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'

Financial
|

Dmmenrial|
Entered according to Act of Concrre9s,

In the

year 1005. by Wrt,LiA\r

B.

D vva CoMPAVr,

the otlioe of Librarian of ConeTftas, Washington, D.

In

SATURDAY. AUGUST 5 1905.
NO.
CLEARINGS— WEEK ENDING JULY
CLEARINGS—EOR JULY 1905 AND 190-1.

VOL.

AM)

1906

1004.

1005.

ii.

/

I

York

6.839.032, 552

Philadelphia..
Pittsburgh
Baltimore.
Buflolo

D4S.44U.0UI
21 1.230.5118,728

,

88,638,342

Washington
Albanv

19,824.7

19,811.516
14,714 314

Kochester
Scranton
Syracuse

8.38
6,7
5.252.08'

Wilmington
Beading
Wilkes Uarre...
Wheelli g
Blngimniton
Greensburg
Chester
Erie
Franklin
Frederick
Total Middle.
Boston
Providence
Harttord

New Haven

Sprlngiield

6,005.7 1;-

8.61

1.910.333
1,9
2,.

Jl 8,607

80.278.800
14.lU.73lj
10.4. .4 +-7
7,809,5%

03.981
18.628

2.093.2*

Lowell

8,027,181

Bedford...

8,293,465

Holyoke

l.!*'.',44-

4.500.54--

Grand Rapids..
Dayton
Evans ville
Akron

8.948.50*
7.177.6;i
7,381.046
2.352.100
3,346.330
8,764,821
8.075.6»o
2,471,460
1,739.140

Spring-Held. Ul..

Youngstown..

..

Kalamazoo
Lexington
Canton
Bocktord

2.210.07'

Ohio
Bioomlngton
QulncT
Decatur
Bpringlleld.

1.652,808
1,568.531
1,412.544
1.266.511
1.469.790
1.101.238

Mansfield
Jacksonville. 111.
Jackson. Mich...

970,70*
472.039

Ann Arbor

86.570,487
20,115.328 +13 2
13.200.600 4-13*8

13.443,827
11,047,926
15,037,472
6,486,667
5,150,023

1

m

31.473416

1,737.3i.j

+ 145

13,835,007

fl-6

6.770,05.
4,00.' 441

—4-3
+4-0

+ 51-5

+2>

60,601.360,241 40.043,728,050

547,646,32
20.555,700
13.192.341
9.980.702
6,546,509

+ 17-0

4,417,046.122 3.771.199,003 4-17-1
213.153,600
201.622,400 +6-0
97,493,492
82,550.92-, +18-1
00,0 17,630
68,658,541 +12-C
12-11
51,487,531:
45.913,600
45,491,505
..4 080,257 4-30-1J
10-1
48,544.341
41,084,710
13"6
21,087,280
24.400,619
13,751,802
13,486,847
-hl-9
10,584,200
16-3
14,265,140
14,208.155
14,0.10.598 +1-7

MIT

Cleveland

+9-5

+152
-t-10-i

4-10-4

4-20-6

+21-4
+4-1

+06
-32

+311
+15*
-I-34-4

+4

—

112
2.762.073
2,203,685 -211
1,941.747 -t-13-e
1,890,676 -l*t
1,376,224 +136
1,081,969 - -30-2
1,104.220 --I49
783.310 --90 1
834.40S +32'U
908.953 +7-5
883.619 +22-1:

Detroit

+

+

+

+
+

«»£!!::::::

—

-

+0S

1

Louis
urleans....

New

76.101
7

i.

a

LoulsvlUe

19,168

Houston

22.1

'lalveston

4-64*6

14.64

19.852.732

S.vannah
emphls

18347.000

Atlan'a.
NashTii'e...

II. -6-. 015
13,827

12.54

10.*

Norfolk
Fort Worth

Birmingham
Knoxrtlie.

10.2i

"'

T20-1

5,07
..

"

'.21

5.1

4,11
J.i7l..;*l

1.514.**.'

l.'V

....

Jacksonville. Fla

Total 8outh..
Total all.

S4.762
••

*to

—1-4

4-7V9
+51:,
+3.9

+ 189
45,

11.247

29.2
34.4

18-2

*t

14.

— .r*

88.99

.

11,0
84 571 81-

+414

+2T1

343. viol

271914

29u,88t
295 O0O
261,220
230,047
175,000

209,332
260.000
174,013

Seattle
Salt Lake City

Portland.

91,041

78 562

256,510,428
33,500.571

'lacoma..

Helena
Cargo
Sioux Falls

Minneapolis

Omaha

St. Paul
St. Joseph..

Denver
Des Moines
Sioux City
Wichita.

Colorado Springs
Oedar Haplds

Kremont
Total other West'rn
-t. I...IIIS

New "rleans

3.022,6'..:

'oil

-

—6-0

+ 13-2
+26-0
+ 195

-1. 562,1

t-14-7

+422
+7-0
+5-0
—32-0
—30-7
+7-3

—

28'8
-20 5
--41-3
-

--135
5

--33 2
--11-7

+17-1

&05112
520,012
384 090
331.427
364,211
220.196
304.2: *
827.222
170,878
193.609
183.209
67,663

in to tal.
in to tal.

i

+150
--21-t

233,172.687
29.814 180
5.213.960
4.510.293
2,788.070

22tf.960.130

+4-0

441.52-1

+340

315.505
221 830

25.616.502
3.804.275
3.442.007
8,574,905
2,819.615
1.412.160
1.271.463
559.700
852,616
226,539

--08 2
--93 5
-00 5

-

--42

2,668.961
2,050.770
1.604.828

--36*
--75'5

+35

5

49,060 500

42,770,062
18,167,788
11,414 789

3,930,5'.3

+40-0

+50

21,258,572
10.931.104
7,010,601
5,882,901
4,100.550
4,221.019
1,505,754

—58-7

875,171
1,152.721

1,614.513
642.5 12
900.957
673.140
991,711
426,50b

678,207
1,047,18
445,22513.81250 5308,401

332

1-i

+02*

+ 11--

+ /,-:-

764.405
470.668
000,000

139,051

120.112

+24-1
+20-.

58,780,71:
43.391,04

56,780.017
41,303.250

+59
+0

10,575,5-..-

0,87". 171
9 508 183

41,051.72*
10,088 001
6,836, 16t
4 801,787

k

00
1,828,60

2.3*7. .101
II 14,868
1,18

1

1,700,001

1

90

7

0,507,71.

,

5.777,03

0, is

2.726. 5oi
4.288.18;
8.131,87

f-87-1

4-311

2.0.'.

3,575.913
..615

'

518

2.2'

K

:

-11

1,88

1,711

1.7

1.306

1,868 53

1

'.".1

It'll

'

1,1

871
.757

--70.

698,16

--I.V

7

Charleston

1

a).

+ 52-:,

2.561,117

i

31

+ 10 7

3.6'..- OOI

1

600.00'

+54-.-

50.454.91'

:.,

6.392.642
4.015.813
3,806,361
1.788.765
1,151,883
1,171,273

.681

1 ill 10

.

5.924409

666,77

i

Not Include

•:

1,841

+0 6
+5-1
+3

.

4):

lllO

Aomista
Little Hock

1

-r-38

+00--

70.060,525
52,541,4010,00 -i,ii.
10,239 834

1.2

—

134,351

4.21 1". 51.

806.24
B.71
16

,91

801

81

1

- -22-7
-

1,010

-20-.

11

5-1

1,

.

..

1,0

.:..!

661

,

..InniOus, (Ja.

964
Total Southern
117,570.701
Total all
82276,11 7.250
Outside New Vi.rk.. 67.
H 514
:.'...

32*.
••,.....

305

,

1

16-

846
38-1

1

in

f

lal.

85.4*

.

1.775.5
.

7

15.201 7*4

Table (Irarlui* br Telegra»k and Canadian lr.nin«»
,>Hgri 33U
Condition ot National llanki May '29, 1903. on I'm e .VV2.
I

1,737.414
1,568.859
1,001,514
655. ..00
558.55*
556,234
669,998
401.595
408.932
423 105
327,74s
304,8*2
803,270
272.808
210.230
209.980
173.157
70,386

—3-*
-16-6

133.207.201
152,985.008
18,252,550
15.101.042
10,087,402
6,147,563
5,370.179
3,014,200
8,177.557
2,404.002
1,701,706
1,416.144
857.503
560,000
651.393
500 831

4-22-1
4-14-4

2.5

Ille

2,401439

+ 28-.
—40 4

872,488
349.991

18,610.247
13,230.755
5.702,871
5.051,011
8.124.120

8 515,18.896.871
2.31 }07i

ISIrnilngham

4,015.500
3,084.420

803.1190

46.635.411

6.640,50

rth

15.22s, -.'ill
9,271,377
6.075,221
6.355.541

4-41-i

1.400,439
1,305.573
824,816

22,730.771
15,143,000
9,398,605
0,266.915
4,313.489
5.536, 1-L
1,030.088

•l.i

Memphis
A tlu ota

5,337,700
2 510.108
1,040,800
1.408,348

03,471,027

.,.:!>-:

Hlchmond.
Sovannsb

130,4*5 07i
151 370.308
21,503,850

+io-*

+01

600.683 051
117,528,644

227. -50

Mobile
;

+ 11-0

I

651.373
378.785
237 314

unooga

:l\Tl2|

5

— 12-0

5.195,67"
3.56*. 765
2,257,007
2.433.483
2,000,00.
1.750.960

8.737.311
6.932,288

i

.11

ville

5

—21

+18-2
+21-7

Macon

10,ea4,40H,az.i

15

+7-0

27,543,363

1,403,66.-.
30 7,661,

Topeka
Davenport

1

t-

— 180

221.942.008

3,454,155
2.724.297
3,083,971
083,167
504,876

Spokane

14.4'

5il.*77.*Oi

Onuide N. y

-26

+40

4*0.484
321.144

1.314.215
1 240.007
1,374.103
500.871
400,30V
300.251
589.707

--Kit

177,871
150,6*2

Not incluoe
305,428 Not include

Total Mid. Western
! rancisco

71.:

-

070,31'.'

San

+210

136, 19

144,61
86,6 10
75.412.71

1.481,032

Wayne

is-'

4.001.22J

*.*

4-7-7

—5-4
+0-1

00,114.422 +15-1
142,692.425
86,616.611

6.7n ;.6i- r

Chsrleston

Beaumont

ISO.780.16i

ou

Augu.'a
Utile Hock
Macon.
Chattanooga

0*o 1,574.710,240
514,252,461
575.3:4.750
352.372.170
888.025.172
18 ,0s4.136
170.91
145,6-2.000
119,80

1. 000. 301.

+20-

18,4(

.

57.500

Richmond

201.908,10 + 12-1
68,139,789 +50-1
46,565.708 +5-3

2 301 350
2,214.690

South Bend

+

1

Peoria

Fort

+

+

6,195,84-.

3.700,000
8.243,517
2,003 040
1,7*0,76*
2.485.203
1,220,793
634,690
523.445
441.161
011,550
6 9,711
513,000
477,101
300,469

Decatur

— 2-4

408,0111

4.060.75'.

O

+9-(

+15-0

820.05
408.101

5.780.007

Bloomington

0O3.7.-5
315. ,.00

453.301

2,107.02'
2.023.011

4. 202,000

Oumcy

558.718

058.40*

--45-1
--27-I
--15-4

India'apolis

Springfield.

13.064.557
12,038,676
12,200.582
9,983,006
8,221,712
5.743,015
16-8
6.550.591
6.345,767 +S-1
2.741,850 +23-6

818.377

+ 12-*
+ 109-1

114.682.84J
5.875,801

445 000
741.67S

17.183,2.87

+3-7
+22-1

1.133 840 335

1,181.14::

16,238,421'

4-19-8

17-4
+-30-4

120.421,199

Canton
Kockiord

—5'4

+204

111,051.380
5.153,200
2.0:o,8*0
1,743,886
1.230.00*
1,055,889
1 384,838
580,17*

144,303 412
24,122,450
12,208,020
9.001.005
5,406,143

4i2,140
3o5.*74
512 05.
284,585

1

1

—1-7

140.100.039

47*, 141
047,44'.

t

1.477.217.129
185.179.206
42.123.o70
20.4;:.' 401
22.131. '.72
6,004,381
3.155.283
3,222.40*
3.406.021
3.H01.656
2.87-1. '-'57
2.310.35;
2.5*0.009
1 425., 3
1,275 807
1,05 7.500
1,202,187
1.32O.I20
1,470,451

+314

175.800,255
21,234,0.0
13.688,060
11,155,718
7,032,516

Youngstown
Kalamazoo

t

104.0-15

Columbus.
Toledo

Grand Hapids
Dayton

1002.

1,232.400.734

2.2 lo 032
1,430 074
1,*: 1",02*
1,340,681

Milwaukee

15.23o.064
11,360,15*
12,602.44*
10.581. 131
9.204.596
9.537.241
7,052,496
6,878.540
3,387.673

tk

1,010,011,03'

131,488.388
7.028.90C
3,018 35S

Total New England
Chicago

5,088,737.774 5,060,307,102
704.022,900
708,956,900
444,752,740
306,30 1, 113
329,137,337
292,007,558
240,214.138
225.52-.603
102,321,070
179,555,340
150.770,300
187,561,200
113,926,635
91,683,000
87,782,359
76,752,230
60.841,428
56,000,005
49,422.940
50,873,290
47,672.446
39,460.653
15,428,300
17,062,700
23.604,434
21,038.467
18.53s.393
16,7 78,03t
23,782,162
21.232,686
19,948,576
20,667,568

+

.

Lowell

+12
3

..

1903.

104.338,631
45.911,39;

4-87-4
-f-31

29.

.240.005.36!-

+9-;

+38

1905

29,

1902.

408.006
453.52407.102
100.163

47 7.271
440,240
449.553
391,446

Lii.ciunati

13-3

.

spnimtield

5,004.9*9,091 1.304,637,040

-10

+201

1

4-15*1

137.263

420,915
101.005

Boston
Providence

-t-lo-o

1.1.6,307.093 1.067.O96.705 -HO'* 8,309,910,300 7,498,623.116
10-8
147,700.59V
183,352.201
1,003,611,602
850.773.51 --130
42, 76:1.584
27,095,844 +o7 o
269.058,067
195.702,604 --37 5
Seattle
27.720.111
17.834,039 +55-4
157,164 481
118,380,41" - -32-8
Bait Lake City...
17.906.779
12,862.635 +39*
105.898,917
83,708,704 --26 4
Portland
18.353,750
13.240.443 +380
123,360,910
96,774,610 --27 5
Spokane
13.065,602
9,529.819 -r-37-3
85,517,243
65,495,27* - -30-8
13.567 574
lacoma
7,652,587 +77 3
67,610,211
58,506,04* --497
Hel»n&.
3.165.964
2,932.345 +'
19,341,958
17,975,980 +7-0
19-2
Fargo
2.132.558
1.789.260
15,581,00
13,151.822
1S.5
Sioux Falls
1.1*8,429
1.050.669 +13M
7,937,079
7,422,881
+6 9
Total Pactflc...
287.5W0.U50
217.340,476 1-3 2 3 1,876.101.555 1,507,061,801 +244
Kansas City
96,908.321
69,503,800 +30M
653,306.135
585,535,255 +1T6
12-5
Minneapolis
68.63' >.**•
55.681,614
450, 697,470
15-5
398,195,216
Omaha
88.55
2-. 5 18.2
+35-1
250,402,98:
10-6
226,412,510
St. Paul
27.350.630
25,390,350 +7-7
180,637,14.170.138,037 +62
St. Joseph
18.295.192
14.736,261 +•241
136 946,985
136,626,860 +0-2
Denver
25,a«w,42*
16.940.424 1-527
183,27 0,030
] 24,004,010 +478
De« Moines
11.3OO000
8.744,70* +2W2
77,511.1(57
67,261,720 + 152
6.798.701
4,216 815 +612
49,167,249
36,506,200 4-84-8
992,492
3.699,i>7o +489
27,893,190
86,898,590 +7 7
Davenport,
3.432.547
3.651.242 -3 3
20.141,113
26.241.045
4
Wlctnta
5,09
4,078.763 -I-24-9
32.0*4,070
31.930.805
-ado Spring.0.330
2.157.0L, -f-39'5
20.370.17.
14.859.911 +87-1
Cedar Haplds....
2,0
1,792,070 +13 e
15.000,880
18.002,218 4-15-8
93 !.-<•. 1
Fremont
|454"8
6,372 031,
5.221.64 4-82-0
To. other
5.361
108,741 +260 2,119,213,4.,! 1,863.886.034
137
Bt.

Franklin Pa
Total Middle

+
+
—
+

0.918.593 +O0
2.839,702 +5-4
1.954,167 +3-7
1,739,92* +31-1
2.336.619 —14-8

Total M. West.
Ban Francisco...
Los Angeles

Kne

"5

tR3

+ 10

5.721.03; +20-3

2.93-5,074

Wliee.inu

+99

14.222.10:.

+ 23-0

704.475.097
113.647.05o
50,140,940
45,055,167
30,4-2,719
87,684,116
17,754,200
13.761,157
9.077.252
8.597,205
6,798.401
5.593,007
2.429,800
2.907,780
2.057.324

11.0-1.7-;.

32.074.04-

89,014,81 B
22, 06,',
14,904.6011

670,88:

101,865 950
68,997,813
49.32
35,102.929
30,516,460
19,6"4. 700
16.618.3

Toledo
Peoria

—1-1

+5-3

34.415.570
32,539,900

6,083,009.530

701. '.'47. 2.

Columbus

+10

991,023

Cincinnati

Indianapolis

+

4.818,031
+51
13-4
3,879,96'
2,941,043 -HT*
1,843,701 4-35't
1,784,846 +9-1
-18*6
2,415. .0
8,098,459 t-iu-i

+38-4
+31-7

1

+

—

Chicago
Detroit

169.909.950 +23-4

+

+

025.426,281

Cleveland

1,

Philadelphia

1,1.0,150.151 4-2V9
14-4
706. 100.771'
018.082.849
193.27; 105
183.414,908 + 5-4
14S.256.519
19-7
1*3,806,735
121. 097,045
107.129.2113-il
85.621.71Vi 4-88-0
110,750,011
5... 332.683
58,858,061 +0-JI
37 773.382 +14-0
43,278,597

04, 15 1,-7.

729,512,04?

Milwaukee

3 934,513,980

20.145.204 +9-;
17,686,60) r-13"0
19'4
16,176,368
1-2
14.8U4.434
7.668,322 +5-4
5.405.565 f-84-3

89,84

•

7.-25, V24.3M"

Worcester
Portland

Total N. Eng.

+84

Dec.

*
*
t.402,125,71f 1,059 864.530
121,011, 9*f
91,880.382
48.114.531
89 00.1,0*7
18. 3OO.70'
20,509,691
6.228,80!
5,697,1 .:;-8.080,405
4,800.54
4,195,351
3,052,071
811'.
8,007
2.213.473
1,50". 16
1,088,710
058.007
1,168,798
993,48"
1,186,616
1.085.492
1,125,481
.
l.o.l .o?l
845,69s
043.121
513 558
3-0.100
800,801
406,731
575,000
327.504
376,581

New York

+ 56 5

176.875.8M 4-194 1.436.014.681

0.-0. 863

Fall ttiver

New

%

53 •28.688,862 3 1,828,656,931

inc. «'

1004

1906.

Dee.

A?\D

July

tik eiutvny

it

Clearing! at

1004

1906.

lee.

+

3.2 71.20.

Mentha.

1904, 1903

—

01

+ 31-7

5,191,

ALSO SAME WEEK IN

1904.

Hcun

July
Clearings at

New

2093.

81.

ALSO SINCE JAMJARS

O

anil 5717

-

11,

1

THE CHRONICLE-

523

Great

Thursday.

everywhere expressed as
Probably they

tions.

tinued war

The

body of mankind

impulse of the great

first

A

closer

observation

that

view.

Japan has

peace.

shows the moral weakness

of

contest by

been driven into this

Peace or con-

urge the saciifice of every demand

is to

to secure

found needful

almost

is

the delibera-

result of

to the

will be prolonged.

the issue.

is

uncertainty

encroachments

the

fighting for her

life

as a

and

nation,

has

that effort

in

the $2,151,032, $1,050,549 has been

gratifying exhibit

and

cal

no small part due

in

methods pursued

efficient

We

road.

is

to the

Thia

economi-

in the operation of the

observe, for instance, that the freight

trains

earned $1 83 per mile run the last twelve months, as
against only $1 77 the previous twelve months, and that
the average train-load was raised from

224

229

to

tons.

of

She has been

Japan.

that threatened the existence of

Out of

$1,180,400.

appropriated for improvements and betterments.

Those encroachments at length reached a point

Russia.

The previous year the excess was only

for the dividend.

peace conference between Russia and Japan

next

opens

Vol. lxxxi.

$2,151,032 surplus income in excess of the requirement

THE FINANCIAL SITUATION.
The

I

In whatever direction one looks, one meets with
dences of an
trade.

and prosperous

active

evi-

of

general

Railroad earnings are one indication of

this, re-

state

and out of every position in turns of bank clearings another, while dwindling records
Manchuria
Korea which endangered of mercantile failures tell an equally eloquent story of
and
Southern
Japan's safety. Moreover, the places held by Russia at the encouraging business conditions. According to the comstart and which she has lost did not belong to her but pilations prepared by R. G. Dun & Co., the number of
driven Russia

mainly

to

the sea

oil

China and were unlawfully taken possession

of

by Russia against the united voice of all the worlds' Powers.

July 1905 was only 780, as compared with 1,107 insolvencies in July 1904 and 915

China was

in

indifferent

to

the

while

loss,

other

nations

mercantile failures

July 1903.

in

In amount of

liabilities

represented by

stood idly by, unwilling to risk the complications which

the disasters, the comparison

forcing Russia to desist in her work of occupation would

defaulted indebtedness footing up only $0,148,930 in the

seemingly

Under such circumstances

eutail.

Now

was accomplished.
dictate of

common

peace

that

the

steal

the cry, every

is

sense and justice requires such an end

to the struggle as will cover

Japan's expenses of the war

month

is

the present year, against $8,812,097 in

responding month last year and no
in the

more favorable, the

yet

same month

of 1903.

It

less

is

the

cor-

than $10,751,245

necessary to go back

recurrence of the situation she has, single handed, deliv-

1901 to find a July with fewer suspensions, while the
amount involved, it is stated, was smaller this year than
any year since the records have been compiled in this

ered herself from.

form, with the single exception of 1899.

she has been forced into, and

prevent any possible

Avill

to

Bank

A

preliminary income statement of the Southern Rail-

way Company

for

the year

ending June 30 1905 has

been issued the present week, and
tention

anew

to the prosperity

road system

the

which

Our

enjoying.

is

entirely familiar with

it

serves to direct at-

important

this

rail-

readers, of course, are

great success which has

at-

tended the operation of these lines since their reorgan-

that

they show that business

is,

—

same effect
and growing in

clearings furnish testimony to the
active

is

According to the figures compiled by us, the
aggregate of the bank exchanges at the various clearing

volume.

country was no less than 10,804

houses throughout the

million dollars in July 1905, against 8,074 million dollars in

July 1904, an expansion of over 2o per cent.

Stock speculation, at least on the

New York

Stock Ex-

ization in 1894, but with each succeeding year there are

change, was more active this year in July than last year,

manifold evidences of further progress aud development,

but that that has been by no means the only or the chief

making the record

The remark

factor in the enlarged

results for the year-

the fact that outside

still

more noteworthy.

applies with particular force
just passed.

On

to

the

top of the large gains previously made,

was a further increase

volume

of cleanugs,

is

evident from

New York the increase, while
New York included, yet reaches

of

not so large as with

sum almost 10 per cent. It may be urged that compariof $3,035,331, bringing the total up to $48,145,108— son is with diminished totals in 1904, both outside
these figures covering only the Southern Railway system of New York and for the country as a whole.
This is
itself, not any of the allied properties like the Alabama
true, but the significant fact is that the 1905 gain far exthere

in gross earnings in the

Great Southern, the Cincinnati
Pacific, the Central of

New

Orleans

Georgia Railway,

etc.

&

Texas

Of

course

the large cotton crop raised last season in the South was

a favoring influence with the road, and so was the

re-

and steel trades, though this last presumably did not become much of a feature in the traffic
of the system until the last six months of the fiscal year.
Expenses were added to in a liberal way, consuming
nearly two million dollars of the gain in gross, but this
still left an improvement in
net earnings in the sum of
$1,008,283, which was further added to iu the sum of
$217,059 by an increase in the income from investments
and other sources. As against this improvement of
vival in the iron

In other words, the 1905 totals are
much the largest ever recorded for the month of July.
Thus, outside of New York the volume of exchanges at

ceeds the 1904

compares with 3,480
millions in July 1904, 3,790 millions in 1903 and 3,577
4,025 millions

Hence

there

was again

in the

the

millions in 1902.

ing

is

comes

present year

With New York

included the showyear's gain

closely analogous.

In that case this

after a loss in both

1904 and 1903, but

both combined.

In

brief,

it

exceeds

aggregate clearings for

1905

were 10,804 millions, as against 8,074 millions, 9,708
millions and 10,171 millions, respectively, in July ot the
three years preceding.

With regard

$1,285,942 in net income, the increase in charges was
only $314,710.

loss.

amount re- ing on

to railroad earnings, to

in the transportation world

know what

is

go-

one needs only consult

maining over and above the fixed charges of almost a full the statement issued the present week for the month of
million dollars
that is, the surplus above charges in the June by that typical and representative railroad system
late year was $5,151,G32, as against $4,180,400 in 1903representative of the country's industries we mean

—

The

—

per cent dividends on the

the Pennsylvania Railroad.

$00,000,000 preferred stock was only $3,000,000, showing

burgh and Erie an increase

04.

call

for

the

five

On
is

the lines east of Pitts-

reported as compared with

—
-

THE

ATTG. 5 1905.]

the same mouth last year in the

sum

of $1,690,200 with

8775,500 on the lines directly
operated west ot Pittsburgh and Erie, making $2,465,700 together, Let the reader ponder what this means
ot

a further increase

an increase of, roughly, 2\ million dollars lor a single
mouth on one large railroad system. Nor does this
cover even the whole ol that system, for it does not include a considerable number of lines controlled by the
Pennsylvania Railroad but separately operated.
In the matter of net earnings the showing is somewhat

augmented expenses having consumed more
than the whole of the gain in gross, leaving $46,000 loss in
net on the Eastern lines and $94,100 loss on the Western

different,

That

lines.

fact,

however, signifies nothing.

indicative ot the policy pursued in the

merely

management

Pennsylvania

In the case cf the

this property.

It is

529

OiraONTCLE.

ot

Rail-

reflect,

among

note

cific

payment

other items, the

$2,762,0

lor

San Francisco

$122,000 and hence

ot

from

hither

transfer

the

IS,

of a Central Pa-

New

to

Orleans

$25,000.

oi

The market for money on call was a shade more active
early this week in consequence of operations incident to
the August settlements and also to the above-noted payment on Central Pacific account. The fractionally hig'nor
however, tended

rates then recorded,

and the market

ings,

grew

later

to

increased offer-

Money on

easier.

call,

representing bankers' balances, loaned on the Stock Ex'

change during the week at 2§ per cent and at 1$ per
cent, averaging 2J per cent; banks loaned at 2£ per cent
trust companies, for the reason as-

minimum, but

as the

On Monday

signed last week, were out of the market.

amounts are all the time being spent for im- loans were at 2^ per cent and at 1| per cent, with the
provement and betterments and charged toexpeuses; bulk of the business at 2 per cent. On Tuesday transbut when traffic and earning-? are expanding the disposi- actions were at 2% per cent and at 2 per cent, with the
tion to earry on work of this description is allowed majority at 2\ per cent. On Wednesday loans were at 2£
in a pretty per cent and at 1£ per cent, with the bulk of the business
free play, and hence expenses run up
When business reverses come then curtail- at 2 per cent. On Thursday and on Friday transrapid way.
ment is again practiced. Indeed the result the present actions were at 2 per cent and at 1% per cent,
road, large

-

year in the matter of expenses
In

last year.

June

the

11)04

just the reverse of that

is

road had suffered a

amount

re-

with

the majority

were

freely

per

cent.

Time

without

much

business,

2

at.

offered,

contracts

except

over-the-year maturities, and rates on good

mixed
were
per
for
cent
sixty and
Stock Exchange
then reduced expenses in still
2%
attention
only
for
wish
direct
to
one
cent
ninety
days,
for
four,
We
to
per
34
3
$1,851,100.
3^3^
c ®3£
Commercial paper was
other tact, namely that while this year's gain in gross for five and 3f for six months.
duction in gross receipts in

of §1,621,800, but

it

for

larger amount, namely by

amount

earnings follows a loss in gross last year, the
the present increase (for the combined

exceeds by

lines)

In the following we

$840,900 the 1904
compare the cross and net earnings
falling

off.

for the last six years

lines

Erie

the only portion of the system for which

—

operated east

good demand at

in

day

endorsed

changed at 2£ per

ol

1905.

Ptttxl

Net earntnss

1903.

1904.

June.
Gross earmnsa. 11.467,75!Oper'g expense? 7.810,960
3,656.799

1902.

1901.

1900.

9.777.559 10.S27.859
6.074.760 7,320,960

9.596,059
6,213,060

8,482,759
5,578,460

S
7,192,835
5,221.410

3.702.799

3.382,999

2.904.299

1,971,425

3.500.899

cent

for

per cent for good four to six months

The Bank of England
sixty

East

4^'o)4^ per

single names.

we have

the data for such a comparison.
Lines

per cent for sixty to ninety

receivable,

bills

4^5

and

prime

4®44c

of Pittsburgh and

on the

directly

of

collateral

to

The

cent.

ninety-day bank

The open market
Berlin and Frankfort

cent.

at

remains un-

of discount

rate

cable reports discounts of

bills

in

London lf®l£ per

rate at Paris

is

If per cent and

2£ per cent. According to
cable from London, the Bank of England

our special

it is

£1,137,255 bullion during the week and held £36; S84,155 at the close of the week.
Our correspondent
lost

Jan. I to Jttn e 30.
Gross earnlnas. 62.3S4.67f 56.695.676 60,155,276 53,419.876 48.451,476 40.821,311
Oper'g expense* 46.311.61. .41,877. 119 42,831.819 35,778.419 32,546.919 28,577.961

Net

earnings- 16,073.057114,818.55;

17,323,457 17,641,457 15.904,557 12,243.350

I

Sou.— These figures include the Burlalo & Allegheny Vailey Division for 1901,
1902, 1903, 1904 and 1905. In June 1901 the earnings of this division were, appro*, nurely, eros r SC78.724; net, $417,874. From January 1 to June 30 the earn,

was due to exports of
£80.000 (wholly to South America) and to shipments of
£1,057,000 net to the interior of Great Britain.
further advises us

that the loss

,

inrs oi this -Jlvlsion in 1901

It will

be spen

were approximately $3,620,865 gross and $1,161,707 net.

from the foregoing that

for the

six

The foreign exchange market, after a sharp fall on
Juno 30 1995 the improvement on the Eastern Saturday of last week, became dull, though with a firm
lines amcmnts to $5,039,000 in gross and to $1,254,500
undertone.
The easier rate for money, especially for the
inntt. Adding to this the increase in the same six six
months' period, is assigned as a reason for art
months of $3,281,200 in gross and $507,100 increase in absence of
offerings of
months

to

finance

net on the Western line, the total improvement

up

is

brought

$S,970,200 in gross and to $1,761,600 in net.
Last year the loss in gross for the combined system was
to

only $4,834,700, but the loss in net

was $3,894,900.

contributed to the

the

renewal of

week is said to have in part
demand for sight exchange. Bankers

which matured

those

bills;

this

report that there are indications in offerings of

against

drafts

cial

and Southern

cotton

cities

of an

commerby banks at some Western
accumulation of such

bills,

There was no change in official rates of discount by
any of the European banks this week, and compared

probably the result of the marketing for export of cotton

with

of the staple; these bills are, however, offered at figures

week the tone at London, at Berlin and at
Frankfort was steady while that at Paris was easier.
The striking features of the statement of the New York
last

Associated Banks

last

week were

the unexpected gain of

$5,942,700 in cash, the expansion
4S0,700 to within $1,141,800 of the

maximum

October 8 1904, and the increase

dep

700.

The

surplus reserve

815,305,975.

The bank

in

in

loans

sits

of

$18,-

on record

of $22,346,-

was augmented $356,025,
week should

stateme.it of this

to

which was brought out during the recent

which are regarded as too high

in

rise in the price

view of the probthe new-crop sea-

upon the opening of
son there will be such an abundance oi cotton drafts
deliverable upon contracts as to cause a decline in
ability

that

rates.

Therefore

bills

and

which
in

noted

will

it is

the

epidemic at

this

month

It

may bo

New

Orleans

will be readily obtainable.

yellow-fiver

linanco

for the

mature towards the end of

September
that

expected that cover

THE CHRONICLE.

530
does not seem to

and

have affected business at that centre,
not apprehended that the movement of cotton

it is

through that port will be materially checked.
however, the staple will doubtless

be,

volume from contiguous Gulf

ports.

Week ending Aug.
lianke Interior

Should

it

move in increased
The fact that the

outcome of the peace
negotiations which were represented to have been expressed by M. Witte in an interview on the steamer be-

by hiin,
the exchange market,

regarded as

evidence that the

until the negotiations

progress

to present

demnity,

it

ceptible

influence

not

is

some

clear

France

expected that there will be any per-

upon the exchange or
markets.
Gold received at

IS 1.164,000

20 918.01X1

Gain. U.216.000

amount

of bullion in

the

Aug. 4 1904.

SUner.

Total.

Gold.

silver.

X

X

£

X

X

36.881,155
117.455.753

36.884,155

36,033,000

'lotaL

£

34.110.493

34.110.493

44,387,021 161.812,77; 108,001.968
12.011.000 48.044,000 33.263.000
6,847,000 I15.02y.000 93.602.000

45.036.810 153,128,481
13.0J9.000 46,302,000
8.634,"00 102.236,000

Aust.-Hun.t
Spain

16.807,000

12.860.000

59,667.000

18.175.000

12.664,000

60.839,000

14,880.000

22.487.000

37,367.000

14.761,000

20,459.000

85,220,000

Italy

24,531.000

8,304,400

27,838.400

18.180,000

176.500

21,306,500

6.415.100

6,245.200

12,660.300

5.477 800

11.965.200

3.130,000

1,565.000

4.095.000

3,1)30.667

6.487 400
1,518,333

Netherl'df.
Nat. Bel*..'

to the in-

3.

4.555,000

Tot. week... 905,021,008 108,706,624 501,027.632 158 (517,628 111,015,049 169,662 677
Tot. prev .. .if IS 382.234 109.267.040 507,649.980 (64 610.010 111 135 399 175 752.339

the

either

Gain. $2,816,000
Loss. 1,600,000

Onld.

109,782,000

shall sufficiently

indications as

25.7W.000

of

Germany..*

an indemnity has not yet been considered by
;

tenders

*4,248,OO0

Aug. 3 1905.

Bank

matter of peace between Russia and Japan or the payforeign bankers

ieg:il

Holdings.

t7.oe4,ooo
24.100.000

The following table indicates
European banks.

England....
is

as above

iVet G7ianoe In

Bank

lianks.

the principal

arrival,

nied

of

Total gold aDd

and that were subsequently dehad not the least influence upon

his

ment

movement

Out of

into
Ranks.

4 1905.

Sub-Treasury operations

pessimistic views concerning the

fore

[Vol. lxxxl

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

European discount
the
Custom House during the week $97,043.
[Nominal quotations for sterling exchange are 4 85£
for sixty day and 4 87£ for sight.
Eates for actual business on Saturday of last week were, compared with
those on the previous day, 10 points lower for long and
short, at 4= 8480 @4 8490 for the former and at 4 8640®
4 8650 for the latter, while rates for cables were oft 20
points, to 4 8080©4 8070, and the
market was weak.
On Monday there was a partial recovery of 5 points in
short, to 4 8645©4 8650, and of 10 poin ts in cables to
4 8670@4 8675; long was unchanged.
On Tuesday
the latter fell 10 points, to 4 8470® 4 8480, short rose 5
points, to 4 8650®4 8655 and cables 5 points, to 4 8670
©4 8680; the tone was irregular. On Wednesday the
only change was a rise in cables of 5 points, to 4 8675®
4 8680, and the market was quite dull, so continuing on
the following day, when the only alteration in rates was
an advance of 5 points in long, to 4 8475®4 8485. The
market was quiet on Friday and 5 points higher all

reporting the total gold and silver; but
close approximation.

we beUeve

the division

we make

is

a

t The Austro-Hungarian Bank Statement is now issued in Kronen and
Heoer instead of Gulden and Kreutzer. The reduction ol the former currency
to sterling £ was by considering the Gulden to have the value of 50 cents. As
he Krone has really no greater value than 20 cents, our cable correspondent
tn London, in order to reduce Kronen to £, has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.

TEE PEACE NEGOTIATIONS.
With the arrival of M. Witte at Xew York last
Wednesday discussion of the peace conference, which
opens next week Thursday, is fairly under way.
We do
not imagine, however, that any one knows any more as
to

in

what the propositions and counter-propositions will be
this matter than was known a week ago.
Both sides

The Japanese plengive out any public inter-

are preserving a diplomatic attitude.
ipotentiaries

have refused

to

view on their plans or impressions, leaving

all

public

and non-committal secretary.
Therefore it is impossible to say, on the eve of the conaround.
The following shows daily posted rates for sterling ference, whether Japan will or will not ask for an indemnity to the full amount of her war expenses, and what
exchange by some of the leading drawers.
DAILY POSTED KATES FOR FOREIGN EXCHANGE.
cession of territory or agreement as to future occupation
will be demanded from Russia.
On the other hand, the
FBI..
MON..
TrjES.,
Wed. Thctr. Fri.,
July 28. lulu 31. Aug.
Aug. 2. Aug. 3. Aug. 4.
Eussian envoys have done their best to spread the im85*
85*
Brown
60 days 4 So*
85*
85*
85*
that they are by no means coming to accept the
pression
87*
87*
Brothers & Co. (Sight.. 4 87*
87*
87*
87*
85*
85*
Baring,
60 days 4 8514
85*
85*
85*
inevitable, and that the terms of peace must be distinctly
87*
Magoun & Co. (Sight.. 4 87*
87*
87*
87*
87*
statements

to

a

discreet

1,

5

5

Bank

60 days
Sight
Bank of
5 60 days
Montreal
(Sight..
Canadian Bank 5 60 days
of Commerce. (Siaht..
Heldelbach, Ick- 1 60 days
elheimer&Co. (Sight..
Lazard
5 60 days
Freres
(Sight..
MercDants' Bk. J 60 days
( Sivlit
of Canada.
British

j

No. America..

(

.

.

The market

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

85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
h7*

4

4

4.-7*
4 85K!
4 87*

4

4
4
1

85*
87*
85*
87*

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

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

85*

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

acceptable in order to be considered.

87j|

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

It is true that

ment

the cabled state-

that he predicted of the Japanese peace conditions

{i

that

M. Witte has denied

they will be so intolerable as not to admit of

He

cussion."

has also

officially

repudiated

dis-

another

statement attributed to him, that he was merely the
Czar, and that the settlement was abso-

courier of the

8480®4 8490 for
lutely in the hands of his Imperial master.
It would,
long, 4 8655®4 S660 for short and 4 8680®4 8690 for
exceedingly
bad taste for the enindeed, have been in
cables.
Commercial on banks, 4 8455®4 8465, and
these
have
made
statements
officially, for the
to
voy
documents for payment, 4 S3£®4 8480. Cotton for paysimple reason, as he himself points out, that he does not
ment, 4 S3£®4 83J, cotton for acceptance, 4 8455®
and cannot at this moment know what are the terms of
4 8465, and grain for payment, 4 8475®4 8480.
Nevertheless, we prethe Japanese plenipotentiaries.
The
to

closed on Friday at 4

sume

following gives the week's

and from the

interior

movements of money
by the Xew York banks.

talk,

was
Week ending Aug.

Received by

4 1905.

A'.

Gold
Total eold and legal tenders

With
follows.

the

.

I'.

Shipped bi
Banks. X. Y. Banks.

*6,175.0U0

$3,471,000

889.000

777.000

$7,064,000

$4, 248

000

Net Interior

is

Movement.

that these

purposely allowed to get abroad, and that the object
to

in

statements had their origin in unofficial

impress on the public mind the idea that Eussia

no such

straits as

circumstances.

In the

to

ensure her yielding under any

movement

to

produce such an

Gain. £2,701.000
112 000
Gain

impression the Czar himself has joined.

Gxin

last

$2,810 000

Sub-Treasury operations the result

is

week he

" Eussia

as
'

At

the end of

replied to a memorial of the Eussian clergy:

may

rely

on me.

I

shall

never conclude

a

peace shameful or unworthy of the greatness of Eussia."

ArG.
Eveu

THE CHRONICLE.

5 1905.]
statement,

this

in terms

it

be obBerted,

will

ambiguous

somewhat below what they feel
end to grant. The rest of the negoti-

discussions

liminary

what terms of peace empowered

the Czar does not state

;

is

531

in the

would be unworthy of Russia. This is quite natural, ation hangs very largely on the ability of the conferrees.
It has been our own opinion from the beginning of the
since no steps could be more indiscreet on the part of
the Russian Government and its envoys than to preclude negotiations that financial considerations will really settle the matter.
Japan has shown that sinews ol war can
itseli absolutely horn acceptance of given terms of peace
be obtained by her for continuance of the struggle, but
before it knew what these terms would be.

We

ty

same apparent uncertain- she has also allowed it to be thoroughly understood that,
means little more than haggling ou the proper terms, she is very desirous of ending the

have no doubt that

—which

reality

in

over a bargain

—

this

been convened on August

of such mat-

Memories
and most people have
10.

ters are proverbially short,

the Paris conference to

that

ten

after the conference has

will continue

the

discuss

forgot-

terms

of

peace between the United States and Spain convened on

October

and did not reach

first

December

decision until

final

its

During that

tenth.

period,

we were

with reports of hopeless disagreement not at

now

those

to

was perfectly

all

favored

dissimilar

current regarding Eussia's attitude.

known throughout

well

It

that conference

Russia's position

war.

willingness

bo sure, from

lias, to

vances

of

such that admission of her

is

end the war would be superfluous.

to

money

time

She

time obtained more ad-

to

from continental bankers, but on

lately

terms which had begun to suggest merely postponing the
day.

evil

It

is

conceivable that terms which

hardly

these bankers refused to grant

month ago would be

a

offered in case of rupture of the peace negotiations;

and

meantime the expedient of raising domestic loans
Russia

is

an admitted

We

failure.

in

should say that the

No one news of the coming conference will need to be read with
Spain had no option but to yield.
was seriously influenced by the talk of the weakness these points very carefully kept in mind, and with the
ot the American military position in Cuba, concerning further consideration that, by all precedent of war, delay
which much was heard in the despatches. The fact was of agreement until the fall of Vladivostock will properly
that

was beaten, and that she had to accept the add both to the necessity of peace for Russia and to the
It was conceivable, terms which her victorious enemy may exact from
best terms which she could procure.
even then, that negotiations might have been broken off her.
and the Americans invited to capture Cuba and the
Philippines beyond Manila for themselves.
This, we ANOTHER ANTHRACITE STRIKE
BE UNWARRANTED.
say, was conceivable, but, looked on in retrospect, it was
so obviously improbable that the prediction would have
As the time approaches when the period covered by
amounted to absurdity. Such, in our judgment, is the the award of the Anthracite Strike Commission apnature of the present case.
It is by no means beyond pointed by President Roosevelt in October 1002 (and
that Spain

WOULD

the scope of the imagination that Russia, dissatisfied by

railroad

the

of

in the imaginable case of such

demanded by

crushing terms

of

the civilized world.

that

is

March 1003)

will ter-

whether any exaction of such terms

a question which

must be judged

The

ress of the war.

consider

not

case

alone

is

is likely,

in the light of

One

not entirely simple.

the

questions

of the public, while the speeches

part

the

which Presi-

7

Japanese character and Japanese policy during the prog-

must

in

w ould dent Mitchell of the Mine Workers' Union has been
protesting to making to the miners this week have not tended to relieve apprehensions.
No mature person in this part

the Japanese as

on fighting by way

force Russia to go

to

decision

bid

any such event, except

As

its

Japan advance, if it will, up minate, there is considerable discussion of the possibility
into Russia, and on such basis may carry of another strike.
We need hardly say that the bare
We wholly doubt, however, the possibility suggestion of such a thing creates a feeling of alarm on

the terms of peace,

on the war.

may

which rendered

immediately

country at least

of the

—

—

will readily forget the experi-

ences of the latter part of 1002 and the beginning of
1003, and a

repetition

of these experiences

would

cer-

and complacency.
that the public would not

tainly not be received with equanimity

We

are

in

safe

saying, too,

involved in the pending war, but the fact that Japan in

assume the same attitude of easy tolerance towards such
war by the an event as on the former occasion. If a strike shall be
European Powers and that Russia, which had partici- hastily and heedlessly precipitated, the party responsible
pated in the movement to restrict Japan, was the very for such a result, whether operator or miner, will have
Power which itself slipped in to seize by fraud and chi- to accept full responsibility for the act, and answer for
canery what it had prevented Japan from getting as the the same at the bar of public opinion.
We risk nothing
fiuit
of an honorable peace.
The Japanese would when we assert that whichever side shall provoke such a
scarcely be human if they did not in one way or another contest is doomed to defeat in advance, for it will forfeit
demand some reparation for this act of conspicuous bad the respect and sympathy of the commuity, without
ISO j was robbed of the legitimate

faith.

made

We

think

the present

the exaction

expenses

of

of the

that

war

episode

inevitable,

an indemnity
war.

fruits

alone, which of itself

would

fairly

suffice to justify

when

which no struggle of that kind can be carried

crisis

this question

of

the

and the

to

a

sue

cesslul issue.

As

proportioned to the

Undoubtedly the

peace negotiations will occur

of

a matter

little difficult to

rious

talk

ordinary layman

of fact the

about

finds

understand why there should
a

strike

at

all.

other question of rendering Russia harmless hereafter on

Strike

terms of peace which are larger than her actual expectations.
This is the usual custom of such times.
The

for

Russian envoys naturally will pursue an exactly opposite
policy, placing their maximum of concessions in the pre-

whether the Miners' Union (The United

be

it

a

se-

The Anthracite

Commission made an elaborate investigation into
the Chinese coast come up for discussion.
We imagine the whole subject only about two and a half years agt>,
that Japan will at the start make no extreme and and laid down with great clearness certain rules and
unwarranted demand, but will, nevertheless, Bug
c inclusions which it would seem ought to be controlling
a long time to come.

wages,

of

the

America)

question

of

was entitled

It

considered the question of

hours

to

of

work, the

question

Mine Worker*

recognition, the

question

THE CHRONICLE.

532

[Vol. lxxxi.

—

whether non-union men could rightfully he excluded price of coal would mean therefore an additional burfrom the mines, and a whole lot of other grievances, real den on the consumer. There have been intimations that
and imaginary, which had heen the cause of friction and a demand might be made for an eight-hour day instead

Moreover it provided a method for settling of the existing nine-hour day. Mr. Willcox, in the arfuture differences and controversies in the establishment ticle referred to, shows that if such a demand be made
it
dispute.

of a Conciliation Board, three

members of which consist
members of operators, there being

will be simply with the

of employees and three
also a provision for the

appointment in case of necessity

but

an umpire by one of the Justices of the United States
Circuit Court for the Third Circuit.
of

Why

should not this arrangement answer for the

'future as well as for the present?

view

The

increasing wages.

to

employees are now working less than eight hours a day,
their pay is graded on a nine-hour day
that is

—

every hour they work

for

day's pay.

hour

they get one-ninth of a
In the event of the establishment of an eight-

day they would get

for

every hour worked one-

cannot be the pur-

eighth of a day's pay instead of one-ninth.
This, it will
Nothing could be seen, would be an important difference, and the conbe gained by that.
Conditions have not essentially sumer of course would have to foot the bill.
changed in the interval, and what reason could there be
But is the consumer prepared to pay still higher pricea

pose

to try all

hoping

for

lor

It

the old issues over again.

a different decision

now than

before?

It

should be remembered that by the award of the Anthra-

—
—

Commission the wage question which is always
looked upon as the factor of greatest consequence in
struggles between labor and capital
was put on a broad
and comprehensive basis. The miners were granted an
advance in wages on top of a previous advance, and at
the same time provision was made for further advances
(by means of a sliding scale) as the selling price of coal
should be raised. What, then, could the men hope to accite

A

complish by a strike?

contest for recognition of the

and would meet with the sweeping
change in
the attitude towards non-union labor would meet with
equally little popular support and sympathy.
It may be
recalled that the Strike Commission laid down the rule
that no person should be refused employment or be in any
way discriminated against on account of membership or
union would be

futile

A

condemnation of the whole community.

non-membership in any labor organization.

Obviously

a position that cannot be surrendered.

The Com-

this is

mission expressed well the general sentiment on that
point when it said that " the right to remain at work

where others have ceased to work, or to engage anew in
work which others have abandoned, is part of the per-

for his coal after the large

upon

to

We

imagine that

is

of anthracite

is

knows that anthracite

a great deal more than a few years ago.
sons,

already called

where the rub will
Every householder and every other con-

pay.

really come.

sumer

additions he

however, appreciate

how

costing

him

Very few

per-

is

largely the advances are

due to the advances in wages secured during the last
few years by the miners and the other workers at the
mines.

We

have ourselves

set

out the facts in this

regard on previous occasions, but Mr. Willcox has rendered an important service in presenting the situation in
that regard in such a cogent

way

at this juncture.

It

should not be forgotten that in 1900, as the result of a
general strike, wages in the anthracite industry were ad-

vanced

about

12 per cent.

The Strike Commission

awarded the miners a further increase of 10 per cent
(they had demanded 20 per cent), figured on the previous increase, giving altogether an enhancement of 23*2.
The Commission at the same time reduced
per cent.
the number of hours in a day for the other employees at
the mines (amounting to about 55 per cent of the whole
number) from ten hours to nine hours, which was equivalent to a wage increase of 11 1-9 per cent.
The Commission

further

arranged, as already stated, a sliding

miners and the "company

men"

sonal liberty of a citizen that can never be surrendered;

scale so that both the

and every infringement thereof merits and should receive
stern denouncement."
The subject is discussed at length in an article in the
current number of the " North American Review," un-

should participate in any increase in

der the caption " Present Conditions in the Anthracite
Coal Industry " by Mr. David Willcox. In this article

in rates of compensation has

Mr.Willcox reaches conclusions

like those just expressed,

der the sliding scale have added about 5.96 cents per ton

conditions have been settled

&

making 30.77 cents together. It will be seen
that in this Mr. Willcox is dealing entirely with the increases established by the Strike Commission itself.
The earlier advance in wages, made in 1900, is not
Applying the increase in the cost
taken into account.
of producing coal to the tonnage mined, some quite
The total sum which was
startling figures are reached.
added in the year 1904 to the cost of the coal produced,
Mr. Willcox computes, was about $13,200,000 by the absolute increases and about $3,200,000 additional by the

must therefore

sliding scale, or a total increase in cost of about $16,-

saying, "All the

existing

to which the employees were parties, and
machinery has been successfully provided through

by arbitration,
the

Board

the Conciliation
tions.

fully

in

for

adjusting any future ques-

The methods of transacting business have been
investigated and have not been found objectionable

any

respect.

What

possible

ground can

exist for dis-

turbing this situation and subjecting the country to the

hazard of another anthracite strike ?"
that Mr. Willcox

is

It

may

be urged

the President of the Delaware

Hudson Company, and

that his remarks

be taken as reflecting merely the operators' side of the

These awards have been

the

price

of

coal.

all carried out.

Mr. Willcox says that comparing 1901, before the
with 1904, after the strike, the absolute increase

strike,

added

to the cost of

produc-

ing coal about 21.81 cents per ton, and the increases un-

more,

400,000.

It is pointed out that this increased cost

was

most part by the "prepared " or
that it is in strict consonance with the facts
that really domestic sizes because the small sizes compete with bituno other conclusion is possible, having regard to all the minous coal and their price must consequently be kept
It was
circumstances of the case and weighing the matter on substantially the same level with the latter.
question, but the merit of Mr. Willcox's

statement

is

necessarily borne for the

—

this increase in the cost of

impartially.

Another point should not be overlooked.
in existing arrangements which would add
mining coal would mean that much added

Any

change

producing coal (together with

the advance in the prices of material

and labor gener-

to the cost of

ally) that led to the increase in the prices of the

to the selling

sizes,

amoaitiug

to

about 50 cents per ton.

domestic

AUO.

THE CHRONICLE.

5 1905.1

Supposing now

day

eight-hour

of an

would mean

The

result

made

the employees be

i;

be held

•

He

miners.

to

President

him

to

address a mass meeting

Mr.

10.

known, has great influence with the

Any

other course cannot but

mistake

to

No

franchise or right.

of an

mon

railroads

call

of

ipolies.

a privil >ge del

exclusive

such right

as

is,

fact,

ol

a

guaranteed or indeed exercised by railroads,
lakes

extended

common

toothers, the possession

and bearact

a

But monopoly implies the exercise

haps

should counsel them to abide by the award

ot tbe Strike Commission.

is

It

also that

committing an

Wilkesbarre on August

at

well

is

it

It,

desirable that

stated that

is

invitation

by tbe Mine Workers' Hoard
ip.

is

these facts, and

see

sevelt has accepted the

ot

It

ooal.

to see their significance

We

of inexcusable folly.

wages per hour ot
add $4,350,000

to

preventing them from

thereby

ing,

the

in

would he

more to the cost of producing
the public should understand

day— this

a nine-hour

instead of

a further increase

12*5 per cent

fixed on the basis

wages should ho

that

533

isolated

in

and seas

So long

instances.

of a

per-

country remain, the railroa

have not unrestricted control

n

as the great

c

Is

transportation,

o(

railroads of the United States were one

.

if

the

homogeneou
owned by one

tem, under the control of one management,

man, they would still not be a monopoly. As it is they
are divided under many managements and owned by

many men. Every line has practically been parall
The strife for business is incessant.
In much the same way that we have often done,

the

author urges that too great care cannot be exercised in

result in great injury to all concerned.

giving extraneous bodies authority over railroad prop-

U I YA IE

1

M

Nu

. I

I

EMEU

(/

1

when

the present time,

in certain

being seriously urged

are

islators

G O VERS MENTAL
01 ItAILKOAES.

VS.

to

erty. Nothing should be allowed to come between the
owner and the public. Identity and association of interest are

clothe a Govern-

the owner's place.

ment bureau with functions and powers over the

railroads

We

ture on the subject.

cause

call

a useful addition be-

it

brings out so clearly the economic

't

aud governing railway operations.

_

volume

the bttle

Kirkman has

is

to the litera-

laws under-

The

title of

"Basis of Railway Rates."*

known

been

long

Mr.

an authoritative

as

writer on railway subjects

and the present volume forms

be

comprised in the revised and

one of the series

to

enlarged edition of his "Science of Railways."

way

tend in every

to

enhance

In a preface to the book

much has been

while

said

It will

and written

out

points

that

in regard to

the

railway problem, so far as rates are concerned there

problem not known

The same laws

to

and traders
Answering the argument that the

making

of rates invites the

Government, Mr. Kirkman

special

intervention

of the

asserts that in reality air

not adjust themselves

do

no

that govern manufacturers

railways.

water

is

every student of political economy.

govern

should not be allowed to hide

this respect

He

business.

—more

The

ment.

lie should be directly

to public opinion for the

his

latter

so

and

manner

in

which he

abnormally sensitive in

is

than the

the Govern-

officials of

habitually shield themselves behind

customs aud formalities
of principles

one can supply

which they ascribe the

to

"

necessities.

I

They envelop themselves
which they are as

in their prerogative, as in a shell, in

inaccessible to attack or
It is the

other world.

representatives of the

they are

creatures

the

criticism as

same

denizens of an-

if

As

in every country.

people,

its

the

agents and protectors,

of form, the apostles of prece-

dence, the slaves of precedent. Their safety, convenience,

his reputatiou.

the author

He

himself behind a commission.

amenable
that experience teaches cannot safely be lodged in the
same, a book fresh from the pen of Marshall M. Kirkman carries on
come; as a welcome and a useful addition

No

necessary to the public good.

quarters our leg-

and prejudice are the measure

dignity, interest

Theirs

duty.

is

02 their

They look at
individual.
The

not a divided allegiance.

the country as a whole, never to

the

They shield themselves
The delay of business, the

natural enemy.

latter is their

behind impersonal
convenience

laws.

the

of

people,

is

as

if

were

it

not."

Railways

and

more naturally than the public

lose half their usefulness

The value

servants.

when managed by

of such property

is

so largely

of railways adjust themselves to the vicissitudes of dependent upon the estimation in which it is held by the
trade.
Kates are governed by natural laws, by economic people that private owners are compelled to listen
the same as the price of breadstuffs, and rail- attentively to every complaint, b3 it reasonable or not,
.

must

carriers
ire

1

of necessity adjust

are perversions of

ns and

this

themselves thereto.

economic law they are

one to a million compared

as

to

the

commerce of the country of leaving
antrammeled except in this, that they

the internal

and to act promptly in providing a remedy.
ment is not, for these reasons, a fit sub

GovernIt is too

.

impersonal.

Bat Government can with advantage and

propriety exercise supervision

—

through a commission or

Such a board, however, must not be
upon provincial ideas or
uy situations. Its
not discriminate between shippers; shall not
and m
hip must not be apportioned beal rates nor allow rebates, and shall publish and
the
railway;
and
the public according to the
r tarifls as the Government requires.
by rail cannot be the same from month to month measure of their influence or respective wealth, or upon
any more than they can be by water. any other assumed basis, but must be at once general,
dignified and honorable.
It mus be formed with
of conflicting interests, of ince
single
purpose of accomplishing whatever measure of
flue* nations. Those who advocate legislative interference
railroads

r similar hody.
I

I

l

..

]

•

Id

'

ral

i

" They would substitute for this

chang
world an

artificial
a,

'1

•
'

e evil

I

ment

the instigator of

•

B
B

:

—a world

impossible

it

j

with block

the

is

good

"I

ciples "f business;
t

V«vTorkaadi

day

G

iy

—a board

to
ri

the railroa
jhts

an

1

privil'

that rec iguizes that rail a

aid must be operated in harmony with

Substitute automat,.: action lor geni
rs.

must be a board favorable
and equally favorable to the

other interests

<i

commercial enterprise, rather than

...

restricted office renders p

ily

its D

It

ble.

men, impracticable

would make

Basis or Bailwat EUTBsand Private

Company.

filled

would sweep away that which

has attended

'•n

one

public good

Publlah-

to

prin-

a b »ard that reco mizes that railr

adjust themselves tO'tha
day, according

they arise.

'al

to

the

conditions

of

exigencies of

tra

bu

THE CHRONICLE

531
Government management
never

may always
from

never

expedient,

upon

depended

be

commercial affairs is
effort
Competitive
wise.
of

to

machinations of interested parties

tin;

operations.

—

sponsibility, great

In the

outlay.

vate corporations a deficit

free in

Government
mean lax remanagement of pri-

a seiious matter, to be scru-

is

only an incident, to be looked upon with patriotic in-

The owners

dulgence.
supervise

properties

their

railroads find

of

it

difficult

to

through the managers they

employ, although constantly on the watch, and although

one and

are animated by the fear of personal loss.

all

How much

more difficult, then, must it be for the people
to do so who have neither direct interest or influence.
As showing what shippers in the United States have
gained through the specific reductions in rates made by
the railroads without governmental interference or

any kind, Mr. Kirkinan furnishes

straint of

ing illustrations.

the

from 3-642 cents in

1863

duction

1903)

to

some

re-

strik-

Without intervention the roads have

voluntarily reduced

per ton per mile charged

rates
to

0-763 cents in 1903, a

re-

amounting (on the basis of the business for
the enormous sum annually of $4,987,040,622.

Mr. Kirkman

finds that the total cost of

the United States on

company

the railroads of

June 30 1903 stood

at

$11,624,-

stocks are also published weekly in another

department of the paper, and
542 and 543.
Shares.
BANKS New York.

will

—
—

June 1905—

sale.

205
380
90

K —Brooklyn.

Hank
TR1

10 Mechanics'

25 Farmers' Loan

Last previous
July 1905
July 1905

204
375
90

50 United National Bank

BAH

be found to-day on pages
Price.

ZlO Commerce. .National Bank of
12 (urn Exchange Hank

arrogance and

In the operation of governments

tinized with sharpness.
it is

if left

a people from

But nothing can protect
Government monopoly from the stupidity,
ambitious ends of governmental servants.
ownership and management everywhere

its

people

a

protect

trust

[Vol. lxxii,

ft

[PANY—New
Trust Co

250
York.
1400

July

1905— 245

July

1905—

1470

i Sold at the Stock Exchange.

— Mr.

Arthur Terry has recently been elected Treasurer
of the Title Guarantee & Trust Company, 146 Broadway.
Mr. Terry was formerly connected with the firm of Messrs.
Blair & Co., later becoming Trust Officer of the Manhattan
Trust Co., and was then chosen Secretary of the City Trust
Co. upon

its

organization.

until the City Trust

can Trust
Guarantee
in Greater

He

occupied the latter

office

was consolidated with the North Ameri-

and Trust Company

of

America.

The

Title

& Trust Company, with several thriving branches
New York, is still making large additions to its

banking business, its deposits having increased from §31,000,000 on June 30 last to over $33,000,000 the present
During the past six months the institution has sold
week.
investors $44,854,000 in first mortgages on New York City
real estate.
Mr. Edward O. Stanley, Second Vice-President, has charge of the banking department.

—

It is reported that a membership
Exchange was recently transferred

in the

New York

Stock

for a consideration of

$80,000.

— Mr.

Carlton Godfrey, President of the Guarantee Trust
Co. of Atlantic City, N. J., has been elected President of
the New Jersey State Bankers' Association, to succeed the
late

Mr. Edward S. Campbell, whose death was announced
columns on July 8.

in these

Accordingly he proceeds as follows.

475,533.

' It ap-

pears from the foregoing that the public received a divi-

dend in 1903
pared with
cost

of

in

the shape of reduced rates (as

com-

1863) equal to 42-90 per cent of the total

the

of

railroads

the

United

The

States.

owners of the railroads, on the other hand, because
of the reduction they had

made

way

and dividends a return of only

of interest on bonds

in rates, received

3-74 per cent on the total cost of their property

in the

—a

re-

turn on capital invested that no manufacturer, business

man, merchant or banker would consider adequate."
Obviously, except for the reductions in rates, the tonnage
could never have reached
does not

make

its

present proportions, but that

the saving anv the less real.
to

the great reduction effected in rates which possesses a
force.

He

The capital is $1,000,000,
funds and undivided profits $4,342,595 (market
value) and total resources $42,554,468.
10 per cent on the deposits.

Mr. Kirkinan makes one other point with reference

good deal of

—

The semi-annual statement of the New York Life Insurance & Trust Company, 52 Wall Street, for June 30 indicates the prosperity and substantial growth of an institution
whose fixed policy it is to accept only private trusts and
The deposits in
decline all corporation and public trusts.
trust, which were $26,676,027 June 30 1903 and $30,048,844
one year later, are now $33,912,888. In addition, the
annuity fund amounts to $2,181,138 and the life insurance
fund to $390,793. One of the interesting features of the
assets as set forth in the printed report is a detailed list of
all the bonds and stocks owned by the company, with the
The par value of these securities at
par and market value.
present is $10,129,020 and market value $11,739,040. The
cash held in the institution's vaults, $1,425,000, and cash
in bank, $2,093,176, together constitute a reserve of over

says that as every railway com-

surplus

—An

order was granted by Justice Howard at Special
last authorizing the receivers of the

Term on Saturday

pany naturally and properly seeks to maintain rates, the
Merchants' Trust Co. of this city to pay a first dividend to
fall in rates shows how futile such efforts are when condepositors of 40 per cent.
It is provided, however, that
ditions are averse.
In other words, the rates of the rail- $18,000 of the amount now in the Receiver's hands must be
ways are governed by economic laws, to which their set aside to pay a claim in suit. All of the securities held
managers must conform and which they cannot ignore. by the trust company, except the Hudson Valley Ry. bonds,
the Rutland Street Ry. bonds and a few minor items, have
To substitute for this the judgment even the wise
now been disposed of. The receivers have been restrained
judgment of a Government bureau would be a danger- until after August 27 from selling the bonds of the Hudson
ous departure, sure to be fraught with serious conse- Valley Ry. until final arguments have been heard upon the

—

—

railway company's application to sue for their possession.

quences.

—

ITEMS ABOUT BANKS, BANKERS AND TRUST

—The

public sales of

bank stocks

GO'S.

week aggregate
82 shares, of which 72 shares were sold at auction and 10
shares at the Stock Exchange.
Only one lot of trust company stock, amounting to 25 shares, was sold. The table
below, given in our usual form, shows the actual sales of
New York City bank stocks made during the week at auction
and at the Stock Exchange. Extensive tables showing the
bid and asked quotations, deposits, surplus, &c, of banks
this

As indicated would be the case in our issue of July 22,
the stockholders of the failed Fredonia National Bank of
Fredonia, N. Y., have been assessed 100 per cent. About
$65,000 in value of the $100,000 stock has paid the assess-

ment and

suits will

be brought against the remaining share-

holders to compel payment.

—

Two Newport, R. I., institutions have changed hands,
namely the First National Bank and the Coddington Savings
Bank. The first-named institution has been absorbed by
the Newport Trust Co., while the Coddington Savings Bank
and trust companies in all important cities of the United has been taken over by the Industrial Trust Co. of ProviStates are published monthly in the Bank and Quotation Sec- dence. The shareholders of the First National Bank were
tion ,the August issue of which accompanies to-day's Chronicle. offered $100 in cash for their stock and in addition all that
Bid and asked quotations for all New York City bank and the assets of the bank may yield above that sum in liquida-

.

J

,

THE CIlKONrCLK

Ar... 5 1906.

The proposition to the trustees of the Coddington
Tings Hank was that the whole property of t he institution

tion.
-

among

be divided

stive interests

the depositors iu proportion to their rethe depositors exchange their

and that

books of the Industrial Trust
Hank
A meeting
voluntary
liquidation
upon
the
to
vote
called
will shortly be
of the institution, and the board of trustees of the Codding-

bank books

for participation

of Stockholders of the First National

(\<.

ton Savings Bank has decided to dissolve the bank in accordance with the provisions of its charter.

— Receivers Samuel

W. McOall and

Charles F. Choate Jr.
of the Union Trust Co. of Boston have obtained a decree
from Justice Barker in the Massachusetts Supreme Court
permitting them to return the institution and its assets to
the control of William E. Barrett and other stockholders.

Dividends amounting in the aggregate to 70 per cent had
previously been paid and the receivers had on hand $07,567
in cash to be distributed to creditors whose claims amounted
Mr. Barrett, representing the entire stock and
to 8179,337.
a majority of the deferred claims, offered to furnish the

balance of $111,770 to pay the claims, provided the institube turned over to him. As
Justice Barker has now given the necessary permission, Mr.
tion with the remaining assets

The institution is not to
before obtaining
however,
be allowed to receive deposits,
the consent of the Savings Bank Commissioners.
Barrett's offer will be accepted.

—

Mr. Oscar E. Weiss, formerly Auditor,
pointed Assistant Cashier of the Farmers'
National Bank of Philadelphia, to succeed
T
eiss has been in
Eugene H. Austin. Mr.
the bank for fifteen years.

W

— Mr.

Esmonde H. Austin, Treasurer

535
The proposed change

charge of the affairs of the institution.

was referred

to in

these columns on July 22.

the vice-presidency,

takes

H.

of Mr.

Mr. Rollins

the

lion

The bank will remove some time in
large and commodious rooms now being

Piatt.

S.

October next to

up

made vacant by

occupancy on the ground floor of the Conimmediately adjoining the quarters of
the Continental Trust Co.. with which it will have close
fitted

for its

Building,

tinental

business relations.

— Mr.

Thomas W. Pomeroy, formerly Cashier of the
Hank of Tarentum has been elected an

People's National

Equitable Trust Co. of

Vice-President of the

additional
Pittsburgh.

—The

Bank

N. A., has completed extenand improvements in its quarters on Fourth
Avenue, which now extend through to Third Avenue.
of Pittsburgh,

sive alterations

The

institution sent out very attractive invitations to its

many

and patrons requesting them to view the enlarged rooms on Thursday, the 27th ultimo.
The invitation presented handsome views of both the exterior and
interior of the bank's new quarters, and, judging from these
friends

photographs, the Bank of Pittsburgh
most magnificent bank building.

the possessor of a

is

—

The shareholders of the Union National Bank of Pittsburgh on Tuesday ratified the proposed increase in the capital
from $500,000 to $600,000. As was stated would be the
has been ap- case, in our issue of July
8, the new stock is to be sold at
& Mechanics' $1,300 per share, $1,200 of which will be added to the surthe late Mr. plus fund, bringing that item (including undivided profits)
the service of up
to about $5,000,000.

—

United Security Life Insurance & Trust Co. of Philadelphia, died on
Wednesday at the age of 52 years. He had been in poor
health for some time past, being afflicted with heart trouble,
which was the cause of his death.
of the

—The Empire Title & Trust Co.— the new West Philadelphia institution to the organization of which we referred
on June 17 opened for business on Tuesday of this w^eek

The directors of the Provident Savings Bank & Trust
Co. of Cincinnati on Tuesday decided to increase the capital
the institution from $500,000 to $1,000,000.
Of the
$500,000 additional stock, $250,000 will be allotted to
present shareholders at par, the remaining $250,000 to be
sold to patrons of the institution.
It is reported that the
trust company contemplates removing its quarters further
uptown and that several sites are under consideration.
of

—

—

Mr. Charles S. Andrews of Brazil, Ind., has been apand Lancaster Avenue. pointed permanent receiver of the Vigo County National
The capital of the institution is 8500,000, and it will do a Bank of Terre Haute Ind which closed its doors on June 28
general trust company business.
President, as noted in these columns at the time.
Its officers are:
Gustave Conzman,
William Powers; Vice-President, P. J. McGarvey; Secretary the Cashier of the institution, who was arrested charged
and Treasurer, Reginald B. Chase.
with appropriation of the bank's funds, has been held in
at the corner of Forty-fourth Street

,

—

$10,000

.

,

bail.

In a suit brought against the Maryland Trust Co. of
Baltimore by the National Mechanics' Bank, also of that
city, to recover the sum of $281,447 loaned by the bank to the
trust company to pay for certain stock of the trust company
purchased at the time of the absorption of the Guardian
Trust Co. by the Maryland Trust Co., Judge Baer, in Cir .
cuit Court No. 2, handed down a decision sustaining the
claim of the bank.
Judge Baer, in the opinion, said it
seemed to be clear "that in the purchase of this stock Mr
Ramsay" (President of the National Mechanics' Bank)
is acting as the agent of the Maryland Trust Co., and
that the agreement on the part of the bank was to loan the
money with which to pay for the purchases."
"The
certificates of stock were deposited by Mr. Ramsay with
the bank as collateral security for the payment of the loan
made by the bank in advancing the money with which tin
stock was purchased."
Judge Baer orders, however, that
the amount of the judgment is not to be paid the bank by

authorized to receive deposits subject to check, although
they may accept time deposits; that they arc required to
procure certificates from the Auditor authorizing them to
commence business; and that their authorized capital must

the receiver of the trust

be fully paid up.

.

have been paid

company

.

.

until all other creditors

members to twenty-three, has decided to re-incorporate
under the laws of Illinois, the name of the institution to
remain as at present. The capital as indicated in our
issue of July 22— is being increased from $200 ,000 to $600 ,000,
and it is stated that the new stock has been fully subscribed.
A meeting of the stockholders will be called for some time
during the present month to ratify the proposed changes.

—

— Attorney-General

the 31st ultimo, moved into
Liberty and German streets.

Baltimore on Monday,

new home at Hopkins Place,
The National Exchange is o
of he banks rendered homeless by the great fire in Baltimore
in February of last year, but which commenced Lmmedial
the construction of a new building on the old site.
The new
its

4

used exclusively for the bank's purposes.
It
is built on a level with the street, the basement being fitted
out with safe deposit vaults.
Altogether the building
credit to that new Baltimore which has arisen out of the
ashes of the old.
is

Tuesday, the 1st instant, Mr. Thornton Rollic
tired from the presidency of the Maryland National Hank
of Baltimore,

and

his successor,

all

Mr. E.

II

.

Thomson, assumed

loan and trust companies in the State of

subject to examination

have been favored with a copy

program

of the

of

the fourth annual convention of the Colorado State Bank'

Association, to be held at Greeley on

Monday and Tuesday,

the form of a bank
-book with genuine leather covers, and pr
an attractive and unique appearance.
Several questions of inwhich should
j1 will be discussed and Borne addn
prove timely and Instructive. A round of
nts
and social function.-, including a banquet and re<

August

and

7

8.

The program

is

in

I

i

provided.

i

— On

Mullan of Iowa has given an opinion

Iowa are
by the State Auditor, whether they
do any banking business or not; that no trust company is
that

— We
of

of Chicago, being

desirous of increasing its board of directors from eleven

in full.

—The National Exchange Bank

structure

—

The Colonial Trust & Savings Bank

— Receiver
announces

B¥adley of the

i-ir-t

Xauonal

Banfc

thai shareholder.- of the institution w

ill

TbfJeka

"I
a

Aug.

7

One quarter of the
too per cent on their stock.
ind
assessmehl is to he the amounl of the firsi pay
the remainder, for which shareholders will be compelled to
be

;

,

i

THE CHRONICLE

530

give security, will be payable in instalments in thirty, sixty
and ninety days.

—A new banking institution

for

Memphis, Tenn.,

is

being

organized, the Realty Trust Co. on Saturday last having
filed application for a charter.
The new company is to have

do a general banking and trust
business.
Its incorporators are:
H.Smith, R. E. McGill,
R. E. McGill Jr., R. M. Buck, J. W. Winkler, John B. Ross
and C. S. Northrop.

a capital of $100,000 and

—The

will

organization of the Hamilton National Bank of
Chattanooga, Tenn. to which we referred in these columns
on June 17 has been effected, and Mr. T. R. Preston elected
President; H. T. Olmstead.and G. H. Miller, Vice-Presidents;
C. M. Preston, Cashier, and C. L. Knoedler, Assistant

—

—

Cashier.

The

new

capital of the

our previous item

—

is

institution

—as

noted in

$250,000.

—

Meetings of the stockholders of the Canal Bank & Trust
Co. and of the Louisiana National Bank, both of New Orleans, have been called for August 30, to vote upon the
proposition to consolidate the two institutions according to

Clearings at

Montreal . _
Toronto
Winnipeg.

1904.

25.590,640

20.230.581

16,666,741
6,719,042
1,723.401
2.235,488
1.796.142
1.806.454

15,:::,'

Halifax ...

Ottawa
Quebec
Vancouver.
Hamilton..
Si. John...

l. 2>,y,.

<,>,:,

Total Canada..

60,504,255

'

1903.

1902.

4-26.6
8.5
+ 20.3
3.4

$
19,125, 371
12,950, 913
147
1.4*2, 190
1,608, 421

20,588,754
1M.S03.381
3,569,290
1.4*0,923
,057,568

2

1

.5

+ 19.0
+ 33.5
+ 35.0
+ 15.7
+ 3.9
+ 41.9
+ 19.1

978,905
848,671

881,822
682,490

V ictoria

481

50,787,210

29.

In. or De.

+
+

5,685,811
1,666,085
1.840.031
1,509,120
1.353,001
931

1,132.304

London

1

1.575, 978
1,450, 085
850, 000

1

.-'77.277

1.000,259
7'3,097

946 177
850, 000
642 431

797,522
650,000
504,089

45,415,719

46.188.160

—

Clearings by Telegraph.
Sales of Stocks, Bonds, &c.
The subjoined table, covering clearings for the current week,
usually appears on the first page of each issue, but on account
of the length of the other tables is crowded out once a month.
The figures are received by telegraph from the leading cities.
It will be observed that as compared with the corresponding
week of 1904, there is an increase in the aggregate of 39.4 per
cent.
So far as the individual cities are concerned, New
York exhibits again of 56.0 per cent, Boston 26.3 per cent,
Philadelphia 44.0 per cent, Chicago 4.5 per cent, Baltimore
363 per cent, St. Louis 4.5 per cent, and New Orleans 102.9
per cent.

— Returns

Clearings

Bank

been organized
with a capital of $100,000. E. L. Grondahl has been elected
President, John Erickson Vice-President and A. H. Soelberg Vice-President and Cashier. The old quarters of the
Scandinavian-American Bank, at First Avenue and Yesler
Way, are occupied by the new bank, it having opened
for business on Monday of this week.
Mr. Soelberg and
President Grondahl were formerly identified with the
Scandinavian- American Bank as Vice-Presidents.
State

Week ending July

—
1905.

the plan given in these columns on July 22.

—The

[Vol. lxxii

by Telegraph.

Week ending Aug.

of Seattle has lately

$1,342,280,934

Boston
Philadelphia

Seven
Total

Total

+ 56.0
+ 26.3

69,815

+44.0
+36.3

5 days

all cities,

5 days

+ 4.5

17,453,175

8,602,007

SI, 827,202.684

SI, 261,349, 241

299.984,718

265.4S1.927

S2, 127. 187,402

SI. 526, 831, 168

day

+ 4.5

40,7'

12,190

cities,

All cities, 1

$860,544,557
97, -34.789

113,82
21,3:
-7.106

Baltimore
Chicago
St. Louis..

%

1904.

1905.

5.

New York

+ 102.9
+ 44.9
+ 13.0
+ 39.4
+ 39.7

368.643,227

all cities for

week

+39-4

SI. 790.724,487

S2.495.830.029

—

As previously stated in these columns, the bankers of
Our usual monthly detailed statement of transactions on
Oregon on July 21 last decided to form an association similar
the various New York Exchanges is appended.
The reto the Washington State Bankers' Association, and accord,
sults for the seven months of 1905 and 1904 are given below.
ingly the Oregon State Bankers' Association was organized
and the constitution of the Washington body adopted verSeven Months 1905.
Seven Months 1904.
batim as the constitution of the new association. The fol- Descript'n Par Value
Actual
Av'ag,
Par Value
Actual
Av'age
or quantity.
Pru
or quantity.
Value.
Value.
Price.
lowing were elected as the first staff of officials: President,
150,836,624
63,421,676
Mr. J. Frank Watson, President of the Merchants' National St'klSh's
Jval S14011.286.275 312071,720,404 86.2 $5883, 155,525 $3490, 850,444 59.4
Bank of Portland; Vice-President, Mr. E. V. Carter, Cashier RR .bonds S529.708.900 $500,853,589 94.5 $369,530,700 S301.303.137t 81.9
'

i

Gov.b'nds

of the

Bank

of Ashland; Secretary, J. L.

Hartman, Manager

House; and Treasurer, William E.
Grace, President of the Citizens' National Bank of Baker

of the Portland Clearing

State b'ds

Bk.

st'eks

$303,900
$111,582,850
$524,500

$515.220110.0

S468.580

$2,939,700;

$2. 527. 702

86.0

$939,967229.3

S410.000

Total
$14653,520,425 512678.397,289: 86.5 $6256.510, 505$3802. 136, 536 60.8
288,690,900
Grain, bu.
285,662,930 98.9c.
357,746,800
324,385,590 905£c.
|

Tot. val

City.

$394,340 108. 4
$104,049,339 93.3
$1,379,617,263.0

I

$4126,522,126

S12964,060,219

— Both houses of the Canadian Parliament recently passed
incorporating the Monarch Bank of Canada — to

The volume of transactions in share properties on the New
York
Stock Exchange each month since January 1 in 1905
which we alluded in these columns on July 8. The new inand 1904 is indicated in the following:
stitution, which expects to locate in Toronto, will have an
SALES OF STOCKS AT NEW YORK STOCK EXCHANGE.
authorized capital of $2,000,000.
Mr. T. Marshall Ostrom
the

is

bill

new bank.
Limited, of London has

promoting the organization

of the

—The

1905.

1904.

National Discount Co.,
M'th Number
Values
Values.
Number
01
01
issued its semi-annual statement covering the half-year
Shares.
Shares.
Par.
Actual.
Par.
Actual.
ending June 30. The balance sheet shows deposits of
$
$
Jan . 20,792, 55S 1,931,154 400 1,374,870, 487 12,262.624 1 ,159,581 975 666,948,926
$52,973,471 and re-discounted bills of $15,271,450. The Feb . 25,239,088 2,323,637 S50 2,014,562, 018 8.789.259J 793,179 950 500,002,419
Mar 29,138,838 2,708,955 975 2,178,193, 156 11.440,9561 ,053,978 950 654.008,461
gross profits for the half year were $512,818.
A dividend at
1st qr 75,170,484 0,963,748,225 5,567.625,661 32,490,839 3,006,740,875 1,820,959,806
the rate of 10 per cent per annum was declared calling for
April 29,298,456 2,789,542 050 2,670,498, 407 8,205,529 772,657 250 439,390,481
$211,666, and after other deductions a balance of $57,374 May- 20,517,560 1,911.014 550 1,758,624, 01S 5.290,110' 500.722 000 287,964,816
June 12,570,409 1.132,492, 100 999,484, 627 4,972,804 465,855 700 250.000,002
was carried forward to the next account.
.

977,355,299

2d qr 62,392,485 5.833,049,300 5,428,607,112 18,468,443 1,738,734,950

Canadian Bank Clearings.

—The Clearings of the Canadian

Banks for the month of July 1905 show an increase over the
same month of 1904 of 21.8 per cent, and for the seven
months the, gain reaches 25.1 per cent.
July.
Clearings at

Canada

Halifax

Ottawa
Quebec
Vancouver
Hamilton
St. John
London
Victoria

July 13,273,655 1,214.488, 750 1,075.487 63112,462,394

137,679, 700

The following compilation covers the
since

January

1904.

Dec

%
113.116,636
85.204,165
31,900,o09
8,077,082
10,290,150
8,164,809
7.311.005
5,611,677
4,760,598
4.337,517
3,116,956

88,391,285 + 28.0
70,844,172 + 20.3
24,824,509 +28.9
8,279,231 —2.4
8,705,926
18.4
7,323,004 + 11.5
6,573,713 + 11.4
5,114,389 + 9.7
4,340,751 +9.7
4,054,214 + 7.0
2,950,272 + 5.6

+

1904.

$
740,266.885
5S7.628.188
172,105,891
50,101,382
66.161,222
48,657,482
45,756,802
37,152,507
29,104,662
28,238,962
20,941.938

clearings

798,315,105
698,535,339

by months

1.

Clearings

Clearings, Tttal All.
In.

1905.

1

2,

MONTHLY CLEARINGS.

Seven Months.
In. or

—

Winnipeg

745,475, S25

Month

—
1905.

Montreal
Toronto

6mos 137562 909 12796 797 525 10996 232 773 50,959.282 4

190.-,.

or

1904.

%

1905.

Outside

New

York.

1904.

%

Dec.

%

561,776.602 + 31.8
450,918.214 + 30.3
149,689,656 + 15.0
49,817,324 + 0.6
58,786,375 + 12.5
43,032,001 4-11.5
40,379.054 + 13.3
32,763,191 + 13.4
27,879,452 + 4.4
25,276,765 + 11.7
18.677.860 + 12.1

Total Canada 281,896,964 231,402.066, +21.8 1,826.115,921 1.459,597.094 +25.1

The clearings for the week ending July 29 make a very
favorable comparison with the same week of 1904, the increase in the aggregate having been 19.1 per cent.

S
Jan .. 11,845,618,812
Feb... 10,648,351,488
March . 12,915,789.511

$
$
$
9,451,278,382 + 25.3I 4,110. 894. 257; 3,759,752.263
7,727,105,027 +37.8, 3,530.032.226 3,297,300,025
8,397,3S8,333 + 53.8 4,184, 3S1.014 3,593,385,343

1st qr 35,409,759,811 25.575,771,742

April.. 12,732,343,154
May .. 12,057,137,810
June . 10,812,576,013

8,324,005,741
8,229,870,056
S,072,011.137

2dqr 35,602,056,977 24,625.887,534
6

mo

71,011,816,78S 50,201,659,276

July .. 10,864,40S,323

+ 38.4 11,825,307,497
+ 53.0 4,051,546,694
+ 46.5 4,173,090,393
+ 33.9 4,077,265,894
+ 45.9 12,301,902,981
+ 41.0 24,127.210,478

8.674,171,836 +25.2

4,025,375,771

21,072,363,613

+ 9.4
+ 7.1
+ 16.4
+ 11.0
+ 14.7
+ 23.2
+ 16.5
+ 18.0
+ 14.5

3,479,811,568

+ 15.7

10,650,437,631

3,533,362,656
3,3S7,0o9,959
3,501.523.367
10,421,925,982

The course of bank clearings at leading cities of the
country for the month of July and since January in each of
the last four years is shown in the subjoined statement.
*

—

THE CIIROXICLF,

A.UG. 5 L906.]

s^$$ss$J
.kakincs

i-i

i<

\

/on.

)

rhk-i-o

I'M

5.978

704

791

;.

':"»

'

1903.

1904.

1905.

(0OO.iHH>urn

.-.In

In

lis

1

Hi

Cln.-tmriM

al

221
127
102
106

177
123

PI,,.

Sin

532

503

Ph?|.\i.

St

94

104

,,,;,;,

Smtand

1906

6.694

53.724

624
522
210
203
118

30
27

Provlcten

na

3.771

3.190
1.150
651

Denver
H

704
70s

709
619

5

544

throughout Europe thai

200

26
25

17

21

20

20

l.i

13
19

16

13

14

209

183

193

187
175
189
133
122
113

181

180
124

192
183

19
1"
10

151

143

IS

12

15

106

9.321

0,777

78,198

427

r-117

146
lis
S3

115
85

85

84

85

9S

:;.isi

-•

:i.iiii

do1

is

ii

business for

in

war

the Russo-Japanese

London

55

policy

combina-

thai there will

likely

some time

come.

to

broughl to an end there will
But while the war
probably be a recovery in the autumn.
no;
looked
fur by the best
lasts
much increase of prosperity is
informed all over Europe.
Money is very abundant and cheap, and there is a large
[f

209

201

the

thai a greal

the whole, then, there

much improvement

"'

378
320
301

2»2
226

240

29

s

451

:.7.-.

13
16

3,247

18

I

and

Germany in cheek.
is go much political appreheu-

be formed to keep

Upon
698

some apprehension that quietly

is

Delcasse will be resumed

M.

tion will

m

82

Is
13

over, there

1.

226

88

'

1.042

1.436
1,004

81

27

IndtaW<

1.417

50

29
26

(8

Bufii

Prance, while they clearly recognize thai the feeling of France
towards Germany »is Car more hitter than it was.
More-

i.

1.69

98

56
44
45
33
29

i">

1903

1904

34

3.934

107
7s

7.'

47

Juiu 31.

to

i

1.903

•"•>

•'>' 1

Kptroll

,

1902.

'

Mlnnoaivi

ins

\iu\r. (i

i.i

l

jiiiv

537

is

of

gold—over two

at

the present

— on

millions sterling

time.

It

the way
how much

uncertain

is

to
of

this gold will go into the Bank of England, for the Paris exchange upon Loudon is at a figure where gold might almost
The rates of interesl and discount
taken from
very low at presenl in London that the French banks
lanci s they
no :id\ an tage in retaining here th
have been so long employing. No doubt rat
arly as
,"
low in Paris as in London.
Lch haul;
can emI

176

3.790

/.

is

3.577

58.876
24.552

2S.152

than there was

the fortnightly settlemenl

that

lasl

failures

si

week,
would

In

l

the stock mar-

in

new

as little inclinatioD to engage in

lere is jusl

i

\ndon, Saturday, July 22 1905.

a better feeling

I

67.593
24,088

67.031
25.356

was

it

oci

money with

r

i

more particularly

greater profit in other directions,

Then

Italy.

in

impn

Fore the general

ri illy r< duce the balsion is that the French banks will
they are employing in London, and that in doing so
will buy up most of the gold offering in the open mark b.
Moreover, business continues exceedingly good in Argentina
and the prospects for the new crops arc promising. Thereit
a very considerable amount of
is anticipated that
This
gold will be shipped from London to Buenos Ayres.
k a beginning of the shipments has been arranged for.
Consequently it is probable that gold will be taken both
Nevertheless some gold
Paris and by Buenos Ayres.
naturally that which has
will go into the Bank of England
been -hipped hither by the Indian Government.
The India Council offered for tender on Wednesday 60 lacs
of drafts and the applications amounted to over 545 lacs at
Apprices ranging from Is. 4d. to Is. 4 l-32d. per rupee.
plicants for bills at Is. 4d. and for telegraphic transfers at
Is. 4 l-32d. per rupee were allotted about 8 per cent of the
amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,
compared with the last three years:
.

thai the hou
however,
This week an old established
had been
At one time it occupied a very imsuspend.
Mtimi oil the Stock Exchange.
But it has not
:

i

fin

po:

E

:

1

so active recently.

It is

now

believed

that

develop and that in fact the hou
heavily have been relieved by strong houses
stocks the weak houses held without being

failures will

whi''h

had

lost

able to pay for.
far as the state of markets is concerned, then, there is
no reason for further apprehension in the opinion of the
ied.
be-'
But the political situation throughout
Europe is regarded generally as very serious, and nobody,
in
ence, is inclined to engage in new enterprise.
The urn illingness to act has been increased by the report
of an interview granted by M. Witte.
The interview, in
reality, is not discouraging.
M. Witte was sure to say that
his
inions did not matter
that he was the Ambassador Extraordinary of the Czar and that he had to obey the
Czar's instructions.
There is nothing in all this to cause
erioun disappointment. Yet both in London and in Paris
the report did cause disappointment, making people fear
that peace was not so probable as had previously been
hoped,
h spite of that, the best informed still hold to the
idea th
is certain.
In fact Russia is in such a position that it is incredible her Government will persist in maintaining the war.
As everybody knows, Russia some
month- nzo endeavored to raise 32 millions sterling in
the French bank- refused to lend.
Since then

—

,

—

1904.

1903.

1902.

1901.

July 20.

July 22.

July 23.

July 24.

£

£

£

£

28,601,3(15

29,408,090
7,238.163
41,244,279

29.649.990
11,651,651
39,445,653
16,986,460
26,881,395
26.404,100
38,279,100

30,179,355
10.215.218
39.647.358
16,204,899
20,558,095
25,271,494
37,675,849

51"^
3

50^

1905.

July

19.

