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—
1
.
1
1
mmm0
INCLUDING
and City Section (semi-Annually)
Street Railway Section (^^^aS^^)
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
State
Entered acoording to Act of Congress, in the year 1904, by William B. Dajta Company, in the office of Librarian of Congress, Washington, D. C.
A weeftly newspaper entered at Post Office, New York, as eecond-class matter— William B. Dana Company, Publishers, 76i^ Pine St., N. Y.
VOL.
SATURDAY, AUGUST
79.
1904
27,
NO. 2044
\i
Clearings at
I
1904
e€k endini
August 13
hit. or
1903.
\WZ.
PUBLISHED WEEKLY.
Terms
ol
Subscription— Payable in Advance
0«e Year
For Six Months
$10 00
6 00
13 00
7 50
B'or
European subscription (including postage)
European Subscription Six Months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in Loudon (including postage)
Subscription includes following
£2
£1
14s.
lis.
Sections —
State and City (semi annually)
Bank and Quotation (monthly)
EailwAT AND INDUSTKIAL (quarterly) Street Kailway (a times yearly)
I
1.230. i«y
-85
-63
+0-2
—08
+2 5
1.394.707
-21-7
1.42-2,257
1.45-2.243
620,000
—
625,631
369,676
874,428
379.8 !9
4-27.04-.:
-2 1
+0 8
-130
50s, 73
—26
5
319 089
Total Mew Eneland.
124,772,22»
135,850.566
-a-z
130 075.096
128,941,110
162,682.400
24,006,950
ll.»52.680
10,263.024
6,765,533
6.008,306
3,965,100
3,188.180
2.686.249
2.100.422
1,491,723
1,122,405
511,300
157 840.268
+31
+164
144 913.038
19,:5l.90O
10 9(50.800
8,604.752
132,156.840
16.378 150
Boston
Providence
Hartford
—
New Haven.
Spriuafleld
Worcester
Portland
River
Lowell
New Bedford
109 908,878
120,149858
5,«31,«00
1,945 665
1.758,820
1,260,473
1,092,181
6.011.000
ITall
Holyoke
1.94-.3.241
1.773.639
1
340,279
+ 11
114,899,602
5,3!I9,600
2.01)1.894
1,511.782
1.326.187
1 491.121
1.199.781
847.094
459,780
559.106
4
114 937,178
5.218,200
1,788.129
1,333,071
1,265.402
1.421.811
1.112,449
630.275
584.488
381,398
267,71
1
Terms
Advertising— Per Inch Space
ot
Chicago
ClDcionatl
Transient matter per inch si)ace (14 agate lines)
'
Standing Business Cards
Two Months
Three Months
(8 times)
(13 tunes)
20
f4
22
29
50
87
;,
Six Months
(26time8)
Twelve Months (52 times)
00
00
00
00
LONDON AGHNTS:
Cleveland
Detroit
.Milwaukee
Indianapolis.
Columbus
Toledo
Peoria
Smith, 1 Drapers' Gardens, E. C, will take sub
(criptions and advertisements, and supply single copies of the paper at Is.
Grand Rapids
Dayton
each.
Akron
Edwards &
Messrs.
H'lL.IilAITI B.
DANA COMPANY,
Pine Street, Corner
Post
Box
Office
ot
Publlsbers,
Sprin^eld,
Pearl Htreet,
NEW VOKK.
9^)8.
York.
Boston
PbUodelphta
Baltimore
Chicaeo
St. Louis
New Orleans
.
cities, 6
cities,
Total
The
days.
5 days
5 days.
all cities,
All cities, 1
Total
O
P. Cent
1903.
Ouincy
Decatur
Mansfield
Jacksonville
Jackson
Ann Arbor
Total Mid. Western
San Francisco
Los Aneeies
..
day
Portland
3,240,00'"
Spokane
2,015,252
1,849,142
578.738
401,453
232,615
$829,547,633
83.010.041
75,665,081
15,755,083
155,793,006
38,741,185
9,443,608
*714,00 1,396
78,313,163
88,169,632
14,493.919
124.050.653
85 718,196
8.407.786
+16-2
-14-2
+8-7
+24-9
+8-5
+12-8
FarKO
Sioux Falls
81,207,955.637
246,092,411
fl.073,760.745
284,979.461
+13-6
+4-7
Omaha
$1,454,048,048
296,487,623
$1,298,740 206
241,279.291
+120
Denver
Des Moines
Tacoma
+60 Heleua
all cities
+22-9
ToUl
Pacific.
Kansas City
St.
St.
Paul
Joseph
Sioux City
for week.
*1.750,635,67l
+13-6
$1,540,019,497
Topeka
Davenport
vvichita
week covered by the above will be Colorado
Springs...
given next Saturday. We cannot furnish them to-day, clear- Fremont
Cedar Rapids
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
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
full details for
the
We present below our usual detailed figures for the previous
Louisville
Houston
week, covering the retm-ns for the period ending with Satur- Galveston
Klchmond
day noon, Aug. 20, and the results for tlie corresponding Savannah
Memphis
week in 1903, 1902 and 1901 are also given. Contrasted with Atlanta
the week of 1903 the total for the whole country shows a gain Nashville
Norfolk
of 0-2 percent.
Outside of New York the decrease from 1903 Fort Worth
is 0*7
lilrmlnKham
Knoxvllie
per cent.
805,112
531,105
454,356
418.285
295.795
3W2,458
320,000
254.779
186.072
244,024
199.951
85,579
241. 9? 6, 102
29,614,117
5,747.154
4,230.272
2.710,958
Seattle
Salt l.,akeCity..
Minneapolis
Seven
Other
1904.
Lexininou
CantOD
Rockford
Bloomin^on
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Aug. 27, have
been $1,750,535,671, against 11,868,942,404 last week and
$1,540,019,497 the corresponding week last year.
New
656 975
475.333
111
YouuKstown
Kalamazoo
SprhiKfleld.
CLEARING ROUSE RETURNS.
Clearings— Hetums oy 7 elewaph.
Wuk Ending Augtist 27.
Bvansville
Week ending August
1904.
1903.
1
nc. or
Dec.
1902.
190L
i
1,114.427.04H 1.105.338.488
02.990, 285
101,H72.49N
86,392.250
44,154.9rt9
1M,155.H42
19,621.369
6.941,268
6.639.073
3,273.048
3.504. 7.'iO
3.3H().456
3.340.HH8
2,033,.'-.10
1 ,935.670
l.;i6 1,054
1.432,153
1,124.'165
1.200,077
l,O0a,2>55
1,240.748
Philadelphia
PitUburch
Baltimore
Buffalo
WaAliiHRton
Albany
Kocheater
Bcraiitun
Byracuiie
WIlmlDLfton
Wilkes Barre
Whee.tnar
BIncbamton
QreenRbarrr
Chester
Brie
rranklln. Pa
-17«
3r.76'c;.»l»N
31.H;m.7H6
-2-4
+4-6
-8-2
23.HH4.697
0.700.291
2.H15H11)
19.12W.4:i3
4-1-2
2.70l.:t75
1,866,01);
1 239. 964
1,210,69k!
954,0v;6
fs-i
-5
-6-3
-191
..
li;7.2^9..'J5S
5470.570
1 7
•^
1
7
660
7
4()9
—
1
-J-9-8
3,836.300
3.078,810
-4-3
-3-0
2,518.64i
1,580.908
+13
3
-0-1
1,4-20.180
993,797
629,700
635.625
521,117
606.932
571.851
532.677
339,980
874,108
291.711
311.570
2^6.130
182.182
215,049
158.789
64,279
+180"
+33-1
72,555
235.858,855
+2-6
218 548.645
87,707.21
4.482.750
3,837.71
2,164,713
2,834.784
1,949,860
1.804.417
+6-9
+28-2
+10-2
+25-5
+ 14 3
23,506,322
4,163,914
2.565.952
3,588,361
2 352.251
-1-2-5
1.534.387
440.9.58
+312
+21—6-1
661,743
312.681
215.878
512.075
247.890
1,042.827
-la
-7-1
—14-6
600,000
502,835
618.582
502 984
373.272
433.707
+233
3-23.762
+34-6
3
250.981
223.874
197,240
+12 4
2!S9,816
+2-1
+13 5
193,517
184.162
-1-25-9
144,:J69
+3-3
—8-8
+32*8
-21-1
-1-4
1.4:^0.3-26
Outside
New
252,408
228.615
90,000
161.319
151,896
48,478
198.2a4.168
18,932,356
2,521,257
3.318.972
8,398,227
2,002,460
996,068
992,794
538,988
248 831
177.400
20,072.501
10,151.243
6,574.161
5,414.682
4,103,431
17.473,769
11 239.408
6.848.378
4.079,163
4,803.584
4,319,7';i5
4,200.1-28
1,851.897
1,561,203
1.123.634
1,465,995
699.933
55S.707
552.609
4,398,504
1,974.026
884 190
1.115,0,31
654,049
494.637
587 8'
— 11-8
-20
+17-3
-260
+5
+6
1.0.58,•^50
1,193,156
161482
833.979
550 936
960,011
154,897
5r,195.208
58.861,636
80,467,563
9,701.301
8.488.181
0,140.368
89.731.809
+ 110-1
4-2-7
600.000
123.5-22 +54-8
190,735
400.000 Not Incliule d in to
lal.
63,590,524
60,0U7,7'74
50,380.404
10,465.871
10,200,401
45,282.073
5.61)1.145
5.101,'<;39
3,489.000
3.771.534
2,690,408
2,863.180
2,120.694
2.194.492
1,600,472
1.38b.618
2,604.500
3,413,492
1,924.597
2.874,0(X)
3.850,000
2,799.339
2.8(i6.w27
2,2,.0..SU8
1.7-.i2.677
1,9:1(1.473
1,906,591
2,770,779
1,287,309
1,421,9.2
1.864.041
922,ii21
1,01.0.000
.522.529
982.490
927.847
696.151
806,308
11,8-29.347
8. 5t 18. 983
1..527,575
1,360.774
1..•142,491
708.057
102,812.030
"764,514.7.56
7.871.921
4 316.446
2 860.500
2.171.141
1,443.6-27
1,4-26,670
1.164 177
1,155 !)24
786,581
567,657
619.871
,539.650
529.000
650.000
561,000
703.392
725 00(1
Weekly MRU res not aval
824,91(8
8.071. 211
750.66(i
04,070,504
759.999,831
72S,'()(io
;f81.930
288.671
289,496
85 888.743
78,893.911
5,38,34
l.H6 8.942,4 04 1,865.3:18,319
York.
283,6-ia
+9-2
tll-«
-3-4
5.492,413
—0-8
4.171.080
0.843.63'"
162 317 Not Include
Total Southern
Total all
397,366
296.466
809.198
21,719.940
11,548.371
."
Jar.ksoiiTllle
ColiimbUK, (3»
.383,148
23,727.674
13.522 097
6,711,239
5,305,170
4,137.926
3,881,824
1,934.755
1,037.127
814,309
087,886
1,039.782
819.1.')4
'..
10.658.694
6,143,110
3,503.348
3,027.300
2,133,069
2.152.201
1.305.616
1,123,178
824,401
624.000
540,300
404,634
lal.
2.007.21(2
05'.'
flr>2
312 078
721,703.591)
6»7.840,SIU«
28,483.809
15.747 679
15,759,763
10.746.0H8
'i
1.431 .-162
l.i!01,3H9
1,024.725
609,4-29
4-6-1
787 440
868,710
557.0:U
826.845
544.129
76H.HHy
639.765
628.62!i -13 4
11-0
2m0 100
410.800
29 .600
867.000
802.Wtl
286. 08«
309 175 -2M3
.S0:).;rtl
238 098
282.913
879.626
369,767 -23-6
4-6-6
437.891
4IO.Hv!7
4-5
213,620
2i!3.600
948,744 Not Inrlnrt. d III to lal.
I.2B5. 106,803 1 ,ii92.W33.29;<;
-06 1.6414.171645 l,15V.2H4.806
+
ReadlDB
Total Middle
$
901 502 079
4.390565
33,127,348
907.390
010.259
724 .K46
Chat ( anooKa
*
1,875.658,456
108,116.5011
+08
—X-7
+30
14,l>61,907
41,378.815
981,05'
Iteiiiiiiont
New York
6.54;{.21
+101
1.00:i.724
Mncon
+rt-2
-11-5
45.982.892
Little Rock.
Charleston
13.
— 18-5
50,025.70b
Augusta
CUaringi at—
20,6 15, -250
14,542,059
9,«61,h33
7,647.404
5,834,050
8,610.100
3.330 380
2.769,763
1,858.601
1,493.050
Canada—
Montreal
Toronto
Wiiinlpee
Halifax
Ottawa
Vuebec
ancouver
Hamilton
St. John
.714
.666
590
.844
;
547
079
lA>ndon
Total Canada
2,lim,231,270.918
(«81
.
Victoria
3.(124..V^^
1.507 5HJ(
1,0^5.56''
60,
ooa
1.400,000
1,117,010
99S.H,S6
678,9:10
,409
858. 18a
754
014
8!12 .TP2
881,368
^00,000
665 433
(iVo,b(U
ei,t)»5i294
84.433,009
1186
].,',
2,:i;i8
'082
49.104.102
;
THE CHRONICLE.
756
[Vol. Lxxix.
and the consamptlve dumdnd and
consequently the amount of production being in*
InduBtrial affairs are la a somewhat mixed condl
creased, the net earnings of those factories which are
The development which may be later on of able to continue running will be aftacted according to
tlon.
wide Itflaence Is the break in steel. That means that the greater or less facilities for cheaper production
the effort to keep prices np against the tendency of the each poseesses. In these various ways iron and steel
general market sitnatlon has been In this case tried, interests will in the end adapt themselves to the new
and has failed. Valaes for steel and its mannfaot conditions.
nres are, we presume, to be left now to adjast them
Unfortunately the satisfactory working out of the
selves in a natural way along the line of the present
ers bel^g lessened
THE FINANCIAL SITUA TION.
We
Industrial current.
is
cannot see that anything but
come oat
ultimate good can
of the freer
market
if it
to be permanent.
lb is well
known
problem
steel
will
be
somewhat hampertd by the
strikes in progress, especially the strike In the build-
ing trade. Reason does not in our day regulate strikes,
that the recent phenomenal devel-
so there
Is little
use in theorizing as to their oontinu-
had its initiative more than anoe. One fact, though, of a controlling character
Advantage may be gained in recalllrg seems to be unquestionable; that is that present trade
six years ago.
conditions prevent acquiescence in any new demands on
for a moment that phase of the indnstiial revival. I
August 1898, when writing of the situation of the the part of labor which Increase cost of production.
iron market, we said that It was "showiog wonderful An
investigator In the indnstri>il field finds no
little encouragement in running against a solid fact
vitality, for it was built upon a very low cost of man
nfactnre that permits of exports of all its products." when discussing an ardent labor difference; it is as
That state, permitting of free exports, was cited as comforting as falling upon an old stump when strugthe basis of the then existing strength. The iron gling in a quagmire. In many cases the way out is
and steel markets cannot in all respects return thereby restricted to only one route, and that seems
opment
in this Industry
now
to be the situation here.
to
in the
to the situation In 1898; they cannot return
the "very low cost of manufacture" then
enjoyed.
Nor is it needful that they should
They can, though, if prices are left subject to prevail
ing Icfiaences, get into a state, we think, which will
permit of free exports. The present break in the
As our
industries have been
and even now are
almost everywhere struggling with the expense account, in case an employer gives in to a demand
throes
higher
for
of
wages,
liquidation,
his
promise
The
yielding
must be subject
policy continued
pegged price of steel would seem to open the way to long enough could but end in the insolvency
Certainly if free exports were of the employer, and consequently can only be tempothat consummation.
required for the prosperity of the trade in 1898, they rary. The public believes that most of thess strikes
are much more desirable to*day, and nearly as much pin hope on political iiflnence or have some connecmore as the capacity of production has in the mean- tion with the election and will eubside when funds
time Increased. We can manufacture largely in ex- eaough to keep them alive are no longer procurable.
cess of the home consumption, and to have a steady However that may be, it is obvious that the citll for
market we must have a permanent outlet for the economy as a recuperative agency la still Imperative.
to
a
reservation.
surplus.
The drop
in steel values will,
Better crop accounts as to wheat and corn have
we may assume, prove,
Lower prices been coming from more quarters and have been grow-
for other reasons, to be a healthful step.
will
certainly
by degrees stimulate buying in
trades «fiected by the decline;
and
all
as railroads are in
ing more favorable almost dally. Of course our market
for wheat is not to be relied upon as a gauge of crop
the cut should be ex improvement; that market is at present highly specutended to contracts for rails (as the reported sales lative; and so far as it represents prodnotloa and conthis week seem to authorize us to[anticipate) that, too, sumption, it takes in the world of pr ducers and
would be a highly encouraging feature. Perhaps con- consumers. At the same time it is an important fact
a state calling for economy,
tracts already
eriea of rails
but the way
if
prevent sales of home deliv
the current year at the lower prices,
made
will
open for sales for next
was also claimed, when the
uplift in the iron and steel trades
was in full
progress and every consumer had to wait for his order
to be filled, that manufacturers could sell at much
lower rates than then prevailed and still make their
dividends. That assumption is another contingency
which Is about to be tested. The efEect of the bre&k
in price will not long hence be found to have made its
presence known by a further contraction in supplj
that is to say, if steel is to have a free market herethose concerns whose facilities ena
after, only
ble them to make goods and sell thtm at the
reduced values will continue at work. While prices
were rising the number and capacity of the producers
of iron and steel and their products were on the inThe reverse of that situation has, in a modcrease.
erate way, been in progress for some time a move
ment that will, it is likely, be accelerated now.
Hence, under the lower prices the number of producyear's
is
delivery.
at
least
It
—
in wheat received a setmore
back under the
recent advices from the Northwestern States, from which the gloomiest reports of
previous weeks as to crop condition were circulated;
'he market decline was, too, an accompaniment of these
reports, which came from many private authorities,
and indicated a much better outcome. Tae decline,
that
the
speculation
though, was the next day followed by a new advance.
The truth is, the general belief current among the
fraternity is that Europe will
need
wheat
from
we
us
this
year
than
will have to spare.
The question of surplus for export will have to wait for more complete returns; but
speculative
more
if
frost holds off, the total
production of
all
grains
must prove enormous.
Cotton has likewise been materially higher this
week, and the market variable but in the main buoyant and strong. These conditions do not necessarily
argue a back-set to crop development or recent important injury (though rumors of lower condition have been
put afloat), but rather an active demand an da covering
As we have heretofore said, although the
of shorts.
Aug.
new cotton would be largely
the demand would be eager.
early receipts oi
cess of last year,
a
THE CHRONICLE.
27, 190i.J
lack
(general
Sucb
stocks
invisible
in
exists
in tx
of
the staple and in the main also of cotton goods that
the early requirements could not fail to be abnormal.
The cotton-apinning world is of vast extent. It does
not call for much enlargement of the demand from
each of its many centers to make an important aggre
Furthermore, the speculative feeling is dom
gate.
Inant; it requires very little to arouse it, which In-
duces buying as well as covering.
make spasms
conditio!) s
of
Altogether, thesp
buoyancy natural
and
become
large
likely to prevail, at least until receipts
and the
of the crop
size
is
more
definitely estab
lished.
A feature of the week is that
New York
morey aocnmnlatlon a^
has reached the turning point.
Currency
crop purposes has begun to flow to the inlarge volume.
The transfers through
terior in
for
the Sab Treasury to New Orleans began on Tuesday
and on Wednesday to Obicago. On Monday, also, the
backs at Ghloago and Cincinnati began indirectly to
withdraw funds from New York by checking upon
their balances with their correspondents In this city,
to the order of the Assistant Treasurer, for sums
equal to the receipts by them of Internal revenue collections in excess of the amount for which they were
bonded as depositories, which excess receipts the;
would otherwise have deposited in the Sub Treasuries
own cities. Through this process Chicago
and Cincinnati banks retained the excess coUectlona
for their own use and at the same time complied with
the requirements of the Department by turning over
In their
to the Treasury out of
an
their
New York
balances
sums, thereby practically
effecting a transfer of such balances from New York
without erst. The rates for domestic exchange at
Chicago and at St. Louis on New York, which last
week were at a small discount to par, early this week
fell to 40 cents per $1,000 discount at the first-named
city and to 30 cents at St. Louis, reflecting some
urgency in the demand for money. An export of
I400,C00 gold was made to Canada this week, the
barks in the Dominion drawing upon the balances
with their agents in this city for the purpose of aeslst
Ing in moving the Canadian wheat crop. George O
Gordon, agent of the The London & River Plate
Bank, shipped on Thursday I500,COO gold to Buenos
equivalent
of
these
757
(Inae In the future, year by year, conslderlag that the
Brooklyn Ripid Transit system comprises
the
ele-
lines in the Borough of Brookexception of the Coney Island &
Brooklyn Eiilroad, and considering also that popuThe
lation In Brooklyn is very rapidly expanding.
and surface
vttted
lyn,
the
with
qaestion
Is
simply one of providing adequate
facilities
handle the traffic.
far as the Brooklyn Rapid Transit stockholders
'ire concerned, there is of course a further problem,
and that is how to handle the traffic with sufficient
CO
As
economy to get a
that can be said
profit out of
is
Oa
it.
that point, all
that the problem would appear to
It is true that
be gradually approaching solution.
notwithstanding the efforts at economy, expenses the
last twelve months increased $829,369 as compared
with the twelve months preceding.
gain
mall
—
This was on a
$1,458,388 in receipts counting freight,
and express and advertising as well as pasof
senger
earnings.
Analysis
the
of
expense
ac-
however, shows that in at least one direcwas a saving in expenses, and this occurred precisely where a saving had been looked
for.
The operation of the power plant, notwithstand-
counts,
tion there
ing the increased traffic, cost only $1,535,930, against
$1,680,751 in 1902 03; a part of the decrease following doubtless as the result of the lower price of coal,
this item the previous year having been unduly large
on account of the anthracite miners' strike. On the
other hand for maintenance of equipment $405,324
more was spent than In the previous year, and for
maintenance of way and structure $124,659 more was
likewise spent.
In other words $529,983 out of the
$829,359 total Increase in operating expenses Is found
ander these two heads. Expenditures of this kind
obviously mean that enlarged amounts are being spent
In improving plant and equipment.
The other principal items of expenses showing con-
siderable
Increases are trainmen's wages,
$135,229,
and other expenses in the operation of cars $273,478.
In one direction there is little evidence of improvement. We refer to what are called "damages and
legal expenses." This item fell little short of $1,000,000 in both years, having been $987,759 in 1903-04
and $956,730 in 1902 03. It seems to be absolutely
Impossible to reduce the yearly claims for damages,
suits against the company being brought on the
slightest pretext, and juries being usually strongly
prejudiced against corporations.
The income showing
Ayres.
all
for the year
must be considered
satisfactory having regard to all these circumstances.
The annual
report of the Brooklyn Rapid Transit
Co. for the year ending
June 30 1904 has been
issued
A surplus
of net
income over and above operating ex-
penses and fixed charges for the twelve months
sum of
is
the present week, and the chief feature in it, according to our thinking, is the continued growth disclosed in the earnings of the system.
In the last
reported in the
twelve months alone the increase in the passenger
earnings was 11,342,706, or
per cent
over 10
This comes on top of very substantial gains in
June 30 1903, total surplus Jane 30 1904
was $2,758,041. We notice that $1,158,852 of this
surplus
was marked off, mainly to represent
discount on bonds sold, leaving the actual surplus
$1,388,908.
Oat
of this, special
appropriations of $383,706 were made, leaving a balance of $1,005,201. Adding the $1,747,840 surplus
existing
If we go bach
1899 1900, we find that in $1,594,189.
Such methods indicate conservative
that year these passenger earnings amounted to bookkeeping.
The amount of the First Refunding
only $11,206,716; in 1900-01 there was an in
Gold Mortgage bonds outstanding was increased during
crease to $11,718,942; in 190102 an increase to $12,
the year from $5,000,000 to$14,458,C00, but $6,614,000
321,265; in 1902-03 a further gain to $13,086,840, and of these bonds still remained unsold in the company's
now for 1903 04 there is an advance to $14,429,046 treasury June 30 1904. These unsold bonds aro more
Thus in the four years there has been an addition of than sufficient to take care of the $3,250,000 of loans
roughly 3\ million dollars, or not far from 30 pet and bills payable reported at the same date. Farthermore, the company had on hand aa unusually large
oent.
It would seem, too, as if this growth must con
the y(ars Immediately preceding.
no further
than
to
.
.
THE CHRONICLE.
758
Toe B*uk
amount
of casb Jane 30 19(.4, namely $2,6u0,892, tble
oomparlng with only $598^721 cash Jane 30 last year.
[Vol. Lxxii.
of
England minimum
rate
ot
discoaat
remains unchanged at 3 per cent. The cabl>i reports
discounts of sixty to ninety day bank bills ia L')ndon
?|^ per cent.
The open market rate at Pur's is ]^(^
liperce:it and at Berlin and Frankfort 2|@^J^ per
There was no change In official rates of dlsconnt by
any of the E aropean banks this week, and, compared
with last, unofficial or open market rates at Lond w cent. A'jcordlng to our special cable froin L')adon
were a shade firmer, while at P^rls and at Berlin and the Bank of Eogland gained £748,446 bullion daring
Frankfort they were fractionally easier. There was a the week and held £36,519,641 at the close of the
slight flurry in consols at London early In the week week.
Oar correspondent further advises na that the
gain was due to the import of £307,000 (of which
caused by the Shanghai Incident and also by the seiz
nre by a Russian vessel of the British merchantman £46,000 from France and £361,000 bought In the open
Oomedian off the Gape of Good H >pe; but the excite market) and to receipts of £441,000 net from the in-
ment soon subsided.
The statement of the New York Associated Banks
last week showed a net gain of $1,491,100 In cash re
Deposits were Increased 12,438,000, ther?by
augmenting the reserve requirements by 1609,600,
serve.
deducting which from the gain In cash left $381,600
as the increase In surplus reserve, to $58,613,075. G^il
culsted upon the basis of deposits less those of $23,378,900 public funds, the surplus Is $^4,457, 800.
L^ans were increased $2,683,000, and one notable
feature was the
f Act
that this Increase was qalte gen-
terior of
G:eat Britain.
The
foreign exchange market was very dull and
were practically unaltered until Wodaesday,
«hen they grew easier, and on Taurjday the market
van weak in the absence of demand and because of
Eirly In the week bankers were indisfree cfiertngs.
posed to draw except for current requirements, which
weresmal'; but later, inflaenced by the firmer tone
for time maney, and also by the prospect that the
market would soon be liberally supplied with comrates
the result of the export
movement
erally distributed
mercial
eating
cotton, holders of bankers' drafts pressed tne^r
among the commercial banks, Indl
discounting of mercantile paper. Tne bank
statement of this week should reflect the average for
five days of $1,600,000, for three days of $l,400,00(i
and for one day of $1,568,000, shipped to Havana, the
first-named amount on Bitardav of last week, th»
second on Thursday and the third on Saturday of this
week, thus completing the remittances on account of
the Cuban loan which was negotiated bySpeyer & Go.
The statement should also reflect the transfers referred to above of $1,000,000 to Ghlcago and $500,00(i
leans and the export of $400,000 to Gmada
to New
and of $500,000 to Argentina. As partly of^iettln^
these withdrawals there was the receipt through tele
graphic transfer from San Francisco on Saturday of
lastwe«k of $950,000, representing Japanese gold, and
during the week of $250,000 for domestic bullion deposited at that point, and of $376,000 Seattle Assay
Office checks for Klondike gold.
bills, as
of
oS.it-
logs and rates promptly yielded. Walle there did not
seem to be any evidence in the market until Friday of
both
clisses of these drafts then made their appearance,
causing the market to close weak. Bankers report an
operations in either sterling or franc finance
increasing
volume of
bills
against
new
bills,
cotton, though
there are very few of such drafts offered for future delivery.
Exports of gold during the week were $500,000
Argentina, $100,000 to Canada and $1,558,000, Insludlpg currency, to Cuba. G )ld received at the Gusto
•om House during the week $29,325.
Nominal quotations for sterling exchange are 4 86
^4 86^ for sixty day and 4 89 for s!gh^ Bites for
actual business on Monday were uncha g^d compared
with those on Friday of last week, at 4 8545(^4 8555
t 8366
for long, 4 8810@4 8816 for short and 4 886
for cables. The maik^t was quite dull and unchanged
IS to rates on Tuesday, but on Wednesday there was
Money on call, representing bankers' balanoes,loane(' a fall of 5 points for long and short, to 4 8540^4 8550
on the Stock Exchange on Monday at 1:^ per cent. In for the former and to 4 8805^4 8810 for the latter
and of 10 points for cables to 4 885( <^4 8360. Oa
flaenced by the iannouncement of Intended with
drawals of currency for transfers to the Interior. 0-- Thursday the market was weak in the absence of
the following day the rate fell to | of 1 per cent and demand and long fell 16 points to 4 852.='(^4 8536,
thereafter during the week the dally range was frooi short 20 points to 4 8785(^4 8795 and cables 10 points
The market was weak again on
this rate to 1 per cent; the average for the week was to 4 8841 @4 8850.
1 per cent.
The tone for time money was firmer, Friday, bff jotcd by offerings of finance bills, and it
though quotations were not materially changed, and closed 5 points lower for long and short and 10 points
rates were 2 per cent for sixty and 2^ for ninety days, 'or cables.
The following shows dally posted rates for exchange
3 for four and 3^ per cent for five to six months; the
business was chiefiy in ninety-day loans and those for by some of the leading drawers.
DAILY POBTDD RA.TEB FOS FOBBION EXOHAVOB.
the above- noted long dates. Gommerclal paper was
moderate
market,
merchants
supply
the
In only
on
MON.,
T0»8.. WlD., Thpr., FBL.
FBI..
Atl0. 10. Aug. 2i. AUO. X». Aug. Zi. Aug. 26. Aug. M.
resorting to their banks for discounts, and the demand
86
480
86
86
86
(50 days
0ruwn
89
89
Si
89
jSteht..
Brothers
was light. Q iotatlons were 3^@3f per cent for sixty to
60 days
88«
Barin«,
86H
ninety- day endorsed bills receivable, 3|@4per centfo
89
89
4 89
89
i2«
IS«
Mauoun* Co.lSUht
t-6
86
86
86
86
60 days 4 86
Britlsb
prime and 4^@5 per cent for good four to six months Haak
89
4 89
89
89
89
b9
Sieht
No. America.
4
86
h6
86
8«
60
89
86
of
day>
As above stated, the movement o1 Bank
single names.
4(19
89
8d
89
89
SUtit
89
Montreal
88
Bank (6(iday8 486
86
86
66
be
money through telegraphic transfer and otherwise for (Canadian
189
89
89
89
89
89
of CoDumerce.. SlK^t
lok- 6" days 4 86
86
86
86
86
crop purposes has begun. L^st year the early trans Qeideloaoh,
89
89
89
89
n
elheimer&Co. JSiKht.. 4 8,^
81
86
86
86
J60dby8 4 81
fers were first to New Orleans, but this year they art uaiard
IS
)8Uht.. 4 89
89
89
Kreres
88
89
8«
86
UeronantB'Bk. 60 days 486
86
86
86
largely to Ghlcago, chiefly because the bull specula
89
89
SlKht
4 89
89
89
t<9
of Canada
tlon In wheat has encouraged farmers promptly to
Tne market closed on Friday at 4 852( (^4 8630 for
4hip oat their grain.
long, 4 878C®4 8790 for short and 4 883u<^4 8840 for
@
)
J
..
(
.
(
j
(
<
1
<
. . . .
(
.
.
.
Aug,
THE CHRONICLE.
27, 1904.]
on banks, 4 84t^0@4 b6 aud
Cotton foi
payment,
4 8420@4 8665.
documents for
for
acceptance,
cotton
4 8490
payment, 4 8420@4 8425;
@4 86, and grain for payment, 4 8660@4 8565.
tude of tbk D mocrat ic Party and tnat of the Rapubllcan
Party on this subject a sub j ?ct which it seemed at one
time might easily have become a foremost issue in
(Jommerclal
cables.
following ?ives the week's movements of monej
to and from the Interior by the New York banks.
The
759
—
We
do not overlook the fact that the campaign Is not yet far advanced, nor that In the political
discussions of the next few months many stump speakpolitics.
ers,
seekiog to gain political capital for their party,
in fulminations and
or for themselves, will indulge
Wetk ending ^«0. 28.
If.
Cuirency.,
©old
Total
(told
IcbbI tenders.
»nd
SMvped by
r. Banks S. T. Banka.
Net Interior
Movement.
Received bv
190*.
t3.044.OOO
1.027.000
te.831.000
i.das 000
Loss f2.'87,O00
$4,»'1.000
$8,4b 4,000
Loss. 13,483,000
Loss.
With the Sab-Treasaryoperations and gold
the result
Week ending Aug.
political
Total gold and
tlons, the trust question as
a live Issue, at least in
apparently a thing of the past.
The change in sentiment, if such it may be called,
cannot entirely be ascribed to the fact that political
parties have not divided along that line.
On the
contrary, the most potent cause in our estimation for
exports,
26, 1904.
Into
Out of
Set Change in
Bcmkt.
Bankt.
Bank Holdinge
$4,971,000
83.700,000
«28.67i.U00
legal tenders...
•8,464,000
24,100,000
«
following table indicates the
European banks.
2,t
Loss
Loss
Ji,4'«3.0O*
400,000
found in the great
which has occurred In the industrial and
rrade outlook during the last year and a half.
From
extraordinary activity and unalloyed buoyancy we are
gradually but none the less surely passing to the
the waning of interest
Loss. $8,883,000
54.000
amount
August
August
25, 1004.
of bnllloc
27. 1008.
of
Gold.
£
.
Total.
Gold.
Silver.
lO'ca,
£
£
£
£
£
8n,B10,e41
86,610,641
107,67 l,s< 3
44,876,561 162,4 4M( 4
KnRluid..
France.
Silver.
German 7,
48,511,000
8.6i!5.000 10»,84H,000
.'<5.80-l,OOO
12,rt
18,000
86.101.547
02,846,384
48,S01,00i
03,t8 1,000
Bnssla
ns.-Hnn.'t 4H,?(I5,000 12,548.000
81,847,000
e,776,(l(
90,083,0Of
60,808,00<i
45,428,000
19,839,0'
68.267,000
34,769.001
. .
Spain.
i4,';B''.ooo
8<>,897,000
39,156,000
14,>*94,0U0
20,145,000
lUly
22,1 8.000
8,057,700
26,076,700
19,100,000
2,298,H00
81,404.800
6,480,400
6,«l6,8i)0
11,806,2P(
^500
6.401,000
10.413,500
8,667
1,654,333
2,P40,667
1,470,8:<.'<
4,411,000
to be
Where before production fell far
capacity, now production,
other extreme.
abort
of
consumptive
demand, has largely
consuming requirements.
Trusts and
combinations which had a portentous look when
business was active are found to be helpless and
owing
86,101,647
44,P60,S3l 147,106,866
86113 000 12,«88,000
is
alteration
in the principal
Bank
All this, however, does not
jadging by many different Indioa*
organization.
alter the fact that,
politics, is
Banks Interior moTement as above
Bnb-Treas. oper. and gold exports.
The
of
6b6,00l
as follows:
is
and claim that the salvation
the country depends upon the success of their own
diatribes against trusts,
chiefly to a curtailment of
outstripped
impotent for effective control now that industrial
bffAlrs are In a state of retrogression.
la other words,
Tot. week. 3a',34",f61 110,981,34 478,321,94< H4l,>)8«.08'^ 10t',567,eH. 46l,40«,7t2
the harm that was feared has not developed. The
3H4.P8e,76i 110,119,416 476,066,180 340,484,749 109,2 2.( 44 440,«*96,793
Tot. prer.
large organizations and the huge trade combinations
*TIM dlvisloo (between gold and Bllver) glren in oni table ot oolii
»b4 bullion in the Bank of Germany and the Bank of Belglnm Is mad* are seen to be human affairs after all, and as such subNetherl'ds
Nat.Bel8
*
3,11
4,663,000
3,94
troB the beet estimate we are able to obtain In neither case Is It
elalmed to be aoonrate, as those banks make no distinction in thetr
weekly returns, merely reporting the total gold and silver, but we
ject,
;
believe the division
we make
is
that they
talk is heard
trust
could
be
embodied danger to the community) so
demand greedy to absorb
In such a situation they had
things in their own hands, and could use their power
wisely or unwisely according to the dictates of those
their goods
and warep.
directing their
management.
With the
situation in
no longer
rests with
them.
In like manner trade unions and labor organizations are finding that they have new conditions to
meet, as we showed at length last week. The awakening in their case, however, is much sadder. For
candor compels the statement that while the large
that respect changed, advantage
COMPETITION.
much
The
nature.
long as there was a public
TRADE COMBINATIONS AND
80
smaller predeceseojrs, to the defects
human
formidable only (assuming for the sake of argument
a olose approzlmatloa.
t The Anstro-Hannartan Bank Statement Is now issaed In Kronen and E»oer Instead of Gulden and Krentser. The rednotlon of the former onrreney to
terllna M was b; oonstdenns the Gulden to have the value of 60 oents. At
the Krone Has really no irraater value than 20 oents, our cable correspondent In
London, In order to reduce Kronen
£, has altered the basis of conversion by
dividing the amount of Kronen by 24 instead of 80.
Not
like their
inherent in
nowadays regarding the
dangers of trade combinations or " trusts.'' lo is not
10 long ago since the whole political and legislativt
world was In a state of ferment owing to apprehensions, real nr imaginary, of troubles to arise from the
rapid multiplication of industrial undertakings of
most instances were careful
huge s'ze. The newspapers gave up oolumns of their to avoid an abuse of the power with which they
space to a discussion of the matter.
"Trust busters" happened to be temporarily endowed, the labor organwere as numerous then as files around a molaeees ja^
zitlon almost invariably worked Its advantage for all
In summer time.
(hat It was worth. That is to say labor unions became
It will doubtless surprise person b
who do not keep a close reckoDiog of time to hear atbltrary, dictatorial, arrogant and oppressive. But
that the so-called actl-trust legislation of the Second their tenure of power was to be subject to the same
Session of the Fifty Seventh Congress Is barely eight
limitations.
It could last only so long as the demand
een months old. Yet no one can have failed to notice for labor was in excess of the supply and so long as
that the attacks on these dreaded creations have been producers found the demand for goods so active that
gradually subsiding. Latterly agitation has almos
they could not afford the risk of a strike. Now, with
died out, encoaragtog suggestions that public Interest business falling off and with more laborers than there
In the subject has begun to wane.
ts work for them to do, they are learnlcg that they do
Of conrsp, as we have previously
columns, political developments have
largely to eliminate the question as an
the two political parties. Except so far
Industrial organizations in
noted in these
been such ae
issue between
as our
not possess unchecked power of control after all.
Perhaps In no trade or Industry have the develop-
Customa
a consideration of the matter, thert
would appear to be little difference between the atti-
tariff enters Into
'
ments the laett weUe months been more surprising
'\ an In the iron and steel industry. When the United
States Steel Corporation was; formed, newspaper and
mage sine writers and labor leaders, politicians and
—
THE CHRONICLE.
760
leglsltttors,
were loud in their predlotiona of tbu barm
that would resnlt to the public.
H^re
for the
firs
time was a thousand million- dollar corporation, oper
atlng, too, In the country's most Important of alllndasIt was to be, accordtries
the Iron and steel trades.
ing to these predictions, a most gigantic monopoly and
—
be feared accordingly. Thoughtful and well
informed persons were careful to point out that
while the new concern controlled a large percent
age of the facilities of production. It was not a
monopoly, and there was not the least likeli
Not to menhood it ever could become such.
tion minor iron and steel concerns, there were snob
important bodies as the Colorado Fael & Iron Co., the
Tennessee Co'il & Iron Co., the Sloss Sheffield Steel &
to
Iron Co., the B public Iron & Steel C)., the Cambria
Steel Co., the Crucible Steel Co. and, most potent of
all, the Lackawanna Steel Co. and the Poixnsjlvanla
Sieel Co.,
S 'eel
•
'
b\\
outside the fold of the United States
Corporation.
Bat
all this
did not satisfy these
who constantly sniffed danger. Even after the
management of the Steel Corporation had demonstrated
critics,
that a wise and far sighted policy was being pursued
In the administration of the property, the fears entertained were not entirely dispelled. The Steel Cor
poratlon used eyery means in its power to preVent
an undue rise in prices, not alone because it was un
wining to accept Inordinate profits bat also because
[Vol. Lxxix.
'>f
iron and steel. An examination of the present
edition of the Directory will show that apparently
oreo.lsely the opposite efloct has been prodaced, or at
least that the ''trasts" have not interfered with the
(growth of our iron and steel industries under independent auspices. A surprisingly large number of
Independent iron and steel plants have been built la
he last few years, while many old and well established
companies have greatly Increased their facilities in
these years for the manufacture of iron and steel.
Especially has there been a marked development of
iLdependent enterprise in the manufacture of iron
and steel specialties, of which steel castings may be
mentioned as a leading example.
But
not necessary to pursue this inquiry any
it is neither
possible to maintain an artificial level of prices nor to
eliminate competition, no matter how powerful the
organization or the aggregate of capital behind the
attempt.
The Salt "Trust" was the first of the newer
(ndustrial organizUlons to come to grief because It
overlooked these important truths. That undertaking, however, had nothing but a few unsophisticated
young men from the West to guide it. The experiit
further.
is
All experience teaches that
ence, though, of the
bias
Amalgamated Copper Company
This concern had
been different only in degree.
an extraordinary array of financial interests behind it,
comprising some of the most notable names in moneyed
circles,
and yet
It
— and
also failed
failed signally
—in
an attempt to hold up prices at an arbitrary and artithe managers knew that to allow quotations to go to ficial figure. For months the price of copper was
radical extremes would be detrimental to all Interests
maintained at 17 cents a pound, only to result In
and Inyite general disaster. Nevertheless, now that diminishing the consumption of copper, in cutting off
the country is in the midst of industrial depression, our export trade in the metal, and in making the
ev«n this wisely administered property Is seen to bf United States the dumping ground for all the surplus
not exempt from the inflaences which inyaiiably copper in the world; the Amalgamated Company held
attend business reaction.
the bag and other copper producers and copper ownThere are two ways in which a large trade organiza- ers filled It.
(I) By maintain
tion or **trust" might be harmful.
Even the strike at the beef packing establishments
Ing prices at a level above that permitting a reasonable thronghout the country is furnishing some interesting
margin of profi and (3) by suppressing competition revelat^ions.
The pablic had beea made to believe
in such a way as to prevent the creation and rise of
that the large beef-packing concerns constituted a
How powerless the Steel Cor- perfect monopoly and a monopoly of the most odioas
rival undertakings.
poration has been to maintain prices, even in comThe methods of the beef combination had
kind.
bination with the other large steel-producing com
been deemed very objectionable and have often been depanies, through a trade agreement having only a
Qoanoed. Even some of the conrks had condemned
reasonable profit in view, the events of the last few
them as operating In violation of the law. Ydt since
weeks have clearly demonstrated.
r.he strike began It has become apparent that there
As concerns the stifling of competition, nothing of are quite a number of Independent slaughtering and
the kind has occurred. On the contrary, millions packing plants. The important point is that these
upon millions of dollars have been spent in developing auem to have been able to make profits and continue
some of the opposition plants in existence at the time In business, notwithstanding the methods of the beef
the S .eel Corporation was formed and also in creating
Farthermore, the renewal of the strike in this
rust.
some entirely new rival organizations. The Lacka ^ity has brought out the farther fact that the smaller
wanna S eel Co., in particular, has applied enormous ontchers have by no means been driven oat of the
amounts of money in developing its plants and adding trade. There appear to be many
of these, and during
to their capacity and efficiency. B at it is not necessary
he strike they have not only continued their normal
to go into details on this point. What will be accepted
)utput of meat, but greatly increased it the strike
as entirely conclusive testimony is furnished in a new
uot being directed against them.
d rectory to the iron and steel works of the United
Thus the evils and the harm supposed to be conSoates just published by Mr. Jtimes M. Swank of the
aected with and inseparable from the operation of
American Irou & S eel Association. Mr. Swank is an
This furnishes the
rusts ard seen to be fading away.
acknowledged authority in the iron and steel trades,
real reason why agitation against them no longer re*
and he takes occasion to refer to the very point under celves encouragement. Coupling that circumstance
11 ne is what he has to say.
diacuBsion.
with the fact that adequate remedies for dealing with
-.
—
—
Tne opinion has been frequently expressed that the
orgunlzitlon in the iron trade in recent years of many
80 called "trusts," particularly of the United States
iiieel CorporUlon, would result in a serious check to
individual euterprlee or to the enlistment of compar
atlvely small fi ms and companies in the manufacture
any really obj actionable practices on the part of trusts
and monopolies are found in existing statutes, It
would seem as if at last the country were to have
relief from the senseless clatter against large organizations with which it has been surfeited for so long
;
Aug.
THE CHRONICLE.
27, 1904.]
761
sent
coantrles
representatives; the total uaaiDdr of
INTERNATIONAL RAILWAY CONGRESS delegates accredited to this meeting
was 1,249, of
TO BE HELD AT WASHINGTON.
whom 901 were recorded as present.
A session of the laternatloDal Railway Congress Is The bulk of the railway mileage of the world Is
Washington In May of next year, and represented by the countries
having membership In
American Kailway Association, under whose the International Railway Congress.
The Ualted
auspices the conyention is being arranged, has issued States alone, as is known, has over 200,000 miles
of
a pamphlet giving the details of the proceedings
road, and a statement is presented showing 193,946
accompanied by qaite an extensive summary of the miles as the approximate mileage of the countries
work of past conventions of the Gongress. The com having members, not including either the United
to be held In
the
log session w^s planned over four years ago, in 1900,
States,
when the American Hallway Association unanlmouslv
gress are
Canada or Mexico.
extended an invitation to the Congress to hold its
next gathering In this country and agreed to provile
$35,000 to defray the expenses connected with the
meeting. Obviously the conventions of the Interna
tional Hallway Congress are considered of decided consequence; otherwise such a large approprlatloi to get
the members to meet in this country would not be
made, and as a matter of fact this view is entirely
retire at
borne out by the records of past sessions of the ConThe deliberations are always useful and ingress.
L. F. Lorae,
structive,
besides
affording
Intercoarse between railway
occasion
men from
for
pleasant
various parts of
the world.
In the pamphlet before us the laternatlonal Rail
way Congress is described as "a permanent associa
tion established to promote the progress and develop
Tiie affairs of the Con-
by a permanent International
Commission composed of the ex- Presidents of the sessions of the Congress (these being members ex-officio)
regulated
and thirty-three
members, of which one-third
The American
this
permanent
members of
Commission are Coaancey
M. D^pew of the Nt^w York Central & Hadson River
Railroad, Theodore N. Ely of the Pennsylvania Railelective
each session of the Congress.
road, S'Uyvesant Fish of the Illinois Central Rillroad,
formerly of the Baltimore & Ohio,
now of the Rock Island Company, and Julius
Kruttschnitt of the Southern Pacific Co. When the
place of meeting for a convention has been fixed, the
Commission is empowered to appoint as temporary
members
of its
own body
selected representatives of
the country where the meeting is held. The American Section, thus enlarged for the occasion, of the
ment of railways." The "adherents" are railway coming convention consists of the following names
administrations (or corporations) and governments.
we give the list entire to show what an Inflaentlal
Thirty three governments were "adherents" In 1895
body it is.
and forty three in 1900. The United States (lovernment was represented at the sessions of 1892, 1895 and
An individual can attend only as an accredited
1900.
representative of a national government or of a rail
way organization which is a member, or as one of the
"reporters" appointed to discuss the questions con
lidered at the Congress.
The Congress has been
steadily growing in
member-
ship and In importance, such growth furnishing the
Mr. Stuyvesant Fieh,
the President of the Illinois Central Railroad and also
President of the American Railway Association, is the
Chairman of the American Section of the Congress,
and it Is interesting to note that the Illinois Centra
best evidence of its usefulness.
Railroad was represented at the very first session of
the Congress. This first session was held at Brussels,
Belgium, in August 1885, to celebrate the fiftietti anniversary of the inauguration of
Belgian railways.
That convention was attended by 257 delegates repre-
BtnyTesant Fish, PreBident Illinois Central KB.
George W. Stevens, President Chesapeake & Ohio Ry.
C. O. Waldo, Oeneral Manager Cincinnati Hamilton & Dayton Ry.
Theo. N. Bly, Chief of Motive Power Peni sylvanla BR.
W. H. Baldwin Jr., President Long Island BR.
W. O. Brown, Third Vice-President N. Y. Central & Hudson River RR
Bollln H. Wllbar, Oeneral Manager Lehigh Valley RR.
O. L. Potter, Third Vice-President Baltimore & Ohio BB.
L. E. Johnson. President Norfolk <k Western Ry.
B. T. Jeffery, President Denver & Rio Orande RR.
•
Ramsey Jr., President Wabaah RR.
Samuel Spencer. President Honthern Ry.
Jos.
M. Hall, Oeneral Counsel New York New Haven & Hartford RS.
Lucius Tnttle, President Boston A Maine RR.
E. T. D. Myers, President Richmond Fredericksburg A Potomae RR.
James McOrea, First Vice- President Penn. lines west of Pittsburgh.
Theo. Voorhees, First Vloe- President Philadelphia A Reading Ry.
C. E. Schaff, Oeneral Manager Oleve, Clnn. Chlo. A St. Louis Ry.
J. R. Kenly, 4th Vice- PresldentandOen.Mgr.AtlantloOoast Line RRO. W. Bnchholz. Consulting Engineer Erie RR.
E. C. Carter, Chief Engineer Chicago A Northwestern Ry.
Howard Elliott, President Northern Pacific Ry.
D. MoNlcoU, Vice-President Canadian Pacific Ry.
Chas. M. Hays, Second Vlce-Pres. and Oen. Mgr. Orand Trunk Ry.
J. O. Metcalfe, First Vice-President Mexican International RR.
W. F. Allen, Secretary American Railway Association.
J.
thirty countries.
As to the work of the convention, the best Idefa of
The second convention
was held at Milan, Italy, In September 1887, and its character and scope Is furnished by the "list of
was attended by 227 delegates, reprasenting thirtv questions" which is to be presented for consideration
countries.
The latter was the first meeting and discussion. Herewith we present an outline of
under the permanent organization of the Con- these questions.
gress.
The Pennsylvania Railroad was represented
Sbctioh I.—Wat awd Works.
on that occasion. Tne third convention took place in 1.—Wooden Sleepers or Crosstles. Selection of Speolss of Timber
Used and Processes of Preservation.
Paris in September 1889 and the attendance com8.— Ralls for Lines With Fast Trains.
prised 564 delegates from thirty- two countries, the
8.— Improved Ball Crossings (Frogs).
Plant System being represented. The fourth conven4.— Concrete and Imbedded Metal.
tion was held at St. Petersburg, Rassia, in August
SEonoif II.— Locomotives akd Bollino stock.
and September 1892; thirty-seven countries were then 5.— Locomotives of Oreat Power.
6.— Pooling Locomotives.
represented, but only 374 delegates were in attend7.— Automatic Couplers.
ance, no American railroad being represented. Tae
8.~£leotrlc Traction.
fifth session occurred in London in Jnae aod July
SKCTIOH ITf.-WOBKIHO.
1895 and 793 delegates were then present, of which
9.— L'lghtlng, Heating and Ventilation of Trains. (Sictions S and
172 were from Great Britain and Ireland and 47 from
eoDjnlntly.)
the Ualted States. The sixth session was held in 10.— Antomatlo Block System.
11.— Baggage and Express Parcels.
Paris in Saptember-Ootober 1900 and forty-three 12.— Suburban Traffic.
senting
—
THE CHRONICLE.
762
Skctior IV.— Gkbbbal.
13.—Blow-Freight Rates.
14.— Bookheeplng.
15.— Daratlon and Regulation
16.— Provident Institutl ma.
smaller tonnage In au.hraciiti lUctu \a tae
when they were mining
'raordlnary rate to make up for
coal
created by
the
19)2;
bituminous
coal
of
of
[Vol. Lxrii.
Work.
Section V.— Light Railways.
1903,
miners' strike
la
firdt
half
an
ez-
at
the
daficleocy
that
the
was heavily redao^^d over
17.— iDflaence of Light Railways oa the Main Lines.
nearly all ro-ids by rpason both of the depression in
18.—Direct Financial Co-operation by Pabllc Authorities.
19.—Organization of a Cheap Service on a Main Railway's Branch the ir^n and steel trades aid the strike of the masters
Lines Which Carry Little Traffic and on Light Railways. (Sec
and pile's on vessels engaged in traisportatlon on the
•tlons 3 and 5 CO) jilntly.)
SO.—Traflio Conveyed by Antomoblles. (Sections 4 and 5 conjointly.) Great Lakes; that the same two circamstances re'^reporters" appoirjted lu
It shoald be acided that
advance present papers upon these assigned sabj c b,
which papers are printed and placed In the hands of
the delegates some time before the meeting. Eicb
'Section" at its meeting discusses the subj ict thus
presented and when the discussion is closed the conclusions are voted upon.
French or
Congress
Diecnssicns take place Id
in the language of the country in
Is
held.
which the
All communications In French are
translated In advance
ino
Eaglish.
traflfic
duced the ore shipments allka on the roada moving
the ore to the Upper L vka porta and the roads carrying it from the Lower Like ports to the furnaces;
tbat even before the masters and pilots' strike the
opening of lake navigation had been delayed because
of the severe and long continued cold weather; that
in Colorado the roads suffered from the continuance
of the coii miners' strike and to some extent also
from the ore mitiers' strike; and that at the same time
the grain movement, both in the East and in the
West, fell below that of a year ago, while tbere was
a heavy con ractlon in the cotton movement In the
There would appear to be no doubt that the occa
lion will prove most Interestlrg and that American
railway officials have open to them the opportunity of Smth. Under these circamstances the surprise must
b-< tbat the decrease in gross earnings has been comderiving much profit and Instrnction from the dellb
orations and discussions.
The attendance, iherefore, paratively 80 slight.
Toe augmentation of $12,264,269 in expenses, coshould be large. The North American railway com
panics
now members
oi
the International
R^Uway
Congress are entitled altogether to 260 delegates.
very much Increaeed. As these
260 delegates represent only forty distinct systems
or companies, there ought to be a large accession of
new members. The occasion will furnish an unusual
opportunity for the interchange of thought and Iciens
and cannot fail to yield good resnlie. Association
and contact with men from other countries engaged
in the same profession and the same line of work wll
itself be a great advantage. The ezpeiience thus gained
will be well worth having.
The number should be
incident with the shrinkage of $13,085,604
In gross
receipts, giving a loss of $25,349,h73 in net, tells in a
graphic way the story of the extra expenses en'aUed
upon the roads by the very unfavorable meteorological
conditions which prevailed. In the first place, the
the coldast in over a
winter was exceptionally cold
generation.
Itfore coal was required as a consequence to get ap steam and more to keep It
inwere
in other ways, too,
expenses
up.
creased
by the
low temperatures, locomotives
working with lessened efficiency. Oi many roads
SQOW blockades added to the cost of operating.
Later, excessive rains and floods greatly interfered
with operations and in numerous instances did severe
RAILROAD GROSS AND
EARNINGS damage which it took a long time to repair and which
FOR THE
YEAR.
In a normal state of
involved some heavy outlays.
We present to-day oar compilation 3 of the grose things, expenses must have decreased, especially with
and net earnings of United Spates Railroads for th^ the trade outlook not particularly good. The causes
—
NET
HALF
first
half of the current Cilendar year.
The
results
unmistakably the unfavorable conditioas under
which railroad operations were condactel in tha
period of six months. On the one hand, there is b
reflect
from
year of 113,085,604 in the gross earaln^s,
proving that thg volume of trafic was not. up to tha<
of last year in the same period of time.
On the othei
hand there is a decrease in the net earolngs In th>^
loss
snm
last
amount of the loss in grosa
reaching $26,349, 873— demo istraclQg that i.
face of a dlmlnisbed volume of traffij It cost $12,364,that
of nearly twice the
is,
269 more to operate the roads.
The falling off in gross revenues of $13,085,604
must be considered relatively small, partlcala-ly la
view of the large and consacaiiva increases wiicb
marked the records of previoas years. la ra^io thi^
falling off is no more than 1*76 per oea'.
It is knot^u
to the reader that many adverse cmdicloas aid cir
cumstances marked the coarse of the six moaths.
I
the preliminary statement for tae half-year glrea in
oar issue of Jaly 16, we reviewed in detail the eveatf
and happeniogsof the six months, and need not there
fore go over tae same ground agaia at leagcb oa th*^
<
present occasion.
Saffica
it
to say that general trade
was inactive and the iron aad
oC depression
;
sDeal iaJasory la a stat*-
that the anthracite coal roads had a
mentioned made a decrease oat of the question and
brought instead an Increase. It was not uncil towtirdis the close of the half-year that the normal tendency of expenses to a lower basis became manifest in
the returns, the special outlays referred to having by
that time ceaned to have much part in t>ff lirp.
Januarv
1 to
Incrsnse or deereatt.
Jxme SO.
,130 roadi.)
Miles of road
tiros B eftmlntrs
)per»tlDK expenses
Nat ARrnlntm
1904.
1908.
166.986
163,815
Amoiint.
+8,671
PerOm*
2-38
t
t
t
7.'<1.774,531
744 8 0.136
680,704.718
-18.086,604
532.B66,98<
18.8<'4,*19
S-36
lfl«.807.5«7
8'4 'B7.490
— 85.'<«P.87H
U*8l
-f
i*7a
lo Is proper to Siy with reference to the adverse
weather conditions that in one part of the country
'here appear to have been fewer retarding iiflaences
tnan usual we mean more particularly in the territory west and south of
naha, Ktasas City and Si.
Lo lis. Owing apparently to this exemption, conjoined
with good crops, the Union Pacific Railroad, the
—
Southern Pacific and many of the other Siuthwestern rottds, are able to show improved earnings, either
The South,
in gro3S alone or in both gross and net.
of course, remained in an extremely prosperous state,
owing to ihe high price realized for cotton, notwlth*
s anding the crop was a small one and notwlthatand'
—
7
1
..
.
THE CHRONICLE.
'AUG.|27, 1904.]
763
would be expected, the Increases are much smaller
and much fewer than in the gross, and in both gross
and net the bulk of the gains comes from the Souththe mineral districts.
in
arranged
groups
are
according
ern and Southwestern roads, as is made plain in the
to
When the roads
the
much
better state of annexed exhibit, showing all changes for amounts in
their geographical location,
things experienced by Southwestern and Southern excess of $100,000 in both gross and net.
roads stands clearly revealed. For while all the other
PBIHOIPAI. OHAirOES I* GROSS BABMINOB roB 6 RIONTII8.
groups show losses in gross, these two groups form ex
Tnereasea.
Decreases.
In the case of nnlon Paclllo System. *1,73S,610 Erie
V $2,087,378
ceptions to the role, and record gains.
Atch.Top. Santa Pe. 1,703,584 Dulutb& Iron Range.
1,594,774
r'ds) al,333.560
the net, however, even the Southwestern group does South. Paoiflc System. 1,635.118 '»r. Trurlr Hys.
Railway
1,083,£43
Duluth
Mii^s.
& North. 1,181,741
Southern
not constitute an exception, the Southern group being St. L. & San Pran...
qqq „„„ L^ihlgh VaUey RR. ... vl. 146,379
Ing also that the depresaloa In the Iron ludastry
reduced the tonnage of the roads running through
<St
(.i
)
Del
AHad
Illinois
&
Ohio..
& Alton
Chicago
Wabash
Atlantic Ooast Line...
Seaboard Air Line
TaEoo & Miss. Valley.
Norfolk & Western.
Mo. Pac. * Iron Mt. >
Central Branch... J
Kan. City Southern...
Nash. Chat. A St. L...
Mo. Kans. & Texas...
St. Louis Southwest ...
N. Y. Chicago & St. L.
LonlsvlUe A Nashville
bined to increase operating expenses. We exclude the
New England group in making these remarks, since
. .
that group is very incomplete, neither the Boston &
Maine nor the New York New Haven & Hirtford
having yet furnished its figures for the June quarter.
Oar summary by groups is as follows. Farther below
Alabama Gt. S'th'n
we give a detailed exhibit classified in the same way 8oath«<rn Indiana
Pacific Ooast
showing figures for each road separately.
Canadian Pacific
Brou Bamtng$,
1904.
June
Jan.
1 to
New
KnKrd..(M)
Vmnk
Sfi
Net Barningi.
19C4.
1903.
«
9
»
13n,235
4*1,019
340.910,-8 258,v!03,4Tf<
10 49,HB8 24!^ 6i.3 8 93
58,860.077
1.607.flB1
lines.. 14
nttar. Coal
Mid. States.. 23
<
1
MId.West'D.iM)
Northwesi em A
Nortb Par. i:
Bottthwesiern
19,167,768
17 87
18-9M
t0.5a7,718
18,ief,987
l«,8i9.29j
-2.660,3 J6
17 94
1 0,064,361 113,724.800
33,861,961
38.123.460
-6,869.099
1382
—2.110.P81
4-97
447,734
148
South Paa(19 161,447,978
148.8flS,191
40,684,533
48,654.517
30,607.693
30,159.859
-f
Total(186 r'do 31,774,531 744,860,13: 199,607,647 224.157,420 -25.349,&73 11-81
Mexloan
9,461,074
(2)
9,487,027
3,384,893
3.487,957
-103.0rt4
2-96
1902,
following carries the comparisons back
A
Yaxoo
to gross earnings were of
Erie
Qrott
road$.
Jan.
to
Bamingi
RB
N»t Barningi.
Tear
Year
Oivtn.
Prtceding.
increote 01
Decrease.
%
t
Tear
Year
Increatt o»
Preceding. Decreati
Given.
2,9ri9,i21
»28";7,4'^4
1,825,498
<
W—
Pitts....
Norfolk A Western
A West..
Wisconsin Central ...
Mich Cent ACan So.
Pitts. Bess. A L.Erie.
Uhio. Great Western..
Dnnver A Rio Grande.
Wheeling A L. Erie...
$3,891,900 Duluth So. Sb. A Atl..
1,495.605
)
A
N. Y. Susqne.
Canadian Paolflo
Mo. Pac. A Iron Mt.
Central Branon ..
l.t>83,8/3
1,408,566
\
Northwest....
iiiiHilti
Vntrai
Duluth & Iron Range.
KUiuih viisB. <* Norita.
Lehigh Valley
|...
(^r. lYnnh 8y8.(8 r'ds).
D. L. A
Leaded >
iincsin N. Y. States
& Western.
Rooh.
Buff.
Rock Is'andCo..
-t. Y. Central A HR...
A
MONTHS.
Ohio. Mil. A St PauL.
Phil. Bait. A Wash
Misft Valley.
Pennsyl. BK. (2 r'ds)!
Baltimore A Ohio
1
TtarA
N. Y. Ont.
Jersey.
Decreases
EABNIN08 FOR 6
Longlsland
Minn.St.P.AH.Ste M.
Total (representing
14 roads)
$4,128,897
Chic.
to 1903.
Ko,ot
Total (representing
37 roads)
$25,735,108
Olev.Cln.Cblo.ASt.L.
Atlantic Coast Line...
Southern Railway
Mo. Kans. A Texas...
the fact that even in 1903 and Id
magnitude, the returns showed that net
earnings had not been gaining in anywhere near the
same proportion. Moreover, in 1903 a large part of
the improvem«rnt in net came from the anthracite coal
roads, where the situation, as already pointed out.wa^-
The
Louis
611,214
*668,429
957.297
656,449
422,818
358.094
330,337
297.978
983.018
9253.473
239,533
283.778
204,186
161.600
159,764
9155.583
147,652
9130,734
9128.023
127,831
122,516
181,331
A Beading BR.*. *9$197,754
Hocking Valley
4)4,645
LoulsviUe & Nashville
reatij notable
peculiar.
<k St.
1,061.614
91,022,840
768.667
Phil.
.
New
Cent, of
gives additional emphasis to the augmeota-
when the additions
NET
Union Pacific System.
Sonthern Pacific
Atch. Top. A Santa Fe
''ientrai of Georgia ...
Del.&Hud Sys (ir'ds)
Kan. City Southern.
;
is
J
Increases
for the above groups is as follows: New
BnglsQd, «32 miles against 6<Z miles In 190>; Trunk lines, 2-<.7-«l
•sainst 28.^'74; Anthracite coal, 4,845 against 4,7:s>i ; Middle States,
8,277 against 3,15"*
Middle Western, lo,60o against 10,>40; North
western i»nd North Facitlo, 34,260 against 3^,2u4; Southwestern and
South Paoiflc, 4ft,9iO against 44,222; Southern 28,tJ4-> against ii8,27e;
grand total, 150,986 against 153,3 15. Mexloan, 2,457 against 2.25ti.
What
Toledo & Ohio Central
Minn.
FBINOIPAL CHAMOEB IM
Milk AOK.—The mileage
tlon in expenses
129,879
198,359
127.0t9
121,296
120.176
109,296
102,288
1.183,682
1,09><,604
* These figures are (or the Railroad Company: the Coal A Iron Ooapany reports an increase of $2.82^,060 for the fl^e months.
These figures cover only lines directly operated east and west ot
Pittsburgh and Erie The »iroHS on Eastern lines decreased $3,459,600
and thOKruss on Western Lines decreased $1,376,100.
a Covers six months on Grand Trunk proper, but five montha on
Orand frank Western and Detroit Orand Haven A Milwaukee.
V Covers five months only, Jane not yet having been reported.
&
Bocthern....i2e, l0e.S88.ibe 102.888,664
187.356
151, ^-»
&Oan So.
A Nor. Western..
Phil. A Reading RB.*.
Hook Island Co. ....
Pitts. Bess. A L.Erie.
Denver a Rio Oraude.
Hooking Valley
Colorado A Southern.
D. L. A W.- Leased/
lines InN. V.Sta'es
Ohio. Mil. A St. Paul..
Illinois Central
N. Y. Ont. A Western.
Minn.Bt.P.AS.Ste.M..
N Y. Bus. & Western.
BntTalo Rooh. A Pitts.
Ohio.
9-25
— I.IIO.PKS
48,863, 17t
200,0IS4
1 69.546
mto-iA lynn
*4,834,700
(2roads)t..
\
N. T. Cent. & Hud. R..
2,408,496
l-'l
70,943.088 -18.692,961
-1 9i2,0^H
21,109,851
5,903 330
22.458.61'
Pennsylvania Syst
P. Ct.
4.79t!,838
22.000.5«-
463,S99
4^1,786
447, I7u
867.697
329,179
295,65
oq=
toq
^33,HJ»
221,274
A Ohio
Baltimore
Mlob.Cent
Lake Erie A West
9
+7,8 »
$
484 072
526,l.'>3
Decreases.
Ine or Dee.
1903.
. .
»»».»»"
746,459
Duluth So. Sh. AAtl..
Northern Central
Wheeling Lake & Erie
Wisconsin Central
8t L Vand. & T. H...
Ann Arbor
Louisiana & Arbans..
Central of New Jersey
Chlc.Term'l Transfer
Total (representing
2i» roads)
S12,d37,280 Oiwv.Cln.Chlc* St. L.
SUMMABT BT OBOUF8.
BKOTION OB
J
8ys.(3r'd8)
Otiesapeake
how widespread were the causes that com-
Indicating
& E
Ohlc
the only one with increased net. AU the other groups
have losses in net, the most of them for large amounts,
1,406.498
l,23^.6^6
1. 190,^30
1,0*0,207
9714, 29
a62 7.046
Toledo A Ohio Cent...
Colo Term. Tranater.
seaboard Air Line
Northern Central
Colorado A Southern.
Cblc. Ind'B & Loulsy..
A
4t. L.
'^hio
i^an Fran... )
East I11...J
A
Lake Erie A West
Minn.
A
Total
353,814
9351,024
279.661
276.068
272,848
258.116
846,100
?40.29S
•22<,038
9.^24.869
219.985
217,277
» '10,764
« 98.724
171.946
1
169,427
164,753
«155,964
15^384
153.100
146.818
9133,357
ioi
ikk
1^1.16»
1 17,788
107.8^5
St.LouiB
(representing
44 roads)
$29,016,178
554.106
1
Jun>
taoU)
30.
%
'V6(169i
886
381.8 8 3i7
861.31.0 733
'MK174)
8»<4.020.S32
"•7(1701
406,001,731
'M(i7a>
430.1
•98(179
•-oei-.iso
1>9<166
489.«n9.7e5
tixnoj
677 14H,661
•01(172)
fl38 3<4.7ttt
'08(16(1
6-0.S9-f.926
'08(169
7^7,9«,HH7
;81,77483l
416.749.9S1 +14,8«0.45f
1
%
124.16M6' 123 2 '5,793
!'99.<84,I17 -67.4;6,7:'C
9^,l09.4fi^ ll'.570.K4«
»
+882
311
— 23 41.<if4
+ 12.5!0 ,74' 106.l0>8lt< 99ei4.6'7 +6,491,18
366 81>!,7«- 1-17 207, 84 13.e07.t-85 108.U2,>2
+ 1,65^,756
407.IH4,4i8 —2.160.78; i21.Ut0.32<' 115.4^' Sin + 6.63 002
4t0,6Pe 4«1 + 4t» 981 e-'i
.S9.6h(6,7n 21.896 • 1-2 4-1 7,690. 35
461.99 <.068 <-27.516,71' 1S0,69».0 « 14 545.M. ^10.o^3 6•n
80.71H,437 65f9l.4r8 v.6.U".9'9
6^6,3 6.8.5 +70 783,31'
580.42 l,H6»i + 57,912,83 i <1,2I8.32(
79 49V 1.0 +2rt, 2<,l-o
+7.7a<.l'06
09.973,70.4 fOi 260.79:
3l.«9»,28 ^-S^.TOi 6J
349.1»<9,e8-*
•
1
637,fH9,H.'<l'
4-90,2-l2,62h
ilM,0S4,i 6fl IV 8. 56.H f
• These figures are for the Railroad Co.; the Coal A Iron Co. reports
a d» crease of $1 024. -548 for the live months.
» On the Pennsylvania RR. the net on lines directly operated east of
Plttsouruh and Bne 'leoreased $2,504,900 and the net on Western
lines decreased $ .3hO,000.
Does not include results for Lehigh Valley Ooal Co. and other
ootitro led cnai companies, which latter show a decrease of $750,129
for the five months.
a overs six moQth<i on the Grand Trunk proper, but five months on
Grand Truuft We«tern and De rolt Grand Haven A Milwaukee.
V Covers five months only, Jane not yet having been reported.
i
I
+ 19.7rt7.2M0
We
have a(iverted above to a change in the tendtowards the close of the half-year.
HOTB.- Neither the Mexloan roads nor the coal-mlnlng uperattons of
fhe anthracite ooai roads are incinded In any of these totals.
Tnls change Is made manifest In the statemeat which
The separate roatis partake of the character of th' we now annex, showli g the comparative results for
general results. The decreases greatly outnumber the e.ch month of the half year.
It wl 1 be observed that
increases.
Yet there are a good many increaees, pai- June was the only month that recorded »n Increase In
ticulariy in the case of the gross, where some galut?
ev and It was also the only month that recorded a
itHide,
7.4,800,1 5 -18,0t-5,«04
98,bu7,647 224, 167.4 i'
-^6,a4H.8 8
'^'icy
of expenses
I
for quite
large
amoants are shown.
In the
net, as
redaction in expenses.
a
..
.
'
THE CHRONICLE.
764
I
OROBB Am) KBT BAKMIXOB.
Inc.or Dee. P.e.
1808.
Feb.
$
t
$
101.839.230 106.e87.l4f -4.847.815
99.543.30« 98,180.791 +8,412,516
Mar.
110.945.0&P I10.66T.6<'»
Jul.
1904.
lors.
t
$
Inc.or Det.'P.
c.
t
-8,095.6889618
4-64 9«,048,88e .32,139,625
8-B5 88,045,307 25,3-<2,876 -2.337.668 821
+887.42H 0'2e 30,698,791 34,991. 1«0 -3.669.36S 10-H8
Included In January was 103;
101; in April 99; In May 103; In
June 80. I'h4 Mexican roads are not included in any of the abote
eompari$on$, nor are the ooal-mlnlng operations of the anthracite
ooal roads Included.
NoTB.—The number
We now
roads
of
Marob
In
104;
It
Ruck Island Co.a ....
Louis 4 No Ark...
8t.
8t.
shows the resalts for each
Louis
4
S. Fr.R..
all
ia.,t-,niit.
18.717.746
4 B Illinois.}
L Southwestern. b
San Fran 4N.1. Paca
of the groups.
aross.
Oent'l
Peoria
Erle.a
4
456,864
6,074
68,735
S
841.328
6 244
86.600
1.507.891
1,817.336
441,919
431.072
1804.
1803.
«
31,789.211
10,127.688
1904.
t
8.713.770
1.843.477
U230.285
t
30.655.529
Ohlo.b.
& St.L.a 9.99M.821
Ba8tern.a. Vl.'^S ',104
1)1.247.447
i)i7.-.i6i.7Brt
l)19.,S49.134
.
Orand Trunk. a
Or. Trunk We8t'n.a
Det.Gr.H.&Mllw.a
Lake Sh.& Mich. So.b
12,454,833
t.2,0>7.242
li44«.364
17.i38,245
10.155.C00
86.291,600
4.337.237
B6.HH6.676
81,404,900
10,717.028
Mich. Cen.&.Can.So.a
N.Y. Cen.& Hud. R.b
N. Y. Chic. & St. L.b..
Penn.— Bast P. & K.b.
West Pitts. & Erle.a
Wabash. b
.
1903.
$
378.1in
Clev. Cln.Ch.
13.619,526
V2.2f-.616
v480.b57
17.101.»h5
ll,26H.e04
i8,«w9.9«a
4.1'-5,958
eO 155,276
32,780,000
10,295,286
t)3.794 478
3.829.89rt
I)2tf9.776
1)48.666
4.300,060
1,645.000
iouth'n Pac. Syst.a. .d3«,20'<.985
301.217
Texas Central.a
TO JUNE 30.
1901.
Trunk lAnet—
&
1
Net.
$
934,862
23.614
858,759
1,028,7.^6
2i!,101
(3 roads)....
Baltimore
1903.
$
New Knglandb.
Total
—
.
1004.
WeM> Enoland—
BanK. & Aroostook. b.
Brldsrton & Saco Rlvb
Inc. or Dee.
s
Total (18 roads).. 151.447.878
+36.7F2
-1,170
-3. 766
Southern Jtoadst
Ala. Gt. Southern. a... 1,536,244
Atlan. Coast Line.a... 10.86 .868
307.4 D5
Bait. Cbesao. 4 All...
Central of Georgia. a.. 4.473.U34
64,799
Obattan. Southern. n..
Chesapeake 4 Ohio b. 9.617.960
Cin. N.0.4 Tex.Paca 3.333.814
10M.748
Col. New.& Laurens.b
44.973
Farmv. 4 Powhat.a,.
1.167.'9a
Qeorgia.a
885.474
Qa. Southern 4 Fla.a
81S.559
Gulf 4 Ship Isiaod.a..
1803.
$
11,682.891
8.196.791
1804.
+7,847
Inc. or Dec.
t
-2.9rt9,121
1)237.316
-3:3.314
—7,03
968
—2,877.484
3.810.708
—880.812
T)e.>^7 1
l)S0i.210
r9'J,464
4,329.663
9,692.2' '0
1.I-61.9S5
11.27rt,073
926,«10
14.818,6h7
6,694.410
2,112,793
17.823.457
8.0f4.410
2.109.151
—2,43»
-43 799
-28,6" H
-819.985
—1,683,873
961.0.'i7
-2
— H5.247
504,900
-1,390,000
+8,642
Total (14 roads)... 2«0,910,\;29 253,203 478 68.260,0?7 70.943.038 — 12,692.9^1
in the case of the PennsyWaoia Railroad the
results for the lines directly operated onlu, east and west of Pittsburg and Erie.
For the Western lines we have taken one-half the earnings for the full
calendar year 19us (the figures by months not being available), and applied to
them the changes— whether Increase or decrease— reported for 1904.
Note.— In the above we show
urois.
,
1904.
Anthracite Coal—
$
Oent.of N.Jersey. b. 1)8,666.068
Delaware & Hudson—
Rons. Sara.& Adir.b 1,468.352
811,390
N. Y. & Canada.b...
—
>
1903.
t
1)8.786.800
1904.
%
1)3.657.237
Net.
19(j3.
1)8
t
506.822
Inc. or Dec.
>
388.000
270.040
1,075.967
-195.698
Leas. lines N.Y.St.b 4.826.603
5.849.421
636.967
Syra. Bing. & N. Y.b
625.698
Lehigh Valley. b.§
v 11.829,947 i)12,976..S26
2.3=9.061
276.340
2,948.158
331.143
1)4.099.787
1)4.814.516
-564.105
—54.803
-714. 29
43
D693.4C9
65
-228,038
-497,754
Susq.b...
3,071,34?
& West.b-
& West'n.a
8,413,822
747.M85
N. Y. Susq. & VVest.a. 1)1,129,619 Dl.8t^3.292
Phlla. & Reading.b.t.t) 14.236,105 1)15,268,945
1)465,371
1)5.565,311
1)6,013.
62.3f8.932
19,157.785
21,109,801
1903.
%
1904.
1903.
%
Di2.423
$
D15.200
i3.7eo
N.Y. ©nt.
Total (10 roads)..
8.186,849
49.b52,245
1.023.>
21L171
391, 7H4
Louisv. 4 Nashville. b 18,000,5«2
2796
Millen 4 Souti<west,a
225.639
Mobile Jack. & K. C,
3.M3.822
Mobile 4 Ohio. a
Nashv. Chat. 4 St. L.b 5,194. v-0<
Norfolk 4 Western, a. 11.4i7.660
1)888.673
Rich. Fred. 4 Pot
Seaboard Air Line a.. 6.870,4
Southern Railway, a.. 22.09-,.391
283.048
Virginia 4 S'lUthw.b..
Wrightsv.4 Tennilleb
Tazoo 4 Miss. Val.a..
8S!.182
3.^39.821
Total (26 roads)... lOe.t 88.288 102,888,664
Grand total(136r'd8)731,774,531 744,860,135
30,607,593
+447,734
30,168 869
—81 755
+600.239
-i!76.058
—1,952,086
198,807,647 234,157,420 -2&.848.87S
dross.-
+160.615
192,302
188,285
1,578.196
Albany &
Lexington 4 East'n.b
Louisiana 4 Arkan.a
,
1,519,248
858.447
2,428.937
Del. Lack.
3.684.619
598,«08
St.
A.RNINQ8 OF UNITED STATES RAILWAYS JAN.
m
20.00 .514
147.832
(
Chic.
road separately in
8
23
.
give the detailed statement for the half-
year referred to above.
1
8
Total (17 roads)-. 110.854.:461
Southvie*ttrn and
1904.
South PaciHc—
%
Atch. Top. 4 8. Ke.b.. 32.36^9^8
Colorado 4 South'n b 2.4iK).195
Den. 4 Rio (irande.b. d6,058,|'>8
Ft. W. 4 Denv. CIty.b
D83H.4ai
Kansas City South. a. 3.164,0u9
Mo. Kansas 4 Tez.a.. 8.126.089
Mo. Pac. 4 Ir Mt.b. (
Central Branch... J 20.368,619
Nevaiia Cai & Ore.a..
82,863
Nevada Central
9,666
Rio Grande Junct'n...
266.491
2H,7'.i0
Rio Grande South'n.b
April 107 fl44.H13 110.341638 -9.686,786 9-44 30,0l4,7flh 34.046.203 -4.031.6^0 1-18
M.y. 108.563.266 111.028.664 -9,463,28>> •22 81,807.b0« <4.80l.674 -2.»88,8«8 8-60
J'ne. 87.99«.78< 8rt.6'^fl.8-8 -H»49 431 0-74 9fl,«94.4''3 2i.ti94 09s +8,300.38- 8-?B
IB February
1804.
<
1.180.692
Iowa Pentral.B
Mineral Range.b
209,5-^
MInneap. 4i 8t. L.a... 1.266,049
Mlnn.8t.P. 4 8.8.M.b 2.958.rt8l
PaclHc Coast.a
2.806.247
8t. Jos. 4 Gr.lsland.b
6112.824
Dnion Pa IHc Sys a .. 8B.2-7.8i8
Wisconsin Central.b. 1)2.472 688
JU'I*.
iec4.
Net.-
-Oroii,
Nrrthweit and
X<nth Pacific— {Con. )
Net Earningt.
OroM Bamingt.
Vol. Lxxix.
National of Mexico.
1904.
I
3.58 .603
6,899.488
1903.
$
3,720,548
5,747,378
Total (2 roads)..
9,161.074
8,487,827
-
Mexican Roads
Mexican Intemat'l..
-N^et.1901.
1904.
S
$
Inc. or Dec.
$
+46304
1,878,554
1.459.535
2.0j«.422
-14P.8a8
8,SD4.893
8,487,957
—103.064
1,608. 3.S9
a Net earnings here given
are after deducting taxes.
b Net earnings here given are before deducting taxes.
+ These tlgures are for the Railroad Company only. The Coal 4 Iron Company reports gross for five months of 1904 of 9 «.604.0'<7. against $18 682.007
in IM03. an increase of $2,822,000, and net, $1,423,288 in 1904, against $2,448,180
in 1903.
These figures are for the Railroad Company only.
d Net figures are talrtr per cent of gross earnings.
V Figures are tor five months onlj in both years.
i
1904.
