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INCLUDING
Railway & Industrial Section
Bankers' Convention Section
Bank & Quotation Section
Railway Earnings Section
Electric Railway Section
State and City Section
SATURDAY, AUGUST 31 1912
VOL. 95
whe Throuide.
PUBLISHED WEEKLY.
Terms of Subscription-Payable in Advance
$10 00
For One Year
NO. 2462
Week ending Aug. 24.
Clearings at
1912.
1911.
Inc. or
Dec.
1910.
$
266,964,570
22,251,250
20,587,628
20,886,774
12,048.667
6,312,889
5,506,400
4,707,136
2,237,828
2,636,265
1,783,953
2,006,659
594,022
1,060,149
999,690
1,367,120
775,755
2,212,000
790,999
1,108,018
1,208.409
516,090
488,495
609,579
333,745
597,943
325,000
542,399
375,664
345,765
289,653
132,277
50,276
318,152
384,021,129
Chicago
239,675,544 +11.4 235,264,903
21,080,900 +5.6
Cincinnati
19,728,650
6 00
For Six Months
17,410,032 +18.3
Cleveland
16,721.513
13 00
European Subscription (including postage)
Detroit
16,396.915 +27.4
14,267,890
7 50
Subscription six months (including postage)
European
11,596,142 +3.9
Milwaukee
11,206,723
.
22 148.
Annual Subscription in London (including in stage)
8,72o,153 -27.7
8,175,262
£1 118. Indianapolis __Six Months Subscription in London (including postage)
4,712,200 +Mb
Columbus ..
4,902,300
$11 50
Subscription (including postage)
Canadian
Toledo
3,500,904 +34.5
3,355,652
Peoria
includes following Supplements
2,839,889 +140
Subscription
2,644,090
Grand Rapids
2,175,966 +21.1
2,079,941
BANK AND QUOTATION(monthly) RAILWAY AND INDUSTRIAL(3 times yearly) Dayton
1,611,885
1,601,909 +11.4
ELECTRIC RAILWAY(3 times yearly)
,
RAILWAY EAR INGS(monthly)
Evansville
1,874,349
1,857,229 +8.0
(semi-annually) BANKERS'CONVENTION (yearly)
STATE AND CITY
Kalo.•razoo
530,835
600,115 -1.0
springfleld, Ill_
857,000
976,164 +8.6
Terms of Advertisind-Per Inch Space
Fort Wiyne
778,937
892,962 +12.0
$4 20 Youngstown __.._
857,844
1,023,962 +33.6
Transient matter per inch space(14 agate lines)
Two Months
(8 times)
22 00 I.exington
566,845
793,154
Three Months (13 times)
29 00 Akron
1,267,400 +74.6
845,000
Standing Business Cards
Six Mnths
o
50 00 Rockford (26 times)
706,183 +12.0
702,331
00 Canton
Twelve Months(52 times)
87
916,006 +21.0
037,044
477,666 +152.0
482,491
CHICAGO 0yricE-Geo.M.Shepherd,513 Monadnock Block;Tel.Harrison 4012. South Bend
Springfield, O._
412,281 +25.1
395,918
LONDON OFFICE-Edwards & Smith,1 Drapers' Gardens, E. C.
Bloomington ___
641,571 -23.9
56:1,077
Quincy
533,191 +14.3
WILLIAM 13. DANA COMPANY, Publishers,
560,683
430.951 -10.9
Decatur
468,509
Now York.
P.O. Box 058. Front. Pine and Depeyster Ste.,
355,841 +68.0
Mansfield
499,815
316,000 -1-32
Lansing
350,000
Published every Saturday morning by WILLIAM B. DANA COMPANY. Jackson _
400,000 +35 6
305,000
7acob Seibert Jr., President and Treas.; George S. Dana and Arnold G. Dana, Lima
373,590
334,791 +12.1
Vice-Presidents; Arnold G. Dana, See. Addresses of all, Office of the Company. Danville
331,126
388,128 -10.9
259,684 +11.5
261,717
Jacksonville, Ill_
139,324
Ann Arbor
130,631 +1.3
Adrian
31,595
24,110 +108.5
CLEARING-HOUSE RETURNS.
319,680
370.435 -14.1
Owensboro
The following table, made up by telegraph, &a., indicates that the
Tot. Mid West.
343,824,069 +11.7 333,012,451s
of all clearing houses of the United States for week
total bank clearings
ending Aug. $1 have been $2,745,200,765, against $2,830,021,521 last San Francisco__.
41,794,704
41,454,436 +14.8
47.599,043
week and $2,717,630,095 the corresponding week last year.
Los Angeles
19,498,897
14,111,051
15,240,358 +28.0
Seattle
11,247,945
10,296,203 +9.2
11,624,602
Portland
9,294,201 -3.0
9,013,908
7,900,809
Clearings-Re)urns by Telegraph.
Per
5,907,942
Salt Lake City
5.373,605 +9.9
5,005,553
1912,
1911.
Week ending Aug. 41.
Cent.
4,017,541
3,530,053 +13.8
bOokane
3,686,359
3,783,701
3,869,945 -2.2
5,461,279
*1,284,283,966 $1,202,873,214
+6.8 Tacoma
New York
2,784,609 +46.8
4,086,443
2,478,858
101,607,125
103,870,438
-2.2 Oakland
Boetou
1,589,251
1,568,656 +1.3
1,193,461
105,032,944
111,655,040
-5.9 Sacramento
Philadelphia
2,428,872
1,550,000 +56.5
1,213,38
24,099,061 +12.2 San Diego
27,043,767
Baltimore
802,122 +9.1
874,997
690,357
215,717,062
205,947,731
+4.7 Stockton
Chicago
714,583
510,999
517,194 +14.3
58,008,722
52,400,632 +10.7 San Jose
St. Louis
763,171
627,516 +21.6
717,488
14,260,423
-8.2 Fresno
13,095,773
New Orleans
667,071 . 632,288 +5.5
547,056
Pasadena... _ - _
306,499
344,981 -11.2
405,086
+5.2 North Yakima_
$1,804,789,359 $1,715,106,539
Seven Cities, 5 days
277,175
229.621
278,514 -0 5
480,246,483
439,464,817
+9.3 Reno
Other Cities, 5 days
112,777,039
98,184,681 +14.9
97,567,563
Total Pacific
$2,285,035,842 $2,154,571,356
+6.1
Total all cities, 5 days
563.058,739 -18.3 Kansas City__460,164,923
All cities, 1 day
46,639,818
42,573,761 4-9.6
44,500,211
17,762,109
16,781.414 +5.8
19,172,894
Minneapolis
c/.745.200.765 S9.717.630.095
'rm.i nil ninon for weck
+1.0 Omaha
15,215,569
13,028,134 +16.h
14,071,869
10,213,335
9,655,816 +5.8
9,625,231
St. Paul
The full details for the week covered by the above will be given next Denver
7,764,084
7,750,116 +0.2
8,003,735
Saturday. We cannot furnish them to-day, clearings being made up by the St. Joseph
6,724,709
5,125,651
5,697.682 +18.0
clearing houses at noon on Saturday, and hence in the above the last day of Des Moines
3,693,895
3.371,407 +9.5
3,049,350
2,800,081
the week has to be in all cases estimated, RS we go to press Friday night.
2,456,750
2,204,947 +27.0
Sioux city
present below detailed figures for the week ending with Saturday Wichita
We
3,435,559
3,090.601
3,139,874 +9.4
noon, August 24, for four years.
2,829,795
3,871,669
3,313,642 +14.6
Duluth
1,340,241
1,079,830
1,455.903 -7.9
Topeka
1,257,738
1,260,155 +18.9
1,498,101
Lincoln
Week ending Aug. 24.
1,231,000
1,294,288
1,213,258 +6.7
Davenport
Clearings at
749,468
1,106,582
978,274 +13.1
Cedar Rapids__ _
inc.or
755,622
664,189
619,609 +22.0
Colorado Springs
1912.
1910. •
1911.
Dec.
1909.
540,426
50.9
636.219 312,968
Fargo
456,617
547,363 +12.1
612,027
Pueblo
$$
$
$
272,528
314,777
289,647
Fremont
1,366,353,327 1,806,230,545
1,696,530,169 1,428,214,962
New York
899,202
1,213,573
1,082,459 +12.1
127,995.581 113,747,778 +12.5 118,646,361 115,813,877 Waterloo
Philadelphia
15.4
792,581
1,038,714
936.783 52,972,512
47,923,752
44,418.291 +19.3
42,754,713 Helena
Pittsburgh
342,753
260,812 +31.5
350,00
Aberdeen
26,942,169
32,287,637
28,495,337 +13.3
24,918,727
Baltimore
156,884 +21.6
190,764
200,000
8,042,434
10,388,321
8,559,178 +21.4
8,312,905 Hastings
Buffalo
289.161
254.017 +13.8
112.591
Billings
4,598,077
6,351,168
6,414,882 +17.3
5,263,503
Albany
5.327,831
5,581,813 +3.3
5,763,091
5,019,880
Total oth.West 127,101.193 117,208,178 +8.4 121,862,504
Washington ___.
2,695,846
3.283,077 +20.1
2,703,749 St. Louis
3,944,375
Rochester
63,259,759 +15.0
72,769,941
57,982,974
2,401,649
2,372,010 +9.5
Scranton
2,600,000
2,248,658 New Orleans
16,502,632 +9.1
17,996,423
13.365,8415
1,864,519
2,013,302 +37.6
Syracuse
2,771,488
1,548,283 Louisville
10,362,443 +8.8
10,918,864
11,275,754
1,290,657
Reading
1,448.492
1,287,206 +12.5
1,308,553 HoUston
14,803,636
13,832,119 +43.1
19,796,809
Wilmington
1,067,978
1,104,739 +35.8
1,500,090
1,060,967 Galveston
8,417,500 +6.9
9,000,000
7,167,500
Wilkes-Barre
1,227,204 +7.2
1,209,380
1,316,062
1,277,760 Richmond
6,282,890
6,173.343 +21.4
7,500,000
1,635,662
Wheeling
1,662,434 +12.3
1,866,068
1,218,975 Atlanta
8,314,181 +11.4
9,261,565
6,489,863
1.212,077
Trenton
1,386,558
1,334,568 +3.9
1,086,710 Memphis
3,608,043 +30.0
4,689,399
3,434,289
798,864
845,193
773,165 +9.3
York
705,986 Nashville
3,685,990 +39.5
5,140,644
3,650,000
939,674
775,975
746,373 +25.9
Erie
685,357 Fort Worth
4,722,791 +5.5
4,933,119
4,259,326
480,087 .
509,415 -5.8
Chester
461.972
398,129 Savannah
4,959,286 +17.2
4,104,510
2,983,383
524,207
Greensburg
433,936 +21.0
376,941
500,000 Norfolk
2,525,699 +15.0
2,903,408
2,335,687
553,600
Binghamton
432,300 +28.0
362,500
422,700 Birmingham _
1,973,027 +37.3
2,709,579
2,002,799
495,413
420,575 +17.
415,411
Altoona
8
419,279 Knoxville
1,493,644
1,550,000 +3 2
1,600,000
125,241
745,065 +68.2
838,238
Lancaster
2,082,122
1,563,721
1,954,598 +6.5
Chattanooga
1,712,056
2,775,000
2,419,318 +14.7
Jacksonville __
Total Middle_ 1,834,221,963 1,652,777,670 4-12.2 1,596,331,620 2,112,929,256 Mobile
1,175,056
1,193,590
964.383 +23.8
1,358,805
1,378,552 +12.8
1,554,556
138,659,054 125,998,447 +10.0 117,404,567 121,006,270 Augusta
Boston
1,169,30
1,361,475
1,133,051 +20.1
7,154,500
6,216,500 +15.1
6,084,500
5,743,100 Little Rock
Providence
1,036,314
1,280,149
1,051,989 +21.7
Charleston
+6.2
3,380,358
3,184.683
•
:3,134,056
2,700,877 Oklahoma
Hartford
1,636,248 -4.6
1,560,638
2,224,007
2,232.374 +6.3
2,377,756
•
2,199,378
2,023,911 Macon
New Haven
2,254,198 +6.2
2,394,509
547,677
1,829,672 +6.1
•
1,910,982
1,686,377
1,522,969 Wilmington,N.C.
Portland
483,000
472,490 +2.8
395,389
1,666,267 +24.5
2,075,931
•
1,785,486
1,500,000 Austin
Springfield
1,840,328 -1-14.5
2,106,247
1,185,703
1,838,135 +22.5
2,251,092
1,941.183
1,360,852 Vicksburg
Worcester
154,649 -3.0
150,000
154.784
736,119 +24.5
724,727
016,035
•
788,232 Jackson
Fall River.
261,649 +44.0
376,874
255, t o
914,583 +2.9
669,448
940,961
New Bedford_ _ _ .
793,718 Muskogee
603.461 +15.1
694,533
395.109
398,382 +48.7
502,771
Lowell
383,237
.
n
503,209
714.887
573,707 +9.7
411,880
Holyoke
611,667
462,644 Tulsa
.
4 , 145
376,113 +13.8
Total Souther' 190.570 751 1043548811
Bangor_
428,386
is I 0,1
.
830 0: in: 1
Total all
161.329.496 145.969.042 ±105 136,466.711 139.045.31f
TOW New Vim
Outside N. Y 1,233,032.352 1.uv6.76/,564 + i2 IA8,6.436.'41
Noss.
-For cat adian clearings see "Commercial and Silsceilaneoui News."
+
%.8
•
1909
247,607,099
22,093,050
14,589,920
12,532,373
10,423,547
6,668,187
6,001,600
4,469,508
2,372,759
2.120,908
1,489,088
2,495,780
557,866
1,000,000
856.923
922,334
570,658
600,000
595,269
665,291
435.248
381,471
405,941
413,573
363,856
280,629
287,188
192,591
309,129
249,634
149,196
25,564
341,221,260
33.339,486
12,653,225
11,785,723
6,078,543
6,597,093
4,459,026
5,223,028
1,561,128
1,035,135
914,000
600,064
444,684
451,215
450,000
298,529
225,000
86,115,859
44,322,345
13,891,414
13,496,395
10,393,753
6,989,552
5,373,451
3,136,761
2,238,644
2,412,432
3,122,616
1,176,677
1,133,959
1,130,207
776,519
918,466
569,077
497,614
308,705
823,726
137,469
112,939,782
51,140,381
13,071,474
9.992,313
10,709,272
5,026,000
6,200,000
5,286,351
3,188,317
3,601,010
6,204,857
3,506,779
2,106,937
1,674,727
1,650,539
1,057,043
1,367,169
1,140,846
1,084,290
941,781
810,443
1.550,000
700,000
293,644
540,818
136,487
236,000
138.217.579
930.409.046
1.0.34.2/ ,b0
506
THE CHRONICLE
THE FINANCIAL SITUATION.
President- Taft has signed the Panama Canal Bill
and has issued a statement or memorandum intended
to justify his courSe in so doing. We discuss his
action and the character of the bill in a separate article
on a SubSequent page and shall deal here only with
a single phase of the discussion. In view of the importance that the United States shall not jeopardize its
good repute abroad, it is most unfortunate that the
President's". remarks seem to have satisfied no critic,
either at borne. or abroad.
There Is. really no good reason why foreign nations
should look With 'suspicion upon the provision in the
measuie'whieh exemPts American vessels engaged in
the coastwise trade from the payment of tolls when
passing
-Atli-tough the'Canal Yet, a disposition seems
to exist in Europe to regard such exemption as a
discrimination against foreign shipping and a violation
of the ptoVisions of the Hay-Pauncefote treaty. As
that treaty Was'apparently intended to insure equality
• of tteatment to the commerce of all nation's, it is
perhaps'not surprising that to those not fully acquainted With the facts, as might be the case with
foreign eriti.6s; or to those looking at it only perfunctorily. and superficially, it should seem as if by this
*Canal Toli Ket we ate.ignoring treaty rights. Under
the cire*StandeS; and considering the protest made
•13Sr the 'British goveinment at the time the bill was
under disenssion in Congress—since which time, however, some Of the provisions regarding tolls which were
truly objectiOnable have been eliminated—it was
eminently' proper that the President should endeavor
to:Set the, WOrld right in the matter and seek to
remove the eridneous impressions which have developed concerning the same.
The President's argument is sound enough, but it
is couched in
Or less techniCal language, and thus
fails to enlighten those most in need of enlightenment.
A few' senteriCeS, properly put, shod(' have sufficed
to settle the Whole controversy. The President might
have pointed Out that from the standpoint of foreign
countries; the:question whether the United States has
the Tight to *al:ire the tolls in the case of American
ships engige'd in the coastwise trade is a purely academic one'. *Under United States laws, foreign ships
6annot engage. in our coastwise trade. In these cir;
cuinitanCes. 'What difference does it make whether tolls
are exaCtied or not 'oil the coastwise shipments? There
is no attempt to discriminate as regards tolls in the case
Of ships'engaged in the foreign trade; American ships
and foteignt ships alike must pay tolls, and neitheris to
be favored. If a distinction were attempted on such
trade, then the situation would be entirely different.
Originally,''it" was proposed that American ships
'Should biljdy an advantage as regards tolls even in the
foil'eigns- trade; but this proposition was seen to be un.le'inrthe light of the language of the Hay-Pauncetenilb
fdte'treaty,.and. was abandoned.
Foreign" natiOns very properly insist that treaty
tights SliOrild be 'held sacred, but obviously they will
ndt.ask Of uS'anYthing except what is right and proper.
Td • tindetStand. that opposition is unwarranted
they • ne6d. only be told that the coastwise trade
• has ali,vays'been reserved fot'United States ships, that
foreign his'have never had the right to engage in the
Same, and 'that; hence, the Opening of the Panama
Canal can niake no difference whatever on that point.
That'was-the State of things at the time the HayPauneefote treaty 'NVfIS entered into, is the state of
[VoL. Lxxxxv.
things to-day and probably will always remain the
state of things. European statesmen are rational and
intelligent human beings, and when this statement
has been put before them, no club will be necessary
(figuratively speaking) to convince them that, as the
United States has always denied foreign ships admission to the coastwise trade, it is preposterous to suppose that the country would spend several hundred
million dollars in building a canal for the express purpose of allowing foreign ships to enter into such coastwise trade.
Foreign ships not being competent to engage in this
coastwise trade, the matter of what the tolls shall be
on such trade is of no concern to the outside world,
and • has no bearing whatever upon treaty rights.
It is entirely outside of the treaty. We notice that
John Barrett, Director-General of the Pan-American
Union, who has just arrived from Liverpool, in commenting on the new Panama Canal Act, incidentally
makes a statement which coincides with what we have
said above. He is quoted in the daily papers as having said: "Another foreign influence against the bill
has been a lack of popular knowledge and appreciation
of the fact that coastwise shipping of the United States
is limited to vessels flying the American flag, and that
foreign vessels, no matter what the tolls may be, could
not engage in coast-to-coast business." In thus
speaking Mr. Barrett,who is a man of wide knowledge
and experience, puts the whole case in a nutshell.
It is unfortunate that Congress bungled so badly
regarding this Panama Canal legislation, incorporating
in the Act many provisions which should have been
taken up separately and treated by themselves. This
has tended to confuse an otherwise clear situation.
Furthermore, our own newspapers have been so
zealous in demanding that treaty obligations shall be
held inviolate that they have failed to lay emphasis
on the distinction between coastwise trade, in which
only American ships can engage, and foreign trade, in
which the whole world can engage, with the result that
their comments have tended to mislead persons on the
other side. The effort now must be to make it clear
that there is no attempt to break faith and that the
provisions of the Hay-Pauncefote treaty are really
not at all at issue.
Mr. B. F. Yoakum, Chairman of the St. Louis &
San Francisco Railroad, is one of the men who long
ago perceived that transportation needs the agricultural producer as much as he needs transportation;
accordingly Mr. Yoakum and others have been zealously at work in promoting at once agricultural settlement and agricultural increase. Of the 1,903 million
acres of land in the United States, says Mr. Yoakum,
1,200 millions are available for farming purposes, by
which he surely does not mean that nothing more and
better needs to be done than to tickle the surface with
a hoe and wait for it to laugh with a harvest. The
cultivated acres produced, he says, an average of
$15 72, exclusive of animals and their products; the
uncultivated acres could, at the same rate, add $13,362,000000 more, not including animals and their
products, which in last year's agricultural reports are
estimated at $2,913,000,000. In the last ten years
improved land increased 15%,but population increased
21%, thus showing a "shortage" proportion of 23
million acres. Look forward fifty years, and if population increases at the recent rate of 21% in each
decade, the cultivated land would fall 175 million acres
short of the amount needed to support our population.
AUG. 31 1912]
THE CHRONICLE
507
These figures of increase of land, crops and population have been growing familiar of late, but Mr.
Yoakum assumes that, combining standard products
with vegetables, poultry and fruit, requires that there
shall be rail lines not more than ten miles distant. In
Missouri, Kansas, Oklahoma, Arkansas, Louisiana,
Texas, Arizona and New Mexico, he says, there are
160 millions of acres of land more than ten miles from
the rail and the people of those States now need 27,000
miles of additional railroad to take care of their farming interests. The best tillable lands along railway
lines in the United States are practically now under
improvement, but if one drives an automobile directly
away from the rail he finds millions of acres of rich
land lying idle and waiting. Mr. Yoakum quotes
Baron H. von Barnekow as saying in the Berlin press,
after a recent visit here, that "the United States is
beginning to decline," and ending by saying that "the
possibilities of arresting the downward movement lie
with the farmers."
All this is cumulative upon the,imperative necessity
of better and more intensive cultivation, and upon the
importance of what we called "the new" agriculture
which is going on, as has been pointed out in the
"Chronicle" during the last few years. But the direction to which Mr. Yoakum bends his figures is equally
practical and important. It is neither easy nor important to discover what type of person in the United
States owes most to railways and is most dependent
on them; but certainly the farmer should be among the
first to value them and the last to cherish hostility
to them; they might languish along without him, conceivably, but he would not exist without them. All
these dissensions among classes of industry as to their
respective contributions to the total of all consumable
good things of life and the shares which they may
rightfully take from the total for themselves are as
besottedly foolish as a wrangle between the organs
of the human body. How many people, we wonder,
remember the ancient fable of the belly and the members and might not profit by reading it again? There
was a time when the new country beyond the Mississippi
(and emphatically the farming people therein) so
hungered for railroads that they were ready to concede
and promise anything; reaction has gone much too far,
so that hostility replaces friendship. Some new construction is needed almost everywhere, but in the
newer States the need is almost keener than at first,
because it is no longer practicable to "move on" as it
once was. Politicians cater to any emotion they discover, but the anti-railway war is a rage at one's own
prosperity.
of reprisal." The Suez Company at its annual meeting
in Paris on June 3rd reported an increase of $866,000
in receipts compared with the preceding year, the
total for 1911 being $27,762,000. This, it was said
at the meeting, justified a further reduction in the
tariff on vessels. This reduction will go into operation next January and amount to 50 centimes (10
cents) per ton. Deductions in the Suez Canal charges
are automatic. It was agreed that in January 1885
the dues should be reduced to 93. francs per ton7
that subsequently they should be lowered on a sliding;
scale as dividends increased, and that after the dividend reached 25% all the surplus should be applied
in reducing rates until they were lowered to 6 francs
a ton.
One effect of the provision of the Panama Canal
Bill, just signed by the President, preventing railroadowned steamships from using the Canal has, it is
announced in Philadelphia, been the cancellation of
shipbuilding contracts that would have involved
an expenditure of $12,000,000. These contracts
had been tentatively entered into by the Pacific Mail
Steamship Company, which several months ago
advertised for bids for the construction of four steamships. The William Cramp & Sons Ship & Engine
Building Company of Phi adelphia, and the Newport
News Shipbuilding Company of Newport News, Va.,
were the lowest bidders. The Cramps bid on two
of the coast-to-coast liners and the Newport News
Company bid for the entire four and it was finally
agreed that the contracts should be halved,
each company building two boats. Vice-President
Schwerin of the Pacific Mail Company has formally
announced that the ships will not now be built. The
designs called for the building of ships each to be 700
feet over-all and to run with turbines. It would
have taken about two and a half years to finish the
vessels.
The British protest against the Canal Bill which
was delivered on Wednesday last intimates a purpose
to demand an abritral decision in the event that a
more careful study of the Panama Canal Toll Act
bears out the impression conveyed by the first reading,
that it is a violation of the Hay-Pauncefote treaty.
Although the State Department would authorize.
no statement to that effect, it is understood in Washington, according to press dispatches, that the Administration will decline to permit the question of the
right of the United States to relieve its own shipping
from tolls in the Panama Canal to go to arbitration.
But this position of the Government, it is said, may
not be developed fully for some time.
Dispatches from abroad-have recently been intimating that in advance of the opening of the Panama
Canal a rate war had been already begun by the Suez
Canal Company and that this war would involve all
the maritime nations of the world. The Suez Company has promptly denied that reductions in rates
that have just been announced are in any way influenced by the approaching opening of the American
waterway. The company has authorized the following statement. "For many years the Suez Canal
Company has pursued a policy by which every time
its dividends have increased, the tolls have been reduced. It was in accordance with this traditional
policy that the stockholders were advised at the
general meeting last June that a reduction of dues
would be granted. The directors of the company
have in no way considered the hypothesis of measures
Affairs in China are again apparently running
smoothly, though no progress has been reported this
week in the financial plans of the new republic, which
depend so completely upon the raising of a foreign loan.
President Yuan Shi-Kai and Dr. Sin/Tat Sen, former
Provisional President, dined together at the capital on
Saturday of last week, and after that held a conference
lasting several hours, during which the political situation was thoroughly discussed. At the conclusion of
the conference the two statesmen gave out a statement
in which it was asserted that they were in perfect
accord on all important questions. Dr.Sun was given
a magnificent reception in Peking, rivaling that of the
return to the capital of President Yuan. The impeachment of President Yuan for the execution of
Gen. Chang Chen Wu and several other, Southern
generals has, according to dispatches from Peking,
508
THE CHRONICLE
'collapsed. A telegram from Tien Tsing states that
Dr. Sun• advocates that China borrow nothing from
the Six-Power group of bankers, declaring it possible
for China to obtain funds from other sources without
vexatious conditions.• A cable from Canton declares
that an American representative of banks in the
Western States of the United States has signed a
preliminary agreement to lend $25,000,000 for the
purpose of financing a bank, a railroad and a mine in
Kwang-Tung Province. Our State Department at
Washington has received no definite information of
this loan. The proposed incorporation of Thibet as
a Province of the Chinese Republic is being officially
opposed by Great Britain, which contends that Thibet
should be permitted to manage its affairs without
Chinese interference, although no opposition will be
shown to a recognition of China's suzerainty over the
country, but not its sovereignty. The outcome of the
present situation may possibly be the drawing up of a
British-Russian-Chinese agreement for the preservation of the autonomy and neutrality of Thibet.
[VoL. Lxxxxv
received by the Powers. In response to energetic
diplomatic intimations that Montenegro must not
provoke war with Turkey, King Nicholas and the
Montenegrin Government gave assurances to representatives of the Powers on Monday last that nothing
contrary to the wishes of the leading European nations
would be done. The King and his ministers declared
that Montenegro had no aggressvie intentions and
was merely protecting herself against Turkish attacks
on the frontier.
On our own continent, affairs in Mexico and Nicaragua are still in a highly unsettled condition. Advices from Nicaragua became so serious that President
Taft early in the week ordered the Tenth United States
Infantry, now stationed at Panama,to proceed without
delay to Corinto, the chief Pacific port of Nicaragua.
Twelve hours later the President canceled the order
when advised that a sufficient force of American
marines and sailors would be in Managua and Corinto
early next week to insure the safety of American lives
and property. The President countermanded the
Dispatches from Paris claim semi-official authority order upon receipt ot advices that communication had
for the statement that peace between Italy and Turkey been restored. Minister Weitzel yesterday cabled the
is imminent. Progress has been made, it is said, on State Department that the British Vice-Consul at
'several delicate points. The Italian Government will Matagalpa had advised the British Consul at Managua
not insist on including the annexation of Tripoli in the that, unless troops arrived at Matagalpa soon,Englishpeace terms. However, Turkey will renounce her men and other foreigners would be in great danger.
claim to suzerainty and Italy will pay a large indem- Minister Weitzel's message was as follows: "The
nity for the territory As in all negotiations of this present local authorities are doing all in their power to
character, the so-called "breaking-point" is frequently guarantee life and property but the circumstances are
reached and negotiations are then resumed on a new very difficult. Certain elements who are well known
basis. Italy will not admit any discussion of her for their rancor, hostility and idiosyncracy have
seizure of Libya in Tripolitania; she has refused all .frequently expressed evil intentions against foreigners.
propositions to leave part of the interior or of the Should this element gain control of the revolution in
coast of Cyrenaiea to Turkey, and makes a condition the neighborhood of Matagalpa, I believe the lives
of peace that Turkey withdraw her troops from Libya. and property of his British Majesty's subjects would
Italy will accept the religious authority of the Sultan be endangered." When the reinforcement of Ameriin Tripolitania. Dispatches from Rome state that if can marines arrives next week, it is likely that a strong
within a few days no steps are taken toward opening detachment will be sent to Matagalpa.
official peace negotiations, Italy will resume her
Reports from South Mexico have recently been so
active campaign in the Aegean Sea. Marquis di alarming as to compel a discussion by President Taft
•San Giuliano, the Italian Foreign Minister at Athens, and his Cabinet of the possibility of intervention in the
in an interview has stated that Italy does not intend near future. The inability of President Madero to
to keep the Aegean Islands, which she has occupied. restore peace in Mexico in spite of the fact that the
However, in order to conform to the desires of the insurrection proper under Gen. Orozco seems to have
inhabitants of the islands, the Foreign Minister will been quelled is the source of much anxiety to the
make efforts to insure •the liberty and property of administration. While the operations of Gen. Orozco
and his men in Northern Mexico near the United States
the islands, which are now owned by Turkey.
The Turkish Grand Vizier has notified the Austrian border line are exasperating and are injurious to
Ambassador that while his Government is grateful for American interest, the most serious phase of the
Austria's friendly intentions toward Turkey,asimplied Mexican situation, it is alleged, now lies in the condiby the proposal of Count Berchtold, the Austrian tions existing in Southern Mexico, where Zapata is
Minister of Foreign Affairs, that Turkey should de- the recognized rebel leader. Gen. Zapata has quietly
centralize her administration and grant autonomy to been making headway at a time public interest has
Albania and Macedonia, it cannot admit of foreign been centred on the unsuccessful Orozco campaign.
interference in its internal questions, and therefore
The Bank of England officially advanced its minimust decline to consider the questions. The Austroscheme for promoting the reforms and mum discount rate on Thursday to4%from the 3% rate
Hungarian
peace in the Balkans did not purpose intervention or which had been in effect since May 9th, when it was
the pushing of definite reforms or collective action of reduced from 33'%. The announcement was not a
the Powers. • It simply urged the Powers to come to .surprise. It had been clearly forecast earlier in the
an understanding and then to make representations week by the action of the Bank in refusing to do
individually to the various Balkan States. The business in three months' bills with its own cusobjects desired to be attained were two. The first tomers at the official minimum figure. Private
was to encourage the Turkish Government in the path discounts in Lombard Street were, therefore, strong
of reform in Turkey in Europe, and the second to early in the week and on Thursday were quoted
secure for Turkey from the rival States in the Balkans by cable at 3%@3%% in the open market for
a time of peace in which to prepare and carry out short bills and 3% for ninety-day bills; but closed
reforms. The Austrian proposition was favorably yesterday at a reduction to 35,,'% for sixty-day
AUG. 31
1912]
THE CHRONICLE
and to 3 11-16% for ninety-day bills. The rise
in the English Bank rate may, of course, be regarded an accurate indication of worldwide firmness in money. It is not improbable that the Imperial Bank of Germany will promptly follow the
lead of the English Bank and also advance its rate,
as Germany has during the week been urgently
seeking funds at London and Paris as well as New
York. In our own centre Berlin 'has been bidding
49% for three months, but has, we are informed,
only been successful in securing a few comparatively
small loans at this figure on the dollar basis—that is
to say, the loans are specifically payable in dollars
so that the rate of exchange does not enter into consideration, the borrower taking the risk.
As New York banks are anticipating continued
firmness in the general money tharket, there is excellent reason for believing that they will not again
become heavy creditors of Berlin during the remaining
months of the year. It was the large supply of American and German bills, according to cablegrams from
well-informed London correspondents, that forced the
Bank of England to take such sudden action. Early
in the week the belief prevailed that the advance might
be delayed until the first week in September in order
that the September settlements might not be unduly
interfered with. At that time, also, an advance of
only
was considered probable. But the urgency
of the situation developed so rapidly that the Governors
of the Bank not only decided upon an immediate
advance, but also of one sufficiently large to at once
become effective. Day-to-day money is quoted at
23/2% in London. At the monthly settlement in
4%for AmeriLondon contangoes ranged from 4 to 41
can securities and, notwithstanding this high basis,
it is understood that a number of large speculative
accounts have been transferred from New York to
London as a result of the prospect (as distinct from
.
the actual situation) of relatively easier carrying
charges that are expected to be available at the
British centre. This, of course, suggests a belief
that notwithstanding the evidence of strain in the
English market,some large operators here are looking
forward for even greater strain in the New York
banking situation. We discuss the local money
market situation at some length in another column.
In addition to the transfer of speculative accounts
to the London market there has been a considerable
borrowing by New York Stock Exchange commission
houses in that market by means of ninety-day finance
bills. We learn that about $5,000,000 in New York
City ninety-day revenue bills specifically payable in
London in sterling have been sold within the, last
week on the basis of about 4 3-16%. The Continental
exchanges have moved in favor of London, the sterling
check rate in Paris closing at 25 francs 29 centimes on
Thursday, which compares with 25 francs 273 centimes
a week ago, though it closed yesterday at 25 francs 283/2
centimes, while a continued drift of funds from Paris to
Berlin is indicated by a further advance of 10 centimes,
to 123.55 francs in the Berlin check rate in Paris.
Of the £950,000 of Cape gold offered in London on
Monday,£200,000 was secured by India, the remainder
going to the Bank of England at the Mint price.
In Paris open market discounts as reported by cable
yesterday were 2%%,representing an advance of %%
for the week. Discounts in Berlin show an advance
of 4%,to 43,4% for spot bills, all maturities, while bills
1
%
to arrive closed at 43 @4M%,comparing with 41
4
43i% a week ago. At Brussels the closing rate is 14%
509
higher for the week at 3%%, while Amsterdam remains unchanged at 3%%. The official Bank rates
at the leading foreign centres are: London, 4%;
4%; Brussels, 4%; Amsterdam,.
Paris, 3%; Berlin, 41
4%; Bombay, 3%, and Bengal, 3%.•
In discussing the British money situation, a local
banker of prominence who is connected in a very large
way with international money affairs, tells us he believes it will take fully two years before the congestion
of capital issues and other out-of-the-ordinary influences will permit the London market to reach a normal
condition so far as a free use of its reserves is concerned.
The loan item (other securities) in the Bank of England's weekly statement which was published on
Thursday seems to support this statement, as an expansion of loans of £1,267,000 is indicated, bringing
the total outstanding amount up to £36,369,000,
which shows an expansion of £9,538,000 comparing
with the 1911 figures, while the bullion holdings of the
Bank are almost identical with last year's figures
(amounting to £41,737,225, against £41,732,464), and
the reserve is only £792,000 higher (£30,994,000,
against £30,202,274). The reserve this week increased £886,000 and the proportion to liabilities is
now 49.96%, comparing with 49.80% last week and
56.33% a year ago. The week's increase in bullion
holdings was £824,937. The statement showed an
increase in notes reserved of £928,000, a decrease in
circulation of £61,000 and of £310,000 in public deposits, while "other deposits" increased £2,527,000,
and now amount to £45,417,000, comparing with
£42,811,936 in 1911. Our special correspondent
furnishes the following details of the gold movement
into and out of the Bank for the bank week: Imports,
£627,000 (wholly bought in the open market);)
exports, £25,000 (wholly to Jaya), and receipts of
£223,000 net from the interior of Great Britain.
The weekly statement of the Bank of France was,
taken altogether, a weak one. The gold holdings
registered a decrease of 3,825,000 francs and the silver
holdings a loss of 6,475,000 francs. Notes in circulation increased 33,300,000 francs and discounts indicated an expansion of 158,375,000 francs. There was
an increase in general deposits of 119,800,000 francs
and of 13,775,000 francs in treasury deposits. Advances were reduced 11,025,000 francs. The gold
holdings, according to this week's statement, aggregate
3,296,600,000 francs and compare with 3,169,425,000
francs one year ago and with 3,390,550,000 francs in
1910. Silver now stands at 784,550,000 francs. One
year ago the total was 840,225,000 francs, two years
ago 846,800,000 francs and in 11909 1,053,300,000
francs. Discounts compare favorably with last year's
figures, amounting to only 1,191,497,000 francs, as,
against 1,304,918,706 francs.
The weekly statement of the German Reichsbank,
which was published on Saturday, recorded an increase of 23,874,000 marks in gold and of 10,403,000
marks in gold and silver combined. Loans showed a
contraction of 15,265,000 marks and discounts of
16,269,000 marks, while notes in circulation were
canceled to the amount of 44,816,000 marks. Treasury bills declined 7,921,000 marks and deposits increased 31,968,000 marks. The Bank now holds
1,286,059,000 marks in gold and silver, which compares with 1,239,660,000 marks one year ago and
1,106,040,000 marks in 1910. The total of loans and
discounts is 1,039,046,000 marks, comparing with only
901,360,000 marks one year ago and 951,820,000
510
THE CHRONICLE
marks in 1910. The circulation item stands at
1,631,924,000 marks, comparing with 1,496,440,000
marks in 1911 and 1,466,520,000 marks the year
preceding.
[Vot. Lxxxxv.,
succeeded in securing only comparatively small
amounts, which is not surprising when the banks are
finding it so necessary to huband their reserves. As
one bank officer expressed it to us yesterday, "we
have simply stopped lending except so far as the imperative needs of our customers are concerned. We
have been out of the market as buyers of paper for
more than a month." Time money rates have ad
vanced fractionally during the week.
Call money during the week covered a range of 23.
to 3 2 and the renewal rate throughout the week was
%
TN% until Thursday, when it was advanced to 3%,
and was still further advanced on Friday t6 31
4%. On
Monday the extreme figures were 29 and 3%,on Tuesday they were 23/i and 3%, on Wednesday 2% and
3%, on Thursday 25 and 3% and on Friday
%
2M@33/2%. Time money closed at 3%@4% for
sixty days, 43' et4%% for ninety days and 5%
for four, five and six months. Mercantile paper
is in fair supply, with choice six months' names
quoted at 53@,531%, with a few transactions as low
as 5%. Sixty and ninety-day endorsed bills receivable are st 11 quoted at 5%, but the offerings are so
light that this quotation is largely a nominal one.
Bills not usually classed as choice are still quoted at
@6%.
The feature, of the local money market has been the
sudden calling of outstanding demand loans by Canadian banks in this market. New York funds have
been ruling at a considerable discount in Montreal for
several weeks, so that heretofore there has evidently
been a quiet withdrawal going on. But this week the
banks have required gold, and shipments of the precious metal aggregating $2,600,000 have been made to
Canada. It is understood in banking circles that an
additional movement will take place next week.
Canadian banks have also been selling sterling finance
bills in the local market, evidently drawing on their
London deposits. The July statement of the Canadian
banks, which has this week become available, shows
call loans held by Canadian banks outside of Canada
(chiefly in London and New York) to be $117,961,437,
comparing with $104,009,030 in July of last year.• Of
these outstanding loans, $59,409,773 belong to the
Bank of Montreal, $15,127,121 to the Canadian Bank
of Commerce and $14,773,668 to the Royal Bank of
Canada. With this Canadian demand as a new factor
,
in the situation, and with continued demands from
our own interior sections, the action of Wall Street
In sterling exchange the feature of the week has been
interests in transferring speculative accounts to the very general drawing of finance bill3 in large and
London and of Stock Exchange commission houses in small amounts by, it would seem, nearly everybody
borrowing in London, appear to indicate an intelligent having credits available in London. This situation,
appreciation of existing monetary conditions in the in connection with similar action by Germany, was
local market, especially when cognizance is taken of undoubtedly the incentive for the sudden advance in
last week's statement of the Clearing-House banks and the English Bank rate, which was, for all practical
trust companies, which showed for the week ending purposes, put in operation on Wednesday before its
,
with Friday a decrease of $5,206,100 in the cash sur- formal announcement by the Bank on Thursday. The
plus reserve, bringing down the total in excess of re- higher Bank rate and the resulting advance in openserve requirements to $15,345,900. A year ago the market discounts in London naturally restricted the
actual surplus (including trust companies that had new offerings of finance bills at the close of the week,
been admitted to the Clearing House) was $37,233,300, and on Friday the market suffered a severe decline
and two years ago (before the trust companies were on selling by well-known speculators who had evidently
admitted) the surplus held by the banks alone was over-estimated the capacity of the market. Thus
$49,047,000. Thus the banks and trust companies far commercial bills have not actively entered the
are hardly as well fortified as could be wished at the market, but a block of $5,000,000 New York City
beginning of a season that promises to develop demands ninety-day revenue bills, specifically payable in
of unusual volume. As the strain is so fully recognized London in sterling, has been sold to English bankin advance, however, there is every probability that ers on about a 4 3-16% basis. The difficulty of
precautionary. measures will be taken to prevent un- obtaining steamship accommodations for grain still
necessary disarrangement of business routine. Should promises to interfere to some extent with grain exthe strain reach an acute stage,the belief is that the ports and may delay some portion of the offerings of
Treasury would come to the aid of the market. The grain bills that have been expected to become available
Secretary of the Treasury, Mr. Franklin MacVeagh, in the near future. There seems every reason to exwho stopped for a short time in town this week on his pect, however, an active grain movement, taking
way from Washington to New Hampshire, confirmed the season altogether, as a result of the large crops at
this statement as to the attitude of the Treasury. He home and the extent of the foreign demand, the crops
said in an interview: "At the present time the Treasury in England particularly having been very severely
has a comfortable balance, but by no means as large clamaged as a result of the phenomenally wet harvest
as the balances were in those years when the Govern- that has in many important sections practically ruined
ment had to come to the aid of the banks. There has the crops. The import movement of merchandise
been no suggestion this year that there will be any need continues particularly active, keeping well up to the
for the Government to take this action during the export volume. This situation, in connection with
coming months, but I have no doubt, should the occa- the various items, such as dividend and interest obligasion arise and should the amount that the Treasury tions on securities held abroad, ocean freight rates that
could spare be of any value, that the Treasury will be are paid for the transportation of the merchandise both
as ready to help the country as it.has been in previous ways to foreign shipowners, and various other wellyears."
known items that enter into the invisible trade balBerlin has been bidding 43 % for ninety-day funds ince, means that, instead of accumulating a favorable
4
in the local market this week for dollar loans—that is, trade balance abroad, a reverse movement is now in
loans re-payable in dollars, the lenders assuming no wogress. As a matter of fact, international bankers
risk of foreign exchange. The German borrowers have at this centre agree that_our balances in London are at
AUG. 31 1912]
THE CHRONICLE
511
"11,0 $1,1911,
Aug. 29 1912..
the moment down to a close working basis, that our Bank,of
Total.
TQtql:
Gold.' '
Silver.
Gold.
loans to Germany have been very largely repaid,
, £
,£
. •
f. . 41,732,464
and that New York, therefore, has a very restricted England_ 41,737,221
41,737,221 41,732,464
163,285,27( I
-6,776,841 33,728,600 160,505,440
secondary reserve available in the form of foreign re- France _ 31,004,03( 31,381,24( 65,902,85( 46,244,750 15,638,85( 61,883,600"
Germany. 48.652,85( 17,250,000
7.475,00(
8,124,00(
near future needs foreign Russia _ '.55,363,00( 11,869,000 163,487,001 48,614,00( 12,406,00( 156,089,000
08,212,000
sources. If New York in the
63,601,001 55.806,06(
61,732,00(
Aus-liun
47696,000
16,62„001
17,081,00(
compelled to bid against the world for Spain _ _ _ 42,435.00( 30,181,00( 47,262,001 40,100,000 31.074,012! 43,680,000
3.580,000
Itaiy
3,668,00( 46,103,001
aid, it will be
850,00( 12,795,00( 11,850,00( 1,703.00( 13,553,000
Netherl'd 11.945,00(
6,758.000
such aid, as there is no question hut that we have en- Nat.Belg 7,584,00( 3,792,00C 11,376,00( 4,735,0M 3,379;000 10,137,000
4,735,000
5,374.00
5,374,00(
Sweden _
6,579,000
6,579,000
7.136,001
Switzerl'd
7,136,000
tered upon a period of world-wide monetary activity.
2,222,000
Norway _
2,253,00(
.
. 2,253,00( 2,222,90(
The London check rate in Paris closed at 25 francs
Total wee` -23,197,101 107.115,24( 130,312,34. 08,040,059 !08,984,450 117,024,504
283. centimes, representing an advance of 13( cen- Prey. weal ,18,813,991 107.334,36; 326;148,35: 04,138.54l 109,208,111, 313,340.662
times for the week, while in Berlin the London check
•
rate closed at 20 marks 46 pfennigs, which is a decline
Berlin exchange
of 1X pfennigs for the week. The
THE PANAMA CANAL
in Paris closed 123.55 francs, or an advance of 10 cenThe incidents surrounding the enactment of the
times.
bill for administration and operation of the ,Panama
Compared with Friday of last week,sterling exchange Canal, which has now paSsed Congress,and been,signed
on Saturday was unchanged for demand and cable by the President, have presented several unpleasant
transfers which, were still quoted at 4 8720@4 8730 aspects which one would have wished to eliminate
and 4 8760@4 8770, respectively; sixty days declined from so important a measure of legislation. . It Was
to 4 8420@4 8430. Notwithstanding the unfavorable necessary to provide at this time'for permanent governNew York City bank statement, rates held firm on ment of
the Panama Canal Zone, with, a view to the
Monday and advanced 5 points on a more active decompletion of that great enterprise and to preparation
mand and light offerings of bills; the close was 4 8725
for the operation of the Canal under the' lawS of the
@4 8735 for demand and 4 8765@4 8775 for cable
United States. For Such legislation the President and
transfers; sixty days ruled unchanged. The advance
the country were justly anxiods. It might not to.have
was continued on Tuesday on rumors of a prospective
been impossible to have enacted the fundamental prinincrease in the Bank of England rate,and short covering
ciples and the essential details of sue') legislaion, in
and demand moved up to 4 8730@4 8740, cable
such way as to evoke no. irritating diSpute among Our
transfers to 4 8770®4 8780 and sixty days at 4 8425®
.
own citizens or with foreign nations,, and to put the
4 8435. On Wednesday the opening was slightly
proper seal of the law on this important *Undertaking
easier, but later ralied and finished unchanged from
amid general satisfaction and rejoicing.
Tuesday's closing quotations for demand and cable
Unfortunately, the discussion of 'the measure in
transfers; sixty days declined to 4 8420@4 8430; question had no sooner begun, than one or the other
trading was dull and featureless. Sterling was very House of Congress began to load dawn the bill with
quiet on Thursday with rates more or less nominal; provisions which, if not entirely, non-germane to' the
the Bank of England advanced its minimum discount
essential problems of the Canal, at Alf eNients involved
rate to 4%, but this had little effect, having been
side issues which might much better hare' been left
discounted earlier in the week; after early firmness
for future mature consideration, Apart froth the questhe market showed a weaker tendency, with the final.
tion of administering the Canal. The' OA Of these
range at 4 8725(0 8735 for demand and 4 8415@
questions, which has occupied a large 'place in public
4 8425 for sixty days; cable transfers were unchanged
attention, was the question of tolls for vessels using
at 4 8770 ®4 8780. On Friday the market declined
the Canal, and particularly the 'question,bf
15 to 20 points, chiefly on selling by speculators who
ating privileges as between, American and foreign
had over-stayed the market. Closing quotations were
vessels. At the start, a strong disposition'WaS mani4 84(0 8410 for sixty days, 4 8705@4 8715 for defested, either to altegether exempt American shipping
mand and 4 8750@4 8760 for cable transfers. Comfrom the tolls imposed upon foreign ships Or else to fix
mercial on banks closed at 4 82®4 83% and docurates which should discriminate in their 'favor. This
ments for payment 4 833/@4 84%%. Cotton for
proposition encountered, among both home and foreign
payment ranged from 4 834@4 83%, grain for paycritics, a protest based on the language' of the Hayment 4 839®4 84.
Pauncefote treaty under Which England agreed to'the
American construction of the Canal': 'That section
The New York Clearing-House banks, in their oper- reads as follows:
ations with interior banking institutions, have gained
"The Canal shall he free and ,opet to.the vessels of
$645,000 net in cash as a result of the currency
commerce and of war of all nations observing these
movements for the week ending Aug. 30. Their
so that there shall be
receipts from the interior have aggregated $10,141,000, rules on terms of entire equality, such nation, or its
no discrimination against any
while the shipments have reached $9,496,000. Addcitizens or subjects, in respect of the conditions of its
ing the Sub-Treasury operations and the gold exports charges of traffic or otherwise." •
to Canada, which together occasioned a loss of $8,This protest called forth some argument, in both
200,000, the combined result of the flow of money
into and out of the New York banks for the week Houses of Congress, based on the.not very creditable
appears to have been a loss of $7,555,000, as follows: grounds that we have the right to provide as we choose
for a canal which is our own property; that, so far as
concerned the Anglo-American treaty, the English
Net Change in
Into
Out of
Bank Holdings.
Banks,
Banks.
Week ending Aug. 30 1912.
negotiator had got the better of Mr. Hay, and that we
$9,406.000 Gain '$045.000
$10,141,000
Banka' Int prior movement
20,100,000
28,300 000 --oss 8 200 000 ought not, therefore, to recognize any such past stipukilub-Trea.sury operation ,and gold exp
$30,241,000 $37.796,000 Lots $7,555 000 lation. Clearly, this was an argument which could
Total
make no appeal to honorable and intelligent men, and
table indicates the amount of bullion in fact it was at once pointed out that the concessions
The following
by the American negotiator in the Hay-Pauncefote
in the principal European banks.
512
THE CHRONICLE
[VOL. Lxxxxv.
treaty were by no means granted in return for no
We think that nothing will come from the foreign
consideration. As Mr. Hay himself pointed out, they protests; they are merely in the nature of opinions, and
were the understood conditions for England's abroga- could hardly be regarded even as a declaration of
tion of the old Clayton-Bulwer treaty, whereby Eng- diplomatic position, unless under circumstances varyland and the United States had jointly agreed that no ing widely from those which now exist. When, howIsthmian canal should be constructed by either ever, one examines the other sections of the
Panama
country without the co-operation of the other.
Canal bill, there will at once be found some matters of
Recognition of this fact led to abandonment of serious criticism which may make trouble in the future.
the proposal for general discrimination in favor of The bill is loaded down with provisions, amending
American ships engaged in foreign trade or elsewhere. older laws of the United States, which have no direct
There was left, however, the proviso that tolls should or immediate bearing on the Panama Cnal. For inbe limited in the case of our coastwise traffic, in which, stance, Section 5 amends Section 4132 of the Revised
under existing law, foreign vessels are not allowed to Statutes (the navigation laws) so as to provide for
engage. Here there was obviously a somewhat registry of foreign built vessels in the American trade.
different question involved. Because of that exclu- It goes further, providing, without any immediate
sion of English competition, remission of tolls for reference to commerce through the Panama Canal,
coastwise American shipping was clearly not a direct that materials for construction and equipment of
discrimination against foreign vessels. Some of the vessels operated by American owners shall be admitted
foreign critics, and with them the British Foreign free of duty, subject to the regulations of the Secretary
Office, nevertheless took their stand on the letter of the Treasury. Section 11 of the bill amends the
of the contract in the Hay-Pauncefote treaty. Inter-State Commerce Act of 1887 through the proPresident Taft seemed long to be uncertain as to his vision that after July 1 1914 "it shall be unlawful for
own construction of the law. At one time, in a any railroad company or other common carrier, submessage to Congress, dated Aug. 19, referring to ject to the Act to regulate commerce, to own, lease,
differences of opinion among able lawyers on the ques- operate, control or have any interest whatsoever
tion, he suggested that foreign shippers be granted the * * * in any common carrier by water, operated
right to submit their grievances to the Federal courts through the Panama Canal or elsewhere, with which said
of thb United States, also advising that a formal railroad or other carrier aforesaid does or may comdeclaration be incorporated in the Act to the effect pete for traffic." This, it will be observed, is
a
that nothing in that measure "shall be deemed to sweeping proviso and only to a limited degree deals
repeal any provision of the Hay-Pauncefote treaty or with conditions regarding Isthmian traffic. In the
to affect the judicial construction thereof."
third place, the Anti-Trust law of 1890 is amended to
These suggestions met no favor anywhere, and the effect that "no vessel permitted to engage in
rightly so, in our opinion. Our courts already have coastwise or foreign trade of the United States shall be
enough delicate questions thrust upon them beyond permitted to enter or pass through said Canal if such
the immediate sphere of their Constitutional duties. ship iS under charter, operated or controlled by any
Furthermore, there was an element of absurdity in person or company which is doing business in violathe suggestion that where two nations differed dia- tion of the provisions of the Act of Congress approved
metrically as to construction of a treaty, one of July 2 1890."
them should be invited to submit its case to the
An element of absurdity enters into this last proarbitrament of the courts of the other ration. As for vision, and it is certainly one of those amendments
a declaration in the law that Congress did not mean whose future possibilities or complications are never
to impair the treaty, such declaration certainly could easy to foresee. The amendment to the Inter-State
not altey the facts of the case, either for better or worse. Act will clearly call for careful discrimination in its
The bill passed the Conference Committee without interpretation by the Commerce Commission and the
the proviso suggested by the President, and was signed courts, in order to avoid wholly unwarranted interon Aug. 24. In his memorandum submitted with his ference with enterprises in no wise concerned with the
signature, Mr. Taft made his reply to the arguments Panama Canal. As for the free-ship section, there is a
against the bill. He described the treaty as "a very large portion of our people that will welcome
condit onal favored-nation treaty, the measure of that legislation as a great achievement; but even they
which, in the absence of express stipulation to that are forced, in the light of sound legislative practice
effect, is not what the country gives to its own na- and ordinary common sense, to admit that so fundationals, but the treatment it extends to other nations." mentally important a. reversal of the Government's
Further, the agreement was "not intended to limit past policy on a great economic question surely ought
or hamper the United States in the exercise of its sov- to have been enacted in some other form than as a
ereign power to deal with its own commerce, using its rider to a bill for operating the Panama Canal.
own canal, in whatsoever manner it saw fit." It has
In fact, these three amendments stand forth, to our
been objected to this argument that the scope of its mind, as striking examples of a thoroughly bad sysreasoning seemingly covers American vessels engaged tem. In their nature they resemble the familiar
in foreign trade as well as American vessels doing a riders attached from time to time to appropriation
coastwise business merely. In this respect it appears bills whereby important changes in regulations, even
to us that the President would have done better to of the army, the civil service or the currency, have
rest his case clearly upon the fact that coastwise traffic, been forcpd through Congress because they were infor the reasons already set forth, is in no wise com- corporated in a bill for public salaries, for public
petitive with English shipping, and that remission of buildings or for great public departments, which was
tolls in that direction cannot .be described as in any thrust on the consideration of Congress in the
last
respect discrimination against foreigners. We need crowded hours of the session, when legislators
were
not discuss that point here, however, as we have made weary and jaded, yet had to pass the
Appropriation
some remarks concerning it in our article on the bills before they could go home. It is
not at all im"Financial Situation" on a previous page.
probable that these special provisos in tho Panama
AUG. 31. 1912.]
THE CHRONICLE
Canal bill will require amendment in the future—in
which case we shall be placed in the absurd position
of having to amend the bill for administration of the
Panama Canal in case we wish to modify our laws for
admission of free material for ships, or for joint ownership of railway and water transportation lines in any
section of the country.
It is a matter for congratulation that the essential
provisions for the Panama Canal have now been
enacted into law. But it is certainly a matter for
regret that the measure should have been enacted
in such a way that this chapter in the history of an
epoch-making enterprise will call up unpleasant
rather than agreeable recollections. Perhaps one may
say that the episode as a whole is a lesson to Congress
and the people,on the question how not to do it when
legislation is before them.
CANADIAN PACIFIC'S MARVELOUS GROWTH
AND EXPANSION.
With each succeeding year the Canadian's Pacific's
phenomenal record of growth is becoming more noteworthy. It is but seven years since we pointed out
that the company's aggregate gross revenues had for
the first time reached fifty million dollars, the total
of the gross for the twelve months ending June 30
1905 having amounted to $50,481,882. A' year ago
we noted that the $100,000,000 mark in gross earnings
had been passed, the total of the gross for the twelve
months ending June 30 1911 having reached $104,167,808. Now we have the annual report for twelve
months later, and find that the gross earnings for the
fiscal year 1911-12 aggregated no less than $123,319,541. The further addition in the late year alone has
been, it will be seen, over $19,000,000, or in excess of
18%, while during the last seven years the addition
to gross earnings has been almost $73,000,000, or
nearly 150%. Whereas in 1905 it was deemed remarkable that the gross should have got up to $50,000,000, now the net earnings from operations are fast
approaching the same figUre—and this, too, notwithstanding that operating expenses on Canadian toads
are rising the same as on United States roads, though,
obviously, the circumstance has hot the same significance in the Dominion as it has in this country,in view
of the prodigious expansion of the gross revenues.
With a further increase in net earnings in the late year
of over 63' million dollars, the total of the Canadian
Pacific's net from railroad operations reached $43,298,243 and the earnings of the steamship lines raised
the amount still further to $44,402,691. As against
this splendid total of net revenues, the fixed charges
amounted to no mere than $10,524,937.
In this phenomenal record of the Canadian Pacific
we see reflected the growth and expansion of the
Dominion itself. Canada is now and for many years
past has been enjoying wonderful prosperity. At a
time when the United States has been encountering
numerous reverses and setbacks in trade—some of them
of serious proportions—Canada has been making
steady advance and achieving further and still further
growth. There have been occasional halts in the
Dominion, but they have been halts only,and the forward movement has not at any time been seriously interrupted. The political policies pursued in the two
countries have been widely different and the results
have also been different. As ye sow, so shall ye
reap, and in this country the politicians have done
everything to hamper industrial development. On
the other side of the Canadian border nothing has
513
been left undone to foster industrial growth. The
railroads have had free play and been encouraged to
build branches and extensions, it being recognized that
added transportation facilities were an indispensable
prerequisite of national growth and progress. Government aid has been extended in various ways, so as
to insure the building of new mileage. Forty years
ago the same policy was pursued in the United States,
but now all this has been changed here. The railroads
are treated as if they were a bar to trade advancement,
and a Government commission is regulating all their
activities, thereby endangering the stability of their
income and impairing their credit. On the other
hand, far-sighted men are directing national affairs in
Canada, and far-sighted men are also in control of the
administration of her railroads. This last is well illustrated in the case of the Canadian Pacific. Business
has been growing so fast, as is indicated by the rise in
earnings in seven years from $50,000,000 to $123,000,000,that it needed very wise planning to take ,care
of the tremendous increase. But the Canadian Pacific
management have never been found wanting. They
have made enormous new capital expenditures from
year to year, and—thanks to the wise Government
policy pursued and the confidence which the management of the property has inspired—they have never
had any difficulty in raising all the money the company needed.
We doubt that many persons appreciate the magnitude of the company's traffic or realize how fast it is
increasing. In the year under review the 'Amber of
tons of freight carried reached 25,940,238 tons. This
compares with 22,536,214 tons in 1911, 20,551,368
tons in 1910 and 16,549,616 tons in 1909. Thus, in
three years there has been an addition of over 50% in
the total of the freight traffic—that is, from 16,549,616
tons to 25,940,238 tons. In the year under review
this great railroad system moved over ten billion tons
of revenue freight one mile and in three years this
tonnage movement one mile has increased from
6,372,269,174 to 10,391,650,965. Adding freight
moved for the company's own use, the number of tons
Of freight caned one mile in the late year reached the
prodigious total of 11,796,312,174, which was almost
30% more than in the year immediately preceding.
All classes of freight have shared in the increase. In
three years the lumber traffic has grown over 1,000,000,000 feet, rising from 1,726,944,584 feet in 1909 to
2,806,735,006 feet in 1912. In the same three years
the flour traffic has risen from 6,683,354 barrels to
8,459,850 barrels, the number of bushels of grain
moved from 97,236,150 bushels to 151,731,691 bushels,
the traffic in manufactured articles from 4,425,241
tons to 7,196,225 tons and the tonnage in merchandise
and miscellaneous articles from 5,916,248 tons to
9,092,821 tons. The passenger traffic has in like
manner recorded striking Apansion, the number
of passengers carried one mile having increased over
50% in three years—rising from 1,071,149,528 to
1,626,577,067.
With it all, the management is able to show increasing efficiency of operations. One would hardly
deem it possible to make much of a record in the way
of train-loads, with traffic expanding so fast and with
much new mileage added from year to year through
new sections of country yielding only a thin traffic.
As a matter of fact, however, after a small loss in
train-load in 1911, the lading of the trains in the late
year was strikingly enlarged. Including company
freight the average train-load for 1912 was 431 tons, as
514
THE CHRONILCE
[VoL. Lxxxxv.
' against 389 tons in 1911 and 390 tons in 1910. An- proceeds of the $18,000,000 stock at 150 will be
other circumstance deserves to be noted. The com- $27,000,000, and up to June 30 1912 $16,806,621 had
pany's tremendous earnings are obtained from very low been received on subscriptions to the same.
a,ver4e rates. The company realizes only a trifle.over
As already noted, the new capital requirements
Y of a'cent per ton per mile on its entire freight ton- in a growing system of the magnitude of the
i
nage. In the year under review the exact figure was Canadian• Pacific are of enormous proportions.
7.72 mills per ton: per mile. A great part of the freight A paragraph in the report tells us that the amounts
traffic of the system has to be hauled long distances appropriated for new works, exclusive of railway
to Market and low average rates are therefore indis- construction, were abnormally large in the year under
pensable.
review. It is stated that "for the enlargement of terThe relation of net income to charges and dividends is minals, additional buildings, shops, second tracks,
,
each year becoming more favorable. The company is sidings and improvements of every variety calculated
paying 10% dividends a year on the ordinary shares
- to improve the efficiency of your railway system, and
7% coming out of 'operations and 3% out of interest. to facilitate the movement of your large and increasing
on land sales and 'income from investments. The traffic, the amount of $30,000,000 was authorized to
report shows that in 1Q11-12 there was a surplus from be expended, and orders for locomotives and cars
operations, after providing for expenses and fixed representing an expenditure of $25,750,000 were
charges,in amount • of no less than $33,877,754. Out placed." Many ot these works, it is pointed out,
Of this,$1,000,000 was set aside and transferred to the cannot be completed within the season, with the limited
steamship replacement account and $125,000 was amount of labor available, but the directors, it is
contributed to the employees' pension fund. After declared, are sparing no efforts to meet the convenience
these deductions there still remained $32,752,754. of the public and to strengthen the company's position.
The 4% dividends on the preference shares took
The construction expenditures on acquired and
$2,592,235 and the 7% dividends on the $180,000,000 branch lines during the twelve months were $7,686,609.
of ordinary stock called for $12,600m0. Hence theie The expenditures on additions and improvements for
remained undivided profits above the requirements for the year were 814,967,264, with $3,732,509 more on
•the 7% dividend in the'sum of $17,560,519, or almost leased and acquired lines, while a further $15,801,578
enough to pay 10% additional. These figures .do wasexpended on rolling stock,shops and machinery. In
not include the income from land sales and from in- addition to all this, $1,668,550 was spent on ocean,
vestments,which reached $5,158,585 additional for the lake and river steamships, $608,858 on the Ogden
twelve months. It is out of that income that 3% shops at Calgary and $4,545,700 for new securities
dividends are paid on the ordinary shares. This in- acquired. But with the aid of the large surplus of income is now shown in a separate statement and, as come above the dividend requirements, and the proalready stated, the company includes in it the income ceeds ot the installments accruing on the subscription
..derived from the land department. It should he to the $18,000,000 new stock issue, the company was
clearly understood, however, that only the interest. on able to maintain its holdings of cash at nearly the same
the cash proceeds and on deferred payments for land large figure as remained at the end of the preceding
sold is counted. The principal amount of the sales, fiscal year. In other words, on June 30 1912 cash on
which reach an enormous aggregate yearly and which hand stood at $33,628,819, as against $34,371,551 on
for the late year were $14,308,062 ($8,279,537 being June 30 1911.
the net proceeds of the late year's sales and $6,028,525
It always seems interesting, in reviewing the annual
being the collection of deferred payments on account report of this gigantic and prosperous railroad system,
of previous years' sales) is not taken into the income to make reference to the large amount of money which
account at all.
has gone into this property from time to time in one
If we add the special income for the twelve months shape or another, and against which no capital obligaof $5,158,585 to the surplus on the operations of the tions have been issued or are to-day outstanding.
railway and steamship lines, amounting to $32,752,754, Accordingly, we advert again to the subject to-day,
we have available profits for the year in the sum of and as a matter of fact the figures become more im$37,911,339. The call for the dividends on the prefer- pressive with each succeeding year. We may repeat,
ence stocks was only $2,592,235 and the call for the too, that inspection of the balance sheet no longer
10% dividend on the ordinary shares was $18,000,000, suffices to indicate the enormous amounts of'surplus
over and above which a surplus remained of $17,319,- earnings and donations from various sources which
104. In other words, after paying 10% dividends, an have gone into the property to provide for its extension
amount remained on the transactions of the twelve and development. Seven years ago the balance sheet
• months almost large enough to pay another 10% on was reconstructed in an important particular. The
the ordinary shares. That is the result, too, after item of "cash subsidy from Dominion and Provincial
the contribution of $1,000,000 out of earnings to the Governments and Municipalities," and so much of the
steamship replacement account- and a contribution proceeds of land sales as had been applied on construcof $125,000 to the employees' pension fund. Stating tion and equipment account, were transferred from
the situation in a nutshell, the company in the late the credit side of the balance sheet, where they
had
twelve months earned considerably over 20% on its previously appeared, to the other side of the
account,
common stock.
and applied in reduction of thp item "Cost of Railway
The foregoing computations are based on $180,000,- and Equipment." The proceeds of land sales
ex000 of ordinary stock. Last February shareholders pended in construction aggregated at that time
were allowed to subscribe for $18,000,000 new stock at $36,193,521 and the subsidies and bonuses
received
150, payable in five equal installments on Feb. 13, amounted to $30,752,195 more, making $66,945,716
April 12, June 14, Aug. 16 and Oct. 18. This new together. Adding to this the $30,429,779 of
accumustock will share in dividends for the quarter ending lated income or premium from new stock issues approDec. 31 1912, and after it has been issued the out- priated the last seven years on account of additions
and
standing amount of stock will be $198,000,000. The improvements, also the $72,885,966 of accumulated
AUG. 31 1912.]
THE CHRONICLE
surplus still standing on the books June 30 1912, likewise the $57,538,308 of income from the land department, we get a grand total of over 227 million dollars
($227,799,769), representing money that has actually
gone into the property or will ultimately become
available for the improvement of its physical and
financial standing. In addition the company owns
6,660,581 acres of unsold land in Manitoba, Saskatchewan and Alberta (average sales the past year $15 99
per acre) and 4,395,948 acres in British Columbia. As
these unsold lands are disposed of, there will be corresponding contributions to the available assets in
the future.
SOUTH AMERICAN PROGRESS.
With all the manufacturing nations of the world
seeking to extend their outlets for their various products, it is only natural that efforts in that direction
should be chiefly concentrated upon those countries
that would seem to offer greatest opportunities for
trade development. It is not surprising, therefore,
that now, as for some time past, all eyes should be
upon the various South American republics as being
the most fruitful field for legitimate exploitation, and
more particularly as in no important sense can any,
of them be called manufacturing nations. Brazil, it is
true, raises cotton and turns some of it into goods,
but nevertheless imports a greater volume of cotton
manufactures (mainly from England) than its mills
produce. The fact of the matter is that attention, in
the countries south of us, is being mainly directed
toward the development of their natural resources as
holding out promises of the most satisfactory results,
and immigration is largely assisting in the work. But
with the opening up of new territory to the cultivation
of wheat, corn, &c., comes the need not only of agricultural implements but of many other articles that
an increasing population requires, and these the varimis
manufacturing nations are all eager to furnish.
It would be futile, of course, largely to increase the
volume of agricultural products of a country lacking a
market for the surplus not required for home consumption; such would be the situation in South America,
with only the old and primitive means of freighting to
depend upon, since the most fertile agricultural districts are quite generally remote from the seaboard.
But the steady extension of rail transportation facilities
has largely overcome difficulties encountered thus far,
while construction work-in progress already provided
for or in contemplation should encourage much further agricultural expansion. We have referred on a
number of occasions in the last two or three years to
the important extension of transportation facilities in
progress in South America, but even since we last
wrote on the subject (May 4 1912) much has been
accomplished, and still more is promised.
Argentina,,it is not too much to say, has made marvelous progress of late years, and largely by providing
increasing means of transportation. Most recent advices indicate that the Nahuel Huapi Ry., with extensions across the Andes, is well advanced on the Argentine side, and work will likely be completed before
1914. Another Trans-Andean railway to extend from
Port San Antonio, Argentina, to Valdivia, Chili, has
been reported upon favorably by the surveyors, and
the road is quite sure to be constructed, the Nahuel
Huapi Ry. to be used for about 300 miles. A series of
railways is to be built to serve districts in the Departments of Oran, Ridavia and Arita, outside of the range
of the national railways, construction and equipment
515
being provided for by taxation extending over twentyfive or thirty years. A road is being built from Rosario
to Mendoza,667 miles, to cost 50 million dollars, United
States currency,funds for 31 miles having already been
provided. The Entre Rios Government is reported to
have made financial arrangements to build a network
of railways throughout the Province. The Santa Fe
Ry. has completed plans to add 434 miles to the 1,085
miles already in operation, and the Buenos Ayres
Pacific Ry. has opened a new line between Justo
Daract and La Paz, shortening •the trans-Andean
route. Combining the Government lines and those
privately owned, there is now in operation in the
republic a total of about 20,000 miles of railway, or
nearly double the mileage of 1900. Now announcement is made from Paris of the formation of a company, with ample financial backing of English, Continental and American capitalists, to build and operate
railways in Northern Argentina particularly in the.
:
provinces of Entre Rios and Corrientes. More extended reference to the subject will be found in our investment news columns in the "Chronicle" of Aug. 24,
page 480.
Aside from the various rail routes, considerable has
been done recently in increasing communication by
water with foreign countries. A fortnightly service
was inaugurated in June between Liverpool, Rio de
Janeiro and Buenos Ayres; the following month direct
communication between New Orleans, Brazil and
Argentina was started, and in October a French line
from Bordeaux to Brazil and the River Plate will
begin operations with two 22,000-ton steamers. In
passing, we note that the population of Buenos Ayres
Ayres, which in 1905 was stated as a little over a
million, was estimated April 31 as 1,376,511. As an
assistance to agriculture, we learn that irrigation dams
are now in course of construction at various places in
Argentina, and that further work has been or is being
planned.
From ParagUay late advices are to the effect that
the Paraguay Central Ry.'s extension to the Argentine
border has been completed. Furthermore, it is proposed to construct a road (the Paraguay Northeastern
Ry.) from Asuncion northeasterly to the ParaguayBrazil frontier, there to connect with the Transcontinental Brazilian line, which in turn joins the main
Brazilian system at Itapetininga.
Bolivia, as was pointed out by us on May 4, is doing
much in railroad building and thus fostering the development of her agricultural resources. We learn
that the road from Potosi to Rio Mulato, a distance of
108 miles, was officially opened on May 14, and an extension from Potosi to Sucre, 105 miles, is now being
considered. As regards this road, it is stated that
at one point it reaches an altitude of about 16,000 feet,
said to be the highest in the world. This road, as well
as that to Cochabamba, now in course of construction,
is part of what is known as the Speyer concession,
which also covers a line from La Paz into the Yungas
Valley, 124 miles. The Arica (Chili) La Paz Ry. is
rapidly approaching completion and is expected to be
opened for traffic shortly, and work is apparently progressing on some of the various links in the line covering a rail and water route from the Pacific to the
Atlantic, to which we referred in May.
Following excellent progress in construction in 1911,
which included the laying of rails on about one-half
of the 1,580 miles covered by the 20 lines being built,
railroad building in Chili has been pushed less rapidly
in 1912, owing to a shortage of Government funds.
'
516
THE CHRONICLE
iVoL. Lxxxxv.
'Several of the roads, however, are expected to be corn- rich cotton and sugar lands as well as grazing country,
'pleted. and opened for traffic before the close of the which it should assist materially to develop. Another
•cturent year. • It is officially stated that the Chilian road under construction in the Huancayo-Ayacucho• Government was operating 1,979 miles of railway:at the Cuzco Ry., to be 497 miles in length, passing through
'close of 1911, and.had 1,628 miles under construction, rich mining districts and connecting the Central Ry.
to be completed within three years. Private rail- with the Southern Ry., as well as more than half comways in operation covered 1,973 miles, and there were pleting the Peruvian section of the Intercontinental Ry.
The foregoing comprises practically all the informaconcessions covering 200 miles more. Consequently
there were, all told, 3,952 miles in operation, 1,828 miles tion that has recently come to hand relating to the exunder construction and 150 miles on which work was tension of transportation facilities in South America,
shortly to begin. One of the roads being built and but enough is there outlined to show that all the vari'connecting the agricultural portion of the country ous countries are alive to the fact that without modern
with the nitrate districts of Iquique, Taltal and Anto- means of communication no important development
fagasta, will, it is stated, be opened by the close of of their resources can be expected. The topography
- 1913. Consul Alfred E. Winslow now reports from of Venezuela, Ecuador and Columbia, of course, does
• Valparaiso that the Chilian Government has under not lend itself easily to railroad building, but there
consideration the construction of the connecting links much is being done in the construction of wagon roads,
covering 438 miles in a through coast line of 608 so that motor vehicles can be utilized in carrying
miles, reaching from Valparaiso southerly to Nueva merchandise to and from the ports or railroad terminii.
Imperial. The Chilian Government is reported to
have received a proposal from a European syndicate
RAILROAD GROSS AND NET EARNINGS
,to establish a steamship line of at least 12 vessels of
FOR THE HALF-YEAR.
9,000 tons capacity each to ply between the ports of
We present on subsequent pages elaborate comChili and Europe, and the Government has been re- pilations showing the gross and net earnings of United
quested to guarantee 5% interest on the capital in- States railroads for the half-year ending June 30 1912.
'vested, which is not to be less than £1,000,000.
They furnish a striking commentafy on the adverse
Uruguay is taking steps not only to increase its conditions under which railroad operations are now
• railway mileage, but to encourage immigration into carried on, with wages on a higher basis and everythe country. Under a law lately enacted provision thing else entering into the operating accounts of the
is made for the construction of railways out of a special railroads advancing in price. The general results for
fund by the State, enforcement of the law being placed the six months may be summed ; up by saying that
in the hands of the President of the Republic. As re- while gross earnings, as compared with the first half
gards immigration, the law at present in force acts of 1911, increased $56. 349,506, the augmentation in
,
to encourage the ingress of plantation labor, as it expenses reached $58,386,983, so that in the net earnmakes generous provisions forladvancing passage ings there was actually a small loss7---$2,037,477---in
• money and other necessary expenses while in transit face of the gain in the gross revenues..
to Uruguay, providing the owners of plantations guar
Increase or Decrease
antee to make refund.
January Ito June 30.
1912.
1911.
(467 roads.)
Amount.
%
The most recent news-from Peru bearing upon the
237,698
233,249
+4,449 1.91
has to do with the construction of Miles of road
railway situation
8
8
$
Gross earnings
1,365,355,859 1,309,000,353 +56,349,506 4.30
the Amazon-Pacific, or so-called Ucayali Ry., the Operating expenses
991,986,688 933,598,705 +58,386,983 6.25
modified concession for the building of which was Net earnings
313,370 171 375,407,648 —2,037,477 0.55
signed by President Leguia of the Republic on March 8.
This year's rise in expenses derives additional sigThe road, intended to connect Lima with:Iquitos, will
extend 270 miles from Goyllarisquisca, terminus of the nificance from the fact that it marks the continuation
Cerro de Pasco Ry. via Huanuco to Pucalpa on the of a movement which has been in progress for many
Ucayali River, from which point steamers will run years, and which makes the lot of the ordinary railto Iquitos, connecting with7ocean-going vessels. The road manager, striving to produce good income returns,
concession includes the right to extend the road 190 a very trying one. In discussing the results for the
miles from Cerro de Pasco to the Pacific Coast. Five first six months of the previous year, we had occasion
years are allowed for construction of both branches, to point out that the figures even then emphasized,
which are to pass into the hands of the Government above everything else, the rising cost of operations.
after the concessionaire has operated them 25 years, For we found that while there had been a shrinkage
6% on the estimated cost of $10,000,000 being in the in those six months (as compared with the first half
meantime guaranteed. The road will open up to direct of 1910) of $28,958,798 in gross, it had been found
communication the extensive and rich territory of the possible to reduce expenses no more than $3,241,421,
eastern part of Peru, and, it is stated, should be com- leaving, hence, a loss of $25,717,377 in net. In the first
pleted by the time the Panama Canal is officially half of 1910 the showing was much the same. Busiopened to traffic and will enable direct shipments to ness was active then and gross earnings for the six
be made from the United States to the Amazon region months made a gain of no less than $179,089,522. But
via the Canal, the, Pacific and Callao, tending to greatly of this, augmented expenses consumed $142,271,707,
increase the commercial importance of the port. leaving an increase in net of only $36,817,815. In
Another railway to be built, for which the Peruvian 1909 the showing was mucli better. The railCorporation, Ltd., has definite authorization, is to roads were recovering part of the large loss in gross
extend from Trujillo to Salpo and Queruvilca, and earnings sustained after the panic of 1907,but were still
two years has been allowed for its construction. The practicing rigid economy in every direction; as a conNorth Western Ry. of Peru, which runs from Ancon sequence, in the six months of that year there was a
along the Pacific Coast to Huacho, and thence inland gain of $120,332,208 in gross and of $76,640,239 in net.
,to Sayan at the foot of the Andes, a distance of about But this succeeded tremendous losses in 1908,the latter
1301miles, has very lately been completed. It taps being the period of industrial depression following the
AUG. 31
1912]
THE C IRONICLE
517
All things considered, the addition to gross revenues
panic of 1907. At that time large numbers of roads
tor the half-year of 1912 was as good as could reasonwithheld their figures, the returns being so very bad.
d. Net results, on the other hand, ,
Accordingly our compilations then embraced an aggre- ably be expecte
as we have already seen, leave much to be desired.
gate of only 168,839 miles of road reporting both gross
As far as the separate roads are concerned, there is
and net. On this mileage the loss in gross for the six
much irregularity in the character of the returns, as
months of 1908 aggregated $172,868,595. Over 30,000
d. The roads which last year sufmiles more of road, however, had made reports of gross might be expecte
and this year were especially adwithout furnishing the figures of net; hence in the case fered heavy losses
the recovery in general trade and the
of the gross alone we had a footing covering 202,172 vantaged by
and steel industry,are able to remiles on which the loss in gross reached no less than activity of the iron
improvement—usually in both gross
$197,085,791. That still left about 30,000 miles of port substantial
coal carriers, on the other hand,
road unrepresented, and careful computation which and net. Anthracite
ed heavy losses by reason of the suspension
we made showed that for the whole railroad mileage have sustain
and May. The Harriman roads,
of the country the loss in gross must have reached of coal mining in April
that for the and particularly the Illinois Central, had the shop$235,000,000. In the .net we estimated
to contend against and also suffered from
full.railroad mileage the amount of the loss then must men's strike
the overflow of the Mississippi River. Many Western
have been about $85,000,000.
year, roads were adversely affected in the early weeks of the L. Going back to 1907,1prior to the panic of that
were year by the extremely cold weather prevailing, and
we find that at that time, too, rising expenses
t systems in various parts of the country
the most pronounced feature of the returns. For, many differen
half reveal in a striking way the advancing tendency of
while the addition to gross revenues in the first
s. An exception to the rule is found
of that year, according to the roads making returns, operating expense
i Pacific, which, under new
was $114,656,528, the increase in net was no more in the case of the Missour
development of more efficient
than $19,273,550. In the following we furnish the management and the
$3,817,164_increase in net
half-yearly comparisons back to 1897. We give the methods, is able to report
34 increase in gross.
results just as registered by our tables each year,and on only $748,4
The Bur ington & Quincy, with $741,423 increase
it should be borne in mind that in 1908 and prior years
was in gross, has $2,290,306 decrease in net; the Milwaukee
a portion of the railroad mileage of the country
combined with its Puget Sound line,
always unrepresented in the totals, owing to the re- & St. Paul,
$1,030,461 addition to gross, falls
fusal of some of the roads in those days to furnish though having
$1,446,846 behind in net, and the Chicago & North
monthly figures for publication.
Western, with $100,155 increase in gross, loses $751,Net Earnings.
Gross Earnings.
444 in net. The Illinois Central has $1,109,482 deYear
Increase or
Year
Year
Increase or
Year
Year •
crease in gross and $3,258,989 decrease in net; the
Preceding. Decrease.
Given.
Decrease.
Preceding.
Given.
—
—
Southern Pacific, with $868,436 increase in gross, has
Jan. Ito June 30.
$
$
$
$
$
$
8 +5,632,002
3 decrease in net, and the Union Pacific has
1897 405,003,731 407,164,468 —2,160,737 121,059.320 115,427,312 +17,690.035 $681,30
1898 460,528,130 410,596,441 +49,931,681 139,585,717 121,895,68 5 +10.053,539
reduction of $218,794 in gross and of
140,545,53
1899 489,509,765 461,993,058 +27,516,70i 150,599,074 155,591.468 4-25,126,969 sustained a
1900 577,149,664 506,366,345 +70,783,311 180,718.437
80 $1,799,780 in net. The Atchison has done well, with
0 +06,723,1
1901 638,334,794 580,421,950 +57.912,838 06,218,320 179,495,147 +7,722,906
1902 670,398,926 631,494,280 +38,904,646 109,973,703 102,250,796 +19,767,230
and $1,954,074 gain in net,
1903 727,932,367 637.699,839 +90,232,528 118,024.056 198,256,82 0 —25,349.873 $2,013,013 gain in gross
124,157,42
1904 731,774,531 744,860,135 —13,085,604 198,807,547 115,417,468 -1-18,916,342
Northern has $3,131,952 increase in
,
5,'34,333,810
1905 847,334,204 790,321,750 +57,012,4 172,101,047 126.345,855 +45,755,192 and the Great
1906 923,554,268 815,486,025 4-108,068,243 '80,697,491 161,423.946 4-19,273,550
in net. On the Northern
1907 999,082,691 884,426,163 4-114,656,528 '31.254,071194,738,973 —63,484,902 gross and $2,104,231 increase
1908 863,860,965 1036,729,560 —172,868,59.5 371,591,341 '94,051,102 +76,640,239
ly slight—$509,897
1909 1172,185,403 1051,853.1951+120,332,208 108,380,483 371,562,668 +36,817,815 Pacific the changes are relative
1910 1351,570,837 1172,481,315 4-179,089,52f 178,852,053 104,569,430 —25,717,377
n to net.
1911 1310,580,70 1339.539,563 —28,958,708 173,370,171 375,407,648 -- 2,037,477 addition to gross and $280,322 additio
1912 1365,355,85 1303.006,353 +56,389.506
3 improvement in
The Texas &Pacific, with $834,19
170; In 1898, 179; in
Note.—In 1897 the number of roads Included in the total is 159; in 1904, 136; in
gross, has a decrease of $226,083 in net, and the St.
In 1900, 170; In 1901, 172; in 1902, 154; in 1003,
1899,165;
represented was
1905, 148; In 1906, 143; in 1907, 148: In 1008 the number of miles 1912, 237.698.
co has $489,102 decrease in gross
168,839; in 1009, 233,902: in 1910, 239,652; In 1911, 241,923; in anthracite coal Louis & San Francis
roads nor the coal-mining operations of the
Neither the Mexican
2 decrease in net. The Rock Island sysand $906,19
roads are included in any of these totals.
of $1,392,516 in gross but of only
The increase of $56,349,506 the present year, while tem has a loss
Southern roads have felt the influence
very substantial in amount, is relatively not as large $29,879 in net.
s perhaps more generally than any
as might be supposed, since we are dealing with totals of rising expense
The Southern Railway, while
exceeding $1,300,000,000. In ratio it is butlittle over other class of roads.
751 to gross, is able to show only
4%—in exact figures, 4.30%. Furthermore, in part having added $2,040,
in net. The Atlantic Coast
the increase is simply-a recovery of what was lost in $86,882 improvement
6 gain in gross,reports $537,048 loss
1911. The improvement follows mainly from the Line, with $967,50
rd Air Line, while $241,477 ahead
greater activity of general trade and the revival of the in net, and the Seaboa
favor- in gross, falls $631,234 behind in net. The Louisville
iron and steel industry. But as against these
of $1,839,757 gain in gross,has maning influences there were also some of the opposite & Nashville, out
for the net.
nature. In our issue of Aug. 10 1912 we treated at aged to save $535,810
lines, the Pennsylvania Railroad
Among the trunk
length of the traffic and business conditions prevailing
and west of Pittsthe first half of 1912, and will only say here on the lines directly operated east
during
reports $13,771,516 increase in gross but only
that the anthracite coal roads suffered serious re- burgh
increase in net. Last year the same lines*
ductions of revenue as a consequence of the almost $2,503,474
$8,028,692 loss in gross and $2,577,509 loss in
complete suspension of mining during the month of showed
New.York Central, with $1,725,780 increase
April and the greater part of May,and that there was net. The
$35,052 in net. This follows, however,
also more or less suspension of mining over consider- in gross, loses
in gross and $629,712 gain in n t in
able proportions of the bituminous region in the Middle $1,793,480 gain
figures given relate to the New York
and Middle Western States. Furthermore, much 1911. The
s
Including the variou- auxiliary and
interruption of traffic on certain roads was occasioned Central proper.
a controlled roads, the whole going to form the New
the latter part of April and the beginning of May by
Central System, the result the present year is a
very extensive overflow , of the Mississippi River. York
518
THE CHRONICLE
gain of $7,816,644 in the gross and of $3,971,228 in the
net. Last year, on the other hand, the New York
Central System in these six months had a loss of $414,996 in gross And of $2,965,912 in the net. In the following we show all changes for the separate roads for
amounts in excess of $500,000, whether increases or
decreases, in both gross and net:
PRINCIPAL CHANGES IN GROSS EARNIN
GS FOR SIX MONTHS
Increases.
Increases.
Pennsylvania (3) ____y$13,771,516 Boston & Maine
*665,532
Baltimore de Ohio
4,523,313 Int Se Great Northern__ _
619.969
Great Northern
3,131,952 Virginian
584,599
Norfolk & Western
2,686,765 Clno N 0 &Tex Paolac
522,218
Minneap St P as S S M
2,574,629 Northern Pacific)
509,897
Lake Shore & Mich So
2,300,876 Bessemer & Lake Eric_ _ _
506,597
NY New Haven & Hart_ 2,181,8415
Southern
2,040,751
Representing 47 roads
Atoh Top & S (8)
2,013,013 in our compilation
$52,946,865
Elgin Joliet & Eastern__ 1,990,158
Decreases.
Louisville & Nashville__ 1,839,757 Lehigh Valley
$1,897,430
N Y Cent & Hud Riv.__ 61.725,780 Rook Island (2)
1,392,516
Chesapeake & Ohio
1,580,709 Illinois Central
1,109,482
Miehigan Central
1,177,978 Delaware Lack & West__ 1,094,037
Pittsburgh & Lake Brie_ 1.133,140 Wabash
940.525
Atlantic Coast Line
967,506 Yazoo & Miss Valley_ _ _ _
823,156
Southern Paola() (12)._ _
868,436 Erie (2)
635,285
Texas & Pacific
834,193 N Y Ontario dc Western_
567,691
Missouri Paolfio
748,434
Chicago Burl as Quincy_
741,420
Representing 10 roads
Chloago Milw & P Sd__ _
705.878 In our compilation
Note.
-All the figures in the above are on the basis of the $8,460.122
returns filed
with the Inter-State Commerce Commission.
returns do not show the total for any system, Where, however, these
we have
separate roads so as to make the results conform as nearly combined the
as possible to
those given In the statements furnished by the companies
themselves.
aThese figures cover merely the operations of the New
York Central
itself. Including the various auxiliary and controlled
roads,
Michigan Central. the Lake Shore, the "Big Pour", the "Nickellike the
Plate,"
&c., the whole going to form the New York Central System,
the result is
a gain of $7,816,644 in the gross and a gain of $3,971,228 In
the
pei
y These figures represent the lines directly operated east not.
and west Of
Pittsburgh, Eastern lines showing $6,704,434 increase
lines $7,087,082; for all lines owned, leased, operated and the Western
and controlled, the
result is a gain of $15,099,264.
rt PRINCIPAL CHANGES IN NET EARNINGS
FOR SIX MONTHS,
PI•
Increases.
Decrease:
Missouri Pacific (2)
$3,817,164 Illinois Central
$3,258,989
Pennsylvania (3)
152,503,474 Chicago Burl & Quincy
2,290,306
Great Northern
2,104,231 Lehigh Valley
2,157,029
Lake Shore & Mich So_ _ 2,082,001 Brie (2)
2,078,653
Atch Top & Santa Fe (8) 1,954,074 Chic MIINV
Ss St
Minneap St P & S SM__ _, 1,847,772 Union Pacific Paul_ __ _ 1,869,928
(3)
1,799,780
Boston dc Maine
1,314,024 Del Lack & West
1,769,446
Elgin Joliet do Eastern
1,105,467 Wabash
1,460,935
Michizan Central
1,085,625 Yazoo & Miss Valley_
1,225,800
NY New Haven & Hart_ 1,076,008 Philadelp
hia & Reading..
949,820
Baltimore as Ohio
1.007,691 Central of Now Jersey
931,336
Norfolk as Western
877,868 St Louis & San Fr (4)_
006,192
Chesapeake & Ohio
846,222 Chicago de North Western
751,444
Bessemer as Lake Erie
574,008 Southern Paciflo (12) _ __ _
681,303
Louisville & Nashville
535,810 Seaboard Air Line
631,234
Missouri Han & Tex (3)..
561,050
Representing 25 roads
Atlantlo Coast Line
537,048
In our compilation
$22,731,439
Representing 36 roads
in our compilations
$23,860,293
ii These figures represent the lines directly operated
Pittsburgh, the Eastern lines showing $1,834,533 Increaseeast and west of
and the Western
lines $668,941. For all lines owned, leased, operated
and controlled, the
result is a gain of $2,178,844.
[VOL. Lxxxxv.
there was a loss only in January, and this followed
largely as a result of the extremely cold weather experienced. In the net there was a falling off in April
and May as well as in January. April and May,it will
be recalled, were the months when coal mining was
suspended and also when the overflow of the Mississippi
was an adverse ihfluence. In March the addition to
net was hardly more than nominal in amount, but in
February the increase in net reached $8,275,149, one
reason for this doubtless being that 1912.is a leap year
and February therefore had an extra day.
Gross Earnings.
Mt/i.
1912.
1911.
Net Earnings.
Inc. or Dec. %
$
$
$
Jan _ 210,704,771213,145,078 -2,440,307
Feb__ 218,031,094 197,278,939 +20,752,151
Mch _ 237,564,33' 124,608,654 +12,955,675
Apr__ 220,678,465 216,140,214 +4,538,251
May _ 232,229,364 226,184,66C +6,044,695
June 243,226,498228,647,383 +14,579,111
1912.
1911.
inc. or Dec.
s
$
$
1.19 15,940,70€ 52,960,420 -7,019,714
10.5" 37,411,107 19,135,958 +8,275b149
5.77 -39,038,987 68,190,493 +848,494
2.11 57,060,871 33,888,490 -5,927,610
2.6766,035,597 68,488,263 -2,452,666
6.3516,223,73271,689,581 +4,534,151
Note.
-Percentage of increase or decrease in net for the above months has been:
Jan., 13.25% dec.; Feb., 16.84% inc.; March, 1.24% inc.; April, 9.28% dec.;
May,3.58% dec.; June, 6.32% Inc.
In January the length of road covered was 237,888 miles; in February, 237,082
miles; in March, 238,218 miles; in April, 236,722 miles; in May, 235,410
miles; in
June, 235,385 miles. EMMA
The totals for June in the foregoing differ, it will be
seen, from those given in the article in our issue of
Aug. 17. Since that article was published several
large systems which had been delinquent have filed
their June statetments, and we have accordingly revised our totals to include the same. We also reprint
our summary by groups for the month of June,revised
in the same way and tor the same reason.
SUMMARY BY GROUPS.
Gross Earnings
1912.
Ine.(+)or Dec.(-).
1911.
June$
$
%
Group 1(16 roads), New England__ _ _ 11,868,838 11,562,228
+306,610 .65
Group 2(85 roads), East & Middle _ _ 62,822,078 58,452,051 +4,370,027 2
7.48
(64 roads), Middle West
Group 3
35,533,813 31,661,345 +3,872,468 12.23
Groups 4 & 5(82 rds.), Southern
28,632,813 26,509,763 +2,123,050 8.01
Groups 6 & 7(76 rds.), Northwest..
54,242,777 51,515,987 +2,726,790 5.29
Groups 8 & 9(95 rds.), Southwest_
36,152,482 35,122,284 +1,030,198 2.93
Group 10(40 roads), Pacific Coast.. _
+149,972 1.09
13,973,697 13,823,725
Section or Group.
Total (458 roads)
1912.
Group No. 1
Group No. 2
Grout) No. 3
Groups Nos. 4 & 5
Groups Nos.6 & 7._
Groups Nos.8 & 9
Group No. 10
1911.
7,638
26,527
25,420
38,862
64,995
55,849
16,094
7,575
26,355
24,897
37,693
64,253
54,487
15,634
243,226,498 228,647,383 +14,579,115 6.38
Net Earnings
Inc.(+)or Dec.(-).
1912.
1911.
$
$
8
3,666,999 3,243,116
+423,883.•13.07
21,262,626 18,927,282 +2,335,344 12.34
11,001,442 9,570,307 +1,431,135 14.95
7,777,989
+286,662 3.84
7,491,327
16,519,066 17,660,213 -1,149,247 6.50
10,258,795 8,826,797 +1,431,098 16.22
5,735,915 5,961,539
-225,624 3.78
Arranging the roads in groups or geographical
divisions, it is found that all of the divisions record increases in gross but three of the seven divisions have Total
235,385 230,894 76,223,732 71,689,581 +4,534,151 0.32
We now give our detailed statement for the halflosses in net. This last is the more noteworthy
in
view of the fact that the previous year every geo- year.. It shows the result for each road separately
graphical division without any exception recorde in all the groups.
d EARNINGS OF UNITED STATES RAILWAYS JAN. 1 TO JUNE 30.
diminishing net.
Gross
Net
Group I.
SUMMARY BY GROUPS.
Gross Earnings
Jan. I to June 30.
1912.
1911.
Inc.(+) or Dec.(-)
Section or Group
8
Group 1(15 roads). New England... 66,902,029
63,512,145 +3,389,884 5.33
Group 2(85 roads), Fast & Middle.. 336,795,629 325,539,19
4 +11,256,435 3.46
Group 3(05 roads), Middle West.. _ 190,817,999
Groups 4 & 5(88 roads), Southern _ 186,501,106 176,376,444 +14,441,555 8.18
174,890,256 +11,610,850 6.64
Groups 6 & 7(76 roads), Northwest. 291,301,82
Groups 8 & 9(95 roads),Southwest. 213,240,039 282,228,256 +9,073,573 3.22
7
Group 10(42 roads), Pacific Coast.. _ 79,707,230 209,506,483 +3,733,554 1.78
76,953,575 +2,843,655 3.70
Total (467 roads)
1,365,355,859 1,309.006,353 +56,349,506 4.30
Nee Earnings
1912.
1911. Inc.(+)orDec.(-)
1912. 1911.
Group No. 1
7,782 7,740 18,404,338 16,188,501 +2,215,837 13.69
Group No. 2
26,536 26,305 91,853,287 97,070,001 -5,216,714
5.38
Grotto No. 3
25,651 25,131 46,301,930
Groups Nos. 4 I, 5 40,136 38,983 52,815,421 42,490,445 +3,811,485 8.99
53,510,405
Groups Nos. 6 & 7 66,019 65,202 79,068,854 84,218,779 -694,984 1.30
-5,149,925 6.12
Groups Nos. 8 & 9 55,348 54,120 54,288,070 52,766,101
+1,521,96
Group No. 10
16,226 15,768 30,038,271 29,163,416 +1,474,859 2.88
5 5.05
Total
237,698 233,249 373,370,171 375,407,648 -2,037,477
0.55
NOTE.
--Group I. includes all of the New England States.
Group II. includes all of New York and Pennsylvania except that
portion west
of Pittsburgh and Buffalo: also all of New Jersey, Delaware and Maryland,
and the
extreme northern portion of West Virginia.
Group ///. includes all of Ohio and Indiana:
Michigan except the northern
nentogula, and that portion of New York andall of
Pennsylvania west of Buffalo and
Gro 207 /V. and V. combined include the Southern States south of the
Ohio and
east* of the Mississippi River.
Groups VI. and VII, combined include
northern
Minnesota, Wisconsin. Iowa and Illinois: the of South peninsula of Michigan: all of
all
Dakota and North Dakota,
and Missouri north of St. Louis and Kansas City; also all of Montana,
Wyoming
and Nebraska, together with Colorado north of a line parallel to the State
line
passing through Denver.
Grours
end /X. combined include all of Kansas, Oklahoma,
Arkansas and
Indian To Titory: Missouri south of St. Louis and Kansas City; Colorado
Denver. 211 whole of Texas and the bulk of Louisiana; and that portionsouth of
of New
Mexico S th of a line running from the northwest corner of
Banta Fe a east of a line running from Santa Fe to El Paso. the State through
Group A. Includes all of Washington. Oregon, Idaho, California, Nevada,
Utah,
and A iZ01321, and the western part of New Mexico.
Thi year's loss in net for the half-year extended
also t3 many of the separate months. In the gross
New England.
Atlantic &St Lawr_
Bangor & Aroostook
Boston & Maine
Can Pac lines in Me..
Central Vermont_ __
Maine Central
NYNH& Hartford
Rutland
8 other roads
1912.
1911.
1912.
3
$
48,463
709,369
808,221
1,674,608
589,833
1,675,755
21,950,832 21,285,300 4,049,739
836,164
703,155 def16,037
392,360
1,961,861
1,940,060
1,261,327
5,043,447 4,769,642
31,970,061 29,788,212 10,609,367
1,617,284
348,410
1,573,827
1,046,171
1,060,205
220,876
Total (16 roads)_ 66,902,029 63,512,145
•
Gross
Group II.
1912.
1911.
East dt Micklle.
Baltimore & Ohio__ 45,671,939 41,148,626
Buff & Susq
786,579
911,309
Buff & Susq fly_ _
261,718
278,491
Buff Roch & Pitts_ 4,681,280 4,197,162
Central New Eng.... 1,749,853
1,607,775
Cumberland & Penn
466,909
436,908
Delaware de Hudson 10,109,012 10,224,009
Del Lack & West._ 16,318,209 17,412,246
Sussex
71,546
82,688
Syrac Bing & N Y
576,704
523.441
22,697,275 23,242,791
Erie
Chicago & Erie
-See Group III.
Fonda Johns & Glox
434,770
449,567
Hunt & Bd Top Mtn
311,770
262,020
Lack & Wyom Vail
275.506
288,109
Lehigh & Hud Rh'..
823,080
741,735
Lehigh & New Eng..
428,533
423,271
Lehigh Valley
17,075,937 18,973,367
Monongahela Conn..
486.437
375,370
New Jer & N Y..
386,670
368,364
N Y C & Hud Riv 50,025,794 48,300,014
Ottawa_ _ .._
N Y&
102,698
85,211
St Law & Adiron_ _
343,379
350,853
For Lines west of Buffalo see Group III.
N Y Ont & West_
3,750,610 4,318,301
N Y Susq & West
1,319,867
1,499,416
Pennsylvania-Lines east of Pitts. & Erie.
Pennsylvania RR_ 82,030,115 75,325,681
Bait & Spar Point..
55,101
37,886
Ches & At1
Balt
112,672
105,256
Cornwall & Leb
147,885
137,400
Cumberland Vail- 1,534,304
1,391,283
Long Island
4,918,067 4,683,394
Md Del & Virginia..
48,888
48,974
Monongahela ___ 760,058
573.568
N Y Philo dc Nod_ 1,696,145
1,598,447
1911.
Inc. or Dec.
def41,648
+90,111
654,050
-64,217
3,635,715 +1,314,024
95,470 -111,507
• 461,212
-68,852
1,288,270
-26,943
9,533,359 +1,076,008
303,836
+44,574
258,237
-37,361
18,404,338 16,188,501 +2,215,837
Net
1912.
1911.
Inc. or Dec.
8
$
13,021,191 12,013,500 +1,007,691
117,571
185,848
-68,277
def105,233
def69,664
-35,569
1,482,480
1,119,171 +363,309
863,991
673,380 +190,611
• 139,135
+38,603
100,532
3,372,977 3,742,131 -369,154
4,907,862 6,677,308 -1,769,446
-20,002
def200
19,802
-51,314
172,446
223,760
6,323,429 8,101,222 -1,777,793
203,509
236,875
-33,366
111,566
+28,021
139,587
121,762
-14,098
107,664
-5,543
277,678
272,135
1611,541
147,084
-18,957
7,524,196 -2,157,029
5,367,167
59,445
108,132
+48,687
143,980
128,801
-15,179
11,028,662 11,063,714
-35,052
def8,123
def3,323
+4,800
75,622
140,840
-65,218
623,141
443,118
1,114,015
660,781
-490,874
-217,663
21,494,799 19,660,266 +1,834,533
15,333
14,978
+355
9,560
• 17,692
-8,132
26,185
17,977 • +8,208
469,068
380,159
+88,909
957,937
856,577 +101,360
def19,090
def11,914
-7,176
410,797
292,913 +123,884
445,153
344,084 +101,069
--Gross
1912.
1911.
1912.
Group II.
-$
Pennsylvania (Con.)
459,748
Northern Central_ 6,010,602 6,207,802
Pennsylvania Term-See Groups IV & V.
1,739,527
& Wash 9,502,598 9,119,338
Phila Bait
53,663
68,327
107,278
Susq Bloom & Sir_
644,985
723,229
748,160
Union RR of Bait _
13,008
62,039
65,657
Waynesburg&Wash
381,588
West Jer & Sea Sh.. 2,690,836 2,587,385
Lines West of Pitts & Erie see Group III
For
Reading Company
101,714
819,202
872,214
Atlantic City
44,014
113,380
95,947
Catasauqua & Fog
12,516,173 4,588,227
Central ItR of NJ_ 12,452.307
50,538
96,343
89,652
Chester & Del Riv_
23,518
103,617
109,449
Gettysburg & Har_
6,715
61,186
57,562
Northeast Penna
181,812
314,061
320,217
Perkiomen
21,719.108 21,954.613 7,212,794
Phila & Reading
1,724
75,123
76,356
Phila New & N Y_
441,828
610,653
734,235
Port Reading
43,204
172,785
175,065
Reading & Colum_
232,921
• 596,063
789,019
Pitts Shaw & Nor_
160.947
311,311
381,462
South Buffalo
74,089
369,587
362,692
Staten Isl Rap Tran
74,342
446,044
427,811
Ulster & Delaware_
549,576
1,605,223
Union lilt Co, Penn 2.067,709
1,172,090
Western Maryland_ 3,579,524 3,424,842
71,877
376,851
265,445
Wilkes-Barre &East
775,648
2,635,414 2,401,084
28 other roads
Net
Inc. or Dec.
1911.
$
3
842,541 -382,793
1,943,919
27,164
610,434
9,380
501,088
-204,392
+26,499
+34,551
+3,628
-119,500
57,012
62,523
5,519,563
52,688
21,781
5,549
122,591
8,162,614
7,578
378,639
33,588
75,816
94,361
128,977
60,254
252,066
1,313,525
189,208
624,120
+44,672
-18,509
-931,336
-2,150
+1,737
+1,166
+59,221
-949,820
-5,854
+63,189
+9,616
+157,105
+56,586
-54,888
+11,088
+297.510
-141,435
-117,331
+151,528
-5,216,714
Total (85 roads).336,795,629 325,539,194 91,853,287 97,070,001
Net
-Gross
Inc. or Dec.
1911.
1912.
1911.
1912.
Group III.
$
"
$
$
$
$
Middle West.
-516
274,695
923,318.. 274,179
1,003,692
Ann Arbor
879,807 +574.008
1,453,815
3,630,883 3,124,286
Bess & Lake Erie
483,449 -300,860
182,589
Chicago & Erie.. _ _ 2,518,292 2,608,061
+4,062
def5,225
def1,163
356,178
416,774
Ch Dot & Can Or Tk
873,345 -238,609
634,736
3,128,893 2,968,504
Chic Ind dcLoulsv
-31,315
213,320
244,635
832,240
869,153
Ch Terre H'te & S E
+88,528
•887,284
975,812
On Ham &Dayton_ 4,525,403 4,565,395
+36,960
135,591
172,551
579,684
624,991
Detroit & Mackinac
+80,056
218,817
328,873
500,679
612.890
Det & Tol Sh Line
-35,264
58,229
93,493
997,908
1,040,123
Mil
Det Gr Hay &
+82,646
32,252 def50,394
740,853
841,552
Det Toledo & Iront..
+27,789
735,849
763,638
Grand Trunk West_ 3,220,927 3,220,560
049,042 +270,920
1,219,962
3,417,474 2,968.120
.
Hocking Valley_ - _
-71,084
511,560
440,476
1,414,394
1,415,484
Kanawha & Mich
+24,880
33,555
58,435
243,341
270,587
Lake Terminal
-2,616
83,616
81,000
297,981
286,715
Manistee & Nor E._
N Y Cent & Hud Riv-See Group II.
+74,707
245,442
320,239
1,872,845
& South_ 2,025,790
Chic Ind
-465
38,462
37,987
98,822
91,719
Chic Hal & Sag
-28,721
37,233
8,512
. 616,755
540,683
Cine Northern__
-7,025
2,911,828 2,918,853
Clev Cin Ch & St L 14,694,814 14,425,884
+23,285
8,816
32,101
148,716
150.268
Dunk All V & Pitts
-See Groups VI & VII.
Indiana Harbor Belt
343,951 +133,449
477,400
2,524,167
Lake Erie & West_ 2,653,559
-56,026
44,087
323,203 def11,939
298,772
Lake Erie All & W
5,661,602 +2,082,001
Lake Shore & MS. 25,045,920 22,745.044 7,743,603
05,411
104,092
Loulsv & Jeff B'ge
Michigan Central_ 15,237,392 14,059,414 4,205,577 3,119,952 +1,085,025
N Y & Ottawa-See Group II.
1,300,625 +138,906
1,139,531
NY Chic & St L_.. 5,727,270 5,391,806
+87,009
315,768
1,564,278
227,859
Peoria & Eastern. 1,506,447
Pitts & Lake Erie. 8,070,436 6,937,296 3,662,239 3,307,754 +354,485
Rutland-See Group I.
St Law & Adirondack-See Group II.
521,774
360,503 +161,271
Toledo & Ohio Cen 2,419,055 2,108,273
+15,612
def4,636
186,139
def20,248
219,368
Zanesville & West_
+24,624
83,409
58,785
258,313
319,872
Newburgh & South_
Pennsylvania-Lines West of Pitts & Erie
-,2881
def12,272
def15,153
81,739
79,081
Central Indiana.--15,655
56,965
72,620
212,433
234,700
Cinc Leb & North_
-30,776
367,991
308,767
Grand Rap & Ind.. 2,495,717 2,345,155
27,499,722 22,639,409 6,951,016 6,556,713 +394,303
Penna Company
+27,983
38.745
66,728
127,794
Pitts Char & Yough . 155,947
Pitts Cinc Ch & StL 20,258,382 18,051,613 5,285,949 5,011,311 +274,638
VI and VII.
Toledo Peor & W-See Groups
-06,229
950,068
853,839
4,819.708 4,769,994
Vandalia
Waynesburg & Wash-See Group II.
963,227 -103,037
860,190
.
Pere Marquette_ _ _ 7,582,702 7,470,624
401,133 +119,075
610,208
1,786,512
Toledo St L & West 1,804,148
1,219,788 2,680,723 -1,460,935
13,072,243 14,012,768
Wabash
+16,027
30,270
46,297
289,599
326,718
Wabash-Pitts Term
+06,419
920,250
1,016,669
Wheel & Lake Erie_ 3,501,373 3,114,906
-6,758
356,105
349,347
1,869,381
1,950,827
21 other roads
Total (65 roads)_100,817,999 176,376,444
-Gross
1911.
1912.
Groups IV. & V.
Southern.
748.353
804,474
Ala & Vicksburg
603,095
612.065
Atlanta & West Pt_
1,387,669
At Birm & Atlan_ 1,555,436
Atlantic Coast Line 17,666,971 16,609,465
303,969
479,423
Birmingham South_
922,290
Caro Clinch & 0_ _ _ 1328,442
Central of Georgia.. y5,687,358 y5,254,178
939.204
1,005,124
Charleston & W Car
93,151
297,387
Chart Har & NorthChesapeake & Ohio_ 17,205,953 14,625,244
Cin N 0 & Tex Pac 4,917,510 C395,292
492,774
356,516
Coal & Coke
2,781,211
Florida East Coast. 2,862,341
387,987
356,862
Georgia & Florida_ 272,310
250,807
Georgia Fla & Ala_
1,602,626
1,566,563
Georgia
986,842
994,214
Gulf & Ship Island_
283,391
277,883
Lexington dc East
53.990
46,395
Louisiana Southern
Louisville & Nashv. 27,888,649 26,048,892
627,962
St L
572,039
Loulsv Hend &
257,758
230,149
Macon Dublin &Say
400,831
419,807
Mississippi Central.