£
29.9S9.150
10,756,678
44,338.873
nim't securities. 16, 752, 444
securities
29,642,689
Reserve, notes&coin.26,736.492
Coin&bull., both dep 38,275,642
Prop, reserve to lia4S 7-16
p. c_
Bankrate
p.c2\4
90 1-16
Circulation
Public deposits
Other deposits

7,042,301
40,844,216
16,403,766
25,211,552
24,331,331
34,482,696

15,3 12,840

26,016,874
25,262,601
38,555,691

50%

52

3

s2^pc

3

3

92 13-16
92
<
26 15-16d.
24%d.
25 5-16d.
27Kd.
Clear.-house returns 259.447.000 216,260,000 174,145,000 154,740,000 165,614,000
88 11-16

26%d.

Silver

The

O.v

rates for

money have been

as follows:

.

June

home, and
home and abroad

has sought to raise 15 millions sterling at

When

h\<" failed
i

so

the credit' of Russia at

much.it surpasses

allowed to continue.

Still,

belief that hostilities will be

the public

large

at

is

doubtful.

Bank

•

—

—3

months
4 months
•
months
Trade bills— 3 months
4 months
bills
•

•

•

1-16

2K<"

'Sit

'ilt

ill

as

tl

negotiations is known, it is
be an increase of activity, all the more
,w upon us and the weather is ex-

of the

making
country or

who can

all

away

get

leave for the

By
By
.

Joint-stock

In

anticipations.

!

VA
to 14

with

to

nsion,
*"''

gh practically there

is

as

2j|

1

Hi

and open markel rales at the
follows:have b
•

cities

July 22.

Hank

Itnhsol
Interest at

July

f

Market.
3
•

3 •
3 •
2'4

on

am

2

IV.

3
iUtr

•

•
•

2H
2M

3

-3
2\4

m

.:

•

H

2
2 3-16
•

•

teen

4

Pixley

I

Open

:
8

2

m

4

4

1

1.

.

nom.

4H

i

2
2

Bank
Rau

2K

nom.

noin

5V6

3

3

2Mi

July

s.Ttfl

I

<>

1:

Paris

much

W*

IK

rate of discounl

(

i

Mows under

& Abel! write

dat

July 20:

lik

me

re

to the future.

gr
pleased

<<

|2M

2H<fh2H

days

Is

e

154

1

Continental

Germany in regard to .Morocco.
careful.
And the condition of Austrian Norway and -

13-16® VA

2%@2H

2',

—

ll-16@lJi

\r.i'.\',-.s

The Bank

f

2K<'

2H
;

discount-houses

side.

I

2M

July 21.

14.

1
1

2(5
.

m

2H
1%®1 13-16

•

.

July

July 7.

30.

2H

of England rate
arket rates

thi

-

lookii

LI

still

Bu1

pn
mlHiy.

More over, the Mor<
:i
public w..y mon

•

business in thai country
ined any advantagi
bj

•

an incidi

Fn
fail
h<

r

-ma
Intel-

rich.

I

attitudi

,

ii:

luctuatlon
h ivi
bei n small.
u ount. while Bali a trom Ami
ilns with India
l

.„„
Tl

•

i

I

£17.000.

:u

tndl
p

w

is

i
•
.

D<

i]

•

i.i'-'.'iw

THE CHRONICLE.

538
The quotations

July

July

SILVER.

July

July

London Standard.

20.

13.

London Standard.

20.

13.

d.

tf.

s.

d.

77 9K
70 4'A
German gold coin, oz_a76 4M
French gold coin, oz.«76 4'A
Japanese yen, oz
a76 4'A

Bar

gold, fine, oz

U. 8. gold coin,

3,623

— "The CHANGE
National

3,163

—The Commercial National Bank of Omaha, Nebraska, was placed

for bullion are reported as follows:

GOLD.
<>/.---

s.

77
70
«70
076
a70

d.

27 6-16
27 1-16

Bar Hllvcr, fine, oz..
" 2 mo. delivery..
Bar silver, containing

9>A
4\{
4'A
4 'f

27 13-16
275f
27 9-16 27%
27« 27 7-16
29%
29 7-16
Norn.
Nom.

5grs.gold,oz
4grs.gOld, OZ
3grs.gold,oz

4>i

Cake silver, oz
Mexican Dollars

a Nominal.

The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
IMPORTS.
Forty-six weeks.

Imports of Wheat, cwt
Barley
Oats
Peas
Beans
Indiancorn
Flour

1904-05.

1903-04.

90.810,200
19.010.SOO
14,081,900

SI, 34 4,230

28,976,126
13,376,804
2,111,050
1,945,758
41,829,507
17,581,743

1,028,018
1.866,870

35,881,350
9,872.920

1902-03.
73.044.974
23,712,100

1901-02.
02.102,084

13.sii7.252

15, 191,711

1,600,108
1,400,521
30,303,742
17,157,333

1,858,539
1,706,206
40,024,012
17,952,603

20,29.5,820

|YOL. LXVXI.

OF TITLE OF NATIONAL BANK.

Exchange Bank of Dallas," Texas,
American Exchange National Bank of Dallas."

"The

to

LIQUIDATIONS.

voluntary liquidation July 22; to consolidate with the
United Slates National Bank of Omaha.
The Mechanics' National Bank of Boston, Massachusetts, was
placed in voluntary liquidation July 29; to be succeeded by
the Mechanics' Trust Company.
in

932

—

GOVERNMENT REVENUE AND EXPENDITURES.—
Through the courtesy

of the Secretary of the Treasury, we
are enabled to place before our readers to-day the details of
Government receipts and disbursements for the month of
July.
From previous returns we obtain the figures for previous months, and in that manner complete the statement
for the seven months of the calendar years 1905 and 1904.
For statement of July 1904, see issue of Aug. 6 1904, page 608.

RECEIPTS AND DISBURSEMENTS

(000 omitted).

Supplies available for consumption (exclusive of stock on

September

1):

Wheat Imported, cwt
Imports

90,810,200
9,872,920
13,498,141

of flour

Sales of home-grown..

Total

The following shows the quantities
maize afloat to the United Kingdom:
This week.
2,820,000
105.000
qrs. 1,020,000

Wheat
Maize

62,162,084
17,952,003
22,208,651

22,373,140

of wheat, flour

Last week.
2.835,000
110,000
925.000

qrs.
qrs.

1903-04.
3,005,000
170.000
1,060.000

and

1902-03.
2,185,000
285,000
1,130,000

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

The

London
Week ending Awj.

Sat.
Mon.
d. 27 3-16 27 5-16

4.

Silver, per oz

Consols, new. iy2 per cents.. 90^
Consols, for account
90j|
French Rentes (in Paris) fr.. 99.40

Anaconda Mining Co..
5%
Atch. Top. & Santa Fe
90
Ateh. Top. & Santa Fe, pref 105%
Baltimore & Ohio
118
Baltimore & Ohio, pref
101
Canadian Pacific
159%
Chesapeake & Ohio
57
Chicago Great Western
20%
Chicago Milwaukee & St P.. 186
Denver & Rio Grande
33
Denver & Rio Grande pref.. 88%
Erie, common
Erie, 1st pref
Erie. 2d pref.

48%
87%
77
xl76%

Central
Louisville & Nashville.
Mexican Central
Illinois

149^

22%

& Tex
29%
& Tex., pref
65%
Nat. RR. of Mex
38
N.Y. Central & Hudson
151
N. V. Ont.& Western
54
Norfolk & Western
89%
Norfolk & Western, pref... 96
Mo. Kan.
Mo. Kan.

Northern Securities
a Pennsylvania..

180

73%
54%
48
47%
32%
67%
34%

aReading.com
a Reading, 1st pref
a Reading, 2d pref

Rock

Island

Company

Southern Pacific
Southern Ry., com
Southern Ry., pref

Union Pacific, com
Union Pacific, pref...
U. S. Steel Corp., com
U. S. Steel Corp., pref

a Price per share.

6

Thwrs.

27H
90K
90%

101

160%

56%
20%

87%
77
150
22
30
66

23%
29%
66
39%

38%
53%
89%

73%
54

48

48%
47%
32%
67
34%

47%
32%
67%
34%
101

185%

32%
89
48

76%

29
05
39

29
65
39

152
23V4

151U

150%

54%

54%

89
96
180

89
96
179

73%
53%
48%
47%
31M
66%
35%

101

73%
54%
48%
47%
32%
66%
36%

101

101

133%

134%

101

36%

101

36%

106%

106%

20
42

20

20

20

September account,

87

22%

106%

41%
72%

48%
175%

100%

73%

32'A
89

76

100%
133%

36%

56%
20%

175%
149%

73%
53%
48H
47%
32
66%
34%

101

118

86%

54%
88%

100%
134%

36%

184%

33

96
180

54

101%
160%

89%
47%
86%

151

96
180

73%

105%

39

54%
88%

96
180

105%
117%
101%
159%
56%

29%
65%

150%

151

5%

89%

20%

76
176
150
23

179%
149%

179%

101

56%
20%
185%

33%
89%
48%
86%
76%

48%.

134%

101
159

56%

99.50

6'

117%

21
186

186
33
89

90 3-16
90 5-16

99.45

105

Fri.

2VA

89%

89%

105%
117%
101%
159%

118

101

20
Wabash, pref
42
Wabash, Debenture "Bs"... 73

Wed.

27«

89%

105%

134%

106%

Wabash

90«

101

36%

Tues.

27U

90 7-16 90J|
90H
90^ (6)90 9-16 90%
99.55
99.52% 99.45
6
6
5%

41%
72%

36%
107

20

41%
72%

41

72%

x Ex-dividend.

Commercial and ptxscelUiucous|>ciUB
NATIONAL BANKS — The
banks

is

following information regarding national

from the Treasury Department:
July 24 1905

to

Men. April. May. June.

Feb.

Internal revenue.
Miscellaneous

Total receipts
Receipts 1904

Capital, $25,000.
Cashier; Seymour

Vice-President.

Total 7
m'lhs.

July.

ssssss

1905—

Customs

$

$

22.304 21,582 24,003 20,041 19,65922,565
17,299 16,715 19,501 17,300 19,961 20,802
3,807, 0,311, 2,764 2,437 4,139 4,584

21,590 151,744
21,089 132,667
6,594 30.636

43.410 44.608 46.268 39,778 43,759 47,951

49.273,315.047

I

!

!

|

Customs

21,19020,79423,71121.07618,85122.591
16,40818,00818,30117,49518,657 21,101

19,484 147,697
20,234 130,384
3,930 7.033 2.689 2,959 4,180 4,524,
7,008 32,383

Internal revenue
Miscellaneous

Total receipts...
41,588 45,895 44,76141,53041,688 48,216 46.786,310.464
Disbursements 1905
Civil and miscellaneous 14,573 9,65510.85415,46311,209 9,110 a21,910 92,774
War9,901! 7,704 10,273 8,324 8,968 6,824! 12,686 64,740
Navy
9.181 8,088: 9,778 9.882 9,438 8,481; 10,755 65,603
Indians
1,5141 1,334 1,686 1,045 1.120
845
9,192
1,648
Pensions
10,289 13,01312,31510,31113.848, 9,656 12,101; 81,533
Interest
4,170, 1,607]
389 3.965 2,136
373
4.029 16,669
Total disbursed
49,628^1,461.45.295 48,990 46,719 35,289 63,129!330,511
Disbursements 1904
Civil and miscellaneous 15,30010,75311.16914,46359,474' 8, 521^16,564' 136.244
War
9,276 7,702; 8,955 8,87310.577 7,829 <zl8,484 71,696
Navy
8,553, 7,775 8,879 9,403 9,405 8.949 12,164 65,128
772 1,135
656
610
901
806
Indians
957
6.837
Pensions
10.25213,57411,824 9,68913,94510,404! 12,055 81,804
Interest
222 3.972 2,116
428:
3,970 16,642
4,219, 1,716,
:

Total disbursed
Nat. Bk. Redemp. FundReceipts 1905
Receipts 1904

Disbursed 1905
Disbursed 1904

48,372[42,655 41,705 47,010 96,418 36,997

1,814 1,990 2.412
4,608 3.629 2,813 2,861

64,194,377,351
1,493

12,587
18,139

1,789 1,317 1,504 1.618!
3,050 2,985 3,303 2,887 2.827 3.045,

1,293
2,799

12,631
20.896

3,011. 2,099

a Includes expenditures
and $4,716,822 In 1904.

956

1,479 2.495
1,881
854

1,441

works which were $6,251,032

for public

In July 1905

—

Note. Total disbursements under "Civil and Miscellaneous" In 1904 Include
$54,600,000 paid on account of Panama Canal and loan to Louisiana Purchase
Exposition Company. The last Instalment of the loan to the Louisiana Purchase
Exposition Company was repaid to the Government on November 15 1904.

TREASURY CURRENCY

HOLDINGS.—The following
compilation, based on official Government statements, indicates the currency holdings of the Treasury on the 1st of June,
July and August 1905. Statement for corresponding dates in
previous year will be found in our issue of August 6 1904, page
609.

TREASURY NET HOLDINGS.
June

1905.
S
216,635,551
32,264,348
70,659
13,989,705
15,247,470
13,451,530
960,881

Aug.

Total cash in Sub-Treasuries.. 289, 248, 071
Less gold reserve fund
150,000,000

292,620,144
150,000,000

301,034,309
150,000,000

Cash balance in Sub-Treasuriesl39,248,071
Cash in national banks
78,457,793
Cash in Philippine Islands
3,739,479

142,620,144
76,560,862
4,028,464

151,034,309
65,715,119
3,972,622

Net cash in banks, Sub-Tr.,etc.221,445, 343
liabilities. a
90,303,965

223,209,470
80,719,147

220,722,050
90,856,319

Availiable cash balance

142,490,323

129,865,731

Holdings in Sub-Treasuries
Net gold coin and bullion

—

Net silver coin and bullion
Net U. S. Treasury notes.
Net legal-tender notes
Net national bank notes
Net fractional silver
Minor coin, etc

1 1905.
$
218,172,921
28,341,182
33,709
14,396,323
13,968,127
13 503 ,978
831,831
,

131,141,378

July 29 1905.

7,840— The First National Bank of Ovid, New York.
M. S. Sandford, President; Patrick Savage,
Horton,

Receipts

Jan.

Deduct current

NATIONAL BANKS ORGANIZED
Certificates Issued

000 omitted.

1901-02.

.114,181.261 115,455,768 112,575,447 102,383,338
..
32s. 2d.
28s. 3d.
30s. lid
26s. 6d.
..
26s. Id.
27s. lid'
30s. 8d.
27s. Id.

Average price wheat, week
Average price, season

Flour, equal to

1902-03.
73,044,974
17,157,333

1903-04.
81,344,236
17,581,743
16,529,789

1904-05.

Juhi

1

1

1905

$

224,372,884
30,254,962
41,425
15,249,241
17,222,511
13,070,177
823,109

a "Chiefly disbursing officers' balances."

BANK NOTES— CHANGES

IN TOTALS OF.

AND

IN

— TheW.Neoga National Bank, Neoga,
DEPOSITED BONDS, ETC.— We give below tables which
Capital, S25 000
H. Hancock, President; Wm. T.
Vice-President; show all the monthly changes in Bank Notes and in Bonds
L. A. Osborne, Cashier.
Legal Tenders on Deposit.
The statement for July 1904
7,842 — The First National Bank of Milburn, Indian Territory
Capi- and
$25,000. Jas. R. McKinney, President; T. E. Pendleton
will be found in our issue of A ugust 6 1904, page 608.
Vice-President; T. F. Allen, Cashier.
7,843 — The
National Bank of Hampton, Iowa
Capital
Bonds and Legal Ten7,841

Illinois.

Miller,

tal,

Citizens'

T. J. B. Robinson, President; N. W. Beebe ViceW. L. Robinson, Cashier; Chas. Krag, Assistant
Succeeds Citizens' Bank of Hampton.
The St. John National Bank, St. John, Kansas. Capital
$25,000.
R. B. Temple, President; George Sill, Vice-President; J. D. Stewart, Cashier.
Conversion of the St. John
$100,000.
President;

7,844

—

Cashier.

State

1904-05.

Legal-

Bonds.

lenders.

tenders.

Total.

Bank.

First National Bank of Hendricks, West Virginia
— The$50,000.
Capital
Bishop W. Jennings, President; Lewis C Dyer'
Vice-President;
Cashier,
7,846 — The First National Bank
McCumber, North Dakota
Capi,

of

H

tal, $25,000.
David N. Tallman, President: David
Beecher and Napoleon B. Felton, Vice-Presidents; F. E. Wood
Cashier.
First National Bank of Pocahontas, Virginia.
Capital, $35 000
W. R. Graham, President; Jas. H. McNeer, Cashier.

7,848- -The Hamilton National Bank of Chattanooga, Tennessee
Capital, $250,000.
T. R. Preston, President: H. T. Olmst'ead and
G. H. Miller, Vice-Presidents; C. M. Preston, Cashier; C. L
Knoedler, Assistant Cashier.
7 ?49 Berkeley National Bank, Berkeley, California. Capital, $100,000. J. W. Richards, President; Benjamin Bangs and Jno
U. Calkins, Vice-Presidents; W. M. Roberts, Cashier. Succeeds University Savings Bank of Berkeley.

—

Circulation Afloat Under.

Legal-

Bonds.

7,845

7,847-

ders on Deposit for
Bank Circulation.

$

Julv 31...
June 30...
May 31...
April 30...
Mar. 31...
Feb. 28...
Jan. 31..
Dec. 31...
Nov. 30...
Oct. 31...
Sept. 30 ..
Aug. 31...

476,938,290
468,066,940
461,150,290
452,855,790
449,009,890
441,788,140
439,529,040
433,928,140
431,075,840
426,544,790
424,701,490
419,683,940

$

624 471 615,771 32 ,355,624
392 461' 669,414 33 ,050,392
420 456 239,096 32 .OS.s, 120
179 449 147, 766132 ,097,179
766 444 870,179 31 ,078,766
756 43S 370,084 30 ,833,756
952 435 807,901 31 ,614,952
32,952. 371 431 841,785 32 952,371
32,731 5701 427 947,505,32 731,570
32,750 919 1424 530,581 32 750,919
34,064. 693 422 014,715 34 064,693
35,136, 473, 417 380,300 35 136,473
32,355
33,050
32,088
32,097
31,078
30,833
31,614

1

1

•

503,971,395
495,719.806
488,327,516
481,244,945
475,948,945
469,203,840
467,422,853
464,794,156
460,679,075
457,281,500
456,079,408
452,516,773

II

For full explanation of the above table see the issue of
Dec. 14 1901, page 1232, first item in Financial Situation.

—

..
.

//<"<"

U.S. Bonds
Bonds on l>
July3\ 1905.

'/('(
Public

July 31 1905

—

Secure—

to

Bank

Deposits
DCVOS

Circulation.

in Ii auks.

Total Held.

—

Receipts at

4 percts., funded, 1907
4 per >i-.. 1895 due 1925.

3 percts. .'98 due 1908 is
2 per cts., 1900 due 1930.
Hist, of Col., 1924
iian Islands bonds.
Philippine Loan
Railroad and other bonds

(1, 10,".. 300
40,629,900
1,321,000
S75.000
4.041.000

J.

S14.I97.IOO
it, 000

10,900
16,700

IS

-

II

4,257,

io

i

IHiluth

S47ti,93S,-J9()

Cleveland

Kansas City
Tot. wk.n:,

same uk.
Same «k.

—

348.205
340
272.305

"04
'08

$495,719,806

1

Total receipts of flour and grain at the seaboard ports for
week ended July 29 1905 follow:

Ball imore

$503,971,395

deposit to redeem national
notes July 1 1905
deposited during July..
of bank notes redeemed in July

notes Aug.

$33,050,392

$959,498
694,768

1,654,266

redeem national bank
$32,355,624

1905

1

The portion

of legal tenders deposited (I)

by banks becom-

by banks going into voluntary liquidation,
by banks reducing or retiring their circulation, was
as follows on the first of each of the last five months.
ing insolvent, (2)

and

(3)

Total week

—

Deposits by
Insolvent banks,

May

1.

June

1.

July

1.

Aug.

1.

o/—

Total

31,078,766 32,097,179 32,088,420 33,050,392 32,355,624

_ a Act'of June 20
I

I

1

THE COUNTRY.—

—

Aug.

Held in

Aug.

1

503.971.395

17.222.511

486,748.884

432,701.873

2.901.791.907

296,889,606

2,604,902,301

2,546.589,503

Gold certificates
Standard silver dollars

559,039,217

Silver certificates

Subsidiary silver

Treasurv notes of 1»90
United States. notes..
Currency certificates .
National bank notes.

1905.

Railroad< (Steam).
Maine, com. (quar.)
<fc Maine, prcf
Chi. St. P. Minn. A Om.. rora.

Boston
Bo«ton

&

Oct.
Sept.

Aug.

prcf..

Sept
Sept
Sept.
Oct.

rig. iruar. (quar.)
.

-cet

bett. (quar.*).
pref. 'quar.j..

ir.

.''1

ran.(mthly)

26c.

Aug.

rooklyn ..

Twenty-the
Trust Companies.
Klr.^s

'

n (quar.)
II

Ami

Holders
Holders
21 Mulders
Holders
1
Holders

of
of
of
of
of

1

1

1

Ml'.'.

I.

In

24

rec.
rec.
rec.
rec.
rec.
to

Aue.

1

Ulg.

1

Aug.

1

July 28
July 21
July 29

Aue.

1

July 26

Ml'.'.

:;i

Ho

to

Aue.

ur.).

15
1

.MIL'.
>

'.'£.,

d Also declare

i

to

Ml'.

ft

Ml.'.

16

to

16

t.,

11

to
to

20 Sept.
I.i
Mi".

22

18

prcf. (quar.;
1 dry. pref. (quar.)

Air.'.

Aug.
Aug.
Aug.

15
::i

MIL'.

July

H

196,906

Flour,

Oats,

Rye,

bbls.

bush.
1,415

bush.

100
1,578

12

519,748
135,628
47.142
95,171
4,902
176,122
12.873

29,935
2,857
14.035
2,762
3,053
18,619
2.429

30,195
750

991,586
293.894

73,690
157.281

34,038
159.838

Peasbush8,529

Parley,
bush.

24,956
18.973

180

12

8,709
11,767

43,929

6.276

of these exports for the

•

•

•

week and

since

as below:

1 is

!

Exports tor week
since July

1

to

July

Week.
July 29.

—

Week

July

July 29.

1905.
bush.

hush.

bbls.

Week

Jvlv

July 29.

1905.
bush.

I

bush.

1

908,329 568,809 1,508.546
168,010 391,414 1,927,847
7,494
27.920
130,540
23,869
300
5,932

116,171 240,748
66,611
60,000
54,653
68,980
3.298
15,694

~73,690
157.281

Since

Since
l

1905.

bbls.

Corn

Wheat

Flour-

•

Since

Oct.

"

325,407 300,748 1,076.345 991,586 3.601,085
510.664 775.282 2,250.772 293,894 2,052,039

An;;.

i

1

1

bush

Parley
hush
22,000

Rye.

Oats.
bush.

hush.

685.000

146.000

,

341,000

'i

T.666

112.000
12,000

131.000
547.000

SO',666
77.01)0

49,000

Montreal
"ninto
I

13 oiio

1

leans

iton

July 31

Corn.

bush
183,000
'

.

Philadelphia
Baltimore

1

Wheat.
afloat

Boston

9,000

53,

41,000
l.'C. 000
16.000
480.000

289.666

214.000

344.666

1.022,000

385,666

440.000

130,666

163,060

Vi.666

1.666

7*4.666

1.312,666

2,760,006

97,666

"1*2*666

10,000

11,11110

85*666

afloat

Aug. 21
to

I

afloat

Detroit
"
afloat

Am:.

ir,

kgO

16

"

2*666
71.000

1,000

3.666

Yo.666

"57.666

6,000

oT2*666

9*3*666

6*7*666

385,000
260,000

21,000

afloat

ukee

Aug.

-'1

I

"
afloat
William
Arthur

i

It

6
to
Ml*. 12
to
Holders of rec

"

2,407.0110
605,

Duluth

207
afloat

Minneapolis
Loull

...

St.
i

01)11

17,000

885*666

101 OIMI

79.000
3.000

afloat

&

Kansas City
Peoria
Indianapolis

Son:

.-,

I

12

A Bureau Val.RB
Corn Exch. Hank
Peo.

Co. 200

375

I

$1,000 Columbus Gas Cm.
5s, 1932
•

.'..

,

mi MiwLwippi River
On Lakes

Stock*.

100 Wor,
metery
"..$100 lot
„. „ ot Ml
2. Farmers' Loan: A Tr
dty Corp
100
50
nite
\ it Bull
90
.10 Mechanics Bk.of Hrooklvn 250
:

19,838

Total week
300.748
time. 1904... 775.282

11

Holi

Auction Sales.— By Messrs. Adrian H. Muller

'

bush.

84,004

New York

16 Sept.

Sept
Sept.

Corn,

bush.

Same

A ML'. 26

Ug.

Aug.
Aug.

'quar.) ..

I>.

to
to
to

rec
to
to

i.i.

-

;oar.j

Iron

Wheat,

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, July 29 1905 was as follows:

15 Holders of rec. Aug." 10

I

*

103.990,441

Buffalo

tr.)

1

162.428.798

30,717
12,060
S o. and Cent. America
16,569
West Indies
11.399
Brit. No. Am. Colonies...
1,588
other countries
1,357

ineovs.

(qu

I

86.412.893

United Kingdom

Days Inclu

1

com. (quar.)

Wctabach Co

bush. 110.991. 598

Books Closed.

•

Amfrl'-an Radtt
Anvil can

64,471,933
11,501.403
24,716.644
1,503.659
1,796,802

The destination

lljnks.
,r.)

compare

57,446,835
68,511.883
31,204.902
2,269.706
2.995,472

I'hiladelplha

Raiiwa>5.

Cal.Gas AElec.i

to July 29

25,600,407
34.009,361
24.597.309
1. 686,563
519.253

Total
Total 1904

When

1

bush. 14,318.446
bush. 65,323.059
...bush. 26.901.343
bash. 4,246,835
201.915
bush.

—

Baltimore
New Orleans
Montreal
Mobile

eminent

Payable.

Orleans for foreign ports on

1902.
11,559.695

Boston

and

Per

...

4

New York

644,112,980
500,864, 129
70,581.561
459,521,910
94,577.050
12,550,766
331.679.234

Cent.

1.965
2.278

The exports from the several seaboard ports for the week
ending last Saturday are shown in the annexed statement:

1904.
S

_.

Company.

of

New

08,845
13.957

1903.
12,092,419

Total grain

$
650,616,580
493,437,879
73.586,898
458,518,951
101,437,759
9,123,575
331,431.775

DIVIDENDS.
Xame

967.353
735.505

1

114,507.936
9.165.000
346.681,016

$
Gold coin and bullion. 1.368,427.343

Total..

—

Treasury.
S
199,398.794
24,974,090
19,302.319
7,631.049
13,070,177
41,425
15.249.241

States.

Rye

Exports irorn

STOCK OF
IN
The following table shows the general stock of money in the country,
as well as the holdings by the Treasury, and the amount in
circulation on the dates given.
The statement for August 1
1904 will be found in our issue of August 6 1904, page 609.
— Stock of Money A ug. 1 1905
Money in Circulation
In united

1,472.603
599.749

1904.
10,517,745

bbls.

I

1874 and July 12 1882

MONEY

34*933
750

1905.
5,795.567

Flour...

Barley

$
$
$
$
127,354
206,189
161,139
150,037
1S8.607
Liquidating bks, 13,957,635 14,407,761 14,185,059 15,713,001 15,286,256
Reducing under
Act of 1S74. a 16,932,524 17,562,064 17,697,172 17,176,252 16,919,331

1,965

1,400

371,881
12,873

Total receipts at ports from January
as follows for four years:

Corn
Oats

1.

I

I

66,965
93. SO,",

a Receipts do not include grain passing through
through bills of lading.

Receipts

bush.

107,442
27.858
88,000

10,900

991,803
1,144.800

166,570
224.099

Week 1904

Pye.

bush
44.300
18,945
5,600

17.1,00

19,279

57,500
26,400
296.014

Parley.

hush

lis. 527

21,528

10,437
2,429

Wheat.
April

Legal Tenders.

127.2 IS
1

280, (ISO

Oats.
:,

bank

Amount
Amount

deposit to

bush.

803,025

228,58

(ialveston

Montreal
Mobile

Amount on

Amount on

Orleans. a

Corn,

hush
139. 200

bbls.

74,095
22,145
22,091
22,605
2,350
10,418

Boston

New

Wheat.

Flour,

—

New York

Philadelphia

1905

87,809
94.22 1
95,184

the

8,251,589

d-Tenilcr Notes —

2, 171), His

1

Richmond
notes afloat Aug.

523,278
292,242
226,288

4,021.330
2.049.117
3.374.312

3,207.701
2,770.185

7.285. Oils

4,621,977
3.919,346

Receipts at

$10,524,848
2,273,259

Rye.

1

—

issued during July
retired during July

Barley.

Since Aug.
1004-06... 17,060.868 218,646,796 191, 70S. ssi 165.636.347 65,870,686 6.671.652
1003-04.
10,259.953 220.288.126 171.474,053 15S.933.00S 05,40:1.498 7.749, 5s5
1002-03... 20.512.563 248,809,963 166,2
192,151,97 55,835,643 8,392,250

curity for deposits $73,754,300.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposits July 1
and August 1, and their increase or decrease during the
month of July.
Total afloat
<nal Bank Notes
Amount afloat July 1 1905

..

l.ouis

St.

$546,735,590

The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks. There were
held on July 31 $3,957,000 bonds, making the whole
amount at that date in possession of the Government as se-

.

Detroit

l.oil ,000

Oats.

i

1

Minneapolis
rolodo

2,918,500

Corn.

Wheat.

bush Mi lbs. bush. 56 lbs. &».vA.32 Ihs. bush.is/hs. bU.bCtlbs
62,0110
1,91 1,800
169,780
127,488
1,602,810
1,940,250
128 700
14.100
65,600
9,600
105.000
89,760
34, 128
3,378
16,680
2,469
312,470
3. MO
1,099.150
69,600
131,420
83.000
11,500
5.000
54,010
32,368
116,968
56,289
72,145
180,430
I 162
i.i
1,310.953
98
349,125
1,760
6.000
40.765
i.i,
389,200
10.800
96,200
2,400
15,750
144,000
2,888,000
869,000

Chicago
Milwaukee

876

IS..-,oo

Hjiir.
bbls.

1,321,000

$69,797,300

Total

$22,858,000
9,639
10i362,740
494,719,650

164.089,750

.->:i9

Breadstuff s
Figures Brought from Page 671. The
statements below arc prepared by us from figures collected by
The receipts at Western
the New York Produce Exchange.
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the lasl three years, have been:

following shows th<- amount of eacn class of bonds
national bank circulation ami to scenic public
against
held
moncvs in national bank depositories on July 31.

The

Amount bank

.

THE CHRONICLE.

A.T7G. 5 190.5.1

Amount
Amount

.

.

!

la<

8

•

On

1905. 13,364 000
1908
1.875 oixi
190
1903. 13 415.000
'.ug. 2 1902.21.07:1.000
1

I

i

:n

i

ion

0OO

405. (KM)
2 1.000

Canal and River.

Total July 29
ruly22
Total July 30
Total Auk'. 1

89 ooo

)

649.966

181

100.000

161

5.311.000
5. I'll. ooo
5

H 19
,

7.'281

710.000

4. 808. 000
n ooo

OOO
nun

;

,

2.375

iiiiii

I

mm

().-,

148,01 XI
.'71

000

1.15.000

THE CHRONICLE

540

Banks,— Statement

New York

City Clearing Honse
oondition for the week ending July

age of daily

29, 1905,

of

based on aver-

results.

We omit two ciphers (00) in

all cases.

New York

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

is

summary

a

We omit two ciphers (00)
Capital

BANK<v

Surplus.

Capital.

Loans.

Leyals.

Specie.

\Depo8iU Be-

00a omitted.

Bk. of N. Y.

Co
Merchants'
Mechanics'.
Manh.-it.

America
Phenix
City

Chemical ..
Merck. Ex

.

Gallatin

....

& Drov
Mech.&Tra.
Greenwich
Amcr. Exch
Commerce..
But.

People's

...

...

N. America

Hanover

...

Irvine
Citizens'

..

Nassau
Mar.cfe Fult.
8hoe.fcJ.thr

Corn Exch
Oriental

.

...

N.Y.Nt.Ex.

Bowery

...

N. Y. Co..

German Am
Chase
Fifth Ave..

German Ex.
Germania

..

L.135,5
8,468,4

3,847,5
218,8
17,480.7
7,688,7
365,8
2,234,4
119,9
372,9
554,8

3*00,0

First

ham

2.604,3
2,559,8

2,000,0
:;, ooo.o
1,500,0
1,000,0
26,000,0
300,0
600,0
1,000,0

10,000,(1

Glial

4,20ii,0

12,113,0
4,371,9
630,4
1,045,5
429,7
2,021,8
0,001,5
1,088,5
034,4
315,2
1,385,8
429,1
3,301,0
1,114,7
6,718,9
7,324,7
109,0
3,015,9
1,619,4
15,914,3
883,1
771,0
729,5

1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0

54(3,4

4,399,5
1,769.5
728,6
876,8
1,42^,6
1,287,7
418,5

300,0
Garfield
Fifth

Bk. of Met..

West

Side..

Seaboard

..

latN.Hklyn
Liberty

N.Y.Pr.Ex

New

Amst.

As tor

1,000,0
250,0
1,000,0
200,0
500,0
300.0
1,000,0
1,000,0
500,0

1,481,1

659,6
1,471,9
625,3
2,038,0

484,6
580,9
594,6

350.0

Total

...

3

$

$
2,ooo,o
2,050,0

Imp. & Tratl
Park
East River
Fourth
Second

Mercantile

18.915,0
26,276,0
14,441,1
22.118,0
25,517,2
5,372,0
200,515,9
25,50 1,1
6,069,0
8,675,3
2,102,4
4,972,0
3.960,5
28,995,0
162.39 l.c,
23,002,2
3,539,7
6,124,0
2,232,2
15,600,3
49,247,9
7,302,0
16,288,3
3,319,5
6,840,5
6,364,0
31,915,0
8,884,3
24,345,0
72,501,0
1,262.5
21,630,9
9,628,0
110,576,5
8,852,4
'3.310,0
5,029,2
4,355,6
50,180,5
9,951,9
2,929,8
2,646,9
12,^80,5
7,323,1
2,517,4
9,185,1
4.0*8,0
14,487,0
4,441,0
11,509,2
5,365,9
5,776,0
4,3s0,0

$

$
3,197,0

1,680,0
19

-,"

8,2

2,

2,999,9
8,620,0

1,596,2
2,260,0
2,489,3
289,0

P.O.
$
18,839,0 26-5
32.48. .0 32-9

18,060,1

-'!>

-4

22,910,0 2.1-1
28,770,8 26-6
4,499,0 .'0-4
1,019,1 207.611,8 28-2
2iv6
1,876,5 24,21
636,0
6,825,4 J 0-8
600,7
6,82 1,0 26-4
2,748.* 23-8
64,9
5,010,0 24-3
602,0
433.7
4.201,1 i5-o
2,062,2 22,798,1 J 0-9
13,2,0.0 150,462,3 .'.;()
1,421,3 20.131,8 6*2
443,0
3,888,1 206
978,3
6,226,6 J 0-2
079,0
2,748,1 29-6
1,840,7 14,302,1 23-3
5,550,3 57,01':;. 249
534,4
6,894,0 24-2
2,192,3 20,515,4 Jb-6
425,4
3,879,1 J3-4
647,7
7,140.* 301
376,7
8,751,0 26-6
4,492.0 39,259,0 J.) -2
422 2
9,325,5 2 3
1,362,0 21,922,0 25-5
6,860,0 85,679,0 27-6
199,3
1,442,3 24-8
2,605,4 25,051,4 26-4
1,877,0 10,550,0 23-6
2,563,6 106,398,0 lo-Z
520,0
8,526.0 iii'i
238,0
3,715,0 20-2
454,5
5,933,4 22-9
4,219,1 22-8
191,8
1,928,5 59,793,6 253
402,5 11,191,6 26-0
890,0
3,742,2 29-2
644,7
5,379,7 20-7
2,728,1 14,132,6 2b -6
244,7
7,299,5 250
145,9
2,642,0 27-0
726,1 10,741,3 23'9
344,0
4,624,0 24-7
1,698,0 17,195,0 26-9
851,0
4,924,0 30-0
250,0 10,233,3 27 -8
436,4
6,160,1 261
794,6
6,803,8 23-4
262,0
4,280,0 2o8

5,105,,.

1,037,0
47,6
4.315,7
1,194,6
1,170,3
592,1

1

762.0
655,3
4,077,0
24,471.;

8,861,9
359,0
658,6
136,7
1,497,:;

8,850,9
1,138,4
3,070,2

1

485,-'

1,508,5
1,966,0
5,436,0
1,727,1
4,242,0
16,830,0
160,2
3,878,0
614,0
24,292,1
1,636,9
513,0
009,0
773,2
13,335,4
2,518,0
205,0
468,1
888,7
1,584,8
570,2
1,843,7
799,0
3,041,0
027.0
2,547,6
1,192,0
813,6

845,0

115,972,7 139,492.8 11448474 224,830,7 90,411,5 11997449 26-2
t

t

Total United States deposits included, .$8,456,900.

Reports of Non-Member Banks.

—The"

following

is

the

statement of condition of the non-member banks for the
week ending July 29, 1905, based on average of daily results.
We

omit two ciphers (00) in all

Loans &

BANKS.

Capi-

/Sur-

00s omitted.

tal.

plus.

NT.

HANK* BwrplAU

Loans.

Specie.

Leg. 1.

N. Y.
J'ly 8
J'ly 1
J'ly 22
J'ly 29

Man&Br'nx
...

Chelsea Ex.
Colonial

Columbia

..

$
100,0
100,0
100,0
100,0
300,0

Consol. Nat. 1,000,0
Fidelity
200,0
14th Street.
500,0
Hamilton .. 200,0
Jefferson ..
400,0
Mt. Morris
250,0
Mutual
200,0
19th Ward . 200,0
Plaza
100,0
Biverside ..
100,0
State
100,0
12tk Ward . 200,0
23d Ward..
100,0
Union Exch 750,0
United Nat. 1,000.0
Yorkville ..
100.0
300,0
Coal & 1. Nat
Metrop'lit'n l.ooo.o
84th Street. 200,0

Borough

CircuClearinr/s.

lation.

1

:

1

1

!

Huh.
J'ly 15

4'.', 139,
191,671,0
42,139,6 193,52 7, (I
42,139,5 193,034,0

jay 22
J'ly 29

19,194,0
19,1.17,11

18,453,0

6,677.( 232,933
6.963,0 227.19 1,0
7,058,0 223,052,0

$
146,5
68,6
67,6
291,9
367,4
1,055,1
120,0
60,8
139,7
366,8
125,7
244,1
203,8
265,5
107,2
880,9
133,0
116,8
577,1
163,0
302,3
212,7

47,900,0 221,031.0
47,960,0 220,73 -.O
47.90,1',!, 220,895.0

64,811,0
66,498,0
07,597,0

20,0,0

205,0

3,180,1
6,051,0
3,910,4
796,2
4,443,9
4,121,6
3,054,9
2,618,2
3,347,7
2,427,5
3,560,0
1,491,0
9,046,0
2,034,0
1,636,0
6.227,5
2,195,6
2,017,8
2,637,7
2,907,1
1,190,6

$

21,0
26,6
37,6
68,3
297,0

428,5
17,7

173,3
237,1
8,5

145,3
27,6
27,7

144,0
13,6
556,0
37,0
54,5
93,0
243,1
45,3
454,0
155,4
262,9

20,.',,

129,520,7
125,130,7
121,011,9

500.il 12,775.0

t Including fur Boston and Philadelphia the Item "due toother banks,."
and al.so Government deposits. i-"or Boston these Government deposits
amounted on July 29 to $1,431,000; on July 22 to $1,388,000.

—

Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
July 27 and for the week ending for general merchandise
July 23 also totals since beginning first week January.
;

FOREIGN IMPORTS.

'

For week.

1905.

General Merchandise
Total.

Since Jan.

1904.

1903.

1902.

$2,606,737
7,704.939

$2,305,444
6,397,668

$2,440,323
9,552.901

$2,406 640
7.944,309

$10,311,676

$8,703,112

$11,993,227

$10,350,949

$80,470,161
323,026,250

$69,673,303
271,486,929

$78,328,577
271,54 0,432

$71,506,058
217,723.070

1.

Dry Goods
General Merchandise
Total 30 weeks

$403,496,411 $341,100,232 $349,875,009 $319,229,128

of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 31, and from January 1 to date.

The imports

in

NEW YORK

EXPORTS FROM
For the week
Previously reported..
Total 30 weeks

FOR THE WEEK.

1905.

1904.

1903.

1902.

$10,137,460
295,772,673

$8,361,276
269,718,365

$9,408,764
284.174,538

$7,003,578
270,906,772

$305,910.133 $278,079,641 $293,583,302 $277.910,350

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

The following table shows the exports and imports of
specie at the port of New York for the week ending July 29
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.

EXPORTS AND IMPORTS OF SPECIE AT
Gold.

Deposit with

Week.

NEW YORK
Imports.

Since Jan.

1

Week.

Since Jan. 1.

Net
Notes.

$

7,707,1)

262,986,0 12,738,0
J62,7«7,0 12,728.0

Exports.

Specie.

$
738,0
924,5
580,7

15 7,077,1
112,531,5
131,43*,4

7.717,0

I'liiln.

J'ly 15
J'ly 22
J'ly 29

Clear' ti

Other

Deposits

Agent. Rks.&c

Great Britain

24.1

33,8
18,3
292,6
227,0
68,4
37,2
213,7
158,1
135,8
95,2
286,9
229,2
180,0
111,5
278,0
198,0
100,-,

308,9
60,1
242,9
325,1
50,8
39,0

$
92,8
46,8
42,0
363,7
486,0
332,1

$
51,1
56,9

240,5
3,7

25,0

65,2

324,7
94,6
253,4
223,8
241,6
070,0
469,0

5,0

310,0
175,8
56,2
66,6

$
629,7
843,8
678,8
3,840,9
6,428,0
2,318,6
765,8
4,945,4
4,638,1
3,118;2
3,252,8
3.542,8

24,4

o.rjo,;)

70,7
85,5
165,0 1,299,0
168,0
85,0
108,7
180,8
723,5
200,0
82,4
185,7
215,0
647,5
80,4
147,7
761,3
106,6
60,8

4,002,0
1,637,9
10,652,0
2, 538,0
2,054,5
6,394,0
1,239,2
3.051,7
3,698,2
2,794,3
1,269,4

-5

6

5,119,621
71,300
7,250,000
8.000

9,116
4,936
33.6HO
3,559

472,066
182,438
914,103
109.009

$5,000 $37,686,947
64,472,900
3,000
2,300
32,806,301

$51,216
30,392
20,797

$6,274,729
6,391,379
3,660,295

$449,894 $17,216,466
538,335

$6,747

12,892
109,981
4,000
687,499
9.057

23,879
70,621
4.207

$12,566
20
54,646
857,79*
1,206,933
19,804

:

Total 1905
Total 1904
Total 1903
Silver.
Great Britain

France

$5,000

Germany
West Indies
Mexico
South America
Total 1905
Total 1904
Total 1903

$449,894 $18,578,830
797,915
24,764,877
428,355
19,335,533

1,248

$106,702
88,053
64,254

$2,151,663
577,998
1,002,888

Of the above imports for the week in 1905, $200 were
American gold coin and $5,455 American silver coin. Of the,
exports during the same time, $5,000 were American
gold coin and
were American silver coin.
Auction Sales.

of

$330,922
4,266,136

$1,500
25,236,520

Germany
West Indies....

Boroughs of
Century

DepotltsA

Legals.

$
$
$
9
255,466,6 11164585 210,071,8 86,562, * 1683051 48,859,9 1,099,689,1
266,465,5 L073081 220,102,1 89.115,7 1690182 19,157,1 1.722,5911,1
177.19-2
255,465,5 L263667 220.190,6 89.109,1
1,439.283,3
255,105,5 11448474
90,411,5 11907440 48,804,6 1,402,125,7

cases.

Y. CITY.

Wash. Hgts

in all t/i?se /i'/ures.

-I

I've.

700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000.0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0

.

[Vol. lxxxi,

—See page preceding.

Brooklyn.

Boroush ...
Broadway .
Brooklyn

..

Mfrs.'Nat..
Mechanics'
Merchants'.

Nassau

.Nai

Nat. City

North

..

Side.

17th Waril

Union
Wallabout .
Jersey City
First Nat...

200,0
150,o
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0

106,2 1,954,8
362.2 2,600,4
109,5 1,699.4
607,8 3,667,0
530,9 10,081.7
77,5 1,716,2
806,2 5,093,0
598,4 3,450,0
183,8 1,328,0
199,8 1,761,4
712,4
98,4
184,'.'
3,178,6
925,3
102,6

24,4
14,1

133,1
188,9

110,8
291,7
349,7

64,9

11,2

219,0
152,0
21,4
78,8

152,4
426,7
340,7
594,7

150,7
865,9 1,271,8
125.0
173,3
507,0 1,309,0
322,0
557,0
94,8
53,0
134,8
308,9

11,5

56,7

75,5

132,2

200,0
39,3

316,0
50,0

67,2

119,4

2,173.4
2,890,1
49,0 2,000,6
399,8 4,622,6
247,5 12,293,2
87,1 1,981,9
5,895,0
306,6 4,235,0
389,5 1,688,8
112,0 2,185,5
159,9
840,9
912,8 4,356,5
148,1 1,046,7

400,0 1,118,7

4,457,6

168,3

250,0
250,0
200,0

663,4
122,4
3ul,4

2.311,4
900,5
1,537.6

93,8
61,6
41,3

315,1 1,873,3 1,313.0
80,6
23,9
77,5

312,2
172.8
390,5

262,9
22,3
25,0

2,265,0

110,0
125,0

546,3
169,2

2,592.1
1.418,0

183,2
39.7

19,9
49,8

189.1

382,9
92,6

2,748,5

Hudson Co
National
Second Nat.
Third Nat..
.

Ranking

1

1

05, 'J

&

Spencer Trask

Co.,

Investment Bankers.

We

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

ment securities;

6,432,0

Branch Office, Albany, N.Y.

922.9

.1,426.4

Tot.J'ly29 116<70 134490 1231898 5.655,9 7 225,3 147530 9.008,6 1392051
Tot. J'ly 22 116370 134490 1232277 5,752,0 7,289,9 153574 9 646,2 1402680
Tot.J'lyl5 116370 134490 1242516 5,530,4 7,419,3 156812 9,771,8 1429031

William and Pine Sts., New York.

Moffat

1,838,9

Hoboken.
First Nat...
Second Nat.

HMfl ffitxatitial.

5

&

White,

Members New York Stock Exchange,
- HANOVER BANK BUILDING,
NASSAU STREET,
.Dealers in Investment Securities.

COMMISSION ORDERS EXECUTED FOR CASH ONLY.

7

Aug.

'.

THE CHRONICLE.

5 1905.1

tor Dividend* see page sjo.

1903.—3 P.M.
\\.\M. BTREBT, FRIDAY, AUG.
The Money Market and Financial situation. —The eenera]
situation has changed so little during the week that whatI

ever fluctuations have occurred in security values are attrib
utable ehietlv to specific causes. The latter are iu some
Cases quite obscure, notably that of Delaware Lackawanna &
Wesfa in shares, which sold on Thursday of last week at 395
this week at 440, an advance unaccompanied by any
developments or information affecting their value. Central
of New Jersey and Minneapolis St. Paul & Sault Ste. Marie
advanced 11 and 18 points, repectively, under similar conditions, while a large portion of the active list has moved
within a narrow range.

and

541

'

distributed throughout the week. As in the stock market,
th^re is a noticeable increase in the proportion of industrial
issues, including Central
Leather. Colorado Industrial,
American Ice, U. S. Reduction & Refining and Steel Corporation, the latter showing an advance of a point. Some of
the low-priced bonds have been strong features. Central of
Georgia 2d incomes and Mexican Central lsts are about 2
points higher and Colorado Midland 4s have moved up to 75.
Other changes in the active list are less importa t.
I i/lted Statea Bonds.— Sales of Government Bonds at the
Board are limited to $6,000 3s, coup., 1908-18, at 104^, and
*20,000 4s, coup., 1907, at 1C4}^. The following arc the daily
c losing quotations; fur yearly range ste third page fotloici.-.g.

registered

1980

2a,

Interest

July

/trials

19

Q —Ian

i(>:;-„

Jv

'

>/

Any

Aug

Aug

Aug

1

2

1

1

81

'103*8 «10o7„

103 v

io:i?H

io;;-„ -103 6
Js, 1030
coupon q— Jan
6 «!();;> 103?*
8
The Government estimate of the cotton crop made up to 2s, 930, srnall.registered
thau
had
generally
been
small
coupon
favorable
exless
2s,
was
U'30,
Julv 25th
10:;',
in:;',
Mi;,'., •103'i
in:;',
registered Q—Veto
l03Vi
1918
pected and reports from private sources of damaging rust in 3s,
Id.:';
cou poii Q—Feb •104
103 * »103 4
8s, 1918
104"H,
spring wheat are again current. As it is yet too early to 3s, sis, srnall.registered Q —Feb
L9 18, small
coupon Q — i'<i> *io5" -ibs" *il03 •i'0'3"' io:i" *io.i"
make a reliable estimate of either crop, however, these re- 3s,
104
'104
•104
'104
101
is, 1907
104
registered Q—Jan
•1111
ports have had little influence upon security values. Of Is,
u
coupon Q —.Inn •km
104
101's 104
•131
*182
*131»4
K'.P',
'132
M313.1
is,
registered
1926
<J—Feb
more importance at the moment is regarded the ap- Is, 1926
"132
coupon Q— Feb 193
a 132 r.\:
133
132
and
the
markets
Portsmouth,
proaching peaoe conference at
* This is tho price bid at the morning board; no sale was made.
for Russian and Japanese securities abroad have moved in
Railroad and Miscellaneous Stocks —There was more
to
the
probable
prevailing
sentiment
as
sympathy with the
outcome of the conference. With the most vital interests than the usual activity for the season in the stock market on
of the country and the world so largely problematical, it is Monday, when about 850,000 shares were traded in; but the
not surprising that business in Wall Street is of a more or volume of business steadily grew smaller until to-day, and
throughout the week price changes have been decidedly
less hesitating character.
The open market rates for call loan s on the Stock Exchange irregular in some cases sensational.
Lackawanna sold at 440 on Thursday, an advance of 45
during the week on stock and bond collaterals have ranged
from Vi to 2 34 p. c. To-day's rates on call were 1%(22 p. c. points within a week. Of the same group Central of New
Prime commercial paper quoted at ±@i}4 p. o. for endorse- Jersey is 11 points higher, Delaware & Hudson 5 points, and
Reading has been conspicuously active and at times strong.
ments and 4L|@4^ p. c. for best single names.
'•SooLine"commonhas advanced 13^pointsand Duluth South
Bank
of
England
statement
on
Thursday
The
weekly
7

*103'

•103

1

•

<

•

l

1

1

•

1

•

',

• 1

1

1

I

>.,

—

of £1,137,255 and the percentwas 47 "45, against 48*67 last week,
the discount rate remaining unchanged at 2 % per cent. The
Bank of France shows an increase of 3,025.000 francs in gold.
NEW TORE CITY CLEARING-UOUSF, BANKS,

showed a decrease in bullion
age of reserve to liabilities

W

inferences

iyu5
July 29

1903

1904
July 30

from
previous week

Aug

115,972,700
115.972,700
134.323,400
139,492,800
Loans & discounts 1444,847,400 Inc 18,480,700 1,097.333,100
Circulation
108,600
38,962,900
48,804,600 Deo
Net deposits ...
•1,199,744,900 Inc 22,346,700 1,204,9(55.600
Specie
271,182,900
224,830.700 Inc 4.640,-inO
Legal tenders..
90,411,001' Ino 1,302,500
86,048,100
Capit.il

Surplus

Beserve held...
26

315,242,20C Tno
299,936,226 Inc

p. c. ot deposits

357,231,000
301,241,400

5,942,700
5,586,675

1

$
109,922,700
129,168,900
908,864,500
43,S62,8O0
909,857,700
170,733,300
80,786,200
251, 524,500
227,464,425

356,025
65.989,6001
15,305,975 Ino
24,060,075
Surplus reserve
'.56,900
United States deposits included, against $8,526,500 last
week and [(23.353.700 lie corresponding week of 1904. With these United
8tate< deposits eliminated, the surplus reserve -would be $17,420,200 on
July 29 and .?17,0S1,575 on July 22.
B >ie. Returns of separate banks appear on the preceding page.

& Atlantic issues have beeu notably active at advancAtlantic Coast Line is nearly 5 points higher
ing prices
Southern Railway issues have been in request on the very
favorable preliminary figures of the annual report, showing
net earnings of about $1,000 000 in excess of previous year.
On the other hand many prominent stocks, including
Atchison, St. Paul, Erie, New York Central, Pennsylvania
and Union Pacific have fluctuated over a narrow range and
are practically unchanged or lower.
Somewhat more interest has been manifested in the industrial list, with the result that several are substantially higher.
Pittsburgh Coal preferred recovered 7 points of its recent
American
decline, not all of which has been retained.
Smelting & Rafining has advanced 7 points, Anaconda 4, Air
Brake 5, Pressed Steel Car over 5, Consolidated Gas 3 and
American Sugar Refining 214 points.
For daily volume of business seepage 5$9.
The following sales have occurred this week of shares not
represented in our detailed list on the Dages which follow.

Shore

t

—

—

Foreign Exchange. The foreign exchange market, after
a fall on Saturday of last week, became dull with comparatively slight fluctuations in rates and a firm undertone.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85>£ for sixty day and 4 87% for sight. To-day's
(Friday's) actual rates for sterling exohange were 4 8480
@4 8490 for long, 4 8655@4 8660 for short and 4 6680@
4 8690 for cables. Commercial on banks, 4 8455@4 8485, and
documents for payment, 4 83%@4 8480.
Ck)tton for payment, 4 83%@4 b%% cotton for acceptance, 4 8455@4 8465,
and grain for payment, 4 8475(34 8480.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18^*@5 lfc^ for long and 5 16^f@5 16^ for short.
Germany bankers marks were 94"%f^94% for long and
95 l-ie-aOj^t for short. Amsterdam bankers' guilders were
40 5-16f(?40 5-16 for short.
Exchange at Paris on London to-day, 25 f. 15c; week's
range, 25 f 15V£c high and 25 f 15c. low.
The week's range for exchange rates follows
;

.

.

•Lcng.bterling Actual
4 8480

—

High....

I

Low

I

4

8470

H>(fh....|

5

Low

18V

5 18'i*

©4 8490
®

4 8655

4 8480

4 8640

®

5 18>s

5
6

a
®

9413 18

far i* Bankers' Francs—

High....!

Low

|

l).;34

94'i l9

U4»4

19

Amsterdam Bankers' Guilders—
Hlirh....|

Low
Lew: *li«oil%.
|

t

®
®
m of 1%.

1

®
®

1 8660
4 8650

4

8680

4 6660

@

4

.

8690

a 4 8070

16V ® 5 16*8
16V ® 5 16 7a
95i l9
@ 95V
95i

a 5 18 3«
Germany Bankers' Marks—
|

-Cables.

-Short.-

40» 19 *

I

4o>,

|

J

3

32 of

x%.

®

V

95

•3 40<s

a

le
40Bi 9 *

Plus

:

'i

i

I

18 or

1%. **

i

32 of

1%.

The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day Savannah,
:

buying

50c. per $1,000 discount;

selling 75c. per $1,000 premium; Charleston, 12J^c. per $1,000 premium; New Orleans,
bank, 35c. per $1,000 discount; commercial, 60c. per $1,000
discount; Chicago, 25c. per $1,000 discount; St. Louis, 40c.
per J1.000 discount; San Francisco, 50c. per $1,000 premium.

State and Railroad Honda.— Sales of domestic State bonds
at the Board include $3,000 Tennessee settlement 3s at 96 and
$95,000 Virginia 6s deferred trust receipts at 13V to 14%.
The market for railway and industrial bonds has been
relatively steady and firm and the business pretty evenly

STOCKS

Week Ending Aug 4

Amer Beet Sugar, pref.
Amer Woolen rights
assoo Merchants 1st pn

Sales
for
lfit

11,355

101

101
Cleve Lor & Wheeling..
ioe
Det South TrCooertfs...
601'
Pref trust receipts
4 Denv G, stmpd.. 200
Ft
Havana Eleo By
l.ltO

W

Preferred

Keokuk & Pes Mo,
N Y Dock Co, pref

1,100

pret

N Y & N J Telephone ...

200
101

Northern Central
Ontario SUver Mining...

34
101
10C

fceourlties 111 Cent'i
stock trust certificates

558

BB

U

8 Leather
Preferred

Mange for week

Range since Jan.

1.

Week
84 Aug 2 84 Aug 2
20O.Ang 1 27>«cAug 2
993 «J'ly28

72
9

Aug

1

J'iy3)
J'ly31

98\J'ly29
72
9

Aug

I

JUy31

85 Mar
27^cAug

J ax,

loo

72

Aug 90 Feb

77

8

Jan

J'ne

11
42

J'ne
Hi J'ly

39 J'ly
J'ne
42 Aug
Aug ? 72 Aug 2 44 Jan 74 J'ly
15 Apr 19*< Aug
18 Hi J'ly 29 lh 34Aug 4
50 J'ne 65 1« J'ly
64 Vi J'ly 3' 65 J'ly29
40 May 62'sMar
51 Aug 2 62 Aug 4
67
Aug
2
69 Jan 67 Hi J'ne
67 Aug 2
170 Aug 2 167 Jan 174 Mar
170 Aug
206 Aug 2 408 Aug 2 206 Aug 20S Aug

40
72

i

'i

1

Aug

4

1

Aug

4

1

95

Aug

1

98

Aug

1

92

13' <J'ly2t' 13><iAug 1
801 110>*J'ly31 llli2J'ly2B

1,190

20o. Aug

9«

Aug

4 Feb

Jan

98 Aug
14«8 Jan

11 Apr
lOOTgJai:

lllWly

Outside Market,— Trading in the market for unlisted
week, outside of the few stocks that have been
supplying the bulk of the dealings for some time, has again
been on a limited scale. Chicago Subway furnished one of
the principal features, both as regards activity and fluctuations; in the early part of the week these shares advanced
from 84 to 87,%, the highest price yet attained; but on
Wednesday there was a break to 83j^; later there was a rally
to 87, but to-day weakness again developed, carrying the
price back to 83J^; the final sale was at 84 J£. This stock
was under pressure in the Chicago market also, where the
price dropped as low as 81}£. Interborough Rapid Transit
continued its upward course, selling from 211% to 220^; the
securities this

close to-day was at 219. Northern Securities, in which interest has been decidedly light for some weeks past, to day
displayed renewed activity and strength on transactions aggregating 3,300 shares for the week; the price of this stock
rose 2% points to 177%, and closes at 177. The "Stubs" declined from 287^ to 2ti2J^. Bethlehem Steel common ran up
from 32% to 34^, while the preferred g ined 2 points to
After an advance of
to S?6J6, Greene Consolidated Copper
sank to 23% and clo3es to-day at 24!^. Greene Consolidated
Gold dropped from 5 to 3% and ends the week at \}i; the an>.

^

nouncement that the company's mine had been shut down
temporarily on account of the rainy season was responsible
for the slump.
United Copper common ran up from 31% to
34^, but subsequently reacted to 32j£; the preferred advanced 8^ points to 78, with the final sale to-day at 77/g.
Outside quotations will be found on pagje 548s

New Y ork

Exchange— Stock

Stock

Record, Daily, Weekly and Yearly
TWO PA(iKS

OCCUPYING
8TOCKH—H1UHKHT AND LOW AST
Saturday
July ay

Monday

Wednesday

Tuesday

Aug

July 31

Aug

1

8ALI: PRICKS
triday

Thursday

Ann

2

STOCKS

NEW YORK

EXCHANGE

Aug 4

:

Kil

87*8 P8
102 V 103
160
160%

87V 88
102V103
159% 100

114V114% 114V
•99

99'-.

09%

(>9-'h

99934
6938

1

55%
•34 V
79

20
•84
•63

•30

54% 55%

80%

36
38
80 V 81
20% 20 38
84 V 8 V

65
32

65
31=8

36

80
20 V

1

85

M

180% 181% 189% 181%
188
211
*235
•185
*190
•38

9%

188
212
241
195
200

18V
40
10

37 V 3 8 Hi
*98
99
•118 120
27% 28
*69V 60
38",
38
193 V 194
405 410
*31V 32 Hi
86 Hi 86%
*21
23
«93% 93 V

15% 15%

30

30

46% 47 V
84% 85
74% 75
*63
•85
287

65
90
287

23% 23V

*85
*93

93

93%

174»4 175 V

27

28

1S7

1

V

40

V

9

86V
21
92 7»

15%

16%
31 34

843g 84=8
74=8 75
•63
65

*85
286

287%

23

23 V
93

90

*85
•93

21V

00 V

9334

54

4

36 V

M)%

8

20

1

128V
21»8

149
60
93

125V
161V
29 V
643s

100=8 101
142 V 143

37V 37V
147%
61V 52%

147

*116
*83
•201

120
84
203
52V 52 V
86% 87
•92
94
204 205
95
95
•103 110
*93
96
142^4 143 -V
42 V 42 V

"si" 81 V
20
20 V
'

%

20 V
80

•85
64

04
34 l

31%

mo

•84
"03
31

87
66
92
179% 180 V
188
189

<

181V
189

214%
241
190

200

23% 23%
62 V 62 V
65

{118

33V
98%

65 V
118
33=8

98 V
•98 100
34 V 34 V
•128V 130

34V 34V

1

5

18V
4 P.

'

97
117

17

17

•77
69
183

80

23
88
93

23
94
93

533

82% 82 V

«25

27

68%
33%

58
32

*41

65
118

65=8

98
34
127

98
34
129

34V 34V

90

20
"81
04

32
180
L86

214V
-•_\;9

•188
•190

pref

3
4

81 V

/

Susqne, pref..

<fe

<auadian Pacific

81%

Do

pref

20 V Chicago Great Western.
Do 4 p. c. debentures
01 V
Do 5 p. c. pref. "A"..
Ii"
32%
4 p. c. pref. "B"..
180% 18l%|Chicas<oMilw. &, St. Paul.

20 V
85 Hi
01
82
180 Hi
186
215

242
190
209

Buffalo

158%

Transit..

*
70
anada Southern
211 Central of New. Jersey..
55 V Chesapeake & 0)110
393. Chicago <fc Alton

1

20

'4

84
•03
81

V

84 V

Do

2

190
200

•17%

41%
9V
9%

39
•9

pref

218% Chicago & Northwestern
245
Do pret

1

239
185
*190

18 V

94
9334
170% 1713s

86
94
204 V
95
110
96

•40

42

23
93
93

85% 86%
•92
94
204 204%
94
94
103 110
•93 V 95
142% 143
•39
42

*80" "s6"

•75

79

105

105

•75

93

79

100 100V
103 V 105 V
*93
94

104% 105%

•75
100

80
102

104V 106%
93% 93%
91V 91V 91V 91V
30% 31V 31
31%
78
76 V
76V 76%

94

91V 91V
31V 31V
76 V 77

V

Week

H la test

Lowest

Lowest

Highest

Chic. St. P. Minn.
Do pref

& Om.

18 V Chicago Term '1 Transfer.
39 V
Do pref
9 V Chicago Union Traction.

77%Msiv'J2 93% Mar 9 04 Feb
99 Jan 25 104%J'ne27 87% Jau
120 Jan 25 170 Apr 24 104 V Feb
4 1,200 100 V Jan 25 llSVJ'ly 13
7 2%.Mar
4('7 91
.Mar 9 99 '. Aug 2| M7% Feb
61,865 56% May2i 73V.Jly : 38 Feb
80
87% Jan 4 91% May 13 83 Nov
33,900 130 '4 Jan 26 156% Aug 4 1"9 V.Mai
67 V Jan 11 7.% Jau 31
1,60
64 Apr
2,860 190 May23 -'I
Aug 4 154 V Feb
11,900 45 V May22 0OVMar2l
28% Mai
3,410 51
44 V Marl 5 83 Jan
May2
3,50i
77 V Pne26 >-3 34 Apr 7 75 Jan
16,050 17% May 22 25 V Marl'- 12% J'ne
200 83% May2V 88 VMar 15; 80VJ'ly
400 00 J'ne 9 70 V Apr 17. 47 V J'ne
1,100 29
May23 37 V Apr 17 20 J'ih
58,200 108 V Mhv
187 V Apr 17 137 V Feb
41(i 182 V Jan IS i92V AprlT 173
Mai
13,700
1.21

11

10.10.'

1

1

21,83', al»0M)J'ue 9 249

100 234
200 150

Jan
Jan
195 Jan
loo
7% Jan
1,390 17 V Jan

31 101
13 205% Feh 1 207
6

4

30%

J'ly'2'.

4,501

90

Jan

10",900
3,20(

225

17 230
5 20

4,100
2,100

J'l!<-

Jan

2

I

Nor
Not
Not
Deo
Oct

Not

89 Aug
135 34 Oct
72 Not

194% Nov

Not
47% Not
85% Jan
28% Not
90 Not
74% Not
39 V Not
61

177% Deo

1*5% Oct
214 V Deo
Feb 237 Not
Mai 160 Not

VMar

Jau 31 135
Jan 31 $165 Apr 192
J'ne'2>l

42 V JTy 5

13%Keh
64

S9V
104%
"<5 V
105 V
96 V
70 V

2

Feb 3

Deo
Aug 16% Nov
V Aug 27% Not
4 J'ly 1 5 V Not
29 May 48 V Not
68 V May 93% Dec
5%

11

Mai 2
115%JTy26 121% Marll 100 Feb 115 Not
22 4 Jau 2i
30 V Apr 26 13VJ'ne 24% Nov
L4

111

I

'

62 May 2 3 04 V Feb 10 48 J'ne 63 Dec
17,800 32 V May
40VAug 3 17%J'ui 37 V Not
11,110 178%.MaV2. 197% Aug 4 149 Mai 190V Deo
5,517 335 Jan iS 140 Aug 3 250V Feb 359 34 Deo
300 27% May 23 36 V Mai 14 18 Ma
35% Not
1,100 83 V May 1 91 Mario 64 V Feb 89
Dec
100 18 May22 28%Marl7 19 V Jan 27 Deo
2,650 76 V J an 2, 95 J'ne'22 60VJ'ne 79% Dec
11,414 11% May'2.1 17 V Jan 21
5VJ _ 14% Not
13,250 21 May 22 37 Jan 21
9% Aug 28 V Not
4834 Mai 11 21V Ma> 41% Not
66,000 37 V May
16,992 74%May2-2 85 J'Iy.7 55% May 77 Dec
19,170 55 V J an 3 75 V J'ly27 33 Ma) 68 V Deo
1,053 63 J'lv
72 V Aug 4 54 J'ly 67 Deo
90 Feb 28 90 Feb 28 72 Feb 83 Not
9,800 236 Jan 4 335 Apr 17 170 Mai 242 V Deo
83 Feb 16 90 Jan 13 70 Aug 86V Not
Green Bay<fcW.,deb. ctf.A
100 17 May 2 2 24VJ'nel9 11 J'ne 20% Nov
23
23
Do
deb. ctf. H
400 86% Jan 1» 99 Marll 60 Ma
93
94 Deo
93% Hocking Valley
665 90 Jan 18 96% Mar 13 77 Mar 95 Deo
94
94
Do Dref
12,100 152% Jan 25 175 -2 J 'ly 28 125 34 Feb 159 Deo
171 171% LJJinois Central.,
•2,600 24
28 V 29% cowa Central
May21 32 Feb 3 14 J'ne 33 Not
2,300 60 May lo 08% Feb 3 32 Feb 59 a4 Not
54% 55 V
Do pref
•82% 83 KC.Ft.S.&M.,tr. cts. pfd
700 81% J'ne 19 84 V Mai 16 04 VJ'ne 83 V Not
•26
200 22 V May22 34 Feb 14 16 V Feb 31% Not
27
ansas City Southern.
1,300 52 Jau
70 Febl4 31 Feb 60 34 Not
58
68
Do pief
33 35 Lake Erie <fc Western..
700 28V ,1'neln 44VMarl4 26 Mar 43% Dec
•92 V 97
91 J'uel 106 Marl3 85 J'ne 105 Oct
Do pref
300 320 L. Shore & Mich. South'n
2290 Jau 20 $350 Marl3 i 245 Nov 3300 Deo
•55
200 50VMay22 65 V Feb 3 46 May 62 V Not
58
Long Island
33,750 rl34VJan25 156V Apr26 101
Feb 148% Dec
146V 147% Louisville <fe Nashville.
700 161 May 1 175 Feb 9 13934 Mar 169 V Nov
166 V 166 V Manhattan Elevated...
91 Marl? 72% Mar 90 V Aug
8,100 73 Jau
82V 83%
etrop. Secur., sub. reo.
42,920 114 Mayll 131 J'ly 5 104% Mar 13o% Oct
127 34 129 V Metropolitan Street
46,525 18% Ma> 22 26 Marl3
6 Apr 23% Not
22% 23 V Mexican Central
126 146 Michigan Central
$130 J'nel4 U60 Febi5 $H9VFeb 160 Not
6.535 56 V Jan 12 70 Aug 4 40 J'ne 67 34 Jan
68
70 Minneapolis & St. Louis.
95
1,900 86 Jan 19 97% Aug 4 80 J'ly 96 V Sep
97%
Do pref
132 V 138% Minn. S. P. & S. S. Marie. 10.420 89 V Jan 11 138 V Aug 4 55 Jan 95 Oct
2.200 148 Jan 13 169%Mar29 116 Ma) 150 Oct
162 V 165
Do pref
1,900 24 May 22 33 V Jan 18 14% Feb
28% 29 Mo. Kansas & Texas
.
36% Nov
1,210 56VMay'23 69 Marl 3 32 VJ'ne 65 % Deo
•62V 64
Do pref
82.650 94VMay22 110%Marl3 87 Feb 111 V Deo
100% 100% Missouri Pacific
150 151
Nash. Chatt. & St. Louis 1,425 137 Jan 12 158 Apr26 101 V Feb 147% Deo
2,000 33% May 8 45 Jan 16 34% Feb 45 V Not
at.of Mex, non-cuni.pl
*37V 38V
•20
300 17 a4 J'ne20 24VJaulO 15% Feb 25V^ot
21%
Do 2d pref
147 147% N. Y. Central & Hudson.. 16,900 13634 May22 167% Mai 14 112% Mai 145 V Deo
63
63% N. Y. Chio. & St. Louis... 7,810 42 Jau 20 55% Apr b 25 May 47 Deo
•110 120
115 Marl 3 122 V Jan 30 101 V May 115 Not
Do lstpref
600 74 May 4 85 Apr
60 J'ne 78 Dec
83
84
Do 2d pref
• 201% 202
297 H94 May2'2 110 V Feb 4 HsSVMay 199 Oct
N. Y. N. Haven & Hartf.
64
53
Mar3u 19% Mar 47% Oct
63V N. Y. Ontario & Western. 45,775 40%Jau 6
85 34 86 Norfolk & Western
12,800 76 Maylo 88 V Marll
53 VMar 80 V Dec
-92
94
Do adjustment pref.
91 V Feb 24 94 V Feb 3 88 May 95 Deo
204 210 Northern Pacific
16,605 165 Apr 24 ^10 Aug 4
000 78 V Jau 17 98 V Feb 7 51 Feb 82 V Deo
94
94
Pacific Coast Co
*103 110
100 Jau 3 108 Feb
95 J'ly 101 Sep
Do lstpref
•93
85 Jan 12 98 Feb 7 61% Jan 86 V Deo
95
Do 2d pref
3
142% 143 V Pennsylvania
165,650 131VMay2'2 147 4 Marl3 111 VMar 140 Deo
*39
41 Peoria<fc Eastern
400 27 Jau 25 4834 Apr 3 17 Mar 32 V Dec
77 Jan 6 106 Febl4 74V J'ne 81 V Jan
Pore Marquette
Do pref
1,300 78%J'lyl2 87 V Feb 6 i 68 May 79 V Not
•75
70 70 May23 8734 Marl3 55 Apt 80 Deo
Pitts b. Cin. Chic. & St. L.
79
100 102
200 105 Feb 17 112 Marl3 90 Apr 107 Deo
Dd pref
106 107
239,959 x79 Jan 13 108% J'ly 7 38% Mar 82% Deo
Reading
*9334 94 V
520 90 May 2 2 95 J'ly 8 76 Mai 92 Deo
1st pref
Is;
92
92
2d pref
2.455 h4 Jau 5 96 J'ly 10 55% Feb 85 Deo
31,900 24% May22 37% Jau 18 19 VMar 3734 Not
31V 32% Rock Island Company
76% 7VV
4,276 71VMay22 85 Jan 4 57% Jan 86% Not
Do pref
9
100 12 J'ne 2 17 34 Jau 31
Mar 18 Not
O t. Joseph &Gr'd Island,
600 46VMay24 5834 Jan 21 35 May 60 Not
Do lstpref
2o
J'ne
16
30 Not
200
29%
Jau
8
Feb 3
Do 2d pref
700 73%May22 SI %Mar 6 ?61 Mar 79% Deo
76 V 76V St. L.&S.Fr., lstpref....
39% Jan 72 V Deo
6,100 61 May26 73 VMar
68V 68 V
Do 2d pref
185 190
600 175 Jan 30 194VJ'uel2 150 Jan 185 Deo
C.&E.I.comstocktrctfs
20
May22
27
24
4,450
Jan
9VJ'ne 29 Deo
20
V
24% St. Louis Southwestern..
2,950 55 V May 1 66% Apr J 8 25 3e j'ne 00 34 Dec
62 V 62%
Do pref
43,150 57% May 4 72% Feb 27 41 VMar 68 a4 Nov
64% 65% Southern Pacific Co
1,444 115 34 Jau 6 121% Feb 15 113 Sep 119 V Deo
117%118
Do pref
35
35 34 Southernv.tr. cfs. stmped 120,825 28 May 19 36 34 Mar 13 18% Feb 37 V Deo
do
98 V 98%
Do pref.
1,114 95 Apr2fe 100 Mar22 77 V Jan 97 V Deo
100 97 Apr lb 99% Aug 2 90 Feb 98 Deo
M. & O. stock tr. ctf 3 . .
33% 33% I^exas <fc Pacifio
1,700 29 34 Apr29 41 Marl3 20VJ'ne 38 V Not
Avenue
725
124 Apr 29 134% Feu 10 115 Mar 134 Oct
127 V 127 V
hird
(N. Y.)...
34 34 35 Toledo Railways & Light' 1.000 22V Jan 13 37%Aprl2 17VJ'ne 27 V Oct
1

1

»,

,

n

23
77

23
•77

V 23 V

V 23 V
80

68%

69

185V190

2 334

23% 24

61

60
60
64 V 64%

24%
62%
64% 65%

118V 118

33V 33%

% 166

23 V
93
93
170V 171
27% 28 V 28V 28 V
53 34 533
53 34 64 V
•82 V 83
•82
83
*25
•25
27
27
68% 58% •57% 58 H
34
33 35
34
•93
•92 V 97
97
•310 320
•310 320
55 V 65 V '55
58
145 V 146 V 146 147 V
166 166
166V186V
81V 81 4 81% 82
127% 127 % 126% 127%
22 V 22 V
22
22%
•125 146
125 146
63
63% 63% 67 %
93
93 V
93 V 95
129 130 V 129 V 132
•160 162V 160 162 V
28 V 28 V *28
28V
564
64
*62V 64
99 V 100
99% 100%
142 145
146 V 149%
*37V 38 V •37 V 38 V
•20
21V •20
21V
146 V 147 V 146% 147 V
52
53
52 V 52%
•116 120
116 120
•82
84
*82V 83 V
•201V 202 •201V 202
62% 53 V 52% 53%

•88
•93

42

80
V 69%
69 V 69 V
188 •179 184

23% 24%
62 V 63

*-s

15634

*70
70
71%
207% 209 V 21o
55
E V 66
87
35% 36%
81

l»n

69% 70% Brooklyn Rapid

70
91 V

81V

I

1

loo

•98

,

142% 143% 142% 143% 142V143
41
41

114%

39 V
101

62V 62V
68
*185

04O
190
200

'92V 97
•310 320
57
•54
59
146
145 146%
165V 165 V •165 166V
82% 83
81V 82%
127% 128V 127 V 128%
21V 23
22% 22 34
125 146 •125 146
60
62
63
63 V
92
92
92 V 94
126% 129
128 V 130
161V 162 V 162% 162%
28% 29 V 29
29
63% 64 V *63V 64
100% 103V 100 101%
144 144 •142 145
37% 38 V *38
38V
21
21V •20 V 21V
146V 147
146V147=8
51% 52
61 34 52 V
*116 120
•116 120
•82
84
•82
84
202 202 2201V 202 V
52 V 53 34
62% 53%
85 V 86%
85% 86% 85%
•92
94
92
•92
94
205 206V 205 205V 204
"94
96
-93
•93
96
*10.1
110
•103
103 110
"93
96
•93
*93
96

'4

78 V
69 V
190

2

240
190
190

V,

6

1

102 V 102 V

165

Range ror year 1U05
Range tor JFreciou$
On basis 0/ lUO-share ioU
Year(iyu4>

llrn:i il-.

80% 87V \tch. Topeka&Santa Fe
Do pret
1Q3V 164V Atlantic Count Line lilt..
114% 16% >altimore<fc Ohio

87
103

Hales 01
the

Shares

8V
9
•38
37
40
37
Do pref
99 V
99% 99 7 Cleve. Ciu. Chic. & St. L.
99
99
99 34
'117
118
130
•118
120
Do pref
120
120
28 V 28',
28% 29 V 28% 29 3s Colorado <fc Southern
28% 29 V
O'.'V
Do 1st prelerred
62
62
•81V 62V
62
62 V 62 %
40 V 40 38
Do 2d preferred. ...
39% 393,,
39 V 40 V
39»4 40V
194 194% 193 195V 195 195% 19.0% 197% Delaware* Hudson
425 438
438 440 *430 440
elaw. Lack. & West'u.
421V 425
•31
32 Denver* Rio Grande
"31
•31% 32
32
32
32
Do pref
86 V 86 V
86V 86V
•88% 87
86% 8rt«i
•15
•20
•15
23
•20
23
Des Moines & Ft. Dodge
23
23
923* 93
92% 93 V Detroit United
93
93
•92V 93
16% 16% Duluth So. Siiore & Atl.
15
15% 16=i
15V 15 V
15V
*30
33
33
33 V
Do pref
31
81
30V
31V
46V 47% 46% 47 H Erie
46V 46% 45% 46 34
84%
Do 1st pref
84
83% 84 V 84
84% 83334 84
73 4 7413
74% 74%
Do 2d pref
74 V 74 V
74
74 34
•63
65
•63
•63
65
Evansv.
65
72V
& Terre Haute.
65
85 90
•85
•85
90
*85
Do pref
90
90
288 291% Great Northern, prel
287 287
2&7 287
288 V 289
39 V

330

79
80
*
74
79
79 V
.105 112
•105 112
3
104% 105 V 104 4 105
93 's
9c
«94
94
9234 92%
91V 92
31
31=8 31%
31%
76 V
76V 76V 76

77V

2! 3

1SV
41V
9V
9%

63

27
58 V
35
97

202

203
55 V
30 V

*89
1

7n% 71
V 207
64% 51%

09%
3

91%

154V 165

V 155%
71V

154

203

1

1

•86

*8fi

174V 175 V X171V172V
28
28
28
28V
63
54
83 V

1

1

•65
145

82V 82%

•125
60
•86
125
•160
29 V
64 V

32V

87
21
93

46% 47

310

*55
67
145 «« 146
166 166

128

9 76

30 V

62 V 52V
*83
82% 83
27
27 V
68 V
*67V 68 V
•31
*31V
35
*92%
•92
98

330

42

39 V
97 V
120
29 Hi
60V 83
39
40%
194 194 "4
420 V 4 25 V

•2534

*310

18 V

38
97
117
28

•31 34

1

II

•187
212
*235
190
•190

189

209 V 2
230 250
185 195
190 200
18

Hi

68% 09%

203

200

59

70V

>

1<

201
55 "a

I

IV 1 4 =*
}98% 98

1

80%
86 V 87 V
102% 10234 H02
160
162% 162%
1 3 %
14%
16
99'. }98%
99
68 V
68% 09 V

87 34

99 84

81
89
*88V 89
155 155% 165 V 156 <
70
•69V 70
*8»V

•209

87

102% 102%

STOCK

118

33% 34%
98% 98%
•98
34

99
34

*127V 129
34 V

35

117% 118V

33% 3434
98V 98%
3
99%
33V 33V
99

4

127

127

34% 34 34

76 V

76

68V
185
24

68

190
24

61% 61%
64% 65

117V 118 V

34% 35%

98 V 98V
•98 100

33% 33V
127
35

127
35

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Bid

Ask

177 V
520
Amer Exch.. 274
Astor
775
Battery Park 150
Boweryli .... 325
Butch's& Di 155
CenturyD
195
650
Chatham .... 320
ChelseaExcj, 170

American

*
1

..

Ranks
Chemical

NEW YORK
530
278
825
160

Bid

Ask

4300 4350

Citizens' Ctrl

165

City
280
Coal
Iron. 230
Colonial U ... 575

285
240

&

Bid

Fourth

200
100
500

Gallatin
Garfield

Columbian .. 400
Commerce... 1204
Consolidated 150

Banks

Fifth
340
First
730
14tlistreetD. 145

German Am1| 155
German Exl( 400

Ask

Bid

Banks

InterboroTI.- 145

Ask
155

J50

Irving

234

238

155
215

Jefferson^... 177

V 185

425

Liberty
Lincoln
Manhattanli

165

Market <feFul

510
1500 1700
325
260 270
285
295

Banks

Bid

Metropoli'nU 170

Ask
175

Mt Morns'.. 210
300
Nassaul]

New Amster
New York Co
N Y Nat Ex.
New York...

205
195
475 510
1300

195

H)5

500
People'8H..., 290
190
Phenix
560
Plazali
Prod Exchli 175
RiversideD .. 250
650
Seaboard
700
Second
Shoe<fc Leth. 150
State'
1200
34th Street.. 200
12th Wardl 225
•23d Wardl ., 200

300 320
Mechanics'
19th Waul'
350
450
Mech & Trail 175 185
Discount^] ... 150
North Amer. 233 238
100
Greenwich
Mercantile .. 260 268
235
250
East River.. 150
160
Hamilton^ .. 190
Northern
150
Merch Exch. 170 175
330
FidelityH .... 190
Oriental^,
255
270
Merchants'.. 170
495 505
Fifth A veil.. 3500 3750 Imp & Trad. 590
Pacific'
250 265
Metropolis ']. 400
Bid and aslced prices; no sales were made on this day. i Less uiau 100 suares. ; els ri^its.
State d&uks. a tix dividend ami rimus.
Sale at Stock Exchange or at auction this week, s Trust Co. certificates.
n Sold at private sale at this price.
A Assessment paid.
105
210

C'ruExchget t375

155

Germaiiia1|

.

..

.

1i

1

11

Bid

Banks
Park

I

Ask

,

b

New

195

590
185
280
700

stuck.

H

Aug.

11 4 "a

US*

98

l

130*

ISO* is**

.

70

24

24
62

19V

19 V

19* 19*

1"'.

40*

41

'..

88

17

1

4

*4o

42

•2

93

24

1

6

88
•ai
1a

'-.

80*

•10

.

1

6

•50

51 3j

6

1

9L

1

v
L9

•16
•89

S.

Do

U

l

V

2

lfl
!.-

62
89 H

83 \

08
30

129*
•

*39*
•26 V

40*
30
90
4
4

Va

"4%

-.

•17
•40
48
111
5
86

I

9%

LIS
6

•24*

2;"«

12 1 m
122

i

•1.1
•181

183

»1M
9

M38

s;i

a"
38

26 V

48V

95
236
6 is

WlieetiDR

Do
Do

Lake

iV

vmral

1

•26V

17

V

139
189

9*8

V

97V

96
335

11

6

'.

4

•4
4

33* 23*

4 34

34*

24

•98V 99
124
123
•167

136

123*
183
105

102

4

122

V 123%

•167

183
105

102

10
10V 10
41
41
142 V 143 V 142 V
138 V 140 •138
•137
110
137 139
97
97V
97
97

14

140
97

Anii-r iiiite

9

4

'-.

112

24

25

a

5

37V j8

1 1

1

$37

103 V 104
114
111
L86 194
•15% 16
•66* 67
44
44%

37*

103V 101

Twine

..

prof

Do prof
Ann Tican hocOiiiolive...
Do pref
American Malting
Do pre!

Uay22

1,300
1,460

<-.M

V Jan 26

Amor Smelters Sec

pref B
Amer. Smelt'gcb Kettn'g.
Do pref
American Snutl
Do pref
American Steel Foundr's.
Do pref
Relinin;:

1

*B15 Feb 14

10% Apr 18
60 V Jan 18
47

'

',

t

1-.

.

1

-.

.

.

:

t

.

-

S.

_

•

.

•90

i
.

52

-

Ill

92

32',

68V 69

90 V 90'..
33 V 34
68 V 69

91

91

33*

35S,

69

73

-90
34 V

92
35

"8*4* "84*

71* 72%

71

.

luJ

-

34
107

•M
•190

a

43
245
168
195

',

S.

19-",

190

195

•190

195

1J5

• 190

200

•laO

&

Co

1

Union Tele'gph
West'gh'seBlAMfg-assen

195

i

1

31*May2i

103* May
;;o
J'ne
"'25 235
Jan

C

Jan

621 92
2,200 152

est'11

Do

1

Feb 2s
Jan 13
33* Jan 3
98* Jan 6
V lay2 .
90* May2«
18

35

-.

Wells, Fargo

Jan

77

1.401

1

Do

-J

'190

U s Realty A [mprove'm
U s Reduction & Kettn'p

pref
71V
12.700
52* United Slates Rubber
20,700
Do pref
111
2,210
United
States
35 V
Steel
162,930
Do prof
101*
1.40,680
Virgiuia-Caroliua CUem..
3 1
4,406
Do pref
100%
2,242
Virginia
Iron
42 V
Coal &

51 V 52 V
oVV
51
51*
51<V 52 »,
52* 52
102*1 10
109*4 110
110
109 V 1"9-, •109VH1
35% 35 V 35* 34* 35 V
34% 35 V 35*
103*104
lo3* loiv 103 V 103% 103 V 104
104
31
84
33 V ;,.i S,
34%
34
33*
34
100% 106 lbC% 106 106 }106* 106 V 100%
38 43
4
•38
38
43
245
230 245 •230*" 245" •230 245 J235V 246
93 V 93 V
9 93 V
93 V 9.5 Sj
93 S»
93 V 93 V
16
171
165 10J •160 169 •166* 16-1
169

10

J'lK

37

J in

1st pref

1

5

8
17

May20
Feb 23

I'M)

Deo

I

a

ii

Not
N ->v
49* Not
82
26

220 Feb 350 Oct
6 Mai 21* Nov
7

72% Jan
14% J'ly
67

Jan

21%

J'ut

Nov

1

82% Deo
24* Deo
87
Deo
3.i V Dec
94* Deo

37* Deo
Nov
Nov

97
219

Deo

14

11* Deo
48* Dec

20* Nov
4 2 V Nor
36* Nor
105 Nov
D»0
Deo

9

29

82 V Dec
Oct

115
170

Nor
99* Nor
15* Dec
57% Dec
153 Nor
141 Nor
149* Nor

96 Deo
25 Nor
94% Deo
120* Nor
185 Mai 229 V Oct
5
J'ly
12* Dec
47' Feb 02% Dec

J'lyll

105V J'ly 11
59 Mar24
105 Mar24

25 V Mai 58* Nor
63 Api 95 Deo
18 V Jan 30
8 J'ne 19 V Deo
214 Mar 3 185 Feb 220 Oct
22* Feb 7
9% Ma) 26 V Nor
79 Jan 10 05 Mai 82* Nor
47 V Apr
19VJ'ne 40V Deo
89 V Feb 27 82 Nov *3* Nor
128 Apr 7 43 V Nov 08 Deo
107*Apr 7 71 Nov 90 Nor
192 MarlO Cl51 J'ne 194V Nor
25*Marll 10 V May 25* Dec

82* Apr

100

64* Feb 79* Deo

F'eb23

40*Feb27
88* Apr 14
34* J'ly 20
70 Apr
66* Apr 3

-

32*
68%

J'ly

VJ'ne

39 V Mar
43 V Feb
13
Mai

48* Aprl4
lo IV Apr 6
lis
Apr 3

ly 19

,i

37
31

J'lyll

S,

93

i

1

'

,

1'.'

l

Nov
Wot

32* Nov

-i

S,

S,

30

32* Feb
14 V J'ly

1

l

>

16*" M*a"

.

