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.. ..
1
^J
Entered according to Act of Congress, In the year 1904, by Willixm B.
Dana
CoiiPAKr, in the
office of
Librarian of Confess, Washington, D. C,
SATURDAY, AUGUST 6, 1904.
NO.
OLEARINQS—FOB JULY 1904 AND 1903.
CLEARINGS— WEEK ENDING JULY
VOL.
ALSO SINCE JANUARY
1904
^ND
1904.
ALSO SAME WEEK IN
1903.
1903.
I
In. OT
Dec.
1904.
1903.
5,194,360.268
Philadelphia
Pittsburgh
Baltimore
.
.
BuOnlo
WashlDKton
Albany
Rochester
Scranton
Syracuse
Wilmington
Wilkes Barre.
.
WheellDK
Blnghamton
OreensbuTK
Chester
Frederick
Total Middle.
Boston
Providence
503.258.4S0
176.875,2«1
94.451,873
26.145,894
17,626,500
16,176.159
14,894.434
7,958,322
5,405,585
4,509,548
3,879.96
2,941.043
1.843,700
1,784,848
2,415,292
670,825
Dec.
28.555.700
13,192,341
9.980,762
6,546,509
5,721,639
6.918 593
2,839,702
New Haven
Sprinsrfleld.
Worcester
Portland
Fall River
Iiowell
,
Bedford..
1,954.16"
1,73.3,922
Holyoke
Total N.£n£.
,
2.336.619
625,426,281
Chlcaso
ClnclnnatL
Cleveland
704.475,OGT
113,647.050
59,140,940
Detroit
45.035.16'
Milwaukee
30,482,719
27,684,116
17,754,200
13,761,15^
9,077,252
8,597.205
6,798,491
5,593,007
2,429,800
2,907,780
2,057,324
2,938,074
2,782,973
2,203,685
1,941,747
1.890,678
1,378,224
1.084.989
1.104,220
783.310
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids...
Dayton
EvansvUle
Akron.
Sprinprfleld. 111...
Youngstown.
Kalamazoo
I<exiD$rton
Canton
Kockf ord
Ohio
Bloomln^ton
Buincy
Springfleld,
ecatur
Mansfield
Jacksonville, 111.
Jackson, Mich..
'Ann Arbor
Total M. West.
San B'ranclsco...
Los Angeles
Seattle
Salt I.,ake City.
Portland
Spokane.
.
,
Tacoma
Helena
Fargo
Sioujc Falls
-131
532,230.800
221,060,218
106,448,781
29,071,575
17,211.764
17,310,449
11,953,963
7.909,973
6,065,766
5,839,262
4,210,693
3,348,680
1,991,800
8,105,780
2,618,101
683.005
-5-4
1,150.156,150 1.476,519,568
618,682,849
692.146,612
188,414 998
187,002.075
123,806,735
123..S76,250
-6-6 107,129,216 110,555.941 -31
85,821,719
81.284,993 +5-6
-I-24-6
51,256,816 +31
+06 82,858,061
—10-9
40,310,494 -6-3
37,773,382
-23-6
.S2,674.94fe
36,772,191 -111
—7-9
26,670,487
28,258,817 —6-0
-12-2
20.115,338
23.101.146 -12-9
-7-4
13,107.600 +0-7
13.200,600
-15-2
11,787,375
14.049,698 -16 5
7-b
13,901,091 -0-5
13,835,007
—1-8
4,909,441
6,068.032 —20
—
&^,408
908,953
385,619
594,700,180 —7
3,771,199,908 4.041, 933.158 —6-7
29,443,000 —9-8
801.028,400
209, 322,000 —4-0
2-8
82,550.923
13.405,492 —1-6
84, 695,438
68,658,546
9,259,183 +7-8
55, 250,160 +6-2
9,588,685 -31-;
45,940,669
51, 751,030 -11-2
7,535.814 -241
84,986,257
50, 628,70it -808
—0-4
44,084,740
7,238,059 —4-4
44, 265,291
24,406,619
28, 409,273 -14-1
2,961.772 —41
2,0'<>5,428 —3-5
13,488,847
14, 068,530 —41
2,171,312 —20-2
14,265,146
16, 546,778 -13-8
2.339,133 -0-1
14.030.593
18, 122.212 +6-9
—
680,668,038
791,339.979
101,992,100
72,618,778
45,044,347
33,093,104
32,305,003
21,412,700
13,725,608
11,060,953
8,317,945
7,791,372
5.835,568
3,239,500
2,886,157
3,032,255
3,006,270
2,463,882
2,409,542
2,083,686
1,853,918
1.424,364
1,166,852
1,595,304
973,893
891.657
823.850
363.985
1,067.698,765 1,172,752,157
123,352,201
27,095,844
17,834,639
12,882,035
13.240.443
9,529,849
7,652 58"
2,932.345
1,789.266
1,050.669
—8-1 4,304,637,643 4.609,898,674
—
—
-3-2
-7-0
-30-8
-19-5
—6-4
-I-10-3
+6-0
-89
-31
127.301,998
26,186,267
10.370,209
12,054,214
+3-5
—7-9
i;i,024, 185
-2-8
+6
0,500,558 +0-3
7,715,578 —0-8
2,373,478 +230
3,795,586 -52-9
1.261,511
16-
69,503,886
55,684,614
28,518,250
-21-7
Paul
25.399.35(1
Jo.seph
14,738.264
16,940,424
8,744,792
4,216.815
3.699,075
88.760,794
55,894,920
33,363,372
26,737,970
20,1M5,93«
20,540,302
8,966,921
5,751,767
5,316,564
3.990,883
2,498,939
1,957,291
694,565
Denver
Des Moines
BIouj: City
Topeka
Davenport
.3,551,242
Wichita
Colorado Springs-
Fremont
To. other West
St. Louis
New Orleans
Louisville
'
Houston
Galveston
Richmond
Savannah
4.07W.763
2,157.04t
004,137
237,806,66b
201,908 107
62,139.739
40,565,76^
18,4tW.518
14,640.000
19,852,782
+63-2
+ 10-2
209,019.08:
72,249,507
-27b
44,123.105 +5-5
24,852,907 -25-7
12,368,000 f 18-4
19,564,121
11,378,012 tl-o
-tiO
1,507,951,891 1,491,511,190
14,859,91
+ 1-1
-l-l-O
4-6-6
-2-3
-2-8
—9-0
132,722.210 -6-0
64,757,821 +3-9
44,396,759 -17-8
30,323,354 -34-2
29,853,29(
—5-4
23,309.736
13,780,317
+370
+7-8
—4-4
+10
575,334,759
322,025,172
i70,H45,Ki9
11 9,807. 5(M)
i:)6,41):).31b
90.114,422
144,018,1)4"
12,89.'}.H():i
+9-9
451,275,64;t +27-5
320,418,785 +0-5
18(i,41l),()55 -8-3
113,99tl,,500 +5-1
12I,7H4,98'
00,(122,270
+ 12-1
-6-7
112,701,25) +2S-3
80,:)61,(i9b
--"8
73.I8(),0(!.H
--8-1
+01
86,650,075
75,412.711
49.912.459
0.7H7.K1'5,073,70i:
•i,7Hl,(ili
47.455.529
--52
b
47.871.6(1"
40.6?7„'t.'>b
-
4,388.93^
30,520.277
36,432,425
37,bl7,61()
-3
2,670,.32i.
5.307,081 -17-;)
5,357.251, - 38
3,127,162 -t-28'(i
4.04.'<,75i -:(4-o
1,.37 1. 321
2.853,0(XI
-51-9
2:i.047.90b
»,024,76i
l,e6H.3SH
3,321.561
3,013.05
-tO-4
23,030 808
14,466,263
24.802.778
8,153.ll7^
4,001.221
..
17, 975,980
13, 151,822
—
tit
Total South
118, 380,417
83, 708,704
96, 774,619
65, 495,272
58, 5011,042
864.956,061 —1-6
172,312.612 +13-6
115.127.140 +2-8
84.885,354 —1-3
96,313,611 +0-5
61.664.466 --6-2
66.741,945 --31
16,745,431 --7-8
15,514,307 -16-2
7.250,373 +2-4
3-4 1,574,710,246 1.432,704,980
10,916,982
....
850, 773,545
195, 702,604
-13-0
5,221,644
6,468.770
274,676.220 -18-4 1,850,883,816 1.869.021,971
lO.Otl.WM
Beaumont
-2-2
124,004.040
67,201.720
86.506.260
25.893,599
28.241,945
31,936,805
10,2.'J9.23H
Jacksonville, Fla
7.498,623,118 7,666.774,069
-17-5
-2-5
-26-7
10.207,23^
Knoxvlile
w^
—1-3
151,0o4,0r)ii
-HI
-10
949,8H3
776,481
13«,t)20,860
NashviUe
Augusta
Little Rock
Macon
Chattanooga
,409.784
270
-;(0-4
+7-5
+9-5
6 484,396 -11-4
-5-0
Atlanta
....
9 ,117,844
8, ,301,060
679.804.382
877.806,910
231,729,539
175,019,818
Ii,fi88,ei5
13.3'27.0I4
Birmingham
11, 351.154
585.685.255
398.195.218
226.412,510
170,138.037
-0-4
-14-4
MemphU
Norfolk
Fort Worth
12.206,,582
9,983,,00b
8,221, 712
6,743,,043
6,550,,691
6,345,,78'
2.741,,850
7, 422,886
Minneapolis
St.
St.
—6-6
-11-0 5,060,307 ,102 5,128
-1-2
+11-4 708,956,,900 667 ,723,500 +1-6
-18-6 896,301,,113 484, ,649,990 -18-2
+002 292,067,,558 301 ,204,484 —80
—7-9 225,628,,803 219 ,662,783 +2-7
—14-3 179,555,,840 189, ,220,467 —51
-17-1
-7-3
127,551,,200
137, 499,600
+0-3
91,683,,000
93 183,38' —1-6
-17-9
76.752,,239
81 ,734,887 -6-1
+3-4
58.060,,005
55, ,935,348 +3-8
-12-7
50,873,,296
61, ,150,203 —0-5
—41
39,468,,653
37, 442,968 +5-4
-250
17,062,,700
22, ,562,000 -24-4
+0-7
21,038,,46'
80 683,591 +1-7
82-2
16,538,,893
19 988,592 -17-8
2•:^
21,232,,686
20. 047,532
+5-9
+12-9
20,667,,568
17, ,968,523 +15-0
-8-5
17.183,,28'
15, 530.723 +10-6
—6-8
13,964,,55'
+3-6
13, 476,084
+20 12,038,,676 12, 729,604 -5-4
223,183,084
Omaha
-9-6
-21-1
-10-7
-1-9
+0-3
-200
217,340,478
Kansas City
-176
41,67-'),
-11-3
-10-1
+8-4
-26
Total Pacific.
%
391,954
:j,189,909,95fi 3,539,219,327
34,323,655,931
6.075,197,418 6,947,829,800 -12-6 39,996,252,185 48,101.262,105 -16-8
647,646,.827
Hartford.
5,977,773,696
486.7^2.111
7,33'.J,011
—30
1.899,:W(i
-12-2
1,609,06:'.
+ 100
468,785,82b
-2-6
4
32,109.541 -|-13:t
;S7,191,24-,
:)9.92H,(170
28,994,b88
28,769,969
22,300,000
—0-9
New York
PblladelpWa
Pittsburgh
Baltimore
Buffalo
WasUngton.
-1-34
20.555,29;t -1-150
«-8
l!j,524,777
—
11.503.397 fll4O'h :i.618,991,/)78 1.292.230.316 +91t
all
8,660,311,721
9,767,845.66.1
Ontalde N. Y.
3,465,951,45:!
.1,790,071.9.'?7
-11
3 58.777,340,381 67 ,030,698,25.')
-8-6
24,453,084,400 15,3.55,306,301
-12-3
,
Kochester
Scranton
Syracuse
Wilkes Barre
Wheeiing
Blnghamton
Qreeosburg.
Chester
Pa
Reading
ToUlMlddl*
Boston
Providence^
Uartford
New Haven_
Springfield
Worcester
Portland
Kali River
Lowell
New Bedford
Holyoke
Total New Ennland.
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
Indianapolis.
Columbus
Toledo
Peoria
(J
1903.
rand Rapids
Dayton
EvansviUe
Akron
Springfield,
1902.
+
III
1.831,405,242 1,433,840,335
111,951,380
6.153,200
2,079.829
1,743,896
1,239,662
1.055,889
1.384,838
586,178
408,001
320.051
498.191
114,688,346
6,875,800
8.167,680
8.028,611
1,314,245
1,240.997
1.374.163
800.871
400.369
806.251
589.707
128.421.199
130.4^5.979
144,393,412
24.122.450
12.268.920
9,601.963
6.406,143
6.195.845
3.790.600
3.243,517
2.003,040
1.720.782
2.485.208
1.220.798
634.690
154370.306
528 445
441.161
Lexington
CautoD
Rockford
659.711
513.000
477.494
399,489
271,914
209.832
260.000
174,043
177,871
156,682
Springfield.
O
Bloomlngton
(Juincy
Decatur
Mansfield
Jacksonville
Jackson
Ann Arbor
Total Mid. Western
San Francisco
Angeles.
Seattle
Salt Lakeaty
Portland.
Spokane
Tacom a
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
St.
St.
Julti 30.
Inc. ui
i
,059,864,530 1.240,666.368 -14-6 1.477517.120
91.880.382
104.338.(130 -U-9
135. 179.20(1
89,900.02"
45.911.391 -131
42.133,579
18,300,700
20,412,406 —103
22,134.672
5,697,532
5,664,384
5.155.2.S3
-K>-6
14-4
3.686.495
3,222,402
3,468,921
8.052,071
3,801,558 -19-7
2,973,937
—3-2
2,843,473
8,816.833
8.526,069
1.088.746
1 275.807
1,485,738 +18-4
20-8
958.067
1.802,187
1,057.590
998.48'
1.320,1-29
1,470,454 -32-5
+3-3
845.692
818.375
558.716
678,558
638,402 -102
603.785
886,100
453,300 -14-8
345.300
875,000
468.608 -19-8
486.484
827,564
433,688 -24-5
381,444
+7-4
437,263
407,102
+2-5
190.183
194.945
1.085.493 Not ln<lude d Into tal.
Youngstown
Kalamazoo
Ix>s
30, 1904,
1901.
—
Wilmington
Paul
Joseph
Denver
Dos Moines
Sioux City
Topeka
Davenport
611,65rt
190L
Fremont
Cedar Rapids
Total other West'rn
St. Louts
New Orleans
Louisville
Houston
(Jalveston
Richmond.
Savannah
Memphis
Atlanta
.\a.shTille
Norfolk
Kon Worth
liirmlugham
Knoxvlile
29.814.139
5.213,060
4,510,298
2,788.679
46,035,411
18,610,247
13.236.755
6.792,871
6.651.011
3,124,120
y.930.50:S
1,844,513
848,512
573,446
991,711
429,503
134.354
3.32.413
66.182,503
41,651.722
10,082.900
0.33B,158
4,601,787
8.668,961
8,050,770
1.604,828
441.524
345,595
221.836
2 947.413
2,313,066
1,3j:1,889
1.120.147
1,045.915
630.073
553.483
353.400
401.654
299.403
+0 6
+170
m
—76
-31
^t
-2-5
—6-3
+5-2
-16-6
-1-0
117,538.844
5.337.700
2.519.168
1.846.809
1.408.346
1 490.439
1,385.572
824.816
363,090
372.486
849,991
135.634,317
6,368.800
8,550,268
133.207,861
152.176.884
152,985,008
18,252.550
15.191,942
10,087,402
6,147,568
5.370,179
3.914.200
136.775.864
16,547 000
13,684,394
10,991,663
6,036,876
4.507.181
3,177.55'
2.404,662
1,764.798
1.418.144
957.593
560.000
651.393
509.381
505,112
520.612
+68
5
-f21-5
-(-48-9
+9-4
384.090
381.42
364.211
+128
-10b
-^82-0
8-20,196
——4-7
1.408.910
1,352,518
1.604.447
1.293,889
739.925
488.429
890.866
345.105
.'1.070.850
2,512,843
8.169.697
1.178.000
978.638
846.851
449.000
434.204
376.846
873.512
484,393
352.091
278.293
871.518
845,821
804.280
327,282
170,878
193,809
183,860
67.663
803,88«
2-26.969.130
802,811,649
-206
85.816,508
3,804,275
8.442,007
-19-0
3,574,90:
25.528.473
2,808.888
8.727,195
2,886.196
1,825,000
1,008.848
1.078.663
735.878
-171
—15-2
-9-6
+11-6
—4-8
—7-6
-0-8
—88
-2-5
+98
8,319.645
1,41-2,160
1,271,463
+470
559.790
352.616
+9-0
80.000
169.010
173.605
66.823
247414
4-7-8
226.63'J
151.880
-7-3
21.258,872 -12-6
+21-1
10,931,194
7,019.601 -17-5
—3-9
5.fi82.90l
4.100,.559 -23-8
—6-9
4,221.919
1,5C>5.754 +17-8
-3-8
875 179
1.132.721 -15-2
066,771 -13-9
600,006 +65-3
341 880 4-25-6
189,651 -29-U
Not Include d In to
-4-5
68,786,713
-8-2
45.:)91.045
42.779.902
10,167.798
11.414.799
5,924,469
5,392.842
4.015.813
3,806,361
1,788.765
1.151.883
1.171,872
764,405
470,068
600.000
120.148
38.675.734
10.180.036
8,887.888
P,835.223
4.385,058
5,757.168
4,147,200
1,249.903
975,973
9a5,845
1,463.290
495.380
717,617
149.969
56.789.0V
41.393.850
54,220,531
41,490,315
9,870.474
6,.^.M,614
—20-4
9,.59S,4;i3
4,650,45',?
+35
2.097.0O(
8,594.075
3.043.076
8,615.600
3,819.018
49.660,590
10,875.585
0.507,716
5,777.038
-52
M.
-1-8
8,(198,000
4,200,31(1
«.7'*t.50O
4,2»8.18a
-21
2.549,298
2,l:i1,.876
2,.')81,il7
2.202,751
-19-6
-17-2
8,189,089
2,327,090
1,444,863
1,195.826
998.190
1,835,36(5
-160
3,076,942
8,495,815
1.758,51b
1.716,851
1,762,422
1.398.530
-32-1
l.:i9(l..')9b
--3 3
1.203. KKl
l,y,;b.028
1.090.3:10
--90
1,285.000
07-', 871
1,051.348
718,430
1.098.
1
06
906.244
Rock.
Charleston
.MMCon
fi63.711
Chattanooga
Uoau rnont
6:t7,.'')U9
Oa
—5 7
-14 9
12-4
233.173.687
376,785
237.314
— 13b
363.27(J
27,643.363
5.195.676
3,582,786
8,433,488
a.000.000
1,756.906
651.373
—41
-18-5
-6-3
—20-7
+7-3
78,!502
2.267,(567
-2-4
-12-5
655,500
558.552
656.234
669.998
461,595
468,932
428,185
827.748
304.822
221,942,098
Augusta
.lacksoiivlllo
9.271,377
6,975,221
6,355,541
4.045,500
3.084.420
2.401.439
1.737,414
1,568,359
1.004,544
.183.155.610
87.883.793
35.711.975
80,817.673
5,889,278
8.335.148
+14-1 1.096,688,051 1.345,679.197
-8-5
21.503,850 +12-2
15,228,260 -19-4
272.868
310.239
209,986
173,157
70.386
960.9.^7
Wichita
Colorado Springs
C(>lumt>U8,
Total
,
Albany
Erie
FVanklin,
1904.
AND
%
Little
I
'
at—
Cltaringi
ln.OT
%
KewTork
1903, 1902
Week endinq
Seven Mcynths.
July.
Clearing! at
New
2041.
79.
736.191
269.246
396.000
691,217
246,287
976.907
8H0.83C.
607.1)37
694,412
1.040.518
411,000
859,(152
45(1,000
-
-2-3
1,K87,139
1,342.819
l,4S2,3ia
+23-5
638.7.57
(>09.101
— 18 9
4-41 9
611.513
804,08b
734.050
479.016
—29-2
-34-5
.')84.000
ni's.odo
460.WK>
»8d.883
.145.6(11
3-22.2;t4
308,409
+ 139
—10(1
305.580 f 18(1 2
Not Include d into
Total Southern
94,604.808
91,932.609
Total all
1,773,859.062 2.000,479.812
Outside Now York.. 713.994.532 759.410.444
2.9:18.861
ral.
-2-8
85,771,310.
80.500,418
—It -8
2. 841.800,70 7
.874.27«».875
-00
703,983,57b
eui.4l4.003
Takle Oleartaga br TelegraVk Kud Caandlan ClearlaB* on paces OOS and 606.
THE CHRONICLE.
694
Is
That stage
of development, too,
Is
rumors of disaster.
nears maturgrowth
At least they begin to thlcVen as
a situation of greatest susceptibility to harm, as
ity
well as of special anxiety, and consequently a time
when speculators can most easily get currency for their
more desperate yersions of impairment. Loss of vigor
or other injary to a younger plant has a longer time
and m^ny more chances for recovery; but to a grain
crop when the harvesting of it is progresslnj', a moderate setback is easily turned into a lost opportunity.
Thereupon such exaggerations are readily made use
liable to be a fruitful occasion for
—
now
figure
which compares with 88, or a
gain of 3'6 since the first of July report, aid 79*7 the
condition reported the first of August a year ago; also
comparing with 83"7, the average condition reported
on August 1 during the last ten years. Those comA glance at them
parisons need no Interpretation.
Is
always a period of Increasing anx
ietj, especially when business Is not as active as it was,
and the public is depending upon large crops as a
chief restorative.
The average
the crop at the date mentioned.
THE FINANCIAL SITUATION.
Haryegt time
[Vol. Lxxii.
stated
at 91*6,
serves to establish the conclusion of a record crop In
prospect July 25. It should be said that since the
26th of July there have been times when reports of
various kinds of limited Impairment were suggested,
and
it Is
quite likely that a lower figure
which
may be
neces-
appear In the
Department's report on the first of September. Not
even then will the crop be made. At the same time
the present XQfoxt Is certainly an extremely promising one as a feature in the make-up of this connfinal
conclusions.
bases
of
try's industrial activities the coming fall, and aSordi
the
as
of
instamce,
was
for
Northwest,
a very hopeful prospect for the cotton- manufacSpring wheat In the
We trust,
the
world.
stated In the weekly weather report Tuesday to have de- turing
Interests
of
It
will
prove a profitable crop to
veloped rust to an Injurious extent. As rust Is a kind too, that
sary to express the condition
will
fungus growth, frequently an Incident accompany- producers. Planters sometimes think that spinners'
ing heavy and continuous rains, when the plant profits depend upon a low price for cotton. No doubt
naturally becomes rank and lodged and fallen, the the raw material can be so high that It will check the
That has been demonstrated
Idea was plausible and easily believed, no matter to manufacture of goods.
what dimensions magnified by speculators. It should very clearly the past year. No doubt, also, a low price
of
be said likewise that the same weather report stated
that the quantity and quality of winter wheat were
the
for cotton stimulates
demand
for cotton fabrics.
favored when
proving disappointing in the Lower Mississippi and cotton rules so low as to be unprofitable to the SouthMissouri valleys, where the plant had to undergo ern farmer. The most comfortable situation for manurain storms attended by facturers Is a season when values for cotton start modearly in Jaly severe
The total crop of winter and spring erately low, but thereafter advance, so that goods can
floods.
wheat was conservatively estimated on the basis be disposed of on a rising market for the raw material.
of the Agricultural Department's report issued the On the other hand, a declining market for cotton 1b
Immediately the most troublesome situation and calls for close
first of July at 640,000,000 bushels.
We do not think any Interest
after the publication on Wednesday of the weekly figuring by spinners.
weather report above referred to, estimates of the total can be permanently benefited by cotton ruling as low
yield of wheat, winter and spring, were Issued as low as it did in the years previous to the recent rise.
one we have seen published
as 650,000,000 bushels
Foreign conditions appear again to be assuming a
bushels.
was 530,000,000
unsettled aspect. This is chiefly due to Bussla's
more
In further explanation of the subsequent rise in
latest
interpretation of her action In taking and
values. It should be said that the market for that cereal
British and German ships, to the stand assinking
was already advancing and was in a highly sensitive
cocdltion, because old stocks are short and because BTimed while liberating the Malacca, and to more reEurope Is supposed to need this year all the surplus cent announcements. Respecting the Malacca incident,
wheat the United States will in any event have to Kussia remarks that "It must not be Inferred from the
But neither spinners nor
planters are
—
spare.
We
are not saying that the price
is
too high
now. Development as to the yield In other countries
will have to be more accurately determined by later
But one
facts before that question can be settled.
wheat
in
the
of
United
States,
crop
thing is true the
according to present conditions, will not be by any
—
means as low as the recent estimates would make it.
The "Northwestern Miller'' states that the reports of
damage from rust are exaggerated; Saow's weekly
crop summary is equally emphatic on that point and
gives details of Its Information which clearly prove
Mr. Snow's conclusion. Biilroad reports from the
Northwest are also coming In which indicate a material
exaggeration in recent rumors with regard to the
damage by rust. As to corn, all authorities agree
that the promise of to-day is for a phenomenal crop.
Whatever advance In price has been made in that
market Is purely sympathetic.
act of liberating that vessel that the Eaeslan Govern*
ment has abandoned
Its
Intention of sending out
warships In general to
This same view Is also taken
in articles published by the "Kass" presumed to be
Inspired by the Russian Foreiga Office.
Russia's
right to transform the vessels of the volunteer fleet
Into cruisers is claimed and also the right to pass
them through the Dirdanelles. The same course Is
further Indicated by the purpose announced of sending out the Vladlvostock squadron immediately with
isolated
cruisers
as
well
as
search for contiaband."
authority to sink ships
cruisers, with
like
If
necessary; also to
authority.
There
is,
dlspatoh
however,
nothing in the foregoing but the claim of a right to
do just what Russia has already done, a claim which
may relegate the whole dispute to diplomatic discussion until another test case arises,
and then probably
the whole contention will be taken before the Hague
Tribunal for its opinion. No one, we think, is going
This week, Wednesday, the Agricultural Department to be Involved in a fight over these dif erences; that
Even Rassia, we assume, wiUj
crisis has passed.
its cotton crop report for the first of August,
bringing Its Information down to July 25. The sum- although talking bravely, be more cautious in her
marySglven shows a remarkably favorable condition of doings hereafter, and would probably drop the whole
issued
—
Aug.
THE CHRONICLE.
1904.]
6,
proceedlDg
If
were not that
It
it
acta as a kind of
connter-irritantj giving her people something to think
and talk about, and consequently relieving them
from the morbid condition of being w4iolly absorbed
and cast down oyer the, to them, terrible Japanese
victories reported daily.
Probably few persons have noticed the fact, but
there is as much significance in the statement of
earnings of the Pennsylvania Railroad for the month
of June, just issued, as in any event or transaction of
the week.
This return shows a contraction in ex-
—
penses of noteworthy proportions a contraction considerably in excess of the loss in gross earnings sus-
The reduction
tained by the company.
because it is a realization of
entertained
that
the
long
the
expense
make
ment
if
accounts
the
in
the
previous
practice
necessity
such
for
is
significant
expectation
liberal
to
possible
it
nature
years
great
a
step
of
would
curtail-
should
continued dimmntion in gross earnearlier months of the current
year it seemed as if these expectations were not
destined to be fulfilled. Month after month the
Pennsylvania Ballroad reported large losses in gross
earnings, with little or no redaction in expenses. The
reasoQs for this state of things were fully set out in
The severity of the winter and other
these columis.
Through the
adverse meteorological comditions had entailed extra
the system for which we have the data for such a
comparison.
BA8T or
PlTTBBCSOH.
liimis
1804
1908.
1902,
t
Jttne.
1800.
1901.
1899.
$
9ro8t earnings....
Opcrat'g expanses
P,777.669 10,827.859
9,59i?,0;9
8.4g2,769
7.192.835
6,074,760 7,320,980
8,213,06u
6,678,460
5,221,410
5,766,736
4 509,510
Net earnings..
8.708,799 3,S06,889
3.382,999
2,904,299
1,971,425
Ti57,825
Jan. 1 to June 30.
areas earnings. . . 56.696.6Te 80,159.876 63,419,876 48,451.476 10.831,811 33.143,911
Operat'g expenses 41,877.118 *a 831.819 35.778,419 32.646,919 28,577,961 24.665,601
Net earnings..
14,918.667 17,323.497 17.641.457 16,904.667 12.S43,850
8,483.360
NOTB.—Tbese figures Inolade the Buflalo A Allegneny Valley Divlalon for 1901, 1902, 1903 and 1901. In Jane, 1901, the earnlngB of
this dlylBlon were, approximately, gross, $678,724
net, $117,874.
From January I to Jane 30 the earnings of this division in 1901
;
were approximately $3,620,355 gross and $1,161,707
net.
The Southern Railway Go. has
this week issued a
income account for the
fiscal year ending June 30 1904 and It Is a highly encouraging document. The usual semi-annual dividend
of 2^ per cent has also been declared on the preferred
stock, which is now established on a 6 per cent dividend basis. The rejuvenation ejected In the properties embraced in this system since the reorganization
in 1894 of the old Blchmond & Danville and the
East Tennessee Virginia & Georgia lines will always
remain as one of the most eventful episodes in American railroad history. A little table Is furnished com-
preliminary statement of
paring results for the
outlays of unusual amount.
Now, with
595
so
arise because of a
ings.
.
these special disturbing agencies elim-
its
fiscal
year 1904 with those for
the year 1896, and from this one gets an idea of the
wonderful growth established in that interval of nine
and the
years.
Average mileage has risen from 4,139 miles to
measures of economy introduced by railroad man7,164 miles, gross earnings from $17,114,791 to $46,agers are beginning to bear fruit. The June return
109,777 and net earnings from $6,051,937 to $11,994,of the Pennsylvania Bailroad is the most striking
310.
The surplus above fixed charges, which for the
evidence which has been furnished of the truth of this
earlier year was only $896,746, for 1904 was $4,180,400.
statemenc.
As compared with the corresponding
With $4,180,400 surplus above charges, for the late
in
month
1903, gross earnings have fallen off heavily
year, the call for the dividends on the preferred stock
$1,060,300 on the lines directly operated East of Pitts
at 6 per cent was $3,000,000, leaving an excess of Inburgh and Erie and $574,600 on the lines directly
come above the dividends In the sum of $1,180,400.
operated West of Pittsburgh and Erie; but as against
Oat of the latter special appropriations for improve-^
these losses there has been a reduction in exments and betterments to the amount of $773,806 were
penses of $1,246,200 on the lines East of Pittsburgh
made, and even then a b^Jance remained of $406,694,
and of $604,900 on the lines west of Pittsburgh, leavwhich was carried to the credit of profit and loss
ing a gain in net on the former of $196,900 and on
inated, the whole situation has been changed,
the latter of $30,400, or $226,300 together.
In other
words, with $1,624,800 loss in gross earnings for the
combined system, there was a saving in expenses in
account.
The Central
of Georgia Eallway, an allied property
Obviously a curtailment of of the Southern Railway, also had a very prosperous
outlays by a single large railroad system in the year. The company this week declared the full 6 per
sum of 1^ million dollars, meaning jast that much leas cent dividend on the first Income bonds and a divi-
amount
of $1,861,100.
dend of 2 per cent on the second Income bonds. The
suggest an early revival of business; but It shows at first preferred Incomes have had dividends of varying
least that a point has at last been reached where our amounts in past years, but the $7,000,000 second prerailroads are findins; It possible to protect the interests ferred Incomes have never previously received anyThe Central of Georgia, before it fell into
of their security- holders under continued business de- thing.
difficulties
and had to be reorganized, was conpression and shrinkage In revenues. It Is proper to say
that the present year's changes in earnings follow no sidered one of the prime investment properties
It is pleasing to
less than $2,120,700 improvement in gross and $201,- of the South.
think that it
now gradually recovering Its old-time pres160 improvement in net in June of last year. It is
should also be added that notwithstanding the saving tige through progressive and yet conservative methods
The late year's earnings were the
of expenses In Jane, expenses for the half-year to of management.
June 30 record a decrease on the combined lines of best In the company's history, though the changes as
only $939,800 from the first six months of last year compared with the twelve months preceding were not
The high price of cotton in promoting
this on a loss in gross earnings of $4,834,700, thus very large.
showing a decrease in net for the half-year of $3,894,- the prosperity of the Southern people was a favoring
900.
In the following we give the comparative le- Inllaence, but we should judge on the other hand
suits for the last six years on the lines directly oper- that owing to the smallness of the crop the company's
Nevertheless,
ated east of Pittsburgh and Erie
the only portion of cotton traffic must have fallen off.
paid out for wages, materials and supplies, does not
—
—
THE CHRONICLE.
596
grots earoiuga lor tho iwelvd
moaihB increased
now annoanced.
Vol. lixii«
ou Saturday of lam week aud lower on Monday, InLondon Eichange
for the holiday; but on Tuesday, when business was
resumed at the British capital, there was a recovery
and a good demand for remittance, chi( ily to cover
discoant by
$i6'i,-
461 and net earnings $137,626, making possible the
dividend distribatlons
I
fluenced then by the closing of the
There was no change in official rates of
short contracts in long sterling. In the absence of a
any of the Earopean banks this week. Compared
sufficient supply of bills, rates rose sharply until Thurswith last week, unofficial or open market rates at Londay and one feature was a demand for cables Influenced
don were firm, at Paris they were i of 1 per cent lower
by
dear discounts in London due to reports that the
and at Berlin and Frankfort steady.
Government
was on the eve of borrowing conBiderable
The feature of the statement of the New York Aasoamounts
in the market.
The rise in cable transfers
elated Banks last week was a reduction in loans by
more
or
less af ected other classes of exchange and
12,611,100, the first contraction in this item since
June 4; the notable changes were an Increase of sight sold on Wednesday at 4 8810, the highest price
of the previous week.
It was then regarded as probt6,676,9C0 by one and a decrease of 19,782,500 by
another bank. The cash reserve was increased 16,260,600 and deposits were augmented 18,622,400. The
required reserve increased 1880,600, deducting which
from the gain in cash left $5,380,000 as the Increase
Calculated upon
In surplus reserve, to $65,989,600.
the basis of deposits, less those of $23,353,700 public
funds, the surplus
ment
of this
is
The bank stateamong other move-
$61,828,026.
week should
reflect,
able that,
$338,000, representing domestic gold bullion deposited
Also the payment of $381,000 Seattle
About
Assay Office checks for Klondike gold.
Francisco
Japanese
gold
will
arrive
at
San
$3,000,000
next week and be transferred hither by telegraph. A
shipment of $10,000,000 in gold and notes will be
made to Havana, $1,600,000 on Saturday, and the
remainder In the next two weeks. These shipments
will be the first instalments on the recent Ipan taken
by Messrs. Speyer & Co. of $36,000,000.
Money 'on call, representing bankers' balances,
loaned at the Stock Exshange during the week at 1
per cent and at | of 1 per cent, with the bulk of the
busintss at 1 per cent and the average a fraction less
the rate should further advance, gold
the metal could be profitably
shipped with sight ex-
4 88|. On Thursday the market grew
easier for short sterling because of a lighter demand,
ments, the transfer hither from San Francisco of change
at that point.
if
might be exported to London in lieu of exchange,
and as gold bars in that market were quoted
at 77 shillings 9^ pence per ounce, an advance of ^ of
a penny compared with last week, and, moreover, as
the New York Assay Office could supply about
$7,000,000 of commercial bars, it was calculatsd that
at
bat cables were still in good request. On Friday the
tone was again strong, and It was then stated that the
National City Bank would on Tuesday ship $2,500,000,
either In gold coin or bars, or both, to London; the
reason for this intended export probably is that
the shippers will be unable to obtain bills in
sufficient amounts for remittance.
Bankers appear
disinclined to draw bills to take advantage of the
high rates ruling, because of their Inability to employ
the proceeds of the drafts to advantage In oir money
market, and also because of uncertainty regarding the
London discount situation, which seems likely to be
affected by any renewal of political tension.
As waa
the case last week, some bankers are remitting their
balances to London for employment, thus increasing
than this rate; on a few occasions loans were reported
the demand ior sight sterling and for cables. There
at the decidedly unuaual rate of i of Ij per cent.
are very few commercial bills offering, and none are
Time loans were quoted at 2 per cent for sixty to expected
against cotton until later in the month.
ninety days, 3 for four and 3i per cent for five to
Continental exchange was firm without special
eight months, on good mixed Stock Exchange colfeature, and fluctuations were within a narrow range.
lateral, but very little business was done and oommis
Gold received at the Custom House during the week
ston houses appear to be generally well supplied with
$25,421.
loans extending into the new year; there was no
Nominal quotations for exchange are 4 86 for sixty
Inquiry for contracts for sixty to ninety days and only
day and 4 88i@4 89 for sight. Rates for actual busia small demand for those for four months. Commerness on Saturday of last week were 5 points lower for
cial paper was in moderate supply and rates were firm
long, compared with those on the previous day, at
at 4 per cent for sixty to ninety day endorsed bills
4 8605(^4 8516, and though the tone for short and for
receivable, 4(^4^ per cent for prime and 4i<^6 per
cables was easy, the business transacted was at uncent for good four to six months' single names.
changed figures. On Monday there was a fall In long
of 6 points to 4 85@4 8510 and in short of 16 points
The Bank of England minimum rate of discount to 4 8765(^4 8765, but cables were 6 points higher at
remains unchanged at 3 per cent. The cable reports 4 881604 8826. On Tuesday long advanced 10 points,
discounts of sixty to ninety day bank bills in London to 4 8610@4 8616, short 20 points to 4 8776@4 8780
3 per cent. The open market rate at Paris is li per and cables 10 points to 4 8826(^4 8835. The market
cent and at Berlin and Frankfort it is 2f per cent. was strong and it so continued on the following day,
According to our special cable from London the Bank when long rose 16 points, to 4 853504 8535, short 30
of England lost X658,112 bullion during the week and points to 4
8806O4 8810 and cables 20 points to 4 8846
held £34,110,493 at the close of the week. Oar cor- 04 8850. On Thursday the tone was easier because
respondent further advises us that the loss was due to of a lighter demand, and long fell 10 points to 4 8616
the import of £306,000, of which £5,000 was from 04 8625 and short 16 points to 4 8790^1 88 ; cables
Germany and £300,000 bought In the open market, to were firm at unchanged rates.
The market was
exports of £50,000 to South America and to shipments strong again on Friday at an advance of 10 points for
of £818,000 net to the interior of Great Britain.
long, of 20 points for short and of 26 points for
It closed at 4 862604 8536 for long, 4 8810®
cables.
The foreign exchange market was moderately active 4 8830 for short and 4 88700^ 8876 for cables. Ck)m-
.
Aug.
.
. ...
.
THE CHRONICLE.
6, 1904.]
banks, 4
merclal on
8485@4 86 and dconments
for
ency.
The
597
value of attaching organ!z)tions to the
payment, 4 84i@ fortunes of a candidate is a recognizad principle of
payment, 4 84|@4 8Cf
4 84t ; ootton for aoceptanoe, 4 8486^4 86, and grain our politics. The whole Grand Army episode would
prove it if it needed proof; indeed, we have heard it
for payment, 4 861(^4 86f
The following shows dally posted rates for exchange alleged that importance was on occasion given, by
serious public men, to efforts to win the organizsd
by some of the leading drawers.
FOS
FOBEIOH
BXOHAHOB.
KATES
support even of a wheelmen's league. The basis of a
POSTKD
DAILT
political contest is organization; what more natural,
ttihs..
W«D.. Thub. FBI.,
MON..
FKI..
Aug. 4
Aug. 2, Aug.
July 29. Aug.
then, than that a distinct appeal by a labor organize*
86
86
86
85«
85«
60 days 4 8S»
Brown
tion should tempt a candidate to grasp the opportunity
8»
89
89
88«
(Sight..
88H
Brothers
86
86
86
86
4 85«
86«
5 80 days
Baring,
that it dangled before him ?
80
89
89
89
StIH
Magoun 4 Co. Sight
8o«
tsm
86
86
86«
60 days 4 85>i
Bank British
The opportunity has been refused, however, and
8fe«
89
4 88«
88»
Sight
88H
88M
No. America.
ee
86
4
86
days
85><
60
86H
Banlt of
!§><
with entire wisdom. We greatly doubt whether the
88
88
88«
Sight.. 4 88
88«
88K
Montreal
86
86
80
86
86
people at large have reached a point where they would
Canadian Bank; 60 days 4 86
488
88«
88«
88«
88H
88m
of Commerce.. Sight
e6)<
86
86
80
ssm
receive with any sentiment but indignation the interHeldelbaoh.Iok- 60 days 4 85!^
89
89
4 88H
88«
88M
elheimer & Co. \ Sight
vening
of the Executive in a local labor quarrel. Tha
86
86
60 days 4 86^
85«
85K
Laiard
89
89
89
JSight.. 4 88H
88H
88H
Freres
beef dispute in particular had not even the excuse for
86
86
86
86
86
HerohsntB' Bk. 60 days 486
8t«
(Sight.. 4 881^
88»
88»
S8H
88M
of Canada
Executive intervention argued in the case of the coal
Coal was a necessary of life; beef i&
strike of 1902.
The following gives the week's movements of money
The embargo on coal came at the opening of
not.
to and from the interior by the New York banks.
the winter season, when want of fuel would have beec
Interior
Received
by
Net
SMpvtd
t>V
1904.
Week ending Aug. 6,
a cause of suffering; the dreaeed beef embargo, such
Movement.
y. r. Bank$. S. T. Banks.
as it was, occurred at a time when that particular
Gain. $3,088,000
14,787,000
16,886,000
Gain.
SS8,000
724,000
1,047,000
article of food could be dispensed with quite withonrft:
Oold
Gain. $3,411,000
$7,878,000
$5,461,000
Not even the allegation that the coal
privation.
Total gold and legal tenders.
miners could not operate their mines without the
With the Sab- Treasury operations, the result is
Cotton for
3.
1,
J
.
<
j
.
(
.
5
J
i
(^
J
.
5
(
•
. .
services of the strikers applied in the present case;
M follows:
ife
was plain from the start that nothing but arbitrary
Into
Out of
Net Olutngs in
Week ending Aug. 5, 1904.
violence could prevent the early resumption of the
Bank HoldingM.
Banks.
Banks.
packing work with a sufficient force of men.
.15.461.000
Gain.
asabove
$7,878,000
$2,411,000
movement
Banks Interior
84,800.000
600,000
Rii -TrAamiPT ADfiratloni
83,800.000
Loss.
Bat we do not wish to rest the argument against
$31,078,000
$89,701,000
Gain. $1,911,000 such intervention, and our approval of Mr. BooseTotal gold and legal tenders ...
The following table indicates the amount of bullion velt's refusal to mix himself in the matter, even oil
such distinctions. We hold that the notion of a reIn the principal European banks.
sort to the White House, whenever a deadlock between
August 6, 1903.
August 4, 1004,
labor and capital occurs, is wrong in toto, and is not
Bank of
saver.
Total.
ooia.
Silver.
lotal.
Oold.
only wrong as a principle, but would be exceedingly
£
£
£
£
£
£
vicious and dangerous in practice.
It is, first, an un81,110,498 85,024,086
86, ,024,686
Sngland.... 84,110,408
163.127.7li
108,091,260
45,036,414
102,898,723
348,298
warranted
interference
the
•
45,049,
,676
with
public
business. The
France.
K47,
,323,000
Germany..* 34,868,000 13,089,000 46,803.000 84.879.000 12,044,,000
President has been placed at Washington with distinct
03,009,000
8,634.000 108,836,000 81,344.000
8,978,,000
,382,000
Bnssla
,323,000
Avs.-Han.t ^8,176,000 12,084,000 60.889,000 45,388,000 18,996.,000
and stated duties to perform; those duties have so in14,761,000 80,459,000 35,820,000 14,600,000 20,460,,000
,060,000
Spain.
creased that the pressure of legitimate business on the
18,130,000
3,176,500 21,306,500 18,988,000
2,815,,200
,303.200
Italy
6,487,400 11.065,300
3,940.100
6,477,800
6,486.,700
,426,800
Netherl'ds.
occupant of the office is overwhelming. It is the
8,086,61)7
1,618,883
4,655,000
2,908,000
1,464,,000
,362,000
Nat.Bel«.*
business neither of labor nor of capital to inTot. week. 359.647,256 110,014,047 460.661,908 338,710,508 109,782,476 148,492,984
Tot-prer.. 364,628,880 lll,135,iee 475,768,67r 34l.2S4.076l 110,324.784 4fil.668.8U) sist
on adding
to
that of
these
functions
\\
* Tk« dlyuien (berween gold ana sllTer) glren in oar table of oolo
perpetual arbitrator of Industrial disputes. Who, in
abA bullloB In the Bank of Germany and the Bank of Belgium Is made
such case, is to judge whether the dispute is or is not
from the best estimate we are able to obtain in neither case is It
If a
elaimed to be aooorate, as those banks make no distinotlon in their large enough to engage the Executive attention?
weekly returns, merely reporting the total gold and silver, bat we strike of packers at Chicago, why not a strike
of
;
belleye the dlylsion we make is a olose approxlmatlOH.
t The Anitro-Hongarian Bank Statement is now Issned In Kronen and Heoer Initead of Gulden and Krentier. The redaction of the former onrreney to
terUng £ was ky considering the Gulden to have the ralne of 60 cents. At
the Krone has really no greater yalne than 80 oenU, our cable correspondent in
London, in order to reduce Kronen
£, has altered the basis of coarerston by
dlTldlng the amount of Kronen br 84 instead of 80,
"LABOR" AND THE PRESIDENTIAL
CAMPAIGN.
The
and
eral intervention in case of
refusal of the President to allow his personality
office
to be in
labor disputes
is
any way dragged into the current
an exceedingly gratifying sign of the
There are abundant indications that the labor
agitators of Chicago and of Colorado had reckoned
with Eome considerable confidence on the pressure
which they could exert upon candidates on the eve of
times.
a campaign.
to present
Politically speaking, the case they
was plausible.
The
laboring
had
man makes up
a very considerable part of the country's voting pop-
and even if the unions do not comprise the
majority of the American laborers, they represent at
any rate the organized part of the laboring oonstituulation,
masons, or truck- drivers, or freight- handlers? Certainly, if there is any right in the matter, the right of
commanding the time and services of the President
belongs as well to the smallest as to the greatest. We
fall to see how this can be denied, because none of the
principles, such as Inter- State commerce, whereby Fed-
law is justified, is applied
any of these episodes.
Of the dangers involved to the office itself, in a
possible placing of the Chief Executive in such a sitntion, one hardly needs to speak.
Intervention i»
asked on the tacit, if not explicit, ground that a body
of useful voters constitutes one party to the controversy.
But a public officer who, knowingly or unknowingly, intervenes from such a motive is under
the strongest possible temptation to favor the
side which commands the most numerous votes.
We do not say that an upright Executive would
thus be inflaenoed ; but we do say that suoh
a
possibility
makes it in the highest degree
in
:
THE CHRONICLE.
598
Improper
way
to
he
that
shoald
become Inrolved
be
in
allowed
the
any
En-
in
dispute.
force the law
he must.
If the Federal malla are
stopped by force, It Ib hla business to Intervene, and
the law prescribes his dutfes and his powers.
But to
be placed In a quasi- judicial function when he Is not
a judge, when he has no code of law or procedure to
govern his course of action, when his decision for the
one side would subject him to the Inuendo of seeking
ard his decision for the other to the slur of obedience to capital, would very soon mean the drag
glog of the Presidential office In the mire.
We think that these truths are recognized by the
votes,
people as a whole, and we do not doubt that they are
recognized by the President. We strongly suspect,
moreover, that the "labor vote" Itself is perfectly
well aware of the nature of the case.
It has been or e
of the gratifying facts In our political history that all
efforts to inject the "labor Issue" into politics have
Not a few thoughtful men based serious apprehensions over the approaching 1904 campaign on the
feeling that "labor" would somehow be an issue. They
failed.
had
little
need to
fear, as the event has proved,
[Vol. lxxix.
economics based upon the denial of this principle.
Whatever may be their attitude, however, every
economist of good standing from Adam Smith to the
present time has recognized the existence of what
JevoDs was pleased to call the '• Law of Indifference"
and which, with his accugtomed definiteness of expression,
he stated as follows.
In the same open market, at any one moment, there cannot
be two prices for the same kind of article.
Jevons regarded this principle as "a general law of
the utmost importance in economics," and explained
it on the ground that where a commodity is prectically
uniform In the qualities which adapt it to the uses for
which it is desired, one portion is quite as desirable as
another portion; that is, equal portions can be used
interchangeably.
There being, therefore, no reason
why
a purchaser should prefer the portion controlled
by one vendor over that of another, the slightest difference in price would govern his choice. Continuing
his explanation he says:
If in selling
a quantity of perfectly equal and uniform
barrels of flour a
merchant arbitrarily
and on them, a purchaser would
as the platforms of
both parties demonstrate. Election day invariably finds the laborer, like the capitalist,
ranged on the one side or the other, according to his
fixed different prices
course select the cheaper
ones; and where there was absolutely no difference in the
thing purchased, even an excess of a penny in the price of a
thing worth a thousand pounds] would be a valid ground of
of
choice.
habit, his
past affiliations, or his views on legitimate
public questions.
Students of our political history,
In this past generation, will not have forgotten that
In 1888—a year of strikes and bitter labor controver-
sies—the third party styled
Its
candidacy that of the
Union Labor ticket, demanded compulsory arbitration
and the eight-hour day, and offered as a bait for votes
every other fad for which the unions had been contending. Its showing on election day was 144,000
votes throughout the Union a hundred thousand
—
even than the Prohibitionists.
The ordinary process of free competition in any
market consists of successive offers on the part of
different vendors and possible purchasers, the offers of
the respective parties constantly approaching each
other until, for the reasons just given, they culminate
In a uniform price which continues until the entire
supply available at that price Is taken or the total demand of all those potential purchasers who have not
withdrawn temporarily or otherwise
from the
market Is completely satisfied. The price then
moves upward or downward through a repeti-
What was even
more instructive, New York State and Pennsylvania,
tion of
the competition process just described.
where labor troubles had naturally focused, and where
Probably no one will contend that the "law of
the unions were most powerful, cast, respectively, just
indifference," if It exists, does not apply to an626 and 3,877 votes for the Union- Labor ticket. Such
thracite coal and to the several grades of the prorespectable
less
poll of votes as that ticket actually
made
duct of the great packing establishments; nor, the
was scored, not In the sections supposed to be dominecessary changes being made In order to account for
nated by union labor, but in the restless districts of
the friction essential to the introduction of the elethe West, where the vague and general discontent,
ment of transportation, considering the entire western
later destined to play its part In support of the Popu
portion of the United States as a single cattle market,
list economic doctrines, was ready to give Its
voice
will any one urge that it does not apply with equal
for any platform which took Issue with the existing
force to the raw material required by the packers.
order.
In both cases there exists such a "trading body" as
Jevons contemplated when he said that such a body Is
ANTI-TRUST ECONOMICS.
constituted by "any number of people whose aggregate
The young men
of the dally press whose fluent ful-
minatlons against the " Coal Trust ' and the " Beef
Trust " fill columns of editorial space seem mainly to
depend for proof upon a certain uniformity In prices
which they allege to exist. The fact that the eight
or ten great anthracite corporations are not represented in the markets of the country by eight or ten
separate and varying schedules of prices appears to
the minds of these tyros In economic science as evl
Inflaence
that
in
a
market" must be considered
and
it
((*
may be a single individual in one case; it may be
whole inhabitants of a continent in another; it may be the
individuals of a trade diffased through a country in a
t'ne
third.'
There has
also been developed. In
both instances, in
those conditions essential to a
perfect market, which the same author describes as
a very high
degree,
dence of the existence of such a combination or " con-
follows:
spiracy In restraint of trade
market, then, is theoretically perfect only when all
traders have perfect knowledge of the conditions of supply
and demand and the consequent ratio of exchange; and in
such a market * * * there can only be one ratio of exchange
"as
Is
made
Illegal
and
Sherman anti-trust law. Possibly
these able writers are not aware that it Is a fundamental principle of the classical economists that precisely such uniformity of prices Is the natural consequence of free competition— or perhaps they are
ntentlonally seeking to establish a new system of
criminal by the
1
"A
of one uniform
commodity at any moment."
have Adam Smith as an advocate of the doctrine that uniformity in price Is the Inevitable consequence of free compatltion. A few excerpts from
We
;
Aua.
*<TJie
6,
THE CHRONICLE.
1904.]
Wealth of Nations"
safficiedlly disclose
his
CONTINUED GROWTH OF TRUST
views:
which any commodity is commonly
* * * The market price of every
flold is called its market price.
particular commodity la regulated by the proportion between
the quantity which is actually brought to market and the
demand of those who are willing to pay the natural price of
the commodity * * * When the quantity of any commodity
which is brought to market falls short of the effectual
demand, all those who are willing to pay the whole value of
the rent, wages and profit which must be paid in order to
bring it thither cannot be supplied with the quantity which
The actual
COMPANIES.
price at
they want. * * * A competition will immediately begin among
them and the market price will rise more or less above the
natural price * * * when the quantity brought to market exceeds the effectual demand, it cannot be sold to those who are
williog to pay the whole value of the rent, wages and profit
which must be paid in order to bring it thither. Some part
must be sold to those who are willing to pay less, and the low
price which they give for it mu^t reduce the price of the
whole * * * When the quantity brought to market is just
sufficient to supply the effectual demand and no more, the
market price naturally comes to be either exactly, or as
nearly as can be judged of, the same with the natural price.
The whole quantity on hand can be disposed of for this prlce^
and cannot be disposed of for more. The competition of the
different dealers obliges them all to accept of this price, but
does not oblige them to accept of less.
John Staart Mill
perhaps even clearer in attrlb
ntlng nniformlty of prices to the operation of the
natural forces that accompany free competition. In
Chapter I of Book III of his "Principles of Political
Economy *' the following appears :
Is
* * * in the wholesale markets, in whioh buying as
well as selling is a matter of business in which the buyers
take pains to know, and generally do know, the lowest price
at which an article of a given quality can be obtained
* * * the axiom is true, that there cannot be for the
same article, of the same quality, two prices in the same
;
market.
In Book
599
II,
Chapter IV, the same authority says:
We gave
all
last
week detailed comparative returns
of
the trust companies in the boroughs of Manhattan
This week aggregates have been
and Brooklyn.
furnished from Albany covering the trast companies
of the whole State, and, as usual, comparisons with
preceding semi-annual dates reveal some interesting
and significant features.
The
first
point to attract attention
is
the further
growth disclosed by the totals. Aggregate deposits
of the trust companies of New York State now fall
but
little
short of 1,000 million dollars, the exact
amount being $978,406,817. Last January it looked
as if there had been at length a more or less permanent
check to the development of the business of these institnilons.
It was not the mere fact of a lower total
in January than the previous July that suggested the
possibility of an arrest of their expansion.
Some falling off in the last six months of the calendar year
is
an almost invariable occurrence.
What seemed to
support the notion was that the shrinkage in the six;
months to January 1 1904 was of really noteworthy
proportions.
The
figures
evident that
now
published
shrinkage,
for July
large
1
though
make
it
was,
differed only in degree from previous declines in
the latter half of the year that is, was merely temporary; for we find that while aggregate deposits in the
this
it
—
months to January 1 fell off 1107,607,300, in the six
months since then there has been a gain in the extra'
ordinary sum of $171,243,248. Of the $978,405,817
total deposits July 1 1904, $833,822,116 were what are
called general deposits and deposits in trast, while
$54,591,153 represented amounts due trust companies,
$39,407,465 amounts due savings banks and $50,585,083 amounts due banks and bankers. This sab -divisix
no proposition whioh meets us in the field of
economy oftener than this— that there cannot be sion into different items has been required only
at
two prices in the same market. Such undoubtedly is the
recent semi-annual dates, but that there Is no reason
*
natural effect of unimpeded competition * *
for exclading any of the items is apparent from the
A complete list of the expressiong of similar import fact that out of the whole $978,405,817 deposits,
which register the conclusions of the ablest students $910,394,817 ure drawing interest.
of the principles of Indastrial association would fill a
What a tremendous growth has occurred in late
Those which have been given are years will be manifest when we say that as recently as
good-slzsd volume.
ample, however, to show that the writers who think January 1898 the aggregate of deposits stood at only
they find evidence of the abolition of competitive $383,328,726. In the following
we furnish a comparfreedom in the existence of uniform prices are citing ison of the totals extending back to that date.
one of the most thoroughly recognized eftacts of com- AOOREOATB DEP08ITB OF THE HEW YORK STATE TBU8T COUTAHIES.
petition as proof that the natural cause does not ex
July \, 1904
$978,405,817 Jan. 1,1902
»792,931,724
1, 1904
807,162,571 Jan. 1. 1901
638.121,771
Ist.
The truth is that the machinery of modern com Jan.
July 1, 190a
914,76^,871 Jan. 1, 1900
523.541,570
Jan. 1, 1903
1899
823,797,857 Jan. 1,
467,184,258
merce has gone further than the fathers of the July 1, 1902
887,001,689 Jan. 1, 1898
883,328,726
clasaical 'school of political economy ever imagined
When we consider the aggregate resources of the
would be possible in rendering perfect the realization institutions, we get totals of still more striking
The inter- magnitude. The aggregate in this case for July 1
of their concept of a competitive market.
change of commodities is now nearly everywhere 1904 stands at $1,208,450,930, against $1,042,413,409
conducted in the vivid light of the fullest and most January 1 1904 and
On
$1,14«,370,755 July 1 1903.
up-to-date information concerning the supply and the January 1 1898 the amount
was only $483,739,926.
effective demand.
The vendor of coal and the pur
AOOREOATB RB80UB0EH OP THE TRUBT OOMPAnSS OF H. T. STATE.
$969,393,644
$1,208,450,930 Jan. 1, 1902
chaser of cattle knows almost as quickly as his rivals July 1. 1904
Jan. 1, 1904
797,983,513
1,042,413,409 Jan. 1, 1901
672,190,672
do wbat the action of each of them is or Is likely to July 1. 1903
l,146,370,75^ Jan. 1, 1900
579,205.442
Jan. 1, 1903.
1,039,956,025 Jan- 1, 1899
be, and he shapes his course in accc'dance with his July 1, 1902
483,739,926
1,078,212,685 Jan, 1. 1898
knowledge.
The business man who did otherwise
There is one item, however, in the trust company
i^ould invite bankruptcy without being able finally in returns that falls far below previous totals.
We refer
any material way to affect the market. The economic to the loans on collateral. With both deposits and
principle which was discovered with dlflBculty by aggregate resources the very largest ever reached, the
Jevons, Smith, Mill and their fellows who wrote and amount of these loans July 1 1904 was only $500,106,studied daring a cruder commercial epoch still oper
646, against $510,928,626 January I 1904 and $626,ales, but more smoothly and with enhanced precision.
694,833 on July 1 last (year. The present total is in
There
political
is
-
THE CHRONICLE.
r>0()
fact the amalleBt since 1901.
very simple.
Collateral
The explanation appears
have always been a
faycrite form of Investment with the trust companies,
but with call money down to 1 per cent and
even lower, the trust companies are evidently finding It more profitable to keep their money on
deposit with the banks, where they get a considerably
higher rate of return.
We
notice
that
$126,688,187
the loans of
less
I
loans
while the trust companies had
out on loans than a year ago,
our New York Clearing House In
stltutions on July 2 were 1167,687,300 larger than
on the corresponding date in 1903, which would seem
to show that there has been simply a shifting of loans
from the trust companies to the banks. Of course
the figures for the trust companies cover the whole
State, but even if we take only the institutions in
Greater New York, the result is the same—in fact it Is
a trifle more significant, the amount loaned in that
case standing at 1471,607,189 the present July,
JuJy
1.
UOLDtllOS or BOKDS AID MOBTOAOU.
$6 1. 224.759 IJan. 1. 1902
.59,ft34,679 Jan. 1. 1901
65,370,420 Jan. 1, 1900
62,385,380 Jan. 1. 1809
49,325,064 Jan. 1, 1898
1904
1904
Jan. 1.
Jaly 1.1903
Jan. 1. 1903
July 1. 1902
Jan.
July
1,
1.
1.
1,
1.
$45,483,010
40.730,578
38,143.145
34,855,038
32,e24,9»5
I
I
L0.1KB
July
Jan.
July
Vol. Lxiix.
OK PEB80NAL SEOCilTT BT
1804
1904
1903
1903
1902
$71,611,198 Jan.
56,710,963 Jan.
53,060.425 Jan.
42,283,160 Jan.
48,5/3,129 Jan.
1,
1,
1,
1,
1,
N. T.
COMPANIBS.
1902
1901
19O0
1899
1898
$11,907,300
39,840.068
31,101,271
29,930,376
81,183,292
CENTENNIAL OF A NEW JERSEY BANK,
As noted
column of Bank Items last week,
Newark Banking Co. on Saturday last
In our
the National
celebrated the one hundredth anniversary of the
beginning of business. A very attractively gotten up
book from the press of Robert Grier Cooke has been
commemorative of the event. During the last
ten years centennials of banking institutions in this
State have not been infrequent, but a hundred-year
anniversary of a Jersey banking institution is something cut of the ordinary. Even to those who knew
issued
that the National
Newark Banking
Co. enjoyed the
against $598,901,873 on Jaly 1 last year, a decline of
over 1127,000,000. The following carries the comparisons of the loans back to 1898.
distinction of being the oldest bank in New Jersey,
the fact that its
record extended nack a full
century came in many cases no doubt as a surprise.
U>ANB OK 00LI.1.TBBAL BT TBVST
1, 1904
$500,106, «46
1, 1904
510,928,626
1903
1,
626,694,833
7ml 1, 1903
554,961,229
July 1, 1902
603,436,621
The
July
Jan.
July
COMPAXIBS IN
Jan. 1, 1902
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
NEW TOBK
1901
1900
1899
1898
STATE.
$540,208,706
387,911,415
328,143,588
283,402,822
230,581,708
directors have
done well to mark the occasion
the interesting features and reminiscences connected with the bank's history which we
find in the book before us.
The compilation was one
of the last tasks performed by Charles G. Bock wood,
and to
recall
Not only have large amounts of loans, it would
seem, been shifted from the trust companies to the who was prominently identified with the Institution
Clearing House banks, but the trust companies have as Cashier and President for forty- four years, and who,
also provided most of the means to the banks for the unfortunately, did not live to see the appearance of
making of the additional loans. Such conclusion is the book, he having died on the 17th of last month,
sustained by the fact that the trust companies in the the eve of his ninetieth birthday.
The bank was chartered February 18 1804 under the
Greater New York had cash on deposit with the banks
title
of The Newark BankiDg & Ineurance Co., but did
of 1209,618,430 on July 1 this year, against only $108,180,224 July 1 last year. This gives point to the not actually begin business until July 30 1804. Upon
rumors current this week that some banks were going the renewal of its charter, March 31 1865, its name was
to reduce the rate of interest allowed on trust com- changed to The Newark Banking Co. When it joined
pany deposits to 1 per cent. For the whole State the the national banking system June 24 1865 it assumed
the title it now bears, namely The National Newark
comparison is $226,727,762, against $120,388,626.
In addition the trust companies of the State held cash Banking Co. In 1804 there weie alieady forty five
In their own vaults of $35,619,416 July 1 1904 against banks In the country, but, ss the author well says,
$26,708,690 on July 1 1903. The cash which they banking was a new departure for the business men of
"Without experience, obliged to learn
hold themselves forms not quite 4 per cent of the Newark.
principles
and
evolve methods, they were In their
deposits, but adding the cash on deposit with
the
banks the total of cash is brought up to $262,247,178, daily transactions making their own precedentp, a
which is over 26 per cent of the $978,406,817 deposits. fact entitled to small notice to-day, save by us who
Below we show the comparative figures of caeh back now, one hundred years later, are conducting this
same business."
to 1898.
CASH ON HAHD AND ON DBPOSIT BT
July 1, 1904
$262,247,178 Jan.
Jan. 1, 1904
152,286,383 Jan.
July 1, 1903
147,097.316 Jan.
Jan 1, 1903
138,659,889 Jan.
July
1,
The
1902
128,978,387
Jan.
BTATB COMPANIBS.
1902
$121,045,797
1901
106,702,416
1900
81,366,288
1899
71,734,621
1898
55,034,451
1,
1,
1,
1,
1,
so-called stock investments,
Ity holdings of the companies,
meaning the secur.
keep steadily growing,
as would be expected from the expansion in deposits
and resources and the contraction in the loans. The
companies of the State have 46^ million dollars more
invested that way than a year ago, as will be apparent
from the subjoined table.
STOCK INVE8TKENTS OF TBUST COMPANIES.
July
Jan.
July
Jan.
July
1,
1,
1,
1,
1,
1904
1904
1903
1903
1902
$276,024,912
225,386,955
230,698.3S6
219,378,946
818,806,131
The back's
N. T.
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1,
1902
1901
1900
1899
1898
$190,822,966
196.852,582
168,196,642
136,561,066
113,525,798
State of
charter was the
New Jersey.
visions.
first
The preamble showed
many banking
ever granted by the
It contained
Institutions
some peculiar pre-
that, ai In
founded
the case of
elsewhere,
its
ostensible purpose was to establish the insurance business, banking powers being added lest the profits of
the insurance business should prove insufficient to
remunerate the shareholders, the advantages of a well
organized bank being only in part recognized. We
may add, too, that in June 1821 a serious effort was
made
to
build
up
the
business
of
fire
insur-
ance as authorized in the charter. From time
to time the question had been considered, but at
the date mentioned a meeting of stockholders was
at which the directors were instructed to
called
it.
Rates and forms of policy, we are told,
ware adopted, and a suiveyor of buildings engaged;
also a committee to act; upon applications for insur
yond noting that these items keep growing from year ance. On February 21
1822 the first loss was paid,
to year, though only in a small way.
and on November 6 1827 the second of $13.68, only
With
reference to the real estate mortgages and the
loans on personal security, there is nothing to say be-
Investigate
;
Aua.
6,
THE CHRONICLE.
1904. J
601
The baslnesr
two losses being paid In six je^rs.
Febraary
on
23 1829, and
was definitely abandontd
upon renewal of charter in 1866 the power wae
removed and the word dropped from the title.
Banks of Newark, Camder, E' zabetb. New Brunswick and Morris were Incorporated.
Judge Ellsha Boudlnot was the first President of
Concerning him the author says: 'He
the bank.
Among the peculiar provisions in the original char- was the younger of two notable brothers. The elder,
ter was a sliding scale of voting on the shares
one Ellas, was President of the Colonial Congress and
share,
one
vote
for
every two sharer first president of the American Bible Society. Ellsha
vote for one
above two shares, and not exceeding eight shares
was Mayor of the Borough of Elizabethtowa for
one vote for every four shares above eight shares and several year?, a member of the Committee of Safety,
one vote for every six shares Deputy to the Colonial Congress, and, after the
not exceeding twenty
above twenty and not exceeding fifty ; one vote for Et volution, was one of the judges of the Comevery ten shares above fifty. At every election twc mon Pleas of Essex County and a Judge of the
directors were to be dropped, only nine of the existing Supreme Court of New Jersey.
He is spoken of in a
board being eligible at that election. Accordicg to ar published biographical notice as one of the many
—
;
were fined for non-attend
dance or tardiness at the meetings of the board, and
the minutes contained frequent mention of such fines.
This by-law, however, was soon repeak d. The fact
that in early years the rates of discount, the length of
paper, and other matters, now usually controlled b}
the directors, were decided and directed by the stockholders, necessitated frequent meetings of the latter.
In November of the year (1804) when the Newark
Banking & Insurance Co. was chartered, the "Associates of New Jersey'' asked for the charter of a banli
at Paulus Hook (now Jersey City).
As the Newark
bank, however, objected and claimed that East Jersoj
had been assigned as its territory, the Jersey Bank at
Paulus Hook was chartered as a branch of the sao^e.
Still there is little evidence of any real control over,
or direction of, the business of the Jersey Bank by tht
Newark Institution during the six years of the former's
early by-law the directors
men
Illustrious
Some
the
Newark bank began
became
open an account with a New York
baLk as city correspondent, redemption and collectloi
agent.
This account was opened with the ManbattaE
Co. but was transferred June 12 1805 to the Mer
chants' Bank, since which time that bank has beer
business
it
Newark bank's representative in New York and
Newark batk the Merchants' collecting agent it
New Jersey. "It is pleasant to recall that for neailj
the
the
a century these mutual relations have continued harmoniously, havirg been made even closer through
Jacob D. Vermllye, for sixteen years Cashier of this
bank, becoming Cashier, and later President, of the
Merchants' Bank."
From
perusal of the minutes of the bank, it is evl
dent that the question of taxation, which is sc
troublesome to corporations generally now- a- days, wa^
given
and clerks are given.
Thus, Aaron
Beach, the second Cashier, held h!s position for
twenty-seven years. S las Condit, the third President, held that office for twenty-two yeais, having
been director thirty- eight yeare. John Taj lor, the
fourth President, served forty one years as President and director.
James B. Plnneo, the fifth
was
President,
a
director
forty-six
years
and
Charles G. Rockwood, the
and author of the present book, had
been Cashier and President forty- f ourjears, and, still
continuing his directorship, had been connected with
the management of the bank forty- six years when he
died last month. Philip W. Crater, the sixth Cashier,
President ^thirty-three.
sixth President,
had, at the time of his death, been connected with the
ard Cashier thirtyBeach Vanderpool was a director forty
James B. Ssyre Jr., the present senlcr
Dodd was notary
When
has
notable Instances of long services of direc-
winter seesion.
at oLce necessary to
Jersey
officers
tors,
bank
i>
whom New
birth."
December 3] 1804 the Trenton Banking
Co. was chartered. Thus the three banks, one each at
Newark, Paulus Hook and Treaton, were chartered
by the same Legislature, it holding a summer and
existence.
J,o
as teller. Assistant Cashier
eight years.
years.
Daniel
Alfred L. Dennis
was elected a director in 1349 and died In office in
1890, but for eleven years declined election and then
returned to the board, making his length of service
director,
has held his seat forty- five years.
forty five years.
Jacob D. Veimllye, the fourth Cashier,
was appointed in 1843 and died in 1892. On his
resignation of the cashlershlp in 1868, he was elected a
director, and later Vice President, and although
located in New York was nearly as active in the
thirty years.
affairs of
the
bank
as
if
in the
home
office.
served the bank for more than forty-eight yea^
He
s.
In 1902 the Newark City National Bank was absorbed and the capital of the National Newark Banking Co. increased from 1600,000 to $1,000,000. Mr.
Edward S. Campbell, who had in January 1894 been
made Vice President of the National Newark Batikleg Gc. (resigning his place as Cashier of the Na-
a live issue even In those early days.
tional Bank of New Jersey in New Brunswick to take
the position) became President of the consolidated
we
institution.
find
it
At all events,
recorded that on November 27 1810 th
stockholders were convened by the directors to take
action upon a very "oppressive" law taxing banki
per annum. Directors were
requested to remonstrate, to make an effort to have
the law repealed, and if no relief could be had, tc
one- half of one per cent
contest
its
constitutionality.
The author
also
that "In consequence of this taxation the Jersey
at
Paulas
Hook
dissolved
to Wall
and removed
New
Its
notts
Bank
capital and
York, where, as the
Union Bank, it did a prosperous buainees for manj
years and finally closed by voluntary I'quidatlon."
The Newark Banking & Insurance Co. remained
the sole bai k in Newark until 1812, when the State
Interests
Street,
in the
Some
notable instances of long service
Newa: k City National Back are also recorded,
that of David H. Merritt, the present
among them
First Vice-President of
tered the
Newark
the enlarged bat k, who enBank as paying tel-
City National
on April 4 1870, becoming later Assistant Cashier,
then Cashier and Vice President.
The author takes occasion to point out that the
pages of the history of the baik are stained by no
record of defalcation, and he sums up the record and
achievements of the Institution in the following
wordc, which are worth quoting entire.
ler
In this country of frequent changes, few business
live out one hundred years without inter-
concerns
THE CHRONICLE.
602
wuu uuutiuueu
{Vol. lxxix.
Tnis la probably true, but it would not have been bo if the
century on statesmen had been actuated by the tnrther theory that it
Fobraary 18 1904 as to charter and on July 30 1904 was "expectation of Democratic legislation in the direction of
Ii has changed Ub lower duties that caused a decrease of more than 200 mil88 to the beginning of buslDeop.
name, and has passed from State to national aystem, lions value of imports in 1894 as compared with 1893, and a
but has had continuity of management and ownership, loss of almost 70 millions in revenue from Customs." Like
^Ith no liquidation, and Is the aami institution to day Mr. Sherman, Mr. Stanwood seems in this argnment to overwhich was chartered in 1804. Its history runs through look entirely the fact that the fiscal year referred to followed
times of prosperity and times of business depression a period when the import trade was at the maximum in our
«nd adyerslty; through times of war, foreign and history, and had hardly begun before an overwhelming comcivil; through panics and through suspensions and mercial panic swept over the country.
Political expectaresumption of specie payments, with their attendant tions are somewhat eaperfiuous to explain a fall in pur'
expansions and contractions. Through all these dan chase of foreign goods and in public revenue under such
gers the bank has been safely guided; Its steady and conditions.
liberal management has been of Inestimable value In
These criticisms concern mainly the point of view. As
aiding and sustalnlcg the mercantile and manufactur- a summary of facts and a sketch of the various controversies
ing interests of the city. Daring the hundred years — their origin, character and result— Mr. Stanwood's book is
Newark has grown from a village to a large and pros- more complete than any which we have encountered. It
perous city of nearly three hundred thousand Inhabitdoes full justice to Mr. Blaine's reciprocity campaign, very
ants, ranking to.day as the twelfth manufacturing
fairly discusses the Constitutional argument and Is particucity of the Union. The conduct of the bust
larly full in its treatment of Hamilton's attitude towards
the bank has
i]«88
been quite as advanof
manufactures.
tageous to the stockholders as to the city; from
the OTganlzation to the close of the hundred years,
Engineebino Preliminaries for an Interurban Electric
they have received their regular half-yearly dividends Railway,
by Ernest G-onzenbach. 8 vo., pp. 72. New York,
without a single omission, always equaling in rate 1903: McGraw Publishing Co. Price, $1.
legal interest &*, least ; for several years the rate of
This is a reprint of matter which was furnished, by re.
dividends, regular and extra combined, reached sixteen
quest, to the "Street Railway Journal," and has already
per cent per annum, many extra dividends having
appeared in that publication. Like the larger work of Mr^
been declared. In the course of the bank's existence
deals with a proposed road which is asthe total dividends amount to about nine and one-half Gotshall, this one
sumed
to be a typical one, serving as an example of many
times the capital of the bank, and the period closes
with a surplus equal to the capital, and the stock roads now on paper and perhaps to be actually built. The
writer had been invited by the promoters of a road in the
quoted at 360 per cent.
At that
Middle West to examine and report upon the plans
time one of the large manufacturing companies had submit-
rapcluD uud
Tnu Matioual
uuccuBa.
Newark Banking Company completed
Its
S00I1 %oticts.
ted a proposition to equip the road, when built, for highspeed service, with four 125 H. P. motors per car, 80 lb,
track rail, a 100-lb. third rail, and sub-stitions, distributing
American Tariff Controversies in the Nineteenth
Century, by El ward Stanwood; Houghton, M flflia & Co.
2 vol., pp. 417.
system, and power-house to correspond. The promoters had
Mr. Stauwood's book is a painstaking and very thorough been visiting a lately opened high-speed road which had such
review of eacti of the various tariff ooatroversies in oar an equipment, and they were disposed to follow the example,
national history, with analysis of the oonditions which but Mr. G^nzenbach thought this too ambitious. "The
caused each discussion, the debate which accompanied it, present tendency (he says) towards extremely heavy equipand the coaseqaences which followed it. It is brought ment for cross-country roads is an outgrowth of elevated
atricfcly up to date, and is the only book which can give a and similar practice, where heavy equipments and high
complete and comprehensive picture of the numerous ex- acceleratioa are not only justified but absolutely necessary
periments by our country in euch legislation. An honest the earnings of elevated roads which warrant these heavy in;
made, in reviewing these several episodes, to present
both sides of the controversy. The writer's own opinions,
however, are not at any time disgaiaed, and they occasionally
interfere with historical perspective. This is rather conspicuously true in his treatment of Mr. Webster's earlier
attitude towards protection. Of Webster's free-trade speech
of 1824 the readar of Mr. Stanwood'a remarks will get an
idea not much more distinct than he would have gained
from Mr. Lodge's life of the statesman. This is unfortanate
effort is
from a
historical point of view, because Webster's discussion
of the subject
is a classic In the tariff controversy, and its
arguments were never repudiated by their author, even when
he bad changed his own position on tariff legislation.
The beliefs of the writer have some hand in bis discussion
of
more recent events
in the controversy.
He
very properly
Wilson Tariff Act of 1894 as a measure "academic rather than practical and adapted to the existing situcriticises the
All unbiased critics are now agreed that the legislation of that year erred gravely in not taking into account
the urgent;need of revenue. In this regard, the result would
indeed have been much worse but for the restoration of the
ation."
sugar dnty by the Senate— a step which the framer of the
But Mr. Stanwood is not so
bill had not coatemplated.
when the McKinley Act of 1890 is in question.
excessive and dangerous violence and the lack of foreeight with which that measure curtailed the public revenue
he concedes. He suggests for its authors the verdict, "guilty,
satisfactory
The
but with extenuating circumstances." The extenuation stated
that the subsequent collapse of the public surplus was due
to the opposition party's success in 1892. Had the Republicans remained in control, "they would have been compelled,
in recognition of their mistake in crippling the Treasury at
both ends, to amend their own laws, at least to the extent of
eaviag a nominal surplus."
is
vestments are never approached, however, by the strictly interurban road, and there are several of the latter now in
opsration which stagger under the financial burden of the
elevated equipment and country income."
He resomm'^nded smaller motors and lighter equipment;
arguing that by a simple modification of the accepted schedule perfectly good service oould be had upon lower total
investmeat per mile of track and lighter operating costs per
car mile. The prjposed road, Q214 miles long, parallels for
most of the way a steam road which gives gjod service at
about 2^ cents per mile. Comfortable and even luxurious
cars, and time between terminals equally fast, will be necessary to compete. For such service it is becoming customary,
" too much so," to propose an acceleration of two miles per
hour per second, a maximum speed of 60 to 70, and a schedule speed of 40 to 45. Such a proposition has no objection
except that of original and operating cost, but he thinks it
would not be profitable for such a road as the one proposed.
Instead be offered the modified schedule. Into whose details
we need not go.
He prefers the third rail, as lower in both first cost and
maintenance, and thiaks that "an interurban private right
of way along the highway is very often a sign of Imperfect
emancipation from horse-car practice." As to weight of
rail, he thinks there has been too much tendency to follow
steam-road practice. The heaviest electric cars at present
do not exceed 45 tons, and are not likely to go much higher;
"taking into consideration that there are no reciprocating
parts on an electric car, there is consequently none of the
hammer blow to test the strength of the rail, as with steam
looomotivee." We need not discuss that, but venture to dissent so far as this: the hammer blow, at least the damaging
one, does not come from reciprocating action, but from all
imperfections in roadbed, rail and rolling stock; every de-
Aug.
THE CHRONICLE.
6, 1904.
partnre from uniformity (one of tne worst departures being
a flat wheel) produces a "pound." Weight and speed are of
course the factors which work with imperfections to produce pounding; but merely substituting rotary for reciprocating action would not greatly change the case.
Some remarks in defense of a detailed estimate which
comes to $39,750 per mile of single track for construction
cost purely, exclusive of right of way and other expenses, are
worth quoting:
No doubt opinions will be divided as to the merits of building a road at this cost. Men who have been building Interurbans at from |18,000 to $20,000 per mile will be inclined to
sneer at the construction prooosed, and perhaps charge all
the excess cost to "third rail," as is the habit. Others whose
roads have cost from $30,000 to $50,000 per mile— some of
them trolley roads, others third rail— may be inclined to find
the estimate somewhat low for the class of work proposed.
Probably both are right, for it is well recognized that the
internrbans built at the first figures are often mere horse- car
systems grown to maturity, while the term "tbird-rail road"
has become synonymous with roads often extravagantly built
and equipped. By choosing the best from each, a road physically and financially somewhat like the example we are discussing will be the result, and will be more valuable than
either of the two extremes, on the same principle as a mule
is more useful than either of his parents, the jackass and the
603
—It is reported that a membership
Exchange was recently transferred
in the
New
York Stock
for a consideration of
170,000.
—The contract for the erection of
the
new
building of the
New York
Produce Exchange Bank of this city has been
awarded to the Thompson-Starrett Company. The new
structure will be at the corner of Beaver Street and Broadway (about opposite the Bowling Green Building) and is to
be completed on or before April 15 1905.
—
Mr. James G. Morgan has been chosen Vice-President of
the Third National Bank of Jersey City, N. J,, to succeed th&
late
Mr. Henry Lembcck.
formally opened its new building at
and Thirty third Street, Bayonne, N. J on Saturday July 23. The bank began business on this site a little
over a year ago, in April 1903, in a one-story frame structure.
Its new home is of white brick with stone trimoaings, and is
The bank has a capital
fitted with all modern conveniences.
of $100,000. Mr. George Carragan is the President and Mr,
Emmett S. Hamilton the Cashier. Mr. George W. Young,
President of the Uaited Sates Mortgage & Trust Cmpany,
—The Bayonne Bank
Avenue
D
this city,
is
,
one of the Vice-Presidents of the bank.
horse.
—In a period of less than three years the New Rochelle
Mr. Qonzenbach lays the utmost stress upon having the cars
Trust Company, of New Rochelle, N, Y., has made an exthe best in every respect which can be procured, and he ad
cellent record for itself. Opening on October 1 1901, the
vises putting less money than has been done in some heavily,
company at each half-yearly statement since January 1902
financed properties in rails, power house and other electrical
has been able to show an increase in its deposit account, unequipments; on the other hanij, he would put ihore money into
til on July 1 of this year the amount reached $1,075,844, This
car Ix>die8, trucks, waiting stations, block-signals and track
is against $829,838 on July 1 1903 and $633,696 on July 1 1902.
ballast.
The total resources in the latest report are given as $1,231,Banking Publicity A Manual on the Art of Advertising 247. The iostitution has a capital of $100,000 and surplus
the Business of Financial Institutions, Published by the and undivided profits of $31,655. Mr. William W. Blssell is
Moody Publishing Company, 35 Nassau Street, New York, the President, Mr. Robert P. Carpenter the Vice President
and Mr. Henri J. Van Zelm the Secretary.
Price, $4 00 net.
:
This is the title of the latest work of Mr. Francis
R. Morison, Assistant Secretary and Treapurer of the
Equitable Guarantee & Trust Company of Wilmington,
Del. The book is practically an expansion and elaboration
of Mr. Morison's "Systems," biit with new features of usefulness and value added. We took oeoasion to refer recently
to Mr. Morison's "System of Trust Company Advertising,"
relating to the successful advertising of the business of trust
companies. Hxs latest book, while treating more essentially
of the subject from the standpoint of banks, should prove
serviceable to all classes of financial institutions.
Four features are embraced in the 162 pages of the vol
ume, namely, "Expert Opinions of Bank Officials," "General
Suggestions." "FoUow-Up Correspondence" and "Display
Advertisements." The "General Suggestions" contain short
articles reviewing the usual methods of, bank and trust company advertising, and pointing out both the right and wrong
—The
stockholders of the First National
Bank
of Saratoga,
N. Y., on Monday last consented to an assessment of 90 per
cent en their holdings. The afsessment is payable to-day
the6thinst. This action of the stockholders may result ia
the consolidation of the First National and the Citizens' National Bank of Saratoga, which both closed their doors about
the ssme time, the latter part of June. At a recent discus-
p.
among the directors of the twobankp, Receiver Van Vranken of the First National stated
that, in order to make such a plan effective, it would be necessary for the stockholders of the First National to voluntarily pay at once two-thirds of the proposed 90 per cent
assessment. The authorities at Washington would then ixxxn
over the bank to the old management.
sion of a consolidr.tlon plan
—
With the opening on Monday of the Niagara Falls Trust
Company, of Niagara Falls, N. Y., the Electric City Bank of
Niagara Falls ceased to exist. As noted in these columns
way to advertise. The "Follow-Up Correspondence" is a July 2, considerable opposition was encountered when the
aeries of sample letter forms showing a practical and systrust company was seeking a certificate, it being claimed
tematic way of cairying on effective campaigns of "follow- that the banking business in that locality did not warrant
up" letters and circulars for the acquisition of new and the the opening of another financial Institution the company
retention of old and current busiress. Suggestions regard- was finally authorized to dobasioeas, but only, it is stated, on
ing the arrangement and wording for effective public ad- the understanding that the promoters would secure control
vertising, adaptable for all forms of banking, are embodied of and liquidate the Electric
City Bank of Niagara Falls.
;
under the caption of "Display Advertising."
Altogether the book ought to be found of service to those
in whose interest it is written. Mr. Morison, the author, has
for the past ten years been furnishing trust companies with
advertising matter. With this experience and bis additional
experience as an officer of a financial institution, he was
Papers were signed last Saturday whereby the trust company
acquired the assets and business of the bank, and the new institution is practically under the same management as was
the bank, the list of officers including Mr. Frank A. Dudley,
President Jerome B. Rice, John M. Hancock and Frank W.
Haskell, Vice-Presidents
George G. Shepard, Secretary,
and Felix W. Woolworth, Assistant Secretary. The company has a capital and surplus of $100,000 each, and is located
in the old quarters of the Electric City Bank, corner of Falls
;
;
obviously well qualified for discussing the subject.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The public sales of bank stocks
this week aggtegate 150 and First streets.
which 119 shares were sold at the Stock Exchange
—The stockholders of the First National Bank of Woburn^
and 31 shares at auction. The transactions in trust company
Mass., will, at a meeting on September 12, act upon the
stocks reach a total of 42 shares. Two small lots of stock of
recommendation of the directors to liquidate the bank at the
the National Park Bank were sold at auction, one of It
expiration of the charter on January 18 next. A circular
shares at 491^ and one of 10 shares at 600, these prices comissued to the stockholders advising this action states that
paring with 462^ at the last previous sale in May.
five-sixths of the shareholders are non-resident and only 37
Mhare*.
Bakkb— Yew fork.
Price.
LoMtpreviout taU..
of the 126 shareholders keep an account with the institution
*1Z9 Commnroe, Nat. Bank of
.Tnly 1904— 209>fl
308-210
21 Park Bank, National
May 1904— 462>fl as depositors. Three- fourths of the value of the stock Is
4tfi\-500
TbDST COMPANIKS-iVew lorli.
25 0oinmonwealth TrnBt Co
76\ held by the non-reeldents. The bank was organized as a
64
Jiino 1904—
17 North Amerloan TfQHt Co
250
May 1804— 255
State institution in 1868 and converted to a national Institu-
shares, of
*
Of
this
amoant, 119 shares were sold at the Stock Ezohange.
tion in 1865.
It
has a capital of $200,000.
TUK CHRONICLE.
G04
—It is annoanced that the Union National Bank of Weymouth, Maes., (capital $300,000) is closing up its afifairs, the
stockholders having decided not to renew the expJriag
Taefel,
charter,
Bank
—The
stockholders of the Weybosset National Bank of
Providence, R. I., authorized the voluntary liqu'dation of
the bank on July 26, The bank was absorbed by the Union
Trust
Company
of Providence a
month
—
negotiations for the pr :)posed consolidation of the
Fort Pitt National and the Fifth National banks, of Pittsburgh are now well under way, the details having been perfected this week. As outlined in our issue of January 2 last^
wherein we stated that such a consolidation was contemplated, the North American Savings Company of Pittsburgh
(which in March 1903 acquired control of and has since
operated separately the Fort Pitt National) will relinquish
the ownership of the Fort Pitt. The latter will then increase
and surplus from |200,000 to $1,000,000 each, and
will absorb th3 Fifth National.
The last-named bank has a
its capital
and surplus of
capital of $100,000
$50,000.
An
additional
$50,000, it is stated, will be subscribed to the surplus to
make
the book value $200 per share. One new share of Fort Pit*
stock will then be given for each share of Fifth National'
As part of the plan, the North American Savings Company
is to reduce its capital and surplus from $1,000,000 to $300,000
each. Its undivided profits are to be distributed as a cash
dividend, so that the stock on a $100 par basis would have a
book value of $200 per share. It is reported that in reducing
the capital $700,000, that amount of North American stock
will be exchanged for the same amount of new Fort Pitt
stock. Control of the latter will by this arrangement be held
by the stockholders of the North American as individuals,
instead of by the company itself. The proposed changes will
be voted on by the North American's stockholders on October
8.
Besides succeeding to the entire business of the Fifth
National, the Fort Pitt National will also take over the commercial business of the North American. The Fifth National
Bank Building will be purchased by Mr. George I. Whitney
a director of the Fort Pitt National, and who, it is stated,
owns 90 per cent of the Fifth National stock. Mr. Andrew
W. Herron, President of the Fort Pitt National Bank, is
looked upon as the probable head of the enlarged bank,
—The new Park
Bank
whoie salolds was
noted in these columns
last
week.
—A run was precipitated on the Drovers' Trust &
to-
of
the
move
is
Chicago yesterday.
The
responsibility for
beef-packing
strikers at the
Savings
it is
establishments.
laid
The
said to have been in retaliation for the alleged action
of one of the
packing firms. This concern arranged, it is
have the me a who took the places of the strikers
paid in cash at the bank, so as not to experience the embarrassments growing out of the packers' system of paying by
checks. The strikers thereupon decided to withdraw their
deposits. All demands were met without protest by the
cffiMals, no advantage being taken of the three months' notice allowed by law.
The company is under the same management as the Drovers' Deposit National Bank, and has a
stated, to
ago.
Receiver Gaither of the American National Bank of
Baltimore, who, as reported in these columns last week, is
now paying a final dividend of 3 p r cent to the depositors,
informs us that some interest also will be paid them—just
how much or when, it is not possible as yet to say.
—^The
[VOI^ LXXIX.
of Pittsburgh, a State institution,
opened for business on Monday at Park and Frankstown
Avenues. The capital is $50,000 and surplus $10,000. Previ
ous references to the bank appeared in the Chronicle of
April 2 and July 23.