Nash Chatt & St L. 8,179,565 6,335,754
1,712,576
New On & Nor East 1,902,067
795,551
860,656
New On Great Nor912,345
New On Mobile & C 1,040.301
1,523.318
Norfolk Southern. 1,690,539
Norfolk & Western- 19,749,666 17,062,901
220,164
197,560
Pennsylvania Term
1,293,637
Rich Fred & Potom 1,406,134
Seaboard Air Line. 11,770,217 11,478,740
31,243,091 29,202,340
Southern
2,150,803
Alabama Gt South 2,364,491
85,723
83,303
Augusta Southern_
98,981
88,861
Blue Ridge
149,363
148,970
Danville & West
1,168,306
Georgia Sou & Fla 1,201,360
Mobile & Ohio- _ 5,343,638 5,624,184
215,329
216,349
Northern Alabama
516,780
Southern Ry in Miss 441,143
52,592
63,465
Tallulah Falls
716,070
892,664
Virginia & Southw
747,115
748,433
Central
Tennessee
1,896,590
2,481,189
Virginian
610,893
635,718
Washington South_
647,710
677,704
Ala_
Western Ry of
Yazoo & Miss Vail_ 4,357,299 5,180,455
3,390,730 3,458,283
40 other roads
----Gross
1911.
Groups VI..k VII. 1912.
$
Northwest
653,123
B & 0 Ch Term Tr_
743,472
Belt Ry Of Chicago_ 1,333,950 1,217,762
488,882
Butte Anac & Paz__
601,078
Chicago & Alton..__ 6,659,987 6,797,209
Chic &East Illinois
7,060,306 6,851,389
Evansv & T H_ _ f
Chic & North West.. 34,438,533 34,338,378
Chic Burl & Quincy_ 40,752,368 40,010,948
Chic Great Western 6,015,590 6,033,906
850,821
Chicago Junction_ _
. 891,889
Chic Maw & Pug Sd 7,708,743 7,002,865
Chic Milw & St Paul 29,778,188 29,453,605
819,717
Chic Peoria & St L_
817,342
Ch St PM & Omaha 7,075,248 7,204,168
327,814
333,322
Copper Range
409,396
Deny Nor West & P
519,812
Dul & Iron Range
2,261,036 2,289,822
Dul Missabe & Nor_ 2,835,977 2,650,714
363,463
Duluth R L & Win_
517,259
1,413,870
Dul Sou Shore& AU 1,493,508
Elgin Joliet & East_ 5,774,066 3,783,908
Great Northern_ _ _ 29,542,546 26,410,594
299,666
364,460
Green Bay & West..
Illinois Central
28,473,130 29,582,612
1,183,435
Indiana Harbor Belt 1,357,947
366,549
395,425
Mineral Range
Minneap & St Louis 3.740,181 4,025,123
Minn SIP & SS Mi 12,528,192 9,953,563
Wisconsin Cent-1
451,969
462,132
Minnesota & Intern.
Northern Pacific_ _ _ 28,944,176 28,434,279
421,890
434,872
Peoria & Pekin Un_
332,293
460,442
Quincy Om & Ky C..
613,809
Tol Peoria & West_
620,520
Union Pacific
21,099,730 22,240,899
Oregon Short Line-See Group X.
Ore-Wash RR & Nay-See Group X.
784,764 •
St Jos & Grand Isl
702.385
42 other roads
4,564,017 4,164,953
46,301,930 42,490,445 +3,811,485
Net
1911. Inc.:or Dec.
1912.
167,337
178,623
287,251
6,163,099
51,152
417,457
111,418,864
335,605
• def4.998
4,803,684
1,198,609
87,557
1,278,575
66,682
47.033
361,841
318,898
70,633
10,891
6,770,050
102,662
61,247
151,315
1,554,482
507,502
304,341
361,322
570,562
5,758,116
78,331
528,211
3,950,815
8,839,930
525.769
11,752
31,230
63,624
261,120
1,615,177
33,362
59,376
5,577
233.15g
227,663
747,796
215,254
84.479
1,566,993
1,030,366
-32,767
-32,244
-98,208
-537,048
+28,553
+193,880
+17,545
-204,029
+88,450
+846,222
+301,523
+82,981
-245,605
-73,775
-28,831
-114,862
-28,772
+35,906
+461
+535,810
+18,979
-1,138
-23,605
-119,035
-66,807
-46,966
-96,540
+41,154
+877,868
+24,835
-38,669
-631,234
+86,882
+88,426
-4,682
+2,727
-1,229
-34,563
-275,551
+3,216
-76,271
+5,707
+76,066
-85,814
+180,597
-36,592
+7,066
-1,225,800
79,201
Total (88 roads)_186,501,106 174,890,256 52,815,421 53,510,405
--694,984
519
THE CHRONICLE
AUG. 31 1912.]
134,570
146.379.
189,043
5,626,051
79.705
611,337
y1,436,409
131,576
83,452
5,649,906
1,500,132
170,538
1,032,970
def7,093
18,202
246,979
290,126
106,629
11,355
7,305,860
121,641
60,109
127,620
1,435,417
440,695
257,375
264,782
611,716
6.635,984
103,166
489,542
3,319,611
8.926,812
614,195
7,070
33,957
62,395
226,557
1,339,626
36,578
def16,808
11,284
309,224
141,849
928,393
178,662
91,545
341,193
951,165
1912.
$
148,821
471,911
87,087
1,529,315
1,816,539
Va
Inc. or Dec.
1911.
$
$
+67,985
80,836
+20.449'
451,462
+6,416
80,671
2,020,486 -491,171
2.130,536 -313.997
8,641,566 9,393,010 -751,444
9,331,832 11,622,138 -2,290.306
1,322,087 -424,716
897,371
+23,084
242,121
265,205
3,004,530 2,581,448 +423,082
6,032,168 7,902,096 -1,869,928
-57,273 .
93,740
36,467
1,994,271 2,147,799 -153,528
+25,231
80,841
106,072
-6,204
56,506
50,302
934,248
1,036,485 -102,237
948,715 +400,714
1,349,429
108,539 +128,460
236,999
-35,252 •
277,725
242,473
1,399,739 +1,105,467
2,505,206
7,896,218 +2,101,231
10,000,449
+37,281 •
96,159
133,440
4,652,129 7,911.118 -3,258,989 '
245,095 +117,011
362,106
+11,618
35,627
47,245
1,047,460 -369,334
678,126
4,408,008 2.560,236 +1,847,772
139,078
10,157,543
84,066
20,776
101,932
7,339,313
-29,667
168,745
9,877,221 +280,322
+4,864
79,202
+89.053
de168,277
+5,311 '
96,621
9,234,663 -1,895,350
•
11,230
1,251,601
81,374
980,337
-70,144
+271,264
Total (76 roads) 291,301,829 282,228,256 79,068,854 84,218,779 -5,143,925
Net
.
-G
Ix 1912. ross
Inc. or Dec.
1911.
1912.
1911.
Groups VIII. dc
$
Southwest.
16,416,661 15,066,894 +1,349,774
Atch Top & S Fe_ _ _ 44,967,936 43,549,445
Grand Canyon-See Group X.
+17,882
def1,301
16,581
115,418
142,070
Gulf & Inter-S of T
562,688 +352,968
915,656
5,405,746 5,245,369
Gulf Colo & S Fe
+77,158
161,624
238,782
775,254
1,122,739
Pecos & Nor Tex
+22,764
6,748
29,512
86,163
111,208
Rio Grande&FAP
+39,827
163,828
203,655
713,102
712.539
Texns & GulfICanRysof Tex
So
+14,078
10,389
24,467
141,189
147,590
1,208,558 -195,333
1,013,225
3,768,783 3.807,769
South
Colorado &
733,681 -249.612
484,069
Ft Worth & Den C 2,107,489 2,177,607
-45,102
49.216
4,114
284,804
254,923
Wichita Valley_ _ _
+3,657
def68,705
790,972
def65,048
Trinity & Bras Val 1,164,309
154,270 •+19,992
174,262
401,828
450,466
Colorado & Wyom_
+8,272
35,536
43,808
798,091
768,570
Colorado Midland_ 10,661,146 10,410,052 2,559,614 3.012.703 -453.179 •
Denver & Rio Gr
80,966 +217,026
297,992
197,717
636,459
Fla & Cripple Creek
-7,341
26,566
19,225
324,142
299,366
Ft Smith & Western
443,060 +288,805
731,865
Internat & Gt Nor_ 4,722,878 4,102,909
1,564,834 -304,179
Kansas City South_ 4,451,587 4,683,565 1,260,655
+60.374
253.949
314,323
709,602
813,991
Louisiana & Ark.__
238,535 -112,757
125.778
828,874
791,715
La Ity & Nay Co
-65,302
191,562
126,260
674,828
652,675
Midland Valley
-10,557
119,975
109,418
378,299
366,875
Miss Riv & Bon Ter
-41,640
7,931
410,947 def33,709
478,398
Mo & Nor Arkan
_ _ _ 7,714,600 8,180,816 2,630,039 2,806,187 -176,148
Mo Han & Tex_
377,261 -416,775
Mo Kan & T of T_ 4,553.826 4,537,470 def39,514
+31,863
55.785
87,648
422,936
379,810
Texas Central-90.455
26,724
def63,731
392,401
418,286
Mo Okla & Gulf.._
1,935,116 8ef525,612 +2,460.728
11,332,182 11,109,421
Missouri Pacific
St L I ron d tn
Roek Ialan/i- & So 14,503,751 13.978,078 5,108,855 3,752,429 +1,356,436
i
476,998 -177,213
299,785
1,410,266
1.309,147
Chic It I & Gulf
Chic It I & Pacific 29,267.925 30,559,322 7,928,194 7,780,860 +147,334
18,731.241 19,277,148 5,697,424 6,673,043 -975,619
St L & San Fran
-35.896
40,425
4,529
432,799
420,338
Ft W & Rio Gran_
+26,746
41,103
67,849
123,641
126,895
Paris & Gt North_
+80,703
45,554 def35,149
555.119
621,131
St L San Fr & Tex
-2,126
39,962
37,836
256.128
385,482
Beaum S L & W
Chicago & E Ill-See Groups VI. & VII.
Lonislana Southern-See Groups IV. & V.
-83,798
81,984
def1,814
573.193
702,135
New Orl Tex & Mex
-1-6,533
def5,575
958
91,452
59,198
Orange & Northw_
+19,041
278,528
297,569
1,002,378
St L Brownsv & M 1.248,782
93,072 +102,912
195,984
697,644
920,266
St L Merch Br Ter..
-36,621
1,429,975
1,393,354
St L Southwestern_ 3,775.927 3,598,694
1,832,640 def67,253 def113,632 - +46,379
St L SW Ry of Tex 1,913,345
117,695 +159,808
277,503
1,771,323
San An & Aran Pass 2,072,962
Southern Pacific-See Group X.
Arizona Eastern-See Group X.
Corvallis & Eastern-See Group X.
1,391,202 -668,369
722,893
Only Harris &S An 5,221,114 5,244,183
-1,8E4
77,327
75,463
148,960
148,191
Houston & Shrev.
403,476 -411,159
def7.653
Houston & Tex C. 2,488,432 2,783,061
-88,847
211,279
122,432
611,659
599.857
E&W Texas_
Hous
+3;438
22,391 " 18,953
68.573
Lake Charles & No
+13,631
252,168
265,799
: 6
72 95
1,054 022
977,544
Louisiana Western
573%281 -131,299
441,982
2,427.205 2,272,307
Mon L&T RR&SS..
315,968 -130,101
185,867
1,946,879
Texs p& New On. 1.818.585
as ay
Coos
Roseb & E RR & N-See Group X.
• +35,225
380,304
415,529
1,234,850
Term lilt Assn of SL 1,344,277
700,658 -226,083
564,575
Texas m idiacidic__.- 7,767.547 6,933.354
T m & P anf
+12.478
def5,780 def18.258
252,489
280,430
-20,925
97,802 • 118,727
655,313
607,702
Vicks Sh & Pacific_
66,873 • -33,433
33,440
375,705
349.158
9
W c therFaa s &
3 iohlta rolids NW
768,483 -262,220
506,263
3,542,184
3,652.481
Total (95 roads)_213,240,037 209.506,483 54,288070 52,766,101 +1,521,9(9'
Net
f
Group X.----Grats
/tie. or Dec. •
1911.
1912.
1911.
1912.
Pacific Coast.
+47,631
241,068
288,699
418,817
475,011
'Arizona & New Mex
-28,897
106,884
77,987
277.395
244,369
Columbia & Pug Sd
1,412,322 +289,511
1,701,833
El Paso & S W Co__ 4,028,231 3,542,929
+79.423
def11,072
68,351
186,835
215,960
Grand Canyon
59,945
-15,006
44,939
318,085
262,529
Idaho & Wash Nor_
+84,383
354,773
439,156
712,380
813,706
Nevada Northern
-37,216
274,391
237.175
1,486,317
1,516,176
Northwestern Pac
842,167 +383,132
4,309,546 1,225,299
San Ped LA & S L_ 4,742,046
Southern Pacific
16,823,662 +471,199
Pacific System_ _ 42,917,953 42,138,612 17,295,161
7,723
+3,577
11,300
40,083
39,379
Coos Bay R & E.
544,424 • 285,776 +258,648
841,874
1,115,757
Arizona Eastern
-547
14,665
14,118
137,266
137,708
Corvallis & Eastern
For remainder of system see Groups VIII & IX.947,512
1,210.351 -262,839
Spok Port & Seattle 2,204,639 2,407,631
+64,780
104,823
169,603
389,957
443,155
Spokane Internat
378,214 -180,733
570,992
197.481
411,580
Sunset
+21,904
265,591
54,105
76,009
281,427
Tacoma Eastern
+43,749
110,029
364,332
153,778
365,101
Tonopah & Goldfield
VI & VII.
Union Pacific-See Groups
+637,634 •
Oregon Short Line 9,583,731 8.535,115 4,492,853 3,855,219 -542,064
2,501,333
1,959,269
Ore-Wash RR & N 7,448,602 7,574.843
St Jos & Grand Isl--See Groups VI & VII.
537,038 +156.286
693,324
2,550,170 2,434,975
23 other roads
Total (42 roads)_ 79,797.230 76,953,575 30.638,271
29,163,416 +1,474,855
Grand total (467).1365.355,859 1309,006.353 373,370,171 375,407,648 -2,037,477
y These figures are for five months only.
520
THE CHRONICLE
BANKING, FINANCIAL 'AND LEGISLATIVE iNEWS.
'
--The public sales of bank stocks this week aggregate 229
shares and were all made at the Stock Exchange. The sales
included 117 shares of National Bank of Commerce stock at
20134-2023 and 112 shares of National Park Bank stock at
370-375. Five shares of trust company stock were sold at
auction.
Shares. BANKS—New York.
Low. High. Close. Last previous sale.
.117 Commerce, Nat. Bank of_ 20134 2023i, 201
3 Aug. 1912— 202
•112 Park Bank, National
370
375
375
Feb. 1912— 372
TRUST COMPANY—Brooklyn.
5 Franklin Trust Co
270
270
270
Aug. 1912— 270
'Sold at the Stock Exchange.
[VoL. Lxxxxv.
682,882 at the last session of the 61st Congress under the
Republicans. These figures were agreed to in statements
issued this week by Chairman John J. Fitzgerald, of the
House Appropriations Committee, and Representative Joseph
G. Cannon, the Republican leader of the Committee, although the latter dissents as to some of the conclusions of
Representative Fitzgerald. In presenting .his figures, the
latter said: •
The estimates of appropriations for support of the
Government submitted
by the Executive to this session of Congress amounted
In all to $1,040,648,026 55. The appropriations made at this session
of Congress amount
to $1,019,636,143 66. The latter sum is a reduction
of $21,011,882 89
from the estimates and $7,046,738 06 under the
appropriations made
at the last session of the last Congress, which body was controlled
in both
branches by the Republican Party.
•
•
A further analysis of the history of appropriations at this
session shows that
the committees of the House charged with the preparation of
the regular
annual supply bills for the fiscal year 1913 reduced them $40,868,43
4 54 under the estimates recommended to Congress. The House, In passing
the
bills, reduced them $40,135,284 54 under the regular annual estimates
and $49,161,361 66 under the appropriations of the previous session.
The Senate itself in passing the bills further increased them until their
aggregate as passed by the House was exceeded by $70,521,715 88 and the
estimates by $30,386,431 34. The Increases made by theSenate committees
and by the Senate In acting on the bills after they left the House, It is
proper to state, included $12,500,000 for payment of pensions under
legislation enacted after the House had passed the Pension Appropriation
bill.
The final outcome in the conferences that reconciled the differences
between the two Houses, or the increases by the Senate
in the 13 regular
annual appropriation bills, shows that, exclusive
of the increase for pensions, the Senate yielded $30,424,545 38 of the sums
they proposed to add,
and the House accepted only $27,597,170 50.
—Except for the banks, business is practically suspended
to-day (Saturday) in Wall Street, the New York Stock, Cotton and Coffee Exchanges having closed on Friday for a
three-day recess until Tuesday, in view of the Labor Day
holiday on Monday. The New York Produce Exchange is
the only one of the local markets open today. Most of the
principal out-of-town Exchanges are closed for the same
period.
—The second session of the Sixty-Second Congress—one
of the longest sessions in the history of the country—adjourned on Monday, the 26th inst. Speaker Clark, in addressing the House just before adjournment, referred to
the length of the session, saying: "There are a few sessions
which have exceeded this in length, counting-from the first
Monday in December until the close, but I believe that
Ex-Speaker Cannon's remarks with regard to the approCongress has been actually in session more days since the
first Monday in December than any other Congress that ever priations were in part as follows:
Appropriation bills have their
sat." The tentative agreement to end the session on Satur- The Republican House at its last origin in the house of Representatives
session in 1911 originated the
day last, the 24th, was defeated by a deadlo-ck between the tions for the public service for the fiscal year beginning July 1appropria1911 and
ending June 30 1912. The Democratic house at
Senate and House conferrees on the General Deficiency Bill
this session of Congress
originated appropriations for the year beginning July
1 1912 and ending
and the filibuster led by Senator La Follette to secure the June 30 1913. It is proper at this
time to make comparison between the
passage of the Penrose resolution extending the inquiry into appropriations for the two fiscal years. • * • a total amount!includThe
campaign contributions—the latter announcing his deter- ing permanent appropriations granted at the last session of the last Congress
when the Republican
mination to prevent the adjournment until the resolution $1,026,682,881 72. TheHouse had charge of appropriation bills was
stated total amount, including permanents
was adopted. in so far as the General Deficiency Bill was appropriated at this session by origination In a Democratic House, is
$1,019,636,143 66.
concerned, the disagreement centered chiefly in the SenIn consideration
ate amendment providing for the payment of State money expended forof these two great totals, it Is proper to state that all
the construction of the Panama Canal is reimbursable
claims of Maryland, Virginia, Oregon and Texas, aggregating to the Treasury of the United States through the sale of bonds already
authorized for that purpose, and since these sums are not a burden upon
$600,000, and the Senate provision for an extra month's pay the revenues of
the country, they should, for purposes of comparison, be
for the Senate and House employees, to both of which the eliminated from the total amounts appropriated.
A Republican House at the last session of Congress provided for this
House refused to accede. After an all-night session, in
great canal the
which no conclusions with respect to tile bill nor the resolu- the law making sum of $45,560,000, and through the requirements of
these appropriations to continue available until
itre
tion proposed by Senator La Follette, were arrived at, Con- finally expended, there remained in the Treasury at the end ofthey last
the
gress adjourned at about 4:30 on Sunday morning to resume year amounts of money exceeding $5,000,000 for Canal construction, which
made it possible
its deliberations on Monday. An end to tile filibusters for the Canal forfor the Democratic house to reduce,as they have,thesums
next year to $28,980,000.
occurred at Monday's session, when the Senate yielded to
Therefore, deducting the $45,560,000 for Canal construction from the
the demands of the House to strike out of the Deficiency total appropriations last year of $1,026,682,881 72, there remains an aggregate of $981,122,881 72, and
the $28,980,0
Bill the two provisions referred to above, while Senator tion from the total amounts deductingthis session, 00 for Canal construcmade at
there remains an aggreLa Follette's resolution was adopted by the Senate almost gate of $990,656,143 66, a sum which exceeds the grand total of all appropriations
Republican House at the last session of the last
without discussion. President Taft's signature was affixed Congress made by the 04.
by $0,533,261
to the Deficiency Bill on Monday afternoon. The Penrose
—Tile most important of the legislation enacted at the
resolution, bearing on the.investigation into campaign con- late session
embraces the following bills:
tributions, as passed by the Senate on Monday has particular
The Panama Canal bill, governing the operation of the Canal
and the
reference to the probing of charges made by Senator Penrose government of the Zone, exempting from tolls American vessels engaged in
the coastwise trade, prohibiting the use of tile Canal by any ship owned
concerning campaign contributions made by the Standard or controlled by a
corporation operating in violation of
Oil Co. to the Republican National Committee in 1904; its Trust law, and prohibiting the ownership by a railroadthe Sherman Antiof any water line
with which it does or may compete, but empowerin
text is as follows:
g the Inter-State ComResolved, That the statement made by the senior Senator from
Pennsylvania, Mr. Penrose, In the Senate on Wednesday, Aug. 21 1912, be
and is
hereby referred to the Committee on Privileges and Elections of the
Senate,
or any sub-committee thereof, appointed under S. Res. 79, agreed
to on
Apri129 1012.
The Committee on Privileges and Elections, or any sub-committee
thereo ,
is hereby authorized and directed to investigate fully into all
statements
and questions of fact referred to In the statement of personal privilege
made
by the Senator from Pennsylvania, Mr. Penrose, on the floor of the
Senate
August 21 1912, including all correspondence and financial
transactions
between John D. Archbold and George W. Perkins and Colonel
Theodore
Roosevelt and Representatives in Congress and members of the
United
States Senate, from 1900 to the date of the investigation; and.,
further,
committee is authorized and directed to investigate into and ascertainsaid
amount of money expended by or on behalf of any candidate seeking the
the
nomination of any political party, formed or in the process of
formation,
for President during the year 1912, or by any committee or
persons acting for or on behalf of such candidate, or In the interest of such
candidate
or party; and to ascertain the names of all persons, firms or
corporations
contributing to any of the purposes aforesaid, and the amounts
paid or
contributed, and how and when paid, including all sums of money
used to
secure the election of delegates to any national convention or
to influence
the actions of delegates at said conventions.
Said committee or sub-committee is authorized to sit during the
sessions
of the Senate and during any recess of the Senate or of Congress, and
to
hold sessions at such place or places as may" be deemed most
convenient
for the purposes of the Inquiry; to employ attorneys, stenographers
and
such other clerical force as may be deemed necessary; to
witnesses, send for persons, books, records and papers, and to subpoena
administer
/Atha* and that parties to the examination may be represented by
attorneys,
subject to such rules and regulations as the committee may make.
—Appropriations aggregating
ed at the session just closed
merce Commission to extend the time to which such service may be operated
beyond July 1 1914—if it finds the water line service operated
by a road Is
beneficial to the public.
The age and service pension bill, which increases
the expenditures on
account of pensions to Civil War veterans over $25,000,00 annually.
0
The bill limiting the work of laborers and mechanics employed on Government work to eight hours a day.
The bill creating a Children's Bureau in the Department of Commerce
and Labor.
A Constitutional amendment providing for the election of U. S. Senators
by direct vote.
A bill for the Federal regulation of radio-telegraphy.
A bill regulating the wireless apparatus of steamers on the ocean and the
Great Lakes.
A bill providing a form of civil government for the Territory of Alaska.
A bill creating a committee to Inquire Into the subject of industrial
relations.
A bill providing for a commission to inquire into the conditions
under
which foreign governments purchase American-grown tobacco.
A bill reducing from five to three years the period of residence required
on
homestead lands before patents are issued.
A resolution calling for an inquiry into the so-called "Money Trust"
was
adopted by the House of Representatives. Preliminary hearings
into
matter were had in this city In June by a sub-committee of the Banking the
and
Currency Committee of the house of Representatives, which
announced
at the time that the main inquiry would not be taken tip until all doubt as
to Its Inquisitorial powers was removed by the passage of a resolution giving
visitorial authority to either House of Congress in connection with
national..
bank inquiries. This resolution passed the House of Representatives,
no action was taken on It In the Senate, to which it had been reported but
adversely.
The passage of a resolution by the House of Representatives,
calling for
an inquiry Into the so-called "shipping trust."
$1,019,636,144 were authorA resolution was adopted by the House of Representatives, directing
the
I Secretary of Commerce and Labor to investigate the causes of the recent
as compared with $1,026,- increase In the price of
anthracite coal.
AUG. 3 1912,]
(
THE CHRONICLE
A committee was named to assist Chairman Clayton of the Judiciary
Committee of the House of Representatives in the investigation of the socalled "beef trust." This investigation, it is understood, was put over
until after the Presidential election.
A resolution directing an inquiry into tile official conduct of Robert W.
Archbald, formerly District Judge of the United States Court for the Middle District of Pennsylvania. and now Judge of the U. S. Commerce Court,
was passed by the House of Representatives, as a result of which articles of
impeachment against Judge Archbald were formally laid before the Senate.
A resolution passed by the House authorized a sub-committee of the Judiciary Committee to investigate the official and personal conduct of Judge
Cornelius H. Hanford of the U. S. District Court In Seattle. The resignation of Judge Hanford, tendered during the course of the investigation, was
accepted by President Taft on the 5th of August. The inquiry was undertaken at the instance of Representative berger, following the issuance by
Judge Hanford of a decree canceling the rights to citizenship of Leonard
Oilson, a Socialist, of Tacoma.
Bills which were vetoed by the President included the
following:
521
nations to whom we extended the use upon the observance of these conditions were to be equal to that extended to any one of them which observed
the conditions. In other words, it was a conditional favored-nation treatment, the measure of which, In the absence of express stipulation to that
effect, Is not what the country gives to its own nationals, but the treatment
It extends to other nations. • • *
The bill here In question does not positively do more than to discriminate
in favor of the coastwise trade, and the British protest seems to recognize
a distinction between such exemption and the exemption of American vessels engaged In foreign trade. In effect, of course, there Is a substantial
and practical difference. The American vessels in foreign trade come into
competition with vessels of other nations in that same trade, while foreign
vessels arc forbidden to engage In the American coastwise trade. While the
bill here in question seems to vest the President with discretion to discriminate In fixing tolls In favor of American ships and against foreign ships engaged In foreign trade within the limitation of the range from 50 cents a ton
to $1 25 a net ton, there is nothing in the Act to compel the President to
make such a discrimination. It is not, therefore, necessary to discuss the
policy of such discrimination until the question may arise In the exercise
of the President's discretion.
The bill revising the wool schedules of the tariff law.
The bill revising the metal schedules of the tariff law.
The Legislative, Executive and Judicial Supply bill, twice vetoed because
of the provision abolishing the U. S. Commerce Court, and also because it
fixed the tenure of Government clerks in the civil service at seven years.
The bill was finally passed, and signed by the President, with the latter
Provision eliminated and embodying a provision for the continuance of the
Court until March 4 1913.
The Army Appropriation bill was also vetoed by the President, because
it would have ousted Major General Leonard Wood from his office of Chief
of Staff of the Army on March 4 next. The bill was passed in an amended
form, free from the provision in question, and was signed by the President
on the 24th inst.
The President argues that if there is nothing in the HayPauncefote treaty to prevent Great Britain and other nations
from extending favors to their own shipping using the Canal,
and that if there is nothing that gives the United States control over or right to complain of such action,"then the British
protest leads to the absurd conclusion that this Government
in constructing the Canal, maintaining the Canal, and defending the Canal, finds itself shorn of its right to deal with
its own commerce in its own way, while all other nations
Of the proposed measures which failed of enactment using the Canal in competition with American commerce
(action on some of these having been taken by only one enjoy that right and power unimpaired." The British protest, therefore, according to the President's view, was a
branch of Congress), the following may be enumerated:
proposal to read into the treaty the surrender by the United
The bill providing for the physical valuation of railroads.
The employers liability and workmen's compensation bill.
States of its right to regulate its own commerce in its own
The immigration bill, containing an educational test.
right which neither Great
The Clayton bill, providing for a trial by jury in all proceedings of indirect way and by its own method, a
Britain herself or any other nation that may use the Canal
contempt of court.
The bill amending the law with respect to the issuance Of restraining orders has surrendered or proposes to surrender.
in labor disputes.
The President dissents from the view that permission to
The bill imposing an excise tax of 1% on the net income, including salaregister foreign vessels as vessels of the United States for
ries over $5.000 a year, of persons, firms and co-partnerships.
The Democratic free sugar bill, passed by the House, or the Lodge-Bris- foreign trade and the admission without duty of ship matow sugar bill, passed by the Senate, which would have reduced the duty
terial will interfere with the shipbuilding interests of the
on sugar.
The bill providing for the issuance of a uniform bill of lading by railroads. United States. He approves the amendment of the InterThe bill creating as a division of the United States Government a DepartState Commerce Act whereby railroad companies are forment of Labor.
bidden to own or control ships operated through the Canal.
The bill prohibiting dealings In cotton "futures."
The bill prohibiting dealings in grain "futures."
He also approves of the provision which prevents the owner
The resolution limiting the tenure of office of the President of the United
of any steamship who is guilty of violating the Anti-Trust
single term of six years.
States to a
The IIenry bill. providing for the publicity of contributions and expendi- law from using the Canal. It is quite evident he said:
tures for the purpose of influencing or securing the nomination of candidates
for the offices of President or Vice-President.
The resolution calling for an investigation into the cost of living.
The bill revising the cotton schedule of the tariff.
The bill revising the chemical schedule of the tariff.
—President Taft signed the Panama Canal bill on Saturday evening, of last week, accompanying his action with a
memorandum explaining his position. In the memorandum
he declared that it was absolutely necessary to have the
bill passed at the session of Congress that has just closed in
order that the capital of the world engaged in the preparation of ships to use the Canal might know in advance the
conditions under which the traffic is to be carried on. The
President enumerated the objections to the bill. He first
referred to the objection that the bill violates the HayPauncefote treaty in discriminating in favor of the coastwise
trade of the United States by providing that no tolls shall
be charged to vessels in that trade passing through the canal.
This the President said was the subject of the protest by the
British Government. The provision of the Hay-Pauncefote
treaty referred to is in Article 3, which provides:
"That this section applies only to those vessels engaged in the trade In which
there is a monopoly contrary to our Federal statute. And It is a mere
injunctive process against the continuance of such monopolistic trade. It
adds the penalty of denying the use of the Canal to a person or corporation
violating the Anti-Trust law. It may have some practical operation where
the business monopolized Is transportation by ships, but it does not become
operative to prevent the use of the Canal until the decree of the Court shall
have established the fact of the guilt of the owner of the vessel. While the
penalties of the Anti-Trust law seem to me to be quite sufficient already, I
do not know that this new remedy against a Particular kind of a trust may
not sometimes prove useful."
After the notification to the House that the President had
signed the bill, the ranking member of the House Inter-State
Commerce Committee, Representative Sims of Tennessee,
introduced a bill seeking to repeal the provision of the law
providing for free tolls on American ships engaged in the
coastwise trade. Mr. Sims explained that the bill had the
endorsement of the majority of the committee and was intended to avoid threatening international complications
over the free-tolls proposition. The bill, he said, would be
acted upon promptly when Congress re-convened in December.
—The Post Office Appropriation Bill was signed by PresiThe United States adopts,as the basis of the neutralization of such ship dent Taft on the 24th inst., following the adoption by the Sencanal the following rules, substantially as embodied In the convention of ate and the House of the conference report. Many important
Constantinople, signed tile 28th October 1888, for the free navigation of the
provisions are contained in the bill. It provides for a
Suez Canal, that Is to say:
(1)),The canal shall be free and open to tile vessels of commerce and war system of parcels post—a compromise, it is understood, of the
of all nations observing these rules on terms of entire equality, so that there Bourne and Lewis plans—and for a joint committee to furshall.be no discrimination against any such nation or Its citizens or subther inquire into the general subjept of parcel post. Under
jects in respect of tile conditions or charges of traffic or otherwise. Such
tile provisions of the new law any article is mailable (including
conditions and charges of traffic shall be just and equitable.
• The President's views on this part of the protest are con- farm and factory products) if not over eleven pounds in
tained in the paragraphs that follow:
weight nor more than "seventy-two inches in length and
In-view of the fact that the Panama Canal is being constructed by the girth combined," nor likely to injure the snails or postal
United States wholly at Its own cost upon territory ceded to it by the Rea character perishable
public of Panama for that purpose, and that unless it luxs restricted itself equipment or employees, and not of
the United States enjoys absolute rights of ownership and control, includ- within a period reasonably required for transportation and
ing the right to allow its own commerce the use of tile Canal upon such terms delivery. To carry out the purposes of this section the
as it sees fit, the sole question Is: Has the United States, in the language
Territories and Possessions,
above quoted from the Ilay-Paucefote treaty, deprived itself of tile exercise United States and its several
of the right to pass its own commerce free or to remit tolls collected for the excepting the Philippine Islands, are divided into units of
use of the Canal?
area thirty minutes square, identical with a quarter of the
t • It will be observed that the rules specified In Article III. of the treaty
were adopted by the United States fora specific purpose, namely, on the area formed by the intersecting parallels of latitude and
basis of the neutralization of the Canal and for no other purpose. The article meridians of longitude. These units of area are to be the
Is a declaration of policy by the United States that the Canal shall be neutral; basis of eight postal zones, the first covering a distance of
that the attitude of this Government towards the commerce of the world
the centre of a given unit of area and the
is that all nations shall be treated alike and no discrimination made by tile fifty miles from
United,States against any one of them observing the rules adopted by the succeeding zones increasing in distance from the given unit
United States. Tile right to the use of the Canal and to equality of treat- of area until in the seventh zone the radius is 1,800; the
ment_in_its use depends upon the observance of the conditions of the use
by_the nations,to whom we extended that privilege. The privileges of all eighth zone includes all units of area beyond this. Fourth-
522
THE CHRONICLE
[VoL. Lxxxxv.
class mail matter is to include all parcel-post packages and
Some apprehension has existed during the week among
the rates to apply are indicated as follows:
those accustomed to getting their mail on Sunday over a
"The rate of postage on fourth-class matter weighing not more than four provision carried in the bill which stipulates that
ounces shall be one cent for each ounce or fraction of an ounce; and on such
matter in excess of four ounces in weight the rate shall be by the pound, as
hereinafter provided, the postage in all cases to be prepaid by distinctive
postage stamps affixed
"That, except as provided in the next preceding paragraph, postage on
matter of the fourth class shall be prepaid at the following rates:
"On all matter mailed at the Post Office from which a rural route starts,
for delivery on such route, or mailed at any point on such route for delivery
at any other point thereon or at the office from which the route starts, or
on any rural route starting therefrom, and on all matter mailed at a city
carrier office or at any point within its delivery limits, for delivery by
carriers from that office, or at any office for local delivery, five cents for
the first pound or fraction of a pound, and one cent for each additional
pound or fractdon of a pound.
"For delivery within the first zone, except as provided in the next
preceding paragraph, five cents for the first pound or fraction of a pound,
and three cents for each additional pound or fraction of a pound.
"For delivery within the second zone six cents for the first pound or
fraction of a pound, and four cents for each additional pound or fraction
of a pound.
"For delivery within the third zone, seven cents for the first pound or
fraction of a pound, and five cents for each additional pound or fraction
of a pound.
"For delivery in the fourth zone, eight cents for the first pound or fraction
of a pound, and six cents for each additional pound or fraction of a pound.
'"For delivery within the fifth zone, nine cents for the first pound or fraction of a pound, and seven cents for each additional pound or fraction of a
pound.
"For delivery within the sixth zone, ten cents for the first pound or fraction of a pound, and nine cents for each additional pound or fraction of a
pound.
"For delivery within the seventh zone, eleven cents for the first pound or
fraction of a pound, and ten cents for each additional pound or fraction of a
1)
91Wd•
"For delivery within the eighth zone and between the Philippine Islands
and any portion of the United States, including the District of Columbia
and the several Territories and Possessions, twelve cents for the first pound
or fraction of a pound, and twelve cents for each additional pound or fraction of a pound."
hereafter Post Offices of the first and second classes shall not be open on
Sundays for the purpose of delivering mall to the general public, but this
provision shall not prevent the prompt delivery of mall by special delivery.
Because of the uneasiness which developed by reason
of this legislation, Post-Master-General Hitchcock gave out
a statement on Tuesday in which he declared that the
provision does not require the closing of Post Offices on
Sunday, and he intimated that the customary distribution
of mail for newspapers and 'hotels would be continued. This
statement says:
There appears to be some misapprehension as regards the provision in the
Postal Bill relating to the delivery of mall on Sundays. This provision
does not require the closing of post offices on Sundays, which would be
quite impossible, owing to the fact that the transit mail has to be sorted
and also the mail collected in cities for dispatch to other destinations.
To stop the movement of this mall would mean a serious clogging of the
whole system of mail transportation•and consequent Inconvenience to the
public.
At present most of the mall received on Sunday for delivery by carrier
Monday morning is worked after midnight on Sunday, and therefore the
law will not affect this mail. It will be delivered as promptly as hitherto.
Mall received up to midnight on Saturday for lock boxes will be distributed
to the boxes and will be available to box holders on Sunday as usual.
There is at present no street delivery of mail by letter carriers on Sunday,
and therefore the law makes no changes In this regard. In short, the
only mail that will be affected under a reasonable construction of the
new law is that received at the post offices on Sunday and hitherto sorted
out that day for distribution to lock boxes.
As the purpose of the law, which was clearly enacted In the interests
of employees, is to reduce as far as practicable the amount of Sunday labor,
the work of distributing Sunday mail to lock boxes will be limited to
certain classes of mall that cannot be held until Monday morning without
serious inconvenience to the addressees.
This mall will include that for newspapers and hotel guests. The latter is
peculiarly transient in character and should not be delayed. This mall,
like the special delivery mall, will be sorted out at the offices of despatch
and on the railway mall
The establishment of zo'nes and postage rates of this section it in the post offices on trains in order to simplify the work of distributing
Sundays. Under the new method its distribution
will go into effect on Jan. 11913.
to the boxes on Sunday will be hastened rather than delayed.
As practically all business houses are now closed on Sunday they do not
The bill also calls for the appointment of a committee to
object to the plan, which has been
a year, of holding the
inquire into the subject of second-class mail matter and mall until Monday morning, realizing in force forthus conferred on postal
the benefit
employees, who are thereby relieved from Sunday labor.
compensation for the transportation of mail, as follows;
In order to give the new provision as liberal a construction as possible,
Provided, That a joint committee shall be appointed, composed of three postmasters
will be instructed on application to have their employees
members of the Senate Committee on Post-Offices and Post Roads and sort out in
.
emergency cases Sunday letters of special importance. This
three members of the House Committee on the Post-Office and Post Roads, will
supplement the present privilege of having all mall delivered on Sunto be designated by the respective chairmen, to make inquiry into the day that
carries a special delivery stamp.
subject of postage on second-class mall matter and compensation for the
By the proposed changes in the method of putting up mail in the offices
transportation of mail, and to report at the earliest practicable date, and of origin and
in its handling on the railway mall trains a satisfactory
for this purpose they are authorized by sub-committee or othewrise to sit distribution
can be made in post offices on Sundays with less work than is
during the sessions or recess of Congress, at such times and places as they now required.
may deem advisable, to send for persons and papers, to administer oaths,
Thus the law can be made to confer great benefits on postal employees
to summon and compel the attendance of witnesses, and to employ such without
inconvenience to the public.
clerical, -expert and stenographic assistance as shall be necessary; and to
The several committees authorized under the bill are
pay the necessary expenses of such inquiry, there is hereby appropriated
out of any money in the Treasury not otherwise appropriated the sum of made up as follows:
twenty-five thousand dollars to be paid out upon the audit and order of the
Parcels Post: Senators Frank 0. Briggs; Joseph L. Bristow and Nathan
Chairman or acting chairman of said committee. From and after the pass- P. Bryan; Representatives David E. Finley, David J. Lewis and John J.
age of this Act the Post-Office Department shall not extend or enlarge its Gardner of New Jersey.
present policy of sending second-class matter by freight trains.
Second Class Mall Matter and Compensation for Railway Mall Service
• Stringent regulations affecting newspapers and periodicals Senators Jonathan Bourne Jr., harry A. Richardson and John H. Bankhead; Representatives James T. Lloyd, William B. Tuttle Jr. and John
are contained in the bill, the section with regard thereto W. Weeks.
Pneumatic Tubes: Senators Simon Guggenheim and Hoke Smith of
requiring that there be filed with the Postmaster-General a
statement giving the names of the editor and managing Georgia and Representatives Fred. L. Biacktnon and Victor Murdock.
Post Roads: Senators Jonathan Bourne Jr., Boles Penrose, Asie J.
editor, publisher, business managers and owners, the bond- Gronna, Claude A. Swanson and Lee S. Overman and Representatives
holders, mortgages or other security holders, and (in the Dorsey W. Shackleford, Gordon Lee of Georgia, Daniel J. McGillicuddy,
Martin B. Madden and Richard W. Austin.
case of daily papers) showing the average number of copies
—The Sundry Civil Appropriation Bill was signed by
of each issue sold or distributed to subscribers during the
preceding six months; it also requires that editorial matter President Taft on the 24th inst. The Bill as approved by
which is paid for shall be labeled "advertisement". The the President serves to abolish the Tariff Board, the provision for its maintenance having been stricken out in conSection embodying these requirements reads as follows:
That it shall be the duty of the editor, publisher, business manager, or ference. This provision had been eliminated by the House
owners of every newspaper, magazine, periodical, or other publication to of Representatives which passed the bill on June 21, but
file with the Postmaster General and the Postmaster at the office at which an appropriation to continue the work of the
Board for
said publication is entered, not later than the 1st day of April and the 1st
day of October of each year, on blanks furnished by the Post Office Depart- another year was authorized in the bill as it passed the
ment, a sworn statement setting forth the names and Post Office addresses Senate on July 23. The conference report cutting off the
of the editor and managing editor, publisher, business manager, and appropriation
was agreed to by the Senate on August 22 and
owners, and in addition the stockholders, if the publication be owned by
a corporation, and also the names of known bondholders, mortgagees, or by the House on the 23rd inst.
other security holders; and also, in the case of daily newspapers, there
—The Army Appropriation Bill, free from the provision in
shall be included in such statements the average number of copies of each
issue of such publication sold or distributed to paid subscribers during the the original bill which would have legislated Major-General
preceding six months.
Wood out of office of Chief of Staff of the Army (and which
Provided, that the provisions of this paragraph shall not apply to rewas.vetoed on June 17) was signed by President Taft on the
ligious, fraternal, temperance and scientific or other similar publications.
Provided further, that it shall not be necessary to include in such state- 24th inst. In a statement with regard to the new bill, given
ment the names of persons owning less than 1 per centum of the total amount out on the 25th, Secretary of War Stimson said:
of stocks, bonds, mortgages, or other securities.
"I am well satisfied with the outcome of the Army Bill. Not only have
A copy of such sworn statemeht shall be published in the second issue the propositions which the War Department deemed injurious been practiof such newspaper, magazine, or other publication printed next after the cally all eliminated, but some Important constructive legislation has
been
filing of such statement. Any such publication shall be denied the privi- enacted. The bill is almost in every respect a far better bill than the one
eges of the mall if it shall fail to comply with the provisions of this para- which came before the President the last time. The two proposals which
graph within ten days after node° by registered letter of such failure.
were introduced in conference are both gone, namely the limitations placed
That all editorial or other reading matter published in any such news- upon the President's choice of his Chief of Staff,whichwould have
rendered
paper, magazine or periodical for the publication of which money or ineligible Generals Wood and Funston, Colonel Gocthals and
many other
other valuable consideration is paid, accepted,or promised, shall be plainly able officers, and,secondly, the provision which tied up the
hands of the
marked "advertisement." Any editor or publisher printing editorial or Secretary of War in dealing with posts.
other reading matter for which compensation is paid, accepted, or promised,
"The House proposition to cut down the army by five regiments of
without so marking the same, shall upon conviction in any court having cavalry has gone, also the big cut in the number of
Major-Generals and
jurisdiction be fined not less than fifty dollars ($50) nor more than five Brigadier-Generals of the line and in the perpetuation
of the Adjutant
hundred dollars ($500).
General's staff corps in the General Staff.
AUG. 31 1912.1
THE CHRONICLE
523
Buffalo, the bankers continuing by the new palatial steamer
City of Detroit III., thus making a delightful water trip
across Lake Erie, arriving in Detroit Sunday morning
at 10 o'clock. Reservations are rapidly being made by
the bankers who desire to go this way. The "Blue Section" train for the "last minute" delegates will leave New
York Sunday, Sept. 8, at 5 p. m. and arrive in Detroit
at 7:15 a. m. Monday. This train will be a section of
the famous "Wolverine" train. Reservations can be secured on either the "White" or "Blue" section trains at
1216 Broadway.
—For the benefit ofthe many bankers in New York, Philadelphia, Baltimore, Washington and other cities in the East
who desire to attend the 38th annual convention of the
American Bankers' Association, the Pennsylvania RR. Co.
has arranged a special tour to and from Detroit at special
rates. The route traversed by the tour covers a scenic route
between the principal cities of the East and Detroit. WestCongress
—Under the bill passed at the late session of
bound, the Pennsylvania Railorad has arranged a train
creating a commission of three Senators and three Repre- scheduled to leave New York and other cities in the early
sentatives to investigate the conditions under which the evening (both Saturday the 7th and Sunday the 8th),
governments of foreign countries purchase American-grown arriving in Detroit the following morning. Eastbound, the
tobacco, the following have been appointed: Representatives special train will leave Detroit at night and traverse the picHenry D. Flood of Virginia; Charles M. Stedman of North turesque portion of the Pennsylvania system by daylight
Carolina and William B. McKinley of Illinois; Senators the following day, arriving in New York in the early evening.
Thomas S. Martin of Virginia, Henry C. Lodge of Massa- This special train will be of the highest grade of all-steel
chusetts and Frank B. Brandegee of Connecticut. The bill equipment and the counterpart of the famous "Pennsylvania
providing for the commission was passed by the Senate on Special"—the 18-hour train between New York and Chicago.
August 7 and by the House of Representatives on August 24. The number of persons that can be accommodated will be
Its text is as follows:
strictly limited. Letters and reservations for space and
Be It Enacted, &c., That a commission consisting of three Senators tickets may be addressed to Jas. P. Anderson, Assistant
to be chosen by the President of the Senate, and three Members of the General Passenger Agent, Philadelphia, or to Colin Studds,
House of Representatives, to be chosen by the Speaker, is hereby created; such commission is empowered to investigate the conditions under District Passenger Agent, and William Pedrick Jr., Assistant
which the governments of foreign countries purchase American-grown District Passenger Agent, 263 Fifth Avenue, New ,..York
tobacco, and whether there is any combination or understanding between
City.
the representatives of said foreign governments with a view of depressing
the price of the American-grown tobacco. The commission shall report
—A report gained currency this week that the Guaranty
the results of its investigations to the Congress. The sum of $10,000
the
of the commission, including the expenses of wit- Trust Co. of this city would in the near future absorb
to defray the expenses
nesses and clerical work, is hereby appropriated, to be paid out of the Standard Trust Co. of 25 Broad St. This is a revival of the
Treasury.
old rumor which started last March, when James 11. Pratt
—Judge Robert W. Archbald, of the United States Com- retired as Vice-President of tile Guaranty Trust to become
merce Court, who is to be tried under articles of impeach- Vice-President of the Standard Trust. At the same time
ment in December, has asked Chief Justice White of the Charles H.Sabin, Vice-President of the Guaranty, and Albert
United States Supreme Court to temporarily relieve him of H. Wiggin, a director of the Guaranty and President of the
duty. Judge Archbald has performed none of the duties of a Chase National Bank, were elected directors of the Standard.
member of the Court since the charges against him were That no formal steps have been taken toward this end is
brought by the Judiciary Committee of the House of Repre- evidenced by this statement, issued yesterday by Charles
sentatives.
H.Sabin of the Guaranty Trust Co.:
"There has absolutely been no proposition made by the
—The nomination of Albertus It. Baldwin of Connecticut
to be Chief of the new Bureau of Foreign and Domestic Guaranty Trust Co. to the Standard Trust Co. along lines
Commerce in the Department of Commerce and Labor was of a merger or a purchase up to this date. Whether there
sent to the Senate by President Taft on the 23d inst. and will be one made in the future I am not in any position to
confirmed by that body on the 24th. Oscar P. Austin and say. The matter has never been brought before our board
Etherd A. Brand are the assistant chiefs. The new bureau is of directors in any shape, form or fashion."
It was also stated publicly last week that the Guaranty
a consolidation of the Bureau of Manufactures and the
Bureau of Statistics in the Department of Commerce and Trust Co. will increase its capital stock from $5,000,000 to
Labor. Mr. Austin was formerly Chief of the Bureau of $10,000,000 at the next meeting of the board, Oct. 1. While
Statistics and Mr. Baldwin was formerly Chief of the Bureau no official confirmation could be had yesterday, it is intimater in well-informed quarters that there is a strong possiof Manufactures.
bility that this will be done.
names of those who are to deliver addresses at the
—The
—Henry G. Lewis, Treasurer of the Hudson Trust Co. of
general session of the convention of the American Bankers'
Association, which takes place the week of Sept. 9 at Detroit, this city, died on the 24th inst. after a brief illness, of pneuwere announced this week. Hon. Robert W. Bonynge of monia. His death occurred a few days after his return from
Denver, member of the National Monetary Commission, will a trip abroad, where his illness had developed. Mr. Lewis
discuss the subject of "Banking and Currency Reform"; was thirty-five years of age. Prior to his connection with
Charles A. Conant of New York City will speak on "Land and the trust company he had been Cashica of the Consolidated
Agricultural Credits"; Andrew M. Soule, President of the National Bank, now the National Reserve Bank. He was
and
Georgia State College of Agrculture and Mechanic Arts, and Secretary and director of the Jones Change Register Co.
United States Senator William Alden Smith, whose topics Treasurer of St. David's Society.
—George W. Close, President of the Commercial Savings
are not made known, will also address the convention.
on the 24th inst.
delegation of bankers—the forerunners to the Bank & Trust Co. of Toledo, died suddenly
—A large
of the American Bankers' Mr. Close, who was sixty-two years of age, had been President
thirty-eighth tinnual convention
of the institution for two years.
Association which will assemble in Detroit during the week
—The State Bank of Italy, designed to cater to the Italian
from this city last Saturday on the
of Sept. 9th—departed
New York Central Lines "Red Section" train en tour to population of Chicago, opened for business on the 19th inst.
Yellowstone Park, Salt Lake, the Colorado Rockies and in quarters at South Halsted and Taylor Streets that city.
Detroit. This tour was arranged at the request of a large The institution has a capital of $200,000 and surplus of
number of bankers and friends who participated in the trip $50,000 and is under the management of P. • Schiavone,
to Los Angeles and the Canadian Rockies in 1910 and trans- President; Dan J. Schuyler Jr., Vice-President; Fred. A.
continental trips in other years, when Charles Eliot Warren, Farnham, Cashier, and Michael Schiavone, Assistant Cashier.
Cashier of the Lincoln National Bank, this city, was chair- It is stated that the bank is the first of its kind, operating
under the Illinois banking law, to open in Chicago.
man of the Transportation Committee.
—Judge Martin B. Koon, Vice-President of the North• The "White Section" train of the New York Central Lines
will leave New York Saturday, Sept. 7, at 10:30 a. m., for western National Bank of Minneapolis, and a prominent
"The provisions of the former bill In regard to detached service, which
would have seriously hampered the work of the Philippines Constabulary
and the engineers of the Panama Canal, have been modified so as to remove
that objection.
"On the other hand, a consolidation has been effected of the quartermasters, subsistence and pay corps, a reform which has been pressed for
many years, and which will, I believe, result in much economy of effort and
In greater simplicity and efficiency In those three lines of army administration.
"There are some features of consolidation which I do not approve, such
as the reduction In the number of officers by 40, a result which will not
only reduce to that extent the total number of officers of the army, but
will tend to clog promotion in the line. I am, however, assured by the
leaders of both Houses that remedial legislation which will to a certain
extent offset this will be favored by them next winter. The creation of a
service corps is another reform which has been urged by the War Department, and which will, I believe, result In more economical and effective
administration.
"The most important item of legislation, however, in my opinion, is the
taking of the first step toward creating a regular army reserve. This is a
most satisfactory outcome of the long contest over the length of term of
enlistment. At present, while the regiments of the regular army arc kept
at half strength in time of peace, there is no provision made by law for
filling their ranks in case of war."
524
THE CHRONICLE
factor in the development of the city, died on the 20th inst.
after a brief illness. Judge Koon was born in New York
State, at Altay, in 1841, but while he was still a young boy
his parents moved to Michigan. He was admitted to the
Michigan • bar in 1868 and from 1870 to 1874 was County
Attorney at Hillsdale. In 1878 he located in Minneapolis and
his activity in promoting the interests of that city dated
almost immediately from the time he took up his abode
there. He became identified with the Northwestern National in 1881, and for nearly thirty-one years had held
the office of senior Vice-President. From the time of its
organization in 1883 until his death, he was also First VicePresident of the Minnesota Loan & Trust Co. For the
period from 1883 to 1886 he served as Judge of the Fourth
Judicial District of Minnesota. With his resignation from
the bench he resumed the practice of law, and was senior
Member of the law firm of Koon, Whelan & Hempstead.
He had been President of the Minneapolis General Electric
Co. before its sale, and was a director of the Great Western
Elevator CO., the Electric Steel Elevator Co., the RussellMiller Milling Co., the Twin City Rapid Transit Co., the
Electric Malting Co. and the George W. Van Dusen Co.
-The directors of the Grand Rapids Savings Bank of
Grand Rapids, Mich., have recommended that the capital
be increased from $200,000 to $250,000. Charles W.
Garfield, heretofore President of the bank, was this week
elected Chairman of the Board, and United StatesSenator
William Alden Smith was made President. Frank S.
.
Coleriian, who retains the cashicrship, has also become
First Vice-President, succeeding Mr. Smith. In futherance
of the plan to enlarge the directorate from 15 to 18 members,
two new directors were placed on the board this week, viz.:
Adolph H. Brandt, who in addition was elected Second
Vice-President of the bank, and Henry Herpolsheimer.
Mr. Brandt resigns as Cashier of the Kent State Bank of
Grand Rapids.
-Clarence H. Howard, President of the Commonwealth
Steel Co.,has.been elected a director of the Boatmen's Bank
of St. Louis, to succeed Robert McKittrick Jones,r esigned.
The latter's resignation, it is stated, was due to his added
duties as Chairman of the Building Committee of the Railway
Exchange Building.
. -B.F. Yoakum, Chairman of the board of directors of the
St. Louis & San Francisco RR., has been elected a director
of the Canal-Louisiana Bank & Trust Co.'of New Orleans.
Monetavg3ConxinerrialK•nglisitBenis
[VoL. Lxxxxv.
grtnxnxercial and XiscelanconsBatIg
Breadstuffs Figures brought from page 559.
-The statements below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August ). for each of the last three years has been:
Receipts at-
Flour.
Wheat.
Gorn.
Oats.
B irley.
Rye.
bbls.19610s bush. GO lbs bush 56 lbs bush. 32 lbs. bush.48Ibs bu.56 lbs.
Chicago _ _ _
117,515 1,554,50(
1,116,750 3,194,80(
50,400
215,300
Milwaukee_ _
342,800
118,080
49,185
228,601
35,200
202.800
Duluth
37,07:
23,190
18,75.
34,667
33,8711
Minneapolis_
1,784,940
34,260
293,800
458,370 180,770
Toledo
328,50('
462,000
41,100
Detroit
5,200
43,20
34,70(
3,000
Cleveland _
39,411
18,91:
7,610
854
750
350,440
St. Louis_ _
555,900
38,510 1,366,761
17,600
7,700
Peoria
398,750
314,713
61,000
32,000
12,400
6,000
Kansas City
1,720,800
222,700
157,200
041,099
5,303,950
3,624,741. 1,435,052
8,270,20C • 959,813
314,737
243,948
101,681
Since Aug. 1
1912 ____ 1,164,824 29,675,463 9,013,44( 18,424,13: 2,198,497
1,279,811 23,418,581, 11,097,601 18,763,78( .2,538,630
1911
1,397,489 36,469,443 11,869,09( 34,798,277 2,521,55))
1910
854,742
636,908
356,664
Total wk.'11'
Same wk.'11
Same wk.'10
266,454
346,473
349,017
7,340,483
4,789.791.
7,878,955
2,206.655
3,908,634
3,858.890
Total receipts of flour and grain at the seaboard ports for
the week ended Aug. 24 1912 follow:
Receipts alNew York
Boston
Philadelphia
Baltimore
Richmond
New Orleans._ _ _ _
Galveston
Mobile
Montreal
St. John
Flour.
bbls.
140,090
33.756
20,818
22,553
38,843
Wheat,
bush,
741,300
284,023
514,861
422,441
314,800
387,000
5,000
600
63,405 1,136,002
2,346
Total week 1912 326,811
Since Jan. 1 1912 10873.691
Week 1911
394,776
Since Jan. 1 1911 11905,737
Corn,
bush.
30,375
25,000
30,598
87,000
1.000
1,000
55,789
Oats,
Barley,
bush,
bush.
770,125
108,416
259,624
165,538'
Rye,
bush.'
715
2,784
134.300
10,000
485,515
1,154
53,403
3,801,027
230,762 1,934,672
3,499
53,403
74,745.948 26,200,838 32,144,7843,033,329 302,072
3.030,919
45,746
369,133 1,632,720
1,486
51,814,478 50,342,172 37,207,2762,795,231 377,901
* Receipts do not include grain passing through New Orleans for foriegn ports
on throtuh bills of lading.
The exports from the several seaboard ports for the week
ending Aug. 24 are shown in the annexed statement:
Wheat,
bush.
469,490
395,196
197,000
212.684
152,000
241.000
600
720,000
Corn, Flour,
bbls,
bush.
24,055 81,976
3,353
2,000
26,114
5,630
1,600 29,470
9,301
5,000
1,000
31,000
2,346
244.000
1,154
33,000.
_2,387,970
2,576,629
53,369 170,076
305,527 208,241
277,609
249,626
49,912
Exports fromNew York
Boston _
Philadelphia ____
Baltimore
New Orleans__ __
Galveston
Mobile
Montreal
St. John
Total week
Week 1911
Oats,
bush,
31,755
Rye, Barley,
bush.
bush.
16,912
Peas.
bush.
3,373
GOO
700
3,773
1,657
The destination of these exports for the week and since
English Financial Markets-Per Cable.
July 1 1912 is as below:
The daily closing quotations for securities, &c., at London,
Wheat
---Corn
-Flour
Since
Since
Since
as reported by cable, have been as follows the past week:
Week
July 1
July 1
Week
Week.
July 1
Aug.24.
Erports for week and Aug.24. 1912.
1912.
1912.
Aug. 24.
London.
bush.
Since July Itobbls.
bush.
bush.
bbls.
bush.
Week ending Aug. 30.
Sat.
Thurs.
Mon.
Fri.
Wed
Tues.
United Kingdom__ 61,903 637,365 1,527,979 9,328,605
26,714
25,714
Silver, per oz
28 9-16 289d. 287%
28 7-16 23 11-16 28 13-16 Continent
4
855,641 5,834,784
14,000
17,332 119,037
Consols, 235 per cents
75 7-16
75 7-16 7534
7574
7534
3,750 170,372
202,209
3,074
So.& Cent. Amer_ 24,759 203,390
For account
75 7-16 75 7-16 7534
7534
75 11-16 West Indies
GOO
262,050
3,675
23,377
68,977 253,280
French Mentes(in Pads)__fr.
92.70
92.75
92.50
92.65
92.75
1,125
5,233
Brit. No. Am.Cols_ _ 2,105
•
Amalgamated Copper Co_ _ _ _
907%
907%
907%
8934
2,000
9134
11,332
1,204
46,440
Other Countries__ _
Am.Smelt. & Refining Co _
90
9035
00
587%
c8854
b Anaconda Mining Co
9%
935
93,
954
97%
53.369
Total
517,430
170,076 1,264,745 2,387.970 15,339,436
Ateh. Topeka & Santa Fe...._
1114
111%
111%
11231
1113,(
Total 1911
208.241 1,313,381 2,576.629 13,642.553 365.527 3,857,814
Preferred
105
105
105
105
105
Baltimore & Ohlo
11034
110%
110%
11094
11054
The world's shipments of wheat and corn for the week
Preferred
89
8935
90
90
89%
Canadian Pacific
2827%
27931
,
2843.1 c28335
28094
ending Aug. 24 1912 and since July 1 1912 and 1911 areshown
Chesapeake & Ohio
83%
8434
8435
8431
837%
Chicago Great Western
19
1954
in the following:
1934
1934
19%
Chicago MUw. & St. Paul__ _
109
1094
1094
10934
10894
Denver & Rio Grande
2234
22;5
2234
22%
2234
. Preferred
40
40
40
40
40
Wheat.
Corn.
Erie
38
37%
3834
387%
38
First preferred
553,5
55%
557%
55%
557%
1911.
Exports.
1912.
1912.
1911.
Second preferred
46
46
46
46
46
0
Great Northern, preferred
14234
1427%
143%
142%
14394
Since
Since
Stnce
Week
Week
Since
Illinois Central
134%
13454
134%
134%
13434
July 1.
July 1.
Aug. 24.
July 1.
Aug. 24.
July 1.
Louisville & Nashville
171%
17134
168%
171%
17134
Missouri Kansas & Texas
2935
aox. 29% 29%
2934
Bushels. ,
Bushels: Bushels. Bushels.
Bushels. Bushels.
Preferred
65
65
64
64
65
North Amer. 3,568.000 24,104,000 22,856,000
59,000 3,088,000
Missouri Pacific
39%
3935
3935
40
39
Russia
2,593,000 12,309,000
2,224,000 14,391,000 19,776,000 357,00(
0
Nat. RR.of Mex., 1st prof
68
68
68
68
68
Danube
5,620,000 16,771,000
1,568,000 7,336,000 8,040,000 459,00(
>4
Second preferred
31;5
32
319,1
32
31%
Argentina _ _ 224,000 15,140,000 10,800,000 3,832,00C 47,102,000
N. Y. Central & Mud. Riv_ '
119
11835
119
11894
119
Australia• _ _ 1,096,000 3,864,000 7,752,000
N. Y. Ontario & Western_.._ 4
38
387%
3835
383,1
38
India
1,163,00( 16.280,000 11,666,000
Norfolk & Western
0
121%
121
12135
121
121
0th.
1,382,000 1,398,000
184.00(
0
Preferred
91
91
91
r
-Northern Pacific
132
1313
5
1313-5
1327%
13134
'nn:12 non Q" 1703 OP() R‘).99g 000 nts.001 55 :374.000 32.168,000
a Pennsylvania
64
63%
64
64
637%
a Reading Company
87%
87
88
8735
8634
The quantity of wheat and corn afloat for Europe on dates
a First preferred
46
46
46
40
46
a Second preferred
49%
-49;5
4934
mentioned was as follows:
Rock Island
274
a4
.
2
2i.
. ii
267%
634
Southern Pacific
114%
11335
11494
11494
11434
Southern Railway
31%
314
3135
3194
3154
Corn.
Preferred
Wheat.
82%
82
8234
827%
825.4
Pacific
Union
176
1767%
1757%
17534
1763.4
United
' United
. Preferred
9354
93%
937%
9354
9334
Kingdom. Continent. Total.
Kingdom. Continent. Total.
11.8. Steel Corporation
c753.5
77
7535
763,1
7534
Preferred
1167%
1164
116%
116%
1164
Bushels.
Bushels. Bushels. • Bushels.
Wabash.
Bushels. Bushels.
434
435
434
435
434
Aug. 24 1912_ 19,610.000 15,264,000 34,004,000 0,095,900 25,534,000 34,629,000
• 144
• Preferred
14%
1435
1494
1494
Aug. 17 1912_ '1,072,000 12,832,000 33,904,000 8,517,000 24,046,000 32,563,000
70
Extended 4s
70
70
70
70
Aug. 26 1911_ '1.968,000 16,520,000 38,488,000 3,723,000 3.936,000 7,1359,000
t. eon one 7 Ion nno 07 5140 OAP 11 19g non
,
a Price per share. 9£ sterling. c Ex-dividend.
^1.165.000
AUG. 31
1912
r
DIVIDENDS.
The following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
Name of Company.
Per
When
Cent. Payable.
Railroads (Steam).
Atch. Top. & Santa Fe, corn.(qua(No.29) 14 Sept.
Sept.
Atlantic Coast Line Co., common (guar.) 3
3
Sept.
Baltimore & Ohio. common
2
Preferred
Sept.
2
Sept.
Boston & Albany (guar.)
Boston & Maine, common (guar.)
Oct.
1
Preferred
Sept.
3
Canadian Pacific, com.(quar.)(No.65)-- 24 Oct.
Preferred
Oct.
2
Chesapeake & Ohio (guar.)
14 Sept.
Chestnut Hill (quar.)
.
14 Sept.
Chicago Milwaukee & St. Paul, common. 24 Sept.
Preferred
334 Sept.
1% Oct.
Chicago & North Western, corn.(quar.)_
Oct.
2
Preferred '(ilier.)
14 Sept.
On. N.0. & Tex. Pee., pref. (quar.)1% Sept.
Cleve. & Pittsb., reg. guar (guar.)
1
Sept.
Special guaranteed (quar.)
Sept.
Cripple Creek Cent., cont.(qu.)(No. 11). 1
1
Sept.
Preferred(quar.) (No. 27)
24 Sept.
Delaware & Hudson Co. (guar.)
2
1•
Grfind Trunk, guaranteed
24 I
First and second preference
334 Aug.
Illinois Central (No. 115)
Mimi. St. P. & S.S.M..com.&pfd.(No.19) 334 Oct.
N. Y. Chicago & St. Louis. tat & 2(1 pref. 24 Aug.
2
Sept.
N. Y. N H. & Hartford (guar.)
34 Oct.
Norfolk Snithern (guar.)
14 Sept.
Western, common (Guar.) _
Norfolk Sc
14 Aug.
Pennsylvania(guar.)
3
Sept.
Phila. Germ. & Norristown (quar.)
1% Sept.
Pitts. Youngs. & Ashtab. corn. & pf.(qu.)_
Sept.
Reading Company, first pref. (quar.)___. 1
1
Sept.
St. Joseph South Bend & Southern, corn_ _
24 Sept.
Preferred
St. Louis Rocky Mtn. dr Pee. pref.(No. 1) 14 Aug.
14 Oct.
Southern Pacific (guar.) (No. 24)
24 Oct.
Union Pacific, common (quar.)
2
Preferred
Oct.
334 Sept.
Utica & Black Rivet
Wisconsin Central, preferred
2
,Oct.
Street and Electric Railways.
American Railways (guar.)
14 Sept.
Arkansas Val. Ey., L. & P., pref. (gu.).... 1% Sept.
Brock. & Plymouth St. fly., pref.(No. 7) 3
Sept.
14 Oct.
Brooklyn Rapid Tran.sit (guar.)
14 Sept.
Chicago Elevated Rye., pref. (quar.).--Oct.
Chicago Rye. Participation Ms.. Ser. 1.. $6
Chippewa Valley fly.,. Lt. & P., pf. (atl.) 1% Sent.
Columbus(0.)Ity., corn •(ltr.)(Nn. 37)--- 14 Sept.
Sept.
3
Connecticut Valley Street fly., pref
14 Sent.
Detroit United fly. (guar.)
24 Sept.
Elmira Water, Light & RR. preferred
'
Federal Light & Tree.. nref. OM.)(No.9) 14 Sept.
Ft. Wayne dc Nor. Ind. T ac., pref.(guar.) 14 Sept.
Oct.
1
Louisville Traction, common (guar.)
24 Oct.
Preferred
Sept.
Northern Ohio Tree. & LI;ht, corn. (qu.) 1
1% Sept.
Non-Texas El. Co.,corn.(qu.)(No. 12)-_
3
Sept.
Preferred (No 11)
24 Sept.
Philadelphia Company, preferred
Sept.
Portland (Ore.) fly., L. Sr P.(qua (No.7) $1
14 Sept.
Rochester fly. & Light„ pref. (guar.)._ _
1.6 Aug.
St. Jos. Ry., L.,H.&.P.,com.(qu.)
(No16)
Second & Third Sts. Pass., Phila. (attar.) $3 Oct.
Tennessee fly., Lt. & &
Pow., pf.(No. 1) 114 Sept.
3
Aug.
Terre Haute Tract. & Light,. pref
Washington(D.C.) Ry.&Elec., coin. (qu) 1
Sept.
14 Sept.
Preferred (quar.)
14 Sept.
W est Penn. Tr. & Wat. Pow., pf. (gu.)
Aug.
Whatcom County fly. & Lt., pf. (No.18) 3
Banks.
(ht-momthly)
234 Sept.
'Chemical National
Trust Companies.
3
Sept.
Citizens', Brooklyn (No.8)
Miscellaneous.
$3
Sept.
Adams Express (guar.)
3
Sept.
American Coal
Oct.
$3
American Express(guar.)
134 Aug.
American Gas (quar.)
American Locomotive, preferred (guar.)__ - 1% Oct.
3 ti gent.
Amer. Pneumatic service, 1st prof
1
Sept.
Second preferred
2
Sept.
American Radiator, common (quar.)_ _ _
1
Sept.
Am.Smelt. & Rfg.,corn.(an.)(No.36) _
1.34 Sept.
Preferred (quar.)(No 53)
American.Sumatra Tobacco, preferred_ _
334 Sept.
American Sugar Refining, com.&pf.(qu.) 1% Oct.
1;4 Sept.
Ainerican Telegraph & Cable (quar.).
24 sent
American Tobacco, common
20
tr-pt.
Common (extra)
. 1
Oct.
American Writing Paper. preferred...
1% Aug.
Associated Merchants, corn. (guar.)
34 Aug.
Common (extra)
Sept.
Blackstone Val. G.&E., com.(qu.)(No. 3) $2
$14 Sept.
Preferred (quar.) (No. 15)
(No.43) 14 Sept.
.
Borden's Cond. Milk, nref.(guar.)
6
Sept.
British-American Tobacco, Ltd
14 Oct.
Brooklyn Union 09.S (quar.)(No.46)
85
Sept.
Buckeye Pine Line (guar.)
13utterick Comnanv (guar.)
Vi Sept.
$12 Sept.
Calumet & Hecia Mining (guar.)
)et.
1
Central Leather, preferred (guar.)
6
Sept.
Chesebrough Manufacturing (quar.)
Sept.
4
Extra
2
Sept.
Chicago Telephone (guar.)
24 Sept.
Childs Company,common (guar.)
1% Sept.
Preferred (guar.)
1-3 Sept.
Cities Service, common (monthly)
Common (monthly.
1-3 )ct,
4 Sept.
Preferred (monthly)
Preferred (monthly)
34 Oct.
Citizens Gas of Indiananolis(No.6)
334 Sept.
Columbus (0.) GM & Fuel, corn.(guar.).
34 tug.
114 sePt.
Coasolidated Gas (guar-)
Consol.Gas,El. Lt. & P.,Balt.,com.(qu.) 134 Oct.
3
Oct.
'Preferred__ - 814 Sept.
Crescent Pipe Line
)ct.
Cuban-American Sugar, pref.(quar.)_ _
1% Sept.
Deere & Co., preferred (guar.)
14 Sept.
Diamond Match (oilar.)
du,Pont Internet Powder. pref. (guar.). 134 )et.
134 Oct.
Preferred (extra)
24 Oct.
Eastman Kodak,common (quar.)
10
Oct.
Common (extra)
14 Oct.
Preferred (guar.)
Federal Mining & Smelting, pref.(quar.). 111 , Sept.
Federal Utilities, prof. (guar.) (No. 51.. 14 Sept
4
Sept.
Galena-Signal Oil,common (guar.)
2
sent.
Preferred (quart)
14 Sept
General Asphalt, pref. (quar.)
14 Sent.
.General • liemIcal, corn..(quar:i
1
Oct.
,ter.ed ((noir 1_
Generni Cliemleat. n,
525
THE CHRONICLE
10
3
S
30
1
3
1
1
30
4
3
3
1
1
2
3
3
I
1
20
Books Closed.
Days Inclusive.
Holders of rec. July3la
Aug. 31 to Sept. 9
Holders of rec. Aug. to
Holders of rec. Aug. la
Holders of rec. Aug.31a
Holders of rec. Aug.31a
Holders of rec. Aug.150
Sept. 1 to Oct. 2
Sept. 1 to Oct. 2
Holders of rec. Sept.6a
Aug. 21 to Sept. 3
%tar. 13 to Sept.29
tug. 13 to Sept. 29
Holders of rec. Sept.3a
Holders of rec. Sept.3a
fielders of rec. Aug. 24
Holders of rec. Aug.10a
Fielders of rec. Aug,10a
Holders of rec. Aug. 17
Holders of rec. Atig.17a
Holders of rec. Aug.28a
31 Holders of rec. Aug la
15 Holders of rec.Sent.20a
31 Holders of rec. Aug. la
30 Holders of rec. Sept.90
1 )folders of rec. Sep. 14a
19 Holders of rec. Atig.31n
31 Holders of rec. Aug. ba
4 kua. 21 to Sent. 3
3 Holders of rec. Aug.20a
12 Holders of rec. Aug 27a
16 Sept. 11 to Sept. 16
16 Sept. 11 to Sept. 16
31 tug. 11 to Sept. 2
1 Holders of rec. Sept. 9a.
1 Sept. 10 to Oct. 8.
1 sent. 10 to Oct. 8:
30 Holders of rec. Sept.14a:
1 Holders of rec. Sept.7a,
16 Aug. 30 to Sept. 1
16 :Ioiders of rec. Aug.31a
16 Holders of rec. Aug.302
I Holders of rec. Sept. 9
2 Holders of rec. Aug.21a
1 Holders of rec. Aug 2a
1 Holders of rec. Aug.31a
2 Holders of rec. Aug.15a
1 Holders of rec. Aug.14a
3 Holders of rec. Aug.160
1 Aug. 23 to Sept. 1
3 Holders of rec. Aug. 15
3 tug. 23 to Sept. 2
1 Sept. 11 to Sept. 15
1 Sept. 11 to Sept. 15
15 Holders of rec. Attg.31a
3 Holders of rec. Aug.15a
3 Holders of rec. Aug.15a
2 Holders of rec. Aug.100
3 Holders of rec. Aug. 12
3 Holders of rec Aug.27a
31 Holders of rec. Aug.15a
1 Holders of rec. Sept. 2a
3 tug. 21 to Sept. 2
31 tug. 22 to Sept 2
1 Aug. 18 to Aug. 19
1 Aug. 18 to Aug. 19
16 Sept. 7 to Sept. 16
31 Holders of rec. Aug.28a
1 Aug. 25
to
Aug. 31
1 Holders of rec. Aug. 20
3 Aug. 13 to Sept. 2
3 Holders of rec. Aug.31a
1 Holders of rec. Aug.31a
31 Holders of rec. Aug.20a
21 Sept. 22 to Oct. 20
3° Sept. 6 to Sept 30
30 sent. 6 to Sept. 30
30 5ept. 22 to Sept. 30
16 Aug. 31 to Sept. 8
Aug. 21
3 Aug. 13 to
1 Aug. 21 to Sept 2
2 Holders of rec. Sept 3a
3 Holders of rec. Aug.310
3 Holders of rec. Aug.15a
3 Holders of rec. Aug. 1.5a
1 Holders of roe. Sen..14a
31 Holders of rec. Aug. 26
31 Holders of rec. Aug, 26
3 Holders of rec. Aug. 16
3 Holders of rec. Aug. 16
15 Holders of rec. Sept. 5
30 See note nt
I sent. 15 to Sept.30
16 Holders of rec. Aug. 22
3 Holders of rec. Aug.15a
20 Holders of rec. Aug. 22
I Holders of rec. Sep.10a
27 Sept. 4 to Sept 27
27 Sept. 4 to Sept. 27
30 Holders of rec.Sert.21a
10 Sept. 4 to Sept. 10
10 Sept. 4 to Sept. 10
1 Holders of rec. Aug. 20
1 Holders of rec. Sept. 15
1 Holders of rec. Aug. 20
1 Holders of rec. Sept. 15
28 Sept. 13 to Sept. 28
31 Holders of rec. Aug. 15
16 Holders of rec. Aug 14
1 Holders of rec. Sept. 20
1 [folders of rec. Sept. 20
16 Aug. 21 to Sent. 16
1 Holders of rec. SePt•16a
1 Aug. 20 to Sept. 2
16 Holders of roc, Ang.310
1 Sliders of rec. Sept.20a
1 Holders of rec. Sept.20a
1 Holders of rec. Aug.31a
1 Holders of rec. Aug.31a
1 Holders of rec. Aug.31a
15 Aug. 25 to Sept. 14
3 Holders of rec. Aug. 15
32 Sept. 1
to hept. 17
31 Sept. 1 to Sept. I
Holders of rec. Aug 15a
:3 Holders of rec. Ang.23a
1 rintdors, of re,. Fzont.lort
When
Per
Cent.. Payable.
Name of Company.
B mks Closed..
Days Inclusive.
MIscelltneotts (Concluded).
1 Holders of rec. Sept. 20
General Chemical of Calif., 1st pf (qu.)- 134 Oct.
General Electric Mara
2
Oct. 15 Holders of rec. Sett.7a
d Great Lakes Towing, pref. (guar.).--1 sent. 17 to Oct. 1
134 Oct.
Great Northern Paper (guar.)
14 Sept. 1 Aug. 18 to Sept. 2
Greene Cananea Copper
25e. Aug. 31 Wirier. of roe Atia.14a
Harbison-Walker Refract., corn. (quar.)_
% Sept. 2 Holders of rec Aug. 20
Harrison Bros. & Co., Inc. pref.(quar.)I
Jet.
I -cot. L(3 to Oct. 1
14 Aug. 31 Aug. 20 to Aug. 30
IndcPendent Brewing of Pittsb., pref_ _
Indiana Lighting
1
Oct.
I sent. 21 to Sept:30
ept. I Holders of rec. July 313
Internat. Harvester, pref. (au.) (No. 22, 1% ,
534 Sept. 3 Aug 14 to SePtt 2
International Nickel, common (guar3Aug. 31 Aug. 22 to Sept.
Internat. Smelt. & Rig. (qu.)(No. 13)_. 2
Intern. Smokeless Pow.&Chem.,com.(qu)
34 Oct. 1 Holders of rec. Sept.20a
1 Holders of rec. Sept.20a
Oct.
Common (extra)
1
Nov. 15 Holders of rec. Nov. 5a
Preferred
4
Kings County El. L. Sc P.(9u.)(No. 50)- 2
Sept. 3 Holders of rec. Aug.21a
Laclede Gas Light, common (guar.)
134 Sept. 1( Sent. 1 to Sept. 15
Lake of the Woods Milling, Ltd., corn. 2
Sept. 3 Holders of rec. Aug. 21
Preferred (guar.)
134 Sept. 3 Holders of rec. Aug. 21
Lehigh Coal Sc Nay.(guar.)(No. 135) ,
Aug. 3 Holders of tee. July3la
2
1 Holders of rec. Sep. Ila
Mackay Companies, corn. (qu.)(No. 29) 134 Oct.
I Holders of rec. Sep. lla
Oct.
Preferred (guar.)(No. 35)
1
blahoning Investment
14 Sept. 13 Holders of rec. Aug.23
May Department Stores, corn. (quar.)-. 1% Sept. I Holders of rec. Aug•r5
Middle 'West Utilities, pf.(qu.)(No. 1)- 14 Sept. 1 Holders of rec. Aug.15a
Montreal Cottons, cont. and pref.(guar.)_
opt. If
134
Muskogee Gas dc Elec., pref.(guar.)
eat. 1( Holders of rec. Aug.31a
134
National Biscuit, corn.(guar.)(No. 57)- 134 Jct. 16 Holders of ree.Sept.28a
Preferred (guar.) (No. 58)
134 ,tig. 31 Holders of rec. Aug.17a
Nat. Enam. Sc Stamp., pref. (guar.).
.pt. 3( Holders of rec. Sept.10a
134
National Lead, corn. (guar.)
"Pt It Sept. 14 to Sept..17
84
Aug. 27
,nt If Aug. 24 to
Preferred (guar.)
National Transit (guar.)
75,
lr 'ept. 1 to Sept. 15
-ept. 11
Nevada C,onsol!detect Copper (quar.)_ _ _ 3714c Sept. 30 sent. 7 to
New England Telep. & Teieg.(quar.)- --t `folders of rec. Sept. 10
134
N. Y. & Queens El., L.&P., pref. (guar.) 1
;Kit. 1 Holders of rec. Aug.23a
New York Transit (quar.)
dolueis of rec. Sept. 21
510
Niles-Bement-Pond,common (:111-ar.)-- -. 14 e ,t. C Sept. 13 to Sept.20
North American Co.(guar.)(No. 34)tet.
14
I Holders of rec. Sent.154
Ogilvie Flour Mills, Ltd., pref.(quar.).... 1% Sept. 2 Holders of rec. Aug. 20
Ohio Oil (guar.)
$1.25 Sept. 20 Aug. 25 to, _Sept. 9
Pabst Brewing, preferred (quar.)
134 Sept. If Sept. 1 to Sept. 15
Philadelphia Electric °Nara
264c Sept. 14 fielders of rec. Aug.21a
13.4 Sept. 1 Holders of rec. Aug. 17a
Pittsburgh Steel, preferred (guar.)
Porto Rican-American Tobacco
4
Sept. 5 Aug. 16 to Sept. 14
Prairie Oil ec Gas (guar.)
Sept. H Holders of rec. Aug.31a
6
Pure Oil, common (quar.)
24 -Sept. 1 Aug. 15 to Aug. 31
Aug. 31
Extra
254 Sept. 1 Aug. 15 to
Quaker Oats, common (quar.)
24 Oct. 15 Holders of rec. Oct. la
Preferred (guar-)
Aug. 31 Holders of rec. Aug. la
134
Preferred (guar.)
114 Nov. 3( Holders of rec. Nov. la
Quincy Mining (quar.)
$1.25 Sept. 23 Holders of rec. Aug. 28
Railway Steel-Spring, pref. (gnar.)
134 Sept. 20 Sept. 7 to Sept. 20
Sears, Roebuck dc Co., preferred (guar.)._ _
1 Holders of rec. Sep. 14a
Oct.134
Southern Pipe Line (quar.)
,
88 Aug. 3 Holders of rec. Aug. 15
South Penn Oil
10
Sept. 14 Aug. 27 to Sept 15
Standard Gas & Electric, pref. (guar.).-- - 2
-,ept. It ticklers of rec. Aug.31a
Standard 011 of Indiana (attar.)
3
Aug. 31 Holders of rec. July3la
Sept. lb Holders of rec. Aug.19a
Standard Oil of New Jersey (quar)
5
to Sent. 1
JO
cut.
Stern Brothers, Pref. (oust.)(No. 7)--13
4
Studebaker Corporation. prof. (guar.)._ _
134 Sept. 3 Holders of rec. Aug.15a
Aug. 31
Union Stock Yards, Omaha (guar.)
14 ,ept. 1 tug. 12 to
United Cigar Mfrs., prof. (quar.)
134 tug. 31 Homers of rec. Aug.7611
United Dry Goods Cos , pref. (quar.)- - 1% Aug. 31 Holders of rec. Aug.24a
U.S. Envelope. preferred
354 Sept. It• tug. 18 to. Sept. 2
114 Sept. 2$ Sept. 1 to Sept.
II. S. Steel Corp., corn. (quar.)
Utah Copper (guar.)(No. 17)
75e. Sept. 3U Sept. 7 to Sept. 11
tiolders of rec. Aug.31a
'Woolworth (F. W.),common(No. I)..
1
opt.
rinIders of roe. SentlOa
Preferred (oliar.) (No. 3t- - ---1
d uirreetion.
rwister (ice not 0.,40,1 tor UM 411V newt
0 Less tot I/111e
m Transfers received in London not later than Sept. 18 will be in time for payment
of dividend.
-The new Philadelphia banking firm of Snowden, Barclay
& Moore will open for business Sept. 3 at 123 South Broad
St. The members of the partnership are: C. Randolph
Snowden, formerly resident partner of Walter C. Stokes &
Co. of New York; William K. Barclay, who is one of the
Board of Governors of the Philadelphia Stock Exchange
and formerly a member of De Silver & Barclay of Philadelphia, and J. Clark Moore Jr., who has been associated for
over twelve years with Chandler Bros. & Co. of Philadelphia.
Snowden, Barclay & Moore are members of the New York
and Philadelphia Stock Exchanges.
Auction Sales.
-Among other securities, the following, not
usually dealt in at the Stock Exchange, were recently sold at
auction in New York, Boston and Philadelphia:
By Messrs. Adrian H. Muller & Sons, New York:
Shares.
Per cent. Share.s.
50 Colo. Land & Impt. Co
650 Indianapolis Gas Co
1
200 Citizens' Gas Co. of Bridge-) $65
5 Franklin Trust Co
port, Conn. (825 elich)_ _ _ .3 lot
l'er cent.
204
270
By Messrs. R. L. Day & Co , Boston:
Shares.
10 National Union Bank
13 Commonwealth Trust Ca
I PacIfic•Mills ($1,000 par)
4 Bigelow Carpet Co
$ per sh
$ per sh. Shares.
218% 3 afanchesteP& Lawrence RR.Co.2214
210
5 Nat. Fire Ins. Co., Hartford_ _ _3774
37674 10 Heywood Bros. & Wakefield
Co., pref.
1704
10454 ex-div.
By Messrs. Francis Henshaw & Co., Boston:
8 per sh.
S per sh. Shares.
Shares.
1
40 Arlington Mills
119-1194 3,320 The New River Co., corn_ _
1,660 The New River Co., pref._ _ _ 15
3 Connecticut Ry.& Lt. Co.,corn.. 78
2 Warren Chambers
5234
By Messrs. Barnes & Lofland, Philadelphia:
$ per sh.
Shares.
200 The Gloucester Ferry Co. ($50
1
each)
16 Independence Tr. Co.($50 ea.) 80
844
7 Amer. Pipe Sc Construe. Co
235
1 First Nat. Bank of Phila
10 Philadelphia Nat. Bank. 460-4604
15 People's Trust Co.($50 each) 50
4 Rittenhouse Tr. Co.($50 each) 55
126
11 Wayne Title & Trust Co
2 Germantown Passenger Ry--113
2 Frank. Sc Southwark Pass. Ry _375
1554
125 Atlantic City (Gas) Co.. corn
25 Enterprise Mfg. Co. vot ar.ctfs_ 1084
10 Fe(I'l HealthSrAcc.Co.($10 ca.) 1434
Binds.
Per cent.
a2,000 Allegheny Valley Ry. Co.
1st 4s, 1942
9914
$1,000 No.Spring. Wet.Co.58,1928 99
$1000 Springfield Was. Co.5s, 1926 99
Tree. Co. •
$1.000 Buff. & Lake Erie
68
1st ref. 5s, 1936
$3,000 Phil. & Erie RR.Co. 1st 5s,
1054
1920
$3,000 Steuben. az Ind. RR. Co.
10031
1st 5s, 1914
845,000 Amer. Union Teleph. Co.
1st 5s, 1957 (Aug. 1910 coupons
$500 lot
on)
$3,000 The Gloucester Ferry Co.
1st 5s, 1928 (Sept. 1911 coupons on)
$2.800
100 shares The Gloucester Ferry lot
)
Co.(aro each'
By Messrs. Samuel T. Freeman & Co., Philadelphiii
Percent.
per sh.lBonds.
Shares.
Construction
61,000 No. Spring.Wat. Co. 5s, 113284...90
20 American Pipe & Co
Co
8454 $1,000 Springfield Wat. Co. 6s, 1926..99
526
THE CHRONICLE
National Banks.—The following information regarding
national banks is from the office of the Comptroller of the
Currency, Treasury Department:
Week ending Aug. 24.
Clearings it—
1912.
Canada—
Montreal
Toronto
Winnipeg
Vancouver
Ottawa _
Quebec
Halifax
Hamilton
St. John
Calgary ...
London
Victoria
Edmonton ``
Regina
Brandon
Saskatoon
Moose Jaw
Lethbridge
Brandford_
Fort William
$
52,795,277
36,674,241
25.230,277
12,582,06(
4,687,591
2,935,757
1,928.465
3.169,260
1,879,346
5.530,186
1,437,522
3,821,524
4,139,761
2,091,894
615,172
2,186,803
1,262,256
674,809
564,768
663,472
1911.
Inc. or
Dec.
On Dep.
Net
Surplus. Loans. Specie. Legals. withC.H Deposits. Reserve.
Average. Average. Average Banks. Average.
$
Brooklyn -_ 2432.l
Bankers
15,672,9
U.S. Mtg.& T. 4,567,4
Astor
1,279,1
Title Gu.& Tr. 12,095,9
Guaranty
22,671,4
Fidelity
1,303,4
LawyersTI&T 6,273,6
Col.=Knicker
7,079.8
Standard
1,389,6
People's
1,710,0
11,682,5
New York
Franklin
1,326,2
Lincoln
557,1
Metropolitan
6,111,5
Broadway
571,0
$
18,440,0
156,444,0
48,806,0
20,056,0
34,219,0
159,141,0
7,811,0
20.073,0
49,615,0
16,714.0
17,449.0
45,451,0
10,801,0
10,687,0
25,710.0
8,730.0
0000000000000
Canadian Bank Clearings.—The clearings for the week ending Aug.24 at Canadian cities, in comparison with the same
week of 1911, shows an increase In the aggregate of 25.3%.
Trust Cos.
00$ omitted.
Q
10.244—The First National Bank of Duncan, Okla. Capital, $50,000;
G. H. Connell, President; J. R. Prentice, Cashier. (Conversion
of the First State Bank of Duncan.)
10.245—The First National Bank of Bradentown, Fla. Capital $40,000.
T. C. Tallaferro, President; Jno. T. Campbell, Cashier. (Conversion of The Bank of Manatee, Bradentown, Fla.)
10,246—The Farmers' National Bank of Rome, Pa. Capital, 25,000.
W. S. Kinney. President; F. R. Powers, Cashier.
VOLUNTARY LIQUIDATION.
6.066—The Citizens' National Bank of Port Alleghany, Pa., Man 4 1912.
Consolidated with The First National Bank of Port Allegany.
Liquidating committee. the Board of Directors of The Citizens'
National Bank of Port Alleghany.
DETAILED RETURNS OF TRUST COMPANIES.
- mo.o.oNaococ9N=mcoNco
,
.oct-vmNoo...ommn‘omr..
APPLIOATION TO CONVERT APPROVED.
The East Bernstadt Banking Co., East Bernstadt, Ky., into "The First
National Bank of East Bernstadt." Capital. $25,000. Correspondent.
East Bernstadt Banking Co., East Bernstadt, Ky.
CHARTERS ISSUED TO NATIONAL BANKS AUG. 19 TO AUG. 20.
[VoL. Lxxxxv.
'S
401,0
31,6
388,0
53.0
1,475,0
1,059,0
228,0
932.0
766,0
21,0
455.0
142,0
353,0
222.0
9,0
324,0
$
$
%
2,405,0 13,880,0 14.4+14.3
15,779,0 117,988,0 15.0+11.8
5,094.0 33,100,0 15.0+13.0
1,677,0 14,356,0 15.2+ 9.6
2,312.0 21,590,0 15.3+ 9.6
17,238,0 116,990,0 15.1+12.8
835.0 6,269,0 15.7+10.8
1,844,0 15,494,0 15.4+10.6
4,813,0 41,434,0 15.0+10.4
2,053,0 15,406,0 15.4+11.7
1.771,0 15,100,0 15.1+10.2
3,641,0 31,846,0 15.0+10.2
1,000,0 10,044,0 15.2+ 9.0
1,113,0 10,1r3,0 15.5+10.0
2,534,0 17,956,0 15.0+12.3
997.0 8,597,0 15.1+101
Totals, Avge
96,723,6 650,147,0 07,118,0 6,859,C 65,112,0 490,184,0 15.9+11.7
Actual figures
Aug. 24 649,345.0 67.952.0 6,750.0 62.609.0 489.469.0 15.2+11.3
The capital of the trust compsines is as touo,,s. bo, omyn, z1,0u0,00u; Bankers,
$10,000,000; United States Mortgage & Trust, $2,000,000: Astor, $1,250,000: Title
Guarantee & Trust, $4,375,000: Guaranty, $5,000.000; Fidelity, $1,000,000;
Lawyers' Title Insurance & Trust,$4,000.000: Columbia-Knickerbocker, $2,000,000;
Standard, $1,000,000: People's, $1,000.000; New York, $3,000,000: Franklin,
$1,000,000: Lincoln, 41,000,000; Metropolitan, $2,000.000; Broadway, $1,000,000;
total, $40,625,000.
SUMMARY COVERING BOTH BANKS AND TRUST COMPANIES.
1910.
1909.
$
%
$
$
41,874,263 +26.1 38,510,989 30,086,326
29,941,014 +22.5 23,924,84 23,306,133
19,676,681 +28.2 15,747,26'; 10,309,984
10,698,178 +17.6 8,427,811 6,096,708
4,400,723 +6." 3,581,691 3,141,034
3,080,091 —4.7 2,451,181 2,174,440
1,527,648 +26.3 1,504,337 1,993,416
2,283,977 +38.
1,753,380 1,495,704
1,459,610 +28.S 1,528,115 1,380,273
5,082,973 +8.8 3,033,220 2,097,318
1,290.729 +11.4 1,098,548 1,027,233
2,424,626 +57.6 1,828,718 1,373,133
2,413,081 +71.5 1,700,000
929,675
1,243,006 +68.2
738,121
._
474,703 +30.0
453,430'
1,243,035 +75.9
946,743 +33.4
549,286 +22.8
434,897 +30.0
Not include d in tot al.
Week
ending Capital. Surplus.
Aug. 24.
Loans,
Specie.
On Dep.
Legal
th C.1I.
Net
Tenders. Banks. Deposits.
Averages.
$
$
$
$
$
$
$
Banks _ _. 133,650.0 197,084,4 1,392,308,0297,016.0 77,775,C
1,428,417,0
Trust cos_ 40,625,0 96,723.6 650,147,0 67,118,0, 6,859,C 65,112,0 490,184,0
Total_Actual
Banks
Trust cos
_ 174,275,0293,808.0 2,042,455,0364,134,0 84,634,0 65,112,0 1,918,601,0
Total_
1,391,490.0292,177.0 77,350,0
1,421,851,0
649.345.0 67,952,0 6,750,6 62,609,0 489,469,0
2,040,835,0360,129,0 84,100,0 62,609,0 1,911,320,0
The State Banking Department also furnishes weekly
returns of the State banks and trust companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the figures are compiled so as to
Total Canada
164,206.895 131,045,264 +25.3 106,371,349 85.411,374
distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
Statement of New York City Clearing-House Banks and following:
Trust Companies.—The detailed statement below shows the
For definitions and rules under which the various items
condition of the New York City Clearing-House members are made up, see "Chronicle," V. 86, p. 316.
for the wed ending Aug.24. The figures for the separate
STATE BANKS AND TRUST COMPANIES.
banks are the averages of the daily results. In the case of
the totals, ac aal figures at the end of the week are also given.
Banks
Trust Cos. State Banks
Trust Cos,
For definitions and rules under which the various items are Week ended August 24. Statein
outside of
in
outside of
Greater N. Y. Greater N. Y Greater N Y Greater N. Y
made up, see "Chronicle," V. 85, p. 836, in the case of the
banks, and V. 92, p. 1607, in the case of the trust companies.
$
Capital as of June 14____
DETAILED RETURNS OF BANKS.
We omit two ciphers (00) in all cases.
Banks
00$ omitted.
Bank of N. Y.
Manhattan Co.
Merchants' ___
Mech. & Met_
America
City
Chemical
Merchants' Ex,
Butch. & Drov
Greenwich_ _ _ _
Am. Exchange
Commerce_ _ .._
Pacific
Chat. & Phen_
People's
Hanover
Citizen's Cent_
Nassau
Market & Fult.
Metropolitan _
Corn Exchange
Imp. & Trad_
Park
East River
Fourth
Second
First
Irving
Bowery
N. Y. County_
German-Amer.
Chase
Fifth Avenue_
German Exch.
Germania
Lincoln
Garfield
Fifth
Metropolis
West Side
Seaboard
Liberty
N. Y.Prod.Ex
State
Security
Coal & Iron
Union Exch.
Nassau, Bklyn
Capital. 'Surplus.
$
2,000,0
2,050,0
2,000.0
6,000,0
1,500.0
25.000.0
3,000.0
600.0
300.0
500,0
5.000.0
25,000,0
500,0
2,250,0
200,0
3,000,0
2,550,0
1.000.0
1.000.0
2.000.0
3.000,0
1.500,0
5.000,0
250,0
5.000.0
1.000.0
10,000.0
4,000.0
250.0
500.0
750.0
5,000.0
100.0
200,0
200,0
1.000,0
1,000.0
250,0
1,000.0
200.0
1.000.0
1.000.0
1,000.0
1,000,0
1.000,0
1,000.0
1.000.0
1,000,0
Loans.
Specie. Legals. Net Depot- 1e.
Average. Average. Average. its, Aver. serve.
—
$
$
$
s
$
%
3,786,1 21,627,0 4,454,0
773,0 19,782,0 26.4
4,685.0 36,900,0 9,466,0 1,616,0 42,800,0 25,9
2,033,3 21,389,0 4,158.0 1,661,0 22,249,0 26.1
8,618.6 59,602,0 12,907,0 1,761,0 58,612,0 25.0
6,324,7 25,207.0 4,209,0 1,903,0 24,715,0 24.7
28,458.3 194,053,0 40.652,0 7.358,0 190,065.0 25.2
7,003,0 29,333,0 4,471,0 2,318,0 26,372.0 25.7
522,9
7,097.0 1,617,0
173.0
7,285.0 24.7
1,950,0
467,0
127,1
54,0
1.890,0 27.5
8,450,0 2,309,0
944,0
185,0
9,550.0 26.1
4,527,1 43,266.0 9,503,0 1,365,0 42,817.0 25.3
15,494,6 140,886,0 26,615,0 10,092,0 125,720,0 29.1
946,2
507,0
580,0
4,647,0
4,265.0 25.4
1,244,8 17,640.0 2,690,0 1,721,0 17,754.0 24.8
470,7
1,918,0
2,164.0 29.7
490,0
154,0
13,340,6 75,647.0 15,697,0 5,582,0 84,126.0 25.2
2,059,6 22,853,0 5,248,0
821.0 22,011.0 26.6
475,0 10,973.0 1.834,0 1,437,0 12,676.0 25.8
1,855,1
9,772,0 1,688,0 1,014,0 10,088.0 26.2
1,684,8 12,827,0 3.211,0
251.0 13.370.0 25.9
5,689,8 49,872.0 8,096,0 5,745,0 58,082.0 23.8
7,749,2 25,788,0 3,732,0 2,126,0 23,117,0 25.3
13,317,3 88,199.0 21,559,0 1,934,0 92,538.0 25,3
60,9
1,495,0
283,0
124,0
1.597.0 25.4
5,831,9 35,277,0 8,117,0 1,900.0 37,441.0 26.7
2,441,5 13,942.0 3,191.0
154,0 13.329.0 25.0
21,585,5 117,115,0 25,284,0 2,159,0 108,753,0 25.2
3,112,/ 36,320.0 6,850.0 2,733,0 37,554,0 25.5
795,2
3,465.0
842,0
3,667.0 25.3
87,0
1,758,4
8.228,0 1,347.0
8,313.0 24.3
674,0
726,5
4,142.0
828,0
236,0
3.957.0 26.8
9,100.9 90,321.0 27,108,0 8,018,0 110,061.0 31.9
13,288,0 2,776.0 1,105.0 15,122.0 25.6
2,214,1
838,1
3,470,0
342,0
528,0
3,431.0 25.3
1,044,2
5,382,0 1,287,0
254,0
6,204.0 24.8
1,738,9 15,218,0 2,911,0
961,0 15,478.0 25.0
1,280,6
8,677,0 1,967.0
286.0
8,728.0 25.8
525,9
3,329,0
564.0
349,0
3,646,0 25.0
2,161,2 11,689,0
904,0 1,935,0 11,388,0 25.0
1.006,7. 4,157,0
927,0
266,0
4,684,0 25.4
2,183,2 25.511,0 5,457,0 2,426,0 30,159,0 26.1
2,707,3 23,070.0 5,904.0
603.0 25,359,0 25.6
833,6
387,0 10.517.0 25.9
8,846,0 2,337,0
355,0 21,196,0 25.1
743,2 16,241,0 4,977,0
418.9 10.389,0 2,607.0
924,0 14,001.0 25.2
493,8
533.0
6.000.0 1,043,0
6,092.0 25.8
360.0
980,5
9,276,0 '1,935,0
9,260,0 24.7
1,127,0
253,0
7,564,0 1.380,0
6,432,0 25.3
Totals, Avge— 133,650,0 197,084,4 1392,308,0 297,016,0 77,775,0 1428.417,0 26.2
Actual figures Aug. 24
1391,490,0 292,177,0 77,350,0 1421,851,0 25,9
Circulation.—On the basis of averages, circulation of nat onal banks in the Clearing
House amounted to $45,163,000, and, according to actual figures, were $45,215,000.
22,525,000
62,275,000
9,323,000
9,750,000
Surplus as of June 14____
38,702,400
170,654,900
12,233,100
12,377,200
Loans and investments_ _
Change from last week_
294,135,800 1,184,925,100
+378.100
—462,400
110,086,600
+265,000
169,922,100
+187,400
Specie
Change from last week.
53,545,200
—1,688,300
123,735,500
+945,800
Legal tenders & bk. notes
Change from last week_
20,711.700
—227,400
10,523,400
+51,000
Deposits
Change from last week_
341,038,100 1,292,797,200
—3,169,700 —5,546,000
116,503,900
—281,900
176,786,000
+78,300
Reserve on deposits
Change from last week_
91,900,100
—2,961,100
142,706.000
+1,223,300
23,280,800
—461,800
23,296,200
—43,700
p,O. reserve to deposits..
Percentage last week
27.8%
28.5%
16.3%
16.3%
21.2%
21,7%
14.4%
14.3%
+ Increase over last week. — Decrease from last week
Note.—"Surplus" includes all undivided profits. "Reserve on deposits" includes
for both trust companies and State banks, not only cash items but amounts due
from reserve agents. Trust companies in New York State are required by law to
keep a reserve proportionate to their deposits, the ratio varying according to location as shown below. The percentage of reserve required is computed on the
aggregate of deposits, exclusive of moneys held in trust and not payable within
thirty days, and also exclusive of time deposits not payable within thirty days.
represented by certificates, and also exclusive of derosits secured by bonds or
obligations of the state or city of New York, and exclusive of an amount equal to
the market value (not exceeding par) of bonds or obligations of the State or City
of New York owned by the bank or held in trust for It by any public department.
The State banks are likewise required to keep a reserve varying according to location, the reserve being computed on the whole amount of deposits exclusive of time
deposits not payable within thirty days. represented by certificates (according
to the amendment of 1910), and exclusive of deposits secured (according to amendment of 1911) by bonds or obligations of the City or State of New York, and exclusive of an amount equal to the market value (not exceeding par) of bonds or
obligations of the State or City of New York owned by the company or held In trust
for it by any public department.
—Tout Cos.— —State Banks—
Total
Reserve Required for Trust Companies
Of
Of
Total
and State Banks.
which
Reserve which Reserve
Location—
Required.in Cash. Required. in Cash
15%
Manhattan Borough
25%
15%
15%
Brooklyn Borongh (without branches in hfanhat.) 15%
20%
10%
10%
734%
15%
Other Boroughs(withnut branches in Manhattan) 15%
10%
Brooklyn Borough, with branches in hi anhattan_ _15%
15%
20%
20%
15%
Other Boroughs, with branches in Manhattan ._.l5%
15%
15%
Cities of the first and second class
10%
Cities of the third class and villages
3%
.
*
10%
Elsewhere in State
The Banking Department also undertakes to present separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House. These figures are shown in the table below, as are
also the results (both actual and average) for the Clearing-
527
THE CHRONICLE
AUG. 31 1912]
-BeBoston and Philadelphia Clearing-House Members.
House banks and trust companies. In addition, we have
the Clearing-House
combined each corresponding item in the two statements, low is a summary of the weekly totals of
thus affording an aggregate for the whole of the banks and institutions of Boston and Philadelphia:
We omit two ciphers(00)in all thesefigures.
trust companies in the Greater New York.
NEW YORK CITY BANKS AND TRUST COMPANIES.
Clear -House Clear:House State Banks & Total of all
Members. Trust Cog. Not Banks &Trust
Week ended Aug. 24- Members.
I
in C.-I . Aver. Cog. Average
Average.
4ctualFigures
$
$
a
Capital as of June 14_ _
S
174,27.5,000
174,275,000
3urphis as of June 14 _ _
293,808,000
293,808,000
28,725,000
203,000,000
81,105,900
374,913,900
Loans and investments 2,040,835,000 2,042,455,000
+43,000
Change from last week -1,446,000
608.524,400 2,650,979,400
-4348,800
-691,800
1,911,320,000 1,918,601,000
Deposits
+2,027,000
Change from last week --8,016,000
a614,555.400 2,533,156,400
+1,051,200
-975,800
3pecle
Change from last week
360,129,000
-6,572,000
364,134,000
-2,649,000
63,786,000
+61,800
427,920,000
-2,587,200
Legal tenders
Change from last week
84,100,000
-903,000
84,634,000
-1,362,000
18,104,600
.
+46,000
92,734,600
-1,316,000
369,527,000
25.98%
374,791,000
26.23%
11,614,500
13.70%
Boston.
July 0
July 13
July 20
July 27
3
Aug
Aug. 10
Aug. 17
Aug. 24
Philadelphia.
July 6
July 13
July 20
July 27
Aug. 3
Aug. 10
Aug. 17
Aug. 24
380,405,500
Banks: cash in vault
Ratio to deposits_
Trust cos.: cash in vault
74,702,000
73,977,000
60,276,100
134,253,100
Aggete money holdings
Change from last week
444,229,000
-7,475,000
448,768,000
-4,011,000
71,890,600
+107,800
520,658,600
-3,903,200
Honey on deposit with
62,609,000
other bks..1.• trust cos
Change from lastvveek -10,063,000
65,112,000
-7,418,000
18,087,500
-146,100
83,199,500
-7,564,100
513,880,000
500,838,000
Total reserve
Change from last week -17,538,000 -11,429,000
89,978,100 603,858,100
-38,300 -11,467,300
18,136,150
-3,625,850
Z of cash reserves of tr list cos
15.26%
Cash in vault
11.34%
Cash on dep. with bks.
15.90%
11.72%
7
15.25'
1.314__ -
27.62%
16.50%
26.60%
17,086,750
449,400
The averages of the New York City Clearing-House banks
and trust companies, combined with those for the State banks
and trust companies in Greater New York outside of the
Clearing House, compare as follows for a series of weeks past:
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK
June
June
July
July
July
July
Aug.
Aug.
Aug.
Aug.
22_ _
29._
6..
13_
20_ _
27_
3....
10_
17_ 24_
2,666,564,3
2,675,205,6
2.699,751,2
2.691,376.4
2,661,002,7
2,658,577,7
2,653,990,4
2,649.899.1
2,651,628,2
2,650.979.4
Deposits.
2,551.635,9
2,564.717,6
2.568,733,3
2,551,294,3
2,535.238,1
2,533,714,8
2,531,377.0
2,523,862,0
2,532,105,2
2,533,156.4
Specie.
$
444,169,5
438,614,0
419,280,9
413.382,5
420,706,3
424,715,6
426,240,0
428,136,2
430,507,2
427,920.0
Legals.
94,364,2
93,770,4
93,032,0
95,210,1
97,547,0
97,255,9
96,637,5
94,811,9
94,054,6
92,738.6
538,533,7
532,384,0
512,312,9
508,592,6
518,253,3
521,971,5
522,877,5
522,948,1
524,561,8
520.658.6
624,498,0
621,239,0
604,1149,7
590,600,1
604,634,5
012,035,5
614,220.7
611,448,1
615,325,4
603,858,1
We omit two ciphers(00)in all thesefigures.
Capt.
tat.
Surplus.
Lega
On
Loans,
Tender Deposit
Disc'Is
with
Net
Specie, and
and
Bank C.-11. Deposits.
InvestNotes. Banks.
.
ments
New ' York City.