36»8

103 V
115 V
187
*ir>V
"56 V
43 34

S,

1)10

::

i

101

36* 36^ 36 V 37^ American Woolen
37V
Do pref
103* 103 1033g 103* 103*
115 115
115 117
115V 115 Sj Anaconda Copper
11 V 1
116
V
187 194
1S7
187 191
184VMay22
194
195
195
Brooklyn Union Gas
I0*.Ian 13
""•ib'o
16
15V 15* 15* 15*
runsw. Dookife C.Imp'i
*15V 16V
•15V 16
'56 4 57
56 J'lyl67
.
*50V 57
Butterick Co
57
•56V 56V
4",459 41V J'ly 27
44
44 "j
43% 43* 43V 41V / 'em nil Leather
44
43*
104* 105 V l/o pret
3,050 103VJ'ly2l
104% 104 V 104-V 104* 104* 105
104 V 104S 1U4V IUj
•45 Sj 46V
46
46 <u 4 0*
40
40%
46* Colorado Fuel & Iron.... 11,730 38 May 2 2
45 V 46%
45V 46
95
95
85 Feblo
95
95
95
Do
pref
13% "13
•13
13
700 11% May24
14
1SV •is**" 13 V •is" 13V 13 "9 14 V Col. <& Hock. Coal & Iron.
3
192
192
192
3,700 184 V May 15
V 192 V 193
192V 192- Consolidated Gas (N. Y.)189% 18b * 189%
191 193
10
10
•10
10 Corn Products
2,325
10
8% J'ne 8
10
10
9% 9* •9
10V 10
•44% 47
•46
•44% 46 34 •44* 46
100 43 J'ne 8
47
45* 455b 44% 46
Do pref
•42
43
42 V 42 V Distillers Securit's Corp.
43
2,292 ^34* Jan 25
42V 43
41V 42V
42* 42 V 42
*82
85
84 V - 89
lOu 76 May23
84
85
Klectric Storage Battery.
8.">V •82
83 V 83V -82
*llo
113
109 109
113
10o*loo* '.07-.
115
1,100 60 Jan 11
Federal
114
Mining
&
Smelt'g
110
92% 9-%
95% y6
a3
93 V 94
95 V 95%
9,100 75 Jan 5
95
Do pref
94
160 180', 180 34 181
178 17-% 178 178 General Electric
4,109 109 May2o
176 18o
179 179
Ill
ll»
19
19 V 19 V 19
2,900 18V J'uelO
19V *19V 19V 19V 19* International Paper
78 % 18%
78 34 78 J4 *78V 79
78% 78% I Do pref
825 76 V Feb 6
79
»7SV 79
"57
-57
57 85 International Power
85
6o J'ne 3
B6
•57
85
85
85
'27
26 30 Internat'l Steam Pump..
•27 V 30
26
so
* 30
'29
{26
30
36 27 J'ly 14
a
80 83 '80 V 83 •80 83 82 84
•to
83
78 V May 2
Do pref
33 V
33
33 V
33 V 84V
33* 33* 33* 33 e-K nickerbocker Ice( Cliic) 4,785 10 Jan 10
34
34V
60 Jan 9
Do pref
59 V 60
59 V 60
57 V 58V
57
4,755 54 V Jan 25
59V 5'
58 * 58 V
57V National Biscuit
114 114 114 115
115 115
115
115
115
112
'115 120
115
700
J'ly 20
Do pref
20 V 2 7
25 V 25%
25
23
25
23* Nat Enameling&Stamp'g 8,040 IS* Jan 20
,
24V
25* 24
•90
93
"89
33
04
90 V 90 V {92
83
92
88
210 86 J'nel9
Do pref
40 V 47- b
46
46
47 V 48%
51,250 24% Jau 24
47 V 48*
48V 4 9 Si 48* 49% National Lead
lot 104V 104 105
105 105
105
Do pref
1,750 97* Jan 7
105V 105* 105 V 103 V 105
149% 150 152
162 V 165
158 154V 152% L63* *152V 153V New York Air Brake
4,750 140 May 2 2
99*100% 99 V 100* 99% loo v 100% 101 North American Co., new
100*101S- loovioi
6,250 97 V May 2
4:;
43
43
43
43
43
43* 43
l.lOo 33
May22
42 V 42V
43V 43 V pacific Mail
105*105% loSVloOV 105 V 106 V 105% 107
1 00% 107S, I eop. Gas-L.& C. (Chic.)
105 V 105
15,:i50 97% May 15
15
14 V 14%
15 V 16
15
15V 16
15
15
Pitt-ourgh
5,60u
J'ly
19
Coal
12*
V
V
Co
15V
13V
52
56
*54
oOSi 51V
56 V 57 V
55
Do pref
8,050 45 Ss J'ly 20
50* 57 V 54% 54*
a
43
42 V 43
45
23,:")05 33 v Jan 31
40* 40%
42
43* 44 <
46 Pressed Steel Car
43 V
•94 V 95
95
95*
95% 95
96 V 96*
Do pref
l,95u 87% Mar
95 34 96*
96V 96V
230'- 239 V •237
240 237 V 240
240 210 }240 240 238 240 Pullman Company
245 230 May 31
5>< 35%
35 V 36 V
36
36
35 S> 35 V
35* 35% 36
2,700 30 May 2 2
36V 1)ailway Steel Spring...
•99
1U0
99
•99
9HV 99S,
100
100
•99 100
V Do pref
99* 100
300 93 Jan 25
21
21 V Republic Iron & Steel ... 10,700 15 Jau 23
2UV 21
21V 20"8 21V 20 V 21V 20 V 21
84
83V 84
b3V 83 V
83% 84
Do prel
83
83* 83% 84
15,500 67 Jau lo
•35
*34
35-. 35
35 V 36
35
35
35 V •34 V 35 Si
35 V Rubber Goods Mfg
52o 24 Marl4
•104 loO
•104 105
104 105
•104 105
104 105
104 105
Do prof
94 Jau 25
86 V 87%
86 V
86V 86V 85V 85 V 86* 86* 87% 87* Closs ShelUeld St. & Iron
60 Jau 25
""•iY"
107*125
105 125 O Do pref
107 V 107 V •105 12o
100 100 Jan 13
J Jan 28
•*..
1
IV
Standard Rope &Twine..
IV
3,730
4
"8*""*
88 V 89 s
*B~V
88 V 90*6
88* 89* 89* 90 Tenu. Coal, Iron & RR... 50,850 68 Jan 26
88* 89
43
43 41
43
43
•42
43
•43
43
44
Texas
Pacific
400
43
V
Land
43Sj
V
Trust
37Sj Jan31
10
lo*
10«s
10V lov
-9V 10V *9V 10 V Uniou liag & Paper
89*
1,200
8* J'ne
73 V 73 V
•73* 7.3
«.'2V 76
74
74
Do pref
73* 74
fan 10
490 08
31%
31^
31m
31V
31* 32 V 31* 32 V 31* 32* 31* 31* fj. S. Cast I. Pipe <fc Foun. 10,445 19*Jan 3
93 •
82*
92 *
92 V 92 V
92 V 92=4
Do pref
92* 93
800 79 V Jau 3
naa 125
126
i'25"" 125
122 125
122V 126 • 122V 126 United States Express...
100 J120 Jau 9
38

•102% 104

09

i

.

140
Amer. Telepli. & Tele«...
97 V Amor. Tobao. (new), pref.

97

20
45

V A pi

42

Feb 10 88% J 'III
97
l-i'i.j
(209 V Jan 4 j;o
180 J'n<
f»V J'neJ.j
11 Jan 4
5
Aiif
960
6 J'lie 7 HVJan II
601
2* Jau
3,410 34*j'ne24 55 V Marl?
11 V Jan
0,230 24* J'ly r. 27* Aug 4
16 V Jan l^
22% Apr 17
J'ne
7
36 Jan 19 48 V Apr 17 22 V J'ne
14,101
Jan 35 01 V Apr 13 16 V Jan
800 io3%Jan 6 122% Apr 16 75 V Jan
4 V Auy: 8
8% Jan 14
1,425
2VJ'ni
1,200 20 J'ne 9 28* Mar T
16 J'ne
600 97*J'nel'. 99 Aug 1
267,200 79 % Jan V 128 V Aug 4 40 Feb
7,800 111 V Jau 13 127 Apr o 88% Jan
163 MaySl 183 Jan 21 110 Jan
99 Jan " 105VMay26 85 Jan
4,121
6*Jly2. 18*Mar20
3VJ'ni
5,388 :<5VJ'nei4 67 V Apr 4 26 J'ly
43,000 130 May22 149% Mar 2 122 V Mai
1:^3
MaylO 140 Mar 7 123 Jan
136*May21 148 V Jau 6 131 Feb
1,355 91* J an 25 99* Feb 8 85* Nov
7,955 20* Jau 26 40VAprl8 10 Jan
108 V Mar
1,620 93 Jau
69 Jan
15,200 lO0VMay22 130 Apr 13 61
Feb

Leather

142* 143% American Sugar
138 Sj 140
Do pref

137

2,970

.Nov

.Mar 31

I

31

oil

A hum nan toe Securities
a in 11 ii-au Linseed

122 V 123
183
1 U2 V 105
10
10
40
41V

41

ioan hi a^s

aiiii-i

TV

i26% 128 V

142*

36
20

3

tot

i
.

Mai 117
g86* l-i-b 9?
9
Feb 26
71

23* i-i-h
May 23 18 Feb 23
May 1 19* Marl3
is
Feb
May
May
28* Marl..
Apr 29 28* Feb 16
Jan 13 54 V Feb 17

14,2(10

prof

Do prel
American Express

167

10%
V

9*

41
144 V
140

Do

Foinnlr\

American Cotton

8

112

UV

80
900

I

Aim -iicaii Car &

>4

20
41

48*

4V

15

Wot

Ant 1186 Not

I

J288 Jan 9 4250 Feb 7
lltVAne
13 May
os Feb 17
46* May
:
lT'.v
Jan 26 88* M' r 14
ImnlsamatedConper
Aiiiii- Agiirult Chemical.
•mo 20 Jan 2; 29 V Apr 16
Do prei
89V Feb 3 39 J Feb 10

Do

•IT
•40

112

V

4

7*
39*
27 V

•23 V 34
99
99
125»8 126 V

' i

80
96

>

•9 I
'225
8

44

1

111

119

V

'

8% 4S%

1!

Feb
S7V Feb

'm-20 168

May23

17 V

t

"87* 37
99* 99
29

-ii

Jli()hest

* M ay 88

67 V Not

Ang

TO
89
89

1

.fan Id
.My 7

36,100

pref

l)o

83*

7 V
7V
39V 89V
26
26 V
•17
19 V

19*

48*
112

186
105

138

97 V

•40

49 V

^i<

89

:.

29 V

29-«

•92
225

39 V
27
20
44

S9V

26%

4%
24* 34*

1-12
:39-_.

95
235

6*

112

167
102

99%
30*

e

.1

1

89

IS

tllaoeU

iVr

II

'

04*

3,-100

prol

Jan

Si

1

.17

i-.iu'...

I

2

:

(

May 11 101*

90

5111

)>ri't

11-111

.Ian

Apr
1 33 V Apr

IS* Muy'.T loo
13
.lan 8 187*

2

80U

prel

Bxpreaa
\ ilama
- Ohalmers

2 15

L8V

I

103
4,400
6.75

l-'ian

1st prel

2d

Ho

IS

36% 37 V
99V 99%

37

•7

123% 125%
122 V 124

245
18V

61* 81*
88* B4V
88* 23

81 34

W\

V

89

17*

^

-.

17

4

25
99 V
124 S
i.;>*
183
lo5
1-13

-*

112

5

138
97 V

"29 V
-92

*7*

23.-)
1

1

iov 43

1

111

140V
* 13$

131)
i

19*
49 V

140V 140%
i

j7

I'V
9V
4o
•89

OS-

40

'S?*

80 V

296

4

•98 V
120 V
121 Si
167
102

36*

99 V

1>

62

37V

96
7V

245
'4

t-3'a

-3.-

OV
b

17

84* 3S*
23V 93V

92

5*
TV

•7

*8

•

o

.

V

9* 99%

T-

9!

>,_

9

(1

37

37*

36*

36 Si

1

.

68

235

1

',

362,'!'60

l.i •'

ItuliiMriiil

16* 18%

.

Jan 36

',

1

prof

L)o

24*

24

I'ranslt

1.011.

'or Previoul
$ar( v.K>t)

Lowest

48* Apr

May3S

1,100 B
16,630 106

in 11 11

Highest

Lowest

7110

tr. ctf.s

San

>

Meek

iiri't

Pnolflc
Do prel
pre
I'm! Rysl nv't of
Do prol
I'mti ii it\ soi si

Rang*

>n batii

Shares

v. tr. k-U*

vot.

Kaiu/e for ) nr 1905
'i li/n-sharc lott

ol

the

U.il'a.-iii

17
11

51V

W.

Rapid

I'm im I'lty

21

V

U

.«>

l>n>f.

11

S3* 23*

2.iV

49

•50

88%

87*4

r.'l.

.-,7

9S'.j

86 V

68 V
88

10

iO* 40*
•93
94

-

51*

40*
17

«17V 17V
40 V 40 S

•J4

V

•10',

41

51% 51%

B

•37

1

80 V

19*

17
41

543

2

Sales

STOCK

EXCHANGE

4

38 V
V
116* 119 V

•98

'-.

Aug

67* S7V
1
3V 11

189 V 'So*

181V

ISO

113%

STOCKS

NEW TOBK

Friday

88

88

-

40% 41V
•lfl

V

93*
SB

19 v

40

:
l

8

88
57

•113* 113*

115
1 ::

Aug

38
67 S

66

67%

r.7

Ihursday
Aug 3

WtdntsAckv

I

87*

88 V

3fl

05
8?
81 *
s

Aug

July 31

130% 131S

li»

Tvtsday

Monday

38 V 88*
57 V 57 V
111 114%

1

,

J

STOCES— HIGHEST AXD LOWEST SALE PRICES
Saturday
July 29

5

2

Record— Concluded— Page

SStOCk

1905.

V

6

61

26
28

72 V Dec

Mai

41* Nor
87 Nor

Sep

71*Feb

8 Sep 12 V Oct
48 V Jan 66 Oct
36 Jan 59V Nor
120% MarlO 100* Jan 117 Nov
31 V Apr 5 14 Sep 23* Not
94 Apr 19 75 J'ly }87 Deo
51% Apr 7 14 V Feb 26 V Oct
11 1% Feb 20
80 V Jan 99V Deo
'61* Apr 15 120 Feb 104 Nor
107 ApriT
80 Mai 107 Nor
49% Jan 4 24 Feb 55 Nor
115
21

V Apr

3

92% Mai 112V Dec

Muylu

80 V

May 15

46% Apr 14 24 V May
99* Apr 14 07 Mn>
Feb 2c 209 Mai
40* Apr 17 16 Maj
03% Apr 15 71% Mai
24* Apr 3
6 Ma)
87 V Feb 23 37 Ma)
38 May 15 14% Api
.09* Apr 1 74% Jan
18 V Fob 24 31* Jau
130 Feb23 77 Jau
3 Jan 3
% Mai
106 V Apr 4 31* Ma)
46VMar28 25 Ma)
15 V Apr 3
3* Aug
82 Apr 4 45 Feb
35* Apr 14
0* Mu)
97* Apr 17 40 Mai
134 Feb s 100
Feb
98 V Mario 43 J'ly
40 V Apr l»
73 Aug 2 36*" Nov
52 V J'ly 29
10 V Feb
1118 V Apr 7
41 Jau
38 V Apr 7
8* Ma)
lo4* Apr 18 51% Ma>
39 Jau 3 22% J'ne
11
97 * Apt
2 V Feb-'
18 V Sep
200 Feb21 }200 J'ne
95
i5*J'nel9 85 May
184 Apr 6 L53 Maj
An:
197 April ISO

44 V Oct

1

I

Dec

92
244
35

!54

Not
Nov

Deo
18% Nor

94

Nor
29* Deo

73 V

Deo

98

65* Nor
Deo
5
Nor
77* Nor
39 V Nov
13 V Nov
75 V Nov
20 V Deo
81* Deo
U28 Nov
84 V Nor

105

40 V Deo
34 V Dec

Dec

100

33 V Deo

95* Dec
44 V Deo
116 Nor
44 Nor
::>o
Aug
9

i

•-..

Dec
ec

185

i
198 V Nor

BANKS AND TRUST COjIPANIES-BKOKEUS' QUOTATIONS
Rink*
Union

ticli'

Unite

Bill

215

York.

Broadway).
Broo-.

Bid.

i20

.Manufactra'. 365

575
400

Mechanical

Ask

.

416

hi

315

ProapectPkl
135
17tli

Wanl'

Union*
VVailabouf

|

182

iommonw'tli

......

560

arm \m & I

Ask
880
230

1050

[4VT1 3 1 2 V
n ir... ."Wo
175

i.itile

2 15

I-

Tr 220

'rb'k'r

Manhattan

380

blquita

200
160

Knlok
:

150

m etropolitnn 816
SlortonTrtnl 925
Mul. Alliance 210

1

Trust Co*
N Y Life<&Tr
New York Tr

Ask

Bid

1025 1075
730 735
Seal i.m
325
llo
StandardTr'l 890
.,
u.fcTr 686

Bid

A tie

BROOKLYN

1

1

'

1

•

Tr Co

of

Am.

Dion Xruni

.",00

1.

900

is Mtg&Tr
Unit

Van
225

Trust Co's

767
1

..

1

Klalbil.ill

Hon

1500

6lo

193

Holii.

150

S

NMi-ii

Ii

Washington
Wiinlsor

115

210

l-'l.inklill

'-.

UO

Brooklyn

75
125

2

290
130
250

Ulal LdfcTr.
1

270

'rt

mab'g.

inn asKwi price*ne* on ifiii 'lay.
1.--11 in. 1
t
Sale at Stock tichan ge or at auction tlm weelc
lir *tock dirlileuil.
'1

1

Broad wayTr 158
•

Bid

Ave Tr 575

linarilian

520

'oloni.ii

Co*

TruMt

liuaranty Tr 615

600

'

.

.

CITY
Bankers' Tr
Bowl'.

Central Tr'ai
L80
140

roodl

ask
ASK

Bid.

X. T.

290
120

Trust Cos.

Fifth

Nat City
North 8iiteV.

BHOOK1.TX

B -routfhl...

HmiLi

BROOKLYN
Home Bank* 125

t'O

Wash-U'liis"" 210

West

A ik
125

1

I

1

fc.t

nghu.

t Tr11.1l

tj

Now

.illicit.

Uo. oerliilc.iun.

ami righta.
mr*.) (rtttl 1 i>*r.igrapli

l£x aiTldend
.;i

1

(*])

ire State

banka

New York

Exchauge— Bond

Stock

Weekly and Yearly

Record, Friday

OCCUPYING FOLK PAGES
BONOS)

STOCK EXCHANGE
Wees Ending Ana 4

N. Y.

n

Week's

Jlany or

Government

U. S.

A I9i>V S 8s registered
k L918
V S 3s Coupon
U S :jh reg small bonds.. fcl91*
U S 3s con small bonds.. A 191
ft.1907
y S 4h registered
/ll907
US 4s coupon
926
S
4s
U
registered
L92S
U S 4s coupon

QJ
(3-j

3 b
3-E

1914-34

Fort'iBii (Government
Japanese Govt 6s sterl'g.1911 A.O

series Os ctts lull paid
S, loan 4 4s ell's full pd.1925
Bepub of Cuba 5s exteii debl
U 5 oi Mexico » u os oi isvui
2(1

.

i

Gold 4s

of

1054

1904

Slut© Securities
Alabama class A 4 too

B6s
C 4s

Class
Class

Currency funding 4s
Dlst of Columbia 3'65a

I

-D

:;

.,

101 4

101

99»8

loo
93
:os
100

>

99*4 Sal..
92 V. Hale

91

laba Midi Hee

1900

100

lOlia

1901

100

109'.,

1900

100
117

"96

ftlOOO

W

W

W

Pitts Clev & Tol 1st g 6s 1922
Pitts
West 1st g 4s. ..1917
J P
Co certts
Bat Creek <fe s Hee Mich Cent
Beech Creek See
VC H
Bellev
Car Hee Illinois Cent
Bklyn & Montauk Hee Long 1
Brims
West Hee Atl Coast L
Buttalo
Y Erie Hee Erie
Buttalo R
P gen g 5s.. .1937
West 1st g 4s gu..l998
All
Mah 1st gu g 5s.. ..1943
CI
Roch <fe Pitts 1st g 6s. ..1921
Consollst g 6s
1922
Buttalo <fe Southwest Hee Erie
Bull
Susq 1st ref g 4s.rfl951
Bur Cedar B No 1st 6s. 1900
Con 1st & col trustg5s..l934

&

M&

N

&
&
N &
&
&
&

98
98

FA

i
I

4.

J

D

*95'<8

J.J

141H-

A-O
A-O
M-N

130
115
115

99'a 101
hi

$6

'„

90
to

J-J
y-J

A-O

101 h 101 Vj

190b
2d 5s
1913
Registered
1913
Carb <fc Shawn See IB Cent
Carolina Cent Hee Seab Air L
Carthage <fe Ad See N Y C & H

M-N

92

Hi

8

105 "a.
109
121 Hj.
*99

M-S
A-O

.

J-J

97

95

10

18%

10

96V.101

100

J-J

1141q.

F-A

123 "-4.
125 ^

123!4

J-D

.

93Hl

97%

94

98

99% 99%
99%"99»b
99'a

99 »a

29 I00 34 103>a

'04

103 Apr'97
124HjApr'05
126 Mai'05

98%

99

124^ 126 "a
124 34l26
25

llOHi
IISHj
lllH.

98

100^

100 34

lOlHiJ'ly'O,
121
J'ly'05

102 >a
llS 1 ol21 a
1

120'aMar'Ob
112 Hi Sep '04

108
102-2 103
108 110

02 » 8 102 H,
10S>a 108"a
106 Apr '05

102
105

1

.VI-

104'»4

4109
105% 106

Jan '05

94

94

108 34

110

112

119 "a J'ne'05
114
115
107 J*ne'04

119
113

12 1H;
116V,

127

90

98

551

67
87
52Hi 78%

94

108 34 Sale
120 'a
114 115

P-A

1945 M-N
1945 M-N
pl945 Oct
j?1945 uct
pl945 Oct

IOS34

98

96 >a

87
78

84 >a
75 >a

Sale
Sale

98
87

78*4 185

A-O 109% Sale 109%
J-J
J-J

F-A

con g\4ia8.193?
Havana Elec -jonsol g\5s. 1952
Louis Ry Co 1st con g 5\s".i93u
jttet St Ry gen col tr g oV.'iyy?
Bway& 7tb Av Istcg5slaa4;i
Col<feythAvlstgu g 58.1\yy;:

*Ho price Jfrlday;

latest

pry oe

93

J-J

87*4

102%

J-J

F-A

8S34

106
109*2 109

Feb'05

93
93

J'ne'05

Sale

87 34

(

J-J

F-A
J-D

11434

.Vl-S

121

taia

weeo.

U634

.

,

.

95

95
109
115

108%11234
83*4

91*4

10838 108%
106 106
109 113*4
93*.,
92

91% 96%
87
98

91
101

ia

J'ne'00

94% J'ly'Oo

94«

33
92

111%

87%
87%
101% J'ly '05
95

2

89*4 269

108% May'05

4

*

J-J

Con Tr £&• ^ «t g 5s. ..1933 A-O
Den Tram Co coVn gfo 1910 J-J
Met Ry Co 1st gu\g 6s!!l911 J-J
Is',

106

Sale
3

M-N

J>en

Det United

89

109%

J'ly'Oo

Mar'98
117

94% 96 %
92% 95
114

120 3

102
IOO

95»aSep

4

'4

119

*a

35

1

106*4 110
106 34 107*2

D»l% 101
97

98*2
113*4 113*4

J'ly'Oo

80
,-o> 4 May'05
104*4 Apr'00
L03 J'ly'05
96*8
96*4
96 '« Feb '05

f

35

101

13

10'4 Jan '05
ol 34 J'ne'05
97 J'ly'o;,
06 4 J'ne'05

00

Apr '05

Sale
ll3>a 114

97

107%

107

U8*al22

19*2.Uar'o5

119*2119*2

21*4

>a.

113*4
iO * Sale

12

10%

1

Apr '05

120

J'ly '06
J'ly'05

134 137
112 115*2
109"2lll 34
178 187
10934 11134

110%

87 Mar'05
11*2 J'ne'05

lOOig
Ill Sale
110
96% 97

U

111

114^

09*aJ'ne'04
97
97
16 34 Apr '05

118

ly% May'05

10& 34
114 38ll6i4

11

110*2

12
37

129%
113%

110*2

1

ia

H6 34

120

111%

J'ne'05

110

116
Mar'05

114 34 117*2
112 112%

4 J'ly '99

113*8

105

06% Apr '05

114 34 117

3a

109%

09

107's
II4V4
109 34

08% J'ly '05

183% 185
115
115%
106% 106%
108*a 111*2

J'ly'05

115%116 34

16*a J'ne'05
12 ^ Apr '05
16*e Jan '05

125*2 130

27% May'05

108% 110
115*2 116%
112% 112%
116% 16%
126% 129%

106

05 34 J'ly'05

105 34 105 34

108

1

02%May'04
01

J'ly'05

03

Nov'98

18
17

J'ue'05

112*2....

Feb'05
10*aApr'05

110*2ll3l2
105 106 *2

11
04

101*a

04

99%

101*2

117*2118
117 117
110*2113
111
111
104 106*2

J'ly'05

% J'ly '05
Mar'04

112%

13*4 J'ly'05

111*2113*4

110*2
117-a

08 34 Jan '04
17 May'05

117

117

15*2

27% J'ne'05

U7 34

119%
U5%115*2

Apr '05

128%

'101*8

1907
Incomes
1911
Chic Rock Isl & Pao 6s.. .1917
Registered
1917
General gold 4s
1988
Registered
1988
1st & refunding g4s
1934
Coll trust Series C 4s .. 1905
His
1910
is
1915
1910
N 4s
1917
O 4s
P- Is
1918
Chic R I <fc Pac RR 4s. .2002
Registered
2002
1913
Coll trust gold 5s
Choc Ok & O gen g 5s .01919
Consol gold 5s
1952
Keok& Des Mist 5s
1923

19

ia

May'05
Aug'04
Api '05
15% May'05

Si

113%

98% 99
116 34

06
85

8

121*4

15%
15

101*2

Convertible deb 5s

96%

20*4 J'ly'Oo

134^135 4; 34

C F & St Paul 1st 5s 1909
Winona & St Pet 2d 7s. .1907
L S & West 1st g 6s 1921
Ext & Imp s fund g 5s 1929
Ashland Div 1st g 6s.. 1925
Mich Div lstg6s
1924

103
98

106 108*2
111 34 114*8
194% 10734
133*2 138*2

12*4 J'ne'oo

121

Illinois 1st 5s.. ..1910

4

'4

100

100

104% 105\ 04% J'ly'05
38*2 J'ly'05
I3b%

104

95*a
96*8

:,

110*4 110*4
loli, 103%
106*4 108*4
106V, loo's

L

4

118

^6
83
tO

1 *4

79*4
h0*4

05 34 Aug'04

107 »4 107%
100

113

113

'04

80

Sale

108*,
1

16 '4 May'05
110
109*4
107*2 J'ne'05
'of,
Mai
113
102 J'ly'05
98 J'ly'05
113*4 K<-0'o:,
1

Ott

104% 107
110*4 U0*4
127% 130

19*4 Nov'04

Feb '02

131

42

129%

31*2 Jan '05

101
103
121
121
105 34 Sale
105
97*2 Salt

03
09

*v

Sep

'03

121*8
23 May'05
05*4
105

o7
97

131*a 131*2

Apr '04

21%

Jan '03

97^

1

"2'y

120 34 126
123

123

104%107%

107 "95" "99**8

101*4 Sep '04
97 J'ly'04

98=s
97
96 34

96i2
96*4

82% Sale

95
93
94
90
8234

J'ly'05
May' 01

76'-,

Sep

95

95

79

85

Dec'04
May'04
3**
'04

iOO

91*2
94% '44 90ia 97%
110*8 Apr '05
110 11534
.15 115
115 Apr '05
110 J'ly'Oo
109 11034

94 4 Sale
*106 14
112
:!

109%

on Ne*t Page.

Railway

Ry—{ CcmjRef g 4s2002l A-

91
118 3 ,

LexAv&P Fist gug 5s 1993I.M
Third Ave RR con gu Is 2000

Third Ave Ry 1st g J<. .1937
S El (Clue) 1st g 4s. 1938
Mil El Ry <& L 30-yr g 5s. 1926
MBrn St Kv 1st eon g 5s. .1919
St Jo Ky IA HAP 1st g 5s. 1937
St Paul City Cab con g 5s. 1937
Underground Elec Rys of Lon
don Profit sharing 5s. ..1908
Union El (Cine) 1st g 5s. .1945
United RRs San Frsf 4s. 1927
United Rys St L 1st g 4s. 1934
Chic St 10-yr cons g 5s. 1930

W

35

115

10- 34 11
11714 122
6 14 116'4
1

Mil

Met

;

'».

04*2Nov'04
05*aMay'04
05 May'05
10*4 Mar'05

St

4

106

:

106*4
105
107 34

Met

10*4

Mav'O.-

106*4
10* 34
10214

DDivlst7s

Street

F-A
F-A

96

LSuDivg5s....l921

MISCELLANEOUS BOAUS—Continued

1

115*a

JTy'OP

100 4

M

90

1

v

3

106
110

85
"80" Sale

1st lien 3 "28... 1950

95% 66 94>a 97%
96 Not' 04
Wis* Minn Div g 5s.. ..1921
l
105 4 105% 126 102% 106%
Mil <fe No 1st
L 6s.. ..1910
104 JUy'o5
103 104%
1913
1st consol 6s
113>aJ'ly'05
105 114
&Northw
cons
1915
Chic
7s
92
92
91
93 <a
1886-1926
Extension 4s
09% 100
98>aloi
1886-1926
Registered
92 4
92 >v
1987
91% 93 Hi
General gold 3^8
92 e J'ne'05
92*8 92 4.
Registered
»1987
lOS'aJ'ly'OS
10812108^!
Sinking fund 6s. ..1879-1929
109 Apr*05
109 109
Registered
1879-1929
1 9 'a Mar'04
Sinking fund 5s.. .1879-1929
100 J'ne'05
97 34 100
Registered
1879-1929
yy May'05
99
1909
99
Debenture 5s
Registered
1909
1921
Debenture 5s
1921
Registered
Sinking fund deb 5s
1933
Registered
1933
Des Mo & Minn 1st 7s. .1907
123 J'ly'05
1 19 "a 123 V,
Milw& Madison 1st 6s. .1905
North

99 Sale
101-2102

.VI-

Street Railway
Brooklyn Rap Tr g 5s.. ...1945
1st refund conv g 4s
2002
BkCity 1st con 5s. 1916, 1941
-RkQ Co& S con gug os.1941
Bklyn- Uu El 1st g 4-53.1950
Kings Co --El 1st g 4s.. ..1949
Stamped ,%uar 4s
1949
Nassau El*;c gu g 4s
1951
Conn Ry& L\i 8 t& ref g4*as'51

97

I&D

95^4

%

I

15

103 34 104*2
10li 4 102%

113Vj

1924
1910
1910
Extenlst7s
1908
1919
LaCrosse & D 1st 5s
Mineral PointDiv 5s.... 1910
1910
So Minn Div 1st 6s
1909
Southwest Div 1st 6s

J'ly'04

.:'.

104*3 Mar'05
101*4 J'ly'05

lOl-'*

119

111
101
98

Sou assu g 6s

<fe

1

13

10934

& Mo Riv Div 6s. ..1926
1910
& Pac Div 6s
1921
Chic& P W let g 5s
Dak & Gt So g 5a
1916
Hast<fe
1st 5s

.

112

Si

119% 119%

119
116

Chic
Chic

Far

••.

112

110', 111

1950
D 5s 1905
1922
1949
Registered
1949
Gold 4s
1949
Iowa Div sink fund 5s. .1919
Sinking fund 4s
1919
Nebraska Extension 48.1927
1927
Regis tereii
1921
Southwestern Div 4s
Joint bonds See Great North
Debenture 5s
1913
Han & StJos consol 6s. .1911
Chic & E 111 1st s f cur 6s. 1907
1934
1st cousol g 6s
1937
General consol 1st 5s
1937
Registered
Chic & Ind C Ry 1st 5s. 1930
Chicago & Erie Hee Erie
Olnc In & Louisv ref 6s.. .1947
1947
Refunding gold 5s
LomsvN A &Ch 1st 68.1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..el989
Registered
el989
General g 3^8 series B.el989
Chiccfc

98 l4l01'a

.

.

.VI-

72 100 103Hi
49 94% 97 34

>4

Vi

1

P..
135*4 J'ne'o.",

106%

Registered
Chic B & y— Ch & la
Denver Div 4s
IBinois Div3>2S

95

101

101

1

106

1

.

M-S
A-O

103*2

M

99k, 100
92 Hi Sale

J-J
y-j
F-A

Ced K la F & N Hee B C R & K
Cen Branch U Plstg4s...l9l!- J-D
Cen Branch Ry Hee Mo Pac
N
Cen RR & B of Ga col g 5s 1937

1st pref income g 5s
2d pret income g 5s
3d pref income g 5s

95%

rvi-s

1st 5s

1st g 5s.. pi 945

103
97
Peb'05

0ct

•:,-

1992
Registered
19 10
Craig Valley 1st g 5s
A Div 1st con g 4s. .1989
2d consol g4s
L989
Warm Spr \r al 1st g 5s. .1941
Greenbrier Ry 1st gu g 4s '40
ClllC<fe Alt RR ref g 3s... 1949

Railway

97 34 Oct '04

105 34 Sale
105

91

4

93

95>*

CRIF&N Wlstgu 58.1921 A-O
M & St L 1st gu g 7s 1927 J-D
J-J

Consol gold 5s
Registered

U4

l

112*4

R&

a.

125 1gNov'03
112 88 Jan'04

9734
08*8

J.J
J-J

J.J
J-D
A-O
1934 A-O

Registered

99 H,

100 101^ lOlH-J'ly'OO
113*8118 112>2Nov'04
lo2 Ji
102=8 10234 102%

MS

112% 118

1

93
::::

110*4

5S..192)

l

92

High So Low Jlmh.

1

110*4

ft.1987
uii

1

99!aNov'04
9958 J'ne'05
99 'a Jan '05
98 "a Nov'04
97 Oct '04

*96<8

F-A

|

Imp

"ry 1

':, J'ly'05

104

11 5

'

-

95*4 Lit
95
99 58 May'05

*9738
*96'8

F-A
F-A

02
97
97''
s

9 5 4 Salt

FA

S

1

&

&

Ga RR

106

1

Sale
Sale

geu'l
A;

'.-

ioi^Sale' 103 34 104 4 114 101% 105
104 103 J'ly'05
100 >2 103

A-O
J-D 102
Nov
97
Nov

VI

99 V2

./

Low

Since

<

16 <9
134%134'i 134

Le & Hud u gen gu
•j.)
l".". 7 h
L-h <fc Wilks B :oal 5s.. 1912
L32%
on exl guar 4 '-js
'/I'll o
\sj.\i 133
N Y & Long Br gen u ta 1941
109
110
Cent l'aciiic Bet So Pacific Co
Chas«feSav SeeAtlCoasl Line
Clies & Ohio g Os ser A..A1908
39 91 "alO^ia
Gold 6s
olOl
73
90>el03
1st consol g Os
939
1750
86
93^
Registered
1939
57 103i4 108
1992
General gold 4 >as
104
lo4

Jan '05

!,

Bale'

991.^

m-j

A-O

Divlstg3%sl925 M-N

P L E & Va Sys ref 4sl941
South w Div 1st g3%3...1925
Registered
A1925
Mouou Riv 1st gu g 5s. .1919
Cen Ohio R 1st cg4%8.. 1930

of

14"

N

iJock

Asl.

HO'-,
Ill '•,

"i" 5

Registered

Am

:,

'

-j

& Xor

1

96
96
95 '2 I), c'04
90 4 J'ne'05
14 34
13 4

Sale"

Bid
94
110> 2

aJ ol

Range

e/c's

Range or
Last .sale

Aug 4

Gfl {Continued)
On- pni mon
4s. 1951
Div 1-:
.Mid Gadfc Atl DlV ".--. ..191.
Mobile Div 1st v 5s
1946
i

'halt

.Mac

;ent oi

At Coast Bine
Del& Hud

1908
1909
H
1910
1911
1913
East Okla Div 1st g 4s.. 1028
Atl Knox & .Nor 1st g 5s. .1940
Atlantic Coast 1st g4s./tl952
Charles & Sav 1st g 7s.. 1930
Sav F &
1st gold 6s.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s 1928
Bruns &
1st gu g 4s 193»
SU Sp Oca & G gu g 4s 1918
Atlantic & Dauv Hee South Ky
Austin & N
Hee Sou Pacific
Bait & Ohio prior 1 g 3 "as. 1925
Registered
A1925
M94S
Gold 4s
Registered
A1948
1911
Conv deb 4s

Cent

106

Ity

Series F
Series G
Series
Series 1
Series K

Canada South

104

Hee

Registered

&

10.!'.,

105^8
1043,

105 H, Dec '04
103> 4 Dec '04
L36Hi J'ly'01
Mar'OC
120

100

Stamped
/U995 .Vi-N
Debentures 4s SeriesE.1907 F-A

W

High
10 lv

Oct '00
L02>a Mar'02
Mar*02
11
U934 Oct '04

1021

Allegheny Valley WeePeun KB
Alleg & West Hee Butt K & P
/il995
Ann Arbor 1st g 4s
Atch T & S Fe gen g 4s... 1900
Registered
1990
Conv g 4s (subscrips)..1955
Adjustment g 4s
/I.1995

BJun&M

'.j

"a

10734 Sale 1117
100 .Sale 100
93 -a
933,
93 34 Sale
liese are pr ices
n the b

Virginia fund debt 2-3s... 1901
6s deferred Brown Bros ctfs.

Albany <& Susu

j'ly'Ofl

107
J'ne'02
Kil'v Dec '04
V,
104 1D4 J'ni-'n..
104 H P;l' H liiiv
132*4 132% J'ne'05
132
133 J
109 J'ne'05

A

M-S
/)

-.

103
104
104
132
132
108

Small

Alabama

1

i.ijw

"a

J^rtce

stock exchange
Webb Endow auo 4

-v y.

104

104^

-.1

1033.,

A-O
I'

'>>-.

103%

101 Hi Sale

1924
Louisiana new COUSOl 4s.. 1914
North Carolina cousol 48.1910
1910
6s
19»a
So Carolina 4 *28 20-40
Tenn new settlement 3s. .101;;

Railroad
Cent Hee So

'.

High, No

vriv

103*8 1041s ion
103% 101 i« hm
Hi:ii 103 s!, mi

1

is.

since
Januari/

1

S 2e cousol reg istei ed.c(1930
d 1980
8 2s consol coupon

Philippine islands

*

Last

Ask Low

Hid

V
U

BONDS

Range

Price

Friday
Aug *

91

%

91%
J'ne'05

95%

95*4 Sale

117%

W

91

120

96*4

118 L4 Apr'05
95 Feb'05
106 Oct '99

109%

42' 90
117
39 94%

...

94%
120%

97%

116i2ll8%
90

96

97

100%
106%

luO^Nov'Ol

'108

100

111%111'i 110

D

98%

O"

90%Sal<-

Sale

9S%

J'ly'04

98»s

106', J'ly'05

J

N

87*a

90%

90%

87*2
67%
99 Dec '97

10634

87% 91
85% 89%

t

Gas and Electric Light
116% 119%
118%12134 Atlanta G L Co lstg 5S...194'; .1-1
d Due Apr e Due ji»y jDuej'ne A Due J'ly
a Due Aug oDue oct

116*4 J'ly'05
J'ly'05

120

a Due

Jan.

p Due Nov sOption sale

J

A

i

1

'

BONDS

Price

STOCK KXillVNGE
wrkk Ending acq 4
ChlcASlL ««Aklii,iNi*
Cine St
A N o s 111 Out

JYulau
Aug 4

N. Y.

<

Last

Hi

i'

it

\\

eon 6a. „193<i
8a reduced to 3 H»a. 193<
Ch SI P a M in" I"' p6s 191 Nor Wuwoualn lei 8a. ..1930
St P A- s city 1st r 8a.. .1919
Chicago 1Vr it'"' s g4s...l941
i_

Cons

Coupon
Clue

w

.v

est

1

mi gen

a 6s o

1

J-D
J.D

ij-.M

"94
115

JJ

H

.6

W

an

JJ

Clev
Clev
Clev

A
A
A

AO
AO

1990 Apr

g 59.193:;
d Lor A Wh con 1st
i'wfenn RH

Marietta
Maliou Val g 5s. ..193s j.j

Pitts See Penn Co
1947
Col Midland 1st g Is
Colorado A Son 1st g 4s. ..1929
Colum A Greenr Set So Ry
Col A Hock Val See Hock Vai
Col Conn A Term See S A

90

.

;,

4

U4»aJ

JJ
FA

J'ly

A:

Dak A

1

H A II ot 1882 1st 5s. 1913
deoraiaA Ala .sv. sea a Line
1.. Car A Nor
S«* Sea A lane
Vil

'

119

Oil

iol',

Hi

132^ 134"

i"3*i 34

.

100'8

1()3-.

"99»«

"W*i

ioi"
7-1 >4

100

Hi

K13

Hi

102*8

102
112

UP,

1

1

4

l

4

121',

i31 84 136*"

7 4',

118

116HiJan'O0

Hi

alias

A Waco See M K A T
A Western 7s. ..1907

'

Essex 1st 7%. ..1914
1915
1st consol guar 7s
Registered
1915
2000
1st ref gu « 3 His
N Y Lack A~"W 1st 6s.. .1921
Construction 6s
1923
Term A improve 4s
1923
8tt Bing A N Y 1st 7s. .1900
Warren let ret gu g 3 "28.2000
Del A Hnd 1st Pa Div 7s. 1917
Registered
1917
Alt) A bus 1st con gu 78.1900
Guar gold 6s
1906
Rens A Saratoga 1st 7s. 192]
Del Riv RR Bridge See Pa RR
Denv A R Grist con g4s. 1936
Consol gold 4 His
1936

M-S

J-D
J-D
J-D
J.J

FA
M-N

AO
F-A
M-S

9

1 Hi

74 '4

Sale
Sale

J.J
J.J

Improvement gold 5s...i92s J-D
Bio Gr West 1st g 4s.. ..1939 J.J

AO

Consol and col trust 4s 1949
Utah Cent 1st gu g 4s al917 A-0
Rio Or So gu See Rio Gr So

DesMoiAFtD SeeORAIP
M A Minn See Ch A N W
es Moi Un Ky let g 6a. .1917
Det M A Tol See L S A M So
Det A Mack 1st lien g 48.1995

Eea

Gold 4a

M-N
J-D

1990 J-D
1951 J-D

Det Sou lstg 4s
Ohio Sou Div 1st g 4s. ..1941 M-S
Dul A Iron Range 1st 5s. .1937 AO

AO

Registered

2d 6s
Dul So Shore

98 >4
134*s

102
134
149
103 U
10234

104

.

10234

.

139 *s.

W

Registered

l

73
90

77
'-4

96 H>

108

HO',

120

129',

A

Atl g 5s. .1937 J.J

129*e 130
112*8 115
103 105

W

W

Erie*

Pitts

.See

M-K
M-N
M-S
M-S

AO

J-D
M-S
M-S

98
95

97

J'ne'Oo
1023,

Sep

'04

92
115

120ia 12Ha 120*3
108»a.

Mar'05

97

84
96 Hi
116

IHH1II6

J'ne*05

.

132

96»2Sale
107»6 Sale
124>2
104 34
123
103^4
135->4

115

i«

J.J

113^

M-N

117^2

J.J

116'4

F-A
F-A

101

-.N

120

M-N
A-0
J-D

Penn Co

103 Hi
110

1093s
lllHa.

.

107Hj

Gas

Coii-tnmjas
Detroit City

lht g 6a

a 5s. 1945

M-X

AO

1947
..1909 J -J

6eeBOACCo

GasgSs

1923 J-J
»- .,"*. V° con l 8 t«os...l91s F-A
KdEUUhkn
ieeKCoELAP
*d L 1U i,ee a Y ii A E L H A P
Kq Ij L.N Y 1« con g5s..l932M-S
Eq G A Fuel See P G A C Co
Ga*A h.lecl',ergCocg5s.l949
J-D
» eL
eb u .(H,» i'j
Or ftapu DCo Istg6s...l915 fa
Hudson Co Gas 1st g 6a.. 1949 M
Kau city iMolGaa lstg 5s 1922 A-O
:

.

114*al]7Hi
101 Hi 103
133 137

103 *a

100

"j)!" "95"
93 »e
93 8
88 Nov'04
98*8 10 94*4 98»8
96 Hj
107 Hi 108
124 9534 111
1 26 H2 Mar'O".
126*al26Hi
110 Mai'u5
105 110
123
123
120 Hi 123 Hi
10234 105
104
104
134*3 130H;
134 Hi J'ne'05
118 J'ly'04
116 116
116 J'ne'05
117 117
117 J'ly'05
114*4 Ho
116 Apr '06
112 "j 104
104 J'ne'05
HI
LOO
110 Hi May'05
117Hill7Hi
1 17 Hj Jan '05
1

HO'4 J'ne'05

108*aH0'4

109' e Jan'05

109' 8 109' B

113=a
68
175 Sale

113
69
171

101

I0O78 J'ly'O5
105 J'ne'03
112

/See

iio"
99*a

18

118

66

73

175

69

92
102 Hi 106 *a

.

A N Y 1st guar g 4s. 1945
1945
E1C A N 1st gist pi 63.1914
Gold guar 5s
1914
Leh A Hud R See Cent oiNJ
Leh A Wukesb *ee Cent of N J
Leroy A Caney Val See Mo P
Leh

.

1st consol gold 4a

1st 6s

lOl'i

102 7e 102*8

102 1,

187*4

99
98*4 iol

in 102

*»

l".r .'4

112

im"

109*2

110*4 J'ne'05

110*4 110*4

1

:;

*a

Mar'00

102 Hi 02 "a
L02*a
94 Mar'o3
ioi h 101*2 May'Oo
70 Oct 'Oi

io2"»a

1

-i

ioi"

IOIHiIOIHi

105" 108*

J'ly'05

108
102
100

,

li'3Hi.

Oct 'oi
lm;
LOO'S J'ly u5
106 Hi Mai '03

96
107

123

.Maj

':i:

SO
84

Jan

'06

J'ly'05

84

96

Mar'05

95 Hi 90

.

'^

.

:•/»',

.

Hi..

86
81
93

106
106*a
"9434 "96 '*8
104
103

May'Ofi

Hi

85*2

86
84

101*8 Oct '99

100 Nov'00
109's May'Oo

92H>....
104*3....

121 y4

103*2

123*6

....

120=8---.

94=8

90

Nov'Os

124

J'ne'06

1193j

Mat '04

110H> Jan '05

M-S

107
107

Mar'04

106
107

9934

IIOH1IIOH1

Nov'04

103

J-J
J-J

123*" i'2*5"

93 38 M«y'04

....

101

J-J

109*8109*8
122

122

J'ly'05

122

....

Hi

Dec '02
99»8 100>a
119 122*9
100 103*4
70% 81
Il2*all6
86
88

9934 J'ly'05
121 Hi J'ly '05
1023,
IO234

M-N 120
M-S 103
M-S
79
J-D iiS"
80
M-S
85
.

80

J'ne'o5

113
85

J'ly '05

72«8SaJe

A-0

72«8 262

72*4

63

Oct '00

J'ly'05

11734

118

114Hill5

H434

A-O

117<*g 118*4

120

M-N *100

70

76*«

117*2 120
112«8 116i4

114 34

Feb '05

H7Hal20

J-J
J-J

11038.

112 Hi J'ne'05
105 Jan '04

110*2112*9

120*4

ii'7*"ii9«"

J-J

113^4

119*4 May'05
109*2 Oct "99
115 J'ne'05

.

99
M-S
M-S
A-O 106
A-O 104*8.

Jan

99

.

116
99

115
99

'06

,

,

.

106 Hi Nov'04

V

114
100

A-O
M-S
Q-J

Unified gold 4s
1940 J-J
Registered
1940 J-J
Coll trust gold 5s
1931 M-N
5-20-71 col tr deed g 48.1923 A-0
E H A Nash 1st g 6s.... 1919 J-D

<;«•» nnd Electric Light
Lac Gas Lof St L 1st g 5s.el 919
and ext 1st g 5»
193
Milwaukee Oa* L 1st 48.. 1927
B L H A f g 6a.. .1948
I'urchaae money g 4a. ..1949

Ed

1

H7Hi Apr'05

I17*f 117*9

101
106

100 78 1<»2*9
105 106 .

.

101

Hj

Jan
99*4 Oct

H,

'0.;

.

'04

100 Hi J'ly '05
110 J'ne'04
10234 102'e

100*4 103

112

106 107 H<
120
119*8
104 104*4

106
120

Mar'02

lll3g May'05
112*8 J'ly 05

1113a 111*8

106 '*

54 104*2l06*a

112*«H2i»

J'ly'05
119 122 ,
117 119*9
ll834 Ma>'0.r
104 Hi 143 L02*a 105*4
.

104

l01 78 J'ne'04

99 \ Sale
114«8

,

36 ioi '^'103*4

105*4 Mar'03

113*2
1113,
112*2

115 Apr'06
9934
903s
114*4 J'nu'05

107^1073^ 107 34

1O0H

*

ChG
1

00

loo

9

L27
»4

'"'

ly'H.-.

Id
110
91>9
n*i ', 106
105
116*9-...
101*9....

114' 8

76

H5

•

97HilOO%
114*4 117

;

1

,;

'.'..'.

tfay'OS
ly'o;

]07»4

1

Hi

Mil Fuel
a K68. 1941
use Lighting lal g
renion '. & El 1st % 68.. I'.M'.i
Weatcheater Ltght'a

!

Due Feb

I

ii

Due Apr eDueMoy ADuej'ly «DuoAng

'

19 *4

a*7Hi

•

Hi

HIS
103
106 *a

no

106

I

Purclnfle

.

:

I

:

106*4
113*9

.T'lv'o'i

109

:.u a

109*4
105*2 100*8
92*«
92
111*9

8 IO734

1

I

105*4

110*4

*.|

I

91

latgugS
i,

'

109»*
'Tay'05

92«g
l09'*4

'

I

.

.

A-O
A-O

M-S
1.0111KV& Naaliv gen g 6s. 1930 J-D
Gold 5s
1937 M-N

..-.

t

'

Apr '05

J-J
J-J

:

BAM Blstcong5s 1935
Y A R B 1st g 5s
1927
Nor ShB 1st con ggu5s 01932
Louisiana A Ark 1st g 68.1927
Y

.v I'.i-s ij <t B con g 68.1949
Peo .as A
1st con g Os. 19
Refunding KO id 6a

89 Hi

b

3

109

J-D 101*2.
M-S 101
98
J-D
M-S
1023b
J-D
gold 4s
M-S 102»«
Mont lstg 6s. .1911 M-S 107'»
1911 M-S 104 <8

N*

Nov'03

'ii.-.

I7(J

i'oo"

1938
1922
1932
1949
1934
1949

El 111 1st conv g 5s.. 19 10
1st consol gold 61
1995
)J
lal eon g 581930
d RloJa 1. as lsi g 68.192]
!

May*06

».

Lo6*aJ'ly'04
103 J'ue'Oi.

105

O-J

ft.1931

General gold 4s
Ferry goid4His
Gold 4s
Unitiedgold4s
Debenture gold 5a

N

1°1 S

101

107

Long Dock &ee Erie
Long Isl'd— lstcong68.ft.1931 Q-J

Guar ref
Bklyn A

IOP4

M

W

1

99*a 108 »a

01 Hi Oct '01
91
J'ne'05
10734 Deo '00
109*9 Fell '1

100

89

LAN

6'ee
A St L
Knoxville A Ohio See So Ry
Lake Erie A 1st g 5s . 1937
2d gold 6s
1941
North Ohio 1st gu g 6s.. 1945
L Sho A Mich S .See T Cent
Lehigh Val(Pa)cons g 4s. 2003
Leh Val N Y 1st gu g 4 His. 1940
Registered
1940
Leh V Ter Ry 1st gu g 68.1941
Registered
1941
Leh V Coal Co 1st gu g 58.1933

r.i

89*4

fi"

:

L02*sMay'0f

1950 A-0

LAP

114

I

U((SI»rv—4 ontinued on >ext 1'ase.

J'ly'05
J'ne'05

El L& Pg6»...1937 A O 109
money i)«..
19117
J'ne'05
Xd El II Rki, lal con « is 1339 AJ OJ 122 Hi 124 123
94 Hi Apr
JMopnce Friday; latest bid and a* iced this week, a Due Jan

KlxgsCo

UOHi

Llectrlc laulu
It '-..ii

io

3s. .1950

Registered

MimiK I.I.A SEmiH
Han nnd

108 34

107

98HjJan'04

9 3 76 Sale

M-N

.VI

117*812034

12034

110HaJ'ne'06
114 Hi J'ly'05
103 Feb '06
134Hitoay'05
130 Aug'03
101*4
10 3,

114 Si.
105

1

'

N

II334 J 'iy '04

10834.

I

101*4

10534

A'eeStLASF
See M K A T

Kentucky Cent
Keok A Des Mo

95
70
90
114

10834 J'ly'05

114V

'4

nnviJ'iy'O.-.

'.".'.'.'.'.

O g

Registered

92 Hi
92 Hj
116^ 115 J'ly'05
116

\l.l

1

I

1

g 4s... 1932 M-S
5s.. .1951 J-D
1951 J-D
1951 J-D
1951 J-D
Meiuph Div 1st g4s...l951 J-D

KCAMKAB

934,

112»e.

24

I

106*4
II

110*a.

*

1st

1/alAAGR 6e«LSAMS
M

95*8 J'ly'05
8144

'-j

1

W

May'05
Aug'01

100

1

104

102

1952 A-0

Kan C A Pacific
Kan City Sou 1st gold

F-A
A-U
J-D

AO

1

St L Sou 1st gu g 4s.. ..1931
Ind Bl A West See C C C A St L
134 134H; Ind Dec A
1st g 5s
1935
1st guar gold 6s
1935
103*4 i03*4 Ind 111 A la 1st g 4s
1950
102 100*8 Int A Great Nor lstg 6s.. 1919
142 Hi 142 Hi
2d gold 6s
1909
3d gold 4s
1921
100 102 Hi Iowa Central 1st gold 5s.. 1938
Refunding g4s
108 109Hi
1951
Jeflersen RR see Erie
107 Hi 110
98 101
94*2 Ivan A Mich See Tol A O C
89
K C Ft S A
See St L A S P

101
lOlHi
106»4
108 Apr '05
108 >ti
108 J'ly'05
100 Sale
99 Ha 100
90»4 9134 9134 J'ly'05
9334....
d7 Jan '02

lol'« Sale

M-N
A-0

96 J-J
1951 J-J
l'.Cl J-J
1951 J-J
1951 A-0
1951 M-S
1952 A-O

105 Hi 108

142HiMai'05

J.J
J.J
J.J
J-J

J.J

at

LA

Hi

So

Xlgin Jol A East 1st g 58.1941
Kim Cort A No See Leh A N V
trie 1st ext gold 4s
1947
2d ext gold 6s
1919
8dext gold4Hi8
1923
4th ext gold 5s
1920
6 th ext gold 48
1928
let consol gold 7a
1920
let consol g fund 7s
1920
Krle 1st con g 4s prior. .1996
Registered
1996
1st consol gen lien g 48.. 1996
Registered
1990
Penn coll tr g 4s
1951
60-year conv 4s A
1953
Bull a Y A Erlel8t7a..l916
Butt A S
gold 6s
1908
Clue A Erie 1st gold 5s.. 1982
Jell RR lstgug5s
al909
Long Dock consol g 68. .1935
Coal A RH 1st cur gn 68.1922
Dock A Imp 1st cur 6s.. 1913
N 1 A Green L gu g 6s. 1946
N V Sue A 1st ret 5s. 1937
2il told 4Hia
1937
General gold 5s
194i
Terminal 1st gold 5s... 1943
na 45,000 each. ..1943
aff.dfiB.OfNJ lstg 6s. 1910
Wlik A fc-a 1st gu g 5a. 1942

1

Chic St
N
Registered
Gold 3H28
Registered

130

1

Ga

gold 3*38

CarbAShaw

128% 13134
127

Feb '03

'04

Mar'O*
116
89

16

101*2 Sale
101*4 Sale

A Tex gold 4s ...1963 M-N
Registered
1953 M-N
Cairo Hndge gold 4s
I960 J-D
Louisville Div gold 3*a8.1963 J-J
Middle Divreg5s
1921
Omaha Div 1st g 3s
1951
St l.euis Div gold 3s
195]
Registered
1951
Gold 3Hi8
1951
Registered
1951
Spring Div 1st g 3H28...1951 J-J
western Lines 1st g 4s. .1951 F-A
Bellev A Car 1st 6s
1923 J-D

116Hill6Hi

107
96H; 100

Sep

inf.

100

6'ffSoPacCo

Illinois Central 1st g 4s..

g 3*28
1st gold 3s sterling
Coll Trusi gold -is

1937
1916 J.J

ot Mlnn SeeatPMAM
V"*
XJaat Ten Va A
See
Ry

A TexCeu

lioiisl

101
71 a 84

15\

110

Apr '06

I

J

AO

AO

l'

Registered

101 \ Sale

105 h.

Oi

ll-l

HAH

I

98
21

Feb '04

109=8
108 Mar'05
126*4 126 76 126*4 J'ne'05
130 128 H2 J'ly'05
127 J'ne'05
100*3....
127*al33*a 130 Hi J'ne'05
lllHa
112>8May'05
102=8
104 May'05
107 Sale 107
107

.M-S

A-0
A-0
M-N

J

L JV

75

101

s'.c.

J J
l'.i'Jl
192] Q.J

11 -Is

Regiatered

J'iy*'05

112

i*a

L2*a

1

I

Extended

71'4 Sale

.I'ne'ii.",

in

1

'/iijH.

1.

Ky

t

90'4

100

A

-Vi

I'

1

D

A

1

J"iy v05

HOHi

lllltll

C.'l

JJ
J

Greenbrier Ky 8m Cbes
O
Hull A s 1st rel A
K 6a ''l'.'.V- J-J
s
.j„
an
A
nff
15
C
A
||
Q
I • 011s. Home. Bet N Y
N
Hock Val 1 st consol g 4 His. 1999 J-J
Reglatered
1999 J J
Col A H V 1st ext
4a. .1948
oust E A
Tex Set So Pac

CM

Moms A

1

1

104HiNov'01

4

/.OIK

I20*a
ill
lie
1

I'ilcCo
Set \ \ Cem
Set Penn KK
Set St i. S w

'

1st

100

A -(>
A
J-J

.SlIICI'

/anuary

SM SO

Nur
uawegat

Registered./!

1

121 >8

>v-

a tnl Rap<S
rut
uray's Pi Derm
.1 Nor—C HA- Q00U

I

til

J'ly'05
102V,J'ly'0B
112»8J'ly'06
121-'4 J'ne'05

115

10.1

100

98H

B"eb'05
a.ng'03

Jan

I'll

GA

\'

,,iuv

I

103K,
loo'i J'ly '06
I00»a Mar'O.
n'j'j.riy '05

100

6'M SO

irifia I'.ieillc

103 *s 103
....

Atk

or

1

i.ila

100*4 ....
100>4....

A

Remgt

i-K'S

1

si

p

116

0."

Pas Rivs 1st g 48.1943 A-0
A St I
Gt So See

Del Lack

W

I

I

W

Conn

1- 1

.

»'''.

1

QF

Init Bl A- \v 1st prel 48.1940 A-0
\V 1st pt 5a...itl938 i^-J
Ind

4s. ..1940

.

1

I

98

1

1

104 Hi Deo '03
113
Oot '00
May 'OB
110

.

100*4
99*4
100*4
94 Hs
104*9
106
101 S; 103 H L03

1

A

l'

115

MN

Cm

Peo A Fast 1st con
Income 4s

'-j

1.3

w

O

90

BR.H'

1934

94
115

i

JJ

Registered

j-

cons 6a

1st

11

1.(1

1

,

in'.',

Cm

I

1

9ii>4 J'l> '06

1

cm

138

J'ne'OC

L36
i'."'

i

-

i.'

T

,c

general cold 5s
1941
Mt Vernon 1st gold 6s. .1923
sun Co Branoli lal g 6s. L93U
.
a ml si eon gug6s..l926
L'argo a So til* 'ii M A si r
I
imt a fere M
St Pere Mai
1.1 1' A
IVnm Set Sea Air .in.
si U 1» Co 1st g 1 Ljs. 19il
A- Den C 1st g 68
1921
\V A Km ur 1st l' Is. ..1928
':il liar A > A
See So PaO<

'Ofi

Mar'i

100*4
103

000801 s

t>

koIii t>ea
1
Let
1st
I

M'l

•a

AO

.1

i^'s.riy'o;.
Deo'08
08

H>

131
L2S

J

7a.. .1906 \ O
19S' JVI N
Be.. .194
4a. 195a
ra
C 1 st L>iti' 6M C C C A St 1
St L
Cin 8 A C SM C C
Cleartiel.t A- Mali .S'r«
Clev
CA- SI liRena 4a 1993 J-D
1931 JJ
Cairo i>iv 1st nolii 4a
\V * M Div 1st g 48.1991 J J
Bt L Div 1st Ml tr g 4s. .1990
1991 M-N
Registered
Bi<r* Col Div 1st ft 4S.. 1940 M-S
VT
Val Div Iatg4a...l94l J.
C 1 St J. it c consol 6a.. 193U ,vvn
fcl936
1st gold -Is
fcl936 S-F
Registered
s >t ci eon 1st g 3s .1928 j.j
consul 7s
1914 J-D
.v
1914 J-D
iol smk [unci 7s
gold
consol
JJ
68.1934
General

M

Cin D A
Cin ,i

136 Ts

M-N

Que A W m u'U >'< Pere Marq
ChooOA Gull SM I'll lA P

Cm

t

1st

ott

982

us

v.i

SwPennCi

tta

ug a

.1

Low High

Vo

II

Range

/iH'ini

/d.i

<"<'

Chit-

545
/Tied

KK KN1HM1 ACI1

I

I

2

STOCK i:\CHAXCK

\. Y.

Sine*
J fin

it

Ask Low

n'tu

,

BONDS

H'ea***

Ku

V

j

I

Bond Record— Continued— Page

5 1005.1

.

'

.112
a

1

In

1

:

One Oct

'4

I

q

Do

•

Bond Record— Continued— Page

546
;;o.\i>s

Price

STOCK EXCHANGE
Wkkk ENDING Aif)

N. Y.

1

Loutsv

Naahv—(Continued

<fe

>

LCin & Lex

goliUHzs..
gold Os. ...1930 J-J
L930 J-J
2d (told 6a
Pensacola Div gold 6s... 1920 M-S
ftfl-S
gold
1921
6a
St L Div Ut
1980 M-S
2<1 gold 3a
tsfgC 1.1933
Sendi c Bdgi
Kent nek \ !en1 gold 4s.. 1987 J-J

N

M

0«fc

12

anhattan Ry consol 4s. 1990
1990
Registered
Metropol El 1st g (is.. ..1908
Man S
Colomz g 5s. ...1934

N

A-0
A-0
J-J
J-D

Y Cent
Metropolitan El See Man Ry
gold
4s. .1911 J-J
Mex Cent consol

FA

Mex Internatlstcon

g 48.1977
1977
Stamped guaranteed
Mex North 1st sold 68.. ..1910
Y
Cent
Mich Cent See N
Mid of N J See Erie
See Chic <fc N
Mil L H &
Mil & Mad See Chic & N
& St P
Mil & North See Ch
Minn <fc St L 1st sold 7s. .1927
1901
Iowa Ex 1st gold 7s

121*2121

75

j'ne'02

118

Nov'99
JTeb'OS
96*!

'-2

Mar'06
L12*2 Mar'05
ll."< '4 Mar'06
no Mar'03
90%j'ne'05
llfi

1st gold 6s. ..1921

South West Ex lstg

7s.

1910

1934
1st consol gold 5s
1st and refund gold 4s. .1949

DesM& PtD lstgu 4s.. .'35

L gu See B C R & N
MStP&SSMcong4intgu'38

M S 8 M & A 1st g 4 iiit gu 192G
Minn Un See St V M &M
Mo Kan & Tex 1st g 4s. ..1990

104

Apr 'of>

106

109

J'ne'05

8

.

KaAAO

2d gold 4s
1st ext gold 5s
St L Div 1st ret g 4s.. ..2001
Dal <fe Wa lstgu g 5s.. .1940
Kan G& Pac 1st g 4s. ..1990
Mo K & E 1st gu g 58... 1942
1942
K & Ok 1st gu 5s
K & T of T 1st gu g 5s. 1942
Sher Sh & So 1st gu g 5s. 1943
Tex& Okla lstgu g5s... 1943
1906
Missouri Pacific 3d7s
1920
1st consol gold 6s
Trust gold 5s stamped. al917
Registered
al917
1920
1st coll gold 6s
1945
40-year gold loan 4s
Cent Br By 1st gu g 4s. 1919
Leroy&O V A List g 5s 1920
Pao B of Mo 1st ex g 4s. 1938
2d extended gold 5s... 1938
St L Ir M& Sgen con g 5sl931
Gen con stamp gtd g 5s 1931

M
M

& ref gold 4s. .1929

EiV& G Div 1st

g 4s. .1933
1st g 5s. 1926
Verdi V I <fc
Mob <fc Birm prior lien g 5s 1945
1945
Mortgage gold 4s
MobJ&K C 1st cons g 5s. 1953
Mob & Ohio new gold 6s.. 1927
1st extension gold 6s..A1927
1938
General gold 4s
Montgoni Div 1st g 5s. .1947
St L & Cairo coU g 4s..el930
1931
Guaranteed g4s
& O coll 4s See Southern

W

Pitta .McKcfe

vs

1st

158

Sale

77

78

22

16*3 Sale

13*8

24 *s tee
15°b 135

97*4 Sale

97 '4
00%
90% J My '01

u

19
11

26*2
17*8

94*3

99*2

122%

V lstgu 68.1932

135*8 138

M

137 J'ne'05
108 34J'ne'05

137

120*4 Apr'05
113*4 Mar'05
114*4 J'ne'05
97 *a J'ly '05
96*2
96

120*4 122
113*4 113*4
114*3 117 34
»5*a 98*f

96 14 Sale

J-J

137
lOS^lll'^

2

J

100*3 101*8 101*8 101*8
103 Nov'01

J-J
J-J

96

98*4

99

102 34

A-O
M-N

102*4 3 100*2 104*4
102*4 Sale 102
86*4 Sale
88 34 100 P4 34 88 34
86
106*4
106*4 106*4
103 34 108
92*4
91*a J'ly '05
87
92 '4
105*4 Dec '04
108 Hi

F-A
A-0

112*4 114

1

9^

93

i'6*4 J'ly'i'5

M-N
M-S

107*8108
li)8
109

J-D

l06'«8J'iy'05
105 108*1 106 J'ne'05
10434
104 34 J'ly '05

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

Sale

I'.-A

J-J
J-J

A-0
A-0
J-J

M-N
M-S
J-J
J

107*4 Sale

94*e
95°8
104«8
103
116*4

92*4

128
124

Q-F

90*3

J-J

99

109*3
107*9
10838

103

105*s

U8 34

U5*8 119

96%
98

129

122

126

96*2 99
113 34 115%
95
95

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

toStPM&M

Mont Cent
Morgan's La & T See S P Co
Morris & Essex See Del L &
St L 1st 7s.l913
Nash Chat &gold
1928
5s
1st consol
Jasper Branch 1st g 6s. .1923
McM M & Al 1st 6s.. 1917
T«feP Branch 1st 6s.. ..1917
Nash Flor & Shef See L & N
Nat of Mex prior lien 4 Has. 1926

W

A-0

120*2122
115*4 116

J-J
J-J

117*8
113*8

121*8 121*8
115 J'ne'05
120*8 J'ly '05
117*4 Mar'05

J-J

112*2

113

J-J
1951 A-O

New H & D teHYiNH&H
N J June BB See N Y Cent
New & Cin Bdge See Pen n Co
NO&N E prior lien g 6s ^1915 A-O
N Y Bkln & Man Bch See L
N YCent<& H Biv g 3*2S. 1997 J-J

N
N

Begistered

J-J

y0*4May'O4

,

118*

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

FA

;

99'<s
ibl 34*Sale" 101 38

90*8 Sale
Sale

90

89*4
87^4

J-J
J-J
J-J

106*4

A-0
J-D

89 a

J-J

99*2
99 V

99»8

23
6

4

W

OInd &

107

125*3.

13134 Apr'03

'<

110
132
130

1]

105»s

Sale

107*2107*3
104 106

104%

106%

103

103*aJan'05

103*3 103*a

111*4 Feb'05

111*4 111*4
1 33 Hi 1 33 *3
132*3 132 34

132*3 May'05
132*3 Dec '04

130%

103
103
99 34 J'ne'04
99*2 J My '05

100

104%

97

100%

97 Sale
93*2
97*2
1U6 34
109 Hi Feb'05
103
103
103

94*3 97%
109 Hi 109 H»
100 103

105% 106

J'ly '05
99*2 J'ly '05

104 34 100%
103 *2 105*4
75*3 78*e
74Hi 77
99*3 101

122%.

125*3 Apr '05

117*3.
111*3.
108 4
100*4.
92*3.

I25*al26%

132

104*2
77*2 Sale
76*3

99 3

4l00'8

105% 106 H104% J'ne'05
77
77

78*8

J'ly '99

112*4 J'ly '03
109 J'ne 05
100*4 Apr '01
92*2 Apr'05
116% J'ne'05

;,

.

113%.

See

CCC&

RR

N
&N

114%.

107 34 109
99% 101
92*3 92*3
115 116*a

18*4 Feb'05
ll*s J'ly '05

118*4 118*4
111*4 113*4

100*4

101*4 J'ly '05

113%115

114% J'ly '05

99*4100*3
112 115*3

104*4

102*2104*3

Ill

.

W

104*3

104*2

102
108*3.

<fe

3
)
90 3

115

2d7s
3d 7s
Penn BB

C guar

D 4s guar
E

113%
113%

1942

11134

194:

103\

3*2 guar

107

104*4

*

.

101%

.

*s

110

Jan

107

106

101*8101*4
101*4 107

'05

111*4 J'ne'05

.

114*a

'02

...
106 Aug'O:-:
101*4 101*4
101*4
104% 104*4 104
102 Nov'97

110
109

113

112*4ll334
112*3113
103 103
10 93
93%

Mar'04
Apr'04
Feb'05
111*2 Sep '04

110
101

Iexlst gug4*3sl941

98%

117% 120

J'ne'05

121
119
107

119
*105

A1912

011

94

127% Oct

BRR&

GrR&

106

94
97

113 J'ne'O113*2 J'ly '0.=
112*aJ'ne'0£
103 J'ne'05
93*-,
93*3

93*2 Sale

1st real est g 4s. 1923
Consol gold 5s
1919
1943
Consol gold 4s
Convertible g 3*4S
1915
Convertible g 3*3S
191i
Alleg Val gen gu g 4s... 1942
CI & Mar 1st gu g 4*3S..1935
Bge lstgu 4s g.'36
D

Apr '02

106

J'ly '05
J'ly '05

96 Jan '04
102 Nov'00
98 34 Apr '04

97
97
104

1949
g
W& C 1st 7s...
1912
1912

108*4 111*4

Jan '05
Nov'98

10S*4Aug'03

116*s
98*3
97*4

C Bdge gen gu g4*3Sl945

Series
Series
Series
Pitts Ft

106
102
94
98
120

.

PCC&StLgu4*2SA...1940
Series B guar
1942

Apr'02

108*3 J'ly '05

93*4.
* 94*2
9o*4
119*8.

&

98 34 100*8
99 100*2

103

*«

Mar'04

133^ Jan '05

103

CI
P gen gug4*2Sser A. '42
Series B
1942
Scries C 3*2S
1948
Series D3*28
1950
Erie& Pitts gug 3*28 B.1940
Series C
1940

105*8105*8
79 34 83*4

10

Mar'05

107*4 Feb'05
105
103

104% 104%

104

1921
Guar 3*28 coll trust ree.1937
Guar3*2SColltr ser B...1941
Tr Co certif'8 gu g 3*28.1916
C St L <fc P 1st con g 5s. 1932
Begistered
1932

107*2 J'ly '00
105 Oct '02

106

119%

101

105

1991

&

.

106

117*2

104

St L
hio River
1st g 58.1936
General gold 5s
1937
Ore <fe Cal See So Pac Co
Ore RR & Nav See Un Pao
Ore Short Line See Un Pac
Oswego & Rome See
YO
O C F St P See C
Oz'rk& Cher C 1st gu5s g.1913
Co 1st g 5s
194b
Pac Coast
ac of Missouri See Mo Pac
Panama 1st 8 fund g4*2S..1917

.

M-S 100
F-A 101*2

11(1*2

1937

Begistered certific's..l923
St Paul & Dul 1st 5s.. ..1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See So Pac
Nor Wis See C St P
&
Nor & Mont See N Y Cent

J-D

A-O 105

11H

103
105

C B & Q coll tr 4s See Gt Nor
St P & N P gen g 6s
1923

121

130 100*4 102%
90
97 9034 93
4
89
89
19 89
90 34
91*8 79 89*4 91*4
89%
90 J'ly '05
89
90
105 3e J'ly'05
105% 107
102 Mar'04

95

19*3 Mar'05
118S. J'ly 'Of,

1

Registered

*•,

.

105

113 34 Jan'02

lien g 4s.. 1997
Begistered
1997
General lien gold 3s
o204
Begistered
a2047
St Paul-Dul Div g 4s. ...1996
Begistered
1996

107*2.

101
90

105% Mar'05

1

Nor Pac— Prior

N
99*-.

124
120
106

<fe

115 34.
99*4

124
119
106

1

<fe

117*4 117*4

07

124

Jan '08

.

101%

CC&Tlstgug5s
1922
Scio V
N E 1st gu g 4s 1989
North Illinois See Chi
NW
North Ohio See L Erie & W

J'ly '04

105' 8 May'O5
105*8....
82*2
E2*4 82*3 82

124

97*4.

lstl& gen g4s... 1944
Pocah C & C Joint4s..l941

120*4 123
114*4 117

119

Maj'05

().-)

Div'l

....

110

110

Ill

111*3

Next Page

Telegraph and Telephone

Coal and Iron

Trust Coctfs
Col Induslst conv 5s gu A. 1934
1st conv 5s gu Series B. 1934
Contin'talC lstsf guosg. 19 V2
Gr Riv Coal<& C 1st g 6s.. 1919
Jeit & Clear C & 1 1st g 5s. 1926f
2d gold 5s
1920
Xan&HC<£; Cist sfg5s. 1951
Pleas Val Coal 1st g a f 5s. 19 2 8
Tenn Coal gen 5a
1951
.
Tenn Div 1st g 6s
a 1917
Birm Div 1st consol 6s.. 1917
Cab. C
Co 1st gu g 6s. 1922
De Bar C & 1 Co gu g 6s. 1910
V Iron Coal <fc Co 1st g 5s. 1949

.

.

74

<fe

UlSCELl^ANEOUS BONUS— Continued
Col Fuel Co gen gold 6s... 1919
Col F & I Co gen s t g 5s.. 1943
Convertible deb g 5s
1911

1951
1962

N Y & Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack & W i'eeDLi \V
N Y L E & W See Erie
N Y & Long Br See Cent of N J
NY&NE SeeNYNH&H
New York New Hav & Hart
Housatonic B con g 5s. .1937
N H & Derby con g 5s. .1918
N Y & North See N Y C & H
N Y O W ref 1st g 4s..ffl99:
Begis $5,000 only
#1992
N Y & Put SeeH Y C&H
N Y & B B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
Nor& South 1st g5s
1941
Norf & West gen g 6s
1931
Improvem't & extg6s..l934
New River 1st g 6s
1932
N & W By 1st con g 4s. 1996

1

Registered
1997
1934
Deben g 4s
Lake Shore collg 3H2S...1998
Begistered
1998
Mich Cent collg 3 *3S.... 1998
Registered
1998
Beech Creek 1st gug 4s. 1936
Begistered
1936
2d gu gold 5s
1936
Beech Cr Ext 1st g 3 Has &1951
Cart & Ad 1st gu g 4s. ..1981
Clearf Bit Coal 1st 8 f 4s. 1940
Gouv&Oswelstgug5s 1942
Moh & Mai 1st gu g 4s.. 1991
J June R gu 1st 4s.. .1986
Y & Pu 1st con gu g 48 1993

1940
1940

Registered
S 1st g 3*3S

L&

Penn Co— Guar 1st g4*2S. 1921
J-J

M;i>'05

124
139

\pr'04
124 Feb'05
119 J'ne'o".
106 J'ly
106*3 Nov'Ot)

.

Sink fund subsidy g 6s.. 1910

W

102

99*3 1' 1*4
100
103*4
102 103*3

li

M

93*4 93*4
95*2 100*4

125 34

Hi

.

121
119
106

lli:il

g"

125«8

93 34
94

108

1931

.

110%

116*2
11

1I)?-'V

114*4.

1st g 6a I91fi
1st consol 6s. 1909

B W&Oconl8text5s./il922
K 2d gu g 5s...el915
R W & O T B 1 st gu • 5a 918
Utica& Blk Biv gug Is. 1922
N Y Chic & St L 1st 4s. 937

107

104*2110

96*3May'05
112*3117

96 3a
114
108

Hi!** 11,2

2

]i

Oswe<fe

107*4
107*4
107 110*2
95*8
96*4 130 94 34 96*4
98*2 J'ly '05
98*2
95

93*4 Apr '05
98*2 OS's
98*3
130*2 125 34 J'ne'05
126 126 J'ne'05

M-S
F-A

122
103*3

110 Mar'05
105- J'ly '05
1 18 34 J'ne'05
116*4116*2 116*2 116*2
109 34 Oct '03
93»4 94*8 93*8
94
* 95«4 96
95*8
95*8
102
112
lll*aMar'04

J-J

J-D

122

108% 108

M-S
F-A

111
104*8
106
107*2
104*2
103 34
121*2
106>3

1063s

122
108

%

94

114 J'ne'05
107*8 107*2
103 *3 J'ly '05

107*3 iVo"
107
lo««a

1934

Begistered

May'00

1

122

1

120

,

102% Sale

Bat C & Stur 1 st gu g 3s. 989
N Y <fe Harlem g 8*38.. .2000
2000
Begistered
N Y & North 1st g 58.. .1927

138*3
108*8
110*4
1153s
97*2

100

Since

January

High Ao Low Hk]Il

L07*a
108
10 i'v.riv'05
99*aJ'ne'0i

78.1906

1st g 3*48

73*8 79

Sale

lOIJI-i

gu C58.1938

Registered

J

Range
g P

108% 109 *f u*&K"io9"

108

MoKeesA B V

Mich Cent

Ask Low

Kit 1st 58.. 1934

2d guar 6a

99*4

Mohawk & Mai A'eeNYC&H
Monongahela Biv See B & O

•No price

1st

li

Mahon CM

104 107
104 104
106*8 109

2 4 * 8 Sale

105

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

J-D
f/1990 F-A
1944 M-N

M

:;

Week's
Range or
Last Sale

4

Bid

2861
1997
1997

5s

1°4

104*4

M-S
M-S
J-D

St

1st consol 4s

gold

!

Registered

98*al0u»4
llo llo
LU
97*4
96
114*2 1 16*,
112*2 113
115'4 116*2

W

M

Lake Shore

Debenture ^ 4s
Det Mon &. Tol

99*4

Aug

1st gu v 68.1916
lit 48 gu... 2361

Registered

*a

W

W

Unified

Mont
West Shore
-Nor A.

121 HsMay' 5

104*4 Sale

77%

1st consol income g 3s.<xl989 J'ly
2d consol income g 3s..al939 J'ly
1919 A-0
Equip & coll gold 5a
Coll tr g4*2S 1st Ser....l907

<si

109
130*3182

iTice

tYiday

Wkkk E.noi.vo Acq 4
N v Out & 11 r_(Contln

4a

Mahon

Minn

Ki h

128*9 126*8
111
114

90

105
99*3

II

126*3 Feb'05
114
Apr '06

no

112%

Low

1

109

J'ne'06

loo-%i May'Ofi

115*2
110*8

Ch See CI&L
LKA4 Coal
See L S A M S

Ex

101

96

I

I/O

Mar'05

109
132

N. Y.

January

1

io:»*4

!

I

B V See

liiiRi

129

1

100

946 M-S
'-J*
L& N <fc M A- M
48.1962 J-J
L<fc N-South M
N'Fla& s 1st gu b 5s... 1931 K-A
Pens & Atl 1st gu g (is. .11121 K-A
S «fc N Ala '-(.ii •-u g 6B-. L936 K-A
1910 A-0
sink tun. gold 6a
L<fc Jcril ;dve Co gug 4s.. 1945 M-S
1st g 4
loini

V

Since

or

High

Ash Low

112
122 '4
70

MS

I

Pacific

Last Sale

'

(

W&

A tig 4

lei

N04M

McK'pt

Range

Bid
M-N 109

BON ON
STOCK EXCHANGE

Kanye

Week?*

Friday

LXXXL

i'VOL.

3

105
101

103
94

733s Sale
71 Sale

Am Telep & Tel coll tr 4s

107*2 Oct '04
103*4 J'ly '05

90

J'ly '05

87*2 Apr'05
73*4
75'8 32
70%
74*8 133

102
85
84

105*4

90

M
66*3

107%Dec'O4

89 *4
76*4

74%

102*4 J'ly '04

107 May'97
102*2 Oct '03
104*4 104*4 J'ly '05
105
Oct. '00
98*3
98 Hi
109*3
llo J'ne'05
110 113*4 112% J'ne'oo
102 Dec '03

104*2 107

1023,,

iKiiiibo"
109*3 111

'

'•'

104% Mav'05
89

90

89

8934

Friday; latest bid and asked tuis week,

a

'4

U0

34

103
25 80

Due Jan

Due

112%
105

1929
Cable Co 1st g 4s. .2397
ErieT<fc T col tr gsl 5s.. 1920
1918
MetT<& T 1st s f g5s
N Y & N J Tel gen g 5s.. 1920
West Union col tr cur 5s. 1938
Fd and real est g 4*2S...1950
Mut Un Tel s fund 6s. ..1911
NorthwTel gut 4Hz»g..l934

Comm

Manufacturing

eb

It
110*4

ivl-N

"104*3

J-J *10034

1951 F-A

4s
.lay

g

Dae

.

Oct

109*2 May'05
105*4 J'ly'03
IIO34 J'ly '05

103

Hj

98*a

'99

109*2 109

H>

i08%il3"
104*2 107%
110*4 110*4

J'ly '04

Industrial

«Sr

1

Due

,

96

Dec '04

J-J 110%112
106
M-X 106 Sale 106
110*4 Mar'05
M-X 107

t

e

92
109

M-N

1915 Q-F
Am Cot Oil ext 4*as
Am Hide* L 1st s gOs.. 1919 M-S
Aiuer Ice Seoul' deb g 6s.. 925 A-0
Am Spirits MIg 1st g 6s.. 1915 M-S
Am Thread 1st col tr 4s. ..1919 J-J
Am Tobacco 40-yrg 6s. ...1944 A-O

93*4
l

96% J'ly '05

J-J

ue

zi.iJue.jly

973s 93^
98*2 Sale
79*4 Sale
89*a
115*8 Sale
75 Sale

p Due .Nov

98%
97%

983,.

79
98

7:'*4 13.

J'ly '05
89*4 J'ly '05

115%
74
s

1

98*2

46
.

9S%101
96*3 100*4
77
79HJ

94

87*3
lh2 110i4
116
76*. 706 71

Option

.

sale.

98
90

H8*4
77%

Aug.

W'KKK ENDING Al'Q

gold4H»s

•j,:

4

M

1st consul gold

100

W

Hi oh Si
Lcno
i09 SsJ'iy'o;>

Low

w

1

iio'sisoiV'b'i

V Jan

123

100 103
106 1*

Si

'0.

'

8

123',

Apr 'OS
U9Sj 123

121',

118* lUHl 113

J'ly'Ofi

115

J'lio'C".

114

....

123

J'ly'04

L01
LOS

I2P4

121-U

'

112
111

115 J4

Hee Penn Co
<fe
Pius Ft
19
Puts Juno 1st gold Os
Pitts & L trie 2d g 6s... o 192,-

118

119 1* Apr'01
137 lSov'97

lib

1943

Puts a Weal .v< B a
Pitts X A Ash 1st con 58.1927
199i
Heading Co gen g 4s

119

S,

101

116

May'OB

Lie

IU2 3

1U0 T8

Sale

109
76

10(5 Si

76

75

S9

1940

Guaranteed

Mar'05

109

J'ne'05

75
89

Jan

89

'05

109
77
89

See

Pitts

1033«

1941
Rutland 1st con g 4Sis
Knt-Canadlst gug 4s... 1949
Maru
Pere
11
Hee
Tus &
Sag
I Jo A lit Isl 1st g 48.. .194i
bt Law <fe Adiron lstg 6s. 1990
199b
2d gold Os
St L & Cairo bee Mob As Ohio

May '04

lOmiNov'Ol
95 78 J'ne'05

93 Si 94
125
135

93

s

St L«fc S

RK cons g 4s. .'90

F

Southw Civ lstg

1961

6-year gold notes 4 Si. .190b
C Pt S A Jl cone tie. .1926
K C Pt S & Ky ref g 4s 1936

K

102
bb 34 Sale

102 J'ly'05
88 Si
88 76

....

122
89 14 90
102

M

XC<fcMR<fcBlstgu 68.1929

96

Lee '04

125

J'ly'05

89'*

79

89 s4

24

,

Cent
Bt Louis So
St L S \Y 1st g 4s bd otls.1989
2d g 4s inc bond ctls...2>1989
193?
Consol gold 4s
Gray's PtTer 1st gug 6s 1947
Bt Paul & Dui Hee Nor Pacinc
A Man 2d 6s.. .1909
St Paul
1933
1st consul gold 6s
Hee Illinois

98 34.~.
84
84 Si
82

M

Sale

to gold 4Sis.. 1933

Registered.
1933
Dakota ezt gold 6s
1910
1937
Sloni ext 1st gold 4s
Registered
193
£ Minn 1st div 1st g 5s. .190b
Nor Dlv lBt gold 4s
194b
1922
Minn Union 1st g 6s
Mont 1st gu g os
1937
Registered.
1937
1st guar gold 6s
1937
Will & S P 1st gold 6s.. 193s
Bt P <fc Nor Pao bee Nor Pac

84Si

82

99
23
84 Si
1
82 S, 204

1093s
13b 14 Sale

113 J'ly'05
I38 l4 138 "4
140 May'02

11234

_

lllSi J'ly'05

UOSj.

lieSsApr'Ol
110SiMay'O5

1933

Registered

Reduced

>4

9878

104
103^4

104 J'ly'05
106 May'01
104»4 Mar05

.

.

120
136

124 May'05
135 Jan '05
134 34Leo'04
118 Si Feb '05
117 Jan*04

117Si.
121Si.

StP&S'xCity i«CStPiliu

LakeC 1st g sf 6s.. .1913
ble Pres & Pli 1st g 5s.. .1942
A a A P Hee So Pac Co
I A N P 1st sink I g 68.1919
Sav P West Hee Atl Coast L
sciuto Val A N F. See Nor A W

Jan

109*8.

J.J

108

May'05

Registered

/cl94b
W 1st gug 5s.. ..1941

N

Cent Pac 1st

rel

AN

W

-

-'"Id

108
103 8
107 Si.
llOSi.

102

Feb '06

109

95

110

109SiMar'06

Jan

Sale

94 34 sale

98»8

9B' 4 648 95 Si 98 Si
06*4
102 May'05
101 102
94 14
L»M< '94 92 '4 97»4

1003a

102 Si

99>4Mar'03
89 14
89

89

91

94

lOd^Hl
1

5

*

170 100V104
15

87 Si 90

IOCS.

log's

Mat '05

108S, 110's

108

103
115

Sep '04
Feb'05

113Sill5

107>8ll0

l(>7S3.rin-'n.-,

105
103

10714

1(p7'm110

1U5M07

Feb '06

103S«J'ly'04
112 ', J'ne'05
113
1

110 88

100

'(.

100

[

4

ll'-i D-i

j'ly'oe

Pump

;

u'

.

Stan itope

&T

income gold

aal«

5.i.

1925

Iconv
CorplO-60yr5

;•-&

J -J

1st g 6s.
6«

;

m.'n
.1. j

J'ly'05

4

J ne'05

Mar'05

U'4 J'ly'05

Jau '05
Feb '05
09 Si 109S
123 Feb '02
11 '-'„

1

110
114

Dec'04

110

114'a J'ly'05
114 Si J'ue'06
114 Si J'ne'05

U4Sl

115

J'ly'05

130^ 117

J'ly'00

Ul

112
120 14.
100
111

.

*95

115
. .
107 Si 110
97Si
92 U 93
91
86 Si Sale
98
99

Nov'04

112>4

8Apr'06

J-J

117^118

IIO34 J'ne'05

114Sill6 3,

93

J'ly'05
913g
913s

117

90 J4 sale

Si

J'ly'05

120>4l23»4l
9334 102

95S,

98Sl

Dec'03

112

U4SiApr'02

103 Si Sale

103 34

50 104S}104a«

J'ly'05
118S1
109-s

107Sill2Sl
116 119Si
107 112H»
90
90
4 34
66 Si

103 Si

Om Div

1st

1941 A-O

g 3SiS

M-S
A-O
J-D
1954 J-D
West

1st g 4s... 1941
6s. 1908
Pitts Term 1st g 4s. 1954

Warren

Hee Del Lac <&

110Sill2H: 112

Si

UbSllK'

na^

lOOS;

109

99
70 J4 Sale
102
92 Si
sale
Ill
90 Si
bOSi 87
99
93

90 Feb'05
70 '4
71 34
103 J'ue'Oo
102 l'..i
92
92
92 Apr '05
111
111
109 a4 11 2
97 Nov'04
88 '8
88 Apr'05
86
97 M ay'05
95
98 H»
109SiMai'03
8834 45 86 Si 963*
b7Si
45 7»
38 14
39 117 35
'

db 34 Sale

33^

Sl

Sale

Wash Cent Hee Nor Pao
Wash O W Hee Southern
<fe

West Maryland lstg4s... 1952 A-O

N

Y <fc Pa 1st g 5s. .1937
gold 3-4s
1943
income 5s
41943
West No Car Hee South By
VaCent& P lstg 6s. .1911
Wheel'gcfc L F 1st g 5s. ..1920
Wheel Div 1st gold 68..1928
Exteu<fc imp gold 5s... 1930
1st consol 4s
1949
20-year equip 3 f 5s ...1922
Wilkes A East See Erie
A Sioux F See StP &
Wis Cent 60-yr 1st gen 48.1949
est

\\

Gen

W

RR

M

WH

88

883b

A-O
Nov

97

J-J

109 Hi

Si

A-O

HIS.

J-J
F-A

Ill Hi
111
93 14

M-S

88 Hi
119

j.j

J.J

98 M

'a

27

93
111

112 Mav'Oo
114 34 Mar'05
L14HJ May'05
114 J'no'05
92 a
93
102 Jan '05

Si

8734 94
118 119»e
96 34 98 34

83 Si
J'ne'05

98 S) J'ne'05
40 Mar'Ol

112

111
111

'4

114

Si

113

92

'

L02

M

J-J

93 34 Sale

93 s4

94

104Hl

104H;

90

31

Si

II434

114 Hi
114i 8
95 Hi
102

96

BONDS—Concluded.
Adams Kx

90Hll<'l

20

Am

74

no

107
86

106»4
36

62 Hi
4
lio'i Bale

68

"78"

4

J'ly

L22

llo
99

110

99 Hi

71
59
42 Hi

<>.-,

1'4

:"

7

103

105*

'4

Garden 1st g 6s. .1918 M-N
Bob 11 <t Lgen a 48..1940
N'ewp If e ship As D D 5a <*1990 J -J
N V Ij.i.k 60-yr lsl
K-A

PerryCo

5s

:

'

Lb

loo'j J'no'02

49 Hi

52
J'ly'Ofi

71H)

J'ly'06

80

1

ilad si|

•

3

\

W

49'

15
105

105

M-N
F-A

110

104 J'ly '05
9«Hil

M-S

(

Jo<S SI V.ii.l col g 58. 191.. J -J
n.-i.M .V; m hi^r income*.. 1911 A O
Hobo
gold 5a... 1910

B'kl'n

77'^

jay '05

col tr g 4s
19 1Ini|i5s ,v,
lent M .1
ool
Va g 5a
1920

liKi

1

Provideni

8

LXer

.
1

Si

l.o:ui sue.