Middle StatesBait. & An. Sh.Llne.a
Belief onte Central.b..
Butr. Roch. & Pittsb.b
Buff. & Susquehan.a..
(Jomwall a
Cornwall & Lebanon..
$
«-3,152
29,455
3,487,200
443,477
«2.^31
11".016
125,607
5H.7 7
84.900
58.918
Dunk. All.Vall. & P.b
Qenesee & Wyom'g.b
Greenw. & Johnson b
L. Champ t Morlah.b
Lehigh & Hud. Rlv.b.
264.776
Long Island. b
«2,866,36a
Maryland & Penna...
137,167
80,-99
Newb. Dut. A Conn.b.
New York & Ottawa,b
62.286
Northern Central.b... 4.878,6«4
Phila. Bait
& Wash.b
South Buffalo. b
gtaten Island Ry.b...
Staten Isi'd nap. 'irb
Clster & Delaware.b..
W. Jersey & Seash.b..
Wm'spt. & No. Br'h.a
0,572,811
112,067
89,651
317,381
836,409
1,775.45*
d83,0b9
1)53,4P4
87.l2tt
8.726,733
4»5,3ti9
46,5 2
126.229
139.516
60.585
29.^86
43.800
233.202
1)8,897,171
726
88.047
Bn,769
6,040.194
6.824.011
84.016
89,618
324,567
819.184
18)4
1.724.>-62
1)70.664
Total (88 roads)... 22.000,566 "221469.617
1904.
Middle Western—
»
Arbor.b...
915,345
5,348.186
Ann
Chicago & Alton. a....
Chic. ind.A Loulsv.a.
Chic. Term'l Transf.b
Detroit & Mackinac.a
Elgin Joilet \ EasUa.
$
1)2,025,957
V. 97. 173
4t»i
,910
1.102, 78
Hocking Valley.a
2.5 6.412
22.798.754
& lowa.n.
832,354
773, -02
Mich. a...
Illinois Central. a
Indiana
III.
Kanawha &
Lake Krie & West'n.b
1908.
2,3.!6,228
7,555
1,316,247
140,470
9.-38
46.569
16.034
31.780
11.678
15.490
108.687
1)169
830
32,013
11 161
^3511
— IH.hSl
-5,561
-8,8 5
+V19
+23,760
+1.907
-351.024
-4.907
18.248
—''.097
1.070
def.4.HH
1,0 3 484
+5.681
—153.100
—246,110
-19.533
—13.416
+44,U12
-16.125
—18, 00
-3.710
1.719,280
8<!.-!01
1)28
def.5 654
H6.153
95. IBS
264.138
D8.738
4,792,332
5.903.330
1904.
1903.
t
ln8,162
1.461.302
1)725.198
1)138,13?
527.947
143.&17
346,3t4
711,769
5.733.6 8
170.343
118, >30
554,463
def.1,0 8
69,378
8.H91
21.640
l,160.f)66
3.063.7ii9
196.789
6,327
62,100
21.595
40.615
11.46B
def.8.270
104.780
11510854
86.920
+7.223
—6.285
—272.848
—66 319
940,3H4
1.4/3,160
2.668
def.19.070
140.165
79.030
248,132
1.062,fl97
4,8H4.2.»7
1)2.079.828
23.12M.091
866.148
762,062
2.447.744
71,«18
187,"»a
89,680
l,58w,0e5
Inc. or Dec.
s
1)8 1 "'.I '13
<
!?43.914
1.86^.375
ii7r 2.370
D294.101
1«8.397
331.203
1,126.414
6.96W.246
261.381
113.248
672.250
7.418
78,x38
-l.llO.k.98
Inc. or Dec.
t
—65.7''8
+98,927
—
l.'i:-'.367
—165 v84
-24 880
+14.141
-414,646
-1.236,628
—81.<'3s
+6.68i
-117.788
Manistee & Gr. Rap.b
46,412
—8,496
Manistee & No.Ea8t.a
816.111
+15.646
Manlstique.h
35.199
+3.1H4
707
Ohio River & West...
99,157
94.7<:l
32,(116
—10.976
Pennsylvania Co. -Lines not Included In the Trunk Line Group above.
St. L.Van. & T. H.b
1,320,986
1.211.090
+2fl.497
83 <. 61
307.356
U &
Indlanap.a.
& Peorlab
& West.b.
WST.TO?
297,0 <4
e^2.3^8
1-59.965
303,(158
Bess.* L Erle.a
1,260.155
1,881.369
132.156
381,446
Southern Indiana.b..
Toledo & Ohio 'ent.a
Wab. Ches. « West,
Wheeling & L. Erie.b
6<!1.017
3,600.0 tl
52.1 <!8
1,968.386
49.S.968
23rt.729
1,833.789
63.952
2.12t,149
^93.14
251,771
468.467
1I.S.S2
a-i.ioi
— 16.1142
— 164.768
— 15.U
331,747
603.692
-171.945
12.168.987
14,828.283
T.
T. Haute
Tol. Peo.
Pitts.
'
823,--5«9
Total (24 roads)... 48.^63.176 60,667.718
Northwest and
1904.
1903.
North Paclfl,:—
S
%
Canadian Paciflc.a.... 21.563,644 21,442,468
Chic. Great West'n.b. 1)8,181.836 1)3.158.358
Chic. Mil.&St.Paul.a 22.126.676 22,184, 70
Chio. & No. West.a... 24.oi.4.rt67 36.156.281
Copper Range.a
Dl8rt.6i3
BiTo.neo
Dul.
4
Kange.a..
Dalnth Miss. 4 No.a.
Dul.So. Sh. 4 Atl.b..
Fairchild 4 No. Bast.
Ir .n
«rtO.rt70
e7l,6,-J7
1,187,075
80,095
2.465.444
1,^63.278
l,Sll,211
19,8^6
194.208
def.l,6«<4
200,571
8,877
116,971
6^^73a
190 i.
1903.
«
5.546.058
7.040.661
D-7rt.657
e,l9'H.6.0
6.25 '.2 27
1)2^'. 33
12H.~48
74.691
311,382
5.854
(
1-887.321
6.466,798
7,«rtO,726
d70.5'-6
-8..S65
—10.4 HI
+16.185
—217.277
i
All the figures In the forefi;oiDg relate to roads which
have furnished returns of both gross aad net earnings.
From
above glvea it will be seen that
the aggregate of mileage represented by these roadi is
156,986 miles. la addition we have returns from
roads cooaprlsing over 20,000 miles more which have
supplied figures of gross but not of net. la the table
which foilowd we combine these two sets of roads.
GROSS EARNINGS OF UNITED STATES RAILWAYS
Jan.
— 210.7H4
-258,116
—1,408 498
-48,663
l,3as,719
1,114,898
-1,040.207
480.809
7.689
-16W.427
-1.685
1 to
June
Re port'd above
roads)
Al.
N.O
30.
(136
.
A Tex.
Vloksb.Shrev.&P.
Atlan.
Knox &No..
Ohio. Peo. & St. L..
Chic. St. P. M.& Dm.
Detroit Southern...
Bransv. Al. S
Great Northern—)
8t
P &
M. M....}
Eastof Minn
1
1904.
$
TO JUNE
30.
1903.
Increase.
Deerean.
$
$
9
13086604
731,774,531
744,860,185
1,168.432
343.879
858.071
4.930.036
648,465
5537,82»
1,180,484
583,949
640.421
351,024
851.187
5,597.018
778,9^8
s548,065
15,692,141
16,792,123
1,238.671
1,084,653
68,544
P.-
NewOrL&No. E.
Alabama & Vioks.
.
643 042
699,740
Central.
Illlnola Sonthern...
Intern. A Gt. North.
Macon & Blrmlnt(h.
Nortiiern Paoltlo...
Pere Marquette
West...
A Buft.
147,828
2,381,898
57.663
20,923,078
5,332,563
5,436,792
70,200
1.674,990
3Z6,419
68.662
21,439.231
5,291.028
5,585,521
66.400
1,616 446
279,130
Total (185 roads).
794,929,168
810.131.983
177,673
173.495
Texas & Paolflo
Tex. Sab Val.AN.W.
Tol. St. L.
A
Ham.
Net dec.
'
•
-••
7,145
6,884
616,982
127,488
10,236
1,099,982
152,018
79,284
170,061
11,099
518,203
2,5Sl,t>59
41,536
148,729
3.800
158.544
47,289
607,766 15810581
15202815
(I "87 p. c.)
Miles of road
17.052
59.093
69,319
'i
Monttna
Toron.
-1.405.805
first
JANUARY
—2.660.32a
Inc. or Dec.
t
the table
4,178
-l,19-,9.i0
«
Flgares here cover fonr months only. May and June not yet
f Figures are for period to July 2.
reported,
.
Aug.
THE CHRONICLE.
27, 1904.]
It will be seen c&ac la this
way wa ^et a
to ai lor tat
half year in 1904 ooverlag 177,673 mllea oi road, and
)nth8 of 1903 In
showiog a d^icrease from the six
m
the sum
falliug off after
first six
This obviously Is a small
the $101,946,842 gain recorded in the
of $16,302,815.
moaths
and the large increases made
of 1903
in the correspoodlng period of the years preceding.
The ciabjolaed table shows jast what the amoant of
the addition has been io each year since 1897, and also
the results prior to that time baclc to 1894.
Jan.
1
to
June
80.
Eaminos.
MiUage.
Increase
or
Decrease.
Tear
Year
Tear
Year
Oiven.
Preced'g.
Oiven.
Preceding.
MiUi.
Miles.
148,226
146,U88
150.020
140,600
165.133
1894
1896
1890
1897
1898
15«.296
153,987
167,463
168.776
167,702
18P9.
161.166
159,865
168,190
171,257
1900.
166.7<'4
IBOl
176.371
1008.
190a
179,165
178,666
169,747
1904
177,673
178,496
176.469
%
419,318,673
438.922,858
468,249,19?
473,084,984
586,376,776
656,886,364
643,842,643
704,638,792
749.023,005
847,034 ,31M
791,929,188
606,087,910
—86.776,237
+18,361,445
+22,e3S.0«0
17" 14
314
5'19
— 2,2'>8,42'<
0*46
+69,3«0,)!94
12*44
0'82
642,^21.914
+33,095,163
+77,949,182
+89,817,i7^
70
+47,:<34.721
6*74
745,087,476 fl01,9J6,"42
810,131,983 —15,202,815
13*68
623,231,211
606,893,611
1
.68^^
2^4
throughout; the excerior for the
of white
marble and for the other eight
Four graceful monolith columns with
Ionic capitals and a portico form an imposing entrance on
the Fifth Avenue side, while colonnades and two large
monolith columns are pleasing features of the 60th St. side.
The company's unique seal is prominently reproduced on the
centerpiece of the portico. Small figure trimmings, representing the oak and the laurel, appear on the massive
columns at the Fifth Avenue entrance, typifying "strength
and success." The main banking room on the street floor
(covering over 7,591 square feet), 26 feet in height, without
columns or obstructions of any kind, is beautitully finished
in Italian marble, bronze and mahogany, furnishing a strik-
two
stories is
stories of terra cotta.
rations.
1
475,893,350
477,035,488
ot fire-proof construction
first
ing contrast with the strong ivory tone of the general deco-
P.O.
«
425,567,818
435,614,137
765
13"78
9*69
1*87
Though the final figures here given cover 177>673
miles of road, they nevertheless do not comprise the
A
broad marble stairway leads down into the safe-deposit
establishment, one of the special features of the company's
new home. These vaults, 42 feet long, 24 feet wide and 9
and of the latest design. The
passage ways on all sides will be patrolled day and night.
One of the two entrance doors, eight feet in diameter, to this
vault, weighs twenty-five tons,and the vestibule weighs 40 tons
more. There are also silver vaults nnderneath the safe-deposit
vaults. Electric elevators connect the vaults with the bank.
A system of ventilation maintains an ec[uable temperature
feet high, are of great strength
at all seasons of the year in the
banking rooms and vaults.
The Van Norden Tr«9t Company was organized in 1902
entire railroad system of the country, which exceeds
and is under the management of Warner M. Van Norden,
300,000 miles. If we could have returns for the President; Thomas P. Fowler, Vice-President; Arthur King
missing roads, the amoant of the decrease in 1904 Wood, Secretary and Treasurer; Ames Higgins and William
would possibly be raised to $18,000,000 to $30,000,- W. Robinson, Assistant Secretaries; James B. Haig Jr.,
000.
We have previously estimated that in the six Assistant Treasurer, and Ed war i S. Avery, Trust Officer.
William.F. Havemeyer is Chairman of the Executive Commonths of 1903 there had been an increase of $115,mittee.
000,000 over the six months of 1902; that similarly
in 1903 there had been an increase of 60 million dollars over the year preceding; in
1901 an increase of
70 million dollars; in 1900 an increase of 90 million
dollars; in 1899 an increase of 43 million dollars; and
In 1898 an increase of 68 million dollars.
In other
words, in the six years from 1897 to 1903 there was an
addition to the gross earnings of United States railroads in this period of six months in the sum of 435
million dollars.
After this prodigious gain the
loss
of $18,000,000 in 1904 appears really trifling.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The
public sales of bank stocks this week aggregate 198
which 119 shares were sold at the Stock Exchange
and 79 shares at aHction. Sales were made of three stocks
that had not been dealt in recently, and each showed an adshares, of
vance in price, Bank of America selling: at 525 as compared
with 5C6 in Oat. 1903, Fourth National Bank at 220, comparing with 210% in Feb. 1904, and American Exchange National
at 284, as against 227 1^ in April 1904.
stocks have been sold pablicly this week.
BAjns—lTevi York.
10 America, Bank of
7 Amerioaa Exoh. Nat. Bank
10 Chatham National Bank
*^SI?"-
•119 Comm-rop, Nat. Bank of
80 Corn Exchange Bank
10 Fourth National Bank
12 Importers' A Traaers' Nat. Bk.
Price.
685
234
389%
212-214i4
385-398
220
No
trust
company
La$t previouB Bale
Oct 1903—
Apr. 1904—
Aug. 1904—
Aug. 1^04Aug. 1904—
Feb. 1904—
Aug. 1904—
fl06
227>«
342>«
20sia
388
210>«
B70»«
—Mr. Emil Unger, First Vice-President of the Yorkville
Bank, corner of 85th Street and 3rd Avenue, this city, died
on the 19th inst. at Richfield Springs. Mr. Unger was one of
the organizers of the bank, which was established in 1893.
He was born in Germany sixty-seven years ago.
—Mr. H.
J. Patterson,
who
resigned as President of the
American National Bank of Boston in the spring, has, it is
stated, purchased control of the institution and again been
elected its President. Mr. C. H, Collins became temporary
President at the time of Mr. Patterson's resignation, and it was
expected that he would later be regularly elected to the office.
New directors have been chosen to the pUces made vacant
by the resignation from the board of five of the old directors
(inoluding Mr. Collins), the new names being Frank P.
Bennett, George W. Taylor, Charles P. Ladd, Charles H.
Barnham Jr. and H. J. Patterson.
At the meeting called on Wednesday last, the stockholders of the National Warren Bank, the National Hope
Bank and the First National Bank of Warren, R. I., ratified
the absorption of their respective institutions by the Industrial Trust Company of Providence, and the voluntary liquidation of the three banks took effect on that day. Full particulars regarding the merger appeared in our issue of July
16.
Besides the banks mentioned above, two other institutions—the Warren Trust Company and the Warren Institution for Savings— which have not yet taken formal action in
the matter, are also to be taken over by the Industrial Trust,
and all five are to form part of the latter's Warren branch.
—
— A reduction in the capital of the Gl ucester National
Bank of Gloucester, Mass., from $3J0,000 to |200,000 has been
—The Van Norden Trust Company of this city will to-day recommended by the directors.
move into its splendid new building on the southeast corner
—The death occurred on Monday, the 22d inst., of Mr.
of Fifth Avenue and 60th Street. The institution now has a John Lowber Welsh, for many years prominent in financial
home which for appointments, facilities and magnificence and railroad affairs in Philadelphia. Mr. Welsh came of a
ranks among the finest in this city. Located opposite the family of financiers, both his father and grandfather having
Metropolitan Club and facing the Plaza at the main en- been distinguished in that line. The Philadelphia National
trance to Central Park, it occupies an admirable situa- Bank, organized in 1803 as the Bank of Philadelphia, was
tion at the head of "Millionaires' Row," in the centre founded by John Welsh, grandfather of John Lowber Welsh.
of the wealthiest and most fashionable residential sec- The father of the latter was also held in high regard, and
tion
in
America.
This handsome ten-story building was at one time United States Minister to the Court of St.
(erected by the Fifth Avenue Estates) was expressly con
James. John Lowber Welsh will perhaps be best rememBtructed for the accommodation of the Van Njrden Trust
bered for his part in the placing of the ReadlnK Rdlway
CJompany, which occupies the street fl)or, and for the Van
loan in 1870 and for his connection with Reading affairs genNorden Safe Deposit Company, which has its quarters imme- erally. He was Instrnmental In comblnina: the People's Trac-,
diately below the ground fioor. The building is of steel and
tion, the Eleotrio and the Philadelphia Traction companiee
*8old at the Stock Exchange.
874««
THE CHRONICLE.
766
prevlonsly lival eybtems, and was the firBt PreBident of the
consolidated compaDy— the Union Traction. Mr. Welsh was
sixty-three years of age.
— Expresplons of regret at the death of their President, MrWilliam T. Dlxoo, have been embodied in resolutions adopted
on the 23rd Inst, by the directors of the National Exchange
Bank cf Baltimore, Md. Mr. Dixon's death occurred on the
16th inet. He had held the presidency of the bank for some
years, nnd had been contiected with many other important
enterprises and institations.
—Special invitations were issued by the directors of the
Provident Savings Bank of Baltimore for the Inspection on
Tuesday afternoon last of their new banking house, corner
of Howard and Saratoga streets. The building is an imposing one, about sixty feet square, with the entrance on Howard Street. The new banking rooms were opened for business on
Wednesday.
&
—The
report of the Auditor of the City Trust
Banking
of Baltimore, filed on the 19th inst., recommends
the payment of a 20 per cent dividend to the creditors. This
Company
will call for a total dis ribution of $73,800. The institution
has been in receiv rs' hands since June of last year and the
present will be the first dividend to be realized by the
creditors.
—The
"Pittsburgh Despatch" of the 19th inst. says that
month the new plan of the Pittsburgh
Clearing House for the payment of balances with gold certificates Issued against coin deposited in the Clearing House
depository in the Farmers' National Bank safe deposit vaults
will be in operation. A saving in the handling of gold, it
is added, will be effected through the arrangement.
after the first of the
I
Vol. Lxxix
For the ensuing year tbe nffalrs ot the aesooiation
charge of the following: President, Mr. George N.
Fratt, Cashier of the First National Bank of Racine; VicePresident, F. J. Carr, Cashier of the Bank of Hudson, at
Hudson; Secretary (reelected), John Campbell, Assistant
Cashier of the Marshall & Ilsley Bank, Milwaukee, and
Treasurer, G. E McDill, Cashier of the Citizens' National
business.
will be in
Bank
of Stevens' Point.
—The
directors of the Lincoln Trust Company of St*
Louis ratified on the 20th Inst, the proposed consolidation of
their Institution with the Missouri Trust Company, particulars regarding which were given in these columns last Saturday. Since Monday of this week the business of the banking department of the Lincoln Trust has been conducted in
the quarters of the Missouri Trust. The safe deposit vaultg
and the real estate department of the Lincoln Trust will remain permanently where they now are, in the Lincoln Trust'i
quarters, and the title department of the Missouri Trust will
soon be removed to that office. The trust department of tha
Lincoln Trust will temporarily remain at Its present location,
A. meeting of the stockholders cf the Missouri Trust Company win be held on October 85, when the propoeitlons to
change the name to the Missouri- Lincoln Trust Company,
and to Increase the authorized capital from $2,000,000 to
$8,000,000, win be acted upon.
—With
a view to merging the two, a controlling interest In
Bank of St. Louis has lately been purchased
the Vandeventer
by interests Identified with the Olive Street Bink of the same
Each ins Itutlon has a capital of $100,000, and both
began operations about two years ago— the Vandeventer
Bank In April of 1902 and the Olive S:reet Bank In Dacember
19 '2.
The organization of the Vandeventer B+nk was promoted by stockholders and directors of the Cjlonlal Trust
Company of St. Louis, since consolidated with the Commonwealth Trust Company.
city.
—The consolidation of the Federal Trust Company and the
Guardian Trust Company, both of Cleveland, for which
negotiations were pending in March last, just prior to the
assignment of the Federal to the Guardian Trust-, is about to
—At a meeting of the directors on the 19th Inst. Mr. June
be consummated. The stockholders of the Federal Trust
have been asked to deposit their stock certificates with the W. Oayle was elected Vice President of the Third National
Guardian Trust, and will receive on October 1 twenty per Bank of Louisville. Mr. Gayle will assume the offioe on
cent of their holdings in Guardian Trust stock, valued to September 1. He succeeds Mr. J. E. Bohanaan, who resigns
them, it is stated, at $300 per share. On that basis the dis- to associate himself with The A. L. Rich Company of Cintribution will equal a dividend of 40 per cent under the cinnati. Mr. Rich Is said to be one of tbe largest stockholdliquidation of the assets of the Federal Trust. The Guardian ers in the bank. The board will shortly be called upon to fill
Trust Company will increase its capital from $500,000 to another vacancy, Assistant-Cashier Charles H. Wulkop having tendered his resisnatlon, to take fff^ct September 10.
$1,000,000.
—The annual
gathering of the Ohio Bankers' Association
was held this week on Wednesday and Thursday at PutinBay. The address of welcome was delivered by Mr. C. F. M.
Niles, President of the Security Savings Bank & Trust Company of Toledo, and was followed by the usual addresses of
the officers of the association. Hon. Allen Ripley Foote,
Commissioner of the Ohio State Board of Commerce, pre-
[From our own correspondent.]
London, Saturday, Aug. 13, 1904.
There is no change for the better in the political outlook.
Week by week Important developments continued to be exsented an extended address on "Financial Corporations, Pro- peotel from Liao-Tung Peninsula. Likewise the discussion
moters of Industries and Commerce." Mr. J. J. Sullivan, going on between the neutral Powers and the Russian GovPresident of the Central National Bank of Cleveland, was ernment as to what is and what is not contraband of war
also one of the speakers of note, his remarks dealing whh last ag. ravates very materially the unfavorable fea ures in the
year's convention of the American Bankers' Association, to general outlook, The Russian Government seems inclined
to include as many articles as possible under the head of
which he was a delegate.
contraband
of war. It is evident that the neutral Powers
—Mr. W. 8. Courtrlght has become President of the Mercannot
agree
to a definition which would virtually bring
chants' & Manufacturers' National Bank of Columbus, Ohio,
sea-going trade to an end in the countries affected by or in
succeeding Mr. W. D. Park. Mr. F. W. Hubbard has been
chosen to the office of Vice President, formerly held by Mr. proximity to the seat of war. On the question of right of
search, this country Is at least as anxious as Russia can be
Courtrlght.
that nothing should be done to curtail the rights In this mat—The National Bank of the Republic, Chicago, which two ter of the mailfime
Powers.
years ago added to Its quarters In the New York Life BuildIt need hardly be added that the stock markets remain a«
ing, will again enlarge its banking rooms, having made ardepressed as ever. One of the most remarkable features is
rangements to occupy the entire bank floor spice of the
the comparative steadiness of prices and the absence of
building. Work on the proposed alterations will begin as
serious failures in the Stock Exchange itself. At each setsoon as the leases of the present tenants can be obtained, and
tlement certain difficulties are disclosed and a certain number
it Is hoped that the changes will be completed by May 1906
of the smaller members require afsistanoe.
Bat so far it has
at the latest. The Improvements will give the bank a total
not extended to any house of first-diss Importance, and the
of over 15 000 square feet of floor space.
New
vaults are to
be installed, and new marble and bronze fittings will aho be
features of the remodeled banking rooms.
— Theccnreation of
to
the Wisconsin Bankers' Asfociatlor,
whose program we referred
of this
Week
last
week, opened on Tuesday
La
Croese, the session lasting two days. Tbe
proceeditgs included several papers, one by Mr. George D.
Bartlett, Cashier of the Citizens' State Bank of Stanley,
Wis., on
at
"The Group System," forming
part of the
first
day's
announced last week were of tiiflli g Importance.
the political situation was not in Ittelf sufficient to
depress markets, tbe situation In Lombard Street comes in as
a powerful auxiliary whenever the political clouds seem Inclined to pass awiky. As stated last week, the public has
been utterly wrong In Its forecasts of the money market. Infailures
As
if
we have a tight money
Were
loanable capital.
Indeed, not for the fact that trade is far from active, and
stead of cheap and plentiful supplies,
market and
it,
difficulty In obtaining
:
.
Aug.
THE CHRONICLE.
27, 1904.]
tbat tbere is virtnaliy no bnsiness doing upon the Stock Exchange, money rates would quickly rise to a level which
would check any epeculation the markets might be inclined
week shows some improvement.
of August the reserve is very far
return this
The banks
But even so, in the micldle
from being at a level tbat should be desired. An
£600,000 in gold from abroad and the return of
for.
iiflax of
coin and
notes from the provinces have added altogether about £1,100,000 to the reserve, which now stands at just under 24 J^
millions sterling, its proportion to the liabilities being 51 per
Last year the reserve stood at 233^ millions sterling,
cent.
to the liabilities being 49>^ per cent.
proportion
the
ludia Council drafts continue to be in good demand, but
amoant
hai the
For the 60
effect of weakening exchange to some extent.
lacs offered on Wednesday the total applications amounted
to 331 J^ lacs, at prices ranging from Is 3 31-32i3. to Is. 4 1-32(1,
per rnpee. No allotment was made below Is. 4d., but at this
figure over 80 per cent of the amounts applied for were
At the corresponding date of last year 50 lacs were
allotted.
the increase in the
offered to 60 lacs ha?
offered and 308 lacs applied for, the prices being very
the same
on
The total
much
The
767
British imports since Jan.
*
44.110,.S19
March
48,6f<2
275
4^.»lt>..=)24
Ap'il
4.'>. 181.763
44,780.098
43.106,784
40,956,601
43.802,3'.;7
41,91.^ 106
4l,^9^ .^^0
+ 1.7 .^.TSI
+ T,<'79.4 6
+ 9il.v34
45,6i3,320
-4.696,7 19
June
July
1904.
EXPOBTB.
J»na*ry
1008.
dug. la.
10.
F«bruiiry
Vlareh
April
May
June
July
^•BlattOD
Fiblia depadti.
OtM«r depociti
4i.a7:t.0<3
€K>T«rniiieni ••oarltl* ..,,
14
2. «.«'
-Z
Otber •aaritiet
20Ur»,23S
,
Kaierv* of aot«« and cole
l!«.4cf.a6V»
OolnAbaiiloD. both 1 apart ir 'ts i)«,b&n.«t9
Prop. r«ierT»to llablMllei.p.c
MM
»
— paroent.
•Dk ruts
Ooiuoii.tli paroant
811»«-.
87U
208,7^8.utO
80 1(19.050
9 r OH.hMO
—820,271
+1,119. <77
«56."98
-3-3
+4-9
-3-4
24.3<;7,<'26
+ 1^48. '»6l
+ ',0'>3
22.27 1,960
+ 1.7^7.810
+ 1-5
+002
25,87.'), .'>45
-1,091,963
—4-2
168,398.170
+502,079
+0-3
8a.i72ei4
8ti.90(i.';e8
10J,<OS
.
1O490.V-1"
2r.til
68.4fta
.
HH
P*
24 600 713
26,at>9
87. 7-^0 6.M0
euM6
60 16-1«
00 ie8,6.t5.000
lnt$TtU adow*.
for Sepotitt
»
lair 16
88
80
4k. 6
IS
UontM.
t
Mont/i<
Iradt BUlt
8
Uontht
8
Mo$
2«®3
2 16-1«
2
is-ie®3
8
8
2«
8Mi
3H(»SM
a 1-18
8M
SM
«
Joint
Stock Al
Mo$ Bank*
8
uT
8M(»8H
IH
IH
IH
IM
HS4(a8H
SMasH
+80
and colonial produce since Jan.
1903.
£
t^ebrnary
March
July
1
Difference.
£
£
5,712.000
7,405 341
5,946,649
6.754 870
6,0b7,718
6,13H,328
5,943,553
5,850,852
5,66S,518
—+16S306
352,8<»4
Per Ot.
—5-8
+20*8
+8'9
+2'5
—6-0
—1^1.893
—871,804
—0*8
— 35.">,718
+1.2tt7.« 13
+»S8,v96
5,t.''8,Hfl3
6, '^89,064
— 3'3
41,713,J86
Seven months... 42,356,719
+643.333
NoTK The aiKgre^ate flt^ures are offi 3ial. They Indicate that
adJnsLments have been made In the monthly retarns as issaed.
+1-5
ellglit
English Flnanelal Harkets— Per Cable.
The dally oloilng quotation* tor seuuf itiek
are "fiT>ort,f>(1 bv oable aiifnllowf 'or tK* or^pii
London.
8iIt.
ounce
Silver, per
26 58
d.
Uonoote ,new. 2 % p. ots
For ccconnt
:
Fr'ohrenie8(lnParl9)fr.
SpatilMh 4s.... .........
;
:
a.Daoonda Mining
Mcix Top. «fe Santa Fe.
:
:
Ch
0. Ort-ar
&
2
?
<
Western...
(^hlo Mil.
St. Paul...
D«^n.
Rio Gr., com
&
tc
C
Preferred
Erie, common
let preferred
2d preferred
ulHvlile
I.
N.
Y.Cent
<fe
N. Y. On'a'io
n
H
Badson..
&
West-.
Norfolk & Western
Pr^firred
o
Northern Securities
PennsvlVHUla
Wea.
26>4
26%
88
87 'fl
86ifl
94
130
i65,e
6l4
883n
bT^s
98-5
82<>s
S:.i4
101
87ie
101
8738
^4
30
'4i«
4
8338
101
88 '8
S5
13<'%
130%
38'«
t>h
39)4
1514
^•4
ISOOg
4
l^
1531*
261*
76i«
27
154%
15
54l«
251fl
76ifl
76i«
77
65
i55
2.^%
'6I4
27%
27%
64 »«
39 14
6518
4UI9
64ifl
139is
I2314
12
21'8
140%
14OI4
12iis
12
124 >«
l->4
40
4. 1«
14OI4
2H>fl
22%
12
231.
47
38
23
49
38
3''»«
2278
47
38i«
122%
1^8%
3314
65 »«
92si
103»«
337e
S8^
33 >«
67
e6>«
67 14
45
lOSifl
95 1«
32%
68
93 1«
10d%
lO-i
%
64
>•
63)«
81*
:91«
2*'»8
4S»«
37
5 98
29I4
43i«
3'
43i«
.S81*
.'81,
95ifl
96
96%
101%
10238
9.T»«
101
lOO'a
96>«
l/i«
5908
18i«
10.38
97
«^0%
1^
ti0>«
37%
3'^i«
38 »«
61»«
62 1«
Debenture "B"...
3414
4Sl«
H7I4
58i«
«9
63
67>4
27 '8
40ifl
42
24
12
38
25
124
i04
56
26I4
77
^70^
65\t
50
3
37
Pref r rred
883ia
^8 16
8638
8%
Preferred
Fri.
8V3i,
15»4
O
n
Aog. 26:
Thurt.
3H-^
l-l
WabaKh
,
8.-S8
28i«
431s
3iilon PaolSo
Preffrr«<d
U. a. Steel Corp., com..
Pref f rred
t>
loots
8 89
63
Phlia. «< R-adlrg*
1st preferred*
2d tireferred *
rtouthern Pacltlo
Southern Ritllw.. com..
n
61 h
Ui
o
o
s
Central
& Nashville.
Mexican Central
M<> K(tn. <fe I'ex., com..
Pref • rred
Nat RB of Mex..l8tpf.
Illinois
Tue*.
26Jfl
82
:
Canadian Paotflo
Chesapeake & Ohio
Mon.
loois
London
etc., at
oi
87i'ie
881,6
mi5i^ 8 %
982ZH 98- 1.^ ^8 1 h
i36i«
»638
86*lg
i'8
4
3'e
:
...
Preferred
Ba'tlmorei & Ohio
Preferred
6
29 Bg
1«
97
121,
60",
19>s
39
62i«
62
29'8
97
rf7
1214
.914
37%
12^8
61^8
20
40
62 1«
©ommcvclal ixntl W'^iscciVancoxxs ^tvoiB
JDITIDBN
/fame of Cornpany.
l>»
Books CloteA.
(Day* Inclwtive,)
Per
Wlitn
Cent PayabU
Railroads (Steam).
Atlantic V oast Line, Conn (qnsr.)
2 Sep 10 Sep
Minn. Mt P. (« 8. 816 Marie, com
2 Oct It Oct
do
do
do
pref
3«aOot 16 Oct
Street Itnil^rnys.
Presidto * ruiries, tsau Ktun. (mthly) 300 Aug l^
Buuth Bide El
27 Vi-iO
lesbu-.oio
Ihe fates for oaoney have been as follows;
Bank BHl$.
—
25.108, li*4
23,136. 73
1904.
Be EXPORTS.
January
R'Hh«»ter By
8
3
e& 8-16
U»«n Utarkit Bmt$t
Perot.
show the following contrast
14.
l.Sfi.610
1 0,1 82 ITBO
3».\'-'>,- V
IBOI-a.-Sb
00 16-ie
26 6-16d.
£
80
8H.lJ6».«t-8
im
a
«ei8-18d
dMrins-Hoata ratarni
Aug.
13.
29.«04.nfi
M.f.6661*
41 l^U.Onl
1»-,64N.M1
8«,M-H,S1»
ia.75H )-k-9
21'.
Difference.
2^,'77.s.436
gflvenmonthe... 168,900,219
Toe re-exports of foreign
"i-
SS.VQB,?"©
6 103.B77
1903.
IBOl.
1008.
Aug
+2-2
*
.
*
+fi-8
+4-6
-10-3
1
24,903,636
5,58.'^,686
1X04.
+ 2,'^64,992
«
5,658,959
5,293,714
Avg.
+8-7
+3-8
+«•!
24,083,365
23,894,813
24,251, '96
23,484.834
24.3^2,0^9
24,069,770
24,783,582
May
principal articles we sell to our foreign customers, but
especially heavy is the falling off in the demand for Britibh
iron and steel manufactured goods.
It is perhaps natural that the Board of Trade returns at the
present time are written about in the newspaper and discussed in private society accordingly as they seem to tell for
or against Mr. Chtmberlain's fisoal proposals.
In the
preseiit instance they apparently offer ground for the argu
ments of those who are io favor of Mr. Chamberlain's proposals.
Any one, however, who will examine them carefully can readily satisfy himself that they have little bearing
uponihe sut'ject. The growth in the imports during the
early part of ha year was due in reality to our bad harvest
last season, as the increase was made up mainly of imports of
food. This It will be seen was a purely temporary cause
The non expansivenesa of the exports Is due to more general
causes, and yet most of these are likewise of a temporary
nature. The state of the cotton market on your siae completely upset our cotton trade in Lancashire, and the prices
which it was necessary to charge for made-up goods checked
very materially our sales to some of our best cu stomers.
Lastly, and by no means least, the state of South Africa has
prevented expansion in that country. But with Chinese
labor and wi h time we may reasonably hope that the matter will right Itself.
The following return shows the position of the Bank if
ngland.the Bank rate of discount, the price of consols. (%
eompared with the last three years:
Ot.
-05
+ 3,.'i4^.934
:
June
1
Per
— ?32.^52
46.?26..'S15
40,5tiO,5«.5
306,086,900
+6,806,491
Seven moBtha... 312,893,391
The exports since Jan. 1 have been as follows
nirg of the financial year have so far realized £6,300,000,
being somewhat less than at the corresponding date 12
months ago.
The Board of Trade returns for July can hardly be described as satisfactory. Nevertheless in some quarters there
la a disposition to make out the returns as even worse than
they are. As will be seen from the table below, our imports
daring the month amounted in value to just under 41 million^
sterling, comparirg with i^l4 millions sterling in July of lasyear. Our exports amounted in value to 2i% millions, com
paring with very nearly 26 millions 13 months ago. For the
seven months ended on July 31 our total imports just exceeded 3 2?^ millions sterling, b^ing an increase of 6^
millions f(r the seven months. The exports amounted ib
value to practically 169 mtlltons sterling, an increase for the
whole period of no more than J^ a million. A large part or
the decrease in our imports during the month whs due to a
falling off in our purchases of food. But a careful examioa
tlon of the returns will show that there is a decline under
nearly every head of raw materials used in our manufactures.
The exports likewise show serious decline in most of the
£
*
45,998,«63
vi«y
:
Difference.
f'ebrUHry
April
this occasion.
have been as follows
1903.
IMPOBTS.
Jana»ry
sales since the begiu-
as
1
1904.
7
t>>
1
<6 Linlit.
Ohl<
pref
nao (qaar.)
Sep
Sep
1
1
to
to
to
Sep 10
Oct 16
Got 16
30 Sep 21
to
to
Sep 1
Sep 80
Ang30
to
Sep
1
Sep
Oct
Bep
8ep
to
Sep
11
ir
Sep
to
2 Sep lU
Sep
of
reo
llHoldem
30
1
niUrellniicoiis.
AsKoolatnd Men liauis. cum (qaar.)
Central Fireworks, roni
do
do
pr«f
CoDtlneDtal Tohacoo, com. (qnar )
pref (qnar.)
International Paper, pref (ijnar.)
LaclGile On8 LiRht, com. (qnar )
Railway StPBi Spring, prof (qaar.)
U. 8 l.eathi-r pref (qnar)
rlo
«lo
1% Sep
1
»aSep
1
S-siSep
4
k)cl
1^4
Oct
1 >« ()nl
1
Sep
1% Sep
l>9luat
1
1
1
Aug2n
A Holilers of reo.
to
a|S.>p in
1
Lsep
tfl
Jrt
3
ZO
IB
20
10
Call U»^
Aucllun Aai»<H- Hy Meusrs, Adrlau
111
Siockt.
U»laware S curltles Co.
l«i
22
1%
com. and +2 scrip
76
lOQermaiila Life Ins. Co. .325
10 Chatham Nat. B«nk.
339%
30 Corn Bzoh. Bank... 385-398
>M
2M
I
(i
«
Al
lOU
8l<>fk»
12 Innpnrt»>rs'
A
Traders'
N-t B«nk
10 Fourth N*' Hank
1(1 B.<nk of Amerlnit
574»«
220
525
7 Aiuerloan Bxoh.Nat.Bfe.234
..
THE CHRONICLE.
768
New York City Clearin(f Hoase Banks.—Statement of
condition for the week ending Aug. 20, 190-i, based on average of daily
results.
We
two cipheri (00) in all cases.
otnit
New York
Capital.
Surplus.
Loans.
Specie.
Legals.
\
Deposits Re.
City,
Boston andPhiladelptiia Banks.— Below
a suimuary 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.
We omit two ciphers (00) in all these figures.
is
Capital
BANKS.
[Vol. Lxxix.
d-
BAKKS Surp lus.
Legals.
Specie.
he-
Oircu-
posits.\
lation.
,„
(-learings.
I've.
Bk. o( N. Y.
Manliat. Co.
Merchants'
Mechanics'.
America
PhoemiL
...
City
Chemical ..
Merch. Kx .
Gallatin
& Drov
Mech.&Tra.
But.
Greenwicli
Anier.Exch.
Commerce..
Mercantile
PaclHc
2,000,0
2,050,0
2,000,0
3.000.0
1,600,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
600,0
6,000,0
25,000,0
3,000,0
42'2,7
Chatham
. .
People's
...
Seaboard ..
IstN.Bklyu
Liberty
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
260,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100.0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300.0
1.000,0
N.Y.Pr.Ex
1,000,0
Amst.
Astor
500,0
350,0
N. America
Hanover
. .
Irving
Citizens'
..
Nassau
Mar.ife Fult.
Shoe&Lthr.
Corn Exch
.
Oriental
...
Imp. <fc Trad
Park
East River
Fourth
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Filth Ave..
German Ex.
Germania
..
Lincoln
Garfield....
Filth
Bk. otMet..
West
Side..
New
S
$
$
2,586,7
2,492.3
1.458,4
3.381.8
3,6i»3.3
•284.8
$
$
$
P.O.
4,008,0 1,820,0 21,690,0 260
14.875.0 2.132,0 34,510,0 49-2
0,833.7 1,387,5 22,748.8 49-3
3.800,0 1,594,0 22,096.0 24-4
6.744.8 2,402,9 29.080.4 28-0
661.0
277,0
2.965.0 31-7
62,377,9 3,473,1 200,001,2 35-4
6,508,9 1,868,1 24,577,1 30-0
695,9
6,247.6 27-2
1,104,7
633.3
1,351,9
6,857,3 27-4
44,2
509,9
2,334,0 23-7
693,0
460.0
4,730,0 22-2
732,2
450.0
2,618,8 469
4,052,0 2,008,0 22,532,0 26-9
26,894.0 15,191.7 168.378.2 249
4,893.6 1,354,7 22.129.7 28-1
456.1
481.7
3.664.6 25-5
885.0
831.9
6.332.8 27-1
2.701,4 29-7
188,4
614,8
2,6/3,3 2,098,8 16,915,0 •28-2
13,121,6 3,708,5 65,590,6 25-6
526,4
6,6d9.0 25-6
1.175,9
2.775,4 2,368,6 19.981,9 25-7
337,3
2,908,2 20-2
250,6
650,0
1,315,0
6.983.0 28-1
357,0
2,001,8
8,417.3 28-2
4,741.0 4,116,0 35.200.0 25-1
40'2,3
1,169,2
7.463,9 21-0
4,416,0 1.334.0 22,488,0 25-6
21,118,3 5.568,3 87,731,5 30-4
132,1
191.7
1.214.1 26-6
4,624,8 2.923.3 25,440,6 29-6
1,119.0 1.125,0
9.377,0 23-9
36,307,9 1,916,4 112,928,0 33-8
1,339,2
461,3
6,890,6 261
373,0
311,0
3,300,0 20-7
922,9
461.4
5,405,5 25-6
692,3
228,3
3,474,7 26-6
11,830,6 2.028,8 54,089,8 25-6
259.6
2,471,0
9,755,6 27-9
195,0
600.0
3.181.2 24-9
430,2
837.6
5.063.8 25-0
1,406,0 1,531,7 12.222.4 240
249,1
1,837,2
7,359,6 28-3
483,4
159,8
2,525,7 25-4
430,3
1,774,7
9,147,6 241
649,0
318,0
3,763,0 .'5-7
2,439,0 1,717,0 15,666,0 26-5
728,0
789,0
4,663,0 32-6
3,069,6
249,0 11,162,1 29-7
1,090,2
438,3
5,523,1 27-6
1.166.4
899,3
6,631,8 23 6
923,0
160,0
4,503.0 240
21,085.0
20,977.0
13.320,1
21.4-0.0
25.130.7
3,287.0
177.638.0
24.743.8
5,578.0
8.763.6
2,025,6
4,631,0
2,317,6
28,393,0
174.958,1
23.849.8
3.029,2
6.151.7
2,174.9
17.093.2
63,294,8
6.938,0
16,341,0
2,671.7
6.776.4
6,822.1
28.921.0
7.688,6
24,733.0
71.710,0
1,119,3
21,46.%0
9.087,0
16,885.2
7,664.2
362,U
2,219,4
120,4
355,8
630,9
4,075,6
11,786,9
4,513,6
618,6
1,095,1
400,5
2,106,8
6,705,8
1,085.»
648.2
313,1
1,322,2
360,2
3,397,2
1,076,0
6,794,3
7,090,2
133,3
3,041,2
1,402,9
13,743,9 100,O-.;2,7
873,7
7,546,7
767,7
2,970,0
663,0
4,487,8
624,3
3,627,0
4,006,6 45.346,5
1,738,0
8,766,9
2,673,9
676,2
874,9
2,620,0
1,346,2 11,640,6
7.179,1
1.287,4
379,5
2,480,3
7,869,3
1,429,0
548.6
3,064,0
1,428,1 13,385,0
4,124,0
593,9
1,935,9 11.788,9
5,010,9
495.0
549,4
5,827,4
4.618,0
569,4
»
*
*
$
10973381 271.182,9 86,048,1 12019656 38.962,9 1,059.864 J5
ios),-.47t;si 273,li;8,2 S4, 194,0 12042134 38.641.5 l.O2:i.028.1
260.2,n;,i 10964914 276,854,9 82,659,7 l'207l;i2& 3P.293,.-.
9'J2.14ti.4
Aug'.iO 250,296,1 10991744 279.179,7 81,826,0 12095705 37,614,9 1,114,427.6
Bos.
N. Y.
J'ly30
Aug 6
Aug 13
2.';o,2;>6,i
250,296,1
Aug 6
Angl3
Aug20
52.635.4 177.570.0
52,635,4 177.446,0
52,635,4 177,683,0
Fhila.
6
48,167,1 196,743,0
Aug
6,799,0 219,028,0
6,831,0 217,437.0
6,925,0 222,095,0
17.154.0
17,527,0
17,035,0
73,025,0
72,516,0
73,989,0
Angl3 48,167,1 197,605,0
Aug20 48,167,1 197,648.0
7,362,0
7,406,0
7,302,0
118,287,5
111.258.6
109.908.9
243,550,0 11,421,0
244,^89.0 11,380,0
247.527.0 11,405,0
93.634,3
«3.698.6
92.990.3
t Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposit*
amounted on Aug. 20 to $3,749,000 on Aug. 13 to $3,740,000.
j
Imports and Exports for
the imports at
Aug.
Aug.
18
19
New York
Week.—The
tlie
for the
week ending
following are
for dry goods
for the week ending for general merchandise
also totals since beginning first week January.
and
;
FOREIGN IMPORTS.
For week.
1904.
Dry Goods.
1902.
1901.
$2,014,856
9,537,800
$2,650,517
8.529.657
$8,884,883
$12,152,656
$11,180,174
$8,995,253
$76,360,904
295,430.247
$86,058,983
296.252.208
$79,153,335
273,126.472
$67,702,486
289.220.880
General Merchandise
TotaL
Since Jan.
1903.
$2,313,533
6,571,360
$2.310.79S
6.B84.498
1.
Dry Goods
General Merchandise
Total 33 weeks
$371,791,161 $382,311,191 $352,279,807 .$356,923,366
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. 22, and from January 1 to date.
The imports
NEW YORK FOR THE WEEK.
EXPORTS FROM
For the week..........
Previously reported..
Total 83 weeks
1904.
1903.
1902.
190L
$7,979,410
290.087.799
$9,073,315
310,114,954
$9,136,381
295.660.276
$9,908,914
330,756,517
$304,067,209 $319,188,269 $304,796,657 $340,665,431
House from week to week frequently show divergence from tlie monthly
compiled by the Custom House, we shall from tune to tune adjust
the totals by adding to or deducting from the amount "previously reported."
totals, also
Total
...
115,97'2,7 134,323,4
10991744 279,179,7 81,826,0 12096705 29-8
t
t
Total United states deposits included $23,378,900.
—
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Aug. 20, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
The following table shows the exports and imports of
specie at the port of New York for the week ending Aug. 20
and since Jan. 1, 1904, and for the corresponding perio(u in
1903 and 1902.
EXPORTS AND IMPOBTS OF 8PECIK AT
6«Id.
CapU
ua.
plus.
Invest-
T.
Sped*. Leg.
ABank
ments.
Notes.
Net
Other
Agent. Bks.dic
Clear'g
Deposits
Man&Br'nx
Colonial
..
14th Street.
Gansevoort.
Hamilton
..
Mt. Morris
Mutual
....
19th Ward
Plaza
Riverside ..
Stale
12th Ward
.
23d Ward..
Yorkville
Fidelity
Jefferson
..
..
!fi
100,0
300,0
100,0
200,0
200,0
260,0
200,0
200.0
100,0
100,0
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
267,2
106,7
665,8
113,2
10'2.9
283.8
118.2
295,7
58,2
133,3
123,9
Consol. Nat. 1,000.0 1,127,6
Union Exch 750,0 471,5
2,099,0
4,348,0
l,66li,3
2,041,6
3,062,8
2,327,7
2,641,3
1,753,6
2,976.5
1.177,2
7,440,0
1.652,0
1,347,3
1,899,6
o
''^f'S
2,065,6
695,7
607,6
1,991,2
3,729,0
4,315,2
$
$
69.3
227,0
70,2
10,8
172,3
141,0
29,0
37,8
102.0
8,9
482,0
33,0
62,7
42,9
11,8
8,1
26,9
12,7
219,4
327,0
114,3
201,8
115.0
88,5
171,7
94,6
83,3
235,0
161,5
92,0
98,3
241,0
206,0
138,6
262.6
46.5
75,6
32,3
18,9
96.7
60.6
191,0
340,3
336,0
166,9
111.6
106,5
271.8
108,6
444.2
665,0
$
646,2
3,5
84,2
66,4
183,3
65,3
5,4
121,4
88,9
117,0
116.0
159,7
241.8
56.5
196.4
234,3
865,0
41,1
97,3
139,4
89.6
426,8
609,4
208,6
227,0
6,3
276,0
100,0
Great Britain
France
$
2,966,3
4,436,0
1,934,5
2,230,8
3,394,6
3,029,6
2,664,1
2,208,0
3,610,0
1,418,0
8,635,0
2,040,0
1,818,7
2,363,3
754,0
1,895,3
757,4
537,9
1.163.4
2.617,0
4,636,9
Borough of
1.
Week.
Sines Jan. 1,
$19,637,476
41,305,126
$3,006,6o6
6,9^i2,82i
48,6o6
1,693.395
2,090,976
2,000
1,932
20.063
$3,054,000 $70,641,793
11,060 32,820,651
610.786
25,606,496
$74,052
Mexico
South America
All other countries
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
iHPORTa.
SirieeJan.
...........
Germany
West Indies
N. Y. City.
Boroughs o)
Columbia
Week.
Deposit with
BANKS
DCs omitted.
NBW YORK
Exports.
15.371
16,874
Germany
West Indies
Mexico
South America
All other countries
Total 1904
Total 1903
Total 1902
9
672,953 $26,985,782
351,122 20,609,681
604.370 21.678.606
$6,603,816
3,710,088
1,698,230
$6SS
$670,416 $24,586,115
763,109
26,800
2.538
195.885
48.600
1,356,100
10.123
France
$2,047,84«
1,489,883
1,633.803
632.608
67,989
719,257
62,937
a,657
8.746
112,315
4.930
6,764
367 991
$10,895
8,661
$618,473
1,069,67»
846,953
123,144
3,085
4.451
Of the above imports for the week in 1904, $36,440 were
American gold coin and $183 American silver coin. Of the
exports during the same time, $3,006,000 were American gold
corn and $2,000 were American silver coin.
Brooklyn.
Broadway
Brooklyn
.
..
Mfr8.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
..
North Side.
Peoples
17th Ward
.
SpragueNat
union
Wallabout .
Borough ...
Borough ol
150,0
300,0
252,0
600,0
100,0
300,0
300,0
100,0
100,0
100.0
200.0
200,0
100,0
200,0
334,6
167,6
562,0
396,5
63,6
756,8
604,2
100,0
174,1
180.2
86.9
249,8
116,6
83.1
88.9
2,129.5
1,681.0
3.174.7
6.907,7
1,133,6
5,496,0
3.316.0
1,073.9
1,371.0
669,1
1,061,9
1.066,6
780.5
1,664,8
13,5
109,7
391,8
189,3
9,0
200,0
139,0
16.9
66,4
11,9
108,9
40,6
62,0
22,2
177,7
413,5
64,9
381,7
72,0
812.2
566,0 1.152,7
51,4
183,9
362,0 1,000,0
401,0
478,0
84.5
45,2
137.8
257,1
49.2
84.1
20.0
184.9
81.8
82.6
28,6
60.3
100,7
94,1
22,2
76,6
26.0
264,0
295,7
114,5
40,8
30,0
690,0
167,8
32,4
2,380,9
1.870,4
4,007,2
8,800,0
1,282.7
6.832.0
4,032.0
1,296,4
1,743,2
674,2
1.187,0
1,649,5
893.8
111,5
747,0
69,2
400.0 1,063,5
3,789,0
172.3
260.0
260,0
200,0
654.9
278.6
288,1
2,193,3
1,178.4
1,406,2
69.0
68,6
50,4
63,8
14.6
78,1
369,4
242.5
729,3
109,7
14,1
1,994,8
4,9
2,009,7
110,0
126.0
6.S9,7
2,193,1
1.204.3
153,3
33,9
26,3
60,1
173,9
44.7
318,8
2,293,6
1,231,0
10,0
187,7
793,1
Jersey City
First Nat...
Hudson
294,6 1,747,0 1,648,0
.
HOBOKEN.
First Nat...
Second Nat.
163,8
67.7
Aug20 101370 121318 94.532.1 4.176 6.414.7 135471 6.874,8 1074577
Tot.ATigl3 101370 121318 94.466.2 4.009.4 6.664.0 137952 6.909,1 1079193
Aug 6 101370 121318 93.525.3 4,020,4 6.376,6 137806 7,181,3 1070357
Tot.
Tot.
Write for special
ffinanciaX^
circular, which will be
application.
maUed upon
Sp encer Trask
William
6,166,0
1.1 1*2,1
and
j
BONDS PAYING 5%
Co.
National
Second Nat.
Third Nat..
—See page preceding.
j^anlitttg
1,618,4
Jiichmond.
l8tNat.,S.I.
Auction Sales.
&
Branch
Fine Streets,
Office,
Moffat
&
Co.
Kew York,
Albany, N. Y.
& \Vhite,
Members New York Stock Exchanse,
1 NASSAU STREET, CORNER WALL,,
^Dealers In Investment Securltlei.
Tel, 5880<682l
CorUandt.
Telephone Stacka a Specialty*
Aug.
THE CHRONICLE.
27, 1904.
Peoria & Eastern income 4s advanced 4
Consolidated Gas new convertible debentwo points and St. Louis & San Francisco
Consolidated Tobacco 4s have been strong
4s over 2 points.
®a^jettje.
llawfejer^^
769
points Thursday.
ture 6s moved up
set page ifyj.
ref.
4s and
features. Rock Island, Union Pacific, Wabash and United
1904.-5
AUG.
36,
P.
FRIDAY
IH.
STREET,
WALiIi
States Steel issues have been active.
The Money Market and FinaneJal Sitnalion.- Reports of
DnUt>d Stales Bonds.— Sales of Government bonds at
operations at the Stock Exchange this week show that there the Board are limited to $5,000 28, reg., 1930, »t lO'iJ^ and
has been a moderate volume of business and a strong mar- $3,600 35, coup., 19 J8 1» at 104^ to 1' 5^. The following are
ket. It is apparent that the fears which were ceated by the daily closing quotations; tor yearly range see thxrapage
reports of serious damage to spring wheat have given way following:
to the more rational conclusion that such reports were exagInUreat
For JHtidendB
it is also apparent that the advance in prices
week at the Slock Exchange and the sharp decline in
wheat for future delivery are based on such conclusion.
Moreover, late reports from the wheat fields show a much
less serious condition of the crop than was at first repor-ted.
A notable feature of the present market is the readiness
with which prices advance as soon as there is any considerable demand. This would seem to indicate that during the
recent low level of prices stocks were absorbed by strong
holders and that th" present available supply is limited.
The movement of currency this week indicates that the
gerated, and
Psriods
Aug.
20
Aug.
24
Aug.
23
Aug.
24
Aug.
28
Aug.
28
106
106
106 >«
106
this
ts, 1980
registered
oonpon
Is, 1980
ts, 1980,smaJ.regutered
oonpon
Is, 1980, small
registered
Is, 1918
oonpon
1918
Is,
Is, 1918, smalLreglstered
oonpon
Is, 1918, small
registered
is, 1907
oonpon
is, 1907
-Jan
-Jan
'104*4 '104^ '106
104*4 104*4 '106
-Feb
-Feb
-Feb
-Feb
-Jan
-Jan
-Feb
-Feb
*106 *106
'106
106 *105 106
'106 >4 *106^ 106i« •loe** •106 V 106^
'106
106
i'oT
*i06"
ios"
ibsv i"o"4T, *i06
'106»4 •106*« '106*4 •1<'6»4 •107
'107
* 106*4 •106*4
107
106*4 •106*4 •107
registered
'ISl"* I3II4 'ISl", •181 J4 •181>l4 181*4
is, 1936
'182
oonpon
*181>u *181»« 'ISIS *181»a •1S2
is, 1985
was made.
"This is the price bid at the morning board; no
>
mm
move crops has set in, but if so it
Railroad and Migcellaneoag Mtocks, The stock market
the season than usual. Gold exports for the
week are limited to $500,000 shipped to Argentina. The has been moderately active and generally strong. During
the short session of the Exchange on Sa'urday the market
money market remains substantially unchanged.
The open market rates Cor call loans on the iStook Ezohange was weak and on Tuesday there was a tendency in the same
durlnR the week on stook and bond collaterals have ranged direction, but on other days there has been a general moveThursday's market was the
of 1 ment towards higher prices.
of 1 to 134 p. c. To-day's rates on call were
from
of the week and practically the entire list
to 1 p. 0. Prime oommerolal paper quoted at Sy^@3% per most active
recorded a substantial advance. To-day's market has been
oent tor endorsements and 3^@4 p. c. for best single names.
The Bank of England weekly statement on Thursday active and decidedly irregular. North West, moved up 3
howed an increase In bullion of £748,446 and the percent- points and other issues are higher, but a longer list is fracage of reserve to liabilities was 55*58, against 54*68 last week, tionally lower than at the close yesterday.
Th« Southwestern group has be^n notably strong on
the diBooant rate remaining unchanged at 8 per oent. The
Bank of Franoe shows a decrease of 7,625,000 francs in the favorable outlook for corn and cotton. Pennsylvania
sold up to 125, an advance of nearly 14 points wi' bin a few
gold aad an increase of 35'>,0U0 franos in silver.
months, and many other issues, including New York CenRBW FORK OITT OLBARINO-HODBB BAITKS.
tral, Illinois Central, St. Paul, North West., Southern PaI>ifftr*nc*t
1909
1903
iyo4
cific, Union Pacific, Reading and B Itimore & Ohio made
from
Aug. 23
Aug. 92
Aug. 20
new high records for the year. The local ransportation
issues have had a tendency to weakness and Metropolitan
t
*
9
9
110 423,70(1 100 073,700 Street Railway and Metropolitan Securities are exceptional
Qi^pltai
116,973,700
129 661 3'»'
134,823,400
114.637,100 in that they close lower than last week.
Bnrplas ............
boioa A duoonnts 1,099.174.400 rno" '3,683.000 917 944 900 918,687,900
Railway stocks absorbed so much attention that industrial
43,9e8,00U
Olronlation
87.614,900 Deo
678,600
32,414,900
•1.209,ft'70 500 Ino 2,438,000
913,782.0)0 948,269,800 issues have generally been neglected.
New York Air Brake
Ifet deposits
Ino
............
800
174,179.200
171.662,200
flpeoie
379,179,700
2,824
advanced sharply from 129)^ to 135 on bids for a few shares.
76,324.600
ICiegal tenders
81.826,000 Deo
833,700
76,248.600
American Sugar Refining and the copper and iron and steel
Reserve held
861.006,700 Ino 1,491,100 349,803,800 24<',810.800 issues were strong in sympathy with the general trend of
deposits
302 392,626 Ino
609,600 321^,446,600 337,067,460
16 p. 0. ot
the market.
881,600
68,613 076 Inc
21,068,300
9,743350
Snrvlns reserve
For aaily volume of btisineas aee page 778.
The following sales have occurred this week of shares not
'$38,378,900 rrntted ijt»tea aeposlts inoladed, •gainst $23,874 3001»8t
week and $37,271,000 the oorrespondlng week ol 1903. With these represented in our detailed list on the pages which follow.
United Htates lepomts -ilimlnated.ttie HDrvinsreserve would be $64,467,800
OB Angast 20 and $68,676.1 26 on Angnst 13
Salsi
STOCKS
BTotb.— Betarnsof separate banks appear on the preceding page.
Hung* f«r WetU
Rmnge since Jan. 1.
for
Wstit XnAing Aug. 26 Week
Foreign Exchange.— The foreign exchange market was
12B 11 Aug23 11 Ang33
6 Mar 16 Feb
quite inactive until Thursday, with fluctuations within a Allis-Chalmers Co
Preferred
124 49>aAng26 60 Aag2U
39SiMar 6 4^8 Feb
narrow range; the tone then became weak and it so closed. Ainer
Agrtoul Ohem
2111
l434Aug22 16 Aug2^
l.t
Mar 15 Auk
Preferred
125 79 Ang22 79 Ang22
Exports to Cuba, $2,958,000 gold and currency; to Argentina,
72»4Jan 79 Aug
Steel Poundrleg, prf.
Am
10(1
32 Aagji 32 Ang23
26
J'ly
38>«Jan
and
to
Canada,
$500,000,
$400,000 gold.
Amer Teleg <S> Cable
9'»
100 90 Ang2
Ang-iH
H2 Jan 92 J'ne
To-day's (Friday's) nominal rates for sterling exchange Amer Tobacco Co. pret.. 135 l35»4Ang22 i37i-jAug2rt ISO^iPeb 140 J'ly
& 80 Amer Telen.. 100 103 Ang23 108 Aag2^ 02 >« Aug ltr4 J'ne
were 4 86 a 4 863^ for sixty day and 4 89 for sight.
To- Cent
Heneral Chemical, pref..
BOO 94 "9 Aug 6 95 Aug 5 94 Feb 96 Mar
day's (Friday's) actual rates for sterling exchange were Horn Silver Mining
3(10 -00 Ang25 1-60 Augi^ 1-25 Maj 1 60 Ang
4 8520@4 8530 for long, 4 8780@4 8790 for short and 4 8830ca) Maryland Coal, preferred 100 110 Ang2;i 110 Ang2:^ 110 Feb 116 Feb
Nat £nam
-ti,Hmi>lng..
400 16 Aug^3 16 Ang24
14>«Ang 21 Jan
4 8840 for cables. Commercial on banks, 4 8490@4 85, and N Y .« N J Telephone ...
11 162 AngiO 162 Aag20 140 Feb l52>sAag
demand
for funds to
is earlier in
^
^
1
I
<£>
documents for payment, 4 8420@4 8565. Cotton for payment, BB Hecarltles 111 Cent'i
stock troBt oerfifioates
4 8420@4 8425; cotton for acceptance, 4 8490@4 85, and South.
Pacific rights
grain for payment, 4 8560@4 8565.
Va Iron Coal <& Coke
To-day's (Friday's) actual rates for Paris bankers' francs
for long and 5 \l%\(p^?> ri% for short.
Germany bankers' marks were 94 15-16(295 for long and
95 7-16tia95 7-16 for short.
Amsterdam bankers' guilders
were 40i^(a40i^lf for long and 40 32@40 34 for short.
Exchange at Paris on London to-day, 25 f. 25 >^ c; week's
range, 25 f. 26 c. high and 25 f. 253^ c. low.
The week's range for exchange rutes follows
were 6 18i^t@5 18%
-Long.
sterling Actuals
4 8545
8555
Low... 4 8520
-a 4 8630
High...
©4
.
,
-Short4 a810
-Cables.
4 8860
4 8830
®
9
.
4 8865
4 8815
4 87oO
4 8790
4 8840
Part* Bankers' Pranet—
High... 16 18 ^st
-aieiS^
6 16'et a 5 16T,*
Low... |6 1«3«
a 6 ISis*
-a 6 17»«
6 17'al
Oermany Bankers' Marks—
High...
96
a 96ii»t
'3 95<«
»6>«t
Low....
94i»,e -a 96
-a 96^1,
96»i«t
ArnsUrdam Bankers' Guilders—
Hlnh...
AOH^
9 40»„»
40»«Ti « 40^8
Loi
40>9
« 40'ell
40 a2
9 40 34
Lees: '^itot\%. t in of 1%. t»ttot\%. Plnsi 1I»i, of 1%. •*it»ofl%.
I
I
I
|
'3
'W
I
I
I
I
1
|
I
I
I
The following were the rates for domestic ezohange on
cities to-day: Savannah,
121^0. per $1,000 premium; Charleston, 26c. per $1,000 premium; New Orleans, bank, 60c. per |1,000 discount; oom
New york at the under-mentioned
merolal, 75c. per $1,000 discount; Chicago, 40c. per $1,000
dificonnt; St. Louis, 80c. per $1,000 discount; San Francisco,
80c. per $1,000 premium.
State and Railroad Bond?.— No sales of State bonds.
The transactions in railway bonds are again on a limited
scale and low-grade issues con' inue prominent. "The market has been generally steady to firm and a few i.ssues have
made noteworthy advances. Seaboard Air Line gold 48
advanced nearly 8 points and St. Louis Southwestern con.
90
2-1,292
26
90 Aug23
3>2Ang20
19
Aug2ti
90
93 May
2 "8 Ang
Aug 20 Apr
86 Feb
2>sAug
Ang2^
2<>8Ang22
19 Aug26
19
Oot8ide Miirket.— There have been some interesting develin the market for unlisted securities this week,
chief of which was the advance in the prices of Seaboard Air
Line issues. Trading continued on a large scale and the tone
of the market has been strong. Tbe announcement early in
the week that Thomas F. Ryan and associates had purchased
the holdings of J. L Williams & Sons and J. W. Middendorf
& Co. was the occasion for activity and strength in Seaboard
Air Line issues; the common rose from \\% to 14^^ and
closed to-day at 14, while the preferred gained 6 points to
27, the final sale to-day being at 26^; the new 5 per cent
bonds moved up 53^ points to 97, and ended the week at
96}^. Northern Securities stock lost 1 point in the early
part to 101, but later it rose to 104; total transactions for the
week in this stock aggregated, it is estimated, about 11,000
shares. Trading in Interborough Rapid Transit shares has
been light and the price movement irregular after a decline
of 2% points to 145^ at the beginning, the price advanced
to 149J^, but later reacted to 147^; the close today
was at 148 Stand ird Oil sold ex-dividend this week at
prices ranging between 623 and 627; the final s^le was at 625.
On reports of large receipts from royalties. Electric Vehicle
stocks developed considerable activity and strength; the
common rose 2% points to 123^, while tlie preferred advanced from 14^4 to 21 the close to-day was ai 20. Mackay
Companies common declined VJi points to 2.), and the preferred sank from 71'^ to 70 J^. American Can preferred ran
opments
;
;
up
American Nickel rose 'iSi points to
453^.
and Manhattan Transit advanced a point to 4. Greene
C nsolidated Copper stock was weak, the price declining
from
to 133^^ and closing to-day at \^%.
Outside quotations will be found on page 778.
3 points to
4!>^
H%
S
5
New York
Stock
Exchange— Stock
«k;c;upyin<j
STUChH—HIUIIhNI AND LOWJiblT
Sahirtlav
Mnndnn
Aug. 20
Aug. 2J
*26
*66
79 Si
97 H)
•116
•26
•56
2R
69
80 >4
97^,
81
!i7i4
!I8'«
S»
S?'"^
i^l'
•91
"2
9.i^i
•91
93
5214
63^4
•128 131
130
*140
•130
•89
90
8938
126 120';.' 1'.'6:'4
•65 '« iib->t •65 Si
1 65
165 165
36 'g
Sti^e 37*4
39 S» 39 >i •39 Si
633,
130
89V
127 ^
6534
1
65
37 »t,
40
•SO Si 83
•180 210
•180
•123 140 •123 140
14^4 15
U"!, 15
•81
•81
86
86
56J4
•52
"50 « 56
23^4 23'4
22=4 23
*80Sj 83
•149=>8 14934
•17934 181
•180^4 182
14914 ism,
•17934 181
lb2Sjl83Si
iv
Wednetday
Aug. 24
Thuridav
Aug.
STOCKS
14^8
15
8<*
179
14'8
15
52
527e
•22
150«8 15134
25
15134
180
18.iS!l84
54
24
98
IJaltiinoreite
93'-..
'>
54
133
'e
•135
•175
iio
•is 5
7
7
•
15
17^8
•4»8
•74
•107
16
25
•22
25
•107
110
U«8
14-'4
49
20
4H
20
48
49
160»al6l.
2,
•243,
•74
•20
•2
21-^
25
75
66 >3 66 S
14'8
4818
4.S5g
48
20
20
20 Si
I6IS1I6I34
270 270
"^4
75 ig
25
7434
20
4
a
87Si
il's
11^4
1134
26
27
26 Si
6234
1>3S2
6234
63
35) la
3934
1-..
7Si
38'8 3.i»b
•57
59
•80
85
16 134
66S1
6
57
80
•134
4
1434
Si
43
15
15134 1d27(, Chicago Milw.
17934 17934
Do pref
St. Paul.
5334
Si
20
163
2
15
&
"8"o"6
15 S.
Do pref
6 Si Chicago Union Traction.
4,900
107
110
pref
Cleve. Cm. Chic. •& St. L.
Do pref
20
'4
&
80., vot. inisi
Istpf. vot. tr. ofs.
2d pt. vot. tr. cits.
Do
Do
4936
164 I6434 Pielaware i& Hudsou
273'4 •273Si275
1 'elaw. Lack. & West'u.
2512 26 '4
25
25=8 Denver & Rio Grande
75 Si 75 Si
75Sl 75S!
Do pref
22
2234 2s
6
27-'e
Dodge.
Ft.
Detroit South, vot.
Do
Do
1134
tr. ctf>
pref. vot. tr. ctfs.
&
Green Bay&W..deb.
13Si
•71
75
*8'2^ 83^4
I3iii4 136'>4
20 « 20 "s
*38»a
39
•28
30
*12h.
74
»22^
434
•12^1
"v
2014
'^0^2
39
39
29
73
24
*27Sl
'2
7 2 Si
23^2
43'«
•22 Si
•43 Si
*12Si
14
62
13S;
*71
74
*82S2 33
13638 137
S2
44-^4
14
52
121
Si
92^4
12314
b<d'4
9034
121 'a 122
•-J
73
83
137
7234
Si 38
83
137
20
13734
3934
28
73
83 14
138
2034
4034
20 Si
40^4
28
29
73
73
83 Si 83
13734 139
20^8
4034
2034
2II4
41
41
7514
2313
}43ia 43Si
76'4
23=9
140
65
96
•
55
•86
71'*
130
72>s
130
2139
2
m
44
44 S
93 Hi 94-%
118l4ll8'4
•37
38
1913
•119
•29
•105
•61
19 Si
121'4
30
110
63
192
•190
32 4 ^^^i
64
6418
•90
91
63 Si 63 Si
•95 105
"u"'<j'l2"ie
90
63
91
Si
•95
•73Sj
*74Si 75Si
12208 123 '4
122V
•18
•76
20
80
•76
•65
(99
99
67
64»g
•84^4
55%
•70
7 3 Si
21^1
2334
86 V
66 »4 t>7
•30
45
"ii'i'ii"
140 '
110
54
54
55
55
•8613 «5
90
91
7134 72 14
71
72
129 130 •128 131
2II4 22 14
22 "8 2234
43=8 45-'4
46
47
9534
95
94 S) 9514
•11834 120
118 Si 119
37
•37
38
37 '8
I8I4 19S2
•17
19
12034
120
120iel21Si
28 Sj 30
•28Si 30
105 llO •105 110
60 65 -60 63
§liiO
190 4190 190
323e 333,
64
66 Si
18
64
Si
105
75
12414
21
80
•65""'67""
•98
99
55I4 66
•8234 85 14
72 Si 72
?4-'4
24
•-i
66>4
67
•30
45
Bid
A
'4
S(
7614
3238
65
90
140
•65
60
87 94
572 Si 73
128
131
2 2 '4
46-4
22»6
48^4
95
963i
11834 11334
36Si 38
•17
19Si
12078 12118
29
131
2279 23 ^4
48=8 497e
'4
96
97'b
Si
121
Si
38
3318
65«b
19 '4
12234
37
-17Si 19Si
12134 12234
29-8 31
29
63Si 65
63
•95
•95
73
63 Sa 63 S)
105
73Si 75
12334 124 -V
19
20
75 80
•74
123»9 12438
19
19
^65'" "tii"
"66" "66"
96
105
75
76
99
80
98 Si 98 Si
55
57 le
8AS1 81 Si
72
72',
6638
".i
85
72
25 >8
2438
67 Si
61^4
•30
45
24^6
67 Si
45
97'*
Si
37
•28 Si 30 Si
•105 110 •105
62 14 6234
63
18934 i893^ I8934 I8934 J 189
31 '9 32 'b
32 38 33 14
30 Si
64^8 6518
65 "4 663^
66
90 91 -90
91
91
91
•98
66
85
72
24 Si
67
'30
540
66
9S
72
11834ll9Si H9Sill9Si
37
17
Si
Si
•63
65
105
20
73Si
-Zi) Si
"'6"6"*
99
67
80
"73"
101
I9
84^8
74
74
25 14
24',
67^4
•30
I9OI4
3 2 '4
67 ;%
91
"3
""6"8"* ""6"8"
•KM)
105
57=8 58 Si
S4 85
74Si 75
25
25 Si
6734 68
•30
45
58>.i
8418
110
63
65
105
73 Si 73 Si
124 Si 125
20 21 Si
75 80
95
12 4^125
75
TTocking Valley
Udo
6734
45
Do
pief. vot. tr. ctfs.
Keokuk
<&
Des Moines...
Do pref
r ake Erie <fe Western...
Do
Li
L.
pref
Shore
&
Mich. Soutli'n
Long Island
Ijouisville
<fe
21SaMayl.U
65»8May31
33
54
72
40
170
70
100
*"li34*""l"2"ii
23%
i"o"o
4,516
140
66
66
55
•88
•88
95
72
72 •«
72
*128Sil3l •128
48
"
IZanawhaife Michigan..
•
2234
48^4
96Si
;i
50.340
9,079
4,760
IVC.Pt.8.<fcM.,tr. cts. pfd
Kansas City So. vot. tr. ..
64 Si
1134
450 60'8J'nel6
519 J'ue
120
9I4 Auglo
645
7534
21s,
113^
"irHi'i'i'g
13 Si J'ne 1
3,755 48 J'ue 1
2.625 17^8 J'ue 7
11,042 149 Marl,;
700 250 Si Feb 23
2,900 18 Marl4
1,8811 64 Sj Feb 21
100 19 Si Jan ;
li8J'ne27
415
234 J'ue27
700
29
•2314
•18Si
ll't
S(
13i4May27
4 J'lyll
29 May24
68SiMayli100 Feb >-
MajiO
J'lyl5
Feb 23
Mayl2
Marl?
AugK,
20 11 J'ue 1
2,420 60 May24
3,661 77 Marl2
13,454 12534 Feb24
1,910 14 J'ne 4
2,855 32 Feb 25
1334
77
2',3"o'6
ctt.A
83Sj 84 Si
pref
137=8 138 Si Illinois Central
21
21*4 i-owa Central
41Sl 42
Do prof
29
75
23
74Si
62
llHi
1334
7334
Si
Si
29
76 Si
?3^»4
23
24
44 45
•44
45
44
45
13
12 Si 14 12 Si 14
13
12Si 14
•47
•47
47 62 •47 52
52
52
•28 Si 29 Si •2813 29 Si
29
29
28 S» 33
85 95 •85 95 •86 95
•85
95
245 275 245 275 245 275 245 275
63 56S; 55 Si 55 Si 66 57
55
55
1205«12ll4 12034 12138 I2OS1I21I4
12034 122
154 -a 155
15118 155
I6434 155
155 155
90
9238
89 Si 90^8
9138
90
89^8 917j
1213412334 121 '8 123
1221412234 122 '4 123=8
73Si
23
"47
•47
•28 "a 29I3 •28Si 291a
•85
•85
95
95
•245 275 *245 276
-53
56
se"^ *52
120 1207fe 120 izl^
•153 164'.^ 154 154\
891-j
"1414
14^4
7234
Mar22
5SiMtty24
2",.V8"(")
Atl..
Istprof
39 '4
Do 2d pref
69 Evanav. & Terre Haute..
85
Do pref
Ft. Worth* Den. C, strap.
185 Great Northern, pref
170
810
Nashville...
Yl anhattan Elevated...
22SjMay 9
6418 J'ne
Do pref
.Mexican Central
.Michigan Central
1
625 16 Si Feb 24
510 31 Feb 29
200 lOSjJanll
45 Si Apr 7
i,660 26 Marll
85 J'uel?
«250 J'ly 1
627 46 Mayl/
13,520 101
3,580 13934
72 14
61,410 10434
16
45
i'letrop. Secur., sub. rec. 127,090
Metropolitan Street
Met. West Side El. (Chic.)
a82 Jan
Dec
Dec
41
Jaa
Jmi
Jao
103 4 Jut
69
8'.I7^
Mai
126
104
963,
711,
160
160
Jaa
Kek
Fe^
Feb
F«b
5
22l'79"5
Feb 23
.Mar 12
Mar 14
Marll
Jan 15
Mar
9
138 '4 Pe'lJ
7«SiJan
190 Jaa
53 Si Jan
Jan
70SiDee
37>4
^il70 J'ly }1>4 .Mai
105 J'ly I3rj<4 Jan
14
124 Feb 11 ?135 Mar-'i
1278J'ne 8 17»4Jau22
135
pref
271s L?ne
63 '4 Cj Do
57
80
185
&
Des Moines
Si
5
66 Si 66 ^v Detroit United
7
Duluth So. Shore
63% 64
39 Si 40
'57
59
80 85
*170
2
7
•III4
26=8
63 14
39=8
7
113,
Si
•1114
27
28
*2
*4i8
2
4
4
66 Si 66 Si
Si
AOK
8139 auk
y878Aux2;-;j|
Jauli-
il65 Apr2^
Do
15S Colorado
^1514
48=8
2014
S;
«
80SiJ'lyl3
100 47SiJ'ne 6
400 20 J'ne 6
83,9 6 137i8Feb24
310 173 Mar 4
3,7'.'2 161i«Marl4
200 207 Feb 8
i\30 J'ue
iiref
270
2
5,710
Chicago Term'l Transfer.
49
20 Si 20 Si
163 164Si
^4
n81
7
534
25
54
J'ly 21
H2SiAuglfl 54
HlgliMt
1
140
"'7"9"""7"9"76
A«gn
28
59
1
7
Do
87=8 Jau
Lotueat
30U 104'-iFebl8 121 J'ly 2 Loo Dc4;
72'8Marl4 87 Aug2rjl 71=8 Sep
87=8 •'"«'> 19 95 J'ly2(il S2J4 J'ly
64,300 38 Feb24 547eA\igl:l! 2'.ISi.Sep
400 llSi4.Mar 2 131 Aug2. |121 Not
{135SiJ'ne2l n3'>'-iJ'ue2jSl40 Sep
7011 86
Aug
89=8Aup2.i|
11, .WO 109SiMarl2 r28'-jAugl:Jll.'-.=8 0ct
1,2110
64 Apr 29 68i4Jau 2 57 Si Sep
1,070 154SiFeb2(i 167S.Aug25 153
Oct
20,lliJ 28 14 Marl4 38'8Aug2D
2714 Not
750 33 Jan 15 41«4J'Jy2b i8SiSep
76 Jan 2 85i4Jau21
60 Sep
135
176
15
110
25 J My 11
200 {4934 J'ne 8
64 Feb 2
Do pret
Chic. Rock Isl'd
Pacific
Chic. St. P. Minn. <fe Om.
534
14=8
4838
"A"..
"B"..
pref.
pref.
& North Western
&
184Sil87Si Chicago
"7'658'"7'9"
107
14ie
4SSi
43
185
•170
185
76 '4
110
Brooklyn Kapid Transit..
debenture.s
15
5I8
pref
Do 4 p. c.
Do 5 p. c.
Do 4 p. 0.
6'6
15
5Si
5
•6638 67
6'3 7
11 '4 US;
2638 27
63
63^8
39'8 39S2
•57
59
•80
85
59
85
iVo
lb5
15
270 273S2
24 Si 25 ig
75
75
23 Si 23 Si
2518
24''8
2
5
67
"7534
107
1434
2 Si
4
67Si
7
1134
2714
*4
*65
170
185
"7'5'34'
110
1434
30
134
8^
J8'4
H.
•73Sj 74S2
a-a
4'v
ill
11
•2638 2t3'-j
•62'>8 63
•38'a 39
•58
59
•80
90
•170
•270 272
24 Si 25
*20
30
4Vj
Si
19'4 20
160', 161^4
5Sl
684
•107
1434
15
16
140
Do
Chicago Burl & Quincy..
ChicaeroA East. 111., pref.
ChioaKO lireal Western..
140
52
6^8
7Si
JligKeet
47,167
&
86
•135
'175
140
•6S1
7Si
6
•74""75" "75"
75
110
1413
•270
7Si
15
5S2
•135
•175
140
175
7'6
5S>
5^4
<135
ilO
•OSi
Lowest
97,86:.
8,"69
KR..
Ohio
Burtalo Rocli. & Pitlsb'g.
Do pref
883, Buffalo
buHqiie, pret...
127'.. / lauadian Pacitto
663^ V /anada Southern
167't Central of New Jersey...
3834 Chesapeake <fc Ohio
41 Chlcaxocfe Alton
82
Do pret
22<dSi224
•175
Sanla Fe.
AtlaiitloCouHt I.lue
863,
81 Si
52
15138 1523b
•17834 1793, •17834 179^4
{18418 18418 184 184S!
'1
121
<fe
Range lor J^evtout
year(iyuU)
Year iyv4
lor
0/ lUO-sfiare loll
Week
jiret
Topeka
Do i)rf(
Hlu, Atch.
I5I4
Si
Mange
On Oatit
Smarts
^A nnUoArbor
28
60
86
54 S,
•22
Iht
Uaitroails.