II
$
$
$
$
Vanhattan and Bronx.
i
$
50,0
141,0 2,777,0
535,5 3,102,0 051,0
Aetna National__ . .. _ 500,0
69,0
187,0 1,185,0
327,9 1,444,0 154,0
Washington Heigots_ 100,0
35,0
107,0 1,561,0
115,2 1,427,0 341,0
Battery Park Nat.__ 200,0
500,0
626,0 5,722,0
530,0 5,973,0 528,0 458,0
3entury
400,0
888,0 6,024,0
537,6 5,885,0 728,0 400,0
Oolonial
300,0
622,0 7,020,0
805,4 6,458,0 555,0 484,0
Columbia
991,0
200,0
91,0
166,9 1,053,0
46,0 120,0
Fidelity
250,0
315,0 2,646,0
342,8 2,389,0 407,0
35,0
%fount Morris
200,0
411,1 4,334,0 403,0 320,0
619,0 4,564,0
Mutual
281,8 2,788,0 298,0
200,0
305,0 2,641,0
94,0
New Netherlan 1
100.0 1,896,0 235,0
200,0
242.6 2,068,0
06,0
Twenty-third Ward
518,8 4,160,0 561,0 256,0
100,0
737,0 4,647,0
Yorkville
Brooklyn.
669,1 3,760,0 291,0 121,0
450,0 2,937,0
300,0
First National
891,5 5,992.0 636,0 208,0
721.0 5,555,0
252,0
Hanufacturers' Nat
710,7 10,888,0 1,352,0 703,0 1,447,0 13,113,0
1,000,0
Weehanics'
590,4 4,169,0 533,0
702,0 41088,0
77,0
300,0
City_
National
170,4 2,253,0 185,0
315,0 2,236,0
93,0
200,0
North Side
IR Jersey City.
400,0 1,329,1 5,262,0 289,0 352,0 2,095,0 4,269,0
First National
98,0
808,7 3,582,0 182,0
535,0 1,970,0
250,0
Hudson County Nat
440,0 1,408,0
417,2 2,046,0 • 91,0 130,0
200,0
Third National
NI 41flioboken.
57.0
347,0 1,510,0
659,6 3,936,0 180.0
220.0
First National
43,0
228,0 1,165,0
123,0
297,0 3,099,0 168,0
3econd National
1
4 Totals Aug. 24.- t1,597,0 11,219,7 55,896,0 8,877,0 4,299,0 12,166,0 80,127,0
/ Totals Aug. 17_ _ 6,597,0 11,219,7 56,136,0 8,836,0 4,372,0 11,136,0 80,510,0
., Totals Aug. Ill.__ 6,597,0 11,219,7 45,878,0 9,025,0 4.362,0 11,022,0 80,492,0
t 441.647,0 15,038.0 175,778,4
t 438,625.0 15.054.0 152,053,7
t 435,660,0 15,049,0 161,649,1
t 431.132.0 15.021,0 136.091,3
5 435,021,0 15,034.0 150,947,7
t 431,014,0 15,054,0 139,955,5
t 433,602.0 15,090,0 143,986,4
t 428,637,0 15,120,0 127,995,6
a Includes Government deposits and the item "due to other banks." At Boston
Government deposits amounted to $829,000 on Aug.24, against $839,000 on Aug. 17.
t"Deposits" now includes the item of "Exchanges for Clearing House," which
was not previously embraced in the total. "Exchanges for Clearing House" were
reported on Aug. 24 as 810,490,000.
-The following are
Imports and Exports for the Week.
the imports at New York for the week ending Aug. 24; also
totals since the beginning of the first week in January:
FOREIGN IMPORTS AT NEW YORK.
__
$2,741,762
15,524,173
1909.
1910.
1911.
1912.
For week.
$2,426,132
13,152,739
$3,318,301
13,457,870
$2,873,792
12,417,145
$18,265,935 $15,578,871 $16,776,171 $15,290,937
Total 34 weeks
653,904,826 $567,230,400 $613,032,278 $561,964,284
594,910.950 $90,941,378 $103,732,207 $111,979,431
558,953,876 476,289,022 509,300,071 449,984,853
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. 24 and from Jan. 1 to date:
EXPORTS FROM NEW YORK.
1909.
1910.
1911.
1912.
$15.768,950 $14,359,044 $15,593,034 $11,202,726
519,930,149 490,123,760 417,286,521 393,544,495
For the week
Previously reported
$535,699,099 $504,482,804 $432,879,555 $404,747,221
Total 34 Weeks
The following table shows the exports and imports of
specie at the port of New York for the week ending Aug. 24
and since Jan. 1 1912, and for the corresponding periods in
1911 and 1910:
Imports.
-s.
Export
Tot. Money Entire Re-s.
Holdings. on Deposit.
-The following is
Reports of Clearing Non-Memper Banks.
the statement of condition of the clearing non-member banks
for the week ending Aug. 24, based on average daily results:
Banks
96,427.0
98,415,0
97,184,0
98,771,0
98,771.0
97,256,0
97,837,0
97,074,0
80,623,2 390,652,0
80,623,2 390,152.0
80,623,2 388,805,0
80,623,2 388,722,0
80.623,2 390.932,0
80,623,2 391,606,0
80,623,2 389,940,0
80,623,2 391,213,0
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
We omit two ciphers in all thesefigures.
Loans and
Investments.
5
8,267,0 179,258;5
8,275,0 180,222,4
8,271,0 181,245,4
8,257,0 153,939,0
7,850,0 153,511,9
7,854.0 144,791,3
7,856,0 149,693,7
7,853,0 138,659,1
Total
Since Jan. 1.
Dry Goods
General Merchandise
+ Increase over last week. - Decrease from last week.
a These are the deposits after eliminating the Item "Due from reserve depositaries
and other banks and trust companies in New York City:" with this item included, deposits amounted to $689,261,300, a decrelse of $646,800 from last week. In the
case of tne Clearing-House members, the deposits are "legal net deposits" both for
.
the average and the actual figures. I Includes bank notes.
Week
Ended
Specie. Legals Deposits. Circu- Clearings
lation.
a
$
$
$
$
$
41,575,0 239,395,0 26,212,0 4,827,0 291,163,0
41.575,0 241,243,0 25,011.0 5,470,0 287,649,0
41,575,0 243,587,0 26,048.0 5.307,0 281,234,0
41,575.0 243,740,0 25,405.0 5,509.0 275,508,0
41,575,0 239,007.0 24,095,0 5,498.0 272.149,0
41,575,0 238,710.0 24,322,0 5,265,0 270,640,0
41,575,0 240,247,0 24,172,0 5,328,0 274,065,0
41,575,0 240,070,0 24,030,0 5,251,0 270,787,0
Dry Goods
General Merchandise
3urplus CASH reserve 14,064,250
Banks (above 25%)
1,281,650
Trust cos.(above 15%)
15,345,900
Total
Change from last week -5,206,100
Total _
Capital
and
Loans.
Surplus.
Banks.
Gold.
Week.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries.
Week
Since Jan.1
$20,146,522
15
2,697,075
$2,569
3,423
200,187
286,327
82,596
9,612,038
52,483
$32,508,133
$9,200 2,939,441
400 44,544,253
Total 1912
Total 1911
Total 1910
Silver.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
$391,272
2,001 930
2,569
192,390
9,370,775
2,048,011
1,019,368
$575,102 $15,026,315
502,481 9,701,861
911,693 19,915,131
$771,533 $30,599,229
4,238,381
221
Since Jan.1
81,861
25,349
706,390
$1,800
2,085
50
51,762
51,408
7,807
$3,329
6,812
20,853
33,973
3,116,911
2,130,466
1,011,898
$771,754 $35.651,210 $114,912 $6,324,242
685,760 32,570,443„ 28,943 4,962,622
" 323,829 2,926,346
808,791 28.677,286
Total 1912
Total 1911
Total 1910
Of the above imports for the week in 1912,$181,260 were
American gold coin and $2,198 American silver coin.
Aanking and Financial,
Railroad and Industrial Stocks
Write for our Circular No. 614 entitled "Railroad and Industrial
Stocks," which describes 124 Issues listed on the New York Stook
Exchange, and classified by us as follows: Investment Stocks, SemiInvestment Stocks, Speculative Stocks.
Spencer Trask & Co.
-NEW YORK.
43 EXCHANGE PLACE
Chicago, Ill. Boston. Mass. Albany, N. Y.
Members New York Stock Exchange.
White, Weld & Co.
Bonds and Investment Securities.
14 WALL STREET
NEW YORK
THE ROOKERY
CHICAGO
111 DEVONSHIRE STREET
BOSTON
528
THE CHRONICLE
VaniterttY Gurtte.
Wall Street, Friday Night, Aug. 30 1912.
The Money Market and Financial Situation.
-While practically all the developments and news of the week, outside of
politics, have been of a favorable character, nothing has
stimulated any activity in the security markets. Prices
have generally been maintained, but there has been no progressive tendency or increasing vigor shown in either volume
of business or values. "When general conditions are taken
into account and so little response thereto is seen in financial
circles, and the security markets in particular, one naturally
comes to the conclusion that the political situation has a de
pressing influence.
A reliable authority on the iron and steel trade reports
that the U. S. Steel Corporation has unfilled orders on its
books for 6,000,000 tons of finished product, 350,000 tons
of which are for rails, and is working its plants up to 95%
of capacity. It is also reported that the number of idle
freight cars is rapidly diminishing. Moreover, it is predicted
that before the end of October there will be the worst car
famine and the worst freight congestion ever known. These
conditions will not, of course, be altogether desirable, but
they will result from an enormous general traffic in addition
to the moving to market of the largest crops the country
has ever harvested.
Considerable interest is shown here in an advance of the
Bank of England's minimum discount rate from •3 to 4%.
This advance comessomewhat earlier in the season than usual,
and ig the result of liberal offerings of American and other
bills-the former made chiefly against future cotton shipments. At the same time the Bank shows gold holdings increased to the largest amount in recent years. In the local
inney market time-loan rates have substantially advanced
and rates for call loans are slightly. higher.
The open market rates for call loans at the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2%@33/2%. To-day's rates on call were 23' e3y 0.
t 27
Commercial paper quoted ,at 5% for 60 to 90-day endorseinents and 5@53'% for prime 4 to 6 months' single names
and 53@6% for good single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £824,937 and the percentage
of reserve to liabilities was 49.46, against 49.80 last week.
The rate of discount was advanced on Aug. 29 from 3%,
as fixed May 9, to 4%. The Bank of France shows a decrease
of 3,825,000 francs gold and 6,475,000 francs silver.
NEW YORK CLEARING-HOUSE BANKS.
(Not including Trust Companies.)
1912.
Averages for
week ending
Aug, 24.
Differences
from
previous week.
911.
Averages fgr
week ending
Aug. 26.
1910.
Averages for
week eluting
Aug, 27,
133,650,000
Capital
135,150,000 132,350,000
197,084,400
Surplus
190,299,600 189,131,400
Loans and discounts__ _ 1,392.308,000 Dec. 1,072,000 1,348,845,000 1, 48,254,000
2
Circulation
45,163,000 Dee.
48,377,000
55,000
46,912,1'0
1,428.417,000 Dee. 6,892,000 1,395,379,000 1, 83.503,200
Net deposits
2
297,016,000 Dec. 3,553,001. 305,735,000 2
Specie
99,123,100
77,775,000 Dec. 1,373,00C
Legal tenders
78.168,000; 71,811,800
1
Reserve held
374,791,000 Dec. 4,926,000 383,003,000 370.934,900
25% of deposits
357,104,250 Dec. 1,723,001 348,844,750 320,875,800
Surplus reserve
17,686,750 Dec. 3,203,000
35,058,250
50,059,100
1
t.leating 1uue now isa u.s a skareinent acebly, showing the actual
condition of the banks on Saturday morning, as a ell as the above averages. 'The
figures, together with the returns of the separate banks and trust companies, also
the summary issued by the State Banking Department giving the condition of State
banks and trust companies not reporting to the Clearing House, appear on the second
page preceding.
[VoL. Lxxxxv.
N. Y. 4s, 1961, at 101; $10,000 N. Y. Canal 4s, 1962, at
,100%,and $30,000 Virginia 6s deferred trust receipts at 55.
The'market for railway and industrial bonds has been exceptionally dull, the transactions averaging only about
$1,400,000 par value per day. Price changes are generally
fractional and of a list of 20 active issues 14 are lower.
United States Bonds.
--Sales of Government bonds at the
Board include $5,000 4s coup. s. 5 f. at 1135 , $2,000 3s
%
coup. s. 5f. at 1023j and $1,000 Panama 3s coup. s. 6 f. at
101N. Tile following are the daily closing quotations; for
yearly range see third pagefollowing.
Interest
Periods
Aug.
24
Aug.
26
Is, 1930
registered 1
-Jan
Is, 1930
coupon .-Jan
is, 1908-18
registered .3
-Feb
is. 1908-18
coupon '3
-Feb
Is, 1925
registered Q
-Feb
Is, 1925
coupon Q
-Feb
Is, 1936.Panama Canal regis Q
-Feb
is. 1961_Panama Canal coup Q-Mch
10034
<10034
'102
*102
*11334
.11334
*10014
*10134
*1001
*1001
*102
*102
*113'
*113 1
*10034
10134
Aug. Aug.
27
28
100.4, *10134
100'3 *100%
102 *102
102 *102
11334 *11334
113 35', '1133/
10034 *10044
*10194 *10134
Aug.
29
Aug.
30
*101
*101
*101 .101
*102 *102
*102 *102
*11334 .11334
*1133(i *11314
'10094 010054
*10134 *10134
* This Is t,,e pare bid at the rimming board: no sale was made.
Railroad and Miscellaneous Stocks.
-The total transactions in stocks this -week is one of the smallest records of
the year in this department, and fluctuations have generally
been within a narrower range than usual. On Tuesday the
tone of the market was strong and in most cases the highest
prices of the week were then quoted. Otherwise there has
been almost no change from day to day. In to-day's market
only 151,000 shares were traded in and price changes were
wholly without significance.
Union Pacific, Canadian Pacific and Reading have been
strong features of the railroad list, but the notable exceptions to the general trend of prices are found amo4 the industrials. Am. Snuff has advanced 7 points, Mexican Petroleum 63j and Colorado Fuel & Iron 23.. On the other
hand, Am. Tobacco has declined 5 points and a few other
issues are fractionally: lower.
"
For daily volume of business see page 538.
The following sales have occurred this week of shares not
-represented in our detailed list on the pages which follow:
STOCKS.
Sales
reek ending August 30 for
iVeek
Range for Week.
Lowest.
Range since Jan. 1.
Highest.
Lowest.
Highest.
kills-Chat zees, 1st pal(
301
134 July 294 May
134 Aug 21! 134 Aug 2$
km BrakeShoe & F,pre:
20( 14334 Aug 27 145 Aug 30 '30
Jar 145
Aug
km Coal Products, pref.
101 Ill
Aug 2i (11
Aug `P 0834 Jul1 112
Aug
kmerican Express
h 196 Aug 3( 196 Aug 3( 196
Aug :25
Apr
Brunswick Terminal,., 1.0n, 8 Aug 2.; 8 Aug 21, 8
Jar 11;,4 May
nic SIP Minn & Omaha
32. 133 Aug 24 136 Aug :it 126
July 144
Jan
-Preferred
101 153 Aug 31 153 Aug 3r• 150 -May 156
Feb
colorado Fuel, pref
15- 135 Aug 2; 35 Atm 2; 106
Mcb 135
Aug
Colorado & Southern
30; 1034 Aug IC 4034 Aug 27 39 June 45
Feb
1st preferred
1. 76 Aug 22 76 Au 22 74
May 7634 Jan
Crex Carpet
10( 85 Aug 3( 85 Aug 31 72
Mel 86
June
Detroit United
10( 7334 Aug 2; 7394 Aug 2; 6334 Jar 7434 July
General Chemical
101 19134 Aug 28 19134 Aug 2 -• 128
Jar '25
Aug
Green Bay & W deb B
5
If 13% Aug 2) 1434 Aug 3( 1034 Fel 15
Aug
3 W Helme
1,10t 185 Aug 21, 1)434 Aug 24 155
May 19734 July
Preferred
501 115 Aug 21 l 16 Aug 21 10934 M ry 110
Aug
Lot Agric Corp v t c___ _
30( 47 Aug 22 47 Aug 23 43
Am 5334 July
Preferred v t c
201 94% Aug 22 9434 Aug 21 94
July 99 June
internat Harvester
84: 121
Aug 24 12134 Aug 23 121
Aug
Auu 124
Lackawanna Steel,
40( 4334 Aug 20 45 Aug 21 29
Met 46 Aug
Nashville Chatt &St L
10 172 Aug 2( 172 Aug 2( 16034 Apr 173
Aug
Pacific Tel & Tel, pref_
15( 101 Aug 22. 101 Aug 22 9834 Jui 101
Aug
Pittsburgh Steel, pref._
10( 10234 Aug 27 10234 Aug 27 101
Fel 10434 Aug
auicksilver Mining
50( 4 Aug ',.0 5% Aug 22- 3
Jac 834 Apr
Preferred
40t 8 Aug 2. 834 Aug 22
334 Fel 1234 May
RR Securities,series A.
5( 8334 Aug 3t 8334 Aug 3( 8334 Aug 8834 Apr
31 L & S F
-C & E RIF
new stock trust Ws._
21 53 Aug 2( 54 Aug 2; 50
July 57
Feb
30 Porto Rico Sugar, pf_
201, 109 Aug 27 109 Aug 2; 105 Jun(' 110
Jan
iThitecliDry Goods
401 9934 Aug 22 9934 Aug 8. 97
Fet 102n July
LI S Rubber 1st pref subscription rcts 1st pd._
10( 107 Aug 3( t07 Aug 31 107
Aug 107
Aug
Virginia Iron Coal eo
20, 59 Aug 22 60 Aug 21 54
Met 90
Jan
Outside ritarket.-There was a larger bus'ness done on the
"curb"'this week, though the improvement was confined to
a few industrials. The tone of the market was firm, the majority of issues showing gains. Standard Oil subsidiaries,
_though not listed on the "curb," were extensively traded in
there this week, advances being general, while in a number
To-day's (Friday's) nominal rates for sterling exchange were 4 85 for of instances the gains were spectacular. Standard Oil of
60
-day and 4 88 for sight. To-day's actual rates for sterling exchange were N. Y.
rose from 550 to 598 and reacted to 590. Standard
4 84 @4 8410 for 60 days, 4 8703@4 8715 for cheques and 4 8750(344 8760
for cables. Commercial on banks 4 82 ® 4 83% and documents for pay- Oil of N. J. declined from 411 to 408, then moved up to 413,
ment 4,
83%04 8434. Cotton for payment 4 83%@4 8334 and grain for finishing to-day
at 410. Standard Oil "old stock" on Saturpayment 4 8334@4 84.
The posted rates for sterling, as quoted by a representative house, were day last sold up from 1085 to 4110. British-American Tonot changed during the week from 4 85 for 60 days and 4 88 for sight.
bacco, after fluctuating between 223 and 23, became sud%
To-day's (Friday's) actual rates for Paris bankers' francs were 5 21 % ®
5 21 % plus 1-16 for long and 5 1834 less 1-16 OD 5 18'% less 1-32 for short. denly active and sold up to 25. The new United Cigar Stores
Germany bankers' marks were 94 % ®94 11-16 for long and 05 3-i6@
of America corn. stock was also conspicuous for a burst of
9534 less 1-32 for short. Amsterdam bankers' guilders were 40 3
4@40 35 activity toward
the close of the week, which carried the price
for short.
Exchange at Paris on London, 25f. 28 I4c.; week's range, 25f. 29 34c. high
up 8 points to 993, the close to-day being at 983.. The new
and 25f. 26440. low. Exchange at Berlin on London, 20m. 46 %Pt.: Week's
pref. declined from 118 to 1173/, moved up to 1193/i and
2
range, 20m. 48%pf. high and 20m. 45 %pf. low.
rested finally at 119. United Cigar Stores old stock was
The *range for foreign exchange for the week follows'
'Sterling, ActualCheques,
Stxty•Daus.
Cables.
traded in up from 284 to 292. Emerson-Brantingham corn.
High for the week.._4 8435
4 8740
4 8780
5
advanced from 774 to 78, moved back, to 77/s and sold
5
Low for the week__ _4 84
4 8705
4 8750
Parts Bankers' Francs
to-day at 77%. The preferred went up from 103 to 1033,
High for the week __ _5 2034
1834
5 1834 less 1-16 5
down to 1023 and closed to-day at 103%. U. S. Motor
Low for the week_ _5 2134
%
5 1834 less 1-18 5 1834 less 1-16
Germain/ Bankers' Marks
corn. advanced from 4% to 43 , then dropped to 3, recov%
High for the week_ _ _ 94 11-16
953.4 plus 1-32 95 5-16 plus 1-32 ering
finally to 43. The preferred, after a gain of 1%
Low for the week__ 9434
953-16
9534
Amsterdam Bankers' Guilders
points to 18, slumped to 93., the close to-day showing a
High for the week__40 14
40 41
40 35
recovery to 123/. There was a better market for mining
9
Low for the week__ _40 12
40 39
40 33
Domestic Exchange.
-Chicago, 15e. per $1,000 discount. Boston, par. stocks, though principally in the low-priced issues. Braden
St. Louis, 300. per $1,000 discount bid and 200. asked. New Orleans, Copper improved from 7 to 73, but reacted to 7.
British
commercial, 250. per $1,000 discount; bank, $1 premium. San Francisco,
3
age, per $1,000 premium. Savannah, buying, 3-16% discount and selling, Columbia rose from 5% to 5%. Giroux was' traded in up
par. St. Paul, 100. per $1.000 premium. Montreal. 6234c. discount. from 5% to 6 and down to 53%. Greene-Canan
ea adCharleston, buying, par: selling, :1-10% premium, Cincinnati, par.
vanced from 103/ to 103.. Nipissing was an active feature,
State and Railroad Bonds.
-Sales of State -bonds at the selling up from 8 to 8. and down to 83..
4
3
Board.include_$5,000_N. Y. 4s, 1958,.new, at1013,4; $1,000
Outside quotations will be found on page 538.
Foreign Exchange.
-The market for sterling exchange
ruled firm early in the week, owing to the higher discounts
in London that culminated in the advance of the English
Bank rate. Subsequently there was some selling and ,the
close was weak.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO PAGES
For record of sales during the week of stocks usually inactive. see preceding page.
STOCKS—HICillliST AND LOWEST SALK PRIORS.
•
Saturday
Aug. 24.
Monday
Aug. 26.
Tuesday
Aug. 27.
Wednesday
Aug. 28.
Thursday
Aug. 20.
Friday
Aug. 30.
Sates at
the
Week
Shares.
STOCKS
NEW YORK STOCK
EXCHANGE
Range since January 1.
On basis of 100-share lots
Lowest.
Highest
•
Range for Previous
Year 1911. •
Lowest.
Highest.
Railroads
A Usti Topeka & Santa Fe
EA Do pref
Atlantic Coast Line RR_
Ilaitimore & Ohio
P Do prof
Brooklyn Rapid Transit_
/(
anadian Pacific
entral of New Jersey
Chesapeake & Ohio
Chic Gt West trust ctfs
Do pref trust ctfs
Chicago Aillw & St Paul ._
Do prof
Chicago do North Western
Do pref
Chic Un Trite etfs stmpd
Do prof Ctrs strnpd„Clevo CIrer
D e p n Chic &St L
5
10314 Feb 1 11012 Aug 14 0978 Sep 116 8 J'ne
10138 Jan 2 10414 Feb lo 10034 Jan 10512 J'ne
13318 Jan 10 14812 Aug 12 117 Jan 13914 Nov
'.4312 Sep 10914 ny
8
r10114 Feb 1 1117 Apr 30
8512 Aug
91 Jan
8.)18 Aug 13 91 Jan 23
72 Sep
8458 J'ly
7634 Jan 2 9412.1'1y 2
,
kb 4 283 Aug 15 19558 Jan 247 J13
2241211,
1
305 Jan .1 395 Apr 29 760 Aug 320 Dec
68 8 Sep
3
8234 Feb
6814 Feb 1 8314 Aug 14
6,400
1/ Sep
2514 J'ne
16-$8 J'ly L. 2012 A )1* 8
3,500
3312 Dec
4914 Feb
317 J'ly 11 3912 Apr h
8
400
9,38 Jly 1. 11234 Apr (9 10334 Oct 13312 Feb
8,015
146 Jan 2 141 Sep 15512 Feb
14(1 J'ly
145 Apr 24 13818 Sep 10912 J'ne
134!2 J'ly
1,011
190 May 4 198 Meh2(.) 101 Nov 4209 Jan
339 Feb
13; Sep
378 Apr lb
118 Feb 16
200
434 Sep
714 Feb
1014 Apr lh
4 Men 21
100
66 Jan
4818 Sep
5412 Nich78 6212 Apr 23
98 Feb
9414 J'ly
4957 Feb 24 10112 Apr 17
8
15017 Sep 17478 J'ne
17812 Feb
163 J'iy
300 •'teiaware & Hudson
100 I Yetaware Lack & West_ 5.50 Aug..' (,69 Jan 29 505 Sep 570 Nov
35 Feb
1758 Dec
D v in f
1612 J'ly 12 24 Mcla'27
100 Denoer t Rio Grande
74 Feb
3634 Dec
4614 Jan 24
3414 J'ne 1J
153 Itch
8
Nov1
812 Men 4 11(. May16
4
Duluth So Shore & Atian
3018 Aleh
1718 Dec
Do pref
23 May13
1(s Meh
:,83 XIV
2714 Jan
21
3014 Jan 15 3918 Apr 11
19,100
4114 J'ly
4538 Jan
11.
5018 Feb 3 57„ Apr 11
500 . :1 Do 1st preferred.—
4334 J'ly
35 Jan
40 Feb 3 48 Apr 11
Do 21) preferred_100
119 Sep 140 J'ne
4
126 Jan 15 1433 Aug I
6,470 Great Northern pref
3324 Dec
6334 Feb
Iron Ore properties... 36 Jan 31 4712 Aug 15
10,700
147 J'ly
14118 Jan 23 132 Jan
1205 May
8
ilinois Central
300
2038 Feb
1318 Sep
1633 Jan 3 22 J'1Y
5,920 1 nterboro-Metrop v t etfs
3434 Sep
663 J'ly
8
533 Jan 3 62 Meh 26
8
Do pre(
7.100
2514 Sep
3738 J'ne
2212 Ilay2., 2
014 Mch2.
ansaa City Southern_ _
1,600
9112 Sep
6934 Joe
653 Mch 25
,
56 May2
800
10 Sep
17 Nov
1112 Jan 26 13 Apr 24
I eke Erle & W estern
Preferrea
40 Jan
25 Sep
43 May21
30 Jan
100 1-4 Do preferred
4
15578 Feb 5 1853 Jan 15 151 Sep 18678 Dec
25,900 Lehich Valley
Nov
13.202 Louisville eyNashville_ _ 14978 Feb 1 190 Aug 14 13612 Sep 16034 Jan
NI an hattan Elevated_ _ 1331) Aug
1383 Meh 13 33114 Sep 14212
4
4212 Sep
2112 Apr
271)Jan 23
1812 J'ly
700 ATI inneapolis & St Louis
6612 Sep
35 Meh
440 Feb 26 557 Jan 15
Do preferred
100
r1243 Sep 15214 bleb
4
129 Feb 3 15112 Aug
3,040 Minn St P & S S Marie
146 Nov 160 Alch
Do preferred
14714 Feb 1 158 Aug.
107
.381y J!ne
27 Sep
2) 58 J'ly 1., 3158 Men 29
;
1,300 Me Kansas & Texas
0734 Sep
'10 Oct
Do preferred
5738 May29 69 Apr 13
03 Feb
3314 Sep
4
35 J'ly 12 473 Meh 2i
6,530 Missouri Pacific
60 Aug
8
723 Jan
71 Jan 4
at Rys of Alex 1st pref 6.; Mayti
3s3 Feb
8
3618 Jan 20
28 Apr 1
25 s Aug
Do 2d preferred700
10614 Jan 0 12112 Apr 2$ •r9978 Sep 115 Feb
(2
4,000 N Y Central & Hudson
N Y N 11 & Hartford..... 134 J'ne 18 14214 Apr 1 12378 Sep 15118 Feb
660
4628 J•ly
3734 Sep
$
2938 J'ne 2, 413 Ayr 12
1
2,120 N 1 Ontario & We*tern_
3 Apr 29
8678 J'ne 1
200 N Y State Italiways
9934 Sep 11114 Nov
.10734 Feb 1 11914 Aug 12
Norfolk st
estern
2,500
15534 Apr
9114 J'ne
92 Feb 17
86 J'ne
Do adjustment pre
100
3912 Jan
5534 Nov
6734 Aug
56 bleb 11
200 Nor Ohio Trae & Light_ _ 11538 Jan 15 13112 Aug 14 11034 Sep 1377y J'ne
North ern Pacific
18,675
122(2 Jan 9 12,114 may 2 1183.4 Sep 13018 Feb
8,294 Pennsylvania
0018 Sep
Jan
9812
2 11114 Aug 14
;800 Pittsb Cin Chic & St L._ 10812 Jan 2 117 Feu 2(1 10218 Sen 100 Feb
112
Jan
Do preferred
14818 Jan 11 17914 Apr 29 134 Sep 16178 J'ne
11 eading
SS Met' 92 J'ly
I t 1st preferred
87)2 .1'ne. 2, 9314 Apr 29
,
5012 Sep 101 May
94 Jan 11 10112 Apr 29
2d preferred
3433 J'ne
2234 Sep
3017 Apr 4
2212 blay.31
4,700 Rock Island Company
433 Dec
4
6858 J'ne
8
4714 .rly 14 599 Apr 9
Do preferred
1,800
23 Dec
27 Oct
2912 Mch 26
21 J'ly
Louis & San Fran _
100
6914 fly
59 Sep
6912 Jan 23
61 Maylu
100 /..7 Do 1st preferred._
4912 J'iy
37 Sep
Do 2d preferred
331* J'ly 2. 433 Apr 11
4
800
34 Feb
24 Jan
2934 Jan 22 37 Aug
900 St Louts Southwestern_
72 J'ue
5934 Jan
6812 Jan 17 7812 Aug 26
Dopreferred
1,600
22 8 J'ly 12 2712 Apr 4
3
500 Seaboard Air Line
Do preferred
5033 Apr 16 5612 J'ne
1,500
10512 Feb 1 11512 Apr 8 10412 Sep 12638 J'ne
6,560 Southern Pacific Co
3338 J'iy
243, Sep
no
2612 Jan 31 3112 Aug
9,800 Southern tr et's stmpd _
6114 Jan
7514 J'iY
6814 Feb 4
8234 Aug I;
do
2,810
3054 Feb
194; Dec
2012 Jan 3 2614 Apr 2
1,000 Texas & Pacific
41 Dee
41 Nov
3512 J'iy 12
4934 Jan 9
hird Ave New
800
814 Jan
4 Nov
3 Jan 15
1058 Apr 16
Toledo Railways & Lt.....
2434 Feb
12 Dec
1638 Mch27
620 Toledo St L & Western.- 1214 Aug -6
5378 Jan
3478 Dec
28 inc 7 34 Apr 8
Do pre_erred
oto o p lemo
100 Twin City ata pld Transit_ 10412 Jan 5 103 Maylo 104 'Sep 111 Feb
.
160 Feb 1 176 8 Am' 9 15312 Sep •19238. 1'1y
5
86,350
U•
06 J!ly
69 Sep
8934 J'ly 11
9358 Feb 27
Do preferred
300
2812 Sep
49 Feb
3714 Feb 14
20( Unit Rya Inv't of San Fr 28 Xis 11
7611 Mai
62 Sep
Do preferred
57 J'ly Is 6512 Feb 14
1,150
1838 Feb
954 Mayll
6 4 Dec
3
s
34
3 inc 19
200 UI abash
4038 Feb
1414 Dec
1238 J'ne 27 2278 Apr
Do preferred
200 VS
66 J'Iy
487 Apr
8
3
65 4 Jan 9 6414 Atch 25
300 Western Maryland Ry
614 Feb
212 Sep
914 Men 13
4 Jan 10
Wheeling & Lake Er c.....
1758 Feb
7 Sep
11 Jan 3 2578 Apr lb
Do1st preferred
8 Feb
3 Aug
14 Mch 13
Do 2d preferred
6 Jan 19
721g May
48 Sep
48 Feb 5 6212 Aug 12
Wisconsin Central
industrial& Miscellaneous
A dams Express
5191 Mch12 521712 Apr 18 5198 Nov i245 Apr
*197 202 *197 202
*197 205 .197 205 *197 205 .197 205
7158 J'ne
4434 Sep
m gamated Copper —
60 Feb 1 8834 Aug 26
8739 8678 873s 101,3511
8
8811 8738 8817 87
877 8831 88
4
873 88
6312 Deo
44 4 Set)
3
5
5814 Aug 9 63 8 Men22
Do
1,800 Amer Agricultural Chem_
3
58 5912 5012 591.2 5917 5014 59 8 5914 5914
5912 59
3 0
*595 6
9912 Oct 105 Dec
98 J'ly 17 10414 Mch 20
50
.101'58 1007; ,
.10058 1001'
8
:
*10012 1007y 530012 10012 .10058 1007, [10078 1007
6934 Oct
3914 Jan
53 Feb 26 76 May 11
1
3
7434 7634 74 4 7514 1478 7514 30,40( American Beet Sugar
4
72 8 7514
3
,72 3 72
3
34 713 7214
101 Oct
9212 Jan
97 Apr 3 10114
Do pref
*9712 9912 *9712 9912 *9712 9012
*9712 ---- *9712 100
*9712 100
87 Jan
8
1212 May
114 Feb 1 43 Mayll
3938 39 4 3914 393, 11,90)) American Can
3
3912 40 4
3
3953 4018 3958 41
40
40
9318 Dee
77 Jan
9048 Feb 1 12112 Mayll
Do prof
1,750
11834 11918
*11834 11034 .11834 1193, 11912 11934 119 119 1119 119
5.104 J'iy
4238 Sep
49 Feb 5 62 Aug 28
& Foundry
Do
6114 617r *61
6134 4,300 American
.611 6114 61
4
; 6112 62
6114
41
617
115 Feb 14 120 May24 113 Oct 120 May
10
4
*11834 120 .11834 120 531834 1183.; .11834 120 *11834 11914 .1183 120
31 AUg21 34 fly
300 Amerlcan Cities
32
*31
3214
*3118 3112 3112 311: 313 313
4 32
4
*3118 32
7514 Aug 6 8318 J'ne 20
Do preferred
7634
7634 *7614 7634 *76
3
76 4 .7614
7634 *76
3
*7614 76 4 *76
6238 Feb
45(7 Jan 19 5714 May 3
8
415 Nov
D
o Cotton
1,300 AmeraAf
5412 5438 543
8 5438
5414 5414 5414 541: 5418 541; 5438 543
92 Nov 10512 Feb
95 Jan 19 9914 Feb 13
4
*973 9834 *9714 ---- *9712 10212
*9714 1021. *9714
*9714 1Q2
J'ne
Mayiti
312 Sep
3 Feo 19
400 American tilde & Leather
518 51y
*5
538
53
3 53
3
514
514 514
*5
514 *5
2418 J'ne
18 Sep
20 Feb 26 2712 May16
Do prof
200
261y *26
*26
27
*2534 261: *2512 27
26
2612 26
*26
2531 J'IV
1...12 Aug
18 Jan 2 3034 May20
8 5,300 American Ice Securities_
8
235 2412 2212 235
25
2512 2534 25
26
*2512 26
*25
8 Aue
12, Feb
8
9 'Meh 6 177 Apr 23
100 American Linseed
.1312 14
1378 137 *1:312 14
;
*1312 1417 *1312 1414 *1312 1412
2618 Oct
3412 Dec
30 Feb 20 43 Apr 23
Do prof
200
*3512 37
*35
3618 3618 *3512 37
3714 *35
36
36
37
7218 Oct
4314 May
3134 Feb 27 4634 Aug 17
2,125 American Locomotive
3
4614 4514 45 4 4512 46
46
46
4512 4512 4514 4514 46
4
103 Jan 15 11012 Aug 14 102 Oct 1103 Mat
450
Do pref
3F
*109 110 *109 10934 109 10914 510958 109 .10914 10934 10914 10914
3 Sep
1918 Aug 5
Os Jan
434 Jan 11
. nit Corp,...
Dolep n
6
3 1
1612 *15
1612 5. 75 Am er ar ofM
161, *1514 1618 *15
1612 1617
1612 1612 *15
4358 J'ly
311" Mch
42 Jan 6 6914 Aug14
66
66
67
6534 602 *65
6612 6714 65
67
6512 6534
108 8 10938 10834 109
7
10858 10834
;
5
1008 108; 10814 1087 10878 1091
8
10214 10214 510134 10214 10214 10214 =10134 10214 10218 10214 10178 1017
;
14578 1451 14534 14714 144 145 .144 145
145 145
146
*14434
10712 108
10712 1071.. 10712 10734
10734 107i; 10734 108
108 108
8712
*86
87
8718 8718 8733 873; *8612 8717 87
*8612 88
9134 921s *9178 92
9112 9112
9218 9112 0218 9114 92
92
34
3
271 27517 269 4 2731. 27212 2763; 27534 27714 27738 278 r27378 27514
360 380
360 380 .360 380
*360 390 .360 380 .360 380 ,
8112 821;
824 825.. 817 8214 8134 8218
8112 82
8
82
82
1914 191.
1014 1014
1918 105; 1914 1938
1858 187, 1838 1914
5
36 8
51. *35
36
3534 3538 *35
*3558 36
36
36
3638. 36
10612 107
10658 106 4
3
10618 107
106 10617 105 10534 10614 107
*141 144 .141 144 =14112 144 .14112 144 *14112 144 .14112 14314
4
4
142 142
4
14134 1413 11413 1413
141 1413; 142 142
141 141
*180 190 .180 190 . '480 190 q80 190 *180 190 .180 190
212 21,
5
*214
257. *214 2 ;
2:
21;
*214
*2
217 *2
4.7
814 814
8
*7
8
8
*7
*6
9
9
*7
*53
58
59
59
*53
*53
.5158 59
*5138 59
*5158 59
4
4
*98 1013., *98 10134 498 1013. *98 1013 *98 10134 *98 1013
, 172 172 ,169 172 .163. 1711:: 170 170
*172 17212 17218 1721
520 545
543 543 .520 545 *520 540 ,
*520 350 4520 550
2214 *2034 2214
*21 .22
*21
22
2212 22
*2112 2217 *20
40
*37
40
*38
40
*37
40
*38
40
40
*38
*38
1017 *9
1014
*914 1014 *9
*98 1014 *918 1018 *918 03 *1912 207F *1912 2012 *1912 207,
*1958 21
*1012 2017 *1912 201,
3638 3714
367 3714 3658 37
3
3612 367. 3634 3714
3612 3714
3
4
5414
4
3
8
*537 5414 *5334 5414 .53 4 5414 54 8 543 *533 5431 *4412 5414
46
46
*45
*4434 46
45
*4412 441; 45
46
*44
13914 138 1391F 13873 14014 13938 14038 139 13912 13812 13917
1387
8
4678 4718
451; 4534 4612 4578 47
45
*4518 4618 4514 4514
13117 *131 13117 131 131
;
8
*13012 13112 1307 1307 131 131 ' .13012
20
*1978 2018
20 . 20
1078 201.
20
1973 201;
20
20
60
59
5938
59
595, 59
5918 5914 5834 591: 5938 6(44
2717 *2714 27 8
5
273
8 27
2634 204 2714 2714 27
2634 27
62
*6012 62
6112 6231, 61
611F *61
6178 6212 6112 62
*1434 1517 *1434 1517 *1434 1512
*1412 1517 *1412 151: *1412 16
38
3817 *38
3817 38
39
*38
381: *38
3812 *38
*38
16914 17014 16938 169 4
3
16012 16934 16938 1701F 16938 1703, 16914 171
16314 165
167 16717 16634 16717 167 1671; 167 16914 16514 168
*133 135 .133 135 4133 135 .13312 1341: .133 135 .133 135
24I
24
241; .24
2414 2417 2414 2414
.•*2312 2414 *2312 2411
*4712 50
49
*4712 5014 *47
49
50
*4712 50
*4712 50
150 153,
153 1537 152 15258 .151 132
.
4
152 1523 150 152
,*15612 15817 .154 1581: .154 158 ':158 15817 155 155 *153 155
29
293; 2038 293, *283 2914 *283 20 8
2838 287F
*28
2858
3
4
4
*6212 64 , *6212 65
*6212 65
*62
64
• *62
64
65
*83
3814 3838 3814 3811
3918
3838 3838 3812 3834 3834 3918 39
68
*64
68
*64
4
*64
68
*64
68
*633 673
4
*64
68
3014
8
313 *307 311. *3034 313 *3034 3134 *3012 3138 30
4
*31
*11512 11614 11534 1161y 11534 1161, 116 11634 11534 116 .11558 116
138 138
138 138
13734 138 ;138 138
*13734 13912 138 138
37
374
37
37
37
37
3614 37
371._
3712 3717 37
91
91
*8912 9012 *8012 9017. 9012 901 .90
9058 905; *90
118 11812 118 118 •41614 11638
, 11818 1181
118 118
118 1181
89
88
*85
89
88
89: .88
*88
90
*86
89
*87
68
6712
*6612 68
*66
6712 67: .60
68
*66
68
*66
12813 1293 128 12812 128 12812
8
128 12858 12734 12838 128 1291
12412 1247; 12414 12417 12
4/4 12417
12458 12478 12434 12438 12433 124:
11012 1101: .10934 11017 .110 11017
*10834 111 *109 1101: 11014 111
112 117 *112 117 *10914 117
*112 117 *112 117 412 117
t7018 1713 170 17034 17038 171
4
;
169 16938 16812 1697 16038 171
'
90
00
.88
90
90
*88
*88
*88
91
*90
91
*89
99
99
:95
*95
99
99
*95
*95
99
*95
99
*95
,
2614 267; 2618 2638 2614 2614
4 2534 25,
2534 2534 *2514 253
5314
5214 5314 5212 5212 *52
52
52
32
*5114 523
4 52
2212 *20
221,
2178 2178 *22
2212
*21
24
*20
22
*20
65
62
62
*62
*61
65
65
65
*61
*62
65
*61
*3512 36
*3512 36
3514 3514 3514 3512 3512 353., 3578 36
*35
3534 3512 37
*343 3512
4
35
35
3534 36
435
36
*75
7718 7714 7812 *7714 781
7712 7738 7738
: 78 8 78 8 77
3
3
24
24
4
2278 23
24
2334 23 4 *2312 233
3
2312 24
*23
5214 5212 52 4 527
5213 5218 5253 53
5214 52
5
8 5212 5212
3
1113 11214
4
11112 112
11138 11158 11034 11112 1108 1117; 11178 112
3
3038 30 8 3038 3012 3014 30. 3038 3078 3014 3017 3014 3012
6
81
8012 8017 8014 8014 *80
8014 804 8014
797 7978 80
8
7
2234 223, 22 4 223
. 304 3
2212 22
3
*2212 23
4 304 3734 2323
*2212 23
8
7
3717 3712 3711 37 8 377
*37
38
*37
417 *4
*4
5
*4
5
6
4 *4
412 *412 43
*4
*12
13
*1212 13
13 •*1218 13
13
*1212 14
1214 1314
9
*2912 313, *2912 3112 *2912 313
*2912 32
*2912 32
*2012 32
4
10734 10734 .10758 1073 =10714 1073 *10714 108 .10734 108
*10734 108
1721,, 17114 17214 171 17138 17133 17214
8
1707
17078 17114 170 171
9114 9118 9118 9118 9114
9112 *91 • 911.. *91
9112 *01
*91
3217 *31
33
33
32
*31
33
*31
33
*31
32
*31
61
61
62
62
6138 62
*0014 62
*6014 62
61
61
417 *414 412 *414 412
438 438 *418
438
418 418 *418
1414 4114 *1414 15 • *1414 1412
14
*14
15
14
15
*14
88
*57
58
4 58
5818 583 4.5734 583
59
58 4 *58
3
*58
7
017 *53
4 03, *6
7
*6
*6
*512 612 *63
4 614
22
*20
22
221. *20
2212 *20
*19
22
*20
22
*20
*9
10
*9
10
10
*9
10*9
10
*9
10
*0
6012 *57
6012
6112 .57
*57
61
6114 *57
6114 *57
*57
12,510
750
3.000
2,000
300
6,007
65,900
N
2-02;i6O
cat
BANKS AND TRUST COMPANIES—BROKERS' quor MONS.
Ble
Banks
New York
202
Aetna
America 1_ 620
Amer Exch. 235
175
Battery Pk
Boweryl_ _ 400
Brox Borol sou
n
Bro 1,x Nat, 170
Bryant Pk 1 150
Butch & Dr 130
Century 1 5230
Chase
075
444
hut
Kailas
185
Chat&Ptionix 130
212 Uheosea Ex1 )0(1
450
630 ,
:nemIcal _ _ 440
245 ...1tIzens' Co 160
185
...tty
130
425
120
140
..... %(18.1 & fro!, 155
—. Culonla II_ 423
S15
,
180 031 1(111)1a1, 335
713,11,11erce 1 A./ 112 120214
157
321)
140 jern Ex 1... 316
_
....... tast River, 88
1-7-1
Fidelity 11-. 165
_ -... .
Ask
Bank.
Ask
fil*
Banks
Fifth Ave. 1300. Harritna 1 _
imp & Trad
CI .tti
-- 300 325
eIrst
1000 1020 Irving
Liberty__
203
Fourth
203
290 Lincoln__
275
(1arlield —
_ slannattanfl
arertn-Am ij 143
Jark't&Ful
440
-.iern' EMI 425
in
Jaen &Niet's
540
slermanla 1_ 525
J.erch Kw'
168
Jothatn,,. 158
,_., dercliants'.
areenwiclo I 250
110
lam:Aver— 6•30
Bus
280
565
205
595
375
343
250
258
180
Ask
__ _
575"
21212
610
:385
3471L
2571;
262
165
Banks
uetropolls 1,
detropoi 'n$
541 Mornsil.
0(Huai 1___
•Nassau
_
Asa
itus
375
365
WO
198
2641 • 260
295
285
212
206
New Neffi_i 220
iewYorkeo
New York_
eacinc11-___
Pare
183.....- People's 1_
875
340
255
517J
's--,1
_
Banks
erod Lien i
iteserve _
seaboard_
iecond __
iecurl - 7 __
41
1114
16712
9312
425
375
135
itertuan__ _ 135
,
___ 'state 1 ...„.. 250
175
35) 23d Ward1
Un.on Exc.. 162
265
.Vash H'ta 1, 275
5375
%Vest Side $ 675
260
1 orkylbe 1.. 600
Ask
1721g
400
145
275
_—
168
..„....
626
—
---Ex- v en and rignts. 0 230W 50
• 131,1 and asked prices ; no sales were na. 4 on this day. :Ex-rights. 4 Less than 100 shares. 1IState banks. a
Full paid.
private sale at this prim. x Ex-dividend.
5 Sale at Stook Exchange or at auction this week. h First Installment paid. n Sold at
530
New York Stock Record-Concluded-Page 2
[VoL Lxxx xv
For record of sales during the week of stocks usually inactive see second page preceding.
STOCICS-HIOHEST AND LOWEST SALE PRICES.
,
Monday
Tuesday
Wednesday Thursday
) Saturday
Friday
Aug. 26.
Aug. 27.
I Aug. 24.
Aug. 28.
Aug. 29.
Aug. 30.
Sales ol
t.
Week
Shares.
STOCKS
NEW YORK STOCK
EXCHANGE
Range since January 1.
On basis of 100-share lots.
Lowest
Highest
Range lor Previous
Year 1911.
Lowest.
Highest.
Industrial and Misc.(Con)
700 Amer Smelters See pref 11
28,750 Amer Smelting& Relining
Do pref
845
16,900 American Snuff
Do pre7; new
800 Amer Steel Found (new).
5,310 American Sugar Relining
Do pret
100
3,93S American Telepn & Teleg
7,325 American Tobacco _____ _
Preferred, new
1,350
2,700 American Woolen
.
Do pre(
2,321
200 Amer Writing Paper. prf.
.
41, 0 aAnae
30
0 0
raoRndeaaClioptpieornPar$25
Assets
6,000 i.yaldwin Locomotive
1.925 / / Do pret
4,1bn BethDleohepmrereel
1,056
)Brooklyn Union Gas
100 Butteriek Co
pal Ler
4,10 Centro pre th
Leather
*87
88
". *8712 88
t
*8734 88
8712 88
*87. 88 *8734 88
82 Sep
8918 J'ly
85 Mch 22 8913 J'ne 10
; 87
875
8 873 88 8 8758 8813 8714 8778 87
4
3
8714 x85 8 8618
3
8378 J'ne
6773 Feb 1 8938 Mch 25
565 Set/
8
*108 109 *10812 10912 ;10914 10)14 10834 1083 10812 109
10814 10814
4
10238 Jan 2 100 Aug-,
9834 Sep 10812 J'ne
184 187
18514 18812 187 189
18812 191
186 189
187 18878
123 Mch 6 101 Aug _
225 Sep 325 May,
*104 105 *104 105 *104 105 4104 105 *104 105
99 Feb 0 105 Aug 3
1 3813 3818 *3713 3812 38
38
38
38
3713 3712 3712 3712
26 Jan 19 3912 M ay 11
26 Sep
! 128 128
128 128
128 12973 129 13014 129 129
129
11434 Jan 12 13312 May I, 11214 Sep 12213 reb
62 F
- *12112 12314 *12112 124 *12113 12314 .122 12314 *122 12312 12312 19214
12312
11512 Jan b 12312 Aug32
111 Jan 11912 Feb t
145 14518 14478 145
14478 145
14473 14472 14412 14434 14438 14434
8Jan 2 14918 Men 23 13112 Aug 15318 J'ne
1375
i 269 270
269 270
268 2721: 266 269
262 26412 26113 264
2411a Feb 20 :32412 J'ly )
10512 10512 10534 1053 10533 10512 10538 1033 10512 1051 1053 1053
4
:
8
4
10114 Jan 11 1083 Jan la
4
3
: 2834 30
2934 30
2933 3014 3012 31
2912 3038 30
30
2514 Feb 6 31 May17
2512 Dec
3612 Mch ,
9112 9112 91
9112 9114 9213 92
923
4 9214 9214 91
86 Feb 7 9412 Nich 12
9238
85(4 t)ct
9614 J'ne
I *35
39
38
38 *__ 38
*2712 38
*37
38
*37
2518 Jan 25 4138 May 2
38
2412 Sep
3412 Feb
1 453 45 4 4553 4614 4538 4614 4514 457
8
3
44 4 4514 45
3
4538
$34 Feb 1 $4614 Aug a :29 Sep 24118 J'ne
: 125 12514 124 124 *12234 12614 *12234 126 .12234 126 *12414 126
10512 Feb 7 12618 Aug 1 i 10612 Dec 108 Deo I
*5812 59
,
5813 59
59
60
59
5038 5814 5812 59
5353 J'ne to 6034 Aug3,
6034
*10558 10534 10512 1055 10513 10512 *10512 1057 *10534 1057;. 10578 10633
8
8
10234 Feb 2 10818 J'ne 17 10314 Deo 10/ Deo I
f 403 41
4
4034 4113 4014 4033 4012 403,
4014 407
8 4012 41
2734 Feb 27 42(3 Aug 44.
In Sep
3618 Aug •
' *7314 737
*7212 7312 *73
8 7312 7378 7312 7334 13
12 74
5812 Feb 27 7414 May a
7312
54 Set)
4
663
*147 148 .14612 148 *147 148 *147 148
147 14712 14712 148
13712 xich 21 149 Aug 1:: x129 Sep 14814 trlY ;
Nov •
*3558 37
*3514 371s *3414 3718 *3514 37
t 36 4 3634 *3514 37
3
2912 Itch Os 4018 Apr 30
28 Feb
31 Mai
. *2812 2834 2812 29
2912 2933 29 4 2933 2958 2914 2912
3
29
183 Sep
4
1612 Feb 27 3314 Aug 16
3338 Feb t
! *99 100
*9812 99
*99 100
*9812
99
99
__
*9812 99
91i8 Dec 105 Feb.
80 Feb 27 100 Aug 15
i 385 3834 39 -33
938 3914 39 8 3914 397
3
8
s 387 3914 3918 3912 23,600 dChino Copper__ par $5 $23 Jan 15 3397 Aug 4* 51013 Sep $2712 Deo
5
323 3312 11,
3258 33
4
34
*3114 3214 3114 3114 3112 3318 33
900 Colorado Fuel as Iron
25 Sep
3638 Feb •
2318 Feb 21 3414 Apr 10
14558 14614 14514 14513 14.584 1457 14533 1463 14514 1457 145 8 14614 7,600 Consolidated Gas (N I() _ 13814 Feb 17 14913 Aug 12 1283 Sep 14812J ne
3
3
8
3
4
1538 1553
8
1534 1578 16
1638 157 1613 1573 16
153 May
4
1/58 Oct
7,840 Corn Products Refining
16
10 Jan 16 1712 Apr 24
16
t *8312 8412 8414 847
8414 845
8 85
. 85
8
*8412 8514 1,950
8 845 85
Do pret
85 May
73 Sep
z7614 Jan 3 87 Apr 24
3514 35
1 35
3514 35
3518 *3412 3514 *3414 35
*3438 35
2,300 Distillers' Securities Corp 28 Feb 5 3014 Aug 21
3814 Mch
29 Sep
i *15
*17
20
20
*17
20
*17
20
*15
20
FederalprIgning & Stneit'g
*17
20
36 Feb
1114 Feb 28 2133 J'iy 3
13 Dec
*43
48
i *43
47
*43
49
*43
Do
48
4812 *45
*43
48
3718 Jan 23 50 J'ly 2
6612 May
37 Dec
1 18212 183
183 18334 18214 1831: 18212 18212 1825
183 183
3'18278 2,600 General Electric
155 Jan 2 18812 J'ly 25 142 Sep 10838 May
4034 4112 4212 393 42
3812 3914 3812 3912 3914 3953 40
6,913 Gen Motors vot tz etts_
30 Feb 26 4212 Aug .A/
5134 Aug
35 Nov
4
: 48073 81
7
80 8 80 3 807
7
8038 8038 80
3 8114 82
Do pre vet tr ctfs_ '7014 May 3 82 Apr 8
2,120
7412 Dec
8658 Aug
82
82
33 34
5
3
33 34
3
5
353 33
3
38 3 4
5
4
$312 Oct
35
8 383
33
4 33
$77 Jan
8
4 8,400 dfloldlleld Con M. Par $10 $358 Aug 22 $5 Mch lb
7834 8018 79
i ---- ---_ ___-___ ___-__
7914 78 4 79
7834 Aug z• 8018 Aug 26
3
4,100 Goodrich (B F)
10814 10513 *10714 10814 *10713 10814
10814 Aug.
i dGDop E
08 -- ugirec h
pret
593
4
:., 10813 Aug 28
3 608 5914 593
4 59
5912 *5812 5912 10,5200
7
59 3 6033 -597 - 3
xplo..Par 325 $33 J'ly 11 46233 J'ne 14
36
1834 1834 *1834 19
19
19
1913 19
1912 19
t
*183 19
s i, tr $20
2,501 dInsp nCon o p tPar crt8 151814 J'ne 3 $2018 J'ne 7
4
•
•
4
. 12114 12114 121 121 *121 1213 12113 12112 *1203 1213 *---- 122
Harvester
4
10514 Feb 1 12519 Aug 5
4
200
9918 Sep 12933 May
*
I *118 119 *118 119 *118 119118 119 *11818 119 *11813 119
Do pret stk tr ctts ___ 11812 Jan 26 12134 Apr ti 115 Sep 12814 May
53
53
8
514 53
5.18 *5
tost
8 *5
538 *5
8 *5
53_
300 Int Mer Marine stk tr etts
4 Itch 7
314 Sep
77 Mch 23
8
578 Jan
*1812 20
19 4 1934 1934 19 4 193 19 4 ' 4 2 7
19
3
19
Do pre
3
4
153 J'ly 30 26 Itch 214
4
14 Aua
3
2212 Dec
203
0 8 1,100
1 *1534 16 4 16
163
1613 16
16
1613 *16
D r pronal Paper
1612 *16
3
933 Jan 17 1034 May23
o Sep
1338 Jan .
1612 1,760000 Intecnatlet
1 5838 58 8 58
3
5815 5818 5813 *5712 5812 *5713 58
*57
z4578 Jan 3 0273 May23
58
4453 May
5638 Jan
1 *26
2812 *2614 2814 *26
28
27
27
*26
28
200 Internal Steam Pump
2413 J'ne :i 34 Jan 2
*2612 2714
44 Feb •
23 Oct
, *80
82
48112 8112 *80
8112 8018 8018 *80
82
*80
Do prof
79 FeD 1 8453 Apr 8
125
9012 J'ne •
8112
80 Oct
*106 8 10712 10713 10713.107 10712 *107 10712 10712 10712 2108 106
7
Laclede Gas (St L) coin_ 104 Math 16 10834 Jan 4 10114 Sep 11412 Jan
200
*205i2 20812 20834 213
213 21578 212 215
20812 211
8,420 Liggett & Myers Tobacco 1567 Jan 15 21573 Aug 27
207 208
8
1 *117 119 *117 119
11734 11734 11778 1177 118 118 *117 118
Do p il te Bed
8
3.310000 Loosc_Wreesrr is tr co ars 143 jin 22 14 18 J. y 26
0512 Ja y 1
,
17 A l g 9
8
u
4334 433
4 4378 4414 4334 4334 4334 4414 4358 4334 433 433
4
4
8
1035 10353, *10314 1033 *10314 1033 010314 1033 *10314 10334 10312 10358
Do 1st pret
4
4
4
300
103 'Fly 22 10414 J'ly 27
3d pref es
*9012 9112 *91
92
*9013 9112 9114 9114 9112 9113 *91
90 J'ly 22 9212 J'ly 26
9134
*85
90
Do 3
*87
90
*86
80
7518 Jan 31 9214 J'iy 17
8734 873 *8812 91
87
87
4
7412 Dec
ES Maoltay
95 Feb
p
D i e:ari,
lim ae yxecpa raf et
*6914 6013 6933 6938 *6914 6913 43913 6913 *6914 6934 *69 8 6 4
68i2 Jan 11 7078 Jan 23
3
68 Dec
93
77 Mali
81
*79
troie Stores_ 69 Apr 11 84 Aug .2
m en tum
82
81
807 80 8 *78
*79
- ---- *73
81
8
7
73 Apr
87 J'ne
Do pretprip.r!szuTtpar $3 $2534 J e b 24 $10 Jan 13 10734 Sep 11314 J'ne
10634 10634 *10634 10714 *10634 10714 10834 106 4 *10612 10714
3
'
1
10318 r ne 14 132
8
-i5i4 VE3-4 757 78
8
7814 7914 755 7958 77
8234 Apr 20 7958 Aug '-!,
78 4 7734
3
950
3320 0
8
1
2938 8:00
1 2912 29 8 2932 2934 2912 2953 2933 2912 2914 2912 2914 7814 827. 2 dm.alaatentoinCelo
5
*108 Sep WIT;Dec
i 140 1407 13913 14114 140 14012 14013 14013 140 140
8
140 140
12013 J'iy 26 161 Apr 3,• 11714Jan
14334 Nov
*123 127 *125 127 *123 127 4125 124 *123 127 *123 12612
10 It` Do pret
8
1267 Aug 8 131 J'ne 13 1'24 Jan 130 Feb
I *1712 1812 18
350 Nat Enamerg & Stamp'g
1815 *173 1814
4
22 J'ly
1714 1714 *1713 18
1213 Dec
417
1214 Feb 29 1914 May15
17
90
pret
90
92
85 Jan 1003 J'iy
3
90 4 *88
88 Feu 27 952 Jan 2
4
4 9012 9012 90
903 903
93
4
1 *91
V
5938 5978 5978 6078 6014 6034 60
6014 6012 6 5
5118 Jan 9 6078 Aug 269 Feb
4213 Sep
/
0 8 6,21 Na _loon__
Do pref
4188 179114 *10712 111 *107 111 *107 111 *107 110 *107 110
14
10312 Feb 1 11014 Aug 20 104 Sep 1093 Aug ;
4
14,
50e dNev Cons Copper_Par $5 $1814 Jan 21) $2314 May 1 $1518 Sep $2114 J'ne
4
2253 2234 22(3 2238 2212 223
; 2253 22 8 2234 2318 *2234 23
7
82
' *78
*78
L
*78
80
80
78
79
78
*78
79
81
450 New York Air Brake__ __
50 Feb 17 83 Aug 21
45 Oct
76 Feb
8612 1,500 North American Co (new/ 7412 Jan 3 877 Aug 21
8
8534 8614 8613 8613 855 8534 *85
I 8512 8613 8513 86
64 Jan
7434 May
5
acIfie Mall
, *3012 3112 3012 3012 3083 3112 3112 3238 31
31
*31
32
30 Jan 3 35 Mch27
2313 Apr
3338 Nov
5014 5014 *51)
51
5012 LW°
51
51
Telep & Teieg
! 5114 5114 *5012 5112 51
47 Feb 5 5538 Apr '25
35 Sep
5458 Jan
7
2
*116 1103 11834 11634 11612 11634 1163 11638 116 8 11534 1, 51 People's G L & 0 (Chic) _ 103 Jan 8 11814 May25 10112 Ain 109 Jan .
3
3
4
4
1163 1163
I*103 105 *103 106 510212 105
10334 104 410312 105 .10312 105
200 Philadelphia Co (Pittsb) _ 102 J'ne 3 11114 Feb 16
99 Sep 11813 J'ne
7,300 Pittsburgh Coal Co
251: 2414 2412 2412 25
, 2412 245
8 2413 242 2434 2513 25
103 Mch 1 2/14 Aug 14
4
17 Dec
2314 J'ne
98
9812 975 9734 973 98
8
4
8 9714 9512
4,410
14 973
9612 9712 97
77 Feb 8 1001 Aug II
i *
6734 Jan
4
9073 J'is
• *190 194
Lori 1 r6f
191 191
19278 193. 194 19712 194 195
190 19018 2,290 P.Do PIard Co
167 Mehl] 20013 J'ne 8
.117 120 *116 121 *11712 120 *116 118
117 117 *118 120
b
10734 Jan 12 118 Aug 20
1208 1,351050000 PressedpuD0
*3734 3814 3778 38
38 381Steel d
38
ferr2;ae
3814 *33
3812 *373 38
4
2834 Feb 27 333 Aug 11
25 Sep
4
3758 J'ne
1.10212 10312 *10212 10312 .102 104 *10212 10312 *102 10312 *10212 10312
set
96 Feb 28 10334 Aug 16
10234 J'ne
91
Serp ice Corp of N J - 10634 Feb 17 12078 Aug 13 108 Sep 120 Feb
DO v
11914 11914 11912 11912 *11734 11938 *11734 11953 11912 11913 11933
Oct
Pullman Company
,1171 172
172 172
170112 171 417013 170 4 169 109
17034 171
3
15812 Feb 2 173 Aug 2) 154 Sep 163 Jan ,
717
f *3734 3812 3734 3734 *3734 3858 3734 373
c pre
3818
7
4 3734 37 8 38
2712 Feb 8 3812 Aug 20
600 Ilailga y Strl Spring
26 Oct
39 J'ne
1.103 105 .103 103 *10312 105
10434 105 *10312 105
105 105
100 Mch 12 105 Aug28
300 11`'
92
18,900 dRay ConsCopper Par $10 $16 Jan 29 $2212 J'ne21 512 Jan 103 J.no
2218 2138 22
3 217
3
2112 217
P 2134 217
8 2114 2138 2118 2138
Sep 819 Deo
2312 *28
11128
2812 2812 2834 *28
277 277s
*2713 29
8
29
900 Republic) Iron & Steel._
18 Oct
3514 Feb ,
153 Feb 26 2913 Aug 21
4
9113 9112 9114 9114 9114 9138 91
91
9113 9114 *90
6412 Feb 27 92 Aug 21
14 9114
7418 Oct
993 Feb
8
*102 10218 102 102 *102 103 *102 103
Rumely (M) pref
102 10213 1.5960:700590 61.4._sterfieja steel &it_ 100 J'ne20 103 J'ly 20
102 102
20312 20313 20314 204
, 20314 205
20212 20312 203 20333 20314 204
2,700 Sears, 'Roebuck & Co_ _ _ 140 Jan 15 '20634 Aug 12 12512 Sep 192 Feb
*55
56
56
56
57
56
• *56
57
5(314 Feb
3914 Jan 30 59 Aug 15
34 Sep
5512 5512 55
55
Stal:laPrdretMilllng
*28
*29
30
*29
30
*2812 30
30
*2813 30
29
29
1614 Jan 19 3312 J./let•V
15 Aug
1718 J'ne
,
Do pret
,*60
66
*60
67
*60
87
*60
*63
67
*60
66
66
53 Jan 8 63 Aug 21
50 J'ly
53 Dec
43
*4212 4312 4312 4312 43
*4212 44
44212 4212 *4212 44
840 Studebaker Corp (The)_
30 J'ly 10 4912 Aug 0
Do pref
*9412 9518 *9412 953 *9412 953 495
1, *9412 9512 9412 95
4
9012 J'ne 28 0818 Aug 13
4
250
95
' 4418 4418 44
4414 4334 44
4312 44
4213 43
43
.
4313
.5 $3413 Feb 1 $4714 May21 1631014 Sep $44 J'ne
52
.
'
0012614 12814 126 12612 6127 127
Crxn ne" an y (4he)
12714 128
eep
1
12734 12812 128 12912 4 1°° Teeas Com e PP .
7412 Nov 13612 Feb
8184 AprJan 13 1 1334 .1 ly 29
6 1 10 J: e8
ar
3 940 4 l' ndrerd Typewriter. 98
'
4.)
*108 111 *108 111 *108 111 *108 111 *108 111 *108 111
pe e
03 Mch 111 J'ne
*11412
._ *11412 -___ *11412 -- *11414 -___ *11414 --.511412
110 J'ne 14 11414 J'ly 20 103 14ch 11378 J17
_-,
Union Bag & Paper
, 14
1378 -14
1412' 1414 1432 14
1438
1334 1334 1334 14
1778 May16
458 Jan 25
434 Dec
9 Feb
• *6013 62
00
Do pref
6014 6014 6112 6112 *60
6113 *6012 62
*6012 82
4934 Feb 21 6734 MnY15
8012 NOV
5912 Jan
100 United Ogar Mfrs
3
*533 567
8 567 5673 *5378 5612 *541s 5812
4
4
53(4 „rly 17 0434 May21
*533 57
57
*53
,*103 110 *103 110 *103 110 *105 110 *10312 110 *103 110
Do
pref
105 Jan 10 103 Feb 15 10014 Sep 110612 Oct
, *19
1934 2012 2038 2034 21
20
1,265 U S Cast I Pipe & Founar 13 Feb 16 2.13 May16
21
*20
21
21
§21
li Sep
19 Feb
Do pref
61
60
60
*5912 60
6012 60
CO
*5912 61
825
*5912 61
50 Jan 4 01 J'ne l':
401: Sep z61 Feb
U)
S In et
53
53
5218 5218 *52
55
53
53
s
5214 52'14 *52
55
Jan
Alcohol
500
55 Aug 2 4
24 Aug
30 May
135
*8312 8414 *834 85
*83
U S Realty & Itnprov't_ 66 J n 41
; *8312 8412 *8312 8412 *83
85
27
8612 J'ly i•
7934 May
6513 Jan
*5114 5134 5112 5112 5112 5134 15112 51314 51
5138 5118 5112 3,745 United States Rubber__
4514 Feb 1 6778 may21
801/ Sep
4812 Dec
!4
110838 10832 10812 10812 10832 1083 *108 109
10873 10878 *10812 109
Do 1st pre(
4
530
10553 J'l7 25 116 II ay2tt 104 Sep 11512 J'ly
80
*78
*78
80
*78
79
*79
80
80
79
*79
80
75 Jan 23 8512 May21
66 Serf
79 At eh
i 7334 74 •
7338 7418 7378 7478 7414 75
7414 7478 x733 733 200,51)0 CnIted Stat er Steel
po Ed Pres
3
9
4
5814 Feb 13 75 Aug '2 i
54) Oct
5218 Feb
t 113 11313 113 11318 11338 11312 11338 1133 11312 11312 1133 11312 4,400
8
Do pre(
8
10738 Feb 13 114 Aug 1 103 Oct 12078 Fob
4 653 653
8
4 6538 655 40,400 dUtali Copper___Per $10 35213 Jan 29 86714 Aug 26 $38
! 8512 8614 6612 6714 6631 6714 6,534 663
8
8
Sep 3577 Deo
4814 4712. 48
i 48
4734 4734 4772 4772 4712 4712 *4712 43
1,100 Virginia-Carollna Chem.._
4714 J'ly 12 5714 Jan 26
4318 Sep
7038 Feb
>*115 11612 11613 11612 *115 117 *115 117 *115 117
117 117
11512 Aug 1/ 122 Mch27 114 Sep 128(3 latch
2 0 W elis Ftr
152
6
134 134 *133 136 1134 134 *133 137 5137 137
*133 137
Do Preaco & Co
4133 Aug 19 151 Jan 3 139 Sep 177 May
*8134 8234 8178 82
82
8214 8214 8214 *8112 8212 *8112 82
1,010 / V Went Lnion Teleg
79 Jan 2 8614 Jan 18
8412 May
7153 Apr
, 8718 8734 87
8734 87
883
8 87
6,300 WeetIngh'seEl&M fg asfen 66 4 Jan 3 8912 Aug ,
8814 8714 8714 8714 88
1
7i) May
5858 Sep
*12318 128 *124 128 *124 127 *124 130 *124 130 *124 130
Do 1st pref
11478 Jan 5 128 Aug 8 11013 Aus 123 Jan
9512 9512 94
9512 9414 9
96
9612 96
95
59534 953
4,500 Woolworth (F W)
9212 J ly 25 9914 J'ne 2i
4
.C135., 114
11414 11414 11434 1143, *1144 115
115 115
pref
115 115
Do
400
11314 J'ly
11634 J'iy 2
1
"
I
7
Pacific
BANKS AND TRUST COMPANIES
-BANKERS' QUOTATIONS.
1
Banks
Brooklyn
ConoY ill'cIT
First ...... •__
Greenenna _
1111151deT _-liomesteadt
ManUtae'rs
Mechaulos'§
Montauk 11
Nassau ____
Nat City__
. . .
•
Hits
Ask
-_
284)
___
......
___
405
730
_ _
112
275
155
295
161
125
115
425
240
150
225
295
Banks
Br.,,Itlyn
North Side /
People's ___
Prosp'etP10
HU
Ask
175
145
150
200
155
105
Trust Co's
Trust Cal Bid
Ask
Guardian Tr
.N Y CNN
Central i'r_. 1025
__ _ Hudson .....
4.1olumbia- Law T I&Tr
Lincoln Ti'
Knlekerb 575 585
Commercial
9712
. MetropolT0
Em
Ti.._. 300 310
re
Trust Co's
-- - Niutual Alli
EquIt'ble
51213 54712 ance
Farm Lo&"1_ 1100
N 1( 014
Aut.( WestAstor
Fidelity --_ 215
410 420
--- 222
chester)...
dankers"rr 580 585
Fn.ton ..„... 315 325
[Sway Tr
17713 18212 Utiar'ty Tr_ 1025 1035•
Big
90
137
224
.... _
455
-
Ask
105
142
228
140
463
145
152
140
150
[sus. Co's
Bra
Ask
NY Life &Tr 1030 1045
.4 Y Trust. 630 640
Standard l'r 370 375
1'11.1013M Tr 580 584
Union Tr .. 1300
- 1.1S Iltg&-Tr 470
48,1
Unit States ilti) 1130
Washington 390
410
Westchester 15,)
160
Windsor - 188
192
trust Co's Silt
Brolklyn
t 1rook lya 11 470
J1111003 ___ 150
Fran!clin___ f270
115111111,36 -- 275
110
Home
King's Co
620
L NI L & Tr 300
Nassau __-_ 130
Peoples' __ 235
:ueens Co. 95
Ask
......
---.
„...
311305
105
• Bid and asked prices no sales on this day. f Le33 than 100 shares. t hx-rights. a Es-div and
r ghts. b
_.• t Sale at Stook Exchange or at auction this week. s Ex stook dividend. If Banks marked with a paragraph New stock. d Quote.1 dollars per share.
(11) are State banks. z EX-dividend.
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
defaulted bonds.
and prices are now all—"and interest"—except for income and
Jan. 1 1909 the Exchange method of quoting bonds was changed,
N.
BONDS
t2
Y. STOCK EXCHANGE
Week Ending August 30.
Price
Friday
August 30
Week's
Range or
Las Sale
Range
Since
Jan, 1,
t
BONDS
N. Y. STOCK EXCHANGE
.3,
4
Week Ending August 30.
Price
Frida4
August 30
Week'?
Range or
Last Sale
Range
Since I
Jan. 1.
J
011,
Ifigl No Low Mg
Ask Low
Bid
High No. Low High Chesapeake & Ohio—
Ask Low
Bid
10112 1041
U. S. Uoyernment.
Gen funding & impt 55_1929 J -J -_10( 10112 Aug'12
4
1003,1 1007
10034 May'12
1101
6 109 1113,
1939 M-N 10712 1101: ,t),)
IU S 2s consol registercd__d1930 Q- J 101 10114 10034 May 12
1st consol gold 58
10034 1013,
110 11114
coupon -__d1930 Q- J 101 10111
U S 23 consol
1939 .M-N 107 ____ Ill May0
Registered
102 10234
4
k1918 Q-F 102 1023 10212 J'ly '12
9975 7 9912 103 1
,U S 3s registered
1992 M-S 0912 Sale 9912
General gold 454$
k1918 Q-F 102 1023, 10214 Aug 12 61 10112 10314
1(1 S 3s coupon
1992 IM-S 0812 1004 993 Noy'll
Registered
113141145k
1925 Q-F 11312 11414 11358 Aug'12
8
- 64
933, 131 -03 - -1
,U S 45 registered
1930 F- A 9312Sale 9314
Convertible 4345
4
1925 Q-F l'.312 11114 114 Aug'12 s, 11314 1143
8614 89 1
,U S 48 coupon
Big Sandy 1st 4s
1944 J -D 8614 891; 8614 J'ly '12
10038 10118 10012 J'ne '11 sl
:U S Pan Canal 10-30-yr 2s k1936
Goal H1V Ry 1st gu 4s,,
1945 J -D 863 895, 8812J'ne'11
jOi32 10217 Craig
4'
j0134 11713
1961 Q-S 10138 10178 10134 Aug
4
1013 May'1
11 S Panama Canal 3s g
1940 J -J 103
Valley 1st g 5s
84 8634
8.3 __ 64 May'l
1946 J -J
Potts Creek Br 1st 4s
9312 96
Foreign (lovertiment
R ac A Div 1st con g 4s_1989 J -J___- 941: 95 MaY'l
1 97 100
100
S 1100 Sale 100
9012 9012
,Argentine—Internal 5s of 1909 _
9012 Aug•I:
2d conso) gold 4s
1989 J -J __ _
9314 951:
8
,Chinese (Hukuang) Ity Is X__ J -D I 0312 943 9418 Aug'12
Greenbrier Ity 1st gu g is 1940 M-N 9138 ___ 95 Oct '10
3 "ir 7212
!Imperial Japanese Government7018
70
A-() 70 71
1949
Chic & Alt R11 ref g 3s
1 9112 94
9214
6014 6512
1923 F- A I 92 023 92
' Sterling loan 4 Hs
3
4
65
Railway 1st lien 3 Hs__ _ _1950 J -J 64 4 Sala 643
3 9088 93
9114
92 91
91
9954 100 1
1925 J -J
2d Series 4 Hs
8'312 8818 Chic B & Q Denver Div 4s1922 F-A 9938 _ _ _ _ 00 Aug'12 13 8513 88
8312 8534 8334 Aug'12
66
1931 J J
Sterling loan 4s
Sale 8518
8518
1940 J J
Illinois Div 3(is
3 10213 108
11.334
4
8512 8614,
iRepubile of Cuba 5s eaten debt_ M-S 110312 10334 1033
85 _ __ 8614 Aug'12
1949 J -J
9914
7 99
Registeied
99
9918 99
9812 10013
9.3
.
1949 F- A j _
External loan 4(is
99 Sale 99
1949 J -J
Illinois Div 4s
9718 983,
9758 Aug'12
9854 9912
iSan Paulo (Brazil) trust 53_1919 J -J j 97% 98
97 100 98383'ne'12
1949 J J
Registered
9378 95
9334 9378 Aug '12
10454 105
1045
;Tokyo -ity loan of 1912, 53-- M- S 93 9617 9613
10433
1913) A-0 101
Iowa Div sink fund 53
1,614
9512 9714
9614
5
9914 99 3
(U S of Mexico s t g 5s of___ _1899
1919 A-0 9914 100 9914 Aug'12
Sinking fund 4s___
May'12
88 91
— 9014
1954
8
,s8
4
973 995
Gold 48 of 1904
4
Nebraska Extension 4s 1927 M-N 973 98 9734
$5 to Z.
l'hese. are p Ices on iheba its
_1927 M-N 9634 971: 9814 Meh'll
Registered
‘611-.
-6473;. 2
State and City Securities
4s_ __1921 11-5 9938 ____ 9912 Aug'12
Southwestern Div
17 10012 103
1960 M-S 101 Sale 10012 101
Y City-4 1s
Joint bonds See Great North
1003 110 10018 loll,
10013 Sale 10018
8
1003 10158
4 Hs when Issued
19135%-N 10038 1008/ 10034 Aug'12
DeOenture 58
8 26 '3858 10018
987
95629 11C-14 9858 9878 9838
9578 6, 9512 9714
4% Corporate Stock-9 1958 M-S 0512 Sale 9512
General 4s
1 9838 10018
988
Stock___1958 51-N 9854 98;8 98533
3 7712 8112
4% Corporate
4
773
7712 Sale 7712
9S4, 26 083 10014 Chic & E 111 ref & imp 4 gs_1955 J -J
.
4
1957 M-N 9854 9871, 3834
122 125
o
_4y Corporate stock
lit consol gold 6s
1934 A-0 1.1912 1221.: 12214 J'ly '.1.1
10534 10778
10612 106 Aug'12
1957 M N
107 11118
I7
New 4
1 107 Alig"Il•
General consol 1st 5s__1937 Ni-N
10188
102 10234
1917 M-N 10178 102 10153
10914 10914
(is
'12
, New 4
1937 NI-N ---- ---- 10914 Feb
Reglstered
1064
10534 10778
_11)57 M-N 106 10614 10614
10812 10913
10812rne'12
Chic & Ind C Ry 1st 58_1936 .I -J 1063__
, 4..5% Corporate Stock_
2 10112 10278
10214
10213
10214_
7;
2: 77 83
77
4% assessment bonds_1917 M-N 85 Saie 85
7714 77
Chic Gt Western 1st 4s....„1959 tsf-S
86
85 88
-'31-N
_ 125 12912,
31.4% Corporate Stock 1054
1 100% 10278 Chic Ind & Loulsv—Red 68_1947 J -J ---- 1251: 125 Aug 12
101
s 101 __ 101
1961
10934 1103
Y State-48
4
4
, 093 Aug 12
1947 J-J___
Refunding gold 5s
10118 10278
10134 Aug'12
Canal Improvement 45...l961 J -J
----- -O558 Apr 11
-J --__
Refunding 4$ Series C_ _1917 J
10118 103
1011830y '11
"icT
, Canal Impinent (new) 4s 1961 J J 101 10218 10034 J'ne'12
80 rly •12
Ind & Louisv 1st gu 43_1956 J -J -_-- 84
10034 102
____
J j
9014 9153
Canal Improvement 48_ _1960
Chic Ind & Sou 50-yr 43
1956 J J --- 9114 9014
01
" 4
9714 _ 1031: J'ly '10
1933 -J
So Carolina 4 Hs 20-40
___ 104
Hs
4 - Chic Mil & East
65 -6734 Chic L S & St P 1st 4 g 53_ 1969 .1 -1) 101 ____ 101 Dec 01 _ 101 102l
1913 J -j 9712 9638 9734 Apr '12
Aug'12
:Tenn new settlement 3s
1914 J -J
terml
87
8612Deo
J -J
1991
Virginia fund debt 2-38
ii" 9612 99
4
97
9612
Gen'l gold 43 Series A__01989 J -J
9612 97
30 "id 57
55
55
9712 98
(3s deferred Brown Bros ctts__ - - 52 56
9712 Apr '12
95
01989 Q-J
Registered
8413 8678
Railroad
8418
8413 85 8413
Gen'i gold 3 Hs Series 13_01989 J-J
2 77 8414
79
79 8114 79
81005
A an Arbor 1st g 48
86 J'ne'fl -01989 J -J
83
Registered
26 0612 100
97
11.tch Top & S Fe gen g 43_1995 -0 9034 Sala 9634
91 : 66 "66'"ES;
62 91
1934 J-J ____ -year deben 43
25
9618 991,
98 9618 J'ly '12
1995 A-0
Reistered
10617 147 10134 107
10618 Sale 10618
Cony 4 %8 (full pd rectal
92%
89
10614 108
Adjustment gold 43____81905 Nov 8914 8912 8015 Aug'12
(0614 Apr '12
Chic & L Sup Div g 5s___1921 J -J 105
9014 91
81995 Nov 88 9114 91 Feb '12
Registered
•
108 10834
_ 108 J'ne'12
Chic & Mo Rio Div 53_1926 J -J 108
891,
89 9254
3
Stamped
•
311995 M-N 8913 8974 8934
105 1065
105
1921 J -J 105 Sale 105
Chic & P W 1st g as
4
10614 1073
.10734 Apr '12
-9273 9514
• Cony 45 issue of 1909____1955
9278 Aug'12
CM & Puget Sd 1st gu 45 1941) J -J ____ 93
11 10534 1101 1
1083
1955 J -D 10812 10914 10838
102 103
Cony gold 48 •
1916 J -J 10214 1021: 102 J'ly '12
Dak & (It So gold 5s
1053 195 10014 10615
103 Sale 10178
113 11353
Cony 43 (Issue of 1910)_1960 .1-O
11314 Apr '1
Dubuque Div 1st s f 6s 1920 J -J 11238
8
10914 43 105 1103
_1917 -D 10812 10314 10354
10-year cony gold
1924 J -J 11518
1173 Aug'11
Far & Sou assum g 6s
9914 J'ly '11
5s_10412 10434
• Debentures 4s Series K__1913 F -A
4
1919 J -J 1043 ____ 10434 Joel
53
4
"dr "d63- LaCrosse & D 1stg 5s
9512 9612 96 J'ly
106 10634
•• East Okla Div 1st g 4s_.1028 5%-S
1921 j-j 10134 1035 106 J'ne'12
Wis & Minn Div
6 02 94
923
• Short Line 1st 48 gold_ 1958 J -j 9233 9212 9212
1920 J -J 11234 113 11234 Mch'1 _ -.- 11234 11234
Wls Val' Div 1st 6s
1001:
9974
100 9974
ism,
1 101 10114
10118
, Cal-Ariz 1st & ref 4 s_ _1962 5%-S 9974 10334 109 J'ly '12 30 9934 1101:
1913 J -D 10118
1.111 & No 1st cons 6s
109
10014 10013
' • S Fe Pres & Ph 1st g 5s_1942 M-S
10018 Aug'1:.
1913 J -D 100
Extended 4 348
106383'1y '11
M-S
10653 108
Chic & St L 1st 6s
& N West cons 78 _1915 Q-F __-- 1031: 10688 rly '1:.
93
10 6418 967 Chicago
Sale 9434
9952
9653 98
9653 J'ne•l•
,
"
AU Coast L 1st gold 46_81 1 5 NI- S 9434
1886-1928 1 -A 9634 _
Extension 93
98 Oct '06
81952 51-S
Registered
95 __ 9734 Nov'll
1886-1926 F-A
Registered
10612 108 10853 Aug '11
4
1987 M- N 833 Sale 833
4
• Ala Mid 1st gu gold 58_ __1928 M-N
4
8414 74 533 87
General gold 3 30
1 95 - 9534
95
9434 ____ 95
8434 rly •12
4
8412 863
• Bruns & W 1st gu gold 43 1938 J -J
p1987 Q-F 8312 87
Registered
963. 71 953 9 3
Charles & Say 1st gold 73 1936 J -J
4 84
3
General 4s
1087 NI- N 95 4 Salo 9534
2
-01952 11-N 9412 Sale 9412
98 104 -933 "66;
11134 Noy'll
, L & N col, gold 48
Sinking fund 63.___1879-1929 A-0 11012
12318 12311
10934
1st gold 63_1934 A -0 12218 124 12318 J'ne'12
Say F & W
4
ig3
l093 Aug'12
1879-1929 A-0 10312
Registered
_ 1121: 11053 May'11 -.
1934 A -0
1st gold 5s
105
•
1 105 10673
105
1879-1929 A-0 10512
Sinking fund 5s
97 100 97 Aug'12 _.. 97 97
1918 J -J
' Sil Sp Oca & G gu g 4s
10378 Dec '11
1879-1929 A-0 104l2_,
Registered
8
9114 20 91 93
91 913 91
1925 J -J
Ohio Prior 3(is
&
10414 10513
1921 A-0 10414 Sale 10414
10414
Debenture 53
997,8 u133
4
9014 913 9033 Aug'12
81925 Q-J
Registered
10612 Feb '1
1921 A-0 103
Registered
712 52 97 9014
81948 A-0 97 Sale 97
• Gold 4
10813 10813
10812 Meh'12
1933 M-N 10314
Sinking fund deb 53
96 9816
96'34__.90 Aug 12,.
81948
Registered
•
10734 Aug'11
1933 M-N
Registered
112 112
112 Jan '12
-J
1
126 i27
, Pitts June 1st gold Ss, ___I922 ?-j
Frem Elk & Mo V 1st 63_1933 A-0 121%12'71: 126 rly '12
90
gg
P June & M Div 1st g 3(01925 M- N 8712 ____ 8838 Aug •12
90125ep '09
Mani G B &N W 1st 3 Hs 1941 J-3
23 81
90
62 92
PLE &W Va Sys ref 45_1941 M- N 8912 Sale 8912
Milw &S L let gu 3(0_1941 J -J ---- 863 ---4
- -- 9013 66 8978 9112
s
Southw Div 1st gold 3 145 1925 J -j 8312 Sale 8978
11112 iiEf
4
Dal L S & West 1st g 6s 1921 M-S 1113 113 11117 Aug'12
10634 110
k Can Ohio It 1st c g 4 54s__1930 M-S 10158 ___. 103 Meh'10
10,131 Aug '1:
Ext & imps t gold 5s 1929 F-A 108
107 11112
10912 107 rne'12
, CI Lor & W con 1st g 5s__1933 A-0
1421. Feb '02
Ashland Dly lit g 68_1925 M-S 11618
1041,
10214
8
Monon itiv 1st gu g 5s___1919 F -A 1025 ---- 10214 3'00'12
4
id:C llOSg
4
1163 May'12
Mlch Div 1st gold 6s 1924 J -J 11683
8
10013 1093
.- 10938 Mch •12
9217
9212 94
Ohio River RR 1st g 58__1936 j-D 107
Mil Spar & N W 1st gu 43_1947 M- S 9212 sale 9212
_ 105 1051!
r - 113518 10312 Apr '12
1937 A -0
•
General gold 5s
Northw Union 1st 7s g_1917 NI-S 11034 __• 115 J'ly '11
11:312
11312
Pitts Cleo & Tol 1st g 63_1922 A-0 112 _--- 11312 Feb '12
110 iff"'
3
Winona & St P 1st ext 73 1916 J-D 199 4 111 110 Aug '1_
:
9712 971
4
973 --. 9712 Mch '12
1917 J -J
2,
• Pitts & West 1st g 4s
10734 1087
103 Aug'12
Chicago Rock Is & Pa 63 1917 J -J 10778
91
J'ne'12
91
' Stat 1si Ity lit gu g 4 30_1943 j-D 91 _-_- 91 Sly '12
1917 J -J 10812 __
109 Aug•10
Registered
11178 11212
112
S 11012
1937
11 & P gen g 5s
s
9412 "dif
9458
3
1988 J -3 94 8 Sale 9458
General gold 4s
104 10714
1937 M-N 10114 10512 104 Aug'12
94 9614
, Congo! 434s
1988 J -J
9312 9178 95 J'ly '12
Itegistered
—_
All do West 1st g 4s gu_ _1998 A-0 97 ._-- 97 Feb '11 ___
03
1934 A-0 873 Sale 8712
8818 67 8712 9 4
4
Refunding gold 4s
-_
9458
CI & Mah 1st gu g 58_ _1943 J -J 108 ____ 103 J'ly '08
92
46 91
1932 J -J 02 Sale 9178
20-year debenture 53
Roch & Pitts 1st gold 63_1921 F - A 112 __-. 11334 Noy'll
9734 Sep '11
Coll trust Series L 4s ___ _1914 81-N 1)612
112 Aug'12
112 11553
1922 J -I) 11314
Consol 1st g 6s
95 9434rne'll
19185%-N
43
P
60 72 Mch 10
Buff & Susq 1st ref g 48_d1051 .J
it- N 6834
6914
iddf;
10034
100)3 102 - Chic R I ac Pac RR 4s 2002 /1-N ___ 6914 (1313 Meh '1' 117 "di 7314
34
1913 J -J 10012 100 10034
flan So 1st ext 68
7134 7234
7134
2002
Registered
RR) 101
1913
S 100 10014 100 Aug'12
2d 5s
9112 93
9112 Aug '12
R I Ark & Louis 1st 454s 1934 M-S 9014 91
11)034 Jan '11
1913 5%-S
Registered
110 11118
,
110 ,Aug'12
_ 11273 Apr '12
4 Bur C R & N-1st g 53_1934 A-0____
iS3lit gold 55_131945 F-A 11212
,Central of Ga
-—
12015 Mch"03
1934 A-0 ____
Registered
am nits
14
.
)
1945 NI- N 109 10i. 10918 Aug'12
, • Congo! gold 53
- C R I F & N W let go Si '21 A-() 10312 1051: 10514 Sep '11
1 107 107
107
107
Registered
N 107
1945
•
II & St L 1st gu g 7s_1927 J -D
103 Dec '11
income g 5s___p1945 Oct
• lit pret
10234 Aug '11
Choc Ok & G gen g 58_01919 J -J 10112
'11
105 Deo
' Id pref income g 58____p1945 Oct
idi 1081
1952 M-N 10634 1081: 107 May'12
Consol gold 5s
013 Noy'll
- - yd pret Income g 55 stamped__
100 10114
1923 A-0 9912 1003, 10012 J'ly '1'
Keok as Des ).1 1st 53
--_ 107 Dec'l1.
3d pre income g 5s____p1945 611
131134 12 S912 9112
St Paul& K C Sh L lst 4(0'41 F-A 8012 Silo 8912
8518 Oct '10
3d pret 1 ncome g 58 stamped_ _
12112 124
8933 -9117 Chic St PM & 0 con 68__1930 J -D 121 1231: 12112 Aug•I:
9113 J'ly '12
_
Chatt Div pur moo g 4s_ _1951
93
J -D
_
'12
10714 10714 Cons 68 reduced to 330_1930 M-S 10212 Sale 10212 Dec '03 11 102 105
. -4
; Mac & Nor Div 1st g 53 1946 J -J 1671- 10312 10714 Jan
103
1930
Debenture 53
115 Nov'05
1947 J -J
Mid Ga & AU Div 5s
122 12312
122 J'ne '12
Ch St P & Minn lit g 6s 1918 51-N 121 ._
10034 May 11
1946 J -J 410814
" • Mobile Div lit g 58
_ 12968 May'09
1930 J -J 121
Nor Wisconsin 1st 63
Can 1111 & 13 of Ga col g 58_1937 M-N 101 10214 102123'1y '12 ik 10212 ini
11034 HU;
1919 A-0 10918 110 11(334 May'12
St P & S City 1st g 63
12014
34
120 122
1987 J -J 11.914 120 123
1Cent of N J gen'i gold 513
_____
Superior Short L 1st 5s g_1930 /.1-S 1093
I1934 12214
81987
11914 120 11934 A ug '1*
Registered
idi" foil;
Chic & West Ind gen g 6s_q1932 Q-M 106-'14 ___ 10812 J'ne'12
106 107
-j
Am Dock & Imp gu 5s-1921 ?-J 10114 10614 106 J'ly '12
8934 92114
34
Consol 50-year 43
4
863 9084 89- rI y '12
10212 1021:
1952 J - J
Le & Bud 14 gen gu g 58_1920 J -J 10212 ____ 10213 May'12
101 101
1937 J -J 100 10114 101 bach•12
Cin H as D 2d gold 4 30
100 100
100 J'ly '12
-B Coal 5s1912 M-N 100
• Leh & Wilkes
____
__
let Qs refunding 43
1959 J -J __ 9112
N Y & Long Br gen g 43_1941 11-S 98 __ 100 Dec '11
en7. Rel. .T'rtt,'19
86 87
1 a NCI 1.. I
lit ruaranteeti ls
9112 10 "id 0214
1Cent Vermont 1st gu g 45_61920 Q-F 9112 917 9112
'
I
,nalt
MISCELLANEOUS BONDS—Continued on Next Page.
Street Railway,
Mg
12 95
05
953, 95
58 Manhat Ry tNY) eons g 4s_1990 A-0
103 105
, 11 9514 98
951Stamped tax-exempt1990 A-0 9514 96 9512
87 8374 9434
9912 102
102 Meh'12
Net St Ry gen coil tr g 5s__1997 F-A
- 10112 10212
97 10358
Guaranty Trust Co certifs____
9834 9834
- 9018 J'ne'12
5812 64
2002
- 64 May'12
Refunding gold 43
5712 6214
6114 J'ly '1•
Loan & Tr ctf__
Farmers'
7 10133 idit;
jai" Sale 10112 11)2
5758 62
5934 Mch'12
Slam pet!
102
10112 1021!
10112 19214 102
103 10412,
10318.11y '12
g
id.ft;
8312 8834 Bway de 7th Av lstc g 58_1943 J
8512 -- 8534 May'12
10112 10312
102 Aug'12'
Col & 9th Av let go 5s_1993 M-S 10153 _
8414 86
86 Aug'12
8512 _
102 103 i
_ ___ 102 102 J'ne'12
Lex Ay Qs P F 1st gu g 55_1993
13 7712 81
ii
70 Sale 78
Third Av RR cons gu 48_2000 J -J
---- 74 J'ly '12 ---- 74 80 :
101 10174
10112 102% 101733'1u:1'12
7412 J'ly 0_ ---- 73 8114
Central Trust Co certs
10112 10214
---101 102 10.58 Aug'12
4 7214 8114;
71
74
74
Cent Tr Co etc stamped_
75 79%
7612 Aug 1:
7612 78
108 110121
10712 10911 108 J'ly '12
Third Ave Ry lit g 3s___1937
03 95
93 Apr '12
9312,11y 136
10014 10014 )let W S III (Chic) 1st g 48_1938 F- A
91" 10014 Meh'12
10412 Dec '11
9018 17 9874 9934 111Iw 871cc Ry & Lt cons g 561926 F-A
99 Sale 99
951;1
9413 -9514 9512 May'12
WW2 Refunding do exten 430_1931 J -J
8154 Sale 8112
8134 2:35 8012 8412
10418 Sale 10118
1041: SC 10314 105
Dec. 8 Option
prioe Friday; latest this week. d Due April. s Due May 8 Due July. k Due Aug. o Due Oct. p Duo Nov. q Due
Street Railway
Brooklyn Rap Tran g 58_1945 A-0
let refund cony gold 45_ _2002 3-J
' Ilk City 1st con 5s 1915-1941 J J
Bk Q Co & S con gu g 5s_1941 M-N
' 13klyn Q Co & S 1st 53_1941 J -J
' Bklyn Un El 1st g 4-58_1950 F-A
m
Stamped guar 4-58____ Is
•
Kings Co El 1st g 48
1949 F-A
Stamped guar 43
Nassau Elec guar gold 48_1951 J -J
Conn Ryde Llst &ref 5g 4(0_'51 j-J
1951 J -J
Stamped guar 4343
Det United 1st cons g 4 30_1932 J -J
S
Ft Smith Lt &Trac istg 55_1936
Grand Rapids Ry 1st g 5s 1916 J -D
Havana [flee consol g 5s__ _1952 F-A
Interboro-Metrop coil 454s1956 A-0
interboro Rap Trbs Ser A_1952 11-N
10114 1051: 10513 Aug'12
9213
91% Sale 9i12
---_ 1021, 10214 Aug'12
____ 99 983
431y '12
1
532
BONDS _,_
:4..4
N. Y. el'OCK ExCHANGE ,
Week Ending August 30.
.2,..0...
New York Bond Record—Continued—Page 2
Price
Friday
Ang.(st 30
Week's
Range or
Last Sale
Q.
r., ,1
." co
Range
Since
Jan. 1.
re,
BONDS
N. Y. STOCK EXCHANGE i.,.
Week Ending August 30.4.
4 4.
Price
Friday
AUfltiSt .10
Week's
Range or
Last Sate
Range
Since
Jan. 1.
—
Cln Ham & Dayton (Continued)
Bid
Ask Low
High No. Low High St P M & M (Contsnued)—
Lid
Ask Low
High No. Low High
.Cin D & I 1st gu g 5s__ _ _1941 51-N 10212 ____ 10212 Aug • i', .....- 10212 1041
Pacific Ext guar 45 £_,1940 J -J
-J212__
4
9258 Mehl].
C Find•dc Ft W Ist fru 4s g 1923 M-N
88 Mch'll __-_
B Minn Nor Div 1st g4s1918 A-0 0434 91
Al: J'ly '12
9612 9812
Cln I & W 1st gug 4s__1953 J -J
96 4 8312 S634 J'ly '12 — 8634 88 •
3.
751inn Union 1st g 6s___1922 J
1141: 114 J'ly '12
114 116• Day de Mich 1st cons 451s 1031 J J __ _ _
__ ___ ____ __
Mont (71st gu g 6s___1937 J -J__- ____ 127 May'12
-J 12534
127 12714
• Ind Dec da W 1st g •5s_ _ _ _1935 J -.1 104 - 16312 joit2rne
- -•12 __-_ 104 10412
Registered
1937 J -J 12412 ..__ 13614 May'06
1st guar gold 5s
1935 J .1
__
1071. Dec '02 --- .....,
1st guar gold 5s_1937 J-J 11034 1113., 11234 Sep '11
Cleve Cin C & St L gen 4s 1993 J -D :___ 91 934 Aug'.2 ---- 9118 9:11.
1
Registered
1937 J -J ------20-yr deb 4 !As .. _...._1931 J-J ._ _ 913 9134
4
Will & S F 1st gold 5s3938 J -D 112 ---- 11212 Sep--4258
5 9134 9331
_
'11
, Cairo Div 1st gold 4s
1939 J J
9S18 9412 9358 J'ne'12 ____ 935 943.._ Gulf dc S 1 1st ref de t g 5s_ _01952 .1-J
8
92 115 92 Aug',2
91I 95
• On W & M Div 1st g 43_1991 J -J ____ 90 90 J'ly '1: -- 90 93
Registered
01952 J -J ..... __ __
___
St L Div 1st col tr g 4s
1990 M-N 91
91
9214 91
2
7 931.- ri-ock Val 1st cons g 4 30_1999 J -J 1001- WI 100
8
2
100 103
lti014
Registered
1990 M-N 8812 1014 91 Oct '07 ----------- El Registered
1999 J -J
__ 10012Sep 508
Spr & Col Div 1st g 4s_....1940 51-S —_. —__ (10 Dec '11
Col & 11 V 1st ext g 4s
1948 A-0 -92 _—_ 9412 Dec '11
_
W W Val Div 1st g 4s
1940 J -J
Col de Toi
91 Apr
1955
45
1234 ____ 9613
9012 9614
CI St L & C consol 6s 1920 11-N ...... --_ 10534 Dec '12 -- 91 61 Haus Belt dc 1st ex 1st 5s 1937 F-A 9912 ____ Le Jan '12
'11
10613 ____
Term
J-J
Aug'12
9938 100 ,
1st gold 4s
k1938 Q-F 9613 98 97 Mch •12 __ 96 if
ilinols Central—
•
Registered
I.
k1936 (.4-F 9
,
98 96 fly '12 _ __ 95 95
gold 4s
1951 J-J 10158.-- 1021. May'12
10212 104
Cln 3 & Cl con 1st g 5s _192)3 J -J --------10718 J'iy '12 .-- 10713
Registered
1951 J -J ---. „.:. 100 - Sep '11
10713
C C C de 1 consol 7s
1914 J-1)
_105 105 J'ne'12 ---- 105 1051_
1st gold 3 3.53
1951 J -J
9118..-- 90 Apr '12
90 90
Consol sinkIng fund 78_1914 J -D
_
_
_
Registered
1951 J-J ---- --- 89 Aug'12
89 8912
General consol gold 63_1934 J -5 ____12112 iii12 Apr '12 .....- 1231212312
Extended 1st g 3 tis
1951 A-0 89 ___ 9312 May'0,
Registered
.
1934 J -J
123
Registered
1951 A-0 89
Ind 131 & W 1st pref 4s
1940 A-0 94 _--- 94 J'ly '08 -...---:
1st gold as sterling
1051 31-S -------- -80"J'Ii'59
0 Ind de W 1st pret 5s_d1938 Q-J
95 ____ ___
.__. ____ __ ___ _
Registered
1931 31-S . _ ---- _ _
Peo &'East 1st con 4s_1940 A-0 ........ 90!: 91 - J'ne'12 ---- 9012 92
Coll trust gold 45
1952 A-0 6812____
J'ly '12
97 2 foci
Income 4s
1990 Apr
40 45 4014 Aug'12 ..„ 35 467,
Registered
1952 A-0 ---953 0812 Aug '11
4
1017 J -J
Col Midland 1st g 4s
49 Sale 49
40
1st ref 4s
11/ 42 5812
1955 M-A1 93 Sale 9 t
9418 49 "Iii" 664
,
1929 F-A 04 4 9.) 95
Colorado & Sou 1st g 4s
3
95
4 9434 .975
Purchased lines 351s
1952 J-J ___ _.— 8614 Feb '12
8618 8614
Refund & ext 4 Sig
1935 ,11-N 9518 Sale 9318
9512 29 9518 9818
L NO & Tex gold 4s
1953 Si- N 951- ._ 90:1 Aug'!:
2
9534
2
Ft W & Den C 1st g 0s
1921 .1 -D __— 119 10914 Aug'12 ---- 10014 1121;
Registered
1053 31-N ___
(1434Jan '11
Conn & Pas Rivs 1st g 4s 19 13 A-0 ____ ___
_ __
Cairo Bridge gold 9s
1950 J -D 9412 ____ 94,8 J'ly '12
91473
"tiE"
Culba RR 1st 50-yr 5g
1952 J -J ---- __ iolzi- May'10
Litchfield Div 1st g 3s
1951 J-J
7312 7518 73.J'ne'12
1
7312 7311
el Lack & Western—
Loulsv Div & Terme 3501953 J-J
85 8512 86 -fly '12
8412 874
Morris & Essex 1st 7s...1914 I1-N 10418 1013 10112 Aug'12 --- 10-13 10(3
4
Registered
8
1953 J -J
8234 ____ 83 Aug'12
83 83
1st consol guar 7s
1915 .1 -1)
107 1071R Aug 11 ---- 10718 10918
14
Middle Div reg Is
1021 F-A — - — 123 May'99
Registered
1915 J -D 10(3
1113 Dec '10 ._-.
8
Omaha Div 1st g 33
1051 F-A
7518 Sale 7011
,318
7
"/6"
1st ref gu g 3 is
2000 J -D .—
St Louis Div & term g 38_1951 5-J
90 Mch•12 —.- 90 90
74 71
75123101'12
7812 751z
NY Lack & W 1st 6s
1921 J -J 112
.1121.J'iy '12 ---- 112 11414
Registered
1951 J -J
73 7518
Construction Is
1923 F-A 10532 10734 1073- May'12 ___ 10712 1073
4
Gold 3 385
1951 J-J
8512
4
-E1- -864
2
Term & Improve 4s.._ _1923 51-N 94
98 J'ly /12 ...._ 98 98
Registered
1051 J -J
8312 --_ 10118 Oct '06
---• Warren 1st ref gu g 3 )13_2000 F-A --------10213 Feb '03 __-Spring Div 1st g 3 As
-1951 J -J
81 —__ 100 Nov'00
---Del de Hud 1st Pa Div 7s__ _1917 M-S 11112 _— 11512 Aug'11 __. ____ ____
Registered
83 86
1951 J-J
Registered
1917 M-S
Western lines 1st g 4s.__ _1()51 F-A 94 561 91 J'ne - i
149 Aug'01 —. _ _ ____
-'
-l
2
-1;i110-yr cony deb 4s
1916 i-1) 9712 Sale 9712
Registered
98
32 9/12 99
1951 F-A 13 --------___
_
1st lien equip g 4 56s
--1922 J -J 10118 1,,..• 101
,
Bellev & Car 1st 6s
101
1 101 10134
1923 J-1) 11234._ 11712Ma y'10
1st & ref 48
1943 31-N 0814 Sale 9814
Carb ec Shaw 1st g 4s_
98; 1'7 gg gm.
1932 31-S 13 __-_ 911. J'ly '12
94 2 "tk>"
Alb & Sus cony 3 50__1946 A-0 9014 9,•. 91 Aug'/2 ---- 90 93
Chic St L & N 0 g 5s._
1951 J-D 111 11..1; i13311334 116
1,J'Iy '12
Bans de Saratoga 1st 7s_ _1921 1I-N 120 __ 12114 May'12 --- 12114 1211,
Registered
1051 J-D 111 ____ 114 Feb '11
Deny& It (Jr 14t con g 4s_193,3 J -J
87 90 853 Aug',2 ---- 84 91
Gold 3 318
4
1951 J-D —..
90 Oct '00
Consol gold 4 3• 3
2
1936 J -J ____ 97
Registered
9738 981,
9612 Aug'
12"
1051 J-D --- - -,,Improvement gold 5s
1928 J 0 '95 Sale 93 • 95
Mempli Div lst g 4s_ _1951 J-1) .U1 - _-__ _
4 94 991,
--621- Aug'1:
-611; - 12
612
1st de refunding 5s
1953 F-A 83 6.314 8314
8312
7 8314 90
Registered
1051 J -D __ ____ _
Rio Gr June 1st gu g 5s 1939 J -1) 10112._ ton. 1011,.•
St L Sou 1st gu g 45
1 10112 1011.
2
1931 31-S 93 — ski- J 11o;
.
Rio Gr So 1st gold 4s
1940 J -J _L.—
12 5it- Apr '11 _. ___ ____ Ind III & la 1st g 48
2
1950 J -.I
92 943- 94 AWL;
4
-613;"WGuaranteed
1940 J -J .._ --- 85 Mch'08 —
fat de Great Nor 1st g(3_
31919 11-N —10AI 10812 Aug'12
m •1081t
Rio (Jr West 1st g 4s......_1939 J -J 83 85 84
4
'I
gold
9512 105
1938 J -1)
9
8
Mtge e. col trust 45 A_ _1949 A-0 7712 79 80 J'ne'12 .___ 833I885; Iowa Central 1st 43 _ 5s 1951 31-S -ol- 65 9512 Aug'12
Refunding gold
78
_
6212 6612
6413
dal
Utah Cent Ist gu g 4s_al9f7 A-0 82 ---_ 97 Jan '0 ____ ___ 81
lamestown Franklla-- d;
Des Mo! Un !iv 1st g 5s
1917 M-N ----___ Ito Sep 0, .....
- -_---• ...3 Clearfield 1st 45
1959 J-D --------04 May'12
94 9412
Oct & Mack 1st lien g 4s
1995 J -D --- 05 92 Nov'll __ _ - --_-_, Kan Ne istio e 1st gold
ity eru
:
3s_ _1
II 72 74
Gold 4s
1995 J -D 91 ____ 91 Aug',2 ._ ._ 5,3Det 13.1v Tun Det TerTun 4 (is'61 M-N 9812 Sale 931.
Ref & impt Is
:i12
2 9812 10078
Apr 103(1 J-J .-_---. -9S14 9712
4 -671;16614
1)8
net T de 1-0 S Div 1st g 481941 M S „_.,...__ 75 - Feb '12 ____ 75 • 75
Kansas City 'Fermi 1st 45_1960 J -J
9718 98 08 Aug'12
9634 983
4
Dui Allssabe & Nor gen Is_ 1941 J -J 105 19.5.. 10334 J'ly '12
,
f eke Erie & W 1st g 53_1937 J -J ___10514 10712 Aug'12
10712 110.
. 10558 106
Dul & Iron Range 1st 5s. 1937 A-0 104 -___ 104 Aug'12 - — 101 107
1-1 s2d gold Is
1041 J -J 104 1011: 101 May'12
104 10414
'Registered
1937 A-0 103 ____ 10612 Men'08 ...„.
North Ohlo 1st gu g 55_1945 A-0 10414 1061: 10114 J'ne'12
19414 10512
• 2d Os
1915 J -J ____ ____ 104 Feb '11 __
Leh Vail N Y 1st gu g 43_l940 J -J 103 10478 1943 Aug',2
8
10435 100
Dul So Shore de Ati g 5s_
1937 J-,( __
_ _ 10512,1'1y '12 ._ 10512 108
Registered
11140 J-J ..--- ---- 10412 Marl:.
10415 104I2
VIgin Joi & East 1st g 5s 1941 31-N 110 Irv; 110
t10
4 110 1121, Lehigh Vail (Pa) eons g 43_2003 31-N __ 97 97
u7
97 0814
A44rie 1st consol gold 7s_ _1920 51-S 11514 117 117 Aug'12 ---5 Leh V Ter Ry 1st gu g 53....1941 A-0 11312 ____ 114 May 12
11614 118
11314 114
10110.1'ne'll
•N Y & Erie 1st ext g 4; 1047 31-N
Registered
1041 A-0
___ 11118 Dec '11
2d ext gold Is
1919 51- 5 --------- 10314" Men 1,2 _ _ . ija, iii ;1.- Leh V•Coal Co 1st gu g 5s 1933 J-J 110 10711
.