Joseph sik

-1
-i

•

l-ii

ViIh lit

1

1

Sw. 1921

M-S

Hia. 19. ai

J-J

95

"96 >4
18

98

Si

ba

Kio

ibo

Cspplestitat'nd)' Prop
a 4 '-jm 5-20 year.. 1917 J-I>

Wui Oo eon g 6a.. 1928 J-J
2
96 "i
,
Registered
95ag sale
Apr!
Bp Val Wai Works 1st Bb. 1906 MS
.7^-4
cw'h 14
Va-Cir '.h»m Cf>l ir 5s g..l9;
"«><•
H«le 160
L Oliwiffi
IUO'4
'U^IUl-l
101 s< U
8 Redifc Itef
00 Hi J'ly '05
IIP[1HUIRIH.11)31
] mi 8t K Os. 19.11
100
IIHI
fWo price Friday; latest bid and asked, a Dne J an i/DueieO e Due Mar ((Due Apr A Due J'ly tbucAin. j.m.oct p Dae JN or 9 Dae Dec
I

i

110 112
96 Si 98ia
95
91
89 Si 91^
86"»
83
98 Si
97
110»8 H3
96 '4 95>4
48 I04 s4 108 Si
103 Si 1001*
963 11278 138Si
1163a 187 34
102 104
124 127>a
117 Si 120

96 a4 ioi

96 Si

V

1

98 34l01>«

lll*8lllV

M-N 130'a Sale 129»8 131 h
137 34 Apr*05
M-N
1033a J'ly'05
J-D 103
123%
126»8 J'ly'05
F-A

107

lllS,112Sl
123
121

123*4
95
95
106 Si 106 Si
106 Si Nov'04

86
85
98 J'ly'05
110 s8 J'ue'06
95 '4 oan '05
105 e 105«a 10376
105 34 J'ly'05

105 Si

J-J
J-J

.

1

111 May'04
110 J'ly'05
97^8
97-8

.

J.J
J-J

J-D
J-D

114Sj114Si
97
97»4
L16 II6S3

123Sl 123

'

H414

A-O

U4Sill7

123
123
99 Si J'ly'05
112SjJ'ly'04

.

123

114'8

114

97 a4 May'05

9434

H334

J-J

1939 ,V1-N
1939 F-A
1939 J-J
1939 J-J

A

1

,

U a i.e..thCo»tilebg6s..l9i:;
'

79

101
79

j.j

lo-yr conv. Ua '13 J-J
ier Ice (Chic; 1st g
Lackaw Steel 1st g 6a...
larch Mlg Co.-Vl-.s
tit

b

126 J

MUwellaneoaa
100

100<%

-.1

i

7

lieSillUSi
116
114
119 "a 122 Sj
114 116
121 7e 125
123"«127
114 34 118
112 112»8
96 Si 98
108 111

,

'-',
Cor con v i
\-0
g 5
Paper Co let con g be. 191 - F-A

"iiiv m

In:

PA

1951

Is

lm

A

if

S.

J'ly'05

1

loo's Sale

A-O
J-D
J-D

OSSj »8Si

127SiFeb 02

123

.>I1M:KLI.AM:o| s

Tobacco 50-j rg

'.j

J-J

J-J
J.J

117Sill8

May'05
May'05

s,

m

114Si

A-O

J-D

118
118^8
OTSllOO'4

•8

J-J

Series B
1st hen equip s fd g 5s. .1921 M-S
1st hen 50 yr g term 4s. 1954 j.j
Det&Ch Fxt lstg 6s. .1941 J-J
DesMoln Div lstg 4s.. 1939 J-J

Wab

'03

May'05
>a Feb '05

1

Lib
110
114

109 Si Sale

F-A

A-O

96 Sl 101

4

IS', J'ne'05

1

112

A-O

A-O

•10

99 Hi loo
lib J'ue'05
18 Si Mar'05
tOSi Uec'04

loo

FA

108 109Si
102Si102Si
112 li2Si
LOSS] 111
117Sil21>4

100 3

1110',
1

,

Mid See South Rv
1st gu 58.2003 J-J

1st gold 6s
2d gold 5s
Debenture series

109

J

94
109

Sale

ill''a

J-J

J-D
Mai

I08>8l0»N

b 1)6

Pacilic

2d gold 4s
9G 34

110

laciarina iv lnda>atel
Leather 20
A-fi
>1

J-J

W

Un

!•(

112 Si Feb '06
111
111
119
119 Si
110 Feb '04

Sale

N

St Chas Bridge 1st g

102

1.4

FA

Tol& ChDiv
105

J'ly'05

gu g 4Sis..l943

North Hee

Wabash

Llli4May'03

,

:

Wiiiv la! g6a'30

92
104 34

109 Si 109 S.
109 Si 114
110 110

112 Si J'ne'05
110 Jan '05

109'-,
102'-.

ii4siii~r>"

W

108

.

4s nit guar. .1921

N

84 34

90
104 Si 104 Si
95 Mar'05
90

109

.

HH-U

Gal liar <fc S A lstg 6s.. 1910
2d itold 7s
1905
Mex dc Faclstg5s....l9;;i
VG
l8tgug6s.l9L'4
Hon.- k. Ac
T 1st g 5s. 1933
uar 5s red
1933
H <fc 1 c 1st g6fl nit gu.. 1937
Consol g 6s lnt guar. ..191^
Wat., A

1043s97Si.

194y

Mort guar gold3Si8../cl929

I

1

LOO
100«8Sale

gu g 4s 1949

iiegistered

J-J

W

irginia

M

A<fc

M-N
M-S

Va & Southw't
90'

h'sv

102«a....

113 Si
115
120 '-2 122
113Sj
1-3

J-J

Utica & Black R Hee N Y Cent
Vandalia consol g 4s
1955 F-A
Registered
1955 F-A
Hee Mo P
\J er Val Ind &

<fc

Seaboard Air Line g 4s ...I960
Coll tr ielundg6s
1911
Car Cent 1st con g 4s.. .194^
Pla Cen A Pen 1st g 6s. 191b
1st land gr ext g 6s. ..1930
Consol gold 5s
1943
Ga<fe Ala Ky 1st con 5s 01945
GaCar & No lstgngSs 1929
Beab &. Boa 1st 5s
1926
Bher Stir & So Hee
K <fc T
SU op Oca & Q Hee Atl Coast L
Sod Bay <fe So 1st g 6s
1924 J.J
So Car ic Ua Hee Southern
bo Pac Co— RK 1st rel 4s. 1955
Coll tr g 4Sis
1905
Uold 48 (Cent Pac coll).A:1949

los-a

ieh'o-l
J'ly'05

Olr'e

J-J

WW

108

11734

4

108 U
09 Sj 1093a
102 '« 108
L06

1

Mar'ofi

Dec'04

Bale

104Si
91Si

Deo '04

S<

1

Si

J

101
B8

16

114
119

115
05 7a

A-O

M

fc

fc

1st

W

&

in I
15

;;;'«

loo

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

M

'04

'8

110

J-J

'

Utah

110

101

103»8
113*a

Nor lstg 6s. 1939

it.

Ry

<fc

'«

loo

M-S

j'ne'oS

89

119 '481110

A-O
M-N
M-N
M-K
M-S
1926 M-S
1936 M-N
1936 M-N

10434

110

gait

L

Ala Hee

Falls

loii

No Low JUgh.

10s '4 Apr '01
loo s Jan '05
103 J'ne'of

in

J-J
J-J
J-J

syra Biug <fe N Y Hee D L &
104\ I ^er A ot St L 1st g 4 Sas..l939
1 1st con gold 5s.. ..1894-1944
132
1953
Gen refund s t g 48
116
100 1<
Bge Ter gu g 5s. 1930
St L
102
Tex <fc N O See So Pac Co
2000
88 >4 92^4 Tex&Pac 1st gold 6s
?2000
2d gold lnc 6s
1931
La Div B L 1st g 6s
124Sil26'4
Min W<fc N lstgu 5s '30
88 14 92
1935
ol & O C 1st g 68
Western Div 1st g 6s.. .1935
1935
General gold 6s
96Sil01Si
Kan& 1st gug 4s.. ..1990
87 Si
84
1st gold 4s.. ..1917
8OS1 84S, Tol P &
pr lien g 3Sis.l925
Tol St L<fe
1950
50-year gold 4s
Tor Ham & Buff 1st g 48./U940
10838113
136 139
Ulster & Del 1st con g 5s 1928
1st refund g 4s
1962
1133, Un Pao RB & 1 gr g 4s ...1947
111
Registered
1947
1st lien convert 4s
1911
llOSi 1123b
Registered
1911
103 105
Ore Ry & Nav con g 48.1946
Ore Short Line lstg6s.. 1922
104 34 104 34
1st consol g 5s
1946
Guar refund 4s
1929
124
123
Registered
1929
135 135
Utah <fc Nor 1st 7s
190b
Gold os
1926
1181s 118S,
Unl N J RR & C Co See Pa Rli
Utah Central Hee Rio Gr Wes

102
104
129 Si
112H,
99 s4
101

lOO^May'06

6s. .1947

Betunding g 4s

&N

K-A
M-S

1st cy gu 4s.. 1924
1st con g 6s.. 1914 J-J

NC

Stat lsl

127*4
113 38 114

1

'.

1

M-N

19:'.?

E5s

<fe

Spok

1931
1931

General gold Os
General gold 6s

..1912 A <>
1912 A-O
J.J

WO W
103 J'ne'05
104 is Feb '05
131 May'05
114 J'ly'05

A-O
A-O

1.;

101'.'

Sale

lo.,
.1

MN

West

103
103

.1

J-J

B*.

General 5s
Guar stamped

«fc

J

Since

January 1

lll„n

122
IO0

.

1-2

Nov'04
Dec'04
Sep '04
Jan '01

1

108
89

J-J
J

....

'4

Llfi

A-O

g0s..l91
1905
Tex& N O
1912
Sabine Dlv 1st g Ba
1943
Con gold 5s
1994
southern — 1st eon g 5s
1994
Begistered
Mob a- Ohio coll trg-4s..l988
Mem DlT lat g 4 H1-68. . . 1996
196]
St Louis div 1st g 4s
191s
Ala Cen R 1st e Os
L948
Atl & Dauv 1st g 4s
1948
2d 4a
Atl A Vad 1st g guar 4s. 1949
1916
Col <fc Greenv 1st 6s
K T Va iS- Ga Uiv g 6s.. 1930
1950
Con 1st gold 5s
193s
F Ten reor lien g 5s
1922
Gu Pac Ry 1st g 6s
Knox <fe Ohio 1st g 6s.. .1925
1915
Richifc Dan con g 6s
1927
Deb 5sstamped
Blob <fc Meek 1st g 48.. .1948
1919
So Car & Ga lstg 5s
Virginia Mid ser C 6s. ..1916
1921
Series D 4-5s

96

101

JJ

1906-.. L931

Series

L Iron Mount bee M P
L K C A -N Hee Wabash
BtLMBr 6'«TKKAolStL
8t L & S Fran 2d g Os CI B 1900
19oo
2d gold 6s Class C
St
8t

KM

100
08S1101

101

B KA P
Home Wat & Og Hee N V Ceui

A

10(> 7s

Pen A RioGr

iff
Rio Gr Juno 1st gu g 5s. ..1939
1940
Kio gr So 1st gold 48

Hoch

no

101 8
4 1>0
100
TtUt'OS
100

102=8 Sale

1997
Registered
Jersey Cent coll g 4s... 1951
^.'
li
ha
bar
BenaaelaerA
Rich A Dan see South Ry
Bicli Aj Meek Hee Southern

117Sil21

9b

J'ly'Ha
J'ly'97

121

lie's

llss

J-J

..190,;

Mi':; 1st
1st 7s

ASk Low

Hid

A-O

1>.

.">s

Stamped

120 Oct
112SiL>ec'02

SeaNYCen

\
1st g 5s.. .1940

KwUrWtst

con guar g

s Paeol N

'01

.

A

ka

LIB Si

1st

Cb

1st consol gold 6s

Aug

1

lsl gOss.nesf
1st g 6s series
1st gold os

<fi

Puis Mcki. - a
PUla Sil A- L F

mm

kk

1

Wei
luuuje or
Last sal.

i'rtita
"/

Atra 4

soaUiern Pao i.\>—(co>umueit)
Morgan's La a t 1st 7s. 1 91 s
1920
1st gold Ua
No ol on 1st gu a 6a.. ..1907
988
Guaranteed gold 5s
Ored CaJ lsi guar g 5s. 1927
8 Ad ^ Paaa Lai gug 4a. 1948
So P ol ai sii Lat g Ba...el909
<T91(i
1st guar g (is
ail.si g o> aer B.1905
8 P ol

lixoii

io.;\ LOS v

:

Hj
a
«

1201-..

1020
1939
58.1939
48.1981

;">s

January

Priet

STOCK i:\cllANQK

N. T.

1

Pt Huron Kiv 1st g
rus.v 11 1st mi k
Sr< Penn Kit
Plni'H A
Phils A Heading cons 7s. 1911
Pine Creek reg guar 0a.. .1932
Pitts Cw<& si L see Penn Co
lol
See h .v
Pitts Cleve
\S

547

BONUM

>i<7«

Since

p

Last sate

113'*

Bs 192

I'M gOa

1 lint a-

109

fin

Range or

ASK

B\li

&1921

W

'

Week'

JTice
ridmy
Aug 4

I

I

Penn KIWI iinttnuriU
FtuiaHal& W 1st g 4s. .194:-.
Sun A Lewis l8l g 4a.. .1086
VSJ KB A can gen is. 19 u
Pensacola A Atl Sf« 1- A Nash
Peo * Fast Hee C O C .fc St L.
Peo A Pek Un l8t g Us.... 19-1

Pen Mara—Oli <

i

Bond Record— Concluded— Page 4

1W»6.

.")

BONDS
BTOCB BXCHAKG

H. Y.

7

'

1

1

.1

i

:
;

huJ#

.

CHICAGO STOCK EXCHANGE— Stock

Record-Daily, Weekly and Yearly

STOCKS—HIGHEST AND LO WES'l SA LE PRICKS
Monday

Saturday
July 29

Tuesday
Aug. 1

July 31

•185

84 'v

83-'.j

25
64
65

*23k
64
65

84'6
43 k

43k

-

23

•

C

i'.i

*21k

•62

43

65

70

65
*65

60

•62

*94k 95
•28
•98
49

.

49

28

28

-50

55

6k

6k

81k

87' 4

43

43
25
67
70

•65
*

*21k
*

96

*28

98 k

98is

•50

Range

Range

/or Year

lor Previous
Year (1904)

1905

Week

EXCHANGE

Lowest

il tares

Highest

Lowest

Highest

100
180 Jan 5 199 Feb 1 155 Mai 190 Aug
':incConrtolTrac
lOi
Base J'-v
*6 l4
*.->'<
6
C<6 Oak Park
loo
6
100
J'ly 5
4
7 34 Jan t;
Sep
6
8 Nov
J'ly'05
Last Sa le 8
Do pref
100
10 J'ly 5 24 Jan 31
23 Sep 27 Nov
1
3
83
87
86
86 < Chioago Subway
'4
100 16,176 53 Mai HI S7 4 Aug 1
J'ne'05 Chic Union Tract.... loo
Last Hale ok
6kJ'ne28 13k Feb S
4 Feb 15 Nov
Last Sale 26
J'ly'05
Do pref
100
26 J'ly 13 51 Feb 2 27 k Mav 45 Not
*48
43 k
43 k Kans City Ry & Lt ..100
307 30 Jan 9 44 Be J'ne 2 28 k Dec 31 Deo
13k
Last Sal' SSk J'ly'05
82 k Jan 4 89kMayl2 80 k Nov 85 Nov
2434
24
24 *8 M'iropol \V S Kiev. .ion
24
310 20 Jan 18 2534 J'ne23 15 Mar 26 Sep
•64 k
200 59 k Jan 10 68 J'ne'22 41 Mar 68 Oct
66
Do pref
66
100
•00
•60
North Chic Street
70
100
112 55 J'ly 14 99 Feb 2 65 Mar 88 Sep
22% Northwestern Elev.. loo
210 21 May 28 24 k Jan 1" 15 Jan 26»4 Nov
21k 21k 22 k
*0l
64
Do pret
6 60 Mar27 66
100
Jan 5 44 Apr 67 k Nov
95
95 k South Side Elev
96
130 90 k May 17 97 14 Mar20 90 Mar 98 k Nov
100
*28
*28
Streets WStuble C L 100
25 28 Feb 24 29 '4 Jan 4 28 Jan 34 Oct
98"6 98»8 •98
Do pret
175 37 Feb 3 J03kMar21 82 k Apr 103 J'ne
100
•50
West Chic Street
2 40 J'nel2 72 Feb 3 38 Api
100
56k Sep

..

95
95
*28
3
98 e 98%
*50
55

Sales
0/ the

KailroadH
Mar'05 Chic City Ry

Last Sale 196

24

43 k

25
65
70

'2112

k

60

3.,

87

•23 34

•

65
- -' 1

8H 34

4

i-

187 k •186

•

8t; a

Avf/.

Friday
Aug. 4

Thursday
Aug. 3

Wednesday

STOCKS
CHICAGO STOCK

Miscellaneous
/

loo

Allis-Chalmers
11=4

69

68

68
•84
132

H 7e

68k 69

69

53k
40
110
54

•105
•52
•10

..

*129
53 k
53k

40
110
54

110
'52

*50

'10

..

*6

*6

*52

4

43 k 43 k
*
1»E *
•103
»103 104
140
140 140

•6

L a st Salt

4

135

•

*

M03

103*2

140

140 34

141

59k 59k

59k

34 k 34 k

58 5e 59 3
•114 ..
64
05
•117 120

.,

.

114
65
117

6038
115
65
119

107kl07 34

108

108

bWe

1

J'ly

'Of.

158*4 Chic Edison

158

100
Chic Pneumatic Tool. 100
Sale 135
J'ly '05 Chic Telephone
100
103 k 103 k 10334 Chic Title & Trust... 100
100
141k 141k 141 34 Diamond Match
*59
59
Illinois Brick t
100
Kans City Stock Yds. 100

45

Knickerbocker Ice.

Apr '05

115kll6
65

*H5

•33

Ik

Ik

10

Wl\

34

34

34

Ik

Ik

9k

10

34k 34k

34

4

79 k Deo
123 k Sep
40 k Deo
94 k Oct
198 May
40 Nov
110 Feb

1

4

pref

'81
97 k

swift&Co

109
86
07 3

Do

100

pref

Un Stock Yds(SoOm)100
Dec '04 Union Bat

34k

100

The Quaker Oats Co. 100
,

35

31 34 Jan

4

Jan 18
1
Jan 20
7
Feb 20 140
Jan 7 52k Marl
18

Deo

62

Aug

123»4

Jan

10 k

Nov

k Nov
8 Feb

Jan
Feb

J'ne 2
1
J'ne?8
7
Jan 25 172

1

6
32 153
May 173kNov
32
J'ly 36 Nov
125 May 4 143 k Feb 17 115 Mar 147k Nov
100 95 Apr 6 105 34 Mar 6 86 Feb 10 s Oct
1,148 134 k Feb 1 1423s Apr 15 126kFeb 142 k Nov
250 55 J'ne27 66 k May 25

160

50

Feb 6 34 k Aug 1
Feb 15 7334 Mar22

11
63

3.50G

879

44kMar27 48

Aug

2

Jan 30

54

Jan 25

05 34

99% Mayl8

11034

ni 34

41
195 110

2,275

5

3

10k Dec

Apr 3
J'ly 19 120k Marie
Jan 25 OTkJ'ne'-M
Jan P 120 J'nel9
Apr 20
5 34Mayl9

Apr

8

182 loG Feb25 114 Jan
10 46 Jan 25 92 J'ly 10
320 86k Jan 4 98k J'ly 26
tj

12
52
20

7k Nov

9

Feb
Jan
Deo

1 34

2k

Jan

10 k

Nov

Jan

Aug
Apr
Nov

42

Jan 30

2

J'ne

50
17

Oct

25 Sep
Jan 58k Dec
99k Jan 116k Nov
25 k Mai 46 k Deo
95 Jan 120 Sep

20
36

98 5e Feb

1

99 k Apr 116 k Nov
35 34 J'ne 47 k Jan
5
J'ne 87 Nov
.

&

P Co ...100
100
Unit'd Box Bd & P Col 00
Do pref
100
Western Stone
100
t This is new stock.

64>4

82 34

J-vb-'l

3

Gas L<fc C'kelOO
Pullman Co
100
St Louis Nat St'k YdslOO

108k

3

73kApr25

Jan 24

75 125
465 88

J'ne'05 People's

Ik
10

34k 34k

k Apr 25

J'nel2 40 Mar
133 J'ly 31 115k Jan
Jan 19 57 Mar:;0 19 J'ne
100 98 k Jan 17 105kMar27 82 Aug
183 Mar
38 Jan 4 40 Jan 4 33 Nov
106 105 Marl 7 110 J'ly 31 1 00 34 Mar
50 J'ly 27 62 Apr 15 52 Feb
148 k Feb 23 150 Marl'- 120 J'ly
10 Jan 5 10 Jan 5 10 Oct

60
76

May'05 Page Woven Wire Fence

Last Sale

Last Sale
109

Do

11c;

Do

Ik

100
100
100
100

80 34 National Carbon

60
53

109

1 01

9

25

12 k Deo

10

-

59 k 60
•115 116

109

109

'•;

!

. .

Feb
Jai:

k Jan

684

100

pret

Dec '04
48
48
Masonic Temple
Last Sale 2
May'05 Milcfe Chic Brew'g
Last Sale iO
Nov'04
56»4
57 k 58
57k National Biscuit
115
114 k 115k 114
Do pref

60
116
63
117

59
116
60
116

Do

9k

1,685

J'ne'OI

Last Sale 20%
10
31

100
100

>

*43k

43

82k 82k
96k 97

9k

Co

& Clue Canal & DlOO
Central Trust Bank. .100
Feb '0.r Chicaeo Auditorium
J'ne'05 Chic Brew's & Malt'g. ..

Last Sale r?k
Last Sale 17
Last Sale 9

59 k 60

10838 108

&

pref

J'ly '05 Cal

Last Sale V
'158
158
43
43 k
135
Last
104
103k
141
141 k
59*8
59

•

Do

110

Last Sale 10

43
•

J'ly '05 Booth (A)

-105

110

Last Sale 50

*3

*6

135
104
140

•105

•10

157k 157k •158

•155k 158

Do pret
100
100
11% American Can
•68 k
69
Do pref
100
%'4\
J'ne'05 Amer Radiator
100
Do pref
100
Amer Shipljldg
loo
Do pref..;
100
198
May'04 AmerTit S Bank.. ..100
Ilk

Last Sale
Last Sale 40

40
110
55

*

*3i

*3

*34

105 k 105k
*

•10

68k

•129
53 k 53 k

133

53 k

40
110
54

3-*

Last Sale

*86
*129

133

U

11"8
68 k

3

1-

•S3

133

132

H4

ll n8

Ilk

11'8

7

k Oct

10 36 Dec

pref

500

13e J'ly

-Jo

•J

35!
27 5

9k J'ly 29

14

23

-2 Apr
k Apr

34J'iy

3
:;

7

J'ly

Feb 15 3:-kAprl4

14

Sep

k Nov
25 k Deo
3

20 34 Jan

t

Chicago Bond Record
BONDS
CHICAGO STOCK EXCH'GK
Week ending august 4

=0

s»

Price

Week's

Range

Friday
Aug. 4

Range or

Since

Last Sale

January 1

Ask Low

Bid
1910 F-A
Amer Biscuit 6 s
Amer Straw board 1st 6.s.. 1911 J-J 99k.
Cass Ave & F G (St L) 5s. 19 12 J -J U03

Board of Trade 4s ...1927
Consol Br & Mlt6s
Consol Trac4ks
1939
Edison debent 6s
1913

1st gold 5s

J-D
J-J

J-D
J-J

/U920 A-0

Chic Auditorium 1st 5s. ..1929
Chic Dock Co 1st 48
1929
Chic Equi t Gas 6s
1905
Mil
Chic &
Elec Ry 5s . .1919
Chic Pueum Tool 1st 5s .al921
Chic Rock I & Pac RR 4s. 2002
Collat Trust g 5s
1913
Commonwealth Elect 5s. b 194
Illinois Tunnel 6s
1928
Kans City Ry & Lt Co 5s. 1913
Knickerb'cker Ice 1st 5s. 1928
1928
Lake Street El 1st 5s
Income 5s
1925
Side El 1st 4s
Metr
1938
Extension g 4s
..1938
North Chic St 1st 5s
1906
1st 5s
1909
Refunding g 4 ks
1931
No Chic City StRy 4ks.l927
KorthWest'n El 1st 4s... 1911
Ogden Gas 5s
1945
Pearsons-Taft 5s
1916
1920
4-40S B B B
. .

W

4'40s Series C
4*60s Series E
4-80s Series F
People's Gas L & C 1st 6s. 1943
Refunding g 5s
1947

F-A
A-0
J-J
J-J
J-J

U03k
97 k

100k
70

98

70
79
80

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

A-0
M-N
M-S

....

99 k
94 k 95

87k
t90
t90

100
96 34

99 k 101k
103 k 103 k
103 104

Chicago City
Chicago National...
Chicago Savings
Commercial National..

62
66 k
103 k 104k
104 10434

Continental National..
Cook Co State Savings
Corn Exchange Nat.
Drexel State
Drovers Dep National
First National

100 34 Nov'04
J'ly '05

68

80

Nov'04

-M-S
Apr '01
M-S 106 107 106k 106^
J-D t
97k 97 k J'ly '05
M-N JlOOklOO'f lOOkFeu'05

J-J

.

Calumet National

M-N

A-O

OutstandSurplus & In
ing
Profits
Stock
1903

NAME

High No. Low High Bankers National

lOOkJ'ly'Of
103 k J'ly '05
104 May'05
103 Apr'04
00
64 k Apr '05
104kl'ne'05
104
104
104k
102
98 Feb '04
.

Chic
Clue
Chic
Chic

Chicago Banks and Trust ComDanies

98 J'ly '05
99 k J'ly '05
16 May'05
94 7e
94k
87 k
87 k
97 J'ne'05
96 May'05

106 k 108k
95 k 98k
100% 100 k
97
98 k

97k 100

First Nat Engle wood.
Foreman Bros B'k'g Co
Fort Dearborn Nat

Hamilton National
Hibernian B'k'g Ass'n
Home Savings
Manufacturers Bank..

Milwaukee Ave State.
Nat Bank of Republic.
National Live Stock...

16
94 k 96 k North Side State Sav..
80
90 k Oakland National
Peoples Trust & Sav ..
95 100
94
99 k Prairie National
16

Prairie State...

90

$89
94 k Sale
90 Sale

M-N
J-D 100k
M-S
99 k
F-A 99k
M-N We-—.
M-N 100
A-0 123 123 \
M-S $106 IO6 3
J-J 107k
J-D $
109k
J-J 103% 103 -V
.

J'ne'05

94k

94k

90

90

90
95
93 k 95 3,
88
96k

Pullman Loan <fe Sav..
South Chicago Savings

Bank of Chicago
Stock Yards Savings

State

99k Union Bank
99k 99 34 Union Stock Yds State
99 k 100
100 100 34 Amer Trust & Savgs..

123k J'uo'05

123kl23 34 Central Trust Co of 111 2,000,000
200,000
105kl07<k Citizens' Tr & Sav Bk.

106

J'ne'05

,

In Per
1904 iod

2,000,000 $1;065,962
100,000
31,067
13
200,000
11)8.801
8+5
1,000,000 1,423,345
15
12+3
k 500,000
fc 65,314
'12"
2,000,000 1.792,123
12
8
3,000,000 1,232,536
8
50,000
3,072
6
6
12
12
3,000,000 3,561,208
200,000
16,274
6
6
600,000
274,692
8
8
8,000,000 6,113,755 ||12
12
106,77i)
100,000
10
6+4
500,000
627,237
Priv ate Ba
1,900,000
251,614
6
6
500,000
141,896
1,000,000 1,049,404 "8
"if
100,000
155,785 10
10
200,000
11,589
250,000
263,154 "s
"b'
2,000,000
952,610
6
6
1,000,000 1,302,966 15
12+3
50,000
6,034
6
50,000
49,530 "e
6
200,000
13,510 New Bank
250,000
59,596
250,000
73,721 "8
1J88
300,000
170,613
8
8
200,000
31,875
5
1,000.000
607,524
6
250,000
104,615
23,501 Began Mayl,
200,000
200,000
19,029 New Bank

99 k J'ne'05
99 34 J'ne'05
99'8
9978
100 58 J'ne'05

99

Diciilend Record

3,000,000

1,969,687
916,361

6

7

1

4

New b ank. ..

5
5
Chic Gas Lt&C 1st 5s.. 1937
107 34 108*8 Colonial Trust & Sav.. £200,000 fcl01,477
108k 108k
200,000
48,094
6
6
Consumers' Gas 1st 5s. .1936
107 May'05
106k 107k Drovers Trust <fe Sav..
500,000
450,000
8
8
1924
Trust
Co
103 k 103 k
South Side Elev 4 ks
Equitable
102»4 104 k
1914 J-J 103
103 J'ne'05
Swift & Co 1st g 5s
102k 103k Federal Trust & Sav.. 2,000,000 Merged wi ihAni. Trust
698,075 '16*
1945 A-O $106k
Union El (Loop) 5s
105 k 107
First Trust & Savings 1,000,000
106k J'ly '05
12*+4
1911 M-N
114 Nov'04
Union Pacific conv 4s
Illinois Trust & Sav.. 4,000,000 5,949,191
250,000
56,675
1910 M-S
81 J'ly '04
Jackson Trust & Sav..
U S Brewing 5s
200,000
14,244 Began Tan "3,
cl963 M-N
88 Nov'04
Kenwood Tr & Savings
U S Steel Corp 2d 5s
12
94 J'ly '05
1928 M-N
Merchants' L'n&Tr Co 3,000,000 3,617,532 12
West Chic St 1st 5s
94 100
750,000
257,748
6
6
60 J'ne'05
1909 F-A
Tunnel 1st 5s
60
60
M etropolitan Tr & Sav
8
8
90 Feb '05
1914 J-D
Northern Trust Co Bk 7.-1 ,000,000 fcl.684.022
Debent 6s
90
80
500,000
447,335
6
6
80
78 J'ly'05
1936 M-N
Consol g 5s
75
90% Royal Trust Co
577,970
1,000,000
87
92
88 J'ly '05
"West DivCityRy 4ks..l932 J-J
97
Union Trust Co
88
"6
187,170
1,000,000
"e"
Jan
Sav.
5-20
1
100
'04
Trust
&
Western
West'rn Stone Co
5s. 909 A-O
13,9 64 Began Mayl,
200,000
Woodlawn Tr&Sav Bk
Note. —Accrued interest mus t be added to all Chicago bo ml price s.
Includes special dividend of SO.'i declared. Aug. 10, 1904.
Also paid 12 >fl% in Dec, 1903, 111 stock of First Trust <fc Savings B.ialc,
* Bid and asked prices; no sales were made on this day.
$ No price Friday; latest price this week,
b Due June, c Due April.
a Due Dec. 31.
A Due July.
/c Capital and surplus to be increased.
||

11

Last Paid
o/n

Q-J J'Jy
Jan Ian
J-J J'ly
Q-J J'ly
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
nk
Q-J

J'ly
J'ly
J'ly
J'ly
J'ly

'05, 3
'05, 2
'05, Ik
'05, 3
'05, Ik
'05, 2
'05, 3
'05,

J'ly

'05,

J'ly
J'ly

'05, 4
'05, 5
•05. 1
'05, 3

J'ly
J'ly
/'ly

Q-F May
J-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
J-J J'ly
Q-J
Q-J

Q-J

2

'05,

'05, 8
'05, 4
'05, 3

i'ly
J'ly
J'ly

Q-J J'ly

2k
Ik

Ik

'05,

•05, 3
'05,
'05, 3

Ik

'05. 2
'05. 2
•05, 1
'05, 2

19i

Q-J J'ly
Q-J J'ly

'05,
'05,

Q-J
Q-J

Mar

•05,
'05,
'05,

J'ly
J'ly

2

l\

Ik
Ik
4

Sav.

Bank

Q-J

J'ly

'05, 3

i'90

o

.V.-

Q-J J'ly
J-J J'ly
y-J J'ly

3
3

F-A Aug

'05,
'05,
'05,
'05,

Q-J

'05,

Ik

190

J'ly
5.

2

3

—

<

Aug.

—

1

—

1

'

r>v.)

<iilH Sin-uiiliex

Business at Stock Exchanges

ot

Indiana Nat A
is! 8a L908

TRANSACTIONS AT THE NEW YORK STOCK
Wtik tndtng

oad

Bo

At-

iar value

-

Satuni.o

316

Mondaj

86

JaoksoD

it

Stat,-

Xi-

•,457
l.M.l L8

Bomis

da

2,19 1,000
2,86

50,672,000

8,691,500

Bond*

82
i7,000

at

January

Aug 4

.;.....

,*2r..ooo

A uo

(o

I

a

Pat

f

st

1908

1904

1905

i6.70U
:.S00

.-'.Ton

UllO
1
iharea, par..

1

$52

$2,000
432,000

(26,000

Government bonds

2,4

14,468.500

mis. bonds

1

1

-

i7,700

113,488,350
37 7.:

1

1

£65 L,06a

L1.480

i.l

Northwestern

1

90
125

(

,1'isted

shares

Bond

Listed

Unlisted

sales

shares

shares

3,562

25,869

13,037
8,0

v.

34,280
43.074

SI

53

loo
LOO

120

1

1 1

1

1

13

t

10,838
21,728
9,844
15, 88

29,75 8
41,594

16.192

$3,000
19,000

4,971
11,767

LL5

1

387100
20.800

36,7

10,666

55

i,

l

L25

30

< >

1

1

1

"
10s.
1

83 Hi

lm

10

r"""
26
70
Hj

Bond

24

'«

1)

N

J

4s 1949

84,4

Havana Commercial. 100

oca i;n list
195
210
104
100
58
62
85
90
LOO
25
LOI
J-D {74 H, 75
<

1

4297,600

11

11

.

•

1

.

a

mo

.

H

.,

•

'.,

W

.

.

'

-

1

I

.

1

'

•

1

'.)'..

1..

•

1

1

1

!

1

.

'

1

Houston

120
0.1

1925. .J -J

Crosat'wn lat5s'33.J-D {108
Grand Raplda Ry....loo
Preferred
ii,i,

lirand Uapida Oas

Laki- 81 (Chic) EI '""see

11

Bayer pays accrued

C

interest.

1

40

.

is

'

'

:

hlc.igo|liat

6a

mil..:,

Price per snare,

HU....100
-t preferred
LOO
2d preferred
LOO

LOO

tSalo price, a

Vo\&
HO'.

Ex rlghw. iEi

4

{102

Liealty

Hi

L03Hi

2

8

24
110

27

Lnternat'lBankingl 10IOO L58
12'.
Marine. LOO
30
Preferred
100
79
Col tr deb 4 Hal922op'07
23
International Salt
100
64
1st gos 1951
International Silver. LOO
47
Preferred
100
1-1) {107
1st Os 1948
Japanese new 4 Vs
i 88H2
Laos ion Monotype
20 r I4 a4
Lawyers Mori in.sur.loo ISO
45
Leh<fis Wilkesb Coal. 50
Lord & Taylor
100 109
Preferred
100 102 34
1,Lorillard(P)pref ...100 140
Mack iv Companies ..loo 40 Hi
74
Preferred
100
20
Madison Sq Garden. .100
2d 6s 1919
M-N 70
IIManhatt Beach Co. 100
2\
Manhattan Transit
20 t
Mex Nat Construe. pf 100 11 Hi
6
Mitchell Mining
4
10

163
12 7,

30
80
25
09

>

4

9

50
ins
8 8 's
10

]

Monongaheia K Coal. .50

N Y

20
Biscuit 6s 1911.:
Mtge& Security. 100

Ms

NY
UNew York Dock
100
loo
Preferred
N Transportation ...20
Nor Am Lum'r cte PulplOO

4

list

46
182
25

23

ST

3

130

08

07
8

II

3

13

117Hi
100
115

120
42
105
177

100

Hj

25

7 18

5

115

Nat Ena<fe Stamp See Stk Exch
National Surety
TINew Central Coal

74

90
13

26 14

26

Preferred
50
Montcfe Boston Consul .5
Mortgage Bond Co. ..100
M osier safe Co
loo
Nat Bank of Cuba
loo

115
L05

100
41

8I4
l

4

l

3
2
UOntario SUver
100
55
58
Otis Elevator com
loo
Prelerred
1U0 100 107
3c.
lc.
Phoenix Mining
1 t
Brewing
Pittsburg
50 t 26 ?f 27
48
Preferred
50 t 47
Pittsburg Coal See Stucli Exch list
5
Pope Manufacturing. LOO
77
74
1st preferred
..100
21
17
loo
2d preferred
Pratt 6c Whim pre!.. JOO 100
100
155
Kealty Assoc (Bklyn) LOO
Kuyai Bak Powd pref.100 107 H 109
63
ol
Russell 6c Erwin
25
Safety Car Heal & Lt loo 280
lioO
020
Singer Mtg Co
LOO
25
lard Couplercom LOO
Preferred
100 120
8
7
Standard Milling Co.100
32
28
Prelerred
loo
79
76
5s
Standard oil of
JI.100 010 020
'8
Storage Power...
50
sm in &
See Boston S1 k Exc h'ge
e

I

N

t

1

'.I

.'li. ...J-J

...25

"31"

29

1

85
75
A-o }105 110
308
Title Ins in ol N ST. .100 187 H2 192
llHi
14
pah M in (Neva
in
17
Trenton Pol teries com 00
96
Hi
'irii
mi
95
Pi
new
00
50
Prow Directory new.. LOO
",

TiA.asA

I'

..

,i

100

1

1

m
II

(

loppi
'I

10

1

y i'1-w

100

I

1

I

117
32
78

14

77
200
27
90

Pre* mil
U 8. Casualty
u s Envelope com
^Preferred
Sfi

'4

1

117

let preferred
2d preferred
Untl'

U

1°8

t

eon

v

Hi

92

ration opl '11.. {112
not opt. { 1 I 2
[ndei
1.100

113'a

I

Col
1

:

BTit on a

7
1

6

.100

LO

CO.

175

168

k

Be*

1

100

Ex

list

Willi.-

Kn

'

')•

16
3

4

1'4
Preferred <» i)
Worthing Pump pref.100 lid 1. I
J-J 1 BO
tNew alock. U SeLLs on Stock Exchange, but not it very actlre aeounty

liockOo.ilA

latgos 1917
div

i

1

35

1

lii'lii-tiial.

HOI

1915

Co Oas

L09

H
25
2

100
100

Oil

1

1

Wayne

M-N

1910

115s

',

Kurt

105

27

38
81

Hoboken Land<& Imploo 200

i

llo

7

Int'n'i Jlerc

itK

'la list

Co.. 100
loo

Preferred
1st g 5s June 1 '22. .1-1)
Hecker-Jones-Jew'l .Mill
1st Os 1922
M
Herring. Hall-Marvin 100
1st preferred
100
100
2d preferred

Hudson

Ferry Companies

'

lui,

100

Preferred

Havana Tobacco

'J

Bee Ph

4'.!

96
91

li

Prelerred

24

4
6

I

{94
So
12
30
25
35
80 Hi

Y&N

11

...

28s<

unt % Is 62 op 12. ..J-J
100
Hall Signal Co

(

.

""".;

1

85
L05

,

.

L03

107
128

•]

W

65

62
LOI

1

Preferred

Outside

.

12

80
101

Companies

Preferred
United Eleotriool

i-1

.

107
126

1'clog. 51

Narrasan (Prov) El Co 50
S STAq El L&PowColOO

;

7

'.
.

92"

KnigsCoElL&PColOo

'

I

H.

1H.

19
27

17

'opper... 10
m. II. 'ulisol OoUl... 10
treene Gold-Silver.... 10

i

...

1

<

ireene Con

7

80

t.

I

1

'»

".;

1

Eleotro-Pnetun'ioTran

63

Ml

140

LOO

'

1

'a

1

30

5
3
Brooklyn Ferry stockloo
B<& NY 1st Os 1911.J-J 100
70
loo
72
K
Ferry
stk.
N Y<fc E
92
M-N
1st 5s 1922
93
N Y & Holicou 5s'40.J-D 5109 110
100
112
Hob Fylstos 1940 -M-N a
Securities
N
J 1st 5s 1940. J-J {100
Market
will
be
found
on
preceding
a
page.
Outside
N
Y
BLykn
Ferry
S1
o>
So
&
Review
&
A Weekly
99 100
Traoasp 1st 5s iooo.m -N
40
60
lOlli <fe 23d Sts Entry 100
street Railways
Street Hallways
J
95
# i(
Ask
-1)
{
Bid
ASk
1919.
..
9G
raort
5s
1st
20
27
Louiav St 5s 1930.. J&J 1113 113%
Union Ferry stock .100
SEW YOKK CITY
Lvnn<fcBoslst58 24.J-L {110 112'v
98
M-N 96
IllSt 5s 1920
NewOrl Rysdi Li a lit.l00 31*4 31 -j
36
BleeckSt&FulFstk 100 34
:72
Preferred
100
73
..J-J
94
'j
Kuihoud
91 iuorl 4s 1950
89
Nt\v4HiS
?88
By 6c 7th Ave stk ..100 2T3 248
North CUic Street See Chicago List
107
Chic Peo & St L pref.100
id rnort 5s 1914 ...J-J 104
234
Lsch list
Pub serv Corp of N Jloo 115 118
4
Deposited stock
Con 5s 1943 See 2 34
09
70
Tr ctls 2% to 0% perpet
4
110
Undeposited slock..
B'way sun Is;
109
340 .100
Coll trust 5s gold notes
Prior lieu g4H2s'30M&S 100
it'l Cross t'n stk. .100
91
M-N {96Hj 97 >*
1909 optional
94
121
Con mtg g 5s 1930. J&J
._ ...M-K U17
20
27
North Jersey St Ry 100
25
210
stk. ion
Income 5s 1930
IJCeni'kN
{77\
M-N
stk
175
1st
4s
1948
St
100
185
Fort
Worth
loth
6c
Denver
<Chr't'r&
8-2
81
71
Cons True of N J...100
74
City stamped
100
9lh Ave 5s bee Stock Excl. list
J-D {108 h> 109 Hi Northern Securities.. 100 176»8 177
1st 5s 1933
Drv UtlJi; B—
250
New'k Pas Ky 5s '30J-J {113 L14
114
202 H;
110
stubs
9t gold 5s 19.12.. .J-D
33
Rapid Tran St Ry..l00 255
37
Pitts Boss 6c L E
-can 5s 1914 ....F-A 100 102
50
73
100
1st 5s 1921
A-O U09
Preferred
77
50
ith Avenue at. ..100 390
24
103
J C Hob<fe PatersonlOO
.4 ....F-A
Seaboard Air Liue
100
400 110
Isg 1949
101
M-N S76
Collu-5sl907 op... M-S
70Hv
Ac Or -st F'y stk..lOo
50
7o
So J Gas El & Trac loo 125 127
SeaboardUo
See Ba It Exch list
SI M .V; St NAT.. 100
50
107
uugos 1953
M-S !102 103H2 Va & Southwestern.. loo
1 1st inert 0s 1910 .Ms
12
No Hud Co Ry 6s'14J-J
80
tucotue 6s 1915 J-J
5s 1928
218 34 220
J-J
li terborough Bap Tr. 100
Ext 5s 1924
M-N {105
Lex A v 6c p a v F 5s See Si t Exc 181
Industrial and .Uisccl
Pat City con O.s '31. J-D a 24
kfetropol securities See Stk E x list
2d Os
1914 opt A-O {100
Meliupol street By See Stk b. x list
Algoma Cop & Smelt ...
So Side El (Clue)
200
See C hicago list
Alliance Realty
126
Nintli Avenue stuck, loo 190
100 124
Syracuse Rap Tr 5s 1946
70
75
Second Avenue stockloo 206 210
IjAmer Bank Note Co. 50
Trent P <fe
L05"
103
5s 1943J-JD {103
HH2 ll»4
American Can com.. .100
st mort 5s 1909 M-K }102
FA {115 116 United Rys Of StL
OS's 08
Consul 5s 194Preterm!
100
30 1
Com vot tr ctfs
100
178
a Avenue stock 100 170
American Chicle Co. .100 125 128
80
Preferred
100
97
100
Sua Bualev 5s 1945. .J-J {102 100
Preferred
100
Men 4s 1934
SeeStk Exch list
Am ice Securities
So t'er 1st 5s 1919... A-O {105 108
See Stk E x list
102
UnitRysSanFran SeeStk Exch list
Third Avenue See Stock Exch list
Am Malting Os 19L4.J103
40
American Marble
Tarry
P A M 5s 192s }106 107 Wash Ry & El Co.. ..100
LOO
loo
Preferred
9 3 Hi 94
YkersSt K H 5s 1046A-O {106
1st conv g 5s 1014 .M-S
90'\
4s 1951
J-D
5s '90 {112'-. 114
I
18th
American Nickel
li
t
lHi
50
100
enty-Th'd st 3 tk loo 398
415
Amer Press AssoC'n.100 95 102 H,
1 West Chicago St
J-J
100
..M-N
2
5s
1900
101
5s
1936..
Am
Soda
Deb
IJCong
Fuuii cum. .loo
4
Uli.ni Ry 1st 5s 1942 F-A {110
112 4
55
1st preferred
61
LOO
^Ye8tcheot 1st 5s '43 J-J {110
113
2d preferred
11
loo
American Surety
50 L95 200
Gas Securities
Am Tobacco (new) coin.. 275 485
NEW YOSK
BROOKLYN
Preld
See Stock Exch List
Cent Union Gas 1st 5s. {108
4s and Os
list
See Stk Exch
Ave 5s 1909.. A-O {102
Con Gas (N Y") stk. see st k Exc h LU1 Am Typefo'rs com. ..loo
33
38
98
Don 08 g 1931
A-O 113 114
Conv deb 6s ctfs SeeStk Exch list
Prelerred
100
100
See Stock Exc
..I 58
Mutual Gaa
4
100 280
Amer Writing Paper. 100
5
E 5s 1933. .A-O 100 101
BBA
29
30
new Amsterdam GUs—
Preferred
100
stock...
Brooklyn City
L0
.11
1st Consul 58 1948. .J-J Sill's 113
87
5a 1919
j-.i
87 V,
-lock Exci.
Arizona Con 'I ining...50 f 29 V 30
N Y' 6c East River Oas—
Bklu Crosstn 5s 190.-;. J -J 102
{113 114
liahloini
1st 5s 1944
2
5
A-O 104
Consol 5s 1945
J-J
17 H 22
H Barney & Sm Car ... ion
.^eeStk Excli list
lb
N Y'JcRl.
125 130
Preferred
in See Stk Exch list
Nor L'n 1st 5s L927.M-> $105
Bl tlil'm Steel Oorp... loo
34
130
-0',,
..loo
lo
.-tain laid Oaa coin .. 1""
Prelerred
LOO
1st cons g 4s 1948. .J-J
155
tr. tr. s.l.Os 1914..
Preferred
103
112
k c A N 6a L939.J-J
109
113
il-N
115
1st 5s 1930
Company cum
18
LoT
50
6r>t<fcNewlst5s'ui; fc'-A 100
torrea
145
50 L30
. ..
l»t
ei St 1st On
102
120
BonddB -Mtg Guar.... LOO
OTHER
CITIES
Kings Co. Elevated—
Borden's Cond Milk.. LOO 162
1st 4a 1949 See Stock Exch
03
Preferred
100 114
Amer Light <fc Tract. 100
Xassau Flee pre!
1 iji
loo 104
British 'ol Copper
75
Preferred
7»8
5
A-O 110 113
8
68 1914
ani'lin Land
Bay 50
ie
18
l»l4s 1951
.see St k Ext h list
LOO
.union .as 5s 1938 597
kltj Co ol Ann
136
LOS
N wb'gA rut late
101
Brooklyn Union (.as deb
o
100 L28
i;^2
Stein way 1st 0s 1922 J-J }119
0'i-nt Fireworks com
07....Ms 170
121
6a
20
Preferred
7
1011
Buffalo City ;as stockloo
68
72
Exch List
ientral Voondry
1st os 1947 See Stock
4
3H
LOO
0THBR CITIES
19
Consol Gas of N J .... 1 01
Preferred
21
Buflalo Street Ry—
J-J
1st
919 op '01 m \
lat conaol 5» 1931. .FA
Ml. I.
Centra] Leather
tuners' L h & Pow—
Sei
»112>s Ml
0.1 1917
\
.ry Realty
i'»;
r-D {110
L07
LOO L58
?o City Hy
1-0
broogli m'iu Co LOO 440
Commons (O) St By.. 100
ti, Gaa 1.
City
.....
5s

27

24

87

Atlantic
26
PaolflO
Atlantic 25
II Southern &

9,991

141,192

$119,900

52,897

240.543

Coium Ky con

28

UackenaackMeadowslOO
Hackeneaok Water co-

LOO
.no

Chtoago Ellison Co See
Listed

H

'

Match

Gold inn Copper

SO

Philadelphia

Boston

Week ending

'

1

21

10

100
LOO

L896

11.

1

15

1

&

Electric

Tota

1

7

1

100
100
Preferred
liOniinral Chemical ..loo
loo
1 Preferred
la & Tens
lopper
6

1

510.;

8,34<J,0<J0

Franklin
Gold .t Stool
os. L905
inlson River 1 elepli
N Y'A N J Teleph...

'

DAILY TRANSACTIONS AT CHI BOSTON A.VD PHILADELPHIA
EXC HANG ES

Frulay

in ba

Douglas

99',

Telephone

•

B470

183,900

t

$16,991,500

rotal bonds

Thursday

1

steel

1

98

1

1

71

7
LOO

secarii
oil
lopper
100
Ele( trio Boat
100
Preferred
Electric Lead Beduo'n.50
Preferred
60
in Vehicle
LOO
Preferred
00
>«

1

12

1

Paa Gas<fi KleoLOO
e 5a L949....M-8
L937.J-J

....

Preterrou

'

'nil.

'

91

1

con

5.s

rn

.

'

id

6

•

Sat unlay

10

1

use

lerTelegA Cable LOO
Central A 80 Amer. 100
Commer Vu Tel in y').
ECmp A Bay State Tel 100

64,7
14,200,788,875 S6.018.10 1,075

BONUS

lyuo

:".>

!106

in

11.

11.

1

:

28
78

Teli'Br iV

L904

152,897,719

•

-—•No. share.-

4

'1

.
.

3

las

stor

'..ns

i

20
07

I

Kni.'".

1

71
L05

i

.100
100

.

Empire Steel

angt

Aug

L08
in

96
80

24

Joseph

00

'k

40

LOU
r-D

Os L926

Ky
il

1

}110

\

'.

1

l-t

'oil-

1

101

t

1

Stock

KK. and

1

.1

..ns
'

t Poti

11

5s L938
0<S 11.10 N u a in

•

'
,

'

10

S-D

19 ts

n B 5a

No Hudson L

$14,468,600

3.033.2 IS

\

(

.I

Car
fur,'

olid
1

97

i

'.'

30

si

,l

Newark Consol Gas., loo
1

1st
11

10

1

.

^

w nlis. n Gaa 6a L926.
\r\\:ilk 0.1s r.s 1944

8,173,000

40,41 1,800

\

Co

•

2,61 7,0 U

72,350

.

ll.i'.

;.is

Industrial and Hiscei
Air

.

.

LOO
..'.< oas
LOO
LOO
Preferred
l.aiavV' las] HI t.s'2 I. M N
WabV 1st 6s'25.J-D

$1,524,000
6 1,2

1

L937
Kansas City Gaa

1

25
50

61

6a L962

-

si

liXril.V.MiK

WEEKLY AND YEARLY

DAILY.

Bid

Oasm \

111

DdlauapoUa oas

!

-

'
'

1

THE CHRONICLE.

5 1905.]

Volume

1

.

1

j.r

loo

BOSTON STOCK EXOMNGE-Stock
Share Price*— Not Per Centum Prices

Monday

Saturday
July 99

Ann

(STOCKS

Auy. H

2

87 Ha 87 7*

87 H; 8734
102 Hi 103

*102i4 102 34

•255 266
167 34 157 3
•242 243
•
179

255
,

1

4

265 l<

MSA's

242

245
178

•177

24
76

30
76

"a

177

126

1

1

•

125

28

*807
•28
75

29
75
171

75
•

177

J 7s
177
178
/,ast sad 174

178

'307

29 H,
76
171

.!

i

177

178

•307
•28
•75

80
76
171
126

*

•125

fc

'

•807

•307
•22
76

8714 87H •863s 86 88 *s<i 78 87 h *86 78
87 i
*1H2>4
102 34
102 14 KI2
102% 102 Hi 102 14 102
266 256
256
266
265% 255 Hi 255 Hi 25 6
154 Hi 154H 154
154 Hi
154
154
164
<
21
'.li
•248 245
245
J'ly'05
Last 8 a
'4

J'ly'05

309

309
H

21)

75

hast Sale

1'7'i'" r\y"6i,

'125
Last Sale 7&7Hi J'ly'OS
Last .s a
J'ue'05
165

'125

•125

1.

Last Sale
140Hi *140

•140
86

86
92

»91

18
18
61 Hi 61 H
2214
U
•21

•
*...

.

•14
•50
•97

91

146
84
92

Hi

146
84

91

Hj

28 Hi
202 Hi

61

61

2214 22 Hi

•22 is 23

202 Hi 202 Hi

202

Hi

206

•14
•50

-14
•60

16

97

98

99
114

16

*98

98 34

97
98
130i4 131
*98
98 3,

•98

99

•98

1303813m

98 34

206
98

H,

202

202 Hj

99

206I42O6I4
*
98
79
79
•14

16

*50
98

98

*

77

Last
Last
Last Sale 5 J
99

J'ly'05

*98

98

9834

98
13138

98 34

984,

174Hi

174Hj
J'ly'05

Last Sale 99

98
114

113%113Hi

206 14

130U 130 34 131

98 34

"97

202
202
Sale r6? 34 May'05
Sale MS
Mny'05
206 '4 206 '4 206 Hi
98
97 Hi
97 H
•
77
79
Sale 63
J'ly '05
Salt 15
J'ly'05
202 Hj

•98

98

12934 130

Week

A

Santa FelOO
100

pref

Boston & Albany
Boston Elevated
Boston & Lowell
Boston <fe Maine

100
loo

100
100

Do pref
100
Boston* ProvnlencelOO
Boston&Wor Elec Co
Do pref
ChicJuncKy&US 1100
Do pref
ion
Con& Mont Class 4.. 100
Conn & Pass Kiv pref 100

J'ly'05
Do pref
Last Sale lb5H J'ne'05 Maine Central
•17 Hi 18H
Mass ElectncCos
17 h
17
Do pref
6l»4 61 34
61H?
00H1
Last Sale 20"a J'ly'05 Mexican Central

63

113

113

113

NYNH

Northern

loo
loo
100
100
100
Hart.. ..100

Sc

N H

100

Wor

pref 100

Old Colony
Pere Marquette

100
loo

Norwich

<fe

Rutland pref
100
•Savannah Elec coin. .100
Seattle Electric
100
Do pref
100
Union Pacific
100
Do pref
100
Vermont & Mass
100
West End St
50

113

Last Sale i4%
Last &at>e 43 hi
Last Sale 147

lor Prexioui
Year (1904)

Lowest

Lowest

Jlit/hesl

Highest

ill o.'i il-

Atch Top

Do

Range

lor Year

1905

the

Sharet

M;n'05 Connecticut Kiver...lOO
147
FitchbuiK pref
100
86 «a Ry <fc Electric
100

2.95

146 •146 146'a 146
*84
h7
84 Hi *84
Last Sale 91
92

17Hi 18% •17Hi 18

"a

207
98
79

79

98

•98

Hi

Last
Last
'206

207
98
79

130% 131V,

•

Hi

202

16

•98

18
61

61

202 H, 202 a4
•

87
92

18
•22

146
84

140Hi

•84
*91

0/

EXCHANGE
K:i

Range

Sales

BOSTON STOCK

Friday
Auy. 4

Thursday

Wednesday

Tuesday
Aug. 1

July 31

Weekly and Yearly

Record, Daily,

430 77%May20
62 99 Hi Jan 25
70 254 Jan 3
80 il5i Jan 25
1241 May26
44 rl72 J'ne 2

Jan 6
Jan 18

171

6 305
6 13HiJaii 17

63 Hi Jan
150 Jan
16 124 Jan
1-6 Jan
160 Hi Jan
285 Jan

101

42 142
110 59

Hi

86
175

105

23J

17
13

12

13% Feb 11
55M Feb 11
1934 May

406 195HiMay23
165
Jan 19
232 .Ian 24
42 205 Hj Jan 5
20 79 Jan U
523 77 J'ne27
50 Apr 1
15 Jan 13
50 Jan 5
44 93 Hi Jan S
4,398 113 Jan 6
123 90 May23

Jan 18
Jan 3
Jau 3
21HiJau27

12 172

93
30 112
146

Feb

4 I8'.r>4
19 165 Hi

Jan 3
Jan 16
Jan 4
Jan 24

Mai 8914N0T
Jan 104 14 Not

R

Mar25
Apr 17
Feb 7
Marl 5

Feb
Mai
Ann
Apr
Feb

155

Hi

242

Hi

175
174

Hi

Nov
Dec
Oct

303 Hi DfO

Oct

154
J'ne 127
J'ne 186
J'ni

rile; Hi

180

IXC
Dec

.I'm 254

1

>•

9 132

1

Mar '05 Wisconsin Central. ..100
Dec '04
Do pref
100
Apr '05 WoicNashife Roch.,100

93% Mar 9 64
104%J'ne28 88
261 Apr 4
158 Hi Apr 2S H37
249 Man 6
185 Hi Mai 14 158
175 Apr
166
810 Apr 25 295
35 Mai 22
82% Apr 18
Marl" 136
182

Dec

Nov

160 Apr
295
276 Jan
148
133 J'ne
86 J'ly 29 24 Hi Jan
93 J'ne21 73 Jau
185%J'nelu 170 J'ne
23 Apr 3 HHiSep
70%Mar30 52\ Oct
5
Api
25% Marl 4
211 Apr 17 185 Hi May

162 Hi Jan
285 J'ne
142 Nov
57 l»c

May26 159
May23 222
Apr 26 198
Feb 14 74

Apr
Apr
Apr
80 Hi Feb
79 Hi Not

167 3

4

233
212
102
87
72
17

Feb 6
Jan 19

137

Hi

175
100

J'ly 27

117H?Apr2*
25

Feb 23

Mar20 147

Mar2b

23

7

1

Hi

Nov
Oct

Hi

Jan 232
J'ly

Mai

Aug

73H4

Deo

....

40 Jan
87 Hi May

Feb 25
Ki-IV20
Mai 2

24 Jan
SOHjJan

J'ne 207

...»

10014 F-eb25

101%

Dec

Apr

199
Aut; 163

68
29

Mar20
55% Apr 18

88
175

42 Feb
95 H J'ly

% m ai 116% Nov

86 L4 Mar 97 Hi Dec
160 May|173 Nov
89 Jau 93 Hi Dec
108 Jan 114 Dec
16 l4J'iy 17 Hi Feb
37% J'ly 43 Hi Deo
143 Dec 146 Hi Deo

iHiHcellaneoiiH

23%
•90

23 Hi
91
*6ia
7
26 Hi 27
140Hil43H>
138ial38H?
139 139
37
38
103% 104

92

•6ia
•

23
90

233,

7

27^
140%140 34
138^ 139
13834 139

38%

38
103
*37e

103

H>

•116

117
•22ia 23Hi
6I9
*6 l4

*3%
117 117%
*22 34

•6%

243»4 244

181

85 19 86%
•190 195

86
195

•

1U

45

1H

"••

6H1

IHa

181
45 H>
86
195
lHi

13434 136 H?

134ia 13434
«1>8

23

24334 244

1773s 1781*
4oi« 453*

•1%

2%

23
91
*6

Hj

*12

2Hi

•

•6

t37%

108

108

108

26

*25

26

20

3H

•3

107
68ia

•32

3is

106

107
69
33

37Hi

U03%104
*3 78

•117l4ll7»s
23
23
6H2

244

6Hj

245
181
45 14
8634

181
45
86
193

194Hi

*1\»

135

•1%
•12

•25

91

27

239

108

91
6H1

14

14

23

27 Hj
142% 144 14
139 140
139 139 14

240H, 240 Hi a288 238
• 913 10
•913 10

•12

23%

1%
135Hi
2Hj

14
240

*9H2

10

108% 109 Hi

3i*

106 34

68%

68ia

3238

32%

20Hj 21
25H: 25Hi
*3
3H>
IO6H1 IO6I4

68 Hi 70
32 14 32 Hi

23
91

23
•91

27

*25
142 14 142 14

99

*

•83
•94

142HU43
139Hal40
13834 la9
37
37 Hi
103 Hal 0334

3%

116
24
•6
244
180

24

•84

95

6
6
28 Ht 28 Hi
8334 84

2ia
• •75

18
813s
• •60

2H>
"90
18"*

31 Hi
'621a

S\

8

670

670

2%
•95

6°s

181a

lOHi

2H
-95

18>a

31% 31%

•60

81s

675

99
86
100

84
94

28 34 30 '%
83 Hi 8434

10%

10

•

6%

99
86
100

-621s
8I4

675

6I4
6
3014 31

84Hi

63g

•1%
135

IH2

136

*1Hj

12

2Hl

14

238

3
3
105 H2 106 14

70

7014

32i4

32Hi

•60

22%
6U

22

-60

6

29 78 31
84
84 °b
•25

-25

10

10

2% 2"ie
1

183s

18H)

31% 31H
•65

-65

8W

838
680

7134
14

31Hi
-65

8

8 L4

675
22

2 34
-95

18

18
3II4

•15

71
14

Hi

•65

-15

•58

36

Hi

103

139
37
103 34

Last Sale
Last/Sale
*22°8 23
*6
63ft

71%

14H,

1131a •112

80
113 H

78

80

2ia

11

14

14

14
•78
•112
-a

7
2534
414
23 4

2ia

H7is
7
e

26
A'!?

2334

9ia
9Ha
•85
-87 Hi

2»4
•1

2 34
11»,
7 is
2534

4%
2334

9%

2»4

1H

•1

64

2 34
ll 7e

7%

26 Hi

-15
Hi

•58

3
11 34
7 4
]

26

113Hj *112
3
3
1234
13
73s

26 ' e

22 Hi

H

•90
-90
1434 15H
53 Hj 5334

15 34
54
3
lHi

23

4

234

*1
IH2
28 Hj 29
100 100 Hi

26

26H

1

1

li4

108

108

107

108

.-B105

126

2%
7s8

126

73a

7%

8 Hi

9^,

833a

33»4

81 % 31

10 Hi 10 H

45% 46

4%

13

4%
13%

117Hill7%
2

2

3%
2i4
7%

3%
23e
8I4

12534 125 34
634
7%
9Hi

9%

31% 32
33% 34
IOH2

10H)

46

46

414

13
117
134

7 4

24 34

23 Hj 23 H
9 34 10

1

3Hi

J

2334
« 78

414

'95

7ia

'

112

•95

3Hi

14

78H *77

414

28% 28 34 28% 28 't
100 100% 100 H 101
27 Hi
27
25% 26
•2

71i4

4«6

43b

•87 Ha -87

1434
54
3

14% 14 34
54

71% 71%

4Hi
1314

117
2

3
•2

7%

106
314

2Hs
8H)

4'a
7./.6H2
*22 3

4

9 7s
•85

23
6*4
-60

71 H.
14
78Hi
113Hi
3

1334
73s

26
43s

22 Hi
9's

14 34

16

63

2*8

25 Hi

26 H2

1

1

105

105

7'8

125

126

126

7

8

7

245

45 Hi

J'ly'05

240

240

21
*25
8
106

21

21 Hi

Hi

26

70Hj

IO6I4
71Hj

32% 32 34
Last Sale
Last Sale
Last Sale

106
71 7e
33

314
'i\

8
125
7 7e

•18
19
West Telep &
98
98
•98
99
Do pref
83 85
84 Hi
84 Hi Westing El &
Last Sale 92 Hi J'ne'05
18

18

6%

8

6

33Hj

34

35

84

84 '4

84Ht

84H

10"

"ii"h

"lOHi

"lOHi

2 Hi

95
18
31

2 3,

2 34

18
31 4

•60

18
31

-80

8 Hi
675
15 20
2214 23
•59

676

?

12

4

73 e

24 7e

9

Hi

2 7s

12 Hi
7Hi

24

Hi

IH3
2S!4

21 34

9Hl
-92 H.

•92%

14 34
63 H

14%
53%

7

2 e
1H?

28 Hi
9«!4 99
26 Hi 26 7 e
1H»

104
3
2
734

123
7

lHi

104
33b
2Hj
7 34

123
7Hj

9 l4

1%
28
100
26
1*18

103
3

2%
734

"7"

« 34

"§2%

33 ss 34\»
lOHi lOHl
45 Hi 45 H

34

1%

118
2

2

4%
2

414

May22
Mur30

91
•40

16H;J'ne20
97

Hi

84
91
t

2 34

18
70
•25

3,325

1
•45

2,258

4

24%May22

J

an 24

Mayll

May

2

May25
8
Apr 24 35
Jan 25

Aug

1

10%
46

28
100
26
13

Aug

89% Apr
Aug

•25

103
3
2is
7 34

'"lK
J'ne'05

"33"
34H
10 34
46

414

4S
12 H
120

11
4
14

((3 a i 6

Aug
Mar

2

75
43

Feb

•75

Mar

Feb
31H>Aprl2 15% Feb
•25
Feb
3 Aug 4
12 3fJau

8

Feb 23
Marl

•20

J'ly

7

Feb
Mar
May

Mar 1
16%Mar22 26 Jan 4
6 Mar 14
8 Hj Jan lu

•05

May

2

J'nel5

12%May22

1

Hz

l» a4

10

650
9,985

•10

Mai-18 •15

Mar24
Jan 3
Jau 25
705 11 Hi Mar3o
60 JanlO
113 JanlO

20
100
100
12

2
645
136 •75

J'ly

Mayll

•75

14 Hi

Apr
Feb

6 78 J'ly
•20

J'ly

7 Hi Apr
Marl 4 38 Feb
10 34 Aug
Hi Feb 15
40 J'ne
'4 Mar3J
103
J'ly
Mar25
3'4 Jan 13
1% J'ne

15 34 Jan 20

Aug
7% Aug

13

!

4

2

2 34

Nor

J'ne

7

7% Nov

1

21 Nov
82 34 Dec
1

Mar

14 Oct
29 34 Nov

Nov
Nov
22 H, Nov
3
38 4 Nov
l 3 ie Nov
7% Nov
700 Nov
•25
Nov
1 3234 Nov
10 May
3

lHi

•75

Jan

14 Oct
74 Hi Nov
36 Jan
72 Jan
116 Nov
4

Nov

15 Hi Nov

5 u ieNov

1
2% Mai
20 Oct 34 Hi Dec
10
5 Deo
Apr It •62 Hi Feb
2^ Jan 17 6 Hi May 3 5 Hi7 Nov
18 Hi Mai 13 d 3 Feb t9 e Dec
45 J'ly
1 Hi Jau 1l
2 Nov
15^4 Mail,.
0H1 J ne 11 Hi Deo
56 Hi Mar
34 Hi Feb 67 Hi Nov

30

'4

7

Hi

Api

I

5 Hi Jau

1'

1 Hi Jau JMay29
25
Old Colony
1,715 2 3 Hi May 1 29 Aug 1
1,278 88 Feb 9 103 Mail!
Parrott(Silv& Copp) 10 1,210 22 J'nel- 30% Apr lo

3 4 Jan 14
1,«00 •50 J'ne22
150 95 May 4 118 Jani;
25
Quincy
in- May 1
3 Hj J'ly 29
3,825
3 Jan 18
1 Hi May 8
Santa FelGoldcfe Cop) 10 1,330
6% Feb 6 9 Jan 3
8,129
235 101 Mu>2.. 140 J
8 Aug 1
2 Feb
13,908
24%j'ne2o 35 Jan 19
7% Jan 26 13 J8 Fob 1
9,475
9 MarlO 34 Aug 1
100 4,728
United Copper
UnitedStates Mining 25 15,547 21 Jan 25 34 Hi Aug 4
9%iApr 6 ll J4Jan 5
315
Unit States Coal <fcOil 25
3,141 39% Mar 4 46HiJ'ne22
2
Mayl9
6
Jau 13
630
9HiMay22 15 Hi Feb 21
25 1,495
Winona
120
Feb 16
105
Jan
4
601
2% Feb 21
lHsJ'uel2
565
..

<(

Oct
Jan

83
18
86
117

l

10

Apr

1

5

J'ue21
25%, May.il
8

2 May2t>
320
8 Apr 29
5,655
5 Jan 4
6,468
7%
24 Hi Greene Consolidated. 10 22,643 20 34 J'nel3
3 Jan 4
Consol..
5
250
Guanajuato
2234 Isle Royale (Copper). 25 1,930 17%May23
6 May 2 6
1,935
9Ht
25 1,330 •70 J'ue-7
-92 Hi Mayflower
a
10
9
Hi Jan
6,895
14 g
25 4,250 48 May 1
65 J4 Mohawk
lHi

Jan

1

25
Granby Consolidated. 10

12 Hi
120

2

34% Jan

98 7eJan 5

Franklin

13

4\)

2

25

"23 78

12 J4 1214

118 Hi 118 14

31 J'ne3u
ll 34J'ne 8
100 Ha Jan lo

300
276
300

MontanaCoal&Coke 25

Last Sale 24%
8=8

J'ly 26
May 2 3

-60
Cons Mercur Gold... 5 1,735 •30
12
25
Jan '05 Continental Zinc
3
70 4 Copper Range Con ColOO 58,431 64
69Hi

;,

21°e 22

18
25

Hi

Jan 4

2

140i4 Apr27 118 Feb 141 Nov
2 34 Jan 9
4 Jan
Hi Oct
8 Oct
17 Janlo
17 J'ly
208
Mar
Nov
243
252H?Feb2»
6%Jan
10HiFeb23
9 Nov
114 Jan 5 1:9934 Mar 116 Oct
23 Jan 18 22 Dec 22 Hi J'ly
26%iJanl6 24 Hi Oct 26 Nov
2
Jan
6 Oct
4 Jan 6
115 Feb 20 95 Feb 113 J'ne
76 Aug 4
33 J'ly 8
6 Hi May 20 Hi Deo
14% Jan 16
lUH<J'ne26 77 Jan 103 Deo
48i4 J'ly 2o 10 34 Feb 34 Nov
117HiApr 7 40 Hi Jan 99 Hi Deo
38 H> Apr 7
8% May 33 Deo
104'sAprlb 5 1*8 May 95 Hi Deo
67 Hi Jan 20 •50 Apr •75 Jan
22 Hi Feb 6
6HiJ'ne 23% Nov
104 Feb 8 76 Mar 101 Deo
92 Mar 9 75 34 J'ne 93 Deo
99 Mar20 f 90 Hi Aug 100 Jan

Bingham Con Min&S 60 2,766 28 May'22 35% Apr 17 19
Bonanza (Dev Co)... 10
700 •50 May 6 •85 Mail5 •39
6
BostonConC&G (rcts)£l 3,935 534 Jan 26 8 34 May 19
25
94 601 J'ne 7 695 Feb 20 435
Calumet <fc Hecla

14%
14H3 Daly-West
Last Sale 79
J'ly *05 Dominion Coal
Last Sale 116
J'ly'05
Do pref
2' 8
278
Elm River
3
I23e
73s
23 Hi
•4 8

5

Sm. 25

•60
5Hi

32 14 32 H

12 Hi
118

Am Zinc Lead &

J'ly'05

34Hj

43a

Amer Gold Dredging

Catalpa (Silver).
"2234

84

•12
118

-65
8H.

675

<5Hj

-60

70
71Hi
14H> 14Hj

1.486
13,877
Amalgamated CopperlOO 9,837

3
31H,

•65
8H»

8H3

Last Sale

25 1,559
100
100
100
100
100 13,188
100 3,789
25
Teleg.100
99
100
18
Mfg.. . 50
5

1
ISHt Atlantic

33%

4Hj

165
10

J'ly '06

2?Hi

••90

-95

33»8

13

Feb 6
Febl7
1 Feb24
10 Jan 6
150 230 May23
8 Hi Jan 12
100
214 105 Feb 24
1

5

287 134

Mining

5 78
30Hj

9H2

10 H> 10 Hi
46I4 46I4

r

Do pref
U S Leather
mis
Do pref
4S\i
U S Rubber
Last Sale 109 h
Do pref
34 34 36
35Hi
35% U S Steel Corp
3
103 4 104
104 Hi 104 H
Do pref
Last Salt •40
J'ne'05 West End Land

32
34
33 H» 33%
*10Ha 11
46
46H
4

106 78
76
33

660 19ia Jan 25 29 H) Apr 15 12 Hi Apr 24 Hi Dec
74 86 Jan 3 93 Marl3 71 Jau 87 Deo
4 14 Apr 13
45
7% J'ly 7
3 Hi Feb
6% Nov
160 20 Jan 17 30 J'ne22 17 Feb 27 Hi Sep
Mar 2 122 Hi Feb 152 Hi Nov
9,625 l30'4May23 149
303 1 32 May22 140 Hj Mar 7 122 Hi Jan 141 Nov
1,708 137 May23 148 Jan 4 119 14 Feb 149 Hi Nov
9 Feb 21 Hi Nov
720 21 Jan 23 40%Aprl8
68 Hi Jan 94 34 Deo
1,389 92i4 Jan 3 109 Mar31
3
3 14 Maris
4 4 j'ne 9
3
Nov
4 Sep
116 Wly25 124 Jan 6 112HiJan 12234 Deo
39 17 Jan 24 24% Marl6
7%i J'ne 1934 Nov
5 Hi Jau
6 Hi J'ly 5
7 Hi Deo
7 34 Jan 10
50
102 z242 J'ly 15 257 Apr 6 230 Feb 265 Aug
191
al51
J'ne
Jan 17
194 Nov
187 169HiMav22
6,507 38 l4Jan 6 46% Aug 4 36 Dec 44 l4 Aug
3
1,404 8OH1 JanlO 88I4 Mayl2 77 4 Mar 8434 Oct
51 *tS5HiJ'ne20 206 Apr 29 173 J'ne 200 Nov

2HtMay25
Union Cop L'd & Mg. 25
420
United Fruit
100
833 103 Apr 29
Un Shoe Mach Corp. 25 7,823 57 J'nel5

J'ly'05
J'ne'05
J'ly'05
J'ly'05

i3Hi

9

13
117

21 Hi Torrington Class A.. 25

3

8»4

8H1

Pullman Co
100
Reece Button-Hole.. 10
Swift & Co
100

108i4l08 34

14 Hi

2 e

10

& Tel 100

23

241

63
7

•1
l\j
28 34 28 34
100i4 100 Hi

3H)
2Hj

J'ue'05 Boston Land
J'ly'05 Cumberl Telep

9Hj 10

•89

-89

63

246

100

pref

Do pre!
50
26H
143 H, Amer Sugar Refin
100
Do pref
139 Hj
100
Amer Telep & Teleg.100
139
373* Amer Woolen
100
Do pref
100
103 Hj

Last Salt 13

Last Sale
71*

37 14

103

675

675

*61b

Do

6Hj

Edison Elec Ilium.. .100
General Electric
100
46 h Mass'chusettsGasCoslOO
8634
Do pref
87
100
19434
194 34 Mergenthaler Lino. .100
•114
IHj
Mexican
Telephone..
10
*lHt
lHi
136 136
136
136 N E Telephone
100
Last Sali 2 16
May'05 PlantCom t'st stk com 100

Last Sale
2
•95

21% 23
6I4
-60

139

Amer Agricul Chem.lOO

;

6Hs

11

*6Hj
•60

-60

•94

-25

675

2234

99
86
100

99
•83

•25

•65

26Hi

143
139 Hj
139

139Hj139H

23Hi

92

6H1

238

9 34
9 34
109 109
•20
25 26

*10

•15

22 34
•6 is

86

"91

244 24414
181 Hi 178 179 H?
45 14 45 Hi
453s 453,,
S6«8 87
86 Hi 86 34
194 195
195 195

3514

*

85
100

23Ht

•6

35% 35 14 35% 34 e 35 14
103^10334 103%103 34 10334 104
103H3 10334
••50
-60
•50 -60 •50 -60
• •50
"60
18 19 •18 19Hi
•
19% 1734 18
361s 36 "a

23
92

•2

Hi

J

au

J'nt

•uO

9 Hi

53
2i; :,4

ii-JU

80

6\
2 Hi

Aug
Nov

Feb
Feb
Feb

29 Hi Dec
98 Nov
33 Hi Nov
Aug f5 Nov
Feb 125 Nov

3
Nov
3 Hi Nov
Aug 10 34 Nov
85 May 140 2s ov
•25
J'ne
414 Nov
34 Nov 43 Hi Deo
3% Mar 18 Ha Nov
Mai
6
6 Max
18 Jan 28^ Deo
8 Hi Jan 12J4 Nov
30 Jan 47 Nov

Mai

•50

1 H3

3

J'ne

Hi

2% J'ne
5

69
•50

Feb

e^gXov
13% Nov
Nov
1 3
Nov

Jan 110

Feb

•Before pay'tof assess'tscalled In 1905. d Before pay't of assess'ts called in 1904. *Bid and asked. UNewstocs. tAss'tpaid. tEx-rights. aEx-div.& rights

J

'

A

BUNDS
B08T0N STOCK KXCH'GE SI
BMDINS AUGUST 4

Price

Aug

—

Am
Am

—

4

90% snu

M

10J-4

87% Sale

joint b.
Chic Jo Kv

Northern

6sl920 J.J

126&4

MA

St

1"

.

Wis V

iliv

.

Concord A- .Mom cons 4s.. 1920
I'.iss B 1st 2 4s... 1943
1927
Current Hiver 1st 5s
1st 4s... 1946
DetGr Bap A
1013
Dominion Coal 1st 0s
1900
Eastern 1st gold6s
Fltchburi: 4s
1916
1027
4s
Fremt Elk A- .Mo V 1st 6s.. 1933
1033
Unstamped 1st Os
coU tr 4s 1021
Gt Nor
BeKistered 4 s
1921

120
108
109

100

UB*Q

102

97%

M-S
M-S
M-S

103%

A-O
A-O

139
130
lul

102 %

;

v

1

1

106=11

J-J
y-j

satuj-ttav

Monday

July xy

July 31

109

LOO

lop,

UU

L26
L08

101

OS

J'ue'05

140

Apr'05

130
136

140%
140%

101

98

101%

100'.

98

101%

02 V,

109%
1

03

Hi

103% 103%
lor-', 10'i

'('5

all

Exchanges— Stock Record,

Per Centum Prices

Tuesday

Aug

ACTIVE STOCKS

Thursday

Wednesdati

1

Aug

25

04

OS

101

101

L02«b L03

1

KITH

Kill'i

100

106%

^102% 102%
124 4 125%

-

I

:,

IOH'8103%

10
Mai '02
00 "a J'ly '05
105-'4 100% 105 \
105'V
107
Feb 'OB
T130

102%
100

94 »4 J'ly>0(
102 % J'ly '05
105 '4 J'ly '05

102%

103 'hMuj-05

102

104

4

!

4

and asked.

103%
io5%

10H
ion

'05

•iOi
1 1 1

111 % Apr '05

109%.

%

102% 102%
105 s4 100%

104V»<

Jan

U'Jl

'.02',' 07

Apr'O.i

104 U

Sale

106%
U18%1
107% 111%

11105%

130%
J'ne'05

'h'i

IOO

100

07

104%106 34

moo %.riy'(i5

TO0%Sale
100 111%

oi

%

1

1

%

1

Flat price.

1|

Weekly, Yearly

Daily,

Range lor TYevious
Year (1904)

Jiaage lor Year

Sales
the

1905

Week

Stocks see below)

4

TViv'rT"

00 >4 100

ol

(For Bonds and Jnactire

Friday

A Ufl 3

•j

103

latest bid

;

J'ly'06

't

'.

FA

price Friday

102% 102%

A pi '06
L06% Feb'u6
100
Deo '04
100
Deo !
104% .I'm 'HI
12 H Jan '06
125% Mar'06
10 J % Apr 'o5

i.

No

N.iv'ir,
lep 'hi

LO8S4

A-o

olil Is
Mil Colony
L924 FA
Hie- By A Nav 0011 u'4s.. L946 J-U
Oreg Sli Lino 1st 6a
L922 FA
Bepub Valley 1st B 6a... 1919 J-J
Kutland 1st con gen 4 "98. 1011 J.J
HuUantl-Canadian 1st 4s 1010 J-J
sa van null Klec 1st cons 3s. 105 J-J
Seattle Elec 1st g 6a
L930 FA
1018 M-S
TorrLngton 1st g5s
U nion Pac RK&lgrg 4s 1047 J-J
1911 M-N
1st Lien conv 4s
United Fruit conv son 5s 1011
s steel Corp lo-tio vr 5s 1968 M-N
West End Street Ky4s... 1916 FA
1014 M-S
GoM 4%s
Gold debenture 4s
1916 M-N
1017
Gold 4s
Western Teleph & Tel 5s 1982 J-J
Wisconsin Cent 1st gen 4s 1040 J-J
Wisconsin Valley 1st 7s 1000 J-J

ISoston Bonds.

Hoi's

102% Ang'04

MS

LOO

J'ly

1

',

May'06
Mny'04

97 % J'ly '03
07% 93
101% 101 J'ly '05
102 h J'ly '03
102%

'J

102 Hi

;

KM

:

101

t

126

in:;

25
Mar'OB
10 V Nov'04
75 J'ne'O,:

t;

108%
108% 109%

;

114 'i

'.'
I

V

is

%

1

'

'115

Kill

1

1

111.

98%

, J'ly'

LO !%

100

104%

mi

120%

1

High
101%
102%

.Vo

1

L04%

L02%
"77" "77%

.'ice

J'ly'05

J'ly

1

I

1

lanuuni

J'ly '06
j'ne n
J'ly '05
J'ly '06
J'ly 'OS

98%

911

'.'1

1906 J-J
1005 J-J

1st 7s

u.

Ills

r

106% 108
004 100%
126% 126%

J'ly'05

U)o%
100%

N Eng

i

140

Sale

loir,

IS

'k

i2i

loi Hi
lnl'i

1906 A-O
1907 A-O
10OS A-O

6a

108
99

MS

6a

1

l"7
iua

\

l

New EngTeleph

107',

100% Sale

— >ot

Aug

,

109
101

lii'l"

JO

\1

-,1

i

!09%MaT'05
102% 102%
103% Apr'oa
L06^ May '05

,

14H

L908
1928

1st 7s..

1st 8a

Philadelphia and Baltimore Stock
liaic Trices

1

vn

>'oi't— Buyer pays accrued interest in addition to the purchase price lor

•

.

;

95% 90%

Mar'05

OS

100
......

s a Gull

i-'t

1

N V.t

109% Mar'02
112% Jan 'on
102% Apr'i'5

J -I)

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

W

'06
V'J

126% Mar'05
Feb '05

126%

c CUn a 8pr

High

100%

&

S?

/.in/'

1"1H. LOI
L28
nl

\

B..

1

j'lyo.

ioo

.

Conn a

1

,

81

21

107%

107%

9i'% loo

A No Mich let gu 58.1931 M-N
A W M Ion gen 5s. 192 J-D 108%
.

1

I

1

•(..-i

107%

Chic
Chic

9

129

99 \ Apr
95% 96% 00 78 J'ly '06

Stk V.is ;>s 1916 J-J
Cull trust refunding g 4al940 A-n
Ch Mil A St P KuO D 68.. 1920 J-J
.V-

lO'.'

1

100%J'ly
100", Deo

L00*a

1949 J-J
I

.

'

FA

.;

ly '08

Mm

lol

lsi 5s... 192.

o
A-O

i

,

a.si

l

Ask

10]
101

J

An

t

io;;i
Assented Income 5a
A M By a Hi
5a L92U A-O
KanC SI Jo a H 1st 7s.. 1007 J-J
i. i; a
Ft sin id gr 1st 7s... L905 J-J
.Maine Cent inns 1st 7s. .. 101'J A-O
Cons lsi -Is
L912 A-O
Maro Hough A Ont lsi 68. L926 A-O
Mexican lem ral oona is.. 191 J-J
Jan L939 J'ly
1st eons me 38
Jtl eons mo lis
Jan 1939
Mieli Telep eons 6a tr roe. 1929
M lime Gen Klee eon g .">s L929 JJ
020 FA
New Eng Col Vain 58

i

J'ly •05

99%

.» ii

KanC

J

loi.

ennvei delii'ii
A BlOUX (' 181

ills

Kan

106 J'uo •i'l
129 J'ne 06
lii'sJ'iy 'OS
87
B
loo Sep '04
'06
loo
101=8 Apr 05
H'.'i
j'ne '04

HIS.

M-N
1921 M-S

I

Ch

in-.".... I

.11

I'.

Kan C Ft Scott A M 6a
Kan C M A It fCen is

Mar 'o;
12% Jan '03

99%

K

—

!>.

94.%

Kol) '04

'0

i

is

!.l

101
1

—

Nebraska Bxten
B a S W - .Illinois Piv
'as

N
Ills

I'cO •04
B9 7g Jan '02

FA

loin

Illinois Steel telien 6a

1

II

Frtdav
A up 4

--.-

inn

87

•.'.->,

4

High

117

.

.v.

100

ITIC-

on stuck EXOH

Wll.k F.MHMI AUGUST

K'l% Apr '00

1907 J-l'
19 14 J-J
Maine l %a
ii A
1906 FA
l
in
Post A Men 3d issue 7a... 1904 M-N
Boston Terminal 1st ;!%.<. 1947
1918 J-J
Bur A Mo Bit ex 6a
1918 J-J
Kon-exempl 6a
1910 J-J
siukin- mint -is
A-O
191
Boston Lai 6a
Butte
Bap 4 Mo R l.-t 78.1916 M-N
1909 J-D
7s
K
ls..Mayl92U
Cent Venn! 1-:
J
nd 48.1006
Chic Burl
:.s
A-O
1st
1919
Iowa DlT
l»l« A-O
Iowa Djt 1st 4a
L913 M-.N
Debenture 6a
1922
Denver Kxten 4s
is

I

So Low

Hitih

110

I

ii tanuary

JHy'06
102% 102 H
88%

A-O

J'ly 1996 V.v
sot Light let 0a. 1008 M S
M.S
ConaoJ 5s

Bostons! Lowell

551

BONDS

Banff*
Sine*

.siiiV

K'i'V 100
Bale
tie
107

j.j
,VI-S

la. .1996

Atchl'opA Slfegong

Lust

Ask Low

Bid
100

jj

1808
Hell Telephone is
Telep.fi Tel coil tr 4s. 1920
1908
7s..
1st
Ateh a N< 'i wk»

M*>1

II

Aaiif/e or

fYida*

WEKK

ostment e 4»

1

Boston Bond Record.

5 1905.

-;.

i

'

.
1

Lowest

shares

Highest

Highest

Lowest

Baltimore
•84

HO
'25
*

*..

.

85
*5
87%
103% 107
105% 107% 107 100%
*24% 25
"24%
•87% 88%
*53 34 54%
•53
14
14% 14%

87% •85

88
100% 104
25
25

101
25
80

-So

-53%

54%

13%

13"-,

51%

51

"ii" 'u'

Consolidated Gas
100
Northern Central
50
seaboard (new)
100
Do lstpref
100
Do 2d pref
100
United Ry & Electric. 50

Mayl6 90
May25 L10

100 83
09

3,833
314
1,315

86 Dec
J'ne 109% Dec

Apr 13

67% Jan

J?eb24

71

21% Jan 16 26%J'ne30
83 Mar 2 3 00% J'ly
47% Jan 24 57 J'ly 10
12%Apr24 18 Mar 3

6%

J'ne

15% Deo

J'ne

51

Pliilndelphin

51%
23% 2Sh

x>l-h

27^

II s*

11%

11-4

•51

11»B

45

10
103

•

.

02\

3*

3',

44

ln5

44<4

>,

45

8%

&>*

27%

16

02% 03
3%
3 %
71% 71%

71i%e71"i..
llsj

51%
27%
11%
12%

51% •51%
27% 27
27%
11%
11% 11%
12%

27 \

52%o2"i
•10% 47
•46% 47
60% 00%
95% '-'S'V

&%

27%

27<%

-

S2W M

4
47s
-40% 47

•4ti

!

60%

j

07

-4

I

PHILADELPHIA

16%

•la
•103

62%

105
63

51'

104 % L05

hlSie

8'j.

8i% 9

Easton Con Electric {.60
Elec Storage Batt
loo

loo

Indiana Union Tr

100

ln-ur.iuce 1.0 ol N A.. 10
Inter Sin PowAChetn.60
telephone ..50
Preferred
60

Ask

6%

6%

"4-%

49%

''-

Lit Brothers
Little Schuylkill

10

S3

84

29

30

H..60

60
Nort!i Pennsylvania. .50
Penunylvania salt
60
Pennsylvania steel. .Ion
Preferred
loo
PailaCo(Pittsj pref... 5n
Traction
vavx General
Susqueh Iron <fe SI.

;,n

1

2

04%

"97"

Westmoreland
•

99
loo

1%

1%

1%

2

J-l)

117
126

150%

50

Coneol

lsi

La '39

162*"

Georgia Sou

....

72%

40
100
75

8

9

Anaooatta
All

'

*

tin o( iinleOi 4s
U yr Is 1025

Ball

iO paid,

1st

I'

Tr.u:
No Ball

I!. lit

'

•

J.J
1

M-N

.oi'.

i

un

i

os

l-,t

in I'll A.-0
5s. .'20 M-N

Dlv68 1012

hi, ie 5a. '06

JK

M-N

Byoon6el032 m-.n
KxtA Imp 6s. 10112 M-S

i^ljpaid.

|

*10

paid,

I

10(1

101

Norfolk St 1st 5s '44. .J-J
North Cent4%s 1925 A-O
Series A 5s 1020
series B 5s 1920
J-J
Pitt Un Trac 5s 1007. J-J

118
05

108
114
117
1

10
13

1

1

$20

1

paid.