According to a telegraphic dispatch from Cincinnati appearing In the daily papers yesterday, the First National
Bank and the Ohio Valley National Bank, both of that city,
—
are to consolidate. The report further states that the First
National, which will absorb the Ohio Valley National, will increase its capital from $3,000,000 to $3,700,000— $700,000 representing the capital of the Ohio Valley N ational. Mr. W. S.
Rowe, President of the First National, will continue in that
capital of $200,000.
—The officers
of the Prairie State Bank of Chicago contemopening of a new national back, the name in all
probability to be the Prairie National Bank. It is said that
the capital will be $250,000.
plate the
—The
annual convention of the Michigan Bankers' Assowhich opened July 26, was the occasion of an
enj oyable week's outing. Assembling at Detroit, the bankers
oiatlon,
proceeded from there by boat to Buffalo.
The business
meeting was opened aboard the steamer on Tuesday and was
concluded on Friday. Daring the interval, besides stopping
at Buffalo, Niagara, Lewiston and Toronto were also visited.
At Toronto special arrangements had been made for the
entertainment of the delegates, and a banquet was tendered
them at the King Edward Hotel, where addresses were
delivered by Mr. B, E. Walker, of the Canadian Bank of
Commerce, Toronto; Robert Jaff ray, Toronto; H. P. Hilliard,
Vice-President and Cashier of the Mechanios' National Bank
of St. Louis
Col. James R. Branch, Secretary of the
American Bankers' Association, and others.
;
—According
to the St. Louis "Globe- Democrat, " the
Merbecome a member of
the St. Louis Clearing House. Heretofore the banks alone
have been members of the Clearing House, and the Mercan-
cantile Trust
tile is
the
Company
first
of that city has
made it a
through the banks) to join the association.
of the trust companies (which hare
practice to clear
—The stockholders of the Home Finance & Trust Company
Memphis, Tenn., on July 26 authorized an addition of
which will Increase
the amount to $200,030. The new stock, which has all been
subscribed, will be sold at $123 per share, and will be issued
as soon as the legal requirements can be complied with.
The deposits of this company have enlarged materially
of
$100,000 to the capital of the institution,
On July 1
Oa the first
during the past year.
067 were recorded.
am )unted
1903 deposits of but $169,of Jaly this year the de-
The management of the com*
Keyes, President; E, C. Gilllland,
Vice-President, and Felix T. Pope, Cashier.
posits
pany
rests in
Mr.
to $511,477.
J.
W.
—The spirit of progress and an indisputable evidence of
prosperity in the leading cities of the South are clearly indicated by the general movement on the part of banks to
house themselves in enlarged and better equipped quarters.
The past year has shown remarkable developments of this
nature In Mobile, Ala., and the movement is not yet at an
end. The newest bank of this city, the Bank of Mobile, Naand Mr. Joseph Rawson and Mr. T. J. Davis will liketional Banking Association, organized in DecemlMr 1903, has
wise remain with the bank in their respective offices of Vicerecently taken possession of its handsomely appointed rooms
President and Cashier. Mr. C. B. Wright, President of the
on the corner of Royal and St. Michael streets. The comOhio Valley, will become a Vice-President of the First Napleteness of equipment and beauty of finish here shown
oflace
tional, it is stated,
—Receivers William Buohtel and George W. Sieber of the
of Akron, Ohio, have been directed to
pay to the creditors a dividend of 10 per cent. They have
Akron Savings Bank
also been authorized to sell for $1,000 the bank's property at
Cuyahoga Falls,
suit for the removal of the receivers was
A
on June 29, but the petition was overruled by
Judges Hay den and Webster of the Common Pleas Court on
the 23th ult. The case will be appealed by the plaintiffs (the
instituted
who among other things claim that the receivers
are disqualified because of the f aot that both are members of
the board of directors of the bank, as well as debtors to it,
Mr. Buchtel was the President of the bank at the time of the
suspension, which occurred April 5.
creditors)
,
—Mr. Albert A. Stasel
Newark Savings Bank
has been appointed receiver of the
Newark, Ohio, to succeed W. G.
of
are
not surpassed by any banking quarters in the South. No
expense has been spared and no convenience see tns lacking.
The fioors are of rich mosaic tiling, the wainscoting of rare
African marble, the counters of mahogany and marble, the
ventilating and electric-lighting perfect and the costly steel
vault and safety deposit boxes of the strongest and most approved construction. The officers of the Bank of Mobile are:
Michael J. McDdrmott, President; Sidney Lowenetein, VicePresident, and Thomas J. O'Connor, Cashier.
Another Mobile banking institution which has during the
present year moved into new and enlarged quarters is the
Leinkanf Banking Co. This is the successor of the old and
well-known private banking firm of Wm. L^inkauf & Son. It
8 incorporated under the State law with a paid-up capital of
$150,000, and now has a surplus of $70,000, with over $700,000
deposits. H. W. Leinkanf is Presiddnt, C. H. Brown Vice-
:
Aua.
1
THE CHRONICLE.
1904.]
6,
605
The new banking at which amount
rapidly growing business of the institution.
The Merchants' Bank of Mobile will within the
it compares with $3,895,923 December 31
footnote should have been added to our figures,
stating both book values and market, thus making apparent
the reason for the difference. In the following we have
revised the figures so as to show the comparison on the basis
thirty days
of market values for all dates,
President and Alfred Proskauer Cashier.
room
thoroughly modern and metropoleqnipment, with every facility for conducting the
of this
itan in its
company
is
next
occupy the ground fl jor of the building on the
corner of St. Francis and Water streets, which is being attractively and conveniently fitted up for its use.
Progress on the new building of the City Bank & Trust
Company aeems somewhat slow, but when completed its
qiarters will be the most extensive in the city, running
through the block from North Royal to S', Joseph Street.
Even the old and conservative First National Bank of Mobile realizes that its large business could be more pleasantly
and conveniently transacted with better and increased faciliTo this end. President Hall says it is their plan to pnll
ties.
down the present bank building and erect in its place a substantial modern seven or eight-story block, the entire lower
story of which will be reserved for the bank. The First
National has capital, surplus and profits of |830,000, with
deposits of over $2,000,000.
—At the next general election, the people of the State of
Texas will be called npon to vote on a proposed amendment
to Section 16 of Article 16 of the Constitution of that State,
relating to the incorporation of State banks.
ment was passed by the
legislative
body
The amendAs the
of 1903,
Section now stands, the incorporation of institutions of this
character is not permitted, the Section reading as follows:
«No corporate body shall hereafter be created, renewed or extended with banking or discounting privileges." As amended
the Section will read as below
Section 16.—The Legislature ehall by general laws aatharlze the
InoorporatlOB of oorporate bodies with banking and dlscoantlng privileges, and shall provide for a system of State supervision, regulation
and control of such bodies which will adequately protect and seoare
the depositors and creditors thereof.
Each shareholder of such corporate body Incorporated in this State,
Bo lo^g as he owns shares therein, and for twelve months after the
date of any.&ona fide transfer thereof, shall be personally liable for ali
debts of such oorporate body existing at the date of such transfer, to
an amount additional to the par value of such shares so owned or
transferred.
No such corporate body
shall be chartered until all of the authorized
and paid for in full In cash. Such
capital atook has beem subscribed
body corporate
be authorized to engage In business at more
than one place, which shall be designated In its charter.
No foreign corporation other than the national banks of the United
States shall be permitted to exercise banking or discounting prlvl.
shall not
leges In this State.
—The title of the Cedar Rapids Loan & Trust Company of
Cedar Rapids, Iowa, has been changed to the Fidelity Trust
& Savings Bank, No change in capital accompanies the
change in name, the amount remaining at |50,000. Mr. W.
W. Hamilton has become President In place of Mr. Ed. H,
Smith and Mr. Ernest R. Moore succeeds Mr. Lew N.
Anderson as Vice-President. Mr. William Q. Davis is also a
Vice-President. The office of Cashier has been created and
Mr. Louis Wokoun elected to the position. The company
engages in a savings, commercial and trust business.
A
1903,
New York
Life Insurance
& Trust (New
York).
Resources.
June 30, '04.
Dee. 31, '03.
$3,702,927
Stock Invest'ts. (market value) 10,226,023
Amount loaned on collaterals. 4,371,610
Am't loaned on pers'l securit's 12,714,524
1,751,500
Real estate
3,10»,000
Caehonhand
1,708,087
Cash on deposit
565,161
Other assets
«4,143,401
8,807,672
6,073,282
10,115,606
1,602,317
3,000,000
1,201,052
1,962,000
Bonds and mort;?age8
$38,139,832
Total
June
30, 'OS.
$3,707,318
9,194,340
5,642,262
11,026,631
921,992
2,090,000
446,252
1,971,390
$36,905,330 $34,910,183
Liabilities.
Capital stock
$1,000,000
Surplus fund and undivided
3,945,555
profits (market value)
29,97f>,164
Deposits in trust
Due savings banks
69,680
Due banks and bilnkers
Other liabilities
3,145.433
$1,000,000
$1,000,000
3,927,744
28,849,209
63,198
3,944,304
26,603,026
63,000
10,000
3,289,863
3,065,179
$38,139,032 $36,905,330 $34,910,183
Supplementary.
*$955,364
Total am't profits during year. *$903,934
$1,826,690
*484,176
*471,535
Int. credited dep's same per' d.
1,008,368
*65.458
*76,311
Exp. of institution, sama per'd
153,431
*200,000
*200,000
400,000
Am't»f divs. decl'd.sameper'd
Amt.of dep.on which int.l8all'd 30,048,843
28,912,408
26,676,026
1 to 5 p. c.
1 to 5 p. o.
1 to 5 p. o.
Rate of interest
T»tal
'
For the
six
months
June
to
30.
CoNaREss OF AccDUNTANTs.—The Committee on Arrangements of the Congress o? Profegsion*! Accountants to bo
held at SI;. Louis on September 26th, 27fch and 28th 1904, in
connection with the World's Fair, under the auspices of the
Federation of Societies of Public Accountants, announces
that Francis W. Pixley, F. C. A., Ex-President of the Institute of Chartered Accountants of England and Wales; A, A.
Gillies, F. C. A., Ex-President of the Manchester Society of
Chartered Accountants; James Martin, F. S. A. A., Secre-
tary of the Society of Accountants and Auditors, Incorporated; John Hyde, President of the Dominion Association
of Chartered Accountants; and John W. Ross, President of
the Association of Accountants in Montreal, will represent
their respective organizations.
The committee also extends a cordial invitation to all public accountants practicing in the United States to attend the
Congress. They will become members of the Congress upon
presenting their professional cards and registering their
names and local addresses at the headquarters of the Congress,
which will be established at the Hotel Hamilton,
St.
Louis, on Saturday, September 24 1904.
Arrangements have been made for the use of the lecture
Palace of Education on the World's Fair grounds
hall in the
for the three days of the Congress. As the building is in the
very centre of the Fair grounds there will be ample facilities
contract has
for viewing the Exposition between sessions.
been entered into with the Hamilton Hotel Company for the
The Union Discount Co. of London, in its semi-annual reservation of fifty of the best rooms in the house for the
statement, shows assets on June 30 1904 of $S7,807,186, The term of the Congress. An ample guaranty fund subscribed
one hundred public accountants from all parts of the
gross profits for the half-year were $847,184.
dividend tor to by
purpose of
the period at the rate of eleven per cent per annum was country has been raised, we are informed, for the
Congress. There are
declared, calling for $206,250. The reserve fund was increased defraying the expenses incidental to the
in all twenty-one independent societies of public accountants
$50,000 and now stands at $2,050,003. The paid-up capital
A
—
A
is
$3,750,000.
in the
TR U8T COMPANY RETURNS— GORRECnON.
An
unfortunate error occurred in printing the comparative
figures of the New York Life Insurance & Trust Company
in our extended compilations of the semi-annual returns of
the trust companies of New York City and Brooklyn given
in the Chkonicle last week. The State Banking Department
at Albany recently made a change in the form of these semiannnal returns, requiring the companies to state both the
market value and the book value of their investments, but
using only the book values in arriving at the totals and also
in computing surplus and undivided profits, while previously
market values had been used in both instances. In the case
of the New York Life Insurance & Trust Company market
values exceed book values by $1,271,270, and the effect of
the change was to make surplus and undivided profits June
80 1904 appear as only $2,674,285, instead of $3,045,556,
Uni Led States to-day.
Canadian Bank Clearings.— The Clearings of the Cana*
dian Banks for the
month
of July, 1904,
show a decrease
from the same month of 1908 of 1*4 per cent. For the
seven months of 1904 there is a loss from the like period of
1903 of 6-5 per cent.
Seven Month*.
JuJu.
OUarinni at—
1904.
Montreal
Toronto
V
InnlpeK
Halifax-
Ottawa
Qaebeo.
Vanconvor
Hamilton
Bt.John
London
VIotoria
Total Canada
In. or
1903.
Dec
88.>91.?85
0\3 18.057
7j,844,17i!
24,>i2«,t0y
70.0<>4
H,27»,a3
H,70r),HiH
7,Sl»a,B01
«.873.11.S
S.IU.RHQ
4.:f40,7r)l
4,054,214
a,g&0,272
231,409.0flfl
5»0
%
-«8
BBl,77»1.002
*1
4r>'>,Wl8.ai4
7,K>*,a8«
9.427,000
-t-6-4
4».hl7..'l84
f>S.7H 1,3 7.
-5>
4.!.M:t^001
44 8T4,
.Sr)
7,771. 60
«,492.'»10
4,451.819
4,525,920
3.93 -(,764
+=•:*
4ii,.H7»,r'a4
+ 14-9
-11
«8.7it.<,IHl
-t-SM
J»6,a76.7t>S
8
18.-7 .-60
2,570,8.3» -1-14
l84,flS4.».16
2..H'M.462
-l4-5
—
7-6
ja^.nio, nu-(-ir4
+21-7
(iSfl
Dec
659.H;i6, "42
4«7.99n, fi2W
J»v»,400,B74
14»,('81»
In. or
1903.
1904.
.'>a.»9i, ,82'
.')9..197.
H58
-4-B
— fO
MX —2-8
tM. (Ii0i4-1«*6
29,<«7U, »i2-|-U'6
2rt,4«8,
+|1
84,99)4
10.117, 8n5 -1-10
9
-1-4 1.4B»,597.0«« l.(WI,194,14al -«•»
.
.
.
.
THE CHRONICLE.
G0()
The clearings for the week ending Jnly 80 make a favorable
oomparisoD with the same week of 1903, the increase in the
aggregate having been 11*8 per cent.
Wuk
OlearintM at—
ending July
1001.
1002.
Dec.
%
MontrcAl
Toronto
WInnlpeK
211,886,681
15.3^4,6.-lv
+5-8
+1H-H
8.034.14'-
4-49-0
1.482.196
1.008.421
1.675,97^
1,460.086
85U,' OO
046,177
860.000
643,481
+1KM
6.585.811
1.666,085
1,810.081
1,000, 20
1,85 1 001
Halifax
Ottawa.
Qnebeo
Vancouver
10.1?5.37>
13,060.918
>
,
931,656
K78.905
Hamilton........
John
London
St.
84.S.e7I
481 810
Victoria
Total Canada
46.416,719
60.787.210
16. 1 09.(56
20,688,7-4
13.h03,381
8.58MJ8-0
1.486.U83
+14-4
-4-2
11.64 <.OhO
8,057,t06
1.760,000
1.657.6fl8
1.277.277
1.804'.09&
SanFran'oo.
— tt-7
1.0t!0,-<:rj«
811.669
7f6,-7-l
701,4 17
Ulnolnnati...
6altluiore...
4-36
743,0.h7
797 .6V2
-86-1
660,010
504.08y
671.765
Cleveland...
84,611.761
MtnneapollB.
Bonds, &e.—
Loalsvllle...
Detroit
tfU-vraakee..
+9 6
— 0-r
-fll-8
46.188,160
—Sales of Stocks,
Clearings by Telegrapb.
The subjoined table, covering clearings for the current week,
osnally appears on the first page of the Chronicle, but on acoonnt 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 1903, there is a decrease in the
aggregate of 11 -IS per cent. So far as the individual cities are
concerned. New York exhibits a loss of 16-3 per cent, Boston
68 per cent, Philadelphia 15*0 per cent, Baltimore 15-9 per
cent and St. Lonis 1-9 per cent. Chicago records a gain of
21 "5 per cent aud New Orleans
2 per cent.
OUarinoa—Retumt by leleoravh.
Week Endint Augvst 6.
New York
Boston
(
Chicago
St. Lools
New Orleans
$860,644,657
97,8S4.7^ 9
79,019,963
15,669,816
158,882,414
40.795,eM8
8,602,007
$1,028,348,612
103.896.637
-lB-3
fc2,940.337
-15-0
-15-9
$1,261,349,241
334,018,927
$l,4a4,703.(-97
$l,51S.368.16j
304.0&7,981
$1.6>-8.*il2.837
-102
3«0,638,492
—15-7
g
Seven cities, 6 daji
Other cities. 6 days
Total
all
All cities,
Total
1
cltie8.5dayr....
day
all cities
for we^^.
P.Oen
1003.
1004.
Philadelphia
Baltimore
The coarse of bank clearings at leading cities of the country
'or the month of July and since January in each of the
last four years la shown in the subjoined statement.
BANK OLIAKIHOB AT LBADINO OITIK^,
July.
Jan. 1 to July Zl
•(OOCOOOt
1908. 1902. 1801.
190i. 1903. 1902. 1901. 190i
omilled.)
i
•e-wYork... 6.194 8,978 6,594 6.082 34,32* 41,675 48.C05 50.817
Jhloat^o
704
791
706
671 5.060 5.124 4,003 4,397
SOBtOD
648
606 3.771 4.012 4,109 4,340
595
624
PiUladelphla
503
682
436 3,190 3,529 8,419 3,'224
522
St.LonlB....
202
209
210
197 1.575 1,433 1,513 1,28S
PlttBbnrKh..
177
221
179 1,160 1,477 1,263 1,264
203
8$S
30.
Inc. or
1008.
1004.
+215
—1-9
+0-2
^r4
-3 -8
263,908.910
$1,819,456,129
^^V2
$2,049,251,329
Our usual monthly detailed statement of transactions on
Ihe various New Yore Exchanges is appended. The results
for the seven months of 1904 and 1903 are given below.
133
114
94
70
69
52
56
47
45
9,321
9,777
413
447
394
9.028 58,695 63.915 64,840 71.004
324 3,082 3,116 2,753 2,820
9,768 10,171
3.790 3.577
9,362 58,777 67,03167,598 78,124
8.270 24,458 26.356 24,088 28,507
aartford...
Lake City
oltlee..
all
21
8,660
3.486
.
649
585
729
510
40«
337
289
274
208
184
208
189
178
141
112
ISO
181
88
72
82
102
8,247
Seattle
Total
760
628
865
698
692
580
485
451
378
320
301
220
209
232
187
175
189
133
122
113
115
86
85
13
19
13
12
28
17
Denver
Blohmond..
MemphlB....
OutalaeN.T.
851
700
619
686
396
575
398
322
292
226
201
226
183
170
180
124
\»6
145
118
84
84
,
18
13
13
Paul
IndianapollB
Other
$8
18
Buflalo
Total
102
82
101
85
67
37
44
37
51
28
32
28
26
21
19
18
20
10
12
16
23
88
20
30
27
29
26
26
Provldenoe..
Omaha
8.
.
20
VewOrleanB
St.
127
102
106
89
73
72
56
44
45
33
29
33
29
27
32
.
113
98
107
78
73
50
56
43
45
31
29
29
25
28
23
19
19
lO
18
14
15
RansaBCIty.
—6-M
18.631.038
130.719.008
41.684.995
8,588,376
[Vol. Lxxix.
STATEMENT JULY
DJEBT
701
540
431
384
363
296
310
200
207
209
168
159
151
132
126
92
98
85
98
190 Jf.
SI,
The following statements
of the public debt and Treasury
oash holdings of the United States are made up from official
figures issued Jnly 31, 1904. For atatement of June 30, 1904,
see
see
Chbonicle July 23, 1904, page 246; that of July
Aug. 8, 1903, page 278.
INTBRBST-BBARING DEBT JULY 31, 1904.
Zitte of
interest
payable,
Loan—
Q.— J
Consols of 1980
Loan of 1908-1918.. Q.—F.
Funded loan 1907..y.— J
4i Refnnd'Roertlflo's.Q.— J.
4s, Loan of 1926. ..... .Q.—F.
28.
3s,
4i,
.
.
Amount
'
Amount Outstanding,'
Coupon.
Beoistered.
issued.
f
t
198.70Z.660
740,928,450
40,012,750
162,316,400
Atrs'te Int.-BearinBDebt.r6B4.9f 9,210
$
634.063 800
41.708.180
115,244,200
642.909,950
81, 1908,
8 846.150
35.427.200
41,349,800
92,182,860
26,807,150
783,199 010
111.989.600
£06,157.510
NOTis— Denominations of Bonds are
Of $10 only refunding certiuoates: of $20 loan of 1908 coupon and registered
Of i50 all Issues except 3s of 1908: of $100 all Issnes;
Of J500 all except 58 of 1904 coup.; of $1,000 all Issues;
Of $5,000 all reslate'd 2s, 38 and 43; of tlO,000 all registered bonds;
Of $20,000 reclst. 48 loan of 1907; of $60,000 registered 8s of 1980.
:
Seven Months, 1904.
D$$crivUcn.
Stock
||^',i;
Par Value
.Actual
or Qitantiti/
Value.
6.3,421,676
$3496860.444
Seven Months. 1G03
Aver'Qt Par Value
Price. or Quantitv
97,079,690
50-4
victual
Aver'gi
Value.
Price.
7.162,158,295 78-9
t5S8H,155,525
ta69,S36,700 $301303.187 81-9
Wov't bonds
$5 5,226 110-0
$2.9X9,700
$2,627.76i; 8-i'o
State bonds
229-3
$9899^7
Bank stocks
$110,000
$9082606600
Total... $625«,510,6f5 $3802136 63"
Grain, bnsh.
357,746,800 324,385 590
$04885<;8=00 7,620,052,^8 79-3
ii62,6U,6l8 ^i 9-16C
838.791,061)
aB.
$8ll9.3^2400 $355,468,079 89-0
bonds.'.'
Total valne.
$-26 850
60-8
OOJjc.
t;<68,«(i0
$95»1,291 115-7
$116,293 32-4
$404 850
$1,353,940 334-5
$4126522,126
The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1904
and 1903
is indicated in the following:
BALBS OF 8TO0K8 AT MBW TOBK STOCK BZOHAMOB.
Month.
Par.
Jan
13.969,624 1,169.581,075
Feb
8,767.261793,179,050
ii.440.oee 1,053,978,030
$
666.048.026 16,001.32^ 1.616,264,950 1,204,668,814
60«,002,41(' 10,928,017 l,046,e47,226
836,098,769
e6*,003,46] ie.095.S0r 1,424,484,400 1,132,487,694
April..
8.305 629
May...
Jnn*..
6 200.110
778.657,250
500,788,000
489,360,481 18.803.05> 1.150.685.100
8S7,f64.81f 18.467,68t 1.166,807,000
4,072.804
465.865.700
2£ 0,000 OOS 15.306.741 l,400,689,18^ 1,160,688,608
18,4e8.44<i 1.788.73 J.9E0
e77.«55.8»V 40,167,887 3,717,688,126 2,971,062,439
Jnly.... 12.462,804 1.187.670,700
698.6S6.38t 14,908,768 1.870.437.900 1,018,941,179
CTlsaringi. Total Ail.
Oltarinos Outside
Month.
1004.
1008.
P.Ct.
$
Janoary.
febrnary
March...
$
12,?62.474 004 11.088.083,021
May
Jane.
1004.
$
8,744.047,885
-14
by months
New
Tork.
1903.
8.903.861.55)-
8,4''8.707,4H4
-8
8.284.084 786
3.227,496.453
9,588.278.076
-12 6
3.679,103,317
8,678,067,741 I-0-C3
20,180,e87,E6l
^2 4 10,608,186.988 10.708.426,762
8.830.188.024
8.816.047.2S2
9,681,8e8,83V -13-3 3,518.645 83 >
0,118.634.883 -00 3,873.116.686
8.068.428 80
e.482.181,90S -14-6 3.497.984.636
6 months, 60,117.028,610 57.268.868,622 -12
8.660.311,721
0.767.846.663
6
$887,624 38188
'
-1-0
8.687.507 .85^
-8-3
8.643.606,187
8,676,696.617
—6-1
20,9b7,788,9»7 ai.E66.234.384
-4 8
—43
-2 7
-6-8 8,466.951,463 8.790.071.037 -8-8
81,
Junt
1904.
$
1,8E1,130 36
887.834.321 88
1,970 9-20
88^.180,655 88
1.2e4.8f2,P«i8 14
Total gross debt
Oash balance in Treasury*. 3i«.08l 679 03
1,286,250.016 14
810,037.248 sw
Totalnetdebt
Inc. or Dec
30, 1004.
$
806,167.44i 00
180,781,418 61
86
967,881773 76
$100 00
80,700 00
Deo.
Deo. 1,306.884 00
Inc..
Deo. 1,896,024 00
14,946.668 76
Deo
Ine..l3,640.6S8 76
InoindinK$150.000.000 reserve fund.
The foregoing figures show a gross debt on July 31, 19«4,
of |l,234,862,99i 14 and a net debt (gross debt less net casn
in the Treasury) ol $980,'281.413 51
—
Tbbasuby Cash and Demand Liabilities. The cash
holdings of the Government as the items stood July 31 we
have prepared from the Treasury statement of that date.
A88KTB.
2rust
LIABILITIIS.
Fund Holdings—
Qold coin
Trust
$681,430,969 00
46».»4 6,000 00
7.736.066 00
4,916,9i4 00
Gold oertlflcates
20.56fl,84U00
Silver certldcates-
)0,l'.;8oy0 0O
20 Ol7,7o< 00
•ii.238,lt'0 00
16,001.782 00
102.'<!S4 00
Silver dollars
Silver bull Ion
United Statesnotes
Treasurynotesof 1800..
National banknotes....
C-ractlonal currency
,
.
Minor coin
Bonds and Interest paid
Silver oertlflcates
Treasury notes of 1890..
een. ,Pund Liabilities—
National bank 6 percent
fund
.
total
$i,<n)e.839,u76 i8
$15,830,335 18
Outritanding checks and
drafts
DlsbursinR officers' bal-
ances
Post Office Department
account
Miscellaneous item*.
. .
Total gen.
i
liabllltlei..
13,830,10847
54,847,67362
4,936,64028
1,683.670 16
$91.018,689 56
Cash Balance A Reserve—
Total casb and reserve. .$804,081,670 63
Made up of—
Available
.
Orand
$581. 4 30.969 00
46i*,«45,000 00
j2 8:^3,000 00
Tot. trust llabilitles.. ti.W3.. 88.069 00
17.6o5.Oi5 21
ll,088.:^9a 13
128 36
782.849 77
6 3.099 85
Tot. in 8ub-TreaBnrie s.$186.14'>.408 78
In Nat. Bank DepositariesCredit Treasurer of U.S.$i 04,937,470 SO
7.706.88; 18
Credit U. 3. disb.offloers
$U>!,64^,7H6 4-i
Total In banks..
In Treas of Philippine Islds.—
Credit Treasurer of U 8. $4,':oo,6fl8 73
3,517.>i6 j 37
Credit U. 8. disb. officer s.
Total in Philippines.
$7.316.087 on
Reserve Fund Holdings—
Qold coin and bullion. .$160,C 00.000 00
Fund Liabilities—
Sold oertlOaates
Silver dollars
Silver dollars of 1890
Sliver bullion of 1890.
Total trust funds
1 1 ,008,128,969 >»'
Oeneral Fund Holdings—
Qold coin andbulUon.,. $26,878.79144
l<>aotlonalBllverooln...
-4-0
+1-8
7.71.'^.^8t^78l
Sdqaar.. 84,688.658.611 88.182,686.061 -126 10,379.599,949 10,866,808.618
Jnly
P.Ol
$
8.883.106.307
lit qnar.. 85.638.470
April
900,041,217
901,487,624
82, 175,08s 7,708,178,700 8,143,817,116
The following compilation covers the clearings
since January 1
MONTHLT CLBABIHOS.
$1,881,130 26
806,157540 00
DebtbearlUK no interest..
Actual.
latqr, 39 490.8.Se 8,006,740,875 l!880.080.8C6 42,018.645 3.985.606,676 3,173,154,677
8dqr.
July
Debt—
iBterest-bearlngdebt
Debt, interest ceased
$
6 mos. eo.e6e.283 4.746.476.826 2.7^8.816.101
$1,970,920 26
Onited Stales notes
$846,681,016 00
Old demand notes
53,847 60
National bank notes— Redemption account
34,220,208 tO
Fraationalanrrenoy, less $8,875,084 estlm'd as lost or destroyed
6,e60,249 68
Olaisi,/leationo/
Par.
"$
$
March
of Shares-
81,
$83,200 00
56,000 00
6^8,6r0 00
1,068,380 26
BBCAPITULATION
Values,
Number
Actual.
Debt on which interest has ceased
July
30,
AgRreaateof deb tbearlncno interest
1908.
Values.
Nutnher
of Shares.
June
$S8.900 00
86.460 00
777,85'JOO
1,C53,420 26
DBBT BBARINQ NO INTBBBST.
7,772,664,616
1004.
DHBT ON WHICH INTBRHaT HAS CBAaBD SINCE MATURITY,
Funded Loan of 1891. oontinnedat 2 percent, called
May 18,1900; interest ceased Angnst 18, 1000 ,.
funded Lian of 1891. matured September 8 1891..
Loan of 1904. matured February 8. 1904
Olddebtmaturedpriorio Jan. 1.1861
I
$154,081,679 63
and
Reserve Fund
Gold & bull.$160,000,0O0 00
Orand total....
.$l.S9l,8liV.l79 18
.
Aug.
6.
THE CHRONICLE.
1904.]
607
themselves at present to strengthen it. In all reasonable
probability, then, from a million and a-half to two millions
sterling will be added to the reserve during the next few
IFrom oar own eorrespondentj
weeks. If so, the market will recover courage, provided of
London, Saturday, Jaly 23, 1904.
course nothing politically untoward happens.
Oriental steamer MalBut It does not seem probable at present that even a conThe seizure of the Peninsular
acca in the Red Sea by a vessel of the Russian volunteer siderable addition to tbe reserve would stimulate business,
iiaet came at a time when it was calculated to make an for at the moment at all events the question of neutral
exceedingly bad impression upon the stock markets. In the rights is making everybody guarded. The French banks
second half of June there was an almost universal opinion in during the week have neither added to nor taken from the
London that money in July would be exceedingly abundant balances they are employing in London. For the time being
and cheap, and that in consequence there would be they seem to think it most prudent to wait upon events.
Therefore, a pretty large But the best opinion in Paris is that if politics become
a decided rise in pri3es.
speculation sprang up, which unfortunately was rather smooth again, and if rates in London continue very much
When July advanced and it was found that higher than in Paris, the French banks will add materially
weak.
money was both scarce and dear, the banks began call- to the balances they are employing here.
The India Council offered for tender on Wednesday 40 lacs
ing in loans and the "bulls" began to liquidate. While they
were engaged in the liquidation the seizure of the Malacca of its drafts, and the applications exceeded 853 lacs at prices
occurred, and as the newspapers wrote in a rather bellicose ranging from Is. 3 31-32d. to Is. 4 l'83d. per rupee. Applistrain, the market was somewhat alarmed and prices all de- cants for bills at ts. 4d. and for telegraphic transfers at
clined. Consols, for example, which were 89 9-18 on Friday Is. 4 l-32d. per rupee were allotted about 26 per cent of the
amouQts applied for.
of last week, fell in the beginning of this week to 88 5-16,
The following return shows the position of the Bank of
and there was a corresponding decline in all other depart- Cngland,the Bank rate of discount, the prioe of consols, Ac.
Qompared with the last three years:
ments.
lt*04.
1B08.
1902.
INl.
The feeling now is that the decline was overdone. The
JvlV 20,
July 2t.
July 33.
S
«
directors of the P, & O. Company say that so far as their
jpt0tt«tat^lCammct:x;iatgtt0llsiltS^jeMJ0
&
IxaslatlOD
28,601,865
20.468.000
that the Russians acted.
However that may be, it is now
definitely known that the question will be settled amicably.
There remains, however, some anxiety respecting the
statas of the Russian volunteer fleet, a matter which clearly
may give rise to some trouble. Moreover, it is now believed
that the claim of the Russians to send armed ships through
the Bosphorus and Dardenelles will have to be serionaly
considered.
It is understood that our own Qovernment
would agree freely to the Russian demand on condition that
it had the right to send armed ships through into the Black
Sea. To this, however, Russia has hitherto been strongly
opposed. How the matter will end, it is too soon to form an
opinion yet. But the belief is very general that it will be
«nded amicably somehow.
As the week draws to a close, the hope is growing stronger
that we are near a recovery. But there is little expectation
Bank
24
July
•'
"
~2«~
S-16®2M 2 8-ie®8M
2
1
ij^aa
1M®2
8
16
2H®2M
as
3M
2^
2M
iii»!iH
2J<@3
8®3Vi
2M03
TheBank rate of discount
chief CJatinentalolties
July
July 88.
July
16.
Bank
Open
Rate. Marke
m
Bank
Open
Bank
~3
16-16
increase in activity or very much
rise in quotations, because, as has just been pointed out, there
are so many ticklish questions to be discussed and settled.
Moreover, there is rather a depressed feeling in France.
HambarR
i
4
Frankfort
4
8W
4
2«
2«
2«
4.miterdaiii
8
2 6-16
Braiiali
8
2«
8
8
294
3
8
3
3H
2J«i
3H
There
St.
But the more thoughtful Frenchmen
see with apprehension that Russia will have to go on borrowing immense sums. It is not likely that anybody but the
French will lend largely, and the more far-seeing Frenchmen are by no means pleased at the prospect of adding immensely to the huge amount that France has already invested In Russia. Then also the activity of the Rassians in
searching and seizing neutral vessels Is causing grave anxiety
in Paris. The French profess to be satisfied that no trodble
will arise, that all the governments desire peaoe, and that
therefore everything will be settled anaicably.
But they
never can forget that they are the allies of Russia, and that
If anything were to happen dragging into the conflict a third
Power, they will be called upon by Russia to act up to the
Dual Alliance. Therefore, France just now l3 not disposed
to incur much risk. There is still some Investment going on
in international securities, but
few weeks
on nothing
like the scale
o
a
ago.
Money continues scarce and dear. The outside market is
poorly provided with funds, and even the reserve of the
Bank
July
0.
>.
Vienna
Patariborg..
Madrid
Oopantaasen.
..
4»
4M
nom
8»
Open
Bank
Open
Bate. Markei Rate. Market Rate. Market
4
in that country.
IM
Bateeot
Intereetat
8
still
llf
have been as follows:
4
an immense accumulation of unemployed money
8
and open marketrates at tbe
3
is
IM
IM
IM
a&8H 8M08^
Barlln
much
2»
2M
2M®2M
8M029i
Pi^ftg
that there will be
166.014.000
IradeBUU. Joint DWtH'e.
Stock At 7-14
Monthe. 8 Mom. A Moe Banke Call Dmvi
Bille.
iMonthe. iMonthe.
Jane
60«
8
02 1»-16
26 15-16d.
Intereet allo«*M
for dtpoeite bt
Owen Market Batee
(/$nton
SO.179.866
10,326,218
80,647,868
16.204,800
24.568.006
26.271,404
87,676>'4e
ao.flie.ooa
7,042.»oi
7.238.183
knowledge goes there was no contraband of war on board Pnblie depeitti
11,651,661
4o,84«,i2i6
)tkar depoiita
41.844.r?0
80,445,663
ie,«08,76e
the Malacca, but some material ordered by the British Gov- tOTcmment leonrltiet
15,842,840
16,080.460
26,211.658
JtharMonritles
26,016.874
26,(^81.806
ernment for the fleet in the Paciflc and for Hong Eong. It MMfT* of notei and ooln
24.33i,S3i
26.4C4,10U
26.262.601
MlnAbainon.bothiSapaniii'ta 8i,4bu.eu6 86,566,601
88.279.100
is confidently asserted, however, on Russian account that
rrop.reierrf to llablJitles.p.o.
MM
61^
s
8
tank rate
perocnt.
S
the Russian authorities received private information from
03
88 11-16
onaoU.SM par aant
059^
iSJAA.
26 6-16d.
B iTar
24^0.
Antwerp that contraband of war was surreptitiously placed cliarlns-HoniarataTiii
2l6,2eo,ooo 174,146,000 164,740,u00
on board the Malac:;a and that it was upon this information
Ihe rates for money have been as follows:
4
4
4
nom.
*H
4
S}i
4
4M
4^
~9r
2H
2M
2K
2«
z%
»H
noa.
8«
3
4
4
10-16
SH
8H
4
8»
3
8«
5«
4«
8K
nom.
4
4
Messrs. Pixley & Abell write as follows under date of
July 21, 1904:
Gold—The Bank has eeoured the balk of this week's arrivals,
amonntlnii; to £448,000, and has lose £.5d.000 to Java and £10.000 to
For the week— Arrivals: AnstraU». £20^,000; India,
£73,000; Africa. £17.'>.000; total, £453,000. Shlpmt^nts: Bombay,
£44.900; Oalcntta, £10,000; total, £54,900. For tbe month of Jane—
Arrlvalo: Beliriam, £40,800; Oermany. £201.500; France, £65.000;
West Africa, £43,100: Mexlo, ere, £118,300; South Africa, £1,892.600; East Inites, £239,:^00; Aastralta. £427,900; New Zealand,
£49,600. ghtpmnnts: Austria. £491,200; Qermany, £30,700; France,
£54.S.SO0; E»«t Indies. £-{07,500
8Uvt<r— After touchtnfi; 269iod. at the end of last week, the price improved to 2€7g.]. oa purchases for India, and a oonAlderable amount
has been takeu for that ooantry. At the close, however, tbe inquiry
for India has oeaned, and the market closes rather dull at 26%d. for
cash and 26581. forward. The Indian price Is Bs. «8»a per 100 tolahs.
For the week— Arrivals: New York, £120,000. Shipmento: Bombay,
£14,000. For the month of June— Arrivals: Russia, £339,0i>0; Oermany, £121.400; Francp, £3J,8O0; U. 8. A. £1.059,^00; Australia,
£31,600. Shipments: Russia £249,700; France, £49,400; Ohlna.
£165.000; K»8t Indies, £618,000.
Mexloan Dollars— There have been few transactions in these, which
are quoted at 26iio(l- por ounce, nominal.
Ill* (luotations for bullion are reported asfoilowf
OnayaqaU.
Gold.
July
.jondon Mtandard
21.
July
SILVBB.
14.
London Blandara
July
21
July
14.
Englatd is not quite what It ought to be. There
rf
d.
a. «. (t.
i.
are hopes now, however, that the Bank will increase its stock
Bar^old.nne
os. 77 9k 77 9«« Barsllver,fln6...0B 36 \
260b
of gold very considerably. This week there is on the way
Do 2 mo. deliver! 2ei>B 26 >•
U. H. KOld coin. ..OS. 76 4«8 76 4k
Oerm'n gold ooln. OS '76 5»4 •76 B«4 Bar sllvar.oontalnV
£1,200,000 of the metal and it is expected that between half Frenoh KOld ooln.os •76 6 76 B
do 6 grs.gold.os. 27 k 271*
os •76 488 '76 4ii8 do 4 grs.gold.os. «vi,« 2ei(>i«
and two-thirds of this sum will go into the Bank. Moreover, Japanese yen
do 8 grs.gold.os. 26's 26%
the directors of the Bank of England are quite aware that
os. 28l»„|28ll,«
Oakesllver
doll»ra..OB. 261 IS* 26*
'Nominal.
Hezlcan
their reserve is not strong enough, and they are exerting
of
—
.
..
THE CHRONICLE.
608
Thefollowlngshows the Imports of oerealprodnoelntc
the United Kingdom during the forty-Bii weeks of the
season compared with previous seasons:
IHPOKTS.
1908-4.
Inp'ta of wheat, owt.81,344,23e
Barley
_. ....28,97&,126
Oatl^..
^.
13,376,894
Peai..,..
^ 2,lll.05u
Beau
^..«...^ 1,945.788
Indian eom
..41,829,667
rionr
~.~.~ 17,581,743
1902-8.
1901-2.
78.044,974
23,712,166
13,897,252
1.699,108
1,409,521
36,363,743
17,157,833
62.162,084
20,295,826
16,191,711
1,858,589
1,706.208
40,624.012
17,962,603
1900-01.
61,410,600
18,622,800
20,100,600
2,204,630
1,581,240
49,610,600
20,416,400
Supplies available for consumption (ezcluslv e of stock
on September 1):
1003-4.
1902-3.
Wheatlmported. 0^1.81,844,236 78,044,974
Imports of flour...... 17,681,748 17,167,333
lal6aoftaom«-gro'ws.l6,629,789 22,878,140
1901-2.
62,162.084
17,952,608
22,268,661
1900-1.
61,410.600
The following shows the quantities of wheat, flour ano
malie afloat to the United Kingdom:
_
Wheat
7Ai«w<e*. La$iu)€tlt.
3.oo6,ooo 3.220,000
near, aqnal tears...
170,000
1 66.000
qrs... 1,060,000
Malie.
.
980,000
qra...
1901-2
1908-8.
3,i85,ooo
285,000
1,130.000
2.206,000
225,000
91&,00C
EuKllaM Financial narket»-Per CaMe.
f he daily oloaing quotations forseouritiei, etc., at London
are reported by cable as follows for the week ending Aug. 5:
LONIKJK.
Tue$,
per oance
d.
26'8
ConeolB. ,new, 2 1'^ p. ot a
For Foconnt
9100,000
4 per Ota., funded 1907.
ip. Ct8.,1895,duel92f
3p.otB.,'98,duel908-lf
8,377,580
9,928,050
6,954,500
82,945,950
1,784,000
3,145,600
3,368,000
Fr'oh reHtef (in Paris) fr. 97"67i* 97 75
SpaBlsh 4e
& Santa Fe.
Atch. Top.
Preferred
"3%"'
3\
3\
3%
79««8
7988
981a
8t58
86>«
981s
861s
8018
981s
8608
86
96
96
Canadian Paolflo
Chesapeake <fe Ohio
Chlo. Great Western...
96
12838
12888
8414
1281s
34IS
I4I4
128 14
341s
&
I414
1419
151
221s
1501s
821s
1501*
221s
160%
73
73
73
2538
62ie
3713
25%
6378
251s
6418
38%
38
&
Baltimore
98 13
Ohio
Preferred
Chlo. Mil.
Den. <fe Rio
St.
Gr.,
34
Panl...
com
Preferred
72ifl
Erie. ooiDmon
let preferred
261s
62 14
2d preferred
37
lUinoie Cestral
LcuisTille
Nashville.
&
Mexican Central
Mo. Kan. & Tex., com..
Preferred
Nat RR, of Mei.,1 8t pf
N. Y. Cent. <fe Hndson..
N. Y. Ontario & West-.
Norfolk & Western
Preferred
fH
<
a
h]
w
(H
•<
a
M
I-)
a
136ifl
136
1361s
J3734
H7ifl
1171a
120
10
120
10
9H
I8I4
4II4
37%
122
31I4
62
P3
Northern Seonrlties
PennsFlvanla
I04l«
6138
Phlla. AReadiEg*
iBt preferred*
27
2d preferred*
Southern Paolflo
Southern Railw., 00m..
36%
4314
51ie
2438
90>a
981s
96)«
1278
Preferred
uJnion Paciflc
Preferred
U. 8. Steel Corp., com..
Preferred
63
17
Wabash
141s
221s
Preferred
36I4
Debenture "B",...
60
9\
ISk
181s
4019
371s
1211s
311s
6214
42
38
12a
93
104 19
93
103
Si's
62%
18%
1031s
611s
6lis
261s
611s
43
36
43
5II4
24B8
51%
25%
91
93
921s
&8I4
6118
26>s
921s
97O8
96
96
96
1288
62 3e
12%
121s
6214
26%
36
62^8
17
17
36
60
361s
60
26%
43
36
17
37
60
Price per share.
in the
Sub- Treasury against deposits in banks. There
were so held on July 31 $7,(81,000 bonds, making the
whole amount at that date in possession of the Government
a8 security for deposits |126,668,550.
The following shows the amount of national bank notes
and the amount of the legal-tender deposits Joly 1
and August 1, and their increase or decrease during the
month of July.
afloat
Ifationat Bank Jfotes— Total afloat—
Amount afloat July 1, 1904
Amount iBBuedduring July
Amount retired during July
JBond$ and
Legal Tendert on Depo$il
1903-04 for Bank Oirculahon.
Bonds.
July
9
Legaltenaers.
Legaltenitrs.
Toll.
bank notes Jnly
31.
390,231,600J39,199,896
Deo. 81. 389,335,680 37,889,395
Nov. 80. 384,625,930'38,088,49^
Oet 81. 382,726,880 38,969,862
Sept 30. 381,484,830 40,910,711
Aug. 81. 881,486,480 88,511,658
415,025,15e
412,759,449
407,279,( 34
397,802,781
396,600.234
390,352,49
387.657,731
387,273,623
383.018.484
380,650,821
379,515,824
380,076,322
35,181,732
36,475,6:0
38,709,581
39,277,792
89,309,708
39,971,819
39,199,896
37,889,395
38,088,495
38,959,862
40,910,711
38,611,663
450,206.888
449,236,095
446,988,565
437.080,673
434,909,942
430,324,310
42«,857,627
435,163.018
421,106,979
419,610.683
430,426,636
418,687,976
Dec.
full explanation of the above table see Chronicle
14, 1901, page 1282, first item in Financial Situation.
The following shows the amount
of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on July 81.
&.
971,793
9460,206.888
to redeem national
1904
936,476,646
$1,619,402
2,918,316
Jiily
Amount on deposit
bank
to redeem national
notes Aug. 1, 1904.....
The portion of
1,293.914
I
$35,181,782
|
by banks becomby oanks going into voluntary liquidation,
by banks reducing or retiring their circulation,
legal tenders deposited (1)
ing insolvent, (2)
and (3)
was as fol lows on the
Legal Tend's
April
of each of the last five months.
first
May
1.
Depositsby-
June
1.
July
1.
Aug.
1.
$
1.
$
CnBOlv'ntbks
428,710
373.690
814,795
254,7f5
238,953
Liqnid'g bks 11,762,975 11,966,687 11.866,131 ll,998,49(r 12,677,733
aed'o'gund."
act of 1874 27,118,028 26,947,415 26,529,605 24,227,396 22,365,056
Total.— 89,309,708 39,277,792 38,709,881 36,475,646 35,181,782
*Aot of June 20. 1874. and July 12. 1882.
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
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
receipts
the seven months of the calendar years 1904 and 1908. For
Btatement of July, 1903, see Chronicle Aug. 8, 1903, page 281.
BBCBIPT8 AND DI8BUB8BMBNTB
a
a
(OOOonal tted.)
I
NAT.
ClT
4
Receipts Reoelpti
s
a
0.
a
a
BK.RKDKMP.
Navy
War
11
Indians
I
3
War
o
Indians
ClTlland
RBOBIPTB
Oustoms
Pensions
e
e
e
RSCEIPTB
o
Cnstoms
nternal
P
0_
and
o
nternal
Pensions
DISBUBSBMENTS
B
DISBURSBMKNTS
1
S
o
S
•
re
»
3
o
1
m
•
1803 1904
00
Navy
o
»
•
1904—
1003-
revenne
a
»
venne
>
mlsoellaneoni.
1904.....
mlB(;ellaneouB..
1803—
a
:
•
1904—
FUND—
,,,
woo ca»
000 t-'Oi
aoi 00
jOjJM
'<x>'—
e'^i'w Ob
w boCOOOOtS*
w aia«j«oo
caeo
t0(O
cxao
*!»
ODw
w -'a woe
— a-aoi<io
CO
10
»9
<c»:
tocsao
«0
1,848
1,010 8,817 6,661 «,S08
'O'-'
«sto
0000
r-OD
tote
OOO
OD
Ua
"ioM ctV a*.
OOOOOD-JOICO
OOD
a*c»CT»coo
^
OH-OJOOO
CCtO
1-00 «000
a —
-jooooa
ot
Ol
t9<D
OM
000
•
^'<X
O 00 "w*^
00
OD
to 00 aTeV^
o
towuoaia
ex
aro*—
-I-JiACSOOO
o
o
a
14,468
8,978 9,089
1,986
1,004 7,6687,867 9,808
0,4088,878
610
12,760
1,1801,881
00 nop
K»a«c7«
p
8,S84 8.837
1^
p
a —»
<D
•see 00
a
escxoo
po
ppw
OS
ODM
»0<
OOO
CO
8,116
b OOO"
to
GO
cxa«]
*
—w
p
v.
• ob'^
CO
teaote
ts
-laoo
9,406
CO
aca>i
OOOI-
00
K>«a
BO V*.
«CI c c
oo(s woo
060 MOO
—
MOO
0<D OCO
•JOS
a
OD
p
«
*•
OO "e ODoi
IP
ieao.b«;.to
oo**e<o —
a 00
K jc oc a
•Jouanr a
OO^--"
OCO VCD
com
i^.ft.
7,830 6,418 7,498
o
ex
o>
O)
OB
00
o«
CD
OO
a
•J
978
OOH-_H-^<J*.
ao«]-4cxco
^4
Oi-JO
*.a »oo_.j
•JCOOWIC"-'
00
—a
OOCTOC
10,577 90,474
901
00
a'Occ
a - ap — a
aorjx'>->»'io
»OttlCtC»
io*.-*ixa«
ex
OO
00
pototo—
p
00
"eaa
ex
QCOOOO
16,468 91,100
r
*
ex
00
«D
s
18,066 80,794
7,088
a
1^
18,861 88,711
a
8,680
u
ex
00
17,496 81,076
8,969
•
o
a
<r
18,667 18,861
4,160
•
00
p
81,101 88,691
4,594
•
a
•0.-
p
21,960 83,147
3,506
p _-JCp
b«e**
aec
"-»
ot
to
a
00
00
a CKa
"-00 00
CB
a
to CO to
ex
8,980
fa
p
00
a
18,946
00
(0
For
l,
Amt. of bank noteB redeemed in
QOU
9
417,577,580 35,181.732
Ju»c 80.. 416,016,690 36,476,61:6
May 31.. 410,672,640 38,709,531!
.Ipr. 80.. 399,795,140 39,277,792
Mar. 31. 398,034,660 39,3C9,708
Feb. 29.. 392,«71,650'39,971.819
81..
1904
,
Amount deposited during July
Oireulation Afloat Under
Bonds.
afloat Aug. 1
96,618,488
4,546,691
Legal Tender Notes—
Amount on deposit
tc
Bank Notes—Changes in Total of, and in Deposited
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for July, 1803, uHll be
found in the Cheonicle of August 8, 1908, page 281.
9449,235,085
.
Ttlnhnriind
CPommjcrciaX mxtl ItXtBCJcHaixjcowsmjews
i
The foregoing does not include the bonds held
m
*
9417,958,690| $637,636,240
$4,427,0C0
1,822,100
1,799,940
409,909,650
New york
121%
63 14
93
9119,677,550
Philippine iBl'd Certlf e
Hawaiian Island bonds
PhlUplnne Loan
42
38
31%
total Held.
Circulation.
1,072,000!
1.902,OO(
•UteAClty
Amount bank notOB
8018
Acaoonda Mining
Beeurs—
ilOO,000
12,804,550
11,750,150
8,764,440
492,855,600
1,784.000
3,145,500
3,368,000
1,072,000
1,902,000
3 p. OtB., 1900 due 1980
8-66BDl8t. Ool., 1924..
Total
31, 1904, to
Bank
Public Deposit*
in Banks.
6 p. otB., 1894, due 1904
Wed.
2615,8 27
26i5ie 26i5ia
871318 87%
87118
87i6i, 8714
98iie
87%
97-67i« 97-60
97-65 97-80
85ie
8614
85)4
Bonds Held July
V. 8.
July 31, 1904.
20.416.400
22,363,582
116,466,768 112,678,447 102,883.338 104,190.582
Av«r.prloewlieat,week.26(. 6i;.
28t. Sd.
3CB.110. 278. 2o.
Average price. seaBon.&7B. id. S6a. Id. 278. lid. 27b. 2d.
[VOi. LIXIX-
Bonds on Deposit
Total......
Silver,
.
OCT*
p
OD
3
a
NoTB.— Total disbursements nnder "Civil and MleoellauBouB
1904 includes $54 600.000 paid on aoeonnt of
loan to LontBlana Purohase Exposition Oompany.
M
180,384 147,867
'
in
Panama Canal And
51
Aug.
6,
.
.
THE CHRONICLE.
1904.J
609
Tebasuky Currency HoLDiNas.—The following compilaBreadstaffs Figares Broaght from Page 639. —The
based on official Government statements, indicates the statements below are prepared by ns from figures collected
currency holdings of the Treasury on the 1st of May, June, by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending July 30
August, 1904. Statement
tion,
July and
for corresponding dates in
previous year will be found in Chronicle of Sept. 26, 1903,
page
and iince Aug.
for each of the last three years have been:
1,
BmrUy
747.
TRBASUBT NET HOLDIMOB.
May l,lt04
J'ne 1,1904 rulv 1,1901 Aug.l, 1804
Holding* in Sub-Treaiuriet—
Retffoldooln and bullion
Net silTer coin and bullion
N«tU. 8. Treasurr notes
Net egal-tender note*
Net national bank notes
•••
Net fractional sllTer
115,880,758
28,381.070
11,601,820
Cask In Philippine Islands
Bab-treas.,eto. 4Si,e01,810 <B7.B09,Oao t04,l*S.*88
••'
82,04a,«89 M,2t0,{>04 86,0*8,221
liabilities.*.
>S80.910.188 1«3,887,B16 108,027,212 164,081,580
1902-1908.....
Money Aim.
r- stock of
l.-~,
1904.
^JUonevin Oireulation.-^
In the Onited
Held in
Aug.
States.
7r«a«urv.
I
t
aoldcoin(inc.bnl'ninTrea8.)l,342,422.749 197,415.631
564.244.2H3
bank notes
1,
1903.
t
680,878,790
11,926,890
102,234
15,001,782
17,506.016
482,701,873
401,897,800
30,143,793
4M).20(5,88S
Aug.
1,
1801.
I
644.112.f80
500.864.129
70,681.661
4i9,58i.«
81.677.0
ln.660."6a
331.079 234
BllTcr certificates
Subsidiary sUrer
106.503.84')
Treasury notes of 1890
12,«81,000
United States notes
840,681,016
Cnrr'cy cert.. Act J une 8, '72.
88 <,SS9,89»
72,66^851
164,8«3.9.S2
»2,84H.3S0
1H,167,578
833,195.663
=
2,818,711.847 272.121,744 8,616,6b9.608 2,332,018,193
Total.,
Vopalation of the United States Aug.
1,
1804, astimated at 81.982,000; oiron-
latlon per capita, $31 Od.
OITIDKNDS.
of
Company.
do
Moatreal
Sep
Sep
2
Sep
2'2 Oct
2
m
pref. (qu.).
Aug
Aug
Ang
21
21
7
18
17 Sep 25
1
I
to
to
to
to
Sep
W
Aug 16 Aug 10
NileS'Bement-Pond, com
Sep 15* Sep
do
do
pref. (quar.)
IH Aug 15 Aug
People's aas Light A Coke (quar.)
\^2 Aug 2» Aug
Pratt & Whitney, pref. (quar.)
1\ Aug 16 Aug
BnhbertlcortsMfif ,pref. (qn )(No. 22)
1»« Sep
16 Sep
U. 8. Cast Iron Pipe A F,, pref. (qu.)..
1\ Sep
1 Ang
f Also l^ per cent payable Deo. 15.
Transfer books
I
Dec. 11 to Deo. 15, inclusive.
U«ll«OB<
1«w Orlsaii*....
11
9
14
9
7
12
to
to
1,000
to
to
to
to
to
Sep 15
taiveston
984,093
408,789
1908..
Ang 3
from
of Washington, Pennsylvania, has gone
Into voluntary llqaldatijn by resoliUlin of Its stookkolders
dated July 20, 19u4, to take effect on that date
1,173—The WeybosHet National Bank of Providence, Rhode Island,
haR gone into voluntary llqmldatlon by resolution of Its stockholders dated July 26, 1904, to take effaot on that date.
7,188—The First National Bank of Sloni Rapids, Iowa, has gone into
volnntary liquidation by reaolntlon of its stockholders dated
July 25, 1904, to take effect on that date.
EXFIRATION OF CHABTEB.
610—The Union National Bank of Weymouth, Massachnsetts, expired
at the close of business on July 26, 190«.
MttM»U$f-
Stocks.
,
$210
& Son
lot
200 Small Hope Mining
Co.,
2Sc. par sh.
10 Nat. Bk of Commerce.. 200 '6
21 Nat. Park Bank... 49 1 ^."500
17 North American Tr. Co.2SO
26 Commonwealth TrastCo.Si
735,606
0l#7.152
1004.
nour»..«
bbli. 10,517,745
..bnib.
Mrn
"
,.
•
3ats
Sarley
tye.
•
•
.
2&,ec 0.407
34,0U0.881
84,697.809
1.686.503
•
" 1.471
'.
1,600
1.286
1
New
.
1,803
13.957
36,016
8,378
3tJ,574
Orleans for
ivrwmu
«/. foreign
to July 80 compare as
Tetalgraln....^
88,418,803
'•
1903
1B02
13,092,419
11,559,803
1901
18,767.653
57,44^,835
6d,511,«83
31.804,902
2,868.706
2,995,478
619,Sffl3
'
.
87.519.855
8»,574.49j
48,604,301
3,0ijl,496
2,441,203
162.428,798
103,990,441
831^321.253
The exports from the several seaboard porta for the week
ending July 80, 1904, are shown in the annexed statement:
WktM,
Osrn,
flour.
Oat*.
St*.
^ ^
Barley,
24,000
£6,000
Me.
vew^'rtNews
Montreal
kuik
bblt.
64.100
68,071
60,908
8,57d
'k2V67
"l4,'506
26,714
4,136
3,742
86,066
10.864
2,603
buth.
30,794
iu»h.
tutu.
4,780
'"7,047
"eoifloo
666,830
ilobae....
Total week..
776,288
893.894
jametline'08..1.745,195 1,865,619
"64.841
1,449
60
iJsiosk'
"6,276
1571281
260,230
159,838
10o,8S8
10o,858
6,276
23,176
22,176
11,787
0;804
9,804
31,068
The destination of these exports for the week and
July
1,
1904, is as
I^Mk
»e$h antf tinte
July SO
bbi:
JuUj
i.
est
1
to—
Indies
li.M.Am Oolo'i
tther eoontriei
87,816
9.846
10,681
88,816
1.806
15,b35
157.381
Potal 1008-08....
since
below:
fJo«r.
Mu9»rt$ /er
860 230
,
_
Wheat.
,
Binet July
Week Bines July
1,1904.
July 30
1, 1904.
bbi:
t>u»h.
buth,
Corn.
r-
-»
Week Binet Jnly
Julu
80.
1,
1904.
bush.
btuh,
1,056, 7ao
8«!l.l27
48.8814
199.786
«T,887
1,240
78,720
4.3j1
18.0it
18,000
273.165
72.840
664,09a
111,183
1.9Bi,688
867,004
84,iJ39
610,664
1.894.638
7T5.8S8
1,745.195
8.230.778
893 891
M98!67d
l,865;51tf
15.090
94,169
14,220
3,644
2 05J039
b;88i;w93
The visible supply of grain, comprising the stocks in
canary at the principal points of accumulation at lake and
seaboard ports, July 30, 1904, was as follows:
Whemt,
Osrn,
busk.
OatI,
491,000
290,000
513,000
Boston
>^.
Pklladelphla
.»
Baltimore
Orleans.......,^
84,000
85.JU0
69e,ooc
ioV'oo'
'
19i).00$
H2,«U0
87,J00
18,800
MlVestOO
117,000
41,000
138,000
13,000
ISl.OOO
'••*•';«New Tork
Do afloat...
hum.
ew
^,
»^
Do
00
215,660
164',b'6*G
2,000
8,000
81,000
"'6,oo'd
*"8,bd6
M,V
iio.'ooi
63"8',00'6
08,000
47i6oo
i84'a"o'6
""i,'6o6
"oo",<K)6
i',6"o*o
1,379.000
127,000
«flnat
,
H.Lonis
-Do
143,000
8,976",
afloat
rort William
Port Anknr
DalBth
Do afloat
tfiBBeapeiis
77,006
219.000
6.000
889,000
afloat
(liwaakee
190,000
i68,J'o6
afloat
Oe:rolt
Baris*
kuik.
149.000
466 JUO
afloat..
Toledo
oo
Do
kICaco
Do
887.ot
86.000
,
86,000
857,000
1.830.0 jo
628,J00
I,0e8,)00
2,000
8J,000
4,668,010
"9,066
817,00U
89,000
7,000
884,000
11,000
80,000
61.000
74,606
16.000
'io.ob'o
"8,006
1,639.066
808,0«0
85,oon
eu4,oco
1S,0U0
63,000
2,»WI.000
HflM.ooe
l.OM.OOO
.1.007.000
fl,4HS,000
-wu.ooo
66H,000
871,000
6^8,000
0».00<>
828,000
97,000
i's.oii)
afloat
CantasOlty
ing Co. of Brooklyn. f 176 lot
15 Metropolli'n Plate Glass
Ins. Co. of N. Y
16014
4,993 U. B. Coal A Coke Co
599.749
1,802.781
Total reoelpti at ports from Jan.
KOBtreal
•oronto
ivSalo
7,263—The Ola National Bank
26 Consumers' Star Brew-
975
0,000
'ollowB for four years:
AO. Amerlaa.
liquidation.
Adrian H. Mailer
1,144,800
2,660,686
Beeelpts *o not include grain passing thromgh
•orts on through bUls of lading.
Sep 14
NATIONAL BANKS ORQAHIZBD.
.By Messrs.
.
fe«(«k.
1T,7U4
60.230
•
inited Kinfaom
ioatlnent
Certificates Issued July 18 to July 10, 1904,
7,340— The Flret National Bank of BarwelJ, Nebraska. Capital,
$25,000. W. L. McMullen. President; E. Bailey, Vioe-Presldent; J. M. Conrad, Cashier.
7,811—The First Nittonal Bank of Browns Valley, Minnesota. Capital, $2^,000.
F. H. Wellcome, President; 8. Y. Gordon, VloePresUent; S. J. La Due, Cashier.
Slocks.
My
tVMk
896.900
86,170
118,177
118,970
88,334
1,429
Total week....
Weak
0«t(,
ktlfk.
78,477
10,400
56,000
f*ortUB«.Me
Aug 15
Aug 25
Aug 15
to be closed
1
884.875
135,168
83,987
84,110
87.000
8.748
8,400
11.81iS
Mobile
Aug 1
National Banks. —The following information regarding
national banks Is from the Treasury Department.
Aaetiou Sales-
17,393
65,403,493i 7,749,586
58,886,643 8.892,350
103.041
1?0 048
4.881,617
oem,
lawportNewe....
Total
by limitation
9,000
38,400
7
nMcUaaeaaa.
l»l
feWfk.
164.000
188,707
267.784
10U.447
308.S&0
13.8a8
i<kliBdelphla..
Southern, pref
Oct 17
Htreet Rallwaya.
Oal.Qa8<fe Klec. Corp., San rran.(mthly) 3So. Ang 15|Aug 11
to
Colnmbns Delaware * Marlon, pref... 3 Aug I'j'ly 21
to
Ang 1
Montreal 8t. By. (quar.)
1 Holders of rec. J'ly 15
2»s Aug
pref. (qaar.)
fVfuat,
114.007
19,481
15,863
iM,6Ge
36,761
1.010
»«.^
Portland,
Aug 31
Aug 31
1.779.aSV
ntur,
PUiaaeipkta......
BaltiMere
^
teltinore
few Orleani,
Erie. Ist pref
American Radiator,
stiiytsalSewTork.^..^,,
BoitODM
Qoiton
Books Closed.
(Days Inclusive.)
[Cent
Ballr«a4a (Htentnl.
A Texas Pacific, com
do
900
1.051
The receipts of flour and grain at the seaboard ports for
the week ended July 30, 1904, follow:
MtsptrU /rom-kii«ii.
i^ewYork...^ 68.952
Per
Cln. N. O.
do
8.020.880'
tVkeat
• For redemption of outstandliiK oertiaoates an exact equivalent in amount
of the appropriate kinds of money Is held in the Treasury, and is not included
In the account of money held as assets of the Government.
t This statement of money held in the Treasury as assets of the Government does not Include deposits of public money la national bank depositaries to the credit of the Treasarer of the United States, and amountine to
•101 937,179 30.
Name
171,474.853'l68.933.0a8
848,809,063{l06.aie.083 192,161,974
I
1901-1903
Stock op Money in Country.—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 July 1, 1904, tvill be
found in the Chronicle of July 16, 1904, page 193.
NatloBftl
2,049,417
8,374,318
4,6Sl,ei7
Since Aug, 1.
1008-1904
"Chiefly dlsbik'siiw officers' balances."
Gold certlfloates
Standard silTer dollars
Tot. wk. 1904
Same wk. '08.
Same wk. 'VS.
870,819,188 818,287,610 J19,C2 ',248 801,«815-0
160,000,000 160,000,00€ 150,000,000 150.000,000
Gold reserve f and..
*
890
5i),7l8
183.101.602
11S.688.C18
7.335,213
rallable oash balance
8.930
15,fl3».207
Cash In Snb-Treaiuries
Cash In national banks
Oaah in banks,
9.479
49.340
19.189,039
1
0edaoioarrent
By*,
9tuh.iaibs fiu.Sfl ibt,
182,083
63,700
67,450
18.000
8,6,"(J6b
Peoria
iBdiaaapolls
IB itisiTssippl
9BLakes
8,«00
68,000
mver
isi.WrJo
laeanalandrlTer.
Total Jnly
Total JnlT
ToUl Ang.
Total Ang.
Total Ana.
180,000
80, 1904. ..13,003.000
83, 11*04. ..18. 175. 000
1908... 18. 1 1 6.000
8, 1903... 81. 973,000
8, 1001.. .30.46^,000
1,
'4i,'6oo
6.H40.OOO
6,778.000
0.990.000
7.881,000
11,66^,000
.877.000
4.364.000
84!i,O00
186.000
318,000
.
..
THL CHRONICLE.
610
New York City Cleuriu; Uouse Banks.—Statement of
condition for tlie week «uding July 30, 1904, based on averAge of daily results.
Wt emit avo oiphtrt (00) in all caiet.
BA-NKS.
Capital.
Surplxii.
Manhat. Co.
Mercliaiita'
Mechaiiics'.
America
Phoemx
...
Oily
Chemical
..
Ex
Mercli.
.
Gallatm....
But. & Drov
Mecli.&Tra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
450,0
200,0
2,000,0
3,000,0
...
...
People's
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.<fe Fult.
Shoe&Ltlir.
Corn Kxch
Oriental
.
...
Imp. & Trad
Park
East River
Fourth
Second
First
N.Y.Nt.Ex.
Bowery
2.000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
. .
N. Y. Co...
German Am
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
8,000,0
300,0
10,000,0
1,000,0
250,0
200,0
Chase
Filth Ave..
1,000,0
100,0
German Ex.
200,0
200,0
300,0
Germania
..
Ijincoln
Garfield
Fifth
Bk. otMet..
West
Side..
Seaboard
..
IstN.Eklyn
Liberty
N.Y.Pr.Ex
New
Amst.
...
16,8H.'>,2
7,664,2
362,0
2,219,4
120,4
355.8
530,9
4,075,6
11,786,9
4,513.6
618,6
1,095,1
400,5
2,106,8
6,706,8
1,086,»
648,2
313,1
1,322,2
360,2
.3,397,:i
1,076,0
6,794,3
7,090,2
133,3
3,041,2
1,402,9
13,743,9
873,7
767,7
663,0
624,3
4,006,6
1,738,0
676,2
874,9
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
1,346,2
1,287,4
379,5
1,429,0
548.6
1,428,1
593,9
1,935,9
495,0
549,4
350,0
559,4
Astor
Total
2,586,7
2,492,3
1,458,4
3,381,8
3,693,3
284,8
760,0
Specie.
$
$
$
Bk. of N. T.
Loans.
LegalB.
$
19.627.0
21.326,0
14,605,4
22,251,0
2H.401.6
3,298,0
180,936,1
24,737,3
5,489,4
8,668,0
2,000,9
4,342,0
2,458,7
28,297,0
172,651,1
24,678,2
3,041,9
6,270,9
2,139,3
17,405,7
53,172,7
7,017,0
15,624,4
2,684,9
6.458,8
7,409.7
29,588,0
7,696,7
24,341,0
V 1,989,0
1,109,1
21,839.3
9.010,0
92,013,7
7,505,0
2,990,0
4,520,0
3,667.9
47,022,0
9,142,7
2,670,4
2,696,4
12,100,6
7,333,9
2,479,5
6,565,5
3,352,0
14,400,0
4,162,0
10,755,7
4,928,6
5,850,2
4,927,0
3,265,0
12,109,0
6,104,7
4,393,0
7,753,0
863,0
64,814.6
6,3X7,2
1,211,7
1,134.7
473.1
793.0
691,3
3,491,0
25,227,0
4,362,5
611,7
747,3
425.6
2,668,6
12.698,1
1,017,0
2,452,8
384,4
1,609,4
2,122,0
5,306,0
1,491,4
4,040,0
17,879,0
154,9
3,586,3
1,116.0
36,567,6
1,304,7
408,0
976,8
650,6
12,552,2
2,288,9
190,0
428,4
1,142,8
1,954,8
512,5
1,837,4
671,0
2,670,0
638,0
2,911,0
1,091,0
1,142,3
1,000,0
t
DepotiU
P.O.
$
$
Jte.
a've.
1,800,0 19,260,0 26-3
2,160,0 32,236,0 44-4
1,366,7 20,276,8 36-8
1,742.0 23,466,0 2G1
2,437,5 32,418,8 314
3,147,0 34-8
235,0
8,785,3 207,036,3 35-5
29-8
24,592,5
1,946,0
6,249,1 28-7
587,1
6,553,0 25-5
532,6
2,300,5 2'i-6
47,8
471,0
4,744,0 2 6 -5
467,9
2.532,2 '11-8
2,389,0 22,151,0 26-6
16,726,5 165,903,0 25-2
1,374,4 22,467,6 25b
3.708.7 26-2
463,8
936,5
6,417,2 ,i6-2
349,3
2,642,6 29-3
2,034,1 17,322.2 27-1
3,791,0 65.142.7 26-3
514,9
6,541.0 v;3-4
2,697,0 19,293,1 26-6
254,6
3,057,8 20-8
662,1
6,989,2 32 5
373,6
9,138,8 27-3
4,147.0 36,288,0 26-0
403,8
7.692.4 24-6
1,322,0 21,737,0 24-6
5,714,0 84,856.0 27 -8
208,9
1,227,5 29o
2,966,4 25,005,0 26-2
1,224,0
9,719,0 24-0
2,036,8 103,166,0 37-4
527,0
6,883.2 26-6
353,0
3,439,0 22-1
488,4
6,826,2 251
226,8
3,511,2 24 -y
2,030,5 56,529,6 25 -V
288,6
9,961,1 25-9
•
695,0
3,270,5 27-0
857,8
4,995,8 20-7
2,185,7 13,081,4 25-4
257,3
7,665,4 28-8
126,4
2,522,9 25-3
762,1
9,745,5 26-5
293,0
3,809,0 25-3
1,704,0 16,871.0 2b-9
665,0
4,530,0 28-7
249,0
9,977,6 31-6
443,2
6,437,6 28-2
554,7
6,809,8 24 9
172,0
4,831,0 24-2
115,972,7 134,323,4 10973381 271,182,9 86,048,1 12049656 29-6
t
Total United States deposits included $23,353,700.
t
Reports of Non-Member Banks.
—^The
following
is
the
statement of condition of the non-member banks for the
week ending July 30, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
[Vol. Lxxix.
New York
City,
Boston and Philadelphia Banks.— Below
a .summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks>
is
We omit two ciphers (00)
Capital dBANECB Surplus.
Loam.
Legals.
Specie.
N. Y.
$
J'ly 9 250,296,1 10782948
J'lylP 250,296,1 10876187
J'ly 23 250,296,1 : 0998492
J'ly 30 250,296,1 10973381
OOs omitted.
tal.
pLv^.
Invest-
Specie.
ments.
Net
Leg. T.
lUBank Clear'g Other Deposits
NoUs. Agent. Bks.&c
N. Y. CITY.
Boroughs 0/
Man&Br'nx
Colonial
$
$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200.0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
236,3
295,5
107,6
80,0
Hamilton ..
129,6
Mt. Morris
116,3
Mutual
186,0
19 th Ward .
188,7
Plaza
267,2
Biverside ..
106,7
655,8
State
12th Ward .
113,2
23d Ward
102,9
Yorkville ..
283,8
Fidelity
118,2
Jettcrsou ..
295,7
Century ...
68.2
Wash. Hgts
133,3
United Nat. 1.000.0 123,9
Consol. Nat. 1,000,0 1,127,5
Union Exch 750,0 471,5
Columbia
..
14th Street.
Gansevoort.
.
2,134,5
4,046,0
1,588,1
2,000,7
2,955,5
2,286,1
2,519,1
1,624,9
3,000,7
1,137,2
7,213,0
1,668,0
1,368,2
1,929,5
754,6
2,029,0
683,8
697,7
2,050,0
3,693.9
3,946,7
$
f
64,2
208,0
79,2
11,5
143,0
144,7
32,6
31,8
94.0
13,6
443,0
43,0
54,9
32,2
10,7
IJ.,1
26,7
10,8
235,7
356,2
111,2
194,3
119.0
82,3
178,2
36,2
83,7
230,3
144,9
87,0
80,2
292,0
185,0
151,2
248,0
44,3
75,4
37,0
19,8
59,2
60,6
198,4
$
J'ly 16
17.442,0
18,094,0
18,076,0
52,635,4 174,792,0
52,635,4 176,084.0
52,636,4 176,899,0
J'lV23
J'ly 30
435,3
317,0
189,3
195,9
157,5
332,6
212,7
594,1
531,0
82,6
202,0
91,0
100,5
184,3
65,8
248,1
48,9
110,5
78,4
331,0
850,3
$
340,4
3,5
250,0
69,9
260,0
65,2
5,4
209,2
239,9
978,0
203,1
227,0
6,3
116,9
326,0
2,875,7
4,151,0
2,069,9
2,295,7
3,426,4
3,049,8
2,629,8
2,252,6
3,372,0
1,371,2
8,641,0
2,013,0
1,821,0
2,331,2
735,0
1,946,9
776.9
497,4
1.162.7
2,519,4
4,ld«.8
JBorough
ol
Jirookli/7i.
Broailway .
Brooklyn ..
MIrs.'Nat..
Meclianics'
Merchants'.
Nassau Nat
Nat. City
..
North Side.
Peoplp.s
17 th
Ward
.
SpriieueNat
tjnion
Wallal)out
Borough
.
...
150,0
300,0
252,0
500.0
1 00,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
3.S4,6
167,0
652,0
396,5
63.5
755,8
001,2
174,1
1811,2
8(;,9
249,8
116,6
83,1
88,9
2,092.0
1,552,9
3,ii98,6
6.S53.0
1,112,0
5,322,0
3,185,0
1,080,3
1,374,2
663,3
1,177,0
1,073,4
777,2
1,555,6
15,1
172,1
100.2
296,3
213,1
50,0
102,0
699,0
9,5
53,1
329,6
444,5
613,3
961,7
167,5
22,2
50,9
70,0
26,0
35,0
210,0
132,0
346,0 1,103,0
355,0
879,0
26(»,0
14,2
70,2
11,5
114,0
54.6
55,0
23,4
88,2
125,6
28.\3
125,3
55,5
21.0
109.2
29,9
108,7
39.4
209.9
77,3
190,0
109,2
51,3
89,2
42,5
30,0
513,6
143,5
67,6
2,2S8,3
1.882.0
3.880,5
8.648,4
1,237.3
5,780.0
4,275,0
1,2S3,6
1,707,4
677,5
1.220,0
1.551,5
887.2
1,648,7
J'ly 16
J'ly 23
J'ly 30
7,509,0 220,236,0
7,615,0 219.403,0
7,032,0 218,798,0
66,377,0
71,623,0
71,962,0
48,167,1 196,038,0
48,107,1 196,992,0
48,167,1 196,111.0
111,5
737,3
54,0
400,0 1,063,5
3,820,9
179.2
250,0
250,0
200,0
654,9
278.6
288,1
2,127,9
1,173,0
1,356,0
73,7
55,3
54,0
110,0
125,0
539,7
163,8
2,095,2
1,201,3
149,3
85,0
100,0
10,0
172,9
Hudson Co.
Xatumal
.
Second Nat.
Thud
Nat..
5,967,5
07,2
18,8
79,8
320,0
226,3
643,3
96,6
14,1
1,1<OS,0
4,9
1,090.8
1,912,0
2.5,6
190,5
68,5
275,7
91,4
2,188,9
1.252,7
HonOKBN.
Fir.st
Nat...
Second Nat.
40,7
Tot. J-lySO 101370 121318 92,S54,2 4,079,9 5.485.2 137618 7,089 4 1(161294
'!'s*.J'ly23 101370 121318 93,216,5 3,937.9 5.595.6 13745S 6.5liS,7 1064312
Tot.J'lyie 101370 121318 93,488.4 4,178,9 8,940,1 139260 6,678,1 1085044
7,387,0
7,376,0
7,343,0
133,040,5
238,251,0 11,545,0
243,058,0 11,509,0
242,288,0 11,469.0
109,290,7
164.171.5
91,880,4
127,549,6-
111,951,4
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
July 28 and for the week ending for general merchandise
July 29 also totals since beginning first week January.
;
FOREIGN IMPORTS.
for week.
1903.
1904.
Dry Goods.
General Merchandise
Since Jan. 1.
.
..
Dry Goods.
General Merchandise
Total 30 weeks
1902.
1901.
$2,306,444
6,397,668
$2,440,323
9,552.904
$2,406,610
7,944,309
$1,972,887
$8,703,112
$11,993,227
$10,350,949
$9,744,16*
$69,673,303
271,486,929
$78,328,577
271,546,432
$71,506,058
247,723,070
$61,118,604
TotaL
7,771,26<i
265.82.5,659
$341,160,232 $349,875,009 $319,229,128 $326,944,163
of dry goods for one week later will be found
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 August 1, and from January 1 to date.
The imports
in our report of the
EXPORTS FROM
For the week
Previously reported..
NEW YORK FOR THE WEEK.
1904.
1903.
$8,361,276
269,718,365
284.174,53.^
$9,408,764
1902.
1901.
$7,003,578
270,906,772
$10,849,268
302.454.423
Total 30 weeks
$278,079,641 $293,583,302 $277,910,350 $313,303,691
Note.— As the figures of exports as reported by the New York Cu.stom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we sliall 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 30
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
EXFOBTS.
Week.
ISIPOKTS.
Siiice
Great Britain
iYance
Jan.
1.
Week.
Since Jan. 1.
$19,637,476
41,305,126
Germany
West Indies
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
1,396; 604
saooi
16,837
7,554
$3,000 .$64,472,906
32,806,301
24,416,258
$30,392
20,797
34,557
$6,391,379
3,660.296
1,501,751
2,657
8,746
109,224
363,061
90,690
3.085
2,300
4,811,228
$797,445 $22,370,718
France
7641,109
""$193
Germany
West Indies
25,800
190,427
"2;27.5
Mexico
South America
48,601-
1,356,100
10.123
'470
All other countries
Total 1904
Total 1903
Total 1902
$2,047,346
1,439,882
1,633,787
476.345
66,057
668,525
59,437
88,735
2,042.965
2.000
$3,000
All other countries
*797,915 $24,764,877
19,335,.'i33
428,355
19.495,66.T
824.163
$535
82,023
3,562
$577,998
1,002.888
782.299
$88,053
64,264
1.837
Of the above imports for the week in 1904, $5,750 were
American gold coin and §2,475 American silver coin. Of the
exports during the same time, $3,000 were American gold
com and §
were American silver coin.
Auction Sales.
—See page preceding.
^awUing and Financial.
Spencer Trask
&
Co.,
Bankers,
NEW
WILLIAM & PINE STREETS,
YORK,
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying the investor 5%,
764,7
331,0 1463,0 1,665,0
1,268.664.»
l,05a,864,5-
;
JkuseyCitv
First .Nat...
1,075,437,3
l,269.4i>4,3
t Including for Boston and Plula<lelpliia the Item "due toother banks,"
and also Government deposits. For Boston these Government deposit*
amounted on July 30 to $3,752,000 on July 23 to $3,767,000.
Jiorough o)
Jiichmond.
lstN'at.,8.r.
Clearings,
Fhihu
Mexico
South America
$
Circulation.
*
82,461.4 1158I50.T 39,108,4
84,056,8 11791694 39.156,2
••6.015,0 12014432 39.132.6
86,048,1 12019656 38,962,9
Deposit with
Capi-
Oe.
posits, t
Bon.
Gold.
BAJiKS.
all these figures.
iii,
INVESTMENT SECURITIES.
Members N.
Branch
Y. Stock K.\cli.iui;e.
Moffat
&
Office. 65
Slate
St..
Albany
White,
Members Ilefr York 8t»ck ExcbaoKe,
1 MAbSAO 6TUEKT, COKNKli WALL.
]Dcaler» in Investment !»ecurities.
Tei. 6ea)-6d31 Cartlaadt.
Telsphoue liiocks a Speci»ttr»
Aug.
THE CHRONICLE.
1904.
6,
^anfejers^
nor Dttidend$ tet page
Oia^^jettje*
6og.
WALL, STREET. FRIDAY AUG. 5, 1004.-5 P. Bl.
The Money Marbet and Financial Situation.— There has
been a further reduction in the volume of business at the
Stock Exchange this week, the activity that sprung up immediately after July 1st having apparently spent its force.
The foreign situation has lost much of its importance as a
factor in Wall Street and crop prospects are again the
dominant influence
Reports of widespread damage to spring wheat led to
liberal offerings of the granger shares, but the effect on tlie
market in general was more than offset by the Government
monthly report in regard to cotton. This was of such a character 88 to cause a sharp advance in stocks that will be
benefited by what now gives promise of being the largest
cotton crop ever harvested in this country. Whatever foundation there may be for current repor^s of badly damaged
wheat, it should be borne in mind that rust appears only
when there is a heavy growth of the plant, and, unless
account is taken of the heavy yield where rust does not apgear, the injurious effect is very likely to be over-estimated,
[owever, these reports have caused an advance in the price
of wheat this week to over a dollar a bushel.
Saturday's bank statement showed a surplus reserve of
nearly $56,000,000, and also showed how well our local banks
are prepared for the demaod which will doubtless soo a be
made upon them for crop-moving purposes.
The open market rates for oaii loans on the Stock Exchange
during the week on stock apd bond ooUaterals have ranged
of 1
of 1 to 1 p. c. To-day's rates on call were
from
to 1 per oent. Prime commercial paper quoted at 4 per
cent tor endorsements and 4@4}^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £558,112 and the percentage of reserve to liabilities was 48*62, against 47-25 last week,
the discount rate remaining unchanged at 3 per oent. The
Bank of France shows a decrease of 16,900,000 francs in
gold and 1,225,000 francs In silver.
The New York City Clear! ng-House banks in their state
ment of July 80 showed an increase in the reserve held of
|6,26'J,800 and a surplus over the required reserve of
|55,9'^P,600, against $5<>,609,600 the previous week.
^
^
DifftrtncM
J 904
July 30
1903
Aug. 1
from
109,923,700
116.972.700
134,923.400
OftplUl
Barplns
Lo«a* A dlsoonnta 1,097,338.100 Deo 3,6U,100
38,962.900
Deo
Legal temders...
371.182,900 Ino
86,048,100 Ino
169,700
3,622,400
6,227,600
1,038,100
Reserve held
S6 p. 0. ot deposits
867.281,000 ISO
301,341,400 IBO
6,260,600
880,600
Oirenlatlon
Ket deposits.. .c
,
•1,204,966,600 Ino
iJipeole
1908
Aug. 3
100,072,700
129,168,9IK)
114.fi37,100
908,864.600
43.863,800
910,671.600
82,184,100
967.146.600
173,448,9 1>0
9li9.867.700
170,738.310
80,786,200
351,534,600
337,464,436
79,680,tf03
263.024,600
239,280,376
garplna reserre
66.989.600 Inc 6,880.009
24,060,076
18.738.126
* $38,863, 7uo amted states aeposits ineiaded, Against 923,843,300 last
week and $87,281,400 the corresponding week of 1903. With these
United States deposits eliminated the surplus reserve would be 961,828,036
on July 80 and 966.446.400 on July 23.
Note.— Betnrnsot separate banksappear on thepreoedlng page.
611
State and Railroad Bonds.— Sales of State bonds at the
Board include $9,500 Alabama Class A 4-5s at 102 to 1023^,
and $500 Virginia fund, debt 3-3s at 94.
The transactions in railway bonds have been on a more
limited scale than of late, averaging only about $1,500,000
par value per day. The tone of the market has generally
been firm and in a few cases a substantial advance has been
recorded.
Central of Georgia issues have been in demand and the 1st
incomes advanced over 3 points. St. Louis Southwestern
con. 4s have been strong in sympathy with the shares, showing a gain of 2\^ points. Baltimore & Ohio gold 43 are also
over a point higher than last week. Burlington & Quincy
joint 4s and the United States Steel 5s have been strong
features. Union Pacific, Southern Railway, St. Louis &
San Francisco and the Rock Island issues have been active
and generally firm.
—
United States Bonds. Sales of Government bonds at
the Board are limited to $2,000 3s, reg., 19 *8 18, at lOt^.
The following are the daily closing quotations; for yearly
range see third page following:
Inttrtst
Ptricds
>s,19tf0
registered
coupon
Ss, 1930
>8, 1030,smaJ.reglBtered
small
coupon
Is, 1930,
registered
88, 1918
coupon
8s, 1918
Is, 1918, small.reglstered
1907
1907
1926
1936
registered
coupon
registered
coupon
Aug.
Aug.
2
'i
Aug.
3
Aug.
Aug.
4
6
q-Jan
Q—
•104"^ *104S *\Q^\ '104 'fe •104<^'*104S
Jan •1040s •104 <^ 104<^ •104% '104<^ '104^
Q-irVh *i04Ju •ib4>i *i04>i *Y6iH
Q-Feb
Q-Feh
coupon Q-Feb
88,1918, small
48,
4s,
4s,
is,
July
HO
*106»«
Xm6
•106
•106
'106
'106
a; 106
Jan 'lOO"* •106^« '106 V. -in6'«
Jan -loe". *106^t *106'4 '106 >«
Q-Feb *181 *131 *181 '181
Q-Feb *182>« *xil^ *181>« 'ISl"*
Q—
Q—
'106
i04>« *ib4>i
'106
•106
•106
•106
•106V '106 k
•106>« loej*
-181
'181
•181>« 'lam
•This Is the pno« bid at the morning board; no «•« was made.
Railroad and Miscellaneons stocks. -The transactions in
stocks are again restricted, but the market has generally
been firm and a considerable list of active shares close an
average of about ou'^ point higher than last week. As noted
above, this is the result of diverse influences. Stocks affected by damage reported to have overtaken the springwheat crop have had a tendency to weakness, while the
shares of roads traversing the cotton belt have been decidedly strong. Outside of these groups the movements have
generally been unimportant.
The coal stocks and trunk-line issues have been steady to
strong on limited transactions. Local transportation shares
have been irregular. Manhattan Elevated is lower. Metropolitan Street Railway, on some days the most [active stock
on the list, has fluctuated over a range of nearly 3 points, on
rumors of a deal with the Interborough Rapid Transit Co.
The iron and steel shares were loaders of the industrial
list, having been strong throughout the week.
Anaconda
New York
Air Brake advanced 1% and 3 points,
Westinghouse closes fractionally higher.
American Sugar has been a strong feature today, closing 2
Mining and
respectively.
points higher than last night.
For daily volume oj business see pnge G20.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Ha Us
STOCKS
B»ng» Jot W**k
S»ngt titue Jan. 1.
Foreign Exchange.— The market for foreign exchange was
W»tm XndLino Aug. 5
Wetk
active aud strong until Thursday, influenced by a scarcity
Hi4Aug 1
300 11 Ang
6 Mar 16 Feb
of bills and by covering of short contracts; the tone then AUls-Chalmers Co
Amer Teleg & Cable
SO Aag
eu Aug 3
82 Jan 92 J'ne
grew easier because of a lighter demand. It closed, how- Cent A 8o Amer Teleg.. 100
1» 102 <« Ang
102>«Aag 4 102>«Atig 104 J'ne
Oleve Loraiu * Wheel...
6ii
65 Aug 2
100 66 Ang
J'ly
65 Ang
ever, quite firm.
Diamond Match Co
10 132 Ang
132 Aug 2 1 2 734 Jan 132 Aag
To-day's (Friday'n) nominal rates for sterling exchange eeaeral Chemical,
pref..
100 94TgAug
947gAng
94 Feb 96 Mar
were 4 86 for sixty day and 4 88^^® 4 89 for sight. To-day's Homestake Mining
430 64 Ang
64SAag 3 49>9Mar S4><iAng
Coal, preferred
ICO 116 Ang
116 Ang 2 1 O Feb 116 Feb
(Friday's) actual rates for sterling exchange were 4 8525® Maryland
Nat Enam A HuttODlng.. 2 )0 14>4Aag
IS Ang 4
4 Vt J'ly 21 Jan
4 8535 for long, 4 8810@4 8fe20 for short and 4 8870@4 85 for H"ttsb Ft Wayne <& Ohio 100 li)2>«Anc
182i«Aag 4 17>"«J'ly 18214 Aug
30,655
2>«Aiig
2 3b Ang 3
2>sAug
2 4 J'ly
cables.
Commercial on banks, 4 8485@4 85, and docu- South. Pacific rights
ments for payment, 4 84 '^@4 85 Jg. Cotton for payment, 4 84)^
Outside Market. The market for unlisted securities has
@4 84^^; cotton for acceptance, 4 8485@4 85, and grain for
bf en devoid of interesting developments this week. Trading
payment. 4 8">3^(@4 85.%.
To-day'd (Fmiay's) actual rates for Paris bankers' francs has been on an extremely small scale and price changes as a
were 5 18i^*@5l8i^ for long and 5 16J^t@''5 16^* for shorr. rule have been narrow and unimportant. After an advance
Germany bankers' marks were 95(595 1-16 for long and of 1^ points, to 102^, Northern Securities stock moved
fi
1
—
95 7-16t@95 7-16 for short.
