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— Bank and Quotation Section State ajid City Section (semi- Annually) (Monthly) Railway and Industrial Section (Quarterly) Entered according to Act of Congress, in A year 1904, by WtLLiAM B. tlie New weeftly newspaper entered at Post Office, VOL. Street (^^^4?;^®^) in the otfice of Librarian of Congress, Washington, D. O, York, as second-class matter— Wiixiam B. Dana Company, Publishers, 76}4 Pine St., N. T. SATURDAY, AUGUST 79. Railway Section Dana Company, NO. 1904. 20, 2043. Week ending August 13 Clearings at 1904 1903. Inc. or 1902. Dec PUBLISHED WEEKLY. Terms oi Subscription— Payable in Adrance $10 00 For One Year 6 00 For Six ilouihs 13 00 European subscription (including postage) European .subscription Six Months (including postage) 7 50 £2 148. Annual Subscription in London (including postage) Six jMonths Subscription in London (including postage) £1 lis. Subscription includes JoUowing Sections — STATE AND City (semi-annually) Bank and QnoTAiiON (montWy) RAILWAY AND INDCSTKIAL (quarterly) STREET KAIL WAY (3 times yearly) I 111,258,510 5,434.700 2,228 926 Boston f roTldence lilartford 472.056 310,538 117,042,399 5,801,000 2,294,338 1,422,444 1,358,783 1,411,804 1,167,410 803,692 650.153 385.216 305.679 126,510,422 142,976,882 —115 134.465,941 132,648,97)1 162,408,087 25,692,500 12.I1H.97G 12,695,626 156 707,912 21,178,300 15,350,135 12,986,756 +36 149,768.099 20,474.950 14.838,105 141,314.806 16,660 200 11.797.81)1 8.89(i,o88 7.6^6.901 6,487,961 3,791,300 3,501,340 2.402,232 2.159.549 1.622.035 935,761 14,428,388 5,715,203 3,609.082 2,943,700 2,772,923 2,201,549 1,340,025 1,180,178 New Haven- 1,8.55,410 Sprinefield 1,331,632 1,196,561 1,504.247 512,463 446,007 832,852 414.514 Worcester I'ortland River Lowell Fall New Bedford Holyoke Total New England. —11-4 -14-3 1.364 -2-4 119,847,600 6,056.600 a,544.219 1,450,385 1,475.348 1,457, 1.496, -17 9 t 534,,S56 -t-0-5 1,434.475 798.134 511,690 125,.563. 6.343, 2.«7S, 1,H75, 639 464 532, 362 —22 —11 —19 9 -3»-S —37 6 H4-4 - | Terms ot Advertising- —Per Inch Space Cblcaso Transient matter per inch space (14 agate lines) Btandine- Business Bimlnps-) Cards Onrds Standing ( Two Months ' '^'hree -, ( Months ^^^ jionths Twelve Months $4 22 29 50 87 (8 times) (13 times) (26 times) (52 times) 20 00 00 00 00 LONDON AGENTS: & Edwards Messrs. Smith, 1 Drapers' Gardens, E. C, will take sub of the paper at Is. DANA COOTPANY, WIIililAM B. I'ine Street, Post Corner ol Evansville ],38l).Hb3 Columbus Toledo Akron Pnbllsliers, 589,000 706 921 391,027 Spritiprfleld. Ill Pearl Street, NEW VORK. Box 9d». Office Grand Rapids Dayton 6.536,111 4,360,200 3.807,101 2,455.790 2,023,088 1,435.045 Peoria and advertisements, and supply single copies •criptions each. Cincinnati ( leveland Detroit .Milwaukee Indianapolis. Younestown Kalamazoo Spriiigtleld. GLEABINQ MOUSE RETURNS. 713,ril8 53ii,210 Lexington Canton Rocktord , , O 347,90, Bloominsrton Qumcy Decatur. The following table, made up by telegraph, etc., indicates .Vlansfleld .Jacksonville that the total bank clearings of all the clearing houses of the Jackson United States for the week ending to-day, Aug. 20, have Ann Arbor Total Mid. Western been $1,890,269,702, against $1,749,912,253 last week and San i<>ancisco $1,865,633,902 the corresponding week last year. Los A np;eles 1904. New York Boston PhUadelphia Baltimore Chicueo St. Louis New Orleaus Seven Other cities, 5 cities, 5 days 5 days. all cities, All cities, 1 , Salt day Lake City -11 Tacoma —1 ro Helena $929,323,482 101,222,839 85,460,751 16,435.418 159,138,373 89.844,967 10.196.907 fl.321,450,303 260,497,826 $l,ai 1,622,737 254,869.714 -1-5 +2-2 $1,581,948,234 308,821,468 *l,596.49a 451 269,141.451 -09 Denver -9-2 — 3-7 +4-3 +11-4 —8-8 Fargo Sioux Falls Total Paciflo all cities +14-6 for week. $1,865.633 902 $1,890,269,702 +i-y 1904. I ' * New York Phlladolplila PltLsburah Baltimore BufTalu WaBhinuton Albany I . ' +2-1 +6-2 +20-5 -7-f Des Moines Hiirre -3-0 -12-8 +14-6 -1-7 -10-5 l,17 2,65^ —20-2 2.935,7.55 2.0()8,.3S(( S.iiiM.'jHn 3.035.761 1,9HI,218 2M)7.813 2,1113,055 1,2; 1,800 1,1M0,9.30 Ctawtor ,S2I.!!«0 RoadiuK Total Middle 883.927 73S,420 380.400 75;M,0!Jfl Oreen(ii)urtf P« l,a)2.552,608 1.028.605.902 -13-9 9 1.327. 5117 102.735,027 -4-3 3 7. 30,;. 270 31.370.438 -14-5 24.y54.47H IH.177.531 -8-9 5.ShH,72H 6.029,4(l,s 3..^i'.i.i)(!:) 691,471 410,500 ;i4 4.560 Krle rrankllu, "o 40.'H,828 428,044 551,954 225,071 49M.780 186,703 1,04M,«94 Not IlKlurt.. 1,165,647,648 I,3!ii8.808,821 1 -175 - 6-(» +5-4 - l.-)-6 -25 030.290 1,129.939 1,400,526 1 -HO 1.743.925 1,090.413 1,086,229 d III to —130 -on 1,260,521 742,110 547,651 422 127 149,252 04,096,206 59,731,890 40,534,246 20,324,570 12,696,149 18,418,241 10 470.180 6,015,073 4,331,641 4,689.516 4,538,511 0,493.,H00 5,468,33 4,339,99,s 4,588.919 2,074.25* 1,504,401 +7 3 -2-0 +1-4 +16-5 -20-2 +27-7 +0-5 089,110 340967 182,003 1,5.57,617 1,0,36.652 715.336 152,154 1.188,807 984,204 468,521 771.357 148,975 60.742,866 54.889,165 45,080.63' 39.707,215 7,470.703 7,487.609 3.809.863 3,112 000 3,11.\2I8 2,«I9,014 1.911,388 1,073,7 816.645 475045 9,978,863 7,961.869 5,600,000 3,233,000 3,825,168 2,278,860 1,827,946 1.995,090 1,484,314 1,294,052 1,373.907 843,919 748,244 603,002 725,190 36\S ^5-7 103 29 3 -62 +13-6 +0'8 i Llll,168 In to tal. + 18-1 +60-6 4-31 l,80li,475 1,37S,137 1.133 903 1,323,096 765,409 602,584 925,088 499,786 +9-2 +8 2 -100 +40-ti d in to inl. ColumbuR, Qb 'lot .il Southern all New 45.908,040 +510 -51-4 Outside 25,870,095 3,105,668 2.862,181 3,117,060 2,155.993 1,100,000 —24-4 -8-2 +86-6 -H-2 .M:icon Total 210,762,248 26,366,715 4.799,912 4.586,081 3,337,829 2.704.969 1,559,864 1,433,720 491.444 397.074 230.432 +59 Not include d 84,000 203,798 146.177 70.075 228 249,748 + 10-1 ChiittanooKa Vork. 433.000 475.000 360.000 327.891 43'7,o66 466,930 310,098 -K)-3 yo.4:io,oo 78,607.376 —90 2.flJ}5,533,42 I.715.92.S.221 '737,980,81 687,.'<22,309 — 2-6 757,765,801 78,172,042 761 21,851,037 14,3H2,675 4.016.969 +4-3 18.731,760 17 6IU,960 +,'t8-9 2, 22.;, 223 1,868,781 2,073,087 -;)-3 1.89(i,740 + 12-8 1,742,072 CANADA— .Montreal Tiironio 644,205 702.511 300,600 433.898 239,133 Halifax Ottawa. 29h2lK) 346.375 850.700 uiicbec 705 687 125 043 209 Viiiioouw^l!. ilHinlltnn St. .lohn London Victoria 1,198.586.205 +60 6 + 13y +13-2 +4-9 Houston 49,j,5ll tal. +3-5 -0-6 +5-8 4.140,999 3,826,438 2,000,127 Louisville WinnlpsK -170 +90 —0 07 +193 990 186 Topeka Davenport 8.H0,113 49H,7C.O —6-8 5,.594,685 HoMiiraont Jacksonville -134 +16-6 +3-8 21,547,729 11,579.012 6.925.059 Charleston 1901. 2,478.877 1.250,00(1 BlnKlmniion 1902. !).1(!«.245 1,050.923 985.327 Whee.liiK or Dec. l)u;. .S,42.').77a ByracuMB Wilmington I 992,146,392 1,14.M.S4,.584 97.1!Mi,yi4 83.698,493 39,715.069 4 l,r,^ 1,(570 21,r,lil.427 18,464.915 6.122,194 (;,7..'2.212 Monhe.iter Sorantdii WlikcH 1003. 6 9 51,197,619 I'aul 31S.350 387,189 258.012 224,393 272.573 195,183 224,183 159,339 72,^54 -2-- 50,610,919 Joseph. liirmingham Knoxville CUarlnas atr- +9 840.125 651,500 522,340 489,958 427.425 420,704 324.863 357.879 307,489 246,970 200,456 413,3.")6 +81 +8-5 AuKUSta Little Rock IVeek ending Aitgust 13. +9 3 +22-8 -5-5 +1-4 -10-1 +11 13,3i;5,995 578,700 543,158 446,306 560 308 486,479 -37-4 171,920 84,33 week, covering the returns for the period ending with Satur- (ialvcstou Richmond. day noon, Aug. 13, and the results for the corresponding Kavannah week in 1903, 1902 and 1901 are also given. Contra.sted with Memphis Atlanta the week of 1903 the total for the whole country shows a loss Nashville Norfolk of 9-0 per cent. Outside of New York the decrease from 1903 Fort Worth per cent. -101 +140 230,9? .. is 2-6 +47-6 +126 —11 Kansas City 2,413.891 1,767,«61 1,482.403 1,135,178 -11 5 1,828, 760 646, 508 500,,272 235, 215 the We present below our usual detailed figures for the previous 3,4.89.076 —63 80,640,991 5,891,582 4.000.000 2,406,653 3,337.735 2,141.6,M 1.728,02^ 402.721 439,304 208,960 Minneapolis Wichita week covered by the above will be Colorado Springs given next Saturday. We cannot furnish them to-day, clear- Fremont Cedar Kaplds ings being made up by the clearing houses at noon on SaturTotal other West'rn day, and hence in the above the last day of the week has to Louis St. be in all cases estimated, as we go to press Friday night. New Orleans full details for +8-7 +2-2 + 1.5-0 28,527, .526 6,420, 73' Oraalia SL +08 6,983.609 4,812.052 4.146,850 240,755,400 3,454 8.55 2,128 162 Portland. — a-2 +167 249.836,427 3,997, 145 2,871, 744 Spokane j9 1 8,899, 163 89,476.674 77,599,916 15,824,989 185,957,317 44,394,237 9,298,013 361,688 398,635 309,505 193,303 250,489 175.612 98,381 Siou.x City Total The days. P. Cent 1003. 8t. Total , Seattle Clearings— lieturns by Telegraph. Week Ending Axtgust 20. 506.827 449,695 655,000 610,534 025,470 652.892 435,755 536.118 443,50 386,435 834.608 363,793 276,723 188,154 +21-3 —21-0 Total Canada. 1.3M!^.M2n 498 000 707 1,!W2.470 ',074 .OV y^iMO .«! 792.833 K17.IS4 62,352,000 60.791,110 -30 +85 5 + 3-3 l,24f^,-.2 ll:."<.J92 15.041. .597 10,H73.651 1,714,568 1,600,000 1. 76,683 1,405,536 -170 sun .",33 7.59,184 -7 +23 7HM.49,H 890,887 — 32 (I +B1 "(lO.tKIO .'l,-,2 r.40 iii4.5gil ~47;f387145 ~B;676,l8S THE CHRONICLE. 700 [Vol. Lixix. It. aeemi, according to a dispatch from Wastiingtoii published in the "Sun" of Wednesday, that "the THE FINANCIAL SITUATION. The war between Rassla and Japan seems speeding towards its end. This conclusion was quite folly ac cepted on Monday when the unexpected news reached the outside world of the scattering and serious crip pllng by the Japanese of the Port Arthur and Vladl Since then the successes Id Yostok Russian fleets. those encounters, though extremely Important, do not American Government has weil-defiaed views with regard to the contention of Russia that the neutrality of China was violated by the capture of the disarmed Rasslan destroyer Ryfshltelny in the neutral harbor '^ Ohefoo by the destroyers in the Japanese Nivy. This announcement appears much like a case of undue haste; it Is meddling with an slf ir not our More Russlat^ look as complete as they at first did. own concern, and pronouncing judgmeat In a matter yessels have survived the contests than appeared likely about which even the facts have not as yet been dewhen the earliest news was received; that is to say, termined. A little more modesty, a little less of what what are left seem to be more formidable than the locks like officlousness or snobbery, would be more beearlier outlook promised. Sufficient, though, has beei coming and effective. Bat, aside from that, is not accomplished to change the face of the situation. the principle at stake one that our Government should We must admit that it had begun to look a« seek to modify and about which it should be chary Japan had lost in large part the control in taking a decided position. So far as the principle if of the seas, and as if that control might soon pass at issue covers a question of life, a vessel that sneakt over to Russia. The successful raids, first on Japainto a neutral harbor after it has been virtually beaten nese transport ships and subsequently on the com sbould undoubtedly to that extent be protected, and merce of the world by the Vladivostok fleet, aided later Ikewise the neutral should be protected from any by the converted cruisers and unhindered by Japan, violence inside its domain; but that the neutral should put an embargo until Rassla had thereby almost bave the right to keep the vessel until the war 1» upon all trade with Jtipan, were felt to be a highly dis- ended and floally deliver it to the original owner appointing and discouraging feature in Europe and ippears to us to be entirely wrong and without good America. Those sallies showed great cleverness and reason. courage, added to almost intuitive knowledge, enabIn the present ease, it is to be remembered that ling the officer in control to know just when, where Japan has made immense sacrifices ol life and money and how to strike most eflectively and get safely un- tn keeping her fleets afloat in position near Port Arthur der the protection of Vladivostok guns again without >ind Vladivostok to watch and prevent the Russian harm of any kind. It wore the appearance for a time, fi<jetB from getting out of their hiding places and to those who were being injured, much as if the RusUnder working destruction to life and property. sian vessels were charmed and the Japanese comthese circumstances it has so happened that the mander was asleep. Those views were the result ol Vladivostok ships have on occasions succeeded in hasty and impatient judgment which the week's escaping, having eluded the blockading vessels, and, events have rectified. if the facts are as reported, sunk Japanese merchantThe current news has likewise been of a character men with their cargoes and left the men on board to to lead the public to expect very shortly the capture save themselves or drown; and have also with other by the Japanese of the fortress at Port Arthur. It vessels flying the Russian flag assisted in putting will be a wonderful triumph, an epochal event lo an embargo on Japanese trade ard on all trade of Japan's history, if success is achieved. The capture, furthermore, will go very far towards proving that nIc must go fort or fortress can be made impregnable. very far, too, towards ending the war. Russia and its public men and generals have repeatedly said tha' the war would be continued until that nation con Tnat is but a vain boast. Very likely those quers. who make it believe it. Russia's bulk has all along deceived European nations, and it is quite natural its size it should deceive itself. It doee that with of nations that Russia chooses to declare contraband. <i\\ We do not object to ssume the same to be state them to show the belligerents and to the any part of these doings but legitimate warfare. We equities attaching to the two only one-sided part neutrals have The flnal acts were the sortie of Port Arthur and of August 14 at Vladivostok, at both of which points the Rasslans failed in their object, and the Japanese were succesiful In defeating and scattering the Russian vessels, lo that encounter, when the Japanese had got the Rjsslans on the run, any vessel that was hard pressed took to a neutral port and became safe from Its pursutr because it could disarm and run the risk of getting out and off on some future occasion for Japan could Qot afford to have an armed vessel continuously outside on watch or if escape became impossible the disarmed ^lajed since. August 10 at though, count for much as a test of endur Tiitre has been many a ''tail bully" com polled to lick the dust before a smaller antagonist. Even Goliath found the sling of David too muob Promt for him. But there are more weighty truths. nent among them is the fact that a government like Russia's cannot have the kind of staying qualities which a long war calls for. Russia is likewise espec- vessel would be kept in safety for Rassla. We do Lot Its ially vulnerable in a most Important particular. consider that to be just; nor is it neutrality, nor even debt is enormous, its foreign borrowings are peculi- a doctrine which Is in the Interest of the United arly placed, and its credit would be in great danger oi States to help perpetuate. Ii may be that the precbeing overstrained by the continued putting out of new edents do not favor the even-handed view we have loans which a war as costly as wars are in these days suggested. If not let us do our best to make a prec- not, ance. — — would entail. diate issue We witJi might add further that the imme edent. Japan is remote^not one which touches the deeper or homo interests of the Russians; it would not move them to submit to extreme deprivations in its attairment it evidently is not what is sometimes called " a last ditch" affair. — Our stock market has been strong as a rule under he foregoing and other Irfluences. The feeling no doubt pievalls that after the fortress at Port Arthur Is taken, the war will be greatly restricted in its possl- Aug. 20 THE CHRONICLE. 1904.] ble htoiui ioc«mmerce, bvenlf It be not apetdily ended. An end to the contest would probably be of great aeivlce in opening more fully than ever before all the 701 breadsiuSs of and cottun were, August reasons, unusually short. for well-known for the also will same reason be below an average; but after that cotton will become a factor in the movement, and bread- Far East to trade with outside manufacturing naand hence would be a result of wide industrial stoffj also If the speculation now current does not The real strength of Aneit the outflow. benefit in Europe ard America. that the tone and fact the in seen is market our stock the face of the lessin The foreign exchange market, after declining moyement have been sustained favorable reports current as to the wheat and corn sharply because of the absence of urgent demand, incrops, colder weather and rumors of prospective frost dicating that the short interest in exchange had been being added to aid the speculative advances in th^ closed out, has maintained a steady tone. To a modmarkets for those cereals. It is well enough to state erate extent operations in that class of finance bills that the frost failed to make its appearance, so that known as sterling loans were resumed for the first While the time since their suspension in the week ending July wheat and corn declined materially. now in progress in those 23 in consequence of the derangement to the London speculation active cereals continues, it will be well to suspend judg- discount market and to our foreign exchange market ment 88 to the rumors of further damage daily resulting from the development of the MalacQa input afloat. Besides that feature, another import- cident. The borrowers of these bills now expect to adverse development was the cut in wiri^ procure sight drafts for the repayment of their loans ant and wire products. The report at the momett at a price sufliciently low to enable them to profit to Bat wit.h the the extent of the difference between the cost of the is that the cuts will not extend to rails. Gorporati)u ninety-day borrowed bill and the demand draft which United States Steel and the break started becoming a party, a widening tendency until it takes they will require in November, even if they shall not in billets, rails, etc., does not appear to be improbable. meanwhile realize any advantage from the loaning in At the same time, up to the close of the Stock Ex our market of the proceeds of the borrowed draft. change yesterday, the new development had no further Operations in other classes of finance bills of a specudepressing effect on the securities of the United 3:ates lative character which involve the drawlog of a ninetyday sterling bill and the loaning of the proceeds by Sieel Corporation than the drop in values which ac companied the earlier rumors of the previous week- the drawer in the expectation of covering the bill at The fight seems to be a bitter one and it is impossible a profit at maturity which operations daring May at the moment to measure its extent or harmfulness. and June created a large short interest in the market No doubt cheaper iron and steel will increase business, in July, contributing to the argent demand for coverand if the cuts are not deep enough to take away ing do not appear to have been resumed, though if tions, — — jftll profit, the net m»y continue there shall be a farther recession in discount rates at large. London and The Barean of Statistics kaa this week brought down statement of the foreign trade another month. This compilation covers July and is particularly noticeable because the merchandise exports are so small. We have to go back six years to find a total as small. The merchandise exports last month, July 1904, were $84,883,431 and in August 1898 they were It will be remembered that 1898 was 184,665,661. That year was for several important reasons notable. its a firmer tone to our time-loan market, it probable that these operations will again become Important. is Bankers who are competent judges of the situation ("xpress the opinion that money if shall continue to market and shall remain without material change, though normal, in London, rates for demand bills will not fall much below 4 85, even during the height of the cotton export season, because at or about that rate there will be an argent rule at low rates in our War; It began in April Inquiry for long sterling for Investment to employ the and the preliminary peace protocol was signed aad proceeds of such bills in the London market, and military operations suspended on August 12 of the this inquiry will naturally affect the price of short same year. After its earlier stages were passed the sterling. If that forecast is correct, there would seem the occassion of the Spanish war benefited instead of harmiog trade. Another event which had a stimulating infiaence on industrial aSciirs late in the year was the State and Gongreesional elections and the remarkable success of the sound money party, carrying not only the House of BepreaentaMves, but the Senate by a good working majority. The Republican Pdrty that year stood everywhere and unequivocally for a gold standard, and tho capture of the Senate took away from the silver party all the dignity and force it ever possessed. We refer to these events because that war and that election made 1898 tory of our industries. a pivotal year in the his- Oar annual exports in that calendar year took a leap forward, aiding about 200 million dollars to the total merchandise, and has never since gone backward; nor is it likely that it ever will. Tnefact that one month's exports in 1904 parallel one has to go so back means nolhiog in this case as to other months. Wo all know that the exports were phenom enally small in July this year because the items are so small that for a to be little prospect of large profits resulting from the negotiation of either class of the sterling finance bills above referred Tne this rise in to. open market discount rates at Paris week from 1| to li@lf per cent led to the dis- drawn on Paris sime speculative caaracter as those above noted drawn on London had been negotiated to a considerclosure of the fact that fiaance bills of the made having been forwarded by the purchaser to Paris for discount. The relatively lower rates for money at Paris than in Ndw York made such operations advantageous because, in ad- able extent, the drafts so dition to the expected profit resulting ence between the long bill drawn and from the dlffar- the short bill which would be required for the reimbursement of the credit, the drawer could raallz) a profit through the loaning of the proceeds of the long bill for ninety days in our market. far It is pleasing to York State keep note that aavinga dopoalts in steadily growing In magnitude. New Toe 702 THE CHRONICLE. [Vol. Lxxix. reuctiou whloQ ima oueaexperleneedla trade for about higner at, P<%t\b and i@i per cent stronger at Berlin a year and the numeroas Btrlkes and labor troablea and Frankfort. It is reported from St. Petersburg which have been a feature of the last twelve months that a new internal loan in the form of State four year are plainly factors that would tend to Interfere with rente notes, amounting to $60,000,000, bearing 3*6 the practice on the part of the humMer classes of lay* per cent interest, has been issued, and it is rumored Ing aside money oat of the proceeds of their toll. that a loan for $100,000,000 has been placed in BerMany persons, therefore, have been Inclined to think lin. that the presence of these adverse Inflaences would be reflected In the semi-annual return for the Ist of July. The feature of the statement of the New York Asso- Bmks last week was an Increase of $2,162,400 in net in cash. Deposits were augmented $2,919,100, Instead, the fii^ures show further expansion both the total of deposits and in aggregate resources. Of resulting in an increase of $729,776 in reserve requirecourse the fiction that the deposits in our savings in> ments, deducting which from the gain in cash left stitutions represent merely the hoards of the poorer $1,422,626 as the Increase in surplus reserve, to $67,classes has long since been dispelled. It is known that 731,476, the highest since July 2 1898. Calculated upon many Individuals of means use them as well, distrlbating the basis of deposits less those of $23,374,200 public their accumulations among a number of different banks, fucds, the surplus is $63,576,026. Loans were Increased since no interest can be obtained on amounts in ex $1,014,500, probably the result of syndicate borrowNevertheless, ing. It Is expected that the cash reserve will be cess of $3,000 in any one institution. these eavings bank deposits may properly be con- further increased this week, the Assistant Treasurer sidered accumulations of wealth, even though they do having been almost daily a debtor at the Clearing not belong exclusively to the wage-earning portion of House. The statement will probably reflect, among the population, and we need hardly say that additions other items, the average for five days of $1,600,000 of any kind to the wealth of a community are always gold withdrawn from the banks on Fridaj of last desirable. The totals of the savings deposits of the week for shipment to H ^vana, the average for three State are now up to the magnificent figure of $L,166,- days of a like sum withdrawn on Wednesday and the 091,444. List January the amount was $1,131,281,943, average for one day of a similar amount taken on a year ago on July 1 it was $1,112,418,662. Tne in- Friday, also for export to Havana. The shipments crease for the twelve months, therefore, has been over next week will amount to $2,500,000, completing the 63^ million dollars. If we go a little farther back, sum of $10,000,000 to be paid on acconut of the say to J aly 1 1897, we find that the total then was Cuban loan which was negotiated by Speyer & Co. only $741,474,846. la the period since then, there- There were transfers hither of $196,000 from San fore, the addition has been over 424^ miliioa dollars. Francisco during the week, and payments of $523,000 Only in this way does one get a proper idea of the Seattle Assay Office checks for Klondike gold, which extent and magnitude of the growth which has oc- will also probably be reflected in the bank statement. If aggregate curred within the last few years. comparison, the taken the basis of resources be as Money on call, representing bankers' balances, same feature stands revealed. For these aggregate loaned at the Stock Exchange this week at 1 1-10 per resources have now reached the prodigious sum of cent and at ^ of 1 per cent, averaging about f of 1 per The corresponding item July 1 1897 cent; and daily, with .the exception of Thursday, when $1,276,189,167. was only $839,671,900. ^ of 1 per cent was recorded, the minimum was at f Time loans on good mixed Stock Exof 1 per cent. Figures of anthracite coal production have been change collateral were quoted at 2 per cent for sixty given out for July and the seven months of the calen- and 2| per cent for ninety days, 3 for four and 3i for dar year. Of coursa, as contrasted with the output five to eight months. The offerings for the shorter last year in this period, there is a falling off, because in dates were chiefly by foreign bankers who sought to 1903 mining was being prosecutod on an unusual place the proceeds of finance bills, and one feature scale to make up for the deficiency of yield in 1902 was a fair demand for money for four months to tide Commercial occasioned by the prolonged strike of the miners. As over the active crop-moving period. compared, however, with the years preceding 1903 paper was in good request but the supply was only Eates were 3|^4 per cent for sixty to there is satisfactory increase. For July 1904 ship- moderate. ments to market are reported a3^4,623, 627 tons, against ninety-day endorsed bills receivable, 4@4^ per cent 6,377,496 tons in Jaly 1903 but as against only 269,- for prime and 44(^5 per cent for good four to six 079 tons in 1902, when the miners' strike was in prog- months' single names. In July 1901 shipments were 3,699,628 tons ress. The Bank of England minimum rate of discount and in J aly 1900 they were 3,696,729 tons. These The cable reports figures for a single month obviously are not so use. remains unchanged at 3 per cent. fnl or conclusive as those for the whole of the seven discounts of sixty to ninety- day bank bills in London months from January to July. In that period in 1904 2|@3| per cent. The open market rate at Paris is the shipments reached 33,880,734 tons, which com- U@'f pof cent and at Berlin and Frankfort it is pares with 37,262,447 tons in the seven months of 2i®i per cent. According to oar special cable from 1903 but with only 19,083,162 tons In Uie s«vea Loudon the Bank of England gained £815,136 bullion months of 1902. In the corresponding period of 1901 daring the week and held £35,771,195 at the close of the amount was 31,219,127 tons and in 1900 It was the week. Oar correspondent farther advises us that the gain was due to the import of £290,000 (wholly 26,278,606 tons. bought in the open market), to exports of £52,000 (of in official no change rates There was of discount by which £30,000 to Argentina and £22,000 to Gaajaany of the Earopean banks this week and, compared quU), and to receipts of £577,000 net from the interior with last week, unofficial or open-market rates were of Great Britain. 316 of 1 per cent lower at London, ^ of 1 per cent ciated . . Aug. lorelga exchange market, after falling off sharply for sight on Monday, influenced by large purchases of stocks for London account and by the conviction that the short Interest had been closed out, The then became dull and seems to have remittance for demand The firm. which has been just business, counter to been confined keep and the mar offerings about sufficient to absorb partially recovered, and Yesterday the bills. first new crop bills cotton anticipation of that 703 The following shows dally posted rates for exchange by some of the leading drawers. DAILT POSTKD BATES FOK FORBIOIT EZOHAHOB. movement, and factors at New Orleans are reported to be unwilling to coDtract for the delivery of cotton bills in October at less than 4 8H. As above noted, operations in that class of MON., Fei., Aug. it were reported. The period is close at hand exports should be a leading feature. when few offerings of commercial bills in been There have cotton — .. THE CHRONICLE. 20, 1904.] ket almost bare of . Brown 1 486 4H9 4 8«« 4 89H i 4 86 ) Brothers i Barinn, ( Magoun & 60 days Sight 60 days . Sight.. 60 days No. America.. ? Sight.. Bank of i 60 days Montreal J Sight.. Canadian Bank 5 60 days of Commerce.. \ Sight Heldelbaoh.Iok- (60 days elhelmer s. Co. ) Sight Lazard 5 60 d»y8 Frereg } Sight.. Uerohantg' Bk. ( 60 days of Canada J Sight.. Bank Co. British 12. Axig. 15, . Tubs.. "WKD.. Thpb., FBI., Aug. 16, Alig. 17, Aug. 18. Aug. 19. 86 8» 86 80 sm am sm 88 b9 86 89 86 89 88 89 88 89 86 80 4 8» 4 8A 4H» 4 86 4 80 483 iSi 4 86 4 89 4 86 4 89 89^ 86 89 86 8tf 86 89 86 89 SH 89 86 89 86 89 86 80 8e« 8B^ 89 86 89 F6 80 86 89 86 89 86 89 86 89 89 86 80 86 89 86 89 86 89 86 89 86 89 86^4 86 8» 86 89 80. 89 86 S9 86 89 86 86 89 89 The market closed on Friday at 4 8646^4 8555 for 8810@4 8816 for short and 4 8860@4 8866 for which appear Commercial on banks, 4 8626@4 8636 and to loans, cables. sterling as known bills finance month, are being for payment, 4 8440^4 8690. the documents early in Cotton for have been suspended bills and payment, 4 8440@4 84^ cotton for acceptance, 4 8626 resumed, the bankers negotiating these the borrowers thereof expecting to realize more or @4 8536, and grain for payment, 4 8680@4 8590. long, 4 ; less important advantages through the procure- ment of coverings with sight exchange by the time these finance drafts shall mature. The most attractive form of finance bills now seems to be those of a speculative character in francs because of drawn Week ending Aug. be required for covering at as evidence of the negotiation of the franc finance bills was not disclosed until this week, when It was shown by the rise in open-market discounts in Paris, it appears probable that concur- Gold Total gold and legal tenders. in sterling finance bills who had the result is and therefore that franc finance bills have been negotiated in consid.erable volume; should this view prove to be correct, the drafts will most likely mature in October and November, when cotton will probably be exported in large volume, and the move ment will be financed largely with French capital. It would appear from the fact that long sterling has money JVet Interior Movement. t5.911,000 1.124,000 $4,040,000 864,000 Gain. $1,671,000 Gain. 260,000 $7,036,000 $4,904,000 Gain. $3,131,000 as follows: Week ending Aug. Sub-Treas. oper. and gold^exports. Total gold and legal tenders The following In Net Change in Out Of Banks. Into Banks. 10, 1904. Banks Interior movement as above Bank $7,085,000 27,000,000 $4,904,000 33,600.000 $34,085,000 $38,404,000 table Indicates the Boldingt, Gain. $2,181,000 Iioss. 1,500,000 Gain. $641,000 amount of bullion the principal European banks. negotiated such drafts re- sorted to franc bills in order to renew or extend their of banks. With the Sub-Treasury operations and gold exports, rently with the recent covering of acter, the bankers New York Received bv SMvped hv N. T. Banks. S. Y. Banks. 19, 1904. Currency.. will the short interest of the same speculative char movements gives the week's and from the Interior by the the rela- tively higher rates for money ruling here than in Paris, which enables a profit to be made through the loaning of the proceeds of the finance bill in our mar ket In addition to the profit resulting from the differ ence in the price of the ninety-day bill now drawn and the sight draft which maturity. Inasmuch The following to August Bank 18, 1904. AUfrust 20, 1903. of operations, England™.. France Germany.. Russia Aus.-Hun. Gold. Silver. Total. Gold. Silver. lotal. £ £ £ £ £ & 35,771,196 35,737,797 35,771,195 107,876,6(19 33,996.000 93,681,000 44,8fll.816 162,738.485 102,889.6^5 45,941.000 36,151.000 8,625.000 108,8*6,000 11,946,000 85,787,797 44,969,011 147,268,696 12,361,000 47,602,000 8.776,000 90,023,000 18,818,000 58,216.000 48,265,000 12,543.000 60,808,000 Spain. 14,';6?,000 80,267,000 89,080,000 81,847,000 45.898.000 14.616,000 20,096,000 34,712,000 Italy 22. r. 8.000 8,967.700 26,075,700 19,198,000 2,898,800 5,479,900 6.396.900 11,876.80(1 3,94?,fl00 6,454.«00 81,494.800 10,397,600 3,046,000 1,623,000 4,669,000 2,896,667 1,448,838 4,345,000 Netherl'ds. Nat. Belg. been comparatively firm this week that not many speculative finance bills drawn on London have been negotiated, though offerings thereof may possibly have been large and been absorbed for remittance. Gold exports during the week were $3,000,000 to Havana, half of which went forward on Thursday and Tot. week. Tot. pre v.. the remainder to day (Satmrday). Gold received at the so 364.986,764 110,119,416 475,066,180 340,484,749 109,2 i2,U44 449,696,793 35S,855,f60 108.790.733 467,e46.29R 340.2U6.099 109,253,98M 449,660,087 NOT A GOOD TIME FOR STRIKES. There is something exceedingly sitrnificant In the almost uniform way in which important labor troubles, common the present year, are resulting in the Custom House, $72,202. defeat of the striking employees. Not to mention Nominal quotations for sterling exchange are 4 86@ minor labor disputes, the masters' and pilots' strike 4 86^ for sixty- day and 4 89@4 8H for sight. Rates for on the Great Lakes turned out disastrously for the actual basiness on Monday were, compared with those on men; after six weeks of idleness they returned to Friday of last week, 6 points lower for long, at 4 8640 work without having gained anything, and acknowl04 8550, 20 points for short, at 4 8795@4 8810, and edged themselves beaten. The strike at the beef10 points for cables, at 4 8855@4 8866; the market packing establishments in the leading cities throughwas weak In the absence of demand. Oa Tuesday out the country Is plainly tending to the same end; short recovered 5 points, to 4 88@4 8806, but cables the force of new men, to take the places of the union men who have quit, is steadily being increased, and fell off 6 points, to 4 8860@4 8860; long was unat quiet the packers are turning out a large percentage of changed. On Wednesday the markot was unaltered races, but on Thursday it was steady at an their normal product so much so that wholesale advance of 5 points for short, to 4 8806@4 8810, and prices of meats have dropped back again after the of 5 points for cables, to 4 8865@i 8866; long was un- sharp rise that occurred at the beginning of the outchanged. The tone was firm on Friday at an advance break, when everybody talked of a possible meat — of 5 points all around. famine. THE CHRONICLE. 704 It is a little Blngnlar that labor leaders headed union men shonld and hot not heed the lesson which these defeats so plainly teach, and particnlarly that the anions la the building trades In this city should Inylte similar disaster for themselves by entering upon a general contest with their employers. The times are wholly unpropltious for objectionable measures calculated to embarrass employers or tending to give undue advantage to the men. There was a period, when the men had pretty own way about things, but the situation say about two years ago, much tbelr has radically changed since then, and it will be the part of wisdom for strike agitators to recognize this change and bow to the inevitable. The s twofold atement herj made application. Is intended to have a Whether the purpose be 1o [Vol. Lxnx. to make concessions of any klud which would tend to increase the cost of goods. As a result of the same situation, labor is no longer fully employed. Up to the beginning of last year, as already Indicated, things were such that the laboring classes could practically dictate their own terms. There was more work than there were men to do it. Merchants and manufacturers had their goods sold well ahead and could not afford to run the risk of a stoppage of work. n3nce, when a labor organization made a demand of any kind, that demand was almost certain to be granted. The employer yielded, no matter how unreasonable and exacting the demand might be, because he had no alternative. Ha is under no such compulsion now. On the one hand the demand for his goods and wares has fallen off, and he w<»ge8 or oppose the principle of the open shop or whether the finds it not always easy to effect sales. Oa the other design be to gain increased pay, or decreased hours, hand, instead of there being a dearth of labor, there For every man who or concessions of some other kind, the outlook for Is now a superabundance of it. ; Both the is equally discouraging. and the bcaineas aspect have under- up his job there are several others to take his For this reason arbitrary and oppressive acts gone complete alteration. In adverting to the poltt* on the part of labor organizitiona are now certain to The producer acd manuical aspect we have reference to the fact that neither meet their deserved fate. fit espouse political parties has seen to facturer great cannot afford to pay more for labor even If of the such movements gives political aspect place. the cause of those who would destroy the principle of they were so inclined, and fortunately they are not so the oper-shop and declare opposition to non- union situated that they must yield, even if not Inclined Strike fomenters undoubtedly had hopes that that way. labor. The prevailing situation is well illustrated in the ftt least one of the two political parties would seek to men taking union an attitude of of by condition of the Iron and steel trades and of the gain the favor hostility As happened, both railway icdastry. The country's production of iron encouragement to and steel is fully one-third less than when at its a fact which was tantamount to maximum in the first half of 1903, and yet even to outside labor. It parties failed lo give the slightest — kind a declaration that in the estimation of astute political aauagers the doctrine that would take away from «iy person the right to work when and how he pleases, bo long as he does not trench upon the rights of others, is not one upon which a successful appeal could be made to the American people. We referred to this matter quite at length in these columrs three weeks ago In an article entitled "The I^inclple of the Open Shop," and therefore need cot go over tbe same ground again at length to day. We mtkj note here, however, that since that article appeared Judge Parker's speech of acceptance has been dellv ered and its utterances are equally pronounced and sound ( n this question. ludeed, Mr. Parker employed the same language on the subj act used in the Democratic P atf orm (thus emphasizing his accordance with the posit Ion taken by the party) though j idging from the nevispaper comments most persons evidently supposed the language was his own. Furthermore, several victories have recently been gained for the open-shop in labor coutroversles where that wa3 the express issue. Wo reter to the strike of the union bricklayers on the War College Building at Washington, the general 8tr)ke in this city of the United Garment Work ers and tne defeat of the Springfield (liiass.) carpenters' unions. The latter May 3d went on strike against the opeivshop and on August 8th, after fourteen weeks of Idleness, ezprejaed wUllDgness to return to work on the master carpenters' own terms. li view of all this it seams perfectly safe to assert that attempts on the part of any conslder^ible body of men to engage in a straggle to oppose the open shop are fore«:Sorts of that in face of this large curtailment of the output It has been found impossible to maintain prices, as this week's sharp cut in the prices of wire products by the American Steel & Wire Oo. (one of the con* stituent organizations of the United States Corporation) makes so plainly manifest. spect to the railway Industry, the Steel With Jane return re- of earn- Pennsylvania Eiilroad, reviewed by us two weeks ago, tells a story whose meaning It is not easy to mistake. As compared with the month of Jane last year, expenses of this company on the lines directly operated east and west of Pittsburgh were reduced in amount of no less than $1,851,100. Aid the Pennsylvania is only a single large railroad system. Ererj where curtailment is the order of the ings of the day, existing conditions not permitting or encouraging new ventures or large outlays. As concerns the strikes In the building trades, we think we but voice the general sentimeat when we that absolutely no sympathy is felt with the say la fact, the feeling is one of impatience with the arbitrary and uncalled for acts, so often repeated, on the part of the innumerable Ubor organi- strikers. make up what is known as the "Bailding Trades Alliance." No one can forget that it was the long continued labor troubles in the balldlng trades, lasting through the summer and antumaof last year (thereby diminishing the demand for the fiaished zations that forms of iron and steel and for materials and supplies of all kinds), which proved the fjrerunnar of the reaction in trada from which the country has been suff jring ever since. doomed to failure. The present trouble in the building trades seems Not less unfavorable are business conditions for to havd had its origin in a demiad mide July 13 A reaction in trade has been in on JjhQ B. McDonald, the contractor, who is baiiding successful strikes. progress for over twelve montha now. Employers and the E:ipid Transit Subsray Tannel, that fifty per cent producers are in no position to grant advances in of the men employed in the piilnti jg work on the Aug. THE CHRONICLE. 20, 1904.1 705 tunnel must be members of the Amalgamated Paintera' strike, also have to stop. With these unions subject Society and that all non-union eleotrlcians be re- to a superior body, always bent upon mischief, and There were two labor organizations of desirous of making its authority and influence manimoved. palnterp, the one the Amalgamated Painters' Society, with the Balldlng Trades Al which was the Brotherhood of Painters, other the llance, and which was affiliated with the Central Federated Union. aflBliated had an agreement with the Rapid Transit Contractors' Association to employ members of the Mr. McDonald did not unions which it represented. made on him and as a con. demand the comply with sequence strikes were called by a number of the organizations composing the Building Trades Alliance. The Building Trades Employers' Association then took the men to task, pointing out that they were clearly in the wrong to strike, since it had an agree ment with the BulldlDg Trades Alliance by which all matters in dispute were to be settled by arbitration. The strikers were, hence, requested to go back to work. A curious development, or at least a development which would be curious outside of labor circles, then occurred. The Amalgamated Painters' Society and the Brotherhood of Painters, the two rival bodies who had been fighting each other, then joined hands and united under a new name "not for the pur poses of peace but to aid and abet the present building war," as the account in one of the The Building Trades newspapers read. daily The latter — Alliance refasing order to various tnlons under its the men In the control back to work, the fest, trouble never ceases. If, perchance, a union does not want to strike the Alliance is sure to force it Often, too, the uniors, unmindful to take the step. Is Thus, there double liability to disturbances. List will be remembered, there was a strike of the the Alliance, strike independently. of always a March, It and bricklayers which lasted several weeks and which the next month fortunately was settled by an agreement to refer the matters in dispute to arbitration. If the employers adhere to their determination to oppose the Alliance, we see no reason why they should not In the end succeed. Certainly there was never a better time than the present for making the attempt. If they beat the Alliance they will be rid once and for all of the harassing state of things which laborers has so seriously impeded building operations the last two years and tended to undermine confidence in the The entire business community is interested in the movement and will wait anxiously for The present situation la Intolerable the outcome. future of trade. and its continuance a menace to the whole industrial fabric. THE TON-MILE In the report in which it UNIT. replied to the inquiry of the United States Senate concerning changes in raileffect upon the carriers' revenues, Commerce Commission repeated a statement that has been so frequently made that it la to be feared it may pass into general acceptance with- way rates Board of Governors of the Building Trades Employers Association on Aug. 4 took measures of self defense and declared a lock>out against all the unions in the Alliance, to go into effect at once unless the men on strike in the Subway and on various buildings throughout the city should go back to work immediately. The Alliance retaliated by ordering more strikes on buildicgs In which the members of the Building Trades Employers' Association were interested, and the latter then as a final step on Aug. 13 issued an ultimatum declaring that if the men In unions now on strike do not return to work on the jobs on which they have struck on or before the morning of Augnst 22d, then the members of the Association will proceed to work with such mechanics as are the city building operations are at a standstill. currency. and their Inter- State out any real scrutiny. This statement, as formulated by the Auditor of the Commission, is as follows : "It may be said that there is a constant tendency toward an increase in the percentage of the tonnage of lowgrade freight, so that if there had been no advances in rates or classification since the year ending June 30 1899, it is safe to say that the average rate per ton for each of the subsequent years would have been somewhat less than for that year." In other words, the Commission believes that the change in the char- between 1899 and 1903 was such that had every rate schedule remained as it willing to take the places of the strikers. Since that was at the beginning of the period, the averai;e repreannouncement the warfare between employer and senting receipts per ton per mile would have declined. employed in the building trades has been growing in This contention is important if it is true; if untruei bitterness, and practically everywhere throughout the its fallacy ought to be exposed before it gains further acter of the traffic carried We have no doubt the argument is made in perfect The ultlmatam of the Employers' Association has been construed to mean the adoption of the open- sincerity, but to any one at all conversant with railshop. We see such a purpose is denied by the road affairs and industrial conditions It will be evident on a moment's reflection that there is a weak element in it. Remember that the Auditor of the Commission does not say that the percentage of lowclass freight is higher than It was twenty -five or thirty years ago. That might raise a question that could not be answered offhand. He confines himfielf entirely Alliance or to the period rence of trouble, except by weakening the "since the year ending June 30 breaking it up altogether. This could be done by 1899," and says that in this period there has been "a is no concealment of the Building Trades Alliance, which Is nothing more than a union of all the other unions. We thick the employers are fully justified in the step they have taken. In fact, we see no way in which they can secure relief from the constant recur- employers, but at least there hostility felt against the inducing the unions not in sympathy with the present constant tendency " towards an increase in the perThere are centage of low-grade freight, with the result that " if strikes to cut loose from the parent body. many different unions, as already stated, in the there had been no advances in rates or clasaifioation*' " As is the average rate per ton mile "for each of the years various branches of the building trades. known, too, the work done in erecting buildings and subsequent to 1899 " would have been somewnat less finishing them is so related and inter- dependent that than for that year." The question therefore arises, what was going on In when the members of one union stop work, the members of most of the other unions, even if they do not business affairs in the four years from 1899 to 1903 — THE CHRONICLE. 706 . I Vol. Lxxix. been ''a constaDt teudency whole. lu 1899 there were three ot liieuu aivisiuus in toward an Increase In the percentage" of low-grade which the average receipts per ton per mile w^re lower freight year by year f The period referred to was one than six mills, the range being from 5*29 mills in The lowest of great industrial activity wlthGut a parallel in that Group III to 6-94 mills in Group IV. country average truthfully say, mills and the respect, we may for any other group was 8 07 even in this and the increase In the quantity of low-grade frei&;ht highest 11*36 mills. The average for the entire counarising from that prosperity was o! really noteworthy try was 7*34 mills, the lowest of any year in the dimensions. Bat it does not follow from that that history of the American railway system. the ratio of low-grade freight to total tonnage was Complete fii^ures for the year 1903 have not been made thereby Increased. long The low-grade traffic has public, but it is known that the average revenue formed a preponderating proportion of the whole, per ton of freight per mile for the entire country was and hence even to maintain the old ratio these classes 7 63 mills, an insignificant advance over 7 67 mills, of tonnage would have to Increase very much faster the average of 1902. Comparisons between 1899 and In quantity than the other classes. It is this fact oi 1902 are therefore likely to serve with sufficient aca great expansion in the quantity of low-class tonnage curacy to portray the changes from 1899 to the presthat is most manifest to the eye, and we fear it was ent date. that circumstance which led our friend into thinking In 1899 66'46 per cent of the traffic movement of that it meant an Increase in the ratio such traffic the United States was within the three groups where bears to total traffic. rates were lowest, none of which had an average of Obviously an increase in the percentage of low- receipts per ton per mile as high as 6 mills. From 1899 to 1902 the ton mileage of the country increased class freight would involve a redaction in the per centage of high-class freight. As it happens, circum 33,622,112,900 (27*19 per cent) and of this great stances and conditions do not afford warrant for belief Increase 6152 per cent went to the groups in which in such a reduction. High-class freight consists of the average in 1899 exceeded 8 mills. The business merchandise, manufactures and miscellaneous articles of the three groups having low rates grew but 19 36 and commodities, the most of them of considerable per cent, while that of the seven higher groups grew value in regard to bulk, and therefore able to stand almost twice as rapidly, or actually 36*93 per cent. high rates, since the transportation charge, even at Thus changes in the geographical distribution of such rates, can constitute only a small part of the cost traffic, which can easily be traced in the Commission's of the goods at point of delivery. Dry goods are one reports, would have resnlted in a higher instead of a of the items of high-class freights. Manufactures lower average rate per ton per mile "had there been no and finished goods generally fall In the same category. advance in rates or classification." What controls the volume of the shipments of these The exact value of this change can be measured by goods? The demand, of course; and this demand using the traffic movement of each group in 1902 as a naturally varies according to the consumptive require- "weight" to be applied to the average ton- mile revements of the population. These requirements in nue of the same group in 1899, and thus obtaining a tarn are dependent npon business conditions upon weighted average. Such a calculation shows that the whether labor is fully and proficably employed and more rapid growth of traffic in the regions where rates npon whether manufacturers, merchants and pro- are highest would have accounted for an advance of 0*13 mill to 7*37, or to more than one-third of the ducers are making money or not. actual rise. It is within the range of knowledge of all our read Beyond the changed distribution of traffic there is, era that during the fonr years in question all classes Wage however, a great deal of evidence that the ton-mile of the population were extremely prosperous. earners had no difficulty in finding employment, and unit is moving upward rather than downward in qualmany of them worked overtime. Their rate of pay ity. The opinion to the contrary is based primarily was increased again and again in fact they could npon the Importance of mine products in the aggrecommand their own terms. Manufacturers turned gate tonnage of the country. The notion that this out more goods than in any previous similar period in great class, which represented 51*47 per cent of the Merchants and traders in country's railway traffic in 1899 and 52*36 per cent in their business experience. correspondingly, while the farming L902, is carried at the lowest rates, is not supported creased their sales community has not even yet encountered any set- back by the facts. Oae fifth of it is anthracite coal, which In brief, everybody was is charged for at rates that considerably exceed the In its long era of good times. In such a general average of the country, while more than a in condition to buy on an extensive scale. state of things, is there the least likelihood that the quarter moves in those portions of the country compercentage of high class freight shipped over the rail- prised in groups VI, VII, VIII, IX and X, in which roads woald fall off P Is there not rather every reason traffic conditions siill require rates considerably above for thinking the ratio would increase ? We shall show the average. Generally speaking, the classes of traffic which below that it actually has increasad. While these are general observations, they find full move at the lowest rates are farm products, including support in a study of the statistics as far as they are both vegetable and animal products in that designaOf all the traffic changes tion. This class of traffic has not grown, and in the available for the purpose. which take place, those in the territorial distribution nature of things could not have grown as rapidly "Products of agriculture" supplied 11*33 as others. of tonnage movement are most accurately and com The per cent of the railway tonnage of 1899 and bat prehensively portrayed in published statistics. Commission's own statistician long ago adopted a 9*23 per cent in 1902, while during the same years the proportion supplied by "produces of animals" fell geographical classification of the data which he com Manufactpiles, and the averages in which his conclusions are ex- off from 3*1S per cent to 2*64 per cent. pressed are presented for each of ten great divisions ured articles, which made up but 13*45 per cent of all of the country as well as for the United States as a tonnage in 1899, and move at relatively high rates. that there should have — — — Aug. THE CHRONICLE. 20, 1904.] 707 supplied 14-49 per cent of the total in 1902. These data clearly tend toward a conclusion diametrically opposed to that quoted from the Commission's report. daitsd August. 11 and u is admUted tnai ac tnat date spring wheat had already sustained serious damage throughout the Northwest from rust, with the possi- statistics are not available, the west- bound traffic baa since that well known fact 1899 grown so as to constitute an unprecedentedly heavy proportion of the total is also strong evidence Skill, the opinion is exextent of the damage has been overpressed that the As to the other crops, the accounts are estimated.' East bound movement is comIn the same direction. paying relatively low rates ; freight low-grade of monly 16 per cent better, oats 19 per cent, rye 11 per cent, Although detailed higher grade and pays The contention of the Comrelatively higher rates. mission is distinctly " not proven." west>bonnd movement is of bility of still further injury. exceedingly favorable. and cotton 14 per cent better. In many sections, farm lands are increasing in value and almost without exception the agricultural community barley 20 per cent is said to be prosperous. With reference GENERAL BUSINESS, BANKING AND CROP Corn, we are told, will average to the condition of trade at interior points, business in the larger cities in most lines is and reports show a falling oS in CONDITIONS. volume as compared with last year. New enterpriseSj Obviously, at this season of the year every one is as one would expect in existing circumstances, do not interested in getting correct information regarding appear to be very numerous. A majority of banks, it the growing crops and the state of general business. is stated, made no reply to that question, while about Many parties and not a few financial Institutions hence one-half of the remainder reported no noteworthy en- make it a practice to send out letters of inquiry, be- sides availing of other data, in upon which methods for securing reliable to base estimates as to the situation these regards. The facts thus obtained are not always given publicity, being collected in many cases stated to be quiet the past year. The South, an exception to the rule. Although information is not sufficiently complete to admit of accurate conclusions, Mr. Eckels thinks IS; safe to estimate that at least $100,000,000 has been invested in new industries in the South during the year. A very large proportion of these investments has followed as the direct result of the high prices realized terprises started within however, is guide to those for whose enlightenment the The most elaborate and is conducted. comprehensive scheme of this kind which has come to our notice is contained in a pamphlet just issued by for last year's cotton crop. We notice a slip here, as the Commercial National Bank of Chicago, of which the summary speaks of the '^splendid crop of cotton James H. Eckels, formerly Comptroller of the Cur last year." In slz9, of course, the crop was a small rency, is President. The pamphlet is neatly gotten one. The present year, according to current indiIt gives cations, the crop will be a large one, and with prices up, and comprises eighty pages of matter. much information on the subjects covered, there being good the further and rapid industrial development of reports from every county in all the States embraced the South appears assured. ln;the investigation. Last year, it will be remembered, There is a brief reference to the impending political we made reference to a similar compilation issued by campaign, and the statement is made that this does the same institution. not appear thus far to have caused any apprehension President Eckels points out that this annual inves- among business men; furthermore that there is not tigation was originally undertaken by the bank for its observed anywhere an unusual amount of caution or own benefit, the object being to gauge accurately in conservatism traceable to that influence. With asadvance the extent of the demands which legitimately surances of good crops, the only cloud upon the busimight be made upon the resources of the bauk for the ness horizon is found in the labor situation. Hence, purpose of harvesting and moving crops to their prim- the final conclusion is that "if labor conditions were ary markets. The information is obtained from the more satisfactory at the industrial centres, there correspondent basks of the Commercial National, would remain no obstacle to general conditions of Emphasis is laid upon the fact that the banker in each good business and prosperity." community, however small, must of necessity know thoroughly the conditions in his own locality. Such EARNINGS knowledge is vital to him, and for that reason he may RAILROAD GROSS FOR JUNE. with certainty be depended upon to possess it. The territory covered by the Commercial National In its For the first time this year we have a monthly cominvestigation embraced the portion of the United pilation which shows an improvement in net earnings States lying between Ohio on the East, Kansas and as compared with the corresponding period last year. Nebraska on the West and extending north and south The gain, too, reaches a quite considerable amount, from Carada to the Gulf in brief the region drained aggregating 12,300,388, or 9*35 per cent. The imby the Mississippi Elver and its principal tributaries. provement follows almost entirely as a result of This territory constitutes the section upon which tha greater economy in operations that is, as a result of commercial and industrial enterprises of Chicago a reduction In operating expenses thus bearing out solely as a investigation AND NET — — largely depend. At mentioned there is the same time, within the limits comprised a very large proportion the agricultural resources of the United States, and hence the results obtained are of interest to the of cotton ment whole country. — the expectations which have been entertained of a saving in the expense accounts. With general trade inactive, the iron industry in a state of depression, the movement In the South and the grain moveWest both smaller than a year ago, and in the well informed opinion generally. with the masters' and pilots' strike on the Great Lakes operating to restrict tonnage over a large body of roads, any considerable gain in gross revenues was oat the wheat crop of the question. Our readers are concerned only as to the general conclusions reached. These are in consonance with As regards the cropS; the only leading production as to which the accounts are unsatisfactory. The report is is gross amounts As a matter of fact, the incroase in in the aggregate to only $842,431 (or — ) . THE CHRONICLE. 708 penses. 1904. 1903. $ $ June {80 roads)— 87,298,783 Grose earnings Operating expenses.. 60,404,300 Net earnings 26,891,483 P.cl. Inc. or Dec. 86,656,352 62,062,257 $ +642,431 —1,657,957 0-74 2-67 24,594,C95 .t-2,300,388 9S5 [Vol. Lxxix. than $3:^6,233; the Southern Railway had $128,148 gain in gross but enlarged expenses by $191,689. In the following we show all changes on the separate roads for amounts in excess of $30,000, whether gains or losses, in both gross and net. bat a Iraotlon of 1 per cent) and the difference between this amount and the I3,300|388 gain In net earnings shows the extent of the decrease In ex- We .) PRIHOIPAI. 0HA.H0B8 IH Atch.Top. say the saving In expenses here recorded Is <h Santa Fe. Hock Island Co M*. Kans. & Texas... Wabash In accord with cxpectatlonp. As previously pointed out by ne, a reduction would have occurred much earlier such In the year except that special circumstances Canadian Paolflc Mo. Pao. * Iron Mt. ) Central Branch... S UmiOB Paolflc Chesapeake &, Ohio. .. Chicago A Alton — as the extremely low temperatures GROSS A.BHIirOB Sr. Trunk Railway... Southern Railway and the severity of 962^,861 4P0.537 312.741 308,282 264.255 235,337 215,816 212,666 208,211 131.980 128,148 95.231 91,794 76,483 64.267 !!• JVNB Increaaea. Wash. Increanes. Phil. Bait. 930,200 . . . <fc Total (representing 17 roads) 93,494.80* Decreaaea. PennsyL BR. 91,621,800 455.528 184,725 171,878 135.340 106,080 63.334 61,599 44,819 41,222 (2 r'ds)! Baitlnaore <1 hlo Ohio. Mil. <k8t. Paul.. Hooking Valley LoolBvUle <fc NasbvlUe Colorarlo <k Southern. nilnolB Central Wheeling * L. Erie. . . Duluth So. 8h. A. Atl.. Atlantic Coast Line.... MobUeAOblo time being very greatly Tol. St. L. & Western. Kan. City Southern.. to the running expeises of the roads. With the extra t)t. L. & San Fran Ohio. A East 111 :::i oni lays on this account a thing of the past, we are Total (representing 92,889,82S 11 roads) now beginning to see reflected the normal tendency These figures oover only lines directly operated east and west of of expenses, which would naturally be towards a lower Pittsburgh and Erie The (cross on Eastern lines decreased $l,05O.8M basis In times of shrinking traffic like the present. and the gross on Western lines decreased 9574,500. PHIMOIPAL OHAHOKS IM NET BAHNIN08 IN JUNl To demoQstrate how greatly the situation as to exIncreaaea. Inereasea. penses has undergone alteration the past fe^ months, Wabash BR 942,500 9425.139 W. Jersey & Seash 41.844 Atoh. Top. <k Santa Fe. 379,708 Chla.MU. ASt.Paul.. we present the following table. It shows the changes Hiand Trunk By 38,961 329.709 Ann Arbor Rock Island Co 30,690 307.117 Minn. St. P. & S.St. M.. (whether Increases or decreases) In gross, In net and Me. Kans. & Texas... 293,509 Pennsylvania Syst, Total (representing ooc qnn ^^b,dOO In expenses, for each of the six months. 93,441,588 (2 roads)! 24 roads) \ the weather — added for the t Vhanges from 1903 January February -$4,847,915 + + March AprU May — - June + It will be observed 3,412,515 287,427 2,696,795 2,463,288 642,431 Operating expenses. earnings. —$8,09^639 — 2,337,568 — 3,662,363 — 4,031,830 - 2,993,868 + 2,300,388 +$3,247,724 + + + + - 5,750,083 3,949,790 1,334,735 530,580 1,657,957 from the foregoing that June is the half-year which actually only month of records a decrease in expenses. the , Net Gross earnings. Increase ( + ) Decrease (— Can adlitu . In all the preceding Pacific Central of Georgia Illinois Central UaloB Pacific Chicago & Alton Uorthem Central Chesapeake <b Ohio. Kansas City Southern 8V L. A San Fran... > & E Illinois \ Mobile AOhio Phil. Bait. & Wash St. Jos. & Grand Isl'd. TaL St. L. & West Ohio. 203,856 174,119 134.258 104,183 102,003 101,200 87,226 85,769 <70 9i>i 7»,-sio 73,706 70,800 54,746 50.425 Baltimore <fc Ohio $528,024 114,432 110,895 age an »".»»• Hooking Valley Atlantic Coast Line... Bfo. F»o. <& Iron Mc. > Central Branch... { 82,f61 63,541 57,726 38,304 NorfoIkAWestern.... 8»nthem Railway Seaboard Air Line Duluth So. Sh. & Atl.. Total (representing 9 roads) 91,086,679 t On the Pennsylvania RR. the net on lines directly operated east of Pittsburgh and Erie Increased 9195,900 and the net on Western lines Increased 930,400. months there was an augmentation in the expense That there was a general tendency toward lower accounts. In February, when the weather was ex- expanses becomes quite manifest when the roads are tremely bad, the amount of this augmentation was arranged in groups according to their geographical very heavy, reaching 15,750,083. In March the in- location. In that case there is an improvement in crease was still large, namely 13,949,790. After that, the net of every one of the groups, though as regards however, the additions to expenses were rapidly re- gross three of the groups show losses, one of the three duced, being for April only 11,334,735 and for May a loss for quite a large amount. Moreover, in those but $130,580, while now for June, as already stated, instances where there is an increase in both gross and there is a ^^srease in the considerable sum of net, the ratio of the improvement in the net is much the larger in nearly every case. $1,657,957. The Pennsylvania Railroad Oompany has been the main source of the saving in expenses disclosed in the June totals. Taking the lines directly operated both east and west of Pittsburgh and Erie, tnls system with $1,624,800 loss in gross earnings, was able to show a gain of $226,300 in net earnings. However, there are numerous other roads which effected large reductions in expenses. Thus the Central of Georgia, with only $773 decrease in gross, reduced expenses by $174,893; the Illinois Central, with $83, 334 decrease in grosp, cut down its expenses in amount of $197,592; the Chicago Mll»iraukee $184725 and St, Paul UMKABT BT BKOTION OB GBOUF. QroM Bamino*. 1004. Jwu. Trunk OBOCPS. t 26.760,066 1»08. Sit Xamint*. 1904. InctrOtc 1008. t 1 1 28.400,412 8,524,548 8.07.S,778 t P.O. 5-M Anthr. CoaU.il a642.878 n842,705 a849.8S7 at29,64« Bast. & Mld.(10 Uid. We8t'n.(iB 3,486,08^ 3,448,191 1,198.337 1,018,870 7 2«3 11« 1,888.186 (8) 6.339.3t3 7.282,164 6.541,057 8,090,881 NortbwMt'n 1,688,064 North P»clflo(8 South w«it«m i 8.636.213 9,133,761 8.481,208 1.B43.B17 8.18«,8V8 +i»0.773 +t'.lM7 +170,t67 +80e,19» +»4,^37 •H04,S18 South. Par. 13) ie.97-',652 15.283.004 4,701,218 3.674.819 +1,026,399 17,822,932 16,98 1,06' 6.01»,90l 4,e:t8,80; +88.007 0-«4 87,2».-'.783 8fl.666.38i 26,894,48$ 14,594 ,096 +8,300.888 •'80 1,EO8.02O 1.618,7i» 538,013 688,170 — 43.a«« r48 llnei. i6 Southern ToUl ...(84 (EOr'dg. Mazlcaa. (8) 8-70 1777 10^1 Oil 9-83 8r04 lost in gross, but saved $226,569 in expenses; the Louisville & Nashville fell $135,340 behind in gross, but was able to offset $127,633 of this by lower ex penses; the Northern Central (one of the controlled roads of the Pennsylvania E»llroad but separately operated) makes an even better showing, for with $20,200 gain in gross it decreased expenses $81,000, giving $101,200 Increase in net. Of course there are instances of the other kind that Is, where expenses heavily increased. The Mis sourl Pacific and the Soathern Railway form types of this class. The Missouri Pacific added $286,337 to gross, but at the same time increased expenses no less a These figures are merely those of the N. Y. Out. 4 Western ; the Other roads of this group not harlng as yet Issned their reports fo^^ Jnne. The reader is of course well acquainted with the comparison is with earnings last year and the years before, which had shown large and consecula the following tive Increases in both gross and net. we give the June totals back to 1893. It should be fact that pointed out that In June a number of the roads usually contributing returns are nearly always missing, due to the circumstance that June is the of the fiscal year and the returns are withheld In order to Incorporate any necessary correc- this beiog closing tions month before closing the accounts for the twelve » : . Aug. THE CHRONICLE. 20, 1904.] months. Among the more Important roads misfiing this time may be enumerated the various anthracite coal roads, viz., the Reading, the Central of New Jersey, the Lehigh Valley and the New York Saeque hanna & Western— the New York Ontaiio & Western being indeed the only road In this group from which we have had the Jane return. The Southern Pacific, the Erie, the Wisconsin Central, the Danver & Rio Grande, the Chicago Indianapolis & Louisville and the Chicago Great Western are some other roads which have not yet furnished their June statements. Jndg ing by past experience, some of these statements will be delayed for a good many weeks. r»ar ffroM Barninoi. 