A

L06

South Houinl

110

i

I

1

108% 108%
115H 116%
111% 111%
111
111%
122% 123%
114
62
30
104
117
116

115

62%
30%
106

81% 84%
95

93%
107
112
19

1

119
110

1

st 5-.

.

111

1

90%

;,,,

J

110%
118

\

4%8'29M-N

.

6a L906..M 8

2d series lis L911...M S
3d series lis 1916. -M >
.M-a
4th si 8-4-6
si

i

103%
111% 111%
11
1

l

12

'

i

.".tii

I

.1

•'•"

L6
Lai

1

B7
oi

'.'.',

i.,vl' lsi
Kl 1st

i

Vn Mid

19

lea 5a

L926.M-S

1

14%

5

%

1

1

1

10%

:..l-.l

IS

121

l-i,

,.

'i-l-l
j 1914 J
J J
is' ' '!
I

110

90
1

Un UvA

108%
1

\

lloan 6a L926.J

Im
05

LOI %
1

106

l'olo Val 1st 5a 1011. .J-J

s.ali

01%
106
117

116

106%

.1

1

106%

102% L03%

-J

Pnndg 5s. L916 M-N
hange3%s L930J-J

A

M-N

gold iru-i cits.
rtils 4a
Ei-rigi.

L BB481952M-8

Bait C Pass 1st 5s '11

ioi'"

v-o

1

a

cfc

Atl Coast. L(( ;i )otta5a j.k

<:

PI...
.-

Pot 5s
1st 7. ..1907 J-J

& Ch

Allan

Npt N&O P 1st 6s'38 M-N
General 5s.... 1941 M-S

sav Fla AWest 68 '84
Seaboard A L4a I960

Bonds

102%

Bid ana asked prices; no sales on this day.

loo
100
ioo

G-B-B Brewing
Mt Vernon Cot Duck

JJ

1919... Var
Md Bteel coi
V '',,„ 7s '06.J-D
.".s

5a '17

Tru-i

30
OS

Fla...l()0

2d pref

In

50

<fc

1st pref

90%

Incomes

i

M-N

Penn A
Pa St N
Con 5a 1039

Ii

85

100
00
118
114
114
105

116

lst6s.1916.I-J

Consol Gas 6s...l01o JK
1939 J-D
5s
Ga& Ala 1st con 5s '4 5 J -J
Ga Car & N 1 st os g "29 J-J
Georgia P 1st 0s..."22 J-J
GaSo & Fla 1st 5s 1945 J-J

102%

AtUu Coast LineRR.lOd 102%
Allan Coast L (Oonn)lOO 400 440
.mum (Jo
loo
02% 00

NoOhioTrae COn6s'l '.J-l
No Penu lsi la '36.. M-N
Penu gen 6a c 1910.. Vai

i

Col&Grnv

-

N Vl'liA No

Phil

Sub(Was)lst5s'48
Coal<feIRy lst5s'20F-A
A;

100

BAl/riiHOKE

113%

A

125

Ask

Bid

AiiautacV; Charlotte.. loo

Wlks-B GAE con5s'55J-J

87% 89

1

CharlC&Aext5s.'09J-J
1910 A-O
2d 7s
City & Sub 1st 5s. ."22 J-U
City

Dec
43% Oct
1 10% Deo
70

t

Inactive Stock*
Ua Cons Coalds Iion.lOo
I'rel
100

Ry8Trctfs4s'49J<fcJ
U Trac Pit gen 5s "J 7 J-J
Welsbach s f 5s 1930. J-D

KU',

||

59% Deo
4 % Nov

8 Jan 19 Nov
10%.Mar 41% Deo
38 Mar 46 Deo
28 Mar 42% Dec
45% Jan 59% Deo
.si
Ma\ 08 Deo
19% Oct 22 J'ne

00% 97
85%
113%
G-B-S Brew 3-4s 1051M-S
62% 03
2d income 58 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu58'42M-S
.MelSti Wash ilst.".s'25 FA
60
71
.Mt
Ver Cot Duck 1st 5s.
00
94

Un

M-N

Peo;

13
Coal..

ibo%

Koch Ry& L con 5s '54 J-J
U Trac Ind Ken 5sT9.J-J

33% Feb
2% Mar
55% Mar
37% May
May
5

Clias City Ry 1st 5s "23 J-J
El 5s '99 M-S
Chas Ry G

ioti"

Oct

18% May 26% Dec
7% Feb 11% Nor
5% J'ly 14% Nov
20 Aug 44 % Nov

BALTIMORE

Ask

Ry con 5s 1930

Rochester

i

is 2003.
1st La '29. J-D

W & B col tr 4s '21. J-J

1'

109

>

II

Os

M 4s g '47. A-O
M ot 'S2 4s '37. J -J

Terminal 68 g 1941. Q-E

50

r.ns j.k
Pass eon 5

Penn

50
-,,,

Steel'.

4

14%

'-

Ex Imp

Con

119%

New Con Qaa 5s

1%
14

-1

LQ

101

In<

90%

90

4%s g.l924.Q-l

Newark

11

Bid

-13

.;

...

& E gen M 6 g '20. A-O
Gen M 4sgl920..A&o
Ph & Read 2d 5s '33. A-O
Con M 7s 1911
J-D
ConM Osg 1911. ...J-D

LehiKhNav 4%8 T4.Q-J

Gen cons
I.eh V Trac

48

919

Ask

i'02% 103%

&A
M
101%
&
Eq II Gas-Llstg5s 102s
11 A li Top con 5s "2
A

Consol 6s 1923

i'0'7"

Nevl

Pitts....

1st con 5s 1932
Con Trac of .N J 1st 5s. '33
E
1st
os 1920 M-.N
Elec
Peo Tr stk tr ctfs

Annuity

Limed N J P.O. & (.'..101 269%
Unit pow 4c 'trans
25

U

50
100
Pennsylvania RR
50
1'laladelp'a Co (Pittsb) 50
Philadelphia Electrict. 25
Phila Rapid Transits. . 50
Heading
50
Do 1st pref
50
Do 2dpief
50
Union Tracton
50
United Gas liupt
50
Welsbach Co
100

I

ioi" 106

in
10

Preferred

Ry

M

100
100

Jan o 54% Apr 4
24% May 2 2 28% J'ly 28
10% Jan 25 12% Feb 20
21 10 Jan 9 17% Jan 27
180 38% ,]-,.. .01, 49 Jan 26
288 14%
1
25% Mar 4
1,295 100% J
110% Feb 14
1H.117 52% Jan
70 Feb 25
1,685
J'ne 1
5% Jan 17
14,181 65' 3 le May22 73% Mar 13
25.900 40% Jan 25 4S% Mar27
3,014
J'ne 5 12% Apr 2 7
8
0,285 tl7% Jan 4 i 36 Apr 17
44,767 39% Janl:-; 515,9 J'ly 7
44 45 May20 47 Feb
280 42 Jan 9 47% J'ly 10
782 68% Mar 9 03 May 19
13,918 90 J'ne 5 125% Apr 18
200 20 Feb 28 28 Jan 17
125

2,437

P

Leh V C 1st 5s k '83. .JJ
Leh Vext4slstl04s..l
M->
2d 7s 1910

%

10

'vater Steel

Preferred
Warwick Iron

Bid

Che A D Can 1st 5s TO J-J
Choc & Mo 1st 5s 1949 J-J
Chuk&G gen 5s TO J-J

RP.s 4s g

rman A NorTls.50

United Trac

40% 47
8i 3 i6 b l5 i«

Al Val E ext 7s 1910 A-O
AmRysconv5s 1911. J-D
Atl City 1st 58 g '19. M.N
Balls Ter 1st 5s 1926. J-D
BergdtEUrw lat68'21 J-J
Bethle Steel Os 1998. CJ-F

Gen

Steel..,

of

71%7l'% 6

Indianapolis Ry 48.1933
Interstate 4s 1043 ..l-'-A

25%

tr ctfs
tr ctfs

-i

l9 Sl",«

'»

50

Nor the in Central

Tonopah Mining

Gen Asphalt
Do pref

64% 05% Lehigh Valley
3% 3% Marsden Co

04-4

PHILADELPHIA

Col St

KeysloneWai

'.'

8' 3

13
45

50
50

America 10

100
10% 10 3 Lake Superior Corp
L05% 105% 106 Lenigh C & Nav tr ctfs. 50
i(5-'4

3% 3%
71% 71% «
46% 46%

8' 3 I«

Klectrie Co of

--2

100

Indianapolis St

A

*41

'4

IV'.,

L

00
Harrison Bros pref. ..loo

.-scluiyl

11%

27% 27% 27% 27% 27% 28
27% 2S',
53% 53%
52% 51% 52 % 62%« 5 3 4
4(i% 46% *40% 47
46% 46% •46% 47
-45% 46%
45% 15% 45% 45% •45% 40
60% 60% 60% 60% 60% 60^
60% 60%
0s%100
96% 96\
97
05% 96%
08%
-22
25
20% 20 % 21
21

Preferred
50
Diamond State Steel.. 10
Preferred
lo

Iron

105
62 %

62% 6U%

Coke, loo
loo
ConsolTrac Pitts
50

M.nehUl A

44

525 19

&

Preferred

44%
16%

71%7Ua l6 Vl 3 ia 71%
44% 45
44% 46%

Bid
10
50

Germantowu Pass

11 34

Jnnd-

American Cement
Bell Telephone
Cambria Iron
Central Coal
Preferred

11 34

•12

16%

1(3%

Inactive >tocks

N Haven

52% American Railways....
51% 51 3* •52
27% 27% Cambria Steel
27% 27%

4

18
16
•103 Hi 105
ii

H,

esVaC<S r
wii A W(
\\

95%
I

1

1

i

116

THE CHRONICLE.

552

[Vol. lxxxi

ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER W \Y
V

deposits

to

C g

Capital

1905

Loam

Massachusei
Boston

Rhode

i

Connectli

Now

8,820,250
20,147,550
D o 113,767,670

England States.

New

Yolk City
Albany
Brooklyn

34,743,461
i5o,O00
1,250,001

in,;.

1

4

New

597
o

Philadelphia

-,

22,105,000
23,100,000
2,273,985
4,694,200

31

Pittsburgh

24
71
18

Delaware
Maryland
loin nibia

(

1
li

.

Washington City

1,29

Eastern States

Georgia

-

Florida

Alabama

05

Mississippi

26
?

418
6

26
116

Arkansas
Kentucky

y

Louisville

65
1,104

Southern States

317

Ohio

10
8
181
7

Indianapolis

332

Illinois

12
83

Chicago

Michigan

5

Detroit.....

Wisconsin

108

Minnesota
Minneapolis
St Paul

213

6

6
6

267

Iowa

3
4
3

Cedar Rapids

Des Moines...

Dubuque.....
82
Missouri ......
6
Kansas City...
3
Joseph
St
7
St Louis
Middle "West. States.. 1,676
91
North Dakota
71
South Dakota
146
Nebraska
Lincoln

4

Omaha

7

4

Wyoming

29
19

Colorado

62
6

New

23

Mexico
Oklahoma

96
127

Indian Territory

850

Western States
Washington
Oregon

37
39

Portland

68
10

Los Angeles
San Francisco

9
27
13
4
4
13

Idaho

Utah
Nevada......

Arizona
Alaska

Hawaii

United States

19,, os,

9-1,9,11

1,188,000
095,000
1,017,000
732,660
2,617,565
2,107,000
2.036,72.-

38,437,459
10,745,591
4,190,000
3,143,396
781.000
4,724,935
1,923,000
9,683,042
12,675,000
3,047,538
1,115,500
2,558,610
1,022,500
1,983,5 1

2,302,083
1,140,000
3,903,u02
163,000
260,000
118,000
1,336,483
1,350,090
200,000
10,716,000
78,983,387

570,337
345,399
1,914,835
175,000
6yo,ooo
1,825,702

550,000
172,500
7i(O,500

247,750
1,155,676
1,120,000

282,150
400,801
975,891
11,276,540

223,700
5,000
13,310,992

86,000

1

3

635,000

SO, (Mill

1,502,787

13,1

9

99,7-5,100

67,957,881
30

.7

5

40
465,187

2,157,480

7,1 .'3,74.,

8,47

7,280.

9

1 -.511,438
50,879,568

91, ,,00

3/1,877
05 ,23o
284,702
30,000
s5,575
79,831
1,141,118
.

l,54o,53i
1.0)4,429
10,792,91,

381,281
61,625
24^,500
758,510
189,97a
1,406,669
21,654,400

14,596,897
13,209,956
31,379,306
3,891,833
17,313,644
44,149,030
3,110,603
3,539,088
10,377,770
6,441,197
31,474,932
30,700,390
0,430,340
12,358,715
12,020,270
217,000,048

205,000
267,622
268.000
72,928
S9o,640
868,070
23,000
92,000
436,312
121,912
32 1,340
1,083,355
163,559
248,564
50,820
5,lls,727

1,730,301
1,504,057

690,963
331,u32
1,447,297
1,020,097
4,422,526
1,149,888
658,462

625,620
693,188
820,815
406,000
242,572
900,897
1,263,981
38,000

685,218
243,003
928,221

122,458,815
44,250,375
45,770,906
12,350,3357,010,193
18,382,108
117,346,206
204,620,493
49,120,180
17,987,869
46,783,395
27,711,560
41,932,o73
24,981,752
18,014,998
64,997,435
3,737,054
5,840,652
1,979,615
18,437,361
39,635,301
6,848,013
98,540,761
1,088,749,447

2,01.,,.

3,475,834
14,637,421
5,753,o06
16,855,082
15,086,123
5,006,942
9,714,122
13,985.748
209,790,500

0l2,s57
2,532,243
1,203,550
3.203,101
9,954,918
2,045,848
1,419,767
1,721,290
1,130,465
1,540,939
1,081,740
1,778,876
1,778,662
162,145
240,4s7
180,629
583,032
877,752
425,525
2,204,020
41,699,376

-

388,909
3 7.512

6

1

3<"

1,211
.,..706

53,200
300,197

122,851

2-. ,,377
74,' (20

106,372

2oo,si

390,070
23,378
34,298
104,783
51,020
191.891
160,102
66,895
169,90b
179,084
2,057,704

07. ',994

4,90"
453.937
358,198
10,009
63,000
26,097
14,421
179.590
461,856
41,902
135,036
139,066
2,162.969

164,240

4,254/246
3,1 8u,127
2,52.<, "08

1,134.009
2,157.575
1,110,770
3,204,241
17,915,578,
1,354,824
1,282,255
1,177,917
2,301,047

766,7/9
521,760
716,251
1,633,309
32,820
392,020
48,200
497,666
965,800
338,086
7,171,335
64,719,681

60,522
260,844
139,85"17 7,359

1,781,542
194.069
348,42 8
296,317.
9,162,746

303,275
71,667
23,610
158,728
1-4,722
40,700
148,188
31,271
91,240
2.884
133,013
1,189,298

15,626
10,125
25,751

8,000
8,002

20,6o6
20,000

10,000
10,080

,

387,587
109,066
449,926
105,801
900,723

489,507|

80

'

1,602,502
1,139,799

52,986
19,199
59,300
11,873
36,670
1,176
1,098,093

22

58,-

'

393,819
308,276
802,766
222,125

143,711
41,107
10,408
47,3"1
128,277
29,405

108,0'jO

2,070
1,051,570

104,215
5.000
169,215

759,041
254,920
271,508

2,001,197

42,987
214,411

15,0 -.243.

82;

78,366
189,471
103,891 5,593,376
5,357,167 24.578.101
120,854
69,093
1 ,4,891
60,558
195,8.13
145,315

207,620
35,800
6,900
81,350
70,770
1,011,130
40,210
4, 18o
131,510
loo
53,9oO

1

4,070,512

183,0;,6

14,2,)9

L49.650
2,053,160

88, (05

1,113.250
1,391,030'

145,934

189,010
423,160
22,221
45.732

201.SSII

214,29y
I., 550

-o

20(
44::

530,373
1,005,190
10,120,160
4oo,63o
34,268
310,378
171,020
452,805
30,300
121,817
522.7"!
103,448
33,258
20,000
144,140

6,622

867,248
3,2al,686
3-0,429
47 3,600
640,450
322.222

19,71

704,229
104,401
172,468
76,1 ,0

783,010
3-4,147
340,257
51,927
314,411
176,505
303,336

:

.

23. .,122

150,73.
147,687

j

51 l,o 9.
86,901

,

-

835,263
90,12s

64,508
92,105
132,237
98,2 69
95,03374,792
4,523,053

7,7-

4
;--!

1,201,8:,',

7

s. 24
1,076,767
4SO.K48
5

335,262
101,825

88,170
123,8,0
122,050
3, 1 00
225,000
3003-70
45,000
99,500
318,490
23,100
456,060
439,000
50.220

2,042,092
214,35'
3 15,710
227,161
10,070,117

929,944
30,571
960,515

2,059

,

102,219

35 ,,., io
95,900

9,777,670
43,800,620

325,807
401,737
832,550
80,060
909,775
1,277,572
342,420
145,503
965,937
228,104
1,161,279

21,81'

1,453,736
31

._

3, ,3,

3>i,430

2,741,694
895,815
2,51 9,020
2,423,040
4,184,975
7,091,303
393,707
255,040
l,03S,O27

19,854,767
88,605,922
5,349.593
3,302,253
4,815,501
1,239,232
2,858,481
122,550
143,6i7,610

;,079

1,404

320,997

882,120
2,433,140
1,164,050
461, 3s0
918,980
1,686,800
l,3u3,840
19,212,510
417,890
101,990
611,520
840,000
301,500
718,000
354,150
46o,59o
170,650
115,000
16,000
144,100
1,517,310

2,22 1,00s

24,901, 183

219,362

'.in

3,949,855
7 90,007

27,120,930
8.123.302
7,333,193

09

i7.

345,883

791,230
1,075,540
415,000
14,000
730,210
147,940
242,810
252,000
461,440
5,7 33,950

207,915
211,385
174,320
217,3,2
791,237
842,7 98
737,374
8,818,733

6,2i (9,305

.249
,.00

6o7,119
14,. 50

70

,372
5.29...802

3,785
18,2 70

197
8,089

105

75,298,344 3,929,537,794 187,135,053 193,003,0901 19,861,017, 79,574,7 il 169,629,979
!

ca
*3

OS

c

TOTALS
Fob Reserve

$

S Bonds

11

Stocks, etc

15

li

i

:

Silver

Lesal tenders..
Other resources
Totals
|

f

Capital

« Surplus
'«g Undivid profits

3

50

14

K

[

Totals

1

2

1

10S

4

21

5

63

1

11

287 1,530
28
14
8

*H

~T67
79

1

1
i

1

5. 25

7

3
2

.,

2

:;.,;;

23..,

1

1

1

2
1

4

8

1

1

13

13

1

2

1

3

287 1,530

3.7

25 353 235

3

1

*
10 is

1

3

1

1

3

7

1

,

1

1

1

3

3

1

1

3

2

1
1

••

1

1

1

1

1

1

1

1

1

1
1

94

12

3.

T

3

3

..

4

2

1

5

3

25 2
42 20
2

39 15

4

38

1

i

1

4

20

8

1

2

1

2

1

7 11

15

30 31

94 39 3 39 15 30 38

12

3

3

86

72,

fs

*
1

I

1

1

1

1

2

2

2

2

1

2

1

•1

1

1

3

2

1

1

360 32

24
13

1

1

5

1

17 3.

5

4

1

1

1

1

2

1

1

•

1

I

7

V

1

I

s

-

ft

s
?

*5°

<

Si

8

99
14

40

s

4
9

1

1

36
4

19

12
6

2
2

7

1

1

1

^

2

7

3

1

3 1

1

1 ..

i

1

1

39

2 10
2 4

1

3 2

1

9 1 2

..

1

-*

1 --

<

-_"

1

,

1

4 13 170 10 7 9 13 4 5
19 142 16 29 19 18 2 3 2
2
1 2
1

24 13 36u 32

17

35 39

7 1"

3

Jl
6
12

1

2

74
67

40
31

1

--

1

1

1

T

3

8

4

in

::

1

1

1

1
1

7

I

..

1

1

1

1

19 7,

n

11

5

3

1

6

1

t

1

1
2

1

..

5-1 li
1

1

220
340
66
529

*

$

201
11

304
66

344
330

570
670
150

84

478 1,007
7
268
29
18
70 380
99
33
63
170
30
55

117
25
4,038 3,290 7,32S

327

465

222
92
161

191
109
281

.

792
413
201
445

.

3 i
165 1,547
4 14 2 1,382
4 18 3 3 11 32 25 32 6 1,813 2,04 6 3,859
2

1

4

1

3

,

•1

5 15
5

1

80 13

..

3 1
1

5 5 14

1

I

4 12 10 16 2
2 1 1 ..

1
1

i

1

i

1
..

SO 13 8 38

16

1 187

1

States

2,093 1,837 3,930

16

5
4
2 12

United

icr

g
$

*

8

9

Total

Total

7-

4 187

1

1

v.

1

2
13

2

B

i

•f

4

S; •»

1

2"
10
18

1

4

1

1

,

;;

94 "5

l

1

1

4-

4

1

10

1

~3
2

3

1

86 76
1

2

1

1

1

~3

1

1

1

2

R

si

1

•

2

S

—

Si

-J

Cities

<

03
•p.

•

1

7

SS

CO

a,

f $
12 18 205 1- 28 18 21
•>
>
3 2 2
5
1
11
4 <> 3 16 2 3 3
1 1
1
1" 13 4 10 61 6 7
1

44 40
8 5

1

2

28

19

8

3

-2
2
2

10

•

550 21 5 133 50
687 12 15 154 104

ip

r,

9

2
9
4

22
27

51

1

18

1

41

47

1

^ O

5
$

*
129
10
"2
12
30

3v

C
e
s

s

,0

S

*
?71 14 12 176
71
1
1
10
156 ;> 4 35
25
4
62 1-1 3 75
182 IS

15

8
Circulation
84
|2 Due to banks..
141
Due
depositors.
a
"5 Other liabilities
4
55

X § §

%
$

,

e

co

167

g Real estate, <fccc Due from banks
b Cleari'g H exch
e Nat bank notes
Mold

r-3

§

-O

3

In Millions

U

ci

•<

(g

s

Cities, Etc.

1

**1

a

s 3- K. "7 19

"

•

..'SO

.,9 (2

2.29.1,9 13

1

21

(

200,290
31

18'
149,1,

4,121,686
36
1,33.. .30
26,904
2, -3,390
6,7i 7,500
3, 2.1,301
4,33

.

22,,

337,130
89,778
95.000
684,092

14,101,244
11,967,298
29,502,655
4,970,100
20,215,656
38,315,904

219,352

17,712

36,32u
167,310
35,000

.,

1.:

3,282,9

108,15.
2,195

342,170
275,210

i

3,200
159,145

39s,920,.,9o

62,000

100,000
74,997
4,819,508

237,1

6,798, ,48

1,661,077

223,843
280,051
920,729
170,962
97,900
212,905

67 1,3]

368,192
136,120

"2

11:

1,4;

780,159

1,73,,/.
1

495

94,154,752 126,023,520

5,8so,7i0
9,867,283
30,924,535
17,940,402
37,091.388

1,012,044

42"
1,46
071.

5A350

43,847,308
24,138,009
16,153,210
11,453,482
23,956,613
2,097,885
12,537,858
20,310,4010,120,022
10,129,044
21,600,782
84,04,,787
9,408,416

5

00

-

4

2 (7,020

8 1,031

1,7,

-2,9_
125,'

3,720,691
120, 193

1,1

•

50

6,6.-3,471

.

73
1,011,010
2,76
9,170
5, l.'o, 100
3 .100

1,635,]
129,70.', ,.;

.'

897,427

2,595,24

26
:;

.'

079,006

3,7

!

4, 821, -.05

4,00

1,0

!

I

83
72

1,2

2/,:

2

228,727,161

650,070
139,6/3
442,003
205,220
179,959

132,300,848
34,910,813
30,3,8,520
13,939,172
71,239,092
17,578,683
132,901,253
140,749,604
60,719,11s
15,021,957
56,287,730
28,604,063
40,312,626
17,542,440
18,167,726
61,737,864
1,652,261
3,109,613
1,733,491
20,278,335
30,100,687
5,660,037
65,806,682
1,002,722,621

6,66s 791,567,231 413,436,140 3,783,658,494

1

3.4,20.,

35,289,886
10,079,990
10,123,292
29,887,736
25,140,270
31,340,556
7,018,148
4,106,390
6,012,425
1,283,379
4,550,391
211,064
166,009,538

1,434,792
509,188
650,000
2,011,844
1,419,500
6,193,290
343,678
142,000
335,000
43,000

.5,11"

!

150,057,57.:
771,11

2,298,100
583,076
527,624

12

4

80,452,9^9
8,509,229
4,871,041
8,090,430
9,632,190
27,878,378
13,185,413
35.290,823
372,383,409

7,0,4,45:.

535, 000
100. 000

2

Island Possessions...

1,076,201

418,

o

'

9..

i;;

I

4,075,000

1,384,474

830,000
1,100,000
407,000
705,000
50,000
33,304,900

228

Pacific States

1,05..,

$ 440,510

:;,

17,415,787
27,114,770 1,668,524,4-1

.

13,715,3o9
21,047,749
9, i81.807
9.689,457

2,6!

,,0

55,1

5
392,',0.,

1

,

225,000
1,154, ,61

1,245,101

1

;,..l.

2,321,25,

4,030,000
1,885,000
1,050,000
6,162,800
4,800,000
11,040,000

3

California

77.

3,345,000
2,735,080
7,350,500
000,000
3,2 50,000
9,297,500
750,000
500,000
2,895,000
1,085,000
3,673,500
3,000,000
1,341,800
3,705,000
5,381,280
48,915,600

2

Wichita

,

41,085,498
23,949,810
13,180,544
9,637,58o
21,626,54

4,178,137
2,-32,718
1,453,200

30,646,900
10,850,000
9,400,000
2,850,000
15,124,750
4,500,000
24,13o,300
24,350,000
8,600,000
4,100,000
8,960,000
4,550,000
9,600,000
4,450,000
4,200,000
15,780,000
300,000
800,000
000,000
4,732,500
2,700,000
550,000
15,000,000
207,280,450

164

Kansas
Kansas City

1, '40

103,1

4,48.1.051

2,973,000
5,613,500
750,000
2,712,170
5,892,575
3,020,000
1,830,000
2,000,000
27,054,096
1,560,000
1,600,000
1,460,000
2,595,000
9,934,400
4,945,000
7,875,000
101,660,715

6

1,598

7,09:;.:, 15

91

LI

$13
1

.

/.

1

2

92

652,130
2,700 503
1,707,782
1,203,000

282,39 ,l,i

•!

14.1

1,1. '7,58/
252,000
150,001
2,92. .,"0(
4,201
4,275,000
28',oo2,s3i 224,230,477 1,622,953,001

23
UO

7

5,0
101, 177,909
l

let

166,535,196

..!.;

18
201,

917,326

4,iHS,97-l

Kort Worth

12,86
'

12,1

22, /89,67

8,203,500
6,543, 600

Dallas

0,4.1

41,4,4.120

2

Texas

59,321

;

29

New Orleans

187,557,533

0,401,800

49

2

371,o55,066

17,410,087
79,025,001

152,

1

1,808,650
li-

'i

Tender

12.437,943

1

2,792,251

7.-

Savannah

"i

11

47,1 11,2 91

27,995,000
1,374,300

12, 0'.!(i,7nii

84

Virginia
West Virginia
North Carolina

1,47.,

7u
5,0,S,01o

13,397.1. .
42,5 15, 'J 126,730,001

ll.o

,711

••

37,5i

2,100,000

1 4,210,000
55,306, 1-7

L37

Jersey
Pennsj h ania

"

1

1,378,001

1,1 -.2,000

1

1

3,25
8,708,151

i

323

"',171

1

14, 167,501

26

ui

District of

1,491,56
14,527,701

1

27

11,'.'

It

Ler/al

fjilvt r

Stiver

$1,11

I

1,664,7

.-'<"
35,5
27,700,001

ts

$3
800,37 *

$3,0

5,330,000
6,180,000

tnd

1

plO.047,871

84

Gold

i

Hcates

Ox erdi

Other

Maine
New Hampshire

gold and
Gold

Burp

1905.

2!)

3

41 51

1
11

71
41
SO
4,038 3,290 7,328
9

...

..

Aug.

.

5

1

THE CHROXICLK

5 19U6.]

Juucstmmt and

553

'jKailroacl intelligence.

RAILKOAD GROSS EARNINGS.
ss earnings of every Steam railroad from whioh regular weekly or monthly returns
The following table shows the
can be obtained. The first two colamns of figures give the gross earnings for the latest week or month, and the laal
supplementary
columns the earnings for the period from July I to and including such latest week or month. We
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers somo ol
i

-

The returns

period.

railways are bro

ol tlie street

rnings

ROADS

WeeK

lulj

r

separately on a subsequent page.
Caust Qtom Earning*

i

ROADS

Ciirrr-ut

II

wk

July

63,607

Istwkjulj
>, O X NO
.v Vlcksb'ii IstwkJulj
sb 8b & P. 1st wk July
Allegheny Valley May

43,000
20.000
20,000

July

32,008
5.880.602
290.186
81,546
2,032.717
16,441

Ala Gt Southern

A

Ala N

3,1

.1-1

3dWB

Aun Arl'or
AtchTop A S

&

i

l

182,361

I

15.

Mob lack

L'exa* Pacl
I

AtlHiita

*
55,

I

Fe. lone
har.. M.iv
Bir.. May

Atlantic A
Ail coast Une...
Bait a Ann S I-..
Fait A Ohio
Bangor & Aroosi
Bellefonte Cent'l
Bndm * Baoo K.
Bull Koch A ltBuriaio ASnaq...
Cal North w'n
Canadian North.
Canadian Pacini

Juno

May
i

une

:

5,768.10;

June
uiue
April
4 hwkju'y

May

In

.

A ...

191,916
5.634
2,933
248.1S0
101.

u-

June
1 19.516
IthwkJu'y
126,700
4ihw«Ju'y 1.506.000

210,800
Ceut'l of (;por»(lH o.iwk July
2,113,292
Cent'l of N Jersey >iay
July
Sdwk
2,67
Chat ran South'n.
i

Chesap A

37,000
18.000

43,000
20 000

18,000

20,0

10

61,154
102.779
33.532
5,117,467 68,3' 5.835
•274. 176 3,388,31 5
919,381
54.710
1,764,190 22,209.901
1 5,20 1
150.438
5,381,89 67,689,997
156,365 2,159,06
56.94 1
4,653
37,958
2.8
20'.".
L8
749,929
B4.332 1.028,880
138,130 1,541.199
395.100
108,300
1,368.000 4,548,000
606,550
174.800
1,924,915 20.6 73.5.: 6
2,965
0.S/4
1,737.716 20,724.370
956.16 11,797,312
613.492
180,945
ioo.Os
330,864
•

107.682
68,171.1

19

3,251,026
619.2
I

i

20,5 1.074
152.494
1

65,071,0-0
2,015, 55
66,401
37,291
6 19. 105
B81.737
1,470.969

1

1

l

303.900
4.316,000
513,700
19,795,6-0
7,618
19,297.52 1
11,425.852
524.4 3

Olilo... Juno...... L 846,555
916,328
Chic A- Alton Rv. Jnn". ...
215,482
Chic Qt Western kthwkJu'y
306.099
109,
Chic lud A l.'v... 3dwk July
3.900,554 3,531, 135 45,643, 189 II. 164,135
Chlo Mllw A Bt E May
June
5,044,816 4.380,558 55,745,2 3 53,334 .'.;>:;
Chic A North
989,946 851.691 11.925,996 11,438.287
&0. June
Chic St
30.309
92.879
88,618
30.652
Chic Term Tr RK 3dwK July
372,0-5
374.1 12
130,036 131,332
Pac. 3dwk July
CinN
22.372,311
June
21,069.953
1,928,578 2,038,743
CI Cin Chi Bt L.
JIG. 7'.)-284.574 2,834,425 3,06'.l, 693
Peoria* East's June
UhwkJu'y
161.31 -J
116,650
551,583
483,380
South
Colorado A
210.303
216,872
18.485
14.266
Col Newb & Laa. May
562,729
466.453
53,079
1,979
Copper Range.... Mav
May
6,612
68,422
89,803
21.083
Cornwall
256,099
222,827
21,121
33.359
Cornwall ALeb.. May
Denv.&RioGr... nhwkju'y 473.800 418,500 1,469,400 1,237,900
990,552
981.313
86.960
86,305
Det <fc Mackinac. June. ...
29,336 1.335,309 1,392,947
38.520
DeQoit Tol. A Ir. 4tuwkMay
172,911
56.381
159,065
00.06-:
DulSobh AAtl.. 3dwk July
iMay
4.135.103 3,869.030 41.396.86J 41,108,528
Erie
'June
36,381
36,019
2,035
3.027
F'rchlld&N'r'e'n
81.257
76,736
8.206
9.298
Fanny & Powhat May
iMay
647,850
50,691
611,438
55.325
Gl.
Fon JohnstA
205,075 152,506 2,312,340 2,321,575
FtW ADenvCitj May
[June.
191.681
158.627 2,481,205 2,418,282
Georgia RR
144.5U 134, 148 1.714,70- 1,693.541
Ga South A Fla.. •June
Gr Trunk System Hawk July 633,860 671.816 2,081,658 2,066,339
2i,9.550
256.762
83,022
77,480
GrTr. West'n Jdwk July
96,44^
95,601
30,931
33.019
DetGrUAM.. i3dwk July
Great Northern.. June....... 3,560,9^5 2.933,517 41,608.431 38,643,428
Montana Cent'l June ...... 191 227 186,826 2,385,603 2.318,769
3,75'2,'l60 3,120,343 43,994.034 40.962.197
Total system. June
122,043
39,149
34.207
101,052
GutfAShipIsland 3dwk July
June
Hocking Valley..
527.67
431,85- 6,013,213 5,725,481
Illinois Central.. June
1,110,69414,024,226 49,508,649 46,831.136
254.066
Illinois Southern j une
26,132
25,161
278,919
'June
1,793,65'
1,615,814
Ind 111 A Iowa
455,300
406,060
169,100 150.060
Int A GtNorth'n thwkJu'y
315.953
113,020 105,837
332,506
Jlnteroo(Mex)... 3dwk July
AthwkJu'y
05,9-0
193,386
Iowa Central
21 3,03
58,900
Kanawha A Mid 'June
150,875 139,39. 1,764.17
1,657,665
Kan City South'n 'June
530,340 404,874 6,627,752 6,450.320
4,923,617 5.096.211
LakeEne&Westn [June
May
Lehigh Val RR.
2,781,731 2,514,006 28,238.375 27,086,112
Lexing A East'n June
469.46 s
44.315
43.317
603.970
Ir-C
Long Island ... June
Inc.
13.750
650,051
704,672
Louisiana A Ark. June.
844.535
79,001
60.795
Louis v A Nash v. :idwk Jul)
757.850 k 078.835 2.225.660 1.95-.1-0
132.428
Macon & Binn... June
8,929
132,075
8.753
376,289
Mania A No Kas ,a -v
39,959
396,188
35,59
;
June
.Manistlque
76,289
14.112
8,11
39.04 5
306, 7: '5
Maryl'd A Penn.. June
26.0-sS
23,376
323,569
{Mexican Cent'l.. May
2,433,651 2.336,071 23,851,888 23.898,531
{Mexican litem. June
525,322 572,45c 6,572,071 6,932,-77
V*n
{Mexican Ry
J'ly 15
234,700
247,300
114.000 104,400
{MexicaiiSouth'L 2dwk Jul)
40,960
46,791
17,223
21,973
leu a So'w'n.. March....
7,402
5,819
Mineral Range.. 3rtwk Jul)
35, 1011
12,452
4T.274
16,024
Mlnneap A Btl •it.IWi lu'>
246,815
291,236
81.265
98,194
Bt P <t S St M. 3 nvlt July
415,086
501,299
169,852 140,069
Mo Kan & 'lexa- 3dwK Juiy :;7o,757 307.-75 1,009.151
888,379
Mo Pac A Iron .M> 4 uwkJu'y 1,180.000 1,235,00 3,360.000 3,22;;.""!'
Centra! Brand IthwK.i u')
123. ooo
164.000
61,000
54,000
Total
tthwkj ay 1,241,000 1.289,000 3,52 1,000 3,340,000

PM
OAT

W

St

fcChlO

37,000
18.000
18,000

,

1

'

1

M

Mobile

K C WkJuly
Dlv

Ohio

.v

A

Nash Cb

3dwk

.

Nat Oal-Oregon
Nevada Central.
N V 04 Mud Km
S V out A Weal
N

^

>il.-ci A:

\\

>.i

wU

21. Ol
3,6 16

Jane

7,053,861

1

Hay

cs

669.634
245.663

•lay

2,168,8

933,702

523.5H,
11167 759

•lay

d't'iiu— EastPAl Mine

Inc. 7
West P A E... June
237.091
Pere Marquette. 2d wk Mar
1,265,917
PhilaBalt&W'sh luuo
I'lii'.a & Erie
732,709
May
2,241.342
Pittsb CO A St 1. iune
(i

Raleieh

&

4,809
3,550,477
3,642,048
7.192,525

Feai April

Reading Railway May
viay
Coal A IrCo
Total Both Cos May

Kich l-Vksb A P
Rio Grande Jet..
Kio Grande So...
.

Rocklsl'd Sys..
ttutland

RR

AGrI

St Jos
St L A San Fran g
St L Southwest ..
Seaboard Air L..

&

AN W

July

3,498,374

June
Juue

126;559

May

3,022, LS.

..

May

1,221,59

AW

Un Pac System

AGGREGATES OK

June

.

...

Missouri Pacific
Central Branch

TotaL
'.National

RR of

Mexico

New York Central

4th

e West of

P&E

&

Phila Baltimore
Wash
Philadelphia & Erie
Pills Cin Chic
St Louis
Kio Grande Junction
i-xas

<fe

3d week May
4th week May
reek June
2<i
week June
3d week Jun«.
4th week June
1-t

1

>9,903

i-

12 ru

7. 6>. 7, -in

7.164.329
7,177,961
10 351,080
01.591

i

i

1 1

16 n> KlSJ
i'j

(4
1

roads).

1

12,098. 198

f

7,601.132
7,936.328

roads)

7,91 1.463

13 ro

*t-<k July

2d week July
3d week July

7.591.421

7.375,91
1

1

i

12,4 16

1,872

.

Jan.
Mar.
Dec.
Jan.
Jan.
Ian.

Jan.
Jan.
Jan.
Jan.
Jan.

Mar.
Jan.

Tan.

Jan.
Jan.
Dec.
Jan.
Jan.

&

Pad tic

*l

MONTHLY SUM MARIES

I

I

I

i

I

to
to
to
1(1

to
to
to
to
to
TO
to
to

to
to

to
to
to
to
to
to
to
to
to
to

379,556
604,537
2,082,164
3,312.635
4.311,158
345,082
153.698
5.921,096
162,270
7.868,335

423,324
154.807
6.085,119

173.484
8,670.24

Previous

Current
Year

Period

Jan.
Jan.
Jan.

&E

i

May
May
May

Int. $32 ),185
$944,116 $876,622
342,837
500,030
29,455
29,430
10.231.023 9,999,821
1,306,904 1,523,677
3,273,677 2,311,497
3,537,900 3.586,080
2,277.854 2,325,228
186,174
197.537
35.962
41.595
100,062
111,090
3,2 12.481 3,561,604
3.367,500 3,350,600
050,976
664,918
22,447,616 J2,778,911
926,250
929,973

June
June
June
July
July

June

May
June
June
June
July
July
July
July
July
July

23,377,589 23,705.161
6,749,792 6,520,351
39,189,563 36.472,803
1,996,094 1,^78.494
62,384,676 56,695,676
Inc. 3.2 81,200
7,069,911 6,572,711
2,893.289 2,756.297
12.538,925 11.618,100
_i,2,610
260,034
6.434.600 6.19'.
1.832.352 1.775..;

June
June
June
June
June

to

May

to
to

June

to

July-

til

June

Year

May

.

outlily.

Current YearJ'reviousy'ar

Inc. or Dec.

9

10,152,570
7.396,318

42

Inc. or Dec.

9

week Apr. f40ro
reek May
reek May

Current Year PrevioUSTwr

i: 0.

564,347

Ian.

Northern Central
Pennay., East of P

-

1

4.364,458

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

;

I

3.549.53ft

VARIOUS FISCAL YEARS

;Mexican Railway
M cxican Southern

21.212
:

312.86!^

1

V. June.......

;

<

•

1

.

I

93.481
13, 160

247.418
399.511

7,501

iads).

7, -61. 015

7.1'.

8,248,621

7,454

iri.>

"

7.171.19..
10.612,241
7,06

road-j.

8-21

!70

11,044
310.1 19

7-

i.o

;:•

July 19(11 (125 rds.) 132,212, 621 139,712,59:'
Aug. 1904 (122 rdH.)
15,292, 193
1,558. 17:.
Sept 1904 (12 nl.-.i 15l.4 75.o-Jl 17.33
Oct. 19(11 (12 rds.) 159,732,959 154,758,62^
Nov. l'.KII (1-1 rdn. 154,304.1 17 10,909,4 '
Dec. 1904 (123 rds. L 46.748,102 136,8
Jan. 1905 il 16 rds.) L27.073.053
19,220,07 Feb.
(1 17 rds.) 113.71 I.
117.25
Mar. IU05 il 18 rd.-. 14:!, 622. -5 7 130 B79.54<

Mouth Apr.
I

-t

Month
Month
Month
Month
Month
Month
Month
Month
Month

7

1

10 65

owns

i

2S.111

i:;o. ir.

406,62
124,19
11.922
518,445
10.90*
564,771

12.531

.

i

eai

354.151

594,899

Peoria A Eastern
International & Gt North'n
Interooeanic of Mexico
Lake Erie & Western
Manistee & North Eastern..
Manistique
Maryland & Pennsylvania..
Mexican International .. ..

i

417.624
140. 56

May
May

Atlantic A; Birmingham
Belief onte Central
Ul C. C. A St. Louis

Currenl

417,308
676,495
2,00l,0r0

14,908

Allegheny Valley
Atlanta & Charl Air Line

/

330,098
43,117
47,131
686,937

Wm'sport&N.Br. Hay

& Miss.

lo

i3,498
419,341
865,4 19 lo.i 13,055 10.200.022
215.537
639,4 7
620.88 1
'221,1-1
194,015
19.964
35.1.5
29,268
1.751
1.37 31,289.969 78,682,222
6,416.725 6,(110,110
570.19
2 10, 671 2. -5.707 2.398,279
1,975,911 14.089.258 J2.MiO.991
89 1,90 10,405,:' - 10,1 18,648
1,07 1,651 51,704.056 17,488,933
1- 2,765
Itfl
18,405
522.226 5,580,120 5,310.991
9,777,559 123834194 19166794
/«<. 3.91 2,100
75.50O
216,491 8,959,681 7,^20,042
1 1,100.74.) 13.598.549
1,206,
052,481 7,100,!'.;5 6,929,481
2.020,949 25,029.370 24,337,136
41.073
4,336
42,328
2,950,970 34,001,157 31,900,074
32,225.017
33,363,715
3,347,691
6,304 661 67,367.872 64,125.091
1,-7.55" 1,426.419 1,364,309
023,7;.
539,293
46,346
29.205
26.985
9,4 10
3.025,225 40.289,096 11,575,374
2,491.686 2,414.451
.'_".»9,031
1,314.220
95.201
2,042.320 35.319,4 -o 32.e74.767
670.181
641,981
2 13.803
1,056,860 12,439,403 11,720,213
103,305 l,380,32 r 1,290,045
3,876,218 95,515,170 J2.933.228
861.442 2,667,88: 2,512,160
24.468
9.00Z
41,037
759.240
802,391
273. 888

343,679
51,196
66,460
708,862

W Jersey A Sea'e June.
Wheel A LE
IthwkJu'y
Yazoo

1

149,9S:»
159,270
lo.ooi
346.031 3,766,649 3,598,683
66,401
67,012
23,949
307.822
260,771
104,011
82,940
54,241t
663,038
657,957
58,577
5,219,759 4.617,363 59,324.947 55,279,230

Wabash
IthwkJu'y
West n Maryland May

Wisconsin Cent..
Wrightsv A T'n..

>

317.6S9
22,759

Vandalia RR.—
Bt. Louis Div. January...
Terre H. A Peo January...
Virginia & So Wn June

KAKMNGS-Weckly and

<;R<>ns

179,930

4thwkJu'y

Tol
Ohio Cent June
Tol
West .... 3dwk July
Tol St L
4thwkJu'y
Tor Ham A; Bull June

PA

200,710
54,457
10,236

106,747,855,289
3dwk Jul) 920,858
16,053
3dwk July
4thwkJu'y 289,470
9,000
June

. .

TexS V

May
May
3dwk
May

June
June

Southern Ind
So Pacitlo Co b...
Southern Railw'y
Texas Centra!
Texas A Pacific.

I

LLKLY SUMMARIES

1-

1,451,073
16.981

May

West..

Went Jersey & Seashore

\\

1.290

lane
June

Coast Co

Pacific

1

830,610
217,842

,Iul\

Norfolk A West'i June
Northern Centra June
Ni.rlh'n Paoltlo.
luuo

OhioRivA

1

I

10.34s

14,619

15

July

(une

si I,..

KB of Mex

;.Sa('l

Previous
Veaf

Currgnt
Year

,;.,

or Vonth

I'.ir

I II

1

i

1

i

1

f

1,136,

1

:

i

'

97- 5-35
020 0-51
2-81
3-21
64 9-51
4 62 7-2U
»80 6-58
.ul
i

I

i

>

1

.,1

l

i

190.5

.

1

I

Month May 1905 (118
Mouth Juue 1905
58
(

127.23
129,712.73!
I 1,1'
61,46
5 1,i:;9,im»5

5 rds.) 136,59
rds.)
rds.)

I

11-09

1-3,177,

Inolades
I Mexican
'/
currency,
6 Includes the Ilous. A Ter. Cent, an I its I ibaid, UOM in both ye^n.
e Uovers tines directly operated.
the Chicago A Eastern Illinois In both years.
k Atlanta Kuoxvllle A Nortnern Inoluded In both years since April 1; It had previously oeen
Included In 1905 since Jan. 1.

THE CHRONICLE.

554
Latest Gross Earnings by Weeks.

[Vol. Lixii

— For

the third week
and shows 10.65
the aggregate over the same week last

Gross t am' os

Current
Year.
$

of July our final statement covers 41 roads,

per cent increase in

Roads.

System—Con.
& Oliio.a-.June

So. Ry.

year.

Mobile
July

3d week

of July.

1905.

1904.

$

Previously reported (30 rds)
Ala Great Southern.
Cin New Orleans & Tex Pac
Gulf & Ship Island
Mobile Jack & Kan City
Texas Central

Total (41 roads)

7,986,893
03,007
130,030
39,149
a; 13, 083
10,053

7,216,122
55,443
131,332
34,207
X8.416
9,002

8,248,021

7,454,582

Net increase (10.65 p. c.)..

Increase.

$
773,576
8,164

Decrease.

3,005
1,296

4,882
4,667
7,051

798,340
794,039

4,301

x Week ending July 23.

—

Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
The
this kind will be found in the issue of July 22 1905.
next will appear in the issue of Aug. 19 1905.
-Net EarningsCurrent
Previous
Year.
Year.
$
$
$
5,117,467 xl, 692,810 xl, 509, 515
68,171,199x22,858,453x25,949,167
607,405
1,764,190
719,728
20,544,974 8,033,134 7,717,881
156,365
55,988
69,682
2,015,355
782,358
756,414

-Gross Earn'gsPrevious
Current
Year.
Year.

Roads.

$

Atch Top & Santa FebJune 5,880,602
July 1 to June 30... 08,375,835
Atlantic Coast Line a. June 2,032,717
July 1 to June 30. -.22, 202,901
Bangor & Aroost'k.b.June
191,916
July 1 to June 30. . 2,159,069
Bos Rev Bch & Lynn .6
April 1 to June 30 ..
109,120
Jan 1 to June 30
278,053
July 1 to June 30
030,201
Buff Roch & Pitts, b. June
730,034
July 1 to June 30.
8,101,076
Canadian Northern. .June
388,900
July 1 to June 30... 3,871,800
Canadian Pacific. a. .June 4,430,026
July 1 to June 30.. .50,481,880
Ches & Ohio..b
June 1,846,555
July 1 to June 30.. -20,724,370
Chic & Alton .a. June
916,328
July 1 to June 30. ..11, 797, 3 12
June 1,928,578
C C C & St L..b
Jan 1 to June 30. ..10, 231, 023
Peoria & Eastern. b. June
216,798
Jan 1 to June 30. .. 1,306,904
Detroit & Mack.a..-June
86,365
July 1 to June 30...
990,552
Dul So Sh & Atl.b..June
255,036
July 1 to June 30... 2,706,935
Gulf & Ship Island. a.June
160,500
•July 1 to June 30.. _ 1,877,397
Illinois Central.a
June 4,110,094
July 1 to June 30.. .49, 508, 649
Kan City South. a... June 536,340
July 1 to June 30... 6,627,752
Lexington & East. b_ June
44,315
July 1 to June 30...
469,468
Long Island, b
June
Inc.
Jan 1 to June 30
Inc.
Louisiana & Ark. a.. June
79,001
July 1 to June 30...
844,535
^Mexican Internat
June
525,322
Jan 1 to June 30... 3,242,481
Mineral Range, b
June
56,257
July 1 to June 30...
683,298
M St P & S S M.b-.June 790,849
July 1 to June 30... 8,716,622
Nash Chat & St L.b .June
830,610
July 1 to June 30... 10, 113,055
t)Nat RR of Mexico. .June 1,010,715
Jan 1 to June 30.. . 6,110,345
Nevada Cent. &
June
3,640
July 1 to June 30...
35,058
N.Y.Chic. & St. Louis.—
Apr 1 to June 30... 2,147,518
Jan 1 to June 30... 4,342,909
July 1 to June 30... 8,651,045
Norfolk & Western. b. June 2,168,842
July 1 to June 30. .-24, 089,258
Northern Central. b. .June
933,702
Jan 1 to June 30.. . 4,996,094

155,527
18,992
12,095
10,315
255,933
6,893
589,742
60,055
64,518
088,830
298,325
309,367
7,529,957 3,102,265 3,121,149
297,600
89,300
134,700
3,124.800 1,260,900 1,006,800
4,410,865 1,502,933 1,449,911
46,409,132 15,475.089 14,213,105
1,737,716
713,096
607,339
19,297,524 7,473,404 6,514,334
956,168
275,039
265,028
11,425,852 3,849,649 3,561,254
2,038,743
525,709
565,071
9,999,821
2,234,320 2,226,916
284,574
50,013
08,419
1,523,077
271,682
353,245
80,900
20,710
21,887
981,313
284,979
307,778
228,275
63,325
74,705
2,524,611
854,230
775,156
146,378
50,812
34,795
1.829,814
480.154
600,579
4,024,226 1,132,275 1,224,474
46,831,136 14,396,943 12,095,454
464,874
100,105
86,090
6,450,320 1,580,462 1,750,887
43,317
13.848
19,749
603,970
151,997
171,512
Dec.
13,750
76,999
420,094
Inc.
243,896
60,795
33,870
23,242
704,672
328,118
214,400
572,458
189,356
235,193
3,561,604 1,230,868 1,506.338
55,194
9,339
11,760
589,799
160,842
75,201
651,829
376,323
317,308
6,993,499 4,214,015 3,246,719
865,419
108,700
236,937
10,206,022 2,560,405 2,624,992
936,472
341,851
303,720
5,899.467 1,988,029 1,878,553
1.829
1,751
def.618
29,268
13 ,905
3,713
2,256,198
4,337,237
8,599,598
1,975,912
22,800,991
892,902
4,878,494

376,085
790,571
1,759,104
886,334
9,474,824
194,315
651,584

510,551
925,810
1,832,197
823,601
9,127,662
290,715
940,384

Pennsylvania
Lines directly operatedEast of P & E.g.Junell.467,759 9,777,559 3,656,799 3,702,799
Jan 1 to June 30- g. 62,384,676 56,695,676 16,073,157 14,818,657
West of P & E-.June
Inc.
Dec.
775,500
94,100
Jan 1 to June 30
Inc. 3,281,200
Inc.
507,100
Phila Bait & Wash. b. June 1,265,917 1,200,417
313,035
377,435
Jan 1 to June 30. .. 7,069.911 6,572,711 1,524,760 1,472,960
Pocahontas Collieries. June
20,840
Jan 1 to June 30
111,100
Rio Gr Southern, b. .June
28,930
37,942
1,327
14,686
July 1 to June 30
466,383
401 ,506
206,933
192,010
126,559
St Jo & Gr Island. b. .June
95,201
29,088
23.045
July 1 to June 30
1,299,031
1,314,220
304,034
237,576
699,458
St Louis So West. b. .June
557,898
193,227
93,473
July 1 to June 30
8,860,230 7,649,485 2,040,859 2,227,889
Southern Pacific.a... June 7,855,289 6,876,218 2,035,657 1,520,295
July 1 tc June 30.. 95,515,170 92,933,228 29,547,595 27,400;883
B
Southern Ry System
Southern Ry. a. -June 3,829,072 3,487,550
890,293
802,373
July 1 to June 30.. .48,145,105 45,147,479 13,062,593111,997,183

het Earnings
Current
Previous
Year.
Year.
$
$

if/US

Year.
$

699,262

627,206

195,350

139.004

June 30. . 8.267,601 7,739,706 2,016,716 2,339,795
CinNO&Tcx Pac.a June 621,706
573,886
137,099
135,527
July 1 to June 30... 7,358,619 6,768,744 1,717,772 1,597,421
Ala Gt Southern.
260,886
43,404
271,938
40,769
July 1 to June 30
001,326
624,925
3,308,300 3,099,446
Ga So & Fla.a
144,512
134,148
June
39,925
22,914
July 1 to June 30... 1,714,702
1,693,541
402,317
415,077
Union Pacific. a June
5,219,759 4,017,368 2,315,356 1,860,368
July 1 to June 30. ..59,324,947 55,279,230 27,462,233 24,781,789
Western Maryland. a. May
354,1.01
312,869
1/120,728
2/123,024
July 1 to May 31... 3,549,538 3,312,685 2/1,292,760 1/1,203,613
West Jersey & Sea. b. June
417,624
406,624
114,655
117,855
Jan 1 to June 30
1,832,352 1,775,352
310,032
248,032
Yazoo & Miss Val.a.June
564,347
564,771
26,501
69,778
July 1 to June 30... 8,670,245 7,868,335 1.917,982
1,772,717
1

to

a Net earnings here given are after deducting taxes,
b Net earnings
here given are before deducting taxes, v These figures are in Mexican
currency, and are convertible into gold at the current rate of exchange,
g These figures include results on the Buffalo
sion in both years.

&

Allegheny Valley Divi-

x For June 1905 taxes and rentals amounted to $189,374 against
$134,777, after deducting which net for June 1905 was $1,503,436,
against $1,434,738.
From July 1 to June 30 1905 net after deducting
taxes and rentals is $20,638,206 this year, against $23,646,567 last year.
y For May additional income and net profits from coal, etc., were
$25,738 this year, against $40,954 last year; and from July 1 to May 31
$606,317 this year, against $604,143 last year

—

Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below these charges.

—

Roads.
Bangor & Aroostook June
July 1 to June 30...
Boston Rev Beach & L.
Apr. 1 to June 30
Jan. 1 to June 30
July 1 to June 30. ..

CCC&St

L

June
June 30
Peoria & Eastern.. June
Jan 1 to June 30
DuluthSoSh&Atl.. .June
July 1 to June 30.-.
Gulf & Ship Island. .June
July 1 to June 30...
Louisana & Ark
-June
July 1 to June 30...
Mineral Range
-June
July 1 to June 30-.NashChatt & St L.. .June
July 1 to June 30...
N. Y. Chic & St, L.—
Apr. 1 to June 30...
Jan. 1 to June 30. ..
July 1 to June 30. ..
Norfolk & Western. .June
July 1 to June 30
Pocahontas Collieries. June
Jan 1 to June 30
Rio Gr & South
I.June
1 to June 30
July
June
St Jos & Gr Isl
July 1 to June 30..
Jan

1

to

.

Int., Rentals,

Current
Year.
$
46.060
558,833

14,927
29,735
60,196
332,084
1,975,357
44,003
208,401
80.091
1,070,431
26,486

306,925
13,241
141,351
10.090
114,002
151,326
1,800,610

286,325
597,458
1.269.434
334,207
3,760,599
dl4,587
d93,772
15,033
213,095
21.350
255,886

etc.

—

Previous
Year.
$

46,431
560,070

Bal.

of

—

Net E'ngs
Previous

Current
Year.
$
23,022
223,525

Year.
$
""

9,557
196,344

X7.425
xl,576
15,668
31,568 xdefl5, 195 xdefl4,035
63,269X18.242
X17.860
298,205
X221.804
X349.052
X313.048
X474.116
1,903,013
X26.047
42,376
5,410
X4.706
X89.332
265,358
95,032 xdfl5,562 xdfl9,343
1,070,089 xdf206,552 xdf283,449
21,400
X24.479
X14.376
X179.449
243,982
X368.398
12,397
X21.287
X13.497
124,614
X206.816
X113.971
9,982
xdef545
xl.877
X54.775 xdef38,186
114,375
83,514
153,423
17,374
1,809,163
759,795
815,829
308,485
632,669
1.313.216
291,995
3,300,799

18,375
216,614
20,327
234,473

99,169
212,232
515.342
552,127
5,714,225
6,253
17,328
xdef595
X14.008
7,738
48,148

210,405
315,805
567,810
531,606
5,826,863

xdf3 ,687
xdfl8.226
2,718
3,103

x After allowing for other income received.
d Charges include sinking fund and preferred dividend.

STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
•

•

•

•

Gross
Earnings.

•

Albany & Hudson.
American R'ys Co.
Aur Elgin & Chi Ry
Binghamton Ry

Week or
Month

Current
Year.
$

June
June
June
June

.

Boston & Worcest'r April
Burlingt'n(Vt)Tr. June
Cal Gas

& Electric. May
June

Cent Penn Trac

June
&MilElec
& Oak Parkrf. June
Cin Day & Tol Tr. June

Chi
Chi

Cin Northern Trac. June
Citizens'

Clev&SWTrCo.. June
Clev Painsv & E.- June
Detroit United Ry. 3d wk July
Duluth Street Ry. 3d wk June
East Ohio Traction May
Elgin

Ft

to

1

latest

date.

29,218
139,565
57,116
26,226
32,788
8,250
447,632
54,131
53,218
00,192
43,094
44,428

Previous
Year.

Current
Year.

Previous
Year.

$
$
$
124,235
26,618
136,544
126,934 al,471,991 a 1,406, 965
181,320
237,915
44,118
24,665
123,503
113,603
26,523
7,950
37,229
35,320
329,077 2,160,535 1,531,272
246,372
48,823
264,937
211,972
163,251
40.838
406,312
384,651
61,830

Ry &L'ht

(Mucatine.Iowa) June

East St.

Jan.

•

L& Sub..

June

Aur & Sou.. June

10,527
48,558
23,941
108,109
14,418
20,097
108,240
40,333

7,868
44,132
22,304
94,585
13,475
19,753
116,108
39,944

85,499
V39.440

2/32,340

28,502
£10,993
43,030
84,614
19,031

30,178
16,440
35,137
72,614
17,556

58,124
237,375
99,416
2,647,148
349,189
77,852
638.567
214,217

47,435
204,753
94,760
2,355,237
334,402
70,496
594,216
213,838

426,156
117, 160

2/956,864

Wavne&Wab'sh
Valley Tract

ft..

Havana ElecRy Co

June

Wk July 30

77,117

Honolulu Rapid Tr

May
Co
HoughtonCo St Ry May
HoustonElecSt Ry May
May
Illinois Trac Co
Indianap&East RyMay

& Land

2/1,

370,975

•

132,273
41,325

135,337
72,975

439,074
83,156

382,000
75,675

..
..

Aug.

—— —

——

THE CHRONICLE.

5 1905.)
Kant inns.

Latest Gross

,kor
Month.

Earning*.

II

,

Current

I'ri

ear.

1

1

pious
fir.

IndJanao 4 Martmsv Rapid ["rac April
Indianap i Northwestern Traction June
Intermit True Co
System (Buffalo) April
Jac&sonv Elec Co. Mav
Kan City RyA Lt. June

9,984

417.0".)!

67,969

50.S70

.

1

"09.047
15. OHO
1

1,958,954
271,00-'

7,911

37,718
2,067
147,025

15,875
18,260
37,435
2.009
129,475

77,904
99,085
107,619
12,306
817.921

68,645
88,368
142,494
11,680
708,158

14,150

12,747

61,137

50,505

05,083

01,129

343,177

314,700

40,781

32,533

257,003

188,500

25,406
50,509
10,239
82,131
208,008
132,171
80,741
34,953
51,749
24,885
103,220
20,206
239,870
July
95,730
1747,104
555,513
20,132
43,471

24,502
45,481

222,286

204,134

June

May

Toledo & Western. May
Toronto Railway.. July
Twin City Rap Tr. 3d wk
Un'dRvsofSt L._ June
United of San Fran June
Wash Alex AM t V. June
Youngst' n-Sharon June

i

134,259
2,256,615
326,629

397.085
268,938
741,751
497,782
28,866
4S.S03
39,014

May

TolBowlGrA So Tr June
Toledo Rys & Light June

1,276,51

51,468
425.47S
802,580
808,005
507,423
35,850
51,118
43.574

L 58 .320
264 ,058
1 ,029

200

232,610

•I

13.94o
85.163
57,849
104, CIS
124,425
10,934
12.102
9.5S0

April

June

13,607
SO. 504

47,213
94,204
113,897
7.S70
11.620

17,701
19,950

70,598
197,848
108,343
72,084
32,573
40,037
23,545
148,635
18,254
211,755
86,677
927,732
518,995
18,145
37,342

l

,531 ,816

19,108

445,651
987,920
946,696
454,005
163,921
231,329

402,590
931,115
902,507
414,291
144,557
212,201

895,791
83,730
1,487,412
2,466,139
4,037,187
3,386,493
• 121,709
257,424

825,850
78,325
1.333,227
2,315,969
4,204,110
3,200,930
119,474
224,208

—

Street Railway Net Earnings.
The following table gives
the returns of STREET railway gross and net earnings received this week.

Roads.

9

9

Net Earnings
Current
Year.

Previous
Year.

9

S

34,025
55,097

28,687
45,575

Binghamton Ry b
1

Jan

1

Dunkirk

&

April

1

Jan

1

to June 30..
to June 30..

68,296
122,087

Fredonia bJune 30..
June 30..

10,923
18,866

to
to

Elmira Water Lt & RR.6
Apr 1 to June 30...
Jan 1 to June 30...
July 1 to June 30.. .
Indianap
Jan
July

Ft

&N
1

1

W Tr..June

to June 30
to June 30...

Wayne A Wabash
City

1

July

1

N Y

to
to

2,589
3,308

(Railroad Department only).
48,507
47,588
13.890
89,198
88,872
24.034
192,921
194,043
62.105

31,933
158,023
357,402

2,035
1,944

15,619
26,105
49,217

14,658
48.964
138,470

85,499
426,156

77.117
370,975

417,091

June 30... 2,256,616
June 30... 4,866,223

Ry &

Jan

9,218
10,858

Lt.a.June

32,257
158,054

24.656
117,613

348,029

104.212

1,958,954
4,226,386

SSS.tiSO

134,283
697,548
1,621,934

2,036,384

221,097
350,371
73

195,232
314.X03
652,443

Oranee Co Trac June
Jan 1 to June 30...
July 1 to June 30...

12,102
51,118
119,729

,620

4.030

48,803
113,630

12,001

1

1 1

84,400
112,451
290,515

35,387

99,674
120,049

284,388
3,043
7,339
27.110

Oswetro Traction b
12,242
20,717
49,572

12,450
20,210
47,007

15.707

13.856

Rap Tr.b..June
June 30...

80,741
894,619

72,084
839,072

34,373
379,987

30,275
349.246

Fngland b—
to June 30...
to June 30...
to June 30...

8,402
11,836
31,631

7.583
11,041
20,570

3.S.VI

3.199

4,163
10,799

7,110

1

Jan

1

July

Syracuse
July
•

Troy

1

1

A New
April

1

Jan

1

July

1

to

$

21,570

20, 500

June 30

42.50.'.

39,731

0,147
8,170

1.250
2,963

12,029
25,874
51,046

12,861
25,129

Jan

1

to

or.

i

)

—

Nel E'nqs.
Previous
Year.

113,287
X13.0I1

19,146
.(7,174

A Fredonia

Apr
to June 30...
Jan 1 to June 30
Elmira Water Lt <t
Apr
to June 30
Jan 1 to June 30
July 1 to June 30

Xl.4

11

.(5,02

,T

1

5,472
11,305

RR—

i

13,132
rl,712
X2.432

xl,312

x69

49,664

xl 1,872
j-34,563
X14.40-,

201,574

48.954
98,068
190,808

3,395
6,735
13,511
20,307
244,044

3,447
0,848
13,707
20,242
243,458

2,200
3,683
6,949

2,200
3,683
6,870

N Y & Queens Co.—
Apr

1
1

1

to
to
to

June 30
June 30. ..
June 30

51,007
101, 70S

Oswego Traction Co.
Apr 1 to June. 30
June 30
June 30
July 1
June
SyracuseRap Tr
July 1 to June 30
Troy A New EnglandApr 1 to June 30
Jan 1 to June 30
July 1 to June 30
Jan

1

to
to

X53.120
X82.263
X9B.896

X98.983
750

590

1

def2,883

X2.267
14,000
135,943

10,033
105 787

df 1 ,85

xl99

1,059

999

480

def327

3,850

246

x After allowing for other income received.

ANNUAL REPORTS.
—

Annual Reports. The following is an index to all annual
steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
reports of

Sections.

Railroads. Etc.—

Page.
505
QUI

American Glue
ulumer & Hecla Mining
Cent. Leather (statement to N. Y.
Stock Exchange)
Creamery Package Mfg. (balance
sheetNov.80)
<

Guffey Petrol (bal. »h. Jan.
Gulf Kenning (bal. sh. Jan.

1)
1)

506
508

606

1)

Pooe.
(bal.

sheet

Deo. 3i)
oceanic Steamship

506
606

Page Woven Wire Fence

505

United States Telephone. Ohio. ... 606
Uni'ed States Steel Corp. (quarter

and half-year)

...50(5
(bal.

Lyons Beet Sugar Kenning
sheet Mar.

604

Railroads, Etc.—
Nlles-Bement-Pond

594

Street Railways—

W.

India Elec. Co., Klngston.Jam. 605

Southern Railway Company.
( Report for the Fiscal Year Ending June

30 1905. J

In advance of the pamphlet report, the figures for 1904-05
have been given out by the company as below:
OPERATIONS.
190405.
7,199

1903-04.
190203.
Miles of road oper.. aver...
7,164
7.129
No. of tons carried (excluding company 'a f reight) ...
20,973,564
20.733,019
19,197,484
No of tons carried 1 mile
(excluding oo.'s freight). 3,365,362,765 3,218,263,980 2,954,717,921
Aver, receipts per ton per
mile (rev. freight only)...
0*944 ots.
0-951 ots.
0933 ots.
Frt. train earn, per train m.
$1-83
$1-77
$1-79

Aver number tons in each
train (tno. oo.'s freight)

.

.

22939

224*87

21805

194-30

189*80

188-14

Aver, number tons in each
train (ezo. oo.'s freight)..

INCOME ACCOUNT.
190304.

190405.
Gross earnings from opera'n..$i8,i4".,l08
Operating expenses & taxes.. 35,082,514

1902 0?.

$45,109,777 $12,354,060
33,115,467
30,989,140

Net earnings from operation. .$13,062,594 $11,994,310 $11,364,920
Income from other sources... 1,612,840
1,395,181
1,211,261
Total Income
$14,675,434
and rentals
)
Q ,„, gn ,
Other deauotlons from Inc.. ] »to*s,vvi

$13,389,491
$8,962,329
256,763

$12,576,181
$8,446,041
287,664

Total deductions
89,523,801
Balance over Axed charges... $5,151,6*2
Dlvs. on pref. StOOlr (5 p. o.)..
3,000,00)

$9,209,091
$1,180,400
3.000,000

$8,783,704
$3,842,477
3,000,000

Surplus over pref. dlvs
$2,151,632
'pedal appropriations for Im-

$1,180,400

$812,477

1,056, *i49

773,806

135,000

$1,035,033

$406,594

$707,177

Interest

(
•;

\

provements and betterm'ts
not to be oapltallzad

& loss.

x For reductions of grades and curvature, elimination of grate
new stations and other buildings, new bridges for use of
heavy motive power, repiaolng others not requiring renewal, and mlsoeilaueous small Improvements not producing revenue.
crus-tDgs,

Thy increased exppnsps include: Increase in m ilntenance
way, $736,024, or 12*86 p. c; increase in uuiatenaoce of
quipment, $193,210, or 2 6*1 p. o; Increase in conducting
transportation, $34-1,872, or 4*86 p. c; Jnornase in general ex-

of

to June 30...
to June 30...
to June 30...

April

—

nr.

i

)

$

Bal. to credit of profit

Queens Co b
to June 30...
Jan 1 to June 30
July 1 to June 30...
A-

April

or.

i>i

Current

Val-

ley Traction Co.June
Jan 1 to June 30

Kan

•

02,979
112,271

—Bal.

—

This index does not include reports in to-day's Chronicle.

silver.

Gross Earn'gs
Current
Previous
Year.
Year.

etc.

Binghamton Ry
to June 30
Apr

Jan
July

a Figures here are from July 1. d These are results for main line.
h These are the combined earnings of all the constituent companies.
k Decrease due to a strike and boycott, x Decrease due to the fact
that the Louisiana Purchase Exposition was open last year, y Spanish

April

i

i

,

195,511
1,170.1s?

>.>>

18,867
15,730
176,045
279,048
55.163
.'is,

Julv

July

Road*.

23,184

59,256
t ,215.158

June
June
Rvs Co Gen-Roads June
June
Lidit Co's
Rochester Railway June
Rockford Beloit &
June
Janesville
St Joseph (Mo) Rv
Lt Heat&PowCo June
San Fran Oakl'd &
June
San Jose Ry
Sao Paulo (Brazil)
Tram L & P Co. Wk July 16
Savannah Elec Co. Mav
Schuvlkill Rv Co. June
Scranton Railwav. June

RTRy..

32,759

68,249
1,287,400
1,542,457
256,822
1,285,875

45.908
11,886
29,579
15,185
14.454

13,097
;;>

iV-

Syracuse

$

178,229
67,881

June

Tampa Electric Co May
TerreHteT&LCo Mav

$

Rentals,
Pr<

int..

Current

ear.

)

204,093
72,800
159,843

April

South Side Elev.

312,708
25.009
348,029
59.590

29.433

Nor Ohio Tr&Lt Co June

Co May

ear.

—

nous

158,023

330.27'.)

LondonSt Ry(Can) May
Met West Side Elev July
MilElecRyA l.t Co June
Mil l.t 11 .V It Co. June
Montreal Street R\ June
Mtnu'ii' Hartford 4

Seattle Electric

6,676

31.933

Lehigh V Trac Co
Street Rv Dep. _ Mav
Elec Light Dep. Mav
June
Lexington K\
Lima KlKv.V l.t Co

Northern Tex Trac
Northwestern Kiev
Oakland Tt Cons.
Clean SI Railway.
Orange Co Trac
Peeks Ltg&RR Co
Pittsburgh M'Keesport
Greensb'g
Pottsv Union Trac

i'ri

Interest Charges and Surplus.

.

l>unkirk

Elec Ry.. June

Wayne

Current
1

doit

latest

1

•

Ft

to

1

)

$

S

LakeSh

Jan.

556

4

,

1

r.

1

4.037

4,881

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.

perts, $179,493, or 12 73 p

c— V.

8

1,

p. 508, 156.

Kungan City Railway & Light Company.
( Report for Fiscal Year hiding M»y SI 1905. J
President B rnard;Oorrlgan under date of June 20 1905 says:
General Rkbolts.— The gross earnings aggregate $4,440,1 14, hd

Increase over last year of 11*70 p. o., while the increase In the operating expet,s-. was under 7 p. o resulting In net earnlugn from operation and other Income of $2,230,462, or an increase of 21 p. e. over
.

THE CHRONICLE.

556

From the net earnings from operation in deducted Interest
and taxes amounting to $1,501,863, leaving a Barillas for the year of
$728,600, or an increase over tne surplus of last year of about 35 p. o.
This gratifying showing Is due to the growth of tlm city and its
suburbs, and to the improved servioe given the public by the street
railway and electrlo light oonupanles. [ The oapltal stock of these subsidiary oompanles is now all owned by the K. O. Ry. <v L'ght Co. Ed ]
The prosperity of your properties is largely dependent upon the
growth of this city and its suburbs, the population of whloh, based
upon a very conservative estimate, shows an increase of from 30,000
to 40,000 during the past year, and all indications point to a continuance of this extraordinary growth. This is further illustrated in ths
number of building permits ltsued; during the twelvemonths ending
with M»y 1904 these amounted to 4,299 in Kansas City, Mo., and
Kansas City, Kan., while duiing the twelve months ending May 1905
5,297 were issued, or an increase of 23 p. o. over the preoedlng year.
last year.

General Manager Charles N, Black says In substance:
Improvements.— During the past fiscal year all the requirements

of

!

Vol. lxxxi.

Pittsburgh Coal Company.
{Report for Half-Year Ending June SO 1905. J
President Francis L. Robbing, under date of Aug.
issued a circular sayiDg in substance:

1,

has

Dividends.— Our business suffered considerably during the earlier
months of this year on account of unprecedented competition in the
bituminous trade, in whioh your oftioers had to meet very low prices
made by competitors locally and in »dj fining tl-ids. These low prioes
resulted in decreased earnings, so tha>. your directors felt constrained
to defer payment of dividend on the preferred stook for the seoond
quarter of the year. It was hoped that reoovery was near at hand,
and that the earnings for the full half-year would meet the dividend
requirements fur that period. These expectations were not real'zed,
and, while an improvement in the situation is notloeabie, the progress
toward better prioes and more satisfactory earnings has been slower
than was anticipated. In the history of the oompany the earnings for
the necond half of the year have always considerably exceeded those
for the first half, and there Is no reason to expect that this year will
be an exception. It Is recognlzsd that an lnoreased working oapltal
Is deeirable, and your directors deemed lt therefore advisable not to
draw upon the accumulation of previous years for dividends, but
rather to devote the surplus earnings to working capital.
Payment of Bunds —On July 20, out of the sinking fund there
were purchased for (retirement 271 first mortgage bonds, which, together with 636 bonds so purchased on Jan. 20, make a total of 907

the franchises granted in the fall of 1902, pertaining to the reconstruction of cable Udss and various extensions, have been oom piled
with, with the exception of the construction of the James Street line,
running from James acd.Central streets, Kansas City, Kan , to the
Btock raids. For this line the vladaot crossing the yards of the Missouri Pacific and the Union Pacific railroads will be completed by
Deo. 1st. The lino to 8 wope Park, S 1^ miles, was opened in May.
The new central power station at Seoond St. atd Grand Ave. has
been operating in a most satisfactory manner, and contracts have first mortgage bonds now retired.
Contract.—On April 20 a contraot was male with the Unitel
been let for 5,000 K. W. additional machinery in the form of a steam
turbine, which will be in operation by Deo 1st of this year, thus afford- States Steel Corporation and its subsidiary companies covering a pering ample power to meet the anticipated demands of the oomlng win- iod of 25 years, during whioh time they agree not to open any new
mines and to discontinue the shipments from ooklng plants of coal to
ter, both in the street railway and lighting departments. The plans
be used for steam and gas purposes. This oontraot is one of great
for a oar barn and car storage yard, to be located at Forty-eighth St.
and Troost Ave., have been completed, and contracts for the work will mutual benefit; the Steel Corporation being assured of a supply of
be let at an early date. This will enable us to abandon three of the coal of such quality and by such delivery as is required for its varied
present car barns, and at the same time materially reduoe our fire Interests, ana, as the cost of mining depends largely upon the volume
and regularity of operation of the mines, in securing such a large tonrisks. The sub-station located at the southeast corner of 15th and
Walnut streets has been oompieted, and now has its full equipment of nage we reduce the oost of our entire output By reason of the fact
maohinery. At Twelfth and Cleveland a new fireproof building, 113 that the Steel Corporation is this year taking a considerable quantity
of its requirements of Pittsburgh ooal from our competitors under
ft. long by 52 feet 6 in. wide, has been oompieted as a sub-station for
both railway and lighting purposes, and its equipment is in partial contracts which had been made at the time our oontraot was dosed,
operation. During the past fiscal year the com; any has Installed ap- we have not as yet entered upon the full benefits to be derived from
proximately 64,404 duct feet of conduit, into whioh there has been the large and steady tonnage which this oontraot assures. The terms
drawn approximately 51.270 feet of iead-oovered three-conductor of this oontraot are satisfactory to your offloers, and lt was authorized
cable for transmitting the alternating current from the Missouri River by unanimous vote of your board of direotors.
power house to the various sub-s cations.
Tonnage and Earnings fob Half Yeab Ending June 30.
Brieges and Viaducts.— At the foot ofjJames St. a most substantial
combined railway and traffic bridge has been completed at an eleva- (Pittsburgh Coal Co. and all its subsidiary oompanles excepting Motion considerably above the high-water mark of June 1903.
nongahela River Consolidated Coal & Coke :o.)
Last fall the company entered into a oontraot with the Kansas Clty1905.
1904.
1905.
1904.
Leavenworth RR. Co. to bring their oars from the oity limits at 18th
Qen .Results— (6mos.)
Prod'nin Ions— (6 mot.) (6 wu>«.)
(6 mos )
St. and Central Ave., Kansas City. Kan., into the business center of
Net earns... $1,136,334 $1,6K0,327 Pittsb'gh Dh*t.6.o7f>,946 4,9 16,524
Kai/sas City, Mo. In order to carry the heavy interurban cars of the Int.onlstM.
Hooking Dint. 556.479 537,724
009,100
Not
Kansas City-Leaven wot th RR. over the elevated structure, it was Sur.fordivs
527,234 reported. Coke
168,236
86,174
necessary to practically rebuild this structure, the Leavenworth ComDetailed Statement for Half-Tear Ending June 30, 1905.
pany agreeing to bear one half the expense. This work was completed last January, and we now have what is equivalent to a new Profits incident to mining and marketing operations after
deduction of a 1 expenses
„
$1,475,733
structure, over which it is possible to operate the heaviest type of in£es«— Royalty allowance for depletion
$276,«.60
teruroan oars.
Addition to renewal fund
63,339
339,399
Cabs.— Last December the company purchased 40 of the cars used
on the Intramural Railroad in St. Louis. In addition we purchased
Net
earnings
$1,136,334
six 14-benoh open oars.
$S09,100
Track.— During the past fiscal year the company has laid 148,854 Less—Inteiest on drst mortgage bonds..
Pref.
stock
dividend
No.
21
514,915
(l^p.
c.).„.
$1,124,015
feet of single track, divided as follows: New girder rail work, 36,367
ft.; new T-rail work, 54,081 ft.; cable track replaoed by new girder rail,
Undivlded earns, for first half of year 1905
$12,319
43,135 ft.; old Trail replaoed by new Trail. 15,271 ft.
Cable Lines. -The Twelfth Street line is the only remaining oable
Quick Assets June 30 1905.
line which the company is now operating. The city has commenced
(Pittsburgh Coal Co. and all its subsidiary companies, excepting Moproceedings with a view to condemning land on Twelfth St., providnongahela River Consolidated Coal & Coke Co.)
ing for a tunnel and viaduct reaching from Broadway to the West Bot- Cash Current working balanoes
$1,277,770
toms. When this land has been acquired it is expected that the com- Cash— In sinking fund for first mortgage bonds
562,725— $1,830,495
pany will be able to enter into a mutually advantageous arrangement Aooounts acd bills receivable
7,983,899
with the city for the construction of the proposedtunrel and vladuot, Mdse. at cost (principally ooal on North Western dooks)..
4,052,449
which, when oompieted, will enable the substitution of electrioity for
cable power, thus eliminating the last oable road in the oity.
$13,866,843
'

Below are the

Less— Bond interest payable July 1
Accounts and bills payable

two years:
RESULTS FOB THE TEAB ENDBD MAT 31.
results of operations for

^Street Rv. Cos.^ r-Elec. Lt. Cos.-,
1901-05. laOK-04.
*

1904-95. 1903-04.
*

v

e

Totals.
1904-1)5. 1903-01.
«

.

©

Gross earnings
Operating expenses

3,90K,?57 8,397,430 512,377 4S0,fi22
2,020,378 1,«30.0C8 214,882 2K),lf4

4,449,131 3,8:8,357
»,235,261 z,(.90,171

Net earnings
Other income

1,866,379 1,617,428
16,589
5,689

2,213,874 1,?£8,186
16.V9
5,e89

Net quick assets
^
See V. 81, p. 512, 269.

$609,100
9,998,050

10,607,150
$3,259,692

.

Warren Brothers Co. (Bitnlithic Paying), Boston, Mass.

{Balance Sheet of Dec. 31 1904J
This company, Incorporated in West Virginia in February 1900, paid on August 1 1905 a dividend of 1 p. c. on its
Gross income
1.BC2.968 1,523,117 327,495 270,768 2.230,4f3 1,793.875
common stock to holders of record July 25. This makes 3
Deduct—
Taxes
318,010 278,685
23,700 21,8
341,700 310.535
On Dec. 31 1904
p. c, paid on the common shares this year.
Interest
1,091,211
884,450
68.9S1 08,037 1,160,1^3 952,487
the capitalization was: common stock, $2,000,000, all issued;
1,409,2111,163,135
B2.651 89,887
1.601.868 1.963.0*2
preferred stock, 6 p, c. cumulative, authorized, $600,000,
Neticcome
493.767
369,9?2 234,844 180,871
728,600 540,853
issued
|530,800; 5 p. c. 20-year debenture bonds of 1902, $500Divs. paid by Kansas City Ry. & Lt. Co. onpref. Stock
(5sO47M05(lWllB,5'4
000 authorized, outstanding $406,000. Par value of single
Bond redemption
55,000
shares of stock $50.
Surplus over dividends and bond redemptions
197.497
422,289
Early this year the unissued bonds and preferred stock
STATISTICAL STATEMENT FOB FODB YEAB8.
were issued for cash at par. In the month of May the
stockholders authoriz9d an increase of $500,000 of preferred
Street Ry. Companies—
1904-05.
1903 04.
lfiOJ-03.
1901-02.
Gross earnings
$3,906,757 $3,397,436 $3,187,701 $2,«10.631
stock
to be used in retiring bonds on tbe basis of the par
Net earnings
1,886,379
1,517,428
l.!<75.34t
1.229,811
P. c. operating expenses to gross.... 6V7i%
value of each. Since this meeting there have been delivered
56-85%
57-/4*
5b- H%
Revenue passengers
77,223,357 66,99P,H33 62,881,081 57,148,083
and canceled $464,000 of bonds, and $164,000 of preferred
Transfer passergers
32,494,088 29,242.368 X7. 1-42,47 6 27.112.016
earnings
Gross
per car mile
stcck has been issued in its stead. The outstanding capitali20'8ec.
2t)-77c.
18 6CC.
18-21C.
Net earnings per car mile
8-05 c.
10'07c.
9-28C.
769c.
zation has accordingly been changed as follows:
Miles of road
110-85
91-35
87-94
327,496 270,768

Miles of track
217*79
Ehctric Light Companies—
Gross earnings
$'42,377
Net 6b rnlngs
327,49b
Operating expenses per cent
39 62$
Connected load—
Equiv. 16-c. p. incandescent lamps..
266,145
-

9396

180-90

.192-77

$3f0.707
204,253
47-72%

1316.418
157,410
50-20%

19P.565

149,991

K0.128

BALANCE SHEET KANSAS CITT BAILWAT & LIGHT
1905.

1904.
t

Assets—
$
Stks,gold notes,&c.28,8l4,684 27,013,692

CO.

MAT

1905.
t

Liabilities—

Preferred stock

(=97,977

Common

Cent.El.Hy.Co.adv
K.C.El.Lt.Co.adv.

11,376
183,474
93,217
232,642

1,850
?1,050
18.243
183,461

1st lien bonas
7,325,000
Coll. 3-year notes. 3,000,000
Bills and accounts

283,200
977.920

820.200
1,000,120

ree'le....

xTreasury stock—
.x

payable

stock

31.

..

$

.12,5(0,000 12,600,0^0
7,125,010

Dividend

784,292
119.-26

Surplus

2rJ6,660

1,764,844
118,564
69,186

Held for acct.Met.Ry.—
2,695,000 2,696,000
1,836,50J 1,886,500

Total

*- fSg-5*
x The capital
864,400.- V. 79,

..86,444,928 34,077,598

stock in reserve
p 2697.

is:

Total

86,441,925 84,077,593

Preferred, $2,978 200, and

common,

outstanding capitalization.
Dec. 31, '04.
p. c. bonds
Pref. etook 6 p. o. cumulative

Debenture 5

Common

stock

Total

1904.

12.E00. 000 12,6m >,000

Met.8tRy.Co.adv. 1,816,916

Accounts

17 2-83

$480,921
270,758
43-6«%

$2.

May

1.

'05

Aug. J, '05.
$36,000

$406,000
f 30,800

$500,000
600,000

2,000,000

2,000.000

1,055,450
2,000,000

$2,936,800

$3,100,000

$3,091,450

The company, we learn, now has under contraot approximately 1,100,000 square yards of paving, and additional conIt is expected that about
tracts are comirg in rapidly.
2,(00,OCO square yards will be contracted for this year.
The "Boston News Bureau" of March 28 had the following:
Within the past five years there has been quietly organized in Boston the Warren Brothers Co., paving contractors, and a business of
very large proportions has been built up. The nuoleus of the organization is seven brothers, sons of the late Herbert M. Warren of Newton,
Mass., all of whom have been engaged, as their father and unoles were
before them, In the business of refining bituminous materials from
coal tar and asphalt and the laying of asphalt pavements.
From its first organization the company has regularly paid Interest
on its toads and l 1* p. o. quarterly dividends on its preferred stock,

:

Aug.

J

:

.

TIIK

5 1905.|

CHRONICLE

and a substantial sarplns has been accumulated and a dividend of I
p c on the common stock paid slnoe Jan. 1 of this year. At th" meet
com >auy deolared a dividend
lrjg of the directors on the 22d Inst, the
of'm p S ou Its preferred stock and an addlMonal dividend of 1 p. c.
on Its ooinnun stock, dividends being payable April 1 to stockholders

March 29.
.......
The con piny has met with unprecedented snooess with Its bitnllthlo pavement, which combines the good qualities of asphalt and
macadam roadway and eliminates their faults, especially the ellpperi
ne?s of the (.inner and the unoleanllness of the latter, and lack of
durability of both. The bltullthlo pavement Is a combination of varying slz-d p%rttoles of hard stone mlxoi In a heated ooudltlon with
of record

specially prepared waterproofing bituminous cements, In suoh proportions that the resulting oonorete. when compressed on the street, has
the density of solid rook and a surfaoe, affording a good foothold.

Tne following balance sheet has been

filed

oould obtain, viz., 450
thereby adding $15,0 "0
edness. The company's Investment In the
not good, and $12, 6"(>8 h.is been oUrtr^.'d oil'
tion. The other Investments, viz.. Pitcher
Its

$37,701
1

.'

Common stock.

Total

187.989
274,201
$3,891,907

Warrerj; Vice-Presidents, Albert
C. Warren arjd George C, Warren; Secretary, R>»lph L
Warren; Treasurer, Albert C. Warren. Office, No. 93 FederV. 77, p. 2103.
al St., Boston, Mass

shares at $72 50 (market value)
$1 953,257
Go.

Transportation

IstM bonds

15,000

15/00

.

'

tors."

The estate of tbe late William Sellers, according to the
inventory fi'ed last spring, incluied 2,467 shares ($246,700)
of the Midvale Steel Co., whica was valued at $1,233,500.
The following balance sheet was filed in Massachusetts
BALANCE SHEET FEB. 27 1905.
:

Liabilities

244,2'
procens
1,264,14!)
Cash and debts recelv.. 1,051,555

—

Capital stock

A

tween oost and present market value

22,029
31.80)
5.199

Total

499,057

$2,242,285

counts payable
and losa, surplus 2,746,032

Profit

Total
S3,937,C0 3
Total
$3,937,002
President, Cbarle9 J. Harrah Vice-President, James F. Sullivan
Treasurer. John C. Dessalet. and Secretary. Hsnry vi. Deemer
Directors
Char'es J. Harrah, James F. Sullivan. John Sailers Jr.,
Charles B. Dunn and Axel A. Petre. Compare V. 79, p. 631.
;

President Lyman Stewart, under date of Jan. 31 1905, said:
Dividends.—The cash dividends paid to date amount to $1,515,074. The rate of dividend paid for some time past has been 2.7

c per annum (equal to 22ifl cents per share monthly) on the par
valne of the outstanding stook. A resolution of the board of dlreotors
has authorized the payment of fifty cents per share (6 p. o. per annum),
on the twentieth of each month, commencing with February 1905.
The board does not anticipate that the payment of this dividend will
absorb more than one third of the company's net earnings. The surplus will be used for extension of plant. Our total capital stook,
which for the last ha'f of 1901 was $5,853,800, will be, after the contract Is completed with the Union Stook <te Bond Co ,$6,479,500.
Holdings of Oil Territory.— Frank A. Garbutt, manager of Field
and Land Department, reports: " Some two years ago. the permanency
of the oil business having been established beyond all doubt.it became
advisable that oil rights should be held in fee instead of under lease.
With this end in view, the company has purchased some 35,000 acres
of land formerly held by It under lease, and its present holdings aggregate about as follows: mining claims, 7,000 acres; leasehold interests, 13,000 acres; land and oil rights owned In fee and under contracts to purchase, 150,000 acres; total holdings, 170,000 sir* Of
this amount 75,000 acres have been acquired during the term covered
p.

by

this report.