101312
1 2
-6J1.0612 A9g'12
•
3d ext gold 4 3 3s
1923 ,n.s totis
,
(
10212 Ntea.1.
Registered
10212 10234 1st Int
1933 J-J
•
4th ext gold Is
11120 A-0 -__ 10334 105 Feb '12 _
105 10514
reduced to 4s
1933 J - J - 5th ext gold 45
1928 J -I) 96 101 100 Jan '12 __
Leh & N Y 1st guar g 4s__,_ 1945 31-S tii --- "6:1- J'ne - :
100 100
941
___:
'
-- 1
9,3
NY L E de W 1st g fd 711_1920 11-S _ _1104 it53 J'ne'12 ......., 11531 11612
4
Registered
__ ___
_
1043 Si-S
Erie 1st con g 4s prior
1996 J-J 86 Sale 89
El C & N 1st pret Os
,3
(1 4 14 8812 90
)
1914 A-0
.
- -11- Feb '10
10 2
,
Registered
86 881
199(1 J -J
881. J'ne'12 ___
85
Gold guar 5s
1014 A-0 -------- 103 Meh'12
103 103
1st consoi gen lien g 48_1990 J -J
7718 Sale 7718
4712
i; 7718 7934 Long Island—
gistered
1990 J -J
1st consol gold 5s
- 77 Apr '12 ___ Re 77 77
10914 11034
81931 Q-J__
0914 Aug'12
Penn coil tr g 4s
1951 11-A 90 Sale 90
90
9 8813 91
1st consol gold 43
741031 Q-J _
9014 9614
---- -9614 151e11•12
50
-year cony 45 A_1933 A-0 8012 802 8714
8
8,14 16 855 914
'
General gold 43
01
9411
1088 J-D ..Is 6.1 9418 Aug'12
4...r - -14
Serles B
do
1953 A-0 7812 79
795 Aug'12 __
8
Ferry gold 4 58s
7514 807,
,
1932 .5%-S 1(612100
98 J'no'12
98 08
Buff N Y & Erie 1st 7s_1915 J -D .. _ _ 1091: 110 Apr '12 __ 10821 1I03,1
Gold.4s
9914 Oct '00
1932 J -D 01 97
Chic de Erie 1st gold 5s_1982 A-N 112 11234 1234 Aug'12 -- 112
Unified gold 4s
__ 9412 051.Jne'12
1949,5%-S
-66 - -661;
Clev & Mahon Vat g 58_ _1938 J -J 109 --_. 1.09 May'12 _- 109 114 1
Debenture goid Is
____
1934 J-D •_- 10311 10412 Dec '08
109 '
Registered
1938 Q - J 107
Guar rel gold 4s
1949 31-S....... 93 951. Aug'12
93 -6f12
Long Dock consol g 65_ ._1933 A-0 123 -- 12412 MaY1.2 :-..... 12334 1241,
,
Reglstered
1049 31-S
__ 95 - Jan '11
Coat & RR 1st cur gu 68.1922 ,11-N 10738 1071: 0138 Aug'1., ---- 105
N 'V B & It 131st con g 5s iu35 A-0 10412 _ . 11014 Nov'00
Dock & Imp 1st cur 68_1913 J -J 10914 —.._ 10134 Mch '12 ...... 10134 1073,
N Y &1t 13 1st g 5s
1927 21-S 103 10334 101 J'iy '12
1013
111312 104
N Y & Green L gu g 55.._1946 31-N 113312105 1051. Aug '12 ---. 10312 105 4
Nor Sh B 1st con g gti 5s.01932 Q-J 10412 ___ 1(15 Aug.,:
105 10714
N Y Sus & W 1st ref 5s1937 J -J 103 10312 103 - J'ly '12 --- 103 105
Louisiana de Ark 1st g 5__.,1U27 NI-S 92 94 91
94
9314 9412
19311 -A 8212._ 10014 Dec '06
,
2d gold 4 q5
_
uoulsville & Nashville—
1944.1 F-A 87 ____ 87 Aug'12 ___
General gold 5s
General gold 6s
if- "id
1030 J-D 113 115 11378
11378
3 11212 11712
Terminal 1st gold 5,1_1943 31-N l0812 ___ Ili) J'ne'12 __. 110 110 Gold 5s
1937 31-N 11112 11214 11218 Aug'12
11112 112
Mid ot N J 1st ext 58.....1940 A -0 ___ ____ 11112 Mav'12 __. 11l121111
Unified gold 43
1940 J-J
9712 973 973
4
8
973
4 29 9718 9952
• Wilk & Ea 1st gu g 5s
1942 J -D
9912 Aug ',2 ____ 9912 1021 :
Registered
.
97 9814 9818 J'ly '12
1940 J -J
•
9818 9832
Ev & Ind 1st con gu g 6s
1926 J -J 10918 ...... 106 MaY12 __-_ 106 106
Collateral trust gold 5s1931 M-N 10712 100- 8 110 Apr '12
'
10834 1104
Evans &T H 1st cons 6_192t J • J 11078 112 112 J'ly •12 ...... 11112 112;
E It & Nash 1st g 6s
1919 JD 11012 11118 11032 Aug'12
11012 1113
4
1st general gold Is
1942 A-0 ___ 102 102 J'ne•I2 ____ 101700A
L Cln & Lex gold 4 hs
1931 N1-N 103 ....... 1043 May'12
4
10418 105
Mt Vernon 1st goad 6s
1923 A-0 1073- —.. 1.08 Nov'll
4
NO &'M 1st gold 6s......_1939 J-J 11912 1201: 12038 Aug'12
121)1,1 121
• Sull Co Branch 1st g 5s_1939 A-0
95 J'ne'12 ..... 95 95
N 0 & M 2d gold 6s
1930 J-J ..—
11712Jan '12
11712 11713
Viorida E Coast 1st 4 (4s_ _1959 J -D • - - - 111134
963
9631
Paducah & Stem div 4s 1946 F-A
790 995
9314 9117 9314
)
9314
9314 96
-5 ort St 11 D Co 1st g 4 115_1941 J -J -------- 332 Anglo
.
_
_
_
Pensacola Div gold 6
1920 ,11-3 10534 10314
Meh'll
Ft W h Rio (Jr 1st g 4s.. _1928 J -J ___ 771: 16 Aug L. .--- iii" lift
St Louis Div •1st gold 63_1921 M-S 11112 112 10534 fly
iii1; 113
11212
'
f:i_al H de H ot 1882 1st '&8_1913 A-0 991- __ 9./12 AUg 12 .--- 9911:09:
12
2
2d gold as
1080 31-S 6198 72' 0914
otos 6034
,
'12
%-xreat Nortnern—
Atl Knox de Cin Div 4s 1955 111-N 92 Sale 92 J'119214
— is") 92 93
C 13 & Q coil trust 48
1921 J -J
9614 189 96 98
9818 Sale 96
AU Knox do Nor 1st g 53_1946 J ,-D 11112 11.3
5/
11212 11212
Registered_h
11212 11,18V12
1921 Q- J
93 90 96 J'ly' ---, 90 983
Bender Bdfre 1st s f g 6s_1931 NI-S 105 ____ 106 Apr '11
12
/
1st & refund 4 54s ser A I95 i J J 100 1001: 10034
10038
5 10018 10151
Kentucky Cent gold 4s 1987 J -J
9214
11214
9214
-girt - '66
Registered
39111
L & N de IA & St 1st g 4 301945 51-S 10458 Sale
6
,
10414 104 1
-___ 10158 J'iy '12
St Paul M de Man 45
1933 - -J .1 9612 98I4 41 Aug'12 .... ii 463:
L dc N-South M joint 9s_ _19.52 J -J
.
_ 8878 90
8912 ...... 90 Aug'1::
1st consol gold 6s
1933 J -J 12312
.1213 J'ly '12
4
12434 125;
Registered
81952 Q-J ____
95 Feb '05
Registered
.
9.
132 Apr '00
13 1 J -J ____
N Fla & S 1st gu g 3s_ _ _1937 P-A
'12 27_ kid
Reduced to gold 4 1151933 J -J ____ 1041, (1)358 Aug'12 __. 1.038 itigl:
N & C Bdge gen gu g 4 ;is 1945 J-J 10114 10814 109 fly
. ___ _ _
Registered
1933 J -J 10212 ___ _ 1083 J'ne'09
4
' Pens & AU :1st gu g 6s___1921 F-A 11012 ___
112 112
Mcii,T2
Mont ext 1st gold 48_1937 J D 9612 9714 9612
9612
4 951 -981:
2
S & N Ala con gu g 5s___1936 F-A __ 11058 i12- J'ly
1111g
10918
R Pcrinterpri
'
12
1037 1 11
4as J'ne'I I
L & Jeff Bdge Co cue 4s_ toes m-54
9114 9114
911, Men'12
g1;14
D
8334 3 2
.E1-
8537
2:), 1 8 -_---..2' 61 oct.12 0
:
7 '
0
MISCELLANEOUS BONDS
--Continued on Next Page.
Street Railway
Minneap St 1st cons g
j-J
New Orl Ry & Lt gen 4 318_1933 J - J
N Y ltys 1st
E & ref 45 temp J -J
Temporary ad1 ine 55------ - A-0
Portland By 1st dc ref 5s___1930 M- N
Portland Gen Elec 1st 55 _1935 J J
St Jos Ity. L. H & P lstg 55 1)37 31- N
St Paul City Cab cons g
J -J
Third Ave 1st ref is etfs
Ad1 Inc Is Interim etts
Tr -City By & Lt 1st s f 55_1923 A-0
Underground of London 38_1929 51-N
4 315
1933 J -J
Income lis
Union Elec (Chic) 1st g 58_1945 ;#J-0
148
United Rys Inv 1st lien col'
trust Is Pitts issue
1926 11-N
Street Railways,
102 1021, 102 Aug'12
United Rys St L 1st g 4s,.__1934
10112 102
7712fly '12
7612 80
J-J
83 8712 8714 J'ly '12
St Louis Transit go 5s_1924 A-0 "Z ARii 113
8412 8812
83
9 83 85
.
7818 Sale 7778
785
8 39 7734 8153 United RRs San Fr s t 4s_1927
A-0 6352 sate 6512 '0534 32 6412 70
57 . 509 5112 59/4 Va By & Pwr 1st& ref 5s_19
5538 Sale 5518
9012
9612
9012.-2 96 '9712
34
99 Feb '12
10034 -89 99
Oas and Electric Light
96 _- -6/1Atlanta G L Co 1st g Is _1947
104 --100 Aug 1.2
106
13klyn U Gas 1st con g 55_1945 11-N 107 Sale
10514 11315
M/ 10 100 16 ;
.
/
7
8212 70 8134 86
813 §ale 8134
4
13ultalo Gas 1st g 55
1947 A-0 65 07 8 05
,
65
I 60 63 8
5
713 sale 713
4
15 7034 8014 Columbus Gas 1st g Is
4
72
1932 J -J
94
9834 15 9758 99
9812 9808 986
8
Detroit City Gas g Is
4
1923 J -J 10312 10132 7663 Aug - 2
-'
- 17
1661; 10114
98 Apr '09
Det Gas Co con 1st g 5s
1918 F - A
9558 Sep '08
6 "ig" 661 Oct Edison 1st coil tr 5s
2
-6.;1- 96
9512
0512
4
1933 -J icifij fed- 10158
19158
10134
8712 14 7412 90
8712
Eq GLNY 1st con g 5s_1932 11 S _ 10012 10012
Aug'12
4
1053 10612
_ 84 Oct '08
- Gas & Elm, Berg Co cg 55_ _1949 J-1) 103 .._... 6112 Oct '01
(Jr Rap G L Co 1st g 5s
1915 F A 99 100 11)0 Oct '09
8212 8512 8412 J'ly '12
8334 8612 !Judson Co Gas 1st (r 35
1949 11-N 103%10514 10518.1'1y '12
,
19411 1061
0
Kan City(Mo)Gas 1st g 58_1922 A-0 9713 1181,, 0034Jan '12
. Price FrlanY1'la:est b1.1 and asgal t513 wee,:e. a Due Jan. trDue Feb. d Due AprIl.
-110
,
h Due July. 6 Due Aug. 0 Due Oct. s Option sale.
AUG. 31
101
BONDS
K. Y. STOCK EXCHANGE
Week Ending August 30.
r. 3
03.
New York Bond Record—Continued—Page 3
Price
Friday
A was: 30
Range
Since
Jan. 1 ,
Week's
Range or
Lost Salt
st
P
BONDS
. Y. STOCK EXCHANGE 4
.t 3.
Week Ending August 30.
Przee
Pricing
August .J0
Rave
Sines •
Jan. 1,
Week':
Range or
Last Sale
High No, LOW High'
Ask Low
isid
'1I" C ee HR—tcon)—
High No Low High
Bid
Ask Low
7 9912 101
3
90 .,
West Shore 1st 48 guar236I J-J ___ 10., ,(912
M-N
1 97 9813
4
4
973
9734 Sale 973
2361 J -J
%/ranila BR—Sou lines 45_1936
Registered
2512 Apr '09
10012.Tly '11
ealoan Cent Ina g 3s tr rects
N Y Cent Lines eq tr 4548 1923 J -J ____
1917
Equip & coil g 55
Y New Haven & Rant—
17 Mch'lO
M-S
9113 92 .
92
1955 J -J 92 Sale 9134
1111ex Internet 1st con g 4s.._1977 M- S
Non-cony deben 4s
79 Nov'10
1977
91 93131
Stamped guaranteed.
1951 ifl-N 9112 ui•, 9112Aug'12
Non-cony 4s
129 129
1927 J -D 119 12912 129 Feb '12
90 9458
90I___ 91 Aug'I:
Minn & St L 1st gold 7s
Cony debenture 3 54s__195c J -J
11
11013
12 14 it 128 13212
Pacific Eat let gold 63.....1921 A-0 idr 1E14 .02 Aug'12
194r J -J 12814 1283 1.2814
Cony debenture 6s
101 105
Aug
1934 M- N
99 9913
1st consol gold 55
Harlem Ft-Pt Ohms 1st 4s_1954 SI-N 09 9933 99 Aug •1'..
60 6973
1949 M- S 63 66 64 Aug
9912 9912
1st and refund gold 45
B do N Y Aix Line 1st 481955 F-A __ ____ 991,J'ne'lL
81
77
7714J'iy '12
921,
9114 0353i
9212Sale 9114
Des M & Ft 0 1st gu Is _193.) J-J -- 8212 96 Aug '12
45_1061 J -J
Cent New Eng 1st gu
96 9734
0612
M StP&SSM con g 4s int gu.1938 J -J
Housatonic ft cons g 53_ _1937 .31-8 115 „.... 115 Aug'11 31 114 115
9714 971,
98 10014
1:976
2
4
let Chic Terml s f 4s___ _1041 M-N 901- 9712 9714 J'ne'12
N YW'ehes dcBlst ser I 4543'4c 1 -J
9fas Sale 093
9614 9614
9614 May'12
,
MSSM&A ist g 4s Intgu 1926 J-1 9612
N H & Derby eons cy 53_1918 .11-N ___ ____ 107 Aug'0..
. 9812 Mch'11
Mississippi Central 1st 53_1949 J -J
- —
New England cons 5s
1945 J-J 115____
"
i -647 97
D 95 Sale 045895
9912 100
310 Kan & TexasIst gold 4s1990
3
'
905 ____ 9912 Mei4 12
1945 J - J
Como' 45
80 841,3
3
80 4
84 84
,1990 F- A 8034 Sale 80 4
6
2d goicl 4s
. 84 J'ly 'L.
Providence Secur deb 45_195: M-N ____
100 10212
10.) 100 Aug'12
1944• N
92 96
92
1st ext gold 55
Y 0 do W ref 1st g 4s_ _01992 .01-S92 Sale 92
7712 8112
1712
9213 9213
2004• S 7712 Sale 7712
9212 rne'11
1st de refund 4s
Registered $5.000 only..g1992 M-S __
67 8512 8914
87
8612
8012 8/
8958 8958
Gen sinking fund 4 as... 193(1 J -J
914 8058 Feb '12
195r J -D
General 4s
78 78
78 fly 12
99 10013
100
St Louis Div 1st ref g 4s..2001 A-0 _ 78
,
orfolk Sou 1st & ref A 5s 1061 I- - A 0813 mg, 11(1
3
10533 105 8
12
10212102 4
1940 M-N 1054 ____ 10533 Steil
3
3
' Dal & Wa lst gu g 55
orf & South 1st gold 5s 1941 /11-N 10338 ---- 102 4 Apr '12
9012 91
12333 12513
• Kan 0 de Pao let g 45___ .1990 F-A 88 .._ 01 J'ne•12
orf & West gen gold 83_1931 31-N 12113 ___ 12513 J'iy '12
108 110
124 12638
, Mo K & E 1st gu g 58_1942 A-0 10712 1081: 108 J'ly '12
Improvement (lc ext g 63_1934 F-A 124 1255, 12412 May'12
10514 10712
J'ly '12
3
124 124
1942 M-N __ 10414 103 4
121 May'12
, M K & Ok 1st guar 53
1932 A-0
New River 1st gold 6s
101 104
Aug'12
10314
9612 9978
.:.
• M K & T of T 1st gli g 53_1942 M-S 101 102 101 Feb '12
N & W Ry let cons g 4s....1990 A-0 9631 -9/33 07 Aug'
10334 1,,3,
8
98 Jan '11
_ __
Sher Sh & So 1st gu g 5s 1043 J-1) ____ 10514 1037 Mch•12
199. A-0
Registered
10378 10614
10378
61
-171371 Texas & Okla 1st go g 55 1943• S
9214
Div'l
list 1 & gen g 4s 1944 J -J ___ 921. 9214
10 10172 10 18
1 sale
3
N
10712113
Ls
1932 J -I) 117 llsi 11658 AugMissouri Pao 1st cons g 63_1920 M- S iciSa". Sale 10534 105 4 11 98 4 1003
10-25
-year cony 4s
9434
3
4
09
108 117
4
- _, ___ _ 1163 Aug'i••
Trust gold 5s stamped__a191 7• S 99 __97 May'12
10-20-yr cony 4s full pd
97 07
97
•
9078 91
al017
011F
rct907g Sale 0078
Registered
Pocah C & C joint 4s_ _1941 .I 9634 10034
4
903
4
074 003
10(13410038
CC & T 1st guar gold 53.1922 J-J 10614 __._ 10638310'12
lit collateral gold 5s____192. F-A
1920 F-A
05 0812
34612
Solo V & N E 1st gu g 44_1981. M-N 9612 ._.__ _ 9612
Registered
4
71
-fir -iE12
319l) M- S 7034 -717 4 -115143 973410034
98
9712 Sale 0738
-year gold loan 45
40
orthern l'ac prior I g 4s 1997 Q-J
9612 May'll
_ 92
8
9814 9912
0
• 3d 7s extended at 47 _193 • N
1997 Q-J ...--. 0814 J'ne'12
Registeren
14 81 895
85
1959• S 85 Sale 8434
4 6812 7018
681,
3
let As ref cony 53
General lien gold 3s____a2047 (4-F 6812 68 4 6812
92 92
___. 92 Aug'12 68 68
• Cent Br Ely 1st gu g 43_1015 F - A 92 80 81 May'12
a2047(4-F 68 __ 68 -.Ply '12
Registered
81 81
1948 J-D --96 9612
• Cent Br U P 1st g 4s
St Paul-Duluth Div g 43_1996 J-0 9S1____ 96 J'ly '12
98 10112 110 Mch'05
100 100
,
• Leroy dc0 V A L 1st g 59_192:3 J -J
Dul Short L lit go 5s___1916 M-S 10012 _--- 100 J'11 'II93 0412 J'ly '12
94 2 '1)1
11434 11513
Pao R of Mo 1st ext g 48_1938 P- A
11434 110 i1434 Aug'1:
St P de N P gen gold 6s__1923 F-A
1938 J -J fa;105 10812
2d extended gold 5s
Registered certificates_1923 Q-F 11438_, 11534 Aug '11
3 10212 10637
104
itif"iof
BtL Ir M&S gen con g 5s_193I A-0 10312 104 104
St Paul de Duluth 1st 55_1931 F-A 10314 ____ 107 Jan 12
Ill Sep '09
Gen con stamp gu g 55_1031 A-0
2c1 5s..
1917 A-0 10258 ____ 11.1234J'ne 11
;
if
" 5 82
79
7812
78 80
9234 "cii
ref gold 4s_1020 J -J
Unified &
4
1968 J -I) 913 ____ 94 J'nel....
1st consol gold 45
78 80
80 Mch'12
1929 J-1
Registered
•
1948 9-M 8934 --.. 0113 Apr '11
Wash Cent lit gold 43
8213 84
111 11134
,
Rh & G Div 1st g 4s...193 11-N --_- 8338 8313 Aug'12
Ill Aug•i2
or Pao Term Co 1st g 6s 1933 J-J 11113..—
100 10212Jan '10
Verdi V I & W 1st g 5s 1926•S
8912 Sale 8912
5 22 8912 9234
003
119 12) 0regOn-Wash 1st & ref 46 .1901 J-J
1927 J-1) 11518 11834 110 rly '12
10312 104
1101) & Ohio new gold 6s
Pacific Coast Co 1st g 56 1946 J-D 10212 lel% 104 J'ne'12
11534 11534
. 11534 Feb '1100 102
1St extension gold Os,,,. h1927 Q- J 11412
Aug',:,
enna RR 1st real est g4e_1923 M-N 10014 10012 100
85 8734
1938• S 8573 8/12 85 J'ly '12
General gold 4s
108 110
110 Men•12
1919 61-S
Consol gold 55
10734 1103
10112 104
1047 F- A 10713 10812 10814 Aug'12
Montgom Div 1st g 53
1943 M-N 101: 1023 10112 Aug'IL
Consol gold 4s
,
82 835
8
835
8
9913 10013
St I. & Cairo coil g 4s___e1930 (4-F 8358 Sale 835
1,94,
Convertible gold 3 54s_1912 li-N 9978 10018 9978
93 9312 Mch •11
0718 172 9634 9773
Guaranteed gold 4s,_1931 J -J
Convertible gold 3 hs_ _01915 JD 9678 Sale 0678
10214 jai"
97 9712
MashV Ch dc St L 1st 78 1931 J -J 10214 10314 10214 Aug 12
o1915 J-D 96 ,_,.. 97 J'ly '12
Registered
10938 10934
4
1093 J'ly '11
• 11 1st consol gold 53
10212 10418
1028 A-0 10912
i03
1948 MN 10212 Sale 10212
Consol gold 4s
9933 10013
Jasper Branch 1st g 65_1923 J-J 0113 ___ 11573 Nov•10
Alleg Val gen guar g 4s..1942 M-S ___ lou,,, 10018 Aug'12
4
- /
1
1073 10. 4
4
1073 Mch'12
MoM M W & Al 1st 83_1917 J-J
D R R R & Bge 1st gu 4130936 P-A ---- ,-- --,113 J'ly '04
-7,,
T & P Branch 1st 63__ _1017 J-J
,
Phila Balt & W 1st g 4s 1943 51- N 98 101 - 99 - rly •i2 -_:-_-_ -1W 1021;
80 - :
017
9014
90 1,014 90
Nat Itys of Mex pr lien 4 3's.1957 J -J
Sod Bay dc Sou 1st g 55_1924 J -J __ ____ 102 Jan '0.1
80
80 8612
' Guaranteed general 4s_ 1077 A-0 80 Sale 80 Mch'12
--,
2
Sunbury & Lewis 1st g 4s 1936 J -J 931- ---99 100
loo 99
2
itii" 1011Nat of Mex prior lien 4 ;53_1920 J -J
U NJ RR & Can gen 481944 M-S ___ iiii12May'i
7712 11 7712 80
7712
cw.a,
4
,0253 104
1051 A-0 7712 80
let consol 45
1921 J -J 1024 toil, 1023
enna Co guar 1st g4 34s
8812 95
8914 89 Aug'12
,02 103
N 0 Mob &C hie 1st ref 58 1960 J-J
1921 J - J 10214 ___ ,02 Aug'12
Registered
8812 8914
'NO & NB prior lien g 55_p1015 A-0 idi 106
Guar 3345 coil trust leg,,,,1937 11-S 8912 ---- 8914 Apr '12
-877 -8112
3
-7
78
8612 8733 -g.88 89
89
1New Orleans Term 1st 43_1953 J -J
,
Guar 3 3is coil trust ser 13.1041 F-A 89 __ 89
8614 3, 8512 881,
8614 Sale 8618
9753 J'ly '12
9712 9814
5I-N 97
& H B g 3 As_1997 J-J
N Y Central
Trust Co certfs gu g 3 hs..1916
86
10 88 8714
86 Sale 86
109", J-J
88 8814
,
1942 J -D 136 8.8( 88 Mch'12
Registered
Guar 334* trust ctfs C
9214 9614
Aug'12
8734 8734
1931 .11-N 9214 'so 9:31,1
1944 J -1) ,_ __ 8,1,1 8734Jan '12
Debenture gold 45
Guar 3 hs trust ctfs D
03 93
9:3 May'12
06 9812
.;
06,
19L4 11-N
5 9604
0
Registered
1931 AGuar 15-25 year g 4s
8012 32 8014 85
___
Lake Shore coil g 3;is_ 190. F-A 8014 Sale 8014
Cln Lob & Nor gu 4s g,, 1942 M-N -------- 0612 Dec '11
78 84
4
43 73 Aug'12
78
1098 FRegistered
Cl de Mar 1st gu g 4 30_1935 ,11-N 10212 103 110 Jan '05
'12
7933 J
7818 821:
7714 79
10734 Dec '11
Mich Cent colt gold 3 345_1998 F-A
Cl & P gen gu g 4 ha ser A 1942 J-J
e
773 791.
1998 F-A 7734 __ 7833 J'ly '12
Registered
' Series II
0 -------- 10334J'iy '09
1942 A:
9913 90)
9913 J'ne'12
9114 9114
Beech Creek 1st gu g 45._1936 J -J
A-0 105 ___ 9114 Feb '12
Int reduced to 334s_1942
07 ____ 99 May'll
1930 J-J
9114 9114
Registered
1948 81-N 91113 9114 9114 May'12
Series C 354e
193(1 J-4 107
- -2d guar gold 58
ti018 9'_.k 00 May'08
1950 F-A
Series D 3 3is
1936 J -J
Registered
-9112 9112
_
____ __ _ 911, May'12
Erie & Pitts gu g 354s 13_1940 J -J
9018 9018
Beech Cr Ext 1st g 3 hs_b1951 A-0
1940 J - J _ ____ 9013 Ply '12
Series C
•
;95
A1)1
104 105
' Cart & Ad 1st gu g 43_1981 J-1) "66" "_
8
Grit & I ex 1st gu g 4 hs_1941 J - J 1027 104 104 Aug'12
100 10114
Gouv & Oswe 1st gu g 53_1942 J -D 108
Pitts Ft W & C 1st 7s
1912 J -J ___ ___ 100 May'12
8
_
sid '&11 m011'11
21oh & Mal 1st gu g 43_1091 M-S
1912 J -J ___ ___ 10378Feb '11
2d 7s
Oct '02
N J Juno R guar 1st 4s_198, F-A 96 100 105
0 __ ____ 101 Dec 11
3d 76
h1912 A1986 F-A
Registered
109 May'101
Pitts Y & Ash 1st con 5s_1927 MN
*8813 ___. 89 May'12
8858 89
i614 Mils I
N Y & Harlem g 3 34s. 2w) M-N
Tol W V & 0 gu 434s A__1931 J -J 1017*::__ 102/8 J'ne 'L.1
_
2000 111-N
,•
Registered
1933 J - J 101___ 100 J'ly '10
Series 13 4348
15
5
1 2
07 10 - Au .
100 . 517 Oc '1
—
_
NY do Northern 1st g 53_1927 A-0
____
1942 M'S 9513
Series C 43
—A-0
4 .
1081" 10634
N Y & Pu 1st cons gu g 431993
0 10:134 104 10414 rig 'Is
P C C & St L gU 4 hs A 1940 A0.114 107
Nor & Mont 1st gu g 53_1916 A-0
0 10334 106 10434 J'ly '12
1942 ASeries 11 guar
-•
Pine Creek reg guar 8s_1932 J -D 12034 -_-_-_-_ 131(7 Jan'09
106 J'ne'll
1942 MN
Series C guar
10034
10034 1073
.)
10614
10634
97 99
W & 0 con 1st cat 58_81922 A-0
39 971- J'ne'L.
1945 Ni-N 9712 (
Series D 45 guar
101 101
10512 101 Mch'12
9318 9312,
Otrwe & 14 2d gu g 55_....e1915 F-A
9312 Feb '12
F-A 0478
Series H 3 hs guar g_ _ _1949
0814 s eh 0
104 Jin012
97 97
W &OTR 1st gu g 55_1918 M-N
1953 J-D 96 __ 97 J'IY '12
Series F gu 4s g
1
9613
72
9 -6g107 99
Rutland 1st con g 4 45_1941 J-J
1957 M-N 96 ___ 97 J'ly '12
Serles G 43 guar
84 86
8412 Of 8458 J'ly
—
Og&LCham 1st gu 4s g 1948 J -J
___ 11312 Noy'll
C St L & P 1st con g 5s1932 A-0 110
-02 J'ne'09
_
Rut-Canad 151 gu g 48_1949 J•Al
1921 Q-F 10812___ 109 May'il
eo & Pek Un lit g 6s
J'ne'09
115
St Lawr & Adlr 1st g 5E1_1996 J -J
2d gold 4;0
61921 51-10 01 92 9312 Jan '11
ifil; Hits
__ 11012 Mch'12
1990 A-0 116
69.
- 7 14 8034
2d gold 68
3
ere Marquette—Ref 45___1955 J-J ___ 60 4 Apr '12
100 997 Nov'11
8
,
5238 54Utica & 111k Illy gu g 43_1922 J -J
5233 Aug'.2
54
51
1955 J -J
Refunding guar 45
87(2 8073
88 Aug'12
1997 J-D 83 SO
9958 99%.
Lake Shore gold 3 hs
____ 9958Feb '12
1021 J -D
Ch & W Al 5s
8732
,14 J'Iy:
„3
2
12
8714 883
4
1907 J-D 863
4
8
108 , 1083
Registered
May'12
1920 A-0 ----10834
Flint & P hi g 6s
40 0213 941.
1928 M-S 9212 Sale
9031 100
Debenture gold 43
,
1939 M-N 9634 __ 96 4 J'iy '12
1st consol gold 5s
9233 74 9178 937;
1031 M-N 92 Sale 9173
9712 9712
-veer gold 48
25
Pt Huron Div lit g 58_1930 A-0 0613 9712 9712 May'12
9258 9312
9238 Apr '12
1931 M-N
Registered
-- - ___
_ I. Sag Tus & H 1st gu g 43_1931 F-A ____ ____ ___ May'12
8414 86'
Ka A & (110 Ist gu 53.1938 J hillppine lty 1st 30-yr 5 f 45_'37 J-J __ 861; 86
llll2Mch'iI
110
113 11814
Mahon C't RR let 5s1934 J -J 10114
1040 A-0 110 ____ Ile J'iy '12
itts Sh SS L E 1st g 5s
,
0 A pr 0
0
13518 J a n :12
iOS"fog
Pitts & L Erie 2d g Ss a192$ A-0 25
___ 11314 Nuy'll
1943 J -J
1st consol gold 55
63_1932 J-J
Pitts MeK & Y 1st gu
932 9834
1997 J-J
4
- ale 96 3
5
1j63
ceding Co gen g 4s
12314 12314
1934 J -J 121 ____ 12314 Mch'12
9638 9814.
2d guaranteed 63
1997 J-J ------- 9638.7'1y '12
-t' Registered
9112 9812
McKee,s & B V 1st g 63_1918 J -J
1951 A-0 .. _ 9512 9612 Aulri2
Jersey Cent coil g 4s
8111 111 Jaft7•Ii
-Hi- Hi
M-S 1085
1931
Michigan Central 55
1951 J -J
tii — — — -- --Atlan City gu 48 g
119 J'ne'06
1931 QM *107
86 S9I
Registered
87 90 8712 fly.'12
1947 J-J
.1t Jo & Gr 151 1st g 4s
98 Apr '12
98 98
1940 J-J
45
11834 11958
3t L & San Fran gong 0_1931 J-J 118121201; 11834 May'12
9812 Nov'1 1
10312 10812
1940 J-J
Registered
1931 J-J____ 10712 108 Aug'11
General gold 58
90 J'ne'08
J L & S lst gold 3 hs.._1051 M-S
8112 8814
45_1996 J-1 __ ___ 8412 Aug'12
St L & S F Hit cons g
'12
4
.8012 "tid3
8612 Mch'12
__
1st gold 3 hs
1052 M-N
t4
Sale 8312
E312 8812
1927 hi-N 84 '
Gen 15-20 yr Si
8812 11 8812 92
8812 8912 8813
-year debenture 45. _1920 A-0
20
,1;
Southw Div 1st g 53_1947 A-0 9914 9. 100 Oct '11
99
6 9914 10034
9834 9812
7714 8134'
N Y Chic &St L 1st g 45_1937 A-0
7,7,8f
7812Sale 7812
1951 J -J
Refunding g 45
09 9934
)!2!
. -gfiy;
Registered__
.....1937 4-0 ..1
803/ Pdeh'ii
1951 J-1
:112o
Porriatprerl
89 91
Debenture 43
1931 M-N
MISCELLANEOUS BONDS—Continued on Next Page.
-
--;
---5
• -
•
-
AI?h
8 3
14 J
Gas and Electric Light
10414 1051; Peo Gas & C 1st con g 6s—_1943 A-0
1947
Refunding gold 55
11512 117
1947 61- S
Registered
-Ch G-L & Clce 1st gu g 55_1937 J-J
Con G Coot Ch 1st gu g 53 1936 J-I)
log
•N
Ind Nat Gas & 011 30-yr 5s '36
10334 102
•N
Mu Fuel Gas 1st gu g 58 1947
5F
3
897 90
1947• N
Registered
10614 10614
1919 F- A
10238 10414 Philadelphia Co cony 5s
8814 891; Stan Gas& Elea cony st 6,3-1926 J-D
112131131(1 Syracuse Lighting 1st g 5s_1951 J-D
1954 J -J
102 10212 Syracuse L & P 58
1949 M-S
_- Trenton G dc E 1st g 513
_
Union Elec L & P 1st g 55_1932 M-S
1933 /11,-N
Ret & ext 5s
3
9534 21 94 06 8
:
9514 951 0512
1950 JI
UtIca El L & P 1st g 5s
1957 J-4
Utica Gas & E ref 55
#'1312
9312 05
95 J'iy '12
1950 J-D
,
1023 Westchester Lignt'g g 5s
_ _ _ _ 1028,J'iy '11
,
10238
1121,
June. 8 Duo July. 0 Due
!
„ No Price Friday; latest bid and asked. a Duo Jan. 0 Due Fob. 0 Due May. g Due
Gas and Electric Light
„
,7
Kings Co El L & P C 5s____ 1937 A-0
A-0
Purchase money 6s
'
1922
s
Convertible deb es
Ed El II Bkn 1st con g 45_1939 j-J
1,19
,Lac Gas L of St L 1st g 5se1934 Q- F
55
A-0
Ref and ext 1st g
1927 M-N
'Milwaukee Gas L 1st 43
1948 J -D
Newark Con Gas g 55
53-1948 J -D
'NYGIELH&Pg
1049 F- A
Purchase money g 4s
Ed El Ill 1st cons g 55_1995 J-J
F-A
NY& Q El L&P 1st cong 5s-1930 ;31-N
tzV & Rich Gas 1st g 55_1921
Pacific G & El Co Cal G do E
Corp unifying & ref 55_1937 3.1-N
Pac Pow ge Lt 1st & ref 20-yr
1930 -A
55 Internet Serie
•S
1940
& E 5s
Pat & Passaic
O
__ 105 10414 Aug'11
„ 1173 11531 Aug'12
4
- 11818 Dec '11 —
8812 Dec '11 ---_
170238 10234 10233 Aug= --_
10112 102 102 Aug'11
0012 911s 0013.13y '11 ---10538 _ 10614 Apr '12
10338 13
10338 Sale 10314
881,
1
88 83 8812
11318 Mch'12 —_
1011- 10213 Mch'12
2.
---- -- 9212 J'ly '09
11612 117 117 J'ly '12
8
10 114
10112 Sale 1013
103 Feb '09
4
1613 103 10272 J'ly '12
10112 10114 103 J'ly
89 93 Mch'12
10114 Aug'
10133 _
_ 109 1.69
10012
id4 10012 10012
101 Dec '11
012 10
8512 J'ne'12
109 Feb '01
10012
tom: _ _ _ _ 10.02
9634 — - 97 J'ly 'l
103 _ _ _
'li
4
11811- De93too
105 Aug'12
11614 11712
30 10118 10211I
10212 Mit;
10112 103
93 93,
10058 10114
iof,
100 101
8613 86
6 10012101 I
9612 Kos
10433 icit734
Oct. p Due Nov. s Option sale.
534
New York Bond Record—Concluded—Page 4
I
BONDS
t
EXCHANGE
T.
ki. WeekSTOCK August 30. ..,1
E
Ending
a.
Price
Friday
August 30
Week's
Range or
Last Bali
,
g
E t53
44
Range
Since
Jan. 1.
N.
t 14
BONDS
Y. STOCK EXCHANGE 1
Week Ending August 30.
...a.
Lxxxxv.
Price
' Week'
Friday
Range or
August 30
Last Sale
Range
Since
Jan. 1.
-Bid
Ask Low
High No. Low High
10614 107 107
107
1 10412 1077
8
9912 Sale 9912
9958 li, 06 10012
---- ---_ 90 J'ne'12 ....-- 90 100
9814 J'ne'12 ____ 0814
,109
80
_ 83 Dec '10 --- _ _
es gWe 68
3
0814
7 5E13 f13
70 J'ne'12 --- 6433 71
67
---- 68 J'ne'll.
646 6934
3
64 67
70 J'ne'12 __ - 5914 70
6114 6912 6413
05
3
-1, 6012 6938
____ _ _ _ 10614 May'12 _—_ 100 107
80 82 80 Aug'12 ...— 80 80
7114
70 73
7114
I 6812 7134
80 86 8018 fly '12 _.-- 7234 8312
3012 38 31 J•ly '12 ____ 31
3914
32 Sale 32
3334 39 3114 4214,
---- 33
3312
331:
2 3114 4112
114 3
13 J'ne'12 ___
4
1
213
_-_- 214 23 J•nc'12.—
8
178 3
85 ___. 873 Oct '11
8
___ _____
974 ____ 9718 Isich'12 -- 9718 9718
____ 801s 86
, 86 8914
t
0618
____ 107 1063 Aug'12 ____ 1003 10834,
4
4
1
3 863 Aug'12 ---- 8663 8812
3
---- ---- 34 Feb '07
___ ____
10212 11)312 10412 J'ly '12 ___ 1041 10512
4
100 104 10218 Nov '11 ____ __ .._
101 103 102 J'ne'10 __
84
33
il: -g11- "ii612
4
---- ---- 6812Feb '11 ____ ___ __
90 '7114 92 J'ne'12 ____ 913 93
4
92 Sale 9163
92
23 91 9333
91
6 9034 9212
90 91) 91
8
2
la
34-
.
$ L & San Fran (Con)
Bid
Ask Low
High No. Low High
‘• K 0 Ft S & M con g 613_1928 M-N ____ 11414 11534 J'ly '12 ._-- 115 118
Wabash 1st gold 5s
1939 11-N
K 0 Ft S & M Ry ref g 43_1936 A-0 7813 Sale 78
7812
6 77 8012
2d gold 5s
1939 F-A
RegIstered
4
1;:
1936 A-0 __ ___ 7712 rly '12 -- 7712 7712
Debenture Series B
1939 J-J
$c as 31 R & B 1st gu 5s_1929 A-0
10312,4'1y '12 ---- 10:312 1031:
1st lien equip s fd g 53_1921 M-S
' Ozark & Ch C 1st gu 55 g_1912 A-() 9612 100 9953 Aug'12 ---- 9914 100
.
1st lien 50-yr
J -J
at L 9 W 1st g 45 bd ctfs 1989 M-N _ 9034 9034 9034 1 9012 9212 1st ref and extggterm 43_1954 J -J
45
1956
. 2d g 45 Inc bond ctts____pl 989 J -J
80 ____ 80 Aug'12 ---- 80 83
Cent '1 rust Co etfs
( Consol gold 48
1932 J -D 8034 Sale 8034
8112 41 7812 841.
Do Stamped
, Gray's Pt Ter 1st gu g 53_1947 J -D 99 __ 10118 Apr '07 ---- __ ___
Equit Tr .st Co ctfs
A & A Pass 1st gu g 4s
1943 J -J 86 8612 8614 Aug'12 ---- 86 873-4
Do Stamped
'
8 F & N P 1st sink f g 53_1919 J -J
94
_ 104 Oct '09 ____ __ _
_
Det & Ch Ext 1st g 5s...._1941 J-J
Seaboard Air Line g 4s
1950 A-0 8714 ,--- 8714 Aug'12 --,- 87 8732
Des Moin Div 1st g 4s___1939 J-J
Gold 43 stamped
1950 A-0 87 Sale 87
Om Dtv 1st g 3 30
8714 32 8613 90
1941 A-0
, Registered
1950 A-0 —.. _ __ ___ _ _
_ _
Tol & Ch Div 1st g 4s
19 11 M-S
• Adjustment 5s
'1818 a 5 gi14 IVab Pitts Term 1st g 4s
01949 F-A ___ 79 78
1954 JD
: Refunding 43
1959 A-0 ____ 8018 7934 Aug. ---- 7938 83
Cent ec Old Col Tr Co certts..---'',
• Atl-Birm 30-yr 1st g 4s_e1933 3I-S _--- 83 88 J'ly '12.,,_ 87 90
Columbia Tr Co etts
-_- _,.
, Car Cent 1st con g 4s
1949 J -J -___ 93 9312 Apr '12 --- 9234 9312
2d gold 4s
1954 j-D
Fla Cen do Pen 1st g 59_ _1918 J -J 10314 ____ 103 May'll
.. _
Trust Co certfs
_
1st land gr ext g 58
1930 J- J 103.
104 mar 12 ---- 104 icii - Wash Termi 1st gu 3 34s___1945 V -A
Consol gold 5s
1943 .1 -J -------- 107 J'na'12 __-- 107 107
1st 40-yr guar
1045 F-A
Ga & Ala Ry 1st con 5s_0194' J -J 1053- 10738 10014 J'ne'12 -.-- 10334 10714 West Maryland 4s
4
1st g 4s
1952 A-0
Ga Car & No 1st gu g 5s_1929 j
-J 105 __ 10512 May'12 .--. 10512 10534 West N Y de Pa 1st g 53_1937 J -J
Seab & Roa 1st 5s
_ 10612 105 May'12 ---- 105 1008
1926 J -J
Gen gold 4s
1943 A-0
Southern Pacific Co—
income 5s
(11943 Nov
Gold 43 (Cent Pac coil) J61949 J-D 89 893 8914
14
4
; 11 8915 0212 Wheeling & L E 1st g 5s___1926 A-0
891
Registered
161949 J -D 88 91
91 rly '12 ___. 91 91
Wheel Div 1st gold 5s_1928 J -J
20-year cony 4s
g1929 M-S 9412 Sale 9112
Exten & Imp gold 5s____1930 F-A
947 112 9433 97
8
Cent Pac 1st ref gu g 4s.._1949 Ir-A 944 Salo 9418
9418 11 94 97
1111 1st consol 4s
1949 M-S
Registered
1949 Er-A 93 __ 9412 Ply '12 __ 9412 941:
20
-year equip s f 5s1922 J -J
.
Mort guar gold 3 343„k1929 J -D__.„_-_ 906 9098 Aug'12 ____ 9012 9112 Winston-Salem
8
Through St L 1st gu 4s_1954 A-0 169 , - 90N Aug'12 ---- 90 9278 Ms Cent 50-yr 9 B 1st 43_1960 J -J
1st gen 4s.._1949 J -J
0 H & S A M & P 1st 5s_1931 11-N — _ 1051: 10512 J'ne'12 ---- 10512 107
Sup&Dul div & term 1st 4s'36 $1-11
Gila V G & N 1st gu g 5s_1924 M-N 101-12 104 10218 J'ly '12 ____ 10218 1043
4
Hous E do W T 1st g 5s 1933 .11-N ..„ ___ 105
105
,- 104 105
Manufacturing and Industrial
1st guar 5s red
4
1033 ,11-N 1033 10478 10414 May'12 ---- 10414 10414 Allis-Chalmers 1st 5s
1936 J-J
63 68 6034,11y '12 — _ _ 52 6714
H & '1' C 1st g Is Int gu 1937 J -J 10492 ___ _ 10314 Aug'12 ---- 10914 110
• Trust Co ctfs deposit
. 63
6212
6212 10 5812 61
Consol g Os Int guar_ _1912 A-0 _ _ ---- 10712Sep '11 ____ _
_ _ Am Ag Che m 1st c 55
1928 W-- fed..68 Sale 10112
6
.
101.68 14 10112 10234
Gen gold 48 int guar_ 1921 A-0 933; 94
94
94
, 9'4— iigi. Am Cot 011 ext 4 34s
,
1915 Q-F 97
9(.8 9712
973
4 13 9712 9812
Waco do N W div 1st g 6s'30 M-N 114 118 11914 Mehl°
_
Debenture 53
_ 94
1931 11-N
95 J'ne'12 __ _ 9412 9512
A & N W 1st gu g 5s_
1041 J -J 14/
10712 Feb '12 ---- i(ifi2 1,0'il2 Am Tilde & L 1st s t g
1919 M-S 10012 Sale 10012 101
11 9818 101,
Morgan's La do T 1st 7s1918 A-0 ---- ----11134 Aug'12 ____ 11134 11134 Amer Ice Sectir deb g 6s
68...._1925 A-0 7818 73
78
78
4 7213 82
•
1st gold Os
1920 J - J — 11012 111 Men'11 ...-- ____ --- Am Smelt Securities s f Os..,1920 F-A 10512 Sale 10513
10534 57 10212 1057
._
N Y 'rex & NI gu 43 g _ _ _ _1912 A-0 ____ ____ ____
__
8
Am Spirits Mfg 1st g
1915 31-S 9012 lul
9912 Aug'12 ---- 9,.12 101
.
1938 A-0 _-__ ___ 112 Feb 'tii .--- _ _ __ ____ Am Thread 1st col tr 03
No of Cal guar g 55
4s
1919 J -J
94 9468 04 J•ly '12 ____ 925 95
8
Ore & Cal 1st guar g 53 1927 J - J
102 J'IY '11
Aln Tobacco 40-yr g 6s
1944 A-0
11912 Aug•L
1187 12112
8
So Pac of Cal—Cu g 55 _1037 M-N 1103;...._ 116 May'07 ___ __
____
Registered
1E144 A-0 -------- 12014 J'ne'12 ___ 11878 12138
• So Pac Coast 1st gu 4s g_1937 J -J
90 J'ly '09 ____ _ --_,
Certificates of deposit
.......___ __
12014 May'12 ____ 11878 12112
. San Fran 'Fermi 1st 45_1950 A-0 8812 Sale 8812
8812
4 8i2 E
Gold 4s
1951 r-A 9714 973 9712
4
9714
1 917 9714
3
Tex & N 0 Sab Div 1st g 63'12 M-S
10034 Meh'12 _--- 1003 10034
Registered
4
151 F-A ___
9538 J'ne'12 .___ 9214 9553
_
Con gold 5s
1943 J -J WS;
10163 May'll ____
Certificates of deposit __ __ 9514 May'12 ____ 917 96
--------8
So Pac 1111 1st ref 4s
1935 J- J
9312 Sale 9312
94
n m v itocP lp orks st 53._ 10
23 1.312 953, AaRAVrL g o a ver Isy f . 1949 J-.1 91 --- 91 • 9438 30 8814 913
9114
8
Southern 1st consol g 5s__ _1994 J -J Ina_14 Sale. 10614
107
11 IN 1083
,
8
11-N ____ 104 10334 fly '12 ___ 10312 101
Registered
1994 J -J 104 __. 105 Sep '11 --- _.- -___ Beth Steel 1st ext s I 5s_
,
1926 J - J
9718 14 9312 102
9612
3
Develop dc gen 45 Ser A_1956 A-0 7812 Sale 7812
Gent Leather 20-year g 53_1925 A-0 9514._ _ _ 96 4
79
81, 78 - 7934
9578 126 913 9614
Sale 9478
Mob & Ohio coil tr g 4s 1938 It-s 86 8.4 8634
4
86 4
2 85 8712 Consol Tobacco g 4s
3
1951 F-A ___
97 Aug'12 ___ 9134 91
Mem Div 1st g 4 ;4-53_1998 J -J 107 110 109 May'12 ---- 10814111
Registered
1951 F-A __ ___ 57 Nuv•07 ___ ___ ____
, St Louis div 1st g 4s
Corn Prod Ret 51 g 5s
1951 J -J
8812 89 8812
89
6 8812 9014
1931 M-N 904 97 0614 Aug'12.. 0512 97
Ala Cen R 1st g 6s
1918 J -J 10512 _
8
1077 Nov•10 _.
1st 25
-year 51 5s
1934 .11-N .___ 06 9514 Aug'12
9612
' Ati & Danv 1st g 4s
1948 J -J __ 90 9012 Nov'll __ _
_ Cuban-Amer Sugar coll tr Os 1918 A-0 9612 _ _ 0612 J'ly '12 __ 94
__ 96 9712
2d 45
1948 J -J
8112
l - 1 Distil Sec Cor cony 1st g 5s_1927 A-0 75 Sere 75
1 Feb' ---12
7512 23, 7158 7814
ALI & Yad 1st g guar 4s 1949 A-0 8414 ---- ---_ _
--------- --- ---- -16 I du Pont Powder 4 30_1936 J -D 8714 Sale 8512
8714 63 8478 9213
Col & Greenv 1st 6s
4
: Gen Electric deb g 3 As
1916 J-J ......
og3 Dec 11 ...._
1942 F-A ____ 82
835 J'ne'12 __ 82 84
8
5'l' Va & Ca Div g 5s
8
1930 J -J ____ 108 1077 May'12 ....., 4)73 i(i3i14
10-Yr g deb 5s
-4
1917 J -11
150 Feb '12 ____ 15313159
Con 1st gold 55
1956 31-N 110 11012 11038
110 8
3
4 110 11134 Gen'l Motors 1st lien 63
1915 A-0 99 4 Sale 9934 100
323 0812 1007
3
E Ten reor lien g 55
1938 11- S
Ill Steel (lab 4 343
10518 J'ly '12
10518 106
194) A-0 __ .8368 9012
0034 16 9014 923
4
Ga Midland 1st 3s
1946 A-0 64 6714 64 Aug'12 ---- 64 641. Indiana Steel 1st 55 (rects) 1932 M-N 101
10118
10078
Ga Pac Ry 1st g 6s
1922 J -J 110111 111 J'ly '12 -- Ill 11278 Int Paper Co 1st con g 6s 1918 F-A 103 Sale 10312 Aug'12 151 10058 1015
104,
...... 103 1043
8
4
Knox & Ohio 1st g 63_1925 J -J -------- 114 J'ne'12 __. 114 115
Consol cony a t g 5s
_
19;5 J -J 90 9112 9034
503
4
(., 8412 017
8
Mob & Bir prior lien g 53_1945 J -J IN
___ 10512 Nov•10 __ ____ ____ Int St Pump 1st s t 5s
1929 M-S 02 9214 9214 Aug'12 ____ 9134 9313
Mortgage gold 45
1945 J -J
Lackaw Steel 1st g 53
7834 -_
78 Dec •11 __
1923 A-0 97 Sale 9612
9714 17 93 9714
Rich do Dan con g els
1915 J -J 10312 10412 1,312 Aug'''. __._ 10312 1N34
1st con 53 Series A
1950 31- S
_ 8118 8014
81
2-, 77 8212
,
Deb 5s stamped
10434 Apr '12 __-- 104 10434
1927 A-0
5
-year convertible 5s
1915 M-S 94 Sale 94
0414 43 9012 9434
Rich do Meek 1st g 4s
1948 31-N
7212 __ _ 71 Mehl' __-_
_ Ligg de Myers Tob Co7s tpy bd_s_
-- 12013 1204 1203
8 5, 1183,1 123 •
8 1207
90 Car & Ga 1st g 5s
4
1019 111-N 102.4 103'18 1023 J'ne 12 __ ilii3 la
5s temporary bonds
4
„ 0114 Sale 9714
977
8 81 8934 9914
Virginia Mid ser C 68
112 Oct '06
1916 M-9
Mexican Petrol Ltd env 6a A '21 A.-- -9912 53 95 100
0 9914 Sale 9834
Series D 4-53
.,
1921 M-S 10334 ____ 10414 J'ne •Ii ____
Nat Enam & Stpg 1st 5s-__1929 J 9314 14 93 9412
Series E 55
1926 11-S 10,13 ---' 1053 IrlY *12 -- -- i66 4 ifig34 Nat Starch 20-yr deb 5s- _1930 J -D 9314 95 9314
4
4
. 3
-J
87 893. 8914 J'ly '12 ____ 8914 8914
Series F 5s
1931 .11-S 101 ___ 105 J'ne•10 __-_
_ National Tube 1st 55 rects _1952 .11-N 9914 Sale 9914
9914 10112
993
4
General 5s
1071. Aug'12 .-- igit;.
1936 11-N .„2
16814 N Y Air Brake 1st cony (Is 1928 m-N 100 10.4 10212 Aug'12 48 97 10212
__
_.
p Lorillard Co 7s
Va & So'vet 1st gu 53-2003 J-J 108 -,__ 10812 J'ly '11
tern•pry bds— ---- 12138 1211, 12113
1216
31 11938 12334
1st cons 50-year 5s 1958 A-0 96 9612 96 4 J'ly' ---- gg12 9
3
12
-•/34
53 temporary bonds_
-_ „ 97is Sale 9712
98
82 9113 9912
. - W 0 ac W 1st cy gu 4s
1924 F-A
Ry Steel Sp 1st s f 5s____1921 .1-9313 9418 90 Nich'12 ____ go 90
9304 im3 9812 Aug'12 ___ 97
-J
4
93t2 i
West N C 1st con g 6s
1914 J -J 10214
103 May'12 --- 103 1031: Repub I & S lst&col tr 53_1934 A-0 10338
-___ 101 Apr '12 ..... _ 10278 104 '
,
Spokane Internet 1st g 5s 1955 J -J ___ 103 10212 Apr '11 ___
-30-year Is s t
10
_
_
1940 A-0 9134 Sale 9134
92
5'1 0934 933
31
per A of St L 1st g 4 39s 1939 A-0
standard Milling 1st 5s
-- 10514 105 hich•12 _ __ 165
1930 31-N 88 8812 88
88
3 86 8834;
.11. 1st con gold 5s___1894-1944 F-A 11018 111 111 Aug'12 ---- 1103 11212 The Texas
4
Co eonv deb 6s1031 J -J 10132 Sale
10168
1953 4-,j ,
, • Gen refunds t g 43
_ 9633 96 Aug'12 ____ 94 00
Union Bag & Paper 1st 5s 1930 J -J ____ 9212 10133 marl. 54 0412 102121
94
__ 94 94121
St L M Bge Ter go g 53_1930 A-0 ifiI14 10712 10712 J'ly '12 _.
10712 1071.•
Stamped
1930 „. _, _—. 9234 9312 Aug'12 ____ 0312 04133
Tex & Pac 1st gold 5s
2000 J-D 108 109 109
109
2 107 11012 U S Leath Cot I deb g 6s
1913 11-7 18618 10012 10013 Aug'12._ 10018 102 1
N
2d gold Inc 53
09000 Mch
513 5018 50 May'12 ....-- 50 50
LE S Realty & I cony deb g 5s_'24 J-J
90 91
90 Aug'12 ____ 8712 91 :
. La Div B L 1st g 53
1931 J -J ___ __ 9912 Apr '11 ____ ____ ___ U 9 Red & Refg 1st g 6s
1931 J-J
3 30 50 1
30
..
W Min W & N W 1st gu 58-'30 F-A ,,,, ---- 10612 Nov•04
_ (J s Rubber 10-yr coil Or 63..1918 J -D 28 30 30
e 10418
1
104
54 10334 105 i
Tot do 0 C 1st g 53
1935 J -J 10814 10812 10814 Aug'12 __
Registered
fOgis i'6012
1918 J-1) --------10318 Jan '1 ....._ .
Western Div 1st g 5(1—A935 A-0 106 „-_ 10734 J'ne'12 __ 1073 1073 U S Steel Corp—/coup
4
4
--_d1 963 it-N 1021- Sale 10212
3
1024. 07 1013.1 10413 I
General gold 5s
S I 10-60-yr 531reg ....._d1963 31-N
1935 J-0 103 4 10112 1033 J'ly '12 — .- 103 104
4
3
10212 Aug'12
10168 104 ;
Kan & M 1st gu g 4s
1990 A-0 9134 ,_ _ _ 93 May'12 __. 9184 93
Va-Car Chem 1st 15-yr 53_1923 J-1) 9814 9812 9812
931
12 9814 101 ,
20 20
-year 5s
,
1927 J -J
99 Salo 09
99
11 9814 991. West Electric 1st 53 Dec 1922 J - J
Tol P as W Ist gold 4s
1917 J -J ___ is4
9412J'ne'12 _ _ 9314 947 Westinghouse E & 31 s I 53..1931 J -J 10118 1013. 10214 Aug'l ___ 10114 10341
8
9514
9512
Tot St L & W pr lien g 3 10-1925 J -J
10-year coil tr notes 5.s_1917 A-0 961 Sale 0712.1'1y9578 41 93 96
844 8512 8413 Aug'12 ____ 8412 8712
'12 ---- 9612 08 ,
4 9114
50-year gold 95
1950 A-0
_ 61
6012
617
8
1 60 693s
,
Coll tr 43 g Ser A
1917 F-A 68 71
6818 Aug'12 ____ 68 731.
Telegraph & Telephone
Tor Ham & Buff 1st g 48_51946 J -D 8914 _ 8978 Apr '12.— 8912 931. Am
,
2
TeleP & Tel coil tr 4s 1929 J-J
9018 0014 0014
90 8 152 90 91181
3
lster & Del lst con g 5s 1928 J -D 105 ____ 105 J'ly '12 ___ 105 100
Convertible 4s
1936 m-s 11312 114 11334 114
16 1083411683?
1st refund g 4s
1952 A-0 8518 ,___ 8512 J'ne'12 _-_. 8512 8618 Chicago Telephone 1st
5s 1923 J-1)
. __
- ..„. -Union Pacific—Gold 4s
9912 98 987 1024, commercial Cable 1st g 4s_2397 Q- J
1947 J - J
3
9914 Sale 9878
82 - -. 8212 Meh'12 _-_ -821; -821;
Registered
1947 J -J
9334103)18 993 Aug'12
4
Registered
9914 10178
2397 Q-J - -- -5312 Nov'll
- -_
-year cony 48
• 30
1927 J -J 102 10234 10214 10268 23 10114 104
Keystone Telephone 18t 58_1935 J -J
35 10038 85 Aug'12
ref 48
g2008 31-S ___. 9634 96
1 90 977 Metropol Tel h Tel 151 s t 5s 1918 11-N 10214 103 10234 J'ly '12 ....... gi
96
8
_ 10234 103 '
Ore By & Nay con g 45_1946 J-D 92 9312 93
93
23 9112 9018 Mich State Teiep 1st 5s
161,18
1924 F-A 11.14) Sale 100
L' 99%101 ‘i
Ore Short Line ist g 13s__1922 F-A 112 11233 11212 1133
,
4
4 112 11334 N Y & NJ Telephone Is g_192 11-N._
_ 10314 May'll _
.
1st consoi g 5s
1946 J -J 10934 111 110 Aug'12 ____ 110 112
N Y Telep 1st & gen 3 t 4 343 1939 M-N 9818 Sale 98,
,
8
9918 cii, -687; 1007
3!
Guar refund to
1920 J-1) 92 Sale 92
93
11 92 953 Pac Tel & Tel 1st 5s
4
1937 J -J 10012 Sale 10012
1003
8 84 9878 101141
Utah & Nor gold 5s
1926 J -J 10518 ____ 108 Marl] ___ ___ _ _ West Union col Or cur 5s
19315 J -J 10058 14)114 10114 Aug'12
101 103121
1st extended 43
1933 J -J __
__ --- ___
_
Fd and real e,st g 4 30-1950 11-N 073 Salo 9734
4
9814 12 9714 10012!
, Vandafia cons g 48 Ser A..1955 F-A
933 __ 9658 D.Ich'12 __ 963 gos
4
8
xlut Un Tel gu ext. 5s
1941 1I-N ___
104 J'ne
'11-1
. v
Consol 4s Series B__1957 1I-N 94 96 04 J'ne'12 ---.
971:
Northwest Tel gu 4 ha g _1934 J-J
94 ____ 9614 J116'12 ___ 05 9614
'Vera Cruz as P 1st en 4 444_1934 J-J ____ 901, 9134 J'ne'12 ____ 94 9134
913,
8
'U
-gg .
ist ,5,
MISCELLANEOUS IONDS—Concluded.
Coal & Iron
Buff & Susq Iron a 1 5s____1932 -D 97
97 J'ly '12
Debenture 5s
a1926 il-S
91 Nov'll
IF do I Co gen 81 g 53____1943 F-A 9834 102
9834
9834
Col Fuel gen Os
1919 11-N 10834 10912 10714 J'ne'12
Col Indus 1st & coil 5s gu 1934 F-A 8314 Sale 80
831,1
Cons Ind Coal Me 1st 5s
1935 J -D ---- 8412 85 j'ne'll
.Cons Coal of Md 1st & ref 53 1950 J-1)
91 Aug'12
Or Rly Coal & C 1st g 6s__h1919 A-0 --__ -- 10238 Apr '06
Han esliC&Clststg5s_1951 J -J
98 ,J'ne'12
Pocah Con Collier 1st s t 53_1957 J -J
86 8612 86
87
St L Rock Mt & P 1st 58.....1955 J -J
82
82 8312 83
Tenn Coal gen 5s
1951 J -J 10263 103 103 Aug'12
Birm Div 1st consol 6s 1917 J-J 10314 105 10334 Aug'12
s Tenn Div 1st g 6s
al917 A-0 10312 104 10338 J'ly '12
Cab C M Co 1st go g Os.,,,1922 J-D 10412 _ _ 110 Jan '09
Utah Fuel 1st g 55
1931 11- S
Victor Fuel 1st s f 55
1953 J-J
8514 88 mii•H
ya Iron Coal as Coke 1st g 531949 AI- S
5 96 9412
.
95
L110 price Friday; latest bid and asked aDue Jan dDUe April
--
-
97
98
13
9834 i663;
10714 1073
4
86 7212 82
4""if 6
*1 0812
8112 891
:
703 8.112
4
10218 10378
10312 10411
103 104
---88 86 12 9-812 081"
Miscellaneous
Adams Ex cob tr g 4s
.11-S
Armour do Co 1st real est 4 30'38 J -I)
1942
Bush Terminal 1st 43
1952 A-0
Consol 5s
J -J
Chino Copper 1st cony 6s_1 9 J -J
1955
21
Irrigation Wks dc D of A 4 343'43 if-N
,
Inspir Cons Cop 1st 61 trects.
Int Mercan Marine 4 30_1922
Int Navigation 1st s I 5s
1920 F-A
Mge Bond (N Y) ser 2-43_1966 A-0
NIorrIs & Co 1st s f 4 14s
1939 J N Y Dock 50-yr 1st g
F-A
?flag Falls Pow 1st 53
1932 J -J
Refunding & gen 6s____a1932 A-0
Ontario Transmission 53_1945 M-N
Pub Serv Corp N J gen 53 1959 A-0
Ray Cons Copper Ist cony 631921 J -J
Wash Water Pow 1st 53_1939 J -J
8512 86
9012 Sale
8912 91
97
160 Sale
95
fiji3- 108
8
6614 Sale
7818 7912
82 85
100 4 —
3.
1
8512
8513
41
91
9013
9033 Aug'12
97 Aug'12 ___
111018 29
156
0318 Nov'1 1
10712 10814 42
6614
66'2' 13
7938 Aug'12 ____
89 Apr '11
8934 Aug'12'
82 Aug •12
,
8
1017 J'no'12
9212 J'ly '12
9314
03 Sale 93
125 Sale 12412 125
102 ____ 104 May'12
8212 3813
0013 9214
8834 92
97 99
110 10018
1(14712
63 70
78 8214
$111- -$97
. 3
8
82 3513
1001210173
9212 93
87 9238 9412
29 112 130
10278 109
eDue May gDue June 11DUe July 13Due Aug °Duo Oct dDue Nov
qDue Deo sOptIon sato
CHICAGO STOCK EXCHANGE-Stock Record-Daily, Weekly and Yearly
STOCKS-HIGHEST AND LOWEST SALE PRICES.
Saturday
Aug. 21
*32
*89
*85
*2412
*812
8
*35
*1512
*1012
10
50
35
92
90
2134
9
112
17
4112
10
50
40
40
11914 11914
*400 - *135 138
*4412 1512
*10178 102
145 115
60
*59
;9
89 - - 58
*55
*5234 53
215 215
*139 140
*1512 16
•
165 109
*9914 1a) 2
,
6858 6858
122 122
7612
*75
3
14012 140 4
*12512 129
120 120
4
s.11714 1173
6612
*65
Monday
Aug. 26
35
92
90
4
243
9
4
17
4112
(
3
*9 4 10 4
51
*48
*30
*89
*85
2412
*812
4
*1512
*4012
7'nesday
Aug. 27
*30
*89
*85
4
243
*812
*312
*1512
*1012
*914
*49
35
92
90
4
243
912
412
17
1112
10
51
Wednesday
Aug. 28
*30
*89
*85
3
24 4
9
*312
*1512
*10(2
I()
*49
35
92
90
2434
9
4
17
4112
10
51
Friday
Aug. 30
Thursday
Aug. 20
Last Salt
Last Sale
Last Sale
2112 2434
9
9
*312 4
Last Sale
Last Sale
4
3
9 4 93
__-- --_
Aug'12
10
)212 Aug'12
3.5 July'12
2434 213
4
*312 4
Aug12
18
1012 Aug'12
-
3912 3912 3914 3978
119 119
11834 119
Last Sale 105 July'12
Last Sale 135 Aug'12
4712 19
47
47
4
*10112 1013 10134 10134
1443 14454 11158 14158
4
50
*58
59
*58
Apr'12
Last Sale 17
.
-WI 19 ;;-- 16- *i; Ili *88 02 588812 8.513
Aug'12
Last Sale
58
*55
58
*55
53
*55
8 5212 5314 5212 53
5212 537
5218 53
5212 5234
Last Sale 142 May'12
215 217 *215 217
ii - ill- ai- ill- ,215 217
13012 13912
4
13334 1333 -13012 110
13912 140
16
16
1614 1638 *1512 16
*1512 16
Sale 78 Jaiell
- 1083 10834 10878 10878
1-4u1
-14
1551- 163 4 iiiii- 168
*10812
4
*9914 9912 9912 9912 *9912 993 *9914 9912 *9914 9912
6914
69
6838 6)
63
6812 6812 6812 68(2 69
12112 12112 121 121
8
Last Sak
7612
7612
«ii: /612 *75 140 .*75 141 140 140 76:3- Aug'12
110 140
,111)
110 14114 110
Last Salt 127 July'12
q2512 129 A12512 123 q2512 129
120 120
120 120
119 119
*118 122 *118 122
11712 119 *11712 119
11714 11714 ,
*117 120 *11714 119
3
4
4 65 4 653
6514 6512 6512 653
4
4
6612 *643 653
*65
Last Sale .60 May'12
3934 4018
118 118
*100-_
*130 fis
45
45
*10178 102
*145 14512
60
*59
8 3834 4034
3958 107
119 11912 119 119
_
__ *IOC)
*400
-- 8 *135 138
130 13
-46
46
45
45
'10178 102 *10178 102
*11112 14512 *14412 14512
59
*58
53
59
4
,34
4
11614 11612 11634 11634 11634 11634 1163 11634 116 1163
8912 90
*8334 90
*8334 90
00
90
*8934 91
Last Sale
4 61- 100i2 fin- 101 161 K101)34 fa ,itio.i 1Last Sate
,
010112 103 *10112 103 A10112 103 *10112 103
4
8
20312 20514 20278 20331 2027 211358 203 2043 20212 20312
Last Sale
4
4
*121 1243 *124 12434 *121 1243 A124 12434
43
*1234 4314
*4234 4314 *4234 4314 43
Last Sale
96
*95
06
06
*95
• *9412 9512 *95
4
4
4
4
4
10734 1073 10734 10814 10738 1073 1073 1073 10712 1073
302 303 *300 305 *300 305
*300 310 *300 310
•108 109
108 108 *108 10812 108 10814 10818 109
172 176
166 171
165 165
165 165
.*16112 166
Last Sale
---- ---- ------- --- ---112
3 112
13
112 *114
2 *114
13
114
112
112
8
713 7412
7112 7434 75
8
737
4
733 7378 7338 71
Lira Sale
1(114
*9
ifilA
1 iu. *0
*9
1014 *0
11614 11612
8
May'12
- g 12
10212Au-;
20314 205
125 Aug'12
3713 - - 12
Aug
;
10753 10734
*300 305
*108 109
17012 174
112 May'12
112 112
7312 7358
10 July'12
Sales
of the
Week
Shares
Interest
Period
Price
Friday,
Aug. 30.
Week's
Range or
Last Sale,
Range for Year 1912
Loaves:.
•
Range for Previous
Yea;' 1911
Hiyhest..
Highest.
Railroads
40 Apr 24
Chicago Elev Itys corn__
30 Aug 23
Do pret
90 May27 933 Jan 20
4
Chic Rys part ctf
85 J'iy 15 10438 Jan Is
38 Jan 9
24 Aug
600 .2(310 Itys part Ott "2"___
11 Jan 12
6 J'ne 13
125 Chic Itys part ctf "3"
578 Jan 13
312 J'iy 5
20 Chic Rys part ctf "4"--21 May 1
6'3 Kansas City Ity & Lt_100
1414 Aug
Do prof
100 4012 J'ne 11 6012 Jan 19
1178 Apr 10
129 Streets W Stable C L_100
6 Eich2/
Do pref
15
100 35 Jan 30 52 J'ne 20
hiiscel aneous
1112 Jan 2 43 Mayll
1,800 American Can
100
Do pret
100 91 Feb 1 121 May 11
677
American Radiator__100 325 Feb 1 405 J'iy '2
Do pre(
100 131 Jan 15 135 Apr 30
59 Apr 11
pri p
585 Amer Sh er building _ 100 45 Aug 7
Do
100 100 Feb b 10414 J'ne 20
30
139 Jan 11 14878 Mch 17
15() Amer Telep & Tcleg
100 Booth Fisheries cons
- 39 Mch 14 6612 May22
50 Jan 9
4312 Feb 2:).
Voting trust ctf
Do 1st prof
77 Mch 11 95 J'ne 5
3110
Cal & Chic Canal & D_100 49 Feb 9 6558 May13
1,218 Chia Pneumatic Tool_100 44 Mch 15 5378 Aug 28
Chicago Telephone ___100 13712 Jan 4 145 Men
14 Chicago Title & Trust.100 184 Jan 4 222 J'ne2))
145 Commonw'th-Edlson_100 13514 Jan 4 150 Mch 7
1718 Apr 26
10 Feb 13
75 Corn Prod Ref Co com.._ Do
pret
do
11134 Feb 5
100 103 J'ly
224 Diamond Match
50 Hart Shatiner & Marx Pf- 99 J'iy 17 10212 Mch
742 Illinois Bricit
100 56 Jan 2 012 Aug 17
106 Feb 14 12512 Aug 5
75 Internal Harvester Co__
7638 Aug 6
67 May 1
Knickerbocker Ice pret__
100 131 J'ly 21) 161,2 Apr :it)
470 National lilscult
4
Do prof
100 126 Jan 15 1303 May28
100 103 !Bch 5 123 Aug 9
94 National Caroon
Do pret
100 115 Feb 11 120 Jan 2
12
x 61 J'iy 2 x61 Apr 22
li
rightss
210 PeiCc Gras & k Co
x .60 May 3 s.65 Apr 23
Do
preferred
People's Gas L&Coice_100 10312 Jan 2 11834 Aug 13
483
123 Pub Serv of No Ill c.orn. X 84 May.:), z 9412 Apr 24
Do rights
x.08 *51ayl/ z 112 Apr 21
Do preferred
:100 May31 £10713 Aor 21
116
Humbly Co, preferred
z 9912 Apr 2, £10212 Aug 19
-Roebuck com__100 140 Jan 5 20712 Aug 10
1,856 Sears
100 12112 Jan 11 12534 J'ne
Do pret
8
30, J'iy 18 49 Aug 9
50 Studebaker Cor com_
.
Do preferred ...... 9112 J'ly 18 9712 Aug 7
100 9834 Jan 2 10914 Apr 4
1,810 Swift & Co
10 0
25 Tile Quaker Oats Co 100 215 Jan 15 305 Aug 5
10512 Jan 2 110 Jan 15
Do pret
93
4
x1353 May / £176 Aug 29
2,335 Union Carbide Co
314 May b X 6 May22
Do
rights
178 Jan Is
33 May 2
Unit Box 13d & P Co_100
787
75 Aug 21
1,300 United States Steel corn. 5858 Feb 13
147)) Feu 7
10 Jan 17
100
Western Stone
21 J'iy
85 J'iy
80 Apr
2034 May
8 May
412 Mch
15 Sep
39 Sep
7 Dec
38 Nov
32 Den
94 Nov
101 Aug'.
3778 Dec :
1212 Aug
712 Aug,
25 Feb
7212 Feb
1314 Feb
50 Jan
1212 May,
9 Jan
93 Dec
7678 Jan
265 Jan 301 006
126(2 Mel) 133 Nov
79 Feb
48 NON
10612 Sep 110 May .
13158 Aug 15214 J'ne
5914 Mch
33 Apr
5734 Mch
33 J'ne
60 Sep
8838 Dec
52 Feb
4912 Apr
5512 Feb
3912 Sep
14114 Nov
115 Jan
180 Dec
151(3 Jan
13738 J'iy
113 Jan
1533 J'ne
4
93 Oct
78 Jan
78 Jan
92(3 Feb 11034 Nov
100 Sep 10334 Dec
70 Jan
4978 Sep
9914 Sep 129 May
11714 Jan
123 Jan
100 Aug
117 Sep
11212 Dec
130 Mch
120 Etch
120 Mch
101
1()868 Jan
Sep
12334 Sep
119 Sep
19234 Jan
122 Mai
..
0734 Sep
165 !Ads
10212 Feb
101 J'ne
212 Dec
10712 J'ly
1 Dec
5012 Oct
13 Dec
7 Jan
8178 Feb
25 Jan
°Imago Banks and Trust Companies
Unicago Bond Record
BONDS
CHICAGO STOCK
EXCHANGE
Week :nellni Aug. 30.
STOCKS
CHICAGO STOCK
EXCHANGE
lids
Sold
Range
/or
Year 1912
NAME
Outstanding
Stock.
(1)
Surplus
and
Profits.
(1)
Dividend Record,
In
1910.
In Per- Last Paid,
1911. iod.
_ Jne30'12 134
$200,000 8193,131
American State
High hVo Low. !Huh
Ask Low.
Bid.
An Jan '11, 6 •
55,486
100,000
Calumet National
91
:91
Apr'12
91
Am Tel & Tel coil 4s__1929 J 10
Q-J July'12, 234
21,500,000 9,191,143
9034 9214 Cont'tal & Comm Nat
9034 Aug'12
Armour & Co 4 58s_--1939 J -D j 9012 01
16
16
Q-J July '12,4
Douglas state
£8214 8214 Corn E xchange National 3,000,000 5,971,296
8214 Apr'12
Auto Elec 1st M 6s___1928
2,445 Beg. b us May 31 '1 1,V.92,p1538
2003300
9(98 9618
7
9618 May'12
Cal Gas & El unit &ref 53'37 11 - N
6
8
Q-J July'12, 134
69,613
Drexel State
10218
10134 103
4
-A ioF 1611- 10218
'Chicago City Ity 5s__.,1927
10
10
Q-J July'12, 234
472,962
00
°°,OV)
6
2,
4 8718 9158 Drovers' Dep National8718
8713
8718 Sale
ChIceIty&Conliys 5s.01927 A 6
58,681
200,000
65.8 Q-J Apr '12, 2
Eng.esVood State
9738 99
t 9712 9812 9778 JU1Y'12
Chicago Elev fly Is__ 1)314
July'12 480
12
12
10,000,000 11,744,404
First National
95
10 90
4
923
3
- J t 9214 92) 92 4
Chia Poe Tool 1st 5s.a1921
12 Q-5I Jue30'12 234
10
211,8,55
150,000
21
9978 10114 First Nat Englewood
9978
WKS
1027 F -A 1100 Sale
Chicago Rys 5s
Priv ate Ba
564,772
Foreman Bros B'k'g Co_ 1,000,000
8
9578 97
9534 957 Aug'12
t 94
. Chic Hy's 5s__series "A" A 8
Q-J July'12, 2
659,788
9614 9738 Fort Dearborn National 2,000,000
9638 Jan'12
_
Chic Rys 4s__series "A" A (11)
OD
Q-J
Banking Assn 1,500,000 1,468,193 8+2
8612
88/
8678 Sale
8 28 8618 9158 Hibernian
Chic Itys 4s_ _series "B" J -D
J-J July'12,5
10
151,312 10+15
400 00()
Kaspar State Bank
9334 9518
91 June'12
90
Chic Itys 4s__series "C'' F -A 8(34
200,000
z20,781 eg. b us Apr i '11 V.92,p. 1004
Lake View State
100 100
Jan'12
100
-A
Chic Itys call 63_1913
•
271,883 Beg b . Ma y'10 V.90,p. 1277
La Salle St National.-- 1,000,000
7312 85
77
- J (70
74'2 June'12
Chic Ely Pr in Mg 9s_c'97
10 ta-hi Jne29'12,2%
10
517,088
Live Stock Exclege Nat 1,250,00).)
60
45
49 July'12
55
Chic fly Ad) Inc 1s.c1927 Mayl 845
8
8
Q-J July '12,2
kcity
10112 10112 29 10078 10314 Nat Bank ofitepubilo- 2,000,000 1,370,514
Chicago Telephone 53_1923 J -D 110112 Sale 9938 May'12
6
Q-J July'12, 1%
60:8,772
2,000,000
9738 9938
Cicero Gas Co ref G M_1932 .1 - J I 9712 9812
4
Q-J July'12, 134
100,463
250,000
Produce
10314 24 10214 10334 Nationai
8 10318 Sale 10318
Commonw-Edlson 53_1913
7
634
81-J July'12, 1%
80,397
200,000
10214 1033
4 North Avenue state
10278 10212 July'12
Coinmonw 211cc 5s.b 1943 .41 - S 1112
•
7
0
Q-J July'12, 154
:68
43 9
142 376
50,000
997 100 4 North Side State Sav'gs
8
3
5
Cudahy Pack 1st M 5s.1924 11-N 100.38 Sale 10038 10038
4
Q-J July'12, 134
38,966
200,000
3 107 11014 North West state
10914
108
t1.99 110
934 Q-J Jti1y'12, 234
Disc Match Con db 6s 1920
Peo ple's St u ty .
4 secona seck rrds State- w300.000
x9958 993
9934 Apr'12
Gen Mot 6% 1st L notes'15 A . b us Nov I'll V.93,p. 1235
3,066
200,00()
£10114 10112
10114 May'12
-N
sO
454
Q-J July'12, 134
Ind Steel 1st g 5s..-.1952
153,408
400,000
Security
1928
1st g 6s
Q-J July '12, 2
8
Do
107,000
734
200,000
£10012 10053 South Chicago SavingsQ-J July'12, 134
0
6
Int liar 3-yr 5% g notes '15 P - A 1100 10018 10058 May'12
22,242
200,000
South Side State
£10518 10518
10518 Apr'12
Q-J July'12,3
12
St'l is. M g 63-1928
12
InI'd
1,500,000 2,270,812
State Bank or Chicago
8 Q-5I Jne30'12,2
Kan City By & Light
8
217,010
250,000
Stock Yards Savings
9414
89
89 Aug'12
1913 St - N t_
oi
6 5.1-5 May'12,3
Co Is
6
500,000
110,642
of ChicagoUnion Bank
8714 90
80
89
Lake St EI-Ist Is.. 1925 J - J t
6
6
Q-J July'12, 13
12,176
100,000
3
17 82
85 4 Washington Park Nat
82
82
- A t 82 Sale
Metr W Side El 1st 4s-1938
41,610 None None Q-53 Dee.31'08,134
Wendeli State
83
4 80
80
80
81
80
1938 J -J
Q July'12 2
Extension g 4s
8
1,895.693
754
53:009
8 Central Tr Co of Ill- 4,50
x10473 1047
10178 Apr'12
-A
J-J July'12, 5
MII El Ry & Lt 1st g 531926
10
10
356.896
:Chic City Bk ec Tr CO.
500,000
Apr'12
95
x95
95
do rer & cxt 4 145_1931 O - J
6
6
Q-J July'12 134
263,112
Chicago Say Bank & Tr 1,000,00).1
1951 • - I)
do gen & ref 5s
8
Q-J July'12, 2
734
Title
y'
Ma- - 12
;i554 OOIg Chicago Trust & Trust y5,000,000 12,031.511 6
- N COO- lifMllw Gas Lt 1st g 43_1927
10 , Q-J July'12, 3
z16,325
50,000
& Savings
8912 Aug'12
90
8912 9014 Citizens
1939 J -J t 89
Morris & Co 4 Hs
481,625 8+2 8+2 1 IQ-J July'12, 234
60(1,000
10114 Colonial Trust & Savings
£10034
-- 1003 hiay'12
4
1952 S1 - N
Nat Tube 1st g 5s
1,375,874 ____
£10314 10314 Cont & Comm Tr & Say 3,000,000
10314 Apr'12
8
(1))27
2%
Nor Shore El 1st g 5s_1922 A 8
170,836
834
200,000
Drovers Trust ec Say
£10073 10038
10038 1007R 10058 Apr'12
do 1st & ref g 5s_ _1940 A 16 Q-M Dec30'11,4
12
First Trust & Savings- 5,000,000 1,801,597
6 £9513 9718
9512
9512
Nor Sli Gas o III 1st Is '37 F - A 9512 Sale
14,850 Beg. b us Apr i'11 V.92, p 929
250,000
10014 10014 Ft Dearborn Tr,5/SayBk
10014 July'12
North West El 1st 43_1911
- S
V.94, p 1030
52,316 Beg. b us Apr
200,000
9934 10012 Franklin 'rr & Say Bank
4
2
NWGL & Coke Co Is 1928 Q - M j-653 1011- 10012 Aug'12
254 Q-J July '12,214
190,835 ____
GreenebaumSousBk &Tr 1,500,009
2 9534 09
9734
9712
__ _1945
9734 Sale
Ogden Gas Is
-N
J. J July '12,3
200,000
X9178 9218 Guarantee Trust & Say9 May'12
---- 9
Pas Gas & El ref g 53_1912 J - J
12
Q-J July '12,3
:1
1287
Harris Trust & Savings- 1,500,000 2,139 5 9
X100 10018
100 May'12
J -__Pao T&T 1st col, tr 58_1937 J
61,863 Beg b us Apr 10'i 1V.92,p1004
300,000
Home Bank & Trust-.
1916 J - 1) 9812 ---- 10038 Mele09
Pearsons-Taft Is
July'12, 4
Illinois Trust & Sayings 5,000,000 9,161,116 16+4 16+4
_
S 95 -- 9612 hich'10
4.405
78,818 7+134
Q-J July '12,13j
200,000
7
Kenwood Trust & Say_
Feb'10
M N
913 -- 97
, 4.608 Series E
6
60,828
Q-J Jne30'12,112
200,000
514
& SayLake View Trust
9814 Nov'll
• N
9712
9.80s Series F
15
12
Q-J July '12,4
116 11812 Merchants' Loan&Tr Co 3,000,000 6,573,016
116 May'12
Pcop Gash &C 1st 65_1943 A - ()
200,000 ' 61,911 Beg. b us Oct 291 OV.91,p122I
4 15 10138 10214 Michigan Ave Trust Co4
'
Refunding gold 5s__1947 .41 - S 1013 §alfti 10158 1013
61,611 Corn b us Apr 10'1 1V.92,p1004
500,000
Bank
4 Mid-City Tr & Say
J (1)212 103
10234 1033
10314 July'12
Chic Gas L&C 1st 5s 1937 J
8
Q-J Jne29'I2,2
8
1,500,000 2,690,757
Northern Trust Co
10218 103
4
Consum Gas 1st 5s_1936 O - I) 11.03 10314 1023 May'12
J-J Jne 29'12, 4
8
6
124.602
2.50,000
10112 North-Western Tr& Say
10112
10134 June'12
V .92,p. 1537
Mut'l Fuel Gas 1st5s1947 3,1 - N (10034 102
50,000 Beg. b
200,000
Old Colony Tr & Say Ilk
£96.34 100
t 9712 9812 9812 June'12
_
Q-J July '12,2
Pub Serv Co 1st ref g Is '56 J
181,626
500,000
£100 10014 People's 'Pr & Say Bank
---- 10014 May'12
8
Q-0 July '12, 2
8
Son Bell T & 1' 1st *1 55 '41 J -J t
286,872
300,000
Trust & Say
2 9212 9614 Pullman
9212
9212 03
9212
Q-J July'12, 15.4
South Side Elcv 4 As_1924 J -J
40,180
200,000
J 810014 Sale 10014 10014
1 10014 100 4 Sheridan Tr & Say Bank
3
need bus. Sept 6 1910
Swift & Co 1st g 5s_1914
Standard Tr & Savings.. 1,000,000
fly & Lt coil
55 31
497896 Com3 514 6 J-J JulY'12,3
:
200,000
Trust & Say
0814 Stockmen's
x98
1923 A - 0
9814 Apr'12
.
trust lien a f 58
1,200,000 1,436,542 18+2 8+2 Q-M Jne29 12, 2
Union Trust Co
89
85
85
Apr'12
I.--- 81
'Union Elea (Loop) 58-1945 A 6
85,066
8+2 Q-M Jne3012,2 ,
400,000
West Side Tr QC Sav Bk.
x9978 100
100 May'12
US Gypsum lst g Is..,.1922 M - S
97,048
200,000
914 Q-J July'12, 234
734
SaV Bk
4
1
/ Woodlawn Tr &
£10213 102:
10212 Apr'12
U S Steel 10-60-yr s t g 5s_
4
- 10112 103
1922 J -J (10112 10212 1013 July'12
• Western Elea Co 5s
Note-Accrued Interest must be added t o all Chicago bon d prices.
•
i5412 02
State
of business) for national banks and June 15 (opening of business) for Nat.;
• Bid and asked prices: no sales were made on this day. t June 14 (close
published. Stock all acquired by the Cont. de Comm.
No price Friday: latest price this week. SSept. 1 1911. 11 Dividends not q Dividends are paid Q.
institutions.
-J. with extra payments Q.F. s
,
Bank. a Due Deo. 31. b Due June. c Due Feb. aDue Jan. 1. k Also 20% In stock.
Security Bank. V.93. p. 1235. t Dec. 30 1911. t 1 54%1
dividend of 50% was paid In 1911 on Security Bank stock, to provide capital for the new Second
City Bk. w Stockholders voted to Increase capital to $500,0004.
of this Is a special dividend. x Sales reported beginning April 18. u Formerly ChicagoIn
95, p. 273. s April 19 1912.1
V. 93. p. 398. y Inc.
Capital to $5,600,000 adth. V.
la cash dividend of 33 1-3% to bepald in connection therewith.
BOSTON STOCK EXCHANGE-Stock Record, Daily, Weekly and Yearly
-NOT PER CENTUM PRICES
SHARE PRICES
r Saturday
AlIat 24
Monday
Aug 26
Tuesday
Aug 27
Wednesday
Aug 28
Thursday
Aug. 29
Friday
Aug 30
7
*10814 10812 .10853 108 8 *109. 10914 010834 109
1065g 108 s
.
5
4
1023g 10238 *10214 1023 .10214 10212 010214 10258 *10218 10212
' 21618 21612 21614 21614 21618 217. 216 216
216 21612 r215 215
12514 126
126 126 *125 126
I 126 126 *125 126
125
25
0204_ *204 -___ 204 204 .204 _ _ 8205 208 0204
_ _
99 . 98
9811 98
• «08 I
812 99
98
.
x97 - 98
99
9710
*295 298 *295 298 .295 298 0298 298
Last Salt 257 Aug'12
1013
15 *---- 15
15 *---- 15
Last Sale 14 June'12
80 *--_- 78
78
*75
78 .-__ 78 8____ 78
0____ 10
---Last Sale 3
Aug'12
'P..-- 63
.--_- 52
- 52
52
50
50
0___- 169 *---- 169 *_-_. 169
iii5 160
170 *170
0111 112 *111 112
112 112 .111 112
111 iff
112 112
•258
Last Sale 260 Aug'12
*258-- 8258 ---- -258
0126 12642 126 126
.
126 126
125 125 5125 126 x12434 12134
*124 12512 812412 12512 8124 12512 .124 126
Last Salt 125 Aug'12
*8412 85
*84
85
*84
*84
85
85
85
85
85
*84
10125 130 8125 130 8125 130. .125 130
Last Salt ;25 Aug'12
18 4 18 4 *19
1912 1933 1934 519
3
3
1938 19
1914
*77- - 77
7712 7712 7734 7712 7734 77
7734
13812 1391 138 139
138 13812 138 13812 138 13814 . - 1181138-8
131 131
t
- -t- 203 Aug'12
&/
014
*17614 :::: *F7..
178 178 *177 -- .177
_
*59
*50
57
*50
57
Last Salt
May'12
57
-- *17118 17138 17033 17058 172 172 47138 17158 *17138 171&
8
911, *91
9138
*91% 9112 *907 9112 *91
Last Sale JO July'13
8155 --- 8155 ---_ .155
Last Sal, 157 Aug'12
85 8
85
•*155- -7- 85
*85
*85
86
85
85
5
853 853 *85 8 8578
4
4
*93
59814 99
• 9818 9818 *98
99
9878 9878
98
98
99
Sales
)1 the
Week
Shares
STOCKS
BOSTON STOCK
EXCHANGE
Range since January i
On bads 91 100-shgre tots
Lowest
Railroads
20 Atch Top & Santa Fe.100
Do pre.
100
5
79 Boston & Albany-5_10J
100
32 Boston E,evated
Boston & Lowell
105
10)
66 Boston ‘5 Maine
Boston & Providence_100
i.oston Suburban El Cos_
Do pret
31.
Boston de Worc Llec Cos_
I53 preL
61
2t) Chic Juno Ely & USY.100
Do pret
32
Connecticut Itiver__100
100
112 Fitchburg, pret
Ga Hy & Eleo stmpd_100
Do pre.
100
20
„lame Central
100
436 ,lass Blectric Co___ 100
Do prei Stamped_11.0
267
387 N Y N II & Hartfora_100
2 Northern N H
105
Norwich & Wor pref_100
Ola Colony
10u
itutland pret
•
100
75 Union Pa5ino
100
Do pre,
115/
Vermont & Mass
100
115 Vest 5-51 St
55
Do pref
72
50
flionen
&matt
8
1037 Feb 10 11.05, Aug .
,038 Sep
10112 Jan 12 1041,1 Feb , 151 Sep
41112 J'iy 45 2221., Apr • .15 Apr
120 Aug , 1.3414 Nlen4
1-412 Sod
5,1 Feb
204 J'ne i • 218 Jan
96 May2 • 10012 Jan 3
.1613 Oct
297 May a 400 Apr 27 .92 M. 4.
13 Jan 54
1
12 Sep
May. ,
15 Jan 25 80 J'ne 5
70 Oct
9 Aug It
1212335 u
e Feb
Aug .., 67 Jan a
50
...81 Jan
:
165 May 5 170 Ja • 1:, 156 Apr
10812 J15 2 112 J'ne II 10/ II eh
260 J'ly 24 272 Ja... 15 _55 Jan
12214 J'ne i 1:812 J: i 23 426 Apr
1
in ,,
t
85,
124 J'ne a 4179 Apr . .751.712 Jan
8412 Aug • •
123 J'ly 5. 14738 May.i. .35 Sep
2318 3 5, , 15 Apr
1814 J'ly ..
75 J'iy 5, 63 Feb "
13312 Mairl • L4218 Apr _ :4,.4 Sep
131 Aug .5 143 J35 1-4 134 Jan
21212 Jan 15, _lu Jan
203 Aug
174 J'ne:. 187 Jan 41 1632.,
in
41 Jan _
Jai
79 Jan 5,
'51112 Sep
16012 Feb 1 17434 Apr
: vu Men
1,
15
97 J:ng ... 1694212
0 A ue
1..
sit
156 8451)
53 Sep
53 Apr'. 58,Feb .:
98 J'ly 11 10312 Mch 1.
10, Aug
•
Miscellaneous
260 Amer 51.5rIcul Chem__1uu
5 /2 6912 5912 5912 5912 5912 5912 5912
9
6814 Feb 28
D
8
5
preC___
10034 1007 10034 1007 100 8 10078 .10012 101
1
171
z03 J ug...
'
953 A ne
*478 5
43
4 47
8 *43
107 Amer Pimu Servic5_ 59
4 5
Do ',ref
19
19
19
1834 -- 4
*19
20
19
1 &1177
50
4 ,dc11.6
Amer Sugar lie115
12814 12.54 12914 130 *128 120 Z12734 12734
100 11434 Jan 10
883
Do pret
123 12312 12314 12314 12334 1233,
12212 123
103 11512 Jan 4
252
14478 14518 145 14515 14458 145
14412 14475 1,561 Anier Tel-5 & 1e1eg_100 13712 Jan '2
Amer,can ‘Voolen
*3014 31
30
*2812 30
30
100 23 Jan 31
, 11
4
9234 -91 4 - 2 9.3 913
Do pre(
9178 92
9113 9112 9134 91
100 86 Feb 5
91
4
1 92I$70
83
83
82
81
84
*82
*8134 82
*82
84
21 Amoskeag ManuLicturtng 77 Jan 3
*813 82
4
Do pret
101 *101 ---- *101 ---- .101 10112
101
x9014 J'ne 21
*10012 101 510012 101
15
612 65,
678 67
*67
8 8
5 Aug.5.
078 6 8
7
67
3 67
8
15S ALI Gulf & W I SS L_100
12
Do prel
1012 1012 1118 111: *11
12
*11
12
12
105 1012 Aug s i
196
1413 *1418 15
East Boston Land__. 10 10 43115 2
*1418
*1418 1412 *1418 15
1412 .1412 14
14
100
3
1 289 292
289 289 .289 291
*290 292 ,
292 292
294 204
100 280 Maye...
35 Edison Lie° litum
182 8 18314 18338 18338 18312 18312 18:3 18314 18238 182 4 18234 183
7
3
100 155 Ja:, 2
386 General Electric
*8912 90
*8934 90
8978 90
893 00
90
4
90
*8934 90
95 Massachusetts Gas Cosl00 x8518 J'ly 15
iJo p-el
• 9512 9512 9512 9512 9558 9578 96
15
9534 957 *955 96
8
100
232
.8
____ .223 -- 229 220 *225 _- 225 225
22714 22714 *225
13 J n 1
38 Mergenthaler Lino__ 100 29/12 j ne 25
4.33
4 412 *33
4 45 *334 412
Mexican Telephone , 10
• *378 412
212 Mai 14
Last ,Sale 3 4 Aug'12
3
N E Cotton Yarn____100 100 J'ne 1.,
102 102 .100 102 *100 103 *100 193
i*100 102 *100 103
Do pret
*100 102 8100 10014 .100' 10014 *100 102
Last sate 10014Aug'12
105 98 J'ne.,
15312 15312 15138 15412 155 155
*153 154
155 15512 155% 15614
100 150 J'ly 1.,
371 N E Telephone
5ortland (Me) Eleo-1.
Last'Sale 90 Afeh'12
7212 Jan 17
17112 17134 lir fill; '171 171
*17I 17Z
169 • 16912
170 170
_100 158 Feb I
179 Pullman Co
1612 1612 *16
*1512 1612 *1512
163 *10
4
1634
15 iteece Button-Hole_ 10 1334 Jan 2
10712 10712 10758 1075 10712 10712 55
' 10712 10712 10712 108
8
337 Swift & Co
1-6/3:t
100 9812 Jan 2
2812 2734 2734 28
, 2814 2814 28
28
28
28
28
23 2/ May
28
281 forrIngton
*28
2912 *2712 2912 29
*28
29
29
912 2838 2838 *28
30 • Do pre
25 28 Jan 5
218 218 *218 234 *218 234 *2
212
50 Briton Copper L & 44 25 .85 Jan 6
*214 212
United Fruit
19012 19013 19012 19114 191 1913 19138 1913 19012 it;
*191 192
4
100 178 Jan 25
474
4
5418 5534 5414 5514 54
5434 54
5614 5512 5712 55 4 563 15,162 Un Shoe Slach Corp
25 4614 Jan 15
3
4
Do pret
5912 2912 *2918 2912 2912 2912 2918 2912 2912 2912 29
2912
25 2758 Jan 10
422
S Steel Corp
7334 74
7312 74
100 5838 Feb 13
7338 7358 7332 6,080 U
737 743
8
x73
4 7412 75
DO pret
113% 113% 11318 1133 113 11334 11314 11314
*113 11314 113 113
.100 10718 Feb 1.3
4
05
60 8 60 8
3
3
10078 100 8
7
* 4 5
43
20
• *19
*127/2 12812
12212 123
145 14514
• timige lor Previous
Year 1911
59 4 593
3
:
10034 1003
478
478
*19
20
128 12812
123 123
145 14518
633 Alch 23
4
105 j en
.„14 Sci6
21 J ne
8
1335 Sla:1
12334 Aug .5
149 Merl
30 Men 5.
9414 Itch 45
84 May
,
105 Men:
9 Feb 1 •
20 Jan 15
1714 May2,
300 Mcn
1877 J'ly 25
8
94 Mehl 15
F 2
Feb 1.
A
22
9
112
.
412 J
La
105
107 Mch
161 Mell 14
50 Meh 25
174 Aug-,
8
173 Apr I
105 Alen2/
32 Jan 10
51 A Dr 11
3 4 Apr a
3
20512 Joe
5712 Aug-.
,4
29 Apr
75 Aug _5
1133 Men 2
4
46 Sep
99 Jan
35 Ails
;
1218 Aue
112 Sep
11134 Jan
.31.8 Aug
.5, Dec
3512 Oct
/112 Dec
Les Dec
738 Dec
1412 Nov
114 Jan
.53 Sep
142 Sep
8/34 Jan
93 Dec
z11 Jan
9 Ort
103 Oct
Lul Nov
Is. Jan
023 J'iy
4
133 Sep
212 Jan
3734 Sep
21.) Sep
27 Mch
34 May
,178 Dec
4014 Aug
2512 Sep
50 Oct
10312 Sep
Highest.
11314 J'ne
105 J'ne'
226 Feb
13012 Aug
213 Sep
12238 Feb
,011 /deb
16 Mob
7614 J'ne
13 J'1Y
53 J'ly
171 Deo
11512 J'ly
272 J no
130 Jan
st64 Oct
9312 j'ne
215 Jan
24 J'ne
1513 Feb
8
142 Mch
214 Nov
190 Dero
45 N c v
19215 J'ly
5518 May
1641 Dec
v3 Mch
105 Jan
6334 Dee
10514 Mob
612 Jan
1914 Jan
122 Feb
12018 May
15314 J'ne
3614 Aleh
U612 J'ne
81 Nov
10012 Dec
11 May
26 Jan
12 May
297 Dec
19734 May
9634 Aug
9812 Oct
236 Aug
478 Jan
119 Mob
11612 lacti
16512 Dee
7334 Nov
03 Jan.
15 May
104 J'ite
36 Jan
31 J'1Y
1'j Melt
19712 J'ly
5878 Feb
8218 Jan
29 4
b
12012 Feb
Mining
818 812 *818 812 *818 812
*8
812 *8
88
5
25
1114 Apr 1.11
4 Sep
514 Mch 25
718 rite
885 Adventure Con
83 9
3
512 514
, *512 618
'21k Oct
512 5 4
3
512 512
512 512 *514 55
11 J'ne
514 May ..
395 Aigoman Mtnin 25
45 Jan 4
8
5
47
46 • 4612 4(334 47
4612 4612 46
4712 40
47
47
4414 Dec •
25 3814 Feb i 13518 J'ne _,
41 Aug
731 A lIoue,•
88
88
87 8 3,555 Amalgamated Copper 100 60 Feb 1 85 8 Aug .5,
88
88 8 8818 8814 8712 8518 8716 8714 87
,
5
715 J'ne
4454 Sep
5
31
30 . 3014 30
31
30
31
1934 Oct
' 30
3114 3114 3138 31
3038 J'ne
5,030 ,r5 Zinu L5ud & :.(m_ 25 2412 Feb 15 33i4 ,L'ue __
5
5
638
5
5
514 538
53
8
5
138 Dec 21153 Dec
3,142 Arizona Corn'l Ws dep..
615 Apr _
518 5 5
518
3
2 Jan 2
Ie.._
.40 .40
.46 0_- .48
.48
.48
200 Bonanza Dev Co_
10 .40 Men 5 .55 Apr 11
95 Oct
75 May
•
7
78
5
1512 May
614 Feb 1
6 4 63
3
334 Aug
6 4 64
914 J'ne u
3
3
4
73
s 712 *714 712 *63
4 714 1,670 lios&CorbCop.5StiMg 5
*3
' *215
318 *3
51 3
318 318 *2% 318
V14 334
314
612 Jan
3 Nov
275 Butte-Balaklava Cop_ 10 21518 J'ly 25
534 Apr 2
.,utte Coalition
Last Sal' 23 Feb'12
14 Aug
2312 Deo
15 2134 Jan 18 2338 Jail .3
-45f2 4434 • 4414 4412
4438 4412 7,690 Butte& Sup Cop(Ltd) 10 1912 Feb 7 613 J'ne 11.
151- 4412 451r
-2
• 15- 4338
4
793
4 8112 823
4 8212 8312 8114 8213 81
8212 7,154 Calumet & Arizon.._ 10 5712 Feb 1 53.2 Aug3
79 4 8014 8012 813
45 Sep
6334 Do
550 551
553 553
555. 655
552 556
i 550 556
550 553
360 Sep 545 Jan
25 405 Feb 1 565 Aug_
89 Calumet & Hecht
2212 2212 2234 22 4 2278 23
3
23
23
2212 2213 *2212 23
8 Aug
425 Centennial
25 1712Jan 5 2712 Apr la
19 Deo
3914 3
• 385 387
8
8 39
3918 3914 3914 2,591
6 2514 Feb 28 3534 Aug 27
914 393
163 Sep
4 3912 3934 39
5
2712 Deo
.04 .04
.04
50 COW Mereur Gold
.
04
1 .03 Ntch 20 .09 Jun 1,, 03 Nov
15 J'ne
E912 19 - 5904 60 4 60
.4
3
59
60
3
6034 5934 597
8 59 4 5934 3,837 copper Lange Con Co 100 50 Jail 31 6612 Apr i ,
3
4634 Sep
6934 Feb
712 Men 27
*434 5
*434 6
*43
20
4 5
*43
60 Daly-West
434 Aug 22
4 5
4 43
43
4 *434 5
3 Feb
7 Dee
1334 14
1378 14
1334 1334 2,160 East Butte Cop Min
1334 14
1334 13 4 1334 14
3
10 1214 Jan 15 1535 Apr Ii
8175 Aug
1134 J'ne
Franklin
4
*1112 1178 1114 1114 1112 1112 1112 1112 113 1137 *1114 113
415 uir0u
25 10 J'ly 13 1614 Apr 1
612 Aug
14 ,J'ne
5 Consolidated_ 5
57
6
6
8 6
57 51114
8
5 4 513
3
35
418 Feb 27 61118Apr u'
63
1 53
1 3,025
338 SC0
57
818 Feb
8 571
'
5612 59
55
5512 56
57
5634 5712 57
5712 5,497 Granby Consolidated_1011 33 Feb 5 6014 Apr 2t,
*5412 5
-6 Aug
4312 J'ne
6
1014 10
8 1014 104 1014 1038 4,775 Greene Cananea
858 Dec
14 1051 1014 1018 .1012 1012 103
VD Oct
1014 J'Ile 21
29
*28
30
29
2812 29
2834 2834 28
28 • 2712 2712
250 Hsncock Consolidated
3112 Deo
2 12 Aug 2
7
6
eb Yi 37 J'ne 1;
17 Sep
1
.99 1
1
1.
1
1
1
1
.99
1 ..99
1,285 Helvetia Cover
2 May
99 Ae g 26
18 F ub 6
3 Sep2 Feb
4
1812
*18
18 4 1818 1818 1812 1812 1812 19
18
3
*1812 19
25 1133 Ja5 16 2:1 Apr -4
16 J'ne
750
514 Oct
i nd
*1834 19
*18% 1918 1914 1914 19
*1858 19
19
19
2158Jan 21
11011 o nsol C. 2250 *
150 l asptati juLflg
55
55
55
55
54
55
54
*54
54
55
*54
55
96 Island Creek Coal
1 401k Jan 17 6334 J'ne b,
2914 MY 44 Dec
Do prof
*8912 90
*8912 9014 *8912 9012 90
90
91 J'ne
8934 89 4
9114 Aug ,
90
00
3
27
808 Sep
8614 361, 3612 365, 3614 3612 35 4 367
3(118 4,740 Isle Royale Copper
867 Aug 41
8
23 Dec
35
ID. Aug
3
21 &33 j n
54 a
8 353 36
4
2161621510 278. 21540 *278 3
3
3
3
3
318 Feb 13
2155421515
7% Jan.
700 Kerr Lak5
3
2 Apr 5
25i Oct
*112 134 *152 13
178 178
134 13
4
11146 212 3,280 Keweenaw Copper
4
12 Nov
3 May ,
158
334 J'ne
14
25 .80 Jan 2
36
36
36
36
357 357
8
8 36
36'
3712 36
40 i'ne
22 Aug
49 Apr l.
1,735 Luke Copp Co
Feb
3614 36
,
612 612
*614 (334
La S
612 61..
612 612
6 Jan
3 Aug
612 612
8 Apr 17
375 Auo
6 8 63
3
8
*1278 1313 1278 1278 1278 1277 *1234 13
a Valop per Ines_ .1 301 1 I'e 113 1412 J'ne 27
nile le y M
*1278 1318 *1273 13
1178 Deo
612 Apr
110
1 7 i:e 1
.
2
714 714
7
7
7
7
718 *7
7
914 Jail 4
44 AMC )10 J'ne
712
71: *7
525 arias Consol
612 J'ly ti
25
1212 12 4 *1212 15
3
12 4 13 4 1312 1312 13
3
13
1314 1,115 Mayttowe5
8148 Dec
20 Feb
3
25
234 Jan 3 1812 Apr .:3
1314
2912 2912 2958 29 4 2914 29 4 *2912 2958 2912 295
2912 2912
3
3
1678 Sep
2438 Dee
803 Miami Copper
5 2338 Jan 29 30 J'ly 31
3. *214 212
212 212 *214 2 4 *214 23
3
3
512 Apr 2,,
114 Nov
312 Jan
33
100 Michigan
Jan
4 *214 2 4
68
68
68
6812 *68
6812 6812 7012 68
6814 70
73 J'ne4,
36 Apr
6911,560 Mohawk
67 Dee
21 51231812
23
23
2213 23
2234 22 4 23
23
2258 223
2258 22
3
15 Sell
5
,
4 1,321 Nevada Consolidated. 5
2114 J'ne
14
11 2314 Ma) i
,
Now Arcadian Copper 25
014 Apr L.,
412 *334 412 4 312 412
Aug'12
2 Aui
Last Sal.
*3 4 1
3
12 *312
414 Arm
3 Aug 13
812 812
85 Mch 25
8
812 Si,
55
8
8 838 1,064 Nipissing Miner
x612 Dec
813.
5
113 Feb
83
5
534 Jan 3
5 88
3434 3412 347
3014 J. 0
0
20 Sep
8 3314 3458 3234 331: 3314 3412 17,691 Nortu Butte
83
12 3 8 34
37
25 2234 Feb 1 35 Apr Ii
15
North Lake
512 512
534 6
83 Apr 2•4
4
512 512
,3
1 4 ,7
33 Aug
4
5 Aug 22
53
445
4 54
18
934 J'ne
3
,4 , 4
6
1
3
6
13
412 *4
*4
412 *4
412
4
412 43
358 Dec
25
4 J'ly 5 563 Ja.: 11
305 Oilbway Stifling
4
812 J'ne
9
9
9•
9
9
912
912 934
50 Jan
9
25
914
258 Jan 2 1314 May i
318 J'ly
914 914 1,885 Old Colony
5912 5912 59 4 59 4 697 61
8
60
60 60
3
3
6034 60
60
3414 Sep
7,010 Old Dominion Co
25 44 Jan 31 61 Aug27
49 J'ne
*118 119
11812 119 .117 118
11$ 119 0117 118 .117 118
81 Sep 124 Jan
205
1
2 ) 106 Jan 15 135)2 J'ne ...