4; Wo.«/ rear Ttar ro»ds. Qiven. Prtcedint. June. $ IKHlWi S8.899.e-'6 * 03.436,487 •91(1231 8^,307.770 40.907.027 >96il37) 46.430,565 43.S98.786 •06(181^ 48,302.08^ 46.338.eiVS •97(X0t 48,«80,991? 47,014.545 '•6(116) 50,274,300 '00 (05) 65.978,06- 46.902.866 48.138.S23 •00 (99; 67,838,617 60.652,419 •1 78.026.18i 72,941,818 76,866,499 'OS (861 82,99e.18& 81,063,17r 70,486.646 '04 (80) 87.208.783 86,656.353 (04) '08 (8i) . li$t Earntnts. Tear Tear PreceMno. Iricreaae ot 17,403.487 1 16,846,196 11,022.313 16,738,390 13,fl90,9l3 12.128,028 1 +1,058,292 —4.710.077 +1.571.985 18,814,29» 14,371,91S 13,278,393 18.12.',127 14,943.497 11,046,315 +7,841,24!^ 17.856,967 +7.281,828 +5,084,315 +6,131.806 +10,617,681 +648,431 21,848,152 14,088 60b 10,6e8.5S6 Inereate or Decrease. « +1.488.498 —10,689,857 +2.881,829 +1,978.474 +1,638.447 +3.371.834 Qiveti, $ 26,833,611 23,:S18,642 26,679,487 26,155.684 32,106,804 84,584,006 28,938,025 2!),«94,483 Decreaet. +640,1(06 +1.251,701 +898.183 +3,787,4*9 +2.176.687 +2.004,989 +1,823.903 +1,882,181 +8,800,388 09 28 from |2,500,000 to $1,000,000, was sold at 4^11%. The last previous sale was made in June, before the reduction of the capital, at 225)^. BANKS— Yew Tork. Share* 25 Chatham National Bank *100 City Bank, National 342is 265 388 10 Corn Exchange Bank Tbost Companies— iiTcM lork. 25 Trust Co. ol America 10 Windsor Trust Co * La»t previous Male, Aug. 1904— 337 Ang. 1904— 263% May 1904— 345 Price. 477i« June 1904— 225^ 161 Feb. 1904— 2001* Sold at the Stock Exchange. —Messrs. Harvey Fisk & Sons of this city have this week into their magnificent new banking, house at 62 and 64 Cedar Street. The structure is in keeping with the standing and position of the concern in the financial world. The moved building's exterior, six stories high and Italian Rennaissanoe in style, is of white marble, while the interior decorations and finish are of bronze, mahogany and marble. The reoeption rooms and the private offices of members of the firm are situated on the main floor. The working staff has accommodations in the spacious mezzanine galleries overlooking all sides and can be of the banking room, which is 25 feet in height brilliantly illuminated, if necessary, with huge In addition to a private lift two of the latest pattern safety appliance elevators near the entrance connect In the upper part ot the building the firm has all floors. fitted up a large library and a statistical department with financial works of reference. On the same floor there is a modern kitchen, with dining rooms, shower baths and rela the basement the concern has established tiring rooms. electric lights. an immense vault of the most approved pattern for the safe In the above we deal entirely with the roads which keeping of its books, securities and other valuables. The publish returns of both gross and net. There Is ventilating, filtering and cleaning plants, each models of another body of roads which furnishes returns as to ingenuity and usefulness, are special features of the new home. The firm of Harvey Fisk & Sons was founded March gross but not as to net. la the following we unite the two, affording a as far as the gross still Is concerned. Nassau REPOBTma GROSS BUT NOT NET. BOAJOS June. 1904. Beported abore (80 roads) 9 1903. $ 87,298,783 86,656,352 180.277 80,687 98,124 60,030 592,94/ 434,910 4,380,557 851,696 183.0496,93C 88,97' 61,2(6 587,059 423,94e 4,798,729 Ala.N.O.&T.Pa«.N.Orl.&No.Easfc Alab & Vicksb... & P. Vlotcs. Shrev. Atlanta Knoiv.&N. Chio. Gt Western.. Chio. lad. LoaUv. OWo. & & M &Om North Weet. Ohio. 8t. P. Ohio. Term. Transf. Denver Rl* Gr... Detroit Southern... 96,097 996.086 142,834 1,370.800 130,711 Great Northern—) St. P. & M. M... V Eaatof Minn 3,933,517 3.376,188 Toron. Ham. *Bufl. Wisconsin Ceatral.. 186,826 25.161 391,457 418,096 8.686 *6.370,052 4.041,842 1,005,982 561,010 265,948 170,93* 61,387 739,424 9,000 56.350 548,700 171,459 12,764 421,088 466,026 10,137 6,724,770 4,245,950 913,332 536,930 198,170 173.896 62,768 778,751 10,000 47,548 606,794 Total (lOS roads). 113,351,491 114,280,176 & . Montana Illinois Southern... No. Lake Erie A West'n MaooD & BIrmlnKh. Internat'l <)E^Gt. Y Oent&HudB. N. Northern Paolflc.... Pere Marquette St. LoulB Southwest. . . Tanrt.&T H. Terre Haute & Ind. Terre Haute & Peo.. Texas A raoWo Tex. Sab Val.&N.W. 8t.L. Met dec. (0*81 * 126,701* 1.363,50( 'i Central. Boagk approximation —We have received a proof of the program for the coming convention of the American Bankers' Association. The conBeereasc. vention, it will be remembered, is to ba held in New York $ $ City on September 14th, 15t;h and 16th. The session of the 642,431 Trust Company Section will be held in the Grand Ball Boom 2,770 6,243 of the Waldorf-Astoria on September 13th at 10 o'clock a. m. 9,16C while the meeting of the Savings Bank Section will be held 1,366 5,883 in the Myrtle Room of the Waldorf-Astoria on the afternoon 10,96* 416,172 of the same date at 1 P. m. The regular convention will 144,390 begin its deliberations the next day (Wednesday, September 16,131 7,300 14th,) and the sessions will be continued through the follow34,614 ing two days, September 15 and 16. The program is as 442,671 follows First Day— (Wednbsdat). 15,367 12,407 29,611 52,931 1.552 354,718 204,108 92.7 34,080 67,773 1,962 11,431 39,327 1,000 8,80i 60,094 899,607 1,828.291 only, It Will be seen from the foregoing that by including the roads which report only as to gross, we get a small decrease in gross for the month of Jane that — or 0'81 per cent. However, this follows $14,366,235 or 14'66 per cent Increase In June 1903 over June 1902. Is, $928,684, ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8. —The Convention called to order at 10 o'clock a. m. by the Pieaident, Mr. F. G. Bigelow. Prayer by the Right Rev. Bishop Potter, D.D., h.L. D. Roll call. Address of welcome to the City ot New York by the Hon. George B. McCle Han, Mayor. Address of welcome to the American Bankers' Association by Mr. James Stlllman, President New York Clearing House, on behalf of the bankers of Greater New York. Reply to addresses of welcome and annual address by tke President. Mr. P. O. Bigelow. Annual report of the Secretary, Mr. James R. Branch. Annual report of the Treasurer, Mr. Geo. F. Orde. Report of the Auditing Committee. Report of the Executive Council by the Chairman, Mr. John L. Hamilton. Report of the Protective Committee. Report of Committee on Fidelity Insurance. Report of Committee on Currency Legislation by the Ohairman, Mr. James M. Donald. Report of Committee on Uniform L;iws by the Chairman, Mr. F. B. Traoy. Rpport of Committee on Bureau of Education by the Chairman, Mr. J.B. Flnley. Report of Committee on Bank Money Orders by the Chairman, Hon. A. B. Uepbnrn. Practical banking questions. .4 bank stocks this week aggregate 185 shares, of which 100 shares were sold at the Stock Exchange and 35 shares at auction. The transactions in trust company stocks reach a total of 85 shares. Ten shares of stock of the Corn Exchange Bank were sold at 388— an advance of 43 publics sales of points over the price paid at the last preyioua sale in May. lot of 25 shares of stock of the Trust Co. of America, whose capital was reduced by vote of the shareholders on June A Street. Increase. 928,634 p. 0.) & Hatch. 26 1885, succeeding the old-time houee of Fisk years past the concern has been located at 29 more comprehensive exhibit For many rfrfr«M on "The Money Bltuation," by Hon. A. B. Hepburn, PresiNew York City. dent Chase National Bank, Second Day— (Tiiubsday). Convention called to order at 10 o'clock a. m.. by the President. Prayer by Monslgnor M. J. Lavelle, St. Patrick's Cathedral, VloarOeneral. Announcements. Practical Banking c^aestlons. Address on 'KmerKenoy Circulation," by Mr. A. J. Frame. President Waukesha National Bank, Waukesha, Wis.) . THE CHRONICLE. 710 Addren on "The Western Banker," by Mr. W. O. Robinson, President National Bank, Wlufleld, Kansas. Address on "Banks and Trast Oompanles," by Mr. Eugene E. PrusBlng, Chicago, Til. THIBD DAT— (FBLDAT). Unflnlshed business. Praetloal Banking Questions. Address on "Credit Indemnity, and Its Value to the Banker," by Mr. W. E. Schweppe, Manager Bankers' Department of American OredltIndemolty Co., St. Louis, Mo. Address on "The Strength and Weakness of American Finance," by Hon. Ellis H. Roberts, Treasurer of the United States. Continuation of discussion of Practical Banking Questions. Report of Committee on Nominations. Elections Installation of officers elected. On Wednesday a reception will be tendered to the delegates and ladies in the Grand Ball Boom, Astor Gallery, at 8:30 p. m. On Thursday and Friday evenings a theatrical performance and a trip to Lana Park, at Coney Island, will be enjoyed, and trips will also be made to Lana Park on the afternoon and evenings of those days. Tickets have also been secured for the Museum of Natural History and the Museum of Art. —General Thomas L. James, President of the Lincoln National Bank of this city, sailed on the SS, "Campania" August 13 for an extended trip through Europe and the ContiMrs. James accompanies him, General Jam?s will nent, return in October. it is stated, to an embezzle- — Mr. David Baird was on Wednesday elected President John F. Convention called to order at 10 o'clock a. m., by the President. Praver by the Rev. J. M. Farrar, First Reformed Church of Brooklyn. —The 1903— about a year ago—owing, ment by the Cashier. last Starr, of Camden, N. J., to succeed Mr. whose death was announced in these columns the First National 0*11 of States. Metropolitan [Vol. LxiKiy. Bank of week. —The meeting of the stockholders of the Ki ystone Bank stated in our issue on July 23— was to have been held on August 16th, to vote upon the proposition of converting the institution into a national bank, has of Pittsburgh which— as been postponed to January 3, —Mr. Albert Helm, Cashier 1905. of the German National Bank owing to ill-health, and has been succeeded by Mr. George G. Schmidt, formerly Assistant Cashier. Mr. H. J. C. Brecker, the former paying teller, will take Mr. Schmidt's place as Assistant Cashier. of Allegheny, Pa., has resigned, —The First Mortgage Bond & Trust Company of Chicago has been merged In the Royal Trust Company of that city, the latter having purchased outright th ' assets of the former company. The First Mortgage Bond & Trust Company was organized about eighteen months ago, with a capital stock of $250,000, and did a fairly successful business, with F. W. McKinney as President and H. W. Buckingham, John C. Fetzer and C. C. Broomell as subordinate officers. Mr. McKinney becomes Manager of the real estate loan department of the Royal Trust Company, and thus continnes the exact line of business of his old company under new auspices. Fort Dearborn National Bank of Chicago has recently enlarged its quarters, owing to a rapidly growing busiIts present deposits considerably exceed $7,500,000, a ness. —The Bankers' Trust Company during the past week Frew, Vice-President of the Corn Exchange Bank, to a seat on its board. Mr. Frew's election is new record for this institution. in line with the adopted policy of that company of admitting At the annual meeting of the stockholders of the Amerito membership on its board only bankers, of which it now can Guaranty Co. of Chicago held on Wednesday the followhaa twenty-one, including the active officers of a number of ing directors were elected: Frederick M. Steele, President the largest oommeroial banks in this city and several memStandard Forgings Company, Chicago; William George, bers of private banking houses. This policy of a purely Frank President Old Second National Bank, Aurora, 111 bankers' board excited comment at the time of the organizaM. Heggie, Lepman & Heggie, Chicago; W. F. Barnes, Prestion of the company, sixteen months ago, and its progress has ident Manufacturers' National Bank, Rockford, 111. James therefore been watched with interest. That the policy is a L. Blgelow, Treasurer of the company, Chicago; Duncan A. wise one has been proven by the company's growth in deposHoladay, of J. S. Brown & Bro., Denver, Col.; Lewis W. its and in purely fiduciary business. Pitcher, Secretary of the company, Chicago; B. M. Fellows, —The stockholders of the Phenix National Bank of this Treasurer U. 8. Realty & Construction Co., New York; city received this week a circular letter offering to purchase Charles L. Fnrey, Vice-President of the company, Chicago. one-half of each stockholder's holdings at 107, or all of his Officers were re-elected, viz.: Frederick M. Steele, President, stock at 120 with interest at 6 per cent per annum until date Charles L. Furey, Vice-President; Lewis W. Pitcher, Secreof sale, the offer being conditioned, however, upon the ac- tary; James L. Blgelow, Treasurer. elected Mr. Walter E. — ; ; quisition of 50 per cent of the stock of the institution. The purchasers having acquired a satisfactory amount, giving them control, the offer was later withdrawn. We are in formed that no change in either the officials or the board of directors is at present contemplated. —According to a dispatch from Washington the receiver American Exchange National Bank of Syracuse, N, Y, of the —Mr. W. Schofield— has notified the stockholders of an assessment of 67 per cent on their stock. The receiver, it is J. stated, estimates the losses of the institution at |381,000. The it will be remembered, suspended on February 11th. bank, —Mr. Noel E. Sisson, Vice-President of the First National N. Y., and a director of the Albany Trust Co., died at his home in that city on August 11, at the age of Bank of Albany, 83 years. —The First National Bank of Saratoga, N, Y., opened for business on Thurs Jay, the impairment of the capital— which compelled the closing of the institution in June-having been made good by the stockholders per^lan given in these columns on August —The 6th. directors of the Freehold Banking Company of Freehold, N. J., have decided to recommend to the stockholders that the institution be converted into a national bank. A meeting to vote upon the proposition has accordingly been called for September 3. The institution has a capital of $100,000. — The Hibernian Banking Association of Chicago will, upon the completion of the Rector " skyscraper " at the corner of Monroe and Clark streets, remove to that location and occupy the entire first floor of the new building. This will bring the Hibernian into the heart of Chicago's banking distiict. — The tenth annual convention of the Wisconsin Bankers' Association will be held at La Crosse on August 23d and 34th. Several interesting papers will be read, among them being "The Group System—is it practicable and desirable for Wisconsin," by Geo. D. Bartlett; "A Necessary Vocation," by J, A. 8. Pollard; "Our Financial Policy in the Pacific," by Congressman John J. Each, and "The Work of the American Institute of Bank Clerks," by John Penlicher. The guests of the convention, including the ladies, will enjoy a steamboat excursion on the Mississippi River on the 23d. On the 24th a carriage ride about the city and to Pettibone Park will be a feature of the entertainment. —The consolidation of the Lincoln Trust Company and the Missouri Trust Company of St. Louis, which was at first denied, is now in process of completion. A new institution, to be known as the Missouri-Llnooln Trust Company is to be organized, with a capital of $8,000,000, the charter of the Missouri Trust Company being used for the purpose. Stockholders of the Missouri Trust Company are to receive one share of the stock of the new company for each share now held, while the shareholders of the Lincoln will be given time being 10 per half a share of the stock of the new institution and $155 in cent, is being paid to depositors of the Navesink National cash "or its equivalent" for each share of stock held. A Bank of Red Bank, N. J., by Receiver John W. Schofield. report states that certificates of deposit, half due in six This makes a total of 60 per cent paid to date. It is expected months and half in one year, will be issued in part payment that a final dividend of about 17 per cent will be paid in a for the $155 to be paid in cash or its equivalent. few months. The institution suspended on August 14th A new board of directors of twenty-five members, con- —A third dividend, the amount this Aug. THE CHRONICLE. 20, 1904.] -Mr. Gt. M. Harcourt has resigned as Cashier of the Merchants' National Bank of Houston, Texas, to devote his attention to other business. Mr. Thomas C. Dunn has been elected Cashier to succeed Mr. Harcourt, while Mr. C. Gt. Pillot will fill the vacant place on the board of directors. Mr, Dunn was for many years Cashier of the private bank of T, W. House of that city, and brings with him the experience of many years' efficient service in the banking business, and a wide acquaintance both locally and throughout the of members of the oil boards of the constituent companies, will ba elected. Mr. Aug. Schlafly, the former President of the Missouri Trust Company, will, it is understood, become President of the consolidated institution, while Mr. A. A. B. Woerheide, who was President of the Liu coin Trust Company, will become Vice-President of the sisting Missouri-Lincoln Trust Company. The new 711 institution will occupy the old quarters of the Missouri Trust Company at Seventh and Olive streets. —As State. announced last week, the second annual convention American lostitute of Bank Clerks will be held Aug. Quite an elaborate program has 25, 26 and 27 in St. Louis. day papers will be read on the first On the been arranged. _ of the Congress of Accountants.— At a meeting held last Wednesday, the special Committee of Public Accountants who are preparing a paper on the important subject of following subjects: "Municipal Accounting," to be read at the Congress of Ac"Railroads," E. L. Abbott, New First National Bank, Colambas, countants in St. Louis next month, discussed the several Ohio; "Coal," J. A. Stanton, Feder, Holzman & Oo., Clnolnnatl, Ohio, sections of the paper that had been prepared. The scope of "Cotton," K, S. Marshall, Merchants' & Planters' National Bank, Northis paper, which will be one of the most interesting and folk, Va.; "Textiles," William McOnllooh Branch, Industrial Trust Co.; Pawtacket, R.I.; "Fruit," Rejinah Morrle, International Banking Cor- valuable features of the Congress, was determined upon and poration, Ban Francisco, Cal. a plan arranged for carrying it out, Hon, James Y, Player, The second day's business will comprise the following Comptroller of the City of St. Louis, will open the discuspapers: sion, and several other comptrollers have accepted the Fed"The Lake Trade," 8. T. Nivllng, Columbia National Bank, Buflfalo, eration's invitation to attend the session and take part In the N. Y.; "The Cereals," George Lang, George B. Lane, banker, Minneapolis, Minn.; "Tanning," Gerhard Fischer, Milwaukee National Bank, Milwaukee, Wis.; "Banking," J. O. Martlne, National City Bank, New York; "Insurance," Arthur H. Cooley, Security Co., Hartford, Conn.; "The New United State* Mint at Philadelphia," Ohas. F. Tlerney, Central National Bank, Philadelphia, Pa. On debate. The Literary Committee has unanimously awarded the by the Federation of Societies of Public Accountants, for the best essay on "The Mode of Conducting an Audit," to Mr. Walter A. Staub, C. P. A., In the emprize of $50 offered The terms of the competition must be clerks occupying salaried ploy of a Philadelphia firm. the third day the papers will be: "Shipping," Edward R. Krueger, WlUiBmsburg Trust Co., Brooklyn, N. Y.; "The Panama Canal," George W. White, National Metropolitan Bank, Washington, D. C; "Copper," O. J. Higgins, People's Savings Bank. Detroit, Mich.; "Tobacco," W. Gray Wattson, Provident Savings Bank, Richmond, Va.; "Brewing," Henry G. Bahn, National Exchange Bank, Milwaukee, Wis. were that the jjessayists positions in the offices of public accountant firms. The committee on arrangements for holding the Congress announces that special sleeping cars will be chartered by the [committee to convey the accountants who wish to attend the Congress from New York. It is announced In the evening, at a banquet to be tendered to the visiting that Mr. Francis^W. Pixley, F. C. A., last year's President will delegates, the following speakers respond to toasts: of the Institute of Chartered Accountants in England and FestuB J. Wade, President Mercantile Trust Co. of St. Louis, Mo., Wales, and other guests of the Federation coming from "Trust Company Reserves;" H. H. Werner, President Merchants' Ex change, "The Bank Clerk;" Paul G. Palmer, National Bank Commerce, abroad to attend the Congress, will travel to St. Louis on the St. Louis, Mo., "Banking in the Louisiana Parohase;" B. C. Downey, special train leaving New York September 24. American National Bank, Indianapolis, Ind., "Our Young Members;" Frank J. Belcher, Los Angeles, Cal., of Accountants] "The Golden West;" G. H. Rich- IMPORTS ANDiEXPORTtS FOR JULY. ards, Farmers' & Merchants' Savings Bank, Minneapolis, Minn., "Mutilated Currency;" the Chairman-elect, "The Coming Year;" the Vloe- The Bureau Washington has Issued the country's foreign trade for —The application to convert the Western Bank of Louia- July, and from it and from preylous statements vlUe into a national Institution has been approved, the new vre have prepared the following interesting sumname being the Western National Bank and as indicated in maries. our issue of July 23—the capital has been increased from FOBBiaM TBADB MOVBMBHT OF THB UNITED STATES. (lE the toUowtnir tablet threa olphari (000s) are In alloasei omlttad.l $150,000 to $300,000. The incorporators are Messrs. John - 1903. 190i. Hetterman, William F. Tafel, F. Wm. Vogt, Jacob Doll and M»tt*i. Svportt, Imvorti. MzvorU. Jmporti. Exetu, Ohalrman-eleot, "What My OfSolal Territory tute. What It Will Do." Has Done for the Insti- of Statistics at the statement of — : . . W. B. Smith. —Mr. Allen Rlvrob'dUe. J. Ruffio of the Carolina Trust was on Tuesday elected President Company of Raleigh, N.C., to sucwho resigned to devote his attention ceed Mr. John A. Mills, to other lines of business. Mr. W. J. Hayes, the Cashier of the institution, also resigned at the meeting on Tuesday and was succeeded by Mr. H. F. Smith. Mr. Lao D, Heartt remains Vice-President. —Mr. Ligo Myers has been elected Vice President of the National Bank of Savannah, of Savannah, G-a., to succeed the late Mr. Joseph J. Dale, whose death was announced in these columns on April 23rd. —The incorporation of the West Virginia National Bank of Huntington, W. Va., as a conversion of the West Virginia Savings Bank & Trust Company has been completed. Reference to the prospective change was made in these columns on July 16th. The capital is|135,000 and the officers remain as heretofore, being: C. son, Vice President, W. Campbell, President; J. B. Stevenand Robt. L. Archer, Cashier. Jan.-Moh... April Mar S 9.').241 Jnlr 84,893 758.668 Total Gald and Gold Jan.-Moh... April Mar June jBlr Total In -Ha,087 391,673 109.827 100,930 93.823 -1-13.769 91.813 979,101 -(-179,197 789,465 83.588 80.698 8l,16T 71,124 89,687 June % S « a6'J,060-(- 117,801 3^0.704 109,880 -i-i£(t,368 +9,189 % % »64,0a7 -|-ia7.646 87,682 79,036 82.000 83,183 -f'ja,14S -(-a 1.895 -H;|,«83 -1-9.623 004.938-1-194,633 Or*. 4,888 3-2,116 -17,728 19,470 43.069 10,290 10.472 -1-9,180 -f3a,697 1,633 1,083 4.886 8.02S —3,363 -7,812 69.633 96.689 -fl2,811 "40.164 11,100 8.306 1,349 1,463 3,768 4.681 3,686 1.708 14,188 13,608 9.118 —5,761 +858 +13,08» +9,710 +4.487 18.607 "+31.847 SllYer and Silver In Ore. Jan.-Mota., April Mar June.... Jwlr . Total + llTced We ailyer 13,080 3,883 5.008 4.411 4.534 6.884 3.316 1,983 3,753 1.381 +6.X08 +1,617 +3.116 +1,650 +3.158 .10.902 15.156 +15,716 — Bxoeii of of exports. 4,660 1.668 1.613 3.061 3.661 3.608 3.110 1.066 3.015 13.516 30.521 Imports. +6,410 +1,034 +6SB -496 +461 +7.075 subjoin the totals for merchandise, gold and for the seven months since Jan. 1 for six years. —Mr. James McLaughlin, President of the Merchants' National Bank of Nashville, Tenn., died at his home in that city on Satarday last, aged 73 years. Appropriate resolutions of regret were passed by the directors of the bank and also by the Chamber of Commerce and the Retail Merchants' Association. Mr. McLaughlin was one of the organizers of the bank, having been the first Cashier of the institution when it was organized as a State bank in 1890. Later the Institution was converted to the National system, and Mr. McLaughlin was elected President on Jan. 8 190O. MlBOHAHDISn. Stvtn Hot. BxporU. ImporU. Bx- of BxporU porU. t $~ Import*. » 1004. 758.e6« 970.161 I791B7 60,63!) 96,68R 1 903. r8w,i«5 994.932 194R33 40,161 1 8,607 »03 936.987 a.i.'viHi l»iin7'3Miei 14,789 1901. 83 1 ,S0A 90«,63H 334"He|33,868 30,004 I 1 <IOO 813.1Hfl 5",3 07H :i09ii>8 33,718 37,1-89 «.sr,oii 4 tN6«« '.i3M80HL-{o.iei> 36.283 * Bzo«si ot Imports. 1H»» SILTIB. GOLD. Bxceit Sxeui Bx- of BximrU porU. fm portt. i'~ 13.841 30 002 19.166 13,6«fl 31 ,8i: 30.621 13.H7f -i6.2i" 14 97" t Bxeui Bx- of porlt. • t I 9.746 7,978 I 1 .708 878JI7 «»7 14.676 9 881 39.881 33 1>^3 I 3.091 1 '^,3H2 ;I3 .^.«7(1 31 ly8ll7,16^ 13 066 THE CHRONICLE. 7J2 [Vol. Lxxix. Similar totals for the month of Joly for six jears The difficulties upon the Stock Exchange have been tem« the following exhibit. porarily accentuated by the fact that the settlement which was concluded last week was by no means an easy one. It BILTIR. UaBOBANDIIl. aOLD was generally hoped that those who have received assistance EaiettHon. aa»fort$. Import: MXC$Mt axIm- of Bx ImMmwould be able to tide over their difficulties. But in one or of of Bxvorti port$. yortf. Bvporti 90TU. 90rU. torU two instances that has not proven to be the case. Two t % I t t t 1 t 1 fallares have been reported, neither of them of any public 1004 84.»^3 71. 184 13.769 1.083 8.885 •7,842 4.C34 1,881 3, US interest, but at the same time indicating the position which 451 1903 »1.H13 84 168 B.Oii »,H8 4.031 4.487 3.015 4,564 «,2t0 3.672 a.877 1,395 9.04S 7.8"* 1,604 190'J SS.791 »»,149 exists. Were markets active or even inclined to be active 1901 IO(».452 73.0-8 3«.8'0 a.878 4,076 •1.201 3.88b 4,56< l,t7a the trouble, which is merely local, would readily adjust itself. •7.»t0 11. 4,914 sea 3,344 1,570 1900. 100 468 63.660 SB.TOb 3.878 •2»» 4.003 4.782 1.871 INOI* M4 920 «0 102 S4,8«« 'i.OM •J.BM But in times of depression every untoward accident tends to • Bio«si of import!. increase tbe general gloom. In these tables of totals, gold and silver in ore for The Bank of England return, as was expected, shows furall the years are given under the heads respectively of ther reduction this week in the reserve, that item being now gold and silver. only 233^ millions sterling, or about the same as at this time The following shows the merabandise balance foi last year. The proportion of the reserve to liabilities is now each year back to 1876. 48J^ per cent, comparing with just under .'iO per cent twelve BZOBSS OF MBBOHAMDIBB IMPOBTB OB BZPORTB. months ago. The present position of tbe money market is 7 months tnding July 31— 1 month tnaing July 31— by no means as reassuring as one could wish, bearing in 1875 ....ImportB.»35,472,478 1876 Imports. »3, 677,266 make 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 .... 1901..... 1903 1903 1904 Eiports. Imports. Exports. Exports. Exports. Exports. Imports. Imports. Imports. Imports. Imports. Imports. Imports. Imports. Imports. Imports. Imports. Exports. Imports. Imports. Exports. Exports. Exports. Exports. Bxports. Bxports. Exports. Exports. Exports. 9,236,241 2.416,070 10,662,751 9,644,349 13.710,587 10,610,936 11,187,387 4,096.846 618,03i 3,362,624 2,855,086 7,197,314 14,157,3f6 19.528,71» 28,114,472 4,373,142 7,368,263 6,927,790 12,687.890 16.484,057 15.609,237 17,429,209 21,540,668 34,824,426 36,793,115 36,870.0''6 9,642 768 9.626,442 13,7ft9.9H 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1908 1904 Experts. 59,300,024 Bxports. 35,480,348 Export8.166,517.28e Exportfl.124,680,960 Exports 44,874,081 Export8.108.610,802 Imports. 50,e24,<t67 Exports. 41,986,173 Exports. 10,842,808 Exports 61,951,0t9 Imports. S,8S3,824 Imports. 34,287,441 Imports. 75,732,756 Imports. 60,183,975 Imports. 41,836,835 Imports. 17,(334,718 ....Exports. 40,157,149 Imports. «y,872,231 Exports. 69,182,709 ImportB. 21,219,092 Jlxports. ^0 66.^,677 .... Exports. 64.391 108 Exports.316,821,427 ExportB.23P,398, 1 80 Export8.809,4O8,206 Ezports.324,78 1 ,<S»8 ....ExportB.191,496,774 ... Ezport8.194,532,843 Ezport8.179,197,135 BdoujetavJSgdTammeicclalSwfitlslt^jewB [From our own correspondent,] London, Saturday, Aug. 6, 1904. Various circumstances are combining at present to depress prices and check business upon the Stock Exchange, any one of which might in itself be counted upon to cause a considerable reaction, even if markets were inclined to be active, Never, perhaps, have the great financial authorities in the city been so utterly wrong in forecasting the outlook in our money market. The general impression everywhere among bankers, discount brokers and economic writers was that with the turn of the half-year we should see an easy money market London— gold would flow to this centre and rates would is usual in the last week in June and the first few days of July, and we all comforted ourselves with the assurance that this could not last. in steadily fall. Money rates rose, as The exact opposite of all our confident predictions has occurred. Gold, it is true, is coming to London but in very small amountEi. About a quarter of a million sterling arrived on balance this week, the bulk of it continuing to go to the Continent, to India and to your side. Added to the state of the money market, we have bad this week intense heat in London, the thermometer having recorded on two occasions over 90 degrees in the shade. No doubt you can do better than that at your side, but London houses and London methods of living do not readily accommodate themselves to such high temperatures. This heat has naturally caused an exodus from the city of all those who could get away. These two causes and especially tbe diflficulty of obtaining mind the we are in the height of the holiday seademands are just beginning to be felt, and fact that son, that harvest before they are fairly completed it is reasonably certain that shall have to find the money to finance the cotton crop of we Egypt and various crops to be garnered in the Argentine Republic and other parts of South America. The Bank directors are doing all they can to keep a tight rein upon Lombard Street, whioh is eminently desirable under present circumstances. But amount of likely from time ked the position is anxiety. On Thurfday seat of the at the Duke Riding School, Welbech Abbey, the Mr. Chamberlain resumed his of Bedford, crusade with a view to altericg the fiscal policy of this country. Dnring the session of Pai liament now about to come to an end, the ex-Colonial Secretary has refrained from carrying on his propaganda, as he felt, and with justice, that such a course would embarrass Mr. Balfour's Government in the House of Commons. And, as the matter is not before the present Parliament, and as Mr. Chamberlain has undertaken to give his loyal support to Mr. Balfour, he is unwillic^ to do anything wbich might increase the difficulties of the Prime Minister. In reEuming his campaign at Welbeck, Mr. Chamberlain proposed to put a duty of 2s. Od. per quarter on wheat and certain other duties on agricultural produce, with a view to improving the situation of the British farmer, k duty of 2s. Od. per quarter upon English grown wheat ia quite small, and it is considered doubtful if it would have any influence on the acreage under wheat. Even if Mr. Chamberlain is as successful as his most ardent admirers expect him to be, which is by no means assured yet, the adoption of his policy would have for some time hardly any icfluence upon our demand for food. The object of the policy is to increase as far as possible the trade between the various parts of the British Empire. On the other hand, England, a very email country, has become practically wholly industrial. In our time there is no reasonable prospect that she can ever supply any material portion of the food we consume. It is certain, therefore, conditions being such as they are, that no proposals could be carried by the Government which would materially increase the cost of Mr. Chamberlain contends there will be no increase. living. In any case, we shall want here most of the food that can be sent to us from all the great food exporting countries of tbe world. There is again a good demand for India Counoil drafts, so good indeed that the Council announces a further increase in the amount to be allotted next week to 60 lacs. For the 150 lacs offered on Wednesday the market applied for 851 lacs at prices ranging from Is. 4d. to Is. 4 1 32d. per rupee. At the corresponding date of last year 50 lacs were also offered, the application amounting to 216 lacs, and thn prices tendered were about the same as on the more recent occasion. The following return shows the position of the Bank bf Sngland,the Bank rate of discount, theprioe of oonsola. Ar, oompared with the last three years: loanable capital, would, as said, be calculated to check markets which otherwise would be inclined to be active. But over and above these causes we have the political situation in the Far East. Happily, the assurances of the Russian 1904. Government with reference to the volunteer fleet seem definA.xig.Z. Si itely to have removed all danger from that source. Never29.27R.23S IrsnlStlOD 6,0«7.370 rilbliO dSPailtl. theless, every prudent man feels that while the war is going 41,73B,S82 nUer aepoilti lC.7l»,766 on some totally unexpected accident may occur at any IOT«rnmaDl(«<mrItl« 26.8P«.8c9 )th«ri««nrltle» DOlAiandaoln..... 28.S62.268 moment which might throw all the bourses in Europe and taMrraof TolnAbnaionbothdapartni'ts 8»,in,«93 48^ on your side into a ferment. The markets have had a lesson Prop. raiarTatoUablJltia*. P.O. parcant. 8 lank rata from the Malacca incident which they are not likely readily OoMOli.»«pafoant 87?^ 8tlT«r to forget. has succeeded in atforeign gold to our marto time to give cause for until the Bank's action tracting a considerable CltsrlDii-aoaisratnriia STq ie7,S42,0C0 1908. aufi. 6. » 80.C9I.346 «.2be.i61 S9.8.S7.02a 16,8.H8.e£2 86,802,537 23,108.341 86.0r4.e8e 1908. Aug. 6. i 80S18.260 7,1 9.993 41,il8«.SlO l«5.9^2.h38 25,72S,43*5 28,8Se3<e 80.678.108 4»w 49W 8 8 9018-16 26«<1. 17e,l9«.u00 _, W4M «4«.. lT6,7c(i.C00 IMI. A\i9.7, M 8O.0SS.6IO 7,»e».91« 40,824.810 16.20. ,670 2«,830.11» 23.071,678 8«.630.118 4a 8-16 ,„; .. W*-" 2615-lfld. ies.0l5.0l0 — : Aug. —— : . THE CHRONICLE. 20, 1904.] Int«r«tt «il«wM /or JepotitB b% Open Market Batee IradeBUU Sanh SW*. 4 Jtfontki. « 8 Monthe. 8»®29i 2H93 2» 3 8 ««• »Moi. ! .^_- 1 Joint Stock 4Jlfo«. — A.t 7-H 194 Ik Consols, .new, Fr'oh renteB(lnFarl8)fr. 98-02 •< 8514 Spanish 48 Atoh. Top. & Santa Fe. 81% 99% Preferred xsess Baltimore & Ohio... 96 Preferred I3014 Canadian Paolflo Chesapeake Open Bank Oy«n Bank Open Bate. Market Hat*. Market Bat*. Mark, ~S Pavla HambmrK 4 4 rrankfort 4 AmttardaM 3 • Brmtielf 4 3 8 nom. 3H 8X 4K 4W .. 8 4 4 iH SH iH 2« 2« »H Vienna St.PetertkmrK.. Open Bate. JIfarfcet Erie, common 1st preferred 2d preferred 4 8 IB-la" 4 4 4 2K tH 2M 8M 2K 2H «W »H 2« 4 3 SH 4 SM 4 3 SB-10 S 29« 8 3 8 3H nom nom. 3« 5« 4K 4M 3 4« nom. 4M 4» 4 4 Messrs. Pizley Ss Abell write as follows 4, 1904 Oold—There is no Oontlnental demand for nnder date of gold, and the Bank bai all Theauotatlonsforballlonarereportedasfollows: GOLD. OondonBtandard. Aug. 4. d. «. Bar arold, fine oz 77 U.S. gold ooin...oz 76 Geroa'ngoldooin.os '76 French gold ooln.oi 76 Japanese yen ot '76 'Nominal. 8ILVBS. London Standard July 29 1. d. Aug. July 4 28 rf d. Barsllver,fln6...0E. seiBn 26'^ Do 3 mo. delivery aeiiia 26% 514 •76 51* Bar silver .contain'g •76 6 5 do Sgrs.gold.os. 277,« 27^ 4 •76 4 do 4 grs.gold.oB. 8714" 273,« do Sgrs.gold.oz. 27l,fl 87 Cake8llver.......oz. 291,, 2815,8 Mexican dollars. .oc. aev 26V 9 4 77 9 76 4 The followlngshows the Imports of cereal produce Into Slngdom during the forty-eight weeks of the seaaoa campared ^ith previous seasons: Beans Indian Flour con 26% 96% 26Uig 883i« 885ie 8818 88I4 esha 88318 0.t»« 86''8 8% 3% 83Ba 8308 100 >« 87ie 100 1« 87 14 96 1« 131 180''8 S8i« 16»« 158)4 154% 74 33 k 74 26ie 2ei« 96 38% 24 76 3% 83Bb 100 130 130 39 271a «4l2 40 140 123 se-'e 3% 8318 looia 86'8 9314 381a I6I4 1541a 3414 15 64 39 x63)« 981 '!« 85% 883 u 88% 98-10 98 22% 87% 93% 39 25% 76 76 27 78'% 26'8 641* 891a 27% 66% 40% 28% 66% 40% 137% 181% 10 10 lOifl 2II4 44I9 211* 44>« 21I4 4414 38 123 32 14 123i« 321a I2314 12i% 32% 64»4 65 66 92>fl 921a 92% 35% 66% 92% Preferred Nat RR.of Mex.,lstpf. N. Y. Cent. <te Hudson. N. Y. Ontario & West-. Norfolk & Western Preferred 88 122% 33 64 14 92t« 106 62>4 27 '8 Preferred iUnion Paoiflc 10038 96 Preferred U. 8. Steel Corp., com.. Preferred 1214 60 14 18 38 62 Wabash Preferred Debenture "B",. i24% 10% 10% 21 44 38 21'»8 45 33 139% 124% 11% 32% 45% 87% 123% 85% 66% 92% 104 104% 63 63 48% 28% 43% 28% 43% 68% 29% 43% 63 14 28I4 28 43 87 87 Bs 27 1« 94 101 96 56 37 94 140 128% 104% lOSifl 62Tt 86I4 2d preferred* Southern Pacific Southern Rallw., com.. * 108 48 1st preferred* 140 38 15% 164% I2II4 Mexican Central Mo Kan. & Tex., com.. 93% 15% 155% Louisville & NashvlUe. "4 83% 100% 87% 131 Illinois Central 37 37 87 37 5714 271a 941a 56Be 57% 57% 101% lOlBg 96 >4 96% 27% 94% 12% 12% 1238 ei-'s ISifl 6II4 181a 38I4 621a 60% 18% 38>4 621s 29 95 102% 96% 12% 60% 19% 39% 63% 38 62% 38B| 95% 101% 96% 12«8 60H 20 39% 63% Price per share. ©jommjetrclal and ^Xisctllmxcous'^zxois I> I JTisme «f T 1 » B N I> S Per Company. When Sookt Cloted. (Days Inoltttive.) Ang 25 Ang 38 MtoeeManeaae. Bordens Condensed Milk, com General Chemical, pref. (qaar.) National Lead, pret. (qnar.) No. Standard OU (guar.) United States Envelope, pret Welsbach Uompany , Cent Payable HallrMidB (Htaam). Pere Marquette, pret 4 A«c 26 I'Sep 21 to Oct 2 Sep 15 15 Ang 27 to lAjHolders of reo. Aagl9 Oct Sep 5i. to Ang 15 $5 Sep Sep 3 MP Sep 7 1' Aug 21 to 2 Holders ot rec. Ang 24 FORKiaNTRADEOFNEW YORK — MONTHLY STATEMENT. — In addition to the other tables given in this department, made up from weekly returns, we give the following figures for hhe full months, also issued by our New York Custom House. first statement covers the total imports and exports of merchandise and the Customs receipts for the seven months The of the last Month. two seasons. MIKOHANDISI HOVauiNT AT NlW TORK CcrSTOHS BIOIIPT* AT NBW YORK. Importi. Bxporte. 1004. IMF0BT8. 1902-3. 1901-2. 1900-01. 77.496,448 66,162.827 63,923,300 ~^ ....29,843,726 24,337,468 20,437,123 18,911,200 ^13.940,894 15,055,561 15,795.614 21,276,800 ^ 2,184,670 1,772,480 1,919,607 2,291,430 2,008,468 1,443,887 1,707,040 1,728,683 43,699,967 89,117,336 42,660,936 51,446,100 ..^18,030,343 17,893,847 18.594,568 21,278,100 Wed. 26 1« 38,1a 137ifl the Jnlted 1908-4. Imp'ts Of wheat, OWt.84,662,736 Tue$, 26Bb 88ie 88 H 98 23 1« Northern Securities Pennsylvania Phila. A Reading * 4 the arrivals at the redaoed price of 77s. f d. The present position is in favor of the Bank continalng to receive The Bank has purchased £379,000 In bar gold and all the arrivals. has received £5,000 in sovereigns from Germany, while £50,000 has been withdrawn for South America. Arrivals: South Africa. £403.000; Australia, £5,000; India, £122,000; West Coast Africa, £26,000; South America, £8,000; total, £653.000. Shipments: Bombay, £75, 750; Colombo, £15,000; total, £90,750. Silver— The market remains firm, especially for eash, India being a good buyer for the Bazaar, while supplies are not over plentiful for August. Forward silver is not so firm, sales by China being profitable on the present Eastern exchanges, and the difference has widened to a i4d. We close to-night steady for cash 26i5i8d., and dull forward 26iiteCl. The Indian price is Rs. 68H per 100 tolahs. Arrivals: New York, £164,000; Australia, £08,000; total, £232.000. Shipments: Bombay, £67.600; Calcutta, £210,000; total, £277,500. Mexican Dollars—There is practically no business in Mexican dollars, and they remain at about <^d. under cash silver. keen able to secure nearly Feaa.... 15 152% Preferred Bank August Oats. 87% & Ohio Chto. Great Western... Ghlo. Mil. & St. Paul.. Jt4lu 16. Thun. iron. 86% 3% Anaconda Mining. Bank MrllB BMley 261118 87i5ie 881,6 d. p. cts. Den.tk Bio Gr.,oom Rateitt InUreetat MMiria •oDenbatten. Sat. — 2% Silver, per ounce For eocount 194 juit as. July 80. LOMDOH. c, The Bank rate of dlsoount and open marketrates at the follows: rtlef Ctntlnentaloltles have been as Avt.6. The daily closing quotations for securities, etc., at London are reported by cable ai follows for the week ending Aug. 19: DU'tHt Bankt OoJi 9^ 2H®2« iH 3 tH&SH 2jm3 8®8!4 8M®3^ 803X SM 3M®3H 8H 8M 8M<»3H 3^®8M 2^ Jitly Jlfont^ti. 718 Encllah Flnanelal llarketa— Per Cable. Ihe rates for money have been as follows MMon. : . 1903. 1904. 1903. 1904. 19«8. t lanuary.. febroarr. Uaroh.. .. Bl,497, 60.iet038 14.7Be,8St 16,610,118 B0.269.9B8 45.860,686 39.210,780 47,028,744 67.437, 41,840,867 14,606,9t>5 13.814.96S 66,382, eo.aio.827 48,609,1 Ifl 4&,S88,57(t lt,W13,20,S 16,878,475 April 00.341, es,8l4,084 41.09»,67g 48, 100.004 13,108.860 18.400,868 88.865,460 12.109.913 39,748,66? 18.824.94V 87.816.917 18.901,118 12,402Jt4 May 47.8B4, 47.880,090 86,404,98^ Jane 48.264, 47.910,674 39,382.40& JnlT 4»,e76, 60,266,186 85.056.730 Total.., 363.U31,3»1 869,532,697 280.014.26v/ 291,827,574 95,e63,3tf6 12,601.271 15.090.a89 99.803.071 Supplies available for consumption (exclusive of stock 00 September 1): 1902-3. Wheatlmported,owt.84,ee2,736 77,496,443 Imports of flour. 18.030,343 17,893,847 laleaofh*me-grown.l6,8l8,4S6 22,715,851 1903-4. Total...... 1901-2. 66,162,827 18,594,666 22,512,011 1900-1. 63,933,300 21.278,100 22,712,243 28b. iid. Average price, season. S7b. Sd. 86fl. 2d. Sis 8d. 28a. Id. 87s. 3d. S7b. 2d. The following shows the quantities of wheat, flourand maize afloat to the Uixlted Kingdom: TMtwttk. Laitwfk. Wheat qrs. 3,025,000 nonr, equal tears, 170.0CO . OOLD MOTBMINT AT NlW 70RK. MONTH. 119,606,515 118,106,141 107,269.404107,913,642 ATtr.prl«eviieat,week.2 8.'. oe. alie. The imports and exports of gold and silver for the seven months have been as follows qrs... 945.000 3.050,000 185.000 1,065,000 1903-8. 1,845,000 205,000 1,270,000 1901-2. 1.856,000 170,0Cc 960,000 Imporit. 1904. Janaary. tTebmarr March... April. ... May Jane.... Jaly Total 0,750,410 Bxporte. 1903. 1904. 1908. 1 30,684 t 880.409 741,928 2,664,768 336.839 430,783 10.278.679 41.678 667 11.S87.070 1,4^3,228 8P0.H0? ISl.tlo 535.552 0,175,318 00.e9B.ii57 1 812,164 686,286 8.868.058 I.473.2!*! BiLVlH-NlW TORK Import*. Bxporte, 1001. 1908. % 8 S60.P.16 4,801.808 S89.492 17T,04l 8.8,>-5.946 260.Oart 8.710,178 2,9-2,408 2.f21,773 10.034.174 840.082 2,S7fl.010 7.4«0.70f 267,B»rt 3,64H,I35 82.784,001 1,810,889 28,380,741 807.887 616.801 . THE CHRONICLE. 714 National Banks.—The following laformation regarding is from the Treasury Department. national banks The receipts of flour and grain at the seaboard week ended Aug. 18, 1904, follow: August IS, 1904> ^ k»ll 96,816 86,678 86,808 Pklladeiphla........ 26,406 Uoatreal Baltimore.. .««. i*hmond »*« New Camberland National Bank, New 12,428 •awport Newi....^ , 7,352—The Vermilion National Bank, Vermilion, South Dakota Capital, $50,000. L. T. Swezey, President; Harvey Ounderson, Vlee- President; O. H. Barrett, Cashier. Converelon of Clay Connty Bank of Vermilion. 7,353—The First National Bank of MarysvUle. Pennsylvania. Capital. $25,000. Jos. W. Place, Presldput; J. Harper Seldel and J. W. Beers. Vice-Presidents; J. E. Wilson, Cashier. 7.354- -The First National Bank of HartsvlUe, Indiana Capital, $25,000. 8. L. Howard, Cashier. . President; 7,365- The First National Bank of Dlller, Nebraska. Capital, $40,tOO A. H. Colman, President; Isaac M. Raymond, VicePresident; Thes. P. Price, Cashier; Arthur E. Price. Assist Bnt Cashier. Conversion of People's State Bank of Diller, 7,356— The First National Bank of Bellwood, Pennsylvania. Capital, $25,000. , President; C. A. Patterson, Cashier. 7,857— The Monroe National Bank, Monroe, Iowa. Capital, $z5,C00. A. J. Porter, President; J. P. Johnston, Vice President; Chas. T. Bchenck, Cashier; F. B. Kingdon, Assistant Cashier. 7,358—The Prairie National Bank ot Chicago, Illinois. Capital, $250,000. GeoriJe Van Zandt, President; George Woodland, VloePres'dent; Wm. B. Corklln. Cashier. 7,859-The West Virginia National Bank of Huntington, West Virginia. Capital. $135,000. C. W. Campbell, President; J. B. Stevenson, Vice-President; Robt. L. Archer, Cashier. Conversion of The West Virginia Savings Bank & Trust Company, Huntington, West VlDiinla. 7,360—The Merchant)-' and Farmers' National Bank of Cisco, Texas. Capital, $2S>.000. W, H. Eddleman, President; Wm. Bohning, Vice Pret.ident; W. C. Bedford, Cashier; W. H. Tebbs, Apslatiint C<»8hter. 7,361—The First Natioual Bank of Van Burer, Arkansas. Capital, $25,000. W. H, H. Shlbley, Preeldent; , Cashier. 3,1«4 Total week... „. * INSOLVEHT. of Grinnell, Towa, insolvent, was placed in charge of a Receiver on July 27, 1904. AFPLIOATIONS TO OOMVERT INTO NATIONAL BANK! APPEOVED. The Inez Deposit Bank, capital $25,000, into the Inez National Bank of Eden, Kentucky. TheTrlangie Bank of Cleveland, Oklahoma, into The Cleveland National Bank. Capital. $25,000. The Houston County State Bank of Caledonia, Minnesota, lato The First National Bank of Caledonia. Capital, $25,000. ot— flour. J3I>ls.lUA Ibi Chloago 107,844 Milwaukee . 44.27S 64,600 DtJlnth Minneapolis. Toledo Detroit 6,400 Whtat. 895,0«B 82,720 237,084 1.487,700 20,900 636,890 40.300 877.000 43.786 ... 11,8»8 83,377 Lonli.... Peoria 49,700 l,126,lSe Cleveland St. 17,850 Kansas City. Tot. wk. 1004 Corn. Oatl. BarUy. Bu*h.00lb$ Buth.66 Ibi Su$h.32 lb Bu«b.48»>* By*. 8,037,600 106.600 60.184 46,000 18,860 14,40' 9.03fa 129,80<< 8,846 46,600 60.000 86,506 68^.1C0 1,000 148,416 120.600 428 16i ee3.02C 3.000 9,900 2,881 23,600 8,400 121,891 62.200 136.100 624,00< 8.331,100 266,300 149.800 7,486 8,000 .... 802,068 SQO.fei 6.702,667 8,240,878 S,656.S4i 3,689.768 2,052,287 8,59«,6SC 186,780 817.678 Samewk.'Oa. Sin«« Aug. 1. 427,767 6,9S6 718 1,211.882 5,238,579 196,811 104.166 183,068 237,704 lOOt 1908 1908 044 869 784,74» 11,048,172 4,6S3 175 8,940,979 8,B15.8i3 3,068 869 4.120.266 18.3^9.609 808,760 417,148 303.983 191,633 841,879 490 681 Same wk. '03. 1.241.8t14 7.680.328 8Z.272.g«9 896.845 88,466 167.819 8H2.651 147.670 53,440 21.687 44.858 70,658 81.083 19.000 68 300 21,624 1,060 1,141 26,180 . 2,10S 89,600 1,121,869 923,746 6.191 848.209 72,708 Reoelpti do not Include irraln passing thronsh OR throoKh bills of ladlns. New OrksHi for foretn Total reoeipti at ports from Jan, 1 to Aug. 18 compare as follows for f oar years: 1908. lOfl. 1904. 1903. M$tH9tiH — com O 11,001,462 18.863,306 18,844,781 18,<21.a78 27.960.488 62,789,094 70.6S2.171 ; 1.869.748 11.806.668 99.801,886 90,489,880 88,008,761 38,8^8061 26,804.777 60,406,476 1.847.780 8,3i»2.569 1.509.263 8,166.800 85.517.073 u Barley 680.108 8,124,388 1.&70W4 2,6A8.840 91,868.289 171.666,218 113,&05.«S6 S46.093.8S7 Bye Totalsraln..^ The exports from the several seaboard ports for the week ending Aug. 13, 1904, are shown in the annexed statement: MaptrU /rem— kuik. Hew York 56,U7 Osrn, Flour, Oatt. bu*h. bhU. bM*K 580.136 42,960 40.129 26,179 £««. »ufk. P«ei, B<xrl«y, kMffe. kutk. 8378 20,080 8,876 80.080 564 364 Boston 69,916 Portlaad, Me. fklladelpkla.. 89.600 8,ooo 101,080 27,542 altlmore few Orleans K«w4'rtNews ce.oco 400 8,290 ; Montreal 281,784 40 2,381 18,191 8,164 108.191 MiTSiton 31,726 45,291 118,166 70,610 126,839 S8.781 Total week.. Same t Ime ' 401416 868.656 647,396 08..2.548,601 289,678 143,391 57,014 8.912 Ibe destination of these exports for the week and July 1, 1904, is as With J09«rti tor and f in<i with Aug. Jutti 1 te,<nltca KinEdoB ^ iontlaeni i.A 0. Amerioa. vest Indies..... tr.M.Am oolo'i sotuitries 'otal 1003-08. since below: riour, , . SinciJ^uly b6.. 48.741 37,381 12.0dl 10,426 1.066 8.492 1904. bkli 388,659 136,258 70.252 10B.031 «.S28 40,087 113.168 8by,678 744.469 1,788,940 18. 1, whtn. w<«k a^*» Jwl« Aug. 13 bulk. 420,434 40,988 . 1904. 1, 2,518,691 oofn, 0in*i J«i« . Tr««k AW0. 18 1, 1904. r..<A. buih 281.116 611,088 24.066 18.073 118 1,897.385 1,639,448 bulk. 8,947,268 808,047 ••• «••• 461,4<,6 > 28.473 tea 3,878,783 18,704 787 868,656 e4T.3<«6 80935 180,108 14,348 17.898 3,248 805 7,943,884 The visible supply of grain, comprising the stocks in (tanary at the principal points of accumulation at lake and •aboard ports, Aug. 13, 1904, was as follows: fFk«at, kwik. 383 000 York............. '•itsriet— New Do Afloat... Boston 32,000 64.000 178,dU0 036,00C .«. .*«. ..«. Philadelphia Baltimore Orteant..^..««. iaiTeston ....>.. tlontreal ew foronto Oatl, a»r%, k«ik. Do Do iieriat k«lll. 117.«»on Jllf. 884,000 46,«00 89,U0t 9;M0 56',000 6,000 ' '54,'d6e 186 boo 808 oo 85.000 713,000 184.000 6,000 81,000 "iVdoo 23,oeo 274.bM isi'.odb iTO.'ON 4%.odb 'eUdob sisi/dob "4,060 "i.ddo 14,000 "i,0M 'n.boo '"8.000 916,000 2,698!a0u s86'.6oe Ms.'ddo afloat Detroit k«lk. ieo,9O0 ktllk. 23J,nO0 2;,OJ0 107,UOu 148.000 49.600 19,000 afloat....... JO Bum lb> 300,100 8,270,697 afloat siaaio '60,000 afloat 'bB,6od 4ilwanksa Receipti 506.900 54,078 128,661 •orti Do Breadstnffs Figures Broaght from Page 745. —The statements below are prepared by us from figures collected by the New York Produce Exchange. The receipts at Western lake and river ports for the week ending Aug. 13 and since Aug. 1, for each of the last three years have been: 74.400 1,000 au k«th. 4C7.629 Toledo to The in the Beriii, £86.887 tnflalo OHANOE or TITLE OF NATIONAL BANKS. 6,118—The First National Bank of Leger, Oklahoma Territory, First National Bank of Altus, to conform to change name of the town. Oalf, butu 99.400 68.480 364 Week 1008. nher Citizens' National Bank of Miamlsbnrcr, Ohio, has gone into voluntary liquidation by resolution of its stockholders dated July 11. to take efifct Immediately. Absoibed by the First National Bank of Mlamlsburg. buth. 6,600 Me PortisDi, LIQUIDATION. 4,822—The o»rn, ku«k. MlTSItOB Cumberland, Pean- sylvania. Capital, f2ft,000. Ed. 8. Herman, President; Q. Rally. Cashier. First National Bank of Moant Olive, Illinois. Capital, $2^.000. President; Collie Clavin, Cashier 7,351—The First National Bank of Braymer, Missouri. Capital, $50,000. Henry Elchler, President; W. R. Lee, Vlee-Presldent; J A. Ratbhnn, Cashier. Conversion of the Farmers' and Traders' Bank of Braymer. W. 7,350—The 1,629—The First National Bank 24.639 8,186 New Orleani*....^ W dent; Mike Ditto, Cashier. First Nation a! Bank of FayettevlUe. Arkaneae. Capital, $50,000. 8. P. Plttman. President; F. P. Earl«, Vloe-PreBldent; Bruce Holoomb, Cashier. 7,347—The Batavla National Bank of La Crosse, Wisoonfin. Capital, $400,000. E. £. Beatley. President; 8. Y. Hyde, Vice President; E. M. Wing, Cashier; J. A. Bayer, Assistant Cssbler. 7,848— The Cairpbell National Bank, Oanopbell, Taxas. Capital, §27,000. J. F. Haobler, President; R. E. Connor, Vice- President; B. R. Brown. C»Bhler. 7,346— The 7,349— The ^. ^. BoitOUM M. Sloan, Caibler. 7,344- Tbe First National Bank of Cornwall. New York (P. O. Cornwall on-Bud*OD). Capital, $25,000. A. C. Wiloox, President; M. A. Alexander, Vioe-Prealdent; Clark J. Brown. Casbler. 7,345— The Arllogton N»ttonal Bank, Arlington, Texaa. Canltal, $25,000. B. McKnlKbt, Preeldent; Jae. Ditto, VloePreBl- tvn$»t, y<«ur. K$t*i9tft — NewTork„ 7,842—Tbe First yatlonal Buok of JaRonvllle, Indiana. Capital* $2^,(^0O. Job Frefra»n, President; W. J. Freeman. Cashier: W. E. Hliepb«*r(1, Assmtaut O^'f'liler. 7,343—The Nttlion^l Bank of Glrard, PeuDitylvanla. Capital, $: 0.000. H. G. Harvey, Preeldent; J. O. Murpby, Vlce-Prealdent; O. ports for the RATIONAL BANKS OBOANIZBD. Oertifleatea Issued July SO to [Vol. Lxxix. DO * 6.6bd "M.'dM 'eb'.ooo •float 880,000 846,J0« Fort William Port Arthur 660, -00 1,000 'iiidbo 0.000 6a,eeo 8,84 1, OCO 1,6C6,000 '"ijaoh 64.000 'i4S,o6b "s'tj.doh '237,'dde 176,000 8,100 8,000 taniaiOlty 860,000 117.000 PeoTla Indianapolis )B Hisslssippl Blver 6,000 8,000 120,>i00 63,000 25,000 348,000 19,000 628.no6 3X0,000 1.828,000 4»9,0«0 '60,000 2,379,000 a.iow.oco 6,002.000 1.432.000 6.447.000 878,000 816,000 498,000 807.0O0 986.000 "880,000 b»8,000 897,000 Dulnth afloat Oi. dlBBeapells H.Louli Do afloat...... iBLaket aaanalandrlTer. Total Total Total Total Total Auk. AUB. Auk. Auk. Aug. l.S, fl, i.eoo V. . 1904. 19.668,000 5.096.000 1904 .18 61:) 000 6,97.i,000 12,538,000 6,669.000 6,438,000 ia.783,000 '6 1908. i8, 1902. 20,261,000 17. 1901. .88.770,000 04,000 Ml.OOO 253.000 faction Sales.— Among other seouriti es the following not regularly dealt In at the Board, were recently sold at auction. By Messrs. Adrian H. Muller & Son Bonds. stocks. Mexican Tel(')r. Co..232-222i« Trust Co. of Amerioa. ...477>« 34319 Chatham Nat. Bank 161 Windsor Trust Co 10 Corn Exchange Bank... 388 315 U. S. Min. ATrad. Co.. $60 lot 135>8 50 Kealty Associates 20 20 25 10 $1,000 N. Y. <b HoDok. Ferry Co. 5s, 1946, J&D 107i« $42-90 Lou. Hend. & St. I>. 1.9^ RR. stock fcrip 15,000 Buff. <fe 8npq. Iron Co. 1st 5s, 1932, J&U 9493 .H .. A»eu20, THE CHRONICLE. 1904.' New ¥ork City Clearing House Banks.—iStatement of Dondition for the week ending Aug. 13, 1904, based on average of daily results. We omit two ciphers (00) in all eases. BANKS. Capital- Surplus. Loans. Specie. Legals. $ $ $ $ t Deposits Me. 715 — New York City, Boston and Philadelphia Banks. Below a summary 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 We omit two ciphers (00) in BANKS Surplus. Specie. all these figures. I.^gals. Circu- _, Clearings. latum. posits.\ s've. $ Bk. of N. Y. Man hat. Co Merchants' Meclianica', City Merch. Ex ^ Gallatin ...^ But. <Si JJrov Mech.cfeTra. Greenwich Amer.Exoli. Commerce.. Mercantile ^ Pacltic Chatham . . People's ..J N. Americaj Hanover — Irving ... Citizens' .." Nassau , Mar.<fc Fultj, Shoe ifeLthtt Corn Exch . Oriental ... Imp. & Trac Park 2,000,0 2,050,0 2,000,0 3.000,0 1,500,0 1,000,0 25,000,0 300,0 600,0 1,000,0 300,0 700,0 500,0 5,000,0 25,000,0 3,000,0 422,7 450,0 200,0 2,000,0 3,000,0 1,000,0 2,550,0 500,0 1,000,0 1,000,0 2,000,0 750,0 1,500,0 3,000,0 East Biver Poarth ...: Second 250,0 3,000,0 300,0 First 10,000,0 N.Y.Nt.Ex, 1,000,0 Bowery ... 250,0 200,0 N. Y. Co.., German An 750,0 Chase 1,000,0 FUth Ave .. 100,0 German Ex) 200,0 Germama .. 200,0 LlncoU 300,0 Garfield 1,000,0 Fifth 250,0 Bk. ofMet.. 1,000,0 West Side.. 200,0 Seaboard .. 500,0 IstN.Eklyn 300,0 Liberty 1,000,0 N. Y.Pr.Es, 1,000,0 New Amst. 500,0 Aator 350,0 2,586,7 20,707,0 2,492,3 20.896,0 1,458,4 13,872,3 3,381,8 21,028,0 3,693,3 26,113,5 3,232,0 284,8 16,885,2 180,767,0 7,564,2 24,594,0 5,459,5 362,0 8,641,1 2,219,4 2,025,1 120,4 4,603,0 355,8 2,330,7 530,9 4,076,6 27,917,0 11,786,9 173,573,0 4,513,6 24,045,3 2,973,9 618,6 6,239,3 1,095,1 2,150,4 400,5 2,106,8 17,251,5 6,705,a 54,236,6 6,849,0 1,0^5,8 648,2 16,214,3 2,632,8 313,1 6,656,0 1,322,2 7,558,7 360,2 3,397,2 29,320,0 7,688,0 1,076,0 6,794,3 24,275.0 7,090,2 71,347,0 1,090,9 133,3 3,041,2 21,44.5,6 9,275,0 1,402,9 13,743,9 94,253,9 7.370,2 873,7 3,000,0 767,7 4,473,5 663,0 3,715.5 524,3 4,006,6 46,686,6 9,012,0 1,738,0 2,677,1 676,2 2,656,9 874,9 1,346,2 11,640,3 7,268,7 1,287,4 2,601,3 379,5 6,382,3 1,429,0 3,113,0 548,6 1,428,1 13,329,0 4,127,0 593,9 1,935,9 11,780,5 4,995,1 495,0 5,794,0 549,4 4,706,0 559,4 3,912.0 14,642,0 8,370.0 4,435,0 4,521,1 6rt4,0 61,125,2 5,896,0 1,470,2 1,077,1 468,6 623,0 700,4 3,8.')7,0 26,947,0 4,893,4 498,2 770,9 116,1 2,618,6 12,997,8 1,022,5 2,679,3 258,5 1,541.0 1,932,7 4,837,0 923,8 4,236,0 20,424,0 139,1 3,768,7 1,115.0 41,118,9 1,550,3 321,0 923,9 701,4 11,991,0 2,361,0 195,0 429,2 943,9 1,704,3 508,8 1,829,2 644,0 2,567,0 713,0 2,587,9 1,107,1 1,260,8 997,0 $ P.O. 1,816,0 21,094,0 27-1 2,067,0 34,160,0 48-9 1,388,3 21,835,8 44-6 1,540,0 22,301,0 26-7 2,432.4 28,b74,8 v;4-o 273.0 2.920.0 32-7 8,303,6 201,822,0 343 1,872,0 24,«30,0 31-2 603,0 6,497,1 31-9 544,5 6,474,4 25-0 44,2 2,264,3 22-6 502,0 4,794,0 23-4 460,3 2,539,6 4 5-7 2,312,0 22,li3,0 27-8 15,962,8 166,913,2 25-1 1,389,6 22,400.6 U8-0 488,2 3.627,0 27-1 894,4 6,349,9 26-2 613,4 2,589,7 28-1 1,702,9 16,683,5 25-3 3,789,5 66,491,2 25-2 566,7 6,450,0 24-6 2,429,5 19,821,6 25-8 301,5 2,993,5 18-6 665,5 7,200,2 30-6 347,4 9,078,2 251 4,071,0 35,699,0 250 484,0 7,289,5 19-3 1,329,0 21,857,0 25-4 5,367,0 86,508,0 .;9-8 189,7 1,177,2 27-9 2,950,9 24,625,9 27-2 1,093,0 9,656,0 22-8 1,941,4 111,153,0 38-7 483,4 7,003,4 290 306,0 3,316,0 lS-9 461,9 5,440,9 25-4 221,9 3,642,9 25-3 1,982,8 55,565,7 25-! 279.8 9,987,5 26-4 620,0 3,207,7 25-4 822,3 5,095,9 24-5 1,940,6 12,171,5 23-6 242,8 7,405,2 26-4 136,5 2,536,0 26-4 458,2 9,214.2 24-8 314,0 3,759,0 2ir4 1,677,0 15,695,0 27-0 749,0 4,632,0 31-5 249,0 10,568,5 26-8 402,5 5,491,1 2V-5 426,4 6,732,8 25 150,0 4,639,0 24-7 Total... 115,972,7 134,323,4 10964914 276,864,9 82,659,7 12071325 29-7 t t Total United States deposits included $23,374,200. — Reports of Non-Member Banks. The following is the statement of condition of the non-member banks for the week ending Aug. 13, 1904, based on average of daily results. We omit tvjo ciphers (00) in all cases. * $ N. V. 10998492 265,955,4 85,015,0 J'ly30 250,296,1 10973381 271,182,9 s6,048,l Aug 6 250,296,1 10954769 273,168,2 84,194,0 Aug 13 250,296,1 10964914 276,854,9 82,659,7 J'ly 23 230,296,1 Capi- Sur. Loans & Aug 18,076,0 17,154,0 17,527,0 52,635,4 175,899,0 52,635,4 177,570,0 52,635,4 177,446,0 6 Augl3 00s omitted. tal. plus. Invest- ments. Net Leg. T. JeBank Clear'y Other Deposits Notes. Agent. Bks.&c N. Y. City. Boroughs of 71,962,0 73,025,0 72,516,0 48,167,1 196,111,0 48,167,1 196,743,0 48,167,1 197,605,0 Augl3 Columbia .. 14th Street. Gansevoort. Hamilton .. Mt. Morris Mutual 19th Ward . Plaza Riverside .. State 12th Ward 23d Ward .. YorkviUe .. FldeUty .... JeiTerson .. iSo,o 300,0 100,0 200,0 200,0 250,0 200,0 200,0 100,0 10O,0 100,0 200,0 100,0 100,0 200,0 400,0 100,0 100,0 Century ... Wash. Hgts United Nat. 1,000,0 236,3 295,5 107,6 80,0 129,6 116,3 186,0 188,7 257,2 106,7 655,8 113,2 102,9 283,8 118,2 295,7 58,2 133,3 123,9 Consol. Nat. 1,000,0 1,127,5 Union Exch 750,0 471,5 2,091.0 4,272,0 1,640,5 2,038,4 3,068,8 2,372,3 2,535,9 1,743,2 3,016,0 1,169,7 7,389,0 1,654,0 1,352,2 1,906,6 810,7 2,030,7 697,0 620,9 2,044,9 3.762,4 4,245,6 58.0 236,0 84,9 7,8 175,0 137,6 34,4 34,4 101.0 11.3 448,0 39,0 59,0 39,4 1'2.0 8,1 27,3 10,3 206,9 303,2 108,6 192,1 113,0 77,9 159,9 97,8 89,4 234,0 154,5 91,0 104,9 289,0 215,0 145,8 281,4 47,4 90,3 33,7 20,6 61,8 46,9 189,6 $ 721,5 352,0 315,0 181,8 143,8 3,5 183,3 52,6 275,0 49,7 227,9 55,3 5,4 79,5 137,8 .')98,0 622,0 74,5 10«,0 116,0 146,9 293,0 61,0 201,7 41,8 100,3 84,5 468,5 793,7 247,9 887,0 193,9 227,0 6,3 94,0 27.0,0 16,6 Boroufih of Brooklyn. Broadway Brooklyn . .. Mfrs.'Nat.. Mechanics' Merchants'. Nassau Nat Nat. City North .. Side. Peoples 17th Ward . SpragueNal Union Wallaliout . BoioukIi ... Boroui/h 0/ 150,0 300,0 262,0 500,0 100,0 300,0 300,0 100,0 100,0 100,0 200,0 200,0 100,0 200,0 334,6 167,6 552,0 396,5 63,5 755,8 604,2 174,1 180,2 86,9 249,8 llli,6 83,1 88,9 2,105,4 1,418.1 3,242,4 6,931,1 1,136,4 6,382,0 3,278,0 1,076,7 1,357,9 64«,9 1,160,0 1,066,4 776,9 1,566,0 13,9 109,1 297,1 201,9 9,5 210,0 131,0 16,0 69,6 12,0 106,0 46,9 54,6 24,4 196,6 482,2 54,5 356,8 106.2 747,0 616,7 1,023,1 62,8 117,3 401.0 951,0 369,0 711.0 83,2 54,2 142,6 291.3 54,2 73,3 20.0 204,0 93,9 91,7 31,8 52,1 118,:i 100,0 . 22,2 60,9 70,0 10,8 26,0 262,0 299,0 112,0 40,7 30,0 576,2 154,9 66,0 2,439,1 1,824,4 4,010,0 8,720,4 1,238,7 5,828,0 4,198,0 1,307,4 1,744,7 ; 1904. I'or week. Dry Goods General Merchandise TotaL Since Jan. 111,5 749,8 55,0 l,i;03,5 3,873,7 165,8 654,9 278.6 288,1 2,197,0 1,193,5 1,466,6 78,3 69,1 59.7 70,0 .388,7 174,3 14,5 77,1 247,2 626,3 14,1 4,9 First Nat... Second Nat. 539,7 153,8 2,186,8 1,201,8 158.0 40,7 41,6 55,9 140.3 63,2 276,0 66,6 Tot. Angl Tot. Aug „ Tot.,I'ly30 121318 121318 121318 10,0 187,0 Hudson Total 32 weeks . $10,463,613 .$74,047,371 Second Nat. Third Nat.. 288,858,897 $2,012,680 10,117.382 $10,276,396 $9,735,800 $12,130,062 $83,444,127 286,714,408 $76,502,813 264.596.Xlo $65,391,730 282,536.382 .$362,906,268 $370,158,535 $341,099,633 $347,928,112 EXPORTS FROM NEW YORK For the week Previously reported.. $8,379,708 287.708.091 $8,478,791 .301,(536,163 l,96l>,8 2.249.0 1.246.8 4,069,4 5,064,0 137952 6,909,1 1079193 4,020,4 5.37(1.6 137806 7,181,3 IO703..7 4,079,9 5.485,2 137618 7.089,4 1061294 1902. 1901. $8,235,016 2S7,424,260 $9,452,826 321,303.691 Total 32 weeks $290,087,799 $310,114,954 $295,660,276 $330,750,517 NOTE. As the figures of exports as reported by the New York Custom House from week to week trenuently show divergence from the moutlily totals, also .compiled by the Custom House, we shall from time to time ailjust the totals by adding to or deducting trom the amount "i>reviou8ly reported." — The following table shows the exports and imports of specie at the port of New York for the week ending Aug. 13 and since Jan. 1, 1904, and for the corresponding periods in 1903 and l902. EXPORTS AND IMPORTS OF SPECIE AT NEW YORK EXPORTS. IMPORTS. i^incf \Vee/c. Great Britain Jan. Week. 1. Since Jan. 1. $19,637,476 41,305,126 France Germany West Indies $1,565',717 2,906'82i 1,693,395 2,042,975 2,000 1,602,660 Total 1904 Total 1903 Total 1902 Silver. Great Britain $ii5o6 '"si 5 50 1,500 (52,937 $6,429,764 3,694,717 1,581,356 !8743,500 $23,915,700 $535 763,109 26,800 193,847 48,600 1,356,100 10,123 $2",6l5 2,667 8,746 112,114 363,061 117,380 3,085 West Indies "i',745 Mexico South America All other countries Total 1904 Total 1903 Total 1902 $2,047,346 1,439,882 1,633,803 480,545 66,057 699,194 $8,550 10.842 40,856 $3,008,377 $67,487,793 1,200 32,809,601 6,007 24,995,710 France (Germany "i;309 $607,578 3.324 28,056 22.625 $745,245 $26,312,779 514,676 20,258,559 20.874,236 • 1.027.104 1,051,018 841,501 Of the above imports for the week in 1904, $1,500 were American gold coin and Sl'iO American silver coin. Of the exports during the same time, $3,008,377 were American gold coin and $ were American silver coin. Auction Sales.—See page preceding. Spencer Trask & Co., Bankers, WILLIAM <t PTM<"; NEW STREETS. YORK. Special circular carefully describing the property covered by an Electric Illuminating Company First Mortgage Gold Bond, paying the investor 6"«, 6,101,6 HonOKEN. FOR THE WEEK. 1903. 1904. 1,678,7 2,121,2 1.142,5 1901. $2,677,192 7,058,608 of dry goods for one week later will be found in 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. 15, and from January 1 to date. 792,3 326,4 1,761.3 1,343,7 1902. $2,538,900 7,737,496 The imports Co. National 1903. $2,364,039 8,099,574 1. Dry Goods General Merchandise JerseyCity First Nat... 91,880,4 93,634,3 83.698.5 Imports and Exports lor the Week.—The following are New York for the week ending for dry goods Aug. 11 and for the week ending for general merchandise Aug. 13 also totals since beginning first week January. FOREIGN IMPORTS. Richmond. l8tNat..H.I. 242,288,0 11,469,0 243,550,0 11,421,0 244,889,0 11,380,0 the imports at ()<)H,6 1.201,(» l,5ia,ll h92.i; 111,951,4 118,287,5 111,258,5 7,362,(1 ; All other countries 3,010,5 4,348,0 2,033,6 2,239,1 3,445,6 3,029,5 2,586,3 2,309,2 3,480,0 1,413,0 8,593,0 2,051,0 1,804,7 2,460,2 791,2 1,934,1 753,5 508,0 1,160,0 2,561,0 4,490,4 7,406,0 7,343,0 t InolucLmg for Boston and Philadelphia the item "due toother banks," and also Government deposits. For Boston these Goveirnment deposits amounted on Aug. 13 to $3,740 ,000 on Aug. 6 to $3,753,000. Mexico South America Man&Br'nx Colonial 7,032,0 218,798,0 6,799,0 219,028,0 6,831,0 217,437,0 Phila. J'ly 30 Aug 6 Deposit with Specie. $ 39,132,6 1,268,664,9 38,962,9 1,059,864,5 38,641,5 1,022,928,1 38,293,5 992,146,4 Bos. J'ly 30 Gold. BANKS, 12014432 12049656 12042134 12071325 Members N. INVESTMENT SECURITIES. stock V. Branch K.vchauKC. Moffat Memberii & New York Office. (V5 State St.. Albany White, Slock KxrAaage. 1 NASSAU STRKKT. CORNKR WALL, JDcnlors in Invcotinont §oriirltles. Tel. 5820<{>821 Cortlaodt. Telepliane Htoeka • Hpe«l«l»y. THE CHRONICLE. 716 [ Vol. lxxix. Ntate and Railroad Bonds.— No sales of State bonds have been reported at the Board this week. There has been a notably larger volume of business in railway bonds than for For IHxidtndM «e« page 713. several weeks past, but otherwise the market is unchanged in general character. The offerings of high-grade bondg WAIiL HTREET. FRIDAY AUG. 19, l»04.-a P. M. The Mont'y Market and Financial Sltnation.— The mar- are so meager that they are practically out of any review of ket for seonrities has been somewhat irregular this week. dealings at the Stock Exchange. Several issues that have been active fhow an advance of Reports of a cut in prices in most departments of the iron a point. ana steel industry, reports also of the practical destruction from 1 to 2 points. United States Steel 5s declined United StatCH Bonds.— Sales of Government bonds at of large areas of spring wheat, and the prospects of early frost, have had less influence upon prices than the prevailing the Board are limited to §"500 8s, coup. 190'i-18, at 105 and belief in WhII Street that general business will be better $15,< Oj 38, r.-g. 19 J8 1-^ at 104^ to 105. The following are the during the next twelve months than for some time past. No daily closing quotations; far yearly range see thtra page doubt this belief has been stimulated somewhat by recent following: Japanese victories, both by land and sea, in the siege of InUrsst Aug. Aug. Aug. Au Port Arthur, and the probability of an early surrender of FsricAs ^;T 71 19 railway ts.lOSO that osfc. The consequence is a further advance registered q— Jan '104H •104S '104S '104»4 104 »4 '104<lt securities, especially those that will be most benefited by Ss, 1980 coupon Q— Jan >104H *104S >104S '104»4j •104»« 104^ Ss, 19S0,snuU.registered the enormous crops now almost assured. Ss, 19S0, smaU coupon In regard to the condition of spring-wheat, reports are Is, 1918 106 registered 10$ •104»a 104 H 104S '106 •106 >106 '106 conflicting, but an advance in the price of wheat futures Is, 1918 coupon 106*«*10iV 106 «• registered small. Is, 1918, this we^k o the highest in many years seems to be the result *106 *10l 'lOI 106 >*106 i06*' coupon Is, 1918, small of a aptculative movement, and is not based on known facts is, 1907 regUtered •106V» •106>i 'lOOH 106 106H 'ioe«i« ioe»4 coupon *i06>i -loes *ioe>« is, 1907 106H 106*4 in regard to the crop. •181 181>« lll>« *1I1 '*H1 registered is, 1936 Saturday's bank statement showed another addition to the is, '111% coupon *1I1S *1I1S *1I1S 1936 •181>»*181>t large surplus reserve, bringing the total up to $63,500,000. 'TklBis the prloe bid at the morning board; bo smit was made No gold has been exported to Europe this week, but instalRailroad and Niscellaneoiis HtoekB.-The $to«k market ments amounting to $3,000,000 went to Havana on account has been more active, especially during the early pagt #f the of the Cuban bond purchase. week, and with a few minor exceptions price« have adThe open market rates for call loctna on the Stock Exchange vanced On Monday 850,000 shares were trade* in and tke dnrlng the week on 4tock and bond collaterals have ranged market was decidedly strong. Tuesday's market was irregufrom •f 1 to 1 1-10 p. c. To-day's rates on call were ^ of 1 There were liberal sales to realize profits aad the bear lar. to 1 1-10 p. 0. Prime commercial paper quoted at 8^@4 per element was aggressive on renewed unfavorable c«op recent for ondorsements and 4@4^ p. c. for best single names. Wednesday's market ports from the spring-wheat belt. The Bank of England weekly statement on Thursday was relatively dull but firm, since which reports ef better ihowed an increase in bullion of £815, 186 and the percent- weather in the West have kept the tone of the market genage of reserve to liabilities was 54*08, against 51 '29 last week, erally firm until to-day, and encouraged a larger voluate of the discount rate remaining unchanged at 8 per cent. The business. The result is an advance of from 1 to t poiats for Bank of France shows a decrease of 1,250,000 franos in a long list of active stocks, notwithstanding some veactioas gold and 2,125,000 franos In silver. to-day. The New York City Clearing-House banks in their state The local transportation issues have continued eonspicument of ^ng. 18 showed an increase in the reserve held of ous. Manhattan Elevated was steady tintil Thursd a v, when $2,159,400 and a surplus over the required reserve of Metropolitan Street Railway, it moved ud about 3 points. $67,781,476, against $50, 08,850 the previous week. Metropolitan Securities and Brooklyn Rapid Transit have rOKK OITT OLBABINO-HOniB BANKS. been irregular. The grangers, trunk lines an* trani-conIHJftr*ne*t tinentals have generally been strong features of tke Biarket. 190t 1904 1903 from Aug. 18 Aug. IB Aug. 16 American Sugar Refining is again prominent as a Biarket pr*9iotu %»»4h leader, although its fluctuations were not wide until toAmalgamate* Copday, when it declined over 2 points. ©a^jettje. IBatiTijcrs' ^ ^T m I ' ^ >- BW 110,973.700 l8i,S23.400 Oftf Ital Bmrpliu Xiowu * <U>ooimt« 1,096.491.400 IBO OlreiilAtioB ir«t deposit* SyMi* IiCgaltoBden BMerre held 15 p. 0. ot deposits 376,854,000 I no 83.659,700 Deo 1,014,500 348,000 2,910,100 3,686.700 1,534,800 8«9,514,e00 ISO 801.783,135 Ine 3,153,400 729,775 88,998.500 Deo •1.307.182 600 I no 110.433.700 139,661.300 908.345,600 43,910,800 170,630,000 76,766,600 100,073,700 114.6S7.100 939,148,000 33,106,100 960.246,000 170.838,000 76,360,100 347,897,400 335.833,836 347.188,100 340,061,600 903.335.81)0 uplns reserre 67,731.476 Inr 1,432.626 21,663,676 7,136,600 '$38,874,300 United States deposits inoinded, against $23,870,100 last week and $37,336,600 the oorrespondlng week ol 1903. Wltb these United States lepositsellmiBated.the sarvias reserve woald be $68,676,025 •n Angast 13 and $63,1 51,376 on Angnst 6. MOTB.— Betnmsof separate banksappear on thepreoedlng page. per advanced 2 points and Anaconda Mining jumped from 73 to 80 on Thursday. The iron and steel issues have keen steady, notwithstanding some imfavorable reports of trade conditions, especially in regard to maintaining prices. For aaily volume of btisiness see page 7iS, The following sales have occurred this week of shares not represented in our detailed list on the pa^es whioh follow. 8»Ui STOCKS Itmngt ]or Wetk S«»f < line* 3a,n. 1. Xnding Aug. 19 Week 6 scar 15 Feb Allls-Chalmers Oo 800 11 AuglS 11 AnglS 39><Mar 64T8B^l> Preferred 160 47 AoglS 50 Aug 19 5%Angie 6 AoglA 3 "iJ'ne 7 J'ly Am Steel Voundrles 300 Preferred 26 J'ly 3»>«Jan 100 36 Aug S 36 AnglS 6S May 90 J'ne 100 82 AuglO 82 Aug 19 Ohio Ind <fe LoulsT, pref. 14^Aiig 21 Jan Nat Gnam -«tamplng.. 926 14*4Angl6 16>2Auglf) 89»«J'ne 45 Aug 100 46 Aagl6 46 AuglS N Y Dock pref 40 Feb 163 H Aug 10 162>«Angl6 162'aAugl« N Y * N J Telephone... 200 183S»,Angl8 ISSVjAugl? 179Vr'ly ISmiAug Pitts. Pt. Wayne & Ohio. 2'nAng 21^ Aug South. Paciflo rights 3VAngl3 2'^Aiutl6 31,467 Wetit ' Foreign Exchange.— The foreign exchange market was easier this week, though with slight fluctuations, and the inquiry for remittance was moderate. The tone was firm at the close. Gold exports to Havana, $3,000,000. To-day'$ (Friday's) nominal rates for sterling exchange were 4 86 ff4 86i^ for sixty day and 4 89 for sight. Today's (Friday's) actual rates for sterling exchange were 4 8545@4 8565 for long, 4 8810@4 8815 for short and 4 8860(3 4 8870 for cables. Commercial on banSs, 4 8525@4 8535, and documents for payment, 4 8440@4 8590. Cotton for payment, 4 8440@4 84>^; cotton for acceptance, 4 8525@4 8535, and grain for payment, 4 8580@4 8590. To-day's (Friday's) actual rates for Paris bankers' francs for long and 5 16^t@5 16%» for short. Germany bankers' marks were 95@95 1-16 for long and 953^t(a95J^ for short. Amsterdam bankers' guilders were 40V^1[(g40 3-16* for long and 40%t@40>^ for short. Exchange at Paris on London to-day, 25f. 26J,^c.; week's range, 25 f. 25^ c. high and 25 f. 25 c. low. The week's range for exchange rntes follows: were 6 18i^t@5 18i^ -Long. SterUng Aetual~-a 4 8695 High... 4 n545 '9 4 8660 IjOW... |4 8540 Parit Banksrt' JYane$— 'a5 18>« High... 15 18 >«t I Low. .. 5 1ri'«* » 5 18>«( Ofrmany Sankert" Mark*— I High... Low.... 96 d » 9»li« , . -Short.