15
81 Sj
8IS1 85
Sate» 01
STOCK
EXCHANGE
2fi
30
58
•81 Si
52^8
•23
150^8
NEW yOBK
tridav
Aug
'J
.
1,
Record, Daily, Weekly and Yearly
two i'A<;t
fHJCKS
•26
•20
26
30
30
•5«
•57
59
67
57
«li4
"3
81134
80
SIS* 81=8
80"s 81«8
9SI.J 98 'e
98 14 98 Si
98 '4 9834
98 Si
116i.il21
•120
121
121
•119Sil21
8:)>4 85'(,
85 14 85 \
86
85S> 87
91 93 92 93', 92 Si
91
93
53 Tg 5438
6338 54 14
63 Si 54 Si
63 Si
128 131 •127 131
130 131
'12S
•130
•130
140
•130
88 89
89
89 »» •88 Si 89
8834
127 12 73< 127 127 Si 127 Sj 127 '6 121)14
•65
66
66'4
65 Si 6538 65Si
'4
65Sj
•1644 165 Si 166 166
167 Ski 67 Si lii7
37a9 38>4
37''8
37 Si 3734
3734 38'h
•39 Si 40
40'8
40
4uSi
39Si 40
80 Si 83 80 Si 82 •80 Si
•HOSi 83
180
•180
180
180
•123 140 123 140
123 140 •123
•26
•56
30
68
79^8
12034 i-MU
Hi
8.^\
121
6'2U
Ttusdav
Aug. 23
SALJs,
57
24
Auk 20=HJan
13
SeSiAprli
71 Jan 23
31 Jaa 2
83
63
24
Si
Sep
907g Jan
Oct
851-i
.Sep
4 6 '9
Jan
Feb
152^8 Au([26 13314 Au(i l83i4Jaa
L«2 J'lyU 168 Aug 191>4 Jan
Aug26
Sep 224 Si Jul
Aug J50 Jan
Oct 20o>8 Jan
145 JauCJ 117 J'ly 162 Jan
5185 J'ly 20 ^165 Nov 194 Jan
1234 Jan 16
8 Aug 1979 Jan
26 Si Jan 15 15 Sep 36 Jan
738 Jan 4
3 .May 17SiJan
3334 Jan l^
30 May 5034 Jan
8034 Jan 22 66 Ann 99''8>an
llOSiMari4 112 Dec 119 Jan
19 Jan 12 10 J'ly 3lSjJan
58SiJan2- 44Si Auf! 72 Jan
2838 Jan 22 17 Aug 48 Jan
li)8SjJau2:; 149 Auk 183 Si Feb
J7534 Apr 7 230 J'ly 276 Si Jan
26I4 Angl8 18
Oct 43 Feb
62 Nov 90 Si Feb
75-.iAug2
24=8 Jan 22
12 Sep 47 '4 Jan
14 '4 Jan 2..
734 Aug 20-18 Jan
29 Si Jan 20 14 Not 3934 Jan
siA
J'ly 1.'
55 Oct 90 Jan
IOI4 Jau22
7 Aug 19 Si Feb
li)34 Jan2.^
10 Nov 293g Feb
2914 Jan 2 23 Aug 42=8 Jan
6934 J an 2.
6218 Apr 74
Feb
50SiJau 2 44 J'ly 6478 Feb
39 Si J'ly 72 Si Jan
66S2 Jan27
80 Aug lb 78 Aug 91 Jan
54 Feb 3 31 Sep 74A, Feb
186 Mar2. 160 Oct 209 Jan
79^8 Jau 7
73 Dec 85 Jan
15 "4 Apr 6 10 Aug 27 Si Jan
77SiA»g26 63 Sep loeSiBeb
85 Jan
77 Oct 99i4Mal
139 Aug20 125i8J'ly 151 Jan
22^8 Jan 8B- 16 J'ly 48 Jan
42 Jan 141 30SiOct 773b Jan
29 Jan2i 251.. Oc^t 47 "i Jan
76SiAug26 62 '4 Oct 8234 Feb
24 AuglH 16 Si Oct 36i4Jan
45 J'ly 18 29 Oct 61i4Jan
19%Apri2| 10 Oct 40 Mai
52 Apr 20 48 J'ly $55 Apr
33 A»g2li| 23 Si Nov 53 Jan
J95SlMa>24B 89 Nov 118 Feb
527134 Feb24l275
Dec 334 Si Jan
57 ATig2'jff 49 Dec 83 Jan
l22SiAugH 95 Sep 30 Si Jan
l55=8Aiigr.' 126i4Sep l55SiJan
96SlAugll 70SiJ'ly 1 28 '8 Jan
12534 Angii
99^8 Sep 1427gJan
17S;Jau 4 17 Dec 38 Jan
53 J'lyi- 61 4 Dec 88 Jan
l'?7Si
1
53
224 J'ly 10 190
5137 May
132
•.
<
I
1
1
AprJ3 14SjJaull
SSiNoT 29
«119SiFeb 1 138 Feb 26 102 .May
Oct
"e'to 40 J'ue 3 6734Jaul8 41
Minneapolis & St. Iiouis.
200 80 J'ly 29 9484 Jan 2l| 83 Nov
Do pref
Aug
.\ugl0B
42
55
Jan
4
76
6,070
Minn. S. P. A S. S. Marie.
1,300 116 May 2 131 Au(il ll09SiJ'u«f
Do pref
29,855 14!^Feb24 2 (14 Aug. 6y 15 Si Oct
-Mo. Kansas & Texas
26.370 32', J'ne 1 49'8.\ngJ6l 33 Oct
Do pref
8534 .-V UK
114.660 87 Feb 27 9i'8Aug2
.Missouri Pacific
710 101SjFeb24 124'4Jau 11 85 Oct
!VJ ash. Cliatt. & St. Louis
3434
Feb
20
J.in
1
34 Si Mai
11 at.of Mex, non-cum.pf
4
I
200
200 16'8Fcb2.) 21'8Jau ^ 17 Nov
Do 2d pref
2
Mar
12
12234
112=9
J'ly
11
Aug25
9,887
'8
N. Y. Central <& Hudson..
1,200 25 May 16 3214 Jan 23 19 Si Sep
N. Y. Chic. & St. Louis...
IOH34 Augl.'i lOO Oil
10lS.Mayl2
" "60*0
50 Sep
60 J 'lie 14 69 J au 2
Do 2d pref
400 {lSoi4Mayli' 196 Jan 2-4 US'SiMay
N. Y. N. Haven & Hartf.
Sep
19
N. Y. Ontario & Western. 31.245 19aeMarl4 3l=8Augl;'
23,085 63SiMarl2 6738AugJC 53=4 Not
Norfolk <& Western
300 88 May 6 91 J'ly 27 86 Aug
Do adjustment pref.
150 J'uel4 172 Aug 17 190 Aug
Northern Central
200 61 Feb24 64 Augl? 3934 Sop
L>acitic Coast Co
.....
95 J'ly 26 95 J'ly 26 80 J'ly
t Do Ist pref
50 14 Aug
61 14 Jan 12 7434 Aug
'"2"o"6
Do 2d pref
125 Aug20 11034 Nov
164,120
I Si Mar 1
Pennsylvania
700 17 Marl6 23'4 Jau22 15 J'ly
Peoria <& Eastern
74i8J'ne 9 8139Jan2.H 74 J'ly
Pore Marquette
}63 May 31 i69 J'ly 13 }74 Dec
Do pref
55 Sep
iioiio 56
Apr20 73 Aug.
Pittsb. Ciu. Chic, cfc su L.
300 90 April 101 Aiig.i5 90 Oct
Dd pref
L>eadln^, vot'g tr. ctfs.. 211.950 3834 MarU 68SiAug25 37SjNov
«00 76 Mai 1 8u Auglh 73 Sep
tVlst pref. vol. tr. ctfs...
2.963 55 14 Feb 25 75 Au)s.6 5534 Not
2d pref. vot'g tr. cUs.
19 Si Aug
68.7110 IMS. Marl 1 27 la Jan 22
Rock Island Company
6,800 5734 Jan 6 6->78J"n22 6034 jsep
Do pref
30 Apr22l 3 8 Si Fob HW 30 Aug
Rutland, pref
1
1
U
Mai
Jan
Jan
Feb
118
7 9 Si Feb
13214 Feb
3018 Jan
63 Si Feb
I157g Feb
Deo
1 33
135
110
i-j
47=9
M»»
28'3J'n«
156 Jan
45 Jan
118 Jan
87 Jan
225 14 Jan
35 -4 Feb
76I4 Feb
93 Si Feb
Aug
190
Jan
Fob
Jan
157=8 Jan
39 Jan
91SiM»T
1
Ti
00
76
}76
94
115
69 '4
Sep
Jan
Jan
Jan
897b Keb
Jan
81
53=8 Jan
86 Jan
72 Jan
BANKS AND IKUbT COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YORK
American
Amer
...
l^xcli..
Astur
Boweryli
tic
&
t526
234
775 826
325
1
BulcirsA Di 150
Century
180
Chase
650
160
1i
Chathani
Chelsea Excl
Chemical
Citizens' Ctr
Bid
linnks
City
265
Coal
Iron. 170
Colonial I1 ... 450
Coluiubi.ili
..
180
Fidelityli
Fifth Aveli.. 3000
Killh
;ioo
145
165
Kourih
Couinierce. ..
Consiilidated 150
100
C'ru lixchgel t385 t398
Dlscoumll ... 145
155
Eaal River.. 150
165
l75
Kirst
615
Bid
iianus
200
1000
ii25
ASK
t220
385
Gausevoortli 140
Gartield
500
100
German Ami 155
German Exl 375
165
Gennaniall
..
Hiuniltonli
..
Irviu:;
270
170
-|0i»
IM
500 530
1000 1100
1115
\
J30
.
.HO
320
255
260
Market ifcFul 240
.Mechanics'
.Mech di Tral
500
to74
Liberty
Lincoln
Maiden Laue
.Manhattaul
GrcL'Uwictil
Hanover
hup & Trad.
Ask
Bid
linnks
Jeflersonn... 140
14thStreetn. 300
Gallatin
350 400
t212 t213
t33934
1100
ASk
208
.
200
MO
130
Mercautile .. 210
.Vlercli Exch. 160
210
.Merchants'.. 175
375
.Metropll
Mt Morrisli.. 225
S5
425
iOO
170
1
linnks
MutualU
1
Ask
196
187
410
1500
200
2S0 290
loth Wardli. 150
400
North Araer. 190
Northern
115
Orientalli
220
Pacihcil
Park
People'sli
a l£x
255
475
270
Banks
Phenix
N.assaull
New Amsler
New York Co
N y Nat Ex.
New York...
State uauiu.
prices; uo .sates wer» lUaiiu ou iriis a.iy. 't uoiA K,.ii,i ijj iiUkCa^. I .^^al n.; lu-t.
s rrasD Co. cortlHoatas.
1 Sale at StockExchauge or at auction this weeic
A Asaesament pair
Bidandasiced
Bid
?90
Plaza',1
Proil Exchl .
Riversidell ..
Seaboard
Second
Shoe*
Letli.
Stat«1i
:-i4th
330
265
Slreel..
12ih Ward!
23d Waril'
296" United
diviileuil
..
Union EichT
and rigUM.
100
0X4ew8toeJt.
/
V
3
Aug.
6
4
51
STOCKS— HIOHHHT AND LOWEST SALS PRICSS
«14
•14
•45
•24
•72
63
26
78
•24
*73
67 14 STOg
*161 185
^5%
64^8
•15
•48
25
76
•72
87 •« 27 S
92 Hz «
Aug.
17
2434
76
5778 58*4
171 171
le'e 17^2
39
40>a
64'^ 57
27 «8 2^6^
28^4
57 'e
29
96^
93 "4
9338
66''g
93*4
•15
•46
•24
•72
62
2434
68'4
161 185
16 >4 16»4
16I4
le^
61
16
blh
Wednesday
Tuesday
Aug. 23
Monday
Aug. ?2
16
45
>
771
Stock Eecord--Concluded— Page 2
27, 1904.J
Saturday
Aug. 20
3
Thursday
16
46
25
73
49
26
78
58
165
60
17
49
25
76
674 5«4
n65
Friday
Aug. ae
Aug. 25
24:
165
167fl
',
57\
29%
934 94
»,
lfi34
4S
165
197h
43 4 45
57
287b
163*
4s
72
69 4
Sales ol
STOCK
the.
Shares
pref
1st pref
pref
C.& E.l. com stock trctfs
St. L.
2rt
& S. Pr.
Do
5.t'^
for
0/
Year
mu4
lUU-share
Range
,
Marl
r.
2rt
185
221.; .St. Liouis
4434
5l)%
I
27%
"28" '29
27
124 126
•19
22
25^8 25 'g
126
•123
•IP's 22\
•2638 26
38 "9
•98
39
39
98 >a 98
98^4
2834 29-,
•JS'b 29 42
123 I23I4 '122 124
•20
22
•254 26
39
39
J99<4 99 14
1.
9734
t>7»i
95
•94
94 >9
fl2'4
12'',
13
64
•53
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1S34
1734
86 Vj 37^
36*8
17^8
S16
•40
•24
16
•88
*2a
17 <8
88 >a
42
25
•3814
6334
64^
19
78'*
32 "a
•19>4
21
•27
•10 >a
•26 "9
81
•88
27 S
•SHi
--J
4
•19534
•"
118
118
*12'ii 18
•66
70
*2<:'«
•168
15
«72
•35
•82
23
164
!«
>•.
15
72V
3d
•125
130
89
•2(4 28
100-4 100 S
•Sii's 33 4/
76
76
•217 220
•IS'4 19 S
•76
77
•b634
•18
"a
7^1
43
36
43 «» 44
81
•7'i)
Hi
•1«34
•76
•37
43
'8
•29
3 '8
9
Hi
16
16
41
41
24 4 24 4
42
25
17
173,
39
89
230 230 '226 233
56 4 66J«
65% 674
18 '4 19
I834 1834
79>4 79'4
79
79
33
33
334 83
•914 95
}914 914
•22
•22
24
24
}202 210 J212 214
•6
6
•4
434
•IS-* 21
6^8
6^8
27
21
'"88'4
•34
4
5
4
21
6
21
6%
27
12>4
32
214
67,
95
•134 15
65
66
39
16
40
42
41
26
187g
225
233
66 4 674
19
1334
794 794
8234
8234
•914 95
•22
210
34
{216
•64
•34
6
434
•194 21
•6% 7
26%
114 114
27
11
32
214
204 20
90
90
90
90
4
4
4
•34
4
m
194 194
38 4
16
{41
26
17 4
}27
11
•30
21
90
73,
4178,
19
76-.
38-,
•314 33
31
•74
•10
76
76
74
7
18
•7934
18
81
•414 42
7a
4
42
18
•7934
2rt
32
82
7(,
&
20
•1934
634 64%
107
1074
Do
90
4
90
19%
2034
434
63 4 64
•93
94
13034 13134
864 364
.4
444 444
30
4
63
3'.
914
49
7'e
7
Se".'
86
hj
734^
86 S.
94
734
3634
60
Amer. Smelt'gdb Relin'g.
Do
iid
48
48-2
19
19%
9%
49
19
n»8
68 •«
75
H,
•47
49
•la's 19
75
«75
377s
American Sugar
7j4
120
7
J121
4
66
734 72%
74
72% 72%
35
7%
42
42 4
184 184
•794 81
37
37
83 4
87
7%
434
Do
1)1^
12"*
ll'e
124
68
69
6->'8
5J'e
lb34
7%
864
18
Anaconda Copper
Brooklyn Union Gas
runsw. Dock<feC.Imp'l
Butterick Co
lolorado Fuel
Do pref
/
V/
893,
{89^4
160
1^9
190
181
&
Iron...
31
4
•37
•83 4
87
pref
New York Air Brake
North American
Co.,
new
pacific Mail
I
eop. Gas-L.ifc C. (Chic.)
Pressed Steel Gar
Do pref
Pullman Company
tail way Steel Spring...
pref
pref
44 4 45
-J
31
Kj
Standard
St.
A
Iron
Hope* Twine..
& KU...
rexas Pacific Laud Trust
I
Imou Hag <& Paper
I'enn. Coal, Iron
44
Do
y>
pref
94
94 9 4 U. S. Cast 1. Pipe & Foun.
53 4
Do pre!
12134 122
{122 123 Llnitod States Expre.ss...
74 734
73, United States Leather
74
94
86
86
49
61
514 624
194
19-4
19
7534
114
753
12
5334
5il%
86
32
32
104% 1047b
236
90
89 'b|
8.) 34
89^8
160
15J lo9
1m7
l-"!
187
276
90
16941594
181
IH7
754
12
6.)%
185
185
IHO
pref
8 Realty* Iraprove'ul
194 Uuilcd suites Rubber
Do pref
76 '4
12 4 United .Stales Steel
Do pref
6')%
Virginia-Carolina Ohem..
32
106 'b
l)o pref
32 4 32%
32
105 106
106%
{250 250 {240 240
8934 90
8934 90
1,19
169
158 169
Wells, Fargo
<&
Do
Alayli
7 Jau2l)
4978 Mar 7
38 4J'ly2.j
65 Jau 27
227
I634
Jan 26
2104 Apr 20
Mar
26
29
1
J'ne 7
148 4 Sep 170
12
Aug 30
24
AiiK
38% Sep
16 4 Oct
6.1 4 Oct
85 J'ue
204 Aug
100
Oct
7
4 Oct
15
24
79
Sep
Sep
Oct
155
J'Ui
1
6534
Aug
83 4Ant;
9 Dec
35 J'ly
16% Oct
27 4 Sep
J'ly
Jan
Jan
684 Mai
367e Jan
96 Feb
964 Mat
43% Feb
12878 Jan
37% Jan
3178 Jan
48 Jan
1224 Jan
n59 4 Deo
104»8 Jan
95 4 Feb
22% Jan
64 4 Jan
66
3234 Fel»
554 Feb
27 4 Feb
404 Nov 62 May
20 Sep 384 Feb
144O0t 29 4 Feb
33 Nov 55 4 Feb
12
J'ly
5204 Jan 235 Feb
33% Oct 75% Mat
17
4 Nov 41% Jan
93 Jan
464 Feb
60 4 Not
25 4 Aug
98 Feb
Nov 414 Jan
Aug 235 Feb
J'ly
29% Jan
24 Oct 11 4 Jan
10 Oct 37% Jan
1134 Jan
4 Oct
164 Oct 424 Jan
1934 Jan
5
J'ly
23 4 Nov 48 4 Jan
104 Oct 31% Feb
67 4 Oct 9534 Feb
2 4 Mar
5 4 Feb
24 4 Jan
1 4 4 Sep
3634 Oct
5278 Feb
80 4 Oct 99 4 Feb
90 Aue 126 Mar
80 Sep 98% Jan
107 4 Oct 134%Jan
116 Aug 123 Deo
117 4 Oct 169 Feb
1438 Feb
7 4 Oct
65 Oct 80 Jan
58 Oct 1254 Feb
170 Sep 225 Jan
5 Ocl
154 Jan
40 Aug 55 Jan
24 Nov 82 4 J an
65 Dec 122 Jan
9 4 Nov 22 4 Feb
164 Aug 222 Jan
9434 Aug 119 Jan
15 4 Nov 35 Mar
60 Nov 85 4 Jan
20 J'ly 3434 Jan
136 Sep 204 Feb
82
24
J'ly
171
6
9 J'ly
67 4 Nov
3734
Aug
1
•28
40
Apl 7
28
1978Jan
74 4 Feb
Nov 73 Jan
Dec 46 4 May
Oct 89 4 J an
4 Feb
>
Co
esl'u Union Tele'gph
West'gh'seKltSi&irgasseu
187
13438 AuglO
13434 Aug26
139% Augld
124 J 'ly 27
80 Aug26
804 Aug 2 6
2478
1
Do pref
U a Realty c&Construction
86
it
18
63
39
58
'4
-^
13,
AuglO
Jan 6 10734 .\.ug. 7
Jan 21 135 Aug26
Jan
93 4 Aug 12
7
32
70
9 73 Apr 7
13 Mar
144J"ly23
6 4 Sep
4 Mar2
1,005 36 Jan 4 4j34 J'ly20 32 Oct 47% Feb
30 1004 Jan 16 109^4 Aug>6 94 Ocl 10678 May
10 4 Nov 29 4 Feb
15,240 144 Feb 25 24 4J'ly 11
Feb
100 80 4 Jan 2 u 96 Aug2o 75 Ocl 95
13934
22
Jau
105 Oct 177 Jan
3.015 120 Feb 2
2,700 80 Marl2 93 Aug26 68 Sep 1244 Jan
334 Jau In 17 Auj; 4234 Jau
5,000 21 Feb 2
8734 Sep lo8% t eb
14,458 9234 Marl2 102 Augll
650 244 MaylO 34 J ly 13 22 -iNov 6534 Jan
810 67 Maylb 77 4 Aug 1 62 4 No\ 95 Feb
140 209 Mar 1 222 J'iylu 196 J'ly 23534 Jan
16 May 18 24 4 Mar 2 16 Sep 37 Feb
"706 7134 Mar 11 79 J'lyl3 67 Nov 90 Feb
334 Jau 25
6 May It
5% Nov 22% Feb
2.120
2,350 37 Mayl.S 49 4 Jau 2;s 3634 Nov bO% Feb
900 14^ Aprl5 224 Jau 27 12 J'ly 30 Feb
260 7434 Jan 15 31 Augi9 60 J'ly 84 4 Feb
4134 .Apl 12
Feb
22 4 Oct 72
500 314 Jan
77 Jan 6 86 Aug 17 67 Nov 97 4 Feb
»4 Sop
6 4 Feb
178 Feb 24
100
34 Mar 4
9,200 31%Mayl6 46 4 Aug 2 25 'e Nov (iS\ Mat
200 25 MnyiU 31 Augl3 22 Aug 4934 Jan
3 78 Aug 19
900
64 Jau 2w
4 4 J'ly 15 Jan
100 45 Feu 24 58 4 J ail 4 6(34 Dec 7934 Jan
1 5
Feb
9 4 Aug26
6 Sop
l,78i<
6 4 May
800 40 Mar24 63 4 Au^2.> 33 Nov 55 Feb
595 100 Feb 24 {123 Aug2() 95 Aug ,504 f'eb
15 I* Feb
84 Jau 2.
6 Sep
4.400
6 4M»y2?
1326 7r)%Jau 4 86% Aug 18 71 4 Oct 9634 May
4 Dec 284 Jan
5 4 Jau 15
9% Jan 21
40 Jan 14 63%May23 304 Nov 73 Jan
J'lyl3 624 Aug26
7,16t< 43
7'"
J'ly
19 4 Feb
1,350 104 Feb 6 194Jly22
].4'I0 41
Jau 4 784J'ly 19 304 J'ly 68 Feb
'26,7.-li)
«%M»yl.. 12 4J'lylh 10 Nov 39 78 Feb
176,540 614Mayl3 63 4 J 'ly 25 4934 Nov 3934 Jan
66% t'eb
1 7 4 Sep
4,0 6 2234 J'ue'29 344 Jau 2..
2,550 97% Apr Uj 1064 Jau 26 80 Auk 128 4 Feb
290 j200 J'lielti 250 Aug23 jl91 J'ly 249 4 l''eb
1,0H1 85
May 19 90 Aug24 80 4 Sep 13 Jan
Jan
:i
600 153 May 2 173 78 Jau 21 l:u) Oct
100 180 AuplT 194 Jau 19 160 Sep 224 Jau
nref
Oloss-ShelUeld
Do pref
3.S
Feb25 65
3334
434
154 Jan
Jau
Jan
Aug 88 Feb
Df
78 Feb
Oct
Oct
Oct
6
National Lead
Do
46
440 71
Rubber Goods Mfg
814
81
1,600
Manliattan Beach
VTational Biscuit.
Do
Jan 22
Jau 14
J'ne 3
1.070 194J'ne 9 2>)4 Jau 21
1,227 cl51 J'ne20 179 4 J an 23
8.260 104May26 154Augl3
885 64 4Fe'j 9 72% Aug 16
pref
International Power
interuat'l Steam Pump..
Do pref
Do
22
4J'nel6
780 IOI4JUU 4 118 4Augl2
934 May 9 22% J an 25
876
50 65 Mar 9 74 4 J an 23
Do
Do
44
18
794
44% 45
19
764 76
114 124
68% 69 "b
SI-* 31 \
3114 8238
31>« 32 >4
101 Hi 106 '4 5106 105
105 lOo'e
1218 218
218
{235 250
99'4
Teleg...
pref
t V 1)0
pref
734 llepublic Iron <& Steel ...
134
•484 49
75 '6
ll'g|
<&
American Woolen
Augl«
90
6
2
16
33,245 1224 Mar 7
2.048 123 Jan 4
121 FeblO
165 10 Jan 4
800 69 Jan 25
3,280 61 Feb 20
185 Mario
200
5 J'lylb
100 4778 Feb 19
4,560 25 4 Marl'.'
lOu 63 Apr 5
1.300
8 J'ue2a
13,360 185 Feb 8
Relinni^t
Do
pref
Amer. Teleph.
754Jan
316 110
221 85
53
''.
6>;
pref
123.
•35
4
63
1,500
4,226
41.135
7.570
pref
12
12
Col. A Hock. Coal <fc Iron.
196 4197 4 3)1954 195'4 Consolidated Gas (N. Y.).
•117 118 •117
118 Continental Tobacco, pref
134 134
134 IHK Corn Products
•68
6976 {68% 68%
Do pref
{i:34 234
23
23 -/ Distillers Securit's Corp.
1634164
164
164
General Electric
14
144 144 International Paper
12
30
9
7^6
50
42
18
81
Do
135 American Snuff
94 4
Do pref
{94 4
130 4 1314
133 4 134 4 13434 134 '4
•137 139
•137% 139
-11% 12
12
12
80
80
80
80
80
«o4
79
80
•213 220 213 220
6
64 •6
7
43
494 484 494
•60
460
pref
American Malting
I0634 107
{13541354 135
7%
374 374
•834 87
37 4 3734
•834 »7
•4 1
1
44>4
444 44'(
^ 294
•ii
31
87
63
6234 62^4
53
}112Sj112S; •li6 125
116
95
Do
•47
«19
•76
•169
•180
644
194
374 38%
17«8
17
3938 39!%
90
2.S4
38
38
•314 33
82
31
32
•76
76
77
77
77
•10
10 13
13
13
10
13
•474 43
46% 4734 474 48
•474 48
•1064108 {109 109 •107% 109 •107%10S4
2234 24%
234 24
23% 24
2^% 23^4
•94
9><
05 98
924 07
96
96
125 130
129 4 12934 12934 133
133 135 4 135
136 4
'8634 89
89
89
89', ai
9134 9^4
924 93
-21
2734 254
29 '4
28 S
2778 30
29 4 30
29
loo's luOS 1003, 101
101 101% 10141024 102410234
•32 "a 33
33
•32
33
3iS4
32 4 32 4
33
33
•76
78
78
i78
77
764 764 77
77
77
217 217
215 220 }217 217 •216 220 •216 220
•1834 19
•163^ iy.5 •183^ HI 4 •1334 10 4 •183* 194
76>4 76'« •77
78
78
78
78
78
73
78
•S3'a
29
'T^
40
SI
21
38
83
76
1
•86
1(1
1918
3834
»5
15
19 4 19»8
194 1934
64''(
63 4 64»8
64
634 64 4
106 106', 10678 107 -4 IO634IO74
125 13S 125 135 {130 130
•93
94
94
934 934 •93
129 4131%
129 "a 130^8 1294131
131
131
131
131
1314 183
13738 139
*137«8l39 •137%13S4
-1138 12
•l\\ 13
•11% 12
•78
80
79
80
794 •78
79
80
794 794
79H, •76
213 220 •213 220 *213 220
•6 Si
-54 7
7
7
•49
49'* 49
494 •49
49 4
{35'4 8f>9
364 37
30
86 4
-50
•60
65
65
12
12
124 124 113* 12
\9b^ 196»8 IWOi* 19738 197 197 4
118 118
11741174 11741174
12^8
124 13
13
13
67 7o •66 693^ •66 70 4
•22 >8 23
23
23 4 -224 234
163 '4 164
1634164 •163 164
•1434 Id's
14 4 14^8
1478 1478
72
72
72% 7238 72 4 72 4
41
19
7y'v
•87
38
•83 >a 87
•107
*94
16
54
19
•U-a 16
llHi^ •114
•31
•31
35
76
•76>a 78
•10
•10
13
18
»47'„ 47-. «47'a 4734
•10734 109
•106-1 108 S
22 >4 22 '4
2234 2234
•96
9a
•94H* 9S
•7>4
•41 "a
95
16
64
64
1238
19l>
H.
-3>a
20
19
la's
49 14
86
12^
T%
27
4
79
220
86
24
206
30
21
•88
30
21 "^
90
7
!.
78
7H1
•11!%
•49
78
ll**
6»3e 65
106 la 107 Hz
•130 185
98
93
129 % 130
•181 132
•1S7»8 189
•78
•76
•213
66i«
Ib'e
•27
11»2
87'8
*24
17hj
40
•6
6
•4
434
•19>4 21
6'(
18
18'4
64>4
18"^
•22
195
99 "i
96
54
37»4
16
-32»« 333<
•91 hi 94
182 >a
93
(93
•8'i
24
•U»6 2U6
•6
6
•4
4^4
'
3C»,
123
22
394 394 394 43
99
98% 98% {99
106 4 '9379 "9934 "994106%
1434
225
?226
230
•325
95
16
64
18
42
25
17'«
n't!
89
9906
"26 4"267^
2934
123
*19
27
Highest
Lowest
Hiqhest
Lowest
9
35
110 150 Jan 9 171 Aug2:^
35,900
9 4J'ne J 22 4Aug26
South western.
23,2.Si"i
25%J'ue 1 45 4 Aug2i-.
45 W
Do prof
237,110 414Marl4 57 78 Aug23
57 'v Southern Pacific Co
28% 2;i4 Southern v.tr. cfs. stmpeii 156,821 184Feb24 20 4 A 11^24
5,675 77 4 Jan 6 94%Aug2ii
94
94'!,
do
Do pref.
22
90 Feb 20 94 Aug 9
{95
95
M. & O. stock tr. otfs
204J'ne
48,675
31
AugJt)
304 31
I'lexas <fe Pacilic
840 115 Marl4 12ii4 AuglO
123 123
hird Avenue (N. Y.)
19 22 Toledo BallwHysife Light
174J'ne21 22 Jau 21
2,5liO 2l4May27 29 4 Jan 23
2734 27 7^ Tol. St. L. <fc W. r. tr. ctf s
9,3SO 32
Feb 24 43 Aug2:'
42% 43
Do pref. vot. tr. ctls.
635 S7 4 Feb 2 3 99 4 Auglu
{98
98 Twin City Rapid Transit.
Augll
158
{159 4J'ly 1Do pref
1G2.745 7 1 Marl 4 li;0 4 Aug23
99%i(»64
nion Pacific
3,360 j;864Feb2o 95 Aug2L:
9478 95
V'.Do pref
550
•144 1514 U nit Rys Vt of San Fran
9 Feb 17 15 Aug.
1,417 424 Aprl9 56 Aug2o
654 554
Do pref
6,10(' 16
May 16 2134 Jau 27
194 \i>\ Wabadh
11,820 32^4 Feb 24 41 Jan 2:.
384 387r
Do pref
395 144J'ly25 19 4 Jau 22
16% I63h Wheeling & Lake Erie...
469 37 J'ly2' 523, Jan 22
43
434
Do Istpref
700 214J'ne29 2934 Juu2.
25
25-?
Do 2d pref
5,645 16 J'ue 6 2178 Jau 20
l«79 194 Wisconsin Cent. t. tr. cfs
42 4 42 4
Do pref. vot. tr. ctfs. 2,460 37 J'ne 6 47 78 Jan 27
.Uiscell
InduMtriat
113 J 220 Feb 2 230 Ang?3
228 233 Adams Express
56% 674
malgamated Copper... 193,080 434 Feb 8 574Aug2i.
1834 19 American Car & Foundry
1,200 1434 J 'ly 1 21% Jan 27
860 67 Jan 6 794 AugJd
!80
80
Do pref
1,150 214J'nel4 3434 Aug
32
32 4 American Cotton Oil
914 94
8834 J'ne 6 92 Augl.
.16
Do pref
22 23 American Di8t.Telegraph
22 Aagl7 26 4J'lTl8
206 217 American Express
861 190 J'no 2 i'i\b Aug i 5
*6
200
6 Aug «
84 Feb 15
6 American Grass Twine
*34 434 Amer Ulde<& Leather.. ..
800
2%Jau 5 54 Jan 2 7
loi
•194 21
11 4 Jan 5 214 J'lyl5
Do pref
64Mar24 94 Jau 2
1,090
{64 7 American Ice
2,189 244Mar24 30 4 Jau 4
26
264
Do pref
1,760
7 J'ue 2 14 Aug2i
124 14 American Linseed
625 22 4 J'ne 1 35 4Aug26
36
36 4
Do pref
6,390 16 4 Jan 6 233gFebl6
20
20% American Locomotive...
204
tor Previout
Year (1903)
lots
Aug 15
5 17
Mayl7 61 Aug 15
1,07(1 16
Jan b 27 4 Aug 15
300 {61 Mar 1 76 Augl6
15,000 394 Jan
60 Aug25
620
400
Ct._Joseph &Gr'd Island.
Do Istpref
Do
72 4
Kange
On basis
Week
EXCHANGE
•244 27
185
184
174 184
42%
6679 57%
28% 29
934 93
40
STOCKS
NEW YORK
1»I Drnf
BANKS AND TKUST COMPANlBS-BliOiiKRS' QUOTAnONd
BnnliH
Jiiu
WRsli.H'htel 200
Wost
Si.loV..
YorkvUleli
..
500
375
Ask
''"'
Mid
UaiikH
reople'sl
355
280
130
400
300
226
290
Mecliunics'i
.
.Mercliauls'..
NuHsau
BBOORLLTN
.Nut (.'ity....
.North Sideli
BoronghH...
Broailwayli.
Brooklynli
300
Cou'yl&UB'
14(j'
FlrHt
180
.
•
1
Atk
BROOKLVN
.Maiiulaclrs'.
150
17lh Wardr
sprttgue
190
l3u"'
Hiuyvesanf,
i35
I'iO
loVi"
llnioul,
\\ ailnboiill
55
Con.
Ask
Jiid
CITX
RankorH' Tr. 300
Howl'K(4reeii 200
MroHilwiiyTr 144
310
(;'ll{'iyH,fcrr
510
1
I
176
olonial
Cciiuiiiouw'lli
Kanti'i u Tr..
Kiiipiro
Kijuitablo Ti
Truat Co'a
Bid
(iuurauly Tr 575
Guardian Tr lOO
KiMCk rli'k'r .100
Its
530
(Jemral Ir'si m.'.o 2000
-75
1,'ity Trusl... 2 '.5
210
200
I
Ask
LifeATr 1000
Ir 630
North Aiuer. 247 4
Ki'al Kst i'r
325
Staudard'lY't 325
Tr (,'0 of Am. 4.)0
Union Trust 350
U SMtgAVI"! 410
Brook yn Tr 390
200
FllllbUHh
KrnukiHi
MO
346
Mil Milton.... .100
120
4110
Kings Co
I, Ul l.cbTr. 275
3(10*
..
4 75
975
.soo
10,'B
2 10
4.0
1426 1475
Unit .s|«tcH
Van N'llcnl'i 198 202
.N'HHHHIl
:40
.65
.•.90
ino
Wiishiiiutoii
.(00
I'l'tiiile'H
320
870
dul.Allmiicc 200
s;io
Wludsor
100
Wllllamsb'g. 210
386
20
112
Mcriyiiillle
McniliHUtH'..
225
2 76
Morton
j
Ask
34.-)
65
1-8
11.x
465
1400
Bid
BBOOKLTN
..
5.">
'165
262 4
I
170
Triint Co's
ManliHllaii
ls3
I
Ask
1030
N y Sec *
Lincoln Tr...
302
Bui auu askeii pricivi. u» -tuif.H on iIim lUy. { I..HS!! i.ii.iii l0ij4ii4rKi.
Sale at stock Kxchaugo or at auction this week, o Ex stock divldoniL
BM
Ti-ust Co's
NY
Farm Ix) <ft Tr 1800 l.-^fiO
Fifth Ave Tr 525
550
N. T.
155
1
'I'ruMt
McMopolitAij
riKiilH.
rruat Oo.
Tt'iiNi
ii^x
1
220
divitleud
08rt,lilc.it,ns.
.
rights,
nix h iii^irked with a paragraph (H) are 8t»t«
<iU(l
•]
r.
DM»M
U
.
New York
N
Exchange— Bond
Stock
<«!<;IIPVIN«J
>Ytce
V. STOCK KXCMANGE
Wbkk Endind August 26
Aug 26
Bid
Atk Low
V. S. (ioTerniiirnl
tJ
V
U
U
TJ
U
U
tJ
V
V
V
S 2p couHul reKiHlereil.ai93(i
is
y
78 ooiisol coiipuii
<nt)l-!il
"28 CUII801 reK 8iiiall..(iiu:ju
y 28CuiiHolcoup8iuaU.dlU3(l
S 38 rnKi8lereU
VlDlh
S 38 coupon
fciaib
S 38 I'bK small bouil8../i;lUlH
S 38 cou small boud8..fclDIK
S 48 reffistereil
/ilUOT
S 48 coupon
A1907
48 ref?f8tered
TJ 8 48 coupon
192fi
110
111^4
M-S t95 ...
1
Thftf arr price t on Ihe Oa Hi 0/
ctts full paid Oct
9314 Sale
Bepub of C;aba 58 otfa lull uaid
10 P4 Sale
2a mstal paid for 68 of 1904 Sep loo's
V B ot Mexico 8 I K £>s ol 18911 W-J
tr /ie*e a re pr
State Securities
t
Japanese Govt 6s
A
4 to 5
190U j-j
19011 j-j
1901 j-j
Currency tuudiug 48
192(i J-J
class
B68
C 48
DUt of Columbia 3'658
Lroolslaua
uew
1924 F-A
cousol 4b. .1914 J-J
Small
Missouri tuudlng
18941990 J-J
NortbCaroUua consol 4s. 1910 J-J
AO
6«
1919
1933 J-J
So Carolina 4 HiS 20-40
Tenn new settlement
38. .1913 J.J
Small
J-J
Virginia fund debt 2 3V.".Vl991 J-J
68 deterred Brown Bros ctfs
laba Midi See
Albany (&
iSusq
Ry
Hee So
At Coast Line
/bee
Oei<b Uuci
Allegheny Valley ieePeun KK
Alleg cfe West 6'ee Butt K <fe P
Ann Arbor Istg 4s
A1995
Atch T & S Fe gen g 4s.. .1995
Registered
1995
Adjustment g48
/il995
Registered
/il 995
Q-J
A-O
A-O
Not
Nov
/il995 M-N
D.1906 F.A
Stamped
Debeuinrt-s 48 Series
liast Okla Div 1st g 4s. .1928
ChJC & St Louis Ist b8..1915
AtlKuoXifc Nor 1st g58. .1940
Atlantic Coast 1st g48.A1952
Charles & Sav Ist g 78..1930
6av Jf <fc
1st gold 68.. 1934
Ist gold 5s
1934
Ala Mid Ist gu gold Ss 1928
Bruns <&
Ist gu g 4s 1938
8U Sp Oca <fc G gu g 4s 1918
Atlantic <& Dany 6'ee South By
Atlantic <& Yadk 6'ee South Ry
W
W
M
S
iVI-8
D
J
MS
J-J
A-O
A-O
M-N
J-J
J-J
W
&N
6'ee Sou Pacific
Kalt&Ohioprlorlg3'as.l925 J.J
Austin
Registered
Gold 48
Begistered
Conv deb 48
P Jun
PLE
<fc
<Ji!
fcl925 y-j
ftl948 A-O
A1948 y-j
1911 M-S
M JDlv Ist K 3 HlSl925
Al-N
W Va 8ys3ref 481941 M-N
Sonthw Div
Ist g
"as...
Begistered
1925 J-J
J
/il925
Monou Blv 1st gu g 5s. .1919 F-A
CenUhio B 1st ogiias.. 1930 M-S
<fc Tol Ist g 68 1922 A-O
West Ist g 4s.. .1917 J.J
Co certts
Bat Creek & tj 6e« Mich Cent
Beech Creek <See N Y C <fe H
Pltte Clev
Pltte<fc
J
M&
P
Bellev
&
Car See lUlnois Cent
Bkiyn <& Montank 6'ee Long 1
Bruns <& West nee Atl Coast L
Buttalo N Y
ICrie 6'ee Krie
Bultalo B & P gen g 5s. ..1937 M-S
All
West Ist g 48 gu..l998 A-O
CI <& Mah Ist gu g 5s
1943 J-J
A
&
FA
Rooh<& Pitts
Ist g 6s... 1921
Cousol Ist g 6s
1922 J-D
Butlalo<& Southwest 6'ee Erie
Bull
A Susq
Ist ref
g 48.<il961 J.J
Bur Cedar R <& No Ist 6s. 1906 J-D
Con 1st c&ooltru8tg68.. 1934 AO
Begistered
1934
CBIFdtN Wlstgu
M 4 St L 1st gu g 7s..68.1921
..1927
AO
A-O
J-D
1908 J.J
1913 M-S
Registered
1913 M-S
Carb «S> Sliawn 6'ee 111 Cent
Carolina Cent 6ee Seab Air L
Carthage <fc Ad 6'ee JS Y C <fc U
(''Canada
South 1st 58
-'2d 5s
Ced R la * 4 N 6'ee B C R & N
Cen Branch U P l8tg48...1948 J-D
Cen Branch Ry 6'ee Mo Pao
Cen RR 4 B of Ga ool g 68 1937 M-N
CeiitofGaRR Ist g 68..}>1945 F-A
Consol gold 68
Registere<t
1st pref income g 58
2d pret income g 58
3d pref mcome g 68
JJlg/i
i04«k i06^<
105»4lO8
104^8 107 '8
106 "4 lo8'4
106i^ 108
13236 132 'e
1
131'2l34
Mai'U4
1113« 11134
95 "u Feb '02
/our
marks
93 "s
93 1^
101 "a
IuO'b
Aug'04
to o
ne do liar.
113 92 '2 93 "c
32 esirilOl'b
98>4l01'v
97 "a loo's
(Mia 0/ $6(0 £.
Central ol aa—(Conti?iuedj
Chatt Div pur inoii K 48.1951
Mnc<& Nor Div Ist g 58.1946
Mid Ua<fc Atl Div 58
1947
Mobile Div Istg 58
1940
^Jent ol N J geu'l gold 58. 1987
Registered
/il987
D(ick<& Impgn 58. .1921
Biu
J 11
J-J
J
J
J-J
JJ
y-j
J-J
gen gug58 1920 J-J
Am
H ee*-'«
Hange or
Last Salf
tyidav
Aug 2e
Le & Hud R
Leh <fc Wilks is Coal 58. .1912 M-N
Con ext guar 4'as
)/191() y-M
N Y<fc lyong Br gen g 48 1941 MS
Cent Pacific 6'ee So Pacitlc Co
Clias & Sav See Atl Coast Line
Cliee & Oliio g 68 ser A.. /i 1908 A-O
Gold 68
al911 A-O
1st consol g 68
1939 M-N
Registered
1939 M-N
General gold4'a8
1992 M-S
MS
Hange
Since
^<, January 1
Low
High Ao Low Hig\
y2'3May'04
92 13 9213
Feb'u4
104 104
b5
104
103
107
13Ji« 134'
132
113 115
•IUOI4
103 "a 104 >4
103 Sale
101 la
10713
lllia
119 Sale
11534 ii7iQ
107 -a Sale
104
102
J'iie'9',l
li)7'4
Aug'04
107
133 Aug'ii]
180 J'ue'04
111 la J'ly '04
128
1*
1^713
107V
134
1304
1111,1131,
103i4J'ly'04
103
103
102
1031,
100
103
108
J'ly'04
103
109»4
J'ly '04
loSialllH
111
la
118'4
118
IOC's
119
1
J'ly'04
107 la
1
434
1
19
113 118
10O»alO7i«
Registered
1992
103 Apr'Ol
Craig Valley Ist g 58.... 1940 J-J lloia 113»* 112 May'O:-!
R <& A Div 1st con g 4s. .1989 J-J 10113 103
02 Aug'04
9913108
t97'aJ'lj'04
2d consul g4s
1989 J-J
95
9813 96 J'ly'04
94 1« 97
ieet o n the b
Warm Spr Val Ist g 58. .1941 M-S 106
106S,Ocl '02
94I4
Greenbrier Ry Istgugls '40 M-N
90=6 Dec 'Oo
02
102H.
14 Aug'04
102 10234 Chic <fc Alt RR ref g 38... 1949 A-O
86
84 Aug'Ol
8lia 85^
102 ig.
109 '4 Oct '00
7&I2 7816
78I4 66
Jiailway Ist lien 3'ii8...1950 J-J
78
74>s 80
102'aMar'O2
Registered
1 950 J-J
83^4 Apr '02
111 Mar'02
Chlo B <& Q— Chife laD 58 1905 F-A
10434 Apr '00
Il8>a.
121 Mar'03
Denver Div 48
1922 FA 10034 ...
102 J'ly'04
99 102
10336.
102'4 J'ly'04
102 14 105
lUinois Div 3138
941* 841a 9438
1949 J-J
94 1^ 25 91
96^.
109'aFeD'99
Registered.
194.4 J-J
90 Apr '04
90>3 91Si
Gold 48
1949 J.J 105 14...
10534 Aug'04
105
IO034I
102 >«.
101 J'ly'04
lOl 102 Si
Iowa Div sink fund 5s. .1919 A-O II0I4 ...
1093. Apr 04
10934 ioa»4l
136iiiJ'ly'01
I02I4 102 14
Sinking fund 48
102 ...
1919
100=8 102 Vl
120 Mar'OO
Nebraska
Extension 48.192 M-N 105 106''8 104'8 104\
103
>a 10034]
*9534 9612 96 J'ly'04
9514 97
Registered
1927 M-N
105 Dec '03
93H,Nov'03
M-S
Sontliwestern Div 48
101
1921
10034 Feb '04
100
100=^1
*94''8...
92 '4 Mar'04
Olia 92I4
Joint bonds 6'ee Great North
6'aJ'ly'04
eia
7
Debenture 58
1913 M-N 108 Bale 108
108
105 108
Han & St Jos consol 68.. 1911
II414
114 la J'ly "04
114 115
Chic & E IB Ists f cur 68.1907 J-D 1064 107 •» 1063b J'ue'04
105<bl08>»J
1st cousol g 68
1934 A-O 133^4
129 Apr '04
129
129 J
General consol IstSs
1937 .VI1197eSal6 n9'6 1197l 10 114>3 1197,1
Registered
1937 .\1-N
120 Dec'Oi
Chic <fc Ind C Ry Ist 5s.l936 J-J 116
116 Attg'U4
112i«116Vi]
Chicago & Erie 6'ee Erie
96
9534 Aug'04
91 »8 96S4 Chic In& Louis V ret 6s... 1947
J
13014 Sale I8OI4
I3OI4
126-al«0i«
103»BSale 103 14 103 's 62
Refunding goldSs
J
113
1947
114'3 II4I2
lllialUia
103 103'4J'ly'04
99 IO3I4
LoulsvN A<fcChlst6s.l91U
J
10934
109 la J'ly '04
108 I09>a
94i>4 9512 9434
94^4 io *<7»4 96^4 Chic MU <fe St Paul con 78 1905
17-^14
J
172 Aug"04
169 176
82 "s Jan '04
82
II0I4
-a
821a
Terminal gold Ss
J
1914
110
AuB'y4
110"^
109
92^4 8816
9234
93 'e 33 871a 93 "a
J 109
General g 4s series A..el989
10912 Aug'04
10714 no
98'2
99 Aug'04
98 100
Registered
el989
loyi-. J'ue 04
109",
109
"a
99 >4 Salt
99^4 36 92I4 9914
971a
General g 3 las series B.el989 T.i
97 "a
97 "i
97 14 98'»
Chlc<fc LSuDlvg5s....l921 J-J 114'8
llO*-^ Apr'03
11014
11413 Oct '02
Chic & MoBiv Div 5s... 1926 J-J 118
116 Apr '04
11538119
100=8 Sale IOOI4 lOO'e 366 91 lOO'^s
Chic<Si Pac Div 6s
1910 J-J no's
IIOI4 Feb'04
109=8 111
133
Chlo&
P
Wlstg5s
1921 J-J 116 116^8 116
116
11434 117
128
125i8Noy'03
Dak<& GtSogSs
1916 -J 111»*....
nil* Aug'04
10934 111*4.
11314
112»8Jan'04
112«8ll2'^
Far<fe Souassu g 68
1924 -J 128 "a.... 137 1-2 J 'Iv '99
11334
114 Aug*04
109 114
Hast&
D
Div 1st 78
1910 -J 11534 118 11734 May'04
1638 1181,
95
93 J'ly'04
93
93
Ist 58
1910 -J 106
106 Aug'04
106 106
971*
98 Aug'04
98
98
I<fc D Exten 1st 78
1908 -J 17214
169 Mar'04
169 169
Lacrosse & D 1st 58
1919 J-J 112-8
112i2J'ly*04
•
112131121,
I
Mineral Point Div 5s
1910 J-J 106
107 May'04
10634 107
So Minn Div 1st 6s
1910 J-J UO^e
111 Aug'o4
IOI4 112«»
96>a
9434
951a
92»8 96I9
Southwe8tDlvlst68....1909 J-J 10934
112 May'04
0934 112
95 "4 M»y'04
92>4 9514
Wi8& Minn Div gSs
1921 J-J 114^8
114i4J'ly'04
1 14
1161,
103 3i Salt 103 14 1031a
IOOI4 103»4
MU<fe No IstM L 68. ...1910 J-D 11134 113 112 J'ly'04 -- 1 1034 112
103 J'ly '04
100 103
Ist consol 68
1913 J-D lie-a
llSiaJ'ne'Ol
1 14 '4 117%
98 102
98 J'ne'04
97
128I4
98
Q-F
Ohio <feNorthw cons 78
19151
12838
Aug'04
1 ^7=8 12934
91I4
91
92
92
Extension 4s
871a 92
1886-1926 i-A
104T8J'ne'04
.. 1 "'>34 105
99 SalP
9815
99
921a 99
Registered
1886-1926 F-A
102=8 May'04
_58l02»g
102=8
-913e 911a 91 14
9136
87 14 9214
General gold Sias
1987 M-N
100
981a 100
100
I6ial00
90 "4 J'ly '02
Begistered
x)1987 y-F
103 Nov'98
106
106 "a Mar'(i4
105 la 106 12
Sinking fund 6s. ..1879-1929 A-O llS-a.
117 J'ly'04
IIII4II8
109>4
108 J'ne'04
108 108
Begistered
1879-1929 A-O
111 la Dec '03
ligia Mar'04
1201a
I19ial22
Sinking fund 58. ..1870-1929 A-O lUia.
110
J'ne'04
10814
1101,
98 100
98 J'ne'04
98
98
Registered
1879-1929 A-O
107 Mar'04
106 107
97
IOUI4 ifeb'03
Debenture 68
1909 M-N 10513
105 J'ly'04
104 106
Registered
1909 M-N 104
104 Mai"04
104 104 1«
Debenture 5s
1921 A-O 10934
IO8I4 J'ue'04
107 1q 1087,
Registered
1921 A-O 10834
10334 Jan '04
108*4 108*4
Sinking fund deb 58
1933 M-N 11738
118 J'ly'04
11513 118
Registered
1933 M-N 11638
114>8J'ue'04
II418 116
DesMo&Minn
Ist 7s. .1907 F-A 106
II5I4.
11712 ATig'04
113V,117»8
Mllw A Madison let 68. .1905 -\1-S 1071a
106 Nov'02
North Illinois Ist 5s
1910 M-S 107
105'2M»r04
10513 1061,
110
103 Apr'97
OttC
St Paul Ist 5s 1909 M-B 106
106«8Nov'(l3
lie's.
12119 Mar'04
I2112I2II2
Winona & St Pet 2d 78. .1907 M-N llOia
i09-'4 J'ne 04
loo's 1121,
122 'a.
1231* Aug'04
12118 124
MU L S <fc West Ist g 6s 1921 M-N 1293r130 1271, J'iie'04
]26\129
Ext<fe Imp slund g5s 1929 F-A 117»4
11 734 Mar'04
11714
1187,
97i«100i8
971a...
9818 J'ly '04
Ashland Div Istg 6s. .1925 M-S 133 "2
142'-jFeb'02
102«8lOi"ii 102 "a Aug'04
IOII4 103^8
Mich Div IstgOs
1924 J-J 1305b
13134 Dec '03
ll»is...
110 J'ne'04
115iall9
Convertible deb 58
1907 F-A 105
103 Apr '04
103 103
12Oi9Mar'0S
Incomes
1911 M-N
109 Sep '03
110
110 la J'ne'04
110>all0i9 Chic Rock l8l & Pac 68.. .1917 J-J 12234
26 J'ne'04
121=8 125"
Registered
1917 J-J 122 !«
l'-2i2 Aug'i)4
120 1221,
1 03 <^ Sale
10313 IO308
10212 106
General gold 4s
1988 J-J 104i4Sale I04I4 104'-i 78 101 10519
107 109 109 J'ly'04
104 08 109
Registered
1988 J-J
107 Jan '03
103
107 J'ly '04
105 107 «!.
Coll trust Series C 4s .. 1905 M-N 100
H48
1910 M-N
97
97 J'ly'04
97
97
48
1915 M-N
9413
96 Ma>'04
96
96
N 4s
1916 M-N
94
93 May'04
93
93
P48
1918
93
90 M»y'04
90
90
9319.
9Si3Ang>04
90
94
Oliic HI A Pac RB 4s..2t>02 M-N
7334 Sale
73 '6 639 661a 74*4
73
BeriHtered
2002 M N
71 Is Aug 04
70*4 71i«
IIOI4...
108 la J'ly '04
I06<^l08ia
CoU trust gold 58
1913 M-8
85 Sale
8436
86
166 73
85
lib ...
117 Aug'04
llUitllS
Oboe Ok <& G gen g 6s .01919 J -J 105
104=8 Jan '04
104=8 104S
11034 lU>a no la
UOJ< 11 103»4 112
Cousol gold 5s
1952 M-N 10434
103 '6 Jan '04
1037(1037,
107 J'ue'04
106 "a 107
DesM & Ft D 1st 48
1905 J-J
95 14 Oct '03
9714
8313^816
831*
g4 175 6534 81
Ist 2 "as
1905 J-J
94'9
90 Oct '03
46 Salt
45
4678
Extension 4s
1905 J-J
467b 203 28
9514
98 Jan '04
9334 98
83 Sale
31
33 S 84 1 8
83
Keok & Des M l8t5s
1923 A-O 10634
10634 J'ly'04
10413 106\
101^4
1
>-i
AO
MS
Uailroail
Alabama Cent
105 107 '4
106'4l06'4
'-j
Foreign (>oveniiiient
FraDkXort^on-Malu 3 48 ser
Class
Class
Low
105'.
106'4Mar'04
/Vice
s
N. Y.
1
Migli
105 105 Hi 105 Aug'04
106 >4 105^, 105 '4 105'4
107 J'ne'U2
106
104^8
105
107 1073^ 10()38J'iy04
107 107^4 loG\J'ly'04
18134 18212 132ai.May'(i4
132
182 >2 131 »ii Aug'04
Philippine iNlands 48.1914-34
Alabama
'<
B«).M)S
STOCK EXCHANGE
Wkkk Enuino August 26
Since
January
Ci-J
192;')
.S
106
105 >4 Sale
106 105
Weekly and Yearly
I'AURS
Hange
Week'i
Raniif or
Last Sale
N.
Record, Friday,
t'OVH
1946
MN
1945 M-N
pl945 Oct
pl945 Oct
pl945 Oct
'
,
,
1
F&
.
1
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1945 A-O
2002 J-J
BkCity 1st con 58.1916, 1941 J-J
Bk y Co & S con gu g 58.1941 M-N
Bklyu Uu El Istg 4-58.1950 FA
Kings Co El Istg 4s
1949 FA
Nassau Elec gu k 48
1951 J-J
City <& S Ry Bait Ist g 68.1922 J-D
Couu Uy& l/l8l<V:ref g4'as'51
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Den Tram Co cou g68..191i
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Det Cit StRy l8tcoug5s.l90i
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J-J
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10513 108 1| 106
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8O34
108
108
110
103
108
110
103 107
107 'a 108
91
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110
103
107'a
90'8
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8II3
91
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99i«106i2
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10738 110
100 103
100
108\
82
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100
103
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r09"Mar'98
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96
121
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81
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114
.
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114'a lU'v
110 J'ly'04
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a Due Apr
11213 1167t
1121, 116
e
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Chic & St L &<>eAtchT&SaFe
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Ohio St L & Pitts See Penn Co
..1930
lis.
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&
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m
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jisk
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f 78. ..1905 A-O
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1937 J-J
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C
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1939 J-J
Cairo Uiv Ist gold 4s
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Cin
W
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1990
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Spr
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M-N
M-N
M-S
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W WSt Val
L C consol 68. .1920 M-N
. .
C
I
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Ist gold 48
fcl936
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84 CI con l8tg58..1928
1914
I oon80l78
CC
1914
Consol sink fund 7 8
General consolgold 68.1934
1934
Registered
Istpref 48.1940
iBd Bl &
l8t pf 58...dl938
O Ind A
PeoA East 1st con 48. ..1940
1990
Income 48
Ca lior & Wli con Ist g 58.1933
Clev & Marietta See Penn RR
Clev A Mahon Val g 58. .,1938
Clev & Pitts See Penn Co
Col Midland Ist g 48
1947
Colorado A Son Ist g48... 1929
Colnin A Greenv Sc^ So Ry
Col A H ock Val See H ock Val
Col Conn A Term See N A
Conn A Pas Rivs Ist g 48.1943
A St P
A Gt So See
ClD
C&
W
W
Low
January
1
High
Lov)
133 1«.
73 >2
133»4 J'ly'04
Waco
CM
See M K A T
Del Lack A Western 7s... 1907
Morris A Essex Ist 7s. ..1914
let consol guar 78
1915
Registered
1915
Istref gu g 3128
2000
N y L-ack A Ist 6s.. .1921
Construction 68
1923
Term A imi)rove48
1923
Syr Bing A N Y Ist 78.. 1906
Warren 1 st ref gu g 3 Has. 2000
Del A Hud Ist Pa Div 78.1917
Hegistered
1917
W
Alb
A Sua l8toongu78.190C
12934 Mar'(i4
123i2J'ly'04
74
74V2 73 '2
lll'eApr'04
113i4J'ly'04
lOliaSale
100
98
101»2l02
95
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,
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.
128'a.
.
105 105
100 la 102 'a
115i4J'ne'04
J'ly'03
110'all6'4
Mar'04
l"28"'i28"
120
104>aNov'01
A-0
99 Aug'04
66
62
112 »a Feb '04
99 V, 100
66 19 Sale
Apr
A-O 112»a
J-J
F-A
Auc'03
105 Jan '04
10212 J'ly'04
128
Feb'04
116
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el's
61»<
84
84
84
Sale
71
95
58
100
66
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116
116
56
82
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114'2J'ly'04
103'aJ'Jy'04
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106 >8,
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iofjisios"
May'04
104
103
142
Apr '04
J'ly '04
106
103
142
147iaJ'ne'02
1001a Sale 100»a 101
10638
10414 J'ly'04
107 108»8 107
107
99
84
13334 137',
Aug'Ol
149
106
122
104
103
142
10678.
100
J-D
100
100
89
97
Jan '02
24
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8934
9534 101 14
104>4l04i4
103 107
94 101
83
91
MS
Iron
100
94 "u Aug'04
99
38 Autr'U4
7934
79^,
7934 Sale
Range Ist fis.. 1937 A-O 112'8ll6
1937 A-O
1916 J-J
A Atl g 68. .1937
SeeStPMAM
-Cjaat Ten Va A Qa See So Ry
Elgin Jol A East 1st g 68.1941
Elm Cort A N o Se« Leh A N Y
112'8Ang'04
J-J
n2mi4i3
11 2
L^asiot Minn
Erie Ist ext gold 4a
1947
Ud ext gold 6s
1919
8d ext gold 4 "us
1923
4th ext gold 5s
1920
6th ext gold 48
1928
Ist cuDsoI gold 78
1920
l8t consol g fund 78
1920
Erie Ist con g 4s prior. .1996
Registeretl
1996
iStcoDRol gen lieu g 48.. 1996
Registered
1990
Penn coll ir g 4s
1951
Butt*.'
Erie l8t7».. 1916
Bnft A S
gold 68
1908
Chic A Erie l8t gold 68. .1982
Jen RR Ist gu g 58... .01909
Long Dock consol g 6s.. 1935
Coal A RR Isl cur gu 68.1922
Dock A imp 1st cur 68. .1913
Green L gu g 58.1946
ti Y SU8 A
Isl ref 68.1937
2d gold 4138
1937
General gold 6s
1940
Teruiiual Ist gold 6s. ..1943
Regis #6,000 each. ..1943
YA
W
NY*
W
98
b Aug'04
116
J'ly'04
113
116
114
114»4
114 J'ne'04
11334 J -ly '04
110 J'ne'04
Maj'(l4
114
M
M
A
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109
113»«
101
135
J
133>2
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J
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10176j'ne'03
134 J'ne'04
130 Aug'03
98 'p
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98 "a Jan '04
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86 la
85»4Feb'04
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92
J
F
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911a 91'4
125>«
125'4 J'ne'04
104 Vi....
120 .... 119^8 Aug'04
lOSTg....
106 Aug'02
135 la.—
118 ....
110<a....
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96 Hi....
103 ....
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110
133 Apr'04
118 J'ly'04
113'iNoir*03
108>aJaii'04
111 J'ly'04
98 Aug'04
103'2 Aug'04
113>aJau'04
11034 MBy*04
109
.
Kings Co El LA Pg68...193 AG
PorcluMe money 6s
199 A-O
Bd El II Hkn Isl con g 4s 1939 JJ
*
Mo price JTrlday;
latest bid
107
105
Mar'98
1041a
8514
105
10234 108
85i«
71
la
85I2
lOSH 10
10134 104i«
9714 Sale
Sale
QuUASIlstref Atg68 61952 J-J
Han A St Jo Se« C B A Q
ousatonic See N Y N H A H
Hock Val let consolg4ias. 1999
1999
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Vlsteit g4s..l948
Col A
So
Pac
See
Tex
Houst E A
HonstATexCen See So Pac Co
Ist
48.
.1951
Central
g
Illinois
1951
Registered
1951
Ist gold 3ia8
1951
Registered
1951
Extended IstgSias
1951
Ist gold 38 8t«rUng
gold
1952
Trust
4s
Coll
1952
Registered
gold
1953
Tex
48....
A
LN O
1953
Registered
1950
Cairo Bridge gold 48
Iiouisville Div gold 3 128.1953
1953
Registered
1921
MidtUe DivregSs
St Louis Div gold 38.. ..1951
1951
Registered
1951
Gold 3128
1961
Registered
Spring Div Ist g 3ia8...1951
Western Lines Istg 48. .1951
1923
Bellev A Car Ist 6s
CarbAShaw Ist g 48. ..1932
.1951
Chic St
58..
g
Registered
1951
Gold3ias
1951
1951
Registered
H
97%
97
97
1
103
Sale
102^8
108
Sale
108
103
105 la J'ly '04
100 14 Apr'04
W
110
133
97
901a
90
10 102
103
98H
98
106^
lOSialini^
1051a 1071a
lOO^ilOO**
116 Apr'
113 "a Mar'
102 Aug'
94 Mar'
9914 Oct'
115
115
"SQ^'.
ioi'ii
102'
104
105
10534 J'ly'
102>al06
101
106
103
102 Oct
104 Aug'
101 Apr'
lOeVjMar'
94 4 Aug'
102
101
.
1041a
95
'108
79»4.
123 May'
85 la Mar'
9434.
94 14 Aug'
101i«Uct
100 Nov'
,
9314
104 19
101
95H
80
861a
93
95"
'
92
10414 107
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1201a.
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93I4
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St L Sou Ist gu g 4s.. ..1931
.
W
106\ 107i«
124 12 Apr'
90 Nov'
119 Nov'
11934 Mar'
93«8 May'
124>al24ia
118
87
11934
106
106
98 1«
102i4Dec'
101 Mar'
104
Ind Bl A West See C C C & St L
1935
Ind Dec A
Ist g 58
Ist guar gold 58
1935
1950
Ind 111 A la'lstg 4s
Int A Great Nor Istg 68.. 1919
2d gold 5a
1909
3d gold 4s
1921
Iowa Central Ist gold 58. .1938
Refunding g48
1961
107i4J'ly'
107 1«.
10714.
98
106
Mar'04
1071a
Dec '02
98
120
;
100 14.
J'ly'04
J'ly'04
IOOI4 IOOI4
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118<%121
97 1001*
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70 Nov'03
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1 09 le
.
I2II4.
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KCAMRAB
SeeStLASF
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871a
.
!
1121a
86
89
68
73^
Jetterson
73
73 >4 20
Oct '00
73
63
Sale
RIAP
A Ohio See So Ry
akeErieA Wl8tg58..1937
>a
Aug'04
I2014 n9»4 119»4
114i2J'ly'04
111"*,
10«i«lll
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131413518
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98 -a 98 H
8714
84
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108»al08i2
09 "a 1 1
1
101^
98
101 >9 104
liaialiaia
110ialll"B
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Registered
Coll trust gold 68
6-20-yr col tr deed
E HA
on iVexl
...
1
108
10912 110
105
07 14 May'04
Ang'04
107
109 la Oct '99
107 Jan '04
99
99
107i«
104M10
Jan '04
Aug'04
lie
Bale
110iall4it
lll'all2
Feb'04
24
105
118
105
116
107
92
107
99
i
1
.
lOOt^ J'ne'04
lOOOfelOOtb
1171a.
981a.
II6I4 J'ne'04
116
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100
99 la J'ly '04
101 Feb'04
100 Oct *00
101 la 101
110 J'ne'04
1021,
102
98
100»4
1
.
100
1-.
102>«Sale
109 >a
101
108
118
1037
1940
1940
11534 Sale
101 Sale
1931
114iall5 113 J'ne'i)4
99 Sale
9H»8
99
lia
lll'aJ*ne'04
lom
967«101Ta
110 no
36 100 >• 10s
105>«Mar'03
112 Mar'02
112 "a Jan '02
112'aApr'02
103^8 Ang'04
118 J'ly 04
1041a
109 la
1091a
g 48.1923
Nash Istg 6e
1919
UONUS—Continued
108»4
109
106 la.
A Mont lslg68..1911
1911
N Y B A M B 1st con g 58 1935
N Y A R B let g us
1927
Nor Sh B 1st con g guSs ol 932
Louisiana A Ark Ist g 5s. 1927
Lioui8V A Nashv gen g 68.1930
Gold 58
112
116
Ill
109
99
Regiatered
1941
Leh V Coal Co 1st gu g 5s.l933
Leh A N Y Ist guar g 4a.. 1946
Registered
1946
EIC
Ist g Ist pf 68.1914
Gold guar 58
1914
Leh A Hud R See Cent of N J
Leh A Wllkesb See Cent of N J
Leroy A Caney Val See Mo P
Long Dock See Erie
Long Isl'd— l8tcong58./il931
1st consol gold 4s
/il931
General gold 48
1938
Ferry gold4iaa
1922
Gold 48
1932
Unihed gold 48
1949
Debenture gold 58
1934
Guar ref gold 48
1949
Ist OS
130 132
113'all834
no's.
103*4
Bklyn
120
116
1151a 119»4
.
lOOVi 10.S»i
11614118
1141311634
98 102
11534
11534
101 la
101
101^8 J'ne'04
101»elol''t
74
109 113
96I4 99i«
llliallli*
I'aice.
(>nM nn<l Kli-clric l<iKht
177
70
70
Aug'04
Sale
17334
177
961a
961a
106
64
Milwaukee Gas L lat 48.. 1927
Fuel Gas Co See Peop Gas
70
M Dl
9612
J'ne*03
95^4
5»...1948 J D
Purchase money g 48... 1949 F A
Ed El 111 Ist couv K OS. .1910 M S
98
Ist coUHol gold 58
199."^
N'Y ACj Kl ,<fe P 1 Kl 0011 g r.H 1 930
Rich Ga8 1st g os. 1921
I'eoOnsAC Isl gu g Os.. 1904
2il guar gold 6s
1904
Ist con gold 68
1943
Kcfiilidlug gold 58
1947
CliG-LACki' iNt gu g5« 1937
Con O (.;o<)f Cli Ifitnu go8.'36
1
112
1121a.
61
8812
91
NoT'03
4 Oct
'01
UOi-j J'ly '04
88
90
1.J
ioe'i-i!
10734 li.c'OO
IO5I4 Auk04
103'b105W.
122>4 124
120>4 Aug'04
11
941H J'iii'04
IO8I4 AnK'04
9.1% 94 «s
105
lOM^
9'.<!'a
10834
Kq G
Val -20
and asked tlilawe«k. aDoeJan bDneFeb
MN
N YG E L H A P g
171-% 177
NYA
J-1)
Gen Electric ilcb g 3I98..194'. F-A
at Bap G LCo l8tg6»...191; FA
Iludnon Co Gas l»t k Oh.. 1949 M N
L«oGaaLofStLlstgo8.el919
J'ne'04
97
AN
112^11334
Coil
eg 68. 1941
107
SeeSoPacCo
1j 2d gold 58
1941
North Ohio 1st gu g 58. .1945
37
46
L Sho A Mich S See N Y Cent
6613 84
10934 112 la Lehigh Val (Pa) coU g 5s. 1997
Leh ValN Y I8tgug4ias.l940
Registered
1940
111 112>a Leh V Ter Ry Isl gu g 68.1941
iiei*,
and Electric IJght
BuRalo Ua« lat g r.s
1947 A-O
Ch G L A C Co See P G A C Co
Elec Berg Co
84ia 8512
A
I
Umii
basA
103 18 Sale 10319
105 la Sale
. .
941a
Si^h.
iUl.Si;EM.AiNEOt--o
Gas Co bee P G
Detroit City Gas g 68
107
120
J'ne-02
Tal H A H of 1882 1st 58.1913 A-O
Line
Georgia A Ala See Sea
Ga Car A Nor See Sea A Line
So
See
Ry
Pacific
Georgia
Nor See So Pac Co
Gila
W
W
/lalHarASA
City Sou Ist gold 38. .1950
Regiatered
1950
"100
M-N
Mid KRoI^ J I8tg68.1910 A
WllkA EalBtgug58.1942 J
CuiiHOliiasconvdeb 68
1071a
U6
lintAPereM
LAN
ATig'04
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2d 68
Dal So Shore
High
101
Knoxvllle
J-D
Gold 48
1995 J-D
Det Sou Ist g 48
1951 J-D
Ohio Sou Uiv Ist g 48.. .1941
DulA
111
100
93 Hj 96
38
41
IjOW
Kentucky Cent See
Keok A Dea Mo See O
reb'Ol
09>4
High.
J'ne'04
107 la
IO4I3.
M
H''argo
Kan
36
24
Des
M-N
120
107
112
Ind Isl con guK63..1926
& So See Ch A St P
S«p Pere Mar
FlaCAPenm See Sea Air Line
Fort St U D Co Ist g 4 "as. 1941
A Den C 1st g 68.. ..1921
Ft
A Rio Gr Ist g 48. 1928
Ft
EvA
102
M-N i42"
M-N
J.J
J-J
112'fell2i^
12713 130
128''8l33
Oct '98
140
.
M-N
ISO"-,
Low
Range
Since
^ Q
=Q^ January I
or
W
100 »2
.126
Range
Last Sale
Bid
Ask
1193811978
106 ...
106 ...
Penn Co
let cons 68.1921
Sns
FriAav
Aug 26
VGA
Jan '04
Dec '02
99
102
See
Pitts
ATH
95 "e 102
Gouv A Oswegat See N Y Cent
9934 10 1 >4 Grand Rap A Ind See Penn RR
98
98«ft Gray's Pt Term See St L S
9934 10234 Gt Nor— C B A Q CoU tr 4s 1921
1921
99
Registered. ?i
99
Greenbrier Ry See Ches A O
26
J'ly'04
98'8J'ly'04
101 J'ly'04
93
105 »a.
J-J
J-J
J-J
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100
,
.
111=«4
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i '3 0141 in"
12934 12934
120 123 "a
35 72 1* 8234
110 IIII4
104»aDec'03
113 Oct '00
101>a.
?:f
J-D
J-D
Q-J
Dee '03
Feb '04
93
131
112'4.
Q-F
A-O
1906 A-O
1906 A-O
1906 A-0
Registered
Guar gold 68
Registered
Bens A Saratoga Ist 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denv A R Gr l8t oou g 4a.l836
Consol gold4'3S
1936
Improvement gold 58. ..1928
BioGr West l8tg 48. ...1939
Consol and col trust 4s 1949
Utah Cent Ist gu g 48 al917
Rio Gr So gu See Rio Gr So
Den A S West gen s f e 68 1929
A
1942
istgeneral gold 5s
Mt Vernon Ist gold 68. .1923
58.1930
1st
Brauoii
g
SnUCo
13018 13334
W
Dak
alias A
Erie
Week's
Price
STOCK EXCHANGE
WEEK ENDING AUGUST 26
N. Y.
Since
High Ko
773
2
BONDS
Hange
Evans
Cons 6s reducefl to 31^8.193(1 J-D
i33"'
Ch StP& Minn Istg68l918 M-N 130%.
Nor Wisconsin l8t63...1930 J. 12378.
A-0
68...1919
l8t
City
g
St P & S
6e«
consol 8
Week's
Range or
Last Sale
JViee
Fridaii
STOCK EXCHANGE
Week ENnrNis August 26
W
& GuU
'
Bond Record—Continued— Page
27, 1904.
N. Y.
Choc O
1
;
;
'4
A FCh
Mil Fuel
I.hI
gii
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01
M N
J
A
M s
J J
J D
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10214
10134
124 "8
.
.
87"a
105>al09ia
'3?
105 3, J'ly '04
102'al06»4
la
J'iie"04
116>« 1201*
Mbj- 04
loosiioa
100 100
"a
'<
J'ne'04
Aiik'04
Uj
J'ly '04
I'JO
nil
101
124
90
Mar'04
lOIia
M
lom
103
104
10(!ial09>i
104
107
101
101»4
.
urn
96 Hi
101
103
11834 124it
103 Alir'ii4
1 ()(>
107 J'ly 04
107
107
lOOHi 107
Mar 04
101
i'0'134
la
101
Auk'04
10134 103
/iDusj'Ur i^DueAug
90i«
109 V,
94 S
100
.•^yracuBo Lighting iRt g ^8.'51 J II
rrentoD G
s
Kl Ist g 58. .1949
A
90i4J'ly'04
101
F A
MN
Gaw Ixlgu g us. 1 947 M N
dDaeApr cUueMay
9212
109 14 Sale
94 Sale
105 14
118 120
101>al06
Keb'Ol
«Da«Uot fUu* Deo
«
Option lal*
.
J
J
774
BONUS
frice
STOCK EXCHANOK
WEKK KN'DINO A0OOST 2()
L0UI8V
ife
M-N
pol.l (iH....l'.i.;ii
J.J
2<i sfoiii
Aik Low
Bid
)roliU''28...1!»81
Lam
107 >e
126>9Sale
r.iHti J -J
t;.s
MS
Sale
Jiigll
Si
121JI.J
1223^
AuK'03
12314
i2l3i-l
119
122
97 14
.
)Oiut4s.l'.l'>'2
96
...
<fc
Ry consols. 1990 A-0
1990 A-0
1908 J-J
k68
,Man S
Coloniz g 68. ...1934 J-D
"McK'pt & B V See N Y Cent
Metropollian El Hee Man Ky
Mex Cent consol golii 48. .1911 J-J
1st consol income g 38.al939 J'ly
2<1 consol income g 38..al939 J'ly
1917
Equip & coll gold 58
1919 A-O
2(1 aeries gold 5s
R«pi8ter«(l
Metropol El l8t
W
113
11418.
108
99
115
115
112
117'aJ'ly'04
115 Jan '04
117 J'ly '04
.
.
.
lOeVi Sale
io7»isale"
110
99
Mar'
Aug'04
106>«
103^8
107»4
Dec '02
99 12
15>4
8
AC
CoUtrg4'<2al8t .Ser....l907 FA
Mex InternatlBtcon g 48.1977 M-S
1977 MS
Stamped guaranteed
Mex North Ist gold 6s.. ..1910 J-D
Mich Cent See N Y Gent
Mid of N J See Erie
93 >4
Ist consol gold 6s
1934
Ist and refund gold 48. .1949
Minn A St t. gu Se« B C B N
A
M-N
MS
MStPASSMcong4intgn'38 J-J
MA Plst58 8tp(l48lntRu 1936 J-J
M 8 S M A A l8t g 4 int gu 1926 J-J
Minn Un 6ee St P M AM
Mo Kan A Tex Ist g 43. ..1990 J-D
2d gold 4s
efl990
1944
Ist ext gold 5s
St b Div Ist ret g 4s. ...2001
pal A Wa 1st gu g 68.. .1940
Kan C A Pac Ist g 48. ..1990
Mo K A E l8l gu g 58. ..1942
F-A
M-N
A-O
.M-N
F-A
A-O
K AT0fTlstKUg6s.l942 M-S
Slier Sh A So Ist gu g 58.1943 J-D
1906 M-N
Missouri Pacific 3d 78
1920 M-N
'Ist consol gohl6s
Trust gold 5s 8tampe<l.al917 M-S
Registered
ol917 MS
1920 F-A
Ist coU gold 58
Cent Br Ry Ist gu g 48.1919 FA
LeroyACVALl8tg58 1926 J-J
Pac R of Mo Ist ex g 48.1938 F-A
2d extended gold Ss... 1938 J.J
St Li Ir M A Sgen con g 581931 A-O
Gen con stamp gtd g5s 1931 A-0
M
A ref gold 43..1929
J-J
1933
Registered
Ist g 5s. 1926
Verdi V I A
Mob A Birm prior lien g 58 1945
1946
Mortgage gold 4s
tMobJ A K C Ist cons g 5s. 1953
fMob A Ohio new gold 68.. 1927
M-N
Eiv
W
I
;
1634
934
9234 J'ly '04
9068 J'ly '01
91
98
i
96I4
99
lOQisSale
79 's -sale
103 H Sale
86
auo
89 >9
noogiii
103
Nov'Ol
100
lOOV
7834
Ist extension gold 68../il927
/
;
961a 10034
7512 81
98 Si 10438
79 \
J'iie'()4
16
102
90
111
106 >a
103
lOC.'fe 109
80
102
86
106 la
55 99
100
LAW
Morris A Essex See Del
XJ ash Chat A St L Ist 7s.l913
1928
ly Ist consol gold 68
Jasper Branch 1st g 68. .1923
f
McM M A Al 1st 6S..1917
!
I
TAP
Nash
Branch l8t
Flor
[Natof
(
W
A Shef
•<!
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9608 Sale
904
ge"^
112
96
98
119 ...
96 "a...
Ill's...
91=%...
•«
121
91
91
Aug'04
l'/334
12612
Apr •04
130
94 19
90
113»all4
881a 92 "a
121
94 1^ J'ly '04
1131-^ May'04
92iaJly'(4
98'aNov'03
1 1
J-J
J-J
1
J-J
1951 A-O
Ist consol 48
'Kew H A D
l24i2J'ne'04
llSVt.
-SeeNYNHAH
iKJJuncRR 6e«NYCent
[New A Cin Bdge See PeunCo
;N O A N K prior lien g 6s pl915 A-0
IN Y Bkln A Man Bch See L
NY Cent A H Kivg 3128.1997 J-J
I
3
>12
6
'4
113
.
112>4.
113»a.
120 I24k
llOialiei,
Aug'04
Dec '99
113'all3'a
113 113
ll3i<2J'ne'(i4
113 J'ly '04
102
104 12 102 14 Aug'04
100
7534 76
64 73
7534
753<
1031.^
78
'1071a...
Debenture Ss
of. ..1884-1904
1884-1904
Registered
Kegist deb 58 of. ..1889-1904
1890-1905
Debenture g 4s
1890-1 905
Registered
1905
Debt certs ext g 48
Registered
1905
Lake Shore coll g 3'a8...1998
19',IS
Re^islored
1998
Mich Cent coll gSHjs
Refiislered
1908
Beech Creek I8lgug4s.l936
Registered
1931)
2d gu gold 5s
Beech CrExt lsl«
MS
MS
102""!;;
FA
FA
FA
FA
JJ
JJ
Om
89-'8
92
91
871a 90
86 S«....
10534 ....
10134 j'ne'04
lOO'feApr'oi
lOOi-iMar'Ol
101 Aug'04
99
Dec '02
99=14
May04
100
1023r
10034
l(l()7g
Jan
lOliig
102
102
1
I
Convertible deb g 58
1011
FA
66
105
100
75
74
7612 72
Trust Co ctfs
Gr Kiv Coal A C Ist g6».. 1910 A O 103
Jett ACIearC A
1st g 58.1026 J-D
Nov'OO
Mar'04
100
J'ly
107
114
Aug04
10212 J'ly
I
'1.4
1921)
J-D
lOSi-jOct
J J
106 '4 Feb '02
105 Oct '00
58
l8t 8
f
I
1
Wh
*No
price Friday; latest bid
J-J
A O
JJ
J
D
FA
M
b
J
J
.
