invest's 1 ,781.928 1,150,216
Supplies on hand.
534,413
895,847
13,939
11,108
Due on traffic
762.871
Due on open ac'ts 3 792,144
2 014,777 2.432,770
Cash on hand
143,000
492,500
Loaned on collat.
Manhattan gu. fd 4 107.190 4,018,812
88,327
84,721
Prepaid insurance
Sundries
15.781
9.227

—V.

$1,330,528
$503,208
guaranteed
"....
951,791

year

BALANCE SHEET JUNE

—

Total

1905.

1905.

1904.

66 days.
8812,090
Gross earnings
Operating expenses... 459,254

[Voi.

1903-04.
$572,091

$120,000
10,729
(5)187,500
92,169
75,000

1902-03.

1901-62.

$559,063

$485,010

$120,000

»120,000

12,396
(5)187,500 (4>i)159,375
29,871
50,044
75,000
75,000

13,233

$476,973
$55,080

BALANCE SHEET JUNE
1905.
1904.
,293,949 $0,084,046

751,824
051.161
66.136
60.325
250,000
250.000
566,165
2,667

725,896
594,951
156,201
60,570
250,000
250.000
470,555
11.470

...$8,892,227 $8,603,689
Total
-V. 79. p. 785.

$444,940
$114,123

$498,631
$73,460

$384,246
$100,764

30.

—

1904.
1905.
Preferred stock .$4 000,000 $4,000,000
1 ;ooo,ooo
1,000,000
Common stock
First mtg. bonds
000,000 2,000,000
Liabilities

Debenture bonds
Bond coupons
Accounts payable
Reserve for dep'c

& loss. sur.
Sink, fund reserve
Profit

Total

229,000
60.325
227,255
300,000
509, 4S2
566,165

200,000
60.570
193,161
225,000
454.403
470.555

.$8,892,227 $8,603,689

National Rice Milling Company.
Months Ending June 30 1905)
The stockholders, having changed the fiscal year to end
June 30 instead of July 31, the accompanying statements
President Henry
are for a period of eleven (11) months only.
Kahn, under date of Aug. 2, says:
The following additions and improvements have been made during the
past season, viz.: The Jennings irrigation plant No. 1 has had its main
(Report for 11

lateral canals extended 10 miles at a cost of $17,096, which enables
to irrigate about 4,500 additional acres of rice lands at a very slight
additional cost of operation, so that this outlay will soon be repaid.

and
it

(or provided for) in improvements and additions
These expenditures, amounting
to the various other properties $11,371.
to $28,466, have been charged to the general profit and loss account.
In addition to the foregoing, there has been expended or provided for
in sundry improvements and repairs to the properties $23,566, which has
been charged to the operating expenses of the present fiscal year.
During the season just passed it became apparent that it would be
impossible to carry on the constantly increasing business on an economical
basis without largely increasing the facilities for the handling of rough
rice, and increasing also the warehouse capacity at New Orleans.
therefore decided to erect a modern elevator on property owned by the
company adjoining mill "A" plant, New Orleans, for the handling of

There has been expended

We

— —
An;.

L9 1905.

THE CHRONICLE.

|

rice in
thoroughly economical manner: also, by removing the old
building then on thai site to another point adjoining tin' same plant, to
provide also the additional storage capacity needed for by-products.
These Improvementa will cost approximately $85,000. bu1 it i> belli i-ed
will amply pay not only by tin' greater economy in handling, but also
in tin- Increased capacity of tin- mill.
The company handled in the past season 897,000 bags of rough rice,
and it is hoped that a still larger quantity may be handled in tin season
now opening, and there seems to be no reason why the company should
not have an equally successful year, notwithstanding the fact tint a
Shortage, variously estimated at from 20 to :S0 p. e. is pre dieted lor the
coming season's crop of rice.

rough

RESULTS FOR THE ELEVEN MONTHS ENDING JUNE30
Cross profit from trading
Administration expenses (.salaries, $13,017; general, $3,574)

V"

from trading
Irrigation plant No.

-.-

—

Net profit on the business
Dividends paid, 6 p. c. per annum on preferred stock

SM

!

.$155,833

$961,892
281,848

Merchandise on hand..
Treasury stock.
Stock in vestments

Cash..

10,000
2,817
88.S64
7,886
19,756

Total

$1 ,373 ,064

Bills

A

Unex.

30 1905.

Liabilities

owned

Properties

accts. receivable
insur.A: taxes

—

Preferred stock
Common stock

payable
Dividends
Bills

Sundry reserves
Profit

&

loss

.

—

Marquette RR. Land Grant Bonds.

(Statement of Trustees Oct.

The

1

1903

—

Receipts
Credit Oct. 1 1903..
On contracts and deeds

_.

timber sales
Interest on contracts
Other interest

Discount on bonds purchased
Miscellaneous
leases

Total

No. of acres

in

—

1903 to Jan.

$29,908
L'lT.tttf.

Tax account
Canceled bonds
D.S.S. & A. RR.. claim

31,521
1,116,000
39,918
3,000
42.020

Miscellaneous

Cash

1

In

bank Jan.

1

1905

Total

$1,179,402

and unsold

to Jan. 1 1905 was:
original grant, after deducting 20,000 acres to

construction

Deduct —

sold

company

1,307,129

I

.

No. of acres deeded
(consideration, $843,355)
of acres under contract
(consideration, $1,040,873)
No. of acres applied for, part paid

307,317
810,864

560

deductions

Total

1

—

annum)

966,780
174,419
393
2.750
$1,479.402

_

The acreage

1905.)

Interest on bonds (6 p. c. per

I4.75fi

Bills receivable

1

1

onsets
Paid Land dopt

$69,710
171.385
42,838
36,371

On

Mining

Jan.

to

and disbursements from Oct.

receipts

1905 were:

18,740
18S.388

1, 1

No. of acres unsold
a Mineral rights are reserved on 92,540 acres sold in

Marquette County.
In addition to the unsold land, timber and reserved mineral rights, there is the Armenia mine and several mining
options, and mineral possibilities in the lands unsold.
Bonds outstanding Jan. 1 1905 (originally 84,560,000)
$1,655,000
(The trustees recently purchased $223,000 (not $332,000) of
the bonds, which reduced the outstanding amount to$l,432,000.)— V. 81, p. 210, 155.

New York & Richmond Gas

Co., Staten Island, N. Y.

(Official Statement.)

President Robert L. Forrest,
with the following:

'<\

Gross earnings, fi7;i

1003;

some time

since, favored us

—

Organization.
Organized in 1901 under the laws of the State of NewYork, and acquired, through merger and consolidation, all the rights,
franchises and property of every kind of the Consumers* Gas Light Co
organized 1887, and of the Richmond County Gas Light Co., organized
1S56. both of Richmond County, which properties were taken over free

$1,481, 400
1,000,000
20,563
8,333
41,614
15,000

.

and

loss

Total assets
V. 78, p. 771.

Total

.$2,575,910:

$2,575,910

liabilities

N. K. Fairbanks Company.
(Balance Sheet.)
This Illinois corporation filed the following balance
with the Massachusetts authorities on July 21 1905:

—

Assets
Heal estate

Liabilities

$1,160,843
1,111,7X0
Machinery
Cash ft debts receivable. 1,012,726
Supplies, merchandise.. 2,105,307
Good-will, trade-marks, Ac
56,622
Total

Accounts payable
Surplus.

..$2,000,000
2,021,813
1,425,465

$5,447,278

Total

$5,447,278

.sheet

—

Capital stock

GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.

—

$1,373,064

—

&

Dec,

Depreciation reserve

F-J^E

Total

and balance

General Bakmct Sheet Dec. 81 1903
.$2,516,516 [Capital stock
t'ash
._._
10,167 Bonds
Accounts receivable
35,023 (Accounts payable
Material on hand
14,204 Bond interest

Plant and property

13,591
155,833

account..

Henry Kahn, President; A. Baldwin Jr., Vice-President;
Directors.
P. P. Lynch, Secretary and Treasurer; R. E. Craig, Adolph Katz, Isidore
man St., Capt John H. Hanna, Albert Baldwin, Peter F. Pescud,
P. P. Lynch, F. Q. Keasbey, Simon Pfeifer, T. J. Feibleman, all of
New Orleans, except Mr. Keasbey the New Jersey representative. V.
73. p. 1163.

Detroit Mackinac

operations, year ending

$669,500
335,220
48,605
150,000
315

Accounts pavable

of earnings

total expenses, Including depreciation and other charges, 104,026
Nel earnings, 181,061.
profits. 985,637; less gas appliances cos) $4,571.
Annual interest, $60,000, is the onh charge against ae1 earnings

2,491

$119,228
40,170

Surplus over dividends
$79,058
Surplus brought forward Ant:. 1 1904, $105,241; less improvements charged to profit and loss, $28,466
70.775

BALANCE SHEET JUNE

statement furnished

Profit

$llt'.,7:rj

Surplus as per balance sheet June 30 1905

latest

sheet follows:

L905
16,591

-

-

The

(J(iT

$133,328

1
Net proceeds of rice received as nut,
$12,199; Operating expenses, $9,703; net

.

— —

Aurora De Kalb & Rockford (Electric) RR. Notes OfR. H. Goodell & Co., Chicago and New York, offered last week as a 5 p. c. investment $100,000 4-months

fered.

—

notes of $2,000 each at 5 p. c. discount, each note secured
first mortgage 5 p. c. bonds.
An advertise-

by $3,000
ment says:

These bonds are secured by an absolute first mortgage on 30 miles of
standard-gauge, high-speed, electric freight and passenger railway,
running from Aurora, 111., to DeKalb, 111., over a private right of wayaveraging fifty feet in width, and with a 40-year franchise in Aurora
and a 50-year franchise in DeKalb, with intermediate franchises perpetual; 22 miles of the road between Aurora and Maple Park are already
completed and the remaining 8 miles between Maple Park and DeKalb
will be finished by Aug. 15, after which date the road will be open to
both freight and passenger traffic. The bonds are further secured byabsolute ownership of the only gravel pit between Aurora and the Mississippi River, containing approximately 40,000,000 cubic yards of
highest grade of gravel in Illinois.
A minimum of 350,000 cubic yards
of this gravel per year for five years at Q% cents per yard (with option of
renewal atla price to be fixed by arbitration) has already been contracted
for.
Besides this, the railroad is guaranteed 5 cents for trackage privilege for every yard of gravel hauled over its fine, thus insuring not only a
steady market for freight, but also a total revenue from this source alone
of \\% cents per cubic yard of gravel, or over $40,000 per annum, which
is more than enough to pay the interest on the bonds.
Theodore Worcester, President; J. A. McDirectors of Railroad.
Donald, Secretary; William George (President Old Second National
Bank, Aurora), Treasurer; V. A. Watkins and Gilbert B. Shaw, directors,
American Trust & Savings Bank, Chicago; William C. Ross, F. D. Winslow and State Senator H. A. Evans.

—

The notes offered are made by the Ross Construction Co.,
"The statement
Chicago, and are endorsed by W. C. Ross.
of the Ross Construction Co. shows quick assets of $359,516,
against total liabilities of $195,000."
Benton Power & Traction Co., St. Cloud, Minn. Successor.
See Public Service Corporation, St. Cloud, below.
V. 70, p. 531.
Big Sandy Ry. Guaranty. The first"} mortgage 4s of
1904, due June 1 1944 ($5,000,000 authorized), are endorsed
with the following:

—

—

•

•

•For value received, the Chesapeake & Ohio Railway Co. does hereby
guarantee the due and punctual payment of the principal and interest of
the within bond according to the terms thereof, and of the mortgagelor
deed of trust securing the same; and in default of such payment by the
Big Sandy Railway Co. the Chesapeake & Ohio Railway Co. agrees to pay

same forthwith.
In witness whereof, it has caused this guaranty to be executed by its
President or Vice-President, and its corporate seal duly attested to be
hereunto affixed this first day of June 1904.
Presi(Signed Chesapeake & Ohio Railway Co. by
dent; witnessed by
Secretary .)
the

,

,

Compare report of Chesapeake & Ohio Ry., V. 79, p. 917.
Boca & Loyalton RR. —Called Bonds. First mortgage
and clear. The company's territory is that section of New York City
known as Richmond Borough, Staten Island. The maximum daily 6 p. c. bonds of 1903, Nos. 1 to 8 inclusive ($8,000), have
capacity of the plant is about 800,000 cubic feet water gas, with a new
been called for redemption and will be paid at 110 and intcoal gas plant of about 600,000 cubic feet daily capacity under construction.
The distributing system of gas mains aggregate 73 miles, and the erest at the Mercantile Trust Co., San Francisco, on Oct. 1
company had in use 5,831 meters on Dec. 31 1904.
1905.
The road is now controlled by the Western Pacific
Capita'

—

The authorized capital stock is $1,500,000, full paid
Slock.
and non-a=s<"able, divided into 15.000 shares of $100 each. Transfer
agency. 36 Wall St., New York City.
Registrar, Central Trust Co.,

New

York.

— The

funded debt consists of $1,150,000 first me
5 p. c. gold bonds of $1,000 each, in coupon form, with p
ol regisCentral Trust Co. of New York, trustee and registrar.
tration.
The
bonds are dated May 1 1901 and mature May
1921, interest May
and Nov. 1 at its fiscal agency, New York, N'. Y. The compa
may
redeem all or any part of the issue at 110 and accrued inn re
on any
interest day upon three months' notice.
in'
Both principal and
are payable in gold coin of the United States. ,f the present standard of
'ht and fineness, without deduction for any tax or ta
the
company may be required to pay thereon or to retain thi
index
any present or future law of the United state,, or of any
inty

Fund"!

Debt.

1

1

I

(

!

:

municipality therein.
The authorized Issue ol II
the
$350,000 unissued bonds, are to be Issued only to reimburse the ompany
for the actual cost of extensions of or additions to the
I'
Robert L. Forrest, Frederick ELShelton, Phila
Pa.;
rrowbrldge Hollister, Charles B. Van Nostrand, Thomas
H or ton,
York, N. Y. Officers: Robert L. Forrest, President: Charles B,
van Nostrand, Vice-President and Treasurer; Frederick II. Stelton
Chief Engineer; Thomas C. Morton
rv and Manager.
General
office:
Btapleton, Richmond Borough, New' York City,
i'nident's
office, 421 Chestnut St., Philadelphia, I'a.
or

<

i

—

Ity.— V. 80, p. 1174.
Canadian Pacific Ry. Double-Tracking. A contract involving an outlay of about $3,000,000 has been let on
count of the double-tracking now proposed, between Fort
The
William, Ont., and Winnipeg, a distance of 427 miles.
total cast of this improvement, it is thought, will be some
$10,000,000, much heavy work in the way of rock cuts and
grading being involved. The re-laying of the entire main
line with 80-lb. rails will be completed. i1 is Btated, by Jan.

—

1

1906.

Report.— See page 665.— V. 80, p. 2457.
Central of Georgia Ry. Coupon Sheets for Income Bond
with
The Guaranty Trusl Co, on Oct. 2, under agreement

company, will al option of holders receive aepo its of the first, second and third income bonds and will
attach thereto sheets of interesl warrants, payable to bearer,
and representing the instalments of interesl which may be
for <a<h fiscal year
earned, declared and payable Oct.
the railway

i

THE CHRONICLE.

068

|

Vol. lxxxi.

after the fiscal year ending June 30 1905.
The bonds will
be stamped as follows:
All interest payable upon this bond Oct. 2 1905 and prior thereto has
been paid In full. Interest warrants for the years 1900 to 1945 inclusive,
payable to bearer, have been attached hereto, and by agreement between
[be holder and the railway company no further interest Is payable upon
this bond, either registered or not registered, except to the bearer of
iliese warrants.
This bond may be registered as to principal only.

over to the Indianapolis Shelbyville & Southeastern Traction
Co. in exchange for its entire property, and has passed to
the Indianapolis & Cincinnati Traction Co. (see page 2533
of our "Street Railway Section"), for which company the
stock of the old corporation WQ£ held in trust.
The new company has issued 81,000,000 of 5% 30-year
gold bonds, interest payable semi-annually Jan. 1 and July 1
V. 81, p. 613. 611.
at the Farmers' Loan & Trust Co., as trustee; of which
Chespeake & [Ohio Ry. Guaranty. See Big Sandy Ry. $500,000 will remain with the trustee to meet the outstandabove.— V. 80, p. 2219.
ing bonds ($500,000; of the Indianapolis Shelbyville &
Southeastern Traction Co.; the other $500,000 being issued
Cleveland Short Line Ry. Officially Revised Statement.
Arrangements are being completed for the construction of to the company at once for the purposes of the new cona four-track-belt line to encircle the city of Cleveland, con- struction. These bonds (denomination $1,000 each) are
dated July 1 1905 and are due July 1 1935, but are subject
necting with the following steam roads entering that city.
Lake Shore & Michigan Southern; New York Chicago & to call in any amounts on any interest date at option of
company at 105 and interest.
St. Louis; Pennsylvania; Erie; Cleveland Cincinnati Chicago
After the transaction above referred to the Indianapolis
& St. Louis; Cleveland Lorain & Wheeling and Baltimore &
Ohio. Total length of line, 60 miles. Construction is to & Southeastern Traction Co. leased its entire property to
the Indianapolis & Cincinnati Traction Co. for 999 years,
begin immediately.
(All allusion to the alleged electric
and turned over to that company the $500,000 of bonds
and elevated features is eliminated).
The company was incorporated Nov. 24 1902 with nom- available for construction proposed above. As part of
the consideration of the lease the Indianapolis & Cincinnati
inal capital stock ($10,000, since increased to $250,000)
Traction
Co. guarantees all of the bonds of the Indianapolis
and, it is said, will make a bond issue of probably $10,000,000.
H. M. Hanna, a brother of the late Senator Hanna, W. R. & Southeastern Traction Co. and guarantees the dividends
Hopkins, J. G. W. Cowles, Ben. F. Hopkins, M. A. Fanning on its preferred stock after Oct. 1 1908, the dividends on
and United States Senator Charles Dick are promoting the that stock being cumulative after that date, but not before.
The Indianapolis & Cincinnati Traction Co. agrees in the
enterprise.
lease to operate the property of the Indianapolis & SouthColorado & Southern Ry. Syndicate Call.
Hallgarten eastern Traction Co. and pay over to that company 50% of
& Co. have issued a call for 40 p. c. of the subscriptions to the the gross receipts of the line year by year, and this 50% of
issue of $15,000,000 refunding and extension 4^ p. c. mort- the gross receipts goes into the treasury of the Indianapolis
gage bonds.— V. 80, p. 2620.
& Southeastern Traction Co. as a trust fund to be applied
Delaware Lackawanna & Western RR. New Hoboken only as follows:
1st. To the payment of general taxes.
Terminal.- The complete destruction of the company's ex2nd. To the payment of interest on the bonds of the Indianapolis
tensive terminals at Hoboken, N. J., by fire on Aug. 7 will
& Southeastern Traction Co. and such of the bonds of the Indianapolis
hasten the building of the new and modern station, extend- Shelbyville & Southeastern Traction Co. as may be still outstanding.
3rd. To the payment of dividends on the stock of the Indianapolis
ing some six hundred feet along the water front, for which
plans have recently been in preparation. The upper works & Southeastern Traction Co.
4th. Any surplus to be disposed of under the orders of the board of
of one of the new ferry boats was badly damaged by the directors of the Indianapolis & Southeastern Traction Co., which of
flames.
The company was able, with the assistance of course will mean that such surplus will be paid as dividends on the comthe neighboring roads, which honored its suburban tickets, mon stock of the company which will be held by the Indianapolis & Cincinnati Traction Co.
to continue its passenger service, notwithstanding the disUnder this lease the Indianapolis & Cincinnati Traction
aster, with only a few hours interruption.
V. 80, p. 1234.
Co. is to build the new line between Shelbyville and GreensEastern Wisconsin Ry.& Light Co., Fond du Lac, Wis.
burg and re-equip the entire line. That company is also
Sale of Bonds.
The bond department of the American Trust building an extension to its line this year from Rushville to
<fe Savings
Bank, Chicago, has purchased $362,000 of the Connersville, and hopes to have it in operation as far as
1st mortgage 5 p. c. bonds that were held in the treasury.
Connersville by the first of next year, as well as the extension
The company owns and operates the street railroad, gas and of the Shelbyville line to Greensburg. When this is done it
electric-light plants in Fond du Lac, Wis., a growing city of
Indianapolis
will have two lines in operation, as follows:
22,500 population, and an interurban railway 15 miles in via Rushville to Connersville, 56.4 miles; Indianapolis via
length connecting Fond du Lac and Oshkosh. The total
Shelbyville to Greensburg, 47 miles, all of which will be
bonded debt is $900,000. See page 2524 of "Street Railway" equipped and operated under the new system with singleSection.— V. 77, p. 1533.
phase alternating current.
Galveston Harrisburg & San Antonio Ry. Purchase ComThe line from Indianapolis to Rushville, 40 miles, is in
pleted.
The company announces by circular that on Aug. 8 operation with the single-phase alternating-current system,
1905 it purchased under authority of an Act of the Legisla- and the managers, we are informed, are highly pleased with
ture of Texas approved May 3 1905 the railroads of the New the result.
"Although our road is new, we are now making,"
York Texas & Mexican Ry. Co. and the Gulf West. Texas & they say, "the best schedule time of any traction road in the
Pac. Ry., with their franchises and appurtenances, and on State."
the date of the said purchase assumed possession, and will
Mexican Central Ry. Option Exercised. See Mexican
hereafter operate said properties.
This company has also
purchased under authority of the same Act the railroad of National Construction Co. below. V. 81, p. 31.
the San Antonio & Gulf RR., with its franchises and appurMexican National Construction Co. Purchased. The
tenances, and has assumed possession.
V. 81, p. 211.
Mexican Central Ry. Co. has given notice that it will on
Great Northern Ry. Vancouver Extension. See Van- Sept. 1 exercise its option to purchase the stock and scrip
deposited with the Commercial Trust Co. of Jersey City,
couver Victoria & Eastern Ry. below. V. 80, p. 1479.
Hampton Roads (Va.) Railway & Electric Co.—Re- per terms stated in V. 80, p. 2621. Over 95 p. c. of the
port of Special Master.—-The
"Times-Herald" of New- stock has been deposited. V. 80, p. 2621.
port News, Va., Aug. 14, states that Special Master H.
Withdrawal of Land Grant
Missouri Kansas & Texas Ry.
H. Little has filed his report, showing: Liens filed for rec- Suit. We have confirmed the report that the company has
ord (not including court costs, receiver's or counsel fees), withdrawn without prejudice the suit which has been pend$1,037,252, viz.: $750,000 first mortgage bonds, $50,000 ing for some time to secure possession of land in the Indian
second mortgage bonds, $152,350 receiver's certificates; bal- Territory valued at $40,000,000, which the road claimed
ance judgment liens, taxes and unsecured claims.
under a grant made by the Government about 30 years ago.
The road was intended as a competitor to the Newport (Compare V. 79, p. 903.)
News & Old Point Ry. & Electric, in which Alexander
Report.— See page 666.— V. 81, p. 613, 265.
Brown & Sons of Baltimore and Brown Bros. & Co. of New
New York Westchester & Boston Ry. Contract. This
York are interested. It was not successful, and went into
company has awarded a contract for grading and masonry
receiver's hands Aug. 28 1903. It is reported that the bondwork (on the nearly 5 miles of the line lying within the city
holders will bid in the property and endeavor to reorganize
limits) amounting to about $1,100,000, to James P. Mcit.— V. 81, p. 507.
Donald. Work was begun on a small scale several months
Indianapolis & Cincinnati Traction Co. Subsidiary Com- a
._V. 80, p. 2458.
pany—Guaranty .— See Indianapolis & Southeastern Trac- g North Pennsylvania RR. Funds to Pay Bonds. The
tion Co. below.
V. 79, p. 2456.
funds to pay the $1,200,000 collateral trust 6s due Sept. 1
Indianapolis Shelby ville & Southeastern Traction Co.
1905 will be provided by the Reading Company through purSuccessor.
See Indianapolis & Southeastern Traction Co. chase at not less than 200 (being about $100 per share, par
below.— V. 77, p. 2159.
$50) of $600,000 of the $1,200,000 treasury stock of the
Indianapolis & Southeastern Traction Co. Successor North Pennsylvania Company, deposited with the GuaranCompany New Bonds Lease Guaranty. This company tee Trust Co." to secure the bonds. By this transaction the
has been organized to construct, own and operate a line from Reading, which operates the property under lease for 8 p. c.
Indianapolis via Shelby ville and Greensburg to Batesville, dividend and interest upon the bonds, will effect an annual
V. 81, p. 559.
Ind., with the purpose of acquiring by purchase the property saving of about $24,000 in fixed charges.
of the Indanapolis Shelby ville & Southeastern Traction Co.,
Consolidated.
Traction
Supplementary
AgreeOakland
that company now operating a line from Indianapolis to ment. The company has filed with the Union Trust Co.
Shelby ville only, and constructing this year an additional of San Francisco, the trustee under the $7,000,000 mortline of 20 miles from Shelbyville to Greensburg.
(V. 77, gage of Jan. 2 1905, maturing Jan. 2 1933, a supplementary
The capital stock of the new company is $1,200,- agreement providing that by July 1 1928 the sum of $6,000,p. 250.)
000 ($600,000 being preferred), all of which has been turned 000 in cash or its equivalent in bonds, secured by said deed

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Aug.

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Ohio Connecting Railway.—Guaranty, The
mortgage 4 p. c. bonds of 1903, due Sept.
endorsed as follows:
first

1

S2,ooo.iioo
1943, are

1

Aavit

TAYLOR,

S

"n*

.

Attest:

Vite-Ptesident.

S.

CHURCH,

H.

elt: y.

See page 396 of our "Railway and Industrial" Section for
July 1905;

—

Ohio Traction Co. Sale of Car Company. The directors
on Aug. 12 voted to sell the Cincinnati Car Co. to the proposed street railway ear builders' consolidation (V. 81, p.
563). The capital stock of the Cincinnati Car Co. is $100,000,
The purchase price is
all owned by the Ohio Traction Co.
not made public, but is supposed to be a number of times the
par value of the share capital. The shops, it is said, at present employ about 600 men and have an average capacity of
600 cars yearly.— V. 80, p. 2220.

Pan-American RR.

Construction.

— President D.

P.

Doak

of St. Louis is quoted as saying:
The construction of the second division of the road is being pushed
forward rapidly. Tliis division runs from the town of Jalisco to the
Guatemalan frontier, near Tapachula, about 200 miles. The grade is
practically completed and track is being laid at the rate of a kilometer
a day.
The first division, which runs from San Geronimo, a station on
the National Tehauntepec RR., to Jalisco, a distance of about about
200 kilometers, or 124 miles, is completed and has been in operation
for several months (namely, since Nov. 1 1904).

—

The officers are: D. P. Doak, President;
M. Neeland, Vice-President and General Consul; G. E.
Towle, Treasurer. The headquarters are at Jalisco, Chiapas,
Officers.

J.

Mexico.— V. 78, p. 1550, 103. V. 77, p. 452.
Reading Company. Funds for Payment of Bonds.
North Pennsylvania RR. above. V. 81, p. 212.

—

— See

Rutland (Vt.) Street Ry.

Securities Bid in for Trust Co.
(the Chittenden(Vt.) Power Co., the People's Gas Light Co. of Rutland and the Vermont & Whitehall Street Ry.), which were sold at auction
last week, were bid in by the receivers of the Merchants'
Trust Co. See "Auction Sales" in V. 81, p. 596.— V. 81, p.

— The

securities of this

company

508.

Syracuse Lakeside

&

Baldwinsville (Electric)

Sold.
— At the foreclosure sale in Syracuse on Aug. 11 theRy.property

was bid
the

in for

$530,000 bv Clifford D. Beebe, President of
Electric RR. (V. 81, p. 154).— V.

Auburn & Syracuse

80, p. 118.

Toledo Peoria & Western Ry.
the year ending June 30 were:
Year.
1904-05
1903-04

Gross.

Report.

—The

(>G<)

applied to the Parliament of Canada at its last session for
amendment to the Act of Incorporation as follows:
(1) Increasing the capital stook from $2,000,000 to $12,(2i Extending the time for the completion of
000,000.
(3) Giving the Company the right to sell, lease
the road.
The bill passed.
or otherwise dispose of its property.
miles.
The road is in operation from Vancouver to Westminster,
Ulied companies are the Victoria & Sidney Ry., 17 miles (leased to Victoria Terminal Ry, it Ferry Co.), and the Victoria Terminal Railway &
Ferry Co., whose line extends from Fort Ciuiehon to Brownsville, 33
Connection is made at Port Gulchon hv steamer for Sidney.
miles.
The Victoria A Sidney Ry. on June .'«> 1903 had outstanding $:joo,o6o
tnst mortgage r>s of 1017, with interest guaranteed to maturity and so
endorsed on each bond as to 2 p. c.by the Government of British ColumPresident
bia and as 10 9 p. c, by the corporation of the City of Victoria.
.it \ IctOTia & Sidney Ry., John Hendry; Secretary, J. JelTrey, and General

an

I

Guarantu oi Bonds.
For a valuable consideration, the Pennsylvania Company hereby guarantees to the lawful holder banal the due and punctual payment bj The
Ohio Connecting Railway Co. of the Interest upon the within bond, In
gold coin of the united states of America, upon the surrender of the proper coupons as the same shall from time to time become due, and also
pavment of the principal of the within bond in like sold coin at the nut viIn witness whereof the said Pennsylvania Company has
ritv thereof.
hereunto affixed its corporate seal and caused the same to be attested by
the first clay of September,
Its Vice-President and Assistant Secretary
A. D. 1903
B.

—

——

THE CHRONICLE

10 1905.

of trust, shall be in the hands of the trustee for the redempThe mortgage provide-; a sinking
tion of the bond issue.
fund beginning in 1005 which is intended to retire $4,000,000
V. 80, p. L479.
of the bonds by .Ian. 2 1931.

Kl>\Y.

——

.

Superintendent, P.

Van Bant.

The company has been reported

Int.

A

as controlled

by the

Hill

(Great Northern Ry.) interests. See Vancouver Victoria &
Eastern Railway & Navigation Co. above.
Wabash RR. Sale of Guaranteed Notes. See Wheeling &
Lake Erie RR. below.— V. 80, p. 2459.
Washington Baltimore & Annapolis Electric Ry.—
lialtimore Terminal.
The Baltimore Terminal Co., organized
by this company to secure terminals and an entrance into the
City of Baltimore, announces that books of subscription for
the capital stock will be opened at the offices of Marbury &
Gosncll, Maryland Trust Building, Baltimore, on Sept. 2
between 12 m. and 1 p. m. An ordinance is pending before
the City Council of Baltimore to grant the company the right
to operate a trolley line in Baltimore, with Baltimore Street
and Hopkins Place ("within two blocks of the heart of the
shopping district"), as a terminal. President George T.
Bishop is reported as saying regarding the Washington
Baltimore & Annapolis:

—

—

We

propose to spend $5,000,000 in this undertaking, and have the
in hand to go ahead with the work.
will give a service
callable of 70 miles an hour, as all our cars will be equipped with four
motors of 125 horse-power each. Of course, we also propose to develop
15 or 20 minute schedule will be settled
a local traffic alonp the route.

We

money

A

upon between Baltimore and Washington, and one of perhaps a longer
interval from Annapolis, which can connect at some junction point for
both Washington and Baltimore. V. 80, p. 1914.
Western Pacific Ry. Called Bonds. See Boca & Loyalton RR., V. 81, p. 32.
Wheeling & Lake Erie RR. Guaranteed Notes. Wm. A.
Read & Co. and Blair & Co. have placed an issue of $8,000,000 3-year 5 p. c. gold notes, guaranteed principal and interest by endorsement by the Wabash RR. Co.
The notes
are dated Aug. 1 1905 and mature Aug. 1 1908, but are subject to call at par on any interest day (Feb. and Aug.) on 30
days' notice. They are secured, iinder agreement with N. Y.
Trust Co. as trustee, by the deposit of $12,000,000 Wheeling
& Lake Erie general mortgage 50-year 4 p. c. bonds, due
Aug. 1 1955. The authorized issue of the general mortgage
bonds has been limited to $35,000,000, of which $15,000,000
is reserved to retire prior liens that have not yet matured.
The proceeds of the notes will provide the company's requirements for double-tracking and other improvements; also
new equipment. The Central Trust Co. of New York is
trustee of the general mortgage.
V. 81, p. 509.

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—

—

—

results for

INDUSTRIAL, GAS

Net.

1

AND MISCELLANEOUS.

Balance.

taxes.

Amalgamated Copper Co. Subsidiary's Dividends. -See
& Copper Co. below.— V. 81, p. 509.
— V.80, p. 707.
American Can Co. New Plants. The "Iron Age," New
Utah Light & Railway Co., Salt Lake City. Franchise
York,
Consolidated and Extended.
Mayor Morris has signed the new says: "The American Can Co. has finished plans for two
factories, one in New York and another in Lubec,
ordinance which was passed on Aug. 4 by the City Council by
a vote of 8 to 7, granting this company a franchise which Maine, and is contemplating the erection of a factory in the
South at some place not yet determined. The factory in
consolidates all the franchises heretofore held by it, street
railway, gas and electric light, and gives the company the this city will be built on 8th Ave., between 14th and i5th
streets.
$1,281,441
1,308,716

S253.185
278,735

$286,159
277,186

def. ?:!2,974
sur. 1,549

Parrot Silver

—

—

right to use the streets of Salt Lake City for 50 years from
July 1 1905. This franchise is granted in consideration of
the transfer to the city of the company's water rights in the
Big Cottonwood Canyon. The Mayor has also signed the
resolution of the Common Council adopting the plan for the
proposed $350,000 water conduit from the Big Cottonwood
Canyon.— V. 79, p. 2797.
Vancouver Victoria & Eastern Railway & Navigation Co.
Extension into British Columbia for Great Northern Ry.
The charter of this subsidiary of the Great Northern Ry. Co.