- -Cables. | 4 8810 4 87i)5 I 5 167,t 6I7I9 « 9 6 le^B* 6 16»«« 96i«t ® 96>a | I 4 4 8815 8810 4 8860 4 8860 96 a 96»i.t 95S Amsterdam Sank*rf €fuUder»— High... » 40»i«» 40^* « 40Tt»* 40VI 40i«1i « 40»i«* Low.... 40^* « 407„» Less: • »i« Ol 1%. t »s» Of 1%. * »«, Of 1%. Plus Plus: 11 11li,otl%. lig Of 1%. •• I I 94>»i« I -a 9 , 4 8866 4 8860 I I I I I I , : !,« Of 1%. The following were the rates for domestic exchange on New fork at the under-mentioned cities to-aay Savannah, 12i;^c. per $1,000 premium; Charleston, 25o. per $1,000 premium; New Orleans, bank, 26c. per $1,000 discount; 00m ; merclal, 50c. per $1,000 discount; Chicago, 60. per $1,000 discount; St. Louis, 5c. per $1,000 discount par; San Francisco, $1 per $1,000 premium. ® 1 Outside Market. — Dealings in the market for unlisted securities assumed much larger proportions this week and values, with few exceptions continued to move upward. In- was again the overshadowing feature of the trading, the price making a further substantial advance on a repetition of the recent Metropolitam deal rumors; tbfse shares rose 14^^ points, to 150, ard closed today at 148^. Seaboard Air Line stocks have been mederately active; the common lost \% points to 9 on Saturday, but later it advanced to 11^ and ended the week at 11^; the preferred dropped 3 points on Saturday to 18, tkcn recovered, and on Thursday touched 223,^; to-day there was a reaction to 21. Northern Securities stock moved irregularly between lOl^g and 108% and closed to-day at 102; it is estimated that about 8,000 shares changed hands during the week. After a loss of \i to 113, Southern Pacific new preferred "when issued" rose to 113^^, but subsequently reacted again to 113^^. Wabash-Pittsburgh Terminal Railway 1st 48 gained Vyi points jto 86i^; the last sale to day was at 86; the 2d 4s moved up from 45;?^ to 47i^ and closed at 461^. New York Central debenture 4s gained \\i points to 99. Unusual activity and strength developed in New York Transportation shares this weeb; the price ran up 3 points to 7^ and the final sale to-day was at 1%, Manhattan Transit rose from \\ to %y^. Washington R ilway Electric 4 per cent bonds advanced from 81^ to 83^; the common stock moved up 23^ points to 15 while the preferred gained 4 poii ts to 70; the last sale was at 69J^. MonBoston Consolidated was the feature of the copper treal group; transactions in this stock were very large, and the price advanced from l^g to 2^^; the close to-day was at 2. After a decline from 14"^ to 141.^, Greene Consolidated Copper recovered again to 14'^. Outside quotations will be found on page 728. terborough Rapid Transit & , I <fe & W New York . AiV. IS *27 *B5 81=^ 81 97^8 muesiiav ) Aug. 16 82H! •27 •56 81 98 86'^ Thursday Aug. 17 Aug. 18 •27 •57 Sl^'a 81 Hi 97 14 93 >« 119Hill9Hi 84Hi 85 •90 93 53 18 5334 30 69 SO^g a;85 {126 •130 126 8638 86H1 12534 126'e --J '41 rT7..J^ .»j«... 30 59 98 14 97 '8 98 H. 118 118 UOH1I2O 84 'g 8538 85 Hi 91 91 94 «94"4 94V «92 fS\ 64 'd 54 ig 54^8 533g 54i% 127 127 •125 127 '125 127 •130 *130 •130 8638 8636 8638 86 80 86 127ial28'^ 12738 12818 127 '^ 128 66 64-^ 65 •65H2 Hi 64°B 64°t^ •164 165^1 166 Ha 165 H; 165 165 38 3838 37 Hi 37 14 Hj 86^ 87 39'8 4014 4036 4031 40 40 "8OH1 83 80Hi 83 •SOHj 83 180 •180 J •180 125 150 130 130 »125 130 1434 15 "4 1434 1514 14''8 15 •81 84 84 §8i •81 84 52 «52 60 5oH? 52 62 25 24 H> 2434 23 •2« 24 149 'e 14S3* 149^8 151»6 150'8l51i4 1793418! 17934 181 •17il3j 181 183 184 183Hil83H2 182 182 •218 223 97 Hj 117'8ll7'8 86^ 1 I SO 57 •27 57 30 60 79^4 1 , jvonaay Aug. 15 1 Stock Exchange —Stock Record, Daily, Weekly and Yearly OCCUPYING TWO PAGES BrOC£&—HIGHEST AND LOWEST SALE PRJCBS 1 9 4 ... {66 165 3738 *39Hi 80 Hi 180 123 65 166 8818 40i« 83 •27 29 •57 69 81 19 82 97 Hi 98 V •28 •56 120»g 120 85 92 120 *91 53 130 130 130 130 •130 123 Stiares - - pref Atlantic Coast Line BR.. l>altiinore& Ohio Rapid Transit.. 5434 Broolclyn 130 Buffalo Roch. & Pittsb'g. 89 8938 Buffalo & Susque, pref... 12634 128 / lanadlan Pacific *63'8 66'4 V Canada Southern 166 166 Central of New Jersey... 3739 38 '4 Chesapeake Ohio *39Hi 40Hi Chicago Alton 83 Hi Do pref 86 Hi 89 126Hj127i« 65 66 165»8 165^8 37Hj SS", 39Hi 40Hi •80Hi 83 pr©f & & 80 180 Mange On basis Chicago Burl <fc tor Year 1904 of 100-share lots Lotoest Hange lor P»-ewfo«4 Year (1903) Quincy.. Highest Lowest Highest 28 Angll 25 Dec 50 J'ly 21 54HiDec Feb 2 82 Hi Aug 16 54 Aug 15,132 87=8 Jan 9834 Aug 1 8438 Aug 800 104 Hi Feb 18 121 J'ly 21 106 Dec 25 "2'o'o {4934 Topeka & Santa Fe. 172,020 64 Do 983^ 120 86 92 53^ 5434 Hi Do i\. 01 the Week Railroads. ......>* A nn Arbor SlBg Atoh. 9734 Sales STOCK EXCHANGE 29 69 8OH1 85 Hi 93 847g •180 140 STOCKS NEW YORK Friday Aug. 19 J'lyll J'ne 8 7278 MarU 8634 Aug 13 71=8 87=8 Feb 19 95 J'ly 20 8234 38 Feb 24 64 7e Aug 16 29 Hi 330 II8I4 Mar 2 130 J'ly 7 121 {135HiJ'ne24 ?a35HiJ'lie21 140 85 Aug 1 8938 Aug 1 6i3"o"6 23,445 109 Hi Mar 12 l28H2Augl5 116=8 38,871 281 81,216 Jan 41 69 Jan 89 78 Jan 103H2Jan 120 May Sep 104 Jan Feb J'ly 9534 Sep 7118 Nov 150 Sep 160 Feb Feb Feb Oct 13334 Feb 420 64 Apr2\t 68i4Jan 2 57 Hi Sep 78 Ha Jan 450 164HiFeb2<i 166 H, J'ly 13 153 Oct 190 Jan 25,226 28 14 Mar 14 3838 Aug 15 27I4N0V 53 Ha Jan 2,420 33 Jan 16 41i4J'ly26 ISHiSep 3714 Jan 75 Jan 2 86 14 Jan 21 60 Sep 75HaDeo 5181 Jan 18 aS2 Jan 14 5170 J'ly J184 Mar 124 Pebll a35 Mar24 105 J'ly 138I4 Jan 1278 J'ne 8 1734 Jan 22 13 Aug 29=8 Jan 10 80H2J'lyl3 80 '2 Apr 12 83 Hi Sep 9078 Jan 6334 5734 56'4 300 47 Hi J'ne 6 71 Jan 23 63 Oct 85 Hi Jan •24I4 25 400 20 J 'no 6 31 Jan 21 24 Sep 4678 Feb 23Hi 21 15118 ISO^slSlSfc 150 161>4 100,610 137 le Feb 24 151=8 Aug] 5 I33I4 Aug 183 14 Jan 17934 181 17934 181 17934 181 173 Mar 4 182 J'ly 14 108 Aug 19414 Jan 181 184 182 183 I8I34 1827g Chicago & North Western i",64'5 16118 Marl4 184 Augl5 153 Sep 2 24 Hi Jan {223 223 50 207 Fob 8 224 J'ly 15 190 Aug 250 Jan Do pref {130 J'ne Chic. Rock Isl'd <fc Pacific a37 May 7 132 Oct 200i8Jan •135 145 i38 iss i35 iio 135 140 Chic. St. P. Minn. <fe Om. i35 i45 •135 145 110 135 Mar22 145 Jan 31 117 J'ly 162 Jan 175 175 175 176 •175 •175 {165 Apr28 {185 J'ly 20 {165 Nov 194 Jan Do pref •7 •6^9 63* 7 7 7 Hi 8 {7 7 i',796 6»8 7Hi 5HiMBy24 1234 Jan 15 7Hi 8 Aug 19 78 Jan Chicago Term'l Transfer. 1634 17 {16 16 » 16 {18 16 2,220 13i4May27 261a Jan 15 15 Sep 30 Jan 15H» 16 Do pref •5'4 534 5>4 6 534 Chicago union Traction. 5»4 4 J-lyll 738 Jan 4 6H2 5Hi *4Hl 1,700 3 May 17 Ha Jan 5H» 28 30 •28 30 •28 30 30 30 200 29 May24 3334 Jan 18 30 MajJ 5934 Jan 76 7514 7514 75>4 7618 7514, Cleve. Cm. Chic. & 'st. h. 7434 75 Hj 7538 75Hi •74^ 74'a 1,800 68HiMayl8 8O34 Jan 22 66 Aug 9933 Jan 100 100 10014110 110 100 110 •100 110 •lOOiillO 100 Feb 8 llOHiMarU 112 Dec 119 Jan '4 110 Do pref 16 14 15 14 15'4 I5I4 14 'a 14'4 15«6 15 Hi 1534 1479 15>8 Colorado <fe So., vot. tni.si 15 6".9"7"i 13 Hi J'ne 1 19 Jan 12 10 J'ly 31 Ha Jan 5034 51 Hi 5038 51Hl 49ii> 50>v 52 5008 61*4 61 49 Do 1st pf. vot. tr. cfs. 8,310 48 J'ne 1 68H>Jan25 44 Hi Aug 72 Jan 60Hi 2II2 22 22 2IH1 213-1 {21Hi 2IH1 2OH1 21Hi 22Hi 3,070 1779 J'ne 7 2838 Jan 22 17 Aug 48 Jan 223e 22 Do 2d pf. vot. tr. ctf 8. 101 iei'< 161 161't 160 Hi 161*4 161 161S8 101 161»8 160'8 1617s T^elaware* Hudson 9,840 149 Mar 12 168HiJan22 149 Aug 183 Ha Feb •270 276 272 Hi 272 Hi 273 275 }270 270 {270 270 270 272Hi L'elaw. Lack. <fe Wesfn. 445 250HiFeb23 27534 Apr 7 230 J'ly 276 Ha Jan •22 23^8 23'8 2434 2614 23 23=8 25 23 25 Hi Denver* Rio Grande 4,170 18 Marl4 2614 Augl8 18 Oct 43 Feb 23\i 2378 7434 76 14 •7211 72 Hi 73 74'4 74 74 73Hi 74Hi 74H» 76 3,820 64 Hi Feb 24 76i4Augl9 62 Nov 90 Hi Feb Do pref •20 •20 •21 •20 25 30 30 •20 30 Des Moines <fc Ft. Dodge. •i!V 100 19 Ha Jan 7 24*8 Jan 22 12 Sep 47 "4 Jan 32 •2 2 *2 2 2 2>4 {2 2 2 2 610 mj'ne27 1434 Jan 23 734 Aug 2038 Jan SHj 2Hi Detroit South. vot. tr. ctfs •4 •4 •4 6 418 6 6 6 418 234J'ne27 29 Hi Jan 26 14 Nov 3934 Jan 400 Do pref. vot. tr. ctfs. Ji"* .I** •67 67 •65 67 68 67 67 66 66 Hi 910 60i8J'nel6 68 J'ly 19 66 Oct 90 Jan Detroit United 66H» 67 •6 •634 •6 •6 8 8 8 Duluth So. Shore <& Atl.. 8 8 «8 518 J'ne 3 10i4Jana2 60 7 Aug 19 Hi Feb IOI4 10»8 11 11 Hi 1134 9>4 AuglU 16^ Jan 23 1014 llHi llHi llHi 10 l,8.i0 10 Nov 2938 Feb nOHj lO"* Do pref 26 2634 27«8 2534 2638 26 100,676 21HiMayl6 29>4Jan 2 23 Augi 42=8 Jan 26Hi 29Hi 26 Hi 27»8 I?rie 26Hi 25!^ ir6234 63 6414 65 >« 63 >» 64 63 64«8 65 64 J-i Do Istpref Qi\ 64 16,695 55=8May31 6934 Jan 27 6218 Apr 74 Feb 88e« 39)4 39 14 40 3919 3934 assj 88«8 39 3838 8s*J4 38 Do pref 6,660 33 Majl6 50 Hi Jan 2 44 J'ly 6478 Feb 58 69 •68 69 •68 69 Svansv.2d •58 50 69 60 69>5 66 1,286 64 J'lyie 66 Hi Jan 27 89HiJ'ly 72 Hi Jan <fe Terre Haute. 76 80 •75 •75 •80 80 •75 80 80 80 90 80 400 72 Feb 23 80 Angl8 78 Aug 91 Jan Do pref 43i« 4318 42 43 43 42 43 43 42 42 Ft. Worth&Den. C.stinp. 687 40 Mayl2 64 Feb 3 31 Sep 7434 Feb •170 186 170 195 •170 185 •170 186 •170 185 170 185 Great Northern, pref 170 Marl 7 186 Mar23 160 Oct 209 Jan • 73 * 73 • 70 Anglo 7978 Jan 7 73 Deo 85 Jan 73 Green Bay* W.,deb. otf.A 14i« 1334 14 13*4 1334 14"^ I414 14H2 14 14 Do deb. ctf. B 223 11 J'ne 1 16>4Apr 6 10 Augi 27HiJan 72 72 72 73»4 7514 TTocktng Valley 70 19\ 721a 731a 7aHi 72Hi •71 1.270 60 Mar2i 7718 Jan 22 63 Sep 106 Hi Feb •82 83 83 83 Hi 83 83 1« AJ-Do pref 82 14 82 Hi 83 82 82Hi 8§ 2,910 77 Marl2 86 Jan 7 77 Ocl 99i4Mar 136 I36I4 136I4 13634 136i4l363« Illinois Central 136Hil37 14,723 12584 Feb 24 137HiJ'ly20 126iflJ'ly 151 Jan 184Hj134H 134 »8 137 20 20 Hi 2034 20 2034 20 20 J-o'wa Central..... 20 «20Hi 20Hi 1,044 14 J'ne 4 2278 Jan 8 16 J'ly 48 Jan 19'b 197g 3834 3934 3834 {3834 3834 38 38 Hi 3334 *38Hi 39 Do pref 1,225 32 Feb 25 42 Jau 14 30 Hi Oct 77^ Jan 37'a 37'a 26i4 0ct •28 •28 •28 28 29 •23 29 rranawha* Michigan.. 29 'J8tJ 29 29 28 200 22 Hi May 9 29 Jan 2 47 Ha Jan •73 7434 {74 14 74I4 73 Hi 74«8 *73Hi 74Hi lVc.Ft.S.<feM.,tr. ct8. pfd 73Hj 74 1,000 64 »8 J'ne 1 75 Aug 5 62>4 0ct 82\ Feb 74Hi 74H •2214 23 22 Hi 2284 •22 23 {23 23 23 24 Kansas City So. vot. tr. .. 810 16HiFeb24 24 Angl9 16 Hi Oct 36i4Jan t22>4 22^ 431* 43Hs 4418 44>8 {4334 4334 44 44 Do piet vot. tr. ctfs. 910 31 Feb 29 45 J'ly 18 29 Oct 61>4Jan 443b 4434 441s 44Hl •12 Hi 14 •12'4 14 lOHiJanll 1938 Apr 12 10 Oct 40 Mar *12H» 14 •12Hl 14 Keokuk <& Des Moines... •12'a 14 •12Hi 14 •47 •47 47 62 •47 62 "47 •47 62 52 62 62 Do pref 45 Hi Apr 7 52 Apr 12 48 J'ly {65 Apr "3"4"6 •27 28 29 Hi •28 29 Hi r ake Erie <fe Western. 29 •27 28 28 29 29 28 26 Marll 30H;Jan26 23HlN0T 63 Jan •85 *85 •85 •86 •86 •86 95 95 96 95 96 95 -Li Do 85 J'nel7 i 95 Hi May 24 89 Nov 118 Feb pref •245 275 •245 276 •245 275 L. Shore <& Mich. South'n •246 275 245 275 •246 275 {260 J'ly 1 {27134 Feb 24 275 Deo 8 34 Hj Jan :'*63 53 •53 62 56 56Hi Hi Hi 62Hi 56Hi *52Hi Long Island 46 Wayl7 66 Hi J'ly 19 49 Dec 83 Jan 56Ha 56Hi 56H 1 19 !« 12014 i llSHillSH I2IH1I22H1 12034 121»8 LonisvUle <fe Nashville. .. 27",4"5"6 101 Feb23 l22HiADglO 95 Sep ISOHaJan 1190s 122Hi 120 Hi 122 I5II4 15218 152Hil55Hi 154 Hi 156=8 \/Ianhattan Elevated... 10,182 13934 Marl2 165=8 Augiy 126>4Sep 155 Hi Jan 16034 1603. 16138 151 H. 16114 162 9234 93', 91'4 9314 9134 94 18 95 Hi 924 9334 I'Xetrop. Secur., sub. rec. 216,439 72'4Marl4 96H2Augll 70HiJ'ly 12878 Jan 92H 9534 93 122>4l23»( 122^812434 123H212538 122 "412414 12234 124»6 123 12438 Metropolitan Street 120,690 10434 Mar 14 12534 AuglO 9978 Sep 14278 Jan 16 Jan 15 17 V Jan 4 17 Deo 38 Jan Met. West Side EL (Chic.) Do pref 45 Mar 9 53 J'ly 12 51 Hi Deo 88 Jan 47",6"9"6 "l6""r634' "lO'i'io'^ "16 "i "io^ "lo'-i'iiU '"ll'4"l2'4 Mexican Central fl"^ 9»4 6 Apr 23 14HjJanll 8 Hi Not 29 Mar • •....„ 140 140 * 140 140 140 * 340 M ichlgan Central {119 Hi Feb 1 138 Feb 26 102 May 136 Jan "5"7"5 62 66 •52 *64 51 05 64 64 61 60 Minneapolis A St. Louis. 40 J'ne 3 6734 Jan 18 41 Oct 110 Jan 64>a 55 •85 •85 •85 •85 90 90 96 •85 96 95 Do pref 100 80 J'ly 29 94=4 Jau 21 83 Nov 118 Feb •74 7434 75 75 76 76 Hi *74>4 76 74 74 Minn. S. P. & 3. S. Marie. 75Hi 76 8.870 55 Jan 4 76 Aug 15 42 Aug 79i2Feb •129 180 180 130Hi 130 130 130 131 130 130 130 130 Do pref 2,935 116 May 2 131 AuglS lOOHiJ'ue 132 14 Fob 20 14 2034 20>4 20 H 20 Hi 203, 2118 2138 21"^ 21^8 Mo. Kansas <& Texas 20H! 21 26,770 14=8 Feb 24 2178Augl.9 16 Hi Oct 30 '8 Jan 4434 4314 43^8 43 43 43 43 43»8 44 45 Do pref Hi 43»s 43H Hi 18.765 32 '4 J'ne 1 45 Aug 19 33 Oct 63 Ha Feb 9434 9534 947, 95 14 9418 94»^ 95 >« 9534 94Hi 95=8 Missouri Pacific 77,500 87 Feb 27 9578 Jan 22 8534 Aug 11578 Feb 94"e 95 'e •117 119 119 119 118 118 119Hill9°8 120 120 •119 121 vr ash. Chatl. & St. Loui-s 940 101H2Feb24 12414 Jan 11 85 Oct 133 Ha Deo •3634 38 36«8 3638 •30 38 37 36>4 i~ at.of Mex, non-cum.pf •85Hi 37'4 *85Hi 37>4 3,150 3434 Feb2o 41 Jan 11 34HiHai 47=8 May •171^ 19 •18 I8H1 18Hi 18 18 20 19 20 Do 2d pref •18Hj 20 700 1578Feb25 217eJan 8 17 Not 28HaJ'ne I2OI4 12034 llOHi 12014 120Hil21i4 120>4l21H! N. Y. Central <& Hudson.. 11934 120 120 >4 121 7,604 11278 Marl2 12a Jan 8 112=8 J'ly 156 Jau 29 'e 30'4 *28 •29 3038 3034 30 Hi •29>8 3OH2 N. Y. Chic. & St. liouis... 3OH1 30Hi •29 800 25 MaylO 32>4 Jan23 19 Hi Sep 45 Jan 105 110 105 110 105 110 •105 110 10934 10934 106 110 Do Istpref 100 10lHiMayl2 10934 Augl5 100 Oct 118 Jan •61 •61 66 62 »4 6234 •61 63 61 61 63 61 01 Do 2d pref 300 60 J'uel4 69 Jan 20 50 Sop 87 Jan •191 194 *190Hil93Hi {191 19134 {190 mOHi N. Y. N. Haven & Hartf •190 193 •190 193 184 {185 14 May 19 196 Jan 23 nSTHiMay 22514 Jan 8II4 32 >« 3114 Zl^ 31>4 3108 32 34'4 33^8 34 Hi 19 Sep 35i4Feb 83Hi 34»8 N. Y. Ontario <fe Western. 100,296 1938Marl4 34=8 Aug 19 6234 62^ 64 14 6476 Norfolk & Western 63 Hj 64-4 OS's 64 63 ^4 64 Is 64 Hi 65 22,956 53HiMarl2 05 Augl8 5334 Nov 76I4 Feb •90 •90 90 92 •90 92 92 90 90 {90 90 Do adjustment pref. 610 88 May 6 91 J'ly 27 86 Aug 93 Hi Feb • 172 172 170 Northern Central 100 150 J'nel4 172 Augl7 190 Aug 190 Aug -63 64 64 •64 pacific GoaatCo 64 62 Hi 62 Hi •62 Hi 64 64 64 66 800 61 Feb 24 64 Augl7 39\ Sep 72 Jau •96 105 95 105 •95 105 •95 106 •95 105 L Do Istpref •95 105 95 J'ly 26 95 J'ly 26 80 J'ly 100 Feb •73 7319 7434 •74H! 75Hi •74 Hi 75 Wi 78 73 74 74 Do 2d pref 74 "bob 61 14 Jan 12 7434 Aug 17 50 14 Aug 76 Jan 122''8 12334 ,jl2lHil22it 1221412334 122 Hi 123 W 12238 123 123 124 14 Pennsylvania 266,148 lllHiMarl2 124^4 Aug 19 110=4 Nov 1 5 7 =8 Jan 17 21 17 21 •17 21 -19 •19 Peoria <& Eastern (>17 21 21 21 17 Marie •2a>4 Jan22 16 J'ly 39 Jan •75 •75 •75 ;*76 80 •76 •76 80 80 80 74i8J'ne 9 81*8 Jan 23 74 J'ly OlHiaiay 80 80 Pore Marquette Do pref !. {68 May 31 {69 J'ly 13 {74 Dec {76 Sep 6"6"'"6"7"" "67*" •64"' '66""65"' •65'" "65" ""6()6 55 •64 '4 65 Pittab. Gin. Chic. <& St. L. Apr 20 67 Augl7 55 Sep 94 Jan •96 •96 •98 D3 pref 98 98 {95 96 99 98 98 98 98 625 90 April 98 Jau 22 90 Oct 115 Jan 6438 641^ 54'38 55'8 6414 5638 64^ 65Hj 5534 56«» 55Hi 6678 1 >eading, vofg tr. ctfs.. 190,040 3834 MarU 667eAugl9 37 Hi Not 69i4Jan •84 84'^ 8434 84*4 84 >4 8434 84=8 86 8434 81»4 l-Vlst pref. vot. tr. ctfs... 84 Hj 8434 2,420 76 Mai 1 85 Augl8 73 Sep 897gFeb •70 2rt pref. vofg tr. ctfs. 72 72 72 72 71 H2 72 72 4 72 Hi 72 Hi 72 Hi 72Hi 1,900 65i4Feb26 72 Hi Aug 18 6534 Nov 81 Jan 26I4 2334 21i( 24'^ 24 '8 Rock Island Company. . 108,350 10 >8 Marl I 2718 Jau 22 24 >4 24»8 24^ 26 '4 24 Hi 26 "^ 24«8 19 Hi Aug 53=8 Jan 66 Si 6O34 6634 6714 6634 68 Do pref 67'* 67Hi 66»8 0734 67 67«8 12,150 5734 Jan 6 6.^'eJan22 5534 Sep 86 Jan •3« •30 30 46 •30 45 •30 45 Hiitlaud, pref 45 1 45 30 Apr 22 38 Hi Feb 9 30 Aug 72 Jan 1434 •81 •62 •23 150 16 14 84 68 25 140 IS"* •81 •123 140 Chicago <fe East. III., pref. 1638 Chicago Ureat Western.. 15 15Hi •81 •53 84 86 4 i'do 8,635 Do 4 p. 0. debentures Do 5 p. c. pref. "A".. Do 4p. c. pref. "B".. Chicago MUw. <& St. Paul. Do pref eH • . ! 'WW BANKS AND TRUbT COMPANIES— BROKERS' QUOTATIONS '; Banka HBW rOBK American ... Amur IDxch.. Bid Aik A 600 220 776 325 225 825 A^tor Boweryli .... Bmoh'scS: Dr 160 Century 180 Qhase 650 160 11 Chatham ... Chelsea Excl Chemical ... Cltlzous' Otr, -* Banks City Coal Iron Colonial li .. Columbiali . nn 1 1 H, 10 100 i45 165 Commerce.. 6 Bid 262 166 460 360 210 Ask 265 176 400 212 GS)nBollclale(l 160 155 C'ruExchge'i t388 Discount^ ... 145 156 Kasi lliver.. 160 105 Kldelltyll 180 200 Kitth AveTi.- .<o(i(l 4000 Fifth .iUO first il5 !25 Danks Ask Bid 14th8Creet1I. 300 205 385 140 (iarliolil soo tiennan Am'i 166 (Jerman Exi 376 Uoiiuauiall .. jao 210 400 (ircciiwioli i'VO Fourth Gallatin (iansevoortli Haiiiiltonl) Hanover 1 iiip <fc Irving Trad Bid 140 600 1000 105 310 240 250 130 240 Matdon Lane 1 66 Manhaltanli. Market A Ful Mechanics' M ech <ft Tral 1i .. Banks JeffersonH Liberty .. Lincoln 170 . MorcanMle .. Mcrch Kxch. 160 Muroliants'.. •lOO •)70 Al 30 224 drop II .... vltMorrlsll.. 176 375 226 Ask Banks MntualTl-. 630 1100 320 266 iOO 140 215 170 l«6 426 J,')!) Nassau^ 1 t ) :i Ask 187 196 New Amster New York Co N Y Nat Ex New York... 400 110 1500 200 280 J90 19th Wardll Nortli Aiucr Northern... 160 urleuUilll... 220 I'aclHoll 26 5 4 76 2 70 Park (now), fcoplo'sll... Bid and aiiKeil prices; uo sales were luailu on this day. i Lo.i.'i tniii >»n.iro.<. | lix ngius. State Banks, h Assossmuut pxl-" StookBfxcbange or at auction this week. t Trust Oo. cortlficatos. 1 Sale at . Bid 290 190 115 liul BaiUut Phenlx ...... 120 625 Plazall Prod Kxchn Kiversidell . .. Soahoard .Second 165 250 000 000 a Ex. divuleud r2th Wanll. 23<l W;irin .. Uiiinti Kjchi [200 righM. 120 125 174 90 U uIKmI aut' 560 176 280 SI100& LoUl. 130 146 1000 .Stato'l .Mtli.siroct.. 230 205 Ask t fc.... ba 100 No W stofk. ^ ' STOCKS—HIOUKHT AND LOWEST BALE PB1CE8 16>-j ItJ'-j 4114 60 •15 •48 •25 75 77 5S\ 37 6834 Au;/. IS tViday Auy. J'.) •15 •47 16 00 25 18 •15 16 60 »4 28 76 •48 »25 •72 62 69^4 a;57'» '164 170 1 IOHj 16'e Hi's 38 :i8i. 55*4 66 '4 37 >a 38 66 '7 55 26i>e 28 S. 92 92 !.. 26^8 26'b 9134 92 14 Sales 01 NEW YOKK STOCK KXOIIANGE ttie Do Do -St. L. hO'i iMlprer 2(1 pref <fes, ITr.. l8t Hanye lor Year 1904 20 125 20 2808 125 •19 2(5ab 39 •eSJo 99 "s 9734 9SV 5-2 1734 17*4 3 7 '4 36^4 -14'2 40 43 24 *1':>34 18% •40 403^ 263^, 39 99 12 Hi la 99=8 94 Hi 13 13 52' 52 18 18 37=^ 3734 *l4ia Iti 41 41 23«8 23'8 17«8 18 lli •'22 223^ 39 99 9334 •11»4 52 '125 2614 98 •93 Hj 93^4 28% 29 125 40 40 12 19 *6»8 •914 •26 '•2 2214 •8834 *3 •1739 2(1 39 99 \ '.2 99 9818 100 '8 94 14 •SA^ 13 14 13i< 52 14 53 18 18 II 3734 37 1« ,100 ,')0( pref. 121 7 Aug 10 32 Oct Oct Jan 8 Augl 5' Oi-.l Mar 13 24% Jan 1 Auglij 68 3M Ans Die 88 78 Feb 48 Jan •27 '4 7.5 2734 111. 11 31 •27 11 31 21 12 31 2ll<! 223e 22», 89 7g 89-8 53 •5234 I9% I9I4 1934 18% 19 37'>8 38 '4 16 42 25 •24 40 3913 39% 80 92 22 202 53. 43, 21 7 7 27 211.2 43 25 401, 27 •10 27 •27 21 12 •88 90 •31-2 4 825 17 331. •5 •31a •I914 •14% 16% 1734 3214 12 31 Do 225 230 '4 19 80 32 19 *78 11; 5 5 3% •1912 5 31a 43, •19 '4 21 •6% 7 •27 •lOia 271-2 829 2 'J 21% 12. 27 3I4 171-2 UOif, 3^-2 191, 19 890 4 191^ 'h 90 4 1'.) Do 9'i^ I95I2 195 'e 19534 196 1-2 118 118 118 ll'-s I2I4 '23 164 U'a 15 "v I ' 71^8 71^8 38 •Si's 35 77 «77 •10 13 28 "^a 101 Hi 3339 875 •217 1934 •76 1512 72 723, 38 •10 47<4 2234 941s 943, 130 89 • 2838 10134 33 "v 75 220 120 89 28 i20 '76 i!8S *=8 18 791a 381., 88 44 J18 371-2 •831.^ Ih 44 1* 4434 30 31 47 il9'4 {7534 J 134 7»a 84>2 4814 19'4 7534 V^K, ip 59 60 •2812 291., lOliglOl'j •211 215 S9 89 iv 159 159 •165 185 38 87 '66 291-2 29 V 712 8434 73, 85 47 ^47 19 14 1938 7.-) 38 76 12 'b 59»8 29 104 210 "u 89 22 7g 93 125 88 1011.2 3312 '•2 "75 521'.i 7S 219 1958 217 "19 L9»i •76 76 78 •714 71-2 44 V6 171.2 17iii '(91-2 82 14 37 88 37 ?S8 lO.'i 1 '-2 112 M7 217 20 78 18 86 45 30 114 -47 47 19 li 76 42 19 81 38 •83% 87 87 30 30 *% 1 7 110 86% 49 49 191-2 1834 •75 12 751-2 32 105 216 33'8 7534 11% 12 00\ 58 "a 29 69% S. 321.2 l()4'.2l04»8 104 % IO6I4 2143421434 «8U 89 4 1591415914 165 195 215 -89 215 8I4 Clolorado Fuel & Iron... / Do nref Coal <fe Iron. & Corn Products pref International Pitper..... Do prel Internationiii Power [nteruat'l Steam Pomp.. Do prel Manhattan Beach National Biscuit Do Xew Y''ork Air Brake North American Co., new C. (Clue.) Pressed Steel Car Do pref Pullman Company IJailway Steel Spring... VDo pref Republic Iron<ii Steel... Do pref Rubber Goods Mfg Do pref Sloss-ShelUehl Do St. & Iron pref Standard Roi)e <fe Twine., renu. Coal, Iron & RR... Texas Pacific Land Trust Union Hag <fe Paper Do pref Eoun. U. S. Cast 1. Pipe Do pref United States Express... United St;ites Do Leather pref 75 Do 11% 1214 United Do 53% 59% 32 14 31 8225 159 180 160 190 ,770 8% Feb 15 3 5 5 235 Feb ,75% Mar '4134 24% Mar24 3t>%Jan 41% Jan 4 1134 16%Oct Jau 22 30 Mar21 23% Feb 16 12 J'ne 2 22% J'ne 1 16% Jan 6 7 29% Jan ll%Jan 37% Jan Oct Oct 10 5 Feb 235 2% Oct 4j Jan 93 Jan 46 14 Feb 98 Feb J'ly 6 514 Jan 27, 2% Jau 2l%J'lyl5 ll%Jan 6%Mar24 9% Jau 2; 10 69 8,050 61 185 Jan 42% Jan 1934 J'ly Jan Feble. 1393g AuglO 117% Oct 169 Feb i2i4J'ly27 7% Oct 14% Feb 78 Aug 12 65 Oct >^<J Jan Jan 4 Jan 21 Feb 20 Marl6 125% Feb 225 Jan 15% Jau 55 Jan 82% Jan 122 Jan 22 % Feb 222 Jan 119 Jan =0%.4vi 12 58 Oct 227 Mayll 170 Sep 7 Jau 2ti 365 5 J'lyl 5 Oct loo 47% Feb 19 49% Mar 7 40 Aug ,580 25 % Mori'." 3812 J'ly25 24 Nov 100 63 Apr i 65 Jau 27 65 Dec ,775 8 J'ue2j 1634 Jan 26 % Not 240 185 Feb 8 21012 Apr20 164 Aug ;l 101%Jan 934 May 65 Mar 802 19% J'ne ,450 ,463 ,398 ,050 ,580 ,300 cl-51 118%Augl2 22% Jan 25 74% Jau 23 4 9 9 9 9434 .\u_ Nov 35 Mar Nov 85 % Jan J'ly 3434 Jan Sep 204 Feb 9 J'ly 19% Jan 57% Nov 74% Feb 23 Nov 73 Jan 28 Dec 46% May 70 Oct 39% Jan 15 60 la 2(i%Jan21 20 J'ne20 17914 Jan 23 136 May 2 6 15% Aug 13 64% Feb 9 72% Auglo 3734 Aug 1 Mar J'ne 7 40 Apr 7 152 71% Feb 9 78 Apr 7 6%Mar21 14%J'ly23 I014 26 29 1 6% Sep 36 Jan 4 4934 J'ly20 32 Oct 830 100% Jau 16 10934 Aug 16 94 Oct 1,560 14%Peb20 24%J'lyll| 10 % Nov 95 J'lyll 75 Oct 960 80% Jan 2 225 120 Feb 2; 13934 Jau 22 105 Oct ,0o0 80 Mar 12 90 Jan2ii 68 Sep 33% Jan 18 17 Aug ,915 24 Feb 3734 Sep .476 9234 Marl2 10234 Augll ,470 24i4Mayl6 34 J'lyi3 22 % Nov 40 67 Maylc 77%Aug 1 62% Nov 188 209 Mar 14 222 J'lylO 196 J'ly 450 16 Muylb 24% Mar 2| 16 Sep 7134Marlt 79 J'lyl3, 67 Nov 334 Jan 25 820 6 ilaylU 5% Nov Wells, Fargo & Co esfu Union Tele'gph West'gh'se El AM f g assen Do Istpref May 13 49%Jan2.i Apr 15 22% Jan 27 426 440 700 650 170 37 ,130 31%Muyl6 46% 1434 7434 3634 ', -Vug 2 250 310 215 100 12%J'lyl8i 63%J'ly25 2234J'ue29 34% Jau 25 124%Jan 4234 Jan. 108% Feb 6534 95 Jan Feb 23534 Jan. Feb Feb 22% Feb Nov 80% Feb- Augl3 5% Jau 2oj 58% Jan 4 5734 Dec 6 Sep ,350 6% May 10 914 Aug 2 594 40 .M.ar24 53 Aug 3' 33 Nov 100 100 Feb 24 8113 J'lyll' 95 Aug 6 Sep 940 6% May2i 8% Jau 25 ,940 73% Jan 4 86% Aug 13 71% Oct 5% Jau 15 9% J an 21 4 Dec 40 Jau 11 63%May2;i 30% Nov 750 43 J'lyl:i 50 J'lyUv 7"" J'ly ,744 10% Feb 6 19%J-ly22 689 41 Jau 4 7S%J'lyl9, 30% J'ly 31 8%Mayl:> 51i4Mayl3 May 13 47% Feb 106% May 29 % Feb 95 Feb 177 Jan 37 90 12 J'ly 30 Feb 60 Jly 34% Feb 22% Oct 72 Feb 67 Nov 97% Feb 34 Sep 6 % Feb 25 % Nov 63% Mar 22 Aug 4034 Jan, 4% J'ly 15 Jan Jan 15 81 Aug 19 4134 Apr 12 31% Jau 77 Jan 5 86 Augl7 34 Mar 4 1% Feb 24 600 25 May 10 400 3% Aug 19 45 Feb2J pref States Steel 63 ,210 pref 218, 247 Virgiiiia-Carolina (Jhora.. 23 ,843 Do pref 6 ,415 225 889% 89% Aug 14 l-'eb 55% Feb "835 pref 19% United States Rubber 105% 104% 104% 230 Brooklyn Union Gas runsw. Dock&C.Imp'i Butterick Co U S Realty<fe Construction Do pref 49% U S Realty* Improve'nl 875 12% 68% 59% 89I2 .89% 8912 160 159% 160 •180 190 180 pref Anacon(ia Copper 85% 86% -47 7534 110 7% 8'e '2 Do 5 76- 121 & •19% •I. 3% I2 19% 180 45 31 29 19% 159% I 41 8I2 52 112 ii-.nu;; pref Amer. Teleph. & Teie American V/oolen 73t 42 •18 81 37 38 85 "8 159 12 160 165 195 7% 82 451-; 107 71.J 1238 891... 19 78 -% 44% 8% 52% 9 62 112 li's 104 3^ 215 19 •76 33 78 220 3% 5-)"8 291-2 3038 14 4 123^ 59 30 12 89 19 78 36 'a 83% Do 29 (i American Sugar Ki 27% 28 Pacific Mali 100 la 100% eop. Gas-L.& 7% 712 42 42% 18% 19 •791-2 pref ''2% National Lead Do pref 95 78 220 19 42'.2 44 30 4 22% 33 878 •217 *76 171a 86 75 215 Do 12 35 78 13 a;89 331. pref American Sautt 38 95 89 33% Do 14-. 72 129% 129 27% 27% 10 1 pref Amer. Smelt'gdb Ketiu'g. Do 47% 477, lu8'-2 lOS'-, 95 101 123, 1434 12934 1293, 8V( pref Do 70 72 35 32 *75% 10 77I2 13 47.8 95 95 130 90 84% 85 85 •19 {TO -10 42 14 733 734 71-2 85 1234 47% 108% 109 23% 22% 231. 73, 8 62 •105 Do May 38% Feb 02 5534 Aug 19 21% Jau 27 431* Feb 8 1434 J 'ly 1 67 Jan (; '8 '2 3234 23% Nov 48 % Jan 10% Oct 31% Feb 675 75% Jan 6 90 Augl8l 67% Oct 9534 Feb 400 2%J'uel6 434 Jan 22 2 % Mar 5 % Feb ,200 16 J'ne 3 22 Jan 14 14% Sep 24%Jan .4'. 46 F'eb25 65 Augl9i 0634 Oct 52% Feb 8834 Jan 6 10734 Aug 17 9, ,710 80% Oct 99 12 Feb 100 110 Jan 21 130 Augl'.i 90 Ant 126 Mar 145 85 Jan 93%Augl2 80 Sep 98% Jan 14-: ,105 122% Mar 7 134% AuglO 107% Oct 134% Jan 4.'.0 123 Jan 4 13112 Augll 116 Aug 123 Deo -22% 23 1^ DisllUers Secant's Corp. 16334 165 General Electric 109 71a •% II4 5 lo pref Gas (N. Y.). 1183, Continental Tobacco, prel *6S 35 877% 791a 82 14 sola 38 44 45 •2a I2 S2 511-2 *32 •27% 27% 10034 10034 3334 3JJ4 78 «78 2,->34 1.2 35 76 •47% 48 108 2234 U4'i 71-2 51 112 •32 76 •10 130 40 121. Col. Hock. 19'i Consolidated 118 71% 130 89 1'4 105 112 7934 453t 71- 7^ 84% •27 101 45 51 •105 8;» 28 12 44=8 18 7934 22 -Ig 93 127 891^ 73. 43 "i 43 "i 7912 •3714 233, 94 3g 130 217 20 78 738 ns 771-2 '16 IOII4 101^8 3314 33 75 77 'e P17 193 78 1434 10934 iH934 15h «77'.j *47i^ 4734 13=8 11% 1138 19612 196% 195% 19612 11778 118 '117% 1181. 13'% 13 If 13 13 67 69'., 69 i •2212 23 2234 23 165 1633. 1631a 164 -14 -2 15 14% 14 '-2 72%. 72% •35 35 38 38 118 48'. 165 164 196 I9712 109 '4 109'. 23I2 *31l2 35 •108 »y 109 "4 2338 23 943b 133, 68 196 ills 1034 '6 69 09 \ 522 '^8 "2 2 % I63I2 1651. 151. 15 721, 72 •35 38 •35 •76 77 10 13 481. 5 48 '4 35 •35 •126 118 13 .6714 2214 66 66 823 164 9 93. 640 ,i:;j American Malting '-2 5% 9^6 lOU pref American Locomotive... 2111; Jan Jan Feb 55% Feb 27% Feb 22 64 -2 '200 i)ret American Lm8ee(l 890% 90 90 -334 334 4 4 •18 •18 19 20 20 b'd'-2 5939 62 6334 OO'v 60 "i 62 63% 65 ''t 103 12 1073, ior 107 104 104^8 104 104 1061-2 111715 '120 130 •120 130 •120 130 129 129 130 130 -93 93'-2 {9418 94I8 •9J 94 94 894% 94% -93 94 13310 134 1313,1133-8 131 12 I33I4 13U'a 133 IS'Jia I333.J 129% 131% *13(l'.j 132 131 132 13i 1-2 1311-2 131 14 1311, *13U'-2 132 •130 132 •136 13734 '136 138 139 •138% 140 138-'"'d 138^^ il37''8 13734 -1138 12 "11»8 12 -11% I2I4 -1138 121. 11% 12 *77i2 •77 1-2 •78 *77 78 73I2 734. 73 73 80 73 73 73 >2 73 "i 78% 80 '213 220 213 220 213 220 *213 220 213 220 •213 220 5 '4 *6 -51-2 5 «5>4 7 6 7 7 61-. '51a 49 V; 49>-j 4914 491^ •4914 4915 •49 14 491-2 -4914 49% 48% 49% 3612 36 1*^ 37 37 \ 37 37 3e 36 Si 3634 36'a 37 361a 36% * 65 65 65 65 65 " 9>8 65 "10" 65 89 »2 4 19 60 ig 60 104 104 'g •120 129 Oil .American Ice Do l.''/j'4 Mayl2 8204 Jan 33% Oct 17% Nov 300 79 J'lyl5 60 % Nov 1,380 24%J'nel4 3434 Aug 8 25% Aug 150 8834 J'ne 6 92 Augl7 82 J'ly 300 22 Augl7 2ti%J'lyI8 24 Not 180 J'ne J203 J'lyl4 171 Aug ))ref De 22 14 Jan i^ Deo 04% Jan 95% Feb 5220 Feb 2 226 1,279 ;,120 pref Do 31 21% i>li!tucll American Dlst.Telegrap), American Exijress American Grass Twine .. Amer Hide <fe Leather 7 *10% Feb 24 39% Apr 25: 24 Sep 32 87% Feb 23 99% AUglO: 7.1 Oct 158 Augll 81.yji2 J'lyl-<| 155 J'u( 2C3 200 71 Mail 4 100% Augl6| 6534 AUK 1 485 3:86% Feb 25 9412 Apr 61 83%Aui; 8011 9 Feb 17 14 I4 Augl 8! 9 Dei 3.')' 1, 42% Apr 19 53 Aug 10 35 J'ly 50 May 10 2134 Jau 27' 16% Oct 15 12'' 895 3214 Feb 24 41 Jan 25 27% Sep 14% J My 20 19 >« Jau 22 12 J'ly 770 37 J'ly27 6234 Jau 22 40% Nov ,425 21 1» J'ue29 2934 Jau27| 20 Sop ,505 16 J'ue L 21% Jan20| 14%Ocl ,520 37 J'ne 6 47% Jan 27 33 Kov 120 ,785 Adams Express malgamated Copper... American Car <fe Foundiy 21 27 213. 901. Do Do 434 2738 v. tr. cfs pref. vot. tr. ctfs. American Cotton 6 7 12 Do Istpref Do 2d pref Wisconsin Cent. Industrial &, 80 33 32% 92 la 91% 94 *22 22 24 205 *195 205 33 892 22 •195 211.2 39% '4 54% 35 19 78 39 225 230 53% 55% 19 17-\ pref Do pref \VTieeUng<fe Lake Erie... 42 26 17% racilic pref Wabash 1-. 16 41 191. 99 •14 la 1778 I918 73 38% 38% 38ii *225 230 03 14 04 % 21 7 6 '8 271.2 1< UnitRysinv'totSanKraii 53 14 04 92 22 -195 7 27 Union Do 14 1734 3934 5 ^4 434 Do ))ref. vot. tr. ctfs. Twin City Kapid Transit Do pref 94% 94% 41 25 92 25 203 99 9813 17 40ii 3218 99 14 25 1| 39% 9834 99 % 94 >» 17-^ 19 80 3J 9334 14 23=8 54H 39 94'% 41 230 19 39 99 3712 Jan 58 1 04 14 53 •141-2 15 14 Jan 1 991.2 52 "a 18 Highest Augl5| '-J 94 4II2 40 281.. Lowest Mario 17 May 17 .M 5734 5>-.-% Do 2d pref ,560 39 U Jau i< .'.934 Augmj Feb '161 185 1(10 150 C.& E. T.cuin stock tr ctf Jan 9 170 Augl 5 143%Sep .70 J'ly 173^ St. L0UI8 Soutliwe8tern. 17 J'ue 1 17% Aug 19 ,510 9% 12 Aug 30 Jan .-58 38 38 14 38', Do pref ,160 25% J'ne 1 38% Aug 24 Aug 60 Jan 55% 5';3: 55% 06i.( Southern Pacilic Co 224 ,805 41% Mar 14 66% Augl5 38% Sep 68 '4 -Mar 27 "a 2S% 27% 28% Southern v.ir. c(.s. slmpeit 113 ,645 18'4 Feb 24 28 '» AuglH 16% Oct 36% Jan 92% 931, 92% 93% Do pref. ,110 77% Jau U 93% Augl'.., 69 % (JCt do 96 Feb 94 94 M. <)fc O. stock r. ctfs. 200 90 Feb 25 94 Aug 85 J'ne 96% Mar 28% 283^ 27% 283^ I^eiaa & Pacillc. 17 ,20.'j 20% J'no 7 29% Augll' 2014 Aug 43% Feb 124 126 124 126 lard Avenue (N. Y.).. 310 115 Marl 4 120% Auglo: 100 <;ct 28% Jan 2034 Toledo Railways ife Li>?ht 20% 21 300 17% J'ue21 22 Jau 21; 17i4 0ct 37-% Jan 25-'4 26'-' 2534 Tol. 930 21% M8y27 29% Jau 23' 1 5 .Sep 31% Jan St. ctfs •251a L. <fc VV. V. tr. 98^8 •13 16 *14'.2 28 noi4 10 ?634 7 271* 2734 125 125 20I4 •19 26 liii •38 "a 39 14 99 99 2(t •241-2 391.2 '225 230 '225 •225 230 53I4 54=, 54 53 "-i 54 19i< 18-8 19 19 IS's •76 7812 79 79 79 32 14 33 H, 32 1« 3234 333^ •911.2 •91 Hj 92 ?9l 91 •22 '22 •22 26 26 '195 205 •195 205 196 • 41.. 5 14 •434 534 6 '3 la 434 4 4 *20 *19 •19 21 21 26U 28'4 126 J-'revioxit Year (Iyu3j Highest Lowest 9 35 IB I a8«8 *123 -IP 26 39 lianye tor 0?» basis o> lOU-share lota Week Shares St. Joseph t&(ir'(l Inland. 20 75 [Vol. lxxix. 08% 08% 161 186 16'4 17% 16% OmHj 175 15», ^6^4 yiK) '4 •72 37 \ 6ih 2638 91»a 63 27 75 Thurtdav STOCK.S Aug. 17 16 62 2634 27 72 75 15', •104 170 '10^ Wednesday Tuesday Aug. 16 Saturitau Aua. 13 161 9 1 Stock Record—Concluded— Page 2 7J8 •74 68 2 « I Jan Feb Feb I5014 Feb 15 '4 Feb 7934 15 55 May 23% Jan 9634 73 Jan 19% Feb 53 Feb 10 Nov 39% Feb 4934 Nov 3934 Jan 17% Sep 66-% Feb 80 Aug 128% Feb 8191 Jly 249 '2 Feb 80% Sep 93 Jan 97% Apr 16 106% Jau 26 8200 J'nelO 8225 Augl9 85 Mavl'.i .^9^ May 9 153 May 173% Jan 21 130 180 Augl 194 Jau 19 160 Oct 21 Sep 224 .Tun Jau BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS Bid Bankti Ask i'eopli''3l: 400 300 225 290 17 th Wardli. 1,">5 Brooklynfi .. Oon'yI&BBI 1 Bid Bowl'gGreen BroadwayTi C'lR'tyB&Tr Central Tr%i 210 200 160 155 176 I'iuipir© Unionll 310 Trust Co% FarmLo&Tr 800 200 Sprague 190 L30"' Siuyvesautl 135 160 . Sldell. Ask I '>.>r, Ave Tr Guaranty Tr Guardian Tr Knick 'rb'k'r Fifth 148 530 2000 275 312 65 186 275 Lincoln Tr. .. Manhattan .. Merciutlle .. Merchants'.. .Metropolitai Bid 1300 025 575 160 900 345 47a 975 .>90 MortouTrusi 870 ."vlut.AUiancc 200 Ask. 1850 550 Bid ASk NYLife&Tr 1000 N Y See Ji Tr 630 1030 North Amer. 245 250 Trust Co'a .)00 Tr Co of Am. t-)77 Union Trusi 1350 1400 U SMtgdkjTi 400 420 i-j 610 890 220 . U25 VauN'deuTi 193 Washingtou Windsor . Ask BROOKLTK 170 Unit states Bid Brook yn Tr 390 Flat bush too Real Est Tr'i 3'25 StandardTr'i 325 1025 -10 Trust Co's .<90 t]61 1475 202 Franklin :j20 Haniiltou Kings Co 340 1)20 400 L Isl L&Tr. 240 Nassau 306' B20 People's Wllllamsb'g. KIO 335 220 WaUaboutli K(luitableTr 650 380 400 ;65 Bid and asked prices; no sales on this day. 8 Less than loo sItareH. c Ex rights, c Ex dividend and rights. Sale at Stock Exohangn or at auction this week. Kx stuck dividen I. 3 Trust Co. certlticitea. *) Banks marked with a paragraph First • i'40' CITY Bankers' Tr 144 510 1950 City Trust... 265 Uilouial 302 Coiumonw'th 05 Kasleru Tr.. 1S3 North Broad wayl,.. 300 Trust Cob. N. Y. . Nassau Nat City 136 Ask Mauulactrs'. 355 Mechauics^l 280 Mercliauts'.. 130 BBOOELTN BorougliD Bid Knnks BKOOKLYN Wash.H'ht.sH 200 WestSideji.. 500 lorkvilleli .. 875 (H) are State .^55 bank* i New York Exchange—Bond Stock Record, Friday, 4 1 ) Weekly and Yearly OCCUPYING FOUR PAGES BONDS Price Week's STOCK EXCHANGE Week Ending Aogust 19 Pridav Range or Jiange Since Aug Lant tiaie January N. Y. 19 Ask Low Bid U. S. Governinent 1 ..(iiy^U S2soousol coupon S 23 cousol reg small .rflJ.] S 2s cousol coup small. ttiy. 50 S 3s resistered ft, IS SSscoupou :- .iHiS S 3s rest small l)on(]8../cl918 a 33 cou siiiaU bonds.. /C1918 S 4s registered '4H; S4s coupon '4xxl iy;^5 -^ Q-J O-J Q-J y-J 105^4 105'6 J'ly'04 I05I4 106'4Mar'O4 105 10514 104''8 105 105 14 105^4 106'4 J'ly'()4 107 J'ne'02 105" '.'.'.'..'. 105 J'ly'04 Q-J 106^4 1(17 Q-J 10U-'4 Q-F S 4s registered Q-F S 4s coupon -- V.j PhUippin© islands 4s.l914-34 Q-F 105 IO714 105i4l06'4 15 104!^ 1063 1053^ 108 105 10G''8.J'IV'O4 10f.'4 107 >2 IoO'Ik J'ly'04 I3II4 13214 132^8 May'U4 1063s 13238 13112 11134 >2 131»-il32ii l31'2Aug'04 lll%Maj.'04 110 107 '8 108 '4 168 182 '8 134 111 '4 1 9512 Feb '02 f95 ,.. ba -lis 01 /onr marks to o ne do Liar. 93 15 226 92 '2 93^8 93 Sale 93 '8 Oct '4 paid full ctfs Japanese Govt Gs 10 1 »2 Sale 101 '-2 101 't, 196 9812 1017^ Kopub of Cuba 5s ctfs fuU piiitl Aug'04 loO's 9838 10112 Sep 1904. 100»s of 68 2d instal paid tor 197 "-2 J'ly'04 1:9712 10012 U b 01 Meiico s i g us of lb9ii y-.l i. 0/ $5 to i. fi Hese are pr tees »i t?ie b Store Securities IO214 Aug'04 102 102 3j 1906 J-J 102 Js. Alabama class A 4 to 5 109 '4 Oct '00 1900 J-J 102 h Class B5s 102'-2Mar'l)'. J-J 190G 4s Class C lU Mar'02 1920 J-J Ourreucj' lumUug 4s 121 Mar'03 1924 F-A II8I2. Dtst of Columbia 3-(J5s 102 14 J'ly'04 10214 106 Louisiana new cousol 4s. .1914 J-J loyi-i Keb'99 SmiUl 1894-1995 J-J Missouri luurting 101 J'ly'04 10 1 102 Nortli CaioUua cousol 43.1910 J-J 102' 136'2J'ly'01 1919 A-0 68 4 Mur'OC 120 J-J 1933 20-40 Carolina i2S So 9512 96^2 96 J'ly'04 95 14 97 Xenu new settlement 3s. .1913 J-J J-J 93't:Xov'03 Small 92 '4 Mar'04 9478... 9112 9-'' Virginia fund debt 2-3.s... 1991 J-J 6 1-2 J'ly'04 7 61a 6s deferred Brown Bros ctfs. t 77i('A«! are. 1.. Inv pur mon g 4s. 1931 M- S price s on IKe . iCailroad laba Mull Hee Albany & Susq tsec So Ky At Coast Line 6'ee Del & Hud tiee Peuu Kl! AUeg West isee Bull li & P /il995 Ann Arbor Ist g 4s Allegiieuy Valley <fc Q-J T & S 6"6 gen g 4s. ..1995 A-O Keglslered 1995 A-C Atch Adjustment g4s Kegistered /il995 Xov /i.199" Nov Stamped /i 1 90 5 M-N Debeuiurts 4s Series D.190G FA East Okla Div 1st g 4s. .1928 M S CUic <fc St Louis 1st 6s. .1915 Atl Knox & Nor 1st g53..194G Atlantic Coast 1st g48./tl95 Charles & Sav Ist g Vs. .1930 1st gold Gs..iy34 Sav F Ist gold 5s 1934 Ala Mid Isl gu gold os 1928 Bruns & Ist g-u g 4s 193b Sll Sp Oca & G gu g 4s 191B Atlantic <fc L)auv tice South Ky Atlantic & VaiLk Nee Soutli Ky -bet' Sou Pacili< Austin & Bait <& Ohio prior 1 g 3 'as. 1925 Registered /iiy25 Gold 4s /il94S Registered /ll'J4b Couv deb 4s 1911 P J un <fc M Div l8t g 3 '231925 P L E <fc Va Sys ref 481941 Southw Divlst g3'2S...1925 Kegistered /tl925 Mouon Kiv 1st gu g 5s. .1919 Cen Oliio K Ist cg4SiS..1930 Pitts Clev & Tol Istg 6s 1922 Pitts <fc West 1st g 48... 1917 <)!; W W aw W J P M <fc Co certfs Bat Creek <& h .See Mich Cent Beech Creek Hee N Y C <£; H jW- 95% 103 '4 Sale 103 95 96 9334 Aug'04 IO3I4 10312 103 14 J'ly'04 98112... 95i4Aug'04 82 1-2 Jan '04 93 14 93 ViVi 99 97 9634 J'ly'04 93 ... ... b J-D M-S 110'4 lOOSg Sale J-J 133 128 114 1-2 Oct '0; lOOSj 100 A-0 125i8Nov'03 A-O 113'4 H2\Jan'04 M-N 113^114^4 114 Aug'04 J-J 95 ... 93 J'ly'04 J-J 9714... •dS Aug'04 J-J Q-J 94 7g 9511 9478 931,. 95 14 May '04 A-0 10314103^4 103:'8 J Am Cent Pacific See So Pacific Co Chas & Sav See Atl Coast Line Chescfc Oliiog 6s ser A-./ilOOb al911 Gold 6s 1939 Ist cousol g 5s Q-J M-S M-N 98 90 102 92 98 .\I-N J-J Q-J 1-2 9134 Sale FA 106 M-S I0914 A-O 120 "-^ J-J 103 98 J'ue'04 91I2 Aug'04 9838 9b 3, 9]l4 913. 90 '4 J'ly '02 105 Si Mar'(i4 108 J'ne'04 . 100 =18 1031a J'ly '04 1!9'2 Mar'04 98 J'ne'04 100 14 Feb '03 97 & Car Illinois Ceul Moutauk 6'ec Long & West Hee Atl Coast L Bulfalo JM Y & Erie tiee line Bellev Bklyu Bruns /s'ee <fe 1 K <& P gen g 5s. ..1937 M-S West Istg 4s gu..l99h A-O Cl<& Mah Istgu g58 1943 J-J BuHalo AU& FA Koch& Pitts Ist g 03...1921 Cousol Ist g 68 192'-i J-D Bullalo (ii Southwest Hee Erie Bun <fc Susq 1st ref g 4s.rfl951 J-J Bur Cedar K :^o 1st 5s. 1906 J-1) Cou Ist <fc col trustgos.. 1934 A-O & II712 110 103 Apr'97 121 "a Mar'04 123 15 123 li . II912. 122 1^. 97I2. W Istgu 08. 1921 A-O Id <t St L Ist gu g 78 C'lanada South Ist 5s -'2d OS Kegistered 1927 J-1) 1908 J-J 1913 M-S 1913 M-S Garb & Sliawrn tiee III Cent Carolma Cent Hee Scab Air L Carthage & Ad .See JS' Y C & 11 Ced K fa H' <lc N .see B C K cfc K Cen Brancli U Plstg48...iy48 J-D Cen Brauch Ky .see Mo i'ac Cen KK& Bot Ga col g 58 1937 M-N Cent ot Ga KK 1st g o3..j>1945 F-A Cousol gold 6s Kegistered Ist pre! income g Ss 2d pret income g os 3d pret income g Ss 1945 M-N 1945 iM-N pl^ib Oct pl945 Oct pl94o Oct 1171a 98»8J']y'04 102 12 iiyis. 10238 1035, 119 J'iie'04 120 12 Mar'03 1934 A-O Kegistered CBl FA;N 115 14. 110 110i'2J'no'O4 103iuSalo 103 '2 103'e 107 109 109 T'ly'04 105 107 J'ly'04 '9319 95 931a 931-, 110'4 llUis Ill Sale 108 la J'ly '04 117 U7 IIII4 111 107 J'ne'04 83 84 82 "a 83 > 4412 46>2 44 16 \ 3134 31 Sak 29 MU & No 1st M L 6s. ...1910 104 102 1 07 14 133 130 JSIO Feb'04 1 High, 9212 92 Si 104 104 Loll) J'ne'99 Aug'04 133 1OT4IO714 128 134 12712 13012 J'ne'04 lllHi J'ly'04 A-O 107 la AO 108 lllia ll8i4Sale 11534 11712 107 Sale MS 111141131a lo'i" i'o'3'1^ 100 10278 M-S M-N A-O 106^8 118=8 J'ly'04 107 103 Apr '01 lis Miiy'i)3 Aug'04 J-J J-J xV-O A-O M-N M-N M-S '02 Dec'O;-! Aug'Oa 10638 108 108 108 11414.1151a 1141a J'ly '04 1061210714 10538 J'ne'04 133 14 129 Apr'04 II8I2 Aug'04 1181a J-J 116 J-J J-J J-J J-J J-J J-J Q-J J-J J-J J-J 1291a. 113 . 10934 . i'loi^ 109 '. llO'^a 116 xVpr'Ol 110i4Fnb'04 11534 llllr: 1 . . 11078... 10934 ... 11478... 11134... 1161a... 1283g... J-D J-D Q-F F-A F-A 9 8 'a 100 la i'13'ii!;; 130 llliallS 108 1094 169 175 109 11038 107 14 HO 109121091a 9714 9878 11538 109=8 11434 10934 11534 May'04 Aug'04 Mar'04 10934 10834 11738 11638 119 111 117 11134 iie-is 1181a 106 169 106 169 May'04 II2I2 H2ia IOG34 107 IIOI4 112!^ 10934 IIII4 II4I4 J'ly'04 112 J'ly'04 1151-.. J'ne'Ol 128I4 Aug'(i4 10478 J'ue'04 102=8 May'04 991991-. llGig 112 11738 12934 105 102=8 102=s 961a 100 llO'g 112 ill 114 11034 II4I4 127=8 10234 Nov•9^ 103 117 IIII4II8 J'ly'04 Dec '03 110 J'U6'04 107 Mar'04 105 J'ly'04 104 Mar'04 108 14 J'ue'04 105 101 10034 108 115 126"-2 169 112i2J'ly'04 107 i!ay'04 111 lUia. 100 105 114 II214II6I4 11 14 Aug'04 137i2.riv'99 11534 118 11734 106 10634 106 106 102 95 14 90 1-2 91=8 91 10538 19818 129 129 114iall8ia 116 11534 11278... 80 102 1910534 109 34 10334 100 =8 192 ^ 103 la 10634 9878May'04 II6I2 Apr'03 I'28i2 8514 741a 99 i'i 29 J'ly'04 113 J'ly'04 109 la J'ly '04 172 172 110 Aug'04 109 12 Aug'04 109i2J'ne'04 . 811?. Dec '02 120 116 11476 118 J-J J-J J-J J-J J-J 9414 Oct M-N M-S J-D A-O M-N M-N . 9913103 97 J'ly'04 78I4 8334 Apr '02 10434 Aiir'oo 10034 102 J'ly'04 9438 Sale 94 14 9439 901a Apr'04 103 14 10534 Aug'04 II0I4 10y3, Apr'04 102 1021a 102 J'ly '1 1047c 195 Aug'04 105 Dec '03 100 10034 Feb'04 J-J 103 10934 logialllia 11434119 113 118 100 la 107 J'ly'04 1111-2 J'ly'04 II8I4 11012 U3's 112 IOII2IO3 102 ygia 95 106 106 la 94I4 90=8 831a 8412 84 7 8 14 Sale 78 •« J-J J-J J-J 1913 1915 97 98 Chic & Northw cons 7s Extension 4s 1886-1926 871a 'Jliv 92 12 98 la Registered 1886-1926 159 87 14 9: 1987 M-N General gold 3123 Registered J'198^ Q-l105 12 105 la Sinking fund 6s. ..1879-1929 A-O 108 lOS 1879-1929 A-O Registered II912I22 Sinkiug fund 5s. ..1879.1929 A-O 98 98 Registered 1879-1929 A-O Debenture 5s 1909 M-N 1909 i\l-N Registered Debenture 5s 1921 A-O Registered 1921 A-O Sinking fund deb 5s 1933 M-N Registered 1933 M-N DesMo&Minn 1st 78. .1907 FA USi-jin-is Milw& Madison 1st Gs.. 1903 M-S North lUinois Ist os 1910 M-S Ott C F & St Paul 1st 5s 1909 M-S Winona & St Pet 2d 7s. 1907 M-N 12 II2 1211a I21i«124 Mil L S & West 1st g Gs 1921 M-N Ext& Imp slund gos 19'. FA 9718IOO' Ashland Div Isl g 6s.. 1923 M-b IOII4 103' Mich Div l8tg6s 1924 J-J 1151-2 119 Convertible deb 5s 1907 F-A Incomes 1911 M-N llOiollOiv Chic Rock Isl & Pac 6s.. .1917 J-J Kegisteretl 1917 J-J 1021-^106 General gold 4s 1988 J-J 104''„]09 Registered 1988 J-J Coll trust Series C 4s .. 1905 M-N 105 107 H48 lyiu M-N M48 1915 M-N N48 191G M-N P48 1018 M-N Chic R I <fc Pao KR 4s. .2002 M-N 94 10 90 Registered 2002 M N Coil trust gold 58 ton's 10SI2 1913 M-S Choc Ok <fe G gen g os .ol919 J-J 1 iii;i-i 118 Cousol gold 58 41 10334 112 1952 M-N 105 '2 107 DesMdi FtD Isl 4s 1903 J-J "84j 6534 S4 l8t2ias iyo3 J-J 46'-^ Extension 4s 28 5! 1905 J-J 3' Keok<fc DesM 1st 68 122 18 1923 A-O 1st cousol 6s Hig)i .l2i2May'04 1011-2 PW ',j Ask Lo Sale Since January Last Sale 11236 115 IOOI4 '10314 J'iy ''04 103 la 1023ft 1031* 102 14 Aug'04 M-N 1939 M-N 1992 M-S Kegistered General gold 4 I2S 1992 Kegistered Craig VaUeylstgSs... .1940 lj«fc A Div Istcon g48..1989 1989 8dconsolg4s Warm Spr 'Val 1st g5s.. 1941 Greenbrier Ky 1st gu g Is '40 Cliic & Alt UK ref g 33... 1949 Kaiiway Ist lien 313S... 1950 1950 Ke gistered Chic B cfe y— Cli & laD 5s 1905 1922 Denver Div 48 1949 lUinois l)iv3ias 1949 Registered 1949 Gold 4s lovra Div sink fund 5s.. 19 19 1919 Sinking fund 4s Nebraska Extension 48.1927 1927 Kegistered 192 Southwestern Div 48 Joint bonds See Great North 1913 Debenture 53 Han & St J OS consoles.. 1911 Chio& E llllstsf cur68.1907 1934 Istconsol g 6s 1937 General consol Ist 58 1937 Registered ChiCcfc Ind C Ry 1st 5s. 1936 Chicago & Erie .S'ee Erie 91^8 y53._ Chic In & Louisv ref 6s. ..1947 62 9878 1031.^ 1947 Refunding goklSs 99 103" Louisv N A & Ch Isl 63.1910 ^1^4, 95 Chic Mil cS; St Paul con 7s 1905 8212 82 1914 Terminal gold 58 96 87'-^ 9312 General g4s series A..el989 98 100 el98y Registered 92 14 971-. Generalg 312S series B.eiy89 1921 Chic& LSuDivgSs Chic & MoRiv Div 5s. ..1926 280 91 100=8 1910 Pac Div 6s Chic & 1921 Istg 5s Chicfc 1916 Dak& GtSog5s 1924 112^8 ll'-i'" Far & Sou assu g 6s 1910 109 1 1 4 Hast<fc DDivlst7s 93 1910 93 1st 5s '.18 1908 98 I& D Exteu 1st 7s 1919 LaCrosse<fe D 1st 63 1910 Mineral PointDiv5s 1910 So Minu Div 1st 6s 9 2 78 '.)6l2 1909 Southwest Div 1st 6s 92I4 95 Wis* MiuuDivg58....1921 IOOI4 103 '2 100 103 Week's Range or S5 104 103 107 133 133 -D 1946 J-J gen'lgold 53.1987 J-J ftl987 Q-J Kegistered Dock & Imp gu as.. 1921 J -J Le & Hud K gen gu g 58 1920 J-J Leh & Wilks B Coal 53. .1912 M-N yiyio Q-.M Con ext guar 412S N Y & Long Br gen g 4s 1941 iM-S OentotN i-j Alabama Cent J cfe Nor Div Ist g 58.1946 J-J 1947 J-J Mid Ga & Atl Div 6s Mac Mobile Div Istg 53 Q-F y-F Q-F y-F XJ Foreign tJoverniiicnt Franklorton-Main S^ss ser l04-'4 104% Range Price Friday Aug 19 Bid No Low High Central ot Go,—( Continxied Cliatt U S 2s coDsol registered. dl930 U U U U U U U U U U Jiiyh BONOS STOCK EXCHANGE Week Endino august 19 N. T. la IO8I4 llOi-j 106 104 104 107 la 107 106 104 14 118 1087e 10834 10834 1151a 118 11418 116 107 106 106 Nov'02 105i2Mav'04 105=8 Nov'03 1061a 1051-i llOia 12938 130 11734 10934 J'ne'04 127 I4 J'ne'04 11734 Mar'04 10834 Jan '04 J'ly'04 H4ii3J'lie'04 106 107 la . 142 1331.2 130»8 105 la Dec 'O: Apr'04 Sep '03 12234... 125 J'no'04 1221*... 122 "a Aug'04 1041'. 104 IO4I9 104 107 Jiiu'03 94I2 94 93 73 4 Sale 'si's Sale' 104 10434 9714 94'a 9514 10634 1124 Fcb'O: 13134 103 109 100 97 1091a 120=*, 129 117 14 11878 103 103 121=8 125 120 1221-j 17 101 1051a 97 J'ly '04 97 97 96 93 90 May'04 May'Ol May'04 96 93 90 66 12 96 93 90 72 71 733. 1270 '8 823,, 104 =8 Aug'04 S4:), Jan 74 '4 71 '8 83 73 104=8 104=8 10378 103'8 7034 665 '04 1037j,Jan'04 95i4 0et '03 90 98 Oct Jan '03 '04 9334 98 1041a 1063^ 10634 J'ly'04 lUlSCKLXiANIiOlJS BO.NOS—ContinoccI on Next Page. Si reel Kuilway Brooklyn Rap Tr g 58 1945 A-O Ist refund conv g 48 2002 J-J BkClly Istcou 58.1916, 1941 J-J BkyCo&Scongugo8.1941 MN Bklyu Un El Istg 4-5s.l950 FA Kings Co El Istg 48 1949 F-A Nassau Elec gu g 4s 1931 J-J City S Ry Bait Istg 58.1922 J -I) Conn Ky A l,lst<fe rctg4ias'31 .JJ Deu Con Tr Co 1st g 58...1933 Den Trara Co con g 68. .1911 J-J <fe AO Met Ky Co gug68..1911 J-J pet Cit StKyl8tcong58.190i J-J Hr KauidsKy l8t K38...aiyit J- 1) Louis lly Co Istcon gos.. 193( J-J 99I4 1061... 2 106 82 376 72 'ft 82 109 Is 3 l(P738loyiv 1051a 106 803, Sale 106 110 102 107 10713108 loO's 102 Aub'04 108 1071a 91 14 9078 9078 Sale 87 '4 Sale 97 la Sale 8O34 H534 88 102 !()(> lortv 9 P., "u 100 98 231 97 14 97 \ 96 J'ne'OO 82 79I4 90 >8 98 MarketStCKy Met St Ky gen Igt g 6s..l91 :: col tr g 68.1997 109 JJ FA 103 II4I4 II6I2 Nov'Ol .Mur'U8 Bway47thAvl8tcg6sl943 J-D 116 J'ly'(>4 *Mo prio« ITrlday; latest pnce thia weeic a Due J an li Dae W Kl Ky & L 30-yr g 5k.192(; .Minn SI Ky Istcon g 68..191'.i 81 JoKy Lt H<fcP I«tg5s.l937 St Paul City Cab con g 68.1937 Union El (Chic) Isl g 6s..]94r. .Mil W Gnw .\pr e 92>4 11834 1I7'4 .... 93'.,, 96 1181a 104 la 114 93>8 ]17-''4 96 1'21 94 95 10 J'ly '04 09 "a Dec '9!' 110 110 HO . 92 »9 89 115 1« 119 J'iie'04 Oct '99 J'ue'O'J 106 • 36 no 94 FA J-J 92I4 9214 11834 Aug'04 11734 Aug'04 933^ Uoia J'nc'04 121 iVIN J-J '. i'l'6'>4 1 A-O I 84 '8 *79ia 841.. 84 14 7913 1(9 841.. 76 4 80 7914 H4ia 81 Deo '97 nn<l Klectric \Au^iX G )j Co Istg 08... 104, J.l/ Bklyn U Gas Isl win g 68.1945 Vl-N 1115 lir>'V(Ang'04 nu2<4 11534 Due May yii\io.fa« /tUuoJ'ly /c Une Aug oUae Oct p Due Nor (Option saU lUi-illG',, 1121, 1 16 n4S. Aug'04 92 Col<fe9lUATl8lgu g 68.1993 MS Lex AV& P Flslgu g5s 1993 M-S Third Ave RK con gu 48 2000 J-J Third Ave Ry Isl g3s..l937 J-J M ot S El (Chic) l8l K 48.193s FA United RKsSan Krst 48.192. A-O United Itys St L 1st g 48.1934 JJ Chic St 40-yr coub g os. 193i. M-N Ist 100 Street KniKray Met St Ky—<CoH;R«r g 4s200_ A-O AtlantA . . Bond Record—Continued— Page 720 BONOS STOCK EXOHANOK Week KNnmo Augost 19 i;a; Cons Ch rerlncort to :< Chic A- Choc (J cm H W Mlcli ulf i33"";;;;;! 131 \'19\ 13034 Oh.-.I'.)]',! I'-'S'e 74 G <fe 8 i^9 2(lKold I <fc St High No Low Jdigh 130>8 13334 Feb '04 13014I31 Mar'04 1293, 12934 120 123 4 74 194 72 >» 823, 73 ".J lll'eApr'04 110 IIII4 Sale 111"* f 104iaDec'03 113 Oct '00 A-O lOlHj. J-J 113i4J'ly'04 Illl4ll3'4 mv 1990 M-N Bpr <fc Col Dlv Ist g 4s. .1940 Val Dlv lstg48...]940 J-J C i Bt Life C consol 68.. 1920 M-N let gold 4a ...A:19:i(! Q-F KeKisterert MS WW Kegistered A:193G Cln S<fe CI con Ist g 58. .1928 I consol 78 1914 ConsolalDk lund78 1914 General consol gold 6s. 1934 Heslstered 1934 Inrt Bl * Ist pret 4S.1940 lat pt 58...dl938 O Ind & Peo<fc East iMt con 4s. ..1940 Income 48 1990 CI Lor <& Wli cou 1st g 53.1933 Clev & Marietta See Penn RR ClevA Mahou Val g 58. ..1938 Cler & Pitts See Penn Co Col Midland Ist a 48 1947 Colorado* Sou 1st g 48... 192 9 Coluni & Greenv See So Ry Col <fc Hock Val See Hock Val Col Conn & Term See N & Conn cfe Pas Rivs Ist g 48.1943 See C <fe St P I \ak <& Gt So COC& W W 101«8 95'>8l02 9934 10 P4 98 98 1« 9934 10234 99 99 . . 106 105 10041024 loo's 115i4J'ne'04 120 J'ly'03 .125 128 "a. 11041151, 128 128 <fe Waco <fe 99»al00 61 AO •IISJ^ 99 Sale Atig'04 96 68 61 61 100 65 11241124 Feb'04 116 60 V,. 84 601a 84 . lie 60 V; 66 82 84I4 116 63 14 894 A-O W NY J-D J-D Registered 1917 con gu 78. 1900 Registered 1900 Guar gold 68 1906 Registered 1906 ReD8<& Saratoga Ist 7s. 1921 Registered 1921 Del Riv RR Bridge See Pa RR Denv A R Grist con g 4s. 1936 Consol gold 4'28 1936 , & Sns 1 St <fe . 1274180 12878 133 127 MS A-O A-O A-O A-O Feb'03 13334 Mar'04 149 Aug'Ol 106 J'ne'04 122 J'ne'99 104 May'04 103 Apr '04 142 J'ly'04 . 107 , 106 . M-N iil'ei M-N J-J J-J Elm Cort & No See Leh <fe N Y Erie 1 St eit gold 4s 1947 2d ext gold 5s 1919 8d ext gold 4 "as 1923 4th ext gold 58 1920 6th ext gold 4s 1928 Ist consol gold 78 1920 1st consol g lund 7s 1920 Erie Ist con g 4s prior. .1990 Registered 199t; ist consol genUen g 48.. 1996 Registered 1990 Penn coU tr g 48 1951 BuffN Erie Ist 7s. .1910 Butt<fe S gold 68 1908 Chicifc Erie Ist gold 6s.. 1982 Jeff RR 1st gu g 58....al90y Ijong Dock consol g 6s.. 1935 Coal & RR Ist cur gu 68.1922 Dock* Imp lat ciir68..1913 1474 J'ne'02 10014 Sal© 100>4 10014 1063g 109 104 14 J'ly'04 107 108>8 106 Aug'04 99I4 9934 Sale 997( 89 91 91 Aug'04 M-N 99^^ J-D J-D J-D 99 A-O A-O J-J J-J A Ala See Sea -See Sea .See So 100 97 Jan '02 24 Mar'04 111 Feb '01 100 Aug'04 944 92»8 38 Sale 77 79 11278 116 112 la Sale 84 104 4 85 102»4 108 71 1044Aiig'04 86 101S4l04>f Ry VGA Nor See So Pac Co Gouv A Oawegat See N Y Cent Grand Rap A Ind See Penn RH Gray's Pt Term A'ee St L S W Gt Nor— C B A Q coll tr48 1921 116 97 », 300 97 97 4 Aug'04 97>4 Sale Registered. /i 1921 Greenbrier Ky ;S'ee Ches A O Gulf AST 1st ref A tg 5s 61952 J-J A St Jo See C B A Q ousatonic See N Y N H A H Hock Val I8tcon80lg448. 1999 1999 Registered 10278 Sale 1027, 1034 904 38h 90 102 98 106«^ Han 108 A H V l8texlg48..1948 Houst E A W Tex See So Pac Honst A Tex Cen See So Pac Co 109 1087e 109 105 4 J'ly '04 Extended l8tg34s 1st gold 38 sterling 104" iod' 10534 .106 ,103 Registered 1953 1950 Cairo Bridge gold 48 liOtlisville Div gold 348.1953 Registered 1953 Middle Divreg58 1921 St Louis Div gold 38 1951 Registered 1951 Gold 34s 1951 Registered 1951 Spring Dlv 1st g 348. ..1951 Western Lines Ist g 48. .1951 BeUev A Car 1st 6s 1923 1044. 94 1«, 108 . 7934 94 92 . 1064. CarbAShaw Ist g 48... 1932 Chic St L A N O g 58.. .1951 Registered Gold 348 116 1014 102' 94 Mar'03 99 14 Oct '0, 1952 Registered 115 , 102 LN O A Tex gold 48.... 1953 1034110^ 10541074 1004 100 >« 115 Apr '04 1134Mar'00 ioi" Sale 102 102 110 1951 1951 1951 1951 1951 1952 1st gold 348 Registered 12 100'4Apr'04 Oct '01 104 Apr'04 1064 Mar'03 94 4 Aug'04 80 85 4 "95" IO7I4 J'ly'04 106», 1074 1244 Apr'04 12441244 Nov'98 11934 Mar'04 9318 May'04 104 102i4Dec'03 101 Mar'02 NoT'Ol 106 Mar*04 107 4 Dec '02 98 J'ly'04 120 J'ly '04 Sale 100 100 70 Nov'03 1124115 101 934 95^ 93 II914. 9314. 121 100 1044 94i4Aag'04 101 4 Oct '99 100 Nov'OO 1204. 984 102 101 123 May'99 85 4 MaT'04 90 119 107 Is 107 14 IO24IO6 J'ly'04 102 104 101 884 Aug'04 724 73 72 63 119»4 106 106 984 98 101 11888 121 97 100 10941124 1124Ang'04 874 118 87 86 89 68 73 M SeeStLASF KOAMRAB Paclilo 24 36 Kan C A Kan City Sou M 98 944 100 924 944 37 664 10934 111 46 84 1124 A See K T Ist gold 8s. .1950 1950 LAN Kentucky Cent See Keok A Des Mo See C 112iall2>a lis J'ly'04 114 J'ne'04 11334 J -ly '04 110 J'ne'04 Hi's 109 113 101 111 May'04 1017gj'ne'03 134 J'ne'04 130 Aug'03 98*8 99 , 13514 133 4 98^8 Sale 8638 Sale 911a 9134 AW 116 1194. n94Ang'04 IIII4. 1144J'ly'04 112 Feb '04 1104. . Ist 93 73 Oct '00 RIAP Knoxville A Ohio See So Ry Istg 6s.. 1937 Lake Erie 2d gold 58 1941 North Ohio Ist gu g 6s. 1945 L Sho A Mich S See N Y Cent Lehigh Val (Pa) coU g 58.1997 Leh Val N Y 1st gu g 448.1940 Registered 1940 1124 Leh V Ter Ry 10834 1094 10334 108 gu g58.1941 115 Ill 109 1941 Leh V Coal Col8tgug58.1933 Leh A N Y Ist guar g 48.. 1945 964 99 11541194 11041144 1114112 107 14 May'04 110 110 106 Jan '04 116 110 109 4 Oct '99 107 Jan '04 93 May'04 107 1074 10434 110 105 116 106 116 107 92 107 93 1945 EIC A N l8t g Ist pf 68.1914 Gold guar 68 1914 1054. 1001% J'ne'04 100 «8 100^ 131^13518 Long Dock See Erie Long Isl'd— lat con g58./il931 1174. llOVt J'ne'04 116 <fe 91»4 9134 119^8 Aug'04 106 134 118 132 Apr '04 118 J'ly'04 113 4Nov'03 108 4 Jan '04 111 J'ly'04 98 Aug'04 103 4 103 4 '» 102 i 110'4 10938 111 84 87 14 8534 8884 85»4 9514 I25I4I26I4 116 120 Aug'02 1134 Jan 114'4 Ka I8lgug5s.l942 984 984 10379 9534 1 9638 10014 98 4 Jan '04 85 4 864 224 8534 Feb'04 125 14 J'ne'04 112^1115 1937 1940 Teriiiinal st gold Ss. .. 1943 Regis $5,000 each. ..1943 MidKRolN J I8lg6s.l910 114 114 1123811334 IO8I4III 111 1144 41 126 >4 104 14 lao 110»a 110>a 2d gold 4>i28 General cold 58 130 182 1134118'4 ibs 4 108 4 1094111 98 lOlSg 1014104 11341134 '04 11034 MBy'04 1104111"^ 1094Ang'04 1064111 A-O 66 J-J 174 70 Sale 70 Aug'04 173 174 64 70 17138 174 109 Leh A Hud R See Cent of N J Leh A WUkesb See Cent of N J Leroy A Caney Val See Mo P Ist consol gold 4s .1014 994 J'ly 1938 1922 1932 Unilled gold 48 1949 Debenture gold 58 1934 Guar ref gold 4s 1949 BkJyn A Mont lstg68..1911 l8t5s 1911 Blslcong 681935 NV R B Ist g68 1927 N NorShB Istcou ggu5sol932 Louisiana A Ark Istg 58.192 Louisv A Nashv gen g 6s. 1930 Gold 68 1937 Unilled gold 4s 1940 Registered 1940 CoU trust gold 5s 1931 6-20-yr col tr deed g 48.1923 E H A Nash Istg 6s.... 1919 101 100 Kd E 111 See N Y G A E L H A P Eq G LN Y Ist con g 08.. 1932 M-S 1124 E(i G A Fuel See P G A C Co GaaA Elec BergCoo g5s.l949 J-D Electric deb g 348. .1942 F-A Or Rap G L Co let g 68. ..1915 Hu.t.son Co Gas 1st g 68. .1949 M N Kings Co El LAPg5s...l937 A-O Purchase money 6s 1997 A-O Kd El UBkn l8tcong4s 1939 J-J FA 88 4 91 964 106 J'ne'03 112 Nov'03 9534 98 4 Oct 88 Dec '00 106 4 Aug-04 »0 4 10734 IO514 1214 124 92 4. 10378 94 »8 J'ne'04 i . 101 1014 J'iie'04 9678 1017, 110 110 103 Aug'04 1004103 10134 J'ly'04 . 10514 Mar'03 112 Mar'02 112 4 Jan '02 112 4Apr'02 10378 103"^ 118 J'ly'04 114 4 J'ly "04 10041037, 115'4 118 11441144 1144115 113 98 102 10178 1017, 109 113 112 1114J'ne'04 HI4III4 90 904 J'ly '04 984 Sale 100-'4 1014 Tg J'ne'04 J-ne'o4 983, 984 1094 Sale 109 94 I8tconvg6s..l910 M-S 964 994 118 FA 1904 1943 1947 1937 1204 . 100 101 ' 98 1024. J-D 10134 A-O 1244. M-S 106 . . . . 874 904 105S8 1094 93'4 944 10534 J'ly '04 1204 J'ue'04 Sale 1054 ChG-LACkel8tgug5s J-J 106 Con G Coof Chlstgug58.'36 J-D 107 Eq G A F Ch Ist gu g 08. 1905 J-J IOIS4 90 1094 964 1024 105^ 1154 1204 1004 102 Mny'04 Mar'04 100 100 1014 J'ne'04 1014 1014 1013, Ang'04 103 101 11334 1244 124 4 J'ly '04 103 Apr'04 107 J'ly '04 107 107 101 Mar'04 gu g5s. 1947 M-N .103 1014 1014 Mu 11741204 9338 94Ss Syracuse Lighting 1st g 68. '51 J-D l«r MS A El 6s. .1949 109 Feb'Ol Trenton G g 105 108 4 Due Feb ctDueApr eDueMay ADueJ'ly kDueAug oDneOct {Due Deo FuelGas 1204 Aug'04 LMcGasLofStLlstgSs.enm y-F 1084 1084 10H4 " No price Friday; latest bid and asked this week. oDueJan 1054 IOOS4 Feb'04 Oct '00 110 101 68.. NYAQKl LAP A '01 98 i'ajfe. NYA 61 . 108 II5I4. 10078. 1905 J-J Ist consol gold 5s 1st con g 681930 Rich Gas Ist g 5s. 1921 M-N C 1st gu g 68..1904 M-N Peo Gas 904 J'ly '04 1094 1174. NYGKLHAPg .1948 J-D Purchase money 4s. ..1949 FA 2d guar gold 68 Ist con gold 68 Refunding gold 6s . . Onn niitl Electric ijglit MUwaukee Gas L 1st 4a. .1927 M-N Mnt Fuel Gas Co see Peoj) Gas ill 1014 102 104 109 4. BAM YA Ed El 101 116\ '04 1094. g 904 J-J F-A . 984 h.1931 General gold 4s Ferry gold 44s Gold 48 lVUMCUL.Lj\.N£OUai BONOi^-Contlnucd on Next Oi:ii Mar'98 1044 Registered N Y Green L gu g 58.1940 N Y Sus & W Ist ref 68.) 937 EdKllUBkn SeeKCoELAP 105 M sr 38 78 71 112i8Ang'04 M-N iiei*, W tinm nnil Electric l^ifcht Buffalo Gas Istg 68 1947 Ch G L A C Co See P G A C C< Consol Gas con V deb 6s 1909 Con Gas Co See P G A C Co Detroit City Gas g 68 1923 Del Gas Co con let g 68. ..1918 J'ne'04 120 A Line A Line Registered Y& Wllk<fe Georgia Registered MS 107 107 . 814 86 W <fc Det<& Mack Ist Ueu g 4s. 1995 Gold 48 1995 Det Son Istg 48 1951 Ohio Sou Dlv Ist g 48... 1941 Dul & Iron Range l8t68..1937 Registered 1937 2d 68 1916 Dul So Shore <fc Atl g 5s.. 1937 L^astot Minn 6'eeStPM&M JCiaat Ten Va & Ga See So Ry Elgin Jol & Bast Ist g 5s. 1941 107 10334 104 4 Sale 1951 1951 108 14 109^8 Registered 1951 Memph Dlv Ist g 4s... 1951 13334 I87I4 St L Sou l8t gu g 48 1981 Ind Bl A West See C C C A St L ibeigibs" Ind Dec A lat g58 1935 Ist guar gold 58 1935 IndlU A fa Istg 48 1950 104 106 Int A Great Nor Istg 6s.. 1919 103 103 142 142 2d gold 58 1909 3d gold 48 1921 Iowa Central 1st gold 58. .1938 Refunding g 4s 9534 101 14 1951 IO4I4I04I4 Jetferson RR See Erie S 103 106 4 Kal A A G R See L S A an A Mich See Tol A O C 94 101 K C Ft 8 A See St L A S F 83 91 102 13638. 13034 12934 IIII4II54 100»4l034 ifl Improvement gold 5a. ..1928 J-D Rio Gr West 1st g 48.... 1939 J-J Consoland col trust 48 1949 A-O UtahCentlstgug4s al917 A-O Bio Gr So gu See Rio Gr So Den & S West gen s t g 58 1929 J-D DeeMol&FtD fieeCR&IP Minn See Ch N W Des M DesMoiUnRy Ist g 58.. 1917 DetM&Tol *'eeL8<feMSo 126 "4 112'8ll288 1284 J'ly'04 J-J 129 1144 J'ly'04 F-A 112>4 M-N 103^1 104 >2 103 4 J'ly'04 IO8I4 J'ly '04 A-O 108 Warrenlstrefgug3>28.2000 F-A Del & Hnd 1st Pa Dlv 78.1917 M-S Alb 112»8Jan'04 130 J'ly'04 130 J'ly'04 140 Oct '98 . 1915 1st ret gu gSSzs 2000 Lack cfe l8t68...1921 Construction 58 1923 Term & improve 4s 1923 Syr Blng& N Y Ist 78. .1900 1004 J'ne'02 .VeeSoPacCo CoUlYust gold 48 II414. T Registered Har & S A Registered 1124 Feb '04 & Western 78.. .1907 M-S 11134 Morris* Essex l8t78...1914 M-N I29I4 1st consol gaar7s 1915 J-D 1301a. Del Lack W&A RioGr Ist 48. ..1928 W g ^al Illinois Central 1st g 48. .1951 104>aNov'01 W 'alias JJigh 101 112 Col Mar'04 128 Apr J-J F-A 12 100 >a 100 J'ly'04 .... 984J'ly'04 102 101 J'ly'04 99 Jan '04 95 102 Dec '02 94iaAng'03 93 105 "a. 105 Jan '04 102 "a J'ly'04 A-O Q-J A-O J-J 102 >a 111»4 J-J J-J U6 Gila Sale , J-D J-D l/ow 106 4 120 A lliitAPeroM .See Pere Mar Fla C A Penin See Sea Air Line Fort St U 1> Co l8t K 448.1941 Ft Den C Ist g 08....1921 JUgh January I J'ne'04 II9I4I2O 106 106 1064 Jiange Since 39 c? I Georgia Pacific 100 98 101 Ask Low Bill & Ga Car A Nor <fe W& Week,'* Jiange or Last Sale 'TalH A Hon882]Rt 38.1913 A-O •1044. <fc i Krie A Pitts See Penn Co KvaiiH T H Ist cons 68.192) latgeneral gold 58 1942 Mt Vernon Ist gold 6s. .1923 Sull Co Branch Isl p 68.1930 Ev &, lud 1 Hi con gu gOs.. 1926 L^argo & So see Ch M St P / Oln S Ist gold 4s 193ti J-J Cairo M Divl8te48.191U J-J Cln 8t L Dlv latcol tr g 48. .199(1 M-N /y<ce fVidav Aug 19 Ft 78... 1905 19:<7 58. ..1941 M See M K STOCK EXCHANGE WBKK EKUINO ADOD9T 19 N. T. 1 Pere Marq US' D I Ist gn (t L & C 6>« C C C St 1, & C &•<•< C C C St L Oleartleld A Mali See B R P Clev Cin C <& St L pen g 48 1993 J-D 102 Cln C January 123>aJ'ly'04 SeeCHX&V consul 1) <fe HO.NOS Jiange Since aqoo 13334 J'ly '04 93 Dcc'O.S ivS.l'.iSii iten K<JR(7l!IH2 ,SC(' jlsk'.Low 6a...l'.l:ii) OlUciiKO Tor Trans k ia...l'.>41 Cluct West Iml 19 lS3i« IstjrGs I'Jls Nor Wisconsin Ist St P Jfc S City let e Aug Hid ClflcARlI. SccAtchT.feHHKc Clilc 8t L <fe N () are III Cent Chic St L & Pitta See I'l-iiii Co Ohic St P M ,fc O cou Os...Ui:<(l oust Pit Minn Weed's Jiange or Last Sale Price f'ridav N. Y. iVoL Lxnx 2 103 104 1064 1094 104 101 105 1st « 107 101^ 106 ^ Option sale 8 1 9 Bond Record—Continued— Page All«. 20, 1904, BONUS Price STOCK EXCHANGE Wkkk Enuinq AuGtrsT 19 N. Y. So* 108 "4 Jan 123 i< J'ly 1931 M-N 1074 LCln& Lex polrt4'2S...-.1930 J.J 126 130 l8t gold 6s.. N O & M 2(1 1930 J.. N O & M gold 6s M-S I Pensacola Div eold6a...l92U 1921 M-S St L Div l8t sold 6s '04 123\ii25"' 122^4 Aug'03 11638 Mar'02 121"2... 122 Apr '04 74Hj 75 J'ne'02 113 Nov'99 106 ... 119 M Joint 48.1952 1952 95 J-J J-J Registered F-A Fla&S l8t>n»K58---lR^T N Pens & Atl l8t fru g 68.. 1921 P-A FA .198b 68. con fpi g Ala N S <fc 1910 A-0 Sink fund gold 68 M-S 1945 gug48.. Co Edge Jeff LA L<fc N-Soutli LN A <fe Ch 6'ee C Se« ahon Coal M!lanhattan Ryconsol4s.l990 990 I Hi's. W See N Y <fe B V Metropolitan El See Man By Mex Cent consol gold 48. .1911 l8t eonsol Income g 38.al939 2d ooneol income g38..al939 1917 Equip A coll gold Ss 1919 2d series gold 68 C«H tr K 4'i28 l8t Ser....l907 1977 Mez Internat Ist con g 4a. 1977 Stetnped jrnaranteed 1910 Mex Xorth 1st gold 68 Midb Cent «ee N Y Cent Mid or N J 6'ee Erie See Chic <fe N Mil ii S * Mil 4 Mad SeeCUic&NW A St P Mil A Nortk See Cli Mian A St L l8t gold 78.. 1927 14^ Sale FA 93 88 115 117 KaAAGRl8tguc58.1988 L gtt Mo Kan A Tex 108% 92^4 J'ly '04 90«8J'ly'0] 91 113 116 97 118 1634 J'ly '04 J-J 103 Nov'Ol 99^8 1st ret g A Wa l8tgtig58...1940 .MN Kaa C A Pao Ist g 4s.. .1990 FA M» K A It Ist gu g OS. ..1942 A-0 M K & T uf T l8t gu g 58. 1942 Sber Sh A So 1st gu g 58. 1943 J-D .\I 1900 Missouri Pacific 3d 7s 1920 l8t consol gold 63 Trust gold 5s stamped. ol917 ol917 RHgistered 1920 Ist coll gold 68 Ce»t Br Ky Ist gu g 48.1919 Leroy&CVALlstgSs 1926 Pa<; K of Mo l8t ex g 48.1938 2il extended gold 5s. ..1938 St J. Ir jM& Sgen con g 6sl931 Gen con stampgtdg5sl931 Unified <fc ref gold 4s. .1929 Biv A<T Div l8tg4s.. 1933 1933 Registered Verdi V 1 c& \V Ist g 58.1926 MobA Bimi prior lien g 53 1945 1945 Mortgage gold 4s Mob J A K C Is; cons gSs. 1953 Mob A Ohio new gold 6s.. 1927 l8t extension gold 6s../ll927 1938 General gold 4s Moutgom Div Isl g 58. .1947 St L, A Cairo coll g 4s..el930 Guaranteed g4s 1931 M A O coll is See Southern Mohawk A Mai SeeXYCAH Mouougahela Riv See Mont Cent See St P M A M Morgan's l>a A T See S P Co 99 A Essex See Del LAW St L 1st 7s. 1913 Nash Chat &gold 100 102 89 >a Sale 110 111 110 88 loS^ '105 1U2>2 .M-N 108 M-S M-8 107 >a. MN FA FA 94 Hi lomj J-J F-A 102 J-J 114*4 lie^j Sale A-0 A-0 Jan '04 89 Si J'ne'04 106 102 Aug'04 108 J'ly '04 12134 Aug'(i4 107^8 108 IO6I4 96V; 9434 lOflas NYANE iBtOs N y A North See N Y C A H N Y O A W ref Ist g 48..(/1992 M-S Regis $5,000 only ^1992 M-S 99 MS 102 90 1064 111 42 99 106 100 103 1094 118% 122% 116% 91'iiSale 91 96i« 08 J-D M-S F-A llHa. Q-J 108 9434 116% 96 11141114 91 91 126>8Ang'04 12334 1264 121 90 130 91 Q-F Apr "04 921a J'ly '04 . 98iaNov'03 J-J I2II4 J-J ll6»4Sale 113H, 112'* 113>3 W A Al Ist 6s. .1917 of... Registered 1997 J-J 1884-1904 M-S 1884-1904 M-S Regisldeb Ss ot...l889-19U4 .\1-S J I) Deltenture g 48. ...1890-1905 Registered 1890-190 J-D Debt certs exl g 48 1905 M-N Registered 1905 M-N Lake Shere eoUg 3'a8...1998 Registered 1998 g3><28 Registered 1998 1998 FA FA FA FA Beech Creek I8tgug4a.l930 J.J Registered 1 93tf J-J •M r« gol«l6s... 193t J-J Beech Cr Ext lat g 3 "as ftl951 A-0 A Clear C A I Istg 58.1926 2d gold 58 1926 Kan A H C A C 1st s f g68.1951 120 113 J'ly '04 113 02 14 Aug'04 100 40 73 1 7534 100% loo's Sale 100 ' 11, 102 121 1064 J'ne'04 1064Nov'00 10541064 U64May'04 964 974 . Sep 100 . '03 Mar'04 1234. i3134 Apr'03 101%. 101% Apr "04 100^8 101 103% Sale Sep 10334 101 101 101% 101% '03 104 1004104 Dec '03 100 761^ 1001'4 M-N FA FA J-D J-D J-J 113 103 4 78 100i« 10014 89-<8 86 105 1, 101 99 Dec '02 9934 May04 9:iiaNov'()2 91 14 91 3h HOi^ Ang'04 89I4 Aug'04 91 Jan '03 1(15 4) J'ly '04 91JaSale s7 9634 10134 100'>H 90 89 102 Wf, 98 991-^ J'ne'04 1013.1 J 'ne'04 LOl 10J% 10034 100% 10041004 100 100 101 9941014 16 93 4 86 86 914 854 914 Mar'04 104 lt)0 102 lO: 126 . 9934 J'ne'04 9434 Sale 105 Sale 1034 744 72 J-D J-D F-A Q-F F-A 7434 ... 974... J-J 105 104 74 4 1014105% 104 4 72% J'ne'04 974 974 704 76% 6834 72% 97% 97% 12241224 . 1224 Mar'04 132 . J'ly '99 . 1124 J'ly '0.1 1054Apr'04 90 4 Nov'03 94 94 113 4May'04 110%. 109 4. . 994102 101 743, . . 99S4 874 95 1054 123 118 96 88 Ill 9934 104 11034 A-O 100 -a. J.D Q-M 93 14 95 t3'58 1074J'ly'01 101 4 Aug'04 10641084 94 86 111 1134 110 J']y'04 108 4 J'ly '02 110 110 certil's 4 A-O M-N 4 1094 105 110 l02 4J'ue'04 102 Apr '02 108 4 Aug'04 10534 j'ne'04 102 4 102 Hi J-J J-J MS 108 110i« gug 3 48.1916 M-N St L A P Ist con g 6s. 1932 A-O Registered 1932 A-O CI A P gen gug 448 ser A. '42 J-J Series B 1942 A-O Series C 348 1948 M-N Series D34a 1950 F-A Erie A Pittegug34s B.1940 J-J Series C 1940 J-J N A C Bdge gen gu g 4 48 1 945 J-J PCCAStLgu448A...1940 .A.-0 Series B guar 1942 A-O Seriee Series Series C guar PittsFtW 3d 78 Penn KR 1942 M-N 1945 M-N 1949 FA l8t78...1912 J-J U)1'2 J-J A1912, A-O D 48 guar E 34 guar g AC . Ist real est g48.l92;-!iM->: 109 1024. 108% 105 90 92 10534 108 !« Nov'98 934 924 Dec '03- 9734 118 102 . 99 . 1114 98 J'ly '04 1184J'ne'04 95% 98 118 118»« Jan '04 Nov'OO Apr '04 96 96 110 "a Aug'04 110 Mar'04 110 110 102 J'ly '04 108 1034 Aug'03 1123, 954 944 96 102 94 94 103 98'4 11034 11034 110% 103 914 120% 119% 121% Aug'04 127% Oct '02 9134 121 104 'j 108 Mar'114 119 Apr'04 1074Miir'04 9334 10934 98»4 1104 1114 no no 1014102 92 90 ; 121 121 119 119 104 4107>ji - 103 100 Sale 72 Sale 66 106 100 74 72 7fi 104 103 Nov'OO Mar'04 100 105 105 954100 794 09 694 75 10241024 J'ly 04 72 10'J4 J'ly'<'4 , BONOS— Continued 107 Muy'97 102 4 Oct '03 1064 Feb'02 108 . 1284. 101 Consol t«rling g 68 1905 J J Con cnrrenoy 6s reg...(/1905|Q-M 106 Oct '00 92 106 08 J'ly '04 I AC Istg 58.1949 MS Wh LEA PC Co Istg 68. 191 J J ac of Missouri See Mo Pac Panama lets fund g448.. 1917 Sink fund subsidy g 6s.. 19 10 Penn Co— Guar Ist g 44s. 1921 Registered 1921 Guar 348 coll trust reg.1937 Guar 3 4s coll tr ser B...194I 2d78 107»4 gsf 68.1928 J-J RochAPitCA pur m 58.1940 M-N Tenn Coal gen 58 1951 J-J 904 92 Tenn Oiv l«t g 68 al917 A-O 106 Birm Div 1st consol 6»..1917 J-J Cah C M Ce 1st gu g 68.1922 J D De BarC& Co gu g 68.1910 FA 112 4 Apr '04 111 1124 130 Aug'03 127 Nov'03 I254I32S4, 13234 Aug'04 40 964102 101% Sale 1014 102 110 W 11341134 10O'6Apr'O4 100'2Mar'04 '1(»1 Plea« ValCoal Isl *Mo pno« 121%122 J'ly '04 101 J-J M See N Y Cent AW See C C C A St L OInd hio River RR 107>i C I8tg6s..l919 A-O 103 Jell "Va Iron Coal 964. 60 100 Oswego A Rome See N Y 1244 O C P A St P See C A N 11041154 Pac Coast Co 1st g 58. .. .1946 J-D 1094. 124iaJ'ne'04 115>4 II514 113 Dec '99 113i2J'n6'04 I»IISCELJx4N£OUH Ool F»el Cegea gold 68. ..1919 Col F A 1 Co gen s I g 03. .1943 Conrcrtible deb g 68 1911 TruBt Coetfs Registered certific's..l923 ADul l8t58....1931 2d 68 1917 Ist consol gold 4s 1968 Wash Cent Ist g4s 1948 NorPacTerCo 1st g 63.. 1933 Nor Ry Cal See So Pac Nor Wla See C St P AO StPaul C Con! nnd Iron 0«1 C A I DCT Co gu g 58.1909 J-J 1 121 .M-N W Tr Co <fc Registered , 102 104'2 76 "a Sale New 11 A D ticc xN y N H A U NJJuucRR see NY Cent New A Cin Bdge SeePennCo N O N E prior lien g 6s j?1915 A-0 N V Bkin & .Man Bch See L 1 N y Cent A H Riv g 3>28.1997 J-J Coal<fc 1090r1124 121 1084 Ist g 5s. 1936 J-D General gold 58 1937 A-0 Ore A Cal See So Pac Co Ore RR A Nav See Un Pao Ore Short Line See Un Pac Branch Ist Os.... 1917 Nash Flor A Slinf S^-e L A K Natof Mex prior lieu 4'28.192G J.J l8t consol 4h 1951 A-O Gr Riv 109%Apr'04 121% J'ly '04 11934 10434 Jan '03 944 1134114 884 92 4 Nor A Mont 94 Si J'ly '04 113HiMay'04 , W . . . OX'S lll»9Mar'04 91 Feb '04 121 . W 103^4 108 '8 91-8 96 J-J 125 <%. 110 97 A 1922 C C A T 1st gu g 5s Scio V A N E Ist gu g 48 1989 North Illinois See Chi A N North Ohio See L Erie A Nor Pac— Prior Uen g 4s.. 1997 101 Registered 1034 1997 1094115 General lien goldSs a204 111%117 Registered a204 St Paul-Dul Div g 48. 1996 84 Registered 1996 914 91 96 C B A Q coll tr 48 See Gt Nor StPA N P gen g 68. ...1923 104 106H, 101>3 J 1941 M-N 1931 M-N extg6s..l934 FA New River Istg 6s 1932 A-O N A Ry Ist con g 48.1996 A-O Registered 1996 A-O PocahC A C Joint 4s.. 1941 J-D Improvem't 10634 100 May'Ol 102iaAug'lt4 115 Aug'04 95 1* 9534 112 95 J 1928 A-0 5s Jasper Braiicli 1st g 68. .1923 CentMU 1905 J-J 1905 J-J Nor A South l8tg5s Norf A West gen g 68 102 86 10934 Oct '03 J-J M-N M-N l8t cousol Mi««i Nov'03 121 139 126 113 112 122 100 Morris Debeulure Ss 98 9841013* 1274 19371A-0 N Y A Greenw Lake See Erie N Y A Har See N Y C A Hud N Y Lack AW See D L A W N Y L E A W See Erie NYALongBr Se^CentofNJ 12041204 NYANE SeeNYNHAH New York New Hav A Hart— 113 118 Housatonic R con g 5s. .1937 M-N 954 98 N H A Derby con g 58.. 191 M-N BAG TAP 10034 98 98 i. 964 10034 N Y A Put See N y C A H 78 »9 79 78», 15 754 81 78% ^1990 P-A N Y A R B See Long Island 1944 M-N 102>3l03'2 103 Aug'04 See Erie 984 104% N Y S A 84 80 83 >, N Y Tex A M See So Pac Co 48. ...2001 A-0 831a J'ly '04 9994 100 10641094 105 4108% W May'OO 99 121 117'8 1071:1 114 ... 113 Apr'04 113 1154 1154119 1181a 1194 119 Aug'04 11334 Jan '02 11634 11634 Oswe A R2dgug5s...el915 P-A RWAOTRlst gug 58.1918 M-N 10334 1044 Apr '04 104 1044 Utlca ABlkRivgng48.1922 J-J 105 4 22 10234 1054 N Y Chic A St L Ist g 48.1937 A-O 1054Sal.^ 105 96 J-J Dal McM M MS l8t7s J-J 1<»84 NY 120iuPeb'04 121 Jan '02 118 Aug'04 96>4 Aug'04 118>a 1084 1074 10634 1073, 107 W l8textg»ia 5s LDiT 6 142 Dec '03 112% Deo '03 138 J-D Ist g 4s. ..1990 J-D 2dg»ld48 J-J J-J J-J 1934 J-J 2d guar 68 McKee8ABVl8tg68l918 J-J Mich Cent Ist cohboI 68.1909 M-S 1931 68 1931 Registered 1940 4b...: 1940 J-J Registered 1951 M-8 J L A § Istg 348 1962 M-K l8tgS48 Bat C A Stur Ist gug 3s. 1969 J-D 48... 2000 M-N Harlem Y 3 N A g 2000 M-N Registered A North Ist g 5s.. .1927 A-O R A Ocon I8text58.7il922 A-O C'l RR let 58. .1934 McK AY Ist gu 68.1932 Mahon Pitts 93, See B C R Jt N M StP A S S M con g 4 int gu '38 M A P Ist 58 stpd 48 int gn 1930 MS8M<feAl8tg4intgu 1920 MiBa U> See St P M AM 2361 J-J Registered M 108 1174 714 105 107 4 J'ly '00 105 Oct '02 106 4 Nov'Ol 115 116 112 A-O A-O M-S M-S J-D 1st is gu... 2361 J-J Since Apr '02 96 GouvAOswelstgugSs 1942 J-D Moh A Mai 1st gu g 48. .1991 M-S Range January I Low High High. Lake Shore gold 348. ...1997 J-D 100% 10034 100% 100% 99 98 Apr '04 1997 J-D Registered 1928 M-S 10134 siie 1014 10134 200 Debenture g 48 1014 Feb'02 114 78.1906 A Ist Tol A Mon Det I0714IIO4 198 86' West Shore 60 12 14'( " if) 954 101410534 62»e 100 Ask Low Bid . aS a; 994 J'ly '04 9 1909 J-D l»wa Ex l8tgold78 Paei«c Ex 1st gold 6s. ..1921 A-O Sauth West Ex 1st g 7s. 1910 J-D 1934 M-N Ist consol gold 5s 1st and refund gold 48. .1949 M-B St em 13»4 62iiiSale J-J J'ly J'ly Range or Last Sale 89 914 99 10688 10619 IO6S4 1063. 103 'a Deo '02 107»4 107^. 1073< A-0 . Friday Aug 19 9714 110 W W St J'ly '04 Jan '04 J'ly '04 Mar'03 9313 99 108 90 4s. NJJuncR gu Ist 4s. ..1980 FA NYAPulst con gng4s 1993 A-O Nor A Mont Ist gug 5s. 1916 AO 122 Cent McK'pt A H* .114'2 115 ] 117 114»s. A-O 1 Rofflstered Metropol El Ist g 68.. ..1908 J-J Coloniz g 58.... 1934 J-D Man S MiBB 17 1 gu g St 1 Registered 95 A M ^S L 8 &\^ I 95 .... & Ad 1981 J-D Clearf Bit Coal 1st s f 48.1940 J-J Cart vvJnSV M-S HenderB<lfrel8t8fg68.1931 M-S 99 12 99 Aug'04 99 4.S..1987 J-J Cent KoW Kentucky L&N & MAM I8tg4>28l945 M-9 '*108iellO 107>i2j'ue'(l3 2dpoia3s N. Y. Since. Week's Price STOCK EXCHANGE a; eg January J Week Ending August 19 High No Low High N Y Cent& H Vi—( Continued) '03 or Last Sale Ask Low Bid L0UI8V& tiaahv—(Continued) 721 3 BONDS Kange IVeefc'« Range Friday Aug 19 . 1 102 102 4 104 >4 102 71 71 32 Friday; laleat bid and aakadthla we«k. Apr'Oi Aug'1'4 9134 on Next Pane Tclenrapli nnd Telephone Am Telep & Tel coll tr 4s 1929 Connn Cable Co Ist g 48. .2307 Registered 2397 Erie T & T col tr g 8 f us. .1926 MetTifc Tlsl8 f gSs 1918 N Y A N J Tel gen g 6H..1920 No Wesln Teleg See West Un West Union col tr cur 5s. 1938 Fd and real est g 44s. ..1950 iMul Un Tel h fund On. ..191 iNortliw Tel gu f 4 4»g..l934 Dec '03 Jan '00 • Due Jan MN M-N J-J 94 04 90 1004 Oof 00 lO'.t 1104;!.;] 106 109 MN 104% J-J 107 101 M-N J'ne'04 964 100 4 Apr '02 Oct '99 J'nc'04 105 4 J'ly '08 111934 109 '4 1003* Sale Sale 109 105 109 1044 104% J'nc'04 101 107 4 105 103 107 103 J'lj''04 100 964 98 J'ly '04 86 87 80 4 87 96 70 82 74 10!> 107 103% 92 Xaniilnctnrinx vV IiiduMtrlal Am Cot Oil ext 44« 1916 Q-F Am lliileA L l8t 8 g 0s..l919 M-S 10041OM.^ Am SiiirltJi Mfg l8tg08..1916 MS Am Thread Utcol tr 48. ..1919 J-J 064 71 Bar A 8 Car Co Ist g 6h... 1042 J-J 6 Due Feb «DueM»r ffUuej'ne A Due J'ly 102 100 (3 1014 108 Aoa'04 J.J Q.J I 95 804 Sale 87 804 80% 106 p Une Nov f 81 Jan '00 Option sale. 997* 86)» 88 81 , — — 3 1 V 1 Bond Eecord— Concluded—Page 4 BONDS STOCK KXCHANC WBKK KNOINO AUOl'bT 19 fouu KK (Continued) K. Y. K- it Weekt Jianye or Ltut Kale ma 1919 M 194H M 1912 M CouverIil}l<>K:5SiM Alleg Val ton pu k 48. ..1942 M Cn <ft Mar Isl ku k 4 S-8..1»;ir) M- Atlc 10«»ii 98 <4 bale 104 14 108 14 HK*'l8lKll 48 E. :)() K Low 114 urn 1131a C0U80I poll! 68 CoUHut KoKt 48 UKKliJt triee fYidav Aug 19 nONDS Range Since January [Vol. lxxix. STOCK EXCHANGE Week Exdino August 19 J Sim<fc 1-ewis l8t K4s...l9;j(i j Latt Sale High Ko Low High, Southern Pac Co (Continued) Bid Atk Doc 'OS H<fc TCl8tg6«intgu..l937 J.J llCa.... Consol K 6« Int guar. ..1912 A-O 112 113 Gen gold 4h int guar. .1921 A-O 94 .... 041a OS's 125 Waco<fe N Wdivl8tj?68'30 M-N Morgan's La & T Ist '78.1918 A-O 1291s.... Aug'03 98 1« 98 S. 385 102 Nov'97 112»4 Mar'OO 983« Ist gold \m\ le\ lHlKUK4'-j8l941 108 "2 Apr '04 108>al08>2 )$« N YT&Mex 104*4 W 94 90 115 95 M FA W W W . . FA . l:-0>a 121 104 »6 107 100 Oct lOK 'o.i 102" Apr 04 11334 115 bale 110 12034 122H2 116 118 112'^ 877g IO7I1 Aug'04 Mar04 101 Feb '04 lllHj<Jct '02 103 Jan '04 117'^ 117 110 Feb '04 101 101 103 39,111 io:< ...||108 11(1 91 14 953. May'04 11334 Aug'04 118 113 11 117 120 120 112 J'ly '04 12218 122 4 124 J'ly '04 116 Aug'04 109 11234 90 14 11538 116 'I22I4 9638 118 11334 120 112 11834 12218 120 114 112 124 116=8 1V>\ 87 87 Hi 103Hil06 110 J'ne'O. 115 Jan'o: 116 Aug'o1 10 Hj May'04 93 Dec 'Oi 115 J'ly '04 11138 118 12] '..234 97ie 97 97 114 J'ly '04 114 114 10 931.. 98 96 'k 97 117HjApr'04 115 117Hj 11238J'iie('r 87HjJ'ly'0< 105H2J'ne'0 123 Feb'O: 114 109 Hj ' i"02 1151411514 114Hjlt4Hi 119 119 107 111! 108 lOS'* Feb '04 95 110 110 110 116 110Hj112Hi 112Hj116'4 117 J'ly'OC 104HjSep'0i W KC& M 130 121 118 120 112 11714. 99H2. II2I4. 110 . M 112 113 901a 94 Apr'04 May'04 119 109 108 9634 1X514 ^ Jliah, 110 112 94 J 'It '04 127 HjFeb'02 130 12 Low II5I4 J'ue'04 114i2.-^pr'04 97 Sale 114 H. . 1< A-O Apr'04 Ang'04 102 102 98 117H2Sale W W M ;34 10234 IO4I4 105H2 MS 11 115 115 109 109 10134 . Hiuh 112 102 105'2 NO Low 87i« 8334 85:<H 3181 76 106-4 Aug'04 105 108 108i« 10734 Aug'()4 10534 102 Mny'04 101 Hj 102 853b Sale 10034 10734 AC '.J Rangf. Hince January 1 104»8J'ly'O4 113 Jan '01 100 Jan '01 107 99 14 W 5T! S5«l Range or fYidav Aug 19 .::6. 