" Santa Barbara County was selected, after some preliminary drilling as the point of centralization for drilling operations. In the brief
time covered by this report there has been 50,000 feet of drilling accomplished.
Fourteen weUs have b?en actually completed, of an
average depth of 2,650 feet, and as most of the wells are flowing the
oost of production has been reduoed to a minimum. The wells are
good producers, and for staying qualities are second to none in the
State. All of one Santa Barbara County property can be considered,
as prospective oil property and valuable for oil purposes. In addition the company has extensive and productive holdings in Bakersfield, CoaUnga. and in Ventura and Orange coufltles "
Pipe Line Extensions.— Pipe lines from the Santa Maria and Lornpoo oil dlstriots have been laid to Oroutt, a new station on the Paoifio
Coast Railway, where your company has ereoted large storage tanks,
pump station, repair shops, warehouses, eto. A pipe line 32 miles
long has been laid from this point to Port Harford, where suitable terminal facilities have been provided.
Union iransportation Co. Bonds.— The company's (liating debt
becoming somewhat of an incubus, its Treasurer, J. S Torrance,
negotiated In November last the sale of a sufficient amount of these
bonds with an equal amount (in value) of tieasury stock, to pay off
this floating indebtedness and to complete the pipe ltne extensions,
etc, above referred to. The oompany, however, still holds quite a
number of these bonds, and we do not hesitate to reoummend them to
onr friends as being a good and safe Investment. These bonds rnn
twenty years from Feb. 1 1903, interest 5 p. o., pavab e semi-annually,
with a sinking fund of 5 p. o. per annum after live years They are
non-taxable and their payment is guaranteed bv the Union OU Go.
The total issue to date is $1,688,000. The properties under them are
oarried on the company's books at an appraised valuation of $5,504,195. Under the terms of the supplemental trmt deed no more bonds
can be issued except to the extent of 45 p. o of the oost of tbe proper1

,

wbloh may be plaoed under them. Although developments on
have only ralrly bezun, the capacity of its wells Is already
more than sufficient to pay the interest on the entire amount of the
outstannlng bonds. [The Mission de La Purlsima property here referred to is In Banta Barbara County and it is understood oo uprises
about 13.500 aores. B*e Un. Transp. Co., V. 78. p. 1121, 705.— El.]
ties

$750,000
440,920

In

;

:

United Petroleam Co., Los Angeles, Cal.
f Report Dated Ftb. 10 1905.
President Lyman Stewart says:
The stock of the Union Oil Co. of California being the prlnolpal asset
of the company, Its clrcnlar letter of J*n. 31 1905 Is furnished herewith. [See ealrt ietier below.— Ed.] The United Petroleum Co. was
Incorporated J.n. 2>

14,596

Oil Go.

shares and
Union
Transportation bonds,
being difference be-

.$2,242,285

Total

on Union

{Report for Fiscal Year Ending Dec. SI 190 4 J

H

Stock

Profit

$1,500,000
225,753
2,879

Union Oil Company of California.

Attention is drawn to this company by the success attending the first cffictal test of "Midvale 6 inch, face-hardened
armcr plate, representing group A, consistiog of about 450
Idaho,' under contons of armor for the Mississippi' and
tract dated D^c. 15 1903." This armor, the cfficiU report
states, " passed a very excellent test under specification
requirements at the naval proving ground, Indian Head,
Md.," en July 26. The company was last spring the lowest
bidder upon the 8 ( 00 toDsof armor for the battleships "North
Carolina," ''New Hampshire" and "Montana," its bid being
considerably less than the bids of the other companies, but,
on the ground that the Midvale plant was not ready to
make prompt delivery, it was awarded only 1,000 tonB of
the contract. Toe company's contract of 1933 called for
6,C80 tons of armor at tbe rate of |398 for class A, delivery
to begin by Aug. 15 1905; the Carnegie and Bethlehem companies bid $420 per ton. Tne contract of last spring was
taken at prices ranging from $385 to $398 per ton, the prices
of the Carnegie ami B^ihlehem companies being identical,
and ranging from $400 to $420.
The report made last Feoruary by the board of naval experts stated in part as follows the relative equipment of the
three competing plants, much of the machinery for the Midvale being then under construction
Xumber of—
Bethlehem. Oarnegie. Midvale.
Open-hearth steel furnaoes
16
6
Forge furnaces
10
7
8
Bendlrg furnaces
4
10
4
Treatment or cementing furnaces
14
12
16
Armor forge presses
3
1
2
Armor bend ng presses
1
2
1
"Of the six ODen-hearth furnaces of the Midvale Steel Co. one Is
building, and of the cementing fnrnaoeo three are finished, six near
lng completion and three yet to be built, The one armor forge press
Is 9,000 tons; It is to bs used for both bending and forging."
Those of
the two other companies run as high as 12.000 and 14,000 tons.
Tbe " Philadelphia Ledger " savo: " When tbe ideas of the
engineers are carried out, the Midvale plant is expected to
be able to produce as much armor as either of its competi-

Machinery
Merchandise

payable
Aocounts payable
Surplus for sinking
fund
Bills

-V. 78, p. 1114.

( Balance Sheet Ftb. £7 1905.

$505,2i3
871, H25

i

2CO.00O

Callfor. Industrial Co.,
1,000 shares (oo-t)...

Midvale Steel Co.

'

(par)

Union Stook <fe Bond
Co., 150 shares (oost)

J.

—

Assets—
R-al eetate

Liabilities—
Capital stock

Co.. 26,941

Pitcher <fc Garbutt OU
Co., 198.909 sh (oost)
Treasury stock
Gash and on deposit.

$3,891,807

Frederick

OU

Reserve*, eto
lose

was

BALANCE SHEET.

Union

ana

Co.

$$16,970.

$2 ,000.000
Pref stook 6 p. c. oum.
530.800
Accounts payable
83,321
Debenture 5 p. e. bonds
or 1902. due 1922....
406,000
Floating debt
409,496
Profit

Independent OU

&

:

Assets—

286,?52
Machinery
635.49
Cash and debts reoeiv.
169,126
MJrs. and meroh
good-will
Patentrlshw,
2,120,518
and trademarks
Bonds or stock of sub643,718
companies

shares (one third of wh'oh
to the company's Indebt-

as loss on that transacQarbutt (U22.029) and
prospectively
good for all they
are
California Industrial Co. ($15,000)
\w\ a cost.
Our present yearly Income Is Present rate of dividend of 50o. per
share per month from Union OU Co., $16l,(>19; 6% Int. on 200 Union
Transportation Co. bonds. $10,000; total annual income, $17 1, 649.
Less secretary's salary, office rent, etc., $180; Interest for twelve
months, $13,25.'; net lnoome (equivalent to 1076 p. o. on par value
of Issued shares), $157,917; present rate of dividend (9.G p. o on par
value of Issued shares), $110,947; net surplus, to go Into sinking fund,

Union

Liabilities -

President,

It

for),

with the Massa-

BALANCE SHEET OF DEC. 81 1904.

Total

capital stook as

has been paid

chusetts State authorities
Assets—
Real estate

">o7

1899, wl'h a capitalization of $1,100,000,
divict-ainTo i ,0'jO shares, of which 14,682 have been issued. Its
officers are: Lyman Stewart, President; Frederick H. Rludge, VicePresident; J. E Mur-h. Secretary.
The $<:oo.ooo Union Transportation Co. bonds were purchased In
conrectmn with a ejDdlca'e or nve or six stockholders of "he Union
Oil C". that purchased $750,000 of these bonds. There b oi.d- will
probably be carried nntli they can be sold at a fair premium. When
the Union Stock & Bond Co contracted recently to purchase a larve
block of treasury »took of the Union OU Co , also a block of Union
Transportation Co. bonds, at price- which Involved a sacrifice of real
valaes, tbe board of oireotors of this company nonvli* to protect, In
part, the Interest* of the stockholders by aubsorlblnif for as much of

this traot

Gbneral Conditions— Sufficient areas of productive oil territory
have already been defined to supply the needs of this ooast probably
f r the next fifty years, thereby praotloally assuring the permanency
of the Industry. Of these defined areas this company probaby controls fully one-half, although not in the past producing over one-tenth
of the supply. Th poiloy of thlseompany i.i the future will be. as it has
been In the past, th it of an Independent producer wl'hout alliances;
and In order to oorreot 09rtain current newspaper reports, It may be
well to state here that the Standard Oil Go. has no Interest whatever
)

Ul ion OU Co. of California, eli >i >r directly or lndlreotly.
RESULTS OF OPERATIONS FOR CALENDAR TEAR 1904.
$1-13,077
Net earnings six months to June 30 1904
377,762
Net earnings six months to Deo. 31 1904
In the

Net earnings twelve months 1904
Total dividends paid twelvemonths 1901 (2.7 p.

$i20.«
153.769

'.)

o.)

Balance surplus for year need for betterment and inorease

367.070
per month for depredation on
plant, and also the actual depreciation In market value of stooks of
oil on hand.
There has also been charged off loss on sales or bonds.
These three l'.ems ch*rged Into expense aooonnt for the twelve
months of 1904 aggregate $112,875.
Compare report for 1908 in V. 78, p. 701, and see United
of plant

Onr practice

Is

to

charge

off 2 p. o.

Potrolentn Co. above.— V. 80,

p. 655.

THE CHRONICLE.

558
&

Saco

Petee

Machine

Boston Suburban Electric Companies.— Contract.— See
Massachusetts Gas Companies below. V. 80, p. 1423.

Shops.

—

(Balance Sheet April 20 1905.
This company is now In effect the parent company of the
important cotton machinery merger which was effected last
spring. In the first plaoe, the A. T. Atherton Machine Co.
of Pawtncket, R. I., was pnrchaaed by the Kitson Machine
Co. of Lowell. Mass., on a basis, it is said, of $82 50 per share
for the preferred stock. Then the Saco & Petee interests
last April bought control of the Lowell Machine 8hop stock,
which is held In trust for the Saco & Petee Co. by the City
Trust Co. of Boston. Finally, the Lowell Machine Shop Co.
last Jane bonght the plant, rights and goodwill of the Kitson Co., inoludinsr the Atherton purchase, for a sum said to
have been $300,000. Oq June 8 1905 the Kttf-on Machine
Shop was incorporated under the Massachusetts laws to take
over t he business of the Kltson Machine Co. ; the capital,
$150,000, the same as the old company, beiDg subscribed for
as follows: President Robert F. Herrick, $149,800; Treasurer Haven C. Perham, $100; Alfred B. White, $100.

BALANCE SHEET APRIL
1908.

A S'<ft s 9>
Real est., machln'y. 286,256
291, 236

Material
& debts recelv.
Secur. other cos

Cash

572,836
561,800

1964.
f

307.347
197,386

847,247

Accounts payable
Float lnu debt

Bonds

"1,000

Total

29.

LiabilitiesCommon stock
Pref. stock

1,711,829 1,852,981

Proflt

and

Total

1905.

1904.

*
800,000
393,600

800,000

"60
4&S,70n

417,00
103,229

loss

97,i!31

1.711,820 1,352.981

See Lowell Machine Shop below.— V.

80, p. 1366,

Lowell (Mass.) Machine Shop.
(Balance Sheet March
1905.

Assets—
Real estate

$

$

342,285
60,000
365.137

Machinery

Merchandise, etc....
Cash & debts receiy. 1,000.426
6,nou
Patent rights
10,000
Insurance
Total

31,

342,286
60.HOO
289.228
970.760
6,0.0
8,000

1,782,847 1,675,263

1904.
I

1905.

1904.

Liabilities$
Capital stork
900,000
Accounts payable..
18,115
Floating; debt
450,000
414,733
Proflt and loss

Total

900,000
151,889
623.374"

1.782,847 1,678,263

President, Robert F. Herrick; Treasurer, Haven C. Perham, See Saco & Petee Machine Shops above.— V. 80, p. 1178.

Globe- Wernicke Co., Cincinnati.
(Balance Sheet.
The following balance sheet was filed with the Massachusetts State authorities on July 18. The company's annual
meeting was held on June 1.
Real estate
$621,280 Capital stock
Machinery
402,575 Accounts payable
Gash & debts reoelva'e.
456,508 Fnndeddebt
Merchandise
274,103 Surplus
Manufacture & mereh.
501,300 Profit and loss
Patents, good-will and
trademarks
532,190
Investments

$2,463,000
64,464
87.000
90,625
218,395

85,548

Total

[Vol. lxxxl

$2,873,484
Total
$2,873,484
of June 1 1903, V. 78, p. 286.— V.

Compare balance eheet
80, p. 878.

(hiciigo & Alton Ry.— Called Bonds.— Seventeen ($17,0f0)
Mississippi River Bridge Co. bonds will be paid Oct. 2 1905
at the office, No. 120 Broadway.
V. 81, p 30,

—

Chicago Bloouiington & Deeatur (Electric) Ry.— Mortgage.— A. temporary mortgage for $500 000, pending construction of the road, has been made as of Jnn^ 31 to 8. H. Ewing
and James Tasker of Montreal, as trustees. The company was
organized last April by William B. McKlnley and Hpsociates
(see Illinois Traction Co. on page 2516 of Street Railway
Section), with authority to construct a road, trom a point in
or near Chicago, through the cities of Joliet, Morris, Pontiac,
Bloomington and Clinton, to the city of Decatur, Construction is In progress. Officers: President, W. B. McKinley;
Vlce-Pres., Chas. Z'lly; Sec, T. B. Macauley; Treas,, B. R.
Stevens.

Chicago City Ry.— Suit to Enjoin City.—The company on
July 26 filed a bill in the United States Circuit Court at Chicago asserting the exclusive right under the 99 year Act to
operate oars on its 119 routes and asking that the Court enjoin the city from carrying out the repealing ordinance cf
March 20 1905, or disturbing cr prosecuting any suit denying
the charter and ordinance rights of the complainant until
full purchase of all its street- railroad property alter 1958.
The object of the suit is to protect the company in its negotiations with the city and also to prevent encroachment by
any municipal road such as Mayor Danne has projected,
(V. 81, p. 210.) The bill therefore asks the Ccurt to decree
That the city has no right to grant another oompany franchise to
operate street oars over any of these 119 routes.
That the city shall not authorized competing oompany to operate
oars on Adams, Washington, Harrison, Desplalnes and Twelfth streets
portions of Mayor Dunne's munioipal system.
That the construction of a competing line Is an Impairment of the
oontrait between the oompany and the State.
That the oompany shall not be required to exchange transfers with
the Mayor's line.
That the city has no authority to subscribe for stock In
or private corporation.

any railroad

The officials of the company say they have offered the city
a fair proposition and that they are ready to negotiate with
the city for the sale of the property, but that ttoey will not
be forced to concede anything by the Mayor's threat to invade its territory with a rival line. Attorneys for the traction companies, it is said, will make an effort to obtain an
advancement of the ninety-nine year case on the calendar of
the United States Supreme Court, so that a decision may be
had at the October term. (Compare V. 78, p. 2333; Vol. 80,
p. 1058.)— V. 81, p. 507.
Chicago

& North Western

Bonds.— The

—

Ry. Payment of Maturing
Milwaukee & Madison Ry. Co. first
bonds maturing Sept. 1 1905 will be paid on

$1,600,000 of

mortgage 6 p. c.
and after that date at the office of the Treasurer of the Chicago & North Western Ry. Co., 52 Wall St., N. Y.— V. 81,
p. 30.

Chicago Union Traction Co.— Receivirt? Certificates to
—Judge Grosscup has authorized the issue of
receivers' certificates, maturing Feb. 1 1906. to refund the
$100,000 first mortgage bonds of the Chicago Passenger Railway Co. which matured Aug. 1 1903.
Suit.— Bee Chicago City Ry. above.— V. 81, p. 210.
Replace Bonds

&

Vogel Leather Co., Milwaukee, Wis.
(Balance Sheet. J
The following balance sheet was filed with the Massachusetts authorities on July 8 1905:
Pfister

Assets

—

Liabilities

Real estate

$1,273,972
Machinery
869,872
Oaeh& debts reoelva'e. 2,643,292
Manufact'esA meroh.. 3,477,959

Accounts payable
Float, indebtedness

Surplus and recerve
Profit

Total
V. 80, p. 1734.

.$8,265,095

—

Capital fctock

and

loss

Total

$3,915,000
170,442
1,643.003
1,997,529
539,121
$8,265,095

GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
British Columbia Electric Railway.— Listed in London.—
The London Stock Exchange has listed £90,000 deferred
ordinary stock, also £90,000 preferred stock. The shareholders met on April 19 to vote on the following propositions:
(1) An agreement for the electrification and working by the company

of the railway line from Vanoonver to Steveston. Lulu Island;
morease the capital to £1,000,000 by the creation of 150,000
shares of £1 each; (3 > to convert the preference shares and the

(2) to

new

recently issued preferred ordinary and deferred ordinary shares imo
stock, and (4) to subdivide the 8.f>00 unissued preference and the
5,000 remaining unisbued shares of $10 each into shares of £ 1 eaoh.

The company on May 1 paid the same rate of dividend as
in the previous year, namely 6 p. c. per annum, free of income tax, on deferred ordinary stock for half-year to Dec.
31 1904 (interim).
In April last the Victoria Gas Co. was reported as purchased for $192,000.— V. 79, p. 150.
Buffalo Rochester & Pittsburgh Ry.— Quarterly.— Results
months endiDg June 30

for the quarter and the twelve
3 mos to
Qross
Net

June 301905
1904

Year—
1904

earnings.
15 1,»65
1,859,241

$i!.

6. ...$8,134,055
1903-4.... 7.492,523
-V. 80, p. 2219.

earnings.

Other
income.

All
charges.

for divs.

$789,197
706,914

$180,287
327,541

$162,815
453,838

$4*6,669
680,617

Balance

$3,075,244 $147,022 $1,812,221 $1,410,045
3,083,718
357,434
1,700,276 1,740.876

Cleveland Cincinnati Chicago & St. Louis Rj.— ApplicaThe New York Stock Excbange has been requested to list $1,000,000 additional general mortgage 4 p. c.
bonds of 1993, making the total amount $20,749,000.— V. 81,
tion to List.

—

p. 264, 31.

Dallas (Tex.) Electric Corporation.— New Stock.—The
authorized lssne of preferred stock has been increased from
$1,500,000 to $2,000,000. This is the only change in capltali-

zition.-V.

p 1191.
Daluth Virginia & Rainy Lake Ry.— New Control —The
Virginia & Rainy Lake Co, was incorporated in Minnesota
on April 23 with $2,000,000 authorized oapital stook to take
over, it is understood, the control of this company and the
allied corporations, the Riiny Lake Co., which owed extensive timber lands located north of the Mesaba Range and
tributary to the road; the Virginia Lumber Co. with its
large saw mills, and the Minnesota Construction Co. The
76,

officers of the

new oompany

are:

H

Cook, of
President, William O'BrieD, of 8t. Paul; Vioa-Pres.. W.
Dnluth; Seoretary, Granville G. Stone, of Waasan; Treasurer, Flower
D. Stone, of Wauaau.— V. 74, p. 938.

Fox River Electric By., Gtreeu Bay. Wis.— Consolidation.
—See Oreen Bay Traction Co. below.— V. 68, p. 129.
Green Bay Traction Co — Consoliialim,— This company
was incorporated in Wisconsin in May last, wt'h $1,000,000
capital stock, as a consolidation of the Fox Rver Electric
Ry. Co. and the Knox Construction Co. interests. See p.
2^28 of the Street Railway Section. The Fox River Railway is a new and distinct enterprise.

Gaaynquil* Quito Ry. -Official Circular.— A circular dated
July 18 has been sent to <he shareholders, saying in part:
On July 8 this railway was completed and opened to publlo trafflo to

the city of Rlobamb*. This city has about 40,000 inh*bi rants, la a
business oenter of considerable proportions and oommmds tin trade
of the extensive Chambo Valley. The oompany now has 151 miles of
railway in operation. The construction of the railway from the city
of Rlobamba to the oity of Ambato, a further distanoe of 3« miles, is
nearlng completion. The rails, bridges and other oonstraotloa mate-

:

:

A vis.

")

TPIE CHRONICLE.

1905.]

have now arrived at Guayaunll and will within
few months be m place atd the r.illwav opened to public tratllo to
Atnbato during the month of Ootober or November.
The rails, bridges and other construction material necessary for the
completion of the remaining 80 miles from Ambato to Quito are now
in transit from New York to Guayaquil. Several tbonwaud men are at
work grading the section of the railway between Anibnto nnd Quito,
and it is expected that the entire line trom Guayaquil to Quito, a dls
tanoe of 267 wiles, will be completed and opened for tratllo wltbln the
first six or eight months of next year.
The grots tratllo receipts from Jan. 1 to Die. 31 1904 were 600,000
snores, or JBSO.uoO. The gross traltlo receipts from July I 190* to
June SO 1 905 were 800 000 euores, or £80,000 sterling. We expect a
considerable Increase In business on opening the line to the city of Rio
bauiba, and npon the completion of the line to Ambato within the next
No charge
few months we expeot a further large Increase In tr« til
Is made for hanllrg from the coast the very large tonnage required for
construction but the cost of forwarding all construction material Is
charged to operating expenses.
The cities of Rtobamba and Ambato may be oonsldered the gateways
to the great plateau of Northern South America. This plateau extends
from Riobamba about 1,500 miles to the olty of Bogota, the capital of
the United States of Colombia. It has a large popilatlon. Is very fer
tile, and will now be considerably developed by this railway connecting It with the Paolflo Ocean. The opening of the railway to Ambato
will make possible the development of the vast rubber and bardwood forests of the east slope of the Andes Mountains, and a syndicate has been formed to develop this section.
On acconnt of the large tonnage of construction material that had
to be forwarded, the company has not been able to offer proper facilities
to the Increased traffic from the oountry adjacent to the railway, but
the Improvements in sections already open to traffio have continued,
and sugar, rice, banana, 0000a and rubber plantations of considerable
proportions are constantly being put under cultivation, and towns cf
from 3,000 to 8,000 are springing up along the line, with a prosperous
rial for this section

.4

future In sight.

Contracts have been placed for additional locomotives and
Two locomotives were shipped on July 12 and the managers expect to ship from New York " from two to four new
locomotives per month, also additional cars as rapidly as the
factories can supply them, until the eqaipment of the railway is complete in every respect." V. 81, p. 507, 155.
cars.

—

Hocking Valley By.— Listed.— The New York Stock Ex
change has listed the $2,479,000 Columbus & Toledo extended
mortgage 4 p. c. bonds of 1955.— V. 81, p. 507, 211.
Hudson Valley (Electric) Ry.— Sale of Bonds Postpoind.
—The sale of the $S61,000 bonds held bv the Merchants'
Trust (Jo. as collateral for a loan of $746,862, which was to
have taken plaoe this week, was postponed, the company
havirg obtained a temporary injunction restraining the sale
on the ground that under the agreement the securities cannot be eold befoie Mar. 1 1906.
Dirtctots.— At the annual meeting on July 18 nine of the
old directors were re-eleoted to represent the Colvin and
Herbert interests and four directors were chosen at the suggestion of the Merchants' Trust Co., namely:

with the Muncle Hartford & Ft. Wayne Traotion Co. It Is
contemplated to lease the new line, and whenever consolidation can be made operative to purchase the same.
Upon

merger of the properties the

$500, Of of stock of the B'nffton
Ft. Wavne Traction Co. will be exchanged for $250,Fc. Wayne Ry. Co.
030 of stock of the Muncie Hertford
Ri(,ht to Subscribe to Pool. —A pool has been formed
with $100,000 capital to build the road of the Blnffton
Ft.
Wayne Traction Co. from Bluffton to Ft. Wayne in return
for $500,000 stock and $500,000 bonds of that company, and
has re-sold the bonds. Of the oapltal of the pool, one half la
to be paid at once and the remainder if and as required, in
The stockholders of the
connection with construction.
Muncie Hartford & Ft,. Wayne have the right to join the
pool until Aug. 10, subscribing for 50 p. c. of the same to the
extent of $5 for every share of stock owned by tbem respectively, of which $2 50 be paid on present call. At the
distribution of pool assets the subscribing stockholder will
receive his proportion of the unused oapltal fund and $12 50
Ft. Wayne Ry. Co. if
of the stock of the Muncie Hartford
merger is consummated as proposed.— V. 81, p. 31.

&

&

&

&

Nallonal RR. of Tehmantepec— Construction— Steamship
Aliiance.—See American-Hawaiian Steamship Co. under "Industrials," below.— V. 79, p. 628.
North Pennsylvania RR.— Payment of Maturing Bonds.—

The

$1,203,010 collateral trust 6 p, c. bonds maturing Sspt, 1
1905 will be paid when due at the office of the trustee, the
Guarantee Trust Co. in Philadelphia.— V. 78, p. 821.

Ocean Shore Ry. Co., California.— New Stcck.— The shareholders will vote at 561 California St., San Francisco, on
Sept. 28 upon a proposition to increase the oapltal stock to
$4,000,000.

.

:

improvements, betterments, new equip

ent, etc., $365. OCO;
(3) for extensions at $10,030 per mile, $439,000 -viz., $325,000
on account of 32 582 miles of the BDnnerville
Southwestern
RR. and $114,000 on account of 11*4 miles of the Tyronzi

&

Central

RR.

ISSUANCE OF $17,810,000 REFUNDING MORTGAGE 4 F. C BONDS.
For the retirement of underlying bonds and for refunding
purposes
$3,286,000
For Improvements, betterments, new equipment, etc
1,997,500
In respect of additional lines, extensions, etc, at not exceeding $22,500 per mile (Including underlying liens)
876,500
For purchasing the securities of subsidiary companies
11,630,000

81, p. 212.

Philadelphia Co. of Pittsburgh.— Earnings.— The earnmonths ending June 30, including controlled
companies, were
6 mot.

—

Oross
earnings.

1905
1804

$8,116,248
7,928,594
-V. 81, p. 503.

Pittsburgh

On August

Wet
earnings.

Other
income.

$3,498,746
3.362,866

$211,042
221,834

All
charges.

$2,127,214
2,048,358

Balance
Jor pre/.
$1,682,674
1,538,902

Shawmut & Northern RR.— Receivership.—

Justice Kenefick of the Supreme Court at
Buffalo appointed Frank Snllivan Smith of Angelica, Acting
President of the company, as its receiver, upon application of
the Central Trust Co., as trustee for the bondholders, interest
due Aug. 1 1905 on both mortgages being in default. An
official statement says
The default In interest and the receivership of the company has
become necessary In order to effeot a reorganization of the financial
plans, for the purpose of providing for the extension of the road to
Pittsburgh, Buffalo and Lake Ontario, involving the construction of
300 additional miles of road, and the acquisition of additional coal
1

lands.

The present mortgage of $15,000,000, it has been found, is entirely
inadequate lor the purpose of extension and improvement, and with
the underlying mortgages is to be supplanted by a larger single mortgage. It was tire thought that a general mortgage upon the property
providing for the underlying mortgages might be practicable, but
financiers object to what is termed a subordinate Hen, and therefore
it has become necessary to revamp the flnanolal struoture; and to
save time and expedite the plans, the company has consented to the
receivership upon the appeal of a large majority of the bonds.

Kansas City Fort 8cott & Memphis Ry.— Listed -The
Stock Exchange has listed $957,000 additional
guaranteed refunding mortgage 4 p. c. bonds, making the
tot *1 listed to date $17,810,000. Of the additional bonds, there
were issued
(1) for retirement of equipment, bonds ($13 1,000) and other underlying bonds ($20,000), $158,0C0; (2) for Compare

New York

Compare V.

ings for the six

first

Otto T. Bannard and Douglas Robinson (reoelvers for the Trust
Company) and Dr John P Mann of New York (re-eleoted). and W11lard V. King of New York, Vice-President of the New York Trust Co.,
of whlob Mr Bannard la President. [Two vaoanoles remain, and these.
It is said, win be filled by representatives of the receivers of the Trust
Company.]— V. 80, p. 2621.

.-,r><)

i

V. 81, p. 32.

Pittsburgh Westmoreland & Somerset RR.—iVeie Company—Mortgage. A mortgage has been made to the N. Y.
Trust Co., as trustee, to secure an issue of $700,000 bonds to

—

oover the proposed road (with its franchises, equipment, eto.)
now under contract to extend from Ligonier on the Ligonier
Valley RR. to a connection with the Baltimore & Ohio RR.
Co. in Somerset, a distanoe of 30 miles. J. Henry Cochrane
is President and L. H. Allen, Secretary.

Qa'Appelle Long Lake* Saskatchewan RR. & Steamboat
Co.—
Interest Payment.— Chaplin, Milne, G-renfell & Co.,
— V. 81, p. S64.
Limited, paid on Aug. 1 £1 Is. In cash In respect of interest
Kaunas City Mexico & Orient HH.—New Concessions.— then due on the 6 p. c. first mortgage bonds, and issued cerThe Minietry of Communications and Public Woran of Mex- tificates for the balance of £1 19i. per coupon. These are the
ico, it is annoutcfcd, has signed, by direction of President same amounts that were distributed last year.— V. 79, p. 904.
Diaz, an amended concession for the road, viz
St. Louis & San Francisco RK.— Listed.— The New York
(1) The two concessions, one east and one west of Chihuahua, are
Stock
Exchange has listed $1,107,000 additional 4 p. c. reconsolidated. The time for the completion of the system, including
funding mortgage bonds of 1951, making the total listed to
neoessary branches, is extended to Aug. 1 1910.
(2) The subsidy has been Increased In the mountain section of ISO
date $60,229,000. Of the additional bonds, $1,000,000 was ismiles to 926,120 (Mexican) per mile, or a total of $*>55,010.
sued on account of betterments, improvements, etc., and the
The
company
has
exbeen
granted
Import
privileges,
(3)
special
empting from duty all material for construction, operation and main- remainder for the retirement of underlying bonds, and the
:

tenance of the railroad for
(4)

five years.

The Government agrees not

to grant

any concession

for the con-

struction of a parallel line within fifty kilometers on either side of the
railway for a period of ten years.
(5) The company Is also authorized to oonstruot any branch line It
may deem neces-ary daring the term of five years and to make oonneotlon with any o.her railroad.— V. 80, p. 871.

Kaneas City Southern Ry.— New Bads.— The company
has placed an order for 12,500 tons of 85-pound steel rails.—
V. 80, p. 2458.
Luke Shore & Michigan Southern Ry.— Application to
Int.— The New York Stock Exchange has been requested
to list $10,000,803 additional 4 p. c. 20-year debenture bonds
of 1928, making the total amount fSO.OuO.OOO.— V. 83, p. 2621.

Ligonier Valley RR.— See Pittsburgh Westmoreland &
Somereet RR. below. -V. 80, p. 711; V. 78, p 1(61.
Moncie Hartford & Ft. Wayne (Electric) Ry.— Lease.—
Mirger. — Tne shareholders will meet Aug. 9 to vote (1) oa
leasing and operating the property of the Blnfftou & Fc.
Wayne Traction Co.; (2) on consolidating that company

purchase of 511 shares, beiog balance of outstanding capital
stock, of Fc. Worth
Rio Grande Ry. Co.

&

Guaranteed Bonds.— Bee Kansas City Fort Sootc

& Mem-

phis Ry. above.

Earnings.— For the 11 mos. endiog May 31 earnings of the
syetem, including Chicago & Eistern Illinois and leased and
auxiliary companies, were:
Charges.
$11,010,913

But ,sur.
$744,309

Rj.-Sdeof Lighting

Business.

llwio*.
Gross.
Net.
Oth. inc.
1904-05. .$35,319,481 $12,305,812 $49,403
1903-04.. 32,874,768
11,382,012
1902-03.. 29,392,290
10,945,903
V. 81, p. 508,266.

—

San Diego

(I al.) Eleetric

—See United Lt., Fnel & Power Co. under Industrials below.
Seaboard Company.— First Pre/. Stock all Taken— It is an-

nounced that the privilege accorded to the Btookholders of
the Seaboard Ry. Co. of subscribing to the first preferred
stock of the new company expired on Jaly 28, and all of
the firet preferred stock to be issued under the plan was
The Issue
eubecribed by the stockholders themselves.

THE CHRONICLE.

560

had been underwritten by a syndicate composed
largely interested in the property.— V. 81,

of parties

Brazos Valley By.— New Mortgage.—The comannounced, has canceled its outstanding bond
issue of $1,850,000 and made a new first mortgage to the Old
Colony Trust Co. of B iston, trustee, to secure an issue of 6
p. c. bonds limited to |30,0C0 per mile of railroad now owned
I.aoy, it is

or hereafter acquired, including the following lines definitely
specified in the mortgage, constructed and to be constructed,
Fort Worth, by way of Cleburne, Mexia and Houston
viz
The road,
to Galveston; Mexia to Dallas and Fort Worth
8outhern on
it in stated, was transferred to the Colorado
Jnly 1. The work of construction, it is understood, has be
gun, or is about to begin, on the extension from Mexia to
Houston.—V. 80, p. 2622.
:

&

Ltd.— Acquisition— The pur
the Jamaica Eleotrio Light & Power Co., now in

West India Electric

Co.,

chase of
process of completion, will result in no change in the capitalization of the West India Electric Co., either in stock or
bonds. The new property will be a separate company, necessitated by local reasons, and the property itself will be leased
to the West India Electric Co. The issue of bonds of the
new oompany will probably, we learn, be £41,000, or $200,000.
with nominal issue of stock, the West India Electric Co.
owning the entire issue of stock. The deal, however, gives
the West India Electric Co. the entire control of the electric
traction and lighting in Kingston and St. Andrew as well as
The price paid for the property is in th<vicinity of 1160,000, and $160,000 out of the issue of bonds
of the new company will be used to pay for the property
and the rtmaining $40,000 will remain in the treasury of
the new company for Improvements. The President of the
West India Electric Co. is James Hutchinson, Montreal.— V,
St. Catherine.

81, p. 505, 265.

&

fering at 101 and interest $500,000 of this company's authorized issue of $2,500,000 5 p. c. gold bonds dun M*y 15 1951.
of which $1,900,000 are now outstanding and $600,000 are reserved to retire Lehigh Traction bonds. See V. 78, p. 289.
Earmngs.— For years ending May 31:
1901-05
1903-04

—V.

Gross.

Net.

Interest.

Bal., sur.

$279,839
269,063

$151,761
135,103

$124,250
124,250

$<i7.f>ll

10,853

Wisconsin St Michigan By.—Mortgage.— A mortgage has
been filed with the Equitable Trust Co. of Coicago, as trussecure $2,600,01)0 bonds.— V. 80,

p. 2221.

Zanesville (0.) Railway, Lighting & Power fo.~-Bor,di
Caihd. The entire issue of 15-year 6 p. c, collateral trust
bonds of 1900, fir $1,000 each, has been called and will be
paid at 105 and interest on Sept. 1 at office of the trustee.
International Trust Co., 45 Milk St., Boston.— V. 80, p, 873.

—

INDUSTRIAL, GAS AND MISCELLANEOUS.
(N. R.) Allen Sons' Tannery Co. of Kenosha, Wis,— Incorporation Reported Hale. This oompany has been incorpor
ated in Wisconsin, with $800,000 capital s'ocfe, to take over
the large tannery of the Aliens at K>nosha, Wis., the incor
porators being Charles W. Allen, Nathan R. Allen Jr. and
Edward C. Thiers. Nathan R. Allen is quoted as saying that
the stock in the company will for the present be held by C.
W. Allen and himself, but that the Central Leather Co.
would later have an interest in it.
Alpha Portland Cement Co.— Status.— This company,
mentioned below under the heading " National Portland
C^m9nt Co.," was incorporated in New Jersey in 1895 with
$500,000 of capital stock, which has since been increased to
The company's works are at
$1, 000,000, par of shares $100.
Alpha, N. J., on the main line of the Lehigh Valley RR., 7'>
miles from New York and 4 miles east of Easton, Pa. They
were erected in 1891 and subsequently enlarged. No bonded
debt at last accounts. Dividends paid quarterly at company's
office, 460 Bourse Building, Pniladelphia.
American-Hawaiian Steamship Co.— Contract uith Tehuantepec Read for Through Service. This company, n->w
operating a fl -et of steamships from San Francisco and Ha
waii to New York through the Straits of Magellan, has
concluded a contract with the National RR. of Tehuantep^c
for the operation of connecting steamship lines on both the
Pacifio and Atlantic sides, and will use the seven vessels now
in the service in addition to two new ships about to be built.
The company expects to afford a service of 25 days by the
new route as against the 85 or 40 d«ys now taken to transport freight bet ween New York and San Fraaoisco by way of
Panama, The Union Iron Works of San Francisco (Bathlehem Steel Corporation) recently began the constru tiou of
the two new vessels, which will have a cargo capacity of
12,000 tons of sugar each and a speed of 12}£ knots, and will

—

results
follow:

$54W.081
ittt),&Hl

*63?.fi*l
4>-3,324

f?8i,g07
281,907

$1,203,761

$1,181,168

$5C3,«14
568,814

Year —

1»01

Or,

19^804

1,018.875

1,060,:576

The dividends on the common
have been paid as follows:

May

—V.

Nov.

1905, ]J^ p, c, (seml-an.);
81, p. 263.

(1««) $81,013
(

(
(

%%)

Bal., sur.
»16-<7fll

B5.108

166,311

W*)fl52 121
%%) 35,106

$K>5.S28

419,55

(cb-iiged as above)
1904, 1J^ p c (semi-an.);
1905, 1 p. c. (quarterly).

stn.-ft

1

Aug.

American Smelting & Ref'nin? Co.— Utah C<pperCo,—
The American Smelting & Rt-fining int-r«s 8, it is understood, will shortly acquire control of the U>nh Copper Co.
The option price is said to be $20 per fbare. The latter comf

pany has authorized an iseue of $3 00^,000 convertible six per
bonds to pay for extensive improvements. (Compare
V. 79, p 906.)
JSew President. -Diniel Guggenheim, it is expected, will
shortly be elected President to succeed the late Edward
cerjt

W. Nash.-V. 80, p. 1973.
American Steel Foundries.— New Pre.i 'ent.—A.t a meeting of the directors on Wednesday Third Vice- President WilI'am V. Kelley was elected President to succeed General
Charles Miller, resigned. Mr. R>lley was formerly President of the 8implex Railway Appliance Co., which was purchased some time ago. General Miller continues as Chair-

man

of the hosrd.

Bonds Underwi i tten.— The syndicate formed to take such
bonds to be issued as may not
be takea by the stockholders, has, it is announced, been fully
«ub8Bxibed, the old officers having suoscrined liberally.
The bonds, it is stated, will be offered to th« shareholders at
80 and the unsold portion taken by the syndicate at the same
part, if any, of the $3,500,000

a commission. Compare V. 81, p.
American Telephone & Telegraph Co

267, 33.

- Output. -The
output of instruments [each tele^houe being two "instruments", viz., one receiver andjone transmittei] for the month
and six months ending June 30 w*s
:

.

To June 30—
Gross output (number)
Net output (number)
Total outstanding

—V.

Month.
1905.
1904.
120,555 8«,3l2
68,128 39,1:58

,

6 Months

,

190i.

89.620
614,078
5,094,612

,

1904.

591,684
344.494
4,124,411

81, p. 33, 509.

Burroughs Adding Machine Co.— Stock Distribution.—

78, p. 289.

tee, to

1«>4 06
1»03 01

price, less

TTilkesbarre & Hazleton BB.— Bonds Offered.— Rudolph
Kleybolte
Co., New York, Chicago and Ciuciunati, are of-

Year—

American L'ght & Trtctlon < o.— Report— The
months and also the year end J nne 301905
0mo8—
Earnings. Uetvroft.t.PJdir..(if.
Com. <liv.

for the six

p. 32.

&

Trinity

[Vol. lxjlsi.

—

—

An txchaijge says "the tt icknolders received som-; weeks
ago a stock dividend of 1,000 [yno (?,] p c. Toe capital was
An increase of [no (?i] $5,00f',0no was authorized
$500,000.
and the stock distributed to holders. The stock is quoted
around par. Before the increase it was quoted at 500." See
V, 80, p. 1176.
Central Leather Co.— Reported Acquiition.—Sde (N. R.)
.

Allen Sods' Tannery Co. above.
Alliance D-nied.— Touching the report (based apparently
on a misprint) that a deal is pending for an alliance with the
American Hide & Leather Co., a promiaent director of the
Central Leather Co. is reported as saying
There is no connection between the two companies in contemplation
or in negotiation, directly or indirectly. The Central Lea her Co. has
no interest whatever in the Amerioan Hide & Leather Co.— V". 81, p.
501, 213.

Chicago Pneumatic Tool Co.— Option -Probable Purchase.
has obtained an optloo on th« plant of the
McKiernan Rock Drill Co. of New York, thus opening the
way to a rock drill department, a new departure for the com-

—The company

The 'Iron Age" says:
While the McKiernan Drill Co. will not be formally taken over in its
entirety until Oct i, pending final arrangements the 'ihtoago Pneumatic Tool Co. will oil jr to the trade a full line of the McKI m»n pneumatic rook drills. The plant of the McKiernan Drill o. ai Djver. N.
J, is practloally a new one, having been built In 1900. It la fully
equipped with modern cools.— V. 81. p. 33.
pany.

(O.) Gas Co.—Decine in Bonis.— The recent
auction of several lots of the company's bonds,
said to aggregate $250,000, precipitated a decline in the price
from 108 in June to 91 at a reoent auction sale. The interest
dlits
Co. on July 1,
on the bonds was paid through H. B.
but it appears there has been some talk of defaulting, as it is
claimed the company has not been earning the interest on
The d ficiency has been
the conds, which is $75,000 a year
made good by the Columbus Gas L'ght & Heatitig Co., which
owns the stock of the Columbus Gas Co. President Johnston of the holding company is reported as sayiag :

Columbus

trie-ring

a.t

H

&

I can almott certainly say that we will continue to operate the plant
and will not give up the franchise. We hope to make arrangements by
which this will be made possible, even though it does entail a heavy
loss, UDtil such time as we may find some way In which to utilize the
plant. Thattlme may come when itwl.'l be f und n^oessary to supplement the natural product by the manufactured article If there is
aay io»s by reason of the continued operation of the plant, it will fall
on the ho ding company.
There are $1,5C0,000 of the bonds covering the property
of the company, which includes Cjlumbus re*l estate valued
at one time at $<>00,000.— V. 64, p. 1224.

(olumbas (O ) Gas L'ght & Heating Co.— See Columbus
oil for fuel.
Recent advices state that the Tehuantepec Road, from Sa- (O.) Gas Co —V. 79, p. 2644,
lina Crnz on the Pacific to Coatzscoalcos on th<- Gralf of MexConsolidated Anthracite Coal Co., Spadra. Ark.— New
ico, 180 ml'8, is about completed, and it is thought that next Pretiient.
A large interest in the stock of this company has
spring the harbors and wharfage for the accommodation ot been acquired by Walter S. Bogle of Chicago, and he has
steamers and transfer of freight will be finished, so that the been elected President of the company. Alexander CunCf ntract with the steamship company cin go into operation.
inghame of Ciccinnati has been re-el«cted Vice-President,
[See description of road in "Railroad Gazette" of July 15 and WalterS. Bogle Jr. has been appointed General Manl904.]-V-.78, p. 990.
ager. R, D, Dunlapis Treasurer and C.E. Robinson Secretary.
burn

—

—
A

...

i

—
TIIK CHRONICLE.

1905.1

5

&

Co.. Chicago ard Cincinnati, recently if -red
Danghertv
$5CO,000 of the o< mpauy's stock at $22 50 per share, par va'ae
$25, their advertlsem-nt giving the following information :
Incorporated under laws of Arkansas In March 1904. with a capital
of $5.000.00i', $2,000.00" of whloh has bee-i plaoed In the treasury for
The stook now i d'ared Is oat of the Issued
future de'velopment.
capital of $4,000. ooo. The oompany has approximately 10.000 aces
hard ooal land In and about Spadra. Ark; 4,000 acres cotton lands and
Present mines dally oapaolty 2.000 tons
•i 000 acres timber laDds.
Mew mines belli* opened with additional oapaolty 2.000 tons. Output
sold a year in advance nt average profit $1 pert >n f. o. b. m<ne*.
The vein of ooal prorinces in* re than 5.00) tons of marketable coal
per acre. The oouipany Is paying 5 p. o. (quarttrly) dividends for the
past nine months, and it Is now earning lo p. o. There are no bonds,
preferred stock or other obligations aside from the common stook The
new stook Is Issued to bring the oapaolty up to 4,000 tons oer dav.
Dlreotcrs: A B. Vonrhels. A. Ounlnghame, H. F Jergens, W. H.
N. Rlx Hot
P. Deppe, all of Cincinnati. O.; O
Harrison and
Spring", Ark W. D. Quilbert, Columbus. O R. D. Dunlap, Clarks<

W

f><>

Co Oonneotlout Chair
.

Co., Ford

A

Johnson, Michigan City,

Iud.,

i

and

the Cincinnati chair Co.

The consolidation was underwritten by the Cincinnati
Trnst Co. of Cincinnati. The general headquarters will be
located at Chicago. Officers
J. L. Ford, of Chicago, President; W. H. Johnson. Michigan City

First Vice-President; A. D. Martin. Frankfort. Ky . Secnd VicePresident; W. F Johnson, Chicago, Treasurer; E. L. Sibley, Chloagoi
Secretary; John K Walters, Cincinnati, Assistant Seoretary.

Greenwood Coal Co.— Called Bonds*,— Nine ($9,000) of this
company's flr8 r consolidated m »rtgage 6 p. o. gold bonds,
dated June 1 1896 due June 1 1911. h+veb-en drawn for payment, viz
Nos. 145. 170, 187, 152. 174 221, 167. 186. 237. and
will he paid at par and interest on Aug. 25 at the New York
Trnpt Co., trustee.— V. 80, p. 1732, 1115.
,

;

;

vllle,

:

Houston (Tex.) Oil Co.— Status.— Jnlius

Ark.; Walter S Bogle, Ohloago, President.

S.

Bache, chair-

of the stockholders' committee, states that 'he receivers
Crown Columbia Palp & Paper Co., San Francisco.— man
are now collecting upwards of $70 0'
a month net for timFront
Street.
will
meet
at
No.
707
shareholders
Bonds. -The

Sbd Francisco, on August 23, to vote on making a bond issue
of $510,030. Ludwig 8ohwabacber, Secretary and Treasurer,
returns without orange the following compiled from statements in the San Francisco newspapers:
The oompany was formed last May with $1,000,000 of authorized
capital stock (In sbates of $100 eaoh),as a consolidation of the Crown
Paper Co. of San Franoi^oo (stook $750, OlO) and the Columbia River
Paper Co. of Oregon City, Ore. The last-named oomp«ny reoentiy
completed a new mill the total oapaolty of its plants being 60 tons of
newspaper daily. Ths Crown company's mill makes wrapping paThe Preddent of the con soil
»r. Its oapsolty being 20 tons dally.
I ared company is 8. D. Rosecbanm of New York and San Franolsoo,
Paper Co. of California,
who is also President of the Florlston Pulp
which mbkee wrapping and tissue paper to the amount of some 3o
Co are looated at La
Paper
of
the
Columbia
tons dally. The mills
Camas and Warrpniale, Ore., and in connection i herewith are owned
25,000 sores of timber land in the eastern part of si ultnomah County.
Tu-> Crown Paper company's mill Is situated at Oregon City, and this
ocmpany also owned timber and water frontage lu the eastern part of
Multnomah County and a bag faotory in San Franolsoo.

&

Cumberland Yalley Telephone C<>. ^ale of Guaranteed
'--.— ^ee United Telephone and Telegraph Co. below.
V. 79,

p. 5:750.

Edison Storage Battery Co.— Offtiial Statement —President Thomas A. Edls n is qaoted as Baying in snbstance
By Ootober my light battery will be ready for the marker, and we
:

shall be ready to equip automobiles of all descriptions. For more
than a year 160 delivery wagons in different parts of the country have
been regularly driven by the new storage batteries. Many of these

wa.ons are operated by an express oompany in Washington, and
reports on their work and of the work performed by suoh vehicles In
other cities show that the cost Is about 58 p. o. of that of horses. In
all, we have mannfaotnred 14,000 of the new storage oelis, and we are
now erecting a faotory at Menlo Park. 600 by 60 feet, and three stories
high, especially for their manufacture.— V. 77, p. 253.

Fall BiTer Electric Light Co.— New Stock— The Massachusetts U-as and Electric Light Commission has authorized
the company to offer $350,000 new stock to its stockholders
See V. 80, p. 2228.
at $130 a share.

Fran< hise Taxation in New York State.— Payments -n
Jiu.e.— Toe collections in Greater New York on account of
assessments and arrears of taxes, assessments and water
rents durirjg the month of JuDe, and also during the year
eLiling June 30 1905, show a great increase over the receipts
for any similar period.
Tue total for June 1905 wa«
$9,252,121, contrasting with $1,593,835 in June 1904 and
with $2 374,507 in June 1903. For the year 1904 05 the
aggregate was $23,578,447, against $14,510,145 in 1908-04 and
Of the total sum collected during the
$16,511,956 in 1901 02.
month of June 1905, about two-thirds was for special franchise tax.
No money waB reoeived duriDg July on ac
count of the special franchise tax, the sales for non payment
having been ad j owned for the summer months; but beginning
with September it is expected that both sales and payments
will be resumed.
table compiled by El ward A. Slattery, Collector of
assessments and arrears, shows the total receipts from the
special franchise tax during the month of June 1905, for the
leading companies, as follows:

A

1900.

$
279 160
Consol. Gas To.. N. Y
Standard (;%•. LightCo.... 8P.879

N

.

Mutual Ga» h. Co...

V.

New Amsterdam (las Co..
New Yi rk Edls-.n To

e 9,498
59.810

K. L..

li.4P.Co.

1902.
$

M}

Island

A

i.r.

»-72

82,714

MMJl

RR

B.R.T. system-.. 145.408
Island 4 B fclvn KR.. 13.532

Total

Brooklyn C. a N. KB
Brooklyn Union Gas Co
'

-•ib-<-.,moHniHs
"I*-'
-

16.370
172,005
]-.' 7H
7,043
J<.0..

A

Bl. I,
P. Co..
-<:
l.l.fo. B'kln.
.

»

lo'al.
t

83,555
B7.049
53,635

1"H,4:<4

....

23,097

..

21.016

22,435

1H.03S
5,932

957

891

88J 66

117,874

25.iio5

2*,>-30

53,194

53,127

12.722
74.217

21,767

23,252

1,4-«.1*6

81S.1M
I,t88.808
."."OS

5.033
111,115
18,288

i74.o«4

201348

176.126

170,852

1*015

11.471
n.44-1
165,022
16 800
7.480

0,404
5,055
180,448

1h,(j31

0,458
«,l»2
I24.mr,
lO.O'O
6.K91
8,631

49,331

43.0^1

4» 81

'

797

rVOiO'O.

,

)

i

Houston Oil Co. are retired, when the entire ownership of the proper y »hall pass to the lessee.
Holders of common stook, it is said, on the payment of $10 a
share, for whloh they wUi be glren an equal amount in income bonds,
would under the plan exchange th^lr stock, share for share, for the
emmon stock of the new oompany, or, wi hout paying any each, exchange each five shares f ;>r ooe share of th* oommoa stook of the new
company. Holders of the preferred Block would exchange at par and
accrued dividends 'or preferred stook in the new oompany by paying
$10 a share, for whloh they would recalve first mortgage bonds, or,
without any cash payment, exchange share for share.
ASSETS OP HOUSTON OIL CO.
<>il

and timber

lanfls (a part in litigation) about
«. d mineral rights (in litigation) about

,

800,000 acres
1«5,0"0 acres

large number
Oi: lease* In the orsicuna "II Held
The lee 'n land in the Nacogdoches oil field..
3,500 acres
Kim-one p <: nf -inline I'umm property. Thlslt-rnpertv embraces,
ac
witb Kev-ral miles of water front in the town of Sabine
Hv?
,
JS.%
$27, "80,000
L'npald balance on tlmoor contract with Kirby Lumber Co. .. .

A

i»,"46

Ill
9.039

31,969
'7,7 6

*&**
J17.400

of which fl, 500. 000 1b 7 p. c. enmmativo bor ds) has taken over the followitg pinrits :
Frarkfort (Ky Chair Co., Southern Varnish Co Kentucky Lumber
Co., Kentucky Chair Co., Ford, ie Johnson, Chicago; Western Chair
(r

5,000,(00
20,000.000
Th« Dew company is to acquire the treasury assets of the Houston
Oil Co., suKjeot to the lien of the [$6,785,000] timber oertlfloates
(V. 7\ p. 139). and will also secure a lease and onn^raet to pnrohase
a-1 the oil and minerals on the lands of the Houston Oil Co. and the
Kirby Lumber Co., subject to a royalty of 10 p. o on those produots
r-'duoed. until the timber certificates and preferred stook of the

ADDITIONAL PHOPEBTV WHICH COMPANY OWNS OB HAS THK HIGHT
TO ACQUIBB.
Timber certificates
'22q'SS2
«"-*"°

1'52

Ford a J. hogon Co. (Chairs), Cincinnati.— Oonaolidation,
This eomp»nv, incorporated under the 1>»W8 of Ohio on Jane
17, wit-

1,99-*, 176

Common stock

amount

71, o

I.

$1,500,000
2,000,000

267, VB

8*1

90, p. -i.>;n.

preft-rre ri

Authorised. For assets, etc

mortgage and collateral trust 5 p. o. 10year gold l»onds, surjsot to call at 105
$1,500/03
Oollatpral trust and income 20- year gold bds. 2,*0<\000
Preferred 6 p. o. cumulative stock
12,000.000
First

Original am ant $30.8 a",000, on which |3,' 00,000 has been paid, the whole
;(5,000,000 feet of timber 12 inches in diameter and upward,
estimated In I'.'Ol ;,- owned by the Houst' n Oil Company, but, the contract
is up lo */MO,000.000 feet, or $;i8,25",0
in cash.

2ft.

Hill
....

i0,817

underlying Hens
Mr. Bacoe adds that the company, In addition to its oil
interests, "owns probably the largest virgin field of yellow
pine timber in the United States, and its value is constantly
'ncreaslng, the demand for lumber at this time being very
large." The claim of the Kirby Lnmber Co against the
Houston Oil Co., amountirg to a large sam, is being contested in the United States Court at Houston, but Mr Bache
and the couosel of the committee do not believe that the
claim has any validity whatsoever, or that it is serious,
thongb naturally it delays matters somewhat.
Rco rganizati n Plan.— The plan of reorganization will
probably be published soon after the determination of
the exact amonnt of the floating indebtedness, which is to be
paid in full with interest. All creditors have been notified
to prove up their claims previous to Aug. 27th.
The plan as approved by Judge D ohler at Baltimore on
Jane 30 provides [subject to modification] for the formation
•f a new corporation called
the Southwestern Development
Co,, with the following capitalization, of which the amounts
shown in the second column are to be used to acquire the
assets and lease below described and (as to first mortgage
bonds) toward payment of floating debt of about $2f,ono.000:

<

2.583

50.KI

of which committee George
jointly taken receivers' certifirateu in order to enable the receivers to take up all suoh

OH

817

751

424

7.4->0

nmn»r certificates committee,
W. Young is Chairman, have

37,o~0

106,400
18.898
44,im1
631

17).--16.168
7.0J3

BOH.OH6
11X.44S
174,1«8
3,77-!

....

18 H2
8.790
40,360

.

Kioca Co.

1901.

I

6Pf,8-0

T .tal Conjol. Ga« Co....53G.!'48 Cbl.lUS 2^3,0^1
Me' ropoluan Street Ky
81M62
Manhattan Uailwny
6e4,78J 629,208 594,306
Brooklyn Kapid Trar
Br<>oklvn Height! UK
7.40
7,593

OMiiityHK
Ujn Q. '..V ». RR
HaMtU Klectric lilt

1903.

174,1"S

N.Y.Gas.EI. U.H.&P.Co. 3,772
L'nlted Klec. I,t. A P. Co
Brush Kiec. Ilium. ( o
Conn. Tel. * hi. Sub. Co.. 33,857

Ams'dam

1901.
*

407 720

ber cut, or between $800,000 and $900,000 a vear; that the
mortgage debt, whi^h is known as the
Kirby Lnmber Company timber certificates", amounts to
about $400,000 a year, which leaves ov*r $400,^00 to apply on
the principal of the mortgage debt. Daring the pa»t year,
not only has the interest been paid on the mortgage debt, but
v«-ry substantial payments have been made on th« principal.
On a number of rccaf-ions it has been necessary to advance
fnuds to the receivers to meet the interest on the timber certificates and accruing instalments of principal before the
name could be collected in due course, and in everv such instance the stockholders' committee baa advanced the money
"which has been and is being promptly repaid " During the
receivership there has been no increase in the floating debt.
There was a comparatively small amount of underlying liens
upon the property, and the stockholders' committee, and the
interest on the entire

c-.

i

Preferred stook
HigglDS Oil <fe Fuel Company's stock
Southwestern Oil Oompany's stock

,

'hni'
v<Tr»
jud.^u
by
formed
An underwriting syndicate has been or is beiDg
of
St.
Co.
&
Whitak^r
J 8. Bache & Co. of New Y^rk and
L^uis to furnish whatever cash is n»e'id and not supplied
o.nd«-r the exchange plan.— V. 80, p. 23 3.
Hudson Valley BrewerieB Co.— Mortgage.— This com-

pany, recently incorporated with ffino.OOO e'ock, to take over
Albany and Troy breweries, has made a mor'gag« to
trie Knickerbocker Trust Co., trustee, to secure an lstue of
several

THE CHRONICLE.

5G2
$7,500,000 of 6 p.

c.

50-year gold bonds.

Directors:

Gustave

M. Fauser, Naw York; William Braoken, New York, and
James E. Carhart, Albany.
Ingersoll-Band Co.— Financing Consolidition.—The sharetL»e Ingersoll-Sergeant Drill Co. (the English company) met in London on July 16 and ratifipd the proposition
to sell the property to the new Ingereoll-Rand Co.
The financing of the consolidation is in the hands of W. R.
Grace & Co., New York, and Grace Bros. & Co., Limited,
London, who have agreed
(a) To take unci) of the bonds of the new company as would acorne
to the Rand Drill Company's shareholders, and so provide the cash they
might require; (b) to advance suoh cash as tbe new oompany needs
for organization
C) to redeem the £250.000 debentures of the

holders of

:

[Vol.'

lxxxl

Kansas, and Dallas, Texas. Slnoe beginning operations in 1930 has
Increased the value of its permanent assets over $500,000, has regularly paid 7 p. o on Its preferred and 4 p. o. on its common s:ook, besides setting aside a large surplus for retirement of preferred stock,
which, when done, must be at a premium of 10 p. o. above par. Operates with natural gas for fuel at low cost.— V. 78, p. 1277.

Kenton Gas & Electric Co.— Change in Control.—The
"Toledo Blaie" of July 14 said:
The ofllolal transfer of the control of ths oompany to the Ksrlln Bros,
of this city was made yesterday, the consideration paid by tie local
oompany being $128,000. The present capitalization Is $200,000.
Bonds will be Issued to the amount of $160,000, which sum the new

owners

will

expend

in

improving the plant.— V. 72,

p.

875.

Kingston Lumber Co. of Laurel, Miss.— Bondi Offered.—
The Interstate Trust & Banking Co. of New Orleans, the
Ingers ll-8»rgeant Drill Oo. outstanding at 105, In aooordanoe with trustee, is offering for sale $100,030 of this company'e present
the trust deed [the new oompany has the right to have the debentures
redeemed not later than J nne 30 of next year]; (d) to prooure and issue of $200,000 1st mortgage 6 p. c. gold bonds, denominasell to tbe new company (the Ingersoll-Rand Oo.) at least two thirds of
tion $1,000 each. Dated May 1 1905, due in series of $7,00 D
the shares of the Ingersoll-Sergeant Drill Co. and the Rand Drill Oo. every six months beginning Nov. 1 1905.
Interest payable
and to offer the remaining shareholders exactly the same price as paid
May 1 and Nov. 1 at offioe of trustee. Advertisement says:
for the two-thirds interest.
;

&

to be paid to W. R. Grace
Co. to cover
the purchase of all the assets of both companies is $9 500,000, made np as follows : $3,000,000 of 5 p. c. bonds (f 3,000,000 authorized), $4,500,000 of 6 p. c. cumulative preferred
shares ($5,000,030 authorized) and $3,000,000 of ordinary
shares ($5,000,000 authorized). This amount represents the
actual value of the assets of the two companies, as reported
by the treasurers, and since justified by the following inde-

The price agreed

pendent appraisements
Ingersoll-Sergeant Oo. Valuations.
Philllpsburg plant
$1,191,356
Lopatoong Water Co...
148.128
Easton plant
373,782
Philllpsburg and Easton
machinery and Inventory (31- 2 '04)
4,388,891

Band Drill

Oo.

Valuations.

Tarrytown plant

$168,061
Painted Post
63,382
Tarrytown,
Painted
Post, Ossloing Foundry and Freeland Tool
Works machinery and
Ninth-avenue property
250,000
inventory
1,571,671
Cash
55,000 Cash
20,000
Bills and aooounts colBills and aooounts collectible
lectible
989,000
601,000
Uoited States bonds
4,472
$7,396,157 693 shares Rand Drill
Less accounts and bills
Co. stock
103,950
payable
251,000
$2,432,736
Less aooounts payable.
86,187
Total Rand Drill Oo.
values
$2,346,549
$9,491,706
Within the past eight years the works of the IngersollSergeant Drill Co. have "first been doubled, and then doubled
again, and shareholders had had their 10 p. c. dividend steadTotal Ingers oil - Sergeant Drill Co
$7,145,157
Grand total both companies

ily paid."

The stock of the In gersoll- Sergeant Co.

taken over on the
following basis: (a) Every holder of a preferred share (par£l)
to receive $7 50 of 6 p. o. preferred stock of tbe new company; (b) Every holder of an ordinary share (par £ I) to get
$10 in preferred stock and $10 in common stock of the new
company. The outstanding share capital of the English
is

company is exactly £300,000 common and £150,000 preferred,
of which to July 16 the holders of 133,045 preferred shares
and 141,710 ordinary shares— in all approximately 80 p.
had accepted the plan of merger.

c—

Rand stockholders get for every $100 share: $41 33 in bonds;
$86 08 in preferred stock; $60 75 in common stock.
The new company takes over the running business of
both companies as from Jan. 1 of this year and receives
liquid assets representing in cash and collectible accounts
$1,673,422, less substantially only the dividend of 6 p. c. paid
to the Rand Cjmpany's shareholders and of 5 p. c. paid to
the ordinary shareholders, and 8 p. o. paid to the preferred
shareholders of the Ingersoll-Sergeant Drill Co. Dividends
on the preferred of the new oompany aocrue as from July 1,
the first dividend becoming payable on Jan. 1 next. The
ordinary shareholders of the Ingersoll-Sergeant Drill Co.
will not receive their usual interim dividend generally paid
in October; but in lieu thereof they will receive 3 p. c. on
$10 preference shares on Jan, 1, which will be in place of
the October interim dividend, and their new ordinary shares,
it is asserted, "will oertainly be earning a dividend from
Jan. 1 1906.
Messrs. Price, Waterhouse
Co. have examined the Rind
Company's books, and report the average yearly earnings
during the past four years as over $159,000 a year. The earnings of both companies, with the eoonomles that will be effected through this combination, oan, according to Mr. M, P.
Grace, "be fairly estimated at not leas than £130,000 a year,"
the managers estimating a saving in administration of the
selliog agencies alone of fally £40,C00 a year.
The factories,
it is stated, are "running full," and the management has juet
acqntred the exclusive right to manufacture the successf al

&

Secured by first mortgage upon 162,585,000 fee of yellow pine
timber In Southern Mississippi, worth from $ J to $3 per 1,000 feet.
The bond issue amounts to $i 25 in bonds against eaoh 1,000 feet of
timber, so that the value of the timber alone Is twlca the mortgaee
debt, not inolultng the saw-mill, logging equipment and railroad,
which are also covered by the mortgage. Payment of bonds is guaranteed unconditionally, both as to principal and interest, by Alexander MoDonald, of Cincinnati, who was formerly a Vice-President of
the Standard Oil Co. The mortgage requires the deposit with the
trustee of $l 50 for eaoh 1,000 feet of timber out as a sinking fund for
the retirement of the bonds and coupons as they mature.
1

;

A new management came into control on Mar. 31 19)5, the
following officers being elected: E. K. Stalin, President; F.
W. Pettibone, Vice-Pres. and Treas.; A. F. Harrington, Sec.
Klotg Throwing Co., Fredericksburg, Md. (Silk Manufacturers).— Mortgage.— This company recently filed a first
consolidated mortgage with the Knickerbocker Trust Co. of
New York as trustee to secure $460,000 5 p. c. 25-year gold
bonds, of which the present issue is $110,000.
The bonds are dated March 1 1905 and are due Maroh 1 1930, but are subject
to call 123,000 annually from March 1 1910 at par and Interest denomination,
Of
tl.nou; interest payable Sect, l and March 1 at office of the trustee.
the total Issue. $<m>,000 are reserved to retire a like amount of first morteaae
6s dated Dec. 1 '900 and due Dec. 1 19*0. but subject to call on Dec. t 1W10. The
mortgage covers all the company's properties and mills located at Carbondale,
Scranton and Archbald, Penna.; Fredericksburg. Va„ and Cumberland, lid.
All these proDerties -re owoed in fee, Tbe company was organized under the
laws of New Jersey In October 1895. Authorized capital stock. $i.0u0,' Ou common and $500,OuO preferred n p c. cumulative (par of shares |10J); outstanding, all tbe common and $38",000 preferred. Dividends are paid annually.
Dividend rate for year 1»04, 8 p. c; last dividend paid April 1. Officers: H. D.
Klots, President: W.C.Stearns 1st Vice-Prest.; J. H. Britton 2d Vice-Prest.;
George Klots, Treasurer; Marcus Frleder, Secretary. New York agents, Klots
Brothers, 487 Broadway.
;

La Belle Iron Works.—New Plant in Operation.—This
company last week placed its new 84-in, plate mill in operation.

See V.

80, p. 1365.

Lake Superior Corpttration.—Status.— Francis

P. Reeves,
President of the Glrard National B *nk, one of the Philadelphia directors, is quoted by the Philadelphia News Bareau:
Enough is known to enable the Oeneral Manager to report that the
net earnings have been sufflalent to pay the year's fixed oharges and
leave a moderate surplus. la view of the fact that the operations of
the corporation for the first four months of its flsoal year were pracbecause of the extraordinary conditions confronting the
after its reorganization, normal operations being therefore
oonfined to eight months, this result is considered eminently satisfactory. Under present conditions, with the principal industries In full
operation anl the product of the steel-rail ml Us sold ahead np to the

tically nil,

company

of the current calendar year on favorable terms, it would seem
that the holders of the bonds and stock of the corporation need entertain no apprehension in regard to its future success.

end

The place of N. W. Rowell as director has been filled by
the election of Mayor Piummer of Sault Ste. M*rie on the
nomination of the Canadian Government.—V. to, p, 2317,

—

Lancaster Water Filtration Company of Philadelphia
Mortgage.—This company has made a mortgage to the West
End Trast Co, of Philadelphia, as trustee, to secure an i3sue
The mortgage covers, together with other
of $250,0C0 bonds.
property, the assignment of contract from the Pennsylvania

Maignen Filtration Co. to build Lancaster's filtration
The new company has $=5,030 capital, M. P. Qiinn is

plant.
Presi-

dent and Clarence B. Kugler, Secretary.

Marconi Wirwless Telegraph Co. of Can ad a. -St ock Offered— F. P. Ward & Co. are offering a blocK of this company's capital stock at $4 per share, par, $5, Total issue,
§5,000,000, "full paid and non -assessable." No bonds and no
preferred stock.— V. 80, p. 1482.

Massachusetts Gas Companies.— Modid id Contracts Approved.—The Massachusetts Gas & Electric Light Commission on Aug 1 approved the contracts of this company's subsidiary, the Bostoa Consolidated Gas Co., viz as amended
(1) to supply the Waltham Ga3 Light Co. with 9,C0D,000
cubic feet of gas a month, to be delivered in the latter's
holder at 40 cents (not 43 cents as first proposed) per 1,000
cubic feet, and (2) to buy from the allied New E jglaud Gas
Coke Co. 3,500,000 cubic feet of 18-candle-power unpurified
gas daily at 23 cen's per 1,000 feet. All of the stock of the
,

" Temple" pneumatic electric drill.
The new bonds ($3,000,000 authorized) are 5 p. c. gold, de &
nomination $500 and $1,000, due Dec. 31 1935, but subject to
call at company's option after Dec. 31 1910 at 105 and inter- Waltham Gas Light Co. is owned by the Bjston Suburban
est; interest pavable Jao. 1 and July 1; trustee, New York Electric Companies
V. 81. p. 268, 215.
Trust Co. W. R Grace & Co. have agreed to deliver the
Mexican Galf Coal & Transportation Co.-Sale.— At the
$2,000,000 bonds by Oct. 31 1906. Cjmpare V. 81, p. 34,
foreclosure sale the property, including, it 1s said, sevIcgersoll Sergeant Drill Co.— See Ingersoll-R md Co. eral large mines and 60 coke ovens at or near Howe, I, T,,
above.— V. 81, p. 34.
and 200 coke ovens at Alderson, I. T,, was acquired, it is
lo!a(Kan.) Portland Cement Co.— Stock Offered— A. G stated, for $80,000 by the D>gnan & McConueli Coal Co., reThe
Lund, 70 State St., Boston, recently offered at par (f2> per cently incorporated with a capital stock of $20 »,0
sale was made in foreclosure of a $200,000 mortgage, under
share) a small block of the preferred stock, saying:
which the Provident Savings Bank & Trust Co. of CincinCapitalization, $ ,500.000 preferred and $3,000,000 common stock

—

i

Oapaoity over 1,000,000 barrels annually. Operating plants at lola,

nati

was trustee.— V.

81, p. 35.

—
Aug.

THE CHRONICLE.

5 1905.|

National Foldii g Box & Paper Co.— Mortgage— A inortgage has beer, filed with the Empire Trust Co. of New York,
trustee, covering the entire property, to secure an Issue of
bonds, dated Jnne 1 1905, doe June 1
f-3 0,000 5 p. c. gold
1925, but subj-ot to call at company's option on Jnne 1, 1915;
interest paj^ble Dec. 1 and June 1; denomination, if 1,000
and $R00. President, D. S.Walton; Vice-Pres. and Spitptnry, T. L Cornell, New Haven. Conn.; Treasurer, D. S.
Walton Jr. The company is a New Jersey Corporation,
wih |760, 000 of t-utnorlzed capital stock, having mills at
Bfllston Spa, N. Y., and factories: No. 1, Shelton, Conn.;
Nrs. S and ?, N<-w Haven, Corn. An officer writes:
This mortgage was plaoed for the purpose of building a large f ao-

tory. covering an entire block, in the olty of New Haven. Onr buxl
ness hart grr wo so. and our taotorlaa having br-en at a distance from
each other. It was fonnrt i ecesr-ary to concentrate, savin* a large expense not only In pay-rolls but also In the expense account of running
the business, a saving which is estimated at rrom $3o,o<o ro S^O.noo
per year. The faotory is bounded In the olty of New Haven by Main.
Jan «-s and Alton streets, and on the north by the old 8hore Line of
the N. Y. N. H. A H. RR. Co.. thus giving us railroad facilities. As
above, we cover ibe entire block, and expeottomove In by the ttrst of
November at the latest. Oar company Is a dlvl tendpaying company.
We Kive no notes for anything purchased, and our business Is Increasing all the time.

Natioiml Lead Co.— Ir, create of Stock.— The company has
Trenton. N. J., 8 certificate of increase of oanital

filed at

fnm

$3l\roO,0CO to |50,0H0 000, of which $25,000,000
stcck
to b»- preierred 7 p. c. ctimulative and $25,000,000 common.

See V.

is

81, p. 85.

National Portland Cement Co.-Sale.— At the Sheriff's
at Easton, Pa., on Jaly 29 the plant, which has never
been operated, was bid in by A. F. Grerstell, Vioe-Presifiett
of the Alpha Portland Cement Co. and President of the Marsale

tin's Street
bonds, etc.,

Cement

Co., for $50,000, subject,

it

is

said, to

aggregating $1,400,957. A settlement was previously reached with George Barrie (who brought the injnr ticn proceedings) through purchase of his $41,000 bonds.
Moi-t of the securities, it is said, are now owned by persons
idertin'ed with the Alpha Portland Cement Co. (see that
corrpany below).—V. 80, p. 2625.
(

New

Milf«rd (Conn.) Power Co.— Ntto Mortgage.—-The
Connecticut Legislature has authorized this company to make
a new mortgage to secure $2,000,0C0 bonds, of which $1,000,000 will be reserved to refund the present outstanding iesue
and tbe remainder to cover the cost of improvements and adfurther empowers the company to sell or
property and franchises and also to acquire or lease
the property of any other electric-light, power or street railway corporation.— V. 80, p. 119.

The

dition s.
lease its

,

bill

563

Estimate for 1005: Oross earnings. $49,000; net, $44,000; interest on
bon'ls, $15,000; surplus applicable for dividends or extensions, $29,OOO. The new reservoir and pipe line, (not In operation last year) will
enable the oompany to snpply a (arte existing demand. Property Includes: Watershed comprising 8.600 acres of timbered land, and all
water iltihts for all time; two Impounding reservoirs In Sogarlte
Oanon,7 miles from Raton, with oapaclty of 85. OOO, 000 gallons of fine
mountain sprint; wither; seven miles of 1'2-lncli pipe ltne, dally
capaolty 1,T»0,0 O gallons, more than double the present amount
used; eqiallzlog reservoir, street mains, hydrants, etc

San Francisco Breweries Co.— Payment of Arrears of
Dividend,
A divld-nd of 4 p. c. has been declared on tbe
preference st^ek, payable Sept. 1. Also, in accordance with a
resolution of the directors, the shareholders were to vote on
July 28 on a proposition authorizing the payment on Sept. 1
of the balance of arrears of the preference dividend (3s, 2 2-5d.
per share) by the distribution of £5 040 in cash and £15,120
m 6 p. c. income bonds, redeemable by five annual payments.
It is proposed in future to set aside, after payment of the
preference dividend, 10 or 15 p. c. of the total annual profits
for the purchase of debentures.
For the year ending Apr.
1905 tbe report, it is stated, shows :
Sale of beer, 231,431 barrels, as oompared with 231,142 barrels sold
last year, an Increase of 289 barrels. The net profit, aft* r making all
neoessary reserves for bad and doubtful debts, agency properties,
etc but without making any further provision towards the new
brewhotise, is 427. M 6.
Including £4,302 brought forward, the
profits amount to £31,818. From this there was paid on iMarch 1 an
Interim dtvldend of 4 p. o. on preferenoe shares. £\040, and tho directors now reoommend a further preference dividend of 4 p. o. (making 8 p. c. for the year), £5,040.-V. 69, p. 757.

—

Santa Crnz Portland Cement Co.— Bonds.— This company,
incorporated in California on June 27 1905 with $5,000,000 of
authorized capital stock, in shares of $100 each, has called a
meeting of its shareholders for Aug. 31 at the Crocker BuildThe
ing, San Francisco, to vote on issuing $2,000,000 bonds.
company was promoted by Dr. Irving A, Bacbman of the
Standard Portland Cement Co., and will build a cement
plant on San Vincente Creek, 12 miles from Santa Cruz.
Directors: W. C. Webb. Edwin Schwab, W. S. Diwninsr, W.
N. Hohfeld and A. F. Morrison, all of San Francisco. Frank
A. Losh is Secretary. Office, San Francisco.
Snreveport Brewery.— Mortgage,— A mortgage has been
the People's Bank of Mobile, ss trustee, to secure an
issue of $125,000 bonds, denomination) $1,000 and $500 each,
due in thirty years from June 1 19C5.
filed to

s lire report (La.) Gas, Electric Light & Power Co.— New
filed a mortgage to the American Trust & Savings Bank of Chicago, as trustee, to secure
$1,000,000 consolidated mortgage 5 p. c. gold bonds, of which
$500,000 are reserved to retire at or before maturity a like
amount of 5 p. c. botds authorized in 1902.— See V. 76, p. 162.

Mortcage.—Th\8 oompany has

North American Biscuit Co., Chicago.— New Stock.— This
Jeraty corporation (oommonly known as the LooseStandard Telephone & Telegraph Co Doylf stown, Pa.—
Wiles Co.) has called a meeting of its shareholders for Aug. Sole August 12,— This company's property will be offered for
15 to increase the capital stock from $1,500,000 preferred and sale at auction at the Bucks County Trust Co. on Aug. 12.
$3,0C0,000 oommon to $3,000,000 preferred and $6,COO,000 under order of the Court of Common Pleas of Bnoks County.

New

,

common.

-V.

79, p. 631.

^orth Ame ican Co.— Bonds of Subsidiary.— See West
Street Car Builders Consolidation.— Proposed Plan.— A.
Kentucky Coal Co., below.— V. 81, p. 35.
plan has been formulated for the consolidation of the leading
Ogilvle Flour Mills Co., Limited.— Istue of Prefernd street car builders of the United States, namely:
Stock.- Tbe new issue of preferred stock, being the balance J. G. Brill Co.. Philadel. (V. 80, 713),
John J. Cnmrulngs Car Co.. Paris, III.,
of the |400,COO remaining in the treasury,

it

is

announced,

has all been taken up by the shareholders to whom it was
offered the subscriptions being payable $25 a share on Jaly
27, $25 on Aug. 27, and the last pajment of $50 a share on
8epr. 27.— V. 81, p. 85.

Ohio Fuel Supply Co.- New Sto:k.— The shareholders will
meet in Columbus, O on Sept. 5, to vote on a proposition to
increase the capital stock from $4,000,000 to $8,OCO,000. Toe
increase, it is said, will be used in extending the mains of the
company to Cincinnati and vicinity and also to purchase
seme additional gas properties.— V. 80, p. 1061.
,

Omuha(Neb.) Water Co.— Injwncti on Denied.— Judge MonUnited States Circuit Court at Omaha on July 28.
denied the application of the company for a temporary injunction to reetrain the City Water Board from enforcing an
order reducing oerrain meter rates below the maximum prescribed in a certain ordinance of the city of Om^ha paea^d
Jnne 11 1880- namely from 35 to 25 cents per 1,030 gallons
for small consumers. The new rates affect meters only, and
a minimum, of CO cents a month is established. One of the
attorneys for the water oorupauy is quoted as saying:
" There is no appeal from Jadge Monger's decision."— V. 76,
ger, in the

p. 1411.

Rand
Raton

Co.,

KUzabeth,

N.J. (V. 80. p. ^lfl).
Laclede Csr Co.. St. Louis.
Malleable Casting Co., St. Louis,
Ameri'n Car Co., St. L. (V. 75. p. 1356),
Cincinnati Car Co.. Cincinnati,
St. I.OUls

Car Co.,

Wason Mfg.

St. L. V. ho. p. 189),
Co.. Springfield.
iss..

Osgood Bradley

(

&

M

Sons, Worcester,

Jewett. Cur C".. Newark, Ohio
J. M. Jrnea Sons, Agents, Troy, N. T.,
Laconla Car Co.. l.aconia, N.

H

.

McGuIre Cummings Mfg. Co Chicago,
Pecsham Mfg. Co., Klrgstrn. N. Y
,

>Niles Car
p. 018),

Mfg. Co., Nlles. Ohio, (V.

76,

Journal Bearing Co., St. Louis.
Easy Access Door Co., Boston.

Mass,,

According to the plan as now contemplated, it is proposed
to capitalize the consolidated company as follows:
First mort. and coll. trust s. t gold 5 p. o. bonds, authorized issue
$13,000,000
Of which present Issue
$11,000,000
Reserved for future improvements and
acquisitions
2,000,000
Preferred stock, 6 p. o. cumulative
IB, 500.000
Common stook
27.50O.CO0
..
Note— The syndicate below referred to as in process of formation will, it Is stated, If ths present plan Is consummated provide
$15,400,000 oash and receive therefor: 5 p. o. bonds. $8,6ro,0O' preferred stock, $10, 00,000; common sto?k. *6,30O,n00. Participants
in the syndloate for each $100, COO In oash will receive approx'mately:
Bonds, $56,1»5; pref. stock, $66,883, oommon stock, $40,909 The
plant owners have agreed to accept a large part of the purchase price
In oommon and preferred stook.
.

;

The average annual net earnings for recent years of the
companies above named are stated as fl 233,391, and last
year's earnings as $1,8£1,710.
It is estimated that the
for the first year will earn net about $2,400,000.

new

company
Drill Co.-Consoi'cZa//o?i.— See Icgersoll-Rand Co.

above.— V.

81, p. 36.

(N.

&

& Co. of New York are the manawhich is underwriting the consolidation
under an agreement dated July 24, and runniDg until Aug. 1
1»06, but subject to exteneion to Aug. 1 1907 at tbe option of
Kean, Van Cortlandt

gers of a syndicate

M.) Water Works Co.- Bonds, Etc.— E. D.
C>.,
York, hnve b<en placing at 98 and interest $300,000 5 p. c.*first mortgage bonds, dated Feb. 1 19(5,
due in 30 years from date, redeemable at 105 after 15 \eirs;
interest Feb. 1 and Aog. 1 a-, Manhattan Trust Co.,
Y.
Capital stock, $310,000; bonded debt, authorized, $3*0,000
of which ist-ned for extensions, $100, 000
remainder, $300,.
(00, iesned to retire first 6s called.for redemption Mar. 1 1905.
This pl»nt has been in operation for some 13 years, and trie
company haB always met Its obligations.
circular says:
The cctnpany owns all the water available or of suitable quantity
cr quality to tnpply this growing seotlon. ai d also owns the land surrounding the eoorce of supply. The. well warer found at Baton is
alkaline and ui fit for manufacturing or private uses. The business la
th'ref ore a monopoly
Being a gravity system the expense of operation Is small. Net earnings for year ending May 1 1905 $31. ISP.

Shepard

John Stephenson Car

New

N

;

'

'

A

A considerable amount of the underwriting,
understood, is being taken abroad
The underwriting,
it is said, must be completed by Aug. 15.
Q. Martin Brill, President of the J. G. Brill Co., is quoted
as expressing his willingness to accept the presidency of the
oompany as desired, provided certain conditions are complied with.
The new company, it is said, will begin business with qniok assets consisting of cash, accounts receivable, raw materials and cars, etc., in process of construction,
of the value of about $6,400,000.
The production of the oonnoHdated plants is estimated at about $15,000,000, on which
a savin*? of 10 p. c, or $1,500,0C0, It is thought should be
made by the reduction of expenses. A number of the plants
the managers.
it is

THK CHRONICLE.

504

are equipped for turning cut freight care. The promoters of
the coneolidation are Eiward Harrison Power and William
T. Van Brunt.

Tribune Association, New York.— Mortgage,— A mort-

gage has been mada to the Metropolitan Trust Co.. N^w
York, covering the properties No. 154 to 158 Naseau St., No.
164 Nassau St., Nob. 5 ai.d 9 Frankfort St,, also leasehold
property at No. 7 Frankfort St., to secure an issue of $1,500,000 of 5

p.

c 40-year full registered gold bonds.

association i«i organized under the laws of New York, its oapital
belDK at last accounts $20 .000. The bonds are dated May 23 i905
and due July 1 1945. but subject to call at any time on 30 days' notioe
at 105 and interest and, beginning July 1 1915, on any interest day,
neon 6 months' notice, at par and interest. Denomination. $l,00o.
Int. payable quarterly Oct l at office oi association, No. 154 Nassau 8t.

The

&

Union Bug & Paper Co.— Bonds Offered.— Harvey Fisk
Sons, having purchased the present issue, $2, 200, 000, of the
first mortgage 5 p. c. gold bonds and haviog sold a large
amount of them, are offering the remainder at 9834 and interest bv advertisement on another page.
See V. 80, p. 2402,
and V.

[Vol. lxxii.

Co. (V. 81, p. 289,) has made a mortgage to that
$3,000,000, dated June 29 1905.— V. 81, p. 269.

company

for

United Telepho ie & Telegraph Co. of Pennsylvania.—
ndi Offered. -H P. Taylor & Co. of Pittsburgh art) offering (i) at 95 and interest $250,000 of this company's ou standiug ($l,7(6,0n.) first mortgage 5 p. c. 30-year gold bonds of
1901 (aee V. 78, p. 829 ) and (2) at 97}^ and interest $250,000
bonds of the Comberland Valley Telephone Co., principal
and interest guaranteed by the United Telephone & Telegraph Co., of which $1,199, COO have been issued (see V. 79,
p. 2752).
The combined statement of earnings for the constituent companies for the four months ending April 30 1805

B

f

show:

Gross, $160 196; net, $76,5*>5: fixed charges, f 53,635;
balance, surplus, $22,920. See V. 80, p. 1427.

Utah Copper Co. New Bond*—The directors, subject
to tbe approval of the shareholders, have autioriz-td an
insue of $3,000,000 bonds to cover the cost of building a new
smelter and a railroad between the plant and the mines See
American Smelting
fining Co. above.— V. 79, p. 906.

&R

81, p. 269.

Wallharn (Mas*, Gas Light Co.— Contract,— See MassaGis Companies above.— V. 73, p. 856.
j

Union Oil Company, California.— Holding Companies.—
See Uoion Provident (Jo. below and Uaited Petroleum Co. on

chusetts

West Kentucky Coal Co.— New Bonds.— This company,
whose stock is owned by the North American Co., will issue
Report.— See page 557 of this issue.
$2,000,0 )0 25-year 5 p. c. first mortgage bonds, covering the
Acquisition?.— Tbe company, it is announced, has purchased property recently acquired and referred to at length in the
a controlling interest in the California Coast Oil Co. for a annual report of the North American Co. See V. 80, p. 2826.
sum stated to be over $100,OCO.— V. 80, p. 655.
This snbtidiary company will give the North American Co.
Union Provident Co., California.- Holding Company.— an assured and economical coal supply for its St. Louis gas
and steeet railway properties. Tne authorized issue of the
A press dispatch from Los Angeles on June 21 1905 said:

page

557.

holding company to take over a majority of the stock of the Union
Oil Co. and to carry out the purposes of that corporation has been
Incorporated under the name of the Union Provident Co. The directors, all of whom are heavily interested in the Union Oil Co., are: Lyman Stewart, W. T. Botsford, Frederick H. Rindge, Giles Kellogg and
Hughes of Los Angeles and J. 8. Torrance of Pasadena. The
W.
oapital stock ls$5,000,OuO, with $202,000 subscribed. The new company will seek to acquire at least 50,000 shares of Union Oil stock,
which Is a majority at par value.

bonds is $5,090,000, but only $2,000,000 will be required for
the present acquisition. The North Amarican does not guarantee the bonds. V. 81, p. 36.

This company's $5,0<»0.000 preferred stock has been listed on
the Boston Stock Exchange. The preferred stock is entitled to 6 p. c. cumulative dividends, and may be retired on
any dividend day at $125 upon three months' notice.— V. 81,

ers, it

A

—

West San Pablo Land & Water Co.— Mortgage —This
G
company has filed a mortgage at Mirtineze, Cal., to tne Union
Trust Co., of San Francisco, as trustee, covering, It is said,
72 72 acres to secure an issue of $300,000 bonds. The company
Compare reports of Union Oil Co. and United Petroleum was incorporated in 1904. The President is RibertS. Brown,
President of* the Wiokersham Banking Co. of Petaluma.
Co. on page 557.
Wheeling Roofing & Cornice Co.— Bonis.— The stockholdUnited Copper Co.— Preferred Stcck Listed in Boston.—

p. 216, 36.

ia stated, have authorizsd the issuance of f 100,000
bonds to improve the company's plant at Stee'ton,

The company was incorporated in 1900 with $50,001 capital stock, which in
1908 had bee'i increased to!$li!3,000, of which $7,000 was preferred. On Sept. I
19J3 it was voted to increase the capital stock to $200, 00. The company's
plant is at New Martiosvllle, W. Va. President, A. W. Gnmu: Secretary and
Treasurer, G. C. Jansen. Office, Chapline St.. Wneeling, W. Va.

—

Zoltner Brewing Co. —Mortgage. This company has made
United Iilnm'nating Co. of Maine.— Status of Company.
company was incorporated in Maine Nov. la 1904 a mortgage to the Manhattan Trust Co., trustee, covering
with $1,000,000 of authorized capital stock, of which $510,000 property on 170th St., north side, 100 feet east of Third Av.
was 6 p. c. cumulative preferred (par of shares $100), and (dimensions, 280ft.xl89x282xl87), to secure an issue of $250,acquired nearly all of the $145,000 common stock and $73,200 000 6 p. c. bonds, dated May 1 1995 and due May 1 1930, eubpreferred stock of the following companies, whose bonded j ct to prior mortgage of $70,000.- -V. 79, p. 23' 0.

—This

debt aggregates $74,500, issuing for that purpose its present
capital, viz,: $133,500 common and $77,600 preferred stock
Eastport (Me ) Electric Light Co.
Farmington (Me.) Electric Co.
Belfast (Me.) Gas <fc Electric Co.
Fort Fairfield (Me.) Electric Co.
Windsor (Vt.) Gas Co.
N. Curtis Fletcher & Co., Boston and Providence, who offered the preferred shares at par, said :
Provision has been made in the present issue to complete the purchase of the few remaining eh ires of the subsidiary companies which
are now outstanding. The United Illuminating Co. guarantees the
bonds of the subsidiary companies, both principal and interest. The
gross earnings of the combined companies are $13,58*; net earnings
of the combined companies are $13,649; interest on the bonos amounts
to $3,725; earnings applicable to dividends are $3,924. The population served is 19,441. The property of the companies is valued at
$29 2,700. The stock remaining in the treasury of the United Illuminating Co. is for the purchase of additional properties as rapidly as de-

Fisk & Sons have purchased $2,2^0 000 of the
mortgage 5 per cent gold bonds of th*> Union Bag &
Paper Co., and, having sold a large amount of them, offer the
remainder at 98}^ and accrued interest from July 1. The
total amount of tuese bonds authorized is $0,000,100. and the
amount taken by the bankers is the total amount issued.
Tne bonds mature in 1930 and aresubjoctto redemption at
The net earn105 per cent and interest on any coupon date.
ings of the oompany for the Is a*; six years have averaged, it

—Harvey

first

aanum.