—

—

was recently amended by Special Act

of the Canadian Parliament, giving the company the right to build from Princeton,
B. C. .westerly to Vancouver, etc.
The bill as pi
last spring authorized:
A railway from Olivers on the line of the Victoria Terminal I:
<fc
Ferry Co. to the .south bank of the Fra-'-r River near l.r erpool and
to a connection with the bridge over the Fraser River near
with power to connect with railways operating in th
of Washington and with the Vancouver Westminster .t Yukon Ry. Co., the
victoria Terminal Railway & Ferrv Co. and the New W<
I

hern Railway Co., or auy of thern. (Compare Vancouver, v
& Yukon Ry. below.
Louis W. Hill is quoted as saying: 'We have two sections
under construction one on the Canadian and the oth( r on
the American side.
We are working westward from Mid ay
to Oroville and from Oroville to the boundary. Then
a survey party in Mope Mountains, while another party are
minster

—

.

working from Vancouver easterly."
Vancouver Westminster & Yukon Ry.
ital

Stork.

porated

in

—

Riijht

to

Sill

1901 to build a line

— This

Increase of Cap-

company, in
from Vancouver to the Yukon,

Property.

It will be 75x206 feet, six stories in height, will cost
about $200 ,000, and will take the place of a local plant which
is inadequate to cope with existing trade.
The new factory
will be double the size of the building it replaces.
The factory at Lubec will also take the place of a plant which is not
large enough, and the machinery in the old structure, a rented
building, will be moved to the new building."
V. 80, p.

1726, 1730.

—
Purchase. — The

(The) American Graphophone Co.
company has recently purchased the entire common stock of
$150,000 of the Burt Company, in accordance with the action of its stockholders at a special meeting held Aug. 10
1905, at which 75 p. c. of the Graphophone shares were repreeented and voted in favor.
The purchase price of the
Burt stock was $400 per share (par $100), payable in common stock of the Graphophone Company at par, $10).
The relations of the two companies are intimate. The
earnings of the Burt Company, we. are informed, arc greater
than the combined dividend payments on the common and
preferred stock of the (iraphophone Company, which by
this purchase secures to its own treasury the earnings on
the Hurt common stock.
The purchase means a very large
addition to the income of the Graphophone Company.
V. 80, p. 1730.
American Pneumatic Service Co. Acquisitibn of Control
"I Ni.u: York Tube Companies.— This compel y, it 18 announced,
has acquired control of the New JTork Mail A: Newspaper
Transportation Co. (compare V. 61 p. 127) through purchl
of its entire issue of $200,000 bond- and a majority of its
$1,000,000 capital stock. The transaction also include

THE CHRONICLE

670

the acquisition of a majority of the $2,100,000 stock of
the allied Tubular Dispatch Co., but none of its $600,000
bonds (see V. 81, p. 269; V. 79, p. 2799).
The Transportation Co. owns about 6 miles of mail tubes in
New York City, an "unrestricted franchise" to use the
streets of that city "in perpetuity" and a United States
contract to transmit mail through its tubes at an annual
compensation of $414,000. Of this amount about $110,500
($17,000 per mile) is on account of the §Y2 miles of mail
tubes of the Dispatch Co., which are operated under lease
by the Transportation Co. The total system, 12>£ miles,
From the
includes the following double circuits, viz:
Main Post Office to the Sub-Post-Office in the Produce Exchange Building; from the Main Post-Office to Postal
Station H on Lexington Ave.; also to stations D, F and
Madison Square in other words, all the mail tubes below
Grand Central Station, 42d St. Arrangements are being
made to construct 20 additional miles, which will reach
12.5th St., east and west.
Howard Gould and A. H. Calef, Vice-President of the
Missouri Pacific Ry., are to become directors of the American
Pneumatic Service Co. V. 81, p. 29.

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—

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American Smelters Securities Co. First Dividend on
The directors on Aug. 15 declared a quarterly
Preferred B.

—

dividend of 1}4 p. c. on the $30,000,000 preferred capital
stock, series B, payable Sept. 1 to stockholders of record on
Aug. 25. The directors also declared dividend No. 2 on
the $17,000,000 preferred stock, series A, 1J^ p.c. quarterly,
payable Sept. 1 to stockholders of record Aug. 25. V. 81, p.

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156.

—

& Telegraph Co. Output.— The output of instruments (each telephone being two "instruments,"
viz., one receiver and one transmitter) for the month and
seven months ending July 31 was:
7 Months
Month
American Telephone

To July 31—
Gross output (number)
Net output (number)
Total outstanding

1905.

1904.

114.897
50,918

80,348
37,506

1905.
1904.
1,012,517 672,032
664,996 382,000
5,145,560 4,161,517

—V.

(Vol. Lxxai

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Childs (Restaurant) Co., New York City.
Dividend InAlong with the regular quarterly dividend of \% p.c
on the preferred stock, the directors have declared a quarterly
dividend of 1 p. c. on the common stock, both payable
Sept. 10 to holders of record Sept. 5.
This increases the
annual rate for the common shares from 3 p. c, as paid
regularly since organization in 1902, to 4 p. c.
See V. 80,
p. 2222, 2346.
creased.

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Chittenden Power Co., Vermont. See Rutland Street Ry.
under "Railroads" above, and compare V. 80, p. 2220.
The Chittenden Power Co. was incorporated in 1900 with
$50,000 stock, but only recently, it is understood, installed
its initial 2210 horse-power plant at Mendon (near Chittenden), 4 miles from Rutland.
The Supreme Court on Saturday last issued a temporary
order (returnable Aug. 26) restraining the receivers of the
Merchants' Trust Co. from paying $120,000 to the Chittenden Power Co. as a preferred creditor.

—

Consolidated Cotton Duck Co. Semi- Annual Statement
At the meeting of the directors of the
of Old Companies
Mount Vernon-Woodberry Cotton Duck Co. held Aug. 16
President Charles K. Oliver said:
The company's business for the ast six months is regarded as satisfac
tory and showed a decided improvement over the previous six months.
Thecompany has sufficient orders at advanced prices to keep the mills at
full capacity for several months with the necessary cotton, bought before
the advance, in Jits warehouses
The outlook for the remainder of the
year isthe most promising in the history of the company.
The company is making extensiveimprovements in equipping all of its
mills, especially the Baltimore mills, with new machinery, in replacement

—

machinery that has been in operation for several years, and now requires renewal from depreciation and by more improved machines.
It is
contemplated that approximately $1,000,000 will be spent in the Baltilarge
portion
of
which
more mills alone, for a
contracts have already been
placed, and some of the machinery is now on the way to the mills. In
addition, the available machinery to the extent of 20,000 spindles in the
mills that have been idle has been removed, and concentrated in the two
large mills in the South.
The Southern mills are all modern in every particular, so that with the
improvements under way in the Baltimore mills, the company's mills will
be entirely modernized, which means for the company increased production at reduced cost and consequently better margin of profits on its
steadily growing business.
of

81, p. 560, 509.
The earnings of the Mount Vernon-Woodberry Co. and the
American Type-Bar Machine Co., New York. Bank- United States Cotton Duck Co. for the half-year ending
ruptcy Proceedings.
A petition in bankruptcy has been June 30 1905 are as follows:
Gross profits
.$4,625,241
$567,744
filed against this company, organized some seven years ago Gross sales
Other income.
Miscellaneous interest. . 167,247
35,596
under the laws of West Virginia with $6,000,000 capital
stock.
The proceedings were brought by creditors O. R. B.
Total income
Net profits
$4,660,837
$400,497
^Interest on Mt. Vernon
4,016,117
Leidy, Fred'k W. Schaefer and Edw. Borneman. The com- Operating expenses
Repairs and renewals
Woodberry
1st m. 5s. ..175, 000
76,976
pany has done no business, it is said, for a long time past.
Chauncey Marshall is President. The office is stated to have
Gross profits.
Balance, surplus
$567,744
$225,497
been at 9 to 15 Murray St.
The balance surplus as above ,^$225, 497, compares, it is
Bridgeport (Conn.) Hydraulic Co. Bonds Offered. The stated, with $91,528 in the same period of 1904 and with
Charles W. Scranton Co., New Haven, Conn., is offering at $164,243 in 1903, while the total income as above, it is
102 and interest the unsold portion of a block of $100,000 believed, compares with $5,271,354 and $5,061,035 respectfirst mortgage gold 4s of $1,000 each, dated Jan. 1905, ively in 1904 and 1903.— V. 81, p. 214.
due Jan. 1925, redeemable at company's option at 105 and
Consolidated Water Co., Utica, N. Y.
New Officers.
interest on any interest date prior to Jan. 1915, upon six Vice-President William S. Bacot has been elected President,
month's notice; also on and after Jan. 1 1915 at par and- succeeding John V. Bacot (who will hereafter be General
interest.
A circular says:
Counsel); Clement K. Corbin of Elizabeth, N. J., has become
These bonds are secured by a first and only mortgage upon the entire Vice-President and Hon. William H. Corbin and Clement K.
property, rights and franchises. The mortgage is limited to $500,000.
The company was chartered in 1857 under the laws of Connecticut, and Corbin have been elected directors in place of Gilbert M.
Plympton and Frederick G. Fincke, resigned. The "Utica
is the only company furnishing water to the City of Bridgeport and towns
of Stratford, Fairfield and Southport.
Its charter and franchises are
Herald" says: "Messrs. Corbin have acquired a large stock
perpetual and exclusive. The company reaches far back into the surrounding hills for the source of its supply. It owns 14 reservoirs, with interest in the company, and will take an active part in its
John V. Cockroft of Ossining is associated with
a storage capacity of 4,000,000,000 gallons, has two pumping stations, affairs.

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|

|

|

|

|

1

|

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about 2,300 acres of land, 15 flood rights, 147 miles of pipe and 12,000
consumers.
The capital stock is $2,000,000, the market price of which is $200 per
share, and dividends of 8-p. c. per annum are regularly paid.
A few years
ago the company had $600,000 bonds outstanding, the last of which' were
paid off in 1902. The gross earnings for the year ending June 1 1894 (sic)
were $144,488; for year 1898-'99, $203,275: for year 1902-'03, $238,693:
for year l903-'04, $268,991: for year 1904-'05 (est.), $300,000.
For the
year ending June 30 1904 the company reported net enrnings of nine times
the amount necessary to pay the interest on the bond issue.
V. 80, p.

—

1060.

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California Consolidated Oil Fields Co.
Successor.
See
Sunset Road Oil Co.
Calumet & Hecla (Copper) Mining Co. Amendments to
By-Laws. The stockholders on Wednesday voted to create
the offices of Second and Third Vice-Presidents, Quincy A.
Shaw Jr. and R. L. Agassiz being elected thereto, and amended the by-laws as follows:
The directors at their discretion may, by such officers or agents as they

—

may from time to time designate, for the company, subscribe for, purchase,

acquire and dispose of stock in any other company organized for the purpose of mining, refining, smelting or manufacturing any or all kinds of
ore, minerals or metals; also to provide for the election "of a Second and
Third Vice-President.

—

Acquisitions.
President Alexander Agassiz is quoted:
Under the new mining laws passed by the Michigan Legislature last
spring we have purchased about 60,000 acres of land in Keweenaw Point
and propose to develop the same through the medium of two new companies, viz: the Manitou Mining Co. and the Frontenac Mining Co.,
which are controlled by the Calumet & Hecla. In the Manitou Co. we
control nine-tenths of the stock; the other tenth we gave as part of the
purchase money to Charles A. Wright. We control every share of the

the Messrs. Corbin in the large purchase made of the stock
of the company and will also be elected a director, and take
an active interest in the company's affairs upon his return
from Europe."— V. 80, p. 474.
Consumers Electric Light Co., Ottawa, Canada. Sale to
It was this Canadian company which was referred to
City.
in last week's "Chronicle" as having been purchased by the
city.— V. 81, p. 615.

—

—

—

—

Corn Products Co. Official Statement. President C. H.
Matthiessen on Aug. 14 gave out his answer to the statement
and queries made last week by August Heckscher, Chairman
This answer, in so far as it
of the stockholders' committee.
gives any information regarding the enterprise, follows:

ACTIVE PLANTS.
Daily capacity,

Daily capacity

Bushels.

Bushels.
13,500
2,000
5,225

30,000 Pekin, 111
32,000 Buffalo, N. Y.
Peoria, 111
13,500 Indianapolis. Ind.
Davenport, Iowa
Oswego, N. Y. Is not grinding on account of the fire during
January, 1905. Rebuilding operations, however, are being
The extensive planing mill,
carried on as fast as possible.
box shop and printing establishment are in operation; also
Shipments are being made
the temporary packing room.
from this factory at the rate of 3 cars per day

Chicago,

111

—

4,000

RESERVE PLANTS.
17,000
11,500

Rockford, 111
Marshalltown, Iowa

I

I

Waukegan,

111

Nebraska City, Neb

ABANDONED PLANTS.

Frontenac Mining Co.

Venice,

n>Ttie length of the copper-bearing lode upon our 60,000 acres is very
considerable and there is no reason why these amydagloids should not
be profitable. Formerly when these Keweenaw Point properties were
worked the machinery was antiquated, and with a lode carrying 1 p. c.
copper, and the metal at 17 cents, the companies could not make both
ends meet because of old-fashioned methods.
The 60,000 acres of Keweenaw property have been entirely paid for.
We have no interest whatsoever in the Keweenaw Central Co. V. 81.
p 504, 267.

Geneva, 111
Glen Cove, L. I.— Would
sold

z9,000
x7,000

111

if

be.

trustees willing..

5,000

—
—

Cincinnati, Ohio.
(Erkenbrecker) leased
Cincinnati, Ohio (Fox)
Sioux City, Iowa. Sold..

18,000
2,000

2,000
2,000
1.300

x Negotiations for sale under way.

OLD STARCH FACTORIES.
In condition unfit for operation in 1902 when Corn Products Co. recame interested therein, the same having been abandoned by ormer
managements of the National Starch Co. prior to 1902:

— ——

—

Moines,

lies

lu.

1

—(Destroyed

Ind.— (Thomson
00O| Franklin
White) Sold
1,200
Buffalo, N. Y.- (Graves)
Sold
I ml.
Edinburgh,
.
Elkhart, Ind.—(Excelsior)
1.000 Dee Moines, la.
(Sleeper)
Sold
700 Atlantic, ia. Sold
Elkhart. Ind. -(Muuy)Sold
1,600 Copeka, Kansas
Madison, Ind.
Ottumwa, lu. Leased
(Ind. Stareli
::iklin. Ind.
y

tire

1901)

---

*

the last meeting of stockholders

v.

1.000
,200

1

400
300
not)

1,000

400 Beatrice, Nebraska

The capacity given was the alleged

v

300

daily capacity.

was determined

it

that statements

he company's operations should be made semi-annually as Of March 1
and Sept. 1. and under this direction of the stockholders the manager
does not feel authorised to giVO out the information asked In the till
item of your request unless directed so to do by a majority of all tin' stock1

holders.

The expense of management and other expenses for the last fiscal year,
shown by the annual report, was Slid. 123, details of which arc shown
on the hooks of the company, and are always open to the inspection of any

a^

at any reasonable time, as provided by statute.
neral statement of the conditions existing in t lie trade was made to
Stockholders by order of the Hoard of Directors under date of June 20

legitimate stockholder
\

gi

a copy of which is herewith handed you.
The details of the purchase of sundry shares of stock for the aggregate
o." $906,616 appear on the books of the company and arc always
tn the inspection of any legitimate stockholder at any reasonable tin.
">.

i

Ided by statute.

•.

Compare V. Si p. 615Degnan & McConnell Coal
,

C
1'

& Transportation

i!

&

Coke 0o.— See Mexican

Co. below.

—

—

Edison Electric Illuminating Co.

— Bond

of

Topeka, Kansas.—

Issue.— This company lias recently
n purchased by B. E. Sunny, L. E. Meyers, (ieo. H.
Taylor (representing E. H. Rollins & Sons) and (ieo. B.
Caldwell( representing the American Trust & Savings Hank),
in

Control

The property has never been bonded and
Stock,
paid regular 6 per cent dividends for 15 years.
at last accounts, S500,000. par 8100. Some $200,000 will be
spent by the new company in extension and improvements,
and an issue of SI ,250.000 1st mortgage sinking fund 5 per
Ct ntbonds will bejauthorized.of which $700,000 will beoffered
in the near future.
of Chicago.

all

-

Property Taken
Fidelity Cotton Oil & Fertilizer Co.
Over Mortgaqe. The Supreme Court of the United States
Feb. 27 1905, affirming the action of the courts in Texas,
decided that the National Cotton Oil Co. and the Southern
Cotton Oil Co., because of violations of the anti-trust laws,
through combining and pooling with themselves and others
to fix the price of cotton seed, had forfeited their charters.
Accordingly in June the properties of the National com-

—

—

benefit of
p. 562.

this

—

-

071
and the other Canadian

plants. -V. 81,

steel

—

Lancaster (Pa.) Water Filtration Co. Further Pacts.
company, whose $250,000 bonds are being offered by
flint, Bacon ov Co., as stated last week, has outstanding
1250,000 (common) stock, par of shares HO. The President
is Murtha P. Quinn; Secretary and Treasurer, Clarence B.
Knight.—V. si, p. 617.
Mexican Gulf Coal & Transportation Co., St. Louis.
Pirst Mortgage UndisForeclosed Under Second Mortgage
Secretary and Treasurer A. J. Fit/iminons has
turbed.
revised for US the statement which appeared in the "Chronicle" of Aug. 5, p. 562, in the following particulars:
This

—

—

The purchase of the Mexican Gulf Coal <v Transportation Co. propertywas made by the Degnan & McConnell Coal it Coke Co. for the sum of
$80,000 under foreclosure proceedings on a second mortgage bond
issue, and the purchase, therefore, was made subj'ct to the iirst mortThe trustee under the first
gage bond issue, said issue being 1200,000.
mortgage bond issue is the Provident Savings Hank & 'Trust Co. of Cincinnati and the trustee under the second mortgage bond issue (and the
one under which the sale was made) is Frank H. Tate of St. Louis. The
first mortgage, and the one on which the Provident Savings Bank &
iTUStjCo. are the trustees, remains undisturbed by the transaction.
At present the Degnan & McConnell Coal A- Coke Co. state C
they are
not in position to make a definite statement but will do so later. -V. 81
562, 50S.

I>.

(lull"

Alliance.
Edison Electric Co. of Los Angeles, Cal.
See
V. 79, p. 2207.
in. >na 8l Ontario Light & Fuel Co. below.

,'/i(/f

—

THE CHRONICLE.

ID 1905.1

frCh

— —— —

—

—

Co., Pittsburgh. —Bonds.
At a
meeting of the stockholders on Tuesday it was voted to issue
p. e. 20-year bonds, of which $300,000 or
81,000,000
$350,000 is to cover outstanding bonds and the remainder
to provide for extensive improvements and the erection of
new chimney plants. The "Pittsburgh Gazette" says:
"The Marion (Ind.) plant is being doubled in capacity and
will start about
Sept. I with the additions in use.
The
plant at Elwood, Ind., is being increased to about one-third
larger capacity and the betterments there will be finished
about Nov. 1. All of the Macbeth plants are equipped with
The bulk of the bonds has already
the machine blower.
been placed, conditional upon the demands of the stockholders.— V. 73, p. 447, V. 71, p. 866, 345.
National Cotton Oil Co.
Transferred.
See Fidelity Cotton Oil & Fertilizer Co. above.
See United Lead Co. below.
National Lead Co.
V. 81,

Macbeth-Evans Glass

—

—

—

p. 563, 35.

New York Air Brake Co. Acquisition. — See United States
& Heating Co., below.— V. 80, p. 2462.
New York Mail & Newspaper Transportation Co. — See

Light

—
—

American Pneumatic Service Co. above V. 67, p. 127.
Ohio Fuel Supply Co. Circular. An official circular
regarding the proposed increase of capital stock says in part:

We deem it inadvisable to go into details at this time for fear that prein Houston, Denison, Waco, Seguin, Galveston, etc.,
publicity will interfere with our plans; but we feel safe in saying
were transferred to the Industrial Cotton Oil Co. of New- mature
that if they materialize it will mean the construction of a plant that will
York, the officers being Harry C. Cornwall of New York, equal, if not exceed, our present system, while the expenses will be much
President, and Richard Heydt of New York, Secretary. less. We are preparing to commence work as soon as the stockholders
authorize it.
It is the intention to authorize the increase of the capital
Capital stock, S50,000.
No bonds.
stock from §4,000,000 to $8,000,000, the new stock to be allotted at $25
On Aug. 7 the properties of the Southern Cotton Oil Co. (par) a share to stockholders of record on a date to be named at the
were taken over by the Fidelity Cotton Oil & Fertilizer Co., special meeting, in proportion to their holdings. The first allotment of
25 p. c. to be issued Oct. 20 and the remainder to be allotted as required,
a New Jersey corporation, of which James R.Dawson, re- at the
discretion of the board of directors, not to exceed 25 p. c. quarterly.
cently of Augusta, Ga., is President and Philip D. Lamar, At this writing it is impossible to determine the exact amount of money
also of Augusta, is Secretary and Treasurer.
In connection required for the improvements, but only the necessary amount will be
for.
We expect to have sufficient earnings from the lines which
with the deal and in order to provide the purchase money, called
will be constructed this fall to justify the payment of our present rate
the Fidelity Company has made a mortgage to the Central of dividend on the new stock as fast as it is issued. The work cannot be
Trust Company of New York, as trustee, to secure $400,000 completed this year, but a good start can be made, and it will be pushed
to completion next year.
first mortgage 4^ per cent gold bonds, maturing Aug. 1
The plan, it is said, includes getting a natural gas fran1915.
The Fidelity was incorporated on July 14 1905
chise in Cincinnati, the extension of its pipe lines to this city
with $25,000 of authorized capital stock. The Southern
Cotton Oil Co. for several years past has been practically and the purchase of additional natural gas wells in Ohio and
West Virginia.— V. 81, p. 563.
owned by the Virginia-Carolina Chemical Co.
Ontario Power Co. Contract.
See Niagara Lockport &
Independent Telephone Securities Co., Utica, N. Y.
Ontario
Power
V.
617.—
V. 81, p. 158.
Co.,
p.
81,
Purchase.
This company, "a majority of whose capital stock
Parrot
Silver
Copper
Dividend.
&
Co.
This company,
L now owned by the Rochester Telephone Company, has
purchased control of the Rome Independent Telephone Co., a majority of whose $2,298,500 capital stock is owned by the
Amalgamated Copper Co., has declared a dividend of 5 p.c.
operating some 1,200 telephones.
V. 80, p. 2462.
(50c. per share), payable Sept. 12 to stockholders of record
Industrial Cotton Oil Co.
See Fidelity Cotton Oil & FerAug. 26. The same amount was paid in March and June
tilizer Co. below.
1905 and in August and December 1904, but nothing in 1903.
Johnson-Dunbar Mills Co. See auction sale of securities In 1902 5 p.c, and in 1901 35
p. c. was paid— V. 80, p. 2224.
last week's issue, page 596.
Pennsylvania Steel Co. Large Contract. The company
Kern Incandescent Gas Light Co. Settlement. Tin suit was awarded on Aug. 15 the contract for building the superbrought by Frederick R. Coudert and Paul Fuller of New structure of the Manhattan Bridge between New York and
York against Thomas W. Lawson for $225,000 with interest Brooklyn, its bid, the lowest, being
Justice
87,284,000.
from May 1899, representing subscription for $250,000 to Amend, in the Supreme Court
at New York on Aug. 16,
the company's stock, on which $25,000 cash had been paid, granted
a temporary order in favor of Peter A. Gage, actwas settled on May 10 1905, the plaintiffs, as reported, pay- ing, it is supposed in the interest of a rival bidder, restraining $11,000 as counsel fees and agreeing that no fun
r acing the consummation of the contract.
The case will be
ii
be taken in the case. At auction last May $2,t>0G of heard on Sept 6.— V.
81, p. 215.
the capital stock sold for $11 for the lot.
It is alleged that
People's Gas Light Co., Rutland, Vt.
See Rutland Street
$3,200,000 of the stock was issued.—V. 70, p. 534.
Ry. under "Railroads" above. V. 72, p. 876.
Lake Superior Corporation. Bounty to Apply only to
Philadelphia Electric Co.— Only Bid for Municipal Conrhe Steel, Sot Also to the Rail*.
The Canadian Government tract. The
company's bid for the electric lights of the city
lias passed an order in Council providing that the bounty of
during
1906,
the only bid received, was on a basis which
$3 per ton on structural steel forms manufactured in Canada
Mayor
it is estimated will stive the city over $115,000 a year.
Bhal] not apply to steel rails.
was
The bounty, it is said,
under
consideraWeaver
was
reported
last
week
having
as
never intended to apply to steel rails, but the right to it
municipal plant
was claimed by the Lake Superior Corporation and the legal tion the advisability of constructing a
to cost $10,000,000 or $ 1 2, 000, 000.
V. 81, p. 817.
authorities to which the matter was referred last February
Pittsburgh & Westmoreland Coal Co.- -Consolidation.
-tained this view.
The subsidiary Algoma Steel Co., it is
9i
Shoenburger Coal Co. below.
said, recently received $60,000 on account of this bounty.
While such payments are now terminated, the bounty on
Los
Pomona & Ontario' (Cal.) Light & Fuel Co.— Sole
tl>e steel from which the rails is made continues, it is said,
Angeles men, among them representatives of the Kdison
along with the existing heavy protective duties, for the Electric Co. of Los Angeles (V. 79. p 2207), have purchased
pany

—

—

—

—
—

—

—

i

—

>

—

—

—

—

—

•

—

—

THE CHRONICLE.

672

either the plants or the control of the Riverside Light & Fuel
Co., the Pomona & Ontario Light & Fuel Co. and the WhitThe "Los Angeles Times" of Aug. 6
tier Light & Fuel Co.
said:

The purchase price is said to approximate $500,000, the buyers
assuming bonded debt of aboul half that sum, and paying the remaindei
for tiic stock of the three companies, each plant representing about oneJohn B. Miller, President ol the Edison
third of the entire valuation.
Electric Company, admitted that the deal had been made, but said that
the purchase was not made by the Edison company, but by officers and
others connected therewith, together with additional local capitalists.

[Vol.

lxxxl

ing $350,000 first mortgage gold 5s of $1,000 each, dated
1899, due Aug. 1 1919 ($400,000 authorized); interest payable Feb. 1 and Aug. 1 at Northern Trust Co., Chicago.
Par
of shares $100.— V. 71, p. 1313.

—

—

United Button Co. Sale of Property. At the foreclosure
Wilmington, Del., on Auk- 8 last week the property
was bid in for §100,000 by the reorganization committee.
Compare V. 81, p. 018, and V. 80, p. 2402.
stile in

—

—

United Lead Co. Merger in Abeyance. The long-pend—Compare V. 75, p. 246, 189.
ing negotiations for the merger of this company and the
Pressed Steel Car Co. Street Railway Cars. This com- National Lead Co. are for the moment quiescent, and it appany, it is announced, has broken ground at its McKees pears that the outcome is quite uncertain. V. 79, p. 2152.
Rocks works for the erection of a plant for the manufacture of
United Petroleum Co. of California. Dividend Increase.
passenger coaches and steel ears for street railways. Work
on the new plant, which will include two large shops, each We quote as follows from President Stewart's letter to the
140x600 feet, will be rushed day and night, and it is hoped stockholders under date of May 20 1905:
The cost of these adCommencing with the payment of dividend No. 45, the regular monthly
will be completed early in the spring.
(Compare dividend will be 85c. per snare, this being an increase of 5 cents.
ditions, it is expected, will be about $.500,000.
We are pleased to be able to report that the company's investments
"Street Car Builders' Consolidation" in V. 81, p. 563).
(in addition to that in the stock of the Union Oil Co.) are turning out
satisfactorily and it is expected that a further increase will be made
V. 80, p. 709.
within the year, independently of any increase that may be made in
Sale
Providence Fall River & Newport Steamboat Co.
the dividends of the Union Oil Co. Since the United Petroleum Co.,
Tenders of Bonds Desired. The Union Trust having an issued capital stock of 14,682 shares of the par value of $100
of Real Estate.
Union Oil Co., of the par value of
Co. of Providence, the trustee under the mortgage dated each, owns 26,941.47 shares of the
$100 each, the relative value of each share of United Petroleum stock
June 1 1896 securing $400,000 bonds, "has received from the is 1.835 of the Union Oil Co. stock. Compare V. 81, p. 557.
sale of a portion of the mortgaged estate $110,000, and will
United States Glass Co. Report. According to the
receive from the holders of these bonds proposals for the
"Pittsburgh
Gazette," the report for the fiscal year ending
Such proposals should
sale of same to the above amount"
June
30
1905
says in substance: "The yearly increase in
and
should
be
addressed
to
the
Trust
Officer,
writing,
be in
received not later than Sept. 1 1905. Compare V. 62, p. 503. sales and profits has been maintained, the year showing an
increase of 3% p. e. in sales, a loss of only about 1-5 of 1 p. e.
Public Service Corporation, St. Cloud, Minn. New Mort- on
bad debts. All plants are running night and day, exceptThe company recently filed a mortgage to secure ing three, where repairs are under way. Repairs at four of
gage.
$300,000 bonds, issuable (but not yet issued) as follows:
the factories have been made and charged off, leaving a net
$70,000 to be left with trustee for the re-building of the gas plant; profit for the year of $212,719, out of which three dividends
$75,000 with trustee to take care of the underlying (first mortgage) bonds
now on a portion of the property: remaining $155,000 (still uncertified) of 1 p. c. each, amounting to $96,000, were paid. Business
issuable at any time for use as collateral. The company acquired all the
has increased since the end of the company's fiscal year,
electric light, gas and street railway properties in the city, including the
June 30. The Glassport Land Co. sold lots to the extent
Benton Power & Traction Co. (V. 70, p. 531), etc.
of $26,121 during the year, this money being put into the
The company was incorporated in Dec. 1904 with $300,- property for paving, sewering, &c."
000 authorized stock. President, A. G. Whitney; SecreThe net profit, $212,719, as above, contrasts with $251,871
tary and Treasurer, E. E. Clark.
for the year 1902-03 and $207,723 in 1903-04.— V. 79,
Rochester (N. Y.) Telephone Co. Acquisition. See In- p. 2454, 737.
dependent Telephone Securities Co. above. V. 80, p. 2402.United States Light & Heating Co. Change in Control.
San Francisco Gas & Electric Co. Rumored Negotiations. This company, it is announced, has passed under the control
The "San Francisco Chronicle" on Aug. 9 of the New York Air Brake Co., Charles A. Starbuck, PresiCompetition.
said:
dent of that company, becoming President and Edwin
Negotiations between the California Gas & Electric Corporation and Hawley, Vice-President.
The capital stock was recently
the San Francisco Gas & Electric Co. looking to the absorption of the
increased from $3,000,000 to $6,000,000, par of shares $10.
latter by the De Sabla-Martin Company are understood to be on the
verge of a final settlement. An Eastern promoter was here recently The company was incorporated in New Jersey in 1902 to
with an offer of $75 a share from an Eastern syndicate, but his backing furnish electric light and heat, especially for railway cars
was not considered sufficient. It is the gossip of the Street that the
present deal, if closed, will be at a lower figure, in view of the competition through the Moskowitz system by power obtained from the
promised by the San Francisco Coke & Gas Co.
The directors, other than the officers, are:
car axles.
Announcement was made yesterday that in every block where the new
Crandell, Clifford Chaffee and C. G. Smith.
Re-elected—
W.
F.
New—
company has laid service pipes a rate of 25 cents per 1,000 feet for gas

—

—

—

—

—

—
—
—

—

in effect.

In other words, the old company

—

is selling

—

25-cent gas

Waverley Place, Brenham Place, Bartlett Alley, Baker Alley and Court,
Sullivan Alley, St. Louis Alley and in many blocks in the territory
bounded by Jones, Dupont, Bay and Clay streets. The coke company is
in

sticking to its rate of 75 cents.

— V. 80, p. 1233.

—

—

Shoenburger Coal Co. Consolidation. The shareholders will vote Aug. 26 upon consolidating with the Hazel
Kirke Gas Coal Co., Penn-Manor Shaft Co., PittsburghWestmoreland Coal Co. and the Pittsburgh-Connellsville
Coke Co., under the name of the Pittsburgh & Westmoreland Coal Co. The proposed capital of the new company,
it is said, is

$3,000,000.