1920 J.J gu 1st g4M. 1912 A-O ll]()34 Noof Cal 1st gu g6s 1907 J-J IIO"* 117 Muy'OO Guivranteed gold 5s 1938 A-O U N J HU <t (Jan K«" 48.1914Jm Ore cfc Cal Ist guar g 5s. 1927 J-J Pfusaoola ik All .S<ie L.<fc IS'a»ti SA& A Pa88lstKUg4s.l943 J-J I'eo A- East Ace O C C «fc St L 120ial23i2 118 121 Way 19211q. SoPof Argu lHtg68...cl909 J.J I'eoiV- Pik Uiil8tK6a 101 JMy 98 101 bl921 M 1st guar g 68 cl910 J.J 2il pol«14'as 106 .. 109 Apr M Os 1921 j S Pof Cal Istg 68 Turn ^larq— Cli<k 1905|AO 12118 A i.ir' 192(1 a l.il's.llx 12; Ist g 6s series B 1905 A-O Mint it P-Al f;«s 111^4.. 109 May10734 1111 1939 m lstg6s8criosC& D...1906 Isi eonsol koI<.158 109i4ll2'8 112!'8 llii 113'4.. Istg 6s series Elk F...1912 A-O Pr Huron Div 1st ^ ris.193!) a Ist gold (is 1912 A-O Saf,'Tu.sct 11 IstftUK 48.1931 If 119 '4 Apr '04 II9I4II9I2 117 '2. 1937 M-N Phila & Hejiiliug cous 78.1911 j Ist con guar g 5s 137 Nov'97 Stanipeil 1905-.. 1937 M-N P:ne Crock rejr guar 6s. ..1932 j SPacofNMex Istg 6s.. 1911 J-J Pitts Uui ct hi 1. See Ponn Co S P Coast Ist gu g4s 1937 J-J Pitts Cli,vf & Tol See H & O it Oil .S«! I'eun Co Pitts Ft Tex& 1905 FA l8t78 120 Oct '01 Pitt.s Juuc Istgoia 6a 1922 J. 1912 .M-S Sabine Div IstgOs 117»a. 112>2Dec'02 1943 J-J I'itts A; 1. Erie 2it s 58...al928 a Con gold 5s puts McKl-i!8 A: i' See N Y Con Southern— 1st cong 5s 1994 J-J 114>2. 115>-!Mar'04 Pitts Sh <k L E 1st g 5s... 1940 AllS'allB'-. RegiRtere<l 1994 J-J 111>2. 1st consol gold 58 1943 j 98 J'ly'97 Mobcik Ohio coll trg4s.. 1938 M-S Pitts cfc West «VeeB<feO Mem Div 1st g 4H2-5s... 1996 J-J n4iHMay'04 113 ii4'ftn4i( Pitts Y & Ash Ist con 5s. 1927 1951 J-J St Louis div l8t g 4s 100 Sale 99 '4 100 134 94''„101 1997 1918 J-J Ala Cen R Ist g (js IJeadiiigCo gen g 4s * 98 X Registered 99 1997 99 Aug-04 99 Atl<fe Dauvlstg4s 98 1948 J-J Jersey Cent coll g 48. ..1951 96 Aug'04 9138 96 Atlifc Yad I8tgguar4s.l949 A-O 951a 96 Kensseiaer <fc Sar See D <fc H 1916 J-J C0I& Greenvlstes Ricli & Dan See South Ry ET Va& Ga Div g 5s. .1930 J-J Rich & Sl(5ok See Southern Con 1st gold 58 1956 M-N Bio Gr West See Den <fe Rio Or ETen reor lien g 5s 1938 M-S Kio Gr Jimc 1st gu g5s...l939' J D, 111 11138 lll'2J'ly'04 11012 1111-^ GaPac 1922 J-J Ry Ist g 68 BiogrSo 1st gold 48 1940 j " 6213... 68 J'ne'04 iinox <& Ohio 1st g 68. ..1925 J-J 63 Hi 68 Guaranteed 194U j 92 Mar'03 Rich & Dan con g 68 1915 J-J Roch & Pitts See B R <fe P 1927 A-O Deb 5s stamped Rome Wat & Og See N Y Cent Rich & Meek 1st g 4s.. .1948 M-N Rutland let con g 412S 1941 10334 May'04 10334 104 So Car & Ga let g 5s.... 1919 M-K 101i4Nov'01 Rut-Canad 1st gu g 4s. .1949 Virginia Mid ser C 6s. ..1916 M-iTus <fe H See Pere Mar(i Series D 4-5s 1921 M-S Sag 87^2. t Jo& Gr Isl 1st g 4s.. .1947 ^7 i-i Aug'04 Series E58 1926 87 12 84 St Law & Adu-on Istg 58.1996 General 58 1936 M-N 2d gold 6s 1996 Guar stamped 1936 M-N St L & Cairo See Mob & Ohio 1st cy gu 4s.. 1924 FA O cfc St L & Iron Mount See P WestN C 1st con g 6s.. 1914 J-J St L K C & N See Wabash S <fe N Ala &e« L <fe N StLMBr 6efiT KK AolStL Spok FaUs & Nor 1st g 6s. 1939 J-J St L & S Fran 2d g 6s CI B 1906 M103i4J'ne'04 10434 Stat Isl Rv Ist gu g 4I28..1943 J-D IO318 105 2d gold 6s Class C 1906 M10434 103 12 103=8 Syra Bmg <fc N Y A'ee D L <& 10306J'ne'04 f (""er A of St L 1st General gold 6s 125 1931 j 1 25 14 Sale 12514 12234 127 g 4 Hjs. 1939 A-O General gold 5s 1931 j 11134 .... llli-2Aug'()4 110 II2I2 1 Isl con gold 58.... 1894-1944 P-A 96i2Aug04 96 '2 Stlj& S i' RR oonsg48..'90 J 97 100 Gen refund sf g4s 1953 J-J 96 Southw Div Istg 5s. .1947 A99 100 Jan '04 St L Bge Ter gu g 58.1930 A-O 100 100 Refunding g 4s 82 12 1951. J 84 S, 598 7912 S4i«' Tex & N O See So Pac Co 841s Sale 5-year gold nates 412..19OS 10 94 94 94 94 Tex<fc Pac E Div Istg 6s. .1905 M-S 94 K C Ft Set M coug 68.. 1928 122^4 11912 Feb'04 II9I2 1191.. 1st gold 5s 2000 J.D 84I2 50 K C Ft S ik liy ref g 4s 1936 85 14 92OOO Mar 2d gold inc 5s 8 4 1^ Sale 841a K& B 1st gu 53.1929 '101 1931 JJ La Div B L Istg 58 St Lionis So Sec Illinois Cent WMin WcfcNWlstgu5s'30 1st g 4s bd ctls.1989 St L S 96 >2 Sale 1st g 5s 1935 J-J 9612 12 91 12 967i Tol<fe O 961a 2d g 4s inc bond ctts...j(1989 7834 79 11 70 12 79 Western Div 1st g 5s. ..1935 A-O 79 79 Consol gold 4s 1932 7734 Sale General gold 5s 7534 1935 J-D 78 219 66 12 78 Gray's PtTer 1st gug 5s 1947 Kan <fc M 1st gug 4s.... 1990 A-O St Paul & Dul See Nor Pacific T01P& 1st gold 48.. ..1917 J-J StPaulMife Man 2d 6s. ..1909 111=8 112 pr lien g 3 H2S. 1925 J-J Tol SI L tt 111 Aug'04 107=8 111 Istcousol gold6s 1933 133 12 Aug'04 50-year gold 4s 1950 A-O 133 Hi 130 133 12 Registered 1933 140 May'02 Tor Hani & Buff 1st g 48./1.1946 J-D Reduced to gold 4^s..l933 llu 10838 J'ly '04 107HillO Ulster ct Del 1st con g 5s 1928 J-D Regi8tere(l. 1933 1st refund g 4s 1952 A-O llOieApr'Ol Dakota ext gold Os 1910 11134. 1 11 13 Aug'04 loeHjlllis Vn I^ac KR <fc 1 gr g 4s ...1947 J-J Mont ext Ist gold 43 1937 Registered 1947 104 Aug'04 J-J 100 104 103M. Registered 1937 1021.2. 1st lieu convert 4s 1911 M-N 106 May'Ol E Minn 1st div lstg5s..l90S 104 12 Aug'04 104i2l04'2 Registered 1911 M-N 10434 Nor Div 1st gold 4s 1948 Ore Ky & Nav con g 4s. 1946 J-D Minn Union Ist g 68 1922 125 Ore Short Line Istg 6s.. 1922 F-A 128 Apr'02 Mont O 1st gu g 6s 1937 1946 J-J Ist consol g 5s 132 "2. 135 Apr '04 133 135=8 Registered. 1937 1927 4s <fe participating 115 Avr'97 1st guar gold 5s 19 114i2Mar'04 1908 J-J 1 1 634 Utah & Nor 1st 7s lUialUH; WiUifc S F 1st gold 5s. .1938 Gold 5s 1926 J-J 117 117 Jan '04 11' 117 St P <fc Nor Pac See Nor Pac Uni N J KR & C Co See Pa RK St P <& S'x City See C St P <&0 Utah Central See Rio Gr Wes Salt Lake C Ist g s f 6s. ..191 Utah & Nortk See Un Pacific SFePresiJi Ph 1st g5s...l94 Utlca & Black R See N Y Cent 110 Jan '04 110 110 S A <k A P See So Pac Co See Mo P \/ er Val Ind & V irginia Mid See South Ry S F & N P l8t sink t g 5s. 1919 J.J 9934. 11334 Dec'Ol Sav F cfe West .See Atl Coast L Va <fc Southw't 1st gu 5s. 2003 J-J Scioto Val cfe N K See Nor & 1989 M-N Wabash 1st gold 5s Seaboard Air Line g 4s ...1950 2d gold 5» 1939 FA 73 7, 74 74 65 Coll tr leluud g 5s 1911 Debenture series A 1939 J-J 101)34 ... IOOI2 100>2 96 101 Car Cent Isl con g 48. ..1949 Series B 1939 J-J 9234 ... 9214 Aug'04 91 93 Fla Cen <fc Pen I8tg5s.l918 102 12-.. 1st lien equip s fd g os. .1921 M-S loo Sep 00 1st laud gr e.\i g 5s. ..1930 Det&Ch Ext Istg 5s.. 1941 J-J 100 ... Consol gold 5s 1943 Des Moiu Div Istg 43.. 1939 J-J 10439 ... 10434 J'ly '04 10434 10434 Ga<fc AlaRy 1st con5sol945 1941 A-O Om Div 1st g3HiS 104=810514 105 '4 Aug'04 102 10534 Ga Car <fe No isl gug 53 1929 10834 ... Tol <fc Ch Div 1 St g 4s. .. 1 94 108 .)'iie'04 105 Hz loo Stab & Roa Ist us 1926 St Chas Bridge 1st g 6s. 1908 A-O 105 ... lll'4May'03 Bher Shr & So See M K cfc T Warren See Del Lac <& West 81I Sp Oca <fc G See j\.tl Coast L Wash Cent See Nor P;ic Sod Bay & So Istg 5s See Southern 1924 J-J IOII4 Wash O & 102 Jan '03 So Car <fe Ga Sec SouUiern West N Y & Pa 1st g 53.. 1937 J-J So Pac Co— CoU tr g4'os..l905 1943 A-O Gen gold 3-4s lOHiSale 101 101 li 7*1 97 '» 10134 Gold 4s (CeutPac coll). fcl949 dl943 Nov Income 58 94'2SaJ»' 94 95 110 87 Hi 95 Kegihtored A;1949 West No Car -Se-e South Ry 94 12 8.-)34 '.14 Hi 94 1 A<fc N 1st gugos.... 1941 VaCentife P 1st g 6s. .1911 J.J 103 102 Apr'04 97 102 Cent Pac 1st ret gu g 4s 1949 100 Sale 991^8 100 UVI4 101 ^B Wheel'gifc L K 1st g 5s. ..1926 A-O I4 Registered 1 ',I4'J Wheel Div 1st gold 58. .1928 J-J 99 Mar'03 Mori guar gold 3i2S..A:1929 Exten <t imp gohl 5s. ..1930 FA 88 88 88 88 Ha'* 84 GalHariSi S A Isl g6s..l91() 105 '1,107 110 I4 Feb 'OS 2()-yoar e(juip s I 5s 1922 J.J 2d gold 7s I02I2 1905 1949 M-S l8l(J0U80l 4s 103 '4 Apr '04 100 "2 10: Mex& Paclslg5s 1931 Erie East Wilkes <fc see 110 114 107 J'ne'04 1 05 'h 108^2 GUa V G & N 1st gu g5s. 1924 106 Sj Wil <fe Sioux F See St P M & M 107 Aug'04 105 108 Hous K <fc T Ist g 58.1933 Winona As St P /Se« C <fc N 104 105 Doc '03 1st guar 5s red 1933 104 Wis Cent 50-yr Ist gen 4s. 1949 J.J 103 v J'ly '04 103 Hj 103 GrKA WrekTi Price N. Y. 1 May'O' II6I4 J'ne'04 100 22 1001. 11218 J'ly '04 110 110 112l4l]6'4 98i«10ui4 110 112H, 102 >4 102 J'ly'O102 102 119 1191, 1183^ 1191, 14 115 1194 81 9 80 90 81 81 93 109 H2 109HiAug'04 .... 108 llOU 105 106Hj.'Vlar04 101 106Hj 114^8 May'04 .... 11214115 113Hi 11218 111 May'O 111 in 106 108 10734 Aug'O-, 103 Hj 10734 95H2 96 91 94H2 94 Hi J'ly '04 92 86 90Hj 90 J'ly '04 8518 86 H< 85 85 1* 18 81 85=8 20 68 74 73H2 74 73Hj 9134 9S Apr'03 110 1 106'4 113 IIIH2 111H4 92 Hj 93 Aug'04 9134 93 105 14 Sale 105 14 10534 94 100*4 106 104 May'04 1003^104 10334 Sale 1033s l<)43g 2fia2 94>2l0438 98 Ha J'ne'04 96'4 98 Hj 102 "4 102 Hj 102 14 Aug'O' . .. 9 8 H» 102-8 121 "s sale 12176 1-J17^ 4 120 "4 125 Hi 116*2 Sale iie-a nen. 3 111 11714 9539 Sale 95 14 95 H. 120 90=8 9*1* 109 112 Dec'03 114HjApr'0'4 . . M W 104 107 117i4Sale 107 H. 108 99 W ' 61 Sale *100 103 H, 1u9Hj.... tto S3 MS 85 '8 Aug'04 100 Hj 10414 17 114Hj118'4 2 IOHI4IIO 94 95 J'ly' 04 95 62-. 512 56 68 60 Hi 10-J 102 Jan '04 102 IO6I4IIOHJ UOH; J'ue'04 90 90 Feb '04 90 83=8 .\ug'04 79^8 83'^ 98 Mar'O: 109 Hi Mar'o:i 103 II714 1173. lt.8 108 116 Apr "04 96 40 Mar'Ol W W 116 96 au ...^-. W IIOI4U2 II2H2 109 107HJ '< W Sale 100 91 Is Sale 115 93 90 111 Aag'04 112 Apr'O-: 110 14 May'Ol 109 Apr'O100 Hz Aug'04 91 91 116 96 111 111 l(KM4ll4 II11I4 110(4 34 109 100 86 109 103 92 W 8934 Sale 1-2 80 Hj 8984 29 88 Hi 91 19 lUI.SCKULANEOUS BONU.S—ConcludeiL nianofactiirine lV: IndiiHirinl Consol Tobacco 50-yr g 48.1951 Registered 1951 Distil Sec Cor con V Ist g 5s. '27 Distill of Ainer coll tr g 03. 1 9 1 1910 lU Steel Co deb 5s Non.conv doben 5s 1913 Int Paper Co Ist con g 68.1918 Int St Pump lO-yr oouv. 6s '13 JCnicker Ice (Chic) Isl g5H.'2S 1923 Lackaw Steel 1st g 58 Nat Starch Mfg Co Istg 6s 1920 Nat Starch Co s f deb 5s.. IOl';' Btan Rope cfc T Ist g6s... 1941 itliticeiliuieoiis F-A F-A A-O J.J J-J A-O FA J-J A-O A O M.N 65 7g Sale 6538 Sale 96 Hi 93 95 107 100 65^8 65 10(i34 lol 93 92 '4 100 12 88 89 34 35 40 65 '4 99 99 92 J-J FA 65 ' -J Sep '03 Jan '99 Feb '04 1 0034 101 Feb '03 10034 101 89 J'ly '04 (i4 Aug'04 40 J'ly '04 H- Income gold 58 1941) 1^8 1 W 23i, 1'h 8 Loath Co 8 f deb k6s.. 191 M-N 109^8 113 llOHi Aug'04 "U S Realty <fc I con v deb g 58 '24 J-J 82 Sale 82 Si's U S Steel Corp col tr 2d 5s. rf'6;-> M.N 7838."^ale 7838 79H. Registered April 1963 M-N 783.1 Sale 783^ 791, *No price Friday; latest bid and asked, a Due Jan 6 Due Feb V 25021 6I34 J'ly '04 30 5334 5734 61 Hi 65 '^6 6I34 68 H; Adams Ex col tr g43 1948 M-S AmDk<&Iinp5s SeeVoutl^J Aiu SS Co ol W Va g 5s. 1920 .M.N B'kl'u FerryCo Isl cous g os '48 Chic JCtSc St Yard col g5s.l915 UetM&Mldgr incomes.. 1911 lilSigloilHi Hoboken h<& I gold 5s. ..1910 Mad Sq Garden Ist g 5s. .1919 97 103 L gen g 48.. 1940 .Man Bch 92:18 101 1-2 Xewp Ne Ship <ft D D58t/1990 50-yr 1st g 48.. 1951 Dock Y 87 90 1b N i;4 St J oseph Stk Yds 1st 4 His. 1930 66 Cupples Slat'n * Prop Ter 35 47 St L 11-2 Co 1st g 4Hj3 5-20 year. .1917 10 4 14 1073^ 112 H: S Yuba Wat Co con g 6s.. 1923 "3 Sp Val Wat Works Ist 6s. 1906 80 83 6834 79«(. U S Red <fc Ref 1st s 1 g 68. 1931 135s 9'.i 92 H& 3 c 6834 102^8 100 Aug'O^ 103 . 103 10034 J'no'02 . . . F-A 64 100 SO J-J A-O 83 64 111 81 64 Mar'Ol 61 J'ly '04 76 Hj 83 663* .M-N M-N M-N 50 Feb'O-. 96"' Aug J-J FA J.J * 90>« 9834 89Hj 9II9 04 J-D J-J M-S 112 lOlHi. 112 J'ly '04 112 113H3 J'ly '0(1 79 Aug'03 79', Due Mar d Dae Apr /i.DaeJ°ly fc Due .Aug o Dae Oct p Due Nov g Due Deo .s Option saM. . AMG. — .. of Business at TRANSACTIONS AT THE DAILY. Ming 19 S Bonds Bid & Hudson Gas 100 Fort Wayne 68 1925.. J J 97 56 28 Indiana Nat & 111 Gas— M-N Ist 6s 1908 IndianapoUs (Jas stock 50 V S Bonds State die Bonds (ias Securitie.s 1st 6s M-N 1920 Jackson Gas Co osg 1937 Kansas City Gas Industrial and I>liscel Col Hock Coal<felpf 100 1st g 58 1917 J-J Compressed Air Co... 100 jua & Ga8<& El Bergen Co. .100 Grand Rapids Gas P-A 5101 103 Hist 5s 1915 76 100 77 Hudson Co Gas Be« Stock Exch liet 58 g 1949 STOCK EXCHANGE Railroad 723 Essex WEEKLY AND YEARLY I'ar value Shares 1904 Stock Exchanges NEW YORK Stocks Weeic ending J ' THE CHRONICLE. 20, 1904.J Volume — 42 5104I2 46 65 Consollrt 4 Car Heatiu_ lyCons Firew'ks llPreferred com 65 85 CO 14 60 .100 10(J Ask 80 90 H I4 66 IS 67 4 Cons Ry Ltg&Refrig.lOC 33. Consol Rubber Tire. .100 1 Debenture 48 834 10 Cons Storage BatterylOU 10 ContTobac deb 78'05A-d 5101 12 02 '2 1 50 Cotton OilcfeFibre,pref.25 t 3 5 Cramps' Sh <fe En BldglOO 20 25 12 $2,500 100 512 llCrucible Steel 100 534 Monday 9812 97 A-O DPreterred 3634 37 14 1|5sl922 100 Tuesday 100 95 Cuban 68 of 1896 9712. 100 HLaclede Gas Wednesday. 75 100 13.000 100 11Diamou<l Match Co. 100 132 llPreferred 133 Thursday... 58 63 Dominion Securities. 100 Lafay'eGaalst6s'24.M.N 5 20 Friday 40 47 Electric Boat Log<feWabVlst68'25.J-D 40 IOC; 43 $423,000 $15,500 Madison Gas 68 1926. A-O 5106 109 Prerferred 3,530,865 $329,274,650 $16,233,000 10(1 67 74 Total Newark Gas 6s 1944. Q-J 5135 135 12 Electric Lead Reduc'n.50 t 1 7312 7412 llQ Preferred Consol Gas. .100 Newark 50 t 19 January 1 to Aug 19 ending Aug Week Sales at S-D 5108 108 '2 Electric Vehicle 1948 912^ 10 1ICong5s 100 Now York Stock I4I2 Preferred 14 No Hudson L cfe Pow— 100 1903 1904 1903 1904 Exchange A-O 4100 102 Electro-Pneum'icTranlO t OS 1938 3 8 Empire Steel 512 IndCNatife lU .100 100 7 1IO& 70,933,041 4,281,205 109,502,734 3,530,866 40 Stocks— No. shares 47 J-D Preferred 1st 6s 1926 34 100 40 $329,274,650 $407,614,950 $6,593,769,775 $10,247,083,550 Pat & Pas Gas & EleclOO Par value 55 HGeneral Chemical ..100 49 55 $435,300 $10,000 $432,550 1031 Bank shares, par.. 9312 97 llPreferred 100 H Cpng5s 1949.. ..M-S 4102 91 93 Gold HUl Copper St Joseph Gas 5s 1937. J-J 11 7_ BONDS 9is 95 96 $499,080 $3,000 58'44M-S 12 Greene 15,500 $9,177,250 i StPaulGas Gen Consol Oopper.lO 14% 1412 bonds Government 4,224,200 1,000 IOI2 423,000 362,600 Greene Consol Gold... 10 t State bonds 408,128,700 10,430,800 434,139,600 HackensackMeadowslOO 16,233,000 10 14 BR. and mis. bonds Teleitlione TelesiKnick'b'ker Tr Co rect 10 15 89 92 Cable 100 Hackeusack $412,851,980 HAmerTeleg* Water $10,434,800 $16,671,500 $443,679,450 Co— bonds. Total 100 Ref g 4s 52 op 12... J9212 Bell Teleph of BulTalo 100 592 106 Hal! Signal Co 10( 70 PHILADELPHIA 1TCentral& So Amer. 100 104 821a DAILY TRANSACTIONS AT THE BOSTON 32 Havana Commercial. lOl Clies<fc Poto Teleph. .100 8 15 EXCHANGES J-J I0312 104 Preferred 15 58 1909-29 35 lot 180 Havana Tobacco Co..lO( 25 1] Commercial Cable ..100 27 Philadelphia Boston Preferred Commer Un Tel (N Y).25 115 35 IOC 38 Week ending Emp & Bay State Tel 100 78 82 Hecker-Jones-Jew'l Jlil Aug 19 47 52 lOO Franklin 1st 6s 104 1922 U-i-. 107 Bond Listed Unlisted Unlisted Bond Listed 1904 '4! 1]Gold<fc Stock 100 118 121 HemiiK-Hall-MarvinlO( sales shares sha/res 1 shares sales shareH Ist preferred 30 40 114128, 1905 1 0( 82 90 2d preferred 2 6 100 2.400 3,678 $11,000 5,337 $10,000 Hud-son River Teleph 100 14,618 Saturday . . Hoboken Liuid €fc IiuplOO 200 J Teleph. ..100 152 156 1,000 8.651 19,670 6,713 79.300 UN 25.018 Monday 53 1920 See Stock Ex Chang e list 1I5s 1910 M-N 4102 105 CLOSED. 15,822 3,868 ..EXC 56,500 Tuesday 120 123 western Teleg. 60 Houston Oil HNorth 1 lOt) 24 56,000 8,037 7,997 13,090 16.300 22,585 Wednesday 78 82 19 12 Preferred 25 12 100 11,K56 9,913 24,000 20,822 25.900 Pacific <fc Atlantic 17.624 Thursday... 100 103 Atlantic Hudson 90 HSouthern & 25 Realty 100 107.000 11,779 16,073 6,684 17,100 19,292 Friday Internat'lBankiugColOtl 142 'a 43.^ Int'n'l Merc Marine. 100 5 38,893 $205,100 90,814 99,137 42,683 $219,000 Electric Companies Total. 181-j Preferred 19 10(j Chicago Edison Co... 100 145 Col tr deb 4 ial922op'0'i 60 75 ~ 16 International Salt. 18 HKingsCo El L&P Co 1 00 193 197 .IOC 92 12 90 61 Narragan (Prov) El Co 50 Ist g 5s 1951 55 46 International Silver. lOU 9 Securities Q El L&PowColOO 42 80 82 Preferred Preferred 35 100 100 A Weekly Review of Outside Market will be found on a preceding page. UnitedElectricof N JlOO 20 1st 6s 1948 J-D 4IOUJ2 IOII2 703* 713, Lanston Monotype 48 1949 J.D 20 t 9^ IOI4 Lawyers Mort Insur.lOO 180 190 Street Railways Street Railways Bid Ask Bid Ask Lawyers' 295 305 Title Ins. ..lot] Ferry Companies 4I4 NBW YORK CITY 3>2 Lake St (Chic) El stk. 100 Lord & Taylor pref ..10( 10 104 32 34 1st 5s 1928 J-J i 96 Bleeck Stcfe Ful K stk 100 4 Brooklyn Ferry stocklOO HLoriilard (P) pref ...10( 115 94 97 HLouisv St53l930..J(feJ 1131. 114 111st inort 43 1950 ..J-J 26 "20 78 NY Ist 63 1911.JJ^ 105 Mackav Companies ..lOt 245 Lynncfe Bos 1st 5s '24. J-D 112', II4I2 71 TIB'y & 7lli Aveslk ..100 240 Con 5s 1948 See Stock Exch list Preferred 72 1(K 93. 107 NewOrl Kys Co 10 100 1I2dniort 5s 1914 ...J-J 104 80 10 E R Ferry atk. 100 75 Madison So Garden. .101 20 Preferred 29»2 31 100 Con 5s 1943 See Stock Exch Ust 89 90 60 5 1st 5s 1922 2d M-N Os 1919 M-N 41^8 1952 74 II2 J-J 76 B'way Sur£ Ist 5s gni 1924 no8 110 y<feHobcon 58 '46. J-D 107 108 Manhattan Transit N 20 t North Chic Str stock. 100 72 2d OS int as rental 1905 « 99'i2 101 Hob Fy Ist 5s 1946 M-N 5108 110 Mex Nat Construe. pf 100 8 350 Pub Serv Corp of N JlOO 95 100 IJCent'l Crosst'n stk. .100 330 N Y<fe N J 1st 5s 1946. J-J 4102 104 Monongahela R Coal..5U t 121 Tr ctls 2'!o to 6% perpet 51 40 IllstM 6s 1922 ...M-N 60 f 20 10th & 23d Sts Ferry 100 Preferred 50 stk.lOO 204 209 North Jersey St Ry 100 19 flOenPkN cfc 21 Ist mort 5s 1919. ..J-D 5 96 Mont<& Boston Consol .5 t 112 177 185 1st 4s 1948 M-N 721a 73 llUniou Ferry stock .100 29I2 31 iiC!hr't'r<fe 10th St stk 100 102 12 osier Sate Co 100 67 12 ConsTracof J...100 67 Colifc 9th Ave OS See Stock Exch list 1Il8t58l920 M-N 88 89 HNat Enam & Stamp 100 15 "2 16 Ist 5s 1933 J-D 108 1^ 109 Dry D E B <fe B— 73 82 llPreferred 100 112 New'k Pas Ry 5s '30J-J ni3 114 lllst gold 5s 1932.. .J-D 110 National Surety 100 116 Railroad Or & New 1 St 6s '05 A-O noo 101 llScrip 5s 1914 ....F.A 99>i2 101 42 46 UN ew Central Coal 20 Essex Paa 6s 1905 M-N «100 101 Chic Peo <& St L pref.100 U Kighth Avenue st. . 100 390 405 N Y Biscuit 6a 1911. M-S 106 F-A 105 106 Rapid Tran St Ry..lOO 245 Hacrip 6s 1914 312 Deposited stock... NYMtge<fc Security. 100 115 126 405 let 5s 1921 A-O «109 110 1I42(I <& Gr St F'y stk. 100 390 9 10 Undepoaited stock UNew York Dock ....100 16 20 50 70 42d btM & StNAv..lOO J C Hob&PatersonlOO 17 50 Prior lien g 4 i28'30M<feS 106 109 42 llPreferred 100 flletmort 6s 1910 .M-S 104^2 107 4s K 1949 M-N 721-2 73 7-4 88 734 Con mtg g 58 1930. J<feJ 90 N Y Transportation.. .20 80 85 So J Gas El & Trac 100 ll2d income 6s 1915 J-J 90 91 24 3 Income 58 1930 28 I'B NorAmLum'r&PulplOO Interborough Rap Tr. 100 147 4 149 GugSs 1953 M-S noo 101 312 413 Chic R I <fc Pac— Ref g 4 TJOntario SUver 100 Lex Av & Pav F 6s See St k Exc list No Hud Co Ry 68'14J-J 32 93 36 1934 op to 1911. ...A-O 4 Otis Elevator com 100 Metropol Securities See Stk E X list 58 1928 J-J iiw 92 86 96 Erieconv43Aprl'53A<feO 4 80 Preferred 100 Ext 5s 1924 Metropol Street Ry See Stk b; X list M-N «104 105 11 13 N Y Cent deb 43 '34. M-N 99 99' Phoenix Mining 1 Ninth Avenue stock. 100 185 192 Pat City con 6s '31. J-D SI 22 Northern Pacific Pittsburg Brewing 50 t 24 la 2434 100 Second Avenue stocklOO 205 .^09 2d 6s. ...1914 opt A-O uoo 135 When released 140 Preferred 60 t 44 111st mort 5s 1909 M-N 103 >a Rochester '.-ly 100 100 102 1334 Northern Securities.. ioo 101 12 102 14 Pittsburg Coal 100 2i»] F-A ni2 114 ConsolSs 1048 Preferr.M 2 100 98 100 >o 58'* 58 14 Reduced Preferred 100 176 Con 5s 1930 See Phila list U Sixth Avenue stock 100 172 Pitta Bess & L E 37 99 Pratt & Whitu pref.. 100 50 t 34 2d 5s 1933 Sou Boulev 58 1945.. J-J no2 106 J-D {102-14 1051. Preferred 77 Realty Assoc (Bklyn)lOW 130 135 50 t 74 So Fer Isi, 58 1919. ..A-O no5 108 So Side El (Chic) stk. 100 89 Hi 90 Seaboard Air Line— 109 Royal Bak Powd prof. 100 106 Third Avenue See Stock Excli Ust Syracuse Rap Tr 5s 1946 102 91 12 92 CoUtr5sl907 op... M-S 63 ItusaeU & Erwin 26 t 01 P <fc 58 1928 103 106 Unit Rys(StLTrans) 100 11 14 V2. Tarry South Pac pref (w 1) .100 1131s II3I2 Safety Car Heat & Lt 100 184 187 YkersStRR us 1946A-0 104 107 Preferred 5,T 100 64 '8 29 Va<fc Southwestern. .100 32 Seminole Mining '32 5t 28th <fc 29th St8 Ist 53 '96 nil 113^2 Gen 4s 1934 See Stk Exch list 27 Simp.son Crawford Co 100 Industrial and Misccl UTweuty-Th'd St stk 100 390 400 UnitRysSanFran iieeStk Exch list 75 Deb s f 68 '-M op '05.. J-J Deb 58 1906 J-J 96 99 Wash Ry & El Co.... 100 15 17 Alliance Realty 90 100 Singer Mfg Co 100 400 460 100 Union Ry 1st 58 1942 F-A 109 112 69 'f 70 Preferred 100 25 11 12 30 II A Uis-Chalmers Standard Coupler com 10( 100 Westchest let 5s '43 J-J 102 106 83'-, 48 1951 J-D 8a •'8 llPreferred 48 110 126 60 Preferred loo lot 43 14 100 HAmer Bank Note Co. 50 54 6 H West Cliiciigo St 57 Standard Milling Co. lot 75'. IJCong 5a 1936.. ..M-N 4 72 414 4'2 American Can com... 100 23 27 Preferred BBOOKLYM 100 42 12 43 Preferred 7(i 74 5s loo Atlan Ave 5s 1909.. A.O J 102 9412 96 American Chicle Co.. 100 Standard Oil of Gas Secnrities J..H)0 622 627 A-O 110 CouSsg 1931 84'-, Preferred 86 Storage Power lOO 60 NEW YORK I4 Impt 53 See Stock Exc h list Is American Elevated... Sjvif I & Co .Vee Boston sa k Exc ii'ge E 58 1933. .A-O 100 BB& Cent Union Gaa latos... il07 110 MaltingOs 1914. J-D 102 103 1.3t63 191t)-1914....J-J 5101 14 loiia '^7i2 30 Brooklyn City stock... 10 234 236 Con Gas (N Y) stk. See St k Exc h li.st Amer Press Aasoc'n.lOO 90 100 Tennessee Coi)per 2iS t Con 58 See Stock Kxcli list Conv deb 6s ctfa .S'ecStk Exch list Amer Shipbuilding. 100 I8I2 191-. HTexas ifc Pacihc Coal 100 76 90 Bklu Crosstn Ss 1908-J-J 102 EquitGascon5sl932 .See yik E X list Preferred 81^8 83 1st 6s 1908 loo A-O 5105 no Bkn Hgts l8t58 1941 A-O 105 106 IIMutnal Gas 100 290 310 Am Soda Foun com. .100 2 4 Title Guar & Trust ...100 440 BkluQOocfcSub 6ee Stk Excli list New Amsterdam Gas Istprofened 67 iivr' 72 Title Ins CJo of N Y..100 136 100 Bklyu Kap Trau See Stk Excli Ust Ist cousol 58 1948.. J-J 510712 108': 7is 2d preferred 11 14 8 Tonapali Min (Nevada). 1 1 loo HUoueyls. &Bklyu ..100 330 350 N Y G EL HifcP 6ee Stock Exch list American surety tJ 10 50 160 170 TrentouPolteriosoomKK 1st cons g 48 1948. -J-J 100 14 101 N Y & East River Gas— Amer Tobacco com. 50 250 600 Preferred new 80 10( Brk & N 58 1939.J-J 111 114 114 l8t58 1944 J-J 5112 138 1i Pref erred loo 136 Trow Directory 05 75_ Gr St<fcNew Ist 58 '06 F-A 100 111 ConsolSs 1945 J-J 5108 Am Typefo'rs com... 100 29 32 Union Cop])er new.. 10( !( \ Gr'pl&Loriraer St 1st 6s 102 N Richmond Gas.lOO 35 Preferred 79 82 85 95 loo Union Typewr com..lO( Kings Co. Elevated— iVor Un l8t 5s 1927. M-N 5104 J 07 Amor Writing Paper. 100 109 12 3 1 St preferred 1 0( iHt 48 1949 See Stock Exch Ust 140 TJStandard Gas com ..100 130 Preferred 112 I214 1234 loo 2(1 preferred ]0( ^ lia Nassau Elec prof 100 75 llProlerred 53 1919 1 100 156 17<) 73 74 Unit Boxboard& Pap. 100 J-J 68 1944 A-O llOi^ 112 83* l8t 58 1930 M-N 5110 113 HUamoy&SmCar ...100 8 20 I'rcferred lOt l8t4s 1951 See St k Exc ll list 314 1 no 120 U S Cotton Duck lot 1| Preferred ] 00 OTHER CITIES N Wb'K <fa Flat l8t ex 4 ^a 101 20 BI18S Company com 160 60 130 S Envelope com. .. 10(1 Bteinway Ist 68 1922. J-J 5114 116 51'-. 50 70 OH Amer Light <& Tract. 100 Prelerred 10(1 50 130 146 Ijl'rolerred 92 91 Bondcfe Mtg Guar. ...ioo 345 Preferred 100 360 U S HcaliyAlmp See St' k Kxch list •'10 Bordon'H Cond Milk.. 100 Xll7 121 ' Bay State Gas 50 \ OTHER CITIES U SShipbuildiii;; (Wi)... 9a Preferred «i Binghamton Gaa 58 1938 4 96 lTef<rred{w i) loo 110 112 Buftalo street Ry— 'i^ 23 Camden Land Brooklyn Union Gas dob »16 6 ceitif.M 3 t latconsol 58 1031.. F.A «112 II3I1 Celluloid Co 68 1909 conv '07.. .MS \m\ 181' 114 .'ioo 112 U SSteel(;orp new.'i.s -Sec Stk K X hat ig Dob 68 1917 108 10 A.O (il05 107 4 Cent Fireworks coniilOO V? Bull'alo City GaH stock 00 18 14 Col tr « I 68 '5 1 oiit '11 - 5 Chicago City Ry stk. 100 179 IHO 1st 68 1947 See Stock Exch liHt Preferred 55 1 00 60 Coltrsf 58'51 not opt., 5107 lOSia Chic UuionTr.ac A'eeSt'ck Exch Ust 7 list 11. Central Foundry Chicago Gas See N Y Stk Excl: 11, Universal Fire Ext'r.HX 100 Cleveland Electr Ry.lOO '^ 1 70 Preferred 7 8 Universal Tobacco.. .10(1 100 727s Cincinnati Gaa <fe EleclOO 102 't Columbus (O) StRy..lO0 6 Deb 68 1919 op 'OlM-N 2 100 503, 100 OIH. Conaol Gas of N J 64 I'lOferreil Prolerroil 100 106 Century Realty 93 l8t 58 1936 J-J j89 115 WestclieHter A Bronx 100 106 Colum Ry con 58 See Ph ila list 150 CheHrlirongh MfgCo 100 400 440 Consiiniera' L db Pow— Titlr A- Mort Guar Co. 130 Cro8«l'wn l8t58'33.J-U 102 UCInMiiidl B) Istpref 100 6s 1938 .T-D 5101 90 96 Wi'ntingli Air IJrake..50 130'4 Grand Rapids Ry 100 334 UDetroit CltyGRM 50 4HI II 2d preferred 90 95 White Klicih .Mining. 10 671a 100 Preferre<l ererred 100 lOO 83 118 88 Elizabeth Gas Lt Co.. llComiiioii llComnioii Co. 10 00 200 WorlliniK rump pref. 100 I'" 91 97 V, Worllinig 100 4 Bayer pays accrued interest. active sliare. riglits. very seoarltj, Price per Sale prioe. Ex xExdlv, not n 1 a H selU on stock Exolutngo, but 313,505 848,853 605,863 583,502 683,454 495,688 Saturday ... .... $29,236,200 77.312,650 58,348.300 55,971,700 63,910,400 44,495,300 $1,074,000 3.674,000 3,496.000 2,999.500 2,223,000 2,766,600 $5,000 64,000 104,000 97,500 111,000 41,500 A-O 81 4 98 102 16 M H & 5 AND Y&N •.! HANGE NY& Outside B& 1< NY& m7 ER M N . . m2 W M N W Am . . . . Y& 1 ".J ' 1 ' . m\ U 1 ( . 1 4. . 21 BOSTON STOCK EXOH4NGE-Stock Mhare Price* — Not Hatiirda Mondaii Aug. 35 1/ Aun. 13 70»4 a7»4 •14',) 8)H SI 9Ti 98 250 250 250 ".J •237 163 •170 •300 Tit^sdav Aug. 16 •2:il 163 240 163 170 '300 ... •181 . 141 141 181 STOCKS Friday Aug. 19 l'\ursda _!/ Aug 18 81 >a 81% 813.. 80'4 81 98>4 •ya 98 97>« 971* 248 2491a •248 260 15(112 150 '4 150 la 1603, '236 •236 .... 237 Id3i8 103 163 160 167 167 249 160 237 163 Zl67 300 142 Lastsal* 300 .... 0/ Shares 1603i, Boston Boston 16234 Boston 167 Do 100 100 Elevated 100 <«; L.owell 100 100 A Maine pref 100 <fe ProT-idenoelOO iiref & ill Albany OlucJuuc •282 236 137 •13ti •4» •81 137 454 *41>a 46>a 82 "a •8mi... •17^, GH^ •9>« •190 •16# •?25 302 •74 •282 *i86 286 137 68' 101 18 18 677, 67»e 10<^ lOH '191 191>s '160 225 208 76 202 *^9\ 72 72 202 76 72 «ftd 30 30 •94 •5* •«74 -Sale 180 •W« ••1 'iiA »4'« ».«... 14» 14»* ffe 78 4 18 18 76 99% •98^ 94V, •91 112 9lia 14>4 76 •im lis 78 78 "a 77 4 19 78 4 •17 4 •17 18 133>«134>f 131 131«i, 137'«138'4 •lUe ll>v T« 78 112 .:146 •3>a 132»e 133»4 63 98St 14»a • 13t>al3]Hi 1»7>2 138 96 95 •60 U8'a •ilT •8Vi 26;( ItiS '117 llSHj •8>9 9 •534 6'. 2631a 2631a 164 42 163H. 41 42 83 ig *177 131 ISlia 137 la 138 11 78 781a im 124 •217 •8 101 220 217 •2 eOSa 303* 1218 59 'a -80 ••70 14 •14 9114 eiHi •79 •90 80 100 218 218 501a 30*4 10213 •2 21a 106 60 loo's 60 3034 5834 6978 -•70 -80 15 92 80 100 ' 92 80 100 92 •79 *90 1 1034 54 Ilia 8O34 12 12 1218 •JO'B t sag 8 •102 aia 10^ 1 1 10 14 101, 53 >8 64 180 II2 •li» 123*4 124 219 -80 5^ 263 165 427, 433, 831a 34 180 106>«107 12 12's 58^8 GO'S ••S?''! 43 S 8 101ial02'4 •2 2>s 106>3l06>2 •60 51 •30 31 14 •91 »79 •90 50, 263 166 1651a lia 101 70 118<a S'a 91a 123'* ia3>4 ti\ a-s •117 83'4 84 V< 177'a 177'a 1> 124 4 131^183 • 5413 11 54 •75 12 Ilia llHi 1 1 10^8 637e ll-a 5508 11% 1134 12 Latt Sale •11 •77 12 "a • 934 -85 -25 1 ' 25 25 ••45 -60 50U 24»8 *7 •33 65"4 2^, ^45 500 'i^ •69 7 '7 -35 •36 3 "a 1038 1 ^25 1034 •24 "a 251-.. 7*3 "36 65 121a 13 51 50 2 7'9 •2^6 11* 14 4 14 11 25 500 24I4 600 24 24 24<4 7'a 713 5334 54'<4 •35 35 Latt Salt 10 •12'a OO'a l-* 1'4 1'* l"* 1313 •3 ••60 4% 4'J>4 4218 4'23^ 3V 3 1468 •60 4^8 1 4>« 42 2 14 Latt Sale Latt Sale 3'4 1 4I4 •4 42 42 •aia 14 14 S\ 4 'a 4214 "3'a •76 •75 *-7S 1 ', 12 < 12 s •04 60 2S 2S •76 '•75 •121a lie 131a 04 Hi 04 ^8 •244 •75 ••75 84 84 •80 4< • 4 95 •75 12>2 13 64 2518 25 1 •75 I 84 82 82 •80 •75 -76 134 •IHi 4'8 313 •92 95 Latl Sale lis 1219 0313 64 26 l"* 3^ 13 713 3 114 >a 4 95 13 64 >a 24'9 24 >a •76 1 84 84 b •80 "T'i lia 334 378 94 96 Latt Sale Last Sale 77, 8 "22"4"22'» •lO-ig 10^* 3!I3|, 3'J»K 2^4 2^4 8«e 8I4 7«8 7^6 '21 =''4" 22 1034 3908 2'8 SI* 80 80 ••60 79 -76 '•50 1^ 10-«4 3'->^<i 3 S"* 7918 ^75 71a 70b 734 Latt Sale "'ii%"iiK 21'l8 10 "a lOi-j 39 14 390g 2». 3 -lO-H 8 80 8 80 •60 ^76 Jan 20 30 J'ly J'ly Jan 15 42 Feb 3 68 87>4May25 95 "a J'ly b 66 Jan 6 65 Jan 6 75 15 61 10 29 3914 •208 734 •80 64I4 •12'a 213^ 1034 1^ •27, •m 1313 7 BOO 814 -.i Last Sale 71%Marl4 121a Apr 14 Jan 6 3 la Feb 4 17 Feb 27 16,224 1221a Feb 24 6 61 71 100 20 10 Mar2» 23 208 Marl 5 6 13 Jan 19 530 173 29934 Mar21 22iaJ'lyl8 26 Augl2 16 la J'ly 21 77 Augl7 6 Mar31 21 Marai 17 223 Jan Jan Jan %Jan 9 Feb 2» irev 66% Nov 86 14 Feb 8 Sep 7 Mai J'ly 1 J'ly 13 197 878 Apr 14 102'* J'ly 8 22 la J'ly 18 25 Angi'2 JaulO 2 la Mar 2 9 601 96 Feb 8 113 J'nela 401 46i4Feb26 51 May 13 60 28 Jan 28 81 J'ly 22 6 >3 May 12 8 Jan 23 Jan 16 8334 J'ly 19 10*4 Feb 6 1914 Aug 8 40i3Jan 7834 J'ly iw 77 1,247 6,346 8% May 13 51»8Mayl3 60 Apr 1 6 la J'ne 3 127b J'ly 18 63 76 15 "a Marl4 94 76 7534 J'ne'28 85 t90i«Aug » 100 a.'O Feb 11 7 19 Mar 2 99 26 28 I84 91 Mju 34^ Jan 23% Dec 69 >a Feb 147, Feb 24 [ '60 190 6 3 1'4 Guanajuato Cousol.. 300 108 lOU 250 (414 la 2 •50 6 •75 •25 7 2708-I'ly'^O 20 J'ly 15 J'ly •-0 Jan Feb Jan Jan Jan 2634 2934 6 Apr 53 Jan Jan Aug 111 31% Feb 16% Feb 96% May 18% Feb 57% Jan Jau 80 Dec Feb Jau 16% J'ly 12\ Augl9 Apr 23 09 Feb s 12534 J'ly 3>4 Jan 3334 Oct •39 _ •05 626 J'liti Jan 37 10 32 39 78 Feb Not 89% Jan Mar 7 la Not 28 Jan 71 Oct 102 Feb 67 Oct 108 Feb 8O34 Oct 110 Jan 4934 Jan 14 Jau 21 Jan 16 J'ly 3b la Oct 27 Aug 7 Sep 7I»4 Oct 9 Oct 33 J'ly 10 Nov J'ly 25 Aug 5 J'ly 19 J'ly 6% Dec May 14 •55 J'ly 16 '40 6 4 J'ly 26 7 » J'ly 23 106 435 Jan 4 500 Aug 13 400 150 12 25 Granby Consolidated. 10 5 34 1 2 100 7 Jan Jau Mai Feb Feb Jan 79>4 Jan 3 'a J'ly 37gFebl6 534 Jan 3 la Mar28 112'aJanl5 118 Aug 3 115 Oct 27 Jan 6I2N0V 62i4Jan 7i4J'nel3 12 May 390 360 513 Jan23 5% Oct 834 Jan 6% Apr 14 46 230 Feb 26 263'aAugl6 23 Dec 10 Feb 474 al61 J'ne2'.<i 178'aJan2-2 13S S«p 04 Feb 17,280 37% Mario 44 >4 Augib 30 J'ly 4334 Feb 2,272 77»4 Marl4 8414 Aug 16 74 14 J'ly 887, Feb 76 173 J'ne 2 185 Augl9 164 34 Augfa 90 Feb ligOct 11, Apr 30 2iaJan 2 Jau25 208 118 Feb 23 127 Apr 16 121 Nov 1 39 Jan 9 Apr 24> Jan Marl4 4 Jan 2b 1 500 Cons Mercur Gold... 5 25 Ang'04 Continental Zinc 54>2 Copper Range Con ColOO 4,156 '20 877 13 S Daly-West 466 100 50 Dominion Coal Franklin Jau 91% Oct 12 Sep 134%AuglO 107% Oct 365 122 >a Jan 5 13134 Aug 9 118 Aug 2,432 119 14 Feb 19 1397, Aug 9 114 'a Oct 634 Oct 150 9 Feb 19 12%Jan 6 501 681a Jan 19 79 Augl C6 Oct BostonConCi&G (rct8)£l CaJumet & Uecla 26 Do pref Elm River "a <-j 2,185 10 26 26 •-.i 42 6634 A»g 104 'a Jan 99 la Aug 169 86'«Mar 94 "a J'ly 18 83 Oct 95 Jan 160 MayI6 168 Apr^l xl62 Sep 178 Feb 56 89 Jan 4 93 ilarlb 87 la Aug 97 Feb 108 108 Jan 4 113i«Apr20 108 Sep 1.16 Feb 16'4J'ly27 i7'aFeb<:6 16 'a Not 26% Jan 37 'a J'ly 27 40'4J'lyl8 381* J'ly 62 Jau 145 Jan ~ 146 Jan " 144 Sep 15<> Jan 3,658 Sep Api Oct Jan 18 8%Mar 75% Mar 1 1* Feb 123, Max 31% Feb 6% Feb 95 Mar 14% Feb Dec 89% Feb Dec 90 Mar J'ly 561 Max •08 Feb 10 Feb 12 J'lj- 31% Feb 534 Sep 9%J'ly 678 J'ly 26 10 May^O 20 J'ly 16 •75 Jau 6 •35 Nov l*7aj Jan lU%Sep 16 Mar 7 la Apr 6 12i4Apr 9 38 t'eb'23 58 'b J'ly 20 37 J'ly 75 Feb 1034 Aug 1 36 Jau ^ 31 Nov 48 la May 40 J'ue29 72 Jan 2 59 'a Oct 181 7, Jan 103 J'ly 6 113 Jan 21: 106 Oct 118% Feb 2 Oct 5 Mar 134J'ne-27 2<aJan 6 J ly 14 Feb 7 7 J'ne 2 9>4Jan 9 4 14 Apr 29 3»4 J 'ly 6% Apr 2 % Mar 1 s 62iaKebl5 8 Jan 2 Apr 8 •60 Dec CaMayiil 14%Augl6 13 >4 Isle Royale (Copper). 26 1,371 3 Feb 25 478 Jan 1» 26 Ang'04 Mass CoDSOl 3^ •45 J'lj'i5 •87 la Jau 22 50 25 J'ly '04 Mayflower 4i« 3iaJ'i'elO 6 13 Jan 6 106 25 4-4 Michigan 497 34 "8 Feb 8 447eJ'ly20 25 li 42 Moliawk 2i« Janl9 Mayle 5 83* 414 Montana Coal <& Coke 25 2,430 100 •40 J'ly 5 82 Apr lb Mont <& Boston otfs.. 5 •50 J'ne Apr 2b 9 Colony 25 1% &67 Old J'iy'04 9>4Feb 9 1434 Apr 2 730 25 IS Old Dominion Feb Aug 2 8 444 53 66 25 64 Osceola 64 'a 466 2u»4 Feb 1 29 'a Feb 2 •24 26 ParrottCSllvA Copp) lo •80 3 Jan 26 400 •60 Aug 9 26 Phoenix Consol 1 119 ao Feb -25 00 Jan 6 26 83 84 (4uincy li4Apr 8 200 •50 May23 •80 •80 Rhode Island 26 l'8J'ne24 95 •14 134 Santa Fe(Qold 4 Cop) 10 21a J'ly 15 Jan lb SiaAugrJ 914 14,850 Sliaunon 10 3"l6 20 Jau 19 79 85 Ma) 3 96"-^ Tamarack 25 95 •25 J'ne.'O 60 J'ly 13 25 50 J'ly '04 Tecumseh 25 33 J'ly '03 Tennessee.... 8'8l'ly25 334 Mar25 25 1,530 7*!, Trinity 7% Marli^ 6 Mario 100 Mar'04 United Copper Jan 4 23'aJ'ly2U 2II4 Mining 18 i',47-i UnitedStatts 210k 8 'e J an 4 ll'hJ'lyl4 lOSg 235 1038 Unit States Coal <&Oil 25 30 Jan 2 3'J7gAugl^i 5 7, 1 3938 393^ Utah Con (Gold) 2'8J'nell 4 Apr 2^2 •208 235 Victoria 2o 3 Feb 23 25 1,573 6 81a J'ly 14 8'a Winona 60iaAugl9 162 69 Jon 6 25 SO"-; Wolverine 80<a •50 Feb 23 li«Jan 4 25 70 Aug'04 Wyandot 1 8 Aug 12 39 40 2,647 J'ly '04 Cataipa (SUver) •2334 2334 Centennial 7'e 77e Central Oil 39 83 Dec Mai May 180 Jan 21 1 7 Nov 37 34 Augl9 80 14 Jan 27 75 Dec 96 50 5 Apr 26 14 Jan 11 80, Not 28 %Apr 77 1851a May26 196 Jan V il8«'aMa) t225 Jan 2 160 J'ly 5 1631a Apr 7 161 14 Dec 173 'aMaj J22 Jan 29 232 Apr2l 220 Sep i32 Mai 81 198 J'ne] 3 •<!07 Apr 21 196 Auglil2 laFefc 74 J'ly 20 BO'S Feb 1 74 J'ly Ma] 145 68 Marl7 76 Jan 13 68 8ep Jan J'ne 7 176 Angl9 24 170 4,767 1,933 25 Bingham Con MinAS 50 Bonanza (Dev Co)... 10 25 SO"-. *2'4 •7 •278 3 Oct Mining Adventure Con 26 108 7'a 3 2 71a 25 75 42 Apr JO 173 la Janl!? 3 36 L 75 Aug 3 26 25 5,621 d3»i6Mar S 1134Augl9 CopperlOO 19,021 43 Feb 8 55-'4 Auglb 75 Mar21 Mar 15 1 Mar'04 Amer Gold Dredging 5 8 Feb 23 1234 Aug 19 1234 Am Zinc Lead & Sm. 25 1,245 16% Feb Jan 12 24 1978 25 J'ly '04 Anaconda 270 •'25 Feb 2 114 J'ly 25 Arcadian 25 •20 35 J'ly 26 J'1j'2d 100 Arnold 25 1 123< Atlantic » Aug 12 Aug 18 24i4Jan 2 46 73 Jan 27 83 1134 Allouez 6534 Amalgamated ll'a Latt Sale 09 71* 7'4 •35 •SS 2'e 71* 1 12 11 25 600 631a 6414 12'a 1208 61 61 4 •7a Latt Sale 18^ ••80 1 •20 •25 108 2>fl 5409 ••40 ••40 •50 •SO 6I4 etg 6«8 6>a 600 54 55^2 •4 42 >« 6h 600 24 14 24 14 24\ •18l9 13''e •26 25 13 13 •49 50 10 7 "2 109 •7 •80 •45 1^ 6 "a 480 1 -25 11 25 9'8 93, 133 , 1 1 10«g 6336 137 Fltchborg pref 100 An|'04 Qa By<fc Kloctrlc....loo Do pref 100 Lait Salt 43 Mar'03 Houston El'trlo 00m. 100 Last Sale 273 'a J'ly '04 Maine Central 100 lei* Mass EleotnoCos 1534 17 15 100 63 64\ 61 63 Do pref 100 •lOVj Ilia •11»4 12 Mexloan Central 100 191 "a 191 "a Ifll 191 12 N H <fe Hart. ...100 162 -a 162 -a •160 Northern N H 100 Latt Sale 337 Auk' 04 Norwich & Wor pref 1 00 204 204 2031a 203 S Old Colony 100 LaitSaU 74 J'ly '04 Pere Marquette 100 72 72 72 72 Do pref 100 •29 •29 32 32 Rutland pref 100 LaMtSal* IS\ Oct '03 Savannah Elec oom..lOO LattSale 43 Feb '04 SeatUe Electric 100 95 96 96 95 Do pref 100 LattSal* 65 Jan '04 Terre Haute Kleo 100 9813 9S7, 99 la 98', Onion Pacific 100 94>« 94S) 94 94 >4 Do pref 100 LattSale 165 J'ly '04 Vermont* Mass. ...100 • 1'4 9113 West End St 50 112 112 Do pref 50 Latt Salt 767, Aiig'04 Wisconsin Central... 100 LattSale 37', Auf'04 Do pref 100 145 145 146 149 Wore Nash <fe Roch..l00 miscellaneous 14 Amer Agricoi Chem.lOO •76 100 Do pref 414 Amer Pneu Serv 50 4V •4 •17 1813 la's Do pref 50 \8^ 131 1323^ 12913 1311a Amer Sugar Refln 100 ISlif 131% 131 13ia» Do pref 100 137 «3 13837 137-3 1387, Amer Telep & Teleg.lOO •ll", •IIH 12 ll'a Amer Woolen 100 78^4 7334 79 Do pref 100 781a Latt Salt S'a J'ne'04 Boston Land 10 Latt Salt 118 Aug'04 Cumberl Telep & Tel 100 8»8 9'2 Dominion Iron <S? St.. 8\ 834 •Sia •513 6»4 534 East Boston Land 263 263 262 263 Edison Elec Ilium.. .100 165 1651a 1647, 166 General Electric 100 43«8 4414 43 44 Mass'ohnsettsQasCoslOO 83»4 84 837, 83 'e Do uref 100 181 182 185 186 Mergenthaler Lino.. 100 Latt Sal I'* Ang'04 Mexican Telephone.. .'0 12334 124 l!i334 12334 N E Telephone lOo Latt Sal* 1 AQg'04 PlantCom t'st stk comlOO Latt Salt 10 Do pref Aug'04 100 Co 100 *8" 2189 * "s'li 217 's Pullman 8'e Reeoe Button-Hole.. 10 102 102 102 102 Swift & Co 100 Latt Sale 3^ la J'ly '04 Torrington Class A.. 26 Latt Sale iS Do pref 26 Ang'04 Latt Sale J'ne'04 Union Cop L'd <fc Mg. 25 106 106 100 1051a 105 la United Fruit 60 60 60 60 United Shoe Maoh... 25 3012 30 '& 3OI4 Do pref 25 Latt Sale 7'* 100 J'ly '04 US Leather Latt Sale SJ(% J'ly '04 Do pref 100 Latt Sale 19\t Aug'04 U S Rubber 100 Latt Salt 757, Aug'04 Do pref 100 12 12 la 100 12 12 U S Steel Corp 593, 69 58»8 Do pref 100 59 Latt Sale 60 25 Aug'04 WestEndLand 15 ^^'^ 14 >4 West Telep <fe Teleg.lOO 92 Do pref 100 " 92 Latt Sale 80 Aug'04 Westing El & Mfg.. . 60 Latt Sale 9334 Aug'04 Do pret 50 83 YN ... ... 302 >a 202 la •74 76 71'i 72 •29 .... .146 ««\ III4 19113 191 01 112 91 111 iia t3>« •lO"* '160 '226 136 83 83 HigKttt Marl4 82i8An?16 54 14 Aag 89 7, Jan 984 Aug] 6 86 Aug 103 >«Jan 261 Apr25 244 J'ne 262 la Feb 162 13 J'ly -26 134 Aae 154 Jan 240 Apr 23 230 Aug 250 Apr 169iaJ'lyl3 161 J'ne lI'JS Jan 171 Jan 13 170 J'lH 177 Apr 301 Apr23 290 J'ly iOj Mai 146 Jan 20 133 Sep 7 Jan 1 24 la Jan 1! 110 Nov 125 Jau J'uel4 IMHiMayli 1H4 Nov 196 >aMai Apr 6 162 la Jan 4 160 Jau 170 Mai Jan 25 285 J'nelo ;7o Aug .'86 Feb "" J'ne 6 141 Apr 7 131 J'ly 143 a Feb 160 276 LattSalt 45 18 67 17 66 137 137 •44>a 45i« •811a... •94 96 •50 63 98 >« 99 >u 93'i» 94>« t» 63 285 137 Lowest 138 88 Jan 7 49 23934 J'ne 7 746 2137 Feb 6 6 230 Marll 134 158 Aug 3 26 166 Apr 16 296 Feb24 190 138 J'nel6 110 ril6iaJ'nel5 <fc •282 /Yeviou lor Year (1903) Highest Lowest Uailroada Si's Atoh Tup <% Santa FelOO 8,979 64 Ry<fc D 8 YlOO Do pref 100 181H Aug04 Con* Mont Class 4.. 100 LailSale 103 Aug'04 Conn Pass Riv pref 100 LattSali J"iy04 Connecticut River... 100 Last '181 1904 the Week KXCHANQK 93 ii Do 260 Boston Kange Jiange lor Year Sales BOSTON STOCK Ang'04 Boston 141 142 H, •140'al41'2 122 1*123 Weekly and Yearly Record, Daily, Cnntuin I'ricen Wednesday Aug. 17 82'« aSHj 250 14912 160 150 '240 163 I'er 5 6'«J'ly 3 •50 J'ly Dec 43. l)ec 31 J'ly 2 Nov •65 •60 Nov J'ne Oct 43 19 J'ly 16 J'ly 27, 80 Dec 17 % 13 Feb Feb 2% Jan 11% Feb 68 Feb Mar 2% Jan 2 % Feb 23 % Feb 8 79 34 Feb Feb 7% Feb Oct 126%*'eb 4 Feb Nov J'ly Dt-Mi J'ly Nov 3 Jan 14^8 Apr 190 li'ie Feb Feb 1734 3334 Mar 14 Feb 16i4J'iy 3134 Jan 2714 Feb Jan 4i4Jly 4 Dec 8 22 Dec Jan Dec 6iuJly 1 la 61 75 J'ly Oct 17 Mar 33% May 9 1434 77 27; Feb Mar Mar Mar kBe(orepay'totaMess't80alledlnl903. dBeforepay'tofassess'ts called in 1904. •Bidandasked. ^'Newstook. fAss'tpaid. tBx-rlghta. aSx-dtr. A rights j H U Au«. 3 6 BOND!?: BOSTON STOCK EXCH'GE "WEEK ENDING AUGUST 19 Price Week's fYiAav Range or Aug Last Sale 19 & Nebraska Atcli Top & S Fe gen S fs- 19^^ J'ly 1995 Adjttsftnent g 48 Boston El^ct Light 1st 6s. 1908 Consol 5s l-Jf* 1907 Boston* LoweU 4s 1944 Boston* Maine 4 Hzs Improvement 4s....-...l9 ou Mon 3(1 issue 7s... 1904 Bost Boston Terminal 1st S^js. 1947 1918 Bur & Mo Riv ex 68 1918 Non-exempt 6s 1910 Sinking fund 48 Butte & Boston 1st 6s. ...1917 Cedar Bap & Mo B 1st 78.1916 19"^ 2d 78 . & Cent Vermt let g4s..Mayl920 Chic Burl cfe Q extend 48.1905 1919 Iowa Dir 1st 53 1919 IO'TADiv let 48 1913 Debenture 5s 1922 Denver Bxten 43 1927 Nebraska Exten 4s 1921 SWsf 48 1949 lUinols Div 3 ><2S Joint bonds See Gt Northern Chic Jc Ry & Stk Yds 58 .1915 Coll trust refunding g 4sl940 Ch Mil A St P Dub D 6s.. 1920 Ch M <fc St P Wi8 V div 6sl920 Chic <fe No Mich l8t gu 58.1931 Mich gen 5s.... 1921 Chic <fe Concord & Mont cons 4s. .1920 Conn <ft Pass R Ist g 48. ..1943 1927 Current River 1st 58 1st 48... 1946 DetGr Rap* 1913 Dominion Coal 1st 68 1906 Eastern 1st gold 68 1916 Fitchburg 4s 1927 4s B& W A-O Nov M-S M.S 99% 99^2 OB'S 113 101 h Sale 94^2 Since January "2 V; 5 i)lU 112 Feb '03 110 117 99^8 Jan '02 101 Mar'03 112'2Jan'03 112»8Apr'04 101 Apr'04 F-A M-N F-A 112 973^ 8SI4 99 A-0 M-N 12s Feb'04 128 J-D Q-F 11714 Feb'()3 J-J A-O A-O M-N 9934 F-A M-N M-S J-J 107 J-J A-O J-J J-J ... 9719 98'2 125>a.125'ii... M-N 104 J-D 10734 ... --. 110 Kan C & M 1934 M-S 117 Ry & Br 1 St 6sl929 .\-o 10334 Ang'04 J-J J-J Maine Cent cons 1st 78... 1912 1912 Cons 1st 4s Mara Hough <fe Ont 1st 68.1925 Mexican Central cons 4s.. 1911 Jan 1939 IstconsincSs Jan 1939 Jd cons inc 3s Mich Telep cons 58 tr rec.1929 Elec con Gen Minne g 5s 1929 1929 New Eng Cot Yarn 5s A-O A-O A-O 106^8 107 107 May'04 10034 10134 101 101 1 20 14 Apr'04 102 J'ne'03 KanCStJo&C B Ist 78.. 1907 LR&FtSmldgr lst78...1905 9^34 128 107 '4 10734 98 Ang'()4 105% 10734 1251a J'ly '04 1231a Apr'04 104 1041a 12434 125 I2 1231a 124 12 100 1041a 1051a 10734 Note— Buyer pays accrued interest in addition to the New Eng Teleph lOOialOlia 95 98 1061a 109 104 104»8 1021a 103 137 137 15 1371a 137 90 9816 9038 961a purchase price Philadelphia and Baltimore Stock for all Monday 79% 79% 10 19 Tuesday Aug. 16 Aug. 15 79 'b 80 83 Hi 83 '8 IBS ICa 193, 20^4 11 2114 8H1 79% 79% *83'4 11 21 *8 Wednesday Aug. 17 11 7914 8334 III4 21% 211a ?1' 84 ... 79Hi 833^ 8I4 8I4 Aug. 18 22 •8 79% 11% 22% 8% MS J-J '1% J-J F-A A-O A-O A-O A-O " No 96 Hi 10034 , 6^8 Range 7", 102H!l02Hj 93 la 97 H» 102 102 10-2 103 10218 104 14 lOli^lOaHj 10034 101% 104 14 IO4I4 IOIH2IOIHJ 12012 121 lOSislOSHi Mar'02 Apr'04 02 103 >< 92 100 10:! Feb '03 102^8 Apr '04 10134 J'ly '04 lOO^s 103 94 1013^ 107 IOOH2II3 107 7 2 14 71% 72I4 102 102»4 105 "sloe's May'04 102 J'ly '04 105 1« May'04 10234 Apr '03 102 Hi J'ly '(i4 102 1021. 87 14 J'ly '01 11208 Apr'04 1[ 10134 102 Hi 98H2IO2I4 112*8 112 Trust Co. ctfs. Weekly, Yearly Range for Previous Year (1 90S) tor Year 1904 Week Stocks see below) Shares Baltimore »79 79% ConsoUdated Gas 83% 84 Northern Central 13 10138 10034 and asked. Daily, the 70Hj I6I4 581s 104 14 J'ne'04 101i2J'ne'04 121 J'ly '04 103 Is Aug'04 102 92 103 107 118 118 23 951^ 10034 95Hj 90 104 108 1« 101 101»4 12014 122 61 951a High, 97 9^ 128'« 100 110 122 97 108 117 92 81 108 107 'b 101%Sala 10138 latest bid Sales 0/ 128 Jan '04 Aug'04 103 Apr'04 106 Is Mar'03 FA ; 9334 102 103 J-J J-J F-A J-D price Friday (For Bonds and Inactive lYiday Aug. 19 94 MS Boston Bonds. 96 Aug'04 6^8 May'04 75 J'ne'03 102 la Ang'04 1 68.. .1919 f Low -Vo May'04 118 60 61 60>4 J'ly J-J 10314. Rutland 1st con gen 4ias.l941 J-J Rutland-Canadian Ist 4sl949 J-J 85 93 Savannah Elec 1st cons 58.1 952 J-J 1930 FA 10234 104 Seattle Elec 1st g 5s 1918 M-S Torrington 1st g 58 Union Pac RR<felgrg4s.l947 J-J 1911 M-N 1st lien conv 48 United Fruit conr gen 5s. 1911 M-S 107 M-N 10-60 yr 58.1963 Steel Corp US 1915 F-A West End Street Ry 48 1914 Gold4ias 1916 M-N Gold debenture 4s 1917 FA Gold 4s Western Teleph & Tel 5s. 1932 J-J 102 Sale Wisconsin Cent Ist gen 4sl949 J-J Wisconsin Valley 1st 78..19t)9 J-J 1st 8 ACTIVE STOCKS Thursda/^ 7914 »83H2 1134 Repub VaUey M-N Exchanges— Stock Record, Share Price«—Not Per Centum Prices Saturday Axtg. Id 1906 1907 1908 1915 1905 Ist 78 Eng Y<fe N N 1905 1st 6s , 1924 gold 48 Colony Old Oreg By & Nav con g 43.. 1946 1922 Oreg Sh Line Ist g 6s 6s 6s ....:. 6s 58 98I3 97 J-D <fe Assented income 5s 9812 9812 9018 94 MS High J'ly '04 97 I Since January 1 05 (? A-O A-O 78 81 99 la 100 W Ask Low Range or laFaUs&SionxC Ist 78. .1917 Kan C CUncfe Spr l9t 58. ..1925 Kan C Ft S Gulf 1st 7s.. 1908 Kan C Ft Scott <& M 68.... 1928 1934 KanCM& B gen 4s 100>4lOU'4 104 105 9914 100 Ang'04 109 14 Mar'02 J-D II214 Jan '03 A-O 101 Apr'04 A-O 98'2 98 Aug'04 A-O MS 106 108 1061a Aug'04 M-S 103>a--- 104 J'ly '04 102 la Apr'04 IIII4 May' 02 M-S A-O I8712 1371a Ang'04 irremtElk&MoVl8t68..1933 1^7 Feb'04 1933 A-O 13712 Unstamped Ist 68 971. 9634 Qt Nor C B <fe Q coll tr 4s 1921 J-J 961a 97 J'ly '04 1921 Q-J Registered 4s deben 5s 1910 J-J Non-con veitde ben 58. ..1913 A-O Range 99 J'ly '04 128i«J'ne'04 127 97 4 J'ly '04 108 ... 109 J'ly '04 121ial22ia 122 122 95 Ang'04 941a..-. 90 90 91 90 80 J'ly '04 100 Apr'04 107 Jan '04 100 14 Feb '04 105 J'ne'04 100 J'ne'u4 106 "4 Dec '02 9Si2Mar'04 94 94 10734 Week's Last Sale Bid 97 14 113 102 112 101 9934 J'ly '04 100 J'ne'Ol Price Friday Aug 19 Illinois Steel y§34 97»8l02O8 87 95 14 110 Feb '04 104»2Apr'00 117 Feb '04 J-J 1 Low High JSo 99 IOII2 101 K; 96>4 Aug'04 J-I) J-J J-J J-J S)9-V 97 >4 Sale BONUS BOSTON STOCK EXCH'GE Week endino August 19 Range High Ask how Bid 48... .1908 J-J Am BeU Telephone 43.1929 J-J Am Telep & Tol coU1sttr78.. 1908 MS Atch 725 Boston Bond Becord. 20, 1904.1 100 50 100 11% 11% Seaboard Air Line Do iiret 100 21% 21% 8 14 United Ry & Electric. 50 Lowest 758 57% Jan 5 118 71 J'ne 2 5,453 1,996 lO'J Augll Apr 12 80 92 12%Augl2 22%Augl8 7 J'ue21 1334 J'ne21 534 J'ne Highest Highest 1 58 Hi Dec 72% Jan 84 % Oct 118 Jan 10-4 l>ec 20 Oct 838 Jan 26 8 Oct 4934 Aug! 5 4934 2«i4 Jan Jan 14% Jan 45 Pliilndelpliia <9\t 19»4 414 9»ie 2734 •7»'4 4934 491. 1934 4 2734 41* 4 8 8 Is 28 *79 *49 20 41* 8 9% 9% 9Sj, 8« 87 H> S7H 493, 19 '» 197b 28 60 20 414 8 9% 10 10 2934 3134 •49 50 19% 19% 414 •12T8 8 8 8 914 9% 9% 10 8 8 9I4 31 31 7914 79 14 79 Hj 79Hi 39% 3914 39% 38% 39 61% 39% 613. 6II4 613< 393. 61% 27% »4134 •35Hi 6B16 *12% 21 279ie 42 42 H 36 6% 131. 273, 423g 36 k, 54 54 87 Hi 87H! »35Hj 64 541s 87 H» 8734 VHIl.cADELJ'HIA 6«16 13 *12% 13% 27% 273i627liie 426i« 426i9 *35H2 36Hi 3534 3612 54 54 87 Hj 873. Bid 10 50 50 Cambria Iron 50 Central Coal <ft Coke. 100 Preferred 100 Oonsol Trao Pitts 50 Preferred 50 Danville Bessemer. ..1% Amer IroR & Sto«l BeU Telephone 7 Keystone Telephone ..50 Preferred 50 <fe Steel. Preferred 100 Phlla Co (Pitts) pref... 60 German A Noni8.50 Phlla Traction 60 Bailways General 10 & Tidewater Steel 9% 9% 30 80 80 11 Ok & G gen 58 '19 J-J Col St Ry 1st con 6s 1932 Steel. .9 10 10 & Peo Tr stk tr ctfs Elm A WU Ist 6s '10. J-J Eq U Qas-L Ist g 6s 1928 H A B Top con 58 '26 A-O Elec 17% 18% 10% 59% 62% 5034 2 We.HtmorelBnd yoal...60 61 63 2% 102% Indianapolis Ry 48.1933 Interstate Rys— 3-8%-48 1943 Lehigh Nav 4%8 '14. Q-J RRs 48 g 1914. Q-F Gen M4%8g. 1924. Q-F Leh V O 1st 6s g '33. .J-J Leh ext 48 Ist 1948. J-D 2d 78 1910 M-S Consol 6s 1923 J-D Annuity 68 J-D Leh V Trac 1st 48 '29. J-D Nat Asphalt 5s rects. New Con Gas 58 1948 J-D Newark Pass con 68 1930 FA V Income 48 1989. ..M-N MN 3934 67ie 40 6% •12% 13% 27% 28% 42% 42% 35% 35% •54 64% 88% 89% 23 50 100 50 Philadelp'a Co (Pittsb) 50 Philadelphia Electric. 25 Phila Rapid Transit ... 50 Reading 60 Do 1st pref 50 Do Sdprel 50 Union Tracton 50 United Gas Impt 50 Welsbach Co 100 Ask Bid 92% 115 108% 111% 100% 101 1083^ 107% 105 84 85 3% 102' 109 111 112 IIII4 i2i34 63 108% H, 91 1(13 '.>2% Bid and askad prices; no snies on this day. || I^owest M AAO M W U Trac Ind gen 58' 19. J.J U Trac Pit gen 5s '97 J-J Welsbach s t us 1930. J-D 1,152 1,450 1,730 457 30 591 ',931 Inactive ^<tocks Atlanta A Charlotte. 100 Atlan Coast Line RR 100 Atlau CoaatL (Conn)lOO Canton Co 100 Georgia Sou A Pla...lOO lat pref 100 2d pref 100 G-B-S Brewing 100 Mt Vernon Cot Duck Unit Elec pref .60 11034 4ii6 Jan 25 Jan 6 115% Jan 21 8 19% Marl 4 28% Augiy Mar 1 42% AuglO Marl4 36% J'ly 12 45'4 Jan 2 54% J'ly 15 81 Mayie 8934 Jan 22 38 28 22 22 J'nelS Ask J'nel8 %Dec 4934 Jan 7h6 0ct 10% Jan Dec 1 1 Dec Nov 36 J'ly Aug 7934 Feb 84% Nov 45% Jan l%Sep 4 Jan 553gNov 7834 Jan 35 Oct 4734 Feb 9 Jan 5 Aug 734 Dec 17% Jan 1834 Nov 34iiieJan 36 Sep 4411J6 Feb 2734 Nov 40% Jan 40% Sep 4734 Feb 10 19 64 76 20 Oct 116%Jan Auej 31 Mar BALTIMOKE Bid 127 (;ity& Sub(Was)lst6s'48 Col AQrnv Ist6s.l916 J-J 128 120% Consol Gas 68.. .1910 J-D 1939 J-D 5s Ga A Ala Ist con 6s '45 J-J Ga Car A N 1 st 58 g '29 J-J Georgia P 1st 68. ..'22 J-J GaSo A Fla Ist 5s 1945 J-J G-B-S Brew 3-48 1961M-S 2d income 5s 1951 M-N Kuoxv Trac Ist 53 '23A-0 LakeR El Ist gu58'42M-S MetSt(Wa8li)l8t58'26FA Mt Ver Cot Duck 1st 5s. 112Hi 106 105 124% 102% 110 971, 115 98 Incomes 150 NptNAOPl8t5s'38M.N 120% i2i 245 90 40 General 58.. ..1941 M-S Norfolk St l8t 68 '44-. J-J 250 95% 95 45 97 64 77 North Cent4%8 1925 A-O J-J 68 1904 6% 634 234 8 35% 37 A 68 1926. -..J-J 58 1926.... J-J Pitt Un Trao 68 1997. J-J Poto Val Isl 6s 1941. -J-J Sec A v T(PttU) 6s '34 J-D Sav Fla A West 68 '34 A-O Series Series B Atl Coaflt L(Ct)ctf 8 68 J-D Ctfs of tndobt 48 J-J Bait C Pass l8l 5s '11 M.N Bait Fundg 6s. 1916 M-N 10034 107 118 119 J-D Income 48 1949 Va Mid lat 08 1906. .M-S 1 930 J-J 101 t^lS paid, t % 2 d serlos 68 120% 102 Hi 116 Kunil<l<<lit2-3sl9!M..I-J (,' con lis IIM 4 J-J Wral 1 MS U4 113 11934 M 9 1 1 . . . -S 3d series 68 191(5..M-8 4th aer 3-4-6» 1921. 6tli aeri<'« 5s 192(1. M.S Va (State) 38 nnw '32. .U 108 112 M-N 101% Ryoon6sl932 M-N 114 H Bz-rtctlU. Seaboard A L48 1950A-O 102 A Roan 5» 1920. J-J Hound Ist 6».. A-O 117 1'20 U El LAP lst4%s'29 M-N El l8t 4s '49 M-S Un HyA 91% 92% 58.'0(> Ext A Imp 58.1932 M H Chas (Mty Ry Ist 5a '23 J-J Ask 65 101% 101% Chas Ry G A El 5s '99 M-S 83 06% 66% CharlCAAext58.'09 J-J 113 1910A-O 110 116 2d 78 City A Sub Ist 5s.. '22 J-D 113% 114 103% Seat) 8(iuth Cent'l m ex-dinrtend. 39%Augl6 Deo 52 % Jan 17% Nov 2634 Jan %Nov 9«i6 Jan 100% 107% 100% 100% Convertible :i t4%J'lyl8 t8%J'lyl8 9% Augll 13% Feb 8 38% Feb 6 81%J'ne21 Anacostia A Pot 5s Atl A Ch Ist 7... 1907 J-J Atlan C L RR481952M-S Refunding 3%8 1952J-J BaltAPlstdsuil'll A-O Bait Trac Ist 58. .'29 M.N No Bait D1v6h 1942 J-I) 1 21% Jan 23 56%Marl2 62 Aug 19 37% May 17 43 Jan 22 6 May 2 6 69i6Janl3 BAI.TI1H<»RE Exchaiigo 3 %8 onsol 68 r 1919. ..Var MS ,113 ,407 Bonds Penn A Md Steel con 68 111 Pa Can 78 'OO.J-D J 06 % Con 5s 1939 A-O 114 993, (;ou 4s 1939 A-O Penn Steel Ist 58 '17 M-N People's Tr tr cert* 48 '43 102 Hi PCi)l«tAcoltr6H'49 M M LAP 143% ANY 60 4 A . 51% 25 43 J'ne 3 842 18%May25 757 % May 13 390 138Mayl3 885 734 Feb 8 236 5% J'ly 15 ,177 20 AuglO 181 62% Jan 14 ,567 3334 Feb 26 340 2% Mar 3 Bid Phil Elec gold trust ctfs. Trust certits 48 P E gen 5 g '20.A-O Gen 48 g 1920.. Ph A Read 2d 5s '33. A.O Con 78 1911 J.D ConM 68 g 1911.... J-D Ex Imp 48 g '47. A.O Con of '82 4s '37.JJ Terminal 68 g 1941. Q-P P A B col tr 48 '21. J-J Rochester Ry con 58 1930 8 R E Side 48 inlerun ctfs M 110 IJO No Penn Ist 48 '36.. 98% 99 M.S 1 Deben 6s 1905 1% 34 Penn gen 68 r 1910. .Var 1^ % 1 8onsol 68 1006. ..Var 102 1% 3 100 pref.t Electric Co of America 10 interim ctfs.. interim ctfs.. Lenigh Coal <fc Nav 50 38% 38 -e Lehigh VaUey 3% 3% MarsdenCo 61% 62 Pennsylvania RR 76% 80 44 44% NYPhANol8t48'39J-J 101 United N J RR & C..100 266 Unit Pow <fe Trans 25 United Trac Pitts 60 Preferred 50 48 Warwick Iron A Steel. 10 West Jersey A SeaSh.60 Ist 5s. '33 E& AlstM 58 1920 M-N Railways.... 50 Gen Asphalt Do pref CTi North Pennsylvania.. 50 Penn Gas Coal 60 Pennsylvania Halt 60 Pennsylvania Steel. .100 * 1st 5s 1926- J-D Che & D Can Ist 5s '16 J-J Choc A Me l8t 58 1949 J-J 60 Lit Brothers 10 Little Schuylkill 50 MlneliUl & Schuyl H..60 Nesquehoning Do 8 *7Hi *9 30 *18 Bethle Steel 6s 1998. Q-P KeystoneWatchCase.lOO 100 , *42 36 13 28 14 43 36 54 14 89 438 Cambria Steel 50 Consol Lake Superiort.lOO Berg&EBrw 1st 68'21 J-J 102% 100 50 Harrison Bros pref. ..100 Indianapolis St 100 Inter 8m Pow <fc Chem.50 Preferred 13 2734 ConTracofN J German town Pass Susqueh Iron 39% 39% 6% 6% PHILADEliPHIA "47% 47% Balls Ter Steel.. Preferred 6I34 1934 7% Al Val E ext 78 1910 A.O AmRy8conv58 1911. J-D 101% 102% Atl City Ist 68 g '19. M-N 111 Pref erre<l PliU . 61 14 54% 54% 54 87I4 87% 87% Ask Easton Cob Electric... 60 KlecStorafe Batt 100 Haven Iron 6 30 30% 79% 79% 39 39% 3% 3% 49% American Bonds American Cement N 40 6B16 Inactive Stocks Diamond State 3934 6*16 3H2 613e 13 27818 4238 42 Hi 4% 8 80 •3? Hi 4% 19% 4% 4Hi 37^8 3Uia *43'a 10 3Hi 60\ 61 89% 39% •ei* 6% 49% 19% 19\ *4834 115 1(>5 Uoorgnnlzation N WesVat.'.tl" Isttig'U JJ Wil A Weld 6a.. 1936. J J oorliflciitea -US 99 H 100 «a 114% iioii 110 11334 115 105% 109% 111 105 121 114% 5434 24 H 101 118 117 56% 26 106 121 6534 66 15% 16% 100 110 119 119 113 113% 113H) 115 74I4 108 107 88 93 74% 88% 93% 47% 4734 103 113 116 112 11 2 <4 94% 95 113 111 111% 116 117 aesesanient paid. . 1. S 1 I .. ... . 1 1 THE CHRONICLE. 726 [Vol. Lxxix. \nmstmtnt and %mlxouA %ntdlxQtntt. RAILROAD GROSS EARNINGS. The following table shows the gross earnings of every .Steam railroad from which regular weekly or monthly returns nan be obrained. The first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the period from July I to and including such latest week or month. The returns of the street railways are brought together separately on a subsequent page. Latest Grons ROADS Week or Lamintjs Current year Month Year N Oit NoICiist. Ala* Vioksb SUA: V. Ann Arbor AtchTop&S Atlanta & thar.. AM Knoxv A No. jVlUiitlo & J?ir. a l<'e. Brunsw.&Blrm All Coast iiUio..( Bait l;alt Ar Ann S i OLio Bangor & L,.. ArooBt Bellefonte Oent'l BrlrtKt&Saco K. BullUocb& .l.t.- Biitlalo&SSnsq... Canadian North. Canadian Pacliii Ceul'l of Georgiii Oent'l of N.J ersej Ontrai PiUiilio.. (51iattau Soutli'n. Cliesap &0)iio... CU10& Alton Ky. (it Western Chlclnd AJ^'v... Chic Milw & Wt f Ohio WU Chic & North ClucStP AI &0. Ohio Term Tr KH CiuN O&TPao. CI CinChA 8t L. Peoria &iCast'ii Colorado & Soucli CelNewh&Lau. Copper Ranee... Cornwall Cornwall &Leb.. Ciimberl'd Valle\ Denv.&RioGr. t Evansv & T H... F'rcUild&N'r'e'ii Farmv& Powliat FtW&DenvCii.,\ Georgia KK Qa South A Fla.. Gila ValG N.. A, Gr Trunk Systenj GrTr. West'u DetGr HiM.. Great Northern.. Montana Ceiit'i Total systeua Gulf&Shlplslauil Hocking Valley.. HouH & Tex Cent H <fe K W. Texas Houb (Si fehrevep' IlUnois Coutrai.. Illinois Soucheru IndlU &Iowa... Int in Gt North'ii JInteroc (Mex)... Iowa Central Kanawha Midi Kan City .South'u <fe I.akeEru'&Westn Lehigh Val itK.. Lexing <v iiaHt'n. Long Island LoulHiana & Ark. . LoulHV t<i Na.Hliv. & Blrm... Mau'tet><tGr '.:i Latest (Jross B^amlnqa XtOADS i^evious Year & No I'revioui Current iear FrevioiM Year S + 4: 35.597 NyC& . 86,960 82,520 35,732 25,583 53,31o 63,565 3,869,030 4,264,190 May 44,936 Ithwk Ap. 47,139 June 3,027 2,744 8,685 June 7,343 152,566 180,766 May 158.627 164,858 June 124,508 144,507 July 29.07.-January .. 30,920 2d wk Aug 687,238 715,113 ithwk July 107,632 137,089 30.'573 34,678 4thwkJuIj July 3,491,979 3,400,09.-. July 180.736 185,929 Jaly 3,672,715 3,586.0.i4 Istwk Aug 38,860 38,981 2d wkAug 164,285 157,1:76 January .. 418,280 460,339 January .. 69,903 81,363 16,514 19,041 January .. July 3,880,473 3,822,203 27,056 12,754 July 135,892 128,820 June i<i wk Aug 85,557 83,157 WkJuly30 10,5,700 106,180 44,629 2d wk Aug 47,968 34.261 31,931 2d wk Aug tune 464,874 389,391 July 404,814 467,475 May 2,514.006 2,624,09« June 51,055 64.770 Dec. 7,877 May June 56,155 60,795 Aug Aug 2d wk Aug July June 696,440 10,256 8,340 981,313 953,707 122,083 174,467 289,074 320,97o 41,108.530 41,436.484 1,485,129 1,445.527 36,010 39,750 85.420 77,227 2,321,564 2,273,997 2,418,263 2,308,299 124,-508 144,507 235.533 179.3»5 4,369,220 4,593.293 446,311 361,394 130,279 98,483 3,491,979 3,400,095 180,736 185,929 3,072,715 3,586,024 190,852 177,103 864,065 861.472 St Jo8&Gr I 3t St L Southwest 9.237 23,376 2,347,081 572.458 99,500 26.810 5,736 12,900 56,163 149,22>i 317,764 82><.OOU 40,000 868.000 8.381 128.34b 191,117 181,983 15.329 1.751 6,443,618 642,373 249.674 1,975,912 892,902 4.048,716 30.321 18,964 591,980 9,777,559 Dec. 57 248,508 1,206.417 714,369 2,020.949 Year 29,551 379,342 321,153 9,237 9,120 9,120 306,7i*5 23,794 296,297 2,213,447 17,256,092 15.158.429 554,431 6,932,877 7,152.994 429.800 95,100 436,500 23.169 87,338 84.599 3,758 5,736 3,758 12.406 81,875 72.629 356,285 67.110 370,115 129.125 746, y76 689.601 300,580 1,987.770 1,003,970 781,000 4,636.000 4,943,000 204,00(J 38,000 199,000 819.000 4,840,000 0,142.000 6,354 43,345 34.678 725,772 743.658 114,805 184.St)6 l,19tf,530 l,l«0.305 216,3«0 1,013,'551 1,25;.707 17.542 15,329 17,542 29,261 40,076 3.553 6,849,464 6,44:>.61>> 6,849.464 642,705 6.652,483 6,176,518 283,447 2,398,2^0 2.377,9S0 1,968,558 22,800,991 21,160,675 872,702 10,048,64i< 9,404,448 4,144,635 4,048,716 4,144,635 389,649 345,070 33,284 210,268 195.505 18,297 578.599 5,902.973 5,606,754 10827859 119166794 119398694 Inc. 60 5.200 4,500 231,552 1,481,540 1,3S3,3.J9 1,176,217 13,59)5,649 13,169,449 679,896 7.643,&50 7,012,779 2,139,56:i 24,337,136 23,601,186 50.142 3,94.0 2,956.970 3,295,110 31,900,073 29,'l04,89'i 3.347.691 2,952.838 32,225,018 20,098,906 6.304,661 6,247,948 64,125,091 49.203.797 187.552 153,600 1,364,305 1,192,248 533.719 539,302 46,346 1,545 60,001 10.772 45.076 7,642 3,393,615 2,903,078 44,969,491 44.376.620 102.867 1,314,221 1,388.162 95,201 June 2,685,335 2,621.068 35.500.103 32,013, 35B June 808,034 943,931 133,840 2d wk Aug 162,971 255.685 208,982 255,685 208,982 July 151,278 141,391 151,278 141,391 July Istwk Aug 261,147 253,383 1,260,807 1,278,125 97,630 103,125 103,125 97,630 July May 7,608,720 7,459,844 85,965,497 80,552.328 January... 1,460,659 1,349,57» 13.775,430 12.847,305 580,584 593.810 4.221,191 4,014.019 January... 696,201 807,199 77,226 99,724 January... 106,623 12,547 96,570 10,300 January... 161,821 1,144,280 1,168,165 161,517 January... January .. 417,904 473,036 2,990,794 3,013,301 288,262 292,660 30,084 36,645 January .. January... 312,659 283.974 2,576,550 2,344,219 565,161 681,749 70,159 65,523 Jauuiiry... January .. 2,619,233 2,503,802 19,658,844 17,932,714 3,405,692 January... 453,189 302,477 287,550 2,253,290 1,917,719 J anuary. 2d wk Aug 877,114 861,299 5,417,295 5,255,999 176,916 164,992 July 164,992 176.916 -19,574 58.596 >uly 49,574 58.596 42,600 51,150 8,4.57 Istwk Aug 11,147 150.874 184,564 1,109.351 1,153,937 2d wk Aug 12,000 10,500 12,000 10,500 July 507,-248 480,723 2d wk Aug 90.508 86,941 135,163 121.632 Istwk Aug 23,429 24,355 2.1 v;k Aug 372,669 412,677 79.672 63.948 11.568 13.954 Istwk July 13.954 11,568 June 4,617,368 4,401.552 55,279,231 50,116.954 614.859 47,131 604.536 June 58.133 2d wk Aug 540,056 475,918 3,130,242 2,935,3ts7 June 406,624 380,924 4,31 1,15^ 4.010.958 595.166 510,942 2d wk Aug 84,742 83,616 166,235 153,698 May 14,922 13.013 SSl.aOl 2d wk Aug 132.100 133.201 831,546 174.974 172,561 June 10.291 10,921 513,969 547,808 July 547,808 513,969 , L& San Fran <> . StLVan&TH.. Seaboard Air L.. Southern Ind So Pacific Co 6... Central Pacinc Gal Har ik S A. Gal Houfl A .Vo GulfWT.t Latest liaU Year May Kas to Ctirrenl <: Manl8 I Week s 297,921 iu V or .Montk — LouiBvHen&fetL March Macon 293,237 hate •Hanistique July 178.631 200,364 Maryl'd & Penn.. June 200.364 84.760 t Mexican Cent'l.i April 95.775 84,760 98,545 94,440 t Mexican I -i tern. June 94,440 July i/tc. 153,918 Dec. 93,948 June WkJiay30 t Mexican Ky 239,782 t .Mexican So nth' ithwk July 233,083 34,572 39,521 2d wk Aug 5,117,467 4,487,600 68.1.71.200 62,350,397 -Millen <t So'w'n. Inly .lune 274,176 243,040 3,251,025 2,915,530 Mineral Kango.. 2d wk Aug May .. 62,949 Minneap A .8t L. 2d wk Aug 61,177 61,177 62,949 July 55,419 Ai)ril M 8t P & 8 St M Istwk Aug 19,41b Apill Mo Kan <te 'lexaf- 2d wk Aug 1,764,190 1,805,412 20,544,975 19,6"82,455 Mo Pao&Iron Mi 2!l wk Aug June 154,148 1 13,252 15.204 13,417 May Central Braucii 2d wk Aug 5,381,898 5,837,436 65.071,081 63,449,633 June 2d wk Aug Total 156,365 161. 15S 2,015,356 1,800,168 Mob Jack & K C. Istwk Aug lune 2,374 5,879 2,374 5,879 July Mobile & Ohio... istwii Aug 45,950 49,418 Nash(^h & Ht L.. 2d wk Aug 3,609 5,133 June 952,891 1,057,114 INat'lRKof Mex Istwk Aug 2d wk Aug 153,974 169,865 963,170 1,000.752 Nev-Oal-Oregon July 81,433 79.817 iune 438,300 308,900 Nevada Central.. June 68,600 58,400 2d wk Aug 2d wk Aug 995,000 911,000 6,270,000 5,805.344 HudRiv .)uly 1,061,590 1,0-4,175 166,900 152,900 wk Aug 2d N YOnt& West. JUllfi ..... 1,924.915 1,839,276 19,79o.6>0 17.341,188 ^f Y Susq & West May May January .. 1,460,659 1,349,578 i3,7/o,43<J 12,817,305 Norfolk & Wesfii lune.. 14,2ti0 10,379 Morthern Central June 6,66:; 3,924 IthwkJuly 1,/37,710 1,525,050 19,297,525 10,711,602 North'uPaeltic. July June 11,4-j5,853 10,071.092 Nor Shore iCali.. February.. 956,168 747,957 June 920.533 Ohio El v& West.. June 791,045 2d wk Aug 134,816 160,467 572,074 Pacific Coast Co Juue 558,417 Istwk Aug 108,291 101,876 3,866.198 4,050,923 48,330,335 47,662,738 ePenn— EastP&E June June 4,380,557 4,796,729 53,334,632 50,639,140 June eWestPA E.... Juue 851,696 996,086 11,43S,287 12,099,339 Pere Marquette (f 2d wk Aug June 204,332 29,2»0 184,883 31,905 2d wk Aug PhilaBalt&W'sli June. 133,796 120,776 691,237 755,663 Phlla & Erie Ifetwk Aug June 2,038,743 2,039,013 21,069.954 20,390,762 Pittsh C C & St I. June June 250,120 2,785,120 2.666,827 273,974 May Raleigh <te O Fear June 646,542 805,811 Beading Railway May 2d wk Aug 104,647 132,273 224,035 192.922 13,732 13,339 June May Coal&IrCo 466,453 353.249 44,979 39,204 May Total Both Cos May 74,431 94,729 Rich Fr'ksb & P May 6,009 June 9,354 242,307 253,859 Rio Grande Jet.. May 19,479 25,306 June 842,194 Rio Grande, So... Istwk Aug 149,750 125,193 1,291,195 January... June 2d wk Aug 290,700 369,600 1,864,200 2,189,100 Rocklsl'dCo Kio Gr. West. \ Dct & Mackinac. June Detroit Southern Istwk DulSo8h<MAti.. Istwk Erie 54,072 Latest 178,631 95,775 98,545 July VkkBb'fj July AUeglieiiy Valley to % S 56,798 1 Current Year Previous * Ala Gt .SnuthPrn. iBtwk Aug AlaN O <fe lexa^ Paciilc. July P.. Louis'a West. .. Morgan's L <k T N Y T & Mex . Oregon & Calif. So Pac Coast.... So Pao BR Co.. SoPaoS8.Ltm-s Tex&NOrl . 3,358,2511 Southern Rallw'v 555.001 TerreH & Ind ... 519,274 124,142 144,5511 Terre H <fc Peor.. 3,880,473 3,822,203 Texas Central 27,056 12,754, Texas & Paoihc. 1,582,380 l,716,716i Tex S V <& N W 552,362 571,491 Tol <& Ohio Cent 441.170 446,290 Tol P & West .... '-•88,163 284.962 TolStL&W 201.216 18«.492 Tor Ham <t- Bull 6,450,320 6,010.459 Un Pac Sy.stem 407,475 Virginia & So vV'n 404.S14 27,086,112 23.953.356 Wabash 611,947 574,786 Jersey ik Sea'e Inc. 296 ,227 Wheel <fe LE 704,671 532,534 Wm'sport&N.Br. 672,340 608,436 Wisconsin Cent. 702,215 4,^14.265 4,400,126 Wrlghtsvd: T'n.. 10,256 11,055 Yazoo <te Miss. V. 11,055 89,9231 11.344 140,483 3,461,608 . . . . . W 1 VAKIOIJS FISCAL YEAKS. KG ADS Gross Jiamings Allegheny Valley Atlanta & Charl Air Line.. Atlantic & Blrmiughaw a. Bellofonte Central Chicago & North West.1[... Chic at P Minn & Omaha.. Cumberland Valley International & Gt North'n Jan. 1 to June 30 Mar. to Mav 31 Dec. 1 to Apr. 30 Jan. 1 to Inly 31 Juue Jan. Jan. Jan. Lake Erie Western Jan. Manistee & North Eastern Jan. Manistiq ue Jan. Maryland & Pennsylvania Mar. Missouri Pacific Jan. Central Branch Jan. Total Jan. fMexican CentraH Jan. Mexican International .. Jan. & 1 ] 1 to June 30 1 to June 30 1 to Jan. 31 1 to Aug. 14 1 to July 31 1 to May 311 1 to July 3ll 1 to June 30 1 to Aug. 14! 1 to Aug. 14 1 t') 1 to 1 to Aug. 14 Apr. 30 June 30 ROADS Current Year Previotcs Year Decrease. 876,6li2 !P224,365 808,399 288,127 31.8'.a9 43 005 4,380,557 4.796 .729 5,,597 018 1 193 .3.123 ,450 182,059' 45,199 100,062 24,189,619 1,009,000 25.198.619 9.044. 41 3,561.606 • Mexican Railway Mexican Southern 2,915 219 RR of Mexico... Northern Coutrai Shore North ePennsy., East of P & B... E eWc.«tof w Pere Marquette Phila Baltimore &Wash.. Philadelphia & Erie Pitts Ciu Chic & St Louis.. Rio Grande J unction St L Vandalia & Terro H .. Terre Haute &, ludianap .. Terre Haute & Peoria ;National 4,980,03*! 149.750 2,934,260 2,730,042 ; Gross P& 159 793 38 .800 102 ,626 24,465 480 800 000 25.265 480 8.327, 285 Texas & Pacific 3,720, 548 West Jersey & Seashore... JCammys Jan. 1 to Jidy 30 Jan. 1 to July 31: Jan. 1 to Aujf. 71 Jan. 1 to June 30 Mar. 1 to Feb. 29 Jan. 1 to June 30 Jan. 1 to June 30 Jan. 1 to Aug. 14 Jan. 1 to June 30j Jan. 1 to June 301 Jan. 1 to June 30i Dec. 1 to May 31 Nov. Nov. Nov. 1 to July 31 31 31 to July 1 to July Jan. 1 to Aug. Jan. 1 to June 1 14 30 Current Year iV«»«ott« Year $3,343,900; $3,062,300 ,596,332 697,273 6,913,319 4,878,594! 632,652 56,695.676, Decrease. 6,S14,103 6,572,811 3,470,666 ll,618,160i \ 262,611 1,979,271 l,496.582i 460,866, 6,546,145 1,775,45 :ii 6,999,086 5.040,194 538,435 60,155,276 1,375.100 6.674.387 6.624,011 3.608.006 11,880,844, 269,085 1,798.050 1.444,296 452.122 6,739.460 1.724,852 t Results on Monterey dc Mexican Gulf are included for both periods. currency. j Mexican K Includes trans-Miesourl line* Blnce Feb. 16, 1903. 6 Includes the Hous .te Tex. Cent, and Its subsid. lines iu both years and for both periods, e Covers lines directly ope^ ated. West, and also Florida Southern and Sanloro t Including Sav. Flor. a Inoludea the Chicago & Eastern Ulinois In both years. & Bt. Petersburg Rye. in both years. to Includes Lake Erie a These figures are lor tUe consolDet. RJv. Ry. froin Jan. 1 both years. idated company, luolnding Tifton Thosv. Gulf and Titton & Norttieaatero. 'Approximate figures. & & A '. . Aug. > . THE CHRONICLE. 20, 1904. Latest «ro8S Earningra by Weeks.— In the table which foUow^s we sum up separately the earnings for the second The table covers 32 roads and shows we«^k of August. 1"88 per cent increase In the aggregate over the same week last year. 1904. id week of August. Ann Arbor Bntralo Booh, ft Pltteb')? Canadian Northern Oftnartlan Paoino Oentral Of Georjda Ohio Great WCHtern Chicago Term. Transfer. 1903. tncrecue. 39,521 169,866 58,400 911,000 162,900 160.467 34,572 153,974 68,600 995,000 166.900 134,816 Deerease. 4,949 15,891 10,200 84.000 14,000 25.651 29.2'<0 3i.90'5 2.fi25 104.647 290.700 132,273 369,600 27,626 78,900 687,238 715,113 157,276 83.157 44,629 LODteHouthwestem.. Bonthern Railway Texas & Paolllo Toledo A Ohio Central.. Toledo St. L. & Weat 164.285 85.557 47,968 34,261 696,440 12.900 56,163 317.764 828,000 40,000 191.117 248.508 162,971 877,114 180.874 90,508 79,672 Wabash 640.0.'>6 86,<»<1 63.94i5 475,9 8 84.742 132,100 83.616 133.201 7,536,727 7,399,093 Colorado ASoathem..- Denver A EUo Grande Gr'nd Trante of Canada Grand Tmnk West,.. Det. Gr. Hav. A Milw. j > HocMns? VaUey International &Gt. Wo.. Iowa central Kanawha & Mionijran... MinneapoUs & 8t. LoolevlUe & NashvlUe.. Mineral Banife IHO. Louis. Kansas* Texas. .. Mo.Paolflo&IronMt... Central Branch ...... Nashv. Chat. & 8t. LottlB. Fere Mara nettet St. Wheeling *Lafee Erie... msoonem Central Total (32 roads)........ Net Inoreaee (1-86 p. o.) 27,875 7,009 2.400 3,339 2,330 31.931 702.215 12.406 67,110 300,580 781.000 38,000 184.866 231,552 133.840 861.299 184.564 ""'494 5.775 "i6",947 '17. is* 47,000 2,000 6,251 16,956 29,131 15,815 "8.567 3,690 15,724 64.13S 1,126 1,101 S42,t)64 205,030 137.634 Tnoludee Rio Grande Western. Riv. RR. In both years. " Includes Lake Erie t & Detroit For the first week of August our final statement covere 46 roads, and shows 1*85 per cent increase in the aggregate over the same week last year. 1st week of August. 1904. 1903 increase. S Decrease. 6,421,288 56,798 149, '00 108.291 133,796 25,583 9 6.275,528 54,072 156.300 101,876 120,77« 35,732 658,833 685,572 26,739 38,981 45,574 56.777 114,80? 216,380 253.383 121 l,2^5 Mobile &Ohlo National RK. of Mexico. Seaboard Air Line Texas Central ....... Toledo Peona & West's 38.860 44,319 86,430 128,349 181,933 261,147 11.147 23.429 "7,764 8.4.^7 2,690 TotaI(46 roads)........ 8,299,353 8,188,568 $ Previously rep'd (30r'do Alauzuiia Gt. Hoatnetn Central or Georsria Ohio, Ind'pUs & Loulsv.. Oln. N o & Texas Pac. Detroit Bout hem ..... Grand Trunk of Can... Grand Trunk Weat . . Det.Gd Hav. <&> Mllw. enlt A Ship Island 9 150,226 2,72t "7,200 "*6.4l>' 13,020 10,149 > > S Iowa cenirM ............ Minn. * St. Louis Net Inorease (1-35 295,986 — Gross Earnings. — Boads. A Saco Current Previous Year. Year. $ $ Net Earnings. Current Previous Year, > Year. R.b. June 3,609 5,133 480 1,912 45,950 July 1 to June 30 ... 49,418 14,126 16.091 688,830 Baft. R. A Pittbs.b June 707.720 309,367 330.920 July 1 to June 30.... 7,529,957 7,452,733 3,121,151 3,220,328 Snflalo A B'sqne.a June 81,433 26.518 79,817 27,659 963,170 1,000,752 Jnly 1 to June3o.... 332,842 432.459 297,600 Canadian Northern. June 264,300 89,300 87,800 3,124,800 2,304,450 1,006,800 July 1 to June 30 769,510 Canadian Paoltlo.a June 4.418,865 4,152.610 1,449,911 1,246,055 July 1 to June 30 .. 46,469,132 43,957,371 14,213,105 15,'836;845 668,383 Cent, of Oeorgla.a June 669,156 236,494" 62,376 July 1 to June 30.... 9,396,981 9,164,470 2,209,546 2,071,921 Cent.of N. Jersey.b.May 1,924,915 1,839,276 840.436 709,609 July 1 to May 3l.:.. 19,795,680 17,344,188 8,734,837 6,705,667 Obatt'n'ga South.ajune 8,693 10,397 d6f. 923 336 111,253 122,668 det.l 6,603 July 1 to June 30 .. . 10,021 Ohesap. A Ohio. b.. June 1,787,716 1,625,060 607,339 520,113 July 1 to June 30.... 19,297,525 16,7li;602 6,514,335 5,658,879 Alton .a June 956,168 26',028 Ohlcago A 747,957 163.025 July 1 to June 3o.... 11,425,853 10.071,092 3,561,253 3,100,896 WesT'n.b May 586.531 Ihlo. Qt. 633,163 165,312 207,025 July 1 to May 3i.... 7,598,739 7,115,377 1,957,649 2,060,009 Chio.Ind.ALonlfe.aMay 454,773 439,524 156,562 169,466 July 1 to May 3l.,.. 4,855,978 4,629,724 1,742,798 1,793,798 Ohio. M. A St. P. a. June 3,866.198 4,050,923 1,097,741 1,055,897 July 1 to June 30 ...48,330,335 47,662,738 16,453;745 16;064;664 Ohlo.Ter.Tranef b May 184,646 148,667 44,468 58,386 Jnly 1 to May 31.... 1,440.109 1,602,546 458,631 657,381 Cin. New Orl. A Tex Pac— See under Southern Ry. System below. Ul.«Jin.Ohlo.A8t.L.aJune 2,038,743 2,039,018 647,816 549,967 July 1 to June 30. ...21,069,954 20,390,762 4,339,727 4,721,332 PeorlaAEaen a. May 260,120 273,974 49.612 50,279 531,177 July 1 to May 31 ... 2,785,120 2,666,827 587,069 450,697 556,777 dl54,291 dl79,056 Oolor'do ASonth.b. June July 1 to June 3o.... 5,702,687 6,142,989 di456,253 dl468,508 13.732 Oolum.Newb.A L.b June 13,339 81 def. 3,184 224,035 192,922 July 1 to June 30 ... 50.444 50,651 44,979 39,204 Copper Range a ...May 13,962 17,689 466,453 353,249 141,896 July 1 to May 3i 162,699 June 6,009 Corn wall, a 9,354 2,707 2,972 74,431 94,729 July 1 to June 3u 23,271 def.31.618 19,479 Cornwall A Leban.. June 25,306 6.904 13,012 242,307 July 1 to JuneSu 253,859 106,555 113,838 Bridgt. — — Delaware & H'dson Co.— Albany & Sn-quehbApr. 1 to June 30 1,686,340 1,218,580 893,607 492,913 Jan. 1 to June 30.... 3,071,347 2,426,937 1,576,192 1,075,957 Renss. A Sar.AAdlr.b— 809,928 Apr. 1 to June 30.... 820.886 152,192 190,253 1,468,352 1,519,246 192,302 Jan. 1 to June 30 888,000 N. Y. A Canada, b.— r,o June 30.... 462,963 357,903 128,728 Apr. 141,529 811,390 658,447 Jan. 1 to June 30 188,285 270,040 in New York State. Del. Lack. A Western b— Leased lines Apr. 1 to June 30.... 2,772,560 2.849,565 1.441,173 1.617,638 July 1 to June 30 10,479,364 8,572,751 5,484,431 3,845,760 1 347 '{3.54i 34,397 926 24.355 842.14.^ 231,360 110.785 p. o.). Met Earnings Moatlily to Latest Dates.— The following shows the gross and net earnings to latest dates of all Steam railroads furnishing monthly statements. The compilation includes every road from which we can get returns of this character, and in that form is given once a month. Early returns are published from week to week, as soon as issued, but for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earnings say about the 20th of the month. Besides the companies furnishtng monthly returns we have added this time the roads which make — quaritrly returns. 7-27 —Current Gross Earnings. — Previous Year, Year. . Net Earnings. J'rcvious Current I'ear. Tear . Roads. .$ $ $ $ Alabama Great Southern— See under Southern By. System below. Allegheny Valley... June Deo. 93.948 Deo. 114,198 Jan. 1 to June 30 Deo. 224,365 Dec. 439,251 Ann Arbor. b June 170,704 174,967 22,412 def.16,549 July 1 to June 3o.... 1,979,045 2,037,215 593,456 570,607 AtoluT.AB. Fe.b..June 5,117,467 4,487,606 tl, 569,515 11,189.722 JolT 1 to June 3u.. .68.171.200 62,350,397 t25949167 123913286 Atl'taAChar.A.L.aMay 60,264 274,176 243,040 69,681 July 1 to May 31.... 3,261,025 2,915,530 1,101,280 976,118 Atl. Knox. & >«o.a Mar. 12,673 63,923 16,307 63,063 July 1 to Mar. 81.... 544,238 102.167 88,786 520,468 Atlantic AB.iZv-a.Apr. 55,419 17,825 Deo. 1 to Apr. 30.... 288,127 73,376 Br'nswiok&Blr.aApr. 654 19,416 aAtlant.CoaBtL.a.June 1,764,190 1,805,412 778,860 667,465 July 1 to June 30. ...20,544,975 19,682,455 7,717,882 7,070,119 Baltimore A Annapolis 4.143 Short Line.a May 15,204 4,416 13,417 37,789 July 1 to May 31.... 154,148 50.154 113,362 Bait. A Ohio Cob. Jniw 6,381,898 6,837,436 1,861,690 2,389,714 Jolj 1 to June 8u.... 66,071,081 68,449,633 21,442,217 23.879,669 Bangor AAroost'kbJue 50,124 161,158 156,865 56,988 July 1 to Jane 30.... 2,016,366 1,800,168 669,608 766,414 BellefonteCentr'lbJoly 3,008 311 2,874 5,879 16,798 Jan. 1 to July 31.... 31,829 48,005 7,866 b- Byr. Bing. A N. Y. Apr. 1 to June 30 July 1 to June 30.-.. 370,124 363,321 157.418 467,907 519.883 192,276 414,147 471,614 5,735,951 6,161,325 21,887 19,059 307,778 285,201 Dul. Bo. Bh.AAtl.b.June 228,275 273,094 74,705 113,009 775,156 1,014,045 July 1 to June 30.... 2,524,613 2,772,135 Dunk'k All. V, A Pitts.b— 10,625 69,955 76,575 17,492 Apr. 1 to June 30 291,558 305,093 74,754 49.919 July 1 to June 30.... Erie.a May 3,869,030 4,264,190 1,503.191 1,808,104 Jmy 1 to May 31....41,108,530 41,488,484 10,627,199 13,981,100 2,744 def. 498 Falrohlld A N. East June 3,027 1,282 39,750 8,5^2 12.408 Jnly 1 to June 30 .-. 