See advertisement
page 269.
— Messrs. Crane, Parris & Co bankers, of Washington,
D C. have compiled a booklet containing a select list of marketsirable opportunities are presented.
Direct rs- Chanes E. Ballon, Woonsocket; Henry G. Thresher,; Prov- able bonds. The selection comprises railroad and street railway
All the
idence; John A. Gale and George H. Poor, Boston; Philo E. Thayer, bonds, including some
asking :on properties.
Pawtuoket; Frederick N. Dow, Portland, Me.; N. Curtis Fletcher.
essential details of these securities, with prices, are arranged
United Light, Fuel & Power Co., San Diego, Cal New in a convenient form for ready reference. Copies of this
Company —This company, incorporated in California on booklet may be had upon application at the firm's office?,
Dec. 15 1904 with I5W.O0Q capital stock, of which $480,000 604 14th St., N. W., Washington, D. C.
was subscribed for by John D. Spreckles, took over on Jaly 1
—Redmond & Co.'s monthly investment list is printed in tothe electric light business, whicn it recently purchased from day's Issue on pagu xiv. The list is male up from an assortthe San Diego EU ctric Railway Co. Officers
ment of high-grade securities carried by the firm for investPresident, J. D. Spreckles; Vice-President and Managing Director, ors desiring only investments tnat can be recommended by a
William Clayton; Secretary, Treasurer and Attorney, Harry L. Titus. firm doing an investment business of the first class. It conUnited Sheet & Tioplate £o.~Reorganzd Company.— sists of a good variety of steam railroad bonds with a
This company was organized under the laws of Ohij un Jane sprinkling of other issue3 and should be carefully studied.
—In the card of Ever?z & Company, Chijaso b*n8ers, In
6, with $7511,000 anthoriz d capital stock and an authorized
issue of $3< 0,0(0 6 p. c. 20-year gold bonds, as successor of the last issue of the Railway and Industrial. Section, their
the West "Virginia company of tha same name, a settlement New York offioe location was inadvertently omitted. This
having been ff cted with its creditors. Directors:
well-kc.own hous^ has had a branch offise in New Y >rk at
W. S. Ravensoroft, President, RMgeway, Pa.; M F. Straus, Vioe- 111 Broadway for several months past, u dor the managePres., Philadelphia; D. O. Taylor, Cambridge, O.. Sec
M. S KUne, ment of Mr. E, S. Ballavd, dealing in G wernment, railroad
Ridgeway. Pa., Treas.; D. A. Garden, Steubenville. O., Manager; H B. and other high-grade investment securities.
Stewart, Canton, O J S. Black, Cambridge, O., and J. E. Eller
Canton, O. Office, Pittsburgh.— V. 77, p. 827.
—Messrs. Crawford, Dyer & Cannon, 1 Nassau St., memCntted Shoe Ma hinery Corporation.— Amount of Stock bers of the New York Scock Exchange, have lately prepared
Acquired— Time Extenaea.— This company, it is announced, a classified list of short-time investments which they are
has acquired over 95 p. c. of the outstanding shares of the cff -ring to investors. The circular is for general distribuUnited Shoe Machinery Co. of New Jersey, and has expended tion. The firm will furnish a monthly list of current quotato Aug 19 1905 the time within which shares of the United tions on these securities to all those who desire them. TeleShoe Machinery Co. will be received per plan in V. 80, p. phone, 5,468 Cortlandt.
1862, 2463.
—An analysis of the New York State law relating to savUnited States Express Co. -Mortgage Taken from Svbsid ings-bank investments has been prepared by Wnite & Kemiary Company — Tbe United States Express Rralty Co., the ble, 56 Ptae St. Price, $15.
subsidiary company that has begun the construction of the
Everez & Co. of Chicago have opened a New York office
new 23-story office building for the United States Express at 111 Broadway.
is

stated,

more than

$^0^,000 per

on another page; also Chb

>NiCi.E July 22,
,

,

W

—

:

t

-

:

,

—

—

1

AUG.

—

.

—

THE CHRONICLE.

5 1905.

5(i5

COTTON.

£hc ©omnucmal limes.

Friday Night, August 4

THE MOVEMENT OF THE CROP

COMMERCIAL EPITOME.
Friday Night, Aug. 4 1905.

Receipts at

—

Thurs.

Wed.

Tues.

lion

Sat.

given below.

Aug.

Lard

S.L'iis

r.'.'.iso

bags
bags

1S.000
3. 43'.', 734

mats

114,151

22,000
3.476.994
114.166

sucar

.bags

384.350
121
1.34S.339

1.015,563

None

None

hogsheads

-

bags. etc.

-

-es,

toreign

-

Hides
Cotton
Rosin

-

Spirits

of.

..hogsheads
--No.

turpentine

Rice. Kast India
Rice, domestic
Linseed

-

Saltpetre

-

147.(108

19,994

455
82S

bags
pockets
-bags
bags

Manila hemp.

3.200
43.000

None

bales
bales
bales

hemp

Sisal

12.500

bales
barrels
barrels
barrels

Tar

Jute butts
Flour

barrels

&

3S3.733
370

None
337.406
350
5.800
40.113
17.555
1.600
2.571
1,500
40,000

None

248

548
51,955

64.700

i

19,900
125.452
13,411
1,140
1,059
3,000
50,000

47.042
1.689

None

sacks

7.316
22 H in
2,321,305
106.366
413.753

339
6,329
2,318

1,932

None

None

70,800

72,800

DAILY CLOSING PRICES OF LARD FUTURES IN CHIC\GO
Mon.

Sat.

October delivery. 7.32^

7.35
7.35
7.20

Tues.
7.35
7.40
7.20

Wed.
7.42M

7.37^

7.52^

7.50

7.47J4

7.60

Thurs.

Jan ._

1,282

""73

"248

l",819

"905

f,ii6

10",219

388

388
57

2~,046

147

786
363

3",

10S

295

168
138

2~991

2~,228

2".i6I

f.266

2~025

Charleston

"38

"285

IS!)

~199

"253

Pt. Royal&c.
Wilmington ..
Wash' ton, &c

"381

"699

"in

"247

l",747

2~932

f,768

l",751

Norfolk

Newp't News.
New York
Roston

"57

Baltimore
&c.

Philaclel'a,

week.

Tot.il,

"464

"450

""77

""82

0,500

15,350

"71

10,982

328

""5

"85

27

1,399
27

12,291

13,738

74,337

153
12,476

2",

""5

404

The following shows the week's
since Sept. 1 1904, and the stocks

397

fl

7.80c

7.45c. July

total receipts, the total

to-night,

compared with

last year.
1904-05.

Aug.

4.

Galveston
Port Arthur, &c.
New Orleans
Mobile
Pensacola,

320 2,339.596

290,604

13,241

,826,808

328

200,429
220,178
902
373,078
122
776,374
27,321
33,407
79,666
61,741
13,576

104,029
2,361 1,996,507
630 200,028
132,853
558 1,144,586
120,760
"l 155,448
1,290
321,413

,642,216

325,346
204,892

1,282

&c

Wilmington
..
Washington, &c_.

1,819

10,219

Newp't News, &c.
New York
Boston

388
57
1,399
27

Baltimore

&c

Philadelphia,

397

.

Totals

Since Sep
1 1904.

This
week.

,772,691

Brunswick, &c

N'orfolk.

Stock.

25,195
1,417
16,230
2,338

&c

Savannah

1903-04.

Since Sep
1 1905.

This
week.

Receipts to

336
482,509

961
163
147

1905.

1904

84,223

3,929

61.248
3,715

30,882
358

44,495
3,257
4,711

12,668

""548

6,673

289

"l9~,616

V.890

21,979
18,780 151,280
32,376
2,998
30,502
2,128
14,526
3,525

38.588
2.277
648
829

5,953 7,117,518 387,869

92,906

322
284
198

74,337 9,849,351

In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
1905.

Receipts at

Galv'n, &c_

Mobile

.

Since Sept

1

1904.

26,612
16,230
2,338
13,241
1,282

NewOrleans

good Cucuta and 11J4@11J^c. for good average Bogota. Savannah .
Speculation in the market for contracts has been moderately Ch'ston,&c.
W ilm'n,
active and prices have advanced on comparatively light Norfolk &c
Brazilian receipts and the firmness of the Brazilian market. N.News, &c
All others..
Close was steady.
Following are the closing asked prices:
Aue
7.00c. Nov
7.30c. March
7.60c. Tot .this wk
7.10c. Dec
7.40c. May
7.75c.
7.20c.

18

5.639

4",004

Charleston
Port Royal,

Fri.

7.20
December delivery 7.10
7.17M 7.20
Pork has had a fairly good sale and prices have been firm,
closing at $14@15 for mess.
Cut meats have been quiet but
steady.
Tallow has been more active, advancing to 4j^c.
Cotton-seed oil has been in fairly brisk demand and firmer,
closing at 30@303^c for prime yellow.
Butter has advanced, selling up to 22c. for best creamery. Cheese has
been firmer, closing at lOJ^UHc. for State factory, full
Fresh eggs have been steady.
cream.
Brazil grades of coffee have been firmer.
Offerings of the
4 grades and poorer have been light, reflecting small
stocks, and with an increasing trade demand prices have advanced. The close was firm at &%c. for Rio No. 7 and 9 l-16c.
for Santos No. 4.
West India growths have been in fairly
active demand and at hardening values, closing at 9J^c. for

Oct

13",241

2.825

1~,309

None

Lard on the spot has been quiet, but there has been no
pressure to market supplies and prices have held steady.
The close was firm at 7.60c. for prime Western and 7c. for
prime City. Refined lard has had a fairly good sale and
prices have been firmer, closing at 7.65c. for refined for the
Speculation in lard for future delivery has been
tinent.
moderately active, and on a decrease in the world's visible
stocks, prices have advanced. |The close was firm on buying
by packers and in sympathy with an advance in hogs.

Septe'ber delivery 7.25

696
328

6.306

Brunsw'k, &C

1.

.Total.

25.195
1.417
16,230
2,338

4.525
3",

Savannah

1904.

Aug.

1.

..tierces
-

Coffee. Brazil
Coffee. Java, etc
Coffee, other

July

1.

Fri.

4,285
1,417
1,923
1,287

1,615

Galveston
Pt. Arthur, &c
New Orleans..
Mobile
Pensacola, &c.

1905.

1905.

Stocks of Merchandise.

by our

For the
telegrams from the South to-night
week ending this evening the total receipts have reached
74,337 bales, against 97,193 bales last week and 104,182
bales the previous week, making the total receipts since tin
1st of September 1904 9,849,351 bales, against 7,117,518
bales for the same period of 1903-4, showing an increase
since Sept. 1 1904 of 2,731,833 bales.
is

The condition of business has continued fairly satisfactory,
there being a fair amount of activity for this season of the
year both in thewayof new purchases and takings on outstanding contracts. The outlook for an active condition of
trade during the fall season is quite generally reported as
promising, and evidences are accumulating of buyers preparing to enter the market to cover their requirements for the
As a general rule values for merchandise
ason.
reflect the healthy condition of business, they being well
A special feature has been unusually free
maintained.
buying of copper, on which prices have been advanced.
Pig iron has been reported in slightly better demand for
delivery during the last quarter of the year.

l'JU">.

as indicated

1902.

1903.

320

1901.

2,361

436
540

2,285
2,382

630
558

4
61

402
225

1

194
1,038

55
1.566
5

1,362

11

66

83

11

1,654

6.546

444
673
529

18,002

4.515

44
19
125

2,208

370

2,517

74,337

5,953

1,599

11,946

388

3,555
4,843
35
1,275

2,249

8
961
163
951

1,819
10,219

1900.

458

9,849,351 7,117,518 7,636,328 7,449,025 7,523,346 6,537,016

Raw

sugars have been unsettled, but the close was firm
at 4 3-32c.for centrifugals, 96-degrees test, and 3 15-32c.for
muscovado 89-degrees test. Refined sugar has been active
higher, closing at 5.20c. for granulated.
Pepper has
advanced on shorts covering.
atucky tobacco was quiet and the tone of the market
unsettled.
Seed leaf tobacco has been firm, but
quiet, buyers waiting for offerings of new crop to come on
market, they being due by the end of the month.
OccaK iona
of old tobacco have been made at full values.
tra tobacco has been in moderate demand and firm.
Havana tobacco has had a fair sale at full values.
ly in the week price- for Straits tin were higher, but at
prices were declining under profit-taking sales by
interests, and quotations were 32.62Mi@32.87Mc.
copper has been in active demand and prices have adclosing at 15.30@15.50c. for bake and L5.35S
-.
for electrolytic.
Lead has been firm at 4.(>0f» ».7u<\
Spelter has advanced, closing at 5.60@5.70c.
Pig iron has
been in limited demand, closing steady at 815 7.", for No. 2
rthern and Sir, 50@$15 75 for No. 2 Southern.
II
fined petroleum has been in good demand and firm,
6.90c. in bbls, 9.60c in cases and \c. in bulk.
idy at lie. for 71 degrees and
Lc. for
,l
"r
balances
have been steady, closing a1
L
1.27c.
Spirit- turpentine has been in light supply and
timer, closing at 62J$c. for machine bbls.
Rosins were
in fair d-rnand and Bteady at $3 .""
for common and
d strained.
Wool firm. Bops have sold at steady prii
,

I

The exports for the week ending this evening reach a total
of 62,967 bales, of which 46,188 were to Great Britain,
to France and 16,779 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1 1904:
Week

ending

Aug

From

4 1905.

Sept.

Exported to
Exports
from

1

Great
Britain Fr'nee

Continent.

1

1904 to

Aug

4 1905.

Exported to
Total

Great

Week

Brttaln. France

|

Contlnent.

Total.

•

•

Galveston
Pt. Arthur. Ac.
Orleans .
Mobile

New

859

214

8.073 1,201,492 284,532

656

4",808

19.364 1,102,911364.222
73,683 46,803
115,724 "22.172,
7.265 275.817 51,489
159.472
3.379

61,385!
11

Pensacola, 4c.

Savannah

7.265

Brunswick
Charleston
Port Royal

.

'

Wilmington
Norfolk

6

0,000
4G4

01)11

n,i

VportN'ews.&c
\>'.v York

21,2.'i

.

5
5 B0

i

Baltimore

l

1,553

7.

2",272

5,853
8.176

667

007

I

ran,

Ac.

Total
1003-04.

I

331.037
100.166
138,320

9.654
14.110

61.62
62.8

'

824.346 1.251,662
166,418
6 9 16
77,990
74.617
166,846
B,

359,048

107

I""

624,046

39,854
I

1,769

5,624

66

I'lilladr-lphla ..

San

182,5491
1,200

671.2002,217,284
102.29s
16
932,022 2,400.056

40, Iks

7,470

16 77!'

1.001

65

7

I

13

0.001

7,03

l

i

'

-

[

)

-

In addition to above exports, our teli
fco-nigh.1 also
give us the following amounts of cotton on hipboard, nol
l.
at the port- named.
We add similar figun
New York, which are prepared for our spei ial use by M
Lambert & Barrows, Product E change Building.

THE CHRONICLE.

50G
On SMpbdard, Not

Cleared for

[Voi.

FUTURES. — Highest,

—

LXXXI

lowest and closing prices at

New

York.
Aug. 4

Oer-

Qrt ni

at-

liritain

France

many.

Other

Coast

on

wise.

i

i07i

Leaving
Total.

stock

^

u-

2»S QWS 2~?2-2 2~: Qs:~ QWS'QSfS.SWl QW©
2^5
2»S
o ~
c ~
s £ & o P £Lo k o & s Q P 3 o S o P £* O S O P £ o &
s
B5
o
5a
3S agB6"g53 53 5
55
;

New

5,650
3,416

2,660
25,080

Orlea

Galveston
Savannali
Charleston
Mobile
Norfolk

186

6,021

398

1,695

267

4,755
1,300

1

4,215

I

1,01

46,334
36,010
38,980

1

18,213

5,515

'

1,800

1,900
13,000

LOO

''-,

m?

5~,666

3,500

coo

1

,000

1

,500

500

38,040
2,349

Total 1905..
Total 11101
Total 1903..

9,666
105
3,904

20,595
1

,448

3,673

300
8,088
617

19,553
2,718

,850

400

1

1

,8

1

Fair

95,942 201,027
7,237 85,669
9,827 202,874

Good Middling Tinged
Strict Middling Tinged
Middling Tinged
Strict Low Mid Tinged
off Low Middling Tinged
off Strict Good Ord. Tinged
off Middling Stained
1 .00 off Strict Low Mid. Stained
0.30 on Low Middling Stained
official prices for a few of the
c-

Middling Fair
Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
Strict Good Mid. Tinged
Strict

1.30
0.96
0.62
0.44
0.14
0.38
0.72

on
on
on
on

Even
0.06 off
0.12 off
0.34 off
0.50 off
0.84 off
0.50 off
1.06 off
1.50 off

.

|

this basis the

grades for

the past week would be as follows:

UPLANDS.
Good Ordinary

Low

Middling
Middling
Good Middling
Middling Fair

GULF.
Good Ordinary

Low

Middling
Middling
Good Middling ...
Middling Fair

STAINED.

Sat.

Mon.

Tues.

Wed. Thurs.

10.10
10.72
11.10
11.54
12.06

10.00
10.62
11.00
11.44
11.96

9.85
10.47
10.85
11.29
11.81

9.95
10.57
10.95
11.39
11.91

Sat.

JYlon.

Tues.

Wed. Thurs

10.35
10.97
11.35
11.79
12.31

10.25
10.87
11.25
11.69

Sat.

Low

Middling
9.60
10.60
Middling
Strict Low Middling Tinged 10.76
.
11.10
Good Middling Tinged

10.00
10.62
11.00
11.44
11.96

12.21

10.10
10.72
11.10
11.54
12.06

10.20
10.82
11.20
11.64
12.16

Mon.

Tues.

Wed. Thurs

9.50
10.50
0.66
11.00

9.35
10.35
10.51
10.S5

9.45
10.45
10.61
10.95

I

10.25
10.87
11.25
11.69
12.21

9.50
10.50
10.66
11.00

Fri.

9.70
10.32
10.70
11.14
11 .66

Fri.

9.95
10.57
10.95
11.39
11.91
Fri.

9.20
10.20
10.36
10.70

for middling upland at New York on
4 for each of the past 32 years have been as follows:
1897. c.
1889-c.ll 5-16
1905.c_10.70
1881. c_12 1-16
1896..
1888. ..11
1904. ..10.45
1880. .11 9-16
7Vi
1887. .10
1895.
1903... 12. 75
1879. .11 3-16
7%
6 15-16 [1886.
1902. ..8 15-16
1894..
1878. .11 15-16
9^
1885. .10^
1901... 8 1-16
1893..
1877_ .1111-16
7Vs

The quotations

Aug.

.

9Vs
&Ys
6 1-16

1892..
1891..
1890..

7%

8

12K

1

1884. .11
1883. __ 1034
1882... 13 1-16

MARKET AND

18761875.
1874.

.12

-14^
.17

l«

®

—

I©

-I

_

——
-to
—

—
—
O

®

%

t

00

~

—
01

——

I

CO
-

I

~

,-,-

__

— 00

CIO
/

O' 10

I

<o

©

—

the market for spots and futures closed on

Futures

Market

Closed.

Closed.

Sales of Spot

Export.

pts. adv. Steady
pts. dec. Barely Steady
pts. dec. Steady
pts. adv. Steady
pts. adv. Steady
30 pts. dec. Very steady.

Saturday.. Quiet 5
Quiet
Tuesday .. Quiet
Wednesday Quiet
Thursday . Quiet
Quiet
Friday
Total

10
15
10
5

_,.

—
c
-' -1

c—

-

r©

I

i

©

g

©

I

®

I

—^

A- li

I©

I©

CO CO

~JtO

c

O

cc OO CO CO OO CO

-1

tax

00M
ccco

ti-O

Consum* n.

and Contract.
Contract.

Total.

25
25
30 1 1 ,800 11,830
10 31,200 31,210
85
85
"200
200
1,500
1 ,500

150 44,700 44,850

§Si

I®

—

-

I

-y.

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'£"5

C_

C—
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en
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-

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too

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ccco

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c

THE VISIBLE SUPPLY OF COTTON

to-night, as made
Foreign stocks,
as follows.
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
But to make the total the complete figures for
evening.
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
August A—
1905.
1904.
1903.
1902.
Stock at Liverpool
bales, 766,000
318,000
371,000
537,000

up by cable and telegraph,

Stock at London
Stock at Manchester

is

17,000
52,000

28.000
27,000

16,000
36,000

18,000

835,000
14,000
227,000

3 ,000

373,000
41,000
109,000
4,000
106,000
4,000
35,000
15,000
18,000

423,000
34,000
114,000
4,000
98,000
3,000
17,000
19,000
16,000

555,000
20,000
73,000
5,000
106,000
3,000
32,000
14,000
9,000

369,000

332,000

305,000

262,000

Total European stocks
1,204,000
India cotton afloat for Europe. 142,000
Amer. cotton afloat for Europe 195,000
Egypt, Brazil, &c, aflt.for E'pe
20,000
Stock in Alexandria, Egypt
73,000
Stock in Bombay, India
730,000
Stock in U. S. ports
387,869
Stock in U. S. interior towns. _ 142,195
U. S. exports to-day
13,798

705,000
78,000
55,000
20,000
75,000
401,000
92,906
67,958
5,594

692,000
97,000
30,000
14,000
12,000
491,000
212,701
16,652
72

817,000
31,000
91,000
16,000
50.000
384,000
182,409
64.926
5,653

Total Great Britain stock

Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock

at Hamburg
at Bremen
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste

1,000
88 ,000
3 ,000

24 ,000
9,000

Total Continental stocks.

Total visible supply
2,907,862 1,500,458 1,601,425 1,641.988
Of the above, totals of American and other descriptions are as follows:

American

—

Liverpool stock
Manchester stock
Continental stocks

American afloat
U. S. stock

for

267,000
32,000
217,000
30,000
212,701
16,552
72

444,000

13,798

214,000
20,000
209,000
55,000
92,906
67,958
5,594

,806 ,862

664,458

775,425

995.9SS

77,000
17,000
7,000
35,000
142,000
20,000
73,000
730,000

104,000
28,000
7,000
123,000
78,000
20,000
75,000
401,000

104.000
16,000
4,000
88,000
97,000
14,000
12,000
491,000

93,000
18,000

54,666
31,000
16,000
50,000
384,000

1,101,000
1,806,862

836,000
664,458

826,000
775,425

646,000
995,988

689,000
45,000
334,000
195,000
387,869
142,195

bales,

Europe...

U. S. interior stocks
U. S. exports to-day

SALES.

same days
Spot Market

I©

o

—

00 Oi

1

'—

0; OS

CO OO OO
00 too
5

-

1

£
,._

0-0

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I

f.

0i

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I

H-_

1"

'<-•

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I

I

In?

TT
T T r T P? ~~
'f
'—
cb
do bo
—> —
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OO CO CO CO CO CO
so so
o o XO 4-00
X
2to«
X
J"

I

t

,

how

I®
1

tc

I

J

r*

1010

I

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0;

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I

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SP^wP^w*

Total American
The total sales of cotton on the spot each day during the
East Indian Brazil,
week are indicated in the following statement. For the Liverpool stock
convenience of the reader we also add columns which show London stock

Monday

C

a

5

Speculation in cotton for future delivery has been fairl}'
active, but there has been an easier turn to values, prices
The indications
for the week showing a moderate; decline.
have been that the sentiment of leading interests towards
the market have changed, they being inclined to take a
The monthly report
bearish view of the immediate future.
of the Government's Agricultural Bureau made the average
condition of the crop 74.9 and the various private reports
on the crop condition were generally close to 75. Although
this condition is generally considered low for the season of
the year, it failed to stimulate the market, it being argued
A
that present prices discount existing crop conditions.
had
factor that received considerable attention, and
great weight with the bears, was the announcement that
withdrawn from the market as
English spinners have
buyers of cotton, they having sufficient supplies, it is maintained, on hand and under contract to cover their requirements for the balance of the calendar year. Continental and
American spinners also are reported practically out of the
market as buyers. Bear interests argue that there exists an
unusually large invisible supply of cotton and that cottonplanters will carry over into the new-crop season from
500,000 to 1,000,000 bales of surplus cotton from last seaTo-day the market opened with only slight
son's crop.
changes in prices. Subsequently, however, under fairly free
selling for the account of prominent speculative interests
At the decline large Wall Street operators
prices weakened.
were reported buying, and this steadied the market, causing
a recovery in prices. The close was very steady at a net
Cotton on the spot
loss for the day of only 3 to 5 points.
has declined, closing at 10.70c. for middling uplands.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows

at a glance

S»

r.'

6,616
8,100 143,180
4,300 14,281

13,000

Other ports

1900..
1899.
1898..

89

•s'ffi

,

4,711

New York

On

£9

1

vi

'/.

&c.

—

Manchester stock
Continental stocks
India afloat for Europe

Egypt, Brazil, &c, afloat
Stock in Alexandria, Egypt. ..
Stock in Bombay, India
Total East India,
Total American

&c

1

208,000
91,000
182,409
64,926
5,653

Total visible supply
2,907^862 1,500,458 1,601,425 1,641,988
6.02d.
5.87d.
6.66d.
Middling Upland, Liverpool
4J|d.
9c.
10.45c.
12.75c.
10.70c.
Middling Upland, New York..
7%d.
Liverpool
9-16d.
7
15-16d.
9
13-16d.
8
Egypt Good Brown,
7d.
10.50d.
9.00d.
Rough
Good,
Liverpool
9.80d.
Peruv.
4 9-16'L
5^d.
5 34d. 5l3-16d.
Broach Fine, Liverpool
4^d
5^d.
5%d.
Tinnevelly Good, Liverpool
5 9-16d.

Continental imports past week have been 43,000 bales.

©

.

—

'

s

.

1

.

THE CHRONICLE.
50 7
lil'OTATIONS FOR MIDDLING COTTON AT OTHER
AT THE INTERIOR TOWNS the movement — that the
middling
MARKETS. — Below are closing quotations
the shipments
the
the week and since Sept.
receipts
.Southern and other principal cotton markets
each
the
week and the stocks to-night, and the same items
week:
day
out
corresponding period of the previous year —
Aug.

5

1W5.1

Is

of

for

1,

for

for

Of tile

set

is

in

Monday. Tuesday.

Sat' day.

Qalvaston. .- 10 15-16
•
\<-w Orleans
s
Mobile
10^
,

Charleston

.-

Wilmington

n O - —
r 3 c —

Eg

r.

-9

•3

J,

3

1
3

:

*

I

«

-IS

5'

fc

-3

. _ - -

1 1

11.35
10J*
1

()'.,

I

I

I

I

I

I

i

I

—

CO

fete is

_

11.00
11.10
1054

10>4

A

10%
10K

1

ioy2

•

10>*
-

.

10 13-16

10",

10. No
10. SS

10.95
10.SS

11.20

1

1

1054
1 1

.00

•

10.75
10.95

.25

\0Vi

10 11-16
103^

\0%

10%

10 9-16

10 9-16

ion

10^

105-ii

ioH
ION
10M
10H

•

•

•

10%

L-,

1054
1054

•

•

•

ioh
10H

•

•

•

1054|Natchez
10J4|Raleigh
103^ IShrevepor t...

I

10H
10>i
10>i

NEW ORLEANS OPTION MARKET.— The highest, lowft

5
3
3

and closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:

est

»
•

Sal' day. Mom/ay
29. July 31.

,

July
ft**

i

July —

tOOtCPtC CQ.'ny

C. tO &. -1 -I

O'l lJi

CO -» to
,

Closing
ugnst

t '-OQMGff^O^

—

1
.

-j

to

© ©
s^Sv^
x©
>&-

co oo'

en

_»

to

© en

— to toi
*.
Cn © Cn

1
1

1

— enO'

1

co
en
t-» 05
4>-

C»l
^. o*
1

00

COCn

>

>-i

R »
o
3

-

—

.

as

Range

*

Closing

Time-

o>.

I

Spot
Options

-i:

I—
CO
© © to 30 to^-H-ii— OS —
to
00
CO © CO ©
©
ei^i^->5cn^-4A.tootocO' Cn050 0:00occnto-~JOOOO — -J

Ct

to
-Clr.^OICKOOCfr*.! — to Cn OO Cn OC O

—

CnC

'—> en
0-0 Cn — tocmcto — ooco — cocnen —
— OO O Cn V"*.
00 O) -JOSOIvtc^
^JCnO5C0C0COO5hb.00^J00CO
L'::xxc~iXiCXCCCCieT
OCtO^-JtOO^ttOCSCOCDO
The above totals show that the interior stocks have

tocoVj^c

1

1

—.

"c.

1

de-

creased during the week 18,005 bales, and are to-night 74,237
bales more than same period last year. The receipts at all the
towns have been 30,894 bales more than same week last year.

OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT.

— We give below a statement showing the

overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
August

-1904-05Since
Week
Sept. 1.
6,743
612,757

Sh ipped —

4.

St. Louis

Cairo

488

Rock Island

150

Louisville

470
472

Cincinnati
other routes,

&c

1,327

-1903-04Since

331,684
53,019
102,842
60,415
353,466

total net

a Including

movement by

365

123

Aug.

4.

.02

.89
10. 70-.

10.

.87

11. 00-. 14 10.90-.05 10.71-.90 10.71-.86 10.64-.92 10. 42-. 69
11. 13-. 14 10.90-.91 10. 75-. 76 10.85- .86 10.68-.69 10.64-.65

Easy.

Quiet.
Ba'ly s'y

Firm

Quiet.

Quiet

Steady.
Quiet.

Quiet.

Steady.

Quiet.
Steady.

by telegraph from the South

to

appearing.

this

—

Galveston, Texas.
In general the crop of Texas is improving, but there are renewed and continuous complaints
of boll-weevils from points scattered over the entire weevil
district.
Rain has fallen on one day of the week to an inappreciable extent.
Average thermometer 84, highest 91,
lowest 77.
Abilene, Texas.
Rain has fallen on two days of the week,
to the extent of eight hundredths of an inch.
The thermometer has averaged 83, the highest being 100 and the lowest 66.
Brenham, Texas. There has been rain one day of the
week, the precipitation being thirty-seven hundredths of an
inch.
The thermometer has averaged 86, ranging from

—

—

73 to 98.
Corpus Christi, Texas. We have had no rain the past
The thermometer has ranged from 74 to 96, aver96,184 week.
31.404 aging 85.
100.042
Cuero, Texas.
We have had rain on one day of the past
227.630 week, the rainfall being thirteen hundredths of an inch.
Average thermometer 88, highest 103, lowest 73.
904,554
Dallas, Texas.
We have had no rain during the week.
The thermometer has averaged 84, the highest being 98 and

—

—

2,015

5,911 1,229,143
rail to

13,731
121,821
32,220
196,042

951

3,331

3.

10. 57-.

3,454 1,132,184

285,040

3,739

overland a.

514,202
254,168

327

—

Leving

Sept. 1.

1,904
144

251

Total gross overland
_ 9,650 1,514,183
Deduct shipments
Overland to N.Y., Boston, &c 1,880
188,390
Between interior towns
109
36,601
Inland, &c, from South
1,750
60,049

Total to be deducted

Week.

"828

Aug.

evening indicate that
the weather has been favorable quite generally during the
week. Improvement in conditions is reported from Arkansas, Mississippi and Tennessee, and on the whole the crop is
doing fairly well. Picking is actively in progress in the
earlier sections, and a number of bales of new cotton are

us

to Cn

1.

2.

WEATHER REPORTS BY TELEGRAPH.— Advices

r.
-

01
^|i

Aug.

—

10.

1—
h—
—
to
-1*- vjco — — * — 10 — en
toenoocno^JCno^o *cn^ooootoeno30oo: —
— »jstc«jMO"Jcnc". © .^ to ~. ONKOXik^coMaincaffiOWc. © © co oo
a AVo'HVcnVaaob'u^VobtBs^VoiVeiVuViBMatVHoVo
'cicceo--~itoe^o — tooooocococoooocoo^JCntoco — toen
ci ic ic i c: x i ic ci c o
J — ocoooto-vi — — cn^j^jco — to 00 00 toes
-j

Wed'day, Thursd'y, Friday,

10.85

03-.

1

1

,

10. 45-.

3
C'

Tuesday
Aug. 1.

— @ —— @ —— © — - @ - — @ —
—
A
10.80-.88 10.65-. 76 10.49-. 70 10.50 — 10.32- — 10.22-.33
Range
10.87-.88 10.55-.65
Closing
50 10.56-.61 10.39-.44 10.37-.44
September —
10.96-.01 10.75-.82 — @ — — @ — — @ — 1038-.51
Range
11.
04 10.75-.76
Closing
59 10.66-.71 10.49-. 51 10.50
October —
8510.95-. 10
10.6610.66- .80
58Range
10.35-.64
11.09-. 10 10.85-.86
Closing
71 10.80
10.63-.64 1059-.60
—
December
Range

blto© Oo"cnx"coinVjo"coV)*."cfiO Vjcf.- coVl o, 50 — en OCn -g
JwCOCnCT. -q^atococscn — — COrf*©-]
C0©IC©CO(c —

r

\ia
Via
Via
Via
Via
Via

LOW

I

Colu'bus.Mlss...

l

CO,

z

10M
ioh
\o%

1054 Louisville
10
(Montgomery
10^ Nashville

Columbus. Ga...

to—,

h-coi-i

o:

to en "jo to

i. —
—
Ct*1' 10

-•

ioVs
10

The closing quotations to-day (Friday) at other important
Southern markets were as follows:

V ^w — to os * toes oa to >— oo so x — Vj to©'
^lC~CMCi4i'-0»
— x cootoococoosQ' entOCnOCOO^COOU—O't'CO^CDO'
oo>:o©tococo©oto^)toco.i*^i:S'
— — to
— — 10 — to to — o— i-co co — — oo ©to — toco

».
-

©—

-I

s

10Ji
I0>1

Friday.

-i*

to

c

Ml

I

i— CO-4
1—
— ,- — — to — O <- 00
CC
X to CO ©
>&
Xi-O- CO to CO -q -4 — Cn>-00*.COtvOOOOCOCO-- »I to CO to ecaiiOoccna~4U^oc->Xi.ic^c oc-T-icMOooitnoe

;,-*

5

:i

WA
11.00

.00

10%
10M
10H

Houston
10^
Little Rock.. 10JI

.

1

11.10
11.00
11.25
1094
10'A

Louis

St.

——
O.—
tO
*-tO
M »J-J»qtOtOOCO
— OtOOtO
lO to — CO — *- ~] to 3: ~ NJ.3MMCMCnOi
©
«JC*»<OOW»40lOC>!3oao*»en>-'OiCOCSCn«J — OSOOCCStCOCnOtnlOOS
35 C5 * ©<0-*aVl h- ;n©-OOoVl4k"to">— ©VjCOCOCn -fc-CiO:*— ~4C5CnO>00© to Cn
©^JC-i©~10C0*©:©--J--l<O^JtOCT>»$.Cn'— — --q,£.X^O;.U0C:C^ — COOi*.
© ~1 © CO O CnO:©COtOCn©Cn>UtOCn4*gPt03>0»-0003»-CngO>-'© 00 to

S

1

1.05
.00

1

.

m

10H

,

Atlanta

>

10''

-

Boston
Baltimore

Memphis

5»

<-•

|

Cotton

Wed'day Thund'y

\0H
10H
10^
10«

H

III',

1

11.00

Augusta

ST

II'

7

10:',,

Norfolk

Philadelphia

8B

K)

1

'

d
6s

9>

,

-I

•

£

*8.Bn

-•

.

2

{.--

~

c >
b x

1

10%

Savannah

'—

M iddling

for

Week ending
Aitij. 4.

-

Quota ions

Closi t0

detail below.

-

cot-

for

toil at

—

Canada.

The foregoing shows that the week's net overland move- the lowest 70.
Fort Worth, Texas.
It has rained on one day of the
ment this year has been 5,911 bales, against 123 bales
inappreciable extent. The thermometer has
for the week last year, and that for the season to date the week to an

—

averaged 83, ranging from 70 to 96.
Henrietta, Texas.
Dry all the week. The thermometer
has ranged from 70 to 101, averaging 86.
1903-04—
Since
Huntsville, Texas.
Dry weather has prevailed all the
Si pi.
Wert:
week. Average thermometer 86, highest 99, low r>\ 72.
5,953 7,1 17. .'.IS
Kerrville, Texas.
We have had rain on two days during
123
904,554
28,000 1,972.000 the week, to the extent of seventy-five hundredths of an
inch.
The thermometer has averaged 84, the highest being
34,076 9,994,072
L0] and the lowest 67.
56,356
a5,197
Lampasas, Texas. There has been heavy rain on one
28,879
day during the week, the precipitation being one inch and
10,050,428
live
hundredth-. The thermometer
raged 87,
7,799 2,102,378 ranging from 68 to 105.
I.nnqview, Texas.
We have had rain on one day the
week, the precipitation being one hundredth or an inch.
The thermomet* r ha
B'i'
om 72 to 96, averaging B4.
li
7..
Luling, Texas.
We have had rain on one day of the v
8..
10,295,867 the rainfall
A
being -ixty-eisdit hundredths of an inch.
9..
10
10..
9,086,508 age thermometer 87, highest 101 and lowest 74.

aggregate net overland exhibits an increase over a year ago
of 324,589 bales.
1904-05
In Sight and Spinners'
Since
Takings.
Week.
Sept. 1.
[its at ports to Aug. 4
74,337 9,849,351
and to Aug. 4
5,911
1,220,143
iern consumption Aug. 4. 44,000
2,064,000
.

„

To'al marketed
Interior stocks in excess

Cam*

into sieht during
siijht Aug. 4

Total in

.

124,248 13,142,494
al8,005
80,.",.V,

1

—
—
—

.

—

week. 106,243
13,223,029

I

North, spin's' takines to An?. 4 20,576
a Decrease during the week.

Movement

2.297,512

—

into sight in previous years.

,„"/<*•
1903— Aug.

7

24.944 1902-0:: -Aug.

1901— Aug.
1900— Au?.

9
10

43,192 1900-01— Aug.
36.693 1899-00— Aug.

Bales.

.Since Sept.

1

1901-02— Aug.

—

THE CHRONICLE.

568

— Dry

Nacogdoches, Texas.

all

INDIA COTTON MOVEMENT FROM ALL PORTS.—
receipts of cotton at Bombay and the shipments from all

The thermom-

the week.

eter has averaged 82, the highest being 93 and the lowest 71.
The
Palestine, Texas.
It has been dry all the week.
thermometer has averaged 83, ranging from 72 to 94.
Paris, Texas.
have had rain on one day of the week,
The
the precipitation being forty hundredths of an inch.
thermometer has ranged from 71 to 94, averaging 83.
have had rain on two days of the
San Antonio, Texas.
past week, the rainfall being forty hundredths of an inch.
Average thermometer 87, highest 102, lowest 72.
Weatherjord, Texas.
have had a trace of rain on one
day of the week. The thermometer has averaged 80, the
highest being 99 and the lowest 70.
New Orleans, Louisiana.
have had rain during the
week to the extent of one inch and thirty hundredths, on two
days.
The thermometer has averaged 84.
Shreveport, Louisiana.
The rainfall has reached eight
hundredths of an inch, on one day. The thermometer has
ranged from 73 to 95, averaging 84.
Crops generally are in need of rain,
Helena, Arkansas.
but are doing better. Rain has fallen locally on three days
of the week, the rainfall being fifty-eight hundredths of an
Average thermometer 80, highest 91, lowest 69.
inch.
have had a good week to cultiLittle Rock, Arkansas.
Rain has fallen on
vate crops, and prospects are improved.
two days of the week, to the extent of forty-six hundredths
The thermometer has averaged 79, the highest
of an inch.
being 89 and the lowest 69.
Memphis, Tennessee. Weather has been favorable and
There has been rain on two days'
condition is improving.
the past week, the precipitation reaching one inch and
The thermometer has averaged
thirty-five hundredths.
78 .9, ranging from 69.3 to 90.2.
The week's rainfall has reached
Nashville, Tennessee.
The therthirteen hundredths of an inch, on two days.
mometer has ranged from 64 to 90, averaging 77.

—

— We

The

India ports for the week and for the season from Sept.
three years have been as follows:
August

— Wo

— We

—

— We

—

—

—

The condition of the crop is generally
Mobile, Alabama.
favorable.
Cotton is opening freely on uplands. First new
Heavy rains confined to the coast.
bale received to-day.
We have had rain on each day of the week, the rainfall being
Average therthree inches and forty-nine hundredths.
mometer 82, highest 94 and lowest 72.
Montgomery, Alabama. Crops are doing well and maturTwo new bales from Montgomery County
ing rapidly.
came in yesterday. We have had rain on four days of the
week, the rainfall reaching one inch and twenty-eight hunThe thermometer has averaged 80, the highest
dredths.
being 95 and the lowest 72.
Madison, Florida. There has been rain during the week
to the extent of three inches and fifty hundredths, on three
The thermometer has ranged from 70 to 88, averagdays.
ing 79.
Rain has fallen on one day of the week,
Augusta, Georgia.
Averthe rainfall being ninety-eight hundredths of an inch.
age thermometer 80, highest 95, lowest 66.
Savannah, Georgia. Rain has fallen on two days of the
week, to the extent of one inch and seventy hundredths. The
thermometer has averaged 81, the highest being 94 and the

—

—

1904-05.

3.

Receipts at-

Bombay.

lowest 70.

—We

have had rain on one day
Charleston, South Carolina.
the past week, the precipitation being thirty-eight hundredths of an inch. The thermometer has ranged from 73 to
92, averaging 81.
had rain on three days
Stateburg, South Carolina,
early in the week, the rainfall reaching one inch and fortyLatterly dry and cooler, and favorable
eight hundredths.
for work.
The thermometer has averaged 78, the highest
being 91 and the lowest 65.
Conditions splendid; could
Charlotte, North Carolina.
hardly be better. There has been rain the past week, the
precipitation reaching fifty-three hundredths.
The thermometer has averaged 74, ranging from 63 to 86.
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given the last two years:
Aug. 4 1905.
Aug. 5 1904.

— We
—

Feet.

New

Above zero
Above zero
Above zero
Above zero
Above zero

Orleans

Memphis
Nashville

Shreveport
Vicksburg

of
of
of
of
of

gauge.
gauge.
gauge.
gauge.
gauge.

Feet.
10.9
9.8
2.7
5.8

12.7
16.1
8.1
22.6
2S.5

Sept.

For
Exports
from

—

Great
Britain

the

report

received

cable to-night from Manchester states that the market continues quiet for both yarns and shirtings. The demand for
yarn is poor. We give the prices for to-day below and

leave those for previous weeks of this and last year for

comparison.
1905.

8H
32.1

Cop.

ings,

30
July
14
21

28

d.

@9H

4

d.

s.

4

8%

s.

@QVs

8%

®9H

8
8
4

d.

8H
@7 8y2
@7 8H

8

S7

Mid

32s Cop.
Twist.

Up's.

5H@7 3H
@7 7
17

9
9
814

Aug.

common

to ]incst.

Twist.

June

1904.
Shirt- Cot'n

lbs.

d.
5.34

d.

d.

8%
8%
8K

®9Vs

5.8718!^

©9H

6.01

5191
6.01 S

®9H

fl-16®9%

8H

lbs.

ing.':,

Shirt- Cot'n

common

b.

d.

s.

d.

10H@8 10
5 10 @8 9
5 11
®8 10H
5 19M<«>8 9
5 9
®8 7H
5-8 @8 7H
5

Mid

Up's.

to /inesl.

d.
5.96

6.36
6.72
6.32
6.18
6.02

Sept.

Great
Britain.

1.

3,000 2,460,000

1

Continent.

Total.

22,000
94,000
76,000

433,000
800,000
904,000

455,000
954,000
980,000

3,000
4,000
5,000

42,000
46,000
45,000

45,000
50,000
50,000

3,000
11,000

15,000'
38,000,

25.000

18,000
49,000
34,000

232,000
273,000
175,000

244,000
293,000
203,000

Bombay
1904-05
1903-04
1902-03
Calcutta
1904-05
1903-04
1902-03
•

16,000
1,000
11,000

17,000
1,000

.

.

1,000

1,000

f,666

f,666

1,000

.
.

1 1

,000

.
_

Madras
1904-05
1903-04
1902-03
All others
1904-05
1903-04
1902-03

_

1,000

1,000

2~,666

2~,666

.
.

.

000
000
000

8,000
13,000
11,000

9,000
14,000
12,000

Total all—
1904-05 .
1903-04 .
1902-03 .

2,000
1,000
1,000

26,000
14,000
25,000

28,000

.
.

15,000,

26,000

9,000i

12,000
20,000
28,000

.

40,000
129,000
118,000

1
1

722,000
762,000
217,000 1,346,000
149,000 1,267,000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts
of 13,000 bales.
Exports from all India ports record a gain
of 13,000 bales during the week and since Sept. 1 show
a decrease of 584,000 bales.

ALEXANDRIA RECEIPTS AND SHIPMENTS OF

—

COTTON.

Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years.
Alexandria, Egypt,

August

1903-04.

1904-05.

2.

1902-03.

Receipts (cantars a)

This week
Since Sept

.

To
To
To
To
a

3,000
6,233,043

6,460,062

73
5,741.556

1

This
Since
week. Sept. 1.

This
Since
week. Sept. 1.

3,000 228,185
152,499
3",666 331,785
700 75,350

4,750 238,439
137,426
f,666 352,241
200 52,867

204,456
145,086
3,873 324,944
82,625

6,700 787,819

5,950 780,973

3,873 757,111

1

Exports (bales)

This
week.

—

Liverpool

.

Manchester
Continent
America

Total exports.
cantar is 98 lbs.

Since
Sept.

1

'

'

A

COTTON CONSUMPTION AND OVERLAND MOVEMENT TO AUGUST 1.— Below we present a synopsis of
the

crop

movement

months ended July 31

for the month of July
for three years.

Gross overland for July
Gross overland for 11 months
Net overland for July
Net overland for 1 1 months
Port receipts in July
Port receipts in 1 1 months
Exports in July

Exports in

11

bales.

months

Port stocks on July 31
Northern spinners' takings to Aug.
Southern consumption to Aug. 1

Overland to Canada for 11

1 ..

sight during July
of crop in sight Aug. 1
sight balance season

Average gross weight of bales
Average net weight of bales

—

and the eleven

1904-05.

1903-04.

1902-03.

50,769
1,507,610
37,272
1,223,791
372,610
9,799,864
306,250
8,425,001!
392.535'
2,284,315
2,035,000

17,047
1,131,164
9,851
904,455
54,204
7,107,319
102,006
5,983,362
105,627
2,097,830
1,949,000

9,842
1,445,298
4,659
1,119,726
33,632
7,627,047
65,109
6,645,546
214,609
2,087,410
1,918,000

months

(included in net overland)

Came in
Amount
Came in

by

Week.

Since September

Total.

for

Since

1.

9,000 2,112,000

Burnt North and South in 11 months .
Stock at North' n interior markets Aug 1

23.4

Sept.

Week.

Continent.

Total crop

MANCHESTER MARKET.—-Our

Week.

1.

1

1902-03.

Since

22,00012,658,000

—

—

1903-04.

.Since.

Week.

— We

—

[Vol. lxxxi.

114.186
115,297
82,850
268
26,738
2,947
7.768
11,324
4,275
540,243
186,555
189,503
13,153,655 10,021,274 10,620,985
137,341
102,412)
10,123,686; 10,758,326
506.50
506.19
513.01
490.78
485.56
485.27

The Lord & Nagle Company, Boston, publishers of the
"Textile World Record," have furnished us a copy of the
Textile World Official Directory of the Textile Industries of
The
the United States and Canada for 1905, just issued.
work comprises 462 pages and 22 textile maps, showing the
location of cities and towns, railroad connections and popuFull information is given in regard to the mills relation.
ported names of officers, machinery capacity, class of goods
made, whether they dye or not, kind of power used, who the
The book is compiled from official
selling agents are, etc.
returns from the mills, and should be a valuable book of refIt is puberence to those interested in textile matters.
lished in two editions; the Office Edition, printed on heavier
paper and bound in stiff cloth covers, costs $2 50; Traveler's
Edition, of smaller size, printed on thinner paper, and bound
in flexible covers, costs $2.

—

—

:

Ave.

5 1905.

—

.

THE CHRONICLE.

|

THE AGRICULTURAL DEPARTMENT'S AUGUST

REPORT. — The

following statement, showing the condition
of cottOQ on July 25 was issued by the Department of Agriculture Aug. 3:
The erop-estinuitine; board of the Bureau of Statistics of the Department of Agriculture tiiuls from the reports of the correspondents and
U»ntS of the Bureau that the average condition of cotton on Jul
July 26 1904,
vu 74. 9. as compared with 77.0 on June 25 1005. 01.0 on The
following
79 7 on July 25 1003 and a ten-year average of 82.6.
of eacn
table shows the condition of the cotton crop byStates on July
ot the last three years, and that on June 25 1005, with the ten-year
_'.">

f>(»<)

Quantities
ot
Uanutacturtt
Cotton (colored and uiuotorcd)

Exported

to

o}\

—

yards

1005.

1005.
72

71

-

S2
83
72
7S
75
73

83
79

Georgia

Alabama.

60
79
68
66
80
82

-ippi
South Carolina

Arkansas
Louisiana
\
Carolina
!i
Indian Territory
rennessee

Oklahoma
Florida
Missouri

una
United States

82
79
so
83

80
83
85
S5
78

87
so
S8

74.9

77.0

1004.
01
01

00
92
91

93
05
03
91
92
05
94

25 10-year
1003. Average.
SO
82
77
86
70
88
83
82
76
83
76
83

Juli/

American Slates
Honduras

I

Cuba
Other West Indies and Bermuda
Argentina

87
82.6

.\cres.

28.808,415
32,363,690
28,995,784
27,300,371
27,874,105
26,534,000
24,175,000
23,175,000
23,029,000

10,123,686
10,758,326
10,701,453
10,425,141
9,439,559
11,235,383
11,180,960

Condition.

Permit.
74.9
91.6
79.7
81.9
77.2
76.0
84.0
91.2
86.9

30.094
4.478,625
502.730
981.057
2,339.702
897,032
9.282

Japan
British Australasia.

Philippine Islands

.

-

.

British Africa
All other Africa

,

1905-06..
1904-05..
04..
1902-03
1901-02
1900-01
1S99-00
99..
1897-9S

2::ii.osi

Bongkong

Other Asia and Oceanlca

79.7

2.929,279
275.793
2,106,831
2,340,099
308,831
797.137
9 IS. 580
1.059.913
520,372
502.807
53. 445.070

British East Indies

S3

91.6

Yield.
Bales.

Colombia
Venezuela
Other Smith America
Chinese Empire

86
88
86
so
SO
SO

The August 1st averages in earlier years for all the States
were, according to the Agricultural Department, as follows:
B1.9 in 1902; 77.2 in 1901; 7(3.0 in 1900; 84.0 in 1899; 91.2 in
L898; 86.9 in 1S97; 80.1 in 1896; 77.9 in 1895; 91.8 in 1894;
80.4 in 1893; 82.3 in 1892; 88.9 in 1891; 89.5 in 1890; 89.3 in
sv.i; s7.3 in 1888; 93.3 in 1887; SI. 3 in 1886 and 96.5 in 1885.
As a matter of interest in connection with the foregoing
report we subjoin a statement showing for a series of years
the acreage and yield, according to our compilations, and the
condition on Aug. 1 (July 25) as reported by the Department
Area.

Chile

78

90
90

3,264.200

4,000

l(i. >.9r.:i

65.837
895,353

9.005.100

2,102.657 27,354.937
243.090
3,319.127
2.008,042 17,898,885
1,579.430 24,986,500
242.123
3.502.418
408.309
9,589.055
748.277 12.850,700
1,817.838 15,762.476
292.819
7,603,349
341,858
7.735,312
9.024,100 474.909.510
o.mo.o.vi
539,930
27.891
508,922
12.129 16.231.710
883,459
6,421,865
5S9.070 15.957.101
1.367,380 23.117,948
1,416,882
6.051.323
158,914
555.483

21.538.721
3,030,001
0.125.331
20,091,039
1.980,951
9,197,489
11.852.009
14.824.158
9.047.394
0.099.875
70.880.534
6,859.040
341.206
439.910
4.471,518
5,040,749
29.208,514
6.235.850
482.839

r

1,

MI9. 155

2,

I

and

Mexico

84
75
82
69
85
78
76

1903-04.

ot.055
34.012
90,055
1.006,188
10,022.483

108,806

10,666
267,465
1,154,382

II

July 25 June 25 Julu 25

1904-05.

I

Other Europe
British North America

avers

12 rum. tndinjj JwuZQ.

1904.

311. t'.St!

Germany

British

tmliiiojii'i, 80,

1905.

United Kingdom
France

Central

Month

[

Total yards of above
Total values ot above
Value per yard

76.381,780
$4,757,382
$0,023

Values ot Other Manufactures oj
Cotton Exported to
United I\ Ingdom

24,438,794 094,500.715 247,380.737
$1,503,508 $41,320,542 $14,696,199
$.001.-,
$d594
$.0595

—

$108,990
14.5S5

$92,207
37,795

Belgium
France

1.710

Germany

32.448
907
6.443
195,684

_

Netherlands
Other Europe
British North America.

..

American States
Honduras

Central
British

208.578

$1,104,997
117,464
10,196
1,005,284
20.376
102,445
2.317.754

697,103
009.931
414.371
231,953
358,189
77,158
21,697
79,118
22.251
53.709
250.095
6,907
72,331
518,185
82,935
328,753
235.129
9.925
3.917

552.146
520,556
273,174
290,579
111,825
122.284
21,001
118,815
48.069
49,648

and
57.033
54.182
57.000
24.250
25.104
0.597
2.071
3,288
1,965
5,900
45,590

Mexico

Cuba
Other West Indies and Bermuda.
Argentina
Brazil
Chile

Colombia
Venezuela
Other South America
Chi nese Kmpire
British Fast Indies

48.801
47, 898
27.191
20,219
13,510
23,419
512
14.248
3,433
4,282
12.579
3.022
2,130
30.505
4.021
20,000
12,194
233

895

Hongkong

18,810
30,915
12,085
85,338
33.981
774
101

Brit ish Australasia

Philippine

68,081
MIT
6,050

$1,092,322
104,010
17,348
591,255
35.391
84,595
2,340,240

Islands

Other Asia and Oceanica
British Africa
All other Africa

Other countries
Total value other manufactures
Total value all manufactures

$839,079
$5,597,001

344

1S.04S

13,064
43,175
393,652
68,888
132.709
141,830
10,184
3,351

$696,420 $8,345,538 $7,707,514
$2,199,98S $49,000,080 $22,403,713
,.< .;

.t.i

GOVERNMENT WEEKLY COTTON REPORT.— Mr.

YELLOW FEVER AT NEW ORLEANS.— Latest adJames Berry, Chief of the Climate and Crop Division of the
vices from New Orleans are to the effect that the yellow
United States Weather Bureau, made public on Tuesday
fever which broke out among the Italian population of the
the telegraphic reports on the crop in the Southern States
city has been practically confined to the section of the city
for the week ending July 31.
inhabited by those of that nationality.
.Norr/i Carolina. — Cotton generally overgrown, fruiting poorly, damage
Fifty-four new cases were reported yesterday.
The total
by rust and shedding increasing slightly.
South Carolina. — Cotton improved on clay lands, where stalks are number thus far affected by the disease has been 432 and
large, and deteriorated on sandy lands, owing to rust and increased
the deaths have reached 84.
The fact that there is no inshedding.
the district
Georgia. — Cotton growing and fruiting rapidly where sufficient rains fection in the modern section of New Orleans
above Canal Street is considered a very hopeful sign, and
fell, but suffering in other localities; plants wilting, shedding, and being
damaged by rust and black root, opening southern half State.
physicians refuse to believe that there is any chance of the
da. — Too much rain over portions of north, where cotton was
damaged to some extent by rust and shedding, and inadequate over por- disease assuming an epidemic form.
tions of west, where some plants are dying; scattered picking of cotton
Those in charge of the treatment of the disease state that
has commenced.
concealment until the cases were practically hopeless, and
•ima. — Cotton continues irregular, about half of crop shows deterioration, with rust, spreading and shedding becoming general; scattered inadequate treatment during that period, are in great measure
reports of other adverse conditions are received also; bolls opening slowly.
responsible for the heavy mortality among the Italians.
Mississippi. — Cotton improving slowly, early fruiting fairly watt,
Modern treatment of the disease prescribes only liquid food
some grown bolls south, much lowland cotton small and just beginning
to bloom; laying by well advanced, some fields still grassy; complaint of during several days of the patient's illness, but inv< stigation
blight, rust, and shedding increasing.
shows that heavy food, such as macaroni and bananas
Louisiana. — Ground too wet for cultivation greater part of week; meaning almost certain death
has been eaten after the
cotton improved in some localities, but much of crop foul, not growing;
fever
had
developed.
fruitine poorly, turning yellow; some lowlands abandoned; crop con-

—

—

-

—

siderably below average.
is.
Weather favorable for cotton over most of State and crop improved somewhat; it is fruiting better in central counties and generally
clean, but foul and unpromising in northeast; in localities cotton is growing rapidly and fruiting poorly; shedding is reported from many southern
and central counties; picking in south central counties; boll-weevil and
other pests doing damage, but damage lessened by dry weather.
Arkansas. Cotton small, making too much weed; not fruiting well,
and being injured locally by insects; but shows improvement and is
making fair progress.
Tennessee.
Much cotton very unpromising; inclined to too much stalk;
some shedding; fair crops in many sections.
Oklahoma and Indian Territories. Daily showers caused damage to
bottom-land cotton in the Indian Territory; cotton in Oklahoma improved, but growth too fast; not fruiting well; worms injurious in Indian
Territory.
ouri.
Cotton making heavy growth; lowlands grassy; some rust.

—

—
—

SEA ISLAND COTTON MOVEMENT.— We

1904-05.

—

—

These reports on cotton are summarized by the Depart-

have

re-

ceived this (Friday) evening by telegraph from the various
ports the details of the Sea Island cotton movement for the
week. The receipts for the week ending to-night (Aug. 4)
and since Sept. 1 1904, the stocks to-night and the same
items for the corresponding periods of 1903-04, are as follows:

Receipts

to

August

4.

Since

week.

Sept. 1.

Savannah

Sept.

Stock.

32.883

158

99.150

75.590

Total...

'----

1904.

1905.

1.

"107

54,084
12. Is9

&c._

This
week.

48.739
9.357
17.494

51

Charleston
Florida,

1903-04.

This

2.836

3.514

8,993

116
1.202
10.311

ment

as follows:
e improvement in the condition of cotton over most of Texas is
indicated, and while too rank growth and unsatisfactory fruiting are reported from Oklahoma, Arkansas, Louisiana and Mississippi, a general,
but flight, improvement is also shown in these States.
In Alabama the
generally deteriorated; in Georgia it is fruiting rapidly where
sufficient rains have occurred, but in other localities of
ain is
badly needed, and shedding, rust and black root are prevalent. Too
rank growth and shedding are also reported from Ti
the CaroIlnas and Florida, in which States no impro
cent
on clay lands in South Carolina, while on sandy lands In that -

The exports
of

100 bales,

for the week ending this evening reach a total
of which 100 bales were to ('.real Britain,

to France and
to Bremen, and the
to Northern mills has been 398 bales.
exports for the week and since Sept. 1 in 1904-05
Week Emling Aug.
Exports
from

—

crop has deteriorated.

STRIKE IN LANCASHIRE AVERTED.—Cable

ad-

60,000 Lancashire cotton operatives hae been averted, the
masters having granted the employees their demand for an
advance of 5% in wages.

EXPORTS OF OTTON MANUFACTURES
— vDOMESTIC
below a Btatemenl Bhowing the export- of dor

Savannah
Charleston.
Florida,

New

4c

4c

\

"ioo

Boston
Philadelphia

Total
Total 1903-04...

4.

Since Sept.

for-

100

1

he

I

and 1903-04.
northern

1904.

\i

Fr'net

(treat

Britain.

vicea to-day are to the effect that the threatened rtrike of

amounl

warded

Ac.
11
1I
11

11
•1
11

To 'a I.

Total.

10,276
'

I.K.i.

1

1.742

398

8

398

59,629

1

.

1

56

2".999

[65

|,Ifl3

4,163

607
100

80,058

7.1'

•

7.1

(

cotton manufactures for June and for the twelve months
ended June 30 1905, and for pin
comparison like
if
figures for the corresponding periods of the previous year are
tic

also presented.

•

•

SHIPPING NEWS. Ab shown on a previous page, the
week have
exports of cotton from the United Statt the pa
made up
The Bhipmen
reached 62,967 bales.
from mail and telegraphic returns, are aa folio?
I

THE CHRONICLE.

570

Total bales.
3,454
Liverpool, per steamer Celtic, 3,454
To Manchester, per steamer Dahorne, 805 upland and 100
905
Sea Island
1,194
To Hull, per steamer Toronto, 1,194
__
762
To Bremen, per steamer Main, 762
Zceland, 650
791
To Antwerp, per steamers British King, 141
To Liverpool—July 31— Str. Civilian, 14,556 14,556
-.
2,104
To Bremen—July 28— Steamer Indian, 2,104.
174
To Hamburg— Aug. 3 Steamer Madawaska, 174
900
To Trieste— July 31— Steamer Maria, 900...
1,630
To Venice—July 31— Steamer Maria, 1,630
To Liverpool— July 31— Str. Jamaican, 7,859.. 7,859
214
To Hamburg July 28— Steamer Georgia, 214
To Bremen—July 29—Steamer Voorburg, 6,265 6,265
100
To Hamburg July 29 Steamer Voorburg, 100
200
To Rotterdam—July 28— Steamer Patria, 200
500
To Malmo—July 28— Steamer Patria, 500

fVCL. LXXil.

BREADSTUFFS.

NEW YORK—To

.

.

NEW ORLEANS—

—

—

GALVESTON—
SAVANNAH—

—
—

—

To Norrkoping—July 29

—Steamer Voorburg, 200

200

WILMINGTON— To Liverpool— Aug. 1—Str. Chatburn, 6,000.
NORFOLK—To Glasgow—July 31—Steamer Hestia, 464
BOSTON—To Liverpool— July 29—Steamer Sachem, 1,365
July 31

—Steamer

Aug.

Ivernia, 3,081

2

6,000

464

—

Steamer

Canadian, 1,407

BALTIMORE— To

Liverpool— July 28— Steamer Indore, 5,903.
To Bremen— Aug. 2— Steamer Chemnitz, 2,272
SAN FRANCISCO—To Japan—Aug. 2—Steamer Coptic, 353 ..
SEATTLE—To Japan—Aug. 1—Steamer Lyra, 4
Aug. 2—
Steamer Iyo Maru, 310

314
62,967

Total

The

particulars of the foregoing shipments for the
arranged in our usual form, are as follows:
French

Great
Britain
New York 5,553
NewOrl'ns 14,556
Galveston. 7,859

Savannah
Wilm'gton

-Oth .Europe

Ger-

762

Japan. Total.

&c.

791

2,278

2,530

214
"900

'-'.'-'.

'-'-'-'-

'.-'-'-

6~,bob

464
5.853
5,903

_

Baltimore.

week

— Mexico,

many. North. South.

ports.

6,365

Norfolk ..

Boston

5,853
5,903
2,272
353

2,272

San Fran.

7,106
19,364
8,073
7,265
6,000
464
5,853
8,175

353
314

353
314

Seattle

Total.. 46,188

11,891
667 62,967
1,691
2,530
to Japan since Sept. 1 have been 318,571
bales from Pacific ports and 10,570 bales from New York.
Cotton freights at New York the past week have been
as follows:
Thurs.
Fri.
Man
Tues.
Wed.
Sat.

The exports

Liverpool

c.

Manchester

c.

Havre
Bremen

c.
c.
c.
c.

Hamburg
Antwerp
Ghent,

v.

13
15

13
15

13
15

13

15

13
15

13
15

16@17

16@17

16 Or 17

16@17

LOO' 17

16@17

19

19

19

19

19

22%

22 %

22%

22

Trieste

22

%

19

22%

12
18

12
18

12
18

12
18

12
18

12
18

28
32

28
32

28
32

28

32

28
32

28
32

25@26

25® 26

25@26

25@26

25(3! 26

15

15

25 Or 26
15

15

15

23
40

23

15
23

23
40

23
40

Ant. -c.

Reval, indirect.c.
Reval, v. Canal.c.
Barcelona
c.
Genoa, July
c.

%

c.

23
40

40
Japan, v. Suez.c.
Quotations are cents per 100 lbs

LIVERPOOL. — By

40

cable from Liverpool we have the folsales, stocks, &c, at that port:
July 14.
July 21.
July 28.
Aug. 4.

lowing statement of the week's
Sales of the

week

bales. 21,000

27,000
1,000
1,000
24,000
6,000
57,000
793,000
720,000
24,000
13,000
119,000
92,000

Of which exporters took. . 3,000
Of which speculators took
Sales American..16,000

31,000

27,000

1,000
2,000
25,000
4,000
57,000
793,000
720,000
60,000
54,000
105,000
76,000

800
800

21,000
6,000
6,000
Forwarded
63,000
61,000
Total stock— Estimated. -.832, 000
766,000
Of which American— Est. 76 1,000
689,000
Total import of the week... 60,000
40,000
45,000
Of which American
22,000
Amount afloat
113,000
111,000
89.000
Of which American
90,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of

Actual export

spot cotton have been as follows:
Spot.

Saturday.

Monday.

Tuesday

Wed' day.

Thursday.

Friday.

Dull.

Quiet.

Dull.

Moderate

DuU.

Quiet.

Market,
12:30

P.M.

demand.

Mid. TJpl'ds
Sales

Spee.&exp.

6.03

6.09

6.01

5.92

5.90

5.87

3,000
300

(,.01)11

4,000
400

6,000
600

6.000
500

5.000
1.000

600

Friday, Aug. 4 1905.
There has been a slight yielding in prices for wheat flour,
and at the lower prices there has been more activity to the
trading.
Moderate sales of new winter straights have been
made for export to Europe and the West Indies Local jobbers also have been hotter buyers and a moderate quantity of
spring-wheat flour has been sold. City mills have had a
moderate sale at slightly lower prices. Rye flour has been
quiet but steady.
Corn-meal has been in light supply and
firmer.

Speculation in wheat for future delivery has been quiet and
there has been a fractional decline in prices.
The crop news
from the interior has continued promising. Harvesting returns from the winter-wheat belt have been quite generally
favorable and the spring-wheat crop has made satisfactory
progress, with harvesting started in the southern part of the
spring-wheat zone. The movement of new-crop wheat to
market has been on a liberal scale, the receipts at the primary markets running considerably in excess of those reported a year ago.
Offsetting, however, to some extent the
effect of the favorable crop indications of this country have
been stronger European advices and reports of an unfavorable crop outlook in Russia.
The spot market has been
easier and business has been quiet, the sales reported made
to exporters being unimportant.
To-day the market was
fairly active and firmer.
Shorts were buyers to cover contracts, and crop-damage reports to the spring-wheat crop
were received from the Northwest. The spot market was
firmer but quiet.

WHEAT FUTURES

DAILY CLOSING PRICES OF

IN NEW YORK.
Mon. Tues. Wed. Thurs. Fri.

Sat.

90

89%
89%
90%
92%

Mon.

Tues.

89%
89%
91%

89% 90%
89% 89%
91%
90% 91%
May delivery in elevator
93
93
93%
92% 93%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.

No. 2 red winter...
f.o.b. 92%
September delivery in elevator. 90%
December delivery in elevator. 91 %

91

Sat.

Wed. Thurs. Fri.

85%
86%
May delivery in elevator
88% 89%
88%
India corn futures have received only a limited amount of
The outspeculative attention, but prices have advanced.
84%

85%
86%
89%

84%
85%
88%

September delivery in elevator.
December delivery in elevator.

86

84%
86%
89%

84%
86

look for the growing crop in this country has been'reported
quite generally as promising; in fact, some interests are beOn the other
ginning to talk of a record-breaking yield.
hand, however, crop news from Europe has been less encouraging, it being reported that crop conditions in Hungary and
Roumania are not satisfactory, owing to drought. The
movement of old-crop corn has been light, the receipts at
primary markets being limited and country acceptances have
been small, foreshadowing a continuance of light receipts.
The spot market has been firmer. A limited amount of busiTo-day the market
ness has been transacted with exporters.
was easier under larger receipts than expected and favorable
crop reports. The spot market was quiet and easier.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.

Mon.

Sat.

2

Wed. Thurs. Fri.

62% 62
61% 61
MIXED CORN IN CHICAGO.
60%
59%

61%

Tues.

Wed. Thurs. Fri.

58%

DAILY CLOSING PRICES OF NO.
Sat.

Tues.

60

f.o.b. 61
Cash corn
September delivery in elevator. 59

Mon.

60

51% 52% 54% 55% 54
45% 45% 46% 46% 46
46% 45%
45% 45% 46
May delivery in elevator
Oats for future delivery at the Western market have been
quiet but prices have been steadier, they showing a fractional advance, largely in sympathy with an advance in

September delivery
December delivery

52%
45%
45%

in elevator.
in elevator.

values for corn, although a fairly free demand in the cash
market in part from exporters has had a steadying influence.
The country acceptances have been fairly free and the crop
movement has increased to full figures. The spot market
has been fairly active but at lower prices. To-day the market was quiet and easier.

DAILY CLOSING PRICES OF OATS IN NEW YORK.
Mon Tues. Wed. Thurs. Fri.
Sat.
pt. decline
advance.
advance.
opened,
advance.
.f.o.b. 32%
32% 32% 31% 31% 31%
No. 2 mixed.
Quiet at Barely st'j Steady at Steady at B'rely st'dy Easy at
Market,
34
No. 2, white, clipped... .f.o.b. Nom. 34% 34% 33% 34
pts.
4
1@2 pts. unch. to 3 6@9
5@6 pts. 1@4 pts.
8 pts.
advance. pts.adv'ce
decline.
decline.
decline.
P.M.
decline.
MIXED
CHICAGO.
2
OATS
IN
OF
NO.
PRICES
DAILY CLOSING
Mon Tues. Wed. Thurs. Fri.
Sat.
The prices of futures at Liverpool for each day are given September delivery in elevator. 27
28% 27%
27% 27% 28
28% 28% 28% 28%
below. Prices are on the basis of Uplands, Good Ordinary December delivery in elevator. 28% 28
29% 29% 30% 30% 30%
30
May delivery in elevator
clause, unless otherwise stated.
Steady

Futures.

Market

\

unch.@l

Firm at

3@4

pts.

j

Quiet at

6@8

pts.
decline.

Quiet at

6@7

pts.
decline.

Quiet at

3@4

pts.

July

July-Aug

..

Aug.-Sept..
Sept .-Oct ..
Oct .-Nov ..

Nov .-Dec

..

Dec .-Jan
Jan .-Feb

Feb .-Men

Mch

..
.-April-

April-May. .

May-June

.

Mon.
July 31.

Tues.

Aug.

1.

Wed.
Aug.

2.

pts.

.

The prices are given in pence and 100th.
means 5 92-100<i.
Sat.
July 29.

Quiet at

2@3

Thus: 5 92

Thurs.

Aug.

3.

Fri.

Aug.

4.

12% 4 12% 4 12%
12%
12% 4 12%
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m p.m. p.m.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
d.
5 92 5 91 5 97
91
91 5 97
89
85
88
91
5 97
84
93
5 99
90
86
91
94
6 00
87
88
96
6 02
93
6 03
97
93
89
04
98
6 04
90
90
95
99
6 05
99
91
6 05
96
912
00
6 06
96
97
6 06i6 00
92

Following are the closing quotations

FLOUR.
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring..

@$3

$2 60

@

3 30

@
@
@
@

3 65
3 80

3 75
4 25

@

5 60

20
3 60

3 75
3 90

4 25
5 10
6 55

@$5

Patent, winter.. $4- 90
City mills, patent 5 75
Rye flour, s'fine. 4 20

Buckwheat

flour

@
@

25

6 40

4 80

Nominal.

Corn meal
Western, etc.. 3 15
Brandy wine.. 3 20

@
@

20
25

GRAIN.

—

Wheat, per bush
N. Dul., No. 1..
N. Dul., No. 2..
Red winter, No. 2

Hard

"

"

Oats— Mixed, bush
White
No. 2 mixed
No. 2 white

c

.

f.o.b.
f.o.b.
f.o.b.
f.o.b.

31
35

%@

@

c.

115%
110%

90%

Nom.
33

39
Nominal.
Nominal.

Corn, per bush

Western mixed.
No 2 mixed
No. 2 vellow
No. 2 white
Rye, per bush
Western
State and Jersey
Barley Western..
Feeding

—

c.

57

@

f.o.b
f.o.b.
f.o.b.

71

@

Nominal
Nominal
Nominal

c.

62
62

62%
62%
75

Ave.

5

l

I

REPORT.

GRAIN

—

in the Ohio Valley the growth of com has been -.Mil. what
lv K s
checked by cool weather; but elsewhere in the principal com States this

WINTER WHEAT.—

ami New York.

crop in Michigan

,

SPRING WHEAT.—-Spring-wheat

harvest is in progress In Nebraska, Iowa, ami the southern portions of South Dakota ami Minneno rust damage being
lis crop has made favorable progress,
reported, except from scattered fields in South Dakota, where smul
I. ate spring wheat was
mateblight are also prevalent to some extent.
riaUj damaged in Washington by hot winds of the preceding week, but
Harvest is general in Oregon, with aboul
the early crop escaped injury.
the average yield ami quality.
OATS.—Oats harvest has progressedufavorably and is now beci
it ti the exception of some damgeneral in the more northerly States.
age to harvested oats in Missouri, Oklahoma, Texas and Virginia, the
repnits respecting this crop are highly favorable.

I

j

i

.

—

Wheat.

Com,

bb!s.

Imsli.

San Francisco. 33.191
Pugpt Sound..

2,425

bush.
12,200

33.191

2,425

12,200

.50.315

IS. 000

Flour,

—

Oats,
bush.

Rye,

Barley,
bush.

450

11,600

450

11,600
160,000

bush.

--- Total
Total 1904

For other tables usually given here see page 539.

THE DRY GOODS TRADE.
Xcw York. Fndn

;,

:

Aug. 4 1905.

Inquiries for cotton goods for immediate delivery
again been on a large scale during the past week, but actual
business has of necessity been restricted by reason of the
Further advances have
increasing scarcity of these goods.
been recorded in certain lines, notably in bleach* d goods, and
predictions are that the limit of higher prices has no1 been
The more difficulty that buyers experience in
reached.
obtaining goods the more insistent they become, and the
result has been numerous complaints that certain buv
an- being discriminated against in the matter of delivery.
There is probably some justification for this, and while si
buy rs are doubtless willing to pay slightly higher prices
than others in ord< r to secure goods,' yet the relations previ iusly existing between seller and buyer have a good deal
to tin with the treatment accorded at the present time.
A- a matter of fact, there are few buyers who raise an]
stion as to price now as long a- they can gel the gooi
have no difficulty in securing full asking prices. As
far a- possible, they are apportioning their goods
ding
to the orders they receive, giving to each buyer a li
than he would wish. This makes the scarcity all the
apparent.
Inquiries from China continue to some
but little business lias been closed. Jobbers reporl a fair
business so far, and expect a larger business during tie- coming week, when many buyers will be in town.
There is no
nut of speculation in purchases either at first or second
Men's wear light-weight woolen and worsted g<
hard-.
have again been active and show an advancing tendency.
i

luoted

number of buyers in town
during (he past week has been the largest for some time, and
as a result the business in men's wear woolen and worsted
goods has been very active. There is a fixed idea in the
minds of practically every one that prices will not remain
long at the present level, and for this reason buyers are
This is occasioning a
placing their orders in large volume.
good deal of anxiety in some quarters, where it is feared that,
For this
cancellations will be on a heavy scale later on.
reason many agents have not hesitated to oversell their production, believing that a good many orders will never be
Others, however, do not hold this view, or, if
delivered.
they do, believe that the increased purchases of some buyers
In medium grade
will offset the cancellations by others.
lines worsteds are securing the bulk of the business, but the
higher-priced trade is strongly in favor of woolens.
A good
deal of interest is being shown in homespuns by high-class
merchants, and flannels also are attracting more attention
than for some time. A feature of the season so far has been
Mercerized worsteds
the quick withdrawal of staple goods.
continue to be very popular.
Shepherd's plaid- are being
Operations in
neglected, as are all extreme styles of fabric-.
the new season's dress goods are not likely to be active for
Kverysome time, and little progress has so far been made.
thing tends towards a worsted season, however, although
rougher wool fabrics are likely to attract some attention.
FOREIGN
GOODS.— Imported woolen and worsted
dress goods are still quiet, with practically nothing doing.
Silks also are quiet, this being the between-seasons period.
Ribbons are steady and in only moderate demand. Linens
are firm and some good orders have been placed for spring
Burlaps are firm.
goods.

DRY

|
'

i

!

Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry
goods at this port for the week ending Aug. 3, and since
January 1, and for the corresponding periods of la.-t year, are
as follows:

M

-

o

c
o
-.

n

a
—

'-

-

^
——

i

5

a

-*

s

—.

exports of
ids from this port for the week ending July 31 were 2.132
packages, valued at §162.700, their destination being to
Intfi specified in the tables below:
<

1! IVD

Since

Since

York

'

to

July 31.

rain

European

Week.
1!)

1

ll

.

.

America

Other Countries
Total

.

1

759
449
82,854
126

529

16,349
6,605
17,205

33
393

520
656
2,432

Week.

.

250
:a

CO

Jan

l

Jon

.

1

.

383

11

o

481

16,642
1,521

LOO

2

1

302

;i

C

'

3
a
°
C

'

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:

'

'

'

\

\

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:

:

:

:

i

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3
—
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tn

toco

to

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10,646
905

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IS
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11

189,1

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130.981

of these New York
has
since January
'.
$10,150,212. again.- 1 Sfc.OO'U.YJ the previous yi
inquiries for heavy brown drills and Bheetings from the
ae trade have not been large, but in somi
irther
ad'
ave been recorded, and it i- ii
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I

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deliveries.
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suitable for export have over-old their output and v\i!l be
unable to live up t,, their contract!
etings,
Light-wi
from 4-yard upwards, are in mosl demand from the home
trade and are being taken at full prices where th.y are to

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DOMESTIC COTTON GOODS.— The

3\e.

at

WOOLEN GOODS.— The

Exports of Grain and Flour from Pacific Ports. The exports of grain and Hour from Pacific ports for the week ending
Aug. 3. as received by telegraph, have been as follows:
From San Francisco, to various South Pacific ports, 840
bbls. flour, 125 bushels wheat and 300 bushels corn.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, comparison being made
with the corresponding period of the previous year.
Exports
from

571

and the demand for these and .-heels and pillow cases is
moderate. Colored goods in nearly all Instances are held at.
Kid-finished
value, ami the market is bare of spot goods.
A fair business
cambrics are in fairrequesl at recent figures.
is being done in prints, with buyers unsuccessfully trying to
Staple ginghams have
purchase at the old level of prices.
advanced, but line grades remain unchanged with a
moderate business. A fair business has been consummated
c. for 28-inch (i 1x00s.
in narrow print cloths on the basis of 3
Wide goods are firm and unchanged and regulars are still

Throughout the Atlantic coast
excellent progress.
In Tennessee, Arkansas, Indian Terrlt
tricts a tine crop is indicated.
aiul Northern Texas the condition of com is not so promts
Threshing of winter wheat has been ii
by wet weather in Southern Illinois and portions of the Missouri \
and Middle Atlantic states; Inn elsewhere tins work ha.-- advanced satisWinter-wheat harvest is finished, except a smalt part ol the
factorily

made

crop has

:

be had.
The scarcity, however, is interfering a good deal
Prominent lines of bleached goods have
with business.
again been advanced during the week, and Fruit .if the Loom,
Purl-l, is now quoted at Nc, with Lonsdal
Ue QOl
chases are not large for the reason that sizabl
Wide sheetings have again been advanced,
obtainable.

Mr.

James Berry, Chief of the Climate and Cron Division of the
United States Weather Bureau, made public on Tuesday
the telegraphic reports on the grain crops in the various
States for the week ending July 31 as follows:
.

»

rilK CllRONICLK.

.»<>">.

GOVERNMENT WEEKLY

i

1

,

'

•

—

/

—

liiO

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-

i

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THE CHRONICLE.

572

Stats and

Befawment.

City

MUNICIPAL BOND SALES IN JULY.
bonds sold during the month of
July— namely $10,071, 024— is smaller thanjthat of any month
the current year, with the exception of February, in which
month such sales aggregated $9,307,933. As always, we exclude temporary loans and Canadian issues from our totals,
the former for July reaching $1,152,648 and the latter $528,-

The

total of municipal

G36.

exceptionally large issues were floated, Hudson County,
N. J., with $888,000 ($750,000 public sales and $138,000
sinking fund takings), the State of Maryland with $666,000
and Milwaukee, Wis., with $465,000, making the largest

No

disposals.

proved to be comparatively
small the number of municipalities emitting bonds and the
number of separate issues were quite large, these reaching
during July 253 and 325, respectively. This contrasts with
285 and 384 for June 1905 and with 255 and 345 for July 1904.
For comparative purposes we add the following table
showing the aggregates for July and the seven months for a

Although the aggregate

of sales

series of years.

Month
1905
1904

1903.
1902
1901
1900

1899-

For

of

July
$10,071,024
33,233,254
15.670,240
12.X61.550
8,262,495
8,104,043
-- 18,613,958

Month

the

Seven Mos.
8123.121,0421 1898
"
171,102.409 1897
95,246,674 1896
100,489,945 1895
69,485,555 1894
86,047,708 1893.
81,959.334 1892

For

of

July.
$7,868,563
17.389.859
5,313.495
15.374,660
8,253.237
1.691.600
4.139,100

the

Seven Mos.
$51,947,110
90.665.236
48.490,459
72,366,273
74,680,229
34,354,715
53,232,391

In the following table we give a list of July loans to the
amount of $10,071,024 issued by 253 municipalities. In
the case of each loan reference is made to the page in the
Chronicle where an account of the sale is given.
JULY BOND SALES.
Name.
Page.
224.. .Abbeville, La.
Ohio...
277.. .Ada,
520.. .Ada Co. Sell. Dist. No. 45,

— 4M

Rate.
5

5
Idaho
277.. .Adams Mills S. D., Ohio. 5
5
520.. .Albany, Ga
4
278.. .Alliance, Ohio
4
278. .Alliance, Ohio
4
573. .Alliance, Ohio
4
573.. .Alliance, Ohio
6
224. .Alpha Sch. Dist., Cal
4
278. .Ansonia, Conn
Wis
4
278. .Antigo,
5
573- .Ashland, Ohio
5
573- .Ashland, Ohio
6
520. .Assumption, 111
5
224. . Atchison Kan
5
520- . Avery ville, 111
. W2
520- .Ballard, Wash.
4
573- Bay City, Mich
574. .Bernalillo Co., N.
4H
278. .BertholdSch. Dist., N.D. 4
5
521.. .Bingham City, Utah
5
574. .Bird Island, Minn
6
.Bishopville,
S.
C
521.
3.65
574. .Blair County, Pa.
,

M

574. .Boston, Mass
3H
5
224.. .Bratenahl, Ohio
-5
169.. .Bridgeport, Ohio
224. .Bronxville.N. Y. (2 is.).. 4
574.. .Brookings (S. D.) S. D.._ 5
4
278. .Bryan, Tex
5
574. .Bu'ford, Ga. (3 is.)
5
574. .Caldwell S. D.. Ida
5
278. .Central City, W. Va
Sch.
Dist.,
Cal...
6
.Central
521.
4
225. .Charleston, W.Va
574. .Charleston S. D. No. 34,
•

1

Wash

Amount.

$40,000
5,000

100
104.10

dl910-1925
1906-1926
1906-1915

6,800
10,000
10,000
10,000
17,500
16,500
85,000
2,000
70,000
15,000
14,700
7,700
6,000
10,000
9,000
75,000
75,000
70,400
6,000
8,000
7,000
20,000
160,000
15,000
3,650
3,000
29,000
12,500
6,000
20,000
8,000
23,000
3,000
60,000

100
105.50
101.67
101.286
100.21
100
100
103.233
103.09
100.20
102.80
104

1925
1906-1908
1906-1908
1906-1910
1906-1910
1906-1929
1907-1921
1906-1912
1906-1912
1906-1908
1906-1915
1925
1925
1908-1913

dl925-1935
1925

dl915-1925
1925

dl925-1945
dl915-1935
1935
1906-1910
1910

dl915-1925
1930
1911-1930
dl915-1925
dl915-1935

dl925-1935
dl910-1915

6

..
278. .Charlotte, Mich
521. .Chillicothe, Ohio
4H
Iowa
5
521. .Clarence,
574. .Cleveland Hts..O.( 17 is.) 4}^
4
225. .Clinton, N.Y
5
521. Clinton, Minn
D.,
Mont
6
Cokedale
S.
278.
521. Columbia Sch. Dist., Pa_. 4
170. Columbus (O.) Sch. Dist. 4
5
278. Cottage Grove, Ore
4
574. .Cook Co., Ill
5
574. .CookvilleS. D., Tex
5
225. .Cumberland Co., Tenn
4
521. .Dallas County, Texas
4
225. .Danville, Va
5
278. .David City, Neb...
4
Ohio
521. .Dayton,
4
.Dayton,
Ohio
521.
4
521. .Davton, Ohio
5
574. .Delhi, Ohio
279. _Des Moines W. Des
Moines Sch. Dist., la... 4
521. .Detroit, Mich
3H
3)4
521. .Detroit, Mich
5
279. .Dodge, Neb
5
279. .Dodge, Neb
3
522. .Douglas County, Minn
(Wash.)
D.
S.
.Douglas
Co.
574.
6
No. 70
522. .Dravton Sch. Dist., N.D. ..
225. .Dunbar Twp S. D., Pa... 4H
279. .Dunkirk Sch. Dist., N.Y. ..
44
574. .Durham. N. C
6
225. .Dyer, Tenn
279. .Eastchester Sch. Dist. No.
4
2, N.Y
225. .East Palestine S.D., O... 5
:

—

Maturity
1910-1935
1925

1915
1909-1914

1905-1924
1925

dl915-1935
1925
1935
1906

dl915-1925
dl915-1925
dl910-1945
1935
1915
1909-1919
1910-1917
1910-1925
1925

dl910-1915
dl915-1925
dl910-1925

Price.

100'""
108.344
102.31
100.095
100
100
100
103.571
100
100.007
100
101.29
102.566
101.67
106.80

100
100
101.52
106.30
100.756

3,000 2/100.50
99.197
35,000
18,000
104.18
101.808
5,500
101.276
90,665
100
7,000
6,000
100
2,000
30,000
101.666
25,000
107.20
101.062
20,000
250,000
100.004
4,000
100
25,000
103.569
151,000
100
74,000
100
100
3,000
15,000
102.03
20,000
102.356
20,000
103.167
114
3,000

40,000
150,000
100,000
2,000
8,000
8,000

100.255

100.25
100

1,000
8,540

100

1907-1931

32,000
18,000
50,000
2,500

101

1906-1920

15,000
19.000

Page.
Nnmi
Ra
225.. Elrnhurst 8. D. No. 46,
111
5
574.. Klimvood Place S. D., O. 4
225.. Elyria, Ohio
6
225. Fort Wash. S. D., Cal... 6
575. Franklinton (N.C.)S. D. 5
522. Freeport Sch. Dist. No.
145,

100
105.11
104.20
100.14
106.569

.

Maturity.

Amount.

1906-1909
1906-1925
1906-1915
1906-1910
1935

$10,000

111

Price.

7.000
14,500
2,000
10,000

101.80
101.60
103.76
103.60
105.55

66,000

101.038

21,000
9,000
40,000
30,000
50,000
1,500
14,500
10,000

102.395
105
102
105.776
100
101.40
101.283
100

575- Gallatin Co. (Mont.)S.D.

No. 7
171. Gaylord, Minn
279. Gila Co., Ariz.
575.. Gloucester, Mass
279 Gloucester City, N. J
225.. Gratis Twp. .Ohio
522. Greene Co., I rid
171. Greer (S. C.) Sch. Dist. ..
522.. Grosse Point Sch. Dist.

4J3
5
5
4
5

4^
5

575.
522.
279.
225.
279279171.
575.
225.
279.
522.
171.
171.
575.
575.
279.
522.
280.
575.
226.
171.
226.
226.
280.
522.

Grundy Center

(la.) S.

Hackensack, N. J
Hackensack, N. J
Hamilton, Mont
Hamilton, Ohio
Hamilton Co., Ohio
Hamilton Co., Ohio

Hammonton
N. J
Hampshire,

"l925 :

"

5

4H
3H

dl930-1955

D. 4J4
4
4

1915

4

1915

4

1918-1935
1907-1911
1910

15,000
100
3,500
102.62
122,000
101.125
13,000
10,000 yl01.57
105.057
7,000
100.056
50,000
103.59
6,000

Sch. Dist.,
5

III

Hancock

Co., Ohio
Handsboro, Miss
Hanford High S. D., Cal.
Harriman, Tenn
Harrington S. D., Wash.
Haverhill. Mass
Haviland (O.) Sch. Dist..
Hazleton Sch. Dist., Pa_.
Healdsburg S. D., Cal..
Hebron, Minn
HoldregeS.D., Neb
Hudson County, N. J
Hudson County, N. J
Hudson County, N. J
Humboldt, Neb
Huron Sch. Dist., Ohio..
Idaho Springs, Colo
Independence Kan
,

—

5
.-

1915-1919
1925

5
5

4>£

3^

1906-1915

5

4
4

1927-1933

5
5

1906-1912
1925
1935
1935

4
4
..

'1915

5

dl915-1925
1906-1923
dl914-1919
1916-1925
1906-1925

4V2
5
'5

Indianola, Miss. (2is.)
5H
Indianapolis, Ind
3H
5
Ironton, Ohio
5
Ironton, Ohio
5
Isanti Co., Minn
Islip Sch. Dist. No. 2,

N.

1915

dl915-1935
1906-1935

1930
dl908-1915
O1920
al913
dl915-1925

Mich
171.
279.
279.
225.
171.
225.
279.
522.

dl915-1925

1915
1906-1910

4

Y

4

280. Jacksonville, Ohio
226. Jasper Co., Ind
.226-. Jasper Co., Ind
172.. Jennings, La
"
City, Tenn.
280. Johnson
172. .Kewaunee, Wis
226. .Kingsbury Sch. Dist. No.

6
4J^
4
5
5

4
1,N. Y
5
280. .Kings Mount., N. C
4J^
575. .Knox County, Indiana
522. .LaddoniaSch. Dist., Mo. 4
522. .Laddonia Sch. Dist., Mo 5
5
575. .Lakewood, Ohio
5
575. .Lakewood, Ohio
4
Ohio
522. .Lancaster,
5
575. .Lancaster, Ohio
5
575, .Lancaster, Ohio
5
280- .Lankershim S. D., Cal
4
522. .Lasalle Co., Tex
172. .Lawrence Co., Ind
4H
5
280. .Lima, Ohio
5
280. .Lima, Ohio
4
280. .Little Falls, N. Y
575. .Liverpool Twp., Ohio
4H
..
522. .Lorain, Ohio
D.,
N.
C.
5
523. Louisburg Sch.
Sch.
Valley
Nietos
280- .Los
5
Dist.. Cal
..
576. Lovelocks, Nev
226. McFall Sch. Dist., Mo... 6
172. McLeod Co., Minn. (3 is.) 6
4
523. Madison Co Tenn
226. .Mahanoy City S. D., Pa.. 3
4
523. .Mansfield, Mass
576. .Mansfield, Ohio (7 is.)... 5
7
226. .Maricopa, Co., Ariz
3>6
226- .Maryland
Minn
Co.,
4J^
226. Meeker
576. .Mendon (Mo.) Sch. Dist.. 5
Sch.
Dist.,
523. .Metropolitan

—

—

. ,

Mich

6

172. Midland Park S.D., N.J.
576. Miles City, Mont
226. .Milwaukee, Wis. (5 is.)..
280. -Monroe, N.C
523. Montrose, Colo
576. Morehead, N. C
576. _Morganton(N.C.)S.D.__
576. Morristown, Tenn. (2 is.).
523. Mt. Campbell Sch. Dist.,

5
4
4

281. ..Pontiac, 111
r
173. ..Pontiac Twp. (111.) High
Sch. Dist
281. .Port Clinton, O. (3 is.)...
281 ..Prairie City, Ore..
227 ..Princeton, Ky
*77 Putnam Co., Ind.