D'Sia
100
,
lirjia
69
and asked
.!2
6
Due
97 12 Aug'04
123
118
122i4ilar'04
132 J'lv'99
11034
II214 Jly'o3
1061a Apr'(i4
9lii961a
9634
88
94
6834
97»8
723»
97"^
1221412214
1051a IO8I4
9612 96 1«
108
10534 J'ne'04
10534 1081a
1942
1942
1) 48 guar
1045
E 3'a guar g
1949
A C Ist 7s.. .1912
1912
W
A-O
M-N
J-J
J-J
M-S
'
on >exl
105
90
92
9734
M-N
A-O 118
A-O
,
102 Nov'98
92 14 Dec '03
98 J'ly '04
JJ lUia
U2\
95 14
J-J
J-J
J-J
94
FA
A-O
A-O
M-N
M-N
FA
96
102
04
103
9534
96
96
9834
'98^
now,
no no
103
J'lv'ii4
101
1
034
1
91>a
120«8
119^
10
-a
110
102
9134
121»8
104" 108
108
10934 111
Ang'04
90
la
"a
102
92
127°8 0ct 'O
121 Mar'i 4
m'" 121"
Apr'04
107'aMai'04
119 119
104ial07ia
119
I'nire
nnil Telepliono
I'el
gen g 6s.. 1920 M-N
90
94 J'ne'04
100 4 Apr '02
1 00 4 Oct '00
109 Oct '00
r
J
Jan '04
Nov'OO
Apr '04
Aug'04
Mar'04
Aug'04
1
J-J
t
AN
98
1181a
llOnglUia 110
11034
-
V
118
108 14 Aug'03
94
J J
AO
1101*
PSTfi
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,
A O
•M-N
3d 78
/tl912
RR 1st real est g48. 1923 M-N
1905 J-J
Consol sterling g Os
Con currency 6s reg...f/1905 y-M
94
J'ne'04
10514 J'ly '03
10934 109»4
109 llOSi 109 Aug'04
lo5 Sale 1041^ Dp'.
107 J'ne'04
107
103 J'ly'04
102 la 103
106 109
12 lOlialOS
107 107
100 10334
llOHj-..
105
1119=14
...
WeslnTeleg See West Un
gut 4 "as g.. 1934 J-J
tInniilnrlnrinK <.V InduNtrinl
1915 Q-F
Am Cot Oil ext 4ia8
Bar
./Mil 'Oil
a Duo Jan
i-i
9718
100 -a
101ial05!%
101 104'a
7014 76 \
105 !>.
104
74I4
74
7238 J'ne'04
102 Apr'02
108 4 Aug'04
«
week,
104
108%
t'eb
this
OOia
104''8
110
73
ioo'vi iiisia
Sale
741*8016
72
102iiil02ia
Aug'! 14
Aug'04
106
1031a
112 112
99 k 102
105
Mil .Spirits .Mtg Ist g6s.. 1915
.Am I'hreail 1st col tr 4s. ..1919
102
71
112
101 la Aug'04
102 ifi J'ne'04
Am
71
9(iial02
9934 99»4
871a 95
9478
1021a.
Dec '(13
108
1251413234
9934 J'ne'04
102
1124
111
109 la Aug'04
li'2
la
.
1946 J-D 1091a.
J'ly'04
01
112iaApr'n4
130 Aug'03
127 Nov03
13234 Aug'04
lOl-ig
102
.
110
92
106
108
1
21 100 la 104
104
Dec '03
110
West Union col tr cur 53.1938 J-J
Fd mill real est \i 4 =28. ..1050 M-N
iMut UiiTel a Iiind68...19n M-N
Aug*' '4
10334
101 •'8 101 T,
'03
110 J'ly'04
108 la J'ly '02
Peun
.No
02
I06
Sep
10914.
.\
91»4
126
FA
10'2'al02'2
102
110
1281a
n
Am Telep A Tel coll tr 48 1929 J-J
Comm (;able Co 1st g 43.. 2397 q2307 O J
Reg istered
Erie T A T col tr g s 5a. .1926 J-J
1018 M-N
Met T A T IstS g6s
Apr'u,
101
.
no's.
B guar
C guar
Series
Series
Series
Series
Pitts Ft
•Vortliw Tel
90 >a 92
'li>5
look's
94
119
PCCASt Lgu4'a8A...1940
M-N
J-J
Apr'03
101''8Apr'(i4
Q-F
y-F
J-D
J-D
105 105
95 "4 100
79 12
69
60 W, 75
'0:i
131»4
10136.
85
111
NACBdgegengng4iasl945
BOMIS— t:oiitiiiued
iMiiv'97
k58.1951
Plea-s Val Coal Ut ss \ 5s.l92S
Roch A Pit C A pur in 58.1946
Teiiii Coal gen fts
1051
Tenn Div 1st u' 6a
al917
Birra Div Ist consol 6s. .1917
CahC M Co 1st gu s 68.1022
De Rare A Co gu g 6a. 1910
Va Iron Coal AC Ist g r>s. 1941'
L K A H<; Col Hi 2 5a. 1910
2<t ^'Old
Kan A H C A C
10
1231a.
104 IO4I4
102341051a
101 101
118
A. '42
1942
1948
1950
Erie A Pittsgug3'as B.1940
1940
Series C
'I'eleiriiipli
103
99
Mar'04
llSifiSale
Pgen gug 4 las ser
CI
Series B
Series C SHjs
Series D3ia8
I'oal
1
101
Aug'04
119
ac of Missouri See Mo Pac
Panama lat s fund g 4 "as. .1917
Sink fund subsidy g 6a. .1910
Penn Co— Guar 1st g4'a8. 1921
Registered
1921
Guar 3 "as coll trust reg.1937
Guar3i-2sc«ll tr ser B...1941
•Tr Co certif's em g 3128.1916
C St L A P Ist con g 58.1932
Registered
1932
10734
l>llSCEM.ANEOUi!>
'02
NYC
NW
'03
104
Jan
113 1151,
I15i2ll9'«
10414 Apr'04
10518 105 12
loo
Q-J
Q-J
g48
Oswego A Rome See
See C A
(J C F A St P
Pac Coast Co Ist g 58
2d7s
105'«J'ly'04
102 Mar'04
96 14 97^4
'03
113 Apr '04
.1191a 11912 11912
A-O 10134 Sale
AW See C C C A St L
OInd
hio River RR
931a
91 \
9II4
85i«
Aug04
98
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
9'.^l•2Nov'()2
8914
91
Sep
100
1996 A-O
1948
Nor Pac Ter Co 1st g 6s. .1933 5:^
Nor Ry Cal See So Pac
991a 101 It
86
86
96 1« May'04
.
103^8 104
Registered certitic'a..l923
St Paul A Dul Ist 68. ...1931
2d 5s
1917 A-O
Ist consol gold 48
1968 J-D
A-O
nnd Iron
Col C A I Dev Co gu g 5s. 1909 J-J
Col Fuel Co (ien gold 68. ..1910 M-N
Col t A Co «eu s K 08.. 043 FA
1st con g 4s. 1996
Ist
100»4
98i2l0i»«
.
.
M-N
WW
Wash Cent
1094
108^
100»sll2i4
121 "a 122
121 121
105 la 1061*
J'ly '04
PocahC A C Joint 48. .1941 J-D "941^ Sale 94 14
112
CCA T Istgug 5s
1922 J.J 108 la
100 "a loo's
100 101
91i2AuK'04
39 '4
89 ^
Not'
Jan '03
IO6I4 J'ne'04
10613 Nov'OO
10334
10513.
M
Registered
9634 10134
99^8
98
lOO^H
991.^ J'ne'()4
121
139
76
121 "8 J'ly '04
H
A
100 14 IOOI4
M-S
J-D 100^8.
J-D
M-N 100 "^ ...
M-N 10014
193G J-J
3'-2S61'.i51
100
Feb '02
11334
FA
I
1997 J-J
Registered
121
114
1st g 58.1936 J-D
General gold 6s
1937 A-O
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pao
ore Short Line See Un Pao
I2H4.
lOO'^Apr'04
11934
10434
ffl992
N
N A W Ry
112
122
10134
114
961a.
See
YCA
See Long Island
See Erie
Y Tex A
See So Pac Co
Nor A South 1st g5s
1041 M-N
Norf A West gen g 63
1931 M-N
Improvem't A ext g 6s.. 1934
New River Ist g 6s
1932 A-O
AN
A-O
LAN
Y A Put
YA R B
YSAW
loi^i
60
100
N Y Chic A St L Ist g 48.1937
Registered
1937
N Y A Greenw Lake See Erie
NYAHar SeeNYCAHud
N Y Lack AW See D L A W
N Y L E A W See Erie
N Y A Long Br See Cent of N J
NYANE
SeeNYNHAH
New York New Hav A Hart^
Housatonio R con g 58. .1937 M-N
N H A Derby con g 5s. .1918 M-N
N
N
N
N
10 13^ tjale
IOII4
121
1177,
127 '4
125
113
"a
1951
1952
Bat C A Sturlstgng38.1989
N Y & Harlem g 3'a8...2000
Registered
2000
N Y"^ A North 1st g 88.. .1927
lUialllia
llliaMar'04
91 Feb'04
J-J
6s. ...1917 J-J
See
Mex prior lien 4 "as. 1926
1940
1940
Registered
J
S Istg 3ia8
IstgSias
10334 108^6
Mouongahela Riv See B A O
Mont Cent See St P M A M
rUorgan's La A T See 8 P Co
i
1931
1931
Registered
Scio V A N E 1st gu g 48 1989
North Illinois See Chi A N
16 91''8 96
North Ohio See L Erie A
Nor Pao— Prior lien g 4s.. 1997
101 103ie
Registered
1997
109iall6
General lien gold 3s
o2047
11 11138U7
Registered
o2047
St PauUDnl Div g 48.. ..1996
9113
84
Registered
1996
9112
91
C B A Q coll tr 4s See Gt Nor
96
96
StP
P gen g 6s. ...1923
106'al07'2 IOC's Ang'04
95 Sale
95
05
101 101 100 May'Ol
102 .... 102'aAug'O4
11484....
116 Aug'04
Ilb»4ll7 1161^ 1I7
10934 Oct '03
MAO
!
Ist consol 68.1909
68
i-i
Mohawk A Mai 6eeNYCAH
{
Mich Cent
1905 J-J
NYANE
1st 78
1st 6s
190i J-J
N Y A North See N Y C A H
N Y O A W ref 1st g 4s..j^l992 M-S
Regis $5,000 only
M-S
99
99
10314
85
Jan 04
90
118
9512 98
106 "a Sale 10534 106 "a
11)3
105 ^ 102 Aug 04
108 ...
108 J'ly '04
12134 Aug'04
11838 l22->e
100 Sale 108
109 14 63 104 109 "4
JJ
rs
113
Aug04
J'ly '04
103
86
102
90
110
I20ial20ia
Jan '02
Aug'04
99
J-D 12534 133 "i 125
1938
General gold 48
Montgom Uiv 1st g 58. .1947 FA
St t. A Cairo coll g 4s..«1930 Q-F
1931 J-J
Guaranteed g 4s
coU 48 See Southern
KaA AORlHtguc58.1938
Mahon C'l RR Ist 58. .1934
McK A Y Istgu 6s. 1932
2d guar 6s
1934
McKees A B V IstgCs 1918
105
Apr '04
98
1997
R W A O con Istext 5s. ftl922
Oswe A R 2d gu g 5s...el915
RWAOTRlstgug 58.1918
Utica A BlkRivgug48.1922
May'OO
M-S *l01'u
J-J
J-J
98
98
LA
71 1,
118
97
A W Divlstg4s..l933 M-N
/
IO634
10034
miiiVoi^
107'^
12
6
*
XJnitted
IOSIr
10709
1003. 10034
Pitts
60
121
Ko Low HigK
107 la J'ly '00
105 Oct '02
105iaNoT'01
Debenture g 48
'i928
Det Mom A Tol Ist 78.1900
I01ial06i4
142 Deo '03
1123gi)ec'03
1201a Feb'04
116
97
JJigh
Apr'02
95
108 loss OS's
107i2l07»8 1071a
115
117
MU L S A W See Chic A N W
MU A Ma<t See Chic A N W
MU A North See Ch M A St P
Minn A St L let gold 78.. 1927 J-D 138
Iowa Ex Ist gold 78
1909 j-r> 1083b
Paoillc Ex l8t gold 68. ..1921 A-O lltfia
South West Ex Ist g 78.1910 J-D 112 118
Since
2361
91 19 99
10614
86
Ist 48 gu...2361
Registered
117'a
62I4
621a
141a
14'i
9 J'ly '04
105
Bange
January t
Lake Shore gold 3ia8....1997
West Shore
48
61
Ask Low
Bid
A Ad Istgu g4H...1981
Gouv A OS we l»t gu g58 1942
Moh A Mai Ist gug48..1991
N J June K gu lHt4s...l9S6
N YA Pulstcongug48 1993
Nor A Mont Istgug 58.1916
Registered
IIO"*.
Aug 26
Cloarf Bit Coal Ist 8r4s.l940
89" "95 V.
96
1952 J-
Keplslerert
N Kla & « l8t fru g 58.. .1937 F-A
Pons
Atl Ist (fu g 68. .1921 K-A
S& N Ala con K\i K 58..19»(i FA
1910 A-O
Sink fund )roU16s
LA Jetl K(tBeCoKUK4s..l94 M-S
LN A&Ch SeeO I & L
Mahon Coal 6'«e L 8 & M S
anhattan
96
J-J
Week-t
Hange or
Last Sale
f^idav
N. Y.
1
Cart
116»2...
116a8.Mar'02
121»a..122 Apr '04
ISiwi Wl-S
Tl^j 75 J'iie'02
2(1 srolil 38
Heniler Kdgelstsf !?6.s.l9;<l M-S 106 ...
113 Nov'99
99S,...
Kentucky Ont pold 4s. 1 >.W7 J99 Aug'04
107i4j'ue'()3
Lcfe N A M <fc M 1 St p 4 ".ia lUir) M-S '108»6...
M
pnc«
STOCK EXCHANfiE
Week Ending August 26
Low High S Y Cent A H R—fConltnued)
Smcp
January
108i4Jau'03
126
Pensacola DIv »{<>l<lGs...r.i'.'()
1021 M-8
St L Olv 1st trolil 68
N-South
ItONDS
Hani/e
Week'i,
Jiani/e or
Friday
Aug 26
i:'i;
Nnnh'v—( Continueilj
<te
L cm Lex
NO&M
l8t
NOit M
i
[YoL Lxnx..
Bond Record—Continued— Page 3
K. Y.
Life
.
Hiile
A
u«»
A
L
Ist
8lg6s..l919 M-S
M-S
861a Sale
87
J-J
S23gSale
,
a Car Co 1st g 6a. ..1942 J-J
«aif
rU^Mj'ue A Due
J'ly
p Due Nov
OS J'ly'04
86 -.
86 la
87 Aug'114
82 =V
82
105 Jau '00
«
Option
sale.
16
96
70
82
74
99 »»
H6i«
89
82%
Aug.
—
6
J
j
—Concluded—Page
Bond EeCOrQ
27, 1904.]
Friday
Weeks
Range or
Aug
Last Sale
Price
N. Y.
STOCK EXCHANOK
"Week kndino august
Penn HH—<tontinuedJ
'2Q
irs\
981^ Sale
104 14
IO8I4
& Pek
2<t
PereMarq— CUA
jnnt&PMK6s
WM
l8t CODSOl gold 5s
.
61921
58 1921
1920
19d9
Pilts
Pitts Sli <fe L E 1st g 58... 1940 A1943 J
l8t consol gold 5s
West Hee B O
Pitts
Ash l8t con 58.1927 M
Pitts V
&
&
KeadiugCogeng48
1997 J
1997 j
Kegistereu
Jersey Cent coll g 48. ..1951 ARensselaer A Sar Hee D <& U
Rlcli <fc l);iu aee South Ky
Rich <fc Aleck Hee Soutliern
est See Den cfc Bio Gr
Kio Or
Bio Gr Juno Ist gu g 5s. ..1939 J.
194U J
Bio gr So Ist gold 48
Guaranteed
1940 J
W
Pitts
See
Rome Wat & Og
B K&P
N Y Cent
-See
Rutlan<l Ist con g 4128
1081^ ibsi^
1941 J.
Bu^Cauadl8t gug4s...l949
J.
11
See Pere Mar(i
Isl
Istg4s...l947
J
8tl*iw<fc Adiron Ist g 68.1990
2d golu 68
1990
St L <fc Cairo See Mob <fe Uliio
Bt 1. & Iron Mount See
P
8t L K C <fe N See Wabash
St L, M Br See T K II A ol St L
St L & S fc'ran 2d g 6s CI B 1906
2d gold 6s Class C
1906
General gold 6s
1931
'General gold os
1931
St L<te S F BKcousg4s..'96
Southw Div Ist g 68. .1947
Retuuding g 4s
1951
5-year gold notes 4 4.. 190.''
K C it S <fe coug 6s..lU2y
K C Ft S & Ky re? g 4s 1936
J
92
Sale
92
92
92
84
A-
M.N
M-N
104»4
10434
j.j
125i4Sale
J-
111^4
KC&M K<fe
W
etP&NorPac &«eNorPao
St P & s'x City See C St P M <fcu
100
97
99
86
J.J
A-O
J-
Sale
J-D
94
122^4
8538 Sale
Nl-N
103 Is 105
IO313 103'^
12234 127
110 II2I2
IO314 .T'ne'04
loss's J 'ne'04
1251.
12514
IIIS2 Aug'04
9612 Aug 04
100
84
94
Jan
u,
1-2212
96
100
100
'04
85
Aug'(i4
1221q
841a
96
826
791a 851a
"3
94
94
llOSz 1221.2
8538
8538 167 78
J-D
J-D
36
20
Sale
Sale
96ia
7834
97
81
7 9 "a Sale
7739
7984 477
97
81
J-J
91 Xi 97
7013 81
65 13 7934
lll'%112 111 Ang'04
133 Si 135 1-1 13313 ATig'04
140 MHy'02
110
108^J'ly'04
llOigApr'Ol
11134
llliaAug-04
103 12
104 Aug'04
102 13
106 May'Ol
104i2Aug'O4
10434
J-J
J-J
J-J
J.J
M-N
J-U
J-D
A-O
A-O
J-J
J-J
J-j
J-J
125
132 "a.
J-D
117
11634.
.
104
100
133
13588
110
Jan
11334
Dec '01
See
Nor &
W
AO
Seaboard Air Line g 48. ..1950
CoU triefuudgSs
1911 M.N
Car Cent Xst cuu g 48...1949 J-J
yia Cen <fe Pen ist g 58.1918 J J
82
741a
10218
82 14 129
102 Sj 11
Aug'04
Sep 00
Sale
10218 Sale
93>a
1021a
-
l8tlauilgrextg68...1930 J-J
Consul gold 6a
1943 J-J
Oa<fc Ala Rylsi con 6801946 J-J
Ga Car <fe No Istgug 6s 1929 J-J
Seab& Rua
Istos
12
I4
loo
110
110
'04
92 14
102 13
93
66
96
91
100
I0434
10434 J'ly '04
10434 10434
107
105 '4 Ji»7i.
108 .V'ne'04
45 102 107 14
105 13 108
1926 J-J
llli^May'OS
Shr <fe 80 See M K <& T
8U 8u oca & G See Atl Coast L
Sod Bay <fe 80 Ist g 68
1924 J-J
Slier
SoCar&Ga
trg4'a8..1905 J-D
Gold 48 (Cent Paccoll).fcl949 J-D
Registered
fcl949 J-D
N
Istgug 5s.. ..1941 J-J
Cent Pac Ist ref gu g 4s 1949 F-A
Registered
iy4;) f-A
Mori guar gold 3138. .fcl929 J D
Gal Har & s A l8tg68..191o FA
2d gohl 78
1005 J-D
A*
101 14
94 34
94 a Aug'04
103
102 Apr 04
99 ^8 100
ae's Sale
99 I4 Mar'03
I4
>4
88
88 Sale
8«'4
107
107
107
1 0'Z S}
1 03 34 Apr '04
110 114
107 J'nc'o4
106^,
107 Aug'04
104
105 ]).-(•. '03
104
103 •fi J'ly '04
M-N
VG&N Istgug 58. 1931
1924 MN
W T Ist g 58.1933 M-N
<fc
lat giiqr 58 red
12
1933|m-.N
16
97 Tg 10134
87 I3 95
8:.34
9413
97 102
97 14 101 '8
>^8ij
S4
10/ 107
IOOI3 111334
1053s 109
105 108
1031310313
.HI.Si;KI.I.A.MC<>U-S
67
A-O
65 13 Sale
96 13 98
93
95
PA
J-J
J-J
A-O
FA
IO7I4
101 "3
95
10134 Sale
88
91
J.J
AO
6534
67 1778
6I34 J'ly'04
6438
65 -i 64
Sale
Income
UH
Leath
lat g 6a. ..1946
gold 6h
Cos (deb
1940
gOs.. 1913
UB Kealty<fcIconvdebgea'24
U
FA
MN
35
2
Ill
J-J
84
8 steel Corpcoltr2d6B.rf'u;, M-N
P<fKUt«!r«d
Mopnee JTrldaj;
April
Htt5:i
'
,
40
M-N
laMatbldaiidMked.
99
92
Aug'o4
10134
Feb'o.-;
',13
101'-,
89
64
40
J'ly 04
AnK'04
AugO.
113
li-v
111
ins,
82
H4
77'a
77',
79
aPaeJan
6
61
13
67
6I34
68i2
D 4-58
E5s
Ist con gold 58. ...1894-1944
Jan
Jan
113
100
99 14
J-J
85^8 Sale
130
121
1301a
121
8538
10408 107
'01
'04
8578
47
107 14
1 06 14 Aug'04
1081^11034 10734 Aug'(l4
102
102 May'04
10234
102 Oct '0:i
104 14
102 Apr'04
115
1151-t J'ne'04
115
li4i3Apr'04
109
119 Feb '04
109 Aug'04
10513.
108 Mar04
A-O
A-O
AO
A-O
M-N
M-N
J-J
100
76
105
100
1053,
10,-<38
101
102
87 14
108
13
102 U)2
II5I4II5I4
1141311413
119 119
107 110
108 IO834:
,
!
J-J
F-A
M-S
10134
101
1(1513
1 1 1 13
<
103
Jan
98
J-J
J-J
J-J
117i4SaTe"
J-J
J-J
J-J
J-J
110
122
J-J
J-J
116
Ist gold 5s
112 J'lv'04
122i8An2'04
124 J'ly '01
lis
116 Aug'04
1123eJ'ne('4
114
112
118
113
117
11,13^
1-2
l(i5ii:
123
110
11.=5
87
871a
I03I3IU6
J'ne'04
Jan'o:i
110
Div B L 1st
La
e
Min W N W Ist gn 58 '30 P-A
W
1935 J-J
Tol&OC 1st 58
As
II2I3II7
May'04
110
110 110
II214II61*
116^4 J'ne04
g
Western Div Ist g
03. ..1935
A-O
1935 J-D
Kan& M Ist gug 48 1990 A-O
Ist gold 48. ...1917 J-J
Tol P A
TolStLA WprUeng3ias.l925 J-J
96
88
85 13
76
50-year gold 48
Tor
19.50
1947
1911
1911
Ore Ry & Nav con g 48.1946
Ore Short Line latg6s.. 1922
Ist consol g 08
1946
Registered
c&
participating ....1927
& Nor Ist 7a
1908
Gold 58
1926
Unl N J RR & C Co See Pa RR
Utah Central See Bio Gr Wes
Utah <fc North See Un Pacific
Utica <& Black B See N Y Cent
er Val Ind &
See Mo P
T irginia Mid See South Bv
Va & South w't 1st gu 58.2003
1939
Wabash Ist gold 5s
2d gold 58
1939
Debenture series A
1939
Series B
1939
lat hen equip a Id g 68. .1921
Det & Ch Ext Ist g 68..1941
DesMoin Div 1st g 4s. .1939
Om Div lstg3i3S
1941
T0I& Ch Div Ist g 4s. ..1941
St Chas Bridge Ist g 68.1908
Warren see Del Lac & West
Wash Cent AeeNorPao
Wash O &
See Southern
West N Y <fc Pa l8t g 6s. .1937
Gen gold 3-48
1943
Utah
103
-'
Aug'04
Aug'04
109iaAug'o4
115
80
108
119i«i
106'3Mar04
101
106i«i
11 4^8
111
May'04
May'04
93
noij
i
11214115
111 111
10734 Aug'04
:
i
103ial07'4J
96
96
91
96 i
90 13 90 J'ly'04
86
92 i
85 14
85
81
86
85>a,
Sale
74
76
68
76 1
9134
98 Apr'03
110
lll'3Aug'ii4
IO6I4II3
92 13
93 Aug04
9134 93 i
105 la Sale 105
105 107 100»4l06
104 May 04
10038 104
Ham& Buftlstg 43./11946
Registered
78»N
Cue Feb
'
10014:
112ias
119
81
90
105
II3I3II5
11218
106
General gold 58
110
110 116
1101311213
117 J'ly '00
10413 Sep '02
...
119
81
116*8
112;>8
J'ly '04
J'ne'04
Feb '02
116 ATig'i>4
110 13 May'04
93 Dec'Oi;
115 J'ly '04
I1714...
2000 J-D
^2000 Mar
1931 ,r.j
9713
114
93I3 98
115 11713
9II4 i)638
993j 30 98
1953 J-J
9913IOO13 99 Vj
Gen refund st g48
11218 J'ly 04
110
St L M Bge Ter gu g 58.1930 A-O I1214...
Tex & N O See So Pac Co
102 J'ly'04
102
Tex & Pac E Div Ist g 63. .1905 M-S 102 14
2d gold inc 58
118
110
124
87
112
FA
9234
114
943.
11934
1221a
J-J
111
108
118
115
120
109 112
11834 123
124
J 20
11434
119i<.«121
M-N
M-S
i03'" i03
May'Ol
115
113
115
101
*
'04
1171..
9434
90
115
J-J
J-J
101
)ct '01'
110 Peb'04
97 13
971-1
114 J'ly '04
97
97
117i3Apr'04
II514
9434
A-O
Feb'04
II714
97138010
97
9718
M-S
Sale
1-,
!
i-j
J-J
I
M-N
M-N
10413
J-D
102 Sale
12178 12H
116 Sj Sale
96 la Sale
FA
PA
J-J
10313
8a,le
98
102
13
I0434 i838
J'ne'04
94i3l04»4)
9634 98 iS
42
98i3l02'i
102 iv
12176 Aug'04
l'20i4l25Hi
1161a II6I3 'if 111 11712
96' 186 9934 98i2
95''Hi
J-J
J-J
109
112 Dec '03
114i3Apr'02
J-J
104 107
117 13 Sale
103 Ang'04
1173^ 11713
107=8 Sale
107=8
W
V
M-N
FA
J-J
J-J
r
J-J
J-J
'
A-O
MS
A-O
10734
J'ly*04
yij
95
60
61 iv
103 Si 102 Jan '04
I0913IIO 110i3J'ue04
90 Keb'Oi
96
83 'a-...
83 «8 Aug'04
98 Mai '02
10913 Mar'03
"61" Sale
MS
J-J
1161a Sale
9313
A-O
Income 6s
rfl943 Nov
West No Car See South Ry
W VaCent& P
Ist g 6s. .1911 J-J
Wheergifc L E Isl g 58. ..1926 A-O
Wheel Div Ist gohl 6s.. 1928 J-J
100ial04i«
114i3n8'4
10614 110
94
95
249 66
68
,
102 102
106 >4 1101
90
90
79 'g 83 »
FA
Exten<fe Imp gold 5s. ..1930
20.year equip s f 6s
1922 J-J
Istcousol 4»
1949 M-S
Wilkes <fc East See Erie
Wil & Sioux F See St P
<fe M
Winona <fc St P Ae« C & N
WlsOnt 60-yr Ist sren 4s. 1949 J-J
M
115
116»
Aug '04
93
96
111
Aug'04
Apr'04
U2
112'3
109
107 13
100
9118 Sale
II6I3
96
40
1161a
IIOI4II2
,
Mar'Ol
111 111
10914114
lo9 Apr'04
100 4 Aug'04
91
91
If.
111)
100
13 86
W
90
Sale
891a
90
I
I
110l4ll0>4l
11014 .May'04
,
i-i
34
SSHj
109
103
92
,
/
9X%
itON us—Concluded.
Adams Ex ool Ir g 48
1948 M-S 103 14,
AmUk<biiup58 6'e«CentNJ
Am SS Coot
02
92
Del
M
1-
e
Doe Mar rtUaeApr AOuej'ly k Da* Aa«
•
100
10313
103
V
100»4J'no'02
FA
M
Idgr incomes. .1911
lOS'elOH^ Hnboken L <fc I gold 6s. ..1910
Mad Sq Garden ist gos.. 1919
10 97 103
.Man Boh H & L gen g 4«.. 1940
36 !l'238lOP>4 Newi) No Shlii <fc I) l)68i<1990
90 1^ N Y Dock 60 yr Ist g 4H..1951
87
«!4
Ht JoHpphStk Yds 1st 4 13s. 1930
66
3.-)
47
St LTerCupplesStAfUc^ Prop
4I4
II3
Co Istg 4I3H 5-20 year. .1917
10
107-14 112'.^ S Yuba Wal Co con g 68.. 1923
84
.Sp
Val Wat, Works 1st 6s 1906
7t 80
164'
6834 79 \ (J SRed<ft Bet Ist Big 6«. 1931
6834 79"''
2
<fc
IO318
W Vag5s....l920 M-N
H'kl'u FerryColsicou8g68'48
(;hicJo<ftSl Yard col g 58. 1915 J-J
'99
10034
10034
6334
57'4
'o::
Fp1)'04
lolia
2 1.,
Sale
7834 Sale
Sep
Jan
9'J
,
I
&T
104S8J'ly'O4
Apr'04
May'Ol
iXiHcellnneouii
F-A
A O
NatSUrch.MrgCoi8tg68l920 M N
Nat siarih Co s deb 68. .1926 J-J
Btan Rope
10434 106
A-O 107
SyraBingcfeNY -S'eeDL&W
1'erAot St L 1st g4i3S.. 1939 A-O
ftlaiiulncliiiinff tk ln<ltintrinl
Consol Tobacco SO-yxg 18.1961
Regititered
1051
Distil Sec Cor con V Ist g 6m. '27
Distillof Amerc<illtrg&8.1911
I118t«el Codeb&s
1910
Nuu-couv deben 68
1913
Int Paper Co Ist con g 6s.191h
Int Ht I'unip lo-yr oouv. 6s '13
Knicker Ice (Chic) Ist g58.'2K
Lackaw steel Ist g .Os
1023
130
121
W
'03
lOlSh
04 ',
93'(
Mex & Pacl8tg58
Gila
102
101 14 101
9434 Salo
W
Hous E
Jan
101>».
««« Southern
SoPaoCo— Coll
127i3Peh'0-2
I29I0
A-O 11218
87Vg
M-N *107i4
M-N
M-S 114
1921 M-S 109 13
11338
192ti M-S
1936 M-N 11234
1936 M-N
W
48
1141311413
117 117
99'4.
8
N K
gug 68.... 1907 JJ
let lien convert 48
1041310413
Bait
Heioto Val <b
Ist
A-O
J-D
I Il8ter&Dellstcoug58l928 J-D
10713110
y> l8t refund g 4s
1952 A-O
I(l9l2lll'2 Un Pao KK <& 1 gr g 48 ...1947 J-J
130
128 Apr'02
135 Apr '04
116 Apr '97
114iaMar'04
117 Jan '04
.
LakeC lat g s ( 68...1913 J-J
S ho Presdfc Ph Ist g 68. ..1942 Jd-S
A & A P See 80 Pac Co
8 F 4 N P l8t 8luk r g 58.1919 J-J
Sav K & West *«« Atl Coast L
107 "s
1^1
1331a
H iun.
gulstg4s.l912 A-O
W
A-O
Since
110 112
112 113
90 13 94
Jly'04
94
Range
January 1
Low
Hiali
11234 Aug'0.1
125
<fc
M-N
^1
Apr'04
112
General 58
Guar stamped
9OI4
1st cy gu 48. .1924 FA
O <fe
West N C Ist con g 68.. 1914 J-J 11538116
S & N Ala -See L <fc N
Spok FaUsife Nor 1st g 68.1939 J-J *122i4
Stat Isl Ky Ist gu g 4138. .194:! J-D
W
A-O
Bl8tgu6s.l9'jy A-O
81 Liouis So See lUiuois Cent
l8t g 4s Ud ctls.1989
8t L a
2d g 48 luc bond Ctt8...pl98»
Consol gohl 4s
1932
Gray's PtXer Istgug 58 1947
St Paul & Uul See Nor Pacilic
StPanl M <& Man 2d 6a... 1909
iBt COU80I gold68
1933
Registered
1933
Reduced to gold 4>a8.. 1933
Registered.
1933
DakoU ext gold 68
1910
Mont ext 1st gold 48
1937
Registered
1937
BMiiiu l8td)7 Istg5s..l908
Nor Div l8t gold 48
1948
Minn Union Ist g 68
1922
MoutC l8tgUK68
1937
Regi8t«reu
1937
l8t guar gold 6a
1937
WUl<fc S *• Ist gold 68.. 1938
series
Series
Ask Low
94
W
N YT&Mex
Last Sale
llOia
112 113
J-J
Consol g 6s int guar. ..1912 A O
Gen gold 48 int guar. .1921 A-O
div 1st g 6s '30 M-N
Waco<feN
Morgan's La <fc T 1st 78.1918 A-O
1920 J-J
Ist gold 68
NootCal
May'OO
117
M
M
M
H & TC Ist gSsintgu.. 1937
13
Range or
L'6
Hid
(Continued)
Pac Co
.'Southern
Week's
Price
Fridav
Aug
'
McKeesA y i'^eNVCen
<fc
98 12
BONDS
STOCK EXCHANGE
Week Endina August 26
N. Y.
.
W
Tue
Sag
- t Jo& Gr
9413
775
1938
Guarauteeil gold 58
Ore & Cal 1st guar g 5s. 1927
S A<fe A Pass 1st gug 4s. 1943
118
121 May'04
120ial23iii
So P of Ar gu 1st g 68. .C1909
101 J'ly'04
cl910
98 101
1st guar g 6s
106 ...
109 Apr'02
1905
S P of Cal 1st g 68
12118 AnK'04
1905
121^...
llM 122
1st g 6s series B
inig...
109 May'Ol
lstg6sseriesC& D...1906
10734 llOWi
113l4ll5>2 112''8Aug04
IO914II2SB
1st g 6s series E& F...1912
1912
Ist gold 6s
II914 Apr'04
1937
lll'a.
119141191-^
Istcon guar g 5s
1905-.. 1937
137 Nov'97
Stamped
8 Pac of N Mex 1st g 6s. .1911
1937
S P Coast 1st gu g 48
1905
Tex& N O 1st 78
1912
120 Oct '01
lllhi.
Sabine Div 1st g 6s
112 >2 Dec '02
1943
Con gold 5s
1994
Southern— Ist con g 58
il5i2Mar'04
1994
Registered
1141a.
lloialloi-z
Ill's.
98 J'ly'97
Mob & Ohio coU tr g 4s.. 1938
Div 1st g 413-68. ..1996
Mem
n4i«]14i«
1 14 ig May'04
1961
113
St Louis div Ist g 48
9934
loo 177 9409101
1918
9i)7gSale
Ala Cen K let g 6s
991-2
100
1948
Oy Si Sale
Atl & Danv 1st g 48
98 100
9534 96
96
3 9138 96
96
Atl & Vad Ist g guar 43.1949
1916
Col & Greenv 1st 6s
EX Va& Ga Div g 5s. .1930
1956
Con 1st gold 5s
1938
E Ten reor lien g 5s
1922
111 -lllVj llliQj'ly'04
llOi^lllii
Ga Pac Ky l8tg6s
68 J'ne'04
631.^ 68
Knox & Ohio 1st g 6s... 1925
021a...
1915
92 War'03
Kich <fe Dan con g 6s
1927
Deb 5s stamped
Kich tfc Meek 1st g 48... 1948
1919
10334 May'04
10334 104
So Car <fc Ga Ist g 5s
101i4Nov'01
Virginia Mid ser C 6s...l91(i
Pt Hurou Divlst g5s.l939
<fe
Low High
Hiuti
Aug'03
98
98 w^
102 Nov'97
11234 Mar'OO
.
SagTu8<te H Istgug 48.1931
Phila A Reading cons 78.1911
Pine Creek reg guar 6s. ..1932
Pitts Ciu <fe St L Kee Penn Co
Pitts Cleve & Tol tiee B & O
& Ch -See Penu Co
Pitts Kl
1922 j
Pitts June 1st gold 63
Pitts <fc Li fc;rie2dg 58...0192H A-
Bocli
Since
lanitavn 1
108 Hi Apr '04
108^4
10034
IIOI4.
6«e C C C <fc St L
Un let g 68.. ..1921
gol(14'Q8
&
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I
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8^
Dec '03
114
106
*110
48 g.
D K K K Bge Isl gu4138
1941
GrK& exist gug48.
..193(1
Suu & Le>vis Ist g
48.1944
UN J KH& &Caugeu
Atl 6>e L, & Nasli
PeDsacola
cfe
Ask Low
Hid
^"^^
Consol KoUl OS
lij"
Consoi front 4s
Convertible gSHiS
},^]i
Alleg Val seu fCU k 4s. ..1942
C1.S! Mar 1st ffu g 41128. . 19. o
Peo
Peo
if
4
63
Mai '01
"6i"'66»4
111
81
J'ly 04
76"a 83
60
Feb '02
63
64
100
80
AO
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M N
J-J
FA
-
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90 >4
.
90 •«
46
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112
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3
6
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BOSTON STOCK EXOSA.NaE-Stock
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81
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14
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114
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11^8
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138
Miscellaneous
Amer Agricul Chem.lOO
100
Do pret
50
44 Amer Pneu Serv
50
Do pref
13138 Amer Sugar Retin
100
1334
100
Do pref
138 V Amer Telep & Teleg.lOO
13 V Amer Woolen
100
80 '4
Do pref
100
14',
81
44
414
131
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81
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15
92
80
92
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91
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84
102 14 Swift
100
Co
Last Sale 2^4 J'ly'04 Torrington Class A.. 25
Last Sale 25
Aug'04
Do pret
24 24
Mg. 25
2 4 Union Cop L'd
105 4 105 4 10534 106
100
United Fruit
83,
14
1051a 105
la
102
9
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102 4
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50
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301a
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50
30 14
12
59 14
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15
92
91
79
90
50
30 14
SO United Shoe Mach... 2S
30 V
25
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Last Sale ?l4
J'ly'04 U S Leather
100
Last Sale «c<38 J']y'04
100
Do pref
Last Sale i9l4 Aug'04 U S Rubber
100
lOU
Do pret
12
12
12
1218 U S Steel Corp
100
69
59 V,
100
594
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60 4
76
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92
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663 71 Jan 5 81 Aug',J4
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6 Mar31
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1,400
500
515
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25 14 26
26
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147 28 Jan 28
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102 4Aug25
22 4 J'ly 18
25 Aug 12
2 4Mar29
113
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13 4 Old Dominion
67 Osceola
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'•'9'5
334
40 4
25
26
25
25
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434 .M ontana Coal <fe
100
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Last Sale 33
74
7
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Mayllower
Michigan
434
l\
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1
85
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Guanajuato Cousol.. 5
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31,
42
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103
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314
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134
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100
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25
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8
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3
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44
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24
24
25
10
25
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144
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25
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25
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25
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Santa Fe(Gold& Cop) 10
10
Shannon
25
Tamarack
25
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25
renucssee
25
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100
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UuitedStates Mining 25
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94
82
75
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10 14 Winona
84 4 Wolverine
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;|
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J'ly 22
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Jan
9 Nov 26 Feb
664 Nov 86 14 Feb
3 Sep
7 Mar
12 Sep 24 Mar
7
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19
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Dec
Sep
74i4J'ly
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14 Oct
121
9
Nov
Apr
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25
28
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10
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4 May
184 Feb
95
57 4 Jan
39 's Feb
Nov
Nov 89»8Jan
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Mar
7 4 Nov 28
Jan
71 Oct 102 Feb
67 Oct 108 Feb
8O34 Oct 110 Jau
4934
Jan 14 50
15
6214
Jan
Feb
Jan
J'ne 2634 Jan
J'ly
2934 Jan
134 Jan
5 Apr
91 Aug 111 Jan
384 Oct S3 Jan
27 Aug 314 B^b
7 Sep 15 4 Feb
197
J'ly
Jan 21
Jan 15
-20
4 Oct
Oct
5
J'ly 19
•2',6'l4
5
223
138
30
9
Aug
Jan
Jan
Jan
834 Jan
310 Feb
204 Feb
4334 Feb
8a'6 Eeb
190 Feb
2 4 Jan
139 Jau
20 Jan
534
Oct 127
6 4 Nov
33
10
15
t
34-''ly
115
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Jau
2 Dec
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3334 Oct
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6 Jan
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Sep
Api
Oct
18
J'ly 26
Feb 11
35
1338
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7
Mar
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14 4 Feb
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» t26'38Aug'.'6
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6'8-J'ly 25
200 20
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2,183
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25
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5
9
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31'eFeb
94 J'ly
1^-32
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37 J'ly 75 Feb
31 Nov 484 May
59 4 Oct 131'8 Jan
106 Oct 1184 Feb
2 Oct
6 Mar
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7
334 J'ly
50
Dec
3
434
31
54 Apr
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114 Feb
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294 Feb 2 16 J'ly 34 Feb
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15 103
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05 Apr 23 •09 J'ly 15 •OS Feb 10
5,382
70
Jan
84 Mar
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1,495
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10
7834 J'ly 19
1278 J'ly 18
63 4 J'ly 25
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25
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5434
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134
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Calumet
J'ly '04 Catalpa (Silver)
•
Last Sale 10
631-1
515
1
1224 Feb 24 13438 AuglO 10738 Oct 134V, Jau
568 122 4 Jan 5 1334 Aug2b 116 Aug 123 4 Dec
2,178 119^4 Feb 19 139^8 Aug 9 114 4 Oct 169 4 Feb
634 Oct
14^8 Feb
9 Feb 19 13i4Aug26
3,575
2,204 684 Jan 19 80 4 Aug25 66 Oct 79i4Jan
Am
520
Apr
Jan
Apr
8,690
25 2,255 75 Aug 3
Adventure Con
1
1
25 11,915 (i33i8Mar 8
14
15 AUouez
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5638
5738 Amalgamated CopperlOO 19,101 43
75 Mar21
75
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Feb
23
8
25
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&
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245
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134
20 1538 Feb 24
25
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'80
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Feb
2
25
1,565
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i
4
4
Last Sale 25
25
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12 14 123.
1234 Atlantic
25
114
2638 2614
26 '4 Bingham Con Min<&S 50
26
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64
64
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Nov 126 Jan
184 Nov l964Mar
160 Jau 170 Mar
270 Aug 286 Feb
131 J'ly 143 4 Feb
26 Oct 39 4 Jan
76 Dec 83 4 Jan
42 Mar 42 Mar
176 Apr .'6 173 4 May 180 Feb
24 Jan 21 17 Nov 373, Feb
80'4 Jan27
76 Dec 96 Jan
14 Jan 11
838 ^'o» 28»»Apr
196 Jan 2 tl8B4Ma) 226 Jan
163 4 Apr 7 161 '4 Dec 173 4 Mar
232 Apr21 220 Sep 232 Mar
207 Apr 21 196 Aug 212 4 Feb
804 Feb 1 74 J'ly 91 Mar
75 Jan 13 68 Sep 85 Jan
39 Jan 20 30 J'ly 71 Jan
7 J'ly 25 Jan
42 Feb 3 75 Jau 843, Jan
954 J'ly 8 91 4 Oct 104 4 Jan
65 Jan 6
6634 Aug 104 4 Jan
10038 Aug25
95 V, Aug23 83 4 Oct 95 Jan
168 Apr 21 zl62 Sep 178 Feb
93 Marl6 87 4 Aug 97 Feb
1131s Apr26 108 Sep 116 Feb
174 Feb 26 15 4 Nov 2638 Jan
40 14 J'ly 18 38 1« J'ly 52 Jan
144 Sep 150 Jan
145 Jan
itlining
••80
ll^s
53'e
Aug 89^8 Jan
Aug 103i4Jan
J'ne 195
J'ue 177
Jaul:i 170
Apr 23 290
Jan 26 133
301
146
li24 4Janli1 84 4MaylLi
1 62 4 Jan
4
285 J'ne 10
2
Apr 7
1 41
47 Aug2.''
83 Augl8
HigKttl
J'ue 262 4 Feb
Aug 154 Jan
152 4 J'ly 25 134
240 Apr 23 230
1694J'ly 13 161
31a
iifi^ 1173,
1134 113,
10134 102
5414
Aug2 i 85
Apr25 244
Last Sale ?4
3 4 Mar28
37eS'«l'16
J'ne'04 Boston Land
10
Last Salt 118
1124Janl5 118 Aug
Aug'04 Ciiraberl Telep <fc Tel 100
11
11
•104
10
12
7Vi J'nel3 12 May
11 V Dominion Iron & St
1,4*0
512 53,
•54 534
*5ia
53, Eiast Boston Land
534
10
54 Jan 23 638 Apr 14
534
262 264 265 266 260
*261 263
81 230 Feb26 265 Aug22
263 Edison Elec lltum...lOO
189 al51 J'ne2'J 1784 Jan 2:i
163 1641a 164 16413 163 164
1644 1644 General Electric
100
43 14
43 14
43
4338 4314
434 Mass'chusettsGasCoslOO 3,078 3738 Maris 4414 Augl8
431a 43 \
83 14
83^8 83^8
83^8 33^8
83 4 83 4
632 7734 Marl 4 84'4 A.iglo
83 V
Do pref
100
185 186 185 186 185 186 185
9^ 173 J'ne 2 185^8 Aug22
186 Meryentlialer Liuc.lOO
•lis
13*.
-lis
lift Apr 30
2
Jan 25
lis
25
138
'l-s
13e
1% Mexican Telephone.. 30
12334
12334 12334 124 124
124
124
266 118 Feb 23 127 Apr 16
124 N E Telephone
lOo
Last
Marl4 4 Jan 28
1
1
Aug'04 PlantCom t'st stk comlOO
Last Sale 10
10 Mar2* 17 J'ly 1
Aug'04
Do pref
100
21734 218
115 208 Maris 223 J'ly 13
217 218 •217 218
218
218 Pullman Co
100
102
105
I4I4
Lowest
Jfighest
Uailronda
814 Atch Top A Saula FelOO
. .
185
1"^,
58
Aug. 25
Hange lor JPrevioui
Year(lU03)
Jiange /or Year
Sales
of
249
76
•70
STOCKS
BOSTON STOCK
fYiday
Aug. 28
--J
265
1641a 164 la
123 V, 123^4
•216
-J
i'ricen
Wednetday
Aug. 24
80 'e
81 Vi 81 "a
Marl4
1,645, 64
98
98
99-\
98 '4
Do i)ref
100
63 88 Jan 7
'24rtia249
249
248 4 249 4 Boston & Albany
100
21 ^3934 J'ue 7
160 ISO's 150»4 laO'e 1501a 150 la ISO 'H 151
151
l.ll
Boston Klevated
100
230 zl37 Feb 6
Aa«J .lalt 23?
Aug'04 Boston* Lowell
Zal 240 •237 240 •238 240
100
230 Marll
16lialC2
160 162
161 162
161
160 161
1614 Boston & Maine
114 158 Aug 3
100
167 167
167
Do prof
10 166 Apr 1
100
300
300 300
300 ....
300
300
Bo.ston & Providence 100
Feb 24
4 295
140 143
140 143
140 141
Cliic June Ry & U 8 V 1 00
58 136 J'nelo
1234,12313 1231312315
Do pref
60 rll«4 J'nelS
100
Last Salt 181^ .\ug'04 Con & Mont Glass 4 100
181 ...
181
181
180 J'neU
hast Sale 162
Aug'l»4 Conn A Pass Riv pref 100
160
160 Apr 6
'285
Last Salt i?.sa4 J'ly'04 Connecticut River... 100
276 Jan 2'
•137 1371a 137 13713 137 4 137 4 Fitchburg pref
137 137
137 137
11 133 J'ne 6
100
*43ia 46
•46
45
46
47
47
47 Ga Ry& Electric... 100
46
451a
300 2414 Jan 2
»
82
83
83
83
83
83
83
83
SS
320
Do pref
73 Jan 27
100
Last Salt 42
Mar'03 Houston El'trlc com. 100
Latl Sale 172^ J'ly'04 Maine Central
170 J'ne 7
100
16V, 151a
1413 li\ 1334
15
151,
15
15
154 Mass Electric Cos
100 2,922 14 4Aug25
63 14 63 4
6213 631a
62
62
63
63 V
64
64
Do pref
100 1,569 60 Aug20
•Uia 121a •Ilia 121a •Ilia 121a Ilia VI \
1218
12 V Mexican Central
10
5 Apr 25
100
18918190
190 190
189 la 190
190
190 N Y N H & Hart.. ..100
350 185 4May25
1891a 190
160 160
160
169 159
14 159 Aug24
Northern
N
H
100
Last Sale 227'" Aug'04 Norwich <fe Wor preflOO
225 ....
222 Jan 29
'203
204 205
204 205
203 205 203
J'nel3
2 198
Old Colony
100
•74
•74
•74
74 76 74
76
76
74
25 74 J'ly 26
76 Pere Marquette
100
•69
•69
69
•69
70
69
69
70
100 68 Marl 7
Do pref
100
"32"
29
•29
32
32
32
32
105 29 Aug 12
291a 29% 29
Rutland pref
100
Last Salt 15\ Oct '03 Savannah Elec com.. 100
Last Sale 42
Feb '04 Seattle Electric
40 Jan 15
100
•94
•94
•94
95
95
95
95
94
95
95
87 I4 May26
Do pref
100
•50
•50
•50
Last Sate 65
63
63
63
65 Jan 6
Jan '04 Terre Haute Elec. ..100
•'8
9938 10036
9838 99 14
99 V,
99
99
loo's Union Pacific
991a 1001,
100 3,974 7138Marl4
•9434 95 14
951,
95
94 4
94 4
46 86V» Mar 1
941a 941a 9434 95
Do pref
100
166 165
Mayl6
1 160
Vermont & Mass
100
91 1« 91 12
9134 92
92
83 89 Jan 4
911a 911a -911a 921a
92 4 West End St
50
111 112
'111
112 111
112 112
111 112
112
3 108 Jan 4
Do pref
60
Last Sale
16'4J'ly27
Aug'04 Wisconsin Central... 100
Last Sale 37\ Aug'04
37 4 J'ly 27
Do pref
100
Last Sale 145
145 149 •145 149
.149
145 Jan 7
Aug' 04 Wore Nash* Roch..lOO
79',
•98
263
263
•1»8
'J2
248i-j24.'S'-j
8V2
•117VJ1173,
9
9
•
Aug.
Per Centum
Wa
14^2
•
-
Ttiesdav
'
I23>al23>2
•181 ...
•282
137
•44
•82
Monday
Weekly and Yearly
Record, Daily,
2 4 J'ly 15
9I4 Jau lb
•75
1
7
Dec
fAss'tpaid. *Ei-rights. aEx-div.<fc rights
6
Aug.
1'
Boston Bond Becord.
27, 1904.]
50;
Range or
Last Sale
Ask Low
99
Bell Telephone 4s.... 1908 J-J
<fe
.
J-J
F-A
9979 Jan '02
112'^ Jan '03
112>8 Apr '04
101 Apr '04
9934 J'ly'04
100
128
117 "4
80
100
107
A-0
M-N I2918.
113
J-D
.
7934.
A-O
A-O 100
M-N
F-A
100»4
.
M-N
MS
93hi.
A-O
107
98 V) Sale
J-J
J-J
125>2
126'9
J-J
Fltchburg48
108
106
lOSi^
FremtElk<feMoVlst68..1933 A-O
1933 A-O
Unstamped Ist 6s
Gt Nor C B & Q coU tr 48 1921 J-J
Registered 48
1921 Q.J
Apr '04
101
98
Aug'04
1061a Aug'04
104 J'ly '04
137i<j
137>2
96^2 Sale
Monday
Saturday
Aug. 20
84
79%
84%
791.
84
845?
•84*8
11
11*,
12
12%
12%
12*.
20%
20*4
22% 23
23
24
8%
•8
48*4 49%
19=8 i9\
ViK,
27*,
27->b
•4'J
*35*4
42
.m^
i-j
64% 54%
8814 88%
49*.
•19% 19*^
7*4
8
9*8
9*fc
30
80
39
61% Ol'^H 61%
39% 39% 40
•12%
•48*4
19«8
9%
9%
G-f
49%
4%
914
6*8
8
4%
»%
39%
8
4%
10
30
10
30
30
80
39%
79*4
79*4
39
39 '4
3%
3%
62
61*4
62%
40
40
4038
C7i6
67,8
6'ie
'12
% 1312
27% 28 1^
41 41%
"36
36%
54% 54 14
89
19%
89*^
*12% 13 4
4%
4%
•9%
9*8
9%
Ask
&
Amer
10
Iron
Sieel
50
Bell Telephone
50
Oanibria Iron
50
Central Coal
Coke. 100
"47%
&
60
47%
Prefened
Consol Trac
Diamond State
Eastou
,
_
(;on Electric... 60
Kleo Storage Batt
100
Pref erietl
100
Geruiuuiowu Pass
60
Harrison Bros pref... 100
Indianapolis St
100
Inter Sill Pow<feChem.50
Keystone Telephone ..50
61
IV'f
18'
Plilla
Co
(Pitts) j)ref...50
Phil German <fe Norris.SO
Phila Traction
50
Bailwavs General
10
Husqueh Iron
Steel..
Tidewater Steel
10
Preferred
10
&
United N J RRdfcC.lOO
Unit Pow <fe Trans. ...25
United 'I'rac Pitts
60
PrefeiTed
Westniorelnnd Coal... 50
*
S/
9038
92
30
61% 62%
39*4 40%
6% 6%
62%
629i6
40
40
39*8
6%
13',
291.
28%
42% 42%
36% 36 ^
65
55%
89% 89 4/
FUII.AUEI.PI1IA
lioncls
ext 78 1910
A-O
AmRysconv53 1911. J-D
Atl City Ist 5s g '19. M-N
Balls Ter 1st 58 1926. J-D
Berg&EBrw Isl 68'21 J-J
Indianapolis Ry 48.1933
Interstate Rys—
F-A
3-3%-48 1943
M 4%8 g.l924-yK
Annuity 6s
JD
Leh V Trac Ist 48 '29- J-I)
Nat Asphalt 5« re
New Con Gas 58 1948 J-I)
Income 48 1939. ..M-N
99
1%
1
"8
%
4
1
4%
267
No Penn
Ist 4h '36..
MN
M-S
Deben 6s 1905
Penn gen Os r 1910. .Var
Consol 6s c 1905.. -Var
Consol 58 r 1919.. .Var
Penn & .Md Steel con (!s
Pact N Y Can 78 '06. J-D
Con 58 1939
A-U
Con 48 1939
A-O
Penn Steel l8t 5s '17
People's Tr tr certs 48 '43
PColstAcoltr5s'49 MS
MN
3%
60%
80
all
Bid ana aaked prices; no sales on thi3 day.
||
Lowest
"
82
84*4
13*4
106% Sale 106%
10034 101
26
48%
19%
IOII4.
100*4
.
*30
80
7%
6^8
J'ne'03
102% 102%
93% 97%
101*4 102
1013,
Aug'04
103
102
Apr '04
106% Mar'03
101% 101«8
101% 102%
100*4
100*4 101*1,
102% 104%
100*4
F
104% J'ne'04
J
101%J'ne'04
101%101%
F
121
120% 121
103% 103%
J
104% 104%
J'ly '04
103% Aug'04
IO314.
J
J
J
85
M
J
M
M
M
F
M
M
Mar'02
102
92
103
107
93
10234 104
F
Apr '04
Apr '04
10534
105%May'04
102 14
102*4 Apr'03
102%
102% J'ly '04
J
10134 102
102
10
112
J
71*9 72%
102 102*4
105%105%
101*4
112=8 Apr'04
Range
11258 112
Trust Co.
H
102%
93%102%
102
and asked.
103
94
100% 113
87% J'ly '01
J
103%
100»8 103
103
Aug'04
72i4May'04
102 J'ly '04
107
F
92
92
100
103
Feb'03
102 Kg
103
107%.
ctfs.
Weekly, Yearly
Range
tor Year
tor Previous
Year(WU3)
19U4
Week
Shares
Lowest
100 1,169
50
442
100 17,232
100 6,907
172
Electric. 50
57% Jan
Highest
J'ne 2
7 J'ne21
1334 J'ne21
534 J'ne
58% Dec 72% Jan
84% Oct 118 Jan
10*4 l>ec 28% Jan
Aug26
Apr 12
82
92
5
71
14% Aug25
26% AiigJG
8*8
1
Highest
Lowest
Oct
Oct
20
Jan 26
8
Jan
14% Jan
45
Pliilndelphia
49
1958
4 58
American Railways
50
Cambria Steel
50
Consol Lake SuperiorJ.lOO
Do
10(1
pref.l:
Electric
Co
of
America 10
Gen Asphalt interim
Do pref interim
10
31
ctfs..
ctfs..
Lenigh Coal & Nar
50
Lehigh Valley
50
Marsden Co
100
62% 62*8 Pennsylvania RR
50
39*4 39% Pluladelp'a Co (Pittsb) 50
638
Philadelphia Electric. 25
14 Phila Rapid Transit ... 50
14
29*18; ;9i*ie Reading
50
42
42
Do 1st pref
50
Do 2d pref
37% 37 14
50
Union Tracton
5:>%
50
89-4 HdU United Gas Impt
50
*18
23 WelsbachCo
100
39*8
*3*8
118
08% 70%
13
16%
61
103
103
J
14% Seaboard Air Line
2>.%
Do pref
4
9%
118
May'04
10134
J
101*4
101
120% 122
96% 95% Aug'04
A
91
J'ne'03
76
94
95%
104
102
118
102% Aug'04
F
122
120% Apr '04
13% Aug'04
6% May '04
A
A
A
100
110
106% 10ft %
Aug'04
101
128%
128
97
108
117
92
81
103
106'<j
61
J
Baltimore
Consolidated Gas
Northern Central
Ry&
"4
62
61
Sales
tlu
Stocks see below)
82
85
Migh.
96
97
9334 99
10334 AuB'04
of
(For Bonds and Inactive
Prida
Aug. 26
80
3;t*6
PHILADELPHIA
Dec 52% Jan
17% Nov j6*4 Jan
J'ne 3 49*4 Augl5
18% May25 21% Jan 23
% Muyl;; U58 Aug25
239
1*8 May 13 t8% J'ly lb
25
902
43
40*4
%Nov
,982
150
38
Augll
125
5% J'lyl5 13% Feb 8
185 20 AuglO 38% Feb 6
220
,208
200
,644
,t6w
,163
,091
,718
Feb
8
62% Jan
14
734
33*4
Feb
•>
2% Mar 3
55% Marl2
3758
5
8
MaylT
May2o
Jau 6
AuglO
4I16
Jan 25
62''ie
Aug25
47*4 Feb
9 Jan
Dec 17% Jan
Nov M' lie Jan
36 Sep 44iiiBFeb
27*4 Nov 40% Jan
40% Sep 47*4 Feb
76 Oct 116% Jan
Jau 22
Jan 13
tl5l4 Jan 21
19% .Mar 14
Mar 1
35
Oct
6"l8
5
7*4
18*4
Aug
20
Aue 31
29'-* 16
Aug-.i6
22
J'nelS
38
28
22
J'nel8
Jan
10% Jan
11 Deo
43
4 2 '2 AuglO
Marl4 37% Aug2li
,491 45*4 Jan 2 55*8 Aug26
,470 81 Mayl6 89*4 Jau 2-'
163
20"
O^ieJan
40*4
19 Nov 36 J'ly
Aug 79*4 Feb
t)4
34% Nov 45% Jan
4 Jan
1 % Sep
(>b'\ Nov 78*4 Jan
81% J'ue21
a, 39*8
Dec
7iiaOct
10 Dec
9*6
Mar
Bid Ask
Ask
BALTliUOltE
101% 101% Chas Ry G cfe El 5s '99 M-S 85
118%
66
66% Chart C & A ext 5s. '09 J-J 116
2d 78
1910 A-O 110
102 10_'% P <fe E gen M 6 g '20. A-O 116
GenM 48gl920..A&O 103%
110 111
City
Sub Ist 58. '22 J-D 113%
Ph & Read 2d 58 '33. A-O 127 128
100
;ity & Sub( Was) 1st 5s'48
••*•
92%
Con M 78 1911
102%
J-D 120 12034 Col &Grn V 1st 6s. 1916 J-J
115
Con M 68gl911....J-D 112%
Consol Gas 6s.. .1910 J-D 110%
Ex Imp M 48 g '47- A-O 106
1939 J-D 113*4
5s
Ask
Bid
Sid
Phil Elec gold trust ctfs.
Trust certifs 48
.
cfe
(
Con
108%
100'
M of '82 48
105
con 58 1930
S R E Side 48 interim ctfs
U Trac Ind gen 53' 19. J-J
Welsbach
115"
110
971,
97*4
Inactive
.'••toclis
102
109
IO9I4
llOSi IIII4
112
i'2i
l4:i% :44
68
Allan Coast LineRR lOo
Atlan CoastL (Conn)ioo
(;ant«n Co
100
(ieorgia Sou <fe Fla...lOO
l8t pref
100
2d pref
100
(i-BS Brewing
100
Mt Vernon Cot Duck
Unit Eleo L& P pref. 50
122
121
265
90
101*
Anac«8tia<fe Pot 58
Atl A Chl8t7...1907 J-J
102
91
110
114'
102
105S
114
99*4
-4
92>.j
Allan C L RR4hI952M-S
Atl Const L(Ct)clf8 6s J-D
(-•tfs of indeht 4s
J-J
Halt (• Pass 1st 6s 'J 1 M-N
Bait Kundg 5s. 1916 M-N
K X change 3 %8 1930 J J
l{elunding3%s 1952JJ
MallA PlsKisnil'll A-O
Biilt Traclst 5s.. '29 M-N
No Bait Div 5s 1942 J D
Convertible 5s. '0(5 M-N
Cent'l Ry con .>« 1932 M-N
Kxlcfe Imp
110\ 1:0% ChasClty Uv
i'o''2%
U ex^livldend.
^ Us-rlgUts.
r>8.1932
MS
Ist ..s'23 J-J
fipiOpaid.
GaSo & ! ... St 58 1945J-J
G-B-SBrew3 •;»i951M-S
1
2d income 58 1951
t
Npt N&O P
M-N
Ist 68'38
M-N
107
110
112
122%
......
11414
54%
64
68
6
3
7
3%
36%
37
1-J
68 1904
J-J
Series A 68 1926
1-l
Series B 58 1926
Pitt Uu Trac 68 1997. J -J
Polo Val Ist 5s 1941.. J -J
.SecAvT(Pitt8)58'34
J-I)
107
Sav Fla&West5s'34 A-O
Seaboard A L4s 1950 A-O
Seab ife Roan 5a 1926. J J
10(1% 101
Soutli noiiiid Ist 5a..A()
120
94
123
"a
96
106*4
U Kl LAP Ist 4%s'29 M-N
Un Ry<feKl lst4»'49 M-S
ID
Income 4s 1949
Va Mid 1st 6a 1906. .MS
2il
series Gs 19 11...
MS
3d series 6s 19 16.. M-S
4
120
114
lc5
spr3.4-5sl921.M-S
6lh series
113
101%
til
Va
106
12(.%
69
69*4
19%
20
St 1st 5s '44- -J-J
North Cent 4 %s 1925 A-O
96
.
1911 M-S
Generates
262% Norfolk
95
Bonds
108
6s. ..'22 J-J
lucjomes
Atlanta* Charlotte.. 100
51%
Georgia " 1st
MetSt(Wa8h)l8l58'25FA
Mt Ver Cot Duck Ist 5s-
BALTiniOKE
85
Alalstcon 5s '45 J -J
GaCar<feNl8t5sg'29J-J
Knoxv Trac 1st 5s '28 A-O
LakeR El 1st gu58'42M-S
5s '97 J-J
58 1930. J-D
s f
.
Ga<S;
123*4 12434
tr 48 '21. J-J
U Trac Pit gen
84
'37. J-J
Terminal 58 g 1941. Q-F
W& B col
Rochester Ry
P
M-S
J-I)
Sale
Daily,
7
Newark Pass con js 1930
76% 80
44
44% NYPIi<&Nol»t4s'39J-J
'98%
No price
,
91
Exchanges— Stock Record,
9%
81
94%
latest bid
7
6"l8
1358
Boston Bonds.
Sale
B^riday
9%
2d 7s 1910
Consol 6s 1923
102% 103 Sj
137
91.
V C l8t58 g '33.. J-J
LehV ext 48 Ist 1948. J-D
2
78
lOOialOlia
95
98
1051a 109
104 104=8
102ial03
8
4«8
Leh
.50
Warwick Iron* Steel. lo
West Jersey & SpaMli.50
123'al24'a
100 104 la
1051310734
*9%
30
Gen
62
981a
12434 1251a
48*.
195,
Lehigh Nav 4%s 14.Q J
RRs 4s g
1914. y-K
Prererred
50
KeyrttoneWatchCase.lOO
Lit Brothers
10
Little Schuylkill
50
Mlnehill & Schuyl H..50
NeHfiiichoning
50
N ilaveu Iron & Steel..')
Nortli Pennsylvania.. 60
Penii Gas Coal
50
Pennsylvania Salt
60
Pennsylvania Steel.. 100
Preferred
lOO
97
Che&DCan l8t5s'16JJ
Choc & Me Ist 68 1949 J-J 110
Ch Ok & G gen 5s '19 J-J 107%
Col St Ry 1st con 6s 1932
ConTracof N J Ist 58. '33
E & A Ist M 5s 1920 M-N 111%
Elec <& Peo Tr stk tr ctfs 100 'a
Elm& WU Ist 6s '10. J -J 1()S
Eq II Gas-L 1st g 5s 1928 107*4
H & B Top con 5s '25 A-O 105
Steel..
Preferred
1063f> 10734
48*4
19'8
4«8
7lBie
Bethle Steel 6s 1998. Q-F
100
Pitts
60
Preferred
60
Danville Bessemer... 1%
NY&N
9812
98Vj
1929
1906
1907
1908
1915
1905
Engl8t7s
1906
Ist 68
1924
Old Colony gold 48
Oreg Ry <fc Nav con g 4s.. 1946
1922
OregShLlne Ist g 6s
Repub Valley Ist s f 6s... 1919
gen
4%8.1941
Rutland l8t con
Rutland-Canadian Ist 481949
Savannah Elec 1st cons 58.1 952
1930
Seattle Elec 1st g 58
1918
Torrington Ist g 5s
Union Pao BR&lgr g48.1947
1911
Ist lienconv 4s
U nited Fruit conv gen 58. 191
U S Steel Corp 10-60 yr 6s. 1963
1916
West End Street Ry 48
1914
Gold4%s
191
Gold debenture 48
1917
Gold 48
Western Teleph * Tel 58.1932
Wisconsin Cent let gen 4sl949
Wisconsin Valley 1st 7s.. 1909
68 ...°.
6s
68
United
80% *80
39% 39% 39%
Al Val E
6%
84 »e
13% 14%
24% 26%
122
Ist 78. .1907
Id grist 7s. ..1905
Maine Cent cons Ist 78.. .1912
1912
Cons 1st 48
Mara Hough <feOnt 1st 68. 1925
cons
4s.. 19 11
Mexican Central
Jan 1939 J'ly
Ist cons inc 3s
Jan
1939 J'ly
2d cons ino 38
Mich Telep cons 58 tr rec.1929 J ~
ACTIVE STOCKS
80% 81%
84%
80
Inactive Slockit
American Cemeut
105
99>4l00
purchase price for
9',
13
13
7«i8 2S5ie 271*18 287ie
•41
41'.,
42
42
'35*4 36
*35% 36
54% 54*8 54% 54%
89
89*4 89*4
8i"58
Bid
i'Hii..Ani':i.i>iiiA
104
*7''8---
81.
19*4
4*!-
80
48
84*8
1928
1934
1934
Assented income 58
5sl929
Kan C & M Ry & Brlst
New EngCot Yam 5s
New EngTeleph 6s
98%
96%
Thursday
Aug. 25
108
Minne Gen Elec con g 58 1929
90
80%
84%
12% 13%
24% 24%
80
84%
49
4*8
38*4
*7*4
128
96*8
96>4
Wednesday
Aug. S4
80
49
19*4
461a
••79
8%
>
128
Her Centum Prices
Tuesday
Aug. a'3
Aug. 22
79% 79%
1"
—Not
9934
1371a
Philadelphia and Baltimore Stock
8iinre PriceM
99
137
137
NOTB— Buyer pays accrued Interest In addition to the
Kan C
Kan C
Kan C Ft Scott & M 6s
KanCMcS; B gen 48
LR&FtSm
113
102
112
101
IZT^ Aug'04
137 Feb '04
96\t
96>4
Ist 78. .1917
Clin& Spr Ist 5s... 1925
Ft S«S; Gulf Ist 78.. 1908
1
Low
Hiafi
97 J'ly '04
99 J'ly '04
128%J'ue'()4
97%J'ly'()4
109 J'ly '04
122
122
95 Aug'04
91
91
& Sioux C
KanCStJo&CB
90 »8 94
102^2 Apr '04
111>4 May'02
1927 M-S
48
m" il7"
100>4 10014
Aug'04
109 »4 Mar'02
II2I4 Jan '03
OS's
110
110
Jan '04
Feb '04
10734
10734
9759] 02 Sg
87
95 14
Apr '04
94
deben 53
1910
Non-conveitdeben 58. ..1913
Illinois Steel
la Falls
Since
January
Last Sale
Ask Low
\Bid
97 "r;
78
81
99VjlOO
107 1« Aug'04
9812
98 Wi
125 12 J'ly '04
12310 Apr '04
104 >ii 104 Hi
104
A-O
MS
M-8
1915 MS
J'!y'04
94
1927 A-O
W
Feb '04
Feb '03
9SHj Mar'04
J-J
Ist 4s... 1946
Rap<fe
1913
Dominion Coal Ist 6s
1906
Eastern 1 st gold 68
9934
973i
88I4
J'ne'Ol
105 J'ne'04
100 J'ne'o4
106 >4 Dec '02
"d9K.
& No Mich 1st gu 5s. 1931 M-N
ChicA WMich gen 58.... 1921 J-D
Concord & Mont cons 48.. 1920 J-D
Conn* Pass R 1st g 48... 1943 A-O
DetGr
Low High,
Mar'03
101
112
Chic
Current River 1st 58
Aug'04
110 Feb '04
104 "a Apr '00
117 Feb '04
FA
P "Wis V div 681920
St
<ft
95'^4
M-N
B&
M
94 la
J-D
Sinking tnncl 48....
Butte & Boston l8t 6s ..1917
Cedar Rap & Mo B Ist 78.1916
1909
2(178
Cent Verint Ist g 48.. May 1920
48.1905
extend
Burl
<fe
Q
Chic
1919
lowaDiv Ist 58
1919
lowaDiv Ist 48
1913
Debenture 58
1922
Denver Exten48
1927
Nebraska Eiten 48
1921
SW8l'48
1949
Illinois Div 3 "izs
Joint bonds See Gt Northern
Chic Jo Ry<fe Stk Yds 68. 1915
Coll trust refunding g 481940
Ch Mil <fe St P Dub D 68.. 1920
Ch
lOmAug'Oi
101^4 102
1918 J-J
1918 J-J
1910 J-J
Bur & Mo Riv ex 68
Non-exempt 68
99 H;
97 \
!HI>a
97
M
Improvement 48..... -..1905
Bost& Mon 3d issue 7s... 1904
Boston Terminal Ist 3'<28.1947
High
Range
Range or
Friday
Avg 26
So"
s-w
Week's
Price
BOSTON STOCK EXCH'GE
WEEK ENDINO AUGUST 26
January 1
llSHjFeb'O?
Nov
M-S
Artlustment g 4s.... J'Jy 1995
Boston Elect Light 1st bs. 1908
Consol 5s
l;'f|
190/
Boston* Lowell 48
J 944
Boston & Maine 4 'as
Sale
"2
97% Sale
1929 J-J
coll tr 4s.
Tal
Atch &. Nebraska 1st 7s.. 1908 MS
Atch Top & S Fe gen g 48. 1995 A-O
=5>:
777
BONDS
Jiange
Since
lYidav
Aug 26
Bid
Am Telep
Week's
Price
BOSTON STOCK EXCH'GE
Week Ending August 26
Am
1
.'>s
(SiMie) 3s
1926.
new
M-S
il2%
113
113% 117
113
"si'p
fS
93
47
88*4
%
47%
93
113
116%
112%
112%
95*4
'32. J-J
Funddel)t2 38 1991.JJ
West N c; c<in 6h 1914 J-.I
Wes \*a CA Plat Gg' 1 1 J J
Wil & Weld 58.. 1936. J-J
82
96*4
111%
115
Iteorgaalzatlon oertLUoatos 93 aasesament paid.
»
,
——
—D
.
[You
THE CHRONICLE.
778
SecuriticH
<Jn!«
Volume
ot
Busiae3s at Stock Exchanges
NEW YORK
THAMttACTlUNa AT THK
DAILY. WKICKLY
i
Hudson Co
Railroad
'id
WU4
Par value
Shares
Btate
<tc
Bonds
Bonds
Bonds
2r.iM:i7
$24,881,700
$1,203,000
Monday
474,557
44.725,'2UO
2,1187,500
$35,000
22.000
TuoHdiiy
502,!187
487,t)S8
55ii.Sn6
492, yb5
48,20 l.S.iO
2,122,500
44.1100
S3,S0()
45,(18^,800
49,50!),60
2,6il7,.")0U
2.1)011,1100
17,500
300
Saturday
...
Wednesday.
Thursilay...
Total.
40,957.850
2,599,000
6,000
5,01.10
$13,214,500
$151,500
$8, GOO
Week ending Aug 28
tiaUs at
Hiock
1903
—
ll0,S25.7(i7
1,3->3,0:!S
73,714.561
2,781,520
StocKa M o. 8 liares
*259.306.O0O $125,861,850 *6,853,l:f 1.775 $10,372.94H,400
Par value
$434,050
i447,2U0
$1,500
$11,900
Bank shares, par..
BONDS
Gk)V6rument bonds
State bonds
BB. and mis. bonds
6,246.900
$13,374,600
Total bond.s
A-O
97
H & Pow—
A-O }100
Tclesrr
421,343,200
440,386,500
BellTelephof Hii Halo 100
^Central <fe So Amur. 100
J-J
100
100
Franklin
Saturday
MoDiluy
Tue.sday
WedncHday
Thursday
Friday
Total.
Philadelphia
1|Gold(fc
114 428,
Listed
sliaref
Bond
Unlisted
shares
1,03S
4,709
9.642
2,h99
9.1^5
10,019
6,264
9.737
12.468
15,777
25,402
20,869
4,232
$13,000
66,500
52,500
67,500
51,100
27,000
63,292
$181,600|
90,517
26.0S9
$277,600
11.841
10,200
2ii,478
39,.i43
125,660
3.2.55
8.812,
2,66.t
Y&N J
UN
sales
$13,500
20,000
31,000
75,000
19.000
23,000
7,988
11.617
14,924
25.310
89
104
30
104
180
115
78
47
118
Teleph...lOO
(^
100
U uited E lectric of N J 1 00
J-D
48 1949
Preferred
Outside Securities
Weekly Review oi Outside Market will be found on a preceding page.
A
Streel KaiUvays
NKW VOKK CITY
BleeckSlcfeFulFstklOO 32
94
Hist mort 4s 1950 ..J-J
TIB'y&7lh Avestk ..100 240
104
112d mort 58 1914 ...J-J
Street Kail^vays
Lake St (Chic) El stk. 100
J-J
Ist 53 1928
Ask
^^^
34
97
245
TILouiav St6sl930..J<S;J
Lynn<fe Bos Ist 68 '24. J.
107
100
100
New on BysCo
Con 5s 1943 See Stock Excli list
B'waySurllstSsgu 1924 ^108 110
2d 58 iut as rental 1905
flceul'lcrosst'u8tk..l00
lIlstM 68 1922 ...M-N
11CeuPkN<fe Eit stk.lOO
Prelerretl
Dry D E B
& B—
let 58
iflst gold 58 1932... J-D
ilseriy 58 1914 ....F-A
HEighth Avenuest...lOO
flScrip 68 1914. ...F-A
1l42d&GrStF'y8tk..lOO
42dSt M <fc StN AV..100
1]l8t mort 68 1910 .M-b
lt2d income 68 1915 J-J
InterboroughKapTr.lOO
Lex AT
dc
1st 48 1948
Cons Ti ac of
Pa.v
110
99't2
390
105
390
60
101
Stk E
Stk E
185
205
J-D
1933
1
405
106
405
70
48 g 1949
80 J Gaa El
85
1474; U8\i
F6s 6eeSt k Exc
J..- 100
New'k Pas By 58'30J-J
Or & No-w 81 6s '05 A-O
Essex Pas 63 1905 M-N
Bapid Tran St By.. 100
A-O
Ist 58 1921
J C Hob&Patersonloo
112
lOihi 107
80
N
M-N
list
&
M.N
Trao 100
9i^ 96
n3'4 114
112
Hi
11442
9*.
ID'S
31
76
29'.
74>i
72
95
52
19
521;;
72^2
69
Hi
21
73
70
10842 109
114
noo 101
ilOO 101
110
7242
91
M-S noo
<iug5s 1953
No Hud Co By 68' 14 J-J
m2
73
93
101
W
X Ust
X list
M
Atlan Ave 53 1909.. A-O n02
A-O 110
Con Sag 1931
Imut 5s See Stock Exc h list
E68 1933..A-U 100
B
Brooklyn City slock... 10 236
Con OB See Stock Excli list
Bkln Crosstn 58 1908. J -J 102
Bkn Hgtsl8l58 1941 A-U 105
B& W
Bkln QCo& Sub iS'ee Stk Exch
Bklyu Bap i'ran See Stk Exch
liUouey l8. <& Bklyn ..lou
Isi cons g 48 1948. .J-J
Brk C <fe N 6a 1939.J-J
GrSt»S!Newl8t58'06F-A
Gr'pl dfcLorimer St Ist 6«
Co. Elevated—
iBl 48 1949 See Stock
100
Nassau Elec prer
;^30
Gas Securities
NEW YORK
Cent Union Uas Ist os... no? 42 109
Con Gas (N Y) stk. 6ee St k Exc li Ust
Conv deb 68 ctfs AeeStk Exch Ust
EquitGascon5sl932 See stk E lisl
lIMutual Gas
100 290 310
New Amsterdam Gas
239
106
list
list
1st consol 6s 1948. .J-J
NYG EL H<feP
350
NY&
114
Kings
6s 1944
A-O
Exch
N
ll.Staudard
list
76
llOi-i
11
Gas com ..loo
Preferred
100
M-N
1st 5s 1930
112
See S\ k Exc U
Wb'g<te Flat latex 4 hiS 101
Steinvray 1st 63 1922. J-J
I8t4sl951
Stock
East Uiver Gas—
1st 53 1944
J-J
Consol 5s 1945
J-J
N Y <fc Biclimond Gas.lOO
Nor Un Ist 58 1927. M-i\
10014 101
111
100
102
6'e«
list
ml
OTHRR
CITIES
Amer Light &
Tract. 100
I
Bayer pays aoaru«d interest,
t
Prlue per
sluure.
t
Beduced
LE
Preferred
Seaboard Air Line
Colnrr)sl907 OP...M.S
SouiU Pac pref (w i) .100
Va
&
Soiitliwe,sieru..lOO
Wabasli Pitts
Term Ky—
latg4s.luuell954.J-D
2dg48Juuo 1 1954
industrial and lUiscel
Alliance Realty
100
UAUis-Clialmera
100
100
liPrelerred
llAmer Bank Not* Co. 60
American Can com... 100
Preferred
100
American Chicle Co. .100
Preferred
100
94
28
88
90
a
Camden Land
I
Co
Ex rigbts. «Ex (U7,
M sells
..lOo
100
Preferred
MN
60
t
3^4
3H
Construe. pflOO
Monongahela B Coal. .50
50'
Preferred
Mont & Boston Consol .5 t
Mosler Safe Co
100
UNat Enam & Stamp 100
100
UPreferred
100
National suretv
20
llNew Central Coal
1911.
M-S
Biscuit
Y
63
742
9
Mex Nat
'
20
1024
NYMtge&Secuiity.lOO
IJNew York Dock ....100
73*
1
3'4
1
993t nontario SUver
Otis Elevator coin
139
Preferred
iVe
4518
93
96
86
"4
100
100
100
33
36
97
14
16
23<^
44^4
26\
44a(.
5742
99
129
105
61
184
136
107
63
76
150
30
400
20
110
5
126
6^
4.
26
24
73 4; 76
624 627
^16
Exc
K
72
14
Tonapah
Mm (Nevada).
1
t
I0l>f
30
90
Preferred
new
100
65
83
USCottonDuck
ll',J
l"*
8>«
74j
3
6
7'J
20
76
u S Envelope com. ..100
loo
UPreferred
US
U
Be-all y<&
Imp
Preferred{w
^
Exch
«e? St' k
S Shipbuilding (w
43
i)
6certif8
U S Steel Corp new 5s
list
7
I)...
-'•*';•!
Stk
i'ee
k.