36,010 1,573 Farm V, A Pow h't'n a June 8.685 7,343 1,020 77,227 def.v68 85.420 1,669 July 1 to June rO Ft.W.ADen,CUy.bMay 180,766 20,449 def.8,472 152,566 697,506 462,595 July 1 to May 31 2,321,564 2,278,997 164,858 17,743 Georgia RR.a... 168,627 6,640 June 658,169 683,076 July 1 to June 3o..^ 2,418,283 2,308,299 Georgia South. A Florida— See under Southern Ry. System below. 5.^3,074 Or. Trunk of Can.. June 2,618.178 2,486,198 882.783 Jnly 1 to June 30... 27,728.187 27, 2('3. 630 7.728,172 7.884,246 Jan. 1 to June 30 12,454,833 13,519,526 3,229.896 3,810,708 '.09,983 Gr. Trunk West... May 486,183 107,063 448,205 July 1 to May 31... 4,913,140 4,654,534 699,379 642,374 Det.Gr. F.* Mll.May 78,837 12,166 1,460 97,816 262,908 July 1 to May 3i.... 1,134,784 1,086,567 230,356 Green wioh A John sonv b 5,951 Apr. 1 To June3o... 16.617 6,724 17,586 11.459 Jan. 1 to June 30... 11,678 34,900 29,266 60.458 Golf A Ship 1r1. ..a.June 34.795 146.378 149,587 625,429 600,581 July 1 to June 3u 1,829,816 1,705,047 279,919 166.487 Socking Valley. a..June 653,730 481,852 July 1 to June 3o 5,725,488 6.049,698 1.872,863 2,211.172 Illinois Central.. .a.June 4,024.226 4,087,5f.O 1,224,474 1,090,316 July 1 to Juno 30.. ..46,831,136 45,186,076 12,095,454 13,488,121 43,961 39.064 Ind. m. AIowa.a..June 128.828 136,892 482,138 316,430 Jnly 1 to June 80.... 1,582,380 1.716,716 Interborongh Rap. Trans. 1,238,035 1,103,878 1,318,682 1,416,881 If Den. ARlO G'rte. b.May 31... 15,046.266 15,902,015 July 1 to May 86.960 Detroit A Mack'o.aJune 82,520 981,313 953,707 July 1 to Juneau.... . . Oo. (N. Y. city) bApr. 1 to June 30..., 8,746,101 Iowa Central. a... June 199,026 July 1 to June 30.... 3,877,105 Kanawha A Mich. a June 189,391 Jaly 1 to JuneSu.... 1,657,666 Kan.Olty South. a.. June 464,874 July 1 to June SO.... 6,450,320 L. Champlaln A Morlah b— Apr. 1 to Jiuie30.... July 1 to June 30. 81,484 119,017 3,271,787 2,213,888 1,969.898 rl0,702 r35.460 176,671 2,405,543 r334,473 r488,563 28,994 26.860 147,440 132,019 248,417 1,281,322 _«8.0fl0 889,891 .„„321 6,010,459 1,760,887 1,500,284 7,812 31,863 88,975 det.16,096 , ._.. def.9,S09 (let8,643 — THE CHRONICLE. 728 , A L. 8h. Roadi. Mich. S^nth —Current Gross XaDiiiigs. — Precious I'rr.vloui i'ear. I'ear. Year. $ $ $ $ 1,990.856 7,979.094 4,300,960 1,763,217 8,799,458 4,329,563 b- & Hudson b.— 64,927 182,883 134,269 56.476 Apr. 1 to June 30.... 487,113 181,502 420,441 200,180 Jaly 1 to JuneSO.... RR.— See page V. 79, 265. Lehigh Valley 10,592 51.058 64,770 21,655 Lexlng'n &Ea«t.l>. June 611,947 224,868 674,786 173,556 July 1 to June 3o.... May Deo. 7.877 Deo. 77.266 LongFalandb Inc. 296,227 Deo. 500,677 July 1 to May 31 Arhan.aJune 60,795 23,242 18,991 56,155 LoalB'na& 704.671 532,534 160,828 214,400 July 1 to June 3o.... 913,741 906,034 IiOalBT. d: NaBbT.>> June 7,923 648 8,058,983 July 1 to June 3o.... 86,943,793 35,449,378 11,802,245 11,478,565 Manistee A Or. Rap. June 988 8.340 11,344 1,516 89,923 140.433 deM3,876 def.l,0d4 July 1 to Jun* 30.... iVo. B.a.May ManlBtee 35,597 29,551 13,422 14,241 Jan. 1 to May 3i.... 182,059 159,793 65,805 76.966 BfanlBtlqne.b July 9,287 9,120 1,051 3,461 Jan. 1 to July 3i.... 45,199 38,800 7,852 1,768 Maryland* Penp.. June 23,376 23,794 6,663 5,462 Mar. 1 to June 3o.. 100,062 102,626 31,138 25,497 676,755 669,548 C Mexican Cent. e.. Apr. 2,347,081 2.818,447 Jam. 1 to Apr. 30.... 9,044,418 8,317,285 2,361.124 2,227,502 cMex. Intern at'l... June 672,468 564.431 235,193 187,086 Jam. 1 to June 30.... 8,561,606 3,720,548 1,506,389 1,459,535 MlUen&Bouthw.a.Joly 6,736 8,758 1,051 1,286 Mineral Range. b... Jane 55.194 50.334 11,760 18,706 5^^9,798 105.021 July 1 to JuneSO.... 660,488 75,202 Minn. & 8 1. Louis a. June 240.693 256,608 v77,916 v98,377 July 1 to June 30.... 2,850,566 3,265,472 vl049,«64 vl237,530 M.St.P.<Si8.8.M.b.Jujie 628,816 651,829 817,303 286,618 July 1 to JuneSO.... 6,993,498 7,237,264 3,346.718 3,517,342 Mo.Kan.&Texaa.a.June 1,410,797 1,098.056 400,769 107,260 July 1 to June So... 17,766,595 17,208,193 4,768,886 4,759.110 Mo. Pac. System. b.. Jun* 3,232,653 2,997,316 692,968 783,864 Jan. 1 to June 3U.... 20,358,619 20,123,480 4,765,896 6,174,462 Mob. Jacks. <&K U.June 38,479 39,010 17.447 9,880 & 273,980 183,947 July 1 to June So.... 426,331 108,518 Mobile & Ohio— See nnder Southern By. System Delow. 877,676 236,937 219.570 Naah. Oh.<S»8t.l..b. June 866,419 July 1 to June 80.... 10, 206,022 9,606,870 2,624,992 2.610,766 oKat'lBR.ofMez..June 936,471 1.065,271 303,720 395.093 Jan. 1 to June SO.... 5,899,468 8,747.379 1,878,654 2,028,422 ireT.-Cal.-Oregon.a.Jane 20,783 17.376 10,498 6,318 July 1 to JuneSO.... 194,835 196,055 78,670 85.678 Hevada Central.. ..June def.618 1,751 3.563 377 29.261 40,076 July 1 to JuneSO.... 3.708 13,962 Nevb.Datch.&Conn.b— Apr. 1 to JuneSO.... 41,860 46.096 6,387 5,659 July 1 to June 30.... 171.414 181.916 25,656 47,618 V.\ . Chlc.& St. Louis faApr. 1 to June 30.... 2,256,193 2,040,146 510,551 468.231 July 1 to JuneSO.... 8.599.599 7,962.892 1,832,198 1,897,143 Jan. 1 to June 30.... 4.337,287 4.185,958 925,810 961.067 042.373 642.706 249,887 229,640 H. Y. Ont. A West.a June July 1 to June 30.... 6,652,483 6,176,518 1,605,703 1,655,618 249,674 283,447 130,086 ir.T.Sas. AWest.a.May 169,949 959,767 1,020,703 July 1 to May 31.... 3,398,380 2,377,980 Norfolk&WeBt'n.a June 1,975,912 1,968,668 778,872 856,233 July 1 to June SO.. ..22.800.991 21.160,676 8,687,261 8,468,245 Northern Gentr a) bjune 892,902 872,702 290,716 189,515 940,384 1.093.481 Jan. 1 to June 30.... 4,878.694 5.040.194 18.964 18.297 3.832 Ohio River & West. June 6,768 210,267 195,505 62,914 July 1 to Jane 3u.... 64.082 Paelfio Coast Company -See Mlscellaneoas Companies. PennsylvaniaLines direotlyoperated JEast of Pitts. &E. June 9,777.859 10,827,869 8.702,799 3,506,899 jjan. 1 to June so... 66,696,676 60,156.276 14.818,567 17.328.457 Inc. Deo. 574,500 80.400 Westof Pitts. <&E. Jane Deo. 1.390,000 Deo. 1,375,100 Jan. 1 to June 30. 877,435 Phil. Bait. A Wash.b June 1,206,417 1,176,217 807,135 Jan. 1 to Jane 30.... 6,672,811 6.624.011 1,473,160 1.719,260 679,896 339,783 714,869 Fhlla. A Erie.b June 211,328 Jan. 1 to JuneSu.... 3.470,666 3,608,006 1,002,617 1.031,684 Pitta. CO. A St L.a June 2,020,949 2,139,562 Jan. 1 to June 30.. ..11,618,160 11,880,844 863,211 2,471,880 663,072 2,802,370 Poagbkeepsle A Bast.b — 17,314 Apr. 1 to June 80.... 17,768 2,067 1,676 BaleighAO. Fear...June 8,940 1,820 60,143 July 1 to June 30.... 21,652 Beading companyPhila.ARead'g.b.May 2.956,970 3,295.110 1,119,284 1,448.192 July 1 to May Si. ...31,900,073 29,104,891 12,469,180 10,394.438 A Iron Co. b May 8,347,691 2,952,838 328,696 466,757 July 1 to May 31....82,225,018 20.098.906 2,862,518 2,457,826 Total both Co. 'B.bMay 6,304.661 6,247,948 1,447,880 1,914,949 July 1 to May 31 ...64,128.09149,203,797 16,821,647 12,852,264 Beading Co.b.... May 120,880 119,746 1,300,615 1,264,242 July 1 to May 31 Total all Co.'s.b.. May 1,663,710 2,034,695 16.622,262 14,116,606 July 1 to May 31 187,5.'>2 Pot. May 163,600 74,462 54,634 BiOh. Fred. A 455,364 361.705 July 1 to May 31.... 1.364.308 1,192,248 46.346 61,545 f 13.904 BloOrandeJaDOt..May f 16.464 262,611 269,085 f78,783 fa0,725 Deo. 1 to May 81.... 87,942 46,715 14,686 23,900 Bio (irande South. ». June 461,566 553,554 192,010 278,157 July 1 to JuneSO.... 822,881 518,764 Book Island Co.a... June 3.393,615 2,908,078 July 1 to June SO. ...44.969.491 44.376,620 11,757,020 14,998,185 95.201 102.867 23,672 def. 3 1.074 Bt. JOB.A Gd.lsl.b.June 238,204 407,011 July 1 to June 3v^.... 1,814,221 1,888,168 Coal St. L. A Han Fr. (Inolad. 829,678" 908,793 A E. 111). a.. June 2,688,335 2,621,068 July 1 to June 30.. ..38,660,103 32,013,358 11.409,177 10,975,072 Ohio. — Cross ICurniiKjs. — I'.nr-nhKjs. Currriil I'ear. Apr. 1 to June 30.... 8.772,961 8.710,824 July 1 to June 30. ...34,885,444 83.297,117 Jan. 1 to June 30. ...17,188,245 17,101,965 LehlKh \el [Vol. t.y y i y . \el Jluriiintjs. I'revious Year. 1 J'reri'ius Currmt Tear. Year. Year. 7.649.484 7.278,574 2,227,887 2,033,411 Apr. 1 to June 30 618.650 731,828 July 1 to June 30 ... 2.598,416 2,393,300 126.591 San Fr. A N. Pao.a June 125.704 July 1 to June So .. 1,357 666 1,299,279 Seaboard Air Line a June 1,090.107 1,067,269 July 1 to June so ..18,311,408 13,706,627 South Buffalo Rv fa69,821 82,727 Apr. 1 to Juno 30 ... 224,824 613,903 38,516 271,355 211,018 8,177.596 134.671 675,476 31,446 309,045 298,744 3,887,749 6,083 189,823 216,259 86,401 eoathem Indiana bJune 106,810 77.686 42,018 943.572 564,763 Jaly 1 to JuneSO ... 1,293,580 ISouth.Pao. Co.a. May 7.608.720 7,469,844 2,466,008 Jidr 1 to May 31. ...85,965,497 80,562,828 25,876,698 Southern RallwaySyst S02.373 Southern Baliw a June 3.487,650 3,359,402 July I to June aO.... 45,109,777 42,384,939 11.994,310 637,206 531,975 133,664 Mobile &Ohlo.a.. June Jaly 1 to JuneSO.... 7,789,706 7,486,980 2,3^9,796 673.886 593,150 135,527 Cln.N.O.AT P.a.Jane July 1 to June 80.... 6,768,744 6,156,486 1,697,421 249,459 40.769 Ala. Gt. South a.. June 260,886 624,925 July 1 to June no.... 3,099.445 2,749,819 131.143 140,468 Ga. South.AFia.aJune 22,914 415,077 July 1 to JuneSO ... 1,693,641 1,685,191 Btaten Island Railway fa 51,913 50.308 def.3.202 Apr. 1 to JuneSO... 196,Oti8 183.585 deM4,603 July 1 to June 30 Btaten Isl'd Rap. Tr. fa169,080 176.638 83.128 Apr. 1 to June 30.... 624.166 282.794 662,993 July 1 to JuneSO.... Indlanap Terre H. & a— 494,817 491,876 119,569 Apr. 1 to June :-sO.... 669.292 July 1 to JuneSO.... 2,085,803 1,906,439 Terre Haute A Peorlafa— 162.042 (leM6.551 144,569 Apr. 1 to June 30 ... 628,473 607.620 69,730 July 1 to JuneSO.... 35,477 2,829 37,084 Texas Central. a.... June 601,015 185,776 785,416 July 1 to June 3o 117.049 346.031 363.915 Toledo A O. Cent. a. June 796,463 July 1 to JuneSO... 8.698,684 3,438,872 110.808 20,770 98,203 Tol.PeoriaAWe8t.bJaly 287,746 195,952 88,800 Tol. St. L. A We8t..June eDnlonPac.Sv8t.a.June 4,617,368 4,401,662 1,860,368 July 1 to June 30... 65,279,231 60,116.954 24,781.788 47,181 58,133 17,031 Virginia A So'thw. fa June 195,517 604,536 614,859 July 1 to JuneSO.... 834,258 June 2,018.188 1,709.906 Wabash.fa.... July 1 to June 30.. ..23,013,782 21,140,822 5,330,847 117.885 406,634 380,924 W.Jersey A Seash.bJune 248,183 Jan. 1 to JuneSO.... 1,775,462 1,724,883 West. N. Y. A Penn.fa— Apr. 1 to JuneSO.... 1.308,909 1,451,617 def.58,409 802.864 July 1 to June 30.... 6,630.986 5,116,341 423,443 77,384 861,844 Wheel. A L.Erie, fa. June 4,325,283 4,234,771 1,049,983 July 1 to June SO 13,013 1,260 14,923 Wmsp'rtANo.Br.aMay 160,238 23,388 153,698 July 1 to May 81.... 192,040 589,100 518,445 WisoonBlnCentr'l.bMay July 1 to May 31.... 5,921,097 6,045,333 1,891,798 2.471 x10,921 xl0,291 Wrights V. A T<^nn. fa June 47,278 July 1 to June 80 .. xi72,561 xi74,974 69,778 566,780 564,771 YwiOoAMlSB.Val.a.June July 1 to JuneSO.... 7,868.386 7,330,085 1,772,717 19,421 69,141 36,408 Current Roads. 8t.Loai8 S'west.b.July 1 to June 30 8t. LoulB Van. * T. H.b— July 1 to June 80 482,027 2,383.313 23,869,321 865.914 11,369,362 60.958 2,276,809 127,593 1,606.016 51,280 685.016 24.276 400,789 def.2.628 9,828 54,670 232,823 141,153 534,949 7.145 43,640 7,213 163,733 116.818 778,921 82,140 8,375 1,756,185 32.074,826 21,941 240,930 109,119 8,325,168 75,385 264,132 100,697 33,288 94,018 1,001,711 def.478 40,819 214,998 2,208,726 3,064 68,276 74,098 1,65«,925 a Net earnlngBheregiven are after dedaotlng taxes. fetearnlngB heregiven are before delaetlng taxes c These figures are In Mexican oorrency, and are oonTertlble into gold at the current rate of exchange. dNet, after deducting taxes is $137,635 and $144,060 for 1904 and 1903 respectively for June, and from Jalv 1 to Jane 80 net i> $1,210,016 this year against $1,234,878 previous year. e InoludeB results on Monterey A Mexioaa Golf and Cuemavaca A Paolilo, Bio Verde Branch, etc. f Thirty per cent of gross earnings. K Length of road was redaoed in July, 1903, by 662 miles on aoooan| of sale of part of the Oregon Short Line system and figures for previous year have been revised to conform to the new basis. 1 Hoaston A Texas Central and its snbBldlary lines are inoladed both for the month and for the period from July 1. Buffalo A Allegheny Valley J These figures include results on the DlTlsion In both years. r For Jane additional tuoome is $11,700 this year, against $4,189 From July 1 to Jane 30 additional Income this year is last year. $49,185 against $34,574 last year. fa These figures are for the consolidated company, inoladlng the Ti/ton ThomaavlUe A Golf and Tlf ton A Northeaetern. a Inoladlng earnings of Savannah Florida A Western in both years and also Florida Boutheru and Sanford A St. Petersburg By. in both years. T For June additional Income is $13,476 this year, against $7,008 From July 1 to June 30 additional Income is $128,328 last year. tills year, against $161,365 last year. " other income" for X Includes $491 last year. From July 1 to June June this year, against $472 Inoome Included, amounts SO, other to $5,974 this year, against $6,561 previous year. 1904, taxes and rentals amounted to $134,777, t For June, against $141,967, after deducting which net for June, 1904. was From July 1 to June 30, 1904, *1,434,738, against $1,047,755. taxes and rentals amounted to $2,302,600 this year, agst. $2,119,324 last year, after deducting which, balance is $28,646,667 this year against $21,793,962. H Includes Bio Grande Western for both years. —— — A AiJC. ' . [Bterest OUar^es and SarpUs*—The following road*, id aldltlOD to their gross and net earnings given In the foregoing, also report charges for interest, fto,, with the surplvs above or deficit below those charges. , Atlantic A Blrm — J«ne Apr. to Apr. 30 Bronswlok A Blr..Apr. Dea Int., Rentals, 1 etc. — r-Bal. of Net Earn'gs.—. , Current Previous Current Previous Year. Tear. Year. Year. ^ Boads. Ann Arbor 48,848 9.167 44,208 4.768 46.431 560,070 ^ S8.646 ^ q> *df. 19.909 "01.44.443 8,668 29.168 d6f.4,114 47.967 9,557 11.167 Banf^nr A Aroost'k. June 621.283 196,344 148,376 July 1 to Jm»«30..., 509 def.63 S43 1,403 Brldgt. 4 Saoo Blv. Jmme 6.287 7.876 6,250 9.804 July 1 to Jane 80 *32.279 12,309 16,189 *30,510 Buffalo AS'squeh. June 147 904 •848,778 *384,*90 157,958 July 1 to Jnae 30 243.349 186.922 11597.087 11522.687 0«nt. of ». Jersey. .May July Ito May 31.... 115807.829 ir5183.037 3.927.008 1.622,630 5,876 5,624 8.488 May 11,764 Oopper Range 64.625 56.771 86.126 97.974 July 1 to May 3i. 1,728 4,176 8,985 9,027 Cornwall A Lehaii..J«M« 47.440 57,088 49.467 66,398 July 1 to 9imm 3u.... jDelaware Albany Apr. A HudsonA Sus^nehana— 1 to JuaeSO.... jMk Ito Sens. June.-<0.... A 8ar. A - , THE CHRONICLE. 1904.] 2/0, — 314.138 640.624 311,276 621,046 679,469 935,672 181,637 464,811 A41r.— 316.471 dM83.793 df.ia6.218 386,986 Apr. 1 to JWM 80.... 640,321 df.484,301 df.263.221 676,603 Jaa. 1 to JwbaSO.... H. T. ACanaaa— 36,200 91,993 102,623 49,530 Apr. 1 to JmM* 80 186,239 deM4,649 88,811 JML 1 to Juns 80.... 202,934 York State. linei In Mew >•!. Lack. A Wextem Leased 612.208 827,460 1,005.435 013,713 1 to Jaae 30.... 2.438,203 2,449,664 3,046,333 1,390,106 July 1 to Jame 30 Syr. Bin« A N. Y.— 111,018 145,871 46.406 46,406 40.406 Aiir. 1 to X«M ^0.... 394,436 184,514 229,633 188.481 188,481 July 1 to J«ae 30.... 844,463 836,830 1 180.169 tl72,868 344,463 tDsn. AB.OrAHde.Jfay jBly 1 to May 8L.... 8,681,699 3,604,181 t3.266,138 13.752.804 •25.784 96,083 87,856 Mf. 19,343 OtU. Bo. Bh. A Atl. Jane July 1 to fUMSO ... 1,070,091 1,0«2,660 >df. 383451 -df.33,850 Dunkirk All. V. & ritte.— •8,858 •14,937 2,413 2,603 Ap*. 1 to June 30.... *63,483 •36,620 13,142 13,638 Jan. 1 to IwfSO.... •35.364 •df.38,664 B58.277 a62,064 fwie Oeorgla BB -166,769 •182,687 a634,919 a«16.556 July 1 to Jane <$0 729 — Int., Rentals, etc. — Bal. of Net Eam'gs.- Current Previous Current Previous Year. Year. Year. Year. Roads. % South Buffalo Ry.— •4,348 750 406 •18,908 Apr. 1 to June 30.. •23,717 12,763 1,630 •07,736 July 1 to June 30.. •117,257 Par. 62,416.379 Sys.May I Southern *df.2507884 July 1 to May 31. ...§29109108 Btaten Island Railway7,649 7,549 •def.4,C68 •def.4,091 Apr. 1 to June 30.... •96 81,362 32,924 •df.21,949 July Ito June 30 Staten Isl. Bap Traas.•46.625 46.931 •14,827 62,071 Apr. 1 to June 30.... •142,730 •77,104 184.726 201,666 July Ito June 80 Central June 2,683 246 2.683 4.630 Texas 31,000 30,940 154,770 132.793 July 1 to June 30 42,404 •93,711 •73.266 49.962 toledo A Ohio C^n .June 474,660 •431,300 •317,881 493.984 July 1 to June 30.... 83,063 23,008 def.2,283 9.133 Tol. Peo. A West... July 46,260 •13,262 *df. 43,800 64,021 Tol. St.L. & West. .June WeBt.«. Y. APenn.— to June 30 837,833 324,189 df 396,241 df 233,493 Apr. 1..^->.^ ^i... July Ito June 30.... 1.218.309 1.093,072 •df916359df 1060384 3,833 2,732 def. 1.673 def.3.210 Wmsport A No. Br May 30.678 28,660 d6f.7,l96 11.769 July 1 to May 31 ... 144,819 •61938 146,291 •70.548 Wisconsin Central.. May •338,617 •629,988 July 1 to May 31.... 1.003,914 1.012,748 - After allowing for other income received. t These figures are after allowing for other Income andfordlseount and exchange. The sum of $10,000 Is deducted eyery montk Irom surplus and placed to credit of Renewal Fund. } Ineludes Rio Orande Western for ooth years. (These flgnrea Include $888,723 appropriated for betterments and additions to properties and equipment In May, 1904, and $12,891,288 durimg perlocf from July 1 to May 31. 1 1ncluded In the fixed eharges In this fiscal year are expenditures for renewals, additions and improvements amounting to $67,867 for May and to $011,560 for the period from July 1 to May 81. There were ao charges to this account the previous year. a Charges here include road- rental (paid by lessees) and other deductions. K These are net charges after allowing for other Income reoetved. Texas Central and Its subsidiary lines are laeladed 1 Houston both for the month and for the period from July 1. A . Qreenwloh A JohnsonT.— Apr. 1 to Jume 30 Jan. 1 to J«B«30... Qnll A Ship iBl. ... Jane July 1 to JnneSu... June aoeklng Valley — ChamplalD Apr. 1 360 671 •8,892 •11,881 •14.376 •368,899 •224,369 •6,793 •11,426 '41,348 19,913 •433,718 195,430 •345.666 163,862 1,093,985 n.404,793 "1,804,098 17,833 26,128 21,331 102,430 268,133 214,000 •847,322 •768,434 •6,913 •11,737 *8.358 •df.59,35S & Morlab to June 30.... July 1 to June 30 1,371 3,453 •6.490 •def. 9,967 767 2,839 *df.l8,009 *df.ll,181 Lake Sh. A Mloh. Bo.— •758,217 1,470,000 1,426,000 •1,000,366 Apr. 1 to June lO 5,972.925 6,006,661 *4,403,O39 •6,521,857 July 1 to June 30 •2,349,683 Jan. 1 to June 30.... 2,910,000 3,820,000 •2,360,960 Leblgta A Hudson•30.781 •13.903 42.896 34,146 Apr. 1 to June 30 •46,973 •52,809 136,031 147,674 July 1 to June 30.... •11,787 •13,497 8,593 12,897 Loulsi'naA Arhan.June •108.643 •113.972 124,614 70,027 July 1 to June 30... 7,378 7.882 6,060 6,409 Manistee * No K..May 34,064 44.980 32,046 80,261 Jan. 1 to May 31 ... 2,788 2,677 2,876 2.878 Maryland A Pnrin..June 19.638 13,997 11,500 11.600 Mar. 1 to June 3u ... •4,555 •1.877 9.382 June 9,982 Mineral Rangn. 110,546 >df.40,869 •def.8,887 116,827 July 1 to JaaeSU ... 63,836 df.308.681 818,841 346,933 Mo. Kan. A TexHH Jane 749,045 1,000,361 4,019,240 3,758,769 July 1 to Jaaa av 69,880 83,614 149,090 163,423 Blaabv. Uhat. HT. X.Jane 801,416 816,828 July 1 to Jane 30.... 1,809,164 1,809.361 4,126 8.338 2,192 2,163 Ifer.-Oal.-OregoD ..Jane 61,214 49,604 34,404 26,067 Jaly 1 to Jaa* 80.... — NevadH Central— 7,048 Jalf 1 to Jaa* 30.... Kewb. D'tckesp & Conn.— 6.064 5.353 Apr. 1 to Jame 80 ... 19,483 19,616 July 1 to June 30.... T.Ohio. A 8t. L.307,926 808,484 Apr. 1 to Jaae 30.... July 1 to June 30.... 1,313,216 1,318,588 683,358 632,668 Jan. 1 to June 30.... K.T.Ont.A We8t...Jane £86,082 s85,082 jjl00,817 Jaly I to Janaao.... g/18.87& 241,767 341,767 Norfolk A West>n....Jane July 1 to Jaaa ao.... 3,760,399 222,002 2,671,315 •210,406 •567,812 •315,806 164.764 886,828 681,603 6,826,862 •176.092 •624,611 *352.843 129,323 800,971 634,231 8,891,980 900 •1,210 •1,042 (£794,647 to Jaae 30.... HalciKh A<.;ape H'«»r— Jaly 1 to June 30... Beadiug- 900 9.199 aioQrandeJoiiot.May May 31.... BloOrandeeourh June Dee. 1 to July 1 to Jaae So ... at. Jos. A Or. Isld.. June July 1 to Jun«3u.... Ban Fran. ANo.Pao.June July 1 to JaJM 8u.... 13,488 680.710 1,138,974 895,731 9,852,932 6.854,262 4,263,574 7.766 6,571 7,708 8,383 84,478 31,283 46,260 47,500 •12,402 15,033 •def.3,e87 18,375 •73.857 214.612 •dt. 18,227 216,616 4,114 dnf.49,708 18,689 19,558 179,U18 4,600 227,098 283,704 383,704 9,866 16.669 21,691 21,847 38,028 1,442 271,016 269,918 888,000 All ooiHpanlfi8....May July 1 to May 31.... 9,768.000 - 0«mpaniea. Gas Co Buffalo 1 Tear. $ $ $ 287.996 1,142,432 120,286 469,708 113.848 409,397 7,341 50,948 8.648 26,036 2,880 13,982 28,689 160,140 337,878 25,004 153,788 306,543 7,897 47,243 119,689 2,778 61.144 103.669 16,521 232,500 24,342 96,196 16,798 327,703 22,595 90,236 6,064 90,871 12.677 44,722 60,761 415,023 8,209 73,977 11,808 43,781 42.781 371,438 327.189 12,440 Works June : 9 $03,430 Apr. 1 to July 31.... 1,806,212 Edison Elec. Ilium. Co. of Brockton, Mass.. June 8.098 Jan. 1 to June3u 56,891 Co T»ar, 9.433 233,424 to July 81.... Blver Oas . Current Year. July Cumberland Telephone A Telegraph Co July Fall Netm<rMm««i rrewimm r Year. Jan. 1 to June 30 July 1 to June 30 Lowell Electric Light Corporation June July 1 to JuneSo Mexican Tel'phone June Mar. 1 to June 3o Mllwauk.OasL. Co. Jaly Jan. 1 to July 3i Minneapolis Qen. Electric Co. June 44,045 40,131 20,750 July 1 to June3u 594,658 630,343 279,193 Pacific Coast Co. .aJune 691,980 678,699 170,927 July 1 to Jime 30... 5,902,973 6,606,754 1,185,029 Philadelphia Co.— See statement on page 266. Pooahontas Coll 1 e r 1 e s Company June 14,031 Jan. Ito June 30.... 139,132 a Net earnings here given are 18,897 231,883 184.66 1,211.977 after deducting taxes. Interest Charges and Sarplas. — Int., Rentals, etc. — OompanUt. Onmberlund Telephone -Bal. of Net Mam^f,-^ Current Previous Current Previous Year. rear. Year. Tear, $ $ $ A Teleg. <'o Jnly Edison Elec. Ilium. Co. of Brockton, Mass.. June 17,689 9 21,487 102.597 98,089 2,686 19,801 8,079 S.177 963 801 Jan. 1 to June 30 0,176 4,806 Gas Works Juno Ito June 30 July 1 to June 30 100 664 524 1,037 1,589 7,797 40,679 118.653 8.778 80,620 103,080 1.188 16,365 1,090 12.024 8,876 74.506 4,119 $1,963 July 1 to June 30.... 9.383 116,956 8,842 102,881 11,417 103.337 10,066 129.368 Pocahontas Collieries Company June Jaa. 1 to June 30 dl4,723 d87,195 Fall River Co. •821 •28.669 PeuchkMpsleA East.1 def.3,848 •1,228 •0,798 . Apr. —Current dross Earnings. — Previous , Oct 400 800 31,400 243,982 134,456 July Ito faMBSu.... 1,018,971 17.883 Indiana 111. & la... Jane 214,000 JalT Ito faaa30.... Rap. Trans. InterborouKh Co (K. ¥. Olty) 1,537,222 1,612.663 Apr. 1 to Jaaa 30 21,600 18,364 Kanawba A Mtob... June 248.041 198,484 July 1 to Jane bO L. Miseellaneons Companies. Jan. Lowell Electric Corporation Light June July 1 to June SO Minneapolis Oen. Electric Co June def. 691 41,987 d Charges include sinking fond and preferred .... dividend. STREET RAILWAYS AND TRACTION COMPANIES. Latest Gross EAUIIHOa. Albany A Hudson erot$ Mam%ni;$ WsskorMo Our'nl Tear. 9 21,73P I61.30r< 144,466 44,118 29.120 36,202 65,940 38.718 9 ... June Aoaerloan K'ys. Co U July Anr. Elgin A Ohio. Ry Jnue Blaghamton Ry July Boston A Worcester.. Jnly r«or. 26.618 an 1(0 I,auii Date Ourreni frtwtOHS Tear. Tear. » 124,234 80^.082 181,8^0 143,728 8 116,683 749,888 188,887 — 1 ... .. ...... .. , .. . THE CHRONICLE. 730 iMutt orot$ Jtamingt. QaOBB CA.RtnMOB. Week or Mo Tear. BnrllnKt'n (Vt.)Trao. Jaly., & Oas Eleotrlo.. Cent. Penn. Tract. . . Jane Jund ChloaKO&Mil. Eleo. July.. ClUO <&Oak Parli...c Jane Dajton <k Tol.Tr. Jnne Oln.Newp. &. CovlnK. Light A Traction... May. . Oln. . & 500,621 469,140 44,787 47,485 9,132 43,692 255,294 240,687 91,403 19.765 94.760 44.^60 43.735 12,581 93,506 2,614,019 2,557,671 381,692 13,209 379,091 594,218 471,233 85,288 42,545 218,88b 211.089 Detroit United Ry..n Istwk Aag 97,20(1 Dnlnth Street Ky .. 2d wk Ang 13,866 116,108 East St. Lonls & Sab. June 39,944 Elfi^n Aurora & Son.. Jane Ft. 41,802 287,036 123,250 394,841 233,321 7.86h 60,542 22.364 12.374 Wayne & Wabash Havana June 231.987 50,926 258,911 Elec. Ky. Co. WkAug.l4 184,210 129,871 11,030,477 1891,088 Valley Traction.. HonolQln Rapid Tr. Jane Land Co HoaKhtOB Co. St. Ry. June Houston Eleo. St. Ry. April. 16,93 ^ 32,049 75.438 21,862 Illlnole Traction Co.. April. Indlanap. & East. Ry. July. Indlanap. ik Martin•ville Rapid Tran.. July.. Intemat'l Tract. Co. 12,698 May.. Jacksonville Eleo.Co. June Kansas City Ry.<fe Lit. June Lake Shore Eleo. Ry June.. AprU. liAhlgh Traction System 24,325 59,596 10,489 June (Wis.) Traction. July.. Met. West Side Eiev.. J»ly.. &fU.£leo Ry.&Lt.Oo July.. lfm.Lt.Heat&Tr.Co. July.. Montreal 8tre«t By.. June Mttncle Hartford A July. Ft. Wayne Moak. Tr. & Light. Co. Street Ry. Depart.. Jane Eleotrlo Light Dep. Jane, Jane June July.. July.. July.. May.. April. Jane May.. AtflUated Corpor»s. June Plttebnrgh MoKeesport & Greensb'g.. June July.. July.. Light Co's Rochester Railway .. Rookford Belolt <si JanesvlUe St. Joseph (Mo.) Ry. Lt.HeatA Pow.Oo. St. L0UI8 Transit San Bernardino Val. July. Co 271,003 40,648 259,903 38,165 8,617 2,504 2,961 6,343 8,467 2,543 3.094 5,861 36,634 16,764 21,463 22,689 37,968 18,882 22,556 21,382 65,107 55,026 9,627 9,061 95,881 95,766 52,281 42,548 94,264 92,059 113.897 105,370 7,876 6.270 9,098 11,620 7,911 9,308 298,688 81,362 492,966 311,216 745,411 371,612 71,173 484,748 249,487 718,513 38.866 48,803 39,014 23,518 44,420 1,187,318 1,310,889 PottsT. Union Tract. Bys CcGen.— Roads. Tract. 56,823 9,911 99,300 & Lt. Co. June 116,574 14,346 Oas Departmeut... Jane V'*w London 8t. Ky.. May.. Railway City Gas Co.. Nor. Ohio Tr. & Lt. Co Northern Texas Trao. Northwestern Elev.. Oakland Trans. Cons Olean St. Railway... Orange Co. Traction. Peeks. L't'g&RB. Co. Philadelphia Co. and 139.325 1,958,954 19,004 . 18,351 22,800 42,1.^7 35.878 1.895 1,994 129.475 105,861 15,875 23,432 . Jnne 11,878 Jane. June 7,928.694 7,728,567 68,644 111,802 183,619 13,860 708,158 65,967 106,773 175.294 13,351 602,866 5,348 Sao Paolo (Brazil) Tram. L't & Po. Co. July 106,000 100,587 Savannah Elect. Co. Jane 49,5 1 46,104 Soranton Railway... July 86,052 80,087 Tune 191.4-5 175,513 Seattle Electric Co. .. Soath Side EleTated. July 108,343 118,164 1,571 1,472 Sprlngfl'd A Xenla Vt Wk.Aug. 7 Syraoase Rap.Tr Ry Jane 78,084 65,644 Tampa Eleotrlo Co. June 28,141 25,553 Terre Haate Eleo.Co. June 47,654 88,485 Tol. Bowl.Qr.& So. Tr. June 23,545 S5,638 Toledo Rys. & Light. July 158.377 158,224 Toledo A Western.. Jnoe 19,60 15,994 Toronto Railway WkAug.l4 45.922 41.288 x'wln (3lty Rap. Tri.n. Istwk Aug 84,722 82.604 Onion (N. Bedford).. May 30.720 3-^,109 United of San Pran.. June 5241013 488,113 Wash. Alex. <& ML V, July 19,660 20,152 Vonngstown-Sharon Jnne 37,342 . . . I I 258,645 488.648 1,122,610 907,0S7 32.323 414.002 172,698 259,855 124,32.=! 984.236 97.933 239,406 460,919 989,457 904,878 82,713 382,075 145,891 207,813 183,710 925,402 1,423,633 1,253,115 2,527,205 2,363,9*9 133,903 133,592 8,211.948 2,966,670 131,649 139,133 224.268 246,182 Spanish silver. These are results tor properties ovned. Street Railway Net Earaimgg.—The following table gives the returns of Street railway gross and net earnings received this week. The last general summary which we furnish once a month, and in which we bring together all the roads from which monthly returns can be procured, was given July 80, the next will be given Aug. 37. Soada. Blnghamton Ry.b..Jaly Jan. 1 to .July 31 Oct. 1 to July 31.... CleTeland Southwest'n— Traction Co July Jan. 1 to July 31 Ov.rrtiU Year, Previous $ $ Light Co.. b , Year. ^ July Mnncle Hartford Waynea Year. Tear. $ $ $ $ , 114,377 192,088 21,682 116.840 32,892 178,752 9,689 68,678 94,904 161,826 16,731 76,579 82,726 166,353 10,180 62,248 281,299 268,975 1,699,162 147,322 877,257 138.874 834,947 49.383 229,040 33,078 121,708 29,129 108,678 11,381 8,968 20,125 2,196 5,962 def.16,010 11,118 8.202 64,460 34,837 13,230 14,284 69,681 62,87» 4,501 5,452 25.732 21,069 A Fort July 19,004 99,300 14,846 95,881 493,966 10,916 11,620 113,630 76,698 86,058 488,648 158,377 984,236 96,766 484,748 10,076 9,098 103,825 71.842 80,087 460,919 153,224 925,402 Jan. 1 to July 31.... North. OhloTrao.&Llght Oo.a July Jan. 1 to JtOy 31 ... Orange Co. Tract. ..May Month of June July 1 to June 30..., of July Jan. 1 to July 31.... Toledo Rys. AL'ht.a July Jan, 1 to July 3l.... 49,497 48,508 217,332 4,711 3,043 27,111 87,659 46,329 205,950 80,557 449,452 47,796 214,984 3,887 2,866 36.346 31.672 39,314 193,061 77,724 448,696 a Net earnings here glyen are after dedaotlng taxes. b Netearnlngahereglven are before deducting taxes. n These earnings Inolade the Detroit United Ry., Detroit A Fort Haron Shore Line and the Sandwich Windsor A Amherstborg By. Interest Chargreg and 8«rplii8. — J Detroit United By. Int., Rentals, etc. — ^Bal. of Net Eam'gt,^^ . Current Previous Current Previous Year. Year. Year. Year, $ $ $ $ n (all properties) July Jan. 1 to July 31.... 89,816 623,261 84,621 675,886 *119,602 *325,863 •119,599 *445,685 Hudson Valley Ry— Apr. 1 to June 30.... Jan. 1 to June 80.... Ind'p'UsA East. Ry. July Jan. 1 to July 31..., Lexington Ry July Jan, 1 to July 31.... Milwaukee Eleo. Ry. A UghtCo Jaly Milwaukee Lt. Heat A Trao. Co July .Tan, Ito July 81 ... Mnncle Hartford A Fort Wayne Jaly Ito July 31.... Northern Ohio Traction July & Light Co Jan. Ito July 31.... ScrantonRy. Co.... June Month of July Jan, Jan. 1 to July 31.... Toledo Bys. ALt.... July Jan, 1 to July 31..., * 61,328 120,779 4,167 29,167 6.611 38,931 44,587 *df.38,102 •df.27,249 88,116 *df. 110943 'dt 88,797 2,917 6.951 5,285 16,042 25.293 18.296 7.619 5.412 8.872 87,165 25,214 20,650 77,706 521,211 75,383 499,830 •71,378 •365,164 *66,015 *343,130 18.874 113,175 15.437 93,617 *14,199 'S.SOl •13,705 *15,084 4,000 80,000 22,826 158,526 18,261 18,486 128,608 41,186 291,535 7,381 19,497 22,807 154,831 19,786 19.786 138,501 41,790 288,860 25,682 58,807 19,398 26,843 77,342 89,371 167,917 24,989 60,153 11,886 19,538 54,650 36,934 164,836 After allowing for other Income received. n These earnings Include the Detroit United By., Detroit A Port Huron Shore Line and the Sandwich Windsor A Amherstburg By. ANNUAL REPORTS. — Annual Reports. The following is an index to all annual reports of steam railroads, street railways and miscellaneous companies which have been published since the last editions of the Railway and Industrial and Street Railway Sections. This index does not inclade reports in to-day's Chroniolb. RAILROADS, ETC.— Railroads. Etc.— Pave. Page. Baflalo Boch. & 625 PittsburRli... .678. 684 Calumet & Hecla Miuine Canadian Pacific 4fl« •59 620 Central Oil 679 CnlcadO & North West Century Realty (bal. »h. July 1)... 625 Metropolitan Coal Co., Boston 499 (balance sheet April 30) 6iJ4 Norlolk & Western 198 f'acldcMall SS. Co Pfl.ster & VoRel Leather (balance 625 sheet Apr.S ) 679 Pocahontas Collieries 683 Soutberu Kullway Missouri Kansas -Xel Earnings.Cnrreii' Previotu Year, Year, $ Net Earnings. Vurrent Z rev tout Year. Jan. 1 to July 81.... 1,812,617 Milwaukee Light, Heat A Traction Co. b-... July 53,998 Jan. 1 to July 81.... 249,610 American Glue c Reenlts for main line. n These earnings Inolade the Detroit United By., Detroit A Port Uaron Shore Line and the Sandwich Windsor A Amherstbarg By. — Oi-oss Karaiiigx. — b... July Jan. 1 to July 31..., Madison Traction.. July Jan. 1 to July 31.... Milwaukee Elec. Ry. di Jan. 1 to July 31... 13,200 10,174 Lexington Ry. Roads. 61,129 51,.»i91 984,644 639,705 5,232,080 4,107,169 July.. Apr. 1 to June 30.... Jan. 1 to June 30.... Ind'p'lls& East. Ry. July Jan. 1 to July 81.... Month 20,359 . Tear. Hudson Valley Ry.b ScrantonRy. Co....June 46,751 46,171 298,708 321,348 81,798 76,681 11,941 11,727 178,762 16,'!i,858 32,892 32.725 75,569 78,491 19,23? 16,224 52,248 58,578 9,680 10,180 158.320 158.188 1,221.648 1,196,000 281,299 268,975 1,812,61 1,699,162 240,510 829,040 53,99!" 49,383 232,610 109,377 1,176,487 1,040,295 . July.. Mad. Norfolk Ry. 134,576 90,279 125,075 242,033 76,579 11,613 .348.029 . Jane June 163,053 89.912 116,060 309,386 116,840 38.S,691 327,126 1,544,739 1,481,931 (Botfalo)... Lehigh Val. Trao. Co. Street Ry. Dep Electric Light Dep. Lezlngton By...... .. L^ndonSt. Ry.(Can.) 21.504 16,417 32,539 58,527 16.731 27,71.'3 <fe . Roads. 8,764 8.483 321,264 222,288 1,852,536 48,823 45,476 246,372 S2,228 29,629 215.478 61,830 63,243 389,290 43,670 46,496 218,706 Llcrbt Oltlzene' Ry. (MofioatlBe, lows).. Jane ...... C31eve.<fe 80. W.lT.Co.. Jaly Oleve. Pains V. & E... Jane Dart. & Wport St.Ry. May Gross Earnings. — —Current Previous . S 44,233 107,061 100,891 (Vol. Lxxix [Jan. 1 to Lautt Date Prtt'ui Ourreni Tear. Tear. C/Mr'ni 9 Oal. J {Statement for TeruilnHl RR. Ass'n (stateiDeat to N Y. Stock ExchauKe) 490 United Uas Imp't Co. (capitaliza498 tion, etc., of ciperaiiBn cos Unilea States Steel Corp. (quarter and half-year) 497 Westintfhouse Elec. & Mfg. (official statement Aug. 2) 624 Strckt Railwats.— Brooklyn Kapid Transit 624 ChicHKO Union Tractlo* (receiver's reoort) 810. 624 Philadelphia Co. of Pittsburgh 867 (balance sheet Mar. 31) & Texas Hallway. the year ending June SO, 1904, 29,120 142,723 197,408 26,202 136.287 187,661 16,626 63,532 88,019 14,913 61,864 83.744 results for the late fiscal year compare as follows: 1903-04. 1902-03. 1901-02. 1900-01. $17,766,595 $17,208,193 $16,391,400 $15,403,088' Gross earnings Oper. exp. A taxes. 12,997.709 12.449.033 11,871,565 11,134,148 50,642 256,294 43.692 240,637 23,879 84,156 21,163 97,119 Net earnings.... $4,768,886 $4,759,110 $4,519,835 $4,268,936 a,758,769 3,507,167 4,019,239 3,644,709 Fixed charges Detroit United Ry.n (all 462,998 properties). a July Jan. 1 to Jal7 31.... 2,516.810 452,677 2,464,166 206,047 924,843 201.466 996,466 9 The Balance, ear.. 79, p. 269. -V. $749,647 $1,000,361 $876,126 $761,779 . . Aug. THE CHRONICLE. 20, 1904.] results for the year ending June 30 compare as below: 1S02-3. 1,291 1903-4. 1.303 No. miles operated 19001. 1901-2. 1,2|3 1,276 Operexpensle 7,649,485 7.278,575 7.267,260 7,387,174 5,421.597 5,256,168 5.173. 067 4,632,892 NetearnliiKS Other iDOome.. 2,227,888 2,022,411 2.094,193 2,754,282 182.602 90,469 89,019 82,196 Total income 2,318,857 2,206,013 2,188,212 2,836,477 OroBP earnlnee 800.000 504,600 14,000 130,460 174,615 25,000 131,413 on let M. bonds on con. M. bonds on Dal. br. M on 2d incomes Taies. Int. Int. Int. Int. Eaolpmenipavments Rentals and mlscel LoniSTille The 800,000 400,000 195,619 385,413 59,143 380,000 166,771 268,825 66,907 & NashTlUe Railroad. HAKimCGS AND XFINBBB, 1901-02. 1902-03. 190304. $ $ $ years, 190001. $ St. Lonls Ry. past: 1903-04. 1902-03. 1901-02. 1900-01. $10,206,022 $9,606,370 $7,992,530 $7,620,128 Gross earnings expenses 7,681.030 6,995.604 5,622,114 6,111,126 Operating $2,610,766 $2,370,416 $2,509,002 $972,827 $992,279 $1,022,350 210,646 209,134 204,678 626.878 625,878 625,878 Net earnings.... $2,624,992 $958,271 Interest 225,014 625,878 Taxes Rentals $801,415 $810,829 Balance, sarpias —V. $661,640 $547,581 78, p. 229. & Arkansas Railway. {Statement for the year ending June 30, 1904, J The were as follows: 190304. 190208. 148 127 $704,671 $532,534 results for the fiscal year Average miles operated * 1901-02. 371,707 97 $478,631 296.575 (68-51) (69-80) (60-98) (61-77) $214,400 24,186 $160,828 17,842 $182,956 Total net income $238,586 Fixed charges and other dedaotions 124,614 $178,670 70,027 $182,966 33,001 $108,643 $149,955 Gross earnings 490,271 Operating expenses and taxes (68-23) Per eent of expenses to earnings Per cent of exp. and taxes to earns. (69-57) Net earnings Other income compared with previous results for 1903-04, & {Statement for the year ending June 30, 1904.J The following is a comparative statement for four years Louisiana year ending June 30, 1904,J the were as follows: 5 1,228 800,000 14,848 1,779,989 1,640,638 1,855,023 1,661,503 564,375 328,190 1,174,974 638.368 Total payments Bal. over aii payments —V. 77, p. 2160. {For 800,000 493,700 3.600 130,460 161,760 731 NasbTille Chattanooga Louis Soathwestern Railway. fStatement for the year ending June 30, 1904 J St. The . Balance, surplus $113,972 company.— V. 35,449,378 80,712,267 28.023,207 *BeiBlt8 in 1901-02 were those of railroad, (old) 1907. 23,970,813 20,902,438 18,233.034 Net earnings 11,802,246 11,478,665 Per oent of expen. to 9,809.819 9,789,173 Manhattan Railway. {Report for the year ending June 30, 1904. J The results under the lease to the Interborough R. T. Co. have been as follows: 36,943,793 •rose earnings Operating expenses, exclading taxes.. ..25,141,648 (6805) (67-62) (68-06) 1,635,154 1.122.493 1,001,022 704.688 13,437,399 12,601,058 10,810,841 10,493,801 921,700 5,347.297 265,931 146,600 67,700 844,474 4,918,145 266,931 144,400 89,905 127,155 8,000,000 832,074 4,708,345 278,673 141,100 71,878 58,464 2,875,000 813,638 4,871,693 380,143 128.900 66.110 53,464 2,695,000 9,390,010 3,211.048 8,960,634 1,850,307 8,907,748 1,586,113 earnings Income from Total income Disbursements— Taxep Interest Rents Sinking f and (net)... ToS. &N. (6507) invest., Ac rents, A Mlsoelianeons Dividends (6 p. c.) . .. 8,000,000 """ Total dlsburs'ts.. 9,749,228 Balance, snrplns 3,688,171 —V. 79, p. 681, 209. New York Ontario & Western Railway. {Statement for the year ending June 30, 1904.J The results for the fiscal year 1903-04. S were as follows: 1902-03. 190102. S ft 190001. s Gross earnings 6,652,483 Oper. expenses and taxes.6,072,936 6,176,518 4.657,087 6,456,696 4,167,754 5,322.883 3,777,137 Net earnings Other income 1,679,547 471,647 1,619,431 401,937 1.298.942 511,975 1,545,746 417,244 2,051.194 1,164,366 2,021,368 1,160,397 1,810,917 1,161,958 1,962.990 1,083,759 886,828 860,971 658,959 879,231 j Net income Interest, rentals, etc Balance, sarplas -V. 79, p. 103. Bnffalo & Snsqaehanna of the Buffalo Company for »he fiscal years ended June 30 (subject to slight changes in 190S-04 upon final auditing) are as follows: 1903-04. 190203. 1901-02. 172 Average miles operated 172 172 Gross earnings $963,170 $1,000,762 $835,748 Operating expenses and taxes 478.479 630,328 568,293 Per oent of expenses to earnings (54-67) (62*42) (56 17) (57-25) PercentofexQ. and taxes to earns... (6544) (56-79) $832,842 173,894 $432,459 $357,269 100,33537,672 $606,736 $332,794 $894,941 Fixed charges and other dedaatlons.. $167,958 Dividend on preferred stock 120,000 Dividend on common stock 176,900 $147,904 $149,726 70,983 178.900 175,900 Balance, sarplns -V. 78, p. 2383, 2389. $188,007 Total net Income Deduct— ealf $62,878 & Ship Gross earnings.... 14, 187.683 Operating expen.. 5,846,052 12,208,337 5,460,794 10.665,911 6,618,585 9,416,888 5,258,230 Net earnings.. 8,341,681 Otherlncome 341,505 6,747.543 346.869 8,147.3'26 625,800 4,163,658 836,384 8,683,188 2,880,909 7,094,402 2,820,859 5,778,126 2,699,671 5.000,042 2,677,706 Total Fixed charges Balance Dividends 5,802,227 4,273,544 8,078,455 2,322,335 (7)3,876.603 (6%)3,546,000 (4)1.920,000 (4)1,920.000 Surplus 78, p. 1781. $69,316 Interhorongh Rapid Transit Company. {Balance Sheet of June 30. J The company's only earnings are at present those of the Manhattan By. Co. given above: BALANCB SHEET 1904. Ataets— I Cost of lease and equip, of 8UbwaT.l5, 380.107 5,378.357 Stocks and bonds 15, 565,118 18,527,86fl of other cob Oth. perm, invest's 1,.150,316 1.738.341 Supplies on band.. 896,847 650,>»1 Due on traffic Due on open accts. Caih on hand .... Loaned on collat. fd.. -v. were as follows: 1903 04. 261 Average miles operated Gross earnings $1,829,816 Operating expenses and taxes 1,229,286 Per cent of expenses to earnings. (65-56) P. ot. of exp. and taxes to earns.. (6702) Net earnings. $600,681 11.800 Other Income Sarplns -V. 79, p. 161. 143,000 .018.812 f4,721 68.816 io,8ee,a48 1,015.000 4,018,811 6.748 and premium 64^,602 on capital stock. Taxes In litigation 918,605 Profit &I0B8 (snr.) 1.773,060 Int. 9,!i37 .40,8S 3,852 37,180.852 I Total 190203. 251 $1,705,047 1,079,618 1901-02. .40.983,862 87.180,853 Matlonal Enameling & Stampin^r Co. {Report for year ending June SO, 1904.J The results for the year ended June 30, 1901, compare with those for the years 1902-03 and 1901-02 as below: 1903-04. 1901-02. 1902-08. charging cost of materials, wages, salaries, selling exp., taxes, operating expenses, bad debts, Ac. $1,528,366 $2,244,472 $2,566,818 Deduct Remuneration of oflioers, &o $134,161 $95,000 S135,493 Repairs and renewals, &o 4'>0,694 362,244 379,290 Interest 121,109 142,633 117,229 Prop'y accounts and miscellan's. . 139,310 54.434 94,435 Gross profits, after — Total Net $846,511 $644,311 $726,115 $884,055 $1,519,357 $1,720,307 $587,762 $537,76-3 $598,262 463.254 617,672 623,672 profits Unappropriated profits 251 $1,374,684 940,514 (63-32) (67-06) (68-49) $625,429 $434,170 (61-<J8) 3,719 , $612,381 243,982 $368,899 $1,205,434 1904. $629,148 195,430 $433,718 $Z58,H59 1903. Atttti— Plant. Kood Will etc 23,7»».256 23,324,165 Materials and supplies. 3,990.688 4.247,460 bills Paym'tslnadT'ce. Miscellanooas Cash Total -V.77. p. 403. 83»,754 71.f83 $313,923 1,279,707 $1,693,630 $1,005,751 BALANCE SHEET JDHB Accounts and $434,170 175.311 371.073 163.CO0 e47,32« 78, p. 2384. receivable Fixed charges u.ins 782,^71 2,,43J!,770 .TUNB 30. 1904. 1903. Liabmtiest S 35.COO.000 35,000,00« Capltal stock Int. on bds. Manh. 288.4B7 295,209 Ry. due & accr'd. fl3.003 Sundries 7,638 382.323 Man.Rf.leaseacct. 430,»20 699,740 Dividends unpaid. 132.162 Due for wmkcs. 04.703 SuDPlies.taxes. etc. 473,723 2S7,6t4 Due COS.& indlvid's 9,48a 10.085 1003. $1,221,984 Surplus def.$337.879 Brought forward from prior year 1,343.630 30, 1904, J 402,386 1,153,455 Island Railroad. results for the fiscal year Total net income 727,544 1,^25,724 -V. Divs. pref. stock (7% per annum) Dlvs. com. stock (4% per annum) {Statement for the year ending June The 1900-01. Total & Susquehanna Rail- road Net earnings Other Income 1901-02. Prepaid Insurance. Sundries {Statement for the year ending June 30, 1904. J The income accounts v 1902-03. 1903-04. Manhattan gu. Railroad. 78, (<»B,2.19 60.1' 5 lH.6fl7 11,486 678,666 3 9,80S .2«..S80,V3 t8.818.8e0 $1,051,016 $669,291 1,110,417 $1,779,708 30. 1903. 1904. S tinhUUUnProf. stock Ismiod. 8.546,600 8,!l»^.O0O C!nm. stock Ipsuod. 16.691. "00 16,441.800 Monnngo debt .. •Z 000.000 2,949.000 828..S80 Hills * acftH. pay. 1.147.8H5 760,000 600.000 Kesiirvn account. !«,8.19 37,«8» Aocni«iI Interest. aOi.*84 301.360 DIT. pur. July 1... l,Ou6.761 1,598.630 Ritlanoo ToUI... .89.880,363 8B34B,i60 — THE CHRONICLE. 732 Chesapeake & Delaware Canal Co. Report for the year ending May SI, 190^. J f The 86th annual report. siRned by President Joseph E. Gillingham and Secretary Uoleman L. Nicholson, says: oapaolty will allow, the oanal has been maintained In a oondltloB to meet the requirement* of the trade. Th««e reqalrements make a oontlnnally Inoreatlng demand, not so mnoh beoanso of an Inoreaae of total tonuaKe as from the greater oapaolty of the vessels rendering neoeesary a greater width of channel and the ute of the extreme depth the locjks will permit. Daring the winter the looks at Chesapeake City and 8t. Georges and the machinery at the water works were thoroughly repaired. Blxty-flve hundred lineal feet of the hanks have been refaoed with stone and sheet piling and 937 liaeal feet of whartlng rebuilt. The extraordinary severity of the winter olosed with loetheap preaches to the oanal, and for 67 days prevented the passage of any trade; the longest closing In a reoord of 36 years; the average for 48 years has keen bat 14 days. Notwithstanding this long cessation of traflio and the increased expenses, the net earnings for the year, althoagh not fully meeting the interest, show an lncrea»e of $9,600 orer those of the prevloas year, and the tonnage an Increase of 51,109 gross tons. •142,861 Revenae from tolls for the year ending May 31, 1904 389 Interest on deposits and telegraph line 1,795 Use of eompany's dredger, etc 1,344 Rents of property on line of canal 3,233 Inoome from contingent and special land So far as Ita AM— $149,6»7 51,035 104,118 Total revenue Maintenance of canal and other expenses Inter«st on mortgage loan ($2,002,950) at 4 percent Deflotec^ $5,816 BALANOB BBBKT MAT 31. LiabUiiitM— 9 A9$eti— Cost of oanal 3,989.365 Beal estate line of oanal 29,772 Investments for contingent fund 56,281 Profit and loss 465,173 Aooonnta receivable Cash $ OapUal stock and Mortgage loan scrip.. I,90;i.a38 2,602,950 x56,281 362 Contingent fund Interest uncalled for 4,S8 5 17,965 Total 4.562.831 Total 4,562,831 loslndei: I>oan Chesapeake & Delaware Canal Co.. $13,597: sreneral mortfage rhiladelphia & RcadlnR RR. Co.. $6,000; stock Philadelphia & Keadine LK. Co.. $4.8 0; loan Iiehigh Coal & Navigation Co., 4^ per cent, llO.dOC; stock Lehigh Coal & Navlnation Co., 110,000; real estate in Philadelphia, tll,8b8. Total, $66,a61.-T. 77, p. 39. X Canadian General Electric Co., Limited, Toronto. fReport for the year ending Dec. 31, 190S.J The report, issued some time ago, is sierned by Pre3ident W. R. Brock, who says: As will be seen, the profits for the year were $512,211, out of which two half-yearly dividends, amounting together with Interest paid to $309,031. were paid. Of the balance, the sum of $103,132 has been wrltt«n-o» for depreciation, $100,000 transferred to reserve and $j7 added to credit of profit and loss account, which now stands at $80,770. To the $100,000 carried to the reserve fund from manufacturing profits, the sum of $277,770, being premium on new share capital, has been added, making a total addition to the reserve fund during the year of $377,770. The reserve fund Is now 81.161,770 plus $100,OOO at credit of contingent account and $80,770 balance at credit of profit and loss, making the total surplus $1,345,540. Daring the year the purchase of the Korthey Company was completed, and In payment therefor the company has guaranteed payment of 5-year first mortgage bonds of the Northey Company to the extent of $160,000. EAKNDfGS AND BXPBN8B8. on operations Premiiun on new stock Profit Total 1903. 1902. $512,211 $486,863 1901. $34fN,990 195,000 $512,211 : $436,863 $640,990 Dtdumt— Interest Dividends (10% on com.. Contingent fund Reserve fund 6% on pref.).. $39,753 269,278 $213,739 $167,599 100,000 100.000 100,000 100,000 Total $409,031 $313,739 Transferred to profit and loss $103,180 $123,124 AB8BTS AUD LIABILITIES DEC. 31. 1903. 1902. 346,600 310,000 PeterW'o and treal r. Mon- plaat, VOQBtry Pat's aad & drav., Co.. 2,485,674 1,397,952 I'eter- bor* au« .Mcntreal. 80,000 60.000 ck tools, Pelerboro aa« Montreal. 373.597 272,026 Mach Oath Aacts. r«t«lrable ... 6,106 777.787 23,B17 Notes reoa Table. Brantf* -I. Kj. kds. 120,000 Cam. riandrriiack. 200,220 Merchan. UiTentor7.l,826,«20 Bcpen on «oat'«. not 6fl.006 7.962 lasar. «n«xpiie« Votat — V.74. p. MO©. stock Preferred aiook, 6 17,012 771,H8» 48,281 IZn.OOO 2WU,220 916,318 68,101 7,000 ..6,801,970 4,138,694 office building :ioo,ooo 300.000 946,666 263,733 20,000 Reserve fund Contingent account. and count Total loss $ p. Canadian Bank of Commerce, current 767,183 Canadian Bank of Commerce, special. U3,80O Northey Co. mortgage bonds 160,000 Mortgage payable, Profit 1902. 2,668.900 2, 125,000 payable... Canada No» aeT Mfp. I Com men c- cum. (call 106)... Accoants and bills •At.ftk'ldei, porcelaia and carbon works, Ifas»a« Pow. 1908. lAdbmties- Atsett— Pateats 8t «oatraets Faotorr plantt, Incl $367,599 $173,391 365,263 99,976 lOu.OOO 20,000 787,000 100,000 80,770 80,727 1,1«4,77<I ac- 6,301,879 4.188,694 GENERAL INVESTMENT NEWS SAILR0AO8. INCLUDING STREET B0AD8. Atlantic Coast Line KVi.— Acquisition—^&q Jacksonville belovr.— V. 79, p. 500. Baltimore & Southern RR.— Foreclosure SaZe.— The road was sold under foreclosure on Aug. 15 for $50,000 to Morris A. 8oper, reprepenticg Edward Lauterbach of New York, who held the $55,000 outstanding bonds. Oa June 1, 1904, the stockholders voted to issue $60,000 of 5 per cent bonds, of which $55,000 were to be used to pay off the old bonds mentioned, but none of these, it seems, have been issued.— V. 78, & Southwestern RR. p. 2411. & Northern Boston ohu«ett,9 [TOL. LIXIX. Electric Chronicle.— V. Street By.— Jfortga^e.— See Massa- Companies on page 681 of week's last 78, p. 188. Bristol (Coin.) k Plalnville Tramway.— Stock. —The stockholders vo'ed on Aug. 15 to increase the stock from $160,000 to $250,000. The company has been making many improvements, baa completed a new car barn, opened a line to Terryville and made a survey for an extension to Thomaston in the Naugatuok Valley.— V. 77, p. 694. Baffalo & Sniqaehanna RR.— .Bonds CaZZed.— Eighteen of the 1st mortgage 5 p. c. bonds of $1,000 each and one of $500 have been called, and will be paid at par and accrued interest on Oct. 1, 1904, at the office of Harvey Flak Sons, New York & City. i2eport.— See page 781.—V. 78, p. 2883. Callfurnla Was k Electric Corporation.— 5foc* 0§tred,— A circular has been issued offering the stockholders tne right to subscribe pro rata for $861,500 treasury stock at $50 per $100 share— about the present market price. Tbis will increase the amount outstanding in the hands of tke public to $10,000,000. -V. 78, p. 1906, 1391. Chlea|ro City Ry.— Proposed Ordinance. — The committee on local transportation has published the proposed ordinance under which the company would receive a grant for 20 years and surrender all rights derived from the 99-year Act or any other grant by the Legislature or City Council, with the right on the part of the city or another corporation designated as its licensee at the end of 13 years, or any subsequent year of the grant, to purchase the tangible property at its fair cash value, exclusive of earniog power or franchise value, to be fixed by three appraisers. At the termination of the grant, if the city does not exercise the option to purchase, it shall require the corporation receiving a grant to operate in the streets occupied by the company to purchase on the same terms above specified. A number of the provisions of the ordinance were indicated in the report of the committee referred to last week. Other important provisions are: The property la not to be sold or leased or consolidated directly o Indirectly with any other company aave by consent of the city, nor mirtga^ed to secure bonds rnnnlng more than 20 years or without a of the City Council privilege of redemption at the end of 18 years. Operatic* by cable la to be entirely abaadoned and electricity substituted as the motive power. Underground trolley from Eighteenth St. north to the river, universal tranafers over the company's lines in one general direction, and from the latter to those of other companies adjoining, affording a ooDtlnnous trip in the same general direction from any of the three natural divisions to any other. Fare, 5 cents per passenger over 12 years, 3 cents between 7 and 12; children, free. Many provlsioni for re arrangement and improvement of tracks, loops, terminals, oars, etc. Requirement that the company shall fill, grade, pave, keep in repair, sweep, sprinkle and keep clean the portion Complete supervisory control by the city of of the street occupied the operation of the system. In case of default In any of the obligations asstuned nnder the ordinance for 6 months (except when oansed by nnavoldable accidents, strikes or Injanctlons), the City Council may declare the grant forfeited but 6Uoh default shall not prevent mortgagees from recovering by foreclosure. If the city constructs subways north of Twelfth St. the company shall use the same, paying a reasonable charge to be determined by arbitration. The system is to be extended as required by the Council at the rate of not more than 8 miles of doable or 6 miles of slagle track per annum. Mayor Harrison on Aug. 13 issued a proclamation to the citizens of Chicago, saying in substance: I believe that the proposed ordinance is the best practical Bolatlon of the traction question. It solves the question of Immediate improvement of the service and at the same time, by securing a waiver of tha S9-year claim, avoids expensive and protracted litigation and opens the way for municipal ownership. However, I desire to aff jrd an ample opportunl'y for an exprenslon of public opinion on the proposed ordinance. Therefore, if a referendum Is desired upon the proposieion. It is suggested that those who ob]eot to the passage of the said ordinance Immediately undertake the work of securing the signatures necessary to have the question placed on the ballot at the November election. If by the date of the next Council meeting (Oct. 3) It appears that a snfflclent number have signed such petition, I shall recommend to the l^ty Council that the consideration of said ordinance l>e deferred a reasonable time for securing the remainder of the signatures necessary, and If the remainder of the necessary signatures are obtained by Oct 20, 190i, and If the question cannot be submitted at the November election, I shall then recommend the deferring of the ordinance until It shall have been voted on at the spring municipal election, 1905. Unless a petition with the necessary signatures Is died by OJt. 20 next. It will be assumed that the ordinance meets with public approval and will be called up for passage in the City Council. Under the "public opinion" (referendum) law, the petition, to be operative, must be signed by at least 25 pe» cent of the voters casting their ballots at the last preceding city election at which a mayor was chosen, and filed at least 60 days before the election at which the proposition is submUted. This would require nearly 100,000 signatures to the petition.— V. 79, p. 680. Chicago Union Traction C».—SSOO,000 Equipment Obligations. The r'-ceivers of the North Chicago and W^-st Chicago street railroad companies have issued $800,000 of 6 p. c. gold equipment obligations; denomination, $1,00^1; dated July 1, 1904; interest payable semi-annually on May 1 and Nov. 1 at the Standard Trust Co., New York City. Of these, $520,000 are Issued on account of the West Chicago Company and mature $104,000 each Nov. 1 from 1904 to 1908, both The remaining $2SO,000, issued for the North inclusive. Chicago Street RR mature $58,000 yearly on Nov. 1, 1904 to The obligations cover 80 p. c. of the cost of 1908, inclusive. 200 cars, 70 for the North Chicago and 180 for the West Chicago road, and are governed by an agreement to wuich the receivers of the two roads, the receivers of the Chicago Cox as Union Traction Co., Louis L. Stanton and William owners, and the Standard Trust Co. of New York, as agent for the owners, are parties.— V. 79, p. 624, 211. — , C — Ava. , THE CHRONICLE. 20, 1904.] 733 Trexler, William F. Harrity and Tom L. Johnson, haa premortgage bonds of 1882 drawn for re- pared a plan of reorganization under which deposits of sedemption are payable on Sept. 1 at 105 and interest at office curities will be received on or before Oct. 1, 1904, either at the Glrard Trust Co. of Philadelphia, Pa., on the Lehigh Valof J. P. Morgan & Co.-V. 78, p. 2439. ley Trust & Safe Deposit Co. of Allentown, Pa. Rj.— to Dayton Purchase & Offer Hamilton Cincinnati A new corporation is to be organized under the laws of committee 110.— conaiating at of A 5 p. c. Preferred Shares Pennsylvania and to issue bonds and stocks as follows: Lawrence Maxwell Jr., Edward L. Heinsheimer and Joseph A. First mortKage 30-year gold bonds, dating from the S. Graydon, all of ClDclnnati, acting on behalf of the holdorganization ot tbe new oompany and aoqalBltlon of shares of the per cent Gliieago & Western Indiana RR.— Called Bonds.— Sixty- six (160,000) general 5 preferred more than 20 000 stock (total issne, 69,266 shares, or |6,925,500, of which $1,000,000 previously acquired by syndicate. V. 79, p. 626), announce that they have effected an arrangement for the adjustment of the differences that have arisen between the company and the preferred stockholders over the recent issne of securities of the company for the purpose of acquiring the controlling interest in the stock of the Pere MarUnder the terms of this agreement, which Ck). quette has been negotiated for the equal benefit and protection of every holder, all of the 5 per cent preferred stock of the C. H. & D. will be taken up at $110 per share. Stockholders desiring to avail themselves of this arrangement are requested to deposit their certificates, properly endorsed, with Co., No. 326 Walnut St., Cincinnati, Ohio, P. J. Goodhart ers of RR & on any day commencing Aug. 30, 1904, and ending Sept. 80, 1904, and receive therefor in cash $110 per share, less a deduction of $3 per share to cover the expenses and services of the committee. No stock will be taken after Sept. 30, 1904. Preferred stockholders who do not deposit their stock under the foregoing arrangement are Informed that they must be prepared to meet the claim of the railway company that their stock is redeemable at par.— V. 79, p. 880, 626. Cleveland Cincinnati Chicago & St. Lonis Rj.— Listed. The New York Stock Exchange has listed $1,000,000 additional general mortgage 4 per cent bonds of 1993, making the — total amount listed to date, $19,749,000. The bonds just listed were issued during the fiscal year ending June 30, 1984. new equipment, construction, betterments and Compare V. 78, p. 1446.— V. 79, p. 101. Cleveland Electric Rj.— Earnings.— A. circular issued to pay for additions. & recently by Denison, Prior Co. of Cleveland and Boston, offering $100,000 of the consolidated 5 percent first mortgage bonds at 108 and interest, states the earnings for the six months ending June 3Q, 1904, as follows: Gross earnings, $2,244,290; net earnings over taxes, $888,818; miscellaneous income, $3,524; total net income, $892,343. Dividends for the 6 months at the rate of 4 per cent yearly call for $468,000. —V. 79, p. 288. Connecticnt Railway & Lighting: Co.— Time for Deposit of Bonds Extended.— J, & W. Seligman & Co. notify holders of first and refunding 4>>j[ per cent 50-year gold bonds that the tim« for depositing their bonds with the Colonial Trust Co. under the agreement and supplemental mortgage of June 23, 1904, whereby the United Gas Improvement Co. guarantees the interest on the bonds, has been extended to Oct. 10. Seventy-five per cent of the bonds, it is stated, has already be«n guaranteed. See advertisement on page xi and V. 79, p. 686; V. 78, p. 2598. Fonda Johnstown & Gloversville B. R.—Alliance,~8ee Utica * Mohawk Valley Ry. below.— V. 78. p. 229. C^ainesTilie Jefferson & Southern.— Holders Object to Redemption of Bonds.— A number of holders of the first and second mortgage 7 per cent bonds, which are guaranteed principal and interest by the Georgia RR. & Banking Co., (see first mortgage endorsement V. 78, p. 15 9,) object to the proposition to pay the bonds, as announced in V. 79, p. 500. F. J. Lisman Co. 30 Broad St., N. Y. City, accordingly request the holders of the same to communicate with them with a view to protective measures.- V. 79, p. 627, 500. & the properties speolfled herein, whereof f2,770,000 shall bear 4 p. c Interest, payable seml-annaally, free of all taxes (the first conpon to be made for a shorter period than six months, so that Interest on the bonds specified In olansea A. and B herein may not fall dae together), the principal to be redeemable at any Interest period on sixty days' notice ar 105; and $2,230,000 shall bear 5 p. o. interest, payable seml-annaally, free of all taxes, with like proylsions as to first oonpon as aforesaid, the principal to be redeemable at any interest period on sixty days' notice at 110 $5,000,000 Of which all the 4 per cents are to be exchanged forthwith for $2,770,000 Lehigh Valley Traction Co. first 2,7TO,000 4s, $for$ PlTe per cents reserved for purchase or retirement of Macnngle extension bonds 00,000 Reserved for retlrempnt of $300,000 Quaker Traction 300,000 Co. bonds, or to balld a new road in place of said road To be sold with «915,000 pr^f. stock to a syndicate for 1,830,000 $1,738,500, for purposes below stated Reserved, with any not applied as above, for better40,000 ments, Ac B. Consolidated mortgage 30-year gold bonds, whereof $2,500,000 shall bear interest at 4 p. c, payable semiannually (said interest, however, not to begin to accrue until the expiration of one year after date of bonds), free of all taxes, and $5,000,000 ehali bear interest not exceeding 5 p. o., payable semi-annually, free of all taxes $7,509,000 Of which all the 5 p. c. bonds to be reserved to retire 5,000,000 the new first mortgage bonds, viz Four per cent bonds to be given as part consideration & for first mortgage bonds of leased lines, viz.: Phlla. L. V, Traction Co., $ ! .500,000; Allentown & Slatlngton Street Ry. Co., $42'«,000; Ooplay Egypt <fe Ironton Street By. Co., $105,000 Balance, with any not u-ed aa above, for reorganization or future reqairements O. Preferred stoek limited to 5 p. o. in any one year out of the net prolts of the business, but to become cumulative after 5 years from date of origlaal issae, to be preferred to the common stock In liquidation to the am'^unt of Its par value, together with all accumulated Illinois Central RR.— Sale of Controlled Line.—The atockholders of the Illinois <fe Indiana RR. will vote on Oct. 11 on a proposition to purchase from the Illinois Central the property corporate rights and franchises formerly belonging to the Illinois laniana Co. The road is known as the Effingham Division of the Illinois Central, extending from Effioghtim, 111., on the main line, to Switz City, Ind., 88 miles. Tbia etep is, no doubt, a part of the plan of the Illinois Central to obtain, in connection with the Indianapolis Southern Ry., a new line into Indianapolis. See V. 78, p. 2442.— V. 79, p. & «81, 637. Indianapolis above.—V. Sonthern Ry.— See Central Illinois RR. 78, p. 2442. Jacksonville & Soathwestern RR.— SoW.— The railroad, extending from Jacksonville, Pla., to Newberry, about 90 miles, and other property of this company hawing on July 28 been conveyed to the Atlantic Coast Line RR the jurisdiction of the officers of the latter has been extended over the acquired property. The road will become a part of the second division of the Atlantic Coast Line and will be operated as the Newberry district. All of the outstandiuK $500,. 000 bonds have be< n retired and the mortgages securing the same canceled.—V. 79, p. 501. Lehiffh Valley Traction Co.- Heorffanization Plan.— Under date ot July 20, 1904, the reorganization committee, consisting of George H. Frazier, Chairman (care Brown Brothers & Co, Philadelphia), Edward B. Smith, Harry C. , 470,000 and unpaid dividends 5,000.000 1,370,000 Of whlth as part consideration for old bonds 740,000 For L. V. Traction pref. and Al. & Slat, common stock. For floating debt [in addition to securities to be given 1,507,022 exchange for bonds held as collateral] In 129.600 For assessments 915,000 For sale to syndicate 338.378 Reserved for other purposes Common O. capital stock entitled to no dividends while of dividends remain unpaid on the pre- any arrearages 3,000,000 ferred stock Of which for L. V. Traction common stock Reserved for other purposes 2,500,000 500,000 Voting Trust.—All the stock of the new company (except f (hares to qualify directors) shall be vested In seven voting trneteee, as follows: George H. Frazier, Edward B. Smith, Harry C. Trexler, WU11am F. Harrity, Tom L. Johnson, Arthur E Newbold, George O. Albright. The aforesaid stock shall be held by the voting trustees jointly for three years from the acquisition of the property, certificates of beneficial interest to be Issued against the same. The committee shall name the directors for the first year. It Is intended that the voting trustrees shall serve as the first board. syndicate has been formed and has agreed to purchase from the reorganization committee 11,830,000 first mortgage 5 p. c. gold bonds and $915,000 of the preferred stock of the new company, for the sum of $1,738,500 in cash, plus Hccrued A interest. The terms of exchange are as follows Each $1,000 of old— Lehlfth Val. Traction Ist assets, 1st iv- M. Comol. P-ef. Cmn. c. mart. st*ek. Uo6k. M. .$2,770,000 None x»l,000 Preferred stock 600,000 stock .. 8.600,000 Phtla. & L. V. Tract, lit M.. 2,5 O.noO Allen. & Slat. IstM 600,000 Common stock 840,000 Common Coplay Egypt A Ironton Ry.litM. 6p.o X — : And will be txch^nned for . Pavs PaTiS uo (1.040 20 40 500 160 ... C800 860 . Great Northern Ry. of Canada.— Z)eposi<«.—The bond holders' committee, William L. Bull, Chairman, is receiving deposits of bonds, under a preliminary agreement, at the Central Trust Co. of this city. Compare V. 79, p. 681, 161. 2,030,0«© $1,000 1.040 20 St. 300 700 160.0C0 Defaulted interest to be paid In cash or otherwise adjnated. The assessments will be payable within 80 days att«r the plan shall have been declared operative, The assessments aggregate $64,800. The proceeds of the bonds and stock sold to the Byndioate as above stated, viz, $1,788,500, will be applied as follows For payment of L. V. Traction and P. & L V. Traction receiver's certificates $155,000 For payment of notes, bills, accounts payable, etc 466,000 For equipment of oentral power boase, repair shop, bringing system up to required efllolency, new cars, working capital, reorganieation expanses and oompensation of : 1,117,500 committee, or future betterments Estimate of Earnings.— A. B. duPont, who has had large experience in the management of street railway properties, estimates that if the improvements contemplated be completed within fifteen months, the earnings of the consolidated properties for the year 1906 will be as follows: Earnings— Fixed ehnroes— _. . „ „„^ Gross rrooa railway $884,000 Oper. expen., Incl. taxes, ateop.c 530,400 Net from railways $353,600 Net from electric llght'g. 75,000 Other income 12,000 $110,800 $2,770,000 latM. 48 91,600 81,830,000 l8t M. 68 Quakertown Traction Co. Xb.OOO ^58 Rental Beth. <fe Naiareth 15.000 Kv.a> St. 3,000 Other rentals Total Total net earnings... $440,600 Surplus over above charges X>eanot Interest on $2,030,000 oonsol. mortgage 4 $235,300 p. 0. Surplus Compare advertisement on another page.— V. w"':."*^2?'2nn bi.»"o Donde. $124,100 79, p. 103. — — 7M THE CHRONICLE. HisBoarl KanaaB & Texafl Rj.—New Cava.— A press dispatch annonnces the filing of an agrepment for the constrnctlon by the Pallman Company for $1,26 >,920 of 3,825 cars, inclnding coal cars, refrigerator cars, fnrnlture cars and side dump coal cars. The agreement is dated last February and presumably provides for theis-uanceof car trust obligations. Report.— See results on page 730.— V. 79, p. 269. MuhnsTille & Adamstown (Electric) IIR.— Sold.— The road was sold under trustees' sale on Aug. 18 to L T. Custer of Reading, Pa,, representing the creditors.—V. 79, p. 213. New York Central & Hadson Rlrer ER. —Payment of Debentures,— The principal of the 5 per cent debentures of 1894 and 1889, mnturing Sept. 1, will be paid on and after that date at the office ot J. P. Morgan & Co. All interest due on the debentures will be paid as usual at the office of the company, Grand Central Station. Electrical Plana.— Q-'e Utica & Mohawk Valley Ry. below. Lake Steamers.-See Weetern Transit Co. under "Industrials.'— V. 78, p. 270. New York & Western Ry. Co.— Proxies Asked.— shareholders' committee of which James B. Clews is Chairman, and which is seeking to dissolve the voting trust, has sent out a request for proxies to be used at the annual meeting which will be held on Sept. 28. The circular says in part: Of the 40 shares of preferred stook alleged to be ontstandlnR— 20 shares are registered in the name of an Ontario & Western clerk; 10 shares In the name of O. M. Depew, who stated In a newspaper Interview not long since that he did not own any stock and that the certlflcat© In his nume onght to have been canceled by the trustees; d shares are In the treasury of the company; 3 shares In the name of the Third Ontario Suit to Annul Voting TVuat. - The National Bank (nonr in Uqaldatlon) as trustee against namerons small claims (long since outlawed) ought never to have been Issued. This leaves one share, which It Is believed the TUBtees could get without much pflfort. $1,000 of the company's bonds have been on deposit with the Farmers' Loan & Trust Co. since 1887 for the purpose of exchanging the 40 shares when turned In. A suit has been institute'* by the committee to have the voting trust declared void; but as the case cannot be tried until after the date set for the annual meeting, proxies to elect, if possible, five of the thirteen directors are desired. The members of the stockholders' committee have agreed to make no charge for their services no matter what the final result may be. Compare V. 78, p. 1962, 2385. President Fowler is quoted as saying: The management has all along been In favor of doing away with the voting trust, but the trust was established by the laws of New York State, and it must be legally terminated. We want it terminated as soon as it can be legally done. The management has had the support of some 400,000 shares of common stook, and I see no reason why that support should be withdrawn now. One might infer that the oontlnuanoe of the preaent management is dependent upon the voting trust, but we have all along had the support of a majority of the common stockholders, so that it would make no particular diiferenoe whether five or thirteen directors were to be elected directly by the stockholders. At the annual meeting the directors will submit plans, which they believe will prove satisfactory to the stockholders, to provide for capital requirements, etc., as described in V. 79, p. 103, 104. Report.— See results on page 731.— V. 79, p. 103, Vol. i.xxix- one-fourth of the entire issue, and with their friends and associates hold the majority "The first and second divisions of the Atlanta Birmingbam line are practically completed and the line will probably be opened from Atlanta to Pell City, thirty miles from Birmingham, within a week. [This line was opened on Aug. 18 —Ed.] The entire line from Atlanta to Birmingham should be in operation in less than ninety days, The line will then become a source of large income to the Seaboard & system." The Blair-Ryan party made an offer of 12 for common and 22 for preferred stock held by the Williams-Middendorf interest, which was declined, the negotiations having been dropped last week. Stock Pool.— A committee which consists of Qnstavus Ober, Frank S. Hambleton. Henry A. Orrick and Townsend Scott, all well-known Baltimore brokers and bankers, requests the depopit of the company's common and preferred shares with the Fidelity & Deposit Co. of Maryland, under an agreement constituting the committee their agents and attorneys in fact. The committee is empowered to represent the stockholders in all matters affecting the railway company or the shares deposited and to do whatever in its judgment mav be necessary to protect the interests of the stockholders. The agreement provides that no plan of any kind which imposes a cash assessment upon shares deposited shall be binding as to the holders of preferred stock until ratified by a majority in interest of the preferred stockholders, or as to the holders of common stock until ratified by a majority in interest of the holders of common stock. The cost to the shareholders shall not exceed $1 a share on the preferred and 50 cents a share on the common. The agreement more particularly authorizes the committee: To resist, either by judicial proceedings or otherwise, the adoption or execution of any plan for the creation of loans on said railway company deemed by the committee to be unnecessary, to act for said stockholders in any proceedings hereafter instituted to foreclose any mortgage on any of said railway companv's property and to J iln in the purchase or sale, at their discretion, of all or any part of the property and any other property which It may be deemed .iadlcioas to acquire (especially as to the consideration to be received oy the stockholders), to use their shares In payment, to exchange said shares for securicies of said seaboard Air Line B*llway Co., or such other com^any as may acquire the whole or any part of its property; to sell said deposited shares of stock for such sums of money and on such terms as to said committee may seem most desirable; to formulate, adopt, accept or oln in any plan for the entrance of new Interests into said company or for the reorganization of said company. See also advertisement on another page.—V. 79, p, 152, 104. South Side Elevated RB,.— Details of Mortgage.— The new mortgage to the Illinois Trust & Savings Bank is made to secure an authorized issue of $8,000,000 of 4}^ per cent 2 1year gold bonds, maturing July 1, 1924, but subject to call on Jan. 1, 1910, or any interest day thereafter, at 105 and interest. Of the bonds, $3,000,000 has been sold to the Illinois Trust & Savings Bank to pay for the construction of about 173^ miles of additional track, nearly doubling its present mileage, and to retire the only outstanding bonds, viz.: $750,000 of 4J^8 issued in 1897, which have been called for payment at 102 and interest on Nov. 15, 1904; $3,500,000 may be issued May 1, 1905, $1,500,000 on May 1, 1906, and the re- North Chicago Street UU.