1925
1906-1915
1906-1915
1906-1915

1917
1906-1914
1907-1916
1907-1916
al925
1915
1909-1915

1906-1913
1935
1906-1915
dl915-1925
dl910-1915
1906-1915
1906-1910
1912
1906
1907
1910-1915
dl910-1945
1906-1925

1906-1915
1910-1934
1935

1907-1925
1903-1912
1908-1915
dl935-1945
1935
1925

dl914-1919
1915

1910
1910-1925
dl915-1920
1906-1925

5

5
5

5
5
6

Cal

523. Mt. Carmel, Pa
280. .Naponee Sch. Dist., Neb.
227. Nevada, Mo
280. New Bedford, Mass. (3 is.)
280. New Bedford, Mass
280. .Newberry, S. C
172. New Rochelle, N. Y
523 _ Nobles Co., Minn
523. No. Plains Twp., Mich..
523. .Oberlin, Ohio
281. .Outside Sch. Dist., Cal...
576. .Orange Twp. Sch. Dis.,0.
227- — Painesville.Ohio
227. .Park (Tex.) Sch. Dist
227. .Penrvn Sch. Dist., Cal
576. .Peterborough, N. H
281. .Phillipsburg, N. J
576. .Pinole-Hercules S.D., Cal.
227. .Piqua, Ohio
576. Plymouth, O

—

dl910-1915

"l935~~

[Vol. lxxxi

4
5

4}£
4

3H
4H
4
iY2

dl915-1920
1930
1925
1935

1910-1915
dl925-1935
dl910-1915
1915

1915-25-35
1925
1930
1910-1930
1908-1915

_.

5

8
4

5
5
5

1915
1915

1907-1910
1906-1910
dl920-1945
1906-1917

..

4
5
4

5
5
5
5
6

6

1925
1906-1929
1925
1910-1921
1925

1910-1919

dl910-1920
1925

100.402
18,000
3,000
104.009
13,000
4,000
105.07
10,000
102.05
100,000
100
8,000
100
28,000
8,000
103.90
38,000
100
35,000
100
3,500
107.05
17,000
102.578
750,000
38,000 rlOO
100,000 rlOO
100
4,000
18,000
103.165
75,000
100
100,000
40.000 ylOO
103.21
45,000
104.31
6,100
104.31
4,200
104.45
5,800
.

11,500
900
15,000
19,500
35,000
10,000
8,000

8,000
15,000
3,479
2,000
1,000
32,5251
8,000/
3,500

500
500

100.501
104
100.60
100.666
101.167
100

i/100.062

101.233
100.43
105
102.10
100.161
100.857
101.05
102.09
104.45
100
100.335
103.725
103.309
100
101.103

6,000
6,000
9,240
20,000
8,100
20,000
29,000
3,000
10,000 2/105.515

20,000
12,000
5,000
30,000
150,000
15,000
7,000
31,400
1,600
666,000
52,000
5,000

106.77

5,000
8,000
10,000
465,000
20,000
65,000
15,000
12,500
45,000

102.02B
100.288
101.40
104.40
101.065

3,000
50,000
3,000
10,000

107.62
103.50
100.333
102.75

193,0001
100,000/

24,000
85,000
8,000
10,000
17,000
3,000
3,500
11,500
3,500
6,000
5,000
4,700
12,000
65.000
6,000
34,000
20,000
19,600
10,000
35,000
3,350

105.02
107.283
100.333

108.27
100.31S
117.50

100

104.24
104.20
105

104.079
100.833
103.705
100.70
101

107.059
10S.33
•]
100
102.50
100
•

102
106.71
101.816
106.712
112
108.08
103.17
95
106.42
100.522

:

1

Aug.

THE CHRONICLE.

5 1905.1

Kate.
Name,
Page.
-577. .Putnam Co., Iml
<.'<>..
lml
-;.7 7Putnam
577. -Qulncy. Mass. (2 Issues). 4
3.l j
577-.Quincy. Mass.
227 .Qulncy (111.) Seb.Dist... 5
Kantoul Sch. Dist., 111.. 4Js
577
5
523.. Rapid City, S. D
4\i
Red BluffS. !'-. C.il
227
.•si
.Richfield Spgs,, N. V5
Richmond Co., N. C
4
Roanoke. Va
3
Rockland,
Me
677
173.. Rocky River S. D., Ohio. 5
5
.Rut lit on. Minn
;>7 7

Maturity.

Amount.

Price,

LOO 568
101.171

1906-1930
1907-1914

14,500
3,500
10,900
27., 000
120,000

1910^1925

7.1.000

LOO

1907 1922
1915 1924

32,000

lo.;. 55

20.0110

100

.

—
-

:;'_•
Saginaw, Mich...
Saginaw Mich. (2 is.)... 4
4
St. Albans, Vt
524
fl
-St. John. Ore
Sell.
Ore.'
Johns
St.
6
Dlsl .No.2
5
.St. .Marys. Ohio
N.
Y
4
238 Salamanca,
;.77
6
Ohio
Salem,
281. .Salt Lake County Sch.
.

-

tf

mi.;:,

1935
1920

000
107.07)
24.000 1103.50
2.".,

i

1,000

9,000
1

1

925

1,000

9 5

24,000

1

1906 1915
1925

1900- 19 15

107). 41

17). 001

7.000
10,000

10'.

100.625
loo
101.20
104.80
104.61

i

Utah (5 is.)
.'si
san Bruno S. D., Cal
Sandusky, Ohio
281.. Sandusky, Ohio...

5
5
4

Dists.,

.Sardinia. X. Y_.
281. .Sauk Centre, Minn
Haven
Schuylkill

4

Sh
4

.Scotia, N. Y.._
- otland Co., Mo
Seneca Falls S. D., X.
578. .Sherburne Co., Minn

524.. Sheridan. Wyo
173.. Sherman, Tex
.Sni-a-bar Twp.,

314
4\i
4)4
Y. 3?i
5
5
5

Mo

.Snohomish Co., Wash...
524. .Somerset Sch. Dist
Pa..
524. .South Bend, Ind
.So.GreenBburgS. D.,Pa.
524.. So. Norwalk, Ct. (3 is.)
,

-

-

..Springfield,

624. .Springfield

way

HI
(111.)

10.000
21.000

100

1900-1922

15,000
17,000

100.60
100-588

cil910-1925

62,7.00

192;;

1906

1920

1910
1915

1908-1913
1915

108.21

20,000
9,000
5.500

106.30

11,389
10,000

100
100

4

ZH
4

4
5
4
4

c/1910-1935

1906-1933

41915^1925
1906-1929
dl910-1920
(/1915-1925
1935

1910-1912
c/1915-1935

1925

10,000
90,000
5,000
35,000
40,000
38,000
12,000
24,000
53,000
IS, 000
33,000
20,000
280,000
128,000

101.50
100
101.52
100.014
100.437
100.263
105.65
100
100
loY.363
107..SS.5

105.57
102.25

Drive-

Dist

4

1906-1923

50,000 1/100.61

5

1930

8,000
5,000
105.783
6,000
8,000
100.137
100
5,000
100
6,000
116,000
100.43
30,000
100.025
101.815
40,000
3,000
100
8,000
100
110,656 xlOO
110
12,000
310,521
104.73

524. .Springfield Sch. Dist. No.
36, S.

C

524.. Stephenson Twp., Mich.
229.. Sterling, 111
624.. Sterling, 111
578.. Sterling, Kan
578.. Stratford S. D., Iowa
174.. Sumter, S. C
282.. Taunton, Mass
524.. Teton County. Mont
229.. Theresa, N.Y
524..Timberhill Twp., Kan...
524. .Toledo, Ohio
282. .Tropica Sch. Dist., Cal...

229..TT0V.X. Y
282.. Trumbull Co. Road Dist.
No. 2, Ohio
282.. Tuscarawas Co., Ohio
1 75.. Tuxedo (X. Y.)S.D. No. 6
524.. Union Twp. S. D., Iowa.
282..Utica, X. Y
2S3..Yicksburg, Mich

..

4)4
4
3

4
4)4
3)4
4Y*

4
4)4
4
5

4
5
6
4
4)4

4
4)4

579..Wakonda(S. D.)S.D... 5
525..\Yalden, N.

Y

dl920-1925
1915

1906-1929
1915-1925
1906-1907
1906-1925
1906-1915
1906-1911

4)4
4)4

dl906-1915

5

2S3..WardCo.,N.Dak..

4)4
3)4

525..Waterville, Me
230. .WeatherfordS. D., Tex.. 5
230..Wellston, Ohio
5
579..Wellsville, Ohio
4)4
283..Westfield,N.
4
175. .West Hoboken.N. J
4
230.. West Homestead, Pa
4
230. -West New York, X.J
4Yi
176.. West Springfield. Mass... 4
579..WillitsS. D.,Cal
5
525.. Winnebago Co., Iowa
4

Y

230.. Woodville, Ohio
525.. Xenia, Ohio
176.. Yakima Co. (Wash.) Sch.
Dist. No. 6
_
176. .Yakima Co., (Wash.) Sch.
Dist. No. 77
176..Yalabusher Co., Miss
525.-Yazoo-.Mississippi
Delta
Levee Dist
230..Yonkers Sch. Dist., N.Y.
525..Youni.'stown, Ohio
230._ZanesviUe, Ohio.

1907
1920
f/1925-1945
1915

1917
1909-1912
al913
1925
1935
dl915-1945
1906-1915
1925-1931
1910-1924
1925
1909-1933
1930
1906-1930
1906-1920
1907-1914
1925
1906-1915
1906-1915

4

525..Waldron, Mich...

525..Woodburv, N. J

1918-1923
1911-1918

4
5

102.256
100,000
102.347
25,000
102.22
20,000
15,000 2/100.666
100
41,843
102.50
7,000
5,000
"""
2,000
100
104.016
3,760
104.20
150,000
100.048
35,000
1,999
100
103.916
6,000
105.56
1S.000
101.666
15,000
100,000
103.03
100.143
70,000
108.278
150,000
104.547
50,000
104.166
12,000
10,000
lbY.312
20,500
102
20.557
101.846
38,000
1,200

100

4)4

dl906-1915

5

5

dl930-1955
1920-1922
1900-1910

4

1915

4

4

700
15,000

100
101.34

145,000
27,700
9,850
10,000

100
104.83
102.94
101.588

oAverace of dates of maturity. rfSubject to call in and after the
earlier year and matue in the later year.
feXot including 31,152,648
of temporary loans reported and which do not belong in the list. xTaken

by sinking fund as an investment. yAnd other considerations.
In addition to the above we have recorded during the

month

of July the following sales by municipalities outside
the United States.

BONDS SOLD BY CANADIAN MUNICIPALITIES.
Page.
.\ame.
Rate.
224.. Calgary, Alberta (2 is.).. 5

279..Gananoqne, Ont
4
576...Maple Creek. X. W. T... 6
226. .Medicine Hat, Assa
5
280.. Mont real Catholic Sch.
Dist., Que..
4
227..Xutana Sch. Dist. 869,

W.T

T(J tal

consummate

the sale

in

which the reason

may

for the

be found.

Name of Municipality,
Carrington, N. Dak. (May list)...
621.. Clinton, Minn. (May list).
52.3 .Louisburg Sch. Dist.. N. S. (May list)
Miami. Fla. (March list)
226
227. Qulncy (111.) Sch. Dist. (June list)
228 Salamanca, N. Y. (May list)

Amount
16,500
6,000
10,000

33,000
120,000
15,000

We have also learned of the following additional sales for
previous months:
Mnturitii
Rate.
Amount.
Name.
Price.
Page.
224.. Aliquippa, Pa. (March).. 4Y2
224. -Aspin wall Sch. Dist.,
Pa.(2is.)
4Y2
224.. Augusta Water Dist., Me. 4
27s
H:iv Citv Sch. Dist., Tex. 5
CliamllervilleS. D., 111... 5
224
6
225.. Grace ville, Fla
227.
Hamburg, N. Y
4)4.

.si

5

Cal

above

1925
1906-1920

22, 000
228,000
21,000
8,000
5,000
22,050

107.25
100.44
100.50
103
100

1906-1910

5,000

100.50

1907-1913
1912
1906-1907

7,000
35,000
4,000

103.35

1934
<M915 1945

226..McKinley Sch. Dist. No.
5
18, Minn
227.. Mountain View Sch. Dist.
f,)4

4

103.553

5,000

100

except as indicated are for June.
These additional June issues (less the Quincy item referred to above) will make the total sales (not including tem
porary loans) for that month $18,789,721.
All the

sales

News

—

Items.

—

Philippine Islands.
Bond Offering. Subscriptions will
be received until 2 p. m. Aug. 25 by Capt. Frank Melntyre,
Acting Chief of Bureau of Insular Affairs;, War Department,
Washington, for $1,500,000 4 per cent coupon gold temporary certificates of indebtedness. Authority, Act of
Congress entitled "An Act to establish a standard of value
and to provide for coinage system in the Philippine Islands.!'.
Date Sept. 1 1905. Denomination $1,000. Interest payable
quarterly.
Maturity one year. Securities are exempt from
all taxation, either Federal, State or local.
These certificates
will be at once accepted at par by the Treasury Department
as security for deposits of public money of the United States
in national banks in substitution for State, municipal or
Philippine bonds and certificates of indebtedness now held
to secure such deposits; and in substitution for United States
bonds now held as security for deposits, on condition that
the Government bonds thus released be used as security for
additional circulation whenever, in the judgment of the
Secretary of the Treasury, it is desirable to stimulate an increase in national bank circulation.
A certified check for
1% of the face value of the certificates bid for is required.

Bond Proposals and

Negotiations

this

week

have been as follows
Alliance, Ohio.— Bond Sale.— The $85,000 4% 1-5-year
(serial) street-improvement bonds and the
$16,500 4%
1-3-year (serial) sanitary-sewer bonds offered but not sold
on July 10 have been disposed of to W. J. Hayes &
Sons, Cleveland, at par and interest.
Proposals will be reArlington, Neb. Bond Offering.
ceived until 8 p. m. Aug. 22 by Thos. Fennell, Village Clerk,
for $14,000 5-20-year (optional) coupon water-works bonds.
Denomination $500. Date Aug. 1 1905. Interest semiannually in New York City. Bonds are exempt from village
tax.
Bids to be based on bonds bearing 4%, 43^% or 5

—

—

%

Certified check for $150, payable to J. C. Blackburn, President Village Board, required. The village has
no debt at present.
Interest.

Total bond'sales for July 1905 (253 municipalities covering 325 separate issues)
fcS10,071,024

N.
._.
576. .Prin.. Albert, Sask
576. . Prince AlVrt. Sask
228.. St. Thomas. Ont. (3 is.)..

our paper

of the issue of

failure to

227.. Pembina Co., X. Dak
280..Weedsport, N. Y

Sch.

Pa

Hist..

1906-1925

number

573

6

4)4
4'4
4'A

Maturity.

Amount.

1925-1935

868,000
118,500

1933

Price.

106.994

1906-1925
1925

8,000
25,000

100
101.08

1945

200,000

102.07

1906-1925
1 900-1935
1900-1915

7,0,000

9,000
2,600
47,636

107.833
9S.00
98.00
101.211

$528 ,636

REVISED TOTALS FOB PREVIOUS MONTHS.
The following items, included in our totals for previous
months, should be eliminated from the same, as the sales
have not been carried to completion. We give the page

Ashland, Ohio.— Bond Sale.— On July 10 the $14,700 5%
(average) coupon street-improvement bonds were
awarded to the First National Bank of Ashland at 102.80.
On the same day the $7,700 5% 4-year (average) coupon
street-improvement bonds were awarded to Elza McConnell
at 104.
See V. 80, p. 2634, for description of bonds.
Avalon, Allegheny County, Pa. Bond Offering. Proposals will be received until 7:30 p. m. Aug. 10 by E. E.
Custard, Borough Clerk, No. 418 Forest Avenue, Avalon,
for the $3,500 Health Department, the $5,000 bridge and
the $2,000 borough-hall improvement 4% bonds voted at
the election held June 3.
Denomination $500. Date July 1
4-year

—

—

.Maturity
1905.
Interest semi-annually, free from tax.
$500 yearly on July 1 from 1915 to 1913 inclusive and
$1,000 July 1 1934. Certified check for $1,000 required.
Bangor, Pa. Bonds to be Issued. It is stated that this
place will issue $30,000 building and bridge bonds.
Bay City, Mich.— Bond Sale.— On July HI the $75,000 4%
local-improvement debentures described in V. 81, |>. 520,
were awarded to R. L. Day & Co. of Boston for 875,071 25.
This disBells (Tex.) School District.— Bonds Voted.
trict on July 26 voted to issue >>10,000 5% 3-40-year (optional) school bonds.
So sale has
Bennetts ville, S. 0.—Bonds Not Yet Sold.
yet been made of the S">,000 4}4% 20-40-year (optional)
We are inelectric-light bonds described in V. 80, p. 1747.
formed, however, that negotiations arc ao* pending for the
sale of these bonds.

—

—

—

—

THE CHRONICLE.
N. M. — Bond Town Clerk (P.

574

Bernalillo County (P. O. Albuquerque),
Sale.—On July 24 the $70,400 20-30-year (optional; refunding bonds described in V. 81, p. 27*, wen' awarded to N. W.

Harris

&

Co. of Chicago at par for 4*^ per cents.
Bids
wore also received from Spitzer & Co, of Toledo and from
John Nuveen & Co., E. II. Rollins & Sons and !'. EL. Fulton
& Co. of Chicago.

Bird Island, Minn.— Bond Sale. —On July 2!) the $7,000
20-year water and light bonds described in V. si p. 521,
were awarded to F. E. Magraw of St. Paul for $7,250.
Blair County (P. 0. Hollidaysburg
Pa. Bond Sale.
On July 29 the $100,000 3.05% 10-30-year (optional)

5%

not

exceeding

[Vol. lxxxi.
O. Tamarack), for $3,500 20-year bonds at
interest.
Securities are dated July 1

6%

1905.

—

—

Cleveland Heights, Ohio. Bond Sale. On July 25 the
seventeen issues of 4}^ </l
jment bonds aggregating
$90,665, a description of which was given in V. 81, p. 169,
were awarded to Lamprecht Bros. & Co. of Cleveland at
101.276.

—

—

registered insane-building bonds described in V. 81, p. 278,
were awarded to W. J. Hayes & Sons, Cleveland, for $11

Coal Township, Perry County, Ohio. Bond Offering.
Proposals will be received until 12 m. Aug. 14 by John D.
Martin, Township Clerk (P. O. New Straitsville) for $19,000
6% coupon road bonds. Denomination $500 except two
bonds for $1,000.
Date Aug. 14 1905.
Interest semiannually on March 1 and Sept. 1 at the .Martin Bank Co. of

premium.

New

,

)

—

—

—

,

—

Boston, Mass. Bond Sales. The following bonds were
issued during the month of July to local funds:
310,000 3>i % 30-year park bonds sold at. par to the Public Library of Boston. Date
July 1 1905.
5,000 3^2% 30-year park bonds sold at par to the Teachers' Retirement Fund.
•
Dale July 1 1905.
•
•

Bridge ton, N. J .—Description

of

Bonds.—The $15,000

4%

,

Straitsville.

$500.. Mar.
500.. Sept.
500...Mar.
500.. Sept.
500. .Sept.
500. .Sept.
500. .Mar.
500. .Mar.
500_.Mar.

Maturity as

1008
1909

$500. .Mar.
500.. Sept.

1911

500...Sept.

1

1912
1913
1914

1

191(1

1

1917
1918

500. .Sept
500.. Sept.
500.. Mar.
500. .Mar.
500..Sept.
500.. Mar.

1
1

1
1

1

1

1
1
1

1
1
l

1

1
1

1919

follow.-:

|500..Mar.

500.. Sept.
500. .Mar.
500.. Sept.
500.. Mar.
1922,
BOO sept.
1924
500.. Sept.
1924 1,000.. Mar.
1925| 500. .Sept.
19 19

1920
1921
1922

1

1
1
1
1
1
1

1
1

19261 $500. .Mar.
1926
500.. Sept.
19271
500.. Mar.

1

1

1

1927
500..Sept.
1928
500.. Mar.
1928 1,000.. Sept.
1929
500.. Mar.
1930
500.. Sept.
1930
500.. Mar.

1

1
1

1
1
1

1931
1931
1932
1932
1933
1933
1934
1935
1936

Accrued interest to be paid by purchaser. Certified check
for 1% of the bonds bid for required.
Columbia, S. C. Bond Offering. Proposals will be rethe office of the City Treasurer.
Maturity Sept. 1 1925. ceived
until 2p.m. Sept. 1 by the City Clerk and Treasurer
Bonds are exempt from taxation. Barton S. Sharp is City
for
$400,000
4% coupon water- works bonds. DenominaComptroller.
tions
300 bonds of $1,000 each and 200 bonds of $500 each.
Bristol County (P. O. Taunton), Mass.
Bond Sale. On
Aug. 1 the $30,000 4% 5-year building notes described in Date July 1 1905. Interest semi-annual. Maturity July 1
V. 81, p. 278, were awarded to Adams & Co. of Boston at 1945. Certified check for $15,000 required.
101.711
a basis of about 3.624%.
Following are the
The official notice of this bond offering will be found among
bids:

coupon refunding bonds mentioned in V. 81, p. 169, will be
offered for sale about the middle of this month.
Denomination $500.
Date Sept. 1 1905. Interest semi-annually at

—

—

—

—

—

Adams &

Co., Boston
101.711 Blake Bros. & Co., Boston
Blodgct. Merritt & Co., Boston.. 101. 71
E.H.Rollins &Sons, Boston
Cambridge Trust Co
101 .59
S. A. Kean, Chicago
R. L. Day A Co., Boston
101.567

—

101.46
101.377
.101.30

|

—

Brookings (S. Dak.) School District. Bond Sale. On
July 28 the $12,500 5% 10-20-year (optional) school-building bonds described in V. 81, p. 169, were awarded to Albert
C. Case of New York City at 106.80 and interest.
Following are the ybids:
Albert C. Case, New York
S13.350IN. W. Harris & Co. .Chicago
812,816
"
R. Kieybolte & Co., Cincinnati . 13,151 Farson.
Leach & Co., Chicago
12,750
F. A. Magraw, St. Paul
13,100 C. H. Coffin, Chicago
12,701
Minn. Loan & Tr. Co., Minn'polis.al2,935 And four others
<_ S A. Kean, Chicago.

12,875

.

And blank bonds.
Brookside, Ohio. Bond Offering.
Proposals will be received until 12 m. Sept. 2 by John C. Curtis, Village Clerk,
for $1,250 water and $1,250 sewer 5% 10-year bonds.
Denomination $250. Date Sept. 1 1905. Interest semiannual. Accrued interest to be paid by purchaser.
Buffalo, N. Y.
Bond Issues. The following issues of
bonds have been authorized:
a

—

—

3%

judgment bonds dated July 24 1905 and maturing July 1 1906.
Bonds to be taken at par by the New York Chicago & St. Louis Railroad
Grade Crossing Bond Sinking Fund as an investment.
5,000 00 4% Department of Assessment bonds dated Aug. 1 1905 and maturing
July 1 1906. Bond to be taken at par by the Bailey Ave. Sewer Sinking

$1,883 83

the advertisements elsewhere in this department.

—

—

Columbus Grove, Ohio. Bond Offering. Proposals will
be received until 12 m. Aug. 29 by M. D. Long, Village Clerk,
Denominafor $12,300 5% Sycamore Street paving bonds.
tion $1,230.
Date Sept. 12 1905. Interest annual. MatuAccrued interest to be paid by purchaser.
rity ten years.
Certified check for 4% of the amount of bonds bid for, paySuccessful
able to the. Treasurer of the Village, required.
bidder must furnish blank bonds free of charge. These
bonds were recently awarded to P. S. Briggs & Co. of Cincinnati (see V. 81, p. 521), but were subsequently refused on
the stated grounds of irregularity in the published notice of
sale.

—

Cook County (P. O. Chicago), 111. Bond Bid.—The onlv
bid received July 31 for the $250,000 4% 1-year bonds described in V. 81, p. 278, was that of the State Bank of Chicago, which institution offered $10 premium for the issue.
Bond Sales
Cookville (Tex.) Independent School District.
On July 27 the State Board of Education purchased at par
the $4,000 5% 10-20-year (optional) school-house bonds registered by the State Comptroller on July 21. Bonds are dated
June 1 1905.

—

—

Delhi, Ohio.—Bond Sale.—On July 31 the $3,000 5%
20-year coupon street-improvement bonds described in V. 81,
p. 225, were awarded to the Cincinnati Trust & Safe Deposit
Co. at 114 and interest a basis of about 3.979%. Following
Buford, Ga. Bond Sale. We are informed that the $10,- are the bids:
000 light, the $6,000 water and the $4,000 school 5% bonds, Cincinnati Tr. & Safe Dep. Co. .S3, 420 00 Seasongood & Mayer. Cincin...$3,323 5
mentioned in last week's issue, have been purchased at par Weil, Roth & Co., Cincinnati... 3,365 00 W. R. Todd- & Co.. Cincinnati.. 3.255 00
Douglas County (Wash.) School District No. 70. Bond
by the Robinson-Humphrey Co. of Atlanta. Denomination
On July 22 $1,000 6% 5-10-year (optional) building
Sale.—
Interest January and July.
$1,000.
Maturity from 1911
bonds were awarded to the Spokane & Eastern Trust Co.
to 1930 inclusive.
Caldwell (Idaho) School District. Description of Bonds. at par. Denomination $500. Interest annual.
Dover, Ohio. Bond Offering. Proposals will be reThe $8,000 5% school-house bonds recently sold to the
State of Idaho at par (see V. 81, p. 278), are in denomination ceived until 12 m. Aug. 19 bv J. F. Defenbacher, City Audiof $500, dated Julv 1 1905.
Interest semi-annual.
Matu- tor (P. O., Canal Dover), for $3,200 5% 10-13-year (serial)
paving and curbing bonds. Denomination $800. Date
rity July 1 1925, subject to call after July 1 1915.
Interest semi-annual.
Accrued interest to be
Oct. 1 1905.
Carthage (N. Y.) Union Free School District No. 1.
Bonds Not Sold.— All bids received July 31 for the $28,000 paid by purchaser. Certified check for 10% of bonds bid
for, payable to the City Treasurer, required.
high-school bonds described in V. 81, p. 521, were rejected.
Durham, N. C.—Bond Sale.— On July 31 the $50,000 4}4%
Cass County (P. O. Logansport), Ind. Bond Offering.
Proposals will be received until Aug. 8 by the County 30-year school bonds described in V. 81 p. 279, were awarded
Treasurer for $5,600 4*^% coupon gravel road bonds of to Estabrook & Co. of Boston at 105.11 a basis of about
4.20%. Following are the bids:
Jackson Township.
Fund

4%

as an investment.

Departmentof Public Works bonds dated Aug. 1 1905 and maturing
Aug. 1 1906. Bonds to be taken at par by the New York Chicago & St.
Louis Railroad Grade Crossing Bond Sinking Fund as an investment.
292,133 48 3y2 % 5-year tax bonds dated Sept. 1 1905.
16,457 90

—

—

—

1

—

\

—

—

—

—

—

—

—

—

,

—

—

—

—

$51,200
$52,555 00|O Connor & Kahler, N. Y
Estabrook & Co., Boston
Seasongood & Mayer, Cincin.. 52,137 00 Sanborn & Co., Port Huron.. 51,000
Union Sav. Bk. & Tr. Co.,Cin. 51,915 00 Central Trust & Safe Deposit
_.. 50,975
Co., Cincinnati...
Townsend, Scott & Son, Bait. 51,91125
F. L. Fuller & Co., Cleveland. 51.555 00 W. R. Todd & Co.. Cincinnati 50,750
50,142
N. W. Harris & Co., N. Y
Hambleton & Co. and
Baker, Watts & Co., Bait.. 51,392 50 W. J. Hayes & Sons, Cleve... 50,025
50,000
Weil, Roth & Co., Cincinnati. 51,211 00 Durham Loan & Trust Co
-

—

Castana, Iowa. Bond Election. A special election, it is
stated, will be called in this town to vote on the question of
issuing $2,500 pumping-station bonds.
Central Lake, Mich.—Bonds Defeated. This place recently defeated a proposition to issue $20,000 water and
light bonds by a vote of 67 for to 102 against.
Charleston School District No. 34, Kitsap County, Wash.
—Bond Sale.—On July 25 $3,000 6% 5-10-year (optional)
bonds of this district were awarded to Wm. D. Perkins &
Co. of Seattle at 100.50 and blank bonds free of charge.
Denomination $100. Interest annual.
Chester Township School District, Burlington County,
N. J.— Bond Sale. On Aug. 1 the $30,000 4% 4-18-year
(serial) coupon bonds described in V. 81, p. 521, were awarded to the Burlington County Safe Deposit & Trust Co. of
Moorestown at 101.116. Following are the bids:
Burlington Co. S. D. & Tr. Co. ..830,335 H. L. Crawford & Co., N. Y
§30,084
Harde, Bonner & Co., New York 30,240 Camden Safe Dep. & Tr. Co
30 078
Howard K. Stokes, New York.. 30,102 Sec. Trust Co., Camden
30,015
Clark, Maitkin County, Minn.
Bond Offering. Proposals will be received until 2 p. m. Aug. 12 by S. W. Barott,

—

1

—

00
00
00
00
00
00
00

Bond
12, Clay County, Neb.
Offering.— Proposals will be received until 8 p. m. Aug. 11 by
S. W. Christy, Secretary Board of Trustees, for $21,000 4J^%
Edgar School District No.

Date July 1 1905. Interest semi-annually at the
Maturity $5,000 July 1 1910,
the County Treasurer.
$5,000 July 1 1915, $5,000 July 1 1920 and $6,000 July 1
Certified check for $500, payable to the District
1925.
AsDistrict has no debt at present.
Treasurer, required.
sessed valuation 1904, $211,972.
Elmwood Place School District, Ohio. Bond Sale. On
July 28 the $7,000*4% 13-year (average) refunding bonds
described in V. 81, p. 45, were awarded to Weil, Roth & Co.
a basis of about
of Cincinnati at 101.60 and interest
3.843%. Following are the bids:
bonds.

office of

—

—

—

Weil

Roth

&

Central Trust
Cincinnati

Co., Cincin

&

Safe Dep. Co.,

$7,112 00 Seasongood
|

I

7,070 70)

&

Mayer, Cincin.. $7,055 00
Cincinnati.. 7,000 00

W. R. Todd & Co.,

—
Aug.

THE CHRONICLE.

5 19k5.

I,—Bond Sale— On

Englewood, N.

2 S7r>.000

Aiii;.

I"

school bonds were awarded to N. W. Halsey & Co. of New
DenomiYork City at L03.058 -a basis of aboul 3.828'
Maturity Sept.
1905.
1935.
DateSept.
nation 11,000.
Minn. — Bond Offering. ProErskine, Polk County,
by L. K. Larposals will be received until 7:30 p. m. Sept.
funding bonds.
Authson, \ ilhii^o Recorder, for $3,000
Denomination $500. Inority election held July 11 11)0").
Maturity SI, 000 in six, SI, 000 in eight
terest semi-annual.
and $1,000 in ten years.
,

.

1

I

—

1

.">'

j

Essex County, Mass.

— Loan

Offering.

— The County Com-

missioners will receive proposals until Aug. 7 for $55,000
Authority Chapter 254,
1-year notes dated Aug. 10 1905.
Laws of 1905.
Fall River,

Mass.

— Temporary Loan. —The City Treasurer

has borrowed §100,000 for four months from F. S. Moseley
a Co. of Boston at about 3.37'"; discount.
This
Falls County (P. O. Marlin), Tex.— Bonds Voted.
county has voted to issue bonds for bridge purposes.
Fayetteville, N. C.—Bond Sale.— On Aug. 1 the $30,000
'-year eleetrie-light and funding bonds described in
V. 81, p. -79. were awarded to Seasongood & Mayer, CincinFollowing are the bids:
nati, at 100.40 and blank, bonds.
>ogood * Mayer, Clnn.__a$$31.920|Sanborn A Co.. Port Huron... $31,201
John Nuvecn & Co., Chicaco.. 31,127
Bank of Fayetteville. Fayettevllle
o 31.915 E. Seymour & Co.. New York. 30,993
F. M. Stafford .t Co.. Chatt
031,905 S. A. Kean, Chicago
30,960
31,8291 W. J. Hayes * Sons. Cleveland.
30,900
F. L. Fuller * Co.. Cleveland..
Kllenwood
Hank of Fayetteville
31,800 Browne,
& Co.. Chic. 30,703
3 1, 780 Southern Heal Estate Co
Farson. Leach A Co., Chleasro..
30,750
In. Saw Bk. ATr.Co.,( incin.. 3 1,626 W. R. Todd & Co., Cincinnati.. 30,500
Weil. Roth A Co., Cincinnati...
31.4751
Findlay, Ohio.
Bond Offering. Proposals will be received until 12 m. Aug. 28 by W. Demland, City Auditor,
for $14,000 5% Washington Street paving bonds.
Denomination $500. Date April 1 1905. Interest semiannual.
Maturity $500 each six months from April 1 1906
to October 1 1911 inclusive; $1,000 each six months from
April 1 1912 to Oct. 1 1915 inclusive.
Accrued interest to
be paid by purchaser.
Certified check for 3% of the bonds
bid for, payable to the City Treasurer, required.
Frankhnton (N. C.) Graded School District. Bond Sale.
—The $10,000 5 r ; 30-year school bonds dated July 1 1905
were awarded on July 17 to the Citizens' Bank of Franklinton at 105.55— a basis of about 4.65^%. See V. 81, p. 171,
and V. 80, p. 2635, for description of bonds.
Gadsden, Ala. Bonds Voted. This city on July 24 authorized the issuance of $150,000 bonds by the following vote:

—

•

1

1

—

—

—

—

•

—

$100,000 water-works bond. Note 181 to 80.
30.000 seweraee bonds. Vote 216 to 43.
20.000 street-paving bonds. Vote 1S8 to 55.

Galesburg,

—Bids

—

rejected.
All bids received Aug. 1
coupon building bonds were rejected.
Denomination $1,000. Date Aug. 1 1905. Interest semi111.

for the $70,000

4%

annually at the First National Bank of Chicago.
Maturity
$17,000 Aug. 1 1910. $18,000 Aug. 1 1915, $17,000 Aug. 1
1920 and $18,000 Aug. 1 1925.

—

Gallatin County (Mont.) School District No. 7.
Bond
Sale.— On July 22 $21,000 4^% 10-20-year (optional)
school-house bonds were awarded to Mason, Lewis & Co.
Chicago for $21,503. Denomination $1,000. Date
of

Aug.

1

1905.

Garfield,

N.

Interest semi-annual.
J.

—Bond

Offering.

— Proposals

will

be

re-

by Frank E. Kane, Borough
coupon or registered bonds. Denomi-

ceived until 8 p. m. Aug. 16

Clerk, for $74,000 4%
nation $1,000.
Date Sept. 1 1905. Interest semi-annually
at the People's Bank & Trust Co. of Passaic.
Maturity
$15,000 in ten years, $15,000 in fifteen years and $44,000 in

twenty 3-ears. Legality of issue
D. Sullivan, Borough Attorney.

be approved by Adrian
on a State
or national bank or trust company for 5% of bonds bid for,
payable to the Borough of Garfield, required.
The official notice of this bond offering will be found among
will

Certified check

the advertisements elsewhere in this department.

Gettysburg,

Pa.—Bonds

Authorized.

—The Town

Council,

4%

stated, has authorized the issuance of $30,000
l-30-year (serial) sewer and $3,000 3.90% 1-30-year (serial)
redemption bonds. Denomination of sewer bonds $500
and of redemption bonds $100.

it

is

Mass.— Bond Sale.— On July 20 an issue of
$30,000 4% water bonds was awarded to E. II Rollin
Sons of Boston at 105.776. Denomination $1,000. Date
April
1905.
1
Inter
mi-annual.
Maturity $1,000
yearly from 1906 to 1935 inclusive.
Hailey (Idaho) School District No. 7. Bond Offering.
The Board of Trustees is offering for Bale $5,000 school bonds.
Denomination $500. Interest Jan. 1 and July 1.
Maturity
1500 yearly on July 1 from 1906 to 1915 inclusive.
•Hampshire, 111.— Bond Safe.—The $3,000 v,
idewalk
bonds voted at the election held April is 1905 have bi en sold
to home investors.
See V. 80, p. 2470, for description of
bonds.
Gloucester,

.

—

—

Haviland (Ohio; School District .—Band Sale.—This

dis-

has sold an issue of $8,000
school-house bondHazlehurst, Miss.
Bonds Voted. This city on July 25
authorized the issuance of $10,000 school, water and Ugh1
bonds.
trict

•">'

—

.

J

—

575

Hollywood City School District, Los Angeles County,
Bond Offering. Proposals will be received until 2 p.m.
Aug. 22 by C, G. BLeyes. County Clerk, for the $7,000 5%

Cal.

—

—

bonds authorized at the election held July 8.
Denomination
$1,000.
Interest annually at the office of the County TreasMaturity $2,000 Aug. 22 1910 and $5,000 Aug. 22
urer.

0%

Certified check for
or " 1( amount 01 bonds, pay1915.
able to the Chairman Hoard of Supervisors, required.
Hudson County (P. O. Jersey City), N. J. Bond Sale.—
The Sinking Fund Trustees have purchased at par $3S,()()0
'

—

4%

and

30-year road-depart meiit
Paterson Plank Road bonds.
Interest semi-annual.
1905.

$100,000

4%

10-year

Aug.

Securities are dated

—

1

—

Idaho Falls, Idaho. Bonds Defeated. This city recently
voted against a proposition to issue $37,250 water-worksiniproveinent bonds.
Independence, Kan. Bond Sale. This city has sold an
issue of $100,000 5%Uvater-works bonds toH. C. Speer & Co.,
Denomination $500. Date Aug. 1 1905. InterChicago.
Maturity $10,000
est semi-annually in New York City.
yearly on Aug. 15 from 1916 to 1925 inclusive.
Jackson, Mich. Bond Offering.
Proposals will be received until 5 p. m. Aug. 7 by Jode Harrington, City Kccorder, for $5,000 3J^% 6-year detention-hospital and $20,000 3J^% 7-year intercepting-sewer bonds. Denomination
Date Sept. 1 1905. Interest annual.
$1,000.
Jersey Shore, Pa. Bonds Voted. This borough on July 27
by a vote of 323 to 25 authorized the issuance of $20,000 4%
(optional)
Allegheny Avenue Improvement
10-30-year
bonds.
Keyser, W. Va. Bond Election. It is stated that an
election will be held Aug. 8 to vote on the question of issuing
$20,000 paving and sewer bonds.
Kewanee Township, 111. Bonds Voted. This township
on July 25 voted to issue $15,000 library bonds.
Knox County (P. O. Vincennes), Ind. Bond Sale. The
$3,479 4}4% gravel-road bonds described in V. 81, p. 46,
have been sold to the Second National Bank of Vincennes
for $15 premium.
Lakewood, Ohio. Bond Sale. On July 25 the following
bonds were awarded to W. J. Hayes & Sons, Cleveland, for
$25 premium:
$8,200 5% 1-10-year (serial) W'agar Avenue paving bonds.
7,800 5% 1-10-year (serial)) Sloane Avenue sewer bonds.
5,850 5% 1-10-year (serial) Sloane Avenue water bonds.
3,000 5% 1-10-year (serial) Matthews Avenue sewer bonds.
2,750 5% 1-10-vear (serial) Matthews Avenue water bonds.
2,000 5% 1-10-year (serial) Edanola Avenue water bonds.
1,700 5% 1-10-year (serial) Edanola Avenue sewer bonds.
1,225 5% 1-10-year (serial)Park Row water bonds.
8,000 5% 1-5-year (serial) Lake Avenue grading bonds.
Bond Offering. Proposals will be received until 12 m.
Aug. 14 by Henry J. Sensel, Village Clerk, for $7,500 5%
coupon general-improvement bonds. Denomination, $750.
Date Aug. 14 1905. Interest semi-annually at the Cleveland
Maturity $750 yearly on Oct. 15 from 1906 to
Trust Co.
Certified check on a Lakewood or Cleveland
1915 inclusive.
bank for $500, payable to the Treasurer of the village of
Lakewood, required. Purchaser must pay accrued interest.
On July 15 the $500 5%
Lancaster, Ohio. Bond Sales.
1-year epidemic bond and the $500 5% 2-year sewer bond
described in V. 81, p. 46, were awarded to the Hocking
Valley National Bank of Lancaster for $505.25 and $510.45
respectively.
The $3,500 4% street bonds offered on the
same day were awarded, as stated last week, to the Fairfield
National Bank of Lancaster for $3,530.
Lewisburg (Ohio) School District. Bonds Defeated.
This district by a vote of 64 for to 108 against recently defeated a proposition to issue $15,000 school-house bonds.
Lima, Ohio. Bids. Following are the bids received recently for the $20,000 5% Elm Street and $8,100 5% Jackson Street bonds awarded, as stated two weeks ago, to W. J.
Hayes & Sons of Cleveland:

—

—

—

—

—

—

—

—

—
—

—

—

—

—

—

—

—

—

—

—

$8,100
$20,000
Bonds.
Bonds.
$S.3fi8
00
$20,745 00
20.715 00
8,312 00
8,337 00
20.702 00
20,668 25
8,337 25
8,323 50
20,660 00
8,330 0O
20,625 00
20,601 00
8,302 00
(for both Issues) $28,302

W.

J. Hayes & Sons, Cleveland...
Well, Both & Co., Cincinnati
Denison, Prior & Co.. Cleveland and Boston
Seasongood & Mayer, Cincinnati.

Xew

First National

Lima Trust

Hank, Columbus

Co., Lima
<t Co., Cincinnati..
Bros. & Co., Cleveland

W. K.Todd
Lampreeht

—

—

Listowel, Ont.
Debentures Defeated. This place has
voted against a proposition to issue $16,000 bridge debentures.

—

Bond
Liverpool Township, Columbiana County, Ohio.
Sale.— On July 31 the $29,000 4^% road-improvement
bonds maturing $1,000 yearly on Aug. 1 from 1910 to 1930
inclusive and $2,000 yearly 1931 to 1934 inclusive were
awarded to Ceo. A. Gaston at 101.103 and interest. These
bonds were described in V. 81, p. 280. The following bids
were received:
Qeo. A. Gaston..
Seasongood A Mayer, Clncta

129.320 00 Union Sav. B*
29.310 00 Denison, I'rior
and Boston.
1

I

—

a"

A

rt

'"-..$29.290 00

(

29,205 50

be reLowell, Mich.— Bond Offering. Proposals
ceived until 5 p. m. Aug. 11 by Thomas A. Murphy, Village
DenominaClerk, for $12,000 4% coupon bridge b
emi-annually
Intel
tion $l,ooo.
L905.
Date Sept.
Maturity $ 1.000
at the Old National Bank, Grand Rapids.
mied
from 1909 to L920 inclu
yearly on Sept.
check for $300 required.
Presenl bonded debl $23,000.
\
d valuation $0*0.000. Real valuation (est.) $900,000.
will

l

I

i

THE CHRONICLE.

576

—

—

Lorain, Ohio. Purchaser of Bonds.
We are advised that
the Sinking Fund Trustees took the $3,000 sewer-repair
bonds which we stated last week had been sold.
Lovelocks, Humboldt County, Nev. Bond Sale. This
place recently sold an issue of $12,000 water-works bonds.
Madison, Wis. Bonds Voted. This city on July 25 by a
vote of 2,478 to 2,191 authorized the issuance of $250,000
20-year high-school-building bonds at not exceeding 4%
interest.
Date of sale not yet determined.
Manitoba. Debentures Offering. Proposals will be received until Aug. 20 by J. H. Agnew, Provincial Treasurer
(P. O. Winnipeg), for the following debentures:

—

—

—

—

—

$10,455

4%

100,032

1

4%

1

1

1905.

Maturity

1905.

Maturity

1930.

47 debentures
Sept.

25,000

Date Sept.

debentures of Drainage District No. 3.

Sept.

or

Date Sept.

Drainage District No. 14.

1

1935.

Maturity Jan.

debentures of Central Judicial District.

1

1924.

[Vol. lxxii

105— a basis of about
Interest semi-annual.

4.688%.

Date

of

bonds July 15 1905.

—

—

School District No. 34. Bonds Not Sold.
6% 20-year building bonds offered on Aug. 1
were not .sold. The highest bid received was 109 from S. A.
Kean of Chicago. See V. 81 p. 227, for description of bonds.
Munhall (Pa.) School District. Bond Election. An election will be held Aug. 29 to vote on the question of issuing
$15,000 school bonds.
Napanee, Ont. Debenture Offering. Proposals will be
received until Sept. 1 by W. A. Grange, Town Clerk, for
$35,000 4% electric-light debentures, maturing part yearly
Mullins

(S. C.)

The $10,000

—

,

—

—

—

for thirty years.

—

New Castle County (P. O. Wilmington), Del. Bonds
Proposed.
The Trustees of the New Castle County Workhouse recently requested the Levy Court to issue $75,000
refunding and $65,000 improvement bonds.

—

Denomination $1,000. Interest semi-annually at the
Union Bank of Canada, Montreal.
New Hanover County (P. O. Wilmington), N. C. Bond
Manitowoc County (P. O. Manitowoc), Wis. Bond Offering. Proposals will be received until 12 m. Aug. 30 by
Proposals will be received until 1 p. m. Sept. 1 the Board of Commissioners, D. McEachern, Chairman, for
Offering.
by Edward Schaffland, County Clerk, for $150,000 4% $50,000 4% 30-year road-improvement bonds. Interest
Denomination $1,000. semi-annually in Wilmington or New York City, at option of
3-20-year (serial) court-house bonds.

—

—

—

—

Certified check for 5% of bid required.
Grove, Neb. Bonds Voted. Bond Offering.
Mankato, Kan. Bonds Voted. This place has voted to This village on July 24 by a vote of 97 to 34 authorized the
issue $10,000 public-hall bonds.
issuance of $6,000 5% 5-20-year (optional) light bonds.
Mansfield, Ohio. Bond Sale. On July 29 the seven issues Proposals for these bonds will be received until 12 m. Aug. 24
Interest annually on Sept. 1
of 5% street and sewer bonds aggregating $31,400 were by S. M. Judson, Village Clerk.
awarded to the Mansfield Savings Bank, Mansfield, for $100
Newton, Miss. Bonds Not Sold. No sale has yet been
premium. See V. 81, p. 280, for description of bonds.
made of the $10,000 5% street-improvement bonds offered
Maple Creek, N. W. T. Debenture Sale. On July 24 the on July 15. See V. 81, p. 47, for description of bonds.
$8,000 5% debentures described in V. 80, p. 1872, were
Northumberland and Durham Counties, Ont. Debenture
awarded to Geo. A. Stimson & Co., Toronto, at par. Secu- Offering. Proposals will be received until Aug. 15 by Neil
rities mature part yearly for twenty years.
F. Macnachtan, Treasurer of the United Counties of NorthMarion, 111. Bond Offering. Proposals will be received umberland and Durham (Post Office Cobourg), for $20,000
debentures.
Date July 1 1905. Interest semiuntil Aug. 14 by C. H. Denison, Mayor, for $20,000 4%
sewer-improvement bonds. Interest annual. Maturity, annual. Maturity June 19 1915. Present debt of the United
Counties is $20,000; sinking fund, $15,506 50. Assessed
$2,000 yearly from 1908 to 1917 inclusive.

Certified check for
Interest semi-annual.
the County Treasurer, required.

—
—

3%, payable

to

purchaser.

—
—

—

—

Newman

—

—

—

—

—

—

—

—

4M%

—

Marksville, La. Bond Offering. It is stated that proposals will be received until Aug. 29 for $15,800 water- works
and electric-light-plant bonds.
Mendon (Mo.) School District. Bond Sale. On July 20
the $5,000 5% 10-year school bonds registered by the State
Auditor on July 5 were sold to G. W. Ingram. Denominations one bond of $1 ,000; eight $500 each.
Date July 1 1905.
Interest annual.
Mentor (Ohio) School District. Bonds to be Issued. It
is stated that this district will issue bonds for a school building.

—

—

—

—

—

No sale has yet been
5-20-year (optional) water bonds
on July 11.
Miamisburg (Ohio) School District. Bond Election. An
election will be held Aug. 10 to vote on the question of issuing,
the $50,000 school-house bonds mentioned in V. 8l', p. 280.
Miles City, Mont.—Bond Sale.— On July 25 the $10,000
4% 10-15-year (optional) water-improvement bonds described in V. 81, p. 47, were awarded to W. B. Jordan of
Miles City at 101.40 and accrued interest.
Following are
the bids:
Merna, Neb.

Bonds Not Vet Sold.

5%

made

of the $7,000
offered without success

—

—

101.40 Trowbridge & Niver Co., Chicago.. 98.00
alOl.01 Kane & Co., Minneapolis
92.50
100.00

W.B.Jordan, Miles City.
H. Coffin, Chicago

C.

Halsey & Co., Chicago
a And blank bonds.

N.

W.

—

—

Mill Creek (Mich.) School District. Bonds Defeated.
This district on July 22 by a vote of 11 for to 21 against
defeated a proposition to issue bonds for a school house.
Minot (N. Dak.) School District. Bond Election. An
election, it is stated, will be held in this district to vote on the
question of issuing $14,000 school-building bonds.

—

Milton (Boro.), Pa.

—Bond

Offering.

— Proposals

will be
Miller, Town

received until 8 p. m. Aug. 15 by Wm. C.
Clerk, for $30,000 4% coupon funding bonds ("Series B")
free from all taxes.
Denomination $500. Date Oct. 1 1905.
Interest semi-annual.
Maturity $1,000 yearly on Oct. 1
from 1906 to 1935 inclusive. Certified check for 2% of the
amount bid, payable to Edward Weidenhamer, President
Borough Council, required. These bonds (but subject then
to the four-mill State tax) were offered on July 25 but not sold.

—

Monroe, Mich. Bond Election. An election, it is stated,
be held Aug. 15 to vote on the question of issuing $65,000 trunk sewer bonds.
Morehead, N. C.—Bond Sale.— On July 3 the $15,000 5%
25-year coupon bonds described in V. 80, p. 2637, were
awarded to the Browne-Ellinwood Co. of Chicago at 104.24.
Morganton (N. C.) Graded School District.—Bond Sale.
On July 27 the $12,500 5% 20-year school bonds described
in V. 81, p. 47, were awarded to C. A. Webb & Co. of
Asheville at 104.20 a basis of about 4.67J^%. Following
will

—

—

are the bids:
C.A.Webb & Co.,

—

valuation as equalized, $26,500,250.
Orange Township School District (P. O. Leesville), Ohio.
—Bond Sale.—On July 22 the $3,500 4% 2-5-year (serial)
school-building bonds described in V. 81, p. 281, were
awarded to A. N. Dutton at par.
Paris, 111.
Bonds Authorized. On July 17 the City
Council passed an ordinance providing for the issuance of
Denomi$5,000 5% coupon Madison Street paving bonds.
Interest annually on May 1 at the office of
nation $1,000.
Maturity $1,000 yearly on May 1
the City Treasurer.
from 1906 to 1910 inclusive.
Pensacola, Fla .— Details of Bonds.—The $750,000 gold
improvement bonds, the question of issuing which will be
submitted to a vote on Aug. 22, will answer to the following

—

—

•

description:
$250,000
250,000
150,000
75,000
25,000

for purchase or construction of water works.
for system of sewerage and drainage.
for paving and improvement of streets.
for city hall building and site.
for police station and jail building and site.

Denomination $1,000, Date Oct. 1 1905 or later. Interpayable Jan. 1 and July 1. Matuest at not exceeding
rity 30 years subject to call, $350,000 after 20 years and
$150,000 after 25 years.

5%

Peterborough, N. H.
local investors

an issue

Pinole -Hercules

—

Note Sale. This
of $5,000 notes.

Union School

town has

sold to

Contra

Costa

District,

Cal—Bond Sale.— On

July 24 $12,000 5% 1-24-year
(serial) gold bonds were awarded to the Oakland Bank of
Savings of Oakland at 106.71 a basis of about 4.30%.
Denomination $500. Interest semi-annual.
Pittsburgh Minersville Sub -School District, Pa. Bond
An election will be held Aug. 22 to vote on the
Election.
Oscar
question of issuing $300,000 school-building bonds.
E. Adams is Secretary of District.
Plymouth, Ohio. Bond Sale. The highest bid received
July 25 for the $6,000 5% 5-16-year (serial) coupon waterworks and electric-light bonds described in V. 81, p. 173,
was that of Denison, Prior & Co. of Cleveland and Boston,

County,

—

—

—

—

at 106.7125.

—

Proposals will be rePontiac, Mich. Bond Offering.
ceived until 7 p. m. Aug. 9 by Joseph H. Thorpe, City Clerk,
sewer bonds.
Denomination $1,000. Interfor $3,000
Maturity $1,000 April 1 1915 and $2,000
est semi-annual.
Certified check for $100, payable to the City
April 1 1916.
Treasurer, required.
Debenture Sale. On July
Prince Albert, Sask., Canada.
20 the $50,000 4*^% debentures maturing part yearly for
debentures maturing part
thirty years and the $2,500
yearly for ten years, a description of which was given in
V. 81, p. 173, were awarded to the Imperial Bank of Canada
Following are the
for $49,000 and $2,450 respectively.

5%

—

—

4^%

bids:

Asheville
$13,025 Denison, Prior & Co., Cleveland. .$12, 708
12,937 ISeasongood & Mayer, Cincinnati. 12,095
S. A. Kean, Chicago
F. M. Stafford & Co.. Chattan... 12,9051 Browne-Ellenwood Co., Chicago. 12,683
Robinson-Humphrey Co.. Atlanta512,831| John Nuveen & Co., Chicago
12,027
1

—

—

Morristown, Tenn. Bond Sale. On July 15 $5,000
funding and $40,000 refunding water 5% 30-year bonds
were awarded to F. M. Stafford & Co., Chattanooga, at

$51,450|W. C. Brent, Toronto
S50.028
Bank of Canada
of Com.. Pr. Albert51,046 National Trust Co., Winnipeg. .. 50.200
50,121
Ontario Securities Co., Toronto.. 51,040 J. W. Nay, Regina.
Wood, Gundy & Co., Toronto... 50,255 Aemilius Jarvis &Co., Toronto. .. 49,963
Imperial

Canadian Bank

Provo, Utah.

—Bond

Offering.

—This

city is offering at

private sale the $35,000 water-works-improvement and the
10-20-year (optional) gold
$56,000 electric-light-plant

4%

— ——

bonds voted at the election held July
Form of bond and minor
semi-annual.
be

to the

left

— ———

purchaser of the issue.

Inter. sat
11 L906.
details of the same

Win. M. Hoylanee

Mayor.

is

—

Putnam County (P. O. Greencastle) Ind. Bond Sale.
This county, it is stated, reeently awarded three issues of
township road bonds as follows:
,

Wild A Co., Indianapolis, for $3,367 50.
S3 350 township road bonds to J. P.
4o(H) tow nship road bonds to J !•'. Wild * Co.. Indianapolis, for J4,5'- 5 50.
d'.SOO township road bonds to the Kiddoll National Bank of brazil for $3,541 00.
>

.

—

On July 29 the following loans
Quincy, Mass. Bond Sal,-.
were awarded to Jose, Parker & Co. of Boston: $2,000
bonds dated Aug. 1 1906 and maturing Aug. 1 1906; $8,900 4<
bonds dated Aug. 1 1905 and maturing one bond $450 Aug. 1
1906; one bond $450 Aug. 1 1907, and one bond $1,000 yearly
sewer
on Aug. 1 from 190S to 1915 inclusive; $25,000 'i l
bonds dated Sept. 1 1905 and maturing one boud of $1,000
I

;,

A%

yearly.

Rantoul School District, Champaign County, 111. Bond
school bonds
It is stated that an issue of $4,500
Sale.

—

4^%

been sold.
Redlands, Cal.— Bond Sale— On Aug. 2 the $100,000 4)^%
1-40-year (serial) gold street bonds, described in V. 81,
p. 523. were awarded to E. H. Rollins & Sons of San Franlias

eiseo at 106.067.

Red Wing, Minn.

Bond

Offering.

—The

Finance Com-

mittee and the Mayor have been authorized to sell at private
Denomination
sale $10,000 4% coupon refunding bonds.
Date July 1 1905. Interest semi-annually at the
$1,000.
Maturity July 1 1921.
office of the City Treasurer.
Rio Vista (Tex.) Independent School District. Bonds
Registered.
On July 24 the State Comptroller registered an
:e of $5,000 5% 10-20-year (optional) school-house bonds
dated June 15 1905.
Temporary Loan. The City CompRochester, N. Y.
troller on July 31 awarded $349,000 renewal-water-worksimprovement notes to F. E. Jennison of New York City at
3^0' interest. The following bids were received:
o3.S0'~c Goldman. Sachs
Co., N.Y...3.97H%
F. E. Jennison. New York
Broo&waySav. Inst, (.for $100.000)3. "o% Bond,&.Goodwin,. Boston
4.12H%

—

—

—

—

W. J. Hayes A Sons. Cleve...$15,180 001 M. Butmann Estate
Second Nat. Bk., Saginaw... 15.150 00| Ucnry Owen (for$11.500)

—

—

San Diego High School District, San Diego County, Cal.
—Bonds
Voted. — This
on July 27 voted to issue
bonds.
$135,000 5% 6-20-year
Sandusky, Ohio. Bond Offering. — Proposals
be
district

(serial)

will

Garfield,

4% 10-year Campbell Street-paving bonds (city's proportion).
4% 15-year general-refunding bonds.
Denomination $1,000. Date Aug. 1 1905. Interest semiannually at the City Treasurer's office. Certified check for
$1,000 required, and bid must state amount offered for each
$6,000
21,000

issue separately.

San Mateo

— We

J.,

Coupon or Registered Bonds.
Notice is hereby given that the BOROUGH OF

GARFIELD,
noon

N.J..wul until eight o'clock in the after-

the

or

SIXTEENTH KAY OF AUGUST,

ULNDKED AND

FIVE, receive
NINETEEN
sealed proposals at the office of the Borough Clerk
In the t ouncil Cnsmber. situate in the engine house,
corner of Midland Avenue and Somerset Street, in
the Borough of Garfield, for the purchase of the
follow. ng-describea bonds, that Is to say, seventyfour bonds of one thousand dollars each, said bonds
to be dated September 1, 1906, and to be either
coupon or registered bonds at the option of the
purchaser, ard to bear Interest at the rate of four
per centum, payable March tlrst and September first
Of each year at the Peoples Bank & Trust Company,
Passaic, New Jersey. Said bonds shall be so drawn
that fifteen thousaud dollars shall mature at the
expiration of ten years and fifteen thousand dollars
at the expiration of fifteen years and the remainder
at the expiration of twenty years from the date ot
issue thereof. Said bonds shall be approved by
D. sullivan.
Bjrough Attorney, whose
opinion as to legality will be delivered to the puicnaser of said bonds, together with a complete
transcript of the proceedings had in connection
therewith. The purchaser shall be required to
accept and pay for said bonds at the Peoples Bank
& Trust Company. No. 183 Main Avenue, Passaic,
New Jersey, upon reasonable u< tioe that said bonds
are executed and ready for delivery.
The Council reserves the right to reject any and

Adrian

all

A

bids.
certified

obeck drawn on an incorporated State
or National bank or trust company for an amount
equal to five per cent of the amount of the bonds
bid for, payable to the order of the Borough of
Garfield, wl.l be required by the borough as a condition precedent to the filing of any bond.
By order of the Mayor and Council.

FRANK
Dated Au.u-t

i.

E.

KANE, Borough

(New York
(

43 Exchange Place,
New York.

West Orange, N.
SCHOOL BONDS.
of

J.,

City

Columbia,

of

Bonds of the Town of West. Orange, N.

J.

Bonds

to

be of the denomination of $500 each, to be dated
July 1st, 1P05. and to mature *500 in 8 years and $500
annually theraafter until all >-re paid. Interest pay
able semi-annually on January let and July 1st.
Both principal and interest payable at the United
Staea Mortgage & Trust Company, New York ( ity.
The bonds will be engraved under the suoervision
ot and certified as to genuineness by the United
Slates Mortgage A Trust Company.
The proceedings relative to the Issue of the bonds
have been approved by the Hon. Hubert H. McCarter.
Attorney-Geueral of the State of New Jersey.
Certified copies of the proceedings are on file at
tbe office of the United States Mortgage & Trust

Company.
Bids must be

8. Carolina,

WATER WORKS BONDS.

by the Clerk of
Sealed
the Board of Education of the Town of West Orange.
N. J., at West Orange, N. J., until 8 P. M.. AUGUST
15, 1905, for the purchase of $7,500 i% coupon School

forms furnished by the Board.
A certified check on a National Bank or Trust
Company, payable to the order of Frank L. Baldwin,
r>n

accompany each bid.
Bids will be opened in a public meeting of the
B"ard of Education. 8t the High School, Gaston
Street, West Orange, N J., at h 8u p. M.
The right is reserved to reject any or all bids
For blank form of bid and circular of information,
address Frank L. Baldwin. District Clerk. West
Orange, N. J., or United States Mortgage & Trust
Company, 55 <"edar Street, N. Y.
Finance Committee of tne(WM. BOLLINSON,
Board of Education, Town < N. N. SMITH,
( KRANK L.BALDWIN
of West Orange, N.J.

and Treasurer,

Office of the Cltv Clerk

proposals will be received

Columbia, South Carolina,

August

1,

1905.

Sealed proposals wil be received at t he office of the
Citv Clerk and Treasurer in the 'ity of Columbia,
South Carolina, until
1, 1905, at two
o'clock P.M., for tbe purchase of the
of four
hundred thousand dollars of four per cent coupon
bonds of said City issued for water works purposes.
The bonds will be dated July 1, 1905, and will fall due
July 1, 1945, and will be of the following denominations: three hundred bonds of the denomination of
one thousana dollars each and two hundred bonds
of the denomination of five hundred dollars each.
Tbe coupons will be payable on the first day of January and July in each year.
K'ich proposal must be accompanied by a certified
check for fifteen thousand dollars, to the order of
I

SEPTKMBER

WHOLE

tbe undersigned
No bid will be considered for less than par.
Tne right is reseived to reject an\ and all bids.
For circular of particulars, address the undersigned.

GIKBES.
Mayor of the

T. H.

Clerk, for $250 luust

City of Columbia, S. C.

DAY &

:

CO.,

BANKERS,
8 Nassau Street,

86 Congress Street,
BOSTON.

NEW YORK

MEMBERS

NEW YORK AND

Perry, Coffin

BOSTON
STOCK EXCHANGES.

&

Burr,

INVESTMENT BONDS.

Stock Exchange,

60 State

AND UIUU GRADE
RAILROAD SECURITIES.

«(TATE, MUNICIPAL,

INVESTMENT BONDS.

Street,

BOSTON.

INVESTMENT.

SEND FOR

Drexel Building,

FULTON & CO.,
LA SALLE 8TREET,

CHICAGO.

LIST.

DENISON, PRIOR&CO.

Philadelphia.

Municipal Bonds,
171

Town

Philadelphia Stock Exchange.

BONDS FOR

F. R.

LOANS.
8^400,000.

Clerk.

BANKERS,
,

NEW

LOANS.

;9jo.

ERVIN & COMPANY,
M

(Cal.) School District.
Description of Bonds.
are advised that the $30,000 4J^% school bonds

H7,500
N.

re-

ceived until 12 m. Aug. 15 by Alex. M. Wagner, City Auditor, for the following securities:

I

Borough of

$15,081 00
11.5J6 00

Salem, Ohio. Description of Bonds. We are advised
that the $17,000 4J^% refunding bonds recently awarded
to the Union Savings Bank & Trust Co. of Cincinnati were
purchased by that institution on July 18 for $17,100. Denomination $1,000. Date Aug. 1 1905. Interest semiannual.
Maturity $1,000 yearly.
San Antonio, Tex. Bonds to be Issued. We are advised
that this city will issue $300,000 bonds to refund the $300,000
six per cents called for payment July 22.
No details of the
new issue have yet been determined upon.

a "All or none."

«74,000

—

3.774%.

<fe

NEW

7

—

'{

LOANS.

57

Rockland, M.e.—l><>n<l Salr. -This city has sold about
$14,000 of an issue of $24,400 3% 15-year refunding bonds,
the remaining $10,100 being still for sale
Denominations
Date July 1 1905. Interest
$50, $100, $200 and $500.
semi-annual.
Ruthton, Pipestone County, Minn. Bond Sale. On
July 27 the $4,000 5% 20-year street-improvement and
water-extension bonds described in V. 81, p. 48, were
awarded to F. E. Blagraw of St. Paul at 100.625 and ina basis of about 4.951%.
terest
Saginaw, Mich. Bond Sale. On July 31 the two issues
of 4% sewer bonds aggregating $15,000, a description of
which was given in V. 81, p. 524, were awarded to W. J.
Hayes & Sons, Cleveland, at 101.20 a basis of about

—

NEW

— —

THE CHRONICLE.

Aim*. 5 1905.!

will

——

—

Blodget, Merritt

& Co

BOSTON.

CLEVELAND.
,

BANKERS,

AND
CERTIFICATES
BONDS STOCK
Also
Handsomely engraved
.

Congress Street, Boston.
30NA8HAU STREET, NEW YORK.

16

STATE, Ciff & RAILROAD BONDS.

;

steel plate eflect.

P»rtU
the cheaper kind, partly lithographed and
K>0 (; o r, iacal e,"- ,
printed from type.
.
„
^,,
BVi
borders
plate
steel
with
engraved,
I145- the latter
|'i

-^leganu

Seal Press, *1 50; better finished,

B. KINO & CO., 206 Broadway, N.Y.
(Telephone.)
Engravers and Lithographers.

AXBEBT

THE CHRONICLE.

578

to the Watsonville Ravings Bunk of Watsonville
(see V. 81, p. 48), were disposed of to that institution on
June 22. Denomination $1,000. Date July 1 1905. Ma-

awarded

turity $2,000 yearly.

—

100
Citizens' HI., of Arrjuln (for 4^8)
100.228|S. A. Kc:tn (for Mb)
Little
100
|II. J.
\ alley
CrtoBey,
.lOO.Ki
--4%s)

—
.

,

—

100

Schenectady, N. Y. Bond Issue. The issuance of $30,000
314% city-hall bonds has been authorized. These securities, we are advised, will be taken by the Sinking Fund as an
Deinvestment. Authority, Chapter 230, Laws of 1905.
nomination $1,000 Date Sept. 1 1905. Interest payable
Maturity $2,000 yearly
at the office of the City Treasurer.
on Sept. 1 from 1911 to 1925 inclusive.
Sedan, Kan. Bond Sale Not Consummated. We are adwater bonds awarded on July 6
vised that the $32,500
to Spitzer & Co. of Toledo were not satisfactory to that firm

bids:
H. W. Merriam,

Bp'gfleld... $130,880 00 \\ W. Ilalsrv A: Co., C:hiea;:oS12 rJ,&71 36
Harris & Co.. Chicago 130,804 oo Kl< -ybolte & Co., Cincinnati. m,'J62 50
Farson, Leach & Co.. Chic. 130,278 40;

N.

—

sale

election will

now

—

—

Seneca Falls (N. Y.) School District. Bond Sale. On
school-building bonds were awarded
July 29 $35,000
Denominato the Seneca Falls Savings Bank for $35,005.
tion $1,000.
Date July 29 1905. Interest annually on
Sept. 1.
Maturity $2,000 yearly.
Shamokin, Pa. Bond Sale.— On Aug. 1 the $45,000 4%
fire bonds described in V. 81, p. 282, were awarded to Graham & Co. of Philadelphia for $45,600. Securities are dated
Sept. 1 1905 and will mature in thirty years, subject to call
$20,000 after five years and $25,000 after ten years.
Shawnee, Okla. No Action yet on Bond Issue. We are
advised that no action has yet been taken looking to the
issuance of the $50,000 sewer bonds mentioned in V. 81,

3%%

4%

—

—

p. 228.

—

—

5%

Denomination $500.
7.
Union Township School District, Floyd County, Iowa.
Bids.
The following bids were received on July 25 for the
Aug.

—

MISCELLANEOUS.

investments.

JNVfc&TM£l\STS.

Rudolph Kleybo!te&Co»
BANKERS,

Penobscot Bldq.,

Land-Title Bldq.

Detroit.

Philadelphia.

The United

STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW

PUBLIC SERVICE CORPORATION

BONDS.

YORK.

Time Deposits

MacEonald, McCoy

Co.,

21 7 La Salle Street

Chicago.

La

171

Members
New York Stock Exchange.

IN

THE CITY OF NEW YORK.

John

&

Co

CORPORATION

Salle Street, Chicago.
Established 18S5.

President.

Active and successful Agents

who

desire to

aeonrlnsr for themselves not only an immediate
return for th*ir work, but also an increasing
annual tnoonie commensurate with their
success, are Invited to communicate with
E.
3d Vlce-I lestdent,
at the Company's Office, 277 Broads ay, New
fork City.

& Company

H. C. Speer

Munn, M.D.,

Finance Committee:
Leather
JAMES ft. PLUM
CLARENCE H. KELSEY.Pr.Tit.Guar.&Tr.Co.
WILLIAM H. PORTER, Pres. Cnem. Nat. Bank

RICHARD

ROWnQ
P ^™^°-

P.

make DIRECT CONTRACTS with this wellestablished and progressive Company, thereby

BONDS.

BANKERS,

RAILROAD AND
STREET RAILWAY

AND

MUNICIPAL

&

King, Hodenpyl

AND

States Life

Insurance Co.

MUNICIPAL

MUNICIPAL, RAILROAD and

1905.

1850.

W. NOBLE & COMPANY,

H.

DEALKH8 IN

7 Wall Street,
New York.

—

Vandalia (111.) School District. Bonds Voted. Bond
Offering.
By a vote of 316 to 9 this district on July 9 authorized the issuance of $10,000
1-10-year (serial) building
bonds.
Proposals for these bonds will be received until

Sherburne County, Minn. Bond Sale. It is stated that
an issue of $40,000 5% 1-10-year (serial) drainage bonds
has been awarded to Kane & Co. of Minneapolis at 100.4375

Interest Paid on Daily and

—

,

Another
therefore, consummated.
be held to authorize these securities.

was not,

and that the

W.

Description of Bonds.
Sterling, Kan.
We are advised
that the $5,000 water-works-improvement bonds, the sale
of which was recorded in V. 81, p. 282, were taken by the
Citizens' State Bank of Sterling at par.
Denomination
$1,000.
Date July 1 1905. Interest 3%, payable semiannually.
Maturity Jan. 1 1907.
Bonds to be Offered Shortly. We are
Steubenville Ohio.
advised that this city will shortly offer $15,000 garbage-plant
bonds.
Stratford School District, Iowa.
Bond Sale. On July 28
the $6,000 15-year school-building bonds described in V. 81,
p. 282, were awarded to Geo. M. Bechte] & Co. of Davenport
at part for four per cents.
Troy, N. Y .—Bond Sale.— On Aug. 1 the $34,055 12
1-20-year (serial) registered local-improvement bonds described in V. 81, p. 524, were awarded to Harriman & Co.
of New York City at 103.17 and interest
a basis of about
3.634%. A bid of 102.73 was also received for the bonds
from W.J. Hayes & Sons of Cleveland.

—

4^%

will

South Bethlehem, if*,—Bonds Defeated. The proposition
bonds failed to carry at the election
held Aug. 1, the vote being 348 for and 411 against.
Springfield, 111.— Bond Sale.—On July 27 the $128,000
20-year refunding bondds described in V SI p. 229, were
awarded to H. W. Merriam of Springfield at 102.25 for four
per cents a basis of about 3.838%.
Following are the

(for

—

|

— Proposals

to issue $25,000 sewer

100
100

I

1

Creek Township

(Ohio; School District.
Bond
be received until 12 m. to-day
(Aug. 5) by W. H. Watkins, Clerk of Board (P. O. Short
Creek), for $2,000 0% registered school-house bonds.

Short

Offering.

On July 29 the
Sardinia (Town), N. Y. Bond Sale.
$11,389 94 judgment bonds described in V. 81, p. 524, were
awarded to J. 11. Brahancy of Four Mile, N. Y., at par for
Z% per cents. Following are the bids:
J.H. Brahaney (for 3Ms)
Bank of II. lllani (tor Is)
Bank of Gowanda (for4Ms)
Geo. M. Halm (for 4Jas)_

[Vol. lxxii.

COCHRAN,

Assets over $9,000,000.

Paid to Policynoiders in 1904, $1,204,321 76.

R. A. Lancaster
NO. 10

6c Sons,

BANKERS,
WALL. STREET,

First

CITY

Nat Bank

Building, Chicago.

COUNTY

VJ»

AND TOWNSHIP

NEW YORK,
DEALKI18 IN

INVESTMENT

and

MISCELLANEOUS

SECURITIES.
Southern

J.

G.

WHITE &

43-49 Exchange Place,

New

1st

Electric Eailways, Electric Light and Electric
Built.

LONDON COREESPONDENTS;

WHITE &
Hill,

CORDAGE.

BOSTON,

CHICAGO,
Nat. Bank Bldg.

60 State

Street.

65 Wall Street,

York.

Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.

22a College

The American Mfg. Co.
MANILA SISAL AND JUTE

BONDS.

CO.,

Power Plants Financed, Designed and

Co.

MUNICIPAL AND PUBLIC SERVICE

Se<rartile« a Speelalty.

Engineers, Contractors,

J. G.

Trowbridge* Niver

CO., Limited,
Cannon St.

New

York.

HIGH GRADE

INVESTMENT BONDS
NO STOCKS
CORRESPONDENCE SOLICITED
Municipal

&

Q ecurities

U

T

B.

MUNICIPAL

POTTER,
and

CORPORATION

Company
Corporation
172 Washington
OF PITTSBURGH, PA.
•
CHICAGO,
Paid up Capital $200,000.00

onMftQ
DVINUO

'

Street,
-

LIST ON APPLICATION.

ILLS.

—

.

Aug.
$15,000

——

Geo. M. BeohteJ A Oo. o( Davenport:
•> P. O'Brien >v ('•.. Boston
Bechtel A Oo. Pawn-

last .week, to
\i

s

'

Sul5,100 00,.iolin
r
w
--- di. >.i s " 50 S

1Mr ,
\

Sons, Clevs

bonds,

\'ui iiiank

-

No

1/

Nuveen A
.

Harris

.v

115,100 00

Co., Chlca
Co., Chli

021 00

15,186 no
oertlfled obeck. as required,

the advertisements elsewhere in this

—

1

May

years.
'

1925 and $2,500 yearly on June

1

I

1

1

Kountae Bros., New York $16 1,7 16
N. W. Harris A Co., N. Y... 161,437
N. \V. llalsey 4Co„ N. Y... 161,382
Estabrook & Co., New York. 161,128
Blodget. Merritl & Co., Bost 160,785
(ieo. \V. Youna & Co., \. \
159,225
Fareoa, Leach & Co., N. Y._ 150,1 15

Hank

Savings

$27.072 50
162,345 00
Parkinson & Kurr, Boston
162,136 50
Sons.
w.J. Hayes 4
Cleve.. 162,057 00
162,030 00
R. Kteybolte & Co., N 1
Rhoad
Xew York- nil. <>70 on
161,805 00
Westchester Co. Sav. Bank.
(for

s-

.v.

Co.,

New York.

West Orange

Bond

(N. J.) School District.

Offering.

City,

The proceedings

•

j

5%

—

50

Youngstown, Ohio. Bond Offering. Proposals will be received until 2 p. m. Aug. 21 by Wm. I. Davies, City Auditor,
for the following bonds:

00
00
00

—

850 5 c i Jefferson Street sewer bonds maturing S570 yearly on Oct. 1 from 1906
to lino Inclusive.
Lexington Avenue sewer bonds maturing S240 yearly on Oct. 1 from
1 200 5'i
1900 to 1910 inclusive.
2 S00 5% Market Street sewer No. 3 bonds maturing S5G0 yearly on Oct. 1 from
190Gto 1910 inclusive.

S'2

Bonds arc dated Aug. 28 1905. Interest will be payable
Pursemi-annually at the office of the City Treasurer.
chasers must be prepared to take the bonds not later than
Aug. 28 1905, the money to be delivered at one of the citibanks or at the office of the City Treasurer. A certified
check on a Youngstown bank for 2% of the amount of bonds
bid for, payable to the City Auditor, must accompany proposals, which must be made for each block separately.

relative

to the
issuance of these bonds have been approved by the State
Bids must be made
Attorney-General as required by law.

MISCELLANEOUS.
Adrian H. Muller & Son

INSURANCE.
OFFICE OF THE

ATLANTIC MUTUAL INSURANCE COMPANY,
New York, January 20th,
The Trustees, in Confcrmi'y

irith the
its

AUCTIONEERS.
Regular Weekly Sales
OF

1905.

Charter of the Company, submit the following statement o/
on the 31st of December, 1004;

affairs

STOCKS

Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904... $2,909,343 08
Premiums on Policies not marked off 1st January, 1904
724,151 84
Total Marine

Premiums

$3,633,494 92

off from 1st January, 1904, to 31st Deoember, 1904.
Interest reoeived during the year
$275,926 58
"
"
"
Rent
$333074 72
lessTaxes
107,143 14

Losses paid during the year whioh were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904

$142,418 20
84,094 99

Returns of Premiums and Expenses, $405,721 91

[OHN M.. GILLESPIE,
Room

226,513 19

Bills

1,020,087 28

Receivable

hands of European Bankers to pay losses under

policies

payable in
241,710 47
351,301 69

foreign countries

Ca8hln Bank

$12. 63*. '243 «3

Aggregating

A

dividend of Six per cent interest on the outstanding certificates of profits will be paid
to the holders 'hereof , or their legal representatives, on and after Tuesday, the seventh
of February next.
The outstanding certificates of the issue of 1 899 will be redeemed and paid to the holders
thereof, or their lesal representatives, on and after Tuesday, the seventb of February
next, from whioh date all interest thereon will cease.
The certificates to be produced at
the time of payment, and canceled.

A dividend of Forty per cent is declared on the net earned premiums of the Company
for the year endlne 31st December, 1904, for which, upon application, certificates will be Issued
on and after Tuesday, the second of .flay, next.
By order of the Board,
G.

STANTON FLO VD-JOMES,

Secretary.

FRANl

BACON.

BBA( H

WILLIAM K. BOULTON
VKBNON II. BROWN,
WALDltoN P. BKOWN,
JOSKI'U II. CHAPMAN.
I

CORNKL1I

I.AHK.

Ki.DKKT
EWAI.Ii KI.El'l MA.N.N,
HERBERT L. GEIG
-

CLEMENT
ANSON

A.

VY.

QBISCOM,

MAitl).

.Mi'RIUS K. JBSUP.

THEODORE

P.

NICHOLAS E. PALMER,
HENRY I'AIUSll.
FREDERIC A. 'ARSONS.
U.I. AS B. PRATT,
GEORGH W. QUINTARD.
A. A. RAVEN.
JOHN L IUKER,
I" 'COLAS ROBINSON,
- IAV II
BCHWAB,
WILLIAM 0. 8TURGES
I

JOHNSON,

LEWIS CABS I.KDVA Kl>,
FRANCIS II. LKGGETT
CHARLES I) LEVERICH,
LEANDKR N. LOVELL.
GEORGE II. MACY,
UARX.E8 II MARSHALL,
W. 11. II. MOORE.
<

A. A. KAVI.N,

I>

'

Pret idtnt.

CORNELIUS ELDERT,
THEO. P JOHNSON, ad
JAS.

L.

NEW VORK.

MUNICIPAL AND RAILROAD

BO*DS.
LIST ON APPLICATION.

SEASONGQOD & MAYER,
mercantile Library Building,

CINCINNATI.

R. T. Wilson

&

Co.,

YANKEES & COMMISSION MERCHANTS
33 WnU sirrpi, New York.

HAND-BOOK
OK

Railroad

Securities.

Issued Seml-Annually by the Publishers

TRUSTEES.
OCsTAV AM8INCK.

No. 518 Atlantic Building,

e«51 Wall Street.

*«3,o«9 08

The Company has the following Assets, viz.:
United States and State of New York Stook; City, Bank and other Securities
$5,243,600 52
Special dfpoplts In Banks and Trust Companies
1,417,543 97
Real Estate corner Wall and William Streets and Exchange Place... $4,289,000
Other Real Estate and Claims due the Company
75,000 4,364,000 00

J'lllN N.

EVERT WEDNESDAY.
No. 5 5 WILLIAM STREET

Atlantic Mutual Insurance Company Scrip
of All Years Uouglit and Sold.

$1,090,082 27

In the

BONDS

$3,016,978 35

$318,124 29
771,957 98

Less Salvages
Re-insurances

Cash

Office

and

Corner Pine street.

Premiums marked

Premium Notes and

—

Bonds Not Sold. All
5-20-year (optional)
bids received July 22 for the $10,000
coupon water-works bonds described in V. 81, p. 230, were
Securities will be re-advertised.
rejected.

which company will certify as to the genuMaturity $500 yearly on July 1 from

1927 inclusive.

!

'

ineness of the bonds.

1913 to

—

Town Treasurer.
gUBOD
Winside, Wayne County, Neb.

Proposals will be received until 8 p. m. Aug. 15 by Frank
L. Baldwin, Clerk Board of Education, for $7,500 4% coupon
Denomination $500. Date July 1 1905. Interest
bonds.
semi-annually at the United States Mortgage & Trust Co.,

New York

1.

is

60
50
00

.

.

Interest annually on July

— We

Westchester County (P. O. White Plains), N. Y.—Bond
.—On Aug. the $150,000 !•; 25-30-year (serial) regiscourt-house bonds described in V. si, p. 2s;>, were
awarded. $25,000 due in L930, to tin- Portchester Savings
k at 108.29 and the remaining $125,000 to Harriman &
The sale was on a basis of
of New York City at 108.23.
Following are the bids:
about' 3.53%.
Harriman

1905.

Wingham, Ont. Description of Debentures.
are advised that no date has yet been set for tin- sale of the $12,000
'
water-works debentures voted at the election held
Securities will be dated Sept. 15 1905 and will maJuly 5.
They are exempt from
ture part vcarly for thirty years.
Present debenture debt, $117,531.
I. B. Fertaxation.

from

to 1931 inclusive.

Portchester

1

Wichita (Kan.) School District. Bond Flection. It is
stated that an election will be held this fall to vote on the
question of issuing $120,000 school bonds.

Wellsville, Ohio.—Bond Sofa.—The $18,000 4} 1 i'' ( funding bonds described in V. SO, p. 2639, have been sold to
\\ ..!.
Roth & Co. of Cincinnati for 119,001. Securities
1

department.

Union School District, Mendocino County, Cal. —
Bond Sale.—An issue of si 2,000 5% L-15-year (serial) building bonds of this district was awarded some time since to the
Hank of Willits for $12,5Q0. Denomination $800. Date
Willits

Wakonda (S. Dak.^ School District.- -Hand Sale. On
Julv 1 15,000 ">',' school-house bonds wen awarded to TrowDenomination S'JOO.
bridge A Niver Co. of Chicago.
Interest semi-annual.
Maturity L2
Date July 1 1905.

mature $3,000 June

679

on blanks furnished by the Board. Certified check for $250.
payable to Frank L. Baldwin, Chrk, required.
The official notice of th\e hand offering will be found uuinmj

bonds awarded, as stated

sohool-building

-',

1

1

THE CHRONICLE.

5 1905.1

l

——

LIVINGSTON,

Vite-tres't.
Vict- -res' I.
?d Vice-lores'

COMMERCIAL

o.'

the

& FINANCIAL CHRONICLE.)

JULY EDITION.
T B It M M
»'rl<e of Sin-:'** Copies.

-

$1

-

lo Nnbacrlbera 01 the Chronicle,

QO
T*

fo Bankers and Broken-, m quantmea. with iholr
»peciai
lards lettered in «llt ou tDe cover,

m

1

WILLIAM B.DANA COMPANY
Pine Street, coi. Pearl Street

New

Tor*.

THE CHRONICLE.

580

[Yol. liixl'

£vu&t
Ca

a l a nd

s^ plu s

©tfmjrautjes.

$10,000,000

Title guarantee
andTRUST COMPANY

ffi&P $12,000,000

00.

146 Broadway, New York.
175 Bemsen Street, Brooklyn.
M'f'rs Branch, 198 Montague St., Br'klyn.

INEQUITABLE

JExamines & guarantees Ileal Estate Titles.
Loans Money on Jiond and Mortgage,
Furnishes Mortgages to Investors.
Receives Deposits subject to check, allowing

TRUST COMPANY
OF NEW YORK

Interest.

Hoes

all

Trust

Company

business.

TRUSTEES:
Edward T. Bedinnl,
Charles S. Brown,
Julien T. Diivu's,
William J. Easton,
Charles K. Henderson,
Benjamin D. Hicks,
John D. Hicks,

William M. IngTaham,

Augustas D.

Juilliard,

Martin Joost,
John 8. Kennedy,

Matheson,
Charles Matlack,
William H. Nichols,
James H. Ohphant,
Robert Olypliant,
Alexander E. Orr,
Charles A. Peabody,
Frederick Potter,

William

J.

Charles Richardson,
Sani'ord H. Steele,
Ellis D. Williams,

Woodbury LanjfUon,

Louis Wlndmuller.

CLARENCE

H. K ELSE V, President.

FRANK BAILEY, Vice-President.
EDWARD Jlannjor
O. STANLEY, 2d Vice-President.
Banking
Department.

CLINTON
J.

business.

CLEVELAND,

every class of income;

it

pay taxes and insurance,
It

is

sell

it

coupons and
property and

authorized by law

to act as executor, administrator, guardian, or trustee under will or

appointment of

and

at

During your

court.

your death

it

will administer

lifetime

your

it

will act as

your agent,

estate.

15 Nassau Street, Equitable Building.

Secretary.

Ifttxatxcial.

MONTGOMERY

BARROW, WADE, GUTHRIE &

Public Accountants.

CO.

CERTIFIED PUBLIC ACCOUNTANTS.

(Pennsylvania)

Stephen Glrard Building,

(New York and

PHILADELPHIA.

Illinois.)

Building:.

WM. FRANKLIN

HALL,

NEW

CHICAGO,

SAN FRANC/SCO,

Royal Insurance Building.

Mills Building.

YORK,

27 Pine

Accountant,
^SaTatePstreJr

will

undertake the care and management of estates.

LYBRAND,
ROSS BROS &

NEW YORK.

your securities;

will safeguard

it

of financial

cheque, and

to

will collect bonds, rents, mortgages, interest, dividends,

QctonutKUts.

Wall Street Exchange

your deposit account, subject

allow you a fair rate of interest 5

ARTHUR TERRY, Treasurer.
FRANK L. SNIFFEN, Mgr. Mnirs' Branch.

Certified

company embraces every function

trust

It will accept

BUKDICIi, 3d Vice-Pres.

D.

WRAY

The modern

James D. Lynch,
Edgar L. Marston,

John Jacob Astor,

Street.

B0ST0N MAS&

LONDON, ENGLAND,

<

Examinations and investlgatlons conducted with the utmost

Books audited.

18

St. Suiithin's

Lane, E. C, Cable, "Adorjest."

care and efficiency.

KERR,

J. G.
CERTIFIED PUBLIC ACCOUNTANT
WASHINGTON LIFE BUILDING,
141 BROADWAY,
TELEPHONE

6948

NEW

CORTLANDT.

OF PAPER GOOD THE WORLD OVER

YORK.

Wilkinson, Reckitt,
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
52 Broadway, New York.
PHILADELPHIA.

<aNE PIECE

CHICAGO

""" W.F.WEISS,

Are You a
cney Order
ank ?

flexible

WRITE

TELEPHONE—8758-8759 CORTLANDT.

I OR

313-310 West 59th

00.,
ACCOUNTANT8.
32 Broadway, New York.

234 LaSalle

of

York,
New
ORGANIZED
1897.

NEW YORK:
43 Cedar Street

CHICAGO.

PHILADELPHIA.

Street, Chicago.

For Business Correspondence!

AUGUST BELMONT,

Bought and Sold.

W.

J.

HAYES & SONS,

CLEVELAND, OHIO.

BOSTON. MASS.

WILLI AM

for letter written with your own hand, or
bylthe typewriter, are UNBQUALED. Their quality
Is assured and they have won highest honors at all
the great World's Pairs. For high grade writing
papers of all kinds, for bond papers, and for ledger

Whether

Acting President.

MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS

New York

The Audit Company

JAMES PARK &
PUBLIC

Street.

WHITING'S PAPERS,

Also at Calvert Building, Baltimore.

CERTIFIED

All

are your

BANKERS' MONEY ORDER ASSOCIATION,
Bit -It ci Discount Building.

Tel. 4958 Broad.

ALFRED ROSE,

use.

PARTICULARS TO THE

CERTIFIED PUBLIC ACCOUNTANT8
30 Broad Street, New York.

CERTIFIED PUBLIC ACCOUNTANT.
56 Pine St., New York.

medium of exchange in
make to the publio

charges you

own profit.

CERTIFIED PUBLIC ACCOUNTANT*
138 Broadway, New York.

LOOMIS, OONANT & 00.

The standard, uniform Money Order of the
Bankers' Money Order Association is now a
familiar feature of American banking. This
is the only system at the service of banks
absolutely Free of Charge. Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
North Africa and Australia. The most

JOHN
NASH,
A GEORGE
W. YOUNG,

J.

MITCHELL

Vice- Presidents.

EDWARD T. PERINE, Genl Mgr. and Treas.
P. C RICHARDSON, Assistant Treasurer.
This Company Audits and Investigates Accounts
and makes Physical Examinations ot Properties.
Its Certificates and Reports are Prepared In behalf
of Merchants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
Devises and Install* Money-Saving Systems of
Keeping Accounts,

papers, Insist on having

them made by the

WHITING PAPER COMPANY,
HOLYORE. MASS.
New York.

Philadelphia.

Chicago.