X Ust
ColtrsI5s'51opt '11 .. ni8'4 109
ColtrsfSs'ol not opt. n08'« 109
Universal Fire Ex t'r. 100
Universal Tobacco. ..loo
100
Preferred
Westchester <fc Bronx
Title* iMort Guar Co.
Westingh Air Brake. .50
White linob Mining. 10
b
%
2
7
1
5
150
130»4 13S
130
1
,
111
1
100
100
Preferred
'^0
1
'e
)
Unit Box boanlA Pap. 100
75
120
150
145
360
121
112
10
86
76
80
loo 109
lOo 109
Istpreferred
2d preferred
342
1442
8<«
7'.2
80
Trow
Directory new. .100
10
Union Copper
Union Typewr com. .100
.
110
466
150
6
TreutouPotleriescomlOO
170
500
138
32
H
h'ge
I
4
:
187
I3S
2,'«
let58 1910-1914. ...JJ 4101
27
25
Tennessee Copper
76
UTexascfePacibc Coal 100
A-O ilOo
1st 6s 1908
460
Title Guar &'IYn8t... 100
Title Ins Co of N Y..100 140
103
100
20
734
3
434
94
5s
SUndard Oil of N J.. 100
Storage Power
50
Swift ifc Co See Boston St
48
4-2
100
N Y Transportation... 20
Nor Am Lura'r & Pulp 00
he
2
I '8
14 42 15
81
73
116
44
42
105
116 125"
N
28
100 112 114
14
18
Cent Fireworks com. 100
65
60
Preferred
100
Foundry
100
Central
l»b
I's
9
934
100
Preferred
51
54
Deb 6s 1919 op 'OlSI-N
100 105 115
Century Realty
Ciiesebrough .MfgCo 100 400 440
Vti
96
HClalllDCH B)l8tpref 100
90
95
100
H 2d preferred
90
95
100
llcoinmon
Celluloid
JD
9
35
nOiiH? 101i»
1"*
11
t
190
180
310 330
102 104
115
25 >i
25
70
(39 42
20
10
132
103 !» 10418 Phoenix Mining
1
2
Pittsburg Brewing
50
2'e
33
35
50
Preferred
t
70
75
Pittsburg Coal
100
t
lOO
Preferred
95 42 96
Pratt <fe Whitn pref.. 100
II3I4 1134j Bealty Assoc (Bklyn)lOO
36
Boyal Bak Powd pref.lOO
BusseU & Erwin
25
85
Safety Car Heat <fe Lt 10()
Seminole Mimug
5
Smipson Crawford Co 100
Deb 8 168 '24 op '05. .J-J
90 100
100
Singer Mfg Co
1042 12
Standard (jonplercomlor
47
lOi
60
Preferred
64 Hi
Standard Milling Co. 100
434
100
44i
Preferred
t
4U
107
—
—
100
Madison Sf) Garden.. 100
2d 6a 1919
Manhattan Transit
20
90
81'e
2
15
35
27
1
SUver.lOO
Mackav Comiianies
10
109
83
^
92 >•
82 >i
104
20
Lanston Monotype
Lawyers Jlort Insur.lOO
Lawyers' Title Ins. ..100
Lord & Taylor pref ..100
HLonllard (P) pref ...100
list
AmMaUini;6s 1914. J-U 102
Amer Press Assoc'n.lOO 90
Amer ShipbuUtUng...loo 19
Am Soda
}92
70
8
15
26
30
30
4U
100
-2
6100
2d preferred
Uoboken l.and& ImplOO 200
M.N {102 105
115s 1910
IK 3
loo
Houston Oil
14
18
Preferred
loo
90
100
Had.son Realty
14-^11 nternat 'IBank 111 gCol 00
434
5
Int'n'l Merc Marine. 100
18
100
Preferred
\^'*
60
75
Col tr deb 4 '-2l922op'0
20
22
International Salt
100
55
67
Ist g 5s 1951
71*4 luternational
Foun (iom..lOO
67
100
1st preferred
11
100
2d preferred
Exch list
American surety
60 160
Amer Tobacco com... 50 250
erred
ni2 114
100 136
II Pref
no8 no Am Typelo're <^om...lOO 29
87 Hi
35
Preferred
100
3'.
no3 106 Amer Writing Paper. 100
13 42
130 150
Preferred
100
155 17')
JJ 744i
6s 1919
ni04i II2I3 llBarney&Sm Car ...100
100 no
llPreferreil
50 130
Bliss Company com
6034 62
Prelerri,'d
60 130
100 345
91
92
Bonddi; iMtgQuar
3
Borden's CondMak..lOO j;ll7
100 110
Preferred
95
93
Haio price,
4,
52
90
108
110
104
60
97
31
14
16
Ist preferred
UPreferred
100
7'*
40
56
97
10
10
100
Preferreil
American Elevated
Preferred
I
124"
93'-.;
1
'12
50
60
1
22
5
(Joramercial.ioo
Preferred
100
92
loo
Northern Securities.. 100
42
67
-^
34
48
HeckerJones-Jew'l Mill
.M-S
IslOa 1922
1534j Herring. Hall-MarvinlOO
93
85
99
I
20
3.
90
10834
100
50
OTHER CITIBS
Binsrhaniton Gas 58 193s
Bnflalo street Rv—
Biookiyn Union Gas deb
184^.
Istcou.sol 5s 1931. .P-A ni2
113^
68 1909 oonv '07...M-S 184
334
A.O iU>5 107
4'«
BuUalo City Gas sU)Ck 100
Deb 6s 1917
Chicago City Ky stk. 100 175 IWO
1st 6.S 1947 See Stock Exch list
Cliic U iiiouTrac See St'Ck Exch list
Chicago Gas SeeH Y Stk Exch list
71'. Consol Gas of N J
69
100
Cleveland Electr By. 100
JJ
Columbus (O) St Uy..lO0
90
Ol^'^
93
1st 6s 1936
100 106 '«
Preterreit
Consumers' L U <& Pow—
J-D noi 102
Colum By con 63 See Pli lU lis)
5s 1938
60 t
Crosat'wn l8t6s'33.J-D 1105^4 108
HUetroit City Gas
100
67
60
Elizabeth Gas Lt Co.. loo 200
Brand Bapida Ky
Essex (fe Hudson Gaa 100 10142 102
Preferred
100
86
89
Preferred
Bay State Gas
Enecouv4sAprr53A<!tO
N Y Cent.ieb 48 •34.M-N
4»
135
fc'4
Havana
9
106
88
24
I
37
20
t
Havana Tobacco Co. .100
Railroad
Ohio Peo <fe St L pref.lOO
Prior Uen g 4 42S'30M<feS
Con mtg g 5s 1930.J<fcJ
Income 58 1930
Chic B I & Pac— Bef g 48
A-O
19.U op to 1911
5",
37
98
134
10<«
<fe
Pitts Beasife
51
14*^
<!
Deposited stocK
Undeposited stock
6
25
20
"-J
cfe
When released
10
3
I
9
105
i
n
'/lOl 4j 102 >»
100
Preferred
llGeneral Chemical ..100
Preferred
lOO
li
cfe
Northern Paotfio
J-J 4110
58 1928
M-N no4 106
Ext .TS 1924
192
Pat City con 68 '31.J-I) 4122
209
2d 68. ...1914 opt A.O ilOO
100 100 102
ilO'ZK 103^2 Rochester .iy
100
PreferrM
100 <
411lHi 113
Con 63 1930 See PhUa list
172 176
J-D illi4 105
2d 63 1933
4102 106
So Side El (Clue) stk. 100
89 42 90
5105 108
Syracuse Bap Tr 68 1946 102
Tliird Avenue See .Stock Exch list
Unit
Trans)
10
106
Rys
(St
L
100
11
1928
68
103
P <fc
Tarry
100
53
Preferred
54 4i
Vker8StBK5sl940A-U 104 107
'96
aen
Stk
Exch
113»2
43
1934....
See
list
1st
58
jUl
Sts
28th & 29th
UmtBysSanFran A'eeStk Exch list
TlTwenty-Th'd St stk 100 390 400
Wash By* El Co.... 100 16
J-J
99
96
164i
Deb 58 1906
Preferred
100
67
68
Union By Ist 58 1942 F-A 109 112
83^4 8^78
48 1951
J.l)
„
Weslchesll8t5s'43J-J 102 106
^WestChiCiigoSt
100
4342 46
HCong 58 1936.. ..M-N } 72-4 75 "4
BKOOEXTN
Metropol Securities See
Metroyol Street By See
Ninth Avenue stock. 100
Second Avenue stoeklOO
lilsl mort 68 1909 M-^
Cou8ol58 1948.... F-A
Avenue stock 100
S Sixth
ou Boulev 58 1945. .J-J
So Fer Isl 5» 191W...A-0
»«
9
13--^
Con 63 1948 See Stock Exch
mort 5s 1919. ..J.D
HUniou Ferry stock .100
M-N
nut 68 1920
4,
•I
N Y E B Ferry stk. 100 77
M-N 89
1st 5s 1922
N Y Hob con 5s '46.J- D 107
Hob Fy Islos 1946 AI-N «108
N Y N J 1st 5s 1946. J-J no2
40
10th & 23d Sts Ferry 100
}113
245
5109
17
Preferred
5
B& NY 1st 6s 1911.J-J
18
67
4
Electro. Pneiira'icTranKI
Empire Steel
lOlJ
Preferred
Ist 68 1948
Ist
100
14
60
Greene (Consol Copiier.lO *
92
Greene Consol Goid...lO t\
100
Hackensack .M eaiUiwal Oo)
106
Knick'b'ker Tr Co rec; s
Hackensack Water Co—
10542
Bet g 48 52 op 12. ..J-J
loo
Hall Signal Co
7034
Brooklyn Ferry stocklOO
66^
GO
loo
loo
Electric Vehicle
Ferry Companies
4
3\
i
J-J
4'i2S 1952
North ClUc Str stock. 100
Pub Serv Corp of N J 100
Tr ctfs 2'»b to 6% perpet
North J ersey St By iOO
99 Hi 101
330 350
ni7 121
204 209
IJOhr'fr&lOthStstklOO 177 185
Col& 9th Ave 58 -b'e« Stock Exch list
J
Ask
Bid
80
90
S,
liDiamond .Match Co. 1(10
Dominion Securities. 100
5
"i
74~y Electric Boat
100
39
lOO
Preferred
65
1084<
Electric l.«ad Reduc'u.5o f
102
5(M
Preferred
145
200
90
60
81
20
L&PowColOO
El
fn,(
00
66
J-J} 85
1
Bldgloo
100
100
llPrelerreil
Companies
Chicago Edison Co. ..100
IIKlngsCo ElL&PColOO
Narragan (Prov) El Co 50
NY&
I
CnbanWsof 1890
list
6s 1920 See Stock Ex chanv
123
IINorth western Teleg. 5o 120
/8
82
25
Pacific cfe Atlantic
103
1]Southern <fc Atlantic 25 100
Electric
Sh&Kn
llCrucible steel
82
62
121
82
152
Hudson RiverTelephlOO
Bond
Unlisted
shares
Listed
shares
sales
Stock
1905
p
^
Ch68& PotoTeleph..lOO
58 1909-29
I
G(dd HUl Copper
flAmerTeleg& Cable 100
$449,939,650
>lin(-ei
.
& Telephone
3'i2.(iO()
Boston
Cramps'
100
63
47
109
135
3
5
110& IndC.Vat& 111 .100
40
45
Jl)
1st 6r 1926
55
01
Elecl
Pat & Pas (iaa &
103'
H Con g 5s 1949.....M-S 'ao2
90
93
St Josepli (ias 5a 1937. J J
95 H 96
StPaulGas Gen 58'44M-S
Cable ..100
DAILY TKA-NSAGTIONS AT THE BOSTON AND THILADELPHIA llCommercial
Commer Un Tel(N Y).25
EXCH.ANQES
Bmp & Bay State Tel 100
Week ending
Aug 26
lyui
98''^
15
90
58
40
lvOK<fcW,al)V l8tiia'25.J-li
Madiaon (ias 6s 192f>.A() il06
Newark Gaa 6a 1944. Ci-J «135
Newark Couaol Gas. .10(1 734,
S-1) au8
TICon g.=i8 1948
$9,190,550
*426,226.580
$6,260,200
102
16
lOo
100
Lafay'eGaslat 6h'24.M-N
.T507,680
4,3? 5,700
$13,300
8,600
151,500
13,214,500
1922
08 1938
Aug 26
1 to
1904
1903
1904
12
No Hudson L
New York
h>xchanfie
100
81
1iPr(;lerre(t
27,1100
January
46
42
98
i
lUiacledo (ias
2,781,520|$259,365,000
Krlday
103
80
A-O
50
and
H ock Coal<fc
Compreaae*! Air f;o...lOO
Couaohd Car Heating 100
IjCona Kircw'ks com .100
loO
llPreferred
Cons Ry I. Tir A Kef rig. 100
Conaol Rubber Tire. .100
Debenture 4h
Cona Storage Battery 100
ContToljac deb 7a'0.')A.O
Cotton Oil&Fibr<',prel.2o
Gaa—
M-.N
<fe
l8lK58l917
Jackson (ias Co
5a g 1937
Kansas City Gaa
1i5s
Col
Exch iwl
See Stock
111
60
79
loo
(ias
58 g 1949
Indiana Nal<&
iHt 68 1908
Week ending
Aug
STOCK EXCKANQK
AND YEARLY
InaluMlrinI
AXK
Hid
Fort Wayne 6.s 1925.. J-J
65
Ga«<fe Kl Bergen Co. .100
28
Grand Kapitls Gas
Hist 5h 1915
F-A {101
isi^x.
4
Worthing Pump pref.lOO 119
un stock fixotka&ge, l)ut not a Tory aoure a«oarl^«
4
'
.
.
Aug.
1
..
,
.
.
.
THE CHRONICLE.
27, 1904.1
779
MmlroKA |utelltgence*
RAIJLROAD GROSS EARNINQS.
Itttjestmmt nn&
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
oan be obtained. The first two columns of figures give the gross earnini^s 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 railiuavs are brought together separateiu on a imbsequent page.
Latest Hroxs
BOADS
Current
Year
Week
or
harninys
Month
liny
I
to
Current
Year
Previous
Year
Latest
Latest dross
Date
BOADS
Previous
Year
or
Week
Month
%
Ala Gt Southern. 2d
wk Aug
57.595
AlaN O & lexa- I'ai'iUc.
N O & No East. July...,
Ala*
VlcksUV July...,
Vioksb 8U & »'. July...,
AllegJieny Valley June ...
3d wk Aug
Ann Arbor
Atoll
Top
&S
&
Atlanta
i
,
Atlantic & Bir a
Bi unew.&Birin
All Coast L.iue..(
A;
Ann
SL...
BaltA Ohio
Bangor & Aroosi
Bellelonte Oeut'l
BridKt & Haeo K.
Bull Roch& 'ivl."
Bultalo &Sii6q...
Canadian North
Oanadlau PacUU
Oent'l of Geor>ila
Cent'lof N Jersej
Central Paoitic.
Chattan South'u.
& Ohio
Chesap
Ohio<)^ Alton By.
Ohio Gt Western
Chiclud AL'v...
Ohio MUw <te St F
ChiCifc
I>et
North
Ohio St PM
W
&0.
Chlo Term Tr Kh
Oln N O & T Pao
<jh <& at L
P6orta<fe Kast'ii
CI Cln
Colorado &HouUi
ColNewlxfc Lau.
Copper Range...
Cornwall
Cornwall &Leb..
.
,
,
OumlHirrrt Valle\
Deny. & Klo Gr. /
Kio Gr. West. S 3d wk Aug
Mackinac. June.
Det
Detroit Southern 2a wk Auji
&
wk Aug
312,600
86.960
28,607
54.638
873,300
82,520
85.919
DulSoSh
.ScAtl..
Erie
3,869,030 4.264,190
May.
44,936
47,139
T H.. lihwk Ap
Evans V
<&
31
352,593
178,631
200.364
200.364
95.775
84.760
84,760
98.545
94,440
94,440
nu153,918
93.948
271,962
36.771
276.553
5,386.593 4.742.836 5,3.-i6..593
243.040 3,251,025 2,915.530
61,177
62,949
62,949
38.879
4,742,836
274.176
61.177
July..
55,419
April.
19,416
Ap 11
1,764,190 1,805.412 20.544,975
june..
154.148
15.204
13.417
May..
5,3Sl,89a 5.837,436 65.07 I, Ool
June
156.365 161.158 2,015,356
una
i:.374
2.374
5,879
July..
45,950
5.133
3.609
June
3d wk Aug 160,272 169.865 1,113,16
963.170
81,433
79.817
una
505,500
67.200
57.800
3d wk Aug
3a wk Aug 1,002.000 926.000 7.272.0U0
3d wk Aug 162,700 154.2(10 1.224.290
1.921.655 1,886,587 1,921,655
July
1,460.6.09 l,349,o78 13.775.430
January
22,648
2,744
2,709
'^d. wk Aug
1.737,716 1.525.050 19,297,0/5
June
956,168 747,957 11,4j5.8o3
iune,
791.047
2d wk Aug 134.318 160,467
675.506
2d wk Aug 117,089 110,410
3,866.198 4,050.923 48.330,335
Ji.ne.
4,625,080 4.766,402 4,625.080
Juiy
847,821
847,821 951.872
July
I84,8e3
29,280
31.905
2d wk Aug
825.111
2d wk Aug 133.874 127.764
21,069,954
2,038,743
2,039.013
une ..
250.120 273.974 2.785,120
.Hay...
696,542
2d wk Aug 104,647 132,273
22i,035
13.732
13,339
June
466,453
44.979
39.204
May
74:.'i31
6,009
9,354
une
242,307
19.479
25,306
June
14y,750 125.193 1.291.195
January..
Fe. .liily..
Uar.. May
AtlKnoxv & No.
Bait
178.631
95.775
98.545
350.832
54.672
61,16'-'
Farniv& Powhat June
,
426.700
6,731,344
1.178.375
1.886.587
12,847,305
15,4-4
16,711.602
1
.
\Curreyit
Allegheny Valley
Ijan. 1 to June 30
Atlanta AChMTl Air Line.. Mar. 1 to Mii.v 31
Atluntc & Birmingham a Dec. 1 to Apr 30
Belleloute CciiiiHi
Jan. ltolulv3l
Chic bt P Minn & Omaha.. 'Jan. ltoJuly31
Cumberland Valley
Jan. 1 to Jan. 31
International &Gt North'n Jan. 1 to Aug. 21
Lake Erie & WeRlcru
Jan. 1 to July 31
Manistee & North Eastern Jan. I to June .30
Manistiqiie
Ijan. Itojuly 31
MaryiMud & I'enusylvanla Mar. 1 to July 3l]
Missouri Pacific
Jan. 1 to Aug. 21
Central Branch
Jan. 1 to Aug. 21
Total
Jan. 1 to Aug. 21
IMexican Central
Jan, 1 to Apr 30
Mexican International .. Jan. 1 to Juue 30
i
& Penn..
J.Mexican Ceut'l.t
Maryl'd
{Mexican litern.
[Mexican Ry
[,Mexican South'
I.
Miilen
So'w'u.
<t
Mineral Range..
Minueap A St L.
MHt P& 8 St M.
lexaiMo Kan
Mo Pao & Iron Ml
Central Branch
Total
& K C.
Ohio...
JJashOh & St L..
.Mob Jack
.Mobile
&
JNat'lRRof Mex
Nev-Cal-Oregon
.Nevada Central..
N
ISf
V
YC& HudKlv
YOnt<te West.
Y Susq & Weal
:!^orfolk& West'i
Vorthern Central
Paoitic
Nor Shore (Call..
920,533 Ohio Riv& West..
682,484 Paoilio Coast Co.
.North'n
10.071.09:::
I
.
-
T&Mex
i;27,381
861,472
3,358,-51 Southern Railw'j 3d wk Aug
555.001 lerre H & Ind ... July
144.551 Terre H & Peor.. uly
3,822,203 Texas Central ... 2d wk Aug
12.754 Texas & Paoiuc. 3d wk.Aug
1,716.716 lex S V & N W
July
661.375 Tol <fc Ohio Cent 3d wk Aug
547.770 Tol
West .... d wk Aug
33.j,935 rol StL«te
v.k Aug
.
P&
876,6-,^2
413.594
58..596
13.143
192,932
12.000
85.851
9.237
24.835
17,256.092
6,932.877
534,800
108,686
5,736
94.91*
409,858
1,003.020
2,324.124
5,491,000
244,000
5,735,000
51,543
857,649
1.387,544
1,209.731
16.329
29.261
6.443.618
6,652,^.83
2.398,280
22.800,991
10,04 -.64,^
4,048.716
389,649
210,268
5,90z.973
W
VI>><'AL
$224,365
808.399
288.127
31,8-,^9
4.3.005
6,548. 'OO
25,290,4«0
83J,000
20,122.4-0
9.0U.418
8,327. 2'«5
125.19;)
3.213,334
2,91."..2 19
187,992
38,8(iO
13l,2..6
3,720,54h
Latest
Dat
Previou.3
Year
349,352
9.120
28,630
15,158,429
7.152.994
548.300
102,539
3,758
83,332
429,403
954,537
2,229,454
5,768.000
231,000
6,999,000
40,917
862.483
1.373,500
1,479.987
17.542
40,076
6.849,464
6,176.518
2.377.9S0
21,160,675
9,404,448
4,144.635
345,070
195,505
5,606,754
119166794 119398694
itic 60 5,200
1,621.916
h746,56
1,176,217 13,591.649 13,169.449
679,896 7,643,850 7,012,779
1,908,510 2,165,231
2,165.231
3,13i'.4i9
3.02.5,59^
6.157.017
153,600
47.597
11.487
2.903.078
02.867
2,621,068
138,114
208.982
141.391
253.383
1
50,142
2,661,437 3,131.419
2,337,93
3,025,598
4,999,375 6,157.017
1,364.308 1.192.248
584,578
581.316
60.543
82,642
44.969,491 44,376,620
1,314.221 1,338,162
35,560,103 32,013,358
946,148
208,982
141,391
1,260.807 1,278.125
97.631)
97,630
10sl25
7.459,844 35,965.497 30.552.328
1,10.>.777
255,685
151,270
1,349.578 13,775.430 12.847,305
593.110 4.221.191 4.014.019
696.201
807.199
99,724
96,570
106.623
12.547
161,821 1.144.280 1.168.165
473.030 2,990.794 3.013,301
36.64.".
288.974
65.523
2,503,802
287.550
890,511
176.916
49,574
8.322
180.447
10.500
75.642
25,273
292,660
288,263
2.576,550 2,344.219
681.749
565.161
19,658.844 17,932,714
3,105.692.263.290 1.917.719
6,146,510
6,311.76
164,992
176.916
58.596
49.574
64,293
.50,922
1,302.233 1,334.384
12,000
10.500
556.365
593,1/9
1,50.060
160.436
412.67
372,669
68.540
58.975
55.279.231 50,116.954
:
1
5.827,857
149.750
3.026.700
2.730,042
216,311
45.199
124,^97
25.044.619
1.019,000
26,093.619
3,561,600
453,189
302.477
894.467
164,992
to
28,428
63.94-<
79,672
219.908 Tor Ham <fe Bull Istwk Au^
13.276
10,621
6,010.459 Un Pac Sy.-^teiu .. Juue
4,617.368 4,401.552
467,475 Virgiuia&So Wn June ......
60 4. .536
68.133
47.181
23,953,356 Wabash
3d wk Aug 649,385 484.662 3,679,627
574.786 W J ersey it Sea e June.
406,624 380,924 4,311.158
,227
Wheel & LE
690.130
3d wk Aug
97,358
85.188
532,534 Aiu'sviori&N.Br May
1.53.698
13.013
14.922
608,436 Wisconsin Cent.. 3d wk Aug 131,600 142.152
963.146
5,080,29
ArightNV (Si T'n.. .lime
172.561
10.291
10.921
11.055 Yazoo <& Miss. V July
547,808
547.808 513,969
140.483
Year ^Previous Year
Derrfuf.
PaoS-i.Llu, 8 Jauuary. ..
TexiSi NOrl
January...
Si»
614,859
3.420.049
4.040.958
693,124
166,235
1,023.953
174.974
513.969
VI<:A<CS.
KOADS
Gross
iMexlcan Railway
;Mexicau Souinern
Samings
Jan. 1 to Aug. 6
Jan. 1 to Aug. 7
;Nati()nal RKof .Mexico... Jan. 1 U) Aug 14
Northern Central
Jan. 1 to .Iune 30
North SIku-o
Mar. 1 to Feb. 29
fPennsy., East of P <fc E... Jan. 1 to June 30
eWestot
E
Jan. 1 to June 30
Peru iMarquelte
w Jan. 1 to Aug. 21
Pliila Baltinmic <tWa»li.. Jan. 1 to June 30
Plilladci|ilila & Erie
.) a n.
1 to J uno 30
Pitts Cln (;iilc * St Louis.. .Ian. 1 to July .31
Uio Grande Junction
Dec. 1 to Juno 30
.8t 1. Vanclalia * r.Tie H .. Nov. 1 to July 31
Teiic Haute & Indiaiiap .. Nov. 1 to July 31
Terre Hniitc <t Peoria
Nov. 1 to July 31
Texan & I'aciltc
.Ian. 1 to Aug. 21
West Jersey & Seswhore. Jan. 1 to J uiie 30
P&
.
*
$
'
VAKIOIIS
Oross Earnings
$
I
Current
Year
Year
34,252
28,199
9.237
9.120
24.835
28.630
July..
2,347.081 2,213,447
April.
572.458 554,431
Iune..
Wk Aug 6 105.000 111,800
2i.34-i
17.940
Istwk Aug
5.736
3.758
July..
13,039
10.703
3d wk Aug
59.2^8
53.573
3d wk Aug
3d wk Aug 125.597 132,ol5
3d WK Aug 336.354 325.484
855.000 8-.i5,O0O
3(1 wk Aug
40.000
32,000
3d wk Aug
3d wk Aug 895,000 857,000
8.198
6,239
WkAugl3
2d wk Aug 131.877 118.826
3d wk A (g 189.014 193,195
195,880 228,280
2d wk Aug
15,329
17.54
July
1.751
3,553
June
6,443.618 6,849.464
luly
642,373 642,705
June
249.674 283.447
May
1.975,912 1,968,558
iune
892,90
872.702
iune
4,048,716 4.144.635
July
30.321
33.284
February..
18.964
18,297
June
591.980
578.599
J une
9,777,559 10827859
June
Vec. 57 4.500
June
3d wk Aug 265.027 233,557
.
W
BOADS
Prevlo^ls
No Eas' June.
VTanls
July..
Maulstiqiie
<te
19,682,455
113,252
63.449.633
1.800,168
5.879
49,418
1.226,979
1.000,752
Ju V
Current
Year
47.662.738 ePenn-EastP&l.
4.766.402
eWestPife E...
951.872 Pere Marquette w
204,332 PhilaBalt&W'sh June....
1,206,417
H83.427 Phlla <fe Erie
714,369
June ...
20.390.762 PIttsb C C & St
1,908,510
July....
2.666.827 Raieleh &
3,940
Fear Juue...
805,811 Reading Railway July....
2,661,437
192,922
2,337,930
July....
Coal& IrCo
3.".3,249
4,999,375
Total Both Cos July. ...
94.729 Rich Fr'ksl) & P May
187.552
253.859 Rio Grande Jet.. nine
45,276
842.194 Kio Grande So... 3d wk Aug
7.641
3,393,615
J une .
2.176,800 2,502,900 Kook Isi'dCo
95.201
June ..
St Jos &Grl
981.313
953.707 St L & San Fran ft Juue
2.685,335
150,690
210.386 St L Southwest
3d wk Aug 161,846
398.801
442,148 StL VandcTH.. July.
255.685
41.108.530 41,436,484 San Fran <te N P.. July
151,278
1,485.129 1,445,527 Seaboard Air L. Istwk Aug 261.147
2.7li4
2,729 Southern Ind
103,125
July
85,420
77,227 So Paciho Co 6... May
7,608.720
2.321,564 2,273,997
Central Pacltic January... 1,460,659
2,418. •Je3 2.308,299
Gal Har & S A. J anuary. .
580.584
124,.508
144,507
Gal Housd: Nu January...
77,226
235.533
179,385
10,300
GultWT .teP.. January...
6.03:i,077 5.340.695
Louia'a West... January...
161,517
442.506
551,437
Morgan's L & T lauuar.r .. 417,904
168.024
126,514
N Y
30.084
.. J.inuary ..
3,491,979 3.400 095
Oregon & Calit. January... 312,659
180,736
185,929
So Pac Coast... JaUU4iy...
70,159
3,672.715 3,586.024
So Kao KK Co. January .. 2,619,233
2.724
2,729
8,685
7,343
FtW&UenvCitj May
152,566 180.766
(Georgia HH
158.627 164.858
June
124,508 144.507
Ga South & Fla. July
GUa ValGii. N.. January ..
29.078
30,920
Qr Trunk System 3d wk Aug 672,857 747,40J
Gr Tr. West'u 1-twK Aug
78.112 105,126
DetGr H&M. Istwk Aug
37.745
28.031
Great Northern Juiy
3,491.979 3.400.09:.
Montana Oent'l July
180,736 180,929
Total systouj July
3.672.710 3,586,0i:4
Gulf&Shiplsland 2d wk Aug
213.701
36,596
36,529
Hocking Valley.. 2d H k Aug 164,285 157.276
861,710
HouH & Tei Oeni January
418.280 460.339 3,461,608
H&E
Texas January
519.274
69.903
81.363
Housdchhrevep January
16.514
12-i,142
19.041
Illinois Central.. July ....
3,880.473 3,822,203 3,880.473
IllinolM Soutberi July
27.056
1 2.754
27.056
Ind 111 & Iowa... June
135.892 128.828 1.582.380
Ini <jj Gt Nortli'ii 3d wk Aug
644.H0Z
92,440
89.884
89,000 101.480
530.170
ilnteroc (Mex.).. WkAug6.
owa Central
3d WK Aug
51,575
50.973
339,738
Kanawha ii Mid. 3u wk Aug
33.690
234.93(
31.416
Kan City South'n June
464,874 389,391 6.450.320
LaheErie&Westn Juiy
404,814 467.475
404.814
Lehigh Val UK. May
2,514.006 2.624.090 27.086,112
Lexing ii Kast'u June.
611.947
51.056
64.770
Louk iKiaud
May
Inc. 296
7.877
Louisiana & Ark June
60,790
704.67
56,155
LoU'SV tleu&btL .vittich...
672.340
LouiHv <s Mttflhv 3d wk Aug 76i'.576 686.165 4,915.840
Macon & Blrm.. July
10,256
11.055
10.256
Man't^wAGr .h June
8.340
11.344
89.923
F'rchUd&N'r'e'i July
&
Karnmys
ICurrent Year \Previous Year
632,6."V2
$3,174,100
614,272
7,227.366
6,040,194
538.435
56,095.676
60,1;J5.276
$3,448,900
718,621
7.109,199
4,878„594
I>r
I
cuKC.
1.375,100
7,079.130
0,9 2,944
6,..72.S11
6.624.011
3,608.006
3,470.666
13,526,670
307.887
]. 979.271
1.I96.5S2
460,866
6.739,077
1,775,452
1
14,0li).075
316.682
1,798,050
1.414.296
452.123
6.919.907
1.724.853
t Kesolts
tbe Hous .v Tex. Cent,
on Monterey
Mexican Gulf are included for both pHtli)d-<.
>l<>\ic»n currency.
ft Includea
and Us sulisid lines lu both years an<l for botb periods.
« Covers lines .iircclly onerateil.
,/ IiMliid.s
the ("liloago .te Eastern Illinois In boto
years.
' Incluulng Sav. Flor.
w Includes I>ako Erie
ai.d
Sanfi.rd
years.
At
West, and also Florida Soutnorn
ht. litersburg Kys. in both
Det. Rlr Ry. from Jan. 1 both years.
GuU and Xitton <b
a These figured are for tuo oous^hdatea ooiupany, luoludiug Tifton Tho«v.
&
"OrtUeasiem.
:
&
&
.
...
..
,
-
,
.
THE CHRONICLE.
780
Latest Mro88 EarniniTB by Weeks.—In the table whlob
follows we sum up separately the earnings for the third
The table oovers 80 rouda and ihowR
we<^k of AugTist.
1'67 per onnt Inorease in the aggregate over the same week
last ypar.
3d xoetk of August.
Ann Arhor
1904.
S
38,879
160,272
67.200
...-t*.**-.-*..'
A
Baff&lo Rooh
Plttsb'tr.
Canadian Northern
Canaaian Pacioo..^ ....
nentrai or Ueoreia
DsDver & R'o Orande
Dolatb 80. Shore A Atl
Or'nd Tranb ot Canada )
Grand Truns We8t..S
Det. Gr. Hav. A MUw. S
Internarional
<&
lowaOentrai
............
Kanawnatb
Ot. No..
MiotiiKan...
LoolBvUie & NasbvlUe..
Mineral Rantre
Minneapolis <b St. Lioala.
& S. Ste. M..
Mo. Kanaaa A Texas
BItnn. 8t. P.
Mo. Paolflo (h Iron Mt.
Central Branoh
Nasbv. Ohatu <h St. LoalB.
Pere Maraaette
Rio Grande Sonthem. ..
St. LoD 18 Sonth western..
Boathem Railway ......
Texas & Paolflo
Toledo <S> Ohio Central..
. .
672,357
747,402
92.440
61,575
33.690
701.576
13.039
53,573
125.597
336,8^4
855.000
40.000
18»,014
265.027
89.081
60,973
31.416
680.165
10.703
2,108
9,593
8,500
6r,206
6,524
74,546
2.6 5P
602
2.274
21.410
2.836
6,918
325,484
10.87<
8<i5.000
30.000
8.000
7,ai6,55d
0..
"4',181
26,470
"8,846
8 95^
12.4-'.^
Koads.
Oent. New EnglandApr. 1 to June 30....
July 1 to June 3o
Ment. of N.Jersey.. July
Genf^Roe & Wyoming
tc June 30...,
Apr.
July 1 to June 30,...
looKiUK VaUo>
July
4anlstee
No E. June
Jan. 1 to June 3u ...
Maryland & P.-i n..July
Mar. 1 to July 31
Year.
Year.
Year.
$
$
$
$
56.842
193,458
11553,366
ot August.
1904.
1908
'i2X>0
10.552
Inertcut.
National RK. of Mexico.
9
7,536.727
67,595
2,744
117.0K9
133.874
28.607
65,089
36.598
130.447
^8,198
131.877
195,880
Bio Grande Sonthem...
Texas Central
Toledo Feona A West's.
7,826
13,143
28.4 ^8
118.826
228.280
11,154
8,322
25.273
8,484,122
8,367,622
PreylooBly rep'd 32r'dB>
Alaoauia ut. donthein
Ohattanooea Sonthern.
Ohio. iDd'piie & Loolsv.
& Texas Pao..
Oln. N
Detroit Sonthem
Onlath So. Shore <Si At...
eolf & Ship Island.
.
Minn. St P. & 8. Sue. Ml
Mob. Jackson & K. Olty.
.
MobUeAOhlo
Total(4« reads)
Net Increase (1-51
H Figures aie tor
$
7,399.093
54.672
2,709
110.410
127,764
85,919
60,011
36.529
132.421
342.664
2,9^3
35
6.6-f
6.110
6,340
27,286
83,101
6.051
36.302
2,875
14.376
19,365
48.1n8
•171.112
6.002
60.922
3,324
17,821
22,889
61,667
•155,726
2.477
37,681
6,965
26,698
2.100
17.060
1,800
7,850
def.6,146
def 8,280
def.8.589
def. 4,776
865,600
8.833
66,838
888,000
7,708
58,958
602.786
5,260
86,533
996,191
6,671
41.046
40,034
160,830
40.199
159,331
•57,632
•63,822
•22,594
•60,492
A
& Ottawa-
Apr. 1 to June 30....
July 1 to June 30....
-leading—
All coDipanleB....July
<loGi-ande Jnnct.. June
Dec. 1 to June 30....
Qlster & DelawareApr. 1 to June 30....
Jnly 1 to June 30
After allowing for other Income received.
In the fixed charges In this fiscal year are expendltorea
for renewals, additions and Improvements amounting to $50,991 for
July There were no charges to this account the previous year.
STREET RAILWAYS AND TEACTION C0VPANIE8.
195,244
Latest
Gross
Oeeretut.
9
205,030
• •>•
7.312
4,922
69
-•
1.959
18,051
•
116.239
p. 0.1.
week ending Ang.
9
• •*>
Eabninob.
Oross Samxnifs
WMkorHi
A Hudson ...
Aoaerlcan R'ys. Co
Aor. Elgin & Chic. By
June 30....
1
to
1
to June 30....
89.186
127,891
666,477
34,262
216,311
24.836
124,897
Hooking Valley .a.. Joly
A Mo. B.a June
Jan. 1 to June du....
Maryland A P^dp. Joly
Manistee
Mar. 1 to July 31....
N. Y. & OttawH bApr. 1 to June 30
July 1 to June 30....
Pitts. o.C.<St H) L.aJuly
Jan. 1 to July 81
]
& Oak
Chic
Oin.
Oln.
ParK...c June
82,400
3,328
4,821
254,966
9
I
81,692
167,462
161.30- 144,466
sot 082
61.830
64,810
...
& Traction... May.
& Ll«rht
01eve.<fc So.
W. rr.Co.
Oleve. Pains V. & E.
Dart. & W'port St.Ry.
Detroit Onlted Ry..i>
Onlnth Street By
Bast St. Louis & Sub.
.
Ft.
.
29,229
88.943
216.363
8,.'i28
73,833
9.830
40,968
27,279
8.246 deM,739
39,583
3.076
181,104
114.877
8,820
582,205
682,667
1,908,610 2,165,231
3,626,670 14,046,076 3,054,094 8,881,927
Beading oouipany—
Phlla.A Read'g.b July 2,661,437 3,131.419 1.088,177 1,330,673
161,266
483.687
Coal A Iron Co. li July 2,337,938 3,025,698
Total bothCo.'B.bJuJ!y 4,999,875 6,157,017 1,259,442 1.764,160
120,031
118,844
Beading Co. b.... Jnly
1,378. 2J«6 1,884.191
Total all Co.'s.b..July
45.276
18.583
14,279
47.597
Bio Grande Jnnct. June
92,366
96,004
307,887
316,682
Dea 1 to June 30
Ulster & Delaware b 219,183
66,987
62,202
194.178
Apr. 1 to June 30
784,226
222.031
217,446
700,118
July 1 to June 30....
492.506
690,270
July 2,082,152 2,000,166
Wabash, b
a Net earnings here given are alter deducting taxes.
b Netearnings bereglven are before dedaotlng taxes.
July. 1904, taxes and rentals amounted to
t For
9
{21,264
48.H23
Darton
Newp. A Coving.
Light
eigln
—
25,710
76,869
229,663
12,412
89,378
6,199
31,696
Tear.
8,7 f)l
& Tol.Tr. July....
Aurora
& Son.
Wayne & Vabash
Valley Traction
40,029
127,216
669.388
28.199
187.992
28,680
181,266
Tear.
68,51P
29.120
55,910
(Muscatine, Iowa).. .Tune
Genesee & Wyoming. b.—
Apr.
Jui^
Year.
33.228
July....
||. July....
July....
Bingham ton Ry
July....
Boston <fe Woroenter.. July....
Borllngt'n (Vt.)Trao. July....
Oal. Gas <fe Electric. J ine ...
Oeot. Penn. Tract... Jane ...
hicago & Mil. Elec. July....
13.
—
Lausi Daft
1 /b
Cut r en
Preti'us
PrtwUnu
Tear.
239.838
26.202
142,7^3
38.718
8,183
44. '33
222.288 1,852,646
45,476 216,372
29,529 215.478
63,243 389.290
61,637 273,516
9
147.374
749,838
iss'.ss?
4i',802
a37*.636
123,260
3^4,841
284,958
107,061 100,891
500.621
469,140
7.86"
60,512
28.427
12.374
97,027
13,97^
123,963
47.485
255.294
123.187
12.681
43 735
90,719 2,80ti,802
14.061
893.552
92,153 718.181
47,182 260.8 lt»
44,787
240,687
117.819
44.S60
2,742,377
398.192
668.386
258,271
59,932 836.67F
29.242 11.065,904
291.919
1920.330
Oltlzens' Ry.
Met Earnings Hontlily to Latest Dates.— The table follow lag shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, including all
roads from which monthly returns can be obtained, Is givei
once a month in these columns, and the latest statement o
this kind will be found in the Chboniolb of Aug. 20
1904.
Uha cext will appear in the issue of Sept. 24, 1V)C4.
Net Earnings.
Gross Earnings.
Current
Previous
Current
Previous
Year
Year.
Year.
Year.
Boadt.
Atflb.T.AB. Fe.b. Jnly 4,742,836 5,386.693 11,366,889 tl,968,236
Canadian Northem.Joiy
264,800
808,900
91,100
89,200
Central New Evir b.—
213,983
258,681
31.949
66,817
Apr. 1 to June 30....
655,636
847,751
138,878
183,286
July I to June 30 ...
929.572
883,621
Oent.ofN JetBt-y.b.Jaly 1,921,656 1,886,587
428
2,729
494
Falrohlld A N. East July
2,724
—
i/an
Our'nt
~~9
1,974
8,1 6f
881,466
1 26,500
39,287 •df.ll.238
•19.062
155.160 •df.19.222 'df 11.309
11499,817
376,206
383,804
6.845
27.691
70.764
6,410
88.456
2,875
14,376
1
Albany
v>eeAc
^Jial.of Set Earn'gs.-^
Current
Previous
Previous
Year.
f Included
For the second week of August our final statement covers
46 roads, and shows 1*51 per cent increase in the aggregate
over the same week last year.
2d
.
Current
*
10.231*
64,723
315.661
120,41
— Int., JtenlalH, etc. —
N. Y.
182.5 l.'S
7,336,970
Wlseonein Central. ......
9
"9,400
78 'lOo
laterest CbarireB and 8vrplB8«— The following roads. In
addition to their gross and net earnings given in the foregoing, also report charges for interest, fto., with the lurpUs
aoove or deficit below those charges.
TttCrtOMt
6.71.'i
161,8<6
894,167
192.932
85.881
649.385
85.188
131.600
7,«41
Inertatt.
59.28'i
82.000
193.19n
238,557
11.487
138 114
890,511
18 1.447
IbfiVi
484.662
97.3^8
142,152
Wabash
Wheeung A Lake Erie...
Total (30 roadB)
Net lnor«»«e (1 6' p
812.600
54,638
9
36.771
169.865
57.800
928.0O0
151.200
8 73.800
61.162
1.002,000
162,700
.
1903.
[Vol. Lxxix.
$196,106,
against «l8i,9ti6, after deducting which net for July, 1904, was
$1,160,783, against $1,773,270.
..
Jnly
July
Mav
iA wk An^
3d wk Aug
Jalv
July
67,664
WkAug.21 tS6,i27
* Land Co
aonghton Co.
July..
St.
By June
Illinois fraction Co.
26 416
40,480
July
Eleo. Ry.Co.
Sonolnln Rapid Tr.
aavana
9,132
48.692
.
April.
mdlanap. &E>«.Bt. Ry July..
Indlanap «i Martinvllle Rapid Tran.. July.
1
26.767
16.93e
75.438
21.682
26.686
16,417
62,527
16,731
12.698
11,613
189,820
89.912
309.386
116.840
161.161
90.279
242,038
76,679
intemat'l Tract. Co.
System
(Buffalo)..
Tune
355.472 322,65J 1.900.211 1,804.488
24.325 20.359
39.826
116.674
165.379
2,334,833
69,596 56,82:)
271,003 259,903
laoksonvUle Elec.Co. June
Kansas Olty Ry.& '<t Joly
Liake Shore Eieo. Ry June
Lehigh Val. Trao. Co
Street Ry. Dep
fUeotno Light Dep
bexlngton Ry.
LmdonSt. Ry.(Can.)
Mad. (Wis.) Traction
det. West Side Elev..
vilLEleo By.&Lt.Oo
July
July
July
July
July
July
Jnly
lilLLtHeat&Tr.Oo July
street
By
Montreal
July
Mnncle Hartford A
Ft.
Wayne
64,316
11.818
32.892
19.230
9.68U
168 320
J81,29D
6i,99-<
226,69^
July.
«la8k.Tr.&Ught.Oo
July...,
Street Ry. Depart
Electric Light
Dep
July...,
N'w London
Norfolk Ry.
St.
Ry
A Lt. Oo.
Railway
CJlty Gas Co
Rur. Ohio Xr. A Lt. Oo
Northern Texas Trao.
Jane.
June
<lortiliwe8tem Blev
Oakland Trans. Con*
>lean St. Railway..
Grange Oo. Traction.
Peeks.L't'g&RR.Co.
Jane.
May..
UghtOo's
ctochester
Railway
..
99.300
18.515
2.266
50.718
19 119
24.733
88,689
61.483
21.137
25,778
21,8SS
871.612
71.178
484,748
349.487
718.618
44,480
66,107
9,627
9S.881
May..
April.
Philadelphia Co. and
Affiliated Corpor's June.
Pittebargh MoKeesport A GreeUf-b'g.. June ...
c'oiisv. Dnion Tract. Jnly....
Rye Co.Gen.— Koads
14.346
8,370
6,348
May
July..
July..
July..
19,001
14,0^4
2.8e.*>
Gas I>epartment... July...
52.534 353.023 873.882
11.249
93.616
87.830
82 725 178,762 16'>.S58
18.317
97.721
93,886
10.1x0
68,67«
52.248
168.188 1.221 648 1.196.000
368 97o 1,812,617 1,699.168
49.383 219.M0
329,040
816.236 1,408.182 1,256,981
8228
6.861
66.026
9,061
52.281
42,648
94.-^64
9:^,059
398.688
81,362
492.966
811,3i6
746.411
113 897 105.370
7.876
6.270
ll.OiO
9.098
7.911
9.308
38.866
48.803
39.014
9.^,766
1.187.218 1.310.880
15,876
23.433
13,361
22,800
42.1ii7 85 878
1.895
1,991
lS9.l7a 116.304
July
July....
July....
tookford Belolt A
JanesvlUe
July.
Joseph (Mo.) Ry.
Lt. Heat<& Pow. Co Jaly.
July.,
it. Louis Transit...
San Bernardino Yal
15,190
14,461
7.938.694 7,728,667
68,644
111,80^
188.619
13,850
847,830
66,967
106.778
175.294
13,861
719.170
70,886
74,777
St.
Tract.
Oo
62,367 63.913
984,644 639,705 5.232,680 4.107,169
June
Paulo (Braslli
Tram. L't <k Po. Oo July...
Savannah Elect. Co. June ..
July
Boranton Rallwav
10.174
6,348
4ao
I
106,000 100.587
49.511 46,104
86;052 80.08'
258.^i4.^
488648
239.406
460.919
—
-
Aug.
27, 1904.
Latest 0ro»$ Mlarningt.
Jan. 1
Tear.
Y^df.
Tear.
s
WaBh. Alex.
A
Mt.
June
WBAaK20
dwii
Aug
May.
July
V
laiy
984.V36
97.933
989.457
904,878
83,961
S8/,076
145,891
207,813
160,112
925.402
158.37'
5S.2',^4
19,60
47.971
84,54
30.72'
536.18*
19.66
16.994
42.162 1.471,604 1,295,277
74,»7^ 2,614,301 3,440,703
S2,109
132,903
133.592
00,107 3.747.134 3,466,777
20.152
139,133 131. 64n
224.268 246,182
YonngBtown-SnaroD Jane
37.34
781
— Gross Earnings. —
Date
Prcvwu.
Tear
9
191.406 175,613 1,122.610
IU8,34 118,18^
90\0S7
1,38^
1,249
33,611
72.084 65,644
414.002
25,55:^
28,141
172.698
25w,865
47,654 38,485
26.40-ii
24,134
148,459
Tone
Seattle Eleotrlo Co..
Sontb Bide Elevated jQlv
Sprliigfl'd A Xenla Tr WkAaK.l4
Byraoase Rtkp.Tr Ry J me
Jane
llampa Eleotrlo Co.
July
Juiy
June
to Lategi
Uurrenl
wttKorjai
Terre Haute Eleo.Oo
Tol.Bowl.Gr.&8o.Ti
Toledo Rys * LUht
Toledo A Western..
Toronto Railway ..
nrlnCaty Rap.TraB.
Onion (N Bedford)
United of Sao Fran
.
THE CHRONICLE.
|
QKOsa
KABNIHOa.
—
.
Bpanlsb silver
resolta for propertlss oirned.
I These are
c Besolte for main Une.
n These eaminga tnclnde the Detroit United By., Detroit A Fort
Huron Shore Line and the Bandwloh Windsor A Amheratbarg By.
t
(Railway Co
June
)
Jan. 1 to June 3u....
City Gas Co. ... June
Jan. 1 to June 30 ...
Sorth. Ohio Trao. A Light
July
Oo.a
Jan. 1 to July 31 ..
(forth. Tex. Tract, b July
Jan. 1 to July 31 ...
Oakl'd Trans.CoD.bMay
Olean St. By. Co. Apr.
Jan. 1 to Apr. 3u ...
Orang<« Co. Tract. . June
July 1 to June 30....
Boohester By. ''o.bJoly
Jan. 1 to July 31....
Rookford Belolt Janes.
Boada.
Alb'nyAHnd.RB.aJoly
Jan. 1 to July ai
Year.
Year.
$
$
$
83,2S8
157,462
81.692
147,274
Aurora Elgin A Chicago By
Jnly
81,387
58,618
87,395
239,888
Jan. 1 to July 31
26,202
16,625
14,913
29,120
Bingham ton Ky.b. .Jnly
13e.v87
63,632
142,723
61.S64
Jan. 1 to .TJily 31...,
197,408
187,661
88.019
83.744
July
31....
1
to
Oot.
Oaiifomla Qas A Eleotrlo Corp.—See detailed statement below.
Central Pennsylvania
Traetlon Co .... June
Jan.
1
to June 3 u
...
Ohio. A Ullw. Elec July
Jan. 1 to July 31....
Olnolnnatl Dayton A Toledo Traction b...Jaly
June 1 to July 81
Oln.Newp. A Oov. Light
ATractlon.a
Jan. 1 to
May
May
31
...
—
Olev.Palnesv.A B...Jaly
Jan. 1 to July 31
Oleveland South west'D—
Traction Co
Jnly
Jan. 1 to July 31
Detroit United By.n (all
July
properties) .a
—
to JoLr 3i
Omlnth Street Rv b. July
Jan. 1 to July 3i
Jan.
I
East Ht. Loal>-<«Hnt> July
Jan. 1 to July Si ..
Igln Anro. AH<
.b July
Jan. 1 to July 3i
Fort Wayne A W»ba°h
Valley rrao»i"n ..July
Jan. 1 to July 8i
Honoluln Rapid Transit
July
A Land. b
Jan. 1 to July 3>....
Honghton Ooaniy St. Ry.
(Hancock. Ml oh.) June
m
June a ...,
June 30....
IlUnuls Trao Co.Apr.
Jan. 1 to Apr. 3u ..
Jan.
1
July
I
to
to
Ind'p'llsAEaM. Hy.July
Jan. 1 to July ^1 ..
48,823
246,872
52,228
215.478
45,476
237,036
29.529
128,260
8.529
35,118
33,720
124.383
54,810
98,480
51,637
98,133
S6,415
42,404
25.496
48,226
107,061
500,521
28,427
123.187
100.891
469,140
26,416
117,819
42.637
198,673
14.804
49,099
41,208
189,253
14,668
50.162
60.542
256,294
48.692
240,537
23,879
84,166
21,153
97,119
462.998
452.677
2,516,810 2,464,165
60,777
61,412
863.622
355.803
123,968
92,153
718,181
563,886
46.480
47,182
260,bl8
258.271
206,047
924,843
84.135
167,927
68,624
870.745
26.008
104,080
201,465
995.465
33.30^
154,165
60.175
284.011
21,684
107,678
67,664
826.576
59,932
291,919
25,927
106,462
23,955
89,533
26,767
189,820
26,586
151,161
6,902
72,935
13,005
66,454
16,417
90,279
182,576
52,627
242,033
16,731
76,679
6,664
19,386
87,6i9
26,283
131,058
11,118
64,400
6,S51
28.211
61.374
16.543
103,873
8,202
34,337
International Tract, Co.
ystemiBnffalo) b. June
1
to
to
Jan.
1
Jnly
1
to Junedu....
1 June >0
855,472
822,562
116.574
223.466
Jan. 1 to July 3i
139,826
271,401
865,379
713.408
69,696
271,003
32.892
178,752
19.236
78,491
9.689
68,578
Milwaukee Eieo. Ry. A
Light Co.. b
July
281,299
>
K«D.CItyB>.A Lr.aJoly
June to July 3i
Lake Hh. Elee. Ky aJune
Jan. 1 to June u ...
Lexington Ry h ..July
I
Jan. 1 to July 3i
Lond.Bt.Ry<' nii.>aJune
Jan. 1 to June .to....
Madison Traction .July
65,107
298,688
9.627
81,262
55,026
271,612
9,051
71,173
28,915
117,447
4,160
42.467
21,826
94.947
3,971
38,204
96.881
492,966
62,281
311,216
113,897
7,876
28,866
11,620
113,630
139,172
847,330
95,766
484,748
42,548
249,487
106,370
6,270
23,513
9.098
103,826
116,304
719,170
48,508
217,332
24,724
136,685
60.477
3,630
12,438
3,043
27,111
70,346
373,855
47,796
214,984
22,005
116.615
55,831
3,066
10,776
36.346
58,669
362,311
15,190
70.886
14,461
74,777
8,787
26.765
7,717
34,388
62,367
63,913
30,452
34,662
71,000
23,040
102,123
228,931
45,329
205.950
65,252
342,761
672,266
30,275
348,946
8.915
68,1X2
131,370
16.906
74.638
173,763
66,944
19.214
85,267
2U4.602
89,314
193.051
57,967
269,316
589,169
27.638
831,316
10,205
66,627
117.716
14,119
63.053
130.468
11,038
11,891
49 069
80,567
449,4^2
206,090
1,279,477
9,566
11,462
69.963
77,724
448,696
200,434
1,196,716
15,708
87,510
93,646
2,856
106,000
49,511
263,645
634,014
86.062
488,648
191,496
— —
<
37,342
224,268
246,182
a Net earnings here given are after deducting taxes.
b Nett^arningshereglven are before deducting taxes,
The Illinois Traction Co. is a consolidation of Danville Urbana A
ObampalgD, Urbana A Champaign By. Oas A Electric Oo., Danrille St.
m
&
A
Light Co. and Decatur By.
Light Oo.
include the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
By.
n These earnings
and smrplas.— The following Stbrr
and net earnings given In
railways, in addition to their gross
tae foregoing, also report charges for interest, &o., with the
aorplus or deficit above or below those charges.
—
Roads.
CMnolnnati Dayton A Toledo Traction
July
June 1 to July 31
CJln.
A
Int.,
Rentals,
etc.
—
.
of Net Eam'ffs.—,
Current
Previous
^-Ral.
Current
Previous
Year.
Year.
Year.
Year.
9
$
$
9
16,697
83,146
16,083
32,153
9,718
9.268
9.418
16,078
21,854
106,772
20,997
105,328
21,283
100.801
20,806
83,925
89,816
623.261
16,544
116.422
9,173
64,731
84,621
676,386
15,876
107,388
9,173
64,943
*1 19,602
*326,862
17,691
42,606
15,835
*1 19.599
89,3ft9
*445,886
17.429
46.777
12,411
42,785
4,629
31.540
8.861
22,486
•a.664
•43,495
•9,179
•44,218
8,381
19.962
87,810
4,167
29,167
2,929
17,674
33,200
8,313
def.«16
20,379
6.951
25,2^3
3.932
10,637
88,174
5.285
18,295
Mewp. A OOV. Light
Traction
May
Jan. 1 to May 31....
Detroit United By. n (all
prouertles).
July
Jan. 1 to July 31....
Dulnth Street By... July
Jan. 1 to JiUy 3i ...
Blgin Aurora A So Jnly
Jan. 1 to July 3i....
Honolulu Bapid Transit
131.875
145.618
63r,727
790,514
June jU
1,900,211 1.804.483
July 1
June 3u
4,07 «, 977 8,728,178 1,648,715 1,714.549
7,512
Jaoksonv. Elei- Co. June
10.165
24,825
20.369
Jan.
1,014
July
Inieresi unargea
16,936
89,912
189,037
75,438
309,386
21,682
116,U40
1,370
2,654
Toungstown-Sharon By.
June
A Lt. Co.a
Jan. 1 to June 30....
12,776
46,S02
724
5,861
21,332
16.664
80,025
21,007
74.880
Year.
10,272
87,696
$
6,343
22,639
100,587
46,104
239,405
499,470
80,087
460,919
175,518
989,457
Jan. 1 to June 30 ... 1,122.610
2,229,880 2,018,906
July 1 to June 30
72,084
65,644
Byraonse Rap I'r bjune
839,372
763.277
July 1 to June 3i>
25.553
Tampa Elect. On. ..June • 28,141
172,698
145,891
Jan. 1 to June 3u
331,258
270,129
July 1 to June 30 ...
38.485
47,654
Terre HanteEieot.. June
207.813
Jan 1 to June 30
259,855
1
to
June
30
626,293
410,346
July
Toledo Bowling Oreen
25.638
23,545
A Pouth'n T' act.. June
26.402
Month of July
24,134
148.459
160.112
Jan. 1 to July 31....
168,377
158,224
Toledo Rys. A L'ht.a July
984,236
925,402
Jan. 1 to Jnly 3 ....
twin City Bap. Tr.b July
886.769
364,471
2,446,080 2,283,124
Jan. 1 to Jnly 31
-Net Earnings.
Current
Freviou*
Previous
Year.
$
Net Earnings.
Vtirrent
.'revious
Year.
Year,
A
«
Year,
Year.
New London Ht.By.May
Jan. 1 to May 31 ...
Norfolk Ry. & Light Co,
vllle
Current
Previous
Jioads.
Street Hallway Net Earnlngrs.— In the following we
Jan. 1 to July 31....
Heat
show ooth the i^ross and the net earnings to latest dates of all St. Joseph By. LightJuly
A Power
cjTBBET railways from which we have been able to procure Sao Paulo (Brazil) Tramway L't & Po w.Co July
monthly returns. As in the case of the steam roads, the
Elecirio June
returns of the lifferent roads are published by us each week Savannah
Jan. 1 to June ao....
July I to June 30....
as soon as received, and once a month (on the last Saturday
July
Ry. o
of the month) we bring together all the roads reporting as is SorantoD
Jan. 1 to July 3i
done to-day.
Seattle Electric Co. June
— Gross Earnings. —
Current
Jan. 1 to Jxtlr St.... 1,812,617
Milwaukee Light, Heat A
Traction Co.b .. July
63.998
Jan. 1 to July 8i
249,510
Montreal St. Ry
226,695
Joly
Oot 1 to July 31
1,988,611
Manole Hartford A Fort
Wayne a
July
19,004
Jan. 1 to July 31
09,300
64,711
99,074
168,267
292,650
23,372
88,346
69,615
13,230
69,681
7,138
18,345
4,601
25,732
23,384
75.527
14,284
62,379
6.446
24.039
6,452
21,069
268,975
1,6U9,162
147,322
877,257
138,874
834,947
49,383
229,040
216,286
1,788,177
33,073
121,708
95.419
707,399
29,129
108.678
100.079
678,368
14,846
11,381
49,497
8,966
66,823
269.903
32,725
165,353
16,224
75,669
10.180
52,248
52,3 3
k
A Land
Jan.
1
.July
to Joly 8 >.....
Honghton County
St. Ry.
(Hancock, Mich.) June
1 to June au
July 1 to June 30
Ind'p'Us AEast Ky.July
Jan. 1 to July 81
International Tract. Oo.
Jan.
2,917
16,042
System (Bufl»lo)..June
18,857
29,323
102.552
126,761
26,686
Jan. 1 to June 30
763,928 df.131,888
769,615
176,065
81.664
July 1 to June 30 ... 1,665,061 1,638.484
4,516
Jaoksonv. Elec ('o June
7,098
3,072
2.996
20 687
86.012
Jan. 1 to June ^O ...
17.658
18.699
34.868
61,634
July 1 to June 30
34,747
87.4»0
3.013
3.001
LakeSb. Biect
20,371
..June
20,371
118.521 def.69,U12 def.42.U04
Jan. ltoJune30
122,236
8.878
7.619
5,412
Lexington By
July
5,611
23.214
20.650
87,165
Jan. 1 to Jnly 31
88.tt31
8,586
4,968
1.860
LiOnd.St,Ry.((^an.). June
2.167
11,445
4,169
12,594
Jan. 1 to June 3u
14,186
Milwaukee Elec. Ky. A
»71.878
•66.016
75.383
Light Co
...Jnly
77,706
*365,164
•S43.130
499,830
Jan. 1 to July 31
621.211
Milwaukee Lt. Heat A
Trao. Oo
July
Jan. 1 to July 8i
18,874
118,176
16.487
93,617
•14,199
8,801
•18,706
•15,084
•
THE CHRONICLE.
782
—
,
Oot
UDDOle
$
Year.
Year,
$
$
75.383
489,005
69,782
500,391
24.696
189,863
Hartro<d<]i Fort
to July 31....
17,689
June C...
June
CltTOaeCo
1
7,381
19,497
4.000
80,000
Jaly
1
Norfolk Ry & Light Oo.
(Railway Co) ....Jane
Jan,
.
$
35.617
201,008
By... July
to Jnly 31 ...
W^vne
Jan.
— ,—Jial.of
Net Eam'gs —
Current
Previou,
Tear.
8t.
1
etc.
Previous
Year.
Itoads.
Montreal
Rentals,
Int.,
Current
108,ft37
to
2,846
17,063
Jan. 1 to Juneau....
16.460
107.574
2.834
17,140
11,227
8,910
1,314
25,404
22.807
25.682
68,807
14.515
64.939
6,8^6
deM2,627
1,137
21,064
northern Ohio Traotion
ALJehtOo
July
Jan. 1 to July 31
22,826
158,5Z6
10.209
70,7S6
2.439
9.766
26,811
184,929
...
North. Texas TtHCt July
Jan. 1 to July al ..
Olean Street Ry... Apr.
Jan. 1 to Apr. So...
BooheeterRy.
f'o...Jnly
Jan. 1 to July a I....
Book ford Belolt
6l
Vllle
Jan.
1
JanesJuly
Sayannah Bleomo June
Jan. 1 to June 30...
Joly 1 to June 30
Scranton Ry. C"....July
..
Jan. 1 to July a
t
•
1
Mouth
of July
Toledo Bys. &Lt... July
Jan. itoJul7 3i ...
TwiP'Jlty Rap Tr....Iuly
Jan. 1 to July 3 1....
9.018
63,143
1.942
9.968
25.897
178,934
12,987
53,872
1,124
807
-38.089
*176,065
6,217
16.838
9,627
27,517
89,350
19,528
84,550
33,914
6,090
7,889
12,634
89.749
67.7.'50
115.262
19,786
138,501
24.053
150.011
282,473
20,217
230,901
2,i35
12.259
23,570
6,560
39.210
104.9:12
26.843
77,342
40,556
199.413
3-8,555
10,033
105.486
6.985
55,788
106.836
7,328
17,457
68,397
78,i059
6.677
6,677
41,186
291,535
t92,425
t632,886
24,n89
OO.l.'.S
1.191
2,6~2
*43,910
*191.648
2,500
17,500
9,587
2.697
18,876
10,406
62,374
123.949
18,486
128,608
24,696
143,3»8
273,711
20,242
243.460
1.930
12.394
24,584
9,678
57.181
105.856
to July 81....
Seattle Eleornc Cio June
Jan. 1 to June 3«/....
July 1 to June -10....
Syraoase Fapl Tr.June
...
July 1 to June
Tampa Elect, •i". June
Jan 1 to Ju^f*30....
July 1 to June 30
Terre Haute El -ot.. June
Jan. 1 to June30...,
to June SO...
July
Toledo Bowling Grp^Ti &
8. uhtrn
June
164.8<Jl
119.30.".
806.696
7,416
100,415
8.0"'0
64,68
94,145
7,6.'>9
23.843
62,399
4,856
8,217
89,371
187.917
113 665
646,611
Al.'Jgo
288.860
t78,437
t648,785
After allowing for other Income received,
Fixed charges Include dividend on preferred stock.
n These earnings Include the Detroit United Ry., Detroit &. Fort
Huron Shore Line and the Sandwich Windsor & Amherstbnrg By.
Electbic Oorpobation.
1904
1903
Orots. Sub. Oo.s,<ie.
plus.
bond
interest,
$321,264 $243,685 $77,579 $36.4S8
63.441
33,334
222,288
158,847
Sinking
fund. Balance.
$12,500 $28,621
12,500
17,607
—The following
is
reports of steam railroads, street
companies wkiich have been published since tlie last editions
of the Ra.ii,way and Industrial and Street Railway
Sections.
This index does not inclnde reports in to-day's Chronicle
Pao*.
625
Pitt8burKh....678. «M
Bnflalo hoch. &
Buffalo <S Su^qiiebanna
Calutuet & HhcIh Minue
Canartlni' GenPral Kleciric
Caiiad'an PaciBc
73i
4P8
732
""»
621
Ce' tral Oil
679
CnlCxKO & North W«»t..
Century Ke^li y (b«l. sh. July I)... ^2^
Cbexapeabe & Dulawure CaiiaL... 732
731
Golf « »hiu l8i»r d..
iDtetb. Rid Tr (bnl. ah. JuneSO). 731
'31
Lou siana & ArkHn-as
78.
l,..ul-villea .NacbviUe
.731
Manhattan R?.. New ^ork. ..
Metro. loiKan C'>al Co, Boston
499
(baUnce ghee. Aoril o)
730
MlKHoun Kanaas & Texan
'Si
Nashville <iiat. & St Uou's
73i
Matiui a EriMin &8iaiipin(f
731
Kew Yoik Oniario & West,«3rn
.
—
Railroads, Etc.—
Page
6'4
Norfolk &Weatern
41*8
HhciOC Mail SS. Co
Pdst.tT i£ Vogel Leather (balance
625
sheet Apr. <
1
Poca lontas Collieries
Loui- Southwestern
Southeru Kailwa». ...
TermihHl KR. Ass'n (statement to
N V. Stock Exchau«e)
Ui Ued iiat liup't Co. (capitalization. et<>., of opera tng C'>»
Uoltea -"tates Sreel Corp (qottrter
ADd half year)
Wfstinifhtuse Eiec. & Mfg. (official statement Aug. 2)
St.
"'9
731
683
4W9
498
497
624
STRBKT RalLWAVS.—
684
Brooklyn Rapid Transit
Chicaifo ITiiion Traction (receiver's reuori
)
.
210. 624
Philadelphia Co. of PIttiburgtt
867
(batauce t>heet Mar. 31)
f<>r
snch other and future requirements as the company's
fOfflc al titatement of Aug 12, 190Jt,J
Winslow S. Pi-ro«, Chairman of the board, replying to the
Bro. for
Co. and Geo. P. Builer
feqnest of Vermilye
intorm«tion with reference to the construciion work now
undt-r way, both at the tidewater termli ale at Bfiltlmore and
the li' k betwt'en Cumberland and Cherry Ron, and 'he reBult of the operations of the road for th^ year eoding Jane 80
last writes UDfler date of August 12, 19 4, in substance:
PaoPKBTT - As you are aware, the Western Maryland RR Co. dlreotiy uwu«, or ootitrolB throokh the ownership of stock of pr iprletary
compaDiec. or by Ikhi-pp, a sysieui of railways extending from Haiti
more to Ch»*rry Run, with brancUfS avKT'-ttxtluK 2.'>'''59 miles, it
alfO had acq ilred at the lime of the ex«ontl'>'< of 1 a llr»t nmrtgaxe
ab ut »8 p»r cmr, of the capital stock of the West Virginia Central &
Pltt!*barKh Rv. 0»., which stock was denosued and peWed with the
trnpt«-e of Sald ttr-'t mortitaKe as a dUloual e-ciirl y for the b >n>is
&
&
&
PlttBbar>{h Ry. On owns
The Went Virginia Owutral
and controls a system of railroads extendluK from Oamberland, Uaiy
land to Be lUKtoD. W. Va., a distance with brauohes of 207'i u.l e*.
and Is also the owner of more ih*n IfO.ooo acres of bituminnas coal
and oi king lands (<n the eaetetn « opeof the Allegheny Moantalns. containing approxlaiatrly one blMon tone of coal, which has a wl.ler
marhet tb n t at of at.y oth-r single region.
Under tlie terms of th<i llrst mortgage, provision was made (t) by
the deposit of a each fund derived from the sale of oertalo tf s4id
mortgage bonds and (2) by the leservatlon of certain of the bonds
traffic
may develop.
Account of Operations. — The Comptroller's statement of
the iocomn account of the Weetern Mirylind system (inclndIng West Virginia Central & Pittsburgh Ry. and the Coal &
Iron R>iilwny Company) for the years ended Jane 80, 1903
and 1904 (the results for the month of Jane being approxiits
business
mated),
is as filiowd:
learsending June 90.
1904.
98.612,091
2.301,891
1903.
93,712,833
2,358,634
1»7
124 390
$1,354,199
24,995
Net Income railways
$1,434 577
profits, coal and allied departments..^
.^2 >,806
$1,879,194
yO).722
Gross earnings, roliways
Operating expenses and taxes
$1,3
Miscellaneous credits (balance)
Net
$1,955,383
$2,284,916
1,539091
1296,255
$416,292
$989,661
Note —The
special credit of $225,"2l, timber notes included, as
specially noted In the published Income account for the year ended
June 30, 1903, is for the purpose of current oumparlson omitted from
the foregoinv aoconnt.
"While the earnincs for the year ended June 80, 1904,
show in comparlfoa the recession expected ptior to the opening of the Tidewater line, the actnal sorplcis for the two
years entitd June 80, 1904 (the last month estimated), daring wh eh the present managemt'nc has operated the properties, amounts to |i,405,9i4, whicti has been applied In the
maun'»r shown by the following sta'^ement of the Comptrolthe
ler.
The decrease in the net income appears entirely
peratlons of the coal and allied departmen s and is due to
the condition of the bitumiaoas co^l market during the
ptevious year, occasioned by the aotbraeice coal strike and
to the reaction from the high prices of tbit period."
Capital Expenditures.— The Comptroller's statement of
m
capital exoenoitnres fo'low-^:
OapHal Outlay (approximate) to June 30, 190i—
Uonntruutlon Cherry Run— Camoenand fix$l,4?i4,179
tension
Conttuclon Western Maryland Tidewater RR. 1,4»8,756
Const' action
Western IHaryland Kuilroad.
Iherenmier.
if
Surplus
an indpx to all annnal
railways and miscel'aneous
Railroaos, Etc.—
Amerioin Glue
TiDBWATEB Line and Baltimobb Tbbminals —The Tidewater develiipu ent oonsl-ts of 5 9>< mlie-< of main t'acR expending from the
main line of the Western Maryland UK. at Waibrook Junction to the
Port Covington terminals of the comoaay in Baltimore City, t 'gether
with yards, sidings ana terminal faollltieB, the latter Inolading donbletra»k meroh noise pier with fl )or spaoe of about 90,oi)0 square feet,
onal pier with nnloading capacity of 4,000 tons in twelve h lurs and
cai'fl. lat facilities adequate for harbor transport-ition aid looal di^trltiution. Such obstacles as were encountered tn the construction of
this line, and which delayed completion beyond original expectation,
have been overcome, and the management expects to open the Hue
and terminals tor business on or before the '20rh proximo.
The ei gineers estimate that the cost of this tidewater line and of these
terminal propHr>ies and faotilttes only a few items of which remain
unascertalf ed— will b-^ $1,8*7,719, of which $i,«4i,
had been expended to Ang 10th. It is believed that the line an<i f ^oMtles above
described will be adequate for the present Tidewater needs of the
property and that a considerable surplus of th>4 § *.000,00>) of first
mortgage bonds appropriateri in this oonnecion by th-i mortgaa;e will
Total net income
Less fixed charges
ANNUAL REPORTS.
Annaal Rpports.
WM
Corp.
Expenaet. int.
on bonds of Sur-
June—
<fe
prosecuted until Oct. 1, 1903. Hlnoe the latter date oonstraott )n haa
been pressed and Is now proeressing. with an averag-^ force of aboat
2.700 men. Rights of way. excepting over lands owned by the Ohesapeake & Ohio Canal Oo., have been substantially acquired. Legislative am horliy for the condemnation of rUhsof wav over the canal
lat ds and otosslngs of the canal was obtainC'l xt the last session of
the Legislature of Maryland, and the work of m 'king surveys for
arquihltlon will shortly be completed. The work apou tills Line Is advancing simnltaneoasly over different portions of the entire line,
with a view to the earliest pradoable date of comi'letlon. and the
eogtreers estimate that 37 p. 0. of th" entire constraotlon work
completed on Aug. 1. 1(<04. The expenditures up to the first Instant
(Inolodlng retained percentages under contract) aggregate approximately <i>I. 740,000. Our engineers estimate 12 mouths of uninterrupted work for the completion of this line.
The line originally contemplated has be-^n largely revised an<l relocated for the purpose of securing minimum grades and cnrvatares.
1he probable Increased cost of this is believed to be moderate In comparison with the increased efiiotenov and mtulmnrn of expense of
operation seourei, and amply jaBflUed by the tratUo now developed
and the assured increase thereof. It is believed thac the line under
construction as re-located, with maximum curvature of « degrees and
maximum grades against eastbound tratUo of three-tenths of one per
cent, oannot be Improved
remain
t
&
'bemseives for. reapeottve'y. the oonntraotlon of a oonneotloK line between Oherry Rao and Oatnberland and the aoqilslilou of a tidewater
line and terminals a* B-iltlmore.
( HfRKY BOK—Oi MiiEHLAHD C0K8TBOCTION.—The work Of construction npiiM the connecting lluk between toe Westero Maryland system
and the W^st Vlrylnla Central
PIttburgh Railway was not actively
and the extension of
35,934
164,836
122,996
648,959
*
Ojllxfornia Oas
[Vol. Lxxix.
:oal
&
067,477
Iron Railway..
New«-q ilpment
1,126,644
Developmen
Mine extension and Improve:
uieot,
new s'dings;
bniidlngs, real estate. etc.,
ohanuing a lKi>ment, new rails, etc
Adla"tment wi'h vendors, account original pu -
647,197
oh-ise loS.19/ shares West Virginia 0-ioiral
burgh Ry. Co. stock and cost of re<fe Pitt
I-
maining ontstanding capital stock of said
company
624,345
(2,{4v shares)
$6,818,699
Applied Resourc's —
Ca-h eq
O'K'.O
il
II
eut fund (nart of proceeds of $25.-
Western Maryland
first
mortgage
$1,0C0,000
boid-BoM)
Prooeeis of sale and dl«pr>sltion of $1.181, '^00
2,915.190
bddlilonal of said first mortgage bonds
90 ',000
Loans (unreimbursed con:tructlon account)-..
4,815,190
Balance provided out of surplus income and other re$1,503,409
flou ceJJnapp ied Special Reso nrce —
i'here Is ou depo-lt wiih the Mercantile Trust 0>. an unexpended cash fund (from sale of orinioal i-s le of il st
uiortiraKe hondsi aot'lioahle 'o the cist of consiruotlon
of nouneotlng link bc^tween Oherry Run and Cumbrrund
$3,500,000
of the sum of..
Entire Stuck of West Virginia Ctntral
iooA;.— Chairman Pierce closes by sayiug:
Now Oumd— Out*
6
AUG.
THE CHRONICLE.
27, 1904.1
Meroanil e Trust
The company hasvoluDtartly deposited with th«
the balance of the West Vlrgl la
Co as trustee of Its tlrst mortgace,
acqalrert by It, so that the entire ontrentral «toolJ which has bee
West Virginia Central Company Is now
Btftrirtlnir oaoltal strcfe of the
I
held In the mnrteaae trust aa part of the security for the bonds lasoed
thereunder and th« ocmpany has alsoenterea Into an agreement with
th« first mortjfaRe bonds
Rid trustee «-xi>re8sli)»J Its undertaking that
Company maturing on the first day of
ft? the West Virginia Central
but wUl be retired at maturity.
July, 1911. win not be extended
"Tbe reenlts obtained from the operation of the dieoonneoted propertleB noder the conditions prevailing during the
past year give the best and most satisfactory assurance of
realized when the connecthe larger returns expected to be
secured and the terminal
tion between the properties is
facilities at Baltimore are completed."— V. 79, p. 153.
CentrBl of Georgia Railway.
^Report for the year ending June SO, 1904, J
Prpsident J. F. Haneon says in part:
Financial.- The company has no lliatlnif debt The company ban
50.000 Chattanooga Division 4 p. o gold b mis
to nrovide funds for betteTn)e'"B and iraprov^'ments on the m irtiraKOd
['f *769,797] In equipment irustf Is due to
Increase
The
rropertv.
the year of 20 Iccomollves, 9 sleeping and
ttie acqnlrement during
b<
x and coal cars.
nassenger cars and ,000
OOBAN 8TBAM8HIP CO —The City of Columbus has been oomp'eted
anduped on the line dunng the fiscal year and the City of Atlnnta
entered the line after the close of the fiscal year. For ih« deferred
raiments on the 3 new ships the steamship gold bonds of the Railway C'mpany, endorsed by the Steamship Company, bearing ft p. o.
interest aud maturing in fourteen equal seml-ai nual Ins'alments,
have been Issued as followK Series "A." dated Joly 1, 1903, $ 594.O0O;
The paySeries 'B," dated July 1. 1904. $672,000; total, $!)66.00o.
ment of these bi nds as they shall severally mature has been a«snmed
of
the
ships
The
operations
Oompuny.
purchaser
8t«am*'hlp
the
by
of the 8 eamsh'pOcmpHny hnvebeen satlpfaotory. but owln» to the
pnrohafe of new slilps. the improvement of the ider In New Y >rfe, the
purchape of the new tug, a- d other items, no dividends upon the cap
ftal stock of the company have been paid for some time, nor can any
be expected dmini? trte onrr -nc year.
Obnbbal RBMAKKS—D.irlne the year there were established on or
adjacent ti> the railway I 'fi n-iw industries, representing 2< <iiir->rent
classes, with capital of $i,8t4,,5uO, and employing 3 »S0 hands;
2,316,281 peach trees wer« ni anted on oar lini^s during the year and
there was an InoreaHe of 24^.''30 peach trees oomlug lut) be*rljg
Th" miles of roai op'*rat-id h-ive tnor-'a^-'d 3 <•
during th<i year.
because of the Piorala Ex'enslon of the Chattah i.ichee <* Qaif Railroad (2J'79 mlle'41 and ihe acquisition and extension of the Lyerly
Branch on the UhatlanooKa Division (9 37 ml.es).
General Superintendant V. S. Moise says in part:
Bide and spur tracks aggregating 3S-99 miles were oonitruoted dur
ing the year; 4'45 miles of side and spur tracks were removed or
shortened. The work at Macon and Albany has not yet been com
pleted. but should be finished by Sept. 15, 1904. These lanpritvemems
will greatly faellitate the movement of freight trains and will tend to
withdrawn and sold
iB
i
1
economlz'the cost of oper»tii>n. Cross-ties to the number of 883,.'^94
were placed in the track dm log the year; stone, slag, gravel and oln
der ballast were placed urder S^'e/S miles of main track. One bun
dred and ten trestlen, aggregating 5,474 lineal feet of track, or 1*04
miles, were tilled with earth, and suitable waterways provided, at a
total cost of $' 1,^29. Six thousand tons of new Su-pound steel rails
were contracted for; 9,b54'25 tons of rails, received on previous and
this year's put chases, were placed In track, aggregating 7tt 80 miles.
The cd*raoter of the r^iils in main track owned and leased
(including 2 73 miles of second track operated), is shown
WBTOHT OF BTRSL RAILS
Pdundi—
June 30. leoi.
80
mlIe».H»a
1VU:<, nilie8.ai6
The changeH
in
70-7. 66 6^H e3)^
JOH
iSfl
ifi
1U4
188
447
IN
MAIN TBACK.
6m
100
e0}4
21
117
22
Td
m-i
664
Var. Iron. Tot.
»» 1.8H0
18
IH
31 1.847
equipment during eight years appears from
the foliowini?:
On hand June SO—
Loo mtti^es
Passenger rain equipment
Freight trxln q >Ument
•
1904.
1896.
1903.
211
906
2(^9
249
223
4,785
6,336
7.280
223
221
eqnU.mmt
221
235
BamtTig*.— Operations, earnings, balance sheet, etc., were:
OPBRATIOMS AND FISCAL RBSULTS.
8«rvloe
1903 04.
Aver mites operated
1,865
Operal'n* (rev. traf. vnly)—
2 904,051
Pass, carried 1 mile
90.440,464
Rate P'T pass per mile.. 2 393 cts.
Key. freight (tons) oar'd. 3.928. '75
Eev.fr'ht (ton^)o«r. 1 m..5596Ml313
Rate per ton per mile
l-llSots.
PMsengets Carried
Av. rev. trsln-load
Eari
(tons)
rr'ght tr'ii mile
p. paws, tr'n mile.
s. p.
arns.
783
OENBRAL BALAMCB BBKBT JUHB
Assets—
Investments
Materials and supplies
Deferred assets ...
Cash
h»nd
in transit
Due from agents
Individuals and companies..