— Receivers^ Certifieatea.—Bee maining $1,000,000 at anytime thereafter. Chicago papers Chicago Union Traction Co. above.—V. 78, p. 2442. say that the Trust Company will offer the bonds shortly, giving the stockholders the first right to subscribe. V. 79, p. Northern Seenrities Co.—Decree Mied.— Judge Bradford? 681. in the United States Circuit Court in Trenton, N. J., on Aug* 18 filed the formal decree enjoining the company from dis' Soathern Railway.— Listed.—The New York Stock Exposing of its holdings of Great Northern and Northern Pa- change has listed $1,250,000 additional first consolidated cific stock pending trial of the suit brought by Edward H. mprtgage 6 per cent bonds of 1994, making the total amount Harriman and Winslow S. Pierce. The Oregon Short Line listed to date $10,525,000. The bonds now admitted to dealRR. (Union Pacific) Co., as required by the decree, has given ings are part of the $2,000,000 Issued during the calendar a bond of $2,000,000 for the purpose of indemnifying any year 1903, under the provisions of Article 1, Section 7, of the loeses that may be sustained by the granting of the" prelim- mortgage, the remaining $760,000 including $420,000 listed in inary injunction, the United States Fidelity «fe Guaranty Co The January last and $830,000 still owned by the company. signing the bond as surety.-V. 79, p. 638, 270. proceeds of the $1,250,000 bonds were applied principally to Old Colony Street Ry.—Mortgage.—S&e Massachusetts Double track and reduction of grades and oarvatnre on the Washington Division f 1,221,231 Electric Companies on page 681 of last week's Chronicle. 78,179 Cedar Blnfl and Spring Garden extensions yards and warehonses Atlanta Norfolk,, Va., at Shops, Qa Philadelphia CoatsvlIIe & Lancaster Passenger Ry.— — , New Stock.-Thia company has a certificate of increase of capital stock from $600,000 to $800,000.—V. 78, p. 1783. filed Philadelphia & Lehigh Talley Traction Co.— Foreclosure.— 3 ndge Gray in the United States Circuit Court at Philadelphia on Aug. 15 granted the Guaranty Trust Co. of New York permission to biing proceedings to foreclose the mDrtgage, interest being in default. See plan under Lehigh Valley Traction Co. above.— V. 78, p. 1962, Lonia Trausit Co. Limit of Refunding Mortgage to be stockholders will vote on Oot. 19 on a proposition to reduce the authorized amount under the refunding St. Reduad.—The and improvement mortgage from $23,000,000 to $12,500,000. The improvements originally contemplated have not cost as much as expected, and probably some of them will not be made. The company, therefore, will not require the balance of the bonds at first authorized. V. 78, p. 1494. — Seaboard Air Line Ry.— Option JSJcptres.=— Chairman John Skelton Williams on Aug, 12 made the following statement: 'The option given Aug. 11, 1908, to Mesars. Ladenburg, Thalmann & Co. on a large block (95,000 shares) of the stock and Mobile, Ala Compare V. 78, p. 47,471 229.- V. 79, p. 623, 271. & Carolina YLj.— Payment of Bonda.—The $25,000 mortgage 6 per cent bonds maturing Sept. 1 will be paid on presentation at the International Trust Company of Maryland, 401 North Charles St., Baltimore. The holders of these bonds will be allowed the privilege of exchaaging them for the first consol mortgage 5 p. c. bonds on a 6 p. c. basis, Snffolk first provided such intention to excjhange is filed with the trust company on or before Aug. 25. Of the consols ($1,000,000 authorized), $589,000 is outstanding and $61,030 has been underwritten by a syndicate to nay off the 63 maturing Sept 1 and $25,000 6 per cents maturing Mar. 1, 1905. There have also neen issued $9),000 6 per cents due Apr. 1, 1911, and $100,OOO 4 per cent income bonds.— V. 78, p. 1499. Terminal RR. Association of St. Lonis.— Bonds Offered.— Harvey Flsk Sc Sons are offerini? at ^'i% and interest $1,000,000 of the general mortgage refunding 4 per cent 60-year gold bonds. See full description in V. 79, p. 499. Toledo Peoria & Western Ry.— iJepor^— The results for Williams & Son of Richmond and J. W. the year ending June 80 were as follows: Net. Gross. Int. and taxes. Mlddendorf & Co. of Baltimore at 20 for the common and 35 1903-04 $l,30i,716 »278,736 $277, S8 for the preferred expired last night. These two firms now 1902-03 270,304 1,239,974 273,149 control more than $15,000,000 of Seaboard stock, or more than -V. 78, p. 45. owned by J. L 1 Bal., sur. #1,548 8,845 — : Auo. THE CHRONICLE. 20. 1904.] 735 [NUOSXliiAL. »A» Unlnii Traction Co.— ttnes Opened.— Through service from Indianapolis to Logansport, using the Indianapolis Northern AND MlSCKltl^AMlSU Un Amalgamated Copper Co.— Dividend on Stock of SubsidTraction Company's line between Kokomo and Logansport, iary.— See Parrott Silver & Copper Co. below.— V. 79, p. 503. local and both limited for trains just completpd, was begun American Cotton Co. Proposition to Terminate Voting on Aug. 7. On the same day the Indianapolis Northern line from Kokomo to Peru was opened, only local service, how- Truit. —The shareholders' committee, Cornelius N. Blies, ever bei g established to the last-named place from Indianapolis —V. & Mohawk 79, p. 682. 271. Utica Touching the Talley (Electric) Rj.— Further Facta.— sale of the control of this trolley road and its New York Central, Horace E. Andrews of Cleveland, who was at the head of the selling syndicate, is quoted by the "Street Railway Journal" as saying: The ABdrewp-Stanley Interests some time ago formed the Utloa & Mobawk Valley Kallway, operating about 118 mlleB of road In Utloa and Eome, and between Little Falls and Rome. It aleo owned the Oneida Street Ry. operatine a short line west from Oneida, midway between Rome and Syracuse. In connection with lines operating between Rochester and Buffalo and between Fonda and Albany, and other lines contemplated, U was apparent to the Vanderbllt Interests th»t there would soon be a chain of electrics paralleling Its entire main line. By the purchase of 51 per cent of the stock of the Andrews Stanley properties, including the Syracuse Rapid Transit Co., the Vanderbllt Interests secured control of the key to the traction allied lines to the situation In Central New York Now It appears to be the Intention of the New York Central interests to extend the traction system entirely aorocs New York State. The system to be used in the electrification of the steam lines has not been decided upon. At the present time the engineers of both the Westlnghonse and General Electric companies are at work on the problem. It has been practlo»lly decided thet the steam tracks will not be equipped with overhead trolley, because It is the intention to continue the use of steam locomotives for freight tralBo, and It is pointed out that the trolley would endanger the lives of brakemen on the tops of oars. Ic Is also claimed that the sulphuric fumes from the locomotives form of side conwould injure, if not destroy, the overhead line. tact trolley is being considered, as is also the third-rail system. A In connection with the aforesaid purchase by the New Central, it is worth noting that the Vanderbilt interests have for several years past controlled the Fonda Johnstown & Gloversville RR. (compare page 346 of Railroad AND Industrial Section), which, besides owning 26 miles of steam line between Fonda and Northville, N. Y., and leasing a 6-mile steam line, owns and operates the following electric (overhead trolley) lines: EI.ECTBIO LIHB8 OP FONDA JOHNSTOWN <Je GLOVERSVILLE SYSTEM. York Mites. Gloversville to Schenectady (double track) Johnstown to Fonda and Amsterdam to Hagamau City lines In Qloversville, Johnstown and Amsterdam Gloversville to Johnstown (operated under lease) 32 7 80 7'2 4*0 Chairman, has callfd a meeting of the holders of certificates of deposit for preferred and common stock, issued under the stockholders' agreement of D^c. 2, 1901, to be held at Room 1217, 25 Broad St., New York City, on Sept. 8, 1904, at 12 o'clock noon, for the purpose of voting upon the proposition to terminate said agreement before the period fixed for its expiration, and at a date to be fixed by the stockholders at such meeting. In the event that said proposition ahall receive the affirmative vote of the owners of 80 per cent in amount of such certificates of deposit for each class of stock Affected thereby, final distribution and division of such stock will be made to the holders of such certificates of deposit upon surrender of the latter, and without charge or expense,- V. 75, p. 784 American Mechanical Cashier Co.— Jforfgragre— This New Jersey corporation, authoriz'^d capital stock $5,000,000, has filed a mortgage to the City Trust Co. of New York City, as irustee, covering all its property, and particularly the patents granted to Isaac S. Dement and Charles F. Bassett, to secure an issue of $700,000 6 p. c. gold bonds of $500 each. These bonds are dated July 1, 1903, and are due July 1, 1913; interest payable Jan. 1 and July 1. Charles Falrchlld. of Charles Fairchild & Co., is President, and Ernest M. Lookwood. Secretary. Charles Fairchild, R W. Hawksworth. H L. Horton, 8elDirectors den Bacon, £. F. Smith, £. M. Lookwood. New York office, 3 Broad St. The stock (all of one class; par of shares $100) is held in a voting trust, which expires when dividends are paid. : American (Bell) Telephone & Telegraph Co.— New Licenaee.—See Consolidated Telephone, Telegraph & Electric Co. below.— V. 79, p. 153. Bay State Gag Co.— Settlement, As stated below under the caption " Massachusetts Gas Companies," an agreement has been reached for the settlement of all litigation affecting The suits, however, that company and its subsidiaries. Rogers, Thomas W. Lawson and J. Edward against H. Addlcks still hold.— V. 78, p. 2013. — H — (The) Bond & Mortgage Brokerage Co.—Bonds Offered. The company is offering at par and interest $200,000 real estate 80-year 6 per cent gold trust bonds, 1, 1904, in denominations of $100. $500 series A, dated June and $1,000 each, the Knickerbocker Trust Co, of New York being mortgage These lines, as also the Schenectady Railway, if the pend- trustee; interest payable at Mechanics' Bank, Brooklyn. ing negotiations regarding it result favorably, will fit in well Bonds are subject to call in 5 years (or after ? ) from date at with the plans of the New York Central for an extensive 105 and are secured by deposit with trustee of many small subsidiary trolley system. With the electrification also of mortgages on Brooklyn income property, mainly residences, the West Skore road, as proposed, between Utioa and Syra- eqnal in value to the face amount of bonds issued. cuse and of the Auburn road between Syracuse and The company was incorporated in May, 1900, under the laws of New Total 51*9 Rochester, the Central will be able to apply the new "principle of running internrban cars singly through city streets and then assembling them into multiple unit trains worked on private right of way between short-haul terminals." The Niagara Lockport & Ontario Power Co. (compare V. 155), which recently increased its capital stock from $1,000 to $10,000,000, and authorized a mortgage for |24,7§, p. 000,000, it is rumored, will supply the electricity trolley service of the associated lines.— V. 79, p. 271^ for the Cmx Yera & Pacific Rj.— Directors.—The following directors have been elected ThoB. Mildn, of Mexico City, President; Michael Jenkins, Henry Walters, William L. Marbnry, Allan McLane, Joseph W. Crawford, George F. Randolph and Alexander Brown. See V. 78, p. 1968, 783, 1168. West Chicago Street RR.— Receivers' Certificates.—See Chicago Union Traction Co. above.— V. 78, p. 2444. Wiikinsbarg & Yerona Street Ry Co.— Bond*.— The following facts are furnished with reference to the bonds of this company, a block of which was recently offered. (V. 79, p. 628): This company was merged Into the Monongahela Street Ry. Co. in 1901, and In 1902 the latter company was leased to the consolidated Traction Co. The lease provides for the payment of certain moneys to enable the payment of Interest on the bonds, and the Philadelphia Company gusrantees the payment of the rental covenanted to be paid by the Consolidated Traction Co. There Is no direct guaranty of the bonds.— V. 79, p. 628. York, with $100,000 authorized stock In $50 shares, of which §56,000 is outstanding, and has paid dividends monthly at the rate of 6 p. o. per annnm. Its capital and surplus are invested in the bonds and mortgages against which series A bonds are issued. The trust agreement provides among other things that the obligor must in every way conserve the value of the underlying mortgages and In case of default or maturity of any of the underlying mortgages, the obligor must deposit additional securities or cash to keep the amount of securities equal to the outstanding bonds, A separate agreemeot. executed Aug. 1, 1904, provides for deposit with the trustee of a cash indemnity fund aggregating 35 p. c. of the face value of the bonds outstanding, to be held, with interest accruing at current rates for time deposits: (1) As indemnity against any depreciation 1b the value of the seonrltles deposited and the failure to deposit additional securities, as provided In the trust agreement; (2) as Indemnity against any shortage which may occur in the amount realized upon the deposited securities in case of default in the bonds; (3) as a sinking fund to apply on the payment of the bonds at maturity. Joseph L. Beach is President; Benj.S. Law, Secretary; Horace H. Butler, Treasurer. Othoe, 185 Montague St., Brooklyn. N. Y. Boston Qaicksiiver Mining Co.— Operations Suspended. —The The following comes from Boston: management has closed down the property, and unless the stockholders see fit to provide further funds there is little prospect of a resumption of operations. An opportunity was some months ago offered to the stockholders to subhcribe to $150,000 bonds, but they did not take kindly to the scheme, and so nothing was left to the management but to cease operations with a debt somewhat exceeding $50,000. The company was floated in Boston five years ago at $7 per share. About $460,000 of cash was expended on the property, but early promise of mine which could be made commercially profitable did not materialize.— V. 70, p 635. Brown-Corligg Engine Co.— Mortgage.— A. mortgage has Winona (Minn.) Railway & Light Co.—Mortgage.— The been filed with the Milwaukee Trust Co., as trustee, to secure company has made a mortgage to the Old Colony Trust Co. the $150,000 ol $500 bonds recently authorized to provide ad- of Boeton, as trustee, to secure an issue of 1400,000 of 20-year gold bonds of $1,000 each, dated Aug. 1, 1904, interest being payable Feb. and Aug. 1 at the office of the trustee. Of the bondp, $800,000 has been issued, the old bonds having been canceled and the mortgage securing the same released. They are subject to call after Aug. 1, 1907, in increasing amoants at 105 and interest. The sinking fund required to be deposited with the trustee aggregates $100,000 during 16 years. The company was incorporated in 1896 under the laws of West Virginia, operates 5 miles of track, and owns an electric-light and power plant, including, we are Informed, two 50O K. W. turbo alternators of the General Electrin manufsicture. Substantial additions and Improvements to the plant have been made during the last year, and the plant is riow thoroughly up to date. The capital stock authorized is $400 000, In $100 shares, of which $3.35,000 Is outstanding. President. C. N. Mason, and Secretary and Treasurer, Ernest L. Carr, Vice-President and Treapurer, respectively, of the United Electrio Securities Co. Offices, Winona, Minn., and 68 Ames Building, Boston. working capital.— V. 76, p. 974. BniTalo General Electric Co.— Increase of Stock.— The stockholders on Aug. 17 voted to Increase the authorized stock ditional from $2,400,000 to $5,000,000, all of one class, None of the new stock, we are Informed, is to be issued at once. The company has outstanding $2,175,000 of an authorized iesue of $2,400,000 of 5 per cent 40-year gold bond?, due 19S9, interest payable Feb. and Aug. at Fidelity Trust Co. of Buffalo, trustee.— V. 79, p. 683, Canada Woolen Mills Limited.— Sa!e.—The mills and other aseets will, pursuant to the order of the High Court cf Justice, dated April 26, 1904, for the winding up of the company, be sold at public auction by Jamen S. Cartwright, official referee, at his Sept. 15, 19 )4, at 3 p. Chicago Heights Chan-bers at Osgood Hall, Toronto, on m.— V. 78, (III.) p. 2801. Was Co.— Mortgage. -A mortgage recently filed to the Central Trust Co. of Chicagp, as Thw comtrustee, secures $200,000 of 5 p. c. 30 year bonds. pany began business about May 1, 1908, with $100,000 of — , THE CHRONICLE. 736 antborized capital stock. President and Treaenrfr, Chat. H, Wacker, the head of the Chicago Heights Land Aseocition. An official statement says The company has a dally capacity of 100,000 feet. Gas wae tamed on Jane ist, 1904, and therefore no dividends hsTe at yet been paid. The eompacy Is oapUal)K«d at $200,000 ooaimon stock and $.200,000 S p.o. itO-year boods, which are still la the treasury. The company Is maklnK Money and doing better than we expected to do at the : beginning. Colorado Fuel & Iron Vo.—Plan Effective.— FormaX no- given that the committee has determined that sufficient deposits have been made to warrant it in declaring the funding plan and agreement of Dec. 11, 1908, to be effective, and has declared the same to be effective accordingly. See plan in V. 77, p. 2282, 2841. Optwn Exercifed Condition and Operationof Plants.— The "Iron Age" says: The company has exerclied lU option on the Sunrise Iron mining ftropertles In Central Wyoming, involving over 1,000 acres, embraoDg 71 claims of aboat 20 acres each. This Is the consummation of a contract made several years ago by which the comiiany operated tice is — these mines, with the rleht to pnrchaie, bat the properties developed such mineral wealth that the owners soaght by legal means to prevent the exercise of the option and the sale of the land. The company also owns an extremely large acreage of coal lands, together with 3,200 coke ovens, and the iron, coal and coke are largely need in Its plant at Paeblo. Official denial Is made of the sensational stories printed In Colorado papers to the effect that millions of dollars are to be spent shortly in enlarging and Improving th" steel works, as officers state that the present equipment suffloes for the present demand and that their whole effort now is being directed to reorganizing rhe company's finances. The company has five blast furnaces completed, all large and modern in their appointments, with the sixth one well advanced, but apon which construction has been temporarily suspended. The Bessemer plant is entirely new and well equipped, and capable of doing great work The rail mill is now maklnnr more than 1.000 tons per day, and while the material is on the ground for the installation of a new one of gi eater capacity, the officials do not, under the existing demand, feel pressing need for its Installation, and it will be held In abeyarce until condliions Improve. The basic opea-hearth plant of six 50-ton furnaces Is In operation and is a thoroughly modern, up-todate plant, working with perfect satlsf actios. The same may be said of the rod mills, wire mills, nail factories, &c. [Vol. TJYiY, able price, then, with the aporoval of the Bteel Company, each moneys be Invested in safe Interest-bearing secarities by tbe trustee until the same can be used as provided above.— V. 79, p. 502, 154. may Coniolidated (Bdl) Telephone, Telegraph & Electric Co., This company filed Arizona, Etc. New Corporation. articles of incorporation at Tacson, Arizona, on June 25, its authorized stock being $3,500,000, all of one class, in $100 — — which |7UO,0OJ is outstanding. The company is authorized to operate In the Territories of Arizona and New Mexico, the States of California and Texas, and the Kepublic of Mexico, On July 1 it succeeded to the business of the Sunset Telephone * Telegraph Co. (Pacific States Telephone & Telegraph Co, ) in California, south of Colton, and In Arizona and New Mexico. The company has acquired all of the property of the Pacific States Telephone & Telegraph Co. in the Territory of Arizona under a 25-year lease. Contrary to published reports, we are informed that the "American Bell Telephone Co. neither directly nor indirectly owes a controlling interest in the capital stock of the Consolidated Telephone Telegraph & Electric Co. Suoh controlling interest is shares, of Col. Epes Randolph and associates." Officers are: President, Colonel Epes Randolph; owned by Hlncbcliffe of Los Angeles, Vice-President ager, and E S. Ives, Secretary. C. W. and General Man- Development Co. of America.— C/iangre of Trurite.—The Colonial Trust Co. of New York has been appointed trustee in place of the Eastern Trust Co., resigned, under the collateral trust indenture dated Jan. 1, 1903, securing the 16year 6per-cent konde.— V. 76, p. 975. DlAmond State Steel Co.— /Receivers. —Judge Bradford, in the United States District Court on Aug. 13, aopointed Howard T. Wallace, President of the company, and James P. Winchester, President of the First National Bank of Wilmington, Del., temporary receivers pending a decision on the application for the appointment of a trustee in bankruptcy.— V, 79, p, 682. Eastern Tube Co.— Sui^— The Real Estate Trust Co. of The Sunrise mines are held by Edward V. Gary, and along Philadelphia has brought suit against the stockholders of with properties formerly owned by the Colo. Fuel & Iron Co., the bankrupt Eastern Tube Co. to recover from su -scribers but acquired by him in 1903, will be conveyed under the plan for 1800,000 of the $1,000,000 bond issue of the company the of reorganization to the Fuel company or its successors (see unpaid balance of their subscriptions. The defendants paid 10 p. c. of their subscription, but refused to pay the remainV. 77, p. 2341). -V. 79, p. 502, ing 90 p. c. after the concern failed. The Trust Co,, as a Columbus Citizeob' Telephone Co.— Increase of Stock.— creditor, claims that the unpaid part of the subscription The increase in the stock of this company from $750,000 to should be regarded as an asset of the Tube Co. for th* benefit $1,250,000 was announced last week under the caption of the of creditors.— V. 78, p, 1394, Citieans' Telephone Co. of Columbus. Of the new stock sufficFore River Ship & Engine Co.— Saie.- The foreclosure ient only will be sold to complete the new telephone buildsale is advertised to take place in Quincy, Mass,, on Sept. 7. ing and the conduit system, install a new switchboard, and The reorganization plan was given in V. 79, p. 1C6.— V. 79, make other improvements.— V. 78, p. 822; V. 79, p, 682. 154, 106. p. Commercial Telephone Company of TeTL.aB.— Receivership. —J. Bayliss Earle of Waco and F, C. Davis of San Antonio have been appointed receivers of the property by Judge Brooks, the opposing interests having been unable to agree upon a candidate. The company has appealed from the appointment and filed a supersedeas bond to prevent the receivers from taking possession. See Y. 79, p. 682, — — General Asphalt Co.— iVletr 5«cMrtftc«. The Philadelphia Stock Exchange haviag listed the engraved trust certifioatea of common and preferred stock, the interim certificates will be stricken from the list on Sept. 10, 1904. Notice is given that on and after Aug. 15 interim certificates for the preferred and common stock trust certificates and certificates of deposit for the old securities may be exchanged for the new engraved certificates as follows: Crncible Steel Co. Refunding Reported Pending Interim certificates for preferred stock trust oertlfieates and certifiWhile nothing definite can be learned, it is understood that of deposit for collateral gold certificates of the Asphalt Oo. of the company has had under consideration for some time the cates America at the Commercial Trust Co., Philadelphia, and Mercantile making of a plan for reorganizing its finances, none of the Trust Co., 120 Broadway, New York City, N. Y. Interim certificates for common stock trust oertlfieates and oertlflplans presented, however, haying been finally settled upon. deposit for eoUateral gold certificates and for preferred and It is generally supposed that the company will decide upon oates of common stock of the National Asphalt Oo. at the Equitable Trust Go. an issue of long-term bonds to provide additional working Philadelphia; Guaranty Trust Oo. of New York, or the oMoe of the capital, the cost of contemplated improvements and the re- company In the Land Title Building, Philadelphia.! tirement of the |5,0OO,0GO of 6 per cent collateral trust deVenezuelan Ifa^fers— Contradictory reports come from bentures dated Oct. 21, 1903, iseuei in two series of $2,- Washington regarding the steps which the Government has 500,000 each, maturing in 8 and 5 years, respectively, under taken to protect this company's property rights in Venezuela, trust agreement with the Union Trust Co, of Pittsburgh. It is olear, however, that Minister Bowen was instruct>dd Committee. — A committee has been formed by dissatisfied several weeks ago to represent that the seizure of the propstockholders with the purpose of securing control of the erty of the New York & Bermudez Asphalt Co. appeared to board at the annual meeting in October. be illegal, and that this Government requests President CasSecurities Pledged.— A.^ aeourlty for the aforesaid |5,OCO,000 collateral trust 6 p. c. gold bonds of 1903 were pledged (compare V. 73, p. 841, 842): Original »ottateral Park Hteel Co., — Pledged. common stock $5,oOU,000 Preferred stock Singer, Nlmlok & Co., capital X Howe, Brown & Portsmouth 4,764,-^00 stoek Co., capital stock Steel Co., bond and mortgage... A. F. Baumearten, bond and mortgage zClairton Steel Co., capital stock 1,250 000 x800,000 y 180,000 y32,50O z3,500,000 Total issued. $5,000,0>0 5,000,000 l,2f 0,000 800,000 180,000 32,500 3,500,000 X In July last a contract was made for the sale of the land occupied by the Howe, Brown <& Co plant to the Psnnsylvanla RR. Go. for a sam currently stated to be $750,000 (compare V. 79, p. 154). y The bonds and mortgages of the Portsmouth Steel Co. and A. P Buomgarten are " subject to such prior claims upon the same as mav now be b«>ld by the Union Trust Co. of Pittsburgh and the Pittsburgh Trust Co." z In May, 1904, the capital stock of the Clairton Steel Co. was sold to the United States Steel Corporation, the latter in payment therefor guarac teeing the bonds (a little less than $13,00u,000) and giving $1,000,000 of 10-60 year 5 p. o. bonds (V. 78, p. 1552, 2014). As bearing on the tale of and Howe. Brown the properties of the Clairton Co., it is interesting to note that the deed of trust provides: In the event of the sale of any of the properties of said corporations, the proceeds of such sale shall he paid to the trustee, and shall be expended and applied by the trustee toward the purchase or retirement, from time to time, and at snch prices as to it shall seem proper, of one or more of the bonds secured hereby. All bonds so purchased shall, togetber with the interest warrants thereto attached, be Immediately canceled and shall cease to be entitled to the benefit of tbe security hereby provided. If said bonds cannot be so purohaeed at a reason- Steel Co. & tro to suspend the receiveri>hip pending the final action of the Venezuelan court.— V. 79, p. 683, 630. Groton (Conn.) Secarities Co.—Sate to Borough.— See "Groton" on pagu 749. Groton (Conn.) Water Co.— See "Groton" on p^g« 749. Home Telephone Co., Dajton, 0.— Increase of "itocb. -The stockholders voted on Aug. 19 to increase the preferred stock from $400,000 to $600,000, the $300,000 new preferred to be used to retire $2^0,000 of the $150,000 ou'standing bonds. The company has 3,500 subscribers. See V. 78, p. 1118.— V. 79, p. 503. Home Telephone Co. of Los Angeles.— -Eami»gfa.— The earnings for the 3 montns ending July 1, 1904, were: Gross earnings, $86,944; surplus earnings over operating expensep, The capacity will, it is reinterest, taxes, etc., $36,475. ported, be increased by Nov, 15 to about £0,000 telephones by the completion of sub-stations under construction, which will enable the company to connect new subscribers awaiting service. Oa March 15,1904, there were 11,747 telephones V. in operation and applications on file for 5,000 additional. — 78, p. 1895. International Mercantile Marine Co.— iieduc^(«n in Cabin Rates on East- Bound Passage The Cunard Line on Wednesday antonnced a reduction of the minimum rates for both first and second cabins en the passage trom New York to Liverpool. This cut was met on Thursday by the White Star Line, which is controlled by the laternational Mercan- — — Aw. THE CHRONICLE. 20, 1904.] Marine Co. The minimum rates for dations cotDpare as follows: tile I tlOO OB 80 Lucania ard Campania Birurla »ii<3 b'mbrla Bo»toa-LiTe»pool service |60 6U ou first cabin accommo- White Star lAne— .. Oceanic. Teutonic and Majestic Old $100 85 Ba tic. Celtic. (Jedric. Arabic 80 Boston-Iiiverpool service 80 New $H5 55 60 50 The b«ayy traffic from Angust to October is of course west bound and is therefore n t effected by these changes. The steerage rate from Liverpool to Boston was also reduced on Thursday by the laternational Mercantile Mirine Co. from $'3.C0 to $8 75, Catio rates on the American and Leyland lines of the last named company have also been cut, $56 bding now the minimum rate for first cabin on the St. New York and Philadelphia. Compare V. 2445.-V. 79, p. 167, 149. KnoxTille (Tenn.) Water Co.— See page 746, "State and City Department."—V. 78, p. 141. Ma88achu8i>tt8 Gas Companies.- ConciMston of Litigation,— Judge B Mas o[ the United States Circuit Court in WilmingtoD, Ddl., on Aug. 16, authorized Receiver George Wharton Pepper, of the Bay State Gas Co. of Delaware, to sign an agreement accepted by counsel for both sides for the settlement of all points at issue between Receiver Pepper, the Jdaesachusetts Gas Companies and Kidder, Peabody & Co. This agreement, which will leave tbe Massacbuaetts Qas Companies in undisputed possession of the entire Boston gas field, is described in the official statement as follows : Whereas, the plaintiff in the suit of the Bay State Gas Co., of Delaware, against the Boston Gas Ligbt Co., et al, has waived its exceptions, consented to the entry of a final decree ard waived any right of appeal, it is agreed as followsTie Bay Stat«* Qas Co. shall, provided the authority of the Olr1. Louis, St. Paul, 78. p. 3337, 2884, onit Ooarts of 'he United States for the districts of Masi^aohasetts and Delaware has first been obralned, in consideration of one dollar and other valaable considerations, conflrm the sale at auction on Feb. 11, 1903, by the Mercantile Trust Co , to Kidder. Peabody <fe Co.. of Boston gSkB stocks, shall release the Boston gas oompanle* from any elaims It may have against them, proving out of maoagement or otherwise, shall release the Massachusetts Qas )os , Kidder, Peabody & Co., and tk« Mercantile Trust Co. from any claims growing out of the sale at auction, shall release the Mercantile Trust Co. from any claims incidental to the Increase of Bay State Qas (of Massachusetts) stock by is.ono shares Nov. 24, 1893, and the issuance of the same to the Mercantile Trust Co. ; and formally consents to such transfers by the Bay State Qaa Co. of New Jersey as are neceesary to transfer the gas stocks to the Massaohnsettt Qas Companies. 2. If such release be executed tbe Bay State Qas Co. shall sell and the Massachusetts Qas Co. shall buy all shares of stock (other than those sold by the Mercantile Trust Co. and mentioned In the release) which are owned by the Bay State Qas Oo. of Delaware, In the companies below, named at the following prices per share : 737 Oshkosh (Wis.) Electric Light & Power Co.-Sotd. -The property was purchased at foreclosure sale on Aug. 11 by W. H. Whitney at a price stated as $215,000.—V. 79, p. 1*5. Parrott Silver & Copper Co.— Dividend,— A dividend of 50 cents (5 per cent) per share has been declared, payable Sept. 12 to stockholders of record Aug. 81. The last dividend paid, alpo 5 per cent, was in Jan., 1902. In 1901 35 per cent was paid V. 78, ; in 1900, 60 p. c. ; in 1899. 39 p. c. ; in 1898, 18 p. c— p. 2888. Power & Mining Machinery Co.— Business.— This company, whose organization was referred to in V. 78, p 232, has issued a statement calling attention to the large number of important plants installed by it during the past year, stating: The company started business a little over a year aeo, having Holh ff Mining Maohluery Co. at Milwaukee, where it immediately commenced extensive improvements for the manufaotorine of its gas machinery. Tbe extension of these works was begun in August, 1903, less than one year ago; and the same are secured the works of the hardly completed, but will be ready within sixty days for extensive operations. In the meantime the company has taken upwards of $1,000,000 worth of orders for Loomis-Petdbone gas apparatus and CroFsley gas engines, which are beisg constructed In their shops at the present time. These orders have been placed with the most representative and conservative companies in the United States, Mexloo, etc.. Including among others the Pennsylvania Steel Co.; lu'ernatiional Steam Pump Co.; Elmira (N Y ) Water Li«ht <b Rallroao; I>exlngtOH (Ky ) Railway; Phelps, Dodge Oo., Naoczsbri, Mex.; Avlno Mines' Durango, Mex W. H. Oone, Berlin, Out., Can., and Wellington (Kew Zaaland) Meat Kxport Co.— V. 78, p. 232. Sontli Dakota Water Co.— Decmon,— See "Sioux Falls, S. D.," on page 746, "State and City Department."—T. 79, ; p. 504. — Southern Textile Co,— Receivers' Certificates. Tice-ChanJ., on Aug. 9 confirmed tke apoellor Pitney at Newark, Guild as receiver and a«tborJ»ed pointment of Frederick the sale of $30,000 of receiver's certificates to permit the N R Windsor Mills of Burlington, N. C. The receiver's preliminary report stated that all four mills were shut down and that with the exception of the Windsor Mills none of them is profitable,—V. 79, p. 604. operation of the Standard Typewriter Co.— Foreclosure Sale.— Oso&r Keen, Special Master appointed by the Chancery Court ot New Jersey, will sell at public auction at the northeast corner of Nassau and Sheffield streets, Newark, N. J., on Aug. 25. at 2 p, m., all the real estate and other property of the company. V. 75, p. 1858. Stilwell-Bierce & SmlthYalle Co., Dayton, 0.—Sold.— This company's property was sold at auction last Thursday under order of court and bid in by Col. J. D. Piatt, the President of the Barney & Smith Car Co., of Dayton, who $1,500 South Boston Qas Lleht O0..9150 has for several years been identified with the Stilwell-Bierce Boston eas LightOo 250 Roxbnry Qas Light Oo 150 Dorchester Qas Light Oo .. management. The purchase price was $775,000. The apBay State Qas Co. (of Mass.) 200 And in so far as the Bay State Qas Co. of Delaware has not yet been praised value was $1,265,870, less $73,600 for change in inThere were no able to find the oertifloates for certain shares which, It is claimed, be- ventory since the appraisement was made. longed to that company, tbe Delaware Co will use Its best efforts to other bidderp. "I now own Mr. Piatt is quoted as saying obtain and transfer the same in accordance with this agreement. the entire plant, and it will run, if the sale is confirmed." 3. On execution of said release, Klddsr, Peabody & Oo.wlll sell to the Bay Stat* Qas Oo. of Delaware their claim against the Bay 8tat« Qas The company's liabilities are said to be about $1,250,000, Co. of New Jersey on account of the balance due on the Boston United Including $300,000 of first mortgage 6s, due Oct. 1, 1918, but Qas seconds which assented to the reorganization, after application subject to call at llO.-V. 79, p. 218, 156. towards payment thereof of the proceeds of the foreclosure sale by the Mercantile Trust Co., and will notify Receiver Hallock of the New Sanset (Bell) Telppbone & Telegraph Co.— See ConsoliJersey Co. thuy will not be responsible for further expenses of con- dated Telephone & Telegraph Blectrle Co. above.— V. 70, tinuing the suit of the New Jersey company against the Delaware p. 692. company, now pending in Delaware. -V. 79, p. 1<)7. Sasqaebannn (Electric) Power Co.— PropostMon to City Nattonal Glass Co.—Good Re»ults from Releasing Plants to Fmrmer Oioners.— At the annual meeting on Aug. 9 the of Baltimore —QeoT^e K. McGaw, a director and one of the large stockholders of the company, has addressed a letter to Chairman said On Jan. 1, 1904, the various factories owned by this company were Mayor Timaous of Baltimare, saying in substance: leased severally to separate corporations on a basis of their respective It is noted that, at your suggestion, estimates are being prepared to values, as stateil on the books of this company. The operttlon of these show the probable cost of a municipal plant for the furnishing of light oonoerns hae varied according to the conditions, locality and special and power to the city of Baltimore. It has been suggested by compe| . I | : : product of each, but the general result bids fair to prove that the change from an operating to simply a holding company will be of great advantage to this corporation. Tbe National Qlass Co. does not assume on these leases to control the policy of the several factories, but simply to liold the managements responsible lor the agreed rentals and ihe preservation of the leased ptemtsee In as good shape as when possession was delivered. This policy has succeeded In reducing expenses of the central oiBoe minimum. The ft^cal year to a of the leasing corporations will expire Jan. 1, 1905, at which time a detailed statement of operations will be made, which, expected, will be of a satisfactory nature. It Is The meeting was adjourned until a day in January to be fixed later.-V. 78, p. 1278. National Self-Windings Clock Co.— Mor^gicfflre.— This company, Int orporated in New Jersey, has made a mortgage to the Chicago Title Trust Co., as trustee, to secure an issue of $M)0,COO of 5 per cent 20-year bonds. These bonds are in series A, B, C, D ana B of $100,000 each. The company's stock at last accounts was |400,000, of which $150,000 was common etook; par value of shares $100, and $260,000 6 per cent cumulative preferred, "paying and participating" (par, $10 or |100). President, A. L. Clarke and Secretary Chas S. Burton: main offloe, Chicago, III. New York agents, P. C. Knliman & Co., 68 Wall St. Operations at the plant in Foreetville, Conn., were suspended at^out the end of la«t year, owing, it was said, to lack of working capital. Recently the company was reported to have been merged with the Illinois Clock Co., and to be arranging to move its plant to Illinois. Title to the Forestvllle property has been held by the Connecticut Building A Loan Association of Hartford. Niagara L- ckport & Ontario Voyrer Co.— Mortgage, Etc.— Sae U'icM & Mohawk Valley Ry, under "Rallraads" above & —V. 79, p. 155. Northey Corm^nnj.— Guaranteed Bonds.— See Canadian General E eotrlc Co. under "Ancual Reports." tent engineers that an opportunity is now open to the city in connection with the construction of the proposed new docks and piers to equip tbe same with tbe most modern appliances, snob as electrical cranes, for the handling of all classes of freight to and from th« vessels. We respectfully ask that you have prepared an estimate of the electric current and power which onuld be profitably used not only in connection with (he manloipal bnildlags and strnctnres. including the new docks, but also to furnish snfnolent light for all the streets, alleys and dark places throughout the city. If such an estimate should show that the city will reasonably require, say, from 3,000 to 5,000 electrical horsepower, our company would be pleased to make a contract with the city to furnish the same at a prioe per horsepower year at least 15 per cent eh saner than the eaase amount of current can be produced and furnished by any plant proposed to be erected and operated by the city, with the use of coal and steam for generating the same. Our contract to supply sild current and power within one year from the date of the execution of the contract by the city oould be guaranteed by bondi.— V. 78. p. 992. & Power To., Medina, N. T.— special dispatch to the "Buffalo Commercial" uader date of Aug. 11 quotes receiver Lyon of the defunct Medina National Bank as saying that he had refused two o^'-rs for about $125,000 of the company's bonds held absolutely or as collateral for loans made by the bank. An off'r^ring of the $250,000 authorized issue was referred to in V. 78, p. 1563; V. 77, p. 2103. Swftt (A. L.) Electric Light Bonds.- A United States Glass V,o.— Report for Year Ending June SO, 1904. President Ripley says: In my last report, dated Aug. 19. 1903, an Increase was shown In sales over 1903 of 10-2% per cent, with a loss on account of bad debts of 1-12 of 1 per cent. This year shows an increase of sales over 1903 of 2 per cent., with a loss of 1-9 of 1 per cent on account i>f b>»d debts. The net profit, after charging to expenses certain Improvoments as well aa the unusual expense attending the iswulng of bonds, was .f i07,7.<3. Our manufactured stock on handlsabont the same In am nni as last year, and has been Invoiced at prices less than cost of selling. The new tank at Qas City Is in operation and a contract let for a new one at Factory B, Pltisliuruh. All of our plants started on July 18 and are now rnuulDg night and day. The net profit, $207,723, as above, contrasts with $251,871 for the year 1902-03,— V. 78, p. 993, THE CHRONICLE. 738 United States Shipbaildin? Co.— 5a/e« of Conatituent Properties.- Hon. 3 &me» Smith Jr., as Special Master, will offer for nale tbe varloas properties secarlng the company's bonds as f jUowh: Sept. 2.— At 12m., 800,000 Bharea of ttook ot Bethlehem Hteel Co., at 745 Broad «t., Newark, «. J. Sept. 8.— At 12 H the Cre«<y>nt Shipyard Co., Ellzftbethport, N. J., at Front and Fulton •treets, Ellzabethport, N. J., aad at 1 p. M Bamnel L. Moore & Sons Co., at 52 Front St., Klizabethporc, N. J.; 3 P. m of the same day, the Oaoda ManafaeturlnK (>>.. at Carteret, N. J. Sept. 12.— At 1:30 P.M., the EaBtern Shlpballdlag Co., at Groton, Oonn. Sept. 19.— At 12 M., the Hyde Windlass Co., at Bath, Me., and at 2 p. M., the Bath Iron Workn. Ltd. Sept. 26.— At 12 H the Union Iron Works, at San Franolsoo, Cal. The npset prices were given la Chronicle of July 9, 1904, , , , . pages 169, 160. Sttit Against Promoters,— Qovernor Odell on August 15 began a suit in the Supreme Court for Orange County against the promoters of the company to recover |128,890, the difference between the amount paid for the $188,000 bonds purchased by him and that realized from the sale in March last of the bonds and the stock given as bonus. (See V. 78, p. 1131.)— V. 79, p. 159. — United States Realty ft ImproTemeiit Co.— Strikes and Lockout.— Oa July 26 the Building Trades Alliance of this city called out about 1,200 men who were employed in finishing tke Rapid Transit Subway, these Including carpenters, electiical workers, plumbers, metal lathers and plasterers, the avowed purpose being to secure for the Amalgamated Painters' Society one-half of the painting on the subway, which was then being done by the Brotherhood of Painters, and also to obtain the dismissal of non-union electrical workThis strike was in direct violation of the arbitration ers. agreement of the unions with the Building Trades EmployThe latter, therefore, on Aug. 4 declartd ers' Association. a lockouts, including the entire membership of all the unions on strike, b th in the subway and on buildings. This lookextended, includes eight of the thirtyone unions with which the Employers' Association has contracts, and, embracing, as it does, a radius of 25 miles about New York, involves some 16,000 skilled men, and, including laoorers, etc, affects about 25,000. Among the organizations concerned are: as out, since Tar, Felt &, Waterproof Workers, the Brotherhood of Carpenters, the International Brotherhood of Elfotrloal Workers, the Plumbers' & Gasfltters' Unl«D, the Mosaic & Enoaustlo Tile Layers, the Plain & Ornamental Operative Plasterers' Association, the Marble Mosaic Enamel Workers' Association and the Metal LatherH* Association. & Under the terms of the employers' ultimatum, the men have until Aug. 22 to return to work under penalty of being re-employed only as individuals. Representatives of the Employers' Association say that this would not preclude the existence of unions but merely mean the submission of all unions organized to the arbitration agreement. On Aug. 15 and since the Buildit g Trades Alliance has undertaken to retaliate by calling strikes of the stonecutters, mosaic workers and others on various buildings, many of them being under construction by the Fuller Company, which is controlled by the United States Realty & Im rrovement Co. The buildings covered by the strike orders include with others: New Times Building, old Times Building. Sturtevant Hotel, Hanover National Bank, American Express Building on 42d Bt Apartment Hjtel and Colonial Bank Building. ; Chatswortb Only buildings that have been enclosed, i. e., have the roof on, are affected by the aforesaid difficulties, There are about 800 firms and companies in the Building Trades Employers' Association and all their enclosed structures are embraced in the lookout. The strikes above mentioned are pronounced of little moment. It was reported yesterday that Waterproofers' Union had agreed to accept the Tar, Felt number of other the provisions of the arbitral ion plan. unions, it is predicted will also return to work on Monday. & —V. A 79, p. 274, 217. United States Steel Corporation.— PHce Reduction.—Thia company's subsidiary, the American Steel & Wire Co., put in effect on Tuesday a material reduction in the prices of wire products, viz. in wire nails from I'SOc. to l'60c,, in plain wire from 1 70c. to l*45c., and in galvanized barb wire from The cut, which it 2'40c. to S 05c., all f. o. b. at Pittsburgh. is stated amounts to from $4 to |7 a ton, according to the grade, is generally supposed to be aimed at the independent concerns, particularly the Republic Iron & Steel Co. and the Pittslturgh Steel Co. These last-named companies, as stated last week, have entered Into a contract by which the former to convert 110,000 tons of pig iron into steel billets at a price that will make the same cost the Pittsburgh Steel Co., according to current reports, onlv |19 a ton, or $4 less than the list price of sometime past. The Pittsburgh Steel Co. has met the cut of the American Steel Co. and made some further concessions which have also been granted by the is company. Touching these and other matters, the "Iron Age" sayg: latter Considering the fact that the gentlemen's agreement In the steel trade has long poAsessed a shadowy value, the fleet upon sentiment of the recent oocurrences has been rarher sur^rlsljig. So far as the great nias" of the tonnage of finished steel is oonoerned, the situation is not at all changed, whether billets are selline at $23 or at $19. The great oomnanles which make finished products going back to the ore are not afleoted at all. The large consumers of steel either have their oonversloii contracts or their sliding scale contracts based on pig Iron, which has declined from natural causes. Under these sliding •- [VoLh LXXIX. scale contracts they have been getting their steel at dose to fl9 for some time past. It Is only a limited number of small outside forges and rolling mills who have been "heia up" unfler the Kentiemen's agr^-einent, and with a wide open m^trket for steel rhcv will simply be placed In a somewhat better position to fight for a modest share In the flclshed lines. In a market like the present this may have some Influence. The real danger lies in the gathering signs of a disintegration among the more serious pools in the finished trade. Foremost among these Is the Beam Association. It Is reported that this structural pool has invited the Lackawanna Steel Co. to enter, and that this invitation has been declined on the ground that the pool agreements were not being kept. The coinpany has completed a very large new mill and has only lately made its first important sale of strnotnral materUl. It seems probable that the position of the markets in this branch will be thoroughly tested by the resnlts of the bids on the large anjountot work for the South Side Elevated RB. Co. of Chicago, which will probably be known this week. There Is growing uneasiness, t )0, in the plate pool. Reports are current that the steel rail makers will probably take np the matter of 1905 prices early In September. In the meantime the selling prices of light rails are showing a further decline, and what little business Is doing is being fought for until at times aa low as $18-50 and $19 at mill Is beiuK accepted. The Southern labor situation Is expected to come to a head at an early date. There may be some trouble, bat It is believed that it will not be loajf before the district Is again producing at a normal rate. In the meantime the Northern furnaces are taking the greater part of what business is coming up on the basis of $11*50 for No. 2 Foundry at furnace. The " Age " furnishes comparative list prices as follows: C0HPAKI8OH or LIST PBICEB. Aug.l7, A.ug.10, July 20. Ang-W, 1904. 1904. 1904. 1903. $14-25 $14-25 $16-75 12-86 12-50 17-85 11-85 16-00 1200 23-00 23-00 27-00 23-0O 28-00 28-00 2800 3500 1-60 1-60 1-60 160 2-00 2-00 2"60 2 00 3-40 2-50 2-05 260 1'80 1-90 1-60 200 Foundry nig. No. 2. Standard, PhUa.$14-25 Bessemer pig, Pittsburgh ^ 12-85 12-00 Gray forge, Pittsburgh Steel biUets. Pittoburgh Wire rods, Pittsburgh Beams, Pittsburgh Sheets, No. 27, Pittsburgh Barb wire, t. o. b., Pittsburgh Wire nails, f. o. b.. Pittsburgh Out nails, f. o.b., Pittsburgh Steel rails, heavy. Eastern Mill At meetings in this 1-65 1-75 1-65 2-15 28*00 28-00 2800 2800 city on Thursday the Eastern Bar Iron & Bolt Association re-affirmed the Association and the Nut prevailing schedule.- V. 79, p. 632, 504, Univergal Tobacco Co.— 5aZe.— Under an order of the Court of Chancery of New Jersey, dated Aug. 16, the trustees in dissolution will eell ail of the assets, as follows (1) At the factory No. 214 East 43d St.. New York, on Aue. 20, : at 11 o'clock A.M. (a) Tfte following brmds of Turkish cisarettes, with certified formula^ for making tbe same: Pall Mall, La Marquise, Bsjyptienne Si raiphts. Amna. Ibis, Piccaailly, Premis, Horus. Silko. Pyramids, (b) The followiug branrts of Vireinla cigaretie!-. with cerlifled formulas for making the same: SovereigQ, Hansom, Red Sun, Omar, (c) The following brands ot little cigars, with certified formulas for making the same: St. Leger, Sovereign, (d) The following br4n(ls of smokintr tobacco, with certlded formulas for maklug the satne Real Biamond, Red Sun, Union Maid, John Anderxon Solace smoking and chewing tobacco. Honey Dew smoking and chewing tobacci, and all the machinery, furniture and fixtures formerly belonging to the company. (2) Ai the factory at Lynchburg, Virginia, on Aug. 29, at 11 o'clock A. M., all cigarette paper, machinery, farniture and fixtures there situated. The Commonwealth Tobacco Co. has stipulated that it will make no claim to said assets when sold or any of them by reason of any manufacturing contracts heretofore made and the Universal Company, and that the sale free and clear of the lien of the mortgage made by the Universal Company to the Union Trust Co. of New between shall be it made York, trustee, dated July 1, 19D3. (V. 77, p. 150.) The application of Camilla Weidenfeld, Thomas W. I*aw8on and William J. Brown, minority stockholders, for the appointment of a receiver, was denied by VicG-Chancellor Stevens on Aug. 15. The sale will permit the carrying out of the plan tomerge the company in the Tobacco Co. (V. 78, p. 2338).— V. 78, p. 2608. Commonwealth WeBtern Transit Co.— New Steamer for Lake Connection of New York Central.— Tbia subsidiary of the New York Cen- & Hudson River RR. recently put into commission the length is 401 feet; beam, 50 feet; depth, 80 feet; and carrying capacity, 6,000 tons. Tnis makes seven modern steel steamers in the Transit Company's fleet, six of which have been added since 1898, it being the company's policy to add a new steamer each year. In addition to these steel steamers, the company has nine iron and wooden steamers. This fleet of sixteen steamers enables the New York Central to give a daily freight service from Buffalo to Milwaukee, Chicago, Duluth and Portage Lake.— V. tral new steamer Duluth, whose 76, p. 216. Wbltehali Portland Cement Co.— Mortgage,— The company has made a deed of trust to the Real Estate Trust Co. of Philadelphia, as trustee, to seoare an authorized issue of $500,000 six per cent 10-year gold bonds, dated Aug. 1, 1901, in denominations of $500 and |1,000 each, covering the plant and proper tv at Cementon, Pa, The bonds are subject to 19C9 (or after ?) at par. Interest is payable at the 1733 Land Title Building, Philadelphia, There are also $400,000 twenty-year 5 p^r cent first mortgage bonds outstanding, maturing May 1. 1920, but subject to call at par since May 1, 1904, at any interest period (May and Nov,), the same trust company being trastee. Stock authorized and outstanding, |5(i0,00b, all of one class, in shares of $100 each. President, T. M. Righter; Treasurer, W. B. Whitney; Secretary and Asst. Treas., W. C. Kent. call in office, Zenith Farnace Co., Dnluth.— De»crjp«on.— The "En- gineering and Mining Journal" of Aug. 11 describes the company's plant. V. 78, p. 1558. — — The regular quarterly dividend of 1 per cent on the preSnsquohanna RR, Co. (being ferred stock of tne Buffalo preferred stock dividend No. 9) has been declared, payable Sept. 1, 1904, to stockholders of record Aug. 13, 1904. & — . . THE CHRONICLE. AuCx. 20, 1904.] 739 COTTON. ^hje (f^ommzxtml gimjes. Friday Nioht, August EPITOME COMMERCIAL Friday Nioht, Aug. 19, 1904. As a general rnle the condition of business has been fairly satisfactory, with a gradual opening of business activity as the iiiflaences of the approaching fall season have been felt. Jobbers and dealers in a number of lines have been meeting with a fairly good run of orders from the consuming trade. development that has attracted considerable attention has been the sharp cutting of prices that has been made in some lines of steel goods. The immediate effect of this cut upon the trade is of an unsettling character, but with the adjustment of values to a lower and therefore more attractive basis a revival of activity is expected to follow. Unusual excitement has attended the speculative trading in the grain markets; the wild advance in wheat values has continued, based on crop-damage reports of a sensational Prospects have continued promising for good character. yields from the corn and cotton crops. Lard on the spot has had only a limited sale, the demand from refiners has been light, and, exclusive of limited purchases of city, exporters have done practically nothing. The tone of the market has held steady ; in fact prices have advanced slightly on light offeringa, closing at 7*30c. for prime Western and 6'75c. for prime City. Eefined lard has been firmer but quiet, closing at 7'40c. for refined for the Contl nent. Speculation in lard for future delivery has been moderately active and prices have advanced on light receipts of swine and in sympathy with an advance in values for corn. The close was at a slight decline from top prices. A DAItT OLOSraO PBIOBB Of LABD VUTUBBI IN OHIOAOO. Ihur: Wed. Mon. futi. 8at. Sept. del'y Oct. d«I'T 6-77ifl 6 87ifl 6-82ifl 685 6 9a>« 6-921* Jan. ael'y 690 6-91^ 6-97>fl 6-87 ifl 6-97i« 7'02>« 6-95 702ifl 7-07»a m 6-87ifl 6-97»« as indicated by our telegrams from the South to-night, is given below. For the week ending this evening the total receipts have reached 14,030 bales, against 5,748 bales last week and 5.953 bales the previous week, making the total recieilpfcf. sinoe the 1st of Sept., 1903, 7,137,296 bales, against 7,639,462 bales for the same period of 1902-3 showing a decrease since Sent. 1, 1903, of 502,168 bales. at— BeeeiptM 105 are the closing asked prices: 6 5Bo. ,Deo Bepi 6-600. 6 700. Oct ,..^ Kaw I Jan March , 6-90o. April 7"00o. May 7-20o. IJuly Wed. Tue$. 1,473 1,410 1,561 in. Tkurs. 1,591 Pt.Arthur,&o Total. 2,568 8,708 -•.... Sfew Orleans... Mobile Pensaoola, Ac. 149 Savannah Bmnew'k, &c 218 239 272 536 237 1 1 S 1.438 11 1,250 6 Oharleston Ft. Royal, &o. Wilmington.... Wash'ton.&c. 410 281 148 194 96 824 83 r:i.... ...... 2 6 2 33 94 186 115 70 787 44 452 50 155 453 193 3,616 14,030 266 56 Norfollr 2 N'p*tNew8,&o. New York. 1,00 WVOOhlMt 111 Boston......... Baltimore PhUadelp'a.Ac 38 103 2 Tot. this ireek. 674 1,946 3,182 2,239 2.393 The following shows the week's total receipts, the total since Septc 1, 1903, and the stocks to-night, compared with last year. 1902-03. 1903-04. Beceiptt to Aug. 19 ThU This week. Since Sep. 1, 1903. week. Stock. Since Sep. 1, 1902. 1904. 1903. 702'« for best Western. Brazil grades of coffee have been in fairly active demand, especially for the commoner grades, and, with supplies controlled largely by a prominent roastlng-house, prices have advanced. The close was steady at 8}^c. for Rio No 7 and 8^c. for Santos No. 4, West India growths have been in fair demand and firm at 93^(a93^c. for good Cncuta and 11140. for good average Bogota. East India growths have been in fair demand and firmer. Speculation in the market for con tracts has been on a fairly extensive scale. Prices advanced on crop-damage reports from Brazil, then reacted under liquidation and bear pressure. The close was firmer on smaller Santos receipts. The following Mon. 8ai. Qalreston. Pork has been quiet and in the local market pric s for Galveston... Pt. AT.,«feO. mess have been lowered slightly, closing at $13 50@13 75 for mess, $14 50@15 00 for short clear and $15 00 for family. Cut New Orleans meats have had only a limited sale, but prices have been well MobUe maintained, closing at 6J^@7c. for pickled shoulders, 10@ P'saoola, «fco. lO^c. for pickled hams and ^%@%%g. for pickled bellies, Savannah... 14@10 lbs. average. Beef has been firm but quiet at $8 50(g> Br'wlok, &o. 9 00 for mess, $9 50® 10 00 for packet, $10 50@I1 00 for family C!harleBton.. and $15 00@16 00 for extra India mess in tcs. Tallow has P. Royal, &0. been in light supply and firm at 43^c. Stearines have been Wilmington. steady, closing at l%(i. for lard stearine and 7@7^o. for oleo Wash'n, &o. stearine. Cotton seed oil has had a fairly large sale at Norfolk steadier prices, closing at 283^@29o. for prime yellow. But* N'portN.,&o ter has been in fairly brisk demand and steady, closing at New York... 13@183^c. for creamery. Cheese has advanced, but the close Boston was quiet at &%@S% for State factory, full cream. Fresh Baltimore. eggs have had a fair sale at firm prices, closing at 203^@21c. Phlladel,&o. Aug 19, 1904, Thb Movement of the Ceop 730o 7-400. 7*580. sugars have been quiet and there has been a slightly easier tarn to pi ices, closing at43^c. for centrifugals, 96 deg. test, and 3 11 16c. for mufcovado, 89-deg. test. R fined sugar has been taken with a moderate show of freedom on contracts, but new business has been quiet, closing at 5@5 10c. for granulated. Teas have been steady, Kentucky tobacco has had a limited sale and prices have bten well maintained. An active business has been experienced in seed-leaf tobacco, the sales for the week amounting to fully 3,000 cases, principally Connecticut Havana and Connecticut broad leaf, and at full prices Sumatra tobacco.has been in fair demand and firm. Havana tobacco has been qoiet. A better demand has been reported for Straits tin and prices have advanced. The close was quiet at a slight reaction from top figures at 26 85@27o. Ingot copper has had a fair sale to the home trade, with prices for Like and electrolytic quoted at 123^@12^c, Lead has been steady at 4*15® 4-20c. Spelter has been unchanged at 4'86@4'93o. Pig iron has been quiet, closing at $18 25@18 76 for No. 2 Northern and $13 26 for No. 2 Suuthern. Refined petroleum for export has been steady, closing at 7'70c. in bbla, 10'40c. in caaea and 4'80c. in bulk. Naphtha has been steady at \\%c, for 71 degrees and 12j. for 76 degrees. Credit balances nave been unchanged, closing at l'50c. Spirits turpentine has advanced slightly, closing firm at bl^i@b'l%G. Rosins have been steady at $2 65 for common and goua strained. Hops have been firm and higher on unfavorable crop news from Europe. Wool has been firm. 8,703 2,349,715 104,029 1,433 1,939.356 11 200,095 132,868 1,250 1,146.806 120,760 1,003 156,534 1,290 43 321,475 336 787 165 452 193 4E4,293 22,144 18,815 32,769 31,092 14,854 14,030 7,137,2y6 Totals 172 2,092,337 154,105 600 2.303,676 214,967 156,038 72 1,297,267 130,622 6 209,706 337 28 329,696 387 161 609,330 294 25,465 • 8,791 885 ,.•••.. 2i,8Q4 269 17,664 53 8,470 2,890 566 129 303 207 1,049 81 ....... 36,633 98,889 47,750 27,277 30,434 2,814 154,360 3,600 727 1.616 282 756 2.021 7,639,462 79.622 180,887 195 298 195 In order that a comparison may be made with other years, we give below the totals at leading ports for six seasons. Receipts at— Ualvea'n, New 1904. Orleans MobUe Savannah Ohas'ton, . . dec. 172 600 72 1902. 1900. 1901. 16,605 2,664 194 2,409 1,693 2,893 20 18S 817 448 73 214 172 1,266 12 784 190 1899. 8,232 5,148 14,638 6,763 365 3.085 1,286 1,067 1,4G8 800 6 28 161 294 688 418 381 1,001 1,617 1,976 14.030 2,021 24,692 17,281 8,115 28,795 Wilm'ton Ac Norfolk N. News, Ac. 43 787 All others... wk. Tot. this 1903. 8,703 1,433 11 1,250 1,003 <Sso. 143 123 569 Since Sept. 1 7187,296 7839,462 7488,636 7552,647 6548,143 8449,012 The exports of to for the week ending this evening reach a total bales, of which 2,106 were to Groat Britain, Franc© and 2,089 to the rest of the Continent, Below 4 205 are the exports for the BxiporU trom— week and sinoe Sept. Week Ending Aug. 19 .190*. Barported to— Ortat Conti- 1 flrtfn.r''*"** iJalTeaton Pt-Arthur, Ac. New Urleani.. nent. From S«pt. Jotal Ortat Eranci Wtek. Britain. 062 1,102 UokllA Pensaoola 'iayannata-.... 310 310 Brxiniwlok.... 1908. 1908, to Am . 19, 1004 Exported to— 701.351 17,116 450 1, 1, 816,(51i' 333,238 Z6T,S12 37,880 16,308 63,302 18,691 181.037 6e.99kf 84.901 CharlMton.... Portaoral.... Oonti nent. Total. 720.859 1.831.382 78.8r, 90.439 e.5^87^ 1,758.925 119.898 H6.79I 131.787 B90.603 8i:7,089 7,924 92,195 43.06B 48.066 wiimlnirton... 73.ZS9 fl,85(' 884,4C>t< 314,e07 Norfolk N'port N.. 4a. 8,K98 300 6.U4 8.717 4.3S8 New York Boston 8altlinor« 462 402 1.409 1.409i 857 e76 932 PhiladalphU.. Han rraiu, Ao, Total Total. l»09-08. 8.118, a,»ee im' 265.496 110,601 Bs.ese 43,HO0 87 2l',587 3.fl«9 b,0.17 189,978 4hB 0^6 6101 118.702 40.866 00,061 4.160 48,646 46.768 46.741 S080 4,906 9,667,858 706.861 3.7B0,u69 rt,0i6,17e i.srn 6,lflfl t,H«H,B9' 786.1.^>" 8,091,M9H «.fl76.'>6i . . • . « ~ . THE CHRONICLE. 740 [Vol. Lxxix. In addition to above exports, otir telegrams to-night also give us the following amounts of cotton on shpboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for onr special use by Messrs. Lambert & Barrows, Produce Exchange Building. ON SHIPBOARD, NOT CLGARBD FOB— Leaving Aug. 19 at— Olhtr Oer- Coastwise. ^V.tSlJFr'nce many. For'gn Kew Orleans. Oalveston.. .. Sayannali.. .. Charleston . 1.2U9 690 "356 1.425 1.563 stock. Total. ©c> liTls 270 100 1,207 4,622 3,900 300 300 "6'7"5 ""67"5 New York.... Other porta bOH< 4,89 8,170 ' ««o 66' . Mobile Norfolk aob 20,1«2 ""800 '156 "306 Totall904.. 3,399 350 2.571 9,729 5P8 821 3,278 1.968 2,452 11,447 68.176 254 125 878 3.548 20,666 177.339 129,302 II 6,528 Speculation inco>ton for future delivery has been on a limited scale only. Outside interests have done comparatively little trading, and, exclusive of a local bull clique, regular operators have been light traders. The floctuatioas in prices have been within a comparatively narrow range and the nei charge from values ruling a week ago is only a few poinds. Early in the week there was an easier tendency to prices under limited selling, principally by scattered longs to liqui date their accounts Subsequently, however, there was a moderate upturn to prices, with local bull interests more aggressive. Crop deterioration was reported from some sec tions of Texas, and complaints of too much rain in som»parts of the cotten belt had a tendency to start some buying by bear interests to cover short sales. The movement of the new crop is not getting under way as early as was generally expected, and this was another fact that operated in favor of the market, particularly in view of the small remaining supply of old crop cotton. To-day there was a qaiet market During the morning prices advanced a few points on predictions of showers in the South, bat which were not wanted. The improvement, however, was not maintained. The clo8^ was steady, with prices unchanged to 5 points higher for the day. Cotton on the spot has been quiet but steady, closing at 10'65c. 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. c. 1-30 on Good Middling Tinged o. Even Fair Middling Fair 096 on Strict Mlddlli g Tinged... 06 off 0*62 on Middling Tinged. Strict Good Middling 12 off 0*44 on Strict Low Mid. Tinged ... Good Middling 34 off . . Low Midd.lng Low Middling 0-14 off Low Middling Tinged 050 0-38 off Strict Good Ord. Tinged 84 72 off Middling Stained Strict Good Ordinary 050 Ordinary. Low Good 1-OOoff Strict Mid. Stained... 1 06 1-50 Strict Good Mid. Tinged.. 0-30 on Low Middling Stained Strict 9« . off off off off off II this basis the official prices for a few of the grades for the past week Aug. 13 to Aug. 19— would be as follows. — UPLANDS. Sat. Jflon Good Ordinary. 950 9-66 Low Tae« \¥e4 Tb. 9-65 9 65 9-65 Frl. 9-65 1017 1012 10-27 10 17 10-27 10-27 1055 1050 10-85 10 55 10 85 106ft 10 99 10-94 li-09 10 99 111-09 1109 11 51 U-46 11-61 1151 |ll-61 1161 Middling.. Middling Good Middling. Middling Fair.. GULF. Sat. nion Tnes l¥e4 Th. Frl. 9-76 9-90 980 9-90 9 90 10 42 10-37 10-82 1042 10-5J 10 52 10-80 10-75 1090 10-80 10-90 10 90 li 24 11-19 il'3i 11 24 1134 111-34 11-76 11-71 11-86 11-76 11-86 I11-86 9-80 Good Ordinary. IjOw Middling.. Middling Gtood MIdaUiig. Middling Fair.. STAINED, Sat. Mon Tnes Wed Tb. Frl 9 00 915 905 915 9 15 1005 10-00 10-15 10-05 10-15 lO'lS Middling 10-16 10 31 1021 1031 10-31 Strict Low Middling Tinged... 1021 10 55 10-50 1065 1055 10-65 10 65 Gtood Middling Tinged Low Middling 9-06 for middling upland at New York on for each of the past 33 years have been as follows. 1896.... O. f5,g 1888.... H»4 1880 1904....C 10 65 C illli6 12-75 1887 l6->»b...... 70ie 9liie 1879 1903 \\^ 1886 1894 7 1878 12 1902 9 95,8 7B,s 1898 .. 1886....... 10% 1877 1901...... 8 1884 10 189a....„ 73i6 1876 1900 ICa 12% The quotations Aug. 14* , 1899 1898 1897 e^ia fi 8 1891 1890 1889 „, 7lbi8 lliSia ll^ie im 1888......103,6 1888 1881 MARKET AND .13I16 12H 1876 14»8 1874...... Ib^g 1873 ig'e 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 spots and futures closed on same days. Spot Market Olosbd. FCTURB8 Market Closbd. steady . 8teady wulei, 16 pt.8. aa steady Taesday Wednesday Quiet, 10 pt«. (ic tinlet TboTBday.. «4alflt, 10 pts. ad aolet Friday Dull <4alet........ SatTirday .. On1*t.-- Monday.... St'dy, 5 . . Total ... pts. dec. Sales of Spot & Contract. Ex- Oon- Con- port. s%im,p. tract. I « 445 445 1,621 8.276 ©© I ©© © II « II Id I 9 I I I « I S36 628 216 129 8.875 a© -jcii >JUi « I « © © © f I I «a© I I « I « I ©© *l I ©© 9 to to tc© tt 11 ka«4 CO 19 19 19 I 9 to© II II I 19 I I ^1 © 19 COCO QDQD MM »© ^^ ©a •i'j I 9 9 CO CD 1 CPICX ©«] 9 to to ' I to to 69 •J • I 9 19 .9 coco CD© I -j«j COM I to© <^© 00© ^ 9 9 QDQD ' ® i9 I to I I • 00 teco M>^ 00 OG M© CD© 9 9 ^S CD CO CO C^© ©-4 00 C<9 ^ I 1^ I 9 « M 9 toco obcD kS© 9 I 9 ©© 00 <3i^ 19 1^ • [ ^> ;Sg ' 9 ©CO ^ ©I cc 19 i9 |9 toco <l*4 ©to 19 I I « to I I ©« 00 •4«4 CO© ©M ©© O© MM M© ©© ©© ©© © ©© ©© a© ©a tccD MM acTi Wi^ «» ©o ©a I © © en 9 ' COO 00.4 >-00 C© I « toco ^00 a I CO© ©« I i 1-6 MC7 ob-i COl^ COCO ©© © ii obob ©a ©1^ ©^ © «» I I® Ota e© ©» I I ©^ ©Ob ©W toco ©© ©© Cb © CO Mill I t5c6 ODOd « I ©© den to© aO< I CD CO • cot-' II CO CO -o© aco -I OD «i->j © • o»c5i ccgo a A ©*j •jcJ" COOD « © 9 «» 00 QDQO ©© CO CO cJci I ©© o© ^o ob^ ©© ©© ©© ©© ©© o© u© ©© ©© toco «© ©© «© <DCD 00 9 I 9 o 9 I ' I • COCO M-J 'a • o> I 9 19 w © O * o (O © I ' I « © • 1*? « Ob iBB viBiuLR HUPPLT OF OoTTOif to-nlght, as made up o} able and telegraph, is ai follows. Foreign itocka, ae v^eW u the afloat, are this week's retorne, and consequently all oreign Signrei are bronght down to Thursday evening, ^t to make the total the complete Qgarei for to-nlght Aug. 19), we add Ihe Item of ezporti from the United States, lading In It the exports of Friday only. 1904. balet. 281.000 iioek at iiivwpool. at London. Stnek 28.000 .m^.. .....^ .,„ itoek at Manclieiter. ..^ ..~«> 20.000 Total Ureal ttrltaln Itook.' 829.000 ito«k at Hamburg....... ...^..^ 43.000 ttook at Bremen.... ........... «toflk at Antwerp ....... ..>... (took at Havre.... .......... Itook at UatBeiUeB...^ , .... ttoflk at Barcelona......... itoek at Genoa . •took at Trieste . .....^ 1903. 1002. 290.000 18 000 31,000 839,000 34 000 84,000 4.000 79,000 476 000 4.000 23,000 8000 2000 181.000 15.000 157,000 18.000 79.622 60,093 1,064 611,779 198,000 28.000 163,000 24,000 180 8S7 13,173 337,000 835,000 185,000 60.000 14^.968 55.454 2''6,769 100.000 28,000 5,000 113 000 92.000 18.000 3.000 83,000 98,000 13.000 89,000 21.000 111.000 10,000 80,000 4 000 31,000 497 000 20 000 69.000 1901. 446,000 10.000 456,000 19,000 65 000 3000 3.000 93,000 3.000 11,000 30,000 24,000 10 000 19000 14,000 21.000 18,000 12 000 9.000 15,200 Total Continental stocks.. 870,000 246,000 235,000 223,200 r«ir,»i Knropean 8tooKt....~ 599.000 58^.000 732,000 699,300 61.000 98.000 30 000 36.000 India cotton (float tor Knrope 60 000 110,000 A.mer. cotton *no»tfotB!'rope. 18.000 24,000 Brazll.Ac., %flt.Ior E*pe 13.000 13.000 14,000 16,000 EKypt, St'iok In Alexandria, Egypt... 65.000 4^000 67.000 5.000 Stock in Bcimbay, India....... 361.000 436,000 344.000 391,000 Stock In ULited -states ports.. 79 622 180,837 149,968 266.759 Stooli In U. 8. interior towns.. 13.173 60.093 55.464 139.801 1.064 3 313 United States exports to-day. 1.523 4.205 lvj»ai 'tslblesnpply 1 257,779 1,856,583 1,434.627 1,718,572 01 tke above, totals oi American and otber descriptions are as follows: 88000 8'<.000 Amtritan— jWerpooi stock bales. Manoliester stock....... jontlnenial stocks............. imerlcan afloat for Karopn... Jolted States stock. ...... jnltedStatesinterloT stocks. 7nlted Statesezport to-day. Total American...... ......' Matt /vMliaH, Bratil, «ie.— <iTer pool stock . ..... ...... ....... u>nAon Mtock .............. Manchester stock oUtlueUiaiBbUCKB.... ......... adla afloat lor Borope ....... (STPt. BraslI, Ac, afloat...... 61000 1.523 608.583 13.000 5000 65.000 436,000 •took tn Bombay, India........ 361,000 Total Kast India, *e. ...... 746,000 748.000 511,779 608.583 Total Amerloan, 1,257,779 1,366,583 Total risible supply >tiooK fn Alexandria, Egypt... Upland, Llverpovji.. MddllneUpland, New York.. «irypt Good Brown, Liverpool era f. Bough Good, Liverpool 7iB,8d. 6-70d. 12-75o. 9i6,gd. 10-50d. 9 00d. •roaoh Vine, Livexpool 6ii,6<l (t<t<*v«iit (}ood. Lffverp'to ... 6-12d. I0 65e. 6Bied S'^el- 5''ied 173,000 110.000 139,801 3,31> 4.205 1,017,878 841,627 "70206 88,000 30,000 16,000 14,000 67,000 46.000 841.000 391.000 693 000 701,200 841,627 1.017,878 1,4^4.627 1,718,578 '50,000 427sad. 9o. 7i3,«d. 7d. 4»i6d. 4»i6d. 438a. 8389. 6iijd. 70. ^^US* 4^b<x. week have been 20,000 bales. ly CJontinental imports past show a decrease from last week The above 1904 98,804 bales from 1903, a decrease of 176,b48 balee from 1902 and a ioes of 460,793 bales from 1901 figtires for of 104 354 bales, a decline oi .... ©CO 00 13 I II II CO© ©© ©© ©© II I . © 05© I 9 ' CO© I .9 10 tlddllnir Total. 1,621 236 628 216 129 ** MGO .i On • I Oi Oi II I 2,715 d OOI-' I 3 4 29.234 4,490 700 Total 1903.. Total 1903.. I ebCA >.1U> 26» 1,950 700 . O tjt^ © ©« CO I I ac^ ©OD . . AVG. THE CHRONICLE. 20, 1904.) Towns Interior At the .. movement— that the tht is the shipments for the receipts for the week and smce Sept. 1, week and t&e stocks to-night, and the same items for the 741 corresponding period of 1903-03—is set out in detail below. tttTiT"^"^'-* ww M — *^ tTw .a? trsp 111 m ix CLOSING QUOTATIONS FOB MIDDLING COTTON Week ending 2 Q o Q 5 r w K Q b»'(f p» > r a cc g a » * prS p a o Poo 355=3* A%tg. o 19. Sat'day. £ 2 a? a* d O O |-;P o o s o «< n o »(3 O w 00 p< 1012 10^4 1012 lOk 10Ti« 1038 10T,6 1038 107,6 1038 10 10 10 10 10 10 Savannah 1038 1038 106,6 lOBje 1038 103e lOSs 10»fl lOifl lOSg lOBg 10'55 11 00 10-= 10 65 11 00 10-90 1058 1100 1055 n-00 1090 105s 1055 - . . 