—

—

Southern Cotton Oil Co. Properly Transferred. See Fidelity Cotton Oil & Fertilizer Co. above.
V. 73, p. 240.
Springfield (Mass.) Gas Light Co.
Exchange of Trust
Certificates.
Trust certificates of this company are now
being exchanged at the New York Trust Co. for the regular
certificates.
The final instalment of $50 per share on the
new stock was paid Aug. 1 in Springfield. V. 80, p. 2348.
Sunset Road Oil Co., Bakersfield, Cal. Mortgage. This
company, incorporated in California last June with $2,500,000 of capital stock in shares of $100 each, has filed a mortgage with the Mercantile Trust Co. of San Francisco, as
trustee, covering its property in the Sunset oil fields to secure
an issue of $2,000,000 of 5 p.c. bonds, denominations $100
and $1,000, dated July 15 1905 and due July 15 1925.

—

—
—

—
—

•

•

—

Amount

outstanding, $417,500.
The company is successor of the California Consolidated Oil Fields Co.
and, we are informed, owns about 2,000 acres of oil lands and controls
by ownership of stock about 2,500 acres of oil land leases; total active
wells, 40; daily flow about 2,000 barrels.
Of the capital stock (all com-

mon) $2,000,000 is outstanding. Interest on the bonds is payable
Jan. 15 and July 15 at office of trustee. The bonds are subject to call
to any amount on any coupon day at a premium of one-half per cent
for each year intervening between date of call and maturity; sinking
fund ranges from 14 cent to 2 cents per barrel of oil handled and produced. No prior liens, it is stated, remain outstanding. Carroll N.
Beal, Mutual Bank Building, San Francisco, is interested in the enterprise.
The President is now Charles B. Marks; Secretary, N. A. Dodge.
Office, San Francisco.

Tubular Dispatch Co.
Co.

—

—

—

now

—

—

—

—

is

—

above— V.

Union Gas

— See

81, p. 269.

&

American Pneumatic Service

—

—

Electric Co., Bloomington, 111.
Sale.
press dispatch states that a syndicate of Detroit capitalists
headed by Emanuel T. Beyer has purchased this company
for "$400,000, the amount of the capital stock," and has
made overtures to purchase the Bloomington
Normal
Street Ry. Co.
The Union Gas & Electric Co. has outstand-

&

(Compare V.

A. Sanford Adler and Charles S. Furst.

V

—

.76, p. 870.)

77, p.

2103,

—

United Water Improvement Co. Increase of Capital
This company, incorporated in New Jersey in April
1904 with capital stock of $3,000,000, in shares of $50 each,
to construct and operate filtration systems, has filed a certificate of increase of authorized capital stock from $3,000,000
Bonds, if any, not known.
New Jersey
to $5,000,000.
representative, Guaranty & Trust Co., Camden, N. J. ^_^
Subsidiary Property
Virginia-Carolina
Chemical Co.
See Fidelity Cotton Oil & Fertilizer Co. above.
Transferred.
Stock.

— V.

—

—

—

81, p. 263.

Wagner

—

Manufacturing Co., St. Louis. Increase
A. Layman, the company's Treasurer and
General Manager, to whom the statement published last
week touching the proposed increase of the capital stock
from $500,000 to $800,000 was submitted, writes:
This company has no outstanding bonds nor preferred stock. Our
of Capital.

Electric

— W.

present authorized capital is $500,000, all of one class and fully paid;
par of shares $100. We have no outstanding bills payable (except a
$60,000 three-year A°7( loan on real estate) and discount all bills. Our
present manufacturing facilities are taxed to the utmost, and the
increase of stock contemplated is to be employed in erecting new works
and taking care of the large increase in business. V. 81, p. 619.

—

—

Western Stone Co., Chicago. Dividends Resumed.
quarterly dividend of 1 p. c. has been declared on the
$2,250,000 capital stock, payable Oct. 1 to holders of record
On Dec. 31
Sept. 20. This is the first dividend since 1897.
1904 the bonded debt was $253,500, contrasting with
$262,000 in 1903 and the profit and loss surplus $173,724,
against $94,671.— V. 78, p. 993.
Wheeling Mold & Foundry Co. First Dividend. This
company, it is stated, paid on Aug. 1 a first dividend
V. 80, p. 655.
of 2 per cent.
Wheeling (W. Va.) Steel & Iron Co. Called Bonds.
Bonds Nos. 31, 32, 33, 34, 35, 36, 37, 38 and 39, issued
Sept. 1, 1899, will be redeemed Sept. 1 1905 at the National
Exchange Bank, Wheeling, W. Va.— V. 80, p. 717.
Youngstown (O.) Iron Sheet & Tube Co.— New Plant
Under Construction. Work was begun July 24 on the construction of the new $2,500,000 plant for the production of
Bessemer steel, and it is expected to be ready for operation
by July next year. The company, it is said, now employs
about 2,000 men, and when the present additions are comV. 80,
pleted it is expected will increase this to over 5, 000.
p. 1739.

—

—

—

—

—

—

—

—
Aug.

19

THE CHRONICLE.

I9u:>.|

and ^Documents,

flqiorts

BUFFALO ROCHESTER &

PITTSBURGH RAILWAY

TWENTIETH ANNUAL REPORT -FOR
The difectors of the Buffalo Rochester & Pittsburgh
Railway Company submit to the stockholders tin- following
report for the year ending June 30 1905.

Total length of road operated
Second track (owned)
.lid track (trackage rights)
filings towned and leased)
Total miles of tracks,

1904.
Mile*.

Ixicreate.

Mills.

336.56
94.04
107.64

311.57
87.45
100.31

24.99
8.69
7.30

..538.24

...241.19

499.36
56.77
74.88
215.67

38.88
17.92
7.80
25.52

935.75

846.13

S'.i

Trackage rights

74.69
81.63

all steel rail

t;2

The increase in mileage of road is due to the operation of
31.58 miles of new line and 7.30 miles of additional trackage
rights taken into the accounts of the Company during the
year.
of second track,

constructed at different points between Ashford, N. Y., and
Punxsutawney, Pa., 7.30 miles of second track on lines over
which the Company has trackage rights, and 25.52 miles of
sidings.

1905.

the last issue of

common

stock.

for additions and betterments
your property were disposed of by charging $257,287 39
against the net income of the fiscal year; and transferring to
capital account $496,240 55, representing the payments
during the year for second track and general office building.

The items

are as follows:

land

$7,655
4,564
12,082
100,068

New

bridges, one-fourth cost
Yard and buildings, Buffalo, N.
"
"
and
Kast Salamanca, N.
Du Bois, Pa
Automatic ore unloader, Buffalo, N.
Water line. Falls Creek, Pa
" C. & M. Junction, Pa

Y

Y

_

Pa
office building,

Rochester, N.

Y

73

68,484 71
11,870 19

Sundry items
Second track, Ashford, N. Y., to PunxsutawGeneral

45

29.80194
8,250 00
5,766 86
5,550 60
3,19157

Y

" Cramer, Pa
Sidings and yard extensions

41

93

$448,951 71
47,288 84

496,240 55
$753,527 94

Total

The length of second track put in operation during the
year was 17.92 miles, and a considerable amount of grading
was completed

INCOME.

for further additions next year.
passing and industrial tracks have been laid,
and the transportation facilities at many places increased and

Many new

Decrease.

Increase.

1904.

1905.

30

on the balance sheet last year as "Advances pending the issue
of securities," was charged to cost of road, as provided for in

nev.

The tracks were increased by 17.92 miles

new

YKAR ENDING JUNE

to

1905.
Miles.

Leased

COMPANY.

The remaining expenditures

ROAD OPERATED.
Owned

673

Gross earnings
$8,161.079 46 S7. 529,958 17 8631,121 29
Operating expenses 5,058,812 73 4,408,807 06 650,005 67

improved.

Income
$3,102,266 73 $3,121,151
Applied to payments

Excellent progress has been made in double-tracking the
Johnsonburg & Bradford Railroad. The entire expenditure
for this work, amounting to $116,466 74, was charged to
"Cost of Proprietary Roads."
capital account

PROPRIETARY ROADS.

$18,884 88

11

of Interest, rentals,
taxes, pension f'nd

and sink'g funds.

—

1,607,887 48 107,108 06

1.714,995 54

—

Deduct
Extraordinary
penses and

im-

892,388 95
405,000 00

897,228 62
316.287 39

Special appropr'tns

$4,839 67
88,712 61

$497,388 95

883,872 94

$973,755 18 81,015,874168

S42. 11950

$413,516 01

Total
Snrpl. of income...

line from New Castle, Pa., to the Works of the
Portland Cement Co., 6.59 miles in length, was
completed and put in operation.
By an agreement with the Baltimore' & Ohio Railroad Company, dated November 19 1904, your passenger trains now
run into the Smithfield Street Station of said Company in
Pittsburgh, Pa.
The arrangement added 7.40 miles to the
line over which you have trackage rights.

A branch
New Castle

ex-

provements

ALLEGHENY & WESTERN RAILWAY.

8125,992 44

Net income... $1,387,271 19 $1,513,263 63

increase in the amount "Applied to payment of interest etc.," is due to the interest and sinking funds of the new
equipment bonds issued, additional taxes, rentals and interest on loans.
The item "Special Appropriations" represents the principal
of the car trust bonds paid during the year, amounting to
$59,000, and $257,287 39 of the construction expenditures
on the lines owned by your Company.
In addition to the above income, $120,000 were received
from investments and credited direct to Profit and Loss Account.

The

EQUIPMENT.

,

DIVIDENDS.
Divs were paid on
Preferred stock
Common stock

1905.

$6,000,000
9.000,000

Total

r

$15,000,000

Increase.

",

$900,000

Fifteen locomotives
Eight passenger cars

Ten hundred and

thirty-eight freight cars

Thirty-seven service cars
Sundry betterments, including transfer of one
freight car and ten service cars

$223,947 60
67,720 09
709,815 97
38,811 64
38,486 86
$1,078,782 16

:

Of the above equipment six freight cars and
twenty-one company's service cars were built at
,

Company's shops.
The account was credited

the
1904.

8360,000 6%$360,000
6% 540,000 6% 498,000
6

Expenditures were made^for new'rolling stock as follows:

$42,000

$42,000
$858,000
Board of Directors

Since the close of the fiscal year your
has declared semi-annual dividends of three per cent on the
preferred stock and three per cent on the common stock,
payable August 15 1905.

CAPITAL STOCK.
At special meetings held in November 1904 the stockholders authorized an increase of $3,000,000 of common stock.
Of this additional stock the stockholders were given the privilege to subscribe at par, in proportion to their holdings, for
$1,500,000, the proceeds to be used to pay the balance of the
Cost of the Indiana Branch and for other capital requirements. The full amount was paid in by June 12 1905, and

new stock issued.
The total oustaading capital stock of the Company now
amounts to $16,500,000, and consists of $6*000,000 preferred

for

equipment

sold,

transferred or destroyed with the following items,

charged to operating expenses:
Nine locomotives
..$87,344
Three passenger cars
7,442
One baggage car
4,527
203,389
Five hundred and four freight cars
11,487
Nineteen Company's service cars
The account was further credited for cai trust
charged
bonds paid off miring the year and
59,000
to net income
For bonds retired during the year by the sinking funds of equipment agreements, Series D
and E
138,000
Also with the amount of the sinking funds
under equipment agreements Series B and C,
invested in the purchase of new rolling stock. 100,000

43
90
65
67
76

00
00
00
611,192 41

Making a net increase

$467,589 75

of

tin-

stock and $10,500,000

common

stock.

BONDED DEBT.
During the year $59,000 of car trusts bonds

v.. r<

paid and

now

applied to 77.23 per cent of all freight
year ago.
sold, operating
penaea are charged and equipment account is credited; when
purchased or rebuilt, the cost is charged to equipment account.

Air-brakes are

ear-, an increase of 7.06 per cent over a
When rolling stock is destroyed or

PASSENGER EARNINGS.

canceled.
for the
Under the terms of the -inking fund.- establish*
D and
redemption of equipment bond.-. $128,000 of Sent
$10,000 of Series E were redeemed and canceled.
There were issued $161,000 of equipmenl bonds,
D
and $628,000 of equipment bond-, Series E, authoi sed in
!

former years.

rate received per passenger per mile inon
.04 of a mill, being 2.068 cents, as compared frith 2.051 cents
a year BgO.
,

The average

The average distance each passenger wa- earned decreased

.78 of a mile, being 34 miles, against 34.78 miles lasl year.
Passengers carried [905.
-}'o2o'io7
i.^mm.qb/
ngers carried 1904
-

The

n't result

of the

Company.

is

an increase of $592,000

in tin- b<

nded debt

An

CONSTRUCTION.
The amount expended this year for the Indiana Branch,
$83,647 63, together with the Bunr of $436,714 si carried

The
ing.

increase of 2.73 percent, or

result

is

00,™-

a gain of $4,068 00 in gTOSfl passenger earn-

THE CHRONICLE.

674
FREIGHT EARNINGS.

(&ommzxti<\l Timjcs.
COMMERCIAL EPITOME.

3TIxjc

The average

a

rate received per ton per mile decreased .31 of
mill, being 5.1 mills, as compared with 5.41 mills last year.

The average distance each ton was hauled decreased 3.65
miles, being 144.18 miles, against
17.83 miles a year ago.
The revenue tonnage moved was the largest in our history
showing an increase of 21.02 per cent, as follows:

[Vol. lxxxi.

1

1905.

Bituminous
Coke

coal

Iron
ore
PiK and bloom

Other

•-

iron...

freight

1904.
1,907,543

Increase.

6,234,260
700,259
310,015
160,961
1,831,237

671,750
251,294
126,595
1,662,167

1,320,717
28,509
88,721
34,366
169,070

9,266,732

7,619,349

1,647,383

Friday Night, Aug. 18 1905.
Increasing business activity has been experienced in
lines of

many

he promising outlook for good yields
from the grain crops of this country, providing a good exportable surplus, is having its influence in strengthening

merchandise.

1

general feeling of confidence in active trade conditions d
ing the coining fall and winter seasons.
In the speculat
markets bullish sentimenl has appeared to be general,
the trend of prices for most staples the past week being to-

Total

The only commodities showing losses were products of
animals, products of the forest, salt, and "other articles."
The results for the year show a gain of $023,784 69 in gross
freight earnings.

EXPENSES.
The operating ratio increased 3.44 per cent, being 61.99
per cent, against 58.55 per cent last year.
The percentage of each group of operating expenses to
gross earnings for the past five years is as follows:

2.23

1903.
7.30
13.55
32.93
2.09

1902.
8.47
13.23
33.61
2.22

58.55

55.87

57.53

1905.

Maintenance of way
8.29
Maintenance of equipment.. 16.111
Conducting transportation .. 35.51
General expenses
2.08
Total

61.99

1904.
7.83
15.07

33.42

The average

cost per ton per mile
a mill less than last year.

is

1901.
9.79
11.91

32.20
2.31

56.21

3.15 mills, being .04 of

The road and equipment have been liberally maintained at
a high standard. There was charged to expenses the sum of
$314,192 41, as compared with $94,532 75 last year, for the
book value, less salvage of rolling stock sold or broken
up during the year.
The average number of revenue tons carried one mile per
revenue freight train mile, excluding the mileage of helping
engines, increased 68.22 tons, being 507.25 tons, against
439.03 tons a year ago,
The average number of revenue tons carried one mile per
revenue freight engine mile, including the mileage of helping engines, increased 17 tons, being 374 against 357.
The averages for the past ten years show a steady improvement in the average tonnage moved one mile per train mile,
and per engine mile,

as follows:
Train Engine
Load. Load.
308
269 1901
346
296 1902
326 1903
387
407
344 1904
419
354 1905

Year.
1896
1897
1898
1899
1900

Train Enoine
Load. Load.
406
345
424
353
441
364
439
357
507
374

_

The average number of revenue passengers carried one
mile per revenue passenger train mile is 41, being 1 less than
than in the preceding year.
The non-revenue traffic, not included in any of the figures
of this report, is as folllows:
Number of passengers
Number of passengers carried one mile

196,464

Number
Number

852,368

8,995,040

of tons
of tons carried one mile

77,330,856

INDIANA BRANCH.
In addition to the 28.30 miles of this branch opened for
business last year, there was included in the operation for
this year a total of 23.42 miles, from Creekside, Pa., to Iselin, Pa., and from Ernest, Pa., to Indiana, Pa.
Owing to the
shutting-down of the Lackawanna Steel Company's mines at
Vintondale, Pa., the balance of the line, 29.53 miles, extending south of Indiana, Pa., and embracing 18.23 miles of
trackage rights over the Pennsylvania Railroad, is not included in the mileage at present in operation.
The total amount expended to date for the construction of
this branch is $2,520,362 47, provided for by the sale of
common stock during the past two years.
The coal fields tributary to this line produced 1,169,739
tons of bituminous coal during the year.

ROCHESTER & PITTSBURGH COAL & IRON
The surplus

CO.

&

Pittsburgh Coal & Iron
Company for the fiscal year amounted to $129,247 35, out
of which dividend No. 10 of 3% (three per cent) was declared,
and the amount, $120,000, credited to your Profit and Loss.
The above surplus was arrived at after taking from the
net earnings $125,333 36, principal of bonds paid off.
The Company charged to expenses each month all
amounts expended for mining machinery, buildings, equipment, and development of mines.
of

the Rochester

FIRE INSURANCE FUND.
The

assets in this

the year, and
securities

fund were increased $11,237 70 during
to $110,898 49 in interest-bearing

now amount

and cash.

GENERAL REMARKS.
On January 7 1905 an agreement was made with the Susquehanna & Southern Railroad Company and the Buffalo &
-

Susquehanna Railroad Company, granting to them for
twenty years trackage rights over your line, as follows:
At Sykes, Pa., for about one mile, from January 1 1905.
Between Stanley, Pa., and Juneau, Pa., a distance of
about sixteen miles, from July 1 1906.

By

order of the Board,

ARTHUR
Neio York, August 4 1905.

G.

YATES,

President.

wards a higher basis. A feature of the breadstuffs mark
has been freer buying by exporters of wheat, corn and oats.
Reports from Portsmouth, X. H., have been of some progress in the

peace negotiations.

Lard on the spot has been dull, buyers being indifferent at
the higher prices ruling, and there has been a slight yielding
in values.
The close was steadier at 8.20c. for prime Western and 7.75c. for prime City.
The demand for refined lard
has dragged and prices have reacted slightly, closing at 8.25c.
for refined for the Continent.

Speculation in lard for future
delivery has been moderately active.
Packers have continued buyers, but under large receipts of hogs prices have
declined.
The close was steadier.

DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.

Septe'ber delivery 7.77^
October delivery. 7.87^
December delivery 7. 67M

The demand

Mori.
7.80

7.92^
7.70

Tues.
7.80
7.90
7.65

Wed.
7.67M
7.77M

Thurs.
7.77 l
7.85

A

Fri.
7.72
7.80

!

-

7.55

pork has been light but prices have held
steady, closing at $15<g$16 for mess, $13 75 (§,$15 75 for
short clear and $17 50 for family.
Cut meats have been
quiet but steady at 63^c for pickled shoulders, 10?4@llc.
for

hams and 8J^@10c.

for pickled

for pickled bellies, 16

(g

10

Beef has held steady at unchanged prices,
closing at $8 50@9 00 for mess, $10 (£$10 50 for packet,
$12@$12 50 for family and $17 50@$19 00 for extra India
mess in tcs. Tallow has been in fair demand and firm at
Stearines have been firmer, closing at 9c. for lard
4J^c.
stearine and 8^c. for oleo stearine.
Cotton-seed oil has
had a fair sale at steady prices, closing at 3034 c for prime
yellow.
Butter has been in good demand and firm, closing
at 173^@213^c. for creamery.
Cheese has been quiet, and
with stocks accumulating prices have declined, closing at
93^@103^c. for State factory, full cream. Fresh eggs have

lbs.

average.

-

advanced on limited receipts, closing at 21c. for best Western.
Brazil grades of coffee have been in fairly active demand.
Offerings of commercial grades have been very moderate, as
stocks of these particular grades are limited; prices have advanced. The close was steady at 8J^c. for Rio No. 7 and
934c for Santos No. 4. West India growths have been
sparingly offered and prices have advanced, closing at
9^@10c. for good Cucuta and llj^c. for good average
Speculation in the market for coffee contracts
Bogota.
has been fairly active. There has been better buying, induced by reports of crop damage in Brazil by cold weather
and frosts, and prices have advanced. The close was steady.
Following are the closing asked prices:
7.25c. Nov
7.85c.
7.50c. IMarch
Aug
79"c.
7.30c. Dec
7.60c. |Mav
Sept
7.40c. Jan
8.05c.
7.70c. July
Oct

Raw sugars have been in light demand, and under moderate offerings prices have declined, closing at 4 l-16c. for
centrifugal, 96 deg. test, and 3 7-16c. for muscovado, 89
Refined sugar has been in fair demand and
deg. test.
Rice has been in better
steady at 5' 20c. for granulated.
demand and firm. Trade demand for teas has shown some
improvement.

Kentucky tobacco has continued

to

be firmly held, with

demand moderately active. Although buyers have given a
fair amount of attention the past week to the market for
volume of business that has been put
through has reached only very moderate proportions; prices
have continued firm. Sumatra tobacco has had a fairly
good sale at full values. Havana tobacco has been in fair
seed-leaf tobacco, the

demand and

firm.

Business in the market for Straits tin has been quiet, and
only slight changes have occurred in prices. The close was
quietat 32.50 @32.75c. Ingot copper has been in moderate^
active demand and higher, closing at 15.70 @15. 75c. for
Lake and 15.70 @ 15.90c. for electrolytic. Lead has been
Spelter has been in fair demand,
firmer, closing at 4.75c.
Pig iron has been in moderate
closing at 5.75 @5. 80c.
demand, closing steady at $16.25 for No. 2 Northern and
$15.50 @15. 75 for No. 2 Southern.
Refined petroleum has been in fair demand and firm,
closing at 6.90c. in bbls., 9.60c. in cases and 4c. in bulk.
Naphtha has been steady at lie. for 71 degrees and lie. for
76 degrees. Credit balances have been steady, closing at
The
Spirits turpentine has been quiet and easier.
1.27c.
Rosins have been in fair demand
close was steady at 63c.
and steady at $3 55 @3 60 for common and good strained.
Hops have been quiet, but steady. Wool has been in less
active demand, but prices have held firm.

—

.
1

.

..

AUG.

.

—

.

—

.

1

.

.

THE CHRONICLE.

19 1905.

<>:r>

COTTON.

t>n

a rait

Friday Night, August is 1905,

THE MOVEMENT OF THE CROP

Aug. 18 at—

as indicated by our

For the
telegrams from the South to-night Is given below.
have
receipts
readied
week ending this evening the total
50 ,2 is hales, against 62,871 bales last week and 74,337
hales the previous week, making the total receipts since the
1st of September 1904 '.).9()2,440 hales, against 7,137,296
hales for the same period of 1903-04, showing an increase
since Sept.
Receipts at

—

Galveston
l't. Arthur,

Now

1904 of 2,825,144 hales.

1

Mon

Sat.

Thurs.

Wed.

rues.

Total.

Fri.

2.S94

2,290

5,886

1,992

3.190

5,349

21,601

1,557

2, SOS
58

2.414
27

2,155

2,488
62

63
124

11,753

Jcc

Orleans.

77

Mobile.

499

847

4.947
1,154

977

807

616

869

476

4,947
4.S99

Brunswick, Ac
Charleston
Port Roval, Ac

13

586

120

ii

6

13

749

Wilmington

32

16

9

32

40

530

659

420

757

525

299

668
57

3,708
57
25

Pensacola, &<

Savannah

_ _

Wasrilngt'n.&c
Norfolk
N 'port N., &c.

1

.039

Shipboard, Not Cleared

Hr it'n

Now Orleans
Galveston

Ger.

France

7,132
17,925

Other

Coast

many. Foreign

.

165
8.501

7,133
6,887
7,400

Savannah

lor

Leaving
Total.

ICI.SC.

59
2,217

10,088

200

700

Chariest on

"126

Mobile
Norfolk
New ^ ork
Other ports..

3",666

""666

""566
700

9,266

22,570
3.278

2,800

30.S57
3,399

Total 1905.
total 1904.
Total 1903.

350
598

2,571

10,000

Y.666
200
1

1
1

,488
,968

254

13,102
2,452
125

stork

51,750
81,878
9,599
8,948
"126 2,062
10,000
8,746
5,100 138,975
7,961
3.700

24,577
85,680
8,100

87.2S3 219.122
11,447 68,175
3,548 177,339

Speculation in cotton for future delivery has been fairly
Weather conactive.
Early in the week prices declined.
ditions in the Eastern section of the cotton belt were favorable.
Hear operators were aggressive; there was moderate
selling for the account of spot nouses and outside speculative
During the week sevholders were reported liquidating.
eral prominent New Orleans operators arrived in the local
market, and a report was circulated that a bull pool was
formed to operate in this market. At any rate, during the
second half of the week good buying, which it was understood

came from these New Orleans operators, developed, and
The crop situation in Texas was reprices turned firmer.
st:
99
24
7
166
449 ported as becoming critical, hot, dry weather being exBoston
73
524
524
Baltimore
perienced, and it is understood that in some localities rain
Philadel'a, Ac.
The dry weather in Texas, it was stated,
is badly needed.
6.42-:
8,471 50,218 was the principal factor in the bull campaign.
9,812
6,981
6.22C 12,307
Tot this wk
Advices
~*
received from England reported that the labor troubles at
The follow ing shows the week's total receipts, the total Lancashire had been settled until next March, thus averting
since Sept. 1 1904, and the stocks to-night, compared with a threatened strike, which also operated in favor of the marFactors reported that spot cotton in the South was
ket.
last year.
_ „

New York

21

.

below the basis of contracts, with the demand
from spinners light. Spot houses have taken advantage of
this situation and were buying the offerings of actual cotton
against which they sold contracts at a profit.
To-day the
market was fairly active and higher during the early trading,
on continued dry weather in Texas and shorts covering.
During the day the market became quieter and part of the
advance was lost. The close was steady at a net gain for
the day of 9@12 points.
Cotton on the spot has been
quiet, closing steady at 10.75c. for middling uplands.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
selling at

1903-04.

1904-05.

Stock

Receipts to

Aug-

Galveston _
Pt. Arthur, Ac_.
New Orleans
Mobile
Pensacola &c .

Brunswick,
Charleston
Port Royal,

Wilmington
Washington, Ac
Norfolk

Newp't News, Ac

New York
Boston
Baltimore

.

Philadelphia,

8,703 2,349.715
104,029
1,433 1,999,356
11
200,095
132,868
1,250 1,146,806
120,760
Y.OOS
150,594
1,290
43
321,475

290,604
lY,753 2,668,831
847 326,556
210,018
4,947
4,899 1,84 1,756
200,853
"749 221,424
902
""659
374.573
122
3~,708
788,632
57
27,481
25
33,742
449
81,630
524
62,372
13,736

Ac.
Ac.

Ac

Totals

Since Sep
1 1903.

This
week

21,601 2,819,208

,

Savannah

Since Sep
1 1904.

This
week

18.

336
484,298
22,144

'787

1904

1905.

67,058

8,791

76",327

24~,804

2,188

2(59

17~,699

S",470

3,623
3,948

565

2~,047

"303

13~,746

1,049

18,815 144",075
32,769
3,152
31,092
759
14,854
2,083

155

452
193

14,030 7,137,296 336,705

50,21819,962,440

30,1S4
2,514

727
1,646

79,622

In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.

we

Receipts at

1905.

Galv'n, Ac.

NewOrleans

1902.

1903.

1904.

21,601
11,753

8,703

172

,433

600

Mobile

1

1901.

847

1,250

Ch'ston.Ac.

4,899
749

,003

6

Wilm'n.Ac.

659

28
161

800

294
688

418

All others..

3.708
57
5,945

43
787

wk

50,218

14,030

2,021

24,692,

Norfolk

. .

N.News, Ac.
Tot

.this

Since Sept.

1

72

1900.

8,232
5,146
20
1,256

16,605
2,664
194
2,409
784
190
1,067

11

Savannah..

1

1SS

817
448

12
143
1,468

73

214
172
1.617

1,004

261

,693

2,893

17,281

week ending

evening reach a total
of 75,483 bales, of which 44,529 were to Great Britain 11,859
to France and 19,096 to the rest of the Continent.
Below
for the

this

,

are the exports for the week and since Sept.
Week ending Aug.
Exported

From

18 1905.

Sept.

1

1

1904:

1904 to Aug. IS 1905,

Exported to

to

F.xportfl

trom
Galveston
Pt, Arthur. 4c.
Sew Orleans..
Mobile
Pensacola. 4c.

Great

ContiBritain. Fr'nce nent.

17.307
•J>,b

337
8.246

100

1,879
1.947

Savannah

8.221

Brunswick
Charleston
fort Uoyal
Wilmington
N
-

...

.....

•-•..._

N"port\
Hew \ or*
Boston

7.753

3.512

7.819

Baltimore.

3.437

100

1.912

I'till.vlelphla ..

200
12

San fran., 4c.
Total
Total 1903-04.

507
44.529
2.11'

11. 858

Total

Great

Week.

Britain.

1

France.

17,644 1.292.439 284.602
61,385
9.311 1.107,236372.408
1.878
76.562
120,1,71 22.172
4,947
8,221
275,817 51.489
159.472
3.379
.....
9~654
182.
1,531 14.116
100
21,623
19.084
339.676 49.172
4.949 208.538:
5.449 141.7571 5.724
3.492
66,337

507

|

0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30

Good Ordinary
Good Ordinary.
Strict Good Mid. Tinged
Strict

Contlnent.

1

|

Total.

684,979,2.262.020
10.'

934.634|2,41 t,*38

61.623

UPLANDS..

.'»

74.617

77,996

172*806

365.099

8.4071
2.438!
206,'"
15,1-

.

Wed. Thurs.

9.65
10.27
10.65
11.09
11.61

9.55
10.17
10.55
10.99
11.51

9.60
10.22
10.60
11.04
11.56

9.50
10.12
10.50
10.94
11.46

Sat.

Mon.

Tues.

Wed. Thurs.

9.90
10.52
10.90

9.85
10.47
10.85
11.29

9.75
10.37
10.75
11.19

9.85
10.47
10.85
11.29

11.86

9.80
10.42
10.80
11.24
11.76

11.81

11.71

11.81

STAINED.

Sat.

Mon.

Tues.

Wed. Thurs.

Low Middling..

9.15
10.15
10.31
10.65

9.05
10.05
10.21
10.55

9.10
10.10
10.26
10.60

9.00
10.00
10.16
10.50

Middling
Good Middling
Middling Fair

GULF.
Good Ordinary..

Low Middling
Middling .
Good Middling
Middling Fair

Middling
Strict

1 1

.

Low Middling Tinged

Good Middling Tinged

The quotations
August 18 for each
1905. c. 10.75
1904.
10.65
1903.. 12.75
1902.. . 9
1901.. . 8
1900. .10
1899. . 6 3-16
1898.

-

5%

.34

1889. c. 11%
1888. ..llkf
1887... 9 11-16
1SS6... 9%
1885. ..10',
1884. ..10%
1883. ..10 3-16
1882. ..13 1-16

1897. c. 8
1896. ..8 7-16
1895... 7 9-16
1894... 7
1893... 75-16
1892... 7 3-16
1891... 7 15-16
1890 ..11 15-16

MARKET AND

Fri.

9.60
10.22
10.60
11.04
11.56

9.75
10.37
10.75
11.19
11.71
Fri.

10.00
10.62
11.00
11.44
11.96
Fri.

9.10
10.10
10.26
10.60

9.25
10.25
10.41
10

7.-)

11881. C.12%
|1880... 11 11-16

1879._.11%
1878.. .12
1877.

.1

I

'

i

1876.. .12%

I1K75__.14%
11874.

..16%

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 Bpote and futures closed on
same day-.
Sales o\ spot

Spot Market
Closed.

75.483 4,057.971 856.600 3,704, 141 8.618,912
2.089
2,760,969 6,015.176

Monday
Tuesd

Wednesday
Thursday
Friday

Quiet
Quiet
Quiet
Quiet
Quiet

Market
'la

10 pta. dec. Quiet
pis. dec, Steady
steady
pta. adv
i>ts. dec. Barely Bl

10
6
in
10
Quiet 15

pts.
pts.

and Contract.

Futures
<

Saturday

Lambert & Barrows, Produce Exchange Building.

off
off
off
off
off
off
off

for middling upland at New York on
of the past 32 years have been as follows:

19.006

We

on|

Tues.

g] 1,478

In addition to above exports, our telegrams to-nighl
give us the following amounts of cotton on shipboard, oot
cleared, at the ports named.
add similar 6gur<
.New \ork, which arc prepared for our special use by M

Middling Stained
Low Mid. Stained
Low Middling Stained

off| Strict

Mon.

71.118

314,478

0.12
0.34
0.50
0.84
0.50
1.00
1.50

Sat.

1H3.988
205.071

947,551,1,.
694'- 166,418

off

c. 0.06 off

On this basis the official prices for a few of the grades for
the past week would be as follows:

Low Middling

9,962,440 7,137,296 7,639,462 7,488,636 7,552,647 6,548,143

The exports

Middling Fair
Good Middling
Good Middling
Strict Low Middling
Low Middling
ne

Good Ordinary

1

Even

Good Middling Tinged...
on Strict Middling Tinged
on Middling Tinged
on Strict Low Mid. Tinged
off Low Middling Tinged
off Strict Good Ord. Tinged

c. 1.30 on

Fair
Strict

adv. Steady
adv. Steady

Con-

< /ne 11

lotion

inn'ii

tract.