) c areek Coal 5.p2c
1812 1812 18 8 183
19
19, J'ne 1,,
8
1938 19
195
5
4 1834 18 4 19
1912 2,256(0aeL
15 Alch 27
3
9112 9112 9134 92
92
91
,
9212 x91
0114 9014 901. *90
195
25, 7312 Jan 29 95 J'11622
66 Sep
76 Dec
221
) 2134 22
2134 2178 22
2178 22
2112 211: 2112 2112
nsol Copper., 10 161g Jan 29 2212 J'ne 5_
830
12 Sep
19 Deo
4118 418 31554
378 4
378 31544
31351 3/:anta ie
47 May 4.,
3
1 Jan 31
33
3
4 3 4 3,245 QI ua Ync8 Gold & Cop_ 10
Jib
t
r
1634 163
4 1612 163
4 16 2 163
m 4 s__ 10
1658 16.3
,
4 1634 1718
9 Jan 31
734 Oct
1778 Aug 5
163 16 4 5,217 Shannon
3
4
1234 Fi:
1 14
.55 .55 4..50 .60
.54) .55 *.50 .61 .50 .60
114 Apr 3
5 .50 Aug 22
650
12 Dec '115:. MAY
4612 47
4713 1714634 47% 478 48
4712 48
47
471
- 2 1,960
23 24 Feb 1 48 3 fly 21
7
20 Oct
4212 Jan
2
2
178 .178 *174 2
13
4 2173 178
pe
173 1155,
S • r.Or
25
815 3uPeri ree Boston I fla 10 2114 idaY14
478 Jan 1.3
6
e2I8 Ow
an 1
814 J.1115
*42
44
*42
4312 *4318 44
4312 46
*43
44
44
44
220 Tamarack
62 Jan
61 Apr 15
20 Sep
6
618
6
618
6
614
6
63
8 68
6
3
512 Dec
330
25
5 Jim 15
912 Apr v
278 Oct
*2"te 3114 *21048 3
215 21118 *2151g 3
0
*215 3
2155121515
47 May.
8
55
ne
150 Tuolumne Copper
1
253 J'ly 27 41118 Meh 26
134 Sep
4534 45 4 4612 457
3
8 4534 45's 4512 46 4 45
4578 4618 6,917 U S Smelt Rex & Min_ 53 34 Jan 31 48 J'iy 3
40
3
4012 J'ne
3038 Seri
50
50
s
50
50
4978 50
491. j.n
50
50
50
50
50 .. 50
1,244
50 47 Jan 10 503, J'ne 51
4614 Aug
*218 212 *218 23
8
218 2
232 *218 238
214 214
-Apex- 5
14 *21g
3t2J'ne
400 Utah
2 May21 311,3 Feb 9
172 Nov
1212 12, 12
*12
12
12
*113 1214 .1134 12
4
12
12
5
20 J'ne
475 Utah Con:militated
912 J'ly 5 2038 Apr 2
534 Jan
66
6658 6718 6678 6714 6614 667
66
8 6558 654 6538 6512 1,511 I. tall Copper Co
6758 Deo
38 Sep
6714 Aug 57
314 *3
314 *3
*3
314 *3
.
3
3
50 Vic oria
314
314 *3
418 Dee
1 Aug
g T:A11g i9
5
j i1
4
"
5 8 Jan 20
7
• 514 554 *6
8
612 *5
6
*5
2
512
5
515 *5
200 1Vinona
5
912 Feb
ug 9
334 Nov
4
73 Mien i
107 107
*106 107 *106 108
10612 103 104
107 108
10512
525 Wolverine
25 0434 Jan 29 117 Apr 17
74 Nov 122 Fele
21^
' *2
2
2
211 *2
*2
21. *2
21.• *2
21,
100 1Ve .5 nt
,
25
134 •Tnn 5
2 Febj
314 Mph 4 .30 Nov
. Bid and asked prices. a New stock. e Asst't paid. b E1
4
1
-stook city. h Ex-rights. a Ex-dtv. ond rights...: Unstampecr.
Tg
It
32U
537
Boston Bond Record
Aug. 31 1912.]
'Veal
Range or
-d
La Sate
----1141,
Ask Loto
10112 Aug
9014 Sale 9014
. '8
0
113l2116 11112,1'1y
83.8 J'ne 12
131 rne'l_
-_
82 J'ly '1'.
9778 J'ly '12
9G% 97
89 90 91 Meh'12
89 90 891-.fly '12
10818 Mch 12
119'1 filch 11
4
iS1- -E12 6314
63.
'12
-- - - 9518 Feb '09
10014 Mch
-10412 Oct '08
Price
Friday
August 33
BONDS
BOSTON STOCK EXCHANGE
Week Ending August 30.
Are Agricul Chem lst 5s___1928 A -0
Am Telco & Tel coil tr 44_1929 J -3
S
1936
Convertible 43
Am Writ Paper 1st s f Os g_1919 J J
(915
Am Zinc L & S deb 63
Ariz Corn Cop 1st Os etfs of dep.
Atch Top & S Fa gong 45_1993 A
Adjustment g 4s____Juiy 1995 Nov
I
Jury 1993 11-N
Stamped
1955 J -15
-year cony 45
50
.
1917 JD
-year eonv 5s
10
ALI Gulf iSi WI SS Lines 53_1959 J.-1
Boston Eiev 30-yr g ,s___ _1935 M-N
1916 J-.1
Boston & Lowell 43
1944 J -J
,
Boston & Maine 4 3is
193( F-A
Improvement 4s
95 Feb 12
1942 F-A
Plain 4s
103 J'ne'IL
1918 J
MS"
Bar & Mo Illy cons Os
11138Sep '11
__ 90 J'ly •1
Cedar Rap & Mo R 1st 73_1913
.
Cent Vermt 1st g 4s___May 1920 Q- F' 9012
8
:0 B & Q Iowa Div 1st 58_1919 A -0 9918 693 1103 (Set '07
95 Aug '1:.
1919 A-0
Iowa Div 1st 45
1913 11- N 10013-- 100-)8J'iy '12
Debenture 5s
9978 Feb '12
1922 F- A 9914
Denver Exten 43
9812 M eh'12
1927 ,n-N
' Nebraska Exton 45
991s Feb '11
1921 11- S
B&SWst 4s
8534 8612 8718 May'12
1941) J -J
• Illinois Div 3 34s
•
Ohio Jet By & Stk Yds 5s,1015 J J 10.113101 101 Aug
9012J'ne
Coll trust refunding g 45_1940 A-0 --. 9012 114 Jan '11
____
83_1920 J -J
.0h Mill* & St P Dub D
11353Feb '11
Oh M & St P Wis V dlv 68_1920 J J
91 May 12
1931 11-N
Oh & No Mich 1st gu 5s
9712 98 Aug'12
1921 J -D
gen 5s
Ohio & W Mich
1920 J -D
'Concord & Mont cons 4s
0
6 12 A tig 11
10714 SeP 4Cudahy Pack (The) 1st g Os 1924 11-N
100 Aug'IL
11126 A-0 165'Current River 1st Os
80 May'12
Dot Or Rap & W 1st 4s__194.1 A -0
1940 11-N 99 9912 99 J'ly
Dominion Coal 1st 8 1 Os
1915 11- S
10313 Apr '05
Fitchburg 41
1927 '[-S
95 Apr '08
48
1933 A-0
12712 Mch'12
Elk 44 Mo V 1st 6s
Fremt
127 Nich 12
1933 A -0
Unstamned 1:1 Gs
Range
n
i"
fan. 1
-<, Low 11.g,
1-6
10114 1021
00 0114
10834 1153,
5
89, 90
103 131
11
1)7 9134
5473 8
91 9218
8912 9132.
10812i 10818
681-- 4
9518
95
92 9
---- ---5
10 1031
8913 9214
10018 10113
8
997 100
9812 98 8
3
11334 17 1
-3.0012 1013
4
89 91
91 99
963 101
4
1i101 idol;
9914 103
80 8614
9834 9914
127121271:
127 12712
6
BONDS
BOSTON STOCK EXCHANGE r;) L.
k ;
Week Ending August 30.
-::, .,,
Fr.ce
Fri ay
A u,usi 3 i
4°•
Wee.
Ra0100 1/
insi .s,si4
Range
Sines
L
-- - --ii tab No Ow High
Ask wir
1411
.3encral Motors 1st 5-yr 01_191 3 A-0 9954 1001 9914 Feb 'L. ___ 9914 9914
11 9578 9812
ft;
Z.;t Nor C B & Q coll tr 4s_11121 J -J ____ ..._ eo
9578 9738
8
57 Aug'12 __
1921 Q J
Itezistereti 42
1913 A-0 IOU 11 100 Aug'1 -. 100 10034
Hilnois Steei deben 84
(a Falls de Sioux C 1st 7s
1917 A-0 -------- 117 Apr '98 _-__ •
97 filch 1.•. -- 11612 97
Kan C Ciln & Spr 1st 53_1925 A-0
I 1 1334 11712,
.,33
4
Kan C Ft Scott & Mem 6s....1928 vi-N 11 3.4____ 1133
92 9212
9212 _ _ 9212 Mch L.
Kan CM & 1) gen 49
1934 fl--S.
1934 i1- S 85 ____ 8,, Aug 'I __ _. 8412 89
Assented income 53
101 J'ly '1 ___. l021210234'
1
Kan C & M fly & Br 1st 54_1929 A-0 .0314
Marq Hougn & (int 1st 6s 1923 A-0 --- --- -115 J'ne'08 ---- .
:Ix
9712 9912,
is(8
Mass Gas 4 Ifs
t,
192i: J -J
191? J. j _______ l00111Apr 1: ..._ 10018 10018
Mich Telepho e 1st 5s
n
08
9612 99
New Eng Cotton Yarn Os 192o F - A--__ 98 98
191, k -o ____ ___ 10138 Meh'll ____ .
New Eng Tel .p(1 5s
Hilo A-0 __ ___ 10012Sep '08 ____ .
33
4
New England cons g 5s
1
sJan ' ---- 913
194.5 I -3 ___ „- '-'97
13oston Term 1st 4s
--,-- ------ ---- 1939 A-0 --New River (The) cony 53_11034 3-3 -------- 75 Dec •11 ....._ .
11q 923
N Y N 11 & H con deb 3 48_155. 3 -J ____ ___. 9214 Mch'12 ____
918 13212
128s8Aug'1:.
1948 J -J
Cony aeb ea
,.
Old Oolony gold 4s
1924 F-A -------- 101 Apr '09 .„.„ .
.
Oregon fly de Nay cony 4s_1946 3 D -_-_-_-_ ---_-_. 988 Sep 'it _ .
Oreg Sh Line 1st g 63
1922 F-A ______ 112 J'ne'12 ____ 1 12 11334
95 95
95 Jan il.
Pere Marquette deb g. 63_1512 J -J
licpub Valley 1st a t 6s
1919 J -J 10314 ____ 103 Jan '11 .___ .
7014 L)ec •III ____ .
iavannah Elec 1st cons 53_1952 J -J
Seattle Elec 1st g Os
1113u F- A __-____ 10312J'IY '1. --- 1(8312 10514
47 Aug 1: _. 8312 100
1
'
1919 M-N
.3hannon-Ariz 1st g 6s
ferre Haute Elec g Os
1929 J -3 -------- 97 Apr '04
4
993 goi;
1018 M-S 10013 101 1ool2J'ly 'IL
Torrington 1st g Os
Union Pac RR de I gr g 4s 1947 J -J _______ 10013.11y '1: ___. i0018 10058.
8
192/ ,1 -3 ____ _ 1017 May'12 ____ 10178 10178
20-yearconv 49
5
1 95 8 9718
,
.63
United Fruit gen s t 4 30
4
1923 J -J
U612 9658 463
1 96 Aug'1: ,--• 9514 9612
7
1925 J J
Debenture 4;i5
U S Stecl Co 10-60-yr Os Apr 1013 M-N -------- 10278 Aug •12 ___. 1 138 104
9 9918
1915 F-A -------- 99 May'lL
West End Street Ry 4s
14 10014
Gold 4 Ifs
191 4 11-S -------- 10014 Feb 12
____ ____
Gold debenture 4s
1916 M-N -------- 9878 Apr '1: ___ .
9812Nov'll _. . .
Gold 4s
1917 F-A
91 101.
1.
tio1
-'
5
Western Teleph & Tel 5s
1932 J -J ___ _100; 10058
358 93.
q05 Feb 'I ..-VVlsconsin Cent 1st gen 4s_ _1949 3- 1 ____
-Buyer pays accrued interest in addition to the purchase price for all Boston Bonds. • No price Friday: atest bid and asked.
NOTE.
F at price
• Philadelphia and Baltimore Stook Exchanges-Stock Record, Daily, -Veekly, Yearly
ACTIVE STOCKS
Saki
oi the
Week (FOr Bonds and Inactive
Slocics see below)
Shares
Share Pnc3)-3'4o1 Per Centuni Prices
' Saturday
Aug. 24
!*11012
*113
I 1453 1434
; *66
67
12512 12512
011012 _
0112 113
*1434 15
67
*66
-- 011012 ----- 11212 11212
15• 1514
15
6612
*66
67
12512 12512
*2312
8
- . 5218 5238
521 08
4
2512 255
8 253 257
011013
011218
15
*66
-5234 53
*5214
2514 -25.4 2514 2514
441;
-.7-- 4414 --4514
;04- 45
4478
4458 - *12
*12
57
57
57
57 --4 2738 2713
i *2714 273
6734
4
*6714 673 *67
8 914
83
, * 4 914 *87
34
*33
*3314 34
, 8912 8912 8912 8912
841344 85 3413308413is
1444 15.0
*1434 15
)
313 313
4
4 3134 313
4
/
621141 62
31) 6214 6271e
4
4
513 513 *5112 51.,
2378 2378 2312 2334
26
26
*2534 28
114112484"H 841484131s
73is
718 73
.. 731e
4
4
- 513,3 514 513 513
3
9014 90 3 9018 9018
45
4
- -- -.Li-
4514 461:
*12
57 5714
2714 2718
6712 671:
9
9
3334 34
8912 891:
8514 8514
15
15
3214 3214
62he 6212
513.1 52
2312 2358
2578 26
8478 8511s
718 718
4
513 513
4
9018 9014
PHILADELPHIA
Inactive Stocks
10
American Milling
59
Cambria Iron
.100
Central Coal & Coke..
10u
Preferred
100
Consol Trac of N J
50
Germantown Pass
Huntington & B T____30
• 5i)
Preferred
.
,Indiana Union Tr____100
lu
Insurance Co ol N A
. Inter.Stn Pow 6: Chem..5u
Interstate itys pret-10
Kentucky SecurItles_10J
10‘)
Preferred
i Keystone 'Foley v t c___ 50
59
Preferred
Keystone Watch Case_ luu
'
1u
Lit Brothers
59
Little Schuylkill
Minehlli & Schuyi 11.__50
Nat Gas Elee Lt & P0..109
10./
Preferred
North Pennsylvania__50
5i)
Pennsylvania Salt
Pennsylvania Steel.... 100
10(1
Preferred
Fight Co (Pitts) pref___5)
Phil German & Norris_5 i
30
' Phila 'fraction
lu
Railways Genera'
Tonopah Belmont Dev1
'
United Cos of N J_100
United Trac P!tts pre1.50
. Virgin1a By & Pow_ _100
IOU
Preferred
i
I Warwick iron do Steei_lu
Washiniton-Va Ity„ 10,1
IOU
Preferred
100
Welsbach Co
West Jersey & Sea Sh_50
.,50
Westmoreland
Wilkes Gas & Elm_- 100
Coal_5
York Railway
Preferred
50
i
Wednesday
Aug. 28
Tuesday
Aug. 27
Monday
Aug. 26
tits
Alk
Friday
Aug 30.
57l
28
68
1018
3414
90
85
15
32
6238
5218
2312
26
8514
731e
52
9012
*1
14414
47
*1214
4
563
4
*273
68
978
34
90
*8458
4
*143
32
6218
5214
2312
26
*8538
718
5158
9038
-
Yeas (1911)
64 Jan
89 Jan
7 113c13
45 Feb
121 Jan
20 Jan
33 Jan
1612Jan
9512 Dec
101 Sep
10 Aug
79 J'ly
13034 J'ne
27 J'ne
60 Nov
1978 J'ly
Philadelphia
5 Nov
1 J'ne 14
7 Jan 10
American Cement__ 50
112
42 Jan
4318 J'ne le 4512 Feb 1
420 American Ftatiways_ 50
4414
9078 Sep
4112 Men 2 4818 Aug36
50
4818 18,386 Cambria Steel
1112 Jan
1212 J'ly I
1112 3'1y .0
Electric Coot America 10
4912 Jan
5234 Jan ill 58 8 Aug lk
3
5718 1,272 Elec Storage Battery_100
2812 Ault
100
18 Apr 2 33/8 Feb 17
2814 1,395 Gen Asphalt tr etts
68 Aug
5934 Apr 2 73 Jan 3
Do
pret tr ctis_100
208
68
638 Dec
6 Apr 4 1018 Aug
7,305 Keystone Telephone_ 50
10
2112 Sep
27 Feb 20 3412 Aug 2
3412 1%094 Lake Superior corp..100
8312 J'ne
8
877 Mch 20 9118 J'ly 1
50
131 Leh C & Nay tr ctts
90'
4
753 Sep
7818 Feb 5 9258 Jai. 16
so
152 Lehigh Valley
8478
814 Jan
8I2Jan 3 1 8 Aug .1
.50
1,229 Lehigh Valley Transit 50
15
1812 Jan
23 Jan 12 33 Aug
50
Do pref
32
80s
5938 Sep
50 Oh io Jan 27 63'13 Apr 26
8
623
701 Pennsylvania RR
6012 Jan 11 6614 Feb lb
4814 Sep
50
5214 1,102 Philadei CotPlttsb)
25 H167 Jan 2 2418 Aug .t,
1512 Nov
8
Philadelphia Elea
2312 3,703
17 Apr
2218 May 6 2612.1'1y 22
26
3,484 Phil 11 T vot tr eta_ 50
50
7414 Jan 11 :..914 Apr 30 86161, Sep
8512 1,060 Reading
316 J'ly 19
6
1
814 Apr 16
1F
612 J'
1,065 Tonopah Mining
714
43 Jan
4034 Feb 28 1214 Jan ".:b
50
51"4, 1;401 Union Traction
8414 Sep
. 8614 Jae 9 9238 Aug 9
5
9138
984 United Gas Infra
1712 Jan
4612 Nov
4834 Feb
1213 Jan
5618 J'ne
3914 Oct
8
837 Jan
919 Jan
32 Feb
98 Jan
931te Dec
978 Oct
2533 Oct
65 Feb
5914 .11141
18 J'ly
2418 Aug
8034 Feb
at Jan
5234 Aug
893s Jan
Baltimore
10 Con Gas El L & Pow_100
100
pret
Do
35
5,500 Houston Oi. tr ctts_100
pre: tr ctts 100
50
po
5
140
62 Northern Contra,
205 Seaboard Air Line-100
100
pre.
Do
235
2,988 United By & Electric.. 1.9
Eta
PHILADELPHIA
Bond;
Prices are all -and
5
2 8 278
interest'
4334 44
0
8813 9013 Alt 63 L V Eiec 4 34s'331 -A
82 Am Gas & Elecris '07_F-A
81
A-0
Am Itys 5s 1917
Atl C has 1st s 1 5s '60_J-J
Berg&Entew 1st 6s'21 J-J
liethieh Steel Os 19118..Q-F
Choc & Me 1st 55 1949-J-J
8
-213 -2113 (Al ck & G gen .5s 1919 J-J
:::::: ....... Con 'frac of N J 1st 5s '33
--_ Del Co /Os tr ctfs 4s'49J-J
Eiec & Peoples Tr tr etts.._
Fr Tac&Il 1st Os 1940.J--1
Gen Asphalt 5s 19 1 6-M-S
ir.
ifili --.12 Indianan fly 95 1933__J-J
_
:___ . . Enterstate 48 1943._ F-A
-ii1-4
Keystone Tel 5s 1935..J-J
Lake Sup Corp inc 53'24.0
- - ....... Lehigh Nay 4 AS '14 Q-J
:IV - --- Gen M 4 Wi g 1924_Q-1!
so __ Leh V C 1st 5s g 1031..1-J
,.. Leh V ext 4s 1st 1948-J-D
ioi" .0.... Conso 6s 1923
i
J-D
...i
Consoi 4 WI 1923J-D
- --J-D
Annuity Os
'
971 99
4414 441
Gen cons --s 2003_51-N
:
.__. Leh V 'Iran con 43 '35 J-1)
-8412 85
1st series A 4s 1935_M-S
1st series 11 5s 11133 51-S
'2
9 ---8
4 97 MarketStEl 1st 4355 bl-N
93
--NatLH&P ser lISa '19 J-J
New Con Gas 5s 1948..J-D
NY Ph & No litt 4s'39 J -J
Income 48 1939____M-N
Pa & N Y Can 53 '39_A-0
5114 513. Penn Steel 1st 5s 17_M-N
4
793 801 Pimple's Tr tr ars 43 1943
4
393 4014 P Co letdccoll tr 53'49 51-:*,
53 53i
:
Con & coil tr Is Si'
M-N
Phil Elec gold tr etts_A-u
8212 83
Trust etts 43 1949 __J-J
-"H. * 1217 & E on M Sag '2O_A
Gen El 4s g 1920___A-0
34
35
& r.glits.
Lange 7o, Irevtoses
liti/real
115 0111
115
11312 114
1512 1638
1514
6714 6612 6718
126 126
*2314 ___
2
.. -:512 23
-12
*5212 53
26 2@2578 26
8
45
48
hangs Since
January 1
Lotte4
115
0____
1514
K.-- -
-- 45
15
4614 473s 47
*12 --__ *12
4 57
573
57
4
273 2814 28
68
68
68
9"te 91318
3414 3411 33
90
90
90
*8434 8478 85
1458
*1434 15
3238 3238 32
6254, 6212 6214
5218 52
52
2338 2312 2312
2618 26
26
5
853us 85 S *8518
718 718 *718
5178 517
s 5158
9038 9012 9012
!Bid and asked; no sales on this day. 11
Thursday
Aug. 29
Ask
87 -tiff._
9512 jo
0234
4 ___
1021- 103 -
101
4
8634 -871-
61
89
79
90
80
107
10714
"i64
_
-_
__
4
1031145
961,
_
thl,
-61 "
103
103
10314
961...
1031,
8314
106
8231
105
- _ -
I *I5 mid.
Lowest
96 Jan 3 117 May 6
101 Jan 2 116 Apr 3
814 Jan 3 1638 Aug3u
5334 Jan 25 7.113 J'ly
12434 J'iy 31 130 Apr b
2714 May-4
2212 sieb
9312 Mch 14 6544 J'ne 19
1814 Jan 2 2618 Aug's()
BALI!MORE
I5RILADLLPHIA
Ph & Iteati 2d 5s 1933 A-u
Ex Imp M 43 1947_A-u
Termin.1 Os g 1941..0-F
P W & B col tr 4 '2 1 -_J-J
,
Read Trac 1st 63 '33__J-J
itoch By & L con 5s'5. J-J
s0a0180-kkin ir Os '27__J-J
Stand Gas & S 6s'26..J-D
Stand Sti Wks Ist55'28 J-J
(1 'frac Ind gen Os '19 _J-J
Lin ltys Tr atm 4s'49__J-J
United Itys Inv 1st coli
s 1 Os 1926____M-N
Weisbach s 1 Os 1930__J-D
W9-13 G&E con 53'55_J-J
York Itys 1st 53 1937-J-D
BALTIMORE
Inactive Stocks
Ala Cons Coal & Iron.100
Atlan Coast L (Conn)_100
100
Canton Co
100
Consolidation Coal
Georgia Sou &
10u
Bit preferred
lo..
2d preferred
100
G-13-S Brewing
Pullman con: Ventil_109
100
Preferred
Bonds
and
Prices arl au interes,"
Bait City 3 143 11130___J-J
45 1954-1935_Variou
15s 191(1
Anacostia de Potom 5s A-0
A Wean L cony deb 4sbd-N
AU Coast L(Ct)ctts 53 J-1)
Ctts of indebt 48____J-J
J-J
5-29-yr 48 1925
P & 0 1st 4 45'53 F-A
Balt Tait; 1st Is 21).._M-N
No Bait Div 5s 1042 J -D
Car Pow de L. 5s 1938 F-A
Cen: fly cons Os '32__M-N
0 13 If
Highest
Ity Eat&1mp .1., '32 M
112 113
Chas City sty 1 t 54'23 J-J
98-14
Chas ity G & El 5s '99 21.-o
114
9936 993. City & Sub 1st 5s 1922 J-D
ssity & SublWas)Ist Os '43
101)4 1013, Coat & C By 1.t 55'19 A-U
4
1013 102 coal & 1 By 1st -a '29..F-A
1001: 1003, fsoi&Grnv 1st 63 1916 J-s
Consoi has 5s 19311___J-11
hen e
Cone G 5 & P 4 As '35 J-J
77
76
Fair & CI Tr 1st 54'38 A
& A.a 181 eon 5s '45 J-.1
8314 831:
ha Car&isIllst Is g
931:
Georg.a P 1st (16 1922.,,J-3
Ga no de Fla 1st Js '45_J-J
G-B-b 131-4.w 3-4s '51...51-..)
Knoxv Trac 1st 53 '28 A-U
SlaconIty &Lt 1st 2s'53 3-4
lid mec Hy 1st 5s '31.A-0
273 276 .tiempbis St 1_t 5s 45,1 J
Mt Ver Cot Duck 1st 5s__
135 139
N pt N de P ist se'38M-2'i
190 lo3
35
Nor &Port Tr 1st. 59'30 .1-1)
Nortn Cent '.tfs 192J-A-U
94
beres A St 1926___J-J
89
Series 11 Os 1926____J-4
4
33 - 41.
28 P tt Un T:ac 5: 1997__J-J
11041__J-s
eoto Val lst
eav Era & West 5s '34 A-to
,eau Air L 4S la 50___A-v
Adjust is 11049____F-A
Seals & Roan Is 1926__J-J
eoutu Bound 1st-U El L&P 1st 4 If..29 m-N
105
Un fly & Li 1st 45 49
991:
Income 43 11149___J-Lo
10514
Funding Os 1936__0-1.)
1031!
Va 3,1,e 3d ser Os '16....M-2
_
1921_11-e
92
41h ,er
971,
Otis series 5s 1926_11-.8
16d
Va (Stater 35 new '32..J-J
108
Fund debt 2-3s 1991 .1-s
West N C con 65 11014..J-3
i6c;
Wit & Weld 5s 1935__J-J
paid. $ *17 A paid.
Bid
Asa
106
103
96
1
1013.
9313
10111
109
96
8914
89
10078 101
10514
105
105
10013
51
105
98
)
51 4
WI;
4
743
9912
2
ig116812
10512
109
87
9314 93
847, 85
6-338 6513
89
10511
[VOL. LXXXXV.
THE CHRONICLE
538
Volume of Business at Stock Exchanges
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY, WEEKLX AND YEARLY.
Stocks
Week ending
Aug. 30 1912.
Shares.
Saturday
Monday
Tuesday
Wednesday
.Thursday
'Friday
Par value.
Railroad,
,
Bonds.
State
Bonds.
U.S.
Bonds.
106,229 $10,009,900
288,895 26,042,000
336,637 30,803,700
318,153 27,945,700
244,498 21,911,300
151,065 13,559,400
$100,000
32,000
114,000
18,500
33,000
31,000
1,445,477 $130,272,000
Total
$903,000
1,255,500
1,409,500
1,481,000
1,373,500
1,213,500
$7,636,000
8328,500
Week ending Aug. 30.
Sales at
New York Stock
Exchange.
1911.
1912.
$1,000
7,000
$8,000
Jan. 1 to Aug. 30.
1912.
1911.
85,497,222
2,290,566
75,142,77-2
1,445,477
Stocks-No. shares.__
• Par value
$130,272,000 $209,675,700 $7,726,012,875 $6,732,672,400
$424,100
$20,200
$1,368,200
$22,900
Bank shares, par
Bonds.
$1,080,000
$127,000
$58,000
$2,680,500
Government bonds__ _
17,142,500
328,500
589,500
79,838,500
State bonds
482,986,500
494,235,000
7,636,000
6,537,500
bRR. and misc. bonds_
$7,972,500
Total bonds
$7,254,000
$501,189,000
$576,754,000
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Philadelphia,
Boston.
Week ending
Aug. 30 1912.
Unlisted
shares.
Listed
shares
Total
8,637
18,058
28,357
31,037
15,342
15,363
3,130
9,161
11,255
10,631
7,584
9,004
116,791
Saturday
Monday
Tuesday
Wednesday
Thursday
" Friday,
50,765
Bond
sales.
$3,000
15,200
6,100
3,000
7,000
6,000
Listed
sdares.
Unlisted
shares.
'Bond
sales.
1,531
6,026
9,088
11,718
11,634
8,976
678
1,836
'2.876
1,606
2,193
1,026
$2,300
27,300
44,800
46,600
31,200
41,100
$40,300 • 48,973
10,215
$193,300
Inactive and Unlisted Securities
All bond prices are now "and Interest" except where marked "f"
Indust and Miscall-(Con.) Bia Ask
Barney & Smith Car com100 15 Preferred
100 84
90
BIBS (k; W) Co corn
90
50 'I Et
50 120 125
Preferred
100 285 288
Bond & Mtge Guar
Borden's Cond Milk com 100 122 124
100 10712 108
35
Preferred
.514 5 3
3
British Cal Copper CO..
65
2
Casein Co of Amer com 100
17
50
100
Preferred
98
Casualty Co of America_100 110 120
Short
-Term Notes
Celluloid Co
100 141 143
Amal Copper 55 1913. A-0 100 10014 City Investing Co
51
101) 49
Bait & Ohio 4555 1913.J-1) 993 100
Preferred
• 100 100 101
4
90
9714
Bklyn RaD Tr 5s 1918m it.. 97
(H B) Co coin _100 85
91
Ches & Ohio 450 1914 J-D 983 9914
1st preferred
4
100 86
Chic & Alton 55 1913.__M-8 9812 9914
92
e 2d preferred
100 87
Chic Elev Rys bs 1914 J-J 973 98 Consm Car Beating.,__100 73
77
4
17
9912 Consoi Rubber Tire__ __100 15
Cin Ham dc D 45 1913__J-J 99
Erie 65 April 8 1914__A-08 100 10012
69
Preferred
100 60
Coil 58 Oct 1 1914_ A-() 993 99 4
66 •
Debenture 4s 1951_:A-0 755
8
3
Coll 55 April 11915._A-0 98
9858 e Crucible Steel corn ___JO0 1818 181
4
C Preferred
Gen'i Motors 68'15-See N Y StkEx list.
100 9714 97 8
7
Davis-Daiy Copper Co...10 .235 2511 •
Hudson Companies
eiMarnond Matcn65 Feb 1 1913
F-A
9934 10018
See Chic. Stk. Ex. list.
63 Oct 15 1013. __A&015 9912 10018
Ill Cent 43.5s 1914
J&J 9914 993 duPont( I) de Nem Pow 100 105 205
4
e Pre:erred
lot & Gt Nor 5s 1914 F-A
100 96
9712 98
9912
Gold 434s'36-See N Y St k Ex list.
Inter Harvester 5.1 '15_F&A 100 10012
K C Ry dr Lt 68 1912M-8 89
Emerson-I3rantingham 100 7738 78
92
103 10314
Preferred
Minn dr St L g bs 1913 _F-A
92
95
100
5
10
Alo Kan & Tex 5$ 1913.M-N
98 4 9914 Empire Steel & Iron cons 100
3
45 !
Preferred
96
100 40
Missouri Pacific 5s 1914.J-D 95
e General Chemical corn 100 190 210
Nat Rys of Mex 43s '13.J-D 9812 9834
e Preferred
100 109 115
eN Ye Lines Eq bs 1912-22 b112% 4.41.
43-5s Jan 1913-1925. __J-J b 4.60 4.45 aioodrIch (B F) Co-See NY Stk E x list
4543 Jan 1913-1927. _J-J b 4 60 112% Greene-Cananea-See Bos81 k Ex list.
N Y Cent 4As
9912 9,-; k Hackensack Water Co
St L & S F 5s 1913 opt J-D 9914 993
Ref g 45 '52 op 1912
3-3 8612 88
4
7
5
South Ity g 55 1913_ _F
-A 100 10014 Havana 'tobacco Co.. 100
14
Wabash 454s 1913
0
Preferred
94
IOU
M-/S 90
1st g 513 June 1 1922 1-D 62
65
Westingh'se El & 141 68 1013 10012 11)1
6% notesOct'17-3ee NY Stk H x list Hecker-Jones-Jewell Milling
1st Os 1922
M-e, 102 104
Herring-Hall-Marvin
Railroad
10
20
Hoboken Land & Irnprove't
e Chic & Alton com
23
100 20
e Preferred
1st 5.4 Nov 1930
104
.
90
_
100 34
e Chic St PM & Om......100 132 135
Hocking Val Products_100
812
e Preferred
66
1st g 5f3 1001
58
J-J
100 152 160
e Colo & South corn__ __100 4012 4112 Houston Oil-See Bait 8tH E x list.
e 1st preferred
100 74
76 e Ingersoll-Rand corn_ __100 105
e 2(1 preferred
e Preferred
100 6612 70
100 95
o
Y Chic & St L corn -100 5712 60
14 intercontin Rub corn. 100 13
e 1st preferred
92
100 10214
_ Internet Banking Co. _100 87
e 2d preferred
90
IOU 86
International N tette! _100 335 340
Preferred
Northern Securities Stubs
100 106 107 •
1st g bs 1932
Pitts Bess & Lake Erie., 50 ;36 31
A-0 109 111
72
International Salt
4
50 .60
2
Preferred
100
1st g 513 1951
Railroad Securities Co54
A-0 / 50
ll! C elk tr ctfs f3er A__
international Silver corn IOU 115 130
8314 85
8134
Preferred
West Pac 1st bs 1933. 51-S 81
.10U 120 130
1st Os 11)48.
J-D 10912 111 '
Standard Oil Stocks
Internat Smelt & Refg_ -A)U 124 127
Anglo-American 011
93 ,
1812 Kayser (Julius) & Co...JOU 91
£1 *1i
Atlantic Refining
1st preferred
100 10912 111
100 760 /80
69
Borne-Scryrnser Co
Kresge (S 5) Co
IOU 68
10u 280 300
Buckeye Pipe Line Co_ __SO .197 203
100 10212 103
Preferred
46
Chesebrough Mfg Cons 10i) 830 860 e Lackawanna Steel__ _.100 43
Colonial 011
1st con 5s '150-See N Y St H Ex list.
11)0 160 180
Continental
Deb 5s 1915
-See N Y Stk Ex us t.
11)0 875 925
95
Crescent Pipe Line Co....5u .84
Lanston Monotype
100 03
88
Lawyers' Mtge Co
Cumberland Pipe Line_ 100 88
100 220 225 •
98
Eureka Pipe Line Co
Lehigh Val Coal Sales..50 245 250
10u 445 155
Galena-Signal 011 com _100 268 276 01,00se-WIles His-See N Y dtk E x list
*21
Preferred
Madison Sq Gardsn Stubs
6
100 138 148
Indiana Pipe Line Co. .51/ .130 135
Manhattan Transit
6
20 .231- 2553
National Transit Co
20
25 .0312 5414 slonongahelaR Con O&M()
New York Transit Co_ _100 308 103
Preferred
.45 _
Northern Pipe Line Co_100 163 175
Mortgage Bond Co
IOU 105 109
Ohio 011 Co
e National Surety
101) 226 230
.130 134
Prairie 011 & Gas
100 340 350 e New York Dock corn. 100 19
Solar Refining
45
e Preferred
100 35
100 800 850
Southern Pipe Line Co 100 290 300
N Y Mtge & Security. 100 208 21212
6
South Penn Oil
20
N Y Transportation.
100 880 000
87
Sou %Vest Pa Pipe Lines 100 193 108
Nlies-Bem-Pond corn.. 101) 85
-See Bost 6 tk Ex list.
Standard Oil of Calif
Niplssing Mines
100 175 180
13,,
10 *u3
Stand Oil of Indiana _ __100 275 280
4
Ohio Copper Co
111
2
100
Standard Oil of Kansas_100 600 325 e Ontario Silver
100 72
Otis Elevator corn
70
Stand 011 of Kentucky 100 635 530
Preferred
10, 103 104
Stand 011 of Nebraska 100 360 300
50 .101: 1058
Stand 011 of N J (old).
-100 1120 1140 Pittsburgh Brewing
Preferred
3914
Stand Oil of N J .
50 *39
100 410 114
e Pittsburgh Steel pref __IOU 102 103
Standard 011 subsidiaries- -- 715 735
Pope Mfg Co corn
Standard 011 of N Y. _100 596 600
IOU 38
40
Preferred
Standard Oil of Ohlo
78
100 74
100 340 355
Pratt & Whitney pref. __IOU 105 106
Swan & Finch
,i00 280 300
Producers Oil
Union Tank LineCo __100 98 100
100 120
•
Realty Assoc (Bklyn)...1110 114 118
Vacuum Oil
100 194 198
Royal Bak Powd corn...i00 210 220
Washington Oil
10 .25
35
Prelerred
Waters-Pierce 011
IOU 109 111
100 1400 1700
Safety Car Heat & Lt, 100 116 118
Tobacco Stocks
.sears,Itoebuck&Co-SeeNY Stk I. x list
(See also Stock ExcliangeLfst)
ePreferred-See Chic Mk Ex lb t.
eAmer Snuff, pref
IOU 289 291
100 111 114 Singer Mfg Co
eAmer Tobacco, pref..,100 107 110 South Iron & 8 com____100
_
2
British-American Tobac.£1 .2478 25
Preferred
10u
3
Conley Foil
40
100 305 315 Standard Coupler corn __ lth. 30
Preferred
e Ileime ((leo W) cons __100 180 1.00
100 108 112
Standard Mug-See N Y 6 tic Ex list.
C Preferred
100 112 118
Stern Bros pref
100 85
Johnson Tin Foil &Metal 100 175 1..)0
88 •
MacAndrews & Forbes __lift, 205 210 suizberger & Sons Co 0_100 9912 100
texas & Pacific Coal. 100 99 102
Porto-Rican-Amer Tob_100 285 205
Reynolds(R J) Tobacco.100 s220 250 e Texas Pacific Land Tr_100 95
98
title Ins Co of N Y
United Cigar Stores Corp100 290
100
123
New corn when issued_ _
9814 9834 t 000pah Min(Nev)-SeePlilla
-. x list
17
New pref when issued
4
- 11878 11914 trenton Potteries com 100
Preferred new
c WeYman•Bruton Co...JOU 235
R1U
ao 55
D rec w
TIy peto
e Preferred
30
IOU
20
100 116 liS Union Typewriter com __IOU 42
Young (J Si Co
rr°%v
44
100 176 183
1st preferred
10u 107 111
Industrial and Miscellaneous
2d preferred
IOU 103 107
United Copper
Adams Rap g 4s 1947
1
f 83
84
100
Alliance Realty
15
8
Preferred
100
100 118 120
9912 100
Amer Bank Note com___60 .5012 52
3 United Dry Goods ___10U
Preferred •
e Preferred
54
100 105 108
50 .53
American Book
U S Casualty
100 195 205
100 169 17a
American Brass
U S Envelope corn
IOU 101 106
IOU 135 137
American Chicle corn, 10u 218 222
100 115 117
Preferred .___I,
00
100 85
Preferred
100 10312 105 e U 8 Express
90
10
0 85
eAmerican Express._ _ _100 197 202
U S Finishing
101) 100 105
Am Graphophone corn 100 4014 45
Preferred
J-J 100 105
Preferred
1st g 55 1919
100 76
J-J 05 100
American Hardware..._100 13812 13912
Con g Eis 1929
Amer Malting 6s 1914__J-D 101 102
US Indus Alcoh-See N Y 8 tk Ex list.
100 103 1.051i
Amer Press Assoc'n__ IOU 60
70
e Preferred
Am Steel Fdy Us 1935._A-0 99 10011 U S Steel Corporation
Deb 9s 1923
F-A
Coi s I Apr Eis 1951 op 1911 114 11458
6812 71
American Surety
Col s 1 Apr 53 1051 not opt 111 11473
50 318 - _ _
American Thread pref _...5 •412 514 U S Tic Go & Indem__ 100 i)0
95
Westchester & Bronx Title
Amer Typefounders com 100 4712 50
Preferred
& Mtge Guar
100 180 188
100 103 105
SVestingh'se Air Brake. __S0 •144 145
Deb g 6s 1939
M-N 10012 102
Amer Writing Paper..
314
33.1 ..,Woolworth (F• W)
-See NY Stk E x Usti
ALI Gulf& WIsS LluesSeeLios tStkE x list WorthingtonfilltiCo Di 100 105 10814
Ferry Companies
Bid
B & N Y 1st 6s 1911____J-J
97
NY&ER Ferry stock 10u
8
1st 53 1922
55
M N
N Y dc Bob 58 May '46_3-D 99
Hob Fy 1st 5s1046__M-2 104
N Y &NJ 5s 1946___J-J
98
10th & 23d Sts Ferry_ _1(R) 25
1st mtge 5s 1919
1-1) 65
Union Ferry stock
100 15
1st 5s 1920
1.1-N
93
Ask
100
15
60
100
Bid Ask
Street Rail ways-Won.)
United Rys of St L100
1412 1458
Com vot tr ctfs
100 4412 45
New York City
e Preferred
100 93
9312
Bleeck St & Ful Fy stk_100 22
25 Wash Ry it El Co
100 95
Preferred •
let mtge 45 1950
97
70
J-J
J-D 8514 85 4
45 1951
B'y & 7th Ave stk
100 175 180
3
26 mtge bs 1014
5
J&J
99 4 10014 west Penn Tr& Wat Pow 100 2938 29 8
3
Preferred
100 82
8234
Broadway Surface RR
10234 104 Electric, (las & Power Co.
let 6s 1024
J&J
10
New York City
Cent Crosstown stock 10
Cent Un Gas 5s 1927_ J-J 102 10312
1st mtge tIe 1922_ _M-N 105
- e Kings Co El L & P Co 100 x130 132
Con Pk N & Itiv stock_100
ebristopherSzllith St 5tH 100 126 - 137
New Amsterdam Gas
1st consol 55 1948
,Dry Dozk HIS & 13J-J 10114 10214
J-D 99 10114 N Y & E It Gas 1st 53'44 J-J 10412 10512
1st gold 5s 1932
.
..F-A
35
45
J-J 101 103
Consol fis 1945
Scrip 5s 1914
Eighth Avenue stock_ _100 315
e N Y Mutual Gas L___100 173
F-A I 99 101 N Y & Q El L & Pow Co_100 55
Scrip Us 1914
60
100 75
Preferred
426 dc (Jr St Fy stock. 100 270
85
100 45
N Y & Richmond Gas
42d St H Sic St N Ave_ __10
55
M"S/99 foo North'n Un 1st bs 1927 lid-N 9912 10112
•
151 6s 1910
Standard Gas L corn,.
2nd Inc Os Jan 1 1915.... / 78
60
Preferred
100 90 fad
160 Did
Ninth Avenue stock
111-N 104 106
2
1st bs 1930
Second Avenue stock. 100
6
Other Cities.
40
45
•
Consol 5s 1918 ctfs F-A
50 .90
s Sixth Avenue stock...100 115 126 Am Gas & Eiec corn
92
50 *49
Preferred
:Sou 13oulev tai 1945
J-J 88
92
5012
100 423 427
80 For 1st bs 1919.
A-0 90
95 Am Lt & Tree corn
100 11012 112
I Tarry WP dr SI 5is'28__M&S J 75
Preferred
80
28 & 20th Sts 53 '06 ctisA-0 f 20
71
28 Amer Power & Lt com_100 69
100 86
;Twenty-third St stock __100 250 275
Preferred
87
50 "
,'Union ay 1st 53 1942__F-A 104 105 Bay State Gas
73,3
12
Westchester 1st 5s '43_J-J 94
97 Bingh'ton (N Y) Gas Wk
A-0 97 100
Yonkers St RR 5s 1946_ A90
97
1st g 5s 1938
Brooklyn
Buffalo City Gas stock__100
312
'Allan Ave RR con 5s'31A-0 10012 102 Cities Service Co corn.,,100 117 120
100 9112 93
•BB&W E bs 1933 __A-0 97 101
Preferred
164 16612 Con Gas of N J bs 1936....14 98 101
Brooklyn City RR..
Bklyn ligta 1st 5s 194 1..A-0 99 102 Consumers' L 1.1 & Pow
J-D 100 102
Bklyn Queens Co dr SubSs 1938
•
1st g 5s'41-See N Y Stk Ex its I.
Consumers Power (Minn.)
8812 6912
! 1st con 5s'41-See N Y St k Ex Wt.
lst&ref 5s 1929op'14-M-N
Coney Isl & liklyn
100 101 105 Denver G & El bs 1949_81-N
9512 9012
300
87 Elizabeth Gas Lt Co..
1st cons g 4s 1948___J-J
80
77
82 Essex & Hudson Gas_ _100 135 140
Con g 4s 1955
J-J
..100 87
Brk C & N Se 1939.__J-J 99 101 Use & El Bergen Co..
89
100
Nassau Elec pref
Get West Pow 5s 1946...1-3 8834 8912
1st 58 1944
A-0 10212 10312 Hudson County Gas
100 135 140
N Wmsburg & Flatbush1st 5's 1949-See N Y Stk Ex us t.
92
1st 455s July 1941 F&A
95 Indiana Lighting Co..,.100 40
44
Steinway 1st 65 1922___J-J 102 106
F-A
4s 1058 opt
70
72
Other Cita:
60 38
Indianapolis Gas
45
A-0 88
Buffalo Street lty1st g 53 1052
90
1st consul 5s 1931____F
-A 105 10512 Jackson Gas 5s g 1937_ A-0 09 102
Deb 65 1917
A-0 10412
eLaciede Gas preferred _100
100
7812 3912 Madison Gas 63 1926....A-0 104 109
if Conn Ry & Ltg com__1
e Preferred
10
50 *9612 9812
80
82 Narragan (Pray) El Co
Federal Light dc Tree__ 1
40 Newark Gas 6s Apr'44_Q-J 123 12612
37
Preferred
1
100 98
84
8512 Newark Consol Gas
99
's Havana Elea Ry L&P 100 82
86 No IludL H &P 5s 1938 A-0 100
100 92
_100 6312 6612
e Preferred
•
136 Pacific Gas & E com
100 91
ft Loulsv St 5s 1930.
J-J 10514 10512
Preferred
9212
36
•New 00 Rys & Lt cow 1
38 Pat & Paa Gas & Elea_ _100 92
_
a Preferred
100 7612
Con g 5s 1949-See N Y St k Ex list.
N Y Weatch & Bost RySt Joseph Gas 5s 1937
90
94
let g 454s 1946-See N Y
Standard Gas it Eiec(Del).50 .24
E x list
2412
Preferred
Pub Serv Corp of N J -See Stk
50 *x50
x list
51
Cony s f g 6s "26-See N Y
Tr cas 2% to 6% perpet 10112 11012
E x list
Electric of N J_100 90
North Jersey St Ry_ 100 75
00 United
95
1st 45 1948
M-N 80
J-D 82
1st g 45 1949
81
8312
Cons Tract of N ____100 76
Western Power corn...JOU 3112 3212
77
let 53 1933
.1.13 104 105
Preferred
100 5912 61
•
New'k Pass Ry bs '30_3-3 107 108 Western States Gas&EiecRapid Tran St Ky..__IOU 235 ____
1st & ref g Is 1941 op _J-D
9012 9212
1st bs 1921
telegraph and telephone
• A.0 103
5 C Hob & Paterson
e Amer Teieg & Cable___100 69
72
4s g 1949
M-N
7912 8012 e Central & South Amer_100 115 120
So J Gas Elk Tree. 100 130 135 Comm'i Un Tel(N Y)___25 108 115
Cu g 58 1953
81-5 9914 10014 Empire & Bay State Tel_100 65
75
No Hud Co Sty tis 1914 J-J 101
100 40
Franklin
50
Con M bs 1928
J..) 102 104 e Gold & Stock Teleg
100 120 125
Ext bs 1924._
_M-N
98 100 e Northwestern Teleg.....50 117 123
25 70
Pat Sty con 69
Atlantic
114
Pacific &
75
2d 65 1014 opt. __A-0 100 idi e Pee Telep 'teleg pref.100 100 101
- 100 29
:1012 Southern & Atlantic
25 92
, Republic ity & Light
97
Preferred
100 80
& Teieg•
82 South Bell Telco
!Trent P & H as 1943 ___J-D 97
99
1st g 5s 1941 op 1916...1-.1 100 10014
k Listed on Stock Exchange but usually inactive. I Flat pr ce. n Nominal. a Sale price. 1 New stock. u First
; .
Per share a And accrued dividend. b
, Installment paid. x Ex-d1v. y Ex-rights. z Includes all new stock dividends and subscriptions. s LLsted on Stock Exchange but infrequently dealt In; record of sales,
It any, will be found on a preceding page.
Street Railways
Bid
Ask
AUG. 31
539
TIIE CHRONICLE
1912.]
Anuestment and ftailroad Antetligence.
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns.
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. The returns of the electric railways are brought together separately on a subsequent page.
Latest Gross Earnings.
ROADS.
Week or
Month
Current
Year
Previous
Year.
July 1 to Latest Date.
Curren.
Year.
Previous
Year
S
Ala N 0 & Tex Pas-319,616
270,373
N 0 d: Nor East_ July
319,616 270,373
150,045
123,507
150,045 123,507
Ala & Vicksburg_ July
134,439
108,490
134,439 108,490
Vicks Shrev& Pac July
47,883
283,952
278,704
45,332
Ann Arbor
2d wk Aug
8,959,969 8.021,645 8,959,069 8,021,645
Atch Topeka & S Fe July
75,203
239,589
233,127
75,802
Atlanta Birm & Atl 4th wkJuly
2,527,820 2,332,124 33,463,558 31,622,449
Atlantic Coast Line June
120,257 136,081 1,933,896 1,934,200
Chariest'n &Wear Juno
95,656 1,279,469 1,214,693
04,542
Loulsv Hen& StL June
8,052,885 7,321,157 8,052,885 7,321,157
g Baltimore & Ohio _ July
149,008 123,048
149,008
123,048
B & 0 Ch Ter RR July
234,504 226,991
226,991
234,504
Bangor &Aroostook July
1,028,428 904,727 1,028,428
904,727
Bessemer & Lake E July
3,071,920 3,863,030 45,990,363 44,815,084
_ June
Boston do
3,713
3,907
47,178
50,085
Maine_Bridgeton & Saco 11 May
BuIf Roc!: & Pittsb_ 3d Wk Aug 239,345 207,975 1,618,346 1,491,111
180,522 214,643 2,313,084 2,384,788
Buffalo & Susq _ _ _ _ June
: Canadian Northern.. 3d wk Aug 372,900 307,500 3,011,700 2,435,600
3d wk Aug 2,694,000 2,267,000 19,718,000 16,035,000
Canadian Pacific
. Central of Georgia_ _ 3d wk Aug 237,900 225,006 1,844,800 1,689,200
303,506 241,094
303,506
241,094
Central New Engi'd July
1,870,028 2,540,160 28,700,934 26,737,960
Cent of New Jersey.. Slay
June
352,397 379,606 4,085,312 4,006,434
. Central Vermont
• Ches & Ohio Lines_ 3d wk Aug 724,384 706,955 4,005,207 4,716,327
Chicago & Alton_.. _ 2d wk Aug 350,451 363,077 1,827,332 1,991,204
6,884,367 6,987,389 86,723,068 88,272,208
Chic Burl & Quincy June
: p Chic Great West.._ 3d wk Aug 304,606 303,667 1,918,419 1,825,702
Chic Ind & LOUISY_ 3d wk Aug 137,643 141,615
960,726
958,728
Chic MIlw do St Paul June
5,326,758 5,182,262 63,122,743 64,975,995
ChicMil F0 Pug Sd Juno
.
1,472,892 1,263,852 16,132,612 14,516,367
6,749,917 6,206,017 6,749,917 6,206,017
. 4:Chic F0 North West July
! aChic St Paul ill do 0 July
1,292,997 1,163,587 1,292,907 1,163,587
: Chicago T 11 Fc S E_ June
127,873 131,267 1,827,361 1,994,856
. Cin Ham & Dayton June
855,768 836,580 9,861,320 9,570,281
Colorado Mdland
June
133,273 142,493 1,830,160 1,914,657
b Colorado & South.. 3d wit Aug 271,993 286,45
1,807,467 2,003,031
Cornwall
196,751
168,291
15,588
June
17,687
326,635
308,573
Cornwall & Lebanon June 25,457
30.205
334,393
Cuba RR
262,666
334,393 262,666
July •
Delaware & Hudson June
2,275,295 1,780,642 21,242,929 20,986,075
3,334,456 3,062,894 3,334,456 3,062,804
Delaw Lack & West July
• Deny & Rio Grande 3d wk Aug 490,600 473,100 3,404,200 3,401,200
469,284
5,258,532
•
Western Pacitic
June
02,153 1,197,597 1,044,258
104,389
Denver N W & Pac_ June
138,475 114,137 1,762,327 1,785.465
Detroit Tol & Iront_ June
26,440
25,102
178,974
172,207
Detroit & Mackinac 3d wk Aug
953,235 859,949 6,684,438 7,362,400
June
• Dul & Iron Range
68.382
70,372
521,312
505,106
Dul Sou Shore & Atl 3d wk Aug
1,154,545 698,914 10,720,752 8,053,690
• Elgin Joliet do East.. June
666,989 527,069
666,989
327,069
El Paso et SOU West July
4,717,645 4,640,178 53,708,468 53,820,049
June
Erie
June
Fairchild & N E
23,421
2,540
31,173
1,895
Florida East Coast_ June
352,783 286,271 4,432,304 4,183,385
Fonda Johns do Glov June
946,366
85,568
932,168
81,945
Railroad
Georgia
-Tune
222,973 209,818 3,378.734 3,210,291
Grand Trunk Syst_ _ 3d wk Aug 1,097,394 903,677 7,947,367 7,297,104
Grand Trk West_ 2d wk Aug 134,495 127,745
813,471
844,569
Dot Gr Hay & Mil 2d wit Aug
257,014
280,012
42,660
48,198
,
Canada Atlantic_ 2d wk Aug
263,506
292,300
40,255
42,625
1 Great Northern Syst July
6,318,6761 5,745,831 6,318,679 5,745,831
t Gulf & Ship Island.. June
151,060 155,562 1,982,740 2,006,790
Hocking Valley
666,227 583,570 7,303,679 7,172,731
June
Illinois Central...... _ July
4,803,972 5,128,212 4,893,072 5.128,212
. Internat & Grt Nor_ 3d wk Aug 193,000 164,000 1,284,000 1,050,000
a Interoceanie Hex.. 3d wk Aug 142,143 166,286 1,287,426 1,237,669
Kanawha & Mich
295,959 268,721 2,848,322 2,835,634
Slay
Kansas City South.. July
833,797
751,089
833;797 751,089
Lehigh Valley
3,533,707 3,091,657 3,533,707 3,091,657
July
Lexington do East June
51,016
563,173
532,849
49,847
Louisiana & Arkan_ June
98,318 1,495,111 1,432,638
131,895
, a Louisville h Nash _ 3d wk Aug 1,077,415 1,036,105 7,665,715 7,383,458
1 Macon & Birm'ham July
10,560
7,383
7,383
10,560
Maine Central____. July
961,129
885,451
961,129 885,451
[Maryland & Penna.. July
37,847
34,087
34,087
37,847
,a Mexican Railway.. 1st wk Aug 149,900 118,200
910,300
765,900
112,658
13,570
i Mineral Range
3d wk Aug
101,512
15,487
/ Minn & St Louis.. 3d wk Aug 209,197 175,088 1,285,910 1,104,675
( Iowa Central......
f Minn St P &SSM 3d wk Aug 531,378 508,195 3,824,603 3,476,603
Chicago Division'
71.527
892,437
- Mississipn1 Central_ June
915,704
84.982
u Mo Kan & Texas.. 3d wk Aug 583.678 -531,591 3,827,580 3,674,703
illissouri
,. - 3d wk Aug 1,243,000 1,100,000 8,671,436 7,549,817
;Nashv Chat & St L June
Pacific_005,858 951,998 12,262,675 12,323,863
t• a Nat Itys of Mex_t _ 3d wk Aug 1,088,497 1,144,769 8,523,001 9,003,316
8,583
77,445
Nevada-Cal-Oregon. 3d wk Aug
50,089
9,886
N 0 Great Northern Juno
145,457 142,287 1,635,283 1,607,622
'V 0 Mobile & Chic_ June
175,847 137,590 2,002,729 1,826,136
•N Y C (So Hud Inv June
8,845,348 105708 592 101746 344
9,143,950
Lake Shore do M S June
4,433,597 3,951,967 50,661,872 48,452,126
n Lake Eric & W_ June
447,045 406,621 5,550,211 5,466,610
;
Chic Ind & South June
315,190 292,522 3,975,554 3,686,753
:
Michigan Central Juno
2,617,277 2,394.786 31,342,467 29,766,827
t
Cleve C C & St L_ Juno
2,534,230 2,449,289 30,700,843 30,667,618
Peoria do Eastern June
266,739 242,211 3,160,451 3,508,587
. Cincinnati North.. June
98,893 1,324,747 1,244,995
100,176
Pitts & Lake Erie June
1,606,389 1,322,451 16,441,698 15,706,373
•
N Y Chic Fc St L. June
1,033,456 954,592 11,593,472 11,181,159
Tol & Ohio Cent_ June
503,556 425,685 5,249,428 5,032,574
Tot all lines above June
23001 605 21384 355 265709 338556459 970
1
1
t
Jul/ 1 to Latest Date.
Latest Gross Earnings.
ROADS.
ii eek or
Month.
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
S
5
$
5
N Y N II & Ifartf_ July
5,753,765 5,197,708 7,753,765 5,197,708
N Y Ont & West.. June
797,529 798,236 8,527,944 9,295,702
N Y Susq do West.. June
235,638 246,554 2,862,098 2,972,964
Norfolk Southern
300,692 258,411 3,284,824 2,955,671
June
Norfolk & Western.. June
3,457,322 2,895,610 39,735,237 35,557,522
Northern Pacific__ July
5,750,356 5,232,852 5,750,356 5,232,852
Pacific Coast Co
657,817 678,156 7,496,912 7,798,739'
June
14182187 12921989 164191645 187234106,
Pennsylvania 1111_ June
Balt Ches & Atlan June
270,000
280,959
25.058
25,685
282,313 245,901 3,034,352 3,027,799
Cumberland Vail.. June
Long Island
1,102,314 1,023.966 10,752,422 10,148,508
June
Maryi'd Del & Va June
130,635
11,230
134,145
10,957
N Y Phila. & Norf June
358,110 298,705 3,424,153 3,372,484.
1,077,483 1,005,664 12,548,667 12,868,161
Northern Central. June
Phila Balt& Wash June
1,755,363 1,638,358 19,297,503 19,078,477
W Jersey do Seash June
610,073 562,130 6,351,115 6,144,563
5,012,204 4,173,775 54,970,902 52,666,540
Pennsylvania Co
June
Grand Rap & Ind June
419,304 376,125 5,182,222 5,071,128
Pitts C C & St L.. June
3,568,028 3,100,002 40,756,700 38,924,316
Vend alla
840,342 796,285 10.020,039 10,422,440
June
Total lines
East Pitts & E
20789302 18988538 233733325 225837297
June
West Pitts &
10842680 9,082,018 114050973 109932310.
June
All East& West June
31631983 28070557 347784302 335769610
Pere Marquette..__ _ July
1,360,877
1,403,530 1,360,877 1,405.53
Reading Company...
Phuia & Reading_ July
3,284,168 3,476,797 3,984,168 3,476,797
Coal & Iron Co July
3,003,597 1,079,213 3,003,597 1,679,213
Total both cos
July
6,987,765 5,156.010 6,987,76
5,156,010
Rich Fred & Potom June
239,673 221,397 2,575,53
2,386,616
Rio Grande June_
Juno
82,159
984,695
82,416
990,39
3d wk Aug
1110 Grande South
12,707
10,91
73,265
85,45
June
Rock Island Lines
6,076,920 6,140,400 64,712,853 68,487,473
Rutland
June
303.902 306,919 3,460,170 3,437,318
107,511 129,508 1.545,82' 1,70-1,315
Jos & Grand Isl_ June
St
3,387,002 3,317,073 42,100,364 43,159,228
St Louis & San Fran June
1,206,518 1,078,438 15.215.513 14,880,409
Chic Fc East Ill_ June
4,593,520 4,395,511 57,315,877 58,039,637
Total all lines.._ - June
153,324 160,782 1,819,138 1,938,853
St L Rocky Mt & P_ May _ -- _
St Louis Southwest.. 3d wk Aug 247,000 210,000 1,762,902 1,440,685
891,086 864,312 9,124,474 8,423.197
San Ped L A & S L.. June
Seaboard Air Line_ _ 3d wk Aug 406,447 391,826 2,998,908 2,847,199
Southern Pacific Co. July
11762 391 10871887 11,762,391 10,871,887
Southern Railway.... 3d wk Aug 1,252,983 1,190,068 8,094,479 8,334,118
Mobile & Ohio
3(1 wk Aug 234,175 195,316 1,614,179 1,479,739
Cin N 0 & T P_-- 3d wk Aug 186,602 185,783 1,320,554 1,201,077
91,609
Ala Great South.. 3d wk Aug
90,699
635,675
604,237
41,838
Georgia Sou & Fla 3d wk Aug
41,983
318,890
317,350
407,048 506,682 4,814,561 4,819,465
Spelt I'ortl & Seatt_ June
2,378
12,079
2,414
15,042
Tenn Ala & Georgia 1st wk Aug
132,542 125,476 1,543,690 1,517,751
Tennessee Central
June
Texas & Pacific
3d wk Aug 278,889 258,885 1,984,663 1,920,301
Tidewater & West_ July
7,583
9,967
9,967
7,583
Toledo Peor & West 3d wk Aug
28,141
172,668
26,184
176,153
Toledo St L & West 3d wk Aug
526,475
91.758
613,279
89,564
Union Pacific Syst_ July
7,818,585 7,328,350 7,818,58' 7,328,350
Virginia do So West.. July
145,727 128,203
128,203
145,727
Virginian
348,111
376,550 348,111
July
376,550
Wabash
2,538,744 2,447,443
July
2,538,744 2,447,44
Western Maryland_ June
612,813 606,952 7,243,057 7,200,931
Wheel & take Erie- July
714,370 615,184
714,370 • 615,184
Wrightsv & Tennille July
20,144
20,520
20,144
20,620
739,701 731,171
Yazoo &Miss Valley July
739,701
731,171
Various Fiscal Years.
Period.
Delaware & Hudson
.
-- Jan
N Y Central & Hudson River_e_ Jan
Lake Shore & Michigan South Jan
Jan
Lake Erie & Western_n
Chicago Indiana & Southern_ Jan
Jan
Michigan Central
Cleve Cin Chicago & St Louis.. Jan
Peoria & Eastern
Jan
.
Cincinnati Northern
Jan
Pittsburgh & Lake Erie..... Jan
New York Chicago & St Louis Jan
Toledo & Ohio Central..
Jan
Total all lines
Jan
Pennsylvania Railroad
Jan
Baltlinore Chesap & Atlantic_ Jan
Cumberland Valley
Jan
Long Island
Jan
Maryland Delaware& Virginia Jan
N Y Philadelphia & Norfolk_ Jan
Northern Central
Jan
Philadelphia Bait & Wash..„ Jan
West Jersey & Seashore
Jan
Jan
Pennsylvania Company
Jan
Grand Rapids & Indiana
Pitts CincinChicago & St L_ _ Jan
Jan
Vandalla
Total lines-East Pitts & Erie Jan
West Pitts& Erie Jan
All lines E & W_ Jan
Dec
Rio Grande Junction
Jan
Rutland
Jan
Texas & Pacific
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
June
June
June
June
Juno
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
Aug
Curren,
Year.
Previous
Year.
3
3
30 10,109,011 10,224,009
30 50,562,393 48,808,662
3 25,045,919 22,745,044
30 2,653,560 2,524,167
1,872,846
3 2,025,79
30 15,237,392 14,059,414
31 14,694,815 14,425,886
30 1,506.447 1,564,278
540,683
616,754
30
30 8,070,43 6,937,297
3 5,727,271 5,391,805
2,419,055 2,108,274
3
30 128559 83 120978 356
30 62,030,11 75,325,681
112,673
105,258
3
1,534,30
1,391,284
3
31 4,918,067 4,683,394
31
48,973
48,888
31 1,696,14
1,598,446
3 6,010,60 6,207,802
3 9,502,597 9,119,338
2,587,385
30 2,690,83
30 27,499,722 24,263,509
2,345,157
30 2,495,71
30 20,254.380 18,051,613
30 4,819;709 4,769,995
31 114663347 106912153
3 55,658,367 49,963,445
3 170321715 156875599
3
506,031
506,364
3
1,617,28
1,573,829
21 9,274,597 8,853,656
AGGREGATES OF GROSS EARNINGS-Weekly and Monthly.
Weekly Summaries.
Cur'nt Year Prey's Year Inc. or Dec.
Monthly Summaries.
Cur'nt Year Prev's Year Inc. or Dec.
$
3
$
$
Mileage. Cur,Yr. Prey. Yr.
$
$
13,839,647 12,984,641
+855,006 6.59
2d week June (41 roads)
October -245.633 241,321 266.064,129 263,637,356 +2,426,773 0.92
+905,666 6,97
November _234,209 231.563 241.343,763 243.111.388 -1,767,625 0.73
,3d week June (41 roads):::: 14,073,731 13,168,065
.4th1 week June (41 roads)..-.... 18,264,980 17,965,863
December _238,561 235,685 233,614,912 232,275.177 +1,339,735 0.57
+299,117 1.63
: let week July (40 roads)......_ 13,143,297 12,818,451
January -__237,888 234,402 210,704,771 213,145.078 -2,440,307 1.14
+324,846 2.50
February _231.082 233,191 218,031,091 197,278,939 +20.752,155 10.53
+663,638 5.00
;2d week July (40 roads)____ 13,934,880 13,271,242
March
238,218 234,692 237.564,332 224,608,654 +12,955,678 5.77
• ad week July (41 roads) -- -- 14,320,563 13,238,634 +1,081,929 8.17
,4th week July (38 roads)____ 20,868,686 18,084,735 +2,733,931 15.39
April
236,722 233,057 220,678,465 216,140,214 +4,538,251 2.10
235,410 231,597 232,229,361 226,181,666 +6,044,698 2.67
let week Aug (39 roads)____ 14.420,856 13,137,388 +1,283,468 0.77
May
2d week Aug (37 roads)____ 14,397,814 13,223,581 +1,174,233 8.88
Juno
235,385 230,894 243.226,498 228.647,383 +14,579,115 6.38
14,630,266 13,552,577 +1,083,680 7.99
88,008 71,146,556 65,264,785 +5,881,771 9.01
3d week Aug (37 roads)._
89,717
July
a Mexican currency. 0 Does not Inc ude earnings of Colorado Springs & Cripple Creek District Ely. from Nov. 1 1911; in 1910 these returns
are included. e Includes the Boston & Albany, the New York & Ottawa, the St. Lawrence & Adirondack and the Ottawa & N. Y. Ry.. the latter
of which, being a Canadian road, does not make returns to the Inter-State Commerce Commission. r Includes Evansville & Terre Haute and Evans-,
ville & Indiana RR. g Includes the Cleveland Lorain & Wheeling Fly. in both Years. n Includes the Northern Ohio RR. p Includes earnings of
Mason My & Ft. Dodge and Wisconsin Minnesota & Pacific. s Includes Louisville & Atlantic and the Frankfort do Cincinnati. t Includes the Mexican International Irons July 1910. u Includes the Texas Central. v InelUdes not only operating revenues, but also all other receipts.
_ _.
THE CHRONICLE
540
-In the table which
Latest Gross Earnings by Weeks.
follows we sum up separately the earnings for the third week
table covers 37 roads and shows 7.99% inof August. The
crease in the aggregate over the same week last year.
Third week of August.
Alabama Great Southern
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific
Central of Georgia
Chesapeake & Ohio
Chicago Great Western
Chicago Ind & Louisville
Cinc New On •& Tex Pacific_ __ _
Colorado & Southern
Denver de Rio Grande
Detroit & Mackinac
Duluth South Shore & Atlantic..
Georgia Southern & Florida_
Grand Trunk of Canada
1
Grand Trunk Western
Detroit Gr Hay & Milw
S
Canada Atlantic
Inter ational & Great Northern
Interoceantc of Mexico
Louisville & Nashville
Mineral Range
1
Minneapolis & St Louis
I
Iowa Central
Minn St Paul & S S M
Missouri Kansas & Texas
Missouri Pacific
Mobile & Ohio
National Railways of Mexico__ _
Nevada-Cal-Oregon
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western__ _
Total (37 roads)
Net increase (7.99%)
1912.
1911.
Increase. Decrease.
5
$
90,699
91,609
207,975
239,345
307,500
372,900
2,694,000 2,267,000
225,600
237,900
706.955
724,384
303,667
304,606
141,615
157,643
185,783
186,602
286,450
271,993
473,100
499,600
25,102
26,440
70,372
68,382
41,083
41,838 •
5
910
31,370
65,400
427,000
12,300
17,429
939
993,677
103,717
164,000
193,000
166,286
142,143
1,077,415 1,036,105
13,570
15,487
175,088
209,197
41,310
1,917
34,109
1,097,394
508,195
531,378
531,591
583,678
1,243,000 1,100,000
195,316
234,175
1,088,407 1,144,769
8,583
9,886
12,707
10,918
247,000
210,000
391,826
406,447
1,252,983 1,190,068
258,885
278,889
28,141
26,184
91,758
89,564
5
3,972
819
14,457
26,500
1,338
1,990
145
20,000
24,143
14,636,266 13,552,577 1,188,819
1,083,689
Interest Charges and &uplus.
Roads.
-Int., Rentals, &c.
Previous
Current
Year.
Year.
Bangor & Aroostook__ _July
Buffalo Roch & Pitts___July
Chicago Great West____July
Chicago & North West....July'
Chic St Paul M & 0_ __July
Colorado & Southern.._ _July
Cuba RR
July
Reading Company
July
108,865
177.419
221,485
804,402
164,607
282.573
66,375
852,000
56,272
1,957
2,194
105,130
Net Earnings Monthly to Latest Dates.
-The table following shows the moss and net earnings of EffE)01 railroads
and industrial companies reported this week:
-Bat, of Net Earns
Previous
Current
Year.
Year.
104,517 xdcf30,689 zdef32,857
155,250
174,249 x169,382
136,616
x62,265
225,063
942,966
713,170 1,022,680
21,932
138,152
174.175
x167,076
x82,831
277,396
59,227
82,235
60,12d
216,924
969,528
840.055
INDUSTRIAL COM.PANIES.
-Int., Rentals, &c._ -Bal. of Net Earns.
Current
Previous
Current
Previous
Year.
Companies.
Year.
Year.
Year.
$
$
Atlantic Gulf & W I SS Lines
157,479
June
162,702
(subsidiary cos)
48,210
44,573
948,311
949.336
Jan 1 to June 30
550,612
673,280
56.456
57,065
129,190
Southern Cal Edison Co_July
92,592
387,852
416,754
771,038
Jan 1 to July 31
654,678
x After allowing for other income received
EXPRESS COMPANIES.
May
1911.
1912.
23,183
52,087
143,000
38,859
1,303
1,789
37,000
14,621
62,915
.20,004
EVori. bxxxxv.
Adams Express Co.
Express revenue
Mise transportation revenue
Non-transportation revenue_
Gross receipts from open.:
Express privileges
-Dr
Total operating revenues...
Maintenance
Traffic expenses
Transportation expenses_ _
General expenses
Total operating expenses...,
Net operating revenue_ ___
One-twelfth of annual taxes.
Operating income
Mileage of alifSteam roads..
lines coveredlOther lines
2,948,854
10,909
30,046
2,989,811
1,581,205
1,408,605
63,958
11,965
1,091,366
80,420
1,256,710
151,895
21,250
130,644
32,430
4,786
2,811,479
10,838
23,948
2,846,265
1,487,167
1,369,097
44,106
7,156
1,042,587
75,756
1,160,007
180,490
27,439
102.050
32.729
3,779
Jul!, I to May 311011.
1012.
$
$
30,782,301 29,744,011
107,226
115,062
234,780
278,039
31,175,403 30,086,018
16,003,675 15,667,807
15,171,728 14,418,210
688,903
772,487
84,083
100,932
12,046,827 11,462,665
932,541
927,353
13,847,600 13,148,193
1,324,127 1,270,017
243,830
219,858
1,026,187
1,104,268
--Month of MayMay
1012.
1911. -49121 to
913
I 111u1 1
American Express Co.-Gross Earnings- -Net Earnings
$
$
$
$
Current
Express revenue
3,758,064 3,568,795 28,399,981 36,625,083
Previous
Previous
Current
Year.
Misc. transportation revenue
Year.
Year.
Roads.
Year.
144,953 1,602,748 1,549,973
157,657
Non-transportation revenue_
Gross receipts from °per__ 3,915,722 3,713,748 40,002,730 38,175,057
Atch Top & Santa Feb July 8,059,969 8,021,645 32,173,071 32,204,126
_1
2/7_8,73_5 1,698,728 18,879,784 17,658,999
-Dr
53,755 Express privileges
59,514
226,991
Bangor & Aroostook..__ _July 234,503
Total operating revenues_ 2,136,986 2,015,020 21,122,9 15 20,516,057
,
89,800
60,944
179,018
Brazil Ry
213,600
July
651,509
688,673
52,187
147,413
527,041 Maintenance
665,401
1,280,441
Jan 1 to July 31
1,464,734
280,092
337,110
28,324
Traffic expenses
33,471
284,398
281,545 Transportation expenses
Buff Roch & Pittsb_b__July 893,219
822,232
1,550,586 1,421,949 16,380,223 15,147,440
116,328 1,431,593 1,303,499
162,419
494,600
301,600 General expenses
Canadian Northern
July 1,829,700 1,475,000
Total operating expenses_ _1,893,891 1,618,780 18,800,437 17,419,706
Canadian Pacific_a
July 12,052,399 9,661,818 4,448,177 3,703,028
Net operating
396,230 2,322,508 3,006,351
276,129
252,136 One-twelfth of revenue.... 243,095
Chicago Great Western_ bJuly 1,069,275 1,010,127
311,231
*345,987
19,102
29,026
annual taxes_
Chic & Northwestern_a_July /6,749,917 /6,206,017 1,827,082 1,656,136
Operating income
214,068
377,127 1,970,520 2,785,120
302,759
/1,292,997 /1,163,587
198,107 Mileage of allfSteam roads..
July
Chic St PM & 0.a
54.333
56,245
lines coveredlOther lines_
306,363
2,357
403,277
2,894
Colorado & Southern_ b_July 1,048,895 1,157,904
262,666
148,610
July 334,393
119,352
Cuba RR
• The figures given for month of May in preceding fiscal year are for
Delaw Lack & West_b_ _July 3,334,456 3,062,894 1,244,141 1,112,661 taxes paid and charged during that month.
24,685
99,021
110,385
Detroit & Mackinac_a July
19.796
--Month of May- -July.1 to May 31June 4,717,645 4,640,178 1,621,911 1,784,695
Erie_ b
193
11.
193
11.
1912.
3
1912.
3
53,708,468 53,820,049 16,006,780 17,970,158
July 1 to June 30
Great Northern Express Co.
230,403 2,564,209 2,346,343
248,435
246,643
724,050
g Interoceanic of Mexico July 826,821
237,237 Express revenue
Miscell. transporta. revenue..
Lexington & Eastern_ b_June
51,016
49,847
12,3466 Non-transportation revenue_13,753
24,005
1,165
3,619
198,503
July 1 to June 30
'532,849
563,173
157,158
Gross receipts from oper__
231,569 2,588,215 2,360,097
252,054
210,441
Maine Central_a
885,451
July 961,129
201,121 Express privileges
139,561 1,581,796 1,441,710
152.460
-Dr
Missouri Pacific_ b
June 4,320,130 4,124,780 1,033,949d11 ,104,883
918,386
92,008 1,006,418
Total operating revenues.. _
99,594
July 1 to June 30
54,503,250 52,776,593 13,222,657 9,446,656 Maintenance
1,143
16,603
1,735
18,497
July 5,183,000 4,436,000 1,448,000
1,127
13,718
1,068
Missouri Pacific_ b
15,519
688,000 Traffic expenses
57,331
69,013
764,117
632,153
9 National Rys of Alex...July 4,968,061 5,582,808 1,300,439 . 2,424,523 Transportation expenses...._ 4,013
General expenses
41,098
44,387
4.373
N Y N H & Hartford_ b_July 5,753,765 5,197,708 2,262,891 1,932,801
Total operating
..713,732
703,573
63,975
842,522
77,723
246,554
235,638
122,855
N Y Susq & Western_ b_June
Net operating revenue.. _ _ _
214,813
22,862
163,895
28,033
2,862,098 2,972,964 1,080,181 1,234,847 One-twelfth of annual taxes_
July 1 to June 30
32,390
3,901
35,430
2,630
July 5,750,356 5,232,852 2,097,521 1,903,354
Northern Pacific_ b
O erating income
182,423
p
128,465
25,402
44,589
678,156
8 931
Pacific Coast
June 657,817
8,468
117,243 Mileage of alifSteam roads_ • 18,65
lines coveredlOther lines_ 7,496,912 7,798,739 1,086,511 1,328,980
July 1 to June 30
363
399
Reading Company-Month of Mag- -.11119 1 to May 31-Phila & ReadIng_b__July 3,984,168 3,476,797 1,410,242 1,116,563
1911.
1912.
1911.
1912.
245,803 dt.223,192
-National Express Co.Coal & Iron Co_ b_ _July 3,063,597 1,679,213
114,055 1,143,240 1,114,106
105,491
Total both Cos_ b_ _July 6,987,765 5,156,010 1,656,045
893,371 Express revenue
Misc. transportation revenue
165,483
Reading Company.. _ _July
163,608 Non-transportation revenue..
4,972
370
347
1,821,528 1,056,979
Total all companies.. July
434
114,425 1,1481,148,2121,118,34 40
rpriv itges-prper__
eceir es from o
105,838
463,963
Express
43,977
424,367
46,601
Southern
_July11,762,301 10,871,887 4,203,251 3,454,337
70,448
684,249
Total operating revenues....
694,073
1,592,547 1,513,121
59,237
Southern Railway_ b__ _July 5,454,833 4,797,308
1,021
9,804
Maintenance
0,700
882
238,905
Mobile & Ohio_ b
896,704
228,697 Traffic expenses
July
942,925
22
15
251,799
Cin N 0 & Tex Pac_ b _July
753,261
287.951 Transportation expenses.-- 49,963
776,810
.18,813
528,260
514,019
3,152
2,972
33,385
34,396
97,690
Alabama Grt South.. b.July
356,344
115,807 General expenses
374,260
Total operating expenses.. _
52,682
54.137
558,116
571,472
34,003
Georgia Sou & Fla_ b_July
191,401
192,291
43,693
Net operating revenue........
6,554
16,311
135,956
112,776
7,583
2,033
Tidewater & Western_ b _July
0,967
822 One-twelfth of annual taxes
448
24
4,330
.5,380
Union Pacifica
July 7,818,585 7,328,350 3,309,448 3,022,216
Operating income
131,626
8;105
16,287
107,396
Mileage of all ISteam roads..
167,421
Western Maryland_a_ _ _June 612,813
606,952
1,408
192,672
1. 422
,
lines coverediOther lines....
July 1 to June 30
218
7,243,057 7,200,931 2,286,625 2,521,281
218
Virginia & Southw_b___July
43,169
123,203
42,622
145,727
• The figures given for monthi of May in preceding fiscal year are for taxes
Wrightsville & Tenn_ b_July
685
20,620
20,144
876 paid out and charged during that month.
July 1 to May 31May
INDUSTRIAL COMPANIES.
1911.
1912.
1912.
1911.
Atl Gulf & W I SS Lines
United States Express Co.$
$
$
$
(subsidiary cos)
202,052
June 1,413,923 1,354,676
210,912 Express
1,802,463 1,732,750 10,041,270 18,336,369
Jan 1 to June 30
9,114,898 8,632,397 1,498,923 1,622,616 Miscell. revenue
transporta. revenue_
302,485
180,255
South Cal Edison Co___July 378,635
295,245
14.048 Non-transportation revenue..
301,930
29,477
27,872
2,478,397 2,070,048 1,187,792 1,042,530
Jan 1 to July 31
Gross receipts from open
18,638,300
1,830,335 1,762,227 19,336,516 Express privileges
838,769 9,049,325 8,877,988
-Dr
895,178
a Net earnings here given are after deducting taxes.
Total operating revenues__
923,458 10,287,190 9,760,311
935,157
b Net earnings here given are before deducting taxes.
Maintenance
22,875
368,240
267,621
36,004
Includes not only operating revenue, but also all other receipts.
Traffic expenses
4
706: 65
18 8 4
Transportation expenses.... 836101
9,077,023 8,331,905
168 581
148 563
g These results are in Mexican currency.
10 '
41,276
552,694
54,017
471,603
The company now includes the earnings of the Atch. Top. & Santa Fe General expenses
Total operating expenses.... 936,567
874,482 10,166,540 9,222,783
By., Gulf Colo. & Santa Fe By., Eastern Ry. of New Mexico System,
48,975
Net operating revenue..
120.649
--1,410
Santa Fe Prescott & Phoenix fly., Southern Kansas fly. of Texas, Texas
537,527
14.613
One-twelfth of annual taxes_
7,935
131.413
109,503
& Gulf fly., G. & I. Ry. of T.., C. S. S. & L. V. RR. and R. G. & E. P.
RR.In both years. -For July taxes amounted to $380,802, against 5322,580
Operating income
A, ' --10,703
--9.345
428,024
In 1911; after deducting which, net for July 1912 was $2,332,179, against mileage of all(Steam roads_
28.816
2R "S
$1,881,546 last year.
..
7,848
lines covered1Olher lines
3,954
--July 1 to May 32--Month of May
1911.
1912.
1911.
1912.
Canadian Express Co.
2,656,066
282,786
232,049
8,347
4,661
60,759
48,856
Gross receipts from oper__
Express privileges Dr
291,134
131,319
238,710
112,086
2,716,825
1,259,777
2,414,761
1,162,350
Total operating revenues
Maintenance
Traffic expenses
Transportation expenses..
General expenses
159,814
9,301
1,329
110,377
7,697
124,614
6,941
1,124
83,373
6,697
1,457,048
70,990
13,318
1,064,880
79,574
1,252,410
43,288
10,776
888,548
74,662
Total operating expenses
Net operating revenue_ _ _ _
One-twelfth of annual taxes_
128,615
31,199
2,500
98,136
26,487
1,200
1,228,764
228,283
24,750
1,017,273
235,137
13,200
Operating income
Mileage of all'Steam roads..
Ines covered 10ther lines
28,949
7,362
2,792
25,287
7,362
2,792
203,533
221,937
ELECTRIC RAILWAY AND TRACTION COMPANIES.
Latest Gross Earnings.
Week or
Month.
Current Previous
Year.
Year.
Jan. 110 Wiest date.
Current
Year.
Roads.
297,235
Nor Ohio Trac & Lt_a_ _July
1,674,571
Jan 1 to July 31
Rio de Jan Tram,Lt&P_July 1,244,274
8,236,730
Jan 1 to July 31
193,214
Western Rye & Light_a_July
1,258,621
1 to July 31
Jan
Schenectady fly. ,
311,085
Apr 1 to June 30
588,615
Jan 1 to June 30
1,208,309
July 1 to June 30
Syracuse Rapid Transit_b432,038
Apr 1 to June 30
854,451
Jan 1 to June 30
1,683,727
July 1 to June 30
Utica & Mohawk Vall_b359.555
Apr 1 to June 30
680,340
Jan 1 to June 30
1,389,198
July 1 to June 30
Twin City Rap Tran_b__July 715,129
4,641,249
Jan 1 to July 31
Underground El Rye, London
tan Distriet_July £64,990
Metropoli
London Eleo By Co_ _July £59,344
London United Trams July £31,750
Previous
Year.
$
398,320 399,207 1,871,872 1,775,041
American Rye Co____ May
47,559 48,519
_ July
987,488
Atlantic Shore Sty__
192,754 186,27 1,055,296
264,649
cAug Elgin & Chic By July
61,590 40,580, 324,157
56,174
Bangor By & Elec Co June
71,510
9,870
12,420
Co June
179,957
Baton Rouge Elea
203,002
37,845 33,517
Binghamton Railway June
50,515
51,369
10,974
11,766
& Plym St By.. June
Brock
2104.914 2089,912 9,477,602 9,067,663
Bklyn Rap Tran Syst May
152,135
181,015
29,448 27,427
Cape Breton Eleo Co.. June
200,229
240,597
36,267 26,980
Carolina Pow & Lt Co July
248,730
257,069
58,157 57,851
Cent Park N & E Riv May
499,342
525,158
88,007 85,468
Central Penn Tree__ _ July
445,955
498,558
89,470 77,910
oga By & Lt June
Chattano
163.718
169,183
39.630 35,705
Cleve Painesv & East Juno
628,712
650,701
110,448 108,614
ClevSouthw&Colum July
235,580
259,699
39,554
45,531
(Ga) El Co June
Columbus
483,418 432,614 2,976.329 2,629,084
COMmonw P. By & L June
555,488
550,336
138,620 150,924
Coney Island & Bklyn May
764.755
841,482
142,342 122,110
Corp_ June
Dallas Electric
6,663,057 5,883,626
Detroit United Ry__ _ 1st wk Aug 230,411 208,433
247,901
255,299
54,224 51,885
D D E 13 & Batt(Rec) May
643,532
656,099
106,668 108,455
Duluth-Superior Trac July
194,426 185,736 1,148.856 1,091,720
East St Louis & Sub_ June
334,035
372,597
60,175 52,470
June
El Paso Electric
208.612
243,232
65,227 53,186
Falrm & Clarks Tr Co Anril
609,898
704,990
161,194 145,630
42dSt M&SNAv(Ree) May
712,203
923,078
171.085 134,934
Galv-Hous Mee Co_ _ June
553,360
591,877
107,237 101,647
Grand Ranlds RyCo_ June
1,646,863 1,547,026
Electric Ry_ Wk Aug 25 46,743 45,326
Havana
Honolulu Rapid Tran
240,219
273,504
45,729 42,767
June
& Land Co
144,468
144.613
27,379 26,940
Houghton Co Trac Co June
308,808 253,148 1,558,755 1,269,774
Hudson & Manhattan May
571,749 535,849 3,502,638 3,249,989
Illinois Traction Co__ June
2267,409 2087,729 18,662,932 17,568,392
Interboro Rap Tran_ July
289,203
301.020
50,174 43,776
Jacksonville Trao Co_ Juno
558,586
587,251
120,914 113,950
Shore Eleo By. Juno
Lake
72,271
73,515
18,466 18,590
May
Long Island Electric_
3,143,111 2,819,469
452,423 418,155
MIlw El Ry & Lt Co. July
616,974
884,651
132,026 127,642
Lt, fit & Tr Co_ July
Milw
631,374
683.697
168,976 161,228
Nashville Hy & Light April
111,797
174,009
39,686 26,362
N Y City Interboro__ May
141,638
143,060
34,838 36,161
& Long tel Trac_ May
NY
468,641
499,185
123,689 121,802
NY & Queens Co_ _ _ _ May
1215,048 1203,401 5,612,564 5,517,625
New York Railways_ May
74,327
82,400
15,828 14,598
Northam Easton& W June
297,235 278,431 1,674,571 1,501,107
North Ohio Trac & Lt July
775,004
795,345
144,974 136.061
North Texas Elea Co_ Juno
23,345
28,610
8,654
9,108
Ocean Electric (L 1). May
126,482
138,137
21,810 20.647
Paducah Tree& Lt Co June
138,850
138,163
23,946 24,742
Electric Co June
Pensacola
1918,940 1856.815 13,275,123 12,653,749
Phila Rap Trans Co__ July
582,964 554,767 3,252,817 3,114,812
Port(Ore)Ry,L&PCo. June
4,084,568 - 660,647
-P_ June
PugetSd Trao,Lt&
124,097
128,648
32,095 32,549
Richmond Lt & RR_ May
Rio do Janeiro Tram
1244,274 1145,938 8,230,750 7,253,711
Light & Power Co_ July
St Joseph (Mo) Ry,Lt
530,322
567,150
93,923 95,021
Heat & Power Co_ June
363,997 283,441 2,576,345 1,967,694
Sao Paulo Tram,L&P July
330,266
363,023
59,928
65,016
Savannah Electric Co June
338,385
371,559
85,295 83,700
Second Avenue (Bee) May
45,206
50,369
11,900
12,099
_ May
Southern Boulevard
113,811
127,728
20,679 18.220
Sou Wisconsin By Co July
89,045
91,916
23,901 25,227
IsI'd Midland_ May
Staten
334,787
370,101
58,813
61,874
Tampa Electric Co__ June
330,693 326,127 1,549,729 1,457,141
Third Avenue (flee).. May
228,792 209,965 1,430,395 1,311,414
TA-City Ry & Lt Co_ June
149,135 4,959,417 4,790,540
Twin City Rap Trim_ 2d wk Aug 158,485
Underground Elm)By
of London- .
£10,285 £462,550 £465,100
r. Three tube lines... Wit Aug 24 £11,500
£404,109
Aug 24
I' Metropolitan Dist_ Wk Aug 24 £10,920 £9,506 £422,944 £227,113
£6,311 £6,968 £216,357
• United Tramways_ Wk
£36,128 £1,664,937 £1,265,640
F • London Gen'i Bus_ Wk Aug 24 £50,842
889,239
963,533
222,458 220,825
May
Union (flee)
272,714 237,408 1,751,310 1,518,456
UnionIty,G&ECo(III) June
1044,441 1016,759 6,988,825 0,841,998
United Rye of St L__ July
691,556 627,469 4,108,112 3,821,135
United RRs of San Fr June
217,694
214,847
51,072 53,523
Westchester El (Bee) May
261,093
287,112
65,544 62,593
Yonkers RR (Bee).. May
108,184
110,170
19,840
20,199
6: Ohio Riv_ June
Youngst
c These figures are for consolidated company.
333,343
659,171
1,396,128
300,064
566,309
1,161,600
129,791
227,880
495,208
117,308
219,238
478,137
400,118
782,088
1,591,681
153,437
294,792
823,117
149,036
274,343
583,335
334,399
627,290
1,298,716
710,067
4,492,019
157,386
285,476
628,439
359,897
2,237,411
151,246
276,755
593,406
372,712
2,225,670
£62,791
£60,938
£35,658
£32,893
£26,870
£12,578
£33,919
£29,051
£16,872
-Bat. of Net Earns.
-Int.. Rentals, &c.
Previous
Current
Previous
Current
Year.
Year.
Year.
Year.
$
$
$
$
z7,455
x9,688
14,583
16,250
Augusta-Aiken By & El July
58,258
57,154
32,524
33,304
Aurora Elgin & Chic_ _ _ _July
x21,060
z19,273
30,239
30,913
Cleve Southw & Col_ _ _ _July
x62,824
x46,992
210,515
213,512
Jan 1 to July 31
z40,235
896,969 z151,276
Interboro Rap Tran_ __ _July 919,036
35,372
28,593
68,167
75,417
July
Louisville Trac Co
268,119
237,398
477,167
522,250
Jan 1 to July 31
27,818
22,671
17,071
25,333
_July
Monongahela Vail Trac_
151,410
137,447
112,136
138,439
Jan 1 to July 31
New York State Rysx320,796
209,165 x302,283
213,448
Apr 1 to June 30
x614,326 Qz584,014
413.913
423,581
Jan 1 to June 30
x1,409,885 x1,271,170
824,796
851,019
July 1 to June 30
93,107
88,947
44,321
50,292
Nor Oh oTrac & Lt_ _ __July
352,653
410,527
310,428
313,217
Jan 1 to July 31
Roads.
Schenectady RyApr 1 to June 30
Jan 1 to June 30
July 1 to June 30
Syracuse Rap Tran RyApr 1 to June 30
Jan 1 to June 30
July 1 to June 30
TwinCity Rap Tran_ __ _July
Jan 1 to Juy 31
Utica & Mohawk Valley
Apr 1 to June 30
Jan 1 to June 30
July 1 ot June 30
-Gross Earnings- -Net Earnings
Previous
Current
Previous
Current
Year.
Year.
Year.
Year.
Roads.
$
18,403
20,163
48,519
47,559
July
Atlantic Shore fly
19,290
23,140
45,623
49,428
Augusta-Aiken Ry &El a July
90,782
90,458
186,271
.
102,754
Aurora Elgin & Chic_b_July
50,694
50,186
108,644
110,448
Cleve Southw & Col_ _.._July
268,630
259,972
628,712
650,701
Jan 1 to July 31
911,388
2,087,729 1,043,308
Interboro Rap Tran_a__July 2,267,409
103,539
104,010
257,609
_July 260,965
Louisville Trac Co..
745,286
759,648
1,787,628 1,734,030
Jan 1 to July 31
44,889
48,004
68,332
79,822
Monongahela Val Trac.b July 466,848
263,546
275,886
404,657
Jan 1 to July 31
911,028
1,728,922
3,552,581
137,428
683,081
615,798
3,741,579
67,472
417,973
Interest Charges and Surplus.
reported this week:
970,882
1,859,755
3,798,678
139,239
278,431
723,744
1,501,107
839,173
1,145,938
7,253.711 4,244,790
74,756
173,042
451,580
1,149,954
a Net earnings here given are after deducting taxes.
b Earnings here given are before deducting taxes.
-The followi
Earnings.
r Electric Railway NetRIC railway gross and ng table gives
net earnings
theireturns of ELECT
New York State flys_ b
Apr 1 to June 30
Jan 1 to June 30
July 1 to June 30
-Gross Earnings- -Net Earnings
Previous
Current
Previous
Current
Year.
Year.
Year.
Year.
2,365,905
Express revenue
Misc. transp rtatlon revenue
Non-transportation revenue_
Name of
Road.
541
THE CIIRONICLE
AUG. 31 1912
391,275
707,218
1,487,161
x90,999
z153,235
x351,262
x82,409
x149,941
z346,541
39,684
78,388
153,815
37,710
75,216
143,177
78,028
156,185
301.623
143,079
998,554
x75,320
x75,901
74,256
x139,505 z102,101
172,794
365,859 x323,457 x173,609
232,433
216,818
140,079
980,554 1,238,857 1,245,116
71,812
149,191
98,908
73,854
147,006
294,215
x85,816
x136.888
x331,223
x77,778
x130,524
x301,126
z After allowing for other income received.
ANNUAL REPORTS.
-The following is an index to all annual
Annual Reports.
aneous
reports of steam railroads, street railways and miscell
31.
companies which have been published since Aug.
reThis index, which is given monthly, does not include
ports in to-day's "Chronicle."
Page.
ItInroadsBangor & Aroosteok RR.(preliminary418
statement)
Boston & Maine RR. (preliminary478
statement)
Buff to Rochester & Pittsb. Ry_357,365
Canadian Pac. Ry.(prelim. statem1).417
Carolina-Clinehfteld & Ohio By.
358
(financial statement July 1)
Ches. & Ohio By.(prelim. statem't)....358
Colo. & Southern (prelim. statem1)._293
297
Cuba Railroad
Duluth South Shore & Atlantic Ry...361
419
Grand Trunk By. (half-year)
977,486
Lehigh Valley RR
478
Mexico North Western By
N. Y. N. H. & Hartford RR.(official
417
te statement)
approxima
N. Y. Ontario & Western By. (pre358
liminary statement)
Norfolk & West. Ry.(prelim. state'0.358
Pere Marquette RR.(prelim.state'0_294
358
St. Louis Southwestern By
louthern Pacific Co.(prelim. state't).358
Underground Elec. Rye. Co. of Lon-478
don, Ltd. (half-year)
357
Union Pacific RR.(prelim. statem1).
Electric RlilwaysRy. .1; Elec. Corp___ _360
Augusta-Alken
_294
Brooklyn Rapid Tran., N. Y City...
Interborough R.T.Co.(pre,.statel)..417
Co.(9 months)..295
Montreal Tramways
New Orleans Ry.& Light co-(0 mos.).298
Philadelphia Rapid Transit Co__233, 294
Electric Railways (Continued) Page.
233
Western Rys. & Light Co
West Penni rae. & Water Power Co.,
358
Pittsburgh
299
Youngstown & Ohio River RR
Industrials
American Light & Traction Co,, N.Y 299
Aroostook Construction Co.(bal.sh.)_237
299
British Columbia Packers' Assn
418
Canton Co. of Baltimore
General Chemical Co.,N.Y.(6 mos.).296
Hartford (Conn.)City Gas Light Co_ _484
296
Inland Steel Co., Chicago
302, 259
Internatonal Harvester Co
477
Co
ehigh Valley Coal
Maritime Coal,Ry.& Power Co., Ltd_233
N. Y. & Kentucky Co (and Subsidi234
ary Cos.,) Rochester
234
Northern Colorado Power Co
234
,
. Limited.Montreal
Penmans
Porto-Rican-American Tobacco Co.
418
(of New Jersey)
Republic Iron & Steel Co., Youngs417
town,0
296
Standard Gas dr Electric Co
479
Houston, Tex
Texas Co.
Tri-State Tel. & Tel.Co., Minneapolis.360
Union-American Cigar Co.,Pittsburgh
479
(half-year)
United States Glass Co., Pittsburgh_ _479
States Steel Corp.(3 &6 mos.)295
United
Virginia-Carolina Chemical Co„Richmond. Va. (President's remarks)_ _360
Westinghluse Machine Co., E. Pitts_ _296
Railway.
1
rr:"'.19Fir Canadian Pacific
for Fiscal Year ending June 30 1912.)
(Report
nt,
• Theiremarks of Sir Thomas G. Shaughnessy, Presidethe
Below are given
will be found on subsequent pages. the balance sheet.
comparative,incomc account and also
OPERATIONS AND FISCAL RESULTS.
1908-09.
1909-10.
1910-11.
1911-12.
9,878
10,271
10,481
10,983
zMiles operated
Operations
9,784,450
13,751,516 12,080,150 11,172,891
Passengers carried, No.1626577067 1457332932 1355266088 1071149528
Passenger mileage
1.88 cts
1.83 eta.
1.93 eta.
1.98 cta.
Rate per pass. per mile,.
$1 49
El 64
El 73
$1 75
Earn, per pass. tr'n mile 25,940,238 22.536.214 20,551,368 16,549,616
(tons) carried
74
Freight
mile_10391650065 8062102013 7772012835 63722691
Frt.(tons(carried 1
0.76 eta
4
0.81 eta.. • 0.77 cts.
0.77 cts.
Rate per ton per mile_
$2.27
:
$2.75j Lt $2.65
frt. trainlmile_Eral $2.87,
Earn. per
542
THE CHRONICLE
1911-12.
$
31,812,208
79,833,734
11,673,599
1910-11.
$
28,165,556
65,645,228
10,357,024
Lxxxxv.
1909-10.
$
24,812,021
60,158,887
10,018,582
1908-09.
$
20,153,001
48,182,520
7,977,800
Total earnings
123,319,541 104,167,808 94,989,490
Expenses
Transportation & traffic 41,803,850 34,160,800 29,861,889
Maint. way & strue's__ _ 17,719,795 15,561,086 13,653,938
Maint. of equipment
13,608,708 12,056,260 12,567,494
General & miscellaneous 6,888,945
5,689,832
5,066,213
ST. LOUIS IRON MTN. oe SOU. RY
.-INCOME ACCOUNT.
1911-12.
1910-11.
1909-10,
1908-09.
Miles oper. end of period
3,315
3,313
3,288
2,609
Operating revenues__ „$30,102,115 $28,567,821 $26,916,891 $23,242,235
Operating expet ses_ _ _ _ 20,186,986 20,581,056 17,618,363 15,818,200
76,313,321
27,692,850
10,074,049
11,080,886
4,509,963
Net oper. revenues__ $9,915,129
Outside oper.-deficit __
$70,866
Taxes
1,132,421
$7,986,7.65
$50,554
1,005,780
$9,298,528
$59,531
894,999
$7,424,035
$26,532
779,044
Operating income
Other income
$8,711,842
566,543
$6,930,431
503,309
$8,343,998
571,519
$6,618,459
602,597
Total
Total deductions
$9,278,385 $7,433,740
7,155,807
6,615,164
$8,915,517
8,431,728
$7,221,056
7,194,545
Balance, surplus
-V. 95, p. 176, 111.
$2,122,578
$483,789
$26,511
EarningsPassenger
Freight
Mall, express, &c
Total expenses
80,021,298
Per cent of operating
expenses to earnings_ _
(64.89)
Net earnings
43,298,243
SS. earnings in excess of
amts. in mthly. stat's 1,104,449
67,467,978
61,149,534
53,357,748
(64.77)
36,699,830
(64.38)
33,839,956
(69.92)
22,955,573
1,118,350
909,235
399,909
Total
DeductInt. & s. I., incl. div. on
0. & Q. By.stock_
Int. on debenture stock..
Rentals & miscellaneous
yDiv. on common
Rate of div. on corn.. _
Div. on preferred (4%)_
Int. on Installments on
new stock subscrip
For SS. & pension fund_
44,402,692
37,818,180
34,749,191
23,355,482
3,692,328
6,024,478
808,131
12,600,000
(7%)
2,592,235
3,684,294
5,588,889
737,888
12,600,000
(7%)
2,253,867
3,575,728
5,449,536
891,676
9,750,000
(634%)
2,214,933
3,482,079
5,034,631
910,323
9,000,000
(6%)
2,107,867
1,125,000
1,080,000
417,179
980,000
880,000
Total
Balance, surplus
26,842,173
17,560,519
25,944,938
11,873,242
23,279,053
11,470,138
21,414,900
1,940,583
I • x This is the miles operated at close of year on which operations given
are based.
V Also 1% extra paid in 1908-09 and 1909-10 from special Income, viz.:
34% April 1 and
% Oct. 1; in 1910-11 2.1% extra, viz.:
and 4% each In April, July and Oct. 1911, and in 1911-12 3%H% in Jan.
extra(
quarterly-see also below.
DETAILS OF SPECIAL INCOME FOR YEARS ENDING JUNE 30.
Interest received from1911-12.
1910-11.
Cash proceeds and deferred payments for land sold_$1,817,774 $1,688,171
Deposits and loans
605,140
1,030,378
Canadian Pacific By. 1st M. bonds acquired
61,612
61,004
Minn. St. Paul & Sault Ste. Marie By. bonds
159,720
159,720
Duluth South Shore & Atlantic By. bonds
100,000
150,000
Mineral Range By. bonds
50,160
50,160
Toronto Hamilton Fe Buffalo By. bonds
10,840
10,840
Kingston & Pembroke By. bonds
13,320
9,345
Dominion Government bonds
182,500
182,500
Ontario Government bonds
48,000
48,000
British Consols
114,569
116,544
Montreal & Atlantic Ry. bonds and other securities
174,312
139,922
Dividends on
St. John Bridge Fe By. Extension Co.stock
50,000
50,000
Dominion Express Co. stock
160,000
160,000
Minn. St.Paul & S. S. M. By.common stock
890,645
736,071
Minn. St. Paul & S. S. M. By. preferred stock__ _
445,326
368,039
Alberta By. & Irrigation Co. stock
245,242
86,162
West Kootenay Power & Light Co. common stook_
27,500
West Kootenay Power & Light Co. pref. stock__ _ _
1,925
$5,158,585
Balance beginning of year
$2,702,205
Transfer of balance of int. from land surplus at
• June 30 1910
$5,046,856
$7,860,790
Dividends (3% in 1911-12 and 23
,
1% In 1910-11) _ _ 5,400,000
$6,602,205
3,900,000
z In addition to the above assets, the company owns 6,660,581
acres of
land in Manitoba, Saskatchewan and Alberta (average sales
past year
$15 99 per acre), and 4,395,948 acres in British Columbia.
-V.95, P. 418.,
Missouri Pacific Railway.
(Preliminary Statement for Year ending June 30'1912.)'
COMBINED RESULTS OF MISSOURI PACIFIC AND
ST. LOUIS
IRON MOUNTAIN ee SOUTHERN.
(Including Predecessor Companies of Present Mo.Pac. Prior to
Aug.9 '09.)
1911-12.
1910-11.
1909-10.
1908-09.
Gross earnings
$54,503,250 $52,776,593 $53,019,137 $46,385,543
Operating expenses
41,280,592 43,329,936 37,547,372 33,926,513
Net earnings
$13,222,652 $9,446,657 $15,471.765 $12,459,030
Outside oper.-net def
120,852
86,082
97,084
43,327
Taxes accrued
2,243,379
1,983,789
1,903,004
1,715,758
Operating Income_ ---$10,858,427 $7,376,788 $13,471,677
$10,699,945
Other Income
2,237,460
1,809,557
1,893,731
1,694,043
Total
$13,095,887 $9,186,344 $15,365,408 $12,393,988
Total deductions
15,074,977 14,418,882 12,605,997 11,329,479
Balance for year
def.$1,979,092df.$5,232,539sr.$2,759,411sr.$1,064,509
The American Agricultural Chemical Company, New York.
(Report for Fiscal Year ended June 30 1912.)
Treasurer Thomas A. Doe, Aug. 23, wrote in substance:
Results-After deducting all charges, including interest, bankers' commission on issue of pref. stock, betterments and renewals, and setting aside
$626,066 as reserve for freighte, losses and contingencies and $50,000
for
fire insurance, there remained as net profits for the year $2,554,185, from
which were deducted one semi-annual and two quarterly dividends on
the pref. stock and two quarterly dividends on the common stock, aggregating $1,562,582, leaving a net balance of $991,602 for the year.
New Stock.
-In accordance with resolutions ratified by the stockholders
in March 1912, $6,000,000 of additional pref. stock was issued, of which
amount $3,477,900 was subscribed and paid for at par by the stockholders,
the remaining $2,522,100 going to the underwriters.
Appraisal of Company's Plants.
-This work, in which Westinghouse,
Church, Kerr & Co. have been engaged for more than a year past, has been
completed. They have made a thorough examination of all our manufacturing plants and warehouses and have rendered detailed appraisals,
aggregating $13,342,755 (against the book values of these properties of
$10,917,028.) The engineers' letter says: "This figure represents the
present sound value and Is equivalent to a repladement cost less depreciation. Our appraisal has been made after a careful examination
ground of each plant in detail by our engineers. The real estate on the
values
have been determined after consultation with local real
selected by us. We find that your plants are at this time estate experts
in a generally
high state of efficiency and that the local management of these
plants
is almost without exception good."
Trade Marks, Good Will, &c.
-Account Largely Reduced.
-Value Of
Florida Phosphate Lands.-Inasmuch as this independent
appraisal
represents the present sound values of these properties,
the
have decided to place the same upon the books of the company, directors
charging
off the increase to brands, trade-marks and good-will account.
The company's holdings in Florida amount to over 108,000
acres. A
portion of these lands has been thoroughly prospected, and
deposits aggregating more than 75,000,000 tons of mineable phosphate rock
have been
located. The examination of these properties has
been
than that commonly employed in prospecting other far more reliable
minerals. From
numerous borings on every acre prospected, the phosphate
is extracted,
washed, dried, weighed and analyzed• thus
the tonnage per acre and the analyses of thethe extent of the deposit.
'
phosphate are easily computed. A conservative estimate (based on recent transactions
In such
properties) would fix the value of these lands at
$15,000,000. While
the company has been carrying these properties over
at
tors have decided to place their real value upon actual cost, the directhe books, making a
corresponding decrease in the good-will account.
1,555,349
$2,460.790
Note.
-The payments to shareholders from special income 82.702,205
ending June 30 1911, given above, consist of those made onfor the year
Oct. 1 and
Dec. 31 1910 and Apr. 1 and June 30 1911, as shown In the
pamphlet
for that year. The payments from special income corresponding report
to the
dates of the dividends deducted from regular (railroad, &c.)
for the year 1910-11, namely, those made on Dec. 31 1910, April operations
1, June 30
and Sept. 30 1911, aggregate 255%. The last named is the amount
,
of extra dividends shown as paid from special income in the foot note to
the table
showing railroad operations above.
BALANCE SHEET JUNE 30.
1911.
1912.
1910.
Assets
Cost of road and equipment
382,829,051 343,595,230 317,226,266
Ocean, lake and river steamships_ __ _ 21,338,974 19,679,674
18,460,161
Acquired securities held
80,525,353 75,979,653 69,076,971
Real estate, hotels, &c
8,378,358
6,180,693
6,473,845
Due on land sold and townsites
41,468,822 34,116,421 27,942,113
Advances and investments
12,360,998
9,637,202
9,432,084
Agents, conductors, &c
4,805,132
2,628,584
2,259.545
Miscellaneous accounts receivable.... _ 5,023,469
5,421,315
4,690,849
Advances to lines under construction 16,654,402
8,996,904
3,485,436
Materials and supplies
13,017,432 11,191,254 10,948,467
Temp'y invests. In Dom. Govt. sec's_ 10,088,735 10,088,735
10,088,735
Cash
33,628,819 34,371,551 46,165,817
zTotal assets
628,119,545 561,887,216 526,250,289
Liabilities
Common stock
180,000,000 180,000,000 150,000,000
Subscriptions to new stock
16,806,621
23,530,085
Preference stock
66,695,0975f:1Y76;6(16 55,616,666
Consolidated debenture stock
153,823,707 142,861,462 136,711,616
Bonds (see "By. & Indus." Section)_ 38,648,633 38,648,633
39,621,967
Current accounts
23,545.335 17,203,652 14,549,196
Interest and rentals
1,391,702
1,392,317
1,404,753
Sales of land and town sites
57,538,308 49,258,770 43,762,195
Equipment replacement fund
2,103,994
2,658,364
2,678,039
Equipment obligations
1,040,000
1,200,000
1,360,000
Approp. for add'ns & impts
3,535,712
7,119,286
6,295,421
Reserve fund for contingencies
4,382,618
4,052,906
3,809,839
Steamship replacement fund
5,721,852
5,040,667
4,040,667
Surplus
72,885,966 55,374,493 42,869,846
Total liabilities
628,119,545 561,887,216 526,250,289
$818,576
Profits fromProperties owned
controlled
Other sources
INCOME ACCOUNT.