Amsterdam bankers' guilders
were 40 3-16@40 3-1611 for long and 403gra40%** for short.
Exchange at Paris on London to-day, 25 f. 2o}4 c.; week's
range, 25 f. 253^ c. high and 25 f. 24 o. low.
The week's range for exchange rntes follows:
-Long.Sterllng Actual
4 8525
-S) 4 8835
Low. .. 4 H5
4 8610
High...
®
I
I
-SfiortI
I
Pari! Bankers' Pranes—
High... 5 18»«(*
-a 6 IS^
Low. .. 6 18»4
® 6 18>fl
Germany Bankers' Marks—
High...
05
® 9»>ig
'31 95
94i»i«
Low....
AmiUrdam Bankers' Guilders
•a>
4 8766
-a
6 le^et
6 17»u
-a)
®
®
957,,
40\11
40'^
®
I
I
I
I
I
I
I
I
B6»igt
96'^t
I
40^
®
I
40>>4
'9
Hitch...
40»,g
Low....
4011, ,
Less: 'inol 1%.
I
1
«
«
t
40»iaTl
40»„
'g* of
1%.
(
-Cablet.-
4 8810
»i» of
1<J,,.
The following were the rates
4
4
4 8S70
4 8810
8320
8765
5 16»,*
5 16»t»
»
9
4 H575
4 ^820
1
1
down
sharply to lOOi^, but later recovered to 101^,^; the close
101 14 totiil transacti^ ns for the week in this
stock aggregated, it is estimated, about 4,50 shares. Interborough Rapid Transit stock rose from 13 IJ^ to l;^4^8. ^^t
later reacted to 133!^; the last sale was at l'S'd%. Seaboard
Air Line new 5 per-cent bonds advanced 31^ points, to 91}^;
the common stock gained lig points, to lOf-3. and ended the
week at H^, while the preferred ran up from 17 to
17^ and closed at 11%. Southern Pacific new preferred stock "when issued" fluctuated between
111%
and 11'^!^ and closed to- lay at the high figure Standard Oil lost
point at the start, to «29. but later it rose
to 632. the last s:ile was at Q'i\%.
After declining a point
to 40, American Can pr-^f erred soil up to 42; the common
was very quiet and lost 14, to 4^4. Hfu-keusack Meadows
fell 31^ points, to 10.
Phoenix gold mining stock sold at 9
cents a stiare, a decline of 3 cents from the last previous
sale.
Royal Baking Powder preferred gained a point to 105.
to
day was at
;
»
1
95-«n
Pins:
11
1
'i. of
1%. •••„of 1%.
exchange on
Fork at the under-mentioned oitlee to-day Havannah, Electric Boat common advanced 2 points to 4i. Greene
12}^o. per $1,000 premium; Charleston, 25c. per $1,000 pre- Consolidated Copper, which bus heretofore been classed with
mium; Mew Orleans, bank, par; comuierol»i, 25c. per the active securities, only sold on one day during the
$1,000 discount; Chicago, 30c. per |1,000 premium; 8t. present week; this transaction was of 110 shares and the
Louts, 35c. per $1,000 premium; San Francisco, $1 per price was 15. a gain of H.
$1,000 premium.
Outside qnotatioDS will be found on page 620.
New
for domestic
:
.
New lork
•20
•66
•115
Aug.
Aug
7(;»g
06'«
llOi-j
83'4 aSOn
»92Vi 9.)
60»8 61
96
115
lltiw,
eoig
•644 68
165
33»4
39 "a 3934
*81
84
•180
•125 135
13»i 14
•81
84
•50
51»s
•2034 23
I46I4 1463^
•17834 180
•178
220
180
225
•135
•175
iio'
*6»8
6»k
•1334 15
•4
43,
•74
•105
76
110
130
160
86 '6
124i3li;5it
•123>iil21
•3234
8414
9434
611a
"a
•I27>9l31>i 125
•140 160 •130
861% S«'4
85
•163
96 14
la
H;;ia
•92
•26
•66
771
80
60
78
•66
77
OS"!,
Tuegday
•28
SO
60
763^
Monday
1
•65
163
33
39 la
-HI
66
163
33
40 14
84
180
a.
Wednesday
Aug. 3
30
80
•26
•55
8fi4
135
14
•81
84
6II4
•2034
5H4
8434
941a
86«»
8634
•I312
15
41a
74
•105
41s
iko'
76
110
i6i8
6i«
}13''8
ISOg
414
514
731a 76
110
15
1414 15
15
•48
*48
60
50
491a 48
'19^ 20
ig'^s 19 'e
19>a 20
15914 160
*169\il60
1601a 160 "a
•265 270 •265 270 26514 270
•21
•21
22
22
2134 22 la
TOTg 707e •701a 7lJa 71
73
*19
25
18 25
•181a 25
n-'a
I'l
434
•4
•6138
•6
65
•10
H>s
24^4
t60«8
•3534
•64
•75
41
•170
•
7
243s
605»
37
57
80
41
185
70
*12Vj 13
•64Tg 67'f.
•79'g 801*
•2
23<
*4
434
•62 la 65
•6
7
10
10
2438 2434
601^4
36
•54
•75
•37
•170
1278
6478
79'a
601a
36
57
80
40I2
185
70
1276
67^6
811a
ISSialaS^e xl32ialS3ii
•18'2 la'*
18ia 19
•35
•36
36
37
•26
*26
28
28
•71>9 73»2 *71ia 73
•20'4 21«8 •205e 23
•411a 43
401a 43
1161a
26 80
•65
60
77 V 783^
9618 9634
118 118
80»»
•
2i8
21*
•4
7
10 llVj
24''8 2478
60 Sj 61
361a 361a
54
•75
•37
170
13
105
.....
•180
I4I4
7334
110
14i«
1934
1934
IbO
265
•21
160
270
221a
7034 72
18
2
4's
6
10
24^8
601a
"36
401a
•37
170
13'4
127
140
49
54
75
1338
3334
3934
•81
14
56
80
185
70
n62
se
49
•64
6
3334
40»4
86ifl *!»g
1251a 1251a
•641a 65
162
3334
4018
83
25
2 la
418
6478
7
Ilia
25i«
623»
14
96
52
•82
83
•6734 70
21^8 22
•6334 65
•30
40
61=8
6213 65
•93
98
6138 6234
•82
83
7579
100
143b
7578
110
14
14
4834
4334
•67
22
65
•30
70
22 la
65
40
65
98
62
6234
83
83
70
70
22
221a
64 14 6434
•30
40
62
93
I
Santa Fe.
pre(
Do
....
4 65
163
pref
C'anada Southern
Central of
New Jersey...
344 Chesapeake <£) Ohio
401, Chicago* Alton
•804 83
Do pref
337,
40
•20
....
2
2
4
•6314
6
•10
2434
434
65
6
Ilia
2514
I314
13
131a
6778
8038
'4
65
98
62
5234
•82
83
•68
70
22 14 2234
^64
65
•SO
40
14
•81
734
754
48'4'
1978
159 160
265 14 270
22
22
7034 73
•20
•14
•4
•63
*54
'94
2434
62'%
37
54
75
•37
170
Do
Cleve.
pref
Chic.
Cm.
&
St. Ii.
Do Ist pf. vot. tr. cfs.
Do 2d pf. vot. tr. ctfs
Delaware <fe Hudson
elaw. Lack.
& West'n.
Denver* Rio Grande
Do pref
24
Des Moines
&
/or J^evU>ui'
Year (1903 J
Highest
Lowest
Bighett
Do
tr. ctfs
pref. vot. tr. ctfs.
United
Duluth So. Shore
8
11
Do pref
254 Erie
63 14
Do Istpref
374
Do 2d pref
<fe
Atl..
& Terre Haute..
56
80
Evansv.
404
Ft. Worth<feDen. C.,stinp.
185
70
Do
pref
Great Northern, pref
•794 804
Green Bay<feW..deb.
Do
Hocking
25 J'lyll
54934 J'ue H
64 Feb 21
deb.
ctf.A
ctf.
B
Valley
Do
nref
133'8 13438 Illinois Central.
18
184 owa
c
Central
3534 3534
Do pref
Kanawha <&
250
5 4May24
22U 13i4May2'
100
4 J'lyll
270
Michigan..
C.Ft.S.<feM.,tr.ctl.pfd
224 Kansas City So. vot. tr.
404 434
Do pief. vot. tr. ctfs.
124 14 Keokuk
& Des Moines...
•47
52
Do pref
1234
Jan
264 Jan
16
16
15
738Jan 4
3334 Jan 18
80=4 Jan 22
Aug
19^6
Sep
36
29 May24
30
68 4 May Ih
66
100 Feb
1104Marl4 112 Dec
134J'ne 1 19 Jan 12 10 J'ly
48 J'ne 1 584 Jan 25 444 Aug
1778j'iie 7 2838 Jan 22
17 Aug
149 Marli; 1684 Jan 22 149 Aug
2504Feb2o 27534 Apr 7 230 J'ly
18 Marl4 2339 Jan 22 18 Oct
644 Feb 24 7473 Jan 22 62 Not
19 4 Jan 7 24=8 Jan 22 12 Sep
t-
2.2'JO
1,190
600
800
12
570
135
14J'ne27 1434 Jan 23
234 J'ne27 294 Jan 25
604J'nel6 68 J'ly 19
115
5 4 J'ne o 104 Jan 22
200
934 J'ne 4 1634 Jan 23
14.790 214Mayl6 294 Jan 2
7,686 65'8May31 6934 Jan 27
660 33 Majl6 504 Jan 2
54 J'lyl5 664 Jan 27
72 Feb 23 72 Feb 23
100 40 Mayl2 54 Feb 3
170 Marl? 186 Mar23
72 Mar24 7979 Jan 7
67 11 J'ne 1 154 Apr 6
60 May24 77 4 Jan 22
30 77 Marl2 85 Jan 7
4,050 12534 Feb24 1374 J'ly 20
500 14 J'ne 4 2278 Jan 8
675 32 Feb 25 42 Jan 14
22 4 May 9 29 Jan 21
3",366
64 4 J'ne 1 75 Aug 5
16 4 Feb 24 2234 J'ly 13
Feb 29 45 J'ly 18
800 31
Rid
Ask
Uanks
Jan
Jan
Mar 174Jan
May 5034 Jan
Aug 9938 Jan
3
Aug
Not
119 Jan
31 4 Jan
72 Jan
48 Jan
1834 Feb
870 4 Jan
43
Feb
904 Feb
474 Jan
Jan
Jan
Jan
7 Aug 194 Feb
10 Nov 2939 Feb
23 Aug 42=8 Jan
62 4 Apr 74 Feb
44 J'ly 6479 Feb
39 4 J'ly 72 4 Jan
78 Aug 91 Jan
31 Sep 74=4 Feb
160 Oct 209 Jan
73 Dec 85 Jan
10 Aug 274 Jan
734
14
55
Oct
21)38
3934
90
63 Sep 106 4 t'eb
77 Oct
:)94Mar
125 4 J'ly 151 Jan
16 J'ly 48 Jan
304 Oct 7788 Jan'
254 Oct 47 4 Jan
624 Oct
164 Oct
29 Oct
10 Oct
48 J'ly
23 4 Nov
89 Not
275 Dee
49 Dec
95 Sep
8234 Feb
364 Jan.
61 4 Jan:
104Janll 1938Aprl2
40 Max
45 4 Apr 7 52 Apr 12
555
Aprj
27 Lake Erie <ft Western..
26 Marll 304 Jan 25
63 Jan'
95
Do pref
200 85 J'nel7 5954May24
118 Feb
275 Ii. Shore <& Mich. South'n
5250 J'ly 1 52-134 Feb 24
3344Jan.;
65 Long Island
46 Mayn 564J'lyl9
83 Jani
11634 118
Louisville
Nashville... 23,350 101 Feb23 118 J'ly20
Jan:
n51 151 Manhattan Elevated... 4,036 13934 Marl2 1523gJ'ly20 1264 Sep 1304
155 4 Jaa-;
884 8834
etrop. Secur., sub. rec. 11,010 724 Marl4 92
Jan
21 704J'ly 1287gJaa;
119 1191, Metropolitan Street..
95,290 10434 Mar 14 124 Jan 2 997gSep 14278 Jan;
Met. West Side El. (Chic.)
16 Jan 15 17 4 Jan 4 17 Dec 38 Jan'
Do pref
45 Mar 9 53 J'lyiii 614 Dec 88 Jan'
834
93, Mexican Central
8,035
5 Apr 23 l44Janll
8 4 Not 29
Mar
•120 UO Michigan Central
51194 Feb 1 138 Feb26 102 .May 135 Jan
'474
Minneapolis <fc St. Louis.
'Too 40 J'ne 3 6734 Jan 18 41 Oct 110 Jan.
•814
Do piref
80 J'ly 29 9434 Jan 21 83 Nov 118 Feb
724 734 Minn. S. P. <6 S. S. Marie. i!875 55 Jan 4 75 4 J'ly
26 42 Aug 794 Feb
'1244127
Do pref
300 116 May 2 1284J'ly25 1094 J'ne 1324 Feb
184 1334 Mo. Kansas <Sk Texas
2,750 14=8 Feb 24 19 Jan 21
154 Oct 304 Jan;
4II4 414
Do pref
4.885 32 4 J'ne 1 42 4 Jan 22 33 Oct 63 4 Feb!
9278 93'% Missouri Pacific
31.600 87 Feb 27 9o7g Jan2'2 8534 Aug 11578 Feb'
11434113 'M'ash. Cliatt. <fe St. Loui.^
1,350 1014Feb24 1244 Jan 11
85 Oct 133 4 DeOt
•36
id
at.of Mex, non-cum.pf
34=4 Feb 25 41 Jan 11
344 Max 47:% May
•17
184
Do 2d pref
157gFeb2o 21 78 Jan 8 17 Not 284J'n«
11834 11834 N. Y. Central & Hudson..
1,410 11279 Mari'.' 122 Jan 8 112=9 J'ly 156 Jan
•28
294 N. Y. Chlo. ife St. Louis...
19 4 Sep 45 Jan
'"'26 25 Mayl6 324 Jan 23
105 110
Do Istpref
1014Mayl2 1094J'ly 6 100 Oct 118 Jan
•60
05
Do 2d pref
60 J'nel4 69 Jan 21^ 50 Sep 87 Jan
190 194 N. Y. N. Haven <fc Hartf
20 51854 Mayiy 196 Jan 23
4 May 2254Jan
314 314 N. Y. Ontario & Western. 20,365 19:19 Marl4 31»8J'ly26 137
19 Sep 36 4 Feb
614 62 Norfolk (& Western
3,550 53 4 Marl
6278J'lyl>. 5334 Not 764 Feb
•88
91
Do adjustment pref.
100 88 May 6 91 J'ly 27 85 Aug 93 4 Feb
169 Northern Central
150 J'nel4 170 J'ly 21 190 Aug 190 Aug
59 61 Paollio Coast
Co
51 Feb 24 61 J'ly 13 3934 Sep 72 Jan
•90 105
Do Istpref
95 J'ly 26 95 J'ly 26 80 J'ly 100 Feb
•67
69
Do 2d pref
614 Jan 1 68=4 J'ly 26 50 4 Aug 76 Jan
1197812038 Pennsylvania
72,564 lll4Marr.''l234Jau2 11034 >;ov 157^% Jan
"17
21 [Peoria <& Eastern
17 MarlC) 23 4 Jan 22 15 J'ly 39 Jan
•75
80 [Pore Marquette
744J'ne 9 8138 Jan 23 74 J'ly 91 4 May
Do pref
568 MBy31 569 J'ly 13 574 Dec 5 76 Sep
03 4 63 4 '62 4 65
Piltsb. Ciu. Chia <& St. L.
100
55
Apr 20 6634 Jan 22 55 Sep 94 Jan
•91
•94
98
Do pref
98
90 April 93 Jau2£ 90 Oct 115 Jan
52 14 6234
5238 0234 Reading, vot'g tr. ctfs.. 44,190 3334 Marl4 6434 J'ly 21
37 4 Nov 694 Jan
•82
83
83
Ist pref. vot. tr. ctfs...
83
250 76 Mar 1 8334 J'ly 12 73 Sep 8979 Feb
•68
•69
70
70
2d preL vot'g tr. otfs.
200 55i4Feb25 72 4 J'ly 8 5534 Nov 81 Jan
22!% 23 4
22!% 2338 Bock Island Company
36,725 19 4 Marll 274 Jan 22 194Aug 531% Jan
654 ^>i
65 4 66 '4
DO pref
6,800 5734 Jan 6 6879 Jan 2i! d9\ Sep 86 Jan
-30
•30
40
40 Rutland, pref
30 Apr 22 38 4 Feb 9 30 Aug 72 Jan
•26
•85
•245
•52
<fij
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Uanks
NEW YORK
'
27 Jan 22 25 Dec 41 Jas
69 J'ly 21
514 Dec 69 Ja£
79 78 J'ly 19 54 Auk 8978JS
2,43i; S7«9Jan
98 J'ly 20 8439 AOR 1034Jaik
100 104 4 Feb 18 121 J'ly21 100 Dec 126 Ma«
11,334 7278 Mar 14 857jJan27 711% Sep 104 Ju2
16 87»8Kebl9 95 J'ly 20 8234 J'ly 9034 Feb
37,145 38 Feb 24 53 J'ly 19 29 4 Sep 714 Feb
1184 Mar 2 130 J'ly 7 121 Nov 150 Feb
51354 J'ne24 n35 4J'ne24 140 Sep 160 Feb
1,8<»> 85
Aug 1 87 J'ly 19
4,675 109 4 Mar 12 126 J'ly 13 15=8 Oct 13834 Feb
64 Apr2; 684 Jan 2 574 Sep 784Jaa
"32h 154 4 Feb 20 166 4 J'ly 13 153 Oct 190 Jatf
1,675 284Marl4 36 .Jan 28 27 4 Not 534 Jan
6,120 33 Jan 1;') 414 J'ly 26
184 Sep 374 Jan
100 75 Jan 2 85 4 Jan 21
60 Sep 754 Deo
5181 Janlh 5182 Jan 14 J170 J'ly 5184 Mat
124 Febl] 4135 Mar24 105 J'ly 1384 Jan
2,020 1278J'ne h 1734 Jan 22 13 Aug 29=8 Jan
120 804J'lyl:^. 86 4 Apr 12 83 4 Sep 9979 Jan
220 47 4J'ne 6 71 Jan 23 63 Oct 85 4 Jan
20 J'ne tl 31 Jan 21 24 Sep 4679 Feb
69',443 1374Feb24 14934 J'ly 20 1334 Aug
1834 Jan
50 173 Mar 4 182 J'ly 14 168 Aug 1944 Jan.
880 1614Marl4 18034J'Iy21 153 Sep 2244Jan
207 Feb 8 224 J'ly 15 190 Aug 250 Jan
5130 J'ne 6 5137 May 7 132 Oct 200 4 Jan
135 Mar22 145 Jan 21 117 J'ly 162 Jan
5165 Apr2>- 5185 J'ly 20 5165 Nov 194 Jan
Dodge
Ft.
Detroit South, vot.
5
23
75
Lowest
64,206
600
690
647, Detroit
13
13
•651a 677b
•28
74
•20
Range
100-sharelolt
(
Atlantic Coast Line KB..
84 7^ Baltimore <«! Ohio
92
Do pref
5l»8 Brooklyn Rapid Transit..
130 Bultalo Roch. <b PitUb'g.
857g 86 Buffalo A Susqiic, pref...
125381254 Canadian PacUic.
4834
1979
2138 221a
71I4 721a
62 4 623,
•37
381a
54 56
75 80
401a •37
401a
185 •170 185
70
70
1<.
93
Do
1174118
&
100 110
Do pref
•13 4 I4I4 Colorado <fe So., vot. tmsi
20 14
20
159 la 159 la
}270 270
•65 la 6776 6513
0479 69
79'a 80ig •79'a 804 58038
•60
Topeka
180
130
....
150
38
56
80
M
•93
I
Atoll.
96 '4 9634
•64
lor Year I'JOi
0)i basis 0/
Shares
Arbor.
Ann
Do pref
784
163
Range
01
the
Week
itailroiids.
CUloago Burl & Quincy..
150 Chicago <& East. III., pref.
14\ Chicago lireat Western..
•81
84
81
84
84
Do 4 p. c. debentureit
•50
62 \ •eo
'50
52
63
Do 8 p. c. pref. "A"..
•21ia 23
•214 24
211a 24
Do 4 c pref. "B"..
14038 14738 146ial47'% 146»8l48i8 Chicago p.
Milw. <fc St. Paul.
17834 180 } 17834 17834 17834 180
Do
pref
la
179 179 la 180 180 •17734 1801a Chicago <fc North Western
219 225 •219 225
Do pref
Chic. Rock Isl'd <fc PacUic
13.5
'135 iVo"
140
132 137 Chic. St. P. Minn, ife Om.
175
'176
172
Do pref
578 6I4
579 6I4
578 6I4 Chicago Term '1 Transfer.
•1334
1334 14
1334 1334
Do pref
6I4
•434
434
•4
514 Chicago Union Traction.
434
631s 65
86«s,
126 la
65
164
SaUa
STOCK
EXCHAXGB
30
GO
7734
8414
133141331a 133141331a 13313134
•i8<a 19
1878 1878 •18
19
35
35
3512 •35
36
26 35>i
•26
28
28
26 28
72
72
721a 7479
73
741a
•20
25
•21
25
•2014 ?2ia
42
4
43
44
434
434
*12'a I41-! *12^ liVi •121a 14
•12 la 14
•124 14
•47
-47
62
•47
52
62
47
52
47 62
•26
•26
28
•26
28
•26
28
26
30
27
•85 100
85
85
•86 100
85
85
•85
95
•245 275 •245 275 245 275
'245
275 245 275
•52
•52
55
55
•52
66
52
56
62
56
114 115
113>all4
11434 I15I4 114iall6ia 11638 11714
150 "3 15034 ISOTglsi
150 151
14978 1501, 14934 150
88
88 '4 8938 88
83
88
89
897s,
8*4 89
11734 11838 117341201a 118'4ll97g 1181a II9I4 1184H9'8
•19
211, 19
211-;
•52ia
oJ 55
9 -a
934
9^(.
934
97e
91a
97e
9
933
93,
•120 140 •120 140 120 140 •120 140 120 140
46I4 46I4
•44
61
45
55
46 la 46 la
47 .......
•76
•80
90
:
80
80
81
•74
75
7318 731* *72ia 73
721a 73 H714 724
127 1271a 126 1281a 126 127 125 128
*126'al28
I8I4
•17
1734 17^>4 «18ie 18%
1734 1734
18
1334
•3834 39>-,
40 14 40^4
3913 401a
40^4 41
41
41^4
gi"^ 91^8
92
923,
92 4 9234
911a 92 H9234 9334
•112 114 112 114
Ui 115 111 114 5114 114
•361a 37
•351a 371a *35»8 37 14 •3518 38
36
17 ISi, •16 181a 17 374
•16>a 1734 Ibia 17
18'4
•11734 11334 119 119
118iall9i4 119 119
118 '4 118=4
•27ia 29iu
•2713 2934 27 la 2934 23
28
293,
29 4
•105 110 105 110 105 110 JllO 110
110
•60
60 65 '60 65 60 65 105
63
60 65
•
192k 187 192 JlilO 190 J190 190
190 194
2934 -M
30
30=8 313»
30 Hi
31
313j,
3034 avs.
60 14 60 14
6038 601a
60=8 6O34
61
61 1^
6II4 617g
•90
90 98
92
•90
91
«8y78 897, jyi
91
•160 170
169 1691. 160 170
169
•60
•60
61
'59
61
59 "a 61 59 109
61
"95 103
•95 103
90 103 90 105 90 105
•67 la 69
-6713 69
671a 69
•671a 691a 674 694
119'8liy-\ 11S78 120
119»8 12038 119=8 1204 ll9=8lVi0l4
•17
17 21 •17 21 •1734 21
21
-17
21
•75
75 80 75 80 75 80 75
80
80
•02ia 65
27
55
•92
{7334
105
•I4I4
*14'4
•
14i<
175
6i8
96 14 96 14
180
125
'125 140
137e 137,
iS234 83
51
51
'135
iio'
eifl
60
126 14 12534 125
•6419 65
•641a
163 163 •162
33 33
33^
Sgig
39 "a 4038
81 84 81
23
211a 25
14Dl8l47'¥ 146ial47'»g
17834 180
17834 180
I8OI4I8OI4 177ial8038
220 225 220 225
135
•175
Aug. 4
78I4
STOCK.S
NEW YOBK
Jiriday
Aug. S
84 '8
8-l»8
841a 8434
95
•92
99
«92
6II4 62i«
611a 62
61
ei's
514
12a 130 •126 130
125 130 •122
•140 160 140 100
•130 160 •130
la
'^180
125
•1334
Thursday
30
77"8
783fe
96
go's
'115iall6ia
•92
.
Stock Exchange-Stock Record, Daily, \Yeekly and Yearly
OCCUPYING TWO PAtJKS
STOCKS— HWHKSJ AND LOWEST SALK PRICKS
Saturday
July 30
..
Mid
Ask
JInnks
£td Ask
Rid Ask
Bonks
262 4 14tliStreelfl. 800
JeffersonU.
140
175
Fourth
305
216
Liberty
500 530
American ... 475 500
Gallatlii
385 400
Lincoln
950 1050
AmerExch.. 215 225 Columbian
350 400
Gansevoortll 140
Maiden Lane 105
Astor
776 825
Commerce..^ 1208 t210 Garfleld
500
Manhattanll. 310 320
Boweryll .... 325
Consolidated 150
155
German Ami] 165 165
Market&Ftil 240 255
Butch'Sife Di 140
165
C'rnKxchgel 845
German Ex\ 375
Mechanics'
250 260
Century 11.... 180
Discouutll ... 145
155
Germaniall .- 550
Mech <fe Tral rj5 135
Chase
650
East River.. 160 105
Greemviohll
270
Mercantile..
237
245
Cliatham
J 10
340
FideUtyli .... 180
200
HamiltonU .. 170
Merch Exch. 160 170
ChelseaExcl 175
Fifth Avell.. 3500 4000 Hanover
500
Merchants'..
175
185
Chemical
4100
Fifth
300
Imp & Trad. 665
Metropn
375 425
Citizens' Ctrl 145
162
First
'515
628
Irving
218 225
MtMorrisD.. 220 240
• Bid and aakedpnoes; no sales were made
on this day. 5 Less than 100 shares, t Kx rights, n state
1 Sale at StQckS^change or At auction tbu we«ic
« Troat Oo. oorttfloatea.
A_A«8.ea^ment paid.
City
260
Coal & Iron 145
Colonial Ii ... 450
.
.
^
lianka
Mutuallj..
Nassaull
Rid
Ask
290
185 190
New Ainster 400 410
New York Co 1600
N Y Nat Ex. 195 205
New York... 2S0 .'90
19th WardU. 160
North Amer. 200 205
Northern
Orieuuin.... 22d 230'
Pacillcll
260
Park (now).. t49434 /500
People'stl
270 290
bftftKa.
a
Banks
Phenix
Plaral)
Prod Eiohll
River.side1I
-
--
Seaboard
Seoon<l
Shoe<£; Leth.
StateTl
34th Street..
12th WardU
23d WardV..
Union ExchT
United
&x (Uvideud and ngUt*.
b i(«w atock.
5
.
Auo.
Stock Record—Concluded— Page 2
6, 1904.]
STOCSS—HIGJiJEST
Saturday
July 30
•lO'u
,
1
"iCa 42
:
*]9ia 21
7212
•70
f>\<^ 51^6
:
*i2i!j
43
1378
S3
33
33
34
48><j
48^2
4838
493e
2334
23
88
•24
•37
22"^
25^;
'947g'95i^
•37
•22
39
23
*37
•22
•1634
I7I12
•38
3934
14
•38
•225
51
230
*225
61
18^
•77
261a
5II4
1838
7834
2612
^
'77
•26
7834
27
90
26
194
9
•26
21
•86
61a
434
21
61s
28
9
31
21
4
6634
•99
•120
567g
99»8
130
911a 9112
12334 12834
130
•13234 133 "4
•129
•111, 1214
•5
•49
7
3434
:
66
21 14
•160
•13
22 12
1621a
14
jeaia 69 "a
•86
87 14
81
31\,
•70
•10
«467e
•10734
2058
•901a
120
•90
129
130
•111*
127
•86
20^8
276
••16
i2««
6
4934
114
I212
68'9
2212
162«a 16212
121a
14
70
8
{4234
*Yl^
•78
• 37
4234
181a
791a
834
• »4
38
3714 3734
43
•28
17
'225
230
230
5134
*18'4
6234
19
•77
77
26
89
7834
26
27
90
27
-7I9
Wi
•54
•4
64
738
434
19
21
57
7
2734
2738
94
-8
264
214
874
31
21
88
4
43.4
1684
Do
Do
•3
57 14
99 14
130
90
91
"4
*225
9539
•93
114 •11
434 4334
17
1678
3579
16
40
23 4
144
37
22
174
1634
3934
{3779
230
514 524
184 19
522442244
77
264
•39
22
195
45
19
5138
o2
184
1334
•77
2334
90
26
206
•22
•195
658
74
634
2738
2.739
94 8
26.4
214 20/0
89
374
21
89
17
17
3
130
-884 95
130
90
634
pref
Xio
Oil
pref
De
pret
American Ice
Do
pref
American Locomotive...
5874 894
•3
17
5739
9959
Do
American Malting
5734
Amer. Smelt'g
Do
Do
995fc
•119
90
pref
4
17
130
pref
&
Befin'g.
pref
American Snuff
90
Do pref
12941314 American Sugar
512941294 130 1304
Do pref
90
I28412914 129
12978
Beflnlng
51301413014 •1294130
•13434 136
•1343413514 13658 13658 137 137 Amer. Teleph. & Teleg...
11 1314 •11 12 '11 12 11 12 American Woolen
76 78 •76 78
•76
•76
78
Do pref
714 73 Anaconda Copper
72
72
72
73
73
72
212 220 •213 220 •213 220 212 220 Brooklyn Union Gas
•5
-5
-5
7
7
7
7
runsw. Doc]t& C.Imp't
49 494 •49 494 *49 494 49 494 Butterick Co
3638 87
364 36
364 Colorado Fuelcb Iron...
364 364 36
65 *....^ 66
66
66
Do pref
9
9
9
94
9
94 938 •9
CoL <6 Hook. Coal cfc Iron.
19641984 Consolidated Gas (N. Y.).
193 41954 195 196 •194 196
11441144 11434 11434 116 115 511438 1143b Continental Tobacco, pref
124 Corn Products
134 134 12
124 124 •124 13
68 70
68
67
67 4
684 684 63
Do pref
21 224 •21 23
214 23
224 DifltUlers S«curlt's Corp.
163416234 16234 16234 General Electric
162«8l63
162 162
*13
14
134 144 I nternational Paper
134 134 1334 1334
5
314
36
304
10
70afe
•694 704
38
33
75
•70
•35
38
•304 33
76
13
10
13
704
•35
707, 7076
7034
•35
33
•10
38
304
70
•304 33
•70
774
474
471a
10
13
i.
Do
i)ref
33
76
International Power
Internat'l Steam Pump..
Do pref
13
Manhattan Beach
88
•2534
100
33
33
771a
221
19
75
19
75
7'a
4334
86
88
75
754
1%
443^
ISia
79
38
79
38 1«
•34
II2
4314
45 14
sola
7»8
4
}7ia
49
115
35
264
•2534
4979
7
55314
North American Co., new
2734 Pacific Mail
eop. Gas-L.cfc C. (Chic.)
34 Pressed Steel Car
•33
77
221
19
•754 76
74
718
52
115
88
•334 34
74
758
75
•217
19
70
•7
82'%
7
83I4
74
82 »e
19
76
74
"84
94
624 63
114
•105
74
834
116
•47i4"47"3i
igi^ 193^
76
>a
76'.,
IJia
6913
2534
11^4
101
*204
88
•154
•175
194
•74
60
\W
59»8
2534
2G'8
lOlii,
212
88
101
1209
•46"
'4734
19»8
194
75 4
57534
19»8
7534
1238
613,
\1\
13
61
6()-^
14
27 14
1U2
209
8734 8818
ISHSj •155
•175
195
109
195
27
102
27 14
4103
204 212
884 884
165 160
•175
195
•46"
19'%
74
12
4
"48"'
• i"o"6
74
83
"4"8""
•"4"53^
1934
194
754 •74
1238
6138
Bankn
Bid
Ask
l,0;-iO
pref
Pullman Company
way
Steel Spring...
i>\)Do pref
Republic Iron
Steel ...
Do pref
all
&
7
U.
i'ls
74
821a 83
S.
Cast
1.
Do
Pipe
<&
Foun.
pref
United States Express...
United States Leather
Do pref
U S Really Construction
Do pref
U S Realty A Iniprove'nt
£id
lianks
BliOOKLTN
A*le
BrooklynH
300
.
Con'ylABBl 146'
FLrat
360
ioo"
130
N.-iKsau
400
Nat City
300
North SUleH. 225
I'eople'sTJ
290
17th WardH. 155
.Spraguo
190
Hiiiyvesant" 190
UnionTl
160
Wallabontii
•
Bid and asked prices; no sales on
1
Sale at iit«ck
Exchange
or at
•1939
7434
1134
1958 United States
743«
Do pref
12
Rubber
Oct
7
Aug 4 32 Oct
Aug 2 13 Oct
57234 Aug 1
68 Aug
58 4 Aug 5 39 Dec
163 Aug 3 148 4 Sep
164 Jan 22 12 Aug
3634 Jan 33
24 Aug
45 4
22
Mar
.
155
tliin
day.
saoUoa
this
TfiUST
Trust Coa.
900 1434
J 'ly
2139 Jan 27
1
174 Nov
67 Jan 6 79 J'ly 15 604 Not
24i4J'nel4 3279 Jan 25 254 Aug
200 3334 J'ne 6 90 Feb 9 32 J'ly
23 Mar21 264J'lyl8 24 Nov
22 180 J'ne 2 5203 J'ly 14 171 Aug
6 Aug 3
600
84 Feb 15
6 J'ly
2<^ Jan 5
64 Jan 27
24 Oct
11 4 Jan 5 214 J'ly 15 10 Oct
ri4Mar24
9 4 Jan 2
4 Oct
1,345
1,300 34*4 Mar24 364Jan 4 16 4 Oct
200
7 J'ne 2 12 Jan 22
5 J'ly
50 324J'ne 1 30 Mar21 23 4 Nov
3,100 164Jan 6 2339 Feb 16 104 Oct
419 75 4 Jan 6 88 J'ly 16 67 4 Oct
24J'nel6
434 Jan 22
2 4 Mar
400 16 J'ne 3 22 Jan 14 144 Sep
9,640 46 Feb25 5338J'Jy21 3634 Oct
3,150 3334 Jan 6 9979 J'ly 25 804 001
110 Jan 21 120 Feb 29 90 Aug
867 85 Jan t> 93 J'nel4 80 Sep
29,005 1224 Mar 7 131!% Jan 25 107 4 Oct
1,140 123 Jan 4 1304 Aug 5 116 Aug
250 121 Feb 16 137 Aug 5 1174 Oct
10 Jan 4 124 J'ly 27
7 4 Oct
77 J'ly 14 65 Oct
69 Jan 2
300 61 Feb 20 80 4 Apr 12 58 Oct
135 Mario 227 Mayll 170 Sep
5 J'lylb
7 Jan 36
5 Oct
10 4779 Feb 19 4979 Mar 7 40 Aug
2,430 25 4 Marl2 384J'ly2o 24 Nov
63 Apr 5 66 Jan 27 65 Deo
3 J'ne28 16*4 Jan 26
1,010
9 4 Nov
5,550 185 Feb 8 2104Apr2(i 164 Aug
370 1014 Jan 4, 116 J'ly25 9434 Aug
934 May 9 2339 Jan 25
1,266
15 4 Nov
1,415 65 Mar 9 74 4 Jan 23 60 Not
225 19 4 J'ne 9 26 4 Jan 21 20 J'ly
700 cisi J'ne20 1794 Jan 23 136 Sep
1,235 104May26 1478 J'ly 20
9 J'ly
57 4 Nov
1,395 64 4 Feb 9 7078 Aug 6
400 26 Mar 1 3734 Aug 1 23 Not
200 29 J'ne 7 40 Apr 7 28 Dec
71 4 Feb 9 78 Apr 7 70 Oct
64Mar21 144J'ly23
6 4 Sep
735 36 Jan 4 4934 J'ly 20 32 Oct
160 1004 Jan 16 1034 J'ly 19 94 Oct
10 4 Nov
10,210 144S'eb26 24 4 J'ly 11
80 4 Jan 21) 95 J'ly 11 75 Oct
22
120
2
13934
Feb
Jan
105
Oct
2,550
100 80 Marl2 90 Jan 26 63 Sep
34 Feb 27 334 Jan 18 17 Aug
12,035 9234 Marl2 10359 Jan 23 3734 Sep
1,840 244Mayl6 34 J'ly 13 22 4 Nov
370 67 Maylb 77 4 Aug 1 62 4 Nov
209 Marl4 223 J'ly 15 196 J'ly
200 16 Mayly 244 Mar 2 16 Sep
200 7134 Mario 79 J'ly 13 67 Nov
6
2.170
1,920
50
2,015
1,228
64MayUl
40
100
267g
176
78
170
30
66
Feb)
Feb:
J'ly?
J ami
7658 Jan
5 4Jau
If)
Jan
14
40
43
276
4
Jan
Jan
54 Feb!
244 Jan
i
5279 Feb,
99 4 Feb!
126 Mar
9339 Jan
13439 Jan'
123
169
Deos
Febi
1458 Eeb^
80
Jan:
1254 Feb:
225
Jan.
154 Jan
55
133 Jang
22 4 Few
JanJ
Jai^
222
119
36
MM
J^
854Ja9e
3434
204
Few
1979 Jait.
744 Few
73
J^
13
Man
464 Ma«
894Jai@
4759 Few
10679Ma]ri
29 4 Feu
95 Fen
177 Jad
1244 Jad
4234
10339
JaS
Fe^
6534 Jana
95
FelM
23534 Jadfi
37
90
Few
Fen
5*%
3534
Nov 22<%FeU
Nov 8038 Few
12
J'ly
J'ly
60
30 FeU
84 4 Few
224 Oct 72 Few
67 Nov 97 4 Few
'4
64FeW
Sep
7934
15
Fet
ill3 J'ly 19
84 Jan 25
844 J'ly
6
Sep
71
4 Oct
2579 Nov
Aug
22
4 4 J'ly
4
30 4
7
6838
4934
15
15 4 Fel
9534
Ma
284Ja
Nov 73 Ja
Dec
J'ly
784J'lyl9
304J'ly
137gj'lyl8
63 4 J'ly 25
10
Nov
3979
8934
FeM
Jan
COMPANIES— BROKERS' QUOTATIONS
Bid
Ask
C'lU'tyliifcTr 505
(;eiitral Tr'st 1930
Comroonw'tli tS4
Eadtem Tr.. 182
225
Kinplro
KquiUbleTi 650
143
525
1980
275
310
188
376
666
Trust Go's
Bid
Ask
Alk
FarmLoA Tr 1360 1375
Fifth Ave Tr 625
560
Guaranty Tr 675
Guanllau Ti 160 170
Knlck'rb'k'r 900
Lincoln I'r... 345
Manhattan
..
Mercantile ..
Merchauls'..
Metropolltai
470
975
585
MortonTrusi 870
Mut.Alllanoi 200
500
1026
210
600
890
220
Trust Co's
Bid
Ask
N Y LlfeATr
N YSeo&Tr
1000
615
t250
323
326
470
1360
400
1030
North Amer.
Real Ksl Tr'l
HtandardTr'l
Tr Co of Am.
Union Trust
US
M
Unit
Van
t
K
A Ti
.'^totOR
N'doii Ti
.Wi)
Windsor
100
| Uz rights,
o Kx dividend anil rights.
i Less than loo nhareii.
£x ttook Oirldend. « Trust Co. ceriUloates. \ Banks marked
week.
will) a
Trust Co's
BiA
BBOOKI.T5
480
1400
420
1425 I47f.
198 202
WHshingtoii
I
Jan!
824Jaai
Deo
60 J'lyl.-i
197gJ'ly22
284
1934
434Jari,
3158 Febj
9534 Febi
Sep
l."i
838Mayl:>
24,2«'.i
42i4Jani
Not 55 Fet
Aug 1504 Fetf]
Jan 21
6338Mny23
6
4
3739 Jani
1134 Jan-
5734
3
938
J'lylS
104 Feb
844 41
93
6
33
96
2
58
64May27
910
245
Jan
Jan
464 Feb
93 Feb
41 4 Jan
235 Feb
29=% Jan
114Jani
4134
ifis
City Trust... 265
300
Colonial
210
200
2478 Jan;
Mai
JaS
Jai^
Ja?
94 Aug
Aug
Mar24
Feb 24
a;534 594
Bowl'gGreen 3o5
BroadwayTr. 144
310
154 Jam
58 Jan
22 5220 Feb 2 226 May] 2 5204 Jan 235 Feb
57,380 43 4 Feb 8 544 J'ly 13 3359 Oct 7559 Mar
1.170
United States Steel
If. T. CITT
Bankers' Tr. 38©
.
150
135
4'6""'48'"
834
Mcrcliaiil*!'..
BoroughH...
Broadwayll
Jan 23
Highest
Do pref
4934 Nov
130,029 514Mayl3
Virginia-Carolina Chem..
4,313 2234J'ne'29 344 Jan 25
174SPP
1023*1034
Do pref
8,062 9758 Apr 10 064 J an 26 80 Aug
•204 214 •204 212 201 212
13 5200 J'uelO >212 Jan
}191 J'ly
Co
Wells, Fargo
8839 8838
8838 8838
8838
est'n Union Tele'gph
571 85 May 19 8934 May 9 SO 4 Si"P
150 166
1564157
158 41694 West'gh'se KI <&M f g assen
May 2 1737gJau21 130 Oct
Tl'Z 153
•175 196 •165 193 •165 195
Do Istpref
8180 Apr 21 191 Jan 19 160 Sep
6034
27
274
102 41027,
Maiiufactrs'. 368
Mcclianlcsll 280
BBOOKLTN
19»8
75»8
123b
12
00'% 614
27
27
10234 102 76
BANKS AND
Wa8h.H'ht8Tl 200
WestSldell. 500
Yorkvillell
376
14
Jan
Jan
Jan
94J'ne
«S;
473«"48""
Marl
Mayl
Mayl6 334 Jan 25
45
37 Mayl3 49 4 Jan 23
•18
184 Rubber Goods Mfg
1434 Apr 15 224 Jan 27
•784 794
Do pref
100 7434 Jan 15 7934 Apr 4
374 384 Sloss-Shelheid St. <ft Iron 1,400 31 4 Jan 7 4134 Apr 12
834
Do pref
77 Jan 5 85 Jlyl4
•34
IJ2 Standard Rope <& Twine..
179 Feb 2
34 Mar 4
137
444 4434 Tenn. Coal, Iron & RR... 34,560 3158Mayl6 464 Aug 2
•28
30 4 Texas Pacific Land Trust
100 25 May id 304 J'ly 20
5 4 Jan 2(i
4 Mar22
Union Bag & Paper
Do pref
45 Feb 24 584 Jan 4
""3 "4
9
•104
Do
76
220
74
74
444 43
4334
444 45
444 45
184 13
184
1S4 •18
•784
784
794
794
794
384 384 •374 384 3759 383»
•83 4100
834
834100
•34
•34
11^
14 14
14
461*
444
464 464 444 454
•28
304
304 294 294 29
•103
712
33
101
334 34
•73
77
•217 220
1334 19
•754 76
18
73
12
8214 83 14
254
100410134
•1334
76
•36
100410056 100
•75
•217
77
221
217
88
26
•25
2734
10034
33I4 3334
183* 19 4
SlSHj
28
47-4
I08I4IO8I4 •10734 1084
99^8
217
54714
4734
345
9
692 35
881 18
750 561
19,670 394
613 150
Lowest
I'.bio
94 American Linseed
Do pref
204 21
574 5734
994 994
119
Do
28
264
4
Highest
Lowest
iTUscell
American Cotton
21
94
10
&
Express
malgamated Copper...
erican Car <& Foundry
American Dist.Telegraph
American Express
64 American Grass Twine ..
434 Amer Hide <& Leather
*4
•19
2739
Industi-ial
26
205
•44
5
434
21
'
Week
Shares
2dpref
Adums
80
28^9 31
8978 8976
7I4
4
•120
3334
•9534
2758
•164 19
5776
57
574
994
994 599
121
2634
•121
•19
26
3858
9534
Mange for Year 1904
Range for J^evioua^
On basis o/100-share lots
Year (1903 J
01
11,S6.7 2538J'ne .
Jan!
115,706 414Marl4 5258J'ly20 3359 Sep 684 Mar
25 't Southernv.tr. cfs. stmped 105,905 184Peb24 2578 Aug 4 164 Oct 3678 Jan
7,506 77 4 Jan 6 9078 Aug 4 694 Oct 96 Feb!
9078
do
Do pref.
90 Feb 36 93 Jan 26 85 J'ne 064 Ma«
M. & O. stock tr. ctf 3
18.680 204J'ne 7 2734 Jan 3;^ 204 Aug 4358 Feb
27 4 ''Pexaa & Pacific.
665 115 Marl4 124 4 Jan 13 100 Oct 12379 Jan;
123
1]hird Avenue (N. Y.)...
174J'ne21 23 Jan 31 174 Oct 3739 Jan'
22»t, Toledo Hallways <& Light
1,000 314May27 39 4 Jan 23
15 Sep 317g Jan
264 Tol. St. L. <fe W. V. tr. ctfs
3334
Do prel. Tot. tr. ctls. 1,160 32 ireb24 3978 Apr 2.T 24 Sep 48 Jan
96 J'ly 19 79 Oct 1224 Jan
1,200 87 4 Feb 2
964 Twin City Kapid Transit.
51594 J'lyl 51594J'lyl> 155 J'ne 51594 Deo
Do pret
Marl. 99 J'ly 20 6534 Aug 10459 Jan
9638 Union Pacific
139",i"65 71
9358
264 a;864Feb25 944 Apr 6 83 4 Aug 954 Feb
Do pref
100
9 Feb 17 13 Jan 15
9 Dec 2238 Jan
114 UnitRysInv'tof SanlTran
400 42 4 Apr 19 49 J'ly 25 35 J'ly 644 Jan
49
Do pref
167^ Wabash
520 15 Mayl 6 2134 Jan 27 1658 Oct 3234 Feb
2,500 3334 Feb 24 41 Jan 25 274 Sep 554 Feb
364
Do pref
144J'ly-'5 19 4 Jan 22 12 J'ly 274 Feb
154 WheeUngife Lake Erie...
40
37 J'ly27 6234 Jan 22 404 Nov 62 -May
Do Istpref
2l4J'ne29 2934 Jan 27 20 Sep 384 Feb
234
Do 2d pref
1634 Wisconsin Cent. v. tr. cfs.
1,086 16 J'ne 6 2179 Jan 20 14 4 Oct 294 Feb
226 37 J'ne 6 47 7, Jan 27 33 Nov 55 4 Feb
874
Do pref. vot. tr. ctfs.
90
354 364
144
37
22
17
38
54
45
434
134
26
90
26
202
•22
21
88
28
105
83
EXCHANGE
613
the
134 St^ Joseph ifeGr'd Island.
Istpref
2539
9539 9578
9358
•93
•11
5238
7334
-195
205
9934
25
49
IIB
234
33
"77;—77; "8\'"9ii
•106
Sales
STOCK
474 474 4734 4734 National Biscuit
107410834 510379 108 'b
Do pref
2034 2034
21 National Lead
2068 21=8
1979 2034
204 204 20
•9084 04
904 9314 *90':8 92 4 •9078 924 "9078 924 Do pref
I2714I2714 127412734 128 128
1284123 4 12334 130 New York Air Brake
83 4
BO'S
15
39
517
-70
76
13
471a
11a
43 14
37
22
171*
3558
384 384 538
7014
301a 33
771a
221
20
78
•19
76
•7
39
23 14
12334 12914
•68
•21
•85
•2534 2734
«99ia 9934
•33i« 33i«
384
3539
•1414
15
6 134
673,
10734 109
94
127
88
•14
•37
'22
17
24
59534
1634 17
16»f
353(.
22
26
gev.
16»8
354
*3
35 14 37
65
•13
•69
26
•19
334 384
"953^ "9 6 14
3358
11
11
4334 4334
965^
1214128
31I4
•164 19
220
•6
54934
26
59534
•104 11
484 484
•26
21
88
99
130
94
129
130
99
123
•204
93
634
561a
121
934 934
27-2
•8
10
46^8
109
274
63^
•73
75
13
26J4
2734
912
U14
121a 121a
•68
264
634
8I4 914
91*
•8^8
10234 19234 •192 I9312
•Il3iall6
2434
2739
•8
313
4912
34»4
2434
•19
•76
*70ia 713«
•701a 72
2578
9078
954
6I2
29
20^8 21
88
88
•3
4
*16i4 19
161a 19
2539
90
2418
384 384
95 4 96
434
21
-ii
25 14
•89
•22
*195
{29
88
•3
•5>a
•4
•19
44
90
*18
19
44
•22
71
22
8334
•225
•ISifl
124
522
24
2434
52I4
U94
•51a
»4
•I914
61a
271a
1738
3934
230
•89
•22
90
26
•89
•22
38
23
1738
Friday
Aug. 5
5124 124
45
454
884 884
23^8
3838
•le"^ 17 14
•3413 35I2
-14
15
45
24
72
Thursday
Aug. 4
STOCKS
NEW YORK
•714 724
724 •70
724 St. L. JfcS.Fr., 1st pref....
524 5234 5214 554 55 14 5658 564 5b4
Do 2d pref
167 167 161 185
§16041604 164 168
C.& E. I. com stoclc tr ctf s
134 134 13'^ 1438 144 144 5144 14 4 St Louis Southwestern..
3379 34
34
354 354 364 36
364
Do pref
494 503^ 497g 60»8 4934 5069 4979 504 Southern Pacific Co
95
94«8 96
'9312 94
•IOI2 11
"48I4 49
16«8 16^
•3434 35 12
14^2
9-<°6
12
214
•65
88
38
95
383^
•931a 9434
93«8
512
45
22
1211212212 •120 123
*19
2238
2012 19
25 14
2539 253,
25
121
•igig
Wednesday
Aug. 3
12
2134
?26i^'25'i;
*2T"2'6"
*119
•
7234
52
164
*1234
1334
13
•43
2H2
52
•161
23
23
*Vl-^ 88
,
12
43
21
LOWEST SALE PSICES
Alf-D
Tuesday
Any. 2
I
•lOia
57234
164
•161
Monday
Aug.
12
4
Brook yn Tr 300
200
Flall)n«h
320
Franklin
300
Hamilton
400
Kings Co
1, IhT L&Tr. 280
NaMnau
240
I'oople'H
330
WUliamsb'g. 210
para^aph
(li)
are State
banks
4
8
1
New York
j
1
Exchange— Bond
Stock
ot;(;i;i'viN<;
Aug
Ranu* or
Last Sale
5
Weekly and Yearly
Record, Friday,
I'oi'ic
i'a«;f.-
BUNU.><
Kanq«
Y. STOCK KXCHANOTC
Wkkx Kmiino ArousT 5
N.
;
WetlCt
Jianye or
La*t Sale
STOCK KXCHANGE
Webk Endinu auocbt
Since
N. Y.
January
1
ft
I
JilU
Low
J/iy/i
Ao Low High Central
Chalt
B
U
V
S'J^coiiHol cuiipoii
XJ
6 -28 cousol ri'K .siiiiill..(/l'.):U)
a 2s con»olc<)iii>suiiUl.<ill):iu
V
V
V
V
U
TJ
U
At.
V. S. (•ovrriiiiiriii
V
'J»coii8i)lri'xi8teri;il.(U',)3l)
!S
;ia ri'i.Msleri'il
H
;is
."5
;<s rej; Hiiiall
:Sh
/il!)()7
Alexico 8
o(
104
10434
105J< 106'4 J'Iy'04
i05'"
106'4
l(i(i>,
lOti-\! J'ly
106^1
106\,J'ly
132
132%6 May
13U4 132
133 J'ue
111^4 Mar
106
131
Q-J
lyjo y-F
l\)2i. y-F
V
Thlhpi.lno Islands 48.1914-34 Q-F
i»
105
105
Ki
bonds. .fclHl; (i-F
/tliHIT
Koi-eiiT" ("overiiiiiont
•irriuikii>rl-uu-Miiin ii\n ser 1.. M-S
t I'hese are jiric V on
•Jaiiancse Govt (is ctts full paid Oct
<llepiil>o( (;ubn r>8 cits lull paiil
2il lu.stal paid lor 5s of 1904. Seji
t
K 58 o( X8U9 y.J
'4
'.'.'...'.
110
190U J-J
19UIJ J-J
1900 J-J
1920 J-J
1924 F-A
Class Bus
Class C 4s
Curreuuy lauding 48
Dist of Cornnibui3-G5s
new cousol 48. .1914
Small
Missouri lundins
1894-1995
North Carolina consol 4s. 1910
6s
1919
So Carolina 4 "-28 20-40
1933
Tenu new settlement 3s. .1913
Small
Virginia fund debt 2-3s... 1991
tia deterred Browu Bros ctfs.
XiOUisiaua
J-J
J-J
J-J
AO
t95
ba
t/ie
101
101
102 14 Sale
111
121
tsi-j.
95
Si
94
•J
the
ll3
''^
1
I4
1
98% 101 '4
4 1004
$oio X.
0/
102
102^4
Mar'()2
Mar'03
IO2I4 105
101 J'ly'04
136>aJ'ly'01
120 Mar'OC
96>2 96 J'ly'04
...
liar.
4 93%
j:97
I02I4 J'ly'04
101*4 l!eu'99
94»4 ...
6^2...
do
2
98
17
102
102
109i4Oct '0(1
102'2Mar'02
102 14.
>»
lie
1024
101
07
i>5i4
4Nov'03
4
92^t IMar'Ol
91
64
6>2J'ly'U4
'921
7
Alabama Cent
laba Midi nee
Hee i^o Ry
At Coast Line
Del & Hud
tiee
Alleglieuy Valley iseePeuu Kit
Alleg & West See Bull R cfe P
Am
Dockik Im ieeCeutolN J
Ann Arbor Istg 4s
/il995 Q-J
Atch T & a k'e gen g 4s. ..199 A-O
KORislered
1995 A-O
.Nov
Adjustiueut g 4s
ft.199
Jiegistered
/il995 .Vov
/tl99 M-N
Stamped
East OkJa Uiv
Ist g 48. .1928 iVIS
Cliic <fc St l.oiUH isl (JS..1915 1(1-8
Atl Kno-v 6i :\'or ist g58..194ti J-D
Atlantic Coast 1st g48.ftl952 M-S
Charles <fc Sav Isl g 7s.. 193b J-J
Sav F <fe
Ist gold 6s.. 1934 A-O
Ist gold 5s
1934 A-O
Ala Mid Ist gu gold 5s 1928 SIN
Bruus di
Ist gu g 48 1938 J-J
W
W
SilSpOca&« gug4s
Atlantic
Atlantic
Austin
1918 J-J
& Dauv iiee Soutli Ky
& Yadk nee South Ky
N \V .^eeSou Pacitii-
.tl%
95^4 Sale
93"
99
!(
H7I4
95%
82 4 82 4
9214
934
97 4
91
99
87 4
9314
96^4 J'ly'04
92 •'8
HOI4
IO3I4
99
ii5 '4
95
82 4 Jau '04
Sale
951,
98%l03i4
1
1144 0ct' 02
98 7g
Sale
133
128
99
It
ig
125J«Nov'03
11314
113^4
112% 112%
112"^ Jan '04
114% 114
95
114
93
98
9714
114
93
98
109
93
J'ly'04
98
98
iO
PJun&M
J-J
A-O
/il925
M-S
M-N
n
aionon Kiv Isl gu g 58..1919
Ceu Ohio K IsC cg4'-2S..193U AI-S
Pitts Clev <& Tol 1st g 6a 1922 A-O
^ittSifc West 1st g 4s. ..1917 J-J
P
J\l
&
Co
95
Ooi^Moy'Oi
95
Sale
103
98
911.,
9ii4
91^,
90i4J'iyo2
105»,
lOH
1201.^,
100
i)H
95
14
108
98 J'ne'04
100 14 Feb '03
98
&
Bklyu
ds
Car .Scf^ Illinois Ceiil
Aloutauk nee Long
1
Briinsit West .v? Atl Coast L
BuUalo 2\ i dj line nee line
B/ittalo It & f gen g 58...193 .u-s
All & West Isl g 4s gu.. 1998 A-O
,
'
d<fcWali Islgu g5s....l94:;
Koch d; Pills 1st g lis.. .1921
J
J
FA
1922 J-D
Southwest See EmBull <fc Susq ist ref g 4s.(il951 J-J
Bur Cedar K A No l8t 5s. 1906 J-I)
Con ist col trust g 5s.. 19:;4 A-U
Registered
1934 A-O
Cousol 1st g 68
jButlalo
DesModjMinn
ll5H.117i-^ 117%J'ne'04
110
119
103 Apr '97
1214 Mar'04
122'2
124
113
4117%
May'04
<S.;
CHiF&X Wlstgu5s.l921
.\-o
& St L Isl gu g ts 1927 J-U
Soutli 1st 5s
1908 J-J
>2d 5s
191; .VIKegislerod
1913 M-S
Garb «fe Sliawu liee 111 Ceul
Carolina Cent ate Beab Air L
102
93>a
'4
103
98''6
98\j
10214
97
119
116
110
....
....
1204 Mar'03
109
109
107
j
100 -6
103%
r.54 119
IO214
119H>....
Is
101'4
iie'04
11041104
110 4J'uo'04
JU.
(<auada
Ctortiiage
&
Hee N V
ace B C
Ail
C
103
107
107
103%
'.J
4
iVI-N
109
CtenlolUa Kit
F-A
116'f,...
Ist
g
33..it>1945
Consol gold 58
Kegistereil
Ist prel income g 5s
'2d prel iiuoiiie g os
3d put lucome g 58
13 102
4
106
104% 109
105
107
N48
P48
Cllic R
it II
it
K N
C*d K la it N
C»a Branch U P Istg4s...l948
Ceil Brancli Ky See Mo Pac
Ceu Kli Ji Hoi Ga col g 5s 1937
!•
103 4
J'ly'04
J'ly'04
J-I)
92 >2 94
94
93
15
110
108
...
'-J
111
83 14 Sale
434
106% 1084
1164118
1164 Mar'04
".J
I
V9
4 J'ly'04
Sale
Sale
IU)>4
107
79
42
".J
Hi
264
111
J'ne'04
S3
44
',
29'.
<fc
Pao
HB 4s. .2002
i4!J;
6.V>4
s;i3j
20,-i'
28
139
18
44
29
"4
I
113
'.iii4
103
1'7
'4
....
«14 ^5%
744 80
85
loo
94 % Salt
95%
91%
91
90 4
I04>l8
102 410.)
110
10934 10.-34
102% 102 4
100% 102'^
103410634
4
10434 105
964..-
100
10034
106 "ti 108
11414.1154
106 4108
105
114
107
115
105% 108%
133^4 ....
II8I4 ....
11441181*
112%116%
11434....
129
129
.
1124.
109%.
109%
108
.
96
129
129
115%....
126% 130
J'ly'04
113 Jly'04
10912 J'ly'04
175 Apr '04
110
llO
109
lri%
110
110
109 4 J'ne'o4
107%
1
109 410i'4
Ill's 13
U)i'4
108
109 175
I
98%May'o4
1164 Apr'03
...
114%...
10
97^ 96%
117% 119% 116 Apr'04
110% Feb '04
115%119
109%111
11534
11434 117
10934 111%
110%...
1114...
11534 J'ly'04
11134 J'ne'04
12734...
137 4J'lv'99
...
115%. ..
10534
106
U0%
,
.
...
1734
May'04
116% 1184
106
106
169 Mar'04
112 4 J'ly'04
107 May'04
106
169
,
tli%
116%
128%
1034
,
,
,
110% ir-
1154J'ne'oi
114>4
128%
116'4
111
128%
117%
l-.i7% 121134
lo4%J'ne'04
102% 105
102%.May'04
102% 102%
96 4 10l>
100
99
lo:-:
N.)v';l8
117
J'ly'04
Ul%118
1114 Dec '03
Ill
169
10634 107
llt"4 11-%
109% 111 '4
112 May'04
114>4J'ly'04
112 J'ly'04
Sale
1124.
lo.i
1124 llJi,
1104J'ly'04
10934
11434
103
100
1
...
11234
110
107
105
108>« llo>a
108%
J'ue'04
ilar'04
J'ly'04
Mar'04'
J'ue'04
lOSi^...
117 ...
10334
Jan
118
J'ly'04
116 ...
106 '4 ...
1074...
114% J'ue'04
114%11'i
1064...
106 Xov'02
1 05 4 May 04
105% Nov'03
1(>54105 4
I0534 ...
106
1034
10934
...
...
...
104
107
106
106
104
104
104%
1074108%
'04
108*4 10.'.%
215 4118
1104...
109411:^4
10934 J'ue'04
I '29%...
1:^714 J'ne'04
1173411912 11734 Mar'04
ViA'-i...
142 4 Feb'O'.
1313^ Dec '03
130%...
117% 118%
lot
Apr'04
Sep '03
lu3
J'ue'04
121% 125
...
122%
1224
104%
100
97
103
109
125
26% 29
1
103
122 4
l05ia
5 120
12
104 'I 104% 108 101
107 Jan '03
.
97
96
93
J'ly '04
^i
90
M»y'04
82
71%
71%
81%
.
.\I-N1
SiUe
10334
10434
97
...
...
95
90
98
^4
1064...
97
96
93
¥0
Mav'04
May04
71% 367
71% 1
82
144
'4
97
ihi
93
90
664 74%
71%
70^4
73
8.">
104% 104^
103% 103%
104% Jan '04
103% Jan '04
9414...
95
I
1221-1
Salt
944.
1913 M-S
CliocOkifc G gen g 58 .ol919 J-J
Hl.)2 M N
Consol gold 5s
1905 J-J
Des -U it Ft D Isl 4s
1st 24s
1905 J-J
1905 J-J
Exteusum 4s
i;t23 A-O
Keokifc DesM lst5s
102
99
162
2002 M N
ltOM)S—i^oiitiiiiiful on >cxl
11-^
1004107
"84
1918
I
10941114
114% 119
107'
834
19M
Coll trust gold 5s
24 10334 112
105 4107
1>I1SC'EI,I.ANE«HJ;^
91
1st 7s. .1907
Reiristeieil
1945 M-N
945 M-N
j)1945 Oct
pi^Jio Oct
;<1945 Oct
Itiiilwuy
Brooklyn itap Tr g 5s
1945
2002
J.^t r.iiind conv g 4s
BkCity 1st cou 5S.1U16, 1941
Bky Co it Scon gu g 08.1941
Bklyii Uii El Istg 4-08.1950
1949
Kings Co El Istg 4s
1951
Nassau Elec gu g 4s
City ct S Ry Ball Istg 58.1922
Con n Ity li; L 1 st ds ref g 4 4s '5
i)eu (;ou Tr Co Ist g 58...193;i
Uen 'rram Co cou g 6s..l91U
Met Ky Co 1st gu g 6s. .1911
Del Cit St Kyi St cou g 5s. 1905
Gr Rapids Ky 1st g 58...al91ti
94
90
109%
103
94
Winouaifc St Pet 2d 78. .1907
Mil L S & West Ist g 6s 1921
Ext <fc Imp 8 fund g 5s 1929
Asliland Uiv Isl g 63. .1925
1921
Mich Div 1st g 6s
190"
Convertible deb 58
Incftmes
1911
Chic Rock Isl it Pac 63. ..1917
Registered
1917
General goltt 4s
1988
Reiiistered
1988
Coll trust Series C 4s .. 1905
1910
H4s
1915
Mis
life
41304
10*4....
Milw c& Madison l8t68..1905
1910
North llliuois Isl 5s
Ott C F <fc St Paul Ist OS 1909
12141214
121 « 124
13334
1-.;7
103
101
1913
1915
Cliicde Nortliwcon37s
1886-1926
Kxtensiou 43
Registered
1886-1926
1987
General gold 348
Registered
pWHl
Sinking fund 6s. ..1879-1929
1879-1929
Registered
Sinking fund 6s. ..1879-1929
1879-19'..
Registered
1909
Debenture 5s
Registered
1909
1921
Debenture 5s
Registered
1921
1933
Sinking luud deb 5s
1933
Registered
98
128
1104 112%
1st consol 6s
105 4105 4
108
119 4122
105 4 Mar'()4
108 J'ue'04
119 4 .Mar'04
lot] '4
MU & No 1st M L 6s.. ..1910
Eat Creelv it » .See Miuh Cent
iieecli Creek /See N Y C & H
Bellov
1074
1114
1 18 4 Sale
1939
1939
Registered
General gold 448
1992
Registered
1 992
Craig Valley 1st g 58
1940
Rife A Uiv l8tconK48..1989
1989
2d cousol g48
Warm Spr V&i 1st g 5s. .1941
Creeubrier Ry lstgug48 '40
ChlCifc Alt RR ref g 38... 1949
MaiLway 1st lieu 3 48... 1950
195u
Registered
Chic B & <4— Ch & la U 58 190.-,
1922
Denver Div 4s
1949
Illinois Div 34s
1949
Registered
1949
(iold 4s
Iowa Div sink luud58..1919
1919
Sill king fund 48
Nebraska Kxtensiou 4s. 1927
1927
Registered
1921
Soulh western Uiv 4s
Joint bonds See Great North
1913
De benture 5s
Han & St Jos cousol 63. .1911
Chic& E 111 Ists f cur 6s. 1907
1934
Isl cousol g 6s
1937
General consol 1st 5s
1937
Registered
Chic <fe lud C Ry Isl 58.1930
Chicago & Krie See Erie
Chic ln& L.<jui8vret6s...l947
1947
Retundiug sroldSs
Louisv N A (feChlat 63.1910
Chic -Mil & St Paul cou 7s 1905
1914
Tenuiual gold 5s
General g 4s series A..el989
Registered
el989
General g 34s series B.el989
1921
Chic tfe L Su Uiv g5s
ChiCife MoRiv Div 58.. .1926
1910
Chicifc Pac Div6s
1921
Chicifc P
Istgos
1916
GtSogSs
Dak&
1924
Far & Sou assu g 6s
1910
DDivlst7s
Hastifc
1910
l8l5s
1908
D
Exten
&
l8t78
I
1919
Lacrosse & D Ist 5s
1910
Mineral PoiiitDiv58
1910
So Alinu Div 1st 6s
1909
SouthwestDlv l8t6s
Wis* Minn Div g53....1921
874 914
924 981-2
S7^ 0214
91%
9114
964
100 14 I03I4
100 103
97
98
102'8
103 >(.
103 .T'ly'04
98 J'ue'04
102
9114
914
98^4 983g J'ly'04
97
certts
9278
9214
% Sale
m-J
P L K & W Va Sys ref 4sl941 .\1-N
«outhw Div Ist g3'28...1925 J-J
Registered
96
Q-J
107%
1
W
<fc
Ohio prior lg3 '28.1925
Registered...
/il925
Gold 4s
/a948
Kegistereil
/iiy48
Couv deb 48
1911
Div Islg 3 "1281925
"|>alt<fe
J
45 J'ly '04
UI3'4
103^0
03 14 J'ly'04
95Hj 96
103 !» Sale
104
107-4
,Jly'04.... 102" io3'-l
102 4
6 100
10J%
1-eh
Ist consol g 58
93-\
101^4
n
ices
1920
& Wllks B Coal 5s.. 1912
Cou ext guar 4 4s
91910
N Y <fc Long Br gen g4» 1941
132% 132% Cent Pacific See So Pacitlc Co
132 4 134
Clias & Sav See Atl Coast Line
111% 11134 dies dt Ohio g 68 ser A../1.1908
Cold 68
01911
marhs
»8
& Hud K gengug58
104
111%1134
108 '4
106% 108
95 4 Feb '02
/oiir
&
lOii'4
lul
10 H4
t97'2J'ly'04
Sale
lOlH
102
l.e
i05"io7'8
J'ly
liiiilroRcl
Albany & Susn
Since
< Jamutrti 1
Ho Low HiffH
92 4 92 4
N J geu'l gold 58. 1987
Regiatere<l
/il987
Dock
Impgu 5s. .1921
Am
J'nc'02
93
t
\
107
105
1
,
His ol
93'4Sal«'
10 1 Hi Sale
JJ
J-J
J-J
J-J
Higli\
l8tg6».1946
194"
Mid Oa<fc Atl Div Ss
Mobile Uiv Ist g 5s
194U
101-'4 100'4
105^4 108
1
*/ luse are pr
Stnte .Securities
^Alabama class A 4 to 5
Lou)
Hannt
g-j
ent ot
104
coil Riiiull boiuls..A.'1'.US
48 ii-«i.sti're<l
« 4« coinion
S 4s re.i.'i8tere<l
y 48 coiipun
!i
•U
106'4Mar'04
ol Qa—( Continued
l)iv piiriiioii g 48.1951
Mac& NorUiv
105 107 '4
106i4l06'4
10o>6J'ly'O4
i-i-J
il'Jl^ ti-F
kl'Jlx ti-K
coupon
ti
rilltuci
104 "a 105
104«i 105
Q-J
y.J
c^J
««
Isj
Oct '03
Oct
Jau
'04
106^4 J'ly'04
ii334
....
5)8
104
4106%
89
92 4
I'aitc
Unilwiiy
.Met St Ky—^ Con^Rel g 4s2002
C0I& 9lh Av 1st gu g os.DJiKi
Le.\ AV it P F Istgii gos 1993
Tliinl Ave RR cou gu 4s 2000
'i'huil Ave Ry 1st g5s..l937
Slri'i'l
Silret'l
A-O 105
106
78 4 Sale
108 110
105
J-J
J-J
M-N
101
78
784
109 J'lie'04
100 Mar'04
106
106 4
9034
88 4
FA
107
F-A
4108
8S% Sale
J-J
83
J-D
J-J
ltl6
Sale
98 " kale
A-O
J
14
823*
97
96
98
J'no'OO
-.J
J-J
100
103
72%
Nov'Ol
•
107% 109
100
100
S2
100
108%
9
79% 85
83-4
J-J
J-D
99 14 106 4
80
105
47
"w"
"'Js"
8 l-;i(Clllc)lstg4a.l!l3>
.Mil Kl Uy <i! L 30.yr g 5s. 1920
-Minn St Ky 1st cou g 5s..l91'.i
Ist gos. 1937
St Jo Ky Lt
St Paul City Call cou g 5s. 1937
Union K.l (Cliic) Ist g 08..1945
United RRsSan Frst4s.l927
United Hys St L 1st g 4s. 1934
ChicSl40-yr cons g 5s. 1936
.Mel
91
1184
117-4
9434 Sale
1184
94
06
110
\S'
H*P
W
91
dOh.
lis 4 J'ly -04
115 4 -May' 04
9434
94 4
J'ne'04
121
1
1044.
110
J'ue'04
Oct '99
J'ue'02
110 J'ly '04
109 4 Dec '99
84% 844 84
79
1154119
116%
93% 96
1114
-t
80
84 4
8034 J'ue'04
Dec '97
66
116
94
121
95
110
110
754
804
841a
81
-J9
liouis Ky Co Istcon g6s..l93t J-J
109 MBr'98
<inM niiii Electric I.ikIk
iiarkelStCKy 1st g 6s. .191;. J-J
.Vtlania G L Co Ist g 5s. ..1947 JI-D
Met St Ry gen col tr g 5s. 1997 K-A 11341144 115
116
4 1124116
5s.l94."i «-N
115%Snle 115% 115%
8 112% 115%
-D 1164...
116 J'ly'04
IJklyu U Gas 1st con
Bway&7lli Avlslcg53 194.
1121, 116
•No pnco Friday; latest price Uua week. aDueJaa d Due Apr e Due .>l»y jUuoj'ue AOuoJ'ly te Due Aug oDue Oct p Due Nov tOptlon s&le
I
s.'
I
Aug.
Bond Kecord—Continued— Paare
6, 1904.J
-..
mce
STOCK EXCHANGE
Week Knijinu August 5
N. Y.
"1^
6ff AtcliT<fe8aFe
See lU Cent
f itts Hee Penii Co
& O con es...l930
Chic St
Cons 6s reduced to 3 "vS. 11)3(1
Ch St P & Miiiu IstgSs 1918
Sot Wisconain Ist Os...ll>mi
St P & S City 1st g 6s.. .1919
Cliirafro Ter Trans s 4R...1947
CliiCifcStL,
Chic St
L&
Cliic St
\j
&
WeeK's
Fridav
Range or
Jiange
Since
Aug
Last Sale
January
5
jt.ak
PM
& W Micli
Low
See Pere
133'4 J'ly'04
1S318.
J
Jiigh
Feb'04
129'4 Mar(i4
'.
.7
-J
ISO's 1S3'4
Dec '03
93
131
J.D
M-K v.iiK
J. 130>«j.
A-O 12334
123''2J'ly'04
74 ',
7334
74 14 Sale
112
130»4l31
129=4 12934
120 12313
12
72
8234
(»
HO
Ill's Apr '04
IIII4
Marq
104V2Dec'03
113 Oct '00
<fe
6'e« C C C & St L
I St L & C
Cin S & C iSfe C C C St 1,
Clearlleld <fe Mali .See B R <«; P
Clev Cin C & St L gen k 48 1993
193','
Cairo Piv l8t gold 4s
Cin W<fcMDivlstg4s.l991
LDlvlatcol
trK4s..l990
St
Registered
199U
J-D
J-J
J-J
M-N
M-N
M-S
SprdtCol Div l8t ?4f(..194()
VaiDivl8tg4s...lU4(j J-J
WW
C St L& C
con.sol 6s..l9'2()
l8tgold48
.../C1936
I
1
/cl93(i
Registered
Cin S& CI con Islg os..l92^
IconsolTs
1914
CCCfe
Consol sinlc fund 7s
1914
General consol gold 6s. 1 934
Registered
1934
Ind Bl &
l8t pret 48.1940
Istpt 5s...(/193.^
O Indcfe
Peo& Kast Ist C0U48...194U
1990
Income 4s
CI Lor <fe Wh con Ist g 58.1933
Clev <fe Marietta iS'eePenn RR
Clev & Mahou Val g 58...iy38
Clev <ft Pitts See Pen u Co
Col Midland Ist g 48
1947
Colorado & Sou Ist g48...19'i9
W
W
& Greenv Set So Ry
& Hock Val See Hock Va.
Conn & Term See N
W
Conn & Pas Riv8 1st g 43.1943
So
6ee
&
Gl
C
M
&
St
P
Dak
alias & Waco 6ee M K & T
eirle
M-N
101
J-J
113i4,J'ly'04
99
10078 102
101
J'ly'04
OS's
J'ly'04
99
102
Jan '04
Dec '02
98 >«
95
93
10612.
101
.
95'% 102
993410114
10
98 1»
98
9934 10234
99
94^2 AUK'03
105 Jan '04
.
99
105
105
J'ly '04
11J0<3 102>2
115i4J'ne'04
110(3ll5»,
102
ly
10112
i'ii»4
J-D
^7alH& H
128 "a.
J'ly '03
128
Mar'04
128" i28"'
.
W&
W&
/^alHar<&SA
A-O
i'ii'h.
J.J
114
J-J
FA
tsa'^
93 Sz
62
99
99
62
62
112»aFeb'04
61
Sale
60 "ii
83i«
&
Registered
Extended l8tg3>38
Ist gold 3ssterUng
CoU Trust gold 48
J-J
Construction 5s
1923 F-A
1923 M-N
SjT Ring & N Y 1st 78. .1906 A-O
Warren 1st ret gu g 3 "38.2000 F-A
Del & Hud Ist Pa Div 78.1917 M-S
Registered
1917 M-S
Alb<fe Sus Ist con gu 78.1906 A-O
Registered
1906 A-O
Guar gold 6s
1906 A-O
Registered
1906 A-O
Rens & Saratoga 1st 78.1921 M-N
Registered
1921 M-N
Del Riv RR Bridge See Pa RK
T)euv <fe R Grist con g 4a. 1936 J-J
Consol gold 4^28
1936 J-J
Improvement gold 5a... 192^ J-1)
West
BioGr
l8tg 43.. ..1939 J-J
Consol and col trust 48 1949 A-O
UtaliCeullstgug4s al917 A-O
Rio Qr So gu See Rio Gr So
Den & S West gen s 1 g 5s 1929 J-D
Des Moi & Ft D 6'ee R <fe I P
Term & improve4s
Des M & Minn 6ee Ch &
W
DesMoi Un Ry Ist g 68. .1917
Det M & Tol See hS&U So
13U^'i,.
I'^O^
.
129
II2I4-
63>4
89 "3
J'ly'04
114i-2J'ly'04
103 Sj J'ly'04
108^4 J'ly'04
102 Feb '03
13334 Mar'04
.
136^4
134 14
107
105
101
106
106
100
«9
90
149 Aug'Ol
106 J'ne'04
122 J'ue'99
104 May'04
103 Apr '04
142 J'ly'04
147'2J'ne'02
,
.
Sale
100 "4
109
106
104(4 J'ly'04
i-j
Sale
106
9934
39I12
90
101 14
106
100
J'ly'04
j)7
Jan
24
Hay'04
127
Mack
<fe
KC&MR&B
Gold 4s
1995
Det Sou Istg 4s
1951
Ohio Sou Div Istg 4s. ..1941
Doicte iron Range let 5s.. 1937
Registered
J 937
2d 68
1916
Dul So Shore cfc Atl g 5s. .1937
East ot
ast
Knoxville
M lu u
Ten Va <fe
P M <& M
Ga 6'ee So Ry
J-D
J-D
M-S
A-O
A-O
J-J
J-J
IW-N
MS
M-S
A-O
J-D
MS
Registered
1996 JJ
xsl consol geuUen g 48.. 1996 J-J
Registered
1996 J-J
Peuu coll tr g 4s
1951 F-A
Bull
Y&
Erlel8t78..1916 J-D
& S W gohl 6»
190« J-J
& Krie Ist gold os.. 1982 M-N
R R Ist gu g 58
Long JJock consol g
Jelt
RR
909 A-O
1935 A-O
rtl
68..
MK
Ist cur gu 6s.l92'J
Dock <fe Imp let cur 6s.. 1913 J-J
Y <fc Green L, gu g 58.194(; M-N
is' Y Sus
Isl ret 58.1937 J-J
2(1 gold 4'-j8
1937 F-A
Coalifc
N
&
112
401.2
100
92(3 94 14
37
45
66(3 84
J'ly'04
78
78
11138J'ne'04
114'2
W
General gold 58
1940 FA
Terminal Ist gold 6s. 1943 M-N
Regis *5,000 each.. .1943
Mid RRof N J l8tg«8.1910 AO
\Vllk<fc Eal8tgug58.194'2 J-D
. .
116
1 1
Jan
1
116
M-N
lal oousol gold 78
19i!0 M-S
Ist consol g fund 7s
1920
Erie Ist con g 48 prior. .1996 J-J
ButtN
38
78
112
112
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10934 112(3
'04
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111
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Elm Cort <fc A o See Leh & N V
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1947
2dextgold68
1919
3d ext gold 4 H2S
1923
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19ii0
192,x
5tb exl gold 4s
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95
41
79
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J'ly'04
113
116
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114
114
114
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f
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latest bid
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J-D
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1950 A-O
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1931
5-20-yr col trdeed g 48.1!I23
191".t
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110>3 lll»t
lis
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112(4 115
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112
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10334
J'Iv'04
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114i3J'ly'04
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101 '8 J'ne'04
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.Next I'nxc.
1
Kifibt
Ist 4s. .1927 M-N
Peoi) Ga.t
Y G E L H <fe P g 5s... 1948 J-D
Purchase tnoiiey g4a...l',(49 F
Ed El 111 Isl coil V g 58.. 1910
S
lat consol gold 5s
1995 J J
Milwaukee
65
54
178 '4 Sale
95 13 9614
173 14
Hi's
O6I3
961s
106 J'ne'03
95=14
17234
17334
N
Yd;gEl
X Y
112
Nov'0«
0113 Oct '01
8813 91
105"
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90i3J'ly'O4
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105 14
Die
'00
i()378 1051.,
J0.">(4
120'6J'ne'04
9418 J'ne'04
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10734
90 H
88
10,4
ud asked this week, a Dae Jan
1 1
7
1.J
0338
14 105
b
1
20
L
>>.
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ft
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1
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91
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9014
13
00 •«
t,ee
con g 581930
g 5s.l9'.'l
Peo Gas ik C Isl. gu g 68.. 1904
'Jd guar gidd lis
1904
iHl con gold t.8
1943
Refunding gold 5s
1947
ClUi-L.bCke lstgug5R 1937
(;<iii G Coot Ch 1st gug5a.'3i>
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Trenton G <te El lat g 58. .1949
.V
II212.
(ias
Fuel L.an Co
M
98
t
"
M-N
NorSliB Istcou ggu58ol932 QJ
Louisiana & Ark Ist g 5a. 92" M-S
Louisv <fc Nashv gen g 68.1'.I30 J-D
Gold 58
1937 M-N
UuiHed goUl 4s
194( J-J
Rognatered
1940 J-J
.\lut
Con.xol ( jas con v d eb 6a
Cou (jas Co See P G
&C
63
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& C Co
1
J-J
J-J
J-J
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10734
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1949 ;vi-8
Bklyn & Mont Ist g 68. .1911 M-S
lst58
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N Ycfc R H l8t p 5s. ....1927 M-S
95 »4
110
lUIiSCKKLANEtlLIH
mill Electric LIkIii
Buttalo Gas Ist g os
1947
108
M-S
gold 5s
Istconsol gold 48
General gold 48
Ferry gold 4(38
Gold 4s
113(3 11834
n3SiJau'04
114'fl
J-J
J-J
J-D
J-D
J-D
J-D
J-D
1941
North Ohio Ist gu g 6s. .1945
LSho&MichS .S'ee N Y Cent
Lehigh Val (Pa) coU g 58.19t(7
Leh Val N Y Ist gu g 4 (38.1940
Registered
1940
Leh V Ter Ry Ist gu g 5s. 1941
Registered
Iii41
Leh V Coal Co Ist gu g 58.1!»33
LehdfcN V Ist guar g 48. .1945
Registered
1945
K1C<& N Isl g Ist pt 6s. 1914
Gold guar 6s
1914
'2d
125 "-4 126>4
120
106 Aug'02
132 Apr '04
118 J'ly'04
113''^Nov'03
1 08 1^ Jan '04
111 J'ly '04
99-'4
Hi
8534
SH34
90
10278
M-S
Lake Erie&W Istg 58. .1937
963« 100 '4
Sale
9013
10278
Leh & Hud R mee Cent of N J
111 114(3 Leh <fe Wilkesb See Cent of N J
Leroy & Cauey Val Sec Mo P
131»sl35H, Long Dock See Erie
Long Isl'd— Ist con g5s./il931 Q-J
Aug'03
98^4
99
98>^Jau'04
9738 38G
97
'a.
SeeStL&SF
Kentucky Cent see L &
Keok & Des Mo See C R
100
100
92 12 J'ly'04
Sale
9534
963b
10278 Sale
Kan C & Paciiic 6'ee M K & T
Kan City Sou 1st gold 38. .1950 A-O
Feb'Ol
111
100
&3ia
71
104 13
J-J
1923 J-D
Registered
M-N
Ist lien g 48.1995 J-D
1041a
9714 Sale
FA
4s. .1951
W
36
107
J'ne'04
J-J
Q-J
1951
1951
1951
1951
1951
1951
1951
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1931
13334 137>4
St L Sou Ist gu g 4s
Ind Bl<fe West 6'eeC;CC&StL
Ind
Dec
&
Ist
5s
1935
i05»8i08"
g
Ist guar gold 58
1935
Ind lllcfe la Istg 4s
1950
104 106
103 103
Int<fe Great Nor Istg 6s.. 1919
1909
142 142
2d gold 58
3d gold 48
1921
Central
gold
.1938
Iowa
Ist
5s.
Relundmg g4s
1951
18 9634 101 14
IO4I4I04I4 Jerterson RR see Erie
103 10613 Kal A & G R See L S & M S
an & Mich See Tol & O C
94 101
K C Ft S & M See St L & S F
83
90
24
107
10134 104
FA
Ist g 48. ..1932
O g 5s... 1951
L&
(-2
'02
107
10413.
J-J
J-J
1921
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N
Registered
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Registered
12934
mils
100l4l03>3
10814 10978
>.'
Det
Western Lines 1st e
Bellev Ac Car 1st 6s
Carb&Shaw
11
120
1053*
A-O
J-J
J-J
J-J
J-J
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112'%112«8
127 Va 130
128^8 133
1-281^
.
103 "2
108 '8.
101
10234 IDS
A-O 104
A-O
M-N 101
M-N
J-D lt)4
LN
Registered
112»8Jan'04
130 J'ly'04
130 J'ly'04
140 Occ '98
116
105 Mar'9ft
1031310414 104 13 J'ly '04
82 Sale
82
82
MS
Registered
Gold 3(38
.
Uiii/K
120 J'ne'04
10534 J'ly'04
112 J'ne'02
J-J
A-O
1952
1952
O&Tex gold 48.... 1953
1953
Registered
1950
Cairo Bridge srold 48
IiouisvilleDiv gold 3(38. 1963
Registered
1953
116
A-O
129 ^.
High No Lmo
Low
J-J
1951 J-J
1951 J-J
1951 A-O
1951
DivregSs
St Louis Div gold 3s
111^4
January 1
Houst & Tex Cen See So Pac Co
Midille
1915 J-D
20UU J-D
W 1st 6s...l9'21
of
W
65
56
82
G<)\
BS^
<«
Han
100
116
Bid
Ask
11786120
99
106 ....
*
W
n2'all2'3
Feb'04
116
.
95
58
5
SeeSoPacCo
Ist gold 313S
99
Aug
103 •<.
J-D
1882 1st 5s. 1913
Georgia & Ala See Sea A Line
Nor
See Sea A Line
Car
<fe
Ga
Georgia Pacitic ib'ee so Ry
Gila V G <fe Nor iS'ee Bo Pac Co
Gouv <fe Oswegat See N Y Cent
Grand Rap& Ind 6eePenn RR
Gray's Pt Term See St L S
Gt Nor— CB&Qcoll tr48 1921
1921
Registered, h
Greenbrier Ry <See Ches & O
G\ilt<fcSIlstref<fetg5s 61952
See C B & Q
<fe St Jo
ousatonic See N Y N H <fe H
Hock Vail St consol g 4 I3S 1 999
1999
Registered
Col & H Vlstext K4S..1948
Tex See So Pac
Houst E &
(^•J
Apr
A-O
Range or
Last Sale
fVidav
J-J
iUinois Central Ist g 48. .1951 J-J
1951 J-J
Registered
104i^Noy'01
A-O
Lack& Western 78. ..1907 M-S
Morriscfe Essex lsl7s... 1914 M-N
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1915 J-D
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A-O
A-O
A-O
.
120
J-1)
J-J
J-J
IIII4II314
102
10134 101
IOOI2 100
ya
Q-F
Del
NY
Penn Co
See
Pitts
& T H Ist cons
J-J
<fe
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Istref gu g 3'2S
&
^
=;a.
68.1921
1942
gold
1923
Ist
68.
Vernon
Mt
Sull Co Branch 1st g 58.1930
Istcou
gu
g68..1926
Ind
Ev&
{-"argo & So 6ee Ch M <fc St P
See Pere Mar
lint<fc PereM
Fla C & Penin See Sea Air Line
4(38.1941
Istg
DCo
Fort St U
Den C Istg 6s. ...1921
Ft
1st
RioGr
g 4s... 1928
Ft
Colum
Col
Col
«<
Jiange
Since
Weelc's
?-2
1st general gold 58
,Se«CRI&P
D oonsol 8 I 78... 1905 A-O 101 >a.
19;<7 J-J
2(1 gold 448
Cin D & I l8t gu g 58. ..1941 M-N 113^.
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Uiyh
"a
noNU.-s
STOCK EXCHANGE
WEEK ENUINO AUGUST 5
N. Y.
Evans
Choc 0<fe Gulf
CiB
Low
NO
ciucifc Wi-sl Indfreu K6s)/19:j',i
Chic
615
2
=
-
:
.
F A
st
1st
Duo Feb d Due Apr «Due May A Due
J'ly
A
M
93(3
IO514
118
9334
10534 J'ly'04
20 19 J'ue'04
1
Mii>d4
Mar'ol
101
N
100
100
N
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10214
10134
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124(3
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107 J'ly '04
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106
105
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94
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109
94
109
04
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101
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Mar'04
Apr'04
87 "s 00 1«
4;
19 105'^10!>i4
81
...
96 (-a
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5 (4 llJOi-i
111
100(-.2lo-J
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103
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104
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101
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Due Oct
g
Feb '01
Due Deo fOvUon«a>»
7
)
;
6iG
Bond Record— Continued— Page 3
nONDS
STOCK EXCHANGE
Week Ekiuno aooust 6
N. T.
s^
WeeICi
a
Frldau
Aug
.
'4
119
MS
MS
126
AC
Nor A Mont lHtgug5s.l91(;'A0
West Shore Ist 48 gu... 2361 J-J
89
94
Lake Shore gold
91
L N A A Oh AVe C A L
Mahon Coal See L S A M S
Registered
118
117
Ryconsol48.1990 A-0
1990 AC
1908 J-J
Coloniz g 6s. ...1934 J-D
McK'pt A B V Seeti Y Cent
Metropolitan EI See Man Ry
Hex Cent consol (rold 48..1911 J-J
1st consol income p 38.al939 J'ly
2d consol income K38..al93y J'ly
Koiiip A coll pold 53
1917 A-0
2d series gold 5s
1919 A-O
Ko>rl8tercd
Metropol El Ist r 68
ManSW
1st .Ser....l907
i^2i*
105 4 Sale
10558
Dec '02
C8..
107l4llO't5
48-
Registered
621,.
62 Hi J'ly '04
13^4
\i^
.