Total.

20
i

;§66

Ioi

15

160

266
son

1

,300
100

215
SOI)

THE CHRONICLE,

676
FUTURES .-High,

low and closing prices at

Now

York.

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SUPPLY

o
15

211 ,000
1,000
83 ,000
3,000
18,000
9,000
3,000

342,000

Total European stocks
1 ,140,000
India cotton afloat for Europe. 138,000
Amer. cotton afloat for Europe. 196,000
23,000
Egypt, Brazil, &c.,aflt.for E'pe
52,000
Stock in Alexandria, Egypt. ..
Bombay,
India
673,000
Stock in
336,705
Stock in U. S. ports
126,254
Stock in U. S. interior towns.
15,900
U. S. exports to-day

4-'0

1

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i

p,

i

CO'

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—

CO'

— — M — — o —to
— 00Cs**.OS*.Cn — M0C>*.CO*- 4400M — OXtO — tOCCCCOs
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329,000
43,000
80,000
4,000
88,000
4,000
23,000
10,000
18,000
270,000

;

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1

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Stock in Alexandria, Egypt
Stock in Bombay, India

&c

l

— On

4-

4-

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339,000
34,000
84,000
4,000
79,000
3,000
11,000
19,000
12,000
246,000

599,000
61,000
18,000
13,000
65,000
361,000
79,622
60,093

585,000
98,000
24,000
13,000
5,000
436,000
180,887
13,173

1,064

1,523

497,000
20,000
69,000
3,000
88,000
2,000
30,000
14,000
9,000
235,000

732,000
30,000
60,000
14,000
45,000
344,000
149,968
55,454
4,205

198,000
28,000
163,000
24,000
180,887
13,173
1,523

387,000

,676,859

511,779

608,583

841,627

77,000
18,000
7,000
36,000
138,000
23,000
52,000
673,000

100,000
28,000
5,000
113,000
61,000
13,000
65,000
361,000

92,000
18,000
3,000
83,000
98,000
13,000
5,000
436,000

89,000
21,000
50,666
30,000
14,000
45,000
341,000

1,024,000
1,676,859

746,000
511,779

748,000
608,583

593,000
841,627

1

i

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18 5" 666

60,000
149,968
55,454
4,205

i

Cn

Continental imports past week have been 104,000 bales.
The above figures for 1905 show a decrease from last week
of 87,520 bales, a gain of 1,443,080 bales over 1904, an
excess of 1,344,276 bales over 1903.

to

i

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5*1

The above totals show that the interior stocks have decreased during the week 3,647 bales, and are to-night 66,161
bales more than same period last year.
The receipts at all the
towns have been 17,660 bales more than same week last year.

OVERLAND MOVEMENT FOR THE WEEK AND

—

SINCE SEPT. 1. We
overland movement for

give below a statement showing the
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:
-1904-05Since
Week
Sept. 1.
5,423
625,665

August 18.
Shipped
Via St. Louis
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati.
Via other routes &c

—

630
50
530
275
798

,

±y Urf-U4
Since

Week.

Sept. 1.

1,862

518,064
255,227

488

332,924
53,161
103,631
60,825
355,243

443
130

Total gross overland
7,706 1,531,449
Deduct shipments
Overland to N. Y., Boston, &c.
998
191,480
68
Between interior towns
36,724
Inland, &c, from South
1,244
62,034

—

13,731
122,485
32,350
196,042

2,923 1,137,899

800
760

97,530
31,427
102,420

290, 23S

1,583

231,377

Leaving total net overland a... 5,396 1,241,211

1,340

906.522

a Including

movement by

2,310

rail to

23

Canada.

The foregoing shows that the week's net overland movement this year has been 5,396 bales, against 1,340 bales
for the week last year, and that for the season to date the
aggregate net overland exhibits an increase over a year ago
of 334,689 bales.
1903-04
Since

1904-05Since
In Sight and Spi7iners'
Sept. 1.
Week.
Takings.
ports
to
Aug.
18.
50,218
9,962,440
Receipts at
5,396 1,241,211
Net overland to Aug. 18...
to
Aug.
44,000
2,152,000
consumption
18
Southern
Total marketed

2,700,859 1,257,779 1,356,583 1,434,627
Total visible supply.
5.80d.
6.12d.
6.70d. 4 27-32d.
Middling Upland, Liverpool...
10.75c.
10.65c.
New
York
..
12.75c.
9c.
Middling Upland,
15-16d.
9
Liverpool.
7
15-16d.
7 13-16d.
Brown,
8J^d.
Egypt Good
9.65d.
10.50d.
9d.
7d.
Peruv. Rough Good, Liverpool
5%d. 4 9-16d.
5 9-16d. 5 ll-16d.
Broach Fine, Liverpool
5^d. 5 5-16d. 5 7-16d. 4 9-16d.
Tinnevelly Good, Liverpool...

—

©' CnCOOsCnCci OsOtO'

CO

Total to be deducted

Total American
East Indian, Brazil, &c.
Liverpool stock
London stock
Manchester stock
Continental stocks
India afloat for Europe

So>

Oo'too— 'to —

181,000
15,000
157,000
18,000
79,622
60,093
1,064

American afloat for Europe...
U. S. stock
U. S. interior stocks
U. S. exports to-day

OC

* Cn

653,000
43,000
306,000
196,000
336,705
126,254
15,900

bales.

R-~

005

American —

Liverpool stock
Manchester stock
Continental stocks

1

i;

*0C — 00 — *.
O — tOOT' IO — — 10 4-10 CO 'OtO tO — —
tOO — COOOCntOtOOO — COO' tOO' cCCntOCnCOOC — *.O0C — —
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ocoi
to

2,700,859 1,257,779 1,356,583 1,434,627
Total visible supply
Of the above, totals of American and other descriptions are as follows:

Total East India,
Total American

•

OS CO

COTTON

798,000
14,000

Total Continental stocks

Oi

1

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1

1

Total Great Britain stock...
Stock at Hamburg
Stock at Bremen
Stock at Antwerp.
Stock at Havre
Stock at Marseilles.
Stock at Barcelona
Stock at Genoa
Stock at Trieste

I
I

58-

p.

CO
tO
— to —
4-V.O:
10*.
— 00 —
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M
Cn * CO
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.

to-night, as made
OF
VISIBLE
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
But to make the total the complete figures for
evening.
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
1904.
1903.
1902.
1905.
August 18—
bales. 730,000
281,000
290,000
476,000
Stock at Liverpool
18,000
28,000
18,000
21,000
Stock at London
50,000
20,000
31,000
Stock at Manchester

THE

I

Crn

*
CO

o
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to

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g

l»
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1®

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set out in

is

/

OSOt

1

too
to©

corresponding period of the previous year
detail below.

§
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55
OO o
s o
coco
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13 251 loco ol tO —
—— ——

I—*

1

—

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week

3 g

.since

oo OO oo OO oo oo 5S oo
toss

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t»

the movement— that is the
Sept. 1, the shipments for the
and the stocks to-night, and the same items for the

week and

[

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i

3

AT THE INTERIOR TOWNS
receipts for the

QW-QW3 o»oojfto»a opjS-owS QS)S QW| Qssr^ow^ o«=
w 3

[Vol. lxxxi.

Interior stocks in excess

Week.
14,030
1.340
20,000

35,370 10,061,818
a4,392
48,491

99,614 13,355,651
64,594
a 3,647

into sight during week. 95,967
13,420,245
Total in sight Aug. 18

30,978

Came

North, spin's' tak'gs to Aug. 18

7,534

Sept. 1.

7,137,296
906,522
2,018,000

10,110,309

2,324,990

10,094

2,120,951

a Decrease during week.

Movement
\Yeek

—

190 3_Aug. 21
1902— Aug 22
1901— Aug 23
1900— Aug. 24

into sight in previous years.
Bales.

29,458
61,594
53,135
37.848

I

Since Sept.

1

1902-03— Aug.
1901-02— Aug.
1900-01— Aug.
1899-00— Aug.

Bales.

21

22
23
24

10,703,245
10,451,483
10,400,917
9.154,521

6

A in.

li»

.

.

THE CHRONICLE.

1905.1

QUOTATIONS FOB MIDDLING COTTON AT OTHER
MARKETS. Below arc closing quotations of middling
cotton at Southern ami other principal cotton markets for
each day of the week.
Closing Quotations lor Middling Cotton

Week ending
Aug.

—

10 9-lfi
Orleans. 10
io>,
Mobile

Galveston

New

.

Savannah

10',

ID'...

10',

10%

10 7-16
10',
to',

l()»s

lOfi

10%

to

10

10 3-10

10
10',

.

_

10',
10.50
10.62
10.85

1

o 3-

1

10%

—

10',
It)

— We

10',

Charleston

Wilmington..
Norfolk
Boston
Baltimore
Philadelpliia

_.

iow

to%

10%

10%

.

10.7.-,

10.55
10.62

.

10.75
10.90

10.65
10.62
10 SI.

io.s.->

LOW
L0H

10',
10',
10',
10',
10>s

10.60
10.62
10.75
10',
10's
10',

Augusta

10"

s

Memphis
Louis

St.

10%

10%
10%

Houston
10 9-16
Little Roek.. 10%

',()',

10",
10-\
10",

un

10%

10%

10%

—

10.60
10.7.".

.00
10'

1

1

.

—

L0%

10%
10%
10%

—

The closing quotations to- day (Fr day) at other important
Southern markets wore as follows:
10 3-16
Atlanta
10% Louisville
10% Natchez
10K Raleigh
10%
Col'bus, Ga_.
\0H Montgom ery .
10% Shreveport
Col' bus, Miss.
10% Nashville

NEW ORLEANS OPTION MARKET.— The highest, lowand closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:

est

Monday, Tuesday Wed'day, Thursd'y, Friday,
Aug. 14. Aug. 15, Aug. 16. Aug. 17. Aug. 18.

Sat'day,

Aug.

12.

—

— @ — — — @ ——
@ — — @ — 10.45
10.12- — 10.38
10.21
10.29
10.38
Closing
—
September
— @ — — ® — 10.20-.21 — @.30 —
@ —
Range
10.41-.43 10.47
10.42-44 10.23-.25 10.31-.32 10.15
Closing
October —
22-. 51 10.53-.71
10.50-.58 10.30-.38 10.22- .47
45
Range
26 10.49-.50 10.55-.56
10.53-.54 10.31-.32 10.41-.42
Closing
December —
10.55-.64 10. 35-. 42 10.27-. 53 10.30-.50 10.27-.56 10-59-. 78
Range
10.36-.37 10.
56 10.60-.61
10.59
48 10.30Closing
January —
August

Range

.43

(a

(a:

10. 25-.
10. 25-.

47-.

Range
Closing

-

10.

.31 10. 55-.

10.63-.66 10.36-.42 10.34-.60 10.45-. 50 10.32-.52 10.66- .83
10.65-.66 10.43-.44 10. 53-. 54 10.37- .38 10.61-.63 10. 67-. 68

Tone—
Spot
Options

Easy.
Easy.

Quiet.

Steady.

Steady.
Steady.

—

It has rainedjon one day of the week,
Nacogdocfu s, Texas.
the rainfall being forty-six hundredths of an inch.
Average
thermometer So, highest 93, lowesl 72.
There has been rain on one day the past
Palestine, Texas.
week, the- rainfall being four hundredths Of an inch. The
thermometer has averaged 83, the highest being 92 and the
lowest 7 1.
Pans, Texas. -There has been rain on two days of the
past week, the rainfall reaching forty hundredths or an inch.
Thermometer has averaged 84, ranging from 71 to 95.
San Antonio, Texas. We have had no rain during the
week.
Average thermometer 84, highest 96, lowest 72.
Weatherford, Texas.
have had a trace of rain on one
day during the week. The thermometer has averaged 88,
the highest being 102 and the lowest 73.
New Orleans, Louisiana. Rain has fallen on five days of
the week, the rainfall being fifty-six hundredths of an inch.
The thermomtc r has averaged 84.
Shreveport, Louisiana.
It has rained on one day of the
week, the precipitation being seven hundredths of an inch.
Average thermometer 84, highest 94, lowest 74.
Leland, Mississippi. There has been rain on five days
during the week, the precipitation reaching two inches. Average thermometer 77.7, highest 91 and lowest 67.

—

Monday. Tuesday Wed' day. Thursd'y Friday.

Sat'day.

18.

(177

Steady.
Steady. Steady
Steady. Very st'y Steady.

WEATHER REPORTS BY TELEGRAPH.—Our

tele-

graphic advices from the South this evening denote that in
some sections the weather has been le^s favorable during the
week. In the Southwest wheie rain has fallen the precipitation has been light as a rule, and over much of Texas there
has been no rain.
Along the Gulf and in some districts
along the Atlantic, it is claimed, there has been too much
moisture. Reports from Arkansas denote an improvement in
the crop but from Alabama there are complaints of rust
and shedding.
Galveston, Texas.
General rains would be very beneficial
There has been only a trace
to the cotton crop in Texas.
of rain on one day during the week.
The thermometer has

—

averaged 85, ranging from 81 to 88.
Rain has fallen lightly on two days of
Abilene, Texas.
the week, the rainfall being seven hundredths of an inch.
The thermometer has ranged from 70 to 100, averaging 85.
lirenham, Texas.
It has been dry all the week.
Average

—

—

—

Helena, Arkansas.
Cotton is somewhat rank, but is fruiting better.
There has been too much rain and the indications are for more, but we hear no complaints of rust, worms
or blight.
We have had local showers on two days during
the week, the rainfall being one inch and nine hundredths.
The thermometer has averaged 81, the highest being 93 and
the lowest 70.
Little Rock, Arkansas.
Crop shows some improvement.
There has been rain on five days of the week, and it has
reached two inches and fifty-five hundredths. The thermometer has averaged 80 ranging from 60 to 93.
Nashville, Tennessee.
There has been rain on one day
during the week, the precipitation reaching three hundredths
of an inch.
Average thermometer 80, highest 91 and low-

—

—

est 68.

—

Memphis, Tennessee. Condition of cotton continues to
We have had rain on three days of the past week,
the rainfall being one inch and fifteen hundredths.
The
thermometer has ranged from 67.8 to 90.3, averaging 79.9.
Mobile, Alabama.
Frequent rains retard opening and
picking and there are some complaints of rust and shedding.
It has rained on six days of the week, the rainfall reaching one
inch and seventy hundredths.
Average thermometer 82,
improve.

—

highest 92, lowest 73.

—

Montgomery, Alabama. It is raining too much and there
are complaints of rust and shedding.
The outlook is less
favorable.
have had rain on four days of the past week,
the precipitation being one inch and eight hundredths.
The
thermometer has averaged 80, the highest being 93 and the
lowest 70.
Selma, Alabama.
Rains are doing damage on bottom
lands, causing bolls to rot.
Rain has fallen on four days of

We

—

the week, the rainfall reaching three inches and fifteen hundredths.
The thermometer has averaged 81, ranging from

68 to 94.
Madison, Florida .—There has been rain on two days during the week, the rainfall reaching one inch and fifty hundredths.
The thermometer has ranged from 68 to 90, averaging 79.
Augusta, Georgia.
Rain has fallen on four days of the
week, the rainfall being nineteen hundredths of an inch.
The thermometer has averaged 82, ranging from 72 to 94.

—

—

Savannah, Georgia. Rain has fallen on five days of the
week, the rainfall reaching two inches and thirty-two hundredths of an inch. The thermometer has ranged from 71 to
94, averaging 81.
Charleston, South Carolina.
There has been rain on four
days during the week, the precipitation reaching seventyfour hundredths of an inch.
The thermometer has averaged
81 ranging from 75 to 91.
Stateburg, South Carolina.
Cloudy and much cooler on
Thursday decidedly better for cotton than an immediate
return to clear, hot sunshine. There has been rain on five
days the past week, the rainfall being one inch and fourteen
hundredths. Thermometer has averaged 79, ranging from

—

thermometer 88. highest 97, lowest 75.
Corpus Christi. Texas.
We have had no rain the past
week. The thermometer has averaged 84, the highesl bi ing
96 and the lowest 77.
Cuero, Texas.
Dry weather lms prevailed all the week.
The thermometer has ranged from 66 to 100, averaging s v
hnllas, Texas.
We have had showers on two daye 'luring
of 70 to 91.
the week, the precipitation being fourteen hundredth
an inch.
Average thermometer 89, highesl 98, lowi -i 69
Charlotte, Xorth Carolina.
We are having too much moistFort Worth, Texas.
We have had rain on two day- during ure; some clear weather is needed. We have had rain the
the week, the precipitation being fifty-two hundredth
of
pasl week, the rainfall reaching one inch and seventy-four
The thermometer, has averaged 88, the hug]
tin inch.
hundredths. The thermometer has averaged 74, the highest
being 98 and the lowest 08.
being SO and the lowest 63.
Henrietta, Texas.
We have had rain on one daj during
The following statement we have also received by telethe week, the rainfall being twenty-two hundredth
of an
graph, showing the height of the rivers at the points named,
inch.
The thermometer has averaged 86, ranging from 67 it 8 a. m. of the dates given the last two years:

—

,

—

—

—
—

—

—

—

to

103.
Huntsville, Texas.

—
Texas. — There has been no
during
week. Average thermometer 86, highesl 98, lowest
Lampasas, Texas. — We have had no
during the
The

The weather has been dry till the week.
The thermometer has ranged from ~'.i to 101 averaging 87.
,

Kerrville,

rain

the,

thermometer

ha.-

•<

ek.

averaged B5, the highest being 102 and

the lowest 68.
Longview, Texas. 11 has been dry all the week
thermometer ban averaged 84, ranging from 72 bo M^
Luling, Texas.
We have had no rain during the week,
The thermometer has ranged from 716 to !>H, averaging s 7.

—

—

Not Oil. '.mMemphis

Feet
10"8
L2.0

Above

Nashville

71

rain

Aug. is 1005.

port

.

.

Vickaburg

.

zero of
\.bove zero of
Ujove zero of
Above zero of
Above zero of

ga

!"'/ 19 1904.
Feet.

4.9
6.4

mo

gauge
gal

11.8

21.6

gau

JUTE BUTTS, BAGGING,

been qo
AC. -There ha
market for jute bagging during the week.
Prices are unchanged at 8c. for l;
and 8#c. for 2 lbs.
Ibi
.,'c.
for
dard grades. Jute butts have been dull at
paper grades, 2' {<. for mixing ami ::<. for bagging quality.

animation

in

the

1

.,

.

:;

l

THE CHRONICLE.

678

MOVEMENT FROM ALL PORTS.—

INDIA COTTON

receipts of cotton at Bombay and the shipments from
all India ports for the week and for the season from Sept. 1
for three years have been as follows:

The

August 17.
Receipts at

1904-05.

—

Since

Week.

Bombay.

9,000 2,684,000

For
Exports
from

—

Total.

6,000 2,472,000

12,000
2,000
10,000

12,000
2,000
16,000

Review

will

be ready in circular

MANCHESTER

KKET.—

Our report received by
MA
cable to-night from Manchester states that the market is
quiet for both yarns and shirtings.
Merchants continue to
buy very sparingly.
give the prices for to-day below
and leave those for previous weeks of this and last year for

Total.

456,000
863,000
920,000

478,000
957,000
997,000

comparison

Bombay
1904-05
1903-04
1902-03
Calcutta
1904-05
1903-04
1902-03

pj
Annual Cotton Crop
form about Wednesday,

COTTON CROP CIRCULAR.— Our

We

1.

Continent
.

1905.

22,000
94,000
77,000

4,000
1,000
2,000

4,000
1,000
2,000

3,000
4,000
5,000

47,000
49,000
50,000

50,000
53,000
55,000

2,000
9,000
1,000

3,000
10,000
1,000

4,000
13,000
9,000

17,000
49,000
29,000

21.000
62,000
38,000

,000
,000
,000

5,000
10,000
8,000

6,000
11,000
12,000

14,000
23,000
37,000

241,000
296,000
191,000

255,000
319,000
228,000

2,000
2,000
4,000

23,000
22,000
27,000

25,000
24,000
31,000

-

Madras
1904-05
1903-04
1902-03
All others
1904-05
1903-04
1902-03

,000
,000

Total all—
1904-05
1903-04
1902-03

Georgias, extra

orders as soon as possible, to ensure early delivery.

Sept. 1.

Since September
Great
Britain.

Continent.

Britain.

Week.

1.

7,000 2,126,000

Week.

the

Great

Sept.

— For

Parties desiring the circular in quantities, with
their business card printed thereon, should send in their

Since

Since

Week.

Sept. 1.

Quotations Aug. 18 at Savannah.
13c; choice, 14c; fancy, 17J/£c

fine,

Sept. 6.

1902-03.

1903-04.

[Vol. lxxxi.

43,000
761,000 804,000
134,000 1,257,000 1 391,000
128,000 1,190,000 1,318,000
(

S>4
32s Cop.

ings,

Twist.

J

(i.

i'/

21

28

Aug.

9
9
8JS

(I.

@9K
@9%
(2*9%

1904.

s.

«1.

4

8
8

8

4
11

,4

8
8

14

4

7

14

Mid

32s Cop.

Up's.

Twist.

common

to finest.

4
4

s.

@7
@7
@7
©7
@7
@7

a.

4

8'A\ 5.87
\

common

,

(1.

m»A

@8
9M§8

10J4

fe8

7'A

8
8

@8
@8

1'A
1'A

5
5

»9%

d.

s.

5 11
5
5 9
5

Mid

Up's.

to finest.

8V2

5.81|8J^
5.S0S'<k

Cofn

lbs. Skirt-

ings,

(1.
a.
c
5.82 9
5.91 & 7
@9J|
6-01 8 11-16@9%

8'A
8'A
8'A

8\/2
7

8%

Cot'n

lbs. Skirt-

7H@8

9"'

d.
6.72
6.32
6.18

6.02
6.10
7'A- 6.12

FALL RIVER MILL DIVIDENDS.— In

our editorial columns to-day will be found an article under the above caption
covering the results for the nine months of 1905.

EUROPEAN COTTON CONSUMPTION TO AUGUST 1.
cable to-day we have Mr. Ellison's cotton figures
brought down to August 1. We give also revised totals for

— By

According to the foregoing, Bombay appears to show an last year that comparison may bemade. The spinners, takincrease compared with last year in the week's receipts ings in actual bales and pounds have been as follows:
Exports from all India ports record a gain
of 2,000 bales.
Great Britain.
Oct. 1 to Aug. 1.
Continent.
Total.
of 1,000 bales during the week and since Sept. 1 show a
decrease of 587,000 bales.
For 1904=05.

ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. —-Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we

Takings by spinners
bales.
3,290,000
4,827,000
8,117,000
Average weight of bales.. lbs.
508
490
497.3
Takings in pounds
1,671,320,000 2,365,230,000 4,036,550 000

now

For 1903-04.
bales.
Takings by spinners
2,532,000
4,741,000
7,273,000
Average weight of bales. .lbs.
505
475
485.4
Takings in pounds
1,278,760,000 2,251,975,000 3,530,735,000

receive a weekly cable of the movements of cotton at
Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years.

Alexandria,

Alexandria, Egypt,
1904-05.

August 16.

1903-04.

1902-03.

Receipts (cantars a)

This week
Since Sept.

This
Since
week. Sept. 1

Exports (bales)

To
To
To
To

can tar

is

241,290

5,741,607

This
Since
week. Sept. 1.

34S,959
79,445

2,500 359,677
53,162

1,516 208,808
146,418
1,510 328,018
405 84,130

7,000 818,982

2,500 791,590

3,431 767,374

5~,666

1,000

.-

A

This
Since
week Sept. 1

1,000 234,328
156,250

Liverpool

Manchester
Continent
America. .

Total

o

500
6,461,932

6,232,295

1

137,461

98 lbs.

SEA ISLAND COTTON MOVEMENT.— We

have

re-

ceived this (Friday) evening by telegraph from the various
ports the details of the Sea Island cotton movement for the
week. The receipts for the week ending to-night (Aug. 18)
and since Sept. 1 1904, the stocks to-night and the same
items for the corresponding periods of 1903-04, are as follows:
1904-05.
Receipts

to

Aug. 18.

1903-04.

This

Since

This

Since

Sept. 1.

week.

Sept. 1.

54.148
12,089
34,306

105

12 100,543

105

12

Total

1905.

|

1904.

48,990
9,357
17.494

2,406

30
543

4,970
94
3,630

75,841

2,979

8,694

The exports

for the week ending this evening reach a total
bales, of which 129 bales were to Great Britain,
France and
to Bremen, and the amount forwarded to Northern mills has been 26 bales. Below are the
exports for the week and since Sept. 1 in 1904-05 and 1903-04.

Week Ending Aug.

—

SavannahCharleston,
Florlda, &c

France
Britain.
&c.
Great

18.

10.276

"i29

"125

"254

Total.

4.466

129

125

1904.

254

14,742

20

316

14J85

3".124

17",909

26

1.

31,437
1,547

26,948
4,163
667

30,187

7,610

37,797

26

59.932

24.411

7,132

31.543

325

35.645

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts
via Boston and Philadelphia. Instead of including this cotton
for the week in which it leaves the Southern outports, we
follow the same plan as in our regular table of including it
when actually exported from New York, &c. The details
of the shipments of Sea Island cotton for the week will be
found under the head "Shipping News" on a subsequent page.

Great
Britain

Continent.

Spinners' stock October 1__
Takings to August 1

57
3,343

315
4,730

Supply
Consumption, 43 weeks..

3,400
3,044

Spinners' stock August 1.

1903-04.
Great ContiBritain nent.
I

Total.

Total.

372

40

446

486

8,073

2,558

4,504

7,062

5,045
4,257

8,445
7,301

2,598
2,477

4,950
4,257

7,548
6,734

356

788

1,144

121

693

814

68
UN
68
72

99
99
99
99
99
99
99
99
99
99

167
167
167

50

171
171
171
171
171
171
171

60
55

99
99
99
99
99
99
99
99
99
99

149
162
162
159
154
154
154
154
159
159

71'

72
72
72
72
72

63
63

55
55
55

60
60

NEW SEA ISLAND COTTON AT SAVANNAH.— Our

Northern Mills.

Week. Sept.

1904-05.

1.

correspondent at Savannah writes us that thus far two bales
of the new crop of Sea Island cotton have been received
The first was shipped by C. A. Williams, Alachua,
there.
It weighed 409 lbs., graded fancy lj^-in. staple and
Fla.
The second, shipped by J. N. Griffin,
arrived Aug. 8th.
Valdosta, Ga., weighed 375 lbs., graded fancy, 1^-in.
Both bales were shipped
staple, was received Aug. 14th.
to John Malloch & Co., who do a strictly Sea Island business.
EGYPTIAN CROP. Messrs. Choremi, Benachi & Co. of
Boston and Alexandria, Egypt, write, under date of July 28,

Since
Total.

296
4.163
667

Philadelphia

Total 1903-04...

1

France
Total. Britain.
&c.

&c

New York

Since Sept.
Great

Aug.

The foregoing shows that the weekly consumption is now
171,000 bales of 500 pounds each, against 159,000 bales of
The total
like weights at the corresponding time last year.
spinners' stocks in Great Britain and on the Continent have
decreased 78,000 bales during the month and are now 330,000
bales more than at the same date last season

of 254
125 to

Exports
from

Oct. 1 to

Bales of 500 lbs. each,
000s omitted.

Weekly Consumption,
000s omitted.
In October
In November
In December
In January
In February
In March
In April
In May
In June
In July

Stock.

week.

According to the above, the average weight of the deliverGreat Britain is 508 pounds per bale this season, against
505 pounds during the same time last season. The Continental deliveries averaged 490 pounds, against 475 pounds last
year, and for the whole of Europe the deliveries average
497.3 pounds per bale, against 485.4 pounds last season.
Our dispatch also gives the full movement for this year and
last year in bales of 500 pounds.
ies in

—

as follows:

The writer has just returned from a trip to the interior, and can only
report that the cotton is standing exceptionally well; water is everywhere
abundant, the weather continues magnificent, and any worms appearing
are energetically dealt with by the farmers and the Agricultural Department. The only remaining danger is fog, for which there is not yet a
prevention invented.

I

GOVERNMENT WEEKLY COTTON REPORT.—Mr.
James Berry, Chief of the Climate and Crop Division of the
United States Weather Bureau, made public on Tuesday

..
.

Ava.

.

THE CHRONICLE.

19 L905.|

the telegraphic reports on the crop in the Southern states
[or the week ending August 14 as follows:
Cotton Improved i>y rain on upland, much Injury
Worth Carolina.
on lowland, shedding generally reported, rust appearing and In p]

—

quite injurious.
South Carolina. W nut damaged cotton in places; cotton continues
to shed excessively and has deteriorated generally, owing to rust, which
is widely prevalent, considerable has been picked.
main bolls rotGeorgia.- -Cotton continues to rust and shed rapidh
ting on the stalk, black-root slowly decreasing, picking In progress In
few
middle
counties,
some
oi premature
complaints
In
and
begun
south
opening of bolls, short crop Indicated.
Cotton is being seriously damaged by rust, a great deal of
Florida
fruit is being lost and some cotton now open is rotting in fields, picking
IS delayed.
Alabama. Cotton doing well in north, but wet weather causing continued deterioration elsewhere, with rust and shedding general, other
damage slight, opening slowly, little picking done, sunshine needed.
Mississippi. Cotton generally deteriorating, rust, blight and much
shedding prevalent, some early fruiting well, much fruiting slowly, bolls
opening in south, considerable late cotton small and grnss\
Louisiana.- Cotton improved In many sections, though fruiting irregularly, generally much below average, bulk of crop grass] some rusl
and shedding, Mexican weevil damaging crop in west portion, boll-worms
spreading, early cotton opening.
Texas.- -Cotton growing well in northeast, but badly damaged bj bollworms, growth rank in places, some being cultivated, elsewhere average
condition little changed, improved in some localities and Injured bv
drought in others, some damage by pests, principally boll worms, shedding considerably, bolls opening rapidly in central and southern, some
prematurely; good weather for cotton picking, but pickers generally
scarce.
Arkansas. Cotton small, hut making good progress and fruiting better, complaint locally of shedding, rust and insects.
Cotton not fruiting well, some rust and shedding.
Tennessee.

—

,

—
—

—

679

—

I.I \ ERPOOL.
By cable from Liverpool we have the following statement, of the week's sales, stocks, &0. at that port:
1

,

Aug. 4.
27,000
S00
800
21,000
6,000
61,000
760,000
689,000
40,000
22,000

28.

.////;/

bales. 31,000
Sales of the week.,
Or which exporters took
1,000
Of which speculators took 2,000
Sales American
25,000

Actual export

4,000
57,000

Forwarded
Estimated
Of which American

793,0110

Total stock

<

I

Total import of the week

Of which American

Amount

afloat..

720,000
00,000
64,000
105,000
76,000

Aug, 11.
30,000

Aug, is.
26,000

1,000
1,000

27,000
6,000

22 ,606

v. ,000

48,000
730,000
653,000
51,000
42,000
135,000
108,000

1,000

731,000
654,000
28,000
21,000
134,000
105.000

111,000

90,000
Of which American
The lone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
sp.d cotton have been as follows:

.

.

—
—
Oklahoma and

and

Indian Territories.

— Cotton

improved and

is

fruiting

12:80

P.M.

Very

>

Spec.Acxp.'
Futures.

4

P.

Wed'day.

Tuesday.

Very

Quiet.

little

Thursday.

Friday.

5.74

5.74

5.70

5.61

5.80

3,000

5,000

3,000

5,000

3,000

4.000

300

300

200

200

200

Easy at

Quiet at
IS 2 pis.

Quiet.

Quiet at

5@6

pts.
decline.

Steady at

Steady at

Steady at

Quiet at

4 pts.
decline.

pts.
decline.

pts.
decline,

4di 5 pts.

}

7©8

200
Steady at

Quiet at

decline.

M.

Quiet.

little

doing.

5.79

!

I

)

Very

Quiet.

little

doing.

doing.

J

S:\lcs

Market,

\

l

Mid. lipids

Market
opened.

Monday.

Saturday.

Spot.

Market,

7@8

I0<§ 11 pts.

6 pts.

advance.

1

pts.

decline.

advance.

Firm at

Steady at

pt. dec .to 12(5) 14 pts.
2 pts. adv.
advance.

1

advance.

boiling well.

Missouri.

—Cotton healthy and

fruiting well.

These reports are summarized by the Crop Division as
follows:

As in the previous week, the least favorable reports respecting cotton
are received from the eastern districts, where the prevalence of rust and
shedding continues. During the past week a large part of the central
and eastern portions of the cotton belt has received from two to six
inches of rain, which has proved injurious.
In northern Alabama and
in portions of Mississippi, Louisiana and Texas, cotton has improved,
but in other portions of these States the crop has deteriorated. In Oklahoma and Indian Territories, Arkansas and Missouri, cotton has generally
improved, although local complaints of shedding, rust and insects are
•
received from Arkansas.

The

prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.

below.

The prices are given in pence and 100th.
means 5 74-100d.

Total bales.