1911-12.
1910-11.
1909-10.
$
and
x2,850,425 x3,256,056
3,587,223
379,826
174,180
180,502
Total income
3,230,251
Less res've for fr't, &c..
626,066
Reserve for fire insurance
50,000
Total
676,066
Profits
2,554,185
6% on preferred stock.._ 1,209,363
Common dividends(2%)
353,220
1908-00.
$
3,018,148
165,527
3,430,236
650,319
100,000
3,767,725
759,851
100,000
3,183,675
528,407
260,770
750,319
2,679,917
1,143,114
859,851
2,007,874
1,137,654
789,177
2,394,498
1,116,957
Surplus
991,602
1,536,803
1,770,220
1,277,541
x After deducting other interest charges and repairs and renewals,
and
In 1911-12 also bankers' commission, amounting to $531,210
in 1911-12.
against $444,953 in 1910-11.
BALANCE SHEET, JUNE 30.
Assets1912,
1911.
1910.
Land, buildings and machinery
$12,494,496 $9,586,174 $8,175,769
Lighters, tugs, tools, ece
1,743,953
1,040,467
057,043
Stocks and bonds
2,800,0001 3,641,309
2,635,832
Other investments
50,2001
Mining properties
16,803,943
3,885,912
3,883,476
Brands, patents, good-will, &43
Sinking fund (amount unexpended( .. 4,034,611 15,651,547 15,984,869
17,047
668
534
Accounts receivable
13,422,400 11,672,047 11,675,418
Bills receivable
3,698,209
3,873,902
2,943,628
Merchandise and supplies
8,961,871
7,800,300
4,729,408
Expenditures chargeable to future
oper., unexpired insur., taxes, &o_
458,388
254,024
163,324
Payments on goods in transit
73,209
Cash in bank and in transit
1,485,739
1,574,693
1,079,614
Total assets
$66,146,550 $58,805,440 $52,302,124
Liabilities
Stock, common
$18,330,900 $16,991,300 $16,991,300
Stock, preferred
27,087,700
Acc'ts payable, acc'd int. & taxes ____ 1.026,978 19,206,400 19,013,400
977,514
806,558
First mtge. convert, gold bonds
10,578,000 11,087,000
7,573,000
Bills payable
2,345,000
1,100,000
Reserve for freights, losses, &c
1883,687
986,082
876,129
Reserve for renewals, fire Ins., &e__
642,183
473,040
606,644
Profit and loss, surplus
7,507,102
5,468,697
6,605,500
Total liabilities
$66,146,550 $58,805,440 $52,302,124
-V. 94, p. 1121.
Indiana Lighting Co., New York.
(Report for Fiscal Year ending Dec. 311911.)
President Charles F. Dieterich says in substance:
Artificial Gas.
-The artificial gas plant at Lima has been completed.
Necessary additions have been made to the works at Fort Wayne, Peru.
Lafayette and Frankfort; the manufacturing plants are now In thorough
operating condition. Street mains and services have been extended to
care for the growth of the various cities; 3,228 meters have been added
to the artificial gas department, making at the present time a total of
24,278 artificial gas meters.
Natural Gas.
-For the past six years natural gas has been supplied tothe cities of Lima, Wapakoneta, Celina, St. Marys and Coldwater, Ohio,
from Licking County, Ohio, gas field, located a distance of 106 miles from
Lima. As the volume and pressure of the field had been gradually decreasing, Indicating a shortage for the winter of 1911 and 1912, a contract.
was made with the Medina Gas & Fuel Co. to secure a supply from a
field recently opened in Medina County County, Ohio. A new line of gas
10inch pipe has been constructed by the Medina Company for a distance
of 55 miles, and 15 miles of 10-inch pipe has to be taken up and relaid
by the Indiana Lighting Co., to connect this line with the old line at a
point about 30 miles east of Lima, Ohio.
-The sompany sells electric current only in Lafayette,
Electric Light.
Ind., at which point it purchases current and acts as distributor, having
no manufacturing plant of its own. The gross business for the past year
is $46,676, being an increase of 10% over 1910.
-These arc In excellent shape, and the relations between
Franchises.
is
the company and the various municipalities is most cordial. There
no litigation pending.
COMPARATIVE STATEMENT OF EARNINGS OF THE INDIANA
LIGHTING CO. AND SUBSIDIARY COMPANIES.
1911. 1910.
1911. 1910.
5
$
5
$
Gross Earnings614,264 527,823 Less oper. expenses.658,852 647,163
Artificial gas
21,026 20,542
318,805 346,642 Less taxes
Natural gas
46,676 42,047
Electric light
335,076 262,311
35,209 13,504 Net earnings
Miscellaneous
Interest on bonds 119,864 120,000
Total gross_ _ _ _1,014,954 930,016 Contingent fund__ _ 30,000 30,000
185,212 112,311
Net surplus
Balance sheets and complete financial and operating reports are on file
Rector St., N. Y.,) and open for inspection by shareholders
at the offices (2
•
at any timc.-V. 95, p. 179.
Montreal Water & Power Company.
(Report for Fiscal Year ending April 30 1912.)
Pres. Edwin Hanson, Montreal, June 27, wrote in subst.:
-The gross earnings from the sale of water continue to
, General Results.
$506,504,
.show a most satisfactory increase, the total for the year being that the
an increase of $74,353, or over 17%. It is now reasonably certain 5 years
total
estimate that gross earnings will reach amark. of $750,000 in
and $1,000,000 In 8 years is well within the
From the profits of $32,822 brought forward from last year there was
to the
paid a dividend on the income securities, leaving $5,957 to be added
$283,561. Out of
$277,604 net profits of this year. or a total of was paid, leaving athis latter
net profit
net interest charge,
sum, $132,575, being the
the
employed
of $150,986. This balance was $32,912 onin further strengthening due
account of the premium
various reserves, as follows, viz.:
bonds and the discount, &c., on the prior lien
at maturity on outstanding
bond issue; $20,000 for possible bad debts; $05,000 to the general reserve
account for depreciation, &c., and $1,897 for special depreciation. This
still leaves $31,177 to be carried forward, out of which it is proposed to
make a further distribution to the income security holders.
-Your company Is in a strong financial position, having met its
Status.
large capital and operating expenditures promptly, leaving cash on hand
of $224,293, besides convertible securities to the amount of $154,922. by
-The new filtration system was so far completed
New Construction.
June 8 1912 that filtered water was supplied to Westmount on that day
since. The delay in completion of the first half of the
and continuously
new reservoir is most disappointing, for it defers the time when the pumping
can be accomplished on the most economical basis. About 11 miles of new
mains were laid, the most !Important a 48-inch and 36-inch supply main
Total
from the new reservoir to the distribution system of Laurier Ward
length of pipe in entire system approximately 157.61 miles; average size of
pipe 12.51 Inches. Total number of new service connections laid 3,915,
bringing the total services up to 41,620. The population served has increased from 62,300 in 1899-1900 to 230,200 in 1911-12. The new 10,000,000-gallon pump has been installed and is now in operation. Two
more pumps, identical with the last, have been ordered,and when installed
(probably in October next) will place the pumping plant at St. Gabriel
Station in an exceedingly strong position.
-The intensely severe weather conditions of the past
General Conditions.
winter, coupled with the lack of snow covering, resulted in the operating
expenses of that period being largely increased. The frost was in the earth
to a depth of about 9 feet, and consequently there was an abnormal number of frozen services requiring repairs, and the pumping charges were increased, owing to householders wasting large quantities of water to prevent
further freezing within their houses. The consumption of water per capita
was the highest in our history; increase over 1910-11 being about 10%.
INCOME ACCOUNT FOR YEAR ENDING APRIL 30.
1911-12.
1910-11.
1909-10.
$506,504
$432,151
$388,122
Gross profits for the year
228,900
164,637
149,685
Oper., maint., legal, gen. & other exp.
$277,604
Net profits
DeductInt. on bonds, &c., paid and accrued_ •$132,575
Added to reserve acct. for prem. at
maturity of prior lien bonds and
Int.; also year's proportion of dis32,912
count & exp. on sale of bonds, &e..
Int. on new works during construction
65,000
Depreciation, &c
20,000
Provision for bad, &c., debts
26,865
Div. paid on income securities (2 84%)
1,897
Miscellaneous
Total deductions
Balance, surplus or deficit_
543
THE CHRONICLE
Aim. 311912.]
$279,249
def.1,645
$282,466
$223,485
$142,632
$136,982
23,549
25,284
42,000
17,500
26,865
14,537
42,500
2,000
26,865
$277,830
sur.$4,636
$222,884
sur.$601
•After deducting interest received and amounts charged on unfinished
construction works, $56,835.
BALANCE SI-FET APRIL 30.
1912.
1911.
1911.
1912
Liabilities.488eT3
rdinar v shares_ __ 280,000 280,000
Franchises, real estate, &c.(cost)._ _6,356,325 5,603,74' Preferred shares_ _ 500,000 500,000
te. Cunegonde 5%
Prior lien 484s in trees 154,922 225,4p
debentures
250,000 250,000
Disc. & exp. of prior
Prior lien 41.4% bds_4,538,167 3,647,080
lien bonds (written
405,801 312,191 1% non-cum. seeur's
off yearly)
Accounts receivable_ 130,873 143,978 (income up to 1912)1,074,596 1,074,596
Accounts, bills payStable, stock, furni20,15f
able, loans &c_ _ 241,350 367.655
ture, tools, coal, &e 22,630
11,566
22,115 Accrued int. & wages 71,585
55,623
Pipes, fittings,
1,358 Res've for dep'n, &e. 308,286 227,328
2,613
Unexpired ins., &c
13,863
13,863
224,293 119,939 Suspense account_
Cash
31,177
Profit and loss
32,822
-Your company has purchased 9,648 of the
Northern Navigation Co., Ltd.
10,000 full-paid shares of capital stock. The acquisition is proving of
material benefit (V. 93, p. 168). [In June 1912 also took over the management of the Niagara Navigaticur Co., Ltd., Thousand Island Steamboat Co.
and the St. Lawrence River Steamboat Co., Ltd.]
INCOME ACCOUNT YEARS ENDING DECEMBER 31.
1910.
1911.
1910.
1911.
Net profits
$448,241 $363,116 Dividends ____(634)271.573(51,4)164,430
Written off steamTotal deductions $400.457 $350,352
ers, deprec., &c_ $92,884 $124,922
$12,764
61,000 Balance, surplus__ 847,784
36,000
Insurance fund
BALANCE SHEET DECEMBER 31.
1910.
1911.
1910.
1911.
Liabilities
Assets
Capital stock
5,311,875 3,132,004
Steamers,real estate,
4,774,396 4,774,019 Bonds,5% sterling_ _1,233,633 1,160,700
buildings, &c
Accounts payable..__ 72,234 103,759
Stocks and bonds_ _ _1,507,957
72,018
Bank loans
Bonds in treasury_ _
13,560
159
175
99,884 Unclaimed dividends
Accounts receivable_ 224,478
19,345
18,939
79,403 Accrued fixed chges_
Coal, stores, &c_ _ _ 74.975
275,990 229,141
Insurance fund
455,800
Collateral loans
439,299 391,465
Surplus
24,921
Cash on hand
Insur. fund invest't_ 275,958 155,281
Total
7,352,045 5,108,587
-V.94, p. 1511. 1190.
Total
7,352,045 5,108,587
RAILROADS, INCLUDING ELECTRIC ROADS.
Argentine Central Ry.-Re-sale of Road by Sheriff.
The road was re-sold to William J. Rogers on Aug. 24 at Sheriff's sale
for $20,002, or $2 in excess of the amount fixed in the order setting aside
the previous sale on June 15.-V. 95, p. 47; V. 94, p. 1694.
-Annual Meeting.
Atchison Topeka & Santa Fe Ry. Co.
The stockholders will vote Oct. 24 on approving:
The sale to Southern Pacific RR. of the stock and indebtedness of (a)
Sonora fly., Ltd., and (5) New Mexico & Arizona RR.
The acquisition of the stock and indebtedness of the California Arizona &
Santa Fe fly. Co. and Dodge City & Cimarron Valley Hy., of the stock and
bonds of the Verde Valley fly. and of the railroad and physical property
of the Eastern fly. of New Mexico.
The mortgage made between the company of the first part, the California
Arizona & Santa Fe Ry,of the second part and Guaranty Trust Co.of N.Y.
trustee, of the third part, dated March 11912.
The two leases, each dated March 1 1912, executed to the company by
the California Arizona & Santa Fe fly., one leasing to this company the
line extending from Needles to Mojave, Cal., and the other all other lines
of the California Arizona & Santa Fe fly. Co.
The execution on behalf of the company of the lease dated Jan. 1 1912,
made by Southern Pacific RR. Co. to the California Arizona & Santa Fe
fly. Co., of the line extending from Mojave to Bakersfield, Cal., and of
the instrument dated Jan. 1 1912 whereby the Cal. Ariz. & Santa Fe fly.
has transferred its rights under said lease for the time therein provided for
to this company.
The acquisition of stock and indebtedness of (a) the Sunset Western By.,
(6) the Sunset RR. and (c) Sunset fly. Co., a consolidation of said companles.-V.94, p. 1761.
-The company has sold
Bay State Street Ry.-Notes Sold.
to N. W. Harris & Co. Perry, Coffin & Burr and Merrill,
Oldham & Co. $2,000,000 5% serial notes dated Aug. 15 and
maturing annually on Aug. 15 from 1913 to 1932, inclusive.
-V. 95, p. 418, 360.
-Plan Operative.
Brazilian Trac., Light & Power Co., Ltd.
Notice is given that a large majority of the shares of the Rio de Janeiro
Tramway, Light & Power Co., Ltd., the Sao Paulo Tramway, Light &
Power Co., Ltd., and Sao Paulo Electric Co., Ltd., satisfactory to the
hoard, has been deposited for exchange as provided by the circular letter
dated July 15 (V. 95, p. 175), and the board has accordingly declared the
exchange effective. All shares of the above-named companies already
deposited for exchange, and any further shares deposited before Sept. 1,
will be exchanged for shares of the Brazilian company on the basis specified
In said circular, and certificates or share warrants will be issued in exchange
on and after Oct. 1 in accordance with the conditions of the deposit certificate.
-V. 05, p. 175.
-Stock Pledged.
Chattanooga (Tenn.) Railway & Light Co.
-V.89, p. 846.
Bee Tennessee Power Co. under "Industrials' below.
-Proposed
Chicago's New Union Passenger Station.
Facilities for Pennsylvania, C. B.- & Q. St. Paul and Alton
'
-The "Railroad & Engineering Review" of Chicago
Lines.
of Aug. 24 had the following particulars regardirg the new
passenger depot that is to be built and operated by a union
depot company, in which each of the following five roads
using the station will own a one-fifth interest (instead of being
tenants of the Pennsylvania), namely the Pittsburgh Fort
Wayne & Ghicago, the Pittsburgh Cincinnati Chicago & St.
Louis (both Pennsylvania RR. lines), and the Chicago Burlington & Quincy, the Chicago Milwaukee & St. Paul and the
Chicago & Alton:
During the past four years it has been currently known that plans were
under consideration for a new passenger station to replace the present union
station, at Canal and Adams streets, in Chiacgo. The present station,
which handles more passengers than any other one in Chicago, is of antiquated construction and for half a generation has been entirely inadequate
in capacity. It is used by the Pennsylvania Lines, the Chicago Burlington
& Quincy RR., the Chicago & Alton fly. and the Chicago Milwaukee &
St. Paul By. A committee composed of Vice-Presidents of these roads was
appointed some time ago to co-operate with architects and select plans for
a new terminal station. The firm of D. II. Burnham & Co. have been the
Total
7,309,024 0,448,967 architects employed, and last week, by authority of the Pennsylvania, this
7,309,024 6,448,967
Total
Tn addition to the liabilities set forth in the above statement, there exists a lia- concern gave out the general plans for the new terminal and station.
bility to the city of Montreal (formerly the town of St. Louis du Mile End), offset
It is now announced that the new station will occupy an entire city block
by additional assets of exactly the same amount, representing a further pipe system bounded by Adams, Canal, Clark, Clinton and Jackson (Boulevard) streets,
that is to be taken over by the company.
-V.94, P. 355.
or cornering to the southwest on the site of the present station. The architects estimate that this improvement, including the terminal project, as
Richelieu & Ontario Navigation Co., Montreal.
well as the station proper, will cost in the neighborhood of $35,000,000.
The plan for the station comprises the main terminal building, located as
(Report for Fiscal Year ending Dec. 31 1911.)
above stated; a train-shied and suburban station below street level, in
territory between Adams, Jackson and Canal streets and the south branch
President Rodolphe Forget says in substance:
of the present union station; and an entrance from the elevated loop railway
-The gross receipts were $1,556,160 [being an increase of
Results.
district to the suburban station by a subway under the Chicago River.
$118,229] and the net profit, after fixed charges, &c., was 5448,241, an
In general the building will follow the lines of the new terminal of the
Increase of $85,125. The quarterly dividends paid were: March 1, 1 )4%, Pennsylvania RR. in New York City. No tracks will enter the station
$46,080; June 1, 134%, $46,980; Sept. 1, 134%, $72,506; Dee, 1, 2%, proper, as a subway will be constructed connecting the station with the
$105,106.
train-sheds. The station will be 400 ft. long and 320 ft. wide, and will be
-The authorized capital stock has been increased to $10,000,000 either five or six stories high. It will be built of white concrete, with an
Stock.
and the paid-up capital has been increased by $2,179,875, to provide for arched roof. In front the building will be 64 feet high and in the rear
expansion and purchase of Northern Navigation Co. (See V. 92, p. 1440). another two stories will be added, making the rear 90 feet high. The en.
Shareholders of record May 31 were permitted to subscribe at par for a trance will be similar to that of the New York terminal, with wide arches,
further $1,098,500 to the extent of one share for every four held, subscrip- supported by ornamental pillars. The suburban accommodations can now
tions payable 10% June 15, 30% July 15, 30% Aug. 15, 30% Sept. 15.
be improved to meet an urgent demand which has been growing steadily.
-The new steamer Rapids Prince for the Rapids Division
Steamers, &c.
For several months the Pennsylvania Company has quietly, and through
went into commission June 1. The new twin-screw passenger and freight various agencies, been acquiring lots in the block decided upon for the new
'steamer Saguenay arrived from Glasgow under her own steam June 26, and terminal, and it is said that in this way title has been acquired toall but two
Quebec, Murray Bay, Tadousac and the lots in the block. These are to be obtained by condemnation proceedings
is running direct from Montreal to
Saguenay River, in connection with the hotel and tourist traffic. (The which will be filed In the near future. It Is announced that construction will
fleet on Dec. 31 1911 Included 21 steamers,,aggregating 36,713 tons. The be commenced as soon as all the land shall be acquired and the plans commarket lino and ferries included 8 steamers, 6,572 tons; remaining 13 all pleted in detail. [See picture "Railway Age Gazette", N. Y., A g. 30.)
steel, 30,141 tons.)
-Favorable Status.
Denver Laramie & Northwestern RR.
The company's hotels. the Manoir Richelieu and Tadousac were well
Judge Riddle in the District Court on Aug. 21 continued until Aug. 27
patronized. It is gratifying to report the steady growth of the tourist
the hearing on the application of the receivers to borrow $50,000 on their
and general traffic.
544
THE CHRONICLE
Fertificates on the company's protest against the issue of the same. The
"Denver Republican" says that it was 'officially announced at the hearing
that the receivership could in all probability be lifted within two weeks,
the financial condirion of the road being better than for years and the future
looking good for a prosperous business. The directors, it Is said, asserted
that if the receivers were permitted to borrow money it would tend to lessen
the chances of lifting the receivership and restoring the road to its original
owners.
-V. 95, p. 110.
• Denver Northwestern & Pacific Ry.-Receiver's Certifi-Judge Riddle in the District Court on Aug. 23 authorcates.
ized the receivers to issue $50,000 receivers' certificates to
build snow sheds, sidings and spurs along the road. It is
proposed to apply shortly for permission to issue $250,000
additional certificates.
-V. 95, p. 480, 361.
Eagles Mere Ry.-Mortgage Authorized.
-
The company, a reorganization of the railroad of the same name, has
authorized a mortgage to secure an issue of $100,000 30
-year 5% bonds.
Stook authorized, *50,000; par, $100. Officers: Pres., H. Laussat Geylin;
Vice-Pres., Joel de Victor; Sec., S. S. Garwood; Treas.. El. S. Chase. Office, Williamsport, Pa.
[VoL. Lxxxxv.
and Greenfield Ave.. and an extension upon the %Veils-Farwell lines from
Hawley Road to 62d and Greenfield avenues.
(3) Single fare for ta-st Milwaukee, being an extension upon the WellsFarwell line from Edgewood Ave. to Mineral Road in East Milwaukee.
(4) Single fare for portions of Wauwatosa, being an Cs tension upon the
Wells-Farwell lines from Hawley Road to 59th Ave. and Wells in Wauwatosa, and an extension upon the Walnut-National line from 48th St. and
Pabst Ave. to Spring St. and Pabst Ave. at the city limits of Wauwatosa.
(5) The affirmance of the recommendation of the industrial commission's
increased wages for conductors and trainmen.
(6) Dismissal of the petition for a universal double transfer as impracticable, and the application for reduced fares to Waukesha.
The commission finds that a reduction in fares has only been possible on
the basis of the earnings of 1911. and that a further reduction Is impossible,
because the company will be compelled to expend from $150,000 to $250,000 as interest and depreciation on paving involved In the paving suit
recently decided in favor of the city.
The briefs were submitted by the counsel for the city Nov. 26 1910 and
by counsel for the company June 7 1911, oral argument being held June 15
1911.-V. 95, p. 481.
Minneapolis St. Paul & Sault Ste. Marie Ry.-Listed.The New York Stock Exchange has listed $1,520,000 additional 1st consol. M. 4s, which were
Erie RR.
-Sale of Equipment Trust 43's.
-Drexel & Co, p. 351), making the total amount offered in Feb.last(V.94,
listed $52,225,000.
Philadelphia, recently offered on a basis to yield 4.70%
The bonds just listed were issued at the rate of $20,000 per mile to
income the issue of $2,160,000 equipment trust gold 432% 76 miles of new road, viz.: 69.72 miles from the town of Frederic, Polkcover
Co.,
Wis., to Boyleston
point in
Wis., and
certificates series "R" dated Aug. 1 1912. Commercial from a point aboutJunction, anorth of Douglas Co.,Boylston, an extension
two miles
the town of
Douglas Co.,
Wis., to an ore dock located on St. Louis Bay in the City of Superior,
Trust Co. of Philadelphia, trustee.
Dated Aug. 1 1912. Interest F. & A. Principal due in semi-annual in- Douglas Co., Wis., 6.28 miles.
stallments of $108,000 beginning Feb. 1 1913 and ending Aug. 11922. Will
Earnings.
-For the fiscal year ending June 30 1912:
be secured by new equipment as follows: 25 open-vestibule suburban
Fiscal
Gross
Net (after
Other
Interest, Dividends
Balance,
coaches, 11 combined passenger and baggage cars. 500 coke racks, 40
-ton
Year. Earnings. Taxes). Income.
Rentals,Ac. Paid.
Sur.orDet.
capacity; 300 30
-ton automobile cars, and 50 Mikado engines. It Is estimated that the above equipment will cost $2,632,870.-V. 95, p.297, 236. '11-'12$17,105,686$6,396.142$1,058,236$3,230,089$2,417,037sur.$1,807,253
'10-'11 13,135,908 3,920,607 913,204 3,002,384 2,187,360def. 355,933
Fonda Johnstown & Gloversville RR.
Interest, rentals, &a., In 1911-12 include: Rentals of terminals, $124,-Report.---June 30.
Tot. Oper.
Total
Net
Other
Divs. Balance, 397; interest on bonds, $2,507,440: interest on equipment notes, $152,415;
Year
Revenue. (afterTaxes).Income. Deductions. Paid. Surplus. interest on Wisconsin Central leased line certificates. $445,837. Dividends
1911-12
$932,168 $427,072 $38,094 $363,505 $80,000 $21,661 Include 7% yearly on each class of stock, being $805,679 on preferred and
1910-11
361,614
946,366
35,023
460,895
80,000
54,304 $1,611,358 on common In 1911-12, against $729,120 and *1,458,240, reDividends include yearly $30,000 (6%) on the pref. stock and $50,000 spectively, in 1910-11.-V. 95, p. 481.
(2%) on the common.
-V.95, p. 110.
New York Central &
Hudson River RR.
-Possible FreightGuayaquil & Quito Ry.-7th Amortiz.for Prior Lien Os.
- Car Shortage.
-General Freight Agent Ira H. Hubbel, in a
circular to shippers, says:
The seventh amortization of the 6% prior lien M. gold bonds was to take
place by tender in London on Aug. 17, amount available £6,540. Compare V 95. p.410.
The large crops, improved business situation and other conditions indicate that within 60 days the freight traffic will far exceed the available car
supply, and shippers are urged to use the present ample supply of equipThe London Stock Exchange has granted official quotation to $2,230,000 ment and save themselves trouble and
first lien 5% 30-year gold bonds Nos. 1 to 2,230; and to $6,264,800 com- materials as are available and must financial loss by shipping now such
move this autumn. Receivers of
mon stock. See V. 93. p. 1532, 1668; V. 94, p. 630.
freight are urged to fill their storage space to capacity, and therefore avoid
losing sales and customers by Inability to obtain goods and customers by
International Rys. of Central America.
-First Pref
.- inability to obtain goods promptly in the autumn and winter. This refers
An initial quarterly dividend of 1 X % was paid on the $10,000,000 5% particularly
to carload shipments of fuel, raw materials and manufactures,
cum. pref. stock (par $100) on Aug. 15.
There are also outstanding $30,000,000 ordinary shares. These last, American Railways Association Bi-Weekly Report of Idle Freight Cars.
along with *2,931,879 of the pref. shares, were given in part payment
Aug.15. July 18. June 6. Ma/?. Apr.11. Mch.13. Feb.14. Jan.3
for the company's properties and concessions. The remaining *7,088,121 1912.. 43,901 68,922 86,386 130.098 79,389
3,043 13,958
pref, shares were issued to discharge cash advances, of which on Dec. 31
1911_ 104,170 149,072 166,802 187,278 186,053 207,261 173,667 135,938
106,924
1911 three were $5,957,837 In the shape of a demand note of $4,289,873 -V. 94, p. 1696, 1317.
made Jan. 8 1904 to the Pacific Improvement Co. with interest at 5%.
New York City Interborough Ry.-Third Avenue Control.
The pref. shares will participate equally with the common In all dividends
See Third Avenue By. below.
paid In any year after 5% has been paid in said year on both pref. and cons.
-V. 94, p. 279.
Balarve Sheet of April 30 1912 (Total Each Side, $51,455,246).
New York Railways.
-Dividend on Income Bonds.
Property acct., Incl. railCommon stock(par $100) $30,000,000
-A dividend of $7 71 (0.771)% per $1,000 adjustroads, rolling stock, conPref. stock (par $100)_ _ 10,000,000 Earnings.
cessions and sums to be
Old 6% bds.($4.420,000P
-d.) x80,000 ment income bonds has been declared on the adjustment
received from the Govt.
1st M.6% of 1886 due Apr.
of Guatemala
$47,478,333 1 1915(Gu. Cent. RR.)- 2,500,000 income bonds for the first 6 months of 1912, payable Oct. 1
Various securities owned_
at the company's office, 165 Broadway. The following
4,000 2d M.5s of 1912 due 1972
Cash
300.000 (2d M.on old Gu. Cent.) 3,500,000 statement has been
issued:
Sundry debtors
985,563 New 5% of 1912, issued
The statement filed to-day with the trustee of the adjustment mortgage,
Discount on bds. Issued..
727,500 to date (see V. 94. p.
accompanied by the approval of three-fourths of the directors representing
Still due from proceeds of
1449), £1,000,000, or.... 4,850,000
the income bondholders, shows that there Is available for distribution to
sale ot.£1,000,000 bds
1,959,850 Subsidy from Govt. Salthe income
•
vador received to date_
182,655 for the firstbondholders as net Income under the terms of the mortgage,
•
six months of the year, the sum of $236,396, or $7 71 per
Loan in susnense
75,000 $1,000 bond
Sundry creditors
267,591 Is made afterupon the income bonds now outstanding. This distribution
reserving from the net income sums to represent the ratable
x Cash on deposit with trustee to pay these.
-V.95, p. 480.
portion of the special franchise tax as actually assessed and to comply with
the orders of the Public Service Commission imposing certain reserves.
Lancaster Oxford & Southern RR.
-Re-sold.
It is announced that F. R. Williams, representing interests allied wit., Litigation is now pending relating both to the special franchise tax and to
the Conwingo Power Co., has purchased the road for $52,000 from the the authority of the Commission to impose those orders, and is believed to
be well founded. A successful termination of this litigation would result
bondholders' committee, which in March last purchased the same for
$50,000. The sale will come up for confirmation by the Court on Sept. 21. In an increase of net earnings to an amount considerably above that paid
out for the six months, which excess will hereafter be subject to distribution
-V.95, p. 236.
to holders of income bonds at subsequent periods.
-V. 95, p. 420. 361.
Louisiana Ry. &
Georgia Light, Power & Rys., Macon.
-Listed in London.
Navigation Co.
-Appeal.
-Papers were
Norfolk & Western Ry.-Proposed Acquisition.
filed in the U. S. Supreme Court on Aug. 21 in the appeal
The stockholders will vote at the annual meeting on Oct. 10 on purfrom the decision of the Louisiana Supreme Court in the suit chasing the property of the Columbus Connecting & Terminal RR., which
brought by the company on account of the breach of contract is now controlled.
Listed.
-The N. Y. Stock Exchange has authorized to be
claimed to have been made by the city of New Orleans to
build a public belt railroad system along the river front listed as of Sept. 3 $13,300,000 convert. 4% bonds due
connecting with every trunk line and reaching every wharf Sept. 1 1932.--V. 95, p. 361.
and freight depot in the city.
Northern Ry. of Costa Rica.
-First M. Bonds Called.
-
The Louisiana Supreme Court in 1910 affirmed the decision of the lower
State Court. The Court held that the contract was conditional upon its
being possible to construct 5 miles of road, with the understanding that in
carrying out the scheme the entire belt should be constructed by railroads
with contributions from them and that when thatsoheme became impracticable through the Dock Board's opposition to it, the contract came to an
-V.94, p. 1626.
end.
Louisville & Nashville RIL-$12,000,000 (20%) New
Stock-Option to Subscribe at Par-Announcement of Aug. 29.
-The board recommends to the stockholders at the annual
meeting in Louisville, Ky., on Oct. 2 1912 to increase the
authorized common stock from its present amount, $60,000,000 to $72,000,000, and that this increase of $12,000,000 be
offered at par to the stockholders, giving each stockholder
the right to subscribe for 20% of his holdings.
The board of directors, at a meeting following the stockholders' meeting,
will prescribe the dates and conditions of subscription. The $12,000,000
of cash from the sale of this stock will be used in paying for new construction, new equipment, double track and other additions and betterments
al eady authorized by the board of directors and which are in various
stages of completIon.-V. 95, p. 420, 111.
Mill Valley & Mount Tamalpais Scenic Ry.-Stock.The California RR. Commission on Aug. 23 authorized the company to
issue *86,900 stock, of which $54,000 to be sold at par and the remainder
to be distributed among the stockholders to represent expenditures made
for Improvements and not heretofore capitalized. The company applied
for authority to issue $150,000 stock.
-V. 95, p. 481.
r• Milwaukee (Wis.) Ry. & Light Co.
-Decisions by Railroad
Commission.
-The Wisconsin Railroad Comm. on Aug. 23
handed down six decisions in cases pending against the Milwaukee Electric Ry. & Light Co. and the Milwaukee Light,
Heat & Traction Co., in which it ordered, effective Sept. 23:
(1) 13 tickets for 50 cents, with usual transfer privileges within extended
single-fare limits.
• (2) Single far' I'm' West Allis. wrtension of fare limits being ordereri unon
-National lines from 53d Ave.and National Ave. to 62d AVJ
tho.Fond du Lao
One hundred and five ($105,000) 1st M.5% bonds issued under mortgage
dated Sept. 15 1900, for payment at par and int. Sept. 1 at Old Colony
Trust Co., Boston.
-V. 94, p. 560.
Oakland (Cal.) Railways.
-Guaranteed Notes.-This company has guaranteed the principal and interest of $1,100,000
one-year 6% collateral trust notes, due Aug. 20 1913, issued
by the subsidiary San Francisco-Oakland Terminal Rys. Co.
Of these notes $1,000,000, it is stated, has been taken by a
syndicate of Oakland and San Francisco bankers to hold to
maturity and the remaining $100,000 has been offered to
the public by Torrance, Marshall & Co., San Francisco at
par and int. Par, $1,000, &c. Charles R.Remington in the
"San Francisco Chronicle" says in substance:
These notes are a first lien on what is known as the Key Route basin (San
Francisco-Oakland Terminal Rys., which see below and V. 94, p. 11201,
conservatively appraised, when reclaimed, at $7,500,000. This lien is
evidenced by a deed of trust In favor of the Anglo-California Trust Co.,
trustee, to secure an issue of *5,000,000 1st M. bonds, all of said bonds to
be deposited with the trustee as collateral security for the loan of $1,100,000.
In addition the notes are secured by deposit with the Anglo-California
Trust Co. [subject to the prior lien of $2,500,000 6% 10-mos. notes of the
Oakland Rys. dated Aug. 12 1912); of $1,843,000 Oakland Traction Co.
general consol. 5s due 1935; $1,413,000 San Francisco Oakland & San Jose
Consolidated Ry. 58, due 1938, together with 65 7-10 % of the outstanding
stock [total issued $15,125,000 common, $12,050,000 'A" pref. and $1,000,000 "B" pref.j of the San Francisco-Oakland Terminal Rys., which was
formed by consolidation of the Oakland Traction Co., the San Francisco
Oakland & San Jose Consolidated By. (Key Route), the East Shore &
Suburban By. Co. and the California By. Co.
One million dollars of this loan is to be deposited with the Union Trust
Co., subject to withdrawal on engineers' certificate only, and to be used
In the construction of a solid pier In place of the present temporary pier
of the "Key Route" system.
(The aforesaid $2,500,000 Oakland Rys. coll. trust 6% 10-months'gold
notes are for $25,000 each and are dated Aug. 12 1912, and due June 12
1913, but arc redeemable In whole or in part, on 60 days' notice, and at par.
In case either Oakland Rvs. or San Franolson-cakiand Terminal Ilya. Issue
bonds during the life of those notes, tho first proceeds from any such issue
AUG. 31 1.9.12]
THE CHRONICLE
545
San Francisco-Oakland Terminal Railways.
-New Bonds
as Collateral for Notes.
-This company has filed a mortgage
dated July 1 1912 to the Anglo-California Trust Co. of San
Francisco, trustee, to secure an issue of $5,000,000 bonds
which are to be pledged as collateral for an issue of guaranteed notes. See "Oakland Railways" above. The "San
-Assessment. Francisco News Bureau" on Aug. 21 said:
Pacific Light & Power Corp., Los Angeles.
The mortgage covers 310 acres of land In the Key Route basin, being a
all the
must be applied to the redemption of these notes. The notes are offered at
par ruid Int. by N. W. Halsey ec Co. of Chicago, who took them. The net
earnings of Oakland Rys. for the year ended June 30 1912, available for interest charges, was $1,540,036, and Interest for one year on all bonds outstanding and these notes was $1,023,910, leaving a net balance of $314,126.
The issue of sz,5o41,006 4-year notes of 1911, secured by the same collateral
as the 10
-months notes, have been called for payment at 102 on Sept. 1
1912.)-V. 95, p. 420, 111.
The assessment of $5 per share, delinquent Aug. 30, applies to
outstanding shares, common as well as preferred. The shares were already
"full paid," but under the California law thls assessment is levied In order
to pay floating debt. There is now outstanding $12,207,000 common
shares, $1,207,000 1st pref. and $10,000,000 2d pref. H. E. Huntington is
-V.95, p. 208.
President.
strip of land 1,000 ft. long, south of what would be an extension of 34th St.
Recently the City Council of Oakland granted the company permission to
make extensive Improvements. See V. 94. p. 912, 1120.
-A committee has
Seaboard Air Line Ry.-New President.
been appointed by the executive committee to recommend a,
-Judge Sessions in President in place of N. S. Meldrum, who some time ago exMarquette EL-New Co-Receiver.
Pere
the U. S. District Court at Grand Rapids Mich. on Aug. 27 pressed a desire to retire because of other business interests.
the
appointed Samuel M. Felton, Pres. of' Chicago Great
The committee Is composed of S. Davies Wartleld, Chairman, of BaltiN.
Western RR., a co-receiver to act with F. W. Blair and D. E. more: no S. Meldrum, and L. F. Loree, Pres. Del. & Hudson River RR.
While
announcement will be made of the committee's selection In adWaters, in place of Newman Erb, who resigned.
vance of action thereon by the directors. It is commonly understood that
-The Court says that the position should be filled by a practical railroad
man and that It was necessary to bring about harmony among the receivers.
the appointment being "sired both by Mr. Blair and Mr. Waters. Mr. Erb
is quoted as saying that the results since the present management has been
y
,securit-holders or to the
in charge have not been satisfactory either to the
People of Michigan. and that he has no doubt that Mr. Felton will be able
to bring about results that will be satisfactory to both of these interests.
V. 95, p. 481. 294.
Philadelphia & Western (Electric) Ry.-New Line Opened.
26.
-The new Norristown extension was opened on Aug. station
The schedule of 26 minutes between the 60th and Market streets
and the court house at Norristown was maintained without difficulty.
Compare V. 95, p. 420.
-ResignQuebec (Can.) Railway, Light. Heat& Power Co.
Four Paris directors-Maximo Beauvisage. Antony Thierree, Louis Gaillard and Charles Michel-have resigned. The board has consisted of 15
members, but It is understood that the vacancies will not be filled and that
the number will remain hereafter at 11. The distribution of stook among
French investors was, It is stated, accomplished largely on expectations
that the dividend could be continued, but the French Interests have, it is
-V.94, p. 1449. •
stated, been selling their stock.
William J. Harahan, a Vice-President of the Erie RR., has been chosen.
Mr. Harahan is of Southern birth and has spent a large part of his life In the
South. and his appointment would be in line with the announced policy of
the company, lately made by Chairman Warlield, to place Its management
in the hands of Southern men.
-V.95, p. 361, 48,
Seattle Renton & Southern Ry.-FederalCourt Decisions.
Judge Cushman In the U.S. District Court at Seattle, Wash., on Aug. 2.2
remanded to the State courts the suit, originally brought by former President Crawford, but transferrd to the Federal Court by order of former
Judge Hanford, who recently resigned, In which, among other things, the
present management is charged with misuse of power and conspiracy to
13rIng about a default in the payment of Interest on notes, so as to enable
them to deprive the company of its property. A suit In which stockholders
charge conspiracy and fraud is, it Is stated, still pending la the State Court,
and these charges, it is pointed out,.are still undetermined. The Court in
another decision also discharged the receivers appointed some time ago by
Judge Hanford, holding that if the suit In the Federal Court should proceed
to the dissolution of the corporation and the disposition of the property,
and thereafter the plaintiff should prevail in the suit In the State Court.
the Federal Court would have deprived him of much of relief sought, and
there would be no property left to turn over to the corporation, no franchise
to protect and all the elements of trust would be dIssipated.-V.95, p. 49.
-Guar. Bonds.
Tennessee Railway Light & Power Co.
- See Tennessee Power Co. under "Industrials" below.
-V. 94. p. 1120,
Rock Island Southern Ry.-Additional Bonds Offered.
1187, 1696; V. 95, p. 481.
Lewis Bros. & Co., Boston (successors to Mason, Lewis &
-New ConTerminal Railroad Association of St. Louis.
Co.) are placing at a price to yield over 5% a further
-The new contract dated Aug. 22 between the Terminal
$500,000 1st M. 5% gold bonds (see V. 89, p. 1668) dated tract.
1908, due Jan. 11947, but redeemable at 105 after Sept. 10 RR. Assn. and its 15 proprietary roads, amended so as to
1913. Central Tr. Co. of Chicago., trustee. A circular shows: comply with the mandate of the U. S. Supreme Court under
Total bonds auth., $2,500,000; outstanding, $2,282,000; remainder, its. decision handed down in April last, in the suit brought
reserved for betterments and Improvements, $218,000. A first lien on by
the Government as construed in the decree of Judge
leased line;
(a) 45 miles of road owned; (b) electric equipment of 20 miles ofMonmouth,
Trieber, was filed in the U. S. District Court on Aug. 26.
(c) about 200 acres of coal land; (d) terminals and leases In
Rock Island and Davenport; (e) power-house, present capacity 3,000 h. p., Compare V. 94, p. 1187.
ultimate capacity to be 10,000 h. p.; (f) equipment; (a) stock of two branch
lines; (h) contract with Burlington Ry. & Light Co. for electricity, the
profit of which, It is claimed, will be equal to that of the fixed charges.
Data from Letter of Pres. E. C. Walsh, May 11 1912.
Starting from Monmouth, Ill., the road runs due north 31 miles, where
a connection is made with a branch line of the Chicago Rock Island &
by which
Pacific RV., which our company leases and Moline). we gain entrance to
Our total operating
the trl-cities (Rook Island, Davenport and
mileage, including branch lines to Aledo and Alexis, Is about 65 miles.
Rails 75 and 85 lbs.: ties of oak and cedar, 2,640 to mile. Ballast, gravel
and cinders. Bridges, oulverts and roadbed fitted to carry 125-ton engines.
The electrification of the entire line Is of the overhead catenary construction, built by the latest Westinghouse method and the same system as is
used by the N. Y. N. If. .50 Hartford RR.
The equipment includes 7 electric motor passenger cars and 3 trailer
passenger coaches (all 62 ft. In length), 2 express and freight motor cars,
7 Baldwin steam locomotives (35 to 55 tons), 60 box cars (60,000 lbs.
capacity), 90 gondola coal cars (80,000-lb.), 1 refrigerator car (50,000-lb.),
92 box stock and flat cars, 7 work cars.
The road runs through one of the garden spots of the State, the farms Insuring the shipment of a large amount of grain and live stock. There are
located along the line of road three grain elevators (five more are assured In
the near future); also many factories. The Chicago Rock Island e.e Pacific
By. Co. has had Installed a 1,500-ton steel tipple coal mine at Mathersville,
which ships over our line about 600 tons per day. It Is calculated that the
average for the next 15 or 25 years will not be less than 1,000 tons per day
for this mine. The Alden Coal Co. at MathersvIlle has also Installed a
1,500-ton tipple and is shipping about 600 tons of coal per day over our line.
The mine owned by our company will take out about 800 to 1,000 tons a
day, disposing of the lump coal In the open market and using the egg coal
for its engines and screenings for the power-house, which will more than
clear the cost of the company's own fuel. The aggregate output from
MathersvIlle, It is estimated, will amount to 2,000 tons per day within 7
months and 3,000 tons per day within one year. This coal commands a
very ready sale, due to a rate of 58 cents per ton Into Rock Island, as compared with 75 cents per ton on other l'nes entering the same market. The
Continental Brick Co. located on the Aledo branch Is increasing Its capacity
from 2 cars to 35 cars per day. Excellent gravel and stone quarries are
also a source of revenue for the company.
We have, during our construction period, operated the road In part, and
In October last the full operation was begun, since which time the earnings
have been very satisfactory, and from a conservative estimate, I believe that
the present year will show net earnings of $200,000, or nearly double the
interest charge on the bonds outstanding.
With the completion of the transmission line to Burlington the contract
for power to the Burlington Ry. & Light Co. will be effective, and I estimate that the income from this contract alone will equal the fixed charges.
-V.89, p. 1668.
St. John & Quebec Ry.-Settling Day in London.
The London Stock Exchange has appointed a special settling day for
fully-paid scrip for £873,285 1st M. 4% debenture stock. (V. 94, p. 1450.)
Further Particulars as to Lease to Canadian Government.
It is agreed that during the first 15 years of the lease 40% of the gross
earnings of the railway and bridges shall be paid by the Govt. of Canada to
the Province of New Brunswick towards the Interest upon the said bonds
(embracing this 1st M.4% debenture stock) guaranteed by the Province,
the surplus thereafter, If any, to go to the railway company; and during the
first 15 years of the term of the bridge bonds,the Interest thereupon shall be
borne by the Govt. of Canada as further aid towards the construction of the
bridges. After the first 15 years and until the maturity of the bridge bonds,
the said 40% of the gross earnings of the bridges (such proportion of
the total gross earnings as the cost of the bridges bears to the total cost of
railway and bridges) shall be applied by the Govt. of Canada, first, towards
the payment of the interest on the bridge bonds; second, to provide a sinking
fund sufficient to redeem the said bridge bonds at maturity; third, the
remainder to the Bridge Co.
After the first 15 years and until the maturity of the bonds guaranteed by
the Province, the 40% of the gross earnings, after deducting therefrom the
gross earnings of the bridges determined as aforesaid, shall be paid to the
Province semi-annually and applied by it as follows: first, towards the
interest on the bonds guaranteed by the Province; second, to meet the
sinking fund requirements under the mortgage securing the bonds guaranteed by the Province; third, the remainder to be paid to the railway company. After the payment of all said bonds so guaranteed by the Dominion
and Province, all rentals shall be paid semi-annually to the respective
companies In the proportions aforesaid.
If the Dominion and the Province determine that It would be in the
public interest so to do, the said railway instead of being constructed all the
way from Grand Falls to St. John may be connected with the IntereolonIal
By.at or near Rothesay, Kings Co., N. B., as may be agreed. A. R. Gould
Is Pres. and James U. Thomas Sec. See bond offering, V. 94, p. 1450.
The contract replaces the original terminal contract of 1889, several provisions of which were declared to be in violation of law by the Supreme
Court. In addition to the Terminal Association and the 15 proprietary
companies, 3 companies signed as guarantors, viz.: the Chicago Burlington
ec QUIney, the Chicago & Alton, and the Pittsburgh Cincinnati Chicago &
St. Louis By. for the Vandalia.
The contract follows precisely the lines laid down in Judge Trleber's
Interlocutory decree, In which the Court accepted the views of the Terminal
company's counsel concerning the application of the decision to the bridge
arbitrary as opposed to the contention of Attorney-General Wickersham
and Edward C. Crow, special counsel for the Government. The contract
copies verbatim the language of the Supreme Court's order, as does also
the decree of Judge Trieber. This will be made the basis of an appeal by
the latter to the U. S. Supreme Court. The appeal will not be taken until
the final decree is entered, It being the present intention to enter the same
In October.
-V,94, 1187.
-The
-Proposed Purchase.
Third Avenue Ry., New York.
company on Aug. 29 applied to the P. S. Commission for
authority to purchase $1,356,000 additional stock and
$259,000 bonds of N. Y. City Interborough Ry.for $234,625.
The petition states that the company now owns $2,865,000 of the
$5,000,000 stock, on which no dividends have been paid for the last five
Years, and $1,413,000 of the 1st M. 5% bonds due May 1 1928. Of the
$5,000,000 bonds authorized, $3,000,000 have been Issued, $1,702,000 are
now outstanding, $87,000 are In the sinking fund, and $1,211,000 are owned
by the New York City Interborough Ry. Co. It Is stated that the Third
Avenue Ry. Co. now owns $1,413,000, par value, of said bonds and 28,650
shares of the capital stock of said company, and now desires to purchase an
additional 13,560 shares of stock and $259,000, par value, of bonds for
the sum of $234,625.
The petition will come before the Public Service Commission at its
----V. 93, p. 1535.
meeting next Tuesday.
-Guaranty-Status.
-A circular was
Toronto Railway.
issued by this company's subsidiary, the Toronto Power Co.,
to the holders of Electrical
Ltd., under date of July 5 1912,
Development Co. of Ontario 1st M. bonds, offering them until
Sept. 1 1912 the right to exchange each $500 of said bonds
with coupon of Sept. 1 1912 attached for £103 of Toronto
Power 43% consol. guaranteed debenture stock, guaranteed
unconditionally, p. & i., by the Toronto Ry. Co. and carrying the half-year's interest payable Nov. 1 1912'. The circular says in substance:
All Electrical Development bonds delivered up to the company In exchange for Toronto Power debenture stock will, under the terms of the
trust deed scouring the latter, be kept alive and transferred to tile trustee
of the said trust deed as additional security for the said debenture stock.
The Toronto Railway Co. Is a prosperous company operating electric
railways in Toronto. It has an Issued share capital of $11,000,000, representing at the present quotation (144 %) a current market value of $15,853,750 behind this guaranty Also owns (a) outright two-thirds and
through a subsidiary company controls the remaining one-third of the Issued
capital stock of the Toronto Power Co.; (b) the entire $2,000,000 share capital of Toronto & York Radial Ry., which operates in and around Toronto.
The Toronto Power Co. has an authorized share capital of $6,000,000,
of which $3,000,000 is issued and fully paid. It owns all the $4,000,000
ordinary shares of Toronto Electric Light Co. (V. 92, p. 1373, 1041), and
($2,895,500) of the ordinary shares and 20% ($2,000,000) a the
96
$10,000,000 1st M.5% bonds of the Electrical Development Co. of, Ontario
(V. 88. p. 1316; V. 86, p.605, 1098).
The approximate net earnings of the five combined eaterprises menti
above for the year 1911 (compare V. 94, p. 485) were $2,952,654; amount
required to pay interest on the bond. debtor combined enterprises for 1911,
$974,315. The accumulated reserves and surpluses of the combined enterprises for the year 1911 were $6,090,803.
Gross and Net Earnings for the First Five months of the cal. year 1912.
March.
April.
Jan.
Feb.
$656,110 $640,246 $668,194 $658,174 2693,015
Gross
79.532
70,818
84,190
81,489
65,692
Increase
319,838
334,823. 361,888
350,470
329.439
Net
44,092
$2,651
78,283
37,980
32,170
Increase
-V.95, p. 362.
(The) Winnipeg Salina & Gulf Ry.-Receivership.The "Topeka Capital" says that David J. Hanna, who was appointed
receiver of this proposed north-and-south line by the U. O. DIstriol Court
546
THE CHRONICLE
at Topeka the week before. on Aug. 23 declined the appointment. The
order, It is stated, was made In a suit by the BrIndly Construction Co. on
notes given for advances to Pres. H. Leone Millen
-V.94, p. 1385.
which was offered to shareholders of record Dec. 15 1910 at
par, making total listed $25,000,000. Compare V.91, p. 1514.
Winona (Wis.) Ry. & Light Co.
--July Coupons Paid.
-
The coupons due July 1 1912 on the 5489,000 1st M. 5s of 1907 are being
paid at Old Colony Tr. Co., Boston: payment began Aug. 17.-V.94,p.561.
[VOL. LX2C.X.XV.
The new stock will carry the next dividend declared, which will be for
the quarter ending Sept. 30 1912. Of the proceeds. $1,574,000 was used
as follows: To purchase securities of other companies, $666,798; steel seagoing barge, $49,673; rolling stock, $76,000; additions to plant and mine
equipment, $605,256: other corporate purposes, $176,273, and the remaining $4,400,000 to acquire 100,500 acres of coal lands In Pike, Letcher
and Knott counties, Ky.
INDUSTRIAL, GAS AND MISCELLANEOUS.
Earnings.
-For 5 months ending May 31 1912:
American-Asiatic Steamship Co.
-Government Suit.
-U.S.
55,445,404 Taxes
$94,850
District-Attorney Wise on March 30 filed a suit in the U. S. Gross earnings
Net earnings
1,193,649 Insurance
15,535
91,845 Interest and exchange
District Court in this city charging conspiracy by the Int. and diva. received_ _ _
10,901
1,285,494 Royalties
85,315
company (controlled by Showan, Tomes & Co.) as the head Total net income
DeductDivs. for 3 months ending
$404,305
Mch. 31 1912, 1 %%___
of a steamship pool and other defendants to monopolize Interest on bonds
304,295
113,604 Balance, surplus
256,688
freight traffic between New York and Far Eastern ports, and Sinking funds
Listed.
-The Exchange has also listed $589,000 additional
in pursuance thereof the granting of rebates to shippers in
1st and ref. 5% bonds, making the total amount listed
violation of the Sherman anti-trust law.
The other defendants include the Hamburg-American Line, the Anglo- 814,549,000.-V. 94, p. 1059.
American Oil Co., the United States & China-Japan Steamship Co., the
Des Moines (Ia.) Gas Co.
-Appeal to Higher Court.
Lancashire Shipping Co., the Bucknall SS. Co., the Isthmian SS. Co., and
six or seven firms or co-partnerships and 21 individuals, officers of the various companies. All are interested In the operation of freight-carrying ships
between this port and ports In the Philippines, China and Japan by way
of the Suez Canal.
The petition alleges that there are two principal routes by which freight
is carried to the Far East. one from Pacific ports westward across the Pacific
Ocean and one from this and other Atlantic ports eastward through the
Suez Canal, and that the defendants have since 1903 monopolized the
trade going by the latter route.
No through rates, it Is stated, are made with railroads running to New
York, the rates charged by each of the steamship lines being simply the
all-water rates between New York and the Far Eastern ports, and the
petition relates entirely to the traffic from the Atlantic Coast and does
not involve the trans-Pacific route.
Two agreements, known as the Eastern and Western agreements, are
alleged to have been made on April 13 1905 providing for an apportionment
of sallinirs, fixing rates and a poollne of defendants' earnings and a division
among them after payment of expenses. Later In 1905 the U.S. Steel Corp.,
It is stated, became dissatisfied with the rates paid by it, and through its
influence the American-Manchurian Line. owned by the Bucknall SS. Co.
and others, was established as an independent line, and, becoming a formidable competitor, it was accepted on jan. 1 1906 as a party to the pooling
agreements. Since that date. It Is alleged, the defendants have maintained
a system of deferred rebates, under which shippers who confined their shipments to the defendants' lines have received back 10% of the amount paid
for freight; this system being abolished more than a year ago with respect to
the eastward traffic, but being still In effect as to the westward.
American Ice Co.
-New Director Elected.
William West, of Henry & West, Philadelphia, has been elected a director to succeed Percy H. Brundage, deceased.
-V.95, p. 482. 299.
Armour & Co., Chicago
Plants, ctc., Taken Over.
-
See National Packing Co. helow.-V. 04, p. 1450.
Barnheisel Building, Chicago.
-Advance Offering of Bonds.
-S. W. Straus & Co., Chicago, are making an advance
offering at par and int. of 1st M. 6% serial gold bonds; total
issue $225,000. A circular reports:
Security: The Barnheisel Building. a 10-story office building of fireprocf steel corstruction about to te erected at a minimum cost of $350,000;
99-year leasehold estate on ground 80x172 ft. at 618-620 South Michigan
Ave., Chicago; actual cash price paid, $105,000; total, 4455,000. Bonds
dated July 15 1912 and due serially or July 15 from 1915 to 1922, $14,000
In 1915 and 1916, 513,000 in 1917 to 1921 and $122,000 in 1922, but redeemable after 2 years at 102 and int. on 60 days' notice. P. & I. payable
at office of S. W. Straus & Co., Straus Building, Chicago. A direct obligation of Fielerick It. Barnheisel, Pres. and majority stockholder of
H. H. Kohlsaat & Co., a $1,000,000 Illinois corp. conducting a bakery
business at 1701-1717 Wabash Ave., and many first-class lunch rooms in
the Loop district, his personal net worth being put at over 51,000.000.
Bethlehem Steel Corp.
-Five-Year 6% Gold Notes Called.
Fifty-eight (558.000) 5
-year 6% gold notes dated Nov. 1 1909 of the
Bethlehem Steel Co. have been called for payment at 10234 and int. on
Oct. 9 at Bankers Trust Co., N. Y., trustee.
-V.95. p. 483, 113.
Blackstone Valley Gas & Elec. Co.
-Notice to Bondholders.
Notice is giver to holders of collateral trust 5% 30-year gold bonds,
secured by mortgage dated Dec. 1 1908, to Slater Trust Co. of Pawtucket,
R. I., as trustee, that, pursuant to votes of the directors and stockholders
passed Aug. 14 and Aue.28, respectively, and the requirements of clause 6
of subdivision (e) of Article VI. of the mortgage, the Blackstone Valley Gas
ec Electric Co., a corporation organized under the laws of Maine, proposes
on Oct. 1 to make or cause or permit to be made to a corporation of the
same name organized tinder the laws of Rhode Island, a transfer and conveyance, pursuant to the authority conferred by said subdivision (e); and
that bonds of the said Rhode Island corporation will be Issued in exchange
at their face value for the collateral trust bonds of the Maine company upon
presentntlan pt the .pid trust catena.nv. Further notice will be given
when the bonds are ready for delivery.
-V.95. p. 483.
Boston & Yarn- outh Steamship Co., Ltd.
-Officers.
The company, former* h,own as the Dominion Atlantic SS. Co. control
of which was formally taken over last week by the Eastern Steamstilp Corp.
(V.94, p. 1698) has elected the following officers; Pres. Calvin Austin (also
Pres. of the Eastern Steamship Corp.): Vice-Pres., F. A. Jones: Treas.,
J. W. Hayden. Directors: Galen L. Stone and John E. Leggett.
Two new steamers. It Is announced, will be built for service In the Yarmouth Line by the spring of 1914. The vessels will probably be built by
English ship-builders. This will Increase the Eastern Corp. fleet to 33.
• Buffalo (N. Y.) Natural Gas Fuel Co.
-Consolidation., See Iroquois Natural Gas Co. below.
-V. 92, p. 1111.
Bush Terminal Co.
-Proposed New Jersey Plant.
-The
company on Aug. 29 made application to the Riparian Commission of New Jersey for riparian rights on New York Bay,
beginning at the foot of East 49th St., Bayonne, and extending 2,500 feet south.
If the application is granted on reasonable terms it is proposed to erect
a number of large docks and warehouses similar to those In South Brooklyn.
-V.94, P• 1181.
Central California Gas Co., Los Angeles.
-Bonds.
---This
company, incorporated in Cal. on Jan. 11 1912 with $100,000 stock, has called a meeting of its shareholders for Sept. 25
to vote on authorizing $500,000 bonds.
The company, it is announced, will appeal to the highest Federal Court
from the decision of Judge McPherson referred to last week (p. 483) sustaining the ordinance of Dec. 27 1910 which reduced the price of gas from,
$1 to 90 cts. per 1.000 cubic feet. Under the decision the temporary injunction and restraining order secured by the company will be vacated.
a he dollar-rate will, however, remain in effect until the final decision has
been rendered, but provision will be made for the re-payment of ten cents
per 1,000 to consumers who paid the dollar rate after the ordinance went
into effect in the event of the decision of the lower Court being confirmed
by the Supreme Court.
-V.95, p. 483.
Detroit (Mich.) Salt Co.
-Foreclosure Sale Sept. 30.
The property is to be sold under foreclosure on Sept. 30. Any commitment made by receiver is, we understand, practically guaranteed by the
Watkins Salt Co. See V. 95, p. 483.
Dorchester Electric Co.,City of Quebec.
-New Enterprise
Bonds.
-Howard R. Richey, Montreal, is offering a limited
amount of the 1st M.5% sinking fund gold bonds at 95 (and
int.), with a bonus of 25% common stock. Bonds redeemable at par June 11951. Par, $100, $500 and $1,000.
Interest J. & D. through the Royal Trust Co. at Montreal,
trustee. A circular shows:
CapitalizationAullterked. Issued.
First mtge. sinking fund 5% gold bonds
$800,000 $550,000
6% preferred shares
100,001
46,000
Common shares
t.e,,,eee
75 .eu0
Officers, &c.: President, James Robinson. lio.streat (Pres. Independent
Rubber Co., Ltd.); V.-Pres., Hon. N. uarneau, M.L.A., Quebec (Pres.
Chlooutind Pulp Co., Ltd.). Directors: Hon. Alexandre Chaveau, G. E.
Tanguay, Gustav Proteau, William T. Wilson, L. A. Cannon and J. do S.
Bosse, Quebec: F. Gold Lyman and W.D. Hart, Montreal; Joseph Gosselin,
Levis.
The City of (Quebec, being dependent for light and power on a merger
capitalized at $10,000,000. with a bonded dobt of $10,000,000, many citizens desired an independent company. The Dorchester Electric Co. was
organized and its bonds underwritten [in 19111, by prominent Montreal
and Quebec interests; its plant is under construction, the cost coming much
under the original estimate, and its transmission lines now cover half the
city. The company will be able to supply light and power before Oct. 31
1912. It is also intended to construct a hydro-electric plant in order to
take care of the increasing business. Has secured a 10-year contract ofr
lighting the streets, parks and public places, and has signed five and
ten-year contracts with individual consumers which will yield a revenue
sufficient, after paying all fixed charges, to show a very considerable surplus
from the first year's operations. Developments now taking place will give
the company an extensive field for operations and a numuer of now industries about to establish in Quebec will be largely controlled by the interests
connected with the Dorchester company.
The General Manager is Wm. T. la Ilson, formerly of the engineering
staff of the Montreal Light. Heat & Power Co.
The advertiser agrees to pay $25 per share for all fractional shares, or
to sell fractional shares at the same rate to enable bondholders to convert
their holdings into whole shares. In due time application will be made to
have the stocks and bands listed on the Montreal Stock Exchange.
[The bonds were offered on same basis in May by the Canadian Stock
& Bond Co.. Ltd., Montreal. The auth. can, stook wee increased to $1,000,000 in Sept. 1910. The street-light'ng contract. It Is seed, was obtained
on condition that the net rates for electricity to nrIvnte consumers are reduced from 10 cents to 714 cents per k. w.
,
Eastern Steamship Corporation.
-Control Taken Over.
See Boston & Yarmouth Steamship Co., I.
above.
-V. 94, p. 1698.
-Description of Property.
Eastern Tennessee Power Co.
-
See Tennessee Power Co. (the present owners) et:fem.-V. 92. is. 883.
Electrical Securities & Construction Co.
-Stock, &c.-.
See New York Telephone Co. below.
Fall River Automatic Telephone Co., Mass.
-Sale of Stock.
A circular has been sent to the stockholders advising them that an offer
of $20 a share has been made for the stock by John A. Clark as Co., Bankers
Trust Bldg., N. Y. The directors recommend the acceptance of the offer.
The holders of more than 2,228 of the 2,700 shares (par $50) have already
assented. Capital stock, 5135,000. Bonds, $65,000 20-yr. gold 5s, due
June 1 1923: int. J. & D. at B. M. C. Durfee Safe Dep. as Tr. Co., Fall
River, trustee. Last quarterly dividend, 1%, Is said to have been paid
July 31 1009.
Four States Coal & Coke Co., Pittsburgh.
-No Action.
No action was taken by the stockholders at the meeting last July as to
increasing the pref.stock from 51,500,000 to 52,500,000. V. 94, p. 1767.
Reportfor 9 Mos. End. Mch. 311912.
-Pros. Jones said:
During the nine months' operation we paid interest on our interest
-bearing bonds, 6% on our pref. stock (51.197.500 now out) and have added
$40,604 to surplus account. For March 1912, after providing for sinking
fund and interest charges, the company earned on a basis of 20 7-10% per
annum on pref. stock. Beginning May 1 we should produce at the rate of
2,000.000 tons per annum. We have just completed equirping the most
modern plants In the world. an 1 one cost of production Is muesli lower than
we originally estimated. Annabelle Mines were placed on ta operating
basis March 1 1912. Prior to tnat time, sinking fund, milling expenses
and interest charges were charged, base.' on tonfre-a• or, laced, to price
received for coal, and the difference credited to development.
Net Profit an Coal Sales for Nine Months Hatted M..reh 31 1913,
July. Aug. Sr
Nov. Dec. Jan. Feb. MM. Total.
. Oct.
5
3
2 ou 42re4,s, 1 24,131 18,663 21,192 20,770 32,615 210,907
h5,1se 2n t 99
18i 84d2 eloln9.
i a di
n
&o., for the 9 months aggregated $34,093.
Directors: D. G. Jones,
E. F. Miller. Thomas P. Jones, S. C. Rowland, J. Roman Way, J. Pres.*.
W. Bowman, H. P. Jones. Compare Y. 04, P.
1189, 1767: V.93. p. 1107.
Incorporators: C. S. Forney, J. H. Straede, DcW. S. Childress, F. R.
Miller and H. B. Landes, the last named being Secretary, with office at
Los Angeles. The company recently announced its intention to construct
a gas plant at Lindsay, purchase the Home Gas Co. at Porterville and lay
Freeport (Ill.) Gas Light & Coke Co.
-Name-Stock.
a gas main connecting Lindsay, Porterville and Exeter.
The company has filed in the office of the Secretary of 3tate of Illinois
P • Chicago Suburban Gas & Electric Co.
a certificate of change of name to Freeport Gas Co. and of increase of stock
-New Company.
- from
3300,000 to 3500,000.
This company was organized in Delaware on Aug. 27 with
-Reorganized Co. Incorporated.
Hall Railway Signal CO.
$6,000,000 auth. stock, as a reorganization ,it is stated, of
at Portland. Me., with $5,000,000
the North Shore Gas Co. (V. 94, p. 356) and possible other of This company has been Incorporated Hall Signal Co., per plan in V. 94,
auth. cap, stock as successor of the
p. 985. 1452; V. 95, p. 52, 179.
neighboring companies.
• Samuel Insult Is quoted as denying that. he has any interest In the comGerman-American Car Co., Chicago.
-New Stock.
pany, and Vice-Pres. A. Voiney Foster, of the North Shore Co. as saying
A certificate was filed at Charleston, W. Va.. on Aug.
that he could not yet give out the names of the men behind the movement. capital stock from $500,000 to $720,000.-V. 89. p. 997. 35. 1nm-easing the
Consolidation Coal Co. of Maryland.
-Listed.
Gillette Safety Razor Co., Boston.-Incorporated.-Th $
-The New
York Stock Exchange has listed $5,974,000 additional stock, company was incorporated in Mass. on May 21 1912 with
Arc. 31 1912]
THE CHRONICLE
547
their respective holdings. The proceeds will be applied to paying the float$13,000,000 of authorized capital stock in $100 shares, all ing debt and to financing extensions and additions. This will increase the
-F.: bonded debt about
being 7% cumulative non-voting pref.(p.&d.) stock to $1,176,400; dividend rate long 8% p. a. Q. corp.—V.86.p.1103.
issued,one-half
A Stone et Webster
stock (callable any time at 125). On June 1 title was taken $90,000 1st M.5s due Jan. 11914.
Pittsburgh.—Bonds
Manufacturers' Light & Heat Co.,
to the property of the ol I concern of the same or similar
Trust Co., Pittsname, also the entire capital stock of two subsidiaries, which Offered—Dividend Prospects.—The Colonial
incorporated in Mass. on May 21 1912, viz.: burgh, Pa., on Aug. 28 1912 wrote: collateral trust" 6% gold
were likewise
The authorized issue of the "mortgage and
Gillette Safety Razor, Ltd. (of England), $2,000,000; Gil- bonds [of 1907] Is $3,000,000. There are outstanding $2,400,000, due
Razor Co. of Canada, Ltd., $500,000. No serially from 1913 to 1920. The remaining $600,000 have been canceled
lette Safety
and the bonds destroyed, thus limiting the issue to $2,400,000.
bonds issued. The following has been officially revised:
The fund^d debt amounted to only $4,950,000 on June 30 1912. Since
52 shareNew stock certificates have been issued by the company to the
holders in the old company on the basis of one new 7% pref. and one comJuno 1
mon share (par $100) for each old share (par $10). The assets as ofmonths
last were placed at $13,053.638. The net earnings for the first five
current calendar year were about $60,000 ahead of 1911. Dividends
of the
on the new pref. shares will be declared Q-J. 15. the first Oct. 15. stockFor the present 3% will be paid on the new common stock, so that
holders by the exchange will receive the same dividends per annum as arc
now being paid, namely $10 a share, or 100% on a par of $10. Provision
will be made In the by-laws that not more than 5% dividends shall be paid,
on the common stock In any one year unless at least $100,000 of pref. stock
Is retired In that year.
The Gillette Safety Razor Co. has factories in several countries and has
for the past
been earning $1,100,000 net per annum on an averagethe treasury. four
Ofyears. In May 1912 there was over $500.000 cash in
company was never In better position with the trade than
ficials state the
decisions affecting patents have been
at the present time, as several court
condition
handed down recently In Its favor. The plants are in excellent
dlrectorshaving
and are carried on the books at a conservative figure, the
years.
charged off to depreciation $1,434,436 during past seven
years has been
The stock of the old company, which for the past three Boston 12 years
annum, was offered in
receiving dividends of $10 a share per months ago the stook sold at $150.
six
ago at 50 cents per shlre, while King C. Gillette; Vice-Pros., John Joyce;
Officers and directors: Pres.,
Curran, Vincent
Sec.-Treas., Frank J. Fahey; William A. Gaston, Maurice J.
Goldthwalte and Charles A. Gaines. Office. Boston.
that period there has been purchased in the open market $528,000 of bonds,
bringing the total amount In the hands of the public down to $4,422.000,
the company having purchased $1,478,000 of its bonds since Jan. 1 1912.
The bonds so purchased, we understand, consist chiefly of the "1st M.
and collateral trust" issue [of 19031, which are callable at 102 and 103,
according to date of maturity, and we are informed that the bonds so purchased will all be retired in due course.
At the present market quotations, the capital stock represents an equity
of over $20,000,000 junior to the bonds. The stock pays dividends at the
rate of 4% per annum, and It is very likely that this will be increased in
the near future. The "mortgage and collateral trust" 6% gold bonds of
1907 are not callable, and consequently have risen in price above the "1st M.
and collat. trust" bonds. Havingsold practically all of theaebonds, we are
offering a block of the 1907 issue, maturities 1915, 1916 and 1919, on a
basis to yield 5.20%. See balance sheet of June 30 1912 In V. 95, p. 424.
Mattoon (Ill.) Gas Light Co.—Outstanding Bonds Called.—
All of the outstanding $195,000 5% 20-year gold uonds, dated Dec. I
1905, have been called for payment at 105 and int. on Oct. 1 at Michigan
Trust Co., Grand Rapids, Mich.—V. 81, p. 1668.
Morris & Co., Chicago.—Plants, dcc., Taken Over.—
See National Packing Co. below.—V. 94, p. 551.
National Packing Co., Chicago.—Details of Dissolution.—
"The National Provisioner" of N. Y.and Chicago, the official
in its issue of
of
Glidden Varnish Co., Cleveland.—Bonds Offered.—Hay- organ3 the American Meat Packers' Assn.,
Aug. 1912 said in substance:
don, Miller & Co., Cleveland, ha -e sold at par and int.
Detailed plans for the dissolution of the National Packing Co. were pre$500,000 1st M. 6% bonds, dated June 1 1912 and due sented to the Attorney-General of the United States at Washington this
This action
week,
$25,000 semi-annually beginning June 1 1913 and ending on the and it is understood that they will have las approval. be no ground
part of the packers was taken In order that there might
Dec. 1 1922, but callable at 103 and int. on any int. date for criticism on the part of the Government. It is understood that Attorthe plans, and realizes that
ney-General Wickersham
upon 30 days' notice, in inverse order of numbers and maturi- lotion is genuine, and as approves of physical dismeinberment of the dime.
the comcomplete a
ties.• Par;$1,000, $500 and $100(c). Principal and interest pany as it Is possible to make.
As a matter of fact, the dissolution has already taken place. Orders
(J. & D.) at Citizens' Say. & Tr. Co., Cleveland, trustee.
based on the plan submitted to the Government neat out some time ago.
The books of the National Packing Co. were mosed up In all their plants
and houses, and at the oeginning of the present week the partition went
Into effect. Plants and houses passed under the direction of their new
owners, and employees went to work for their new employers.
Speaking generally, the division Is said to have been on a basis of the
stock holdings in the National Packleg Co. That Is, the Swift interests
took over aPout 46% of the assets, the Armour interests about 40%, and
the Morris interests about 14%. An o.ficial list of the plants and branch
,
e
h, e awl steei(-,,srd interests, as submitted in the report to the Government, is as follows:
To Armour & Co. (a) )Plants Taken Over.
Anglo-American Provision Co., Chic. N.Y.Butch.DresaedMeat Co., N.Y.
Stockyards arehouse Co., Chle_.,go. !or. Amer. Provision Co.. Chicago.
Friedman Mfg. Co., Chicago (75%).
Fowler Pack ng Co., .ansas t..ity.
Hammond Pa.,,,leg Co., St. Jos.,Mo. Fowler Brothers, Ltd., Canada.
Hamilton Stk.Yds.Co.,Hamilton,Can
Kansas City.
Ruddy Brothers,
Colorado Pack. & Prov. Co., Denver. International Packing Co.. Chicago,
Fowler's CanadianCo.,Ltd.,Hamilton. Hammond Beef Co.. Ltd., England.
--Control.
To Armour & Co.—(b) Branch Houses and Selling Agencies
Baltimore (Eutaw Beef Ce.)
Jamaica, N. Y.
Lowell, Mass. (Omaha Packing Co.)
.Little Falls, N. Y.
Toledo, 0.(Hammond Go.)
Grand Rapids, Mich.
Manchester, N. H.(C. A. Allen Co.) Pittsburgh.
Macon, Ga.
New London, Conn.
Jacksonville, Fla.
Detroit (Detroit Beef Co.)
Spokane, Wash.
Lansing, Mich. (Detroit Beef Co.)
New Orleans. La.
Passaic, N. J.
Greenville, S. C.
Portsmouth, N. H.
Lockhart, Tex.
Woonsocket, R. I.
Bro vvn wood, Tex.
Cortland, N. Y.
Salem, mass.
Dublin, Texas.
San Angelo. Texas.
Shamokin, Pa.
Marshall, Texas,
Sunbury, Pa.
Opelika, Ala,
Johnstown, N. Y.
Winston-Salem. N. a,
Keokuk,Iowa.
Crockett, Texas.
Springfield, Ill.
Ohicago (Hammond Co.,S.Water St.) Nacogdoches, Texas.
Carthage, Texas.
Bluefield, W. Va,
Lufkin, Texas.
Welch, W. Va,
Albany, Ga.
Wheeler, N. Y.
Chattanooga, Tenn.
West Philadelphia, Pa.
Pensacola, Fla.
Boston (New England Beef Co.)
New York City (Adams Bros. Co., Spartanburg, S. C.
Wichita Falls, Texas.
Ft. Greene Market).
Philadelphia (North Delaware Ave.) Altus, Okla.
N. Y. City (Adams Bros. Co., Gan- Lawton, Okla.
Beeville, Texas. Greenville, Miss.
sevoort Market).
Natchez, Miss
Washington.D.C.(G.H.HammondCo.) Meridian, Miss.
McAlester, Okla.
Hugo, Okla.
New York Stock Ex- Little Rock, Ark.
(B. F.) Goodrich Co.—Listed.—The
Knoxville, Tenn.
Birmingham, Ala.
7% cum. pref. and $60,000,000 Philadelphia (Quaker City Beef Co.) Tulsa, Okla.
change has listed $30,000,000
QuInamont,W.Va.
Paducah, Hy.
Tyler. Tex/.s.
'Charleston. S. C.
Troy, N. Y.
common stock.—V. 95, p. 238.
To Swift & Co.—(a) Packingand Other Plants and Stock-Yard Interests.
Hamilton (0.) Gas & Electric Co.—New Officers, etc.— ContinentalPkg.Co.,Bloomington,I11. St. Louis Dressed Beef 46 Provision
The following directors and officers have been elected:
Co., St. Louis.
Cudahy Un. Stk. Yds., Cudahy, Wis.
Directors: J. C. Thorns, F. I,. Perrin, H. L. Brenneman, F. L. Garrison, Denver Stock Yards [V. 89, p. 9221; United Dressed Beef Co., N. Y.
E. Peters, Robert Ramsey and W. E. Hutton.
Viles & Robbins, St. Joseph.
shares (50%).
0.• Vice-Pres. J. C. Thorns; SecrePresident. E. M. Peters, Cincinnati,
Wells Union Stock Yards.
G. H. Hammond Co., Chicago.
239.
tary and Treasurer, E. C. Sierrers.—V. 9'5. p. 300. '
Milwaukee Stock Yards, Milwaukee. Western Packing Co.. Denver.
Winterbotham lot.
Iroquois Natural Gas Co., Buffalo.—Consolidation.--This Northwestern Glue Co.. Chicago.
Northern Rendering
new consolidated company began business on July 1, its auth. Omaha Packing Co.,Co., Chicago. Sturtevant dc Haley B. & S. Co.,
Chicago.
Boston.
capital stock being $10,000,000, of which the P. S. Commis- Plankington Packing Co., Milwaukee.
To Swift & Co.—(b) Branch Houses and Selling Agencies—Control.
sion on June 4 authorized the issue of $8,027,505 for the acquiNorth Adams, Mass.
Albany, N. y.
sition of properties, rights and franchises, as follows:
(H
Ann Arbor,Mich.(HammondBee1Co.) Northam pton.Mass. .L.HandyCo.)
The Buffalo Natural Gas Fuel Co. (V• 92 9' 1111), $1,750,000; Sala- Ashland, Ky.
.
Minneapols (vacant lot).
$65,000; Clear Creek 011 &
manca Gas Co., $70.000; New Angola Gas
Philadelphia (Hammond Co.. fadeAtlanta. Ga.
Co.'
Co., $13,000; Springville Natural Gas Co., $115.000; Walter W. Berlin, N. H.
Gas
pendent Beef Co.)
Richardson. $425,000; and United Natural Gas Co. (of Pa.), $5,589,505 Boston (Hammond Beef Co., Mayo Portland, Me.
(V. 87, p. 1241). The P. S. Commission on July 13 authorized the Buffalo
Portchester.N.Y.(HotchicissBeef Co.)
Meat Co.)
Fuel Co. to lease for one year the natural gas plant of the Erie
Natural Gas
Quincy, Ill.
N. Y. City (St. Louis Dressed Beef & Portland, Ore.
County Natural Gas Fuel Co., Ltd.. In Buffalo, for $6,000—practically as a
Rockford, Ill.
Provision Co., Ft. Greene Market). Quincy, Maas.
continuation of the lease made in 1897.
Scranton, Pa.
Rock Island, Ill.
Walter W. Richardson; Vice-Pres., Lyman M. Bass; Butte, Mont.
Directors: Pres.,
Syracuse, N. Y.
Chicago (Anglo-Amer. Provision Co., Seattle, Wash.
Trees., W. M. Cusack; Seo., Howard S. Jones, and Daniel J. Kenefick.
Utica, N. Y.
Omaha Pkg. Co., S. Water St.)
(Spencer) Kellogg & Sons, Inc., Buffalo.—Incorporated.-- Corning, N. 1'.(Hammond Co.,T.H. Snringfield.Mass.(H.L.Handy Co.)
Womester, Maas.
Wheeler Co.)
This company was incorporated at Albany on Aug. 14 with Detroit (Hammond Beef Co.)
Perth Amboy, N. J.
San terancisco.
Rome. Ga.
$6,000,000 of authorized capital stock, all of one class, of Dover. N. H.(Dover Beef Co.)
Columbus, Ga.
Augusta, Ga.
Hammond, Ind.
which $5,000,000 is now outstanding.
Hartford, Conn. (H. L. Handy Co., SanAntonio,Tex. Shreveport, La.
p The company owns its properties in fee and, It Is understood, is successor
Baton Rouge, La.
Alexandria La.
Hartford Beef Co.)
of Spencer Kellogg & Sons, the firm which In 1910 succeeded the old Hoboken, N. J. 'Joliet, Ill.
Decatur, Ala.
Jackson, Miss,
corporation of Spencer Kellogg & Co. Spencer Kellogg Is Pres., Spencer La Salle, Ill.
Dermott, Ark.
Lynn, Mass.
Gadsden, Ala.
Kellogg .Ir., See., and flovrard Kellogg, Treas. For old bonds, &o., see MoKeesport,Pa.(0maha Packing Co.) Muskogee, Okla. Fayetteville, Ark.
V. 84, P. 936: V. 90, p. 113.
Monroe, Ala.
Rogers, Ark.
New Haven, Conn.
Minden. La.
• Lowell (Mass.) Electric Light Corp.—New Stock.—
New York (Adams Bros. Co.. Ham- Ruston, La.
Magnolia, Ark.
mond Co., St. Louis D. B. & P. Rayville, La.
Subject to the authorizatlor of the Mlle by the shareholders at the meetSalisbury, N. 0.
Co., West Harlem; Hotchkiss Co.. Sumter, S. C.
ing on Sept. 4 1912, the block of $153,100 new stook recently sanctioned by
West Washington Market; Ham- Columbia, S. O. Norfolk, Va.
per
the Gas & El. Lt. Commission will be oTered for subscription at $150
Great Falls.Mont.
Tampa, Fla,
mond Co., Williamsburg).
share to sbookkoldars of record as of Sept. 4, in amounts equal to 15% o
Digest of Letter from President F. 11. Glidden Cleveland.
The business was founded by myself in 1875 and consists in the manufacture of varnishes for every use, notably for the vehicle, piano and cabinet
trades, architectural varnishes, finishes for concrete surfaces and the color
varnishes known as "Jap-a-Lao." Head offices and principal plant In
Cleveland; sales branches in N. Y. and Chicago. Recently opened a
manufacturing plant in Toronto and arranged for representation of its sales
department in various foreign countries.
In 1906 our old plant in Cleveland was destroyed by fire, and the present
plant, unsurpassed of Its kind, was constructed on 16 acres of land at West
Madison Ave. and the New York Central (L. S. & M. S.) Ry. In Cleveland.
The annual sales have risen from nothing to upwards of $2,000.000. The
corporation was formed in 1883 and the 29 years since then have shown
profits, except In 1893, 1894 and 1911, the exceptions being explained by
a general panic, &defalcation and the charging off of the cost of preliminary
development work In foreign markets, and the adjusting to the current
market of prices on certain orders booked In 1910. For the entire 29 years
the total profits were $1,864,446 and the total losses $93,055. The average
annual profits for the last live years, after all proper depreciation and other
charges, have been 5117,720—almost four times the initial and maximum
bond interest charge. For the 7 months elapsed In the current year net
sales exceed any previous year, and the outlook is altogether satisfactory.
The purpose of the bond issue Is to increase working capital. The new
Elleveland plant, which cost about 3700,000, and the investment of over
4150,000 at Toronto. demanded money, while the extension of business
called for more working capital. This issue will enable the company to
discount Its bills. The balance sheet as of June 30 1912, as modified by the
bond issue, carries total assets of over $1,900,000. of which over $1,100,000
arc current assets, comprising cash, accounts receivable, material and merchandise. The only indebtedness besides the bond issue is $185,054 for
materials. The net current assets, therefore, exceed $900,000.
The bonds mature In equal semi-annual installments, and on the 15th
of each month the company must pay into a trust fund one-sixth of the
amount required for the next payments of principal and interest. No dividends are allowed when net current assets are under $500,000. From the
profits of any year the company must pay into a surplus redemption fund,
or retain as working capital, a sum equal to the excess of any dividend over
6% per annum. Net current assets shall not fall below $250,000. Insurance
must equal amount of outstanding bonds, payable to the trustee.
Title to the Toronto plant Is being passed to the Glidden Varnish Co.,
Ltd., of Canada, and the stook of that corporation (all owned by the Ohio
corporation) will be deposited with the trustees as security for these bonds.
No mortgage Is permitted on the Canadian property. The $15,000 mortgage on property in Cleveland will be paid from proceeds of these bonds.
Under the directors the operating management is in an executive committee made up of the heads of departments, with F. A. Glidden, son of the
founder of the business. as Chairman. The board includes the officers the
heads of departments and C. A. Grasselli, 0. M. Stafford, G. P. McKay
and J. H. Dempsey.—V. 95, p. 483.
548
THE CHRONICLE
-Plants, houses and Stock Yards, of 11, hich Morris & Co
To Morris & Co.
Become Owners and Operators.
Omaha Packing Co., South Omah a; Boston (Corwin & Wilde).
Des Moines, Ia.(Hammond Pkg.Co.)
' title, G. H. flammon1 Co.
Omaha Pao'cing Co., old plant; title, Omaha (Hammonl Packing Co.)
Omaha Packing,' Co.
Omaha (Omaha Packing Co.)
St. Jos.Stk. Yds. stos'c, St. Jos., Mo. C.aricshurg, Va. 'Fort Smith, Ark.
Denver Stockyards (part of] stock • Richmond, Va. !Houston, Texas.
Denver, Colo.
St. Joseph,Mo.(Hammond Pkg. Co.)
Morris et. Co. take control of these Memphis.
branch houses and selling auenaes:
Springfield, Mass.(Peterson Beef Co.)
Auburn, N. .
Co.)
Paterson, N. J. (Peterson Beef Co.)
Bradford, Pa.(G. H. Hammond Co.) E.Brookfleld,Mass.(PetersonBee1Co.)
Bridgeport, Conn. (Hammond Co.) Haverhill, Mass. (Peterson Beef Co.)
East Orange, N. J. (Condit Beef & Mobile, Ala.
Bristol, Tenn.
Provision Co.)
Lynchburg, Va. Roanoke, Va.
New York (Adams Bros. Co., West Savannah, Ga.
Charleston,W.Va.
Washington Market).
Corsicana, Tex.
Charlotte, N. C.
New York (Hammond Co., Fort Montgomery, Ala. Eufaula, Ala.
Greene Market.)
-V.95, p. 300, 240.
[VOL. LXXX.X.V
Niagara & Erie Power Co.
-Securities Authorized.
-The
P. S. Commission has authorized the company to issue
$20,000 additional cap. stock and $60,000 30-yr. 5% bonds.
The bonds are to be sold at 80, the proceeds to be used to acquire rightof-way from West Portland, in the town of Portland, Chautauqua County,
southwesterly to the boundary line of Pennsylvania, for the construction of
a high-tension transmission line from West Portland to the Pennsylvania.
line, 17 miles, and to reimburse the treasury for extensions and improvements made since Feb. 1 1911. The estimated cost of the right-of-way
from West Portland to the State line is 520,000 and of the transmission line
540,000.-V. 92, p. 530.
Northern California Power Co. Consolidated.
-Notes Sold.
The company has sold to a Swiss banking house an Issue of $500,000 6%
debenture notes, par $1,000, dated July 1 1912, payable July 1 1017, but
callable upon any interest date prior to maturity at a premium of 34 of 1%
for each year remaining until maturity. Interest J. & J. 15. The proceeds have been used to pay floating debt.
-V. 95, p. 424.
Northern Engineering Works of Detroit.
-Bonds.
-Bolger,
Mosser & Willaman, Chicago, recently offered at'par and int.
National Steel Car Co., Ltd., Montreal-Hamilton, Ont.- $125,000 1st M. 6s dated July 1 1912. A circular reports:
New Enterprise.
Financial statement: Capital stock, [recently, $150,000,1 now $200,000:
-This company was incorporated on July 12
1912 under the Companies Act of Canada, with head office surplus, $217,109; 1st M. bonds, auth. $150,000: issued, $125,000, due
$7,000 1913, then Increasing 31,000 yearly to $16,000 In 1921, with $25,000
in Montreal,to erect and operate a freight-car plant at Hamil- due 1922, but callable on any int. date' 10234. Par $1,000 (0). Int.
at
J. & J. at Detroit Trust Co., trustee. Real estate, buildings and equipment
ton, 0., initial output 30 cars, steel and wood, daily.
valued at over 23.6 times amount of bond Issue. Quick assets must
Capital (in $100 Shares)
-"Present Issue" Practically All Sold Privately.
7% cumulative pref. stock, auth. $3,000,000; present issue____51,500,000
Common stock, authorized, $3,000,000; present issue
2,000,000
The capital now Issued is considered adequate for the building, equipping
and operating of a 30-car plant, while sufficient stock is reserved for substantial future growth. The plant has been designed by Barclay, Parsons
& Klapp of N. Y. City, and is expected to be In full operation on or about
Nov. 1 1912. It is estimated to cost $649,730, viz.: Buildings, $261,230;
machinery, $204,500; property, $100,000; contingencies and engineering,
$84,000. The balance of the company's funds will be available for working
capital. The plans provide for a large ultimate capacity. The company
Is free from the burden of bond interest and the preferred dividend should
be readily covered even In years of depression. Estimated earnings, capacity 30 cars per day, or 9,000 per year (average operation 60% of capacity):
5,400 cars average profit of 8% net on gross business, 5400,000; 7% pref.
div., $105,000; available for corn. dly. $295,000, or 1434% on corn. stock
The Magor Car Co. of Passaic for the 11 months ending March 31 1912
'
shows a trading profit at the rate of 37% on the actual capital invested,
despite the depression and keen competition in the car business in Luc u. a.
At no period in Its history has Canada had more railroad milbage under
construction than at the present time, and the nresent car-building facilities are so inadequate that a large number of cars it of necessity ordered
from the U.S., despite the heavy import duty. [It was originally intended
to call the comnany the Imperial Car Co.].
Directors: President, Sir John Gibson, Lieut.-Gov. Pray, of Ontario:
Sir Henry Pellatt, Toronto. and W. G. Ross, Montreal, directors Dominion
Steel Corporation: C. H. Cahan, K.C., Montreal, Pres. Western Canada
Power Co.; M. H. Coggeihalt, New York, Coggeshall & Hicks, bankers:
V.-Pres. & Gen. Mgr. basil Magor, Montreal, and W. K. Brice, New York,
directors Magor Car Co. Passaic, N. J.; Wm. Barclay Parsons New York:
J. J. Sent, K.C., Ham'llton; William Southam, Hamilton, director Steel
Co. of Canada; Mortitner P. Davis, Pres. Imperial Tobacco Co. Mr. Magor
is resigning the presidency of the Mager Car Co. to become the active head
of the new company. Associated with him will be his former Superintendent, for twenty years with the Amer. Car & Foundry Co.
New River Co. (Coal), Boston and West Va.-Sale of
Notes
-Coupon Payment. -Interests associated with the
present management have taken at par the entire present
issue of $600,000 2-year 6% notes, total amount auth.,
$750,000. The following, from the "Boston News Bureau"
of Aug. 26, we are informed, covers all additional facts:
With the money derived from the sale of the notes, the company will
take care of all bills payable, which, according to testimony at the time of
the receivership proceedings, amount to about $180,000. The interest
which was due on July 1 on the $2,500,000 collateral trust 5% bonds,
amounting to $62,500, will also be paid, the Federal Trust Co. Boston,
trustee of the mortgage, having been instructed to honor such coupons on
and after Monday next.
The new management believes that, with its finances straightened out,
there is no logical reason why from now•on the company cannot make a far
different showing than it has In the recent past. Since President Gross was
elected, early in June, the company has been hampered In its operations
not only by its financial situation, but by reason of the receivership which
was forced by the Dixon interests. Since the discharge of the receivers,
however, the company has been gradually increasing Its output, which
Is now running at the rate of from 5,500 to 7,000 tons per day, or about
3,000 tons greater than a month ago. It is expected that output for September will be substantially in excess of present rate, the most vital factor
being the question of getting sufficient cars from the railroads. Compare
V. 95, p. 424, 240.
always
be 50% of outstanding bonds. Net earnings about three times the interest
charge; average annual earnings last 10 years, $21,989.
A Mich. corporation, one of the largest manufacturers of electric traveling
cranes, hoists, ece., in the country. Business established in 1890; growth
substantial. Buildings modern, latest machinery, fire-sprinkler system,
&e. Pres., George A. True; V.-Pres., William V. Moore; Sec.-Treas.,.
Henry W. Standart, all of Detroit.
North Shore Gas Co., Chicago.
-Reorganization.
-
Sec Chicago Suburban Gas & El. Co. above.
-V.94, p. 356.
Pettibone Mulliken Co., Ohic.(RR. Track Equip.)
-Earnings
The company reports for the seven months ended July 31 an estimated
net Income of over 3220,000, or more than sufficient to meet
dividends
for an entire year on the $2,250,000 1st pref. 7% stock and the
$750,000 2d
pref. 7% stock. There are no bonds.
-V. 94, p. 1511, 1570, 1769.
St. Clair County Gas & Electric Co., East St. Louis and
Belleville, Ill.-Bonds, &c.-Coggeshall & Hicks, New York,
are offering at 95 and int., yielding about 5.30%, a limited
amount of 1st consol. mortgage 5% guaranteed gold bonds,
dated 1909, due March 11959. Coupons M. & S. Central
Trust Co. of Illinois, Chicago, trustee. Guar., p.&i., by the
Amer. Gas Co.(V.94, p. 1181) by endorsement on each bond.
Data from Letter of Pres. Stroud to Biorcn & Co.. Phila., May 27 1912.
Your purchase of 3328,000 1st consol. M. guaranteed 5% gold bonds is
part of a loan for an authorized amount of $5,000,000, of which 51,591,000
Is outstanding, Including the bonds which you have just purchased; $790,000 are reserved to retire $527,000 East St. Louis Gas Lt. Co. 1st 5s due
Sept. 1 1922, but subject to call after Sept. 1 1912 at 105 and int.[562,000
have been called for payment Sept. 1 1912-Ed.], and $263,000 Belleville
Gas & Electric Co. 1st 5s due Sept. 1 1922; the balance, $2,619,000, can
only be issued, under restrictions, for improvements, extensions, dos., at
90% of cost, when net earnings for six months shall have been 1 % times
the interest on the outstanding bonds and those to be issued. (See also
V. 89, p. 663.)
The proceeds of these bonds have been used to retire loans obtained fat'
necessary extensions. About three years ago a well-located site of 11 acres
was purchased and a new water-gas plant, with a total daily capacity of
2,000,000 cu,ft., constructed thereon; it has been in operation for 1 34 years,
supplying gas both to East St. Louis and Belleville. Electricity is supplied in Belleville only, and we have a very good power station at that point.
The two cities combined, including Collinsville, which is now being connected. have a population of about 95,000.
Earnings for Cal. Years 1910 and 1911 and 4 Mos. end. April 30 in '11 & '12.
1910-Year-1911.
1911-4 Mos.-1912.
Income
5303,130 $317,958
$98,766 5111,844
Net (after taxes(
$56,263
$134,913 $159,544
$45,537
Interest on underlying bonds
13,167
39,500
13,215
39,500
Interest on these 5% bonds
23,816
46,570
18,933
61,081
Surplus
$48,843
Of which esPended in procuring
new buqfness
7,150
Reserved for Phila, office expense
.
---V- 95 P. 425.
358,963
313,370
*19,280
9,104
7,826
3,566
2,393
2,696
2,811
Ecranton (Pa.) Electric Co.
-Bonds-Earnings.
-Harris,
Forbes & Co., N. Y., and their associated houses are placing
at 103 and int. $234,000 "first & ref. mtge." 5% bonds.
Tax-free in Penn. Dated July 1 1907; due July 1 1937.
Total now out, $2,951,000; reserved for underlying bonds
New York Telephone Co.
-Listed-Merger.
-The N. Y. $21,000.
Stock Exch. has listed $10,000,000 1st and gen. M. 30-year
1913.
4% sinking fund bonds due 1939, and has also authorized Gross earnings Earnings for Year ended July 31
$769,6431Bond interest
$148,600
$428,4851Surplus
£2,000,000 to be added to the list on notice of issuance, Net after taxes
3279,885
making the total to be listed $68,993,000 (including dollar -V. 94, p. 491.
-Indictment.
Standard Oil Co. of New Jersey.
-The Fedbonds issued in exchange for 2 sterling bonds ($5 taken equal
eral Grand Jury at Dallas, Tex., before Judge Massey on
to £1). Compare bond offering, V. 94, p. 1510.
Approximately $6,300,000 of the proceeds will be spent in the acquisition Aug. 29, returned an indictment against the company and
of stocks of associated telephone companies, $7,500,000 in construction others for
violation of the Sherman Anti-Trust Law, the speduring 1912, and the balance reserved for further development; but may be
temporarily invested in short notes of other Bell companies. The entire cific offense being committed on June 12 last.
proceeds of these bonds will IT invested in property which will provide
additional security for the bonds.
The other defendants are the Standard Oil Co. of New York, the Magnolia
Petroleum Co. of Texas (which Is alleged to be controlled by the Standard
011 Co. and to have acquired a few months since the Security 011 Co..
Navarro Refining Co. and John Scaley & Co.), John I). Archbold, Pres. of
the Standard 011 Co. of New Jersey, Henry C. Folger Jr., Pres. of the
Standard Oil Co. of N. Y., and five other individuals connected with tho
defendant companies.
The defendants are charged on two counts: first, with conspiracy in
restraint of trade, and,second, with attempting to create a monopoly in
the Inter-State trade in oil. The indictment alleges that the Pierce-Fordyce
011 Association of Texas Is engaged in selling various oils and lubricants
and, not being a producer or manufacturer, It has bought its supplies from
the three defendant companies named in the indictment; that the defend
ants entered into a conspiracy for the Magnolia company to establish rival
agencies and sell direct to consumers In the towns where the Pierce-Fordyce
Association has agencies; to hire away the agents and officers of that
association, to announce that the association would not last, to sell oils to
the trade at prices lower than it charged the association, and to refuse to
sell that association engine oil, naphtha and gasoline, without which products it could make no sales to many of its customers.
-V. 94, p. 1388.
Total Collateral (Par Value) Deposited as Part Security for the Bonds.
Bell Telephone Co. of Pennsylvania stock
$59,840,600
Chesapeake & Potomac telephone Co. stock
4,000,000
Electrical Securities & Construction Co. stock
998,000
do
do
do
do
notes
1,400,000
Friendship Telephone Co. stock
999,300
Empire City Suaway Co. 1st M. 6s, due 1942
4,359,000
2d M. 6s, due 1942
8
Consol. Telephone & Electrical Subway Co. 1st 63, due 1940_ _ 1,125,000
2d M. 6s, due 1940
1,125,000
[In July last the P. S. Commission received notice that the company had
Purchased the physical property, and business of the Onondaga Independent
Telep. Co.(V. 93, p. 1792) for $700,000 (consolidated with N. Y. Telco, Co.
June 30 1912, except that the Tully and Liverpool exchanges consolidated
about May 1 1912): the property of the Albany Home Telep. Co. In Greene
County for $50,500, subject to existing mortgages; and the physical property and business of the Baldwinsville Telep. Co., Newburg Home Teiep.
Co.. Home Telep. Co. of Frewsburg and Deposit Home Telep. Co.,for sums
Suffolk Light, Heat & Power Co.
-Bonds Authorized
aggregating $39,000.
The P. S. Commission on Aug. 17 authorized the company to execute a
,
The P. S. Commission on Aug. 9 denied the application of the Mountain
mortgage to secure an issue of $300,000 refunding and extension 5% 25-yr.
Home Telep. Co. of Saranac Lake for permission (a) to take over the Bell
and Independent lines in the counties of Clinton, Essex, Franklin and St. gold bonds and to Issue presently bonds to the par value of 547,000, to be
Lawrence, &c., notably the Adirondack Home Telco. Co. and the Clinton sold at not less than 85, 539,050 Of the proceeds to be used to pay for the
Tel. Co., making a system operating 11.400 stations and 600 miles of toll property of the Riverhead Electric Light Co., which operates in Southamplines, with about 40 sub-licensee or connecting companies with practically ton, Suffolk County, and $17,950 for extensions and improvements to its
5,500 stations; and (b) to issue $633,000 capital stook and $1,004,000 5% plant and distributing system. The Commission finds the estimated reproduction cost of the Riverhead property to be $15,000, and that the combonds under a mortgage securing a maximum issue of $2,000,000J
pany Is reasonably entitled to capitalization to the amount of 52,000 on
Earnings.
-For six months ending June 30 1912:
account of the business now secured in that locality. The remaining 5a,000
must be wiped out of the capital account in ten years by the payment of
Gross earnings
$21,050,641 Interest charges
$1,254,781 $500 annually out of earnings.
Net earnings
5,834,890 Dividends, 4%
5,000,000
Other income
2,351,003 Balance, surplus
Swift & Co., Chicago.
-Plants, 8cc., Taken Over.
1,931,112
-V.94. p. 1360.
See National Packing Co. above.
-V.94, p. 121'
AuG. 31 1912.]
THE CHRONICLE
Plant.—
Tennessee By., Light & Power Co.—Ocoee Power
94, p. 1696, 1187.
See Eastern Tenn. Power Co. above.—V.
ed by
Tennessee Power Co.—Offering of Bonds Guarante
W. Clark &
the Tennessee Railway, Light ct Power Co.—E.
yielding
Co., Philadelphia, recommend at the market price,
the
about 6% income [see advertisement on another page],due
and
1st M. 50-year 5% gold bonds dated May 1 1912ing, $7,May 1 1962. Authorized $50,000,000; outstand
e
500,000. Guaranteed prin. and in (M. &V.) by Tennesse
Ry., Light & Power Co. (see V. 94, p. 1120; V. 95, p. 481).
Pennsylvania State tax refunded. The bankers say in subst.:
River at
549
of fixed charges
at present in the hands of the public, and, after deduction
to more than
prior to the interest on the present issue of motes, is equivalent 94, P.625.
V.
2 1-3 times the principal and interest of these notes. See also
Union Switch & Signal Co., Swissvale, Pa.—Rumors.—
market on the
The stock has recently ruled very strong on the Pittsburgh be held about
expectation In some banking quarters that at the meeting to to the usual
may be declared in addition
2 weeks hence an extra dividend
to diviquarterly payment of 3%. The estimated net earnings applicable
$1,000,000, or
dends for the calendar year 1912 are said to approximate
94. p. 921.
22% on the outstanding stock.—V.
United Cigar Stores Co. of America, N.Y.—Success of Plan.
CorpThe statement is confirmed that of the 90,540 shares of stock of the
been turned in
poration of United Cigar Stores, all except 1,000 shares have of America on
Co.
for exchange for stock of the new United Cigar Stores in V. 95, p. 241.
the basis of $300 of new for $100 of old stock, per plan
Ocoee
These bonds are a first mortgage on water powers on the
p. 883),
United Fruit Co.—Listed.—The N. Y. Stock Exch. has
Parksville, Tenn. (formerly Eastern Tennessee Power Co., V. 92,
h.p. Is In
300.
with an ultimate development of 80,000 h.p., of which 20,000 the Great listed $730,600 stock, making the total listed $30,495,
on
in
operation and 31,000 h.p. is to be immediately added, and also Rock Island.
The new stock was issued in payment for banana farms and properties
acres of land, of which 6,400
of the Caney Fork and Collins rivers near
Falls at the junction
80,000 Costa Rica, including approximately 30,800
Tenn., which is capable of development for an installed capacity ofalso on acres are planted in bananas; 134 acres are planted In cacao; 640 acres
Tenn.;
11.p. and regarded as one of the finest water power sites in River develop- are pasture lands, and 23,626 acres are uncultiVated.
148 miles of transmission lines extending from the Ocoee
July
connection at the
Income Account.—For ten months ending 30'11_ 31 1912: 00
ment to Cleveland, Chattanooga, Knoxville and to a serving Rome, Ga.
_$13,763,0
Co..
$4,414,000 Total surp. Sept.
Tennessee-Georgia State line with the Georgia PowerFalls to Nashville, &c.. Net earnings
Great
July 31 1912 _ _ 16,037,000
354,000 Surplus
Interest on bonds
An additional 272 miles extending by way of
1,786,000 Extra div. (10%) paid
Dividends declared
are to be immediately constructed.
2,706.000
Dec. 19 1911
ime Contracts.
Co's with which Tenn. Power Co. Holds Profitable Long-T
Est. Population.
$13,331,000
Est. Population.
Balance, surplus
Surplus for 10 months_ _$2,274,000
_130,000
Ry. & Light Co__
Chattanooga Ity.&Lt. Co_ ___ 90,000 I Nashville
Power Co.,Rome,Ga. 18,000 —V.95, p. 485, 366.
Cleveland (Tenn.) El. Lt. Co_ 6,000 Georgia
estimated population_ _294,000
United Natural Gas CO. (of Penn.).—Consolidation.—
Knoxville Ry. & Light Co__ _ 50,000 Total the company covenants to deSee Iroquois Natural Gas Co. above.—V. 87, p. 1241.
On May 1 1917, and annually thereafter, the bonds outstanding, to be
equal to 1% of
posit with the trustee a sum
extraordinary renewals, replacements, or
United States Glass Co.—New Directors Elected.—
used to reimburse the company for
not otherwise provided for; also
J. D. Ayres, W. D. George and L. A. Meyran, all of Pittsburgh, have
for additions, enlargements and extensions bonds at not exceeding 107 M.
J. B. Barbour Jr. and
n of those
for the purchase and cancellatio & Power Co. owns the capital stock of the been elected directors, to succeed Wm. Munhall,
The Tennessee Railway, Light and preferred stooks of the Chattanooga Ernst Nickel.—V. 05, p. 479.
Co., the common
Tennessee Power
of the Nashville Railway & Light
Railway & Light Co.. the common stock the Cleveland Electric Light Co.
of
—The New York Real Estate Security Co., 42 Broadway,
Co., and all the bonds and capital stock
common
g $10,250,0o0 6% pref. stock and $20,000,000
It has outstandin
this city, has issued a new circular describing its 6% mortstock. There is no bonded debt.
tax-exempt in New York State.
the Tennessee
These bonds are guaranteed principal and interest by of stocks of the gage bonds due 1927 and
Railway, Light & Power Co., which has pledged its holdingfor its guaranty. This form of investment is offered to investors at par and
as security
Chattanooga Railway& Light Co.(V.80, p.846)
has ex- interest in denominations of $100, $500 and $1,000, secured
Additional bonds may be issued as follows: After the company
an
to a leading New York trust company,
pended not less than $2,000,000 for permanent additions and extensions,
additions, by a trust mortgage
additional $5,000,000 may be issued to pay for further permanentremainder
this mortgage are pledged valuable imenlargements and extensions, at cost or at a fair valuation; the valuation. as trustee. Under
company,
only for further permanent additions, &c., at 80% of cost or fairCo., N. Y., proved income-producing properties owned by the
The definitive bonds of this issue are held by the Bankers Trust
in the best business and residential sections of Manwill issue therefor its negotiable registered interim receipts calling located
which
states that
proceeds of the
for interest at the rate of 5% per annum, payable out of theconvertible into hattan Island, New York City. The company
maturing interest coupons. The interim receipts are to be
invests in the highest class of income-producing apartment
on May 1 1915, with the option to the Tennessee Power it
permanent bonds
May 1
and in mortgages secured by
Co. on May 1 1913, or at any time thereafter, up to and including or pay houses and business property
1915, to deliver to the holder of receipts either permanent bonds If the property of a similar character. The New York Real Estate
value of such receipt.
such holder In cash 90% and int. of the face
holder Security Co had a capital and surplus of $4,014,738 and total
Tennessee Power Co. elects to pay cash for such receipts, then the
the
thereof shall have the right, instead of accepting such cash, to withdraw
assets of $10,594,305 on the date of its last annual statement,
for investment purposes under
Permanent bonds called for by such receipt
one year Dec. 30 1911, when the company owned, at cost or purchase
an agreement not to offer or sell such bonds within a period of
and.
bonds. Bonds
from withdrawal date at less than 96% of face value of such 107 M and int. price, $9,345,898 improved income-producing business
part at
Par, $1,000 (0). Redeemable as a whole or in trustees.
residentialproperties in New York City. The interest on
Trust Co., N. Y., and Benjamin Strong Jr..
Bankers
Co., Engineers.
its 6% mortgage bonds is payable semi-annually Jan. and
Condensed Data from Statement by .1. G. NVhite &
Thomas B. Hidden, President;
total ultimate
Total available power on Ocoee River, 75.000 h. p.; of turbines in July. The officers are:
p.• capacity
capaoity of Parksville development. 38,000 h. of secondary power develop- Win. E. Gaillard, Vice-President; Frank C. Littleton, Vicehouse, 27,000 h. p.; capacity '
Parksville powert on Ocoee President, formerly a member of the New York Stock Exment at Parksville, 11,000 h. p.; capacity of second developmen
Feb. 11011
River, now under construction, 20,000 h.p. Dam commenced of concrete change; Legare Walker, Treasurer; E. J. Roberts, Comp1912; between these dates 155,472 cu. yds.
and finished Feb. 1
R. McCarthy, Secretary. A copy of
e had
were placed, working day shifts only. By Oct. 1911 the power-hous the troller, and Charles
of
been completed and all the machinery installed. The construction
this circular will be mailed to inquirers on request.
and on Feb. 1 1912 approxitransmission lines was begun April 1 1911
mately 180 miles had been completed.
--Spencer Trask & Co., 43 Exchange Place, this city, have
The power developed is transmitted 13 miles at 66,000 volts over two issued a special circular, "Diversified Investments," descriplines separate and the
-phase circuits, to Cleveland, Tenn., where the
3
one issue of notes.
directions, 26
current is carried over single circuit wood polo lines in threenortheast via tive of four issues of first mtge. bonds and
miles west via Ooltewah to Chattanooga, Tenn., 85 miles,
south to Dalton and The firm states:
Athens and Loudon to Knoxville, Tenn., and 70 miles
one's investments
"It is our exerience that the wisdom of diversifying the country over,
Rome, Ga. Special steel construction has been used wherever the lines
investors
cross railroads and rivers, or where,for other reasons,special strength is is becoming more generally appreciated byelement into consIdertaion is
Is navigable and that a list of offerings that takes this
needed. On the Knoxville circuit the Tennessee River, which
disposal. We therefore
at this point, Is crossed by means of an 1,800-ft. span supported by steel always of interest to those having funds at their
securities, each of a distowers 125 ft. in height. [Also see "Engineering Record" of June 22.—Ed.] describe herein several issues of cafefully selected to be among the best iswe consider
tinctly different type, and all of which
—V.94, p. 1321.