9
93
71
14>a
J'ly '04
91
M A
AN
MStPASSMcong4iiitgu'38
M A P 1st 5s stpd 4s int gu 1936
M S S M A A 1st g 4 int gu 1926
Minn Un See St P M AM
Mo Kan A Tex
1st g 4s... 1990
138
J-D
M-N
M-S
J-D
gold 4s
(/1990 F-A
Ist ext gold 5s
1944 M-N
St L Div 1st ret g 48.. ..2001 A-0
Dal A
Istgu g 5s. ..1940 .M-N
Wa
Kan C A Pac Ist g 4s. .1990 FA
Mo K A E Ist gug5s...l942 A-0
MK ATofTl8tgug5s.l942 MS
SherSh A So 1st gu g 5s. 1943 J-D
.
Missouri Pacitic 3d 7s
/
.
1906
Ist consol gold 6s
192U
Trust gold 5s stamped. al91
Registered
ol917
Ist coll gold 5s
1920
Cent Br Ry Ist gu g 48.1919
LeroyAC VALlstgSs 1926
Pac R of Mo Ist ex g 4s. 1938
2d extended gold 58. ..1938
St L Ir MA Sgen con g 581931
Gen con stamp gtdg 5s 1931
Unified A ref gold 48.. 1929
Kiv
/
M-N
M-N
.M-S
J-J
LA
MAO
Mohawk
I
TAP
W
LAN
Natof Mex
J'ly '04
110
J'ne'04
1077,
91
95
106 14 106
953
94
100
10334 10878
917e 96
96
96
Uli2Mar'04
91 Feb '04
112
94
I2114
II312I15
J-J
J-J
J-J
II312
11214
II312
ANP
AW
OInd
hio River
J-J
1997 J-J
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;
I
Debenture 6s
O CF
120 I24I2
IIOI2II5I4
9978 lOOV
1001,
MS
,
FA
FA
991a
'997,,
103 12
78
100
73
50
99 i-j J'ne'04
10134 j'ne'04
10074 Apr'04
lOOSjMar'Ol
0038 Mar'04
99 Dec '02
9934 May'04
1
9634 10134
98
100
9978
10238
10034 10078
10012 1001a
100 10038
86
86
80 14
893gJ'ly'(,4
89 H)
891*
Jan
i«
93 12
104
iO(5ii
Mar'04
102
102
I
Convertible deb g 5a
Trust Coctfs
1911
FA
Gr RivCoal A C 1st g6s..l91i» A-O
Jed A Clear C A 1 Ist g 5s. 1926 J-D
2d gold 5s
1926 J-D
Kan<fc H C A C 1st s f g5s.l951
Pleas ValCoal 1st gs f 58.1928
BochAPitCA 1 pur m 5s. 1946
Tenii Coal gen 5s
1951
Tenn Div 1st g 68
al917
\
55
105
75
73
103
104
103
7IV2
72
102i2J'Iy'o4
107 Miiv'97
105 105
95 '4 100
69
79 la
1
691.J
IO212I02I2
;"92"'
J-J
A-O
Nov'OO
Jrar'04
9934 J'ly '04
74 J'ly '04
102i2Oct '03
106V4Feb'02
105 Oct '00
J-J
J-J
M-N
i((2"
92 J'ly '04
106 Apr'Ol
SalV 108
108
102 Dec'03
Sale 1011.
102
71i2J'ly'04
71
32 Jan '00
114
Feb '02
121
139
Jan '03
121
llTig
,
10134
la
NoT'03
,
IIII2
121»8
121
104 «8
09 \ Apr '04
109'>b112'*
121=8 J'ly '04
121 J'ly '04
IO6I4 J'ne'04
121 "^122
121 121
105 la 10614
lOeiaNov'OO
97
60
100
96i«M»y'04
II3I2
118
87i«
90>4
100
Sep "03
13
II9I2 118
Apr '04
113
J'ly '04
Jan '02
II634II634
11334
115««
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104 14 Apr '04
IO4I2 105
Mar'04
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.105
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104
10234 105
101
Sep
101
.
103 7e Sale
IO314
101
101
12734
1017el0l7g
'03
40 10012 104
1037l
Dec '03
100
112i2Apr'04
Aug'03
Nov'03
HI
130
127
....
124ial26
132
1321a
1011410112 lOlSg
1323,
10134
9934 J'ne'04
93 12
9334
"9334 Sale
108 12
,
102
102
1 05 ^a Sale
103
7li4Sale
loo's
IO512
7134
9634
9934
9934
871a
94
99I4IO2
lOlVjlOSia
101 1041a
7014 75^8
6834 723^
97=8 97*^
7238 J'ne'04
9708 Jan'04
,
123
118
25
104 14 J'ly '04
74 Is
7478
,
112V,
125 14 13234
961210134
107iaJ'ly'01
lOHa
122 14 Mar'04
132 J'ly '99
112i4J'ly'03
12214122^
105i2Apr'04
961a Nov'03
90 J'ly '04
113 1-2 May'04
1051a IO8I4
85
111
1131a
110
109
HO
108
J'ly '04
J'ly '02
110
110
1081a.
109 14 J'ly '04
106
110
1021a.
102 la J'ne'04
102 Apr '02
IO8I2 IO8I2
10534 J'ue'04
102 Nov'98
92 14 Dec '03
102>al02>9
.
.
J-D
Q-M
J -J
Ill
A-O
.
90
Bimi Div Ist consol 6s.. 191 JJ 108
Cah C M Co 1st gu g 68.1922 J-D
DeBarC A I Cogug6s.l910 FA 102
Va Iron Coal A C l8tg58.1949 MS 69
WhLK A PCCol8tg68.1919 J-J
•No price Friday; latest bid and aaked this week, a Due Jan
92
102 106
101ial08
A St L
CCC
St
P
See
C
AN
Ne.vl
Tclcffi'npli Rn<l
Am
108
105
6
Due Feb
,
1114
IIOI4
108
10534 108
J'ly '04
9579
118
118'aJ'ne"04
"a
98
HSHj
IO8I4 Aug'03
11254
95
94
96
102
9314
93I4
9534
Jan '04
Nov'OO
96
Apr'04
9834 "9831
103
96
UOia
rio"4""i"roi2
108" iVdii
110>a
1081a
103
911a
12018
110
10934 111
119\
121
119
121»8
104
"a
Mar'04
1161a Feb'Ol
102 J'ly '04
9134
913,
127=8 Oct '02
108
la
ioii^io'i"
90
92
Mar'04
Apr'04
121 121
119 119
104 la 107 "a
10712 Mar'04
aae
I'l
Telep A Tel coU tr 4s 1929
Cable Co 1st g 4s. .2397
Registered
v
2397
ErleT ATcol trgs f 5s. .1926
UetT A T 1st s f gos
1918
N Y A N J Tel gen g 6s.. 1920
No Westn Teleg See West Un
West Union col tr cur 58,1938
Fd and real est g 412S...1950
Mut UnTel s fund 6s.. .1911
Northw Tel gu f 4 las g. . 1934
J-J
Q-J
n
M-N llOlfl.
M-N 105
94 J'ne'04
96 Vj lOOiaApr'02
lOOiaOct'OO
109 Oct '99
J.J
M-N
M-N
J-J
107
"a
104
107
101
90
10934 J'ne'04
94
109»4 109»4
lOoi^J'iy'oa
.
IOSI4
IO8I4
10413 104 14 104 S,
107 J'ue'04
103 103 Jlj'04
105
108»«
1014105
107
100
107
10334
&:' Iiiiliistrial
Am Got Oil ext 4ias
1915 Q-F
Am Hide A L Ist a tg6s..l919 M-S
.\m Spirits Mfg 1st g 6s.. 19 15 US
Am Thread 1st col tr 48. ..1919 J-J
Bar A 8 Car Co Ist g 68... 1942 J-J
e
98
11712
9134
100i-jl05i2
661a 73
Sale
la
9134
9138
0734
Telephone
Comm
>Ianuf actiii'ing
la
W
W
9II4
'03
J'ly '04
A
nilSCElJ^ANEOUS BONUS—Continued on
Con nnd Iron
Gol C A I Dev Co gu g 58.1909 J-J
Ool Fuel Co gen gold 6s. ..1919 M-N 103
Col F A 1 Co gen s f g 53. .1943 FA
9 7 Hi
101
101
llO-a.
lOGis.
951a.
881a.
PA
9912 10116
!l9i2Nov'02
91 12
93 12
91
105
102
F-A
Q-F
F-A
1946 J-D
Missouri See Mo Pac
Panama 1st s fund g4i2S..1917 A-O
Sink fund subsidy g6»..1910 M-N
Penn Co— Guar 1st „
g4i2S. 1921 J-J
Registered
1921 J-J
Guar 3 las coll trust reg.1937 .MS
Guar 3 las coll tr ser B...1941
Tr Co certif'sgu g3i28.19i6 i\i-N
C St L A P Ist con g 58.1932 A-O
Registered
1932 A-O
CI A Pgengug4iasserA.'42 J-J
Series B
1942 A-O
Scries C 312S
1948 M-N
Series D3ia6
1950
Erie A Pittsgug3i23 B.1940 J-J
Series- C
1940 J-J
N A C Bdge gen gu g 4 laS 1945 J-J
P C C A St L.gu 4I2S A. ..1940 A-O
Series B guar
1942 A-0
Series C guar
1942 M-N
Series D 43 guar
1945 M-N
Series E Siaguar g
1949 F-A
Pitts Ft
A C 1st 7s. ..1912 J-J
2(178
1912 J-J
3d 7s
711912 A-O
Penn RR 1st real est g4s. 1923 M-N
Consol sterling g 6s
1905 JCon currency 6s reg...ql905|Q-M
1131211312
113 113
39
See
Coast Co 1st g 5s
Pac
ac of
107 12
..1884-1904
102
Registi-red
1884-1904 M-S 101
Regist deb 5s of... 1889-1904 M-S
Debenture g 43
1890-1905 J-D io6% !!.".';
Registered
1890-1905 J-D
Debt certs ext g 4s
1905 M-N lOOi,
Registered
1 905 M-N
IOOI4
Lake Shore coll g 3 "28... 1998 F-A
9134 Sale
Registered
1998
90
Mich Centcoll gS^s
8yi<
1998
Registered
1998 FA
89
Beech Creek Ist gu g 4s. 1936 J-J 105i«
Registered
1930 J-J
2d gu gold 5s
1936 J-J io734" ;.".".;
BeecjiCrExt 1st ^' 3 '-jsMOSiIa-O
of.
Q-J
q.j
Q-F
Q-F
J-D
J-D
RR 1st g 5s. 1936 J-D
General gold 5s
1937 A-0
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pac
Ore Short Line See Un Pac
Oswego A Rome See N Y' G
•
I
10e>al09>a
106 la 108^
98 1(J0»4
98
98
98ial01»4
M
124i2J'ne'04
115
115
113 Dec '99
113i2J'ue'04
113 J'ly '04
IO212IO412 I03i2a'ne'04
75
76
7514
7612
10134 Sale
10178 Apr'04
lien g 48. .1997
Registered
1997
General lien gold 3s
a2047
Registered
a2047
St Paul-DuJ Div g 4s. ...1996
91 14
Registered
1996
96
C B A Q coU tr 4s See Gt Nor
StP
gen g 63.... 1923
Registered certific's..l923
IIII2IIII2
St Paul A Dul 1st 58. ...1931
91
91
2(1 5s
1917
1st consol gold 4s
1968
12334 121; I2
Wash Cent 1st g4s
1948
121 130
Nor Pac Ter Co 1st g 6s. .1933
94I2 Nor Ry Cal See So Pac
90
II312II4
Nor Wis See C St P
AO
881a 92 12 Nor A Mont See N Y Cent
1251412712 125 ig 1251s
119 ...
121
Apr '04
95I2...
94 Si J'ly '04
1111-2...
ll3'2May'04
91 ...
9212 J'ly'04
96 ...
98'aNov'03
1073«
107 107», 107i4J'ly'04
100 la Sale HWa iOOla
98 Apr '04
131»4Apr'03
101 10318
109 12 114 '2
11138117
IOII2
lOoiaNov'Ol
10734
1231a.
Nor Pac— Prior
103
Sale
J-J
A-0
106
94
May'Ol
1
High
lM\B
Apr '02
95
10136.
10078
Ist 78
N Y A North See N Y C A H
N YO A Wref Istg4s..ffl992 M-S
Regis $5 000 only
M-S
N Y A Put See N Y C Afirl992
H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
Nor A South 1st g5s
1941 M-N
Norf A West gen g 6s
1931 M-N
Improvem't A extg6s..l934 F-A
New River 1st g 6s
1932 A-0
N A W Ry Ist con g 4s. 1996 A-O
Registered
1996 A-O
Pocah C A CJoint4s..l941 J-D
CCATlstgug5s
1922 J-J
ScioVANElstgug48l989 M-N
North Illinois See Chi A N W
North Ohio See L Erie A W
80
83 12
102
86
90
10612111
99 1053,
100 103
10634 109 12
11838l223g
104 108
122
108
A-0
107i2J'ly'00
105 Oct '02
con g 5s. .1918 M-N
1905 J-J
1905 J-J
NYANE
1st 6s
99
102
105 Hi
102
High
New Hav & Hart^
R con g 5s. .1937 M-N
Housatonic
N H A Derby
9612 10034
75 12 81
9812 10438
J'ly '04
Is J'ne'04
11378
11375
11612 117
10934 Oct '03
8978
91
95
953e
A-0
prior lieu 4I2S.1920 J-J
Ist consol 4s
1951 A-O
New HAD See N Y N 11 A H
N J Jnuc RR See N Y Cent
New & Cin Bdge See Penn Co
N O A N E prior lien g 6s »1915
N Y Bkln A Man Bch See L I
IN y Cent A H iUv g 3'2S.1997
90
1071-j...
llO'^Sale
00
103 12
12178
>ij
]
8OI2
105
102
108
122
A-O
A-0
(
I
87 Ni
110
105 10512
102 .
107 Is..;
10134 .
11373 Sale
FA
.
Ist consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
McM M A Al lst63..1917
Braiicli 1st 6s
1917
Nash Flor A Shef ,Sec
NoT'Ol
99
BatCAStarl8tgug3s.l989
J-D
N Y A Harlem g 3128...200O M-N
Registered
2000 M-N
N Y A North 1st g 58. ..1927 A-O
118
98
951a
83i2J'ly'(M
102 Jan '04
8334
J-J
FA
J-J
Mortgage gold 43
1945 J-J
.Mob J A K Gist cons g58. 1953 J-J
Mob A Ohio noTC gold 6s. .1927 J-D
Ist extension gold 6s.. A1927 H-3
General gold 4s
1938 M-S
Montgom Div 1st g 5s.. 194 F-A
St
Cairo coll g 4s..el9a0 y-F
Guaranteed g4s
1931 J-J
coU 4s iS'ee Southern
!
831-2
J-J
A G Divl8tg4s..]933 M-N
1933 M N
V I A W 1st g 5S.192G M-S
A Mai /SeeNYC&H
Monongahela Riv iSee B A O
Mont Cent 6'ee St P M A M
Morgan's L,a A T See S P Co
Morris A Essex See Del LAW
^f ash Chat A St L 1st 7s. 1913
103
9934
100
106
93
101
Mob A Blnii prior lien g5s 1945
i
9934 Sale
J'ly '04
78 sale
78
102 "^10334 103
113
86
January
NYALongBr See Cent of N J
NYANE
*e«NYNHAH
New York
I2OI2I20I2
9GI4
99
M-S
FA
Dec'03
Dec '03
96I4
'9(i"
Registered
Verdi
11238
120i2Peb'04
121
Jan "02
118
118
J-J
J-J
J-J
2(1
''
142
.
1951 M-S
1952 M-N
R WAOconl8text58.?il922 A-O
OsweA R2dgug58...el915 F-A
R WAOTRlst gu g 58.1918 M-N
Utica A BlkRivgug48.1922 J-J
N Y^ Chic A St L let g 48.1937 A-O
Registered
1937 A-O
N i A Greenw Lake
Erie
N Y A Har See N Y CiSee
Hud
A
N Y Lack AW See D L A W
N Y L E A W See Erie
96
ioo'Muy'OO
11838.
II8I4.
11278,
118
S Ist g 3128
Ist g 3128
Vi
1634
934
9234 J'ly '01
9089 J'ly '01
88
LA
J
Mid of
lovfa Ex Ist gold 7s
1909
Pacific Ex Ist gold 68. ..1921
South West Ex 1st g 78.1910
Ist consol gold 5s
1934
1st and refund gold 4s. .1949
inn
St L gu See B C R
1931 M-S
1931 Q-M
1940 J-J
1940 J-J
Registered
Atk Low
127
126
113
1934 J-J
McKee8ABVl8tg68l918 J-J
Mich Cent 1st consol 68.1909 M-8
71 lOlHi 10588
110'8rne'04
FA
N J See Erie
MU Li S A W See Chic A N W
MU A Matl See Cliic A N W
MU A North See Ch M A St P
Minn A St L, 1st gold 78. .1927
05 V,
103^8
1
107'4
Mex Internal 1st con g 4s. 1977 M-S
Stamped irnarant^'ed
1977 M-S
Mex North 1st gold Gs
1910 J-D
Mich Cent See N Y Cent
[
Mahon C'l RR Ist 58..1934
Pitt8McKAYl8tgu68.1932 J-J
2d guar 6s
anlinttaii
Coll tr p
KaAAGRl8tguc58.1038
98'v
Hj
1997
J-D
J-D
M-S
F-A
J-J
J-J
Since
Lait Sale
107»4 108
2361 J.J
3 138.... 1997
Debenture g 48
1928
Det Mon A Tol Ist 78.1906
177'a
I
Bid
JD
99 ••2
115
115
112
--J
i-j
.
_L
Sange
liange. or
Aug 5
Clearr Hit Coal lata 148.1 940| J.J
Registered
>
tYidav
GouvAORwel8tgug58 1942 J.])
Moh A Mai l8lKUg48..199i;M-S
N J June R gu lHt4H...19Si;lFA
N VAPul8tc<jngug4H 1993' A-O
122
WetVt
Price
N. Y.
7
9714
.
I
•e
STOCK EXCHANGE
WkKK E.VniNO At.'OUBT 5
No Low High N^^ f'ent A H \i—(
Continued
Cart A Ad 1st gu g4s...l981
123
Since
55* Januari/
(fr
[Vol. lxiel
BONDS
Hange
Range or
Last Sale
6
i<HHhv—( Continuf a J
Hid
Atk L(yw
Jligli
LCln* LexpoM4'-iS...19:n M-N 107 >8.
IO8I4 Jau'()3
JfOAM 1st gold (i»....l'.l30 J.J 126
12314 J'ly '04
,KO A M LM ,n<U\ (In
I'.tSO J -J
122^4 AnK'03
Pensncoln I)lv ki)1i1G8...1!»20 M.R iVc"
llG3h.Mar'02
8t LDlv l8t i?olilG8
l'.)21 M-S
121 "a.
122 Apr '04
2(1 {fold 3h
19H0
74 S, 76 J'ue'
Hendpr Bdjrc Ist sf k6.h.1!)31
106
1 1 3
NoV99
Kentnckv Cent pold 48. liiHI .r-j
99
99
09
I.& N A M .t M 1 8t J? 4 Hjm 1 94f M-S 108»8ll0 107ii2J'ne'O3
I, A N-South M joint 48.1952 J.J
yiHi
94
94
B<\)rl8tered
1952 J-J
NKlaA 8 l8t(!rn k 58. ..1937 F-A 114
1 17
J'ly '04
Pens A Atl 1st pii K (is. .1921 FA
1 1 4
115 Jan '04
8 A N Ala con en K 58..193t) FA il4' 116 117 J'ly '04
Sink fund poldGs
1910
108
110 Mar'
li A Jell I5dgeCo)niK48..1945 M-S
98
93'aJ'ne'04
Ix>u1hv
J
Due May jyDaeJ'ne A Due
J'iy
96
85
Is
Sale
86
87
8OI4
807j
93 J'ly'04
S5
8534
85 la J'ly '04
8078
105
p Dae Nov
t
40
807g
Jan
Option
'00
sale.
9978
8534
83
81
1
.
Aug.
G,
Bond Record— Concluded—Page 4
1904.J
BONUS
STOCK EXCHANGE
Week Endwo Acgust 5
I>enn RR—C Continued)
N. Y.
!.
s^
^a.
MS
MN
DKBR
f
<fe
Bge 1st gu 4s g.'36 F-A
Gr K & I ex Ist gu g 4 "^s 1941 J-J
Sun <fe Lewis Ist g 4s... 1936 J-J
"U N J KB & Can gen 4s. 1944 M-S
Pensacola <fc Atl See L & Nasli
Peo & East See C C C <fc St L
Peo& PekUn Ist g 6s.. ..1921 Q-F
bl921 M-N
2(1 gold 4'28
PereMarq-Ch& W AI 58 1921 J-D
Flint*
PMgOs
1920 A-O
1939
Ist consol gold 58
Pt Huron Div 1st g 58.1939
SagTus<fe H Istgug 4s. 1931
Phila & Beading cons 78.1911
Pine Creek reg guar 63. ..1932
Pitts Cin & St L See Penn Co
Pitts Cleve & Tol See B & O
See Penn Co
<fc CU
Pitts Ft
1922
Pitts June Ist gold 6s
Pitts & L Erie 2d g 5s...al928
Pitts McKees <fe Y 6'feN Y Cen
Pitts SlKfe L E Ist g 68.. .1940
1943
Ist consol gold 5s
M-N
A-0
& West See B & O
Y & AsU 1st con 5s. 1927
Reading Co geng 4s
&
Pitts
See
Lotu
98 >e
Dec'03
Aug-03
9734
98
102 Nov'97
112*4 Mar'OO
104 ifi.
98»4.
108»4
100^4
IIOI4.
118
106
.
121
»«.
117
May'OO
121
101
109
May'04
121
1121a.
11218 J'ly '04
ibs'ii ibs'ii
II414
111^4
113
99
I2OI2I23I2
98 101
lis 122
1073411012
109i4ll2»p
MayO-1
119 "4 Apr '04
137 Nov'97
1191411912
120 Oct '01
112'2Dec'02
.
11512 Mar'04
98 J'ly'97
.
.
1
Sale
95 14 96
11512
14^8 May'04
9834
99
99 J'ne'04
94=8 101
98
99
9138 96
110
11112 llli2J'ly'04
6212...
68 J'ne'04
IIOI2III';
63 H, 68
Mar'03
92
B K&P
Y Cent
1151-,
lUislU'i
96
96
J-J
J-J
J-J
J-J
,
1023< 10334 May'04
84 li J'ne'04
A-O
L & Iron Mount .See M P
L K G & N See Wabash
,Se«TRR AofStL
St L
S B'ran 2d g 68 CI B 1906 M-N
St
StLMBr
<fe
M
M
W
A-O
J-J
M-N
A-O
A-O
M-N
J-J
J-D
J-D
BtPaul&Dul See Nor Pacific
8t Paul M & Man 2d 68.. .1909 A-O
Ist cousol gold 6s
1933 J-J
1933 J-J
Eeduced to gold 4 "28.-193 J-J
Registered..:
1933 J-J
Dakota ext gold 6s
1910 M-N
Begistered
Mont
ext Ist gold 4s.. ..1937
Registered
1937
KMiiiu Istdiv l8tg5s..l90S
Nor Div Ist gold 4s....l94»
Minn Union 1st g Gs
1922
Mont C 1st gu g 68
1937
Registered
1937
Ist guar gold 5s
1937
WUl €& S F 1st gold 5s.. 1938
et P <fc Nor Pac See Nor Pac
St P <fc S'x City See C St P
&0
Salt Lake C Ist g s f 6s. ..1913
SFePreScfc Ph 1st g63...194:
S A & A P See So Pac Co
S F & N P Ist sink t g 5s. 1919
Sav F & West See Atl Coast L
Scioto Val & N E See Nor <fe
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Car Cent 1st con g 48. ..1949
10434...
M-N 10434
J-J
J-J
J-J
J-D
J-D
A-0
AO
J-J
J-J
J-J
J-J
J-D
Fla Cen <fc Pen 1st g 5s. 1918
Ist land gr ext g 5s ...1930
Consol gold 58
1943
Ga ct AlaRy Isl con 58ol945
Ga Car <fc No Istgug 6s 1929
Seabifc Roa 1st 5s
1926
Shcr Shr & So See
K&T
Sil «!> Oca & G See Atl Coast L
Sod Bay & So Ist g 58
1924
8oCar<fcGa See Southern
80 I'acCo— CoU trg4'2S..1905
Gohl 4s (Cent Pac coU).A;1949
Regialered
fcl 949
M
IO314 J'ne'04
103''6J'n6'04
...
125 125 127 J'ne'04
IIII2
111
Ill
96 lOC^i 96 J'ly '04
99
100 Jan '04
81 7g Sale
81'
82 14
12214125 1 19 "i Feb '04
<<2
84
"li
8412
Sale
843.
101
96 >2 Sale
78 "a Sale
961a
77
7134
74*4 8316
9612
78 "2
743,
ret
Registered
W
i-i
M
m\
Gal Har<fc S
2d gold 78
110i4Sale IIOI4 1101,
133 "413312 132 14 J'ly '04
140 May'()2
10838 J'ly '04
109
107''8ll0ii
130 I32I4
103^4
128 Apr '02
135 Apr'04
115 Apr'97
114i2Mar'04
116'2.
116«8
.
133
13J«e
117
Jan
'04
II412II412
117 ll''
110
Jan
'04
110
9934
11334
Dec '01
AO
71
7OI4
Sale
Sale
Sale
M-N 100
7II4
J-J
92
J-J
10l>2
J-J
J-J
lot)
I04I4
J-J
J-J
J-J
104 104 "2 104 >2 J'ly '04
108 Hi...
108 J'ne'04
llli4May'03
105 ...
91
100
71
65
96
91
14
102
lOOTg
9312
103
,
lOOTg
93
Jan '1)4
Apr'Ol
87
102
97
lO'J
99 'g
97'4 101^8
8712
877,
84
1014
Feb '03
VG&N
W
107
1
111
10334 Apr'04
107 J'ne'04
106-2
10334
103
106
107
105 Dec'OS
103i2J'ly'04
A
Co deb 5s
1910 J -J
Nou-couv deben 6s
1913 A
Int Paper Co Ist con g 6a.l91« F A
Steel
Pump
10-yr Conv. 6s '13
Knicker Ice (Chic)
Ist g5s.'2S
IOOI2 1033<
10538 10B12
22 105 108
1031210312
J
J
6234 Sale
02
5334
5734
GII2
04 3b 33;
GI34 J'ly
'114
63
64
03 J'ly'04
96 li
99 Sep '03
93
99 Jan '99
95
92 Feb '04
106'8l06»8 109i2J'ly'01
101 103
lOlSi
lOlKi
t3
.\
Feb
105
U
1
•JNo price Friday) latest bid and asked.
8(1
82
78
7H3,
7H'|
7734
1«
97
'2
81 la Sale
7812 ^ialo
6 134
08 12
109
103
'2
'03
.1
8 Realty & I conv deb g 68 '24 J J
S Steel Corp col tr 2d 68. ri'o:. M N
Registered
April 196.-! .M N
64 V;
02
9'^
1
Lackaw Steel Ist g 6s
1923 A C) ibo" ib'i' 101
101
3
Nat Starch Mfg Co Ist g 68 1920 M N
901
88
89 J'ly '04 "3
Nat starch Co s f deb 6s..l92f)
J
64
64
Stan Rope* T IstgGs.. .194(1 V A
35
40
40
40
Income gold 53
1946
212
184
9
3
21a
tJ 8 LeathCo 8 tdeb K63..1913 ,\n N
llOiaSale llOia Hols
3
'U
118
110
96
114
110
95
114
116 229 111
Feb'04
108
J'ly '04
J'ly '04
114
Sale
'04
11434
II314
118
Il8»8ll9
119
112
123
124
9II4
118
113
117
109
J'ue'04
J'ly'04
11734 116=8 J'ne'04
...
11238J'ne'04
IO6I4...
105 12 J'ne'04
123 Feb'02
110 J'ne'04
115 Jan '03
...
114
115
J'ly '04
J'ly '04
87 12 J'ly '04
9014
931a
May'04
1131a Apr'04
...
*ll'^
9234
114
9658
951a
1 17 12 Apr'04
9638 J'ne'04
...
11234
87
951a
98
1174
!^639
118
1131a
liyis
112
122
1 24
116=8
1123b
871a
103 12 106
1123,
110
110
110
11334
110121121a
ll2iallGi4
J'ly'04
117
20
L14
112
110 la May'04
93 Dec'03
H53g 115
I2214...
11334
J
'
J'ly '00
104i2Sep'02
110
May'04
110 110
II2I4II6I4
II6I4 J'ne'04
9334 Sale
98 14
983.
42
9818 981a
11218
112 4 J'ly '04
110
M-S
J-D
102
116
80
108
A-O
102 14 ...
102 J'ly'04
118 11S34 118
118
81
90
80 J'ne'04
109 la Sale 1091a 10912
106 12 1061-2 Mar'04
1121a
lU's May'04
11134
111 May'04
J-D
A-O
10734 Sale
961a
Mar
J.J
FA
J-J
88
85
02
Sale
721a Sale
9118
J-J
107
12
10218 Sale
101
J-D
102 '4 sale
121
lloiaSale
10134
121
"a
111
J-J
F-A
9 5 "e Sale
108
J-J
J-J
12
111
IO3I2 10734
91
941a
10734
86
81
68
92
85«8
731a
IO6I4 iia
9134 92
99 10034 106
10038 104
lu2'V 567 9412 103 >a
98i2J'iic'04
FA
noi*
101 1061a
11214 115
94 la J'ly '04
90 J'ly'04
85
85
73
721a
98 Apr '03
113 J'ly'04
92 J'ly'04
105 Is 1063t,
104 May04
M-N
M-N
102
119
93
102
9634
981a
9Si-i 10278
120 14 1251a
111 117
90 "8 981*
14
1211-,
II4I4
II5I2
95 la
97
112 Dec'03
114 12 Apr'02
Wabash
103 107
117iall8
1939
1939
Debentupe series A
1939
Series B
1939
1st lien equip s fd g 5s. 192
1st gold 58
I0712
& Ch Ext
DesMoin Div
Det
Om
1st
Ist
Div 1st g 312S
1001210414
II412II8I4
10l)l4ll0
90
59 14 Sale
59 \
58
100 103 Si 102 Jan '04
109 14
110i2J'no'04
90 Feb '04
95
83-^8 843,
83 >4 J'ly'04
961a 97 -. 98 Mar'02
109 la Mar'03
g 58. .1941
g 48. .1939
1941
g 4s. ..1941
St Chas Bridge Ist g 6s. 1908
Warren See Del Lac & West
T0I& ChDiv
102i2J'ly'04
117 '4 118
1071a 107
95 J'ly'04
1st
94
56
95
68
102
102
106 141101a
90
90
7973
8314
Y&
Gen
Pa
Ist g 5s.. 1937 J-J
W VaCent& P
IIG
,
9312.
Apr'04
116
11014.11114 112 Dec'03
112 Apr'04
110i4.M:iv'04
109 Apr'04
100 12 lOOW;
100
9118 Sale
91
9134
& L E lstg58...192t: A-O 112 '2
Wheel Div 1st gold 63. .1928 J-J 1<I8%
Extcn & Imp gold 68. ..1930 FA 10712
20-y«ar equip
l8t consol 48
8 f
5s
Wilkes & East See Erie
Wil & Sioux F See St P M
1922 J-J
1949 M-S
116
9339
Mar'Ol
40
Ist gGs.. 1911 J-J
115
93
933e May'04
109 14 114
II0I4 11014
1(19
34
100
86
109
103
92
&M
W
Winona & St P See C <fe N
Wis Cent 50-yr Ist sen 4s. 1949 J.J
89 12 8934
8934
90
SSV, 91>«
BONOS—Conclude*!.
miscellaneous
F A
F A
Distil Sec Cor con V 1st g 5s. '27
Distill of AiiKT coll trg 58. 1911 J -J
lut St
U4ia
11138...
11234 ...
Wheel's
88
lUI.SCEIXANEOUs*
111
Jan
112
gold 3-4s...,
1943 A-0
Income 58
(41943 Nov
West No Car See South Ry
94 Hj
8734
9'.)i2
"2
103" ib?
103
AO
WestN
12
8534
9934 Sale
lOli
101
llliaOct '02
lOlia
115 la Sale
114 ...
109 la...
J-J
87
"s7i-2"87'8
102
108
102
101
101
A-O llO^s
F-A 11434
97^8 10134
99i4Mai'03
1905
Mex & PaclstgSs
1931
Gila
Istgug OS. 1924
Hous E <&
T Ist g 58.1933
Ist guar 58 red
1933
la
Wash Cent See Nor Pac
Wash O & W See Southern
Jan '03
101
101
Feb '04
10134
12034
1221a
2d gold 5s
100
93
10434 10434
10534
102
105 12 108
10434 J'ly '04
lOO^B Sale
87I4
108
10534 108i«
Mar'04
Feb '04
,
100
102 102
II5I4II514
114121141a
119 119
107 110
108 10834
J'ly '04
115
109
87
J-J
J-D
Sj
119
109 12
F-A
J-J
'04
83
109
108
110
115
93
90
.
93'4 Salp
A 1st g63..1910
RB
121
W
100
92
Sep '00
100
C Co See Pa
112
113
94
130"^
130
121
May'04
107
May'04
Oct '03
Apr'04
10512
954 96
Utah Central See Rio Gr Wes
Utah <fe North See Un Pacific
Utica <fc Black R See N Y Cent
See Mo P
\/ er Val Ind &
V irglnia Mid See South Ry
Va <fc Southw't 1st gu 5s. 2003
110
A:1929
1951
1947
1911
1911
Ore By & Nav con g 4s. 1940
Ore Short Line 1st g Gs. .192'.
1st cousol g 5s
1940
1927
48 & participating
Utah cfc Nor 1st 7s
1908
Gold 5s
192G
Registered
1st lien convert 4s
901a
J'ne'04
114i2.A.pr'04
105 la
Ham& Buftlstg 4s.;i,1946
Registered
13134
10234
10414
116
116
109
109
Jan
821a
108
107
102
102
102
115 14
1-2
103 14
May'Ol
Aug'03
106
104
WW
110
112
112'4
94
94
127i2Feb'02
130 Apr'04
121 May'Ol
100
J-D
10712110
Ulster* Del 1st con g 5s 1928 J-D 110 112
91
1952 A-O
109 12 111
Ist refund g 48
100 10314 Un Pac RR <fe 1 gr g 48 ...1947 J-J 10638 Sale
116i«Apr'01
109 12 May'04
1949
RiglHtcrcil
W
Apr'04
112
11234
100
76
105
1st gold 48. ...1917 J-J
Tol P <fe
Tol St L €&
pr lien g 3 i2S.1925 J-J
1950 A-0
50-year gold 4s
Tor
"-J
110
103i4Sale
102 "2
103 »2 104 "2
J-J
gu g 48 1949
Mniiiilnctiiriiifc &. liuliiHtrinI
Conaol Tobacco 50-yr g 43. 1951
W
W
am N J RR &
Mort guar gold 3 '2S..fcl929
Registered
W
High No Low High
Low
99
83 14 Sale
105 12
106 14
102
M-S
M-S
M-N
M-N
Since
January 1
104«sl07
68. ..1916 M-f^
1921
1926
84';
84
1936
1936
Guar stamped
1st cy gu 48. .1924
O&
West N C 1st con g 6s. .1914
S <fe N Ala See L cfe N
Spok Falls & Nor 1st g 68.1939
lOSigins
Stat Isl Ry 1st gu g 412s. .1943
103 1033s Syra Bing & N Y See D L &
'PerAof St List g4i28.. 1939
12234 127
110 11212 1 1st con gold 58.... 1894-1944
1953
96
Gen refund sf g48
96
Bge Ter gu g 68.1930
100 10l»
St L
631 79 12 84
Tex & N O See So Pac Co
II9I2II9W Tex & Pac E Div Ist g68 ..1905
'38 78
2000
85 14
1st gold 5s
2d gold inc 5s
j2000
1931
La Div B List g 58
6 91 12
Min & N 1st gu 58 '30
58 7012 7812 Tolcfc OClstgSs
1935
303 651a 7434
Western Div 1st g 58. ..1935
1935
General gold 5s
Ist gu g 4s. ...1990
Kan &
J-J
J-J
C
or
10434 105 12 104=8 J'ly '04
10612
113 Jan '01
. .
M
M-S
A& N W Istgug US.. ..1941
Cent Pac Ist
1920 J-J
A-O
No of Cal 1st gu g 6s.. ..1907 J-J
1938 A-O
Guaranteed gold 63
Ore & Cal Ist guar g 58.1927 J-J
SA&APass Istgug 48. 1943 J-J
So P of Ar gu Ist g 68. . .C1909 J-J
cl910 J-J
1st guar g 68
S P of Cal Ist g 68.. .....1905 A-O
1905 A-O
1st g 68 series B
IstgesseriesCcfe D...1906 A-O
1st g 6s series K <fe F. 1912 A-O
1912 A-O
1st gold 6s
1937 M-N
1st con guar g 58
1905-.. 1937 M-N
Stamped
SPacofNMexlstg6s..l911 J-J
S P Coast Ist gu g 48. ... 1937 J-J
1905 F-A
Tex & N O Ist 78
1912 M-S
Sabine Div l8tg68
1943 J-J
Con gold 5s
1994 J-J
Southern— Ist con g 58
1994 J-J
Registered
Mob & Ohio coUtrg 48. .1938 M-S
Mem Div 1st g 412-68... 1996 J-J
1951 J-J
St Louis div 1st g 4s
1918
Ala Cen R Ist g 6s
1948
Atl <fe Danv 1st g 4s
Atl & Ya<t Ist g guar 48.1949 A-0
1916 J-J
C0I& Greenvlstes
E T Va & Ga Div g 58. .1930 J-J
1956 M-N
Con Ist gold 5s
1938 M-S
E Ten reor lien g 58
1922 J-J
GaPao By Ist g 6s
Knox & Ohio 1st g 68.. .1925 J-J
1915 J-J
Rich <fe Dan con g 68
19-27 A-O
Deb 5s stamped
Rich <fe Meek 1st g 48.. .1948 M-N
1919 M-N
SoCar<fc Ga Ist g 58
N YT&Mex gtilstg4s.l912
Virginia Mid ser
Series 1)4-58
Series E 5s
General 5s
M
W
W
W
St
2d gold 68 Class C
1906
General gold 6s
1931
General gold 6s
1931
St L <& S F RR cons g 4s. .'96
Southw Div 1st g OS. .1947
Refunding g 4s
1951
K C Ft S& con g 68. .1928
K C Ft S & Ry rel g 4s 1936
M BcS; B Istgil 58.1929
St Louis So See Illinois Cent
1st g 4s bd ctf8.1989
St L S
2d g 4s Inc bond ctf8...pl989
Consol gold 4s
1932
Gray's PtTer Istgug 5s 1947
10334 104
101i4Nov'01
87
Bid
Ask
TClstg5sintgu..l937 J-J lU
112
1912
113
guar...
int
A-O
6a
Consol g
95
Gen gold 48 int guar. .1921 A-O 94
125
Waco & N diT 1st g 68 '30 M-N
Morgan's La <fe T Ist 78.1918 A-O 12912.
Ist gold 68
See JV
Eutland 1st con g 4^2S
1941
Rut-Canad 1st gug48... 1949
Tub
<fe H
See Pere Marq
Sag
tJo&Gr Isl 1st g 48. ..1947
St Law <fe Adiron Ist g 58.1996
2d gold 6s
1996
St L cfe Cairo See Mob & Ohio
KC&
9412 983b
's
109
Range
Last Sale
5
H<fe
Apr'02
12118
Aug
Range
Week's
Price
Friday
Low High Southern Pac Oo—(Continued)
J'ly'04
IUI4.
109
M-N
1
.
1174.
J-J
High
108 "2 Apr '04
.
J-J
A-O
BONOS
STOCK EXCHANGE
Week Ending August 5
N. Y.
Since
January
114
106
lOSW.
A-0
Kicli & Dan See South By
Eich <fe Meek See Southern
Bio Gr West See Deu <fe Rio Gr
Bio Gr June 1st gu g 5s. ..1939 J-D
1940 J-J
Eiogr So 1st gold 4s
Guaranteed
1940 JJ
Bome Wat & Og
9734
or
A Sic
lOtt^iz.
J-D
1997 J-J
Begistered
1997 J-J
Jersey Cent coll g 48.. .1951 A-0
Rensselaer & Sar See D & U
Eoch
Last Sale
FA in^.
J.D
W
Pitts
Pitts
Range
Aug
5
Range
2-S
Friday
Bid
1919 M-S
Consol gold 5s
1943 M-N
Cousol gold 4s
1912 M N
Couvertible g 3^s
..1942
gu
48.
g
AUeg Val gen
CI & Mar Ist gu g 4128. .1935
,
Week's
J^ice
ii
617
aDneJan *DueF8b
75
\U\
64
35
06
47
414
IVj
10734
IVZh
80
83
f,»\
6HS4
790^
col tr
g4s
1948 M-S
NJ
W Va g 58.Cent
...1920 M-N
'48
FerryCo
I
Am SSCoof
10278103
103
103
100
103
See
B'kl'ii
1st cons g 5s
Chic J c cfe St Yard col g 53.1915
Dot M <fe M Idgr iiio<)ni(>3..1911
Hobokon L<fe I gold 58... 1910
Mad S(i Garden 1st g 58. .1919
Man Jich H <fc L gen g 48.. 1940
Newi) No Ship <fe D D58dl99()
N y Dock 50-yr Ist g 4s. .1951
St Joseph Stk Yds 1 at 4 12a. 1 930
St L Ter CuppleaStat'n * Prop
Co 1st e 4 £38 6-20 year. . 191
H YuVa 'Wat Co con g Gh..1923
.Sp Val Wat Works 1st 68.190(!
LfSRcdA Ref l8t8fg6a.l9Sl
79 V
Dae Mar d Due Apr ADueJ'ly k Duo Aug
4
c
i)2'\101
9(1^
87
Adams Ex
Am Dk c& mp 5s
(
FA
J-J
A O
10034 J'nc'02
'
02
111
60
100
80
'-a
621.J
Mardl
81
J'ly 04
50
Fob '02
61
6634
76ia"83""
M-N
MN
M-N
J-J
K A
S9
J-J
9834
.
90
90
J-D
M-S
Jiy04
112
J-J
IOIHj
891a
91 "a
.
112"i"l2"
nsiaJly'OO
Aug'03
79
Dae Oot p Duo Not
«
Due Deo tOpttousale
H
BOSTON STOCK EXOHANGE-Stock
i^hare
Saturday
July SO
70'»
•951,1
Aug.
240
163
109 S,
10b
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•120 >2
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163
170
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170
300 302
143^4 143 Hi
158
170
300
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162
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162
285
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Hi
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189
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204
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130 130
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Last Sale
8
8I4
2434
••43
25
48
25
25 14
6 Hi
Ha
24
5334
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•43
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6
480
Hi
38
13
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104 i-il U6
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4
4
4
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7
3
IH.
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t<4
•^4
1
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541,
Last Sale
•7
3
-114
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3
2
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103,
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-r234 13
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42
114
'2
1 Hi
4
'4
42
Hi
J'ly '04
J'ly'Ui
4
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63
23
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23
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84
84
"3 Ha
••75
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89
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3734
38 14
234
7»8
234
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78
78
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79
••50
•75
•50
•60
ABeforopay'tofassess'tscalled in
<-4
21^
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3734
•2 '8
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7834
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3
8
(p«ts)£l
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734
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89
••23*
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78
70
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i\
778
b' (I I
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21 Hi 21 3,
10 '8 10-S,
3778 37 7e
3
73
78
70
25
10
26
25
Central Uil
'
21 Ha
•lO"*
37=8
•27g
7*8
77\
Dominion Coai
100
100
12
Franklin
25
liranby Consolidated. 10
Do prel
Elm liiver
Guanajuato Cousol..
Hi
•76
86
13,
5-V
Tamarack
'25
25
25
25
J'ly '04 Tecuiiiseh
J 'ly '03 reuiiessee
734 Trinity
Mar'04
22
10 Hi
39
3
7-V
78
United Copper
797gJ'ly20 54>4Aag 89 7^ Jan
85 Aug 103 14 Jan
97»4 J'ly20
251 Apr 25 '244 J'ne •262 Hi Feb
i52HiJ'ly26 134 Aug 154 Jan
240 Apr 23 230 Aug 250 Apr
169 Hi J'ly 13 161 J'ne 195 Jaa
171 Jan 13 170 J'nt 177 Apr
301 Apr23 290 J'ly 306 Max
146 Jan 26 133 Sep 157 Jan
124 Ha Jan 19 110 Not 125 Jan
184Hi.Mayli) 1K4 Not 196 Hi Mar
162 Hi Jan 4 160 Jau 170 Mat
285 J'nelii 270 Aug 286 Feb
131 J'ly 143 Hi Keb
141 Apr
43 Aug & 26 Oct 39 Hi Jan
75 Dec 83 >^ Jau
8 IHi Aug 2
42 Mar 42 M.ai
173
175 Apr'JC
Feb
Ha May ISO
24 Jan 21 17 Nov 3734 Feb
80i4Jan2
75 Dec 96 Jan
8''g Nov
14 Jan 11
2838 Apr
196 Jan 2 tlSSHiMaj 225 Jan
163 Hi Apr 7 161 14 Dec 73 Hi .Mar
232 Apr 21 220 Sep •232 .Mar
207 Apr 21 196 Aug 212 Hi Feb
80 Hi Feb
74 J'ly 91 -May
75 Jau 13 68 Sep 85 Jan
39 Jan 20 30 J'ly 71 Jan
7 J'ly 25 Jan
42 Feb 3 75 Jan 8434 Jau
91 Ha Oct 104 Hi Jan
95 Hi J'ly
65 Jan 6
99 J'ly 20 6634 Aug 104 Hi Jan
94HiJ'ly 18 83 Hi Oct 95 Jau
168 April zl62 Sep 178 Feb
93 Marie 87 Hi Aug 97 Feb
113i8Apr26 108 Sep 116 Feb
1
>•
17H2Feb26
40 14 J'ly 18
Jau
145
"
60
.'
Feb 16
i-'e.
Aug
May
118
12
63g
250
Apr 14
Winona
26
26
Wolverine
;i
Oct
Ha
Dec
2HaMar29
113
51
31
8
38 Ha Oct
27 Aug
7 Sep
7134 Oct
9 uct
33 J'ly
10 Nov
J'ly22
Jau 23
127gJ'lyl8
63Hi J'ly 26
•76
Jau 14
15
Aug 5
J'ly 19
3
t87s
Jau 21
Jan 16
Jau 18
Jlyll
64i8J'ly 18
1
Marl"
12HaJ'ly 19
1978 Jau 1
10
72
-.iHi
Jau
Aug
91
May 13
8334 J'ly 19
19 J'ly 19
7834 J'ly 1
94
86
lOu
134
J'ueld
4934
•50
7 Ha
2I4 Janlii
•40 Jly 6
100 60 J'ua 9
9I4 Fel» 9
C
1,468
295
63
loo
566
5,9u6
56
80
50
1,704
478
86
334
6
365
8,066
606
347
•i97
New stock.
Aug
Mar
i<'ov
Jan
Feb
2 Dec
3>4 Jau
3334 Oct
•50
Feb
Jan
1538 •'Iy
39
DeC:
•90
•OS
12
534
•35
Sep
No\
Jly
4
J'ne
J.J Hi
3
Aug
6
leb
Jan 2.")
Jan 6
'.
IVi.^pr s
2HiJ'iy 16
914
.May3l 120
Jaul^
Jan 19
J'ly 13
J'ue.'O
50
Mai
8=8l'ly25
'^6
.M.irl',1
18 Jau 4
8 '8 Jau 4
30 Jiui 2
2'8J'nell
Feb 23
5
69 Jan 5
•50
•jo
-
'.;
Feb-.;3
JMarl9
tj
23 Hi J'ly 20
1178J'lyl4
3934 J'ue2l
4 A-OTTl
8 Ha J'ly 14
78 Aug 1
mJan
4
Mar
Mar
9
Mar
Feb
Feb
Hi J'ly
I273J
Jau
Mar
Feb
Nov 48 Hi May
Oct 13178 Jan
Oct 118 Ha Feb
Oct
5 Mar
J'ly
14 Feb
J'ly
5»8 Apr
lOHiisep
2
Feb
14i«Feb
Hi Feb
J'ly 551
Feb •10
J'ly 3 178
400
l'f,Apr-.'8
Apr
Mar
31i4Feb
6i«Feb
•95
Nov
Aug
Mar
1 14
1234
Dec
Nov
1434
Jan
8HiMar
IS
20
•40
Feb
Jau
7519
Sep
Api
Oct
J,
66
•IH
•75
•25
7
•56
Feb 25 loo
May_'3
l'«J'ne24
•2b
2',472
8
2034 Fet» 1
2,143 •76
21
Ffcl>
571a Jan
397, Feb
893g Jan
Jau •80
Mayl^
Apr^^
5
82
Apr
6
Oct 102
Oct 108
8O34 Oct 110
6
Jau
Feb
Jau
Jau
Jau
111 Jan
53 Jan
31 Ha Feb
15 1« Feb
95 la May
18 Hi Feb
71
67
37
31
Jau 2 69 Ha
Jan2'.i 106
Jiiu
Nov
7
7
9>4Jau 9
75
334
4i4Apr2S'
2 "b Mar 18
200
220 •621a Feb 15
2 Apr 8 •50 Dec
5i4J'ly
300
6 Hi May il 1138 J'ly 23
Feb 26
3
3 J'ly
225
478 Jau la
Dec
•45
J'ly 15 '87 Hi Jau 22 •50
4^4 Dec
31-iJ'iielo
610
6 Hi Jau
962 34'8t"eb 8 447, J'ly -20 31 J'ly
25
•76
5
62I4
138 Sep
30 J'ly
43 '8 Jan
74i4J'ly
8234 J'ly 21
164^4
Aug
Marl
•J
180
lis Oct
2 Jan 26
Nov
121
Apr
16
127
9 Apr
4 Jan Je
17 Jly
223 J'ly 13 19 7 J'ly 237
6 Ha l'»'c 10
«7g Apr 14
102 14 J'ly 8 9« J'ly 132
22 Ha J'ly 18 25 J'ne 2634
28 J'ly 2934
Jly 6 113
J'ne27
J'ne 2
Nov
2'/
Mfty20
J'ue29
Jan
Jan
Jan
834 Jan
310 Feb
204 Feb
4834 Feb
8S'6Feb
190 Feb
2 Hi Jau
139 Jan
20 Jau
534
Oct 127
6 13
Jly 12 223
178Hi Jau
12534 J'li':.0
134
3 Hi J'ly
115
Feb 8
665 40
13 103
Jan
Jau
Jan
9 Nov 26 Feb
66 Ha -Nov 86 14 Keb
3 Sep
7
.Mar
12 Sep 24 Mar
Mar.; 1
131 Hi Jan -'." 10738 Oct I34I4 Jau
116 Aug I2.<HiDec
130 Hi Aug
138 Ha Aug 5 lUHiOct 169 Hi Feb
634 Oct
1478 Feb
12 »8 Jau 6
78 J'ue26 65 Oct 79>4 Jau
6 78 J'ly 26
20 J'ly 16
7 Hi Apr 6
1.J
52
Ma 1-31
-10
7
14
2638
Sep 150
Aug
6
21
35
1.022 d
15 "a Nov
381* J'ly
144
16Hi J'ly 21
76 Hi
Feb 2
li4J'ly'J6
'"
J'ly 26 •35
J'ly
Feb 11
9 Hi J'ly 20
Mar
19
2 27-'>8.)lyzO
l,87i"
•39
M8yl4 '65 J'ly 16
6i8J'ly26
7 14 J'ly 23
2,61(*
106 435 Jau 4 480 J'ly 26
•05
Apr23 09 J'ly 15
'
lot)
UnitedStati's Mining 25
Unit StatesCoal&Oil 25
5
Utah Con (Gold)
26
Victoria
Wyandot
1903. tiBeloropay'tof asseas'tscalledin 1904. •Hiil and asked.
70
6
25
26
26
.Michigan
26
Moliawk
25
MoutauaCoaUV: Coke 25
.MoutreJilit Boston..
6
Old Colony
26
26
Olil DouHUion
25
Osceola
Parrott(SilVt8! Copp) lO
Phcenix Cousol
25
26
Quiucy
Uliode Island
25
Santa Fe(Oolil <fc Cop) 10
Shannon
10
Mass Consol
J'ly'04 .Mayflower
3'^
1
77
25
Bingham Con Miu&S 50
Bonanza (Dev Co)... 10
1034 Isie Boyale (Copper).
84
•77
7b
90
Hi
64
•J
4^7^
106 Hi
:.....
7,
10 Hi \0\
414
4234
Hi
J'ly'04
2 '8
1
80
25
BostonConC&G
7
7
14
14
467,
•45H2 46
10534 105-'4 •105 Hi
64.il
24V
Arcadian
'
HiaK*M
Lowest
-35
3,900
75 Jau
Cons Mercur I'lohl...
12i4Apr 9
25
Apr '04 Continental Zinc
52
53 Copper BangeCouColOO 9,463 38 Feb 23 5878J'ly.'0
Ui«
1034
Aug
1
Jau 2
36
20 4,103
14Hj Daly-West
La»t 6 ale i
Last Sate 40
13'.i
2
8 Feb23
16'''8Feb24
175
•35
Lait Sale 50
1
Anaconda
Mar21
•75
(iold Dreilging
5
25
di: Sni.
2i34
a\
4
43
52
•7
1,070 •75 Aug 3
1.19" <3»i6Mar 8
Fel) 8
Am Zinc Lead
J'ly '04 Arnold
834 Atlantic
26 14
(Hi
Amer
479
480 Calumet di Hecla
Last Salt 09
J'ly'04 Catalpa (Silver)
24
24
237,
2414 Centennial
•35
513,
113,
1
25
25
28
Amalgamated CopperlOO 7,086 43
J'ly'04
8^
Hi
Adventure Con
Allouez
480
-7
13 Ha
•4034
?6'i4
••?5
1
1
Mar'Ol
III4
Last Sale iU
4;S0
.
Jau 16
2
Mg. 25
23U 95 Feb 8
100
617 4514 Feb 26
United Shoe Mach... 25
358 28 Jan 'Za
Do pref
26
US Leather
100
6Ha Mayr.^
77 Jau 16
Do pref
100
1034 Feb
100
U S Bubbor
34 40 Hi Jan
Do pref
100
8=8 May 13
944
U S Steel Corp
100
Do pref
100 7,760 5118 Mayi3
W«st End Land
45 bO Apr 12
25
300
West Telep & Tcleg.lOO
6Ha J'ne 3
146 76 Mar 14
Do pref
loo
Westing El <fc Mfg... 60
10 7534 J'ne28
1 9334 J'ue27
Do pref
60
S-^i
6i
84
734
738
1
8Ha
51'»e
80
95
85
21 ''8
1078
3714
3
3
15
•37 Ha
8*1«
8H»
5138 52
Last Sale
Last Sale
7:'8
15
'91HJ
•78
1
•Vii"
6 Hi
89
Hi
ftyif
95
••76
3
•12
61
j;6S>4
60
14
9ii
9
•60
1
4H,
4 J Hi
••87
•^i
Hi
4Hi
1
04
•82
1 Hi
11
13I.J
60
-1H»
53,
•51s
•87
90
1 Ha
•lOHi
4 Hi
4
•80
""lK
IH.
11
4Hz
4
4434
1
•85
47
•10434 lOH
10434 lt'6
•2 '8
2V •2i8 -^Sg
•034
7
7
7
Hi
7Hj
•278
•278
3
3
3
23b
4
31
J'ly'04
J'ly'04
J'iy'04
751,
75it
ll-'4
117»
121,
61
1
-25
213j '^434
24
•7
7ii
••36
-41
•39
54
54
H»
lor /-^evioui
Year (]U(>3)
Hiultttt
Sep '03
Do prel
J'B«'04 UnioaCopL'd<fc
105 United Fruit
307,
Last Salt
6334
50
Hi
8H1
480
Lowest
Sharei.
"
Last Sale as
Last Salt 2Ha
Hangs
/or Year
1904
YN
Last Sale 76
•70
•76
•25
•75
"•8HJ
•65
-55
••45
••45
63*
OHj
6H1
6''e
480
•33
9
25
25
634
'1
-25
'
9
1
Bangs
Ifie
Wetk
KiiilroadH
78'4
77 7g 78-V
7a>8 Atch Top <% Sauta FelOO 1 ,400 64 Marl4
9638 96»B
86 Ha
96 Hi
Do pref
100
233 88 Jan
250 250 •248
250 Boston <fc AlUauy
10<»
230 23934 J'ne 7
14934 150
Wi^ 150 BoHt<in Klevatod
4:;0 zl37 Feb
100
'237 239
Boston <& Lowell
29 230 Mar 11
100
160 160
i58'"
ioo' Boston & Maine
100
364168 Auk 3
170
Do pref
163 166 Apr 16
100
300
'300 302
302 Boston & Provirte»celOO
Feb 24
4 295
1413< •
1413, ChicJiuic Hy & U S VIOO
81 136 J'nelr
121
121
Do pr«f
15 XII6H1 J'nel6
100
Lait .Sale iiyHi'"j'iy''"o4 Con <fe Mont Class 4 100
180 J'neU
Conn<fe Pass Kivprerioo
10 160 Apr 6
Last Sale 2*2 i-i J'lf '04 Connecticut Kiver...lOO
270 Jan 25
•138
139 139
139 Fitchburg pref
3J 133 J'ne 6
100
•41
43 Qa By* lClectrie....lOO
100 24 14 Jao 2
81 Hi •81Ha
82 Hi
25 73 Jan 27
Do pref
100
Lait Sale 4-J
Mar'03 Hoastou El'tric eoin.lOO
Last Hale
J'ly'04 Maine Cflntral
170 J'ne 7
1 00
n^i 17 Hi •17Ha
590 16 J4 Feb 25
Mass ElectnoCos
100
6934 6934
»9
«9
280 68 4 J'ne 6
Do pref
100
Last Half 914
J'ly'Ol Mexican Central
5 Apr 26
100
192
192 192
19214 N
H & Hart. ...100 668 185 !< May^o
Last Sale 163
J'ly'Ol Northern N H
160 J'ly 5
100
•225
227 227
Jau 29
ii22
Norwich <fc Wor pref 100
••203
203 203
204 01(1 Colony
198 J'uel3
100
Last Sale 74
J'ly'04 Pere Manjuetie
74 J'ly 26
100
•70
71
70
70
Do pref
6S Marl 7
100
•29 Ha 31
•29 Ha
31
Butlanil pref
30 May 11
100
Last Sale 25 14 Oct '03 Sarannah Elec com.. 100
Last Sale 4'i
Feb '04 Seattle Kleclric
40 Jan 16
100
94
94
94
95
22 87 ^4 May25
Do pref
100
Last Sals 65
J»U'04 Terre Haute Elec... 100
65 Jau 6
95 s,
95 Ha 95 Hi
96 Union Pacitic
71»8Marl4
100
•9314 93
93
93
50 86 14 Mar
Do pref
100
Last Sale
J'iy"j4 Vermont & Mass
160 M»yl6
100
•90
91
91
91
89 Jau 4
West End St
50
11134 1113,
111
111
108 Jan 4
Do pref
50
I6I4 J'ly27
Wisconsin Central. ..100
Do pref
37 Hi J'ly 27
100
04 Wore Nash & Boch..l00
Last.Salt 145
145 Jau
iUisceliaiieouH
•14
14*4 Aner Agricul Chem.lOO
50 12Hi Apr 14
143.L
•75
76
76Hi
76
18 71 Jau 6
Do pref
100
4i«
4i«
4I4 Amer Pneu Serv
•4
110
50
3 Hi Feb 4
Last Sale 29 Ha J'ly'04
Feb 27
17
Do pref
50
129 12934 129
131 14 AmerSugar Keliu
100 8,230 122 Ha Feb 24
129 7p 130
130
130 Ha
692 122 '-i Jan 6
Do prel
100
135 Hi 1373, 1367, 138Hi Amer Telep & Teleg. 100 7,738 II9I4 Feb 19
•111, 11
•111*
111, Amer Woolen
100
26
9 FeblH
7634 77
77'.
77
7-J7 08Hi Jaul9
Do pref
100
Last Sale ?Hi
J'a»'04 Boston Land
10
3Hi Mar28
•II634
11034 ...
Cumberl Telep & Tel 100 "i25 112 Hi Jau 1
9
9
714
J'nel3
Dominion Iron <te St
320
Last .S'ale 0^8
J'ly'Oi East Boston Land
5Hi Jau 23
250 260
:i60
230
Feb26
Edison Elec Ilium... 100 "io6
163 163
162
163 Gheneral Electric
210 al5l J'ae22
100
39
39
39
39 Mass'chusettsOtasCoslOO
3738 Maris
82 Ha
82^
825,
263 7734 Marl4
Do pref
100
176 176
176
176 Mergenthaler Lino.. 100
106 173 J'ne _
•114
li< Mexican Telephone.. .^O
11*
IHa
11* Apr 30
60
123 Hi 124
124
118 Feb 23
124 N E Telephone
264
lOo
Marl 4
1
Pl«ntCom t'st stk com 100
5
Last Sale 17
10 Mar 2 s
J'ljr'U4
Do pref
100
219 219
208 Marl 5
Pullman Co
100
•8
8Hi
Beece Butlon-Hole.. 10
6Ha Jan 19
101 •Is 101 Hi 10138 101->8 Swiit & Co
144 X9934 Mar21
loo
Last Sale 2^ Hi J'ly'04 Torrington Class A.. 25
22 Hi J'ly 18
12
12
I214 12 -4
12
6034 613,
6034
60 Hi 61 Hi
••60
-•60
•75
-75
60
14
•13Ha 14
13Hi 14
•91 '-J....
92
-9iHi
'78
•78
bO
"so'
79
•92
•92
•92
97
96
S-is
7-4
•29
2
5218
24 H2
•7
•2
I0514IO5H2
60 Hi 60 H
31
31
5118
475
24
•jyi-j
•87 Ha
»!«
-55
•*6a8
Hi
8Hi
101
8Hi
25
475
222
•8
101
513b
1
-25
•8 Hi
106
60
31
•93
12
•
105
50
31
*13Hj
ini4
•77
1
*8>«
51%
2
•60
92
79
96
-75
123 Ha 123 H.
•2
1134
59',
"-J
••60
-75
13Hl 14
•78
•92
123Hi
222
15
76
4
Weekly and Yearly
HaUs
,0/
EXCHANGE
Last Smle 7I4
Last Sale
Last sace iy
11
69 \ 5934
91
82 «,
17534 176
-II4
IHi
•8
8H)
10034 101
•22 Hi....
Hi
3113,
IH2
•114
14
•75
117Hill8
'117H2120
534
Ha
14H2 14Hi
75Hi 761^
4I4
•4
•19
20
12»34l29i.
8Hj
145
•
STOCKM
BOSTON STOCK
.
17
10 Hi
191
111
14134 142Hi
18Hj
189
91
160
170
300
70
•74
93^j
'133
285
140
'239
SlHi
•30
91>2 9l>o
•111 11»
149 Hi
240
tflHi
32
Oo--^-
Hi
81H!
76
70
•931!;
77»4
96
96 Hi
248 248
149Hil50
9e»fc
149
•.^0
95
Aug. 5
240
•74
70
•6213
Aug. 4
105
170 170
•300 302
•
144
•120Hj122
•181
19lHi
•94
/Virfov
240
103
ltl'->
191
Thuraday
250
'
•41
81
I'ricc*
Wedneiday
Aug. 3
78
OB"^
961,
251
Per Centum
xU8'ol49
•41
•09
Tueaday
Aug. S
77
77
7(5%
953<
250
•
— Not
I'rlcei,
Mcmday
Record, Daily,
Oct
b
43HiJly
16
75
3 Jau
17 Ha Feb
Feb
18
2 la Jan
llHiFeb
Feb
58
Mat
2^ Jan
8
2
Ha
Feb
23 Ha Feb
Feb
Feb
Hi J'ly
7^ Dec
7H!Feb
80 uct 126 Ha Feb
N
4 Feb
J'ly
3
Jau
Di
1478 Apr
190 Feb
N ov 1«16 Feb
•2o
1734 Jau 3334 Mar
14 Feb
414 J'ly
Dec 3134 Jan
4
16 14 J'ly 27 Hi Feb
8 Dec 17 Mar
22 Jau 33»8May
9 Feb
1 Hi Uec
79
34
•J
5
61
75
Hi
J'ly 11434 Mar
J'ly
77 Mar
27p .Mar
Oct
fAss'tpald. tEx-riglits. oEx-div.&nglit*
6
Aug.
1
Boston Bond Reoord.
1904.]
6,
HOND!>
Pridav
Mange
Aug
Last Sale
5
Ask Low
Bid
1908 J-J
Am Boll Telephone 48.1021)
J-J
Am Tclep & Tol coll tr7n..l90«
MS
4f!
Nebraska 1st
Atch Top & S Fe pen g 43. 1995 A-O
.Tly 1995 Xov
Adjustmi'nt g 4.S
Atcli
99 14 99=8
99 14
96'i2
aii^e
<fc
10234 103
.
112
99^4
97W,
125
76
76
76
83
•914
*17
17
14
9b3,
128
78
81
99>2l00
lOO'i^ iO(J'>4
104
105
99I4 100
984
9812
OQig
9334
105% 107 14
97
9812
12434 125 hi
1231.2 124^2
100 10234
105 Hi 10734
109'4Mar'O2
112i4Jan'03
Apr '04
101
28^ 98
98
105 \i Sale
lOob
103Hj
104
lOoHz
J'ly'04
IO2W2 Apr'04
limMav'Oa
137>iiSal6
13712
137'..,
137
96
>2
137'2
Feb'04
96^4
97 %
97
963b J'ly'04
lOOi^lOliu
95
98
105 12 109
104 104'8
10212 103
137
137
13712
137
90
9818
903a
OGi-i
addition to the purchase price tor
—Not
all
Her Centum Prices
Wednesday
Aug. 3
Tiusday
Aug. 'i
76''8
7634
83
82
Jiange
Since
Januaru
Ask Low
M
Jan 1939
Istoons inc38
Jan 1939
•^d cons inc 38
Micli Telep cons 5s tr rec.1929
Klec
con
Geii
Miniie
g 5s 1929
1929
New Eng Cot Yarn 58
Teleph
6s
1906
New Eng
1907
68
1908
6s
Kg
.1915
Y&N"Eng'lst'78.'!'"-!!!l905
N
1905
1st 6s
1924
Old Colony gold 4s
Oreg Ry & Nav con g 4s.. 1946
19'22
Line
Sh
Ist
6s
Greg
g
Repub Valley 1st a f 6s... 1919
Rutland 1st con gen 4 4s. 194
Rutland-Canadian 1st 4s 1949
Savannah Elec 1st cons 5 s.l 952
1930
Seattle Elec 1st g 5s
1918
Torrington 1st g 53
Union Pac RR <fe 1 gr g4s.l947
4s
conv
1911
lien
l8t
United Fruit conv gen 5a. 1911
10-60
1963
Steel
Corp
yr
5s.
US
90
103
"
No
8934
10334
107
101 >4
120 k
102
118
Apr'04
J'ne'03
Miiy'04
75 J'ne'O;;
102 4 102 4
91
95 J'ly'04
93
102 Jan '04
102 Apr'i>4
103 Apr'04
1004 Mar'03
10138 lOlTg 101 Sg
lOl'e
lOl^B
101 J'ly'04
104 14 J'ue'04
FA
A-O
A-O
A-O
A-O
J-J
J-J
FA
J-D
FA
J-J
J-J
J-J
103
J-J
90
103
FA
93
M-S
J-J
FA
MS
F-A
102
102
102
102
102
"b
4 104 14
10141024
ior>^
101
IO4I4 ll>4'4
10141014
J'ly'04
1204121
102
92
103
Mar'02
Apr'04
107
Feb '03
Oct '02
92
103'*
92
100
103
02=8 Apr'04
100=8 103
94 101
'4
1004 113
71%
102
7214
102>4
10541054
Apr '03
1024 J'ly '04
10134 102
101 'e 102 I4
87i4J'ly'01
112=8 Apr'04
and askod.
latest bid
;
718
1024
121
105
10234
J.J
J-J
J-J
price Friday
6'8
102 4
105 la May'04
M-N
lilt.4
934 974
108
M-N
954
90
104
118 118
58 4 V04
I6I4
13
10134 J'ly '04
J'ly'04
72^4 May'04
102 J'ly'04
MS
12 2
1014 J'ue'04
1
M-N
100
110
1(1134
lOl
I2OI4 122
J'ly '04
62 4 .J'lv'04
JJ
it.i
12818
117
92
81
103
107
10334
M.av'04
J-J
97
9334
90
1434 .J'ly '04
6^8 May'04
1914
Gold 4 Has
Gold debenture 4s
1916
1917
Gold 48
Western Teleph & Tel 58.1932
Wisconsin Cent Ist gen 4sl949
Wisconsin Valley 1st 7s.. 1909
Boston Bonds.
Sale
1
Jiiqh,
96
128
97
108
1214122 4 1214 .:!'iv'ii4
984 95 4 J'ly'04
J'ly
J'ly
West End Street Ry 4s. ...1915
Low
High
97 J'ly '04
99 ibo" 91) J'ly'04
12Sis J'iie04
127 4
97 4 J'ly'04
109 J'ly'04
la Falls & Sioux C 1st 7s.. 1917 A O
Kan C Clin <fe Spr Ist 5s.. .1925 A-O
KanCFtS&GuIl: 1st 7s.. 1908 J-D
1 928 iVi-N
6s
Kan C Ft Scott &
1934 M-S
KanCMcfe B gen 4s
1934
Assented income 53
1st
5sl929
Br
Kan C <fc Ry cfc
KauOSt Jo& C B 1st 7s. .1907
L R cfe .Ft Sm Id gr Ist7s...l905
Maine Cent cons Ist 78. ..1912
1912
Cons 1st 4s
Marn Hough & Ont 1st 68.1925
cons
19 11
Central
4s..
Mexfcan
82
7534
77
9'8
1734
10
18
82
94
94
94
173s
8
1734
*734
1734
8
474
47
47
47
193,
•I914
1934
19=8
8I4
ACTIVE STOCKS
Thursday
Aug. 4
7634 77
77
82
938
1738
•734
10734
113
102
Week's
Range or
Last Sale
11
10134
1024
98 41021*
27
112=8 112
Trust Co.
ctfs.
and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
I'rices
i
128
10734
107^4 Sale
Note— Buyer pays accrued interest In
Aug.
128 Feb'04
117 "4 Feb '03
80 J'ly'04
100 Apr '04
107 Jan '04
100 14 Feb'04
105 J'ne'04
100 J'ne'o4
106 "4 Dec '02
1910 J-J
deben os
Non-convert deben 58. ..1913 A-O
Illinois Steel
M
117
117
99
125V2J'ly'04
123 Hj Apr '04
102 14 102^4
106
110
110
112
101
107V
99=4
97
97=8 10258
95I4
87
99^4 J 'ly '04
100 J'no'Ol
97'<jJ'ly'0J
i-i
103
9734
SS"*
Price
fridav
Aug 5
Bid
Low High
112>eApr'(M
101 Apr'Ol
98S
12512
MS
MS
Monday
951.
Feb'04
10718
107
rremtElkcfeMoVlst63..1933 A-O
1933 A-O
Unstamped Ist 68
Gt Nor C B <fe Q coll tr 4s 1921 J-J
Registered 4s
1921 Q.J
Saturday
July 30
10256
t»SH2Mar'04
93agJ'ly'04
&W
Share
102=8
104'-2Apr'00
117 Feb'()4
99^8 Jan '02
101 Mar'03
112 Hj Jan '03
M
Philadelpliia
96
Feb '03
110
BOSTON STOCK EXCH'GE
WEEK ENDING AUGUST 5
Since
January 1
High
99 ^
95 14
B& SW
W
or
113112
95
Boston Elect Light 1st 68.1908 .M-S
19'24 M-S
Cousol OS
1907 J-1)
Boston & Lowell 43
1944 J-J
Boston & jrame4'2S
1905 FA
Improvement 48
Bost & Jlon ;Sil issue 78... 1904 M-N
Boston Terminal l3t3'2S.1947 FA
1918 J-J
Bur <fc Mo Riv ex Gs
1918 J-J
Non-exempt 6s
1910 J-J
Sinking fund 4s
1917 A-O
Butte & Boston 1st 6s
Cedar Rap & Mo K 1st 78.1916 M-X
1909 J-D
2d 78
Cent Vermt 1st g4s..Mayl920
CUicBurl & Q extend 4s. 1905
1919 A-O
Iowa Div 1st 5s
1919 A-O
lowaDlv 1st 4s
1913 M-N
Debenture 5s
1922 FA
Denver Exten 4s
1927 M-N
Nebraska Exten 43
1921 M-S
s£4s
1949 J-J
Illinois Div 312S
JoiEt bonds See Gt Nortliern
Chic Jc Ry & Stk Yds 5s .1915 J-J
Coll trust reUtnding g 4sl940 A-O
ChMil* St P Hub D 6s.. 1920 J-J
Ch
A St P Wis V div 6sl920 J-J
Chic & No Mich 1 St gu 5s. 1931 M-N
Mich gen 58. ...1921 J-D
Chic
Concord <S; Mont cons 48. .1920 J-D
Connifc Pass R 1st g 4s. ..1943 A-O
1927 A-O
Current River 1st 5s
I8t4s...l946 A-O
DetGr Rap&
1913
Dominion Coal Ist 6s
1906 M-S
Kastern Ist gold 6s
1915
Fitchburg 43
1927 M-S
4s
BONDS
Sange
Week's
Prtc«
BOSTON STOCK EXCH'GE
Week Ending August 5
619
9\
174 174
934
•734
Stocks see below)
10
18
9<4
'»174
100
50
100
Do pret
100
United Ry & Electric. 50
beaboard Air Line
8I4
1904
the
Week
fihares
Baltimore
76I4 76I4 Consolidated Gas
*82 4 83 Northern Central
*734
8
(For Sands and Jnactire
Iriday
Aug. 5
Range tor J^evious
Year (ly 03)
Jiange lor Year
Sales
of
204
75
1,580
513
11
Lowest
67
71
Lowest
Jiighest
4 Jan
5
J'ne 2
7 J'ne21
1334 J'ue21
534 J'ne
1
Jiighest
77
92
J'ly 20
Apr 12
58 4 Dec 72 4 Jan
84 4 Oct 118 Jan
1034
2134
838
Jan 2
Jan 2
Jan 26
1034
Dec
28I4
20
Oct
Oct
45
8
1414
Jan
Jan
Jan
Pliilnclelpliia
474
•47
1934
'47
1934
19',
47
47
20
3'8
47
19'e 20
3'8
3't
474 474 American Railways
1934
19-'4
3
3't
'8
Do
8
8^8 8IB18
*834
«784 80
79
37 14
37 14 37 14
59 4 5934
•38 4 39
597i8
39
•6
6I4
•6
79
37 14
•''84
79
79
3714
37'4
414
•3334
•5334
34 14
54 '^
6i<
13i<
2ol3j8 26'lB
414 414
35I16 35iia
-344 35
*34
54
544 544
54 14
84^8 85
Ask
Mid
1'HII.lAI)EKFH1A
Inactive Stocks
American Cement
10
Iron & Steel
50
Bell Telephone
50
Cambria Iron
60
Central Coal & Coke. 100
74
734
50
47 14
50 4
100
50
Prelerre<l
50
Danville Bessemer... 14
Diamond State Steel
Preferred
Keystone Telephone ..50
10
'4
"594
62 4
NesquclioniMg
50
6 034
Iroiii^ Steel.
Pen n sylvan la.. 50
24
Haven
North
Penu
fj-aa
Coal
Phil German cfe Norrm.50
Phila Tract 1(111
50
Railways (leniTnl
10
SuHqueh Iron <fc Steel. .5
Tidewater Steel
10
Preferred
in
Bid and
Gen
Leh VC Ist 58 g'33..T-J
Leh V ext 4s Ist 1948. J -D
"3"'
98 'e
.
i"
34
^4
267
"8'4 ...^..
774 80
Mked prices no
;
44sg.l924.<Al
M-S
2d 7s 1910
Consol 6s 1923
Annuity Os
454 NYPh<S;Nolst4s'39J.J
1
Coal... 60
M
45
98 4
Warwick Irontfe Steel. 10
West Jersey A Se»Sh.50
Indianapolis Ry 48.1933
Interstate Rys—
3-3 4-48 1943
F-A
Lehigh Nav 44s 'I4.y-J
RRs 4s g
1914. Q-F
92
United N J KHAC.IOO 266
Unit Pow A 'I'rnns
25
United Trac Pitls
50
Preferred
50
*
19 4
J-D
1024
J-D
Leh VTraclst4s'29.J-l)
Nat Asphalt 6h rect«.
NewCon Gas 58 1948 J.I)
Newark Pass con 5s 1930
50
Pennsylvania Salt
50
Pennsylvanui .Steel.. 100
Preferred
100
Plnla Co(lMns) pref,..50
Westmorvland
E ext 73 1910 A-O
AmRysconvSs 1911. J-D
Atl City 1st 5s g '19. M-N
Balls Ter Ist 5s 1926. J-D
Al Val
&A
M
&
&
Eq II Gas-Ll8tg58l928
U & B Top con 58 '25 A-O
974
10
Little Schuylkill
50
Minehillifc Schuyl 11.. 50
N
PH11.AI>EI-PHIA
1st 5s '16 J -J
1949 J-J
5s '19 J-J
Col St Ry 1st con 5s 1932
ConTracofN J 1st 58. '33
E
1st
58 19'20 M-N
Elec
Peo Tr stk tr ctfs
Elm Wil 1st 6s '10. J-J
50
K eyston eWatcli Case. 1 (>0
Brothers
85 4
35
54
85 's
Ch Ok<feG gen
4
18
Preferred
5334
13
2638
4134
Choc& Me 1st 5s
"4
Chem.50
l^it
344
6*16
Che <fcD Can
Easton Con Electric. .50
Kleo Storage Hatt
100
Preferred
100
GennantowM Pass
50
Harrison Bros pret. ..100
Iniliauapolis St
100
<fc
13
26
4134
salea
Incoriio 48 1939. ..M-N
1st 4s '36.
.MN
No Penu
pref.t
lOli
9
Electric Co of
America 10
7
Gen Asphalt interim
Do prof interim
25
7834 80
34
604
384 38 4
6I4
*5
•22
3-<4
H-'a
is
Pliiladelpbta Electric.
1234 Phila Rapid Transit
2638 Reading
Do 1st pief
Do 2di)ref
1234
26I4
54
54
...
8534
86
•18
Union Tracton
United Gas Inipt
Welsbach (;o
23
50
50
100
50
331
480
J'ne 3
Dec 524 Jan
Nov 2634 Jan
4 Nov 9»ieJan
4734 J'ly 19
4934
I7I4
18i8May25 21 14 'an 23
4Mayi;! t4 4 J'ly 18
138 May! 3 t8i4J'lyl8
734 Feb 8
9i4J'ne25
5 4 J'ly 15 13 4 Feb 8
25 J'ly 20 38 4 Feb
62 4 Jan 14 814J'ue21
33'4 Feb 26 39 '4 May 6
2'8Mar 3 4 'is Jan 2.'!
55'8Marl2 614 Jan 27
37=8 May 17 13 Jan 22
5 May25 6»i6Jaul3
8 Jan 6 15'4 Jan 21
19 4 Marl 4 2738 J'ly 21
% Dec
7 ha
1,561
562
25 1,917
41)5
50
50 i2,761
109
50
60
50
260
50
349
50
100
.
Mar
4534
Jan
81
22
Mayl6
5414 J'lyir.
8934 Jan 22
J'nelH
22
1
42
J'ly 13
Marl4 364J'lyl2
2
J'ly
Feb
7934
45 'a Jan
Jan
4
7834
4734
Nov
Oct
Aug
Jan
Feb
7 '4
I834
Dec
Nov
:i4iii8Jau
36
Sep
441I1B
2734
4 9 '8
Nov 40 4 Jan
Sep 4734 Feb
Oct 1164Jan
Aue: 31
Mar
76
20
J'nelS
36
9 Jan
17 '8 Jan
5
1
38
28
Ask
Jiid
5538
Jan
Jan
Deo
1
14 Sep
35
1
4034
IOI4
Oct
10 Dec
19 Nov
64 Aug
34 4 Nov
'.;
14
612
120
5(>
mill.ADEM'HlA
Ask
£id
]tAI/ri.>10RE
Jiid
Feb
Ask
1014 Chas Ry G & El 5s '99 JI-S 82 4 85 4
65=8 66
Char! C <fe A ext 58. '09 J-J 113 4 115
IOH4 1014 P <fe E gen il 5 g '20. A-O 116
'2d 7s
1910 A-O 110
110=„ lU'e
Gcn M 4sgl920..A<S;O 103 4
City cfe Sub 1st 5s..'22 J.D 113 4 114
Ph & Read 2d 6s '33. A.O 127 128
100^4
92
(Uly cfe Sub(Wa,s) st 5s'48 100
102
Con M 7s 1911
Colcfe(}rnv lsl6s.l916J-J II4I4
J-D 12014
Con M 6s g 1911.... J-D 1124
116
118
Consol Gas 6s. ..1910 J-D no
Ex Imp M 4s g '47. A-O 106
5s
1939 J-D 113 4 114 4
Con M of '82 4s '37 .J-J 104
lu8
Gacfe Ala Ist con 5s '45 J-J 1 04 4 ;o4-'4
Terminal 5s g 1941. y-F 124 14
107
Ga Car <fe N st 6s g '29 J -J 109 >4 no
P
<fe B col tr 4s '21. J-J
1024
Georgia P 1st Os. ..'22 J-J 122
1224
Rochester Ry con 5s 1930 110
115
109
115
GaSocfe Fla 1st 5s 1945J-J 114
S R E Side 4s interim ctfs
5434 55 '4
1114
G-B-S Brew 3-4s 1951M-S
97 '4 98
1004 00
U Trac Ind gen 58'19.J-J
2d income 5s 1951 .'M-N
2 6 '4 2534
U Trac Pit. gen 5s '97 J-J 115 116
10S3,
Knoxv Trac Ist 5s •28A.O 102 105
107
Welsbach s t 58 1930.J.D
58
LakeR El Isl gu;-,s'42M-S 116', 122
57
Phil Elec g(dd trust ctfs
Trust certif s 4s
101
14
1
1
1
W
1
'4
105
84
BALTIMORE
85
109
102
Inactive Sti>ckii
i09 4
Atlanta* Charlotte.. 100 160
Allan Coast LluoRH 100 1174 118
Allan
Coiist
L (Conn) 100 245
Canton Co
Georgia Sou
10734
1104 Vii
&
100
Fla...lOO
100
100
100
1st iirof
112
118
2d pref
1213,
l42^ 143 4
58
^iliS Brewing
Mt Vernon Cot Dnck
Unit Eleo L <fc P pref. 50
255
95
45
97
66
90
40
95
60
64
7
4
3
•2
30
107
AnaooHtiaA Pot5R
'-,
Ch l8t7...1907 J
Atlau C L RR481952M
At Coast L(Ct )ctf8 58 J.
CtfMof liidebt 4s
I
BaU(.:Pa«8lst5s'll M
Halt Kundg 5a. 1916 M
Exchange 3 4» 1930 J
Atlifc
104
91
92 4
110
ez-dividend.
II
1
Refunding 3 48 195'2J
P iHtOaml'll A
Halt Trac 1st 5«.. '29 M.
NoBall I>iv5sl942 J-
Haltefc
Convertible 5s. '06 M.
Hyoon5sl932 MExtA Imp Oh. 1932 M
Chaw City H v 1 st 5a '23 J
Cent'l
Ex-rlghts.
t
$15 paid,
t
MetSt(Wasli)lst5s'25FA
Mt Ver Cot Duck Ist us.
Incomes
117
65
15
5s'38 M-N
1941
General us
Norfolk St Isl 58 '44-. J-J
106
Npt NcfeO P
35
Bonils
1
l^owoat
Marsden Co
4114 42
*34 4 35
. . .
U
Valley
60 '4 Pennsylvania RR
38 4 38 4 Pluladelp'a Co (Pittsb)
6I4
158 43
350
ctfs..
ctfs..
69'8
Deben (is 1905
M.S
Penn gen 6h r 1910. .Var 114
Consol 6s c ] 905
Var 102
Consol 5s r 1919... Var
Penn <fe Md Hteel con 6s.
Pa & N Y Can 78 '06. J-D I OS 4
Con 5» 1939
A-O 114
Con 48 1939
A-O yu>4
PennStoel l»t5a'17 M-N
People's Tr tr certs 4s '43 io'i" 103
i;o
P Co Ht A col tr 5h'49 M -S
on tUia day.
& Nav
Lenigh Coal
374 3714 374 Lehigh
59 '8
35
54 14
53 '8
7334
Berg<fcEBrwl8t6s'21J-J
Bethle Steel 6s 1998. Q-F
Preferred
Consol Trac Pitts
Sm Po w
37
9
Jionils
Amer
Int«r
784
80
374 374
59 's t50
5!"8 60
3834 a834
384 39
O'le 63i8
*63ie 63i6
1278 I3I4
13
13
26
2638 25i6jg 26Kie
*41
42
41»i8 41»ie
69=,
39
M2'8
13
25^8 26
*41
'3'8
•d'a
34
34
13
9
50
Cambria Steel
50
Consol Lake Superlort.lOO
1
st
107
994
no
TJ
68 1904
Series A 58 1926-...JJ
Series B 58 1926
J-J
Pitl Un Trac 6s 1997.J-J
I'oto Val Isl 5s 1941.. J -J
Sec A v T(l'itts) 5s '34 J-D
Sav Fla cfe West 5s '34 A-O
113
107
4
102>4
W
118
108
2d series 6s 1911 ...XfS
series 6s HiIii.MS
4th ser 3.4 58 1921.
5th series 5a 1926. M-S
Va (Stale) 3h new •32..1-J
Fiiuddelil 2 3s 1991. J J
WesI .V C COM 6s 1 9 1 4 J-J
WcsVa C<ft I' isl Og'll J-I
<fc Wehl 5(1. .1935. J J
3(1
11934 I20I4
113
no
1.'5
119-4
119
]
1
3
i-j
113
113
70 4
117
71
1
14
115
113
IOP4
4
16
MS
North Cent44s 1925 A-O
SeaboardA L4s 1950 A-O
Soab cfc Roan 5a 926. J-J
South Bound 1st 5s. .A<)
UKl f,.tPlst4 4s'29M..N
116
Un Uvcfc El Isl 4s '49 M-S
93
96
J-D
Income 4s 1949
106 4
1174 1184 Va Mid iHt 6h 1906..."MS
1014
65
WU
MS
iliV;"'
83
8.<4
92',
47
474
1 04 4
113 4 n4>fl
116
111
92-'j
11-2
944
95 <«
114
9d>a
llUHt I'ii"
Reorganlxatton oortlXicates ^3 assCMinent paid.
—
—
.
1.
THE CHRONICLE.
620
Gas
Volume
NEW YORK
TBANSACTIONS AT THE
Stocks
Wetk ending
Monday
249,49'i
Tuesday
32M,430
249,633
21)9, 173
242,419
Wednesday
Thureilay
Friday
23,76!^,200
30.789,31)0
1,442,790 $138,366,700
Total.
10,000
74,500
54,000
215.500
64,000
$2,000
$432,000
$8,349,000
Week ending Aug 5
Sales at
Stook
$14,000
1,3SO,000
1,904,000
1,854.500
1,677.500
24,140,000
2X,973,700
23,277,300
V S
Bonds
Bonds
$603,500
909,500
»7,408,150
78,G40
Saturday
Uudsou Co Gas
State
i:c
Bonds
Par value
Shares
January
1 to
$2,000
Aug 5
New York
Exchange
Stocks
—No. shares
1903
1904
1903
1904
100,631,237
3,551,540
64,785,822
1,442,796
$138,356,700 $337,000,750 $6,013,104,015 $9,418,007,350
Par value
BaiLk shares, par..
$11,500
$17,500
$422,350
$421;^00
BONDS
State bondjs
BR. and mis. bonds
Total bonds..
$9,161,250
$470,580
3,357,700
377,283,200
$13,500
2,000
432,000
8,349,000
GN>TernineDtbonds
16,2"7B;Oo6
368.60,0
406.843,0(70
$416,362,850
$381,111,480
$8,783,0001 $16,285,500
Securities
58 g 1949
Indiana Nat<fc
Ist 68 1908
100
See Stock
111
Jackson Gas Co
58g 1937
Kansas City Gas
1168 1922
HLaclede Gas
97
60
Colcfe llockCoalcfelpf 100
lot g 5» 1917
J-J
65
85
80
90
Comjiressed Air Co... 100
Consolid Car Heating 100'
liCoUH Firew'ks com .100
co"*
66^
103
14
18
67
104'a
60
A-O
Aug
5
81
100
98
10
A-O
a7»s
§
iyu4
Saturday
Monday
Tuesday
Wednesday .