11 '00 . ma. B?" 10-80 lOSs 10i« Augusta..... • Memphis.... St. Of < • Jk' 1 ! i(^' w; "Jo IP- o o toi-'Qol M *J ^ »'; 0» lOK) Little Rock.. • J^-i-iOoJrf^^Jll^O ,*-• to t •"• ."*». *«. A»s "^ .V **. ^« ."^ j"^ .r^. ("^ i-v- 'r\ rn /v> /*\ ^"1 j.-^ K* nri m b."! ^^ k"i /*v *ti O OOKX-"- 00 to • OD »• <ip"0D W QD^^ ?5'^ tOU'l^XO^i^O'U'^VOOOCO « © OOl 05 -r- t0"'>O'M ^ OStOO <1W»J50 p OMOOOMtOWCOi^ 05 ; WMH-HH*-'' CO Closes OOtStf'.W'-' 1 cl tSM; • 03' OOO- kOGD MCKO) to to ?r wtoi ^> Si**' l^03O<C0C0aul0aC0 33kSr» Dbc'bek— Range . MW O Closing. aoat9C9too<M->ioo3to©H'^too<>3if>'C009a6*4i^if^05aooor->05*4r"^ao Ran^e Closmg.. : »; © © »-" oj! tO" cj.; «! w' M CO ^* 10 10 9 . 1038 Louisville Montgomery.. 10i« Nashville lOSs Natchez Raleigh Shreveport.. 9-42- -47| 9-32--41 9-43- •44 9-40--41 9-37--53 9-49--50 9-40--44 9-41--42 9-30--39 9-38--39 9-359-48- 9-459-46- 9-35--44 9-40--56 9-3 3.-48 9-42--43 9-44 •55 9-48 •49 m; • w; o! <i! 05 «-• 03; to : : 00- . *« ; on© o; toifk>- t-'i^,! M*40Ci«0' toaOH'too- ^ „ ts» w o>aa<ir->-> Spot... Easy. Optlonfl. Qnlet. W BATHER M 10i« 1014 91I16 9-36-46 9-42 ; 9-47- •54 9-51- 52 9-41--42 9-47 •43 9-45--52 9-49--50 9-45--50 9-46--48 9-43--61 9-52--53 9-52- 58 9-54- 55 •55 9-43-45, 9-53- -55 Tons— . : 10 Jan* ART— MMMMi^-^->i(>'j>o>oo>4a©o<ooh^i^w<o^'X>o;©:^ic^->]Ui03too:o>^ M 10 10% 1016- 18 1018--25 10-20--25;10 30-40 10-38--40 10 18 10-24--25 10 25 10-38--40 Closmg.. 1015--20 1017- •20 10-20 Sept. Range.. 9-62--69 9-50 59 954 -71 9-54- 63| 960--72: 9 65- 72 Closing.. 9-63--64 958-59 9-68--69 9-58--60 9-65--67 9-67- -68 OCTOB'B— Runge .. •a OS 05 00 C i^.*.l-iOC5*'l-'m05lf^50<lO03;J<l Wtt^00J-'J^Mas©Q0 3D_JO«l to 05 j3 to CO oo 03 '-a-' ©b" 03 boc* 0< 03 "b«»l 00 Oo'isTp'b Oi 05 tc"<D a •« OD 1038 1038 IOBb Range Closing.. izi w 1014 1038 AnODST— •4;^OOAC^03QDtOOV<OJO >4 to wm P' )->tatO00t0l->C0CO(OI-'l->O3CJ'CO31^l«J-3CaM MO 10 90 lOSg 10i« 1038 1038 Sal'day, Monday, Tuesday, Wed'dav, Thursd'y Frxday, Aug. 13. Aug. 15. Aug. 16. Aug. 17. Aug. 1 8. Aug. 19. ^ $ O 11-00 highest, lowest and closing quotations for leading options in the Wew Orleans cotton market the past week have been as follows. i->w«a9i^o3zuiif^>j.-OOcoo«taucv09(ntai-'0>cncoaCN03 to* 03! 10 65 lOia 1038 1038 lOifl 8% Orleans Option Market. — The H 03 03 Ol t^'cD v>', lOSa New Ol CrWClCQO, OJOtO; ~JMW »: uiOtOOOtfo ^OO' MOiOi' . 10 Oolumbus.MlfeS OJ. u\', 10 Atlanta Columbus, Ga. ("^i V9 kO 1038 10-80 10 »8 The closing quotations to-day (Friday) at other important Southern markets were as follows. - «3w5^3M(»OSO5-Jrf>-tf^«P<ip»p0^t^jJW_O0»U'--)®pW-ia!p_JDQO 'f^* -•*— " — 1075 10»8 10>a 1038 1038 10S!8 Louis.... Houston M- co; *J Monday. Tuesday. Wed'day. Thursd'y Friday. 1012 1038 Charleston Wilmington. Norfolk Boston Baltimore. Phiiadelph'a * ON— Galveston. New Orleans Mobile .... . * — w at Other Markets. Quotations for Middling Cott Below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week. III vices Since aging Quiet. Quiet. Firm. IVy Bt'dy Steady. Finn. Quiet. Quiet. Steady. Qolet. Reports by Telegraph.— Our telegraphic ad- from the Sonth this evening denote that on the whole -J •ICl^ 05 05t0^l->«); |K^>4 C005 050503 t005O3<e the weather baa been more favorable dnricg the week, al« <005w tx)f^a>i^ij<»- c;<coa5t3oo©l^o3©l^' ihosva CO The above totals show that the interior stocks have de- though in some sections of the Qulf States there is complaint creased during the week 4,393 bales, and are to night 46,920 of too mnch moisture. As a rnle, however, the rainfall haa bales more than same period last year. The receipts at all the not been excessive. Damage by boll-worms and boll-weevils towns have been 13,^33 bales more than same week last year. >s claimed in portions of Texas, and from districts of Alabama Otbrlajid Movement for the Week and Since Sept. 1.— and Mississippi there are reports of injury by rain. In ArWe give below a statement showing the overland movement kansas and Tennessee and along the Atlantic conditions hare for the week and since 8ept. 1, as made up from telegraphic in the main been satisfactory. The results for the week ending reports Friday night. (?aive«ion, Teajos.— Reports of damage by boll weevil and Aug. 19 and since Sept. 1 in the last two years are as follows. worms are confirmed. We have bad rain on three days of the past week, the rainfall being seventy- eight hundredths of 1902-03. 1903-04. an inch. The thermometer has ranged from 72 to 87, aver: : - «: ~* «. mk'^ "ifk loi-ico ; to i-'i-' ' ; oofo f* i-i Augtul 19. Week. eiiimped— Via St, lioule Via Cairo 518,064 255,227 398 488 443 130 13.731 122,485 32,350 196,042 "43 2,923 1.137.899 851 1,862 Via Rock Island Via Louisville Via Cinoinnati ......> Via other roates, &o.... ........ Total fiTOSB overland Deduct shipments— Overland to N. Y., Boston, Ac. Between interior 97,530 31,427 10i,420 i',286 60,102 81,742 1,583 231,377 1,974 342,393 1^340 906.522 towns Leavlni? total net overland". Including t movement by rail to 688 tl.l23 1,105,688 Canada, Deduction greater than overland. The foregoing shows that the week's net overland movemen t this year has been 1,340 bales, against bales for the week in 1903, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 199, 166 bales. 1902-03. 1903-04. In Sight and Spinners' „ ""««*• Takings. , Receipts at ports to Auk. 19 Net overland to Aug. 19 Southern consumption Aug. 19.. Since 2,021 7 639,462 Jl,123 1.106.688 14,03017,1 37,296^ I Total marketed Interior stocks in excess Came Into sight during week. Total in sight Aug. 19 Since Sept 1. Week. Sept. 1. 1.310 906,^22 20,000 2,018,000 30,000 2 003 000 35,370 100618 8 *4,392 48,491 30,89'< 30,978 29,458 •1,440 Pari*, Texas. — 800 23 760 Inland, &o., from South Total to be deducted.......... "410 H 753l.'i0 149,905 10110309 10703245 North, spinners' tah'gH to Aug. 19 10,094 2,120,951 * Decrease during week. 1 Less than Sept. 1. 10,051 2,097.461 Deduction. the week, to the extent of thirty-four hundredths of an inch. The thermometer has averaged 88, the highest being 96 and the lowest 70. Corpus Christi, Teajos.— Rain has fallen on two days of the past week, the rainfall reaching ten hundredths of an inch. The thermometer has averaged 80, ranging from 74 to 86. Cuero, Texas.— We have had rain on two days of the past week, to the extent of fifteen hundredths of an inch. The theimometer has ranged irom 7i to 96, averaging 84. Dallas, Texas.— There has been rain on one day of the week, the rainfall reaching twenty hundredths of an inch. Average thermometer 83, highest 98 and lowes 68. Henrietta, T<a;as.— Tnere has been rain on one day the past week, to an inappreciable extent. The therm -m^ter haa averaged 85, the highest being 100 and the lowest 69. Huntsville, Texas— It has rained on two days during the week, the rainfall bilng one inch and thirty-two hnudreilths. The thermometer has averaged 82, ranging from 67 to 96. Kerrvilte, Texas.— There haa been no rain during the week. The thermometer has ranged from 64 to 94, averaging 79. Lampasas, Texas.— Rxia has fallen on one day of the week to an inappreciable extent. Average thermometer 81, highand lowes: 66. Longview, 7eaj«.— There has been rain on one day daring the Week, to the extent of three hundredths of au iacb. The thermometer has averaged 81, the highest being 95 and the lowest 67. Palestine, Texas.— R>i\n has fallen on two days of the past week, the rainlall reaching five hundredths of an inch. The thermometer has averaged 79, rangtng from 68 to 90. est 95 Movement Week— 1902 Aug. 22. 1901— Aug. 23 1900- Aug. 24 1899-Aug. 25 t into sight in previous years. Bales. Kl,5"4 53,135 37,848 69,272 Since Sept. 1— 1901 03 -Aug. 22 IPOO-Cl-Aug iZ 1899-00- Aug. 24 1898-99— Aug. 26 80. — We have had no rain during the past week. The thermometer has ranged from 67 to loO, averaging 84. San Antonio, Texas. There has been no rain during the 748.259 208,404 week. Average thermometer 82, highest 94 and lowest 70. 29,eo.=> Weatherford, Teaas.-— There has been no rain the past 162,472 37,101 week. The thermometer has averaged 85, the highest being 262,240 99 and the lowest 70. shilene, Texas.— We have had no rain the past week. 1,448,081 Average thermometer 83 highest 94, lowest 70. 210,549 Brenham, Texas.— There has been rain on two days during Sept. 1. Kales. 10.451.483 10 400.917 9.1.'i4,^2l 11,233,723 - . THE CHRONICLE. 42 Shreveport, Louisiana.— We have had rain on two days of the past week, the rainfall being fifty hnndredtha of an inch. The the^mome^er has ranged from 69 to 93, averaging 82. New Or leana, Louisiana.— It has been dry all the week. The thermometer has averaged 83. Leland, Mississippi.— CropB have been laid by in bad conThere has been no rain the past week. The therdition. mometer has averaged 77, the highest being 92 and the lowest 64. Columbus, Mississippi, Dry weather has prevailed all the week. Average thermometer 72, highest 88 and lowest 58. Vtck,^burg, Mississippi. We hear considerable complaint of rust. It ha? rained on one day of the week, the precipitation reaching twenty-five hundredths of an inch. The thermometer has averaged 81, ranging from 70 to 91. Little Rock, Arkansas.— The dry weather has enabled farmers to clean out the grass, and it has also done great have had rain on one day the past good to tbe plant. week, to the extent of six hundredths of an inch. Average thermometer 82, highest 94, loweft 70. Helena, Arkan.sas.—We hear some complaints of rust, blight and shedding, There has been rain on one day during the week, the rainfall being twenty-five hundredths of an inch. The thermometer has averaged 80 4, the highest being 92 and the lowest 74. Nashville, Tennessee.— Crop conditions are quite favorable in this section. It has rained on one day during the week, the rainfall being eighteen hundredths of an inch. The thermometer has ranged from 68 to 95, averaging 82. Memphis, Tennessee.— The outlook for cotton is very promising. Open bolls are quite generally reported. There has been rain on one day during the week, to the extent of thirty-seven hundredths of an inch, but heavier in the im mediate vicinity. The thermometer has ranged from 68 2 to 91 "1, averaging 80-3. Mobile, Alabama. —The weather has been more favorable, with scattered rains in the interior. There is, however, some complaint of rust and shedding. Picking has commenoed, and will become general in some sections next week. First new bale received August 14, against August 24 last year. have had rain on four days the past week, to the extent or fifty-one hundredths of an inch. Average thermometer 75, highest 93, lowest 68. Montgomery, Alabama, Frequent rains have increasing bad effect on cotton in most places, but others report condition good. We have had rain on three days of the past week, tbe rainfall reaching one inch and eighty five hundredths. The thermometer has averaged 80, the highest being 92 and the lowest 67. Selma, Alabama,— Com-plaintB of damage by excessive rains and rust and shedding are quite general. There has been rain on four days during the week, the precipitation reaching one inch and eighty hundredths, Tne thermometer has averagsd 82, ranging from 68 to 96, Madison, Florida,— It has rained on three days during the week, the rainfall being one inch and fifty hundredths. The thermome«-er has ranged from 66 to 90, averaging 78. Smyrna, Georgia There has been light rain on three days during the week, the rainfall aggregating twenty-five hundredths. The thermometer has averaged 76, ranging from 64 to 86. Augusta, Georgia. We have had rain on one day of the past week, the precipitation being fifty-seven hundredths of an inch Average thermometer 82, highest 95 and lowest 68 Savannah, Georgia. We have had rain on six days during the week, the precipitation being ninety nine hundredths of an inch. The thermometer has averaged 80, the highest being 93 and the lowest 69. Stateburg, South Carolina,— It has rained on three days of the week, the rainfall reaching one inch and seventy-seven Average thermometer 78, highest 90, lowhundredths. — — [Vol. Lxxix. Cotton Crop Cibcular.— Oar Annual Cotton Crop Review form about Wednesday, Sept. 7. will be ready in circular desiring the circular in quantities, with their business card printed thereon, should send in their orders as soon as possible, to ensure early delivery. Parties India Cotton Movement from all Ports.—The receipts of cotton at Bombay and the shipments from all India ports for the week ending Aug. ly and for the season from Sept. 1 to Ang. 18 for three years have been as follows. _, — — — . — est 65. Charleston, South Carolina,— We have had rain on five days of tbe past week, the rainfall reaching twenty-seven hundredths of an inch. The thermometer has ranged from 71 to 91, averaging 81. Charlotte, North CaroKna.— Conditions excellent. There has been rain during the week, to the extent of seventy three hundredths of an inch. The thermometer has averaged 78, ranging from 65 to 90. Tlie following statement we have also received by telegraph, showing the height of the rivers at the points named, at 8 A. M. Aug. 19, 1904, and Aug. 21, 1903. 1 MempblB NaahvUle Shreveport VlokBburg Above zero of gauge. Above zero of gauge. Above zero of gauge. Above zero of gauge. Above zero of gauge. Alabama Cotton Crop —Messrs. Marks & Gayle, of Ala., in a letter to us dated Aug. 12 state: Since oar last advloe we are glad to report for this, the Alabama territory, moBi BatUfaotory progress In the development of the cotton crop. Until the reoeut rains be^jan the outlook was never better, and we are not yet prepared to say thnt the r-ilus have done muoh If any damage, althongh planter! are tilled with apprahenttton us to the barm a contlnaatloo of wet weather will work. The pronounced effect of the rain Is to delay the expected early movement of the crop. Just how muoh this delay will amount to will depend upon weather ooDdUlons for the Immediate future. Owing to the excellent growing weather for the now maturlUK crop, we feel aaaured that the style and Btaple will be nnasually good. Montgomery, , Sept. 1. I I 1901-02. „ ^^^- Since Since , Sept. 1. Sept. 1. I Bombay. 6.000 2,472.000 7.000 2,126.000 For 5,000!2,127,000 Since September the Week. 1. Exports from— Great Britain. Oreat Britain. Oontinent. Total. 2,000 16,000 4,000 2,000 16,000 4,000 94,000 77,000 9,000 863,000 920,000 495,000 957.00O 997,000 504 000 1,000 Continent. Total. Bombay— 1P03-04.. 1902 03.. ..••• 1901-02 Calcutta . ...... ...... 2,00(1 1,000 1,0^0 2,000 1,000 4,000 5,000 3.000 49,000 50,000 49,000 53,000 55,000 52,00O 1,000 9,000 1,000 10,000 l.COO 13,000 9,000 3,000 49,000 29,000 16,000 62,000 38,000 1»,000 23,000 37,000 5,000 296,000 191,000 125,000 319,000 228.000 130,000 190304.. 1902-03.. 1901-02.. Madras 1903-04.. 1902-03.. ...... 190102.. All others— 1903-04.. 1902-03.. 1901-02.. 1,000 4,000 10,000 8,000 4,000 11,000 12,000 4,000 Total aU— 1903-04.. 1902-03 . 1901-02.. 2,000 4,000 22,000 27,000 9.000 24,000 31,000 9,000 134 000 1,957.000 1,391,000 128,000 1,190,000 1,318,000 •-85,000 20,000 705,000 Aoocrding to the foregoing, Bombay appears to show an increase compared with last year in the week's receipts of 1,000 bales. Exports from all India ports record a loss of 7,000 bales during the week and since Sept. 1 show an increase of 73,000 bales. Alexandria Receipts and Shipments of Cotton.— Through arrangements we made with Messrs. Choremi, Benachi & Co., of Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding week of the previous two years. 1903-04. ^''"^SuVJ'll^^^'' 1902-03. 1901-02. 5,74i'607 1,300 6,469.257 Rereipts (oantars*)- This week Since Sept. 1.... 500 Since This week. Sept. 1. Exports (bales)— To To To To * 6.461,932 ... Liverpool ! j ThU Sinie week. Sept. 1. .•^3.162 32H.018 405 84,130 2,500 791,590 3,431 767.374 America Total exports A oantar Is 98 lbs. Since week. Sept. 1. 1,516 208,«08 146,418 241,290 137,461 359,677 2,500 ...... Manchester Continent "886 i",5V6 199.461 123,244 428.5:^3 104,215 886 855,44a This statement shows that the receipts for the week ending 17 were 500 cantars and the foreign shipments Aug. 2,50 J bales. Manchester Market.— Our report received by cable to-night from Manchester states that the market continues quiet for yarns and steady for shirtings Stocks of both yarn and eoods are accumulHtiog. give the prices for co-day below and leave those for previous weeks of this and last year for comparison. We 1904. 32s Cop. TSoist. d. 1903. 8I4 lbs. Snirt- Oott'n ings, common Mid. d. s. d. s. °> 32s Oop. d. d. 6-72 6-32 712 6-18 1013 9 8H d. d. 8H ®93,e ®9i« los Mid. to finest. Uplds B. i d. 9 5 10 'a>9ie 5 10 7»« 602 815i6®91fl 5 w 7i« 6-10 9 ®9B8 5 9 7Ja 6-12 8i6xfli9i9 3 8 9 9 Shirt-\ Oott'n inus. co7nmon\ Tieist. Uplds to fitiest. J'yl5 9 « 934 5 11 ® 8 " 22 8''8® 958 5 10>i®8 " 29 y 3>8 Aug.5 81*® 914 5 8 -3)8 •' 12 8i2» 9J4 5 8 ®8 " 19 838® 9^8 5 7i2®9 1 New Orleans „ Week. Since , Week. We We 1902-03. 1908-04. Beceipt* ut- s. d. ®8 ®8 6 '38 dS 71^ '7^ 71a 'a>8 6 ®8 7ifl Government Weekly Cotton Report.— Mr, James Berry» Chief of the Climate and Crop Division of the United States Weather Bureau, made public on Tuesday the telegraphic reports on the crops in the Southern States for the week ending Ang. 15, summarizing them as follows: A more or less decided deterioration in cotton Is Indicated over much the greater part of the cotton beU. With the exception of Oklaof sheddin*; are received from every State, and rotof the lower bolls la reported from portions of the central and ting western districts. Reports of too rank growth, however, are much homa, complaints numerous than in the preceding week, but continue from portions of the oeotral and eastern districts. BoU-weevUs are causing much damage in southwestern, central, eastern and coast, distric:s of Texas, and are proving dtistruotlve up to the northern tier of counties. In that State, however, the plant and fields are In good condition. In Oklahoma and Indian terti:orles, Missouri and portions of Arkansas, cotton is doing well. Picking Is general only in Southern Texas, bat has begun In the southern portion of the eastern dlatrlots, where as a rule very little is open. le»8 . AUG. - ) We have received this Sea Island Cotton Movement.— (Friday) evening by telegraph from the various ports tha details of the Sea Island cotton movement for tbe week The receipts for the week ending tonight (Aug, 19) and since Sept. 1, 1903, the stocks to-night and the same items for the corresponding periods of 1902-03, are as follows1902-03. 1903-04. Receipts to Aug. 19. 105 A.O..mmmm •••• 105 Total 11 48,990 9,357 17,494 n 75,841 FarnAT/tread. bales, of 1903. 74,445 4,970 12,055 94 13,07i< 3.630 2,045 99,572 8,694 2,K22 40 737 to Bremen, and the amount forFrance and warded to Northern mills has been 335 bales. Below are the to exports for the we^k and sigce Sept. 1 in 1903-4 and 1902 Week Ending Aug. 19 Since Sept. 1,1903. Xorth'n Exports from— Oreat Fr'nee _ Oreat Fr'nee Brit'n. Total. Brit'n. <Be. Savannah. 18,735 <6c. , 8. 3,227 13,108 Florida, &o. 9,008 1,687 9,85^ 1,667 1 1 24,411 7,132 31,543 325 35,645 144,271 9.668 53,939 55 19.408 York.. Boston Phlladelp'a Total Yds. 402.649 376,868 418,678 17,866 1902-03 1008-04 1902-03 Yd$. 444,088 424,934 84,289 80.654 83,944 269.647 299,997 101.521 18,170 Tot.l8t quar 47.175 51.110 1.196,496 1,311,291 322,472 848.887 January 16,387 17.264 February.... 17.016 16,647 March 14,063 17,480 Tot. 2d quar. 47,44f> 94,620 102.851 2,573,934 8.736.1-9 478,502 614,364 . mos 13,707 442.269 458,143 481.478 437,818 85,167 89,491 81,879 90,468 95.44^ 106,197 103.638 107.888 61,241 1,377.439 1,424,88*' 366,080 266,477 303,475 316.718 678.122 616,715 89,713 88.27S 106.50^ Apnl 14,649 406,381 418,120 75,164 77.748 May 13,598 419,04V< 13,379 74,683 76,003 T7,91l- June 408.762 408,903 66,86( 89,38' 94,206 94,729 79,793 Tot. Sd quar 41,52." 1.217.045 1,196,691' 825,860 322,611 267,873 868.787 Total 9 mos. ISa.Ub 3.790.979 8.982.87e 704.852 736.875 840,496 886.442 101,129 106.685 78W 81,569 80,844 474.S22 13.891 July Qaotations Aug. 19 at Savannah.— For Qeorgias, extra fine 20c.; choice, 22@23c.; fancy, 25c. Charleston for Carolinas.- Fine, 27c. ; fully fine, 28c. , nom'l_ Cbop of Bengal.— i?'ira< Foreaast, Seanon 1904.— Under date of Calcutt*, Jnl? 13, the Department of Land Records and Agriculture issued the first forecast of tbe jute crop of Bengal for the season of 1904, wbich was in part as follows: Betnrna cover 26 districts In Bengal up to the end of the first week In July, the arpa under jute In the remaining districts belner InslRnlflcant. About two-thlrdBOI the crop 18 grown in Eastern Bengal (My menslngb, Tlppera, Dacca, Pabna, R»j3habia and Bogra districts), and one-quarter In Northern Bengal (Rttngpur, DlnaJ pur and Jalpalenrl distrlotS). The dlstrlets of Mymenslngh, Tlppera and Bangpur, in which nearly halt the jute crop Is grown, were visited with very heavy rains In the early part of the season, and this has nffeoted prospects. From the other Important districts, especially Farld pur and Dacca, the reports of the weather have generally been favorable, but weeding has b'^en hindered by heavy rain In Dlnajpur, Bogra and JesaoreThere Is a large increase In the area nnder jute this year, viz.: 2,793,400, as against an area estimated In the final forecast of 1903 at 2,470,000. Oollectorb' estimates on the prospects work out to 81 per cent. Allowing for underestimates, e. y.: Farldpur returns JOOp. c, bat Is believed to have a bumper crop, and provided no unfavorable conditions develop the proBpeots are now of a crop amounting to 87i« JxjTE annap) in the area sown. This means not less than 93% p. o. what has been known In the last few years as a normal p. 0. (14 101,644 98.726 99,627 88,933 86,1 91 359,630 482.711 90.2321 91,620 Stooklnss and socks Sandryarticles Total exports of cotton manufactures. Total 1902 S 1902-03 ~l.b~ Lbs. 90.146 83,60» 95,999 18.072 16,683 NoTomber. December 1803-04 LbM Lbs. 74,848 69,795 77,829 Mills, 325 19,310 6,285 20,020 1903-Oi Lbs. Lb}. 16,298 October Total 6 _. , Since Weelc. ggpti^ , "otal. Oliarl't'n.&o New 1903-04 1902-03 . this evening reach a total bales were to Great Britain, which 7ota2o/AII. OlOth. 000« omttted. The exports for the week ending of 743 iSZPOBTS OF (JOTTON QOOD8 FROM (iBEAl BRITAIN.- BelOW we give the exports of cotton yarn, goods, &c,, from Great Britain for the month of July and since October 1 in 1908-04 and 1902-03, as compiled by us from the British Board It will be noticed that we have reduced of Trade returns. the movement all to pounds. Stock. Since This Since This week. Sept. 1. week. Sept. 1. 1904. 4o Florida, . . THE CHRONICLE. 20, 1904.J f^ti a.r lAfltiOn . (15 annas) of crop. Egyptian Crop.— Messrs. Choremi, Benachi & Co. of Boston and Alexandria, Egypt, write, under date of July 30, 705 976,976 1.022,676 The foregoing shows that there has been exported f rono the United Kingdom during the ten months 976,976,000 lbs. of manufactured cotton, against 1,022,676,000 lbs. last year, or a decrease of 45,700,000 lbs. further matter of interest is the destination of these exports, and we have therefore prepared the following A statements, showing the amounts taken by the principal countries during July and since October 1 in each of the last three years. BXPOBTB OF PIBOE OOOD8 AND TABNS TO PRINCIPAL COUMTBIEB IK JOLT AND FBOM OCTOBEB 1 TO JULY July. Piece Qoois—Tards, (000* omitted.) 1904. Oct. 1 to 1908 1903. 1903-04 Bait Indlei 832,181 208.66B 168,087 rurkey. Bgjpt and Africa... 71,262 80,316 76.616 "^hlnaand Japan Borope (except Turkey) south America North America 27,3iJl ]8,4e6 61.354 87,843 86.196 All other oonntrlei 57.63* 19,870 60.862 81.491 86,9b3 31. July 1903-U3 31. 1901-03 1,939.586 1,9R7,8S6 l,l'2£,C88 61,3Hl 21.771: 44,21»' 23.8H8 44.001 648.618 884.873 839,7e8 484,807 263,880 318,864 787,»'85 484.636 233.H24 183.426 262,230 805,799 772,464 646,870 260.504 334,082 247.930 ii47,458 474,628 482,711 188,943 4.965,602 4.414,762 4,621.380 £5,528 £6.207 ii4,679 £48,261 *46,S97 £46,669 Total yards. Total Talue. Tarns— Lbt. (000* omitted.) Holland ulermany oth. Europe (except Turkey) Bast Indies Ohlnaand Japan Turkey and Bgypt 9,226 1,786 1,612 2,107 24.491 2,91'^ i.ess 2,061 1,514 a.oos 2,e2.H 18.390 81.869 196 1,424 1,912 712 3=8 1,1<9J 1,26/ 1.791 12 384 16,642 2,072 2,08' 32,(168 28.669 20.98B 20,8n4 20,161 24.419 23.635 26,1 S4 27,7l'8 6,426 17,971 18,872 10.661 1M,406 as follows: 1.0ii7 15,270 1,490 All other oomntriei There are many rumors of damage to the crop by worms circulating 141.246 128,081 188,871 12.201 10,998 12,195 Total lbs at present, but these, we don't think, should be taken to the letter. £84 £649 £672 £7.100 Jkll.171 i.a.886 Total ralue. There is no doubt that the worm is pretty well general all over the cotton area and that some lands have really suffered through th»m, but JuTE Butts, Bagging, &c There has been but little dothe damage Is by no meant general, and most of the pesHlmUtlo reports must be couBldered exaggerated. We have sent our experts on a tour ing in jute bntts durine the weeR at unchanged prices, viz.: of inepeoilon. so that ihey might see for themselves and report, and fi^c. for 1% \hi. and 6^c. for 2 lbs., standard gauge. Jute the news we have so far had from them Is by no means as dlequieting butts continue dull at 13^(31^0. for paper quality and 2@ as some reports would make us believe. There is a small peroentace 2J^c. for bagging quality. of lauds which have had the bulk of their first picking destroyed, but these are only here and there, anrl cannot be taken as a criterion lor South Carolina's First Bale.—The first bale of the the whole of the crop. The weather Is Just now warm and favorable to the plant, and, although the nights are rather damp, we are of the South Carolina cotton crop of 1904-05 reached Chivrleston, opinion that the worm has decreased somewhat during the past week. August 18, from Bamberg, S, C. Last .year the first South If the worm still exists In quautlty during Ansust and foirgy nights Carolina bale reached Augusta, Ga., on August 13. set lu. the prospects of the crop will really suffer, buo as things are now, we think alarmist rumors are premature. Shipping News. As shown on a previous page, the — — September Cotton Report.— Arnouncement the Department uf Agriculture as follows: is made by Owing to the fact that September 8, Saturday, has been declared a holiday by a large number of the commercial organizations of the country, and that Monday, Heptemher 5, Is a legal holiday, the September cotton report of this Bureau will be Issued at :l.i p. m.. Frl day, Ueptember 2, Instead of at 12 noon ou the 3d of the mouth, as Is i usual. TuE Following are the Gross Receipts of Cotton at York, Boston, Philadelphia and Baltimore for the past New week, and since Sept. 1, Nkw York. 1903. Philadelph'a Boston. Baltimore. Receipts This week. from— N. Orleans... Since Sept. 1. 1,6:3 213,230 Texas 11.7 Savann'h 4c Mobile ... 833 02 463.17 163.046 . Florida Bo. Carolina No. Carolina Virginia North, ports . . Tenn.. &o... Foreign ToUl Last rear.... 205 Thi$ .Since Thi» week,. .Sept. 1. week. Since Sept. 1. 'i7li» Since week. Sej>(.l. 16 97,462 920 2 ',228 27.582 7,019 168 79.0:i7 17,149 143,888 10,763 Aug. 10—Steamer Steamers Buxonla, 502; WlnUredlan. 807 Baltihobb— loLlrerpool Aug. 12—8tr. Tfrnnlemore. Tost. Petereburg - Aug. 1-Bteamer Arkansas, 675 2ft7.... 20.077 13S 14,661 288 8 ',614 66.860 8,459 1.181.077 e,128 700,249 R4H 667,.1M0 101.018 .10,640 18'- 189,880 1,082 1,567 27 68,821 e7.t»l« 2-B 185,460 •460 20 682 100 210 1.409 257 675 4,205 365 25 82 632 20 4!i0 Savannah Boston 13f 365 68 25 The particulars of the foregoing shipments lor the week N. Orleans. 612 1.8?5 1.28^.438 To Antwerp, per steamer Zeeland, 62 To Qenoa, per steamer KoenlKen L<nUe (additional). 25 New ORLEANS To MancheBter- Aug. 18— ftr. Knutsford. 45*.'. To Rotterdam-Au»f. 16- 8teau\r Martiileno, 20 To Mexico AuK. IS-Steanier NorheUn, 6.i'l Savannah- To Alloante Aug. 16 Steamer Alberta, loo ToTrlKste-Aug. 16— 8te»mer Aiberta. .ilo Boston To Llverpnol -Aug. 12— steamer Rfpnblio, 100. ... New York 181,160 280,179 8(140 fl.<*87 Total bales. Bremen, per steanaere Grosser Kurfuerst, 265 Prlr zees Alice, 100. arranged in our usual form, are as follows. Oreat French Ger- ^Oth.B'rope^ Mexico Japan die. Brit'n. ports, manv. North. South, 48,.1IW 1H,H86 330 Nbw York—To TotaL 84,782 3.000 291 exports of cotton from the United States the past week have reached 4,205 bales, The shipments in detail, as made up rom mail and telegraphic returns, are as follows: 310 267 Total.... 8.116 452 810 1,409 l,4<'fl Baltimore. Total. 1,108 932 676 365 835 757 The exports to Japan since Sspt, from the Pacific Coast. 1 632 haye been 4,806 46,291 balei — » . THE CHRONICLE. 744 New York Cotton freights at a follows. Liverpool ifon. '.. Havre Bremen e. 15 16 12«15 anibnrx e. Qhent.v.Antw'p.c. Antwerp e. 20 30 80 190 21 13®15 19921 13915 199^1 13»15 28 26 26 25@30 25®30 Ctonoa... Trieste 2S 25 28925 23^25 ..e. 12915 12 915 21 21 21 27i« 27»a 27i«-30 20 20 20 19021 19921 199 1 139 i& 18916 189L6 28 26 28 26 28 15 15 12^15 15 21 27»« 27ifl Beval, Indirect.. e. Beval, via Canal. e. Baroel'na.Ang 3 c. e. 15 15 12® 21 21 27>« e. W»dne$. rAttrf. tuei. 12915 ..e. •lanobeeMr 28 26 28 26 25^30 25e30 25930 25930 25 25 25 25 239 25 28^25 23925 23925 (via tiDez).r. Qautatione are cents per 100 Ibe. — LivKBPOOL. By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port. July 29 bales. Sales of tbe week Of whloh exporters took. .. Of which speoolators took. •ales American Actnal export Forwarded Total stock— Estimated Of which American— Est'd. Total Import of the week Of whleh American Amoont afloat Of which American The tone Aug. 12 Aug. 6 Aug. 19 26 000 37,000 86000 34 000 1,000 2.000 33,000 2,000 47,000 356,000 248,000 12 000 7,000 47,000 26,000 2,00C 1,000 1,000 1,000 1,000 1,0<0 29 000 26 000 2 000 46 000 292 000 189 000 22 000 21000 1000 9,000 55 000 318,000 214.000 26 000 17 000 62 00( 34.000 11,000 55 000 31.000 42 000 281 000 18 OiO 32 000 25 000 26 0U0 9 000 • market for spots and futnres of the Liverpool each day of the week ending Aag. 19 and the daily closing prices of spot cotton, have been as follows. Sat'day. Spot. vt-ry The weather is id-al for w heat growing The Cincinnati "Price Current" in its promising. and threshing. Batur. Janan the past week have been [Vol. Lxxix weekly review of the crop situation pays that the wheat crop outlook has been reduced to abont 575 000 000 bushels. The spot market has been firm and h'gher, with moderate expert sales reported made from interior markets To-day tuere was an exoited and higher market on reports of probable serious damage bv rust to the wheat crop in Manitoba. The spot market was firmer bat quiet. DAILT 0IX>8INO PKI0E8OF WHKAT F17TUBB8 Dl NE YORK, W Sat. No 2 M Dull. Mld.Uprds. 6 06 598 5-96 6 08 6 02 612 3,000 6,000 4,000 5,000 6.000 4,000 SOO 300 200 300 500 200 Sales Spec. * exp. Dull. Quiet. Quiet. Dull. Futures. Unlet at Market S?! opened. Pts. decline. Dull at Market, 4 p. M. a^» piB. deollne. Quiet at 1®2 pts. deollne. Qntet at SteadT at Quiet at Steady at 2 pts. 5 pti. Sptg. advance. adranoe. decline. Quiet at Steady at Br'lyat'dy Firm at unch. to 5^9 pts. pti. 436 pti. deollne kdvauoe i pts. adv. advanoe. sail 2 pts. decline. Quiet at 1®2 pts. deollne. The prices of futures at Liverpool for each day are given Prices are on the basis of Uplands, Good Ordinary olanse, unless otherwise stated, iwlow. Sat. Hon. Taaa. TMara. Vri Aug. 13. Aug. 15. Aug. 16 Aug. 17. Aug. 18. Aug. 19 12i« 1 12]« 4 12i« 4 12i« 4 12% 4 12i« 4 P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. d. d, 5 77 5 5 ^8 5 Aag.-tiept. Sept. -Oct.... 5 35 5 5 26 5 Oot.-Nov.. Nov. -Dee.... 5 28 5 5 20 6 Deo.-Jan Jan.-reb.... 5 19 5 Feb.-Moh. .. 5 20 5 Mob.-Aprll. 5 81 6 Angnert d. 78 5 72 59 6 55 35 5 32 26 5 83 23 521 31 5 18 20 5 17 20 5 17 20 5 18 d. d. d. d. 5 67 5 69 5 73 551 5 53 5 5e 5 29 5 33 5 3.'^ 5 2i» 5 23 5 25 5 17 5 21 5 23 5 15 5 18 5 19 5 14 5 17 5 1^ 511 5 17 5 i8 6 16 5 18 5 19 d. d. d. d. 5 81 5 74 5 76 5 83 5 86 63 40 30 5 27 5 25 5 21 5 5 d 581 5 66 5 58 5 66 5 67 5 63 5 36 5 37 5 42 5 42 541 27 5 32 531 5 30 26 5 29 5 28 5 27 22 5 26 5 25 6 24 21 5 25 5 24 5 23 -.24 5 20 6 21 6 25 5 V4 6 23 5 24 5 21 5 21 5 25 6 25 5 24 (i 5 26 5 23 5 21 5 20 5 5 5 5 April-May May-Jtine... Jnne-ioly. .. .... .... .... .... .... .... .... .... .... :::: BREADSTUPPS. Friday, Aug. 19, 1904. O wing to a sensational advance in prices for the grain, quotations for wheat fljur have been marked up rather A fair volume of business has been transacted at the higher prices, buyers In a number of instances showing more of a disposition to anticipate their wants, iuflaenoed by the wheat-crop-damage reports. City mills fliur has be^n in fairly active demand and higher. Rye flour has been held at higher prices and has bad a moderate sile. Corn meal has sharply. been in fair demand and flrmer. Speculation in wheat for future delivery has been attended with considerable excitement and exceptionally sharp advances in prices have occurred. Outside speculative interests have bf-en extensively engaged on the bull side of the market. Crop-damage reports have been the basis of tbe movement in prices. The private aivices from the spring-wheat belt have reported rust spreading and extensively damaging the crop in the principal spring-wheat pro ducing districts. Reports also have been received stating that damage has occurred to the crop in Canada. Foreign bnll Wed. m ii21b 112i« 1131^ Thurt. li3»8 114% IN fri. ill lie's iiS's llli* 111% 116 ll'^Sg OHICAOO. TKurs. fri. li>eH 109«s 10738 iii% 109i« 114 Wed. 10-i»« 109 lllie Indian corn futures have received increased epiculatlve attention, there being at times considerable activity to the trading. Early in the week there was a fairly sharp advance in prices. Reports received from a coasiderabltj area of the corn belt were to the effect that tae crop was badly in need of rain, and this had considerable U flaeoce as a bull factor upon the market. Subsequently, however, advices were received reporting the fall of the needed rains, and this induced selling for the account of speculative holders to realize profits, under which part of the advance in prices was 1 St. The spot market has been firm and higher, but busin^S8 has been quiet. To-day there was an easier market on the improved crop prospects and reports of fre-r offerings from the country of old crop com. The spot market was quiet and easier. DAILT OLOBIKO PBIOBS OF HO. 2 MIXBD COBS IK YORK. Mon. Tues. Wed. T/iurs. Fn, Sat. NEW Oashoomf. o. b Sept. delivery In elev Deo. delivery In elev Monday. Tuesday. Wed' day. Thursd'y Friday. Moderate demand. Tues. 111 lOnSg lO^^e I09ie red winter, f.o.b... 109 lOSSs elev r>ec. delivery in eiev.... lOl's 105'e 105B8 lOeOg May delivery in elev DA.ILT 0LO8INO PBI0E8 OF WHEAT FCTTITBES Mon. Tues. Sal lOoog io238 105 Sept dell V. in elev lOv^ 105 Dec. deUv. In ele-ff 9i''e May delivery In elev 101% 1044 106is Sept. deiivHry 59i« 60% 67% 56^ 59>a 60% 60 f>3'^ 6m 60H Jfon 541a 53i« Tues, 62% Sfs 58>« CHICAGO. DAILT CL08IH0 PBI0E8 OF HO. 2 MIXED OOKH IH Sept. delivery Inelev.... Deo. delivery in elev May delivery in elev 60% 58% 6li« 59«8 5938 6l>« 60>« 5»i« 581a 59''8 Sal. Market, 12:30 P. M lion. 109 106 Wed. 5518 Thurs. Fri. 5i% 64% 5314 63% S2H 61% 5414 53>4 62% 53*^ Oats for future delivery at the Western market have been moderately active, and prices have made a frautionnl advance in sympathy with the rise in values for other grains. The indications are that a crop considerably larger than last year's has been grown, and supplies of new-crop oats are now coming on offer with a fair show of freedom. Locally the spot market has been moderately active, but at lower priots. To-day the market held steady. DAILT OLOSnCO PEIOBB OP OATS IK NETT YORK. Mon. Sat. Wed. Tuss. Thurt. Fri. Nom. Nom. Norn. Norn. 39 39 Nom. Nom. Nom. Nom. Nom. Nom. DAILT OLOeiMO PKIOES OP MO. 2 MIXED OATS » CSICAOOi Wed Thurs. Sat. Mon. Tues. FH. 84>4 34 Sept. delivery in elev.... 83% 34% 84 84% Sftk 86>4 Deo. delivery in elev 84% S63g 35% 36^ May delivery in elev 37>« 37% 36% 38% 87% 37% Following are the closing quotations: No. 2 mixed In elev No. 2 white In elev PLOUB. Nominal. Patent, winter Nominal. Olty mills, patent. Nominal. Ryeflonr.snpertlne $4 05 '34 35 Backwheat floor.. 4 50 95 00 Com meal5 00 96 00 Western, etc 6 00 06 70 Brandywlne OBaIN. Fine....... Snperfine Extra, No. 2 Extra, No. 1 Clears Straights Patent, spring 0. N. DuL.No. 1 Oom, o. f.o.b.lSO% f.o.b.127% per Western mixed White No. 2 mixed No. 2 white Nominal, Nominal Barley— West f.O.b.114'8 «3 35 '93 0. 38is940 40is947 f.o.b. 11 678 NomlnaL 3 20 3 25 bush— No. 2 mixed No. 2 yellow No. 2 white Bye, per bushWestern State and Jersey N. Dul., No. 2 Red winter. No. 2.. Hard winter. No. 2. OatB— Mixed, p. bush, 9 ^ 50 «6 70 94 86 5 26 6 40 4 35 80 0. 55 960% o. f. o. f. 0. b.60% f. b.6038 b.59 NomlnaL 61 '975 Nominal. Nominal. Feeding Exports of Bbeadstuffs, Provisions, Cotton and Petroleum. The exports of these articles during the month of July, and the seven months, for the past three years have oeen as follows: — 1901. Exports from V. 3. Jul]/. 7 1908. 1902. Months. July. 7Monthi 9,823,830 7,471,233 8,881.9 42,031,141 1,263,191 10,496,330 9,5a!>,331 89,310.12'i 5,165,671 66,766,93 rUontht Jul]). Quantities. Wheat.bush. 114,180 Plour...bbl8. e83,li6I Wheat.. ..bu. Corn... bush 3.192,001 8.080.101 28,051,719 Tot. bush. 5,272.10 70.«98.087 » f 38,987,083 15,841,819 Values. Wh't A flour. Oom & meal Rye markets have been firm and higher following the uprurn to valu3s in the American market. There have been some Oats & meal Barley exceptions to general pessimistic reports of extensive crop damage in the Northwest. One report received during the week said there is nothing to indicate that the spring wheat crop will not be somewhat larger than last year. Sooth Dakota has suffered from lust, and its crop is disapoointing. Tbe Minnesota crop is highly satisfactory. North Dakota is BrMstuffs.... 3,049,550 1,200,839 42,944,: 14,725,002 156,077,060 » 9,08S,311 1,300,241 14,812.537 102,472.882 6,171,629 489,lUt 14,8c 1,7 33 108,643,911 7,e4!i,965 « t t 78.602,948 Il,4('6e70 8«,461,988 3,886,148 86,904,355 43S,''0f 79.138 1,898,900 151, 920 1,087,849 8:J,iai 1,178,200 386,(40 2,161,787 918,984 1.17 2«,718 8,461,463 01,574,882 454,631 4,702,968 6'iMS 1.478.276 4,332,762 66.621.709 11.369,699 113,885,771 18.«45,8t5 112,046,62? 16,172.142 115,270,321 1S.E03.460 89,840,461 14.892,6i7 liS.163,130 6.455,022 117.186,43« 7,074,0tf4 «4,881,0B2 6,037,0«t- 154,638,002 6,821,454 129,639,827 87,5i5,634 5,661,864 T ot, value. 29,107.12) 360,686.Bl!i *InoludiDgoattleandhogsin 88,768,877 421,19^.7'^ ^S.7i8.4?5 ProvlsioQS*. Cotton Potrol'm.&o. 69,38 0.192,938 all 61,618 888,808 months and years. 8S,674,978 .'^ 0.«'7,P93 : AUG. : THE CHRONICLE. 20, 1904.1 Exports of Wrain and Flour from Pacifle Ports.— The exports of grain and flour from Pacific ports for the week enaing Aug. 19, as received by telegraph, have been as follows: From San Francisco to various South Pacific ports, 12,646 bbls. flour. Combining these figures with those for previous weeks, we have the following, which covers the exports to foreign countries for the period since July 1, 1904, comparison being made with the corresponding period of 19u3. Corn, Oats, Barley, Wheat, Rye, Flour, MxporU bush. bush. buth. bush. bblt bush. from— 109.840 87,890 50,bl6 35,809 11,343 9 2,389 45 135 160,000 Totai.... 248 346 Tot 1903. 3*7.^07 47,153 816,500 2,398 2,016 180 232 160,000 92,746 Bui Fran. PMetB'd. POTtland.. 174 174 745 for delivery extending over two or three months, but at Four-yard slight concessions from current quotations. sheetings have sold moderately well, but here also there have been reports of shadings. The export demand has c imprised all lines but principally favored light-weight goods ; the actual business from this source during the week has been smaller than for some time past, but the number of inquiries Staple and fancy prints for future delivery is encouraging. are quiet at unchanged prices and business is corfloe to filling small orders for immediate delivery. G-mghams are without particular feature and in small demand. There has bt en some increase in the demand for ticks, and ii quiries have been received for denims at prices slightly under current figures, but in other coarse, colored cottons business is slow and the market featureless. Kid-finished cambrics are quiet and without quotable change. Print cloths remain quiet at last week's figures. Chief of tbe Climate and Crop Division of the XJ. S. Weather Woolen Goods.— The openings in the men's wear woolen Bureau, made public on Tuesday the telegraphic reports on and worsted divisions during the week have been few, but the grain crops in the various States for the week ending several more lines have been withdrawn from sale, and with Aug. 15 as follows: buyers leaving the market, the first rush of business may be OOEN.— Rain would prove beneficial generally throughout the corn said to be drawing to a close. Th-re is, however, plenty of particularly southern large whlcb, more the and part of belt, over a activity still, and sellers have no reason to complain of the eastern portions, corn Is suffering more or less seriously from The strength of the raw madrought. In the Central MUsourl Valley, while needing rato, corn has business that is being done. made good growth a >d Is Id promising condition, bat in tbe Ohio Val- terial market has lent confidence to buyers, who have purley and Tennessee there has been a marked deterioration in the chased goods as though they expect an advance in the marcondition of the crop, Home In Indiana having been Injured beyond This probably would have occurred betore, recovery. In I >wa corn has made satisfactory progress and a normal bet at any time. yield is promised. In the Southern States early corn Is being gath- except that the mills held large stocks of wool, bought at ered, cutting belag In progrC'^s as far north as Soathern Eansits. An considerably lower than the present leveL The demand has excellent crop is now practically assured In the Middle Atlantic included all lines, but a preference continues for mercerized States. In the lake region and the Dakotas corn Is backward and Is worsteds, which has caused a few complaints in other direcgrowing s'owiv. 8PBIHO WBBi.T —The weather has been favorable for spring wh«at tions. The general feeling is that fancy worsteds will be harvest, wblch is far advanced In the southern portion of the spring- strong in the duplicate end of the season. The hnsiness in wheat reglon,acd the crop is ripening rapidly In the extreme norttiern portion. ReportR of damage from rust continue from the Dak -tas heavy weights has practically ceased, since it is difficult to get and portions of Minnesota. Hot winds have proved injurious in Wash- mills to accept orders. Overcoatings have been in improved IngtoB, and yields below the average are reported from Oregon. demand during the past two or three weeks, and in several Oats. -Oat harvest Is now finished except in the extreme northern districts, where this work progresses under favorable conditions. A instances clothiers have been unable to fill their requirements. Many lines of dress goods have been shown privately, good crop Is generally indicated. and purchasers have found no difficulty in placing their orI^~ Jfmr other tables snallv Klven here see pare 714. ders, although the market is not officially open. Prices so far are about on a parity with those of last season, and in some instance's slightly higher. GovEBNMENT Weekly Grain Report.— Mr. James Berry, THE DRY GOODS TRADE. New Yobk, Friday, P. M. August 19, 1904. In spite of a reduction of %o. a yard in the price of standard bleached muslins, business in the cotton goods division showed little sign of improvement during the past week. The reduction will only remain in effect until August 25th, and is confined to stock goods, but the policy that dictated it has been freely criticised in other directions as being unnecessary and tending to undermine confidence. While it has not been followed by any further open lowering of quotations, more is heard of irregularity in prices than for some time past. Buyers, however, either are not in need of goods or are holding off awaiting developments, for the demand continues small and is almost entirely for goods for immediate shipment. The export demand remains steady but the amount of businn es placed during the past week showed some signs of falliag off, doubtless due to the heavy purchases of the past few weeks. The number of inquiries in ihe market, however, is large and a good busicefs in future delivery could be done at slight concessions from current quotations. There is little dispopition to grant these at the moment, sellers holding out fairly firmly against the demands of buyers. In the men's wear woolen and worsted division considerable activity still prevail?, but the first rush of the season is over and buyers are be.^ inning to return home. In the dress goods department several orders have been reported although the market is not yet offioially open. DoMBSTio Cotton CJoods. The exports of cotton goods from this port for the week ending Aug. 15 were 2,488 packages, valued at |144 167, their destination being to the points specified in the tables below — Nbw Tobk to AUG. Week. Great Britain Other European China Since Jan. 1 Week. 1,8-2 784 111,213 9,7.6 28.739 7,412 134 54,298 4.831 18,302 7,773 12,626 1,458 9,098 34,287 14,129 2,483 163,042 "636 22 189 1.623 ' 1. 81 84 21 Mexico Central America... South Amerlua Other Countries Sines Jan. 818 522 8 India Arabia. Afrlea West Indies Total 1903. 1904. 16. 879 24 3,168 802 247 18,t)97 61 Foreign Dry Goods.— There has been some improvement during the week in the re-order business for imported woolen and worsted dress goods, but it has not been general. The quantities ordered are small and are princpally for staple lines of mohairs, broadcloths, etc. The demand for ribbons shows some improvement, but silks are quiet. Linens are improving and burlaps have advanced during the week on bullish foreign advices, but there has been little or no improvement in the demand. Importations and llTarelionae TV^ltlidrawrals of Dry Goods The importations and warehouse withdrawals of dry goods at this port for the week ending Aug. 18, 1904, and since January 1, 1904, and for the oorresponding periods of last year are as follows: » B ^ sg B « m a •-• i . ; : : ; : : i 1 i i i b: . . . • * »3W M tSCd cOtOMl^tS <1W*00 00 <l>j^aD(0 ; to OB r«M 3 H cwacoo Cd >4 iO CO to w ta <1<I <eiM 09 a> jD ^it^aoco l» 0)00 0)0 a3a.4 '^oo ODCnCOMM *> (0.^ toa f 00 giilis :!;;:©*^ . . . M <i«k CO COCOMiUM CO 00 CX CO CO cjiOmOCO 00 «o *CO o V •0 >4 CO 1 1 COi». M -J to WODODKk.] >ll^ CO-] OICB 09.7 CX 00 00 COM ; gj i ! i : i i i : « 2 1 : T MOJOCOtO r\ n CO -J 00 »J CO CX M-JOCOM tocxcocx-j r. CO CO 00 -J to lf>. 05 X> a l» CO 00 ex ^ooa>«>.oj B 0> 09 M<0 <l© b-j'ii^'bi — eo 00 cn CO 3M X «» <»•- a 00 0) 1^ ^woojka -^< — - <J-0DOC0 OOb "C^ 03 t3aO-4C«l»> O 148 6,9:>2 w 4,922 284.042 00 00 woo c;>o M<0 Cbi^^oCO — OS tctoota — >40^^co^^ CO 14 -4 09 00 <l it' «£) ,J> Oi to uco -» W o Oi -4m 00 <o b© ^^ (D« 0«P SSM «? fln coco i^oaa-i C0C0^-4C0 tOll^ CD to 09 00^ •4 CO to to CX t to o a O o % -n H CO n CX mCOi^mCD ^ « s J1 •H n' S- OCCOO .>>M Ni txO09 »eB t «kCO_^ f^ co'oDCTbeo ? ^ ? M M CO q i « H 4 o ni " s #. MCXMNCO -3 kOOOT<hD M to M MM bbVcooo i^U>«M09 CXtOOO^^ MC;t M-^l t9G0<^ tote .-* CO to tscnooo"© to B C0«DK<OO> K)-5>*-_M€Bi|- M.>4 o -1 Ki<i »10MC0 09 M co'io^ CO eo CO If. M O obooocxce 04 M «»<»cxoDeo M00|(>>CXM CO «e cocoto^jta ~4C0O « too- 1 09 coco 09 •PS 9 o ' to CD M <r> *> CO^ ta « M M QD-J M Mie eo -» — 00 — M<0 <*! CO-1 W"CJ ifcUlCO K3 So ^ <« 00 to 0) Moaco<c» CKOD i ir M M MM to:y>*-roo> 0.2 p to h' CO <> i^ CO tX) 00 00 aMM©M MMOJCBCO pg t« CO JD COCO c! eo«^ '.O <IO9 00O9i«» MtO ^toaoiO tOOODtO^ M-ia — v-' <1 n -<1 0) J< (71 H $ 3 \f- 00 M kO O) »> at <3> S •fl s^ a i»- o oo a -J ©•J MM v V) J> Oi w^O^ a «o awocoDO 00 t >• w M ^^^^oacMCo o^ca-ato «i^CdOi^ <o J> Cd 5 M 00 Oi O >-_ •Q • (oococxcx«e cetoeocx^ 00 to CO — eo mCO - to X 00 «« o ODM CO K>-4 o oo 1^ o.- H' « CiOCXOOOCO ffl )-•>.• oo©os-q« ^ fi^ Mt0 09aM •"•tOCOWM M 3 H ^ -q MMMtO k' Mb*, boo fc V to coeoMcoco 00 00©t«-4M n M o Ocn ... % :!:::« • I : "»0<I too . : J M M V D . . ! o : . 3 s Siifil (B. c ; p? (0 CO -J M •K H B g : e CO M » Ut3 M eo too WM M H to Ma9«><to 00— 00 CO o MOO -iooicxco MOO COtOtOOOM A M 1^ to CO CO (0 o M ^00 CO >JCOC0O> ~] cocDO — eo OB atocai3<K) 9 00^ yiODCXWO MM ^ «M H 05 Ol^> MkSCOAtO © CX CO © 09 M o 00 l,>'tl8 of these New York exports since Jan. 1 has been $9,266,320 in 1904, against $10,296,988 in 1908. The principal feature of the week has undoubtedly been the reduction in the price of " Fruit of the Loom " and " Lonsdale" to l}^c. and l%o., respectively. It was expected that this wonld be followea by a general reduction in all lines of ble-*ched muslin, but so far this has not matnriallzed. It has resulted, however, in quiet shading of prices In other directions, but apparently has failed In its object of attracting buyers for the volume of business has been small. Brown drills and sheettngs have been in moderate demand for immediate ehlpment and a few orders have been reported : 1 •SE : va 7,484 39.640 1 0U \ TOW CO g: I B^ T s s g §3"?l§ se siiFil 5 S 9 i CO <l^ The value Si ."^i 1 e Si ii > : S; o i o a: m o: B: B S,y 3 ^: 1.037 126 O B ^ 69 00 COM MOB CX cows Mlt«. MMOOlP-tO COM OOkOO^tO w .u tat3090ioa r^ I — to to— b ^^ n o> 00 CO cr. (C CXWOOCDOt ;? «s ?• CD 2* H * t '^ 1 Vl 0:»O — 00 «» iota tneocx — 00 ^ 1— » ^Ob09 JO ON M #k ^o: .-•mO ^<^ b -4 05-I<0<»M B M (0 f^ «. >J * wOOco o Viciobbb WtO ;.»MCp K s CO 00 COCO O-)OC0M CD 00 OOOCDOD^ — oooi'-j'wb o coo Oco-JOoo lO M CO tO-JtOM'^ ^ cu"o y B I —— — THE CHRONICLE. 746 State atjb B^f^WMENT. City News Items. Bethlehem— West Bethlehem, Pa.— Consolidation Au- — tho ized. Tbe boronghe of Bethlebem and West Bethlehem, with a etated combined popalation of 14,000, voted to conaolidate on Angust 9 under the corporate name of Bethlehem. Consolidation was victor ions in all of tbe seven wards, its majority in Betbilehem bein g 913 and in West Bethlehem Oper 1,800 votes were polled. 368. Efic ndito Irrigation District, San Diego Connty, Cal.— Election on Dissolution of Distrtct. —The Board of Directors of this district has called an election Angust 23 to vote whether or not the district shall be dissolved, its indebtedness liquidated and i's assets distributed. This district has outstanding the following bonds : 1250,000 <i% bonds of $500 each, dated Jan. 1, 1884, 1, as foil >W8 : $12,500 in 1905, $15,00o In and maturind yearly on Jan. 19 0. *17 500 In 1907, $20,000 iH 1908 $a<!,500 In 190«. $25,000 iu 1910, $27,500 In 19J1, $32,600 In 1912, »a7,600 in 191.S and »40,000 in 1P14. 100,000 6% bonds of $5ii(i each, dated April IB, 1^96, and matiirlne yearly on April 15. as follows: i;5,0jO in 1906, $6,000 in 1907 $-,003 in IHO-*, $H.( 00 in 190l», *W 0< in 1910, $10,000 in 1911, $11,' 00 in 1912, $13,000 in 1913. $15,000 in 1911 and $16,000 in lbl5. In addition to the above bonds unpaid coupons are outstanding amounting (incladiog those due July 1, 1904,) to $137,865. The owners of the above bonds and unpaid coupons have offered to sell the same to the district for $201,384 87, with interest at 5% from March 1, 1904, provided the difference between this sum and |235,000 (lees expenses of proceedings) be used in making repairs of the ffume, ditch line and other parts of the irrigation system. It is proposed by the > oard of directors to levy on the property of the district the sum of $225,000 plus $8,584 60 (the estimated cost of dissolution if the proposition carries by the necessary two-thirds vote) making $228,584 60 to be assessed in all. — Constitutional Amendments. At the coming (i^eorgta. election Oct. 5 there will be submitted to a vote of the people an amendment to Article 7, Section 1 of the State Constitution, limiting the levy of taxes on property for any one year by the General Assembly to five mills on each dollar of the value of the property taxable in the State, except for the purpose of repelling invasion, suppressing insurrection or defending the State in time of war. Another proposition to be voted upon amends Article 8, Section 4, Paragraph 1 of the State Constitution in rel.tion to local taxation for public schools. Still another amendment provides for the increase in the number of repreeentatives in the Legislature, while another limits the possible number of counties in the State to 145. Legislature Adjourns.—The State Legislature adjourned Angust — , 11. — Constitutional Amendments. The State of Kansas will at the coming election vote on the question of amending the State Constitution in two particulars. One of these amends Section 14, Article 2, relating to the Governor's power of veto, and gives that official the right to veto one or more items in a bill containiug several Items of appropriation of money. The other amendment provides for the election of a State printer— Section 4 of Article 15. Knox^ille, Tenn. Bond Litigation.— The attorney for the Knoxville Water Co. has secured a restraining order preventing the city officials from iesuing the $75u,000 waterworks bonds voted at the election held July 9. The case will come before Judge C. D. Clark for a hearing on Sept. 19. Sioux Falls, S.Dah.—Lcgaii«2/ of Bonos.— In the Chronicle July 30, p. 518, we published a letter from Mr. Joe Kirby of Sioux Falls, S. Dak, bearing on the decision recently rendered by the United States Circuit Court en j fining the city from installing a water plant of its own. The Co. of Portfollowing letter from Messrs. H. M. Payson land, Me., presents the other side of the case Portland, Mb.. Aug. i. 1904. Kansas. & : Comnitrcialand Financial Olironicle, New York f ity : GENTLEMEN; We were Interested iu the letter pablished in your issue of July .si'EivmK the opinion of Mr. Joe Kirby of Sioux Falls. S. Dak., oi the validity of »i5lo.uoo 5% city water loan bunds issued by that city for the purpose of parallellDg the water-worliB system of the South Dakot* Water Company, in whicn we art< Interested. lu l«8i the city, e.iher being unable to raise money to build, or unwilline to Incur tbe hHzards of building, granted a franchise contract to a water company, reset ving the right to purchase the water-works at their fair value. A plant was oullt iu ace irdanco with that contract. Subsequently the growth of the city tnade necessary a chance of water supply and much reconstruction and enlargement of the plant. The city demsnded an appraisal for the pur pose of purchusing, expecting to buy the material property at junk value and pay nothing whatever for the busiuess built up by years of skilful administratiou. The valuation tlxed by disinterested arbit-ators exceeded tbls expectation of the city, and it therefore declined toporcha-e. The constitutional debt limit for cities of South llakotn was 6*. Subsequently anameiidinent was passed granting to cities the rightto incur 10% additional Indebtedness for tlie purpose of tjullding water worn, meaning, of course, lOit additional to the alrendy existing 6% legal limit, or, say, a tolnl of 16%. The city of Sioux Kails, already having a debt of over 18%, or 2H timci« the legal limit of 5X, proceeded toll cur an adaitloual 10*, or iJ2* In all, for tbe sole purpose of b% bouos for destroying the existing water works. The city sold $21(i,<m $1n2,u0o, and proceeded to parallel the existing piant, the SupremeCourt of the State UDholding the city. The United States Court finally issued a temporary Injunction, whicli temporary injunction has now been made permanent, holding that the city ban neither the power nor the authority to incur indebtedness beyond th«« constitutional limits of l6%,ard thus re-taining the city from completing or operating waier-wotks. Therefore, if it had not the power to create such a debt tbe bonds so issued are clearly illegal and void. Mr. Kirby says the "honor" of the city is pledged to pay these bonds. The business honor of a community is best Indicated by its business crenit. Cities of good credit have no difiBcnlty in selling 4% bonds at, a premium Sioux Falls had to sell 6* bonds at $iS8,0 lO discount. As the bonds were aud are clearly Illegal under the Federal decision, any taxpnyer can enjoin their payment in which event there is room to think that the "honor" of any city whose bosincss credit is so far below par would be poor security for their payment. * • But one city in the United States of the size of Sioux Falls has ever paralleled au existing water-works where it had the right to purchase said works at their fair value. Such purchase at "fair value" Is but just and equitable to : [Vol. Lxxix. the water companies an well as to the public, and civic attempts to force a water company to accept junk value (or its property by ilire',t of monicipal CI mpeiltion. eipcclally bi illegal methods, deserve to meet with results similar to that at eioux FhIIs Fully $ 00,000.00 tiaa been furnished by investors to build water-works to supply cit ee that were unable or unwilling to build for tbcmxelvei'. In nearly every insiairce right Is reterved to such cities to purchase such plants -t their fair value. If defective in any respect, the fair value is correspondingly lessened; If over capita Ized. the owners, not the cities, must meet ai.y resultlnv loss; but Jnsilco is thereby rendered to all. Veryt'uly. H. M. Patson 4 Co. Tiffin. Ohio.— Bond Ltiigation.— The following dit-patcb from Tiffin, dated August 8, appeared in the ToUdo "Blade:" Ad Inlnnotlr'n PD)t hf8 been filed In the Seneca ConntyCoiBiDon Pleaa Court bj W. Scott Wagner wnd Weillujflou J O'lfflth, taipayers, seeking to enjoin the paymer.tof $150,000 of city street paving bonds falling due during tho text two years. They had been Issued for the purpose of b.ilialDg sewers and for street imprr veiLeijiB. Th" petitioners claim that the bondo were issued In ezoess of the amoant which the statutes allow. The legality heretofore had Lever been qiiesiioned. The fam«< men at the e-ame time filed a salt to ecjoin the cale of $1 3,0C0 worth of bonds for the purpose of paving Greenfield Street. Tbls sale would have taken place to day. (See V. 9, p. 0)46.) Mayor Leister vetoed thin paving orcilnanoe twice forlhe p.afceof keeping the city's bonded debt down as low as poseibie, but the Coonoil passed It over his veto. On August 13 the suit involving the $150,000 paving bonds was dismissed by Jadge Schroth, with consent of the plaintiffs, but that pertaining to the |13,000 bonds offered for sale on August 8 will c< me up for a hearing at a later date. T«tWot«hip of Moet^Six, 8. Bond DeciHon— The following is taken Irom the Charleston "News and Courier :" Abbeville, N. C, July 30.— Judge Prltchard, In the United States Circuit Court, handed down to-day his f.eolsion In the South Car Una bond case, entitled ei-parte Ellen Foleon, Jenrle F. Pack ano Nannie F MoCaniees in re George W. Foleon, plaintiff, against the township of Ninety sir. defendant. The plaintifi applied to Judge Prltchard for a writ of mandamus comi eUing the authorities in the township In question to levy a tax fur the payment of certain railroad bonds. The cace is one o* the most novel and important that has yet come before Judge Prltchard, Involving the cot struotion of the South Carolina CoEstltntlon and the power of a State to abolish municipal divisions in snoh a way as to destroy bODded icdebtedness. Judge Prltchard, after bearing the argument in tbe o&fe, grinted the mandamus prayed for. West Tlrglnia. Legislature Adjourned,— The State Legislature, which convened July 26 in special session, adj mrned August 12. Several tax measures were passed, among which was one limiting county levies after 1905 to $6 per $1,000 of valuation. ' C— Bond Calls and Redemptions. Colorado.— Warrant Call,— Bion. Whitney Newton, State Treasurer, calls for payment thirty days from the date of notice (Angust 10) the following vparra' ts : Revenue warrants of Revenue warrants of 1903, Nos. 818S to 3397, Inclusive. H»(i4, Nis. 1291 to 1376, inclusive. Capitol Building warrants, Nos. 3686 to 3705, inclusive. Kent County (P. 0. Ciairemont), Tex.— Bond Call,— J. B. Jay, County Judge, calls for payment bridge bond No. 2 for 11,000, issued Aug. 15, 1894. Interest has ceased on this bond. The .official notice of this bond call teill be found among the advertisements elsewhere in this Department. Mo.— Bond Monett, $14,890 8)1 Call.—F. H, Attaway, City Clerk, 29 the following bonds payment August calls for : refunding water bonds Nos. J to 14 for tl,0<"0 each and No. Due Jan. 1, lnl2. subject to call after PaTinent National Bank of Commerce. New Vork i"ity. Date, Jan. $8ii0. 1. 18i»8. 1903. 4,000 6? city hall, jail and Date. June 1. 18»B. water bonds Nos. U to t», inclusive, for $50 16 for Jan. 1, > each. Due June 1, lv<i6. optional June 1, 1901. Payment Bank of Commerce, New York City. can also be presented for p&ymenc at tbe banking at National Bonds Harris & Co. of Chicago. notice of this bond call will be found the advertisements elsewhere in this D^artment. house of N. The W. official among Nasbvllie, Tenn.— Bonds Purchased and Canceled.— The City Treasurer bae purchased and canceled |12 OUO waterworks bondd, isfue of 1882, due in 1907. Bonds are for $1,000 each and carry 6% interest. Wew Orleans, La.— Premium Bonds Drawn.— The following premium bonds of the city of New Orleans were drawn by lot on July 31, 1904 (for payment Jan, 15, 1905), this being the oce hundred and fifteenth alio' ment Series 160, 264, : 284, 336, 2671, 8298, 4558. 4608, 7160, 7831, 9726, 9829, issued. 7<iO, 3395. 5011, 7945, 9925, 795, 839, 1219. 13j3, 1419, 1509, 19.59. 2395, 3653, 3718. 4*02. 4076, 4082, 4275, 4360, 4464, 5060, 5867, 5362, 5581. 6035, 6185. 6410, 7120, 8128, 8177, 8273, 8359, 8883, 9459, 9583, 9696, 9946. Series Nos. 6734 to 10,0.0 were never Bond Proposals and Negotiations this week have been as follows: Abbeville, Ala.— Bond* Fofed.— This city on August 8, by a vote of 1 14 to 8, authorized the issuance of |20,000 6$. 20-year water-works and ligbt bonds. Aberdeen, Harford Conuty, 6% 15-20-year (optional) Md.— Bond but not awarded on Aug. & Co. of Baltimore, est to Hambleton in V. 79, p. 693. Sale.— The $7,000 bonds offered par and interBonds were described electric light-plant 6 have been sold at Ackermun, Miss.— Bonds Not SoM.—The $13,000 (serial) school bonds yet been sold, and the 11-20-year mentioned in V. 79, p, 618, have not same have been re-advertieed, bids to be opened on Sept. 6. The rate of interest is limited to 6%. Denomination, $500. Adams Connty, Ohio.— Bond OiTertnfli.— Propcsals will be received until 12 M, September 6, by F. H. Doyle, Connty — Aug. 5iO , 747 an issue of $8,000 6^ school bonds. DenomiDate, day of sale. Interest, January 1 and Maturity, $1,000 on January 1 from 1913 to 1920, in- Bank at 106'25 nation, $1,000. Joly 1. clusive. years. A loan of $9,000 on Agawum, HaM.—Loan Authorized,— 10-year notes was authorized at a special town meeting held August 9 for a school building. Alpeua, Mich. —Bond Ojferingf.— Proposals will be received until 3pm., August 35, by the Common Council, for the following bonds : JIOO.OOO 4% electric-light bonds, maturing 110,000 yearly on Sept. 1 from 1026 to l>'3t. Inclusive. 150,000 5% water works bonds, maturing flS.OOO yearly on Sept. 1 from 18S4to 19Sa, incluslTe. Both issues are dated Sept. 1, 1904. Denomination, $1,000. Interest semi- annuaJly in New York City. Blank bonds to be furnished by the successful bidders. Certified check for 10)< of the amount of bonds bid for, drawn on the Alpena County Savings Baiik or the Alpena National Bank in favor of the City Recorder, required. City has no bonded debt at present. Aesessed valuation 1904, $3,9?3,505. R. J. Crable is — THE CHRONICLE. 20, 1904.] Auditor, for $13,500 4i conpon "connty-account funding" bonds. DdDominatioD. |500. Date, Aug. 1, 1904. Interest gemi-annnally at the office of the County Treasurer. Maturity, — City Record-r. Anabetm Schnol District, Orange Couaty, €al.—Bond Offering.— PTi^X)osa,\s will be received until 10 a, m., September 7, by C. D. Lester, County Clerk (P. O. Santa Ana), for Denomination, $500. $10,000 4^% coupon gold school bonds. Date, June 1, 1904. Interest annually at the office of the County Tree surer. Maturity, $500 yearly from June 1, 1905, Bioomdule (Ohio) Special School District.— Bond Election Postpovea.—'^e are advised that the call for an election August 8 to vote on the question of issuing $1,500 school-Improvement bonds was withdrawn, for the reason that it was impossible to secure the ballots from the Board of Elections. The question will not now be submitted to a vote until the regular fall election. Bojd, Lac Qui Parle County, Minn.— Bonds Not Sold,— bids were received August 10 ftr the $7,000 water bonds described in V. 79, n. 282. Braddiick, Pa.— Bonds Voted This borough, it is stated voted to issue $77,685 funding and $41,640 street-improvement bonds at the election held August 2. Braddocb (Pa.) i^chool District. -Bonds Fofed.- School bonds to the amount of $70,000 have been authorized by vote^ according to reports. Broome County, N. Y.— Temporary Loan.— This county has arranged to borrow from time to time, as the money may be needed, the snm of $60,000 from the Binghamton Savings No — Bank Loan at b% interest. will mature Feb. — 1, 1905. Broxton, tta.— Bond Elect on. An election will be held September 2 to vote on the question of issuing $10,000 G% 20^ year fchool-hou^e bonds. Cache Bay (Town), Ont. Debenture O^ertr-gr. —Proposals will te received until 12 M,, Sept. 3, by Jesse Bradford, June 1, 1924, inclusive. Arizona.— Bond Offerii gr.— Proposals will be received until Solicitor for Vend ore, P. O. Sturgeon Falls, for $2,000 5jg 2 p. M., September 12, bv the Board of Control of the Terri- school debentures, maturing part yearly for ten years. Date tory of Arizona— Geo, E Truman, Secretary— for $10,000 5% of issue, July 1, 1904. Denomination, $1,000. Date, gold icsane-ssyltim bonds. Bond Election.— XJnder an Act of the LegisCaliftiruia. Jan. 1, 1904. Intert-st semi-annually on January 1 and July 1 lature approved March 20, 1903, the people of this State will at office of Territorial Treasurer In Pboeoix. Maturity, Jar. vote at the coming election on the question of issuing not exAuthority, Act ceeding $2,000,000 ^% bonds to be dated Jan. 2, 1905, to create 1, 1954, subj'^ct to call after Jan. 1, 1929. No. 73 of the 22d Legislative Assembly of Territory, which a fond for the construction by the board of State Harbor Act has been approved by the Congress of the United States. Commissioners of a sea-wall and appurtenances in the city A certified check for b% of amount bid, payable to E, E. and county of San Francisco. If authorized the bonds will Kitkland, Territorial Treasurer, required. matuie Jan. 2, 1924, subject to call after 1914. A majority Ashtabula (Ohio) School District —Bond O^eringr.— Pro- vote will suffice to autborize. posals will be received until 12 M,, September 8. by James Cainbridgf, Ohio. Bond Sale.— The highest bid received Reed, Clerk B> ard of Education, for $30,000 4i^« school August 15 for the $2,OG0 i}4i 30-year street-improvement bonds. Authority, election held Nov. 8, 1903; sJao Sections bonds described in V. 79, p. 282, was that of W. R. Todd & 3991,3992 and 3993, Revised Statutes of Ohio. Denomina- Co, of Cincinnati at 1C5-25. Interest, April 1 and October 1 at the office of tion, $500. Camden, SlLe.—Bond tale.— Ihia town recently sold to the City Treasurer. Maturity, $1,5C0 each six months from Tyler, Fogg & Co. of Bangor an issue of $14,000 1-10 year Oct. 1, 1904, to April 1, 1914, inclusive. Certified check for (aerial) schooJ-bnildlrg bonds at a price to yield 3'70^. De$1,000 on a national back required, Accrued interest to be nominations, $1,000 and $400. Date Aug. 5, 1904. Interest, paid by purchaser. semi-annual. Aabnrn Township, Shawnee County, Kan.— Bonds Voted. Canon, tta.— Bonds Authorized by Legislature. Bonds for The election August 2 on the question of issuing bonds in echo )1 purposes have been authorized by the State Legisaid of the Topeka Eskridge & Council Grove Interurban lature. Railroad resulted in a vote of 108 to 29 in favor of the propCapac, Mich.— l>'onds Defeated.— On July 21 this village osition. Bonds to the amount of $2,000 per mile of road are voted against the issuance of S7,000 water-works bonds, A to be issued. second election was held August 10, the amount of bonds Aurora (III.) School District.— Bond Sa/e.— We are ad- bsiug reduced to $?,000, but the proposition again failed to vised that the $63,000 isigh-dchool bonds recently voted have carry. been sold. Caro (Mich.) Sehool District.- Bonds <o be Zsstted.—This Bain bridge, Ga.— Bond* Fofed.— This town on Auoiust 8, district:, it is slated, will issue $3,500 bonds to install a new by a vote of 168 to 1, authorized the issuance of $20,000 5^ heating apparatus in the high-school building. 1-20 year (aerial) electric-light-platit bonds, to be dated Jan. Carthage (111.) Schtjol District.- iiond ^ ale,— Oa August Bonds will be offered in about sixty days. 1, 1905. 12 the $18,000 5% conpon high-school bonds described in V. Baker City, Ore.— BomoJ Offering.— Pioposala will be re- 79, p. 642, were awaidea to tlie F;riit National Bank of Chiceived until 4 p. M Aug-. 31, by W. S, Levens, City Auditor cago at 104'50 and interest. Following are the bids and Clerk, for $20,084 35 Q% gold sewer bonds, dated July 1, First Nat. Bank, Chicago $18,810 00 Geo. M. Brinkerhoff, Sp'fleld. $18,676 60 1904, and maturing July 1, 1914, subject to call before that Thos. J. Bolger & Co.. Chic. lb,'<6& 00 vv Hav«8& Sons. <'leve.. l8.fiP0 00 00 date. Denomination not over $500. Interest eemi-annually K. KleyboltesCo.. KorBs... 18.76k! 76 J. M.Holmes & Co Chicago. 18,540 Cincinnati jKor4Hs. 18,29^60 Seafongoud A Mayer, 'Incin. l''.4H4 76 at the office of the City Treasurer. Certified check for Mason, Lewis & Co.. Chicago, 18,«82 no Charles Morse Smith. Chic. 18.«65 40 M.Bechtel & (,o.,DaVport. 18.666 00 Frances Bnis. & Co.. St. L... 18.378 00 $800, payable to the Cit.y Auditor, required. These bonds G. N W. Harris & Co.. Ctiicago.. 18,684 00 Ijittle & Hays. St. i.ouls )8.186 00 were oflftred, but not sold, on JuJy 18. Royal Trust Co., Chicago ... l><,650oe Kicker Nat. Bark, Quiiicy. 18,102 60 Farson. (juincy Leach 18.«36 00 AgencT Co Quiucy. 18,lu2 08 & Co. .Chicago. Burbertuu, Ohio.— Bond Sale.— This village sold at private Chas. H. Coffin, Chicago.. 18,02B 00 Uonuldson Bond & Stock Co., sale on August 3 an issue of |875 b% sewer bonds to Feder, John Nu veen & ) For Ss 18,iri00 18,692 00 St. Louis Co., Chicago..} For 4><^s.... 18,115 00 A. Kleybolte & Co. (not considered). Holzman & Co., Cincinnati, at 101*143 and interest. DduomCatsklU, N. Y.—Bonda Proposed.— The isauanoe of $13,000 ination, $175. Date, July 1, 1904. Interest, semi-anDual. Beatrice. Neb.- Judgment Settled. The following ap- bridge bonds by the town of Catskill is being considered, according to local reports. peared in the Omaha " Bee Cheboygan, iBich— Bonds Fofed.— This city has authorBeatuick. Neb., July 27.— At a meeting of the City night a resolast to — — , , I .!. } I , 1 . . I I . I . . .. | | — : Council lution was pasaod autiiorizlDg the Mayor and City rierk to enter into a contract wibb Ctiesier B. Vlasi-lich, an attorney for Eastern bondbnldera aiialust the cltv. for a seitlemsnt of the citv's indebtedness in Judgraents and bonds amounting in all to (14,140 7S. Mr. Masslich was at the meeting and a settlement was reached by the city agreeing to pav »43,o(!0. a reduction of about >l,U00aud a reduction of Interest upon judgments from 7 to per cent an* upon bonds from 6 to 4 per cent from July a?, tit'i4. The amounts are to be paid as follows: »!«,<( when contract la entTed into. fU.uoO to be paid Aug. 1, 1906, and the remainder, with interest, on Aug. 1, 19ua. Belding, Mich.- Bond S'aZ«.-On August 5 the $10.000 4^ 12-year coupon water bonds described in V, 79, p. 5»9, were awarded to Trowbridge Niver Co., Chicago, at par. Bellefontaine, Ohio.- Int^r eat Bale Reduced.— are irformed by the City Treasurer that at the request of W. R. Todd «& Co., Cincinnati, the purclia.'>erfl of tLe recent issues of street bonds (see V. 79, p 115), the City Council is Issuing $49,160 refunding bonds, to be dated Aug. 15, 19( 4, reducing the in erest rate from 5$ to 4i>^!r, and extending the time of payment. The new bonds retire four iesu-s of sireet-lrapiovement bonds tor |8 860, *5,t00, $85,800 »nd $15,(00, respnctively, and will mature from March 1. 