Due from U. 8. Government
Trafhc balances
Motes receivable
Total
Liabilities
,
—
316493
892',(S56
40
(«
Vouchers audited
Paychecks
Interest and rentals due
Reserve fu>d
Improvement fund
Eqnlpmeni trust obligations
Miscellaneous
loss
58,081,060 57,096,850 56,029,057
Total
-V.
$
,000.000 s.oro.ooo 5.000,000
48,796.000 48,t<46,000 49.146,000
334,925
334.425
3 4,*25
12P,012
l44,2S8
132.2 7
409.584
:-56.873
201,589
26-,0."<3
26<»,886
305.141
lo«,l5l
I0'^,t92
108.352
7P8 576
655,807
440,647
58'i,f09
6^7,l62
526.566
178,768
1,296 363
12>'.0fl7
245,721
100,318
34^078
206,180
122,893
Fnnded debt
Intetest on funded debt
Thxes
and
1902.
$
....68.081,060 67,096,850 56,029,057
Capital Ptopk
frottt
1903.
$
53,625,114 53,47.^,114 58,47S,114
5?6..^66
178,187
1,29 ,3-3
315.371
76>.310
388,263
82=^.2''9
424,687
228.199
P5,37l
144.^08
66.481
8^4,636
1,412,"37 1,27 ,902
98,909
93.005
116.735
72..S22
48,>50
57,782
5"2
250.099
315.
3 7,0< 8
60.075
66,750
56,234
81,192
Road and equipment
Equipment trusts
Ca»'h In
30.
1904.
79, p. 6i6.
Quebec Central Railway.
(Statement for year ending Dtc. SI, 1903,
This company's road furniphes connectif^ri with QieVocfor
the trairs of tbe New York New Hnven & Hartford and the
Boston & Maire. At the annual meeting in London on May
Presidtnt Edward Dent sai'l in 8nb8t«nce:
The gross earnings for the year 1903 were the largest In the history
of the company— nam'-ly, $6S2,75'. which (<how« an increase of
The working expen-es however,
!B13,4 6 over the previous year
were $492. «98, which compares with $467,621 for the year '902. this
18,
shows an Ircrease in worklug expenses of $2.'i.077. ThiB increase is
maluly due to ihe hit-h pnceof coal which resulted from the prolonged
oua) strike lu the year i902, aad exiended Into last year «n'1 in a'lditioD there was an inoreasn in waves and in the C' st of materials generally. The cost of fuel for b oomoiives was $23,000 more thiu in the
ye.«r before. The net earnings were $190,059, a decrease of i\ 1.661;
but, in spite of this, we have been ab e to pay the same dividend on
the Income bonds as in 'he preceding year and carry forward $i0,989,
as agaiQ4t $8,745, and this, too, a'ter charging against revenue $14,730 for various renewals and for bailastin.:.
Owing to the low water in the rl ers, large quantities of forest produce could not be fl >ated to the railway, and this aooonnts for
the decrease In gross earnings which took place in tbe latter part of
the year. The number of passengers carried during 1901 w^s 2^7.210,
beiug an increase of 7,52 1. This gave us additional earniogs of
$12,791. This Increase in passengers is due both to throa.;h and local
traflSo, and as the country adjacent to our line Is buc>m1n<' increasingly populous, and new Inouscries are continually springing up, a
steady inciease la this direction may be oonH lenily expeocei.
The total freight carried daring the year amounted to 3-8,o06 t tns,
being a decreaie of 43,47u tons; but the average earnings per ton
Were $1-11, as against $1 in the previous year. Tbe dliuinution In
earnl gs under this head was only $3,61 <. This decreitse In the tonnage of freight carried Is due almost entirely to the extremely dry
weather. There are Immense quantities of umber which, in conseThe rotd has been
q'lence. oouid not be brouvhc down to the railway.
uiatnralned in good condition, an 1 each yenr wrt are repUoing about
10 miles of old 56 lb. rails by new ones of 70 lb weigbt. and during
la»l year nearly 17 miles of line were re-ballasted.
The new Qiebec
bridge aorooH the River 8t. Lawrence, some two or three miies above
the :ity of Quebec, Is now progressing but probably It will not be
llblshed for iwo or three years. In order to be In a posltloa to utilize
tbe 'acUliles which wlil be afiorded, we took Poriiam'-'ntaty powers to
subscribe to theproject if we considered such subscription (astidable.
Two or three years ago we aiso tooK powers to build a branch line
from Scott's Junction to thrt Qiebeo bridge. When that is fiQl-<tied, it
will probably b« the direct louie to Qurpec, and then we shall avoid
the lerry fr m Queoeo to Levis. The prospects for the current year
are favorable, although we must be prepared for an increase In the
ratio of working expenses. The gross earnings up to the end of the
second week in May were $247,061. wbloh shows an Increase of
$34,741 as compared with last ye«r. The net earnings to the end of
April were $64,516, showing an increase of $18, ;73 over the corre<
below:
do
J
.
Earns per
ojlle Of
Kamingn -
$5.039 41
road.
PasscLger
Freight
Mall and express
Mlsoellaneoua
187
$2 1435
$0 8U87
Total
1901-02.
1,845
1900-01.
1,678
sponding period.
2 370 cts.
2226
3,955.147
3,258,444
1-091 cts.
1-129 eta.
163
»1 9070
ots.
2 330 ots.
2,70«,9i5
577561852 471487448 43'060^54
188
$2-10J9
$0-8464
$4,968 03
1*064
ots.
163
$1-8168
$0 8616
$ )-0814
$4,20167 $4,124 85
1901.
$'?22.716
Gross earnings
Operating expenses
$682,757
492,698
467,621
422.166
Net earnings.
Other income
$190,069
167
$i01.720
$200,651
609
320
$190,216
$202,2i!9
$200,871
Total net income
Deduciions—
Flxealuierest
Interest on Income bonds
lSt.239
136,230
131,120
(2^4%) 37,Oll (2i4%)37,01l (liiSl24 674
..4,114
14,731
34.360
656.906
360,295
497.857
285,0:^9
84(1,121
253,460
376,268
9,396.931
9,164,471
7.750,691
6.920,716
The company has outstanding: Prior lien bonds, £152,hO0;
debenture 4 p. o. stock, £256,637; income 3 p. c. bonds, £>138,-
1,242.231
OOO.-V,
4,6.•l0.10^
831,796
2,443.46/
2»0,» 59
218.410
7,i87.8'?6 7,092,549 6,800.510 4,991568
exp. toeoriiS. (76-49)
<77-89)
(7«-84)
(72 12»
Net earnlngH
2,aifl,546 2,071,922 l,r.50,.8l
i.92w.i57
Other IbioUie
187,369
220,661
192,414
201,674
P
2,430,206
2,264.836
2.161,865
2,116,516
Interest on funded debt. 1,666,299
1,663.900
1,6«3,900
1.658,587
3IS0.104
860,104
847,903
48.8^4
14,911
8,674
Dedtict—
BaIabm let year.
31.
1902.
$6 9,341
1,641.882
.5^'qsTotal
c. ofop.
Total
Surplus
DIv. on •tlBoomee
Dlv. on 2d Incomes
1903.
1,795,502
6,322,039
.
Rentals
Miscellaneous
BBBDLTB FOR TBAB8 BNDINO DKO.
2,670,128 2,476,421 2,146.567
84,646,324 80,661,839 70,478.488
Sxpennet —
Malnt.n'nceof way, etc. 1,823,517 1.867.768 1,441,129
Malnt'oe of eqaltment .. l,25'i,597 1.416,221 1,022,316
Conducting tiatifpurfn 3,446,866 8,218.661 2.779 033
General
33^,^29
S30,0<«2
S88.661
Taxes
322,877
a69,B17
269,471
Total
;
2,004.004
6,302,314
2.164.658
6,227,550
847,817
...
1902-OS.
1,845
I
35-,H68
66,673
2,091,740 2,060,828 2,028,915 1.915.163
201,3.'>3
838,466
122,9tO
203,508
(5)200,000 (6)210,000 (3)120,000 (5)200,000
('/)l40,00u
d«(. 1,688
Improvements, etc
Balance, nrplni
or. 2,040
sor. 1,868
$6,865
$10.717
78, p. 1276,
United Traction Co. of Albany and Troj.
(Statement for the year ended June SO, ISO^-J
The results for the late fiscal year compare with tbOEe of
the preceding three years as follows:
1903 04.
$
Gross earnings.
1,690.?05
Operating expenses. I,lul,8tt2
Net earnings....
Other income
Total
1902-03.
8
1,606.090
1,076, S47
1901 01.
1901 02.
$
1,461,892
1,00*,9.7
1,S31.879
$
907,526
688.34i
14,5j6
629,242
18,215
466.975
17,716
424.364
6.829
608,879
647,457
474,691
432.683
Dtduet—
Interest
216.892
Taxes, rentals, etc..
DlTldenas (6 p. o )
BaL
179 335
67.316
229.487
214,151
8<,08 7
9 .SUl
249,i«97
34>4,997
for year.. ..ar.i8.72»
deM,e78
. .
inr. 8,608
$2,244
det«7^96
def.48,865
:
:
.
THE CHRONICLE.
784
BAL4H0I BHBBT Or JTDNB
1909.
$
1P04.
Aliif—
equtpmeDt
Stockn and bonds
9.718.677
of other COB
Caah OD hai
9.881,203
116,(195
192.6-9
42.919
61,600
f4,625
68.874
89,380
256,989
3•^7.65I5
d.
Open accounts
Materials and snp.
.
piles
Sandries
1904,
1903.
Capital stork.
4.9«'9,«5'i
4.909,950
Bonded debt
Int. due & accr'd..
Loans
6,141.(100
4,241, on
41.162
5.810
3M V74
*
21
Sundries
Dae
'0
f.
6.(J68
for wsges.
DaesuDrsA
Profit & loss
eS86«
[Vol. LXiix.
The
80.
LiabVitiei—
Cost ct road and
W.42S
215,871
164,464
taxes
(Bur.)
O.OOU
142.780
66,648
results for the fiscal yeturs ending June 80 are
1903-04.
190203.
1901-02.
Earnings from sales, less op. ohargcB. 9467,504 «a65.449 $378,055
Deduct Bond interest
$231,780 $231,780 $231,780
Replacement and betterm'tof equlp't
17,290
81,056
40.272
Depreciation
218,434
343 S'^l
39,818
HisoellaneoaB
8,722
9,068
Total
-V. 78.
.10,677.165
9.716.611
Total....
.10.677.163
def.
BALANCE 8BBET JUNE
1903.
AiitU—
t
$
Plant tnvestm't.. .16.846.382 16.622,756
1(104.
Brooklyn Bapid Transit Company.
^Report for the year ended June SO. 1904. J
Treasury stock ...
BUbald co..
The remarks of President Winter, together with tables Sfkof
Notes from subsid
ebowing the operations of the year, will be foand on pages COS. fO"- advan.Jkc
Accis
789 to 790.
A
comparative statement of the Brooklyn Rapid Transit
system for the years ending Jnne 30 is as follow:
CONSOLIDATED IHCOMB ACOODNT.
190304.
9
190203.
9
1901-02.
$
190001.
9
14,429,546 18,086.840 12,321,265 11,718,942
176,508
75.658
64,908
58,394
132,665
117,823
124,455
122.601
99.0.'S4
103.071
99.051
100,226
86.711
81,877
93,248
67,596
52,070
96,562
85,247
67,901
PaBBen«erfi
Freight, mail, etc
AdvertlBlDK
Rent of track, etc
Rent Of lands etc
MlsoeUaneonB
Total
13,557,814
12,788,168
12,135,5S9
way & Btrnot
619,848
Mant. Of fqalpment.. 1,217,924
495,188
812,600
Operat. power plant. l,^3.^.930
Trainmen's wages
2,677.443
Oper. of oars— mlaoel. 1,181,789
1,680,751
2,542,214
567.059
1,160.999
1.262.429
2,tO5,330
975,561
1,094,745
1,019,686
2,414,062
14,950,561
Expenses—
Malnt.
987,760
539,746
908.310
956,730
535,286
8,760.439
6,190,122
748,268
Fixed charges (net) . 4,062,967
Special app & mlsoel.
383,706
Total
Balance, sarplus
Damage
A.
legal ezp..
Oeneral expenses
Total
Net earnings
Taxes
.
5,184,921
1,005,201
89^,120
1,157,593
468,761
7,931,079
5,626,736
757,789
3,904,068
208,481
8,209.397
4,578,771
742,817
3,732,633
84,42)
7.216,008
4,919,655
754,626
3,5^7,122
228,678
4,870,338
4,689,878
18,893
4,570,426
349,125
COMSOLIDATED BALAMCB SHEET JUNE
1904.
Assets9
99,114,624
Cost Of road, etc
Add'ns & bett'ments not dlstrib...
Adyanoes
378,800
891,986
643,274
786,397
30.
1903.
1902.
$
$
92,488,400
1,037,019
88,299,310
374,883
5.479,787
1,943.980
214,674
1,681,267
5,417,706
1,783,718
203,992
380,987
4.005,7.^5
4,CC5,':55
255,228
185.275
386.849
265,228
336,^06
79,085
536,733
for construction
Brooklyn City RR. Go
6,0C3,941
Nassau Electric Oo
Prospect Park & Coney Isl. RR.
302,960
Brooklyn Union Elevated RR. ..
*1,816,617
4.005,785
6,870,228
Treasury bonds and stock
Dae from companies & individuals 294.441
337,728
Prepaid accounts
837,802
Material and supplies
2,600,893
Cash
Accounts recelv. & miscellaneous.
Conetruoi'n exp. constituent
416..'<4ij
598.721
16.187
533,426
Liabilities —
45,990,255 45,986,655 47,717,305
Bonds (i^ee Street Ry Section) ..66,9b2.040 57,524,000 52,524.000
342,140
337,140
Real estate mortgages
142,100
3,2^0,000
Loans and blila payable
fie,
644,460
Accrued Interest and rentals
867.156
38 6
8
1,327,881
1,096,974
Accrued taxes
1,070,4 80
791,187
Audited vouchers
1,041,799
376,684
115.749
Mleoellaneous
16:^,836
108.011
1,594,190
1,747,840
S91,444
Profit and loe 8, surplus
Capital stock
Total
liabilities
.121.084.989 108,714,640 103,797.181
To be reimbursed by issuance of B. B. T. Ist ref. gold mort. 4%
bonds upon deposit with cent. Trust Co. of oeitB. of indebtedness to
oover.-V. 79, p. 624, 268.
•
Central Foundry Company.
f Report for the fiscal year ending June SO, 1904>J
President Alfred Fowle Jr. says in substance:
Gehebal Results. —The
resnlts for the past year, while a disapto onr expectations of a year ago, 'wUl, we trast, be accepted as satisfactory, after taklrg into consideration the depressed
conditions that have existed in all classes of business, especially the
pointment
iron indagtries and ballding trades, and the labor troubles that have
been practically oontlnuons in certain sections; all of which have
tended to restrict consumption, reduce values, and, in some iDStaDces,
increase competition Conslderabln advanoement hae been made In
the develoiiment of certain branches of the business, from which
gradually increasing advantages should follow.
Central Radiatob Co.—The first year's operatlonB of the Central
Radiator Co. with a new line of supplies, untried by the trade, and in
a largely restricted and constantly declining market, has demonBtrated the company's ability to maintain itself under extremely adverse conditions. Duiing the past year its eqalpment has been
materially Increafed, and now Includes a full line of the staple sizes
and styles of radiators. The quality of Its product Is nnexoeled; its
manufacturing cost low; and with the return of a normal market, the
profits will be materially increased
Centbal Ibon & COAL CO.— Tbis company began producing Aug.
4,
constrnctlon w<<rk was completed, and has since that
d'fiiculiles Incident to the establishing of
labor organizations at ore mines, coal mines, limestone quarry, coke
which
each
of
properties mast be kept in practicovens at)d furnace;
ally constant operation and in constant touch with one or more of the
The cost of our pig iron has been steadily decreasing,
others.
and instifles the expectation of onr producing a grade of iron particularly adapted to our own consumption at as low a cost as any furnace
in the Birmingham District. The present cost will be farther reduced
as the production Is Increased.
OcTLOOK. -The conditions surrounding the future of the markets
for your several products are too uncertain at the present time to
justify »ny preillctions for the ensuing year; but it Is believed that
with your Increased lines a satisfactory profit can be maintained
until the oonsumpllon of the country 1b again on a normal basla.
1903, before
Its
time encountered the usual
bills reo.
Inventory
Cash
Unexpired Innur
Furniture
.
1903.
700.i>0O
7(i0,f>C0
1,100,0.0
703,000
Accrued bond
1117.908
189,219
40H."!il
4ifl,2l8
4-'l.8«s
Accounts payable I
Taxes ik licenses.. 5
e3.»47
3.025
4,771
£8905
.
4 flxt's.
ToUl
1P04.
Liah<H>i€tt
t
Oupl al B'ock
14,000,"00 14.000.000
Debeninre bonds. 8,8 3.000 a.863,000
In-
38,630
om
jo
'«>'.14^
i
447.839
(
38.680
14U.870
J
4.as
5.«()7
4,7"<1
18,168,77» 18,065,460
Total.....
18,168,772 18.065,400
f $10,000 notes discounted have been deducted, <x>ntraitliu{ with 1175.000
deducted In 190.'.- V. 77, p. 217.
International Paper Company.
(Report for the fUcal year ending June SO, 1904-. J
President Hugh J, Coisholm says
The net earnings in excess of dividends on the preferred stock
amounted to $717,258, which has been carried to surplus account.
The earnings were somewhat Iorb than the preceding year on
account of the extreme drought, which lasted for several months, and
the anprecrdented cold weather, which commenced In November,
1903, and continued until the latter part of March 1904 On account
of these oondltions, the company was unable to operate Its mills to
their fall capacity, and the consequent curtail noent of prodaction
added materially to the cost of the paper mannfactured.
Considering the otistaoies that the company has had to contend with
during the past fiscal year, and which resulted in such a scarlty of
paper,
it
Is
gratifying to be able to report that the
oomoany did not
fall in a single Instance in meeting all of its contra ts and In keeping
its customers supplied
At the time of the Baltimore fire, and during
the period of the scarcity of paper, the company not only met all of
the demands of its
customers, but was able to assist publishers
own
who had been obtaining their sapplies of paper from some of its
competitors.
The physical condiMon of the compfkny's mills hai been carefully
mainialued during the past year. A large sum of money has been
expended durinfi- the fiscal year on the Hndsoa River piant, situated
at Palmer. New York, with a fall of 85 feet, in the development of an
additional 5,000 horse power. This will make a total development at
this one plant of 22,000 horse power, which will all be used in the
mannfacture of pulp and paper, and which expenditure will result
in a gain at this mill.
The general condition of the bneiness of the company 1b satisfactory, and the oatlook for the future Is encouraging.
The earnings and balance sheet follow:
EABNIN08, EXPENSES AND CHABOBS.
1903 04.
1902-03.
1901-02.
1900-01.
S
$
S
S
20,304,514 80,142,771 19,719,420 20,711,902
Gross income
Cost of raw materials,
manufacturing, eto
17,150,531 16,529,310 16,818,225 16.750.246
1,5H9,7.")6
121,084,989 108,714,640 103,797,181
Total assets
&
30.
I
terest.
co.'s.
Guaranty fund
$320,988
$57,117
July 1,1901)
9,719.611
p. 2388.
Receipts—
•665,449
$467,504
Balance (credited to
Total
J
:
:
Net
Taxes, insur. and int
Balance
Divs. on pf Stock, 6 p.
.
Sarplus for year
PieviouB sarplus
Total Burplus
0.
3,153,983
1,092,323
3,613,461
1,082,^27
2,«01,195
1.003,740
8,961,657
907,267
2,061.660
1,344,402
2,530,534
1,344,402
1,897,455
1,344,402
3,054,390
1,344,402
717,258
5,259,173
l,18fi,132
553,0=>3
4,073,041
3,519,987
1,709.988
1,810,000
5,976,431
5,259,173
4,073,041
3,519,988
BALANCE SHEET JUNE
AMSCtS'^
Mill plants
30.
1904.
1903.
1902.
JB
ft
tt
42,014.400 41,925.446 41,251,235
Woodlands
4,165,145
4,015,044
8,980,433
Securities of sundry corporations. 0,024,693
5,621,487
5.477.523
Land Tights and water powers
101,201
104.727
104,502
Patents
10,000
12,000
12,000
Furniture and fixtures
35,449
37,003
39,340
Cash
780.565
848,605
586,107
Accounts and notes receivable
5,235,802
4,492,611
8,316,588
Inventories of mdse. on hand and
advances for wood operations .. 3,067,381
3,696,955
3,762,751
Total
61,434,637
60,763,878
17,442,800
22.406,700
9,866,000
2,9^6,500
2,460,216
17,442,800 17,442,800
22.406,700 32,406,700
9,866,000
0.866,000
3,023,000
8,087,500
2,405,687
1,166,420
88,500,488
Liabilities—
Common
stock.. ..^
Preferred stock
First mortgage bonds
Divisional mortgage bonds
Notes and accountB payable
Accrued Interest, taxes and water
rents not due
825,990
Surplus
5,976,431
Total
-V. 78,
p.
61,434,687
350,568
6,259.173
368,018
4,073,041
60,753.878
88,800,488
2337.
American Agrlcnltnral Chemical Company.
(Report for the year ending June SO, 1904.
Treasurer Thomas A. Doe says
The earnings for the year were $2,148,925, showing a steady imAfter charging
provement.
oflT
$309,968 for Improvements, better-
ments and renewals, and setting aside $338,186 for ooutlngenoies,
freights, etc there remained as profits available for dividends $1,500,771. The addition of «4Z8,790 to the surplus is considered very satisfactory. The total surplus on June 3o. 1904, after the payment of
two semi annuHl dividends, W4S $ ,777,927, the equivalent of about
,
10 per cent on the present outstanding preferred stock.
The large diflereuoe between current assets and current liabilities
has been more than maintained, the excess of June 30, 1904, being
$10,704,'ii.9.
The company has no bonded debt. In former atmual reports attention has been called to cash Investments in properties not indaded In
the original proppectus and in various additions to the company's
plants. On J one 30, 1904, these expenditures aggregated upwards of
$2,700,000, practically all of which was taken from the company's
ash working capital and replaced, as required, by cash borrowed on
Au&.
2
1
.
:
THE CHRONICLE.
27,1904.1
the oompiiny's own notes. At certain seasons muoh more cash la reQOlred for the pnrohase ol' raw materials, etc., than at others, ho that
the averajre outstanding loans amount to less than might appear
from the report Of the * 2,700,000 bills payable outstandlna: on June
30 1904, as shown by the statement, $1,100,000 matared and was
paid daring the succeeding month of July.
Collections have been remarkably good, and there has been a farther
substantial Increase In the ontout of manufactured products. Generally speaking, there Is a healthy tone throughout the business, with
pleasing prospects for the future.
The income accoant and balance
sheets are
shown below:
INCOME AOCODMT.
1902-08.
1903-04.
1901-02,
la,, aaAQooS $1,R20,197 il,066,988
Properties owned
*^'"*'*'"^^?
432.418
265.658
Properties controlled J
104,712
164,902
273,060
Other sources
1900-01.
$939,081
335,454
328,710
$2,148,925
Total Income
Lees general reserve... $838,186
Written off for improv309,968
ments, better' ts, etc .
Less mlsoellaneous
$2,057,327 $1,605,706 $1,603,746
$409,175 $211,539 $251,360
$648,154
$637,322 $162,981 $543,954
$1,370,005 $1,142,725 $1,059,791
1,078.800 1,028,754 1,024,740
Total
6
on pref stock ..
p. 0.
278,147
$1,500,771
ProfltB
.
Surplus
.
..
1 ,07 1 ,98
4,,fi9a,634
1903.
$
2,310.002
4,882,214
798,478
768,2^4
1904.
t
Aueti—
Z. 326,975
after ivorganl'n.
prop's..
1,,061.621
26,0C7
unexpired
Cash
In
2.<<.C65
bank
608
6M
1903.
11,818
14,493
8,700,000
4i4,170
2,278,000
I
able
surplus
453,608
116,006
113,744
1,777.927
1.319.187
77. p. e95.
ABBoeiated MerehantB' Company.
CReport for the half-year ending Aug. 1, 1904 )
Results for four successive half-years have been:
6 mot.
6 mot.
1,
1904.
to
Ftb. 1,
1S04.
6 mot,
Aug. 1,
For common stock
common
(3ifi%)...
1903.
$543,500
128,462
151,650
$239,088
$268,337
176,472(1%%)87,727
$96,724
765,155
$68,616
701,588
$180,660
520,879
f927.763 $861,879 $765,150
BAIJUfCB SHEET.
Aug, 1,
$701,539
Aiiett-
1904.
Aug,
\,
$1,950,676
1903.
$1,788,068
licCreery <& Oo. and 12,000
hares pref. stock Adams Dry Ooods Oo.,
representing $3,000,000 tangible assets
8,000,000
Stewart <& Co. t Bait., Md., \«ith work'g cap.,
representing $1,000,000 tangH^le assets
1,000,000
45,001 shares of stock H. B. Olsfllu Oo
*5,000,000
1,000,000
5,000,000
Contracts, leases, good-will, etc., of constlt.
COS. and of Ass'd March's Oo. and 6,000
hares Adams Dry Qds. Oo. com. stock and
2,000 ahares com. O. G. Qunther's Sons
6,000.000
OMta
Business of
J.
3.000,000
<
Total
Liahilitieg—
First preferred capital stock
Second preferred capital stock
Common capital stock
5,000,000
$16,950,676 $15,788,068
4,920,300
6,060,500
6,019,200
22,913
927,763
Int. aocrned on 1st and 2d pref. stock
Sorplns
Total
•
4,927,500
6,058,500
5,014,000
28,912
765,155
$18,950,676 $16,788,068
Book T«In« jQly
1,
1904, $5,188,811.— V. 78, p. 1108.
United States Envelope Co.
(Report for the year ending June 30, 190U.)
The statements for the fiscal years ended June 80 ehow:
190304.
Ket profit for 12 months
$572,091
IHducl—
Interest on first mortgage bonds ..$120,000
Interest on debenture bonds
10,739
DlTldendson preferred
(5) 187,^00
Depreciation
Sinking fund
Sundry adJastmentB
92,169
75,000
13,233
Total
Carried to surplus aoconnt
BALAHOB SHEET JOLT
1004.
Acocunis recelv'ble. 691,051
Cash
.... 16i,v01
Cash for coupons....
60,570
Tre»s'y stock, c m.. 260,000
do
preferred. 250,(i00
StnklnB fund
47u,65f>
Machinery sold
11,4*0
Total
-V. 78.
p. 1227.
6M.701
0.360
280,000
$444,940
$114,123
$384,246
$100,764
1,
1001.
1903.
hinbUitx**—
»
•
Preferred stock
4 .ooo.roo 1,000 0^0
Common stock
1 001.0(10 1 000.000
lot raortuiKe bonds. I.O'IO.OOO 2.00 '.OOO
Debenture bonds.... 200 OiiO 226.000
60.570
193,161
00
Res'rve for depr»c'n
•iVi iiOO
226,000
3'^3,B46
Profit A loss, surolus
Slnk'g fund reserve.
464,403
470.556
375,000
8f,0.i
H!,670
8,603,689 8,414,210
York Security
&
Trust Co., as trustee, $80,600,OCO of the
Nashville BR.
$60,000,000 capital stock of the Louisville
Co., on which dividends at the rate of 5 per cent per annum
are being paid.
The earnings and expenses of the Atlantic Coast Line RR.
for the year ending June 30, 1904, compare with those for
the year 1902-08 as follows
&
ToUl
1903-4.
1902-3.
$20,544,975
12,110,464
$19,682,456
11.9i0,337
$8,434,611
$7,772,119
for
2,103,487
1,152,962
$10,537,998
5,408,644
$9,925,071
4,876,447
Snrplas after fixed charges
$6,129,354
on oertlfloates of Indebtedness and
dividends on preferred stock
948,960
$4,048,624
Total net receipts
Interest on bonded debt, taxes, etc
Burplns
The
$4,185,394
1,149,671
$2,898,963
&
Nashville, for the year ended June 80,
1904, showed surplus earnings at the rate of 11 p. c. per
annum on its entire capital stock. (Compare V. 79, p, 781.)
" The combined surplus of the two companies for the year
1908-04 shows a balance, after payment of all fixed charges,
including dividend on Atlantic Coast Line RR. Co. preferred
stock, of $10,791,784,"
The bankers have already placed a considerable amount of
the aforesaid bonds at private sale. V. 79, p. 500.
Louisville
—
Barlington County Traction Co.— Consolidation.— The
stockholders of the Mt. Holly Street Railway on Aug. 11
voted to merge the company with the Burlington County
Traction and the People's Traction Co. under the name of
the Burlington County Railroad Co. The People's Traction
Co. recently completed a line between Mt. Holly and Burlington, N. J., about 7 miles in length, and at last accounts
had $250,000 bonds outstanding.—V. 74, p. 1138.
Chicago Barllngton & ({ainey R.U.— Listed in London.—
The L mdon Stock Exchange has granted a quotation on the
official list to $40,750,000 of the company's Illinois Division
,
^H
P^i*
cent bonds.
Called Bonds.-The company has called for redemption at
par $98,000 of its 4 per cent bonds due Sept. 1, 1921. Payment will be made on Sapt. 1 at the office of the New England Trust Co. of Boston, the mortgage trustee.— V. 79, p.
50O, 268,
A
Chicago Great Western By. Dividend on Preferred
Stock Omitted. No meeting of the board of directors has
been held to act upon the dividend, ordinarily payable at the
end of this month, and it is learned authoritatively that no
distribution will be made at this time. Dividends on the
preferred stock were begun in 1899, in which year 4 p. c. was
paid from 1900 to Feb., 1904, both inclusive, the rate was 6
p. c. per annum,— V. 79, p, 626.
—
;
190102.
$485,010
Bond coupons
Accounts pHT'tble...
»^
and interest, upon two months' notice; interest payable
Both principal and interest payable in
1 and Nov. 1.
gold coin without deduction for any tax or taxes. As
security for these bonds, there is deposited with the New
105
:
1908.
6H4,66<t
&
Chicago Indianapolis & St. Loals Short Line By. Co.—
Bonds Offered.- Harvey Fisk & Sons are offering at par and
Interest $500,000 of this company's outstanding issue of
$120,000
$120,000
$8,000,000 first mortgage 4 per cent 60-year gold bonds,
12,396
payment of principal and interest unconditionally guar(6) 187,600 (4>4) 159,375
29.871 anteed by endorsement on each bond by the Cleveland Cin50,044
75.000
75,000
cinnati Chlcaaro & St. Louis Railway Co. A clrcult»r says
1902-03.
$559,063
$498,631
$78,460
A»tttt—
\
%
Plant In vestment... 6,084,046 6.141.96.1
Stock In procean
7i6.x06
692.099
BB.— .Bonds Offered.— J. P. Morgan
Co. are offering at 95 and interest, by advertisement on
another page, the unsold .portion of the issue of $35,000,000
Naehville collateral 4 per cent 50 year gold
Louisville
bonds. These bonds are due Oct. 1, 1952, but are subject to
call for payment on any interest day at company's option at
Atlantic Coast Line
&
6 mot,
1903.
$241,499 $272,214
176,616
175,490
Remainder
$65,883
Snrpliubronght forward.. 861,880
SorplQB
767.
Interest
to Feb. 1,
to
Net earnings
$516,326 $547,132 $514,022
123,163
Int. (2 14%) on let pref. Btk 123,041
123,231
Int. (3%) on 2d pref. stock] 151,785
151,755
151,702
Div. on
&
1904)
Tot. Iiabllitie8.46.142.108 44.697,518
Aug,
BAILB0AD8. INCLUDING 8TBEET B0AD8.
Atlantic Coast Electric R.R. (Lon^r Branoli, Etc., N. J.)—
i^brecioswre.— Judge Lanning at Trenton, N. J., on Aug. 22,
ordered the foreclosure sale of this company's property
under the $500,000 mortgage of 1896, Guaranty Trust Co. of
New York, trustee. The Judge holds that the company's
interest in the West End & Long Branch Ry., the leasehold
interests in the Sea Shore Electric RB. and the line of
railway extending through Belmar are subject to the lien of
Sea Girt RR., the
the mortgage; also the Asbury Park
stock of the latter being, however, subject to the prior lien.
In its individual capacity, of the Guaranty Trust Co., which
holds the same as security for a loan of $100,000.— V. 78, p.
Net receipts from traflao
Income from other sources (estimated
80.713
636.773
to
GENERAL INVESTMENT NEWS
Gross receipts
Operating expenses
Total assets.. .40.442,108 44.537.51S
-V.
1904.
General reserve...
Reserve for renewals
Profit and loss,
16,238,064
2,194,000
2,»6«.400
e,71P,296
1.889 816
4.396.705
64,390
785
May
Accrued taxes
Bll s and notes pay-
Brands, tr'de-m'ks.
16.,241.889
pateits. etc..
Pref. stklntreas'y 8 .169 600
Com.stk in treas'y 2 93S SCO
Acc'nts recelvaole 7, 08.(171
Bills receivable ... 1 277 980
Merch. & supplies 4,,809,508
70,780
Insur'ce, unexp'd .
Taxes acd licenses
$35,051
.
1,040.274
1.061.621
86,067
1,,070,48»
$113,971
80.
—
Prop'ty purchased
Phosphate
SchooDers
241,222
51,371
LlablUties—
$
t
20,0no,0no 20.000.000
Stock, common
Stock, preferred. .20,000.000 20.000.000
Currei't accounts
payable
3B3,IP0
394 637
tnes,
Lighters,
tools, etc
249,555
1,837
$291,205
$128,790
BALANCB SHEET JUNE
Real estate
Bulld'gs &niach'y.
—
H0..'4«0
17' 014
.^'^o.^'4^
8,603.689 8,441,216
These bonds are secured by a first mortRajfe Hen on all the railroad
of the company and all property appartenant thereto, oonslRtlng of •
doable track line from Hllsboro, III on the Cairo VIncennes A
ChloaKO Railway (the line of the •' BU Foar " from Terre Hante to 8t.
LoDls). to Mitchell, a point on the same line, 45 miles distant, forming
a eut off between the two points and shortening the distance between
IndlatiapollB and 8t. Lonis, at the same time providloK a line with
better (frafles. The road Is praotloally a main lino division of one of
the moat Important parts of the ;leveland Cincinnati ChloARO A 8t.
LoDlH Railway Oo.'s system, all of Us capital stock Is owned by that
company, and the earnings, operating expenses, etc will be Included
,
,
In Its reports.
See also advertisement on another page.— V. 78, p. 1906.
Chicago & Oak Park Elevated Rj.—LiHted in Chicago.—
Both the common and the preferred shares were llsced on
the Chicago Stock Exchange on Aug. 17.— V. 79, p. 263,
—
THE CHRONICLE.
780
Chico(Ctil ) Elertric Rf.— Bonds— The eharftholdera will
vote Oct 7, in room fli6, Rialto BuildiDe, R^n Francisoo, on
isening |2no,00O of $500 bonds. D. Howard Foot is Secretary.
Cinrlnnnti Hamilton & Dayton Vij.—Preffrred Stock Readjui-tvient.
Wben tbe control of th« C. H. & D waa acqnired by tbe pyndicate, it was not contemplated t^ dlstnrb
the preferred stoob; bat, owing to the contentions made in
opposif.ion to tbe deal by preferred stock holders, an agreement was finiilly enterel in'"o to parcha->e tbe latter stock a*^^
To provide the fnnds for
110, as ontiined in oar last issue.
this purpose a one-year loan for about $'',700,000 has been
negotiated with a syndicate beaded by H. B. HoUins
Co.
It is proposed to retire the 6 per cent preferred shares, which
are entitled to participate with the coaitnon in dividends
above 5 per rent on bf'th stocks, and to issne a new preferred
limited to a fixed dividend. Mr. Newman Erb who has baen
closely Identified with the consolidation plans op to date oppopes these m^asn^es, and is quoted as sayine:
—
&
Intend to resign the Tloe-presidenoy of the Pere
probably retain my place on the board of <ilrectorB for tbe p'ecent at least. I was opposed n< t only to the loan
net^otlated by the Ctnolnnatl Hamilton & Dayion with H. B. Holilna
&. Go., whtob apparently bears a hitch rare of Interest, bat also to the
naethod of dlcposUlon of the preferred stock,
^ooordlne to the
a^reenaent the preferred atook, which at present Is entitled to
participate wlTh the common stock In dividends above a certain
ngnre. Is to be bonetat in at 122 and new stock to be re-Issued at
the paaie price to tabe op the loan. Tbe new stock, according to the
terms. sba>I be entitled to receive 5 p. o. dividends, but shall not participate with the con mon In any dlsbarsements beyond that amount.
It l8 trne that
Marquette, but
r
I
«>h»ll
&
Co., as quoted, say: "The net cost of the
money to the road will nor, be more than 5 per cent. The
syndicate had several things to look out for besides a mere
loan. For instance, the preferred stock had to be under-
H. B. Hollins
written."
.
Holders of the 4 p. c. guaranteed stock have asked the syndicate to purchase their holdings at par.
Mio Mortgage.— See Pere Marquette R. R. below.— V. 79,
p.
783 680.
Clevelard
Cincinnati
Chicago
&
St.
Loafs
Ry.—
Bonds.— See Chicago Indianapolis
Loois Snort Lioe Ry. above.— V. 79, i. 733, 101.
Offering of Ouarariteed
& at.
Coatanila & Pa<iflc B..R.— Offer to Purchase. -"The bondholders have received notice from Robert S. Hodspeth,
counsel for the receivers, and from trustees Heibert R.
Stratford of Jersfy Ci'y, H. M, Noel of St. Louis and W. B.
Myers of Allentown, Pa., that a New York syndicate interested in Mexican affairs has offered to buy the road from the
receivers. The purchase price is said unofficially to be
$l,75i>,000, or eufficjient to pay outstanding claims and 50 to
55 per cent on the face value of the bonds "
Tbe foregoing statement from the daily papers was submitted to one of the receivers, who replies : " The above data
are not correct. It is not possible to give definite information at present. Will do so as soon as practicable."— V. 77,
p. 849.
Delaware & Had8on Co.— See New York & Canada R. R.
below.— V. 78, p. 1906.
Des Moines & Fort Dodgre RR.— Preferred Stock Dividend
JBecr weed.— The annuul dividend paid Aug. 1 on tbe preferred
stock was only 5 p. c, contrasting with 7 p. c. per aonum
from 1899 to 19u3, inclusive, and 6 p. c. from 1896 to 1898.—
[Vol. liiii.
aathor of an illustrated article describing this property,
which was published in the "Engineering News'' of Aug. 11,
-V.
78, p. 702.
Hongac Tannel & Wilmington R.R.
Change in ControlPresident —John P. Kellar of Malone, N Y,, nas been
elected Presidnnt and a director of this narrow-gaug-* road,
which extends from WiimingtoD, Vt., to Hoosao Tmnel,
M'jps.. 24 miles.
Martia A. Brown reniiina as Tr«HSorer
and Moses Newton as General Managt-r. The election of Mr.
KelUr is supposed to mark the snccess'ul conclu-ion of the
negotintioDs which have been pending for some months past
for the sirle of the property to a syndicate which plans to
change th<) line to standard gauge and 'o operat^e it in oonnectioa with the development of some 133,00J acreaof spruce
land ia the Southern part of Vermont.
Manila (Steam) Railway.— Spe^v^r cfc Co. in Control.— At
a meeting in London on Aug. 23 the s^arHbolders ratified an
agreement entered into with Soeyer
Co. of New York to
pnrchas- £420,000 in 2t^-year 6 p.c. notes and £1 000 in deferred
stock carrying special voting powers, thus i/lacing the control of the road in the hands of Speyer
Co. The notes
have already besn placed. The company's line runs from the
Port of MaLila to the Port of Digupan, a distance of 120
miles. The capitalization prior to the recent is-ue was as
followp, the aforementioned 6 p. c. notes ranking ahead of
the £730,000 of 6 o. o. debentores:
New
&
&
Authorized.
lesutd.
Ordinary stock (£10
hnrei.)
Pref " p.c.
cum. (£10
sharec)
Authnriz'd.
M. 5 p. c. stock
£^00.000
Prior lien 68. "A"... jj-'^.oiK)
B"... 30'.00>
Debentures 6 p. c .. 7ji0,u00
1st
£200,000 £132,090
•
300,000
300.000
.
/irUML
£U0 00a
28S.00o
300.00};
TSO.OOn
niHHoarl PaciHc Rj.— Descriptive Artrclfs—The "Riilroad Gazette" of this city is publit-hing a series of articles
reeardiog the Missouri Pacific system, the issue of Aug. 19
describing the reoonstruitioa wjrk, new lines, etc.— V. 78,
p. 1109, U15.
New Yorlc & Canada RR.— Preferred Stoek.—The share,
holders will vote Sept. 8 on a pr >poaition to increase the capital stock from $4,OOO,n00 to 19,000,000.
The new stock will
be 5 p. c. non-cumalative preferred stock and will be issued
to the Delaware & Hudson Co. in pavment for the bonds
which the latter paid on May 1, 1904.— V. 78, p. 17S2
New York Central & Hudson Rifer RK. Co.— Offer of
Exchange for Maturing Bonds. H-irvey Fisk & S )ns, 62-64
Cedar Street, are prepared to take the $5,146,000 debenture
bonds maturing September 1, at 100 and accrued interest to
date of maturity, in exchange for the new issue of thirty-year
4 per cent d-^benture gold bonds due I93t, at 99i^ and acciued Interest. Compare V. 78, p. 2384. -V. 79, p. 734. 270.
Pere Marquette R.R.— New Mortg ge. -The company has
filed a refnuding mortgage for $65,uu0,' OT to the New York
Security & Trust Co., as trustee, to secure an iasue of 50 year
4 per cent gold bonds dated July 1, 1904, and due July 1,
19.54, without option of earlier redempti>n, interest payable
Jan. 1 and July 1. The new bonds are applicable as follows,
the amount to be issued in the near future not haviog been
determined:
loanable when requested by resolution of directors
$3,051,000
Reserved fur extensloos and second track at not exenellnK
—
$25,<'00 per mile of single track (standard ^aui^e) completed and eqalpped and $12,000 per mile ot second
iraok, exciUHive ot switches and sidings.....
13,175,000
Reserved, Issuable only to retire a like amount of existing
V. 79, p. 268.
bonds
46,774,000
dalnesTllle Jefferson & Southern R.R.— ^/idorsers of
Note. The existing bonds covered by the la«t item are the $43,773,Bonds Following the wording of a printed adv^^Ii8empnt, 622 bonds >'hown on pages 20 and 21 of the rep'^rt for cbe year ending
$19,000 equipment t>onds rede^me'l and plus
we last week inadvertently spoke of the Georgia Railroad & Deo. 31, 1903, less
bonds for
new bonds Issued. The additional $j,ul9.0
Banking Co. as endorser on certain bonds of the Qaln>'S- $3,019,000
which reservation Is made are a farther $ 288,00 0'>ni«ol. 4s of 1901
ville Jefferson & Southern.
This was a mistake, as it is the (theremiw b<'inK $10, i70.' 00 thereof outstanding), a further $819,leseees of the tieorgia Riilroad & Binking Co., who style 00>> EsxU-rn Equipment Co. Ss (present Irt-ue, «<. 0^7,000) an $LL2,themselves the Georgia Railroad, that are the endorsers of 000 equipment as of <90i of the JLake Erie dc DdtroU River R/.
S-e also (Jineinnati Hamilton & Daytun Ry. above.— V. 79,
these bonds and not the Georgia Railroid & Banking Co.,
which has nothing whatever to do with the guaranty. Com p. 270, 213.
Qoebec& Lake St. John Rj.— Additional Prior Lien Bonds.
pare first mortgage endorsement V. 78, p. 1549.— V. 79, p.
— The prior lien and the income bondholders at meetings in
733, 6i!7.
6ei»rgla Southern & Florida Ry.— Earnings.—The earn' London on June 27 voted to adopt the provisions of the Act
of the Legislature of tbe Province of Q i"beo, amending the
inps for the vear endinsr June 30, 1904, compare as follow^:
Fiscal
Orott
Net
Int. on
O her
THv.
Balance, compai.y's charter so as to permit of a ronher i^sae <>{ prior
yeai
earninyt.
earnings, income, bonas, etc. paid
gurptus. lirn 4 per cent bonds to the extent of not exceeding £300,000,
1803 04. .$1,693, 541 4i4l.->.077 $lti,3i8 $2a7,,5z9 $ 7,660 $66,32.5 to be is^-ue^, when required, for capital purposes only. Not
1802 03.. 1,635,191
400,789
14.792
260.«b3 77,560 77.338
more than £150 000 of these additional bjnds are to be is<)ued
The dividends include 5 per cent on first preferred and 4 without the consent of the bondholders. J. G. Scott, Manper cent on second preferred in each >ear. Average miles of ager of the railway, said in subptance
road operated in 1903-4, 395, against 358 in 1902 3.— V. 78,
The present bonded debt 1« £200,000 In 4 per cent prior 11'^n bonds,
—
>
;.
1
—
:
£442,400
p. 1781.
In 4 per cent to 5
6 per cent laoome bonds.
per cent mort*ra<>< bonds and £610,100 In
The
eftrnlcgs are steallly Incr-astatr,
and
Grand Trunk Railway of Canada.-StVv Months' State- the road Is "perat-d with the greatest possiolrt eoonoinv. Ca^ directment No Divinenda on trtferred 6'<ocfc.— Sabj-ct to audit, ors have b 'Cn adveree to any Increase In the bonded debt, bnt they
the results ol tbe a counts for the half year ending June 30, hope th»t they will poan be able lo pay the Interest on tae Inoomo
bonds, the interest on the prior Hen an<l m'>rtga<t^ mds havirnr been
1904. are stated as follows:
Gro»».
6 mos. end.
Net
June 30.
earnings, earnings,
1904 (.irt)m.)...*2,.-.")9 aoO «oe:-.700
1803 (actual) .. 2,778.080
783,049
It
More engines and cars wil soon be
iDcreused 8ni>ply of lumber and i'Ul|;>.
reKUlany pall.
Net
charges.
Balance,
Advances,
surplus.
£ 2 1.600
2.^4,528
*6i9,;o0 *t9.4oO
&14,156
14,365
The suplus as above in 19a4, together with the balance ot
remaiLicg D^c. 31, 1903, will admit of the payment of
£2,7"
the fnll dividerd f r the half-year on the 4 p. o guaranteed
stock (about £123,000) and leave a balauoe of aboat £4 300 to
be carried forward. Last year the divideod on the 4 p. c.
guaranteed s-ock called for £104,896; a dividend of 2% p. c
wap paid on the first preferred stock (£•^5,421) and a dividend
of 2% p c. on tbe second preferred (f-^.S 210), leaving a bal
ance of £5,6U0 to be carried forward.- V. 79, p. 269.
Gnayaqail & (Jjalto iiy., Ecuador. -De*c ip<ion -Chief
Engineer and General Manager John A, Harmon is the
Th*<
K'extly
mile In length, to cost about $14,600)
Is
ne-(l>'d to handle
A. branch line (a
needt-d fromih->s Mtlon to
ibe Hteamooat wharf at Rob'^rval, and h^'avlr^r rails aodocli-rlmprovement- win soon become urj^ent. particularly the c 'netruotlou of a
branch line of S'^ miles to La Toqae, 'he h-al of ih-< staamooAt navl>;titlon on thi R'Vf<r St. Maurice.
This branch will have a large
trafflo from ihe lumber operations of ih« 8t M<urloe terrlt iry, and It
will lead to The development at La Tuque of a waterfall «>f 90,000
bcrse power The chief engineer esiliuaiMs the cost of ih-t propoiad
branch at $63-',H44, or about £3.400 per mile Th- oomi-any hasobta u>-d a suhoHy from the >omlnlon fovcrnaiHnr of $3,200 per mile
»n<i from the Province of QaeOco of 4,000 acres of land per mlie. Assuming ihat tbe land shuuid be worth only $1 per acre (alth UKhthe
spruce land In th>' same district had been so d late y «t $2 to $2 2^ per
It Is ezacre), the cost of th« branch would theu he abiiut fi^.-s,©
pr-ct>*dtbat h« tratlio per mile will be much greater than that, of the
It Is n'C the lnt»'ntiou of th^ D'i*rl to Issue any larger
amoant of tbe additional debentures than Is aotnally needed— In fact,
not more than £ 150,0 JO for some time to come.
mainline.
—
THE CHRONICLE.
Ajsg. 27, 1904.]
than 91 25.000, and the Seaboard Air Line hold* In Its treasury entirely
unplelged, and exclusive of Its own treasury preferred and common
stock", other (securities worth from $l,S00,00O 'O «2,00 >.0(K>.
Track-laying from Atlanta to the Jaootion with the old East &
West RR Division at B, >ckmart, Oa., was completed day before yesterdny. The entire line through to Birmingham Is to be finished before
Nov. 15. The traffic department of the Seaboard A.lr Line has estimated that the gross earnings of the system the first year after the
completion of the Atlanta A Birmingham line will increase
$2,000,000.
See also V. 79, p. 784 153.
In the last fiscal year the companv carried 247,905 passengers and 318,780 tons of frfight. Officers :
Presideiit Gaspard LeMome, Qaebeo; First Vloe-Preeldent,
HaDBOD Monireal: Peoond Vlo*» President, John Theodore Robs,
Quebeo.-V.78,p. 2600.
Richmond (Va) FasBenger A Power Co.— Bondholders'
Committee.— A. bondholderb' protective committee has been
formed for the purpose of joint action, and an agreement has
been prepared under which the first consolidated 5 per cent
bonds mny be deposited with the Central Trust Co of New
Trnnahnll,
York. The following are the committee: W.
of E. H. Gay & Co J. S. Cox, of John H. D*vifl & Co.;
Wm
H
;
Henry Whelen
Jr., of
Townserd Whelen
New
&
Co., Philadel-
York. The July coupon
phia, and Douglas Robinson,
will have been in default sixty days on August 29, and under
provision of mortgage the trustee may then declare the
majority of the bonds are represented by
principal due.
A
the oommictee that has been named.— V. 74, p. 884
Bocbester (N. Y.) Railway & Light Co.— First Dividend,
This companv has declared its first dividend, viz , 1 p c.
on the preferred stock, payable Sept. 1 to holders of record
Aug. 24. The company was incorporated on May 24, 1904,
and its preferred stock [cumulative] Is entitled to quarterly
dividends at the rate ot 4 p. c. per annum from June 1, 1904.
V. 79, p. 213,
to June 1, 1906; thereafter at the rate of 5 p.
c—
St.
Lonls
& Saa Francisco BR.— Bond* Sold.—The Ger-
&
Co., has exersyndicate, represented by Hallgarten
cised its option on the company's treasury holdings of 4 p. c.
refunding bonds, and has disposed of the bonds, mabiner
$58,997,000 of the issue outstanding. Compare V. 77, p. 2391
and V. 79, p. 270.— V. 79 p. 270.
Seaboard Air Line Rj.—Cfiange in Control— S. Davies
War field, President of the Continental Trust Co. of Baltimore, fioally negotiated on Saturday last a sale of the SeaSons of Richmond
board stocks owned hy J. L. Williams
Co. of Baltimore to the Ryanand J. William Middendorf
Blair interests, which for the past six months or so have represented the majoiity on the voting trust. The sale includes
the entire holdlcgs of both firms and embraces over $14,0 lO,000 of the $60,9110,000 stock ($23,900,000 of which isireferred), about equally divided between preferred and common. The price was $15 per share net for the common and
$2S net per share lor the preferred, the stock to be delivered
and paid for at once. The purchasers are: Th mas F. Ryan,
As a result of the
Blair
Co. and P. J ff arson Coolidge Jr.
deal John Skelton Williams and J. W. Middendorf will retire from the board cf directors.
Mr. Wllii>ims on Aug. 21 made the following statement:
I advised Mr. Ryan that as the sale would embrace all of the s^^ook
owned by myeelf and my firm I woald desire to retire from the
board of direoturs as soon as the stock shoald be delivered and paid
for, and that I thought it llkt^ly that my associate, Mr. Middendorf,
woald desire to do the samfi thing.
As thn Ryan B atr syndloiite Is anderstood to have owned aboat
60,0C0 shures of the stock prlnr to this parohase. Its total hnldin^s
now probably amount to ahoat 2uO,000 shares, or aboat one-third of
the entire stook ot the O'^mpany. Of the bulanoe ot the stock, moxt of
It Is hel<l In Maryland and thei South, and la largely soattt^rem amunc;
OOmparHtlvfl? small holders
If tbe company can now be as8ar>-d of
» good atid ablHoperatloKT mana^emt^nt In addition to 'be strong floanolal baoklr.g which It etj >y«. stocknolders may confidently look forward to handsome returiis npon their Investment at no distant day.
With the co-operation of Director C. Sidney Shep»rd (f
New Havtn, N. Y,, and other friendly interest'^, the Ryan
Blair syndicate is understood to control a majotity of the
share capital. Tbe committee referred to last week is still receivii g deposits of the stock under their protective agreement.
Tnomas F Ryaa has made the following statem -nt, denying
that the road is to be dominated by any other company:
" The Seaboard Atr Line will be operated independently of the other
railway syj-tt-ms In the Sonth.
The suggestion that h*s b-en
variously expressed that the Atlantic Co*«t Line, or the 8'>athern,
or any other rutlroad interest is directly or iodlreotly interest«d In the
purchase of the Seaboard or that the managurs or owners of soch
properties -« ill in any way icflaence the management of the Seaboard,
la without the slightest fuundatl n."
&
&
&
Financial Sfaf««— Chairman Williams, on August 20, just
prior to the afoie-ald sale, gave out the foMowlng :
Gross earnings of the Seaboard System for the tw<>lve months ended
JuneSo, i9o4, exceeded <!l '.•lOO.oOO. The eurolns earcingp, after
the payment of oi^erat'Dg expenses, taxes and flx^d oharves Including Inteiest on bonds, interexi on car trusts and rentals, Hmoun'ed t
$500,0)0. From this balance, however, are to be dedncted other interest and coiiinjii>st(ins i aid during the year to syndicates tnd s.\ ndl
oate manH^erH which are no- properly chargeable under the h^ad of
regular tixed charges. The company has shown this surpin* over a' d
above regolnr fixed charges notwithstanding the fact that it was
operated dniirig ihe past twelve months at a higher ratio of expense
than any other railroad of tqual fize In the United State".
Tbe Seaboard Air Line is earning at the present time the samn grns-*
earnings tier mile mm th»> Atlantic Coast Line, and wiin proper inanave
ment chduld be operated ar, approximately as low a ratio of expeoHes.
If this Si ou d be done the Seuboard would be able, even •>n th.- v)r«««nt
basis of enrnlDKB wthnui any Increase, to pay 4 percent dividends on
preferred stock i»n<i 3 p-r cent on common.
The statemtnt tliati the cimpany has arranged to borrow between
1700,010 ad $80. ,000 is rulsleadlng. The resolutl'-n of the hoard
was » general one, aoih>r z nv the Treasurer, in the event that h«
should rtqair funds, to make temporary loans therefore; b'lt it l« 1)?
no means oerta n ih«t it
I'l be neoeHnary for hiin to mabe any euoh
loans The ca^h which the company has n hand ar the preoeiit t lue
and tbe cash comlig Into it wnbiu the next, ninety days from the tltsi
Atlanta A HiiujiiJ^h m bond syndlCHte amoonts to hboiii*l,6 O.OCJO,
exclusive of all othei rei elpts The Seaboard Air I>ine li in loatied large
sums of money to the A'lanta A BirmlnKham for con-trnetlon purposes, and ax track Is laid and completed these bonds are being delivered to the ejndicate and paid tor
Exclusive ot car trusts, neither the Seaboard Air Line n'T any ot its
constituent cumpitiil.-n have any notes or hills payal>ie ontHtaudtng of
any kind except for certain deterred payments on real estate due
during the next three or four yeurs, amounting in the aggregate to leaa
>
>^
t
Soatli Side Elevated tLR.— Extensions.—The company has
placed a contract for most of the structural steel required
See United
for its S^ock Yards and Euglewood extensions
States Steel Corporation under ''Industrials" below, and
compare V. 78, p. 582 and 2388; also V. 79, p, 734.
Teicas Southern Rj.— Receivership Continued.— Jnrig<i R.
B. Levy of the District Court at Mart-hail, Trx., on A.tignst 19
cot firmed the appointment of S. P. Jones as receiver. The
road runs from Marshall to Winnsboro, Tex., 74 (not 24)
miles— V. 79, p. 271.
Tidewater Railway.— ficport Denied —Regarding the
press report that this company or its friends bad acquired
Powhatan
Pr sident Wm. N.
control of the Farmville
Page of the Tidewater Company writes: "Tnere has been
some error in attributing this purchase to the Tidewater
Railway Co. I know nothing about the transaction and can
give you no information npon the subject."- V. 78, p. 1962.
Ylrginia Paaaenger & Power Co.— Bondholders' Committee.— Hee Richmond Passenger Sc Power Co. above.
&
168.
man
787
V.
RR
79, p. 682, 628.
West End Street Railway, Boston.— Sale of Stock —At
Boston on Ang. 24 R L. Day & Co. Bold at auction $'50,000
new common stock at prices ranging from 91^ to 91^,
Moors
par
& Cabot bidding in
2,700 shares at $91 60 per share
$50. -V. 79, p, 68!J.
West Ylrginia Central & Pittsbargh Rj.—Shttire Stock
by Western Maryland RR —See that company on
page 782, under ''Annual Reports "—"V, 78, p. 2386.
Wisconsin Traction Light, Heat & Power Co.— Proposed
Purchas <.— The shareholders will vote Sept. 2 on a proposi-
Now Owned
Q
Fox River Valley -is & Eiec rio Co.
the gas nsed in Neenah, M^nasha and
Appleton, Wis., and all the electric light used in Neenah and
Menasha. The purch&se will consist in acqairlng a mt jority
of the capital stock. The Fox River Valley Co. is capitalized
Compare bond offering
at $4on,000 stock and $350,000 bonds
in V. 76, p. 1410 and V. 77, p. 93.— V. 73, p. 288.
tion to purchaee tbe
which furnishes
all
INDUSTRIAL. **A8 AND USCELLANEODS.
Adventure Consolidated Copper Co.— Assessment Called.
—Notice is given that an aHsessment of one dollar has
on each shire of the capital stock, payable at the
No. 45 Broadway, New York, as follows: Fifty cents
p^r share on Sept. 15, 1904; fifty cents per share on Jan. 10,
9 15. Transfer books will close Aug. 25, 1904.
The capital
be«4n called
office.
1
stock is $3,500,000, in ehires of $25 each, on which $18 per
share has b^-en paid up. The compa ly was incorporMted in
Michigan Oct. 17. 1898, and acquired mines in Ontonagon
County, Mich. President, Isaao
M^rserv; Secretary and
Treasurer, William R. Todd, 45 Broadway.
R
American Cotton Co.— Pton of Renrgamzation.— The
re-
organization cotumittee consistiog of Cornelius N. Bliss,
Ctiairman; J, Edward Simmons. A. D. Juilliard, Elmand C.
Converse, William C. Levering, Maxsvell Woodhull, with
T.
Lament, Secretary, 7 Wall St., N. Y City, has prepared, under date of Ang 19, a plan of reorganization, under
which the security holders are asked to deposi' their holdings
with the Bankers' Tr. Co., as depositary, on or before Sept. 8.
The plan provides for the organization of a new company
which will issue the following new securitiea to take up the
existing stock and bonds and the note^i of subsidiary companies endorsed, acd to provide $1,500,000 of working capital,
which is tbon-rht sufficient to place the enterprise on its feet:
(1) First mortgage 6 per cent 15-year gold bonds, denomioattons. 1,000, $00 and (10*, to bear interest
from such date as may be determined by committee ...$1,500,000
W
All to be sold at par to atsenting security holders.
First preferred sto k, 7 per cent non-cumulative.
This stock shall be "entitled out. of any and all surplus or n-t profits to receive non-oumulative dividends,
whenever the Sitme shall be declared by the board of
directors, at the rate of, but not exceeding, 7 per cent
per annum for each and every flsi^al .Tear, before any
dividends for such fiscal year fhall be dec a'ed, set
apart for or paid npon any ther stock of the corporation; and alsorh^ll be entitled to hare pro ra fl, and in
the proi>ortlon that the Issne of such first preferred
stock nutRtandiog at the time beliiR shail hear to the
totni Ktock Issue < f the company outetandinK at the
time being, in any and all dividends which may be declared for such fl-oal year in exoecs of 7 per cent upon
the first preferred, neoond preferred and common
8t>'Ck."
Also entitled to first preference In the p»yment of ptlncli al in ibecaseof liquidation. Provi-icns
(ball be made in the articles of incorporation thiit no
other mxrtKave or iien of sny kinfi and no other Isoue
of stock bavii i; rrlorliy over or eqna'ltv wl»h the first
preferr. d look sbai.' be created i<v the new company
or any subsidiary without the sHI'mHilve vote of at
least hO I f r cent of the first preferred stvck ontstai.d
(2)
<
f>
$6,300,000
ingatthetimebeli.g
Of which to holders of debctore bond*, notes and
6,076,000
boi.ds
other obligations srti>soribin»f to new
To holders of common and preferred stock subsoilbing
800,000
ton.-w bn-'s
425,000
Fur sale and reorganlr.atlon purposes
A
788
THE CHRONICLE.
^;°o"* prj^t. Btook, 7 per cent non-onmulatlTe. with
^'L
aiTlrtend rl«hu Blmllar to those of the flr«t preferred
stock, bat BDbnrdlDate thereto
All to hol(l..r8 of pref. stock subscribing to new'bondi'
(«)
Common
stock
go ooP oon
'
'
04
150 ODD
Of which to holders of debenture bondB,' "notes" and
'
'
other Indebtedness subscribing to new bonds
1,750,000
To holders of common and preferred stock aubsorlbl'nff
to new bonds
__^_
2,260,000
For sale and reorganization purposes. .'.".1*'11"11'"'.1"1
150,000
The terms of exchange are as follows
-And r««it)«~
nolders of $100 o/Cash.
Ist 6s. Com. stk. Ut vref. td pref
Preferred stock («3. 000.000)—
If suhscrlbintr to new bonds
$20
$20
$20
$20
$6693
If not snbflcrlblng
,
Gommon stock
to
new bonds..
($1,000,000)
15
—
Ifeu son bintr to new bonds
5
If not subscribing to new bonds...
10
Debenture bonds ($2,000,000), notes
and other Indebtedness (say
$i..
J
V
^
600.000)—
It subscribing to new bonds
20
20
50
145
If not subscribing to new bonds
115
The snbsldiary companies and the number of their plants
owned (comprising lands, ginneries and presses) and the
number of presses leased by them from the American Cotton
iuo. (located in each case in a similar
number of cities, towns
or villages) are as follows:
t
yame of company-
^owned'
Texas Cotton Prodncte Co. (Houston District)
do
(Dallas District)
- ^, <^o
'
19
No. plants
Uasi d.
V!8
20
27
Indian Territory Cotton Products Co
16
17
Oklahoma Cotton Products Co
6
6
Arkansas Cotton Products Co
5
28
Louisiana Cotton Products Co..
Nona
17
Mississippi Cotton Prcducts Co .
11
13
TennesseH Cotton Produc 8 Co
2
7
Alabama Cotton Products Co,
4
32
Georgia Cotton Products Co.. .."..11".
ifone
4a
40
American Foundry & Machinery Co., plant at Chicago Helghte,
III.
The American Cotton Co, owns all the stock of the aforesaid corporation?.— V, 79, p. 785.
'.
American (Bell) Telephone & Telegrraph Co.— Output—
ihe ourput of instruments for the month and seven
months
ending July 31 were:
^-—-Month
7 Months
1904.
1903.
1904.
^
^
iflO.^
.
,
,
,
NT„*n°^Sn?°/*
<°''?^?'">
Toturn*i*t-5J^?<"***/^-K-t
T^al
outstandingmnmber)
80,348
37,606
69,1»4
25 078
672,0 J2
669.858
882,000
390 001
4.161617 3.540 321
American Water Works & enarantee Co. of Pittsbnreh.
—Subsidiary Companies.-See Chartiers Valley Water
Co
and South Dakota Water Co,, below.—V. 79, p. 502
Brady Union Stock Yards, Atlanta.— SoJd.-This property
WM
recently sold under order of the United States
Court
M. C. Horton of
^^. Attorneys O. E.
V^.Z^%forP^/t^'o^^S^^
Atlanta
|120,750. It contains over 26 acres, with stables,
hotel, electric plant, etc,
IVOL. LXXIX.
Empire Coal & Coke Co.-Purchaie. - L"oK.Stt,lner,
Frank
weison Jr., and others who recently purchased
this prooertv
have organlz^ the Empire Purchasing Co.
to hold the same.
' ^*' * .^®*« ^**-' Topeka, Kan.-Neu, Franchise.
?hf nu
-Ihe
City Council on Aug. 1 by a vote of nine
to three
passed an ordinance granting this company
a new tbirtvyear franchise.
This franchise permits the company to
charge a flit rate of $1 25 per 1,000 cuhic feet of
g is and requires the company to expend $175,ooo
within eighteen
months for extensions, etc.— V. 78, p. 1964.
Fox River Valley Gas & Electric Co.-8ee Wisconsin
Traction Light Heat
Power Co. uoder "railroads" above.-
&
International Mercantile Marine Co.— Continental
ComInvolved in Rite War.— The Hamburg American
North German Lloyd and the French Line have
reduced
their minimum cabin rates for passage from
the United
States to Europe, to meet the cuts of the
EogUsh steamship
^
companies. See V. 79, p, 786, 157.
Internatlooal Paper Co.— iVet« Dtr<ctor«.-Ogden
and Herbert A. Wilder have been elected directors, Mills
to sn^
ceed H. M, Knowles and 8. R Callaway, both
recently de-
pames
Report.— ^Be page 784.— V.
78, p. 2337.
Kenton (Ky.) Water Co.— Mortgage. -A mortgage
been filed, covering the company's property in Central has
Covington and Latonia, to the Covington Savings Bank
& Trust
Co,, to secure $16,000 of 5 p.c. bonds dated July
1,
1904.
Kings Coanty Electric Light & Power Co., Brooklyn.
N.
\.—Opiion to Subscribe to New S«oc k.—Soareholders
of
record Sept. 6 are offered the right to subscribe
at par until
3 P. M Sept. 16, for $1,250,000 new stock to the extent
of
their respective holdings. Payment for stock
subscribed for
^^^
Treasurer,
^y
one-half
^^/*, .r.^!''^^^®^
on or before
Oct, 1, 1904 (for which stock certificates will be
ready for
delivery Oat. 10), and the balance on or before Jan.
3 1905^''^°'^°° °' '''^°''
,
Oot!WJ4"-V7Tp!°im
Lancaster
Sea
Beach
Improvement
Co.— Preferred
Stocfe.— The shareholders were to vote at the
office, 1170
Broadway, New York City, on Aug. 24, on a proposition
to
authorize the issue of $150,000 5 per cent cumulative
preferred stock in place, dollar for dollar, of a like
amount of
™*°*,^°'"1^I^,°*P*'*^ stookof $500,000; par value of shares
$100.
Fred
J.
Secretary.
Lancaster
is
President and Frank M. Larchar
&
Mexican Petrolenm Co.— Bond*.—This company has made
a mortgage to the Title Insurance & Trust Co of Los
Angeles, Cal., as trustee, to secure an issue of
$350,000 of 6 p c.
California Development Co.— -Sate of Canal System.—
gold bonds. These bonds, of which none have as yet
been
press d^patch from Imperial, Cal„ states that the
members sold, are dated July 1, 1904, and are due July 1, 1914, but are
of the Water Users' Association of the Imperial
Valley have »ynr?®°^*^,°.*i^ *^'®'' ^^® y^ars at 105; denomination, $1,000,
voted to purchase the Imperial canal system at
the com- $503 and $100; interest payable quarterly at office of company's price, $3,000,000, under the terms of the United
pany at Los Angeles, Cal, There are no ufiderlying liens. The
States
Reclamation Act. The waters for the canal system
mortgage covers 283,000 acres in San Lni3 Potosi, Mexico,
are
diverted from the Colorado River. Compare V.
together with all improvementj, amounting, or to
78, p. 1784,
amount,
exclusive of land, to $750,000.
Chartiers Talley Water Co.—Lease Approved.— The
shareThe company was Incorporated under the laws of Califorholders on Aug, 19 by a vote of 16,000 shares
in favor to nia
in Dtcember, 1901, with $10,000,000 of anthoriz-d
1,^^00 againat adopted the proposition to lease
capital
the companv's
stock, in shares of $1 each, of which $5,230,000 is
plant for 999 years to the South Pittsburgh Water
reported to
Co., which
issued and paid up. The company purchased some
is controlled by the American
Water-works & Guaranty
. ?JL^®®"
ihe lessee will expend a considerable sum on additions Co 448,000 acres of land west of Tamplco, in the States of Paand manlepas, San Luis Potosi
improvements. Compare V, 78, p. 1909, 2014,— V. 79
and Vera Cruz. Mexico, and in
p 105
Colombia (Mo.) Water & Light Co.-Sold to City.—Th\B January last had, it was stated, sixteen active wells. In April
last a gusher flowing from 1,000 to 1,500 barrels
company's water-works and electric-light plants were
ofoiladay
re- was struck at Ebeno, near
Tampico, at a depth of 1 700 feet.
Colombia,
^**y
°^
Mo.,
for
a
sum
;^®a?Jj
stated ^""^"i^J^Z^^
as |67,0C0. ^r^u**"®
The company had outstanding $120 000 A refinery has been put in operation at Ebeno having a capacity of 800 barrels per day. The oil is described
stock and had authorized an issue of $S0,000 of
as an
6 per cent excellent illummant,
and as having an asphaltum precipitate
bonds. Compare "Columbia" in Chronicle, V,
79, p. 225.
which
adds greatly to its commercial value. The company's
Denver Gas & Electric Co.—Franchise Tax Valid.-Jndse
headquarters are in the Douglass Block, Los Angeles. Its
M. S. Bailey in the State District Court on Aug,
6. in In
officers and leading stockholders are:
action brought by the local authorities of Denver
against
Preeldent, E. L. Doheny; Flrit Vice-President and
former receiver Dougherty, held that the franchise-tax
O. A.
law Oanfield; Treasurer, W. G. Kevin. Dlreotor«.-E. r. Secretary,
G
of the S^ate is constitutional. The order of
Nevln,
W G Kerckhoff. O. A. Canfleld. H. N. MoIntoVh Stlmson
the Court wh'ch
A
J
Watiw
it is understood will be complied
Wellborn. Leading stookholdere-B. C
with and accepted as final
^^ii„?"^®?7c-*°*^
'^nfH*
Kerens. ED. Kenna W Harry Brown
directs that the amount due. $151,484, be
Pittsburgh, Pa., W. G. Nevpaid to the v.uuuijr
County Ins, A. P. Maglnnls, J. A. Ohanslor, C. A.ofCanfleld
and E. u Doheny.
Treasurer within 25 days.— V. 78, p. 1170.
The company, we are informed, now has eret-d and In
Drlggs-Seabnry Ordnance Corporation.— iVei* Company
course of construction steel storage tanks with a total aggre-Proposed Jfew Plant.-Thla company, which has
been gate capacity of 300,000 barrels and has now in
incorporated under the laws of Pennsylvania with
storage
$1,000,- nearly 200,000 barrels of petroleum.
Its present dally pro000 stock, all of one class (par value of shares
$100) to duction is over 2,000 barrels.
absorb by consolidation the Driggs-Seabury
Ordnance CorNatalie Anthracite Coal Co.— Sale October 5.— This comporation of New Jersey, is building a plant at
Sharon, Pa.,
pany's property in Northumberland and Cumberland counfor the manufacture of rapid fire guns,
projectiles, steei
ties. Pa., is advertised to be sold under
foreclosure at
™*<^« to ^^^ Colonial
TVn«vfA
K^'^lH*^^
''"L^?
Pittsburgh on October 5. The Pittsburgh Trust Co, Is the
T^nst Co. ?f%uf
of Pittsburgh
to secure
$500,000 6 p. c. gold bonds,
receiver and the mortgage trustee.— V, 77, p. 1228,
dated Aug. 1, 1904, and due Aug. 1, 1916. but subject
to call
before maturity; Interest payable Feb, and
Phoenix Gold Mining Co.— Stock Increase,— Thia Maine
Aug.
John
Stevenson Jr will be President; Stephen Peabody
of New corporation has filed a certificate of increase of capital stock
York, Vice-President: Louis L. Driggs of Philadelphia,
Sec- from $1,500,000 to $25,750,000, for the purchase of properties
retary, and Thomas Harris of Sharoo, Pa,, Treasnrer.
of the Mt. Shasta Gold Mines Corporation of California.
Temporary address of company, 32 Nassau St., New
The $750,000 pref. stock, it is stated, will be retired at once,
York.
***?.* International Powder Co.— Rights of Preferred thus making the capital $25,000,003 of common stojk.
Par
c*^1.
preferred stock ($5,000,000 authorized) is en- value of shares one dollar. There are $ 1^6,000 bonis out«.?^^r^i^®
titled to 5 per cent cumulative dividend
the first year and standing. President Joseph C. Reiff 20 Broad St New York;
thereafter to }4 per cent additional each
Clute, 100 Broadway.
year until the Secretary, F.
amount reaches 8 per cent.— V. 78, p. 1448
UrFor otber Investment News see Pases 790 and 791,
'
W
M
.
,
Aua
THE CHRONICLE.
27, 1904.1
789
^tpoxH nn& ^ocnmtnts.
BROOKLYN RAPID TRANSIT COMPANY.
ANNUAL REPORT FOR THE YEAR ENDING JUNE
Montague
168
$14,738,709 34
8,760,438 99
$5,978,270 35
211,852 57
Net Earnings from Operation
Income from Other Sources
$6,190,122 92
4,801,214 96
Total Income
Less Taxes and Fixed Charges
$1,388,907 96
Net Income
Out of which was taken for Betterments and Additions
383,706 38
to Property
Surplus for the Year
Surplus June 30, 1903
$1,005,201 .'18
1,7*7,839 89
$2,753,041 47
Surplus June 30, 1904
Of this amount there has been appropriated
$1,153,200 00
For Discount on Bonds Sold
" Old Accounts Adjusted
5,65175 1,158.85175
Balance, Surplus, June 30, 1904
$1,594,189 72
a comparative statement of Gross Earnings
(Passenger, Freight, Mail, Express and Advertising) for
years ending June 30, 1904-1903-1903:
FoUowinj;
is
c. of Inc.
1804 "VtT
p.
$9,757,629
Sorfsce
Elevated and Bridge.. 4.871,917
176,508
and Express
132,665
Advertising
Fr'Kht, Mail
Total
$14,788,709
P.
c.
of Inc.
1801
1902.
.
HO
vtr
If 03.
1803.
$9,2H4,157
8,802 683
75.658
117,824
5-10
$9,049,829
2286
3,27i?,0:l6
7P3
42:9
138-29
12-69
6»,v02
124,455
17I-9H
6 59
113.280,321
1098
118.510.622
ifsl
1904.
152,000 lineal feet of high and low tension cables inThere was also installed 177,000 lineal feet of overhead feeders and 925 feet of submarine cable. The bonding
of the Elevated system so as to utilize the structure as a return circuit was advanced and will be completed before the
and
St.,
Brooklyn, August 17th, 1904.
The Results of the Operations of the Brooklyn Rapid
Transit System for the Year Ending June 30, 1904,
WERE AS follows:
Gross Earnings from Operation
Operating Expenses
80, 1904.
J.
Progress was made in work of improvement in track,
structures, ELECTRICAL AND MECHANICAL EQUIPMENT. ThE
Electrifying of the Elevated structures was completed.
There was added to Car equipment 200 new Surface cars
of Standard size and design, 26 Gondolas, 13 Box cars, 7 Express cars, 8 Ice cars and 1 Derrick car.
The work of rebuilding and fitting Elevated steam cars
for electrical operation was carried forward to the full capacity of shop accommodations
The early part of the year
1905 should see this work on the Elevated Equipment completed, giving 270 closed electric standard trail cars and 357
standard motor cars, fully equipped with the multiple unit
control system, motors and automatic couplers of which 48
will be the new Turret typ^ controller.
There are now
being received 100 new Elevated cars, making a total of 457
motor and 270 closed trail oars. The 120 open Elevated cars
purchased last year were equipped with side sections and
ventilating apparatus and otherwise fitted for winter ser.
vice.
The Central Power Station is practically completed and
eight 4,000 h. p. units in operation.
portion of the block
adjoining this station, purchased last year for Reserve Coal
Storage Yard, was equipped with machinery for hand ling coal
from barges and transferring the same, when required, from
the yard.to receiving bins in the Central Power House
The
yard as at present arranged has upwards of 75,000 tons storage capacity.
A
The Capacity of various Power Houses was increased
by alterations and additions to their equipment.
The construction of a New Power House adjoining the
Eastern station (Kent Avenue) on ground m^^ntioned in
the last report, was commenced. It is proposed to install
here immediately 2 Turbine Units of 5,500 k. w. capacity
and to add thereto from time to time according to requirements.
The Capacity of Sub-stations was increased as follows:
Halsey St. Sub-station: one 1 000 k. w. rotary with static
transformers and switchboard.
Tompkins Sub-station: one 1,000 k.w. rotary with transformers and switchboard and the building extended to accommodate the high-tension switches.
Essex
St. Sub-station: one 1,000 k.w. rotary with transformswitchboard and one 200 k. w. rotary booster.
Sands St. Snb-.station, containing five 1,000 k.w. rotariea with
transformers ai d switchboard apparatus, was completed.
One booster and storage battery was transferred from
Brooklyn Bridge arch to this station.
Parkville Sub-station was commenced and .so far constructed
ers,
as to enablejthe operation of two 1,000 k.w. rotaries and six
transformers for current summer business.
Subway Conduits of capacity ranging from 6 to 24 ducts
were constructed under streets for a distance of 25,000 feet
stalled.
coming winter.
Nine Eleva'^ed stations have been enlarged and equipped
with all necessary conveniences, and fire extinguishers installed in all Elevated stations, signal towers and Elevated
motor cars.
Hand Railings were erected on the Myrtle Avenue and
Broadway structures, completing the protection to the footpaths on all Elevated structures
Inspection pits for Elevated trains have been put in at the
Culver and Wtst End Terminals, Coney Island, Thirty -sixth
Street Yard, East New York, Alabama and Pitkin Avenue,
and Van Sicklen Avenue.
The elevated stations at Manhattan Junction and Manhattan Crossing, on Broadway and Fulton Street, respectively,
were connected bv a covered platform walk, an overhead
enclosed passage TOnstructed for the Manhattan Junction
station, and new stairways put in; following which the
operation of the Elevated Loop Station at East New York
was discontinued.
Therer was added to Surface Lines 2% miles of new
track. A large amount of special work and track was renewed, track rebonded, or new bonds supplied where they
were lacking, and old joints replaced by new. including
The old Lewis & Fowler rail
3.460 electrically welded.
feet of
track of the Bowery Bay line was replaced by 20,0
single track of 9-inch girder and permanent construction.
New 70-lb. T-rail and Weber joints were laid on the Culver
line between 8th and Neptune avenues; also on the 20th
Street branch of the Culver line; in all 11 miles single track;
63,000 new ties were used in Elevated and Surface tracks.
The Lutheran Cemetery Line between Long Island Railroad and Metropolitan Avenue, a distance of 1,600 feet, was
laid with second track.
The Culver Yard at Coney Island was re-arranged into
a commodious Terminal with ample storage tracks for
Elevated trains and Surface cars. The Depot was rebuilt
and enlarged, Repair Shop with Elevated inspection tracks,
Trainmaster's office and Employees' Waiting and Eating
rooms constructed, and the Brighton Beach line brought in
by double track over private right of way. The facility
with which large crowds are now handled at this point fully
justifies the expenditure.
Addition was made to the West End Yard, Crney Island, furnishing Car Storage room and enabling the more
convenient handling of Express trains.
At the Manhattan end of the New York and Brooklyn
Bridge four new Surface Loops were constructed at a cost
of nearly $1( 0,000, doubling the loading and discharging
capacity at the Manhattan Terminus.
Changes have been made in the track construction on the
Brooklyn Bridge, and special track work of the approaches
thereto, at a cost of approximately $16,000. With the aid
of this improvement, through Elevated service over the
Bridge has been doubled, and the generally inconvenient
shuttle service of old Bridge cars, with the necessity of
transferring at the Brooklyn end, correspi ndingly reduced.
Car Storage Yards were constructed on Ocean Avenue,
near Sheepshead Bay, with a capacity for 150 double-truck
cars, and several new sidings to outlying lines laid to facilitate the handling of summer traffic.
A thorough overhauling of Interlocking Plants was
commenced and the following new plants installed:
Culver Terminal
19 levers.
54 levers. Tenth Ave. Junction
Neptune Avenue
"
"
KenslUKton Junction... 29
..30
Went End Terminal
"
"
26
Bath Junction
30
•*
West End unction
"
Thirty-sixth Street
30
27
The Dock at Newtown Creek, Eastern District, has been
rebuilt and tracks laid for the handling of the Company's
I
I
|
I
|
materials.
The Dock
built
at 65th Street, Southern District, was partly reand enlarged by new cribbing and earth and stone
filling.
An
extension of the 52d Street Dock was constructed 415
by 58 feet wide, and the old dock overhauled, repaired and new tracks laid.
The Hotel at Brighton Beach was renovated. Bulkhead
partly rebuilt, and a 100,0U0-gallon Water Tower constructed
for the convenience and safety of the property. A water
tumping station to supply the same was constructed at Neck
feet long
f
load.