Thursday
Friday
Total
Philadelphia
Bona,
sales
sliares
Bond
Vnlisted
shares
Listed
shares
sales
720
5,239
14.189
13.581
7.988
14.587
20.604
3.095
4,396
2,809
2,516
9,507
$14,000
2,500
8,000
79,000
24,500
16,600
3,495
6,534
4,660
5,746
4,972
6,028
2,330
$7,000
27,000
19,100
34,600
41,700
53,600
76,188
23,075
$144,600
34,667
18,508
$183,000
752
2,350
4,895:
2,186;
9, -J 60
100
3
5
18
25
OHH,
1i
Preferred
lOO
100
Cuban Us of 1896
UDiamond Match Co. 100
LogAWabVl8t68'25.J-D
100
Preferred
lOo
Electric Lead Beduc'n.50
Pueterreil
50
Electric Vehicle
100
Preferred
lOo
102
Electro-Pneum'icTranlO
8
Empire Steel
100
62
Preferred
100
55
HGeneral Chemical ..100
1031,
llPreferred
100
96
Gold Hill Copper
1
92 V Greene Consol Copper. 10
76
68
40
47
Madison Gas 68 1926.A-0 §106 109
Newark Gas 68 1944. Q-J §135 13512
Newark Consol Gas.. 100 7312 74 -^
S-D §108 108 "2
HCon g58 1948
Ist 68 1926
§100
3
48
J-D
EleclOO
52
A Pas Gas &
H Cong 5s 1SH9....M-8 §102
93
St Joseph Gas 5s 1937. J-J
Pat
StPaulGas Gen 58'44M.S
Syracuse Gas 6s 1946.J-J
90 v^
UOO
6^
534
3314
3ci>9
98
131^4
5
Dominion Securities. 100
Electric Boat
103
30
104
181
115
78
47
118
15
1
40
67
834
its
a"*
1312
u-S
h
t
6\
33
49
93
>k
64
4U
61
97
15
loo's Hacken8ackMea<iow8l00
Knick'b'kerTr Co reels
10
10
14
15
Bef g 4s 52 op 12. ..J-J
§92
70
8
15
26
35
i
t
Hackensack Water Co—
87
I
»i«
14^4
& Telephone
Tclearr
60
dcEn Bldgloo
SIj
liCrucible Steel
95
100
63
No Hudson L H A Pow—
OS 1938
A-O
T10& IndCNat&IU .100
AsH
Cotton OilcfeFibr<-,pref.26
Cramps'
102
15
100
liPreferred
100
Lafay'eGa8l8t6H'24..M-N
Che3&
Boston
Unlisted
Listed
shares
40
62
42
68
-M-N
i;Pref<-,rrt<l
Bid
.'Vliacel
Cons By LtgcfeRefrlg.lOO
8»4
*"*
Consol Rubber Tire. .100
Debenture 48
it^
Cons Storage BatterylOo
10
Cont Tobac deb 7s'05 A-O §ior«i 02 >a
Gas—
5AmerTeleg<fe Cable 100
Week ending
7H,
Exch Ust
BeU Teleph of Buttalo 100
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA HCentral
& So Amer .100
EXCHANGES
InduslrinI nnd
A'k
96
70
IniU;Miapoll8 Gas stock 50
iBt 68 1920
M-N
Vol. Lixix.
Bid
Hudson UaslOO
Wayne
Gh 1926. .J-J
55
li.iHdts El Bcrgeu Co.. 100
28
Uraud Rauldjt Gas—
lllst 58 1915
F-A §101
STOCK KXCUAKQK
Railroad
5
iyu4
IChncx <&
Fort
WEEKLY AND YEARLY
UAILY.
Aug
Stock Exchanges
of Business at
[
HaU Signal Co
92
100
100
Havana Commercial. 100
104
Preferred
Poto Teleph.. 100
100
5s 1909-29
J.J
200
HCommerclal Cable ..100
Cotnmer Un Tel (N Y).25
82
Emp & Bay State Tel 100
62
Franklin
100
121
HGoldtfe Stock
100
1905
1I4'2S,
90
Hudson River Teleph 100 85
J Teleph... 100 148 151
58 1920 See Stock Ex Chang e list
TlNorthwestem Teleg. 50 120 123
82
78
Pacific & Atlantic
25
USouthern & Atlantic 25 100 103
HNY&N
lOU
Havana Tobacco Co. .100
Preferred
100
Hecker-Jones-Jew'l MiU
Ist 6s 1922
M-S
Herring. HaU-Marvln 100
Ist pref erred
100
2d preferred
100
1158
1910
100
100
80
15
28
36
•4
10^
1
40
2
5
1
-
35
30
M-N §102
I
924
104
Hoboken Land c& ImplOO 200
Houston OU
.
H
I
105"*
^>»
12
Preferred
194
90 100
Interna t'lBankingColOO I42I2
5>»
Int'n'lMerc Marine. 100
6
1834 194
Preferred
100
60
Col
tr
deb
75
4
'2l922op'07
Electric Companies
1312 15
International Salt
100
Chicago Edison Co... 100 140 115
1st g 5s 1951
48
50
HKingsCoElL&PCo 100 193 197 International SUver.lOO
9212
90
30
sV.
Narragan (Prov) El Co 50
Preferred
100
48
1st 6s 1948
J-D §100 101
Q El L<fePowColOO 40
79
81
Preferred
Lanston Monotype
9
100
20 t
94
20
UnitedElectricot N JlOO
Lawyers Mort Insur.lOO 180 190
6714 Lawyers' Title Ins. ..100 ^90
67
300
48 1949
J.D
Lord cfc Taylor pref ..100 102
HLorUlard (P) pref ...100 115
Ferry Companies
24>«
Mackay Companies ..100 23
6I2
5I2
67
Brooklyn Perry stocklOO
70
Preferred
100
Madison Sq Garden.. 100
10
20
B<feNYlst68 1911. J-J 105
Con 5s 1948 See Stock Exch Ust
2d 68 1919
M-N 60
N Y & E E Ferry stk. 100 75 80 Manhattan Transit 2Q, t lia 13^
90
8
10
1st 58 1922
Mex Nat Construe. pflO()
M-N 89
SI*
N Y <fc Hob con 53 '46. J-D 106 108 Monongahela B Coal. .50 ^ 8
1934
Hob Py Ist 5s 1946 M-N §108 110
Preferred
50 t 19
1024
N Y<fe J 1st 5s 1946. J-J §102 104 Hosier Safe Co
100
60
40
10th <fe 23d Sts Perry lOO
UNat Bnam cfc Stamp 100 14 la 164
87
70
82
1st mort 6s 1919. ..J-D i 94
llPreferred
100
2912
National Surety
IfUniou Perry stock .100
100 115
....J
89
42
4S
Hist 58 1920
M-N 88
IJNew Central Coal ....20
N Y Biscuit 6s 1911. M-S 105
Railroad
N Y Mtge cfe Security. 100 110 125
16
20
Chic Peo <fe St L preLlOO
TlNew York Dock
100
312
40
Deposited stock
llPreferred
100
10
Undeposited stock
N Y Transportation. ..20 4I2 3^
105
Prior lien g4'<is'30M&S
Nor
Lum'r cfc PulplOO
I's
3
31*
90
434
88
Con mtg g 58 1930. J&J
UOntario SUrer
100
28
32
24
29
Income 5s 1930
Otis Elevator com. ...100
88
90
Preferred
Chic B I <fe Pac— Bef g 48
100
11
8
1934 op to 1911.. ..A-O i 9312
Phoenix Mining
1
253* 254
as
Erie con v4sAprl'53A&0 § 85
Pittsburg Brewing
60
4512
4534
Y Cent deb 4s '34.M-N § 98I4 981a Preferred
50
14
Northern Pacific
Pittsburg Coal
1 00
100
132 139
6412 55
When released
Preferred
100
Northern Securities.. 100 10012 101 14 Pratt cfc ^Vbitn pref.. 100
99
212 BeaUy Assoc (Bklyn)lOO 124
2 Is
130
Beduced
36
Pitts Bess & L E
Boyal Bak Powd pref .100 104 105
50 t 33
73
76
63
Preferred
61
BusseU
Erwin
t
cfe
t
60
25
190
Seaboard Air Line—
Safety Car Heat cfc Lt 100 180
90
91
CoUtr 581907 op. ..M-S
Seminole Mining
6
*s»
30'-,
25
South Pac pref (w 1) .100 llTa II2I4 Simpson Crawford Co 100
40
SO,
Va cfc Southwestern. .100 32
Deb sf 6s '24 op '05.. J J 65
Singer Mfg Co
100 400 450
Industrial and Miscel
7
6
Standard MiUing Co. 100
28'
90 100
25
AUlance Bealty
Preferred
100
100
11
12
74
754
llAlUs-ChaUuers
63
100
54
48
llPreferred
Standard OU of N J. .100 629 632
100
67
28
32
Standard CouplercomlOO
TIAmer Bank Note Co. 50 t 64
414
American Can com. ..100
43b
Preferred
100 110 125 J
413.
'4
42
Preferred
Storage Power
100
50 t
95
94
American Chicle Co. .100
Swift cfc Co .See Boston St k Exc h'ge
83 "2 85
Preferred
1st 63 1910-1914. ...JJ §10114 1014^
100
•4
30 1
American Elevate<l
Tennessee Copper
25 t 25
Am Malting 6s 19 14. J-D 100 102 tJTexas cfc Pacihc Coal 100 75 90
Amer Press Assoo'n.lOO 90 100
1st 6s 1908
A.O §105 110
20
450 J
Amer Shipbuilding.. .100
Title Guar cfc Trust. ..100 435
Preferred
SI"* 84
TiUe Ins Co of N Y..100 135 145
100
4
2
Am Soda Poun com.. 100
TouapaU Miu (Nevada). t r
72
8
67
Ist preferred
TreutonPotteries comlOO
100
14
11
S-i
2d preferred
Preferred new
100
100
American Surety
Trow Directory new.. 100 65
60 100 170
1
Amer Tobacco com... 50 250 500 Union Copper
10
UPrelerrod
67 V 69
Union Switch cfc Signal 50
100 133 138
110
Preferred
Am Typefo'rs com. ..100 27 32
50
88
79
82
84
Preferred
100
Union Typewr com. .100
3I9
314
Amer W^riting Paper. 100
Ist preferred...
100 108 111
HI
ViU 123,
Preferred
2d preferred
100
100 108
7312 UnitBoxboardcfc Pap. 100
5s 1919
JJ 72
712
20
8>»
HBarney <fc 8m Car ...100
Preferred
100
2
llPreferred
24
U S Cotton Duck
100
100 110 120
160
130
20
Bliss Company com
50
U S Envelope com... 100
;
70 /
68
Preferred
llPreferred.
50 130 145
100
Bond cfc Mtg Guar. ...100 345 360
U S Bealiycfe Imp .See St'k Exch list
7
Borden's Cond Milk.. 100 120 123
U S ShipbuUding (wi)
41
Preferred
Preferred (w 1)
100 109 111
20
23
Camden Laud
3 t
5 certifs
h
Celluloid Co
100 112 113
U S Steel Corp new 58 See Stk E X list
18
13
Ceut Fireworks com. 100
Col tr 8 f 5s '51 opt '11 .. }1U7'2 1084
65
60
Preferred.
100
Coltrs f 6s '51 not opt.. {lOTis 1084
1'.
7
1
6
Central Foundry
100
Universal Fire Ext'r. 100
6'2
8
Preferred
14
100
Universal Tobacco.. .100
53
60
4
Preferred
Deb 68 1919 op 'OlM-N
100
Westchester cfe Bronx
Century Bealty
100 105 115
130 150
Title cfc Mort Guar Co
Chesobrough Mfg Co 100 400 430
95
Westingh Air Brake. .60 1130
1ICUaiu(H B) Ist pref 100[ 90
90
95
White^Knob Mining. 10
3^ 44
1I2d preferred
100|
91
97 <2 Worthing Pump prof. 100 lie 119^
1001
it Common
Hudson Bealty
•
Outside Securities
A
Weekly Beview
of Outside
Street llailways
NEW YORK
Market will
^i^
32
Bleeck St <fe Ful FstklOO
94
Hist mort 4s 1950 ..J-J
1IB'y<fc7thAveitk..lOO 240
1T2dniort 6sl914 ...JJ 104
Con 5s 1943 See Stock Exch
B'-way Surl 1st 5s gu 1924 n08
2d 63 int as rental 1905 i 99h
1IC6nt'lCrosst'nstk..lOO 290
HlstM 68 1922 ...M-N §117
TICenPkN<feER8tk.lOO 204
flChr'fr&lOthStstklOO 177
Col& 9th Ave 5s ySee Stock Exch
Dry
D E B & 3—
1914....F.A
HEighth Avenue St.. .100
HScrip 6s 1914. ...F-A
TI42d&GrStF'y8tk..l00
& St5f Av-llOO
i2d St
ristmort 6s 1910 VS-S
112d income Os 1915 J-J
InterborougURapTr.lOO
M
Lex Av
Ust
110
101
twt
a preceding page.
3h
1st 5s 1928
J-J
JLouisv St53l930..J&J
Lyim& Bos 1st 5s '24. J-D
New Orl Rys Co
100
ni3
9%
Preferred
100
1952
J-J
4><28
& Pav F 53
Ist 48 1948
Cons Trao
list
110
100
390
106
390
112
101
405
106
405
70
60
104^2 107
85
80
133 133».
See St k
Metropol Securities See
Metropol Street By See
Nintli Avenue stock. 100
Second Avenue stocklOO
Hlstmort 58 1909 M-N
ConsolSs 1948.... F-A
Sixth Avenue stock 100
S ou Boulev 58 1945.. J-J
So Fer Ist 68 1919. ..A-O
Third Avenue See Stock
P <fe 58 1928
Tarry
Exo
Stk E
Stk E
185
205
5102 "u
Ust
X
95
of
list
97
113»2
M-N
N J... 100
4334
49I4
19
21
6934
70>4
67
67 >2
114
101
Essex Pas 68 1906 M-N §100
Rapid Tran St By.. 100 245
Ist 5s 1921
A-O 2109
Hob&PatersonlOO
101
693,
88
MS noo
No Hud Co By 63' 14 J-J ai2
J-J nio
58 1928
Ext 58 1924
M-N no4
Pat City con 68 '31.J-D §122
2d 6s. ...1914 opt A-O noo
X Ust
192
209
103 "s Eochester Tly
100 100
Pref err.M
100
Jill's 11212
Con 68 1930 See PhUa Ust
172 176
2d 5s 1933
106
J-D noi
J 102
n06 108 So Side El (Cliic) stk. 100
Syracuse Kap Tr 58 1946 101
Exch Ust
9 '4
Unit Bys (St LTrans) 100
100 106
Preferred
100
52 Hi
rker8StRR5sl946A-0 104 107
Gen 4s 1934....SeeStk Exch
28th & 29th Sis Ist 68 '96 §110 113
UnltRysSauFran /SeeStk Exch
TITwenty-Th'd St stk 100 390 400
J-J
99
Wash By & El Co.. ..100 13
96
Deb 68 1906
Preferred
100
Union Ky Ist 6s 1942 F.A 109 112
61^
48 1951
J.D
We8tchestl8t5s'43 J-J 102 106
78
100
43^
H West Chicago St
llCong 68 1936.... M-N i 72
BEOOKLYN
W
Atlan
Ave
M
6s 1909. .A-O
no2
W
E 6s 1933. .A-O 100
BB&
Brooklyn City stook... 10 233
Con 68 See Stock Excli list
Bklu Crosstn 58 1908. J-J 102
Bkn Hgts l8t5s 1941 A-O 105
BklnyCo<fcSub
Bklyu Rap Tran
Stk Exch
See Stk Kxch
<S'ee
llConey I8. &Bklyn ..100
Ist cons K 4s 1948. .J-J
68 1939. J-J
BrkC&N
Cent Union Gas 1st 5s...
Con Gas (N Y)stk. See St
Conv deb 6s ctfs SeeHtk
EquitQa8con58l932 See
HMutual Gas
100
New Amsterdam Gas
234
106
list
list
105
100
102»2
90
lOHi
53'2
Ust
Ust
16
62 »2
79
76'
110
{107
Exc h Ust
Exch Ust
k
Stk E X Ust
290 310
Exch
list
cfc
114
110
§111
{107
35
§104
130
156
§110
107
140
170
113
61
91
52
93
Blughamton Gas 58 1938 i 95
98
Buffalo Street By—
Brooklyn Union (ias deb
Ist oonsol 68 1931.. F-A
6s 1909 conv '07. ..M-S 183 "a 184'2
113>v
A.O {105 107
Buffalo City Gas stock 100
Deb 68 1917
4'4
4
Chicago City Ky stk. 100 170 177
Ist 6s 1947 See Stock Exch list
Chicago Gas See N Y Stk Exot: list
Chic uuionTraoSeg St'ck Exch list
Cleveland Electr Ry.lOO
72
Cincinnati Gas <& EloolOO IO214 103
71
Columbus (O) St By.. 100 91^4 0134 Consol Gas of
J
100
Preferred
Ist 68 1936
100 100
J-J i89
9a
Colnm Ry con 6s See Ph na list
Consumers' L
<& Pow—
Crosst'wn l«t58'33.J-D no6a« 108
58 1938
J-D §101 103
Grand Rapids Ry
60
100
60 f
67
H Detroit CltyOaa
N
H
Preferred
i
100
EUzobet^Gas Lt C0..IOO 200
83
Bo/er p»ys accrued l&teresb
1
Price por
ali»re.
^
I
,
Am
;
.
N
:
'
I
^
J
Ist C0U80I 53 1948. .J-J §10734 109
NY GEL H&P See Stock
N Y East River Gas—
330 350
100 ij 101
111 114
100
102
1st 53 1944
J-J
Consol 6s 1945
J-J
Qr'pt c&Lorimer St 1st 6s
N Y <fc Bichmoud Gas. 100
Nor Uu Ist 6s 1927. M-N
Kings Co. Elevated
llSlaudard Gas com ..100
Ist 4s 1949 See Stock Exch Ust
100
llPreferred
Nassau Eleo prel
75
100
A-O llOK.. 112
ist 6a 1930
6s 1944
M-N
See St k Exc h Ust
l8t4s 1961
OTIIKE CITIES
N Wb'g&Flatl8tex4'aK 101
Amor Liglit* Tract. 100
Stelnway Ist 6s 1922.J-J ni4 116
Preferred
100
Bay State Gas
50
OTHER crriss
Qr SWfcNew 1st 5s '06 F-A
70
90
101
Gas Securities
NEW YORK
A-O 110
Con 68 g 1931
Impt 5s See Stock Eic h list
N
I
110
17
4s g 1949
M-N
So J Gas El <fe Trac 100
Gug6s 1953
!
I
J-D n08»2 109
New'k Pas By 58'30J-J ni3
Or <fe New 1st 68 '05 A-O noo
J
,
I
10
291a 31
74
77
72
75
95 100
North Chic Str stock. 100
Pab Serv Corp of N JlOO
Tr ctfs 2% to 6% perpet
North Jersey St By lOU
121
209
185
NY&
>
Ask
Bid
Lake St (Chic) El stk. 1 00
Ist 68 1933
Hist gold 53 1932. ..J-D
flScrip 58
34
97
245
107
found
Street Railwnys
Ask
CITY
be
Sale price,
i
.
,
',
j
a
Ex rights. xEsdivj llseUson Stock
i&xctu^nge, but not
av^ry aoUve
8eoiultx;''^lJ
.
Aug.
6,
.
I..
.
.
THE CHRONICLE.
190f.]
InxT^stmjewt
"'"'
621
and Railroad %nUlliQtncz.
raHTroad gross
eXrjnTngs^
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross
ROADS
Current
Year
Week
or
Earnings
Month
Jul J 1
J^evious
Year
to Latest
Current
Year
Latest Gross Earninys
Date
Previous
Year
ROAD3
Week
or
Current
Year
Month
55,410
19,41«
Brunsw.&Birm Apiil.....
1,764.190
1,805,412 20,544,975
Liine..(
June
Atl Coast
......
154.148
15.204
13,417
Bait <fe Ann SI... May
5,381,898 5.837,436 65.071,081
Balt& Ohio
June
156,365 161,158 2,015,356
BanKor & Aroosi June
66.401
4,653
6,199
Belief on te Ceut'i June
42,341
5.050
3.156
Bridgt &, Saco R. May
646,050
223,258 231,417
Bull Koch & eicts 4thwkJuly
84,33'2
881,737
83.194
Buflalo ASneq.. May
303,900
80,900
Canadian North.. 4thwkJuly 108,300
Canadian faclUc IrthwkJuly 1,368.000 1,324,000 4,316,000
513,690
174,890 165,800
Cent'lot Georgia 3d wk July
1.924,915 1,839,276 19,795,680
Cent'lofNJersej May
Central Pacitic. January . 1,460,659 1,349,578 13.775,430
7,618
2,965
1,966
Chattan South'n. 3d wk July
1,617,942 1,502,160 17,559,808
Chesap & Oliio... May
842,92m 837,703 10,469,685
Ch:o<!fc Alton Ry. May
180,945 203,808
524,4231
Ohio Gt Western 4thwkJuly
306,099
Chicind AiL'v... 3d wk July 100,087 107,067
3,866,198 4,050.923 48,330.335
Ohio Mllw & 8t f June. ..
4,380,557 4,796,729 53,334,632
Chic & North
H June
851,696 996,086 11,438,287
Chic St P
& O June
126,253
42,114
45,329
Chic Term Tr RK 4thwkJuly
364,942
Cln N O & T Pao 3d wk July 131.332 135,240
19.031,211
1,775,884
L
1,806,680
Cln
Ch
&
St
May
CI
250,120 273,974 2,785,120
Peoria & East'n May
475,533
113,312 140,289
Colorado «StBoutli ithwkJuly
22i,035
13,732
13,339
ColNewb &Lau. June
44,979
39,204
466,453
Copper Range... May
68,422
6,612
Cornwall
9,394
May
222,828
21.121
26,296
Cornwall ALeb.. May
Cumberl'd Vallej January... 149,750 125,193 1,291,195
Denv. & Rio Gr. /
418,500 503,800 1,287,900
Kio
West. ithwkjuly
W
Gr.
5
Maol^iuao. June
Detroit Southern. 3d wk July
Det
<&
DulSoShi&Atl.. 4thwkJuly
May
Erie
EvansvA TH... Ithwk Apt
F'rohUdAN'r'e'r. June
Farmv& Powhat May
Ft W& Denv City May
Georgia
RR
June
June
GllaValGAi N.. January ..
Gr Trunk System 3d -wk July
GrTr. West'u 3d wk July
DetGrH&M.. 3d wk July
Great Northern.. June
Montana Cent'l June
Total system. June
Qulf&Shiplsland 3d wkJulj
Uoclilug Valley.. 4lhwkJuly
Hous & Tex Cent January ..
H & E W. Texas January ..
Hous Shrevep't January ..
Illinois Ceutral.. June
Illinois Southern June
Indlll & Iowa... June
Int <fe Gt North' 4tuwkJuly
Ga Souths
Fla..
,
<fe
II
{Interoo(Mex)... Wk July 16
Iowa Central
3d wk July
Kauawba <& Mlcli 4thwkJ3ily
Kan City South'n May
LakeEne&Westn June
Lehigh Val HU.. May
Lexlug ibEast'u. June
May
Long Island
LoulBlaua & Ark. June
Loulsv Uen&St L March
Louisv at Nasliv 4thwkJaly
IMacon&Birm.. Juil£
Man'tee&Gr. iva May ...
Latest
to
DaU
Previous
Year
S
M8tP&8
& Bir. a April
M
t
Current
Year
Previous
Year
%
52,329
157,270
157,318 Mania <& No East
55,443
Ala Gt Southern 3d wk July
Manlstique
Ala N O & Texat^ Pacitic.
38.000
38,000
38,000
38,000 Maryl'd & Penn..
NO&NoEast. IstwkJnly
18.000
18,000
15,000
15,000
Ala & VlckBb'g IstwkJuly
tMexloan Cent'l.
18.000
18,000
19,000
19,000 t Mexican latern.
Viokeb 8h & P. IstwkJnly
Inc 247,866
Dec. 54,240
{Mexican Ry
Allegheny Valley May
107,682
33,532
33.063
106,756 tMexloanSouth'u
3d wk July
Ann Arbor
5.117,467 4,487,606 68,171,200 62,350,397 Millen & So'w'n.
Atoh Top & S Fe June
274,176 243,040 3,251,025 2,915,530 Mineral Range..
Atlanta & Char. May
721,02
60,000
61,266
703,559 Mlnneap A. St L.
Atl Knoxv & No June
Atlantic
July
.9,682,455
113,252
13,449,633
1,S00.168
67,038
44.285
717,385
920,936
254.800
3,997,344
430,900
.7,344,188
.2,847,305
6,454
-5,186>551
9,323,135
613,870
313,643
17,662,738
>0,639,140
12,099,339
540,727
192,922
353,249
85,375
228,553
842,194
1,485,000
953,707
89,872
257,410
41,436,484
1,445.527
39,750
69,884
2,273,997
2,308,299
86,960
82,520
981,313
30,813
21,482
64,605
8e,393
235,761
76,696
3,869,030 4,264,190 41.108,530
44,936
47,139 1,485,129
3,027
2,744
36,010
9,298
7,204
76,735
152,566 180,766 2,321,564
158,627 164,858 2,418,283
134,148 140,468 1,693,.541 1.635,191
30,920
235,533
179,385
29,078
671.816 729,216 2,066,339 2.166,074
309.222
77,480
91,948
256,762
20,819
67,610
30,931
95,601
2,933,517 3,376.188 38,643,428 39,567,322
186,826 171,459 2,318,769 2,111,779
120,343 3,547,647 40,962,197 41,679,101
105,785
33,405
36,669
98,435
153,210 131,397
557,832
569,388
418.280 460,339 3,461,608 3,358,251
555,001
69,903
81,363
519,274
144,551
16,514
19,041
124,142
3,827,207 4,087,561 46,634,117 45,136,077
148,823
25,161
12,754
254,066
•130.001 128,828 1,576.489 1,716.716
156.800
412,597
142,122
388,880
238,180
101,400
88,040
232,870
129,473
44,051
43,700
136,247
124,678
42,438
132,604
43,243
537,852 505,068 5,985,446 5,621,067
413,095 466,026 5,086,729 4,908,317
2,514,006 2,624,098 27,086,112 23,953,356
574,786
64,710
611,947
51,055
Dfc. 7,877
Inc. 296 227
532,534
56,155
704,671
60,785
608,436
672,340
942,155 98i',888 2,843,380 3,021,231
148,856
8.585
10,137
131,005
129,139
9,682
10.579
81,583
35,597
8,115
April
June
WkJuly 16
2d
wk July
June
4tiiwfeJuly
3d wk July
StM. 4thwkJuly
23,376
2,347,081
572.458
103,000
17,223
5,294
20,665
53,732
182,661
Mo Kan & Xexai- 4thwkJuly
Mo Pao & Iron Mi 4thwkJuly
500,016
1,241,000
49,000
Central Branch IthwkJulj
4th'wkJuly 1,290,000
Total
8,410
Mob Jack & K C- WkJuly 23
Mobile& Ohio... 3d wk July 130,112
NashChA StL.. 3d wk July 188,913
JNaflRRof Mex 3d -WkJuly 204,682
19,964
Nev-Oal-Oregon June
1,859
Nevada Central.. May
*6370052
N Y O & Hud Rlv June
570,49
N Y Ont West. May
&
N Y Susq & West May
249,674
& West'u
June
Northern Central June
Ncrth'n Pacitic. June
Nor Shore iCaU February..
Ohio Rlv& West.. May
Pacitic Coast Co. June
ePenn— EastPAE June
June
eWeet P & E.
Pere Marquette w 4thwkjuly
PhilaBalt&W'sh June
Norfolk
.
140,520
385,867 Phlla
l8,351,749
2.666,827
May
June
June
&
Pittsb
May
Erie
C C & St L June
<fe O Fear June
Raleigh
May
May
May
& P May
Reading Railway
Coal&IrCo....
Total Both Cos
Rich Fr'ksb
Rio Grande Jet.. May
Rio Grande So... 3d WkJuly
.
May
Rooklsl'dOo
May
St Jos &Gr I
San Fran e May
St
St L Southwest . 4thwkJu]y
L&
StLVan&TH.. June
SanFran&NP.. June
Seaboard Air L. 3d WkJuly
Southern Ind
June
So PacitloCoft... Ma.y
Central Pacific. January...
Gal Har & S A. January...
Gal Hous <Sc No January...
GulfWT&P.. January...
Loula'a West.
January.
.
.
Morgan's L & T January
N YT&Mex .. January
.
..
Oregon & Calif. January.
So Pao Coast.... January...
So Pao RRCo.. January ..
.
So PaoSS.Llnes Jauuary..
Tex&NOrl
January...
Southern Ratlw'y 4thwkJuly
TerreH&Ind... June
Terre H & Peor.. June
Texas Central
3dwkJulj
Texas & Pacific. 4thwkJuly
TexS
W.. June
Tol & Ohio Cent 4thwkJuly
TolP&West.... 3d WkJuly
TolStL&W
3d WkJuly
Tor Ham & Butt. IstwkJuly
Un Pac System May
Virginia & So Wn June
Wabash
4thwkJuly
. .
V&N
.
W Jersey
<fe
Sea'e June.
Wheel & LB
4thwkJuly
Wm'sport&N.Br. May
Wisconsin Cent.. 4thwkJuly
Wrightsv & T'n.. May
Yazoo <fe Miss. V. June
,
1,975,912
321,153
82,983
296,297
23,794
2,213,447 17,25(;,092 15,158,429
554,431 6,932,877 7,152,994
227.800
240.90(1
101,800
40,960
43,265
17,875
60,19s
46,799
3,212
56.134
48,727
16,319
163.348
162,619
51,612
597.747
560,473
160,378
490,013 1,338,397 1,327,103
1,467,000 3,117,000 3,470,000
112,000
131,000
63,000
1,530.000 3,229,000 3,601,000
20,244
26,360
6,967
12)*, lb\
353,498
372,12^
517,087
533.286
183,95s
218,626
589,929
677.389
194,010
16,963
195,64a
36.523
3,22s
27.517
6,724,770 77,500,900 77,605.771
621.952 6,010,110 5,533.813
283,44
2,398,280 2,377,950
1,968,558 22,800,991 21,160.673
872,702 10,048,648 9.404.449
4,245,950 47,456,926 47.258.349
389,649
345,070
33,284
i77;2oa
191,304
17,393
578.599 5,902,973 5.606.754
29,551
7,337
379.342
76,262
306,795
892,902
4,041,842
30,321
18,405
591,980
9,777,559 10327859 119166794
Inc. 60
Dec. 57 4,500
903.478
333,284 302,535
1,206,417 1,176,217 13,59b.649
652,461 673,214 6,929.481
2.020,949 2,139,56:;: 24,337,136
50,142
3,940
2,956,970 3,295.110 31,900,073
3,347,691 2,952,83b 32,225,018
6,304,661 6,247,948 64,125,091
187.552 153,600 1,364,308
539.302
46,346
51,545
26,985
10,646
9,440
""^
3,025,225 3.196 735 41 575,876
103,052
93,147 1,219,020
2,642,320 2,595,818 32,374,767
641,981
213,803 184,434
265,943 198,170 2,567,480
125,704 126,591 1.357,666
708,259
228,980 228,24;t
95,60ii 1,290,045
103,305
7,608,720 7,459,844 85,965,497
1,460,659 1,349,57!? 13.775.430
580,584
593,810 4.221.191
807.199
77,226
99,724
96.570
10,300
12,547
161,51
161,821 1,144,280
417,904 473,036 2,990,79J
292,660
30,084
36,645
312,659 288,974 2,576,550
681,749
65,523
70,159
2,619,233 2,503.802 19,658.844
3,405,692
453,189
302,477 287,550 2,253.290
1,196,626 1,194,929 3,693,223
170,934 172.896 2,080,932
62,76s
626,816
51,33
24,468
7,797
9,002
757,385
276,140 277,25s
10,000
153,684
9,000
353,497
118,147
96,823
67,012
24,298
23,949
57,439
177,831
56,077
13,954
13.954
11, 56s
4,551.769 4,069.449 50,661,862
604.536
58,133
47.131
686,938 676,905 2,082,152
406,624 380,924 4,311,158
146,885
345.081
124.197
14,92'.^
153,698
13,013
567.246
177,900 202.429
162,270
10.968
9,596
587,171 566,780 7,890,735
119398694
5,200
932,554
13,169.449
6,332,883
23,601,186
29Vl64,89i
20,098,906
49,203,797
1,192,248
533,719
32,750
41,473,541
1,285,295
20,392,290
553,537
2.393,300
1,299,279
714,242
960,495
80,552.321
12,847,303
4,014.013
696.20i
106.623
1,168,165
3,013,301
288,263
2,344,2ia
565,161
17,932,7U
1,917.719
3,594,7301
l,906,43ti
607,620
21,785
783,779
149,500
316,783
74.950
152,240
11.568
45,715,403
614,859
2,000,156
4.040.958
425.039
166,235
614,624
164,053
7,330,083
VARIOUS FISCAL VKAKS.
ROADS
Gross Earnings
Allegheny Valley
Atlanta & Charl Air Line.
Atlantic & Birmingham a
Bellefoute Central
Chicago & Nortli West. If „.
Chic St P Minn & Omaha..
Cuniberlaud Valley
luternutioual & Gt North'n
Lake Erie & Western
ManiHteo & North Eastern
MauiHtique
Maryland
Si
Jan. 1 to
Mar.
...
May
Mav
31
31
Deo. 1 to Apr. 30
Jiin.
1 to
June
1 to
Jan.
Jan,
Jan.
Jan.
Jan.
Jan.
1 to
June 30
June 30
June 30
1 to
Jan. 31
Pennsylvania Mar.
Missouri Pacific
Ceutral Branch
Total
IMexican Central)
Mexican International
1 to
Jan.
Jan.
Jan.
Jan.
Jan.
1 to July 31
1 to June 30
1 to May 31
1 to June 30
1 to June 30
1 to July 31
1 to July 31
1 to July 31
1 to Apr. 30
1 to June 30
[Current Year Previous Year
Decrease.
876,622
288,127
29,455
4,380,5.57
4,980,036
149.750
2,770.778
2,325,228
182,059
35,962
100,0(;2
22,700.966
017.000
23,017.966
9,044.418
3,561.606
$130,417
808,399
37,126
4,796,729
5,597,018
125.193
2,964,556
2,'U7.744
159,793
29,680
102,626
22.993, 164
ROADS
Gross Earnings
JMexican Railway
jMexican Southern
Jan. 1 to July
Jan. 1 to July
{National RRof Mexico... Jan. 1 to July
Northern Central
Jan. 1 to June
North Slioro
Mar. 1 to Feb.
ePennsy., East of P & E... Jan, 1 to Juno
eWestof
E
Jan. 1 to June
Pere Marquette
w Jan. 1 to July
Phlla Baltimore & Wash.. Jan. 1 to Jiuie
Philadelphia & Erie
Jan. 1 to May
Pitts Cin Cliic & St I.ouis.. Jau. 1 to Juuo
Rio Grande Junction
Dec. 1 to May
St L Vandal a & Torre
.. Nov. 1 to Jmio
P&
I
H
732,000 Terre Haute & Indianap .. Nov. 1 to
23,725,164 Terre Haute & Peoria
Nov. 1 to
8,327,285 Texas* Vacitlo
.Ian. 1 to
3,720,548 West Jersey Si Seashore... Jau. 1 to
Juno
Icurrent Year Previous Year
16
14
21
30
29
30
30
^
»2,866,700
564,997
6,424.768
5,040.194
$3,141,900
650,365
6,489.397
4,878,594
632,652
538,43.5
31
.56,695,676
Decrease.
(!,326.041
30
31
6.r>72,81 1
2.75(i,29M
30
11,618.160]
262,0111
1,717.662
1,320,719
31
30|
30,
Juno 30
July 31
June 30
60,153,270
1.375.100
6,223,583
6,624,011
2,928.110
11,H80,844
I
269,08.'>
400,«13L
6,188.283
1,775,452,
•
1,602,588
1.267,379
402.548
6.309.300
1,724,863
f Result*
on Monterey <ft Mexican Gulf are inolurted for both periods.
currency.
V Includes trans-MUBOurl line*
J Mexican
Blnoe Feb. 16, 1903.
« Covers lines directly oyovb Includes the Hous. A Tex. Cent, and Us subsid. lines In both years and for both periods.
Sanlpra
ated.
t Including 8av. Flor. & West, and also Florida Southern aca
a Includes the Chicago A Eastern Illinois In l)oth years.
A 8t. Petersburg Uys. In both years.
re Includes I^ke Erie A Det Rlv. Ity. from Jan. 1 both years.
a Tlie»« flguies are for the oonsolIdated company, luolttdlog Tlftoa ThOBV <Jb Gulf and Illton A Nortbeasteru. *Ap^rox^ai[| fUuxeai
.
—— —
..
THE CHRONICLE.
622
Lateat btross Earnings by Weeks.— In the table whlob
follows we sum ap separately the earnings for the fourth
The table ooyers 26 roads and showe
we<4k of Jaly.
209 per oent deorease In the aggregate from the same week
last year. The week this year contained two Sundays against
only one last year.
1904.
4(A week of July.
BaffftloRooh.
*
Pitteb'sr
& Bonthem
Denver
A
Oalnth
80.
'
Kto Grande
Shore & At..
Hooking Valley
International
KanawQit
&
<te
Gt.No..
Mlchlfran...
LoolBvUle & Nashville..
Mineral Ranire .........
Minn. 8t P. <Si8. 8te. M
Mob. Jaokeon & K. atjD
Mo. KariBaa (h Texae. ...
Mo. Pacific & Iron Mt . .
Central Branch
Pere Marauettet
St. ivOD 18 South western..
Southern Railway
& Paclllc
Toledo A Ohio Central..
Texas
Wabash
Wheeling di Lake Erie...
Wisoonsln Central
,
Total t26 roads)
Net decrease (2-99
223.2SP
108,800
1,368.000
180.945
42,U4
113,812
418.500
76,698
153.2 LO
142,122
43.243
942,155
20,665
182.661
8.416
500.016
1,241,000
49,000
333,284
213,803
1,196.626
276,140
S
231.417
80.900
1,824,000
203.808
45.329
140,289
503,800
88.393
131,397
156.800
42.438
981.888
16.319
160.378
6,967
490,013
686,938
124,197
177,900
1,467.000
68.000
802,535
184,484
1,194.929
377.258
96,823
67«,905
146,885
202,429
8,940,648
9,216,334
11>J.147
Decrease.
Inereoie.
1908.
S
Canadian Northern
Oanadlan PhoIHo
Ohio. Great WeBtem
OhloaRO TeriTi. Transfer.
Colorado
9
8,159
27,400
44.000
22,863
8.215
26,977
85,300
11,697
•*•• •••
21,818
14,678
805
39,738
4,34e
22,283
1.449
10,002
--..
..
-
30.749
29.36»
........
l,6iJ7
1,118
21.324
10.033
22,68 S
24,529
500,957
225,271
27ft.6-'6
p. o.)
& Detroit
For the third week of Jaly our final statement covers
49 roads, and shows 1'34 per cent decrease in the aggregate
from the same week last year.
of July.
PreVlonsly rep'd (43r'dB)
Detroit Southern
eolf A Ship Island
Interooeanlo (Mex.)
Mexican Railway
Seaboard Air Line
Central
Total (49 roads)
Ret decrease (1-54
H Figures are
tor
1908
1904.
Deereeue.
tnerecue.
»
S
7,917,351
21.482
33.405
11101.400
11103,000
228.980
9.002
8,053,266
30,813
36,66»
8,414,620
1[88,040
11101,800
9
223,552
9
359.467
9,331
8,264
13,366
1,300
228.249
731
7.797
1,205
8,546,634
240,048
372,062
1S?,014
o. o.i.
week ending July
16.
For the month of July the returns of 26 roads show as
follows:
Month of
1904.
Jxily
1903.
It will
the
be seen that there is a
amount
loss
Per Cent.
Decrease.
$
$
erosB earnings (26 roads) 26,327,526 26.724,866
$
397,831
1-49
on the roads reporting
in
ig
—Ourrenl
Oross Uarningn. —
Previous
Year,
Year,
Boads.
S
$
AtOh.T.A8. Fe.b.June 5,117,467 4,487,606
July 1 to June 3u.... 68.171.200 62,350,397
a Atlant. Coast L.a. June 1,764,190 1,805,412
Jnlj 1 to June bO. ...20,544,975 19,682,455
156,865
Bangor&Aroost'kbJune
161,158
July 1 to June 30
2,015,356 1,800,168
707,720
BaS, R. A Plttbs.b June
688.880
July 1 to June 30.... 7,529.957 7,452,733
264,300
Canadian Northern. June
297,600
July 1 to June SO
8,124,600 2,304,450
668,383
669.156
Oflnt. ol Oeor^ta.a June
Net Eariiiiigs.
Previous
Current
Year
Year.
$
$
.
tl,569,616 U.189.722
t25949167 t33913286
667,465
778,360
7,717,882
55,988
7,070,119
69,124
756.414
309.387
669,608
830.920
3,121,151 3,220.328
89,300
87.800
1,006,800
769,510
236,494
62.376
July 1 to JuneSO... 9,896,981 9,164,470 2,209,^46 2,071,921
Ohio. M. * St. P. a. June 3,8^6.198 4,050.923 1,097.741 1.045,897
48,330,335 47,662,738 16,453,745 16,061,564
July 1 to Juno 30
.
556,777
Oolor'do&Sonth.b.Juue
450,697
5,702,687 6,143,989
July 1 to June 3o...
13.732
13,339
Oolnm.Newb.&L.b June
224,035
192,922
July 1 to June 3o ..
Cumberland Telephone A
329,962
287,198
June
Telegraph Co
854,437
978,023
Apr. 1 to June 30
228,275
273.094
Dal. So.Sh.&Atl.b.June
July,! to June 30.... 2,524,613 2,772,135
19!».026
175,671
Iowa C^Wral a. June
July l^to June 30..-. 2,377,105 2,405,543
51,056
64,770
Lexlng'n & Eaut. i». June
.
Set
Juartiiiigs.
Previous
Current
Tear.
Year.
Year.
I '•eviou*
Year.
Roads.
U Iner al Range b
.
50,334
Jane
55,194
July 1 to June 30
660,468
589.798
Mlnn.A Bt.Lonla.a.June
256.608
240,593
July 1 to June 30
3,850,^65 8,265,472
M. St.P.AB. B.M.b June
628,816
651,829
July 1 to June 30
6,993,498 7,23 7,264
Nash. Oh.<k8t.i..b..June
877,676
865,419
July 1 to June 30
10,206,022 9,606,370
cNat'l RR. of Mex.. June
036,471 1,065,271
Jan. 1 to June 30
5,899,46a 6,747,370
b—
Br.'V.Chlo.<t St. Louis
Apr. 1 to June 30
3,256,193 2,040,146
July 1 to June 30
8.599.599 7,962,892
Jan. 1 to Juno 30
4,337,237 4,185,958
Norfolkth West'n.a June 1,975,912 1,968,558
July 1 to June 30.... 32, 800,991 21,160,675
Northern Central bJune
872,702
892,902
Jan. 1 to Juno su
4,878,694 5,040,194
591,P80
PaolQc Coast Co.. a June
578,690
July 1 to June 3o... 5,902,973 6,606,754
. . .
11,760
75,20?
V77,916
13,708
105,021
v93,3 77
Vl049,i61 V1237.530
817,303
SS6,618
8,346.718
236,937
2,621.992
303,720
1,878,554
510,551
1,833,198
025,810
773,372
8,587,261
290,715
940,381
170.927
1,185,028
8,517,842
219.570
2,610,768
395,098
3,028,422
463.231
1.897.143
961.057
856,233
8,468,245
189,516
l,09j,484
184.658
1,311,977
Lines directly opemted
J
AE
E%fit of Pitts.
June 9,777.659 10,827,859 8.702,799 3.506,899
J Jan. 1 to June 30... 56,696.676 60,155,276 14,818,557 17,323,457
Westof Pitts. A E June
Jan. 1 to June 3u ..
Dec.
674,500
Inc.
80.400
Dec. 1,375,100
Deo. 1,390,000
1.176,217
Phil. Bait. A Wasb.bJime 1,206,417
377,435
307,185
6,572,811 6,624,011 1,473.180 1,719,260
Jan. 1 to June 30
46,715
87,942
14,686
81o Grande Sontb June
23,000
461,566
553,554
192,010
278,157
July 1 to June bo ..
211,018
208,744
Seaboard Air Line a June 1,090,107 1,067,269
July 1 to June 30.... 18,311,408 13,706,527 8,177.595 3,887,740
Southern Railway Syst —
P02,873
865,914
Southern Ballw a June 3.487,550 3,359,402
July I to June 30... 45,109,777 42,384,939 11,994,310 11,860,353
637,206
631.975
139,664
60.958
Mobile &Ohlo.a.. June
July 1 to June 30.... 7,789,706 7,486,980 2,339,796 2,276,809
673,886
593.150
12 7,593
135,527
Cln. N. O.&T. P.a.June
6,768.744 6,156,455 1.697.421 1.606,016
July 1 to June 3o
i
SO
260,886
249,4
40.76
51,280
Ala. Qt. South a. .June
3,09^,445 2,749,819
624,925
685.0x6
July 1 to June i>o
134,148
140,168
22,914
24.276
Oa. South. A Fla.s June
415,077
400,780
July 1 to June 30 ... 1,693,541 1,685,191
37,084
35.477
2,829
June
7,213
Cexas Central. a
•
601,615
785,416
185,776
163,733
July 1 to June So
287,746
195,952
63,800
Tol. St. L. A West.. June
8,3 75
47.181
17,031
58,133
21,941
Virginia A So'thw.bJune
604.536
614,359
196,617
240,928
July 1 to June 3o
380,924
406,624
117.885
W.Jersey & Seash.t June
75,355
248.182
264,133
Jan. 1 to June3u.... 1,775,452 1,721,852
—
I-
a Net earnings heregiyen are after dedaotlng taxes.
b ^«i «iarBinfirb neregiyen are beforedelactlngtaxei.
c These figures are In Mexican oarrenoy, and are conyertible Into
gold at the current rate of exchange.
dNet, after deducting taxes is $137,535 and $144,060 for 1904
and 1903 respectively for Jane, and from Jniy 1 to June SO net la
$1,210,016 this year against $1,234,878 previoaB year.
J These figures tnclnde results on the Buffalo A Allegheny Valley
Olylsion in both years.
r For June additional income is $11,700 this year, against $4,169
From July 1 to June 30 addltloaal income this year la
last year.
$49,185 asalnst $;4,&74 last year.
a Including earnings of Savannah Florida Western in both years
and also Florida 80 athern and Sanford A 8t. Petersbarg &t. in both
A
of |397,831, or 1-49 per cent.
Net Earnings Monthly to Latest Dates.—The table f oUowshows the gross and net earnings of Steam railroads
r aported this week. A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found In the Chboniole of July 23,
1Q04
Tha next will appear In the Issue of Aug. 20, 1904.
i
.
Current
Pennsylvania—
Tnolndes Rto Orande western.
t Includes Lake Erie
Bly. RR. In both years. H Week ending July 23.
3d week
[Vol. lxxix
— OroHs KuriiingK. —
226,000
14.000
*
Tftxai*
.
dl54,291
d 1456,253
SI
50,444
dl79,056
dl468,508
def. 3.184
60,651
127,196
112.900
339,422
295,852
74,705
1 13,009
775.156 1,014.015
r35,450
r 10,702
r334,473 r438,553
21,55S
10,5«2
611,947
574,786
173,556
224,868
July 1 to Jiuic 3y...
23,242
60,795
56,155
18,991
Loal8'na<b Arkan.aJune
704.671
532,534
214,400
160,828
July 1 to Juneau...
564,431
235,193
572,458
187,088
c Hex. Internat'l...June
Jan. 1 to June 30.... 8,561,606 3,720,548 1,506,339 1,459,536
years.
T For June
additional income
is $13,476 this year, against $7,008
July 1 to June 30 additional income is $128,328
$i6i,36> last year.
1904, taxes and rentals amounted to $134,777>
t For June.
against $141,967, after deducting which net for June, 1904, was
last year. From
this year, against
against $1,047,755.
From July 1 to June 30, 1904,
axes and rentals amounted to $2,302,600 this year. agst. $2,119,324
ast year, after deducting whlob, balance is $28,646,567 this year
against $21,793,962.
;i!l,434,738,
Interest Charges and Smrplms^— The following roada,iii
addition to their gross and net earnings giyen In the foregoing, also report charges for interest, fto,, with the lurplca
above or dedolt below those charges.
.
Soads.
Bangor
A
Aroost'k. Jane
July 1 to June 30
Cumberland Telephone A
June
Teleg. Co
Tilt.. Ji'eu tal.i, etc.
— ^Pal. of Set Earn'gs.-.
Current
Previotts
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
46,481
660,070
47,957
521,283
21.862
95,032
9,657
196,344
$
11.167
148.375
22,f93
105,334
90,307
•25.784
87.855 *df. 19.343
1,070,091 1,062,660 •df.283451 -df.33,850
•13,497
•11.787
12,397
Loul8rna& Arkan.June
8,593
124,614
•113,972
•108.648
July 1 to June 30...
70,027
•1.877
Juno
•4,555
9,982
9.382
tflneral Rangn...
116,827
118,545 •df.40,869 •def.8,887
Jn^ 1 to June 30
153,423
149,690
83.514
69,880
eiastiv. Chat.tbnt.i. June
1,809,164 1,809,361
816,828
801,416
July 1 to June 30
H. Y. Chlo. A St. L.—
•210.406
•176,692
308,484
307,928
Apr. 1 to Jime 30...,
•624,511
1,313,215 1,313,538
•567,313
July 1 to June 30
•352.243
632,668
e33,358
•315.80b
Jan. 1 to June 30
241,767
222,002
634,231
531.605
Xorfolk 4 WeHt'n... June
July 1 to June 30 ... 2,760.399 2,571,315 5,826,862 6,891.930
•12,102
18,375
15,033 def.3.687
Klo Grande Hoatn June
•73,857
216,616
214,612 *df. 18,227
July 1 to June 3o
246
June
2,583
2.583
4,630
Texas Central
81,000
30,940
154,776
132.793
July 1 to June 30....
•18,262
46,250
64,021
*dt4S,806
Tol. St. L. A West.. June
Oal. So. 8b. A Atl...June
July 1 to June 30
—
—
*
Aiter allowing for other income received.
Aug.
6,
—
..
. .
....
.
THE CHRONICLE.
1904. J
8TBEET KAIL•WA¥^
A.eiy I'ttAUi'lOM
Latett
Gross
Oron Jlaming$
Our'nt
Eabhihos.
Anr. Elgin A Oblo. By May...
June ..
BlBgbamton By
Boston A Worcester.. May...
Bnpllngt'n (Vt.) Trao. June ..
Gal. Oas A Eleotno.. Jane ..
Jane..
Cent. Penn. Tract
ObloaKO A Mil. Elec. Jane ..
Chia A Oak Park. .c June ..
Oln. Dayton A Tol.Tr. June ..
01n.Newp. A Coving.
. .
.
A Traction... May.
Oltlzena' By. A Llg&t
(Mnacatlne, Iowa).. May
Oleve. Palnav.
A E.
.
Dart A W'port St.By
Detroit United By..n
Dalath Street Ry .
KaBt St. LoalB A Sab.
Elgin Anrora A Son.
Wayne & Wabash
Ft.
Tear.
9
9
97.616
664.774
137,202
113,603
Eleo. By. Co.
Honolnln Bapld Tr.
Traction Co.. April..
Indlanap. A East By. June ..
Indian ap. « Martinvllle Bapld Tran.. July.
.
London St. By.(0»n.) June
Mad. (WU.) Traction. June
Met West Side Elev.. July..
Mil. Eleo. By. A LtOo June
Ull.LtHeatATr.Oo Jane
Montreal Street By
June
Hartford
21.504
16,111
32,539
52.627
14.482
12,698
Intemafl Tract Co.
System (Buffalo)... May..
Jacksonville Elec.Oo. May..
Kansas Olty By. A U. May..
LKke Shore Eleo. By June..
AprU.
Lehigh Traction
Ft.
t;i2,340 129,223
27,715
16.440
32,049
75.438
19.483
IlllnolB
Lehigh Val. Trao. Co
June
Street By. Dep
Electric Light Dep. June
Lexington By
June
50,926
57.765
WkJulySl
June..
A Land Co
Honghton Co. St. By May...
St.
By.
Elec.
April..
Hoaston
Monde
500,621
Tear.
*
93.843
604,872
110,085
33,86*9
237',636
93,720
3M4,841
233,321
469,140
39,567
7,729
6,993
35,655
204,752
44,132 40,542
196,845
June
94,760
22.364 19.766
91,403
June
43.73S
44.^60
12.874 12,581
May
3dwk July 95,012 104,929 2,365,488 2,312,106
4thwkJ'ly 18,638 18,595 858.03« 365,364
116,108 85,288 594.218 471,233
June
173,894
168,544
38.101 39,148
May
Valley Traction... June
Havana
Ourrem Pr«v\OH$
107,061 100,891
Light
,
Latett Daie
22,529 22,299
131,308 118,733
41,778
24,665 23,675
37.700
6 840
35,479
7.960
321,264 222,288 1.852,636
246,372
48,823 45,476
40,838 22,483 168.250
389,280
61,830 63,243
43,670 46,496 218,70t>
.
OlevcA 80. W.iT.Oo..
to
Tear.
9~
May...
Albany A Hndeon .
AMertoanK'ys. Oo.n. June ..
CUAr AiMtlua
Jan. 1
f'rev'u$
WttkorMi rear.
268.911 231.987
J960,789 {880,262
163.053
72.976
116.060
309.386
95,168
124,575
73,862
125,075
242,033
69,848
11,613
80,295
8,617
2,504
2,961
6,343
ALt Co.
8,467
2,543
3,094
5.861
36,634
16,754
21,463
22,639
37,968
18,882
22.656
21.382
298,688
81,262
397,085
258,93J
745,411
371,612
71,173
388,982
206,939
718,513
V8,866
26,267
39,014
23.513
25,246
June.
June
June
June
Peeks. I/t'R BB. Co.
Philadelphia Co. and
Affiliated Carper's.
Pittsburgh MoKees*
port A Ureeneb'g..
Pottsv. Onion Tract.
BVB CcOen.— Boads.
Light Co's
Bocbester Ballway .
May..
65,107 55,026
9,061
9,627
80.504 77,971
47,213 40.889
94,264 92.059
113.897 105.370
7,876
6,270
7,152
7,610
7,9U 9.308
June
1,187,318 1.910,889
June
15,875 13,351
17.798 16,262
36,662 29.515
1.724
2,009
129,475 105,861
A
July..
May..
AprU.
April.
May
June
June
June
......
Bockford Belolt A
JanesvlUe
June.
St Joeepb <aio.) By.
Lt. Heat A Pow. Co. June
68,644
70,110
141,4S2
11.85fc
708,158
65,967
66,341
139.416
11,456
602,866
10,174
5.348
U
ntreet Kallway Net Earnlngrs*— The following table gives
returns of 8TBEET railway gross aud net earnings received
t <e
—
—OiirreiU
GrosH Kuril
Previous
i)i<is.
,
Roadt.
Brooklyn H'^hts RR..b—
Apr.
I
to
June
30....
.
Yrnr.
Year.
$
$
3.767,900
3,358,360
to June 30.... 13,736,068 12,857,040
Bklyn Queens Co. A S.b—
Apr. 1 to June 8u....
284,078
229,840
July 1 to June 80....
909,444
868,090
July
1
44.408
43,518
161,873
683,802
166.035
528,504
44,853
187,385
58,675
176,697
15,703
87,510
Ctaargrefl
and
{hurplns.
etc.
— ,—Bal.
of Net Earn'
Current
,
gs.—^
Current
Previous
Tear.
Year.
Year.
Year.
$
$
$
$
Eo.ids.
Previous
Brooklyn HeightsApr. 1 to June 30.... 1.362.293
July 1 to June 30.... 4,878,300
Bklyn Queens Co. A B.—
Apr. 1 to June 30...
July 1 to June 30
1,099.639
4.289.907
*407.595
*896,903
•312.869
*735,583
102.121
400.638
99,525
384,766
*80,784
*43,829
*32,186
*48.421
Isl.
16,449
16,070
def.460
6,659
246
26^
9'»
112
730
889
June
AGravesend—
Apr. 1 to June
Jan. 1 to June
Lake Sh. Elect
Jan. 1 to June
*
30
30
June
30....
20,871
122.225
20,871
3,001
118.52L def.69.912
•808
'913
3,013
42,994
60,697
197.636
35,833
134,619
*24.389
*148,249
*48,473
•172,246
After allowing for other Income received.
A
Caliposni^ Gas
Elbotbic Cobfobation.
Expenses, inl.
on Iwnds of Sur-
1904
1903
plus.
Gross. Sut>. Oo.s,t£c.
$321,264 $243,685
222,238
158,847
Corp.
bond
interest.
$77,579 $36,458
63.441
33,334
Sinking
fund. Balance.
$12,500 $28,621
12,500
17,607
ANNUAL REPORTS.
Annual Reports.
—The following
is
an index
to all
annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections.
This index does not inclnde reports in to-day's Chronicle.
Railroads. Etc.—
Calumet AHeclaMintne
RAiLROAns, Etc.—
Page.
Page.
Unitea e<tates Steel Corp (quarter
and half-jear)
497
49B
Metropolitan Coal Co., Boston
409
(balance sbeei April nO)
4tf8
Pacldc Mail 88. Co
Terminal RR. Ass'n (statetnent to
499
N Y. Stock ExcbaoKe)
Urlted Gas Imp't Co. (oapltaliza498
tiOD, etc., of operalinKOOS
Stkbkt Railways.—
CbicaKO Union Traction (receiver's report for 9mo8.)
810
Philadelphia Co. of Pittsburgh
(balance sheet Mar. 31)
867
f Report for the year ending June 30, 1904. J
In advance of the pamphlet report, the figares for 1903-04
have been given oat by the company as below:
OPERATIONS.
1908-4.
Milesof road operated, aver..
No. of tone carried (exclud-
7,164
1902-3.
1901-2.
7,129
6.743
ing co's frelRht)
20,733,049
19,197,484
16,811,538
No. of tons carried 1 mile
(exoludlnjc oo's freight... 3,218,263.980 2.954,717,921 2,678,308,000
Aver, rectipts per ton per
0-933 otB.
mile (rev. freight only)
0-931 OtB.
0'9M OtB.
$1-77
$1-79
Frt-tralD earn, per tralnm.
$1-81
Aver, number tone in each
"
"
train (Inc. co.'s freighr,)..
224-87
21805
225-93
18980
188-14
19531
16-81
16-15
number tons
In each
train (eio. oo.'s freight)..
Aver, number tons Id each
loaded oar lino 00 'b frt).
Aver, number tons in each
loaded oar (exo.co.'s frt.)
Aver,
14 19
1903-04.
c Kesnlte for main line.
u These earnings Inolufle the Detroit United Ry., Detroit A Port
UuroD Shore Line and the Sandwich WludBor A Amherstbarg By.
V These ttgores are for period from June 1 to May 31.
week.
106,188
13-94
15-68
13-55
INCOME ACCODNT.
Spanish silver.
Vbese are results for properties owned
this
110,735
/—Int., Rentals,
(
.
1
Year.
Sonthern Railway Company.
119,000 109,926 487.364 422,650
Havannah Elect. Oo. May
45,481 42,»40 204,134 193,301
Siranton Kail way... May
78,094 74,148 325,998 308,990
oeattle Electric Oo... May
813,944
197.848 181,797
931,115
south side Elevated July
907,0^7 904,878
108,343 118,164
Sprlngll'dAXenlarr VVliJaly24
l,80i
1,472
29,919
29,380
Syracuse Bap.Tr Ry May
71,677 65,643 841,918 316.431
120,.-i38
Tampa Electric Co... May
32,573 26,215
144,557
Terre Haute Elec.Oo. May
169,328
46,637 36,970 212.201
Tol. Bowl.Gr. A So. Tr May
108.072
23,086 24,778 100.780
Bys.
Toledo
A LlKht. Jane
148.635 141.545
772,178
825.858
Toledo A Western.... June
19,60H 15,994
97,933
Tart nto Railway
WkJulySO 47.091 4t,977 l,3^^.204 1,1 76', 2
Iwln City Rap. Tran. Silwk Jul; 86,677 80,596 2,315,971 2,165,829
OnJon iN. Bedford).. May
13d,692
30.720 32,109
132,903
Uclied of Kan Fran.. Jane
524.013 488,113 8,211,948 2,966,670
Waeb. Alex. & ML V May
91,181
22.702 21,718
101,328
VoQDKBtowu-.Stiaron Jane
37.342
224.267
I
Year.
37,S42
224,267
Interest
13,200
Val.
June
Panic
Brazil)
Tram. L't A Po. Oo. April
Sao
7,928.594 7,728,567
61,129 51.591
925,387 645.590 4,247,436 3.467.464
June
lionie iTanslt
rtt.
San Bernardino
Tract. Co
11,878
$
u. Net earnings here given are after deducting taxes.
b Netearnlngs here given are before deducting taxes.
Schenectady By.—
Apr. 1 to Jime 30
July 1 to June 30
Ballway
City Gas Co
Ror. Uhlo Tr A Lt Co
Northern Texas Trao.
Northwestern Elev..
Oakland Trans. Cons
Olean St. Ballway...
Orange Oo. Traction.
.
foungstown-Sharon By.
June
A Lt. Oo.a
Jan. 1 to June 30....
ledo Traction
Mnsk.l^.ALlghtCo
Norfolk By.
PeeksKlll Lt ABB.a—
July 1 to June SO....
Schenectady By.l» —
Apr. 1 to June 30
July 1 to June 30
46,760 46.171 298.708 321,348
76,681
81,798
11,941 11,727
145,860
132,6^8
29.579 26,968
16,224
78,491
75.569
19,235
42,068
48,889
9,040
11,904
158.320 158.188 1,221.648 l,196.C0i>
264,058 248.422 1,531,316 1,430,186
195,511
179,657
41,029 38,818
232.610 S09.377 1,176.487 1,040,296
June
Jane.
Oas Department... June
Nsw Lrf)i)ion 8t. By May..
$
—
Coney
Street By. Depart.
Eleotrlo Light Dep.
Year.
$
$
California Oas & Electric Corp.— See detailed statement below.
Oinoinnatl Dayton A To43,670
ledo Traction.b... June
46,496
15,989
22.739
Coney I. & Graveeend b—
9,779
8.064
976
Apr. 1 to .Tune 30....
805
11,383
9,466
1,151
924
Jan. 1 to June 30
59,596
23.372
56.823
Lake 8h. Elec. By.aJime
28,384
271,003
259,903
62.313
Jan. 1 to June aO
75,527
335,691 327,126 1.544,730 1,481,931
25,009 20,373 115.000
96,215
vS.878.867
348.155
56,82i
271,003
259.003
59,596
40,648
9,911
88,169
10.488
15,682
Net Earnings.-^—,
Current
Previous
.
Tear.
Roads.
June—
June
—Current
Gross Earnings. —
Previous
Oinoinnatl Dayton A To.
A
Wayne
623
/
.Vp^ I'.nntiiifis.
Viirren'
I'rvrunie
i'lar,
I'enr.
1.782.028
5,630,067
1,376,368
4,803,101
132,074
415,809
115,368
423,89)
GrofB earnings from operat'n$4^, 109,777
Operating expenses & ta.x«:B.. 38,115,467
1902-08.
1901-02.
$42,354,060
30,989.140
$37,712,248
26.846,837
Netearnlngs from operation.. $11, 994.3 10 $11,364,920 $10,N65.411
Inoome from other Bonroes
824,609
1,395,181
1,211,261
Total income
$13,389,491
$8,952,829
256,763
$12,576,181
$8,446,041
287.664
$11,689,9:^0
Total deductions
$9,209,091
Balance over 11 xed obargeo... $4,180,400
a.ooo.oou
DlvB. on pref. »iooh (5 p. c
$8,733,704
$-4,089,028
$3.84'2,477
#.?, 600.897
Surplus over pref. dlvB.... $1,180,400
Special appropriailons for improvenieota aud betterm'tB
$842,477
IntereKtand rentals
Other deductions irom Inc
Lotto betapltall/ed
Bal. to credit Of profit
A
losa.
3,000,000
773,806
135,000
$406,594
$707,477
$7,833,614
255.400
;i
.000,0011
$600,897
$600,897
THE CHRONICLK.
G24
Bpeoial appropriations for improyemnnti not to ba oapltaliz ^d oon
Westingbonse Electrle
BlBi of: Rddnotton of Krades and onrTatnre. ellmlaatlon of Rradti
oroBKlnK*), new HbopH and station balldlngs, ntreoKtlionlaK brldK<;H not
requlrlnj? renewal but needed for nse of heavy motive power, new
locomotive* In antlclpatl»ii of future renewals and mlsoellaneouB
Buiall improvemtntB not produoto^ revenue.
locrea^ed expenaes and taxes Include 01116(1;: Increase In maintenance of eqalpment, $345,485; increase In conduotInK traoHPortatlon
(of thlB Increase $357,560, or about 8*16 p. c, was In cost of fuel), 91 ,
S67.50S; Increase In K^neral expenscB, f 13,883; increase In taxes,
$il2,054.— V. 79,
B
p. 271.
Norfolk & Western Bailnay.
f Statement for the year ending Juie SO, 190^ J
'Stilts for four yeara have been as below:
1903-04.
1902-03.
1,712
1901-02.
1,679
1900-01.
1,660
$
$
$
3,332,631 2,842,552 2,574,322
19,088,563 17.8J8,044 14,709,653 13,604,747
Freight
Total earnings
22,800,991 21,160,676 17,552,205 16,179,069
Operating expenses—
Maint. of wayandBtrnct. 2,860,056 2,754.800 2,131,043 2,104,887
3,532,058 3,041,414 2.334.536 2,363,935
Malnt. of equipment
Conduot'r transportal'n. 6,853,963 6,014,468 4,853,109 4, '456,737
817,484
760,198
967,653
887,348
Oen'lexp., Inol. taxes...
Total expensei
14,213.730 12,697,430 10,136,328
8,587,261 8,463,245 7.416,977
Frop.ofexp.togr'Bsearns. (62 p. 0.)
(60 p. o.)
(58 p. o)
2,760,399 a,571,S16 2,367,777
Fixed charges
9,785.767
6,393,312
Surplus for dividends 5,826.862
Dlvs. onpref. (4p. 0.)....
919.624
Dividends on common... 1,934,076
do
do perct. (3p. c.)
4,125,361
Net earnings
Balance, Borplas
-V.
2,973,262
6,891,930
910,014
1.934,076
6,048,200
910,014
1,289,384
(3 p. o.)
(2 p. o.)
3,047.810
2,848.802
(60 p o
)
2.268,051
909,924
644,69:2
(ip.
o.)
2,570,615
79, p. 501, 213.
Brooklyn Rapid Transit Company.
(Statement far year ending June 30, 1904-. J
The company's operating company, the Brooklyn Heights
ER., reports as follows for the last fonr years:
1901-02.
190001.
190301. 1902-03.
ft
8
ft
$
13,736.063 12.367,041 11.525,202 11,747,574
8,108,998 7,653,989 7,717,129 7,131,080
Gross earnings
ExpenseB
Net earnings
Otherlncome
5,630,067
145,136
4,803,103
222.889
3,803,072
381,632
4,^16,494
311,388
Total net Income.... 5,775,203 5,025,491 4,139,604 4,927,882
4,450,833 4,289,907 4,268,760 4,630,662
Charges
Special appropriittlonB..
427,496
297.220
836,904
735,581 df.l29,l56
Cash on hand June 30, 1904, $304,899; profit and loss, surplus,
*896,908.-V. 79, p. 268, 211.
Surplus
Chicago Union Traction Co.
CReport for year ending June 30, 1904 )
On Aug. 2 the receivers filed with Judge Grosscnp their
report for the year ending June 30, 19 j4. This report is
published in full in the "Chicago Economist." Touching
the results, the receivers aay:
Thus we show net earnings of $265,388, after improving system
$577,228 more than 1902 and $799,984 more than It^Ol— itema formerly charged to capital account. Your receivers having no authority
to charge It to such aoooutt, It has to appear under operating expenses. Further, you ordered the service Improved wherever possible
and with aame track mileage the oar mileage has been increased from
30,732.051 miles in l'J02 to 33,275.288 miles in 1904, an Increase of
2,543,237 miles.
The 100 new cars were not received until last half of year, and with
additional 100 now ordered and expected soon, a much greater improvement win be shown in the coming year. This improved aervice
and your liberal transfer policy has increased the per cent of transfer
passengers to revenue passengers from 4 )-9S in 19dZ to 6263 In 1904,
yet your car earnings per oar mile are maintained, being 25-46 in
1902, 25-82 In 1904. Your expenses per car mile have, however, increased from 14 S7 in 1902 to 18-36 In 1904, largely caused lu the Increase of wages paid your motormen and conductors. And whUe the
total passengers carried have Increased, the average car earnings per
total passenger have decreased from 364 cents In 1902 to 306 cents
In lOO'i, and operating expenses increased per passenger from 207
cents in 1902 to 218 cents In i904.
BK8DLT8 FOB YEABS ENDING JUNE
Slalistics—
Oar miles
F<iylng passengers
Transfer passengers
Free passengers
ReceiptsPaBsenger
Other
Gross
Expenses—
Maintenance of way
Muintenanoe equipment
Transportation
General..
30.
1903-04.
1901-02.
1902 03.
33,275,288 81.384,544 30,732,051
171,832.673 167,028,429 156,136 898
108,204,739 83,678,875 61,315,721
944,928
859,987
Total
Net earnings
811,448
$
$
$
8,566,533
33,934
8,326,849
31,454
7,801,075
24,044
8,690,467
8,357,303
7,825.119
609,600
74l,2S2
3,718,746
1,039.618
363,835
624,511
3.316,231
1,133,603
274.676
499,048
Total Income
Charges Benial
Other
Total
Surplus
5342.180
Lxjcii,
M.tm9t»tUalng Co.
COQicial Statement of Aug, 2, 1904 )
Snpplementing the circular in regard to the issue of the
remaining shares in the treasury, the following particulars
with reference to the company's affairs are submitted by
President George Westinghouje:
NOTBB Skccheu by Raiid Teaksit CoMrAKT BoNDB.— A.fter careful
oouBl leratlon your directors parchased from th» Security Investment
Co. of Pittibnrtrli, under an agreement which InaureB a guaranteed
profit to your conopany, $8,000,000 .^ per cent gold bonds and $8,000.000 of stock of tb>^ Lackawanna
Wyoming Valley Ripid Transit
Co.. a high class electric double-track railroad between 8oranton and
WUkesbarre, which was bnllt by WeBtlugbonse Interests to demonstrate the eapabllitie« of high-speed electric traction on a flrit-clasB
line in a territory Bpeclally Buited to such development. Valuable
t«rmlnalB, commodious stations and well constructed roadbed, standard steel bridges and the most modern electrical equipment render
This road a model of its hind. The line has been In successful operation for several months, furnishing a train service of one, two and
tliree-c^kr trains on ten and twenty-mlDUt-es headway, anl has already
developed a trafilo exceeding that of any other existing loterarban
line for alike distance, with the possibility of much larger developmenca
In the future following the completion of the tunnel at Soranton now
under construction. The propartv has already been the Bubjrtct of
numerous investigations by nartle^ laterested In electric traoti'-»n,
and will continue to furnish a valuable obj -tot lesson in the electrification of main line railways which has been commeaced recently by
some of the most lmport»nt steam lines. [See Illustrated article in
"Railroad Gazstte" of April '2.2, 1904.— Ed.]
2,79.^,999
1,003,097
A favorable opportunity hiving been found lait January to sell
$2,000,000 of your company's two-year 6 per cent notes, and a further opportunity during the present month to sell $4,003,000 threeyear 5 per cent notes, all secured by Lackawanna <& Wyoming Valley
bonds, Buch opportnnlties were availed of In order that we might have
the use of these funds until such times as the bonds could be advantageonsly sold, which it Is expected may be done before the maturity of
these notes, provision having been made in the iBsue thereof for their
retirement.
The construction of this railway has therefore been fiuanoed largely
on its own securities and affjrds a vehicle for advantageously promoting the advertisement and sale of your manufactures.
English Company.—The British Westlnghouse Electric & Mfg., Co.,
Ltd., now has aathorizjd capital as follows: Six per cent preference
shares, £2,^00,000; ordinary shareB. i750.000; four per cent mortgage debenture st >ok, £ 1,462,500. THe difficulty of finding a market
la England for induBtrial seourltleB of any character, due to the general depression of trade.ln that country, rendered necessary the purchase by your company of £500,000 additional preference shares at
par. which purchase has recently been completed, and the further
porobase of £460,000 at 95 per cent of par of 4 per cent mortgage
debentures, the payment for which has jast been consummated by a
credit to your company of £100.000 on current aoooant, covering
material supplied, and a p^tyment of the balance In cash. Our investment in the above-namacl company is now as followe: Four per
cent mortgage debenture stock, £ 150,000; six per cent preference
eharea, £894,020; ordinary shares, £375,460. The latter shares are
entitled to three quarters of the divisible earnings after paying the
Interest on the debentures and 6 per Cdnt on both prefeienoe and
ordinary sharoB.
PBBLIMINABT BALANCE 8HEET OF THE BBITI8H WBBTINOHJU8B
ELECTBIO A MFG. CO., LTD APRIL 30, 1904.
Liabilities Assets—
£
£
,
Preference shares
2,355,000
7.^^0.000
Ordinary shares
4 p c. debenture stock.. 616.353
Accounts payable, etc... 4 54.749
Surplus
83,193
OdBh, aoot8.receiv.,work
in progress, etc
1,164,032
Plant, tools, etc
2,042,125
254,232
Secur.heldasinveBtm'ts,
Patents, etc
sale of
808,90tJ
Total
4,269,295
Total
The payment
4,269,295
£145,000 due April 30, 1904, on the
preference shares and the sale of the remaining £400,000 deof the balance of
benture stock will give to th-i treasury of the British company additional cash amounting to £525,000. The property is exoeptlonaliy complet)^ and the proipeots for a profitable business are excellent, but
thare will be needed time and money to round out so Important an
operation.
(Compare report,
V. 78, p. 990.)
Feench Compart.—The Societe Anonyme WeBtlnghonse reports:
BALANCE SHEET OF SOCIETB ANONTME WK8TINGHOUSE DEC. 31. 1903
Francs.
Assets Cash.aoots.recelv. .work
6,575,803
in progress, etc
Plant, tools, etc
7,640,339
LiabilUies—
Soook outstanding
Accounts payable
Loan from bankers
Surplus
174,300
Secur.be Id as Invest'mts
Patents, etc
9,492,453
23,882,895
Total
An
iBBue of debentures has
Franc3.
20.000,000
2,188,897
1,50:),000
194,038
Total
23,882,895
been anthorlz jd to provide further work-
ing capital.
There hare recently been elected to the B jard of the French Company
I'everal Inllaentlal French directors having extensive commercial relations, who had first made a most careful Investigation of the afl'.tirB
of the company. It is believed that wiih thelnllience of these gentlemen
in the securing of orders, the business and oarniigs of the company
will be greatly Increased. Your company now owns 11,755, at 600
francs par, shares In tbU company, ana during the past year has advanced 375,000 francs and has guaranteed the loaa of a like amount,
for which sums it will in due course receive debentures.
Canadian Company.- The Canadian Westlnghouse Co., Limited, was
formed last year by an agreement between the Westlnghonsj
Brake Co. of Plttsbar,?h and your company to enlarge the works which
the former company had established at Hamilton, Ont., so as to provide for the manufacture of electrical itpparatus required for the ex9cutlon of the many orders wbijh your company has been able to
secure in Canada.
At
BALANCE SHEET OF CANADIAN WESTINQHOtJSE
Assts—
CasQ. aoots. reoelv.,work
In progress, etc
Oiher Income
*
Vol.
A
^
EABNINGB, EXPBN8BB JLKD CnAROBS,
1,722
Average miles operated..
Earnings$
Pa»Benger,maUandexp. 3,717,428
I
$
CO., LTD.,
MAT
31, 1904.
Liabilities-
I
1,100,452
$
Stock outstanding
2,264.200
Accounts payable
66,846
Surplus (seven months'
business)
42,510
6,109,216
2,481,251
13<,018
3,015.123
143,172
4,570,720
3,254,39
117.350
Plant, etc
Patents, etc
1,050,000
Total
2,383,556
2,618,270
3,158,295
3,371,749
xl, 843.078
609,802
2,881,551
640,93^
2,884,679
734,598
Your company received for its patents and the goodwill of its business In Canada $500,000 in full-paid shares and Bnb.^orlbed for a further $450,000 at par. The works of the Canadian Westlnghouse Co.,
Ltd., are approaching completion. In the meantime its business Is
•
2,35J,881
3,622,490
3,619,278
266,389 def.364,195 def.3l7,529
X Oontalns no charge for dividends accrued
on outstanding West and
North Cuicagu stuck for the period subsequent to Bept. 1, 1903, when
the modified leases were adopted, except for that part of the payments
of Oct. 15 and Mot. 15 that applied to the period after Sept. 1.— V.
79, p. 211,210.
213,104
|
Total
2,363,566
being rapidly developed, considering the large field of operations, it
is anticipated that the earnings will be snSlMent to pay regular
dividends.
Elkctbo-Pnbomatic Unit Control.— In the operation
eUiotricity, as
on the elevated
rai ro.'ids In
Chicago,
of trains
by
New York and
Boston and on the underground railway in New York, It has become
necessary to have a control or operaiiog apparatus whereby a motorman can. from a front compartment, operate all the motors upon a
train. The Westinghouse Air Brake Co., by reason of Its arrange Jient
:
Aug.
6,
—
J
:
THE CHRONICLE.
1904.
with George Weatlngtaouse ]n regard to pnenmatto InventlonH, developed an eleotro-pnenmatlo eyBtem ol train control which It Is be
Ueved 18 superior to other forms. To avoid controversy with the
General Electric Co. on the eub jeot, It was deemed wise by y^nr board of
directors to purchaiie from the Westlnghouse Air Bri^ke Co. for $1,000,000 such patents as It had acctulred or might hereafter acquire
relating to electro-pneumatic control devices.
New Wobkb at East Pittsbchgh.— The new east extension of your
works at Sast Pittsburgh has been completed and partly occupied.
Its cost to March 81, 1S04, Including the new machinery installed,
amounts to !$3,237,305. Additloni have also been made to the Bryant
pant at Bridgeport, Conn., and to the Newark works. These Increases
In mannfaoturlng facilities will enable yonr company to meet a demand for electrical apparatus aggregating in value $3,00«,000 per
month.
Balance Sheet. The following are the flgurea aa ofj the
3l8t of March last, the end of the fiscal year 1908-4. [We have
annexed the figures of June 30, 1908, and July 81, 1899, for
—
comparison.— Ed
]
WKSTINGHOUSB ELECTBIO A MANUFACTURIHG OO. BALAMOB SHEET.
JuneW,
March Z\,
July 31,
1904
1903.
$19,384,639 $20,820,191
Real estate, buildings, machin9,937,300
8,358.392
ery, tools, etc
3,908,363)
Stock in sub-companies
7,251,383
Securities held as investments.. y9 ,932,375 i
5,019,681
Patents, etc
5,269,611
1899.
Atsets—
X Quick or working assets
$8,381,192
3,613,736
6,267,236
4,792,181
625
without any encouraging results. These
and wells were subsequently sold at a price which practically
reimbursed the company for the expenditures made in that field.
During the year there were 46 new wells drilled, costing $85,109. Of
this number, 25 were located in Indiana, 3 In Kansas, 17 in West
Virginia and 1 in Ohio. Of these wells 42 were producers of oil, 2
were gas wells and 2 were dry holes.
Dividends.— Your directors declared from earnings four quarterly
dividends payable Feb. Ist, May 1st, Aug. 1st and Nov. Ist, at the
rate of 4 p. o. per annum, and on Aug. l, 1903, an extra dividend at
3 p. c; in all $105,088 and have written off to profit amd loss all
which is practiearninga in excess of dividends, namely, $79,853
cally the amount expended during the year for new work.
United Oil & Refining Co. of Texas —After mature deliberation
your board believed that a profitable tleld for the employment of the
and
drilled three test wells
leases
;
;
proceeds of the sale of the Indiana property presented itself in the
Accordingly considerable sums were invested in the
field.
construction of a pipe Hue from Spindle Top to the Sour Lake field, in
steel and earthen tankage and in the consolidation and
of
the building
enlargement of certain refineries located near Beaumont. The construction of the pipe line has been completed and that of the refinery
is nearing completion, and yonr directors col fldently expect that in
the near future the refinery will have a dally capacity of fully 1,000
barrels of refined products. The oils now being refined In a small way
are of a satisfactory quality. A corporation under the laws of Texas
has been formed to own and operate the properties in Texas, under
the title of the United Oil <b Refinlnz Co., and the investments made
by this company are represented in the securities of that corporation.
Texas
BABNIHGS AND EXPENSES.
1903.
1902.
$263,256
78,315
$253,786
102,283
$184,941
(7%) 105,088
$151,504
(4%)60,050
$79,853
$91,464
Earnings
$48,432,188 $40,849,647 $21,964,345
Total
Liabilities—
$3,998,700
Preferred shares
Assenting shares
18,494,360
Common stock
Ten year debenture certificates
(unsecured)
2,679.000
$3,998,700
14,026.800
3.650
$3,996,760
9,362,756
95,400
2,787.000
3,600.000
112,787
2,000,000
9,378,033
AooonntB and bills payable
Payable on new stock
SarplQB
X Includes
7,886,168
3,334,934
8,812,400
11,882,105
Atsits—
2',719,22'8
Acc'ts receivable.
—V. 79, p. 502.
Policy.— From, the foregoing review of the finances of your
company it will be seen:
(1) That securities of large and increasing value have been acquired
and are held in your company's treasury, a large amount of which are
available for sale at a favorable opportunity; (2) that the foreign
interests have been developed and closely Idenilfled with those of the
parent company; (3) that large Investments in working assets, a
large surplus and a moderate share capital are elements calculated
to secure the future stability and success of your company, placing it
In a most advantageous position with reference to compeiltlon. The
outstanding capital will, noon the sale of the remaining 50,000 shares
of stock, be $25,000,000. Your directors have believed it a conservative policy not to issue a large amount of capital stock, but to enlarge the domestic business and protect the foreign investments by
loans which can be retired on the aooumulatlon of marketable securities.- V. 79, p. 511. 275.
Is
as
follows
190304.
$
Total
Charged cfl for depreolatlou
Balance
Dividends 12 per cent
.
Balance profit and loss
1904.
ArseU—
Cash & debts rec
96,305
214,307
302,800
24,430
310,612
36,264
27«,370
135,952
274,348
la5,992
142,418
138,396
600,670
.
will
800,000
Total
—V. 77,
1904.
UaHHttes—
«
.
& in
1,326,784
KM est., mach. & fix 745,461
Stocks owned
371,160
Pat. rights A good
mftd.
process
31.
1903.
670.690
Preferred stock
Common atooft.
Md!ie.,
1,290,891
890,428
60,000
190203.
$
138,396
164,404
GENERAL BALANCE SHEET MAT
Debts.
Prof. res. as
cap
Proflt
and
loss
t
1P03.
t
1,804,800 1,304,300
8'>0,000
H()<i,noo
1,037,666
899,308
ieo.OOO
1*2,419
460,000
188,896
work.
800,000
8.714,375 3,802,C08
Total
Profit
and
loss
63,228
54,923
$1,578,195
$1,666,384
...
11,373,195
$1,566,384
Assets—
Cash on hand and on
1904.
$
S'45,oeO
call
Accounts receivable.
Ijoans on collateral.
.
110,605
26,0'
1,117,635
Stocks and bonds
392,000
Treasury stock
Bonds & mortgages. 86i ,500
Real estate
x450,176
Accrued int., etc ....
9,668
Furniture & flttiiiKS,
1
at nominal value
.
1903.
$
399,433
1,500
32P,000
6i8,597
Bills
00,000 1,673,760
lOO.OCO
76,000
«,'
payable
Funds held as
1903.
$
($1C0
secur6,121
ity
Accounts payable...
5,820
H"9
261. boo
A cc'ued
543.672
c,602
reserve for
expenses
19,978
Surplus and undivided profits
y564,684 z512,297
.
Total
1904.
Uabilitiea—
Capital stock
shares)
8,718.614 iJ,ie8.805
Interest
21,058
1,538
Special
Total
2,712,614 2,168,S05
X
Cost, less Income, $1,719,475; mortgages thereon, $1,269,300; cost of equity
to date, $460,175.
y A)t(^r deducting divicJend of July 1. 1904.
z Before deducting dividend of July 1. 1903, $51,951, the payment of which re-
duced the surplus and undivided praflts to $ltJ0,316.
Surplus and undivided profits July 1, 1904
$564,584
Surplus and undivided profits on July 1, 1903 (tee footnote
above)
z
460,346
Increase In surplus and undivided profits
Paid to stockholderB during patt year
American GIne Company.
fReport for the year ended May SI, 1904.
The report for 1903-04, with comparison of 1903-08,
12,167
8,502
21,249
Century Realty Co., New York.
C Balance Sheet July l.J
The premium upon the sale of the remaining 50,000 shares of treasury
win be added to the surplus above shown. Since
stock, $1,500,0C0,
the above date the company has acquired or arranged to acquire
JB725,000 preference shares and debenture stock of the British westinghouse Electric & Manufacturing Co., Ltd., and $2,000,000 of Lackawanna & Wyoming Valley Rapid Transit Company bonds.
17,554
17,7:2
19,221
Cash
OH on hand
above.
..^
31.
1B02.
LiabUitita—
1903.
Capital stock
$1,601. 50 $1,501,250
Accounts payable
9,716
10,213
.
cash, accounts receivable, work in progress, material p,
L. & W. Y. bonds since pledged, as stated
Previous surpluB
Net earningB
1902.
1903.
2,167,424
y Includes $4,000,000
etc.
BALANCE SHEET DEC.
Property acc'ts &
investments in
other comp's... .11.478,688 11,524,477
40,00U
Notes receivable
$48,482,188 $40,849,647 $31,954,345
Total
Net
Dividends paid
Balance
Dividend scrip, eto
Special loan (retlrable by sale
of L. & W. V. bondp)
Expenses
Net earnings for the year
Capital stock was increased to $2,000,000 July
$104,238
88,741
$192,979
1,
1904; aver-
age capital employed during year was |1, 444, 329.
Semiannual dividends at the rate of 6 per cent per annnm have
been paid from Jan. 1, 1902, to July 1, 1904, both inclusive.
V. 75, p. 1856.
Fflster & Togel Leather Co., Milwaakee.
{'Balance Sheet cf April SO, 1904J
The following balance sheet has been filed with the Massachusetts authorities:
Assets—
LiahilitiesReal estate
$1,100,320 Common stock
$3,263,200
Machinery
774,489 Pref. stock
441,800
Stock in procesB
3,124,121 Accounts payable
240,406
Cash and debts recelv.. 1,968,328 Floating Indebtedness. 1,126,565
Burplas
1,678,845
Profit and lOBB
216,442
Total
Total
$6,967,259
$6,967,869
capital stock is |4, 500,000, of which $500,000 is 5 p. c. cumulative preferred; par of shares, 1100. The
directors are Fred. Vogel Jr., President;. A. C. Helmhalz,
Treasurer; Augustus H, Vogel, Secretary; Charles P. Pfister,
Q. C. Vogel, Q. Bossert and O. Fred.' Bossert, all of Milwaukee. Compare V. 75, p. 1048, 984.
The authorized
3,74< ,875 3,602,003
p. 296.
Central Oil Company.
CBeportfor (he year ending Dec. SI, 190S.J
In view of the decision announced last week to use the surplus earnings of the last quarter in connection with the new
refinery at Spindle Top, Tex., instead of for the usual August
dividend, the report issued early in the year and signed by
President Alfred A, Qlnsier is interesting
Phodcction.— The total net production for the year was 176,511
barrels and the average per day was 484 barreli, contrasting with
228,404 and 625 barrels reppectlvely In 1902; the average dally net
for December, 1903, was 307 barrels, as conspared with
S reduction for
70 barrels
ihecorrespondltg month of 1902. The prices for crude
oil were on Dec. 31, 1903, for PeEneylvania $185 and for Indiana
$1 31, contrasting with $1 23 and 86 eents, respectively, the average
prices received during the year 1 002.
New Wkllp, Etc.— 1 he wimpany »old all of lis produotlon and leases
situated In Indiana In the early part of the ye«r for the sum of $290,357, which largely accounts for the decrease In production. After
this sale yonr company cecured some additional lease s In Indlaaa and
began drilling thereon. Expenditures were made therefor to the
• mount of no,' 20, when an offer of $33,000 was made and accepted,
and the property rold. Other small leases are being developed In the
Bane territory. The company leased some lands In the Kansas field
GENERAL INVESTMENT NEWS.
BAILR0AD8. INCLUDING 8TKEET B0AD8.
American Elevatfd RB.— See American Compound BeariDg Co. under "Industrials" below.— V. 75, p. 440.
Atlantic & Dan t11 le Ry.- fl'econd Mortgage Gold Fourn—
All the Preferred Shares Eetired.— In accordance with the
terms of the lease entered into between this company and the
Southern Railway Co. and dated the Slst August, 1899, the
renta 1 payable by the latter Is to te incieased by |81,C00 per
annum (i. e., from $167,0(0 to $188,000), as and from the Ist
July, 19C4, till the Ist July, 1909, when It will be further increased by $80,000, making the anneal 6xed rental $218,000
thereafter till the end of the ?eaee. Against the present in-
—
:
THE CHRONICLE.
620
creased rental and the increase dne In 1909, aa provided for by
the leaee, $1,525,000 of second mortgage 4 p. c. gold bonds
have been created by the company and deposited with the
Trnst Company of America, who have now delivered to the
officials of the railway 1775,000 of the bonds and have issued
their certifioates for the remaining $750,000 bonds (completing the authoriz 3d issue of $1,525,000), such bonds to be delivered by them on the 1st July, 1909. The proceeds of the
bonds and certifi;.'a''e8 have been utilized for the final retirement of the 13,099,200 preference shares of the A. & D. Co.
(60 p. c. of which had been previously paid, leaving, therelore, $1,239,680 outstanding) and thesa shares have now been
canceled and deposited with the company.
Steps are being taken to obtain quotations for the bonds on
the New York and London stock exchange?. Apart from the
second mortgage bonds above mentioned, the following conetituce the obligations of the company :
,
First
mortgage 4
Common
—V.
p. o.
gold bonds
$3,925,000
2,180,800
stock
77, p. 195.
Bridge (Williamsburg) Operating Co.— Incorporated.—
This company was incorporated at Albany this week with
$100,000 capital stock to operate the railway lines on the
Williamsburg Bridge in accordance with the <)greement entered into by the city and the Brooklyn Rapid Transit Co,
and the Metropolitan Street Railway. Compare "Williamsburg Bridge," V. 78, p. 2886. It has been found impossible
to begin the operation of the bridge railway as early as expected. The directors of the new company are
E. W. winter, O. D. Meneely and John L. Wells for the Brooklyn
Bapid Translr, and H. H. Vreeland, Blohard W. Meade and O. E. War:
ren for the Metropolitan Street By.
Brnngwick & Birmingbam UR.— Temporary Restraining
Order Delays Sale,— Judge Emory S peer at Macon, G a., on
Aug. 1 granted the Ensign Oikamp Co., holders of $9,000 of
the stock, a restraining order to delay the foreclosure sale
(set for Aug. 2) until their claim that the foreclosure proceedings were fraudulent shall be heard in the Un ited States
Court.— V. 79, p. 211, 151.