NEW YORK — To

Liverpool, per steamers Caronia, 35 .
Georgic, 2,618 upland and 50 Sea Island
Cedric, 2,515
steamer Camoens, 2,465 upland and 79
Manchester,
per
To
Sea Island
To Havre, per steamers Bordeaux, 2,087 upland and 125
La Bretagne, 1,300
Sea Island
To Bremen, per steamer Barbarossa, 3,517
To Antwerp, per steamer Vaderland, 492
To Barcelona per steamer Ulriken 550
To Genoa, per steamer Prinz Oskar, 1,647
_
To Venice, per steamer Emilia, 868
._
To Yarmouth, per steamer Prince Arthur, 145
I
To Japan, per steamer Quito, 600
,

NEW ORLEANS— To

5,218

2,535
3,512
3,517
492
550
1,647
868
145
600

10— Steamer Texan

Liverpool— Aug.

(additional), 965

——
—
—
— — — —— — —
—
—
—
—
—
—
—
Aug. 14 —Steamer Saxonia, 2,448
Aug. 16 — Steamers
Cestrian and Cymric, 1,586
"_"
To St. John — Aug. 14—Steamer Austin Calvin, 200
BALTIMORE—To Liverpool— Aug. 11—Str. Ulstermore, 3,437
To Havre —Aug. 15 — Steamer Mexican, 100
To Bremen — Aug 15 —Steamer Breslau, 1,912
PHILADELPHIA— To Liverpool— Aug. —
Merion, 2,966
To Manchester — Aug. 7 —
Manchester Commerce, 526..
SAN FRANCISCO—To Japan—

965

To Havre Aug- 14 Steamer Alexandrian, 8,246
8,246
To Mexico Aug. 12 Steamer Norheim, 100100
GALVESTON— To Liverpool— Aug. 12—Steamer Irada, 17,307 17,307
To Antwerp Aug. 17 Steamer Penrith Castle, 337 - ..
337
MOBILE To Liverpool Aug. 12 Steamer Castano, 1,879
1,879
PENSACOLA To Liverpool Aug. 14 Steamer Gracia, 4,947. 4,947
SAVANNAH To Bremen Aug 14 Steamer Salfordia, 8,221. 8,221
BOSTON To Liverpool Aug. 12 Steamer Sagamore, 715 ..
.

_

11

«•

_

Str.

Str.

Aug.

16—Str.

SEATTLE— To Japan— Aug. 10—Steamer

Siberia,

4,749

200
3,437
100
1,912
2,966
526

350

350

Minnesota, 157

157

Total.

75,483

The

particulars of the foregoing shipments for the week
arranged in our usual form, are as follows:
Great French
GerOth. Europe.
Mexico,
Britain, ports. many. North. South.
Japan.
Total.
<fcc.
New York 7,753 3,512 3,517
492 3,065
14.5
600 19,084
New Orl'ns
965 8,246
100
9,311
Galveston. 17,307
337
17.644

—

Mobile . .
Pensacola.

Savannah.
Boston .
Baltimore.
Phila'phia

—

1.879
4,947

1,879
4,947
s,221
J ,949

8.221

4.749
3,437
3,492

200
100

1,912

.".,449

San Fran.

350

Seattle ...

157

3,492
350
157

Total .. 44,529 11,858 13,650

829 3,065
445 1,107 75.483
to Japan since Sept. 1 have been 319,078
bales from Pacific ports and 12,016 bales from New York.
Cotton freights at New York the past week have been
as follows:
Sat.
Mon
Tues.
Thurs.
Fri.
Wed.
Liverpool
c.
13
13
13
13
13
13
Manchester
c.
15
15
15
15
15
15

The exports

Havre
Bremen
.^ciuru

Hamburg
Antwerp
Ghent,

c.
c.

17(0,18
IK

17<a>18
l»(a>ZU

18

18

18

18

ls(",L'U
lM'/^U
M, 20
18@20 Is
c.2Kg)22'A21<g) 22 A2l(a,22y3 2lCa>22'A2Uo 22,^21 C/.22H
c.
12
12
12(^15 12(a}15 12fo 15 12(0,15

18(a)2U
18(q,20

lH(a,2V
180 20

1

v. Ant.. c.
18
18
Reval, Indirect. c.
28
28
Reval, v. Canal. c.
32
32
Barcelona, Sept.c.
28
28
Genoa, Sept...c.
20
20
{neste
c.
26
2fl
Japan, v. 8uez_e.
40
40
Quotations are cents per 100 lbs.

18

18

IK

18

28

28

28

32

32

28

28
82
28

28

20
26
40

18

28
18

26
40

26
40

26
40

32

Aug.

12H

1

12H

18

14.

1

Tues.
Wed.
Thurs.
Fri.
Aug. 15 Aug. 16 Aug. 17 Aug. 18.

12H

4

12H

4

12HI

4

d.

d.

12H

4

.

d.

on a previous page, the
exports of cotton from the United States the past week have
reached 75,4S3 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:

,

12.

p.m. p.m. p.m. p.m. p.m. p.m. p.m p.m p.m.lp.m. p.m. p.m.

•

SHIPPING NEWS. — As shown

Mon.

Sat.

Aug.

Thus: 5 74

d.

d.

d

d.

August

5 74 5 70 5 64 5 62 5 53 5
Aug .-Sept..
73
53 5
74
54 5
Sept .-Oct ..
75
Oct .-Nov ..
55 5
76
Nov .-Dec ..
56
Dec .-Jan. .
77
Jan .-Feb...

Feb.-Mch..
Mch.-Apr ..
Apr .-May _.

d.

d.

d.

56
56
57
58

15

805

May -June.
June-July..

rf

60 5 5l'5 59
515 69
60

d.

5 73

61

53|5 61

72
74

63
64
65
66
67
68
68
68
69

555
565
585
595

76
77
78
79

63

65
66

67
60 5 68
69
69
70
70

80
81
81

82

795 82

BREADSTUFFS.
Friday, Aug. 18 1905.

Only a very moderate volume of business has been transacted in the market for wheat flour.
Recent sales to the
trade have fairly well suppliedjbuyers' immediate wants, and
they, therefore, have shown a disposition to hold back and

await developments before making additional purchases of
importance. Prices have shown some irregularity, but the
close was steady.
Rye flour has continued to meet with a
fair jobbing sale and at steadyjprices.
Corn meal has been
in fair

demand and

firm.

Speculation in wheat for future delivery has been on a
fairly extensive scale and there has been a moderate upturn to prices. The weather reports from the spring-wheat

have been less favorable, heavy rains being reported
Northwest, which, if not damaging the crop, was an
least retarding harvesting.
European advices have cottinued to exert a bullish influence. The foreign markets
have been higher and the
crop indications on the
Continent are for yields slightly under the average.
belt

in the

Reflecting the strength of the foreign markets, exporters
have been in the cash markets as moderate buyers of wheat.
According to one authority the indications are for an exportable surplus of about 200,000,000 bushels of wheat from
the crop grown in this country this season.
Influenced by
the recent decline in prices, farmers in the winter-wheat belt
have been holding their supplies and there has been a considerable falling ofl in the crop movement, which has
brought speculative short sellers into the market as buyers

The spot market has been more active and
To-day there was a lower market under favorable
weather reports from the Northwest, and bear pressure.
The spot market was lower. Moderate sales were made to
to cover.
firmer.

exporters.

DAILY CLOSING PRICES OF
No. 2 red winter
September delivery
December delivery

May

f.o.b
in elevator.
in elevator.

delivery in elevator

WHEAT FUTURES
Sat.

Mon.

86^

&7 A

87%
86N

88

88

89**

sue;

l

Tues.

87M
86M
88H
89M

IN

NEW YORK.

Wed. Thurs. Fri.
88K 88Ji 87
87 Vi 87«< 86
88Ji
90!*

89H
91

K

88
89?i

THE CHRONICLE.

6S0
DAILY CLOSING PRICKS

WHEA1 FUTURES

Ol

Tves.

Mori.

Bat.

IN CHICAGO.

Wed. ThUTB. Fri.
82
82% 81%
83% 84 %_ 82%

81H
82%
,i\rZ
85%
85% 86% 86%
Indian corn futures have been quiet and there has been a
gradual yielding of prices. Apprehension of damage to the
growing crop by hot, dry weather has been allayed, good
general rains being reported during the week from the corn
hij^

September delivery In elevator. 81MJ
December delivery in elevator. K.i

May

82%
85%

85%

delivery in elevator

unless early frosts are experienced.
Under the favorable weather and crop reports
there has been a moderate amount of bear selling of the
new-crop deliveries. Owing, however, to a good, steady
trade demand, limited stocks and only moderate country
acceptances, the market for near-by deliveries has shown a
good undertone. The spot market has held steady and
moderate sales have been made to exporters. To-day there
was a steadier market. The spot market was firmer; exporters were free buyers.
belt, thus assuring a |large crop

DAILY CLOSING PRICES OF NO.
Sat.

2

MIXED CORN

IN

NEW YORK.

Mori.
61

Tues.
61

Wed. Thurs. Fri.

59%

58%
51%

59%
51%

The aggregate exports from the United States of wheat
and wheat flour, expressed in bushels, for the seven months
from January 1 to July 31, inclusive, have been as follows
for four years.
Wheat, bushels
Flour, reduced to bushels

62%

f.o.b.

[September delivery in elevator. 60

1904.
9.323,820
33,619,423

42,081.141
47.228.985

61,574.882
60.897,400

21.203.624

42,943,243

89,310,126

102,472,282

1903.

1902.

EXPORTS OF BREADSTUFFS, PROVISIONS, COTTON
the

month

exports of these articles during
for the past three

and the seven months,

of July,

years have been as follows:
1904.

1905.

1903.

Exports

Irom U. S.

7 Months.

July.

July.

7

Months.

July.

Months.

7

touanlitits.

Wheat -bu.

770,627
4,540,666

114,180
683.711

9,323,820
7,470,983

3,884,972
1.263,191

42,081,141
10,495.330

Wheat. bu. 2,277,739' 21,203,624
Corn .. .bu. 4,096,208! 72.242,069

3.190,879
2,080.101

42,943.243
28.051,719

9,569,331
5,155,671

89,310.126
66,766,934

Flour

.

185 320,
464. !i.-.-'

bbls

5,270,980
S
3,048,456
1.195,246
137
29,728
52,548

93.445,693
$
21,525,839
39,180,131
53
2,955,859
2.549,168

6.373.947
$
2,289,220
2.527.674

61

Mon. Tues. Wed. Thurs.

1905.
770,627
20,432,997

AND PETROLEUM.— The

206,381
103,230

Barley

Sat.

..

Total bushels

Tot. bush.
61% 62
Values.
59% 59%
Wh't&flour.
51% 51% Corn&meal.
December delivery in elevator. 53% 53
Rye
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO. Oats&meal.

Cash corn

[Vol. lxxxi.

70,994.962,14.725,002 156,077,060
S
%
7,943.965 73,602,948
15,630,256' 3.22o,148 36.904.355
58 994
79 133
1 298 900
454.6411
58.131
1.173,200
1,478.275!
59,322
886.368

38,986.889

Fri.

4,326,115 56.615,055 11,366,699 113,865,771
52% 53% 53% 53% Br'dstufls.. 5,126.505 66,211.050 12.247,204
17.310.462 120,370,259
112,048,586)16,172.142 115.270,321
44% 44% 44% 44% 44% Prov'nso
Cotton
17.456,575:170,346,441 5.455.022 147.136.434 5,037.068! 154 536 002
44% 44% 44% Petrol.. <fcc. 6,399.762 43.062,879 7,074,094 44,881,082 6,192.968 37,525,634
45% 44% 44
May delivery in elevator
Oats for future delivery at the Western market have been
Tot. value 46.293,304 399 990,629 29,102,435 360 381 157 38.768,877 421,197 728
The movement of the crop has been on a liberal
quiet.
There
scale, receipts at the primary markets being heavy.
alncludlng cattle and hogs In all months ol all years
has been a good demand in the cash market, both the home
The movement of breadstuffs to market as indicated in the
trade and exporters being free buyers but under the large
statements
below is prepared by us from figures collected by
Locally
the
spot
offerings prices have yielded slightly.
market has been moderately active, with fair sales to ex- the New York Produce Exchange. The receipts at Western
porters at slightly lower prices. To-day the market was lake and river ports for the week ending last Saturday and
steady.
since Aug. 1, for each of the last three years, have been:
DAILY CLOSING PRICES OF OATS IN NEW YORK.

September delivery in elevator. 53
December delivery in elevator. 45%

53

!

;

Sat.

Mon. Tues. Wed. Thurs.

30%
33%

30%
33%

Sat.

Mon. Tues. Wed. Thurs.

Fri.

30
30
30% 30
33
33
33% 33
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.

No. 2 mixed
No. 2 white, clipped

f.o.b.
f.o.b.

September delivery in elevator. 26%
December delivery in elevator. 27

May

28%

deli very in elevator
1

Fine
Superfine
Extra, No. 2
Extra, No. 1

82 60
3 05
3 20
3 30
3 50

(s*S3

@
@
@
@
@
@

Clears
4 15
Straights
Patent, spring. _ 4 85

25%
26%
28%

25%
26%
28%

25%
26%
28%

Fri.

26
27

26

26%
28%

28%

FLOUR.
00

3 15

3 25
3 40
3 75
5 00
6 25

@$5

Patent, winter.. $4 50
City mills, patent 5 50
Rye flour, s'flne. 3 75

@
@

Receipts at-

Corn.

Wheal.

Flour.

Barley.

Oats.

Rye.

bbls.imbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bush.48lbs. bu oGlbs.
Chicago
153,544
1,860,857
1,445,550
3,173.448
107,247
48,070
Milwaukee .
43,925
113,520
58,900
163,800
41,800
9, >,00
Duluth
261,312
8.200
24.530
76,580
25.789
5.417
Minneapolis.
886,730
35,080
135,340
69,830
10,460
Toledo
388,000
57,000
1,145,400
300
27,600
Detroit
35,586
58.893
108,265
6,500
Cleveland
1,542
56,741
143,325
715.775
10.660
St. Louis
902,080
45,970
514,235
521,615
14.900
Peoria
54,400
169,000
13,650
495,800
7.200
5,600
Kansas City.
1,201,900
680,000
126.000

00

5 90
4 60

Buckwheat flour Nominal.
Corn meal
Western, etc.. 3 10
3 15
Brandy wine
3 15
3 20

@

Tot. wk.05

Same wk.
Same wk.

'04
'03

Since Aug.
1905
1904
1903

273,331
302,062
390,361

5,761,126
5,702,667
3,689,758

3,186,513
2,249,872
2,052,227

6,662,023
5,856,342
3.599.680

262,166
125,780
217,578

121,647
104,156
133,962

637,098
544,369
784,743

12,602,115
11,042,172
7.689,322

6.122.651
4.652,175
3,968,365

12,973,363

620,834
298,760
417.142

222,196
191,533
341,879

1.

8,940,573'
6.515,813)

GRAIN.
Wheat.'per bush
N. Dul., No. 1_.
N. Dul., No. 2..
Red winter, No. 2

Hard

"

Oats — Mixed,
White

No. 2 mixed
No. 2 white

bush

Corn, per bush

c.

110%
105%

f.o.b.
f.o.b.
f.o.b.
f.o.b.

30

87%

Norn.

<§

31

31%@ 34%
Nominal.
Nominal.

c.

Western mixed..
No. 2 mixed
No. 2 yellow .__
No. 2 white
Rye, per bush
Western
State and Jersey
Barley Western.
Feeding

—

57

@

f.o.b.
f.o.b.
f.o.b.

c.

62
62

62%
62%

@

65
60
Nominal.

Nominal
44
39

@

GOVERNMENT WEEKLY GRAIN REPORT— Mr.

Total receipts of flour and grain at the seaboard ports for
the week ended August 12 follow:
Receipts at

Boston...
Philadelphia

Baltimore

Richmond

New

Orleans. a

Corn

Wheal,

Flour,

—

New York

bush.

bush.

btish.

203,000

281,650
193,858
223,796
63,118
16,616
19,000
3,500
159.914
6.747

557.700
106,065
126,628
109,358
25,234
158,500

163.505
177,037
65,324
42.406
304,090

Galveston
Montreal
Mobile

.

1.000

Rye,

Barley,
bush.

Oats,

bbls.

88,626
25,724
2/,359
39,790
2,350
17,058

bush.
3.860

119,400
27.791

975

800
'4,650
2,190

102.393
2.250

James Berry, Chief of the Climate and Crop Division of the
209,596
955,362
Total week
968.199 1.188,128 147,991
13,065
236,827 1,121.869
626,494 100,520
5,194
923,746
United States Weather Bureau, made public on Tuesday Week 1904
a Receipts do not include grain passing through New Orleans for foreign ports on
the telegraphic reports on the grain crops in the various through
bills ot lading.
States for the week ending August 14 as follows:
Total receipts at ports from January 1 to August 12 comCORN. — The reports continue to indicate an excellent outlook for corn
throughout the central valleys, Lake region and Middle Atlantic States.
Rain has afforded relief in the Ohio Valley, and while the crop in portions
of Illinois, Missouri and Nebraska was in need of rain at the close of the
week, the weather map of August 14 shows that good rains have occurred
where needed in the two first-mentioned States. Early corn is now practically made in the southern portions of Kansas and Missouri
SPRING WHEAT. Spring wheat has done well, only slight injury
from rust being reported. Under high temperatures the crop has ripened
rapidly, some of the early-sown having been harvested in North Dakota.
Cutting is well advanced in central Minnesota and northern South Dakota, and is practically finished in the southern portions of these States and
In Oregon spring wheat has been badly shrivin Iowa and Nebraska.
eled in the Willamette Valley, where the yields are disappointing.
OATS. Only a small portion of the oats crop in the extreme northern
Threshing is well adyanced and all redistricts remain unhar vested.

—

—

ports indicate satisfactory

pare as follows for four years:
Receipts

1904.
11,001,452

1903.
12,862,306

12,344,781

bush. 16,148,451
bush. 67,266.777
..bush. 28,816,041
bush. 4,553,313
bush.
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

71.869.743
11,895.558
26.364,777
1,505,263
1.870.294

bush. 117.003.521

91.868,289

171,666,243

113.505,635

bbls.

Wheat
Corn
Oats
Barley

Rye
Total grain

The exports from the
ending

Exports of Grain and Flour from Pacific Ports. The ex- Boston
Philadelphia
ports of grain and flour from Pacific ports for the week ending Baltimore
New Orleans
Aug. 17, as received by telegraph, have been as follows: Galveston
From San Francisco to various South Pacific ports, 10,665 Montreal
bbls. flour, 8,000 bushels barley, 1,400 bushels wheat and
From Tacoma to Pacific ports, 6,333
200 bushels corn.
bbls. flour and 33,333 bushels wheat, and from Seattle to
Pacific ports, 1,028 bbls. flour and 200 bushels corn.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1 comparison being made
with the corresponding period of the previous year.
Oats,
Barley,
Corn,
Wheat,
Rye,
Flour,
Exports

bush.
16.040

136.000

Mobile..

time 1904

The
Julv

—

bbls.
rom
San Francisco. 61,465
Puget Sound.. 60,921

Portland

bush.
2,272

bush.

bush.

bush.

12,075

224

18,100

77,452

745

49,826

...172,212
Total
248.346
Total 1904

79,724
47,152

12,820
2,398

bush.

1 is

180

18,100
160,000

174

bush.
13,005

Barley,
bush.

Peas,

20.617

992

bush.

48

1.710

1,791

715

195,102
6.747

1,786
14,184
1,000

9~376
2.250

22,151

283.751
461.416

976.257
868,656

89,396
113.166

25.346
70.510

42,768
20,080

Week.
Aug. 12.
bbls.

week and

Indies

No. Am. Colonies

Other countries

1,040
8,876

since

bbls.

bush.

J89.396
113.166

512.477
744.459

650

-cornSince

Since

1905.

1.718

10.684

-Wheat-

Week.
Aug. 12.

178.031
11S.571
87,326
105,130
4,848
18,571

?6,921
United Kingdom
Continent
1§-3|9
20.083
Am..
Cent.
and
South

Total
Total 1904

week

as below:

Exports tor week
and since July 1 to—

West

111111

Oats,

bbls.

48,259
650
8.8S9
12.837

-FlourSince
July 1

Brit.

1111
224

Flour,

bush.

destination of these exports for the

,

f

Corn,

407,307
124,992
137,142
103,257

131,711
-

Total week

Same

several seaboard ports for the

Wheat,

—

New York...-

—

1902.

Saturday are shown in the annexed statement:

last

Exports Irom

yields..

1905.
6.228,331

ol—

Flour

July

Week

1

July 1

1905.
Aug. 12.
1905.
bush.
bush.
bush.
219,751 1.396,047
488,252 2,551.542

64,000

296,010
.

283.751 1,692,057
461,416 3,278.783

471,682 3,032,254
2.730
31.422
12,483
179.905
6.500
1.110
7.042

976,257 5,808.665
868.656 3.248,205

.

Aug. 19

,

Now York..
"

-

----

—

Galveston
Montreal
Toronto

79,000
188,000
49,000

80~666
134.000
161.000
53 000

Hurley
bush
40,000

9.000

247',666

76.000
28,000
849,000

692,000

130.666

1,053.000

199,000

43~666

36*666

,4G5~,666

745~666

lbs'ooo

1.000

131,000

Vf.ooo

23".666

iV.666

"44,666

1,798.000
462.000
183,000

40,000

801,000

102,000

253.000

--- 2,510,000
1,825.000

70,000
36,000

281,000
410,000

34,000
16,000

79,000
2,000

S46.000
6,000
403.000

205.OOO
36.000
52.000

55.000
664,000
51,000

2,000

473.000
176.000

2 041.000

34.000

342,000
518,000

13,899,000
13,745.000
12,558.000
12.53S.000
20,264,000

5,075.000
4,792.000
5.096,000
6.659,000
5,438.000

6,565,000
5,592,000
2.379,000
6.002.000
1,432,000

-.-afloat

ii.7~.666

11,000

329,000

42,666

2,468.000

Milwaukee

1

afloat
-

Duluth
••

afloat

Minneapolis
St. Louis
" afloat

Kansas City

-

Peoria
Indianapolis

On Mississippi
On Lakes
On Canal and
Total
Total
Total
Total
Total

River

55.000
90,000
809,000
744,000
878.000
498,000
307,000

617,000
589,000
820,000
397,000
101.000

THE DRY GOODS TRADE.
New

64x60 squares, and while business in
wide goods has not, been so active yet these are well sold
ahead. As has been expected bleached goods have again
been advanced, and it seems probable that the surplus production will not be sufficient to supply all needs. Ticks have
also been advanced, and all coarse, colored goods are well
Heavy brown
sold ahead and are generally held at value.
drills and sheetings have been marked up again in certain
of 3}^e. for 28-inch

Light-weight,
instances and spots are increasingly scarce.
sheetings continue to be inquired for but are difficult to obtain and prices are very firmly held.
activity has been the
men's-wear light-weight market during the
week, but complaints are still heard that buying is not
evenly distributed. Those lines that were popular earlire
in the season continue to receive most of the attention and,
equally, those that did not prove attractive to buyers are
Some sellers are talking a lot about canstill neglected.
cellations and predicting that worsted orders will be changed
and woolens substituted. This is based on the supposition
that the buying of mercerized worsteds has gone beyond
all reasonable limits and that there is bound to be a reac-

They further claim that many orders rightfully belonging to through-and-through fancy worsteds have gone
to mercerized worsteds and that buyers have thereby
poor judgment. High-grade goods which were
opened around the first of August have received large orders
during the week, and while the majority of these have been
for worsteds, yet woolens have been by no means overIt is reported that clothiers have received a large
looked.
number of duplicate orders from retailers on heavy-weight
goods and that these arc now ready to re-enter the market
on a fairly large scale. The tendency of duplicate business
is to follow the lines that were popular during the initial
buying period, but it seems highly probable that buyers
will find great difficulty in securing these, as most of them
are quite sold up.
Substantial advances over initial prices
In dress goods the duplicate
are everywhere looked for.
fall business is disappointing, and there is as yet little doing
in domestic spring goods.
FOREIGN DRY GOODS.— Imported spring lines of
woolen and worsted dress fabrics are being shown by men
on the road, and their first reports indicate that the first
spring business is much better than the first fall business
was. Silks have been in moderate demand and are firm.
Ribbons are reported generally to be moving slowly, but
some claim that a fair business has been transacted. Good
spring orders for linens have been placed, mostly at higher
prices.
Burlaps are firm, with advances expected.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry
goods at this port for the week ending Aug. 17 1905, and
since January 1 1905, and for the corresponding periods

shown

York, Friday, August 18 1905.
In spite of the decline that has occurred in the price of
cotton during the past week, the cotton goods market has
continued to gain strength, thereby fulfilling the predictions
that have frequently been made of late. The number of
buyers in town has largely increased and sales of goods have
been on a heavy scale. For this reason the market is becoming daily shorter of supplies and something like consternation prevails among the larger buyers of goods, who
realize now for the first time that they will be unable to secure all the goods that they need for their fall requirements.
Wherever goods are obtainable for anything like reasonable
delivery, no question is asked as to prices, and sellers are
able to obtain practically anything they demand.
Last
week it was thought that the advance had gone far enough,
but this week still higher prices have been recorded, and
many believe that the limit has not yet been reached. So
many looms are working upon contracts that the surplus
left for sale is entirely inadequate to supply the demands of
all and sellers are having hard work to keep their customers
satisfied.
Business at second hands has been very large of
and there are indications that as soon as first-hand buyers
have secured the goods that they require for fall use they
will place large orders ahead to guard against a similar experience later on to that which they are now having. The
market at the present time is entirely controlled by supply
and demand, and sellers are masters of the situation. Export business has been of very small proportions. Further
advances have taken place during the week in men's wear
light-weight woolen and worsted goods and ^business continues on a heavy scale.

DOMESTIC COTTON GOODS.— The

Sew York to August 14.
Great Britain
.
Other European
China
India
Arahia
West Indies..
Mexico
Central America
8outh America
Other Countries
Total..

The value

1905
Since
Week. Jan. 1.
45
840
55s
76
7,330
90,184
38
9,614
1,208
16,557
409
7,034
787
18,623
93
1,690
597
1 1,477
2,091
36,852
247
11.588
12.921

of these

last year, are as follows:

re
1-1

o
rt-

B*

re pa

p.—

3

o
O
3

O

c

205,017

—

te

-1

Since

8
21

636
22
139
1,523

134
2,483

Jan. 1.
745
502
54,291
4,825
12,302
7,716
12,403
1,427
8,914
33,686
13,852

1

ra
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exports since January 1 has
been 810,929,033, against 89,163,130 the previous year.
By far the largest business during the week ha- been in
staple print-, arid as far as these are concerned j<
have
had a very anive time.
On Monday last standard lines
were advanced from i^c. to J^c. by fir.-t hands, but the
jobbing trade will continue to sell goods at the old prices
until August 25." When this became known there was a
rush to purchase before the new
into effect, and
nl
all through the week orders have been placed on a generous

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New York

Ginghams also have come in for their share of busiand more of these have been sold than for a long
time.
Prices have been advanced about J^c.
No
change has taken place in the quotations of print clot
but as these were advanced beyond the parity of finished
goods the inherent strength of the situation is shown by the
fact that prices have been maintained.
There has been a
heavy demand at Fall River for narrow goods on the basis

1
hi

o;

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150,463

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1904

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§!

O

exports of cotton

goods from this port for the week ending Aug. 14 were 12,921
packages, valued at 8617,665, their destination being to the
points specified in the tables below:

Africa

68!

tion.

River

August 12 1905
Aueust 5 1905
August 13 1904
Ausust 15 1903
August 16 1902

1

:

feature of the

5",666

afloat

Ft. William
Pt. Arthur

1

WOOLEN GOODS.— Continued

43,066
"

---

-

Chicaso
"

l"73",666

bush.

149.000

afloat

Detroit
"

1,000

"».«»

bush.

222,000

76,000
193,000
2.000
521,000

---

Toledo
" afloat
••

Com.
bush
79,000

500,000

BuBalo
"

muat.
bush
1S2.000

MlOlU

PhltodeSphla..
Hsltlmorc
New Orleans

1

THE CHRONICLE

1905.]

The visible supply of .main comprising the stocks in
gvanarv at the principal points of accumulation at lake and
seaboard ports. August 12 1905 was as follows:

Boston

—

.

.

ic J. I. IC

©

y
C

THE CHRONICLE.

682

me

State

DEfAWMENT.

City
News

Items.

—

—

—

Cleveland Newburgh, Ohio. Annexation Election. At
the general election next November the question of annexing
the city of Newburgh to Cleveland will be submitted to a vote.
Hawaii.— Bond Sale.— It is stated that the $000,000 4%
gold-refunding bonds mentioned in V. 81, p. 171, have been
sold to William G. Irwin of Han Francisco and Honolulu.

Bond

Calls

—Bond

$1,000.

Call.

—

—

—

—

—

—

Series Nos. 13, 202, 916, 1024, 1057. 1335, 1393, 15dl. 1652. 1873, 22o4, 2306,
2456, 2834, 2850. 2974. 3196, 3241, 3301, 3548, 3737, 3770, 3870, 3951, 4062, 4263.
4432, 4568. 4925, 5500. 5504. 5542. 5941, 6393, 6631. 6640, 6675, 6927. 7033, 7064,
7125, 7215, 7317. 7555. 7911, 7962, 8580, 9178, 9565, 9884.

Series Nos. 6734 to 10,000 were never issued.

—

—

Snohomish County, Wash. Bond Call. W. R. Booth,
County Treasurer, calls for payment Aug. 30 the following
bonds.
1894.
School District No. 24 bonds

South Norwalk,

payment
Norwalk
The

1

Sept.
of all

numbered 20

to 27 inclusive, issued April 1 1892.

Conn. — Bond

Call.

—Call

is

made

for

1905 at the City National Bank of South
4% gold funding bonds of this city dated

1

1893.

official notice of this

bond

call will be

found among

the

advertisements elsewhere in this Department.

Bond Proposals and

Negotiations

this

week

bave been as follows

—Bonds Authorized. —The City Council has decided to issue bonds for a water-works plant.
Amasa, Mich. —Bond Sale. — An issue of $10,000 waterAlton

111.

works bonds has been sold to the Iron County Bank
tal

— Bond

of Crys-

—The

following

bids

& Co., Cincinnati.
& Co., Toledo
& Cummlngs. Toledo..
Cincinnati Trust Co.. Cincinnati
W. J. Hayes & Sons, Cleveland.
XJr<-\\rM/*«» Unv XII, M-TProvident
Sav.Bk.&Tr .Co., fM«
Cln.
Union Sav. Bk. & Tr. Co.. Cin.
Spitzer

Hoehler

i~*n

& Co., Cleveland ..$53,537
& Co.. Cincinnati... 53,535
Denison, Prior & Co., Cleveland 53,285
Seasongood & Mayer, Cincinnati 53,280
Lamprecht Bros. & Co.. Cleve. 53.250
Sec. Savings Bank. Toledo
52.750
New
First Nat. Bank, Columbus 52.750
*"*!„. A
.
t. f^ n
m .h.t
Hayden,
Miller &
52*287
Co.. Cleveland
Well,

53,672
53.627
53,605
53,605
53,604
C 'i COR
53.595
53,565

|
I
I

I I

Hoth

<-,f t.*.

\ 1

i

I

1

,.

y-

|

—

I

—

Belle Valley (Ohio) School District.
Bond Sale. On
Aug. 12 the $3,000 5% 13-year (average) bonds described
in V. 81, p. 278, were awarded to the Security Savings Bank
& Trust Co. of Toledo at 105 and interest. Bids were also
received from the First National Bank of Barnesville, the
Dresden National Bank of Dresden, S. A. Kean of Chicago
and W. R. Todd & Co. of Cincinnati.
Belvidere, 111.— Bond Sale.
On Aug. 12 an issue of $14,000
5% paving bonds was awarded to the People's Bank of Belvidere (the only bidders) at par. Denomination $400. Date
Sept. 1 1905.
Interest annually on March 1.
Maturity
$1,600 yearly, beginning in 1907, all bonds, however, being
subject to call at any time.
Beresford, S. Dak. Bond Offering.
Proposals will be
received until Aug. 21 by H. A. Sturges, City Auditor, for
$4,000 funding and $3,000 improvement 5% 5-20-year (optional) bonds.
Denomination $200.
Breckenridge Mo. Bond Sale. On Aug. 15 the $10,000
5% electric-light bonds described in V. 81, p. 521, were
awarded to the Savings Bank of Breckenridge at 108. Securities mature yearly on July!
$500 from 1910 to 1921 inclusive, and $1,000 from 1922 to 1925 inclusive.
The following; bids were received:

—

—

—

—

,

—

—

Bk.

Savings

of

& Co., Chicago. 101.50
W. R.ComptonBond & Inv.Co.101.501

John Nuveen

Breckenridge. 108.00

&HavsInv.Co., St. Louis. 104 .05
104.00
Hannibal National Bank

Little

Exchange Bk. of Breckenridge. 101.125
Albert C. Case, New York
100.50
Noel- Young Bond & Stock Co.,
St. Louis
100.00

Hayes & Sons. Cleveland. 102 .75
102.00
American Sec. Corporation

W.

J.

—

—

Brevard, N. C. Bonds Not Yet Sold.
No sale has yet
been made of the $25,000 5% street, water and sewer-improvement bonds mentioned in V. 80, p. 234, and V. 79,
p. 115.