TiRiDciE Contract: Contract has teen made with the
Department of Bridges for operation of Trolley cars across
the Williamsburg Bridge covering a term of ten years from
September 1, 1904, and taking effect as .soon as the construction of tracks and electric work is completed by the city.
—
THE CHRONICLE.
790
Plans for a new general oflace building have been prepared
and contracts are about to be made for its constractiou.
There has been expended approximately $50,000 for improvements to reduce the fire nazard in the company's operating properties, resulting in decreasing the average rate
of insurance 16-5c., or an annual saving in premiums of
$14,821 83,
Up to the close of the Fiscal
Year ending June
30th, 1904,
there had been authenticated and delivered by the Trustee
$14,458,000 First Refunding Gold Mortgage 4 p. c. Bonds.
Of these there is remaining in the Treasury $5,614,000.
By order of the Board.
EDWIN W. WINTER,
Ptesident,
COMPARATIVE SUMMARY OP OPERATIONS FOR YEAR
ENDING JUNE 30, 1904.
1904.
GBOSS Eabnixos—
Pftsseni^rer
Freight, Mall
and Express
Advertising
Ine. or Dee.
1903.
CONSOLIDATED GENERAL BALANCE SHEET JUNE
14,429,546 13,086,840
176,508
75,658
117,823
132,655
)
CONSTRDCnON
EXPENDITCEES,
1,816,617
To be r^-lmburspd by Issuance of
B. R. T. Ist Refun 'l"i^ Oold Mortgage 4% bonds, upon deposit
with Central Trust Co., Trustee, of Cerllllcates of
Indebtedues to cover
14,738,709
13,280,321
B R
T. IstRef Gold Mortgage
Other Issues
Tbeasuby Stock
CUBBENT A88BTS
Ca-h on hand
619.fi48
Stracture
Operat'n of Power Plant. 1,535,930
Operation of Cars —
TrainiDen's Wages
2,677,443
Operation of Cars— Other
ExpenBes...
1,181,789
Damatfes and Legal Expenses
987,760
General Expenses
539,746
Total Operating Exp. 8,760.439
J.
1,458,388
Due fropi
Coaipanies and Individuals...
Coi structlon material and general sup-
495,188
812,600
1,680,751
124,659
7.405,324
D. 14i,821
/.
25-17
4^-88
8-62
LIABILITIES.
f45,»90,2S6
$45,000,000
7.
135,229
908,310
7.
273.478 30 11
956.730
535,286
7.31,029
i. 4,4t0
3-24
0-f3
7,931,080
7.829,359
10-46
D. 25,1S8
7 4,018
30-74
52,070
D. 44, POO
4 05
4 6 08
6,190,123
5,626,735
7.563,388
1001
5,349,241
7.
Deductions—
Total Deductions.... 4,801,215
Net Income
7.'S7,788
3,904,068
4,661,857
1-26
9,530
148,888
7).
7.
381
7.139,358
99(^,255
67,324,18*
964,878
168,096
7.
Snrplns for Year
1,005,202
Sundry Acc'nts from Previous years charged off
796,782
7.208,419
I.
of Consilruent (.companies:
Kroohlyn Heights RK. (^o
Brooklyn Q. Co & 8. RR Co
The Nassau Kleotrlc RR. Co
Sea Beac Railway Co
B'oohlyn Union Klevat<rd RR. Co
Real Estate Mortgages
1
2'^0.000
O
6,624,0
15,rO(),
40
650,o
23. 00,000
342,140
CUERENT LlABILTTlBS
6,144,48<
Lonn« and Bill- Payable
Audited Vouchers
Due Companies and Tndlvlduals
Taxps Aioiued ami not Due
Interest and Rentals Accrued and not
Du«
.
3,250 000
791.187
75,418
1,327,881
644,460
Interest Accrued on Real Estate Mort-
gages and Non Dae
Insurance Reserve Fond.
3,755
51,785
Long Island Traction Trust Fund
Accounts TO BE Adjusted
SUEPLUS
1
9,439
22,439
.594,190
yi2 1,084,989
2-99
424,030 43 95
216,611 128-27
1,?88,908
Special Appropriations..
383,706
Bonded Debt
5-31
2,542,214
81,877
99,054
96,562
748,258
4,0^2,957
ent Companies
Bonded Debt and Real Estate Mobtoaobb
21,458,000
Brooklyn Rapid Transit ompanj
'
1176
Miscellaneous
Interest and Rentals
92,^O0,»93
^9^,441
837 802
837,728
plies on band
Prepaid Accounts
10 98
629,029
5,978,270
Income fbom Othfe Soueces—
_P6,711
Rent of Land &. Bulld'gs.
103,071
Rent of Tracks & Struct'e
Taxes
110,000
146,228
3,970,864
Capital Stock
Brooklyn Rap'd Transit Company
from
Total Income
i5,R14000
Outs'anding Capital Stock of Constitu-
Malnt^nanceof Equlpm't 1.217,924
Earnings
Operation
4%
4,005,756
5,724,00«
fl21.0S4.988
Opebatino Eipensbs—
Halntenanoe of Way and
Net
^
Guaranty Fond (Secdbities and Cash)
Tbeasdby Bonds
Total Earnings from
Operation
CONSTITUENT COMPA-
NIBS
P. Ot.
7.1,342,706 10-26
I. 100.850 13.1 29
12-59
/. 14,832
30, 1904
ASSETS.
Cost of Road and Equipment (Properties owned In
whole or In part by B. R. T. Co
$99,114,634
Advances- Accodnt of Conbtbcction foe Lkabed
Companies
6,3u6,90I
$6,' 03.941
Brooklyn City Railroad Co
302,960
Prospect Park& C. I RR. Co
9
9
$
Linx.
[Vol.
Note.—irtie Certificates of Indebtedness issued
panies, aggregating *8, 136, 02f> 21, agraut^fMAirA
©en
ts»t»fd
by Constituent ComB B. T Hontlg have
do not appear separately on thi* Consolidated Balance
26-16
Sheet, as the property purchased appears as an asset undei the head
of "Cost ot Road and Equipment." and "'Advances Acrount ("onstruoti n for Leased Companie-,' and the liability is reprenented by the
bonds of the Broikivn Rapid Transit Company, issued from time to
tliue as uch Certificates 01 Indebtedness are acquired and deposited
with tlie Central Trust Co., Trustee.
Pacific "states Teietthone & Telegraph Vo.—Linted in San
Francisco,— The Sun Francisco Stock & Bond Excbange has
listed the $12 976 800 capital stock, par of shares |100.
The
comnany is paying quarterly dividends at the rate of 7 p. c.
per annum. Compare V. 79, p. 274, and table in V. 76, p. 696.
27 miles south o* M^ntreal and a few miles from the north•rn extremity of Lake Chacnplain, beiug so loca^^ed as to
allow of transportation therefrom by w*ter to the ElztbethThe plant, It 1" stated,
port, N. J , work* of the company.
will cost about $1 010,000, cover nearly 40 acres, and include
28 buildinds. two of them being 6 stories hi^h. wiftiafl)Or
space of 60x600 and 60x750 feet, respectively.— V. 75, p. 18u8.
40,386
Balancf* to Credit of
Surplus
—V.
1,005,202
79, p. 831.
Pittghnrgh Steel Co.
of
756,396
New Ally.—8ee Seamless Tube
Co.
Sontti
America hflow.
Contract— Competition—See
poration and V. 79,
685.-V.
79, p.
p. 7:^8;
United States Steel Coralso Republic Iron & Steel Co.,V.
Seamlesa Tnbe Co. of America.— iVe«/> Enterpriae.-Th^a
company, an ally of the PittsburRh Steel Co., began on Aug.
16 the construction at Moneesen, Pa,, of a se-amUss tube
plant, wbich, it is eaid, will cost over $1,0(0 000. The build
ing will be 600x100 feet and will arljoin the works ot the
Pittsburgh Steel Co., Wallace H. Rowe. President of that
oompaLy, bt-iug also the President of the new corporation.
The Seamless Tube Co of America was incorporated Id
Penosylvania l«st M^ich with nominal ($5,000) capital
stock, its directors being :
Edwin B ndley, John Bindley. Wallace H. Bowe.Emll Winter, Willis
MoCook, PltiBbuigh.
Bindley, Pittsburgh, Treasurer,
Simpson- ruwf.ird {.'o.—New Stock.— The shareholders will
vote Nept fi on a proposiion to increase the capital stock
from ffi 000,000 to $5,400,000, by the creation of $4fi0,0(i0 8 p c,
cumulative firet preferred stock in addition to the existing
$2,500,000 common stock and $2,500,090 8 p. c. preferred
stock. The Sioipi-on Securities Co. was Incorpojated at
Albany on June 20 with $3,500,000 capital stock, of which
$1,0< 0.000 is 8 p. c. cnmalative preferred stock, and ifsu> d i e
$1,500.0(10 6 p. 0. 25 J ear sinking fund bonds in exchang'-,
$ for $, for the debentures of the Simpson-Crawford Co.— V.
F.
E iwin
Consummated.— See
g 9Ii.cliiDe) Mannfactnriii§r Co.— N'W Plant
ccmpany has let a contract for the construction of a
Sing^er (Sewli
—The
new
-V
For old
New stock.
common
i-lock
Per $600 old common
Per $1,400 Old preferred
-V. 79, p,685.
....$100 n«-w
^J^^o
^^^^^^^^
Union Natural Gas Corporation ol PHt-bargh.— Bond
- The shareholders will vote Ang. 29 on a proposition
iHkue.
make a new bond issue for $3,000,000 to provide for the
redemption of the present bonded debf [$1,510.000 due $500,100 yearly June 1 1905, to 1907— V. 75, p. 195] and also to
pay th-> $1,5 0,000 floitiog ind'^btednesd.
A circular states that the Homer, or Kiox and Licking
county, Ohio, gas field has more than dout>ied in area since
it was acqaired by the company and, in order to protect its
original holdings, it became necessary to secure additional
to
•
The circular further says:
A ooDslderablP sum was neoesparlly expended In
leases,
78, p. 1279.
Securities Co.— Purchase
Simpson-Crawford Co. above.
pare V. 79,
by the American Water Works & Guarantee Co. of
Pittsburgh.
79, p. 604.
S"ii»h Pittsburgh Water Co.— X-eoae. — See Chartiera Valley Water Co. above.— V. 78, p. 1910.
Staiidard ChHin Co.— Reduction of Stock —The cnmp&nj
has filed a certificate reducint? its capital stock from 18.000,tiOO (half preferred) to $80 ),700, of which $515,700 is preferred
ard $285,000 common; par of shares, $1< 0. O" the old stock
there was outstanding $1,277,200 common at d $1,031,400 preferred. Tbe reduction is accomplished by giving:
trolled
77, p. 2283.
SimpHon
Dec*flton.— See "Sioux
on page 748, in last w^^ek's Chronicle; also comToe c mpauy is conp. 518 and V. 77, p. 851,
Dakota Water Co.— Court
Falip," S. D..
plant at St. Johns, Province of Qaebec, Canada, about
acqnlrJDK thli additional t^rrliory. In dil ling to hold the same, aid in oonetraoting
For the increased outi.ut re-nl log trotn this
ad'''itlon»l field lines
eniar.emeiit of th« field, your oompanv pnrchaced and enarged the
dlstrihutlnif gas pli»nti» in ih« ollleo of Flndiay, ElyrU, Lorain, BelleFremont u> d Marlon, and constructed pUnts In several wwuB
and villages in Ohio and extended branch lines thereto, at a oaeb ex-
ne
:
:
AVG.
THE CHRONICLE.
27, 1904.]
penditure of Bb mt $1 ,*'OO,O0O. Thta bond Issae •will Iwave ttan oom
pany frewfrrm all Ilahllities except Its bonded debt. It Is proposed
that tlie bonds oball be made payable 1b ten equal annual instalmentc. Th'-f-e bonds can readily be placed, as they will be stoured by
prop«rty worth in exoeps of »t2.00",000.
The earnlDgs for tDe current year to date, with a conservative estimate of the earDloRs of the remaindpr of the jear. wonid indicate
gross earDlDjfs nf at least $2,2S0.000 for the year 1904. Thu total ex
pensec li cluniDg tntfrept, lease rentals and expenses of all kinds, for
the Bsme perl'd will no' exo^ed $900,000; th« dividends paid and to
be p»l(l will amount to $"2<».000 (leaving a balance of $H3<>,000 avail
able for re'lring bonds and for other purpoeei.-V. 78, p. 9fi«.
Dnck C'>rji<*ri\tion.— Earnings.—
of tb« Monnt Vernon Woodberry C' mpanv
for the half-year ended June 80, 1904 and 1908, compare as
United States Coiton
The
earni' gs
follows
MT VKRWON-WOODBERBY— HALF-YEAR ENDED JUNE
Orots
inwint.
Half-
wear
Ket Current int.
income. t£ gen' I exp
Repairs,
etc
30.
Int. on Balance
\»t mort surplus.
$175,000 *8.ft84:
4Hv,914 $.-f.l,892 itil27,H17 $i0 491
49,042
175,000 73,381
453,613
156,090
3,561,010
Thp 6 irnings of the Ut^ited States Cotton DackCorpoTa'ion
for tbe e^x mnnths etde'l June 30, 1904, compare as follows:
1904
f)>;<
1903.".".'
UNITED STATES COTTON DUCK CORPORATION.
Half-year,
1904
1903
The omblned
'
19C4
is
Orots
income.
$1,788,440
1,500,025
surplus of the
Total
net income.
$152,299
141,190
InlereU
<£
Balance,
gen I exv. surplus.
$h2,944
$69 355
50,328
companies for the
first
9J,8t2
half of
$9l,ft28.— V. 78, p. 828.
791
^^^J~jj^"^j^
j^
j~^
^
EPITOME
Friday Niobt, Aug.
1904.
26.
In some lines of trade the existing labor troubles have
served to operate against a satisfactory development of business activity. In the iron and steel market the recent cutting
of prices exerted something of an unsettling inflaence, buyers being disposed to pursue a conservative spirit awaiting
additional developments. Seasonable activity, however, is
being experienced in many markets. Jobbers and dealers have
been meetirg with a fair run of orders from the consuming
trade and in turn have been drawing witu increasing tr^'edom
on supplies from first hands. There has been c neiderable
Cotton
activity to tb« operatiocs in the speculative markets.
valnes have b»en advanced sharply on reports of crop deterioration and buying by short sellers to cover their contracts.
The upward movement to wheat prices has been checked and
the crop-iamage reports from the spring-wheat belt have
been of a less sensational character.
Lard on the spot has been unsettled, decUning early in the
wee^, bnt on light offerings turned firmer and re overed the
decline. The c'ose was easier at 7 30e. for prime Western
and 6 75c. for pnme City. Aefioed lard has been quiet and
pries have followed the same course as thosd for tbe raw
product, closing at 7'50c. for refined for the CoLtinent. Speculation in lard for future delivery has been qmet. Early in
ing resolution
tbe week prices declined, following the break in the grain
Resolved, That, as the electricians, tlle-eetters, carpenters, mosaic market.
Subst-qnently there was a recovery on I'ght offerworkers, plas'erers and plumberi have not this day returned to work
ings.
The close was slightly easier, with packers reported
United States Realty & ImproTement C o,— Labor D>ffleulttea Continue.— Tha ultimatum of the Bailding Trades
Employers' Association met with only moderate response,
and the governors therefore ad oped on Monday the follow:
mechanic's of these trades slenine the general arbitration plan and
goinK to woik thereunder will be protected In their rights to the full
eat extent by the Building Trades Employers' Asaoolation.
all
The Trades Alliance has been threatenicg general strikes
in the allied building trade?, but has done little more tban
order out the marble workers and the stoppage of work by
various trades on certain buildings.
Philip Wtinseimer,
Presider t of the Alliance, has been indicted on a second
charge of extortion In connection with labor matters. The
employers have org'iniz^^d a new union of electricians who
are wiliing to submit to the arbitration agreement, and propose to form similar unions for the other branches in which
the lockouts are in force as soon as the necessary worktrs
are obtained.— V. 79, p. 738, 274,
United States Steel Corporation.— 4s8octa<io is still in
force.— The "Iron Age" says that while the reports of
serious cutting in structural material and in p'ates have some
basts of fact, since indirectly concessions have been made Id
these heavy lines for some time, the fact remains that the
associations are still intact, and consumers who have fx
pected to receive lower figures under old contracts guaranteeing tbPTn ngai'^ St a decline have been disappointed. The
"'Age " fnrther says
New bahlness is hfld back until the Bitnatlon has cleared. Some
of the large Interes n bave been discussing the posltloa, bat as yet no
aotlon hns been taken
If there were a reasonable prspHOt that a
lowering of prices on beame and plates won Id 8tlmal»te consumption
at the present time, there wonld probably be little healiatlon in
openly adopting the appropriate coarst*.
The Chloauo elevated work (South Side E'evated R R Co.) has been
taken by the American Bridge Oo. As we unrtetstand It, there has
been actUiiily oiosfd about 2i,0u0 to 22,000 tons of the whole estimated tonnnge of 32,000 tons.
In the steel rail trade, the event of the week has been the sa'e by the
Pennsylvania Steel Co of 60.000 tons to the Canadian Paoillo lines,
practically »11 of it for Western delivery before the close of the >ear.
The d< me~tlc reqilrements lor rails have been a little better and sales
daring the wee* probably aggregate fully 25,000 tons.
Oonsidering the phoolts to which the market have been •nbjpcted
reoentlj, tie pig iron trade has held its own rather well. Tbe liberal
baying which w»e developing In the early days of the month has bt-en
nipped in itie bud, but the current tonnage is rather etter than was
expected nnd«-r the olrcnmstances.
The m»Ji>rity ot furnace
companies apnear to have been driven Into the last ditch, and have no
farther ground to yield. In the matter of prices
There are indications that, the labor struggle In the Birmingham
district mny be more protracted than has bf-en believed lately. The
Alabama makers have b'-en buying coke largely in th"* Virgin!* dis
trlcts la'ely ai advancing fl.;areB, to that they will be Independent of
>
their coal miners.
The pnrchhseof rails by the Canadian Pacific was at the
"regular export quotation, which is sapposed to be $22 or
less per ton.— V. 7tf, p. 7h8, 632.
WatBonyllle (Cal) Ligrht & Power Co.— Bond.«. -The
shareholders on May ll authorized an isnue of |200,000 of 6
p. c. 80 year bonds, which were recently ofif -red by Marshal)
A. Franh of Han Francisco at 97)^.
The compsny whs incorporated in California in March last
with $250,000 author'zed capital stock, in shares of |Ht<t each,
and took ov«r tbe oombloed gas and electric huh' plat ts
owned bv John MHrtin and L. P. Lowe, Including ih^ Watsonvllle Water & Light Co. and the Poj-tro Gas & Electric
Co,
TonrgHtown (0.) Telephone Co.— New Stock.— The company recently filed a certificate of increase of capital stock
from I OV'fl"" 14 0, 00 -V. 71, p 1124
—A
ii vtrrtrnfui
eecunty h^Uee n^s b- eu op nt-d ai >5V5
lington 8'reet, Baltimore, Md., by MesBrs. Harii-ou
& H u-<». The membt-rs of the firm are Tijomne B. H«rri8on
and Q. orgt- R H nse, both of wbom were for a nomber of
years coiufc ed with the Mercantile Trust & Dep( sit Com
pany of Baltimore.
East
L
selling.
OAILT OLOSIMO PRIOBS
6-90
Sept. del'y
Oct. dei'y
ian. »el'y
6
97»fl
710
P.^rk has
OIF
LABD FUTUHBt
Mon
Hat.
6 85
6 P5
7 05
had only a small
furt
695
6-87i«
6-97»«
7 02i«
7-10
707%
sale,
IN OHTOAOO.
f¥r<t.
fn
J*»«ri
6-90
7 0^^«
7-07i«
6-87ia
6-97»9
702i«
but prices have held steady
at $13 60® 18 75 for mess, $14 50@15 00 tor short clear and
$15 for family. Cut meats tiave been in moderate demand
and firm at 6^^(370. for pickled shoulders, 10@loi^'. for
pickled hams and &^@lOo. for pickled bellies, 14@10 lbs.
average. Beef has been in better supplv, hut wifh a good
demand piijes have held steady at $8 5"@9 00 for mess, $9 50
(310 00 for packet, $10 60@11 00 for family and $15@l6 00 for
extra India mess. Tallow has been quiet but steady at
Stearines have been firmly held, closing at 8c. tor
43^c.
lard stearine and 7c. for oleo stearine. Cotton>seed r^il has
been in moderate demand and steady, closing at 28^@29ci
Butter has been in fair demand and
for prime yellow.
prices for thi better grades have been firm, closing at 18®
l8i^c. for creamery. Cheese has held tiim at advancing
prices, closing at 6J^@9c. for State factory, full cream.
Fresh eggs have been lu larger supply and prices have weakened slishtly, closing at 20i^@2lc. for best Western.
Brazil grades of coffee have been firmly held, particularly
the commoner grades, which have been sparingly offered,
owing to light stocks. There h-is been a moderat* I v active
trade demand. The clope was firm at SJ^c. for Rto No. 7 and
West India growtus have been in mod9c. for Santos No. 4.
erate demand ard at full values, closing at 9i^c. for good
Cacutaand UJ^calli^c. for good average B gota. E-isr India
growths have been firmly held. Speculation in the market for
contracts has been fair. Liquidation of the remaining speculative interest has been the feature ani this has weighed
upon the market. The close was steady on moderate buying.
Aug
6 700. Dec
7'60o.
7"00o. May....^.....
4%@
.
I
Sepi
Oct
.
6-70C.
6 800.
.«._...
Raw
I
Jan
March
7'lio.
7*30c.
sugars have b>jen in moderate
June
7*60o.
Juiy
770o.
demand and
firm, closing at 4}.^o. for cenirifngal 96-deg. test and 3 ll-16c. tor muscovado ba-deg. test. R-^fined sugar has been in fair demand
and firm, with granulated at 5@5'10c. Teas have been
steady. Pepper has advanced on buying by shorts to cover
'heir contracts.
K^nuchy tobacco has continued in moderate demand, and
there have been fair shipments on old purchases
Seed-leaf
tobacco has had a fairly good sale, the bnt<inee8 for the week
Mmonnting
about 8,000 cases, including 1901 Wisconsin
at 11 to 12j. and 1908 Connecticut Havana seed
oo private terms, Sumatra tobacco has been in moderate deto
Havana seed
mand and
steafly.
Havana tobacco haw had only
a small sale.
have been limited, and with a modrate demaiid from consumers prices have advanced to
$37 00@|27 15.
Ingot copper has been in moderate demand
nd steady at 12i^'91V^c. for both Lake and electrolytic.
Le'd hMB been sparingly offered and prices have been firm at
415@4 25t;. Bpeltt'r has advanced to 4 »0c. to 4 9V\ Pig
iron has h d ot.ly a limited sale with prices at $13 ;t5@$lS 76
lor No 2 Northern and $13 25 for No. 2 Southern.
Offf-rings of Straits tin
Refined petroleum for export has h^fn steady, closing at
Naphtha
in bbls. 10-40c. in cases and 4'80c. in bulk.
has been steady at llj^c, for 71 degrees and 12c. for 76 degrees. Credit balances have been unchanged, olo.sing at
l'60o.
Spirits turpentine has been qniet and » a^ler. rloslng
at ft6@56J^c..
Roatns have held steady at $2 «i;ti@2 65 for
common and gond strained. Wool has b^en in limi'ed dernanri.
H ps have advanced on report! of small yields from
.be Baglish and Continental crops.
7
7' c.
.
.
792
THE CHRONICLE.
COTTON.
Friday Nioht, August 26, 1904.
The Movement op the Ubop as Indicated by our telegrams
from the South to-night la given below. For the week ending
evening the total receipts have reached 31,978 bales,
against 14,030 bales last week and 5,748 bales the previous
week, making the total receipts since the let of Sept., 1903,
7,169,273 bales, against 7,641,600 bales for the same period of
1902-3 showine: a decrease since Scot. 1, 1903, of 472,828 bales.
this
ReceiptM
at—
Mon.
Sal.
Oalreaton.
Wed.
Tu€t.
Thur$.
fri.
Total.
2,181
6.947
1,894
3.761
4,838
58
11
1,046
589
306
1.039
11
382
8,716
84
601
6
16
384
161
119
1,205
767
969
2,128
5,334
20.826
Penaaoola, Ao.
Bayannali
Bnmaw'k, &o
>•
267
..
Pt. Royal. <ko.
Wilmington....
1
12
182
341
3
S
270
8
18
822
1.024
Wa8hton.&a
Norfolk
15
51
113
H'p'tNewa.Ao.
•••
York,
Boaton
Baltimore
15
Philadelp*a.*o
40
Tot
tMfl
week.
2,678
141
4.141
7.774
61
51
33
66
498
33
334
498
40
8,670
5.934
7,779
31,976
The following shows the week's total receipts, the total since
Septi 1, 1908, and the stocks to-night, compared with last year.
1903-04.
Beeeiptt
to
ThU
Aug. 26
1902-03.
Since Sep,
1, 1903.
wtek.
Galveaton..
20,326 2,370,041
104,029
New Orleans 8,715 2,003.071
MobUe
384 200.479
Paaoola, Ao.
132,868
Savannah. .
5,834 1,152,140
Br'wlok. Ao
120,760
Charleaton.
270 156,864
P. Royal. Ac
1,290
Wilmington
18 821,493
Waah'n. Ao.
836
Norfolk..,
1,024 486,322
irportN.,&o
22,144
New York...
38
18,848
Boaton
884
88,108
Baltimore.
498
81,590
PMladel.Ao.
40
14,894
Pt.Ar.,<feo.
.
Totals.
81.976 7.169,2721
TKU
Stock,
Since Sep.
1, 1902,
week.
1904.
298 2.092,636
154,105
644 2,309.320
20 214,987
156,038
53 1,297.810
130.622
20 209.726
337
111 329,807
387
71 509.401
163
25,618
36,633
98,961
48.878
27.840
72
628
68
1903.
20,813
1,017
21.236
13.882
353
42
9,614
2.678
463
148
297
318
981
121
26.068
8,716
141,517
836
284
819
3,800
1,726
Receipts
at—
1904.
1908.
20,326
3.716
Savannah...
5.384
Ohaa'ton, Ao.
270
Wllm'ton Ao
Norfolk
H. NewB. *o.
18
1.024
All others...
905
298
644
20
63
20
111
71
163
758
81.976
2.188
New
Orleana
Mobile
Tot
thla
wk.
2,188 7.641.600
85.102
161.126
334
1902.
1901.
28,262
6,714
1900.
29,426
9,728
6.919
5.586
924
58
882
14,458
2,653
2.602
1.198
1,264
8,018
1899.
27,787
11,400
1,838
12,233
3,722
1,692
1,788
7i031
1.126
24
943
2,193
1,108
487
807
6,038
569
4,962
58,110
51,818
24.861
64,831
97
Since Sept 1 7169,272 7641.600 7553,875 7684,666
r.?P?"® '^^ ^^^ ^®6^ ending this evening reach a total
of 10,265 bales, of which 8,034 were to Great
Britain.
to Prance and 2,181 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1908.
-^,*^«
BivporU
from—
We*k Endino ^ug. 2a,
Bxvortta to—
Great
Conti-
BriVn Franct nent.
1904.
Great
Britain.
6,892
1,679
0.901
BaTannatao....
BriiDiwIok ....
Oharletton....
Port Royal....
WUmlnRton...
Norfollt.
N'port N.. Ao..
New York
8,197
Boiton
Baltimore
666
100
2,297
606
....
Phlladelpbia.
Ban Fran.. &o>
Total. lOoa-03.
1.
1908. to
^anee
794.86t 810,019
17.116
Mobile
Peniaoola
Total
Aug.
EvporteA to-
lotal
PtArtbv, Ac
Orleani..
From Sept.
Wttik.
GalTeaton
New
New Orleana.
aalveaton.. ..
Oreat
Britain Fr'nee
7,6li
Other
Ger-
Ltavlna
OooMt-
many. For'gn
1.339
3,140
2,484
2.973
..
Obarleaton...
602
8.084
8,490
2.181
698
100
Sorfolk
New York....
Other porta .
2,000
Total 1904..
9,811
Total 1903..
Total 1902..
2.870
10.688
ttotk.
total.
wise.
115
448
500
4,427
13,683
500
16,809
7,180
9.114
"ioo
"406
468
353
681
602
888,660 267.812
87.680 16,308
62,302 18.091
181,087 66,899
84.901
Comtinent.
80. 1904
TotcO.
780,660 1.831.932
78,817
90.488
6B3.46t 1.759.826
00.905
66.794
600,603
110.808
131.787
43,056
827,939
92.125
48,066
7.824
78.299
0,850
834.458
314.607
2,393
200
6.124
8.717
6,228
207,692
111.166
68,080
42.300
87
8P,628
3.619
190,472
OlOl
40,806
4.1&e
47,213
99,051
46.546
47,270
10.266 2,586,780 700 402 2.763.6^8 rt,0a«.721
9.\HS «.H47.0-«a
?86.7.<fl 3.081.42-
^WSt.vfiS
700
24,868
4.674
2,000
2.484
4,979
2,973
1,463
21,710
63.892
372
282
9.817
25
9,609
1.835
1,261
3,499
33,210
160.827
IIS.189
I
|
Low Middling
Low Middling
014 off Low
Strict
0*38 off
Good Ordinary
72
off
off
Middling Tinged
Strict Good Ord. Tinged
Middling Stained
..
0-60
84
off
off
050 off
Good Ordinary.
1*00
Strict Low Mid. Stained... 1 06 off
Good Mid. Tinged.. 0*30 on Low Middling Stained. .... 1 -50 off
On this basis the official prices for a few of the grades for
the past week— Aug. 20 to Aug. 26— would be as follows.
Strlot
UPLAimS.
mon Tues
Sat.
Gk>od Ordinary.
TTed Th. Frl.
9-85 10 00 10-20 10-20 10-20 10*20
10-47 10 62 10-82 10 82 10 82 10-88
Low BUddllng..
Middling
10 85 1100 1120
Good Middling.
1120 1120
11-20
11-29 11-44 11-64 11-64 1164 1164
1181 11'96 1216 12-16 12-16 12-16
Middling Fair..
GULF.
IQon Taes ^Ted
Sat.
Good Ordinary,
1010
10-26 10-45 10-46
10 72 10-87 1107 1107
liow Middling..
Middling
Good Middling.
BUddllng Fair..
Tl».
FrL
1045
1107
10-46
11-07
1110 11-25 11-45 1145 11-45 11-46
IJ 64 11-69 11 89 1189 1189 11-89
12-06 12-21
STAINED.
Sat.
Low Middling
9-86
12-41
12-41
12 41 12-41
Men Tuee Wed
Th. Frl.
9-70
9-70
9-70 9-70
Middling
10-35 10-60 10-70 10-70 10 70 10-70
Strlot Low Middling Tinged... 10 51 10-66 10 86 10-86 10 86 10-86
Gtood Middling Tinged
10 86 11-00 11 20 tl 20 tl11-80
9 50
The quotations for middling upland at New York on
Aug. 26 for each of the past 3i years have been as follows.
1888....0.10B8
1904....0 11 20
1896.. .0. 83,8
1880. ...0.12
1908. .... 12-76
L896..
713„ 1887..... 9lS]g 1879
12
9
1908.
1894..
7
"4
1886
9
1878
121,8
7i«
868
1901.
1898..
10i»„
1886...... lOE, a
1877
1000.
1892..
9<^i
1884
7%
lOXi
1876
12i]e
1899.
1891..
8li«
10>«
1888
UBb
1876
1898.
5\
1890..
llSie
1882
16%
12i5ie 1874
1897.
She 1889..
ll>s
12>«
1881
20
1878
NOTB.—On Oct. 1, 1874, grades of oouon as quoted were changed.
According to the new classlflcation Middling was on that day qaoted
*90, lower than Middling of the old olasBlfloatlon.
MARKET AND
Spot Market
Olosbd.
8.877
487.792
117.267
"600
"200
Speculation in cotton for future delivery has been much
more active and a sharp advance in prices of slightly over Ic
per pound has occurred. The basis of the advance has seemed
to be a stampede of the bear iuterests. loflaenced by
the
favorable outlook for the growing crop and the large increase in the acreage planted, there has been for some time
past persistent short selling, on the theory that the coming
crop win be a large one and that prices will therefore work
to a lower basis.
It now appears, however, that not proper
consideration was given to the existing small stocks of cotton, which left the market exceptionally vulnerable
to an
attack from bull interests. Even with a heavy movement of
the crop during the next two months, the actual requirements, owing to the present exhaustion of supplies, it is
claimed, will be such as to readily absorb available supplies.
This line of argument, together with reports of serious deterioration in the crop, particularly in Texas, served to start
a buying movement on the part of shorts, which, as prices
advanced, rapidly gained headway. Manipulation on the
part of bull interests also added to buoyancy of prices. Today there was a higher market during the early trading, in
response to stronger advices from Liverpool, and on soma
bull support. Subsequently, however, there developed free
selling for the account of bull interests to realize profits, and
the market reacted. The close was barely steady at a net
decline for the day of 20@31 points. Cotton on the spot has
advanced, closing at 11 '200. 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.
£a}^""-- •-.
0. 1-30 on
Good Middling Tinged ..0. Even
Middling Fair
096 on Strict Mlddllrg Tinged ... 06 off
strict Good Middling
0*62 on Middling Tinged
12 off
Good Middling
0*44 on Strict Low Mid. Tinged ...
34 off
Strict
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Oalvea'n, 6m.
ON 8HIPB01.BD, NOT CLEABBO FOB —
Aug. 26 at—
MobUe
MobUe
Otaarleaton..
[Vol. Lxxix.
In addition to above exports, our telegrams to-night
also
give us the following amounts of cotton on shipboard,
not
cleared, at the ports named. We add similar figures
New York, which are prepared for our special use for
by
Messrs. Lambert & Barrows, Produce Exchange Building
teyannab..
2.210
Pt.Arthor.&o
NewOrleana...
New
.
.
.
.
SALES.
Fdtukbs
Mabkgt
Clobbd.
Wulet. 20 pts. ad
datnrday
ready ...
Monday.... Quiet. 16pt8. a^. Very steady
rneaday
i^alet, 20 pts. ad B'rly steady.
Wednesday UuU
Pima
Thursday., ^niet. .......... Very steady
rrlday
Quiet
B'rly steady.
.
Sai.es
OF Spot & Oontract.
Ex-
Oon-
Con-
port.
stimp.
tract.
Total.
"lie
126
80
so
. .
Total.
200
200
179
200
685
.
«
II
'
'
THE CHRONICLE.
Asu^. 27, 1904.]
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movement— that
Tow^ns the
At the Interior
Yorfc.
since Sept. 1, the shipments for the
week and tbe stocks to-night, and the same items for the
corresponding period of 1902-03—18 set out in detail below.
^o ^^
cuts
"i
(O
New
T93
receipts for the
M'll il'li'i!
(OCD
CO
aw ^
or
cloBlng prioee at
7:
3:
:
«0<D
II
.
I
'
the afloat, are this week's returns, and oonseqneoti^ » I
foreign Qgares are bronght down to Thursday evening
Bat to make the total the complete figures toy to-nlKfat
Aug. 86). we sdd the item of exports from the United States
Inoinding in It the exports of Friday only.
1002.
1904.
1901
190S.
238,000 244.000 436 000 S95,00'
23.000
25,000
19,000
8,00(
19.000
27,000
....
000'
Xotftl UreMi ttrltaln stock. 282.000
29^,000 455
404,000
no«k St Hambarg. .......... 43.000
34 000
20 000
19.000
itoek at Bremen ....
.....
70,000
61,000
66 00<
71.000
itoek at Antwerp ..... ....
3,00<
4 000
3.000
3 OOO
StoekatHa^re
85 000
90 00<
81,000
68,000
Stook at MarseiUea...
8.0<H
4.000
4 000
2 000
StOflk at Baroelona... .......
23.004
23,000
10,000
82,000
lO.OOt
StoekatOenoa
19 000
15,000
14,000
.^
Stock at TriMnte.....
12 000
9.000 _15,2(K>
18,000
Total OontlBeatai atooks.. 263,000 216,000 226,0 'O ^29,20<'
T«tal Baropean itooMft
545,000 509,oOC 681,000 633 20<
India cotton ftfloat lor Barope
32.000
26, '«K>
27,000
65.000
Amer. ooTion *flnat(orB'rope.
9l.00<
59.000
16,000
82,000
BKypt,Brazll.Ae., ««lt.ror£'pe
13.00*
15,000
9.000
12,000
Btuok in Alexandria, Bgypt...
63,00(
58.000
11,000
18.000
Stock In Bumbay, India...... 343.000 401,000 331,000 3*9,00
Btook In Ublted States porta..
85.102 164,126 148.399 217.615
Stock In U. 8. interior towna..
131 040
69,911
61.721
11,809
United States <tzporta to-lay.
2 733
3.348
4,556
1.335
Xoial vuibleaopply
1 153,569 1,207,270 1,346.468 1,546,588
Ottlieab«ve.totala 01 American and otkerdeaonptions are as rono**:
gtoek SI LiTwpooi... bAlei.
Stoflk St LotKiAv . ..^
•toek »t Manolieater. -^ .....
..
'
ANMiHaan—
Ursrpool atock
balsa. 148.000 leo.ooo
352,000 294.004
25,000
13 000
Continental atooke.. ........ 145,000
IKi.OO^
131.00U 176,000
4menean afloat for Bnrope... 16.000
9l.o<><
59.000
82,000
United Btatra a took
86.102 184 126 148.399 237,61^
...
OaltedStateainterloratooka.
131,"40
11.809
61.721
59,911
2,733
OaltedStateaezporta to-day.
8,348
4.69G
1.835
Total Amenoan
471,569 525,270 800,468 920 384
Ma$t Indian, Brauil, dc—
102.00t
LlTerpool atook ..... .... .....
84.000
90.000
84.000
London atonk
8.00(
19,000
25,000
22,000
..............
Manchester stock
2,000
6,000
'65 2oV
'60,000
OonUueuiSi stuoa.... ......... 118 000
85,000
India afloat for Bnrope ......
2«,00(
32,000
27.000
65,000
13.0o(
flTPt.Braall, Ac, afloat
9.000
12.000
15,000
Stock In Alexandria, Egypt...
63.001
18.000
68.000
11,000
Stock In Bombay, innia ,,.... 343 000 404,000
8Jl 000 3 49 0<"
Total Bast India, *"
546 000 626.20'
682,000
Total American
471,S69 625.270 800,468 920,388
..
Total Tlalble anpply
1,153,569 1,207.270 l,346,46o 1,546. ^'^8
Middling Upland, Llverpoui..
6-86d
6'66d.
Sisad.
Middling Upland, New fork.. ll-20e
12-760
90.
63,«d
gypt Good Brown, Liverpool
10B,«d
711,6<1.
83|ed
Parnf.Eoagh Good, Liverpool 10-5ud
7d
Vd.
9 00d
Manekeater ftock.
Broach Fine, Uverpooi
4ll„.d.
417.121
ed
5>3|fl'l
nnii*v«liv oood. LlVerpoo ...
4ii,6d.
66, gd
57ud.
By" Continental Imports past week have been 3-5,0 '0 bal^n.
The above fignres for 1904 show a decrease from last week
of 104,210 bales, a decline ol 53,701 bales from 1903 adecr^H^e
of 19^,899 bales from 1902 and a loss of 393,019 bales from 1901.
l-M
O COMM
o©-4M«<; M©M
MOSM
oj
©MMViif^if^ex'
If
ODCT
M
bO-O
to
•
coeto
II
Kic»tOi»>©
ceto
a>]i!5CK©aE)W0D>4toosv<©^9s 00*
The above totals show that the interior stocks have decreased during the week 1{J'3 bales, and are to night 48,102
bales more than same period last year. The receipts at all the
towns have been 26,370 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for tne week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Au^. 26 and since Sept. 1 in the last two years are as follows.
We
190203,
1903-04.
Augmt
26.
Since
Week.
Shippedr—
Via St. LoulB
Via Cairo
Via Rofk Island
Via Louisville
Via Cincinnati
Via other routes,
1,086
1,323
519,150
256,550
1-1 731
i',037
1235?2
81
32,431
196.042
&o
Total gross overland
Deduct ahipnuntg—
Overland to N. Y., Boston,
Since
Week.
Sept. 1.
Sept. 1.
116
""so
748,375
208,404
29,605
162,472
37,101
262,290
166 1,443,247
3.527 1.141,426
905
98435
758
towns
8
753
31,435
103.173
211,307
60,102
Inland, &o., from South
4",74'5
86,4'i7
1,666
233 043
5,503
847.896
Between
interior
Ac.
Total to be deducted
Leaving total net overland'
1.861
908,383 16,837 1,100,351
Including movenaent by rail to Canada,
Deduction
t
greater than overland.
The foregoing shows that the week's net overland movement
this year has been 1.86
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 19 ,96S bales.
.
1
1
1903-04.
In Sight and Spinnert'
Takings.
Total marketed.
Since
Sept 1.
,
Sei)t. 1.
2,138 7 641.600
31.976 7.169.272
90S,3^3
l,8rtl
10,000 2,028,0i.0
Net overland to Aug. 26
Southern consumption Aug. 26.
t.-i.SS^
1.1(10.351
30,000 2 03^,000
43,837 101 0.i6.«i5* 26,801 U-779951
151,269
182
48.309| '1,364
1
Interior stocks in excess
Came Into
_
W^e**.
Since
Week.
RpcelptB at portn to Auk. 26
1902-03.
sight during week.
25,437
43,655
101,'^3964l
10728682
North, spinners- tak'gs to Aug. 26' 14,054 2,135 00>l
13,228 2.^J0.689
Deduction.
Total In Bight Aug. 26
*
1
,
Decrease during week.
Less than Sept. 1.
into sight in previous years.
I
(
Movement
Week—
lialf^.
1902
Aug. 29.
1901— Aug. 30
1900 Aug. 3
1
l899-8ept
1
106.625
7«,599
37.848
97,339
Since
Set>t. 1
-
Bale:
1901 02- Aug. 29
IP 00-01 Aug 30
1H9900 AUK. 31
1698-99- Hcpt.
1
"
10.565,13
10,477.518
9,154,921
.
.
.
THE CHEONICLE
794
—
Quotations pou Miduung Cott ^n at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOBINO QUOTATIONS FOB MIDDLIMO COTTON ON —
Week ending
A%ig. 26.
Monday. Tuesday. Wed'day Thursd'yi Friday
Sat'day
10\
Oalveston.
New Orleans
Mobile ....
107,6
lOSs
1012
1012
lO'e
11
11
11
lOflB
1H«
llifl
10
10
10
IOI4
101s
IOI2
Bavannnh
100,6
1038
10\
10%
10%
10%
1038
10»8
10 85
11 00
11-25
10«8
10\
1100
1125
11
11-20
11-SO
11-45
11
11-20
11-50
11-45
11
11
.
..
Charleston
Wilmington.
Norfolk
Boston
10 65
Baltimore...
Pbliadelph'a
Augusta.....
1110
10*8
ID'S
Memphis
Houston .
Little Rook
.
11
1038
10%
10%
Louis
St.
00
11
1038
10»,a
10
10
45
10%*
11*
1038
lOi*
10%
10Ui6
10
lO'e
New cotton.
The closing qnotations to-day
1120
11-ftO
11 45
im
10%
10%
lOifl
10%
10%
11
1019
11
1012
10
(Friday) at other important
Southern markets were as follows.
Atlanta
IQSb
Louisville
10''8
Montgomery.. 1013
Columbus, Qa.. 10>«
Columbus, Ml- 8 9>«
Natchez
Raleigh
lO'^a
11
Nashville
Shreveport.... IQie
10%
Option Market.— The highest, lowest and
New Orleans
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'day, Monday, Tuetday, Wed'dav, Thurid'y Fnday,
Aug. 20. Aug. 22. Aug. 23. Aug. 24. Aug. 2->. Aug 26.
August—
1042--51 10-S2- •73 10-81-00 10-90-
Range
Closing.. 10-60--51 10-73-
10-75-
-
11-34-
i
Sept.-
Range
.
Closing..
11-20- -60 11-45--75
11-50--62H-25--30
9-83 09 10-17 -50 10 3?>- 72 10-50--89ll0 60 00
10-08- 10 10-21 -22 10-54--56 10 88--t0 10-61--63
9-729-79
OCTOB'E—
Range..
9-.S4--60
Closing..
9-57--58
9-«0--P8 9-96--3l!lO-^7--,'i2 10-30--73 10-^8--86
9-88--89 10-00--01|l0 37--38 10-72--73 10-44- 45
9-53--58
9-55--£8
9-58--86
9-B6--87
9-58--63
9-t0-'61
9-P4--90 1000- -33 10-12--55 10-43--76 10-40--85
9 90--t2 1003- -04 10 39--41 10-74--76 10 46--47
Dbc'bebRange
.
Closing.
Jan'ahy
Ran^e
Closing..
9-95--29|10 049-98
10-35-
10-28--71
10-70--71
1
36--82
1041-42
Toms—
Spot
.-
OptJons.
Firm.
Firm.
Steady,
(^ului.
Firm.
Steady.
I
Finn.
Firm.
Irregular
Strong.
Weather Reports by Telegraph.— Telegraphic
Quiet.
Steady.
advices
from the South are of a somewhat conflicting tenor. The weather has been fairly satisfactory as a rule
during the week, but from a few points there are claims of
to as this evening
much
Our Galveston correspondent reports damage
by boll- weevils, boll- worms and drought, and there are complaints of injury from rust, shedding and blight in sections
of Arkansas, Alabama and Florida. On the other band, advices from other sections of Arkansas and Alabama, as well
too
rain.
as fro-T^ TeEuessee and Atlantic districts, are of a favorable
character. Picbing is progressing well in early sections.
Oalveston, Tea;a«.— Reports of serious damage by boll-wee
Somn claim that the
vil, boll-worms and drought continue.
condition of the crop is below last year.
have had a
trace of rain on two days the past week. Average thermom
eter 88, highest 99, lowest 77.
Abilene, Texas. There has been rain on one day of the
week, the precipitation rr aching fifty-eight hundredths of an
inch. The thermometer has averaged 83, the highest being
98 and the lowest 66.
Brenham, Texas.— It has rained on one day of the week,
the precipitation reaching two hundredths of an inch. The
thermometer has averaged 83, ranging from 67 to 96.
have had rain on day during
Corpus Vhrtati, Texas.—
the past week, tbe rainfall being forty hundredths of an
inch. The tbermemeter has ranged from 74 to 88, averaging
We
—
^e
81.
Ouero, Texas.— There has been rain on cne day during the
week, tbe precipitation being two hundredths of an inch.
Average thermometer 83, highest 97 and lowest 69.
Dallas, Texas.— We have had rain on one day during the
week, the precipitation being eleven hundredths of an inch.
The thermometer has averaged 85, the highest being 102 and
the lowest 67.
Htnrxetta, Ttxafl.— Rain has fallen on one day during the
week. The thermometer has averaged 88, ranging from 68
to 108.
Huntsville, Texas.— There has been rain on one day during
the week, to the extent of twenty-seven hundredths of an
inch. The thermometer has ranged from 68 to 99, averag-
ing 84.
TeawM.—There has been no rain during the week.
Average thermometer 77, highest 94, lowest 59.
Lampasas, Texas.- Dry weather has prevailed all the week.
The thermometer has averaged 79, the highest: being 97 and
Kerrville,
the lowest 60.
Longvtew, Texas,— There has been no rain during the week.
The tfceimome'er has aversged 85, ranging from 71 to 99.
Palestine, Ttxas. There has been no rain during tbe
week. The tuetmometer has ranged fiom 73 to 94, averai<ing 88.
Paris, Texaa.—There has been a trace of rain on one day
during the week. Average thermometer 85, highest 104, low-
[Vol. Lxxix.
oan Antomo, Texas.— Yft have had no rain tbe past week,
Ttie theriu* meter has averaged 60, the highest being 94 and
the lowest 66.
Weatherford, Texas.— We have had no rain duricg the
week. Thermometer has averaged 85, ranging from 69 to 100.
Shreveport, Louisiana.— We have had no rain during the
week. The thermometer has ranged from 71 to 97, averafing
84.
We
New
Orleans, Louisiana.—
have had rain on two days
the past week, tQe rainfall being two inches and thirty-four
hondrt-dtbs. Average thermometer 84,
Columbus, MissisHippi.— There has been no rain the past
week. The thermometer has averaged 80, the highett being
98 and the lowest 63,
Leland, Mississippi,— It has been dry all the week. The
thermometer baa averaged 791, ranging from 67 to 91,
Vtcknburg, Miasissippt.-We have had rain on one day during tbe week, tbe ralotall reaching one inch and ninety-four
hundred hs. The thermometer has ranged from 73 to 94,
averaging 83,
Little Rock, Arkansas.— Ctoi» «re doing well.
Thursday
was tbe hottest day here in two years. There has been rain
on three days daring the week, the rainfall reachirg sixtyfive hundredihs of an inch, and it is raining to dny.
The
thermometer has averaged 81, the highest being 96 and the
lowest 64,
Helena,
Arkansas.— Ra.inB local, but damaged crope.
shedding and rust generally reported. We have had
rain during the week to tbe extent of one inch and seyeatytwo hundredths, on two days. The thermometer has averaged
83 1, ranging from 69 to 94,
Memphis, Tennessee,- Cotton is beginning to open and prospects tor a large crop are very good. Four new bales were
received Thursday, three from Arkansas and one from Missiesippl and one to-day, also from Miesleeippi.
First bale was
four days earlier than last year and seven days later than the
average, Tbere has been rain on two days during the week
ro the extent of forty-seven hundredths of an inch. The
thermometer has ranged from 68-7 to 92, averaging 80'S.
Nushville, Tennessee.
Rain has fallen during the week, the
rainfall reaching one inch and thiity-four hundredths. Average thermometer 83, highest 95 and lowest 69.
Mobile, .4iaba7na.— Weather has been favorable in the inerlor, with scattered showers tbe latter part of the week.
Crop condition is considered generally good, notwithstaading
complaints of rust and shedding from many sections. Cotton
picking is progressing. There has been rain on two days the
past Week, to the extent of thirty six hundredths of an inch.
The thermometer has averaged 82, the highest being 91 and
the lowest 71.
Montgomery, Alabama. The rain Increases deterioration
and outlook is less sansfactory. There has been rain on
three days of the week, the rainfall reaching eighty-eight
buLdredths of an inch. The thermometer has averaged 82,
ranging from 73 to 94.
Helma, .dkibama.— Complaints of shedding and rust are
numerous, There has been but a trace of rain during the
week, Tbe thermometer has ranged from 69 to 99, averag-
B
ight,
—
—
ing 88.
Madi.son, .FYorida,- Excessive moisture has' done considerable damage. Much complaint of rust and shedding
We
have had rain on four days the past week, tte rainfall being
two iochea and fifty hundredths. Average thermometer 78,
highest 90, lowest 69.
Smyrna, Otoryia ^Jrops are very promising, There has
been rain on three days during the week, the rainfall being
«ixty hundredths of an inch. The thermometer has averaged
74, ranging from 68 to 90,
Augusta, Oeorgia.—i^ew cotton is arriving slowly. There
has been rain on one day of the week, the rainfall being
seven hundredths ot an inch. Tbe thermometer has averaged
84, highest being 99 and lowest 70.
Savannah, Georgia.—
have had rain on five days of the
week, the raintali being one Inch and seventy-four hundredths. The thermometer has ranged from 73 to 93, aver-
We
aging
82,
Stateburg, South Carolina.— Cotton progresses finely and is
beginning to open.
have had rain on three days during
tbe week, the precipitation being eighty-nine hundredths of
an inch. The thermometer has averaged 81, the highest
being 94 and the lowest 69.
OreeTiWood, South Carolina.— Dry weather has prevailed
The thermometer has averaged 80, ranging
all the we-^k.
from 73 to 68.
Charlet'ton, South Carolina. There has been rain on five
days during the week, the precipitation being four hundredths of an inch. Average thermometer 82, highest 93 and
We
—
lowest
74.
—
—
est 69.
We
Charlotte, North Carolina
Crop conditions excellent.
have had rain on two days during the week, tbe rainfall being
thirty-nlLe hundredths of an Inch. The thermometer has
rar^eed from 68 to 9i, averaging 79.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 a. m, Aug. 26, 1904, and Aug. 2t), 1903.
New Orleans
Memphis
Nasbvllle
Shreveport....
VlchBburg
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
-
AV&. 27
THE CHRONICLE.
1904.]
Cotton Crop Cibculae.— Oar Annaal Cotton Crop Raview
will be ready in circular form about Thursday, Sept. 8.
Parties desiring the circular in quantities, with their
business card printed thereon, should send in their orders as
soon as possible, to ensure early delivery.
India Cotton Movement from all Ports.—The receipts
of cotton at Bombay and the shipments from all ladia ports
for the week ending Aug. 36 and for the season from Sept. 1
to Ang. 25 for three years have been as follows.
Receipts
at—
(Since
Since
Week.
Week.
Sept. 1.
Sept. 1.
4.000 2,131,000
3.000 2,475,000
5,000 2,131.000
Bombay
Since
Week.
Sept. 1.
Since September
For the Week.
from—
Continent.
Great
Britain.
Total.
Bombay1903 04..
1902 03..
,
1901-02
Calcutta -
.
1903 04..
1902-03..
1901-02..
6,000
1,000
5,oo6
1,000
1.000
2,00»
3,000
2,000
4,000
Continent.
1,0
1.
Total.
8'?3,000
957,000
1,002.000
496,000
505 000
4.000
5.000
4,000
50 000
54 000
52.000
52,000
57,000
56,000
.«14.000
31,000
20,000
67,000
40,000
25,000
303,000
195,000
130,000
32«,000
i34 000
139,000
MadTHS2,'
2*oo6
5,000
2.000
4,000
6,000
13,000
9,000
5,000
2.000
4,000
7,000
4,000
5,000
7,000
6,000
9,000
23.000
39.000
9,000
2.6o6
7,000
13,000
13.000
13,000
13,000
1^,000
20,000
1903 04..
1902-03..
190102..
All others—
1903-0 1..
1902 03..
1901-02..
Total all1903-04..
1902-03
.
190102..
5.000
00
August 6th
of Alexandria
worms oontlnae plentiful, bat
too early to gauge their value. Our experts are still visiting
districts,
and
we
hope by next week to be able
cotton-growing
all the
to give an approximate estimate of the damaee done. Any opinion
given at present as to the eventual outturn and f ntare coarse of the
crop would be pure guesswork and worthleas. The weather in the
meantime Is good and water
is plentifal.
Cotton Mill Situation.— Sir jfce Situation.— Kdyices from Fall River indicate that there is a strong
92'" ,000
94,000
77,000
9,000
The same fitm writej under date
as follows:
Rnmors about damage to the crop by
New England
Mxports
Great
Britain.
so divergent, according to the places whence it comes, that for the
present It Is Impossible to estimate the Importance of the damage
done. It 14. however, hoped that with a good t»-mperatare daring the
monthn which are still to follow, the cotton plants which have snf
fered win be able for the moRt part to mabenp for what they have
lost.
In Upper E^ypt the plants look ma«nilloent, and are full of
bloom ana bolls. There the wafer la plentiful anl caterpillars are
unknown. Reirardlng the Fayoum the same can be said about the
caterpll'ars. Oo the other hand, there are complaints about an Insat*
fiolent water snpply, and several fields have soffered In consequenoeIs
It Is still
190102,
1902-08.
1903-04.
795
134 000 1,'?70.000 1,404 000
130.000 1.203.000 1.33<,000
27,000
98.000
725.000
feeling among manufacturers to keep mills closed in view
of the existing condition of trade, Therefore, for the present,
no attempt to stait up is expected.
—
SHiPPma News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 10,26) bales, The shipments in detail, as made up
rom mail and telegraphic returns, are as follows:
Total bales.
Nbw Yokk—To
Liverpool, per steamers Armenian, 1,534...
663
To Genoa, per steamer Prinz Adalbert. 100
New OKLBAN8 To Livf^r pool -Aug. 22— Ptr. Belgian, 1,'?22
Auk. 26-8teamer Meohanlolan, 4.10)
To Hamburg-Auir. 2i Siea'ner Hercules, 480
To Copenhagen -Aug. 20 Steamer T*»xas, 100
To Genoa— Au^. 23— Steamer Fert. 999
Boston To Liverpool - Aug. 20— Steamer Sachem, 109
Aug. 24— steamer Cretlo. 426
To Manchester Aug. 19 -Steamer Caledonian. 30
Sbattlb -To Japan— Aug. 14— Steamer Tremont, lOO
Taooma—To Japan—Aug. 14— Steamer Trtmont, 402
2,197
Oerirlc.
100
5,822
480
100
999
635
80
100
402
-
10,265
Total
Alexandria Receipts and Shipments of Cotton.—
The particulars of the foregoing shipments for the week
Through arrangements we made with Messrs. Choremi, arranged in our usual form, are as follows.
receive
Alexandria,
we
now
a
weekly
Benachi & Co., of
Oreat French Qer- ^—Oth.B'rope—. Mexico,
cable of the movements of cotton at Alexandria, Egypt.
Brit'n. ports. m,any. North. South.
Ac. japan. Total.
The following are the receipts and shipments for the past New York. 2,197
100
2.297
480
100
999
6,9Jl
week and for the corresponding waek of the previous N. Orleans. 5,322
......
......
......
......
566 ......
......
565
Boston ....
two years.
100
100
Seattle
Alexand^ ia, Egypt,
August 24.
1903-04.
1902-03.
1901-02.
2,R00
6,464.432
1,500
5,743.173
5,500
6,474.757
This week
Since Sept. 1
This
Since
week. Sept. 1.
Mfvorts {bales)—
To Liverpool
2,500 243,7.')0
To Manonester
2,500 139,961
To Continent
3,000 362,^77
To America..........
700 63,862
Total exports
This
Since
week. Sept. 1.
This
Since
wtek. Sept. 1.
208,«08
146.418
199.4*51
123.i!44
"739
8,700 800,290
A cantar Is 98 lbs.
32H,7.»i7
84,130
430.06^
104 215
739 768.113
1.539 856,982
i',539
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market is dull but
steady for yarns and firm for shirtings
Mt-rchants arH
buying very fpariniJ:ly.
give the prices for to-day below
and leave those for previous weeks of this and last year for
We
comparison.
1904.
Twist.
d.
d.
1903.
314 lbs. Shirt- Ootl'n
ings, common Mid.
to finest.
lipids
8.
d.
s.
S-'e® 988 5 lOi^^S
8ii,<.®938 !S 9 •as
9^'ai 9^ 5 8 'a)B
" 12 8i2» 9>4 5 8 -as
" 19 838* 9i«'5 7i2»S
'• 261
S'e® 938'5 10 o9
J'y22
" 29
Aug.5
d.
9
712
7S
7^
7^2
d.
32« Cop.
Twist.
d.
d.
6-32 9
'&9^
6-18 9
®9ie
6-02 81616-31913
610 9
®908
612
8iBi8''9ifl
6-66 815,g®99,g
9^
lbs
Shirt\ OotVn
mus. common]
From the Pacific Coast.
—
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
Aug. 5
week
8.
d.
5 10
S.
-as
d.
7ifl
d
6 60
®8 T^. 6-60
®8 7H. 8 ««
5 9 ®8 7»a 6-84
6-70
5 8 ®8 6
686
5 8 ®8 6
Mr. James Berry,
5 10
5 ft
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 Aug. 22, summirlzmg them aa follows:
Chit-f of the
The general ontlook
for cotton Is
Aug. 12
Aug. 19
Aug. 26
86 001
34 000
20 000
2,000
1,(00
1,000
1,000
1,000
1.0<0
Sales
29 000
2.000
18,000
9,000
55 000
26 000
2 000
46 000
39 i 000
189 000
22 0<
11 000
55 000
31 000
21000
Actual export
000
42 000
2>>1 Ooo
10 COO
46 000
238,000
18'
148000
bales.
Of which exporters took. ..
Sales of the
Of which speoolatore took.
American
Forwarded
Total stock— Estimated
Of which American—Eet'd.
week
Of which American
Amount afloat
Of which American
Total import of the
..
318 000
214 000
26 00('
17 000
62 0u<
34 000
1
00
24 000
12 000
6 000
26 000
38 00t<
25 000
26 000
9 000
12.000
market for spots and futures
sach day of the week ending Aug. 26 and the daily closing
prices of spot cotton, have been as follows.
of the Liverpool
yivi.
XJplds
to finest
Government Weekly Cotton Report. —
'
4j0
8,084
The tone
32« Cop.
402
402
100 1,099
502 10,265
since Sept. 1 have been 46,291 bales
.
Total....
The exports to Japan
Bereipts (cantars*)-
*
lacoma. .
somewhat Improved as compared
with the ooudltloDB rnported the prevloas week, allhongh t-h>)(l<itDg
oontlnoea In every State anl rnst Is prevalent tn ihe oenlral and
eastern diBtrlcts. The unfavorable eflects of sheading and runt, however, are less pronounced than were reported last week. lu Texas
the wea'hHr conditions wt*re favorable, bnt the crop contlnacd to
deterl >ra'e as a recu t of rast and shedding and damage by Inseots
IuthU8tatelnJiirybyboll-wormsl8deorea8lag.bat the boUweevtU
onotinoe very oeetruottva In soathwestern, central, eautern and oiasi
dlvUlonn, havintj cauaed ent'ro ahsence of bloom In many localltl»'8.
Picking 1» qnlt« Keneral In Texas, except In the north portion, and Is
in progreiiiD tbesoaiheTnpjrilonB of the central and eastern districts
of the cotton belt.
Sat'dav.
apot.
Market,
12:30 p. M.J
& exp.
follows:
Oreat heat was prevalent dnrlng July and Irrigation regular and
easy. Thrae very favorable clroomctanoes have ha^tt-ned the blossoming of the plants and thn formation of bolls, which, generally
"?*.*""*' "* JBore abnnrlant than last year. On the oiher hand, oom
plaints ahont caterplilare have been more namerons than in past
aeaaopn. These Insect* have been found In large quaniltles nearly
everywhere In Lower Egypt, but eppeclally In tue O»li»ubloh. ObarKleh and Behera. However, the information reoelved on thu sabjeot
Wcd:'day. Thursd'y Friday.
Dull.
Dull.
Small
Dull.
Inquiry.
614
6*22
6-8e
6 40
6 50
6 66
3.000
4,000
4,000
4,000
4.000
600
400
400
400
6000
1000
400
Futures.
steady at Steady at Firm at Steady at IrreKUlar. Steady at
ipt.
uncb. to 6(?7 Pts.
H(^f> pti.
8310 pts.
e pts.
deollne. tdvanoe. advance.
deollne 3 pts. aJT. advanoe.
Market
opened.
Market,
4 p. M.
4tead;
(
)
at
pU.
advance.
Steady at IrreK.
4(»H
6 pts.
at
Bl(i»il7 pts.
advauoe. advanoe.
2<aS Pti.
14® IS pU.
revMsn at
advance
advanoe.
StrooK at StOHdy
U4*U ptt
advanoa
at
The
prices of futures at Liverpool for each day are given
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Tucsi.
Sat.
Iflon.
Aug. 20. Aug. 22. Aug. 23
12it|
1
{I2>fl|
P. II.Ip. M. P. M.
Egyptian CROP.-MePsrs. Choremi, Benachi & Co. of
Boston Hud Alexandria, Egypt, furnish U9 the remme of the August
Alexandria General Produce Association's report for July as
Dull.
Dull.
Mid, Upl'dB.
dales
Spec.
Monday. Tuesday.
d.
d.
d.
6 82 6 89'5 96
auK -;Mpt.., 5 61 6 70 ^ 76
Sept.-Oct..., 5 40 .^ 46 5 50
5 •/» 5 36 5 3
Oot. Nov..
Nov. -Dee.... R27 5 32 5 i>6
6 28 ft 38 5 38
Dec. -Ian
Jan. -Feb ... 5 82 5 38531
Feb. Moh .. 16 27 5 2t)5 31
Mch.-Aprll. 6 28 5 29 5 32
April-May .. 6 88 5 29 5 H2
May-fune
..
June-
..
"uly.
....,6
8i
Wed.
Aug
24.
Tharn.
FrI.
Aug. 25
Aug. 26.
4 12>« 4 12ic{ 4 12>«
P.M. P.M. P.M. P. MP. M. P.M.
d.
"dT
d.
d.
d.
4
4
12HI
P. M. p. M.jP.
CdT
d.
M.
d.
d.
I
6 94 6 09 6 1.' 6 13 H 36 6 24 6 28 6 40 6 46
04 6 07 A 19 6 26
5 73 5 88 ^ pr i 92 6 04
5 98 ft 99
5 46 5 63 6 73 i «- 5 P3 5 84
5 3b 661 5 ei ^ 6.'i 5 71 5 7« 5 74 ft 8ft 5 88
70
^
6
ft 81 ft 84
67
6
66
5152
32
5
5 47 5
67 ft 78 6 81
5 V9 5 44 !>bt •t 4!' 6»<4 .^ ^8
ft
77 5 80
ft
66
63 .^ 62
5 38 6 43 5 .*'4 5 «8
48 6b» 6 62 % 6« 5 77 5 80
5 2t« 5 43 6 54
67 ^77 ft 80
^ 49 f> 64 5 68
5 29 5 44
6 2^ 6 44 5 5r 5 49 5 64 6 63 5 67 6 77 6 80
20 6 441 5 98 49 5 64 6 68 5 67 6 77 16 80
>.
.«>
ft
(S
—
,
THE CHRONICLE.
79()
JuTK Butts. Baqoing, &c.— The market for jate bagging
has been inactive dnriog the week and prices are nominally
uDcbaDged at
ard gradn.
ity
fif'aC.
for
lbs.
ORAIN.
Wlieat, t>©r
Jate ontts vpry dnll at \%@i%Q.
for bagging quality.
baBh
0.
N Dnf.No.l^
and 6%c. for
and 2@2Jio.
Vol. Lixix.
2 Ibe., etandfor paper qaal
N. Dul., No. 2
Red winter, No. 2..
Hard winter, No. 2.
Oats— Mixed, p. bush.
White
No. 2 mixed
BREADSTUFFS.
Oom, per baah—
Weatem mixed
0.
f.o.b.125%
f.o.b.122%
f.o.b.ll4%
f.o.b.110%
35>9936>4
38 944
Nominal.
No. 2 white
Westeni
NomlnaL
Feiday, Ang.
26, 1904.
o.
NomlnaL
61
Barley— West
Feeding
»75
NomlnaL
NomlnaL
Exportg of Grain and Flour from PaciOe Ports.— The
exports of grain and flour from Pacific ports for the week
ending Auk 26, as received by telegraph, have bwn as follows:
From San Francisco to Japan and China, 20,035 bbla. flour'
and to various South Pacific ports, 2 954 bbls. flour.
Combining these figures with those tor 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 19'i3.
*
Mxporti
Flour,
froiHr—
bblt.
prices.
Speculation in wheat for future delivery has continued on
a fairly extensive scale, but the wild advance in prices has
been checked in fact, as compared with those ruling a week
ago, values show a sharp reaction. It is generally conceded
that crop damage from rust has occurred in the Northwestern States and Manitoba, but the sensational crop-damage
reports recently current have been less frequently h' ard.
Large speculative holders, it is understood, liquidated freely
at the top wave of the advance, and many of the regular
trade interests during the past week have been operating,
it is understood, on the
bear side of the marke". The
cable advices from Europe have reoorted qaiet and easier
markets. Latest Information relative to the European crops
places the out-turn of the wheat crop of Northern Prance 10
to 15 per cent below an average.
The official Prussian crop
report of August 15th makes the condition of the winter
wheat crop 7n^, against lit last year, and the condition of
rye 78ig, against 8 $ same time last year. The " Cincinnati
Price Current," in its weekly crop review, says that Northwestern wheat reports are confirmatory of injury, but not
essentially enlarging it, the aggregate crop promise remains
practically unchanged. The spot market has been quiet and
easier.
To-day the market opened easier, but advanced on
reports from the Northwest of poor threshing returns. The
spot market was firmer but quiet.
DAILY OLOSmO PKIOES OF WHSAT FTTTCBBS HI
*o'
Hon.
Tue$.
Wed. Thurg.
„
tri
„
^
^
^
No.2redwlnter,
II8I4 117
f.o.b... 119%
113«e li3»« 114%
Sept. dellvwrs JD elev.... ll.^Bg
1141^ 113
1091^ l09ia 110\
D«o. delivery In elev.... 115^ 114i« 112i« IO-14
10'«9 110i«
e.
'•66%
b.60%
t. o. b.6l%
to. b.eOU
f.
State and Jersey...,
I
Influenced by a sharp break in valoea for the grain, there
has been an easier turn to the market for wheat flour. At
the lower prices a moderate volume of business has been
transacted, buyers showing a willingness to operate more
freely during the latter part of the week at the lower prices
ruling. Ci y mills have had a moderate sale but at a lower
basis of values. Rye flour has been quiet,only a jobbing business being transacted. Corn meal has had a fair sale at steady
0.
85
No. 2 mixed
No. 2 yellow
No. 2 white
Bye, P«r boah—
San Fran.
Pnget 8'd.
Portland..
Wheat,
bush.
35,809
11,343
132,849
87,890
80,616
Oom,
oatt,
hifh.
hu$h.
9
2,389
45
135
160,000
2,39<)
180
232
160.000
92.746
Barley,
buth.
JZye,
hutk.
"vfi
;
VKW YORK
TotaL...
271355
rot. 1003.
247,507
47.153
316,500
2.016
174
QovEBNMENT Weekly Grain Report.— Mr. James Berry,
Chief of .the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week endlnir
Aug. 22 as follows:
Corn.— The prlnolcal corn States have experienced a week of favorable ©ondltlona, abundant rains havlns; fallen throoKhont the oom
belt, noept In portions of Ohio and Nebraska. Corn h^s made
satisfaotory progress In the States of the MlSFonri Valley, and U generally
Improved In the Central Mississippi and Ohio valleys, although a
considerable part of the crop in the Ohio Valley has been ir lured
beyond recovery. In the Middle Atlantic Statea ana lower Mlbsoorl
Valley, early corn
Is
8PKING Wheat.—
now
practically matured.
wheat harvest Is generally 8nl»hed, except
m North Dakota andSpringNorthern Minn^'sota. where ra^t
continuing to
la
caasegr-at lijury
R*lns In North Dakota in the latter part of
week interrupted harvesting. Harvesting Is also nearly finished the
on
the North Faolflo Coast.
The movement of breadstuffs to market asindJcated in the
itatements below Is prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Aug. 20
and since Aug. 1, for each of the last three years have been:
,
May
delivery In elev
lien
ll5Je
HS>«
108%
109%
lil^
DAILT OLOSniO PKIOBB OF WHEAT FnXUBKS IH OHIOAOO.
Sat
Mon.
Tnet.
WmL. Thur$.
fri
„ ^ , ,.
8ept deUv. tn elev
11089 log'^a 108»« 103«h 104
IOS'b
m
,
Deo.
In el*v
delivery in elev
11289
10914
loiSg 1051- lOTU
116% lissa lll^^ 106% lOT-'e 109-^8
Indian corn futures have received a fair amount of speculative attention, it being understood that Wall Street Interests have done considerable trading in corn futures, principally on tbe bull side of the mirket. The crop news from the
Ohio Valley continued of rather a pessimistic character, and
during the fore part of the week the movement of old- crop
corn to market did not come up to expectations. During the
latter part of the week weather conditions in the corn belt
were reported favorable for the growing crop, and this
prompted selling for the account of recent speculative buyers,
and prices reacted. One authority reports that important
betterment is noted in the corn situation, and a large crop
probably 2,500,000,000 bushels, is practically assured. The
only contingency now Is serious early frost. Today there
was a steady market. The spot market was quiet.
DAILT OLOSIMO PRIOBS OF MO. 2 MIZBD COBM IN NKtT YORK.
May
-,
.
Cash
dftllv.
,
com f.
o.
^
b
Bat.
60%
Mon.
Tues.
62i«
Wed.
eia^
SBSg
TAur«.
eoBa
Fn.
61
60%
Sept. deU very in elev.... 5938
6914
60%
es'^a
69
Deo. delivery In elev
57i«
SS'b
SB's
eO"*
59
573*
DAILT OLOSraO PRICES OF NO. 2 KIXED OOBH IN OHIOAOO.
Sat.
Mon.
Tuet.
Wed. Thurt.
Fri.
„
^ „
,
,
..
Sept. delivery In elev....
Deo. delivery In ©ley
May deU very In elev
.^4
64ifl
SSSs
6289
63^
65«8
6414
53i«
53%
5270
53
61%
aau
61%
49%
62
49'%
81%
O'its for future delivery at the Western market have keen
moderately active, but at declining prices. The new crop is
now coming to market freely, and under the larger cflferings
values have been gradually yielding, despite the fact that a
fairly full trade demand has been experienced.
The local
spot market has been fairly active but at lower prices. Today the market was steady at unchanged prices.
DAILT CLOSING PEIOBS OF OATS IN NEDT YORK.
Sat.
Mon. Tues.
Wed.
Thura.
Fri.
_
„^
No. 2 mixed In elev
Nom.
38
Nom. Nom. 36
Nom.
No. 2 white In elev
Nom. Nom. Nom. Nom. SS"*
Nom.
DAILT OLO8INO PRICES OF NO. 2 MIXED OATS IN CHIOAOOi
Sat.
Mon. Tuei.
Wed.
Thurs.
Fri.
Sept. delivery tn elev.... 34
3379
33%
321*
3238
Dec. delivery in elev
35*4
34''8
33I9
3414
35
33 Bg
May delivery in eltv
37'*
37
361)8
36 '8
37>fl
36%
Following are the closing quotations:
FLOUR.
Fine........
Nominal.
Patent, winter
Nominal.
Superfine
Nominal.
City mills, patent. 6 4U a 6 65
Extra, No. 2
Nominal.
Rye flour, euperllne 4 35 94 80
Extra, No. 1
$4 05 «4 35
Buckwheat flour.. Nominal.
Clears
4 40 95 00
Oom mealStraights
5 10 '95 50
Western, etc..... 3 20 03 26
Patent, spring
5 90 96 76
Brandywlne
3 26 93 30
,
.
,
,
Receipt* atr~
iTiowr.
Oom.
W}k»at.
Barl$y.
Gate.
By*.
BbU.im\b* Buth.aOtt)» BruhJMlhi B*th.Si n. auth.iS Ibt Btt.xa$.
Chicago
Milwaukee..
Dalnth
111.113
1.838,843
46.800
91,000
109.120
234,088
609.480
9.600
klinneapolis.
Toledo
...
10.868
281.000
46.587
38.179
Lonli....
Peoria
63,010
15.750
956.570
30,400
Detroit
Cleveland
St.
Eanaaa City.
8.8^1.8^6
61,090
69.000
36.898
104,190
870,235
106,000
e8,90d
109.20*
84.700
39.004
7,819
83l,72<
93.110
890.31
04,570
81.000
20,976
29.000
8.700
266 8«
856364
641.25
13.000
608.8 >
19,800
9,000
0.400
2,806,000
170,100
114,00f
347.088
410,433
418,878
6,670.711
1,910.563
6.74S.7B4
814429
141.690
4 330 698
2,363.247
4,l40,5av
347.826
118.856
6.410.(20
1,384.905
4.514,31)
463,343
246,148
891.40S
16.712,883
5,56?.738
15,684,32';
1,204,176
1.655.148
12,019,980
88.689.474
6.331.612 10,656 34
5.851,170 17.0139a
613.180
764.087
8 73 4
338,180
460,884
744.989
Tot.wk. 1904
Same wk. '03.
Same wk. '03.
Since
1904
1903
985,600
28,600
ilufl. 1.
1903
The receipts of flour and grain at the seaboard ports for
the week ended Aug. 20, 1904, follow:
ritmr.
New
Otrn.
)^A«ai.
U«(t.
Bmri$%
460 000
99.000
kftii
rork..*,..*.,.^
a.aton
Moatraal
101,986
21.623
88,778
87,6C4
38,618
8.680
£0.180
.««.
^..««.
P»iladalpMa......»^
a ••'mnr»
^^^
Richmond
Mew
.*..
.,•••01*....^.
138 500
467.625
3&.8ie
78.100
38.461
81.192
37,808
7.000
l!!4.6''6
207.068
1?4,««0
250.118
31,932
•>«ortN«wi...MM
AM
HO. 108
84.R4 4
108.R56
108.370
85.180
78,000
20.321
800
8,077
800
800
dorfolk
tairaitoa
<><rtlan4.Mo
714
17.f00
64.000
156
Mobil*
Total weak. ....^
8.671
760
r49,766
406.101
048.487 ~e7l,C5J
1,768,473 1,3U8.573
~87e.P6i
lao.lvil
3,877
..^
936.421
14.063 136,408
Beealpti do not Inolnde grain passing throagh New Orlean* for forelga
ooru on throagh bills of lading.
WMklOOS..
*
rotai receipt! at porta
from Jao.
oUowB for toar years:
iU(«4*f««/-
1004.
'<OBr_
bulk.
Corn
*•
Oats
Barley
"
tire
'•
•
Totalgialn....
to Aug. 20 compare as
1803.
13.337,407
bbll. 11,851,207
Wheat
\
88.917,010
36.18f,l»5
86,^60.717
1,987.801
1008.
1901.
14,066.814
12837,560
64,497,660
76 264 800
71.7.16,:48
12.i7 093
88,(06,070
1.5te08.4
6!J3,4a9
3,!:59,<70
l.WieOtO
104.168,406
b0.740.7la
01,812,585
8,178.853
8,897,663
94.488.122
176,703,168
119,764.331
853.eb7.808
;jit.»<03.4';8
2,400.011
The exports from thfc aeveral abaoourd port* tor the week
eading Aug. 20, 1B04, are shown in the annexed statement:
(Vk»*t,
Ma>9»rU from- iutX.
York
80971
I««W
aoMon
roriiand Ve.
fkiucelphla..
taltlmujk
Flour,
bblt.
Oat«.
buth.
83.409
21,413
168
21.950
21,882
i,720
17,106
«6.582
8,571
47,599
750
798,931
titifiM
178,877
152,630
65,166
les.OsS
Si,i;8i
i3d,ioo
29.919
4aw Orlaanf
Total W**k..
buik.
64.000
ii.Ofl
N«w«'rtM«wi
aontraal
Mobil*
Osrn,
479.129
i>«at
Btriet,
tuia.
6.563
2
480
»00
868,266
348.227
.amatlm* '08.1,979,850
108,881
8,859
136,818
14.831
1,574
81,670
81.070
37.0^
w
>
Aug.
Hour.Bine* Juiv
Avg. 80. 1. 1B04
MaptU t»r
W*»1>
and *<n(«
bhU
Jvly 1 t*Dnltad KiBsdoa
**
Oontlnant
7UH
•tkar aoBBtrlai
ll.l!t7
•PAtBl
173.877
....
Wtti>
Avg.SO.
bu(fc.
»«A.
8,815,873
888.665
173.989
691.644
471
198.866
7.JS0
51.174
~028
836
928836
348.887
3.04..47e
3.041,476
1.979.859
eince
0am.
I-
1, 1904.
t-O.wiil
Colo'i
r.M'Ain
——
— Wk*mt.
ainuJuly
W$eh
Aug. to
buth.
268,609
70,619
479.875
170,4«0
66.316
84 833
]0.««9
26,885
I. A 0. AinaHas.
wait H»«<""'V-
week and
of these ezpoits for the
as below:
raly 1, 1904, is
«fi«k
THE CHRONICLE.
27, 1904.]
Tbe destination
:
28,473
28.113
6.8H0
1.780
3.687.010
14,684.577
"706,931
8^8,629
Bintt Jsit
1, I9r4
h«»
<
1,670 974
8,831 087
40,4in
10'<!.>!14
X0.7S7
19.738
4.045,13rt
8,771,863
T?UM»<»-6»..:: 868688
The visible supply ot grain, comprising the stocks 11
nanary at the priDcipal points of accnmnlation at lake and
Sboard ports, Aug. 20, 1904. was as follows:
Oati,
Barut
Mll$,
0$r»,
l»$fr*atNaw Tork ........
Do •float...
Bonon
tttik.
»«tk.
393,000
143.1)00
389,000
•iW/,;,*
1M.0W
'96,000
145.000
35,000
"5S,'ooi
bwh.
^
^
Baltlmora... .........
056,JO«
Maw Onaanf..^.....
i----"
aairaaton
MOBtraal...... ^..««.
}f2'^^9
<>
i>9
.nr
'8.000
^,
tbronto........
Saio:.:.
Do
...... .::^.
afloat
Tolado.
uo
Do
1.000
18,(0
27^000
"80,odb
923,d6a
4,000
;'oA„«
18.000
*2,6m
'94,006
''3,006
870,000
638,b'o'o
i,7"7i',obo
B27,6b'0
oo.ooo
3,000
'esio'o'o
i?I'<U2
848.000
54e.>0c
1,000
afloat
69,000
"a'3,b6o
Do
38.000
65, am
"33.000
39.0C0
522,000
8,(.00
201,000
9,000
Vsj.oob
21,000
87,000
58,000
883,000
20,000
5,000
8,000
003,000
878,000
661,000
391,010
1.063.000
779,000
830.000
5 5.0< C
125,000
8I7.OO0
8,892,0(0
1,S46,000
1,846,000
1,000
177,000
44'«.no6
1.884,bo6
878,000
66,000
14,000
afloat.. ..>.
Poorta
indianayolli
26,000
i'e'Co'ub
•
KaniaiOity
.«..
OD llliiiiiippi BlTar
OBLakai
OaaanalaodrlTar.