19(5, to Sept. 1, 1915, inclusive. The premium paid was H^3 05. & We Betlevne (Ph.) School District.— Bond Sale.— Th\8 dishas sold an Is^-ue of school-building bonds. Hernard«Tille TN. J.) School Oi»lrict.—Uonft Sale.- Oa August J3 this district awarded to the Bernardsville Nationa trict ized the issuance of $20,000 city-hall bonds, the vote being 196 for to 189 against the issue. Checotah, Iiid. Bond Q^ert«gr.— Proposals will be received until 8 p. m September* 19, by the Mayor and Town Council, care of D. W. Fry, Town Recorder, for $15,000 Q% coupon school bonds. Denomination to suit purchaser. Date, Oct. 1, 1904. Interest semi-aunually at place to be designated by purchaser. Maturity, 20 years. Accrued interest to be paid by successful bidder. No conditional bid will be confcidered. Certified national bank check for 10« of the amount of bonds bid for, payable to the Treasurer of the incorporated town of Checotah, required. Town has no bonded indebtedness. Chelan County (Wash.) School District No. I.— Bond Sale.— Oa August 1 the County Treanurer awarded to Morris Bros. Chiietensen of Portland an issue of $10,000 5% 10-20jear (optional) bonds of this district »t 103. Chelan Coonty (Wash.) School District No. i.—Bond Sale.— Oa August 13 $1,600 5$ 1-10 year (optional) schoolhouse bonds were awarded to the State of Washington at par. Denomination, $800. Date, Aug. 13, 1904. Interest, annual. Chelmsford. Mass.— Note Sale.-Oa August 18 thf» fin.OCO i% 1 5-year (serial) sohool-house notes described in V. 79, p. Ten— , & —— : : : THE CHRONICLE. 74» to Jose, Parker ft Ck>., Boston, at 101'26 I^ollowiog are the bids 100-897 B. L. DAr & Co.. Boiton JoM. Parker* To.. Boston .... 101-9« <(98, were awarded Hod intereat. : I 100 10 BIo<lK«t,Memtt& Co.. Bolton. .lOO'iS B. A. Ke»n.Cnio»iro Chlllicoih*", Oblo.— Bond ,Sate.—OQ Aug. 10 the Trnstf es of the SinkiOK Fa ad sold to the Central National Bank of I Chillicothe the |18,70'J i}4% Second Street Improvement bonds de8crib€d in V. 79, p. 648, the price paid being 102. The following bl'is were received : Nat Bk., Cbl)llcotlie.tlW,074 00 Hayden, Miller ft Co.. 'Clere. 118.080 00 Heasoutfood A Mayer. t;tuoiu. 19.0&3 06 First Nat. Bank. Chillicothe. 18,960 00 R. Kleybolte *Co..CiDCln... 19,027261 W. J. HaTes & Oons, Clere... 18.Uia CO UuloM Say. Bk. & Tr. Co., Cln. 18,t)81 00 <'entrai I I (T0L.LXXIX. Delaware, Ohio.— BoHd« Authorized.— Oa Aagust 1 the City Council passed an ordinance (No 22) providing for the iesnanoe of $5,100 6^ coupon West William Street eanltarysewer bonds. Denomination, $170. Date, Sept. 1, lt04. Inter«-8t, semi annual. Maturity, one bond each six months. Deitlson, lewa.— Bids.— Following are the bids received August 1 for the $20,000 it refunding bonds awarded, aa stated two weeks ago, to E. H. Rollins Sons of Chicago at & 100-625 and interest . H. Ronins N. W. Uaisey expenses) A, Sons. Cblc...|20.1SS 00 & Co. (leia $160 ChllllcotliK (Ohio) School District.— Bond O/ertna.— Proposals will be received nntil 18 M., Angnet 30, by James I. Bolger, Clerk Board of Edncation, for $17,000 il4% coupon fnnding bonds. Denomination, |1,000. Date, Sept. 1, 1904. Interest eemi-annnatly at the office of the City Treaenrer. Maturity, 11,000 each six months from Sept. 1, 1907, to Sept. 1, 1915. inclusive. Accrued interest to be paid by purchaser, Certifit'd check for 2% of the amount of bonds bid for, payable to the Treasurer of the city of CDillicothe, required. B)nded debt at present, $40,000; floating debt. |17,000, which amount will be retired by the bonds now offered. Assessed valoation, $5,160,000. Cincinnati, Ohio.— Bond Sale.— On August 15 the $325,000 i% 30 year coupon fire-department bonds described in V. 79, Colby of New York p. 226, were awarded to Herrick, Hicks City at 111 '029. Following are the bids & : Herrick, Hicks & Colby,N.Y.»3<i0.844 Domlnlcfc a Uomlnick. N. Y. 369.417 Union SaT. Bk. & Tr. CcCln. 868,667 858.578 N. W. H aleey A Co N. Y R. L. Day & Co., New York. 358,517 856.703 BeasonKOOd A Mayer, Cln. , . . . . . . 25 60 00 60 06 76 W. Harris 4 Co.. Chic....ffli'6.460 CO W.R. Todd&Co., Clncin... 855, 67 60 ffeder. HoUman «Co.. Cln. 3S4,860 00 N. Prov. Sav. Bk. &Tr.Co ,Cin. 858,4f 00 Atlas Nat. Bk., Cincinnati.. 361,818 50 B. Kleybolte & Co., Clucin. 8^6, i25 00 . Bond» Authorized.— The issuance of $200,000 4<J coupon street-re-surfacing bonds has been authorized; also $26 000 park improvement bonds. The street-re-sur facing bonds aie in denomination of $500, dated Aug. 1, 1904. Interest semiannually at the American Exchange National Bank, New York City. Maturity, Aug. 1, 1924. Clarinda (Iowa) School District.— Description of Bonds, are informed that the $16,000 school bonds which we stated last week bad been sold were awarded on August 6 to Geo. M. Bechtel & Co. of Davenport at par for 4 per cents. Denomination, $500 or $1,000. Date, Aug. 1, 1904. Interest, — We semi-annual. Maturity, ten years, subj ect to call after five years. Clarion, Iowa. Bond Election.— A.u election will be held August 81 to vote on the question of issuing $15,000 water works bonds. Cleburne, Texas.—£ond Election. An election has been ordered by the City Council for August 31 to vote on the question of issuing the $26,000 street-improvement and fire- — station bonds referred to in V. 79, p. 643. Cleveland Heights, Ohio.—Bond OjTeringf.— Proposals will Gt. Phare, Vilbe rer»eived until 12 M., August 30, by lage Clerk, at hia residence on Lee Boad, for $6,750 5% coupon Noble Road bonds. Denomination, $500, except one bond for $250. laterest, April 1 and Octooer 1 at the Fairmount Savings Bank Co. of Cleveland. Maturity, $500 yearly on October 1 from 1905 to 1913, inclusive, and $750 Oct. 1, Accrued interest to be paid by purchaser. Certified 1914. check for 10^ of the amount of bonds bid for, payable to the Treasurer of the village, required. Cljde, Ohio.— Bond .E/ecfton.-An election will be held September 10 to vote on the question of issuing $8,400 43^« Wm, Denomination, coupon water-works-improvement bonds. $500, excppt one bond for $400, Date, Sept. 15, 1904, InterMaturity, $500 yearly on September 15 est, eemi-annnal. from 1915 to 1930, inclusive, and $400 Sept. 15, 1931. CollinWdOd, Ohio. Bonds Defeated.— This place on August 15 voted against the question of issuing $25,000 bonds for the improvement of the water works. Colnmbns, Gta.— Description of Bonds.— The $15,000 bridge and tbe $25,000 fire-department gold bonds voted at the election July 8 (see V. 79, p. 226,) will be issued In denomination of $500. Interest, 4>, payable April 1 and Citober 1 at the — office of the City TreBSurer. Maturity, $2,000 yearly. Colamhas, Ohio.— Bond Ordinances Passed. — The City Council has authorized the issuance of $28,000 engine house, $25,000 North Market House improvement and $3,000 Living ston Park improvement bonds. Bond Election Authorixed, The City Council has passed the resolution submitting to a vote of the people at the fall election the question of issuing $1,200,000 filtration-plant bonds. Bonds Authorized.— Aq ordinance passed the City Council 1-10-year on August 1 authorizing the issuance of $7,500 (optional) Carpenter Street improvement bonds, dated Sept. 1, Interest semi-annually at the office of the City Treas1801. — H urer. Bond Sale.— According the Dallas to has sold at par and interest to John P. O'Brien & Go. of Boston the $30,000 school-improvement bonds mentioned in the Chronicle Aug. 6. Danville, Fa.— Bonds Voted.— ll Is stated that this borough has voted to Issue about $50,000 bonds. Daj ton, Ohio— Bonds Authorized.— On Aug. 8 the City Council passed an ordinance providing for the issuance of $8,500 6 per cent West Second Street extension bonds. De nomination, $500. Date, Ovit. 1, 1904. Interest, semi-annual. Maturity; $5i0 in two years and $1,000 each year thereafter Dallas, Texas. "News," this city until paid. I R. Kleybolte & Co. (lew 1160 expense!) Par Geo. M. Bechtel ACo.(lesiezpen.) Par . Par 1 I Dotban, Ala.— Bonds Not Yet Sold.— We are advised by W. Lisenby, City Clerk, that the #20,(00 5j paving, water and electric-light bonds which this city has been offering for sale have not yet been disposed of and that bids will be received at any time for the same. Dover Township, Shawnee County, Kan.— Bonds Voted,— On August 2 the election held in this township to vote on the qaestlon of issuing bonds in aid of the Topeka Eskridge & Council Grove laterurban Railroad resulted in favor ot the Bonds to the amount of $^2,000 issue by a vote of 85 to 37. per mile of road are to be Issued. Dravosburg, Allegheny Coanty, Pa.— B>nds Defeated.— By a vote of 114 for to 145 against, this borougti on Aagust 6 defeated the proposition to issue $30,000 permanent improveR. ment bonds. Daqauin (111.) School District.— Bonds Fo<ed.—This trict dis- on August 13 voted to issue $28,500 5% high-school- build- ing bonds. Y.—Bond Eilenvlile, N. Offering.— The Trastees of the village will sell at public auction at 2 p. m , August 24, to the person who will take them at the lowest rate of interest, -nomination, $30,000 coupon dyke and repair bonds. Date, S'^pt. 1, 1904. Interest, not exceeding 4t, pay$1,000. able June 1 and December 1 at the First National Bank of Eilenvlile. Maturity, $1,000 yearly on June 1 from 1906 to deposit of 10^ of tee par value of bonds 1935, Inclusive. required of purchasers on day of sale. Bonded debt, including this issue, $39,500. Assessed valuation 19 i4, $282,116. Soru, These are the bonds awarded July 20 to W. J. Hayes Cleveland, but as the advertisement then called for i% bonds, instead of asking for bids at tbe lowest rate of interest, as required by law, thnt sale was not consummated. Elmu (Texas) Independent School District.— Bonds JVbf Sold. —The |4 000 i% bailding b nds t ffered on August 6 were not sold, the best bid bslng $3,800, received from an Austin, Texas, party. The district Is holding out for par. See V. 79, p. 643, tor description of bonds. Bond$ Registered. —The State Comptroller on Aug. 13 registered the $4,000 4{ 10-40-year (optional) sohool-house bonds datea July 1, 1904, mentioned above. Elyria, Ohio.— Bond Sale.—Oa August 16 Fuller, Parsons Snyder of Cleveland were awarded the $88 960 (amount reduced from $64 220) 5^ Middle Avenue improvement and tbe $40,000 5% bridge bonds described in V. 79, p. 283, paying $390 and $552 premium for the same. Following is a list of D A & & bids: PremutfU. . $»0.000 Bridgt Bonds. tiondi. Fuller. Parsons & Snyder, Cleveland Cincinnati Trust Co Kleybolte & Co.. Cincinnati Weil. Roth & Co Cincinnati Seasoniiond & Mayer, Cincinnati Security Savings Bank . S<«vin ee Bank & Trust Co.. Cincinnati LoramToua y Ba kof Blyna P.S Brl«K8 & Co., Cincinnati Deul»on, Prior* Co., Cleveland and Boston Hai den. Miller & Co., Cleveland W.J. Hayes & Sns, Cleveland Lamprecht Br B. & Co., Cleveland Feder, Holzmaa & Co.. Cincinnati Provident . tei.960 ItnpT'Vement $8M0 no 310 00 80100 26100 247 00 2i0tj0 170 00 On 00 b5 00 $61200 41100 48«00 415 00 407 00 80000 870 00 35000 87000 60100 400 00 10260 88000 lOaOO 10000 Empvrla, Ta.— Bond Q^eriwfir.— Proposals will be received September 1, by the Town Clerk, for $30,000 5% y water and sewer bonds. Interest, semi-annual. The official notice of these bond offerings unll be found among the advertisements elsewhere in this Department. Enid, Okla.— Bond Sale Postponed Indefinitely.— We are advised that the sale of the $75,000 water- worfis bonds mentioned In the CHRONICLE of July 9, p. 170, has been postponed Indefinitely. Euslis (Neb) School District— Bonds Defeated.—The until 12 M., election July 20 resulted against the issuance of $6,000 brick scbcol-honse bonds. Fergos Falls (Minn.) School District-Bonds Voted.— This district on August 11, by a vote of 323 to 123, authorized the issuance of $45,000 school-house bonds. Date ot sale not yet determined. Flndlay, Ohio.— Bonds Authorized.— On July 18 the City Council passed ordinances authorizing the iasuance of the following bonds West Lima Street Improvement bonds, maturing $600 yearly on SepteniDer 1 Jrom IttOB to IHll, inclusive, and $l,uuo on September 1 or each of the years 1912. 1013 and I9l4. 6,000 6!i Center Street improvement bonds, maturing $600 yearly o« September 1 from 1005 to 1914, Inclusive. 16,500 6« Both Issues are In denomination of $500, dated Sept. 1, 1904, laterest semi-annually at the office of the City Treasurer. Franklin, Ind.— Bond SaZe.— The $9,000 S}4i coupon achoi 1 repair bonds offered on August 9 have been awarded Co. of Indianapolis at 99 166. Following to E. D. Bush are the bids D. Ba»b & Co., Indian'lli. .|8,eS6 00 |J. T. Wild & Co., lDd'ap*Uf,. .f ?.SSO & . . M : Aug. — —— — — THE CHRONICLE. 20, 1904. 749 Gadsden, Ala.— J^ond 0/«rt«gf.— Proposals will be received Clark, City Clerk, for $25 000 until 13 M., Aog. 25, by C. Authority, vote 146 to 78, 6ji gold conpn city-h»ll bonds. DenominatioD, |1,COO. Intat election held July 29, 1904. erest, St mi SDnually at any banking house that may be designated by purchaeer. Maturity, 30 yearp. Bonds are exfmpt from Slate, county and municipal taxation. Oaleton, Pa.— Bond Sale— This borough sold last month Co., Cleveland, an issue of |8,000 4J^? to Lamprecht Bros. bridge bonds at par and expensf s of issue. Denomination Maturity, $l,noo Intel 68^, February and August. $1,000. yearly from 1908 to 1911, inclusive, and from 1931 to 1934, Henry tonuty (P. 0. Waptleon), Ohio.— Bond OSerivg.— Proposals will be received until 1 p. m,, Sept. 10, by F. J. Beck, County Auditor, for $4,000 4%% coupon Washington Township road-improvfment bonde. Denomination, $500. Date, Oct. 1, 1804. Interest, semi-annual. Maturity, $500 HHch six months from April 1, 1905, to Oct. 1, 1908. inclusive. Draft or check for $500, certified by either the First National Bank or the Citizeiib' Bank of Napoleon, rt qulrtd. Homestead (Pa.) School District.- Bond Sa/e.— On August 15 the $28,000 4% coupon bonds described in V. 79, p. 644, were awarded to the Colonial Trust Co. of Pittsburgh at 100 755 and interest. No other bids were received above par inclusive. and Oardner, JUAB'S.— Note Sale.— On August 13 the $25,000 4? school-house notes described in V. 79, p. 644, were awarded to the Gardner Savings Bank at 103*25 and interest. Follow- Hondo (Texas) IndepoEdent School District.- jDescrrjotion of Bonds.- The $8,000 coupon school-house bonds voted D & ing are the bide Gardner Say. Bank, Gardner. ..10325 Blocmet, Merrill* Co.. Uoston. 10:-i"22 103059 B. h. Day A Co., Boston. I W. S. J. Hayei & Song, Cleveland. 102-04 A. Kean, Chicago lorio | Gllmore * ity (Iowa) Independent School District.— Bond 5-20 year (optional) school bonds offered Sale.— The $9,f00 but not sold on July 1 were awarded on August 8 to thtFirst National Bank of Camden, N. Y., at par. See V. 78, p. 2456, for description of bonds. GleoTiUe, Ohio. -Bonds Authorized.— The City Council, at a meeting held August 1, authorized the issuance of $10,Denom000 6% conpon Brighton Road improvement bonds ination, 11,000. Date, Sept. ) 1904. Interest annually at the Maturity, Sept. 1, 19 14. oflSce of the City Treasurer. GrandTlew 8cliooi District, Spencer Conaty, Ind.— JBond Sale.— Oo Aupust. 13 the $4,000 5% school- house-addition bonds described in V. 79, p. 694, were awarded to the Grandview Bank at 104 375. Following are the bids H , : GrandTlew Bank, Grandview. $4,178 00 Dale Bank. Dale B.M. Campbell * To.. 4.120 OO Ind'llB... 4.115 00 Farmers' Back, Rockport 4,11000 1 I 1 A. Kean. Chlcasro Rock port Bank, Rockport $4,090 00 S. .... 4,08000 WeU, Rotb * Co., Cincinnati.. 4.07160 I Granger (luwa) School District— Bond jE^ZecMon.— As stated in V. 79, p. 170, an election will be held in this district to vote on the question of issuing $6,000 school-building bonds. These bonds, we are now advised, will, if authorized, carry 5i interest and will mature in tea years, subject to call after three years. Great Falls, Mont.— Bond Ifsue Not a New One.— It has been stated in some of the papers that this city recently awarded to the State of Montana an issue of $30,000 refunding bonds. This issue, it should be stated, is not a new one but part of the $141,000 4% 10-20-year (optional) refunding bonds awarded on July 27, 190S, to the Board of State Land Commissioners. These bonds were not delivered to the State in one lump sum, bat are being turned over in varying amounts from time to time. Up to date $105,000 of th«B&xne have betn so delivered and the remaining $86,000 will be taken up as soon as the State has the funds on hand to do so, probably some time in December. The award of these bonds to the State was recorded in the Chronicle Aug. 8, 1903. Greensbnrg (Pa.) School District.— Bond Sale.— On August 4 the 144,000 4% 10-80-year (optional) coupon building bonds described in V. 79, p. 238, were awarded to W. J. Hayes & Sons, Cleveland, at 100 015. Greenville, Hnnt Vonhij,TeTSi8.— Bondt Registered.— Oa August 12 the State Comptroller registered an issue of $16,OfO 5% school-house bonds dated Aug. 1, 1904. Securities will mature in 40 years, optional $500 yearly for ten years, after which all bones will be subject to call. Groton, Conn. Purchase of Water Plant. A dispatch from the borough of Groton to the Boston "Transcript" says: — The boroneh of Oroton has votert to parotaase the propertlps and franohlseB owned by the Groton Ssouritles Company, which Is the holding corporation of the Groton Water Company and the Groton Electric Ll^ht Company. The purchase price Is $20,000 for the electric-lighting plant and |l0ft,000 for the water plant. A mortg»Ke of $76,000 on the properties will be aasamed by the borough. Bonds will be Issued by the borough to cover the purchase price of the plants. interest. July 5 will carry 4% interest, payable anDenually in April at Hondo, Austin or in New York City. nomination, $500. Date, Aug. 1, 1904. Maturity, 40 years, 8u^j>-ct to call after 5 years. The district has no debt at present. Assessed valuation 1904, $390,010. Horseheuds, Chemang Coonty, N. Y»—Bond Offering. The Village Trustees will sell at public auction at 10 a. m. Denominations, August 25 $46,500 water works bonds. Date, Aug. 1, 1904. Interest (rate to be fl,( 00 and $550. 'lamcd in bids) annually at the Chemung Valley Bank of Horseheads. Maturity, $1,550 yearly for thirty years. Persons desiring to bid on these bonds who cannot be present at the sale in person can arrange with E. M. Meyers, Village Clerk, to present their bids for them. These are the bonds awarded on July 80 to Isaac W. Sherrlll of Poughkeepsie, but that sale fell through for iha reason that the bonds were advertised as 4 per cents, whereas the law requires the bidder to name rate of interest upon which he bases his bid. Hadson County (P. 0. Jersey City), N. i.—Bond Offering. —Proposals will be received until 4 P. m., September 1, by the Beard of Chosen Freeholders, for |65,000 4% new countyat the election held — Denomination, Date, Sept. 1, 1904. $1,000. Maturity, 40 years. Certified check (or cash) for $1,500, drawn on a national bank or trust company, payable to the order of Stephen M. Egan, County Colbuilding bonds. Interest, semi-annual. lector, required. John P. Egan is County Clerk. notice of this bond offering will be found among the advertisements elsewhere in this Department. The official Jefferson Connty, Tex. Bonds Authorized.— The County Commissioners on August 10 voted to Issue $125,0l0 4;e 40- year road improvement bonds. ienej Citji if. 3.— Loan Authorized. The Board of Finance on August 10 authorized a loan of $200,000 in anticipation of the collection of nnpaid taxes for the years 1900, Loan will carry 4% interest and will be 1901, 1902 and 1908. payable on demand. Joliet, 111.— Bonds Proposed.— The City Attorney has been instructed by the City Council to prepare an ordinance providing for the refunding of $58,800 permanent-improvement bonds which will become due Oct, 10, 1904. JoplJn, M.O.— Bonds Fofed.— This city on August 6, by a vote of 859 to 147, authorized the issuance of $30,000 lightriant- improvement bonds. This same proposition failed when first submitted to a vote at the election held June 6. Kelsey, 8t. Louis County, Minn. Bond Offering.— 'Pro^^osals will be received until 2 p. M September 7, by J. D. Post, Town Clerk, for $2,000 road bonds at not exceeding 6% Interest. Authority, Chapter 36, Laws of 1903, and also election held Aug. 10, 1904 Denominations, $50, $100 and Interest, March 1 and S-'piember 1 $800, to sjit purchaser. at the First National Bank of Duluth. Maturity, $200 yearly on July 1 from 1910 to 1919, inclusive. Kenosha, Wis.— Bond Election.— The question of issuing from $')0,000 to $75,000 eetver bonds will, it is stated, be snbmitted to a vote of tbe people in the near future. Bonda Proposed. — The issrrance of $25,000 building bond« Is being considered. Kern, Cal. Bonds Not Sold.— No bids were received August 1 for $10,000 4% bonds offered by this town. Securities will probably be re- advertised in the near future. — , Hallo(k Indfpendent School District No. 1, Kittson County, Minn.— /3«na Sa/e.— The $7,000 15 vear refunding bonds tfft-red on August 1 were awarded to F. E. Magrau of St. Paul at 10(i'428 for i}4 per cents. Keystone (Town), Polk County, Minn.- Bond Sale.-The flannibul (Mo. ) Schoui District.— Bond Sate.— We are ad- $2 100 15-year bonds offered by this town on July 19 have vised that tbe $15,000 North School annex bonds recently bt-en awarded to the Vermont Loan & Trust Co. ol Grand voted have been sold to one of the local banks. Forks, N. Dak., at par for 6 per cents. See V. 79, p. 170, for Harper, Kan.— Bonds Fo<ed.— This city on July 35 voted description of bonds. to issue $8,000 electric-light-plant bonds. No date has yet KIsslmmee City, Fla.— Bond Sale.- On Aug. 16 the $7,000 been set for the sale of these bonds. gold electric-light bonds described in V. 79, p. 644, were Harrison, N. J.— Bond* Authorieed,— The Issuance of awarded to the State Bank of Klssimmee at par for 6 per $250,000 bonds has been authorized to meet expenses of street cents. This was the only bid received. improvements and to pay off outstanding indebtedness. Knox County (P. 0. Ylncennes). Ind.— Bond Oir^Hnflf.Harvey, N. Dali. —Borids Fofed.— This place has anthorlzad Proposals will be received until 1 P. M., SeptfJiber 24, by J. the issuance of t>onds for a water- works and sewerage system D Williams, County Auditor, for $16,000 4]4i bridge bonds. Denomination, $625. Interest, June 1 and Dfcember 1 at the by a vote of 87 to 13. Have? hill, Mass. Temporary Loan.— Thla city has bor- Banover National Bank, New York City. Maturity, $1,876 rowed $33,000 Irom Loriug, Tolman & Tupper of Boston at yearly on December 1 from 1906 to 1912. inclusive. d'Sl% d'saount. Loan matures Jan. 16, 1906. Konihichiiig, Minn.— Bond ,Sa/«.— We arn Hdvised that Henderson, Tance tjonnty, N. (3. Bond O^ering, — Pro- the $6,0 10 bonds offered on July 30 have been sold to the gosals will be received until 4 p.m., September 6, by tbe First 8 ate Bank of International Falls. La Grange Connty, Ind.— Bond Sale— An August 15 ;card of Internal Improvements, Henry T. Powell, Secretary, for $15,000 sewer and street-improvement bonds, the $3,897 27 6« ditch bonde were awarded to Sol Roseof LHQraDge same being tbe unsold portion of an issue of $40,000. Seen «nd G. W. Shtfftr of Stursis, Mich., for $4.(i64 13 DenomDa'o. Aug. natlons, seven of $500 each and ore for $997 27. rities offered will mature $10,000 in 15 years and $5,000 In Maturity, ten years. Bids are asked for bonds bearing 4i, 4%% or 6% '6, 1904. Interest, February 1 and August 1. interest. $2,000 Aug. 1, 19C6, and $1,897 27 on Aug. 1, 1907. — H — — —— — : : THE CHRONICLE. 750 Lawrence, M.asB.— Bond O^ertn^.— Proposals will be received until 12 M., Ang. 25, by Dinlel F. Murray, Uity Treas urer, for |66,0U0 4^ coupon school bonds. Denomination, Interpst seml-atinually at the $1,000. Date, Aug. 1, 1904. Eliot NAtional Bank of Boston. Maturity, 12,000 Aug. 1, 1910, and |7,000 yearly on Ang. 1 from 1911 to 1919, inclusive. Leipsic, Ohio. —Bona Sale.— On August 8 this village awarded to the Bank ol Leipsic an iaeue of |4,240 6^ building bonds. Denomination, $1,000, except one bond for |240. Date, June 1, 1904. Interest, semi-annual. Maturity, $i,0(iO yearly on June 1 from 1905 to 1908, inclusive, and $240 Jan» These are the same bonds awarded on May 25 to the 1, 1909. First National Bank of Leipaic, but that sale was uever consummnted, owing to the fact that the issue was not then prop-rly advertised, Lexington, N. C.—Bida Rejected.— AM bids received August 1 for the 160,000 5;^ 40 year street-improvement, waterworks and electric-light -plant bonds described in V. 78, p. I Vol. Lxxix. — Medina, Ohio. Bond Offerinq. Proposals will be received Ang. 22, by O. O. Van Deueen, Village Clerk, for the followirg bonds until 12 M., : coupon West Liberty Street asseiHment bonds. D<>non)lnatloii< •E88 i!l. Date. June '5. 1904. Interest, annual. Maturity, one bond yesriy on PVb. from IH07 to 1916. inclusive. 4,600 00 6% coupon West Liberty Street improvement bonds (city's proportion). Deuumlnailon. |50(i. Date, July 16. 19i 1. Interest. Feb. 16 and Auk. 16. Maturity, $500 yearly on Feb. 15 from 1909 to 1917, In- $5,882 17 b% l.") clusive. Accrued mterest to be paid by purchaser. Certified check for 6% of the amount of bonds bid for, payable to the Treasurer of the VilJat-'eof Medina, required. Mercer Connty (P. 0. Cellna), Ohio.— Bond Sate— On August 13 the (4'J,000 5^ bridge bonds described in V. 79, p. 621, were awarded to W. J. Hayes & Sons, Cleveland, at 109'262, H Middletown, Ohio.— Bond Sale.— Oa August 5 $4,000 Main Street pavlDg bonds were awarded to the MHrchantB* National Bttnk of Middletown at 100'401. Denomb aCion, 2455, were r«^jected. Date, Aug. 1, 1904. Interest semi-annu-illy at the Na$500. Lisbon, Ohio. Bond Offering. — Proposals will be received tional Park B-ink. New York City. Maturity, $500 yearly on until 12 M., September 1, by Lodge Riddle. Village Clerk, for August 1 from 1905 to 1912, inclusive. coupon street- paving bonds. Date, Sept. 1, 1904. $2,300 Milford Ohio.— Bonds Authorized. — The Village Council Denominations, two for $1,000, one for $800 Interest annu- on Ang. 2 authorized the issuance of $1,000 i% water-works1--% ally at the office of the Village Treasurer. Maturity, $300 in two years, $1,000 in three years and $1,000 in four years. Parchaser must pay accrued interest. certified check for lOiJ of the amount bid, payable to the Village Treasurer, required. This offering is in addition to the $6 4<i0 6;? bonds mentioned in Inst week's Chronicle on page 694, the sale of which will also take place on September 1. Bond Offering, Proposals will be received until 12 m., September i6, by Lodge Riddle, Village Clerk, for $4,000 5% 2-5 year (serial) waterworks bonds. Date, Sept. 16, 1904 Denomination, $1,000. Intereat annually at the office of the Village Treasurer. Purchaser must pay accrued interest. certified cheek for 10% of the amount bid, payable to the Village Treasurer, rf quired. A — A (F. 0. Bellefontaine), Ohio. Bond Sale.— 15 the $16,000 5% ditch bonds described in V. 79, Suvings Bank p. 694, ivere awarded to tbe Commercial Co of Bellefontaine at 100'662. Followins are the bids : Commercial & Savings Bank S. A. Kean, Chioafro.... $16,610 00 Logan ionnty On August & I Co., Bellefontaine $16,106 001 Looe Kock (Iowa) School District.— JBond* Fofed.— This district, it is stated, has voted to issue $6,000 school-house bonds. Lnrain, Ohio,— Bond Sale.— On August 2 the following were awarded to Well, Roth & Co. of CiU' innati issues $20,000 4]^t coupon water-works-improvement bonds. Denomination, $1,000. Date. May 1 1904. Maturity, Nov. 1. 1917. Price paid, $a0,ii60. 12,000 6^ coapo' sewer bonds. Denomination, $500. Date. July Ifi. 1904. Maturity, $1,000 on March 16 a>d *1,60U on Sept. 15 of each year from March lo, 1905, to March 15. 1809, and $l,0u0 Sept. 15. 1909. Price paid, »12,010. 14,000 i}i% coupon Black Kiver improvement bonds. DenomlnaHon. $1,000. Date, May 1, 1901. Maturity, Nov. 1, 1917. Price paid, $14.0ia. Interest on all the above issues will be payat)ie semi-annually on March 15 and September 15 at the Chase National Bank. New York City. Lucas County (P. 0. Toledo), Ohio.— JBond Offering.— Proposals will be received until 10 a. m., Sept. 8, by David T. Davies Jr., County Auditor, for $6,000 fi% 1 10 year (serial) gravel road bonds. Denomination, $600. Interest, semiannually at the office of the County Treasurer. Certified check for $300 on a Toledo bank required with bids. Purchaser to pay accrued interest. — LndingtOD, M.icb.— Description of Bonds. W^e are informed that the $50,000 park bonds recently voted will be issued in denomination of |1,000, dated Ju'y i, 1904. Inter- H, payable at the office of the City Treasurer. Maturity, $2,000 yearly, beginning March, 1910. Total debt, including this issue, $268,564 33. Assessed valuation, $2,656,705. S. G. Martin is City Clerk. est, — Lnmberton, Miss. Bonds Authorized. The Mayor and the Board of Aldermen have decided to advertise for sale $25,000 bonds for a water-works system. LflTorue, Ala.— Bond Saie.— This town has awarded to J. >lmes & Co. of Chicago at par less $300 for expenses the M. $10,000 5% 10 20-year (optional) electric-Ught and water bonds offered on August 1. See V. 79, p. 228, for description of bonds. H — MoDnnongh, Ga.— Bonds Authorized by Legislature. The town to issue bonds State Lpgisldture has authorized this for school purpospp. — Bonds Authorized.— The City Council on passed an ordinance providing for the issuance of $10,000 5^ smallpox epidemic bonds. Ddnomination, $500. Date, June 1, 1904. Interest, semi-annually at the offi e of the City Treasurer, Ma'urity, $1,000 on Sept. 1, 1904 $2,000 Marion, Ohio August 1 ; each six months from March 1, 1905, to Sept. 1, 1906, inclusive, and $1,000 March 1, 1907. No Date Set for Bond 6'aie.— We are advised that no date has yet been for the sale of the $54,000 6 per cent sewage disposal-plant bonds referred to in V. 79, p. 645. These bonds are the unsold portion of an ispue of $60,0(i0 They are in denomination of $500. Date, April 1, 1904. Interest March and September at tbe office of the Slnbing Fund Trustees in Marlon. Principal matures $1,5'10 each March and September until 1924, when the last bond m'itures. Mayuard, Minn. Bond Sale.— Oa August 4 an issue of $8,600 b% water-works bonds w»8 awH'd^-d to the BrowneEUinwood Co. of Chicago at 100'153. Denomination, $1,000, except one bond for $500, Date, April 1, 1904. Interest, anrual. Maturity, April 1, 1924, t^et consttuctton-d fioiency bonds. Minerva, Ohio.— Bond Sate.— On August 16 the $6,700 5< and the $1,761 SjJ 1-4year (serial) street-improvement bonds describsd in V. 79, p. 284, were awarded to the Security Savings Bank & Trust Co, Following are the bids of Toledo at 102 36. 1-10-year (Serial) street-improvement : Bidsfor Both Issu's -%S,i6n. Sec Sav. Bk.& Tr.Co.. Toledo. $8,660 00 8.671 60 A. Kieyooite a. Oo.. cincia I I I Seasoneood & Mayer. Ctncln.. 8,65t 45 «ew 1st Nat, B'k, Columbus... Bank of Minerva Co.. Minerva. tirst Nat. Bauk, Minerva Hay den. Miller <St Co.. Cleve.. . 8,575 8.560 8,516 8,460 65 58 00 00 I Bids fnr |6 700 Bond Issue. Prov. Sav. Bk. 4 Tr. Co.. Cln. $6,888 00 DenlsoD. Prior & Co., Cleveland and Boston 6,868 00 Union Sav. Bk. A Tr.Co., Cln. 8.786 00 . j Minneapolis, Minn.— Bond Offering,— Am announced last week, this city is offering for sale on September 5 $i50 000 4j< armory bonds. These bonds were fully described on page 694 of last week's Chbonicle, and the official notice of sale will be found among the advertisements elsewhere in this Dapartment. JUinoesni &.— Alabama Bonds Sold,— Oa August 12 the State Board of lovestment sold to Blodget, Merritt & Co. of Boston the following bonds of the State of Alabama held in the fund as an investment Alabama bonds $502,155 94 54,8111 54 Alabama bonds 10,00192 Alabama bonds It Is Stated that the proceeds of this sale will go towards the purchase of $700,000 capitol-building certificates of indebtedness to be issued by the Capitol Commifsion this fall. Montgomery, Ala.— Boni Election Proposed.. An ordinance has been introduced in the City Council providing for an election September 5 to vote on the question of issuing $40,000 bonds to build a subway for an underground wire system. $404,000 E? State of 64,000 t% Htate of 16,000 4% State of — Muntreal, Qaebec— Bond 0^«ringr.— Proposals will be received until b p. M., August 26, by the City Clerk, for $700,000 i% gold redemption bonds. Denominations, $100 to $2,000. Date, May 1, 1904. Interest semi-annually In Montreal, London or New York. Maturity, May 1, 1944. Bonds are exempt from all taxes. Bonded debt Dec. 31, 1903, $27,000,000. Assessed valuation, $160,000,000. Monnt Vernon, Ohio.— Bond Sate.— On Aug. 15 the $2,500 Q% dvke bonds described in V. 79, p. 285, were awarded to the First National Bank of Mount Vernon at 10480 and inFollowing are the bids terest. : SeasonKOOd k Mayer. Cinoln.. $2,662 60 Lamprecbt Bros, & Co., Cleve. 2.6:29 Oo 2,i02 50 S. A, Kean, Chicago First Nat. Bank, Mt. Vernon. $2,630 00 Farmers' & Mer hants' Nat. 2.60150 Btnk. Mt. Vernon A. Kleybolte * Co.. Cincin .... 2,876 00 Mount Yernou (lU.) High School District.- Bond Sale.— This district recently sold to Mason, Lewis & Co. of Chicago an issue of $25,000 5^ school bonds at 107. Denomination, Date, July 1. 1904, Interest annually at the Fort $500. Dearborn National Bank of Chicago. Maturity, $3,500 yearly on July 1 from 1909 to 1918, inclusive. These bonds have already been placed by the Chicago firm purchasing the same. Napa, C»L- Bond Election Proposed.— It is ptated that this city will probably vote on the question of issuing bonds for tbe construction of a water system. Napoleon, Ohio.— Bond Sate.— On August 17 the $80,000 il^% coupon electric-light and water-worKs debt-extension bonds d- scribed in V. 79, p. 645, were awarded to the Provident Savings Bank & Trust Co. of Cincinnati at 106 15 and FoHowing are the bids : interest, Prov. Sav. B'k& Tr.Co.. Cln $21,230 00 8. Kuhn & Sons. Cincinnati.. .$20,800 00 W.K.Todd * CcClnclnnutt.. 21.050 00 Sec. Sav. B'k& Tr.Co.,Toledo ZO.'bO 00 Seasongood * Mayer, "'li.cln. 21.026 76 vv. J. Uaves * Sons. Cleve .. 20.616 00 Weil. Both A.CO.. Cincinnati. 20,815 00 New IstNat. B'k, Columbus. 2u.S70 0o Nauhville, Teuu.— Bond .fi^^ec^ion.- Tne City Council has decided to submit the proposition to issue $3ii0,000 Peabody College for Teachers bonds to the voters at the general election next November. Bond Election.— An Negnaiive. Marqaette Connty, Mich. election will be neld August 23 to vote oa tae question of issumg $i5,(i00 10-year general-purpose bonds at not exceederest. ing f)^ NelsonTille, Ohio.- Bond O^ertnflf.— Proposals will be received until 12 M Augast 29, by John L*x, City Auditor, D^nomifor $3,315 87 5% coupon street-improvement bonds. ^ nation, $165 79. Date, Sept. 1, 1904. Interest payable at the I I 1 | — m , — ——— — Auo. ———— — THE CHRONICLE. 20, 1904.] office of the City Treasurer. Maturi ty, one bond each six 751 — Pittsburgh, Pa. Bond Ordinance. An ordinance passed Common Council on August 15 providing for the issuance of the $5,000,000 flltrafeion-planfc bonds voted at the election held July 12. Under the ordinance as introduced on August 3, the bonds are to answer to the following descripDenomination, $100 or multiples. Date, Oct. 1, 1904. tion Interest, i%, payable semi-annually at a trust company in the city of Pittsburgh to be designated later. Maturity, onesixth of issue on October 1 of the years 1909, 1914, 1919, 1924, the months. Bonds Authorized by Newnan, Ga. Legislature.— The State Leaislature has passed a bill antborizing this city to issue bonds for electric-lighting purposes. The bill has been signed by the Governor. New Orleans, ha.— Description of Bonds.— The $2,000,000 bonds authorized by the State Legislature of 1904 for the purpose of improving the facilities of the port are to carry 5% interest, payable semi- annually in New Orleans. Denominations, fourteen hundred and fifty bondgof $1,000 each and eleven hundred bonds of $500 each. Date, Sept. 1, 1904, Maturity, $250,000 Sept. 1, 1914; $750,000 Sept. 1, 19^4, and The Board of Commissioners of the $1,000,000 Sept. 1, 1934. Port of New Orleans has not yet decided when to offer these bonds for sale. Norfolk, Ya.— Bonds Authorized. The City Council has authorized the issuance of $165,000 water-main bonds. Norwalk, Conn. Bonds Not Yet Sold, No sale has yet been made of the $34,000 dl4% water bonds mentioned in the — — : 1929 and 1934. Point Pleasant, W. ya.—Bond Offering.— Fropos&la will be received until 12 M., September 10, by the Town Council, for $15,000 4^ coupon street-paving and "improvement bonds. Denomination, ?5'10. Date, Sept, 1, 1904. Interest, annually at the Merchants' National Bank of Point Pleasant. MaturBonded debt, not including this issue, $30,000; ity, 1938, Assessed valuation, 1904, $952,000. H. floating debt, $1,500. R Howard is Mayor. Poynette, Wis.— Bonds Foied.— This village, it is stated, has voted to issue $10,000 water-works bonds. Pueblo, Colo.— Bonds Not to be Issued at Present.— We are advised that the $175,000 •' Public Park Improvement District No. 1 " bonds described in V. 78, p. 2402, will not be issued at present, for the reason that condemnation proceedings have been found necessary in order to secure the prop- Chronicle May 28, 1904. Nonfood, Ohio. Bond Offering.— ProposAU will be received until 12 M September 12, by W. E. Wichgar, City Auditor, for $15,000 4^% 20-year bonds for the purpose of procuring by purchase or condemnation land necessary for Denominations, fifty of $100 each and erty desired. street purposes. twenty of $500 each. Date, August 1, 1904. Interest, semiPueblo County, Colo. , Authority, Section 2835, Revised Statutes of Ohio. Certified check for 5% of bonds, payable to the City Treas- annual. urer, required. Oak Harbor, Ottawa County, Ohio.— Bonds Not Sold.— We are informed that the $5,000 5% Main Street bonds offered on August 8 were not sold. See V. 79, p. 645, for description of bonds. Oakland, Neb.— Bonds 12e-uo<ed.— Owing to the fact that the notice calling the eleotion June 21 to vote on the issuance of $7,000 lighting-plant bonds was not properly advertisea, a second election was held early this month and the issue again voted by 19 majority. are adOconee County, S. Description of Bonds. vised that the $45,000 5% refunding bonds awarded early in July to the Rooinson-Humphrey Co. of Atlanta, as stated in v. 79, p. 521, are in denomination of $500, dated July 1, 1904. Interest, semi-annual. Maturity, $15,000 in ten, $15,000 in twenty and $15,000 in thirty years. The price paid was —We C $45,850. Orchard Mesa Irrigation District, Colo.— Bonds Not Yet Sold. are informed that no sale has yet been made of tne $175,000 e% irrigation bonds offered on July 20. See V. 79, p. 119, for description of securities. Osseo, Wis.— Bond OJferingr,— Proposals will be received nntil September 8, by J. W. Smith, Village Clerk, for $5,500 5% city-hall bonds. Dencmination, $500. Maturity, $1,000 yearly on February 1 from 1906 to 1910, inclusive, and $500 — We We Bond Election,— are advised that the question of issuing the $198 000 bonds to take up outstanding floating indebtedness, mention of wbich was made in the Chronicle July 16, must first be acted upon by the people before the bonds can be floated. Putnam County, Ind,— Bond Sale.— On July 21 E. D. Bush Co. of Indianapolis purchased at par $3,3C0 43^? Cloverdale Township gravel-road bonds and $5,000 43^% Washington Township gravel-road bonds. This sale was inadvertently reported in last week's Chronicle under the caption of Putnam County, Ohio. Qnitman County (P. 0. Bel en), Miss.— Description of Bonds.— The $2f',000 bridge bonds, awarded early in the Co., of Chicago, are in denominamonth to F, R. Fnlton tion of $500, dated Oct, 1, 1904. Interest, i^i. payable annually on Oct. 1. Maturity, 25 years. See V, 79, p. 695, Baeine, Wis.- Bond Sale.— On August 11 the $50,000 i% street-improvement bonds described in V. 79, p. 645, were Savings Bank of Racine at awarded to the Commercial 101-92 Following are t^e bids : $f0,980 00 W, J. Hayes & Sons. 01 ere.. $50,885 00 Commercial & 8av. Bank M,950 00 N. W. Halsey & Co., Chic 60.850 00 First Nat. Bank. Racine R.Kleybo]te & Co., Chicago. 60,910 00 John O'Brien & Co., Boston. 50,700 00 We are inBavenna, Ohio. No Action on Bond Issue formed that no action has yet been taken in the matter of issuing the $40,000 trunk-sewer bonds voted at the election held June 18. Bay County, Mo. Bonds Registered.— The State Auditor on Aug. 15 registered $12,000 5% jail bonds of this county. & & & — on Feb. 1, 1911. Denomination, $500. Ottawa, Out.— Debentures Not Sold.— The six issues of S%i Beading, Pa. Bond Litigation.— A suit has be^n instiand 4% debentures, aggregating $829,972 84, offered on Aug- tuted and will be carried to the State Supreme Court to ust 11, were not awarded. The bids were as follows determine the validity of the $545,000 (part of an issue of $945,000 voted at the election held Feb. 16, 1904,) awarded on f For 1330,760 i% bonds, due 1918, 1913, 1914, 1981, 1P22 and 1928, 97-01, provided a HO-day option be gianted on re June 16 to N. W. Harris & Co. of New York City. It seems Dominion Securities! malnlng 4S6 bonds at same rate that under the law two loans cannot be voted in any one Co., Toronto For *6:si,6t:< U 4? bonds, 96-01 and interest. For »198,<-<;9 73 8J^% bonds, ^2 for bonds due In 1912. 1913, year, whereas the loan the present year was voted at 1-14. and 89>a tor bonds due <n l»ai, 1922, 1923, 1924. I ^ the spring election held February 16 and that of a year ^milius Jarvis & Co., Toronto— For all the bonds, "about" 96. W. C. Brent Montreal- For $i-2,<i00 4» bonds, 96. previous on February 17, 1903, there being, therefore, a day Oity & District savinsrs BauS, Montreal— Kor $16,000 48, 96. less than the full year required by law before an additional Rubtnson & Son, St. Johns— For fBl.liOO 48, 97. We are informed that the 83^« bonds have been withdrawn loan could be authorized. Bobiuson Township, 111.—Bonds Fofed.— At a special from the market and that the city desires par for the 4 per election held August 2 a proposition carried to is^ue $30,000 cents. See V. 79, p. 229, for description of bonds. Paris & Danville Owatoona, Minn. Loan Authori,zed.— The Finance Com- 4% bonds to refund a like amount of mittee of the City Council has been authorized to borrow Railroad bonds Issued in 1834 Round Talley Uuion High School District, Mendveino $1,600 in aotiulpation of the collection of taxes. Loan will Connty, Cal.— Bonds Not Yet Sold.— No sale has yet been mature July 1. 1905 Patoka Township, eibson County, Ind.— Subsidy Elec- -ffected of the $6,000 4J^« bonds offered for sale on July 7. tion, An election will be held August 30 to vote on the ques- See V. 78, p. 28 '7, for description of bonds. Saginaw, Mich. -Bond Sale.— Oa August 16 the $71,000 4« tion of granting a subsidy to the Evansville Princeton & 20year coupon bridge bonds described in V. 79 p. 646, were Indianapnlis Traction Co. Penn ¥an, N. f ,— Bond Election.— A special election has awarded to Estabrook & Co., Boston, at 105'816 and interest, been called Aug. 30 for the purpose of re-authorizing the issu- Follnwiner ire the bids Bstabrook & Co., Boston $76,129 36 W. R.Todd & Co.. C!nclnnatl.$7.<?.600 00 ance of the $85,000 electric-Jight bonds awarded on July 19 to K. D. Shepard & Co., N. Y.... 74,763 00 Seasongood & Mayer, Cinoln. 73.172 60 Blodset, Merritt & Co., Bost. 74,429 .10 W.J. HHTes A Sons,(;ie»<».. 72,637 00 Rudolph Khypolte & Co. of New York City, but eubsequent- Merrill, Oldham & Co., Host.. 74.439 30 Second Nat. Bank,8-Bliiaw. 71,176 00 ly refused by them, We are informed that "the Board of K. Kleybolie&Co., Cincln... 78,911 00 S. A. Kean(no check).. Not considered Trustees have not released the New York firm from their St. Ignace, Mich —Bonds Fofcd.— This city on Aug 8, by contract," and also that should the proposition be rejected, a vote of 255 to 60, authorized the issuance of $15,000 bi 10the Board will at once commence action, being advised by year electric-light -plant bonds. Securities will probably be counsel that the objection raised would not hold good in the offered for sale about Sept. 1. courts." Toe special election was called, however, for the St. Mary's, Ohio,— Bor^d 0;^emjgf.— Proposals will be rereason that "it would be much cheaper and save valuable ceived until 12 M,, Sept. 9, by F. F, Asohbacher, City Auditime." See V. 79, p. 285. tor, for $8,000 b% coupon deficiency bonds, Dr-nominition, : I \ I H — . I | I I ' Penh Amboy, N. J.— Z)e.ccr?p«on of Bonds.— The $19,000 fire-department bonds, recently awarded to the Perth boy Trust Co, at 100'75 are in denomination of .$500 and carry interest at the rate of 4}4i. Maturity, 20 years. Petnloma, Cal.— Bonds Foied.— Tne election on July 25 resulted in Javor of isptjing the $35,000 school-building bonds referred -o in the Cheonicle July 9, Pine BInff, Ark. '^oni U^cnn^.— Proposals will be received un'll Aug. 25, by John M. McCain, Chairman, for $80,000 7% 16-year (serial) Sewer District No, 3 Improvement bonds. Interest, anoual. Pipyaii (I w«) Sihool District.— Bonds Fo<ed,— This disrict bus voted to issue $2,500 school-building bonds. Am — $500, D(»te, and Sept, Sept. 1, 1904. Interest stmi-antiualiy March Maturity, Sept, 1, 1914, Accrued interest to be paid by purchaser. Certified check for W% of bonds bid for, payable to the City Treasurer, required. Salem, Ohio.— Bond Saie.—Oa Aug. 16 $1,020 6^ sewerCo., asses-ment bouds were awarded to Albert Kleybolte Clnclnrati, at 102-50. Securities are in denomination of $204 Date, Aug. 1. 191)4. Saiilt Sle Marie, Mieh.- Bond,* Authorized.— The issuance of $25 000 bonds for general expenses has been authorized by the City Council. Sansallto, tal.— Bonds Proposed.— A mass meetirgof citizens was held August 3, at wnlch an opinion was expressed 1 1, & — THE CHRONICLE. 752 I Vol. Lixn. in favor nf callicg an election to vote on the qnestioo of isening IBO.GOO bonds for a salt- water syetem for fire and streetsprinkliDi; purposes. Scra< tun, Pw.— Bond O^^fng.— Proposals will be received until a p. M., Sr-ptnabr 1, at the oflSce of the City Comptroller, for ihn following bonds $100,0C0 4% pi lice and fire- bpaaqnarterg bulldiDtr and alarmnTS* em bonds, ma' tnnnii $4,(i( yearly on July 1 from ii«OB to J92P. Inclavlve. Se.OCO i» Twei tb and Mnth Sewer District bonds, maturing t2,' 00 yearly on July 1 from 1005 to 1U2». Inclnslve. Both istues are in dt-nomination of fl.rOO, dated Jnly 1, Interest, semi-annnal, The city of Scranton will pay 1904. all taxes asfeppfd on these bonds by the State of Pecni-ylvania, Secnrities will be certified to as to genuineneps by the United Statts Mortgage Trnst Co., New York City, and tbf-ir leRaltty approved by J. H. Caldwell, E-q.. of the same ci'y. Either cash or York draft for |l,(. 00 mnet at the Chenaical National Bank, New York City. Maturity, "thirty years from date of issuance, to be red'^emable at the pleasure of said town after ten years, and at least one- tenth of said bonds to be redeemable each year after the tenth year fn date of iseue in the order of their iseue." Silver Springs, N. l.—Bond t-'ale.-On Au^nt-t 8 thip village sold ti. Ifcaac W. Sherrill of Poughkeepsie at 100 26 an issue of $25,000 A% 1-25-year (serial) water bonds, dated ?ept. 1, 1904, Denomination, $i,000. loterest, annual. Sionx Co., Iowa. Bond Sate. -This county has sold at'par to Rudolph Klejbolte Co Cincinnati, an issue of $60,000 4i court-house bonds. Denomination, |1,' 00. Date, May 1, 1904. Interest, sfmi-annusl. Maturity, $10, COO in each of the years 1907, 1908 and 19(9 and $6,000 each year from 19ia to 1914, inclnsive. aocompanv proposals Major of the city. Sale, trict m : & & New for each issue. Alex. T. Connell ^prclttl Hchooi District, Mahoning — 8eb(lDK Bond Ojfertr/p.— Proposals will be received Connty, is 0.— 2, Springfield, Mas9.—Timporary Loan.— The City Treasurer on August 18 awarded a temporary loan of $100,000 to Morgan Bartlett of New York City at 2 dl^i and a premium of $9 50. Loan matures Nov. 15, 1904. Following are the bids received : Morgan A Bartlett (prem.|9 60).2.3"X)( Blake Bros. & Co., Boston 2-96)t National City Bank, N. Y 2-46% SprlDgflel'l Safe Deo. A Tr. €• 8 00*. Frank E. Jennlson. New York.. 2-75){ Lortnu. Tolman * Tuoper, Best. 3"00# BoLd & Goodwin (prem. II) 28b% JackK'm & Cnrns. Boston 3'9S^ & I | I BlodKet, Merritt&Co„BoatoiL..2'86!( Springfield, NEW LOANS. N. J., & ARMORY BONDS. By Tirtve of resolntions of the Board of Chosen Freeholders of the County of Hudson, State of Maw Jersey, passed at the meeting held Thursday, August 4th, liiOt, sea ed bids and proposals will be recelTed and opened at the meeting of latd Board, to be held in the Court House, Jeney City, on 18T, 1904, at 4 o'clock P. M., for the tale of S63,000 00 "New County BnlldlnK Bonds." Said bonds to be one or more bonds of the County of Hudson, in denomination of not less than $1,000 emch, to run for a period of forty years, to bear date September 1st, 1P04, with interest at four per centum per annnm, payable semi-annually, and to be sold for not less than par and accrued interest. Kach proposal or bid mnst be encloted in a sealed enrelope, endorsed "Proposals for Bonds." and to be accompanied by acerufled check, enclosed therein, drawn to the order of Stephen M. Bgan, County Collector, on some National Bank or Trust Company, or cash in the sum of fifteen hundred dollars. Bidders may bid for the whole or any part ot the issue. The Board reserves the bids right to reject any or all be deemed for the best interests of the if it Connty so to NEW LOANS. MINNEAPOLIS,MINN. Fonr Per Cent Bands. THURSDAY, SEPTEMBER do. JOHN P. EGAN, Clerk. tnst ead S^OOjOOO City of Lynchburg, Va., REFUNDING BONDS. Tbe undersigned will receive Trust Co S'ZSS on Angus*; Z Boston an issue of village LOANS. sealed proposals rntll la (.'clcCK noon, TUf-SDAY, AUOUSI 30lh, 1904, for $20it,0(i0 ibirty year non taxHble Refunding Bonds of the City of Lynchburg, Virginia. These bonds will be Iseuwd In aenonilnatlons of $1,000 each, dated tictober Int, IMO*, bearing interest at the rate of 4^ per annum, payable January and July, at he office of the Treasurer of the City of Lynchburg, Virginia. The check tor s;% of tbe par value of the bonds bid for must accompany each bid said check payable to the Older oi the Treasurer of the City of Lynchburg, Vlrninia, and cwrtined to by a reHronsible bank and depO'<ltMd as a cunranty of good faith. The right Is reserved to reject any and all bids. ' SCHOOL DISTRICT Town of West Orange, OFFICE OF CITY COMPTROLLER. ESSEX COUNTY, Minneapolis. Minn., August 1, 190t. Sealed proposals and popular subscriptions will be received by the Committee on Ways and Means o* the City Council of the City of Minneapolis, Minnesota, at the office of the City Comptroller of said city until 2 o'clock P. M., on Monday, the 5th day of September, A D 1904. for the whole or any part of the One Hundred and Fifty Thousand Dollars ($150,000) of municipal bonds of said City of Minn eapolls authorized to be Issued by the City Council of said city by resolution pasoed October 9th, 180<. and approved October 13th, 190a and said will be sold at said time by said Committee on bonds Ways and Means to the highest responsible bidder or bidders therefor, and the aotnal residents of Minneapolis shall be preferred to all other persons upon such sale. Said boEds will be in denomination of $50, $100, $l.ii('0, and will be dated October 1st. 1903, payable October 1st, 1983. The^e bonds are issued for the purpose of providing an Armory for the Minnesota Mational uuard, stationed within ihe City of Minneapolis, and will b. ar interest at the rate of four C4) per cent per annum, payable semiannually April 1ft and October Ist of each year, principal and interest payable at the fiscal agency of the City of Minnespolls In the City of New York. Each proposal or subscription must state the total amount of bonds bid lor, the denominations thereof, and the total amount otfered for the same. Including the premium and accrued interest hereon from October 1st, 1904, to date of delivery, and each proposal or subscription must be addressed to the $500 and i Committee on By order of the Board of Chosen Freeholders. Bidders will please furnish certified ch ecks, of cash, if conyenlent. New England ^iso,ooo PROPOSALS FOR BONDS. Hudson County, I Neb.— Bond Sale.— This sold at par to Moore, Baker Co. of $8,000 5% water bonds. Denomination, $1,000. Dite, Oct. 15, 1903. Interest, annually on October 15. Maturity, Oct. 15, 1923, subject to call after five years. Spring Grove (P. 0. Spring Forge), York Connty, Pa.— Bond Sale.-ThiB borough has turned over for sale to the First National Bank of Spring Grove an issue ot $7,000 4i coupon sewer bonds. Denomination. $600. Date, July 1, 19 4. Interest, semi-annually at the First National Bank of Spring Grove. Maturity, July 1, 1934, subject to call on any interest-paying date after July 1, 1914. These eecuri-, ties are beirg offered by the bank at 102 and interest, and, w© are informed, several bonds have been sold at this price. Wyo— NEW Spokane Connty (Wash.) School Difitrlct No. 61.— Bond On August 6 an issue of $7,000 5}4% bonds of this diswas awarded to the Royal Trufet Co. of Chicago for $7 050 and accrued interest. until 12 M., of Education for 51,500 by W. M. Jones, Clerk Board 6% building and $1,500 5^ funding and debt-extension bonds. Denomination, $150. Date, Sept. 1, 1904. Interest, annually at the oflBce of the Treasurer Board of Education. Maturity, one bond of each iseue yearly on Sept. 1 from 19C6 to 1915 inclusive. Accruf-d interest to be paid by purchasers, Certified checbs for 5% of the amount of Ixinda bid for, payable to the Treasurer of the Sebring Special School District, re quired. Staeraden(Pa.) School District.— Bond OjTering.— Proposals will be leceived until 9 p. m., September 1, bv Geo. F. Smith, Secretary School Board (P. O. Sheridanville), for $30,0u0 i% school bonds. Denomination, $1,000. Date, Sept. 1, 1904. Interest feml-annnally at the First National Bat k of Sheraden, Sheridanville. Maturity, Sept. 1, 1934. Bonds are free from tax. Certified check for |500 requirrd. Slieridan, fiond Cj^eringr.— Proposals will be received until 12 m., September 5, by J. F. Hoop, Town Clerk, for the sale or exchange of $75,000 coupon bonds issued to take up a like amount of water bonds carrying 6^ interest. Denomination, $500. Interest, rate to be named in bids, but leas than 65t, payable semi annually on January 1 and Jaly I Sept. , vVayi- and Means c>ire of Joshua Rogers, City Comptroller, Minneapolis Minnesota, marked on envelope fro osal for "Armory Bonds." Each proposal or subscription must be accompanied by a cert fled check on a national bank, payable to C S. Hulbert. City Treasurer, for a sum equal to two per ceutum of tbe par value of the bonds bid for as a guaranty. No proposal or subscription will be entertained for a sum less than the par value of tbe bonds and accrued interest to date of delivery of said bonds. The right to reject any or all bids is hereby reserved. Bonds will be delivered to the purchasers thereof at the office of the City Comptroller, in Mii neapolls, Minnesota, on <ir her re October 10th, lOot. or at the office of the United States Mortgage & Trnst Company, in New York City, on October 4 I Aew York City. The bon. s will be engraved under the supervision of and certified as to genuinenesv by tbe UNITED STATES MORTGAGE & TRUST COMPANY, and the legality approved by J H. C«ldwell Esq., of New York City, whose opinion as to legality, or duplicate there f, will be delivered to the purchaser. The proceedings reUtive to the ifsue of the Iwnds have beep approved by the Hon. Robert H. McCarter, Attorney-Generol of the State of New Jersey. Mids must be on forms furnished by the board. A certified check on a national bank r trust company, payable to tbe order of h rank L. Baldwin. Clerk, for 2 per cent of the amount of bonds bid for must accompany each bid Bids will be opt-ned in a public meeting of the Board of Education, at the Hiifii School. Oasion street. West orange, N. J.,ai8:30P. September6, 19 4. The right is reserved to reject any or all bids. For blank form of bid and circular or inrormatlon, address B'rank L Baldwin, District Clerk, West Orange. N. J., or United States Mortgage ft Trust Company, 6S Cedar Street, New York. O. E. FREEMAN. N. N. SMITH. • M W. JAMES U GILLIAM, J T. COLEMaN, WM. v. WILSON JR, Committee on Finance. AND \rc: La Salle ARK OFFERING MUNICIPAL BONDS Oo., WHICH WE CAN Street, Cbicago. FCf-LY RECOMMBND FOR INVESTMENT. CORPORATIOM BONDS Z7Z GARRISON. BONDS. ; HUMICIPAL P. , Finance Committee of the Board of Edmcation, Town of West Orange, N. J. 17th, 190*, & J., Sealed proposals will be received by the Clerk of the Board of Education of the Town of West Orange, N. J., at West Orange. N. J., until 8 P.M. SEPTEMBER 6, 1904, for the purchase ef all or any of $65,000 i% Coupon School Bonds of the Town ot West Orange, N. J. Bonds to be of the denomination of $1.00" each, to be dated September St. 1901, and to mature $&,0<>o in 20 years and $10,000 annually tbe'eafier for the next five years. Interest payable spmi annnallv on March Ist and September 1st. Both priucipal and interest payable at the United States MortgaKe & Trust Company, at tbe option of the purchaser. By order of the Committee on Ways and Means of the City Cou' cil. JOSHUA ROGERS, City Comptroller. MacDonald, McCoy N. PER CENT SCHOOL BONDS. F ARSON, 35 LEAOH & CO., NASSAU STREET, NEW YORK. CHICAGO. PHILADELPHIA. BOSTON. — . :: THE CHRONICLE. AUfl. 20, 1904.1 Bonded debt, this issoe Ttdnation 1904 $885,000. floating debt, $3,650. ; will mature $3,000 in two, in three, in four and in five years Bids are asked for at par bast-d on the after dute of issue. lowest rate of interest not exceeding 5f at which the bidder will take the bonds. Tempe, Ariz.— Bond OJfertwg The City Council is offering for sale the $4,000 Tonto Boad bonds anthoriEdd at the election hel ' April 30, 1904. Terrace Park, Oliio,— Bond Offering. -Proposals will be W. Hidrhlands, Vilreceived until 12 M., September 17. by lage Clerk, for $1,100 5% 1-10-year (seria') coapon Miami Avenue improvement bonds. Denomination, $110. Date, Sept. 1, 1904. Interest semi-annually at the Western Garman Bank of Cincinnati. Accrued interest to be paid by Assessed Standlsh ( Mleb.) 8ehool District.—SondA Voted and Sold. dlsttict on Angnst S voted to issne $7,600 bonds to retire ontstandiDg indebtedness and to bnild a new school house to cost $8,500, and, we are advised, the bonds have already been sold to Noble, Moss & Co. of Detroit. This is the fonrth time this year, it is stated, that a proposition to issue bonds has been submitted to the voters, the question —This — A having failed on th(^ three previous occasions. Stillmore, 6a,— iVb Bond Election.— Vfe are advised by the CJity Recorder that the reports in Southern papers that an election would be held in this city to vote on the question of iBfluing bonds for water-works and school improvements is purchaser. Toledo, Ohio.— Bonds Authorized.— An ordinance passed the City Council on July 25 authorizing tbe issuance of $' 223 47 i% sewer construction bonds, to be dated July 29, not correct. SwiSBvale (Pa.) School District.— Bond Q^eriwgf.- ProSeptember 20, by Dr. W. T Pyle, Secretary, No. 7479 McCIure Avenue, Swissvale, for $41,000 i% coupon school bonds dated Oct. 1, 1904, and maturing as posals will be received until 1904. Bonds Proposed. & sessed valuation, $4,859,805. The offlcial notice of this bond offering willbe found among Department, Tex.—Bond Sale.~On Aug. 15 the $35,000 5^ oityhall bonds described in V. 79, p. 698 and 646, were awar led Co., Chicago, at 103. to N. W. Harris Taylor, —The City Council New the city. Tronp County, ( P. 0. La Grange), ^A.—Bond Sale,— Oa Aug. 15 the $50,000 4% conrc house bonds, described in V. 79, p. 647, were awarded to the Third National Bank of At- & Taylor (Pa.) Sbool District— Bond 0#eri«a.— Proposals Q will be received until August 31, by Evan Watkins, Pres ident,|forr$40,000 4J.i« high-school bonds. Authority, election D-nomina'ion, $500. Maturity, $20,000 Sept. July 31, 1904 Bonds are free from tax. 1, 1914, and |2),0C0 Sept. 1. 1920. Present debt cf district, $3,000. Assessed valuation, $1,047,- lanta at par- Troy, Idaho.—Bond Ojfer tngf.— Proposals will be received B. Fisher, Village Clerk, . September 6, by R, until 8 p. for $4,430 5^ 10-30-year (optional) waterworks bonds. De- m nomination, $f)03. Wagner, Altkia County, Minn 649. BOND LOANS. #41,000 Pa., City BOND DEPARTMENT. Monett, Mo. of SCHOOL BONDS Notice is hereby given that $14,800 5^ refunding water bonds issued by the City of Monett, Mo., under date of January let, 1898, (due Jan 1st. 191^, SwJssvale. Pa., August 8, 1904. District or the Birougb of Swlgsvale rectiTe sealed bids until TUESDAY. SEPTEMBER 80, 1904 for $41,000 4% Coupon School Bonds dated October 1, 1004, and maturing ia series as follows optional as to payment since Jan. Ist, lOOn) same being Nos. 1 to 14 o $1,000 each and No. 15 of $8U0, and also $4,000 6% city bnll, jail ana water bonds Issued by said city on June Isr, 1896, (due 19i0, optional since June Ist, 1901.) the same beinu Nos. 2 to 9 of $500 each a^e hereby called for payment on the 29th day of August, 1904 and that interest on said bonds will cease after thai date The $14,800 refunding water bonds are payable at Tbe School •will 1906, SI.OOO 1906. 1.000 1907. 1,000 1006, 1.000 1909, 1,000 1910, 1,000 1911. I.COO 1918, 1,000 1913, $1,000 1914, 1,000 1915, 1,-00 19.6, 1,500 1917, l,5(i0 1918, l,f.00 1919, 1,500 1920, 1,500 1921, $1,500 1922, 1,500 1923, l,fi00 19^4, 1,500 1925, 1,500 1926, 1,500 19 ;7, 1,500 1928, 1,500 1929, $1,500 1930, l,f.00 1931, 1,500 1932, 1,600 1933, 2,000 1934, 2,000 The present indebtedness of the School District is $5H,0i0 4)C Coupon School Bonds, maturing; as follows 1904, $1,000 1910, $2,000 1916, $2,500 1922, $3,50'^ li-ll, 2,600 1905, 2,000 19 7, 3,000 19=!3, 4,0(K) 1906. 1,500 1912, 2,0iMl 191H 3,000 1924, 3,5' '0 1907. 2,000 1913, 2,500 19 9, 3.000 1925, 1,500 1908, 2,000 1914, 2,hO0 1920, 8,500 1909, 2,i00 1915, 3,0 1921, 30U0 the National Bank of rommerce. New York City, and the $l,00o city hall. Jail and watur bonds are payable at the National Bank of Commerce, New York City. Said bonds mar be presented at their place of payment, or at the banking house of N. Harris & Co. in the City of Chicago Dated at Monett, Uo., this i:'th day of August, P. Issued bonded indebtedness, including the above proposed Issue of bonds, will be |97,too, or 2 per centum of the prenent taxable valuation of property in the School Dstriot of the Borough of SwissTale, which ist>.f5M8 5 No bid for leos than pa will be considered. Address all bids to Dr W. r Pyle, Secretary, 7479 McClure Aven .e, SwiSHVale, Pa. By order of the Board. A Ij. lee President. W. T. PYLE, Secretary. ^30,000 Town of Emporia, Va., WATER AND SEWER BONDS, H. Chicago, Railroad, Offers Printed 3$^% Co., 30 Congress Street, Boston. MA8HAD »TKEET, NEW TUKIi. of Hraporia, Va.. will rerelve f' r lao.cO" Water and Sewer Bonds, 6% interest, payable sPtn'-annuflilv. I'ropoHQls mil be ff reived until noon SKPTEM1st, and bids will be "pei ed in the presence of the bidders on tbe niK lit of the Ist. Mark all proposals on outs <1« All InformHtion cheerfully furnished on application to Tnwn Clerk. J' HN K. GiIZZARD, Emporia, Va. iVIUNICIPAL AND Public Service F. R. FULTON & CO., OorporatioD New York, Rudolph Kleybolte& Co. BANKERS, DIALERS IN MUNICIPAL, RAILROAD and STREET RAILWAY Municipal Bonds, 171 LA SALLE STREET, CHICAGO. GOLD 2 Wall Street, HTATE. CITT A RAILROAD BONDS BKR CITY T.W.STEPHENS & CO.. BANKERS 16 upon TAX-EXEMPT BONDS. The Town Council bids and prices application. lists NEW YORK Notice is here given to the bolder of Bridge Bond ouniy, State of No. 2 ($1,000). issueii by Kent Texas. August 15th I'^m to surrender said bond for payment, as Kent Couuty.of the State of Texas, will no lunger pay interest on taid bond. J. B. JAY. County Judge. Kent County, Texas. Aug. llth. 1904. & Municipal and Cor* poration Bonds, conservatively issued, KENTCOUNTY,TEX. Blodget, Merritt Illinois. yielding investors 4^ to 5}4%. ATTAWAY, City Clerk. BOND CALL. 1 The total THE AMERICAN TRUST & SAVINGS BANK, W 1904. O^eringr.— Pro- INVESTMENTS. CALLS. BOND CALL. Borough of Swissvale, — Bond posals will be received until 10 a m., September 8 by Haakon Hille, Town Clerk (P. O. Finlayson), for $2,000 5-8-year Authority, (serial) road bonda at not exceeding Q% interest. Chapter 36, Laws of 1908. Interest, annual. Tazewell, Ta.—Bond Q^erinflr.- Proposals will be received at any time by S. D. May, Attorney- at-L aw, Tazewell, for $12,000 of the $15,000 coupon street and sidewalk improvement bonds voted at the election held July 20. Securities NEW has under considera- tion the question of issuing $500,000 'i% 1-10 year bonds for the purpose of acqairing real-estate, purchasing right of way and enlargipg and extending the present water system of the Denomination, $1,000, loterest, semi aDouilly at the clfy. Trust Co., York City. United States Mortgage Treaton, N. J. Bonds Proposed.— Ab the result of a conference of city oflSclals held Aug. 12, an ordinance was recently introduced in the City Council providing for the issnaoce of $570,000 4% bonds to take up the floating debt of follows: $1,000 yearly from 1905 to 1914, Inclusive; $1,500 yearly 1915 to 1933, inclusive, and $3,000 in 1933 and in 1934. Bonded debt of district, including this issue, $97,000, As- the adxKrtisements elsewhere in this 753 1 BONDS. NASSAU STREET, NEW Interest Paid on Daily and Time YORK. Deposits. EatablUhed 1M8S. BONDS. E. H.ROLLINS & SONS BOSTON. OeBTw. ClUeuKO. San FraneiBc*. H. C. Speer 159 La Salle COUNTY AND TOWNSHIP CITY Company 8c St., Chicago. BONOS ^*^w. CLINTON GILBERT, 2 Wall Street, BANK it New York. TRUST COMPANY STOCKS. : THE CHRONICLE. 754 Ware, Ma8H.— Town Meeting to AutJiorize Loan.— A spsclal town meeUng will be held Ang. 25 to anthorize a loan of |6,000 at not exceeding i}/i% interest to provide ineanB to repair the town hali. Warren, Pa.— Bond Offering.— Fto-poB&]B will be received until 12 M,, Sept 3, by T. O. Slater, Chairman Finance ComDenomination, mittee, for 140.000 i% registered bonds. D<ite, Sept. 1, 1904, Interest, eemiannnal. Mitur$1,000. Bonds are free ity, 30 years, subject to call af ler 10 years. of all taze?. ffenatcbee. Wash.— Bond 8ale.—0a Anguet 9 the $16,000 20-year gold coupon water-extension bonds described in V. 79, p. 524, were awarded to the Board of State Land CommiesioEers at par for i}4 P*''* cents, the right being given the city to redeem the bonds after five years. Following are the bids: Board of state Land Commis- —^Right giren >. $16,028 Coffin (for 5») * city to pay off Morris Bros. & CbriBteasen (for I 'Par sloners (for 4J^8) C.H. '$'6,820 68l | I N. I 8. bonds after W. Harris & Co A. Kean (for 6b) Par (tor Bs) Par five years. J.) School District.— Bond Offering.— Proposals will be received until 8 P. M. Sept. 8, by Frank L. West Orange (N. Baldwin, Clerk Board of Education, for |55,000 4% coupon school bonds. Denomination, $1,000. Date, Sept. 1, 1904. Interest, semi-annually at, the United States Mortgage & Trust Co., New York City, which company will certify as to the genuineness of the bonds. Maturity, $i,000 in twenty years and $10,000 yearly for the following five years. The proceedings relative to the issuance of these bonds have been approved by Hon. Robert H, MoCarter, State Att;orneyG-eneral, and the legality of the issue has been passed upon Caldwell, Esq., of New York City. Certified check by J. on a national bank or trust company, payable to the order of Frank L. Baldwin, District Clerk, for 2% of the bonds bid for, required. Bids must be made on for a s furnished by district. H The of this bond offering will be found among offlcial notice the advertiifments elsewhere in this Department. [Vol. LKXii. West Wasbinirton, Pa.— Bond SoUe.— On Ang 18 the $50.. ODO 4J^« street- improvfment bonds described in V. 79, p, 647, were awarded to N. )lme8 Bone, Pittsborgb, at 10230 and accrued intpreat. Following are the blrtii: N. Holmes A Sods, Pittsb'K $61.150 00 Lamprecht Bros. ACo., CleT.$61.017 00 W J UaT«»4 Sons. Cieve... 6l,('Hl 00 W. K. ToddiCo., Clncln.... 60.58600 Hayden. Miller & Co., Cleve 61.0;5 00 H & i I West Washlngt . (Pa ) School Ulstrict. -Bonds Voted.— The School Board, it Is stated, has voted to issue $20,000 additional pchool-house bonds. WetuBkiwin, Alberta. N. W. T.— Bonds Not SoW.-Noaale has yet been made of the $25,000 5% debentures offered on July 22. White Biver Township, Gibson Coanty, Ind.— Subsidy Election.- On Aug. 30 the question of granting a subsidy to the Evansvilie Princeton & Indianapolis Traction Co. will be pubiaitted to a vote of the people. Winfleld. Kan.— ^^ond HaU. Oo Aug 15 this city awarded to J E. Jdrvls of Winfleld $S9,«i'iO water, $30,000 light and bonds for $134,751. Denomination. $1,000. $15,000 gas Date, about Oct. 1, 1904. Interest, semi-annual. Maturity, — H 20 years, subject to call after 10 years Woodbrldge Township (N. J.) School District— Bond O^erin.0,— Proposals will be received until 8 p. m., August 25, by the Board of E lucation, for $3b,000 4* coupon bonds. Denomination, $1,000. Dite, day of purchase. Interpst, Jan. 16 and July 15 at the R^hway National Bank of R'ihway. Maturity, $1,000 yearly from 16 to 20 years, $2,000 yearly from 21 to 35 years and $3 000 in 36 years, all dates inclusive. Legality of proceedings has been approved by the State AtBonds now outstanding. $38,000. Assessed torney-General. valuation, $3,000,000. E. C. Ensign, District Clerk. Coanty, Worcester Mass.— Temporary Loan. R ibinson — Fisk & of Worcester have loaned the county $20,000 at 2'70^ discount in anticipation of the collection of taxes. Loan matures Oct. 15, 1904, This is said to be the lowest rate at which the county has ever been able to borrow in anticipation of taxes. Yonkers, N. \.—Bond Offering. Proposals will be received until 10:30 A. M,, August 23, by John E. Andrus, Mayor, for $44,600 4^ deficiency bonds. Authority, Chnprer 406, Laws of 1904. Date. Aug. 26. 1904. Maturity. $10,000 yearly on Aoril 1 from 1905 to 1908, inclusive, and $4 600 \pril I, 1909. — TRUST COMPANIES. BOWLING GREEN TRUST CO., 26 BROADWAY, NEW YORK. Capital, 92,50O,0OU 8arpla8,$2,500,000 OFFICERSt NASSAU STREET 15 TRUSTEES t Alvin James H. Hyde, EQUITABLE BUILDING. W. J. Hubbard, Briidlsh Jolmson, L. L. Gillespie, William Alexander, Alvln W. Krech, M. Hartley Dodge, H. M. Alexander, 8. M. Inutan, Frederic R. Coudert, H. H. Porter Jr. W. H. Crocker, C. F. Adrms 2na, John M. naU, Edward M Housr, FuUe, F. "W. Sec. D. H. Moffat, L. Gillespie, Clarence H. Mackay, WlUlam H. Baldwin Jr., SL wmiam O. Van Home, Ohaonoey M. Depew, W. B. RanMne, Solicits Geo. H. Squire, Vice-President. Gage £. Tarbell, John F. Dryden, T. De Witt Ouyler, Lawrence James Henry Bmitb Vice-President. William H. Molntyre, T. H. DIKBCTOK8: Otto H. Kahn, James H. Hyde, H. C. Frick, O. B. Alexander, LAW8 W. Alexander, V. P. Snyder, O. and Treas. Lyman Rhoades Jr., Asst. Secretary, H. M. Walker, Asst. Treasorer. \ Myron T. Herrlok. Edward T. Jeflery, Edward R. Ladew, Charles P. Armstrong, Prank Bralnard. Robert C. Clowry, Edmund C. Conyerse, Wm.Nolson Cromwell. GrenviUe M. Dodge, A. Goei el, Kdwln Gould, li^ank Jay Gould. George J. Gould, John A. HUton, William M. Laws, J. W.Mlddendorf, William WUlls Merril'. Winslow 8. Pleroe, Fiederlok B. Schenck, William H. Taylor, Edward R. Thomas, John P. TruesdeU, H. F. C. Young. L, F. Loree. Deposits of individuals and CorporatJons« Interest on Daily Balances. CAPITAL, $3,000,000. PrealdMt VIce-Prea. CHAS. P. ARMSTRONG Sd Vlce-Prea. JOHN A. HILTON. 3d Vlce-Pres. dt Treaa. Secretary WILLIAM M. TRUSTEES Krech, President. Demlng, E. H. Harrlman, H. EDWIN GOULD WILLIAM H.TAYLOR....l>t SURPLUS. ^9,000.000 INVESTMENTS, INVESTMENTS, & Burr, INVESTMENT BONDS INVESTMENT BONDS. ENGINEERS. H. M. Byllesby & Co., INCORPOKATED. ENGINEERS. Perry, Coffin 60 State Street, SEND FOR LIST. DESIGN, CONSTRUCT AND OPERATE RAILWAY LIGHT, POWER AND HYDRAULIC PLANTS. 3ENISON, PRIOR & CO CLEVELAND. BOSTON. Examinations and Reports. BOSTON. New York E. Life Building, CHICACO, ILL. T. B. POTTER, MUNICIPAL and RnxSHQ STOCK CERTIFICATES o\J^U^, BONDS Also Handsomely ergraved MUNICIPAL BONDS. C. Stanwood & Co. CORPORATION 95 BANKBU8. Milk Street, BOSTON. : 172 Washington Street, (;HlCAOO, LIST ON APPL.ICAT10M. 1L.L.& »toel plate effect. Ibe cheaoer kind, punlv litbograpbea and partly printed from type. loO Stock Ce'tiflcates, $3 to 125: the latter ei liraved wuh steel pla e borders — elegMnt. Seal Press, If with Certiflcates, tl 50. ALBEET B, KING & CO,, 105 William St., N.Y. Engravers and Litbographers. 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