—

—

Bridgeton, N. J. Bond Offering.
Proposals will be received until 5:30 p. m. Sept. 6 by Barton F. Sharp, City
Comptroller, for the $15,000 4% coupon refunding bonds
mentioned in V. 81, p. 574.
Denomination $500. Date
Interest semi-annually at City Treasurer's
Sept. 1 1905.
Maturity Sept. 1 1925. Bonds are exempt from
office.
Accrued interest to be paid by purchaser.
taxation.
Bristolville (Ohio) School District.
Bond Sale. On Aug.
11 the $6,000 5% school-building bonds mentioned in V. 81
p. 224, were awarded to Hayden, Miller & Co., of Cleveland
Denomination $400. Interest
for $6,331 25 and interest.
March 1 and Sept. 1. Maturity $400 yearly on Sept. 1 from
1907 to 1921 inclusive. The following bids were received:
W. J. Hayes & Sons, Cleve.. .$6,216 00
Hayden. Miller & Co., Cleve. .$6,331 25
Lamprecht Bros. & Co., Cleve 6,216 00
Denison Prior & Co., Cleveland

—

—

I

Falls.

—

—

—

Arcadia, Fla. Bonds Not Sold. Bond Offering
No sale
has yet been made of the $13,000 water, $12,000 school and
$5,000 street 5% 20-30-year (optional) bonds offered successively on June 15, on July 20 and on Aug. 10.
These
bonds are now being offered for sale, bids to be opened on
Authority for issue election held April 6 1905.
Sept. 1.
See V. 80, p. 2356, for details of issue.
Arizona. Bond Offering.
Proposals will be received until
2 p. m. Sept. 15 by E. E. Kirkland, Territorial Treasurer,
at the office of Loan Commission in Phoenix, for $25,000 4%
territorial-funding bonds or so many as may be necessary
to redeem $25,000 bonds of Pima County, Ariz.
Denomination $1,000. Interest semi-annually at Guaranty Trust
Co., New York City.
Maturity fifty years, subject to call
Certified check for 5% of amount of bid
after 20 years.

—

required.

Bids.

F. L. Fuller

Browne-Ellinwood Co.. Chicago. 104.00

County funding bonds numbered 30 to 48 inclusive, series "A," issued Feb. 1 1892.
County funding bonds numbered 1 to 35 inclusive, series No. "2," issued Mar. 1

Sept.

Ohio.

.

—

—

Belief ontaine,

were received on Aug. 8 for the $50,000 5% 10-30-year
(optional) coupon electric-light bonds, the highest of which,
as stated last week, was that of W. R. Todd & Co. of Cin-

R. Kleybolte

East Liverpool, Ohio. Bond Call. Call is made for payment Sept. 2 at the Chase National Bank of New York City
of $62,000 5% refunding bonds dated Sept. 1 1890, maturing
Sept. 1 1920, but subject to call after Sept. 1 1905.
El Paso, Tex. Bond Call. This city has called for payment $30,000 school bonds, series of 1890, and $4,000 redemption bonds.
Erie, Pa.
Bond Call. The City Comptroller is calling
for payment Sept. 1 $26,000 bonds of the issue of March 1
1889, bearing 373 to 394 inclusive.
Hamilton County (P. O. Cincinnati), Ohio. Bond Call.
Call is made for payment Aug. 20 at the office of the County
Treasurer of $10,000 real-estate-record bonds dated Aug. 20
1885, due Aug. 20 1915, subject to call after Aug. 20 1905.
New Orleans, La. Premium Bonds Drawn. The following premium bonds of the City of New Orleans were drawn
by lot on July 31 1905 (for payment Jan. 15 1906), this
being the one hundredth and nineteenth allotment:

—

Supervisor.

cinnati.
It. Todd & Co., Cincinnati. .$54, 130
P. S. Brlggs &Co.. Cincinnati.. 53,710

— Geo.

—

—

Bedford (Town), N. Y. —Bonds Authorized. The issuance
4% coupon road-improvement bonds has been
authorized.
Denomination $1,000. Date Jan. 1906. Interest semi-annually at the Mt. Kisco National Bank.
Maturity $1,000 yearly 1914 to 1934 inclusive, $59,000 in 1935.
Present bonded debt of town $10,134.
Assessed valuation
$3,347,000.
Isaac \V. Turner, P. O. Mt. Kisco, is Town
of $80,000

W.

and Redemptions.

Vorwald, City Clerk,
calls for payment Jan. 1 1900 $15,000 water bonds and $8,000
funding bonds issued Sept. 3 1895. Denomination of bonds

Columbus, Ind.

[Vol liiii

—

—

—

and Boston
S. A. Kean, Chicago

Kinsman Nat. Bk.. Kinsman.

6,271 60
6,240 00
6.235 00

Broken Arrow, Ind. Ter.

made

Security Savings
Bank
Trust Co., Toledo
W. R. Todd & Co., Cin

—Bonds

of the $7,500
offered on July 25.

yet been

|

|

5%

—

and
6,097 50
6,000 00

Not Sold. No sale has
5-15-year (optional) school

bonds
Brookhaven, Miss.

—

Bond Offering. Proposals will be
received until Sept. 5 by R. D. Lanier, Mayor, for $10,500
43^2% refunding-school bonds. Denomination $100. Date
Interest annual.
Maturity $100 yearly on
Sept. 1 1905.
Sept. 1 from 1906 to 1924 inclusive and $8,600 on Sept. 1
Certified check for 10% of bid required.
1925.
Brooklyn Heights, Ohio. Bond Sale. On Aug. 15 the
$7,000 5% highway-improvement bonds described in V. 81,
p. 521, were awarded to Seasongood & Mayer, Cincinnati,
Securities mature part yearlv
at 103.014 and interest.
from 1906 to 1915 inclusive.

—

—

Ashland, Pa. Bonds Voted. This borough on Aug. 10
Buckland School District, Ohio.—Bond Sale.— The $4,800
of 591 to 111 authorized the issuance of $12,000
school-building bonds offered on July 27 were awarded
5%
water bonds at not exceeding 4% interest.
Securities
to W. J. Hayes & Sons, Cleveland, for $5,252.
Athens, Tex. Bonds Defeated. This place on Aug. 9 mature $150 on April 1 and on Oct. 1 of each year from 1910
by a vote of 43 for to 130 against defeated a proposition to to 1925 inclusive. See V. 81. p. 224, for decsription of bonds.
issue water-works bonds.
Bond Offering. Proposals will be received
Buffalo, N. Y.
Aurora, St. Louis County, Minn. Bonds Not Sold. No until 12 m. Aug. 26 by Frank T. Gilbert, 'City Comptroller,
sale has yet been made of the $8,500 6% 1-17-year (serial) for the following bonds:
improvement bonds described in V. 81, p. 44.
S150.000 00 3%% 1-30-year (serial) registered (non-taxable refunding City and
County Hall bonds.
1-30-year (serial) registered water bonds.
Barnesville, Clay County, Minn.
Bond Sale. On Aug. 5 500 000 00 3}4% 5-year
registered tax-loan bonds.
292 133 48 3>^%
the $40,000 4^2% 30-year water-works bonds described in
46^042 18 3M% 20-year registered grade-crossing bonds.
V. 81, p. 520, were awarded to Edwin C. Benedict of New
Interest semi-annually
Securities are dated Sept. 1 1905.
York City.
at the office of the City Comptroller or at the Gallatin NaBartlesville, Ind. Ter.
Bonds Voted. This town on Aug. tional Bank in New York City.
8 by a vote of 250 to 11 authorized the issuance of $17,000
Separate bids to be made for each issue. Certified check
5% 20-year sewer-extension bonds.
for 2% of the amount of bonds bid for, payable to Frank T.

by a vote

—

—

—

—

—

—

—

—

—

—

———
——

— ———— —

.

Aug.

drawn without conditions,

re-

—

Burlington (Wis.) School District. Bond Sale. On
the
July 29 S10,000 4% refunding bonds were awarded
Hank of Burlington at par. Denomination 1500. Interest
.Maturity 1907 to 1910 inclusive.
annually on Feb. 1.
Bids of par were also received from Henry Schwartz and
from S. A. Kean of Chicago.

m

—

Cambridge, Ohio. Bond Sale. On Aug.
the S .">00 4%
20-year water bonds, described in V. 81 p. 278, were awarded to the (\Mitral Trusl A: Safe Deposit Co. for $4,533 75 and
Following arc the bids:
interest.
1

1

1

,

A

IT.

S:>fc

&

Prov. Sav. Bk.

ngood

A

Deposit Co. $4, 533 75
Cln. -1.530 50

[*. Co..

Mayer, Ctacta.. 4,51000

I

l

P. s. Brtggs

<S

-'<

Co., Cincinnati. $4,508

s a. Kean, Chicago

1,

I

L2

4%

bridge bonds were awarded to Geo. A. DuToit
Date Aug. 12 1905.
Denomination $500.
Interest
Maturity $1,000 Aug. 12 1907 and $l,ooo Aug 12

annual.
190S.
Camilla, Ga.
Bond Election. An election will be held
it.
11 fco vote on the question of issuing $3,000 water and
$3,000 town-hall bonds.
Cape May, N. J. Bond* Proposed. It is stated that an
ordinance is being considered providing for the issuance of
$72,000 sow, r bonds.

—

—

— An

Carrick, Alleghany County, Pa.
Bond Election.
election will be held Sept. 16 to vote on the question of

is-

suing $125,000 sewer bonds.
Castana, Iowa.
Date of Bond Election.
Aug. 28 has been
fixed upon as the date on which the question of issuing
$2,500 pumping station bonds will be submitted to a vote.
Ceylon (Martin County), Minn. Bond Offering. Proposals will be received until 7 p. m. Sept. 5 by H. P. Andrews, Village Recorder, for $3,900 0% coupon waterworks bonds. Denomination $500, except one bond for
Date Sept. 5 1905. Interest semi-annually in Cey$400.
lon.
Maturity Sept. 5 1915.
No bonded debt at present.
Assessed valuation $84,727.
Authority for issue Section
Bonds are exempt from all taxes.
1235, Laws of 1894.
Successful bidder furnishes blank bonds.
Chillicothe (111.) School District.
Bonds not to be Issiced
at Present.
We are informed that the $10,000 5% 1-10-year
(serial) building bonds voted at the election June 15 1905
will not be ready for sale for two or three months.
Clear Creek Township, Henderson County, N. C. Bonds
Voted.
An issue of $8,000 interurban-electric-railway-aid
bonds was authorized at an election held Aug. 8.
Cleveland Heights, Ohio. Bond Offering.
Proposals
will be received until 12 m. Aug. 29 by W. G. Phare, Village
Clerk (P. O. Fairmount), for the following bonds:

—

—

—

—

—

$21,858

coupon Euclid Heights
4H%
cept one bond for „$S5S.

Boulevard bonds. Denomination S1.000. ex. ->arly
Qrt. 1 as follows: $1.858 in
_ Maturity yearly_on
1906. $2,000
in 1907. $2,000 in 1908. $2,000 In 1909, $3,000 in 1910. $2,000
""
in 1911,
__, $2,000 in 191 2, '$2. 000 in l<5l37$2.00O in 1914 and $3,000 i'n 1915.
coupon Euclid Heights Boulevard-improvement bonds. Denomination one bond for $1,000 and one bond for $446.
Maturity S440 on Oct. 1
1911 and $1,000 on Oct. 1 1915.
i

;

.

1,446

4H%

Bonds

to be dated the day of sale.
Interest April 1 and
at Village Treasurer's office.
Certified check for 10%
of amount of bonds bid for, payable to the Treasurer of the
Village, required.
Accrued interest to be paid by purchaser.
Bonded debt, including this issue, $280,834, of which $50,000
is for water, $223,562 for special assessments and $7,272 for
other general purposes.
Assessed valuation 1904 $2,179,665.

Oct.

1

—

Clinton, Minn.
Bond Offering. Proposals will be received until 8 p. m. Aug. 26 by the Village Council at the
office of J. L. Erickson, President, for $6,000 5% waterworks bonds. Denomination $1,000. Interest semi-annual.
Maturity twenty years.
Authority special election he'd
June 6 1905. F. W. Watkins, Recorder.
Cloquet (Minn.) School District No. 7.— Bonds Not Sold.—
No sale has yet been made of the $3,500 school bond- which
this district has been offering.
Cloverdale, Sonoma County, Cal Bonds Voted.-—The election July 25 resulted in favor of the proposition to issue
$12,000 water and $18,000 sewer bonds, the vote being 55
for to 14 againsl

Clover Township (P. O. Hinckley;, Pine County, Minn.
Bom! Sale.—On Aug. 5 the $8,000 road bondmed
in V. 81, p. 278, were awarded to C. A. Boah &
iVinona
at par for (j per cents.
Denomination $1,000. Date Aug. 5
1905.
Interest annual.
.Maturity Aug. 5 1920.
Clyde, Ohio.
Bond Offering. Proposals will be received
until 12. m. Aug. 26 by the Corporation Clerk for $6,101 50
coupon Amanda Street assesan* n1 bonds and
coupon Amanda Street improvement bonds, "villaj
."
Denomination $610 1"> and $31 20 ri
Date July 15 1005.
Interest annually on July 15 at the
Chase National Bank of New York City.
Maturity one
bond of each issue yearly on July L5 from 1906 to L915 in-

5%

'

5%

1

Certified check for I
clusive.
some bank in Clyde
luired.
Accrued in1
Sepbe paid by purchaser.
•'id- to be made for each issue.
Coahoma Co. (P. O. Clarksdalei, Miss. Bond Sal
It is
ted in local reports that the $100,000 25-year high

bridge bonds recently authorized by th< Board of County
Commissioners were awarded on Aug. 7 to Mason, Lewis &
of Chicago at 102.50 for 4^[per cents.
„„•.
,-.
!

1

•

•

<i8:*

—

Coal Township, Perry County, Ohio.
Bond Sale. On
Aug. 14 the $19,000 6% road bonds, described in V. ,S1, p.
574, were awarded to Seasongood & Mayer of Cincinnati for
Following are the bids:
$21,060 and interest.
Siwsotmood A M-iyor. Cln... $2 1.900
Lampreobt Hros. &Co..Clev. 21,666
\
21,327
Kean Chicago
B
P, s. Brlmcs A Co.. Cinrln... 21.095
Prnlsnn l'rior & Co., Clcvc.
21.027
and Boston

00
90
50
00
50

Cincinnati Tt. CO., Cincinnati 20.1KSO 00

W.

J. Hayes * Sons. Clcvc. $20,947
Well. Kotfi iV- Co., Cliiclnimtl 20,902
V. L. Fuller .t Co., Cleveland 20,900
Sec. Sav.Hk.cv. Tr. Co., Toledo 20.5:17
Iloehlcr <fc Cu minings, Tol__ 20.457
Spltzer & Co., Toledo
20,400
Albert Kleybolto & Co., Cln. 20.360

00
00
00
50
00
00
00

—

Columbia, Mo. Bonds Voted. This city on Aug. 8 authorized the issuance of $10,000 5-20-year (optional) water
and light and $10,000 5-15-year (optional) sewer bonds.
The vote on the water and light question was 345 to 149 and
Date of sale not yet determined.
on the sewer 336 to 100.

Conway Springs School

Am

Camden Township, Minn. -Bond Sale- On
$2,000
at par.

— —— —

THE CHRONICLE.

10 1905.

Gilbert, City Comptroller, :ind
quired.

(Vi>tr:»l

——

——— — —

—

—

District No. 164, Sumner County,
are advised that the $7,300
coupon building bonds offered on July 15 have been awarded
See V. 81, p. 170, for
to E. H. MiddlekaufV of Wichita.
description of bonds.

Kan.— -Bond Sale.— We

5%

Corte Madera (Cal.) Sanitary District No. 2. Bond OfferIt is stated that proposals will be received until Sept. 16
ing.
for $10,000 bonds of this district.

—

Cottonwood County (P. O. Windom), Minn. Bonds ReWo are informed that the sale of the $13,000
awarded.
10-year ditch bonds awarded on April 25 to the Union Investment Co. of Minneapolis was never consummated, and
that the bonds have been re-awarded to the American Securities Corporation of Grand Rapids at par for 5 per cents.
Danville, Va. Bonds Xot Vet Sold.
We are advised
that no sale has yet been made of the $50,000 4% 30-year
street-improvement bonds voted at the election held June 20.
These bonds will be ready for issuance Sept. 1 1905. See
V. 81, p. 170.
Decatur (111.) School District. No Bonds to be Issued.
We are informed that no bonds will be issued to build the
new $60,000 school-house mentioned in V. 81, p. 279, but
that a tax will be levied to provide means to erect the same.
Delavan (Wis.) School District. Bond Sale. This district on Aug. 1 sold an issue of $45,000 school bonds.
Delaware, Ohio.—Bonds Authorized. The City Council
has decided to issue $30,000 street-paving bonds.
Dickinson, N. Dak. Bonds Voted. The election Aug. 9
resulted in a vote of 204 to 121 in favor of the.proposition to
issue $23,000 5% water-works bonds.
East Chester School District No. 3 (P. O. Bronxville),
N. Y.—Bond Sale.— On Aug. 3 $25,000 4% school-house
bonds were awarded to the Home Savings Bank of White
Plains at 103.38 and interest.
Denomination $1,000. Date
July 15 1905.
Interest semi-annual.
Maturity $1,000
yearly from 1909 to 1913 inclusive and $2,000 yearly from
1914 to 1923 inclusive.
Eaton, Ohio. Bond Offering.
Proposals will be received
until 2 p. m. Sept. 11 by C. F. Ressler, Village Clerk, for
Authority Section 2835, Revised
$5,700 6% library bonds.
Statutes of Ohio.
Denomination $570. Date Sept. 15
Interest semi-annually at Village Treasurer's office.
1905.
Maturity $570 yearly from Sept. 15 1906 to Sept. 15 1915.
Certified check, payable to Treasurer of village, for 5% of
amount of bonds bid for required. Accrued interest to be
paid by purchaser.
Bonded debt at present $3,500. Assessed valuation $1,900,000.
Edgar School District No. 12, Clay County, Neb. Bond
Sale.— On Aug. 11 the $21,000
bonds described in
V. 81, p. 574, were awarded to the Bankers Reserve Life
Insurance Co. of Omaha for $21,375.
Bids were also received from W. J. Hayes & Sons of Cleveland and from the
Lincoln Safe Deposit & Trust Co. of Lincoln.
Bonds mature on July 1, $5,000 in the years 1910, 1915 and 1920 and
$6,000 in 1925.

—

—

—

—

—

—
.

—

4^%

—

Elmwood Place, Ohio. Bond Offering. Proposals will be
received until 12 m. Sept. 6 by H. G. Schaefer, Village Clerk,
at the office of Scott Bonham, Solicitor of Elmwood Place,
1-6-year
No. 519 Main Street, Cincinnati, for $1,500
(serial) water bonds of $250 each.
Date Aug. 15 1905.
Interest annual.
Accrued interest to be paid by purchaser.
Certified check for
of the amount of bonds bid for, payable to the Clerk of the village, required.

5%

5%

—

El Paso, Tex. Bond Sale.
The following bids were received on Aug.
20-40-year (optional)
for $50,000
school-building bonds dated April
1905.
Adams, Phillips Co., Los ,\n.?.">l,102 00
W.J. Have- S Sons. Cleve— $52,900 00

5%

1

1

Seasongood A Mayer, Clncln. 53,583 25
N. W. Harris & Co., ulcaco 53
Union 8ay.Bk.ATr.C0
280 00
R. teymour A Co., N< w
ork .v., 250 00
T, s. Johnston, Austin .
52,905 i' 11
(

<>

i

0., Cincinnati 62,725 00
..500 00
C0..1 ini Innatl

1. B. Oldham
Trusl Co.
city Lc

1.500 00

WeU. Roth
a. Todd
..\

.

I

I

:

""

'."'

1

Unesy

r.

—

Everett, Mass
Following are the bids received
Bide.
ridAug. 10 for the $25,000 49{ L-25-yeai (serial
ing bonds, awarded, as tated la 1 week, to X. W. Harris &
of Boston:
.

\'.

W.

Harris

A- Co
Bo
Co Boston
B.C. Stanwood 4 Co.. B

Estabrook
R.

II.

<v

104.370

.

Merrill.

Rollins d Sons, Boston
,v Co., Boston

04.17
104.156

R.

104.145

\\

I.,

i

<

o.,

\

.

'

•>

-

'

Co..

v

.

I

BO ion.. 104 07

'

'

K»n

!!-",.

i.

Waki- Bros.

Lawrence Barnum

Oldt

B

1
i

.

I

Boston...
...103.295
i

Fairview, Mich.
Bond Election.- Thi que tion ol issuing
$26,000 water-works-extension bonds will be submitted to
a vote at an election to be held Auk-

THE CHRONICLE

684

4%

Fall River, Mass.— Bond Sale.— On Aug. 17 $50,000
registered municipal loan bonds were awarded to Wm. A.
Read & Co. of New York City at 104.21— a basis of about
Bonds wen issued $27,000 for highways, $3,000 for

Wl%-

paving, $10,000 for street-awards and $10,000 for contingent
Date Aug. 1 1905. Inpurposes.
Denomination % 1,000.
Maturity Aug. 1 1915. The
terest semi-annually by check.
following bids were received:
10.3.65
E. H. Gay 4 Co., Boston
Wm. A. Road & Co ,.New York. 104.21
103.599
104.05
a. L. Day .V Co., Muslim
Blake Bros. & Co., Boston
Ho.stoni03.5N
a
Co.,
Merrett
Blodget,
Merrill, Oldham & Co., Boston .103.919
Adams &

C. H. Rollins* Sons, Boston.. .103.910
103.91
Ertabrook <fc Co., Boston
10.3.811
Jackson & Curtis. Huston
Oeo.A.Fernald A Co., Boston. .103.786

Boston

Co.,

10.3.52

E. C. Stanwood & Co.. Boston. 10.3.513
103.21
Kountzc Bros., .New York

—

—

Proposals will be reFindlay, Ohio. Bond Offering.
ceived until 12 m. Aug. 28 by W. Demland, City Auditor,
Denomifor $2,000 5% Hurd Avenue improvement bonds.
Date June 1 1905. Interest semi-annual.
nation $500.
Maturity $500 yearly on June 1 from 1907 to 1910 inclusive.
Accrued interest to be paid by purchaser. Certified check
for 3% of the bonds bid for, payable to the City Treasurer,
This offering is in addition to the $14,000 issue
required.
to be sold on the same day, the details of which were given
in V. 81, p. 575.
Proposals will be reFranklin, Tenn. Bond Offering.
ceived until 12 m. Sept. 2 by H. P. Fowlkes, City Recorder,
coupon water-works bonds. Authority Chapfor $65,000
ter 270, Laws of 1903, as amended by Chapter 48, Laws of
1905; also Chapter 318 Laws of 1905. Elections voting these
bonds were held May 14 1904 and May 31 1905. Bids are
asked for bonds bearing 4%, 4}4% or 5% interest. Denomination $1,000. Date^July 1 1905. Interest semi-annually
Maturity 30 years, subject to call
at City Treasurer's office.
Certified check, payable to City Recorder,
after 20 years.
The city has no bonded or floating
for $2,000 required.
debt at present. Assessed value of taxable property $1,094,The official circular states
744; real value about $1,500,000.
that no default or compromise has ever been made by the

$12,000

["Vol.

4H% Roes Avenue bonds. Denomination $000. Maturity $600 each
months from March 15 1907 to Sept.
1916 inclusive.
4H% Central Avenue bonds. Denomination $450. Maturity $900 each
six months from March 15 1907 to Sept. 15 1916 Inclusive.
-nomination $400
Maturity $400
4H% North Thlr<: Strict
each six months from March 15 1907 to Sept. 15 1916 Inclusive.
Maturity
$600 each
4^% From
Denomination S600.
Six month! from March 15 1907 to Sept. 15 1916 inclusive.
Maturity
ast hil'Ij
$1,500
mde. Denomination $500.
4H%
each six months from March 15 1907 to Sept. 15 1916 Inclusive.
Buckt
Denomination $300. Maturity $300 each
4K%
six
inclusive.
six

18,000

8,000
12,000
„

.30,000

6.000

lxxxi.

1

•">

i

i

months from March 15 1907 to Sept. 16 1916
Court street bonds.
Denomination $350. Maturity $350 each
months from March 15 1007 to Sept. 15 1916 inclusive.
28,000 4M% Heaton 8tn
Denomination S700. Maturity $1,400 each
Six months from Man h 15
15 191 .inclusive.
6,000 4^% Ludlow street bonds.
Denomination $300. Maturity $300 each
six months from March 15 1907 to Sept. 15 1916 inclusive.
7,000

4'A%
six

I

I

Bonds are dated July 1 1905. Interest semi-annually
at office of City Treasurer.
of bonds
Certified check for
bid for, payable to the City Auditor, required.
Accrued
interest to be paid by purchaser.

5%

—

—

Hancock, Mich. Bonds not to be Issued at Present. No
arrangements have yet been made for the issuance of the
$18,000 park bonds voted at the election held July 10 1905.
We are informed that it will probably be some time before
these bonds will be issued.
Haverhill, Mass.—Bond Sale.—On Aug. 14 the $35,000
4% school-house bonds described in V. 81, p. 629, were
awarded to Blake Bros. & Co. of Boston at 101.90 a basis
of about 3.60 %.
Following are the bids:
101.90
101.52
Blake Bros. & Co., Boston
Adams & Co., Boston
Estabrook & Co., Boston
101.51
Blodget. Merrltt & Co., Boston. 101. 788
101.435
Harvey Flsk &Sons, New York. 101.759
Jose, Parker & Co.,i Boston
Lawrence Barnum & Co., Bostonl01.42
F.. H. Rollins & Sons, Boston
101.596
101.36
W. J. Hayes & Sons, Boston
Geo.A.Fernald&Co., Boston.. 10 1.596
101.303
101.59
N. W.Harris &Co., Boston
R. L. Day & Co., Boston
Jackson & Curtis, Boston
.101.56
Hempstead School District No. 1, N. Y. Bond Sale.
On July 31 an issue of $6,000 school bonds were awarded to
the Hempstead Bank of Hempstead at par for 3.95% interest.
Denomination $2,000. Interest Feb. 1 and Aug. 1.
Maturity from 1909 to 1911.
Hendersonville Township, Henderson County, N. 0.
Bonds Voted. This township on Aug. 8 voted to issue
city.
$15,000 bonds in aid of the interurban electric railway.
Gadsden, Ala.—Bond Offering. Proposals will be reHoboken, N. J. Bond Offering. Proposals will be received until 12 m. Sept. 15 by C. D. Clarke, City Clerk, for
ceived until 8 p. m. Aug. 23 by theJMayor and City Council,
the $100,000 water-works, the $30,000 sewerage and the
care of James H. Londrigan, City Clerk, for $10,000 4% cou$20,000 street-paving 5% 30-year bonds voted at the elec- pon or registered park bonds. Denomination $100. Maturity
tion held on July 24.
Certified check for $500
10 years. Interest semi-annual.
Bond Election. The City Council has required. These bonds were offered but not sold on July 26.
Gainesville, Fla.
decidefi t° hold an election to vote on the question of issuing
Holyoke, Mass. Bonds Authorized .—The Board of Alder$50,000 sewer, $50,000 electric-light and $10,000 streetmen
has passed orders providing for the issuance of the
improvement bonds.
school and $30,000 lighting-plant bonds mentioned
$75,000
Bonds Voted. This
Gainesville, (Fla.) School District.
in V. 81, p. 629.
district has voted to issue $50,000 bonds for educational
Hoosick Falls, N. Y. Bond Offering. Proposals will be
purposes.
Further details are at received until 12 m. Aug. 23 by E. A. Doyle, Village Clerk,
Galesburg, 111. Bond Offering.
hand relative to the offering on Aug. 21 of $70,000 4% build- for $25,000 building bonds at not exceeding 4% interest.
Proposals will be received on that date until Authority, Sections 128 and 129 of Chapter 414, Laws of
ing bonds.
Denomina- 1897, as amended. Denomination $1,000. Date Oct. 1 1905.
12 m. by the Mayor and Finance Committee.
Date Aug. 1 1905. Interest semi-annually at Interest semi-annually at People's National Bank, Hoosick
tion $1,000.
Maturity $17,000 on Falls. Maturity $1,000 yearly on Oct. 1 from 1906 to 1930
the First National Bank, Chicago.
Aug. 1 1910, $18,000 on Aug. 1 1915, $17,000 on Aug. 1 inclusive. Bonds are exempt from taxation. Certified
No
Certified check for $500, check for 2%, payable to Village Treasurer, required.
1920, $18,000 on Aug. 1 1925.
valuation
present.
Assessed
$2,035,580.
at
debt
payable to City of Galesburg, required. Rov Hopcraft is
City Clerk.
Hope Township, Kan. Bond Sale. This township some
Gettysburg, Pa. Bond Offering. Proposals will be re- weeks ago sold an issue of $12,000 43^% refunding bonds to
Denomination $500. Date
ceived until 7 p. m. Aug. 31 by A. B. Plank, President of Kelly & Kelly of Topeka.
Maturity July 1 1917,
Interest
semi-annual.
1
1905.
July
Council, for $30,000 4% 1-30-year (serial) sewer and $3,000
3.90% 1-30-year (serial) redemption bonds. Denomina- subject to call $2,500 yearly.
tion of sewer bonds $500 and of redemption bonds $100.
Houston, Miss. Bond Offering. Proposals will be reInterest semi-annually at office of Borough Treasurer. ceived until 12 m. Sept. 1 by J. M. Griffin, Town Clerk, for
Bonded debt, including these issues, $33,000. Assessed val- $13,500 5% coupon water and light bonds. Authority,
uation $1,187,529.
Bonds are exempt from taxation.
Mississippi Code, 1892, Chapter 93, Sections 3014-3016.
Bonds Voted. This city on Aug. 7 voted to Denomination $500. Date Sept. 1 1905. Interest annually
Gilroy, Cal.
Maturity Sept. 1 1925, subject
issue $51,000 bonds for sewers, water, electric lights, and to at Town Treasurer's office.
1910.
1
Bonded
debt, including this issue,
after
Sept.
call
to
complete the City Hall.
Assessed valuation 1904 $247,000.
$19,900.
Grand Rapids (Mich.) School District. Bond Sale. On
Ida, Raisin ville and Dundee Fractional School District
Aug. 11 $32,000 4% coupon school bonds were awarded to
On July 31
No.
7, Monroe County, Mich.—Bond Sale.
Blake Bros. & Co., New York City, at 100.11 and interest
Denomination $1,000. Date July 1 1905. Interest semi- $8,000 5% building bond? were awarded to W. E. Moss & Co.
Denomination $100. Interest anof Detroit at 103.125.
annual.
Maturity $16,000 July 1 1907 and July 1 1908.
Maturity yearly on March 1 as follows:
March
1.
on
nually
Greensburg, Ind. Bonds Authorized. The City Council
in 1907, $800 in 1908, $1,000 in 1909, in 1910 and in
has authorized the issuance of $6,000 4% 3-5-year (serial) $700
$1,100 in 1912, $1,200 in 1913 and in 1914.
1911;
bonds.
Kan. Bonds Voted and Sold. This city
Independence,
Greenville, S. C.
Bond Sale. On Aug. 15 the following
issue $100,000 5% water-works bonds.
voted
to
week
last
received
for the $125,000
bids were
30-year coupon
already
been sold at par to H. C. Speer &
have
bonds
These
bonds described in V. 81, p. 225:
Mercant.Tr. &pep.Co.,Balt.S128,850 00
TJn. Sav. Bk. & Tr. Co.,Cin.$ 126,375 00
Co. of Chicago, under contract entered into June 23 1905.
Weil, Roth & Co., Cincin... 127,800 00 8F. L. Fuller & Co.. Cleve .. 126,250 00
Denomination $500. Date Aug. 15 1905. Interest semiO'Connor & Kahler, N. Y.. 127.712 50
Prov. Sav. Bk. & Trust Co.,
Maturity $10,000 yearly on
Townsend Scott & Sons,
Cincinnati
126,150 00
annually in New York City.
126,637 50
Baltimore
W. J. Hayes & Sons, Boston 125,019 00
W. R. Todd & Co., Cincin.. 126.465 00 Seasongood & Mayer, Cin. 122,800 00 Aug. 15 from 1916 to 1925 inclusive.
Jackson, Tenn. Bond Offering. Proposals will be reHailey (Idaho) School District No. 7.— Bond Sale. The
$5,000 1-10-year (serial) school bonds described in V. 81, ceived until 12 m. Sept. 1 by the Mayor and Finance Committee for $22,000 4% first mortgage water-works refunding
p. 575, have been sold to the State Land Board of Idaho.
Date July 1 1905. Interest semi-annually at Jackbonds.
Hamilton, Ohio. Bonds Refused. The $7,000 4>£
30 years, redeemable after 15 years.
Maturity
son.
10-year sewer bonds awarded on July 1 to the Second National Bank of Hamilton (see V. 81, p. 171) have been reJohnstown, N. Y. Bond Offering. Proposals will be refused by that institution on the ground that the city could ceived until 10 a. m. Sept. 1 by Joseph A. Colin, City Chamnot legally issue 10-year bonds as advertised, but only 1-10- berlain, for $11,000 5% coupon Briggs Street sewer-conDenomination $1,000. Date Sept. 1 1905.
year serials.
struction bonds.
Bond Offering. Proposals will be received until 12 m., Interest semi-annual. Maturity $1,000 yearly on Sept. 1
Aug. 28 by Thad. Straub, City Auditor, for the following from 1906 to 1916 inclusive. Accrued interest to be paid
coupon bonds, aggergating $127,000:
by purchaser.