ToU)
ie5,'odo
(flnst
Mlnnaapolli
at.Lovit
Total
isi'.obo
388.000
•ivv„v
Fort WUllam
Port ArUur
Dnlath
Total
Total
Totol
8,eoo
..^-A^AU
61,000
afloat
Do afloat
MUwaakaa
DO
65,000
8i8,ooo
DMroit
148,'JU
138,u00
96.000
6.000
187,000
afloat
Do
ouaaio
tu$h.
150,000
V.
.
840.000
Antr. 90, 1904 .18.383 000
Aug. 13. ll>04. . 18.668.000
AOK. 22 1903. 12,«M0.000
Auk. 88, 1903. 30,6H9,000
Anir. 84. 1901, ..86,007,000
4.180.000
2,379,000
5,U64.000
8,07^.000
5,814.000
4.ete,ooo
5,0X6.000
6,447.000
8,433,000
13.805.000
78.000
.
THE DRY GOODS TRADE.
New Yokk, Friday, P. M. August 26, 1904.
Tbe wild advances on tbe cotton market and the unoer
tainty of the future in this direction have exerted an unfa"
vorable itflaenoe on the cotton goods market during the past
week, and have still further complicated tbe situation.
Sellers bare, as a result, become firmer in their views, particularly for goods for future delivery, and while no open advances have be^n made in prices for domestic consumption,
goods for export have been generally advanced about J^c.
Buyers on tbe other hand have no faith in the present wtive
of speculation on the cotton market and for the moment are
holding off awaiting dtvelopments. The volume of business
for Immediate delivery during the week, however, has shown
a slight increase, as a result of the greater activity displayed
in jobbing circles. With the practical clearing up of several
lines of stocks, jobbers have been forced to send hurry orders
to agents for fresh supplies and in these cases have had to
pay full current ra'ee. There are no signs however of an
awakening of speculative interest or even of a legitimate demand for fntiire delivery, Tbe export demand has also
shown a considerable falling off during the week, whioh is
natural in view of the large amount of goods taken in this
direction of late. In the men's wear woolen and worsted division the first burst of activity is now over and attention is
being directed to the filling of orders and supervising work
at the mills. Dress goods have again been sold to a moderate
extent during the week, but as yet the market is not officially
open.
DoMBSTio Cotton CJoods.—The exports of cotton goods
from this rort for tbe week ending Aug. 22 were 2,064
packages, valued at $176,623, their destination being to the
points specified in the tables below:
price of fancy prints. This had been anticipated for some
time owing to the unsatisfactory condition of the fancy
print market, and while no action has y<-t been taken, the
question is being seriously considered of reducing prices of
staple prints, Sales of the latter have been very disappoint-
Both the home and the export demand for
and sheetings have be»»n moderate, and
While by far the
sellers are holding firmly to their prices.
greater part of the home demand has been for Immediate delivery, there have been some signs of a desire to anticipate.
Four-yard sheetings have l)een in fair drmand at recent open
quotations. Ddnims have been quiet and but little inquired
Ticbs have
tor, although stocks in first hands are small.
ing of
Foreign Dry Gooes,— In imported woolen and worsted
dress goods the principal feature of tbe market has been the
improved demand for smooth finished effects. In view of the
strength of the raw material market abroad there seem^ to
be no prospect of a deoline in the piece goodx market. Ribbons and silks are in quiet demand at recent figures. Linens
continue to improve and are firmly held. Burlaps are steady
at the recent advance.
Importations and Wareliouae TTIthdrawals of Dry Goods
Sj
India
Arabia.
Afrlea
West Indies
Mexico
Central Amerloa
Bonth Amerloa
Other OuantrleR
Total
si ii
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00
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OOP
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00
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p_>"0SQOJO
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'*•
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i"
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ppypp
cooeou"0
;^opp«o
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la
co^p<ip«9 5'cto-Vbo |»
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w«]
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I
WWi^'^00
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l-<
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22.
8
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826
561
1.
Week.
18
114
9
2
Since Jan.
993
273
55,034
4,831
12,302
7,780
12,799
27
1,48.^
101
849
794
331
9,447
35.0M1
14,460
312
934
272
111.222
9.7^8
28,739
7,^09
19,4U8
2,06»
7,746
40.^74
7.224
154,606
2,660
236.702
736
7
2,&64
""97
801
X.
1,400
of these New York exports since Jan, 1 has been
19,442,943 In 1904, against $10,469,897 in 1903.
According to schedule, standard bleached muslins were
restored to their former pri^^e during tbe week and will remain at the present level until December 1. Agents report
that the redaction, which was in effect for a week, resulted
in considerable sales of goods out of stock and was therefore snccepsfal In Its object. Sales of bleached goods for
future dellveiy are small. The principal change daring the
week, however, has l)een a general reduction of i^c, in the
The value
if; I
Si
o\
•-•
1903.
B
to
ft"*
©
et-
I
1904.
drills
been in rather better request, but other coarse, colored cottons have been slow, with no paiticular feature. Canton
flinnels and cotton blankets have been quiet aad unchanged.
Staple and fine grades of ginghams have been moderately
active at recent figures. Kid-finished cambrics are quiet and
featureless. Print cloths have been reduced to 33 for reguThe market has been
lars and on this basis for odd goods.
quiet during the greater part of the week, but became
stronger at tbe close, particularly for wide goods.
Woolen Goods.— The majority of buyers in the mens
wear woolen and worsted division have left town and comparative quiet prevails in the market. So far few complaints
nave been heard of the season as far as it has gone, bat there
is the usaal diEsatlsfactiou over the cancellations and revisions which are beginning to come forward. Th' se apparently are no more namerous than io former yearp, but are
less evenly distributed, and accordingly are felt more by some
than by otliers. Most of the former have been in orders for
mercerized worsteds, which have been the most in demand,
while in the revisions there is evinced a desire to substitute
woolens for these, indicating that the woolen end of the market will improve as the season goes on. The question of
prices Is aronslng considerable interest and there seems to be
a general feeling that these will be advanced later on. Any
advance in the price of yarns would have to be followed by
an advance in goods, and while spinners are fighting hard all
efforts to advance the former, it would seem that with the
present condition of the raw material market they oannot
hope to continue successful. Overcoatings continue to show
an improved demand and cloakini^s also are in fair request
Several lines of dress goods continue to be privately shown
and sales have already oeen made at prices that are declared
to be satisfactory. The market is not yet officially open, however, although preparations are well under way.
rj>
Wetk. 8inet Jan.
Oreat Britain
Other European
China
late.
heavy brown
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—
—
THE CHRONICLE.
798
State
[Vol. lxjox
1901
y^wc
city jitfjimwtiir.
News
15 and
$500 required.
Items.
We
are advised 'hat the ISO,.
Kan.— Bond Sale.—
6% internal-improvement bonds mentioned in V. 79, p.
619, have been turned over to the Atchison Coal Mining Co!
at par.
Atlantic City, N. J.— Bond Sale.-On August 22 the 1195,.
000 4^t gold paving bonds described in V. 79, p. 6 9 were
awarded to Blodget, Merritt
Co. of Boston at 106-434. No
bids were received for the |90,000 4% gold school bonds offered
on the same day, but they were eubstquently sold privately
to the same party at par.
Atlantic Hlglilands, N. J.— Bond Sale.-Oa August 10 an
issue of |16,0i0 5 i>er cent 10 year (average) fundine bonds
was awarded to N. W. Halaey
Co., New York. Denomination, $1,000.
Date, Aug. 1, 1904. Interest, January and
July.
Atchison,
—
Bnncombe County,
N. C. Defaulted Interest to be Paid,
In 1895 tbisconDty Issued |98.000 S2 bonds to rf'fand an isene
of 7jJ bonds made in 1875. In 189S, the Popnlisfs being in
power, the County Treasurer was directed not to pay the InThe bondholders brought suits in the State courts
terest.
and, failing to obtain redress, action waa began in the Uni'ed
States Circuit Court, where the legality of the issue was sustained. The present authorities, who had no part in the
default, did not appeal, as they mi&ht have done, but have
paid through Blair
Co. of New York the July coupon and
are arranging to pay the coupons which have been in default
since 1898. This creditable action will go far in restoring
the credit of the county.— V. 78. v 1408.
G&\v9»tun,Tej.a%.— Sea-Wall Finished. This city on August 22 celebrated the completion of the Galveston sea-wall—
a structure built to protect the city from inundations such
as occurred in September, 1900, at the time of the great hur
ricane which visited this place. In order to prevent a recurrence of such a calamity, the sea-wall said to be the greatest structure of its kind in the world was commenced about
a year and a-balf ago. The wall is 17 593 feet long, 16 feet
wide at the base, 6 feet wide at the top and stands 17 feet
above mean low tide. The contract price was $1,198,118 and
payment was met by the issuance of bonds by Galveston
County, the same having mainly been subscribed for by local
people. The city of Gilveston last January let the contract
for raising the grade of the city to the top of the sea-wall to
P. C. Qoedhart and Linden W. Bates of New York City and
will issue $1,50^1,000 bonds for thit^ purpose.
Ntbraf-ka.- Constitutional Convention.— At the coming
election November 8 the question of holding a convention to
revise the State Constitution will be submitted to the voters
of this State
Reading, Pa, Bonds Invalid.— Oa August 24 Judge Endlich of tbe local court held invalid the $545,000 bonds of the
city of Beading awarded on June 16 to N. W. Harris
Co.
of New York City. This suit i^as a friendly one, brought
by Juhn H. Kepp Iman to determine whether or not the electioa of Fob. 16 19i.>4, at which the bonds were author1z-;d,
was unlawful, in that a year had not elapsed since toe
defeat of a similar proposition on Feb. 17, 1903— the law of 1874
prohibiting the voting on the question of increasing the debt
within a year of a former election where the vote was adverse. On this point Judere Eadlich says :
Tbe omiRgloD of a day needed In order to complete a period of time
short of whloli an act le forbidden to be done In as fatal as the omission of a mouth. There is no safety except In exaoi and full compliance with ihe iaw.
On Anguf-t 23 John G. Johnson of Pbiladelpbifi, representHarris
ing N.
Co., brought suit in the Uuited States
Circuit Court at Pniladelphta to invalidate these bonds. This
suit was distinct from that brought by Mr. Keppelman in
the Reading courts, although the grounds for the action were
alike in bo'h instances and the securities involved the same.
The New York firm simply instituted these proceedings for
their own protection, they not being parties to the Reading
While the bonds ha^e been declared inv«lid by the
suit,
local courts, th-^ suit in the U. S. Circuit Coart has not been
discontinued, and will not be, we are informed, until it Js
known what further action will be taken by the city authorities of Rr'adlng.
San Frunclsco, Cal.— Bond Issues Valid.— The State Supreme Conrt on August 15 handed down a decision in tbe
suit of H»-rbert £. Law to restrain the Board of Supervisors
from selling the ten issues of bonds, aggregating |17,771,000,
voted at the election held Sept. 29, 1903. The (>ourt holds
valid nine issues of the bonds to the amount of $17,174,000,
but invalidates $597,000 Teleersph Hill Park bonds, for the
reason thac this proposition d d not receive two thirds of all
the votes cast at the special eUctiou.
&
—
—
—
&
W
Denomination, $W0.
Intere'^''.
semi-annnaliy on
September 15 at the ofS^e of thn Township
Treasurer. Maturity, $500 yearly on Septembtr 16 from
1906 to 1920, Inclusive. Certified national bank check for
March
&
fiOO
&
&
belolt(Wi8.) School District.— Bond Sale.— Oa August
17
this district award»'d at par to tbe Beloit Savings Bank an
issue of $10,000 5 10% school-repair bonds.
Denomination,
13,000.
Date, Sept. 1, 1904. Maturity, |2,000 yearly.
Brouklioe, Mass.— Temporary
Luan.-Ttiia town,
It
is
stated, has borrowed $10", 000, in anticipation of the collection of taxes, at 2 per cent discount.
Li9an matures Nov. 1,
1904.
Bruno Township, Pine County, Minn.— Bond Offering.—
Proposals will be received until 2 p. m., September 15. by tbe
Supervisors, at the office of the Town Clerk, for }5 500 road
bonds at not exceeding ti interest. Anthoiiy, Chipt.er 36,
Laws of 1903. Interest, March 15 and September 16. Maturity, $1,100 yearly on September 15 from 1920 to 1924. inclusive.
Jesse Campbell (P, O. Bruno) is Deputy Town Clerk.
Canton (Ohio) Union School Dstricu— Bond ^a/e.— On
Au;ju8t 18 the $25,000 funding bonds described in V. 79. p.
693, were awarded to N. W. Harris
Co., Chicago, at 101
and interest for
bonds.
Carroliton, Miss.- Bond Offering, Proposa's will be received un'il September 6 by the Mayor for Ill.OOO 5? coupon
water-works bonds. Authority, election held July 22 1904.
Denomination, $500, D ite, Sept. 1, 1904. Interest annually
in Cariollton. Maturity, $5(0 yearly. Town has no bonded
debt at present. Assessed valuation, $325,000. C. J. Nelson
&
H
ifi
Town
M
—
Tr^flisnrsr
Y.—Bond Sale.— On August 23 $8,001 4% water
bonds were awarded to Edmund Seymour & Co., New York,
at 10148.
Denomination, $1 800. Ddte, April 1, 19u4. Interest, semi annual.
Maturity, 1933,
Catasaoqaa, P&.—Bond Sale —Oa August 15 this town
awarded to ihe Allentown National Bank an issue of $15,000
4!( 5-20-year (optional) highway-repair bonds. Denomination,
Castile, N.
$10c\
Date, Sept.
1,
Interest, semi-annual.
1904.
Cbardon, Ohio.— Bond O^erinfli.- Proposals will be received until 12 M., September 10, by L, S. Pomeroy, Village
Clerk, for $15,000 b% Main Street improvement bends. Danomination, $500. Dtte, Sept. 1. 19j4. Iatere3t, semi-anMaturity as follows $500 M^rcb. 1906 and al.-<o September, I9u6; $1,000 each six months from March, 1907, to
Septembtr, 1910, inclusive; $5 10 each six
mtha from March,
1911, to September, 1916, inclusive. Acciued interest to be
paid by purchaser.
CliiiknTiile, Texas.- Bonds Registered.— An issue of $80,-
nual.
:
m
000 i%
waterworks bonds was
registered by the Scate
Comp-
troller on August 19.
Securities are dated July 1, 1904, and
will mature in 40 years, one-half being subj .>cc to call after
10 years and one hilf after 20 years.
Ohio.— Bond Offering.
( lermont Cooutj (P. 0. Batavia),
—Proposals will be received tlntil 12 M., September 5, by H.
Williams, County Auditor, for $23,000 i% Ohio turnpike
D nomination, $1,000. Interest annually at the office
County Treasurer. Matuiity, $6,000 on Jniy 31 of the
vearsl9l9 1920 and 1921; $3,0OJ Jnly 31, 1911, and $2,000
July 31, 1928. C-rtified check for |500, payable to the Treasurer of Cleimont C unty, required.
ProtKisals will be
Clifton Springs, N. Y.— Bo/id O/^eringr
recelvea un'il 7 P. M., Angnst 29, by D M. Wells, Village
Clerk for $18,000 electric-light bonds. Denomination, $1,000.
Interest, rate to be named in bid, annuDate, Sept. 1, 1)^04
ally on September 1. Maturity, $1,0 JO yearly on September 1
P.
bonds.
of the
—
Bond Proposals and Negotiations this
week have been
as follows:
Aberdeen, Miss.— Bond OJTerin^.—Proposals will be received un'tl 8 P. M., October 5, by J. M. Acker, Mayor, for
$70,000 6% 20->ear bonds issued for the purpose of constructing a waterworks plant and a sewerage system. Interest
annually in New York City. Certified check for 10% of the
face value of the bonds bid for required.
Anne Arundel Uonntv, iHd.— Bond OJTe^'tnfl'.— Proposals
will be received until 12 M., August 3i», by Chas. flimelheber.
Clerk County Commissioners, for $20,000 b% coupon bridge
bonds. Authority, Chapter 615, Ltwa of 1904. DenotainaDite, July 1, 1904. Interest semiannually at
tlon, $1,000.
the office of the County Treasurer. Maturity, $5,000 in five,
in ten, in fifteen and in twenty years after date. Total debt,
including this issue, S5'),O00 bonds, |'30,000 temporary loans.
Assessed valuation, |i 8.069,466.
A»htabula Township (Uhlo)
Cj^ertno
— PropoS'ls
School
District.- Bond
M., S^^ptember
will be received until 12
19, bv E-nory N. Campbell, Cierk Board of E lucation, for
$8,000 A}4t school bonds. Authority, Sections 8991, 8092 and
8993, Revised Statutes of Ohio; also eleotlon held May 18,
from 1909 to
1926. Inclusive,
Cohoes, N. Y. -Bond 6a/«.- On August 24 the $38,960 78
4jl registered public improvement, bonds detcribed In V..79,
p, 693. were awarded to Isaac W. Sherrlll ot Poughkeepsie
for $117 premium and accrued interest.
Coilinfvood, Out,— Debenture Sale.-Tiie $25,000 4>^t debentures mentioned in V. 79, p. 61^, were awarded on August 2 to the Bank of Hamilton at 100 0°).
Cosboitun, Ohio.— Bond O^^rtnp. — Proposals will be received until 12 M August 80, by Chas. G. Smith, City Aud,
43^f Wdter-i approvement bondn. DenominaInterest, Mirch 1 and
Ditts, Aug. 1, 1904
tion, $800.
September 1 at the office of the City Treasurer. Maturity,
$800 yearly on September 1 from 1905 to 1914, inclUBive.
Purchaser required to furnish blank bonds. Certified oaeck
for 6^ of bends bi 1 for, payable to the Treasurer of the city
of Coshooton, required,
Douna Ana Cuuaty (N. Mex.) School Di<i«trict No. 2.—
Bond iiaie.—Oa August 6 the $i8 400 6« school bonds deCo.
scribed in V. 79, p. 520, were awarded to John Nuveen
itor, for $8,000
&
:
Aug.
——
:
THE CHRONICLE.
27, 1904.
operating expenses and interest charges on bonds, but has
a balance for a sinking fund,
Gallipolis, Ohio.— Bond ^aZe.— On August 15 an issue of
$7 600 5% redemption bonds was awarded to Sea? ong lod &
Mayer, Cincinnati, for $8,411 75. Denomination. $500 except
one bond for $600. Date, August 25, 1904. Interest, semiannual. Maturity, August 25, 1924.
Gardner, 111.— Bond Sale.- On August 15 $5 000 5t cement-sidewalk bonks were awarded to Thomas J, Bolger
Co,, of Chicago, at 101 '25. Denominations, six for $500 each
and two for $1,000. Date, Sept. 1, 1904. Interest, annual.
Maturity, $500 yearly on September 1 from 1906 to 1911, in-
of Chicago at 102'761. DenominatiOD, |500. Date, July 1,
Interest, eemi-aDntial. Maturity, July 1, 1924, eab1904.
ject to call after Jaly 1, 1914.
all
Dnloth (WlDB.) Independent School District.— Send O/fenng —Proposals will be received until 8 p. M October 7,
by Cnas. A. Bronson, Clerk Board of Education, for $100,000
,
\% bonds.
Dite, O-t. 1, 1904. InCity. Maturity, thirty
any interest-paying date after 20
Denomination. $1,000.
terest, semi- annually in
years, subject to call on
New York
years.
Emporia, y a.— Bond Ojfertngr.— Further details are at
hand relative to the offering on September 1 of $30,000
coupon gold water, street and sewer bonds. Proposals for
these bonds will be received until 12 M, on that day by J. R.
H
clusive, $1,000 Sept, 1. 1913, and $1,000 Sept. 1, 1913,
Debenture Offerir. g.—PropoB&\a will be
tilrimsby, Ont.
received until September 1 by Jas. Brodie, Municipal Clerk,
for $31,000 i% water-works debentures, maturing part yearly
for 29 years.
Grlzzard, Town Clerk. Authority, vote 92 to 11 at election
held July ]2. Denomination, $1,000. Date, Nov, 1, 1904.
Farmers' Bank of
Interest semi-annually at the Merchants'
Emporia. Maturity, Nov. 1, 1934. The town has no debt at
present. Assessed valuation, $411,658. The validity of the
bond issue has been approved by B. 0. Palmer, Town Attorney; by W, M. Powell, Commonwealth's Attorney, and by
ex-Judge W. Samu»^l Goodwin. Chas. S. York of Baltimore
has charge of the engineering work.
&
Hannibal (Mo.) School District.— De^crtjoMon of Bonds.
advised that the |16,C00 A% Nonh School bonds,
the sale of which we reported in last wpek's Cheoniclb,
were taken by the Hannibal Trust Co. of Hannibal at luulO.
Denomination, $1,000. Date, Aug. 1, 1904. Interest, semiannual. Maturity, Aug. 1, 1924, subject to call after Aug. 1,
,
Fall River, ^^qnired.
Fiodlay, Ohio.— Bond O^ering.— Proposals will be received until 12 M., September 17, by Wm, Demland, City
AndUor, for the following bonds, autborized by ordinance
passed by the City Conncil on July 18 :
We»t Ltma Street Improvement bonds, maturlce: fSOO Tesrly on Seplwu6 lo lt*U, inrlusive, and $1,0U0 on September 1 of
1 irooj
encb of the fears ini2. lOiS and i9i4.
6,000 6!i Center Street improvement bonds, maturing fEOO yearly on September 1 Irom Itfub to 1V14, Inclusive.
10,500 6^
temoer
Both
issues are in denomination of $500, dated Sept. 1 , 1904.
Interest semi annually at the office of the City Treasurer.
Accrued interest to be paid by purchaser. Certified check
on a local bank for 8;^ of the bonds bid for, payable to the
City Treasurer, required.
Bond O^tnngf,— Proposals will also be received until 12 m ,
September 19, by Wm, Demland, City Auditor, for the fol-
lowing bonds
• 0,600 6% Court Place Improvement bonds, maturing $5C0 yearly on September i from 1905 to li-lx, i elusive.
6,0C0 b% Clintun Co iri Improvement bonds, matnrluK $500 yearly on September 1 Irom lUv^ to Ibll, Inclaslve.
Both issues are in denomination of $500, dated Sept. 1, 1904.
Interest semi-annually at the office of the City Treasurer.
Accrued interest to be paid by purchaser. Certified check
on a local bank for S% ot the bonds bid for, payable to the
City Treasurer, required.
Fremont, Ohio —Bond Sale.— The Fremont Savings Bank
was the highest bidder on August 16 for the $55,342 60 4^4%
West State Street paving and the $5,144 80 i^i Wtst State
Street sewer bonds described in V. 79, p. 643. The bids received were as follows
.
99.144 80
Sever
Street
Fremf nt Savlnes Bunk, Fremont
New First NhM' na Birk, Colnmbus
FIrat Natlor'ai Bank, Fremont
Lampre hi Bros. A Co leveland
Weil. Hoth « C ... C Dclnnail
Security -^avinKS Bi.nk 4 Trust Co.. Toledo
Prcvldent Sari. Ks Bank & Trust Co., Cincinnati
Cincinnati rusi Co
Seasongood A .Majer. rinclnnati
<
'I
R. Kleyboltfi
A Co
Cinrlnnall
Union BHVinyg Hank 4 'I'riisi Co., Cincinnati
W. .1. na«e« A S'TiH Cleveland.
CroKban Hank or Fteuoiit ...
Havflen, .Miller A Co .Cleveland
X. KleTbolle ACo.. Clnoinnall
Bonds.
B 'f)<l».
fSOOuO
i9185
113b (0
B4 3o
--
C91 90
Forall.|618
680 00
-
-^
8800
61000
47 60
8«6 00
860 00
2^(8
i^BOJ
846 90
S*M
J0500
27500
2800
26.;
00
Par
^Kor
all, 6)( Int.,
10 00
25 uO
1500
Par
|il,87B ^
Front Royal, Va.— flonci OJT^erfnp,— Proposals will be received at any time by E. H. Jackson, Attorney-ai-Liw (a
member
Award w»8 made on August 1.
Harvey, N. Dak.— Pond O^eriTtg.— Proposals will be received until 2:80 p. M., September 10, by C. W. Thompson,
Cler^, for $8,000 6% 10-20-year (optional) water and sewer
bonds. Denomination, $500. Date, Sept. 1, 1904. Bonded
19( 9.
debt, this issue; floating debt, $1,200. Assessed valuation,
$210,000. Certified check for $t00, payable to W. E Cook,
President of Beard, required.
Hani^en (Town), Minn,— Bond Sale.— On August 15 $3,000
6)g road and bridge bonds were awarded to Thorpe Bios of
Minneapolis, Date, Aug. 15, 1904, Interest, semi-annual.
Maturity, ten years.
are advised
Irviogton. H. 3.— Description of Bonds.—
that the $31,000 joint sewer bonds recently sold by this town
Co. of New York City were awarded to
to R. M, Grant
that firm on August 2, the price paid being 101. DenominaDate not yet determined. Interest, Jatuary
tion, $1,000.
acd July. Maturity, thirty years.
Jersey City, N. J.— Bonds Authorized.— The issuance of
$51,000 school, $150,000 sewer and $127,084 water main-extension bonds bsii been authc rized.
Johnstown, N. Y.—Bond O^eringr.— Proposals will be received until 10 A. M
September 1, by J. A. Colin, City
Chamberlain, for $12 500 5^ coupon trank sewer bonds. Denomination, $500. Ddte, Sept. 1, 1904, Interest, annual.
Maturity, $1,0U0 yearly on September 1 from 1905 to 1915,
inclusive, and $1,500 Sept. 1, 1916. Accrued interest to be
paid by purc'^aser.
Eeilh County, Neh.— Bond Saie.— This crunty has sold to
the Sate Boaro of Educational Lands and Funds an issue of
$15,000 i% bridge bonds to mature $1,000 yearly after six
yenrs.
We
&
,
Lake City (Iowa) School District.— Bond O/erinj;.— Proposals will be received at any time by E, W. Townsend, District Treasurer, for $8,000 i}y^i coupon school-house bonds.
Denomination, $1,00D. Date, Sept. 1, 19 '4. Interest semiannually at placi to be designated by purchaser. Maturity,
Sept. 1, 1914, sunjflct to call after Sept. 1, 19' 9, Bonded debt,
not including this issup, $14,700; fljattng debt, $2,122. Assessed valuation 1904, $296,516.
Lancaster, Pa. Bond Uffering.— Sealed proposals and
popular subscriptions V 11 be received until 12 M., August
81, by Chester W. Cummings, Mniyor, at the offlod of J. H.
Rathfon, City Comptroller, for $250,000 8*^^ coupon sewerimprovement bonds. Denominations, $10(>, $500 and $1,000
to suit purchasfT, Date, Sept. 1, 1914
Interest, semi annually at the ( ffice of the City Treasurer. Maturity, thirty
years, sut j-ct to call as follows: $25,000 yearly from twenty
to twenty-five years inclusive after date of issuance and
$20,000 yearly from twenty-six to twenty-nine years after
date- $2i',f00 not being subject to call before matnri y. Certified check for i% of the amount of bonds bid for, payable
to the City Comptroller, required.
The above bonds will be
certified to as to genuineness by the United States Mortgage
Trust Co, of New York City. These securities were offered for sale July 5, but no bids were received for the same.
&
Premium.
166.848 00
—
We are
Essex County (P. 0. Newark), N. 3.—Bond Offering.—
Proposals will be received until 2;80 P. M., September 7, by
the Finance Committee of. the Board of Chosen Freeholders
in Newark, for $500,000 i% gold new courthouse and $207,000
Denomination, $1,000. Date,
4;( gold county-hospital bonds.
Maturity, Aug. 1,
Ang. 1, 1904. Interest, semiannual.
Purchaser will be required to pay accrued interest.
1944.
Certified checks for $5,000 in the case of the court house
bonds and $3,000 in the case of the hospital bonds required
with bids. Bonds will be ready for delivery Sept. 15, 1904.
John F. Clark is Chairman Finance Committee.
T%e official notice of this bond ojfering will be found\cimong
the advertisements elsewhere in this Department.
Fall Rifer, Mass.— Bond Q^erirgr —Proposals will be received until 10:30 A, M. August 27, by Charles P. Brightman,
City Treasurer, for $65,01)0 i% registered municipalloan
bonds. Denomination, $1,000 or multiple. Date, Sept. 1,
Interest semiannually by check. Maturity, Sept. 1,
1904.
Accrued interest to be paid by purchaser. Certified
1914.
check on a national batk for $1,000, payable to the city of
.
99
Town Conncil sppolrjted t > negotiate the sale
of the bonds), fcr the $15,00u i^^i coupon elect ric-Hgltplant bonds vo'ed at the election held June 14. Druomination, II.OUO.
Date, Oct. 1, 1904, Interest semi-annuilly at
the offictj of the City Treasurer. Maturity, Oct. 1, 1934, subject to call after Oct, 1, 1924.
Bonded debt, not including
this Issue, $36,500, of which $29,000 was issued two years ago
at 4!l Inlen st for water purposes. Asseaeed valuation, $245,000,
ess than one half real value. The water works not only pays
Lauderdale County, Ala —Sond Election.— The County
Commissioners have ordered that at the general election in
November the question of issuing $20,000 6« 20- year bonds
to pay off outstanding bridge warrants be submitted to a
vote of the people,
Lawrence, Mass.— Bond Sale.— On August 25 the $C5,000 ii
school bonds described in V, 79, p, 760, were awarded to W.
J. Hayes & Sons, Boston, at 104-99 and interest.
Following
are the bids
:
VV. J. ITayes A S-na. Boston... 104'89
Vcrnillye A Co., Bonton
104B1
Lawrence
Savinirs Bank
I>ay A Cu.. Bi.BUin
1(14716
K. 1..
104-6U7
II. W. Poor ACo.. Boston
104-&10
Oeo. A. Fernald A o.. Boston.. 104 614
Blake Bros. A Co.. lioiton
104 61
1
|
1
|
•
of tne
tht-
.
8.
A. Kean, CDIca«o
lulOO
I
oontj (P. O. Ironton). Ohio.- Bonrf 5aJ«.—
county awnrded $10,0u0 i% turnpike bonds
DenominaFirst National Bank of Ironton at 100-50.
Lawrence
On August
to
,
101-41»
A Co., Boston
BlodKet.. .Merrill A Co., Boston. I04Z18
Rstabrook
108-H8
Ksi^ox HnvlnKS Bank
K. U Kollnin 4 Bons, Boston. .1' S'TfO
Merrill, Oldham ACo., Boston 103 I70
(
18 tbl8
Dite, Sept. 1, 1904. Interest, semi-annual.
$1,000,
Maturity, $1,000 yearly on September 1 from 1906 to 1914,
tion,
Inclufive.
Liverpool, N. fi.—D(benture Sale.— Thla town has sold to
MorrlH Rubinson at par and accrued interest an issue of
$26,000 iy^i electric light and power del)enture8. DenomiJ.
—
—
THE CHRONICLE.
800
Ddte, Jane 1,1904.
Ma-
[Vol. Lxxii.
Asacssed valuation 190 i, $350,489
MauHUeld (0hio)8 hool Diilrlet. -Bond uffertng -Proposals will oe received until 3 p. m., September 19, by W. C.
Mowry, District Clerk, for $16,000 i^i pnblic-scbool improvement bonds. Ddnomination, $1,OUO. D ite, Aug. 29,
luterest, semi-annual.
Maturity, $3,000 yearly on
1904.
August 29 from 1915 to 1919, inclusive. Bids must be mad^
on blanks furnished by the Board of Edacation. A local
certified check for \0i of the bonds bid for, piyable to the
Clerk of the Board of Eiucation, required. Bidders mu-tt
satisfy themselves as to the lee:ality of the bonds before bidding, as all conditional bids will be rejected.
Meeteet^e, Bigborn Coantj, Wjo.— Bond Offering.— Fro
posals will be received until 12 M., September 1, by E P.
be paid by purchaser. Certified check for Sf of the amount
of bonds bid for, payable to the Trtaturer ot the village, required.
Puclflc Grove School District, Monterey ( oanty, Cal.—
Bond offering. Proposals will be receivrd until 10 A., m
8 ptemoer 12, by Jis. Taylor, County Treasurer (P. O. Salinas City), for ths $BO,000 A% high-ecbool bonds voted at the
el«-ctlon neld June 7.
Denomination, $2.0U0
Dite, Sept. 1,
1904.
InteroBt, annual.
Maturity, $2,000 yearly on September 1 from 1910 to l^zA, inclusive. Certified cbeck for 10$ of
the amount bid, payable to the County Treasurer, required.
barker County (P.O. Weatherfjrd).
Bond ELeclion.
The County Commidsioners have decided to submit to a
vote of the people at the general election November 8 the
qu'S ion of issuing $26,000 bridge bonds.
Piitiippine lalauds. Bona Sale.—O^ August 22 the
$3,000,000 4% gold coupon temporary cerificates of indebtedness described in V. 7fl, p. 285, were awarded to M. L. Turner, President of the Western National Bank of Oklahoma
City, at 101-41. Following are the bids
Bowman, Town
M
nation, 1,000.
Interest, aunaal.
turity, i934
MadlBon, Minn. -Bond Sale.—Oa Angast 4 $6,000 6^ coupon drwlnage bonds were awarded to Albert C Case, New
York City, at l<i6 80 and accrued Interest. Denoiu'natloD,
Maturity, 1924. Authority for
Dtite, dav of Isme.
|1,000
Bonded deb IncIudiDg
issue, Chapter 204, Laws of 1893.
,
this Issue,
$'20 OhQ.
Clerk, for $12,000 ^% coupon watpr-workb
bonds. Ddnomination, $500. Date, day of sale. luteri-sr,
annually, on January 1 at the Hanover National Bank, New
York City, or at the office of the Town Treasurer. Maturity,
30 years, eu' j-jot to call after 10 years. Certified checks for
$500, payable to the Town Treasurer, required. The town
has no debt at present. Assessed valuation, $160,000.
Meridian, Miss. Bonds Defeated. This place on August
17 voted against the question of issuing 40,000 bonds for
park purposes.
Bond Election Proposed.— The question of submitting the
issuance tf $50,000 8>reet and sidewalk bonds to a vote of the
people is being considered,
Mexia, Trxas. —Bonds Registered.— The State Comptroller
on August 18 leglstered an issue of $15,000 5^ 10-40-year (op-
—
tional) school-house bonds dated Aug. 1, 1904.
Milbaiifc, Uraut Coonty, S. Dak.— Bond OJTertnfli.— Proposals will be received until August 29 by Ed P. Djre, Cuy
Auditor, for $28,000 10-20-year (optional) water bonds. Denomination, $1,000.
Mlunesuta.— f^ond Ojreriwgr.— Proposals in duplicate will
be received until 12 m., Sept. 6, by the Board of State Capitol
Channing Seabury, Vice-President, tor
$700,000 3^« certficates of indebtedness, $300 000 to be dated
Sept. 1, I9u4, and $400,000 to b^^ datei Nov. 1, 19i 4. Iotere8%
semi-annual. Maturity, $50,000 "oa or before" July 1, 1928.
and $100,( 00 "on or before" each year thereafter. It U proi^able that these certificates will be purchased by the Sfate
Board of luvestment, they having recently sold $564,000
State of Alabama bonds to raise fu ds with which to purchase these securities. See V. 79, p. 750.
Monaca, Fa.— Bond Eiection.—A special election, it is
stated, will be held in this borough to vote on the question
of iesulDg refunding and improvement bonds.
New Albany, Miss.- BoTid O^ering.— Proposals will be received until September 6 by E. M. Owen, City Clerk, for
$20,000 5-20-year (optional) electric-light and water- workbonds, Denomination, $500. Certified check for d% of the
amount of bid required.
Commiseloners,
—
,
Tex—
—
:
L. Turner, President
Western National Bank of Oklahoma City
(for
101-41
13.0 «, 00)....
101-877
Harvey Klglc * Sons »nd Vermllye & Co N. Y. (for aM or n ioe)
I). L. Oubelman. Vice-PresideQi Ouaranty Tr. Cc.N Y. (for hII or none).101-s;8
Wai. Solomon & Co and Oomlnlck & Dominlck, N. Y. call or any part). .101*141
Gilbert Q. Sharra, Vice- President Nat. Park Bank. N. T.
1^-7"
| ^^r'ji'eJs" ©oo'
..!ioo-63
J. S. Ba'ibeA Co., Washington (for $1,00' OOii)
100*468
Cbarlex S. Jobes. President American Nat. Bank. Kaosai City (for all)..
Kouuiz" BruB., New Yorli (for all)
luO 25)1
Fi»k & Robinson, New York (for all or none)
1' O'lU
A J. ono»er. President Dayton Sar. & Tr Co., Dayton (for 935,000)
Par
C. N. Howell. De» Moines. lowa-P. O 3oi !J';9 (for JiiO.oOO)
Par
Jesse Ueodricks. North Wales, Pa. lIor(l6,u00)
Par
.
'
'
I
Mr. Turner, the successful bidder for the bonds, snbaequt-ntly sold the same to Harvey Fisk
Sons and Vermllye
Co., the second bidders at the public sale. The New York
fitm^, we are informed, have already re-aold a large portion
of the same.
Pine Bluff, Xrk.— Batid Offering. Proposals will be received until 10 A. M., September lO, by the Board of Improvement of Sewer District No. 8, John
McCain, Chairman, for $30,000 5{ coupon sewer bonds. Interest, annually
in New York City or in Pine BlufiE at the option of the purchaser. Maturity, $5,000 yearly. Certified check for $300
required. The district has no othwr debts. Absessed valaatioD, $305,000; real value about $7CO,0iiO.
Fitcairn, Pa.— Bond Offering. - Proposals will be received
until 8 P. M., Ajgust 29, by T. J. Wilson, Borough Solicitor,
No. 423 Fifth Avenue, Pittsburgh, for $35,000 i% coupon
D^ite,
street-improvement bonds.
Denomination, $1,000
Sept. 1, 1904. Interest, semi-annually at the First National
Bank of Pitcairn. Maturity, $1,000 yearly on September 1
from 1905 to 1929, inclusive. Bonds are Iree from tax. Certified check for $100, payable to the Bjrough of Pifcairn, required. Banded debt, not including this isbue, $33,500. Assussed valuatlm 1904, $1,115,740.
Pittsburg, Tex.—Bond Election.— An election will be held
September 12 to vote on the question of issuing $7,500 water-
&
&
—
M
works bonds,
Piqaa, Ohio.— Bonds i4n(7iort«ed.—The City Conncil on
Auguct 10 passed an ordinance providing for the issuance of
J 5% coup jn Wood-Street improvem-nt bonds.
Denomi$5,<
nation, $500, D^te, Sept. 1, 1904. Interest, semi annually
at the Importers' & Traders' National Bank, New York City.
Mtitnrity, $1,000 yearly on September 1 from I9u6 to 1910, in,
New
Castle, Pa.— Bonds Authorixed,—The issuance of $25,000 4% registered electric-light bonds has been authorize i.
Denominations, two for $8,000 each and one for $9.U00
Date, Sept. 1, 1904. Interest semi-annually at the o£Bc>^ o)
the City Treasurer. Maturity, $8,000 in one year, $8,000 in
two years and $9,000 in three years. Bonds are free from
tax, D *te of pale not yet determined.
New Haven, Pa.— Bond Election.— At the spring election
next February this borough will vote on the question of
issuing $8,000 sewer bonds. The proposition was to have
been voted upon early this month but the matter was
postponed.
New Iberia Sontlierii Drainage District, La.— Bonds Not
Yet SoU. — Vfe are advised that a sale of the $90,000 5% bonds
offered on August 1 has not yet been consummated.
See
V. 79, p. 171, lor description of bonds.
Newport, Ky.— Bond Election.— At the November election
the question of issuing $9>i,000 muuicipal-electrlc light plant
bonds will be submitted to a vote of the people.
New Uocbelle, N. Y.— Bonds to be Isnued Shortly.— An
issue of $40,000 paviog bonds will shortly be offered for sale
Oukiej School Ui»trlot, Contra Costa Conut^, Cal.—
nd
Sail. —Oa August 18 $3,000 5i school-building bonds were
awarded to the Adams-Pnillipa Co. of Lob Angeles at
100'338.
Denomination, $150. Date, Aug. 18, 1904.
B
Oak Park School District, Santa Barbara (Jouuty, Cal.—
Bond Hale. - Au issue of $15,000 4J4t 1 40-vear (serial) bonds
R
of this district has be-n sold to J. P.
diagtoa of SiUta
B;irbara at 101'366. Denomination, $375. Due, Aug. 16,
Interest, stmi-anaual.
1904.
Oklahoma City, Okla.— Bond Election Proposed. It is
stated that the City Cou icil has directed the City Attorney
to draft an ordiaanCH submitting to a vote of the people the
quesiion of issoiog $185,000 water-works bonds.
Oittariu School District, Saa Bernardiuo County, Cal.
Bjuds Defeated.— Th\a district on August 15 defeated a
proposition to issue $15,000 school bonds.
Oxford, Ohio. Bortd O^ering.— Proposals will be received
until 12 M September 15, by J. A. Kennedy, Village Clerk,
lor $2,60U 5* l-5year (serial) debt-extension bonds. Dite,
July 12, 1904. Interest, semi-annual. Accrued iuteiejt to
—
—
—
,
closive.
Port Angeles, Wash.— Bonda Not Sold.— The $14,000 6%
light-improvement bonds offered on August 17 were not sold,
DO eatisfactory bids being received. Private negotiations
>ire now pending looking to a sale.
See V. 79, p. 521, for description of bonds.
Fort Arthur (Tei.) School District.— Bond 8ale.—0a August 20 $8u,000 bi coupon school-building bonds were awarded
to Spltzer & Co., Toledo, at lul 275 and accrued interest
after 60 days. D^^nomination, $l,000. D ite, Sept. 1, 1904.
Interest, semi-annually iu Port Arthur. Maturity, Sept. 1,
1944, $5,000 being subject to call after 6 years, $25,000 after
20 years and $35,000 alter 80 years.
Fort Chester, N. Y.— Bond Sate.—The following bids were
received August 22 for the $39,000 gold sewer bonds described In V. 79, p. 695 :
For SH% Bona*.
W. J. Hayes a.
8uu«. cieveland.lOO'as
For 4% Bonds.
Portchester Sav. Bank...
1C888
*
For 4«
Farson. Leach
Bond*— (Cofrt.i
noi-ei
& Co.. N. Y
•lOfSO
A Kean Chicago
W. R. Tood 4 Co .New York.... 101 00
100-8U
L. W. Morrison. New York
8.
Bids said to be irregalar-not accompanied by certified check aa required.
Froepact Park, N. i.—Bond O^ering,— Proposals will be
received until 2 p. M. to day (August 27) by the Finance
Committee, at the office of Jacob Veenetra Jr., Borough
Rooms 324 and 325 Romaine Building, Paterson, for
00 4% coupon street improvement bonds. Denomination,
Date, Aug. 1, 1904. lutereat, semi annual. Maturity,
$8(0.
Aug. 1, 1919. Certified national or State bank check for 5^
of the amount bid, payable to Frank Breen, Collector of the
Accrued interest
Borough of Prospect Park, requirdd,
to be paid
Tnos. Fraser is Borough
by purchaser.
C
luusel,
$8.1
Clek.
Fainam County (P. 0. Ottawa), Ohio.— SonJ Offering.—
Proposals will be received until 12 m., September 6, by Louis
N. Welde, County Auditor, for $33,000 5i coupon road bonds.
O^t. 1, 1904, and $12,Denomination, $l.0t0. Date, $a
000 May 1, 1905, Interest payable at the offije of the County
Treasurer. Ma urity, $7,000 yearly for four years and $5,000
Aug.
THE CHRONICLE.
27, 1904.]
Jn five years. Either cairh cr a certified chf ck on an Ottawa
bank for |1,000 rtqured with bide. Accraed interest to be
paid by purchaser. Sncceesfnl bidder must furnish blank
to the
W
A
NEW
LOANS.
PROPOSALS FOR BONDS.
Hudson County,
N.
J.,
Foor Per Cent Bonds.
By
ot
April
1903. Chapter 153. Acts ot 1903.
tionul.
The Finance Cummlttee reserves the
right to re-
ject any and all proposals. If, in its Judgment, the
Interest of the County requires such »ctlon.
The bonds will be ready for delivt ry on September
16, 1904.
of
I
two-thirds vote was necessary to authorize.
Under tbe provisions or the Act
ready for delivery on September
.
Hayden,Miller4
:
tional.
will be
SecSftv. Bk.&Tr.Co., Toled
13 408 60
Bank, Barnesvliie. 1» 311 00
Co., Cleve. 13,19110
First Nat.
$14,M)0 flre-department bonds. Vote 812 for, 240 against.
14,2
DrMee bonds. Voie 323 for. 23H against.
Sl.OnO sewer improvement bonds. Vote 331 for, 836 against.
8i),n(i() park bondi.
Vote 234 for, 816 agaicst.
160,000 water- works bonds. Vote 283 for. 280 against.
of delivery.
Sealed proposals will be received by the KItance
Committee of the Board of Cho.'^en Freeholders, at a
meeting to be held by said Commiitee. at the Freeholders' room In the Court House, at Newark, N. J.,
on WEDNRSDAV. SEPTBMBKR 7rH, 1904, at 2
o'clock P. M., which meeting will reujaln open for
the reception ot proposal! until 2:30 P. M. Each
proposal shall state the amount of bid in words and
flgures, and must be acC' mpanled by a certifled
check for $.^,000, which will be ap-iicable on account
of purchase money ( f bonds and forfeited by sue
ceisfol bidder who afterwards falls to take the
bonds. Copies of proceed ngs will be furnished lo
successful bidder but proposals must be uncondi-
By order
I
1
San Pedro, Cal.— iBond Election Proposed.— Steps are being
taken to futmit to a vote of the ceople a proposition to Issue
$30,000 bonds to build an outfall sewer.
Santa Monica, €&l.— Bonds Defeated.— The election August 16 resulted in the defeat of the variou«! boni issues submitted to the people for approval by the following vote
The Board of Choten Freeholders of the Conntj
of Essex. New Jersey, invites proposals for the pur
chase of $207,000 Essex County Bonds, in denomination of $1,000 each, interest coupons at 4 percent
per annum, payable February 1 and August 1, principal and Interest payable in gold. Bonds payable
August 1,1044.
The bonds will bear Interest from Angnst 1, 1004,
and the purchaser must pay interest accrued to
date of delivery.
Sealed proposals will be received by the Finance
Committee of tbe B> ardof Chosen Freeholders, at a
meeting to be held by said Committee, a' the Freeholders' room In the Court House, at Newark, N. J.,
on WEDNESDAY, SEPTEMBER 7TH, 1904, at 2
o'clock P. M., which nioeting will remain open for
tbe reception of proposals until 2:30 P.M. Each
proposal shall state the amount of bid In words and
Heures, and must be accompa led by a certified
check for $'^,000, which will oe applicable on.account
of purchase money of bends and forfeited by successful bidder who afterwurds falls to take the
bonds. Cot les of proceedings will be furnished to
successful bidder but proposal must be ancocdi-
The bonds
tK)
Ik,
Denlson, Prior * Co., Cleve13,406 10
land and Boston
noasoDuood A Maver.Cinoln. 13.491 26
Union Sav. Bk. & Tr. Co.. Cln. 13,487 50
FOR NEW COURT HOUSE. FOR 9fEW COUNTY HOSPITAL
15, 1804.
*337.067
:
#so^,ooo
ject any and nil proposals, If, in its judgment, the
int«rest of the Connty requires such action.
.
I
NEWARK, NEW JERSEY.
right to re-
.
Lamprecht Bros. A Co., Clev.|18.626 50 A. Kleybolte & Co., Cinoin.. 113.487 60
W. R.Tortd Co.. Cincinnati. 13.625 oO W J. Uayee&snus. Ceve... iS.ibSOO
ESSEX COUNTY BONDS,
The Finance Committee reserves the
N. Y.
Co..
Salem, Ohio.— Bond .s'aZe.— On August 20 the highest bid
received for the $13,000 5^ 1-13-year (perial) refunding bonds
described in V. 79, p. 695, was that of Lamprecht Bros. & Co.
of Cleveland at 104'05. The bids follow
LOANS.
Angnst 1, 1044.
The bonds will bear interest from August 1, 1004,
and the purchaser most pay Interest accrued to date
Co., St. Jos .$33'^,048 75
Suns, Cleve .*337,189 00
:
and 'he $250,000 4% sewer bonds were awarded
The Board Of Chosen Freeholders of the Connty
of Bssez. New Jersey, Invites proposals for the porohaae of $SOO,000 Ess'X Ccunty Bonds, la denomination of ll.COO each, Interest conpons at 4 per cent
per anonm, payable February 1 and Augast 1, principal and interest payable In gold. Bonds payable
*
Shepard &
Weil, Roth *no..rtncinnatl. 182,423 CO
S. Kubn & Sons. Cincinnati.. 32,200 ijO
P. S. Briges & Co., Clnoln ... 5:2,076 00
Hayden, Miller a.Co., Cleve. 81.233 00
Atlas Nat. Bank. Cincinnati. .$23,106 00
Prov. 8av. B't & Tr. Co.. Cin. 22.885 00
K.Tr.dd « Co. Cincinnati.. 2^,685 00
Sea Sav. B'k& Tr.Co.,Toledo 2a,4S0 50
W. J. Uayes & Sons, Cleve... 22,14100
\
8i
HH'ei)
Denomination, $1,000. Date, Sept. 1, 1904. Interest semiauLUtilly at the National Bank of Commerce, New York
City. Maturity, Sept. 1, 1924, but bonds are sut ject to call
at any time betore that date.
St. Mary's, Ohio.— fiond Sale.— Oa August 20 the $21,000
5% highway-improvement bonds described In V. 79. p. 695,
wtra awarded to the Atlas National Bank of Cincinnati at
llU 023 and interest. Following are the bids
Koche&ter, N. \.—T<mp>rary Loan Offering.— FTopo9a\9
will be receivtd until 11 a. m., August 31, by Sam B. Williams, City Cnmptrolier. for an eight-months waterworks-
Under the oroTUions oftbe Act of IVTarch
Sit, 1900, and Sapplemeni thereto.
J.
B. D.
maturity.
D
Ssoo,ooo
W.
• Bid based on 20-year "straight" bonds: otherbidf were for "optiorral" bonds.
although advertisement failed to state that oonds were subject to call before
Bldgeiy, Md.—5ond O/fcringr.— Proposals will be received
until September lo by Irwin T. Saulsbury, President of Com
missioners, for tl5,000 535 bonds. Authority, Chapter 276,
nomination, |5G0. Date, Oct. 1, 1904. InLaw8ofl9C4
Maturity, one bond yearly, beginning
terest, semi-annaal.
six years from date of issue; all bonds unpaid, however, art)
subject to call after 25 years.
N€W
and
:
Mo. Valley Tr.
Bk.. St. Joi.$38T,8T0 00
Miss. Valley Tr. Co., St. L.. 331,861 07
Altheimer & Rawlins Inv.
381,500 00
Co., St. liouls
bids:
107*25
Hambleton & Co., BalUmore. ..I02-57
Eugene Penninglon
10«To6 Second Nat. Bank oX Chestert'n.lOa-<;5
John P. O'Brien
JohnNuveen & Co. (for^Hs).. 102-l.i8
Talbot County Savings Bank.. luibO
101*00
S. A. Kean, Chicago
Denlson, Prior &Uo., Cleveland
108 77
and Boston
electric-light
of bt, Joseph at 102 118
Following: are the bids
German Amer.
Oaeen Anne's Connty (P. 0. Centeryille), Mrt.— Bond
Sa/e.-On Anguf-t 23 >he |30.t00 5^ 1-20-year (serial) bridge
bonds described in V. 79, p. 695, were awarded to Engece
Pennington at 107-35 and accrued interest. Following are the
See V. 79, p. 695, for description of bonds.
St. Joseph, M...— ftond Sale,-On August 18 the $75,000 i%
Gtrman-Amtrican Back
inieresi;.
bonds.
fund loan of $150,000. Interest will be figured on the basis
of 860 days to the year.
Koxton iDdcpendcnt School District, Tex.— Bond Offer
<«flr.— Propoeals will be received until September 1 by (iibbons Poteet, Treasurer School Board, for the flO.OOO 6^ 0-40year (optional) bunds registered by the State Comptroller on
July 30. Securities are dated June 1, 1904, and the interest
will be payable annunlly in New York City, Paris or Roxton
at the option of holder. Under the law The State School
Fund has the option to take these bonds within ten days at
the highest rate bid. Certified check for 5% of bid, paytble
to Gibbons Poteet, Treasurer, required. The district has no
debt at present. Assessed valuation 1908, |839,263; real value
estimated from $800,0'i0 to $1,000,000.
Boyalton, M.\nn.- Bcndx Not Sold.—The |10,000 i^% 20year electric-ligbt bonds offered on August 20 were not sold.
801
rt«tu« of resolutions of the Board of Chosen
BireAoIderg sf the County of Hudson, State of
New Jersey, passed at the meeting held Thursday.
AuKUSt 4th, 1904, sea'ed bids and proposals will be
received aad opened at the meeting of »aid Board,
to be held in the Court House. Jersey City, on
THURSDAY, ^EFTEMBER
1ST. 1904,
at 4 o'clock P. M.,
for the vale ol
$63.000 00
"New Conmr
BalldlDK Bonds."
Said bonds to be one or more bonds of the County
of 'Hudson, in denomination of not less than $1,000
each, to run for a period of forty years, to bear date
September 1st, 1904, with Interest at four per centum
per annum, payable semi-annually, and to be sold
too* not less than par and accrued Interest.
Ea<^ proposal or bid must be enclosed in a sealed
envelope, endorsed "Proposals for Bonds," and to
be aooompanied byacenifled check, enclised therein, drawn to the order of Stephen M. Egan, County
6ollector. on some National Bank or Trust Company, or cash In the sum of fifteen hundred dollars.
Bidders may bid for tbe whole or any part ot tbe
issue.
The Board reserves the right to
It be deemed for tbe best
brds «f
reject any or all
Interests of the
CountT so t« do.
Br erder of the Board of Chosen Freeholders.
JOHN
P.
EfJAN, Clerk.
Bidders will please furnish certlUed checks, instead
of oasb, if convenient.
By order of
FINANCE COMMITTEE,
John
F.
FINANCE COMMITTEE,
Clauk. Chairman.
.JOHN
F. Ci.Aniv.
ChslTmnn.
Blodget, Merritt
&
Co.,
BANKERS,
R.
L.
DAY
BONOS.
& CO.,
WE
BANKERS,
40 Water Street,
BOSTON.
FARSON, LEACH &
GRADE
HEC'URITIEH.
|
I
»* NASSAU STKEET, NKW
PHW.ADEUPHIA.
CHICAGO.
CO,
YOHK.
BOSTON.
Street, Boston.
NASSAU STREET, NEW TURK.
HTATE. CITY A RAILROAD BONDS.
F.
COHKESPONDKNCB SOLICITED.
STOCK EXCHANGES.
RAILROAD
AKIC OFPICRINn
5s.
MEMBERS
NEW YORK AND BOSTON
UTATB, MUNU'IPAI. AND HHJIl
30
Knoxville, Tenn,, Gas Co.
8 Nassau Street,
NEW YORK.
Congress
16
R.FULTON &
CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
— —
:
THE CHRONICLE.
802
Toledo, Ohio.- Bond Sate.— On August 24 the $100,000 4(
10-year coupon refunding natural-t^as bonds described in V.
Sons, Cleveland,
79, p. 623, were awarded to W. J. Hayes
Following are fhn bids
at 101 '587 and interest.
W.J. Unjetti Sons. CleTeland. 101 -&87 Well. Roth i Co. ClD0lniukU...100-S7»
101-255 Bpiuer & Co., Toledo
•^eHaonvnod A Marer. (Mnoin
100 US
Scaulon, Minn.— Bond Ofering. —PropoBa^s will be received until 7:;<0 p. M September 19, by G. H. MuNie, Village Recorder, for tT.SOO flre-hall, jail and water-tank bondB
at not exceeding 6$ interest. Aathority, election July 80,
Interest, eemi-an1934. Denominations to eait purchneer.
Maturity, not more than 20 years. Bidders will
naal,
specify deaomlnatioDB desired and also maturity of bonds-;
denomination of |1,000 (one |50J) and maturity of nine or
ten years prf^ferred.
Seafurd, Del.— Bonds Not to be Re offered 7hiB Year.— We
areadvlaed that the |10,003 if 10-30-year (optional) bonds
offered withont saccesa on Jnly 19 will not be offered again
,
&
:
I
Second Nat. Uiiuk. Toledo
Tromansburg,
purposes,
Testa Independent School District No. 102, Redwood
County, Miau.— Bond Sate.— On August 15 tde $1,500 5$
10-15-year (optional) school bonds described in V. 79, p 528,
were awarded to the First National Bank of Barneeville at
101-666
&
Date, Sept.
NEW
1,
-Bond Election.— At the
WaHhiDgton, Ga.
on the ques-
^soo,ooo
16 $10,000
ItONO
City of Lynchburg, Va.,
REFUNDING BONDS.
fPbe undersigned will receive sealed proposals
r 30th,
until la c,cl(iCK noon, TUtSDAY.
1804, tor $20J.UOO thirty year nootaxHble Refundtne Bonds of the City of Lynchburg. Virtrinla.
Theiie bonds will be Issued in aenominatlons of
$1,OOU each, dated October Ist, IwO*. bearing interest
at the rate of 4!6 per annum, payable January ana
July, at ihe oflBce of the Treasurer of the City of
Lynchburg, Virginia.
The check for •^% of the par value of the bonds bid
said check payable
fer must accompany each bid
to tbe Older oi the Treasurer of the City of Lynchbnrs, VIrftiniu, and certified to by a responsible
bank and deposited as a eutranty of good faith.
Tbe ngbt is reserved to reject any and all bids.
^30,000
Offers
BBK
GuIZZAKD,
DEPARTMENT.
Railroad,
AMD
Printed
OorporatioD
and prices
application.
lists
&
LIST.
ENISON, PRIOR & CO.
BOSTON.
CLEVELAND.
T. B. POTTER,
MUNICIPAL and BONDS.
CORPORATION
T.W. STEPHENS
& CO.,
<
HICAGO,
\AtiT
•
•
1L.L.S.
•
ON APPL.ICATIOII.
New
York.
Establlahed 1S»<5.
Rudolph Kleybolte&Co. H. C. Speer & Company
159 La Salle St., Chicago.
BANKERS.
CITY COUNTY
AND TOWNSHIP
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
NASSAU STREET, NEW
Interest Paid on Dailv
YORK.
and Time Deposits.
BONDS.
MUNICIPAL BONDS.
E. C.
Stanwood &
95
Co.,
BANKERS.
Milk Street,
BOSTON.
Co.,
CORPORATIOM
BONDS
171
SEND FOR
172 WashiiigtOD Street,
San Frandeco.
MacDonald, McCoy
La
CITY
TAX-EXEMPT BONDS.
1
MUMICIPAL AMD
upon
ZWh GOLD
BOSTON.
Chicago.
INVESTMENT BONDS.
DKALKRS IN
H.ROLLINS & SONS
Denyer.
Street,
BOSTON.
Municipal and Cor-
NEW YORK
BONDS.
E.
Burr,
Emporia, Va.
MUNICIPAL
Service
60 State
Illinois.
2 Wall Street,
Public
&
poration Bonds, conservatively issued,
of Emporia, Va.,
WATER AND SEWER BONDS.
The Town Council of Kmporla, Va.. will receive
bids f r ISO.OOo Water and Sewer Bonds. 6% Interest,
payable semi-annually.
Proposals will be reoeived until noon SEPTKM1st, and bids will be opened in the presence of
tbe bidders on the nlKbt of tbe 1st. Mark all proAll Information cheerfully
posals on outs'de.
iBrnished on application to Town Clerk.
INVESTMENTS.
yielding investors i% to b}4%.
Town
K.
following bonds
Chicago,
T.
Committee on Finance.
John
Bonds Authorized by LfgU'lature.-The
Perry, Coffin
•lAMES R. GILLIAM,
COLEMAN,
WM. V. WILSON JR,
m
THE AMERICAN TRUST
INVESTMENT BONDS
& SAVINGS BANK,
AUUUS
;
—
S'ate Legialature has passed a bill authorizing this place to
issue bonds for public schools; also to improve the waterworks system.
Weston, Ohio.— Bonds Authorized.— The City Council on
August 1 passed resolutions providing for the issuance of tbe
INVESTMENTS.
LOANS.
will be received
by the City Clerk, for $15,000 ii
&
Interest, semi-annual.
1934.
Bond Q^ertngF.— Proposals
held
Warsaw, Ind.— Subsidy Voted. At a special electi
recently this city authorized a subsidy of $25,000 in aid of
the Warsaw
Goshen Electric Railway. The city of Goshen,
as stated elsewhere, has authorized $30,000 for this purpoe.
improvement bonds were awarded
Bro. of West Washington at 101-25. Denomi-
J.
interest.
until 12 M., August 31,
sewer bonds.
(seiial) street
to J. Shntz
nation, $500.
and
Wttboo, Neb.
Sjduey, Cape Breton, N. S.—Bond f'aie.— Canada papers
state that this city has sold an issue of $300,000 bonds to
Costes & Co. of London at 84 and accrued interest.
Thtinidsvllle, Ga.— Bonds Proposed.— This city has under
consideration the issuance of paving and fire-department
year
1,
Interest
provement of Louden Street.
Taldosta, Wa.— 8oni« Not Soid.— All bids received August
15 for the $20,000 Ai bonds dessribed in V. 79, p. 2S7, were
rejected.
Bonds will be re- offered.
Bonds Authorize i by Legi-<lature.—ThlB city has received
authority from the State Legislature to issue bonds for school
city-hall b.^nds.
1-5
at
Urbana, Ohio.— B-»nd« Authorized.—The Council has
passed a resolution to iesue assessment bonds for the im-
A
Tod Township, Ohio.— Bond Sa/e.— Oj August
23 $15,000
plant bonds.
&
5^
I
—
fSO.OfO court-house, $10,000 jail and sheriff's residence and
|10,000 furnishing bonds will be submitted to a vote of the
people.
Silver Creek, Hiss.— Bond S^ale.— On August 1 the $3,500
6i school-house bonds described in V. 79, p. 286, were award
ed to S. A. Koan of Chicago at par.
South Omaha, Neb. -Bond ibale.—Oa August 15 $16,000 &%
5-year (optional) street-paving bonds were awarded to Spitzer
Co. of Toledo at 100 64 and interest. Denominations,
Interest, anDate, August 1, 1904.
$600 and $500.
nual.
special election will be
Spartd, 111.— Bond ^ecHon.—
held September 6 to vote on the question of issuing $30,000
election this district will vote
tion of issuing $75,000 school-build leg bonds.
lOO'l?
Y.—Bond 8ale.-Oa August
semiannually in New Yorft City. Maturity,
$600 yearly on September 1 from 1906 to 1980, inclusive.
Tauica, Miss.— Bond Election. An election will he held
in tblB town to vote on the question of issuing $5,000 lighting1904.
Seward County (P. 0. Seward), Neb.— Bond Election,—
At tbe coming election in November the qn<^stion of iasning
coming November
N.
paving bonds were awarded to the Ithaca Savings Beink
par for 3-75 per cents. Denomination. $800. Date. Sept.
this year.
bonds.
Titnsville (Pa.) Sctaool District.
Vol. LKxix.
Salle Street, Cbicago.
CLINTON GILBEE.T,
2 Wall Street,
New
York.
BANK & TRUST COMPANY
STOCKS.
BONDS
STOCK CERTIFICATES
Aleo
HandsomelT erRraved;
steel plate effect.
tbe cheaper kind, panly lltboiir«ohe<i i.nd partiT
printed fFDUi type. loO Stock Ce'tiUrate!', $:< to
$25; the latter ei ernv.d with (.tefl piaebTders
th CprtitlcMles, |1 50.
— elecHiit. Seal Pres».
ALBERT B. KING & CO., 105 WiUiam St., N,T.
If \v
EugrareiB and Litnograpbers.
(Telephone.)
:
Aug.
11.600
1,000
THE CHRONICLE.
27, 1904.1
Street sewer bonds, maturing 15C0 on April 1, 1811 ; |600
Sept. I.IHII. and «600 on April 1.1»12.„„^
.. .^„„ o
.,,««ditch bonds, maturing »5o0 Sept. 1, 1906, and 1600 Sept. 1, 1907.
4M< Main
to Sept. 1, 1909, inclusive. DenominaDate, Oct. 1, 1904. Interest, March 1 and September 1 at the office of the County Treasurer. Accrued
interest to be paid by purchaser. Certified check for $1,0C0
on a Bowling Green bank required. Purchaser will be required to furnish blank bonds.
Wtirceeter, M&sb.— Temporary Loan.— This city has just
negotiated a loan of $50,000 (two notes of $25,000 each) with
Fisk & Robinson at 2-36^ discount. This is the lowest rate,
the City Treasurer informs us, ever offered the city of
Worcester. Loan is dated August 24 and will mature Oct.
on
from March
Both the above lesnes are in denomination of $500, dated
Sept. 1, 1904. Interest aemi-annually at the office of the Village Treasurer.
West Orange (V. J.) School District.— Btd« to Be Made
are informed that bids
on Blanks Inpared by District.—
for the $55,0au A% school bonds, to be sold on Sept, 6, must
We
made on blanks prepared by the district. These
may be obtained from Frank L. Baldwin, District
blanks
Clerk,
Trust
or from the United States Mortgage
Co., New York City. The oflSoial advertisement of this offering was published in last week's Chronicle on page
&
West Orarge,
24, 1904.
Worth County, Ga.—Bond Election.— An election, it is
stated, will be held in this county to vote on the quesion of
issuing bonds for a new court house ana jail.
August 15 the
Wooster, Ohio.— Bond* Authorized
753.
—On
O. Montioello), Ind.— Bond Sale.— On
656 C. E. Patrick et al., ditch bonds,
described in V. 79, p. 647, were awarded to the State Bank
of Monticello at par and interest.
Bond Sale.— We are informed that the four issues of 6%
ditch bonds, aggregating |44,088 35 t ffered but not sold on
May 18, have been placed with the State Bink of Monticello
at par and a premium of $29 06. See V. 78, p. 1926, for deBcription of bonds.
White Plains, N. Y.—Bond Sale.— On August 16 the |ll,000 4i 25 year bonds (three issues) were awarded to Geo. M.
Hahn, New York, at 101 '33. For description of bonds see
V. 79, p. 847.
Bond Offering,— PiopoB&iB will be received until 8 p. m.,
September 14, by the Board of Trustees— Jno. J. Brown,
President— for $28 OCO 4^ water bonds. Denomination, $1,000.
Maturity, Sept. 1, 1934. Certified
Interest, semiannual.
check for 6{ of the amount of bands, drawn on a State or national bank or trust company, required.
Willooghby, Ohio.— Bonds Dereated.— Atthe election held
August 2Z ibe proposition to issue $41,0Q0 bonds failed to
carry. The vote was 155 for to 125 against— a two-thirds
vote being necessary to authorize.
Wood County (P. 0. Boifvllrg €!reen) Ohio.— Bond Offering.— Profoaah will be received until 12 m,, September 6, by
B. C. Harding, County Auditor, for $50,000 t% coupon highway-improvement bonds, maturing |5,000 each six months
White ConntyfP.
City Council passed ordinances providing for the lesuance of
the following bonds
August 20 the $6,815 98
•2,500 5% 1 10-year (serial) East North Street paying bonds of $250 each.
2,000 b% 1-10-year (serial) West Latwill Street sewer bonds of $)iOO each.
Both issues are dated Oct. 1, 1904. Interest semi-annually
at the office of the Board of Trustees of the Sinking Fond.
Tonkers, N. Y.—Bond Sale.— On August 23 the $44,600 i%
deficiency bonds described in V. 79, p. 754, were awarded to
the Yonkers Savings Bank at 100'16. This was the only bid
received,
ToaogstowD, Ohio.—Bond Ojre***«(7.— Proposals will be reI. Davies, City Audceived until 2 p. M,, Sept. 12, by
itor, for the following bonds :
Benomlnatton, $315. Maturity, one
$1,726 6$ Sec eca street sidewalk bonds.
Wm.
1 from 19j6 to lUlO, Inclusive.
Uavis Street sidewalk bonds. Denominntlon, $192. Maturity, one
bond yearly on Got 1 from luuflto 191o, inclaslve.
485 5% Webb Street stdewa k bonds. Denotninaticn, 197. Maturity on*
bond yearly on Oct. 1 from lUOO to lulO, inclusive.
bond ye»rly on Oct.
900
6!(
Bonds are dated Sept. 19, 1904. Interest will be payabl*
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than S^pt. 19,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer. A certified check on a
Youngstown bank for 2i of the amount of bonds bid for,
payable to the City Auditor, must accompany proposals,
which must be made for each block separately.
INSURANCE.
18S0.
INSURANCE.
1904.
The United
States Life
Insurance Co.
IN
1, 1905,
tion, $1,000.
iW%
be
803
THE CITY OF NE W YORK.
John
Munn, M.D., President.
Finance Committee:
P.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY,
The Truttees, in Conformity with
its
the.
New York, January 20th, 1904.
Charter of the Onmpany, submit the following statement of
on the 31st of Dectmbtr, igoj ;
affairs
Premiums on Marine Rlsits from iFt January, 1903, to 31st
JAMES K. PLUM
Leatbei Premiums on PoUoies not marked off let January, 1903
CLABENCE H. KELSEY.Pr.Tlt.Gnar.ATr.Co.
WILLIAM H. PORTER, Pres. Ctaem. Nat. Bank Total Marine Premiums
Aotive and snooessfal Agents who desire to
make DIRECT CONTRACTS with this weU
established and propresBlve Company, thereby
eonrlnff for themselves not only an Immediate
retom for their work, but aJso an Increasing
annual Income commensurate with their
nooess, are Invited to commonloate w tb
AtMta, over $8,750,000.
Paid to Pollcyholderi in 1903, $1,060,966 70
ITHITING'S PAPERS.
$3 974,516 29
$3,250,364 45
Premiums marked off from Ist January, 1903, to 31st December, 1903
•
$336,185 20
Interest received during the year
"
"
"
$448,10S 97
less Taxes
111,923 77
Rent
Losses paid during the rear which were estimated
in 1902 and pi evioiis years
$322,49079
Losses occurred, estimated and paid In 1903
1,065,141 83
$1,387,632 62
BICHARD E. COCHRAN, 3d Vloe-Iiesldent,
at the Company's Office, 277 Broadway, New
York City.
^__
$3,174,147 73
800,368 56
December, 1903..
Less Salvages
Re-insurances
$146.587 55
64,028 75
„
210,616 30
$1,177.016 32
Returns of Premiums and Expenses, $467,841 97
The Company has the followln;: Aspfta, viz.:
United 8tat«s and dtate of New York t«toch; City, Bank and other Securities
$5,170,084 00
1,612,252 53
Special depoRlta in Banks and Trust Com panics
Real Estate corner Wall and William Streets and Exchange Place... $3,789,000
75,0o0 3,864,000 00
Other Real Estate ana Claims due the Company
Premium Notes and
Cash
in the
Bill
Receivable
1,107,221 88
.
hands of European Bankers to pay losses under policies payable in
182,001 68
89,461 72
foreign countries
aeb in Bank
^
Amount
$12,025,02181
interest on the outstanding certificates of profits will be paid to the holders
jereof, or their legal ri-presentatlves, on and after Tuesday ,"the second of February next.
The outstandintr ocrtitlt ati'S of the issue of 1 898 will be redeeineii and paid to ihe holders
thereof, or tlieir leta. rejiresf^ntativeR, on and after Tuesday, the second of February next, from
which date hU iiittres' thereou will cease. The certificates to be produced at the time of
payment, and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company
for the year endlnc 31f»t December, 1 903, for which, upon application, certificates will be issued
on aud alter Tuesday, the thlid of May next.
Hv or,1er or the Hoard,
Six per cent
Fer Baalne«ii Correnpondenoe,
Whether for letter written with your own hand, oi
ky^he typewriter, are UNHgUALED. Their qnallty
kssnred and they have won highest honors at all
the great World's Fairs. For high (trade wrltlnp
papers of all kinds, for bond papers, and for ledger
la
papers. Insist on having
them made by the
QUSTAV
WHITING PAPER COMPANY,
HOl.^ OHK. :nA8H.
Naw
York.
Philadelphia.
Chicago.
Com puny 8«rll
Year* Boovht «<! Held.
Atlantle matnal Inanrnnoe
of All
JOHN M.GILLESPIE,
Boom
U.
STAMTON FL.OVD-JONES,
AMSINCIC.
M n^VCuN,
JOHN N. BiCAni,
WII-MAM H HO III TON
K.tANCIS
TKHNO.N H. MliOWM,
'.VALDKON v. IIKOWN,
JOSKI'H H.t HA!MAN.
I. KOliCiK ". C'.AHK.
Ct.KNKIJUS Ki.KKUT,
KWAl^U FLKITMANN.
HERHKKT
CLKMKNT
ANSoN
I..
A.
\V. II
(J
M-61 Wall
Street,
NEW
fOEB.
P. MORTON,
HENKY PAlllrill.
KRRMKUIC A PARSONtf
moos.
LEVI
(iHIsCoM,
AKIi,
DAI.I-AS B. JMIATT;
M> KICIS K. .lKSl;i'.
I.EUIH CA-iS I.KDVAHD.
KltANClS 11. I.KOOKl'T,
rilAIU.KS l> I-KVKItlCH,
OEOIKJK
A. A.
.1011
N. LOVKLL.
H. MaCY,
rnAKLICS H MAllSnALL,
GKOHOK
W.U. U. MUOKI£,
A. A.
RAVEN,
\V.
KAVKN.
I,.
,,
yLl.NTAmis
KIKRH,
rresKtftil.
Virr.rret't.
F A PAHSONS,
CORNKMUH KLDERT,
P.
N
DOUGLAS liOBINSOT.
OUSTAV II. SCHWAB,
WILLIAM C. STUKQia,
IjEANIiKH
THEO.
No. 518 Atlantic Bailding,
Secretary.
TRUSTEES.
JOHNSON, jrf
31 riee-Prt^U
ric«-P'-e«'i.
THE CHRONICLE.
804
Jk^ccottutauts.
Svttst ^ortipvcnits.
Wilkinson, Reckitt,
Williams 8c Co.,
S^EpUlTABLE
TMIST COMPANY
Certified Public AccorintantB,
(IlllnoU)
MARQUETTE
[Vol. Lxxix.
UUIL.DINU,
.WYORK
CHICAGO.
i^..,*'
•i
99 Broadway,
Stephen (Slrard Bids.
NEW yOUK.
PMlbADEI^PUlA.
LYBRAND,
ROSS BROS &
TKUSTKEBi
H.
PUfL,ADEL.PHIA.
Lawrence
Fidelity Ballding,
MEW YORK.
HASKINS & SELLS,
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad
30 Coleman
Street,
OleveUnd.
W. FuUe,
Bee.
St. Loole.
128 Broadway,
New
H. M. Walker,
Aut. Treasurer.
Jr.
L. F. Loree.
ot
Individuals and Corporationsc
Interest on Dailv Balances.
^twattctaL
an Audits of Banking and
Stock Brokerage Houses.
•
Pogson^ Peloubet & Co*
PUBLIC ACCOUN TANTS.
YORK, 42 Broadway.
CHICAGO, Marquette Building.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy
SURPLUS. S9.000.000.
Investigations
and Reports on
and
Elleotrlc
LONDON CORRE8PONOENT8S
O.
WHITE &
'X'ia
College Hill.
Limited,
Cannon 8t.
CO.,
RANGE OF PRICEH;
rOB
92 TXJLBS.
for five yeiim.
PRICK. 12
CONANT &
J.
William H. Laws,
W.Mlddendorf,
Qrenvaie M. Dodge.
WUUam WUUs
A. Gee ^ el,
Bdwln Gould,
Bi-ank Jay Gonld,
George J. Qonld,
John A. Hilton,
Winslow
Metrtll
8. Pleroe,
Frederick B. Schenok.
WUUam
H. Taylor.
Edward R. Thomas,
John P. Trnesdell.
l^tuanctal.
REVIET\
Accountant,
LOOMIS,
CO.,
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street. New Vork.
Bdmnnd C. Converse,
Wm.NelBon Cromwell.
OUR ANNUAL
1887 issue which gives 1882-1886
"
"
1887-1891
1892 "
'•
"
"
1892-1896
1897
"
"
1897-1901
1902 "
"
"
1899-1903
1904 «'
efficiency.
Robert C. Qowry,
Myron T. Herrlok.
Edward T. J eflery,
Edward R. Ladew,
Charles P. Armstrong,
B'rank Bralnard,
B. F. C. Toons.
WM. FRANKLIN HALL,
Examinations and inyestigatiouB conducied with the utmost
P.
1882— 1903.
Otves a monthly range of Stock and Bond Prices
w'sTate^steJt?
Prooldoai
Vtce-Pres.
ARMSTRONG
3d Ylce-PrM.
JOHN A. HI LTON. 3d Vtoe-Preo. A: Trou.
WILLIAM M. LAWS
Secretary
CHA8.
DIKBCTOR8:
and Eleetrlt
Power Plants Financed, Designed and Bollt.
Electric Sailwayt, Eleetrie Light
J.
OFFlCERSt
EDWIN aOCLD
WILLIAM H. TAYLOR. ...1st
Inyestors.
THE FINANCIAL
Books audited.
BROADWAY, NEW YORK.
York.
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
"Wall Street Exchange Bulldlns;
41 WALIi STREET.
BOSTON, MASS.
26
Capital, 92,500,000 Snrplii8,$2,500,000
New
43-49 Exchange Place,
PEODUCTION ENGINEERS.
PTTBLIC ACCOUNTANTS.
Telephone 6940-6941 Broad.
CO.,
BOWLING GREEN
TRUST CO.,
Engineers, Contractors,
Building.
GuNN, Richards & Co.
WHITE &
G.
J.
ITork..
of Flnaoolal Conditions and BaminKi.
Reports and Adjustments for CongoUdattons
and Reorganlzatlong.
care and
Frederic R. Ootidert,'
H. H. Porter
W. H. Crocker,
O. F. Adr joLs 2nd,
John M. Halh
Edward M Hoiur,
Jr.,
Asst. Secretary.
CAPITAL, S3.000.000.
Plttebugli.
zamloatlOBs
^
and Treaa.
LTinan Rhoades
Deposits
Solicits
CERTIFIED PUBLIC ACCOUNTANTS
NEW
Bradlsh Johnson,
William Alexander,
Alvlii W. Krech,
M. Hartley Dodge,
H. M. Alexauder,
8. M. iDiL'An,
"HA8KSBLLS."
"™°'W. F.WEISS,
laTestlffBtlona
Geo. H. Hqulre,
yioe-President.
L. Olllesple,
York.
Street, London, E. C.
Cable Addresi,
Obloago.
New
James Henry Bmltk.
L. L. Gillespie,
F.
W. Alexander,
V. P. Snyder,
Otto H. kahn,
Vloe-Prealdent.
Clarence H. Maokay,
William H. Baldwin Jr.,
Bli William O. Van Home,
Channcey M. Depew,
W. B. Ranklne,
BALTIMORE.
J.
James H. Hyde,
Alexander,
William H IMoIntyre.
T. H. Habbard,
Glage E. TarbeU,
John F. Dryden,
T. De Witt Ouyler,
D. H. Moffat,
(Penmtylvanla)
TKUHTEES:
Krech,
Demlng,
C.
0. B.
Stephen GIrard Building,
Bldg.,
W.
President.
£. H. Harrlman,
H. 0. Prick,
Public Accountants
Broad Exchange
EQUITABLE BUILDING.
Alvin
James H. Hyde,
MONTGOMERY,
Certified
NASSAU STREET
15
Some
earlier Issuei
WM.
Tel. 4958 Broad.
The American Mfq.Co.
MANILA SISAL AND JUTE
CORDACE.
PBR COPY.
may be had
at |6 00 n copy
65
Wall
Street,
New
York.
DANA COMPANY,
B.
FINE
ST..
7«^<
ALFRED ROSE,
We can supply
NEW YORK.
NOW READY.
ENGINEERS.
MunaB.T of the Audit Co. of N. Y.i
CERTIKIKI) I'UltMt; ACCOUNTANT.
[I.at« N. Y.
56
PINK STKEET.
NEW
YORK.
JAMES PARK &
PUBLIC
CERTIFIED
ACCOUNTANTS.
Broadway, Hew Vork.
H'i
338
00.,
l.a
Ktock Broker,
66
BROADWAY, N.Y.
Established 1868
'^s" ^'o'"'' ^*rodnce Exchange.
j f,^^ York Con. Stx)ck ExcbanKe.
My office le In receipt of all the news of the Street
Pronjpt and etficieni service for either trader
or Inyestor. Write for special market letter
Mnrnhpru
Memoers
Railroad
Securities.
(Issued Seinl>Annually
by the Publishers
JULY EDITION.
ENGINEERS.
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
TEUmSi
•
91 00
Price ot Single Copied,
tbe Chronicle,
ti
To SnbMcrlbers ol
To Bankers and Brokers
in quantities,
& Co.,
INCOHPOKATKD.
of the
Commercial & Fihancux Chroniclk.)
Sallo Street. Chicago.
Fred H. Smith,
H. M. ByUesby
OF
Tel. 4201 John.
HYDRAULIC PLANTS.
with theli
aards lettered In Rllt on the cover, at special rate*.
Examinations and Reports.
5
WILLIAM B.DANA COHIPANI
Fine
^treet, coi.
Pearl Street
New
Tork.
New York
Life Building,
CHlCACiO,
ILL.
@FedFRASER