[Vol. T.TTiT,
Sarplns of the Pere Marquette for the year 1903, after paying the
dividends on the preferred stock
$1,190,000
Surplus of the O. H. <fe D. for the year 1903, after paying
dividends on the preferred stock
771,000
The systems connect at Toledo, and the C. H. A D. eastbound biislneRs will be curried oTi-r the Pere Marquette
road to Buffalo, giving an Increased length of haul of about
UOO miles. This business Is estimated by the tralliodepariments at 1,000.000 tons annually, which would add
additional revenue of about
760,000
In addition the Pere Marqaette onnsumes about 600,000
tons of coal annually, and In 1903 handled 358,000 tons
of anthracite and 2.700,000 tons of bituminous coal. This
was largely received at Toledo from the Hooking Valley
By but In consf^quenoe of the new alliance will hereafter
be handled by the O H. A O. The net earnings therefrom
win amount to over
200,000
,
Total
$2,911,000
300,000
Deduct Increased charges after ooESOlldatlon
Deduct S per cent dividends on $13,500,000
H.
O.
common stock
A
$2,611,000
D.
675,000
Leaves a surplus of
$1,986,000
Equal to oyer 15 per cent additional.
The consolidated systems will represent a trunk line from Bnfialo to
Cbicago and Baffalo to Cincinnati and Indianapolis, with rnnnlng
arraoKements Into 8r. Louis, being also the shortest route to 8t. Paul
and the Northwest. The O. H. & D. owns a full half Interest In the
control of the Cincinnati Southern, the other half being owned by the
Southern Railway. The combined mileage of the roads, exclusive of
the Cincinnati Soutbern, will be 3.39/ miles, and their earnings over
$20,000,000. Total system. Including trackage (266 miles) and partly
owned lines, 4,043 miles. Total capitalization per mile operated, Including common stock, preferred stock, bonds and guaranteed stocks,
$34,443. Compare V. 79, p 212.
The legality of all the transactions wi^s passed upon by some of the
ablest attorneys lu the country, and there U noi: the slightest similarity between these transactions and those Involved la the Northern
Securities case. The Pere Marqaette and the C. H. & D. are not
competing lines la any respect, even to the extent of a single mile of
track.
Tte report that an agreement has
b(>en
at 110 the minority interest in the C. H.
made
&D
t* purchase
preferred stock
denied. The matter is still nnder advisement, as
the proposition of leasing the Pere Marquette.
is
New Equipment.— The new management has
with the American Car
&
Foundry Co.
is
also
placed orders
and
Canadian Pacific Rj.— Lease.—Oa July 28 this company passenger cars. Payment will be made by cash and equiptook over, nnder lease, the new Lindsay Bobcaygeon & Ponty- ment notes.— V. 79, p. 263, 212.
pool Ry., extending from Burketon to Bobcaygeon, a disCincinnati New Orleans & Texas Pacific Rj.— Second
tance of about 40 miles. Compare V. 77, p. 1221 and 636.— Dividend on Common Stock,— With the regular quarterly
V. 78, p. 1548.
dividend of l}4. per cent on the preferred stock, there was
Central of Georgia Ry. Co.— Firat Distribution on id In- declared this week dividend No. 2, of 2 p, c, on the common
comes.— The company has declared the full 5 p. c. dividend stock, both payable Sapt. 1 to nolders of record Aug. 20.
for the year on the $4,000,000 first preferred income bonds The first dividend on the common shares, also 2 p. c. was
and a dividend of 2 p. c. on the $7,000,000 second preferred paid Dec. 1, 1903, out of accumulated earnings to Jane,
income bonds. Thlf is the first dividend on the latter issue. 1908 The common stock is all held in the interest of the
Both dividends are payable Oct. 1. The first preferred in- Cincinnati Hamlton & Dayton and the Southern Ry. comcomes have received: in 1908, 6 p. c; in 1902, 3 p. c; 1901, panies, which therefore share in this distribution.— V. 78,
5 p.c; 1900, d}4 p. c; 1899, 3 p. c; 1898, 2 p. c; 1897, 2i^p.c.; p. 1981.
and IH p. c. in 1896.— V. 78, p. 1446.
Colorado & Soathern By. Acquisition,—Th\B company
Central Fennsylrania Traction Co.— Earning u—The results for the year ending June 80 1904 were as toUows:
Oroas receipts
$532,0 22 Dedaot—Taxes
$36,807
Operating expenses
277,993
Bentals
Bond
Net earnings...
—V.
.$244,023
Interest
Bal., sarp., applied to repairs, improre'ts, etc..
153,050
4,500
$49,666
77, p. 950.
Cbicago & Alton Rj.— Called Bonds.— Sixteen ($16,000)
Mississippi River Bridge Co. bonds will be paid Oct. 1, 1904,
at the office. No. 120 Broadway.— V. 79, p. 151, 211.
Chicago Great Western Rj.—Oold Notes Offered.— EvetBz
Chicago, are offering, at a price to net about 5 p. c, a
block of this company's 5 p. c. gold notes, part of an issue of
& Co.,
12,600,000.
"The agreement nnder which these notes are Issued provides that the
company cannot tssne additional notes in excess of $500,000 In any
one year hereafter, and also provides that the company can place so
lien on Its property wlthoutprovldlngforthelpayment of these notes."
—V.
78, p. 2698.
Cincinnati
Blaffton
& Cbicago RR.—8tatu8.—The
re-
ceiver, it is stated, places the liabilities of the company at
about $300,000, most of which is secured by $750,000 in bonds
held by bank?, supply companies and individuals.- V. 79, p.
268.
flnclnnafi Hamilton
& Dayton Rj.— Official
— Pr<^8ident Zimmerman has
Statement.
given out a statement saying
in substance
The
stock Is (eopardlzed by the new
arrangement la utterly without foundation. In the first place the
parties now In control of the property purchased at 110 « 1,000.000 of
the O H. As D. preferred stocK and still own the same. In addition to
this, It Is manifest that the preferred stock cannot be In jure! without
a corresponding Injury renuitlng to the common stock, and It Is absurd
to Buppoce that men of the flnanclal standing of those now In control
would consent to any arrangement which would Injare their own
property.
I submit the following figures: In purchasing the control of the
Pere Marquette, the C. H. & D. reeelvee $14,300,000 of slock of the
Pere Marqaette RR, which Is earning 8 per cent, amounting to
$1,144,00«> per year. The surplus earnings of the O. H. & D. last year,
before paying the preferred dividend, were $1.118,1»7, which, addea
to Pere Marquette dividend, makes a total of earnlngn applicable to
the dividend on the preferred stock of the C. H. A D. ig2,262,197.
Deducting the $346,27.'i dividend on the 5 per cent pr*<ferred stock,
leaves $1,915,922 applicable to a dividend on theoummun stock of the
C.
olalin that the preferred
H.&D.
The following
is
a conservative estimate, prepared by one of the
most prominent railroad experts
in this country, of the results
consolidation with the Pere Marquette:
after
for 5,000 freight
has acquired control of the QUpin Tramway Co. of Colorado,
which owns 25 miles of 3-foot track reaching mining districts, and on July 27 took possession of the property, its
representatives being elected officers and directors of the
tramway.— V. 77, p. 2168.
Colorado Springs & Cripple Creek District Rj.— Report.
The earnings shown by the preliminary statement for the
fiscal year ending June 30, 1904, compare with those for
—
1902-03 as follows:
Tear.
Qrost.
Net.
Olh. inc.
Charges.
Bal., swr.
190304...
$764,719 $337,882 $1,125 $201,570 $137,487
884,460
467,700
1,074
200,872
269,302
The labor troubles in the Cripple Creek region, which began Aug. 10, 1908, and continued through the year, explain
the reduction in receipts.— V. 77, p. 847.
ltf02-03
Connecticut Railway & Lighting Co.— Bonds Offered.—
& W. Seligman & Co. and Redmond & Co. are offering at
971^ and interest by advertisement on another page $1,500,OOU of this company's first and refunding 4^^ p. c. 50-year
sinking fund gold bonds guaranteed as to interest by the
United Gas Improvement Co, of Philadelphia. These bonds
are due Jan. 1, 1951, but have been stamped with the guaranty aforesaid on the condition that they shall be subject to
call for payment at 105 and interest on any coupon day on
eight weeks notice.
The total issue under the mortgage is limited to $15,000,000,
of which there is outstanding $10,268,600, reserved for prior
bonds $990,700; ths remainder, $3,740,700, being reserved for
J.
the acquisition of additional plants or property, or for additions, extensions or betterments, under conditions stated in
the mortgage.
The United Gas Improvement Co, owns a majority
of the
Railway & Lighting Co.
Ihs Improvement Company has no bonds outstanding and it
capital stock of the Connecticut
has paid dividends at the rate of 8 per cent per annum for
the past seventeen years upon ltd capital stock, which at(the
present time amounts to $36,720 090. (Compare Chboniole
of July 30, v^ge 478.) Thomas Dolan, President of the Improvement Company, writes under date of July 15 substantially as follows:
The Connecticut Railway A Lighting Co. owns 175 miles of eleotrlo
road, extending from a connection with the Stamford Street Railway
Co. Along tlie south shore of Connecticut to a connection with the
Fair Haven *; Westvllle kR. into New Haven, and from Stratford up
Che Nangaiuck Valley to Derby, ^nsonla and Seymour; also from
Derby to connection with the Fair Haven & WeatvlUe RR. Into New
Haven; also Waterbury and viclnUy; also New Britain and vicinity to
a aonneotlon with the Hartford Street Ry. system. The territory
Aug.
THE CHRONICLE.
1904.]
6,
erved Is highly prosperonp, lis population In 1900 being 465.748, an
iDoreaee of 36 per cent over 1 890. There are no oompetltlve street or
electric roadB operating In this territory and the occupation by the
company of the principal streets and routes reduces the possibility of
competition to a minlmnm. All of the franchises are perpetual. Ihe
comiany also owns four electric-lighting plants, supplying seven
towns and controls two gas companies supplying Waterbnry and Norwalk, pervlng a total population of about l.'>3.00O.
The first and refunding -k^ per cent gold bonds are a first and only
lien on part of 11) e property of the company, and are a direct Hen on
the remaining portions suhject to only $990,700 und'-rlylng bonds.
During the past three years the conopany has been engaged In Improving and unifying Us system. Fourteen miles of new track have been
construoted, new power houses, boiler houses, a dock, car barns, etc.,
have been built; new machinery Installed; 60 miles of heavy feed wire
strong, 73 new cars with modern motor equipment purohaped, and
arrangements for the receipt ( f electric current, derived from water
power, perfected. The full effect of these Improvements, In the Increase of earnings and reduction of operating eipenses, will not show
Itself until the year ending June 30, 1905.
OroBS earnings for the years ending June 30 compare as follows:
1903-04.
190102.
1902 03.
$1,615,384 $1,649,613
Gross Income
(67'6
cent)
per
expenses
Operating
(June
ett.)
$1,8H3,038
1,284,920
$608,118
$95,122
466,660
Net earnings
Taxes
Interest on bonds, etc
$46,336
Balance, surplus
Owing to the strike on the Waterbury and Bridgeport divisions,
which was not ended until the middle f August, the earnings for the
year ending June cO, iy04, were not so great as they otherwise would
have been. Since then the earnings have shown large increases. The
grata earnings for the first five months of the calendar year 1904
(
with $594, S67 in 19C3. We estimate that
the gross earnings of the year ending June 30, 1»08, will amount to
over $2,C00,0OO, and that the surplus after the payment of all Interest,
taxefi, etc. will amount to over $i 87.000.
By agreement and supplemental mortgage dated June 23, 1904,
between the United Gas improvement Co., Connecticut Railway &
Lighting Co and Colonial Trust Co., the United Gas Improvement Oo.
agrees, as therein provided, to guarantee, by endorsement, the interest on all Conneotlout Railway & Llehtlng Co. first and refunding 44
per cent bonds, now Issued or hereafter to be Issued, and the OonneciIcnt Railway & Lighting Co. agrees to establlph for the benefit of the
bonds so guaranteed a sinking fund of one-half of one per cent per
annum, calculated on the total amount of outstanding bonds, in consideration of an option to the trilted Gas Improvemen'- Co. to purchase, and an option to the Connecticut Railway & Lighting Co. to
call the bonds so guaranteed, on any coupon date at 105 and interent
upon notice as in ihe agreement and supplemental mortgage specified.
It is estimated that the slnkiug ftnd eo established will retire not
less than 60 per cent of the entire Issue of bonds by the date of their
maturity. The sinking fand will be Invested in these bonds by purchase In the market or by purchase under call at 105 and interest.
By the terms of the agreement and supplemental mortgage, the Conneotloat Railway <b Lighting Co is obligated to mitke the sinking fund
payments before applying any of its earnings to the payment of the
interest on such oi its bonds as are ''Interest guaranteed " by the
United Gas Improvement Co.
QUAKANTY OF INTEREST ENDORSED ON BONDS.
For value received. The United Gas Improvement Oo, hTeby
guarantee* the punctual payment of the Interest on the withlu bond
at the times and in the manner therein provided, and as additional
security for the payment of the pi inolpal of the within bond the Conneotlcut Railway & Lighting Co. hereby agrees to create and maintain a sinking fund of one-halt of one per cent per annum, as provided in the agreement and supplemental mortgage dated June 23,
1904, between the undersigned and Colonial Trust Co., an original ot
which is deposited with Colonial Trust Co This agreement is indorsed hereon In consideration and upon oondlfiou that the holder
ot this bond by accepting it so Indorsed shall be deemed to have as
sented to the provlolon ot said agreement and supplemental mortgage that this bond thall be subject to call for payment or purchase
at 105 per cent and accrued inturest and to have a- sented to the other
provisions of said agreement and supplemental mortgage.
In witness whereof the United Gas Improvement Co. and the Connecticut Bailway & Lighting Co have hereunto caused their corporate names to be signed and their corporate seals to be affixed
hereto by ollloers thereunto duly authorized.
were
$7'(il,909. contrasting
The United Gas Impeovement Company.
By
Assistant Secrelari/.
Connecticut Railway
By
&
,
Liohtino Company,
,
Assistant Secretary.
The bonds offered have already been stamped with the aforesaid guaranty, etc. For offer to guarantee the remainder of
the issue, see V, 78, p, 2898.
Consolidated (Electric) Ry., Conn.— In Possession.— T be
company on July 30 took formal possession of the New
London, the Norwich and the Montville street railways.
Compare V,
79, p. 268,
Consolidated Traction Co. of Piit»hnrgh.- Guaranteed
& Verona Street Ry. below.— V.
Bonds.— See Wilkinsburg
76, p. 48.
Detroit Mackinac & Marqaette BR.— Land Orant Bonds
Purchased. The trustees have purchased according to their
recent advertisement $120,000 bonds at prices ranging from
813^ to 811^. The money on hand (§90,000) enpures the payment of 7 p. c. interest on the outstanding bonds for the
next two years. It is not probable that there will be any
further retirement of bonds before 1905. The rpcent payment reduces the amount outstanding to $1,655,000.— V. 79,
—
p. 268.
Detroit Son them Ry.— Time for Deposits Extended— The
Bannard Committee, representing the tirat mortgage 50-year
c. gold bonds, has extended the time for the deposit ot
the bonds with tbe New York Security
Trust Co. to and
including Aug. 15, 1904,— V. 79, p, 268, 151.
4 p,
&
GainesTllle .T« fftirBon & Sonth^rn Rj.— Successor Companif.H.—9ee Gainesville Midland Ry. Co. and Monroe RR.
Co, below.— V. 79, p. 500, 269,
Gaineoville Midland Hj.— Successor Company.— Thia company was organiz-d on Aug. 2, with $250,000 oapital stock,
at the offlofs of the Savannah Trust Co to succeed to the
55 miles of the former Gainesville Jefferson & Southern Ry.
(V. 79, p. 5(10, 269, 151), extending from Gainesville to Jefferson and Belmont to Monroe, Ga. The officers are:
,
627
President, George J. Baldwin; Secretary, T. M Cunnlngbam Jr.;
General Manager, M. 8. Dunlap, Gainesville; Treasurer and Auditor,
Directors, all Savannah men: George J. Baldwin,
E. L. Douglass.
W. W. Maonall, Herman Myers, T M. Oannlngham Jr., Joseph HaU
and Allan Bond.
It is understood the road will be made standard-gauge.
Grand Rapids Holland & Chicago Rj.— Reorganized
Company.— Thia company has filed articles of it corporation
Michigan, its authorized capital stock being $1,350,000
($850,000 being pref.) as fuccessor per plan of re-organi25a-
in
Grand Rapids Holland & Lake Michigan Rapid Ry.
Compare page 2506 of Stbeet Railway Section. We have
tionof tbe
been favored with the following:
The new company assumes the first mortgage bonds of the Grand
Rapids Holland A Lake Miohlgan Rapid Railway, of which $1,390,000
are outstanding, $10,000 having been retired through the sinking fund
and $1<j0.000 are held in the treasury. The new company takes over
the railwity under an arrangement by which all debts of the old company, excepting Its $1,390,000 first mortgage bonds outstanding, are
paid. The road will be operated under practically the same management, with the exception that vir. Wm. Beach, of Holland, Mich., will
beoime more prominently Identified with the enterprise. There may
alHO be some changes in the board of directors.
The principal object of the reorganization was the retirement of the
floating debt of the old company, which counsel alvlsed could be better
effected through sale of the prooerty.— V. 78, p. 768.
Grand Rapids Holland
&;
Lake Michigan Rapid Rj.—Re& Chicago Ry.
organizatioa.—See Grand Rapids Holland
above.— V.
78, p. 768.
Grotoa & Stonlngton (Conn.) Street Ry.— Honds.—The
shareholders voted on Aug. 8 to issue not exceeding $375,000
of first mortgage 5 per cent gold bonds, of $1,000 each, to
provide for the construction and equipment of the line, work
on which is now in progress. Thomas Hamilton of Groton
is President and Edwin W. Higgins of Norwich Secretary.
Illinois Central RR.— Mortgage Filed.— The §20,000,000
"purchased lines first mortgage" authorized by the stockholders on Oct. 1, 1908, to cover various branch lines in
Illinois and Indiana previously controlled but now owned in
fee, has been filed for record, the United States Trust Co. of
New York and Joel E. Williamson, of Evansville, Ind,, being
the mortgage trustees. The bonds are gold 33^ per cents,
dated June 8\ 1904, and due July 1, 1953; denomination,
$1,000,; Interest dates Jan. 1 and July 1. Compare V. 77,
p. 1294,
Bonds.— The company has sold, to Speyer & Co.
Omaha Division first mortgage 3 p. c. bonds, due
Aug. 1. 1951. The total issue of these bonds is limited to
$5,ufi0,000, and the bonds now sold are the balance of the
$2,750,000 reported as in the treasury June 30, 1903, the small
difference being bonds held in sinking funds.— V. 78, p. 2442.
Sale of
$2,663,000
—
Illinois Tunnel Co. of Chicago.— Dascriphon. The "Iron
of Aug. 4 contains a 8ix-p»ge illustrated article regarding this enterprise.— V. 79, p. 501.
Age"
Lackawanna & Wyoming Yalley Rapid Transit Co.— See
statement respecting Westinghouse Electric & Manufacturing Co. on page 632.— V. 78, p. 2012.
—
Long Island RR.— Compromise an to Grade Crossings.
July 25 an agreement was reached witti the Brooklyn
Gr«de Crossing Commission, under which all the grade
crossings on the Manhattan Baach division between Bay
Ridg*^ and East New York are to be removed, the city meet-
On
Ing half of tbe expense, but in no case in excess of |3,500,000.
The city will pay its share of the grading and aewer
changes. The expense of depressing the "Summit ' freight
yard, which is located between 6ch and 8th Aves., will be
assumed by the railroad. On the Brighton Beach division
some twenty-one grade crossings are to be abolished, the
city to pav its share, but not exceeding $750,000 in all.— V.
78, p. 1549.
—
Los Angeles Internrban (Electric) Ry.— Acquisition.
Pacific Electric Ry. Co. has transferred to Its subsidiary,
The
the Internrban Company, for a consideration given as $755,538,
certain railways and rights of way in Los Angeles, Orange,
Riverside and San Bernardino counties. V. 78, p. 1497.
—
Mexican Central Ry.— Payment of Coupon.— The Equitable Trust Co. ot New York has collected the Interest due
Aug. 1, 1904, on collateral trust i]^ p. c. bonds deposited
under the agreement of May 12, 1904, and Is prepared to p^y
tbe same to the holders of certificates of deposit for the
above bonds on production of their certificates for stamping
the payment thereon.
Note.t Re-Sold.
The syndicate which recently purchased
|9,000,0C0 ot the authorized issue of $10,000,000 Mexican Cent.
2i>^-year 6 p, c. notes (see Chronicle July 23, page 269,) subsequently took the entire issue. We are informed that the
notes have nearly all b«^en re-sold abroad, and ttie price has
advanced from 98 and interest to 9734 »Dd interest.
The collateral securing the notes const Jts of $16,000,000
consols, |2,500,C0O Tampico Harbor bonds and f 1,200,000
priority bonds.— V. 79, p, 269, 266.
Monongahela Street Ry.— Guaranteed ^onda.— See Wilkinsburg & Verona Street Ry. below.— V, 79, p. 369.
Monroe RR.— Proposed New Name. — The necessary legal
steps ar« being taken to change the name of the Walton
County RR (whose line extends fiom Monroe to SocihI Circle,
Ga., 8 miles) to the Monroe RR. Co, The road waa
controlled by the Gainesville Jefferson & Southern Ry. (V.
79, p. 151) and with it waa recently sold under foreclosure
proceedings, but was purchased separately by Jacob Phlnizy,
of Atlanta.
—
THE CHRONICLE.
628
National UR. of TehnanXei>ic.—Deacriptivi Article.— The
"Railroad Gazette" of Jaly 15 contaioa an Illustrated article
by C. L. Corthell, giving a history of this company and an
aocount of the improvements which, when completed, are
expected to make lt« ISO-mile road an important trans-isth
mian route. The road is owned by the Mexican Qovernin 'nt,
and it will therefore be operated by the contraotore, T. Pearson & Sons, of London, in close connection with the other
Government lines, viz.: National RR, of Mexico, the lateroceanic Ry. and the Vera Cruz & Pacific RR., aflfording with
them a through line from the United States border to Salina
Cruz on the Pacific Osean. The work which remains to be
done on the Tehnantepec road, it is estimated, will cost over
110,000,0 JO (United States money), mostly for harbors, docks
and other terminal facilities. The entire road, too, will bs
rebuilt with 80-1 b rails and reduced grades and cnrres. See
Tehuantepec National Ry., V. 74, p. 96.
New England RR.— Bond* Sold.— The |10,000,000 of 4
p. c. bonds were awarded to J. P. Morgan & Co. a";
Compare V. 79, p. 501.
New York Westchester & Boston (Electric) Ry.— Ordi-
106-777.
nance Signed. —Mayor MoClellan on Tuesday signed the
ordinance passed last week granting this company permission to cross the streets of the Bronx. Compare full statement respecting the enterprise In last week's Chronicle,
p. 501.
Narfolk
& Western Ry.— Correctio,-*.—The companv'a
000,000 divisional
first lien
and general mortgage
is
|35,-
made
to
the Guaranty Trust Co. of this city as trustee, and not to
the Mercantile Trust Ca.. as was stated last week.
Earnings. -Sea page 624, under "Annual Reports."—V. 79.
p. 501, 218
& Western Street By., Massachnsetts.- -SoZJ.—
the receiver's sale oa Aug. 3 the property was sold to F.
S. Gore of Dorchester, Mass for $13,100, subject to $103,000
bonds due Fab. 1, 1919.
new company will be organized.
Norfolk
At
—V.
A
79, p. 152.
Northern Securities Co.— Dividend.-The statement going
the rounds of the press that the directors have abandoned
the idea of a dividend payment we are advised is not tiie fact.
—V,
79, p. 270, 218.
Pacific Electric
above,— V.
Ry.— See Los Angeles Interurban Ry.
77, p. 1534.
I
Vol.,
LXXIX.
thereto attaobed, at
th'j respective tlm^s, at the pUoes aad In the
manner specmud In said boni and Interest coupons. Tnis endorsement Is made by the proper offl jars of saldoinapanles, respec'.lvely. In
pursudnoe or authority heretorors duly given to them b/ said re
speotl re companies.
The Ci.scinnati Hamiltok & Dayton Ry.
Peek MABgjKrTK RU Oo.
[ilgned In each case by Preslnent, attested by Secretary.!
Oo
President H. E. King writes undsr date of Juae 15:
The property Is conBtructsd upon a very high standard and oonslits
or a belt line or 28^1 mlies la length, (jntlrely encircling Toledo, connecting with all steam railways and nearly all the electric railways
entering the city, and a double-track line 2\ miles In length, extending rrom the outer bolt line to the central rreight and pissenger station or the company in the heart or the city; also of valuable
real
estats, buUdlnge, dock property and rolling stock. Tne rreight
and
passenger 8t»tiou Is by far lUe largest and mast expensive lu the city
and It 18 located upon tracts of ground which famish ample room ror
growth iB track and yard raollltles ror many years to come. The com
pany also owns at many different points around .8 line lands suitable
Jor the location of Industries anl two steel bridge"?, each about
IjiiOO reet In length, which span thd Maumee River. With the exception of the $3,500,000 first mortgage bonds above rererred t and a
guaranteed Issue or $150,000 bonds or the Toledo
verslde Ry Oo
the company has no Indebtedness of any kind. All or the stock,
($150,000) of the Toledo Riverside Ry. Co. Is owned by the Toledo
Railway <fe Terminal Co., having been purchased ror the parpossor
acquiring valuable dock property at the mouth or the Maumee River,
i
)
R
with which track eonneotlon has been completed. The railway and
terminal property was constructed in response to a demand rrom railroad companies and shippers generally In order to racUltite the tranerer or traflla between the large nuniber or railroads entering at Toledo
and to give prompt service to Us Important and rapidly Increasing
industries. The company has no competitor and 18 the only railroad
which can handle all or this traffic at reasonable rates and In a prom Jt
and
efficient
manner.
Eugene Zimmerman, President of the Cincinnati Hjmilton & Dayton Riilway Co., and F. H. Prince, President of
the Pere Marquette RB. Co., say:
The Toledo Riilway & Terminal Co.'s road at Toledo, Ohio. Is the
connecting line between the Cincinnati Hamilton & Dayton Ry and
the Pere Marqaette RR. AH of the traffic of the C. H. <fe D. now delivered to Eastern trunk lines at various Interchange points In Ohio
and destined to points beyond Boffilo, amounting In the aggregate to
1,000,000 tons annually, and the Michigan traffia dellverea to all lines
ror points in Michigan and the Northwest via the Pere Marquette car
rerrles across Lake Michigan, amounting In the aggregate, Including
coal, to 1,500,003 tone annually, will pass over the tracks of the Toledo Railway & Terminal Co. The net earnings or the Terminal Railway, Including revenue derived rrom switching and rrom the Industries located on this line, will amount to more than $2 25,000 per year,
based upon the tonnage as shown by the last annual report. This net
Income does not Include the earnings derived Irom other oontraots
and railroad connections.
&
Philadelphia Company, Pittsburgh.— G'ttaranfeed Bonis.
& Verona St. Ry. below.— V. 79, p. 267.
St. Louis Terminal Copples Station & Property Co.—
Warning's.-The company reports earnings for the 14 months
ending June 80, 1904, as follows:
The Toledo Rtilway
Terminal Co., It ia stated, is now
handling 500 to 750 cars per day, and its normal business in
the near future Is expected to be 1,000 cars dail 7, with a gross
earnings capacity of $750,000 per annum, with operating
expenses of perhaps 50 p, c.
Compare Cinoinnati Hamilton & Dayton Ry. above.—V. 79.
Total receipts
p. 163.
—See Wilklnsbnrg
Expenses
Net earnings
—V.
74, p. 1143.
..
$347,128
78,432
$268,696
Net earnings
Interest on bonds
Balance, snrplas
$268,696
135,000
$133,696
Tlrginia Paesenger & Power Co.— State Court Suit.—
Judge Mullen of the Corporation Court in Petersourg, Va.,
on the 80th ult. delivered a lengthy opinion in the case of
Gao E. Fisher and others on an application for receivers for
the Virginia Passenger & Power Co, Tae Court entered an
ord^r for the appointment of receivers, and from this order
an appeal has been taken to the Supreme Court of Appeala
of Virginia and a suspanaion of the order for ninety days
asked for. The property is now in the hands of receivers
appointed by Jadge Waddill in the United States Circuit
Court, In the event of the appointment of receivers by the
State Court the question of prior and superior jirisdiotion
would have to be settled by the Supreme Court ot the United
,
San Francisco & North Pacific Rj.— Called Bonds.—Th^
Mercantile Trust Co. of New York will pay on Feb. 8, 1905
at 110 and interest, $28,000 bonds of 1889 drawn for the sinking fund.— V. 77, p. 449.
Southern Pacific Co.— Circular— Option to Subscribe —A.
circular dated July 30 gives full particulars regarding the
option of the shareholders to snbicribe to the first issue of
140,000,000 preferred stock, to be made in accordance with
the official announcemant in the Chronicle of June 25,
page 2600. Each shareholder of record on July 28 will be
permitted to subscribe at the office, 120 Broadway, by means
of the official warrants, at par, $100 per share, on or before
Sept. 1, for one share of the preferred stock for every five
shares of stock registered in his name. Subscriptions will be
payable in three instalments, viz.: 25 p. c, or $25 per eh we, at
the time of making the subscription, 25 p. o., or $25 per share,
on or before Oct. 3 1901, and the last instalment of 60 p. c,
or $50 per share, on or before Deo, 1, 1904; said stock to carry
dividends from July 1, 1904, If declared. Subscribers may
pay their subscriptions in full at the time fixed for the payment of the first instalment, in which case full-paid negotiable receipts will be issued, but no interest will be allowed.
All receipts must bs surrendered at the transfer office, 120
Broadway, on or before Dec. 1, 1904, in order that full-paid
stock certificates to be issued in exchange therefor may be
prepared for delivery on Dec. 10, 1904. Fractional shares or
fractions will not be sold or purchased by the company.—
Statss.—V. 79, p. 271, 214.
Wilkiiisburg & East Pittsburgh Street Rj.—Ouaranteed
Bonds.— See Wilkinaburg & Verona Street below.
Wllklnsbtrg & Verona St. Ry. Co.— Guaranteed Boida.-
Newburger
&
Bros.
Henderson, Philadelphia, are off taring at
1093^ and interest a block of this company's 1700,000 first
mortgage 5 p. c. bonds, due 1931, interest June and Dacember,
free of taxes. Guaranteed, principal and interest, by Wilkinsburg& East Pittsburgh St. Ry. Co., Monongahela St. Ry.Co.,
Consolidated Traction Co. of Pittsburgh and Philadelphia
Company of Pittsburgh.
INDD8TBIAL. eA8
AND MISCELLANEOUS
American Claj- Working Machinery Co.—Sali Ordered.—
Judge Wing, in the United States Circuit Court at Cleveland,
on July 22, ordered the sale of the company's two factories,
located, respectively, at Bncyrus and Willoughby, O to sat,
Toledo Railway & Terminal Co.— Guaranteed Bonds
0#ered.— Rudolph Kleybolte & Co,, New York, Cincinnati
and Chicago, are offering, at 108 and interast, by advertisement on another page, the unsold portion of this company's
$3,500,000 first mortgage 4}4 p. c. 80-year gold bonds of
11,000 each, unconditionally guaranteed, both as to principal
and interest, by the Cincinnati Hamilton
Dayton Ry. Co.
and the Pere Marquette RR. Co., jointly and severally.
These bonds are dated July 1, 1904, and du3 July 1, 1954
with interest payable Jan. 1 and July 1 at the United States
Mortgage ft: Trust Co., New York. The capital stock
authorized Is $3,500,000; issued, $3,100,OOJ; first mortgage
bonds authorized and issued, $3 500,000; Commo nwealth
Trust Co. of St. Louis, Mo., trustee.
&
QuABANTr Endorsed on Bordb.
For value received, the nnderslgned. the Cincinnati Hamilton 4
p«yton Ry. Oo. and the Pere Marquette RB. Co., and each or them
Jointly and severally, hereby guarantee the payment or the prlnolpai
and Interest or the wUhln bond as the same become ^ due and payable, according to the tenor ol aald bond, and the Interest ooupoua
a 18,000 claim of the Standard Fireprooflng Co, of New
York. The plants, it is said, are covered by a mortgage of
isfy
Compare plan in V, 78, p, 2387.
Amerloai Compiinil Bjaring Co.— Receiver ahlp.—\ iceChancellor Pitney at Newark, N, J., on June 30 placed this
company in the hands of Chauncey G. Parker as receiver on
petition of Col. Albert A. Pope of Boston, President James
A. Roberts of New York and other stockholders, who claim
that the company is Insolvent anl that Vice-President Congelton and Secretary and Treasurer Henry F. West had
arranged to sail worthless stock. A somewhat similar charge
was made recently in connection with the American Elevated
RR, by Frank R. White.
The American Compound Bearing Oo. was incorporated in New Jer$300,000,
sey on March 2t, 1903, with ¥125,000 ot authorized capital stock, and
it recently flied a certificate increasing Us stock to $5,000,000.
All stock certltloates Issued since March, 1903, It Is claimed, bear the
signatures or Messrs. Congelton and West. A llceaee from the Chapman
Double Ball Bearing Co. gave the right to manutaeture bearings ror
bicycles, automobiles and other vehicles under the patents of Charlea
contract was obtained rrom the Pope Manufact'g Oo.
H. OhapmAD.
d
Aug.
6,
THE CHRONICLE.
1904.]
629
American Falls Power, Light & Water Co., Focatello, at $350,000. The bond iesae of June, 1903, is limited to $750,Etc liaho.—Status.— Ihis company was incorporated in OO and of this amount there are $660,000 now outstanding.
The plant has only recently gone into operation; no statement of
Idaho on Sept. 17, 1901, with $300,000 of authorized capital
bfen m'vde, and will not be made until all the consumers
stock, by J. H Brady, D. W. Staniod and A. F. Caldwell, earnings has
contracts for power are supplied. They are now Installing
Trowbridge & Niver recatll/ having
all of Pocatello, and others.
and It Is expected they will all be ready for the
machlnerv,
their
offered at 1023^ and interest a block of firot mortgage gold power within a short time. Compare V. 77, p. 2282, 402.
63, dated Oct. 1, 1901, maturing O^t. 1, 1921, optional at
Consolidated Gas Co., New York.— Commissioners Ap105 and interest up to ten years, after which they can be repointed. Justice McCall, in the New York Sipreme Court,
(April
and
October
1st)
payable
at
interest
par;
at
deemed
on Monday appointed Senator Thomas F. Grady, Peter J.
office of trustee, Royal Trust Co., Chicago; denomination,
Dooling and Thomas Byrnes members of a commission to
in
substance:
$500; total issue, $150,000. A circular says
condemn city and State property in connection with the comProperty located at American F«ill8 and Pocatello, Idaho, Inclufllng pany's proposed new gas tunnel under the Eist River.
perpetual right to 2,000 cable Teet of water per second In the Snake
River at American Falls, capable of dereloplnK 10,000 horse power. Touching the effort of the State to prevent the construction
Power plant la on an Island of solid rook at the head of the "fallB." A of the tunnel, Deputy Attorney-Qiueral Calllns Is quoted as
raceway 400 feet long and 36 feet wide and a canal or tannel 53 feet saying: "An appeal will be made to the Appellate Division
long. 3» feet wide and 24 feet In depth carries water to the "SampBon" turbines, no d*m being required. The tranamlselon line to Poca- at the October term, and the appeal will act as a stay and no
work can be done toward building the tunnel. —V. 79, p. 502,
tello le twenty-five ml:es In length, tested to 60,000 volts, and now
',
—
carrying 33. &00 volts with a lass o' less than 9 per cent. Also has
taken over the property of the Pocatello Electric Light & Power Co.,
which has been on a dividend-paying basis f >r the pait ten years.
"With only one-tenth of the capacity of the plant being utlUzjd. the
net annual earnings, based on Docem'ier, 1903, receipts, were: Gross
revenue, $13,217! operation, Insurance, taxes, etc, $17,851; net earnings, $25,366, or over twice the interest charges. From new buslness Insight and already contracted for, It Is confidently expected
that net earnings before the end of the year will be fully $30,000 to
935,000, as the addlti jaal business can be easily handled without
added operating expenses.
American Fael
Co.,
advertisement says:
Thsse bonds are secured by first mortgage on bituminous coal-produolng property located In the well-known Harrlabarg dlstrlet In
lilinolB, on the Cleveland Cincinnati Chicago & St. Louis By., consisting of land in fee estimated to contain 5,000,000 tons, and complete modern mining plant of 1,000 tons dally capacity, the entire
property being conger vati rely valued at $230,000. The proceeds are
to be ueea In completing purchase and Increasing the capacity. The
net earnings In 1903 were $41,326 and for 1904 will be approximately $55,000.
American Hide & Leattier Co.— Balance Sheet of Pfister &
Vogel Leather Co.— Oa page 625 will be found a recent
Vogel Leather Co. of Milbalance sheet of the Pfister
waukee, whose President, F. Vogel Jr., vras recently elect.
Leather Co.—V. 79, p.
ajflirectorof the American Hide
&
&
105.
American Navigation Co Cleveland.— Forecbswre
,
Sale.
on Jaly 80 the company's steam vessels Minnetonka and Minnewaska were bid
in by George W. Cottrall for $125,000, the upset price. The
sale was made under order of the United States Circuit
Court for the foreclosure of the first mortgage of Jaly 1,
1903, Citizens' Savings & Trust Co. of Cleveland, trustee,
and the second mortgage of 3 An. 1, 1908. V. 72, p. 243,
sale in Clevelaad
—
American Fneamatic Horse Collar Co.—SoW.
—This com-
pany's property, against whicii several attachments were
Granted a few weeks ago, has since been sDld under a
riendly arrangement with the creditors. The shareholders,
we are informed, will be called together soon after the summer vacation to reorganize without formal committee or
bankers, as it is desired to save expense. A. L. Norman, 25
St., was Secretary.— V. 78, p. 2444.
American Pnevmatic Service Co.— New Trustee.— The
Broad
In-
ternational Trust Co. of Boston recently succeeded the BosTrust Co. as trustee under the $600,000
ton Safe Djposit
mortgage made Jan. 1, 1902, by the Lamson Consolidated
Store Service Co.— V. 78, p. 2883.
&
American Radiator Co.— New Director,—J amea B. Forgan
(President of the First National Bank of Caicago) has b«en
elected a director to succeed the late William T. Baker. The
regular quarterly dividend of 1^ p. c. has been declared,
payable Aug. 15 to holders of record Aug, 10.— V. 78, p. 986,
Arlzsna Copper Co. Limited.— fJarnin^s
—The
English
company
reports for the half-year to March 81, 1904:
£14,863 brought forward Sept. 80, 1903, £163,680; dividends for the half-year on the A preference shares and the
7% preference stock, £ 12,266; Interim dividend paid July 27, 1904,
on the preferred ordinary and deferred ordinary shares, * 107,659;
balance, £43,655, from which will be deducted a sum for the redemption of debt and contingencies.— V. 78, p. 2444.
British Westlnghonse Electric & Mannfactnring Co. Balance Sheet.— See Westinghouse Electric
Manufacturing Co. on page 624.— V. 78, p, 930.
Profltf, Including
&
Cambridge (Mass.) Electric-Liglit Co.— Dividend Increased.- The quarterly dividend paid Aug. 1 was 2 p. c,
being at the rate of 8 p. c. per annum, contrasting with the
6 p. c. rate maintained for some ten years past. A majority
of the $700,000 capital stock is owned by the Cambridge
Electric Securities Co.— V. 78, p, 1651.
Cambridge (Mass.) Electric Secnrltles Co.— Increased
Income.— See Cambridge Electric Light Co. above.— V. 78,
p. 1651.
Canadian Westinghouse
Co.,
Um.—Balanee Sheet.-See
statement for Westiagbouse Electric
on page 634.— V. 77, p. 1295.
—
&
Manufacturing Co.
Catawba (Water) Power Co., Sonth Carolina. —iVewSfocA;.
The common slock has been increased from $400,000 to
|600,000,
which
is
"
Consolidated Paper
& Big Co.— SaZe. —M.
U. Djmarest,
trustee in bankruptcy, Elkhart, lad,, will until Sept. 22 receive bids for the purchase for cash of this company's plant,
which is s»id to have cost ab )ut $150,000, The property is,
CO be sold fre^ of all liens.
Cr<tmp Steel Co., Colllngwood. Oat.— Another Circular.—
The Security Protective Association, E. C. M. Rand, President,
Lincolo, Neb.— Bonds Offered.— Biia 49 Wall St., has, "at the instance of large shareholders, who
are asked until Aug. 15 for the entire issue of $135,000 of
6 p. c. first mortgage bondi to b'J dated Sept 1, 19 J4, secured
by mortgage to the Equitable Trust Co. of Chicago, as trus
tee, and to mature: Sept. 1, 1905, $5,000; Sept. 1, 1936, $10,An
000; Sept. 1, 1907-1914, both inclusive, $15,000 yearly,
—At the foreclosure
105.
the limit;
the preferred stock remains
paid cash for their stock, taken steps to ascertain the true
position of this company, with the view of exercising oversight of the reorganization proceedings."
circular says:
This company was incorporated under tha Ontario law In May,1900;
in 1901 a prospectus was Issued for the sale of $1,000,000 7 per cent
cumulative preferred stock; afterwards the total capital stock was
offered ($5,000,000). of which there Is still In the treasury $1,764,000
(about $500,000 preferred being sold for cash). Of the amount ontstaadlng over $2,000,000 was Issued to company otSoers. Insteal of
Installing a blast furnace, an old second-hand, small sized open-hearth
plant was purchased at a cost of about $60,000, to which should be
added cost of Installing It In Colllngwood; total amount expended
perhaps $200,000. The management now admit that the company
does not own any coal properties In^irglnla, and while It Is said that
It owns mines In Ontario, there Is nothing tu show that they do or that
this property has been developed.
Several plans for reorganization have been under dlsoaislon, one, It
Is understood, proposing to float $300,000 of bonds at 70. Also a plan
is jast put forward by a committee claiming to represent stockholders
— tbe committee being also the promoters of the wire company at
Oollinjjwood. With the exception of some $i2,000' due to the North
American Trust Co. on a mortgage, and some small floating debt,
there does not appear to be anything outstanding against the property. If the condition under which the town of Colllngwood is to pay
the $60,000 should be performed, the amount available would probably be about sufliolentto wipe out all present Indebtedness, so that all
that would really be needed would be working capital. It also appears that a considerable amount Is still due to the company from
persons who anderwrote the original lesne of preferred stock. As
soon as we have sufficient facts, we will submit a plan.
The shareholders are asked to sign a power of attorney
and to remit $1 per share of preferred and 50 cents per share
of common stock.
Compare V. 79, p. 215.
A
C rocker- Wlieeler Co. of Ampere, N. J.— Right to ManuAlternating-Current Machinery.— JJ aAer date of
facture
July 6, 1904, the following oflBoial announcement was made:
By arrangement with the celebrated electrical engineers, Brown,
Boverl & Cle. of Baden, Switzerland, we have secured their alternating-current designs, patents and rights to manufacture In Amerlea.
and have retained them as consulting engineers. We are now patting on the market alternating-current generators, transformers and
accessories of the most perfect design adapted to American practice.
-V. 78, p. 1449,
Eastern Iron Co.— Successor.— See Hudson Iron Co. below.
Eastern Milling & Export Co.— SoZd,— At foreclosure
on Aug 2, the company's 27 mills, together with the
995 shares of stock held by the Union Tru^t Co. of Philadelphia, were sold as one lot to Charles H D imp wolf, representing York, Pa., bondholders, for $316,000. Toe bondholders' protective
committee, headed by Clarence L.
Harper, President of the Union Trust Co., bid $315,000 for
the milling properties. Certain personal property was sold
in small lots, an elevator at Frederick, Md,, bringing $4,000.
sale
—V.
78, p. 23S7.
Eastern Steamship Co.— Steamer Floated,—The R jckland
has been floated. Bee V. 79, p, 503.
Empire Coal & Coke Co.— Soid —The "M jntgomery Dispatch" of Jaly 29 said that N. W. Trimble, referee in bankruptcy, has signed a decree transferring this property to
Leo
K, Steiner, Frank Nelson Jr. and associates— V. 77, p. 2100.
Erie & Western Transportation Co.—Bond Issue.- The
shareholders of this company, which is controlled by the
Pennsylvania Railroad, will vote Ojt. 5 on a proposition to
issue $1,500,000 bonds secured upon certain terminal properties. The proceeds will be used to pay outstanding obligations
and t} increase the terminal and shipping facilities. (Concerning the company's charter, compare V. 79, p. 478, under
caption " United
Improvement Co.)— V. 70, p. 689.
Fall River Mills.- Sfrifce.— The strike which began on
Jaly 25, Involving some 25,000 operatives and all the nillls In
Fall River except those of the American Thread Co.,
the New England Cotton Yarn Co. and the Fall River Iron
Works, continu ^s unabated. The cause of the strike was a
reduction of 12% p. c. in wages by the Fall River Cotton
Manufacturers' Association, following a reduction of 10 p. c.
Qm
made
last fall.
PoMed.— The Hargraves Mills and the Parker
have broken their dividend records by deciding not to
make the usual dlstrlbuti }n this month.
Dividends
Mills
.
THE CHRONICLE.
630
Vol. lxx!X.
—
Federal Sagar Rehning.—N jo Plant in Operation, The
Knickerbocker Li(?ht ft Heat Co. of New York.— Jncorcompanv'a nww refinery hae beq;an operations and iB produc
porafion.- Articles of incorooration have been filed at
ing abont 1500 barrels of suRar per day. Its total capacity Albany; authorized capital stocir, $650,000.
Directors: F. P.
will prepently be 4, COO barrels.
The company has author- Billmeyer, H. R. Bray ton and n. S Fairchild of New York.
ized $30,000,000 of common and $80,000,000 of 6 p. c. cnmaLaarentlde Paper Co., Grand Mare, ilae.— Dividend Relativw pref. stock; arroant outstandinsf not disclojed. Ofiiae,
duced. Ttils company, which for some three years past made
188 Front St., New York.-V. 75, p. 561.
semi annual distributions to its shareholders at the rate of 8
Fulton Coal Co., Philadelphia.— Reduc«oi of Stock.— p. c. per annum, recently declared a semi-annual dividend of
The shareholders will vote Sept. 21 on decreasing the capital 8 p, c, being at the reduced rate of 6 p. c. per annum. The
capital stock authorized and paid up is $1,600,000; par of
stock to $218, 867.— V. 77, p. 772.
—
shares, $100; bonds, $1,200,000 of gold 6
per cents of $1.0fO
General i.8pbalt Co.— Venezuelan Complications.— The each, secured by first mortgage due .Jan. 2, 1920, interest
Venezaelan Gtovt^rnment has attacbed the properties of the payable January 2 and July 2. On Jnne 30, 1902, there were
New York & Bermndez Asphalt Co. in Venezuela, inclnding $583 387 bills payable outstanding. Sir "William Van Home
the flsjihalt lake, and has placed the same in the hands of is President.
A. H. Garner, former manager of the company, as cnstodian
Lone Star & Crescent Oil Co.— Remainder of Property
or receiver. This action, it is stated, was based en the al- Sold. At New Orleans on July 30 the remainder of the
leged failure, presumably technical, to perform certain company's property not included in the sale of June 1 was
agreements respecting the dredging of channels, digging of put up at auction and bid in for $58,000 by Leo Fellman of
canals, and exporting other articles than asphalt.
The New Orleans, representing a syndicate of local and other
Venezaelan Government recently demanded $9,850,000 from capitalists. The property so sold was inventoried at $121,941
the New York & Bermudez Asphalt Co., claiming to have and included a pipe line 7 miles in length, three oil tanks,
expended that amount in connection with the late revolu pumping plant and real estate on the levee at New Orleans.
tion, which, it claims, was aided by the company.
The —V, 78, p. 2837.
State Department at Washington is expected to take measLos Ansreles (Cal.) Gas & Electric Co.— iVewj Bondt—
ures to protect the interests of the company.— V. 79, p. 272,
Status of Company —Of the $4,000,000 5 p. o. gold bonds au101.
thorized by the shareholders on Jnne 15, $750,000 have been,
Goodyear Tire & Bnhher Co., A'krov. —Preferred Stock. — or shortly will be, issued; $1,750,000 are reserved and may be
This company h'ls filed a certificate of conversion of all the issued from time to time after Jan. 1, 1905, for not exceeding
capital stock into preferred 6 per cent stock, $1,000,000. See
75 p. o. of the cost of additions and improvements, and the
remaining $1,500,009 are reserved to retire at or before maV. 78, p. 2014.
Greene Consolidated Copper Co.— Report of July 22.— turity a like amount of underlying bonds, viz
(1) Los Angeles (Cal) Electric Co. (V. 76, p. 922) $500,000 first
President W. C. Greene says in substance:
mortgage
bonds, due Jan. 1, 1928, but sutiject to call on or
Oar bnUlon proauotlon daring jane was .5,538,213 lbs., containing after Jan. 5-per-cent
1, 1913. at par and one half of one per cent for each yf^ar or
—
:
lbs. of eleotrolytlo copper, 50 467 oza. of sliver and
339,880 0Z8. of gold; there were sold 6,877,200 lbs ot reflned copper at
an average price of 12 563 cents a poand, this being 1.432,594 lbs.
more than the June production. On JoJy 1, 1904, we had In transit
and In process of reflnlng 20,950,332 lbs. Ths open contracts or
copper sold, not delivered, amounted to 7,793.521 lbs, leaving a
balance of unsold copper of 13, I56.*i01 lbs., of which amount 112,134
lbs. of copper was refined and available for Immediate delivery. On
Jnne 25, 1904, a dividend of 3 p. o. was declared, payable Aug. 1
This dividend. No. 7, makes the aggregate amount of dividends
declared by your company to date $1,170,400. The report of the
Auditor as of Jaly 1 shows: Caih on hand, la banks and on o»ll,
$388,901; dae on copper In transit at present market price, approximately, $542,021; bills payable, $106,317. Thlslast amount does not
Include the quick assets of the Cananea Consolidated Copper Co, which
are very largely In excess of Its current Indebtedness. At the mines
the usual amount of development work has been done and construction work Is progressing satisfactorily In all branches of the company's
plant. The production will be maintained at the present figure of
between five and six million pounds of copper per month, Ic being the
5,444,606
,
intention of the management to uttllza the Inoreased oapaolty of the
plant by treating larger amounts of lower-grade ores.— V. 78, p. 1786.
Hartford (Conn.) Electric Light Co.— A'ew Stock.— Th^
directors on Aug. 2 voted to recommend the increase of the
capital stock from $1,400,0(jO to $l,6'JO,O0O, by sale at par to
holders of record, to provide for improvements and addiThe books, it is said, close on Aug. 10.— V. 76, p. 1083.
tions.
Hadson Iron Co., Secanca?, N. J.—Successor company.—
company was incorporated in New Jersey on June 6,
This
with $1,500,000 of authorized capital stock, to sucthe Eastern Iron Companies of
New York and New Jersey, including the blast furnace,
annual capacity 27,000 tone, at Secaucus, N. J.; 250 acres of
red hematite iron ore lands, wi^h mines of daily capacity of
400 tons, at Gouvemeur, New York. Officers:
1904,
ceed to the propsrty of
Chase Anilrews, Freaiaent; Haroia G. Viilard. Vice-Fresiaent, and
J. M. Clark, Secretary and Treasurer; General Manager, Albert Trlnler, formerly manager of the National Stef>l Company's plant, at
Sharon. Pa, New York office. Bowling Green Building.
Tiie Eastern Iron Co. of N. Y. was incorporated In November, 1902,
with $600 GOO stock; Its ally, the Eastern Iron Co. of N. J., was organized lu July. 1903, with $100,000 stock. The Secaucus blast furnace,
Idle since 1893, was thoroughly rebuilt and modernized, and the
Gouvemeur iron ore property was pnrohased from the Kearney Iron
& Mining Co.
fraction thereof such bonds are redeemed before maturity. Bonds
guaranteed bv lios Angeles Lighting Co. conpons payable Jan. 1 and
July 1. Trustee. Union Trust Co. of San Francisco. (2) Los Angeles
Lighting Co. (V. 76, p. 922) $1,000,000 mortgage 5 per cents due April
11, 1924, guaranteed by the Pacific Lighting Co. This $1,030,000
bonds includes some amount reserved to retire 6 per cents due Jan. 1,
1905 (V.76, p. 922).
We
have been favored with the following
:
Incorporated March 29, 1904, succeeding to the business of the Lob
Angeles Lighting Ou. and the Los Angeles Electric Co. Has a perpetual gas franchise and an electric franchise ranaing until 1917.
Controls entire gas Industry of Los An«eles; also supplies olty of
South Pasadena. Owns an electric light and power plaut with a distributing system of underground conduit and pole lines covering entire olty of Los Angeles. Population saopUed. 1903, 150,000. Gas
output, approx., 1,250,000,000 ft. per annum. Price of gas to consumers, 1903. 95o
Capital stock authorized, $5,000,000; issued,
$4,000,00-'. Dividends [ are to be paid] monthly. Bonds (see above as
to application) $4,000,000 first mortgage 5 p. o. gold; das July 1,
1934; Interest January and July Trustee of mortgage and agent for
the payment of Interest. Union Trnst Co , Srin Francisco. Interest Is
also payable at the offloe of the Company. Los Angeles. Cal.
Officers W. B. Cllne, President; Wm. M. V^an Dyke, Vice President;
Baurhyte. 2nd Vice-President; R. M. Alams. Secretary; H. L.
;
Wm
:
Flash, Treasurer.
Baurhyte. K. M.
Directors: W. B. Cliue. Wm. M Van Dyke, Wm.
Adams and Wm. A Cheney. Corporate and main
Los Angeles, Cal. Annual meeting fourth
January at Los Angeles.
The company is controlled by the Pacific Lighting Go. of
San Francisco (See V. 76, p. 923).
In August, 1903, control of the P<i9<»dena Consolidated Gas
Cc. was acquired by the Pacific Lighticg Company, and a
certificate was filed increasing the bonded debt of the Ptsadena Co. from $210,000 to $250,000. Compare V. 77, p. 234,
and V. 76, p. 1262.— V. 79, p. 107.
office,
645
Wednesday
So. Hill St.,
in
Los Angeles (CaL) Independent Gas Co.—Status.-The
"San Francisco News Bureau" says:
There has been filed an attachment salt against the company by the
Laoey Mnnufacturlng Co. for $980 for goods delivered. The G«s
Company has no works of its own, bat ob'atns its gas froiu the Los
Angeles Saburban Gas Co., all the stock of which, except a nominal
amount, is controlled by Prof. Low?. The Subarban Company operates a plant in the Arroyo Seco, near South Pasadena, and is bonded
for $300,000, of which AISO.OOO is said to have been issued. The Los
Angeles Independent Gas Co. owns its distributing system, which, it
It has no bonded debt, but owes unseis thought, cost about $50,000.
cured amounts. The gas plant on Sc. John St. Is unler the ban of the
City Fathers, and is tl«d up In litigation. Prof. Lowe claims to have
Kinloch Long Distance Telephone Co. of Missonri.— interests
In Pittsburgh, Pa., and at Rockawav, L. t., whi.'h he claims
Statu8,—We have been favored with the following official will bring him in $50O.C00 in a short time.
statement:
Luna Park Co.— Dividend.-This company, which was inThis company has completed lines to Terre Haute, and established corporated at Albany on Aug. 29, 1903, and which in June
connection with the Indiana and Kentucky Independent long distance last increased its capital stock from $1,000,000 to
$2 000,000,
companies to Sedalla »nd Nevada, Mo where connection la made
with the lines ot the Kansas Olty Independent telephone company, paid on July 15 a dividend of 5 p. c. The land included in the
and has flnlehed toll lines to JopUn. We have under construction now park is held under a twenty-one year lease, which runs until
toll lines to Bprlngfleld, 111., for connection with the Independent
Recently George A. Kessler of this city purchased all
1915.
telephone companies operating In the northern part ot the State of
the real estate of the Sea Beach Laud Co. (about 50 acres), innUnola.
Oar mortgai^e Is dated Jan. Ist. 1904, and secures an autbor- cluding the land covered by the lease, for a little over $1,000,leed Issue of $5,000,000 of first mortgage 6 p. c. 25 year gold bonds 000.
This purchase is sutiject to the aforesaid lease. The
dated 1904 and due 1929; $700,000 of bonds are to b« Issued on the
present property and $300,000 whenever the company shall expend change in ownership of the land does not atfect the status
Th'^ latter has outstanding $500,000
that sum for actaal additions; the remaining $4,000,000 are to be of the Luna Park Co.
issued from time to time when required by our company in amounts of 6 p. c. gold boods of $1 0(0 each, interest pnyable Deo. 31
equal to 75 p. o. of the actual cost of permanent additions and ImJuly 1; People's Trust Co., mortgage trustee. The capprovements, provided the net earnings amount to at least the rate of and
10 p. 0. per annum on the principal of the bonds outstanding and also ital stock issue must not exceed $10,OuO,000; par of sh>ire8,
the bonds to be issued at the respective times. The Aiuerican Trust & $100. Frerterick Thompson is President, John T. Evans,
Savings Bank of Chicago and Geo. W. Galbroath of St. Louis are the S-cretary; Elmer S, Dundy, Treasurer. Office, 1441 Broadmortgage trustees.
None of the stock le owned by the Klnlooh Telephone Co., nor aie way, New York.
our bonds guaranteed by this latter oonap^nv. Our st»okholdfrs,
An exchange said last week:
however, are In the main also stockholders In Kinloch Telephone Co.
The amusement parks at Coney Island are both doing a very large
Of the $5,000,000 of authorized share capital, $400,000 hae been business. When Dreamland was opened this year it was thought that
issued, having ben paid for *n cash by the stockholders.
the earnings ot f^ana Park might be cat down. These two resorts,
Directors andoffl er*: President, C. Marquard Forster; 1st VicePres
however, seem to advertise each other. The gate receipts at Luna
Julius S. Walsh; 2d Vloe-Pres.. Wm. D. Orthwein; Treasurer, Breckin- Park up to the end of last week were 44 p, o. greater than for the corridge Jones; William P. No kei; KoUa Wells, August Gehner. Philip responding period last year. The admissions at Luna Pitrk wtU pass
Stock, Adolphus Basob, 8. M. Kennard, Henry Nicolaaa. OHloe, Blalto the 3,000,000 mark this week. The Brooklyn Rapid Transit Co. la
Bulldlnr. St. Loals. Compare V. 79, p. 155.
benefiting greatly by this increase of traffic to Coney Island.
,
,
—
:
Aug.
6,
THE CHRONICLE.
1904.]
Maryland TelephoBC & Telegraph
Co.,
Baltimore.— ^a;
change of Bonds.— The "Mannfacturers' Record" of Balti-
more
says:
It 18 stated that the general mortgage bondholders are generally
ooneentln^ to an exchange of tlieir bonds for bonds In a new company
to be or^tanlzed In pursuance of plans for buildlnj? an eleotrlc-llght
and power plant. The new company will Issue, It Is reported, *6,000,000 of bonds and will own both the new eleotrlo plant and the telephone systems established.— V. 79, p. 503.
JMrdTale Steel Co.— Status.— The "Philadelphia News
Bureau" quotes a director as saying:
We hope that next year we can compete with the Carnegie and Beth-
lehem Steel Companies for Government armor plate contracts on an
Qalte Independently of the
equality and with reasonable profit.
armor plate buildings now in oonrie of construction, we have been for
years prepared in many respects for the manufacture of the steel
which the Government needs for the plates. We have made guns and
projectiles for the army and navy for a long time, and our work Is
well regarded at Washington. The extensions to our works now going
on will cost, I should say, when completed, upwards of $2,000,000.
The new shops may Involve the Increasing ultimately of our present
force of men by half. There will be no necessity, I feel sure, of any
bond Issue or similar method of raising funds to meet this expenditure
as the company Is very f'trong on the financial side, having made fine
earnings in the past. The manaeement has not yet decided what
process to use in the manufacture of the armor plate. It is my impression That we will not use either the
78, p. 1396.
Harvey or Krupp process
exactly.
631
cumulative preferred atook and had outstanding $887,000
first mortgage 5s, due July, 1912, total authorized issue, $1,250,000. Colonial Trust Co., trustee.— V. 74, p. 99.
New York & (Queens Gas Co.— Merjer.— This company, incorporated on July 9, 1904, with $600,000 of capital stock,
has filed at Albany a certificate of the merger of the Newtown & Flushing Gas Co. (V. 71, p. 139,). Charles Thomas
There are outstanding
is President of the new company.
$300,000 5 p. c. gold bonds of the Newtown & Flushing Company, due Aug. 1, 1930, interest payable Feb. 1 and Aug. 1 at
Union Trust Co., N. Y. Miles of mains, about 39. Annual
output, 80,000,000 to 100,000,000 cubic feet.— V. 79, p. 274.
Newtown &
York
Flusiilng (N. Y.) Gas
& Queens Gas Co. above.— V.
Co.— Mergrer.—See New
71, p. 139.
NilesBement Pond Co.— Common Dividend Reduced. —
With the regular quarterly dividend of 1^ p. c. on its preferred stock, payable Aug. 15, the company has declared a
semi-annual dividend of 3 p. c. on the common stock, being
at the rate of 6 p, c. per annum, payable in two equal instalments on Sept. 15 and Dec. 15, to holders of record Sept. 10
and Dec. 10, respectively. Previous dividends on the common stock were Year 1901, 6 p. c; 1932 to June, 1904, inclusive, 8 p. c. per annum.— V. 78, p. 1113.
:
—V.
Mllwankee Gas Light Co.—Bond Offering.— Description of
Pacific Lighting Co.— See Los Angeles Gas & Electric Co.
Property.— The circular of Kountze Bros, and Farson, Leach
& Co. offering |1,000,COO of the first mortgage 4 p. c. gold above. V. 76, p. 923.
bonds at 90 and interest says in substance:
Pacific States Telephone & Telegraph Co.—Earnings.—
Bonds dated Feb. 28, 1902; maturing May 1, 1927; redeemable at For the 5 months ending May 31 earnings unofficially reupon eight weeks' notice; Inter-
110 and interest on
est payable May 1
any Interest day
and Nov. I In New York; denomination, $1,000;
Central Trust Co., New York, trustee. Authorized issue, $10,000,000;
reserved for retiring $30,000 bonds on the offloe building and for future extensions, additions and improvements at 80 p. o. of the actual
oost of the same, «3,0 00,000; bonds outstanding. $7,000,000. The
$1,000,000 bonds offered by us were issued to provide for extensions
necessitated by the rapid growth of the business and to build a new
plant for the manufacture of coal gas on a large tract of land (about
20 acres) recently acquired on the Menominee Klver and the Chicago
Milwaukee & 8t. Paul RR. The capacity la now about 9,500,000 feet;
per day, and either water gas or coal gas can be manufactured as may
be desired. There are now in use more than 350 miles of mains, over
70,000 meters and about 2,500 street lamps.
The company was organized in 1852 uuaer a perpetual charter and
a perpetual and exclusive franchise, and Is the only company supplying gas in the city of Milwaukee. The Act of Incorporation gives the
company an exclusive and perpetual right to manufacture and sell
gas for lighting the city, the streets, buildings, public places and
bouses therein. Our attorneys, Messrs. Dillon & Hubbard, say: "Regarding the exclnsive and perpetual right of the company to manufacture and sell gas and use the streets of the city for laying pipes for
the distribution thereof, sustained by the Supreme Court of the State
of Wisconsin, 29 Wisconsin. 45i, It Is our opinion that, althont^h there
is in the Constitution of Wisconsin, as in the Constitution or statutes
of most other States, a right reserved to the State to alter, amend or
repeal charters of corporations, yet the said perpetual and exclusive
authority or franchise to use the streets Is one of the vested rights of
groperty which cannot be Impaired or taken away as against the
elders of bonds secured by said m'>rtgage."
The sales have increased rapidly (doubling abDut every six or seven
years) as follows (in cubic feet):
1903.1,611, 723,900ft. 1901.1,166,694,864 ft. 1899. 928,775,400 ft.
1902.1,348,245,820ft. 1900.1,065,276,060ft. 1893. 863,981,060ft.
The net earnings applicable to Interest on bondi, after deducting
all expenses and taxes, aa verltled by our auditors, the Audit Co. of
Illinofs, and by our engineers, are as follows:
1903
1902
I
I
|
|
$620,879 1901
$486,062 1899
$469,474
626,273 11900
492.820 1898
464,071
The interest on the outstanding bonds is only $284,000. Large sums
from earnings have been used for extensions and improvements. No
benefit has as yet been received in earnings from the new plant,
which has been under construction for the last two years, but it is
now about ready for operation, and economies of operation provided
tor should materially reduce expenses. Sales of gas increased over 12
p. c last year, but owing to increased cost of coal on account ot the
coal strike, operating expense* were a little larger. With coal at normal prices net earnings should largely Increase the oomlni; year Oar
engineers estimate that the earnings for 1904 should be $756,000.
Although the company might, under Its exclusive franchise, charge
higher prices, it has been its policy to sell at tlie lowest prices consistent with good quality and service. The price of fuel gas is 60 to
80 cents and Illuminating gas 80 cents to $1, according to quantity
used. Regular dividends have been paid for the last forty-flve years
of not less than 6 p. o. per annum.
Toe capital stock authorized is $1,500,000; outstanding,
11,880,150; 6 p. c. preferred stock concracte, $3,760,800; both
ieeues reported as owned by the Western Gas Co., which in
turn is controlled by the American Light
Traction Co.
(compare p. 455 of Railway and Industrial Section); par of
shares, $50.— V. 79, p. 215.
1
I
|
&
Moncie (Ind.) Palp Co.— Bankruptcy Proceedings.— Bankruptcy proceedings have been brought agaiast this company
by its Treasurer, Gustav L. Jaeger, a creditor to the extent
of |40,C00, and other claimants. The company is a New
York corporation, incorporated Feb. 17, 1888 capital stock,
$250,000.
About five years ago an issue ot $250,000 6 p. c.
gold bonds was made
of these, $94,000 are now reported
outstanding, with interest in default. In 1908 the company
made a new mortgage to fiecure an authorized issue of
$700,000 bonds. Compare V. 77, p. 1538. The company'd
financial statement of June 1, 1904, it is reported, shows
;
ported
:
Toll
MiscelTotal
Operating
Five
Exchange
Net
service,
laneous. income.
service
expenses. tarning$.
month$.
li*04....$2,07H,0l0 $606,223 $52,380 $2,736,614 $1,930,380 $806,234
1903.... 1,853,537 580,029 51.879 2.485,446 1,918.535 566,911
Dividends for the five months on the $12,000,000 stock at
the rate of 7 per cent yearly, as recently increased from 6 per
cent, call for $350,000. Five months' interest on the outstanding bonds of the Sunset Company calls for $55,625;
other charges, (?).— V. 79, p, 374.
Pertli Amboy Ship Ballding & Engioeering Co. Lease.
—Receiver William P. Voorhees announces that he has
leased the plant of the company at Perth Amboy to Lewis
Nixon.—V.
77, p. 852.
Pickands, Mather & Co. of Clereland.- Sfafus.—The
"Iron Age" says
The firm owns Hemlock Mining Go., is Interested with the Lackawanna Steel Co. In the Verona Mining Oo. operating on the
Menominee and Qogeblc ranges; owns the Crete, Hohart and Malta
mining companies; is interested jointly with the Lackawanna Steel
Co. in ths Scranton Mining Co with Jos. Sellwood in the Cyprus, and
operates the Sparta Mining Oo.— all on the Mesaba range. Hemlock
,
will this year ship 125,000 tons, against 80,000 tons last season;
Verona mine is permanently abandoned and will revert to its owners,
but Baltic and Vivian, of the same company, will ship considerably
more than last year. Mines of the Crete and Hobart companies are
active, except for Troy, of the first named; Malta Is belUK pumped
out; Sparta is shipping stock, and Scranton is idle for tlie season.
The unfavorable conditions that ntill prevail in the iron trade are not
underrated, and Secretary and Ore Manager H. S. Haselton thinks
they may continue until late In the year, but it is considered advisable
to make fait shipments this year. Compare V. 78, p. 771.
Pittsburgh Stove
& RaNge
—
Co., of
Pittsburgh,
Pa.— Coi-
centration of Plants. When the company was organized In
Plans are
1900, it acquired nine stove and range plants.
now in process of execution by which all the plants except
the Baldwin & Graham plant at New Castle, Pa,, will be
concentrated in Aiiegbeny, Pa. These plans include the construction of a 7 story factory, warehouse and office building
of brick and terra cjtta, covering an area of 60x200 feet and
an addition 80x100 feet] to the foundrv of the AnshutzBradbury Co. The "Pittsburgh Gazette"' says:
The Rebecca Street (Allegheny) plant has been sold to the Joseph
Home Co.. and the DeHaven plant, in Preble Ave., to William Duff.
The Blssell plant, in Robinson St., Allegheny, is being used by the
company for Its offices and for storage parposes.—V. 74, p. 730.
Societie Anouyme Westlnghonse.— Balance Sheet.— See
Westinghouee Electric
Manufacturing Co. on page 624.
&
Standard Telephone & Telegraph Co.— Receiv rship,—
Judge Audenried at PhiUdelphiaon July 20 placed this property in receivers' hands on the application of the John A.
Roebling Sous Co., wbioh holds a claim against it for $6,000.
The receivers are I. D. Ginhar% Auiitor of the Keystone
Telephone Co., and T. O. Atkinson, Treasurer of the Bucks
County Trust Co. The Standard Company was incorporated
in 1891, and owns, it is said:
Eight telephone exchanges, with pole lines between Bristol, Hathoro, Yardley, Qaakertown, Newtown. Perkasle, Doylestown and
L>»nghorne, Pa.. i»nd In New Jersey at Morrlsvllle, Burlington and
Riverside.
;
:
Assets, $1,269,036; liabilities, $267,895. which included $94,010
bonds. The principal assets were mill bnildluKs and plant at Munole.
$544,000; mill land, firas plant, pipe lines and oil land leases, $33^,000;
cash and accounts recelviible, $^.'),000; timber lands on MISHisHtppl
River, $2^5,000; stnmpage, river barges, water rights, etc., $42,0JO.
In this city on Wednesday Judge Thomas of the United
States District Court appointed LeeOppetih^imer, 29 Liberty
St., as receiver.— V. 77, p. 1536.
Natural Food Co.— Fresident Retires.— PreBident Henry D
Perkins has resigned to devote his attention to an educational
project in Maryland.
At last accounts the company had
authorized $8,750,000 commoa stock and |1, 250,000 6 d. c.
Swift & Co.— Strike.— The packers gave out a statement on
Thursday claiming that they were shipping 831 car-loads of
fresh meat dally and had, at all points, more than 29,000 men
at work, including
:
A Co, 8,623; Nelson. Morris A Co.,
3,648; National Packing Company, 4.105; l.lbby, McNeill A Libby,
821; Hchwarzschlld&Sulzburger, 1.926; Uudahy A Oo, I,4.')i.
On the other hand the friends of the strikers assert that at
Chicngo, wh«re the trouble is most general, there are 28,750
men on strike, and that of perhaps 6,475 m«n at work, only
about 555 were recently union men. Tb»» live-stock handUnion
lers in the yards of the Chicago Junction Riilways
Slock Yards Co., after etr iking, returned to work. Nothing
has come of the proposiiiooH to extHnd the strike to New
York City and to forbi<l the freight-haadlers of the railroad
from handling the packers' proiucts.— V. 79, p. 504.
Armour
A
Co., 9,115; Swift
A
—
:
THE CHRONICLE.
632
Toledo (O.)Coitl & Clay Co.— Mortgofje.— A mortgage hae
been filed to the Secarity Havings Bank <feTrn8tCo. of Toledo
as trnstee to etcore $850,000 bonds for additions, etc. The
company owns coal and clay properties in Michigan and
Cambridge, Gaernsey Co,, O. It is a coEsolidation of th«
Toledo Coal * Coke Co. and the Fremont Coal & Mining Co.
The President is Chas. Q. Hart, Adrian, Mich.; Secretary,
C. O. Mlninger, Toledo, and Treasurer, C. B. Close, Toledo.
[VOU
LXI1X«
chase at a satisfactory rate, and a special fund was deposited
in bank for the payment of the balance, which will mature
Aug. 10, 1904. The syndicate, headed by Blair & Co., received a commieslon of 6 p, c. for underwriting this $6,C00,000 of preferred stock. Only about $900,000 of the issue was
taken by the shareholdeis.
Secretary Crenshaw is quoted as saying: "The surplus current assets of the Virginia-Carolina Chemical Co. and iti
subsidiary companies now amount to $14,300,000. The financial condition of the company was never so good at it is at
present. It is estimated that 1,200,000 tons of fertilizer
Triple State Natural Gaa & Oil Co., Hantlngton, W.Va.— can be manufactured this year and 400,000 tons of phosphate
Mortgage,— This company has filed at Ironton, Ohio, a mort- salt mined."- V. 79, p. 267, 275.
gage to the Franklin (Pa.) Trust Co., as trastep, to secure
Wastabnrn-CroBby Co., MInneapoll8.-S<ocAr.— The capital
|1,OCO,000 bonds of $1,000 each, dated July 1, 1901.
stock is $1,800,000.— V. 77, p. 774.
United Fruit Co.— Listed.— The New York Stock Eichaoge
Westlnghouse Air Brake Co.— Sale of Electro- Pneumatic
has listed $2,058,500 additional capital stock, making the Control Devices.— 8ee Westlnghouse Electric & Manufac$1R,
expenditures
782,000.
The company's
total amount listed
turing Co. on page 824.-7. 79, p. 217.
for investment purposes for the fifcal year ended Sept. 30,
Westlnghouse p]lectric & Manufacturing Co.— Upf ion to
1903, and for the first eight months of the current fiscal year,
oompany iseued a circular,
have exceeded $2,000,000, and it is to cover this outlay by Subscribe.— On May 13, 1903, the
stockholders 90,000 of its assenting shares at
replenishing the working capital and retiring short-term offering to its
per $50 share, the entire number of shares being subnotes issued to provide futds for these expenditures that the $80
directors held July 21 1904,
new stocS has been issued. Some of the more important of scribed for. At a meeting of theissue
the remaining 50,000
it was unanimously voted to
these investment expense items are the following
assenting shares in the treasury at $80 a share on the terms of
Pnrohaseof banana lands and transportation privileges In the Bethe offering of May 18, 1903, to' provide in part for an investpnbllo of Panama.
ment in the bonds and shares of the Lackawanna Wyoming
Advances to the Northern Ry. (Costa Rloa) for oonstraotion.
Pnrohase of banana lands in Oosta Bloa.
Valley Rapid Transit Co. for the purchase of shares and deAdvances on aoccont of cost of oonstraotiOB of three new banana benture stock of the British Westicghouse Electric & Manusteamers.
facturing Co., Ltd for shares in the Canadian Westinghouse
Parohase of feourltles of EnglUh company, Elders & Fyffes, Ltd.
Parcbaae of wharf at Philadelphia, Pa. Compare V. 79, p. 156; V. Co.; for the purchase of valuable electro-pneumatic train
78. p. 2602, 2446.
control patents, and for other capital expenditures. Of the
United Oil & Befluing Co.— Status.—This company, which 50,000 shares above offered, 87,500 have been underwritten at
is mentioned in the annual report of the Central Oil Co. (see the subscription price.
page 625 of to-day's Chronicle), was organized in 1903 with
Stockholders of record on Aug. 8, 1904, are offered the
auttorized capital stock reported as $3t0,000 and acquired privilege of subscribing to said $2,500,000 of new "assenting"
the property of the Union Oil
Refining Co. and the Na- stock at $80 per share of $50, at the rate of one share of such
tional Refining Co.
refinery has recently been completed. new stock for every nine shares of existing stock. SubscripUnited States Cast Iron Pipe & Foundry Co.— Increase of tions must be made on the official forms before 3 p. m. Aug.
Dividend.— ThiB company has declared a quarterly dividend 15, 1904, at the office of the company, No. 120 Broadway, acof 13^ p. c, on the capital stotk, payable on Sppt. 1 out of the companied by a check for $30 for each share subscribed for.
net profits of the corporation to the holders of record of Aug. The balance of the subscription will be payable as follows :
From Dec. 1, 1899, to June 1, 1900, the quarterly rate Sept. 30, 1904, $85 per share Nov. 30, 1904, $25 per share.
11.
was 1% p. c, but from Sept. 1, 1900 to June 1, 1904, only 1 A transferable receipt will be issued upon receipt of the first
p. c, the present dividend, therefore, being an increase over payment in exchange for which stock certificates will be dethe latter amount of }4 P- c., or at the rate of 1 p. c. per livered upon receiving the final payments. The second and
third instalments may be discounted at the rate of 4 p. c.
annum.- V. 79, p. 107.
United States Steel Corporation.—Pwrc/iase.— This com- per annum, but only at the time of fcubscription. Holders of
pany has purchased with a block of its second mortgage he stock offered will be entitled to participate in any dividends declared for the quarter ending Sept. 30, 19C4. Snb5 p. c. bonds for its subsidiary the American Steel & Wire
soiiption rights for fractional amounts of stock may be purCo., the wire plant of the Trenton Iron Co., having an
annual rod capacity of 18,000 gross tons. The Trenton Iron chased or f o!d at the New York office.
Official ^tateme\t.—See page 624.— V. 79, p. 511, 275.
Co. was incorporated in 1847 by Peter Cooper and associates,
Whitney Estate. Appraisal.— The appraisal of the estate
and has ever since been controlled by the Cooper-Hewitt
interests.
At the time of the sale its outstanding capital of the late Wl'liam C. Whitney was filed in the Surrogate's
Court on July 27, showing total value of New York real
stock was 1600,000.— V. 79, p. 504, 497.
United Terde Copper C»,— Dividends.- This company, estate $3,120,400; personalty, $30,785,823; total, $32,906,223;
whose dividend rate until the end of 1903 was 7)^ p. c. debt?, $1,673,121; net estate taxable in New York State,
monthly (90 p. c. per annum) on its $3,000,000 capital stock $21,234,101, on which the State receives a tax of $323,223.
of the Metropolitan Street Ry. of New York, in
(par of shares, $10), paid in 1908 at irregular intervals four No stock
dividends of 7^ p. 0. each, making 30 p. c. for the year. whicli Mr. Whitney was formerly a large shareholder, is
This year the dividends to date have been as follows: Jan. 6, included, thus confirming the r<-port that he had sold his
Feb. 6, May 7, June 39, July 80(?)Eeach 7>i p. c, or 37i^ p. c. interest. The principal items of personal property, at their
The bonded debt appraisal value, follow
($1,125,000) for the first seven month?.
APPBAI8AL VALUE OF PRINCIPAL ITKICS OF PEB80NALTT.
consists of $3,000,OCO of 5 p. c. debentures.- V. 74, p. 484.
Standard Oil Co., shares
$7,078,400
TIrginia-Carolina Chemical Co.— Directors' Report,— The Consolidated Tobacco Co., shares
4,730,950
.57,562
directors' report, which was read at the recent annual meet- Consolidated Tobacco Company
Company syndicate subscription
200,000
ing in connection with the statement of income and balance Consolidated Tobacco
1,311.414
Morton Trust Co., shares
sheet (already given in the Chronicle, see V. 79, p. 267), has Guggenheim Exploration Co., warrants
682,500
not been printed for distribution, but the following data from Option on 2. £00 ehates of Guggenheim Exploration Co.
shiires
American
Smelting
125.000
and
5,000
the account of the proceedings at the meeting published at
387,014
National Bauk of Commerce
the time in the daily papers have been officially revised for Equity in Moore & Schley loan
6^4,806
the Chrohicle
119,747
Equity in Strong, SturKls & Co. loan
225,000
The year's business was on the whole satisfactory, the fertilizing Participation. Union Oil & Lead Oo
Vehicle
Co., stock par
38,250
baslnesB being the most profitable la the company's history. While the Electric
137,800
operations represent a falling off of 4 p. 0. in the nnmber of tons Electric Vehicle Co., gold bonds
70,000
Nassau Llxht & PowerOo
sold, still the Tolnme of business yielded $1,080,543 more than in
91,800
the prevlcas year. The loss on the operations of the Southern Cotton National Fuel Co.. stocks and bonds
Service
Corporation,
37,520
Public
stocks
and
bonds
Oil Co. wag dae largely to the fact that the company crushed only
50,000
about 60 p. c. of the seed which It expected to handle and that the Chihuahua Mining Co
68,781
New York TransporUtion Co
operating eipensss were correspondluKly high.
Steamship
68,000
Metropolitan
Co
The capacity of the phcspbate lulces was greatly Increased. Two
150,000
plants were lost by Are. one of which is belog rebuilt. Both properties Cuba Railroad Oo
Compare "New York Sun" of July 28.
were well insured. Conditions in the company's mining properties
in Oermany have greatly improved.
The facts regarding the $6,000,000 credit, which was ob
-Blair & Co. in their August circular invite attention to
tained last August in the face of adverse money conditions the American Cigar Co. four per cent notes. The notes are
to enable the company to meet some $3,500,000 of maturing guarant<;ed by the American Tobacco Co. and the Continental
notes, and to finance its requirements until its bills receivable Tobacco Co,, which latter companies are owned by the Conwere paid in the fall, were explained at the meeting by solidated Tobacco Co., so that the combined stock capitalizaChairman Henry Walters, who said:
tion back of the American Cigar Co. $10,000,000 notes la
Blair & Co. purchased the first issue of $5,I took the matter to J. P. Morean <fe Go. They saw Blair & Oo. and $364 000.000.
the Morton Trust Co., and these three concerns Joined in mkklne the 000,dCO of the notes series
and eubseqently the second issue
loan. It was flually agreed that the company should pay a coramlslon of 91 ,000,000 tor a credit of J|6.000,000, the company to give Its of $5,000,000 Eeries B. No more of the authorized $20,000,000,
note bearing 6 p. o. Interest, without collateral, for whatever part of it is stated, will be required. See Chronicle April 9 page
same was used. The company borrowed about $4,SOO,000 of the 1398.
$6,000,000, giving notes for such amounts as It borrowed. The credit
—Mr. Eugene M. Stevens, of Minneapolis, has removed
was for six months, with the option to extend It for six months more.
The bankers had to provide the $6,000,000 whether the company from 127 Guaranty Building to the new Northwestern
•vailed itself of it or not.
National Bank Building, where he has increased facilitiefl
Snbsfquently from the proceeds of the sale of $6,000,000 of for the transaction of his business.
Mr, Stevens makes a
preferred stock, the company purchased $4,058,500 of the specialty of commercial paper, investment securities and
$9,000,(00 loan of Aug. 1, 1903, whioh was all it could pur- municipal, railroad and corporation bonds.
Trenton Iron Co.—5oW.— See United States
Steel Corpo-
ration below.
,
:
&
;
;
A
&
;
'
:
A
.
Aug.
.
THE CHRONICLE
6, 1904.]
%ht ^omnxzxcml
633
COTTON.
^imjes.
COMMERCIAL EPITOME
Fhidat Niobt, Aug.
5,
Friday Nioht, August 5, 1904.
as indicated by our telegrams
is given below. For the week ending
The Movement op the Ceop
from the South to-night,
1904.
Considering the period of the year, the condition of bnslDcss has been satisfactory. In many markets summer dnlness has oonticued to be experienced, bat in those lines
where it is customary at this season for merchants to begin
preparations for their fall trade, a good volume of business has been transacted, buyers generally operating with
a coEsiderable show of confidence. In the speculative market there has been a wild advance In wheat prioss, based on
crop-damage reports. The prospects for the other cereal
crops, however, have continued favorable. The Agricultural Bureau's report issued on Wednesday showed an unusually high average condition of the cotton crop.
evening the total receipts have reached 5,953 bales,
against 14,343 bales last week and 14,770 bales the previous
week, making the total reoeimts since the 1st of Sept., 1903,
7,117,518 bales, against 7,636,328 bales for the same period of
bales.
1902-3, showing a decrease since Sent. 1, 1903, of 518,81
this
Receipts
a^-
3fon.
Sat.
Pt.Arthnr,&c
Ne-w Orleans...
Mobile
Pensaoola,
1,485
Wed.
Tues.
Tkurs.
78
6
58
233
99
389
266
74
110
108
aalreeton.
Total.
tri.
9
232
320
348
111
2,361
630
8
Ac
168
Savannah
100
558
3
Bronsw'k, Ac
August
gtoeks of MtrehandUe.
Lurd...
tOB.
lObMOO, domMtlo
hbds.
bags.
bags.
OoffM, Brazil
Ooflee, other...
Ooffee,
Bagar..... ................ .bhdB.
bags,&o.
Bagar
MolaMes, foreign
Hide*
hbds.
No.
Cotton.......
bales.
bbls.
bbls.
Boflln
Bplrlti turpentine.....
....bbls
bags.
Tar...
Bloe,E. I
Sice, domestlo
bbls
Llnaeed.... ........ .......bags
bags
Baltpetre
blamla hemp.... .........bales
Siaal
hemp
Intebatta
Vlonr
bales.
bales.
bbla.and sacks
1,
1903.
443,753
106,356
None.
337,406
9,000
1,644
2,324,776
443.944
113,746
None.
264,015
350
400
5,800
40,113
17,565
1.600
2,671
1,500
11,000
None.
10,000
57,691
18,618
339
«27
6.329
2,318
10,579
310
8,666
9.011
None.
72,800
None.
96,500
None.
50,000
7,316
1,537
2,321,705
J»v»t Ac... .... . ..mats
August
July 1,
1904.
1,
1904.
7,002
9,000
1,862,778
779
2,081
2,100
16,000
None.
241,874
120,696
None.
465,569
None.
16,300
162,213
20.023
1,478
1,834
2.500
10.000
None.
550
Lard on the spot has dragged, there being only a light demand from exporters, and refiners have been indifferent buyOfferings have been moderate and prices have gradually
er?.
yielded. The close was quiet at 7'2Bc. for prime Western
and 6 65c. for prime City. Refined lard has had only a small
sale and prices have been easier, closing at 7'30c. for refined
for the Continent. Speculation in lard for future delivery
has been quiet and there has been a gradual sagging of prices,
no support being given the market. The close was quiet,
OAILT OLOBDIO PBIOBB OT LA.BO VnTXTBBa IS OHIOAOO.
I/iurf
Hon
tuet.
Wed.
Wri
Bat.
Sept. del'y
Oct. del'y
700
707i«
697ifl
7 05
6-95
702ifl
690
695
e-97i«
690
705
6-95
The demand for pork has been light but there has been no
pressure to market supplies, clOEicg steady at |14 25@14 75
for mess. Cut meats have had a limited sale at steady prices.
Taliow has been in moderate demand and steady at 4}^c.
Cotton-seed oil has been quiet but closed more active and
firmer at 26?^@27c. for prime yellow. Butter has continued
in fair demand and at steady prices. Cheese has been in limited supply and steady for choice grades.
Fresh eggs have
been in fairdemacd and firm for best selections.
Brazil grades of coffee have been firmly held with offerings of commercial grades limited, due to comparatively
light stocks. There has been some improvement in the trade
demand and the close was firmer at 73^c. for Rio No. 7 and
83^c. for Santos No. 4.
West India growths have been in
moderate demand and firm at 9)^c. for good Cucuta and
lO^c. for good average Bogota. East India growths have
been steady. Speculation in the market for contracts has
been moderately active, and on bullish crop news prices have
advanced slightly. The close was firmer.
The following are the closing asked prices:
Aug
6100. Deo
6-460. AprU
6*85c.
,
Bept
Oct ...._
6-150.
6 260.
I
Jan
March
6-56c.
6-75o.
I
I
May........
July
6-96e.
7'10o.
Raw sugars have been in active demand and higher, closing firm at 4c. for centrifugals, 98-deg. test, and 3 9 16c. for
muscovado, 89-deg. test. Rafined sugar has been in fair demand and higher, closing at 5'05c. for granulated in bbls.
Teas have had a moderate sale.
Kentucky tobacco has been sparingly offered, reflecting
light stocks; prices have been firm.
Business in the market
for seed-leaf tobacco bas been quiet, owing to light offerings,
and prices have been firm, Sumatra tobacco has had only a
limited sale. Havana tobacco has been more active, a large
Bale of Ramedios being repoited.
Prices for the week show only a slight change in the
market for Straits tin.
A moderate business has been
transacted and the close was steady at 26-75® 87c. Ingotcopper has been quiet, closing at 1258@12^^c, for Lake and
li^@l2}{a. for electrolytic. Lead nas been quiet and unchanged at 4 15c. Spelter has weakened slightly, closing at
4'85@4-90c. Pig iron has been in better demand, closing at
$13 76 for No. 2 Northern and $13 25 for No, 2 Southern.
Refiaed petroleum for export has been steady, closing at
7-70c. in bbls., 10-40C. in cases and 4-80c. in bulk.
Naphtha
has been steady at llj^c. for 7] degrees and 12o. for 76 de
grees.
Credit balances have been unchanged, oloeing at
l'50c.
Spirits turpentine has been quiet and easier, closing
at 65^@56'^c.
Rosins have been steadier, closing at $2 70
for
common and good
has been in moderate
strained. Hops have been
demand and firm.
firm,
Wool
—
Charleston
Pt. Royal, dco.
Wilmington....
Wa8h'ton,Ao.
Norfolk
1
1
7
31
213
N'p'tNews,*c.
New York.
Boston
Baltimore
63
61
34
Phlladelp'a.*o
30
72
56
week.
1,889
678
1,381
Tot. this
1
8
20
163
234
40
961
163
147
322
284
198
937
6.953
......
124
92
......
50
481
178
83
5
614
604
The following shows the week's total receipts, the total since
Septc 1, 1908, and the stookB to-night, compared with last year.
1903-04.
Receipts to
Aug. 5
Galveston,..
Pt.Ar.,&c.
This
week.
4S6 2,092,140
104,029
1.996,507
200,023
132,853
1,144,586
120,760
155,448
1,290
321.413
154,105
640 2,307.588
4 214,966
100 166,038
61 1,297,183
>-«• 130,622
209,698
8,361
Mobile
Psaoolu, &o.
Savannah...
Br'wiok, Ac.
680
Charleston..
P. Royal, &0.
1
Wilmington.