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Aug.

THE CHRONICLE.

19 1905.1

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Bond Sale. It is stated
Kalida (Ohio*! School District.
rimol bonds was recently
an issue of S12,00()
awarded to W. J. Bayes £ Sons of Cleveland a1 LOS. 33 L-3.
Kansas City, Kan. Bonds Authorized.— The issuance of
$75,000 funding-judgment bonda lias been authorized.
Kansas City (Kan.> School District. Bond Sale. An
15-year school bonds was recently Bold
issue of $40,000
IVnoii mato John Nuveen & Co. of Chicago at 102.70.
Date Sept.
tion SI, 000.
1905.
[nteresl January and
1020.
Maturity Sept.
July.
Proposals will be received
Kenton, Ohio. BondOffering.
until 12 in. Sept. 5 by John V. Thompson, City Auditor, for
the following bonds:
that

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•_>'

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,

I

$5,200

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coupon Franklin Street Improvement bonds.
Maturity AUE. 1 1915.
codI one bond for $200.

Denomination

4'";-

ll.iiiin,

ex-

Denomination $1,000.
Maturity Aus. 1 1915.
9,000 i% eounon retundlng bonds.

Denomination

SI. 000.

Maturltj

Vug.

l

1920.

L-j

All of the

above bonds arc dated Aug.

1

1905.

interest

Certified check on
City Treasurer's office,
some bank in Kenton, or New York draft for SI, 000, payable
Accrued into John Y. Thompson, City Auditor, required.
terest to be paid by purchaser.

semi-annually

at

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Kilbourn, Wis.— Bond Sale.
An issue of $5,000 4<; refunding bonds has been awarded to the Kilbourn State
Bank at 100.20. Denomination $1,000. Date July 1 1905.
Interest annually on Feb. 1.
Maturity SI, 000 yearly on
Feb. 1 from 1915 to 1919 inclusive.

Lakewood, Ohio.— Bond Sale— On Aug. 14 the $7,500 5%
coupon general-improvement bonds described in V. 81,
p. 575, were awarded to W. J. Hayes & Sons, Cleveland, at
par and interest.
Lansing,

Mich.

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Mangum, Okla. Bond Election. The City Council has
ordered an election to vote on the question of issuing $10,000
water and lire-depart inenl bonds.
Bond Sole. On Aug. I an issue of
Manistee, Mich.
$18,000 i', public-improvement bonds was awarded to the
County Savings Hank Of Manistee at par. Denomination $1,000.
Date Aug.
1905.
Interest semi-annual.
Maturity $8,000 Aug.
1909 and $6,000
1908, $4,000.Aug.

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l

—Bond

— Local

papers report

the

for $20,150 lessSS50 for expenses: $20,000

4^%

Sale.

sale of the following bonds:

W. E. Horn & Co. of Detroit
Weinmann Creek sewer bonds.

Sold to

l

l

Aug.

1

1910.

Award Postponed,

1

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<JH5

$50,000

— The

bids

Aug.

received

1

for

the

(serial) park bonds described
referred to the Finance Committee.

18-22-year

1',

V. 81, p. 280, were

in

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Manistee County, Mch.- Bond Sale. On Aug. 1 the
S30.000 1', coupon bridge bonds maturing $3,000 yearly
on April 1, from 1906 to 1915 inclusive, were awarded to the
County Savings Hank of Manistee at 100.511. See V. 81,
p. 280, for description of bonds.
Mansfield (Ohio) School District. Bond Offering.
Proposals will be received until 12 in. Sept. 5 by W. C. Mowry,
Clerk Hoard of Education, at 23 North Park Street, Mansfield, for 816,000 4J^% public-school improvement bonds.
Authority, Sections 3993 and 3994 of the Revised Statutes
of Ohio.
Denomination $1,000. Date Sept. 5 1905. Interest semi-annual.
Maturity $2,000 each six months from
Sept. 5 1919 to March 5 1923 inclusive.
Certified check on
a local bank for 10% of bond bid for required.
Bids to be
made upon blanks furnished by the Board. Bidders must
satisfy themselves of the legality of the bonds before bidding.
Marinette, Wis.—Bond Election.
An election will be held
Aug. 29 to vote on the question of issuing $10,000 bonds.
Marion, Williamson County, 111. Bond Sale. On Aug. 14
the $20,000 4% 5-14-year (serial) coupon sewer-improvement bonds described in V. 81, p. 630, were awarded to N.
W. Harris & Co. of Chicago at 102.14 and interest. Follow-

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ing are the bids:

& Co Chicago.. _S20. 428 N. W. Halsey & Co.. Chicago.. $19. 052
Bank. Chicago.. 20,000
S. A. Kean, Chicago..
L 19.500
& Co., Chicago... 19,725
Marksville, La. Bond Offering.
Further details are at
Laton School District, Fresno County, Cal. Bond Sale.
On Aug. 7 S2,500 6% improvement bonds were awarded to hand relative to the offering on Aug. 29 of $15,800 5% gold
AY. F. Johnston at 104.50.
Date water and light bonds. Proposals for these bonds will be
Denomination $625.
July 25 1905. Interest annual.
Maturity $625 yearly on received until 4 p. m. on that day by C. Ash ton Smith,
Mayor. Denomination $790. Date Aug. 29 1905. InJuly 25 from 1908 to 1911 inclusive.
terest annually at the Avoyelles Bank of Marksville.
MaLawrence County (P. O. Laurenceburg), Tenn. Bond
turity Aug. 29 1924.
No bonded debt. Assessed valuation
Proposals will be received until 6 p. m. Aug. 31
Offering.
by John W. Springer, Secretary of Bond Committee, for $180,100—about 30% of actual value.
Martin County (P. O. Fairmont), Minn. Bond Sale. On
$25,000 6% coupon court-house-building bonds. Authority, Chapter 428 Laws of 1905.
Denominations $100 and Aug. 15 the $25,000 6-4-year (average) ditch bonds described
$500.
Date Sept. 1 1905. Interest annually on April 1 in V. 81, p. 630, w ere awarded to the Minnesota Loan &
at the office of the County Treasurer.
Maturity $5,000 Trust Co. of Minneapolis, for $25,015 for 4^ per cents.
yearly on April 1 from 1908 to 1912 inclusive. "Certified Following are the bids:
For 4}4 Per Cents
For 5 Per Cents. — {Cont.)
check for $1,250, payable to Lawrence County, required. Minn.
Loan & Tr. Co., Minn... S25, 015
S. A. Kean, Chicago...
$25,150
Bonded debt, including this issue, $25,000. Assessed valu- U. M. Stoddard & Co., Minn.. 25,010 J. P. O'Brien & Co., Boston.. 25,125
For 5 Per Cents.
For
6 Per Cents.
ation $2,018,181.
Kane & Co., Minneapolis
25,625
N. W. Halsev & Co., Chicago. 26,750
W. J. Hayes & Sons, Cleveland 25,615
F. L. Fuller & Co., Cleveland.. 26,000
Leigh, Neb. Bond Election. An election has been called N.
W. Halsey & Co.. Chicago.. 25.500
Newport News Sale & Dep. Co. 25.450
for Sept. 12 to vote on the question of issuing $8,000 waterMelrose, Mass. Bond Report not Correct.
We are inworks bonds.
formed that the report in some of the papers that an issue of
Lima, Ohio.— Description of Bonds.—The $20,000 5% Elm $26,000 water bonds had been voted by this city is not corStreet and $8,100 5% South Jackson Street bonds, the sale rect.
The only bonds which this city has authorized are
of which was recorded in V. 81, p. 575, answer to thefollow- $10,000 for water and $5,000 for sewer purposes, all of which
ing description:
will be taken by the Sinking Fund Commissioners when the
$20,000 5' Kim Street bonds. Denomination $500. Date June 1 1905. Interest money is needed.
annually on Jan. 1. Maturity $2,000 yearly on Jan. 1 from 1906 to 1915
Inelusive.
Melrose Sanitary District, Alameda County, Cal. Bond
8,100 5% South Jackson Street bonds. Denomination nine for $500 each and
Proposals will be received until Aug. 31 by John
nine for $400 each. Date Oct. 1 1904.
Offering.
Interest annually on Jan. 1.
Maturity $900 yearly on Jan.
from I90G to 1914.
McDonald, Secretary of the Sanitary Board, for $31,000 5%
The bonds were awarded on July 17 and delivered Aug. 7 gold sewer-system bonds. Denomination $775. Interest
1905.
semi-annually on Jan. 1 and July 1 at office of County TreasLockport, N. Y. Bond Sale.— On Aug. 4 an issue of urer. Maturity 20 years. Certified check for 5% of bonds
$4,000 4% registered school-building-improvement bonds bid for, payable to John McDonald, Secretary of Sanitary
was awarded to the Farmers' & Mechanics' Saving- Hank Board, required. Accrued interest to be paid by purchaat 100.125.
Securities are dated Aug. 4 1905.
Interest
Menominee, Mich. Bond Offering.— Proposals will be
annual.
Maturity from 1906 to 1910 inclusive.
received until 5 p. m. Aug. 21 by F. S. Norcross, City Clerk,
Logan, Ohio. Bonds Authorized. The Village Council for $30,000 4% park bonds. Authority, vote 801 to 71 a1
Date Sept.
on Aug. 3 authorized the issuance of $11,000 4% Gallagher election held June 30. Denomination $1,000.
enue coupon assessment bonds. Denomination si, 100. 1 1905. Interest annually on April 1 at the office of the City
Interest annually at office of Village Treasurer.
Maturity $2,000 yearly on April 1 from 1912
Maturity Treasurer.
b. 20 from 1907 to 1916 inclusive.
to 1926 inclusive.
These bonds were offered on July 31,
Los Angeles, Cal.—Bond Election Ordered.—The City but the bids then received (see V. 81, p. 630) were reject
Mentor (Ohio) School District. Bond Election. At the
mcil has decided to call an 'lection to vote on the quesNovember election the question of issuing bonds for a school
tion of issuing the $1,500,000 water-supply-impro-* ment
building will be .submitted to a vote.
bonds mentioned in V. 81, p. 629.
Mills River Township, Henderson County, N. C.
Lowell, Mich.— Bond Sale.— On Aug. 11 the $12,000 4%
Bonds
Voted.
On Aug. 8 this township voted to issue $10,000
5-year (serial) coupon bridge [bonds described in V. 81,
interurban-clec trie-rail way-aid bonds.
p. .~>75, were awarded to H. W. Noble & Co. of Detroil at par
and interest leas Si 19. Following are the bids:
Milton, Pa.— Bond Sale.— On Aug. 15 the $30,000 I',
H. w. Noble A Co
1-30-year (serial) coupon funding bond- described in V. 81,
par less $119
par less $210
F. L. Fuller <t Co
City Bank of Lowell
par less 149
ork City at
p. 576, were awarded to Albeit c. Case oi
Macon, Miss.— Bond Sale. The $15,000 5% wa1
102. 13 and interest
Following are the bids:
and electric-light bond- offered on July 17 were awarded Albert C. Cue. New vork
$:;o,72!>
IcvclaiKl
Union True! Co., Lancaster... :)0.7:'"»
IV
to John Nuveen dc Co. of Chicago at 101. 34.
Inrlnnall.
SeeV. 81, p. Lamprecnt
Bros,
Co., Cleve. 30,720
k
Sold to Dver-.lenison-Barry Co. at par and premium of S50: $3,703 Walnut Street,
$5,292 Grand Street. $5,72125 Washtenaw, $5.308 95 Capital Avenue paving

bonds.

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N.

W.

Harris

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First National

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1

a-

•

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i\

for description of bond.-.

Magee, Miss.

— Description

—

Ilayden

matl J0.OJ1

.

\\
ad
of Bonds.
that the price paid by the Capital National Bank of Jackson
for the $1,500 7 v; Bchool bonds recently awarded to that in titution (aee V. 81, p. 629) was 102.50.
The award va n
on Aug. 1.
Date July
Denomination $100.
1905.
fast annual.
Maturity July
1025.
•

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Co., Cleveland

Poller .v
.
30,676
lack <t Ooblnaon, New York
30,461
Denlson, Prior
Co., Cte' eland 30.4 n
1..

.

Milwaukee County (P. O. Milwaukee), Wis. /Following are the bids received on lug. I" for the $450,000
4% L-20-year (serial) viaduct bonds awarded,I.'
o of
acb a
al »on,
week, to E. II. Rollim A Sons and
Chicago:
I

<

THE CHRONICLE.

6H6
H.

E.

&

Rollins

Sons

and

I

Farson, Leach & Co., Ohleago$459, 720
W. J. Hayes & Sons, Cleveland 450,027

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N. W. Halsey
N. W. Harris

& Co., Chicago.. $458, 685
& Co., Chicago.. 458,143

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(

Minnesota. Loans. According to the St. Paul "Pioneer
Press" the following loans were approved by the State Board
of

Investment on Aug.

7:

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School Loans Interest 4%
District No. 71, Aitkin Co.. $300; No. 43, Big Stone Co.. $2,000; No. 77, Brown
Co., $900; Independent District No. 1, Blue Earth Co.. $21,500; District No. 32,
Carlton Co., $800; No. 30, Clearwater Co., $500; No. 02. Chippewa Co., $4,000; No.
95. Crow Wing Co., $700; No. 93. Freeborn Co., $2,000; No. 12X, Hennepin Co.,
$4,000; No. 130. Hennepin Co., $1,700; No. 19, Isanti Co., $950; No. 75. Jackson
Co.. $1,000: No. 0, Lyon Co., $800; No. 31, MeLeod Co., $1,000; No. 270 Mille Lais
Co.. $450; No. 38, Otter Tall Co.. $4,500; No. 45, Otter Tall Co., $1,000; No. 47.
Pope Co., $000; No. 55. Polk Co., $2,000: Independent, Roseau Co., $2,500; District
No. 1, Roseau Co., $700; No. 6. Roseau Co., $000; No. 130, Kenvllle Co., $850; No.
26, Red Lake Co., $325: No. 45, St. Louis Co., $1,000; No. 59, Stearns Co., $1,200;
No. 50, Sherburne Co., $2,000. Total, $63,475.

of

Toronto

for

VOT,.

$20,265 and accrued interest.

LXXXI

Following are

the bids:
II. O'Hara & Co., Toronto
$20,265
Dominion Sec.Corp., Toronto... 20,253

Gay & Co., Montreal
Hanson Bros., Montreal
.

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II.

20,225
20,^02
Brouse. Mitchell & Co., Toronto. 20.200
Canadian Secur., Ltd., Toronto. 20,156
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W.

C. Brent. Toronto
$20,118
\V. Harris & Co., Chicago. 20,108
& Co., Toronto.. 20,039
Geo. A. Stlmson & Co., Toronto. 20.011
Aemlllus Jarvis &Co., Toronto.. 19,811

N.

Wood, Gundy

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Oakmont, Pa. Bonds Voted.— This borough on Aug. 8 by
a vote of 313 to 101 authorized the issuance of $45,000 improvement bonds. Date of sale not yet determined.
Ogden, Utah. Bonds Defeated. A proposition to issue
$75,000 Sewer District No. 10 bonds failed to carry at a
special election held Aug. 1, the vote being 234 for and

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312 against.
Oneida, N. Y. Bond Offering.
Proposals will be received
by C. M. Ruggles, City Clerk, until 5 p. m. Aug. 30 for the
following coupon or registered local-improvement bonds
$11,500.
$7,000. Total.
issued in accordance with Title V, Chapter 225, Laws of
Montana. Bond Sale. The State Treasurer informs us 1901, and the
Acts amendatory thereof.
that the $30,000 5% 20-30-year (optional) State Univer$12,800 4% paving bonds, Series "A A."
sity bonds offered on July 26 have been awarded to Edwin C.
4,000 4% paving bonds, Series "B B."
1,700 4% paving bonds, Series "C C."
Benedict of New York City.
Denomination
one-tenth of each issue.
Date Sept. 1 1905.
Bonds Validated. We are advised that
Monticello, Ga.
Maturity one bond of each issue yearly on Sept. 1 from 1906
the $30,000 electric-light and water bonds authorized by this
town on May 30 have been validated by the courts as re- to 1915 inclusive. Interest annually in Oneida or New York
City.
Certified check for 10% of bid required.
quired by law and will be offered for sale sometime in the
Oneonta,
N. Y.—Bond Offering. Proposals will be renext two or three months.
Morehead N. 0. Bids. We are advised that the follow- ceived until 8 p. m. Aug. 22 by Henry D. McLaury, Village
Clerk, for $3,800 paving bonds.
Authority, Section 129
ing bids were received on July 3 for the $15,000 5% 2.5-year
of the General Village Law.
Denomination $200. Date
coupon bonds described in V. 81, p. 576:
July 1 1905.
Interest (rate to be named in bids) semi$15,026
Browne-Ellinwood Co., Chicago. $15, 136
C. H. Coffin & Co., Chicago
annually at office of Village Treasurer.
15,100
Maturity $200
John Nuveen & Co., Chicago
As stated two weeks ago, the bonds were awarded to yearly on July 1 from 1910 to 1928 inclusive. Certified
Browne-Ellinwood Co. of Chicago; the price paid, however, check, certificate of deposit or New York draft for $500,
payable to Treasurer of Village, required.
Proposals must
was $15,136 and not $15,636, as we were at first advised.
be
made
furnished
Village Clerk.
Bids are
on
blanks
by
Bonds
Voted.
This
place
on
Aug.
10
Ind.
Ter.
Muscogee,
by a vote of 420 to 94 authorized the issuance of $100,000 asked for bonds coupon in form and also registered.
Ottawa, Ont. Debenture Offering. Proposals will be rewater and sewer and $75,000 school bonds.
ceived
until 4p.m. Aug. 31 by W. G. Black, Chairman FiNapanee, Ont. Debenture Offering. Further details are
nance Committee, for $326,678 05 4% debentures as follows,
at hand relative to the offering on Sept. 1 of $35,000 4%
coupon electric-light-plant bonds. Proposals for these purchaser paying accrued interest:
improvement debentures. Denomination $2,000, except one lor
bonds will be received on that day by W. A. Grange, Town $11,794 23 local
$1,794 23. Maturity May 1 1925.
2,891 89 local improvement debentures. Denomination $2,891 89. Maturity
Date Sept. 1 1905. Bonds and interest payable at
Clerk.
May 1 1921.
Merchants' Bank, Napanee. Maturity part yearly for 30
9,974 94 local improvement debentures. Denomination $2,000, except one for
$1,974 94. Maturity May 1 1915.
Present bonded debt, including this issue, $73,982;
years.
44,050 09 local improvement debentures. Denomination $2,000, except one for
Assessed valuation 1905 $1,091,000.
floating debt $8,300.
$2,050 09. Maturity May 1 1925.
Drainage Loans Interest 3%.
Douglas Co.. $1,000; Polk Co.. $48,200; Mille Lacs Co., $2,500. Total, $51,700.
Interest 4%.
Village Loans
Triumph, Martin Co., $2,500; Mentor, Polk Co., $2,000; Boyd, Lac qui Parle Co.,

—

—

—

—

—

—

—

—

;

I

[

—

—

—

—

Bonds

—

exempt from

are

taxes.

—

Newark (Ohio) School District. Bond Sale.— On Aug. 15
the $15,000 434% 1-15-year (serial) building bonds described
in V. 81, p. 280, were awarded to Albert Kleybolte & Co. of
Following are the bids:
Cincinnati at 104.10 and interest.
A. Kleybolte

&

& Co.. Cleve.$15,515
& Mayer, Cincin. 15,468
W. J. Hayes & Sons. Cleve.. 15,467
Hoehler & Cummings, Toledo 15,418
Albert C. Case, New York... 15,405
Sec. Sav.Bk.&Tr .Co. .Toledo 15,397
W. R.Todd & Co., Cincinnati. 15 305
Hayden.

Co., Cincin. .$15,615 00

T. L. Fuller & Co., Cleveland
Wei), Roth & Co., Cincinnati
Union Sav.Bk.&Tr .Co., Cin.
R. Kleybolte & Co., Cincin..

15,000
15,555
15.541
15,532
Denison, Prior & Co., Cleve. 15,529
Central Tr.&SafeJDep. Co., Cin 15,529
Farson, Leach & Co., Chicago 15,516

Newburgh, Ohio.

00
00
00
00

Miller

50
50
00

Seasongood

—Bonds

Voted.

50
75
00
50
00
50
00

— By a vote of 374 to 64

on Aug. 12 authorized the issuance
water-improvement bonds.
this place

of $50,000

—

On July 31 the
Sale.
20-year bridge jbonds described in V. 81, p. 227,
were awarded to Seasongood & Mayer of Cincinnati for
110.318 and interest.
Following are the bids:
Newburgh Heights, Ohio.—Bond

$4,000

5%

Seasongood

&

Mayer, Cincin. $4, 412 75
Hayden, Miller & Co., Cleve.. 4,255 00

P. S. Briggs

&

Co., Cincin. ..$4,210 00

Bonds are dated June 30 1905 and the interest will be payable semi-annually.

New

Carlisle,

Ohio.—Bond Sale.— On Aug.

15 $3,500

5%

refunding bonds were awarded to the Security Savings Bank
& Trust Co. of Toledo for $3,547 50 and interest. Bids were
also received from the Dayton Savings & Trust Co. of Dayton and from Hayden, Miller & Co. of Cleveland.
Denomination $500.
Date Sept. 1 1905. Interest semi-annual.
Maturity $500 yearly on Sept. 1 from 1906 to 1912 inclusive.
North Andover, Mass. Bond Offering. Proposals will be
received until 4 p. m. Aug. 24 by the Town Treasurer for
$16,000 4% coupon water-main-extension bonds. Denomination $1,000.
Date June 1 1905. Interest semi-annually
at Winthrop National Bank of Boston.
Maturity $2,000
yearly.
Bonded debt, not including this issue. $150,000.
Assessed valuation $4,300,000.
North Branch, Chisago County,' Minn. Bond Offering.
Proposals will be received until 8 p. m. Aug. 26 by Jacob
Rydell, Village Recorder, for $2,000 534% 20-year coupon
improvement bonds. Authority, election held June 20 1905.
Denomination $500. Date Sept. 15 1905. Interest annually at the Merchants' State Bank of North Branch.
Blank bonds to be furnished by successful bidder. These
bonds were offered as 4J4 per cents on Aug. 5, but were

—

—

not sold.

—

—

—

North Dixon (IU.)^School District. Bonds Defeated.
This district on July 29 bv a vote of 60 to 72 defeated a proposition to issue bonds for school purposes.
We are informed
that another election will probably be called on the same
question.

—

—

Northumberland and Durham Counties, Ont. Debenture
Sale.— On Aug. 15 the $20,000 4J4% 10-year debentures
described in V. 81, p. 576, were awarded to H. O'Haraj&^Co.

1,634 72 local improvement debentures. Denomination SI, 634 72. Maturity
May 1 1910.
Denomination $2,000, except one lor
7,451 66 local improvement debentures.
81,451 66. Maturity May 1 1915.
9,085 91 local improvement debentures. Denomination $2,000, except one for
$1,085 91. Maturity May 1 1915.
21,330 71 local improvement debentures. Denomination $2,000, except one for
$1,330 71. Maturity May 1 1915.
26,000 00 park debentures. Denomination $2,000. Maturity June 9 1925.
86,000 00 park debentures. Denomination $2,000. Maturity June 9 1935.
43,170 62 local improvement debentures. Denomination S2.000, except one for
$1,170 62. Maturity May 1 1915.
1,824 59 local improvement debentures. Denomination $1,824 59. Maturity
May 1 1910.
61,468 69 local improvement debentures. Denomination $2,000, except one for
$1,468 69. Maturity May 1 1925.

Total liabilities of city on June 1 1905 was $6,468,946.
Assessed valuation 1905 $33,002,540.
Oxnard, Cal. Bonds Voted. On July 31 by a vote of
161 to 5 this city authorized the issuance of $45,000 5%
sewer bonds.
Pacific Grove School District, Monterey County, Cal.
Bond Sale. On Aug. 8 $35,000 5% bonds were awarded to
Following
the San Francisco Savings Union for $38,025.
are the bids:

—

—

—

—

San Francisco Sav. Union... $38,025 00
N. W.Harris & Co. .Chicago. 37,544 50
E. H.Rollins & Sons, S.Fran 37,324 00
Oakland Bank of Savings... 37,05100

I

|

Los Angeles Trust Co
Hazelton & Co
First National Bank,

$36,748 00
36,575 00

Mon30.003 00

terey

|

—

Palomares School District, Los Angeles County, Cal.
Bond Offering. Proposals will be received until 2 p. m.
Aug. 28 by C. G. Keyes, County Clerk, for $12,000 5%
Denomination $1 ,000. Interest annually at
school bonds.
County Treasurer's office. Maturity $1 ,000 yearly on Aug. 28
from 1909 to 1920 inclusive. Certified check for 3% of
bonds, payable to Chairman of the Board of Supervisors,

—

required.
Paris,

111.

—Bond Sale. —We are advised that the $5,000 5%

coupon Madison Street paving bonds described in V. 81,
p. 576, have been sold.

—

—

Pauls Valley, Ind. Ter. Bond Election. An election will
be held Sept. 11 to vote on the question of issuing $25,000
school-building bonds.
Perrysburg, Ohio. Bond Sale. The Village Council on
Aug. 1 rejected all bids received for the $30,000 4% waterworks bonds described in V. 81, p. 227, and subsequently
negotiated the same at private sale.
We are
Petersburg, Va. Bonds not to be sold at Present.
advised that the $75,000 sewer, sidewalk and water-main
bonds mentioned in V. 81, p. 48, will not be offered for sale
until some time in October.

—

—

—

—

—

Bond Sale. On Aug. 9 the $3,0005%
Pontiac, Mich.
sewer bonds maturing $1,000 April 1 1915 and $2,000 April
1 1916, a description of which was given in V. 81, p. 576,
were awarded to the First Commercial Bank of Pontiac at
A bid of $3,180 was received from S. A.
104 and interest.
Kean of Chicago, but we are informed that this bid was
rejected for the reason that it was not accompanied by a
::'&
:.:'«:
certified check as required. ^n: :.:•;
:

:

—

—
An;,

lit

—

— —

—

Preston Ind. School Dist., Jackson Co., la.— Bond OfferProposals will be received at any time by A. O. Skini, u/
coupon
ner, Secretary Board of Education for $3,000 6*
Date about
Denomination $500.
school-building bonds
- pt.
Interest semi-annually at the First National
1906.

—

,

,

i

Authority

for

Bonds are subject
Section
present $600.

issue

Bonded debt at
Putnam County

Ottawa ),
-

(P. O.

to

after

call

5

years.

2812, School Law of Iowa,
Assessed valuation $163,349.
Ohio.-

-Bond

Offering.

—

Proposals will be received until 12 in. Aug. 29 by Louis X
Welde. County Auditor, for $7,000 ."><', coupon road bonds.
Authority. Section 4670-19 of the Revised Statin.- of Ohio.

Denomination SI, 000. Date Oct. 2 1905. Interesl semiMaturity Oct .2 1911.
annually at County Treasurer's office.
Cash or certified cheek on an Ottawa bank, payable to County
Purchaser to pay accrued
Auditor, for $600 required.
Bonded debt, including
interest and furnish blank bonds.
Assessed valuation $12,000,000.
$260,000.
Champaign County, 111.—
District,
Rantoul School
We are advised that the s 1,500
Description of Bonds.
building bonds recently sold (see V. 81, p. 577) were taken
on Aim. 1 by Geo. M. Bechtel & Co. of Davenport for
Denomi$4,668 80 and accrued interest for 5 per cents.
Date Aug. 1 1905. Interest annual in April.
nation $500.
Maturity S500 yearly from 1908 to 1916 inclusive.
this issue,

—

Ripley Independent School District, W. Va. Bond OfferProposals will be received until 12 m. Aug. 22 by
Holly G. Armstrong, President of Board of Education, for
$13,000 5% 5-20-year school-building bonds. Authority,
Date
Chapter 29, Laws of 1905. Denomination $100.
Cash or certified check
Interest annually.
Sept. 1 1905.
for S500 required.
No other debt.
ing.

—

—

THE CHRONICLE

1905.]

Bank, Chicago.

————
—— — —

.

—

—
(JST

—

St. Augustine, Fla.
Bonds Proposed. The issuance of
$100,000 sewer and garbage bonds is being considered.
Bonds Re-awarded. The $21,000 5%
St. Mary's, Ohio .
highway-improvement bonds awarded on July 5 to VY. J.
Hayes & Sons have been refused by that firm. The bonds
were subsequently sold to Weil, Roth & Co. of Cincinnati for
See V. 81, p. 48, for description of bomb.
$1 ,500 premium.
Mass. Bonds Authorized. The issuance of
Salem,
$2,000 A')' registered sewer bonds has been authorized.
Interest semi1905.
Denomination $1,000. Date July
Maturity $1 ,000 July 1 1900 and $1 ,000 July 1 1907.
annual.
Proposals will be reSan Antonio, Tex. Bond Offering.
ceived until 10 a. m. Aug. 28 by Bryan Callaghan, Mayor,
for $23,500 5',,' 20-40-vear (optional) Improvement District
No. 1 bonds dated April 3 1905, $75,000 5% 20-40-year (optional) Improvement District No. <S bonds dated April 1 1905
and $55,000 5% 20-10-year (optional) Improvement Disbonds dated April 1 1905. Interest semitrict
No. 9
annually at the office ofj the City Treasurer. Cash deposit

—

t

1

—

2%

of

amount

of

bid required.

San Diego High School
Description of Bonds.
to issue $135,000

District,

San Diego County,

Cal.

— We are informed that the proposition

5% bonds of this district received a vote
393 against at the election held July 27.
Denominations 340 bonds of $100 each, 68 of $500 each
and 07 of $1,000 each. Maturity $9,000 yearly from six to
twenty years after date.
Sandusky, Ohio. Bond Sale. Following are the bids received on Aug. 15 for the $0,000 4% 10-year Campbell
Street paving bonds and the $21,000 4% 15-year refunding
bonds:
of

1043 for and

—

$6,000 Hands.

—

$21,000 Bonds.

$21,287 70
$0,045 00
V. L. Fuller & Co.. Cleveland
Rockland County (P.O. Nyack), N. Y. Bond Offering.
21,;S02 00
\ W. Harris * Co.. Chicago.
21.105 00
-. 6,033 00
Well, Roth & Co., Cincinnati
Proposals will be received until 12 m. Sept. 7 by William J. Seasongood & Mayer. Cincinnati...
21,106 75
6.031 25
21.100 00
6.025 00
Citizens' Ranking Co.. Sandusky
Randolph, County Treasurer, for $300,000 4% coupon fund- Denison. Prior & Co.. Cleveland and Boston
6,022 80
21,224 70
00
21.132 50
6.022
[{. Kleybolte & Co., Cincinnati
ing bonds.
Denomination 81,000. Date Sept. 1 1905. American
21.020 00
6,013 00
Banking Co., Sandusky
6,010 00
21.075 00
National Bank, Sandusky
Matur- Commercial
Interest semi-annually at County Treasurer's office.
21,136 70
6,006 00
Provident Savings Bank & Trust Co., Cincinnati
21.012 50
6.000 00
VV. R. Todd & Co.. Cincinnati
ity $6,000 yearly from 1907 to 1913 inclusive, $7,000 yearly Third National
21.000 00
Exchange Bank, Sandusky
6,000 00
from 1911 to 1923 inclusive, $8,000 in 1924 and $18,000
Bond Sale.
Schaller (Iowa) Independent School District.
yearly from 1925 to 1934 inclusive.
Certified check on a —On July 31 the $14,000 5% 5-10-year (optional) gold
were
national bank, payable to "The Treasurer of Rockland Coun- coupon building bonds described in V. 81, p. 524,
awarded to Joseph Winterbotham for $14,525.
ty" for 5% of the amount of bonds bid for required. AcSherburne County, Minn. Description of Bonds. The
crued interest to be paid by purchaser. Bidders must use $40,000
5% drainage bonds awarded on July 19 to Kane
the printed form of proposal furnished by the County Treas- & Co. of Minneapolis (see V. 81, p. 578) are in denominaInterest February and
tion of $1,000, dated Aug. 1 1905.
urer.

—

The
the

bond offering will be found among
advertisements elsewhere in this Department.
official notice of this

Rockville,

Conn.

Description

Bonds.

of

—The

$75,000

filtration-plant bonds recently sold at private sale to E. H.
Gay <fc Co. of Boston (see V. 81, p. 631) are in denomination
of $1,000, dated July 1 1905.
Interest Januarv 1 and

July 1.
Maturity July
Rockville Centre (N.

1935.
Y.) Union Free School District
No. 21. Bonds Voted. This district on Aug. 1 authorized
the issuance of $2,000 4% school-improvement bonds, the
vote being 22 for, none against.
Denomination $500.
Maturity 1921 to 1924 inclusive.
Date of sale not yet determined.
1

—

Rosedale
Sale.

School

District,

Fresno

— An issue of $1 ,200 bonds of

County,

this district

Cal.