— sues of their character now available."
Union Electric Light & Power Co., St. Louis.—Decision.
The U. S. Circuit Court of Appeals at St. Louis on July.23,
reversing the recommendations of the Master in the suit
of
brought by Morgan Jones and other holders to an aggregate
about 3,000 shares of Missouri-Edison Elec. Co. pref. stock,
held that the allotment to them under the consolidation plan
of Sept. 1903 (V. 77, p. 774) was inequitable. Missouri-Edison
3 1903, the
Prior to the voting of the merger on Sept.
the stook, this stock apdirectors had acquired control of about 80% of Is found to be an illegal
proving the sale to the new company. This
stocktransgression of the rights of the minority. The Missouri-Edison
of the new company,
holders, It is held,were entitled to 43% of the stock amount of new stock
Electric Co. The total
leaving 57% for the old Union
the treasury and
was 510,000,000, of which $2,500,000 was placed in to the Missouri$7,500,000 distributed, only $1,500,000 being awarded
Edison Co.
the
It is claimed that there was a "general understanding" at the time of
stock was to receive two-thirds
consolidation that the Missouri-Edison pref.
-Edison Co. This figures out $2,of the amount allotted to the Missouri
or
-Ed.
866,700 Union company stock for the $2,000,000 510. $205 pref. stock, or
per share,
$143 a share, amounting, with 6% interest, to about
stock. The basis of
over $600,000 for the $300,000 minority Preferred $50. The
exact basis
exchange voted and refused by the minority was only
in a decree
of settlement will be determined by the U. S. District Court
which it is directed to enter by the Court of Appeals.—V. 94, P. 1769.
Union Oil CO. of California.—Secured Gold Notes.—Hallgarten & Co., New York, and William Salomon & Co., N. Y.,
have purchased and are placing at par and int. $1,000,000
one-year 6% secured gold notes dated Aug. 1 1912 and due
Aug. 11913, but redeemable at option of company at 100A
and int. on any interest date on 60'days' notice. Par $1,000.
These notes are secured by pledge with the
Int. Q.—F.
Columbia-Knickerbocker Trust Co. of N. Y., as trustee,
of the $1,334,000 first lien 5% 20-yr. sinking fund bonds
at rate of 75 (see bond offering in V. 93, p. 109, 168).
s and
Earnings.
Watchorn Aug. 1 1912—Sale
Statement by Treas. Robert made
during the first six months of 1912 over
The Increase In gross sales
. The increased
the corresponding period of 1911 amounts to 51,155,000
31 1912 are
sales made for delivery during the six months ending Dec.make a total
will
slightly In excess of the aforementioned amount. This
1911 of approximately
increase in gross sales for the year 1912 over that of months ended June 30
$2,500,000. Based on the net earnings for the six
1912, and the prospective increases for the second six months—which are
relatively larger than for the first six months—I estimate the net earnings
.
for the year 1912 applicable to dividends to be not less than $3,000,000 ten
Net earnings of 33,000,000, the bankers say, would be equivalent to
5% bonds
times the amount required for interest on the 56,000,000 first lien
Upon application, copies of this circular will be furnished
to investors, banking institutions and others interested in
investments of this class.
—The banking and investment bond house of J. Harmanus Fisher & Son, 7 South Street, Baltimore, Md. will
hereafter be composed of J. Harmanus Fisher and Edward
McC. Fisher, both of whom are members of the Baltimore
Stock Exchange. This banking firm was founded by J. Harmanus Fisher in 1874. Mr. Fisher was for years the President of the Baltimore Stock Exchange, and is now a trustee
of its gratuity fund. Edward McC. Fisher began as a clerk
in the firm in 1895, became a member of the Stock Exchange
in 1898, and was admitted to the firm in 1899. He is well
known in the financial district of New York City.
—The Scherzer Rolling Lift Bridge Co. of Chicago announces that the Great Central Ry. of England has placed
contracts with Sir William Arrol & Co., Ltd., of Glasgow,
for the construction of a new railway and highway "Scherzer
rolling lift bridge" and approaches across the River Trent at
steel
Keadby, in Lincoln, Eng. The total length ofwill work
will be nearly 500 ft., while the Scherzer span of have a
nearly
movable length of 160 ft. and an extreme width
60 ft., making it one of the largest bascule bridges in the
world.
—Yielding 6% on the investment, E. W. Clark & Co., 321
Chestnut St., Philadelphia, are to-day advertising an offering of Tennessee Power Co. 1st M. 50-year 5% bonds,
guaranteed principal and interest by Tennessee Ry. Light &
Power Co., which has pledged its holdings of Chattanooga
Ry. & Lt. Co. stocks as security for its guaranty. For full
particulars consult to-day's advertisement elsewhere in the
"Chronicle," and our "General Investment News Dept."
—Horace Hatch will become identified with E. Bunge &
Co., 67 Exchange Place, this city, on Sept. 1. Mr. Hatch
has been for the past four years Manager of the open-market
securities department of E. & C. Randolph, 111 Broadway.
at.)0"
THE CHRONICLE
iteparts
[VoL. Lxxxxv.
-
anti Dortnntnts.
CANADIAN PACIFIC RAILWAY COMPANY
THIRTY-FIRST ANNUAL REPORT—FOR THE FISCAL YEAR
ENDED JUNE 30 1912..
To the Shareholders:
—4 miles; Swift Current Northwesterly Branch—BO miles;
The accounts of the Company for the year ended June 30 Suffield
Southwesterly Branch-55 miles.
1912 show the following results:
•I
8. There will be submitted for your consideration t•and
Gross Earnings
$123,319,541 23 approval a lease of the Kingston
Working Expenses
& Pembroke Railway,
80,021,298 40 extendin
g from Renfrew, on the Company's main line west
Net Earnings
$43,298,242 83 of Ottawa, to Kingston, on the St. Lawrenc
Net Earnings of Steamships in excess of amount included
e
in
the Village of Godfrey to Zanesville Mine,in River, and from
monthly reports
1,104,448 79
the Province of
Ontario, a total distance of 107.5 miles; a lease of the
$44,402,691 62 Alberta Central
Deduct Fixed Charges
Railway, extending from Red Deer to Rocky
10,524,937 49
Mountain House, in the Province of Alberta, a distance of
Surplus
$33,877,754 13 65 miles; an agreeme
Deduct amount transferred to Steamship Rent with the St. Mary's & Western
placement Account
Ontario Railway Company canceling existing arrangements
$1,000,000 00
'Contribution to Pension Fund
125,000 00
and substituting a lease of their property for a period of
1,125,000 00
999 years at a rental equivalent to four per cent per annum
$32,752,754 13 on bonds issued or to be issued by that company
From this there has been charged a half
with your
yearly dividend on Preference Stock of 2
consent,to an amount not exceeding $25,000 per mile of their
per cent, paid April 1st 1912
$1,258,333 32
railway; and a deed of conveyance of the Cap de la Madeleine
And three quarterly dividends on Ordinary
Stock of 1 %% eaoh. paid January 2d 1912,
Railway, about 4 miles in length, connecting your Railway
April 1st 1912 and June 39th 1912
9,450,000, CP
near Three Rivers, in the Province of Quebec, with Cap de
810,708,333 32 la Madelein
e, on the St. Lawrence River, and with the
$22,044,420 81 Wayagamack Pulp & Paper Company's works.
From this there has been declared a second
half-yearly dividend on Preference Stock,
9. An indenture of lease from the Government of
the
payable October 1st 1912
$1,333,9 1 94
Province of New Brunswick, as lessor, to this Company, as
And a fourth quarterly dividend on Ordinary
Stock of 1 h%, payable Octoberlst 1912
lessee, of the New Brunswick Coal & Railway for a
3,150,000 00
term
$4,483,901 94 of 999 years at a rental of fifty per cent of
the net earnings
Leaving net surplus for the year
of the said railway, as defined and calculated in the said pro$17,560,518 87
In addition to the sa.ove dividends on Ordinary Stock,three
per cent was posed lease, will be submitted for your sanction
paid from Specie' Inoome.
.
railway extends from a point in the vicinity of Minto, inThis
THE FOLLOWING ARE THE DETAILS OF SPECIAL
the
YEAR B DED JUNE 30TH 1912. INCOME FOR County of Sunbury, to a point of junction
with
Balance at June 30th 1911
colonial Railway, near Norton in the County of the Inter$9,702,205 20
Kings, in
Interest on Cash Proceeds and on Deferred Payments
for
the Province of New Brunswick, a distance of approximately
land sold
'
1,817,774 37 58 miles, and
Interest on Deposits and Loans
will form a portion of a connection between
605,140 21
Interest on Can. Pao. By. 1st Mortgage Bonds acquired
_61,612 00 your Railway and a coal mine in the Province of New
Iuterest from Minneapolis St. Paul & Sault Ste. Mario If
Brunsy.
wick, now in process of development.
Bonds
159,720 00
Interest from Duluth South Shore & Atlantic By. Bonds_ 10. For the purpose of securing a shorter and more expe100,000 00
Ihterest from Mineral Range By. Bonds
50,160 00 ditious route
'Interest from Toronto Hamilton & Buffalo By. Bonds
between Quebec and points in New England,
10,840 00
Interest from Kingston & Pembroke Ry. Bonds
13,320 00 served by your friendly eornection, the Boston & Maine
Interest from Dominion Government Bonds
182,500 00 Railroad, your Director
Interest from Ontario Government Bonds
s thought it advisable to lease the
48,000 00
Interest from British Consols
Quebec Central Railway, forming the connection between
Interest from Montreal & Atlantic By. Bonds, and on other 114,569 44
Sherbrooke and Levis together with branch lines from
Securities
174,311 88
Dividend on St. John Bridge & By. Extension Co. Stook--'
50,000 00 Beauce Junction to St. Sabine, and from Tring to Megantic,
Dividends on Dominion Express Co. Stock
100,000 00 all in the Province of Quebec, making
Dividends on Minneapolis St. Paul & S. S. M. By. Common
a total of about 253.5
Stock
miles of railway, at a rental based upon the interest on the
Dividends on Minneapolis St. Paul & S. S. M. By. Preferred 890,645 00
outstanding 1st, 2nd and 3rd Mortgage Bonds of the Quebec
Stock
48,3260:
Dividends on Alberta By. & Irrigation Company Stock
Central Railway Company, and a dividend on the outstand
Dividend on West Kootenay Power & Light Co. Common 245,241 50
ing Capital Stock of that Company at four per cent per
Stock
27,500 00 annum
Dividends on West Kootenay Power & Light Co. Preferred
for four years from July 1st 1912, and thereafter at
Stock
1,925 00 the rate of five per cent per annum, and you will be asked to
confirm the action of your Directors and sanction the agree$7,860,790 60
Less—Payments to Shareholders in dividends:
ment of lease between your Company and the Quebec CenSeptember 30th 1911, January 2nd 1912, April 1st
1912 and June 29th 1912
5,400,000 00 tral Railway Company.
11. The Shuswap & Okanagan Railway, 51 miles in length,
$2
• From this a dividend has been declared, payable October .460,790 60 extending from Sicamous Junction, on your main line
•. 1st 1912
1,350,000 oo in British Columbia, to the head of Okanagan Lake was
leased to your Company on its completion in 1892 for a
Leaving net surplus carried forward
'
$1,110,790 60 period
of 25 years, and it was a condition of the•lease that
2. The working expenses for the year amounted to 64.89
the Company should pay by way of rental forty per cent
per cent of the gross earnings, and the net earnings to 35.11
per cent, as compared with 64.77 and 35.23 per cent, re- of the gross earnings of the line, as defined in the lease, in
quarterly amounts. The interest on the bonds issued by
spectively, in 1911.
3. Four per cent Consolidated Debenture Stock to the the Shuswap & Okanagan Railway Company for the conamount of $2,252,516 was created and sold, and of the pro- struction of the line, amounting to £10,000 per, annum,
ceeds the sum of $1,481,592 was applied to the construction was unconditionally guaranteed by the Province of British
of authorized branch lines; £300,000 was used for acquisition Columbia. Until 'within the last two years the rental was
of steamships for Pacific Coast Service, as authorized;£5,000 insufficient to meet the annual interest charge, with the
was used to acquire a like amount of your Company's First result that the Province of British Columbia had a deferred
Mortgage 5% Bonds; and the balance, £465,924, was devoted claim against the Shuswap & Okanagan Railway Company
to the acquisition of the bonds of other railway companies for the deficiency in interest amounting to about £80,000
whose lines constitute a portion of your system, the interest at the end of last fiscal year. As the principal of the bonds
on which had, with your sanction, been guaranteed by your will mature July 1st 1915, and it is manifestly desirable
that your Company should retain possession of the line, a
Company.
4. Four per cent Preference Stock to the amount of lease of the property for a period of 999 years has been
arranged and will be submitted for your approval. The
£1,976,390 was created and sold, the proceeds being used
meet capital expenditures that had your previous sanction.to rental to be paid by your Company is an amount equivalent
to four per cent per annum on the outstanding bonds of the
' 5. Your guarantee of interest was endorsed on Four
cent Consolidated Bonds of the Minneapolis St. Paulper company and on any that may hereafter be issued with your
&
Sault Ste. Marie Railway Company to the amount of consent. Upon being subrogated in the rights of the Prov$1,520,000, issued and sold to cover the cost of 76 miles of ince, your Company has undertaken to make good to the Province the deficiency in interest, to which reference has been
railway added to that Company's railway system.
made.
6. During the year 669,639 acres of agricultural land
2. Your land in British Columbia secured by the Consold for $10,710,143 00, being an average of $15 99were
acre. Included in this area there were 3,270 acres per struction of the Columbia & Western, and British Columbia
of Southern Railways had, by lapse of time and
irrigated land, which brought $44 25 per acre, so
judgment of the
average price of the balance was $15 85 per acre. that the Court, become subject to taxation. Of the lands in these
grants 434,696 acres were sold during the past twelve years
7. Your Directors consider it desirable to extend
following branch lines of railway in Manitoba, Saskatc the at an average net price of $1 77 per acre. As these constihewan tuted the most accessible of the lands, and
and Alberta, and will ask you to sanction the issue of
the remainder
the were so situated that they would necessarily be very
requisite amount of Four per cent Consolidated Debentu
slow of
re sale, your Directors decided after negotiations covering
Stock to meet the expenditures, viz: Boissevain to Lauder
a con- siderable period to re-convey to the Governm
37 miles; Weyburn Lethbridge Branch-125 miles; Kerroent of the
Province of British Columbia the unsold portion of these two
bert Northeasterly Branch-11 miles; Wilkie Anglia Branch
land grants, excepting an area of 543,496 acres reserved by
Aua. 3I .1912.]
THE CHRONICLE
551
Government of the Province of British Columbia and herethe Company to meet its timber and tie requirements, at the after the figures relating to them will appear in your annual
Provincial
price of 40 cents per acre. This will enable the very easy statements.
authorities to encourage settlers to take up on Company
18. At a Special General Meeting of the Shareholders
terms such of the lands as may be of use, and the from the held on May 11th 1892, called for the purpose of giving
be relieved from the cost of administration and
will
are erect to the Act of 1892, a Resolution was adopted authorpayment of rather heavy annual taxes. Your Directors
to create and issue from time to time Conizing the
opinion that the transaction, which was not completed solidated Company
of
Debenture Stock payable in Sterling money of
after the close of the fiscal year, will !Drove to be advan- Great Britain and bearing interest not exceeding four per
until
your
tageous to both the Province of British Columbia and to
per annum, for the purpose of satisfying or acquiring
Company, and they hope that their action will meet with cent
Mortgage Bonds of any other railway company the principal
your approval.
of which the Company shall have already guar13. The Georgian Bay & Seaboard Railway, recently or interest
The Dominion Atlantic Railway Company, whose
built under the auspices of your Company between Victoria anteed. you have leased, provided its money requirements
Harbour, on Georgian Bay, and Bethany, Ontario, to provide railway
by an issue of three classes of Debenture Stock, upon which
a shorter and more economical lake and rail route between your Company has guaranteed- the payment of the annual
Western Canada and the Atlantic Seaboard, has proved interest as a consideration for the lease of the property.
of
more expensive than was anticipated,due to the character to It is quite likely that in the future it will be found desirable
the line that it was finally determined to construct andthe to acquire a portion, or all, of this Debenture Stock by an
other conditions. The power conferred by Parliament on
issue of your own Four per cent Consolidated Debenture
Georgian Bay & Seaboard Railway Company to issue bonds Stock, and, in order to comply strictly with the provisions
limited
for the purposes of its undertaking was originally
of Parliament of the Act of 1892, it will be necessary to have an issue of
to $30,000 per mile, but at the last sessionmile, and your Consolidated Debenture Stock for that purpose approved
per
this amount was increased to $55,000enter into a supple- by the Shareholders at the Special General Meeting duly
Directors will ask your authority to
Rail- called for the purpose immediately after the Annual General
mentary agreement with the Georgian Bay & Seaboard bond Meeting.
way Company to increase the limit of that company's lease
19. The under-mentioned Directors will retire from office
issue, upon which this Company has, by virtue of the way at the approaching Annual Meeting. They are eligible
approved October 3rd 1906, agreed to pay interest by
for re-election:
of rental from $30,000 to an amount not exceeding $55,000
Mr. WILMOT D. MATTHEWS,
Sir SANDFORD FLEMING. K.C.M.G.,
per mile of railway.
Mr. ADAM R. CREELMAN, KG.,
Glen Tay
14. Instead of continuing the double track from
Sir WILLIAM WHYTE.
to Agincourt, on the Ontario & Quebec Railway between
For the Directors,
Montreal and Toronto, your Directors have decided, if you
T. G. SHAUGHNESSY, Presidtnt.
approve, to secure a line between these two points that will
Montreal, August 12th 1912.
serve the territory further south, and will reach several
important towns on the North Shore of Lake Ontario. An
CONDENSED BALANCE SHEET JUNE 30 1912.
agreement has, therefore, been glade with the Campbellford
$382,829,051 33
Railway and Equipment
Lake Ontario & Western Railway Company for the con- Ocean. Lake and River Steamships
21.338,974 12
struction, under your Company's supervision and control, Acquired Securities (Cost):
80,525,353 $2
"A"
Exhiolt
of that company's railway, 184 miles in length, between Properties Held in Trust for the Company
6,378,358 03
41,468,821 88
Glen Tay and Agincourt, both in the Province of Ontario, Deferred Payments on Land and Town Site Sales
16,654,401 70
Under Construction
and for the lease of the railway when completed to your Advances to Lines
12,360.997 99
Advances and Investments
13,017.431 90
Company for a period of 999 years, at a rental equivalent Material and Supplies on Hand
to four per cent per annum on the bonds of the Campbellford Current Assets:
$4,805,132 07
Agents and Conductors' Balances
5.023,469 41
Lake Ontario & Western Railway Company, issued with
Miscellaneous Accounts Receivable
9,828,601 48
your consent.
10,088.734 86
Temporarily Invested in Government Securities
33,628,819 03
15. Your present route between points in the Kootenay Cash in Hand
and Boundary Creek dstricts, of British Columbia, and the
8628.119,545 64
Pacific Coast is long and expensive, and the best means of
securing a more direct route has engaged the attention of capital StockSubscription to New Issue Capital Stock ($18.-$180,000,000 00
16,806,621 00
your Directors for some time past. The Kettle Valley Payments on
000,000 00(
66,695,097 03
Railway Company, having a Dominion charter, covering the Four Per Cent Preference Stock
153,823.706 86
Four Per Cent Consolidated Debenture Stook
territory between Midway, the terminus of your Boundary Mortgage Bonds:
$34,998,633 33
Creek Line, and Merritt, on your Nicola Line, undertook to
First Mortgage, 5 per cent
3.650,000 00
Algoma Branch. 1st Mortgage
build the railway between these points, under the advice and
48.648.633 33
to the satisfaction of your Directors, upon condition 'that Current Liabilities:
$11,361,277 06
Audited Vouchers
your Company would lease the line, approximately 270
5,621,929 55
Pay Rolls
290,366 38
miles in length, and the branch line along the North Fork of
Net Traftio Balances
6,271,762 30
Miscellaneous Accounts Payable
the Kettle River, 24 miles in length, whenever and as soon
23,545,335 29
to
as the Kettle Valley Railway Company is competent
Interest on Funded Debt and Rental of Leased Lines:
Coupons due July 1 1912, and including
make a lease, paying by way of rental the interest at four
$1,207,274 00
Coupons overdue not presented
per cent per annum on the bonds of the Kettle Valley Railway
184,428 35
Accrued Fixed Charges
1,391,702 35
Company, issued with your consent, any subsidy received
1,040,000 00
any Equipment Obligations Fund
from the Dominion or Provisional Government, or from
2,103.093 54
Equipment Replacement
5.721.852 37
other source, to be applied on an agreed basis towards the Steamship Replacement Fund Improvements
3,535,712 14
for Additions and
4,382.617 80
cost of construction of the railway and a corresponding Appropriation for Contingencies
Reserve Fund
57,538,307 59
reduction in the amount of bonds to be issued. This line Lands and Towa Sites Sales
72.885,966 34
the Surplus
will give you access to a large and important section of
$628,119.545 64
Province in which development should quickly follow railway
facilities, ynur Directors will suggest that they be clothed
Note.—.In addition to above assets, the Company owns 6.660581 acres
Alberta (average
with power to make an agreement of lease when the requisite of land in Manitoba. Saskatchewan and British Columbia. sales past year
$15 99 per acre), and 4,395,948 acres in
legal formalities have been complied with.
1, G. OGDEN, Vice-President.
16. The amounts appropriated for new works, exclusive
AUDITOR'S CERTIFICATE.
of railway construction, were abnormally large in the year
We have examined the Books and Records of the Canadian Pacific Railunder review. For the enlargement of terminals, additional way Co. for the fiscal year ending June 30 1912, and, having compared the
Sheet and Income Account therewith, we certify that. In
buildings, shops, second tracks, sidings and improvements annexed BalanceBalance Sheet is properly drawn up so as to show the true
efficiency of your our opinion, the of the Company at that date, and that the relative Inof every variety calculated to improve
financial position
is correct.
railway system, and to facilitate the movement of your large come Account for the yearPRICE, WATERHOUSE & CO..
.
and increasing traffic, the amount of $30,000,000 was authorChartered Accountants. (England).
Montreal. August 9 1912.
s and cars,
ized to be expended and orders for locomotive
FIXED CHARGES FOR YEAR ENDED JUNE 30 1912.
$1.749,931 66
representing an expenditure of $25,750,000, were placed. £7,191,500 First Mortgage Bonds 5% due July 1 1915
$8.933 34
Many of these works cannot be completed within the season
£200,000 St. Lawrence dc Ottawa Ry.4% 1st Mtge. Bonds
Man. S. West. Colzn. Ry, 1st Mtge .5% Bonds
with the limited amount of labor available, but your Direc- $2,544,000 due June 1 1934
127,200 00
140,000 00
tors are sparing no effort to meet the convenience of the
Toronto Grey & Bruce Ry. Rental
56
Ry. Debenture
public and to strengthen your own position. Canadian £4,007.381-15-5 Ontario & Quebec Ordinary Stock Stock 5% 975,129 00
6%
120.000
32,000,000 Ontario
their £1,330,000 Atlantic & Quebec Ry. Ry. 1st Mtge. Bonds due
manufacturers of freight cars are very much behind in
& North West.
323,633 34
January 1 1937
deliveries, but they promise to do better, and there is little
£750,000 Algoma Branch 5% 1st Mtge. Bonds, due July 1
182,500 00
doubt that all of the equipment ordered abroad will be
1937
$500,000 New Brunswick Southern Ry. 1st Mtge. Bonds,
forwarded according to contract.
15,000 00
3%
17. In 1905, when pour Ceinpany acquired the Esquimalt
$500,000 Lindsay Bobcaygeon & Pontypool 1st Mtge.
20,000 00
Bonds, 4%
& Nanairno Railway, you also purchased the unsold lands
218,357 60
Rental, Calgary & Edmonton Ry
1,10000
on Vancouver Island belonging to that Company, about
Rental, Farnham to Brigham Jet
23,800 00
Rental, Mattawainkeag to Vanceboro
1,400,000 acres in area, at the price of $1,330,000. Thus far
372,829 74
Rental, New Brunswick Ry. System
and the
25,353 15
250,000 acres have been sold, yielding $3,364,000,
Rental, Terminals at Toronto
35,297 73
Rental, Terminals at Hamilton
remaining area is of great value, although some portions of it
42,191 12
Rental, Hamilton Jct. to Toronto
was
are so situated that they cannot well be utilized. There
2,050,00
Rental. St. Stephen & Milltown Ry
2,442 05
Rental. St. Mary's & Western Ontario Ry
the possibility that these lands might be subject to taxation
5,000 00
Rental, Joliet & Brandon fly
and
if segregated from the Esquimalt & Nanaimo Railway,
939 96
Rental, Lachine Canal Branch
15,403 37
therefore they have never been taken into your accounts,
• Interest on Montresi & Western Ry
63.086 67
the
• Interest on Equip Obligations
but an agreement about taxes, has been made with
552
THE CHRONICLE
Brought forward
$4.500,459 29
[VOL. LXX.XXV.
4% Consolidated Debenture Stock.
E30,490,493 Interest from July 1 1911
$5,035,482 62
£996,530 Interest from Jan. 1 1912
96,995 58
£120,588 Interest from July 1 1912
Position of Land Grants at June 30 1912.
Canadian PacificAcres.
Grants
Disposed of t the Dominion Government under20,710,401
the agreement of March 30 1886
6,793,014
$6,032,478 20
bees received from subsidy
Northern Colonization Railway
8,000 00
Purchased from Hudson's Bay Co. January 1011_ _ 19,917,386
_
Acquired with the Alberta Railway & Irrigation Co. 102,174
March 1912
209,558
6,024,478 20
$10,524,937 49
EXHIBIT "A"
-ACQUIRED SECURITIES.
Securities of Leased Lines.
Atlantic F0 North West By. 1st Mortgage
Eganville Branch 1st Mortgage Bonds,Bonds, 5%
4%
Guaranteed Stock
'Capital Stock
Alberta Railway & Irrigation Co. Ordinary
Stock
British Columbia Southern By. 1st Mortgage Bonds,
5%_ _
'
Capital Stock
'Berlin Waterloo Wellesley & Lake Huron
By.'1st Mortgage Bonds, 4%
Calgary de Edmonton Ry. 1st Mortgage Bonds,
4%
*Capital Stock
Columbia & Kootenay By. 1st Mortgage Bonds. 4%
*Capital Stock
Columbia & Western By. 1st Mortgage Bonds, 4%
'Capital Stook•
Great North West Central By. 1st Mortgage Bonds, 5%
'Capital Stock
Guelph & Goderich By. 1st Mortgage Bonds, 4%
*Capital Stock
Georgian Bay & Seaboard By. 1st Mortgage Bonds, 4%._
_
'Capital Stock
'Kootenay de Arrowhead By. 1st Mortgage Bonds,
5%- *Kootenay Central By. Capital S5ock
'Lindsay Boboaygebn & Pontypool By. Capital Stock_
_
Manitoba & North Western By. 1st Mortgage Bonds, 6%.._
1st Mortgage Bonds, 5%
Shell River Branch 1st Mortgage Bonds, 5%
Debenture Stock, 5%
Preferred Stock, 5%
•Capital Stock
Manitoba South West Col. By. 1st Mortgage Bonds, 5%
Capital Stock
Montreal ec Ottawa By. 1st Mortgage Bonds, 5%
'Capital Stock
'New Brunswick ik Southern By. Capital Stock
Northern Colonization By. 1st Mortgage Bonds, 4%
'Capital Stock
Nicola Kamloops & Similkameen By. 1st M.
Bonds,4%
*Common Stook
•Nakusp & Slocan By. Common Stock
Ottawa Northern & Western By. 1st M. Bonds, 4%
'Capital Stock
Ontario & Quebec By. Capital Stock
Orford Mountain By. 1st Mortgage Bonds, 4%
*Capital Stock
Saskatchewan & Western By. 1st Mortgage Bonds, 5% __ _
'Common Stock
'South Ontario Pacific By. Common Stock
Shuswap & Okanagan By. 1st Mortgage Bonds, 4%
Common Stock
' Lawrence de Ottawa By. Common Stock
St.
St. Maurice Valley By. 1st Mortgage Bonds, 4%
'Capital Stock
Tllsonburg Lake Erie & Pacific By. 1st M. Bonds,
4%--- '
Common Stock
Vancouver & Lulu Island By. 1st Mortgage Bonds, 5%
'Capital Stock
Walkerton & Luoknow By. 1st Mortgage Bonds, 4%
'Common Stock
Par Value.
$19,456 67
302,400 00
3,240,000 00
176,000 00
3,146,300 00
1,175,000 00
172 200 00
Sales to June 30 1912
Less canceled during year
Quantity of Land Unsold
Manitoba South Western
Total Grant
Sales to June 30 1912
Less canceled during year
Quantity of Land unsold
Great North West Central
Total Grant
Sales to June 30 1912
Less canceled during year
Acres.
20,229,111
13,822,923
59,046-13,763,87Y
6,465,242
1,396.800
1,301,822
14- 1.301,808
94,092
329,004
220,074
417- 211,657
426,000 00
Quantity of land unsold
5,900,000 00
100,347
1,000,000 00
Total Agricultural Lands owned by the Company
1,277,500 00
(3,660,581
250,000 00
5,591,000 00
925,000 00
BRITISH CULUMBIA LANDS.
1,375,000 00
450,000 00 Columbia and KootenalyAcres.
Acres.
2,415,000 00
Total Grant
190,000
125,000 00
Sales to June 30 1912
158,414
309,000 00
Less canceled during year
59- 158,355
250,000 00
780,000 00
Quantity of Land unsold
31,645
250,000 00 British
Columbia Southern
200,000 00
Total Grant
2,627,513 33
3.451.093
Sales to June 30 1912
334,330
2,520,000 00
Less canceled during year
161- 334,169
160,600 00
613,200 00
Quantity of Land unsold
415,050 00
3,116,924
5,612,113 63 Columbia and Western
Grant Received
72,000 00
1,347,905
Sales to June 30 1912
700,000 00
102,206
Less canceled during year
1,636,250 00
1,680100,526
227,200 00
Quantity of Land unsold
49,000 00
1,247,379
1,118,000 00
Total British Columbia Lands owned by the Company_
300,000 00
_ _ _ 4,395,948
1,175,000 00
250,000 00
300,000 00
3,075,000 00
-DETAILS OF BALANCE SHEET ITEM.
804,000 00
5,000 00 Lands and Townsites.
13,763,877 acres and Townsites sold,amountingto
702,000 00
$08,192,095 63
6,793,014 acres disposed of to the Dominion Government
501,000 00
In 1886
181,040 00
10,189,521 00
232,500 00
20,000 00
$108,381,616 63
Less-Expenses, Cultivation rebate and 10%
5,35333
on Land
Grant Bonds retired and canceled
731,000 00
10,827,665 11
466,000 00
945,000 00
$97,553,951 52
500,000 00 ADD
1,057,500 00
Proceeds Manitoba So. West. Col.
400,000 00
$3,011,279 08
Proceeds Great North West CentralBy. Land Sales
By. Land Sales
455,000 00
1,001,918 70
Proceeds Manitoba de North Western By.
25,000 00
63,088 89
Proceeds British Columbia Land Sales Land Sales_
740,000 00
1,417,816 08
19,000 00
$103,048,034 28
Securities of Other Companies Controlled but not Leased.
Less-Cost of lands purchased from
Hudson's Bay Co_ _ _ _ 1,396,591 54
Duluth S -nth Shore Fc Atlantic By. Con. M. Bonds, 4%..-..
$15,107,000 00
Income Certificates
$101,651,442 74
3.000,000 00 DEDUCT:
Preferred Stock
5,100,000 00
Ordinary Stock
Expenditures on Irrigation
6,100,000 00
7,919,614 15
Dominion Atlantio By. Capital Stock
1,101,848 03
Preferred Stock
1,309,666 67
$93,731,828 59
Kingston & Pembroke By. 1st Mortgage Bonds. 3%
Amount expended in Construction of Railway and Equip571,000 00
1st Preferred Stock
ment and deducted from cost of Property
995,450 00
36,193,521 00
20d Preferred Stock
134,900 00
Ordinary Stock
1,968,400 00
bilnn. St. Paul de Sault Ste. Marie By. 1st M. Bonds, 4% _ _.
$57,538,307 59
3,093,000 00
Preferred Stock, 7%
6,361,800 00
Common Stock
12,723,500 00
Montreal & Atlantic By. 1st Mortgage Bonds, 5%
-CONSTRUCTION ACQUIRED AND
945,000 00
BRANCH
Common Stock
LINES.
2,160,000 00
*St. John Bridge F0 By. Extension Co. Common Stock
200,000 00 Moosejaw Branch
'Dominion Express Co. Common Stock
$1,136,877 08
2,000,000 00 Craven-Bulyea Branch
'Chateau Frontenao Hotel Co. Common Stock
116,685 17
280,000 00 Virden-McAuley Branch
94,325 77
Stonewall Branch Extension
Miscellaneous Securities.
2,876 53
Lauder Branch
3,280 69
Canadian Pacific fly. 1st Mortgage Bonds, 5%
Weyburn-Lethbridge Branch
787,205 34
$1,232,240 00 Langdon
Canada North West Land Company Common Stock
1,418 54
5,625 00 ICipp-Aid Branch
Mineral Range By. 1st Mortgage Bonds, 4%
631,965 44
1,254,000 00 13assano- erside Branch
Toronto Hamilton & Buffalo By. 2nd Mortgage Bonds, 4%
Irricana
472,059 78
271,000 00 Regina-Colonsay Branch
Capital Stock
Branch
653,224 94
203,700 00 EstevanTown of Morris, Manitoba Bonds
Forward Branch
284,577 39
15,000 00 Waldo-Gallowa
'Canadian Pacific) Railway (Souris Branch) 1st Mortgage
y Branch
141,606 89
Bonds, 4%
Moosejaw S. %V. Branch
681,539 79
1,915,666 67 Wilkie N.
'Pacific Steamships 4% First Mortgage, £720,000
474,079 73
3,504,000 00 Kerrobert W. Branch
'Pacific Coast Steamships 5% First Mortgage, £225,000
140,448 03
1,095,000 00 NVilkie-A N. E. Branch
West Kootenay Power & Light Co. Preferred Stock
nglia
262,597 68
55,000 00 Swift Current Branch
Common Stock
727,620 68
1,100,000 00 Swift Current S. E. Branch
N. W. Branch
615,679 44
$133,328,934 23 Boissevain-Lauder Branch
54,873 27
.
Suffield S. W. Branch
49,550 64
'Denotes complete ownership.
Three Forks
-Bear Lake
nch
249,182 06
Surveys of projected lines
174,844 57
We have examined all the securities, including those listed
above, held
for account of the Canadian Pacific Railway Company, by
$7,686,609 45
and have received certificates from the Custodians for those the Treasurer,
deposited with
the Banks and Trust Companies for safe custody, and, having
them with the records of the Company, find them correct and in compared
order.
EXHIBIT "E"-EXPENDITURE ON ADDITIONS AND
IMPROVEPRICE, WATERHOUSE & CO.,
MENTS FROM JULY 1 1911 TO Jf/N11 30 1012.
Chartered Accountants (England). Main Line
Montreal. August 9th 1912.
Quebec to Bonfield
$631,354 88
Montreal Terminals
1,625,820 23
Windsor St. Station Extension
-LANDS SOLD.
"B"
830,331 42
Double Track Bridge over St. Lawrence River:.
810,749,29
Bonfield to Port Arthur
Amount
Average Port
Canadian Pacific Land Grants528,415 57
Acres.
Arthur to Field
Realized.
Per Acre.
5,175,667 07
July 1 1911 to June 30 1912
666,699
$10,653,198
$15 98 Field to Vancouver
2,419,086 83
July 1 1910 to June 30 1911
628,092
9,391,459
14 95
Manitoba South Western Grant
Total Main Line ________________________________
____ $12,036,425 29
July 1 1911 to June 30 1912
Branch Lines ____ _ _____
2,140
40,305
_______________________ 1,554,394 88
18 83 Telegrap
July 1 1910 to June 30 1911
20,711
h Extensions and Additions
128,178
6 19
Great North West Central Grant
358,141 97
Office Buildilg, Toronto ________________________
_______
July 1 1911 to June 30 1912
456,540 78
800
16,640
20 80 Office Building, Edmonton _________________________ __
July 1 1910 to June 30 1911
222,457 23
2,071
Office Building, Saskatoon _____________________
38,790
18 73
1,000 00
Office Building, Victoria _______________________
____
Total Sales
125,209 00
Rented and temporary sidings ________________________
July 1 1911 to June 30 1912
__
213,095 00
689,839
10,710,143
15 99
July 1 1010 to June 30 1911
650,874
Total Main Line and Branches
0,558,427
14 89
$14.967,264 13
---
EXHIBIT "C"
EXHIBIT "D"
__ ___________________________
EXHIBIT
_________________
AU*. 31 1912 j
-EXPENDITURE ON LEASED AND ACQUIRED
EXHIBIT "P"
LINES FROM JULY 1 1911 TO JUNE 30 1912.
31,988,434 43
Ontario & rhos Railway
276,282 60
Atlantic & 'North West Railway
372,639 46
New Brunswick Railway
45,011 21
Railway
Montreal & Western
9,978 53
Manitoba South-Western Colonization Railway
11,068 18
Columbia & Kootenay Railway
369,560 26
North-Western Railway
Manitoba &
4,986 30
Great North-West Central Railway
217,433 27
Calgary & Edmonton Railway
291,810 27
Railway.
Columbia & Western
49,166 17
Montreal & Ottawa Railway
15,927 94
Nicola Kamloops & SimIlkameen Railway
2,239 93
Lindsay Bobcaygeon & Pontypool Railway
17,912 64
Joliette & Brandon Railway
5.454 65
Lake Erie & Pacific Railway
Tilsonburg
1,202 30
St. Maurice Valley Railway
3,743 92
Walkerton & Luoknow Railway
27,207 53
Railway
Guelph & Goderich
10,155 17
New Brunswick Southern Railway
137 28
Orford Mountain Railway
12,157 07
Ottawa Northern & Western Railway
$3,732,509 11
RECEIPTS AND EXPENDITURESJ YEAR ENDED JUNE 30 1912.
$34,371,550 98
Cash in hand June 30 1911
10,088,734 86
Temporarily Invested In Government securities
Receipts
Surplus Revenue as per statement
Special Income as per sattement
$32,752,754 13
5,158,585 40
37,911,339 53
Land Department
Lands and Townsites:
8,279,537 17
Net proceeds of sales
Collection of Deferred Payments on pre6,028,524 87
year's sales
vious
$14,308,062 04
Less amounts remaining in Deferred
13,380,925 93
Payments on year's sales
Bonuses
Dominion Government Subsidy:
On Moosejaw Branch
" Selkirk Branch-Gimli Extension
927,136 11
78,432 00
30,176 00
108,608 00
Capital Stock
.
Subscription to $18,000,000 Additional Ordinary Stock
16,806,621 00
Payments on installments
Four Per Cent Preference Stock:
9,444,080 19
Amount realized from issue £1,976,390
Consolidated Debenture Stock
11,016,661 59
Amount realized from Issue £2,252,516
$120,674,732 26
Deduct
Advances to Lines under Construction_ _ _ _516,654,401 70
12,360,997 99
Advances and Investments
9,828,601 48
Current Assets
Less amount at Jane 30 1911
553
THE CHRONICLE
$38,844,001 17
26,684,005 17
12,159,996 00
$108,514,736 26
Expenditures
Dividends on Preference Stock:
2 per cent paid September 30th 191t.,_ $1,141,533,31
1,258,333 32
2 per cent paid April 1st 1912
Dividends on Ordinary Stock:
234 per cent paid September 30th 1911._ $4,500,000 00
4,500,000 00
234 per cent paid January 2nd 1912
4,500,000 00
234 per cent paid April 1st 1912
4,500,000 00
29th 1912
2 M per cent paid June
$2,399,866 83
18,000,000 00
197,665 27
Properties held in trust for the Company
7,686,609 45
Construction of acquired and branch lines, Exhibit"D"
AdditWions and Improvements, main line and branches, •
14,967,264 13
Exhibit "E" Additions and Improvements, leased and acquired lines,
3,732,509 11
Exhibit"F"
15,801,577 89
Rolling Stook, Shops and Machinery
608,857 86
Ogden Shops at Calgary
Ocean, Lake and River Steamships:
Additional Steamships and Appurtenances for Pacific:
$749,894 19
Coast Service
Less sale of Steamship
11,000 00
"Amur"
738,894 19
86,740 83
Additional River Steamers and Barges
1,819 44
Extension to Steamship "Alberta"
Payments on account of Steamships "Empress of Asia" and
1,557,671 94
"Empress of Russia"
Less amount paid from
778,835 97
Steamship Replacement
778,835 97
62,260 15
Additional Facilities at Liverpool
1,668,550 58
Securities Acquired
& Edmonton fly. 1st Mortgage
Calgary
$2,200,000 00
Bonds
Kingston & Pembroke fly. 1st Mortgage
254,637 50
Bonds
4,767 07
Shuswap & Ontanagan fly. 1st M. Bonds_
Tilsonburg Lake Erie & Pacific fly. 1st
67,500 00
Mortgage Bonds
125,550 00
Alberta fly. ec Irrigation Co. Stock
10,183 06
Dominion Atlantic fly. Stook
1,099 25
Kingston & Pembroke fly. Stock
30,550 00
Shuswap & Okanagan Ry. Stock
517,493 25
Power & Light Co. Stock_
West Kootenay
Minneapolis St.Paul & Sault Ste.Marielty.:
Balance of subscription to Ordinary and
1,324,920 00
Preferred Stock
4,545,700 13
160,000 00
Payment of Equipment Obligations
1,826,177 89
Increase In Material and Supplies on hand
WORKING EXPENSES FOR THE YEAR ENDED JUNE 30TH 1912.
338,923.050 02
Transportation Expenses
17,719,795 21
Maintenance of Way and Structures
13,608,708 19
Maintenance of Equipment
2,880,800 32
Traffic Expenses
944.594 34
Parlor and Sleeping-Car Expenses
1,064,011 53
Expenses of Lake and River Steamers
3,444.394 51
General Expenses..
1,435.944 28
Commercial Telegraph
280,021,298 40
Total
SURPLUS INCOME ACCOUNT JUNE 30TH 1912.
355,374,493 44
Balance at June 30th 1911
Net earnings of Railway and Steamship Lines $32,752,754 13
5,158,585 40
Special Income
37,911,339 53
[as per statements]
$93,285,832 97
Less: Dividends on Preference Stock, paid
30th 1911 and April 1st 1912_ _ $2.399.866 03
September
And dividends on Ordinary Stock, paid September 30th 1911, January 2nd 1912, April
18,000,000 00
1st 1912 and June 29th 1912
20,399,866 63
Total Surplus Income:June 30th 1912
4
$72,885,966 3.
From this there-have been declared the dividends on Preference and Ordinary Stook payable October 1st 1912,
$5,833,901 94
amounting to
S.
APPROPRIATIONS FOR ADDITIONS AND IMPROVEMENT
37,119.285 64
Balance at June 30th 1911
3,583,573 50
Less: Expended during year included In Exhibits E and P
$3,535,712 14
Amount unexpended
STATEMENT OF EQUIPMENT AT 80TH JUNE 1912.
1,820
Locomotives
'First and second-class Passenger Cars, Baggage Cars and Colonist
1,841
Sleeping Cars,
300
First-class Sleeping, Dining and Cafe Cars
75
Parlor Cars, Official and Paymaster's Cars
61,446
Freight and Cattle Cars (all kinds)
1,065
Conductors' Vans
4,254
Boarding, Tool and Auxiliary Cars and Steam Shovels
'Includes cars in Line Service as follows: St. John and Boston Line,
12 cars; Montreal and Boston Line, 14 cars; Toronto Hamilton and Buffalo
Line, 14 cars.
OCEAN, LAKE AND RIVER STEAMERS.
-Empress of Britain, Empress of Ireland, Lake ChamAtlantic Service.
plain, Lake Erie, Lake Manitoba, Lake Michigan, Milwaukee, Montcalm,
Montfort, Montreal, Montrose, Monmouth, Montezuma, Mount Royal,
Mount Temple, Cruizer.
-Empress of India, Empress of Japan, Monteagle.
Pacific Service.
-Beaver, Charmer, City of Nanalmo, Czar, Joan,
Pacific Coast Service.
Nanoose. Otter, Princess Adelaide, Princess Alice, Princess Beatrice,
Princess Charlotte, Princess Ena, Princess May, Princess Mary, Princess
Patricia, Princess Royal, Princess Sophia, Princess Victoria, Qualicum,
Tees, Transfer No. 1, Transfer No. 2, Transfer No. 3, Queen City.
-Alberta, AssInibola, Keewatin, Manitoba, AthaUpper Lake Service.
basca.
-Aberdeen. Bennington, CoBritish Columbia Lake and River Service.
lumbia, Castlegar, Hosmer, Kaleden, Kokanee, Kootenay, Kuskanook,
Okanagan, Proctor. Rossland, Bandon. Slocan,
Minto, Moyle, Nelson,
Valhalla, Y mfr. York, Whatshan.
Ferry Service.-Ilichigan, Ontario.
DESCRIPTION OF FREIGHT FORWARDED,
Year ended June 30th
1912.
1911.
1910.
8,459,850
8,469,744
7,489,812
Barrels_
Flour
151,731,691
111,169,982
Bushels_ 112,795,345
Grain
1,663,315
1,567,665
1,381,183
Head_
Live Stock
Feet_2,292,821,963 2,441,007,107 2.806,735,006
Lumber
305,079
298,345
280,878
Cords_
Firewood
7.196,225
5,759,344
5,468,548
Manufactured Articles___Tons_
0,092,821
8,971,037
7,567,052
Tons_
All other articles
FREIGHT TRAFFIC.
Year ended Juno 30th
1912.
1911.
1910.
25,940,238
22,536,214
20,551,368
Number of tons earrled
one mile 7,772,012,635 8,062,102,013 10391.650,965
Number of tons carried
0.77 eta.
0.81 eta.
0.77 eta.
Earnings per ton per mile
PASSENGER TRAFFIC.
Year ended June 30th
1912.
1911.
1910.
13,751,516
12,080,150
11,172,891
Number of passengers carried_ _
Number of passengers carried
1,355,266,088 1,457,332,932 1,626,577,067
one mile
1.96 eta.
1.93 eta.
1.83 eta.
Earnings per passenger per mile
frr
•
•
-FOR TWELVE MONTHS ENDED
TRAIN TRAFFIC) STATISTICS
JUNE 30TH 1912 AND 1911.
(Earnings of Lake and River Steamers not Included in this Statement.)
Inc.(+)or DeC• (-)•
Per
Amount or
Year ended
Year ended
Cent
Number.
June 30 1912. June 30 1911.
Train Mileage+2.197,495 12.63
19,591,027
17,393,532
Passenger trains
+3,936,799 18.14
21,701.893
25,638,692
Freight trains
+47,371 2.82
1,680,421
1,727,792
Mixed trains
+6,181,665 15.16
40,775,846
46,957,511
Total trains
Car Mileage
Passenger:
Coaches and P. D.
$71,594,778 94
+10,683,798 11.95
89,404,332
100.088,130
and S. ears
Deduct:
+105,296 3.74
2,812,227
2,917,523
Combination cars
6,797,596 57
Increase In current liabilities
Baggage, Mall and
+4,191,316 10.89
38,487,654
Express Cars- .12,678,970
$64,797,182 37
310,088,734 86
Temporarily Invested in Government Securities
Total Passenger
33,628,819 03
Cash on hand
+14,980.410 11.46
130,704,213
145,694,623
oars
$108,514,736 26 Freight:
+95,504,877 20.73
556,244,798 460,739,921
Loaded
.54
+754,994
139,455,186
140,210,180
Empty
+4,349,752 18.49
23,521,772
27,871,524
Caboose
EARNINGS FOR TIIE YEAR ENDED JUNE 30TH 1912.
From Passengers __________________________________ $31,812,207 82
+100.609,623 16.13
Total Freight cars 724,326,502 623,716,879
79,833,734 03
" Freight
859,557 54 Passenger cars per Traf" Mails
.29
-.02
6.85
6.83
fic Train Mile
" Sleeping Cars, Express, Telegraph and Miscellaneous 10,814,041 84
Freight cars per Traffic
.75
-.20
26.67
26.47
Train Mlle
23
$123,319,541
Tots)
'554
THE CHRONICLE
Inc.(+) or Dec.(-).
Amount or
Per
[VOL. toonocv.
%he Touxutercial rgiutes„
Year ended
Year ended
Passenger Traffic- June 30 1912. June 30 1911.
Number. Cent.
Passengers carried'earning revenue)
13,503,569
11,928,943
+1,664,626 13.95
Passengers carried(earning revenue) one mile1,1310,251,856 1,440,649,164
+169,602,692 11.77
Passengers carried(earnFriday Night, Aug. 30 1912.
ing revenue) one mile
Trade continues to increase at big centres in this.country.
per mile of road_ __ _
149,549
139,297
+10,252 7.36
Average Journey per
Iron and steel prices keep advancing. The condition of
passenger ___ _miles
118.46
120.77
--2.31 1.91
Average amount retrade in these products is regarded as in the main excellent.
ceived per passenger
$
' 2.30
2.31
.43 The crops, on the whole, look well. In addition there are
-.01
Average amount reindications of a good foreign demand for American grain,
ceived per passenger
mile
eta.
1.92
1.94
+.02 1.04 partly owing to the destructive rains in England
and an
Averagenuinberof passengersper train mile
75.53
75.53
excessive rainfall also in France and Germany. Prices of
Averagenumber ofpassengers per car mile_
15.62
15.63
+.01
.06 commodities in general have recently shown an upward
Revenue from passentendency. Industrial corporations in some cases are paying
gers per passenger
car mile
30.31
cts.
29.91
+.40 1.34 larger dividends. A scarcity of cars is complained of in the
Total passenger train
earnings per train
West.
mile
1.75
1.73
3
+.02 1.16
LARD on the spot has been stronger,influenced by light
Total passenger train
earnings per mile of
receipts of hogs, a firmer market for cereals and the fact that
road
3,471.85
3,101.72
$
+280.14 8.78 there
has been some increase in the demand. Prime Western
Freight Traffic
Tons of revenue freight
11.45c., Middle Western 11.20c. and city steam 11c. Refined
carried one mile_ _ _10,180,782,322 7,859,966,837 +2,320,815,485 29.53
lard has been in good demand and firm; Continent 11.75c.,
Tons of non-rev,freight
_1,615,529,852 1,241,451,628
carried one mile_
+374,078,224 30.13 South American 11.35c. and Brazil in kegs 13.35c. The
Total tons (all classes)
speculation in lard futures at the West has been moderately
freight carried one
11,796,312,174 9,101,418.466 -4-2,694,893,709 29.61 active. Prices have shown more or less irregularity, though
mile
Tons of revenue freight
fluctuations in prices have not been marked. Of late the
carried one mile per
mile of road
945,519
759,983
+185,536 24.41 tendency has been upward, in the main, owing to a rise in
Tonsof non-rev.freight
cereals, the strength of the situation in live hogs and support
carried one mile per
150,039
mile of road
120,036
+30,003 25.00 from packers.
Total tons (all classes)
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
freight carried one
•
Sat.
Mon.
Tues.
Wed. Thurs.
1,095,558
mile per mile of road
Fri.
880,019
+215,539 24.49 September delivery cts_11.00
11.00
10.92
10.95
11.00
Average amount re11.05
October delivery
11.073 11.12 X 11.00
1l.023. 11.10
ceived per ton per
11.15
mile of revenue
PORK has been quiet but steady; mess $2010$20 50, clear
ots_
0.772
freight
--.047 5.74 $19 75@$22,family $20
25@$21 25. Beef has been in small
Average No. of tons of
revenue freight per
demand but stady; mess $15 50@$16, packet $17@$17 50,
train mile
372.02
336.15
+35.86 10.67 family $18@$18 50, extra
Average No. of tons of
India mess $29@$29 50. Cut
non-rev. freight Per
meats have been firm; pickled hams, 10©20 lbs., 13@13Mc.;
train mile
59.03
53.09
+5.94 11.19 pickled bellies, 6,012 lbs., 13c. Butter,
Average No. of tons of
creamery extras,
2634@27c. Cheese, State, whole milk, new, white, specials,
/
(all classes) freight
per train mile
431.05
389.25
+41.80 10.74 16@1634c. Eggs, Western firsts, 21@22o
Average No. of tons of
.
revenue freight per
OIL.
-Linseed has been firm. There has been a good
loaded car mile
18.30
17.06
+1.24 7.27 demand for jobbing
quantities. City, raw, American seed,
Average No. of tons of
non-rev, freight per
69@70c.; boiled, 70@71c.; Calcutta, 78c. Cotton seed oil
loaded car mile
2.91
2.119
+.22 8.18 has been firmer; winter, 6.74@7.25c. summer
;
Average No. of tons of
white, 6.70e.
Cocoanut oil has been in good demand and firm; Cochin 10@
(all classes) freight
per loaded car mile_
21.21
19.75
+1.46 7.39 103ic.; Ceylon, 8%@9%c. Chinawood firm at
9610c.
Freight train earnings
per loaded car mile_cts.
14.13
13.97
+.16 1.15 Corn has been fairly active at 6@6.10c. Cod steady at
Freight train earnings
44@46c. for domestic.
per train mile
$
2.87
2.75
+.12 4.36
COFFEE on the spot has been quiet but steady. Rio
Freight train earnings
per mile of road- - -$
7,298.71
0,222.89
+1,075.82 17.29 No. 7, 14 Yic.; Santos No. 4,
1c. West India
15M©153s
growths have been quiet and steady; fair to good Cucuta,
STATEMENT OF CANADIAN PACIFIC RAILWAY PENSION
DEPARTMENT TO JUNE 30TH 1912.
153'©15Y
1c. The speculation in futures has been active,
Balance at June 30th 1911
3670,487 46 with prices more or less irregular. At times declines have
Amount contributed by Company for year
125,000.00 occurred, owing
Amount received as interest
to disappointing cables from Europe and
39,582.24
COMMERCIAL EPITOME.
X
Payment of pension allowances for year
3335,069 70
149,665 38
Balance in Cash and Investments
$685,404 32
Number on Pension Roll at June 301/4 1912.
Under 60 years of age
Between 60 and 70 years of age
Over 70 years of age
Total
64
269
204
537
-The new banking firm of John D. Howard & Co., organized by John D. Howard, William E. Bush and Oscar M.
Lemoine, will begin business to-day at 217 E. Fayette St.
(Maryland Casualty Bldg.), Baltimore. Mr. Howard is the
retiring member of the old firm of J. Harmanus Fisher &
Son, which partnership dissolves to-day and will be continued
by J. Harmanus Fisher and Edward Mce. Fisher under the
old name.
-"Bargains In Bonds" is a terse designation applied to a
list of bonds issued by Farson, Son & Co., members of the
New York Stock Exchange, 21 Broad St., N. Y., and the
First National Bank Bldg., Chicago. The firm states that
the bonds in this list are selling in some cases as much as
16 points below their high prices and show a return on the
investment of from 5% to 7%.
-W. N. Coler & Co., bankers, 43 Cedar St., N. Y., are
offering a new municipal loan for banks and trust funds
$800,000 City of Ithaca, N. Y., regular refunding water
bonds, to yield 4.15%; and also City of Baltimore, Md., 4%
regular sewerage stock, due 1961, which is legal for New York
and New England savings banks and trust funds.
•
-Lamarche & Coady, investment specialists in gas, electric light and street railway securities, at 25 Broad St., this
city, have prepared a special circular on the "United Light &
Railways Co." of Grand Rapids, the holding company for
public utility companies operating in Illinois, Iowa, Indiana
and Tennessee. Free copy on request.
-"What the Investor Should Know about Bonds" is the
title of an illumining little book on this subject written
by Francis Theodore Tilton, of the bond department of the
Guaranty Trust Co. of this city. A copy will be mailed to
any interested inquirer.
Brazil, lower firm offers from Brazil, the quietness of the
spot trade and liquidation. Notices for some 30,000 bags
of September were issued on the 28th inst. On all declines,
however, support has been given by leading interests and
prices have rallied. Moreover, the crop in Brazil is declared
to be suffering from a lack of moisture, and the receipts in
that country have been comparatively light. Closing prices
were as follows:
September.13.00 ®13.01
October__ _13.00 ® 13.01
November 13.00 ®13.01
December 13.00 ®13.01
January _ _13.03 ® 13.05 May
February _13.03 13.05 Juno
March _ _13.08 ,13.09 July
April
13.09 t 13.10
13.10 ®13.11
13.08 13.10
13.06 ® 13.07
(4
SUGAR.
--Raw has been more active and firmer. Centrifugal, 96-degrees test, 4.23 Mc.; muscovado, 89-degrees
test, 3.73 Mc.; molasses, 89-degrees test, 3.483c. The
world's visible supply of sugar is stated, at 1,390,000 tons,
against 1,440,000 tons a year ago. Refined has been more
active and firmer. Granulated 5.10c.
PETROLEUM.
-Refined petroleum has been firm. The
domestic demand has been of normal size for this time of the
year. Barrels, 8.35c.; bulk, 4.75c., and cases, 10.25e.
Naphthas are firm and are moving quite freely on both sides
of the water; 73©76 degrees in 100-gallon drums 2204
drums, $8 50 extra. Spirits of turpentine 42Mo. Common
to good strained rosin, $6 55.
TOBACCO.
-Interest still centres largely in the position
of binder. Manufacturer continue to seek desirable leaf
and the available supply is small. Fully three-fourths of the
Connecticut crop is said to have been contracted for. Wisconsin advices report increasing inquiries from manufacturers,
though business in that State is being hampered by the
high prices demanded. Sumatra continnes firm, with a fairly
active trade. Havana retains a firm tone, though trading
of late has been rather quiet.
COPPER has been slightly easier, owing to a falling off in
the demand and some pressure to realize by recent buyers;
lake 17%@17.673'c.; electrolytic 17.60@17.65c. Lead has
been firm at 5.65c.; 50,000 pounds sold recently at that price.
Speller has been quiet and firm at 7.27Mc. for spot. Tin has
been in moderate demand and firmer; spot 46.80c. Iron has
been active and firm; No. 1 Northern $16 50@$17; No. 2
Southern $16 25@$16 50. Railroad equipment manufacturers have been good buyers and further liberal contracts
from this source are said to be impending. Structural material has continued active and strong.
THE CHRONICLE
AutE, 31 1912]
555
COTTON.
On Shipboard, Not Cleared for
-
Friday Night, August 30 1912.
THE MOVEMENT OF THE CROP, as indicated by our
telegrams from the South to-night, is given below. For the
week ending this evening the total receipts have reached
118,710 bales, against 71,598 bales last week and 21,959
bales the previous week.
Receipts at-
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Total.
19,146 16,629 31,332 13,332 16,630 17,369 114,938
Galveston
Texas City
Port Arthur, &o.
1'76
56 1,645
New Orleans
7 55
. 46
i
86
iyi
Gulfport
7
Mobile
--15 ---5 -15 ---ii -65
13
Pensacola
___
____
____
Jacksonville, &o.
-----------4
4
1,646
Savannah
5
107
156
-511
203
Brunswick
-------266
Charleston
------------14
Georgetown -------------------------------Wilmington
------------- --- 176
32
19
22
38
Norfolk
50
-15
N,port News, &a.
------------------New York
- - ---- ------___ _
74
8
____
40
26
Boston
---------Baltimore---Philadelphia
------------------10 730 in.on5 32.542 14.443 17.081
18.000 118.716
0,1,0o +5.'a 'wont,.
The following shows the week's total receipts, the total
since Sept. 1 1911, and the stocks to-night, compared with
last year:
1911-12.
Receipts to
August 30.
1910-11.
This Since Sep 7'his Since Sep
Week. 11911. Week. 11910.
114,938 3,715,050
Galveston
Texas City586,468
__ 280,250
Port Arthur, 6:o_
1,543 1,661,916
New Orleano____
Gulfport
64,802
Mobile
63 383,833
Pensacola
216,114
Jacksonville, 6co_
4
50,423
Savannah
1,046 2,385,523
Brunswick
404,363
Charleston
266 416,009
Georgetown
____
1,169
Wilmington
548,064
Norfolk
1'76 '751,787
39,352
N'port News, 6:o_
____
6,961
New York
63,112
74
Boston
123,629
Baltimore
Philadelphia --------3,037
Stock.
1912.
1911.
107,142
27,665
300
17,939
23,125
26,955
549
2,095
974
23,836
26,200
1,320
20,045
3,225
19,375
20,722
2,911
664
1,248
• 78
9,736
742
2,157
79
23
165
115,038
2,369
1,000
1,966
89,947
3,871
554
725
118.710 117018112 178.487
Tntnl
96,364
10,100
285.819
196.898
Note.
-3,918 bales added at New Orleans and 4,342 bales at Savannah
as correction of receipts since Sept. 1,
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons:
Receipts at
-
1912.
1911. I
Galveston ___
Texas City,&c
New Orleans_
Mobile
Savannah
Brunswick
Charleston,&o
Wilmington_
Norfolk
N'port N., 6co
All others_ _ _ _
114,938
78
116,710
178,487
1910.
267
Total this wk _
1,543
1,646
--266
176
96,364
10,100
17,939
5491
23,836,
26,200
1,320;
1,2481
664
72,448
1909.
1908. I
51,289
1,601
35,676
298
3,110
831
35,270
1,450
1,790
1,781
729
147
338
86,130
81,420
77,202
6,528
195
4,932
81
. 344
1
I
4,799;
1,560,
18,723
3211
53,
821
2851
141,
1907.
26,582
1,324
231
13,241
659
1,091
1,184
167
80
44,559
Since Sept. 1- 11701862
The exports for the week ending this evening reach a total
of 79,468 bales, of which 26,318 were to Great Britain,
34,261 to France and 18,889 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1911:
Week ending Aug. 30 1912.
Expo/tat to-
From Sept. 1 1911 to Aug. 30 1912.
.1..;xpor ted to
-
1.:.c Ion
frOrm-
Great
GoadContiGreat
neat.
Total.
Britain.France. neat. Total. Britain. France.
,6341,399,165 315,0821,380,091 3,094,346
3alveston
4
5
4
92,658 81,752 585,914
11,504
..
Texas City-----------------66,140 117,178 204,864
Pt.Arth.,&c. ------------------21,546
yew Orlean
1,022 830,200 174,971 595,454 1,600,625
___ _
925
07
66
ifobile __-_
66 107,336 65,654 119,319 292,309
...... _
___
1758 64,337
___
Pensacola__
90,329 216,424
____
-------------- --31,373 27,429 64,802
.Gulfport
69,672 1,143,428 1,786,574
-Savannah__
--710
'710 473,47
97,664
---175,160 372,824
-___
Brunswick
-_ .. 199,209 250,574
_
_
----------------51,365
Charleston ---------------- 162,097 115,441 224,888 502,426
____
_
Wilmington
14,756
21,492
----___
---Norfolk_ _ __
.
0 736
____ 1,458 12,936 282,098 89,038 318,634 689,770
New York_ 11,478
13,28i. 180,751
-_._ 173,469_
--- ------Boston _.-.
6,227 104,671 130,266
19,362
100
------100
Baltimore__
25,608 90,247
Phlladelohla, ------------------64,639
6,829
6,829
-___
------ Portland,Mo ---211,778 211,778
San Fran_.
153,884 153,881
Seattle ____
69.808 59,808
Tacoma __
___
-----4,868
4,86:
--..
---__
__-Detroit _
Great
GerOther CoastAug. 30 at- Britain. France many. Foreign wise. I Total.
New Orleans__
Galveston ____
Savannah _ _ _ _
Charleston_ _
Mobile
Norfolk
New York
Other ports__ _
An,
757),, I:1
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
60
211
6,300 16,354
1,156
6,567
1,000
1,566
-366
-
Total 1912_ 36,173
8,484
Total 1911
Total 1910_ 13,334
1,427
2,542 66,87
_
9:665 9:666
2,800
6,511 17,854 8,023 11,542 80,103
3,081 8,014
1,686
1,908 23,173
2,198 23,218 12,641
2,744 54,135
21,698
40,266
20,045
3,225
2,095
736
112,238
5,413
205,716
173,725
171,914
Speculation in cotton ior future delivery has been fairly
active at declining prices. The decline was attributed to
large receipts at Galveston and Houston, more favorable
crop reports from Texas and other parts of the belt, sluggishness of the spot marketf at the South and some heavy
selling for both sides of the account.. The idea very generally
entertained is that th:i next Government report, to be published on Tuesday, Sept. 3, will be of a rather bearish kind.
The condition of the crop is such that many believe that it
will be in the neighborhood of 14,000,000 bales. At the
same time they call attention to the fact that a good deal
of cotton must be carried over from this season. The last
crop is put at 16,250,000 bales, and nobody claims that the
world's consumption of American cotton has even approximated any such huge quantity. It follows that the prospective supply during the season now about to open must include at least a couple of million bales from the last crop.
Besides, spinners during the past season have in many cases
bought heavily for delivery a year ahead, or even several
years ahead. This was done more particularly by European spinners. At the same time they are believed to be far
better supplied with the raw material than they were a year
ago. The spot markets have been quiet for the most part,
and latterly have betrayed a certain amount of weakness.
This in itself has counted in no small degree against prices
of futures. Southern hedge selling here has also made more
or less impression on the price. Selling by large spot houses
has at time been quite noticeable, and it would
be ignoring the facts to pass this over as an
unimportant factor. It has been quite the reverse. Waldorf-Astoria operators have also sold. So at times have
Liverpool, Memphis and New Orleans, and, it would seem,
some important Southwestern interests. A good deal of
stress has been laid upon the big receipts at Galveston and
Houston. The outlook in Texas is declared to be favorable
for a good crop, if not for a crop of unexampled size. Bearish sentiment has been almost universal on both sides of the
water. It is based on the existence of liberal stocks and the
belief that the coming crop will be so large as to raise supplies to a figure which will preclude the possibility of an advance; but, on the contrary, will point unerringly to a lower
value as something more in consonance with the facts of
supply and demand. On the other hand, the crop is late
according to all accounts by at least two to three weeks.
That means that the weather from now on must be favorable
and that an early frost would in all probability cause serious
mischief. And some of the reports from Texas attack the
idea that the crop in that State will much exceed that of last
year. They state that boll-weevil, worms and drought have
done harm in Texas during the past month, even though
many reports agree that the plant looks better than it did
a year ago. Yet on the whole the season in Texas is asserted
in some cases to be so late that unless killing frost occurs
at a late date, the yield in that State may easily be much
curtailed. In many other States, while there has been some
improvement during August, the reports concur in the statement that a late frost is essential to a good yield. Meantime
the cotton-goods business is prosperous on both sides of the
water. At present prices for raw materials the mills, it is
averred, are making good profits and can easily afford to pay
the same. Latterly spinners have bought futures here to
some extent. So have some of the spot houses, even including some which are understood to he bearish in their
Ideas. To-day was a day of "evening up" on the eve of the
Labor Day holiday and the Government report, which will
appear next Tue day, Sept. 3. Spot cotton closed at 11.25c.
for middling uplands, a decline for the week of 45 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
Aug. 24 to Aug. 30Middling uylands
Sat.
11.70
Fri
Mon. Tues. Wed. Thurs.
11.50 11.30 11.25 11.25 11.25
NEW YORK QUOTATIONS FOR 32 YEARS.
1912..c
1911
1910
1909
1908
1907
1906
1905
11.25
12.00
19.75
12.90
9.50
13.55
9.80
11.15
1904..e
1903
1902
1901
1900
1899
1898
1897
11.65
12.75
9.00
8.62
9.62
6.25
5.75
8.25
1896_e
1895
1894
1893
1899
1891
1890
1889
7.88
8.19
6.88
7.62
7.19
8.25
11.00
11.50
1888_0
1887
1886
1885
1884
1883
1882
1881
11.06
9.88
9.19
10.31
10.94
10.12
12.94
13.00
MARKET AND SALES AT NEW YORK.
Spot Market
Closed.
Total__ 20,318 34,261 18,881 79,4684,282.1301,19Q,5935,048,65210527375
Total 11 __ _ 4., no, •tn
35,113
Leaving
Stock.
Saturday__ _
Monday_ __ _
Tuesday ___
Wednesday_
Thursday __
Friday
Total.._ _
Futures
Market
Closed.
Quiet
Quiet, 20 pts. dee_ _
Quiet, 20 pts. dec_ _
Quiet, 5 pts. dec__ _
Quiet
Quiet
Steady
Easy
Steady
Very steady _ _ _
Easy
B ray bteady„
SALE'S.
Spot. Canted Total.
1,700
100
1,700
100
100
114
28
-;i66
514
28
242
2.200
2,442
100
556
[VOL. Lxxxxv.
Tim CHRONICLE
FUTURES.
-The highest, lowest and closing prices at
AT THE INTERIOR TOWNS the movement
-that is,
the receipts for the week and since Sept. 1, the shipments
New York the past week have been as follows:
for the week and the stocks to-night, and the same items
31 8.1 31 'SO cs l 31 31 31 II 4.1 II
i
for the corresponding period for the previous year-is set
I
out in detail below.
•I . s I
1
ti
@I @I @I @I @I @I @I @I ®l @I
.0Nc00000....1.000000100N.100.0S0.100...IN.
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OD
OD
71
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-
•-I
r4
1.
v-I
21
21
21
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21
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ele e ee e
.. nr.. W. .0 .0
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e
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"7 "7 7 "7 "7 ®I "7 ®j "7
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7
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R .R.q
II
el
.
0
00
II9 22 22 22 °2 12 22 II 22 II
00
NN
000000
CoM
Wednesday,
Aug. 28.
7
'0.
I
,
Tuesday,
Aug. 27.
I
Monday,
Aug. 26.
' Saturday,
Aug. 24.
0
12 29 22 12 22 22 12 22 II 22 11 II
P',E, W.3 = Ig 8"8 = 12 gg 11 gg II II
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Movement to August 30 1912.
Thursday,
Aug. 29.
II
13 02 2,T. 12 gN = 12 &T.' II '!° II II
4
0 .. .. 0 .0 00 .
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Total, 33 towns__
''.
21
Receipts.
Friday,
Aug. 30.
11
.1
.
21
Week. I Season.
N
21
Movement to September 1 1911.
(4
d@I
!
E
:
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.
-We give below a statement showing the
overland movement for the week and since Sept. 1, as made
THE VISIBLE SUPPLY OF COTTON to-night, as made up from telegraphic reports Friday night. The results for
up by cable and telegraph, is as follows. Foreign stocks, the week and since Sept. 1 in the last two years are as follows:
as well as the afloat, are this week's returns, and conse----1911-12-------1910-11---August 30Since
Since
quently all foreign figures are brought down to Thursday ShippedWeek, Sept. 1.
Week, Sept. 1.
evening. But to make the total the complete figures for
Via St. Louis
1,787 658,213
1,480
Via Cairo
to-night (Friday), we add the item of exports from the
258
68,387
513
Via Rock Island
8,458
United States, including in it the exports of Friday only.
Vla Louisville
143
173,601
67
August 30Stock at Liverpool
Stock at London
Stook at Manchester
1912.
bales. 600,000
11,000
73,000
1911.
443,000
12,000
27,000
1910.
331,000
5,000
21,000
1900.
336,000
17,000
50,000
684,000
10,000
213,000
100,000
2,000
16,000
14,000
10,000
482,000
14,000
28,000
56,000
2,000
17,000
16,000
7,000
357,000
12,000
60,000
72,000
2,000
11,000
19,000
7,000
903,000
12,000
125,000
155,000
3,000
22,000
18,000
5,000
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stook at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total Continental stook
365,000
140,000
183,000
Total European stocks
1,049,000
India cotton afloat for Europe__ _
67,000
113,059
Amer cotton afloat for Europe
Egypt,Brazil,&e.,aflt.for Europe. 31.000
Stock in Alexandria. Egypt
32,000
Stock in Bombay. India
454,000
Stock In U. S. ports
284,819
Stook In U. S. Interior towns
93,881
U. S. exports to-day
826
622,000
33,000
170,658
21,000
42,000
426,000
196,898
102,226
52,947
540,000 1,243,000
54,000
54,000
118,368
82,374
17,000
25,000
37,000
45,000
426,000
174,000
226,049 192,724
52,041
83,449
50
1,780
340,000
Total visible supply
2,126,585 1,662,727 1,470,508 1,901,327
Of the above, totals of American and other descriptions are as follows:
American
Liverpool stock
259,000 244,000 743,000
bales. 472,000
Manchester stock
56,000
16,000
16,000
35,000
Continental stook
94,000
336,000
138,000 302,000
American afloat for Europe
170,656
113,059
118.368
82,374
U. S. port stocks
196,898
226,049 192,724
285,819
U.S. interior stooks
102,226
52,041
93,881
83,449
U. S. exports to-day
52,947
50
826
1,780
Total American
East Indian. Brazil, &c.
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil, &o., afloat
Stook in Alexandria, Egypt
Stock in Bombay. India
1,357,585
891,727
128,000
11,000
17,000
29,000
67,000
31,000
32,000
454.000
184,000
12,000
11,000
46,000
33,000
21,000
42,000
422,000
794,508 1,440,327
87013
5
,mols
5,000
45,000
54,000
17,000
37,000
426,000
15,000
38,000
54,000
25,000
45,000
174,000
Via Cincinnati
Via Virginia points
Via other routes, Zto
Continental imports for the past week have been 38,000
bales.
The above figures for 1912 show an increase over last week
of 10,898 bales, a gain of 463,858 bales over 1911, an exeess of 656,077 bales over 1910 and a gain of 225,258 bales
over 1909.
129,767
192,047
451,283
120
346
Total gross overland
2,440 1,681,756
Deduct Shipments
Overland to N.Y., Boston, Zoo_ _ _
74
109N5391
Between interior towns
Inland, &o., from South
94:706
1,*- .
-(323
.
Total to be deducted
3,180
287
1,098
394,796
1,365
543 1,286,960
815
1,397
Leaving total net overland'
'Including movement by rail to Canada.
The foregoing shows the week's net overland movement
emlaist
ei
has been 543 bales, against 815 bales for the week
year.
-----1911-12
In Sight and Spinners'
Since
Week.
Sept. I.
Takings.
Receipts at ports to Aug. 30
118,710 11,701.862
Net overland to Aug.30
5 13 1,286.960
,
Southern consumption to Aug. 30 56,000 2,740,000
1910 11
•
Since
Week.
Sept. I.
178,487
815
20,000
Total marketed
interior stocks in excess
175,253 15,728,822
3,988
a6,556
190,302
3,116
16,77_ 2_
2_
,266
202,418
intosig during week _
o
Total insight Aug.
North. spinners' takings to Aug.30 12,282
2,440,778
a Less than Sept. 1.
Movement into sight in previous years.
Week-Sept. 2
1910
1909-Sept. 3
1908-Sept. 5
Bales.
Bales.
Since Sept. 1118,173 1909-10-Sept. 2
136,030 1908-09-Sept. 3
115,914 1907-08-Sept. 5
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.
--Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week:
Total East India, &c
Total American
769.000 771,000 676,000 461,000
1,357,585 891,727
704,508 1,440,327
Total visible supply
2,126,585 1,662.727 1,470,508 1,901,327
Middling Upland, Liverpool
6.40d.
6.95d.
7.97d.
6.88d.
Middling Upland, New York__
11.25c.
11.750.
15.50c.
12.85c.
Egypt, Good Brown, Liverpool 10 5-16d. 10 5-16d.
14d,
10d.
Peruvian, Rough Good, Liverpool 0.06d.
10.40d.
10.75d.
8.35d.
Broach, Fine, Liverpool
6 3-16d.
6 %d.
734d.
64d
Tinnevelly, Good, Liverpool _
6%d.
6 %d. 7 1-16d.
ed.
252
Week ending
August 30
Galveston
New Orleans_
Mobile
Savannah
Closing Quotations for Middling Colton onSat'day. Monday. Tuesday. Wed'day. Thursd'y, Friday.
1134
11 11-16
11
1134
Charleston-------Wilmington_
Norfolk
ii-Baltimore
1234
Philadelphia
_ 11.95
Augusta
1234
Memphis
12
St. Louis
12
Houston
1134
7.
Little.Rock, _ 1134
..
1134
1134
11
1I34
1134
1134
11
1134
____
ii--
iiQ
1234
11.55
1234
1234
1134
1134
12
1134
1134
1134
11% _ 114
123's
11.75
Ti' 1134
11 q
114
10%
10 34
113-1
1134
_ ___
____
ii-ii
1134
12
11.50
1234
12
11.50
1234
11 3-16
11 3-16
10%
11
1134
1134
1134.1134
1134
111-18
1134
1134
11;1
11.50
12;1
1134
1134
11 1-16
11 34
AUG. 31
1912.
557
THE CHRONICLE
-The highest, the rainfall being one inch and thirty hundredths. The
NW ORLEANS OPTION MARKET.
99.
for leading options in the New therniometer has averaged 82, ranging from 66 to
lowest and closing quotations
-We have had rain on three days during
Columbus, Miss.
the past week have been as follows:
Orleans cotton market for
the week, the rainfall being one inch and forty-seven hun1
dredths. Thermometer has ranged from 65 to 95,averaging 80.
day, Thursd'y. Friday,
Monday, Tuesday, Wed'
sarday,
-We have had rain on two days the past
Vicksburg, Miss.
Aug. 24. Aug. 26. Aug. 27. Aug. 28. Aug. 29. Aug. 30.
week, the rainfall being ninety-three hundredths of an inch.
August
- @ - The thermometer has averaged 80, the highest being 91
I
-®11.45 -11.38-43- 11.27- ® Range
11.44 -11.34 -11.22 -11.00 -10.88 --- (,) - and the lowest 67.
Closing
•
i
September--Rain early part of the week retarded picking.
Mobile, Ala.
- @ -10.93 -10.83-.96 10.82-.97 10.78-.80
-@ Range
11.39 - 11.13 - 10.99 -10.86-.88 10.81-.83 10.75 - Worms are reported at scattered points, but are being kept
()losing
October
on six days of the week,
11.32-.37 11.07-.31 10.90-.04 10.88-.02 10.88-.05 10.83-.91 down with poison. Rain has fallen
Range
11.34-.35 11.07-.08 10.99-.00 10.94-.95 10.88-.89 10.85-.86 the rainfall being three inches and ninety-two hundredths.
Closing
to 88.
November
1
- ® - 10.89-.90 The thermometer has averaged 80, ranging from 70
- @ -- @ -11.01-.07- @ Range
-Weather favorable. We have had
Montgomery, Ala.
11.35-.37 11.08-.10 10.99-.01 10.95-.97 10.89-.90 10.87-.89
Closing
i
December
rain on one day during the week, the rainfall being thirty11.32-.39 11.10-.34 10.92-.07 10.89-.04 10.90-.07 10.85-.95
Range
10.89-.90 nine hundredths of an inch. The thermometer has ranged
11.36-.37 11.10-.11 11.01-.02 10.95-.96 10.90-.91
Closing
Jan nary
10.88-.97 from 69 to 92, averaging 80.
11.37-.42 11.12-.37 10.95-.10 10.91-.06 10.92-.10 10.91-.92
Hang°
-Rain has fallen on one day of the week, to
Selma, Ala.
11.39-.40 11.13-.14 11.04-.05 10.97-.98 10.92-.93
Closing
I
@ _ an inappreciable extent. Average thermometer 78.5,
FebruaryI
_ ® _ _ ® ____ ® ___ ___ e .....____ @
Range
10.93-.95 highest 88, lowest 70.
11.41-.43 11.15-.17 11.06-.08 10.99-.00 10.94-.96
Closing
-We have had good rain on five days of
Gainesville, Fla.
March
11.10-.21 11.07-.21 11.06-.23 11.02-.13
11.50-.52 11.25-.48
Range
11.05-.06 the week, the rainfall being one inch and sixty-one hun11.51-.52 11.25-.26 11.17-.18 11.11-.12 11.06-.07
Closing
er has averaged 79, the highest
May
11.17-.32 11.12-.15 dredths. The thermomet
11.59=61 11.35-.56 11.22-.32 11.20-.23 11.16-.17 11.15-.16 being 91 and the lowest 68.
Range
11.61=62 11.35-.36 11.27-.28 11.21-.22
Closing
-Weather not so favorable the past week.
Madison, Fla.
Tone
Easy. I Easy. .Steady.
Easy. I Quiet.
Easy.
Spot
Rain has fallen on four days of the week, the rainfall being
Q....41.
..---• 11.1ar oat v Stnorlo ll'Iv at'v R'lv at'v StAririv
_
two inches and fifteen hundredths. The thermometer has
-Our Annual Cotton Crop averaged 79, ranging from 72 to 89.
COTTON CROP CIRCULAR.
Augusta, Ga.-There has been rain on two days of the week,
Review will appear in the "Chronicle" in the issue of September 7, but will be ready in circular form about Thursday, to the extent of fifty-eight hundredths of an inch. Average
September 5. Parties desiring the circular in quantities, thermometer 80, highest 92, lowest 68.
with their business cards pirnted thereon, should send in
Savannah Ga.-We have had rain on three days during
their orders as soon as possible to ensure early delivery.
the week, the precipitation reaching two inches and ten hun-Our tele- dredths. The thermometer has averaged 81, the highest
WEATHER REPORTS BY TELEGRAPH.
the lowest 69.
graphic advices from the South this evening indicate that being 93 and S. C.
-We have had rain on one day during the
Charleston,
the weather has been favorable as a whole during the week.
precipitation reaching eleven hundredths of an
Our advices from Texas are to the effect that the crop is in ex- week, the thermometer has averaged 82, the highest being
cellent condition and improving, and that pickers are in de- inch. The lowest 72.
mand. The gathering of the crop is actively in progress in 93 and the S. C.
-It has rained on two days of the week,
Greenville,
earlier sections of that State, and is getting under way elsethe precipitation being thirty-two hundredths of an inch.
where in the belt.
The thermometer has averaged 78, ranging from 63 to 93.
-The crop is in excellent condition and
Galveston, Tex.
-We have had rain on two days durSpartanburg, S. C.
great demand. There has been ing the week, the rainfall being forty-two hundredths of an
improving. Pickers are in
week, the rainfall being eighty-six inch. Thermometer has ranged from 63 to 94,averaging 79.
rain on three days the past
hundredths of an inch. The thermometer has ranged from
-Rain has fallen on two days of the week,
Charlotte, N. C.
76 to 90, averaging 83.
the rainfall being forty-five hundredths of an inch. Average
has been no rain during the week. thermometer 78, highest 90, lowest 67.
-There
Abilene, Tex.
Average thermometer 84, highest 96, lowest 72.
-Rain has fallen on two days of the week,
Raleigh, N. C.
-There has been rain on one day during the rainfall being one inch and thirty-eight hundredths.
Tex.
Brenham,
the week, the precipitation reaching thirty hundredths of an The thermometer has averaged 79, ranging from 66 to 92.
inch. The thermometer has averaged 87, the highest being
-There has been ram on one day the past
Dyersburg, Tenn.
100 and the lowest 74.
week, the rainfall being one inch and twenty hundredths.
-We have had no rain during the week. The The thermometer has ranged from 63 to 94, averaging 79
Cuero, Tex.
thermometer has averaged 87, ranging from 72 to 100.
-Crop is progressing finely. Rain has
.Memphis, Tenn.
-We have had no rain during the week. The fallen on one day during the week, the precipitation being
Dallas, Tex.
thermometer has ranged from 68 to 102, averaging 85.
fifty-five hundredths of an inch. Average thermometer 80,
-Rain has fallen on one day of the week, highest 92, lowest 67.
Henrietta, Tex.
the rainfall being twenty-six hundredths of an inch. AverWORLD'S SUPPLY AND TAKINGS OF COTTON.
age thermometer 86, highest 100, lowest 72.
1910-11.
-We have had rain on one day of the
, Tex.
1911-12.
Huntsville
1
Cotton Takings.
hunWeek and Season.
past week, the rainfall reaching one inch and thirty-twobeing
Season.
Season. j Week.
Week.
dredths. The thermometer has averaged 84, highest
1,631,863
2,115,687
Visible supply Aug. 23
lowest 72.
96 and
1,603,418
-It has been dry all the week. The ther- Visible supply Sept. 1
Kerrville, Tex.
179,241 15,722,266 202,418
American in sight to Aug. 30__ _
4,000
7,000 2,306,000
Bombay receipts to Aug. 29____
mometer has averaged 80, ranging from 62 to 98.
ship'ts
-We have had no rain during the week. Other Indiareceiptsto Aug. 29_ _ 21,000 471,000 18,500
Lampasas, Tex.
300
968,800
700
to Aug. 28_
Alexandria
____
6,000
314,000
12,000
The thermometer has ranged from 70 to 102, averaging 86. Other supply to Aug. 28'
-Rain on one day of the week, to the exLongview, Tex.
2,335,628 21,385,484 1,863,081
Total supply
tent of forty-four hundredths of an inch. Average therDeduct
2,126,585 2,126,585 1.662,727
Visible supply Aug. 30
mometer 83, highest 96, lowest 70.
____
-It has rained on one day of the week, Total takings to Aug.30
209,043 19,258,899 200.354
Nacogdoches, Tex.
099 115,554
146.343
Of which American
the precipitation being eight hundredths of an inch. The
15.217,
thermometer has averaged 81, ranging from 66 to 96.
Embraces receipts in Europe froñiBrazil, Smyrna, West Indies. Zco.
-We have had rain on one day during the
Palestine, Tex.
INDIA COTTON MOVEMENT FROM ALL PORTS.
inch.
week, the precipitation reaching four hundredths of an
1009-10.
1910-11.
1
1911-12.
The thermometer has ranged from 70 to 96, averaging 83.
August 29.
-Rain has fallen on one day of the week, the
Paris, Tex.
SinceSince
Since
Receipts al
Avrainfall being one inch and twenty-eight hundredths.
Week. Sept. 1. Week.'Sept. 1. Week.'Sept. I.
erag,e thermometer 81, highest 94, lowest 68.
7 000"301 nen 4 On() 4.3 nnn 7 Don 1.178.000
Bombay
-Dry all the week. The thermometer
Ardmore, Okla.
Since September 1.
has averaged 86, ranging from 71 to 101.
For the Week.
I
-We have had rain on one day during the
Exports
Marlow, Okla.
Japan
ContiI Great
Great Conti- Japan I
frominch.
China Total.
nest.
week, the precipitation being three hundredths of an
Britain. nent. &China 7'otal. Britain.
Thermometer has ranged from 70 to 98, averaging 84.
the past Bombay
-We have had rain on two days
Alexandria, La.
12,01; 384,i ;; 834,0001,230,000
3,000
3,00
1111-12
5.000 56,923 918,993 614.50, 1,590 323
5,000
week,the rainfall being one inch and twenty hundredths. Ther1910-11._ ___.
,041,315
12,000 93,398 998,627 947,23;,
- 12,000
lowest 67.
1909-10
mometer has averaged 82, highest being 97 and
75,000
26,000
43,01;
6,000
5,000
-There has been rain on five days during Calcutta
5,000
New Orleans, La.
1911-12
75,351
19,118
51,211
5,023
1,000 4,000
.
1910-11_ -----the week, the precipitation reaching two inches and ninety47,033 107,979
55,981
4,96
4,000
.
1909-10__ ------ 4
eight hundredths. The thermometer has averaged 83, Madras-4.3,000
111; I
28,000
4,000
3,000 5,000
1911-12_ _ _ _ __ _ 2,
ranging from 72 to 94.
78,180
19, 87
49,862
8,651
4.500
,
1910-11_ 1,00
81,186
29, 51
-There has been rain on two days during
Shreveport, La.
4,497 47,038
8,000 1,50
1909-10__ 1,000 6,
the week, the rainfall being twenty-six hundredths of an inch. All others _._ ___ 3,000 8.000 11,00 25,000 217,00' 111,000 353,000
1911-12._
61,071 469,825
The thermometer has ranged from 67 to 93, averaging 80.
78,795 329.959
1910-11__ 3,000 5.00tt 2,000 10,000
51,135 427,924
are reported. It
4,00 12,000 18,000 42,490 334,299
-Crops good but worms
Helena, Ark.
1909-10._ 2,00
the week, the precipitation
has rained on one day during
Total all
4r,000 672,ssI 989.0011,701,000
being one inch and four hundredths. The thermometer
1911-12_ _ _ ____ 10,00 14,000 24,00
16,000 3,500 23,500 149,3921,349,924 714,3632.213,679
1910-11_ 4,
hes averaged 78.3, the highest being 92 and the lowest 65.
147.3501.435.9451.075.1092.658.404
26.00 25.000 49.00
300
1009_10
-Rain has fallen on one day of the week,
Little Rock, Ark.
,AA
00 ,
AAA10AA
0AOAA
558
THE CHRONICLE
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,
August 28.
1911-12.
[VoL. Lxxxxv.
BREADSTUFF'S:
Friday Night, Aug. 30 1912.
Flour has met with only a routine demand here, but at
Minneapolis there has been a good business. Last week the
•5,000
2,500
4,000
7,265,994
7,573,537
mills there, it would appear, sold about half a million barrels.
4,986,715
Mills in the interior are understood to have done an equally
This Since
This Since
This Since
Exports (bales)
Week.Sept. 1. Week. Sept. 1. Week. Sept. 1. good business. The large proportion of the
sales was for
new-crop shipments. It also appears that there is a more
To Liverpool
'2,000 BI 8
:)
(
(g
,
____ Hbil
ig 3,000 lma
To Manchester
active bidding for flour on the part of Europe and a little
To Continent and India_ _ '2.000 397,780 11.- H5 418,152
,
2iiii5 319,316
To America
• ,000 121,789
____ 125,677 1,500 66,218 export business has been done. Yet in
New York traders
Total exports
*5,000 958.455 1.250 984.414 7.000 870.372 as a rule are proceeding cautiously, though many are
inclined
'Estimated: Cable not received.
to the view that prices are at or near the bottom. On
the
Note.
-A eantar is 99 lbs. Egyptian bales weigh about 750
lbs.
whole, the situation is somewhat more cheerful, though
it' is
MANCHESTER MARKET.
-Our report received by cable quite as true that as far as the local trade is
concerned, buyers
to-night from Manchester states that the market is firm for
both yarns and shirtings. Spinners are considered to be well as a rule adhere to the policy of confining their purchases to
moderate quantities designed to supply their immediat
under contract. We give the prices for to-day below
e
leave those for previous weeks of this and last year and necessities.
for
comparison.
Wheat has advanced. The strong cash situation, the
outcome of a good cash demand, neutralized, for the time
1912.
1911.
being at any rate, the prospect of a big crop of spring wheat.
834 lbs. Shirt- 'orn
84 lbs. Sh`ri- Cot'2
It is put as high as 330,000,000 bushels, including 270,000,32s Cop
ings, common .1fid.
32s Cop
ings, common Mid
Twist.
to finest.
Ipl's
Twist.
to finest.
Upl'. 000 bushels in the three Northwestern States of this country.
But it is not expected to move freely until the middle of
d.
d. s. d.
s. d
d. d.
d i. d.
s. d. d.
July
next month. It remains to be seen whether it will exercise
12 10 010 15-16 6 3 011 5
7.24 1034 64 113-1 3 0 (411 134 7.71
19 10 010 15-16 3 314011 5
7.24 104 0 1111 1 11 011 0
a very depressing effect on prices or not. Certainly
7,31
26 10 1-166 11 6 4 011 5
the
7.31 9% 0 10% 5 9 010 8
6.91
Aug.
receipts of winter wheat have thus far failed to have
the
2 1034 (4 1134 i 434011 5
7.37 9 5-16 0 10Y 5 734040 6
6.(11
effect that was at one time expected and feared. The
9 934 44 1034 3 4 011 4
3.96 934 0 101f i 8 010 74 6.7'
con18 934 0 101( 3 3 011 4
6.72934 0 104 5 74019 ni 6.61
sumption is heavy. At times the export demand has
23 934 0 10" 6 3 01 1 4
6.60 9,
4 0 104 5 8 010 8
been
6.81
30 916 a 1016 1 2 6311 1
good. The visible supply has not been increasing at
6.40( 34 0 1034 5 814010 9
1
6.91
the
rate that was expected. The short interest has become
SHIPPING NEWS.
-The shipments in detail follow:
se
Total bales. l'arge as to be cumbersome. During the present week shorts
NEW YORK-To Liverpool-Aug.23-Caronia, 2,082_ _ _
_Aug. 28
-Baltic, 5.333 upland, 4,063 Peruvian
at times have been stampeded. The other day Paris was,
11,478
To Bremen-Aug. 23
-Prinz Friedrich Wilhelm, 1,258
1,258 an example. August there in a single
To Antwerp-Aug. 23-Zeeland, 200
day shot up 5 cents.
200
GALVESTON-To Liverpool-Aug. 27
-Louisianian, 6,442; LuThe rainy weather in England, France and Germany
gano, 8,235
may
14,677 turn out
To Havre-Aug. 24-Cayo Romano, 7,732_ _ _ _Aug. 26
to be a serious factor in the problem of fixing wheat
-Montauk, 10,695_ _ _ _Aug. 27-Barrister, 10,299; Cayo Soto,
prices in the world's markets. England has rarely seen
2,136_ _ _ _Aug. 28
-Wanderer, 3,399
34,261
To Bremen-Aug.24-Hannover,8,026
8,026 such rains as have recently occurred. Tile damage
To Hamburg
-Aug. 22-Steiermark, 62
in that
62 country is
To Antwerp-Aug. 27-Cayo Soto, 710
concededly serious. Of late, too, our Western
710
To Barcelona-Aug. 24-Miguel M. Pinillos, 8,898
6,898 States and Canada have also had copious rains. In
NEW ORLEANS
-To Liverpool-Aug. 23-Mexican, 97
the
97 meantime the Chicago
To Rotterdam-Aug. 30-Cayo Gitano, 400
stock of contract wheat is a mere
400
To Gothenburg-Aug. 27-Noruega, 175
175 nothing to what it was a year ago. Some large shorts
To Trieste
-Aug. 22-Erodiade, 300
300 in Chicago have latterly
To Venice
-Aug. 23-Erodiade, 50
covered. They became dis50
MOBILE
-To Liverpool-Aug. 29-Nubian, 86
66 gusted when they found that the price did not go down
SAVANNAH-To Hamburg-Aug. 29-Fridland, 260
260 even in the presence of heavy winter
To Genoa-Aug. 27
-Ida, 450
wheat receipts and
450 a
BALTIMORE-To Bremen-Aug. 28
big spring wheat crop. As already intimated, the cash
-Brandenburg, 100
100
situation took the edge off the bear argument
Total
s,.
79,468 but there
has been
LIVERPOOL.
-By cable from Liverpool we have the fol- the big operators areno large speculation. Most of
either doing nothing or next
lowing statement of the week's sales, stocks, &c., at that port: to nothing.
Many of them are bearish. Most of the time
Aug. 9. Aug. 16. Aug. 23. Aug. 30. the weather has been favorable
for threshing. The weather
Sales of the week
30,000
bales_ 37,000
29,000
2/.000 in the Northwes
Of which speculators took
t in particular has been dry and favorable
1,000
1,000
1,000
1,000
Of which exporters took
2,000
3.000
1,000
1,000 for harvesting, and it is said that the quality of the wheat
Sales, American
24,000
29.000
23.000
2',000 in that section is on
Actual export
the average unusually high. Cutting is
14,000
4,000
10,000
11.000
Forwarded
68,000
61,000
55,000
54,000 now in progress well up to the Canadian border and will be
Total stock-Estimated
7 4,000 687,000 642.000 600,000 pushed
,
from now on with every energy. Country offerings
Of which American
607.000 564,000 521,000 '4 2.000
Total imports of the week
13,000
28,000
21,000
21,000 at the Northwest of late have been larger, and towards the
Of which American
7,000
13,000
8.000
., ,000 end of the week the cash demand diminishe
Amount afloat
d somewhat,
55,000
54,000
49,000
63,000
Of which American
18,000
21,000
11,000
4 .000 though this may be merely temporary. It is stated that
' The tone of the Liverpool market for spots and futures there will be large loadings out of Chicago this week, as
•
each day of the past week and the daily closing prices of charters have been made there for 1,500,000 bushels, and it
appears that something like 3,000,000 bushels, mostly wheat,
spot cotton have been as follows:
will be loaded. The smallness of the contract stock at
Chicago and the existing premiums encourage the idea that
Spot.
Saturday. Monday.
Tuesday. Wednesday. Thursday. Friday.
the deliveries on contract on the 3d of September will be relaMarket, I
tively moderate. To-day wheat advanced early but receded
12:15 }
Dull.
Quiet.
Quiet.
Quiet.
Quiet.
Quiet.
P.M. )
later with other grain.
1910-11.
1909-10.
Receipts (cantata). • This week
re Since Sept. 1
Mid. Upl'ds
6.63
6.58
6.45
6.40
6.44
6.40
Sales ____.
Spec.&exp.
3,000
300
6,000
500
6,000
300
5,000
500
6,000
500
6,000
600
Futures,
Steady,
Market I
unopened
changed.
(Inlet at
1(42 pts.
decline.
Easy at
8 pnlnts
decline.
Market, 1 Qnlet at
4
11402
P.M. 1 ntq. nr1v.
Quiet at
4 4P7
'3arely st'3
at 12015
nts. dee.
Quiet,unch
Steady,
to 54 poin:
unadvance. changed.
Quiet at
21404
tots. dec.
Steady at
514012
tots. adv.
Easy at
10 pts.
decline.
Steady at
54408
pts. dec.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW
YORK.
Sat. Mon. Tues. 1Ved. Thurs. Fri.
No. 2 red
107
107
0ts1o734 107
1074 107
September delivery in elevator_ ....10234 102 34 10334 103% 104
December delivery in elevator_ _ _ _101 14 101 % 101 % 102 54 10234 103%
102
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
September delivery in elevator_ets_ 94
93% 94 .4 94 % 94 34 93 gi
December delivery In elevator
93 154 93 54 94 34 94 % 94 % 9434
Indian corn has also shown greater strength. The prospects are good for a large crop, judging from present appearThe prices of futures at Liverpool for each day are given ances, but good weather will be needed for many weeks to
below. Prices are on the basis of upland, good ordinary come, and of course the date of killing frost is too important
a thing to be ignored. Bears have been driven in by the
clause, unless otherwise stated.
strength of the cash situation. Public elevator and contract
The prices are given in pence and 10018s. Thus: 6 42 means 6 42-100d.
stocks at Chicago have disappeared. This is something
Aug- 24
Sat.
which has not occurred for years past. In this situation the
Mon.
Tues. I Wed.
Thurs. I
Fri.
to
market was found to be oversold. Shorts took fright.
Aug • 26. 1214 1234 1214 4 1234 4 1214 4 1214 4 1234
4
Their covering caused a sharp upturn in prices. Cash corn
P.m • P.m. P.m. P.m. D.M. P.m. P.m. P.m. P.m • p.m. P.m. P.m.
has recently been 9 to 10 cents over September. September
6 42 38 38 25 21
Aug
19 Si 17 24 29 120 233-4
8 34 4 30 2714 1516 13 1234 10
is at a premium of 183. cents over December, whereas a
Aug.
-Sep17 20 111
1434
6 2014 1614 15 0314 0254 02 54 00 05 063-497
Sept.
-Oct.
year ago Seotember was only 2 cents over December. The
99
6 1714 13 1134 0014 99 54 99 54 96 54 01 0334
Oct.
-Nov_
9554 offerings of late have been
6 12 09
Nov.
714 9634 95 9514 92 96 973-4 933-4 9
-Dee.
light, even at the premiums which
883-4
6 12
Dec.
-Jan
81407 96 95 195 91345
cash corn has commlnded. Scare ty of cars is being com97 883490
8 13 0914 08 97 96 196 192 54 9614 98 189
Jan...Feb
903-4 plained of at the West. It is so severe that it
Feb.-Meh.
6 1414 11 0914 9814 97 54 974 94
seriously re- '
98 993-4 9014 92
Meh.-Apr.
6 1514 12 1014 9914 984 9814 95 99 003-4 9114 93
stricts the movement of old corn to the big distributing
Apr.
-May.
6 1634 13 11 54 01 9934 99 54 96 00 02 92 4 94
markets and their tempting prices. To-day prices advanced
May-June
8 17 14
1214 02 00 54 00 54 97 01 03 '935495
June-July
8 1714 1314 12 01 99 00 9634 00 54 023493 9434 on bad weather in Et rye and then reacted, owing to
large 16 13
no 1,4 99 99 54 96 .00 02 923494
11
receipts and liquidation.
NEW
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN Thurs.YORK
Fri.
Sat. Mon. Tues. Wed.
eta Nom. Nom. Nom. Nom. Nom. Nom.
Cash corn
Nom. Nom. Nom. Nom. Nom.
September delivery in elevator_
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
74
September delivery in elevator_cts_ 72 X 72 % 73% 73% 74
54 % 54% 55% 55% 55% 55%
December delivery in elevator
Oats have shown in a general way much the same features
as other grain, i. e., a strong cash situation with a good demand, offsetting, at least for the time being, a big prospective
crop. The export demand has continued big. Bad weather
in Europe has hurt the forage crops, and hence the recent big
sales. Some estimates are that at least 10,000,000 to 15,000,000 bushels have been sold for export since the foreign
buying began, though others deprecate such estimates, as
they are apt to be more or less deceptive. The fact remains,
however that there has been an exceptionally good export
'
demand this season. Europe has needed American oats, apparently, even more than American wheat. The supply of
contract oath in Chicago is only about a third of what it was
a year ago. Cash houses have been buying in their hedges.
They have taken December and September. Some big interests have bought May and sold December. To-day prices
were easier, with large receipts.
DAILY CLOSING PRICES OF OATS IN NEW YORK. Fri.
Sat. Mon. Tues. Wed. Thurs.
30
41
39
49%
cts_ .oy4 41
Standards
39
39
41% 41
40% 41
No. 2 white
OATS FUTURES IN CHICAGO.
DAILY CLOSING PRICES OF
Sat. Mon. Tues. Wed. Thurs. Fri.
•
September delivery in elevator_cts_ 32 % 32 X 32 n 32% 32 % 32 X
33% 32%
December delivery in elevator_ _ _ _ 32% 32% 33% 33
Closing prices were as follows:
FLOUR.
Winter, low grades_ _ _ _$3 85®S4 1,, wtnsas straights, sacks44 40® 4 60
5 25® 5 45 Kansas clears, sacks... 4 00@ 4 40
Winter patents
6 20® 6 50
4 SO® 4 70 City patents
Winter straights
4 00 ® 4 25
4 25® 4 50 Rye flour
Winter clears
4 00 ® 4 70
5 25® 5 50 Graham flour
Spring patents
Nominal
4 75® 5 00 Buckwheat, owt
Spring straights
4 OS® 4 90
Spring clears
GRAIN.
Cents.
Corn, per bushelWheat, per bushel-f. o. b.
elevator Nominal
No. 2
N. Spring, No. 1, new_ ___81 04 H
elevator Nominal
Steamer
N. Spring, No. 2, new._ nom.
c.i.f. Nominal
No. 3
Red winter, No, 2, new__ 1 07
1 04% Rye, per bushel
Hard winter, No. 2
69
68
No.2
Cents.
coats, per bushel, newNominal
State & Pennsylvania_
itandards
40%
60 ® 80
Barley-Malting
41
No.2, white
40%
No.3
For other tables usually given here, see pate 524.
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports, Aug. 24 1912, was as follows:
UN 111,D sl A'1•Es GRAIN STOCKS.
_Amer. Bonded Amer. Amer.Bonded Amer. Amer.Bonded
Wheat. Wheat. Corn. Oats. Oats. Rye. Barley. Barley.
bush, bush. bush. bush. bush. bush. bush. bush.
ThousandsIn
1
2
34
273
277
92
164
New York
123
1
170
1813
Boston
300
116
11 --8i
Philadelphia
754
4
8
72
177
Baltimore
356 __ __
_
117
55
New Orleans
5
578 ____
Galveston
22 --6ii
174
545
17 -155
Buitalo
1,047 ____
31
289 3
Toledo
162 ____
83
29
3
Detroit
33
57
4,848 ____ V' 373 1,610
Chicago
111
13
29
201 _ .. _ _ Vt. 120
Milwaukee
____
07
0 --iii
112
57
333
Duluth•
124
49
5
217
651
Mlnneanoiis
19
115
3
2,765
St. Louis
25
61
4,468
Kansas City
228
27
1
Peoria
76
192
374
Indianapolis
17
19
93
2
632
Omaha
232 ___
615
Lakes
On
- -_- --- 8
On Canal and River_ _ _ _
288
66
1
475
1012..18,063 1,185 1,573 3,151
201
94
350
64
1912...18,144 1,196 2,226 2,099
144
889
0.045 18.939 -191 1...48.247
232
786
1910...24.998 ..... 2,165 12,551 -_-CANADIAN GRAIN STOCKS.
Canadian Bonded
Canadian Bonded Cancultan Bonded
Wheat. Wheat. Corn. Oats. Ools. Rye. Barley. Barley.
bush, bush, bush. bush. bush. bush, bush. bush.
in Thousanis483 --- 6
1,307 ____
Montreal
____ 1,155 ---_
--_2,233 ___
Ft. William
____
067 -____
800 __
Pt. Arthur.
516 --__
____
1,340 __
Other Canadian
Total
Total
Total
Total
Aug. 24
Aug 17
Aug. `.)6
Aug. 27
Total
Total
Total
Total
Aug. 24
Aug. 17
Aug. 26
Aug. 27
6 2,821
____
-5
15 2,808
____
15
350 4,940
____
68 ____
386
82
____
SUMMARY.
Bonded
Bonded
Bottled
Wheat. Wheat. Corn. Oats. Oats. Rye. Barley, Barton.
bush. bush. bush. bush. bush. bush, bush. bush.
5
66
288
1
18,663 1,185 1,573 3,151
--- 5 __ _
6 2,821 ------5,686 _-
1912._
1912....
1911_
1910...
In ThousandsAmerican
Canadian
5,080
0,444
3,408
2,041
Total Aug. 24 1912..24,349 1,185 1,579 5,972
Total Aug. 17 1912. 24,588 1,136 2,241 4,967
6,401 23,897
Total Aug. 26 1911_51,655
2.247 12,937
Total Aug. 27 1910_27,639
66
04
----
288
231
144
232
480
350
904
854
__
1
64
THE DRV GOnDS TRADE.
New York, Friday Night, Aug. 30 1912.
The receipt of further favorable reports from agricultural
districts and manufacturing centres continues to stimulate
business activity, and sentiment regarding the outlook is very
optimistic. While nothing has developed to deter operations, a quiet week had been expected, owing to the threeday holiday over Labor Day; which Would be availed of by
many to take a run out of town. Both the steel and dry
dry goods trades, which are considered reliable barometers
of general business conditions, continue in a very strong
position, and it is encouraging to note that the tendency
toward higher prices meets with little complaint from buyers.
The,latter are nowjeconciled to a period of higher prices as
559
THE CHRONICLE
AUG. 31 1912.]
a natural result of the rigid curtailment of the past and the
low condition of stocks in the hands of dealers throughout the
country. They are chiefly concerned with getting timely
deliveries, which they fear will be difficult. In cotton goods
markets a satisfactory volume of business is being put
through and prices are being firmly maintained. The declining raw material market has as yet had no effect upon
the price of finished goods, but has caused some buyers to
withhold their orders for future requirements in expectation
of lower prices later on. Sentiment in the cotton market is
very bearish and they are justified to a considerable extent
in their attitude, although the well-sold condition of mills
and the heavy demand coming in from retail sources, even
though it represents only immediate requirements, is likely
to keep prices for finished goods on a firm level. Contrary
to expectations, the announcement that several large houses
would close up from Friday night to Tuesday morning caused
increased activity on the part of visiting buyers who did not
wish to remain in this market until next week. Business in
the dress goods market is active and the trend of prices is
toward still higher levels. Large factors report that business
on new spring fabrics has exceeded early expectations, and
several lines have been fully sold up and withdrawn. Demand is well distributed throughout all descriptions of goods,
and a more active interest is being taken in the higher-priced
and better-quality goods than for several seasons past. The
backwardness of deliveries is causing considerable anxiety,
as manufacturers are still engaged in turning out fall goods,
who ordinarily at this time of the year are engaged in manufacturing spring goods. It is therefore quite certiin that
delivery of late orders for spring goods will be delayed.
Aside from the question of deliveries, the whole dry goods
situation is very satisfactory and prominent factors are
looking forward to a big spring season.
-The exports of cotton•
DOMESTIC COTTON GOODS.
goods from this port for the week ending Aug. 24 were 6,626
packages, valued at $642,127, their destination being to the
points specified in the table below:
----1911
Since
Since
Week. Jan. 1.
Jan. 1.
3,291
521
13
697
1,347
24
53,277
___
71,673
19,567
17,899
_-_
37,96214,007
155
9,831.
18,701
1,032
26,433
31,080
59
1,496
2.103
530
13,450
14,763
771
39,520
46,798
53 _
24,722
49.313
--2,741 220,248.
278,202
-----1912
New York to August 24,
Great Britain
Other Europe
China
India
Arabia
Africa
West Indies
Mexico
CentralAmerica
South Amerio^
Other counti 1 a
Total
Week.
2
1,958
26
325
167
245
56
406
457
2,984
----6,626
The value of theEe New York exports since Jan. 1 has been
$17,903,183 in 1912, against $15,655,749 in 1911.