Wash'n, &o.
Norfolk
N'portN.,&o
8
Boston
Baltimore.
Philadel.&o.
Stock.
Since Sep.
1, 1902.
This
week.
320 2.339,696
New Orleans
New York...
1902-03.
Since Sep.
1, 1903.
658
1903.
3,929
1,647
30,882
358
37,146
874
......
12,668
3,630
548
123
121
289
200
1,890
93
337
44
329,664
387
509,031
25,089
36,633
98,661
47,177
27,056
336
961 *482,609
163
21,979
147
18,780
822
32.3 76
284
30,502
198
14,526
1904.
19
125
102
63
106
•...«
33,588
2,277
648
829
Totals
6,953 7,117.618
1.599 7.636,328
92.906
* 6.086 bales added as correction of receipts since Sept. 1.
164.644
4,000
188
585
212.701
In order that a comparison may be made with other years,
totals at leading ports for six seasons.
Receipts at—
1904.
1903.
1902.
1901.
1900.
1899.
we give below the
Galves'n, &e.
New
Orleans
Mobile
Savannah...
380
2,361
436
540
2.285
2,382
630
£58
4
61
402
225
Ohas'ton, Ao.
1
Wllm'ton Ac
Norfolk ..*...
N. News, Ac.
8
1,362
All others...
961
163
961
44
19
125
370
wk.
6,958
1.699
Tot. this
194
468
1.038
1,775
85
56
1,276
11
1.566
6
11
118
492
21
3,655
4,843
66
83
2,249
1,864
2,517
6,546
441
673
629
11,946
18,002
4,615
458
2
1,897
78
3.71S
8,066
Since Bept. 1 7117,518 7636.828 7449,025 7523,346 6537.016 8400,262
The exports for the week ending this evening reach a total
of 15,503 bales, of which 7,470 were to Great Britain, 1,001
to France and 7,032 to the rest of the Continent.
Below
are the export* for the week and since Sept. 1. 1908.
BvporU
trom—
We$k BtuUng Aug. 6
MxvorUd to—
Great
Brtt'n.
France
Continent.
1901.
lotal
Great
Franc(
Wtek. Britain.
(ialreston
703.(193 816,619
PUArthur. &o.
New
Orleans..
1, 190S, U Aug.
Exported to—
Irom aepL
8,108
150
8,7es
7.860
Mobile
Peniaoola
17,116
380,711 267.71S!
87,680 16.308
Oomtinent.
6,
1901
Totot
780,659 1.830,871
is.ai'i
90.438
619,395 1,717.8
W
63,3J2
18.691
68,066
B5.79)
^arannata.....
181,037
66,lt9b
590,2US
Bi1fiii9
Snntwlok....
81.901
Charleston....
....
119,693
181,787
7,9l!4
98,125
13.066
18.066
884, i&e
811,607
5.171
7.767
7.107
178,IC0
114,680
98,110
41,616
10,768
PortHoyal....
vvilmlDRton...
Norfolk.
N'port N., Ao..
New York
Hoaton
Baltimore
78,299
100
888
801
561
Total
8,081
S,':87
8,787
891
801
Philadelphia.
'«an rran., &a.
Total. 1009-08.
l,7i8
100
886
....
1,1(5
i.iro
e.86(
8,398
aoo
1,16S
861.980
8P,ise
108.110
68.480
lO.lld
87
3.049
186,634
6,101
8P,69C
1,071
10.711
7.170
1,001
7.082
15,608 a.617.508 706.160 8,718,t«0 6.006.848
7.-M0
18S
7.8«P
U.tfi
•.B84 911 781.98- 8.043.489 «,'6>,910
.
.
—
e
.
»
THE CHRONICLE.
G34
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar fignres for
cleared, at the ports named.
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
FuTUKKS.
[Vol. Lxxix.
—Highest, lowest and cloeing prices at New York.
We
ON SUIPBOARD, NOT CLBARBD FOB—
Leaving
Aug. 5 at—
Oreal
Other
Britain Fr'nee^any. For'gn
it»ek.
^X"
^otal.
987
212
Orleans.
Oalveston.. ..
BaTannah..
105
910
9A8
200
417
623
625
..
27.840
2,134
12,468
648
3,042
1.796
200
Obarleaton...
MobUe
"680
Norfolk
Hew York
"sob
Otber ports
"206
350
.
9
I
I
<9
I
I
I
2,349
106
"314
3.904
1,448
2,718
7,237
85.669
3,673
1.272
400
9,827
15.041
202.874
167 368
788
1.860
6 618
6,0.^2
I
I
«
I
I
«
CiOO
CO»J
9
•
I
I
CDCO
.
9
I
ob-j
CCl^
o
«
I
9
«
or
I
O
(BOi
KCO
Mod Tues We4 Th.
9*70
9 50 9-45
9 45
10-12 10 07 1007
Fri.
Gtood Ordinary.
Low Middling..
9*70
10-32
Middling
Good Middling.
Middling Fair..
10 70 10 70 10 50 1045 1045 10-4S
1114 11 14 lU-94 1U89 iU'89 10-89
1032
1166 U-66 11-46 1141
GULF.
Sat.
men Tues Wed
9-45
1007
11-41 11-41
Th. Frl.
9-98
9-95
970 9-70 9:0
9 75
1057 10-57 10-37 1032 in-3i 10i>2
1096 10-95 10-75 10-70 10-70 10 70
GkMd Ordinary.
liOw Middling..
Middling
Good Middling.
Middling Fair..
li 39 11-39 11 19 li 14
11-91 11-91 11-71 U-68
STAINED.
Sat.
Mon Tuea
ll 14 li.-14
11-66 11-66
IVed Th. Frl.
9-20 9 20 900
8-95
8-95
8-95
Low Middling
10-20 1020 1000
9-98
9-95
9'98
Middling
Strict Low Middling Tinged... 1036 10-36 10 16 1011 10 11 10-11
10-70
10 70
1060 10-45 10-48 10-48
Gtood Middling Tinged
for middling upland at New York on
each of the past 3-^ years have been as follows.
The quotations
Aug.
5 for
1904. ...C 10 48
12-76
1903
1896. ...O
7''e
1896
1894
1898
1892
1891
73.8
616,6
713,8
1888. ...o 11
1»87 ,.
10
1880. ...c il»ia
1879
11
1886
1878.,....) 115,8
9»ia
IIII18
1885
10^ ifl
1877
81,
9>«
1884
11
1876
121,8
7H
6i«
IOI4
UJ«
1888
1875
8
1882
13I1B
1874
17
1890.......
61ie
2CI4
llBia
1881
8
1889
12iie 1878
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
1902
1901
1900
1899
1898
1897
8'8
8FOT Mabkit
Olosbd.
Saturday
Qolet
Monday.
Tuesday
^met
HH
FnTDBBS
Mahkbt
Olosbd
dteady
steady
Wednesday
Thursday
Quiet, 80 pts.dc. B'rly steady,
Quiet. 8 pts. dec. iready ....
Very steady.
Quiet....
Friday...
Quiet
Total.
Steady
^L«a u«
Mmport.
at>ox
Oonlump,
a»
toto
!rl
I
I
I
I
I
I
too
ca
•
COO
00
I
•
I
a
cum
Oontract.
106
'>.^>
1
,
J"'"'
106
876
381
216
600
176
381
815
200
2C0
186
200
900
1,056
1.128
1,300
3,734
'
da
^-o
aoQ
I
9
9
!
I
•
CC(0
I
I
coco
obco
deb
I
I
9
.
I
•
I
'
rr.
I
9
I
I
ccw
cid
I
iH^f
cscs
o>c>
toco
9
ccw
ccr
cxd
t£)«3
iCCli
I
I
9
I
9
I
II
I
la
)
ccco
o* *^
OCd
a
a
coco
ccco
I
II
MIO
coco
-j
o
coco
»
I
II
I
coo
-00
1
I
9
I
COX)
I
I
o»
1
9
cc»
I
I
-00
coco
cox
«)»
ca<4
I
9
cc
»
•I
C^-O"
ceo
•id
ClOO
Cria
9
a
-
I
coco
J
o
«« 00
do
-j-i
o©
CC CD
00 ao
I
I
9
c5«c>>
o<%
(O
00
coco
coco
ODO
«oco
I
W|
I
©c 00
CO
QCOC
a
cieji
^-»
9
I
on
I
.
d«
coco
9
I
coco
OtOl
coco
'^
I
ceco
I
9
'
ct©
CO
I
003
•
I
coco
OM
I
00
CC-J
coco
I
CCefi
ceee
ooab
000
9
C0»
1
eco
dco
oc;<
«
I
9
©O
d-j
cow
'^
II
19
'9
M
II
I
I
I
a
00
•
'
9
I
9
CO
CD
^
I
I
'
9
CO
CO
I
o
I
9
I
9
I
9
\1
I
I
o
IHB V18IBLB aupPLT OF (JOTTOM to-nlgnt, aa maae ap t>y
«ble and telegraph, Is ai follows. Foreign itocki, as well
M the afloat, are this week's returns, and oonseqaentiy all
'oreign ftgnrei are brought down to Thursday evening,
t^nt to make the total the complete figurei tot to-night
Aug. 5), we add the item of ezporta from the United States,
aoiadlng In it the export! of Friday only.
0-14 ofl Low Middling Tinged.
0-50 oil
Low Middling
0-88 off Strict Good Ord. Tinged... 0-84 ofl
Low Middling
0-80 oil
Btriot Oood wdinary ....„ 0*78 off Middling Stained
Oooil OriHnary
—— ..^ I'OO ofl Strict Low Mid. Stained... 1-06 ofl
1-50 ofl
Strict Good Mid. Tinged.. 0*30 on Low MlddUng Stained
On this basis the official prices for a few of the grades for dM>okatLlVMpooi.__balei.
Stonk at London. __..........
the past week — July 30 to Aug. 5— would be as follows.
Btriot
Sat.
00
cc;o
teta
«(0
COCO
«Cfi
coco
Speculation in cotton for future delivery has continued on
a moderate Fcale only, and there has been an easier tendency
to prices. The principal factor of the week was the monthly
report by the Government's Agricultural Bureau, which
made the average condition of the crop 91*6, which has been
exceeded only once In August during the last fifteen years.
The acreage planted in cotton is the largest on record;
therefore, with the present favorable prospectp, the indications are that a record-breaking crop will be grown.
I oflaenced by the promising crop prospects as shown by the
Bureau report, moderate selling by bearish interests has deAt the decline prominent speculative interests
veloped.
became buyers; they operated, it was understood, on the
theory that during August the conditfon of the crop usually
deteriorates. They therefore are Icclined to look for less
favorable crop news this August, which, should it materialize,
would have a tendency, it is believed, to bring shorts into
the market as buyers. The crop news for the week, however, has been of a decidedly favorable character. Business
in actual cotton has continued slow, spinners generally being
reported as light buyers. To-day there was a slight upturn
to prices but the trading was quiet, Toward the close bull
Interests became more aggressive and final prices were 1@16
points up for the day. Cotton on the spot has been easier,
doping at 10*45c. 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.
1-30 on »ooa Miaoiing Tinged . . u
Sven
rail
0*96 on Strict MlddllnK Tinged
BUddling Fair
006 oil
0'6S on Middling Tinged
012 oil
Strict Gk>od Middling
0-44 on Btriot Low Mid. Tinsred... 0-34 oil
Gtood Middling..
UPLANDS.
«co
I
Si
I
1,240
37.788
3 293
800
580
I
Total 1903..
Total 1902..
I
368
"650
"206
I
I
I
Total 1904..
coco
COCO
I
New
1904.
818,000
28,000
Stock at Manchester. .... ....^
27,000
Total Ureal Britain stock. 373,000
itook at Hamburg
.....
41,000
«took at Bremen .
....... 109,000
1908.
371.000
16 000
36,000
42ij,000
34 000
114,000
4,000
98,000
1<»02.
537,000
18,000
1901.
512,000
8,000
855.000
20.000
73.000
5,000
106.000
620,000
19.000
444,000
897,000
208.000
91.000
182.409
64,926
5,653
995,988 1
202.000
125.000
303.967
154,163
8,882
190.972
81000
Itock at Antwerp ...
.......
4 000
3,000
Itock at Havre
106.000
102,000
Itock at Marseilles.... ...
3.000
4,000
8000
4,000
Itock at Barcelona.....
35,000
17,000
32,000
30,000
Itock at Genoa
14,000
15.000
19,000
21,000
<liock at Trieste . ....^
16.000
9 000
18.000
16,200
Total Oontlnenta! etcoks.
332,000 305,000 262,000 276,200
T«t») Knrovean stuokt
706.000 692.00C 817.000 796,200
India cotton •float (or Europe
97,000
31.000
51,000
78.000
Amer. cotton «nnat tor B'rope.
91.000
86.000
30,000
125,000
Egypt, Brazil, Ae., «flt. for E'pe
16.000
20,000
14.000
23,000
Stookln Alexandria, Egypt...
12,000
80,000
82.000
78.000
Stock In Bombay, India........ 401.000 491,000 384,000 464,000
Stock In United dtates ports..
92 906 212.701 182.409 303.987
Stock In U. 8. interior towns..
67.958
16,682
64.926
184 163
United States irports to-day.
72
5,653
8 852
5.594
Xoial Visible snpply
l 500.458 1,601,425 1,641,988 2,008.172
Ot the abeve. totals oi Amenci n *d d other deson prions are as tollows:
Am«rMan—
uiTerpool stock....... ..Dales.
214000
20 000
209.000
Imerlcan afloat tor JCn rope...
56.000
United Statf s s :ook.
92.906
Manchester stock
Jontlnenial i«t.nw>
(Jolted States I uterior stocks.
United States exports to-d a;
rotal American...
_
Sa$i Indian. Brattl, tte.-
Uverpool stock...... .... .._
London stock
Manchester stock
67,958
6,594
664,458
104.000
28.000
7,0O0
123 000
jouuiienLaiseooKB.... ... ,,
78000
India afloat tor Europe . ....
30,000
If^Pt. Brasil, Ac, afloat.. ..
78.000
Stock in Alexandria, Egypt.
401,000
iteek In Bombay, India. ....
rotai Bast India, *c.._
836,000
664,458
Total American
..^..
visible
supply
Total
1.600.4^8
diddling Upland, Liverpool,
602d
'0 45e.
diddling Upland. New York.
BgTPt Good Brown, Liverpool
fern* Rough Good, LlveriKvo
Sroaoh Flue, Liverpool
rinnevelly Good, Ll^erp'
|^~ Continental imports
715,6d.
10-50d
8^d
5 Sad
267.0OO
32.000
217.000
30.000
312 701
16,652
72
775,425
118,000
93.000
104.000
8.000
18,000
16,000
4,000
'64',006
8H.000
74,206
81.000
31,000
97,000
23,000
16,000
14,000
82,000
50.000
12.000
491,000 834000 464,000
817.200
826,000 646,000
775.425 995,988 1.190,973
1,601.425 1,641.988 2.008,172
4%d.
4-'8d.
6-66d.
8e.
12-750
90.
7S8d.
913, ,d
61i8d.
7d.
7d.
9 OOd.
513, .d.
5381.
IBied.
4'>Bd.
4>«d.
4>sd.
past week have been 11,030 bales.
figures for 1934 show a decrease from last week
of 94.209 bales, a decline » 100,867 bales from 1903, a decrease
of 141,530 bales from 1902 and a loss of 507,714 bales from 1901,
The above
.
.
Aug.
.
THE CHRONICLE.
6, 1904.]
At the Interior Towns the movement— that
week and since Sept. 1, the shipments
is
the
for the
week and the stocks to-night, and the same items for the
corresponding period of 1902-03—is set out in detail below.
receipts for the
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON-
Week ending
tP
OO
Aug.
SP
5.
eo
"
£t
S'w
"
2 ®?
I-*
O
ooo«
H
2!.
53
3.
:
.
eo;
Mtsi^:
it'.a;
COS.
OiOSO'"
i^;
;
;
a,
Ifk*"
•
oo
COW
10%
10%
1034
10%
10%
10'70
11-25
10-50
11-25
10-70
1058
10i«
1088
lOOg
10-70
11-25
10-75
10^8
1038
1008
1012
1012
1038
10-45
11-25
10-70
1009
10i«
1039
IOJ4
10-45
11-25
10-70
1088
1016
1038
1016
10
10
10
10
10
10-70
11-25
10-95
10%
lO's
Houston
1038
10»8
1058
Little Book..
10
Memphis....
St. Louis
to;
1038
10%
Baltimore...
Philadelph'a
Augusta.....
99
lOifl
10%
Norfolk
Boston
M
rti»
as
IOI2
1038
1011,6
1038
IOI4
WUmington.
o
IOI2
1038
1016
10%
1012
1038
IOI4
1058
1011,6
10»8
10>4
Galveston.
New Orleans
Mobile
Savannah...
Charleston
H
a.-
Monday. Tuesday. Wed'day. Thursd'y Friday,
Sat'day.
.
g,
635
lOiiift
1058
lOH
10%
1095
10%
10
closing quotations to-day (Friday) at other important
Southern markets were as follows.
10i6
10i6
Louisville
1038
Natchez
Atlanta.
Montgomery.. IOI4
Kaleigh
lOH
Columbus, Ga. 10
NashviUe
lO^j
Shreveport....
9iije
Columbus, Mies 8%
The
«]AM•400l-'l-'ld^^3M^oo3lxc>e>49lp';o f^mi^cotoootsaaoooii-*
•4cot9^«iOGocno3 02i(^M030^ao©aoi^'<]co~.]a3U>aicci©coc3««>aDaD
'
.
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
M
tSMM- I- Oi MtS to OD
«0
«etOOD
CO
MtO aDo>-^©t3ta(Oocif.'i(^; i->Mcn«so«<aoo oseoa'Co©
)^Qoc;iif^>jii^koot9co> c^a30aocooc^(o>4aDaor-<q
Monday, Tuesday, Wed'day, Thursday Friday,
Aug. 1. Aug. 2. Aug. 3. Aug. 4, Aug. 5.
Sat'day,
July 30.
.
i^j
•
:
o>'
•il
!
:
o»'
I
•
J
:
!
)-'«>•
oi^os
j^**^
5*
J*; i^
,?
i*
MOOMiii.© If^VMOOJO-JWH; laoii^loH'aDCoT-'CocwwM
toa<^«oviaoo>«4««oototo«] <)aia3C0c>icoaif>'ao^(x>oa
oicoao(X)©«iaci^©a90000<ai' Qo^^•a«4t3©•4kac>oo©«
Is
July—
Range..
Closing..
August—
10-17--22 10-22--35 10-12--47 10-10Range
10-39
1015
10-16Closmg.. 10-19
.
:
;
:
Ki;
to
M!
od;
..©.«•
;
i(^:
©;
OJ.
:
2
•
;
to;
M03
\
I^03«
Hit'.
Co!
COh-©.
S
•
Sbpt.—
Range..
If'!
©•
Closing..
"
to
bS
tS
M «i
I-"©
Ht^^^oo(Oh'ea©lOMh'COl;>>©aooocol-• <'0>ai©©aut3Oi©ak9r->
»1 05 03 00 » 1^ *• M Of^ H' en OiJ^ © <J P 03^ <1 CO *» 00 w^ M OS © OD pD ©<I
o>wa»ioV©oos©©cnoaiM©MViMOw'co»VwMWM
kscoMi-'i^O'OcocKOOQot30^©coaoMtaeoi;^ai©co©coi^<ii^Mtoto©>-i
on
OCTOB'K—
Range
.
.
Closing..
Range..
Closing.
I
:h-»3
co<©a<u«
© ex ©H'©if'! ifO»o
If'!
:
oo:
tf^;
CO-
:
•
tOhO©'
1)^©©:
QO©«i:
„
«©to
'-':
tOMM«aQ000l-'«J« COOllf ^0<CWOD©COI-'M»0.
*•'
en!
toi
^if'!
Ifi.h
COM . cwco bs;
cn©co; Mrots©;
o<cnwi^©oco©ococnuic;iotcco* u<©©co>
if'
It
show that the interior stocks have deweek 8,197 bales, and are to night 51,308
laales more than same period last year. The receipts at all the
towns have been 3,013 bales more than same week last year.
The above
totals
creased during the
Overland Movement fob the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
Aug. 5 and since Sept. 1 in the last two years are as follows.
190203.
1903-04.
August
5.
Week.
Since
Since
Weeh.
Sept. 1.
1,904
Sept. 1.
144
"82*8
Total ijross overland
shipments—
Overland to N. Y., Boston, Ac..
Between interior towns
Inland, &o., from South
3,454 1,132,184
251
327
551
68
514,202
254,168
13,731
121,821
32,220
196,042
Via Louisville....
Via Cincinnati
Via other routes, <&o...
53
747,218
208,404
29,605
162.297
277
218
261,830
:-i7
Ol
1
1,157 1,416,455
Dedxiet
Total to be deducted.....
951
365
270
187
2,015
96,184
31,404
100,042
4,610
809,527
50,102
70,960
3,331
227,630
5,017
330,589
Leaving total net overland*..
123 904,554 t3.860 1,115,866
Including movement by rail to Canada.
t Deduction.
The foregoing shows that the week's net overland movement
this year has been i33 bales, against
bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 311,312 bales.
1903-04.
1902-03.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to Aag. 5
Net overland to Aug. 5
€k>uthcrn consumption Aug.
6.
Total marketed
Interior stocks In excess.
Came into
sight during week.
Total In sight Aug. 5
Since
Sinee
Week.
Sept. 1.
Sept. 1.
5,953 7,117,518
123[ 904,564
28,000 1,972,000
1,599 7.636,328
1,115,866
30,000 1,948,000
34.076!9,994,072
•5,197
56.856
27,739 10700194
•2,796
t46.426
28,879
;3,86()
i
10060428
24,944
10863768
Worth, spinners' tak'gs to Aug. 5.
7,799 2,102, 3781
2,087,410
* Decrease during week.
t Less than Sept. 1.
I Deduction.
Movement
Week—
1902-Aug.
into sight in previous years.
Bales.
8
1901— Aug. 9
1900- Aug. 10
1899-Aug. 11
9-68--97
9-69--70
9-57--65
9-61--62
9-54--63
9-65--66
9-64-'75
9-73--74
9-529-53-
9-589-71-
9-45--74
9-46--47
9-329-37-
9-30--44
9-44-45
9-44--53
9-61-'52
9-50--57
9-51-*52
9-55--70
9-6S--70
9'43--69
9'43--44
9-29--40
9-28--43
9-41--51
9-38-36 9-42--43 9-49--50
Steady.
Steady.
Steady.
Vy
Qolet.
Steady.
Bt'dy J'rly Bt'yl Steady.
Steady.
Steady.
Steady.
Steady.
Wbather Reports by Telegraph.- Advices to us by
telexraph from the South this evening indicate that rain has
been quite general during the week, and that at many points
From portions of Arkansas and Misit has been beneficial.
sissippi, however, there are complaints that too much rain is
damaging cotton. Damage from the boll-weevil is claimed
to have resulted in Southwest Texas, and deterioration on account of drought is reported in northwestern districts. From
Atlantic sections and Tennessee and Alabama advices indicate that the crop is progressing very favorably.
Oalveston, Texaa. There is much complaint from bollweevil damage from Southwest Texas, and deteiioration is
reported in Northwest Texas as a result of dry weather.
Rain has fallen on two days of the week, the rainfall being
eleven hundredths of an inch. The thermometer has averaged 81, the highest being 87 and the lowest 74. July rainfall three inches and forty-one hundredths,
Abilene, Texas. There has been rain on one day of the
week, rainfall reaching six hundredths of an inch.
The
thermometer has averaged 80, ranging from 68 to 92, Month's
rainfall two inches and seventy-one hundredths.
Brenham, Texas, It has rained on three days during the
week, the rainfall being one inch and twenty hundredths.
The thermometer has ranged from 70 to 90, averaging 80.
July rainfall four inches and eighty-six hundredths.
Corpus Christi, Tea«M.— There has been rain on one day
during the week, the precipitation reaching four hundredths of an inch. Average thermometer 77, highest 88 and
lowest 76.
Month's rainfall one inch and ninety-three
hundredths.
Cuero,Texas.—We have had showers on four days during the
week, the rainfall being thirty-three nundredtbs of an inch.
The thermometer has averaged 88, the highest being 97 and
the lowest 69. July rainfall two inches and flfty-nine hundredths.
Dallas, Teseas.— The week's rainfall has been fifteen hundredths of an inch, on one day. The thermometer has averaged 82 and ranged from 67 to 97. Month's rainfall, ninety*
one hundredths of an inch.
Henrietta, Texas.— It has rained on two days during the
week, the rainfall being sixty-seven hundredths of an inch.
The thermometer has ranged from 68 to 100, averaging 84,
—
—
Shipped^Via St. Louis
Via Cairo
Via Rook Island
*
9-82--97
9-94--95
ONE—
Spot...
Optlons.
OS
MM
acocoM©oco©coi->««]
«r-K)i-'h-i-
9-76--84
9-77--78
Dkc'bee—
000©OJ»SCK<100^-COI-'^©©©CO>3l-'«-<003lf'flOI-'QO«fl05CO»3l^tOQO
OlJ
CO.
10-13-17 10-19- •25
10-17--18 10-26- 27
47,332
43,192
36,693
36,298
Since Sept.
1—
1901 02- Aug. 8
lPOO-01— Aug. 9
1899 00— Aug. 10
1898-99-Aug. 11
Bales.
10,295,867
10,306,751
9.085,608
11,119,877
—
Month's rainfall two hundredths of an inch.
Huntsville, Tea^u— Rain has fallen during the week to the
extent of thirty eight hundredths of an inch on one day.
Average thermometer 88, highest 97 and lowest 68.
Kerrville, Teajos.— Rain has fallen during the week, to the
extent of one hundredth of an inch, on one day. The thermometer has averaged 82, the highest being 95 and the lowest 68.
Month's rainfall one inch and eighty-three hundredths.
Lampasas, Texas.— R&in has fallen on one day during the
week, to the extent of sixteen hundredths of an inch. The
thermometer has averaged 89, ranging from 65 to 96. July
rainfall, two inches and fifty-six hundredths.
Longview, Texas,—-We have had rain on two days daring
-
.
THE CHRONICLE.
G3G
[Vol. Lxnx.
Chreenwood, South Oarolina.— It has rained on fonr days of
the week. The tainfall reaohed one Inch and eighty haodredthe. Thermometer raoged from 69 to 93, averaging 84, the week, the rainfall reaching two inches and forty five
hundredths. Average thermometer 77, highest 86, lowest G9.
Jnly rainfall, fonr inches and eiztj-seTen hundredths.
Lulwg, Texas.— July rainfall, three inches aad forty-two July rainfall, three inches and thirty -one hundredths,
Oharlotte, North Carolina —The week's rainfall has been
hnndredths.
Palestine, Texas,— We have had no rain daring the week. two inches and eight hnndredths.
The thermometer has
The thermometer has averaged 80, the highest being 91 and ranged from 67 to 89, averaging 77.
The following statement we have also received by telegraph,
the lowest 69. Month's rainfall two inches and forty hunshowing the height of the rivers at the points named, at
dredths.
Paris, Texas.— We have had rain on two days of the week, 8 A. M. Aug. 5, 1904, and Aug. 7, 1903.
the rainfall being one inch and five hundredths. The therAug. 5, '04. Aug. 7, '03.
mometer has averaged 84, ranging from 68 to 99, July rainfall two inches and fifteen hundredths.
Feel.
Feet.
10-9
6-7
Above aero of gauge.
8an Antonio, Texas.— We have had rain on one day of the New Orleaua
9-8
11-8
Memphis
of
gauge.
.....Above
zero
an
inch.
rainfall
being
thirty
hundredths
of
past week, the
2-7
4-4
NaahvUle
Above zero of gauge.
The thermometer has ranged from 70 to 94, averaging 80. Shreveport...
5-8
6-1
Above zero of gauge.
23-4
20-5
Month's rainfall three inches and fifty hundredths.
Vloksburg
Above zero of gauge.
Weatherford, Texas.—The week'g rainfall has been nine
India Cotton Movement from all Ports.—The receipts
hundredths of an inch, on two days. Average thermometer
July rainfall one inch and twenty- of cotton at Bombay and the shipments from all India ports
84, highest 98, lowest 70.
for the week ending Aug. 4 and for the season from Sept. 1
two hundredths.
New Orleans, Louisiana.— It has rained on one day of the to Aug. 4 for three years have been as follows.
week, the precipitation being twenty-two hundredths of an
1902-08.
1903-04.
1901-02.
inch. Thermometer has averaged 81.
BeeeipU a(—
Shreveport, Louisiana.— We have had rain on two days
Since
Since
_
^
Week.
^^It^«*. 4ri.
Sept. 1.
Sept. 1.
during the week, the rainfall reaching thirty-nine hnndredths
of an inch. The thermometer has averaged 83, ranging from
Bombay
9,000!2,112,000
3,000 2,460,000
6,000 2,118,000
09 to 94. J uly rainfall two inches and eighty-nine hundredths.
has
been
rain
on
fi
Mississippi.-There
ye
days
Vickisburg,
Since Septembc r 1.
For the Week.
Exports
dnring the week, the precipitation reaching one inch and
Oreat
Oreat
ContiContifrom—
twenty hnndredths. The thermometer has averaged 80, the
Total.
Total.
Britain.
nent.
Britain.
nent.
highest being 90 and the lowest 67,
Leland, Mississippi.— Jnly rainfall, fonr inches and eighty Bombay—
8'"0,000
94,000
1903-04..
1,000
1,000
964,000
hnndredths.
1902-03..
76,000
11,000 11,000
904,000
980,000
Meridian, Mississippi.—Too mnoh rain, damaging cotton
1901-02..
1,000
9,000
490,000
1,000
499,000
I
in
some
Calcutta -
localities.
Little Rock,
Arkansaa.—The cotton crop
is
very spatted
1903 04..
1902-03..
below the average in consequence of too much mois1901-02..
tnre and lack of cultivation. We have had rain on three Madras
1903-04..
days of the past week, the precipitation reaching one inch
1902-03..
and three hnndredths. The thermometer has ranged from
190102..
68 to 91, averaging 79. Month's rainfall, three inches and All others—
....••
1903-04..
1902-03..
1901-02..
Total all1903-04..
1902-03-.
1901-02..
and
is
sixty-nine hundredths.
Helena, Arkansas.— Too much rain is damaging cotton. It
has rained on three days of the week, the rainfall reaching
two inches and sixty-three hnndredths. Average thermometer 79*4, highest 90, lowest 67. July rainfall fonr inches
and thirty- two hnndredths.
Memphis, Tennessee.— CJotton is very promising. We have
had rain on three days during the week to the extent of one
inch and fifty-three hundredths of an inch. The thermometer has averaged 79'1, the highest being 90*5 and the lowest
68*1. Jnly rainfall, four inches and forty-four hundredths,
Nashville, Tennessee,— We have had rain during the week,
the rainfall reaching one inch and nineteen hnndredths. The
thermometer has averaged 79, ranging from 64 to 92.
Month's rainfall, four inches and sixty-two hundredths.
Mobile, ^Zobama.— Beneficial rain fell in the interior daring the week and crop reports are very favorable, with the
exception of a few complaints of rnst and shedding. We
have had rain on two dajps during the week, the rainfall
being sixty-four hundredths of an Inch. The thermometer
has ranged from 70 to 89, averaging 79.
Montgomery, Alabama.— Ciope are still doing well, but we
are getting too much rain. The week's rainfall has been two
Average
inches and fifty-one hundredths, on four days.
thermometer 79, highest 89, lowest 70. Month's rainfall,
three inches and ninety-one hundredths,
Selma, Alabama.—There is some complaint of ruet and
shedding. It has rained on three days of the week, the precipitation being two inches and forty- five hundredths. Thermometer has averaged 88, the highest being 95 and the
lowest 70.
Madison, FTorida.-Theie has been rain on three days dnring the week, the rainfall reaching two inches and fifty hundredths. The thermometer has averaged 78, ranging from
68 to 88.
—
••••
*•••
1,000
1,000
1,000
1,000
4,000
5.000
3,000
46,000
45,000
46,000
50,000
50,000
49,000
>••>•
>>••>•
2,000
1,000
2.roo
1,000
11,000
9,000
3,000
38,000
25,000
16,000
49,000
34,000
19,000
1.000
1,000
13,000
11,000
6,000
14,000
12,000
6,000
20.000
28,000
5,000
273,000
175,000
116,000
293,000
203,000
121,000
1,000
1,000
14,000
25,000
9,000
15.000
26,000
9,000
129.000 1,217.000 1,346,000
118,000 1,149,000 1,267,000
20,000
668,000
688,000
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria, Egypt,
Auguit
3.
1903-04.
1902-03.
73
63
6.460.062
5,741,556
6,467,499
1901-02.
Beetiptt (cantars*)-
This week.
SlnoeSept. 1
Exports (bales)—
To Liverpool....
To Manchester..
To Continent...
To America.
*
Total exports
A cantar is 98 lbs.
ThU Since
week. Sept. 1.
This
Since
week. Sept. 1,
4,760 238,439
137,426
i'.ooo 352,241
200 52,867
145,086
3,873 324,944
82,625
,365 423,998
5,950 780,973
3,873 757,111
5,365 846,734
204,456
This
Since
week. Sept. 1.
197,410
123,244
103,082
Manchester Market.— Our report received by cable
to-night from Manchester states that the market continues
dull but steady for yarns and quiet for shirtings, -The
demand for China is improving.
give the prices for
to-day below and leave those for previous weeks of this and
last year for comparison.
We
Augusta, Georgia. We have had very beneficial rain on
1904.
1903.
days during the week, the rainfall reaching three inches
8I4 ll>s. Skirt- Cott'n
8I4 lbs. Shirt- Cotl'n
and sixty-one hundredths. The thermometer has ranged
32« Cop. ings, common Mid. 32« Cop. ings, common Mid.
from 70 t» 91, averaging 80.
Twist.
Twist.
to finest.
to fittest.
Uplds
Uplds
Splendid
weather
for
8myma,Oeorgia.—
crops.
It has
s.
d.
s.
d.
d.
d.
s.
d.
d.
d.
d.
B.
d.
rained on five days during the week, the rainfall reaching
5-98 8''8 »9'8 5 9>«a8 8
6-64
1 8'^8« 91% 5 10>«®8 10
two inches and thirty hundredths. Average thermometer J'ly
•'
6-36 8iii««9»e 5 8^98 6
6-50
8 8\9 9is 5 10 ®3 9
Month's rainfall three inches and
76, highest 84, lowest 67.
6-44
5 11 «8 IOI2 6-72 ;8\ ®93ie 5 9 ®8 6
15 9 '9
6-32 9
®9)« 5 10 -as 712 660
22 8'8'a' 988 5 10i4«8
thirteen hundredthp.
" 29 8Hi8®9% 5 9 as 712 6-18 I9
«9»e 5 10 38 712 6-60
Savannah, Georgia. There has been rain on each day
Aug.5! 8J«« 9^415 8 -818 7^ 602 8"i«>gi9'a 5 9 98 7^; 0-66
during the week, the precipitation reaching four inches and
The thermometer has averaged 78, the
five hundredths.
Government Weekly Cotton Report.— Mr. James Berry,
highest being 88 and the lowest 70. July rainfall thirteen Chief of the Climate and Crop Division of the United States
inches and fourteen hundredths.
Weather Bureau, made public on Tuesday the telegraphic
Charlebton, South Carolina,— We have had rain on each reports on the crops in the Southern States for the week
day of the week, the rainfall being four inches and twenty- ending Aug. 1.
four hundredths. The thermometer has averaged 78, rangNoarn Carolina.— Cotton blooming and fruiting freely, some coming from 71 to 85. Jnly rainfall, six inches and thirty-six plaint of shedding, stands generally line.
80UTU Cabolina.—Cotton growing rapidly and fruiting heavily, but
hundredths.
moisture and lack of sunshine are causing shedding and rust
Stateburg, South CaroHna.— Cotton is very promising, but exoeestve
on sandy lands.
will soon need more sunshine. No shedding here as yet. We
Uboboia.— Cotton bloomlDg and fruiting, bolls opening In tome
have had rain on three days of the past week, the precipita- southern counties, much complaint of shedding and black root In
tion reaching one inch and twenty- two hundredths. The scattered localities, condition of crop generally very good.
Flosida,— Cotton damaged over email areas by excessive rain, and
thermometer has ranged from 67 to 90, averaging 78. Jnly complaints of deterioration from rust, shedding and black root are
rainfall one inch and seventy-five hnndredths.
more nomerooa, early planted opening, sevdral aew bales marketed.
five
—
Aug.
6,
THE CHRONICLE.
1904.1
Alabama.— Cotton oontlnnes to make too mnob stalk on some fields,
bnt li generally fruiting well, some opening, picking began, first bale
marketed 20th.
„
Mississippi.— Cotton grassy, bat generally Improving, especially on
uplands, where It Is fruiting nicely, considerable complaint of too
rapid growth and scanty fraiting on lowlands, where plants are beginning to turn yellow and to shed bolls.
LomsiANA.—M rich cotton badly In grass, complaints of shedding
general, plant generally large, bat f raiting Irregilarly, boll8 opening
in south portion, Meiloan-weevll injuring crop in violnlty of Merry,
Texas—Cotton suffering from drought In norih and north central
counties and crop in western two-thirds of State would generally be
beneflted by good rain, some shedding reported from all sections; bollweevils doing considerable damage to cotton in central andsoaihweatern coantles; boUworms generally present in central division and tew
adjacent counties, but serious damage confined to limited areas cotton opening well towards northern portion and picking expected to be
quite general by middle of .\.agU8t.
Abkaksas.— Cotton making gcol >;rowth, fruiting well, prospects
favorable for good crop except in south- a^t section.
Tbnnessbb.— Cotton making good growth and fralting well.
MissouBi. Cotton fruiting nicely, fields clean.
Oklahoma and Indian Territories.— Cotton made good growth
boiling, damaged somewhat by web- worms, but prospeats good.
These reports on oottouare sammarlzed by the Department
and is
as follows :
Cotton has made good growth in the central and eastern portions of
the cotton belt, too rapid growth being reported from portions of
Alabama, Mississippi and Lonisiana. Complaints of rust and shedding are more general than in the previous week in the CJaroUnas,
Georgia and Florida. Shedding is also generally reported from Texas.
where most of the crop would be benefited by rains, drought being
most serious in the north central counties. Much of the crop in Mis
slsslppl and Louisiana is grassy. Picking continues in Southern
Texas, where it is expected to be general by the middle of Angus',
and has begun in Alabama and Florida.
The Agricultural Department's August Report.—Th-
637
Domestic Exports of Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for June and for the twelve months ended
June 30, 1904, and for purposes of comparison like figures
for the corresponding periods of the previous year are also
presented.
QuantiUti
Ootton
Manufactures
of
(.colored
United Kingdom
yards.
Cuba
State*—
Texas
Georgia
Alabama
Soath Carolina
Arkansas
Louisiana
North Carolina
Tennessee
Indian Territory
1904.
1904.
1903.
1902.
1901.
91
91
89
85
85
89
88
77
74
78
82
88
86
92
95
94
84
96
91
82
73
70
75
78
79
71
86
80
84
84
83
84
88
83
85
86
89
86
86
87
87
81*9
77-2
82-7
93
95
98
92
91
95
94
90
91
90
d9
90
89
87
92
93
89
87
82
77
79
83
70
76
84
78
82
75
69
85
78
76
91-6
88-0
79-7
91
Oklahoma
Florida
MlBSonrl
Tirglnla
United States
The August
25,
90
92
MlBSisBippi
Tenryear
average.
25,
83
77
80
88
92
75
69
81
Ist averages in earlier years for all the States
were, according to the Agricultural Department, as follows:
76'0inl900; 81'0 in 1899; 91-2 in 1898; 86-9 in 1897; SO'l in
1896; 77'9 in 1895; 91-8 in 1894; 80-4 in 1893; 82 8 in 1892;
88-9 in 1691; 89-5 in 1890; 89-3 in 1889; 87-8 in 1888; 93-3 in
1887; 81-3 in 1888 and 96- 6 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.
1904-05
1903-04
1902 03
1901 02
1900-01
1899-00
1898-99
1897-98
Area.
Yield.
Acres.
Baiet.
32,363,690
28.995,784
27,300,371
27,874,105
26,634,000
24,175,000
23,176,000
23,029,000
Condition.
Fer
cent.
9i-8
797
10,758,326
10,701,453
10,425,141
9,439,559
11,235.383
11,180,960
81 9
772
760
840
CJotton Consumption and Overland Movement to Aug. 1.
we present a synopsis of the crop movement for the
month of July and the eleven months ended July 81 for
three years.
—Below
Gross overland for July
Gross overland for 11 months
Ket overland for July
Net overland for 11 months
Portreoelpts in July
Port receipts In 11 months
Exports in July
1902-03.
1901-02
17,803
17,047
9,842
1,181,164 1,446,298 1,639,041
9,851
4,659
7,041
904,465 1,119,726 1,140,991
56,949
64,204
83,632
7,107.319 7,627.047 7,432,898
119,870
102,006
65,109
Bxportsin 11 months
5,983,362 6,645,646 6,507,784
Port stocks on Jnly 31
214,609
216,188
105,627
Northern spinners' takings to Aug. 1... 2,097,830 2,087,410 2,107,114
Boathem eonsnmptlon to Aug. 1
1,849,000 1,918,000 1,724,000
Overland to Canada for 11 months (included in net overland)
112,102
82,860 114,186
Burnt North and South in 11 months...
6,613
268
2,947
Btook at North'n interior markets Aug.l
9,627
7,768
4,276
Came In sight during July
180.990
189,903
186,565
Amount of crop in sight Aug. 1. ......... 10021274 10620985 102398H9
Game In sight balance season...
461,604
187,341
Total crop
10758326 10701458
Average grots weight of bales
603 03
606-50
606 19
482-42
Average net weight of bales
485-27
486-58
bales.
248.133
408.309
9;.9ai!
1,180.062
818,181
1,765,451
74S.i477
1,317.838
29^,818
84l,66f
Other South America
CliiD6S6 Bniplre
British Bast indies
.••••••.
FTonc? Koiiflr
•......•.
Japan
*..••..
•
British Australasia.
Philippine Islands
Other Asia and Oceanica,.,..
British Africa
All other Africa.
ll,852,06l<
14.824,168
9,047.894
6,199.875
7«,68a,634
6.8^9,e46
924,e6f>
64^,836
9,0i;4.i00
10.351,6>!.i
630,93u
1.337,W6t
27.891
18,12t
67,869
883.451-
1,048,132
87.957
3,841,686
8e4.00U
100,06
...
S4l,2U6
489.910
4.471,518
5,046.74K
29,208,514
6,235.850
488,889
e,9utt
689.e7u
1,867,380
1,416,882
168,914
6,108,844
69.374
2e6,<)68
2.091,700
13,611.716
18,006,232
2,428,565
1 044.616
30,021,847
1,168,257
9,081,420
11,816,501
30,698,858
9,684.816
7,024,641
377,671,600
12,290.004
492.707
832.299
5,603.748
5,*!68.e8»
40,087,838
7,20»,788
779,612
Other countries
Total yards of abOTO.
Total values of above
Value per yard
2«,438.7^b
28,013.221 J47,380,78i 495,379.197
»l,503.6a.-
11.495,826 tl4,e96,lUb •26,862,684
$-0634
•*0612
t-0684
»-061t
of
$108,99C'
(Netherlands
America i
Mexico
Cent'l
Brit.
14,685
•79,668
16,846
82
8c
68,08i
807
6.060
103.174
1,820
6,447
182,71£
808,57!48.fc0l
47.89!-
Honduras.
,
Other West Indies and Bermuda..
Argentina.
18,6K
Brazil
Chili
83,41V
61V
Colombia.
34.87';
26,88(
82,Hll
7,9Bf
eot
9,146
2,76'
6,05:
14,841-
Venemela
8,438
4.881
18.679
8.622
8.180
80.tef
4.081
JO.OOt
18.184
..
Other South America.
Chinese Bmplre
British Bast Indies
Hong Kong
'.
British Australasia.
Philippine Islands
Other Asia and Ooeantea.
British Africa
All other Africa
83.
Other oenntries
Tot. value of oth. mannf act's of.
Agtrragate val. of all cotton goods
•1,104.997
117,464
11,196
1,005.28*
26,876
102,445
8,817,764
652.146
620.556
878,174
280,578
111.826
182.(84
21,001
118,816
47,069
29.ia8
20,88V
87.191
80,211
Cuba.
48.048
311
8,464
48,4BS
898,661:
1,04(
68,8*
182,701'
10.96'
8.171
141.8S0
10,184
S.S61
8696,420
$688,341
18,199.98-
•8.184.16
880,a8»
411.826
186,198
270,767
189,600
87,171
81.069
i 9,992
17,890
68,680
89.66 >
6,361
19,617
446,808
51,623
90.664
840.811
18.064
43.171
io.>;e^
1,011.
1,087,688
84,760
65,656
9,136.867
49,64)-
1,861-
844
•879,645
71,469
22.022
88.180
18.135
•0,808,780
28,408.713 •88.816.304
•7,707,614
JuTB Butts, Bagging, &c.— There has been no activity in
jute butts during the week, but prices are nominally unchanged at 6i^c. for 1% lbs. and 6J^c. for 2 lbs., standard
grades. Jute Dutts continue dull at lJ4@l^c. for paper
quality and 2@2>^c. for bagging quality.
New England Cotton Mill Situation.— jStrtike Againat
Wage Reduction at Fall River.— The strike situation at Fall
Bivar shows no essential change up to date.
The Exports of Cotton from New York
this week show
last week, the total reaching
3,081 bales, against 4,776 bales last week.
Below we give
our usual table, ahowing the exports of cotton from
York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1903, and in the last
column the total for the same period of the previous year.
BXPOBTS OF COTTON (BALES) FROM NEW TORK SINCE SEPT. 1, 1903.
a decrease
compared with
New
Week EndingExported to—
Liverpool
July
July
16.
22.
3,056
Other British ports..
6,017
1,842
&o
244,606
18,37S
199,443
69,043
262,980
258,486
""26
28,939
647
17,297
663
25
661
29,486
17,604
2,468
8,194
1,672
65,472
2.78f
8«,66C
95,660
5,662
28,787
102,816
125,069
82,61f
20S
78,636
7,671
82,81f
86,307
478,100
487,850
""Vi
"67
2,458
8,286
1,729
1,938
460
98
Total Spain, Ac.
Grand
801
801
"218
Tot. to No.Europb 2,060
Spain. Italy,
All other
6.
Same
period
previmia
year.
661
Total French
Other ports
29.
1,016
Total
since
Sept. 1.
1,016
Other Frenoh ports..
Hambarg
Aug.
663
6,017
Havre
Bremen
July
70
Tot. TO Gt. Beit'n 8,126
1908-04.
290,673
810,03'
2.2i8,2i:
1.6'9,43<j
.•*••..
91-2
869
l,600,0il4
8i3,090
8.008,042
other West Indies and Bermnda..
ArffPtitina
Brazil
Chill
'V.Veo
8,iea.66:
1908,
2,582,148
84.012
90.066
1,006,188
9,961,984
21.688.721
3,036,001
6,126,331
20,091.689
1,98J,951
9,19T,489
288,C61
966,842
•
Other Europe
British North America
25,
mot. ending J 'ne 30.
1904.
366.384
"i.bdo
of 82-7.
25,
30. 12
1908.
108,t0l
nthftr KiiroDO ...... .....>•••.....
British North America
Cent'I America & Brit. Honduras.
Values of other Manufactures
Ootton Exported to—
Dnited Kingdom
Belgium
France
25.
Mont^ endint Tne
ieo4.
following statement, showing the condition of cotton on
Jnly 25, was issned by the Departmentof Agricnltare Aug. 8:
The monthly report of the Chief of the Bureaa of Statistics of the
Department of Agriculture will show the average condition of cotton
on July 25 to have been 91-6, as compared with 88 on Jane 25, 1904.
79-7 on July 25, 1903, 819 on July 25, 1902, and a ten-year average
The following table shows the condition of cotton, by States, on
July 25 In each of the last four years, and that on Jane 25, 1904,
with the ten-year averages.
July
July
June
July
July
of
an4 uncolored)
Exported to-
1,938
460
Total.... "67884 10,066
4,776
98
8.081
207
—
News. Aa shown on a previous page, the
exports of cotton from the United States the past week have
reached 1(5,593 bales. The shipments in detail, as made up
rom mail and telegraphic returns, are as follows:
Shipping
Total bales.
Mbw York— To
B3Tlo,S48
Lirerpool, per iteamert
„
Arable, 463
:.
To Havre, per steamers La BretaRne, 100
pagne, 119....Bahla, 133
To Bremen, per iteamer Bremen, 1,672
—
801
La Oham-
I6M
1,67S
. .
.
.
THE CHRONICLE.
638
N«w YouK—( Oonetuded)—
To
To
[Vol. Lxxii,
Total baUi.
ChrlBtlHDft, per ftteamer
tl
60
HelUg Olav, 50
7
1,200
1,902
PetersburK, per steamer Island, 7
Nkw Orlbans-To Llveri-col-AaR. 5 -Steamer Cuban, 1,200..
To London -Aui?. l-8teamer Asian, 1,902.
To Havre— Auk I — Steamer SoliaumburK, 450
Bt.
Advanciog
K liADSTUPFS.
Friday, Aug. 5, 1904.
have continaed to exert a
upon values for wheat flour. Beilers
prices for the grain
favorable influetice
generally have been raising their limits. At the higher
prices aeked the volume of bneinees transacted has reached
only limited proportions, buyers as a general rule showicg a
4
2,092
Palermo,
a,09i
-Steamer
Clttadl
Genoa -Aug.
483 disposition to keep their purchases well within current reVera Cruz -July 29 -Steamer Nor, 482
100 quirements. City mills have had a a:oderate sale and at
HORFOLK— To Rotterdam— Auk. 1— Steamer Amsteldyk, 100
advancing prices. Rye flour has been sparingly offered,
Newport News— To ijlverpool— Aug. 1— Steamer BappaUan386 owing to small stocks; prices have been firm. Cornmeal
nook. 386
BosTOK-To Liverpool—Aug. 1— Steamer Ivernla, 879
2,787 has had a moderate sale and at slightly higher prices.
Aug. 2-8teamerCe8trlan, 1,9J8
894
Speculation in wheat for future delivery has been active
BALTiifORii— To Liverpool july 29— Steamer Ulstermore. 39 i
Sam FRAM0I80O— To Japan—July 29 -Steamer Mongolia, 1,405 1,405 and there has been a sharp upturn to prices. The foreign
15,603 markets have been decidedly stronger, the European crops are
Total
quite generally reported
be short of last year and there
the
week has been good buying forto foreign
for
of
foregoing
shipments
the
The particulars
account in the American
arranged in our usual form, are as follows,
markets. An estimate early in the week placing the yield of
Qreat French Oer- ^OtK.B'rope—^ Mexico.
the American wheat crop at only 530,000,OCO bushels induced
Brit'n. ports, many. North. South. <tc. Japan. Total.
The crop news from
8,081 active buying for investment account.
651 1,672
57
801
New York.
7.350 the spring-wheat belt during the week has been of an un841
545 2,430
482
450
N.Orleans. 8,102
100
100
Norfolk
favorable character, there being numerous reports of damage
386
388
N'p'tNews
2,787 by rust. On Thursday, after declining early, reflecting easier
......
.....
......
......
......
......
2,787
Boston
394 European advices and profit-taking sales, the market turned
......
894
Baltimore.
1,405 strong and prices jumped up rapidly on active buying to
1,406
San Fran
482 1,406 15,603 cover shorts, stimulated by a flood of rust-damage reports to
702 2,430
7,470 1,001 2,013
Total....
The exports to Japan sinoe Sept. 1 have been 46,291 bales the spring- wheat crop. The Cincinnati "Price Current" says
that winter-wheat indications are practically unchanged.
from the Pacific Coast.
Rust in various
Cotton freights at New York the past week have been There is considerable shriveled grain.
spring-wheat localities awakens apprehension of injury. The
as follows.
spot market has been firmer but quiet. To-day the market
advanced early but reacted during the day under reports
Fri.
Satur.
Hon.
Tues. Wednes. Thurt.
from the Northwest that the rust-damage reports were exag15
16
15
12
12
e.
12
Liverpool
gerated. The spot market was quiet.
12
12
12
12
?.
12
12
Manchester
DAILT OLOtlHO PBIOBB OP WEUAT FCTUBB8 Dl NE tT
21
21
21
20
20
20
e.
tri.
Sat.
Mon.
Tues.
Wed.
Thurs.
Havre
104
100
100
102
104
1C2
20926 20925 20926 No. 2 red winter, f 0. b
20
20
e.
20
Bremen
»9i«
9610
9914
delivery
tn
elev
101\
Sept.
101%
96)a
20
20
20
20
20
20
e.
Hamburg
98B8 lOm 100\
9438
98^4
Dec. delivery in elev
9538
Qhent, V. Antw'p.e. 191>21 199 21 19921 19021 19931 19921
May delivery In elev
96
999g
IO214 lOm
96%
991a
13915 13»15 139 16 13915 18916
.. .c. 18^15
Antwerp
DAILT aVOSntO PKIOBS OF WHEAT FUTUBB8 IS OHIOAOO.
28
28
28
28
fri.
28
28
Sat.
Mon.
Wed. Thurs.
Tues.
Bflval, Indirect.. e.
94(>8
9410
9038
91\
97%
971a
Sept. dellv. In elev
26
26
26
26
26
26
Beval, via Oanal.e.
97i«
89ia
9418
94
96^1
Dec. dellv. In elev^
90''e
18
18
Barcel'na. dlreot.e.
18
18
18
18
83i«
96I4
9914
91*8
96%
98%
May delivery In elev
20
e.
15
16
20
16
18
e(«noa, aBked
Indian corn futures have received a moderate amount of
Trieste
23925 28925 23926 23925 speculative attention and there has been a good advance in
e.
25
26
40
40
Japan (via Saez).e.
40
40
40
40
prices.
Strong foreign news has had considerable influence
Quotations are cents per 100 lbs.
upon the market. Roumania, which the past few years has
LivKBPOOL. By cable from Liverpool we have the following been exporting about 40,000,000 bushels of corn annually, has
statement of the week's sales, stocks, &c., at that port.
prohibited exporting corn, owing to the poor crop prospects
Sympathy with the advance in values for
in that country.
July 15 July 22 July 29
Aug. 6
wheat also had its influence as a bullish factor. The reports
from the corn belt have been quite generally of a favorable
Sales of the week
bales.
61,000
33,000
37,000
86 000 character, the present outlook being for a large crop. At the
Of which exporters took.
1,000
1,000
1,000
2,000
Of which speculators took.
1,000
1,000
2,000
1,000 close of the week, however, reports were being received
Sales American
29.000
45,000
33,000
29 000 from the Ohio Valley that rains were needed to maintain the
Actual export
3,000
3 000
2,000
9,000
favorable crop prospects. The spot market has been
Forwarded
62.000
64,000
47,000
55000 present
Total stock— Estimated
413,000 393 000 356,000 318 000 firmer and a fair volmme of business has been transacted
Of which American— Est'd. 292.000 877,000 248,000 214.000 with exporters. To-day the market was easier under profitTotal import of the week
16,000
36000
12.000
26 000 taking rules and predictions of rains. The scot market was
6.000
Of which American
28,000
17 000
7,000
Amount tkfloat
67,000
55 000
47,000
62,000 firm.
DAILT OLO8INO PBIOKS OF NO. 2 MTXSD 0OB> IH NE^T YORK.
which
Ajnerlcan
Of
89,000
30.000
26,000
34,000
Tues.
Wed.
Thurs.
Fn.
Sat.
Mon
The tone of the Liverpool market for spots and futures Cashcomf. o. b
e9ia
56ia
58ia
57
58\
575i
57B8
6714
delivery
in
elev....
6e'^
54%
66%
67%
each day of the week ending Aug. 5 and the daily closing Sept.
55i6
64''8
62
5314
65%
Deo. delivery In elev
66H
prices of spot cotton, have been as follows.
OAILT CLOSniO P&IOBB OF NO. 2 MIXED OOKN IN CHICAGO.
Wed. Thurs.
Fri.
Sat.
Mon Tues
8pot.
Sat'day. Monday. Tuesday. Wed^day. Thursd'y Friday.
62i8
63ia
S2%
61
61%
Sept. deUvery In elev.... 49>4
49i«
46''8
48>«
4914
delivery
In
47
48%
elev
Dec.
Fair
Market, )
Moderate bnslnesa
Moderate
46I4
46i«
48ia
<8ia
i8
May delivery In elev
Qnlet.
477s
12:30 P. M.
demand.
demand
doing.
J
Oats for future delivery at the Western market have been
Mid. Upl'ds.
616
6 04
6 00
6 02
moderatively active, and, following the advancing tendency
to prices for other other grains, values have made a moderate
Bales
7,000
10,000
8000
7.000
gain. The crop indications have continued favorable. The
Spec. & exp.
©
500
300
2,000
300
i
crop movement is now on a liberal scale and offerings of new
Futures.
oats have been free. Locally the spot market has been
at
Steady
at
Qnlet
Qntet
at
Qnlet
at
Market }
quiet, buyers holding back at the advance. To-day the mar336 pts. 6®7 pts. 803 pts.
4 pts.
opened. )
advance.
deollne.
deollne.
advanoe.
ket weakened under the free offerings of new oats.
Dull at
Qnlet at
Qnlet at Steady at
DAILT OLOBIHO PKIOBS OF OATS IN NETT YORK.
Market, )
1««
pu.
2«»
4®d
PU.
pts.
lee
pts.
Thure.
Fri,
Wed.
Sat.
Mon.
Tues.
4 p. M. ^
deollne
deollne.
deollne
advanee.
Nom. Nom. Nom. Nom. Nom. Nom.
No. 2 mixed In elev
In
elev
Nom.
Nom.
Nom.
white
Nom.
Nom.
No.
2
Nom.
The prices of futures at Liverpool for each day are given
DAILT OLOsnra prioea of no. 2 mixed oats in CHICAOOi
below. Prices are on the basis of Uplands, Good Ordinary
Thurs.
Wed.
FH,
Sal.
Mon. Tues.
clause, unless otherwise stated.
34I4
84''8
34
83%
Sept. delivery In elev.... SSH
33%
pj^ The prices are given in pence and 100(A. Thua: 5*91 means Deo. delivery In elev
34i«
S4i«
36
8388
35%
34%
5 gi-lOOd.
8514
S714
86%
Se^s
May delivery In elev
86%
To
To
To
To
To
450
841
645
238
HamburK -Aug. 1— Steamer Sohaaiuburg, 341
Antwerp— AuK- 1— Steamers A»lan, 49.-); Schanmburg, 50
Barcelona -July 29— Steamfir Juan ForgaB, 33rt
.
YORK
.
.
. .
—
1
36''a
Sat.
July 80.
non.
Aug.
1.
Following are the closing quotations:
TMara.
Aug.
2.
Aug.
3.
Aug,
Aug. 6
4.
12i« 4 121a 4 12i« 4 121a 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
Fine.
Superfine
Extra, No. 2
Extra, No. 1
(jlears
d.
d.
d.
d.
Straights
Patent, spring
d.
Jnly
Jnly-Ang..
Ang.-Sept
tfl
.
Sept. -Oct....
Oot.-Nov...
Kov.-Deo....
Deo. -Jan....
Jan. -Feb
Feb.-Moh.
..
Moh.-Aprll.
April-May ..
May-Jnne...
o
c
Oi
»
'<
n
c
p<
©
»
<<
8t 5 79 5 83 6 74 6 75
6» 5 62 5 65 5 57 5 58
46 5 39 5 39 5 82 5 84
8r 5 26 5 26 5 19 5 22
31 5 22 5 22 5 16 5 18
26 5 19 6 19 6 13 5 15
6 82 8 27 5 18 5 18 6 12 5 14
6 32 6 27 5 18 5 18 5 12 5 14
6 83 6 88 5 19 6 19 5 18 5 16
5 91 5
5 75 5
6 50 5
5 40 6
5 36 5
6 83 5
5
5
6
6
76
60
37
26
5
76
5 60
5
6
521 5
5 18 5
5 17 5
5 17 5
5 18 6
89
28
24
21
20
20
21
Wheat, per bush—
FLOUS.
Nominal.
Patent, winter
Olcy mills, patent.
$3 80 93 40
3 45 93 56
Rye flour, snperllne
3 40 98 76
Buckwheat floor..
4 00 94 50
Oom meal4 70 95 86
Western, etc
5 30 96 10
Brandywlne
OBAIK.
c.
0,
N.DoL.No.l
f.o.b.117%
f.o.b.114%
N. Dal., No. 2
Red winter. No. 2.. f.o.b.l04
Hard winter. No. 2. t.o.b.104%
Oats—Mixed, p. bosh. 41 943
951
White
48
No. 2 mixed
No. 2 white
Nominal
Nominal.
Oom,
per
Nominal
Nonalnal.
No. 2 yeUow
No. 2 white
Bye, per bnsh—
Western
93 06
93 10
3 00
3 06
btuh-
Western mixed
No. 2 mixed
9 6 20
94 70
6 40
4 16
o.
68
t.
o.
f. o.
f. o.
0.
969ia
b.69ia
b.60
b.59
NomlnaL
State and Jersey.... Nominal.
Nominal.
Barley—Weat
Nominal
Feeding
:
Aug.
.
,
THE CHRONICLE.
6, 1904.]
Exports of Grain and Flonr from Facifle Forts.— The
exports of grain and flour from Pacific ports for the week
ending Aug. 5, as received bv telegraph, have been as follows:
From San Francisco to Cork, 18.000 bushels wheat and
80,000 bushels barley, and to various South Pacific ports, 403
bbls. flour.
CJombining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903.
Mxports
50,315
Wheat,
bush.
18,000
60.315
97.000
18,000
38,000
Flour,
from—
BAH Fran.
Paget 8'd.
bblt.
Corn,
Oatt,
bu$h.
bush.
Barley,
bush.
Rye,
btuh.
160,000
Portland..
Total....
Tot. 1903.
160.000
QOTEBNMENT Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Aug.
1
.
as follows:
CoBW.— Com baa experienced a week
of faTorable temperature, and
while needing rain In portions of the Ohio, Central Mlsslaelppi and
Mleeourl valleys, the crop as a whole has made good progress and
contlanes In promlsin«r condition.
Winter Wheat.—Threshing winter wheat has advanced under
favorable weather conditions In the central valleys, but frequent
rains have Interrupted this work in the Middle Atlantic States. The
quality and yield of grain are proving disappoinilng In the lower
Missouri Valley, where the crop suffered much from excessive rains
during the period of harvest.
Sprihg Wheat.— Unfavorable reports respecting spring wheat are
more pronounced as well as more general than in the prevloos week,
rust being more or less prevalent In all of the principal spring-wheat
States east of the Rooky Mountains. In portions of Mlnneeot * and
North Dakota, however, a good crop is promised. Harvesting Is Iq
progress in Iowa, Nebraska and South Dakota, and will begin aboat
the 5th In Minnesota. Harvest is also in progress in Oregon, with
better yields than were expected. In Washington spring wheat is
ripening somewhat too rapidly as a result of hot winds.
Oats.— Oats harvest Is in general progress in the more northerly
seotloos and Is largely hnlehed In the central and southern districts.
Bust has caused damage In North Dakota and portions of Minnesota,
and rains have proved iDjarious to oats In shook In Maryland, Dela-
ware and New Jersey.
For other tablea usually slven here see pave 609.
THE DRY GOODS TRADE
639
effect it might have had upon the striking
operatives. Wide goods are firm and odd lots are quiet on
the basis of 3J^o. for regulars. There has been rather more
inquiry for brown drills and sheetings and this has developed
the fact that a good many lines have been cleaned up, but
the volume of business has not been large and quotations
remain unchanged. Light weight sheetings have been in
moderate request. The export demand has fallen off through
the depletion of stocks and the impossibility of making quick
the possible
shipments, but some orders have been placed during the week
for three-yard drills for late delivery. In four-yard sheetings
the scarcity of spots is particularly noticeable and later
deliveries than wished for have had to be accepted in several
Bleached muslins are quiet with the demand
instances.
mostly for near-by positions. All ooarse, colored goods are
slow and practically without feature. Staple prints are in
fair demand, but the inquiry for fancy prints is small. Staple
and fine grades of ginghams are in moderate request, but
There is little doing in Canton
without great activity.
flannels and cotton blankets and prices remain the same as
Kid-finished cambrics are in very small demand
last week.
and the market is featureless.
Woolen Goods.— Complaints are very scarce in the men's
wear woolen and worsted division this season, and the
volume of business seems quite satisfactory to sellers.
Th-re are at present many buyers in tjwn, and the opening
of further lines during the week seems to have increased the
The demand up to the present time has been of a
activity.
legitimate character, with little speculation, and in view of
existing conditions, it is doubtful if sellers would accept such
orders. The market is in the hands of the latter, and while
maintaining a firm position, they have shown no disposition
to unduly advance prices, although buyers themselves expect that some advances will be made later in the season if
present conditions in the wool market continue. Mercerized
worsteds seem to have the call, aud while some think that
these are being overdone, retail clothiers are evidently of a
different ooinion. Fancy worsteds have only jast been
opened, but the demand so far is good, and many think that
they will prove to be the most popular of all lines. In some
cases orders for heavy-weights have been refused, as mills
are anxious to begin as soon as possible on light-weight lines,
and where repeat orders have^been accepted, prices have been
The demand for overcoatings continues moderate,
raised.
Cloakings are in fair request. Woolen and worsted dress
goods show some improvement, but business is not yet active.
Foreign Dry Goods.—The reorder demand for imported
woolen and worsted dress goods has not commenced to any
extent yet, but agents report that there is rather more doing
than of late, with the better grades still the most favored.
Silks are quiet, as are ribbons, with the demand small and
prices unchanged. Linens continue firm but the market is
lifeless and the expected demand has not yet materialized.
Burlaps are quiet and unchanged.
New Yosk, Friday, P. M. August 5, 1904,
There has been very little change in the condition of the
cotton goods market during the past week, but if anything
buyers have shown rather more disposition to operate.
Although the general movement of business continues light,
confidence is growing, and the scarcity of spot supplies has
in several instances been brought forcibly to the attention of
buyers. There is as yet no indication that operations of an
extensive character are being undertaken, for the condition
of the raw cotton market and the excellent reports of the
H^arebionse TV^ltbdraTvala of Dry Gooda
growing crop still lead buyers to anticipate lower prices later Importations and
at
B>
on, but the orders for immediate delivery have shown some
g
increase, and where it has been found impossible to fill these,
to
O
•^ tS M '—
This is particularly
later shipments have had to be taken.
true of the export business, which has been considerab ly
p o
s
S
§
I
B
curtailed through the inability of sellers to make August
».
oi
a>
a>
B
p
"^
o
®
2
shipment, and in some instances deliveries extending into
*
*
o
o
a:
2
e.
I"
....
m
next year have been accepted. Under these circumstances
oS ::;;:«
a B4
sellers have become firmer in their demands, and while there
•djs
is no actual change in quotations, there is less irregularity.
P?
In the opinion of sellers the good crop conditions are more
than oflJeet by the general curtailment of prodnction, and
a .'-'.-,"'
o aco »a
'-'
f
;
.'^
:
i
i
.
:
;
;
.
.
'
•
.
>
•
.
.
:
!
:
:
!
;
:
:
,
,
,
!
.
!
:
.
!
:
:
I
et-
1
•
1
.
;
H.*
they predict that when the truth of the situation is fully
realized by buyers, the rush to purchase will be so great that
they will put the market up upon themselves. From present
Indications the Fall River strike is likely to be long drawn
out, for there are no signs of weakening on either eide. In
the men's- wear woolen and worsted department business has
again been highly satisfactory during the week, and several
new lines have been opened at equal to or better than last
wo
9M
N .
o-*o
-103
H"
o 0>aa
o t>-V>
vo
to
.-OD
OJOBOlit^CO
I
K-09t3OO
ODOooota
l>.^
—
packages, valued at |160,787, their destination being to the
points specified in the tables below
Nbw York to ado.
Great Britain
Other European
China
..............
...................
Central America...
Bonth America..............
Other Countries
Total
712
65
328
680
65
1,882
8,701
81,106
8,085
1
Indies.
Mexico.
456
501
46,649
4,727
13,302
6,023
11,628
100
India
Arabia.
Africa
West
11
2
BineeJan.l.
1,864
182,560
Week.
22
8
2.854
326
2,908
277
818
13
144
2.270
266
9.401
I
•«J
I
t3-4
I
»M
[^."Mail^
I
I
Ota
^co
.
,
,
1,848
7,048
36,994
6,758
226,344
The value of these New York exports since Jan. 1
18,172.844 in 1904, against |9,902,888 in 1903.
Print cloths have been advanced i^c. for regulars during the
week and are now quoted at 8' {jo., while it is said that some
transactions have been made at 3>4C., and it is added that a
further advance would have taken place had it not been for
a
ip>ta
aa
!
!
ex
1
^toexo-4
M»3l^exb3
M-acxooit^
— -J^fa
co9i^«o«.'ee
OOr-iOIOt
Voo*— <oex
H-OOOOO
mt-aovi
v>o
M-4
w>
00
MS
«
Oa
•-•acoAoo
COM M
o oo
a
MVOICXQO
a*-"
«J
MCO eooixiooi
a
^ a<i 00t3t9-'M
M ka«o OOCOCOOO'v]
<I00
row
tc«o
M
1
00
16,315
18.932
7,846
338 328 890 861
cxVico
<!
«p
O
j
i
1
«jeo
oob
»*.
a[^
w^
COCDOi-IO
I
I
VooWo.
10
aoo)->^to
i^kaco*04i
I
coa««M
Mi-i
r'O'i^O'.ta
p<ipp»a
00 >4taa
QOCu CO
Va
p^
Vlo .-•ecbboaD
00 00
--JWA*-'
I
oooDbVab
COOOh'MCD
(Oii^<kaA
acxocoQo
I
}
to
'l^CdtOCXOO
oxooMii^ca
fk^oeoM
00
1,025 1,762 1,628 2,381 1,160
Oo
a
a^
(0
.
00
1,910,697
a
g
167,009 279.011
665,953
54,596 69.900
95,437
a
b
«».
po
b aM
co^
CO
73,
167,281 107,294
90,534
11,717
."i?!
362,625 263,447
228,251
15,680
8,498 6,325
9,693
MM
§
CO yap
ex
a 00
-»
acd
I
*>—
I
bVs
o-
V-iwoob
i
8,381
WOO
il
l-«IO
10 CO ~J»3CX
IOK>
)-•
CO 1^ 10
COCX
W»3"o
aoi
oco
oo
ocO
CO
^wo
M
w'^'Ut-'
:^ (-•OD CD
^O
'O >— <»
D
ex ex «k
00
(daw
QOvipCON'
Vl>-V-
300.037
620.S96
14,200
8,226 6,929
M
I
Talue.
161,077 257,738 571.549
203,156
ex to
ai->
'<e'<o
p
bCO
-J
1^
M
has been
-»*.
--<]^
u aa
towo-ja
00
M
^»-j»--a
vfa
CO
»0
»3
CKtOit^QOM
1,837
110,459
9,589
26,581
7,106
17.797
f
Mtacoi^M
Sinu Jan. 1.
832
1.^
bVi
oa
00
CO
ea
1.
Week.
«0
.«
1903.
1904.
eoa
WK)
ex
season's prices.
Domestic Cotton CJoods. The exports of cotton goods
from this port for the week ending Aug. 1 were 1,864
CX
-a
1
'
r'tOMi^tS
t-CDViOp.
i^atOQDta
00 to
...
cooaesee
I
-)00 CO
M
O-* MCXIO
»-00
i^
.19
I
THE CHRONICLE.
640
[YOL. LXXIX.
Pag:
Name.
Pa
225. Andover, Mass
5I8..Appleton, WlR
225..At-hland Co ,Ohlo
BaU.
2 8 2.. Alliance,
PUBLISHED WEEKLY.
Terms
ot
Sabscription— Payable In Adyance:
flOOO
Vor One Year, Inoladlng all Supplbhbmts
For Six Months
Karopean Subsortptlon (Lnoludlng postage)
Knropean SubsorlptioD Six Mont&s (inoladlng postage)
6 00
13 00
7&0
The Railway and lNDU8TEiAL8eotlon,iB8nedqaarterly, is famished
toithout extra charge to eyery annual sabsorlberoi the Commeboial AND
FrWAKCIAL Chroniclk.
The Stats and Citt Section, Issaed seml-annaally, is also fnmlshed
without extra e/iarge to every subscriber of the Ohhonicle.
The 8TKEET Railway Section, Issued three times a vear. Is likewise
tomlBhed without extra charge to every subscriber of the Chbonicle.
The Baitk and Quotation Section. Issued monthly, Is also furolahed
trithoul extra charge to every subscriber of the Chboniole.
Terms of Adrertlsing—(Per Inch
Space).
Tmulent matter (each time) $4 20 Three Months
STAKDIHO BUBINBB8 CA£Dg.
$22 00
(8 times)
Two Months
(IS times) . . .929
Slx MOBthS
(26 tlmCB) ... 50
Twelve Months (62 times) ... 87
00
00
00
WILLIAM
B. DANA COMPANY, J>ablUhera,
Pine Street, corner of Pearl Street,
POST
OmoB
Box
NEXT TORK.
958.
MUNICIPAL BOND SALES IN JULY.
4
4
5
225..ARolin Co. (Wash.) Sch.
Dlit. No. 5
642..Baraboo. Wis
4
282..Beaver Oo., Pa
4
4
642..BBlmore (O.) Sch.
226..Ben80u, Minn
282..BergenCo.. N. J
5
Mont
643..ChlppewaCo., Mloh....
226.. Cincinnati, Ohio
282. .Citrus Colony School
Oal
. .
Ohio
226..CrawfordOo., Ohio
,
!S20..DadeOo., Mo
643. .Dayton, Ohio (2
Is.)....
643.. Dayton, Ohio
643. .Delano, Minn. (21s.)...
170.. Detrdt, Mloh
643.. Douglas, Qa
520. .Dover, Ohio
May, June and July— no less than $112,907,638 permanent
municipal securities have been floated, the prices obtained
in most instances proving very satisfactory, Notwithstand- 520..Early Co.. Ga
283..£aBton (Pa.) Sch. Dlst.
ing the nnasnal amount of new municipal issues put on the 648..Edgewater, N. J
market, large portions have already found their way into the 283..EUenvine, N. Y
643. .Erie (Pa.) 8oh. Diet....
hands of permanent investors. This is in striking contrast 170..Evan8ton, III
Park, III. (2
with the situation in the two preceding Presidential years, 227.. Evergreen
Issues)
283..
Fo8torla,
Ohio
confidence
was
deeply
especially
in
when
so
dis1896,
and
,
series of years.
Mrmlhof
1904
1003
1802
1001
1900
1800
1898
Twp. Sch.
JiUy.
183,271.481
16,670.240
287..Freeburg
Oo, Ohio
(lU.)
Dlst
644..FrloCo., Tex
|171.»'27,858
8.104,043
18,618,95'<
81,1169,334
7,868,663
51,947,110
1S97
18U6
If96
1891
1893
1892
July.
|17,a8H,869
5.313,496
15,374,860
8.263.237
1,«91.600
4,139,100
For the
Seven Mos.
190,665,236
48,190,469
72,86e,a73
74,680,229
34,364,7ia
53,v:32,391
In the following table we give a list of July loans to
the amount of $38,271,481 issued by 236 municipalities. In
the case of each loan reference is made to the page of the
Chronicle where an account of the sale is given,
July Bond Sales.
Bate,
Name.
Page.
618. .Akron, Ohio ('2 Issues), i
4
518. .Albeit Lea, Minn
J?!*
282. .Albany Co., N.Y.
«. ±
^31^
4
«42.. Allegheny, Fa
Maturity.
tl9l4-1924
1905-1924
1925
1909- 1918
Amount.
$49,800
32,000
20,000
180,000
Price.
100
100-25
101-27
40.000^100
5
6
4
8»«
4
4
4
4
11906-1914
1905-1910
1934
1906
1924
1905-1914
1905-1914
1924
11909 1844
1924
1919-1934
83 485
100,000
25,000
120,000
8,.5C0
10088
:
103-48
102 48
100-666
100
11909-1914
1929
1919
1984
10,000 100
5,000 110-78
15,000 102198
300.000 110 179
6
4
4
4
4
4
19051914
8i«
1934-1929
3,000 103 08
100,000 100
50,000 100
150,000
53,000 T[ 100
30,000 100
88,000 101-579
4i«
1908-1917
19,000
5
5
5
6
1906-1911
1929
4
4
4
1911-1924
1903-19 IS
1909-1917
10,000
16,000
80,000
80,000
60,000
40,000
46,000
6,000
100,000
20,000
27,000
40,000
72,000
85,000
30,000
75.000
81,600
4
4
1924
"l9S4"'
"1924"**
5
4
6
4J«
5
4
4^
4
4
4
1919
1934
11914-1924
19061935
1916-1924
1905-1923
8
4I9
1924
103-87
101-433
104 303
100 30
101-818
102-61
100
107-05
104
102 074
103-193
id2'64
105-58
101-78
7,500
43,000 105 09
a
4
1906-1917
1907 1912
5
1906-1916
11914-1944
119)4-1944
1905-1907
1905 1914
6,500
75,000
103077
100 523
41*
6,300 10317
15,000 100
15,000 100
25,000
90,000 102-028
8oh.
Dlst. No. 9
M
ass
227.. Gloucester.
170.. Grand Baplas. Mich...
170..GrantOo., Ind
520..Greenburgh (N.Y.).8ch.
4
4
4
4
19081914
1924
1909-1913
Hanley
6
5
1924
1911-1914
1914
1919
11914-1924
Mont
6
11914-1924
4
4
Dlst
170..Hagerstown,;Md
Minn
5i«
Falls, Minn
820. .Hardin Co., Tex...
520. .Harlem School Dlst.,
283.. Harrison
1,000 100
6.000 101-616
10,000 100
60.000 100-94
11909-1924
1918-1927
11909-1925
11914-1934
1905-1914
6
ITCGalnesvlUe (N.Y.)
227
4,000 100
25,000 101-93
25,000 103312
7,000 100
7,000 105-84
25,000 100-10
53,000 100-566
100,000 ioa-29
2,000 100
13,000 103 091
22,000 102-30
4
644..FrloOo.,Tex
644..FultonCo.,N. Y
227.. Fulton Co., Ohio
520.. Halstad,
14,500 100
110,000 101-409
100,000 100
30,000 100-48
4,500
7.000 102 188
16,0C0 100
150,000 102-685
School
6.700 100149
50,000 10251
90,000 107-411
25.000 103-10
105-881
83,000
10,250
10114
1906-1910
1,500
104-36
1905-1915
5,000
100
*-<X'0SlM-»0
7,000 10«-148
5,000 104
50,000
Twp. School
Dlst., Ohio
6
2S3..Hartsock Free Turnpike No. 42, Ohio... 4i«
644.. Hastings (Neb.) School
4
119141924
19051914
5
4
•1907
1905-1911
11,835
7,000
101-787
100
8
1909-1918
1932
7.600
309,000
100146
1909 1914
3,500
10,000
101-057
101-60
1924
1905-1934
65,000
46,S00
101-83
4>«
Dlst
520..HaverhUl, Mass.
520..Helt Twp. Sch.
Ind
283.. Herkimer, N. Y
(4 Is)
40,003 102-625
541.000 102-395
I 4,00011100
Dlst.,
520..Hermosa Beach School
Dlst.Cal
Month ol
For tli.e
Seven Moa.
95,246.074
100.489.945
69,4b5,6&5
89.047,708
12,8ril,650
8.1162,495
227.. Franklin
Price.
$24,000 102 08
89,000 102-50
100,000 101-19
35,000 107-693
Dla.,
Ohio
During July of the present year several important sales
were consummated, of which that of the city of Philadelphia was the largest. That city on the 11th placed $16, 000,000 31^ <{ bonds with a syndicate at 101'036— a basis of about
Z'^i%%. For the first time sine* the law requiring publicity
in the sale of State bonds went into effect, the State of Massachusetts was in the market with $1,312,000 ^%% bonds. The
purchasers were Blake Bros. & Co. Harvey Fisk & Sons and
Vermilye &, Co., and the price 1C4-929. New York City had
no public offering, but $1,186,717 bonds were taken by
that city's sinking fund as an investment. The city of
Bochester, N. Y., also placed a large block of bonds, having
awarded on the 20th $1,270,000 ^yi% bonds (3 issues) to N. W.
Harris & Co. of New York City.
The number of municipalities emitting bonds and the number of separate issues made during July 1904 were 286
and 326, respectively. This contrasts with 234 and 858 for
June 1904 and with 198 and 253 for July 1903.
For comparative purposes we add the following table
showing the aggregates for July and the seven months for a
1907-1931
1924
1924
6
,
turbed.
19141924
4
4
519..0aldwellOo., Tex
519. .Cambridge, Ohio
4>«
282 Cambridge Springs, Pa. 4
642.. Cameron. Mo
5
3'65
M9..0anandalgua. N. Y
226..(^anon City, Colo
6
5 19.. Canton, 111
4
642..Cellna, Ohio
8
226..CentervUle (Iowa) Sch.
Diet
4
226.. Cheviot, Ohio
5
530.. Fowler
1906 19 19
5
3^
activity in the manicipal
nearly 8>^ millions of Canadian loans, to say nothing of the
2 milliont of "general fund bonds" of New York City, all of
which we exclude from our totals. For the three months-
1907-1934
1919-1934
1914
Amount.
Dlst. No.
642. .Brandon. Wis
226.. Bristol, Tenn
642.. Buffalo, N. Y
642..BDffdlo, N Y
642.. Buffalo, N.Y
642..B ffalo, N. Y
6i2..Burllngton, la. (318)..
226. .Crawford Oo
119141924
5^
169..Bloomfleld,N. J
612. .Boston, Mass
Dlst..
19071917
4
519.. Blaine Co School Dlst.
No. 10, Idaho
ie9..Bla8dell, N. Y
28,
1905-19V4
1905 1924
."i
Dlst.
Tenn
bond market inangnrated on 226..ClarkHvllle,
226.. Cold water, Mloh
May 3 by.tbe sale of $37,000,000 corporate stock of New York 6l3..Colllng8wood, N. J
643..ColDmbus,0. (9l8.)....
City continues to a marked degree. The May total, which 169.. Columbia, Tenn
H
reached the exceptional figures of $54,295,638, was followed 226..Conoord,N.
226.. Cook Oo. (111.) Soiiool
Dlst. No. 99
in June by an aggregate of $25,340,509, while in July no less
e43.. Copley Twp. (O.) Sch.
than $33,271,481 of new issues were dsposed of and this,
Disl
too, without considering over \2% millions of temporary and 282 Cottage throve. Ore
The
4\
226..Belle Plains, Iowa
642. .Bellevue, Iowa
169..Bozeman Sch.
Maturity.
4>a
227.. Hillsborough Co., Fla..
227.. Hills Soh. Dlst. No. 66,
Minn
520.. Holly Beach. N.J
520. .Hollywood Union
4
5
8
High
Sch. Dlst.Cal
644..Hor8eheads. N. Y
5
4
284.. Hubbard (Texas) Sch.
Dlst
6
4
170. Hudson, N. Y
170. .Huntington Co., Ind... 3»«
284..l!>wa Sch. Dlst., Oal.... 6
5^0.. Ironton, Ohio
8
227.. Jackson Co. Ind. (i Is.) 4,^
6
227. .Jackson Twp Ohio
644..Jenklntown (Pa.) Sch.
4>«
Dlst
620..Jollet, 111
4»t
520..Joplln, Mo
8
284..Kallspell Sch. Dlst. No.
5
5, Mont
.
,
227..Kau8asClty. Mo
644.. Kankakee, 111
95
4
4>9
1944
190P-1922
1911 1924
1905-1907
1905-1914
'"l926""
19091934
1914
11909-1914
119141924
1924
1915-1921
102 503
6,000 100
220,000 103-539
260.000 101-206
2,CO0 101
12,400 10130
82,800 100
5,0C0 116-666
24,000
60,000
26,000
102-28
105 52
104184
14.000 105-088
600,000 105-656
34,000 a06 832
,
Aug.
6,
THE CHRONICLE.
1904.1
Bate,
Name,
Page.
284..L8kewoo«1, Ohio (9 l8.). 6
Ohio
6
.Lftkewood.
284.
ft
284. -Lakewood, Ohio
5
284. .Lakewood, Ohio
520..LanreI 8ch. Dial. No.
11,
Mont
6
521. .Lawrenoe, Mass
644 Leavenworth (Eansas)
4
SohDlBt
4
284..LeRoy 8oh. Dlst, O... S
.Lincoln.
Neb
5
644.
a84..LlttlePall8, N.
Y
4^
284..McOracken, Ey
4
5
644. .Madison Co., Ind
171..MahonlngOo..O. (6lB.) 4>«
644..Malhenr (Ore School
Dl8t. No, 8
5
Maturity.
1905-1914
1905-1914
1905-1914
tl914-1924
1805-1910
1905-1914
1905-1914
1905 1908
1934
1905-1917
Amount.
Priet.
$76,961 100
6.776 100-12
12,321 10011
6.502 10015
1,600
40,000
100
60.000
5.000
130,000
1,301
100,000
2,100
25,000
100
100
100
103-40
)
284.. Marinette. WlB
645.. Marion, Ohio
621.. Marlon Co., Ind...
4
5
3i«
62l..MarlonCo..Ohlo
6
3S8. .Marlon (111.) 8ch. Dl8t. 4
645.. Marlboro (N. Y.) Soh.
Dlbt
4
284.. Marlborough, Ma88
4
284. .Marshall Oo., Minn.... 6
118. .Maryland
S^a
621..MaryBvllle,
O
284..Ma8eacha8ett8
(4 la)...
(61b.)...
Minn
284.. Mazeppa,
521. .Milton (Pa.) Sch. Dlst.
228.. Minnesota
284.. Minnesota Soh.
Fund
19061814
1929
1905-1914
11914-1919
4ia
8^
5
5
5
284..MedlnaCo.,Ohlo
645..MedlnaCo..Ohlo
171.. Merrlmao, Maes
171.. Merrlmac, Mass
1924
1905-1917
1906
1924
1905-1914
4
4
4
3
1905.1909
J905-1907
1905-1908
1909-1932
1905-1926
1906 1927
Loana
228.. Mississippi
645..Moha^k, N.
3>fl
Y
3-90
228..Montlceno, Wis
521.. Mt. Holly. N.J
521..Mt. Joy (Pa.)Bch DlBt.
6
4
3^
11914 1984
1906-1928
190fi-1920
1906-1934
tl914-1934
5.000 101
75,000 100 606
6.000 100
170.000 101-45
33,000 104-773
10,000 100
4,500
12,000
85,413
10,000
5
i 816,000
78,250
1,312,000
2,600
1,800
2,300
84,000
11,000
11,000
200,000
69,875
500,000
12,000
8,000
15.000
15,000
100
109-139
101-70
103
102 166
100 096
104-929
100
lCO-111
100217
105-499
i
100-50
.101-50
100
100
100188
100
105-383
645..Naoogdoches(Tex.)Ind.
Sch. Dlst
228..Newark, N. J
228.. Ne-wark. ST. J
228.. Newark, Ohio (2 Is.)
171..New Bedford. MaBB....
285..New Castle CO.. Del....
285.. New London (O.) Soh.
Dlst
171..NewBochelle. N. Y....
621..New Philadelphia,
285.. Newt*' n,
O...
Kan
645..New York City (16
l8.).
5
Z^
3>«
tl909-1944
1954
1934
4
4
1906-1924
1923
5
4
5
5
3
1905-1919
1906-1933
1905-1914
1934
1953
4
1921-1924
9,000 100
300.000 102-517
100,000 102-037
4,578 If 100
100.000 104-596
176,000 104-50
10,000
56,000
42.000
76,0C0
104-422
10409
104-519
100
1,136.717 11100
171.. Niagara Falls, N. Y. (2
issues)
285.. North
Bergen
Soh. Dl8t,,N, J
1905-1944
1929
tl909-1924
1905-1944
1914-1934
621..0neonta. ];f. Y
S-49ia 1906-1933
285..0nelda, N. Y. (2l8.) ... 4
1906-1915
286..0rtonvlUeTwp.,Mlnn. 4
1919
645.. Overton (Tex.) School
Diat
4
11909-1924
521..Padnoah, Ky
4ifl
1924
285. .Pascagonla. Miss
5
tl909-1924
229..PaterPon, N J
4
1939
285..Penn Yan, N. Y
8 70 1922-1930
286..Penii Yan. N. Y
375 1909-1922
285.. Perkins Co.. Neb
4
621..P€rry Co Miss. (2 Is.). 6
1906-1929
229..Phlladelphla,Pa.(12l8.) S>9
1934
622..Pro8peotPark. Pa
285..Pneblo Soh. Diet. No.
20, Oolo
4
11909-1919
622. Putnam Co., Ohio
6
1905-1909
172.. BadcUflc, Iowa
4ifl
1924
172..Rihway,N. Y
4is
1934
,
645..Hathdrum
(Ida.) Soh.
Dlst. No. 2
522.. Rich Valley Twp., Minn
645..Rl(1gffleld Paik, N. J..
622. .Ripley, Tenn
285. Rochester, N. Y
288. Rochester, N. y
285..Rcoheater, N. Y
172..R08el)e, N. J
522..Roeendale, N. Y
6
5
6
.
3>fl
.
3»j
285..Raglnaw, Mich
622. St. Marys, Ohio
622..San0UPky, Ohio...
286. .Santa Fe (N. M.) Soh.
Difit
105-78
Xwp.
228. .Norwood. Ohio
4ifl
171..Nuece8Co.,Tex
4
228. .Oakland (Cal.) School
Dlst
4
621..0ocneeOo.,8. C
6
622..8ohenectady, N.
32,000
Y
286 Schuyler Preolnot.Neb.
Z^
4
8-85
4
5
4
6
3i«
4i«
1906-1912
1906-1907
1925-1929
1934
1924
tl914-*i939
1909 1924
19191933
1906-1924
1923
11905 1914
1910
11923-1933
1905-1924
tl9091924
50,000
6,000
1,980
108
108-15
100
960.000 100
45,000
14.000 100
8,000 100-3126
8.000 100
4,000 100
20,000 100
26,000 JlOO-60
500,000 100-80
31,846 10004
35,000 100-14
25,000 100
75,000
6,000,000 idi-636
13,000
100,000
41,000
4,100
30,000
4,000
2,600
25,000
3,000
170,000
1 00,000
1,000,000
60.000
40,000
60,000
22,000
5,600
Ohio
5
S87..8umpter, Ore
230..Huinter Co., Ala
646..8ycamore, 111. (2 iB.)...