Bond

was awarded

on July 27 to the Oakland Bank of Savings for $1,235 80.
Denomination $400. Date July 18 1905. Interest annual.
Maturity $400 on July 1 of the years 1907, 1909 and 1911.
Rotterdam (N. Y.) School District No. 11.—Bond Sale —
On Aug. 12 $3,000 5% school-house bonds were awarded to
0. M. Hahn of New York Citv at 101.29.
Den. .initiation $300.
Date Oct. 1 1905. Interest annually at the
Schenectady Trust Co. Maturity $300 yearly from 1907 to
1916 inclusive.

—

Royalton Township, Ohio. Bond Election. It is stated
that an election will be held Sept. 2 to vote on the question
of issuing $13,125 bonds for the improvement of highways.

August. Maturity average 7 years.
Sioux Falls (S. D.) School Disrtict. Bond Offering. Further details are at hand relative to the offering on August 23
of $75,000 5% high-school building bonds.
Proposals will
be received until 10 a. m. on that day by J. W. Parker,
President ofJBoard of Education.
Authority Sections 2347
to 2448 of the Revised Political Code of 1903; also vote 415
Denomination $500.
to 220 at election held June 30 1905.
Interest annually at New York City.
Maturity 20 years.
Certified check for $1,000 required.
The official circular
states that the Board of Education has never defaulted on
any obligation, nor is there any controversy affecting the
legality of these bonds.
Total bonded debt of district, ineluding this issue, $100,000.
Assessed valuation (excepting
railways) $3,554,546; estimated real value $14,000,000.
Southern Pines, N. C. Bond Offering. Proposals will
be received until 7 p. m. Sept. 13 by C. L. Blue, Town Clerk,
for $10,000 6% coupon sewer-extension and electric-light
bonds. Denomination $500.
Date Sept. 1 1905. Interest
January and July at Wachovia Loan & Trust Co., WinstonSalem, N. C. Maturity Sept. 1 1935. Certified check for
5% of bid, payable to C. L. Blue, Town Clerk, required.
Bonded debt, not including this issue, $20,000; floating
debt $1,000. Assessed valuation $273,805.
South Omaha, Neb.— Bond Sale.— On Aug. 14 the $35,000
5% coupon improvement bonds described in V. 81, p. 631,
were awarded to Hoehler & Cummings of Toledo.
Follow-

—

r

—

ing are the bids:
Ho»hlcr

A-

Cummings. Toledo— $36,257 50 and $35

blank bonds.

lor

Sacramento, Cal.— Bond Sale Not Consummated.—-The
J. !.. Br&ndelS A- Sous, omalia— $36,201 and $100 lor blank bonds.
W Hayes & Sons, Cleveland— S30. 5 and lithographed blank bonds.
$200,000 r; high-school bonds awarded Last May to the
L. Fuller & Co., Cleveland— $35,700.
Security Sav. Bk. & Tr. Co.. Toledo— $35,787 50 less $125 for blank bonds.
Board of Examiners have not yet been sold. 11
that the bid of the State Board of Examiners was not the
Spartanburg, S. C. Bonds Voted. This city on Aug. 1
highest at the sale on Slay 1, that of Adams-Phillips Co. of by a vote of
112 to 6 authorized the issuance of $100,000
Los Angeles being $100 higher. The latter bid, however, street-paving bond-.
was rejected and the bonds .awarded to the State. Sul
Spencer County (P. O. R:ckport), Ind.- Bond Sole. On
^uently this action was rescinded and Adams-Phillips Co. of
Aug. 8 $8,494 63 5% drainage bonds were awarded to the
les were awarded the bonds subject 1" the approval
Farmers' Bank of Rockport for $8,620.
>enomination $600,
of Dillon A: Hubbard of New York City as to the legality of
DaO- Aug.
pt the la-t bond, which is for $091 63.
this proceeding.
Recently the New York attorneys noti1905.
Maturity
$600 yearly
Interest
June
and
December.
fied the city that they could not approve of this sale and the
beginning Dec. 1 1907.
mation of the Bame, therefore, has fallen through.
Springbrook (P. O. Bridgeport ), Minn. Bonds \otSold.—
'I he
bonds will probably be re-advertised.
No
bids were received on Aug. 2 for the si, 200 10-year road
Saginaw, Hen.—Bond Offering. William Seyffardt, City
Comptroller, will offer for sale at par beginning Aug. 25 the bonds described in V. 81, p. 524.
Springfield, Mass.
following bonds:
Temporary Loan.- A loan of $100,000
was awarded on Aug. II to the National City Bank of N
*2-?£M!ir? '" !?-?«*"• CMftU) wwer bondl of 1200 each.
bowU of
each.
York City at
Following are the bids:
..iXJK
VA c 1-10-year fserlaU
discount.
4S.UW i'/i
.

.1

1

.

1

!•.

—

—

I

1

—

%%%

$.'i.-,n

Improvement bonds

'•

of

$500 each.

Securities are dated Aug. 24 1905.
nuallv
[ntereel
at.the office of the City Treasurer or in N<-w|York]( ity.,;l, :.|

Discount
Vatlonal City Bank.

Morgan

* Bartlett.

Blake Bros.

4

New Vork. 3.25%
New York.. 8.29%

Co. (*l prem.)..*

3 8095

DitcoutU.

I

I
j

K Jcnnteon. New York. ....3.30
upper.Boa.3 .«.,
Lortn^l
ombn.
Bond

F.

THE CHRONICLE

688

—

—

Bond Offering. Proposals will be
Steubenville, Ohio.
received until 12 in. Sept. 14 by Frank S. King, City Auditor,
Authority
for $15,000 4}4% sewage-disposal works bonds.
DenominaSection 2835 of the Revised Statutes of Ohio.
Date Sept. M 1905
[nterest semi-annual.
tion $1,000.
Maturity $3,000 yearly. Certified eluek for 10% of the
amount of bonds bid for, payable to the City Treasurer,
required.
Purchaser pays accrued interest; also furnishes
blank bonds.
Stevens Point, Wis. Bonds Proposed. The issuance of
$25,000 sewer bonds is being considered.
Stowe Township School District, Allegheny County, Pa.
Bond Offering. Proposals will be received at any time by
It. J. Macoubray, Secretary, No. 2 Frazier Avenue, McKees
Rocks, Pa., for $15,000 4*4% school bonds. Denomination $1,000.
Interest semi-annually on March 1 and Sept. 1.
Maturity $1,000 yearly on Sept. 1 from 1910 to 1924 in-

—

—

Troy, N. Y.

Offering.

,

of bonds.

will

#300,000
Rockland County,

L. FOUtke...
Mrs. L. Mortimer...
W. n. Llpplncott
Mrs. 1>. H.Clark

the afternoon.
Dated Nyack, N. Y., Aug.

two

(2)

Population 38,298.
Ass'd valuation $16,452,011.
Bonded debt *15^,000.

J.

RANDOLPH,

County Treasurer.

$500
100
100

.

Mrs.

I

500

I). W'.

I

Sigafoo

—

—A

Bond Election.
(S. Dak. ^School District.
Specelection will be held Aug. 22 to vote on the question of
issuing $15,000 school-building bonds.
Volga

ial

Wahpeton, N.

Dak.— Bond

Offering.

— Proposals

will

be

received until 8 p. m. Aug. 24 by the City Council for $15,000
sewer bonds at not exceeding
interest.
Denomination
$500.
Interest semi-annually in Chicago or in Wahpeton.
Maturity twenty years.
F. B. Schneller is City Auditor.

7%

—

—

Washington, Ind. Bond Sale. On Aug. 12 the $11,500
coupon funding bonds described in V. 81, p. 633, were
awarded to Meyer & Kiser of Indianapolis at 102.417 and in-

4%

terest.
Following are the bids:
Meyer & Kiser, Indianapo!is.$ll,778 00
A. Kleybolte & Co., Cincin.. $11. m:-. 75
R. Kleybolte & Co.. Cincin.. 11.758 75
W. R. Todd & Co.. Cincin... 11,02100
J.F. Wild & Co., Ind'apolis. 11.735 00
E. M. Campbell & Co.. Indianapolis
11.60900
E. D. Bush & Co., Indianapolis .
11,730 00
S. A. Kean. Chicago.
11, '.00 30
00
Weil, Roth & Co., Cincin... 11,673
Citizens' Trust Co., Wash.
(tor
$2,500)..
2.51185
I

|

I

I

—

I

—

Watertown, Mass. Bids. Following are the bids received Aug. 10 for the $13,000 4% engine-house bonds
awarded, as stated last week, to E. C. Stanwood & Co. of
Boston

NEW

LOANS.

LOANS.

#400,000.

These bonds are issued pursuant to
Ordinance No. 2515, passed by the City Council and
approved June 6th, 1905, authorized by Chapter 18><
of the Laws of Minnesota tor the year 1905, approved
April 11th, 11-05. Bonds in denomination of Five
Hundred or One Thousand Dollars each, as the
purchaser may desire (with coupons attached) are
dated July 1st, ls-05 and mature June 30th, 1"85;
they bear interest at the rate of four (4%) per cent
per annum, pavable semi-annually, interest and
principal payable at the financial agency of St. Paul
in New York City. Delivery of the oonds to be made
at the Comptroller s office, where payment must be
made by tbe successful bidder. A certified check, payable to the City Treasurer of the City of St Paul, for
two {*%) percent of tbe par value of tbe bonds bid
for, mast accompany eaeb bid that will be considered. Bids will be received for all or any part of
the lot. The committee reserves the right to reject
any and all bids.
Proposals to be marked "Bids for Hospital Bonds"
and addressed to
Hospital.

and Treasurer,
Columbia, South Carolina.

August

WHOLE

Tbe bonds will be dated July

1, 1905. and will fall due
and will be of the following denominations: three hundred bonds of the denomination of
one thousand dollars each and two hundred bonds
of tbe deromination of five hundred dollars each.
Tbe coupons will be payable on the first day of January and July in each year.
Each proposal must be accompanied by a certified
check for fifteen thousand dollars, to the order of

July

1,

1945,

the undersigned.
No bid will be considered for less than par.
The right is reserved (o reject an* and all bids,
Forcircularof particulars, address the undersigned.
T. H.GIBBES.
Mayor of the City of Columbia, S. C.

King, Hodenpyl

&

Co.,

BANKERS,
Wall Street,
NewYork.

21 7 La Salle Street
Chicago.

Members

Hive? Co.

BONDS.

1905.

SEPTEMBER

City Comptroller.

MUNICIPAL AND PUBLIC SERVICE

1,

Sealed proposals will be received at the office of the
City Clerk and Treasurer inthe'ltyof Colombia,
South Carolina, until
1, 1905. at two
o'clock P.M., for tbe purchase of tbe
of four
hundred thousand dollars of four per cent coupon
bonds of said City issued for water worse ourposes.

7

Trowbridge^

Carolina,

Office of the Citv Clerk

City Comptroller's Office,
St. Paul, Minn. August 5. 1905.
Sealed proposals will be received at the office of
city
the
Comptroller by tbe Sinking Fund Committee
until 12 o'clock noon on ADGLST 23d. 1905. 'or the
purchase of Twenty Thousand ($20,000) Dollars of
bonds of the city of St. Paul, Minnesota, the proceeds of which to be used to acquire additional real
estate to enlarge the grounds of the City and County

LOUIS BETZ,

S.

WATER WORKS BONDS.

New York

Stock Exchange.

RAILROAD AND
STREET RAM WAY

BONDS.
^^'^^^_j

BOSTON,

CHICAGO,
Bank Bldg.

60 State

1st Nat.

Street.

INVESTMENT BONDS.

W. NOBLE & COMPANY,

H.

Penobscot Bldg.,

Land-Title Bldg.
Philadelphia.

Detroit.

MUNICIPAL

SEND FOR

LIST.

AND

PUBLIC SERVICE CORPORATION

BONDS.

DENISON, PRIOR&CO.
BOSTON.

CLEVELAND.

Established 1S*A.

H. C. Speer

&

Compari)/

o'clock in

17, 1905.

WILLIAM

Mrs. A J (Jutterson
John .McCoy

I

;

1,000

30IEAR 4% BONDS.

.

lb05, at

—

N.Y., City of St. Paul, Minnesota, City of Columbia,

Sealed proposals will be received by the Treasurer
of Rockland County, Stateof NewYork, until twelve
(12) o'clock, noon of SEPTEMBER 7tb, 1905, at bis
office, No. 2 Sooth H'rantlin Street. In the village of
Nyack, for the purchase ot $300,0*0 of coupon bonds
of the County of Rockland, issued for the purpose of
funding the floatine Indebtedness of the said countv
by authority of a resolution of the Board of Supervisors of tbe said county.
Said bonds are to be of the denomination of $1,000
each, bearing date September 1st, 1905, payaDle In
annual instalments, as follows:
on ds No.
1 to
6 inc. 1907
'*
7 .. 12 ..
1908
"
"
IS " 18 "
1S09
"
"
19 " 24 "
1910
**
"
25 " 30 "
1911
11
"
31 " 36 "
1912
'*
"
37 " 42 "
1913
"
43 " 49 "
1914
**
"
50 " 56 "
1915
"
" 63 "
57
1916
'*
"
" 70 "
64
1917
"
"
" 77 "
71
1918
"
"
78 " 84 "
1919
"
"
" 91 "
i-5
1920
"
92 " 98 "
1921
"
99 " 105 "
1922
" 106 " 112 "
1923
" 113 " 120 "
1924
" 181 •' 138 "
1925
" 139 " 156 "
1926
" 157 • 274 »
1927
**
" 175 " 192 "
1928
**
" 193 " 210 "
1929
**
" 211 " 228 "
1940
" 2^9 " 246 "
1931
" 247 " 264 "
1932
" 265 " 282 "
1933
" 283 " 800 "
1934
These bonds may be registered in the office of the
Clerk of the Coumy of Rockland, and will bear interest at and after the rate of four per cent ( 0* per
cent) per annum, payable on the first davs of March
and September in each year. Bonds and coupons
payable at the office of tbe County Treasurer.
Prop' sals may be tor tbe whole or any part of the
said issue of bonds and must be enclosed in a sealed
envelope endorsed "Proposals for $3uo,000 Rocsland
County Bonds."
Accompanying such proposals, but separate therefrom, must be a check for five per cent (*05 per ceDt)
Of the par value of tbe amount bid for, certified on a
national bai k, payable to "the Treasurer of the
County of Rockiand."
Bidders must use the printed form of proposal fur
nlsbed by the Coui.ty Treasurer. Bids must be
stated In both words and fUures
Accrued interest must be paid by the purchaser.
The Board of Supervisors shall by a majority vote
accent or reject any or all bids or may allot the bonds
in such proportions as it may deem for the best
interest of the county.
Delivery of said bonds will be made at the office of
the Coun y Treasurer as above at such time as may
be agreed upon.
Tbe bids will be publicly opened at the rooms of
the Board of supervisors at the Court House, New

on September 7th,

$2,000
2,000

-

$20,000

COUPON BONDS.

City,

of the

W.

be received

NEW

made

follows:

4%

LOAMS.

Pope County, Minn.

—

until 12 m. Sept. 1 by William H. Gearin, City Comptroller,
for $181,500
Denominaregistered water-works bonds.
tion $1,000, except one bond for $500.
Date Sept. 1 1905.
Interest semi-annually at the office of the City Treasurer.
Maturity $20,000 in 1935, $25,000 in 1936, $30,000 in 1937,
$55,000 in 1938 and $51,500 in 1939. Certified check, made

HEW

—

Bonds Xot Sold. No sale
$6,000 5% 20-year coupon waterworks bonds offered on July 31. See V. 81, p. 175, for description of bonds.
Vineland (N. J.) School District. Bond Sale. This district has 3old an issue of $6,000 4% school bonds at par, as
Villard,

has yet been

—

— Proposals

—

—

—

—Bond

bonds

Tuscarawas County (P. O. New Philadelphia), Ohio.
Bonds Reawarded. It is stated that Bates & Hance of New
Philadelphia, who were awarded on July 14 $25,000 6%
bridge bonds, withdrew their bid and the bonds were subsequently re-awarded to Weil, Roth & Co. of Cincinnati for
$25,576 20 and interest. See V. 81 p. 282, for description

Toledo, Ohio.
Details Changed.
At the request of the
purchasers of the $110,656 35 4% coupon Front Street
improvement bonds sold last month, the denominations of
the bonds have been changed from $1,106 (one bond $1,162 35) to as follows: One hundred bonds of $1,000 each,
20 bonds of $500 each and one bond of $656 35. Maturity
$11 ,000 each six months from March 3 1906 to March 3 1910
inclusive, and $11,656 35 Sept. 3 1910.
In all other respects the bonds are as offered on July 5 and described in
V. 80, p. 2421.
Tridelphia (W. Va. ) School District. Bond Election.
An
election will be held in October to vote on the question of issuing $50,000 school-building bonds. These bonds were
voted at the election held July 8, which election, however,
was subsequently found to have been improperly offered.

—

of par value of

required.

—

—

1%

payable to the City of Troy, for

—

clusive.

[Vol,, jlxxxi.

First

Nat Bank

MUNICIPAL

Building, Chicago.

COUNTY
AND TOWNSHIP

CITY

MacDonald, McCoy

BONDS,
===

AND

&

Co,,

CORPORATION

BONDS.
171

La

Salle Street, Chicago.

—
Aug. 19
E.tC.

BUnwood

Merrlll.l
I

.

1005.

ft

Merrttt

.v

—— —

1

Adams ,v Co Boston .\ w Harris 4 Co.. New York

-

'

.

.103.021

.

n. nonius a Bona.ldue 191
iton.
Idue 1915.102.676
BUkkS Bros. ,v Co.. Boston
u. L. Day .v Co., Host, mi
Jose, Parker
Co., Bosto
JackSOO .V I urtl>. Boston
102 II]
i

.*.

Watson School District No. 1327 (P. O. Hamiota Man.—
building bonds maAn issiu- of Si.ooo ii
Debenture Sale.
turing pari yearly for ten years has been awarded to Wbo<J,
Gundy & Co. of Toronto at 103.30
Weldon (N. C.) Graded School District.—Uond
Proposals will be received until 12 in. Sopt 7 by .1. A. Sluscoupon
ive. Secretary of Hoard of Trustees, for $8,000 6'
.Maturity $500 yearly
Denomination SoOO.
school bonds.
on Jan. 1 from 1910 to 1925 inclusive. Certified (lurk for
$100. payable to Secretary of Board, required.
West Liberty (la. School District. Bond Offei
Proposals will be received until 9 a. m. A.ug. 21 by ('. M.
school-building
Nichols. District Tivasuivr. for $17. ">()() 5'
Date Sept. l 1905.
Interesl
bonds.
Denomination $500.
Maturity Si. 000 in 2 years, $1,800 in 3 years,
semi-annual.
$2 000 in -1 years. $2 .000 in 5 years and $11,000 in lOyears,
years.
Certified check for 5"
of
subject to call alter
amount of bonds bid for. payable to the District Treasurer,
These bonds were authorized by a vote of 162
required.
to 72 at election held Aug. 11 1905.
West Orange (N. J.) School District.— Bond Sab-. On
8-22-year (serial) coupon bond- deAug. 1") the $7, .500 I'
scribed in V. SI, p. 579, were awarded to the New Jersey
Plate (dass Insurance Co. at 101.9-14 and interest.
Following are the bids:
(

,

.

,

"

—

,

">

,

—

;

L. Crawford & Co., N. Y. $7,538 40
H. M. Grant A Co., N. Y
7,538 28

$7,645 80
7 ,'Al 25

II.

—

—

Westpoint, Miss. Bonds \'o(eil. At a special election
held Aug. 8 this place voted to issue bonds to secure the right
of way and terminal grounds for the Pensacola & Western
Alabama Railroad. The vote was 342 to 5.

—

White Plains, N. Y. Bond Offering. Proposals will be
received until 8 p. m. Aug. 22 by the Board of Trustees for
the following bonds:
$9,000

4%

1.000

4%

3.000

4''l

sewer bonds.
nre-depnrtmen: bonds
Hailro',1 Avenue pavtDS bonds.

I

'

BOND

Oct

I

4%
4%

$1,000
1,000

retundjne bond.
water bond.

1935.

1

A

To the Holders of the Outstanding
Funding 4 Per Cent Gold Bonds of
the City of South Norwalk, Dated
September 1st, 1893
:

NOTICE is hereby

given by the above-named city
all of said outstanding bonds
on the FIRST DAY OF SEPTEMBER, 1905. Pigment of said bonds and the accrued and unpaid
Interest due thereon will be made by and at the City
National Bank of Booth .Norwalk, Connecticut.
Holders of said bonds are hereby notified to present
them for payment at said bank on the first day of
September; 1905. on which day all interest on said
bonds will cease.
Dated Aug. IS. 1905.

check

semi-annual.

for

Wichita, (Kan.) School District.

-Bond Election not

Committee on Finance of the
Council of said City.

yet

Ordered.— We are advised thai the Hoard of Education h
not vet determined to submil to a vote the question of issuing the $120,000 school bonds mentioned in V. 81, p. 579.
Our informant adds that it is hardly likely that such election
will

be held this year.

—

Willoughby, Lake County, Ohio. Bond Offering. Proposals will be received until 12 m. Sept. 11 by ('. ('. Jenkins,
Village Clerk, for $4,000 5% Erie Street .storm-sewer bonds.
Date Sept. 1 1905. Interest semiDenomination $500.
Maturity -S500 aeh >i.\ months from March 1 1907
annual.
Accrued interest to be paid.
1910 inclusive,
to Sent.
Wilmington, N. 0. Bonds Authorized. The Board of
Aldermen has passed a resolution to issue $150,000 20-year
water-works-plant bonds at not exceeding 5% interest.
Winchester, Ky. Bond Sale— On Aug. 4 the $15,000
4% 15-year (average) school bonds described in V. 81, p. 525,
were awarded to J. L. Frankel of Sturgis, Ky., at 100.40.
Securities are dated Aug. 4 1905.
Woodbury, N. J. Bond Offering. Proposals will be received until 3 p.m. Aug. 22 by Ernest Redfield, City Collector and Treasurer, for $20,500 4% coupon street-improvement bonds.
Denomination $500.
Date July 1 1905. Interest semi-annually at Woodbury.
Maturity July 1 1925.
Certified check for $500, payable to City Treasurer, required.
Bonded debt $88,500 and floating debt $99,403, a
total debt (which includes this issue) of $187,903.
Assessed
valuation 1904 $2,347,500.
Worcester, Mass. Temporary Loan. A loan of $50,000,
dated Aug. 14 1905 and maturing Oct. 10 1905, wes recently
awarded to Blake Bros. & Co. of Boston at 3.23% discount.
Yakima County (Wash.) School District No. 59. Bond
Proposals will be received until 10:30 a. m. Aug. 26
Offering.
by Lee Tittle, County Treasurer (P. O. Yakima), for $2,000
10-year coupon school-house bonds at not exceeding 6% interest.
Interest annually at office of County T3 asurer.
1

—

—

—

—

—

MISCELLANEOUS.
HIGH GRADE

Perry, Coffin

&

INVESTMENT BONDS

Burr,

NO STOCKS

INVESTMENT BONDS.

CORRESPONDENCE SOLICITED

of Its election to redeem

GEORGE E. SARTAIN.

Maturity

of amount oi bid,
or (rust company, reJ

">'

a State or national bank
Peter Paulding is Village Clerk.

quired.

INVESTMENTS.

CALLS.

Interest

certified

drawn upon

,

—

639

Denomination $1,000.

v..

Co., Boston.. 103.27
Oo., Boston. -103.13

N.J. Plate Glass Ins. Co
Orange National Bank

—

THE CHRONICLE.

j

Boston.. 103. 30

»'o..

a.

OUllnm

I

60 State

Municipal

Street,

Q ecurities
U Company

&

Corporation
OF PITTSBURGH, PA.

BOSTON.

Paid up Capital $300,000. OO

T

POTTER,
RANGE OF PRICES
MUNICIPAL and DriKinc
FOB 93 YXA.BS.
CORPORATION DUNU8
172 Washington
1882— 1904
CHICAGO,
ILLS.
B.

'

Street,

Rudolph Kleybolte&C<

-

-

•

LIST UN APPLICATION.

BANKERS,

OUB ANNUAL
DIALERS

IN

MUNICIPAL, RAILROAD and

F.

BONDS.
PINE STREET, NEW YORK

Interest Paid on Daily

FULTON & CO

171

Gives a monthly range of Stock and Bond Prices
(or five years. We can supply

LA SALLE STREET,

1887 issue which gives 1882-1886
"
"
"
1887-1891
1892
"
<<
"
1891-1895
1896
"
«
"
1896-1900
1901
"
"
"
1900-1904
1905

CHICAGO.

and Time Deposits

WHITING'S PAPERS.

PRICE $2 PER COPY,

MUNICIPAL AND RAILROAD
BOf'DS.

Borne earlier issues

WM.

SEAS0NG00D & MAYER,
mercantile Library- Hnllding,

Fred.

CINCINNATI,
For BiKtlnm* Correspondence,
Whether for letter written with your own hand,

& Co

BANKERS,
16

Congress Street, Boston.

MRA40ATJ STttKET. NEW YORK.

,

oi

ay the typewriter, are UNKQUALED. Their qnallt)
b uesare'l and they bare won highest houori at a!
the irreat World's Kalrs. For high grade wrltlnt
Ddperi of all kinds, for bond papers, and for ledge'
papers, Insist on having them made by the

WHITING PAPER COMPANY.
HOLY OK K,

STATE CiTf & KULKOAD BONDS. New

York.

WsYfflj

Philadelphia.

Chicago.

may be had

at (9 00 a copy

DANA COMPANY,

B.
T«* PINK

LIST ON APPLICATION.

Blodget, Merritt

RETIEW

THE FINANCIAL

Municipal Bonds,

STREET RAILWAY
27-29

R.

HT.,

NKW YORK.

M. Smith,

Broker in Securities,

AllflKV NEW YOMK,

CLINTON GILBERT
2 Wall Street,

New

York.

BANK & TRUST COMPANY
STOCKS.

THE CHRONICLE.

690

Qvnst ©oropauies.
Ca

a l a nd

s^ p lu s

[Vol. lxxxi.

financial.
OFFICE OF THE

$10,000,000

Title guarantee ATLANTIC MUTUAL INSURANCE COMPANY,
andTRUST COMPANY
New
January
146 Broadway, New York.
175 Eemsen Street, Brooklyn.
M'f'rs Branch, 198 Montague St., Br'klyn.
JEacamines & guarantees Heal Instate Titles.
I,oans Money on JSon'l and Mortgage.
2furnisli.es Mortgages to Investors.
Receives Deposits subject 'o Chech, allowing
Interest,
Does all Irust Company business.
Till STEKS:
air>es D. Lynch,
John JacoT) Astor,
KilwamT. iJeilioni,
Edgar l<. Marston,
William J. Matheson,
Charles S. Brown,
.i

James H. Ohyhant,
Robert Olyphant,
Alexander E. Orr,
Charles A. Peabody,

M. Inoraham,
An^nstus i>. Juillianl,
Martin Joost,
John S. Kennedy,
"William

Frederick Potter,
Charles Richardson,
Saulord H. Steele,
Ellis L). Williams,
Woodbury Laniirion,
Louis Winrtmuller.
CLARENCE II. KELSKV, President
FRANK. BAILEY, Vice-President.

EDWARD Manager
O. STANLEY, 2d Vice-President.
Banking Department.
D.

Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904. ..
Premiums on Policies not marked off 1st January, 1904

BUKDICK, 3d

Premiums marked

off

%n 038 t\n »2

from

January, 1904, to 31st Deoember, 1904
$27 5 ,9 26 58
107.14S 14
$333074 72

1st

*>3,uie,978 35

Interest received during the year
"
"
"
Rent
lessTaxes

Losses paid during the year whloh were estimated
In 1903 and previous years
Losses oocurred, estimated and paid In 1904

$318,124 29
771.957 98
$1,090,082 27

$14^,418 20
84.094 99

Less Salvages
Re-Insurances

226,513 19

Returns of Premiums and Expenses, $405,721 91

wb3.?>69 08

The Company has the following Assets, viz.:
United States and State of New York Stock; City, Bank and other Securities
$5,243,600 52
Speoial deposits in Banks and Trust Companies
1,417,543 97
Real Estate corner Wall and William Streets and Exohange Place.. . $4,289,000
Other Real Estate ana Claims due the Company
75,000 4,364,000 00

Premium Notes and

Bills

1,020,087 28

Receivable

Cash In the hands of European Bankers to pay losses under policies payable In
241,710 47
351,301 69

foreign countries

Cash In Bank

Vice-Pres.

WKAY CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
FRANK U SN1FFEN, iVlgr. Mnlrs' Branch.

$12,63 -.243 93

Aggregating

J.

A dividend of

Six per cent

Interest

on the outstanding certificates of nroflts will be paid
on and after Tuesday, the seventh

to the holders thereof, or their legal representatives,

of

February

next.

The outstanding

certificates of the issue of 1 899 will be redeemed and paid to the holders
thereof or their legal representatives, on and after Tuesday, the seventh 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 Deoember, 1904, for whioh, upon application, certificates will be issued
on and after Tuesday, the second of May, next.
By order of the Board,

^ccotroiatJls.

,

LYBRAND,
ROSS BROS &

MONTGOMERY

G.

(Pennsylvania)
Stephen Glrard Building,

PHILADELPHIA.

Wall Street Exchange Building,

NEW YORK.

WM. FRANKLIN

HALL,

STANTON FLOYD-JONES,

Secretary.

TRUSTEES.

Certified Public Accountants.

CLEMENT A. GRISCOM,
ANSON W. HARD,
MORRIS K. JESUP.
THEODORE P. JOHNSON,

GCSTAV AMSTNCK.
FRANCIS M. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON
VKRNON H. BROWN,
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C, CLARK,
CORNELIUS ELDERT,
KWALD FLBITMANN,

HERBERT

L.

NICHOLAS F. PALMER,
HENRY PARISH,
FREDERIC A. PARSONS.
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. 8CHWAB.
WILLIAM C. STURGES.

LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL.
GEORGE H. MACY,
CHARLES H. MARSHALL,
W. H. H. MOORE,

GRIGGS.

Accountant,

RAVEN, President.
CORNELIUS ELDERT, Yiee-Pres'l.
THEO. P. JOHNSON, id Yice-Fres't.
A. A.

B0ST0N MAS&

^laTate^reir

$2,909,343 08
72»,151 84

Premiums

Total Marine

Charles Matlactt,
William H. Nichols,

Juiien T. Davies,
William J. Kaston,
Charles K. Heiidi i.son,
Benjamin D. Hicks,
John X). Hicks,

CTJNTON

York,
20th, 1905.
The Trustees, in Conformity with the Charter of the Company, submit the following statement of
it* affairs on tht jrtt of December, 1004;

'

J.AS. L.

LIVINGSTON,

jd Vice-Pres'

Books audited.

Examinations and investiga
tlons conducted with the utmost

NOW

care and efficiency.

KERR,

BEADY.

J. C.
CERTIFIED PUBLIC ACCOUNTANT
WASHINGTON LIFE BUILDING,
141 BROADWAY,
TELEPHONE 6942 COKTLANDT.

NEW

YORK.

Hand-Book

n January and July by the Publishers
OOHMKSCIAL AND FINANCIAL CHBONICLE)

(Issued 8eml- Annually

Wilkinson, Reckitt,
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
5fi Broadway, New V'orb.
PHILADELPHIA.

rtrmof

of Railroad Securities*
of the

JULY EDITION.

CHICAGO

W. F.WEISS,

CERTIFIED POBLIC ACCOUNTANTS
128 Broadway,

New

PRICE OF SINGLE COPIES,
THE
CHRONICLE,
OF
SUBSCRIBERS
TO

York.

TELEPHONE—8758-8769 CORTLANDT.

To Bankers and Brokers

LOOMIS, OOMANT & 00.

.

$1 00

75

in quantities, with their cards lettered in gilt

on the

cover, at special rates.

CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street, New York.
Tel. 4058 Broad.

WILLIAM
ALFRED
ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
St..
York.
Also at Calvert Building, Baltimore.

Copies

JAMES PAEK &
CERTIFIED

PUBLIC

DANA COMPANY,

PINE STREET, CORNER PEARL STREET,

New

56 Pine

B.

may be had

in Chicago

London from

00.,

from P.

EDWARDS

BARTLETT, 513 Monaduock
«fc

Atlantic

Mutual Insurance Compnny Scrip
Years Bought and Sold.

ol All

s£Sc«c

CERTIFICATES
steel-plate efleot.

Also,

the cheaper kind, partly lithographed and partly
printed from type.

100 Certificates, J3.00 to
$85; the latter engraved, with steel-plate borders
elegant. Seal Press, II 50; better finished, $2.
& CO., 206 Broadway, N.YB.
(Telephone.)
Engraven and Lithographers.

—

ALBERT

NEW YORK.

SMITH,

Bnildluir, or la

1 Draper*' Gardens.

ACCOUNTANTS

32 Broadway, New York.
234 LaSalle Street, Chicago.

Handsomely engraved;

Publishers,

JOHN M. GILLESPIE,
Soom

KING

49-61

No. 518 Atlantic Building,

Wall

Street,

NEW

MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
Bought and Sold.

W.

J.

HAYES & SONS,

YORK. CLEVELAND. ORIO.

BOSTON, MAS*.