While there has been a steady trade noted in all departments of domestic cotton markets during the past week, the volume of business booked has not been up to the average of
the week previous. In addition to the decline in prices for
the staple having a tendency to check purchases, the approach of the holiday has kept many out-of-town buyers
away from the market. A good mail business, however, has
been transacted and trade advices from all sections of the
country continue encouraging. The low state of jobbers'
stocks is expected to develop an unuusally strong purchasing
power later on. Soon after the holiday prices will be named
on many kinds of cotton goods, including a number of leading lines of ginghams for the spring 1913 season. As soon
as these are announced, it is expected that liberal orders will
be placed, and from present indications there is every likelihood of these expectations being fulfilled. One of the
most encouraging features of the present situation is the
demand and the strength displayed in the finished-goods
markets. It is reported that mills have refused considerable
business offered at concessions. Manufacturers appear to
be in a very independent position, many of them having
sufficient orders booked to keep them in operation for some
time to come, while their supplies are light. During the
week several advances have been announced, including
crashes and mercerized damask, the former being marked up
Mc. a yard and the latter 1 to 1%c. per yard. Print cloths
and convertibles have again ruled quiet, with the undertone.
barely steady, a few sales being reported at concessions.
Gray goods, 38%-inch standard, are quoted at 5c.
-Demand for men's wear and dress
WOOLEN GOODS.
goods continues and many mills manufacturing dress goods.
are sOld up for the spring season 1913. There is also a steady
demand from jobbers and retailers for fall goods, with mills
experiencing difficulty in filling the orders tendered. Plain
serges are in active request, with the demand in many instances exceeding the supply. Prices for all kinds of men's
wear are firm, with the tnedency upward.
-Activity continues in the
FOREIGN DRY GOODS.
markets for linens, with liberal orders placed on goods for
the spring 1913 season. Buyers appear to be fully convinced that there will not be any concessions in prices and
are placing orders freely. It is stated that the demand for
roughly-woven dress goods is unusually good, while there is
also improved buying of housekeeping lines. Burlap conditions are about unchanged, the market continuing firm,
with supplies light. Light-weights are quoted at 6c. and
10%-ounce at 7.60c.
A60
THE CHRONICLE
•
PAU
News Items.
[VOL. TaXXXXV.
bonds sold comprise the following separate Issues: $28000 bridge, $25,001
sewer, 551,000 street and $37,000 funding. The bridge bonds are due
$2,000 yrly. 1913 to 1926 inel. and the remaining issues Jan. 1 1931.
ALLIANCE. Stark County, Ohio.
-BOND OFFERING.
-Proposals will
be received until 12 m. Sept. 16 by C. 0. Sliver, City Auditor, it is stated,
for $40,000 4 %% 203 -year (ay.) water-works, $9,850 11% 3
-year (ay.)
assess. and $930 5% 2
-year (ay.) assess. bonds. Cert. shank for 3%
required.
ALTAMONT, Albany County, N. Y.
-BONDS VOTED.
-A favorable
vote was cast on Aug. 27, It is stated, on a proposition to Issue $6,000
village-building-erection bonds. The vote was 42 to 33.
AMITE COUNTY (P. 0. Liberty), Miss.
-BONDS VOTED.
-It is reported that the question of issuing $80,000 5% 20-yr. road-eonstr. bonds
carried by a vote of 222 to 132 at the election held reeently in the Third
Supervisor's District.
ANN ARBOR. Washtenaw County, Mich.
-BONDS VOTE:D.-According to reports an election held Aug. 27 resulted in favor of the question
of issuing hospital bonds.
,
ASHLAND, Ashland County, Ohio.
-BOND OFFERING.
-Proposals
will be received until 12 m. Sept. 16 by E. Kochi, City Aud., for $4,800
4 A% sewage-disposal-plant bonds. Auth. Sec. 3939 Gen. Code. Denom.
$800. Date Sept. 16 1912. Int. M. & S. Cert. cheek for 5% of bonds
bid for, payable to the City Treas., required. Bonds to be delivered within
10 days from time of award. Purchaser to pay accrued interest.
ATTLEBOROUGH. Bristol County. Mass.
-BOND SALE.
-On Aug. 22
$100,0004% high-school-building bonds were awarded, we are now officially
advised, to N. W. Harris & Co., Inc., of Boston, at 100.88. Denom..
$1,000 and $500. Date Aug. 1 1912. Int. F. & A. Duo from Aug. 1
1913 to 1932. Using newspaper reports, we stated last week that these
securities had been sold to Blake Bros. & Co. of Boston as 100.26.
AVILA SCHOOL DISTRICT, San Luis Obispo County, Cal.
-BONDS
VOTED.
-The question of issuing $4,000 7% 1-4-year (sec.) bldg. & equip.
bonds carried unanimously at an election 'held Aug. 14. There were 32
votes cast. The bonds will be offered, we are advised, about Sept. 18.
BALTIMORE, Md.-LOAN ELECTION.
-Reports state that at the
November election tile people will vote on a loan of $2,000,000, $1,000,000
for bridges and $1,000,000 to buy land near the approaches to the bridge,
which can be used as city parks or factory sites.
BELMONT. Middlesex County. Mass.
-BOND SALE.
-On Aug. 28 the
$5,000 1-5-yr. (ser.) surface-drains-loan and $8,000 1-4-yr. (sec.) fire-dept.
4% coup. tax-free bonds (V. 95, p. 496) were awarded to W. L. Raymond
Fe Co. at 100.44. Other bids follow:
R. L. Day & Co., Boston_ _ _ _100.339 Adains dc Co., Boston
100.07
N. W. Harris & Co.,Inc.,Bos.100.28 Curtis & Sanger, Boston _ _ _100:03
nn0 0
0
Biodget & Co., Boston
100.183 Blake Bros. & Co.,
BEND, Crook County, Ore.
-BOND OFFERING.
-Attention is called
to the official notice elsewhere in this departmeat of the offering on Sept 24
of the $60,000 20-yr. sewer-constr. bonds. For description and terms of
offering see V. 95, p. 434.
BIG VALLEY SCHOOL DISTRICT (P. 0. Alturas), Modoc County, Cal.
-RES UL7'OF BOND ELECTION.-Thc result of the election held Aug. IS
to vote on the question of issuing $1,700 6% building bonds is being contested. We are advised that the vote was 36 to 18.
BLOOMINGTON SCHOOL DISTRICT, San Bernardino County, Cal.BON I) SALE.
-On Aug. 19 the $20,000 5% bonds (V. 95, p. 434) were
awarded to Torrance, Marshall & Co. of Los Angeles at 102.765. Other
bids follow:
Wm. R. Staats Co., Los Ang.$20,5111State Board of Control
$20,235
N.W. Halsey & Co., San Fr_ 20,3531
BOSTON, Mass.
-NOTE SALE.
papers state that this city has
-Local
disposed of the following notes:
Bond & Goodwin of Boston
$100,000 at 4.90% Interest.
Goldman, Sachs & Co. of Newf$100,000 at 4.9250% int. and $5 prem.
York
15200,000 at 4.89% int. and $15 premium.
Luther Robbins of Rochester_ _$100,000 at 5% interest.
Irving Nat. Bank of New York_ _$300,000 at 5.05% interest.
BRONXVILLE, Westchester County, N. Y.
-BOND OFFERING.
Proposals will be received until 8 p. m. Sept. 10 by F. Dinsmore, Village
Clerk, for $33,400 registered bonds. Denom. $1,000 and $1,100. Dots
Sept. 15 1912, Int. M. & S. Due part yearly after 5 yearn. Certified
check for $250 is required.
BROOKHAVEN, Lincoln County, Miss.
-BOND SALE.
-On Aug. 23
the $35,500 5% 17 1-3-year (average) refunding bonds (V. 95, p. 434)
were awarded, according to reports, to the Brookhaven Bank at Trust Co.
in Brookhaven at par and blank bonds.
BROWN TOWNSHIP,Miami County, Ohio.-BOND SALE.-On Aug.17
the $1,200 5% 2-7-yr. (ser.) coup. road-impt. bonds (V. 95, P. 249) were
awarded to the Piqua Nat. Bank for $1,248 50 (104.04) and int.-a basis
of about 4.01%. A bid of $1,217 65 was also received icons I. N. Wilkinson
of Sidney.
CAMPBELL SCHOOL DISTRICT (P. 0. Campbell), Hunt County, Tex.
-BONDS VOTED.-By vote of 110 to 66, it is stated, a proposition te
.a
issue $12,000 building bonds carried at a recent election.
-BOND SALE.
-On Aug. 28 the
CANASTOTA. Madison County, N. Y.
$25,000 2-28-yr. (sec.) street-impt. bonds (V. 95, P. 434) were awarded to
the Fulton Say. Bank at 100.004 for 4.305. Other bids follow:
5,0 low:
o0
Adams dc Co., New York
3
for 4 )is
Harris, Forbes &Co., New York
25,030 25 for 4 Yis
Denom. $1,000. Date Sept. 1 1912. Interest M. 61 S.
-BOND OFFERING. Proposals
CANISTEO, Steuben County, N. Y.
will be received until 8 p. in. Sept. 7 by James A. Corbett, Vii. Clerk, for
$11,500 3 1-6-yr. (ay.) road bonds, according to reports.
CA NISTEO SCHOOL DISTRICT (P.O. Canisteol, Steubcn County, N.Y.
-Bonds Defeated.
-The election held Aug. 9 resulted in ths defeat of tile
6 roto 1 tion to issue the $40,000 bldg. bonds (V. 95, p. 188). The vote was
po pos19l.
Baltimore County (P. 0. Towson), Md.-Road Bond Case
Appealed.
-An appeal has been taken to the Court of Appeals by Dr. W. P. E. Wyse of Pikesville from the decision
of the Circuit Court of Baltimore County, which upheld the
validity of the $1,500,000 road bonds authorized at the last
session of the Legislature. Of this issue of bonds $300,000
is to be offered on Sept. 3 and the appeal is taken, it is stated,
to satisfy prospective bidders. The case will come up at
the October term and be decided, it is expected, in November. V. 94, p. 248.
Custer County (P. 0. Miles City), Mont.
-Injunction Dissolved.
-A temporary injunction restraining the issuance
of $170,000 bridge bonds disposed of in May (V. 94, p. 1461)
was dissolved by Judge Sanner of the District Court on
August 11.
Georgia.
-Proposed Constitutional Amendments.
-Some
months ago (V. 93, p. 1412) we referred to three proposed
constitutional amendments and stated that they would be
voted upon at the general election this November. It appears, however, that these propositions, together with an
amendment to create the county of Bleckley, will be submitted to a vote at the general State election, which takes
place Oct. 2.
-Election on Commission Form of GovernJackson, Miss.
-An election will be held Sept. 24 to vote on the
ment.
adoption of the commission form of government.
Louisiana.-Legislature Adjourns
-Tax Reform Measures
Passed.
-The Louisiana Legislature which convened in extra
session on Aug. 12 (V. 95, p. 373) adjourned at 1:30 p. m.
on Aug, 24. Just prior to adjournment constitutional
amendments were finally passed for submission to the
voters on Nov. 5 to re-model and reorganize the State's
system of taxation. A resolution was also passed continuing the Tax Commission until 1913 to aid the General
Assembly in preparing legislation to carry the tax plan into
effect.
Mart, McLennan County, Tex.
-Commission Form of Government Adopted.
-Reports state that an election held
Aug. 24 resulted in favor of the question of establishing the
commission form of government.
-Commission Form of Government ApNew Orleans, La.
proved.
-The election held Aug. 28 resulted in favor of the
proposition to establish the commission form of.government
(V. 95, p. 187). The vote is reported as 23,900 to 2,119.
-Holders of Bonds Requested to Deposit Same.
Nicaragua.
Holders of 6% gold bonds of 1909 have been requested to
deposit them with the Council of Foreign Bondholders in
assent to the agreement dated New York May 25 1912
and approved by the general meeting of bondholders on
June 20. As the arrangement will not be declared definitive
until the holders of a large majority of the bonds have
signified their assent, bondholders are urged in their own
interest to make no delay in depositing. See V. 95, p. 64.
Oklahoma.
-Election Nov. 5 on Capital Removal Question.
Governor Cruce has issued his proclamation calling for a
vote Nov. 5 on the proposed amendment to the constitution
locating the Capital and seat of government at Guthrie.
It will be recalled that the Capital was removed from Guthrie
to Oklahoma City by an Act of the Legislature of 1910
subsequently declared valid by both the State Supreme Court
and United States Supreme Court. See V. 92, p. 1511.
The election which has just been called was petitioned for
by 51,543 voters.
Sheffield, Ala.
-Commission Form of Government Approved.
-The election held Aug. 19 resulted, we are advised,
-On Aug. 28 the.six issues of 4
-BOND SALE.
CANTON.
in a vote of 173 "for" to 152 "against" the question of coupon bondsOhio. p. 312), aggregating $38,800, were awarded to%%
(V. 95,
the
Tillotson & Wolcott Co. of Cleveland for $40,810 09, making the price
adopting the commission form of government.
105.18.
Other bids for the $25,000 issue were as follows: .
Savannah, Ga.-Election on Commision Form of GovernA. E.
-Local papers state an election will be held Nov. 12 Stacy Aub & Co., Cin___.$26,652 55[Mayer,Deppe&Walter,Oin.$26,537 50
ment.
& Braun.. Toledo__ _ 26,572 501T. H.Saunders (First Nat.
to vote on the question of adopting the commission form of Otis & Co., Cleveland __ 26,565 001 13ank),Cleveland
Well, Roth & Co. Cin_ __ _ 26,565 00)
Prov.S.13k.&Tr.Co.. Cin__ 26,5 6
26 501 53
government.
Nc ydlon, t Nat 111c. 7 o_ 2 450 0
Seasongood & MaYer, Cin_ 26,554 00 iiaw e irsAiiller 4 c0. cli_ . 20;327 00,
8
.
26,375 00
-Commission Form of Government Defeated. Breed & Harrison, din.__ 26,550 00 Atlas Nat. Bank, din
Trinidad, Colo.
-Local papers state that the election held Aug. 20 resulted
The New First Nat.Bank of Col. also bid $13,819 for the rernianing 5 issues
in the defeat of the question of adopting the commission aggregating $13800. Cincinnati
Breed dc Harrison of
also bid $5,828 for the $5,600 issue.
form of government. The vote was 916 "for" and 1,784
-Proposals will be received until 12 m. Sept. 16 by
BOND OFFERING.
"against."
E. C. Brumbaugh, City Aud., for the following 4 A% bonds:
Wichita, Kan.
-Petitions for Recall of Mayor and Chief of $13,700 W. Eighth St.-Impt. bonds. Denom. (1) $700 (13 $1,000. Due
)
$2,000 y'ly on Sept. 1 1914 to 1919 incl. and $1,700 Sept. 11920.
Police.
-According to the Topeka "Capital," petitions have
3,300 coupon IN. Eighth St. (city's portion) bonds. Denom. (1) $300.
been put in circulation asking for an election to recall Mayor
(3) 51,000. Due Sept. 11920.
1,500 Bellevue Ave.-sewer-constr. bonds. Denom.(1)- $500 (1) $1,000.
W. W. Minick and remove Chief of Police George T. Cubbon.
Due Sept. 11917.
Date Sept. 1 1912. Int. M. & S. at office of City Treas. Cert. check
for 5% of bonds bid for, payable to City Treas., required. Bonds to be
delivered within 10 days from time of award. Purchaser to furnish blank
bonds. Official advertisement states that a certified copy of the abstract
showing the legality of the Issue will be furnished upon application to the
City Auditor.
ALAMEDA SCHOOL. DISTRICT. Cal.
Bonds Authorized.-Ordlnanoes were passed on July 29 providing for the
-BOND SALE.
-The American
Say. Bank of Los Angeles was awarded at 102.32, reports state, the $5,000 Issuance of the following 4 4% coup. bonds:
$8,500 Harrison Ave. lmpt. bonds. Denom. (6) $1,000 and (1) $500. Due
6% school bonds recently voted (V.95, p. 312.)
Sept. 1 1917.
ALBERH ILL SCHOOL DISTRICT, Riverside County, Cal.
-Bonds
3,400 storm-sewer-const. bonds. Denom. (3) 51.000 and (1) $400.
-An election held Aug. 16 resulted in favor of the proposition to
voted.
Due Sept. 1 1922.
Issue 54,0006% 20-yr. bldg. bonds. Int. semi-ann. There were six votes
Interest H. & S.
for,and none against.
An ordinance was passed Aug. 12 providing for the issuance of $9,800
LEA. Freeborn County, Minn.
-BOND SALE.
• ALBERT
-On Aug. 22 4% coupon E.Lake St. Impt. (city's portion) bonds." Denom. (1)
$141.000 414% bonds were awarded to the Harris-Trust & Say. Bank in (0) $1,000. Date March 1 1913. Int, M. 4 S. at office of Olty $800,
Treas.
Chic. at par, Wt. and blank bonds. Date Sept. 1 1912. Int. J. 63J. The Duo March 1 1931.
Bond Proposals and Negotiations this week
have been as follows:
AUG. 31 1312.]
THE CHRONICLE
CENTRAL ISLIP SCHOOL DISTRICT (P. 0. Central Islip), Suffolk
-On Aug. 29 the $20,000 5% 11-yr. (aver.)
-BOND SALE.
County, N. Y.
bldg. bonds (V. 95, p. 434) were awarded to Curtis & Sanger of N. Y. at
and int.-a basis of about 4.50%. Other bids were received from
104.29
Lobdell & Co., Douglas Fenwick & Co., Adams & Co. and Harris, Forbes
& Co. of New York.
-On
-BOND SALE.
CHICAGO JUNCTION, Huron County, Ohio.
Aug. 24 the $20,000 435% 6-25-yr. (ser.) coupon public-hall tax-free bonds
the First Nat. Bank In Cleveland at 105.(V. 95, p. 313) were awarded to
1895-a basis of about 4.047%. Other bids follow:
$20,831 48
Hochler & Cum'gs, Tol__$21,005 25 Stacy & Braun, Tol
Tillotson & Wolc.Co.,Clev. 21,005 00 Hayden,Miller&Co.,Clev_ 20,816 00
Sidney Spitzer & Co., Tol. 21,001 00 Prov.Sav.Bk.&Tr.Co.,Cin_ 20,806 00
20,760 00
Breed & Harrison, Chi__ 20,942 00 Well, Roth & Co., Cin_
20,614 00
Otis & Co., Cleveland_ __ _ 20,911 00 Spitzer,Rorick&Co.,Tol
20,600 50
Seasongood & Mayer, Cin. 20,910 00 New First Nat. Bk., Col
-Proposals
-BOND OFFERING.
ICOPEE, Hampden County, Mass.
be received until 12 m. Sept. 5 by J. J. O'Connor 2d, the City Treas.,
will
for the following 4% coup.bonds:
$14,000 street-impt. loan 1912 bonds. Date June 1 1912. Due $5,000
•
June 1 1913 and 1914 and $4,000 June 1 1915.
5,000 Chicopee Falls bridge loan 1912 bonds. Date Aug. 1 1912. Due
$2000 Aug. 1 1913 and 1914 and $1,000 Aug. 11915.
Int. semi-ann. at Old Colony Trust Co. ot Boston. These bonds will be
certified as to their genuineness by the Old Colony Trust Co., which will
further certify that, in the opinion of Ropes, Gray & Gorham, these issues
are valid obligations of the city.
-BONDS DECHARLEVOIX COUNTY (P. 0. Charlevoix), Mich. $350,000 road-Reports state that the proposition to issue the
FEATED.
p. 1579) failed to carry at an election held recently.
const. bonds (V. 94,
-On Aug. 29 the three issues of
-BOND SALE.
CINCINNATI, Ohio.
were
4% 20-year tax-free bonds, aggregating $354,000 (V. 95, p. 313),Field,
awarded $220,000 street and $96,000 water bonds at 102.56 to bonds
Longstreth & Co. and Breed & Harrison of Cln , and $38,000 sewer
for $39,061 (102.79) to A. E. Aub & Co. of Cin., according to reports.
-Pro-BOND OFFERING.
CLAY COUNTY (P. 0. West Point), Miss.
posals will be received until 2 p. m. Sept. 5 by the Bd. of Co. Supervisors,
L. J. Howard, Clerk, for the $40,000 Dist. No. 1, $60,000 Dist. No. 2 and
.
441,000 Dist. No. 3 6% tax-free road and bridge bonds (V. 95, p. 497)
Auth., Chap. 149, Laws 1910, and Chap. 145, Laws 1912. Denom. $500.
Date, "date of issuance." Int. annual at the Bank of West Point at West
Point. Due $500 yrly. after the tenth year, balance due twenty-fifth year.
Cert. check for $500 to accompany bid for each block of bonds offered.
Official circular states that there is no controversy or litigation pending
or threatened affecting the corporate existence or boundaries of the districts or the title of the present officials to their respective offices or the
validity of these bonds.
COLTON SCHOOL DISTRICT (P. 0. Colton), San Bernardino County,
-BOND ELECTION.
-An election will be held Sept. 2, it is stated, to
Cal.
decide whether or not $6,000 bonds to Install a cooking, sewing and manual
training department in the school shall be issued.
-PRICE PAID FOR
COLUMBIANA COUNTY (P. 0. Lisbon), Ohio.
-The price paid for the $17,145 90 road bonds awarded on Aug. 12
BONDS.
to Hayden, Miller & Co. of Cleveland (V.95, p.497) was $17,834 90, making
the price 104.01.
-All bids received
CORDELE. Crisp County, Ga.-BIDS REJECTED.
for the four issues of bonds aggregating $95,000, offered on Aug. 21 (V. 95,
p. 249), were rejected.
CORONADO SCHOOL DISTRICT (P. 0. Coronado), San Diego County.
-The $80,000 5% building bonds
-DESCRIPTION OF BONDS.
Cal.
awarded on Aug. 7 to E. H. Rollins & Sons of San Francisco at 101.17
V. 95, p. 497) are in the denomination of $1,000 each and dated July 15
1915. Interest annually In July. Due $4,000 yearly from 1915 to 1934,
inclusive.
-BOND OFFERING.
-ProposCRESTLINE, Crawford County, Ohio.
als will be received until 12 m. Sept. 23 by M. J. Strauch, Village Clerk,
for the following 5% street-improvement bonds:
414,500 Columbus St. paving assessment bonds. Due $1,450 yearly
Sept. 1 from 1913 to 1922, inclusive.
8,000 Columbus St. paving (village's portion) bonds. Due $800 yearly
Sept. 1 from 1913 to 1922, inclusive.
Date Sept. 15 1912. Int. M. & S. Bonds to be delivered and paid for
within 10 days from time of award. Certified check for $500, payable to
the Village Treasurer, required. Purchaser to pay accrued interest.
-BOND OFFERCUSTER COUNTY SCHOOL DISTRICT NO.19, Mont.
ING.
-Proposals will be received until 2 p. m. Sept. 10 by H. L. Cobleigh,
Dist. Clerk (P. 0. Carlyle), for 82,000 6% coupon bldg. bonds. Denom.
4100. Date July 1 1912. Int. ann. at office of the Co. Treas. Due
July 1 1917, subject to redemption beginning July 1 1916. Cert. check
(or cash) for 5%, payable to the District Clerk, required. Bonded debt
at present $2,500. No floating debt. Assessed val. $248,000.
-BOND OFFERING.
CUYAHOGA COUNTY (P. 0. Cleveland), Ohio.
Proposals will be received until 11 a. m. Sept. 18 by the Board of County
Comm., J. F. Goldenbogen. Clerk, for $10,300 4% coupon Fischer Road
No. 2 (county's portion) bonds. Auth. Chap. 18, Div. 2, Title 3, Part 1,
Gen. Code. Denom.(1) $300,(20) $500. Date April 11912. Int. A.& 0.
at office of County Treas. Due $300 Oct. 1 1912; $500 each 6 mos. on
April 1 and Oct. 1 from 1913 to 1921 incl. and $1,000 April 1 1922. Cert.
check on a bank other than the one making bid,for 1% of bonds bid for,
payable to the County Treas., required. Bonds to be delivered within 1()
days from time of award. Purchaser to pay accrued Interest. No conditional bids considered. A similar issue of bonds was reported sold to Otis
& Co. of Cleveland on Aug. 7 (V. 95, p. 374).
-On Aug. 14 the $63,000 43i% coupon State Road No. 7
BOND SALE.
bonds (V. 95, p. 189) were awarded to the First Nat. Bank of Cleveland for
$64.065 90, making the price 101.691. Other bids follow:
A. E. Aub & Co., In.__ _$63,976 50 Barto, Scott & Co., Colum$63,711 00
Tillotson&WolcottCo,Clev 63,957 60 Prov. S. B. & Tr. Co., Cin. 63,688 30
Well, Roth & Co., Cincin_ 63,866 25 Otis & Co., Cleveland_ _
63,657 00
C. E. Denison do Co..Clev_ 63,802 60 Seasongood & Mayer, Cin_ 63,88000
New First Nat.Bank, Col_ 63,769 00
We are advised that the $52,500 4 Yi % bonds offered at the same time
V . 95, p. 189) were declared void.
-BONDS AWARDED IN PART.
-The following bids
DALLAS. Tex.
were received on Aug. 21 for the 5 Issues of 434% gold coupon bonds,
025,000 (V. 95, p. 374):
aggregating
$1,000,503 00 and int. for all issues
$1,& Co. Chic
Wm. A. Read
1,000,318 00 and int. for all issues
Harris Trust & Savings Bank and
Blodget & Co., Chicago
1,010,130 00 and int. for all issues
Dallas Trust & Say. Bank, Dallas
974,190 75 and int for all issues
N. W. Halsey & Co., Chicago
f
195,040 00 and int. for $200,000
Mayer, Deppe & Walter, and
1 school bonds.
Breed dc Harrison, Cincinnati
200,866 00 and int for $200,000
C. E. Denison & Co., Cleveland
city-hall bonds or for $200,000 of
the $400,000 water issue.
101,870 00 and int. for $100,000
Travelers Insurance Co. of Hartford,j
1 of the $400,000 water bonds.
Connecticut
The Commissioner of Finance and Revenue recommended that $200,000 of
the $400,000 water -works permanent bonds be awarded to C. E. Denison
& Co., at the price they offered, namely, $200,866 and accrued Interest from
May 1 1912 to date of delivery, and that $100,000 of the $400,000 waterworks permanent improvement bonds be awarded to the Travelers Insurance Co. of Hartford, Conn., at the price they offered namely, $101,870
and accrued interest from May 1 1912 to date of delivery; the sale of the
remaining bonds to be postponed until a future date.
DECATUR. Adams County, Ind.
-Proposals.will
-BOND OFFERING.
be received until 7 p. in. Sept. 3 by H. M. De Voss, City Clerk, for $9,000
435% coupon refunding tax-free bonds. Denom. $1,000. Date Sept. 3
January at office of the City Treas. Due $1,000 yearly
1912. Interest in
on Jan. 1 from 1914 to 1922, incl. Cert. check for $500, payable to the
"City of Decatur," required.
-BOND OFFERING.
-Proposals will
DEDHAM. Norfolk County, Mass.
be received until 4 p. m. Sept. 5 by T. I'. Murray, Town Treas., it is stated
for $2,000 1•35-year (ay.) sewer ext., $4,000 1-4-year (ser.) impt. and $4,000
1-4-year (ser.) school-ImPt. 4% bonds.
-BOND OFFERING.
-Proposals wit
DESHLER. Henry County, Ohio.
be received until 12 m. Sept. 30 by A. F. Samsel, Village Clerk, for $20,000
435% West Main St. Impt. (village's portion) and assessment bonds.
CH
V
561
Denom. (10) $1,470 and (10) $530. Date Sept. 1 1912. Interest M. & S.
Due Sept. 1 1922. Bonds to be delivered and paid for within 10 days from
time of award. Certified check for 5% of bonds bid for, payable to the
Village Treasurer, required. Purchaser to pay accrued interest.
-Proposals will be received until
-BOND OFFERING.
DETROIT, Mich.
3 p. m. Sept. 10 by the Board of Water Comm'rs, H. A. Gilmartin, Sec., for
$240,000 4% coup. water tax-free bonds. Denom. $1,000. Date Oct. 1
1912. Int. A. & 0. Due Oct: 1 1932. Cert. check for 34 of 1% of the
amount of bonds bid for, payable to the Board of Water Comm'rs, required.
A like Issue of bonds was offered for sale on Aug. 26 (V. 95, p. 435).
-Proposals will
DEXTER, Stoddard County, Mo.-BOND OFFERING.
be received until 8 p. m. Sept. 3 by J. Moore, City Clerk, for the $28,000
water-works and $25,000 sewer 5% bonds, recently voted (V. 95, p. 435).
Bids are requested for bonds maturing $500 yearly for each issue from one
to 19 years and the balance in 20 years, and also for bonds due in 20 years,
optional one-half in 10 years and one-quarter in 15 years. Purchaser to
furnish blank bonds. Certified check for $500 is required.
EAST CLEVELAND SCHOOL DISTRICT (P.O. East Cleveland), Cuya-Proposals will be received until
-BOND OFFERING.
hoga County, Ohio.
12 m. Oct. 1 by C. Ammerman, Clerk Board of Ed., for $15,000 4% schoolbldg.-Impt. bonds. Auth. Sec. 7629, Gen. Code. Denom. $1,000. Date
"date of sale." Int. A. & 0. at Cleveland Trust Co. of Cleve. Due Oct. 1
1932. Cert. check on a bank in Cuyahoga County for 10% of bid, payable
to Clerk, Bd. of Ed., required.
-BOND OFFERING.EASTHAMPTON. Hampshire County. Mass.
Proposals will be received until 10 a. m.Sept. 5, it is stated, by the Treasurer
for $30,000 4% 1-15-yr (ser) school bonds. Date July 1 1912.
-An election will
-BOND ELECTION.
ELMORE. Ottawa County, Ohio.
be held. Sept. 3 to vote on the proposition to issue $25,000 bonds, to purchase the Elmore Water Co's. plant.
-DESCRIPTION
ELMORE COUNTY (P. 0. Mountain Home), Idaho.
OF BONDS.
-The $28,200 535% refunding bonds awarded to Coffin &
Crawford of Chicago on July 8 (V. 95, p. 189) consist of 21 bonds of $1,000
each, 10 of $500 each and 11 of $200 each. Date July 1 1912. Int. semiannual at the Nat. City Bank in N. Y. Due $3,000 July 1 1922 and $2,800
yrly., July 1 1923 to 1931 incl.
-BONDS REGISTERED.
EL PASO COUNTY (P. 0. El Paso), Tex.
The State Comptroller registered an issue of $30,000 5% 10-30-year (opt.)
poor-farm bonds on Aug. 19.
BOND ELECTION.
-The election to vote on the issuance of ;$71,000
irrigation bonds (V. 95, p. 66) will be held Sept. 2, it is stated.
ESCONDIDO GRAMMAR SCHOOL DISTRICT (P. 0. Escondido), San
-Local papers state that the elecDiego County, Cal.
-BONDS VOTED.
tion held Aug. 17 resulted In favor of the proposition to issue the $8,000
building bonds (V. 95, p. 435).
-The elec-BONDS VOTED.
FAIRVIEW SCHOOL DISTRICT. Cal.
tion held Aug. 21 resulted, according to a Bakersfield paper, In favor of the
proposition to issue the $11,000 7% bonds (V.95, p.435).
FOND DU LAC. Fond Du Lac County, Wis.-BONDS AUTHORIZED.
-The Common Council passed a resolution on Aug. 20, it is stated, providing for the issuance of $25,000 water-plant-improvement bonds.
-On Aug. 23 the
-BOND SALE.
FOSTORIA, Seneca County, Ohio.
$9,560 434% 535-yr. (aver.) street-impt. (city's portion) bonds (V.98,
p.374) were awarded to Breed & Harrisor of Cincinnati at 101.851 and int.
-a basis of about 4.294%. Other hi Is follow:
Well, Roth & Co., Cin__ _ _$9,723 00ISidney Spitzer & Co.. T0l_$9,685 00
Stacy, Braun & Co., Tol__ 9,722 60IHayden, Miller & Co., Clev. 9,681 45
9,705 00 I Spitzer, Rorick & Co., Tol. 9,591 55
Otis &Co., Cleveland
-On
-BOND SALE.
FRANKLIN COUNTY (P. 0. Columbus). Ohio.
Aug. 29 the $10,000 435% 3.8-year (ay.) Strahl Road impt. bonds (V.95,
p. 374) were awarded to Barto, Scott & Co. of Columbus at 100.50 and int.
-BONDS A UTHORIZED.-An
FREEDOM. Beaver County, Pa.
ordinance was passed Aug. 5 providing for the issuance of $5,000 434%
general-impt. bonds. Denom. $500. Int. semi-ann. Due $500 yriy. on
July 1 from 1919 to 1928 incl.
-On Aug. 19 the $45,000
FRESNO, Fresno County, Neb.-BOND SALE.
5% 1534-yr. (aver.) impt. bonds, dated Aug. 15 1912 (V. 95, p. 250) were
awarded to the Wm. R.Staats Co. of Los Angeles for $46,631 (103.624) and
int.-a basis of about 4.67%. Other bids follow:
:
6 579 0
$46 476 5
E. H. Rollins & Sons, San Francisco
Harris Trust & Savings Bank, Chicago
-BOND OFFERING.
FULTON COUNTY (P. 0. Wauseon). Ohio.
Proposals will be received until 10 a. m. Sept. 17 by C. J. Sues, Co. Aud.,
for $20,000 4 35% Road No. 60 impt. bonds. Denom. $500. Date N v. 1
1912. Int. J. & J. at office of Co. Treas. . Due $2,000 each six months
from Jan. 1 1914 to July 1 1918 incl. Cert. check or certificate of deposit
for $200, payable to the Co. Treas.. required. Bonds to be delivered
within 15 days from time of award.
-On Aug. 24
-BOND SALE.
GENESEO. Livingston County. N. Y.
$8,000 bridge bonds were awarded to Douglas Fenwick & Co. of N. Y. at
100.3125 for 4.70s. Denom. $500. Date Sept. 1 1912. Int. ann. In
Feb. Due $500 yearly Feb. 1 1914 to 1929 incl.
-BONDS
GLEN ROCK (P. 0. Ridgewood), Bergen
N. J.
County'
VOTED.
-An election held Aug. 27 resulted in favor of the proposition to
Issue $10,000 road bonds. The vote was 62 to 34.
-On Aug. 21
-BONDS SALE.
GLENS FALLS, Warren County, N. Y.
the $117,000 434% 10 1-3-year (aver.) sewer-refunding bonds dated Aug.31
1912 (V. 95, p. 374) were awarded to Harris. Forbes & Co. of N. Y. at
101.322 and int.-a basis of about 4.34%. Other bids follow:
R. L. Day & Co., N. Y__$118,501 11 Blodget & Co., N. Y____$118,274 03
118,411 00 Brown Bros. &Co.. N.Y. 118,256 00
Ahams & Co., N. Y
E. H. Rollins & Sons,N.Y. 118,399 32 Estabrook & Co., N. Y.... 118,249 56
Farson, Son & Co., N. Y. 118,349 01 Watson & Pressp., N. Y. 118,241 37
GOODRICH SCHOOL DISTRICT (P. 0. Goodrich), Genessee County,
-At an election held Aug. 20 the voters authorMich.
-BONDS VOTED.
ized the issuance of $10,000 bldg. bonds, by a vote of 51 to 26, reports state.
GRAHAM COUNTY SCHOOL DISTRICT NO.71, Kans.-BOND SALE.
-The State of Kansas was awarded at par in June $1,000 5% school-house
bonds. Date May 1 1912. Due from July 1 1919 to 1923, opt. at any
Interest period.
GRANT SCHOOL DISTRICT (P.O. Chester), Hancock County, W. Va.-The purchasers of the $20,000 5% 10-34-yr.
PURCHASERS OF BONDS.
(opt.) coup. bldg. bonds, blds for which were received on July 20 (V. 95, p.
250), were, reports state, the First Nat. Bank of Chester and the Mellon
Nat. Bank of Pittsburgh, at 100.78 and int.
-No award
GREENFIELD, Dade County, Mo.-BONDS NOT SOLD.
was made on July 25 of an issue of $16,500 5% water-works bonds offered
on that day.
-Proposals
-BOND OFFERING.
HACKENSACK, Bergen County, N. J.
will be received until 8:30 p. m. Sept. 9 by the Improvement Commission
coupon or registered funding bonds (V. 94, p
for the $150,000 435% gold
1522). Denom. $1,000. Date Aug. 11912. Int. F. & A. at the Hacken
sack Trust Co., Hackensack. Due Aug. 1 1942. The bonds will be approved as to legality by Hawkins, Delafield & Longfellow of New York,
whose opinion will be furnished to the purchasers. Charles W. Bell is Pres
The official notice of this bond offering will be found among the advertisements elsewhere in this Department.
-On Aug. 28 the
-BOND SALE.
HAMILTON, Butler County, Ohio.
$25,000 4% 15
-year coupon storm-sewer bonds (V. 95, p. 250) were
awarded to the Atlas Nat. Bank of Cincinnati at 101.15.
Other bids follow:
A. E. Aub & Co., Cincin _$25,230 00 Otis & Hough, Cleveland_125,140 00
Well, Roth & Co., Cln_ ___ 25,213 00 Prov-Sav.Bk.&Tr.Co.,Cin. 25,140 00
-Bertram Co.. Cin_ 25,105 00
Barto, Scott & Co., Col _ 25,187 50 Davies
25,181 25 Sec. Nat. Bank, Hamilton 25,101 00
Stacy & Braun, Toledo
Seasdn ood & Mayer, Cinc. 25,165 00 Hamilton Dime Say. Bank 25,069 00
Mayer, enne&Waiter.Cin. 25.152 50 Breed & Harrison, Cin__ _ 25,037 50
-Reports
-BONDS VOTED.
HAMILTON, Hamilton County, Tex.
state that at a recent election the question of issuing $8,000 water-works
bonds receive a favorable vote.
-On Aug. 27
-BOND SALE.
HANLONTOWN. Worth County, Ohio.
-10-year school-building bonds were awarded to Schanke dc Co
$7,000 5% 3
of Mason City at par.
562
THE CHRONICLE
[VoL. Lxxxxv.
HARTSELLS. Morgan County, Ala.
-PURCHASER OF BONDS.
- Farson, Son & Co., New York
$24,012 00 for 4.60s
Reports state that the purchaser of the $15,000 school-building bonds re- John J. Hart, Albany
24,007 20 for 4.60s
cently sold (V.95, p. 314) was the New First National Bank of Columbus,
Adams & Co., New York
0
24,020 00 for 4.70s
HOWARD COUNTY (P. 0. St. Paul). Neb.-BOND OFFERING.
24,005 00 for 4.70s
- Douglas Fenwick & Co., New York
Proposals will be received until 12 m.Sept. 2 by K.D. Bahinsky, Co. Clerk, Isaac W. Sherrill & Co., Poughkeepsie
24,040 00 for 4.75s
for the $75,000 4 %% coupon court-house bldg. and equip. bonds voted W. N. Coler & Co., New York
24,011 30 for 4.75s
Denom. $1,000. Date August 1 1912.
June 25 (V. 95, p. 67). Denom. $1,000. Date July 11912. Int. J. & J. at
office of State Treas. in Lincoln. Due July 1 1927, subject to redemption
MEDINA.
-BOND OFFERING.
-Proposals wilt
In amounts of $1,000 or multiple thereof after July 1 1912. Bonded debt be received 8 Orleans County. N. V.
p. m.Sept. 10 by F. J. Kearney, Village Clerk, for the $15,000
incl. this issue $91,000. Assess. val. $4,475,835.
tax-free paving bonds at not exceeding 5% int. Authority vote of 611 to.
HUMBOLDT, Humboldt County. lowa.-BOND OFFERING.
-Propos- 71 at the election held May 28 (V. 94, p. 1400). Denom. $1,000. Date
als will be received until Sept. 1 (this date falls on Sunday, but is so given Oct. 1 1912. Int. ann. in Oct. at the Union Bank in Medina. Due $3,000.
by the Town Clerk) by J. A. Parker, Town Clerk, for $8,000 4 Ji% 10-20- yearly Oct. 1 1913 to 1917 incl. Cert. check for 5% of bonds, payable.
year (opt.) coupon city-hall bonds. Denom. $500. Date "about Sept. 1 to the Village Treas., is required.
1912." Interest semi-annual. Bonded debt, $5,500. Floating debt,
MEMPHIS, Tenn.
-BONDS PROPOSED.
-Local papers state that this
$4.500. Assessed valuation, $1,630,692.
city is making preparations for the issuance of $400,0100 6% 5
-year "frontKEWAUNEE JOINT SCHOOL DISTRICT NO. 1 (P. 0. Kewaunee). foot assessment" impt. bonds, which are to be advertised for sale some
Kewaunee County, Wis.-BOND OFFERING.
-Proposals will be received time in October.
until 10 a. m. Sept. 10 by 0. II. Bruemmer, Clerk Board of Education, for
MIDDLESEX
-LOAN OFFERING.
$44,000 4% coupon building tax-free bonds. Auth. Chap. 172, Laws of Proposals will beCOUNTY (P. 0. Lowell), Mass.
received until
1905. Date "not fixed yet." Interest annually in Kewaunee. Due 15 stated, for a temporary loan of10 a. m. Sept. 4 by the Co. Treas., it is
$100,000 due Nov.6 1912, in anticipayears from Feb. 1 1913. Certified check for $500, payable to Jos. Valecka tion of taxes.
required. No debt at present. Assessed valuation 1912, $920,000.
-BOND SALE.
MIDDLETOWN. Butler County, Ohio.
-On Aug. 22
KIMBOLTON VILLAGE SCHOOL DISTRICT (P. 0. Kimbolton), the following premiums were offered for the $14,738 20 4%%
1-10-yr. (ser.)
-Proposals will be received Baltimore St. pay, assess. bonds. (V. 95, p. 252.)
-BOND OFFERING.
Guernsey County, Ohio.
until 12 m. Sept. 3 by H. J. Beatenhead, Clerk Board of Educ., for $4,000 Atlas Nat, Bank. Cin
•$368 45 Mayer, Deppe & Walter, Cin.$239 05
4 ji % tax-free coupon building bonds. Auth. Secs. 7625, 7626 and 7627, Barto, Scott & Co., Columb. 316 00 Seasongood & Mayer,
Cin__ 225 00
Gen. Code. Denom. $400. Date Oct. 1 1912. Int. A. & 0. Due $400 Breed & Harrison, Cin
301 00 Prov.Say.B.& Tr.Co., Cin__ _ 221 07
yearly Oct. 1 from 1913 to 1922, incl. Bonds to be delivered and paid for Well, Roth & Co., Cin
281 QO New First Nat. Bk., Colum. 213 00
within 10 days from time of award. Certified check for $200, payable to the First Nat. Bank, Cleveland.. 272 90
Clerk Board of Eduo., required. Purchaser to pay accrued interest. No
*This bid, it is stated, was successful.
debt at present. Assessed valuation for 1912, $272,135.
BOND SALE.
-On Aug. 25 the $15,000 4% 2-16-year (serial) sewerKVGER SPECIAL SCHOOL DISTRICT (P. 0. Kyger), Gallia County, construction bonds (V. 95, p. 375) were awarded to the Atlas NationaL
-BOND SALE.
Ohio.
-On Aug. 20 the $2,750 4% 1-10-yr. (ser.) bldg. Bank in Cincinnati at 103.40 and interest
-a basis of about 4.046%.
and equip. bonds (V. 95, p. 314) were awarded to J. L. Betz of Gallipolis Other bids follow:
A. E. Aub & Co., On_ ___$15,502 501Mayer,Deppe&Walter,Cin.$15,472 50.
at par.
Breed & Harrison,
-BONDS VOTED.
LARKSPUR. Mann County, Cal.
-The election held Prov,S. B. & 'tr. Cin___ 15,495 00 Well, Roth & Co., Cincin_ 15,470 00
Co., Cin. 15,490 50 Otis ec Co.,
00.
recently resulted in favor of the proposition to issue the $35,000 street
- Stacy & Braun, Toledo_ _ _ 15,489 55 Seasongood Cleveland_ _ __ 15,455 00
& Mayer, Cin_ 15,453
improvement bonds (V. 95, p. 499), according to reports.
First Nat. Bank, Cleye___ 15,473 90 New First Nat. Bank, Col_ 15,337 50.
-The issuance of $23,000 bonds to
-BONDS VOTED.
LEONIA. N. J.
MILFORD. Iroquois County, 111.
-BONDS VOTED.
-Reports state
purchase a sewer system was ratified at an election held Aug. 26.
that an election held Aug. 21 resulted in favor of the proposition to issue
LEWIS AND CLARK COUNTY SCHOOL DISTRICT NO. 5, Mont.
- $3,000 street-paving bonds.
-Proposals will be received until 2 p. m. Sept. 20 by
BOND OFFERING.
MISSION SCHOOL DISTRICT, San Bernardino County, Cal.
-BOND
Jennie E. Jordan, Clerk School District, at the ranch house of C. H.Jordan, SALE.
about 12 miles northeast of Helena, for $2,000 6% 5
-10-year (opt.) bonds. *3,500-The First Bank of Highland in Highland has been awarded
bonds, reports state.
Denom. $1,000. Int. ann. In Sept. at the County Treas. office. Certified
MOLINE. Rock Island County, 111.
check for $100, payable to the Clerk, is required. No other debt.
-BOND SALE.
-On Aug. 22 the
$164,000 ,
-BONDS DEFEATED.- awarded 4 36% 12 1-3-yr. (aver.) water-works bonds (V. 95, p. 315) were
LINCOLN COUNTY (P. 0. Lincolnton), Oa.
The election held Aug. 21 resulted in the defeat of the proposition to issue and int. to the Harris Trust aa Say. Bank of Chicago for $165,775 (101.082)
Other bids follow:
$90,000 court-house bonds (V. 95, p. 314).
S. A. Kean ec Co., Chic_ _•$168,100 00 E.H.Rollins & Sons,Chlo.$164,206 64
LOGAN. Harrison County, Iowa.
-BOND SALE.
-On Aug. 24 the .Geo. M. Bechtel & Co.,
A.!)
.Leach & Co.,Chlo_ _ 164,115 00
,
$20,000 water-works-system bonds voted Aug. 5 (V. 95, p. 499) were
Davenport
•166,055 00 John Nuveen & Co., Chlo. 163,755 50
awarded to Geo. M. Bechtel & Co. of Davenport at 101.75, reports state.
N.Y. Life Ins. Co., N.Y_ _ 165,525 00 N.W.Halsey & Co., Chic. 163,275 00,
-BOND OFFERING.
LORAIN, Lorain County, Ohio.
-Proposals will
• Including accrued interest.
be received until 12 in. Sept. 23 by E.P. Keating, City Auditor, for $16,500
43i% coupon street-paving (city's portion) bonds. Auth. Sec. 3939 Gen.
MOMENCE TOWNSHIP. Kankakee County. 111.
-BONDS VOTED.
Code. Denom. $500. Date Sept. 15 1912. Int. M. & S. beginning By a vote of 185 to 83, the question of issuing the $30,000 road-constr.
March 15 1913, payable at the Sinking Fund Trustee's office. Due $2,000 bonds (V. 95, p. 437) carried, it is stated, at the election held Aug. 20.
yearly Sept. 1 from 1912 to 1918, incl., and $2,500 Sept. 1 1919. Bonds to
MONTEBELLO SCHOOL DISTRICT, Los Angeles County, Cal.
be delivered and paid for within 10 days after the award. Certified check BONDS AZITHORIZED.-Accor
ding to reports, the Issuance of $16,000.
on any Lorain bank or any national bank outside of said city for $500, school bonds has
been authorized.
payable to the City Treasurer, required.
MT.
-J. R. Men of
-BOND SALE.
-BOND OFFERING.
LOVELAND, Clermont County, Ohio.
-Proposals ChicagoVERNON. Franklin County, Tex.
was awarded
will be received until 12 m. Sept. 21 by J. L. Hoctor, Village Clerk, for $18,000 5% 20-40-yr.at a price above par and accrued int. on June 18 the
(opt.) water-works bonds registered on that day by
$1,095 13 6% coupon sidewalk, curb and gutter bonds. Date March 1 the State
1913. Interest annual. Due $219 13 yearly March 1 from 1914 to 1918, Int. A. 8:Comptroller (V. 95, p. 68). Denom. $500. Date April 1 1912.
0.
Incl. Bonds to be delivered and paid for within 10 uays from date of
NASHVILLE, Washington Count III.-BOND ELECTION.
-Accordaward. Certified check for 10% of bonds bid for, payable to the White
Treasurer, required. Purchaser to pay accrued interest. Provided,that ing to reports, an election will be held Sept. 24 to vote on the question of
If before the opening of bids any of the abutting property-owners shall pay issuing $21,500 water-works-construction bonds.
their full quota of costs and expenses, then the aggregate bond issue shall
NEW BEDFORD. Mass.
-Proposals will be re-BOND OFFERING.
be reduced accordingly.
ceived until 8 p. m.Sept. 9 by W.S. Cook, City Treasurer, for the following
LUCAS COUNTY (P. 0. Toledo), Ohlo.-BOND SALE.
-On Aug. 27 registered tax-free bonds:
the following premiums were received for the four issues of 45i% road-impt. $150,000 sewer bonds. Auth. Chap. 76, Acts of 1912. Date July 1 1912.
Int. J. & D. Due $5,000 yearly Juno 1 from 1913 to 1942 incl.
bonds aggregating $165,367 58 (V 95, p. 436).
23,000 municipal loan No. 5 of 1912. Date Aug. 1 1912. Int. F. & A.
$48,835 35 $55,502 18 $59,030 05 $3,000
Due $3,000 yearly Aug. 1 from 1913 to 1915 Incl. and $2,000
Issue.
Issue.
Issue.
,
Issue.
yearly Aug. 1 from 1916 to 1922 incl.
•$1,165 71 •$1,441 35 •$1,446 12 $28 38
Stacy & Brous. Toledo
Denom. $1,000 or any multiple thereof. The legal opinion of Storey,
J. Waldvogel, Toledo
J.
Thorndike, Palmer & Dodge, Boston, will be furnished. Cert. check on a
Hayden, Miller & Co., Cleve_ 1,100 00
1,369 00
1,378 00 *5 00
12 5
7
Well, Roth & Co. Cincinnati_
938 00
1,149 00
1,193 00
12 00 national bank or trust companly for 2% of bonds bid for, payable to the
city of New Bedford, required.
Mayer, Deppe & Walter andj
'
904 90
1,122 82
1,135 20
Davies-Bertram Co., Cinc1.1
NEW BERLIN, Stark County, Ohlo.-BOND OFFERING.
-Proposals
Sidney Spitzer & Co., Toleds
872 50
1,085 00
will be received until 12 m. Sept. 24 by A. A. Swope, Village Clerk, for the
1, 80 0 0
869 00
0
685 00
New First Nat. Bank, Colum_
1,001 00
following 4%% coupon bonds:
Breed & Harrison, Cincinnati.
1,138 00
$15,000 water-works
-system construction bonds. Due Aug. 1 1927.
20,000 s 03a e-system-construction bonds. Denom.$1,000. Due Aug.
ierer2g
.
• These were the successful bids.
Date Aug. 1 1912. Int. annually In Aug. Bonds to be delivered and
-On Aug. 26 the
MC ARTHUR. Vinton County, Ohlo.-BOND SALE.
$17,000 4% coupon street-impt. bonds (V. 95, p. 314) were awarded to paid for within 10 days of time of award. Certified check on a bank In.
& Braun of Toledo at par and int. Other bids were received from Stark County for 5% of bonds bid for, payable to Village Treasurer, reStacy
Well, Roth & Co. of Cin., Spitzer, Rorick & Co. of Toledo and Hayden, quired. Purchaser shall furnish at his own expense the necessary blank
bonds.
Miller & Co. of Cleveland.
NEW HOPE IRRIGATION DISTRICT. Utah.
0t
-BOND SALE.
-On Aug.24 the $40,000 4 Ji% coup.waterOND
e
-BOND OFF
MACON. Oa.
Board ERING.
works bonds (V.95, p. 314) were awarded to J. H. Hilsman ec Co. of Atlanta proposals will be received until 7 p. m. Sept. 10 13 yDirectors,
Utah.at 100.5725, reports state. Due $15,000 Jan. 1 1938 and $25,000 Jan. 1 '39. J. W. Gibboney, Pres. (P. 0. Independence), for $40,000 6% bonds. Date
Sept. 2 1912. Due serially beginning Sept. 1 1923 to Sept. 2 1932, incl.
MADISON, Lac Qui Palle County, Minn.
-BOND SALE.
-On Aug. 22
NILES. Trumbull County, Ohio.
-On Aug. 22 the three
-BOND SALE.
the $50,000 5% 21.6-yr. (aver.) electric-light and water-works-impt. bonds
(V. 95, p. 375) were awarded to the Western Securities Co. at 101.70 and issues of bonds aggregating $36,135 (V. 95, p. 252) were disposed of as
follows,It is stated: Two 416% issues totaling $31,635, to the Niles Trust Co.
,
int.-a basis of about 4.87%. Other bids follow:
'$51,006 Spitzer, Rorick & Co., Tol_ $49,000 In Niles for $32,035, making the price 101.264; and the $4,500 5% bonds
C. H. Coffin, Chicago
Bolger, Mosser & Will., Chic. 50.810 John Nuveen & Co., Chic__ 48,560 to Stacy &Braun of Toledo for $5,024 84, making the price 111.863.
50,625
C. F. Childs & Co., Chic_
-BOND OFFERING.
NINISHILLEN TOWNSHIP, Stark County, Ohio.
-Proposals will be received until 1 p. m. Sept. 10 by H. J. ICropf, Twp.
*No accrued interest.
Clerk. (P. 0. Louisville), for $12,000 4'.% coupon road-impt. bonds.
-BOND SALE.
MANSFIELD, Douglas County, Wash.
-On Aug. 15 Auth. Sec. 3925 and 3939 Gen. Code. Denom. $1,000. Int. M. & S. at
$10,000 6% 10-20-yr (opt.) water-system bonds were awarded to C. H. the Louisville Deposit Bank of Louisville. Due $1,000 each six months
pay accruLEt
Coffin of Chicago at 100.26. Denom. $1,000. Date Aug. 15 1912. Int. from March 15 1913 to Sept. 15 1918 incl. Purchaser to ON p sAedl on
.
M.& S.
NO TH ATTLEBORO, Bristol County. Mass
R
MARION, Grant County, Ind.
-BOND OFFERING.
-Proposals will be Aug. 28 N. W. Harris & Co. of Boston were awarded, it is stated, at 100.57,
received until 7:30 p. m. Sept. 3 by F. R. Heck, City Clerk, for $50,000 the following 4% coup. bonds:
4% coup, tax-free market
-house and civic-hall bonds. Denom. $1,000. $6,000 Washington St. paving and drain-loan bonds. Due $1,000 yearly
Sept. 1 from 1913 to 1918 incl.
Date Dec. 1 1912. Int. at the Marion State Bank in Marion. Cert. check
20,000 1922 ncin of 1912 bonds. Due $2,000 yearly Sept. 1 from 1913 to
vN ateriloa
.
for $500 is required.
-BOND SALE.
MARION COUNTY (P.O. Marion), Ohio.
-On Aug. 24
Date Sept.
the $12,600 5% coupon Winch Free Turnpike road bonds (V. 95, p. 375) Co., Boston. 1 1912. Int. M. dc S. at the Boston Safe Deposit & Trust
were awarded, it is stated, to the New First National Bank of Columbus for
NORTHAMPTON COUNTY (P. 0. Eastville), Va.-BOND SALE.
$12,605, making the price 100.039.
On Aug. 15 the $5,000 5-30-yr. (opt.) coupon road bonds (V. 95, p. 375)
MATAGORDA COUNTY COMMON SCHOOL DISTRICT NO. 10, Tex.
- were
BONDS VOTED.
-An election held Aug. 17 resulted, It is stated, in favor 4(s.awarded to the Bank of Chincoteague in Chincoteague at 100.06_for
Date Sept. 11912.
of the proposition to issue $3,500 building bonds.
OAK HARBOR. Ottawa County, Ohio.
-On Aug. 24
-BOND SALE.
MATAGORDA COUNTY COMMON SCHOOL DISTRICT NO, 13, Tex.
-year
BONDS VOTED.
-A favorable vote was cast on Aug. 17 ,it is reported, on $10,000 5% 5 at street-In-int. bonds were awarded to Sidney Spitzer tec
Co, of Toledo
102.11-a basis of about 4.525%. Other bids follow:
the question of Issuing $1,500 building bonds.
Well, Roth & Co., Cin_ _ _ _$10,151 10I Oak Harbor State Bank,
MATAGORDA COUNTY DRAINAGE DISTRICT NO. 3, Tex.
$10,000700
-BOND Stacy &Braun, Toledo_ _ _ 10,141 40
Oak Harbor
-The $27,950 5% drainage bonds registered by the State CompSALE.
Fit'st N. Bk., Oak Harbor 10,000_00
s
.
troller on July 12 (V. 95, p. 190) were awarded, it is stated, to Hoehler &
Denomination $500. Interest M. &
Cummings of Toledo.
OCEANSIDE-CARLSBAD UNION HIGH SCHOOL DISTRICT, Cal,
A similar issue of bonds was reported sold to Dr. A. C. Wilkins on Feb. 15. BOND ELECTION.
-An election will he held Sept. 6, it is stated, to vote
(V. 94, p. 781.)
on the question of issuing $15,000 bonds.
r MATAGORDA COUNTY DRAINAGE DISTRICT NO. 4, Tex.
-BOND
ORANGE UNION HIGH SCHOOL DISTRICT, Orange County, Cal.
SALE.
-Reports state that Spitzer, Rorlok & Co.,of Toledo purchase and BOND SALE.
-On Aug. 20 the $50,000 5% 1-25-yr. (ser.) high-schoolIssue of $50,000 drainage bonds.
bldg. bonds (V. 95, p. 375) were awarded to the Harris Trust & Say. Bank
-BOND SALE.
MECHANICVILLti. Saratoga County, N. V.
-On In Chicago at 103.032 and Int.--a basis of about 4.686%. Other bids:t
Aug. 28 the 124,000 5-28-yr. (ser.) street-Pavilg bonds (V.95, P. 499) were Torrance, Marshall & Co.,
Wm.R.Stoats Co., Los A.$51,266 50
awarded to Harris, Forbes & Co. of N. Y. at 100.182 for 430. Other bids
Los Angeles
$51,351 ool N. W.Halsey & Co.,S. Fr. 51,155;00
follow:
E. H. Rollins & Sons, S.Fr. 51,305 00 State Board of Control__ $069690
AUG. 31 1912.]
THE CHRONICLE
563
-BOND ELECTION.
SACRAMENTO COUNTY (P.O. Sacramento), Cal.
-During June the
-BOND SALE.
OSBORNE.. Osborne County, Kan.
May 1 -An election will be held, it is stated, to vote on the question of issuing
State of Kansas was awarded at par $15,000 5% light bonds. Date
$1,997,344 40 Reclamation District No. 1.000 bonds.
1912. Due May 1 1932, opt. at any int. period.
-BONDS
ST. BERNARD SCHOOL DISTRICT (P. 0. Cincinnati), Ohio.
-The elecOSKALOOSA, Mahaska County, lowa.-BONDS VOTED.
-On Aug. 27 $75,000 of the 3175,0004% 40-yr.
AWARDED IN PART.
tion held Aug. 23 resulted in favor of the proposition to issue $4,500 city- bldg. tax-free bonds (V. 95, p. 378) were awarded jointly to Well, Roth &
it is stated, was 214 to 106.
hall bonds. The vote,
Seasongood & Mayer and the Western German Bank of Cin. for $75,-On Aug. 19 an Co. (101.32) and Int. The purchasers were given an option on the reOTTUMWA, Wapelio County, lowa.-BOND SALE.
'
stated, 995
Issue (f $80,000 5% warrant-funding bonds was purchased, it is
mainder of the issue on the same basis at any time the board offers them
for sale. The bid of the syndicate for the entire issue was 101.76.
by G. M. Bechtel & Co. of Davenport.
-BOND
Fla.
Other bids follow:
PALM BEACH COUNTY (P. 0. West Palm Beach), by the Board
!Breed & Harrison, Cin_ _$1'77,012 50
Mayer, Deppe & Walteri
-Proposals will be received until 12 m.Sept. 10
OFFERING.
road
and Provident Sav.;$177,222 50 I Atlas Nat. Bank, Cin_ _ _ •50,510 00
of Co. Comm'rs., H. B. Saunders Jr., Clerk, for the following 5%
Bank & Tr. Co., Cin_
construction bonds.
6208,
• Bid for $50,000.
$60,000 Special Road and Bridge Dist. No. 2 bonds. Auth. Chap.
Laws of Florida, also vote of 95 to 22 at the election held July 23
-BOND OFFERING.
-ProposBT. MAR VS. Auglaize County, Ohio.
(V. 95. p. 315). Int. payable at Seaboard Nat. Bank, N. Y., als will be received until 12 m.Sept. 10 by I. H. White, Sec., for 346,0004%
Due 30 years.
6208, coup. refunding paving bonds. Auth. Sec. 4520, Gen. Code. Denom.
85,000 Special Road and Bridge Dist, No. 1 bonds. Auth. Chap. 17. $1,000. Date Oct. 1 1912. Int. A. & O.at office of the Sinking Fund
Laws of Florida, also vote of 15 to 0 at an election held June
Trustees. Due Oct. 1 1937. Cert. check for 2%, payable to the Sinking
Int. payable at the Hanover Nat. Bank, N. Y. Due 40 years.
Fund Trustees, required.
• Denom.$500. Date Sept.11912. Int. M.&S. Cert.check for 1% of bonds
-BONDS REGISTERED.
-An
Tex.
SAN
bid for, required. Official circular states that there has never been any issue ofANGELO.Tom Green County, bonds was registered by the State
$50,000 5% 20-yr. street-impt.
that there is
default in the payment of any of the county obligations,and
no controversy or litigation, pending or threatened, affecting the corporate Comptroller on Aug. 21.
SAN JUAN COUNTY (P. 0. Aztec), N. Mex.-BOND ELECTION
existence, or the boundraies of the county or districts, or the title of Its
-According to reports, this county is circulating petitions
PROPOSED.
present officials to their respective offices or the validity of these bonds.
bu ll ning b an election to vote on the issuance of $50,000 road and bridge- ealii d g for onds.
-TEMPORARY LOAN.
1,
PAWTUCKET, Providence County, R.
bank
A loan of $115,000. due Oct. 21, was awarded, it is stated, to a local
-Bond Election.-An election
SA RATOG A SCHOOL DISTRICT, Cal.
at 4 zg% discount.
- will be held Sept. 3 to vote on the question of issuing school bonds, accordOFFERING.
N. Y.
PELHAM MANOR, Westchester County.Sept. -BOND
7, it is stated, by W. P. ing to a San Jose newspaper.
p. in.
Proposals will be received until 8:80
5% 11-yr. (aver.) high-On Aug.27 the $200,-CERTIFICATE SALE.
SCHENECTADY. N. Y.
Brown, Chairman Bd. of VII. Trustees, for $14,000 for 5% required.
000 certificates of indebtedness due Feb. 27 1913 (V. 95, p. 501) were
way-impt. bonds. Int. semiannual. Cert. check
ELECTION. awarded to Bond & Goodwin of N. Y $100,000 at 4.90% and $100,000 at
PITTSYLVANIA COUNTY (P.O. Chatham). Va.-BOND
.
B 97O I t.. A
to 4 r0 . ofnN V. bid of $200,023 50 for 5s was also received from Kountze
-According to reports, a vote will be cast on Sept. 3 on a proposition
issue $100,000 road improvement bonds.
-Further
SCOTT COUNTY (P. 0. Gate City), Va.-BOND ELECTION PROOFFERING.
-BOND
PLAINFIELD, Union County. N. J.
POSED
according to reports, proposes to hold an election
details are at hand relative to the offering on Sept. 3 of the $18,000 5% this fall .-This county,
to vote on the issuance of $300,000 road bonds.
bonds (V. 95, p. 437). Proposals for these bonds
gold coupon street-impt.
SHELTON. Buffalo County, Neb.-BONDS DEFEATED.-UnoffIclal
will be received until 8 p. m. on that day by J. T. MacMurray, City Clerk.
Date July 11912. Int. J. & J. Due 3 years, optional beginning 2 years. returns indicate that the question of issuing $5,000 town-hall-ereotlon bonds
Bonds to be delivered on or before Sept. 12, unless a subsequent date may was defeated at the election held Aug. 21.
be mutually agreed upon between the purchaser and City Treasurer. Certi-BONDS REGISTERED.
-The $33,SHERMAN, Grayson County,Tex.
fied check for 2% of bonds bid for, payable to the City Treasurer, required. 000 water-works and $7,000 sewer 5% bonds sold on June 27 (V.95, p. 69)
Purchaser to pay accrued interest. The bonds will be prepared and certi- were registered on Aug. 23 by the State Comptroller.
Y.
fied as to genuineness by the Columbia-Knickerbocker Trust Co. of N.the
-BONDS VOTED.
-An eleetion held
SIDNEY, Delaware County, N. Y.
Bids to be made on forms furnished by this company. The legalityof
Aug. 13
issue has been examined by Hawkins, Delafield & Longfellow, whose favor- 1-3-yr. resulted in favor of the proposition to issue approxmately $6,000
sewer-extension bonds at not exceeding 5% int. The vote was 107
able opinion will be furnished to the purchaser.
-No sale to 40.
-BONDS NOT SOLD.
PLUMMER. Kootenai County, Idaho.
-BOND SALE.
-On Aug. 14 the
SILVERTON. Marion County, Ore.
was made on Aug. 24 of the $15,000 10-20-yr. (opt.) coup. water bonds
$10,000 6% 1-5-yr. (ser.) street bonds (V. 95, p. 376) were awarded to
offered on that day (V. 95, p. 437).
H. Gates Coolidge & MeClaine of Silverton at par and cost of issue.
-C.
-BOND SALE.
PORT ARTHUR, Jefferson County, Tex.
-BOND SALE.-AocordIng to
SMITHVILLE, Bastrop County, Tex.
of Port Arthur has purchased at par and int., it Is stated, the $490,000 5%
reports, the $3,000 5% 20-yr. bridge bonds registered by the State Compbonds bids for which were recently rejected (V. 95, p. 500).
The bonds were registered by the State Comptroller,on Aug. 22 and troller on Aug.9 (V.95, p. 438) were purchased by the City School Fund.
-The Fidelity Nat. Bank has -pur-BOND SALE.
consist of the following issues: $20,000 city-hall, $140,000 water-works,
SPOKANE. Wash.
Series No. 1; $37,000 water-works, Series No. 2; $123,000 sanitary sewer, chased $23,000 impt. assess. bonds at par, according to reports.
Series No. 1; $145,000 water-works, Series No. 3; $15,000 sanitary
-BONDS A UTHORIZED.-OrClarke County, Ohio.
SPR I NGFIE LD.
-year (opt.) tiresewer, Series No. 2, 40-year bonds, and $10,000 20 40
on Aug. 13 providing for the issuance of Via fallowing
-year Impt. Dist. No. 1 bonds dlnances were passed
station bonds. An issue of $19,000 8% 40
4% coup. bonds:
was also registered by the State Comptroller on Aug. 22.
$5,000 Clairmont Ave. condemnation bonds. Denom. $1,000.
- 3,700 Sheridan Ave.sewering (city's portion) bonds. Denom.(1) $1,700.
-BOND OFFERING.
POSEY COUNTY (P. 0. Mt. Vernon), Ind.
(2) $1,000.
Proposals will be received until 2 p. m.Sept. 2 by A. A.Schenk, Co. Treas.,
highway-ext.
i% Fritz Schnook et al Plack Twp.
Date Sept. 1 1912. Int. M. & S.at office of City Treas. Due Sept. 1 1928.
it Is stated, for $5,840 4 y
-On Aug. 27 the two issues of coup. bonds (V.95, p. 316)
BOND SALE.
bonds. Denom. $146. Date Sept. 5 1912. Int. M. & N. Duo part
were awarded as follows:
each six months beginning May 15 1913.
ANNE COUNTY (P. 0. Centerville), Md.-BOND OFFER- $20,000 4% park and boulevard bonds to A. E. Aub & Co. of Cincinnati at
QUEEN
101.18 and interest.
-Proposals will be received until 6 p. m. Sept. 23 by E. J. Merrdick,
ING.
Co. Clerk, it is reported, for $30,000 5% 1-12-yr. (ser.) general impt. bonds. 161,228 15 4 3i% sewer bonds to Seasongood & Mayer of Cincinnati for
$166,328 15 (103.163) and interest.
Cert. cheek for 2% required. Int. semi-ann.
Well, Roth & Co., Stacy & Braun,
Bids were
-Proposals will Nat. Bank, also received from Trust Co. and Davies-Bertram Co. of Atlas
-BOND OFFERING.
QUINCY. Norfolk County, Mass.
Cin.;
Prov, Say.
Treas., for $15,00D Hayden, Miller & Co. ofBank & the New First Nat. Bank of Columbus.
be received until 12 m. Sept. 3 by H. F. Tilden, City
Clev. and
4% coup, water-supply loan Act of 1911 bonds. Denom. $1,000. Date
-BOND
STEVENS COUNTY SCHOOL DISTRICT NO. 154, WASH.
Aug. 1 1912. Int. F. & A. payable in Boston. Due $1,000 yearly Aug. 1
-On Aug. 17 $5,500 bldg. bonds were awarded to the State of Wash.
from 1913 to 1927 incl. Bonds will be certified as to genuineness by the SALE.
Old Colony Trust Co., Boston. The legality of the bonds has been approved at par for 5%s. Other bids follow:
$5,575 for 6s
opinion will be furnished to the J. N. Wright & Co., Denver
by Ropes, Gray do Gorham, Boston, whose
First National Bank. Barnesville
5.500 for 7a
purchaser without charge.
-BOND SALE.
-On Aug. 10
TALLADEGA. Talladega County, Ala.
-Proposals
RAWLINS. Carbon County, Wyo.-BOND OFFERING.
will be received until 2 p. m.Sept. 10 by L. Jungquist, City Clerk, for $30,- the $25,000 5% 30-yr. street-impt. bonds (V. 95, p. 376) were awarded to
par and
000 5% coup. water-works-constr. bonds. Denom. $500. Date Oct. 1 S. P. McDonald of Sylacauga at and the int. Other blds were received
New First Nat. Bank of Colfm.
1912. Int. In Jan. at office of the City Treas. Due Oct. 1 1942, subject to from Steiner Bros. of Birmingham
-BONDS VOTED.
-The election held
TAMPA. Hillsboro County. Fla.
redemption beginning Oct. 1 1927. Cert. check for $2,000, payable to
Aug. 20 resulted In favor of the proposition to issue the $1,700,000 5% 50the City Clerk, required.
-Proposals will yr. bonds (V. 95, p. 192). The vote was 686 to 171. The proceeds of the
-BOND OFFERING.
REMSEN, Oneida County, N. Y.
be received until 7 p. m. Sept. 2 by R. B. Jones, Village Clerk, for $2,000 Issue will be used as follows: $551,215 71 for a sewerage system,$748,784 29
registered bonds at not exceeding 6% int. Denom. $500. Date Sept. 2 for paving and storm sewers, $300,000 city hall and building site and
1912. Int. ann. In Sept. at the First Nat. Bank of Remsen. Due $500 $100,000 for city docks and parks.
yearly Sept. 1 from 1913 to 1916 inclusive.
TERRELL.KaufmanCounty.Tex.-BONDSREGISTERED.--OnAug.22
-BOND OFFERING. 86,000 5% 10-40-yr. (opt.) street-impt. bonds were registered by the
RIDGEFIELD TOWNSHIP, Huron County, Ohio.
-Proposals will be received until 12 in. Sept. 16 by J. C. Wilhelm, Clerk State Comptroller.
-An ordinance was passed
Bd. of Twp. Trustees, for $20,000 5% coup. Ridgefield Road Dist. road-BONDS AUTHORIZED.
TOLEDO, Ohio.
impt. bonds. Auth. Secs. 7033 to 7052 incl., Gen. Code, also an election Aug. 5 providing for the issuance of $24,000 5% coup. Broadway impt.
held Feb. 10. Denom. $500. Date Sept. 1 1912. Int. M. & S. at the bonds. Denom. $1,000. Date Aug. 11912. Int. F. & A. at the NorthDue $1,000 yearly March 1 from 1914 to 1930 incl., ern Nat. Bank In Toledo. Due Aug. 1 1917.
Twp. Clerk's office.
31,000 Sept. 1 1930 and $1,000 March 1 and Sept. 1 1931. Bonds to be
TRANQUILLY SCHOOL
County, CaL-BOND
delivered and paid for within 10 days after award. An unconditional ELECTION.-An election will DISTRICT, Fresno 31) to vote on the quesbe held to-day (Aug.
cert. check on a bank other than the one making the bid, for 5% of bonds tion of issuing $6,000 bonds, it is stated.
bid for, payable to the Twp. Trustees, required. Purch. to pay accrued int.
-BOND OFFERING.
-Proposals will be reTYRONE, Blair Count!, Pa.
Bonded debt, including this issue, $33,000. Assessed val. $2,881,840.
-BONDS A UTHORIZED.-Re- ceived until 12 m. Sept. 5 by W. G. Scott, Chairman of the Finance ComRIVERSIDE. Riverside County, Cal.
mittee, it is stated, for $20,000 4% 10-20-yr (opt.) refunding bonds.
issuance of $44,000 sewer bonds has been authorized.
ports state that the
Interest semi-annual.
-Proposals will be received
-BOND OFFERING.
ROCHESTER. N. Y.
-BONDS PROPOSED.
UNION COUNTY (P. 0. Elizabeth), N. J.
-We
until 2 p. in. Sept. 10 by E. S. Osborne, City Compt.for $1,599,000 4% are advised that this county will issue $30,000 4% bridge bonds.
reg. water-works-impt. bonds, Series of 1912. Auth.'Chap. 755, Laws of
-BOND ELECTION.
Oct. 1 1912. Int. A. & O.at Union Trust
DARBY, Delaware County. Pa.
-An elecUPPER
1907. Denom. $5,000. Date
Co., N. Y. Due Oct. 11942. Cert. check for 2% of bonds bid for, payable tion will be held Sept. 14 to vote on the question of issuing $125,000 sewer
to Compt., required. Bonds to be delivered and paid for at the Union Trust and road bonds, reports state.
date, not exceeding 10 days, shall
Co., N. Y., on Oct. 1, unless a subsequent
-BOND SALE.
-The $100,VALLEY COUNTY (P.O. Glasgow), Mont.
be mutually agreed upon. Purchaser to pay accrued int. The Knicker- 000 5% 10-20-yr. (opt.) refunding bonds offered on Aug. 12 (V. 95. p. 131)
bocker Trust Co., N. Y. will supervise the engraving and certification of were awarded, it is stated, to E. H. Rollins & Sons of Denver for $101,270
the securities. Bids to lie made on forms furnished by this company.
(101.27), int. and blank bonds.
-On Aug. 27 the three issues of 8-months notes, aggregatNOTE SALE.
-BOND SALE.
-On Aug. 26 $35,500
VANDERBURG COUNTY. Ind.
ing $800,000 (V. 95, p. 500), were awarded as follows:
4;i% 10-yr. Knight Township road bonds were awarded, reports state, to
$100,000 water-works-impt. notes to Bond & Goodwin of N. V. as 4.90s.
100,000 water-works-impt. notes to Goldman, Sachs & Co. of N. Y. at the City Nat. Bank of Evansville for $35,544, making the price 100.12.
-BOND ELECTION PROPOSED.
100.005 for 4.9258.
VICTORIA. Victoria County. Tex.
200,000 sewage-disposal notes to Goldman, Sachs & Co. of N. Y. at It is reported that an election will be held in the near future to decide
100.0075 for 4.89s.
-paving and fire and police
whether or not this city shall issue $40,000 street
tation erection bonds.
100,000 local-impt. notes to Luther Robbins of Rochester as 5s.
300,000 local-impt. notes to the Irving Nat. Bank in N. Y. as 5.05s.
-BOND SALE.
WAHTOKE SCHOOL DISTRICT, Cal.
-The American
Other bids follow:
Say. Bank of Los Angeles was awarded the $5,000 6% school bonds re5 as 5.25s, for $400,000 local-impt. and cently voted (V.95, p.316) at 101.75, reports state.
Bond & Goodwin, N.
07 $200,000 sewerage notes.
Y. $600.
.
W A U SA U Marathon County, Wis.-BOND ELECTION -Local papers
( 100,000 as 4.978 for water-works notes.
bonds (V. 95, p. 438) will be submitted to the
Goldman, Suits & Co., N. Y.-$100,005 as 4.0253 for $100,000 water notes. state that the following 4
Irving Nat. Bank, N. Y.-$300,000 as 5.05s for $100,000 local-impt. and voters on Sept. 3: ruction
bonds. Date Oct. 11912. Due $2,000 April 1
$20,000 bridge-const
notes.
$200,000 sewerage
1914 and $6,000 Apr. 11915, 1916 and 1917.
Luther Robbins, Rochester-$100,000 as 5.25s for water-works notes.
25,000 public building bonds. Date Oct. 1 1912. Due 310.000 Apr, 1
II. Lee Anstcy, N. Y.-$800,057 as 58 for all issues.
1931 and 1932 and $5,000 Apr. 11933.
-BOND SALE.
-According to reports,
ROPE, Pontotoc County, Okla.
BONDS A UTHORIZED.-It is also reported that ordinances were passed
this town has sold an issue of $10,000 bonds for drilling a deep well.
by the Common Council on Aug. 22, providing for the issuance of the folRUTLAND SPECIAL SCHOOL DISTRICT (P. 0. Rutland), hteigs lowing 4 M% bonds (V. 95, p. 438):
-On Aug. 26 the $3,000 5% 43(-yr. (ay.) $40,000 water-works plant impt. bonds. Date Oct. 1 1912. Due $8,000
County. Ohlo.-BOND SALE.
Apr. 11926. $12,000 Apr. 1 1927 and 1928.
bonds (V. 95, p. 500) were awarded to the Vinton Banking Co. In Vinton
at 102.50. Other bids follow:
35,000 school refunding bonds. Date Oct. 1 1912. Dui $15,01* Apr. 1
M. S. Pond, aornersel. _33,069 30'Stacy & Braun, Toledo_ -- _33,011 00
1929 and $20,000 Apr. 11930.
564
THE CHRONICLE
15,000 sewer-construction Ponds. Date Apr. 1 1913. Due $6,000 Apr. 1
•
1918 and 1919 and $3,000 Apr. 1 1920.
Interest on all the above bonds Is payable in April and October.
- WESTBROOK. Cumberland County, Me.
-BOND OFFERING.
-Proposals will be received until Sept. 4 for $30,000 4% 1-10-yr. (ser.) paving
bonds, it is stated. Date Sept. 1 1912.
WHITE PLAINS. Westchester County, N. V.
-BOND OFFERING.
Proposals will be received until 8 p. m. Sept. 3 by G. K. Cox,V111. Clerk,
for the following 4 3i% reg. bonds:
$20,000 paving bonds. Denom. $1,000. Due $5,000 yearly on Aug. 1
from 1920 to 1923 Inc.
11,500 sewer bonds. Denom. (1) $500, (11) $1.000. Due $2,500 Aug. 1
1920 and $3,000 yearly on Aug. 1 from 1921 to 1923 Incl.
Date Aug.1 1912. Int. F. & A. at office of the City Treas. The validity
of the bonds will be approved by Hawkins,Delladeld do Longfellow of N.Y.,
whose opinion will be furnished to each successful bidder. Cert. check
an incorporated bank or trust company for 2% of bonds bid for, payabl4on
to
the Village Treasurer, required.
WHITE PLAINS (Town). Westchester County, N. Y.
-BOND SALE.
On Aug. 26 the $30,000 4 Yi% 5-19-yr. (ser.) road bonds (V. 95, p. 439)
were awarded to G. M. Hahn of New York at 100.375.
WHITMAN COUNTY SCHOOL DISTRICT NO. 169, Wash.
-BOND
SALE.
-On Aug. 24 the $8,000 1-20-yr. (opt.) bldg. bonds (V. 95, p. 376)
were awarded to the State of Wash. at par for 534s. A bid of $8,010 for
(3s was also received from S. A. Kean & Co. of Chicago.
-BONDS VOTED.
WINTER PARK, Orange County, Fla.
-At a recent
election this place voted the issuance of $12,000 water-works bonds, ac,
cording to reports.
WORCESTER. Worcester County, Mass.
-TEMPORARY LOAN.
A loan of $100,000 was negotiated with the Old Colony Trust Co. of Boston
at 4 Hi% discount.
YELLOWSTONE COUNTY SCHOOL DISTRICT NO. 2, Mont.
-BOND
SALE.
-On Aug. 26 the $67,000 10-20-yr. (opt.) coup. high-school-bldg.
bonds (V. 95, p. 317) were awarded to the Wells & Dickey Co. of Minneapolis for $68,400 (102.104) and Int. for 55. Other bids follow:
H.T. Holtz do Co., Chicago_ _$68,387 Merch. Loan & Tr. Co., Chic_ $67,507
A. J. Davis, Butte
68,345 S. A. Kean & Co., Chicago
67,469
R. M. Grant & Co., N. Y
68,192 Dexter-HortonNat.Bk.,Seat_ 67,382
Harris Tr. & Say. Bk., Chic
68,140 E. H. Rollins & Sons, Deny__ 67,300
Woodin,McNear&Moore,Chic. 68,132 State Bd. of Land Com'rs__ 67,000
Merch. Nat. Bk., Billings_
68,112
For 53s.
Municipal Bd. & Stk. Ex.,Chic67,804 A. B. Leach & Co., Chicago._ 68,365
Minn. Loan 8c Tr. Co., Minn_ 67,675 Merch. Sav.&Tr.Co.,Porti'd_ 68,359
John Nuveen & Co., Chicago_ 67,605 Wash. Trust Co., Spokane.._ 67,000
YELLOWSTONE COUNTY SCHOOL DISTRICT NO. 30, Mont.
-BOND
-The $5,000 bldg. bonds offered on Aug. 15 as 3-20-yr. (opt.) 83
SALE.
were awarded to the StateBoard of Land Commissioners at par for 5% bonds,
due In 20 yrs., opt. at any int. period upon 30 days'notice. Win. E.Sweet
& Co. of Denver bid 100.10 and int. for 6% 3-20-yr. (opt.) bonds, as advertised, and 100.50 and Int.for 6% 10-20-yr. (opt.) bonds. Denom.$250.
Date Aug. 20 1912. Int. annually.
YELLOWSTONE COUNTY SCHOOL DISTRICT NO. 31, Mont.
-BOND
-On Aug.24 this district disposed of $2,100 bonds, we are advised.
SALE.
-BOND SALE.
YONKERS, N. Y.
-On Aug. 27 the $56,000 1-14-yr.
(ser.) local-Impt. and $250,000 4-yr. (aver.) revenue 4% reg. bonds
(V.95, p. 439) were awarded to Harris, Forbes & Co. of N. Y.at 100.321.
[voL. Lxxxxv.
Canada, Its Provinces and Municipalities.
B ATTLEFO R D, Sask.-DEBENTURE SALE.
-Curran Bros. of Regina
have been awarded the $50,000 5% 20
-year debentures (V. 95, p. 377), it is
stated.
BIGGAR. Sask.-LOAN ELECTION.
-A by-law providing
of $12,000 for street Improvements will be submitted to the for a loan
voters, It Is
stated, on Sept. 6.
BRAMPTON, On
OFFERING POSTPONED.
-The
offering of the $43,000 5% 20-Installment debentures which was to
have
taken place Aug. 26 (V.95, p. 439), has been postponed until December.
BRANDON. Man.
-BOND ELECTION.
-The burgesses will vote to-day
(Aug. 31) on the issuance of $325,000 municipal improvement bonds,
according to reports.
BREDENBURY. Sask.-DEBENTURE SALE.
-On July 16
7% 1-10-year (serial) sidewalk debentures (V. 95, p. 70) were the $5,000
the Great West Life Assurance Co. at par. Date Aug. 1 1912. awarded to
Int. ann.
CALGARY. Alta.
-LOAN ELECTION PROPOSED.-AccordIng
reports, the City Council has been requested to submit to the rate-payersto
a
by-law providing for a loan of $130,030 for building a police station.
DEBENTURE SALE.
-According to the "Financial Post of Canada,"
this city has disposed of $750,000 street-railway and water-works-extension
debentures to a New York buyer through the Bank of Montreal and a
Toronto bond firm.
CARLETON COUNTY (P. 0. Ottawa), Ont.-DEBENTURE SALE.
On Aug. 20 the $20,000 5% 20-Installment debentures (V. 95, p. 440) were
awarded to the Ontario Securities Co., Ltd., of Toronto.
COBLENZ. Sask.-DEBENTURE SALE.
-Curran Bros. of Regina
were awarded, it is stated, $1,500 6% 15-year debentures of this village.
COLDWATER. Ont.-LOAN AUTHORIZED.
-Reports state that the
burgesses recently passed a by-law providing for a loan of $2,200 for building cement sidewalks.
COLLINGWOOD. Ont.-LOAN ELECTION.
-On Sept. 11 the ratepayers will vote on a by-law providing for a loan of $15,000 for building
bridges, according to reports.
CRANBROOK, B. C.
-DEBENTURE SALE.
-An issue of $100,000 5%
debentures has been awarded, It is stated, to the Imperial Bank at 90 & Int
CREELMAN SCHOOL DISTRICT NO. 998, Sask.-DEBENTURE
SALE.
-Nay & James of Regina have purchased an issue of $8,500 8%
-year debentures, according to reports.
20
ELFROS, Sask.-DEBENTURE SALE.
-The $2,500 6% 15-year debentures (V. 95, p. 317) were awarded, it is stated, to Nay & James of
Regina.
EsTE
VAN SCHOOL DISTRICT NO. 257 (P. 0. Estevan), Sask.DEBENTURE SALE.
-On Aug. 10 the $16,000 5% 30-installment debentures (V. 95, p. 317) were awarded to Curran Bros. of Regina for $15,350
(95.93) and Interest. Other bids follow:
C. H. Burgess & Co., Tor__$14,984 1 Wood, Gundy & Co., Tor_ _ _ _$14,728
Alberta School Supp. Co.,Ed. 14,8801W. A. Mackenzie & Co., Tor_ 14,371
FOREST, Ont.-LOAN ELECTION PROPOSED.
-A by-law providing
for a loan of $30,000 to install a water-works-system will shortly be submitted to the rate-payers, according to reports.
FRANCIS RURAL MUNICIPALITY, Sask.-DEBENTURE
Reports state that $12,000 5% 20-year debentures were awarded SALE.
to Curran
Bros. of Regina.
NEW LOANS.
NEW LOANS.
NEW LOANS
$60,000
CITY OF BEND, OREGON,
$175,000
CITY OF MINNEAPOLIS
$130,000
HACKENSACK IMPROVEMENT COMMISSION
SEWER BONDS
BONDS
FUNDING BONDS
Notice is hereby given that sealed proposals
will be received at the office of the City Recorder,
Bend, Oregon, up to six (6) o'clock P. M. on
TUESDAY THE 24TH DAY OF SEPTEMBER.
1918, for the purchase of Municipal Bonds of
the City of Bend, Oregon. Said bonds are In.
the sum of $60,000 par value, issued in denominations of $1,000, and issued for the purpose of
.constructing a sewer system and authorized by
vote at a special eleotion held In the City of Bend
on the 20th day of July, 1912. Said bonds are
dated September 1st, 1912, and bear interest
at a rate not exceeding six (6) per cent per
annum interest, payable semi-annually. Said
bonds mature September 1st, 1932. Interest and
principal payable at Bend, Oregon, or the Oregon
Fiscal Agency in New York City. Said bonds
are issued and to be sold in accordance with the
provisions of the Charter of the City of Bend.
Proposals for said bonds shall state the rate of
.interest on which the proposal is based.
Each proposal must be accompanied by a
certified check In the sum of One Thousand
($1,000) Dollars, made payable to the City Treasurer of the City of Bend, as a guaranty of the
good faith of the bidder.
The City reserves the right to reject any or
all bids.
By order of the Common Council of the City of
Bend, Oregon, dated July 20th, 1912, First
publication July 24th, 1912.
G. P. PUTNAM, Mayor.
H. C. ELLIS, Recorder.
Sealed bids will be received by the Committee
on Ways and Means of the City Council of Minneapolis, Minnesota, at the office of the undersigned,
THURSDAY. SEPTEMBER 5TH. 1912. at
2 o'clock p. m., for tne whole or any part of
$25,000 00 Fire Department bonds dated July 1st,
1912, payable July 1st, 1932, and $150,000 00
Park bonds dated August 1st, 1912, payable
August 1st, 1942, bearing interest at the rate of
Four (4%) Per Cent per annum, payable semiannually, and no bid or proposal will be entertained for a sum less than 95% of the par value
of said bonds and accrued interest on same to date
of delivery.
The above bonds are tax-exempt in the State
of Minnesota.
The right to reject any or all bids is hereby
reserved.
A certified check for Two (2%) Per Cent of the
par value of the bonds bid for, made to C. A.
13loomquist, City Treasurer, must accompany
each bid.
Circular containing full particulars will be
mailed upon application.
By order of the Committee on Ways and Means
at a meeting held August 8th, 1912.
DAN C. BROWN,
City Comptroller
HODENPYL, HARDY & CO.
80 STATE STREET, BOSTON
Notice Is hereby given that the Hackensack
Improvement Commission will receive sealed
proposals at the office of the said Commission,
303 Main Street, Hackensack, New Jersey, on
MONDAY, THE NINTH DAY OF SEPTEMBER.
at 8:30 o'clock P.M. for an Issue of Coupon bonds,
with the privilege of registration as to principal
only, or of conversion into bonds registered as
to both principal and interest in the sum of One
Hundred and Fifty Thousand Dollars, to be
Issued under an Act entitled "An Act authorizing
the incorporated cities, towns, townships,
boroughs and municipalities governed by improvement Commissions in this State, to fund their
floating indebtedness and their matured and
maturing bonds," approved March 27th, 1912, and
an ordinance of the Hackensack Improvement
Commission entitled, "An ordinance authorizing
the issuance of bonds of the Hackensack Improvement Commission in the aggregate sum of One
Hundred and Fifty Thousand Dollars ($150,000),
for the purpose of paying a portion of its floating
indebtedness and establishing a sinking fund for
the redemption thereof at maturity, and providing
for the payment of the interest thereon," adopted
August 12th, 1912, and duly approved by the
President.
Said bonds to bear date August 1st, 1912, and
to be of the denomination of One Thousand
Dollars ($1,000) each and to bear Interest at the
rate of four and one-half per centum per annum,
payable semi-annunally on the first days of
February and August In each year, the principal
to be payable on the first day of August, 1942.
Said bonds will be payable, both principal and
Interest, at The Hackensack Trust Company,
Hackensack, N. J., in gold coin.
Said bonds will be approved as to legality, by
Messrs. Hawkins, Delafield & Longfellow, Attorneys of New York City, whose opinion will be
furnished to the successful bidder.
CHARLES W. BELL,
President.
A. W. GEDNEY,
Clerk.
BLODGET & CO.
BONDS
14 Wall St., New York
80 PINE STREET, NEW YORK
STATE, CITY & RAILROAD BONDS
Railroad, Street Ry., Gas & Elec. Light
SECURITIES
F. WM. KRAFT
LAWYER.
Specializing in Examination of
Municipal and Corporation Bonds
1037-9 FIRST NATIONAL, BANK BLDG..
CHICAGO, ILL.
B. W. Strassburger
SOUTHERN INVESTMENT SECURMES
MONTGO 1/EICY. ALA.
$50,000
CITY OF DOUGLAS, GEORGIA,
30-Year 5% Bonds
104.75 and Interest. Yielding 4.70%.
STACY it, BRAUN
Toledo, 0,
Cincinnati, 0,
Bolger, Mosser & Willaman
MUNICIPAL BONDS
Legal for Savings Banks,
Postal Savings and Trust Funds.
SEND FOR LIST.
29 South La Salle St.,
CHICAGO
MUNICIPAL AND RAILROAD
BONDS
Charles M. Smith & Co
LIST ON APPLICATION
CORPORATION AND
MUNICIPAL BONDS
SEASONGOOD & MAYER
Ingalls Building
CINCINNATI
FIRST NATIONAL BANK BUILDING
CHICAGO
HALTON COUNTY (P. 0. MILTON), Ont.-DEBENTURE SALE.
The Ontario Securities Co., Ltd. of Toronto was awarded, according to
reports, $180,000 4% 20-installment debentures.
-It is stated that $4,000
HAWARDEN. Sask.-DEBENTURE SALE.
7% 10-year debentures of this village were awarded to Curran Bros of
Regina.
-Reports state
-LOAN ELECTION PROPOSED.
KAMLOOPS, B. C.
the
that the burgesses will vote in the near future upon the raising of and
loans: $250,000 for water-works, $60,000 for electric-light
following
$90,000 for water-system.
-Reports state that
KERROBERT. Sask.-DEBENTURFS VOTED.
the election held Aug. 16 resulted in favor of the proposition to issue
fire-hail. $65,000 water-system and $5,000 funding debentures
$12,000
(V. 95, p. 377).
-year
-An Issue of $1,000 6% 15
LEROSS, Sask.-DEBENTURE SALE.
debentures was purchased, it Is stated, by Nay & James of Regina.
will be
-An election
LOUTH TOWNSHIP, Ont.-LOAN ELECTION.
held Sept. 9, it is reported, to vote on the question of raising a loan of
$2,000 for building a bridge.
-Nay & James of Regina
MAIDSTONE. Sask.-DEBENTURE SALE.
have purchased $1,000 6% 15-year debentures, according to reports.
-DEBENMELITA SCHOOL DISTRICT ON. 440 (P. 0. Melita), Man.
TURE OFFERING.-Probosals will be received until Sept. 10 by R. Love,
-year debentures voted Aug. 1 (V. 95,
5% 20
Seo.-Treas., for the $6,000
p. 502).
-Curran Bros. of Regina
MORTLACH, Sask.-DEBENTURE SALE.
-year debentures of this village.
have been awarded $3,000 6% 15
-A vote will be taken
NIAGARA FALLS, Ont.-LOAN ELECTION.
for
on Sept. 10, reports state, on a by-law providing for a loan of $7,500
water-works.
-DEBENTURE OFFERING.
COUNTY. N. B.
NORTHUMBERLAND
Proposals will be received until Sept. 9 by E. P. Williston, Sec.-Treas.
(P. 0. Newcastle) for $35,000 5% 20-year debentures.
-The $12,000 40-yr., $727,500 30-yr.
OTTAWA, Ont.-BOND SALE.
and $292,429 99 20-yr. 4% debentures (V. 95, p. 71) were awarded on Aug.
29, it Is stated, to the Bank of Ottawa at 94.
-The election held Aug. 22 resulPEMBROKE. Ont.-LOAN VOTED.
ted, it is stated, In favor of the by-law providing for the loan of $25,000 as a
the Canadian Northern Ry. (V. 95, p. 378).
bonus to
-The
PETERBOROUGH. Ont.-LOAN ELECTION POSTPONED.
election which was to have been held Sept. 5 to vote on a by-law providing
for a loan of $2,346 as a bonus to the Canadian McIntyre Automobile Co.,
Ltd. (V. 95, p. 503) has been postponed, It Is stated, until Sept. 11.
-A by-law providing for a loan of
RAYMORE, Sask.-LOAN VOTED.
$5,500 to purchase a fire-engine and build a fire-hall and town-hall carried,
it is stated, at a recent election.
-DEBENTURE OFFEPING.-Proposals will be reRED DEER. Alta.
ceived until 12 m. Sept. 16 by A. T. Stephenson, Commissioner, for the
$67,500 5% debentures, payable in 20 annual instalments of principal and
interest (V. 95, p. 378).
-A favorable vote was cast reRICHMOND, Que.-LOAN VOTED.
ently, it is reported, on a by-law providing for a loan of $19,000 for the
payment of the town's liabilities and the extension of sewers and sidewlaks.
NEW LOANS
$60,000
University City, St. Louis Co., Mo.,
SCHOOL DISTRICT BONDS.
Public notice is hereby given that I, the undersigned, President of the Board of Education of
University City, St. Louis County, Missouri, in
pursuance of the order of the said Board of Education entered of record on the 8th day of August,
1912, will, at the office of the said Board of Education in the City Hall of University City. Missouri, until the hour of 8 o'clock P. M. on the
5TH DAY OF SEPTEMBER, 1912,
receive sealed proposals for the entire issue of
$60,000 00 of Bonds of the said School District
of University City, issued for the purpose of purchasing a school site, erecting a school house and
furnishing the same, and will at said time and
place open said sealed proposals In the presence
of the said Board of Education. The said Bonds
are described as follows: Sixty Bonds of the denomination of $1,000 00 each, dated July 1, 1912,
due,twenty years after date, redeemable ten years
after;date and bearing interest at the rate of
434 per cent per annum, payable semi-annually.
r Each bid must be accompanied by certified
check for $1,000 00, payable to the order of the
Treasurer of the said Board of Education, as a
guaranty that the bidder will consummate his
purchase, should his bid be accepted. All bids
are subject to acceptance or rejection by the said
Board of Education.
Legality approved by Benjamin H. Charles,
Esq., late Associate City Counselor of St. Louis.
Dated University City. Missouri, this 8th day
of August, 1912.
LUTHER T. WARD, President,
BOARD OF EDUCATION OF
UNIVERSITY CITY.
BOND CALL.
PARIS,
565
THE CHRONICLE
AUG, 31 1912.]
TEXAS
BOND CALL.
-DEST. CLEMENTS (Rural Municipality of) (P. 0. Selkirk), Man.
-The $12,000 4% 30-yr. road debentures received
BENTURES VOTED.
a favorable vote at the election held July 29 (V. 95, p. 255). We are advised that these debentures will not be placed on the market until the early
part of next year.
-It is reported that the elecST. THOMAS, Ont.-LOAN ELECTION.
tion at which the rate-payers will vote on the following loans will be held
Sept. 16 (V. 95, p. 503): $15,000 as a bonus to the Erie Iron Works,
$35,000 as a bonus t the St. Thomas Biscuit Co., $2,500 by way of a free
site to the Gallion Metallic Steel Grave Vault Co. and $12,000 as a bonus
to E. E. Donovan of London.
-Reports state that the
SEMANS, Sask.-DEBENTURE OFFERING.
-1m%. debentuers (V. 95
$3,000 10% 15
-year fire-protection and street
p. 503) will be offered Sept. 10.
-On Aug. 22 the $10,800
-DEBENTURE SALE.
STETTLER. Alta.
water-works and $4,000 electric-light 534% debentures (V. 95, p. 194)
were awarded to the Dominion Securities Corp., Ltd., of Toronto, for $14,381 (97.16) and int. Other bids follow:
H. O'Hara & Co., Toronto__ _ $14,210 W. A. Mackenzie & Co., Tor_$13,817
Wood, Gundy & Co.,
-Tor_ _ 14,078 C. H. Burgess & Co., Toronto 13,741
• • • • - • • • t,•J
• •
•
Ont.lSec. Co., Ltd., Toronto_ 14,017
STONEHENGE (RURAL MUNICIPALITY), Sask.-DEBENTURE
SALE.
-Reports state that $12,000 534% 20-year debentures have been
awarded to Nay & James of Regina.
-By a vote of 22 to 1
-DEBENTURES VOTED.
SWAN RIVER, Man.
the question of issuing the $4,000 bridge-constr.(town's portion) debentures
carried at the election held Aug. 23 (V. 95, p. 378).
t A
-Proposals will be received
ta.-DEBENTURE OFFERING.
-year debs.
at once by G. C. Millar, Sec.-Treas., for $28,000 5% 10 and 20
-A by-law wa
TORONTO. Ont.-DEBENTURES AUTHORIZED.
passed July 22 providing for the issuance of $242,105 water-main debentures.
-According to reports,
-DEBENTURE SALE.
VANCOUVER, B. C.
this city has accepted an offer of 93 net from their fiscal agents, Brown,
Shipley & Co. of London for $1,390,000 debentures.
VICTORIA PLAINS SCHOOL DISTRICT NO. 67, Sask.-DEBENTURE SALE.
-An issue of $3,000 6% 15-year debentures was awarded,
it is stated, to Nay & James of Regina.
-This village, it is stated,
-DEBENTURE SALE.
VISCOUNT, 5,1C.
-year debentures.
has sold to Curran Bros. of Regina $3,500 6% 15
-A by-law proWATERLOO, Ont.-LOAN ELECTION PROPOSED.
viding for a loan of $25,000 for improving roads will shortly be submitted.
It is stated, to the rate-payers.
-An electon will be held
-LOAN ELECTION.
WINNIPEG, Man.
Sept. 13, It Is stated, to submit to the voters by-laws providing for the
following loans: $1,800,000 for water-system from Poplar Springs, $500,000
for new exhibition site, Hildonan, $750,000 for additions to electrical distribution system and $50,000 for public bath-house and gymnasulm in
Recreation Park.
-It is reported
YORKTON, Sask.-LOAN ELECTION PROPOSED.
that by-laws providing for the following loans will probably be submitted
to a vote in the near future: $10,000 to meet current expenses, $9,000 to
meet overdraft on the $12,000 expendture on walks, $13,500 overdraft on
$18,000 expenditure for sewers, and $18,000 for street improvement.
ACCOUNTANTS.
NEW LOANS.
$20,000
LYBRAND,
ROSS BROS &
Villaae of Seneca Falls,
MONTGOMERY
STREET-PAVING BONDS.
Ciortifled Public Accountants
Sealed proposals will be received by John M.
(Pennsylvania)
Guion, Clerk of the Village of Seneca Falls, N. Y,
at his office in said Village, until the FOURTH NEW YORK,55 Liberty St.
DAY OF SEPTEMBER, 1912, at Seven O'Clock
PHILADELPHIA, Morris Bldg.
in the afternoon, for the purchase of street-paving
PITTSBURGH, Union Bank Bldg.
bonds as follows:
Bonds to the amount of Twenty Thousand
CHICAGO, First Nat. Bank Bldg.
Dollars ($20,000), of the denomination of Five
SAN FRANCISCO, Kohl Bldg.
Hundred Dollars ($500) each, to mature in equal
• SEATTLE. Central Bldg.
annual installments on the First day of February
LONDON. 53 Coleman St
In each year, from 1927 to 1930, both inclusive;
interest payable semi-annually on the first day
February in each year.
of August and
The bonds will be awarded to the bidder who
will take the same at not less than par and
accrued interest to the date of delivery at the
lowest rate of interest, not to exceed five per cent.
CERTIFIED PUBLIC ACCOUNTANTS
The bonds will be certified by the Columbia
Trust Company of New York City.
New York, Chicago, Cincinnati and
The Board of Trustees reserves the right to
reject any and all bids.
London, England.
Dated, Seneca Falls, N. Y., August 14, 1912.
By order of the Board of Trustees,
FINANCIAL INSTITUAUDITORS FOR
JOHN M. GUION,
TIONS. INDUSTRIAL AND
Village Clerk.
MINING COMPANIES
JAMES PARK & CO.
Investigations, Financial Statements,
Periodical Audits and A000unting
NATIONAL LIGHT,
HEAT & POWER COMPANY
GUARANTEED
BONDS
MI issues
A. H. Bickmore & Co.,
MUNICIPAL
407
RAILROAD
CORPORATION
OT
e rrf
BONDS
u-yo
Selected for Conservative Investors.
Lists Mailed Upon Application
BANKERS
30 Plne Street,
New York
Lawrence Barnum & Co.
BANKERS
The city of Paris, Texas, hereby exercises its
option to call in for cancellation Water Works
Bonds, Second Series. These bonds bear interest at 6% per annum, payable semi-annually
on the 10th day of January and July, are dated
October 15, 1887, optional October 15, 1912.
at the Fourth National Bank, New York City.
Holders of said bonds will present them as above
mentioned at Fourth National Bank for payment.
The numbers of said bonds begin with 61 and
• • PI
run to and include 83.
ED. H. McCUISTION, Mayor.
ESTABLISHED 1885.
17-29
T. W.STEPHENS&CO. PhiladelphiaPINE STREET. NEW YORKBoeto
Washington
BANKERS
I WALL STREET, NEW YORK.
Bankers and Brokers
INVESTMENT BONDS
H. C. SPEER & SONS CO.
First Nat. Bank Bldg., Chicago
SCHOOL,
COUNTY AND MUNICIPAL BONDS
Schmidt 84, Gallatin
111 BROADWAY, NEW YORK
JOHN H. WATKINS
Interest allowed on accounts of
Individuals and Corporations
RAILROAD BONDS
NO. 2 WALL StrIEET
566
THE CHRONICLE
[VoL. wocxxv.
grnst gampautts.
gnoincevs.
0111100 SIMS Trust Gomparig 01 tint Yin
ESTABLISHED 1894
fort, i,$acon t Vavio
Chartered 1853
45 and 47 WALL STREET
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
-
-
-
-
-
.
-
-
This Company riots as Executor, Administrator, Guardian, Trustee, Court Depositary
and In
other recognized trust capacities.
It allows interest at current rates on deposits.
It holds, manages and invests money, securities and other property,
real or personal, for estates,
oorporatlons and Individuals.
EDWARD W. SHELDON, President.
WILLIAM M. KINGSLEY, V.-Pres, WILFRED J. WORCESTER, Secretary
WLLLIAMSON PELL, Asst. Secy.
CHARLES A.EDWARDS, 2d Asst. Secy.
William Rockefeller,
Alexander E. Orr.
William H. Macy Jr.,
William D. Sloane,
Gustav H. Schwab.
Frank Lyman,
TRUSTEES.
JOHN A. STEWART. Chairman of the Board.
James Stillman,
Payne Whitney,
John Clatlin,
Edward W. Sheldon,
John J. Phelps,
Chauncey Keep,
Lewis Cass Ledyard.
George L. Rives,
Lyman J. Gage,
Arthur C. James,
tenpineera
$2,000,000.00
13,910,317.80
William M. Kingsley,
William Stewart Tod.
Ogden Mills,
Egerton L. Winthrop.
Cornelius N. Bliss Jr.
Railway, Lighting, Power,
Water, Gas, Irrigation
Construction Operation
Reports
115 BROADWAY, NEW YORK
NEW ORLEANS
SAN FRANCISCO
J. G. WHITE &CO.,In c.
Engineers, Contractors
Largest Institution of its kind in New Jersey
FIDELITY TRUST COMPANY
Prudential Bldg., NEWARK, N. J.
Electric Railways, Electric Light and
Power Plants, Gas Plants, Financed,
Designed and Built.
43 Exchange Place, - NEW YORK
Resources Over $29,000,000
Capital, Surplus and Undivided Profits, Over $9,500,000
Title, Banking, Savings, Bond, Mortgage,
Trust and Safe Deposit Departments.
Correspondence Invited
411•11•1•EN,
CHARTERED 1864
UNION TRUST COMPANY OF NEW YORK
MAIN OFFICE. 80 BROADWAY
Fifth Avenue Branch,
Plaza Branch,
425 Fifth Avenue. corner 38th St.
786 Fifth Avenue. corner 60th St.
Modern Safe Deposit Vaults at both Branches.
Capital $1,000,000
Investigations and Reports on Electric
Railway, (ias, Electric Light and Power
Properties. Sec., for Financial Institutions and Investors.
Surplus (earned) $7,900,000
ALLOWS INTEREST ON:DEPOSITS
Acts as Executor, Guardian, Trustee, Administrator and in all Fiduciary
Capacities on behalf of Individuals, Institutions or Corporations.
Chicago
San Francisco
London Correspondents:
.7. G. WHITE
CO., Limited,
9 Cloak Lane. Cannon St.. E. C.
BARSTOW a Co.
w.s. Incorporated
CONSULTING and
CONSTRUCTION ENGINEERS
PUBLIC SERVICE PROPERTIES
FINANCED and MANAGED
50 Pine Street
New York
C. G. YOUNG
and Construction
Plans, Methods, Operation
Public Utilities and Industrials
Engineering
14
WALL ST.,
NEW YORK
Reports for Financing
Alex. C. Humphreys
Alten S. Miller
HUMPHREYS& MILLER,Inc.
ENGINEERS
Power—Light—Gas
Mellon National Bank
165 BROADWAY,
-
NEW YORK
Established 1889.
PITTSBURGH, PA.
8..26
A. L. REGISTER & CO.
Assurance of safety, perfect service and 3%
interest on reserve accounts are offered to correspondents of this bank. Your account is invited.
pAtning agnotimers.
RESOURCES OVER 50 MILLIONS
L F. DOMMERICH & CO.
NEW YORK
Ceneral Offices, 57 Creene Street
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
DISCOUNT AND GUARANTEE SALES FOR MANUFACTURERS,
AGENTS AND OTHERS
CARRY NO GOODS FOR OWN ACCOUNT
Established over 60 Years
ENGINEERS—CONTRACTORS
Philadelphia
MINES MANAGEMENT CO.
CONSULTING MINING ENGINEERS
Managers of Mining Properties
NEW YORK.
60 BROADWAY, - 28 and 29 St. Swithins Lane,
LONDON. E 0., ENGLAND.
Avenida 18 De Septiembre, Num. 48.
MEXICO. D. F.. MEXICO.
H. M. CHANCE & CO.
Mining Engineers and Geologists
COAL AND MINERAL PROPERTIES
Examined, Developed, Managed
Drexel Bldg..
PHILADELPHIA. PA.
GEO. B. EDWARDS
Tribune Building, NEW YORK. N. Y.
Tel. 4218 Beekman.
Good References
Negotiations,Investigations,Settlementa
Purchases of Property, Information
In New York City or anywhere.
@FedFRASER