231..Taniaqua, P<t
287..Tarenium, Pa. (31s.)...
287..Tarentnm, Pa
6
6
4A6
19091916
100
100
ibo 89
1914
1906-1916
1925 1939
11909-1924
1909-1944
1934
1906-1918
11914-1919
1905-1924
100
105529
101-018
100
4,000 100
23,000
12,000 i 03 -3 6 2
16.000 116 644
98 50
20,000
26'>,O0O 103 849
100,000 105-005
4,000 100
3.000 100866
40,000 100-126
2,916 11100
10060
1915
10,000
25.C00
2,160
15,000
60.000
30,000
20,000
87.000
7,000
101 28
102-e88
3ifl
119091924
4>«
11919-1934
1932
4
106-315
50,000
190^-1907
1905-1919
1934
1905-1914
4ifl
1905-1934
414
1914
1906 1924
647..Van Wert Co., Ohio....
287..VlgoTwp.,Ind
524.. Waco, Tex
624..WakeOo., N.
2 8 8.. Warren Sch. Dlst. No.
2, Minn
288. .Warsaw (Ind.) School
4i«
3ifl
Dlst
288.. Warsaw (Ind.) School
Dlst
647.. Waseca, Minn
174. .Washington, Pa
232..Watertown, Maas
288..Watklns, N. Y
232..Wanseon (O.) Boh.
232.. Waynesburg. Ohio
DlB.
5
4
8
288.. Whatcom Oo. (Wash.)
Sch. Dlst. No 69
624. .Wheatland, Cal
232..WhlteCo., Ind.
647..Whltehouse (O.) Soh.
Dist
2S8..Wlnfleld (Kan.) School
Dlst
524..WlnnetkaPaikDl8.,Ill.
524. .Woodbury Co., Iowa...
524.. Workman, Minn
232.. Yakima Oo. (Wash.)
Soh. Dlst. No. 25
232. .Yakima Oo. (Wash.)
Sch. Dlst. No. 74
524..Yonker8, N. Y
524..Yonker8 (N. Y.) School
Dlst
524.. Youngstown, Ohio
524.. Youngstewn, Ohio
524. .Youngstown, Ohio
Amount.
Price,
$6,000
43,966
50,000
8,000
100-418
101-10
108-869
101162
34.947 102591
15,000 103-866
40,000 100
6.000 100
33,500 lOlSllV
400,000
90
38,000
1905-1909
1933
1934
5
1919
10,000
103-70
4
1914
20,000
102-8ST
4
tl909-1914
8
4
1914
4
4
1905-1934
1924
5
5
19071909
647..West Springfield. Mass. 3^
288 Wharton S'^h. Dist., O. 8
1912-19S0
1930
1908-1923
8
6
6
11905-1909
1905-1944
8
1906-1915
4iii
413
14,000 101071
18.000 107-04
170,r00 102-988
160,000 106-199
20,000 108179
3,000 10290
10,000 107-177
25,000
8,000 108212
1,500 100
20,000 108
6,218 100
2,000
1924
100-87S
15,000 100
9.000 108-444
17,000 : 100
5,000 100
19101918
4
6
11909-1914
1906-1919
4%
tl906-1919
2,000
100
5
tl906-1924
1906
1,000
100,000
100
100-07
1959-1960
1905-1909
1906 1910
1906-1910
8.000
7,000
28,800
5,985
109-29
102-48
103-5S
103 57
4
4
5
5
8
Total bond sales for July 1904 (236 mucovering 325 separate Issues). .§933,271,481
niolpalitles,
* Average of dates of maturity,
t Subject to call in and after the
earlier year and mature in the later year. ( Not including $12,650,862
of temporary loans reported and which do not belong In the list:
also excludes $2,000,000 general fund bonds of New York City.
II
Taken by sinking fund as an Investment.
1
And
other oonaider-
atlons.
In addition to the above we have recorded daring the
of Jaly the following sales by mnnicipalities ontside
the United States.
Bonds Sold bt Canadian Municipalities.
Amount.
Page.
Name.
Rate.
Maturity.
Price.
520. .Gait, Ont
1905-1924
4
$50,000 100
98-90
620.. Hamilton, Ont
1905-1924
4
91,423
228. .Midland, Ont
41*
1934
8,000 103 078
648. .Nova Scotia
iJ650,000
94
3%
1905-1924
229..Port Dover, Ont
4»«
$8,000 100
91-50
646..St. John, N. B
3>«
1944
113,500
month
REVISED TOTALS FOR PREVIOUS MONTHS.
The following items, included in our totals for previoua
months, ehonld be eliminated from the same, as the sales
have not been carried to completion.
We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
Page.
Nam^ of Municipality,
227.. Holly wood Union High School Diet, Oal. (May Hat)
287..8nmpter, Ore. (March list)
230 Sumter Co., Ala. (April list)
647..Woodbury, N. J (June list)
We
the
100
100
10160
ioo
108 165
Amount.
$66,000
15,000
80,000
20,000
have also learned of the following additional sales for
month
Page.
1904-1928
19015-1914
Pa
S^a
1906-1910
1905-1911
1934
1919
287.. Urbana. Ohio
231..Utlca. N. Y
100-431
100-641
58.000 100
110.000 moo
16,000 101-171
4.000
533..Twln Valley, Minn
287. .Union City Sch. Dlst
Maturity.
98
102-472
100-292
102-11
286. Seneoaville Soh. Dlst.,
e46..8hi»ron (N. Dak ) Soh,
Diet
4
522. Shelby, Ohio
4^9
646. .Shtparrt Sch. Dlst., O.. 6
646. .Snow Hill. Md....
5
286. .South Omaha, Neb
4>«
173.. Soul h Orange, N. J
4
623 .South Sharon. Pa
4*11
528. .Spalding, Minn
6
287..SpcihaDe Co. (Wash)
Sch. Dlst. No. 86
6
287. .Sprlnpfleld, Mass
8>«
523. .8pr)n»(flel(l, Ohio
..
173..8prlrgfleld (III ) Pleasure and Drive. Dlst.. 4
287..Sprlnelleld (Ohio) Sch.
Dlst
4
280. .Stanley, WIf;
6
287..8ammlt Oo.,Oblo
6
Page.
Name.
Rate.
523..Tllden (Neb.) Soh Dlat.
6
No. 80
231..Topeka, Kan
5
4
231..Trenton, N. J
101-645
103-52
641
of June.
Name.
28-i.. A.lpena,
Additional June Bond Sales.
Amount.
Maturity.
Rate.
Mich. (2ia.)...
225.. Antlgo, Wis
226.. Choctaw, Mameeke
&
8
4
VenlceDr Dlst., 111.. 8
Twp. Soh. Dla.,
1934
1908-1920
Price,
$250,000 104
25,000 10001
1908 1907
26,000
101-673
108-91
226.. College
Ohio
OnnniDgbamSch.
Wash
227.. Eagle Bend Soh.
No. 73, Minn
519..
36, Idaho
Eveleth. Minn
Jewett, Minn
LikfUnd, Fla
20,030
119141924
5,000
100
8
11914-1919
8,000
100
8
tl914
1906
1905
11904
5
Dlst.
227.. Emmett Soh. Dlat. No.
227.
284.
227.
229.
281.
232.
1908-1914
4^
Dlst.,
Ovid Sch. Dlat., NY..
Utloa (O) Sch. Dlst....
Weat Ridge way, Ohio..
8
6
6
4
6
6
1924
1923
1914
1924
1905- 1924
1905- 1911
1906- 1910
1,500 100
50.000 100
2.000 100
35,000 101
20,000 102-50
7.000 105
2,500 100-20
Total additional sales for June
$451,000
These additional issues, after deducting the Woodbary, N.
J., issue referred to above, will make the total sales (not including the temporary loans) for June 1904 $25,840,509.
Te-LM.— Constitutional Amendments, — Hon. J. R. Curl,
Secretary of State, is publishing notices of three proposed
amendments to the State Conetitntlon to be submitted to a
vote of the people at the coming getiorftl election. The first
of these amends Section 16 of Article 16 by providing for the
incorporation of State banks. This amendment is referred to
—
:
:
THE CHRONICLE.
64-2
among oar "Bank Items" elsewhere. The second amends
Section 52, Article 8, by permitting Jegielatlon in aid of internal Improvements. If the amendment carries, the sectlon will read as follows:
Section 52.— The LeKtHlataro shall have no power to aathorize any
county, olty, town or other political corporation or eub-dlvlelon of the
State to lend Us credit or grant pablio morey or thing ot valae In aid
of, or to any Indlvldnal, assoclat'on or corporation whiktaoeyer, or to
become a stockholder In each corporation, asBuclatlon or company
[provided, however, that under legislative provision any county, any
political subdivision of a county, any number of adjolnlDg ooantles,
or any political subdivision of the State, or any defined district now
or hereafter to be (^escribed and defined within the State of Texas, and
which may or may not Include towns, villages or municipal corporations, upon a vote of a two-thirds majority of the resident property
taxpayers voting thereon who are qualified electors of such district or
third proposed amendment relates to the
pensions to Confederate soldiers.
payment
[Vol. T.TTiT.
Boston, Mass.— Bond 8ale.—An issue of $7,000 3^<
bonds for various mnnlolpal purposes has been sold to tbe
Teachers' Retirement fund at par. Bonds are dated July 27.
19P4, and will mature Jan. 1. 1924.
Brandon, Wis.- Bond Sale.-On July 30 $8,CO0 5% gasplant bonds were awarded to F. R. Foster & Son for $6,091.
Denomination, $1,000.
Date, Aug. 1, 1904. Interest annually on January 10.
Maturity, $1,000 yearly on Jan. 10, from
1905 to 1910, inclusive.
Brevard, N.
Bowd« Not Yet Bo/d.— The $25,0C0
C—
H
aO-
year street, waier and sewer improvement bonds which this
town has been offering for sale have not yet been disposed of.
A. K. Orr, Town Secretary, will consider bids for same at
any time.
territory to be aflected thereby, in addition to all other debts, may
issue bonds or otherwise lend Its credit In any amount not to exceed
one fourth of the assessed valuation of the real property of such district or territory, except that the total bonded Indebtedness of any
olty or town shall never exceed the limits Imposed by other provisions
of this Constitution, and levy ana collect such taxes to pay the Interest thereon and provide a sinking fund for the redemption thereof, as
the Legislature may authorize, and la such manner as It may authorize the same, for the following purposes, to wit:
(a) The improvement of rivers, creeks and streama to prevent overflows, and to permit of navigation thereof or irrigation thereof, or in
aid of such purposes.
(b) The construction and maintenance of pools, lakes, reservoirs,
dams, canals and waterways for the purposes of irrigation, drainage
or cavlgatton or in aid thereof.
(c) The construction, maintenance [and operation of macadamized,
graveled or paved roads and turnpikes, or In aid thereof ]
Portion marked with brackets [] constitute new matter.
The
,
'
Brownwood
(Tex.) Scliool District.— Bonds Fofed.— This
district on July 16 voted to iseue $8,500 5j{ 20 40-year (optional) bonds.
Buffalo, N. Y.— Bond Sate.
July 29 the $288,485 86
bonds described in V. 79, p. 282. were awarded as follows
$60,000 i% 2-year registered grade-crossing bonds to the Erie
County Savings Bank of Buffalo at 10094; $83,485 86 3i^« 20year registered grade-crossing bonds to Blake Bros.
Co.,
York, at 100-86; $100,000 i% 1-10 year (serial) registered
-On
:
&
New
non-taxable refunding water bonds to the Erie CDunty Savings Bank of Baffalo at 102-48; $25,000 4^ semiannual 1-10year (serial) registered water bonds to the Erie County Savings Bank, Buffalo, at 102 48. Following are the bids
teO.OOO
of
OradeCrossing.
Erie County Savlnes Bank, Bjoflalo... 100-a*
Blake Bros. & Co.. New York
100-27
R. L. Day & Co., New York
Bond Proposals and Negotiations this
Parkinson
Dollar
&
Dime
$83.485 86
$100,000
Orade-
Rffunding
Water.
Cros*ing.
lOO-oo
100-86
102 48
108-42
108-061
$26,000
Water
B
nds,
10248
102 48
102-051
100-788
100-75
Burr, Boston
8av. Bank (for $20,000)
lOO'Sl
Kountze Br«s., New Yorb
week tave been as follows:
100-06
Philip Becker estate (for $50,000)
Aberdeen, Harfard Co., Md.— Bond Q^ering.— Proposals
BarliDgton, Iowa.— Bond Bate.— On July 18 $40,000 4«
will be received until 12 M. to-day (Aug. 6) by the Commis- refunding and $80,000 i% funding bonds were awarded to
sioners of Aberdeen for |7,000 5% electric>light bonds. De- the Merchants' National Bank of Burlington at 100*666 and
blank bonds. Denomination, $1,000. Date, Aug. 1, 1904.
semi-annual. Maturity, Aug. 1, 1924.
Cambridge, Mass.— Bond Ordinance Defeated, At a meeting of the City Council on Aug. 2 a proposed loan of $250,000
for water improvements was defeated.
Cameron, Mo.— Bond Sate. -On July 26 $53,000 5% waterworks bonds were awarded to the First National Bank of
Cameron for $53,300. Denomination, $100. Date. Dec. 1,
1904.
Interest, semi-annual.
Maturity, Bac. 1, 1924, enb*
nomination, $500. Date, July 1, 1904. Interest, semi-annually at the First National Bank of Aberdeen. Maturity,
July 1, 1924, subject to call after July 1, 1919. Bonds are
exempt from county and municipal taxation. Certified check
for 125 for each $1,000 of bonds bid for, payable to the Commissioners of Aberdeen, required.
AUeglieny, Pa. Bond Sale. The ordinance providing for
the issuance of the $40,000 i% registered electric-light-plant
bonds referred to in last week's Chronicle provides that the
bonds be purchased at par by the city sinking funds as an
investment. Deromination, $1,000. Date, Aug. 1, 1904. Interest semi-annually at the office of the City Comptroller.
Maturity, $4,000 yearly on August 1 from 1909 to 1918, in-
Interest,
—
ject to call after Dec.
election held
:
I
A. Kean, Chicago
lOfOO
Wllson,Col»ton & Co., Baltimore
S.
103-00
(tor |iOO)
!
Angnsta (Me.) Water District.—Bond C>^ertngi.— Furcher
details are at hand relative to the offering oa August 10 of
$460,000 4% gold vpater bonds. Proposals for these bonds will
be received until 5 p. m, on thwt day by George E. Macomber,
Treasurer. Securities are part of an issue of $700,000. Denominations, $500 and $1,000. Date, Aug. 1, 1901. Interest
semi-annually at the National Exchange Bank of Boston.
Maturity, Aug, 1, 1934. Legality of bonds has been approved
by Heath & Andrews, attorreys-at-law, of Augusta.
Baraboo, Wis.— Bond Sale— On July 26 $110,000 i% waterworks-purchase bonds were awarded to Mason. Lewis & Co.,
Chicago, at 101*409. Denomination, $500. Date, July 1,
1904.
Interest annually oa July 1 at the office of the City
Treasurer. Maturity yearly on July 1 as follows
$1,C00 in
:
1907; $4,000 yearly from 1908 to 1912, inclusive; $7,000 yearly
from 191 3 to 1919, inclusive, and $8,000 yearly from 1920 to
1924, inclusive.
liatesbarg, S. C.—Bond Sale,—
are advised that as
none of the bids received on August 1 for the $20,000 6% light
and water bonds described In V. 79, p. 282, were above par,
the bonds will be taken at par by a local party, who will hold
them until the town can dispose of them at a higher figure.
Baxley, Appling Coanty, Gto.— Bonds Voted,— By a vote of
70 to 13, this town on June 15 authorized the issuance of
$6,000 8^ 30-year school-house bonds. Date of sale not yet
We
30, 1904.
$5,000 1-5-year (serial) Maple Avenue bonds of $1,000 each at not ezceedlna
b% Interest.
3,000 1-5-year (serial) East Tuscarawas Street sanitary sewer bondiof$600
each at not exceeding 5$ interest.
2,0001-6 year (serial) East Lake Street sanitary sewer bonds of $4C0 each at
not exceeding 6i interest.
95,000 Sewer District No. 8 bonds of $1,000 each at not exceedlnif 5% Interest.
Maturity, »«.cou yearly from 1906 to 1910, Inclusive, and flO.OOt yearly
irom 1911 to 1916, Inclusive.
lOO.OCO water- works improvement bonds of $1,000 each at not exceeding i% Interest, Maturity. $25,000 in each of the years 1921, 1922, 1986 and 1927.
16,000 10-year refunding bonds at not exceeding 6% interest.
—
I
June
Canton, Ohio.— Bond Q^eringf.— Proposals wUl be received
until 12 M., August 29, by Armstrong Ashbrook. City Auditor, for the following bonds
&
Son., Balti..l08"67
1909.
forms us that no action has yet been taken looking to the
issuance of the $80,000 academy-building bonds voted at the
Ailentown (Pa.) School Dl»tTict.— Temporary Loan,—
This district has borrowed $12,970 for one year at 4^ from the
Lehigh Valley Trust
Safe Deposit Co., to pay for the reconstruction of the Eighth Ward School building.
Anne Arandel County (Md.) School District.— Bond Sale.
On August 2 the $15,000 6% school bonds described in V.
79, p. 232, were awarded to the Annapolis Savings & Trust
Co. at 110'07.
Following are the bids
Annapolis Sav. & Trust Co
IIO'OT
Hambleton & Co.. Baltimore... 105 '568
Baker. Watt? & Co., Baltimore. 10«-876
B.C. StanwoodA Co., Boston.. 106-17
1,
Canandaigna (N. T.) Union Free School District.— iVo
Action Taken to Issue Bonds.— ¥. J. Sleght, Secretary, in-
clusive.
Townsend Scott &
—
are dated Aug. 15, 1904, except the
which is dated July 15, 1904. InterAccrued interest to be paid by purchaser.
est, semi-annaal.
Certified check on some bank in Canton for 5^ of the amount
All the above bonds
$16,000 refunding issue,
'
of bonds bid for, payable to the City Treasurer, required.
Successful bidders will furnish blank bonds.
Carthage, N. Y.—Bond Offering.— PioposaAs will be received until Aug. 30 for $8,000 i% cement sidewalk bonds.
Maturity, $1,000 each >ear after 1909, Bonds were authorized at an election held July 19 by a vote of 73 in favor of to
13 against the proposition.
Carthage (111.) School District— Bond OJTerinflr.— Proposals will be received until 8 P. M., Aug. 12, by Thos. F.
Dunn, Clerk Board of Education, for $18,000 6^ coupon high
ecbool-building beads. Denomination, $500. Daie, May 16,
Interest, annually on May 16 at the Commercial Na1904.
tional Bank of Chicago. Maturity, $2,000 yearly on May 16
from 1906 to 1914, inclusive. Authority, vote 302 to 55 at
election held May 14, 1904. Bonded debt, including this issue,
Assessed valuation 1903, $440,318; real value abont
$22,000.
$2,238,710.
Cartilage (N. Y.) School District.- Bonds Defeated,— At
an election held August 2 the question of issuing $40,000
high-echool-bullding-addltion bonds failed by a vote of 85 for,
determined.
Bellevae, Iowa —Bond SaZe.— This city has sold to locil to 118 against.
Celina, Ohio.— Bond SaZe.— On July 36 the $22,000 5i 1-10investors en issue of 44,500 5% refunding water bonds.
Belmore (Ohio) School District.- Bond Sale.—Oa July 28 year (serial) Main Street improvement bonds described in V.
awarded to W. J. Hayes
Sons, Cleveland,
$7,000 51 8i5bool bonds were awarded to Rodgers & Sons, 79, p. 169, were
Chagrin Falls, at 102 185 and inttrest. Following are the at 102-30.
Chester County (P. 0. Chester), S. C.—Bond Offering.—
bide:
Rodeers & Sons, Cbas. Falls. .VT.lSS 00 Harden, Miller & Co.. Cleve.. .$7,070 00 Proposals will be received until 12 M., December 5, by the
&
i
LamDreoiitBro*.& Co., Cleve. 7,160
Oi>
I
Denomination, $500. Date, July
annually at the Bank of Leipsic.
Bonded
Interest semiMaturity, $5'J0 yearly.
28, 1904.
debt, this issue.
filoomdale (Ohio) School District.— Bond Election.— An
election will be held Aug. 8 to vote on the question of issuing
$l,liOO sohool-improvement bonds.
County Board of Commissioners for $75,000 i}4i coupon refunding Cheraw & Chester RR. aid bonds. Date, February
Denomination, $500 or $1,COO. Maturity, February
1, 1905.
These bonds will
1, 1930, subject to call February 1, 1920.
be exempt from all State, county and municipal taxes, and
are the only debt of the county. Authority, Act of General
Assembly approved February 18, 1804 (Vol. 24, Stat. 607).
—
Aug.
6,
:
:
THE CHRONICLE.
1904.]
A certified check for $1,000, payable to the
order of Jno. O.
Darby, County Supervisor, required. Bonds will be delivered on January 31, 1905. Bids should be addressed to John
0. Darby, County Supervisor, Chester, S. C.
Chicago.IU.— Bond S'aie.— On August 1 the |5,000,000 4!«
goJd permanent-Improvement bonds described in V. 79, p.
326, were awarded, $3,000,000 to be delivered Oct. 1, 1904. to
Co,, Chicago, at 101 673, and $3,000,000 to
Farsofl, Leach
be delivered Oct. 1, 1906, to the Chicago Savings Bank, the
Co. at their
Western Trust & Savings Bank and R. L, Day
joint bid of 100*581. Followicg are the bids
&
&
• $3,000,000
+ 12.000,000
Bonds.
Sonds.
|8,C60.197
Farson, Leach & Co., Chlcafjo
Western Trust & SavinKs Bank. Chicago Savings
8,034.230
Bank and R. L. Day & Co
8,088,800
N. W. Harris* Co., Chicago
.\038,»e0
Merchants' Loan & Trust Co
3,028,110
N. W. Halsey & Co., Chicago
•
To be
delivered Got.
1,
1904.
+
To be delivered
Oct,
$2.0j6,400
2,011.620
2,002,200
643
A
Cuyahoga Falls, Ohio.—Bond Election.— special election
will be held August 80 to vote on the question of issuing $80,two-thirds vote is
000 sanitary- sewerage-system bonds.
necessary to authorize.
Dallas, Tex.— Bond« Authorized,— The issuance of $30,000
A
school bonds has been authorized.
Dansville, N. T.— Bonds Fofed—This village on Aug. 1, by
a vote of 2 '8 to 82, authorized the issuance of $95,000 sewer
bonds. Denomination, $3,800. Date, Oct. 1, 1904, Interest,
semi-annual. Maturity, $3,800 yearly on Oct. 1 from 1909 to
1933, inclusive. Date of sale not yet determined.
Burr
Dayton, Ohio.— Bond Sale,— On July 30 Parkinson
of Boston were the successful bidders for the $48,000 i%
street-repair bonds, while Denison, Prior
Co. of Cleveland
and Boston obtained the $20,000 i% storm water-sewer bonds
and the $20,000 4^ fire-cistern bonds. Following are the bide:
&
&
t20.000
1. 1606.
—
Chickasha, Ind. Ten— Bond Election. The Mayor has issued a proclamation calling a special election September 2 to
vote on the question of issuing $32,000 bonds to retire outstanding indebtedness.
Chllllcothe, Ohio.— Bond Offering.— F. A. Stacey, President of the Trustees of the Sinking Fund, will receive bids
until 12 M,, August 10, for the following bonds now held in
the fund as an investment:
$18,700
——
Street improvement No. 3 bondi. Denomination, 87 of 8500
»200. Date. May 4, 1904. Maturity, May 4, 1914, subject to
call three bonds yearly.
4K< Second
and one of
Denison, Prior & Co.. Cleve.
Parkinson & Burr. Boston
*
Storm-ivater-seteer.
$20,362 76
20,362 80
Bost.
. .
R. L.Day & Co., Boston
Blodpet, Merrltt & Co., Boston
W. J. Hayei * Sons, Clevelapd
Davton Savings & Trust Co.
Seasongood & Mayer, Cincinnati
Albert Kleybolte* Co., Cincinnati...
City National Bank. Dayton
Lamprecnt Bros. * Co., Cleveland....
See V.
20,85780
20,30880
20,80600
20,2«800
20,277 00
$20,000
Fire-cistern.
J20,862 75
20,362 20
20,357 80
20,808(0
00
00
00
00
20,16000
20.144 00
47,02000
20,316
20,888
20,277
20,200
46,889 40
46,we0 48
46,576 00
20,200 00
20,16000
20,144 00
79, p. 116, for description of
t4S,000
St -repair.
$47,154 80
47,200 60
47,172 64
47,12240
46,679 69
bonds.
Defiance, Ohio.— Bonds Not Sold,— The following bids,
neither of which was accepted, were received July 37 for the
§105,000 4^ bridge bonds described in V. 79, p. 169
Par
Union Sav. B'k & Tr. Co.. Clncln. t Par
Well. Roth * Co., Clncln.
:
.
|
Certified check
on a national bank for 2% of the par value
*
of the bonds bid for required.
Less $3,8C0 for attorney fees,
t
Less |3,900 for attorney fees.
Delano, Minn. Bond Sale,— We are advised that the
ChlppewaCounty, Mich.— Bond S'aZc- On July 16 N. W.
Harris & Co., Chicago,were awarded $15,000 4^bridgfi bonds, $4,800 street improvement bonds and the $1,200 village-halldescribed in V. 78, p. 2399, for which proposals
atl02'193. Denomination, $ I, COO. Date, June 1, 1904. In- repair bonds
were asked until June 25, have since been awarded to the
Maturity, June 1, 1919.
terest, semi-annual.
Minnesota Loan & Trust Co., Minneapolis, at par for 5 per
Proposals will be re- cents. The $1,600 refunding park bonds offered at the same
ClarkSYille, Tex.— Bond Offering
ceived until Sept. 1 by John M. Butcher, City Treasurer, for time have not been disposed of.
Denison, Iowa.— Bortd Sale.— Oa Aug. 1 $20,000 ii refund$30,000 i% water-worbs bonds. Securities are dated July 1,
ing bonds were awarded to E. H Rollins & Sons, Chicago,
1904. Interest annually on Jan. 1 at the office of the State
—
Maturity 40 years, subject to call one-half after
ten years and the remainder after twenty years. Certified
check for 5% of bid, payable to John M. Batcher, City TreasTreasurer.
urer, required.
1,
Wa.— Bond Sa^.— The $20,000
5% 30-year light and
offered without success on March 7 have been
sold at 104, according to reports, See V. 78, p. 782, for description of bonds.
Douglas,
Under the law, the State Permanent School water bonds
Fund has
the right to take these bonds at the highest rate
debt*, includiug this issue, $39,500
no floatiog
debt. Assessed valuation 1903, $1,406,000.
movement is
on foot to extend the corporate limits of the city, which will
materially increase population and taxable values.
The official notice of this bond offering ivill be found among
the advertisements elsewhere in this Department.
Clebarne, Texas. Bond Election Not Legal.—
are advised that an election was recently held in this city to vote
on the question of iseuing $26,000 6% street- improvement,
fire-station and city-hall bonds.
It has since been found
that this election was not legal and another will have to be
ordered, but, our informant adds, "it is not likely to carry
again, therefore may not be ordered for several months or
bid.
and interest. Danomination, $1,000. Date, Sept.
1904.
Interest, semi-annual.
Maturity, $5,0C0 Sept. 1,
1914, $5,000 Sept. 1, 1919. and $10,000 Sept. 1, 1924.
at 100*625
Bonded
;
A
We
years."
Collingswood, N. J.— Bond Sale.—It is stated that the
$150,000 i% 80-year street and sewer bonds offered but not
sold on May 2 have been placed. See V. 78, p. 1511, for description of bonds.
Colnmbas, Ohio.— Bond Sate.— On July 28 the Trustees of
the Sinking Fand sold to Lamprecht Bros. & Co. of Cleveland an issue of $122,030 i% electric-light bonds for $124,466 80. The following bids were received :
Dover Township, Shawnee County, Kan.—BoTida Voted.—
At the election held August 2 $17,000 5% 20-year bonds in aid
of the Topeka Eskridge & Council Grove loterurban Railroad were authorized by a vote of 71 to 4, Date of sale not
yet determined.
Edgewater, N. 3.— Bond Sale,— Thia place, it is stated, has
sold an issue of $35,000 i^i borough'-haJl bonds to the
Palisades Trust
Guaranty Co. of Englewood.
Edna School District, Jackson County, Tex.— Bonds Not
Yet Sold.—
are advised that the $12,500 5% bonds
mentioued in V. 78, p. 1459, have not yet been placed.
Elmo (Tex.) Independent School District— Bond Offering,
—Proposals will be received until 3 p. m. to-day (Aug. 6)
by the School Board, F. A. Bonnett, Secretary, for $4,000 4^
building bonds. Denominations, $500. Date, July 1, 1904.
Interest, annually in Terrell or in Austin.
Maturity, July 1,
1944, subject to call after July 1, 1914.
The above Issue will
represent the only bonded debt of the district. Assessed
valuation, $124,000.
Erie (Pa.) School District.— Bond 9a;e.—0a July 28 the
$75,000 ii 11 20-year (serial) coupon bonds described in V. 79,
p. 170, were awarded to Lamprecht Bros.
Co., Cleveland,
at 105'56 and interest.
Following are the bids
Lamprecht Bros.*Co..Cleve.|70,l06 25 N. Holmes * Sons, Pltt8b'g..$77,«85 00
Security Sav. *Tr. Co., Erie. 79,020 00 rarson. Leach & Co.. N. t... 77.80260
Fuller, Parsons * Snyder,
N. W. Harris 4 Co., N. T.... 77,085 00
&
We
&
:
|
LamprechtBro8.&Co.,Cleve. 9121.46060 Denison, Priori Co., OleveNew Ist Nat. B'k. Columbus. 123,376 00
land and Boston
$123,0?5 60
W.J.Hayes* Sons.Cleve.. 128,2i6 00 E. H. Rollins* Sons, Chic. 122,970 00
BeasouKood * Mayer, Cln... 128,988 20 Cincinnati Trust Co
122.670 CO
i
I
I
I
1
Cleveland
Denison. Prior
I
This issue of bonds is not a new one, but one held in the
sinking fund as an Investment, They are dated Jan. 1, 1903,
and mature Jan. 1, 1933, subject to call after Jan. 1, 1918.
Bonds Authorized,— The City Council on July 25 passed an
ordinance providing for the issuance of $35,000 4^ coupon
levee bonds. Denomination, $1,000. Date, not later than
Sept. 1, 1904. Interest, March 1 and September 1 at the
ofifice of the City Treasurer.
Maturity, Sept. 1, 1931, subject
to call after Sent. 1, 1914. Authority for issue, Sections
2885, 2836 and 2837, Revised Statutes of Ohio.
Bonds Proposed,— The Water- works Committee of the
City Council has voted to approve a resolution providing for
submiseion to a vote of the people of a proposition to issue
$1,200,(100 filtration-plant bonds.
Bond Sales.— The sinking fund has nurohased at par and
interest the following bonds
:
•17,000 i% HtoraKO-dam bonds, dated Feb 87, 1904, and matnrlne April 1, 1034,
optional. April 1, 1914,
10,000 i% First ATcnue bonds.
1
8,000 4« Lafayette Street bonds.
6 000 4« Ninth Avenue bonds.
Date of Issues, Dec. 6. 1003. Maturl.SOD 4J Monroe A venue bonds.
Mty, March 1. 1915. optional March 1,
5,000 4% KlKhtecnth Street bondi.
IbOO.
1,000 *% Seventh Avenue bondH.
1,500 it Seventeenth Street bonds J
lO.COO 4% Broad Street b nds, dated Feb. 1, 1904, and maturing March 1, 1916,
optional March 1, 1006.
I
I
:
*
land* Boston
Hayden, Miller * Co., Cleve.
Municipal Corporation Sec.
78,827 60
Co., Pittsburgh, and Chas.
78,176 001
Messenkopf, Erie...
78,012 00 A. Kleybolte * Co.. Clncln. .,
77,780 00 Union Sav. Hk. * Tr. Co., Cln.
77.686 7» Brie Trust Co., Erie
78,760 00
Co.. Cleve-
R. Kleybolte&Co.. Clncln....
Mason, Lewis *.Co., Phlla...
W.J.Hayes*
Sons. Cleve...
Konntze Bros., New York...
76,44000
|
I
76,36100
70,186 00
76,880 00
7S.0O00O
I
I
Farmiogton, 111.— Bond Sale.—Oa August 1 the $9,500
6% coupon refunding bonds described in V. 79, p. 283, were
awarded to N. W. Harris & d,, Caicago, at 10521 and Interest.
Following are the bids
N.
W.Harris &
A.
C.
:
Co.. Chicago. .|e,0H5 03 A. Kleybolte * Co., Clncin....f0.848 00
Steonburg &:ro., Farm'n 9,067 00 C. H. Coffln. Chicago
9.833 00
Geo.M. Brinkerhoff, Sp'gf id. »',937 05 8. A, Kean, Chicago
9.804 00
W.J. Hares* Sons. Cleve ... 9,000 00 B. H. Rollins * Sons, Chla... 9,76125
Thos. J. Bolder * Co., Chic... 9,876 00 John Nuveen & Co., Chlwwo.. 0.71500
Am. Trust * Sav. Bank, Chic. 9.876 00 Browne-Elllnwood Co., Chic. 9,883 00
I
1
i
|
Franklin, Ind.
.
Bond 0^e7*ing.— Proposals will
be received
until 7:30 P. M., August 9, by Arthur R Owens, City Clerk,
for $9,000 8%% coupon school-repair bonds.
Denomination,
$500. Date, Aug. 1, 1904. Interest semi-annually at the office
of the City Treasurer.
Maturity, $500 yearly on August 1
from 190fl to 1923, inclusive. Bonis are eaempt from all
taxes.
Bonded debt, including this issue, $40,000. Assessed
valuation, $2,640,380.
Fredonia, N. Y.—Bond Sale,—Oa August 1 the $18,000 4X
1-10-year (serial) gold registered street-improvement bonds
described in V. 79. p. 520, were awarded to the Amsterdam
Savings Bank at 101-80 and interest. Following are the bids:
Amsterdam Savings Bank
10V30
Qeorito M. Hahn, New York....l00"13
|
Copley TowDship School Dlgtrlct, Sammit County, Ohio.
Bond SaZe.— On July 5 the $10,000 5j{ coupon school-bnilding bonds described In V. 78, p. 2454, were awarded to Rjdgers & Sons, Chagrin Falls, at 102 27.
—
a.
A. Kean.Chloairo
10060
|
Fremont, Ohio.— Bond OjTering.— Propo.'^als will be received until 12 M August 16, by the City Auditor, for the
following bonds
,
—
THE CHRONICLE.
644
Htnte Street paTicK bonds. Denomination, la.^eo, azcept
fli;.
Maturity, |S,700 each six oiouths from
I, 1014. Inclusive, and t2,U08flO un Oct. 1, 1014.
6,144 80 iit% West State Street sewer bonds. Denomination, 1250, except
one bond for 9^04 80. Maturltr, t)i50 each six months from April 1,
1(K)5, to April 1, 1014, InclUHive, and «301 »0 UcU 1, 1014.
•65,842 60
4^< Weit
one bond for f2,M03
April
1,
190A. to April
Both iseuee are dated Aug, 16, 1904. Interest, Bemi annual.
Accrued interest to be paid by purchaser. Certified check
for lOiiJ of the amount of the bonds bid for, payable to the
City Treasurer, required,
Fostoria, Ohio.— Bond* Authorized.—The City Council on
July 26 passed an ordinance providing for the issuance of
$12,867 43^ refunding bonds. Date, Sept. 1, 1904. Interest,
semi-annually at the National Park Bank, New York City.
Maturity, Sept, 1, 1923.
Frio County, Texas.— Bonds Registered and Sold.— Oa
July 28 the State Comptroller registered |15,000 i% 10-40 year
(optional) and $15,000 6% 10-40-year (optional) court-house
bonds, dated May 9, 1904. The i% bonds have been purchased
at par and interest by the State Permanent School Fund and
the 6% bonds were taken by Frio County for the county
school fund.
FaltOD County, N. Y.—Loan Negotiated.— This county has
negotiated a loan of $25,000 with the Amsterdam Savings
Bank for the improvement of the jail. Loan will mature
one-third Feb. 1, 1905, one-third Feb. 1, 1906, and one-third
Feb. 1, 1907.
Qalnesville, Texas.— Bonds Registered.— The State Comptroller on July 28 registered $7,000 5% 10-40 year-(optional) refunding street-construction bonds dated July 1, 1904.
Gardner, Mass.— iVofe Offering —Proposals will be received
until 6 p. M August 13, by John D. Edgell, Town Treasurer,
for $25,000 i% school-house notes. Diite, June 1, 1904. Denomination, $1,250. Interest semi-annually at the First National Bank of Gardner. Note No. 1 will become due Dae. 1,
1904. The balance of the loan will mature one note yearly
on June 1 until all are paid, Accrued interest is to be added
to all bids.
Bond Sale.— Oa August 1 the $15,000 4^ coupon sewer
bonds described in V. 79, p. 283, were awarded to Geo. A.
Fernald & Co., Boston, at 106*086 and interest. Following
are the bids
,
:
Oeo. A. Fernald & Co., Boston.. 106 036
H. H. Rollins & Sons, Boston... 106*037
H. H. Gay &Co., Boston
lOS-aO
liawrence
Bamum & Co.,N. Y..104'e4S
I
|
Blod«ret,Merrltt& Co.. Boston. 104'62
Merrill,
Oldham & Co., Boston. .104*846
S A. Kean.Cbicago
101*60
[Vol. Lxxix.
Bond Election.— The question of idBuing
and $100,000 school-house bonds will be sub-
Houston, Texas.
$150,000 sewer
mitted to a vote of the people.
Irrlngton, N. J.— Bond Sate,— The Town Council has
awarded to H. M, Grant & Co,, New York City, an issue of
$81,000 sewer bonds,
JtffersoD, Tex.— Bond Q^erinflf —Proposals will be received until 4 p. M Aug, 10, by J, H. Rowell Sr., Mayor, for
$12,500 5% coupon water-works bonds. Denomination, $500,
Interest annually at the Seaboard National Bank, New York
City,
Maturity, June 30, 1944. Certified check for J250 payable to J, H. Rowell Sr., Mayor, and drawn on a State or
national bank required with bids,
Jenklutown (Pa.) School District.— Bond Sale.— Oa July
20 the $24,000 4>^« 5 30-year (optional) school bonds, described in V. 79, p. 227, were awarded to the Jenklntown
National Bank, at 102 25,
Kankakee, 111.— Bond Sale.—Oa Jnly 16 $34,000 i}4i bridge
bonds were awarded to N, W. Han is & Co., Chicago, at
106 832, Following are the bide:
N.W. Harris & Co., Chicago. .|3fi,823 00 Seasongood & Mayer, Cln
986,808 25
N. W. Halsey 4 Co., Chic
38.006 00 Trowbridge 4 NlTer Co. .Chic. 85.617 00
Farson, Leach & Co. .Chicago. 86,901 00 W, J. Hayes 4 Sons. Cleve.
35.0e^e 00
,
.
John O'Brien, Boston
Browne-ElUnwood
35,900 00
Co.,
.
Chic
35,017 00
& Co.. Chicago, 35,869 00 C.McClay Bunting, Kankakee 34,650 00
Date, Aug, 1, 1904. Interest semiDenomination, $1,000,
annually at the First National Bank of Kankakee, Matur*
ity, $5,000 yearly on Aug, 1 from 1915 to 1920, inclusive, and
$4,000 Aug. 1, 1921, Purchaser furnishes blank bonds free
Mason, Lewis
of charge,
Kearney, N. 3.— Temporary Loan.— The Town Council has
authorized a loan of $20,000 in antioipation of the collection
of taxes.
We
are advised
Keith County, Neb.— Bonds Not Sold,—
that $15,000 ^% bridge bonds offered for sale by this county
on July 26 have not yet been disposed of. Date, July 1, 1904,
Interest, semi-annual.
Kissimmee City, Fla.— Bond O^ertng.— Proposals will be
received until 12 m,, Aug. 15, by J. R. Gilbert Jr,, City
Clerk, for $7,000 gold electric -light bonds at not exceeding
0% interest. Denomination, $500. Interest annually at the
office of the City Treasurer.
Maturity, 1921, Bonded debt,
not including this issue, $5,000,
Assessed valuation,
$264,000,
—
Lakewood, Ohio.— Bond Offering. Proposals will be reGaylord (Mich.) School District— Bond Sale.— We are ceived until 12 M,, Sept. 3, by Henry J. Sensel, Village
advised that arrangements have been made with local banks Clerk, for $6,828 44 5;^ Granger Street improvement bonds,
to take the $8,000 school-house bonds voted at the election maturing yearly on Oct. 1 as follows: One bond, $328 44, on
held May 3.
Oct, 1, 1905; two bonds, $500 each, in 1906 and in 1907; one
Greenvrood, Miss.— Bonds iVb< SoZd,— We are advised that bond, $500 each, year 1908 to 1912, inclusive; one bond,
all bids received on Aug, 2 for the $123,000 55^ sewer, water- $1,000, in 1913 and also in 1914.
Bonds will be dated day of
works and electric-light bonds described in V, 79, p. 170, were sale. Interest semi-annually on April 1 and October 1, Cerrejected, and that the securities will be re-advertised.
tified check on a Lakewood or Cleveland bank for 10^ of
Hastings (Neb.) School District.—Bond Sate.— On July 80 txjnds bid for, payable to the Treasurer of the Village of
the $40,0L0 ^14% 10-20-year (optional) high school-building Lakewood, required. Purchaser must pay accrued interest.
bonds described in V. 79, p. 233, were awarded to Noble,
Leavenworth (Kan.) School District.— Bond Sate.— We
Moss & Co. of Detroit at 103'625 and interest. Following are are advised that the Board has now sold at par the entire
the bids
|
:
I
|
Henry County
(P. 0. Napoleon), Ohio,— Bond Sale.—Oa
2 the eight issues of 4>^^ coupon road bonds, aggregating $58,000, were awarded to Ddnison, Prior
Co, of
Cleveland and Boston for $54,116 50 and accrned interest.
See V. 79, p. 227, for description of bonds.
Homestead, Pa.— BjndSaZ i.
Aug. 1 the $25,000 4i4!«
water and the $30,000 43^^ building coupon bonds, described
in V. 79, p. 283, were awarded to the Lamprecht Bros.
Co.,
Cleveland, at 107*201 and accrued interest. Following are
the bids:
Lamprecht Bros. 4Co.. Cley.|58.961 00 W. R.Todd St Co.,Clnclnnatl.$57.766 00
August
&
—On
&
1
Cincinnati Trust Co., Clncln.
Hayden, Miller & Co., Cleve.
N. Holmes & Sons, Chicago..
Well, Roth & Co.. Clnoin
of $60,000 i% 1-30 year (serial) high-school bonds referred
to in the Chronicle Nov. 7, 1903, the State purchasing $47,000 of the amount offered. These bonds were not sold in one
isfcue
Noble, Moss & Co., Detroit.. .941.060 00 Mason. Lewis & Co., Cblo..... 910,800 00
Albert C. Case, New York.... 41,000 00 John Dale, Omaha
40,260 00
68,8a3
59,030
67,864
57,83a
00
BO
50
50
|
i
N. W. Halsey 4 Co., Chic... 57,619 00
Kleybolte & Co.. Cincinnati.. 67,475 00
N. VV. Harris & Co., Chicago. 67,l!87 00
lamp sum, but were issued from time to time as the money
was needed for the improvement. By this method, our informant adds, the district realized a profi.t of $1,920, thus
securing a total of $61,920 for the building fand.
Lincoln, Neb.— Bond Sale.— Aa issue of $130,000 6% 1-10year (serial) refunding paving bonds, bids for which were
opened on July 25, have been awarded to Albert C, Case, of
New York City, at 103'52. Denomination, $l,O0C. Date,
Aug. 1, 1904, Interest semi-annual,
Lisbon, Oblo.—Bond Sale.-Oa Aug. 1 the $3,838 40 6j
1-10-year (serial) paving bonds described in V. 79, p. 228,
were awarded to the People's Savings & Loan Association
for $8,600 and interest. Following are the bids
:
I
Homestead (Pa.) School District.— Bond 0#erinflr.— Proposals will be received until 7:30 P. m., August 15 (time extended from Aug. 1), by J. H. Williams, Secretary, for $28,OOO i% coupon bonds. Denomination, $1,000. Date, July 1
& Loan
Ass'n...93,fl0O 00
W.U. Todd 4 CO., Cincinnati.. 8.628 40
Seasongood 4 Mayer, Clnoin.. 3.493 00
People's Say.
I
I
A. Eleybolte 4 Co.. Clncl a.... 98.406 73
Lamprecht Bros. 4 Co.. Clere. 8.46840
8,465 40
Firestone Bros., Lisbon
Los Bolsas Union High School District, Orange County,
Cal.—Bonds De/'ea^ed.— Tnis district on July 20 voted against
the issuance of $10,000 building bonds.
Lowell, Mass.- Bonds jfVoposed.— The issuance of $150,000
Maturity, $1,COO in the years 1906, 1907, 1909 to bridge and $40,000 sewer bonds Is being considered.
Lynchburfc, Ya.— Bond OJfmny.— Proposals will be re1920, inclusive; 1922, 1928, 1925 and 1929; $2,000 in the years
1931, 1924, 1926, 1927 and 1928.
Bonds are free from tax. ceived until 18 M., Aug, 30, by Jno, M, Otey, City Auditor,
Certified check on a national bank or trust company, pay- for $203,000 i% refunding bonds, Securities are dated Oct. 1,
able to the School District of the Borough of Homestead, for 1904, Interest, semi-annually on Jan. 1 and July 1 at the
5% of the amount of the bonds bid for required. Securities office of the City Treasurer. Maturity, Oct. 1, 1934. Certiwill be certified to as to gennineness by the United States fied check for 2% of the par value of the bonds bid for, payable to the Treasurer of the city of Lynchburg, required,
Mortgage & Trust Co., New York.
The offlcial notice of this bond offering willbe found among Bonds are exempt from all city taxes.
T%e official notice of this bond offering toill be found among
the advertisements elsewhere in this Department.
advertisements elsewhere in this Department.
the
Homestead Township, Barton County, Kan.— Bonds to be
Jssued.- This township will issue $19,000 5% bonds to refund
Madison County (P. 0. Anderson), Ind.— Bond Sale.—
the Q% railroad-aid bonds called for payment July 1. Denom- This county sold recently the $2,100 6% gravel-road bonds
ination, $1,000,
Interest, January and July,
Maturity, part offered without success on June 6.
yearly to 1916, H, H, Smith (P, O. Hoisington) is Township
Malheur County (Ore.) School District No. 8.— Bond
Treasurer.
Sale.—Oa July 27 the $5,000 5% 20 year school bonds described
Hor&eheads, Chemuag County, N. Y.—Bond Sale.—Oa in V. 79, p, 284, were awarded to Morris Bros. & ChristenJuly 30 the $46,500 i<i 1-30-year (serial) water-works bonds sen of Portland, Ore,, for $5,050, Bonda are dated Sept. 1,
described in V. 79, p. 284, were awarded to Isaic W. Sherrill 1904. A bid of par for bonds bearing 6jt interest was received
of Poughkeepsie at lOl'SS.
from the State Land Board.
1904.
Interest semi-annually at the First National
Homestead,
Bank
of
:
Aug.
THE CHRONICLE.
1904.]
6,
—
645
MariOD, Ohio.— Bond Sale.— On July 21 $6,000 5% sewagedisposal-plant bonds were awarded to the City National Bank
of Marion at par and interest. Securities are part of an issue
of $60,000, of which $54,000 will be offered in the future.
Denomination, |500. Date, April 1, 1904. Interest, March
and September. Maturity of bonds sold, Sept. 1, 1906.
Marlboro (N. Y.) Schodl District.— Bond Sa/e.— This district has sold an issue of |4,500 ii school- house-addition bonds
to Isaac W. Sherrill of Poughkeapsie at par. Denomination,
Date, July 1, 1904. Interest, semi-annual. Maturity,
$500,
$500 yearly, beginnicg in 19C6.
Medina Coantf, Ohio.— Bond Sale.—Oa July 16 $3,300 5%
Medina- Wayne joint county ditch improvement bonds were
awarded to the Medina County National Bank of Medina for
Denomination. $300, except one bond for |300. In$2,305.
Maturity, $200 Feb. 15, 1905, and $300
terest, semi-annual.
each six months from Aug. 15, 1905, to Aug. 15, 1908, inclu-
pany agreeing to pay interest on this loan at S}4i. Half of
the two hundred miles of this railway, it is stated, will be
in operation in October.
Oak Harbor, Ottawa Connty, Ohio.—Bond Offerinp.—
Proposals will be received until 13 m,, August 8, at the offise
of the Mayor, for $5,000 5^ Main Street bonds. Date, Aug.
siye.
Denomination, $1,000. Date, Sept. 1, 1904. Interest, semiannually at the Citizens' National Bank of Oberlin. A deposit of $100, either in cash or certified check on some bank
in Oberlin, required with bids for each issue.
Ocean Park Scliool District, Los Angeles Connty, Cal.—
Bonds Voted.— At a special election held July 25 this district authorized the issuance of |10,000 school-house and site
bonds.
Omaha, Neb.—Bond 0/eringr.— Proposals will be received
until 3 p. M August 10, by A. H. Hennings, City Treasurer,
for $75,000 i% coupon paving and $75,000 i% coupon sewer
bonds. Denomination, $1,00X Date, Aug. 1, 1904. Interest
semi-annually at the State fiscal agency in New York City.
Maturity, Aug. 1, 1934. Bids must be made on blank forms
furnished by the City Treasurer. Accrued interest to be
paid by purchaser, Certified check on a national bank for
5% of the amount of bonds bid for, payable to the Treasurer
Mohawk,
N.
Y.—Bond Sale.—Oa July
16 |12,000 1-24-year
water and light-improvement bonds were awarded
W. Sherrill of Poughkeepsie at par for 3'90percents.
Monett, Mo.— Bowds to be IssMed.— This city has for sale an
issue of $18,800 i%i refunding bonds. Danomination, $1,000,
except one bond for $830. Date, June 1 1904. Interest,
semiannual. Maturity, June 1, 1924, subject to call after
(serial)
to Isaac
,
June
1,
1909.
Montgomery Township, Gibson Connty, Ind.—Subsidy
Election,— The people of this township will vote August
30 on the question of granting a subsidy to the Evansville
Indianapolis Traction Co.
Princeton
Monntain View, Santa Clara County, Cal.— Bonds Voted.
—This place has voted to issue $28,000 water-plant bonds.
Nacfgdoches (Tex.) Independent School District,— Bond
SdZe.-This district has sold $9,000 5% 5-40-year (optional)
school-house bonds to Nacogdoches County at par. Securities are part of an iesue of $36,500 registered by the State
Comptroller on June 2 and of which $27,5C0 was taken by
the State Permanent School Fund, as recorded in V. 78, p.
2401. The whole issue has now been placed.
Napoleon, Ohio.— Bond Offerivg. Proposals will be received until 12 M Aug. 17, by F. W. Hilgendorff, Village
Clerk, for $20,000 43^iC coupon electric- light and water- worksdebt-extension bonds. Ddnomination, $1 ,000. Date, July 1,
1904.
Interest, March 1 and September 1 at the office of the
Village Treasurer. Maturity, July 1, 1929. Purchasers
must furnish lithographed forms free of charge. New York
draft for $500, payable to the Village Treasurer, required.
Total debt, including this issue, $244,654.
New Britain, Conn.—Bond Sale.—Oa Aug. 2 the $75,000
i% water bonds described in V. 79, p. 228, were awarded to
Blake Bros.
Co., Boston, at 109*66 and interest. Following are the bids:
&
—
,
&
109'e6
Blake BroB. 4 Co., Bo»ton
Francis R. Cooley, Hartford ...108036
Bnrgeis. Long 4 Co., Hartford. 107-793
R07T. H. Barnes. Hartford.... 1(j7-778
DenlsoD, Prior 4Co.. Cleveland
107 677
and Boston
I
|
I
1
107-56
Rstabrook 4 Co., Boston
107-537
W. Harris 4 Co.. Boston.
BlodKet.Merrltt 4 Co., Boston.. 106-43
W. J. Hayes 4 Sons. Cleyeland. 106-49
8. A. Kean, Chicago
lOS'lO
N.
I
New Orleans, La.— Bonds to be Issued Shortly —The Dock
Board, according to local papers, will shortly offer for sale
|2,COO,000 bonds.
New York
City.— Bond Issues,-The following issues of
New York City were taken by the einking
fund as investments during the month of July
corporate stock of
:
Purpose.
Int'at Rate. Maturity.
CompletlDs construction Criminal Conrt Baild'g. S
Bridge over Harlem River between 146th and
14Uhf.treets
bam
public p^irkways
84th
Waras
1863
110.000 00
8
3
3
1953
1»53
1953
1953
1963
1868
166.00000
8,4»1 45
10,000 00
26,000 00
20,o0000
1,000 00
3
1953
10,00000
3
3
3
1968
1963
1963
10. 000 00
25,000 00
1953
1963
826,220 31
1863
1963
6,000 00
1(53
10,000 00
3
Borough BuildlnK-Rlchmond
Bridge over Bronx River at I77th Street
Water fund— Qoeens
Water main fund— Brooklyn
High school fund
Construction and maintenance Bronx and Pel-
Change of grade, Damage Commission, 23d aad
Am(mnt.
3
3
Court House, Gates Avenue, Brooklyn
Bridee over OnwanUB Canal, Brooklyn
Bridge ever Flushiog Creek between Newtown
and Flushing
3
Fund for street and park openings
3
Maps and plans, portions of 2d,l)d and 4th Wards,
Queens
3
new hospital— Bronx
8
Improvement parks, parkwavs, playgrounds and
drives-Manhattan and Richmond
3
Construction
Total
l.^OOOO
10,00000
6,00000
»
$1,136,717 79
Outside of the regular bonds taken by the Sinking Fund, 18,000,000 "general lund bonds" were turned over to the fund. Tnis makes the Urst issue of
these bonds this year under the Special Act of the Legislature for the purpose
of releasing the surplus revenues ot the Sinking Kund and allowing the money
to be applied to the reduction of taxes. The plan was explained In theCiiuoNICLE March 14, ieu3. We do not Include these bonds In our monthly totals.
In addition to the above bonds, the following " revenue
bonds" (temporary
Revenne bonds
Revenue bonds
Revenue bonds
Revenue bonds— Special
Revenue bonds -Special
Revenue bOLds— Special
Total
securities)
were issued
:
Int. Rate,
Amount.
2^
3
SH
13,000,000 00
3,750,000 On
3
SJ<
6,826,000i0
100,000 00
25,000 00
10,61876
111,810,618 76
Interest semi annually
Maturity, two bonds yearly on
Authority, Sections 1636-281,
1, beginning in 1905.
certified
1536-238 and 1538 289, Revised Statutes of Ohio.
check for |50 required, L. E. Meyer is Village Clerk.
Oberlin, Ohio.— Bond Oj^ering.— Proposals will be received
until 2 p. m., Aug. 31, by C. H. Snyder, Village Clerk, for
the following bonds
10,
1904.
March
March
1
Danomination,
and September 1.
$500.
A
5i{ East College street improvement bonds, maturing tl.OOO yearly on
Sept. 1 from 1807 to 1913, inclusive, and $2,000 Sept. 1,1914.
17,000 5» Cedar Avenue improvement bonds, maturing 11,000 Sept. 1, 1906, and
12,000 yearly on Sept. 1 from 1907 to 1914, inclusive.
«9.000
,
of the city of
Omaha,
required.
Oshawa, Ont.— Dtfeeniwre Q^eriwgr. — Proposals will be received until 12 M., August 20, by Thos. Morris, Town Clerk,
for $130,000 i% water-works and sewerage debentures. Securities are dated Aug. 1, 1904, and will mature part yearly
for forty years. Accrued interest to be paid by purchaser,
Overton (Texas) School District.- Bond Sa/e. — The |4,000
4^ 5-20-year (optional) school house bonds registered by the
State Comptroller on June 25 have been sold to Buek Connty
at par. Securities are dated March 1, 1904.
Paciflo Connty, Wash.- Bond Offering.— R, J. Hubler,
County Treasurer, is offering for sale $1,0U0 7% 5-year Tarlett
Slough Ditch Fund bonds.
Pembroke, Ont.— Debenture Q^ertng.— Proposals will be
received until 6 p. m., August 15, by John C. Stewart, Cnairman Finance Committee, for the following debentures
:
115.00000 debentures, maturing part yearly for 80 years from June 10, 1904.
10il86 10 debentures, maturing part yearly for 20 years from June 30, 1904.
10,19009 debentures, maturing part yearly for 20 years from Jane 30, 1904.
Polk (Ohio) School District.— Bond Sale.-Oa August 1
were awarded to Eliza McCannel at
103'50.
Denomination, |300. Date, Aug. 1, 1904. Maturity,
one bond each six months.
Portsmouth, Ohio. Bond Ojferinflr.— Proposals will be received until 12 M,, August 25, by Filmore Musser, City Auditor, for the $33,000 5% coupon Ninth Street improvement
bonds mentioned in V. 79, p, 285. Date, Aug. 1, 1904. De$2,000 6^ school bonds
nomination, $500. Interest semi-annually at the office of
Winslow, Lanier
Co., New York City. Maturity part
yearly on August 1 as follows
$2,000 in 1905, $3,000 in 1906,
$3,500 from 1907 to 1914, inclusive. Authority, Sections 95
and 53 of the Ohio Municipal Code, passed Oct. 22, 1902.
certified check for 5% of amount of bid, payable to Filmore
Musser, City Auditor, required, and the purchaser must pay
accrued interest.
Bacine, Wis.— Bond Q^eHnflr.— Proposals will be received
until 2 p. M., August 11, by Ward C. demons, City Treasurer, for the $5O,CO0 i% improvement bonds mentioned in V,
Date, July 1, 1904. Denomination, $1,000.
78, p. 2403.
Maturity, part yearly on July 1 as follows $2,000 from 1905
&
:
A
:
to 1914, inclusive, and $3,000 from 1915 to 1924, inclusive.
Accrued interest to be paid by purchaser.
Rathdrnm School
District No. 2, Kootenai Connty, Idaho.
Sale.-Oa July 18 $4,000 5% school-house-addition
bonds were sold to the State Board of Land Commissioners
— Bond
at par.
Denomination, $500. Date, July 1, 1904. Interest,
Maturity, $500 yearly on July 1 from 1905 to
semi-annual.
1912, inolusive.
We
Rldgefleld Park, Bergen Connty, N, J.— Bond Sale.—
are advised that the $35,000 5^ road- improvement bonds
awarded on July 11 to Dick
Robinson of New York City,
and afterwards refused by them, have been disposed of to
local citizens.
See V. 79, p. 172, for description of bonds.
Rochester, N. Y.— Temporary Loan.—Oa July 29 an eightmonth local improvement loan of $150,000 and an eightmontn hlKh-echool-buildlng-fund loan of $76,000 were awarded to F. E. Jennlson of New York City at 8 45$ interest.
Timporary Loan.—
are advised that on or about Aug.
12 this city will desire to borrow $180,000 as follows:
1160,000 for eight months for overdue fax fund,
20,000 for eight months for park-lmprovemeut fund.
Bids will be opened at 11a. m, An£. 10, and bidders are
requested to name rate of interest at which they will take
thb whole or any part of the loans,
&
We
Norwich, N. T.— Bond Sale.—Oa August 1 $5,000 i% refunding bonds were awarded— $4,000 to Geo. T. Dunham
at 107 50 and $1,0C0 to Geo. D. Davis at 107-50.
Nova Scotia,— Bond Sai^.- Premier George H, Murray has
floated in London at 94 a provincial loan of £*J50,000, carrying 3}4% interest. The loan is to pay undertakings of the
Roxton (Texas) ladependeint School District.- Bond«
Government in connection with the new railway frcm Hal- Reguitered.— An issue or $10,000 b% 10 40-year (optional)
ifax to Yarmouth, for which line the province will lend the eohool-houae bonds, dated June 1, 1904, was registered by the
company $13,5C0 a mile on first mortgage security, the com- State Comptroller on July 80.
,
:
THE CHRONICLE.
046
Saginaw, Mich.— Bond Ojr«rinflr.— Proposals will be rep. M., August 16, by Frank M. Totten, CompDenomlnatroller, for $71,000 i% coupon bridge bonds.
Sbepard Special School
District, Franklin County, Ohio.
July 28 the $12,000 6% bonds described in
were awarded to the New First National Bank
of Columbus at 108'862 and interest. Following are the bids :
New 1st Nat. B'k,ColDmbDs.|l!<!.40S&o Citizens' Savings & Loan Co.,
A. Kleybolte A Co., Clncln... 12,368 00
Munsfleld
|12.?a760
W.J. Hares & 8ons,CleTe.. lt!.804 »-0 Ilavden.Mlller a Co., Cleire. IS.iaooo
—Bond
ceived until 2
tiOD, $1,000,
DAte, Sept. 1, 1904. Interest
office of City Treasurer or at the current
York City. Maturity, Sept. 1, 1924.
Sate.
V. 79, p. 230,
semi-annually at
official
bank
in
1
on a Saginaw bank or New York draft, payable to the Treasurer of the city of Saginaw, for 2% of bonds bid for, is re-
I
L&mprechtBros.&Co.,CleTe, 18.2U 80
Bond Sale.— Oa August 2 the $50,000 4 per cent coupon
Bewer bonds described in V. 79, p. 522, were awarded to E.
H.Rollins & Sons, Chicago, at 101 •621 and interest. Following are the bids
A
Sons. Chlc....^SO,Teo BO
A. Kleybolte* Co., Cincin... 60,576 00
{
|
EH. Rollins ASonB, Boston
Blake Bros. 4 Co., Boston
Geo. A. Fernald & Co., Boston
N. W. Harris 4 Co., New York
Blodget. Merrltt 4Co., Boston
Adams 4 Co., Boston
100-77
T. J. Bolger Co.. Chicago
Co., ChlcaRO.... 100-60
John Nuveen &
& Nlver Co.(le8s 1%) Par
I
Snow Hill, Md.—Bond Sale.-On July 6 $15,000 5% coupon
street-improvement bonds were ajparded to Thomas M. Purnell for $17,496 70.
Denomination, $500. Date July 1, 1904.
Interest, semi-annually at the First National Bank of Snow
Hill.
Maturity, $1,000 yearly beginning July 1, 1925. Bonded
debt, not including this issue, $18,000.
NEW
LOANS.
100-446
Borough
of
receive bids until 7:3'> P, M,
on MONDAY, AUGUST 15th, 190*, for the purchase
ot Twenty-eight Thousand Dollars Four (4) Per
Cent, tax free. Coupon Bonds of the School District
of the Borough of Homestead, Allegheny County,
Bonds will be dated July 1st,
and mature serially as toliows:
One Thousand Dollars ($1,000) In the years
Pennsylvania.
Bonds will be of the denomination of One Thousand Dollars, with semi annual Interest coupons,
and wiiti privilege ol registraiion as to priDctoal.
Both principal and Interest payable at the D'lrst Na-
Bank of Homestead, Pa.
Bonds will be prepared by Chas. W. Ashley, Esq.,
Solicitor of the Board, will be engraved ana certitional
genuineness by the United States
Trust Company of New York, and
their legality approved by John G. Johnson, Esq.. of
Philadeiphia, Pa., whose opinion, or a duplicate
thereof, will be delivered to th? purchaser. Bids
mu9t be accompa'led by a ceriifled check oq a National Bank or Trust Company, payable to the
School District of the Bor.ugh of Uomettead, for
five per cent of the amount of the bonds bid for.
Bids will be opened at the office of the Board. High
School Building. H >mestead. Pa., on AUKUst 16,
1904, at 7:80 P. M., the right being reserved to reject
fied as to their
Mortgage
4
any or all.
For further
Chas.
W.
burgh, Pa.
|)articulars and form of bid, address
Ashley. Esq., 402 Grant Street, Pitts-
City of Atlantic City, N.
Bids Received Until 13
o'clocli
J.
Monday, August
1904.
3*^,
M.
The
City of Atlantic City will receive sealed proposals for
SI 93,000 Gold Coupon FavinK Bonds,
denominations of Sl.OOO, dated May 1, ISOi,
matnring on May 1, 1924, without option, with
Interest at 4U per cent, payable semi-annually at
In
HANOVJfR NATIONAL BANK,
CITY.
NEW TOBK
(
W,
S.
THOMAS,
Chairman Bond Committee.
oupon School Bonds,
denominations of $1,0. each, da' ed July 1, 19C4,
payable ts.ooo on July 1, 1D05, and tf>,000 on each
subsequent July 1, until July 1. 1922, an average
period of nine years. Said bonds are without option,
with Interest at 4 per cent per annum, payable
semi-annually at the GUARANTEE TKUST COMPANY, ATI, ANTIC CITY. N. J.
The City Com utroller will receive bids for these
Paving and School Bonds until twelve o'clock
Monday, Aunust
(6.929,786
860,000
]32,<00
debt, including this issue
Otherdebt
Trtaldebt
None
188,000
16,000
Population of Borough In 1004
J.
H.
WILLIAMS
'i'i,
NEW YORK CITY
3^9b
1904,
reserving, however, the right to reject any or all
bids. Bids may be for one or both of the Issues.
Circular letter, giving full particulars and printed
form of proposal, will be (iirnlshed on application
to
A. M. UESTON, Comptroller.
GOLD
Blodget, Merritt
MacDonald, McCoy
MUKICIPAL
AMD
&
BONDS
La Salle
Street,
95
Co.,
2 Wall Street,
16
3«
Congress Street, Boston.
NASSAU STREET, MEW TOKH.
New
& CO.,
York.
Rudolph K ley bolte& Co.
BANKERS,
DEALERS IN
cmca^o.
BANKKK8.
Milk Street,
BOSTON.
&
STATE. CITY k BAILBOAD BO^D^
MUNICIPAL BONDS.
O. Stanwood & Oo.
TAX-EXEMPT BONDS.
BANKERS
Co.,
CORPORATIOM
.
T.W. STEPHENS
Secretary.
Homestead, Pa.
E.
BONDS.
:
In
FINANCIAL, STATEMENT.
171
WATERWORKS
Sealed bids will be received until SEPTEMBER 1,
1904, by John M, Butcher, City Treasurer, for all or
any part of an issue of 130,000 Four per cent WaterWorks Bonds. Securities are dated July 1, 1904,
and will mature in forty years, subject to Cill at the
option of the city, one-half after ten years and
balance after twenty years. Interest will be payable
annually on January I at the office of the State
Treasurer Under the law the State School Fund
has the option to take these bonds within ten dayi
at the highest price offered.
The bonded debt of the city, including this issue,
will be (39.500, with no floating debt.
Taxable
valoatlon for the year ISOj, $1,»0B,000. Population
according to U. S. Census 1900 was 2,800 estimated
nowatit,000. The city has never defaulted In the
payment of principal or Interest on any of Its
bonds.
All bidders must enclose a certified check for 6 per
cent of bid, payable to John M, Butcher, City
Treasurer, and bonds must be taKen by successful
bidder within twenty days ai'ter bid Is accepted.
The right is reserved to reject any or all bids.
The City of Atlantic City will receive sealed proposals for
SOO.OOO Gold
lorei
noon of
Assessed valuation
Total value of school property
Bonded
4^
OF THE
the
100*17
all, 100*08
For
CLARKSVILLE, TEX.,
1U04,
1906,
1907. 1HII9 to 19ii0, Inclusive, l»2a. 1923. 1926 and
1929; Two Thousand Dollars (»2,000) In the years
1921, 1924, 1926. 1H27 an d 1H28.
104*217
LOANS.
S^30,000
SCHOOL HOUSE BONDS
Allegheny County, Pa,
100 817
NEW
LOANS.
^Q0,000
The undersigned win
•
lOS'SO
100*817
100*17
H
&
AND
Homestead
104076
100-lfl
.
paving BONDS
District ol the
100-446
all. 100*40
lOOS-Jfl
•
Sios,ooo
Four Per Cent Bonds of the School
For
'
.
Tajlor, Tex.— Bond O^eringr.— Proposals will be received
until Aug. 15 by John F, Black, Mayor, for $25,000 5% cityhall bonds.
Dsnomination, $1,000.
Date, July 1, 1904.
Maturity, July 1, 1944, subject to call
Interest, semi-annual.
after July 1, 1914.
Presert bonded debt, $27,000. Assessed
valuation, $2,215,000. Certified check for 10^ of the amount
of bid recjulred.
Tifflo, Ohio.— Bond Ojferino.— Proposals will be received
until 11 A, M , Aus;. 8, by the finance Committee of the City
Council, at the office of John jE, Diemer, City Auditor, for
$13,0 JO i% Greenfield street improvement bonds. DenominDate, Aug. 10, 1904. Interest, March 1 and
ation, $500.
Sept. 1 at the office of the City Treasurer. Maturity, $2,000
yearly on Sept. 1 from 1905 to 1909, inclusive, and $1,500 on
Sept. 1 of the years 1910 ard 1911
Terms of sale, cash.
Trenton, N. J.— Bond Sate.— Oa Aug. 5 Blodget, Merrltt
30-year school bonds
Co., Boston, were awarded $50,000
im
NEW
&
'
Dlstrlet.— Bond S'ale.— The
§4.000 Ai 10-year school bonds described in V. 79, p. 119, were
awarded at par o i July 20 to the State of North Dakota.
Shawano, Wis.— Bond Sate.— On Aug. 1 the $10,000
coupon sewer bone's described in V. 79, p. 286, were awarded
to the First National Bank of Shawano at 102*01 and interFollowing are the bids :
est.
Trowbridge
Securities are dated
1904.
:
Sharon (N. Dak.) School
102 01
1,
a
&
Shawano
12.100 03
Taonton, Mass.— Bond Sale.— Oa August 3 the $33,500 Sl4i
20-year school, the $12,000 d^^i 10-year paving and the $3,003
10-year fire-truok bonds were awarded to W. J. Hayes
Sons, Cleveland, at 100*75, 100-31 and 10449 and interest, respectively. Following are the bids
•83,600 3>^t 112.000 Smi 13,000 4«
School.
Paving. Fire-truck.
W. J. Hayes A Hens. Cleveland
10076
lOfsi
104*4»
'
H. W. Poor t Co.. Boston
For all. 100-731
100-687
R. L. Day 4 Co., Boston
100319
104*829
100-48
1'(0-4h
Farson, Leach 4 Co., New York
104-«a
Blodeet, Menittft Co.. Boit.t50,170 00
Security Nat. Bank, SaKlnaw. 60,186 00
:
B. Kleybolte A Co., Cincinnati.. 101-83
German Nat. Bink.'Shawano... 101-51
S. A. Kean, Chicago
101-008
A. Kean, Cbloaco
6.
1-10-year (serial) street-paving bonds.
July
St. Catherines, Ont,— Debenture O/Teri'g.— Proposals will
be received until Aug. 18 by W. A. Mittelberger, Treasurer,
for the following 4* 20-year debentures $50,000 for sewer
purposes, $20,000 for water works, $20,000 for " Ross, Sons
Co., Limited," and |6,000 for Qaeenston Street abridge. Interest semi-annually at the Imperial Bank of Canada in Toronto. The water debentures will be delivered at once and
the others on Sept. 1.
St. John, N. B.— Debenture Sale.-Oa July 27 the $113,500
S^i debentures described in V. 79, p. 286, were awarded to
J. M. Robinson of St. John at 91-50.
First Nat. Bank,
I
Sycamore, IlL— Bond Sate.— This city has sold to Trowbridge & Niver Co. of Chicago, at a little less than par,
$16,000 4% 1-10-year (eerial) street-paving and $15,000 5)t
quired.
S. H. Rollins
-On
{
A certified check
New
[Vol. Lxxix.
Established 1»M3.
H. C. Speer
MUNICIPAL, RAILROAD and
& Company
159 La Salle
CITY COUNTY
AND TOWNSHIP
St.,
STREET RAILWAY
Chicago.
BONDS.
I
BONDS.
NASSAU STREET, NEW
interest Paid on Daily
YORK.
and Time Deposits.
—
Aug.
6,
THE CHRONICLE.
1904.]
Interest semi-annually on May 15 and Nov. 15.
issues of Q% ditch bonds,
aggregating $44,(83 35, offered, but not sold, on May 18, have
See V. 78, p. 1926, for description of
not yet been placed.
bonds.
at 110 34 and $33,600 paving and $20,100 refunding i% 10-year
bonds at 104'28. Secnrl'ies are in the form of registered
bonds of |100 or multiples thereof, dated Sept. 1, 1904. Interest,
ditch bonds.
Bonds Not Yet Sold.— The four
semiannual.
0. La Grange). Ga.— Bond offering.—
Proposals will be received until 13 m., Aug. 15, by C. H.
Giiffia, Chairman County Commissioners, for |50,OCO i%
Denomination, |1,000. Date, Sept. 1,
court-house bonds.
Maturity, $12,000 Jan. 1, 1910,
Interest, annual.
1904
$13,0C0 Jan. 1, 1915, |12,f00 Jan. 1, 1920 and $14,000 Jan. 1,
Certified check for $l,00O required.
1925.
Van Wert, Connty, Ohio.—Bona 5aZe.— On July 16 $6,000
4^s Files Free Turnpike No. 80 tonds were awarded to
George H. Marsh at par. Denominations, fourteen of |300
each and eight of $400 each. Date, Aug. 1, 1904.
Waseca, Minn.— Bond Sale.- On July 26 the |15,000 5%
Tronp tonnty (P.
White House (Ohio) School District.— Bond Sale.— On
July 30 the |3,000 5% 2-11-jear (serial) bonds, described in V.
the Surety & Trust Co. at
79, p. 174, were awarded to
and later est.
White Plains, N. Y.—Bond Q^ermflr.— Proposals will be received until 8 p. M., AuET. 18, by the Board of Trustees, for
$9,000 i% sewer bonds, a $1,000 4^ fire department bond and
100"875
a |l,000 4$ water bond. All the above issues are in denomination of $1,000. Interest, semi-annual. Maturity, Aug. 1,
Certified check on a State or national bank or trust
1929.
Peter
company, for 5% of the amount of bid, required.
Paulding is Village Clerk.
Willlamston (S. C.) School District.— Bond Offering
G, Lang Anderson, Chairman Board of Trustees, is offeriDg at
private sale an issue of $8,000 5i 20-year school bonds. Denomination, to suit purchaser. Interest, annual. Bonded
Assessed valuation, $260,COO; real
debt, this i^sue only.
value about $400,000.
Winthrop, Sibley County, Minn.— Bond Offering, Proposals will be received until 7 p. m., Aug, 26, by C. A. Schilling, Village Recorder, for $7,000 5% water- works and elecAuthority, vote 75 to 13 at election held
tric-light bonds.
July 19, 1904. Denomination, $1,000. Date, Nov. 1, 1904.
Interest, annually at the First National Bank of Winthrop.
Maturity, Nov. 1, 1919. Certified check for 10;? of the
amount of bid required. Bonded debt, including this issue,
Assessed valuation, $171,465.
$12,600.
Woodbury, N. J.— Bond Sale Not Consummated. John D.
funding bords were awarded to N. W. Harris & Co.,
Chicago, at 107-04. Denomination, $1,000. Date. Aug. 1,
Maturity, Aug. 1, 1914.
1904.
Interest, semi annual.
Washington Township, Gibson County, InA.—Svbndy
Ehction. The qnestion of granting a subsidy to the Evansville Princeton & Indianapolis Traction Co, will be submitted to a vote on Aug. 80.
West Springfield, Mags— Bond Sale.—The $25,000 %%%
coupon water bonds mentioned io last week's Chronicle
were sold at' private sale on July 22 to R. L. Day & Co. of
Boston. Bonds mature Oct. 1, 1930. Denomination, $1,000.
Date, 0.:t. 1, 1900. Interest, eemi-annual.
—
—
—
West Washington (Boroagh), Pa.— Bond Q^crirjgr.— Proposals will be received until 7:30 p. M., Aug. 13, for $50,000
4^« street improvement bonds. Securities were authorized
by a vote of 168 to 14 at an election held July 21, 1904. Interest semi-annually on April 1 and Oct. 1, free from State
taxes. Maturity. $5,000 on Qjt. 1 of the years 1909, 1912,
1915, 1918. 1921, 1934, 1937 and 1930 and $10,000 Ojt. 1, 1933.
Certified check on a national back for b% of btd required.
Bids should be addressed to the Washington Trust Company, Washington, Pa. James Boswell is Borough Secre-
BOND DEPARTMENT.
City of Lynchburg, Va.,
REFUNDING BONDS.
sealed
proposals
AUGUS
Tnlll la o'clocK noon, TUtSDAY,
f 30th,
1804, lor J20o,oCO thirty year non-taxable Refunding Bonds of IheCity of Lynchburg, Virginia.
Theee bonds will be Issued in oenominatlons Of
$1,000 each, dated October 1st, 1H04. bearing interest
at the rate of 4% per annum, oaynble January ana
July, at the office of the Treasurer of the City of
Lynchburg, Virgiuia.
The check for •^% of the par value of the bonds b'd
for must accoinpauy each bid
eaid check payable
to the Older ol the Treasurer of the City of Lynchburg, Virginia, and certided to by a responsible
bank and deposited as a guaranty of good faith.
The right is reserved to reject any and all bids.
;
JAMES R. GILLIAM,
J T. COLEMAN.
WM. V WILSON JR,
THE AMERICAN TRUST The United States Life
Insurance Co.
& SAYINGS BANK,
IN THE CITY OF NE W YORK.
Chicago,
Offers
Illinois.
John
Municipal and Cor-
Railroad,
poration Bonds, conservatively issued,
yielding investors i% to 5}4%.
Printed
and
prices
application.
lists
Perry, Coffin
MUNICIPAL
upon
Service
Burr,
INVESTMENT BONDS
60 State
San Francisco
PARSON. LEAOH &
00..
T. B. POTTER,
MUNICIPAL and Dnkinc
Ov^l>il-'0.
MEW YORK.
B08T0II
PHIIiADEL.PHIA.
MANILA SISAL AND JUTE
CORDACE.
172 Washington Street,
I.IHT
ON
•
*
.
IL,L,»
-
65
Wall
of Philadelphia,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
York.
BONDS
s^SSk certificates
Also
ITandHomclT orKrBVcd;
steel
north Ajnerioan Bldg., FhlUdelphla.
Capital Stock,
R.FULTON & CO.,
New
Company
f
ho chcaopr kind,
$2,000,000
piirilr
iil.'id^
pfToct.
Mthodraphprt and
I'lirtiv
100 Stock roMUtriiti-c »3 to
»2.'): the latter ot urav. rt with utool plii e hurdorn
- clRKHnt.
Seal I'rcsH, If with CiTtillrHtO!', »1 00.
prinlprt
F.
Street,
PPI.IfiATH.w.
The Investment
CHICAGU.
The American Mfg. Co.
CORPORATION
CHICAGO,
Public Securities,
Auets, over $8,760,000.
Paid to Policyholderi in 1903, $1,060,956 70
Street,
BOSTON.
Chieagro.
City.
BOSTON.
E.H.ROLLINS & SONS,
DeHTer.
Active and Buccesefnl Agents who desire to
make DIRECT CONTRACTS with this wellestablished and iiropresslve Company, thereby
securing for themselves not only an Immediate
return for their work, but also an Increasing
annual Income commensurate with their
th
success, are Invited to communicate
RICHARD E. COCHRAN, 3d Vice-President,
at the Company's Ofllce, 277 Broadway, New
w
&
Corporation
BONDS.
P. Munn, M.D., President.
Finance Committee:
Leather
/AMES B. PLUM
CLARENCE H. KELSEY.Pr.Tlt.Quar.&Tr.Oo.
WILLIAM H. PORTER, Pres. Chem. Nat. Bank
Fork
AMD
1904.
I860.
Committee on Finance.
Public
MISCELLANEOUS.
INVESTMENTS.
^SOOjOOO
receive
strtetlmprovement bonds
&
.
will
45?
31 were awardof this city, have
their bid. 'We are advised that the bonds will
not now be issued until after the first of the year, and that
in the meantime local banks will temporarily advance the
money needed for the improvement.
Worcester, Mass. Temporary Loun.—Tb.lB city has negotiated a loan of $50,000 with Fisk
Robinson at 2'70^ discount. Loan matures Oot. 17, 1904.
H
Tbe undersigned
,
withdrawn
White County (P. 0, Monticello), Ind.— Bond Offering.—
Proposals will be received until 12 M., Aug. 20, by J L. AckC. E. Patrick, et al.,
erman. County Auditor, for $6,815 96
LOANS.
—
& Co New York City, who on June
Everitt
ed $20,000
tary.
NEW
647
from tTpe.
B. KING & CO., 106 William St., N.Y.
Bmrplns & Undirid. Profits, $1,000,000 ALBERT
(Telephone.)
Enaravore and Llthonrapheri.
Thli Companr nndenakes the necrotlatlon and
time of lonni snil cnpltal of CompaDlee on the New
Tork or Philadelphia Market, and will make advan•et npon approved Corporate, PerBonal or Real
Bitate leonrltr.
Tniit«e,
Under Iti charter rlRhtt It will act
ARent or Mana«er for the control of oorporatloni or
(or the conitraotlon of pabllo or private work*.
m
CHRONICLE VOLUMES FOR SALE.
aecond-hand
not.
bound and
In
good order, 1886-
1900, four dollar* a Toliirao.
U'lLLIAIVl B.
DANA COMPANY,
:
)
:
THE CHRONICLE.
648
I
Vol. Lxxix.
Stntst ©ompranijcs.
BOWLING GREEN
TRUST CO.,
BROADWAY, NEW YORK.
26
CaplUl, $2,600,000 8urplu8,$2,500,000
3F NEW^YOMi
NASSAU STREET
IS
TRU8TKE8
£. H.
wmiam
H. MoLntyre.
V. P. Snyder,
Otto H. Kahn,
F.
W. FuUe,
Seo.
and Treaa.
Olarenoe H. Maokay,
William H. Baldwin Jr.,
Asat. Beoretary.
Wmiam O. Van Home,
H. M. Walker,
Chaonoey M. Depew,
W. B. BanUne,
Geo. H. Squire,
Bradlsh Johnaon,
Frank Bralnard,
Kobert C. Clowry.
Alvln W. Krech,
M. Hartley Dodge,
H. M. Alexander,
S. M. Inman,
Wm. Nelson
Bdmand
John M. Hall,
Edward M Hooar,
•at. Treasnrer.
C. CoDTerse,
Edward R. Thomas,
John P. Tmeadell,
^ TRUST
SURPLUS. S9,000.000.
34TH
No.
100
WEST
N^^ York, January 20th, 1904.
__ ,
„ ^
.
,
^.
TKe Truttees,
tn Conformity
with the Charter of the Company, submit the foUowing statement of
its affairs on the 31st of Dtcetnbtr, i()03\
Premiums on Marine Risks from let January. 1903, to Slst December, 1903. . $3 174 147 73
Premiums on Policies not marked off Ist January, 1903
800,368 56
Total Marine Premluma
J.
TRUST DEPARTMENT:
WILUAM B. RANDALL, Trust Officer,
HARLEM BRANCH:
$3,974,516 29
—^
W.
210,616 30
Trust Companies
Real Estate corner Wall and William Streets and Exchange PVace"'."$3,789,000
Other Real Estate and Claims due the Company.,
75,000
Premium Notes and BUI Receivable
'payable 'in
H. M. ByUesby
ENGINEERS.
'
3,864,000 00
'
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
182,00168
S9,^6i 72
Amount
HYDRAULIC PLANTS.
$12.025,021 81
Six per cent
Interest on the outstanding certlfloates of wroflts -will be paid to the holders
jiereof, or their legal representatives, on and after Tuesday.'the second of February
next.
The outstanding certificates of the issue of 1 898 will be redeemed and paid to jhe
holders
thereof or their lega. representatives, on and after Tuesday, tlie second of February next, from
which date all interest thereon will cease. The certillcates to be produced at the time of
payment, and canceled.
dividend of Forty per cent is declared on the net earned premiums of the Company
^""^ ^•''t'^' "Poii application, certificates will be ialueri
«« and
i^H after
ll^L^'^^^'^S
^^f^
"f^fS^^/J^^^on
Tuesday,
the
third of May next.
By order of the Board,
Examinations and Reports.
New York
G.
STANTON FLOYD-JONES,
Life Building,
CHICACO,
ILL.
ITHITING'S papers!
A
Secretary.
TRUSTEES.
GU5TAV AMSINCK,
F lANCIS M. RACUN,
JOUN N. RKACH.
WILLIAM B. BOUI.TON
VBRNON 11. BKOWN,
WALDUON P. BHOVVN.
JOSEPH H. CHAPMAN,
HERBERT L. GRIGGS.
LEVI P. MORTON,
CLEMENT A. QKISCOM,
HKNHV PARISH,
ANSON W. HARD,
KKEDEKIC A. PARSON!
MORRIS K. JK8UP.
DALLAS
B. PRATT,
LEWIS CABS LKDVARD.
GEORGE W. QUINTABI,,
FRANCIS U. LEGGETT,
A. A. KAVEN.
CHARLES I). LEVERICH.
JOHN L. RIKER,
LEANDER N. LOVELL,
DOUGLAS ROBINSO:?,
GKOKOE H. MACY,
GUSTAV n. SCHWAB,
CHARLE.S H. MAUSHALIi.
WILLIAM
C. STUKQES.
^
W.U.U. MOORE.
A. A. RAVEN, President.
F. A PARSONS, Yiee-PretH.
CORNKLIUS KLDERT, 2d VieePre^t,
THEO. P. JOHNSON. jd Viee-Pveft.
G-IORGE C, CLAKK,
CO INRLIUg KI.DKRT,
EWALJ FLKITMANN.
INVESTMENT BONDS.
SEND FOR
& Co.,
INCORPORATED.
612 262 53
1
1107 22188
poii'cl'es'
Manager.
^UQinttvs.
Betnma of Premiums and Expenses, $467,841 97
$1,177.016 32
The Company has the following Assets, viz.:
United States and State of New York stock; City, Bank and other Securities
$5,170,084 00
Special deposits In Banks and
,
LEWIS, Manager.
JOHN BAMBEY
$1,387,632 62
$146,587 55
64,028 75
F.
BRONX BRANCH:
.
Losaea paid during the year which were estimated
in 1902 and previous years
$322,490 79
Losaea occurred, estimated and paid in 1903
1 ,065,141 83
o^h^'fJ?'
€? S**"''*'"*®^
ash
In Bank
148TH STREET,
McLBAN WALTON, Absu Secretary.
HARRIS A. DUNN, Asst. Treaaurtf
from Ist January, 1903, to Slst December, 1903
$3 250 364 45
Interest received during the year
$336,185 20
"
"
K«iit;
"
less Taxes
111,923 77
$448,108 97
off
hands of European Bankers to pay losses under"
dk
T. BARNEY, Preiident.
FBBD'K L. BLDRIDQB, Ist Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
JULIAN M. GERARD, 3d Vlee-Preildent.
B. L. ALLEN, 4th Vlce-PresidenU
FRBD'K GORE KING, Sec. and Treas.
.
.,
FIFTH AVE.
1H5TEL STREET.
CHARLES
ATLANTIC MUTUAL INSURANCE COMPANY,
Less Salvages
Re-inanrances
^
CO.
BROADWAY,
8T. «t
THIRD AVENUE
LIST.
DENISON, PRIOR & OO
CLEVELAND.
William H. Taylor,
ot
Individuals and Corporations*
Interest on Dailv Balftncos.
OFFICE OF THE
In the
8. Pleroe,
Frederick B. Sohenck,
Deposits
No. 60
Cash
Winglow
B. F. 0. Young.
%n3UV^UCt,
Premiums marked
William M. Lawi,
W. Mlddendorf.
WUIiam Willis MerrUl
J.
L. F. Loree.
CAPITAL. 83,000.000.
_
Mttou T. Uerrlok,
Edward T. Jeflery,
Kdward R. Ladew,
Cromwell,
GrenvlUe M. Dodge,
A. Goet el,
Edwin Gould,
Frank Jay Gould,
Georife J. Gonld,
John A. HUton,
Frederic R. Coadert.'
H. H. Borter Jr.
W. H. Orooker,
O. F. Adaaoa 2nd,
Lyman Rhoades Jr.,
L. aillesple,
DIBBCT0B8:
Ctaarlei P. ArmstrotiK.
wmiam Alexander.
Vloe-Preeldent.
De Witt Ouyler,
D. H. Moffat,
W, Alexander,
James Henry 8mlth,
L. L. GlUesple,
Hubbard,
Solicits
J.
Vloe-Prealdent.
T.
Blx
TRUSTEES
Krech,
James H. Hyde,
Gage E. TarbeU,
John F. E>ryden,
Lawrence
W,
President.
Harrtmui,
H. O. Friok,
O. B. Alexander,
T. H.
EQUITABLE BUILDING.
Alvin
Jamea H. Hyde,
H. O. Demlng,
OFFICEKBi
EDWIN GOULD
Prealdcni
WILMAM H. TAYLOR. ...lit Vlc«-Pr«s.
CHAS. P. ARMSTRONG
ad VIce-Prea.
JOHN A. HILTON. 3d Vlce-Prea. <k Treaa.
WILLIAM iM. LAW8
Seeretarr
BOSTON.
Atlantle
mntnal Inanrane* Company S«rl»
Year* Banffht aad 8«ld.
•f All
JOHN M. GILLESPIE,
Boom
No. 518 Atlantic Balldliig:,
t9-61 Wall Street,
NEW
YORK.
For Bnslnesa Correapondenee,
Whether
for letter written with your own band, or
bytthe typewriter, are UNEQUALED. Their quality
la assured and they hare won highest honors at all
the great World's Fairs. For high grade writing
papers of all kinds, for bond papers, and for ledger
papers, Insist on having them made by the
WHITING PAPER COMPANY,
HOLVOKE. MASS.
New
York.
Philadelphia.
A. G. Becker
(
&
Chicago.
Co.,
rNOORPORATKD.
COMMERCIAL PAPER,
W.
S.
Cor.
Monroe & La
Salle Sts., Chlotgo.
@FedFRASER